diff --git "a/reddit_finance_43_250k_366.txt" "b/reddit_finance_43_250k_366.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_366.txt" @@ -0,0 +1,10000 @@ +* It's not creativity +* It's not critical thinking +* It's not problem solving +* It's not ingenuity +* It's not unique +* And it's definitely not acting in good faith + +And please spare me the tired old beat up and failed argument of "but, but, but, ETC doesn't *need* to be any of those things because it has immutability." + +Again, a purely delusional argument. + +I haven't see one legitimate dapp developer articulate how or why they *actually* think or believe that their dapp's transactions are at risk of being 'arbitrarily rolled back'. On the other hand, I have seen a few snarky populist arguments (none of which I would consider legitimate) to try and gain favor from the ETC crowd. + +In addition, ETC will not have *any* worthwhile distinguishing features *other than*: + +* the presence of a thief holding 3.5M+ ETC over the heads of the entire ecosystem +* a bunch of now stolen ETC being traded among users/traders +* the perception of a community and ecosystem that values spite and illicit behaviors/activities over honesty, pragmatism, and progress + +So someone please, anyone, provide me with a well articulated argument as to why I, as an investor, should find *any* value in a product or technology with traits such as those described above? + +I've been waiting for a week+ now, and not a single person can provide me with a well articulated answer to the question that isn't based on 'just because' and/or purely speculative assumptions. +Don't get me wrong lambos sound nice but really I have always been someone that lives to eat. And fortunately I grew up in a family that always made sure I had enough. However, it's embarrassing to say but I have always had a large appetite. As a result, I have always loved to eat but especially during these tough times I have to cook almost every meal. + +This might sound like a real "first world problem" I have never gone truly hungry and I know there's a lot of people in this world that do and I get it that I have it so much better than them. However, whenever I have gone to a restaurant, (with the exception of buffets) I have never left feeling happy. I always go home and eat something else which to me just defeats the purpose of going out to eat in the first place. See I can't afford to order as much as I want because the bill for anything that isn't McDonalds and related fast food will literally come to well over $100 sometimes $150 WITHOUT booze just eating for myself. And eating too much McDonald's makes me feel like shit. + +As a result, I have come to associate restaurants as unnecessarily expensive and subpar which just is not true. Don't get me wrong being able to eat a lot and enjoy it definitely has its perks. But I want to be able to just let loose go to a restaurant whenever I want, order 5-6 dishes be an absolute glutton every now and then, and just not care. It might sound weird to a lot of you, but that is something I truly look forward to. Just being able to go out and enjoy a meal and scare everyone in the damn establishment with how much I eat and just pay my bill, leave a large tip without worrying about finances. I want to travel the world and try all kinds of cuisine. + +I don't know what your dreams are post-MOASS but here is mine. It can't be more unusual than this. +I stumbled across this video last night and it's amazing! A woman shows how she bought and prepared nutritious meals for an entire week for $10. What I found most impressive was that the foods she used actually have a ton of nutrients, vitamins, and fiber - they are definitely NOT empty calories! I did find her method of making refried beans bizarre. I would probably just heat them in a pot and use a potato masher, but otherwise, I thought this video was pretty perfect. :D + +[https://www.youtube.com/watch?v=VAYJLyYTsls](https://www.youtube.com/watch?v=VAYJLyYTsls) +Hi Apes, (this post is not adjusted for inflation, open to a wrinkle edit) thanks! If using inflation the ratio would be smaller - + +I am open to feedback - will take down if im tripping - But from my basic ass calculations - I show the markets using 28 times more leverage (this is for Margin, taken from FINRA Margin Statistics) than 2008 levels - + +I was looking at the margin levels - they stopped doing these numbers in July, I wonder why? + +July-21 $844,324BN + +So July 2021 it was $844BN (and has not been updated since July) + +And in July-08 $30,007BN + +So the math is 844/30 = 28.13 more leverage today vs 2008. + +[https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics](https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics) + +Edit - it looks like margin changed after 2008 - they used a lot more - still around 4 times over 2010 levels - Jul-10 $267,468BN + +If this is the case, hedgies are even more fukt and a call is coming soon... +My town is fairly calm. Or it was. But in the past year it has gone from random cases of a car break in here, or a porch pirate there to it being an everyday, sometimes during the day, occurrence. + +I’m on the Nextdoor app and lately it’s just car breakins, porch pirates, people stealing bikes right out of their yards. Today the bank right on the corner from me got robbed. + +A couple years back someone stole my fathers HANDICAPPED ramp!! It was aluminum and I guess they thought they could get a few bucks for it but it was shitty because they didn’t even think of the handicapped person they stole it from. + +I get being desperate, but stealing from your neighbors just creates a really bad environment to where no one trusts anyone and no one can have a damn lawn gnome without some thief helping themselves. Yesterday a package I ordered of cat litter got stolen off my porch. I mean seriously! + +Stepping on each other to get slightly ahead isn’t the way to do it. Being kind to each other and helping each other goes a long way. + + +One way we can promote cryptocurrency is through the people in the adult industry. All the people who ask you to donate to their page - Ask them if they take crypto. If you want you can even help them set it up. There are crypto friendly sites they can use like Onlycoins or Naftyfans. Think of the size of that industry. If they all opened wallets we’d have global adoption tomorrow. + +So if you want to help message your favorite content creators and offer your services to them. + +{posting for a friend} +Hi everyone. I'm a 27 yo working as a band 3 nhs worker. My salary is £20330 per year. + +I recently came off a call with NHS pensions. I was a bit confused by the NHS pension rules. Essentially I was told the NHS pension pot isn't invested so the only money you gain is from employer contributions. Is that correct? Is it also correct that NHS contributions are roughly 20% of your salary? So when I come to claim my pension I will be be entitled to 20% of my average salary + whatever I paid in (currently 6% of salary) and nothing else? The advisor also told me that NHS pension benefits do not begin until you have paid in for more than 2 years. What does pension benefits mean? Does that mean the NHS won't contribute to my pension until 2 or more years of service? + +Essentially after hearing this stuff about pensions from the adviser it's seeming more of an unwise financial choice to pay into it. You get many people telling you to pay into pensions no matter what (including my parents) but surely investing yourself is better than paying pension. If I invested 100 every month instead of pensions into a LISA to buy a house or a long term investment account isn't that better? + +I also smoke and lead a relatively unhealthy lifestyle, so it's quite likely I won't live past 65 making pensions even more unattractive to me. +It's not just active users. The vast majority of people using this sub to pick stocks are not posting and commenting, they're lurking. So yes, paid pumpers have good reason to be posting here and it can make a huge difference. +It's not just active users. The vast majority of people using this sub to pick stocks are not posting and commenting, they're lurking. So yes, paid pumpers have good reason to be posting here and it can make a huge difference. +I recently learned a high probable strategy that consist of two setups and it’s really intriguing on how these patterns can appear many times on a chart in many different ways while remaining the same concept. I still trade these setups and I do see consistency within the profits I generate. However the problem I find my self questioning is with this strategy, can I become succeeful if I only trade them strictly? +Alright fellow apes, in light of everything going on with our glorious meme stonks, we need to take some time to reflect upon our financial literacy and health. This is so that when we’re able to squeeze the big boys out of their billions, our gains will actually matter. + +[It is a fact that the vast majority of lottery winners lose all their winnings, even go bankrupt, within a few years of receiving their winnings.](https://www.washingtonpost.com/outlook/five-myths/five-myths-about-the-lottery/2019/12/27/742b9662-2664-11ea-ad73-2fd294520e97_story.html) + +In other words, if we don’t use our gains wisely, they’re just going to go back to the big guys that are screwing us over. + +So here’s some simple yet solid financial advice from rich people that can help you keep and grow whatever gains you’ll be getting within these next few months; + +# 1.) Have a strict budget. + +One of the most common budgets for wealthy people is this ; + +**50%** of their money goes towards **necessities** (rent/board/mortgage, groceries, utilities, insurance, transportation, etc.) + +**20-30%** goes into **investments** + +**10-20%** goes into an **emergency fund** they can access quickly + +**10%** goes towards **wants** (entertainment, restaurants, treats, etc.) + +Again, not everyone can follow this budget to a T, and some don’t have to. But it will be important to budget your income and gains into these four separate categories in whichever way works best for you so that you can have strong financial health. + +# 2.) Prepare for taxes + +If your gains are big enough, and unless you’re going to keep them all in a tax-free account, you’re going to have to study up on what tax rates will apply to you and your gains. + +For example, if you get $1.5M, and the tax rate for those sort of gains is 33%, only use the $1M and save aside the other $0.5M solely for taxes. + +# 3.) If your gains are big enough, hire a financial advisor from a trusted institute + +Anyone who makes huge amounts of money will be wise to hire someone that can help them understand what to do with it. + +So if your gains are too overwhelming for you, and your first instincts are to instantly buy all the things you’ve ever wanted, you will actually be wise to calm yourself down and do your research on who you can trust with your money. + +DO NOT follow the financial advice of anyone that comes to you. YOU must go to THEM. + +This leads me to my next point; + +# 4.) Expect scammers, beggars, and family to come out of the woodwork if you make your gains public + +There are people who dedicate their lives to manipulating others to get what they want. And if you make your wealth public by either telling everyone about your gains, or flashing your wealth around, you will become a prime target to some of the scummiest, two-faced con artists on Earth. + +Even family and friends can suddenly show up and subtly ask you for money. They may not be doing this on purpose or out of sheer selfish desire; it’s just human nature. + +This also leads me into my final point; + +# 5.) Prepare for your entire life to change. + +Your personal, relationship, and work life will all change whether you like it or not with your new big gains. + +Prepare for the transition to be stressful, to challenge everything you know and are, and for you to need to re-evaluate your relationships with others as well as your purpose in life. + +Again, the vast majority of people live most of their lives working hard just to get by. Now that money is less of an issue, that changes everything. + +# 6.) Don’t forget that you’re still human + +You are not a genius or a God now that you have this wealth. You can still bleed, and you will die just like everyone else will. + +This also means that your greatest satisfaction and joys in life will not come from your wealth or the things you can now buy that most can only dream about buying. + +It comes from the little things. + +It comes from giving. + +It comes from living in and for love. + +And if you forget about it, you’ll only become the very kind of people that we’re fighting against. +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! + +^for ^a ^tl;dr, ^scroll ^down ^to ^the ^bullet ^points + + +Some people who have been here for a while may remember a similar post by me some months ago which turned out to be fruitless but thanks to a recent discovery, I have decided to reopen the offer with a higher bounty. + +**What happened?** + +In February I was robbed at gun point and my phone was stolen from me. I had an amount of ETH on a Jaxx wallet which I, obviously, at this point did not have access to. I was not too nervous, though, because I had installed the Jaxx wallet extension on Firefox and synced the wallet on my phone to the Firefox extension. However, when I got home and opened the browser, either I or Firefox itself had updated the browser and when I went to open the wallet, it was initialized and there was nothing there. + +Before you ask, **no, I did not write down the 12 word phrase**. Why? Because I'm stupid and irresponsible. When I previously asked for help, I was basically told without the phrase, I was fucked and the wallet was gone forever. Needless to say, watching what would have been a double digit fold return on my investment was devastating. I bought more shortly after I was robbed but it was only a fraction of my original stack. + +It seemed useless until one day, the brilliant minds at Vx Labs posted a blog post on how to extract the 12 word phrase from a wallet file. Now, obviously this gave me hope that maybe I could recover the funds...however, when I read the article, it only explained how to find the wallet file with the Chrome extension and not the Firefox one. + +**So basically, what I need from you is:** + +* Help me locate my wallet file from the Firefox extension, and +* use the techniques outlined in [the VX labs blog post](https://vxlabs.com/2017/06/10/extracting-the-jaxx-12-word-wallet-backup-phrase/) to extract my 12 word phrase. + +If you have the ability to help me, please message me. If we are successful, I will reward you with 5 ETH and my eternal gratitude. + + +Although most people that post in this sub are engineers or have STEM degrees and what not what is your trade? How was your journey to FIRE with a trade. +The Federal Reserve on Wednesday approved a fourth consecutive three-quarter point interest rate increase and signaled a potential change in how it will approach monetary policy to bring down inflation. + +In a well-telegraphed move that markets had been expecting for weeks, the central bank raised its short-term borrowing rate by 0.75 percentage point to a target range of 3.75%-4%, the highest level since January 2008. + +The move continued the most aggressive pace of monetary policy tightening since the early 1980s, the last time inflation ran this high. + +Along with anticipating the rate hike, markets also had been looking for language indicating that this could be the last 0.75-point, or 75 basis point, move. Specifically, some Fed officials along with Wall Street economists and strategists in recent weeks had talked of a “step-down” in policy that could see a rate increase of half a point at the December meeting and then a few smaller hikes in 2023. + +That language was not overt in the post-meeting statement from the rate-setting Federal Open Market Committee, though there was a tweak that could point to an adjustment in policy. + +This week’s statement expanded on previous language simply declaring that “ongoing increases in the target range will be appropriate.“ + +The new language read: “The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time.“ + +The statement reiterated that policy changes “will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.“ + +Markets will look to Chairman Jerome Powell’s news conference at 2:30 p.m. for more clarity on whether the Fed thinks it can implement less restrictive policy that would include a less dramatic level of rate hikes to achieve its inflation goals. + +Along with the tweak in the statement, the FOMC again categorized growth in spending and production as “modest” and noted that “job gains have been robust in recent months” while inflation is “elevated.” The statement also reiterated language that the committee is “highly attentive to inflation risks.“ + +The rate increase comes as recent inflation readings show prices remain near 40-year highs. A historically tight jobs market in which there are nearly two openings for every unemployed worker is pushing up wages, a trend the Fed is seeking to head off as it tightens money supply. + +Concerns are rising that the Fed, in its efforts to bring down the cost of living, also will pull the economy into recession. Powell has said he still sees a path to a “soft landing” in which there is not a severe contraction, but the U.S. economy this year has shown virtually no growth even as the full impact from the rate hikes has yet to kick in. + +At the same time, the Fed’s preferred inflation measure showed the cost of living rose 6.2% in September from a year ago – 5.1% even excluding food and energy costs. GDP declined in both the first and second quarters, meeting a common definition of recession, though it rebounded to 2.6% in the third quarter largely because of an unusual rise in exports. At the same time, housing prices have plunged as 30-year mortgage rates have soared past 7% in recent days. + +On Wall Street, markets have been rallying in anticipation that the Fed soon might start to ease back as worries grow over the longer-term impact of higher rates. + +The Dow Jones Industrial Average has gained more than 13% over the past month, in part because of an earnings season that wasn’t as bad as feared but also amid growing hopes for a recalibration of Fed policy. Treasury yields also have come off their highest levels since the early days of the financial crisis, though they remain elevated. The benchmark 10-year note most recently was around 4.04%. + +There is little if any expectation that the rate hikes will halt anytime soon, so the anticipation is just on a slower pace. Futures traders are pricing a near coin-flip chance of a half-point increase in December, against another three-quarter point move. + +Current market pricing also indicates the fed funds rate will top out near 5% before the rate hikes cease. + +The fed funds rate sets the level that banks charge each other for overnight loans, but spills over into multiple other consumer debt instruments such as adjustable-rate mortgages, auto loans and credit cards. + +Source: [https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html](https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html) +Title says is all, just wanted to remind people of that fact. + +Options are tempting, especially the weeklies, they feel like leveraged lottery tickets, **but** *that is under normal circumstances*. These circumstances are not normal - every time you get it wrong, you are giving liquidity to the shorts to make their margin calls. I'm speaking from experience. Lots of wasted money in February and March. + +Put another way: STOCKS ONLY. Buy. Hold. Vote. + +If you read the DD and come to the same conclusion of course, I'm not a financial adviser. +# Welcome to the /r/Bitcoin Sticky FAQ + +You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. + +It all started with the release of **[Satoshi Nakamoto's whitepaper](https://bitcoin.org/bitcoin.pdf)** however that will probably go over the head of most readers so we recommend the following articles/books/videos as a good starting point for understanding how bitcoin works and a little about its long term potential: + +* [Article: The Bullish Case for Bitcoin](https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1) +* [Book: The Bitcoin Standard](https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861) +* [Video 1: Introduction to Bitcoin - Andreas Antonopoulos](https://www.youtube.com/watch?v=l1si5ZWLgy0&list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj&index=2&t=1s) +* [Video 2: The Stories We Tell About Money - Andreas Antonopoulos](https://youtu.be/ONvg9SbauMg?t=1) +* [Video 3: The Trust Machine](https://www.youtube.com/watch?v=ZKwqNgG-Sv4) +* [Video 4: Bitcoin 101 - Balaji Srinivasan](https://www.youtube.com/watch?v=JIxwTx7o_B4&feature=youtu.be&t=0s) + + +Some other great resources include [Lopp.net](http://lopp.net/bitcoin.html), Gigi's [resource page](https://bitcoin-resources.com/#bitcoin-non-technical), and James D'Angelo's [Bitcoin 101 Blackboard series](https://www.youtube.com/watch?v=Bhe61JaNFLU&list=PLzctEq7iZD-7-DgJM604zsndMapn9ff6q&index=7&t=0s). + +Some excellent writing on Bitcoin's value proposition and future can be found at the [Satoshi Nakamoto Institute](http://nakamotoinstitute.org/mempool/). + +Some Bitcoin statistics can be found [here](https://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&r=week&t=a), [here](https://bitcoinvisuals.com/) and [here](https://bitcoin.clarkmoody.com/dashboard/). Developer resources can be found [here](https://developer.bitcoin.org/). Peer-reviewed research papers can be found [here](https://docs.google.com/spreadsheets/d/1VaWhbAj7hWNdiE73P-W-wrl5a0WNgzjofmZXe0Rh5sg), also course lectures from the [Princeton crypto series](https://www.reddit.com/r/Bitcoin/comments/7qynvj/dont_panic_just_learn_sixty_free_lectures_from/). + +Potential upcoming protocol improvements and scaling resources [here](http://diyhpl.us/wiki/transcripts/2018-01-24-rusty-russell-future-bitcoin-tech-directions/) and [here](https://www.reddit.com/r/Bitcoin/comments/56nnd8/the_scaling_bitcoin_website_is_awesome_videos/). + +The number of times Bitcoin was declared dead by the media can be found [here](https://99bitcoins.com/obituary-stats) (LOL!) + +## Key properties of Bitcoin + +* **Limited Supply** - There will only ever be 21,000,000 bitcoin created and they are issued in a predictable fashion, you can view the inflation schedule [here](https://bashco.github.io/Bitcoin_Monetary_Inflation/). Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found [here](http://bitcoinblockhalf.com/). +* **Open source** - Bitcoin code is fully auditable. You can read the source code yourself [here](https://github.com/bitcoin/bitcoin). +* **Accountable** - The public ledger is transparent, all transactions are [seen by everyone](https://blockstream.info/). +* **Decentralized** - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how [Bittorrent](https://en.wikipedia.org/wiki/BitTorrent) works. You can even [run a node on a Raspberry Pi](https://getumbrel.com/). +* **Censorship resistant** - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see [Operation Chokepoint](https://en.wikipedia.org/wiki/Operation_Choke_Point). +* **Push system** - There are [no chargebacks](https://gendal.me/2013/10/21/lessons-from-bitcoin-push-versus-pull/) in bitcoin because only the person who owns the address where the bitcoin resides has the authority to move them. +* **Low fee scaling** - Fees are chosen by the sender - you can choose your own fee. An appropriate fee for an on-chain transaction depends on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view fee estimates [here](https://bitcoinfees.earn.com/) and mempool activity [here](https://jochen-hoenicke.de/queue/#0,2w). On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the [Lightning Network](https://www.reddit.com/r/Bitcoin/comments/7pwna9/lightning_network_megathread/), a second layer scaling solution currently rolling out on the Bitcoin mainnet. +* **Borderless** - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is [globally distributed](https://bitnodes.earn.com/). +* **Trustless** - Bitcoin solved the [Byzantine's Generals Problem](https://en.wikipedia.org/wiki/Byzantine_fault_tolerance) which means nobody needs to trust anybody for it to work. +* **Pseudonymous** - No need to [expose personal information](http://bitcoinsimplified.org/learn-more/anonymity/) when purchasing with cash or transacting. +* **Secure** - Blocks and transactions are cryptographically secured (using hashes and signatures) and can’t be [brute forced](http://i.imgur.com/fYFBsqp.jpg) or confiscated with proper key management such as hardware wallets. +* **Programmable** - Individual units of bitcoin can be [programmed to transfer](https://en.bitcoin.it/wiki/Script) based on certain criteria being met +* **Nearly instant** - From a few seconds on the lightning network to a [few minutes](https://www.blockchain.com/charts/median-confirmation-time) on-chain depending on need for confirmations. Transactions are irreversible by normal users after one confirmation and irreversible by anyone (including miners) after 6 confirmations. +* **Peer-to-peer** - No intermediaries taking a cut, no need for [trusted third parties](https://nakamotoinstitute.org/trusted-third-parties/). +* **Portable** - Bitcoin are digital so they are easier to move than cash or gold. They can be transported by simply carrying a seed (a string of 12 to 24 words) on a device or [by memorizing it for wallet recovery](https://en.bitcoin.it/wiki/Brainwallet) (while cool, memorizing is generally not recommended due to potential for forgetting the seed and the potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for most users for their ease of use and additional security). +* **Scalable** - While the protocol is still being optimized for [increased transaction capacity](https://en.bitcoin.it/wiki/Scalability), blockchains do not scale very well, so most transaction volume is expected to occur on Layer 2 networks built on top of Bitcoin. +* **Divisible** - Each bitcoin can be [divided down to 8 decimals](https://en.bitcoin.it/wiki/Satoshi_(unit\)), which means you don't have to worry about buying an entire bitcoin. +* **Designed Money** - Bitcoin was created to fit all the [fundamental properties of money](http://i.imgur.com/wkTyyaV.png) better than gold or fiat + +## Where can I buy bitcoin? + +[Bitcoin.org](https://bitcoin.org/en/buy) and [BuyBitcoinWorldwide.com](https://www.buybitcoinworldwide.com/) are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the [bitcoinity exchange resources](https://data.bitcoinity.org/markets/exchanges/USD/30d) for a larger list of options for purchases. + +* [Cash app](https://cash.app/help/us/en-us/1016-bitcoin) +* [Gemini](https://gemini.com/) +* [Swan](https://www.swanbitcoin.com/) +* [River Financial](https://river.com/) +* [Bitstamp](https://www.bitstamp.net/) +* [BitFinex](https://www.bitfinex.com/) +* [Xapo](https://xapo.com/) +* [Kraken](https://www.kraken.com/) +* [Cex](https://cex.io/) +* [LocalBitcoins](https://localbitcoins.com/) +* [LibertyX](https://libertyx.com/) +* [P2P exchange list](https://github.com/cointastical/P2P-Trading-Exchanges/) (decentralized) + +[Here](http://coinatmradar.com/) is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use [Bitwage](https://www.bitwage.com/). + +**Note:** Bitcoin are valued at whatever [market price](https://cryptowat.ch/bitstamp/btcusd) people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. + +## Securing your bitcoin + +With bitcoin you can **"Be your own bank"** and personally secure your bitcoin **OR** you can use third party companies aka **"Bitcoin banks"** which will hold the bitcoin for you. + +* If you prefer to **"Be your own bank"** and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the [Trezor](https://www.bitcointrezor.com/), [Ledger](https://www.ledgerwallet.com/) or [ColdCard](https://coldcardwallet.com/) is recommended. Alternatively there are many software wallet options to choose from [here](https://bitcoin.org/en/choose-your-wallet) depending on your use case. + +* If you prefer to let third party **"Bitcoin banks"** manage your coins, try [Gemini](https://gemini.com/) but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk. There is a saying in the community, **"Not your keys, not your coins"** meaning if you don't store your coins in a wallet that you control the keys to then you do not really own your bitcoin as you have to ask permission from the third party in order to move them. + +**Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!** + +2FA requires a second confirmation code or a physical security key to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes. + +Google Auth | Authy | OTP Auth | andOTP +--------------|--------|------------|-------- +[Android](https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2) | [Android](https://play.google.com/store/apps/details?id=com.authy.authy&hl=en) | N/A | [Android](https://play.google.com/store/apps/details?id=org.shadowice.flocke.andotp) +[iOS](https://itunes.apple.com/us/app/google-authenticator/id388497605?mt=8) | [iOS](https://itunes.apple.com/us/app/authy/id494168017) | [iOS](https://apps.apple.com/us/app/otp-auth/id659877384) | N/A + +Physical security keys (FIDO U2F) offer stronger security than Google Auth / Authy and other TOTP-based apps, because the secret code never leaves the device and it uses bi-directional authentication so it prevents phishing. If you lose the device though, you could lose access to your account, so always use 2 or more security keys with a given account so you have backups. See [Yubikey](https://yubikey.com/) or [Titan](https://cloud.google.com/titan-security-key) to purchase security keys. + +Both Coinbase and Gemini support physical security keys. + + +## Watch out for scams + +As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. As they say in our community, **"Don't trust, verify"**. + +* Avoid using ad-based search engines like Google or Yahoo: ads are shown based on how much the advertiser bids, and scammers can easily outbid legitimate providers for ad space, since immoral ways of earning money are far more lucrative than moral ways. Use [DuckDuckGo](https://duckduckgo.com/) instead, which has no ads, and never tracks you as well. +* Ignore private messages offering services. +* Never enter your seed words in a website of any kind. Hardware wallets will recover by displaying possible seed words on their own interface, never on a website. +* Avoid clicking on links like that look like links, such as [https://www.google.com/](https://www.youtube.com/watch?v=8ybW48rKBME), without first hovering over it and actually checking where they go to. Just because a link is labelled with an HTTPS address does not mean it actually sends you to that address. It is trivial for someone to comment a link on Reddit that looks like it will send you to one website when it actually sends you to another, and you might not notice the difference until a scammer has gotten all your money, or you have downloaded and installed software that steals your money. + +## Where can I spend bitcoin? + +Check out [spendabit](https://spendabit.co/) or [bitcoin directory](http://bitcoin.directory/shop) for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the [CashApp card](https://cash.app/help/us/en-us/3080-cash-card-get-started) or [Fold card](https://foldapp.com/). Some other useful site are listed below. + +Store | Product +---|--- +[Gyft](http://www.gyft.com/) | Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc. +[Spendabit](https://spendabit.co/), [Overstock](http://www.overstock.com/) and [The Bitcoin Directory](http://bitcoin.directory/) | Retail shopping with millions of results +[NewEgg](http://www.newegg.com/) and [Dell](http://www.dell.com/) | For all your electronics needs +[Coinbills](http://coinbills.com/), [Piixpay](https://piixpay.com), [Bitbill.eu](https://bitbill.eu), [Bylls](https://bylls.com), [Coins.ph](https://coins.ph), [Bitrefill](https://bitrefill.com), [LivingRoomofSatoshi](https://www.livingroomofsatoshi.com), [Coinsfer](https://coinsfer.com/), and [more](https://plusbitcoin.net/bitcoin-debit-card/) | Bill payment +[Menufy](https://www.menufy.com/) and [Takeaway](http://corporate.takeaway.com/) | Takeout delivered to your door +[Expedia](http://www.expedia.com/), [Cheapair](http://www.cheapair.com/), [Destinia](http://destinia.us/), [Abitsky](http://www.abitsky.com/), [SkyTours](http://www.sky-tours.com/), the [Travel](https://www.gyft.com/buy-gift-cards/category/travel/) category on Gyft and [9flats](http://www.9flats.com/) | For when you need to get away +[Cryptostorm](https://cryptostorm.is), [Mullvad](https://mullvad.net), and [PIA](https://www.privateinternetaccess.com/) | VPN services +[Namecheap](https://www.namecheap.com/), [Porkbun](https://porkbun.com/) | Domain name registration +[Stampnik](https://stampnik.com) | Discounted USPS Priority, Express, First-Class mail postage +[Coinmap](http://coinmap.org/) and [AirBitz](https://airbitz.co/search?term=&location=Current+Location) are helpful to find local businesses accepting bitcoin. A good resource for UK residents is at [wheretospendbitcoins.co.uk](http://www.wheretospendbitcoins.co.uk). + +There are also [lots of charities](https://www.reddit.com/r/changetip/wiki/suggestions) which accept bitcoin donations. + +## Merchant Resources + +There are several benefits to accepting bitcoin as a payment option if you are a merchant; + +* 1-3% savings over credit cards or PayPal. +* No chargebacks (final settlement in 10 minutes as opposed to 3+ months). +* Accept business from a global customer base. +* Increased privacy. +* Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it. + +If you are interested in accepting bitcoin as a payment method, there are several options available; + +* [BTCPay](https://btcpayserver.org/) +* [Square cash](https://cash.me/) +* [Stripe](https://stripe.com/bitcoin) +* [Wyre](https://www.sendwyre.com/business/) +* [Blockonomics](https://www.blockonomics.co/merchants#) (direct to your wallet) + +## Can I mine bitcoin? + +Mining bitcoin can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to [folding at home](http://folding.stanford.edu/). If you want to learn more about mining you can read more [here](https://en.bitcoin.it/wiki/Faq#Mining). Still have mining questions? The crew at /r/BitcoinMining would be happy to help you out. + +If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can [run a full node](https://getumbrel.com/). You can view the global node distribution [here](https://getaddr.bitnodes.io/). + +## Earning bitcoin + +Just like any other form of money, you can also earn bitcoin by being paid to do a job. + +Site | Description +---|--- +[WorkingForBitcoins](https://workingforbitcoins.com), [Bitwage](https://www.bitwage.com/for-individuals/), [Cryptogrind](http://www.cryptogrind.com/#!/), [Coinality](https://coinality.com/), [Bitgigs](http://bitgigs.com/), [/r/Jobs4Bitcoins](http://www.reddit.com/r/Jobs4Bitcoins), [BitforTip](http://www.bitfortip.com/), [Rein Project](http://reinproject.org/) | Freelancing +[Lolli](https://www.lolli.com/) | Earn bitcoin when you shop online! +[OpenBazaar](https://openbazaar.org/), [Purse.io](https://purse.io/shop), [Bitify](https://bitify.com/), [/r/Bitmarket](http://www.reddit.com/r/BitMarket) | Marketplaces +[/r/GirlsGoneBitcoin](http://www.reddit.com/r/GirlsGoneBitcoin) NSFW | Adult services +[A-ads](https://a-ads.com/), [Coinzilla.io](https://coinzilla.io/) | Advertising + +You can also earn bitcoin by participating as a market maker on [JoinMarket](https://github.com/chris-belcher/joinmarket) by allowing users to perform CoinJoin transactions with your bitcoin for a small fee (requires you to already have some bitcoin). + +## Bitcoin-Related Projects + +The following is a **short** list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space. + +Project | Description +---|--- +[Lightning Network](https://lightning.engineering/index.html)| Second layer scaling +[Liquid](https://blockstream.com/liquid/), [Rootstock](https://www.rsk.co/) and [Drivechain](http://www.truthcoin.info/blog/drivechain/) | Sidechains +[Hivemind](http://bitcoinhivemind.com) | Prediction markets +[Tierion](https://tierion.com) and [Factom](http://factom.org/) | Records & Titles on the blockchain +[BitMarkets](https://voluntary.net/bitmarkets/), [DropZone](https://github.com/17Q4MX2hmktmpuUKHFuoRmS5MfB5XPbhod/dropzone), [Beaver](https://eprint.iacr.org/2016/464.pdf) and [Open Bazaar](https://openbazaar.org/) | Decentralized markets +[JoinMarket](https://github.com/chris-belcher/joinmarket) and [Wasabi Wallet](https://github.com/zkSNACKs/WalletWasabi) | CoinJoin implementation +[Decentralized exhanges](https://github.com/cointastical/P2P-Trading-Exchanges/) | Decentralized bitcoin exchanges +[Keybase](https://keybase.io/) | Identity & Reputation management +[Abra](https://www.goabra.com/) | Global P2P money transmitter network +[Bitcore](http://bitcore.io/) | Open source Bitcoin javascript library + +## Bitcoin Units + +One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below: + +Unit | Symbol | Value | Info +---|:---:|---|--- +bitcoin | BTC | 1 bitcoin | one bitcoin is equal to 100 million satoshis +millibitcoin | mBTC | 1,000 per bitcoin | used as default unit in recent Electrum wallet releases +bit | bit | 1,000,000 per bitcoin | colloquial "slang" term for microbitcoin (μBTC) +satoshi | sat | 100,000,000 per bitcoin | smallest unit in bitcoin, named after the inventor + +For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal: + +* 0.001 BTC +* 1 mBTC +* 1,000 bits +* 100k sats + +For more information check out the [Bitcoin units wiki](https://www.reddit.com/r/BitcoinWiki/wiki/bitcoin_units). + +--- + +**Still have questions?** Feel free to ask in the comments below or stick around for our weekly [Mentor Monday](https://www.reddit.com/r/Bitcoin/search/?q=title%3A%22mentor+monday%22&sort=new&restrict_sr=on&t=all) thread. If you decide to post a question in /r/Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. + +**Note:** This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can [edit it here](https://www.reddit.com/r/BitcoinWiki/wiki/rbitcoin_sticky) and it will be included in the next revision pending approval. + +**Welcome to the Bitcoin community and the new decentralized economy!** +In 2009 a family member persuaded me to get a joint mortgage with them for a buy-to-let properly. I was a teenager and stupidity agreed without much thought. The family member paid the deposit, rented the property and made mortgage payments for several years, and they profited off the rent (it exceeded the mortgage). I had nothing to do with the property other than it being jointly in my name. I saw no income from it and paid nothing towards it - frankly (and this is a bit embarrassing to admit) I forgot it even existed. + +In 2017 the family member got into financial difficulty with our joint property and several others he owned independently. By the time I realised what was going on, the mortgage defaulted. The default was registered in May 2017. + +The property was sold by the lender and I agreed a settlement with the mortgage company to pay back a small lump sum and they agreed not to pursue any further recovery actions against me. Following my payment of the settlement amount, plus the sale of the property, there is still £37k outstanding and the lender continues to chase my family member. + +I am single, renting and I have no other debt and no CCJs. I earn £50k p/a with savings of £40k. Will I be able to get a mortgage? I’m sick of renting - spending thousands of pounds each year for someone else’s benefit.  + +I suspect a lot of the advice would be to see a mortgage broker, but I guess I’m wondering if I should bother at all if the answer is likely to be no. +Currently driving a camry 2002 60k miles. Was about to upgrade to lexus es350 2012 50k miles, 11k. + + +Hopefully in 2 years i can buy the car and laugh about it. + +Have you ever put off an urge to buy some material item and bought BTC instead? +Sales of new single-family are down 16.6 percent to 591,000 in April after a downward revision to 709,000 in March. Sales are the lowest since 582,000 in April 2020 during the worst of the pandemic downturn and since 550,000 in December 2018. The level is well below expectations in Econoday survey where the consensus is 750,000 and the low end of the range at 700,000. + +The months' supply of new homes available for sale jumped to 9.0 in April after 6.9 in March and nearly twice the 4.7 in April 2021. April is the highest since 9.3 months' worth in May 2010. + +Despite slower sales and more plentiful inventories, the median price of a new home rose 3.6 percent to $450,600 in April from March and is up 19.6 percent from a year earlier. + +It is clear that rising prices and mortgage interest rates have substantially reduced home affordability. Early May data for homebuilders and mortgage applications strongly suggest that the housing market is cooling rapidly. The boom brought on by historic lows in mortgage rates and by changing housing needs during the pandemic, and later by rising incomes and rental costs is pretty much over. Homebuyers can expect an easing in price escalation and less competition for available units. It is unlikely, though, that prices are going to change course. + +Note that today's report includes annual revisions back through January 2017. + +&#x200B; + +[ Legal Notices | ©Copyright 1998-2022 Econoday, Inc.  ](https://preview.redd.it/cip83r53tf191.png?width=775&format=png&auto=webp&s=160a3c7d7c7e34c66255f77c6d4090c5620e33fe) + +&#x200B; + +[Housing Inventory has risen](https://preview.redd.it/sq9ke4tzzf191.png?width=1783&format=png&auto=webp&s=f82662ccf848c8997621abf29e40303be33e8739) +Hey everyone! Some might recognize me from the very small part I played in the Finland-part of this saga, where I called the Ivalo airport to try and extract more information from Mayomans plane. I've been here since January 21 and I'm not planning to leave ever with my purple rings. + +ANYWAY, when the applications for The Marketplace opened, I decided to try and apply with our band where I've played for the past 8 years. We just got accepted and I'm ridiculously happy! We're now a part of this dream, the future which will change so much. I hope the music industry will change completely where you can cut out the middlemen whose only job is to take a slice of everything and get more power to the actual musicians and producers. + +We are all from Finland and we play melodic metal. https://nft.gamestop.com/collection/phoenixtitanvids there are the first 2 lyrics videos we've done with tracks from our first album, Avatar of Fire. I'm now thinking that maybe our second album should be a Gamestop NFT exclusive... + + +EDIT: I also put the price to -90% from $15 to $1.5, we're not trying to scam anyone off. +Hi all, + +Stupid question about inflation and employment: Why don't employers raise the salaries of their employees when inflation goes up? I can see these companies charging their customers more to cover the inflation so why not look after your employees? + +I know their suppliers and costs go up too, so maybe it's that? Ultimately employees are the lowest in the pecking order of things? Surely these very employees then can't afford things and reign in their spending as a result... which impacts the very businesses that employ them? + +Have I missed something? + +Sorry for asking a stupid question about economics of these things, am trying to understand. +Just curious, those who have been saving for a longer amount of time (I'm a newbie), were you affected by the financial crisis in 2008? Is that something you worry about in the future? +Hi, +I've just started earning and want to start investing in direct mutual funds. +Please suggest which portal should i use for the same. +Some of the major ones I've heard about are MFU, paytm money, et money, Cams, kuvera etc. +Came across this article + +[https://www.goalwise.com/blog/why-goalwise-does-not-offer-direct-plans/](https://www.goalwise.com/blog/why-goalwise-does-not-offer-direct-plans/) + +&#x200B; + +>c) **You get 3-5% more than what you would on your own.** That too after fees. +> +>Our Mutual Fund selections, [rebalancing](http://blog.goalwise.com/new-feature-one-click-portfolio-rebalance-our-most-advanced-feature-yet/) etc helps investors earn [higher returns by 3-4%](http://blog.goalwise.com/how-goalwise-selects-the-best-mutual-funds-and-keeps-you-invested-in-them/) than if they would have done it themselves. +> +>If you are not careful, you may end up paying **1-2% in** [exit-loads and taxes](http://blog.goalwise.com/the-costs-and-taxes-associated-with-investing-in-mutual-funds/) during redemption and rebalancing on your own. Our [tax-aware algorithms](http://blog.goalwise.com/the-all-new-advanced-redeem-on-goalwise/) save you from such mistakes automatically. +> +>Our financial planning helps you get on track to meet your [financial goals](http://blog.goalwise.com/goals-based-investing-a-guide-to-the-goals-on-goalwise/) without making any ad-hoc loss-making decisions. + +&#x200B; +I read that tax rate on LTCG for equity based mutual funds is 10% on excess of 1 lakh. + +Suppose I made an investment on 26 aug, 2018 and redeemed my shares on 27 aug, 2020 (after 2 years) and my LTCG is 100100. So will I be taxed on this 100 rs.? Because in a way this was my income over a period of 2 years, not 1.​ + +If I will be taxed, then does it make any sense to redeem the shares after each year so that LTCG is less than 1 lakh and then reinvest it immediately? +I'm trying to understand where the greeks actually come from. Are they theoretically derived from the price of the option, or does the option price (and movement) come from the greeks themselves? If so, who actually sets the greeks? Are they really just an estimate based on a formula? +#[Image: Monthly Cash Flow](http://imgur.com/Mu78zGS) + +Thinking of everything in terms of *monthly cash flow* greatly simplified my understanding of personal finance. With this method, It becomes crystal clear why someone is struggling with "living paycheck-to-paycheck." I even made a super simple [budget spreadsheet](https://docs.google.com/spreadsheets/d/1-k3e7xv3AsOGaIPz_afMt3cod_578Vn42m9_R9WuMeQ/edit?usp=sharing) organized with this approach. Feel free to use it as needed! + +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! + +https://ca.finance.yahoo.com/quote/WEED.TO/ + +My first ever perfect 10x and all under one year. (1.81$) + +How much did you gain of this? Post below. CONGRATULATIONS! +With a base price of $35K, the weekend pre-orders for the model are bound to put another $10B in Tesla's bank account. Elon Musk has also promised another update on Wednesday to share the first full week’s order figures. +With a base price of $35K, the weekend pre-orders for the model are bound to put another $10B in Tesla's bank account. Elon Musk has also promised another update on Wednesday to share the first full week’s order figures. +Put your money in, and DO NOT WATCH THE MARKET. Throw your phone down, you must, even if every cell in your body is telling you no. Turn off your fucking phone. If you watch your money go up and down in real time YOU WILL GET EMOTIONAL. You will keep feeling like you've lost and won over and over in a matter of seconds. It's too much for the human body to take. Make your bet, and masturbate. Then watch YouTube vids of your favorite thing, or call your boyfriend, (actually human contact is not recommended because they'll hear the trembling in your pussy voice). Come back no sooner than the Thursday before expiry. Btw, PROTIP. If your stock has been moving up all week, wait till the last half hour on Friday. It shoots thru the roof those last few minutes. +MSNVF + +**About Mission Ready Solutions Inc.** + +Mission Ready specializes in providing comprehensive government contracting solutions through its privileged access to a host of government contracting vehicles including its Special Operational Equipment (“**SOE**”) Tailored Logistics Support (“**TLS**”) contract administered by the United States Defense Logistics Agency (“**DLA**”), and Multiple Award Schedule contracts administered by the United States General Services Administration (“**GSA**”). + +Mission Ready’s wholly-owned subsidiary, Unifire, Inc. (“**Unifire**”), is one of six companies, globally, authorized to provide equipment and designated services under DLA’s SOE TLS program. Unifire is a designated Small Business and an industry-leading manufacturer and distributor of over 1.5 million fire, military, emergency, PPE and law enforcement products. As an incumbent awardee of the SOE TLS contract, with extensive knowledge and experience in providing solutions to the US Federal Government, Unifire utilizes its highly-efficient, scalable technology infrastructure to provide procurement solutions for program managers, military and federal contracting offices, base supply centers, and other governmental supply agencies. + +Mission Ready serves to prevent injuries and enhance the performance of military personnel, first-responders and all those serving on the front lines by equipping them with the next generation of personal protective equipment (“PPE”). Mission Ready Solutions Inc specializes in providing personal protective solutions to the global defense, security and first-responder markets as a product manufacturer and an experienced government contractor. Mission Ready leverages its privileged access to valuable federal procurement vehicles including the Special Operational Equipment (“SOE”) Tailored Logistics Support (“TLS”) contract administered by the United States (“US”) Defense Logistics Agency (“DLA”). Additionally, Mission Ready is an incumbent awardee of Multiple Award Schedule (“MAS”) contracts administered by the US General Services Administration (“GSA”). + +**contracts** + +* **government contracts**In September 2020, Mission Ready announced that, through its wholly-owned subsidiary, Unifire, Inc., the Company was awarded a total of 7 government contracts – for personal protective equipment consisting of disposable level 2 and level 3 isolation gowns (the “Isolation Gowns”) – with an estimated value of $127,878,307 and a maximum value of $435,723,020 (the “C&T Contracts”) to be fulfilled over a 12-month period. + +**Lyft contract** + +In June 2020, the Company announced that it had signed a one-year Master Services Agreement, dated May 31, 2020, with a leading transportation company (“PartnerCo.”) based in San Francisco, California whereby the Company will manage the sale of personal protective equipment and cleaning supplies (“Goods”) to drivers (“the “Program”). The Goods will be competitively priced at PartnerCo’s negotiated pricing with no additional PartnerCo markup. The Goods will be shipped directly to the drivers through Mission Ready’s distribution network. To start, a set selection of products will be available, including face masks (disposable and reusable) and disinfectants (sprays, packets and hand gels) – with additional products to be added based on driver demand and supplier availability. + +* **CAD $24 Million FEMA Contract Award** + +In May 2020, the Company announced that, further to its news release dated April 28, 2020, the Company had received a CAD $24,000,000 (twenty-four million) contract award (“Contract Award”) from the US Department of Homeland Security (“DHS”) Federal Emergency Management Agency (“FEMA”) for the provision of personal protective equipment (“PPE”) to be delivered between May 12, 2020 and September 30, 2020. In addition to the CAD $24,000,000 awarded to Mission Ready, the Contract Award included an option, exercisable at FEMA’s discretion, for an additional CAD $12,000,000 (twelve million) to be awarded to Mission Ready no later than September 30, 2020 (the “Option”), for an aggregate potential contract value of up to CAD $36,000,000. + +Things to Consider (not from me, but this is coming from a smart poster on ceo he sums up pretty much everything that's going on right now.) + +* The court case hasn't been updated since November 20th. (Perhaps a mutual agreement considering that the ceiling for SOE is being raised to 8B) +* The $350M is yet to be awarded. The National Emergency Stockpile is seriously lacking PPE. USA set a record in most Covid deaths just this week. PPE is badly needed. Nursing homes are lacking staff, not only in USA but all over the world. +* The 8B bridge contract is to be awarded in January 2021.(update: courtcase lost sadly [https://mrscorp.com/mission-ready-provides-corporate-update-otcqb-listing-soe-appeal-ceo-address/](https://mrscorp.com/mission-ready-provides-corporate-update-otcqb-listing-soe-appeal-ceo-address/) ) It will consists of the 2 new SOE players and hopefully Unifire/Quantico in the mix. Unifire has really improved the relationship with the DLA in the last 6 months, it appears. In terms of contract values awarded in 2020, Federal Resources was number 1, Atlantic Diving Supply was number 2 and Unifire 3. Big growth trajectory. +* What is going on with the investor deck for MRS? It was taken down late October and nowhere to be seen. I am thinking we see it early January perhaps along with a new site. +* Company mentioned that they may upgrade to OTCQB but it is very likely they just directly to OTCQX which they qualify for. Buck did mention underpromise and overdeliver, unlike Jeff's mantra, overpromise, underdeliver. +* Bratton and Spider Marks on Board of Directors is very telling. Two big names on such a small venture company is definitely an eye raiser. +* Q4 will be the biggest quarter in the company's history and it is ending today. Q4 will have revenues of $38M minimum plus the $50M+ on top of that according to FPDS. Likely Q4 is about 90M surpassing all of revenue up to Q3 of $62M. Gross profit range, 7-8%. +* Protect The Force has nothing to show for all year. The Ballistic Combat Armour industry keeps increasing, projected to be 27B in 2021. The company will truly propel to new heights if they could get a body armour contract. +* Options for the board of directors have been granted. Now we may see the management accelerate considering the incentive is there. +* ITG seems to be our market maker with some big purchases this week. They're there to promote liquidity and it has been apparent lately. +* The total shares outstanding have been reduced from 230M under Jeff to 213M under Buck. The current share structure is 189M with 45M + 20M options belonging to insiders. The majority of holders of MRS have huge positions and are hesitant to let go. This stock may accelerate quickly once the Americans are allowed to buy freely without worrying about selling. + +**Financials** + +**Results of Operations for the Nine Months**Ended September 30, 2020 The Company’s gross revenues for the nine months were **$62.44 million,** an **increase of $54.72 million from the $7.72 million realized in the same period in 2019**, a **709%** increase. This is a direct result of the closing of the acquisition of Unifire and reporting the revenues of Unifire from April 2019. The Company recorded a cost of goods sold of $56.90 million for the period ended September 30, 2020 compared to $6.45 million in 2019. The **gross margin was 8.87%** for the period. . The Company derives approximately 97% of its revenues from customers and clients where the end customer is the US Department of Defense, law enforcement or private security + +MY DD + +[https://docs.google.com/document/d/18nIyRsuGZia80zIdD5mcR9QrTV1O5DJk51u2z0GOykY/edit#](https://docs.google.com/document/d/18nIyRsuGZia80zIdD5mcR9QrTV1O5DJk51u2z0GOykY/edit#) + +GOOD DD + +[https://wealthhub.ca/mission-ready-solutions-is-more-than-ready/](https://wealthhub.ca/mission-ready-solutions-is-more-than-ready/) + +Mission ready solutions discord + +[https://discord.gg/8UD5UsPM5V](https://discord.gg/8UD5UsPM5V) + +Last time i tried posting people bombarded me about the balance sheet, the debt people see on the balance sheet is servicing debt, they take from a line of credit to buy the items for the contracts and when the items are delivered they collect the money from the customer and anything extra after paying back their line of credit is profit[http://www.mrscorp.com/mission-ready-announces-q2-2020-results-provides-corporate-update/](http://www.mrscorp.com/mission-ready-announces-q2-2020-results-provides-corporate-update/) + +&#x200B; + +valuation coming from [https://simplywall.st/stocks/ca/capital-goods/tsxv-mrs/mission-ready-solutions-shares](https://simplywall.st/stocks/ca/capital-goods/tsxv-mrs/mission-ready-solutions-shares) + +[currently at 30C](https://preview.redd.it/o80yb3pc25c61.jpg?width=4032&format=pjpg&auto=webp&s=b3a4669c424638d74257c5f1b5346ee90071aef2) + +current price now at 30c + +This is not financial advice dyodd +Hi everyone, a majority of friends and family live in Denham Springs and East Baton Rouge and 75% of us have lost everything. We are in the 500 year flood zones, so i would say only 10% of us have flood insurance. I know that FEMA will come in and issue grants of up to $32,000, but what else is there to do to recover financially from this? +It has never quite hit me that something like this has the potential to wipe out not only our homes, but our lively hood. How do we afford to erect another house? Do we have to get a second mortgage? We have so many questions this early on and are still wading though the waters and waiting for them to recede to even start accessing damage and do clean up. What are the most important steps we need to take early on to start the rebuilding and recover process for both our home and our community? + +Thanks for any help and recommendations. + +Edit: Thanks for the overwhelming responses from well wishers and informative posters. I am going to share this information with as many as i can in the coming weeks. Just a side note of something we have observed through this time is how essential taking care of your neighbors has been. 90% of the recovery in my part of East Baton Rouge was done by volunteers in private boats, jetskis, canoes and kayaks. Huge financial losses incurred by everyone, but such a minimal loss of life is something to always be thankful for. Stay safe out there! + +Edit 2: This post is not just for my own personal knowledge. I placed it up for others in my area and future flood victims to see. There are always going to be events and challenges in life that will extend beyond your scope of knowledge and level of preparedness. Note that I firmly believe in having FLOOD INSURANCE, no matter where you live. However, know that most people like many of my family and neighbors were told as they were building or bought there house that they did not need it. 95% of these houses are no where near the rivers that are flooding. They are over a mile away. Its a tough sell on a lot of people to have the foresight for this type of event. It not just the obvious larger rivers, or small ones that are causing the floods.Its the innocuous little lakes in neighborhoods,creeks backing up and ditches overflowing. It is a hard lesson for many people to learn. As you see future events and tragedies unfold, always maintain a healthy layer of optimism and don't be quick to make sweeping generalizations. So much time and energy is wasted in negativity when so many people are without a bed to sleep tonight and have lost everything. Note again, I FIRMLY believe in FLOOD INSURANCE and all of the other things that shield you from a catastrophic financial hit like this...I visit this sub quite often.It just so happens i don't make all of the financial decisions for my parents,relatives, and neighbors. I hope this post will serve as a tool for those who need it during a time of need and as an informative warning for those who think they are immune to natural disasters. No matter how off the possibility, you should always be prepared and protect yourself physically and financially to the best of your ability. Peace of mind is a hell of a thing when you are being airboated out of your home. + +P.S. This is an informative post and a vital resource. Lets keep it that way. Think a little longer before you post something like " Don't live in a flood plain. " You don't know the area,you don't know the people, you don't know their situation or why they are there. All that should matter is providing support and relevant information to people who need it. + +Thank you a million times to everyone who has given their time,expertise, and opinion. Shining a little light on how to navigate the recovery process has been a relief in so many ways. + + +I LOVE this sub and it has helped me in many ways. I feel like I've learned a lot over the past couple years, navigating being poor as hell as an adult, and this sub has genuinely helped so much. + +&#x200B; + +However, it really bugs me to see the constant suggestion of buying a beater car instead of having a monthly car payment. My car payment is $330 a month and it's a nice car I feel \*SAFE\* in, and has an extended warranty where if anything is wrong with it at all the place I bought it from will absolutely take care of it for, at most, $20. + +&#x200B; + +I have gone through 4 beater cars in the past couple years that have cost me way more than my leased car and, truthfully, almost cost me my dang life a couple times (electrical problems, a tire blowing out on the freeway right after I bought the car, things like that). I was constantly stressed about if my cars would start, etc, etc. + +&#x200B; + +My last car was a 2003 VW Passat Wagon I bought for $1200 and it had like zero traction control and nearly killed me every time I had to drive in the damn rain (I bought 4 new tires for the car, too). + +&#x200B; + +I'll take the $330 a month payment for a used 2015 Dodge Dart w/ navigation, back up camera, and (mostly importantly) peace of mind over a beater car any day. Just my two cents as a poor girl with shit credit who requires a vehicle lol. +Front page of coinmarketcap right now... Almost 98% of coins are GREEN. How the FUCK is this shit possible and how the FUCK is it sustainable? At what point does the bubble burst? Put your money into any random alt shitcoin and it's bound to go up. This is scaring the fuck out of me... About to move everything into ETH. +Do you guys see any possible crashes within the next few weeks in btc or eth? And would it be a wise time to invest in either if a crash does occur ? Im loving ETH but dont know when to invest exactly. price seems a little too high right now +[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/) +sadly my dad passed away 6yrs ago and left me a decent bit of cash. was sat in my bank and then after seeing inflation figures last year I thought it would be safer in bitcoin. + +stupidly told my family about my decision and now they think I'm a stupid idiot who gambled away his inheritence. + +In my head Ive done the smart thing, wish I could make them see it that way. unfortunately In their opinion im selfish and irresponsible. + +urghh, if anyone reading this has intentions of investing into bitcoin or investing in general, keep it to yourself! +I'm in my 40's and just about checked out with high stress jobs and the corporate world. I have enough money saved up to take a substantial pay cut and coast for 5 to 10 years and retire comfortably. Anyone thinking the same about phased early retirement where you work low stress lower salary jobs once you are mostly financially secure? I'm looking for suggestions for second careers that could meet these definitions. Easy/low stress jobs, 40 hours a week, 50k+ in income preferred but not necessary. Probably could do fine with minimum $30k a year. +Hello, + +I have $250K to invest. Need some advice. I'm in my early 50s, live in central Texas and have 2 kids(10th grader & 7th grader) to put through college. Also I plan to retire soon. + +I have maxed out on my retirement contribution at work. I met with a Fidelity adviser and he suggested either a Fidelity annuity(retirement account) or Non-retirement brokerage account. + +The non-retirement brokerage account with adviser has a 1% annual fee on the invested amount. Any suggestions, which way to go or how to invest this? Thanks. +Hi all! I want to make this post short. I inherited ~$500k between life insurance money and an inherited-IRA. I also inherited my childhood home, no mortgage. I am 28 years old, unable to work more than 10hrs/wk due to my disability, but I have not applied for benefits. I need this money to generate passive income for as long as possible to help me survive given my limited working capacity. Which types of questions should I be asking the CFPs I plan on meeting with? I am vulnerable from the recent loss of my mother and have a lot swimming around in my head. My entire future depends on this money being managed correctly. I am worried about being too complex of a case for a CFP to properly guide me, but that could also be my trauma speaking. Thank you for your time! +My wife and I will be inheriting $90k in the coming months. Additionally, we already have about $100,000 saved in cash/brokerage account and then $54k in student loans that are in forbearance. We are currently renting in a HCOL area ($1700/month), hoping to buy a home in the near future ($500k-ish) to potentially house hack by renting out a basement. + +Off that bat, I was thinking we'd finish maxing out both our Roth IRA's for 2021 and then for 2022 come next year. And then set aside $15k for an emergency fund. **That would leave us with $157,000 left.** + +What would you do after that? We've thought about either paying off the loans completely or at least paying down a good chunk and then refinancing them at a 3% rate. We're also split on either putting 20% down on a house in the summer of 2022 or possibly a smaller payment with rates and PMI being so low. + +&#x200B; + +*Other:* + +Currently saving about $3k/month + +No 401k's, but I have a SEP IRA + +Late 20's + +No other debts. +As I run across younger investors who've been in the market for ten years or less, I see a common trend. Most have close to 100% of their investments in stocks. Most of that money is in U.S. funds. + +And that's been the place to be since the financial crisis of 2007- early 2009. + +Those of us who've been around for a bit remember the "lost decade" for U.S. stocks. From 2000 - 2009, the S & P 500 had a cumulative return of -9.1%. Yup. That's for a decade. + +You might be asking, who cares? Fair enough. + +Here's why I think you should care. International stocks have stunk up the place for the last several years. Anyone holding anywhere near a market weight of international has underperformed since the financial crisis. Maybe by a lot. + +There's a chart in my recent article that shows what international stocks did during the "lost decade" described earlier. If you're in it for the long haul and don't own international stocks, it may be time to consider adding some. We cover the data in the article. + +[Why Investment Diversification Is Important for Success](https://moneywithapurpose.com/why-investment-diversification-is-important-for-success/) + +I'm sure many will disagree. That's OK. I look forward to the discussion. +Hi, first I want to say that I really love this community and all the valuable advise you can find here. So thank you in advance. Now to my question :) + +I bought a house on an off payment plan. This means the house is still under construction and handover will be in 2 years. I made a 25% down payment and will start with 5% payments each three months from next year April ongoing. Until handover I only pay 50% of the total price. After handover I continue paying for 3 years with around 5% each three months. + +I can afford the payments but I was wondering if it would be better to take a mortgage with around 6% interest and 30 years (I know it’s a high percentage but apparently normal in the UAE but feel free to share the percentage with which it would make sense) to make my monthly payments lower and be able to invest the money I can save each month in an index fund/ETF (I am in VOO, don’t pay any tax on it)? +My new job has a 401k that you can enter into only twice a year- January and mid year. I have missed the mid year mark so that will leave me with not being able to enter until January. + +I already max out my Roth IRA but is there anywhere else I can park money for the next 5 months? A different account I can open during this time so that I don’t simply have to stop investing for my retirement? + +For more reference, I’ll be a front office coordinator at a physical therapy location. So I’m not going to be self employed. +&#x200B; + +[SEC announcement of meeting](https://preview.redd.it/hmjpikxdprr61.png?width=824&format=png&auto=webp&s=35c0948559a039034ef832dedbb8eb766761623b) + +Here is the announcement of the SEC meeting happening on 4/8/2021. I think this is going to be a step in the right direction for this situation and we will probably see DTC-2021-005 and DTC-2021-002 being approved by the SEC along side this meeting this week. Just hold tight boys. This meeting has to do with the Sunshine Act. Here is a brief covering of the Sunshine laws: + +&#x200B; + +[Sunshine Laws](https://preview.redd.it/77zuo4xnprr61.png?width=980&format=png&auto=webp&s=9418d4671275fbac6fbb7682a35f6ecc87a625aa) + +I think this bodes well for GME. They are actually going to meet about action tomorrow, we could see some big news coming in the following week. BUY and HODL APES. + +&#x200B; + +TL;DR: + +Buy and Hodl because the SEC is charging up their final swing. +Okay, I do not know much about finances, and I don't know much about money. I save it, I don't spend it, yadda yadda. And obviously the economy is in the pits, and not coming out anytime soon. BUT sometimes I wish...will there EVER be another time like the 20s? I'm 19 years old- do you think before I die there will be a time when the American economy is thriving? +I’ve spoken to many brokers, banks etc… they all say don’t invest in a unit. + +No capital growth and strata fees are killers. It doesn’t quite make a lot of sense to me. + +Anything else I’m missing? +Buckle up for the ride Australia. + +[https://www.smh.com.au/politics/federal/rba-holds-rates-steady-as-it-gauges-economic-fallout-from-virus-20200407-p54huh.html](https://www.smh.com.au/politics/federal/rba-holds-rates-steady-as-it-gauges-economic-fallout-from-virus-20200407-p54huh.html) +Dave Kleiman’s estate just filed a claim against Craig Wright. The lawsuit was filed by Boies Schiller Flexner lawyers Devin "Velvel" Freedman (https://www.bsfllp.com/lawyers/velvel-devin-freedman.html) and Kyle Roche (https://www.bsfllp.com/lawyers/kyle-roche.html). It claims that shortly after Dave' death, Craig employed an elaborate scheme to steal between 550K and 1.1M bitcoins and other intellectual property owned by W&K Info Defense Research LLC - a Florida company Dave owned. + +The complaint publishes documents evidencing a long history between Craig and Dave, including documents demonstrating their early involvement in Bitcoin mining. Interestingly, while the complaint discusses Craig’s claim to be Satoshi, it seems to really focus on evidence Craig and Dave mined bitcoin – as Satoshi’s identity is irrelevant to whether Craig stole from Dave. + +Craig’s twitter silence is deafening... + +Complaint: https://www.scribd.com/document/372445546/Bitcoin-Lawsuit +Exhibit 1: http://www.lrb.co.uk/v38/n13/andrew-ohagan/the-satoshi-affair +Exhibit 2: https://www.scribd.com/document/372445131/Exhibit-2 +Exhibit 3: https://www.scribd.com/document/372445130/Exhibit-3 +Exhibit 4: https://www.scribd.com/document/372445139/Exhibit-4 +Exhibit 5: https://www.scribd.com/document/372445132/Exhibit-5 +Exhibit 6: https://www.scribd.com/document/372445133/Exhibit-6 +Exhibit 7: https://www.scribd.com/document/372445134/Exhibit-7 +Exhibit 7A: https://www.scribd.com/document/372445135/Exhibit-7A +Exhibit 8: https://www.scribd.com/document/372445137/Exhibit-8 +Exhibit 9: https://www.scribd.com/document/372445138/Exhibit-9 +Exhibit 10: https://www.scribd.com/document/372445144/Exhibit-10 +Exhibit 11: https://www.scribd.com/document/372445141/Exhibit-11 +Exhibit 12: https://www.scribd.com/document/372445140/Exhibit-12 +Exhibit 13: https://www.scribd.com/document/372445151/Exhibit-13 +Exhibit 14: https://www.scribd.com/document/372445147/Exhibit-14 +Exhibit 15: https://www.scribd.com/document/372445142/Exhibit-15 +Exhibit 16: https://www.scribd.com/document/372445145/Exhibit-16 +Exhibit 17: https://www.scribd.com/document/372445146/Exhibit-17 +Exhibit 18: https://www.scribd.com/document/372445149/Exhibit-18 +Exhibit 19: https://www.scribd.com/document/372445148/Exhibit-19 +Exhibit 20: https://www.scribd.com/document/372445150/Exhibit-20 +They tried crashing the stock and we held. + +They tried shutting off the fucking market and we found a way to buy more. + +They lied on social media about closing their short positions and we made memes about it. + +Next, they'll try to wait us out. The price went sideways today. We all expected the gamma squeeze to start and it never materialized. And that is by design, because now it's a psychological game. Now they want us to see the squeeze fail to materialize, day after day as they extend their positions, in the hopes that we get bored and give up. They are trying everything they can to make sure that this doesn't look the same as the VW squeeze, so that we decide that we miscalculated, or that this isn't happening. + +Fuck that. + +Remember that every day that goes by without settling their shorts they are bleeding interest payments on borrowed stock. Remember that every day that goes by without them closing their position the pressure mounts. Remember that *time is on our side, not theirs*. + +They can gargle my balls if they want my shares for less than $10,000 each, and I'll wait as long as it takes. + +But this isn't financial advice, do your thing. I just like the stock. + +EDIT: fuck, forgot 🚀🚀🚀🚀 +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +**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) + +**​**[**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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs +[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/) +My Mum was worried about leaving me and my sister in a financial hole when she dies, so set up a trust with some money in to pay for inheritance tax on her estate when she dies (although this is not something we are expecting to happen soon, she is getting on a bit so could happen) + +However I have a feeling she was probably mis sold the trust / doesn't need to keep her money in trust, and as her account has already been passed around a few providers in the last few years, I'm a bit worried the money will disappear / be hard to trace, as well as being informed that all trusts now have to be registered with the government, even ones that don't make any money, I was wondering if it would be better to dissolve the trust and just keep the money in a my Mum's savings account instead? + +The situation is: + +\- She lives in a fully paid off house that is probably worth around £450k - £500K, and has some liquid savings probably less than 100K. + +\- She lives with her partner and they are not married. Her partner pays her some rent and they share the bills but he doesn't have any claim to the house. If she dies before him she would like him to be able to stay in the house for 1 year to give him time to grieve and find another place to live. (he has said he doesn't want to stay in the house indefinitely without her as it would be too large for him) + +I think wanting her partner to stay in the house for a year after her death is the main reason why she wanted to set up the trust, as she was under the impression that the inheritance tax would be payable immediately. However from reading this sub, I was under the impression that as executioner of the Will, I would have up to two years to execute the Will and inheritance tax would only be owed after point? + +Am I also right in thinking that as executioner I could use some money in my Mum's savings account to pay for her funeral expenses, and also the money in her accounts to pay for inheritance tax if it took a long time to sell the house / we wanted to give her partner more time to move out? + +\*\* Edit \*\* + +Apparently my Mum set up a Gift Discretionary Trust for the purpose of paying IHT and any costs associated with her death. + +To add additional context, her father died young and suddenly and left her in a bit of a mess. She didn't want to do the same to us, but also didn't want to leave her partner in a mess and having to move out immediately, which is probably why this idea came up. i.e. if the inheritance tax is taken care of we wouldn't have to sell the house ASAP as we'd probably struggle to pay the tax due without taking on loans before the house is sold. +whats good lads ..absolutely on my butt atm with no pay till the 14th, whats the best payday loan site that can help a brother out, ran out of food yesterday, due to top up my electric soon etc, the list goes on +I was doing well, then got way too greedy with trades. + +Started going against my strategy, averaging down when things got too rough and blew up over 90% of my trading account. + +I want to give it another shot. When I stick with my strategy Im quite profitable. Thing is I frequently have dips where I stray from it and then everything goes to hell. This time has been far worse than others. I’ve been 50% down before but was able to get it back. + +So I want to throw in a few more grand to try again and if this time doesn’t work out, I’ll likely stick with long term/index fund investing. + +Any tips would be greatly appreciated. +Hey Reddit! You might remember my post from a couple years ago: [Warren Buffett Value Investing Cheat Sheet](https://www.reddit.com/r/investing/comments/9ur0g6/warren_buffett_value_investing_cheat_sheet_a/). + +After I discovered the power of the checklist, a few criteria quickly grew into a quantitative handbook. Investing with a checklist saved me time, decreased stress, and improved my returns. + +Below is the complete version of the well-received Investing Cheat Sheet.  Are there any other criteria I'm missing? What metrics do you look for? I'm specifically interested in fleshing out the impact checklist (Sustainability). + +Note: You will not find a company that fits EVERY criteria. The aim is to build portfolios targeting individual checklists (factors). Portfolios targeting individual checklists should give you good diversification, especially if invested across geographies. + +11 CHECKLISTS in this post: + +1. Value +2. Efficiency +3. Health +4. Dividend +5. Growth +6. Ratings +7. Technical +8. Management +9. Impact +10. Performance +11. Questions + +I put the checklist into a pdf which you can grab here [here](https://bit.ly/InvestingCheatsheet) if you want (I also go into more detail on backtested results) + +&#x200B; + +# THE VALUE CHECKLIST + +☐ Price / Earnings < 15.0 + +☐ Price / Book Value < 1.5 + +☐ Price / Sales < 1.5 + +☐ Price / FCF < 15.0 + +☐ PEG < 1.0 + +☐ Price / TBV < 0.7 + +☐ Price / NCAV < 1 + +☐ EV / EBITDA < 8.0 + +☐ Current P/E is <40% of 5yr P/E High + +☐ Current P/E is <80% of 5yr P/E Low + +☐ Margin of safety below Intrinsic value > 30% + +☐ Intrinsic Value / current price < 0.7 + +# THE EFFICIENCY CHECKLIST + +☐ ROE > 30% + +☐ ROA > 15% + +​​☐ ROTA > 20% + +☐ ROIC > 20% + +☐ ROCE > 20% + +☐ ROIC-WACC > 0.2 + +☐ Inventory Turnover > 4.0 + +☐ Accounts Payable Turnover > 3.0 + +☐ Accounts Receivable Turnover > 5.0 + +☐ Pre-tax Margin > 15% + +☐ Free Cash Flow Margin > 10% + +# THE HEALTH CHECKLIST + +☐ Current Ratio > 1 + +☐ Quick Ratio > 1.5 + +☐ Flow Ratio < 1.25 + +☐ Liabilities / Equity < 0.8 + +☐ Debt / Equity < 0.5 + +☐ Debt / EBITDA < 4.0 + +☐ Debt / TBV < 0.7 + +☐ EBIT / Assets > 20% + +☐ Debt / NCAV < 2.0 + +☐ Long-term Debt / Working Capital < 2.0 + +☐ Interest Coverage Ratio > 8.0 + +☐ FCF / Sales > 8% + +# THE DIVIDEND CHECKLIST + +☐ Dividend Yield > 2% + +☐ Dividend Yield > ⅔ the AAA Bond Yield + +☐ Number Of Consecutive Years Increasing Dividends > 9 + +☐ FCF / Dividends Paid > 2.5 + +☐ EPS / Dividends Paid > 2.5 + +☐ Payout Ratio < 40% + +☐ No Dividend Cuts In The Last 10yrs + +# THE GROWTH CHECKLIST + +☐ Earnings Yield > 12% + +☐ EBIT Yield > 12% + +☐ # Of Years Where Earnings Growth <2X Federal Bond Yield < 2 + +☐ FCF Yield > 10% + +☐ Forward P/E / Trailing P/E > 1.1 + +☐ Operating Cash Flow > EPS + +☐ # Of Years With Declining EPS < 2 + +☐ Current EPS / EPS 10yrs ago > 3.0 + +☐ Earnings Misses in the Last 24 Months = 0 + +# THE RATINGS CHECKLIST + +☐ Altman Z-score >= 3.5 + +☐ Piotroski F-score >= 7.0 + +☐ Beneish M-score < -3.0 + +# THE TECHNICALS CHECKLIST + +☐ Positive 1-month price momentum + +☐ Positive 3-month price momentum + +☐ Positive 6-month price momentum + +☐ SMA 50 > SMA 200 + +☐ EMA 12 > EMA 26 + +☐ RSI < 30 + +☐ Positive HMA + +# THE MANAGEMENT CHECKLIST + +☐ Management shareholding > 10% + +☐ Management have bought more shares than were sold in last 3 months + +☐ Management Compensation growth rate < Revenue Growth Rate + +# THE IMPACT CHECKLIST + +☐ CDP Climate Score = A + +☐ Total ESG Risk Score > BB + +☐ Beneish M-score < -3.0 + +# THE PERFORMANCE CHECKLIST + +Look at the last 10 years of data, year over year and make sure there is low volatility and high growth for: + +☐ Sales + +☐ Earnings + +☐ Book value + +☐ Free cash flow + +☐ dividends + +☐ Return on equity + +☐ Current ratio + +☐ Debt / equity (declining) + +☐ Net margin (declining) + +☐ Inventory turnover + +# QUESTIONS + +Stay away from qualitative judgement as much as you can. But if you must: + +☐ Can I say in one sentence what the company does? + +☐ Does the company have a competitive advantage / moat? + +☐ Does the company have few / no competitors? + +☐ Is the company within my circle of competence? + +☐ Have I read at least the most recent earnings report? + +☐ Do I trust / like the management? + +☐ Does the company have a credit rating of at least BB? + +☐ Do I like this company? + +☐ Is the company ethical? + +☐ Does this company give me international exposure? + +☐ Will this company be around in 20 years? + +☐ If the stock market closed tomorrow for the next five years, would I still buy this company? + +☐ Will this company help diversify my portfolio? + +☐ Does the company treat its employees well? + +☐ Are insiders buying shares? + +☐ Is the industry and company sustainable? + +☐ Is the company still growing? + +☐ Are analysts optimistic about the company? + +☐ Is the stock "screaming" cheap? + +☐ Can I say in one paragraph why I am buying this company? + +☐ Do I have an exit strategy? + +&#x200B; + +# HOW TO BUILD A PORTFOLIO WITH THE CHECKLISTS (6 Steps): + +Step 1. Choose the amount to invest *(eg. $10,000)* +Make sure you've thought about: + +* Have a six month emergency cash pile +* Pay off high interest debt first +* Eliminate your worst spending habits +* Think about your time horizon +* Max out your pension contributions + +Step 2. Choose your markets *(eg. US - All industries)* + +* Industries +* Countries + +Step 3. Choose the company size *(eg. Microcap)* + +* Nano-cap (<$50M) +* Micro-cap (<$300M) +* Small-cap (<$2B) +* Mid-cap (<$10B) +* Large-cap (<$200B) +* Mega-cap (>$200B) + +Step 4. Filter based on the checklists above *(eg. P/S < 1 and Positive 3&6-month Momentum)* + +Step 5. Rank the remaining companies by another metric *(eg. Rank by 1-Year Price Momentum)* + +Step 6. Pick & purchase stocks from the top of the list *(eg. Purchase top 25 stocks)* + +Backtested results: $10,000 invested in 1965 into the strategy above would have grown to $95M today. An 18.1% annual return. The S&P500 would have returned $1M in the same period, an 8.79% return. + +&#x200B; + +This took me a long time to compile... I hope you derive value from it. Enjoy! +**OK its time!!!!!** + +Goal was to FIRE by 50, Im am currently 49 and 3 months. + +Handed my notice in to current employer and will finish up second week September. + +3.1 million in property with a LTV ratio of 59% - Property self funding with approx 20K left over each year. + +Household net worth of 1.85 million + +Wife will continue to work for 2 more years as she is on a good wicket (180K+ per year) and will pay for our sons last year of uni and our daughters last year of college. + +Household budget forecast out until I am 80 (forecast being the optimal word) + +**What is my plan?** + +1. Spoil my wife and live like we are in the 1960's (just with a small role reversal) +2. Improve health and well being- currently severely overweight, taking anxiety medication and overall in poor physical and mental health (luckily active and motivated) +3. Find a side hustle - Probably buy a food truck and do 5-10 shows per year and look at having someone else operate it when I am not using it to generate passive income. +4. Develop a block of land we recently purchased by adding 2 additional townhouses. +5. Small renovations to properties to increase their value (cash my labor in for increased equity) +6. Consolidate our investments and debt so that when we are both FIRE we can travel and enjoy what we have missed from both working full time since the age of 16. + +**Concerns (fears)** + +Bucket loads - but fear has never stopped me in the past and I always advocate people taking opportunities when they present themselves (good chance to prove LUCK = preparation meeting opportunity) + +Other peoples negative views and comments (90% of the time severe envy) + +My career opportunities will be significantly reduced if I need to return as time out of the workforce and younger candidates will affect my employability. + +&#x200B; + +Bye bye to the Man!!!!! +Hi, + + I'm 23 years old and looking to invest in index funds for the long run. I've read a lot of advice and articles and it all seems very clear for US investors, I've found less advice out there for UK investors. + +I started investing in Vanguards Lifestrategy 100% Equity Fund. Now after slightly more research I seem to be leaning towards their FTSE Global All Cap Index Fund as it seems to have less of a UK-bias which I prefer. Do you see any preference between long-term investing in these funds? The next question I have is, say I have a few thousand pounds invested in the LifeStrategy Fund, and now decided I want to invest in the FTSE All Cap. I was thinking of splitting between the two. So for example if I was investing £400 a month I would invest £300 in the FTSE All Cap and £100 in the Lifestrategy. Would this be wise or would I be losing out on the cumulative effect of compound returns in any way by doing this? + + Appreciate any help or advice on what your strategy would be at my age for long-term wealth accumulation. I want to get the basics and foundations right while I'm young starting out. Thanks in advance! +The new Inflation bill will tax stock buybacks at 1% starting next year. Do you think this will impact companies decisions to buy back stocks? Will companies rush to buy back before the end of the year? + +What other ways will companies use the money if not buy backs? +Has anyone here had the experience of effectively having to "start-over" on the path to FatFire? + +Low-30s, married, no kids. NW - $2mm (markets have hurt); W2 income - $1mm. Aside from a mortgage, also have a business loan that is personally guaranteed that is \~$1mm that was used to fund a side-business. + +Given the macro-environment, and the "start-up" nature of the business (launched within the past year), feeling increasing significant anxiety about my financial position. I took what was a "sure path" to FatFire (meaningful savings, high earnings from both myself and wife) and jeopardized it with this "side-hustle" bet on a side business. (Underlying rationale for this at the time was some combination of lack of fulfillment from day-job, wanting more ownership, and some greed for accelerating wealth accumulation without really appreciate just how hard / stressful small business ownership really is). + +It's been very tough emotionally - most of all the current feeling of acute regret of having "risked" what was a very privileged position to have been in and now risking a significant portion of my life savings to date. It's common to say that people more regret the shots they didn't take rather than the ones they did and failed... I think that'll still be true at the end of my life but in this moment there's a healthy dose of regret/fear. + +Curious about this crowd - has anyone experienced significant "set-backs" on their financial journey in their 30s / 40s that can identify with this experience? How did it feel at the time? How did you cope? And how did everything turn out? +If someone comes a long and says “I invested $10k in (whatever coin)”, that may sound like someone really believes in that coin, but that may also be a very insignificant amount of money to them. I want to know what kind of risk people are taking. How much does this money mean to you? I think people are lost in dollar amounts. I see people here asking all the time “Is it worth buying $100 of Bitcoin?” I have no idea. What is $100 worth to you? If you believe BTC will double and $100 is your net worth, than you’re going to double your net worth. + +How much you spend on a particular coin is largely irrelevant. You need to be focused on what percentage of your income that risk represents. That’s how you factor risk. Comparing your dollars to someone else can be completely meaningless if their net worth is drastically different than yours. I think it would be great if more people were saying “I invested 5% of my monthly income into X”. That’s much more of an indication of how they really feel about it. +Please do NOT fall for Hedge Fund tricks. If there is a sell order tomorrow for 200,000 it is NOT DFV. There was just a shill posting on here that his PREDICTION for tommorrow is that DFV sells all 200,000 shares. So be ready for this TRICK. DFV is the KING. He is not selling + +They are going to try EVERYTHING they can to shake us. Especially trying to take down our heroes. They would love to split us apart and break our confidence by making it look like DFV sold. We know that is a lie. So do not fall for it + +Edit #1 -- I did not link the shill post because I did not want to give it visibility but since some are saying I am a shill here is the link [https://www.reddit.com/r/Superstonk/comments/mts607/tomorrow\_prediction/](https://www.reddit.com/r/Superstonk/comments/mts607/tomorrow_prediction/) +Just curious, how $RIGL does not receive any recognition? Only Pharma with DoD endorsement/Funding at phase 3. Still under $5 with 100% buy + +When I first joined RH, now on ThinkorSwim, I went through top rated companies and $RIGL was one of the lowest with highest buy price at RH gold analysis. + +Yes I’ve had multiple bangers lucky me on $FCEL and $BNGO + +[FCEL](https://imgur.com/a/U0j2lKw) + +[BNGO](https://imgur.com/a/NkFYMnB) + +I am lucky to have some college friends who are at Scripps (internal med Dr), Illumina (Data Scientist), Stanford (anesthesiologist), USC general hospital (Surgeon). They all only have FAANG stocks but helps me do my DD. + +Now back to Rigel, this company has been Solid gain for me for last 2 months slow but surely. When my friends helps me I provide 50+ pharma companies and they look at Clinical trial data to see if pre to phases are promising, next product market size, the competitors, and the management. + +RIGL has multiple bangers here, Rigel Pharmaceuticals is aiming its immune thrombocytopenic purpura treatment Tavalisse (fostamatinib) at COVID-19. Rigel has initiated a Phase II study for Tavalisse that is being supported by the National Institutes of Health. The primary endpoint of this study is cumulative incidence of serious adverse events (SAE) through day 29, with multiple secondary endpoints designed to assess the early efficacy and clinically relevant endpoints of disease course as well as in vitro biological correlatives evaluating the effects of the drug on pathways involved in the pathophysiology of COVID-19. Topline data from the study is expected in April. + +Additionally, Rigel launched a Phase III clinical trial to evaluate the safety and efficacy of Tavalisse in hospitalized COVID-19 patients without respiratory failure that have certain high-risk prognostic factors. moderna or Pfizer vaccine is to prevent contracting Covid, which mNRA is completely useless after having COVID-19. + +If you read above statement, RIGEL is also supported by NIH (National Institutes of Health) + +Recently Department of Defense funded RIGEL for clinical testing on Spleen tyrosine kinase (SYK). + +[ARTICLE](https://finance.yahoo.com/news/rigel-awarded-16-5-million-194500483.html) + +RIGL CEO is Raul Rodriguez (all his previous companies were acquired by JNJ and Pfizer) + +Education +Harvard premed +Illinois chicago Med +Stanford MBA + +[Linkedin profile screenshot](https://imgur.com/a/2XTMekp) + +[Analysts Rating](https://imgur.com/a/IhFKLES) + +[Robinhood ananalyst rating](https://imgur.com/a/9Z2eApk) + +FYI Clinical Trial is being conducted simultaneously in several other countries right now + +Writing this using my iphone hence I’ll stop here. Please do your own DD. + +(Edit) My position: Just bought now, 500 shares at $4.50. Little late but oh well... +I ended up paying $3.4k for 3 direct flights from Sydney to Bangkok, Hanoi to Singapore and Singapore to Sydney. I didn't really mind paying this since I haven't been able to travel since 2018. + +Probably could have saved way more if I decided to not go during peak time but wanted to make the most out of the 2 week Christmas shutdown period and using less annual leave days. + +So how much has everyone else been paying? +Hi everyone, i didn’t attend any auctions but a couple of interesting things in Melbourne’s inner north: + +Saw [this three bedroom apartment in North Melbourne ](https://www.domain.com.au/4-375-abbotsford-street-north-melbourne-vic-3051-2016405987) for 750-800K. Partially renovated, probs not bad but there will be construction across the road for at least two years. So no. + +Also, in a follow-up, we met a lady at a place we were looking at who owned a place on the same street, insisting it was the best in the street and bigger than all the others - which it is in size. She said they weren’t going to sell as prices were too low, complaining the other vendors on the street were driving down prices... well, lo and behold they *did* decide to sell, and by the looks of it they’re doing it by themselves, and the price reflects that. Overblown compared to others on the street, no professional photos, and interesting advertising techniques: [but you be the judge](https://www.domain.com.au/43-brickworks-drive-brunswick-vic-3056-2016391873). + +So, what did you observe in your neck of the woods around the country? +Ok so sorry if this is the wrong place to ask for help but it is my personal finance and I'm in the UK. + +I am in around £45,000 worth of credit card debt (lockdown kinda destroyed me). I run a small Ltd. Company and earnings pretty much stopped during the lockdowns so a lot of things went on credit card... well pretty much everything. + +I was on furlough through my company but that went straight onto paying for my son to go to nursery so I had no money coming in for months. + +Work has picked up again and I have been making payments on my cards but it totals about £1200 a month which is becoming unmanageable. It means that every month after paying for everything I'm left with nothing. + +I have a mortgage on a part buy part rent property. Again I haven't missed any payments. + +I've looked into getting an IVA for all my debts but as the total debt is under £50000 and I have equity in my flat I can't get an IVA. + +I just don't know what to do or where to turn. I've looked at getting a loan against my property but I've been told I don't have enough equity. My credit rating isn't great as I'm using so much of my available credit. So trying to get a loan to consolidate my debt isn't really available for me. + +I can't get a recovery loan through my buisness because there's not enough liquidity as everything that comes into the buisness goes out again to pay my credit cards off. + +I just don't know what to do. I don't want to loose my home. I can't sell my car as I need it to work to earn money to pay off the debt. I just don't know what to do anymore. + +EDIT: +After bring asked here's some more info: + +Individual cards and debt amount: + +Barclaycard 1: £9380 +Barclaycard 2: £1626 +Nationwide: £2435 +MBNA: £10419 +Sainsburys bank: £10031 +Virgin 1: £5071 +Virgin: £1600 + +Interest for each is around 24% + +My income is around £3500 but that is eating into any money I had saved to pay for tax. + +Regular expenses works out to be around £3000 that includes mortgage and rent. + +My monthly payments on all the cards is around £1127. + +I know that the maths doesn't work out with how much I have left with income and how much I have coming out. And that's the problem. + +EDIT: OUTGOING: + +Mortgage: £307 +Rent and service charge: £751 +Home insurance: £12 +Gas + electric: £65 +Car insurance: £54 +Water: £21 +Council Tax: £116 +Child care: £650 +Groceries clothing etc.: £250 +Fuel: £150 + +I had written down an outgoing list and that's all I can find through my phone at the moment. It does work out to be around £2400 but I'm sure there is something I'm missing. I smoke so that adds about £300 at least each month (I have cut down). + +The £3500 is before tax which I don't save to pay tax as the amount I pay on the credit cards each month torks out to be about £1200 a month. + + +UPDATE: +I just wanted to say thank you all for your replies and DMs it was greatly appreciated. + +As for the update. I have entered an IVA with Payplan. Its reduced my payments on my credit cards down to £202 a month for the next 5 years. I'm not out of the woods yet but there is a light at the end of the tunnel finally. It also means that I have to stick to a nudget for the next 5 years but at the end of it I will be almost completely debt free (apart from the mortgage). Again thanks for any help that you've given and if anyone needs some advice or is going through the same thing as me please feel free to send me a message as I'd be more than happy to talk to you about my experience. +OK, so I have been tracking the Support and Resistance charts for about a week or two now when yesterday morning my wife checked it before I did and pointed out something weird about the chart. Initially, she pointed out the obvious as you can see here at to how the Support Line, Close Line, and Resistance line all three meet, but as I looked closer I noticed a weird anomaly on both sides of the chart. + +[GME](https://preview.redd.it/u9g2hb4t1ns61.jpg?width=2560&format=pjpg&auto=webp&s=dd3d1ebea2f6344643f6a0bfd1acdaf94b791b63) + +Notice anything Weird? If you look at the 52 Week High to the right it is listed as $483.00, however if you look at the high point on the resistance line on the chart it is listed at $42,805.710 and is listed at +1,255,199.40% all of which I have circled in Green. As you clearly can see, the 52 week high does not match up with the high point on the resistance line, until yesterday (Saturday 10 April 2021) this number has matched the high point of the resistance line. + +So after noticing this, I decided to dive a little deeper into other stocks and compared them. This caption is taken at the same time from AT&T which was a stock that I could think of that was not manipulated as GME or some others and here was my findings: + +[AT&T](https://preview.redd.it/t0voyfuv1ns61.jpg?width=2560&format=pjpg&auto=webp&s=1ed137d76fec8e9fbae08013367390863c0538bf) + +As you can see the 52 Week High of $33.24 matches the Resistance high point of the chart with a +13.08%. So here is a non or not so manipulated stock, you can see both the 52 Week Highs and Lows match up with each other. So to validate, I double check with another stock I felt was not manipulated Verizon and had the same findings: + +[Verizon](https://preview.redd.it/ei65rrmz1ns61.jpg?width=2560&format=pjpg&auto=webp&s=0f973ba95bdd2b8feadc678f41a3f8c2799f128b) + +Again, here you can see that the 52 Week High of $61.95 matches the high point of the Resistance line and is at +8.02%. And again you can see that both the 52 Week High and Low matches up. So, in my quest I decided to check another stock that I felt was manipulated "AMC" and see what it looked like and behold, more discrepancies. Now this one is no where near as manipulated and GME but here is what I found: + +[AMC](https://preview.redd.it/je1b0mc22ns61.jpg?width=2560&format=pjpg&auto=webp&s=6b9d5023ebd1f4e2bfcdaadcda6e5e185f2683af) + +If you look at the 52 Week High here you can see that it sits at $20.36, but again if you look at the High point of the Resistance Line on the chart it comes in at $145.788 and at +4,317.82% all in the green circles. Again, one can see where the numbers are not matching up. + +So now comes my point, as anyone can see, there is nothing as heavily manipulated as GME, and I cannot for the life of me figure out how in the world that this stonk hit $42,805.710 at +1,255,199.40%. From what I can gather, the High Point of the Resistance Line should match the 52 Week High and the Low point of the Support Line should match the 52 Week Low. But now as you all can see with GME it does not now as of Yesterday (Saturday 10 April 2021). If there is anyone who can finish putting the pieces of the puzzle together, point me in the right direction, or show me where I am looking at this wright or wrong this would be appreciated because at this point this chart is showing me that GME has at one point already hit or is currently (Hidden) at $42,805.710 which I know is not true. Also maybe some Apes with some more wrinkles than me such as u/rensole , u/WardenElite , u/HeyItsPixeL , or u/atobitt can take take a look at this and make some more sense out of this than me. Either way, this is not adding up to me. + +Edit: Thank you all so much for all the awards, but please save your money and buy some more of those sweet GME Tendies. Also, I am working on installing the Sinkorswim app so that I can possibly get some more verification on this. + +Also many people have been asking what app I am using, the pics are from WeBull Level 2. + +Edit 2: Screenshot taken from Wednesday 7 April 2021 added to show difference in data between now and a few days ago. Note how the 52 Week High of $483.00 is much closer than the Resistance High point of or about $347.510 @ +12,311.07%: + +[GME 7 Apr 2021](https://preview.redd.it/sr5pcgm52ns61.jpg?width=1440&format=pjpg&auto=webp&s=b37ae0043a0befd12a13ebc64e990ca1a6bbd757) +My car is important to me. I use it to get to work- there are no bus routes that stop off within 2 miles of my work- I use it to travel to and from family who live 2.5 hours across the state, and a boyfriend who lives about the same distance away. Recently, I had to take in my 2004 Ford to the shop because of a worrying sound I started hearing when driving. + +When they called back with the inspection results, it turned out to be a pretty standard part and repair. But being a college student working 2 jobs and going to class full time, before saving, this probably would have broken me and forced me to either call parents or family members to loan me money, or to dive into my credit card allowance even further, causing me more worry. but I had the money this time, and I even got myself a pair of better tires on top of that, since I needed new ones for the snow that is sure to come down heavily in the next few weeks. + +Altogether it cost me $800, which was just about all of my savings. But I'll still be able to pay rent and my bills for this month which is a completely satisfying relief, especially knowing that I'll have a reliable car again that'll hopefully last me a few more years of commuting. + +Thanks to this sub for all the helpful tips I've picked up! I owe it to you guys. +I used to use account aggregator services like Personal Capital or Mint but I came to have security concerns with these services. Ultimately they're storing your username and password in a database somewhere so they can login as you and screen scrape from your financial institution. I'm sure that username password combinations in their database are encrypted and everything is up to snuff from a legal standpoint but if an attacker has access to the database they could also gain access to the encryption key and decrypt my info. Not worth it in my opinion. + +In addition to security concerns I also have privacy concerns. What will they do with my data? I know they will use it try an sell me services. Do I really want a company knowing every little detail of my finances? No thanks. + +So what do I do? It's pretty simple. I created a spreadsheet along with a once a month reminder on my phone to update my numbers. Once a month I log in to all my financial institutions and update the numbers. I then encrypt the file before saving it to the cloud. You can use tools already installed on your Mac to do this or download third party encryption software. + +What about account security at my financial institutions? This is setup for the truly paranoid. For each financial account you have use a different password autogenerated by a password manager. If your password manager is hacked though that could leave you vulnerable so I suggest you use horocruxing. You can do this by adding a particular string to all your passwords but you don't save that full password to your password manager. So let's pretend my autogenerated password is "xyz" and I use a horocrux of "redditrocks" - I autofill my saved password of "xyz" and manually type "redditrocks" after it meaning an attacker who conquered my password manager would also need to know my horocrux. + +Next make sure all your accounts have 2 factor authentication setup. Two factor via SMS is probably the weakest form as ppl can basically hi-jack your phone number to intercept the SMS so make sure you put a pin on your account - call your phone carrier to setup this up. Ideally if your bank allows it use an authenticator app but those have their own downsides which we'll get into later. + +Make sure your email is locked down. This is your most valuable asset. I recommend getting a hardware key such as a YubiKey or a Google Titan key and setting up "Advanced Protection" w/ your Gmail account. What does this by me you ask? To login into your email it would require the attacker to have the actual key in addition to your username and password. This is important b/c attackers sometimes create fake emails w/ links to fake login sites that look like the real thing where they gather not only your username and password but also your one time password from SMS/Email/Google Authenticator or whatever and log in w/ it. The hardware key can detect fake websites and won't grant access nor can the hardware key read the one time password to someone trying to fool you over the phone making it so the only way they can gain access to your Gmail is w/ your username+password+key on your keyring. + +Lastly create a secret email, use that for financial institutions. It will buy you some privacy and make it necessary for a would be attacker to figure out yet another critical piece of information. + +\*\* Also urge your banks and other financial institutions to adopt hardware keys\*\* +My gf and I are buying a used car at the weekend (17 plate). It will be our first car and comes with a 12 month warranty with option to extend it. + +I know I'm going to have to buy things like road tax, insurance, breakdown cover and later down the line MOT and servicing. Are there any other costs I'm missing? And is there a good way to get a good deal on any of these? + +Also, are there any 'hacks' (or even apps?) people use as a car owner to help find the best priced fuel, parking, trusted mechanic or anything else which will help keep a few more pennies in my pocket. + +And do I literally have to sit in the dealer carpark once I've bought it to register it with DVLA and look for the best insurance deal for us before I can even drive it home? + +Lastly, we are going 50/50 on it but she will be driving most of the time to work - who should be noted as the owner or registered keeper? And if it was her, would that stop me taking it to a garage and requesting work done to it? I'll be putting her as the primary driver for insurance. + +If there's anything I've not mentioned above, I probably don't know about it - so any help is much appreciated! + +Thank you! +My friend is looking at purchasing his first flat in Yorkshire. A lot of the flats he's looking at seem to have decreased in value over the last 15 years.. is this normal? + +I will give an example. + +There is a 2 bed flat he is looking at which sold for £150k in 2008 (land registry). However, it is currently up on the market for £130k 14 years later.. this seems to be a pattern with the other flats within the apartment building, all sold for £130-150k, and over the past 10 years, have all sold for significantly less. This also seems to be the case with other flats he's looking at. + +I was hoping someone could share some insight as to why this could be, and if it is unusual/ red flag? + +Thank you in advance + +edit: The leasehold has 101 years left. Not sure of any cladding issues, it is brickwork facade and only 3 levels high which I would assume indicates 'cladding' isn't an issue? +Something I've been struggling to wrap my head around is how automation and other technological changes may impact our society over the long time frame of my potential early retirement, and how that would impact my finances during an extended retirement. + +In the event that 30-60% of jobs become automated over a twenty year stretch without a corresponding creation of an equal number of new jobs, what happens to our society, our economy, our stock market, etc? + +If we have a decade or two of a rough transition to a highly automated society where we have persistently high unemployment, low-to-no wage growth, how does the stock market react? Does it continue to average the historical 7% returns, or does it look a lot like Japan's stock market since 1989? If so...How does that impact our FIRE plans? Were stocks in Japan still paying good dividends over that time period? + +My questions for the community are: +Is this something you're considering in your retirement plans? + +How do you think it will impact your plans, if at all? + +Is Japan a good template for what this could look like, or a bad template? If yes, how does FIRE planning look using the Japanese stock market as a template? + +Thanks for any and all input! + +*Edit: Just to get ahead of something: I'm not talking about preparing for a doomsday situation where you're worried about class warfare where the poor and needy come to kill you, eat your family, and steal the gold you have buried in your back yard! I'm more thinking about a situation of protracted economic stagnation and/or anxiety in the world markets! I didn't mean for this to look like a Financial Independence: Doomsday preppers crossover post!* + +*Also just to clarify: I'm thoroughly on the FI bandwagon. This is not meant to be a tear down post of the community! I'm just interested in hearing people's opinions on a topic I'm still learning about!* +I'm seeing a lot of dismissive attitudes to heterodox economics as well as to sociology and philosophy (almost like the STEM snobbery you might find from a physics undergrad) in this sub. For example, I've often seen posters compare non-orthodox theories to creationism in the context of biology. I'm not sure where this attitude comes from, but I would like to know what research backs it up. My background is in philosophy with a focus in analytic philosophy and philosophy of science, and my understanding is that economics' claim to being a "hard science" is controversial at best. + +That being said, where would some of you recommend I start to understand the foundations and assumptions of modern economics? I'm mainly curious in the meta or "philosophy of" aspect to economics. I'm vaguely aware of some philosophers (e.g., Don Ross) and some others who have contributed to this literature (maybe this question is better posed to /r/askphilosophy, but I'd like to hear your thoughts anyways to receive a more field-specific answer). + +Cheers. +Would I be right in saying that the law of comparative advantage applies within a country as well as between countries? For example, scenario 1 we have country A trading with the much poorer country B, allowing country A to outsource their less productive jobs and focus on things further up the chain. Scenario 2, we have country A taking in migrants from country B, these migrants do the less valuable jobs in country A and thereby free up workers to move up into more specialized roles. These seem like the same from an economic point of view, the only difference being that it will be a bit more expensive to pay the workers in scenario 2 than in 1 due to regional wage differences/minimum wage laws etc. + +Forgive me if this is not pertinent to this sub. +I'm curious about what /r/AskEconomics and economists in general think about the GOP tax reform plan. I understand that some of the policies in the bill are widely supported by economists, such as the elimination of the mortgage tax deduction and lowering of the corporate tax rate. However, what about the lowering of the top tax bracket or the analysis by the nonpartisan Tax Policy Center which found that the wealthy would receive the largest benefits? Overall, I'm curious to know about the effectiveness of this tax reform plan, especially considering it is projected to add to the budget deficit. Thanks! +Currently, in Ireland, we have a problem with rental pressure and I was wondering how it could play out in a fairly unregulated sector in the broader economic sense. Alot of millenials are caught in a 'rental trap'. I have searched online for similar situations in other countries, but I am finding it difficult to find a comparison. + +Here are some factors:- + +\- House prices are considered too high for the average worker + +\- Not enough houses to meet demand + +\- Lending requirements require a decent savings + +\- The governement appears to be backing landlords in order to solve the housing crisis. + +&#x200B; + +Thanks in advance for any thoughts. +(Just as a side note, what's rule III?) + +When sorting this subreddit by new, the questions can easily be categorised in a few ways: + +1) A post that asks for a definition (and most of them can be answered from the first sentence, maybe from the first paragraph on Wikipedia) + +2) A post that is built on a misunderstanding of a basic topic (so many questions on inflation or GDP -- these have formulas!) + +3) A post that's more fitting in accounting/finance subreddits (especially certain vocabularies that's not widely taught or known in econ) + +4) 0 math: I haven't seen a single post asking about any math from a paper in this subreddit for years, even though 99% of economics literature being published these days include top level calculus and stats/econometrics plus machine learning in more recent years + +5) A post that can be asked within 3~5 minutes of web search if it can't be answered on Wikipedia + +6) A post that can be answered by looking at the FAQ (though that's a reddit-wide problem) + +7) A post that asks a theoretical question that can't be answered because of rule II -- such research doesn't exist yet or it's a question on hypothesising about the future (communism/socialism/anarcho syndicalism etc. in year 2050?) + +However, there are challenges to this premise. Comparing /r/askscience questions + answers to this subreddit would be akin to comparing an adult to a child, because one of the the main challenge is that hard science topics are taught from 1st grade to high school, but econ is taught in *some* high schools in most (if not all) countries. This would give a much broader background for the general populace that are using /r/askscience subreddit, but that puts /r/askeconomics at a disadvantageous position. Plus, /r/askscience also takes economics questions (one of the flairs) even though there are barely any. + +In order to improve this situation, expanding on rule II to questions could also be an option. For example, a question should include/cite a paper or a news article. What do you think? + +Currently we see that with all these businesses shut down due to the virus, many businesses are struggling to survive. So much so that they need the government to bail them out or they’ll go bankrupt due to lack of cash. But this is not just for large corporations but small businesses too. + +I remember growing up, always being taught to have some rainy day funds to get me through hard times in case I lose my job. + +Why don’t businesses have that rainy day funds to help them out during hard times like this? +My question is as stated. I'm struggling greatly to understand the difference between the two, as they both seem to target imported goods in the same way (namely by levying a tax on said imported good), which obviously means that I am misunderstanding the terms. Any help for a layman would be greatly appreciated. +I'm seeing a lot of dismissive attitudes to heterodox economics as well as to sociology and philosophy (almost like the STEM snobbery you might find from a physics undergrad) in this sub. For example, I've often seen posters compare non-orthodox theories to creationism in the context of biology. I'm not sure where this attitude comes from, but I would like to know what research backs it up. My background is in philosophy with a focus in analytic philosophy and philosophy of science, and my understanding is that economics' claim to being a "hard science" is controversial at best. + +That being said, where would some of you recommend I start to understand the foundations and assumptions of modern economics? I'm mainly curious in the meta or "philosophy of" aspect to economics. I'm vaguely aware of some philosophers (e.g., Don Ross) and some others who have contributed to this literature (maybe this question is better posed to /r/askphilosophy, but I'd like to hear your thoughts anyways to receive a more field-specific answer). + +Cheers. +Sorry if this is a naive question, but it seems very arbitrary to plan shifts in policy at a pivot of 2%, and we've kept this target in mind for decades despite the changing context of inflation. In the 1980s it made more sense since our prime concern was keeping inflation low, but not too low, hence a goal of 2%. But in today's environment of QE, the inability of developed economies to sustain inflation anywhere near 2% in the long-run without ultra low rates, does it really make sense to have this aim? + +And why do we aim for 2%? Why not 3 or 4%, etc.? + +Just for clarity, I understand that in the current post-Covid context central banks are allowing for overshooting inflation to reach 5% in Europe and 7% in the US, but they've only done this with the expectation that it's transitory. If let's say we had sustained inflation, would it make sense to aim for 2%? + +Edit: I'd also be interested in knowing if there's any reasoning or evidence for economies running more efficiently or optimally if inflation is managed at 2% vs. other rates. +What effect has Chinese low priced steel really had on the U.S steel industry? + +If China does have a large impact, how is that when Chinese steel only makes up less than 3% of U.S steel imports? +It is hard to find actual numbers that describe the effect that teenage drug use has on how much a person makes later in life. I have been able to find that drug use does correlate with decreased wages and productivity, but little information about specifically teenage drug use and a more specific relationship between drug use and wages. + +Have any studies been done? + +I read some papers on new institutional economics, especially the papers by Acemoglu, Johnson regarding the development of economic and political institution, and really want to read further in this topic. Can someone suggest me papers that provide different theories regarding the development of institutions? Thank you. +I’ve been reading Greenspan’s memoirs, and his chapter about savings and investments is giving me a minor headache about a few things: +First of all, regarding the above question, does savings still equal investment because (a)savings held as reserve are not technically savings, (b)they are negligible, or because of things I haven’t considered/don’t understand? + +Secondly, he wrote that despite increases in national income and also the savings rate in China, the corresponding increase in investment has been less than proportional to the increase in savings. I can only speculate that the savings were diverted to overseas investment? Am I correct on this? + +(Sorry if these questions are basic, I’m an intended Econ major waiting for university to start) +So I’m a freshman in college who is dual majoring in Economics and Anthropology. As it stands I am trying to get into the business college for a BS in economics, while also trying to get into the humanities college for my BA in Anthropology. However, I have the option to just go for a BA in Economics, which is also in my college of humanities, and would take the load off a bit from not having to take as many business courses. Besides the fact that the BS in economics would provide me with more knowledge of the business world, is there any other real benefit to making college harder on myself? Would employers care? Would I be less capable in the work place? +I constantly hear about how free trade is beneficial because, despite some people losing their jobs, everyone benefits from cheaper goods. + +How come I don't hear the same positive things about states competing for business? If one state offers lower taxes shouldn't the business theoretically be able to offer cheaper goods/services to everyone? +I've always seen this thrown around without seeing a rebuttal for it, I'm not sure if there is much truth to this. I suspect many of the redditors here have answers. +[https://www.youtube.com/watch?v=A6VqV1T4uYs](https://www.youtube.com/watch?v=A6VqV1T4uYs) +A wealth tax to replace other taxes would have a lot of unintended consequences. + +1. Future investments that yield less than 4.5% would not be made unless incentivized. + +2. Asset prices would drop until they moved in line with 4.5% yields. + +3. Consumption would spike in the short run. + +4. Foreign investment would displace domestic investment unless foreign investment was taxed similarly. (What would appropriate taxes look like?) + +5. Massive amounts of wealth would be destroyed until a new equilibrium was achieved. + +What other consequences would there be? Could a society survive this? What would a new equilibrium look like? +I work in the tech field. People here have high wages, and the support staff for tech workers are also paid very well, relative to what they do. + +There’s loads of business process refinement, ie tech firms constantly finding ways to reduce costs by implementing new ERP (enterprise resource planning) systems (aka, SAP, azure, AWS, sfdc, etc) and refining business and supply chain processes. + +Almost sector of the economy has been able to reduce costs to consumers, while increasing quality and service. They’ve been able to reduce administrative/account/finance costs by implementing software systems like those provided by SAP/Microsoft/ etc. + +Except healthcare, and higher education, both of which have heavy levels of government involvement. But let’s stick with healthcare. + +While I’ll agree we should do what the other countries with the best healthcare systems already do (Netherlands, Switzerland) and provide a public option. So I’ll concede this we don’t have to discuss it. + +But there’s also things we should focus on other than insurance. Like simply the cost of going to the hospital without insurance, why exactly is that cost so high. Right now it’s not my insurance company sending me a bill, it’s the hospital that charges my insurance out the ass. + +So let’s talk in what ways can we deregulate healthcare to provide the widest possible benefit to US citizens. Do you know of any ways? + +I’ll provide a few i know then you can tell me if it’s a good idea or bad idea and if anyone knows additional ways we can improve healthcare via market reform please say so. + +1: getting rid of certification of need. In many states you have to get other hospitals to sign off on you building another hospital.... but the whole idea itself is moronic. If there’s an oversupply or hospitals staff will just leave and go elsewhere or prices will go down due to competition oh no. https://www.investopedia.com/terms/c/certificate-of-need.asp + + +2: would you ever go to a doctor when visiting another OECD country? Ok, so why don’t we allow doctors licensed in other OEcD countries to come here, pass a language exam and apply their trade. If I’m the customer all i need to know is which country where you granted a license and how much your services will cost me. I personally have zero issues seeing a doctor trained in Chile. + +3: the same logic used in #2 should apply to any drugs that are certified in other OECD countries FDA equivalents, just put it on the label where it’s from and what organization certified it. + + +In my mind doing those three things and you’ll see a drop in costs of healthcare, sure pharmaceuticals companies, medical labor, hospital groups will all be mad, but for the majority of Americans costs would go down in the long run. On top of that you can provide a public options. +Hi all, + +I am new to this sub and I apologize if this is against any rules or the wrong place for this kind of question. If it is, please refer me to the correct sub and I will remove my post. Thank you for your patience and understanding. + +I am a college senior who just changed majors to economics. I really enjoy the classes both micro and macro and wanted to know what kind of career paths people have taken with an Econ degree. I hear there is good mobility through things like finance and if I want to do something Econ related I should get a PhD. Just wanted to hear what other people have done so I know where to look come Job application season this fall. Thanks all! +Currently marking a Microeconomics past paper done by my Y12 students. + +I have a query about a question on Price Elasticity of Demand - and wondered if more experienced teachers may be able to help! + +Mark scheme states: + +‘NB: if correct answer (-0.5) is given, award full marks regardless of working’ + +Some students have written the answer as ‘0.5’ (without the minus sign) - would you accept and award full marks? + +Personally I rarely bother with the minus sign with PED (and my students have obviously picked up this habit from me). But not sure how picky Edexcel are? +It's an honest but stupid question. When talking to the general public or academics, what's the proper term for unskilled labor? + +I heard low wage but that seems to be a bad classification. Entry level, blue collar, and manual labor all seemed really broad and overlapping when talking about anyone from secretary work to construction to janitorial services. +In a finite world, assuming that every state acts rationally and optimally, can every state grow together economically under the current global economic system? Like can all states get rich together? Will there not be a state that will be left behind? +So it's not a secret that generally, labor cost is higher in developed countries and lower in developing countries. That means that those developing countries trade their labor with developed countries. + +But my question is, what do developed countries trade in exchange? What do developing countries import from developed countries? + +I have a hard time understanding, in international trade, what exactly are the things developed countries sell to developing countries. Would it be expertise, craftsmanship, education, high tech items, intellectual property? +Evergrande has been buying time for months and is set to default. The government doesn't seem to want to save them and will bail out private Chinese investors rather than the company itself. Evergrande isn't the only one affected though, multiple real estates companies are plunging. + + +From what I've read, this might actually be a controlled demolition. Xi said that "houses are for living in, not for speculation", and deliberately set limits on the market to burst the bubble before it becomes too huge. But isn't it too late? Real estate is 25% of China's GDP, largerly driven by speculation, so won't this cause a contraction of China's GDP as a whole with terrible effects for the people? + +Sorry if I come across as ignorant, I've read contradictory articles about this topic and the only ones who seem to care are those who are involved in the stock market. +CeBioLabs + + +Our ICO Ends in 3 Days !!! + + +A Blockchain-based Technical Ecosystem for the Global Cannabis and CBD Markets. + + +// BitForex Listing Confirmed + + +// P2PB2B Listing Confirmed + + +// Listed on CoinMarketCap + + +// Reviewed by Authorities + + +// Audited by German Law Firm regarding Regulatory Issues + + +Our ICO is Live: + + +\- Stage 1: Aug 1st – Aug 15th + \- Stage 2: Aug 15th – Sept 5th + \- Stage 3: Sept 5th – Sept 26th + + +LAST WEEK JUST STARTED!! + + +\* WEBSITE: https://cebiolabs.io +\* ICO Details: https://cebiolabs.io/ico-details +\* JOIN ICO: https://cebiolabs.io/ico/register + + +What Is Cebiolabs ? + + +CeBioLabs (CBSL) is a utility token to link blockchain technology to CBD and cannabis market players. The CBSL token will take over the B2B payment functions as a main part of the following systems: + + +\* CeBioLabs SCM: Blockchain-based supply chain management system for cannabis and CBD products +\* CBSL Marketplace: (Decentralized) Marketplace for CBD and Cannabis products and rights +\* Blockchain-based Certificate of Authenticity platform for CBD and cannabis laboratory analysis + + +Producers of cannabis and CBD products, traders and other stakeholders can use our paid blockchain-based systems. Companies can only pay the user fees for the innovative systems and solutions in CBSL tokens. This exclusivity is further reinforced by the global orientation of the solutions and makes the CBSL token the focus of activities. + + +The CBSL token also has real benefits for private investors. The holders of CBSL tokens will be offered exclusive benefits in the numerous planned e-commerce projects. These can be discounts, free product samples or participation in exclusive events. + + +A legal self-assessment in the form of an expert opinion was prepared for the CBSL token by a renowned law firm from Hamburg. This was submitted to the Federal Financial Supervisory Authority for review. + + +Why is CBSL Different? + + +\- Registered German startup +\- Regulatory verified token +\- Legal Audit was drawn up +\- Backed by 3 companies +\- Company with real earnings +\- Team of numerous experts +\- Huge new market + + +Useful Links: + + +\* Website: https://cebiolabs.io +\* TG: CeBioLabs +\* Twitter: cebiolabs + + +Token Details: + + +Our ICO will End in 3 Days !!! + + +\* Token: CeBioLabs +\* Ticker: CBSL +\* Total Supply: 100,000,000 +\* Industry: Technology +\* Features: Buybacks & Burns +\* Network: Binance Smart Chain + + +Verified Contract: https://bscscan.com/token/0xbfb8f92e8f3a9034019ac97fd9f85c6dfb513834 +Seriously, MOASS has been around the corner for a while, and is now closer than ever. + +Many of us will have riches that we have never even dreamt of, and as everyone in their right mind knows: Money corrupts people. +In fact, many of those we‘re fighting probably started out as good people. Does that justify anything? Definitely not. But do you know for sure, that you won’t go down the same path? + +How about that: + +1. Don’t see it all as yours. Take what you need to fulfill your dreams, but try being philanthropic and actually contributing to a better world with the rest. + +2. Stick to your values, but be ready to revise them according to where your heart leads you. + +3. Be yourself, like, actually. An infinity pool doesn’t make you Kanye. Chill out. Just be the ape you are, and do the stuff you didn’t think was possible. + +PS: Most of our perceived differences were suggested to us by some very rich and powerful people, over the course of centuries, and chances are you‘re better than them. +New to this but not to investing. I will grab as much info from the sidebar and web as possible but is there some shit I can side step from your prior experiences? Appreciate it :) +I've been collecting price+stats information from Yahoo, TD, Robinhood & IB. None of them have an api call for company earnings events with date+time+before/aftermarket. I can always resort to scraping the date/times from TD's website or [earningswhispers.com](https://earningswhispers.com) but I really just want a nice reliable api call. (Free, that is :) ) + +So where have you been getting your earnings dates? + +Thanks. + +PS. I also stream some data from IEX and I didn't see an earnings event on the corporate actions docs either. [https://iextrading.com/developers/docs/#iex-corporate-actions](https://iextrading.com/developers/docs/#iex-corporate-actions) + Every time I try to incorporate volume data into my algorithm profits and consistency go down. I know I can do better with my algo but its performing fine (40% in 9 weeks) without this data. Most info I find on the internet such as look for decreasing volume on an up trend to predict the trend weakening or vice versa literally has zero correlation to this being true once I've backtested this theory. I know I must be doing something mildly wrong but is it a big no no to just screw off with the volume analysis since it doesn't seem to be working in current market conditions. + +Edit: yeah volumes actually important +A little background: I'm still a student but i'm about to become an engineer next summer. This is my first year in crypto, even though i had been on the sidelines since 2017...yet i've made more profits this year than i would while working as a beginner engineer for about 8 years (salaries are pretty low in my country, but so are costs and expenses). This is pretty demoralising, i love what i'm studying but thinking that i would never make this kind of money is just sad. I know i'm not the only one in this situation, how do you just go on with your everyday lives and go to work like usual, without thinking all the time about your investments? For me it's really distracting and being close to my final exams my performance is dying step by step. I also know that eventually bear market will kick in, but it seems so far away...this is my first post here, i hope i set the correct flair for this + +Edit: Thank you everyone, i never imagined to read 100+ replies on this matter. Many of the answers gave me a new insight on things and i am grateful to all of you! +Can we just imagine some of the headlines… + +“Dow drops 75% over 1 month after half of Earth’s population wiped out by Thanos” + +Or something like… + +“S&P 500 drops 15% pre market after a wormhole opens in New York” + +Lmaoo +I had been working on some DD prior to the initialization of the squeeze, but didn’t finish it in time, and there’s a lot of good DD out there already. I’m going to focus on what’s happening right now (8/9, BBBY down \~20% and what it means). + +**TL:DR;** $BBBY has a lot of underwater short interest that is actively working against a squeeze. Today was a do-or-die moment. + +**Positions:** 11K shares at about $7. Took profits along the way, but I’m holding what I have left to see what happens. + +## Shares, Ownership & Short Interest + +BBBY has been buying back shares for the last few years (terrible capital allocation imo, but that’s water under the bridge) and is now down to **79M shares outstanding from 186M in 2015:** + +&#x200B; + +https://preview.redd.it/olsk42b65qg91.png?width=864&format=png&auto=webp&s=ae9337fa823a6d3a0c2661bda05316a4a6f238b5 + +Currently, institutions and strategic entities are long **84M shares** out of **79M outstanding** \- yes, they are long more than 100% of issued shares. We’re not even talking about float here. + +&#x200B; + +https://preview.redd.it/9shqtnw75qg91.png?width=807&format=png&auto=webp&s=363edeb45e8cfcf1e6cff1ba8ba166e0749ce708 + +As you can see from the blue line in the first chart above, there was one large short cover during the squeeze in Jan 2021, but since then, the short interest has been mostly flat up until July of this year at about 20M shares - despite the buybacks. + +That’s from quarterly short interest reporting. Now, S3 reports that **10M shares were shorted below $7** + +&#x200B; + +https://preview.redd.it/fo7mhoad5qg91.png?width=835&format=png&auto=webp&s=66cc9dacca854c0a0f7e6fd13f121329d3d5e490 + +The short thesis here, again, is bankruptcy. Admittedly, this is not an impossibility, though the higher the share price goes the less likely (given the potential to do share offerings to raise capital). + +So, nutso summary here: + +* **80M shares issued** +* **85M shares owned by institutions and funds** +* **30M+ shares short, with 10M shorted below $7** + +## Price action on 8/8 after hours on 8/9 + +I was pretty attuned to the GME squeeze in 2021 having written a lot of posts as part of my EndGame series. I’m seeing many similarities in behaviors. Here are some notes: + +* Shorts tended to defend the price level of 2x their entry. For GME, this was $15.8, which was defended hard a few times, and when that level was lost it was squeezetown. $15.8 represented **2x the entry price of a large quantity of shorts.** Why is this significant? At 2x the price, your short is now at **-100% and it’s very likely your risk mgmt group is going to shut you down.** +* BBBY started going on 8/8 and in particular after hours. Why did we have a 16% spike after hours? **That started at $12.** **My hypothesis is that there were a group of shorts that entered at $6 and began to get force closed at -100%.** +* Premarket at 8/9 was sitting at **$13+**. If the market opened bbby at $13+, there would have been a slew of force closures from smaller and potentially larger short entities as that would represent -100% for larger and larger portions of the 10M short shares added under $7. **It was critical for shorts to move the price down. Do or die at $13.** + +## So it's do-or-die, what do shorts do? + +* Selling during low volume premarket to establish downward trend +* Shorting via synthetic shorts (short calls / long puts) +* Analyst downgrades + +https://preview.redd.it/snvpahsh5qg91.png?width=560&format=png&auto=webp&s=7ba2111b9a9b32a6f2d5ee0cd540325aedc2a148 + +* Potential astroturfing in WSB (low karma, low post history accounts sharing negative sentiment in daily thread) + * A decent amount of algos follow sentiment in retail, and in addition to shorting you can astroturf social media investing sites to change sentiment +* Once BBBY hits -10%, they can’t short on the bid, so they establish sell walls to keep the price below ask (examples): + +&#x200B; + +https://preview.redd.it/37lifq8l5qg91.png?width=425&format=png&auto=webp&s=7d24eb24f35033e1eae45703a253cdd71e4ba5eb + +&#x200B; + +https://preview.redd.it/05gaejgo5qg91.png?width=825&format=png&auto=webp&s=4126d9fe8c91366f36a8405f4a1ba80dc6e43ebd + +Additionally, today marked the opening of a slew of strikes upward, **which is generally bearish b/c a bunch of retards tend to buy the highest strike, leading to negative pressure on the underlying when MMs later dehedge those positions.** + +## Where does that bring BBBY today? + +1. Shorts have won the day, turning momentum around with a massive reversal from 13+ to $9 currently +2. However, they’re still sitting on 30M shorts, and probably more after today, with 10M+ entered below $7/share. So far, this hasn’t undone the beginning of this squeeze: + +&#x200B; + +https://preview.redd.it/4sosc4oq5qg91.png?width=724&format=png&auto=webp&s=f9a5b5011e344ec6b9aa557df23d3387817b49f2 + +Finally, short shares availability is quite low - **so there's no evidence that shorts have actually covered at all during the 5-day rally.** + +&#x200B; + +[Blue bars: short shares available. Red line is short borrow fee. ](https://preview.redd.it/uz4iys386qg91.png?width=993&format=png&auto=webp&s=524f21743a2735c778e44188acc1800f40be70fe) + +## So what now? + +The long game: The short thesis is bankruptcy for $BBBY. If $BBBY can avoid bankruptcy, the short thesis is squashed and they’ll need to exit. This may not be today, tomorrow, or next month - but that’s the long game. Personally, I’m betting $BBBY finds a way to squash bankruptcy risk which will push this to a long struggle to get out for shorts. + +The short game: It’s generally looking like retail is giving up the short game in the face of many strong short-seller tactics. + +In my opinion, buying OTM calls just helps move the price down as MMs de-hedge, while shares reduce the pool of people that shorts can buy back from. + +## UPDATE: OH SHIT. + +## Just realized. BBBY short interest might be updating EOD TODAY! If that's true, that's another reason for the push down today. + +[https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest#:\~:text=All%20short%20interest%20positions%20must,settlement%20date%20designated%20by%20FINRA](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest#:~:text=All%20short%20interest%20positions%20must,settlement%20date%20designated%20by%20FINRA). + +&#x200B; + +https://preview.redd.it/zp3pazgerqg91.png?width=601&format=png&auto=webp&s=bd311dc71f1ed2b0f9e542382979200b6079ce48 + +https://preview.redd.it/rlle43jdrqg91.png?width=574&format=png&auto=webp&s=c25a2e12dc3824a2117c0e43d39b666de745a684 + +&#x200B; + +## 8/9 SHORT INTEREST UPDATE + +&#x200B; + +* Between 6/30 and 7/15, **Shorts added 7M shares short of $BBBY** +* Between 7/15 and 7/29, **Shorts added 500K shares short of $BBBY** +* Current official short interest as of 7/29 is **29M shares** [per Nasdaq](https://www.nasdaqtrader.com/Trader.aspx?id=ShortInterest) +* Unofficial ORTEX estimate is at **52M shares short** + +https://preview.redd.it/y3qdr3w44rg91.png?width=1062&format=png&auto=webp&s=15e333cd503312b92384d72c48e58bca1e162a14 + +&#x200B; + +https://preview.redd.it/y8l3d4514rg91.png?width=1068&format=png&auto=webp&s=ef46ec90a88bae180f4191ef2b5b6fc6723d644c + +&#x200B; + +**Why is that significant?** + +Let’s look at [BBBY’s price between 6/30 and 7/15](https://finance.yahoo.com/quote/BBBY/history?period1=1656547200&period2=1657843200&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true): + +&#x200B; + +https://preview.redd.it/gtlaxv274rg91.png?width=960&format=png&auto=webp&s=c86cdcafc1bbe3da6e860f6aef081f8c50de7bb2 + + + +**That’s an average close price of $4.9.** + +**7M shorts were added to BBBY’s short basket at an average price of $4.9.** + +BBBY is currently at $10 after hours. **7M shorts are sitting on over 100% loss.** + +&#x200B; + +https://preview.redd.it/m4bv8sub4rg91.png?width=704&format=png&auto=webp&s=09671f8cb013cbf29b2845fe233428de8687e6dd + +Keep in mind in my previous post I shared that I don’t see any evidence of covering. + +Now, let’s look at [BBBY’s price between 7/15 and 7/29](https://finance.yahoo.com/quote/BBBY/history?period1=1657843200&period2=1659312000&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true): + +&#x200B; + +https://preview.redd.it/i3p4jxe84rg91.png?width=975&format=png&auto=webp&s=7cfae153a8f11ef2b7e993c2a8edf1fe5a7f1cf4 + + + +**That’s an average close price of $5.08.** + +**500K shorts were added to BBBY’s short basket at an average price of $4.9.** + +## Summary: Shorts R Still Fuk + +So, **7.5M shares were added in a month at an average price of $5,** there’s **no evidence of covering,** and **they’re sitting on a 100% loss at current prices.** + +Yeah, I’m going to see how this all plays out. + +&#x200B; +I was reading a post regarding shills trying to convince us that the floor is 1k or whatever the hell, and some apes were asking why they would even bother to try. Scoff scoff. That's when my smooth brain went 💡💡⚡⚡🤯🤯. + +Let's say for a second that's not a rhetorical question. + +Why would hedgies try to fool us, when they know apes are the most diamond handed vengeful bastards in the known universe? + +What if - hear me out now - what if it's not us they're trying to convince? + +If the hedgies (and SEC and DTCC and Feds) know 1. there's no way out of this for them and 2. apes are going to see them in hell before they sell (not a bad slogan tbh), then Plan B would be to make the squeeze the least catastrophic as possible BESIDES what they pay us. + +Maybe, just maybe, ~~Christmas means just a little bit more~~ they've resigned themselves to the fact that apes are without question going to make a fucking fuckton of money in the squeeze. Period. 🥳🥂 Then their next best strategy would be to convince as many agnostics as possible to paperhand at 1k, 5k, 10k. Not that GME is a religion OMG SHUT UP I CAN'T HEAR YOU LALALA. + +They won't give up trying to psych us out to the bitter end, of course, like the raptors pathetically trying to bite the T-rex before he rips them apart at the end of Jurassic Park, but when you see fud from now on, remember that it might be aimed at everybody BUT us - those who don't have balls of adamantium. + +In closing, your confirmation bias for today is that they know we can name our selling price, and now we know they know we can name our selling price, and once the interns read this they'll know we know they know. Wow, know doesn't even look like a real word anymore. + +Interns! We know you know we know. Blow your damn whistle before the carnage ensues! 🚀🚀🚀🚀🚀🚀🌕🌕🌕🌕🌕🌕 +So I'm technically a sophomore but I'm at 73 credits so I'm set to graduate relatively soon. So far, I've made it without any loans. I have a scholarship that covers all of my tuition and fees as well as books, but it doesn't include housing, food, etc. + +I'm working part-time and I just got hired at another part-time place as well. I'm doing okay but, as of right now, I have 50 dollars in my savings, 80 in my checking, and around 400 in debt on my credit card. The point is: I'm struggling. I just got the alert that my university offered my around 2,500 in a federal subsidized loan and it's tempting, but I'm not sure if it's worth it to accrue the debt, or if I should just continue to try and stay afloat. + +I've thought about other scholarships, but I'm not really eligible for financial aid or need-based scholarships as my parents make decent money, but I don't see much support from them. Thoughts? I'm just terrified of being sunk in debt this early when I know I'll be pursuing graduate school as well. +I’m going to get downvoted to hell but whatever IDC + + +Every time I see a post from someone who is obviously an American and struggling with insane healthcare costs, people inevitably come in and comment things like + + +“Public healthcare here, I only paid for parking” + + +“Too bad you don’t have free healthcare!” + + +“Wow you Americans, I don’t pay for hospital visits!” + + +We fucking get it. Public healthcare is great. I wish we had it here. I’m so, so happy for you, I really am. But to comment that on a post where people are commiserating about our insane and unsustainable system, where we as individuals can’t do much to actually implement public healthcare- it’s infuriating. It comes across as bragging. + + +Please stop it. +I bought a property at a really good price ($250,000) 4.5 years ago and have paid it off fully. I am renting it out for $2,600 per month with the likelihood that I can increase to $2,800 when this tenant leaves. The intention when buying it was to hold it as a rental property to help fund retirement. + +Someone just called me asking if I wanted o sell, but how much would I have to sell it for to make it worth it? The property is worth $450,000 or more now, we do not have property taxes here (not in the US), so only paying a small monthly fee for insurance and maintenance. + +What would you do in my position? I’m leaning towards holding the asset. +Say I have 10% saved for a down payment. + +20% is better because I can avoid PMI. + +Smart money will tell me to just wait. But I found a below market deal due to covid-19. And I feel like it’s get this now or pay more for a similar house later. + +Say I don’t have any family or friends with money or a line of credit on other properties (no other properties). + +I have credit cards, but that sounds risky. + +Do I try to get a different loan from a different bank than the mortgage originator? + +Thanks in advance. +So a little background - I am currently 20 years old, in college, and I have been working since I was around 14-15 years old. Combine all the money I've saved over those 5 years, plus a lifetime of Christmas gifts, birthday gifs, and a $10,000 inheritance from my grandparents, I have managed to save up an impressive amount of money for my age. So I was thinking about buying a condo and renting it out. I can currently afford a $160,000 condo with a 20% down payment (about $32,000). However, I recently had another idea and need some advice. I was thinking (since I would basically deplete my life savings), instead of rushing into this, would it be smarter to wait 5-10 years until I can buy a condo entirely in cash? Technically, it would slow down the process, but I'd rather take my time and be totally debt free. Plus, I'd still be young - in my mid-late 20s - when I start my real estate investing. But I always hear real estate people talk about "leverage" and how it's so much better to get a 30 year mortgage. What is the smarter move? Thanks! + +EDIT: Also I live with my parents and plan on doing so until at least my mid 20s, so I wouldn't have many expenses in my personal life, such as rent - mainly just food, clothes, and a phone bill. +I own a property in a developing and highly desirable neighborhood in San Antonio. I received a call today from a developer that would like to buy my property. I am not looking to sell, but would do so for the right price. I’m looking for advice on how to approach this negotiation. + +The developer already owns two lots that are behind and next to mine. There are only two other houses on my block which he is also actively pursuing. The rest of the block is currently public housing, although I wonder how much longer it will remain so in a neighborhood that is rapidly gentrifying. + +This developer has said that he plans to buy the houses on the block, tear them down, and build apartments. I believe that this is exactly what he will do, since it is already happened on neighboring blocks. A house a block away from me that was torn down to build luxury condos sold for $500,000. + +My neighbor has known the developer for years and has told me that he has many other real estate developments in the city. The house next to mine, which was in terrible condition, was sold to this developer for $215,000 a couple months ago. I suspect they could’ve gotten a lot more if they were a little more shrewd and not so highly motivated to sell. + +I live at a different location and have been keeping this property as an investment. Zillow estimates my property’s value at about $325,000. Not extremely accurate, I know, but that gives you broad idea what the property might go for on the open market. + +I am interested in acquiring more properties in the future to build my investment portfolio (buy and hold strategy), but so far this is the only property I own. I think it’s possible that selling to this developer could be a win – win because he has the money to develop this land and get a bigger return on it than I can right now. If I sold for the right price, I could invest that money in another property or properties that would give me more cash flow. On the other hand, this part of town is rapidly developing and it could be worth more in the future if I hold onto it. It is profitable now, so I don’t need to sell. + +The property is currently divided into three units. There is a two bedroom house and two studio apartments. The house is currently vacant, but I expect to be receiving about $3400 a month in total rent once it is rented. + +Last year my expenses were as follows: utilities - $3650 (all units have a single meter), insurance - $3000, mortgage interest - $5500, taxes - $5300. This year I have hired a property management company, so there will be those expenses to consider as well. + +I’m not certain of the best way to decide what the property is worth to me, what I should ask for, and what I should be willing to settle for. Any advice you have on how to proceed would be greatly appreciated. Thank you for your help! +I’m sure there are many people who are pondering this or have already decided. There are others who have given up on property all together and are instead investing in ETF/shares. + +Houses for many people are unaffordable and in cities like Sydney &amp;amp;amp; Melbourne they might be permanently out of reach. Some capitals still offer affordability but moving for many isn’t a viable option. Similarly, regional locations are increasing in price and WFH is becoming a possibility for some. + +For those who have to stay in the major cities and want to buy a house I would argue you should consider buying an apartment. + +I’m not saying that an apartment is better than a house. What I am saying is that apartments, in my view, are under valued at the moment. The gap between medium prices of houses and apartments are at historical highs and in Sydney (55.3%) and Melbourne (54.4%) houses are way more expensive compared to nationally (31.8%). There will be a reversion to the mean at some point and pre-Covid the gap was much lower (15.8%). Some powerful drivers of this mean reversion; + +1) once we reach high levels of vaccination there will be higher demand to be closer to CBD. Similarly WFH will be reversed for some businesses. + +2) the international borders will be opened and students / immigrants will return. Our economy despite the lock downs is still performing well and jobs will improve. Students &amp;amp;amp; immigration will increase pressure on both rental &amp;amp;amp; price demand. + +3) the most important one is, all those people who can’t afford a house are going to realise that apartments are achievable and a good alternative. Interest rates are so cheap and price increases for apartments are inevitable. + +The best time to buy was obviously 12 months ago or beginning of this year. But if you look at price growth you can see the unit/apartment market is gaining momentum. In Sydney for example units are up 10% year to date in 2021 and 5.1% in the last quarter. + +Due to the benefits of leverage that property enjoys these returns are magnified by 5x at an 80% LVR or 10x at 90% LVR. Whilst you can leverage in the share market you can’t do it this high and if it’s a margin loan then you’re risking margin calls. + +If you’re still with cash waiting to buy a house, you’ve just missed a return of 50% by not buying a unit (simplistic terms being a 10% return and leverage at 80% equates to 50% return on investment, assuming you’re eligible for stamp duty exemptions). + +There are people who have specific reasons for their strategy (stock market / rent-vesting / moving) and I’m not saying you’re wrong. What I’m saying if you should not rule out an apartment so quickly and for those sitting on the sidelines saving, you should really consider the above. I can see the headlines now about apartments being unaffordable and the comments on this forum. + +Personally we started with $50k savings 6 years ago. Bought a rent-vest apartment. Kept saving and accessing equity out of the apartment 3.5yrs later we bought a house. Beginning of this year we bought a regional house as a 2nd investment property. If we didn’t buy the apartment we would have found it really hard to buy the house. Everyone journey is unique so not saying that because we did this that it’s easy or possible for everyone. Just saying, don’t dismiss an apartment. + +Some links; + +[core logic prices](https://www.corelogic.com.au/sites/default/files/2021-08/210802_CoreLogic_HomeValueIndex_Aug21_FINAL.pdf) + +[Apartments are left behind in the property price rise but catch-up on the way, experts say](https://www.realestate.com.au/news/apartments-are-left-behind-in-the-property-price-rise-but-catchup-on-the-way-experts-say/) + +[Sydney apartment prices gaining momentum as affordability bites](https://www.domain.com.au/news/sydney-apartment-prices-gaining-momentum-as-affordability-bites-1078085/?utm_campaign=strap-masthead&amp;amp;amp;utm_source=smh&amp;amp;amp;utm_medium=link&amp;amp;amp;utm_content=pos5&amp;amp;amp;ref=pos1) +If future generations are priced out of home ownership do these future generations simply rent housing from realestate businesses or property owning dynasties? Could subdivision allow future generations to own a sliver of land, perhaps splitting land 4 or more ways? Large groups of people could band together to purchase a standard Australian home. It sounds bleak but interesting to think about, land does not grow on trees. + +I'm curious. +Hi everyone, I have started selling cash secured puts lately and I am struggling a bit. + +I always sell them at an IV level and consequent premium that I like for the risk I'm taking, hence I am okay with holding my puts til expiration, but it's the second time now that once I sell my CSP the price proceeds to go down and my put becomes twice as valuable (hence I could have sold it for more). Only once have I been able to open it at the bottom, hence profiting from the extremely high IV. + +Is there some kind of TA or otherwise I should be involving in my decision or is it pointless trying to time the market even a tiny bit and I should just be content with the premium I've already collected (which I am honestly, It's just somewhat frustrating to keep seeing this happen to my puts and missing out on potential profit). + +Thank you guys +So I want to sell CSP but my broker will only allow it if you have a min $25k balance. Long story short… don’t trade in Canada. + +So I found this work around that is a hybrid between a CSP and Spread. It is essentially a very wide spread. + +Example: +CSP +AAPL +Sell the 5 DTE - 175 strike +0.16 Delta (~85% chance of profit) +1% return +Break even at expiry $173 +Max Risk $17,329 + +Extra wide spread +AAPL +5 DTE - 175 short / 90 long +0.16 Delta (~85% chance of profit) +2% return +Break even at expiry $173 +Max Risk $8,330 + +Adding the long put at $90 reduces your risk by ~50% and increases your return by %100 without changing your chance of profit +TL;DR- Is the market way too volatile and unpredictable to begin my option selling career? + +So I have been studying the market for a couple years now, been doing different strategies, mostly paper trading. But I've been liking option selling strategies ALOT. I'm not looking for homerun trades. I like the risk definition of credit spreads and iron condors. + +I've been reading Option Trading Crash Course and The Option Trader's Hedge Fund, as well as researching on Options Alpha and other sites. It seems like these strategies center around high probability trades and managing losses. I've been practicing on paper trading with credit spreads and iron condors, and want to try starting with 3k, placing only very small trades (less than $100 risk each trade). I want to practice getting into and out of real trades, experiencing things like slippage and managing all that. + +Should I wait for the market to calm down before starting? Will the ups and downs jack with my results so much that I will learn bad habits or weird expectations? +I enjoy earning a little premium from selling cash secured puts on stocks that I would like to own in the future. Just that I like to do so at a really good price. + +Now what is the downside to selling long term cash secured puts on a stock if you are happy to own it at that price? Is there something I am missing? +What is so great about it? The privacy coin market is oversaturated and not many people care about privacy as much as you would think. There's already Monero and Zcash, I mean the marketcap is very good to get in at if it did blow up.... but why would it? + +I've been thinking about Masari, but there's also RLX, EVE, GVT, BABB. + +Why do people here love Masari so much? +There were 4 years in which the dow was in red with the highest being -27% in 1974 and the lowest being -3% in 1978. Overall, not a great year for the markets. Obviously, this year is probably lost with inflation fears and the war in ukraine. what r your thoughts about this decade being similar to the 1970s? + +1978 -3 + +1977 -17 + +1974 -27 + +1973 -16 +How will this affect the economy? Will this prevent a recession? Thoughts? + + +https://www.pbs.org/newshour/economy/federal-reserve-to-lend-additional-1-trillion-a-day-to-large-banks +**Intro** + +HFT uses custom-built machines to buy or sell the assets you want before you can - then sell you those same assets for a profit. They are the potentially unnecessary middle-man charging a hidden tax by beating humans to the market. + +**What's HFT?** + +HFT is a subset of algorithmic trading that specializes in scale and speed. HFT can potentially execute 1000s of trades in the time it takes a human trader to blink. The fastest firms can reach speeds of sub-16 microseconds (16 millionths of a second) per trade. + +**Speed (Latency) Advantage** + +HFT exists to be first. Mostly it takes advantage of arbitrage (buying on one exchange and selling to another at a higher price). It also detects orders placed by other traders taking a share of their profits by capitalizing on the market movement. + +**Pay for Speed** + +HFT firms spend millions to reduce latency, building infrastructures like cables and microwave towers. Spread famously built a secret underground cable from New York to Chicago for $300 mil just to cut transfer speed by 3 milliseconds + +**Data or Nothing** + +HFT's algorithms are fed by info either from exchange price data feeds or more obscure sources. Without data, the machines don't know what to buy or sell. Data is what makes HFT's speed valuable and HFT firms will do seemingly anything to get it. + +**Getting Data First** + +For HFT firms it's not enough to get the data, they need to get it and act on it before anyone else. + +[Reuters](https://www.cnbc.com/id/100809395) famously got caught selling access to the consumer confidence number to HFT firms minutes before public release. + +**Dark Pools** + +Dark Pools, exchanges owned by banks and hidden from the public, exist in theory to limit the impact of big orders on the market. Some HFT firms get special access to data on trades happening inside, which they use to anticipate price movements on other exchanges. + +**Rebates** + +Rebates are incentives typically paid to a seller by an exchange to encourage liquidity. HFT firms convinced some exchanges to pay buyers instead. This encourages traders to use these exchanges first giving HFT firms the tip of which assets to buy on other markets. + +**Regulation** + +In the US, brokers are required to buy stocks at the lowest market price - this is supposed to make markets fairer. It also means HFT firms know where to look when another trader is looking to buy and they can use that information to beat them to the next market. + +**Pinging** + +If you want to know if people want to buy or sell you may need to do a little trading yourself. HFT firms send small orders to exchanges. If they're filled instantly they infer bigger orders are coming & use their speed to get to the other markets first. + +**Quantity** + +Over Quality HFT impact seems insignificant taking as little as 0.0005USD per-share profit. But multiplied by the millions of trades HFT can execute in a day the impact can be huge In 2008, HFT made an estimated 8-20 billion USD net profit! + +**Hidden Tax or Necessary Evil?** + +Some argue HFT is essential to healthy liquidity in the market. Others claim HFT skims money from transactions that likely would have happened anyway. As with most things, the answer is probably somewhere in the middle. + +**Harmony** + +HFT machines will always have a speed advantage over their human counterparts. But man and machine can co-exist. As long as we can find system solutions that remove informational advantages for HFT firms to skim the profits of regular traders. + +[SOURCE](https://twitter.com/CardanoMaladex/status/1532085408510509057) +http://www.huffingtonpost.com/tobias-van-schneider/no-alcohol-no-coffee-for-15-months-this-is-what-happened_b_8723958.html?ncid=fcbklnkushpmg00000063 + + +I thought this would bring up an interesting debate. Guy in NYC stops drinking alcohol and coffee and says he saves $1000/month. Also thinks it's completely "normal" for someone to go out for drinks *every, single, day*. What do we think, /r/pf? + +Hello fellow Apes and Apettes! + +The last few days have been really crazy around this sub, its clear that the Hedgies are getting anxious and have sent their shills here to divide us! **FEAR NOT! WE HAVE THEIR PLAYBOOK!** This DD is meant to be educational rather than anything on a way to get into the mind of our enemy. The first step to defeating your enemy, is to learn about them. This DD is not yet complete, and will contain edits, and other follow up posts regarding NAKED SHORT SELLING, and how they manipulate the market. I am very smooth brained, but am an avid researcher. There are a lot of things I still dont understand as this is a learning experience. I have been doing alot of reseach on naked short selling, and came across this research paper written in 2005 on the SEC website titled + +>SHORT SELLING, DEATH SPIRAL CONVERTIBLES, AND THE PROFITABILITY OF STOCK MANIPULATION + +You know I had to instantly dive in, and what I realized is that **WE HAVE THIER PLAYBOOK, WE KNOW THEIR MOVES!** [The link to the paper is here.](https://www.sec.gov/comments/s7-08-08/s70808-318.pdf?fbclid=IwAR25gnSvXR0Fo0FCVrzlgmnwiN4MikTgxAKU5jQFBLNQ__GEzvYAtPFB7cI) + +First thing you need to know is what is regulation SHO? + +&#x200B; + +https://preview.redd.it/aw8j1o4adnz61.png?width=573&format=png&auto=webp&s=06f56ee37ba4479b4dc3e0e56b71c2ae5d78927e + +Basically, Regulation SHO was put into place by the SEC in 2005 to stop Naked Short selling.(I do want to note that anything that is found in quotations is directly from the SEC report that I linked above.) I am basically going to run through the document and pull out some really important information even though i think the whole document should be examined closely by everyone. So lets Dive in! + +>The SEC recently adopted Regulation SHO to tighten restrictions on short selling and curb abusive short sales, including naked shorting masquerading as routine fails to deliver. + +https://preview.redd.it/o45da2orenz61.png?width=521&format=png&auto=webp&s=02a20e4de47eee24123c6851cd074af6fee134d0 + +Does this look and sound familiar? Spreading fake rumors in order to scare people into selling? I have seen alot of shilling this last week which leads me to believe we are extremely close to the MOASS. + +https://preview.redd.it/w0mbt06eenz61.png?width=469&format=png&auto=webp&s=c31448d6de40aa241200ffddee72516ea56ae350 + +The most important text to me in this is marked in blue. To all the people saying the shares can not exceed the float, here it is in black and white derived from the SEC site. + +>At times, the amount of failure to deliverss may be greater than the total public float. + +Another super interesting thing I find here is where it says the naked short seller **unilaterally converts a securities contract into an UNDATED FUTURES-TYPE contract?!** + +>However, when left unchecked, short selling can artificially depress share prices and impair market efficiency (SEC, 2003b). + +I know guys hang in there! This is where things get really Interesting! + +\&amp;amp;amp;#x200B; + +https://preview.redd.it/dphdsnz3fnz61.png?width=537&format=png&auto=webp&s=50bf6beb7de660ee182346c919dcd89c6f79b1f8 + +>Stock market manipulators use a variety of devices, such as releasing false information about a company into the market,8 and employing trading strategies that impede the price formation process, such as naked shorting, wash sales, matched trades, and painting the tape, all of which inject misleading trading information into the market, to move market prices in the direction that benefits the manipulator. Illegal short selling, such as naked shorting, can distort market prices by creating artificial supply-demand imbalances (Thel, 1994). + +I found this paragraph very interesting. These are the tactics commonly used by short sellers to manipulate the market in their favor! **WE HAVE THEIR PLAYBOOK!** + +**What is painting the tape?** + +Painting the tape is a form of market manipulation where market players ***attempt to influence the price of a security by buying and selling it among themselves to create the appearance of substantial trading activity.*** The goal of painting the tape is to create the illusion of an increased interest in a stock to trick investors into buying shares, which would drive the price higher. + +I know what you are thinking why would they want to drive the price higher when they are short? **BECAUSE THEY WANT TO GIVE YOU THE ILLUSION THAT THEY COVERED THEIR POSITIONS!** They never covered! + +Now here is the part where they are manipulating us and using us! + +https://preview.redd.it/k3qp211afnz61.png?width=551&format=png&auto=webp&s=1299beb7b38062db0a5b2710d0ffc9261a9f4226 + +>Price momentum occurs when trades are large enough to move the price and an increase in price at one date causes an increase in price at a later date. A large trader’s purchases create upward price momentum, and then she trades against the price trend to lock in her profit by selling to noise traders who buy at the inflated price. Presumably this sort of manipulation could work in reverse with the large trader selling short to stimulate downward price momentum and then covering his short position by buying at depressed prices from noise traders. In my model active traders sell in the next period when they observe that the informed investor has sold shares, which moves the price downward. The informed investor can cover his short by buying from the active traders, or he can wait until after the further drop in price to cover, depending on how costly it is to carry 6 the short position another period.\&amp;amp;gt;\&amp;amp;gt;Naked short selling can increase the manipulator’s profit. A short seller, who profits by buying the shares to cover her short position at lower prices than the selling prices, can drive the price of a stock lower by selling short a larger number of shares. Without enforceable restrictions requiring short sellers to borrow the shares before they can commit to sell, a short seller might destabilize the market for a particular stock through naked shorting. + +Here is where I will end this so I can research exactly what this next section says. + +&#x200B; + +https://preview.redd.it/ckyquozrfnz61.png?width=546&format=png&auto=webp&s=a204050a1e24dd0dc6428e36f9cf0fbb1c952bb0 + +[https://preview.redd.it/ki0pe6z56kz61.png?width=546\&amp;amp;amp;format=png\&amp;amp;amp;auto=webp\&amp;amp;amp;s=62ce6b4d6664391d01553929968d1cc5c59b9761](https://preview.redd.it/ki0pe6z56kz61.png?width=546&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=62ce6b4d6664391d01553929968d1cc5c59b9761) + +Obviously Gamestop is very far from going to zero, and at this point its not even a possibility due to them being completely debt free, a complete resturcturing, and changing their business plan to pivot into E-commerce and Esports! + +\&amp;amp;amp;#x200B; + +There are a couple realy interesting things here. **What are conversion shares?** + +A **conversion** is the exchange of a convertible type of asset into another type of asset—usually at a predetermined price—on or before a predetermined date. The **conversion** feature is a financial derivative instrument that is valued separately from the underlying security. + +The **conversion** price is the price per share at which a convertible security, such as corporate bonds or preferred **shares**, can be **converted** into common **stock**. + +**What is the conversion price?** + +The conversion price is the price per share at which a convertible security, such as corporate bonds or preferred shares, can be converted into [common stock](https://www.investopedia.com/terms/c/commonstock.asp). The conversion price is set when the conversion ratio is decided for a [convertible security](https://www.investopedia.com/terms/c/convertible-security.asp). The conversion ratio can be found in the bond [indenture](https://www.investopedia.com/terms/i/indenture.asp) (in the case of convertible bonds) or in the security [prospectus](https://www.investopedia.com/terms/p/prospectus.asp) (in the case of convertible preferred shares). + +So this all leads me to research corporate bonds and convertible bonds for Gamestop, to see if this method is something the hedgies have been using, and how we can use it to fuk them. Part two coming soon! + +**DIAMOND F\*CKING HANDS. HODL GME & BUY GME THIS IS HOW WE WIN!** Edit: this is the TLDR or you can read the comments. Idk how to summarize all this information. I made it short so it was readable. + +Edit: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 Edit: u/feed_bag has made me aware that a while ago Atobitt did a DD about convertible bonds, and that GME has not issued any convertible bonds. With that information coming to light, part two will be focused on the other shill tactics and applying them to GME. Here is the link to Atobitts DD: [https://www.reddit.com/r/Superstonk/comments/mmz5yx/convertible\_bonds/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mmz5yx/convertible_bonds/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Edit: Also check out u/eternalDissonance comment in the comments! Here is a post he made as well with a complication of videos! That can be used as an educational resource! [https://www.reddit.com/r/Superstonk/comments/ne3i7b/links\_to\_important\_videos\_to\_watch\_about\_all\_the/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/ne3i7b/links_to_important_videos_to_watch_about_all_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +This pay cut comes at a time where billionaires' wealth increased by 2.1 Trillion dollars during the pandemic and politicians received millions of dollars in lobbying. Moreover, banks are also screwing you off. If you've deposited any amount of money for an interest rate lower than 5.4%, you are actually paying banks to keep your money and lend it to others for a higher interest rate. Crypto offers double digit interest rates, while banks will give u the bare minimum of 0.1%. + +And no matter how much they'll try to convince you that inflation is "transitory", it isn't. The US for example, in the last 60 years has only had one inflationary year (-0.36%). That too in 2009 when the average person had to suffer the most. Inflation is out of control, and Crypto is the only way out. +They keep paying fines to make it go away....and it keeps going away. This shit must stop. + +They don't stop. + +They were fined and caught 19 times in 2020 alone. + +They brought in over $4B in 2020 alone, so a few million in fines means nothing to them. + +https://youtu.be/Hv7SbgM-JrA +I think over the weekend is the best time to be an investor. Overall you get much more time to go over companies without the nagging idea in the back of your head that the market is open. I love taking my time going through annual reports and quarterly earnings. I think one should use the weekend to their full advantage. + +What companies are you looking at this weekend? I am going over all Buffett investments. Just interested to see if I can spot a pattern. + +https://twitter.com/c___f___b/status/956445618381246464 + +Interesting Twitter thread I came across in regards to the IOTA FUD. MIT findings in regards to the IOTA 'vulnerability' are debunked! MIT claimed that they were able to demonstrate how an attacker could forge a user's digital signature and use it to steal funds but this is simply not so as Forbes article was click-bait from the start. + +I saw the top post on here, and I dove further into some of the companies listed on Gamestop's 13F. First I signed up for whalewisdom so that I could download the report to Excel. I then, filtered it based on PUT positions. Then I went to brokercheck to find each company. The companies that didn't provide any information I marked as "Fake" in column C to research more. I then went back to whalewisdom and put those companies in there. Most, but not all had a listing of positions and Assets Under Management. Not all had AUM listed. + +&#x200B; + +[Gamestop's 13F](https://preview.redd.it/ne3dux6612l81.png?width=1360&format=png&auto=webp&s=b9370c0d402efb2de65af32e28fd13e4f669a08a) + +Based on what I found in whalewisdom, I do not believe any of these companies to be fake. Even the CMT capital markets is shown as being in business since 1996 as shown here: + +&#x200B; + +[CMT listing under dnb.com](https://preview.redd.it/tmmhuorw02l81.png?width=1109&format=png&auto=webp&s=203c340a29d19d69f0c41bedfcb593d9720bffd1) + +I hope this provides more clarity and a better picture, so that apes aren't out thinking there are fake companies being used to baghold or hide positions. All these companies appear legit, and truly hold large put volumes of GME. + +Cheers, apes +Given the events of the last few weeks and the latest tweet from RC, I wanted to extend my gratitude toward you all. +It seems all but certain that our 3rd act is coming to a close and I can’t help but feel a bit sad. I kinda grew up on tv. My mother and father’s helicopter style parenting and my older brother’s bullying and trouble making made it the best option. I felt safe, I felt love, and with each show I watched I felt like part of a family, and this community of apes has done the same. We laugh, we fight, we share (sometimes too much) but this is why we will win. Because we’re a family. +We’re almost at the end of the season but this is far from the finale. Soon enough, nothing will be the same again. After months of grueling heartache, I can say with absolute certainty that there is no community better suited for the responsibilities that are to come our way in the inevitable future. This is a community of extremely talented, open minded, intuitive, and loving individuals who want nothing but the best for each other and this planet that gives us everything and is dying for our help. I can go on and on but just remember, after all the painstaking work that has been done, there’s so much more to do when we reach the moon +🦍🚀❤️ BUY n HODL +**TL/DR**: [r/Superstonk](https://www.reddit.com/r/Superstonk/) is a unique and impressive community of individual investors producing ground-breaking research. In this post, I argue that this community can improve its research efforts, public perception, and legitimacy by recognizing the harm caused by low-effort memes, conspiratorial thinking, unrealistic expectations, and the valorization of ignorance. + +**About me**: Hey everyone. I am an individual member of this amazing community, and would like to say my piece. This is my first official post on [r/Superstonk](https://www.reddit.com/r/Superstonk/). I've posted once before using [u/Superstonkbot](https://www.reddit.com/u/Superstonkbot/), which allows low-karma members to post. My [post](https://www.reddit.com/r/Superstonk/comments/oj9kjv/rsuperstonk_is_not_a_karma_feedingground_exercise/) gained 6K upvotes. Today I happened to see I finally meet the karma criteria, so I am excited to finally speak up. + +I've been an [r/Superstonk](https://www.reddit.com/r/Superstonk/) member since its founding. I bought my first XXX shares in early January, 2021, and sold XX shares in late January, 2021, to cover my original investment. I did this because I used student loans to buy GME in the first place. Today, I am still an XXX holder, and visit Superstonk hourly. I mostly search by new and rising. That is to say, I am a very active member, and care deeply about this community. I do my best to make informed decisions about what I upvote and downvote. + +The last thing I'll say about myself, is that I professionally research culture and cognition. So, while I cannot make a meaningful contribution to the swath of research produced by [r/Superstonk](https://www.reddit.com/r/Superstonk/) members, I *do* believe I can identify detrimental information patterns among [r/Superstonk](https://www.reddit.com/r/Superstonk/) members. + +**About** [r/Superstonk](https://www.reddit.com/r/Superstonk/): + +This community is amazing. It represents one of the frontiers of market reform activism. I believe [r/Superstonk](https://www.reddit.com/r/Superstonk/) is unique among stock/economy/business subreddits. Unfortunately, it is often grouped in with the others. **In other words, people often don't take this community seriously**. This hinders the community's ability to attract new members, gain the attention of politicians and government officials, and be perceived as a legitimate source of research and information about GameStop and the financial system. + +The sad truth is that [r/Superstonk](https://www.reddit.com/r/Superstonk/) *does* resemble other communities, the names of which I cannot specify (automod). Many of us have likely encountered scenarios, on and off of Reddit, where non-members have likened [r/Superstonk](https://www.reddit.com/r/Superstonk/) to a cult, a pump and dump, or a community of bag-holders struggling to accept reality. But this community is not that. The research is actually solid. This is real, and its happening. Several financial bodies are struggling to maintain short positions on a company that is undergoing rapid bullish transformation with a group of highly loyal investors that want the company to succeed. Further, it seems likely a stock split issued as a dividend will place an overwhelming amount of stress on these financial bodies. Beyond that, the research produced by this community on topics ranging from problems in market structures to the employment of consulting firms to help bankrupt companies is astounding. + +Nobody has the right to define this community. The community is an amalgamation of individual investors with a simple set of rules. However, as a member of this community, **I want to share my opinion that members of this community ought to take it seriously.** Abandon the elements that signal to non-members that we are no different from the other communities. Take this sub seriously as a place for real peer-reviewed research and a grassroots movement for market reform. And above all, take it seriously as a community dedicated to GameStop. + +I'm not arguing that [r/Superstonk](https://www.reddit.com/r/Superstonk/) alter its rules, or that members abandon the use of memes. Rather, I urge members to recognize the consequences of what gets posted on our sub. The sexualized or derogatory GG memes are 4chan nonsense. They are absolutely counter-productive to supporting GameStop and fair-markets. The non-stop posts about 69 or 420 are low effort and make [r/Superstonk](https://www.reddit.com/r/Superstonk/) seem no different from the other stock subs. The constant valorization of stupidity is outdated. This community has proven its ability to produce reliable research, and to criticize flaws in research. And endlessly proclaiming the inevitability of GME reaching $100,000,000 per share during the MOASS is probably not the best central thesis for the community. It gives the impression that [r/Superstonk](https://www.reddit.com/r/Superstonk/) is centrally a get-rich-quick scheme. + +These elements all hinder the legitimacy of the community's research. Further, they subtract from the sub's foundational property: A shared passion for GameStop, and the pursuit of fair-markets. + +I know [r/Superstonk](https://www.reddit.com/r/Superstonk/) is divided on this issue. I hope that the comment section can host criticism of my opinion, and a productive conversation about the state of the sub. + +Thank you everyone. As a final word, I'd like to say I believe GameStop is an amazing company with great leadership. And given the unique financial situation, I believe the value of GME will rise in an unprecedented way. Thank you to those who are contributing actual research. +In a move that promotes industry collaboration, The Digital and Blockchain Foundation of India (DABFI) and the IAMAI merged in November 2017 with the aim to popularize blockchain technologies in India and build an advocacy platform for cryptocurrency in India.  + +This is positive and bullish news, and it is sure to drive up investor confidence and in turn, bring in fresh funds into Bitcoin. + +Full report at - + +https://factordaily.com/degree-certificates-india-blockchain-project/ +I already had 50% of my net worth in bitcoin, soon to be 100%. + +I'm furious and disheartened to see the Canadian government move to disband patriotic protesters fighting for basic human freedom and choice. Now Trudeau gives them the power to seize funds from crowd-funding sites **and banks** if they don't like what you stand for??? HOLY SHIT. They say it's temporary, we shall see. I know what I think about "temporary emergency government measures" based on historical context. + +Also, the SEC ruling over BlockFi that halts new interest accounts for any American that does not have at least $3m in investible assets is insane. This will for sure spread to Voyager, Celsius, Gemini...etc. I believe this is being done in coordination with banks to drive assets back to legacy institutions and prevent the ordinary person from achieving financial security and remain in a perpetual state of monetary slavery. + +We are firmly in the "..and then they fight you" stage. The walls are beginning to close in on ordinary citizens as their fears of being made irrelevant by this digital peaceful revolution increase. + +We need truly decentralized protocols providing these type of financial services now more than ever. Go get yourself a home mining rig for non-KYC bitcoin, spin up a full node on TOR, stack your sats like an animal, and dig in your heels. + +The fight is upon us and I for one will die on the hill of financial freedom, choice, and sovereignty. I suggest you also act accordingly. + +Rant over. +It's awesome that the sub is popular, and I appreciate the amount of work the moderators are doing to remove all the stupid ass posts. This sub isn't WSB. Everyone who posts up DD and wants to have discussions on potential plays, thank you. + +Those who are trying to YOLO, go ahead and do that... Don't post here to try to get others to follow in your footsteps. The amount of nonsense that pops up and is almost instantly removed is so annoying. We get it... AMC... GME... BB... all of these are known but they aren't the topic of discussion in this sub. +Lets say you buy a flat for £100k on a 35 year repayment mortgage that means you're paying the bank around £240pcm. If you manage to rent that flat for say £550pcm after taxes that leaves you with £440pcm. You also put away £100pcm just in case shit brakes which when is all is said and done leaves you with £100 to do whatever with? (and all this is assuming you're not paying an estate agent to help do manage the thing.) + +Is the cashflow from property really that low? Like you see people owning a few houses and living on the rental income, so what am I missing cos the maths doesnt seem to work? +So here goes my story. I have worked for a company for the last 4.5 years, directly out of the military. My military experience was 6 years of nuclear power plant operations, which was what my civilian job was supposed to be. I worked at a power plant under construction that got cancelled. I have no real civilian experience and very little managerial experience. My family is used to a lifestyle of making $100,000. How do I find a job making the same amount or transition my family to a more frugal lifestyle? +I posted a few months ago about my difficult financial situation when i had no idea what to do. I got great advice and hope to see if you can give some more. Also I hope to update you on where i am atm. + +I'm a junior doctor with a new baby and wife (she is on maternity and is a student so no income atm). I cannot make ends meet at all. This in large part due to the 800 a month i have to pay for a joint mortgage on a house i own with my 2 sisters and father. + +My current situation is i dont live in the house i own as it is already overcrowded (3 bed house with 5 adults living in it already) . Bringing myself and a wife and child to live there is impossible. Instead i am renting in a cheap area around 1 hour from where i work and 30 mins from family. With bills i can easily end up spending over 1.6k+ just on living here a month. Which is excluding food etc. I only make about 2.7k a month. I have exams and other costs as well like mobile phone and petrol etc to pay too. + +In short im finding im remaining in my overdraft of 2k and in the last month that appears to not be enough as bills have just been increasing. I can't pay the mortgage this month and can't continue paying the mortgage. Last month i was a little late with payment too. + +In terms of the ownership of the house i am on the ownership with my father and 2 of my sisters. However only myself and 2 sisters pay the mortgage. My father has never made any contribution to the property at all. The people living in the house are my father, mother, sister, brother and one of the sisters that is paying the mortgage with me. The other sister that pays the mortgage with me is very successful and lives in the middle east and flies over all the time and pays for our flights there sometimes too. I dont get any rent from any of the people living in the house at the moment. + +So I've spoken to a solicitor who has essentially said looking at the documents that i am owed a 25% share of the equity of the house minimum. But maybe more if she gets the full conveyancing report from their solicitor. I can also claim rent in retrospect she thinks. The house is worth around 600k (purchased for 400k} currently and the amount left on the mortgage is 230k. This was a right to buy house so we also had around 80k discount via the council initially. So going by the 25% figure i am owed around 90k for my share. + +I've told my family this. They have said these figures are nonsense. That because I'm leaving the mortgage early i am owed nothing. Supposedly this is advice from their solicitor. They said because I'm family they would be willing to give me 35k as a good will gesture and no more and that if i find that unreasonable there is nothing i can do. The 35k they came up with is the sum of all the monthly payments I've made over the years - they didn't include my deposit contribution for some reason. I said that was being very unfair. They said to tell my solicitor to send them a letter of the offer in writing and if their solicitor disagrees then they will not do anything and just wait for me to take them to court. They know I'm really struggling to afford anything and essentially are forcing me to hire a solicitor. They don't acknowledge the information I got from the 1 hour free consultation. + +The next problem is i literally cannot afford to pay the mortgage this month. My solicitor said that i could ask my family to pay until we settle this and i can pay back what i owe from the settlement (its a joint mortgage so all of us are liable equally). My family can EASILY afford to do this. In fact my little brother is living rent and mortgage free in the house and is a doctor. My family have been evasive and not given me an answer on this. I'm left to think about applying for social housing ( which still may not resolve my money problems tbh and not sure i can apply for it anyway) or getting a bank loan if i can even get one with how often I'm negative in my account and having never had a credit card. + +So in summary a shitty situation caused by people I thought loved me...i really don't care about money or possessions etc. I just want to stop telling my wife she must budget harder with food and skip breakfast or my son has to stay in his 0-3 month clothes for longer etc etc. Its really affecting my mental health. + +My main questions at the moment are. + +1. Is it possible that i am not owed anything at all like their solicitor said? Even though i have made all payments up until this month and am on the ownership and mortgage documents? + +2. What would happen if i just stopped paying the mortgage and just decide by myseldf to pay them after we settle? I know they will cover costs because they dont want to get in trouble with the bank. Like i said i cannot afford it without getting a loan or going into council housing or something which I don't think I'm eligible for anyway. + +3. Another thing i was told by my family is that because I'm taking my share from the property before completing the mortgage or before selling the house i am not entitled to any profit from my investment. This sounds like rubbish. Is it? + +4. If this goes to court my solicitor said it could cost me over 10k. Can this be claimed from the losing side (my family)? + +5. My solicitor said it has been done before but it is shady and she will need to look into how my father can possibly be on the ownership but not the mortgage documents and has never made any financial contribution to the house at all. Anyone have any ideas about this? + +If you have any other ideas or advice i would love to hear them. Thanks for reading all of this, you can't even begin to imagine how much i appreciate you reading this all even if you just give condolences on this desperate situation im in. Thanks. +🦍 this is not my DD, post taken from r/stocks submitted by u/hooman_or_whatever +I am just smoothbrain monke holding on to the moon 🚀💎✋💎 +Not financial advice, i have the retard + +GME Short Squeeze What Comes Next + +Hello all, + +If you don't recognize my name then perhaps you haven't seen my posts at the start of all this. You can find the original DD [here](https://www.reddit.com/r/stocks/comments/k688qv/for_those_who_dont_understand_the_inevitable/?utm_source=share&utm_medium=web2x&context=3) and the pre-earnings assumptions [here](https://www.reddit.com/r/stocks/comments/k3p4bc/when_will_the_gme_squeeze_happen_answers_here/?utm_source=share&utm_medium=web2x&context=3). + +Things looked bad today, and truthfully I'm surprised and proud that it took this long for us to have a red day. At one point last week the stock plummeted to $120 and everyone seemingly forgets that detail simply because it quickly rebounded. It dropped all the way down nonetheless when trading restrictions were imposed. + +Now, let's talk about that day. Why did it go down? That is easy, insane trading restrictions especially on RH where the majority shareholders place trades. + +But what's interesting to examine is...why did it go back up? My thesis is this was, in fact, Melvin covering. Retail investors were completely locked out of trade yet the price skyrocketed. + +Melvin is not the only short in the game, in fact many new short positions were opened. Some intentionally, others unintentionally due to lacking the funds required to cover the calls that were sold. Some people were selling calls with an $80 strike price others upwards of $400. Many of these calls were executed and people who never thought it would surpass $80 were now stuck holding the bag with a $320 strike price on Friday. + +One of two things can happen to these people: + +1. T+2, they will have two business days to cover their losses if able +2. If unable, they will have to open a short position to borrow the shares that they promised to cover. + +This logic is what led to new short positions opening last week and certainly will mean more short positions opened this week. + +So what happened today? Well, loads of people were still locked out of trading and a price drop happened. Naturally this was some longs taking profits but the volume is key here. The extremely low volume compared to the price drop simply doesn't add up. Instead it looks like a series of ladder attacks and ping ponging between hedge funds to drive the price down without any buyers to counter their progress. + +Now, why would they do this? **This is a very interesting question.** + +If shorts have covered, and there is no more fear of losses then why are they still trying to drive the price down, shift attention to Silver, and having the media run amuck with countless baseless claims? + +Normally, I am a fan of logic and reasoning and like to break things down to multiple situations...but this one only has one answer: they haven't covered. + +If they were covered and out of this, then all this other manipulation exists for no reason. + +Another question to consider: + +If shorts were covered or short interest was extremely low, then why is trading still restricted if there is no danger of a squeeze that would put brokers out of business? Again this has but one answer: there is still a danger for a massive short squeeze. + +The final thing to consider, if people are willing and want to buy and hold a stock, its price should go up...right? Well, all of WSB and many retail investors are still adding on this dip. + +Now, tomorrow will be an interesting day to monitor. If the price is maintained or lifted it will lead to another gamma squeeze due to all of the contracts that finished ITM on Friday. So all contracts that were sold to expire 1/29 with a strike price of $320 or lower will need to be covered by tomorrow. Technically T+2 is actually 2.5 so they might extend into Wednesday. A gamma squeeze will lead to the final short squeeze and in previous posts I would laugh at $1000 price target, but truthfully...I would now call that a minimum. Despite what today looked like, price decrease + low volume = bullish. + +Now, there is always possibilities but luckily this is one we can control: + +1. If the stock keeps getting purchased and held, then regardless of squeeze mechanics, the price will rise. With the squeeze, $1000 is a fair and minimum assumption. +2. If we cannot outlast the short attacks or trading gets restricted further (which at that point will have no merit), then GME will remain one of the most interesting stocks now that their are tons of longs on it and short int won't be immediately squeezed, it's interesting to consider a PT when the squeeze is complete. + +**TL;DR:** If shorts truly covered and there is no more squeeze left, why is trading still restricted? What are they are afraid will happen? With millions of people still buying more, then this price has no reason to go down...yet it is. That is due to trading restrictions and hedge funds taking advantage of the fact that no one could trade. A ladder attack that can't be interfered with is a perfect attack. Volume has been far to low to justify price action or even half of shorts covering. + +I am not a financial advisor, I'm just a guy that loves logic and reasoning. + +**EDIT:** For people claiming the liquidity defense, please tell me why trading on TSLA was not blocked during its insane short squeeze. If that sounds aggressive I'm sorry, I'm truly trying to find an answer to this question. +Is there any benefit in switching to another $0 commission brokerage (TD Ameritrade, E Trade, Schwab) that outweighs the fee of $0.65 per options contract trade, or should I stick with Robinhood? I care very much about minimizing costs, and just wanted to see if anyone with experience at other brokerages could weigh in possibly. + +Thank you for any insight / all replies, and have a nice day. + +Edit: Thank you so much for all of your replies and insight, I have a lot to consider and a lot to think about. I hope you all have a wonderful rest of your day/night. +I think it was funny, but I was too busy grimacing the whole time to notice. The first thing I did after watching the movie was open up the indeed app on my phone. The parallels between the depictions of office life in the movie and my reality in cube land were hard to watch. I need to read this sub more often because you guys give me a lot more motivation than my $15 an hour desk job. Last month I applied for 7 jobs and didn't get an interview. My new goal is to 10x that and apply for 70. I've been following the sub since I started my first job 2 years ago. I've minimized expenses really well, but now I'm going to focus on increasing my earnings and satisfaction. +Hey, /r/personalfinance. I thought I'd update you guys on my progress so far. + +Original post: https://www.reddit.com/r/personalfinance/comments/324bfp/i_have_just_won_about_us100000_in_a_law_suit_i/ + +Like many of you suggested, I hired professional help. I can't really thank you enough for the advice. He has been great at helping me invest my new money and even greater at helping me manage my personal finances so I can get through the month on my salary alone. + +I spent about 25% of the lawsuit money in the past 4 months, but I've managed to get ~9% back so far. Hopefully, by the end of the year I'll have restored it and will be able to keep growing my funds. I'm also spending ~20% less than I did, I have created an emergency fund (which I didn't have) and I'm finally being able to save some to travel abroad with my fiancée. + +On the personal level, however, you have advised me not to tell people about it. Well, it's a pretty small city, the court records are public and people talk a lot here. I don't think I disclosed this information in the previous post, but I sued my previous employer, so most my colleagues heard about it from the inside, and most already know I won (and how much). Fortunately, most people haven't really tried anything (so far), besides one sleezy uncle. I just told him I had invested it all in a long-term fund and that I couldn't withdraw even if I wanted to. "Sorry". He seems to have believed me. He'll probably ask again in a few years or so, and I'll have to tell him 'no' again, like most people in the family already have. He's known for asking for loans and not paying back. It's kind of his thing, and I don't think he takes it badly when people decline anymore. And to be quite honest, I don't really care if he does. + +To the curious: I did buy a better (yet not expensive) mattress, refurnished some things that were way past due (including the TV - I bought a simple 32'' dumb 2D and a chromecast, they cost me ~US$300 - expensive, but it's Brazil, everything's expensive), but I did not buy a car. I have payed my student loans plus some credit card debt I had. All of this cost me ~25k from the 104k I won. My savings account is currently sitting at ~89k. Hopefully I'll end this year with 100k. + +Overall, I'm just updating this to thank you for pointing me in the right direction. I had never really liked having money as much as I liked spending money, but things are starting to change. For once I feel like I can have a nice future. +Any thoughts on the Porsche IPO? Good competitive play compared to TSLA? I feel that minus the software issues they have they have the infrastructure in place to scale quickly to electric production. Think that in the next few years we could see high quality electric vehicles. (BTW still more bullish on TSLA). +I’m looking for some advice on how you all handle employer matches. My employer matches 100% up to 8%. I am currently doing 7% into my retirement account and another 4% into a separate account. Do you all add in the employer match and make that 16% or only count what I contribute which would be 11%? +So my 70 year old father is declining in health due to a dementia type illness. It is very likely that he will eventually need full time nursing care and or be moved to a nursing facility. He and my mother have some assets including some cash, two houses, and a vacant piece of land. All of the properties are in my mothers name already. My mother is very healthy and could live another 30 years and the real estate is part of their retirement planning. + +My question is this: + +Can Medicare force the sale of properties in my mothers name to pay for my fathers care? +My uncle recently passed away unexpectedly. He had named me as one of the beneficiaries of his 403(b) retirement account and I will be receiving quite a bit of money in the next few months (roughly $500,000 before taxes). I’m not making any decisions in the near term until emotions settle down but I’d love if folks could share suggestions on good investment strategies for the money or share personal experience with receiving a windfall and how you managed it. + +Some baseline information. I’m in my mid thirties, married, with one child. We’re in a pretty solid financial situation. Good jobs, no significant debt besides $150k mortgage, and have been maxing retirement contributions for years. Our employers do not allow contributions to our 401k above the personal max and the distributions will make us ineligible for IRA contributions for the foreseeable future. + +My initial plan is to roll the balance of the inheritance into an inherited IRA, distribute the balance as required over 10 years, and simply put the money back into investments via vanguard index funds until we decide what to do with the money. + +Normally, I’m comfortable with making riskier investments but we really want to protect this money and do something that honors him so we’re not likely to take any disproportionate risk with any investment choices. + +I appreciate any advice folks can offer. +"I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the ra*ing of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents." + +Smedley D. Butler, War is a Racket. + +Nothing changed. In fact, it just got worse +Wouldn't this qualify as insider trading? + +[Source](http://www.businessinsider.com/intel-ceo-krzanich-sold-shares-after-company-was-informed-of-chip-flaw-2018-1) +Hey all, + +Looking to book some big trips to places with no English, and it’s abit overwhelming to itinerize. Any suggestions for large well known luxury travel agencies that can pull this stuff together? + +Tnx! +It seems pretty ridiculous that the directors of a company - often c-suite executives for another company already - can set forth a remuneration for an executive team valued in millions (either dollars outright, DSUs, options, or warrants) and then dip into the kitty for themselves. + +I think it's dumb that these votes on "our consideration, if advisable, to pass a resolution to accept the approach to executive compensation" are recommended as "FOR" and that these votes often receive 95+% acceptance from shareholders. + +People should look more into executive compensation. Many investors will never have as much in their account in their lifetime as many directors are receiving in a single year just for playing an advisory role to a company that may not even be their primary focus throughout the year. + +Something to think about. + I got $10,000 sitting in a Commonwealth "Goalsaver" account. I'm only 18 and just put my spare money into a account that I thought I could earn some interest off. Turns out it's pretty poor, only like 0.25% or something per annum. + +I want to earn a bit more off this money. I created a CommSec account to start investing, but I'm not sure where to start. I did some research and investing into Index Funds sounds like a smart move. + +I will be continuously adding to this amount for however long I'll be working. I just want the money doing something not just sitting. +I would like to propose a 5% increase to monthly karma totals for users who voted on at least one governance poll in the previous session, up to a maximum of 500 extra karma. + +This would encourage people to participate in governance which is one of the main reasons MOON exists. Even though activity is up in recent months, we have had a hard time achieving the minimum quorum on some good proposals and this may help get people more active in our governance by providing a small incentive for participation while not overly benefiting the highest earners and diluting the distribution. + +Based off input from previous proposals, I wanted to make this as simple as possible to qualify for. In order to get this bonus karma, all you have do is vote on at least one proposal in a 4-week session. You do not need to hold any moons when you vote, so this will also benefit new users who have not yet received their first distributions. + +##Summary: + + - 5% karma bonus to next distribution for users who vote on at least one governance poll in a 4-week period + - Maximum of 500 karma from this bonus in one session + - Voting with any amount of MOONs will qualify, even 0 + +[View Poll](https://www.reddit.com/poll/m7ehzz) +I'm of the mind that when I pull the trigger and retire from full-time work, I will inevitably pick up a hobby project that will end up producing money, even if its just a few thousand a year. There are higher profile examples of this happening in our little community (MMM, Mad Fientist, Beatthebush, etc.) Has anyone here had this experience here who isn't a blogger/youtuber/etc? + +I'm not necessarily looking to hear from people who retired, got bored, and went right back to full-time employment. Moreso, people who left full-time work, started a side project, and made some kind of money from it. + +The reason I feel this is relevant to this sub is that almost everyone here has a very specific number in mind for retirement. It seems like it might not be worth it to burn another year or more in the working world to reach that number only to find that you are earning extra income in retirement anyway. +Everyone is throwing out different numbers for the stock split. I'm genuinely curious where the 3:1 reference came from? Everyone has been throwing out that number. I think it's because they are asking for an increase to the avaliable shares from 300,000,000 to 1,000,000,000. But the float is like 80 mil and would be able to do upwards of 13:1 if they are crazy enough. It's very reasonable to assume it's 7:1. Also I need to do more research but I think the "split" is more a new dividend. They are giving a dividend "reward" to their share holders in the form of shares. I think they are giving a share of gme and not crypto or nft. So theoretically I am assuming they will reward shareholders 7 shares of gme "sacrificing a share offering or such to raise money" for every one share they currently hold. And this is the nail in the coffin to the corrupt shorts because every single synthetic or overshorted share will need to go out and buy 7 shares of gme. Just think about that for awhile. Gamestop could be taking one for the team by not selling shares but rewarding them. And I might be wrong but if it's a reward to diamond fucking handed apes who don't sell, then the price won't split like a common stock split. Please poke holes in my theory or help dig. When in doubt zoom out. Things feel different. First time running after a earning report. So much bullish news. Gloves off on Twitter. SPY dropping again. 100% utilization over 36 days. Wyckoff playing out.. volume picking up over 10 mil everyday when I remember the day we traded under a million. Every indicator triggering.💎🙌 +Why would someone need a bank account linked to move BTC? Coinbase has been stellar for me so far, now I'm really on the fence. +My BTC are essentially inaccessible until I get this resolved. + +edit: i really appreciate coinbase reaching out. they've claimed it's a bug, and said things would be fixed within an hour, and it's been almost 2. I'm still confused why I was told twice by coinbase that I needed bank account info linked. + +edit 2: proof in the comments + +edit 3: coinbase reached out again, saying they need basic user info for transactions over $3000 (and asking for bank info was an error), but they still aren't letting me send <$3k amounts either. + +edit 4: so, according to them, any account that receives more than $3000 requires coinbase to collect basic user data (name, DOB, address) as part of FINCEN guidelines. I wish it were more clearly stated that you can receive money with no personal info on file, but no withdrawing until personal info is provided. + +People say to me all the time that the restaurant business is easily the hardest type of business to be successful in but it’s something that I kinda want to get into. + +Anyone here care to share their success stories in their restaurant business ventures? + +1. What were average total revenues yearly? + +2. What was your total take home pay from those sales? + +3. What type of restaurant was it? +My wife provides services for people with special needs. We moved across country several years ago and she retained her position, working part-time remotely since the move. Until now, she was paid hourly. + +Today she learned by email that she is being reclassified as 1099 as of the new year, and that the full details of the new compensation package would be available sometime next week. So, she has no idea what she'll be making and zero working days to figure out the tax implications. + +So...any good resources for what a person should do when they find themselves classified as 1099? + +EDIT (1/1/21): Wow, this post blew up in an awesome way. You folks are incredible and I hope you all have an excellent 2021. After significant pushback from the handful of people who were to be reclassified, the company has decided to "walk this back and revisit it in a few weeks." So at least we have a few weeks to put together a rate sheet and weigh the pros and cons. As a side note, I believe 1099 may be the right classification but that still doesn't explain why others with the same job duties would remain employees. At the end of the day, this is a part time job, my wife also works part time for another company at the same time, and we are prepared to lose the supplemental income (i.e., tell them to suck a lemon) if it comes to that. Thanks for everything! +I'm curious how it is that you convinced someone to take a chance on *YOU*, the person who had little to no credibility in real estate investing? How did you meet them? How did you offer your services? What services did you offer? Where are you now in regards to your education and investing? +I just lost an auction for a house. Not a foreclosure auction, just a fixer upper that the seller decided to sell at auction. Top bid was $230k +10% “buyer’s fee”. My highest bid was $220k. I just got a call from the auctioneer that the bidder is looking like they won’t sign the contract and has been “unsavory to deal with”. Am i allowed to confirm the identity of this high bidder? I’m just getting a bad feeling that it could be the sellers or sellers friend bidding to get the price up. I have no justification to think that other than gut feeling, but was just curious if other people have been in this situation before. + +Also, has any ever successfully negotiated in this position? There’s identifying numbers for the bidders on the site and the next highest bidder that wasn’t me or the high bidder was only $180k +How would you invest $100,000? My gut says most of you will recommend buying a multi-family, but inventory is limited in my area. There are plenty of duplexes and single family homes for sale though. Thoughts? I could probably put 25% down for either 1-2 duplexes and 2-3 single family homes. I do not need the money at the moment. +https://i.redd.it/hduna3uwhwv21.jpg + +The Richmond Highlands owner trade made me chuckle, he wants a boat or a car as a downpayment for his $12,800 home! Has anyone made any deals with no cash trades such as this? Comps in that area these days are $350k to $1M, imagine what it'll be in another 60 years! + +Found this in r/seattle. https://www.reddit.com/r/Seattle/comments/bk2xd1/1963_housing_classified_ads_from_the_seattle_pi/?ref=share&ref_source=link +So, as per usual, NO DATES given. This post is just another piece of the puzzle that confirms that the noose is tightening. + +TL;DR at the bottom + +\----- + +**What Is The OCC?** + +https://preview.redd.it/fptoodyexcr61.png?width=898&format=png&auto=webp&s=9f07214c43172dba0333bba3ab3e7eec205290e6 + +This filing can be found [here.](https://www.federalregister.gov/public-inspection/2021-06989/self-regulatory-organizations-proposed-rule-changes-the-options-clearing-corp) + +So, what is the Options Clearing Corp (OCC)? + +&#x200B; + +[Taken from Wikipedia](https://preview.redd.it/qfpvqq5wxcr61.png?width=579&format=png&auto=webp&s=5ff77fa037c65834b3ba09daf23612e283ba0c50) + +&#x200B; + +[Taken from Investopedia](https://preview.redd.it/54rbfdza2dr61.png?width=418&format=png&auto=webp&s=55c96cc4ff6dcb2670f56519003bdb6322b1def8) + +\----- + +When you download the unpublished file, you'll see that it's SR-OCC-2021-004. Inside, the rule changes are VERY illuminating. Before I go into them, I need to make the caveat that I am neither a Financial advisor or a Legal advisor. I am just am ape with time on his hands who is learning how to read all of these documents while I wait for the rocket to the moon. + +\----- + +**DATES:** + +&#x200B; + +https://preview.redd.it/wtpun10xzcr61.png?width=600&format=png&auto=webp&s=f326af63f316502d2c54c1f6cdb99b1e9549feb0 + +So, the OCC filed these changes with the SEC on March 19. The SEC published this notice on March 31st. It was filed to the Federal Register on April 5th. + +One of my suspicions to the timing of this is the events that occurred during the end of February and throughout March. On Feb 23, the price opened at $44.70 and closed at $91.71. Since then, the price hasn't gone anywhere near the $40 mark. What this tells me is that the SHORT HFs have been screwed for a while. The tide has turned. They can't cover their shorts at the $-levels that will allow them to get off with only crapes and bruises. No. At current prices, they're going to break. + +That's why I believe the timing of SR-OCC-2021-004 is particularly delicious. + +\----- + +**SR-OCC-2021-004 Purpose** + +&#x200B; + +https://preview.redd.it/gsujz3dt4dr61.png?width=590&format=png&auto=webp&s=9731f2f25d8de89468dbb834c32c9562787b34ab + +So, rule 1102 of the OCC Rulebook concerns the suspension of a Clearing Member. This suspension can occur through a number of means. + +(i) has been and is expelled or suspended from any self-regulatory organization + +(ii) fails to make any delivery of cash, securities or other property to the Corporation in a timely manner as required by the By-Laws or Rules + +(iii) fails to make any delivery of funds or securities to another Clearing Member required pursuant to the By-Laws or Rules + +(iv) fails to make any delivery of funds or securities to the correspondent clearing corporation in a timely manner, has appointed an Appointed Clearing Member to act on its behalf and such Appointed Clearing Member fails to make any delivery of funds or securities to the correspondent clearing corporation in a timely manner or effects settlement at the correspondent clearing corporation through an identifiable subaccount in an account of CDS at the correspondent clearing corporation and CDS fails to make any delivery of funds or securities to the correspondent clearing corporation in a timely manner + +(v) is in such financial or operating difficulty that the Board of Directors or a Designated Officer of the Corporation determines and so notifies the appropriate regulatory agency for such Clearing Member (or, in the case of a Non-U.S. Clearing Member, the appropriate Non-U.S. Regulatory Agency) and the Securities and Exchange Commission or the Commodity Futures Trading Commission that suspension is necessary for the protection of the Corporation, other Clearing Members, or the general public; or + +(vi) in the case of a Non-U.S. Clearing Member, has been and is expelled or suspended by its Non-U.S. Regulatory Agency or any securities exchange or clearing organization of which it is a member. In addition, the Board of Directors or a Designated Officer of the Corporation may summarily suspend any Clearing Member in accordance with Rule 707 or Article VI, Section 25 of the By-Laws. In the event that any Clearing Member is suspended, the Corporation shall cease to act for it except as hereinafter specified. If the determination to summarily suspend a Clearing Member is made other than by the Board of Directors, then notice of the suspension must be given to the Board of Directors as soon as practicable. + +**So, this rule (SR-OCC-2021-004) is a statement of what will happen to get MONEY from any Clearing Member who ends up SUSPENDED due to rule 1102. Specifically, it is to amend the rules of the AUCTION that will happen when a Clearing Member defaults.** + +&#x200B; + +https://preview.redd.it/wvgkcqkj7dr61.png?width=601&format=png&auto=webp&s=4c2fa373edfc3781d4cc2d90745c36a948f74307 + +\----- + +**Who Are The OCC Members?** + +&#x200B; + +https://preview.redd.it/mgp9ga317dr61.png?width=899&format=png&auto=webp&s=4308174024fd988803905012be9ea52e75db2c7e + +&#x200B; + +https://preview.redd.it/iakp3lk57dr61.png?width=860&format=png&auto=webp&s=1e4cde9b95adc83ee5444bfa19ca6cd9a365194b + +Yes, there are a lot of members of the OCC... Citadel included. + +\----- + +**Why Did The OCC Make These Changes?** + +&#x200B; + +https://preview.redd.it/q139feob8dr61.png?width=585&format=png&auto=webp&s=b826d477a50780b69d0c281d305a5a6307fa8bfc + +When the OCC begins their auction of the DEFAULTING MEMBER, they want everyone to come and pick the bones clean. They want the DEFAULTING MEMBER's remaining portfolio to get bought out in order for the MONEY they owe to be collected in order to minimize the loss to the OCC and the other members. + +&#x200B; + +https://preview.redd.it/9z5z8k3s8dr61.png?width=602&format=png&auto=webp&s=10bc3b593be2cd50dd7f5a2c862572ea9b25ea8a + +Lots of ASS covering going around... from the DTCC and now the OCC. Makes sense seeing that this isn't just a Short Squeeze we're talking about. This is the MO-ASS. MO-ASS = MO-ASS COVERING. + +\----- + +**What Are The Changes? Part 1: Clearing Members** + +This one is big. The original version of RULE 1104 .02(c) is this: + +&#x200B; + +[Original Rule](https://preview.redd.it/nk875b1f9dr61.png?width=953&format=png&auto=webp&s=bb604b7304ee1e274b1d251215a39fbc031d68e5) + +What this means is that when the OCC does an auction, CLEARING MEMBERS have to fill out paperwork in advance in order to participate in the auction. If you're a nonmember, you need to check the OCC website to look for any auctions and file paperwork and such. More importantly, these members will have to be INVITED. + +The new rule changes things up a bit. + +&#x200B; + +[New Proposal](https://preview.redd.it/4148uu70bdr61.png?width=607&format=png&auto=webp&s=411f76e3eccaf2515ad10e1edb76967d209dca5d) + +What the OCC is saying is that anyone who is a CLEARING MEMBER can participate in these suspension auctions. Basically, the doors are wide open. On top of this, they included this change as well. + +&#x200B; + +https://preview.redd.it/f49a3bctbdr61.png?width=599&format=png&auto=webp&s=c299ccf2e4996fdbc3c9d2e8622d28138fc9d799 + +From my interpretation, what I believe this is saying is that if any Clearing Members completed ANY auction documentation, even if it's not relevant for a specific auction, they are pre-qualified. If my interpretation is correct, this also lowers the requirement to be involved in an auction for Clearing Members. + +\----- + +**What Are The Changes? Part 2: Non-Clearing Members** + +This one is a huge change in my opinion. + +&#x200B; + +https://preview.redd.it/p1xhvkftcdr61.png?width=613&format=png&auto=webp&s=dd5fe900b543051e215ed204edaf16e76dacf4ef + +Non-Clearing members are also welcome to the auction without the need to be invited to it. There are 3 things they need to do in order to become pre-qualified auction bidders. + +(i) having a Clearing Member sponsor to submit bids on behalf of the non-Clearing Member + +(ii) having a Clearing Member agree to guarantee and settle any accepted bid made by the non-Clearing Member, and + +(iii) completing any required auction documentation in advance. + +There is also this: + +&#x200B; + +https://preview.redd.it/5r93g33vddr61.png?width=602&format=png&auto=webp&s=9b4b70d42a091a6d5d0680b4c91289b9115536a2 + +This further opens the door for non-Clearing Members to participate in auctions. + +\----- + +**What Are The Changes? Part 3: Confirmation Of Intent** + +&#x200B; + +https://preview.redd.it/049rrb7nedr61.png?width=621&format=png&auto=webp&s=8889c2a20f484010e794b34520204e701a06a073 + +&#x200B; + +https://preview.redd.it/a75ud46vedr61.png?width=607&format=png&auto=webp&s=5db2ddc7332ba2482dbc49612f744c5e545bc4ec + +The deletions confirm that the OCC want as many people to join in on these auctions in order to gain the maximum amount of money possible so that the OCC can cover the losses incurred by the defaulting members. + +\----- + +**When Will This Come Into Effect?** + +&#x200B; + +https://preview.redd.it/30d2u2avfdr61.png?width=618&format=png&auto=webp&s=eef7144d59ff1289ffa8cbcd48710ae196859a6d + +The publication date is 4/6/2021. So, any time starting tomorrow to 45 days from then to 90 days from then. + +\----- + +**TL;DR** + +The OCC is increasing the opportunity to participate in auctions that will recoup the money lost by Clearing Members. This is good for 3 reasons: + +1) The OCC senses blood in the water. Some members have fallen and will continue to fall. + +2) The OCC wants to protect themselves from having to pay, the same as the DTCC. That could mean that they expect the blowup to be big enough that it'll affect them... do you smell MOASS? + +3) For everyone who asks, "HOW WILL WE GET OUR TENDIES???" Well, this is one of the ways we'll get it. Clearing Members and Non-Clearing members will buy the DEFAULTED MEMBER'S portfolio in an auction and that money will be used to cover the SETTLEMENT ACCOUNT. +Therapist ape here. I've seen a post or 2 like this this morning and if you are feeling any of the above regarding GME then take a break from GME. Stop checking the ticker every few minutes. Stop coming to /r/Superstonk multiple times a day. Stop talking about GME with friends for a week. + +This is emotionally exhausting stuff we are experiencing and learning about. Discovering that there is a cabal of greedy and powerful people who have their thumb on you and are working every day to take even more of what little you have invokes a lot of feelings. Seeing a stock you love rocket up and plummet down and rocket back up invokes a lot of feelings. Posting your honest opinion and getting heckled by shills invokes a lot of feelings. This short squeeze IS WORK. And when you are emotionally tired from work you don't quit you TAKE A BREAK. Recharge your batteries. Allow good news to develop. Allow the seeds we are planting to grow. Allow yourself to integrate all of the new experiences and new information you are taking in. + +Trust your fellow apes to hold the line. + +When you return from your break the memes will be funnier. The shills will be more obvious and less effective. You will have more space for more DD wrinkles in your smooth brain. And most importantly you will be better able to remove your emotional investment from your financial investment and allow your investment thesis to play out without stress. + +As always - Buy, Hold, and Buckle up 🚀🚀🚀🚀 + +### +If they are essentially gambling why do they come out on top almost everytime? Well because they are right about predictions more than they are wrong, but why? Where did they learn this? I know most of it is personal experience over time, however trading is infamously risky, and I'm guessing it's because the people that are losing more than they are putting in arent doing the things they should be doing, so back to the people who are profitable enough to take risks all the time, what things are they doing that others aren't doing? There must be a set of fundamental rules that they are following and I'm aiming to find out what they are. +**Edit:** I have spoken to the director of ADRA today. $110 is enough to get 3 homeless people national identity cards (needed for everything), and health insurance for a year. This will then allow them to access other forms of government assistance worth $840+ yearly. This will give provide over $2500 in assistance to homeless people who want to turn their lives around. + +Another $80-90 will go to buying personal hygiene things for homeless people at the homeless shelter. Finally, the smaller moon donation amounts (3-20 moons), I will use to buy Pizza and drinks for homeless people on the streets on a as-need basis. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Yesterday, u/anotherjohnishere tipped me 2000 moons. Here is the story, and what I'll do with it: + +It started off as a bit of a joke. I saw a post stating that John loves tipping moons, so I [asked for 1000.](https://imgur.com/a/tp2J4jx) Little did I know where it would take me. A few minutes later, I saw [this reply.](https://imgur.com/a/lkYdwgB) He actually gave a stranger on the internet 1000 moons! I was shocked. I didn't know much about moons, so I did some research. + +Little did I know, 1000 moons is roughly \~$100. Now, I know this may not be a lot of money in the US, or in Western Europe, but where I am? That's a week's pay. So I sent him a message, thanking him and letting him know that, while it may not seem like a lot, it's kind of huge for me. + +After I told him, what did this mad lad do? He sent me [another 1000](https://imgur.com/a/mxqemc6)! Another 1000.... I didn't know what to do, or what to make of it. All night, I wrestled with what I should do. Then I decided. I'm going to pay it forward. + +I'm personally not in desperate need on money, but a lot of people around here are. The government had funded a grand total of \~$195 of 'benefits' to citizens since corona started- total- and many people are struggling. So I decided that I'll make [small care packages](https://imgur.com/a/FI400Tw) of food for people in need. These care packages cost around $20-30 each, and will be able to feed 2 people for up to a week. To those interested in the specifics of what's inside, [here you go](https://imgur.com/a/Y72KYF1). + +Tomorrow I will be going to the local homeless shelter, which is currently at 30% above it's maximum capacity, and will be purchasing them whatever they are in urgent need of. I am also in talks with a local university, to be able to use their leftover lunches, and with that, open a kind of soup kitchen for those in need. + +I know moons are controversial. But this is just a real life example of how MOONs, and cryptocurrencies in general, can change the world. + +tl;dr got tipped 2000 MOONs, which will help anywhere between 4 (directly) --> up to 139 people (indirectly at the homeless shelter). All thanks to u/anotherjohnishere +http://www.zerohedge.com/news/2017-05-31/ethereum-forecast-surpass-bitcoin-2018#comment-9633923 + +"The deflationary aspects of a free market avalanche of investment capital into cryptocurrencies is terrifying, especially for a world that is drowning in debt represented by existing national currencies. + +Here's the frightening scenario : you owe several hundred thousand dollars or yen or euro on your mortgage and other debt. Your employer is pretty hip and they start paying you in this new cryptocurrency because they see the currency rising so they have transferred all the company's cash assets including payroll into a cryptocurrency. They hope the transfer will lead to increased bottom line earnings for the company, since the cryptocurrency keeps rising and that means the company may enjoy a currency arbitrage profit as their former currency not in crypto keeps rising and providing profits. + +For you, the new payments in crypto are great, because by the time you finish paying your bills each month your paycheck has risen in value...so its like getting a bonus with every paycheck ! What's even better, you easily transfer enough cryptocurrency each month into dollars because the mortgage servicer who you sends your mortgage to specified in the mortgage agreement that your payments will be in dollars. So too did the credit card companies. So you translate some of your crypto paycheck into dollars and pay your debt bills. + +Here's where it gets interesting... + +The mortgage servicer and the credit card banks receive your dollars as planned. But like you, they are having to start transacting more business in cryptocurrency as the world marches toward the brave new world, and so the dollars they are being paid by you to settle your debts with them are becoming less and less powerful in terms of how much cryptocurrency those dollars can buy. In real buying power terms, the banks you owe money to start losing buying power when they have to translate dollars they are paid into cryptocurrency, and that is causing the banks to suffer loses to its overall earnings. + +When banks start losing money, they become more cautious and lend less money. There will be the constant losses doe to currency translation from dollars to crypto, along with risk managers in the banks cautioning not to make new loans in crypto because the more the crypto rises in value against existing currencies, the more likely will there be a correction in crypto value that means the crypto collected on the new loans will be worth less than the crypto lent. + +When banks reduce their appetites for making loans, economies slow down and suffer. The gain that indebted consumers made from the cryptocurrency translation resulted in offsetting losses for banks. Since there are a lot fewer banks than borrowers, the gains for each individual borrower are a lot smaller than the huge losses that the banks will take in receiving loan payments in a currency that is in free fall because of the supply-demand equation for the more favored crypto. What you then have is a mortgage crisis like in 2007, magnified several times over. In the mortgage crisis, individuals received small benefits by living in homes without paying mortgages, while banks and holders of mortgage backed security liabilities died a death of a million slashes as they absorbed all of the defaults. This time it will be far far far worse. + +What makes this scenario even more catastrophic is that in order to stay in business, the banks will need massive capital infusions from governments, just like last time. But since governments cannot mine cryptocurrency like they could print currency, whatever infusions of liquidity they make to the banks to save them will simply serve to push the value of cryptocurrencies higher, causing this entire process to multiply to the point of runaway reaction. Cryptocurrency mining procedures are just too small and difficult and time consuming to be useful in a liquidity starved world. + +The solution, of course, is to pull the cryptocurrency plug once the problem appears. But as we see time and again in financial crises, by the time the problem appears its way too late to take corrective action that would avert a catastrophe. + +So that's where the world unwittingly is going, and because governments have lost so much trust in their constituencies, and also because they have shown an incredible set of blind eyes to work on fixing problems, this deflationary firestorm will occur and destroy the world's financial system. There is a huge amount of money to be made on all of this, just think about who gets hurt if the major banks really fail and the governments are unable to save them. Bank stocks, industrial stocks, home builders, home furnishers...basically everyone. This is the one scenario in which the stock market could not even be saved by the government printing press...what an interesting idea ! + +So from an investment standpoint, the growing wave into cryptocurrency will provide the investment opportunity of a lifetime. Its the perfect storm...it combines the seemingly universal dislike of government intervention to prop up highly overvalued stock markets so the rich get richer while the working person cannot get a decent raise, with the also seemingly universal desire to keep the internet free and beyond the clutches of government regulation. It gets rid of these dastardly Central Banks that have done nothing to help anyone but that same wealthy one percent that benefits from zero percent interest rates, and individuals love the perceived strength that a currency freed from government entanglement means to a free world. Everyone sees the nirvana, but hardly anyone understands the devastation that deflation has on a world so over-leveraged on debt. + +Interestingly, the winnings from this deflation have nothing to do with whether you decide to put a few thousand dollars into Bitcoin so you can look cool to your kids and co-workers. No, the profits in this one will be in the old school avenues, assets denominated in the old currencies that crypto is looking to replace. Imagine shorting Goldman's stock and actually seeing it drop and stay down. Or seeing Berkshire Hathaway put that old man who has been a beneficiary of his time sink into oblivion and turn the old wizard into an old fool. + +The most interesting times in the financial world occur when the world moves from one age to another. Think of agrarian to industrial, industrial to government/military, and now government/military to information age. At all of these interfaces, the seams were sharp enough to cause a terrible rip in the fabric of the world economy, and winter came in the form of global depressions to wipe away the old leaves and dead wood. Cryptocurrency will be the death knell of the government/military age, because it takes government out of controlling the money. There will be a new money with millions of new overseers and a free market that replaces the dominance of small cabals of government bureaucrats who dictate the terms of commerce in the world. + +That seam is going to be greater than most in the past, because of the magnitude of what is being replaced and the terribly ripe condition that exists to be replaced. The interface will be epic, the transition states along the way will be horrific. Remember what Brad Pitt cautioned in The Big Short :"...for every one point rise in the unemployment rate, 40,000 people die". That relationship will rise when this nightmare takes hold. + +It’s so interesting how a development led by young people - the advent and expansionary use of cryptocurrency - still will be subject to the old rules of society. The axiom "may you live in interesting times" - originally intended to be a cautionary advisory - along with the caution to "be careful what you wish for as it might come true" both ring in my ears as I contemplate how cryptocurrency will be the bleach that washes away the excesses of a dying age in favor of the birth of a new one. + +Economic depressions are magnificent social colonics, as they wash away all of the filth that accumulated in the prior age. Every bad thing that you saw on display in the lead up and psot script of the financial crisis is about to be gutted and burned. Yet the world will enter its new economic age hamstrung by the pains of paying a severe penance for its foolishness of the age it is putting to rest. The best thing about economic depressions is that the greatest transfers of wealth - usually from the haves to the have nots - occur in these times. + +So if you really believe that cryptocurrency is here to stay and the next big thing of the future, then take precautions now and get yourself in position to be one of these beneficiaries of the transferring wealth. Have your plan ready, you will know when its time to execute. Fortunately for the foolishness of the Gods of the old world, they have put up the prices of assets so high that you will have plenty of time to get onboard when the train starts heading down the mountainside. + + + +Enjoy the ride !" -Harry Lightning + + +In 2006, the Fed decided to abort publishing the M3 stock, dismissing it as "irrelevant and not being part of monetary policies for a long time" + +But the truth was, M3 was increasing at a much more alarming rate (nearly 2x) than M2 following the dot-com bailouts in the early 2000s. Just as the Fed and pro-administration pundits habitually make sure to focus on whatever consumer price measure increases the least to play down inflation, the Fed wanted to divert public attention towards a money supply measure which was increasing at a relatively lesser rate at the time - the M2 stock. + +We all know what happened 2 years later. + +Now fast forward 15 years, this is what M1 and M2 look like + +&#x200B; + +[M1 Money Stock](https://preview.redd.it/uu489cywuz271.png?width=1167&format=png&auto=webp&s=228f277cf10f073b536140e25ce9ffa87edef693) + +&#x200B; + +[M2 Money Stock](https://preview.redd.it/5ambkp70vz271.png?width=1164&format=png&auto=webp&s=684238dad9f8178843e5bebb2239b572bef6dd63) + +As you can see, M1 stock, which is all the loose money in active circulation plus your checking bank deposits, is melting faces and going to the moon! + +**M1 has risen from $4 trillion in March 2020 to $18 trillion in February 2021.** + +M2, which is M1 plus savings deposits and funds, is up as well but not as much. This is a clear indication that people have been forced to abort saving/investing. + +Both these metrics are a bad look for the economy. So for the time being, the Fed has stopped the weekly release of this information while they figure out how to spin this in their favor just like they did in 2006. Again, we know what happened 2 years later. +The quote in the title is common when people are bullish after good news. I’m not going to go against it, if it works it works, but I’ve always had one question(also obvious in the title lol): where do you get the rumor? + +You can’t download a news app and get rumors off there, because isn’t that news? + +Do I listen to random people on reddit who are balls deep in a penny stock nobody’s even heard of(no, no I don’t)? Or who are posting bullshit charts and qualitative analysis trying to pass it off as DD(shoutout to the people who post real DD on here, i acknowledge the dedication & skill it takes for one of those posts)? + +Where do I get these rumors? Should I start a joint account with a homeless guy who claims he has a 1000% per year guaranteed strategy? +I am trying to learn more about investing and trying to make my own procedure to do my research on stocks. I have read books about value investing, stock analysis however I wanted to know what procedure or online tools you guys use for your research? Thanks in advance Cheers!! +Edit: thanks to all who commented. I recieved a lot of valuable input from everyone and I hope others were able to benefit also. Lot of learning to do still. + +For the first time in history people were given a way to directly exchange payment for goods and services instantly any where in the World. No middle men controlling the transaction, asking for ID or telling you where and who you could and could not send to. No middle men purposefully slowing the transaction down and adding whatever fees they deemed justifiable. + +And what has a large part of the Bitcoin community seemed to have done? + +Firstly they've turned it into some sort of penny stock, tricking themselves into thinking they are professional day traders and firmly establishing a direct connection to the very thing Bitcoin tries to better (fiat currency). + +And secondly they went and handed a serious % of all Bitcoins in existence over to a complete joke of an operation run by a complete joke of a businessman. + +What the hell? + +Whenever I see someone talk about Bitcoin it's in relation to "what it's worth". "How many $s is it now?" "wow Bitcoin is going down!" "wow Bitcoin is going up!". It's as though they have completely misunderstood the true meaning of what Bitcoin is and instead become some greedy wannabe trader, with no clue or prior experience on what he's doing. + +It still amazes me how much hate and anger people had/have towards banks and then how easily and willingly they gave up so much trust and power to a couple of major exchangers who acted worse than said banks. It really is a joke when you think about it. How many hundreds of thousands of Bitcoins were lost to Mt. Gox? How many to other failed exchangers? How many Bitcoins are in the control of a tiny monitory of people just hoarding them? + +The people I have respect for in this community are those who develop applications and services to help make Bitcoin easier and more open to the public. The people who use Bitcoin daily or weekly for goods and services. They seem to be the minority though. I truly think the vast majority just sit in their chairs all day refreshing coinmarketcap.com and having meltdowns like a spoiled 5 year old child when the price doesn't go the way they expected. + +/rant :) + +**Edit:** damn I messed up the title. Should be 90% of Bitcoin USERS, not uses +There has been tonnes of interest in the (most recent) Australian house price boom of late in this sub, but I was interested in people's opinions regarding the potential fall out of an apartment price crash over the coming months. + +It's looking like international students won't be returning to Australia until 2022, and even then, I wonder what sort of caps will apply given the high levels of underemployment among under 25s in the post-covid economy. Compounding this issue is a huge oversupply of apartments as inner city professionals consider the importance of a study or extra bedroom to accommodate working from home which in my view will continue to be offered for at least 2-3 days per week on average into the future. + +Apartments continue to come online around my area and a quick REA check has single bedroom dog boxes in Heidelberg priced at $450k. Surely there is no market for apartments at this price point given how difficult it would be to secure tenants and/or sustainable yields given that rents continue to depreciate. + +Are apartment investors guaranteed to be cleaned out here? Are we looking at potentially tens of thousands of apartment owners forced to sell at huge losses? +Well my partner and I are in our late twenties and we finally have a deposit ready to go. We weren’t really planning on purchasing till next year but seeing as we can’t travel this year we’ve seen our savings jump up and we thought we may as well buy a home. + +We started to look at open houses and even subdivisions in the middle ring of Brisbane but the more people who we tell we are thinking of purchasing the more of them are telling us it’s not a good time to buy. Now I’m having second thoughts. + +Is there anyone else in the same boat? Did you plan to buy but are now thinking you’ll have to wait a few more years? I don’t really want to spend 128,000 on rent in years to come that could be put towards a mortgage. + +I work for one of the largest food manufacturing businesses in the world and she works for a large company involved in the mining industry. I see our jobs as reasonably stable as both companies are still performing very well even under normal circumstances. But I know in a full blown recession pretty much only govt jobs are truely safe. +Currently on ING for 0 fees but the functionality and UI is limited. + +Edit: For specificity I want to automate my short term savings as much as possible, as well as portion off %’s of less frequent payments like utilities, telecom etc. + +e.g If I have an energy bill of say $500 every 3 months, I would automate an x amount transfer to an ‘energy’ pool each week, so when the debit comes around it’s sum is $500. + +Thanks for all the feedback so far, love this sub +Last July, I bought a 2015 Hyundai Sonata. It was my first time ever financing a car so I’m pretty new to financing and the car was running great up until December 2021. My battery died on me so I got a jumpstart, then it died again so I bought a brand new battery. Then I got a letter in the mail saying they found a recall on my car. I took it to the dealership and they fixed the recall for free. + +Then in March, my car started to do this weird shaking, knocking under my hood. It was $900 to fix that. Then A month ago, my boyfriend changed my spark plugs because they needed to be changed for about 2 months but I didn’t have money to afford it at the time so I think I did more damage by driving the vehicle with worn spark plugs. After he changed my spark plugs, my car will not start at all. I would put the key in the ignition and it would try and click but nothing would happen. I can’t drive the car at all, let alone turn it on. I had my uncle and my dad look at it and they say that I may need a new alternator which I’m assuming is a few thousand dollars and I unfortunately do not have any money to fix that issue. + +I also still have to pay $400 every month for my car note but with me needing to pay a few thousand on a new alternator, I’m really lost at what I should do. If I buy another car, they’re just going to add the $8k I owe onto my new car. I really don’t want a cash car either because those tend to be pretty unreliable. My credit score isn’t good enough to finance another car also. I feel so stuck and don’t know what to do but I really need a car to get to work and I’m tired of relying on my boyfriend for transportation and my sister :/ +First, Stock Dividend is not uncommon. + +Can broker fuck you on this? Maybe. + +But any legit broker will allow you to chose the execution on how you wish to receive dividend. + +# TLDR + +Go to your broker profile setting page and look for dividend option. Update it to reinvest. That's all. + +Very common practice. Nothing spacial. + +But, I understand our ground is mixed with new trader. Below is a pictured step guide. + +&#x200B; + +**By the way, Mods still did not add my guide to CS master thread.** + +**If you still have "Stop Trade Restriction" issue with ComputerShare. Read This Guide:** + +[https://www.reddit.com/r/Superstonk/comments/to9838/guide\_on\_how\_to\_remove\_stop\_trade\_restriction\_on/](https://www.reddit.com/r/Superstonk/comments/to9838/guide_on_how_to_remove_stop_trade_restriction_on/) + +&#x200B; + +**\*\*Edit: Adding ComputerShare** + +**\*\*Edit 2: Don't touch your ComputerShare setting, I don't really care. You do you. CS share are safe in whatever setting. This guide is only intended for broker. Don't bring the topic away from that.** + +\*\*Edit 3: I don't know any other broker's setting. Please just go into account setting to find out. This is no difference than game setting. When I start a game, I usually spend 20 mins to look through all possible game setting and adjust it to my favorite. You all should do the same to broker website. Like... we are not some boomer here. Looking through settings are not that difficult.... + +# Fidelity + +1. Go to "Account Features" +2. Expend "Brokerage" section +3. Click "Dividend and Capital Gains" +4. Click "Update" for your GameStop account +5. Select "Reinvest" and "Update" + +https://preview.redd.it/ts15xdbt0wq81.png?width=681&format=png&auto=webp&s=fcd7c78f3b477cbd711d9d970b085fe69105bc8a + +https://preview.redd.it/zqoet0av0wq81.png?width=1447&format=png&auto=webp&s=d63e8b63901ed2d810f762f26fe4c00858d9a097 + +https://preview.redd.it/m8jj2nsh62r81.png?width=759&format=png&auto=webp&s=fed2d2da2f40dd83c9ca0fb791bc6eda84481d93 + +# TDA + +1. Go to "My Account" +2. Select "Dividend Reinvestment" +3. Select "Stock and ETF Dividends" +4. Click "Edit enrollments" +5. Check "Automatically enroll in DRIP" and "Save" + +https://preview.redd.it/2jksbmwj1wq81.png?width=1200&format=png&auto=webp&s=eda71d1f7932d719d3f974d12b94d736391ad66f + +https://preview.redd.it/5989xf0r1wq81.png?width=1159&format=png&auto=webp&s=9b62c0bfce5dfd6ff3f0f039946b4b42e9018b4d + +https://preview.redd.it/ib3grzmr1wq81.png?width=1163&format=png&auto=webp&s=69290a507b1e72d38fc89a826083de37dc8a6816 + +&#x200B; + +# Interactive Broker (by u/OutrageousBid699) + +[https://guides.interactivebrokers.com/am/am/manageaccount/dividendreinvestment.htm#:%7E:text=Dividend%20reinvestment%20is%20an%20option,choose%20which%20dividends%20to%20reinvest](https://guides.interactivebrokers.com/am/am/manageaccount/dividendreinvestment.htm#:%7E:text=Dividend%20reinvestment%20is%20an%20option,choose%20which%20dividends%20to%20reinvest) + +To enable and disable automatic dividend reinvestment + +1. Depending on your account, access the dividend reinvestment option from the following pages in Account Management: + +* Individual, Joint, Trust, IRA, Small Business Accounts - **Manage Account > Account Information > Details > Account Details**. Enable dividend reinvestment by clicking the *Edit* link in the Account Configuration section. +* Proprietary Trading Group STL Master User - **Manage Traders > Traders > View**. Enable automatic reinvestment for an individual trading sub account by clicking the blue pen icon in the Dividend Reinvestment column. +* Advisor and Broker Master Users - **Manage Clients > Dashboard**. On the Dashboard, click the account row for the desired client account to open the Client Account Details page. Enable dividend reinvestment by clicking the *Edit* link in the Account Configuration section. + +1. In the popup window that opens, read the important information, type your signature in the field provided, and then click **Continue**. Click the **X** in the upper right corner to close the popup window. + +Automatic dividend reinvestment is effective the next day. + +1. To disable automatic dividend reinvestment, click the same link you used to enable the option. +2. In the popup window that opens, click **Unsubscribe**. Click the **X** in the upper right corner to close the popup window. +Something different as opposed to my usual uranium post, but in my opinion the opportunity that is presented in silver is worthy of a post on its own and as I mentioned before in my broad commodities post, it is my second favorite investment asset in the current market. + +So what makes silver so compelling, even after it already ran up a lot between the March lows of roughly 12 dollars per ounce and the subsequent rise to above 28 dollars a few months later. Since that moment, silver corrected and has been trading mostly sideways, looking to be building a base for the next leg up. Today it is trading at around half what it was at the previous peak of 50 dollars and I believe we will reach that all time high again, or at the very least get close to it, perhaps starting this climb even as soon as the end of Q2 2021. Having said that, I will not rule out a final dip before this run commences (more on that later) and this should in my opinion be viewed as an opportunity for those wanting to invest into the silver market. + +So why would silver run up more than it already has? Because of two reasons. The first reason has to do with the fact that silver is looked upon as a precious metal, a monetary metal even, that people purchase as a hedge against inflation. In that regard, it serves the same goal as purchasing gold would. With a Biden presidency now on the horizon, it has been clear that their immediate objective is to provide new stimulus. Joe Biden has publicly stated that he thinks 600 dollars per person is not nearly enough and that is should be upped to around 2000 dollars. The massive amount of stimulus will help fuel the next run in commodities and the general stock market, but especially gold and silver, because it devalues the dollar even further (which has been on a downward trajectory). + +Now, given what was stated above, why don’t I just buy gold instead? Isn’t it the better monetary metal and an ever better hedge against inflation? Some might argue that it is, but the hedge part is only part of the reason I have added silver miners to my portfolio. The other reason has to do with the two things everyone on this sub loves so much: Electrical vehicles and renewable energy. The thing these two investment assets have in common, is that they require silver and a decent amount of it as well. Unlike gold, 60% of all silver demand comes from industrial usage. The amount of silver used by the auto industry alone will reach an around 70 million ounces by 2030, up from 45 million ounces back in 2017. Silver is very important for the renewed focus on electric vehicles, as is further elaborated upon in [this document](http://www.lbma.org.uk/assets/Alchemist/Alchemist_90/Alch90OConnell.pdf) . + +Now, as for renewable energy and specifically solar, [this article](https://towardsdatascience.com/why-green-silver-just-might-be-the-new-black-gold-1694ac5562bf) put it best. We need silver for renewable energy and for solar energy it can be reduced should it get too expensive, but definitely not fully replaced because of its unique properties. We will need *a lot* of silver for things like the green new deal and the focus it puts on solar power generation and reliance on batteries. + +There are also other drivers, like the fact most pieces of the technology which have become integral to the way we go about living our lives also hold silver in various amounts. As you can see, silver is a very important metal. Not just as a hedge against inflation, but mainly as an industrial metal. Demand is increasing, but supply can’t be scaled up as easily as most might think. The reason for this, is that there are actually relatively few pure silver mines as opposed to copper or gold mines. Silver is often a byproduct produced from other mines. This makes it a lot harder to scale up the silver supply to meet the demand side. What also doesn’t help is that silver, like any commodity, has been through a cyclical downturn that ended around 2017 and has been slowly building momentum since. Before that however, there has been severe underinvestment into the sector, which translates into heavily reduced exploration and development of silver projects. Sure, now that silver prices are higher, they are starting this process again, but this takes time. Only a handful of projects ever properly make it into production and this can take several years, meaning that the cyclical downturn between 2011 and 2017 still weighs heavily on the sector today. This bull market still has plenty of legs and I believe it could run with the broad commodities bull market for several more years. + +Lastly, for those who value technical analysis as well, silver just bounced off of the 200 day moving average and has backtested the previous resistance level from the recent highs. If this support holds, it confirms that the lows are in and that the next leg up can begin. There is however a chance that there is one final plunge before that leg commences. In that timeframe the dollar could have a small bounce, coinciding with the drop in silver, but will continue its downtrend quickly after that. Both from a technical as well as a fundamental standpoint, silver looks to be much higher by the time Q3 of this year rolls around fully. + +TLDR: In summary silver is both a hedge against the devaluation of the dollar and a play on increased industrial demand due to prevailing macro trends around the world in the form of electric vehicles, renewable energy and other technology (phones, computers, batteries etc.). With increasing demand and a supply side which can’t be scaled up easily, price of silver looks set to go much higher from this point onwards. For every dollar that is added to the silver price, silver companies will move significantly more than that as their margins and free cash flow increases. I predict 40-50 dollar silver by the time we go into the end Q2 2021 and a significant increase in the share price of the underlying equities, with the disclaimer that in the very near term (this month) it could take one final plunge downwards before moving up like it did between March and August of last year. + +Disclaimer: For new investors that want exposure to this market, but don’t want the risk of owning an individual company, I would advise to look at the ETF SILJ, which holds silver juniors and looks to be the best positioned ETF to take advantage of this bull market. Make sure to always do your own research, I am merely here to present an investment case for a metal I believe to be undervalued relative to where it can go in the near future. Good luck to everyone and have a good day people! +**General Overview** + +* We are at a time where investor demand has been proven in the cannabis sector, yet the stocks for the leading US companies in the space are difficult to buy and undervalued compared to their hyped Canadian counterparts. These US companies have much stronger balance sheets, are growing faster, get much less media attention/hype and trade for far lower multiples than their Canadian counterparts. Given that the USA is currently the largest cannabis market, both in legal and illegal sales, and is poised to become the global leader in legal cannabis, I truly see no other investment opportunity quite like this currently available in the market for the average retail investor. I firmly believe that the US cannabis market is one of the best investment opportunities for the upcoming 3-5 years and potentially longer. + +**The Market:** + +* The cannabis market consists of the plant and flower itself, topicals, oils, edibles, beverages, vaporizers/equipment as well as cultivation and real estate. While cannabis is a plant, it’s not really comparable to investing in crops like wheat, corn or other commodities. It’s more comparable to investing in wine rather than investing in grapes themselves. Just like the wine industry isn’t just about growing the grapes, or the tobacco industry isn’t just about growing leaf tobacco. These industries have some of the highest profit margins among consumer products. + +* Data from legal states and countries have reported a similar trend - cannabis flower is the top seller initially, while edibles/topicals and other alternate forms of cannabis are trending up and many experts believe that these will be the top sellers in the future. Many people will simply not smoke or vape anything, but would be open to trying cannabis in a food or topical form if it were available. + + +**US Cannabis as an investor:** + +* Since Cannabis is still illegal federally in the USA, these companies cannot trade on the major US exchanges like the NYSE or NASDAQ. They trade on the smaller Canadian stock exchange (CSE) and the over-the-counter (OTC) markets. This limits the volume and exposure that these stocks get and generally makes them less attractive to many investors, both retail and institutional. + +* The federal illegality of cannabis creates hurdles for US companies. These companies do not have access to traditional banking. This means they cannot accept debit or credit cards in stores and are largely cash businesses. Also, since cannabis cannot be transported across state lines, these companies must set up their entire operation for cultivation and retail in the states they operate in. Many of these companies have operations in multiple states, hence are termed “Multistate Operators” or MSOs. These companies are integrated vertically within the states they operate in, as they create, distribute and sell their own products. + +* Finally, the lack of federal legality prevents access to investment banking and typical financing that is available to businesses. This prevents large institutional investors from investing in these MSOs, and makes large corporations such as big tobacco, pharma and alcohol unable to invest in these companies. + + +**Haven’t we already missed the boat?** + +* You may have heard of several major cannabis companies in the past and maybe even seen their stock have major run ups and felt like the ship has already sailed. I am here to tell you that there is an extremely high chance that you heard of a Canadian cannabis company, or Licensed Producer (LP) as they call them. This includes companies such as Canopy Growth Corp, Aphria, Tilray, Cronos, Sundial Growers, Aurora and Hexo. These are all Canadian companies that do not currently sell cannabis in the US. + +* It’s ironic that many of these Canadian companies, such as Canopy Growth, Tilray and Aphria, are able to be listed on the NASDAQ for the sole reason that they do not sell any cannabis in the USA, while the US cannabis companies are unable to be listed on major US exchanges for actually selling cannabis in the USA. With the major US listing comes major volume, media attention and increased access for both retail and institutional investors. For example, the Canadian companies can be traded on Robinhood, Webull, M1 Finance, Cash app, etc while the American ones cannot be found on those platforms. + + +**Canada vs USA** + +* Canada legalized recreational cannabis in 2018. With legalization, came benefits for these companies and access to traditional banking and investments, financing, availability for mergers, acquisitions, major joint venture deals and listing on major exchanges. + +* In 2020, Canada had $2.1B in cannabis sales. This is an increase of over 120% since 2019. Unfortunately, these numbers are underwhelming and speak to the poor implementation of legalization across the country and the low population in Canada. While this should improve over time, many of the Canadian cannabis companies are way overvalued and lose money year over year, only few of which have real plans for profitability. + +* Compared against Canada’s $2.1B in sales, Colorado had just over $2B in cannabis sales in 2020 alone, which pales in comparison to California’s $4.4B in cannabis sales that same year. + +* In 2020 alone, the USA had $18.3B of legal cannabis sales across recreational and medical states. For comparison, the illegal US sales were estimated to be around $60B in 2020. It’s expected that illegal sales will come down as legal sales increase and prices come down over time to match or beat the illegal market. + +* Legal sales of cannabis in the US are projected to hit $30b by 2025 while only considering states which have legalized or enacted medical laws prior to July of 2019, so this projection does not include states which have enacted cannabis reform since July of 2019 and makes no assumptions for more states to legalize or federal laws to change prior to 2025. + +* The states with legalized or medical cannabis are those in which the US MSOs are building market share and revenue. As of 2021, cannabis is legal 12 US states (California, Alaska, Oregon, Washington, Maine, Colorado, Nevada, Vermont, Michigan, Massachusetts, Illinois, and Arizona), with 3 more states (Montana, New Jersey, and South Dakota) having just voted to legalize in 2020, and Virginia just recently passing legalization to take effect in 2024. + + +* As we can see, there is ample room for growth both at the state level and federal level in the USA. Since the MSOs are vertically integrated within the states they operate in, they have higher gross margins and any changes on the federal level will only further benefit the efficiencies of these companies. + + + +**Canada vs USA - The Numbers** + +* Despite the US companies having higher growth, they carry a value many fold lower than their Canadian counterparts and have stronger balance sheets. To illustrate this, I have provided financial information on major Canadian and US cannabis companies below: + +* [Canadian LPs](https://imgur.com/a/yCvRWw0) + +* [US MSOs](https://imgur.com/a/rWfeax8) + +* The difference is actually quite staggering. The average NTM TEV/REV for the Canadian LPs is 19x and only 7.4x for the US MSOs. Most of the Canadian LPs have negative forward PEs and EBITDAs, while most of the US MSOs have positive EBITDA at decent ratios to TEV and positive forward PEs. The rich multiples of Canadian LPs trading on the major exchanges is further proof of the investor demand for cannabis companies. + + + +**Who are these US cannabis companies?** + +I have provided some financial data for two of the largest US cannabis companies, Curaleaf and Truelieve. The point of this is to show that these companies are not fly-by-night operations that are on the verge of bankruptcy or insolvency. These companies are bringing in hundreds of millions of dollars of revenue each year with strong balance sheets, all while operating under the very limited federal establishment. + +**Curaleaf:** + +* Curaleaf has 101 retail locations, 23 cultivation sites and 30+ processing facilities across 23 US states, and holds #1 market share in legal or medical sales in many of them. +* 2020 revenue was $626m, up 183.5% YoY. +* Gross profit was $315.5m, up 266% YoY +* Adjusted EBITDA was $144.1M, up 556% YoY +* Estimated 2021 revenue of $1.2B with 53% gross margin and $365m EBITDA +* Curaleaf is the market leader in New York, a state which is widely expected to be legalizing cannabis in 2021. + +**Truelieve (as of Q3 2020):** + +* Truelieve has a presence in 6 states, but is the market leader in Florida, which currently has medical use of cannabis, operating 66 stores in the state alone and serving over 383,000 patients just in Q3. +* Florida is expected to vote on cannabis legalization in 2021. +* They are on track to do $515m in revenue in 2020, up 103.8% YoY with $253m.07 EBITDA, up 91% YoY. +* Expected gross margin for 2020 is 72%, up from 65% in 2019 +* Estimated 2021 revenue of $825m, $375m EBITDA and 70% gross margin + + +**The bear cases** + +***It’s just a plant, can’t people just grow it at home?*** + +* Of course it is possible to grow cannabis at home, but most people aren’t going to do that. You can also brew beer at home, but not many people do. It’s a nice hobby for enthusiasts, but not a real concern. + +***What about the Tobacco companies or Acquisitions/Mergers?*** + +* Investors who think that the major retail, food, alcohol or tobacco companies are going to take over and dominate after legalization are in for disappointment. These big, non-cannabis companies cannot even invest in the leaders of the current US cannabis market today. + +* Even after legalization at the federal level, cannabis will be a tightly regulated substance. It will be quite some time before you see weed cigarettes sold at every gas station just like cigarettes. In the current system, states only hand out certain amount of licenses to cannabis retailers, and the leading US MSOs have these licenses and operations set up in the legal states. The most likely federal change would entail a curbing of regulations while leaving implementation up to the states, and this will only further benefit these existing US cannabis companies. While this will likely expand over time, there’s no reason to think that large non-cannabis companies would be able to enter the space shortly post-legalization and get sizable market share without acquiring or merging with one or several of the existing large players in the US market. + +* In the event of future acquisitions, the firm getting acquired typically gets a nice boost in the stock price. I’d rather be holding the cannabis company getting acquired than the big tobacco company doing the buying. + +* I firmly believe that the best investment opportunity in the US cannabis market in terms of % return will be these leading US cannabis companies, not the existing tobacco/retail giants or the existing international cannabis companies. + + + +**Tailwinds and upcoming catalysts:** + +* Approval for cannabis legalization has been on an uptrend among the population across all age groups and demographics. As of November 2020, Gallup reported 68% of Americans being in favor of legalization of cannabis. For reference, this same poll found only 34% approval in 2001. + +* Democrats, Independents and Republicans are all in favor, with 76%, 68% and 51% approving legalization, respectively. + +* The current administration and congress is the most supportive legislator of cannabis law reform that we have ever seen in this country. While federal legalization may still be a few years out, there are some other major legislative acts that would be huge steps for the market: + +* The SAFE act: would allow banks to service cannabis-related companies in compliance with the state laws of their jurisdiction. This bill had 206 co-sponsors in the house and 33 co-sponsors in the Senate. It is currently under review by the Senate Banking Chairman, and the recent elections may put this back in the spotlight. + +* The Marijuana Freedom and Opportunity Act: would decriminalize cannabis by removing it from the controlled substance act - this bill’s lead sponsor was then senate minority leader Chuck Schumer, who is now the senate majority leader. + +* There are several other bills with varying levels of chances to be brought up or passed during this congressional session. The hope is that there will at least be changes to the banking laws through the SAFE act, or that cannabis will at least be moved from schedule 1 on the controlled substance list (indicating it has no medical value and is the same as heroin) to a lower schedule. + +* Even in the worst case of no federal action occurring under Biden, there are 9 states considering legal cannabis and 5 considering medical cannabis efforts in 2021, and more states will continue to enact laws opening them up as new markets over time until legalization at the federal level occurs. + +* Many people will outright just not risk using cannabis while it is still illegal in their region. As more states legalize and as federal laws relax, the total potential audience of cannabis users will rise, both in terms of current users and new users. + + + +**My Strategy:** + +* I am a typical retail investor in the USA. I see so much growth opportunity in this market that instead of choosing specific companies, I chose to buy an ETF which holds only US cannabis companies. This is the MSOS ETF by AdvisorShares, and it’s the only one of its kind holding only US cannabis companies. This ETF trades on the NYSE, and as such, cannot actually hold shares of these US cannabis companies due to federal law. Instead, this ETF holds total return swap derivatives on the companies. These are contracts with institutions like Blackrock where they hold the shares, while MSOS takes all the risk and gain of the shares. It has the same effect as holding the actual shares, but allows MSOS to trade on the NYSE. They are the only ETF that offers this on the market. This fund is actively managed by fund manager Dan Ahrens, a very knowledgeable manager in the space that actually wrote the book on investing in the US cannabis industry. + + +* I see this as an opportunity to invest in a market with massive growth potential and tailwinds before the floodgates of institutional and retail investors have really opened. Whether it takes 3, 5 or 10 years for federal legalization, I see continued growth in this market year over year as more states legalize, federal regulations get lifted and the companies become more efficient. + + +**Discloser:** + +*I am investing in the MSOS ETF as roughly 10-15% of my overall portfolio and plan to keep buying for the forseeable future. Cannabis is a volatile market with inherent risks, invest at your own discretion.* +I'm primarily thinking of people on this sub who invest for their retirement. + +Do you have a plan for where your money should go, if you die before you get to use it, e.g. if you get cancer and die at age 63? Presumably many will be happy to pass it on to the immediate family, but have you actually thought about this, and perhaps even made a concrete plan? + +(Sauce on age/death data: [http://employees.oneonta.edu/vomsaaw/w/psy345/handouts/demograf.pdf](http://employees.oneonta.edu/vomsaaw/w/psy345/handouts/demograf.pdf) ) + +Edit: thanks for pointing out potential flaws in the life expectancy projection. To add one of my own: people on this sub will probably live longer than the avg. American anyways, e.g. due to higher ed, access to health care, perhaps healthier lifestyles. The point remains: some of us will die way earlier than we hoped. Considering that so many here talk about 401k maxxing, etf-till-you-retire, etc., do you prep for this undesirable Plan B outcome? +Edit: **DO NOT SELL YOUR STOCKS IF TRANSFERRING TO A NEW BROKER**. **YOU CAN TRANSFER WITHOUT SELLING. PLEASE DO NOT SELL!!!!** + +**TLDR:** All $GME shares should be moved to a cash account OR have margin turned off in the account. This should theoretically force a real share to be delivered to your account to return the share that the shorts borrowed from you, thus driving up the price and reducing the amount of real shares available for hedgfucks to borrow. + +FIDELITY and ROBINHOOD (thx [u/power\_v](https://www.reddit.com/user/power_v/) ) instructions for this below. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Listen, it took me a while to switch off margin myself as it is convenient, but we all want our FUCKING TENDIES and this is one of 4 ways that us individual fish in the pond can get us there. + +1. HODL +2. BUY & HODL +3. Vote (proxy vote through broker platform only... No scam links from here) - if your shares are in a margin account it is far to late for this now unfortunately +4. **TURN OFF MARGIN** ON YOUR ACCOUNT **OR TRANSFER GME TO A CASH ACCOUNT** \- THIS IS STILL IMPORTANT NOW + +This has **literally been said a million times** but I say it once again because I know there are still loads of you out there who are: + +1. Still using Robinhood, OR; +2. Still on a margin account + +Stop using brokers like RobinHood to buy up the stock into accounts that have Instant Settlement / Margin turned when you sign up. These features mean that your shares are giving the hedge funds more ammunition (shortable shares) to stop/delay the MOASS. + +With Instant Settlement enabled, your account is a **MARGIN ACCOUNT,** meaning the broker can lend out the shares for shorting. + +In **CASH ACCOUNTS**, on the other hand, the shares settled directly into your account, and the broker isn't allowed to lend these shares out to short sellers. + +**FIDELITY USERS WHO ARE STILL ON MARGIN:** + +If you do not want to turn off margin on your account, I get it, but you do not have to turn margin off to achieve the intended result. + +Do you have a **FIDELITY CASH MANAGEMENT ACCOUNT?** Great, if you don't idk wtf youre doing but fucking make one. Its super easy so just google it. + +Your Cash Management account will be listed right below your investment account in you portfolio. Now, all you have to do is transfer your GME shares from your **MARGIN INVESTMENT ACCOUNT** to your **CASH MANAGEMENT ACCOUNT.** + +This should take literally ZERO time since its all within the same broker, and BOOM. You're done. + +Thanks for finally lifting **ONE FUCKING FINGER TO HELP THE CAUSE.** + +End angry tangent + +[u/power\_v](https://www.reddit.com/user/power_v/) provided a fantastic explanation, [here](https://www.reddit.com/r/wallstreetbets/comments/lonrbo/psa_to_all_you_autists_stop_lending_your_gme/), of this like 2 months ago and I saved his post to tell my friends and anyone else why they need to actually shift off Margin. See below: + +>**The more $GME stock that WE buy into a margin account, the more cheaply the hedge funds are able to use the shares to short it.** RH publicly posts on their '*How Robinhood Makes Money*' page that they participate in loaning stocks that are on margin for interest income. +> +>**How to prevent this on RH:** +> +>In the RH app (iPhone), Account Tab -> Investing -> Day Trade Settings -> 'Turn Off Instant Settlement' to convert your account to a Cash account +> +>Withdraw all of your leftover money/positions and put re-deposit it into a better brokerage. Because fuck RobinHood anyway. +> +>**(BONUS INFO)** How short interest can be over 100% ***without*** naked short selling (which is what a lot of people think happened): +> +>Autist A buys 100 $GME shares into a margin account on Shit Broker A (RH1 for short) +> +>RH1 lends these 100 shares to Shit Fund (MC for short) to sell short +> +>MC short-sells these 100 shares on the market, and Autist B is the buyer into their Shit Broker B (RH2) margin account +> +>Now RH2 lends these 100 shares to MC to sell short, which Autist C later buys +> +>The same 100 shares have now been sold short twice boosting SI%, but the float hasn't changed on the stock. +> +>**The only way to win this battle against the hedge funds is to cut off their ability to short the stock so cheaply.** If they can short the stock for *virtually* free, dollar-for-dollar, against retail traders, this squeeze will never get squoze. + +This is most certainly not financial advise of any sort. + +Edit: **DO NOT SELL YOUR STOCKS IF TRANSFERRING TO A NEW BROKER**. **YOU CAN TRANSFER WITHOUT SELLING. PLEASE DO NOT SELL!!!!** +The NASDAQ is down 22% on the year, and has been in decline since about November last year + +Millionaires are made during bear markets, keep buying the dips on ETFs or any solid companies and you will be rewarded eventually + +don't forget the impatient are transferring their wealth over to the patient :) + +for myself, I will be buying more $SPY than I normally do +Hey guys, long time lurker here, never really used an account. I am in a unique position and just looking for some advice/insight on my predicament. + +I failed university in 2014, and have 2 years payments and maintenance loan to pay back. This is roughly £30,000 now. I currently earn £18,000 (received £2000 bonus on top last year) a year and therefore don't really pay anything back, unless I receive a bonus. + +My grandfather died last year and unexpectedly left me his home (mortgage free) and some cash. + +I have \~£30,000 cash saved personally and has just received \~£28,000 from inheritance, the house earns 2,400 per month on rent, which will now be income. (Inheritance tax has been paid). + +Apart from student loan, and £100 credit card debt (daily expenses), I have no debts. I honestly have very minor expenses,no expensive hobbies, a cheap car and I pay no rent. I will however be giving my mother £1000 a month to pay her mortgage from now on. + +My original plan has gone out the window. I saved up and wanted to pay off my mothers mortgage, but with 1200 a month (and her cash inheritance) she should be able to pay it off with the current plan. + +My question is should I pay off my student loan off? Keep 10,000 for emergencies , and save the rest for retirement. + +The flowchart dictates I should pay off high debt but Student loan is kind of different to a normal debt, hence here is me asking for a bit of advice. + +Currently on plan 2 so: + +* RPI + 3% (6.3%) if you earn over £45,000 (£46,305 in April '19) and a sliding scale in between. + +I am also studying in my spare time so hopefully I shall also get a pay increase in a few years. + +If it helps my long term goals are/were: + +* ~~Pay mum's mortgage~~ +* ~~Own a house~~ +* Decent Retirement +* Get a good Job + +2/4 Done + +Thanks. +I FIREd three years ago and sharing my experience and thoughts anonymously. + +I was elated to retire in my mid-50s and felt myself lucky to do so. However, I enjoyed my job and found my work fulfilling. I did not like my bosses at a couple jobs but I left those jobs fairly quickly. The bad bosses micromanaged and were deceitful. The majority of my bosses were honest and trusted me to manage tasks and other employees after their clear explanations of goals and expectations. My last boss before I retired was among the better ones I've had. + +Anyway, due to several decades of contributions to 401Ks and IRAs and employer matches and mostly investing in index funds as well as making good decisions in real estate purchases I retired about 3 years ago. For the most part I am happy but I made the mistake of not planning for what I should do to find fulfilling in retirement. It is nice to have the freedom to basically do whatever I want and whenever I want to but I miss that now I am not contributing to improving the world as a member of the current economy. Living off income from stock investments is not improving the world IMHO. I can imagine that that last statement will offend some people. However, my jobs were all in technology and retirement is kind of boring compared to that. My advice is don't focus entirely on finances also plan on what you will find fulfilling in retirement. + + +I didn’t think I could do it, but thanks to this sub I’ve gone from debt to assets greater than six figures. Sure it took me years and I have a long way to go. But I know why I’m doing okay - you guys. You taught me. The three most important things you taught me are good investments, meal prep, and negotiating for what I’m worth. + +**1. Index Investing** + +Before I found this sub I didn’t know what index investing was. Because I’m not wealthy, any investments I would have made in funds would have been hurt significantly because of the fees. For me, index investing works because the fees are so low. I don’t know if it’s the perfect investment strategy, but I guarantee it’s better than leaving it in the bank. + +**2. Don’t buy lunch and dinner. Meal prep!** + +I’ve made Sunday nights my meal prep time. I go to Aldi and buy everything I’ll eat for the week. Eating out once a day will cost $100+ at least. Now all my meals cost less than $100. + +Some secrets for eating on a budget are cheaper cuts of meat, beans, and a crockpot. + +People argue that time could be spent working, but we can’t work 16 hours a day (at least productively). Put on some music, and use your meal prep time as relaxation. + +P.S. Making coffee at home will save you another $50 per week if you’re a caffeine addict like me. A coffee machine is an expensive purchase, but pays for itself within months. + +P.P.S. At the start I was too strict, and wouldn’t go out with friends to restaurant as much. I find it more healthy to indulge with friends occasionally. I like to think of it as a reward for + +**3. Negotiating for what you’re worth.** + +As awkward as I found the conversations, negotiating for a raise was worth the two raises I’ve gotten. A book I read helped me, ‘Never Split The Difference’ by Chris Voss. I took two tactics from it. The first is to mention a ballpark figure or what other companies are offering, rather than what I want. For example, I’ll say company X is offering $35 per hour for a similar position (even if I’m after only $29). The second tactic is to ask for a very specific number, such as $29.85 because it sounds like a thoughtful calculation rather than something to be negotiated down. + +**Summary:** The three most important things you taught me are good investments, meal prep, and negotiating for what I’m worth. +I have only recently become interested in personal finance and started building up my emergency fund, set up a global equity fund on Vanguard and tried to curb my wilder spending habits. As a form of cathartic release whilst I embark on this journey, I thought I would confess some of the greatest sins I have committed in getting to this point: + +\- I ended up with a balance of negative £3500 on my student account, which became my graduate account, when I moved to London. I got caught up in a continuous cycle of excessive spending where I was going to Michelin Star restaurants on a regular basis whilst only earning £27k. The overdraft fees just kept escalating, paying rent became difficult and I was constantly in financial distress. A promotion and a partial bailout from my parents helped. + +\- I set up a company with friends at University that ended up not going anywhere. The consequence was that I had to continuously fill in self-assessment tax returns. I ended up neglecting this for 3 years and eventually incurred a fine of almost £3000. + +\- Whilst a student, after receiving one of my loan payments, I went straight to the roulette table in a casino with some friends. We took an approach where we would keep betting on black and if we lost we would double down. I ended up losing about £700 in one night. I very rarely gamble now. + +\- I succumbed to my parents insistence that I purchase property (with their help). I bought a new build flat in a bad area of London with Help to Buy right at the peak of the market. The flat was definitely overvalued and now I'm locked into a mortgage and I'm likely in negative equity. + +Can any of you relate to these experiences? What were your greatest financial sins? How did you get out of your vicious cycle? +My friend and I (33F and 29F) moved to Saudi Arabia from the UK for work (as nurses) in 2018. Our contracts here finish in July 2021 when we plan to move back home to Edinburgh. + +We are struggling to decide what is the best way to invest the money we have saved here. + +One option is to buy a mortgaged flat myself in Edinburgh (I will have saved about £80k towards a flat, with about £20-30k on the side to keep as a car buying/holiday/rainy day fund). Realistically in Edinburgh this would be a one bedroom flat to get somewhere decent so my friend couldn’t live with me here (she could obviously buy her own flat too but we really enjoy the company of living together and she’s not that fussed about settling down permanently in Edinburgh). + +OR + +We put our money together and buy a flat outright as an investment property. We thought about doing this in Glasgow as flats are slightly cheaper to buy (our budget being about £160,000) but would be happy to buy in Edinburgh too if an affordable place became available. We would see this as a long term investment hoping to make both money from rental income each month and then ultimately hopefully a profit from the sale when we go on to sell the flat. We would then just rent together in Edinburgh. My concern here is that if circumstances changed eg one of us wanted to leave Edinburgh or one of us wanted to move in with a partner, how affordable renting a 1 bedroom apartment in Edinburgh by ourselves would be. + +For both of us this is a once in a lifetime opportunity to have this amount of money and we have worked HARD to get it. We really don’t want to make a bad decision and are wondering if any of you kind, knowledgable internet strangers would have any advice for us. + +Thank you so much in advance :) +As far as I can see they are the only bank to require this. Sure they have the best rate, but this is ultimately a pain for customers. So I emailed them to ask why. Their response: + +“The change has been introduced to encourage clients to increase their savings each month to ultimately improve their overall financial situation moving forward.” + +Bunch of crap if you ask me. I hope the other banks don’t introduce this. I’m thinking to move my money elsewhere. + +I know many of you might think it’s not a big deal, but for me it’s extra admin every month on top of all my existing admin which is already a bloody pain. This just feels like the piece of straw to break my “admin-camel”s back. Thanks ING /s + +In my mid 20s, metropolitan gay man, had a LT partner when I was younger and he was extremely manipulative and made me feel bad b/c I tried to improve my financial situations and refused to live hand-to-mouth. + +My definition of being not bad at money is incredibly low given my understanding of the Australian population: + +Live within your means, have reasonable and manageable debts or debt free and have at least 6 months to 12 months of savings with ongoing positive contributions to one's savings account regardless of the amount. + +How does financial compatibility impact your dating and relationships? +Hi AusFinanceGang, + +Just wanted to document my attempt at putting in an offer for a house tonight in **Perth**, and get some feedback / your thoughts. Looking back perhaps we could have waited a little longer as the property has only been listed for a short amount of time. + +Viewed the house on Sunday, booked in a private inspection for Wednesday afternoon, to view the house again and put an offer down. The house is listed 'From $559,000', tried to put an offer in at $505,000. The real estate agent mocked our offer, said it would be an insult to present to the seller and told us to call them if we have a better offer and left it blank. Told us to look at the repayments on the loan we would be getting and how easily affordable it would be to just offer more with rates being so low. The agent spouted on about the housing market really picking up, etc. We had to sign a document about multiple offers being presented to the seller, so we have to put our very best offer up first and we should rethink our offer. We had to document how much of a deposit we will be putting down for the house, and we are to put a $5,000 to $10,000 deposit down, held by the agent if the offer is accepted to show we are serious and tie us to the property. + +This was the first time putting an offer down on a property, and my partner is just shook at the whole experience. Not sure what I was expecting, is this the norm? Anyone else have an experience to share? +Hello. + +Unfortunately my friends are splitting up after a fairly long time together. Let’s call them M & F, to reflect their gender. + +I’m friends with both but I have known M since childhood and consider him one of my best mates. + +Overview: +M&F own a house together, worth around £160k, based on similar sales in their area. They have around £80k left on the mortgage. + +They are not married and do not have children. + +The split is not friendly and they are not on speaking terms. There is zero chance of reconciliation (confirmed by both parties). + +M has moved out to a friend’s for now, but is still paying his half of the bills. + +F’s parents gifted a large sum (around £20k) as a deposit, but the house is legally 50-50. + +The problem here is that both M&F want to buy the other party out of the house, and neither seem willing to budge. + + +Finances: + +F works and earns around £30k p/a and so would likely be able to take on a mortgage of £135k. I am unsure of any savings F has, but her parents have money and have shown that they are willing to help. + +M is disabled and his income is £20k p/a. He has already inquired and can get a mortgage of £90k. No real savings (less than £2k). + + +Equity: +Given they have around £80k in equity, M&F each have c.£40k as a deposit. + +Options: + +Any party looking to complete a buy-out would need to take on the £80k mortgage and the £40k of equity, so would require a mortgage of £120k. + +Is this correct? + +Option 1 - M buys out F +M would be able to afford a max mortgage of £90k and so cannot afford to buy out F. + + +Option 2 - F buys out M +Ignoring unknown savings, F can afford a max of £135k through a mortgage. F can comfortably afford to buy out M. + + +Option 3 - Sell the house +Sell the house, pay off mortgage, ERC and other fees, and split the remainder. +The house is 3 bedrooms, well maintained, and has a big garden. It should sell easily, especially in this market. + + +The problem: +I have tried to illustrate to M that he cannot afford to buy out F. He is adamant that he can and refuses to consider the option of F buying him out, or them selling the home. + +I recommended he allow F to buy him out, as this would avoid estate agent fees so his cut would be a little larger than if they sold the property. + + +The solution: +Can anybody please provide some insight so that I can help M. I want to help him make the right decision and ideally end this situation ASAP. + + +My knowledge of mortgages is from buying my own home, which I did alone. I am no expert and have not experienced this situation before. + +Thanks. +This is to help newbies. Lets tell them what we all could have been doing better. + +My biggest issue that has cost me lots of gains is not trusting my Due Diligence. Second guessing sometimes gets me selling way too soon or jumping to new tickers because I am being impatient. I know hard not to be with Pennies since it can move so fast it gets boring when things are not going. I will say I have sold several big wins right before they took off. I have gotten in the habit of closing my trading program on days like today when the market is a sea of red so I don't panic sell. I do pretty thorough DD and if you do too then trust it. ( Also set stop losses in case you are wrong... ) +I'm trying to get a handle on my finances and working out how to budget for holidays/festivals/weekends away/weddings (without putting them on the credit card / going into overdraft - my previous mode of living) and it's proving to be quite tricky. And the invitations just keep coming. + +How do you guys do it? Do you put a monthly sum into a holiday pot? How much do you try to save? Are you very strict about the number of commitments you make each year? + +I'm very worried about entering the 30th birthday parties/ weddings and hen do/ post-covid socialising frenzy phase of life, just as I'm trying to get my finances together! But I also want to see people and do things as much as I can, as everyone does right now. +A little backstory, I moved to Canada at the age of 10. I spent the majority of my life there (25 now). I decided in November to take advantage of my US citizenship and move to California to explore new career opportunities. I found a great job and have been working there for almost two months. + +HR Department called me into their office today and handed me an **Income Withholding Notice** claiming I owe a shitload of money from the year 1999. I thought it must be a mistake as I was 3 years old at the time. + +Apparently, it's not. I owe thousands of dollars of income taxes from when I was a toddler. The money is simply being deducted from my paycheck. Legally, there's nothing the company can do for me. + +I called the Tax bureau and got it extended for 30 days before I have to start paying for it. It appears to be capital gains tax from my absent father. + +Does anyone know if there's any way I can dispute this? I want to file identity fraud but I'm worried that it might affect my mother whom I have a great relationship with. I would ask my father to make amends for this but he's been in prison since 2002. + +Any advice would be great. It's a pretty substantial amount of money. I honestly can't believe this is even possible. + +Edit: Will definitely be contacting an attorney. Thank you all for the help and support +I found myself [accidentally FIRE'ing](https://www.reddit.com/r/financialindependence/comments/m3katf/i_think_i_just_fired/) in my mid 50s after my (previously very good) work situation deteriorated. I've become aware that involuntary retirement, or being forced into worse job fit or less pay, [is quite common](https://www.propublica.org/article/older-workers-united-states-pushed-out-of-work-forced-retirement) (TLDR: More than half of older U.S. workers are pushed out of longtime jobs before they choose to retire, suffering financial damage that is often irreversible). In my case, being at the tail end of a FIRE trajectory provided a cushion that protected me from a potentially unpleasant scramble. + +Are some of you using FIRE planning as a hedge against involuntary job downturns? It seems this might well be an important selling point for the approach, even for those who love their jobs and want to keep at them for a long time. +Thought it was doable but maybe I'm wrong. + +Gas tank took almost $47 (it was on E though). Had to get groceries for this weeks dinners and that was $84. (Hopefully we'll have enough left overs to put us into the weekend though) + +Took me over 125... as long as I dont go anywhere but work this week, I should be okay with gas... and dinner supplies are all caught up for this week. The meat was the most expensive so I gotta figure out a cheaper way ($8/lb for ground beef. I needed 4 lbs) + +I may need to cancel my doc appt tomorrow. I'm gonna call and see if they can slide the copay. It's not much to most but I def dont have it... but my blood pressure is, at the lowest, 186 over 120... highest has been 194 over 134, and I def need meds to help lower it until I can figure out how to lower it myself. + +I'm just feeling very sorry for myself but also... content since we have basic needs met. + +So... how are people doing their grocery shopping and grocery bills? Is 125 sustainable in terms of food for 3/4 and gas? +> Tyson Foods will begin selling plant-based nuggets this summer. + +> The nation's largest meatpacker divested from Beyond Meat prior to the latter's initial public offering because it wanted to develop its own plant-based products. + +> Tyson CEO Noel White says alternative protein could be a billion-dollar business for the company. + +https://www.cnbc.com/2019/06/13/tyson-foods-unveils-plant-based-nuggets-in-move-into-meat-alternatives.html +I had a neighbor ask yesterday how I got into my career and if it related to education etc and it really had me thinking about my career path. I'm not the most financially successful person on the planet and I certainly don't have all the answers, but really digging in an thinking about it made me proud of how far I've come. I just wanted to put this post together for anyone who is down on themselves for not getting into what they thought their career would be or those earning less than they think they are worth. A little background: + +I graduated from undergrad with a Sports Marketing degree in 2009 and because I never had great advice, I didn't have any internships on my resume and I couldn't get a job after graduation. I worked an hourly job for a year and went to grad school to get an MBA. After graduating in 2012 with an MBA, I once again was struggling to find a job in industries that I thought were higher earning (like oil & gas, etc), I took a job at a local chapter of a national nonprofit after a friend who already worked there introduced me to the VP. No real idea of the nonprofit industry, no intention of ending up there, but a job was a job. I accepted an offer that at the time I thought hurt my pride for $36,000. Here's where the next 8.5 years took me all through different sectors of the nonprofit industry (education, health, higher ed, research), entirely on accident. + +* Job 1: 2012-2014 - Started at $36k; Left at $44k +* Job 2: 2014-2018 - Started at $55k; Left at $58k +* Job 3: 2018-2020 - Started at $75k; Left at $75k; +* Job 4: 2020 - Current - Started at $110k; currently at $114k + +Looking back I realized I never would have gotten real significant raises without moving jobs. Just 3 job changes over 8.5 years and tripled salary. Don't feel bad if you end up in an industry you didn't intend to be in, and don't be afraid to take a job you think is beneath you if you can see a path forward. I had always been told by my very old-school minded parents (who both worked for their same companies for 30+ years) that employers look down on resumes with too many jobs. Look out for yourself. +I imagine the folks who have been members of this sub have already read plenty on the exchanges available to them, so this is directed primarily for newcomers. But this is still important information for all of us. + +Most of us were either in the midst of or at least observed what happened January if this year when RobinHood (RH) blocked sales of several stocks. That action was criminal. What is even worse is the days prior, RH had unofficially blocked sales of stocks. I was one of those GME/AMC holders. I still am. I had purchased 500 shares of AMC at $4.50 per share and watched my money increase sixfold over night. I set a stop loss at $19 per share and when I had logged back on, my shares were down to $15 each. I lost thousands that day. + +Last year I was also using RH to dabble in to Crypto. I experienced on several occasions their servers would crash when the Crypto I was interested in either spiked or dipped. I could never purchase at the bottom, nor could I sell at the top. + +I now invest in Crypto through Coinbase and through Voyager. My transactions take place immediately in both of those exchanges and I would highly recommend them to anyone. (If there is anyone interested in Voyager, pm me and I'll send you my link and we both get $25 worth of BTC. I'm not here to advertise so I will not post it here). Other folks have mentioned Binance as their primary exchange as well. + +If you are purchasing Cryptos through RH, I implore you to reconsider. I want to see all of us succeed. Crypto Currency is OUR TIME to be successful. We are the early adopters. I don't want to see any of you screwed out of what you deserve for taking the same chance we're all taking. + +Good luck this week, Fam. Stay healthy and stay safe! +My family has always been way down on the spectrum of financial stability, as in they can never afford to do anything nice, go on vacations, or do anything that isn't the bare minimum of having a house, food, and a car. More than half of my family is like this, and I don't want to be like them. My aunt is in her 40's, working three jobs. My uncle just turned 50 and hasn't done very much with his life besides stay inside all the time drinking, smoking, and browsing the web. I live with my grandparents, but my own mom is about to turn 40 and has never even owned a house. Might I add, she's in jail currently. My dad is barely living off scraps in a trailer trying to provide for two other people, and is never able to pay all of his bills on time. I don't want to end up like them, but the direction I'm going in, it doesn't seem like that's going to happen. My grandparents aren't going to be able to help me either, because this isn't the same world they grew up in and they're the kind of older people who are stuck in 1955. That's an exaggeration, and I love them, but you get my point. I'm sorry for rambling, but I feel so hopelessly lost. None of the people around me are happy with their lives, and I *really* don't want that. + +&#x200B; + +At the moment, I work a part-time job at McDonalds and have a GED. I will never make it in life like this. What are some steps I can take to start saving money now? Can investing money actually help me make money in the long-run? If so, where do I start? + +&#x200B; + +I'm debating going to college, or at least community college in the future, but right now that would be a terrible mistake because I'm still trying to figure out what I want to do. But any suggestions, thoughts, advice, ideas are welcome. Anything, really. +I made an excel sheet that tells me when I will reach my target SWR income based on how much I invest each year, my annual ROI, and an assumption that inflation will stay constant. + +&#x200B; + +These were my parameters: + +\- A contribution of $100K to the retirement fund each year (Assuming a net income of 160K with yearly expenses of 60K) + +\- A target SWR income goal equal to the 90th percentile of individual/single income (adjusted for inflation) that is less than 4% of the retirement fund ([which is $114,068.00 for 2017](https://dqydj.com/united-states-income-brackets-percentiles/)) + +\- Assuming that my yearly ROI will be 7% + +\- Assuming that yearly inflation will be exactly 2.1% and not vary + +&#x200B; + +Based on my calculations and assumptions, the target SWR income will be met with \~$5 million in the bank, after 20 years of work and yearly $100K contributions. At that point, no additional contribution will be needed, and the fund will continue to grow even with SWR and inflation, if ROI remains at 7% (In fact, ROI can be as low as 6.2% and the fund will continue to grow). + +&#x200B; + +Now, that's all well and good, but how realistic is it to expect an annual ROI of 7% every year, an inflation rate that is exactly 2.1%, and that income brackets will look similar to today? Income inequality is worsening, so who knows what a 90th percentile income will look like in the future. And how much does healthcare cost in old age really? Nursing homes cost an arm and a leg, but would an income like this be enough to cover it? +Edit - Made it verified only. I'm sure that'll result in getting downvoted to hell..but whatever. Had to give it a try. :) + +Hey Fatties, + +So my wife and I are starting a four year build process for our FAT home in Scottsdale AZ. We already own the property, and it is currently a luxury rental. The house is OLD, with a lot of lipstick on it. We are going to do a teardown and custom build. We are on a four year plan, with the first two years being architect, variances, permitting, hiring builder, etc....then two year build time. The non-land build cost will likely be between $2.5-3m. + +There are several things that make it a complicated project: + +* We are remote and will only be onsite once a month or so during the whole process. We will move to Scottsdale at the completion of the house (and kid graduating) +* The build is on a steep hillside with significant regulatory oversight +* This is our first FAT dream house and our first time doing a new build from scratch +* While we own some flooring companies, we don't have any relevant experience in new construction + +We have found it daunting so far to understand all the parts and pieces of the project, and how we can keep EVERYONE going in the right direction. Another couple that is doing a similar build with the same architect hired an advocate (attorney by trade + team) that oversees the ENTIRE project to make sure everything goes as planned. This includes engagement in every part of the project. Part of their "we will save you more than we cost you" is they run the bidding process for the home construction and help you do a comparison and select the right builder. + +Overall cost will be around 150-200k over four years for them to provide services. They will do weekly updates / job site visits, etc. + +Has anyone done this before? Seems like a no brainer for us due to remote, cost, and lack of expertise. Would love to hear feedback from other fatties. + +Nick +This is the type of question that makes me thankful for this community. + +I planning out building a second home up in the mountains. Outside a major ski town in the West. The lot is pretty remote - up in the mountains- , about 5 miles (20 minutes) down to the highway and 45 minutes from closest mid-sized city. + +We strongly desire unlimited fast internet (~100 Mbps). We use about 1Tb/month in our primary house (4K Netflix adds up quick). Looking at all of the hotspot/satellite options, it doesn’t seem like any options are available that work, mostly limited by a data cap down in the 100 GB range. + +I’m thinking that running cable to the home is the closest option. Looking at coverage maps, it looks like the cluster of homes on the next hill over has cable internet available. + +Has anyone worked with a ISP to run cable internet to their rural home? What was the process and cost? I’m hoping in the 10-20k range as opposed to 100k. +https://www.bloomberg.com/news/articles/2022-01-27/apple-to-let-iphones-accept-credit-cards-without-extra-hardware + +Apple Inc. is planning a new service that will let small businesses accept payments directly on their iPhones without any extra hardware, according to people with knowledge of the matter. + +The company has been working on the new feature since around 2020, when it paid about $100 million for a Canadian startup called Mobeewave that developed technology for smartphones to accept payments with the tap of a credit card. The system will likely use the iPhone’s near field communications, or NFC, chip that is currently used for Apple Pay. + +n order to accept payments on an iPhone today, merchants need to use payment terminals that plug in or communicate with the phone via Bluetooth. The upcoming feature will instead turn the iPhone into a payment terminal, letting users such as food trucks and hair stylists accept payments with the tap of a credit card or another iPhone onto the back of their device. + +The move could impact payments providers that rely on Apple’s iPhones to facilitate sales, such as Block Inc.’s Square, which dominates the market. If Apple lets any app use the new technology, then Square can continue accepting payments via Apple devices without needing to worry about providing its own hardware. If Apple requires merchants to use Apple Pay or its own payment processing system, that could compete directly with Square. A Block representative didn’t immediately respond to a request for comment. + +Shares of Block fell less than 1% during pre-market trading in New York on Thursday; Apple advanced less than 1%. + +t’s unclear whether the payment acceptance option will be branded as part of Apple Pay, though the team working on the feature has been working within Apple’s payments division since being brought over from Mobeewave, the people said. It’s also not known if Apple intends to partner with an existing payment network for the feature or launch it alone. + +Apple may begin rolling out the feature via a software update in the coming months, the people said. The company is expected to release the first beta version of iOS 15.4 in the near future, which is likely to see a final release for consumers as early as the spring. An Apple spokeswoman declined to comment. + +Apple has been escalating its push in payments in recent years, launching the Apple Card in the U.S. in 2019 and rolling out Apple device installment plans on the credit card later that year. It also offers the Apple Cash card for digital peer-to-peer payments and is working on a service for Apple Pay that would let people buy things and pay them off later in installments, Bloomberg News reported last year. + +The iPhone won’t be the first device to have Mobeewave’s payment acceptance technology. Samsung, which backed the startup before it was sold to Apple, implemented credit card acceptance with a tap on its devices in 2019. +[Parents are bankrupting themselves to look adequate](http://www.bloombergview.com/articles/2016-04-20/parents-are-bankrupting-themselves-to-look-adequate) + +We are opting out of the rat race! +Created by our fellow FI redditor /u/iamlindoro who actually followed the FI sidebar rules and didn't post himself. I'm impressed. + +Worth checking out: +https://www.theearthawaits.com/ +I bought about 30K Quart and in no time at all ive already bad a very very nice profit. But what goes up much come down. What do you all think? Set a resonable 75% - 100% profit sell out there (since im stepping away from the computer)? or let it ride? + +I just have a strange feeling If I stay in long run, i'll crash. I rather take roughly double my money then half of it. :-P Anyway, just curious on your ideas? Perhaps from someone who follows Quark a little more in depth then myself? + +Thank you!! +Hello Everyone, + +I was an engineering technician with my former employer and I was on my way out because it turned out to be a corrosive engineering mill that was stressing me out. I was even threatened by my now ex-boss as well. There's a lot more to this too. + +I have a 401k, FSA, Health Insurance, and Vacation time with the company. The company was in the midst of switching between health insurers as well. + +I was making about $42,000 a year or gross $800 a week. +My 401k has about 1k in it. +My Savings/Checking have approximately 3.5k in them together. I almost had completed my Efund of $6000 before a few emergencies had popped up and I had to deplete it. I generally have good financial practices. +I owe 7k on my Car and 26k in Student Loans. + +I have questions about what I should be doing with my 401k as well as questions about my unemployment and more. + +1) My current health insurance will end on 7/1/17. I never signed onto the new insurer and since I'm laid off that's when my current plan will end anyway. I haven't received anything from COBRA yet. I was told it'll be 10-14 days from my lay off which will be after my health insurance ends. Does this mean I won't be eligible for COBRA? I'm not sure if I'd be able to afford it. I finally got accepted by a hospital and assigned a PCP as well, I haven't had a doctor's appointment in about 5 years because I was uninsured or my insurance provided through the ACA kept changing. + +2) I filed for unemployment and I've been approved for $217 a week. That's about 25% of my old income and will barely cover rent. Does this seem low? + +3) How long can my 401k remain with my old employer before I have to roll it over into an IRA or a 401k with another company? I'm currently interviewing for engineering positions right now but I'm unsure if it would be wiser to rollover the 401k into an IRA or wait until I get into a new company and roll it into a 401k there? + +4) As I mentioned in (3), I'm currently interviewing with several engineering companies. I'll be receiving offers from three different companies but I don't know how long it will be until I receive them. I've been applying to more jobs since I think I need to actively be searching for jobs if I filed for unemployment. Should I sit tight and ride it out for an engineering job or pick up some random crappy job in the meantime? + +5) I was told by my employer that my FSA is moot now. I never had the opportunity to use any of it either. Is this true? Since I've been laid off, the $100 or so in there is just gone? + +I'm happy to answer any questions and I'm thankful for any advice. + + +EDIT: Thank you for everyone who took the time to share helpful information with me. I'm thankful for all the encouragement and I'll be reading through all of the comments to figure out the best path forward. +Today was exciting right? Wrong. + +**Today's volume was only 17 million. That seems like a lot to some who aren't paying attention. Let me spit some volume numbers out to you apes.** + +* June 1st - 9.63 million +* June 2nd - 16.02 million +* June 3rd - 8 million +* June 4th - 3.63 million +* June 7th - 6.02 million + +&#x200B; + +**What does all that mean, well lets just take a look at some more volume numbers shall we?** + +* Jan 22nd - 197.16 million +* Jan 25th - 177.87 million +* Jan 26th - 178.59 million + +&#x200B; + +* Feb 24th - 83.11 million +* Feb 25th - 150.31 million +* Feb 26th - 92.19 million + +# In comparison, as GrayStillPlays often says "Those are ROOKIE numbers" + +In fact, April 12th had a volume of 16.68 and was a nothing special day. Just the shorters shorting GME again. Like they have been. If you look over the recent volume, its miniscule. But every time a real action occurs, that volume skyrockets. As we know, Jan and March momentum build ups were blocked by shorters (and robbinghood) from developing properly. + +# This does NOT mean more volume = good, or higher share price + +This low volume tells me that apes are not selling. The share price keeps rising with minimal volume. It tells me that when the shorters HAVE to cover and the volume does start rising to the levels seen in January, GME will already be at a share price higher than anything we have seen before - and that that will just be the START of the squeeze or moass. Then, and only then, does one need to buckle up for the fucking ride of a lifetime. If it jumped from $20 to $400+ in Jan, just imagine what its going to do at these prices. To the fucking moon apes! + +Seriously, check the charts yourselves. The numbers do not lie. + +*Edited for formatting and to clarify some questions gotten in the comments. Also I am a smooth brain ape that until Jan 2021 didn't have a fucking clue what 95% of the terms I just wrote meant, and maybe still don't. Taking this as any sort of advice is more stupid than when I jacked my tits off to a Ken G impersonator.* +I went to college from 09 to 14. Most of the debt is federal loans that have a low interest rate so that is not much of a concern. I paid off a private loan last year that was around 10k for the principal so that is an accomplishment. However my parents took out a loan in their own name so I could go to college. They did not want to put a heavy burden on me. I have over 20k in my account and the private loan they have is around 8k. I live with them and don't pay rent but I do buy my own food and make decent money for a single guy without many bills to pay. So should I pay off the loan myself? My parents are doing fine financially but they did get the loan for me so I feel like I am responsible for it. They never asked me to pay it off but they cover the mortgage and everything else. I don't want to pay the loan but my folks do so much for me. I kinda feel like it is the right thing to do. Not trying to humble brag or anything but I would like your perspective on this. +I am using my inheritance to buy a home, but I want to maximize these funds so that I could make passive/residual income. I live in california so housing here is ridiculously expensive and would be taking a huge risk buying multiple properties. Any advice would be greatly appreciated! +I wanted to know what are some good sources of passive income in the long run as well as a short term income. I started using services like teespring , zazzle ,etc . Are these considered a good passive income source? I would prefer if there is something other than investment . +I'm 18 and for graduation I received a total of $1756.16 I have worked for the past two years and was good at saving but that all turned around and I'm mostly broke now. I have very few expenses so I'm wondering do I just out it all into savings or should I invest it in something? +Hi everyone, + +I've been a lurker here for a while but am getting more active and I wanted to start sharing and see what people think of something I recently did. + +**Background** + +I haven't historically given much to charity but I want to start giving more and taking advantage of my company's match policy. However, I wasn't sure exactly what I wanted to give to. + +**Enter: donor advised funds (DAF).** + +Through Schwab, Fideliy, Vanguard, and ohters, you can really easily set up a DAF. I use Schwab for investments so I used Schwab to set up my my DAF which has a 5K minimum initial contribution and an annual administrative fee (dwarfed by benefits for me). + +With a DAF you can give to your fund, and then decide later what charities you actually want to contribute to. But, at least at my company, they'll match your donation to your DAF. For example, I set up my DAF and contribute 5K, and then my work contributes 5K as well to it. + +The money in the DAF can then also be invested in various investment funds offered by whoever you choose. I have it invested in equity funds. + +**Tax Savings** + +The interesting part though is that you can also contribute stock. So I have stock with decent unrealized capital gains and rather than donating 5K of after tax dollars I have sitting in my bank account, I can donate my stock and eliminate the tax liability, and then still get my company to match the cash value of the stock I donated. + +**Actual Giving** + +Also very easy to contribute to charities through Schwab's interface. + +Even with just 5K all the sudden you can feel like you're a big shot with your own charitable fund! + +Thought this was pretty cool and wanted to share with the community :) + +**What do people think?** +I've heard a lot of advice but I'm skeptical of it all for various reasons: + +"Umbrella insurance equal to your net worth." Makes no sense it's not like people aren't allowed to be sued for a value above their net worth. + +"1-5M policy, enough so the insurance company is going to fight for you." I like this argument but the range is huge.. which is it, 1M or 5M? And this discounts your perceived risk, which brings me to + +"Depends on your risks, like if you have real estate or teenage drivers" if that were true, it would contradict the previous one. Shouldn't this be more a reflection of your premium, rather than the size of the policy you need? I don't get a larger insurance policy on my house if I live in a fire zone, it just means my premiums are higher. + +How are you all protecting yourselves, and how'd you arrive at the number? +This is a broad one, but do you have any suggestions for second home locations?  I'm looking for: + +* Ideally <2.5 hr flight to/from NYC (or <4 hr drive) +* Great, easy going people and very little crime +* Airport easy to get to  +* Enough stuff going on (restaurants, stores, etc.)  Doesn't need to be amazing, just want to avoid places with little to nothing +* I don't care about beaches or ski slopes (fine if the location has them), just looking for a get away spot +* Ideally limited extreme weather (no hurricane targets, 100 degree or -30 degree temps) + +I'd greatly appreciate any suggestions.  Thanks +Hi, just wondering how do you guys protect your assets in case of divorce or lawsuits? I have read about Cook Islands trust together with llc may provide protection but there are many charging at over $10k. Is there any budget ways for asset protection? +I’ve seen lots of discussion on lifestyles and spend, but I’m curious where everyone plans to retire to once they can. + +I’ve tried googling, but I can never find a good list of “best places to retire to if you don’t care about money”. They always bring money into it. + +Obviously it’s going to be different for everyone, but I’d like to have more cities to research! Especially since it’s hard to envision what exactly we are saving for, since our current location isn’t our ideal location. +1. Self driving being exposed as fraud by new documentary [mainstream press](https://www.npr.org/2022/05/20/1100022168/elon-musks-crash-course-new-york-times-fx-hulu-twitter-tesla-self-driving-cars) ? +2. TSLA booted from ESG index +3. Ongoing Twitter fiasco +4. [Sexual misconduct coverup exposed](https://www.businessinsider.com/spacex-paid-250000-to-a-flight-attendant-who-accused-elon-musk-of-sexual-misconduct-2022-5) ? +5. [Another Telsa crash death being investigated by NHTSA](https://www.yahoo.com/lifestyle/tesla-crash-california-under-investigation-135120830.html) + +Bonus: Right wing political stance [alienating largely Democratic customer base?](https://www.cnbc.com/2022/05/20/tesla-boss-elon-musk-blasts-biden-democrats-on-twitter-.html) + +&#x200B; + +This is good for TSLA, right? LOL +Let's say you bought $100 worth of MATIC at $2. Then MATIC dropped to $1 and you bought $100 worth again. + +**What's your average now?** + +If you think it's $1.5, don't worry, you are not alone. I know 2 friends who said the same thing. + +You have a total of 50 + 100 = 150 MATIC. + +With a total investment of 200$, your average is 200/150 = **$1.33** + +Now you only need to wait for it's price to go up 33% before breaking even. + +This is indeed a basic math. But there are some people who legitimately fail with that. +I have no idea if this will mean anything but I’ve been lurking the SEC page waiting to see if it would be cancelled again. + +It’s been almost an hour since it’s started and no cancel yet. + +https://www.sec.gov/news/closedmeetings/2021/ssamtg060321.htm + +If anyone knows anything about this..feel free to let us know! +Obviously if you own an index fund you don't have to make this decision, more power to you. For those preferring a more concentrated portfolio style, I think this is an interesting question - because these are all great companies, but naturally one must be better than the others. + +If you had to pick just one of the mega-caps, which do you buy today? + +My personal thoughts: + +- Facebook. I see potential competition to their network, but the balance sheet is a fortress and valuation has been pushed down a bit due to general public hatred. A contrarian pick. (B) + +- Apple. In my opinion the valuation of this has run away farther ahead of its earnings relative to the others, making it the least attractive of the bunch for me. (C-) + +- Amazon. Doing amazing things, looking at the last several quarters their earnings seem to be accelerating - however the p/e is higher than all the rest. (A-) + +- Microsoft. The sleeper choice, solid valuation in addition to growth. Not flashy but a money printer. (A) + +- Google. My perception is that they're slipping - taking lots of high risk/high payoff bets that don't appear to be paying off yet. Feels potentially contrarian but I'm not wildly excited. (C)? + +- Bonus: Mastercard/Visa. Secular trend away from cash makes these seem like long term great picks, in spite of fin-tech disruptors. Not cheap valuations though. I favor MA over V for efficient use of capital. (B+) + +Just my opinions of course. Your thoughts? +Recently there has been a lot of talk about Bitcoin futures causing downward pressure for prices, especially with expectations of a crash around expiry date. Its clear that not many understand how derivatives work or why the specific structure of the CME/CBOE future contracts makes it so there is a pretty much no chance that there is a collusive scheme by futures traders to crash Bitcoin. + +So I wrote up a quick description of how it works, and why there are 3 major reasons that futures are not to blame for Bitcoin's decline in price. + +#How futures contracts work +------------------------------- + +Futures contracts are an agreement to buy or sell an asset on a specific date in the future at a specified price. If you take a long position, you agree to buy an asset in the future at a specific price when the contract expires. When you take a short position, you agree to sell an asset at a set price when the contract expires. + +A simple example to illustrate: Think of a shipping company who has a bunch deliveries planned in a year. The price of fuel is $2 per gallon today. They can enter a futures contract on an exchange that will allow them to buy say 10,000 gallons of fuel at $2.5 per gallon. A fuel wholesaler might be willing to take this contract on to lock in the $2.5 price guarantee. If a year from now the price of fuel rises to $4 dollars a gallon, the shipping company will save (4-2.5) x 1000 = $15,000. In this case its a risk management tool, often used in financial markets to hedge against the risk of changing prices. However it can also be used by speculators, simply to profit off expected changes in price and these are generally cash settled. + +Bitcoin futures are cash settled, meaning **no bitcoins actually change hands when a contract expires**. The differential between spot prices (ie. current price) and the contract price is settled with cash. Winning traders effectively collect their gains from the losers. + +A key point to realize is that **futures markets are a zero-sum game**. For every long there is a short. For every winner, there’s a loser. Every dollar of one trader’s profit is a dollar lost by another trader. If someone wants to bet big that bitcoin is going down, say, by shorting 1,000 bitcoin contracts, there needs to be one or more traders willing to take the opposite side. + +Bitcoin futures trade on two exchanges: CME and CBOE. + +The CME is the big one and offers contracts with a unit size of 5 BTC per contract. It has a contract limit of 1,000, meaning that no one party can have more than 1,000 contracts. + +The CBOE offers contracts with a unit size of 1 BTC per contract. It has a contract limit of 5,000 contracts. + + +#Why Bitcoin Futures aren't crashing Bitcoin +------------------ + +**Reason #1: There simply isn't enough open interest position or volume** + +You can look at the total open interest and volume for BTC Futures on the CME for January 25th, a day before expiry: + +http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_volume_voi.html?marginsTab=SOM + +The total volume for January was 769, the total volume for all months up to June 2018 is 1,223 contracts. The "open interest" number is the number of contracts which are still open (ie. haven't settled) and its only 139. If you go back to the beginning of the period just after the prior expire date, there were only 560 open contracts for the January 26th expiration date. + +What this means that the total market on CME for shorting futures for the end of January period was only 560 x 5 = 2,800 BTC. + +What if those evil Wall Street suits had the brilliant idea to buy Bitcoin back when it was $8,000 and then now flash sell it to bring the price down to profit off the short side? On January 19 the open interest was 560 contracts and the BTC price was $11,500, lets say the entire open interest is actually one group of people colluding to profit off the short positions. That means there is a total of 2,800 BTC value is contractually at stake, with a total nominal value of $32.2 million. Futures markets have something called "margin requirements", which is the minimum amount you have to pony up as collateral when taking a futures position. For Bitcoin its 43%, which means that they would need to put in $13.8 million of capital to short 2,800 Bitcoin. + +According to [Bitcointy](https://data.bitcoinity.org/markets/volume/30d?c=e&t=b), the volume traded in Bitcoin/USD on January 19 was around 134,000, with about 16 million BTC in circulation. This actually drastically underestimates the total volume of BTC traded since it excludes the big Asian markets, but let actually give the scenario this benefit. Lets imagine that someone would need to purchase just half of the daily volume (about 77K BTC) or about 0.5% of the total Bitcoin supply and then dumped it, and lets say this caused a huge $3K drop in Bitcoin price from its $11,500 price level back to about $8,500. They would need to pony up $616 milion to purchase just 77K BTC (0.5% of the supply) at $8,000. Assuming they achieve the $3K drop in price, that would net them a profit of 2800 BTC x $3,000 = $8.4 million from a $11,500 settlement price, or about 1% profit on their BTC purchase investment, less than a guaranteed government bond. All of this is assuming that 0.5% of the outstanding float would be enough to drive the price down $3K, and that they could somehow not experience substantial loses themselves in the dump. Basically it doesn't make any sense, the volume of open interest for futures available is simply too low to make this anything akin to profitable. Even if we assume there was a collusion scheme by everyone participating in the short market. + +You can look at the Settlements to see the total open interest for all remaining months: + +http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_settlements_futures.html?marginsTab=SOM + +The total open interest for all months up to June on January 25th is only 1,459 contracts. That's means the entire market for shorting Bitcoin up to June is only 7,295 BTC. No matter where you set the entry point, the return simply doesn't justify the risk or initial investment required. + +**Reason #2: The margin requirements are too high to offer enough leverage to manipulate the market** + +One attraction of trading futures is the ability to use relatively small amounts of money to potentially achieve outsized returns. In a lot of futures market, the margin (the amount of money that your broker requires up-front) can be quite small compared to the ultimate value of the contract. For example looking at [CME Futures market for S&P 500 futures](http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500.html), each contract is worth about $143,000 (50 x S&P 500 value) and the margin requirement is only $4,800 (as of writing this) or about 3.3% nominal margin rate. + +Your margin account balance is adjusted at the end of every trading day to account for the winnings or losses of the day, this is called daily settlement. If your account balance falls below the margin minimum of $4.8K you'll need to quickly add money to your account or your position will be summarily closed out by your broker. On the plus side, if you've predicted the S&P's direction correctly your profits will be that same as if you completely owned the underlying stocks in the index. A +1% daily move in the S&P500 would yield $1430 (1% of $143,000) in profit even though you only have $4800 invested - a huge return on. Margin requirements this low are only possible because the volatility of the S&P 500 is pretty low and well understood. + +On the other hand Bitcoin futures have massive maintenance margin rates. The CBOE requires 40% of the notional amount for maintenance margin, the CME requires 43%. Your broker will likely require more than that. + +Because of the high margin requirements, Bitcoin futures don't offer much leverage compared to just buying Bitcoins outright. You would need to place a huge amount of capital at risk just to get one Bitcoin contract on CME, the equivalent of 5 x (BTC USD value) x 0.43. If you wanted to short just 5 BTC and the price was 11K, that would require a margin of $23,650 to be maintained. + +**Reason #3: The big Wall Street Levered Funds aren't actually that into shorting Bitcoin** + +The CBOE is smaller than CME, but one neat thing about it is that it releases statistics on groupings for its futures markets, it gives out information on long vs short positions among Levered Funds, Other Reportable entities and Non-reportable. + +The Levered Funds is what we would call "Wall Street", large hedge funds that invest other people's money. The "Other Reportable" would be other institutional investors but not necessarily trading with other's people's money, and the "Non Reportable" are small time investors and speculators. Here is the breakdown of Bitcoin Futures open interest contracts by these categories: + +**Levered Funds** (Large Wall Street hedge funds) + +Long | Short +---|----- +1142 | 518 + +**Other Reportable** (Other trading firms that don't necessarily manage money for outside investors) + +Long |Short +---|----- +1243 | 3668 + +**Non Reportable** (ie. small speculators) + +Long | Short +---|----- +2665 | 919 + +http://www.cftc.gov/dea/futures/financial_lf.htm + + +As you can see 68% of the Levered Funds actually go long on Bitcoin! + +For "Other Reportable" you do have more short interest, but it only adds up to 3668 contracts and at 1 BTC/contract its only 3668 BTC, against 1243 BTC that are long. Finally the non-Reportable are the small time speculators and they're overwhelmingly long. There are a few other smaller categories that make up the difference, but overall there isn't any wide spread of short vs. longs between the big levered funds and the more retail investors. + +#So what did cause Bitcoin's correction around the first expiry date? +-------------------------------- + +There was a plethora of factors that compounded around that mid-January expiry date: the cyclical selloff period that we usually see combined with FUD headlines coming out quickly regarding regulation out of China, Korea and Europe. Its highly unlikely that futures actually caused any of the sell off, they actually provide stability by helping with price discovery. + +If futures do have any downward price pressure on Bitcoin, its largely psychological. Let face it, most Bitcoin investors don't understand anything about finance or derivatives, to them the CME futures are this big scary Wall Street boogeyman that is trying to take Bitcoin down. In essence you got a self fulfilling prophecy, lots of people feared the futures expiration would cause a crash so they panicked and sold, bringing the price down. Its a perfect thing to scapegoat after the huge bubble we saw started to correct. This is what I fear, that a lot of people will now look to anything to point their finger at to blame for Bitcoin and cryptocurrency price declines. Everything will be scapegoated, from the CME futures to "weak hand Asians" to governments to Wall Street. + +As we inevitably revert to the mean, very few will be willing to accept that it was their own unrealistic expectations of returns that are continually parabolic that is the sole reason for the gross mispricing of most cryptocurrencies. + +It's in the news again that the government are considering scrapping higher rate tax relief on pension contributions, which seems to be a regular occurrence when there's a budget coming up. + +https://www.telegraph.co.uk/politics/2022/11/05/jeremy-hunt-plots-10bn-tax-grab-better/ + +Pension contributions are effectively refunding the income tax you've paid now for deferring this income until to retirement, at which point it's then taxed. It has the advantage that 25% is tax free and in retirement you may be in a lower tax bracket. + +If we take a higher rate taxpayer then it ultimately costs them £6,000 to have £10,000 paid into a pension, although some of this relief may have to be claimed from HMRC rather than applied automatically. If we ignore growth and you have this £10,000 to take out as a basic rate taxpayer then:- + +- 25% is tax free. That's £2,500. +- On the remaining £7,500 you pay income tax of 20% (£1,500) to get £6,000. + +That's a total of £8,500 back from your initial payment of £6,000. That's a net uplift of 41.67%. You've essentially got your £6,000 back and been given £2,500 of free money. To repeat, every £60 net you put into a pension as a higher rate taxpayer means you'd get £25 absolutely free as a basic rate taxpayer in retirement. + +Obviously there are limits of what can be paid in and you'll have other priorities in life but if you, or your parents if they're still working, are in this position then it makes sense to squirrel away what you can BECAUSE IT'S FREE FUCKING MONEY! + +This is without even mentioning potential benefits such as salary sacrifice, your employer matching contributions, clawing back the child benefit tax charge, clawing back the lost personal allowance, money in a pension being outside of your estate for inheritance tax and so.on. + +Unfortunately for basic rate taxpayers it's far less generous as the uplift from £80 to £85 net per £100 gross comes to 6.25%, but that's still effectively a free year of growth compared with putting the money in an ISA. + +Tl;dr - FREE MONEY! +So many of us seem to hate out jobs and want a way out of work. That's what drew us to the idea of financial independence. I was hooked when someone first explained the idea to me because I hated my job and thought not having to go to work anymore would be the best thing that could happen to me. + +After working in the legal field and making $160k per year and saving 70% of it, I'm now between jobs and asking myself if I should open my own practice. The past two months have been like a little early retirement travel run, since I haven't been going to work, and have only been doing small legal projects for friends. Although I've loved the time off, I think finding work I truly love would be even better than no work at all. + +I know part of financial independence is being freed to find that thing. But it seems the focus of this sub is often to race towards a magic level of wealth, then check out from work entirely. Often this is many years down the road. + +I'd like to change the discussion towards finding our passions now, while we're still at the peak of our productive years. I don't think this goal needs to be at odds with building financial strength. The more we view work as enslavement, the more we'll search for an escape. The more we see it as an outlet for what we were made to do, the more enriching and productive I feel our lives can be--the good kind of work. + +Discuss your passion, how you found it or hope to discover it, and how it interacts with your goals for financial independence. +[Check out this Bloomberg interview with Bill Miller.](https://www.youtube.com/watch?v=ck1arLfd2UM) + +He says it's a buy but the trader in me still fears catching a falling knife. Fundamentally, I love the company and believe it is one that has a moat around it as Warren Buffet would say but there is a difference between loving a company and loving a stock and I don't want to put the two in the same boat because on my timeframe, the two are not correlated. +What if there was no GME? Would you still be tired or just be going about your lives like normal? None of us have won anything yet and until there’s phone numbers on the stock price will I even consider quitting my job. + +Now the hard truth is out of the way, we can go into something more uplifting. + +Look at what’s happening to FTX today. Do you think after two years that if they could’ve done that to GME that they would’ve by now? There’s absolutely no doubt in my mind that they want this headache to go away with the incessant onslaught of negative articles we get. + +I’ll tell you one thing, we are not losing right now and the short sale % staying very high tells me they are getting more and more fucked by the day. Keep DRSing and let’s see how much pain we can inflict on these bastards. + +I might have to buy more today because I just jacked my own tits lol. +Context: I was recently fired from my job at a factory after 11 years of hard works and perfect attendance. Most people here knows how factory jobs go: they demand more from you at times than you could physically give. So I broke down mid shift after they took away my helper (Our machinery needs at least 2 people at all time to function) and left me all by myself, and this wasn't the first time they've pulled this shit either, hell, it wasn't even the 10th time at this point. I also just learned that my daughter has contracted covid and is going through hell atm. I just couldn't take it anymore and decided I need to go home for the day. + +&#x200B; + +I vented to some coworkers a bit, then cleaned up after myself. I made sure nothing was out of place before I leave, then I'd clocked out. As I walked through the park lot to reach my vehicle, my manager, which I'll call Joe for now, called me and told me that they have fired me because of what I just did. Maybe not a surprise to some of you but it sure was for me when I got the news. I asked him if its ok I can literally just walked back to my station and continued with work but they refused. I was officially fired from my workplace of 11 years just.like.that. + +&#x200B; + +So thats what happened. I've already switched up my health insurance to something much more affordable. I applied for unemployment benefits the week I was fired and it was another clusterfuck but it seemed to work out fine. I checked my mailbox today and finally got a mail from the Texas Workforce Commission, in which they have decided that they couldn't pay our benefits due to, and quote:" Our investigation found you abandoned your last work by walking off the job and/or failing to report for work while work was still available for you. Your reason for quitting was not good cause connected with the work" + +&#x200B; + +What the hell was that last sentence supposed to mean? That's verbatim what was said in the letter. I don't have a lot of savings and if we don't figure anything out soon we might be in big trouble. I've already went around asking for jobs but I know it might take a while before I got any real offer due to the current situation we're in. I'm devastated and I'm not sure on what to do. Am I in the wrong here and should I just suck it up and move on? +So my mom has been in a relationship with this guy for the past 9 months and he is nothing but a lazy, alcoholic piece of shit basically. He doesn't clean up after himself and he messes up the whole house and doesn't contribute to the household financially or around the house at all. All he does is sit there and drink all day. I finally got tired of it and spoke out about it to my mother. Long story short I'm 18 and homeless. Just graduated high school. No job. No money. No college education. All I have is a Ford Explorer that I laid the seats down and put my memory foam mattress pad over to sleep on. I don't really know what to do or where to start... I have less than a quarter of a tank of gas I have no family to turn to. What do I do? I honestly want to just take what little gas I have left and drive off a cliff. Can somebody help me and tell me where to start off at? I'm at a McDonald's in West Texas. I hope this doesn't get buried. Anybody help me please. I don't care who you are or where you are at the point I just want to hear from somebody that I'll be okay... I have nothing and lost what I had to begin with... + +Update 1: Soo I got a hotel room to stay in for the night my girlfriends dad was nice and stepped up to the plate. Tomorrows a new day. Hopefully I can find something out. +I can't understand what are the issues behind plotting any candle with a resolution lower than daily. + +I can plot OHCL lines, I can plot OHCL points on the chart, why can't I plot hour candles? It's just those points put together. This thing has been going on for [8 YEARS](https://github.com/QuantConnect/Lean/issues/669). + +Thay offer the possibility of doing stuff with plotly and matplotlib but for that you need to do it offline and if you are offline you don't get to access the data, because it's a CLOUD ONLY FEATURE. + +The platform is good and everything, I'm just concerned how something with so much value and [2B volume per month](https://www.quantconnect.com/) can't have something as basic as hour candles, or bracket orders or limit order expiration time. + +I mean, [some random dude](https://github.com/mementum/backtrader) managed to pull a platform with more basic functionalities than that. Sadly that repo is dead and the live trading implementation no longer works + +That was my rant. + +If someone at QC is reading this, please, for the love of god, give me those sweet hour candles + +&#x200B; + +Cheers +Hello, I just looked through https://www.ceddit.com/r/algotrading/new which lets you see what posts the mods are removing. + +1) "Market Making Strategies: "Scalping" Binance Bot Cryptocurrency Trading" which linked to a [youtube video](https://www.youtube.com/watch?v=-zkYIuwYono) that is informative and open source. The guy didnt even include his binance referral link! + +2) "Algorithmic Trading 101: The Syllabus – The Ocean X – Medium" which [linked](https://medium.com/the-ocean-x/algorithmic-trading-101-the-syllabus-1605b9f8cbe6) to a pretty cool looking algo trading contest hosted by an upcoming crypto exchange. Here are some details from the link: + +- Part of this support includes $1,000 (in crypto) to 5 stellar students or community mentors who share their learnings and open-source their algorithms at the end of this journey. + +Why would something like this be removed? The intention is literally to help people learn and support open source, why would this bother the mod? I think its pretty sad that this was removed. I dont see how it could break the rules either. + +3) "Creating Algo Trader Bot for Binance with Python" which linked to a [youtube video](https://www.youtube.com/watch?v=8AAN03M8QhA&feature=youtu.be). This post had 95 upvotes. Again, I dont see any Binance referral link. Why on earth would this be removed? The guy is posting valuable information for free, he is trying to help people out, so weird that this would bother the mod to the point where he removes it. + +The debate thread that was posted by /u/ModwithABod clearly demonstrates his dislike for anything crypto related. I thought the community pretty clearly doesn't want to ban crypto related posts, so why are so many being removed? + +If those posts do violate the rules, my apologies, just let me know and Ill delete this post if thats the case. +Hi all, + +I’m a software engineer with 10 years of experience. It has been 6 months since I joined an investment company that has its foundation 100% based on algo trading. + +They have been teaching me some basics such as statistics, some strategies, backtesting, models etc. + +I would like to step up and learn as much as I can by myself too, not only from them. + +Are there courses or any tip/paths for someone who’s not from finance/trading background? + +I have deep knowledge of C#, SQL and some Python. + +Note that (at least for now) I don’t need to learn as if I would create my own algos and run them myself etc. I want to improve my knowledge to use it at my job. + +Thanks, +Leo +Here's a dumb question. What's stopping someone from going live with an algo that shows a good return, like this: https://www.quantconnect.com/tutorials/strategy-library/mean-reversion-statistical-arbitrage-strategy-in-stocks ? + +Obviously, I'm missing something, because it can't be that easy. Why wouldn't this work with real money? +**Please see my edit at the bottom of this post!** + +https://www.reuters.com/article/us-health-coronavirus-usa/florida-arizona-nevada-hit-daily-highs-for-covid-19-cases-idUSKBN23Y0MR + +"Nevada disclosed 1,099 new cases, double its previous high." + +At the height of the pandemic for New York, in the second half of March, they were averaging about 9k cases a day. New York has a population of 19.4M people, meaning roughly 1 new case every day for every 2,160 people in New York in March. Nevada, with 3M people, set a record for themselves of 1 new case for every 2,700 people. And the numbers in Nevada are increasing fast. Nevada could pass New York's worst day in per capita terms in a week. + +I just can't see the casinos there remaining open, and even if they do stay open, no one will want to visit from out of state. + +**EDIT:** Turns out the overly big jump on June 26 was due to data from lab reports dated 23 and 24 June being included in the 26 June total. However, the brand-new numbers reported for today, June 27th are likely a new record even though weekends are usually lower numbers. + +https://www.southernnevadahealthdistrict.org/news-release/public-health-update-covid-19-case-increase/ + +"After a review of the case data, it was determined the increase in reports was due to a delay in laboratory reporting. More than 240 of the cases reported were from laboratory reports dated June 23, and more than 380 were from reports dated June 24." + +Original data from: https://nvhealthresponse.nv.gov/ + + 19-Jun : 445 + 20-Jun : 274 + 21-Jun : 330 + 22-Jun : 462 + 23-Jun : 355 + 24-Jun : 507 + 25-Jun : 381 + 26-Jun : 1099 + 27-Jun : 821 + +I manually adjusted the data, assuming a 1-day offset between lab report date and the date the info is reported by the state (moving 240 and 380 cases from June 26th to the 24th and 25th, respectively): + + 19-Jun : 445 + 20-Jun : 274 + 21-Jun : 330 + 22-Jun : 462 + 23-Jun : 355 + 24-Jun : 747 + 25-Jun : 761 + 26-Jun : 479 + 27-Jun : 821 +As the title says, I’m currently 18 years old with a few thousand in my TD Ameritrade account, I’m able to steadily put in ~$500 a month (most likely all of it into VOO). + +But I fail to see the point in doing all of this, wouldn’t I be better off putting it in a savings account like a Roth IRA? I’m not very interested in any “get rich quick” plans, just to be old and not worry about burdening anyone for money. + +Thanks for any and all advice. +>This piece, is nothing more than rubbish written from ignorance. The author’s statement, “Look no further than the major exchanges, which have either gone bankrupt (Mt. Gox) or suffered major security lapses (Bitstamp). Both of which cost investors millions of dollars in unrecoverable losses.” (No losses were realized by any depositors using Bitstamp). Moreover the author fails to see past the price of a Bitcoin and seems to measure the future success of the Bitcoin/Blockchain protocol in the valuation of one Bitcoin. For those who seek profits trading Bitcoins, there is money to be made buying (long positions) or selling (selling short) and as with any commodity/currency/stock, professional traders who seek short term gains are able to take advantage of market conditions an a day to basis. However the long term future of Bitcoin and the blockchain remain unaffected by the price. To think that is short sighted to say the least. Only time will tell where this nascent technology will take us, but be assured the the final chapter is no where near being written. Long term prospects for both the price of a single Bitcoin and the future of the underlying technology are looking brighter than ever. **I would be happy to offer the writer of this article a friendly wager. And I am so confident in so much as I am willing to put my Bitcoins where my mouth is. I’ll wager 100 Bitcoins, that the price of one Bitcoin will reach $1,000 USD before it trades below $100 USD. Show me how confident you are. I’m on linkedin if you want to take my Bitcoins. Meet you in Las Vegas to settle, wouldn’t want to break any law prohibiting gambling now would we?** + +Article: http://www.forbes.com/sites/greatspeculations/2015/01/29/why-apple-pay-and-dollars-are-killing-bitcoin/ +I work at a warehouse making $34k a year. I have had a college degree in marketing for many years but despite putting in hundreds of apps I can’t seem to get hired anywhere ( I graduated in 2007). I don’t have any student loan debt but have 10k in credit card debt. + +I am not getting ahead at all. I get a lot of overtime in the summer but now with it being fall and winter coming up overtime opportunities will be scarce for a while. My rent keeps going up and up every year, like most people but I don’t get sufficient raises to be able to keep up. I live in a suburb of Atlanta... a working class suburb. + +I REALLY want to change careers and at least double my income. Currently I barely have money left over to put in savings or do much with. + +I have been thinking of going back to school but not sure what area or degree to pursue. My undergrad gpa was below a 3.0 so I don’t know if I could get in grad school for something. I was thinking of going to school for something tech related, possibly . + +Is that a good idea ? I have been applying for other jobs but since I have been doing warehouse work for so long , it is hard for me to get a job doing something else and other warehouses pay less than what I’m making now but I am making the max pay I can make in my current position. + +I want a white collar job. How can I improve my financial situation and make it possible to go back to school? I would have to borrow money to go to school as I can’t afford any out of pocket costs. +Hi + + + +It is strange how many in here bash cardano. I mean if someone wants free moons you can title your post "cardano is overrated" and a flood of praises will follow. + + + + + + + +Cardano has many advantages comparing to other L1 projects: + + + + + + + +1. Academic team who are actively researching new horizons and publishing papers. + + + + + + + + + + +2. Novel double layer architecture. + + + + + + + + + + + +3. It has Great security. + + + + + + + + +4.it is extremely sustainable and environment friendly. + + + + + + + + +5. It almost entirely decentralized. + + + + + + + +6. It is one of the few top projects with low share of its coins in the hands of whales (if I remember more than 80% was owned by small hodlers). + + + + + + + +7. transaction are fast and very cheap. + + + + + + + +8. An increasing number of developers are using its blockchain. + + + + + + + +For all it this pros and many more, the only cons I heard about is the recent congestion which almost any crowded blockchain experienced so far. People forgive ETH for practically everything but cardano is bad because of a congestion? Or because it didn't grow much in market value? +Or is it another reason which I missed? Like annoying fan base? + + + + + + + + +I really think ADA doesn't deserve so much hate. It is a solid project with a really nice team and it might have a bright future ahead of it. + + + + + +Vve +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. +A word of caution from someone who has been through several cycles. + +When in a Bull market like the one we are in now you almost can’t go wrong! Take Doge for example. The danger is that it gives over confidence and many start to FOMO in money they cannot afford to lose. + +So try and remember a couple of key rules that could save you a lot of money: + +- Don’t invest money you can’t afford to lose. +- Don’t invest money you might need in the short term. Anyone who held its Bitcoin through the drops at this point is in profit. +- Certainly do not borrow to invest +- If you are late to the party consider Dollar Cost Averaging (google it) +- At some point BTC is going to create an ultimate ATH for this market cycle and then correct back down by 70 to 80%. Other crypto’s will drop even more. +- Yes it will correct back down a very big percentage. Usually 80% (look at previous cycles) It could be triggered by a stock market correction when there are no more stimulus checks. Stock market is already dangerously over priced. (Google Stock market cap Vs GDP). +- You can “Dodge” that correction by progressively taking profits each time BTC creates and new ATH. You want to have cash when the big correction comes. +- Re invest your profits when we are again in an accumulation zone (after the 80% drop) +- Those cycle take years, be patient. + +This is not financial advise. Good luck with your investments! +I own an audio mixing console, and recently sold it via PayPal to a Church. I shipped it last week, and the new owner sent me confirmation that it was received and in good shape a couple of days ago. About a day or two after shipping, PayPal limited my account. I didn't realize this meant I was in trouble, but I guess something about sending $17,000 on an account I hardly use was suspicious to them. They asked for proof of "fulfillment", as well as a receipt from my "supplier". So I think to myself, "okay, I don't really sell stuff too often, but alright, I'll give them the original purchase receipt and tracking number, sure." They came back and asked for 6 months of bank statements (from a personal bank account that I don't really use), to explain my account activity change, the explain how my business works, more tracking numbers, as well as a website. + +I provided them all the information, and shortly after doing some Googling, I noticed they have a nasty habit of holding people's funds for 180 days, and then at the end of the 180 days, citing "Acceptable Use" policy violations and docking them $2,500 per violation until the funds are deleted, without giving notice of exactly which aspect of the policy was violated. I combed through their User Agreement and Acceptable Use policy and found no violation. The closest thing I could find is a violation of their "Activities Requiring Approval" policy, to which the "high value items" section may apply, but it gives examples, and language that implies "operating as a ***dealer*** in jewels, precious metals, and stones", none of which apply to the item I sold––nor am I a dealer of any sort. I was simply selling a one-off item. + +I have a pretty good feeling that this is going to get nasty. Is there a way I could refund the payment to the seller (who will gladly wire the money over now that they've received the item)? Can PayPal put my account negative $17,000 and then (successfully) send it to collections when I refuse to pay it? Would that stick, or would I have an argument against them for the credit bureau? Can they debit my connected card/bank account for the funds without my consent? At this point, I will never, ever use PayPal again, so I really could care less what happens to the account, I just need my money back. I don't know what to do. +My Dad thinks he convinced me to sell all my coins a good while ago. Every time there's been a correction since he hears about it on the news and says something along the lines of "See? Now aren't you glad I told you to sell everything." Every time he's said this I've been up 2x from the last dip. Not gonna tell him, but its pretty sobering to think that this is the impression the average person gets of crypto when headlines are their only exposure. They think everything is crashing and burning all around us. +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. +Just started trading options this year. Already thinking about taxes. +Do you guys try to do the taxes yourself? Or take them somewhere to get them done? +Doing mostly weekly cc/csp +Hi, for almost a year I am following theta strategies. I have a wheel running with some legs. Furthermore I am trying a poor man's covered call on Intel and AMD. +All those theta strategies essentially work best in a market that is going either sideways, increasing or slightly decreasing. +At the moment, or at least that is my impression the market is dropping like a stone. Be is Ukraine, Inflation, the most recent rate hikes or the expected recession. + +At the moment my above mentioned trading portfolio is down ~10% (~10k initial value) and I am not sure where to go and what to expect. Should I just continue and sell covered calls as an income vehicle or rather accept the actual loss, cash out and take the money and use it for my other dividend portfolio (~100k actual value) when prices may have found a bottom at some time in the future? +I’ve been wheeling for a while, but I haven’t used all my funds, lately I’ve been thinking about using $600k and just wheeling the SPY, if I sell close to the money I can clear 4-6k per week if I let contracts expire worthless, 2-3k at 50%. + +Worst case I own SPY and it it tanks I’ll hold long term, it’s the SPY 500, I’m essentially wheeling 500 companies. + +Is this a bad idea or should I maybe split it between multiple ETFs? + +Danke +So this is my first full month in doing CC’s and CSP’s and I know a lot of u use 45 DTE as your ideal DTE. So I’ve had some CC’s hit 60% percent that were dated 2/18. I’m now looking to write another CC but some stocks that don’t have weeklies are either 2/18 or 3/18. Do some of u wait on writing another CC until the theta is better and you have less DTE or will u go to the 3/18 date? Obviously it depends on the stock but was curious if you have some general rules. +I have about 100k buying power and have just been selling CSPs. Made about 3k in a little over a month my first time trying it out. + +My question is how would you guys maximize the returns? Iron condors? Credit spreads? Jade lizards? + +Just keep selling CSPs? + +How would you set up your plays to make solid consistent and relatively low risk income? + +Thanks y’all +**EDIT: It seems Microsoft has indeed TEMPORARILY removed Bitcoin as a payment option, something they have done in the past as well. Nevertheless this thread still stands - shills are around and spreading false information.** + +Shills are in full force and shilling this sub. +Let's take for example the top post about Microsoft removing Bitcoin as a payment option: +> +- The account which submitted the post was dormant for over 8 months. +- The upvote count seems unnaturally high (1500 upvotes within 3 hours?). +- 'LN is vaporware' arguments were made by various shills in the comments without any technical proof. PS: LN is VERY MUCH NOT vaporware. +- Altcoiners shilling their coins as the 'superior' cryptocurrency in the comments. + + +During these volatile times we must be on the lookout for propaganda from malicious groups looking to make a quick buck. r/Bitcoin is the most popular crypto-subreddit and this is why lots of shills are spreading misinformation. If any of you see a shill making fake arguments, please take the minute or two to respond and rectify whatever fake arguments are being made. +So here it is... + +Awesome house, built in 2011, and renovated THIS YEAR (house flipper) listed at 400k. I offer 410k, and to pay the seller's recording fees/taxes (\~$5k). I also agreed to an "as-is inspection", BUT I could back out if something crazy was found. The seller comes back and asks if I would be ok with an "informational only inspection", BUT I CAN'T back out if something is found. Meaning I'm locked in, and IF something crazy is wrong I'd be F'd. I can't imagine a house built in 2011 and renovated this year would have something crazy wrong with it, but who knows, right? So my realtor wrote an addendum saying that if the inspection finds issues $5k or less I can't back out, but if it's over $5k I can back out, which I AM comfortable with. + +Thoughts? My partner and I REALLY love this home, but I also don't want to get burned... + +**UPDATE**: Just wanted anyone new to the topic to know that the seller agreed to the $5k addendum, and said if there ARE issues they will fix them. I was also told that their reasoning for trying to make it a purely "information only" inspection was because they had numerous buyers get cold feet and drop contracts for, essentially, no reason, and they don't want their time wasted. +Going to keep this short. I told a couple members of my family who I trust my goal of achieving FI/RE and how I plan to get there. They literally laughed in my face. + +Maybe it was a mistake to share my dream, but for those of you have and were told it was highly improbable or impossible, how did you handle that? Feeling pretty discouraged. + +Edit: Thank you all for your kind words and encouragement. This was a great way to start my day. I can't individually respond to everyone at the moment, but thank you for being such a supportive community! +Hello, + +Should I keep my emergency fund in Revolut? It's a relatively small amount... I've transferred through Revolut this amount several times already... but I haven't kept it in Revolut more than a day. + + + + +The reason I want to do this is to cut my bank taxes/commissions just for having an account open with them. + + + + +Also I would switch my salary to Revolut (receive it directly from my employer to my Revolut account). + + + + +I know there have been several cases reported when Revolut blocked the money/account, but after providing bank statements proving that the money comes from legal acrivities (ex. salary paid by employer) they unblocked it. So... I'm not sure... maybe it's worth a try. I've had minor requests answered quickly through the internal chat so at least they seem responsive. + + + + +What do you think? Is there something I'm missing? +Hello! + +Yes, this is a hypotetical question, however with Eurogroup and ECB having not very "unionistic" monetary policies, it is not an impossible scenario. What would the crash of the € as a currency mean for a private investor, who has his assests in € denominated ETFs (such as iShares Core MSCI World UCITS ETF in €)? + +If you believe this crash is a possibility, is it better to have your money in USD or CHF denominated funds? + + +Thank you for your answers! +Hello all. + +I am 30 yo android developer whos has company in Bulgaria(Freelancer ). + +The money is transferred to the company account then to my german n26 account. + +I have insurance in Bulgaria and I pay tax to Bulgaria. + +I moved to Germany at the beginning of the year and I was continuing my normal life, one day someone said that everyone should have health insurance no matter what, then I started researching but there is no article explaining my situation. + +I opened the company in Bulgaria because (I am a dual citizen Turkey - Bulgaria) tax is one of the least in Europe. + +My billings are about 2750 euro (+- 250 ) for a month. + +so what am i supposed to do now ? + +&#x200B; + +edit : so is it better that i close or freeze bulgarian company and start a freelanser account in germany ? if so is there a english tutorial about it ? + +edit 2 : yes i made almendung 9 months ago + +&#x200B; +I am a beginner long-term stock/etf saver and I'm looking towards buying stocks or ETFs in/around eastern europe. + +The ETFs I found on EE were either pricey-ish (0.70+ TER) or were surprisingly defunct'd. + +Mainly I'm looking for low-TER ETFs and good divident-paying stocks from pharmaceutics/tech. I know nothing of Hungary/Poland/Ukraine etc stock markets so outside of lists on Wikipedia I'm in the dark. I have no idea what companies are publicly traded and which are a valuable long-term investment. + +Any general advice? +I feel i'm seeing 2 contradictory views on most subs. On one hand it seems quite common from many commenters to expect a 7% return per year (for example it is often this return used to calculate how long you have to work before FIRE). On the other hand the most common etf recommendations seem to be VWCE and the like who have an average of 5% yearly return. + +So how much are you expecting from your portfolios and how would you beat the total market? +Hey everyone, so I invest most of my money in IWDA, and a big believer that an all-world ETF is the answer for long-term investing and wealth building. So, I was against stock picking but now I've come to realise, and maybe I'm wrong, but you can research specific companies, look at their potential, and invest long-term Warren Buffet style. Is it really a losing strategy to allocate a portion of your income in order to invest in specific companies you like? +Past $11.5M for single / $23M for MFJ filers, up to 40% of your assets will be lost to taxes when your estate transfers hands to your beneficiaries. + +Does each generation simply make peace with losing nearly half their family money, or is this kind of high penalty only a recent addition to the tax code? +I'm using walletburst to compute the age that I can fatFIRE, but I'm sure there are subtle nuances and definitely different variables to consider for my use case of two countries. + +I'd like to hear from experienced folks here who've done the research to take some advice on what to consider to accurately come up with a number. Help me in visualizing the equations and any interesting parameters that I should take into account. + +For instance, if I want to continue to stay invested in the US (after moving to India) and start withdrawing 4% from my 8% growth in the US investments, how should the inflation in India (that's roughly 8%) impact my plan? How would the USD to INR currency valuation play into this consideration? (I'm assuming USD will remain valuable but maybe if it shrinks then investing in INR is a better approach). + +PS: I probably have to do more research, in which case please point to decent places and I'm happy to read up more and continue to edit this post for people in my boat 😃 + +Background: +I'm currently 32, married, single-income, working in the US in high COL, but still making decent savings. We don't own a home here and don't plan to because I'm anticipating about 7-8 more years here. I'm getting close to 1MM in total investments (but I've a volatile portfolio right now, which I may need to switch at some point I find myself getting closer to FI, not sure when yet). Moreover, my spouse could soon start earning, which will all go into straight savings (no plans to inflate our lifestyle) or a primary home in Tier-1 city in India. We don't have kids yet but I know it comes at a financial cost that may readjust my numbers. + +Reason: I want to move to India and become FI because the numbers I need are lower there and I know more friends and family there in my age of decline, while our kids don't grow too apart from their extended family. I may coastFIRE (optionally) if I find something I like or maybe become a teacher for some engagement with society. I might even consider investing in rental income for some stable returns per month and or investing in a side-business that is more of interest for me to manage. +I just got approved for a mortgage yesterday. This morning I got the following text from an unknown number: + +Hey OP, this is [Redacted] with Loan Garden.  I received your information because it looks like you had your credit pulled by a mortgage company which normally charges higher rates and fees on their loan products.  When this happens, the credit bureaus will let other smaller brokers reach out, so folks don't end up overpaying for no reason.  We've helped over 3,000 families save money on their mortgage by offering the best possible pricing for all FHA, VA and Conventional loans.  If you'd like a simple quote without the hassle, send me a quick reply and I'll work one up right away! + +Don't want to speak with me? Reply STOP anytime. + + +(Sorry if I picked the wrong flair. I wasn’t sure what to choose) +I reside in California. I know that there is some sort of 500k limit on capital gains. + +My question is what happens in this scenario. + +House went from 1.3m to 2m in 5 years. My equity was 20% (~300k). +How is capital gains calculated in this case? And what part is exactly taxed? +Hey, I'm recently homeless for the second time and I'm looking for advice. I work a stable job 70 hours a week. However, I'm under the table and paid slightly below my states minimum wage with no overtime. I'm currently dropping 2k a month for a motel room to avoid trying to live in a tent in the middle of winter. I realize I need to change jobs but right now going a single week without pay is enough to put me in a shelter. Are there any loans (even if they are predatory) or government support any of you know of that could help me escape this situation? I'm okay with living in a car right now to save money I just can't even afford one right now. I have a credit score of 610 and I do have reliable even if unverified income. Any help is greatly appreciated +[Here's the story](http://news.yahoo.com/obama-announce-changes-student-loan-repayment-131450680--sector.html) + +[Here's a decent graph showing the situation](http://greatgameindia.com/wp-content/uploads/2014/08/College-Student-Loans-American-Dream-Indian-Students-Higher-Education-Bubble-Colonization-GreatGameIndia-F1-Visa.jpg) + +I made a comment a few days ago about the Goldman Sachs report on young people not having any money. This article is relevant for investors as well as students (probably a big part of the reddit investing subreddit) though because at over a trillion dollars, student loans have surpassed all other forms of consumer debt in the United States. + +On the one hand this might allow struggling students to unburden themselves of these massive debts and get on with their lives. +On the other I have no idea what this will do to the economy, the Federal government might have to take on a whole ton of bad loans again. + +There are about 85 billion in delinquent student loan payments but this is just missed payments, not the total value of the bad loans to this point. +Every time something like this happens, there's less chance it happens again (as the market, theoretically, will mature). Couple that with all the good news to come; adoption, scaling solutions, POS, and you have a recipe for success. + + + +As more and more people see crypto survive the storms, and it become more and more a part of their daily lives (as opposed to the odd Bloomberg article and internet banner ad) they *will* feel more comfortable investing, and the prise will rise. + + + +How much will ETH be worth in 12 months? I don't know, and I don't think anyone does. What I do know is this: there's a very good chance that the future is **very** bright for ETH/Ethereum, and if you're interested in investing in the cryptosphere, you could do a lot worse than to park your $ here. + + + +As always, only invest what you can lose, crypto *is* risky - but you take on that risk because you want 5x-10x+ returns. Have fun out there. +Apple: iPhone 6S and iPhone 6S Plus. Refreshed Apple TV. Enterprise-focused iPad Pro. + +Google: Nexus 5X and Nexus 6P. Refreshed Chromecast. Enterprise-focused Pixel C tablet. +For those of you that have your cars paid off, at what point or repair cost would you consider purchasing a new vehicle (either lease, loan, or cash)? My car is getting paid off next month and I'm fearing this check engine light that's popped on is more serious than I thought it was. + +Edit: I own a 2007 VW Passat with 137,000 miles. It needs a new timing chain, o2 sensor, among other things I'm sure a shop would tell me. KBB puts it at $1,700-2,600. Moreover I was wondering your take on buying cars as well. +Throwaway account. At $6m investable, what are the attributes of a good wealth advisor? + +Already have good access to private / alt opportunities in real estate, PE, and seed / VC. + +Are the firms which are helpful in evaluating these opportunities? For equity investing is favor VTI or similar. + +Thanks in advance +Throwaway. + +Hello everyone I'll make this short. I recently moved in with a friend who's parents own a second home that they rent out. Housemate made a joke in passing before I moved in that they want a dog. I made it very clear that it would be a deal breaker for me and that I cannot live with a dog. My lease makes no mention of a dog. Lease started on the 15th, today housemate sends a picture of the Dog saying that they got it and that they want to talk with me about it. How fucked am I, is this a large enough change to living conditions that I can get out of the lease? +Hey UKPF, + +I've often seen people on here remark that it isn't worth paying off the student loan unless you're earning a certain amount, but it's never been clear to me what this threshold is. + +I'm on a plan 2 loan, with £9,515.28 remaining balance. I earn roughly £55,000 PA with bonuses/benefits included, I expect an increase to this salary of an average of 5-8% each year with the same company. This means i'm on average paying £170 a month to student loan payments. + +Should I be looking to make additional payments to clear the debt sooner? Or is the "it's not worth paying it back" threshold higher than I currently earn? +I’m currently undergoing a career change from sales into accountancy which will mean I’m going to be taking a large reduction in salary, I’m currently taking home roughly 60k per annum and imagine when I move into accountancy I will be starting on around 20k. I will be changing career within the next 12 months as will be part-ACCA qualified then via self study. + +Current situation, have a property with around 17% equity in, in the South East. I will be remortgaging for a 5 year fixed term prior to changing careers and hoping to get some more substantial savings too in easy access accounts. + +I’m a single male with no dependants, no debts and a small amount of savings in an emergency account, the rest of my spare money is always spent on fun/social activities (I have some fairly expensive hobbies such as skiing and wakebording) and also overpaying the mortgage. + +I was wondering if you all had any guidance/tips or experience taking large reductions in salary and how to manage/deal with it? Or any ideas on what I can be doing over the next 9-12 months to prepare myself for the change? + +Thanks +I know what you guys are thinking, Hyundai and Apple released that they were partnering up to release an EV by 2024. Hyundai then backed away from those statements saying it wasn’t true. + +Now they’re confirming that there is a partnership and plan on inking a deal in March. Now connect the dots. + +https://www.google.com/amp/s/news.yahoo.com/amphtml/news/apple-hyundai-reportedly-planning-team-143953882.html + +https://www.theverge.com/2020/2/11/21133461/hyundai-canoo-electric-cars-partership-kia + +THIS IS JUST SPECULATION, DO YOUR OWN DD AND INVEST ACCORDINGLY. + +Update: + +https://www.theverge.com/2021/1/12/22225026/apple-canoo-acquisition-investment-electric-car-goev + +Looks like we have the upside on this!! +So I’ve had Tesla and nio for quite a while and I’m up quite a lot, I bought xpeng last week because someone mentioned it and I researched it. I got in at what I thought was a good price, but here I see you guys bought this when it was about $5. + +Just browsing here today (just joined today) I see you all bought Auto and fuv a long time ago too and are doing very well out of it. + +My question is how do you guys find out about these stocks when they are so low and are there any you recommend to buy now? + +Thanks. +Who all here is on a FatFire track in "boring" engineering fields like public works, civil/structural engineering, mechanical engineers (hvac, machinery, etc), electrical (e.g. power grid)? Where does your high compensation come from? +Hello folks! We are contacting all the banks, shops, credit agencies and other companies involved (and there's quite a lot of them), might also require Cifas protection but I'm not sure what that implies re: credit score. + +More importantly in the short term, I would obviously like to find out who did this. I'm fairly sure hit has to be the new tenants in our former apartment, of which we move out a few months ago. Any advice from someone who's been in the same situation in the past, or know the right way of dealing with things is more than welcome. + +Thank you for your help! +Recently spoke to a mate who said that the planning and building standard laws have changed recently meaning that new apartments should be build to a higher standard. I've always wanted to a buy a house but with interest rates rises on the horizon I'm considering downsizing my dream and purchasing an apartment. My biggest concern is that apartments in Sydney have a pretty bad track record, with cracking and shoddy workmanship. My question is; do you think these new laws will rectify the issue of low quality builds? And for those in the building industry, have you seen changes in how things are done since these laws have been introduced? +Partner and I just bought our first home (a 1940s 2-bedder in Melbourne), and we're excited to move in in about a month. + +I've read a few threads on AskReddit where people talk about things they've bought for their home and loved (a great vacuum cleaner, ethernet ports in bedrooms, security cameras, I've also seen an in-built bin spruiked as the best home purchase they ever made). + +We have a bit set aside for basic home improvements (let's say $10k, with further set aside for a new kitchen down the line). + +What are some things that a couple of life-long renters might not think of to buy for a home? We're mainly just excited about being able to nail things into the walls to our hearts content at this stage so probably overlooking a few nice extras! +Disclaimer: Everything is speculation - **obviously** this isn’t advice + +Opposing views welcomed + +**Proposed Aug 1 strategy: 60% ETH 30% BTC 10% Fiat (may change as info changes)** + + + + + + + +>**Action:** + + >Placing my positions *at least* 2 weeks before Aug 1st + + + +>**Reason:** + +>1) **Sentiment swings (causing volatility)** may push out potential buy/sell opportunities closer to Aug + +>2) **Fomo/Fear momentum** price will move too quickly (around any big news) to trade without loss (or opportunity cost). + + + + + + + +**SCENARIO 1: BTC fork goes well:** + + +>**Expectation:** strong BTC-specific rally (expect alts + ETH to catch up *later* ..but suffer short term as BTC fomo dominates) + + +>**Reason:** + +>1) **Side-line crypto-investors jump in:**as they have no reason left to doubt the “crypto revolution” hype + +>2) **BTC hasn’t run nearly as hard** as Alt: has potentially more room to grow. + +>3) **BTC dominance will be ‘verified’ by *very vocal* BTC ~~maximalists~~ supporters** (who have had to humbly watch ETH in the spotlight this whole year) – BTC successful fork will feel empowering to a BTC investor, and people extrapolate news – I expect a surge of BTC optimism ..especially at the expense of ETH because ETH hasn’t (yet) solved scaling & has had some ICO issues. + +>4) **BTC network effect will capture new entrants**, particularly referring to the ‘mainstream market’, all the recent media exposure (together with the excitement of a strong rally) will drive ‘main market’ investors to jump in. + + + +>**Trade:** + +>I will slowly rotate out of BTC into ETH as BTC spikes + + +>**Reasoning:** + +>1) BTC strength will support the perception of the whole crypto industry & ‘confidence’ money will ultimately flow into Alts + ETH as people look for higher returns (yes, the greed is real). + +>2) If ETH announces any scaling progress (Raiden) or any support (EEA3) this will cause ‘catch-up’ fomo into ETH i.e. back to ‘potential flippening’ mentality. + + + + + + +**SCENARIO 2: BTC fork goes badly (chain and community separates, & uncertainty about which chain will dominate in the future)** + + +>**Expectation:** + +>BTC (& all crypto) will take a dive for an *extended period* i.e. selling to Fiat (*not ETH*: ETH isn’t a safe haven diversifier to BTC until we prove scaling & use-case: good ico’s) + + + +>**Reasoning:** + +>1) **Faith in (all) crypto will be (temporarily) lost** due to the uncertainty; especially if transactions are attempted and not successful due to chain/mining confusion + +>2) **Newsflow (twitter, reddit etc) will be severe & conflicting:** naturally leading to high volatility as the market jumps between on any news/sentiment and traders attempt to capitalise + +>3) **BTC -> ETH rotation is unlikely** given; overall uncertainty in crypto & uncertainty around ETH’s ability (2 things we haven’t *yet* proven to the market: can ETH scale & will any ICO’s actually add value or are they all dotcom scams). + +>4) **BTC (& alt’s) recovery will be slow** because; even if a silver bullet solution arises (unlikely) the market will still need solutions to be proven before jumping back in. Remember the ETH winter after the DAO when ETH devs worked hard to churn out developments ..and the community took *ages* to buy back in again. + + + +>**Trade:** + +>Immediately buy ETH lows (with 10% Fiat), slowly buy ETH with 30% BTC as volatile waves provide opportunities + + + +>**Reasoning:** + +>1) Despite the whole crypto industry being knocked, ETH will be well-placed to take market share with any positive news i.e. this could be the real roots of a rotation from BTC -> ETH where ETH development/scaling makes meaningful progress *without the politics of BTC*. + +>2) I don’t expect an ETH transition to be quick (at first), but if it gains momentum then any Raiden news should catapult ETH to number 1 before the end of the year. + + + + + + +**SCENARIO 3: If BTC fork is a misnomer (fork occurs without definitive success or failure)** + +>**Expect:** + +>**Free for all:** we are effectively in the same position of uncertainty as before the fork & the above will apply + + + +**Caveat to the above:** +New information can always change fundamentals – never be married to a strategy, unless that strategy is to hold: in which case none of the above should matter and you can basically go on holiday the next 2 months. + + + + + + +Coinbase is the gateway into crypto for nearly everyone in the US. With that comes certain responsibilities and so far they seem to have been making efforts to keep their standards of professionalism high and maintain transparency. + +Last nights' announcement by Coinbase to list ETC shocked nearly everyone. Obviously Coinbase has the right to list whatever they want, but the reason everyone was so surprised was that it doesn't seem to fit with anything they have said in the past. + +Binance lists shitcoins every other day and no one bats an eye because Binance hasn't released a stringent framework for listing digital assets, while Coinbase has. And since they have, they need to be held to the standards that they put forth. ETC may very well meet those standards, but with every new asset that Coinbase lists, they should release a report that details **how** the asset is in line with their own framework. + +Please do not construe this as an ETH maximalist who is hurt that ETC exists. I believe it has every right to exist and flourish, but over the past couple years there has not been any significant development or adoption (that I am aware of) to warrant a Coinbase listing. + +The BCH listing was very controversial because of the manner in which is was listed. However, the actual listing wasn't as controversial. A few weeks before the listing BCH was actually taking hashpower from BTC and there was an active community and development. Also the fork was very recent and most people were expecting Coinbase to at least give access to the BCH that was on still being held. The circumstances are very different here, ETC wasn't even in the top 20 until this recent pump. + +We need to hold our community and the exchanges accountable to promote transparency and quality. Please reach out to Coinbase however you can, tweet, email support, etc, and **ask for transparency by releasing a report that details how they see ETC fitting into their Framework for Adding Digital Assets.** + +https://www.gdax.com/static/digital-asset-framework-2017-11.pdf + + + +When Facebook was launched, did people sit here and judge facebook as a losing IPO, a losing investment because it was heavily correlated with the same industry as the big potential but yet lame and obviously degrading social media site called MYSPACE? + +no they did not, whatever proposed linkage was soon gone as Facebook executed on and became its own product and became the category + +I view ETH as the same thing. It represents a gigantic blockchain token/platform/digital asset. I am not sitting here giving a shit at this point about BTC drama when I have Facebook here executing on a whole range of positive things to leave BTC in the dust + +Soon other investors will begin this SHIFTENING as I have +Got $80k sitting on the sidelines just itching to go in, I put $3k into MSFT when it hit 180 and that shit already returned 10%. + +Fuck it, might just start DCAing from today, looks like a good time to start, DCA over 2 months during Q2 earnings period. + +Edit: Btw, this is not a Fomo/bullish post, I still think this shit is due for a correction. This is just wanting to throw money in out of pure fucking boredom, this quarantine is driving people nuts :) +NOTE: This is a repost of https://www.reddit.com/r/PersonalFinanceCanada/comments/3xnncz/at_25_yrs_old_should_i_rent_a_room_or_buy_a_house/ + +Hi, I was wondering if it would be more financially savvy to rent a room to live in for say $500/month or buy a house (by making a down payment, since I'd only have about $10,000 to $15,000). + +I am only planning this from when I am 25 until I am 30. At age 30, I will probably buy a moderate to small sized house. + +From what I understand, real estate rises, on average, 6% a year, while an index fund, such as one following the S&P 500 (e.g., VOO) rises ~9% per year. I am assuming that if I bought a house at 25 years old, I would be paying $1,200 per month to live in it. On the other hand, I could rent a room to live in for $500, and use the leftover money ($700) to invest in an index fund that grows 9% per year. + +According to my calculations, if I went with buying a house at 25 and paid 1,200 per month for 5 years, it would amount to a total paid of $72000. If I went with renting for $500/month, I would have $42000 to invest into an index fund. Now, in both cases, I am planning to leave the investment for about 35 years. So, if I left $72,000 grow at 6% per year for 35 years, it would grow to $522,073.82. If I rented a room, and invested the $42,000 into an index fund and let it sit for 35 years, it would grow to $786,593.26. + +Therefore, it seems that I should be renting a room from the age of 25 until age 30. + +What do you guys think? Should I just "bite the bullet" and buy a home at 25 instead, or follow my "renting" strategy? + +(NOTE: I am in Calgary, AB, Canada) +Hello! I am going to give you some background before I ask my main question. I am currently 18 years old and a freshman in college at my local community college going for a Computer Science degree. I work roughly 40-55 hours per week. I have 14K in savings and will likely have 20K by the end of the year from working a warehouse job. I am really could use some advice on what to do with the money I am saving. Should I invest it rather than just save? If so should I invest in stocks, real estate, etc. Please comment and let me know what you guys think I should do in my situation. Thanks! +We are looking to move a chunk of money ($20k - $40k) into moderate risk/reward indexed funds over 5-10 years. + +We are already going to move $20k from our terrible CD account into Treasury I Bonds so we have a low risk component of our portfolio. + +We want to invest another $20-$40k in something that's going to grow at least 5%+ per year, on average, over the next decade. + +Considering the pre-COVID tech boom, and the COVID tech boom, would you consider the Nasdaq's total indexed ETF (QQQ) to be superior to the one for S&P 500 (SPY) or for Dow Jones (DIA)? + +Or would you consider it wiser to invest in something like Vanguard's total stock index fund (VTI / VTSAX) or the Wilshire 5000 index fund (WFIVX) instead? + +We essentially want to set it and forget it for 5-10 years. +My company (Intuit) has a stock purchasing plan that allows me to put 15% of our salary towards buying shares at a 15% discount. + +Also, my RSUs are also vesting on a schedule. + +I've been doing this about a year and a half now and sitting on a sizeable amount of company stock. + +I know some people sell the stock plan stocks right away, also the vested RSUs and treat it as cash or diversity with index funds, but what do you suggest? +We are on the way to securing 6 months e-fund. It’s going to stay at 2% interest savings account. Any recommendations where to put additional 6 months? A friend told me that you can use IRA as a savings account not only for retirement but also for e-fund.(Please don’t confuse me on trying to cash out on my retirement for savings. I already have 401k and this one is not maxed out and I am financially not anywhere near on being able to do so.) The other obvious option are CDs. I could create a CD ladder to be able to cash out on CD every other month. +Gonna keep this really brief cuz I can barely see shit this morning. But went to check the price and realized what's the point of stacking sats if in the future something happens to your vision? How can you read your recovery phrase privately if you also didn't print it in braille? How on earth are you going to double check and validate addresses that are 24 characters long upper, Lower case and including numbers? + +I know there's aids out there for visually impaired people, but by design bitcoin presumes you have full use of your eyesight. But money isn't just for people who can see. + +No pun intended, but I see a problem + +Edit: after reading a lot of insightful posts I feel I mis-worded the title. Really what I was trying to point out is that a lot of the development on hardware/software/and mobile application doesn't incorperate user friendly design for those individuals with such disabilities, bitcoin as a protocol I realize has nothing to do with this. I just think it's a thought that a lot of us with vision neglect to consider. Thank you all for the participation in the discussion. I simply feel it's important to discuss and incorporate as many as possible if the narrative behind bitcoin specifically is 'to be your own bank'. +Rather than full grown humans who think they’ll get more beginner investing advice if they say they’re kids? I’m starting to wonder what the percentage is... +https://www.cnbc.com/2021/04/08/netflix-strikes-deal-for-streaming-rights-to-sony-films.html + +Netflix has struck a deal for the streaming rights to Sony films. + +The deal, which was announced Thursday, includes films such as "Morbius," "Uncharted" and "Bullet Train." + +Netflix will also be able to place films such as "Spider-Man: Into the Spider-Verse" and future Venom and other Spider-Man films on its platform. + +This deal could further strengthen Netflix streaming leader position. Netflix earning is coming and it is important to see what subscriber guidance company going to give due to the ongoing economy reopen. People start going out and consume less streaming, but on the other hand, Netflix is growing strong on the international market. It will be interesting to see if Netflix can beats subscriber # and defend the competition from Disney plus. + +Thanks for the awards. +https://www.bloomberg.com/news/articles/2018-03-14/theranos-ceo-elizabeth-holmes-accused-of-fraud-by-sec + + +Oops... + +>The SEC says Holmes and Balwani raised “more than $700 million from investors through an elaborate, years-long fraud.” + +Still developing right now. Good shit. +[https://www.cnbc.com/2021/11/19/ford-and-rivian-cancel-plans-to-jointly-develop-an-electric-vehicle.html](https://www.cnbc.com/2021/11/19/ford-and-rivian-cancel-plans-to-jointly-develop-an-electric-vehicle.html) + +Based on this latest news, Couple of points which came to my mind + +1 ) Was this intentionally done by Ford, They invested $500M in Rivian, then Rivian IPOed, Stock p\[rice was pumped up and now Ford exits out, Did they they make billions by investing $500M in Rivian ? + +2) Ford also is now openly entering as official competitor for Rivian. They have already released their F150 Lightning and for sure looks good (at least to me) + +What's gonna happen on Monday ! + +Edit : Ford drops Rivian Partnership +Apple (AAPL) has become the first US company to reach a $2 trillion market cap. + +[Source](https://www.cnn.com/2020/08/19/tech/apple-stock-two-trillion-market-value/index.html) +The crypto ecosystem is still a place where the technically savvy are still the majority of adopters and advocate + +The growth that has occurred over the last 15 years pales in comparison to what will be possible if the unknowing majority of the population can be more rapidly coaxed until participating. + +This means more honest and entry level conversations with those unfamiliar with cryptos and all of us swallowing the annoyance that can come from the "isn't bytecoins that thing you buy for drugs lol" conversion. + +Good huddle, break +An often overlooked benefit of globalisation is the creation of vested interests of one company in many countries. This aggregates to a situation where everyone is so invested in one another that economic incentives (as well as increased cultural homogeneity) prevent conflict. +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? +Dydx is attempting to send every keystroke entered on the website through the amplitude API. That is actually insane for a DEX to be doing something like that. I could get in to all the reasons a provider might want to do something like this but without evidence I will just issue a caution. Lead dev states they want to know how long it takes from the time someone starts typing to an order actually being executed. From a security stand point that's insane and could much more reasonably be handled by scraping the actual submit button. Careful fam. +To participate and potentially earn UFR, you download the Upfiring dapp and seed the 7 Stress Test Files (free seeding). When the files are downloaded and decrypted, a chunk of the seeders will be rewarded with the UFR tokens. If you have any questions about the event, you can ask then on [Telegram](https://t.me/Upfiring). + +**Upfiring Dapp:** Available at [upfiring.com](https://upfiring.com) + +**The 7 Stress Test Files:** + +[BIG File 1 (2000 UFR)](https://files.upfiring.com/upload-ufr/upfiring-big-stress-test-file-1) + +[BIG File 2 (2000 UFR)](https://files.upfiring.com/upload-ufr/upfiring-big-stress-test-file-2) + +[Small File 1 (100 UFR)](https://files.upfiring.com/upload-ufr/upfiring-stress-test-1-file-1) + +[Small File 2 (100 UFR)](https://files.upfiring.com/upload-ufr/upfiring-stress-test-1-file-2) + +[Small File 3 (100 UFR)](https://files.upfiring.com/upload-ufr/upfiring-stress-test-1-file-3) + +[Small File 4 (100 UFR)](https://files.upfiring.com/upload-ufr/upfiring-stress-test-1-file-4) + +[Small File 5 (100 UFR)](https://files.upfiring.com/upload-ufr/upfiring-stress-test-1-file-5) +Be paranoid. Especially right now when there's tons of new people (myself included) in this group. I'm seeing a ton of companies being pumped up by brand new accounts with like 2 karma. Also in my opinion a ton of people are going to get hurt. All the bagholders are using this time to pump up their bags so they can finally unload. Just be careful do your own DD and may you have a trigger finger from the old west. Happy trading! +Apologies for another thread on Public vs Private job but I found most of the previous discussion were around salary. We often hear about job security and typical 38-40 work week. I work for a leading mining company in a niche Environmental role. I have been offered a similar role in state govt department. The salary is similar (a few grands less and no variable bonus). I am not too worried about salary because it's still great (more than 100k) and I have my own house on mortgage. + +My concern is how secure the job is when we talk about state govt jobs? Specifically for someone who does whatever required to get the job done efficiently but don't wanna be too ambitious. + +P.S. I am in WA if that matters. +I am sixty one years old and have lots of friends and relatives 50-60 years old who have lost their jobs/careers due to age discrimination. Their employers wanting a hip, young and inexpensive workplace will make live impossible for them at work, or will just terminate them in the waves of layoffs that hit corporate America. + +They want to go back to work but employers "generally" want younger cheaper candidates. If they try to accept less pay or a lower level job the code words becomes, "you are overqualified." + +Age discrimination is the perfect reason to double your savings and live frugally. Become a knowledgeable investor and pick the best stocks, bonds, mutual funds and other investments. Do your homework! + +Work in your field in an interesting well paid job is not guaranteed and once you are 50+ it is going to be a lot tougher to find a new job. + +Anyone with a story to tell about how age discrimination encouraged you to redouble your efforts to become financially independent. +https://www.wsj.com/articles/sec-pursues-plan-requiring-chinese-firms-to-use-auditors-overseen-by-u-s-11605614403 + +WASHINGTON—Chinese companies with shares traded in America would be required to use auditors overseen by U.S. regulators or face being kicked off exchanges under a plan being drafted by regulators, according to people familiar with the matter. + +The proposal, which is likely to be issued for public comment in December, would address the disparate treatment that applies to Chinese companies going public in the U.S. The firms have long been able to sell shares here, yet their auditors violate a key investor protection: China hasn’t allowed their work to be inspected. + +Auditor supervision has been overseen by a special watchdog—the Public Company Accounting Oversight Board—since the accounting scandals that took down Enron Corp. nearly 20 years ago. The Securities and Exchange Commission has taken different tacks to try to get China’s cooperation with the PCAOB, from suing its audit firms to get information on fraudulent companies, to negotiating with Chinese regulators and issuing public warnings to U.S. investors about the problem. + + +Total funds raised by Chinese companies through U.S.initial public offerings +Source: S&P Global Market Intelligence +Note: 2020 figure is calendar year to date. +.billion +2016 +'20 +0 +2 +4 +6 +8 +10 +12 +$14 +Now, the SEC’s proposal would put the onus on the New York Stock Exchange and Nasdaq NDAQ -0.23% Stock Market to require compliance with the audit inspections—or bar a new Chinese company from listing. Those with shares already traded here would have a few years to comply before possibly losing their listing. + +WSJ NEWSLETTER + +Notes on the News +The news of the week in context, with Tyler Blint-Welsh. +Notes on the News +I would also like to receive updates and special offers from Dow Jones and affiliates. I can unsubscribe at any time.I agree to the Privacy Policy and Cookie Notice. +SIGN UP +The SEC is moving fast to propose key elements of the plan before the departure of Chairman Jay Clayton, who announced Monday that he plans to leave by the end of December. + +China has said it is worried about auditors revealing strategic secrets held by domestic firms, some of which are majority-owned by the Chinese government. The country put up a new hurdle this year, implementing a law that prevents its citizens and companies from complying with overseas securities regulators without the permission of its own market supervisor and other components of the Chinese government. + + +To address that issue, the SEC’s plan includes a separate proposal to allow Chinese firms to get a second review of their books by an accounting firm based in a country where auditors comply with PCAOB oversight. The audit firm doing the work would likely assume liability for the opinion it provides, and the PCAOB could check the work. + +The details for such “co-audits” would need to be spelled out in a regulation. The SEC would have to address obstacles to such arrangements, including the political and regulatory risks the second auditor might encounter in China. + +“How do you meet the U.S. goal which is an audit subject to a meaningful inspection, and what appears to be the Chinese goal of limiting the access to information held in China?” said Paul Leder, an attorney at Miller & Chevalier and former head of the SEC’s Office of International Affairs. + +Another wild card: It’s unclear how much China still values access to U.S. exchanges for its companies, and thus how much it is willing to negotiate. Alibaba Group Holding Ltd. , which went public on the NYSE in 2014, chose to raise $13 billion in a Hong Kong share sale last year. Ant Group Co., the fast-growing financial-technology giant that grew out of Alibaba, was set to raise $34 billion in Shanghai and Hong Kong before the Chinese government halted the deal. + +The SEC’s proposals would take months to adopt and implement, and Mr. Clayton’s successor and the Biden administration could seek to tweak the approach. + +The SEC’s anticipated moves follow recommendations issued by a panel of U.S. policy makers in July that suggested how to address the inspections standoff. The panel, known as the President’s Working Group on Financial Markets, recommended tightening the exchanges’ standards for listing Chinese companies. + + +NYSE and Nasdaq have declined to voluntarily change their listing rules as the President’s Working Group suggested, people familiar with the matter said. Such a move could have taken effect more quickly than a new SEC regulation. + +Nasdaq officials felt they couldn’t implement the listing rule without clearer guidance from the SEC about how co-audits would work, a person familiar with the matter said. Nasdaq in May moved to raise its minimum requirements for listing companies from countries where PCAOB cannot inspect auditors, a step that could discourage initial public offerings by smaller Chinese firms. NYSE declined to comment. + +NEWSLETTER SIGN-UP +Markets + +A pre-markets primer packed with news, trends and ideas. Plus, up-to-the-minute market data. + +PREVIEW +SUBSCRIBE +Booting Chinese companies from U.S. capital markets would hurt the revenues of NYSE, which is owned by Intercontinental Exchange Inc., ICE 0.36% and Nasdaq. The shares could still trade over the counter. + +Both exchanges earn annual listing fees from such companies and benefit from the trading activity that comes from their shares. More than 170 companies based in China or Hong Kong have completed IPOs in the U.S. since January 2014, raising about $58.7 billion, according to data from S&P Global Market Intelligence. + + +Congress is weighing its own solution. In May, the Senate passed a bill that would give Chinese companies and their auditors three years to comply with inspection requirements—or face delisting from Nasdaq and NYSE. Similar bipartisan legislation passed the House as an amendment to a defense-spending bill. + +While the SEC plans to publicize its proposed actions in December, the agency will likely issue other proposals directing public companies and mutual funds to amplify their disclosure of the audit-inspection risks associated with China, the people said. Those other proposals may not be finished before Mr. Clayton leaves, the people said. +Context: Lots of posts talking about who is the Final Boss + +Everyone beating around the bush - perhaps because they are too smart to mention The Final Boss by their names + +I'm too smooth brained to give a @##$ + +********************************************************************************************************** + +Step 1: All the power is with who controls the money supply + + +Step 2: For the world the US through PetroDollar controls the money supply + +Anyone who doesn't agree, gets wiped out + +See: Iran, Iraq, Syria, Venezuela, etc + +**************************************************************** + +Step 3: For the US, the Federal Reserve controls the money supply + + +****************************************************************** + +Step 4: Therefore, whoever controls the Federal Reserve controls the money supply + +******************************************************************************************************** + +Step 5: The Great Reveal + +The list of founding members of the Federal Reserve (initial members on the Board of the Federal Reserve) + +The MAIN POWER is wielded through the Fed Reserve. It is not run by elected officials + +No one even knows exactly who is the power behind the Fed Reserve + +This is who the founding members were -> + +https://imgur.com/a/teB889B + +thanks to https://old.reddit.com/user/Additional-Ad5055 for sharing this. Please give him karma + +**************************************************************************************** + +Details for Step 5 (The Great Reveal) + +Formation of Fed -> The two principal Rothschild representatives in New York, J. P. Morgan Co., and Kuhn, Loeb & Co. were the firms which set up the Jekyll Island Conference at which the Federal Reserve Act was drafted, who directed the subsequent successful campaign to have the plan enacted into law by Congress, and who purchased the controlling amounts of stock in the Federal Reserve Bank of New York in 1914. + +Screenshot -> https://imgur.com/a/teB889B + +List -> + +1) Nathan Rothschild + +https://en.wikipedia.org/wiki/Nathan_Mayer_Rothschild + +2) J Henry Schroeder + +https://en.wikipedia.org/wiki/Schroders + +3) Morgan Grenfell + +4) Brown Shipley + +5) Lord Airlie + +6) Kuhn Loeb + +Solomon Loeb + +https://en.wikipedia.org/wiki/Solomon_Loeb + +Nina Loeb + +Theresa Loeb + +7) Jacob Schiff + +Mortimer Schiff + +John Schiff + +8) Paul Warburg + +https://en.wikipedia.org/wiki/Paul_Warburg + +MM Warburg + +James P. Warburg + +9) Emanuel Lehman + +https://en.wikipedia.org/wiki/Emanuel_Lehman + +Phillip Lehman + +Herbert Lehman + +Robert Lehman + +Arthur Lehman + +10) National City Bank + +11) Chase National + +12) JP Morgan + +https://en.wikipedia.org/wiki/J._P._Morgan + +Montague Norman + + +13) Morgan Stanley + +14) Drexl Company + +15) Lehman Stern + +16) Thomas F Ryan + +17) Bank of Commerce + +18) Alex Brown & Sons + +19) Bank of England + +20) Lazard Bros + +https://en.wikipedia.org/wiki/Lazard + +21) Schroeder Bank + +22) BB Harriman + +23) Guaranty Company + +24) Lehman Bros + +25) Abraham Kuhn + +26) Federal Reserve NY + +27) Hannover Bank + +28) Morgan Paris + +*************************************************************** + +This information is from the 1976 House Banking Committee Staff Report -> Federal Reserve - A Study of Corporate and Bank Influence + +Here: https://fraser.stlouisfed.org/title/federal-reserve-directors-a-study-corporate-banking-influence-1058 + +If you prefer Scribd -> https://www.scribd.com/document/46627723/Federal-Reserve-Directors-A-Study-of-Corporate-and-Banking-Influence-Staff-Report-Committee-on-Banking-Currency-and-Housing-House-of-Representative + + +****************************************************** + +It has a TON of other gems such as + +1) Federal Reserve Bank of New York had + +David Rockefeller as a Class A Director + +******************************* + +Please do your own research + +************************************************************************** + +The Greatest Transfer of Wealth in History + +is not going to be Easy + +Because + +THAT WEALTH LIES WITH THE FINAL BOSS + +The Short Hedge Funds and Short Family Offices were growing The Wealth of The Final boss using these illegal shorting methods and Infinite Money Glitch + +They made their 20% cut of profits. However, the remaining 80% WENT TO SOMEONE ELSE + +Guess who? + +The Final Boss controls the Federal Reserve (the money printing press) and a lot of other things + +***************************************************************** +Back in February I discovered that my cat was sick with FORL and needed mouth surgery pretty bad. The doctors quoted me at $800. Thankfully, the soonest surgery placement I could get for her was a month away. I decided to live on next to nothing and save as much as I could for her surgery. A friend also refered me to a charity that is specifically for low income people that have large pet medical bills. They were able to give me $100. I managed to save another $100. This left me with $600 for a medical bill that needed to be done. The vet office suggested I take out a low cap line of credit with Care Credit to pay it off. +Reluctantly, I did. I wasn't fond of the idea, but my furchild needed the surgery; She wasn't eating, she was in so much pain. +It was so rewarding to make the final payment yesterday. +EDIT: pics~ http://imgur.com/a/AkNpqHw +For the lucky few that have had the pleasure of *never* actually knowing about Safemoon, let me introduce you. + +[It's a copy-paste of BEE token](https://ibb.co/hK5Qcs9), minted on the Binance Smart Chain, with a few variables changed and general CTRL+F to replace "BEE Token" with "SAFEMOON" + +The idea is, when you sell, you are taxed 10% and 5% of that goes to a liquidity pool & (2.5% BNB + 2.5% SFM) and the other 5% is split proportionally amongst holders. + +The clever amongst you may notice two things here; + +* When you buy, you are actually buying 10% less than you bargained for, which means you need a de-facto 20% gain when selling Safemoon to *just break even* +* The structure of the tax of every use of the token benefiting early investors proportionally makes Safemoon a strange kind of Pyramid-Ponzi hybrid. + +------------- + +[My last chapter of this omnishambles - ](https://www.reddit.com/r/CryptoCurrency/comments/pdjxnb/safemoon_has_been_exploited_from_day_1_and/) ^(a situation that has been comprehensively mismanaged, characterized by a string of blunders and miscalculations) +- focused on the clear evidence on the blockchain that the developers had programmed a little flaw into the Liquidity Pool function, which allowed a small portion of those 2.5% of taxed funds to be sent to an **undisclosed developer wallet, which was then *wash-trading* the funds and selling for cash** + +------------ + +###BUT LET'S TALK ABOUT THE WALLET. BUCKLE UP, THIS IS ONE HELL OF A RIDE. + + +For any other Cryptocurrency, this is just not a big deal. + +A wallet is simply a place to hold Cryptocurrency(s) securely off exchange. In fact, it's kind of a given. They're nothing special. For Safemooners, it's some kind of perverse salvation. This is because it's the first actual product Safemoon have developed and delivered. A test of their mettle, so to speak. + +The hype leading up to the wallet has been unreal. To start with, Safemoon CEO John Karony was advertising "industry leading security!" (no details) and "unparalleled usability" (no details) + +[This was supposed to be delivered at the end of July.](https://twitter.com/safemoon/status/1409556070444449793) + +So July rolls around and people start to notice, still no news. Turns out, there's some kind of closed Beta, 500 participants, all sign some NDA that is allegedly this life or death "sued into oblivion" thing. This will become a handy excuse as the end of July looms closer and closer and not one single drop of detail emerge. + +People get nervous, questions get asked. John Karony comes on discord to assure everyone that it's going fine and the wallet will exceed expectations. People ask what his favourite feature of the new wallet is and he replies ["The calculator"](https://np.reddit.com/r/SafeMoon/comments/oksv0s/i_encourage_everyone_to_go_back_and_read_this_ama/). + +Now, immediately people start to speculate. The wallet is so hyped, after all, that it *MUST* have this revolutionary calculator, like an earnings, investment, profit and loss calculator, something crazy to take into account the Safemoon reflection system and future profit, something wild, like that! Right? + +-------- +Remember that. + +-------- + +End of July hits, no wallet, nothing. This causes three massive sell offs on the 30th, 31st of July and the 2nd August. + +Safemoon fires back, public beta launching! Early August. + +Jubilation in the hearts of minds of many Safemooner, deliverance at last! + +The beta is released, and people pick out a few issues: + +For one, the wallet appears to be a simple re-skin of Trust Wallet. + +* [Trust Wallet](https://i.redd.it/54q7q8dde0g71.jpg) +* [Safemoon Wallet](https://i.redd.it/lakkh7dde0g71.jpg) + +For two, **most importantly**, the calculator - *literally highschool programming* - is non-functional. If you perform any function with a decimal place, it errors to zero. Multiply 1,000 by 4.5? Zero. Divide 759.32423 by 2? 0. + +#The CEO's favourite feature of the wallet was a bog standard calculator you can find on any PC, Laptop or Phone, and it was a calculator that did not even work. + +For three, the app can't seem to stay open for more than a couple minutes before crashing and needing to be restarted. + +####Just to remind everyone, through all this and the people pointing out genuine flaws with the first public appearance of a project apparently made by Safemoon, the wolves came out and declared it all FUD, mass-banning from Discord, Reddit, Telegram, etc. + + +Safemoon Defense Force geared into action with some legendary quotes: + +> Everyone should understand that beta is not the final product. + +# +> Isn’t that the point of a Beta? + +# +>This app proves the Closed Beta in fact never happened. They cobbled this crap together like a week and a half ago so they could string along investors a little further.. +# +>Thats why there are beta's out. And yea it has a lot of issues but they can now work on it... ...I still trust in this team. +# +> Its just a Beta don’t forget + + +Do you get the idea? Well, a Beta is basically feature complete, undergoing final stress testing. The Safemoon open beta wallet was clearly an app cobbled together in less than a week by some half-illiterate team assembled from Fiverr. + +###What's important to remember is implications from the CEO that this wallet had been worked on for months. + +As the weeks go by, the wallet has numerous bugs fixed (further proving it was cobbled together last minute) all in the backdrop of the largest Safemoon whale selling trillions upon trillions of tokens, which prompted this thread from me: + +[Total Capitulation - Safemoon is now dead.](https://www.reddit.com/r/CryptoCurrency/comments/p5eapb/total_capitulation_safemoon_is_now_dead/) + +In summary, the price entered a deathly freefall. Safemoon had been shedding value against the dollar / BNB for months on end, and then in the space of a day it lost 36%, with 22% happening in the last hour as one whale cashed out tens of millions of dollars all in one go. This is in the context of the *entire Crypto market significantly rising over the course of a couple weeks*. + +This left the price at the lowest it had been since way before it took off. To anyone who invested at any point between mid-March and mid-August, they had now lost significant funds (and then will lose *another* 10% if they sold) + +Copium kicked in to overdrive and the ongoing sentiment was "Just sell and give me those tasty reflections!" + +I'm not sure if the thought ever occurred to them that receiving fragments of a nearly worthless and rapidly depreciating asset does not offset the fact that the initial investment is now -80% on price, but there you go. + +------- + +Something big needed to happen. The full release of the wallet was announced. August 28th - the day of days. + +The price quickly recovered from the low. Even now if you sort my thread by "new" you will see the shit-eating grin of investors, jubilant their -85% investment is now just -46%. + +I gave them one warning: + +> You aren't out of the woods yet. + +As the price recovered it broke the 3-month downward trendline. The wallet release really seemed to spur the community on. + +Hype built along with the price, and there ended up being Safemoon Wallet advertisements in [Picadilly Circus](https://twitter.com/safemoon/status/1429818330353967112), Trafalgar Square and Times Square. + +###SAFEMOON WALLET, ONE DAY TO GO!! + +The release date was 4PM GMT on the 28th August 2021. You may notice that's nearly two weeks ago. I bet you want to know what the wallet is like? + +Well you won't know, because **IT NEVER RELEASED** + +Twenty minutes before the release, CEO John Karony was [busy fluffing the wallet up on Twitter](https://twitter.com/CptHodl/status/1431627374471299077). + +It was supposed to be a simultaneous release on the iOS App store and the Android Play store. + +4PM rolls around, and... nothing happens. Nothing on the stores, nothing on the website. The app-store download buttons simply *refresh the Safemoon home page!* + +But another whale decided to cash out. Hindsight shows this was an excellent time to depart. He did it just thirty minutes before the wallet was supposed to launch. + +An hour goes by, two, with no explanation other than "Technical issues" + +Three, four... Then a day.. Then two. + +And the excuses are coming out. "You guys broke the app store!" "You guys crashed Safemoon again!" "We got DDOS'd!" + +###It was abundantly clear that nothing was scheduled for release, and Safemooners weren't buying the excuses. + +Apple / Play Store wouldn't have invalidated the release minutes before the scheduled launch. Validating an app can take a couple days. + + +And now the beta wallet is finally in the hands of a few trusted moderators from the discord / reddit communities. You should see the changelogs. Basic, simple errors are being corrected left, right and centre, and the CEO of Safemoon pretended this was ready up until the very last second before it didn't launch due to technical difficulties. + +**It's not hard to put 2+2 together here, the wallet wasn't ready so they just let the price hype up while they intended to not release it. Their excuses don't add up because the app-store would've released a submitted app, and the buttons on the website never once linked to either app stores.** + +We are now coming up to two weeks since the "launch" and still no sign of a release date. The whole thing has been a fiasco from start to finish and the show is still going on. + +[Just today, three executive team members handed their notices in simultaneously.](https://preview.redd.it/n9rcfexfujm71.png?width=640&format=png&auto=webp&s=feb03063d6a61e41223faa7e59c793030f899171) + +[Another source](https://preview.redd.it/mbs1wszbujm71.png?width=640&format=png&auto=webp&s=6d0a406fbefc129ffd7db2fbe2a6bada27fc41e7) + +That's from Charles Karony, John's brother. These images have been sourced from their private discord and posting them earns you an immediate timeout on the Safemoon sub. + +Hank was in charge of the wallet, Thomas (known to the cult members as 'Papa') is supposed to be developing the blockchain and exchange). Jack is the Chief Operating Officer. + +###The overwhelming impression I have now is "rats fleeing a sinking ship" + +Since the news broke, a leading Youtuber "Safemoon Whale" has sold up, and not only that but they deleted their Youtube and Twitter accounts. The price has been plummeting to lows last seen when the largest previous whale sold out. + +As always, the devoted immediately spout "buy the dip". **THIS IS NOW THE 11TH DIP SINCE MAY** At some point, these guys will ruin out of fiat to plow in to feed the whales. + + +And that "Safemoon Whale"? They only cashed out 500 Billion tokens. **THERE ARE STILL 43 WHALES WITH OVER 500 BILLION TOKENS! SOME HAVE TRILLIONS AND TRILLIONS OF TOKENS!** + +At some point, the hype will be gone. The wallet will release and people will go "Oh, it's just a wallet. So what." and it'll all unravel. + +And the price? It's still on the 4-month downward trend since May. The phoney wallet release was just a blip. + +So you have a copy-pasted token, a team of amateur kids with zero experience, a "Blockchain Wizard" with literally no proof of his technical skills faking rejecting a position at Ripple (this debacle is another thread entirely), a bunch of ripped off assets for marketing, a phoney wallet, a non-functional calculator, three missed wallet deadlines and now core team members all quitting at once, and all the while this happens, whales dump trillions of tokens, cashing out tens of millions of dollars, and the faithful lap it up and say "Thank you for my reflections". + +###Nah man. +So, my truck decided she needed $4k worth of work in the last 6 weeks (don't get me started), so I emptied all the coffers and now she's back to being reliable. + +Unfortunately, that $4k wiped me out. I am robbing peter to pay paul, and one of the things that came to mind was reaching out to the truck loan company to see if I could skip a payment. + +They obliged and I have the green light to do this....but I was wondering....does this negatively affect my credit? I know they just add the payment to the end of the loan, but does it do anything as far as my payment history goes? The loan company didn't have a concrete answer, so I was hoping maybe someone here would?! + +Thanks in advance!!! +The French government is going to sell $34.5M worth of Bitcoin seized in 2019 + +Isn't it amazing to sell BTC when at the same time the French government says that Bitcoin is only used for criminal activities? + +Does the French government want to promote criminal activities? + +Total hypocrisy of governments as always. + +Bitcoin is dangerous if you listen to them, but if there is a way to make money out of it, then you should not hesitate. The most incredible thing is that this does not seem to shock anyone in the general public. +Was talking to a couple a friends the other day and all thought bitcoin was a cool thing but they didn't want to spend that much money because a coin now costs $ 8000. I told them that you can buy a tiny fraction of a bitcoin. We need to make the public aware of the fact that you don't have to buy a whole bitcoin. What do you guys think? +Something I wanted to mention which I tell people in stocks all the time. If you bought into something with a certain belief and get nervous when the price falls when NOTHING in the fundamentals/story has changed, you really have nothing to worry about. + +That being said, I'm not so well-versed with cryptocurrency/ethereum. Those of you following the intricate details of the idea, HAS anything changed in the fundamentals, or are we looking at some sort of consolidation? +https://www.businessinsider.com/elon-musk-combining-spacex-tesla-boring-a-good-idea-2020-12 + +The purpose of the holding company wouldn't be to increase the market capitalization or stock price of Musk's firms, but instead enable him "to continue to make big bets for humanity, and have the time to manage them," Lee said. + +Lee added that creating a holding company would encourage more talented engineers to work for Musk's enterprises, as well as allowing the four companies to combine their HR and marketing departments and thus reduce the layers of bureaucracy, giving Musk more time to spend exploring new ventures. + +The name would pay tribute to X.com, the online bank set up by Musk in 1999, which later merged with Confinity and then became PayPal. Musk already owns the domain name, Lee noted. +I’m not sure why this is happening. I bought in at 11.36/share expecting it to moon, now it’s under 9. Is there a bug in the system that I don’t know about? I sold all of my positions at a loss to join in on the hype, and I’m afraid I made the wrong decision. Can someone dumber than me please explain? +I have a rental in popular area in St Pete (Tampa FL) area. + +I’m at the point where I have to sink 85k+ into the property to maintain it (impact windows, siding, sheathing, insulation, soffit, fascia, doors, other maintenance). If I adjust my rent to market price which seems to have nearly doubled over the last two years then I’ll be able to cash flow and put money aside for repairs and other crap that can happen. That will be a huge increase for great tenants who I’ll probably leave. I guess it will all be fine if rent prices continue to grow. Current rent is 2400 but market would be between 3000-3500. 3500 a month would cover mortgage costs and let me set aside 1000 a month for repairs. I say 1000 a month for repairs because I’ve invested about 10k a year in improvements and repairs for the last 5 years. At this point I think house will be all in good shape with extra 85k in repairs but who freaking knows. Place has been a money pit. + +Or + +I can sell. Bought for 193k. Lived there 2 years in the last 5. Depreciated straightline for 27.5 for last 3 years so about 21k in depreciation. Would sell for hopefully 400k. Would I be able to avoid all capital gains even though I depreciated because I lives there for 2/5 years? + +I’d like to keep the property if I can make the numbers work but if rent doesn’t stay this high and continue to grow then I’m going to be losing money which I can’t afford to do. + +Heard something crazy like there are a million vacant houses in Florida right now. Have no idea how that is possible. If a chunk of these go up for sale or rent then I’m probably screwed. +I have a parcel that I want to buy with cash, quick close. I have already had the title company do a search and provide me with some reports. The property is not listed, and I plan to make an offer to close in about 5 days. I do not wish for the owner to know who is buying. What are the best tactics to use? + +Edit: property is in CO +Long story short, my property is an LLC and my Realtor was helping me out looking for insurance and reached out to a contact of his. They quoted me and asked if they wanted me to bind the insurance - I did not reply to the email but my Realtor did and said "Please do." I ended up going with another insurance company in the end, but apparently, him telling his contact to bind the insurance meant that I'm responsible for service until they terminated because I never paid (I didn't actually know that). + +&#x200B; + +So I have this unpaid invoice for $262 that I don't feel compelled to pay because my Realtor isn't me and isn't part of my LLC and the insurance broker didn't bother to actually confirm with me. I'm discussing this with the company but they basically don't care and just want their money. + +What can I do? What happens if I just don't pay? +Long story short, my property is an LLC and my Realtor was helping me out looking for insurance and reached out to a contact of his. They quoted me and asked if they wanted me to bind the insurance - I did not reply to the email but my Realtor did and said "Please do." I ended up going with another insurance company in the end, but apparently, him telling his contact to bind the insurance meant that I'm responsible for service until they terminated because I never paid (I didn't actually know that). + +&#x200B; + +So I have this unpaid invoice for $262 that I don't feel compelled to pay because my Realtor isn't me and isn't part of my LLC and the insurance broker didn't bother to actually confirm with me. I'm discussing this with the company but they basically don't care and just want their money. + +What can I do? What happens if I just don't pay? +Looking for any examples if anyone had of home taken iPhone pics being replaced with professional photography and having a effect on booking rates. I thought I took good pictures and edited them nicely until my friend roasted a few of them. I used iPhone 10x. +Hi Apes, (this post is not adjusted for inflation, open to a wrinkle edit) thanks! If using inflation the ratio would be smaller - + +I am open to feedback - will take down if im tripping - But from my basic ass calculations - I show the markets using 28 times more leverage (this is for Margin, taken from FINRA Margin Statistics) than 2008 levels - + +I was looking at the margin levels - they stopped doing these numbers in July, I wonder why? + +July-21 $844,324BN + +So July 2021 it was $844BN (and has not been updated since July) + +And in July-08 $30,007BN + +So the math is 844/30 = 28.13 more leverage today vs 2008. + +[https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics](https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics) + +Edit - it looks like margin changed after 2008 - they used a lot more - still around 4 times over 2010 levels - Jul-10 $267,468BN + +If this is the case, hedgies are even more fukt and a call is coming soon... +With the exception of my car, everything in my possession is mine. I have a decent TV, a good laptop, a guitar, a badass dog, and a phone that still works, and none of it is financed. while I may be struggling financially, at least I can look around and be proud that everything I have, I own. No one can take any of it away from me. :) +ess of inheriting a hefty trust fund (the amount is highlighted in the headline, I just feel “funny” typing out that amount multiple times). + +I’m guessing it would be helpful to include a bit of context about myself, my lifestyle, and my long-term financial goals. I’m in my late twenties and live a rather spartan lifestyle. I rent a modest apartment, I don’t own a car, I don’t eat out, and I don’t travel more than once or twice a year. I work as a unionized janitor and have no interest in seeking a more lucrative, specialized career; I live quite comfortably on a salary of about $29,000 a year (this is “luxury” for me). + +As far as long-term goals are concerned, I would love to move to a cabin outside of my high COL city within the next twenty years and continue to live a comfortable-yet-modest lifestyle (I have no children and don’t see myself having children, however I’m not ruling anything out at this point in my life). + +I will continue to work for the foreseeable future and am going to keep quiet about my good fortune, but just to be perfectly clear, I do want to get to a point where I live entirely off of the dividends of my trust (while reinvesting as much as possible) at some point. + +As far as the specifics of my trust are concerned, I can’t be particularly helpful at this point because I’m not (yet) financially literate, and frankly, I don’t have a crystal clear understanding of the specifics, however I’m very committed to educating myself. The trust is worth approximately $2.5 million (largely derived from stocks and bonds). I’m also inheriting a small house which will allow me to move out of my rather expensive apartment. + +So I understand that the details I’ve given are extremely vague, but I’m just looking for advice and input about my lifestyle and long-term financial goals. I am a very solitary person who spends the majority of my free time hiking and reading; I don’t need much (although I’m sure my life will become slightly more complicated now) and I don’t have a big circle (I’m hoping to avoid a “long-lost cousin knocking at the door” scenario by staying quiet). Are these goals at least within the realm of reason? + +I’m definitely going to be speaking with a credible wealth manager (I want to avoid a sales-y “financial planner” who works on commission), but other than that, I don’t have a definitive plan, which is why I’m not making any big moves. + +Any input and advice is most welcome. Thank you for your time. +My brother passed away 6 months ago and left a 2021 car behind. My sister in law has been using the car because it was paid ahead by about 8 months. She’s leaving the country soon (forever) and wanted to sell the car, but now we realize only my brother’s name is on the registration. With everything going on, we didn’t even think to check this. My sister in laws name was on everything else so far 😞 +I’m assuming there’s no way to get ownership of the car without a probate court? How does that work? Would we also take ownership of all his debt if we do probate court? If we have to do probate court then someone from my family will need to do this since my sister in law (his wife) is leaving soon. + +What happens if she just leaves the car in a parking lot somewhere before leaving the country? + +Edit: +Thanks everyone. We are going to call the finance company on Tuesday and see what they recommend! +I sent $500 worth of USDT-BEP20 on my smartchain subnet of MetaMask to my Ethereum ERC-20 custodial wallet with Kraken. According to kraken, when a deposit is sent on the Binance Smart Chain to a standard Ethereum address, the private keys would need to be exported and then imported into a Binance Smart Chain wallet in order to recover the funds. + +However, this is not possible with their ERC-20 deposit addresses, as they are generated using smart contracts on the Ethereum blockchain. Addresses generated this way don’t have private keys associated to them, therefore they have nothing to export. + +Therefore, my money gone. Therefore, I am a fool. Dammit. + +Update: Thank you to all my fellow foolish kindred apes for responding. I feel much better now after reading of y’all’s failures & shortcomings. While this was a comedy flair, I definitely did fuck up and the loss was very real. But, from the look of it, we’ve all fucked up one way or the other. And from the most selfish dwellings within myself, it helped ease my pain. Tonight we drink. Cheers! +Hey everyone! I hope everyone has done well during the recent run up. In this [episode](http://8btc.com/thread-34562-1-1.html), what appears to be a somewhat desperate FUDing attempt against Ethereum/Altcoins by an OP who is eventually told to 'get some sleep'. + +Post by (user) 预测大神有点傻 on 6/13/16 +**【比特币暴涨最神警告】大家请进，信不信由你 +"The Most Secret Warning about Bitcoin's Boom" Everyone's Invited, Believing or Not Is Up to You** + + +**不要碰姨太，有姨太抛姨太 +不要碰山寨，有山寨抛山寨 +信不信由你，有些事情不想告诉你** + +Stay away from Whorethereum, if you have it get rid of it. + +Stay away from Altcoins, if you have them get rid of them. + +Beileving or not is up to you, there's some things I wouldn't like to tell you. + + +* [Survey Results] +* 1. "I'll get altcoins" 63% (64 votes) +* 2. "No altcoins for me" 37% (27 votes) + + +**(user) 预测大神有点傻 [OP]** +山寨庄家急着想套现，买比特币，所以宣传山寨 +> Altcoin dealers are looking to cash out, and buy bitcoin, so they're shilling altcoins. + +**(user) 纯净水** +玩以太的都是大神,,,众筹1亿多人民币,预售了6000多万以太,,,手里的持币成很低.就算不扯这6000多万个....光年产量1800万,,按现在这个价格,,每年需要18个亿接盘...昨天拉升了一下,瞬间给砸下来,,看来有很多人等着出货呢 + +> Only whales are playing with Ether, the ICO raised over 15 million USD, an estimated 60,000,000 Ether, making for a low number of holders for the coin. Let's figure including these 60,000,000 coins, with an annual creation rate of 18,000,000, according to this current price, each year requires 1.8 billion in buy orders. There was a bit of an uptick yesterday, then it pulled back instantly, it's like theres a lot of people waiting to unload. + +**(user) 秦的爱恋** +山寨大都还没解套了，不想割肉 +> A majority of the alts haven't dumped yet, I don't wanna get fleeced. + +**(user) 预测大神有点傻 [OP] [in response to above]** +好吧，等着就是你割肉韭菜来买比特币这句话 +必须逼到你割肉才收手 +> Yeah well, they're (the whales) just waiting for you to take short-term gains and buy Bitcoin, so that they can corner you, fleece you, and realize profits. + +**(user) sider** +可以买山寨了 +> You can buy altcoins + +**(user) muming** +姨太有这么不堪？ +> What's so terrible about Whorethereum? + +**(user) test8btc** +技术不错的山寨还是可以碰的，传销币别碰就是了 +> You can mess around with altcoins that have good technology, just stay away from the pyramid schemes. + +**(user) 宜州抠门电话总 [response to What's so terrible...]** +你可以多购买一些，留着 +> You should buy some more and hold + +**(user) 新兵** +说实话，光从前景和技术角度而言，国内所有山寨币加起来抵���上一个以太坊的。 +但是炒币不合适，正如你们所有人认为的一样，因为中国人不看好，那么就不会有人炒。 +之所以中国人不看好，是因为中国区块链的一些”专家“的宣传。 +这些专家在估值时，他们会用价值的方法去判断他们不看好的币，对自己想炒的币，就宣传概念，完全忘记了价值。 +就说圈钱吧，人家圈了钱起码有研究东西出来，中国的山寨币，无非就是一些区块链的基础应用+概念，发现好赚钱了，什么人都来圈，什么天使投资啊，上市公司啊。 + + +> To tell you the truth, if we're speaking from a future outlook and technological aspect, all the altcoins in the country combined are nothing to Ethereum. However, speculating is inappropriate, it's like if everyone of you is thinking the same thing, that if Chinese people don't see it as good, then there won't be people to speculate on it. +The reason Chinese people don't see it as good, is a result of propaganda from a few of China's blockchain "experts". +When these experts estimate the price, they'll use price valuation methods to determine the coins they think are bad, but for the coins they'd like to speculate on, they'll spread propaganda, and completely ignore the price valuations. +Just look at IPOs, everyone's IPO at least came out of some kind of research. China's altcoins are nothing more than a few basic uses and concepts from the blockchain, after people found out that money could be made, now everyone has an ICO, everyone is an angel investor and everyone is listing companies. + +**(user) 新兵 [same user as above]** +人家在研究啊，我们重点是炒。利用了国内玩家不成熟，以及盲从的特点。 +不信，我可以给你们举一些例子。 + +> When we do our research, we focus on speculation. Utilizing these domestic players (coins) is in its infancy, and it's blind. +If you don't believe me, I can give you a few examples. + +**(user) 宇宙第一帅** +想发财只有买山寨 +> Want your wealth to rise? Altcoins you should buy! + +**(user) petaflops [response to above]** +发财买山寨，投资买比特 +> Buy altcoins for wealth, buy Bitcoin as an investment + +**(user) bincoin** +价格不下来，肯定是高位站岗是定的 +> The price isn't going down, it must be at a high resistance level + +**(user) 预测大神有点傻 [OP]** +想找死也可以买山寨币 +> You could buy altcoins, if you wanna die... + +**(user) 深鱼** +比特币类似黄金，以太币更属于股票。 +> Bitcoin is like gold, Ether is more like stock shares. + +**(user) Apple-zou** +以太还是蛮有潜力的呀，毕竟除了比特币，以太是可以唯一能与之替换的。 +> Ether still has a lot of potential guys, after all, aside from Bitcoin itself, Ether is the only one (altcoin) that can replace it (Bitcoin). + +**(user) gowithbtc** +然而以太又破頂了 +> Ethereum has reached a new high yet again. + +**(user) DogeCoin-Keeper** +越是说不好的我越要买 +> The more you say it's bad the more I want to buy + +**(user) 我的田野** +vpnvoin +> "vpncoin" + +**(user) Decred** +越是说不好的我越要买 +> The more you say it's bad the more I want to buy + +**(user) 秦的爱恋** +越是说不好的我越要买 +> The more you say it's bad the more I want to buy + +**(user) 预测大神有点傻 [OP]** +然而没有价值，然而无限量，然而跌的时候会死的 +> and yet it has no value, and yet there's an unlimited amount, and yet when it crashes you'll die. + +**(user) Benhur924** +洗洗睡吧! 楼主 +> have a shower and get some sleep landlord! ('landlord' is their term for 'OP') + +**(user) 秦的爱恋** +好吧，我就看看，坚决不割肉追涨了 +> Alright, well I'll take a look, but I'm determined not to get fleeced for chasing gains. + +**(user) 预测大神有点傻 [OP]** +无限量的中心化的姨太最容易被更好的二姨太替换的。 +> The unlimited volume of centralized Whorethereum will be most easily replaced by an even better second mistress. + +**(user) ada** +对的，比较危险 +> That's right, it's a bit risky (in response to '1.8 billion calculation' user) + + +ETH Address for Tips: 0x09e47a0C248DA9443cE4D3d985cca30555Ac4162 + +*Tips, always appreciated. Thanks!* + +EDIT: Thank you for the gold again!!! + +EDIT 2: Correction from u/EtherPricing, thanks for double checking! +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! + +If you do, then why so? If not, then why so? Just trying to create a bit of discussion and maybe learn a bit more about ethereum that I don't already know. I speculated that ETH would be worth around 20-25 before metropolis, so obviously this has far exceeded my expectations. Now with bitcoin having issues and their own little bitcoin drama, it seems as if the flippening is really starting to become the flippening after all. Do I think ETH will jump to $100 before metropolis? I honestly think anything is possible with ETH. Unless bitcoin activates BTU or SegWit before metropolis I can honestly see $100 within the next coming months, it seems like a very slowly timely death for bitcoin and a very fast rise to power for ethereum. +On Bloomberg he mentioned that, despite strong equity markets over the last few years, there are still record amounts held in cash rather than invested in financial assets. + +He mentioned about 40% of China savings are in cash. Over 70% (!!) for France. + +Obviously he's talking his own book, because Blackrock wants to manage that money. But interesting nevertheless +My wife and I are moving into a new apartment in a month with one more room, allowing each of us to have a home office. I will be working from home for the foreseeable future and likely will continue to in the future even when things return to normal. I’m trying to brainstorm what luxuries or essentials really elevate the home office experience as I will spend a considerable portion of my time there. + +For instance, is a $1,500 Herman Miller chair or desk worth it? Upgraded monitor and/or other computer accessories? A TV to monitor the news/market? How to furnish and outfit basically. + +What are your favorite office luxuries and/or essentials that have drastically improved your home office experience? +I'm a 28 year old working in tech, living in a 1 bed flat alone. + +My rent is 47% of my salary per month. I moved out of home and I'm coming up to the end of my 6 month contract. + +My parents live very close and have offered to take me back in for another year or however long it takes me to save more to buy or be in a better position. + +The problem is I've bought furniture, including a medium sized fridge, a sofa, bed, coffee table, tv, microwave, table and chairs etc.. + +Originally I thought I'd just put it in storage till I'm ready to move out again, but now I'm thinking I could be there for a whole year or who knows how long again. The price of storage over that time would then equal or become more than what I paid for all these items. + +I only have one month to give notice and sort this out. I regret not thinking about this sooner and now I'm really worried about it all. + +I could put everything on gumtree, or put it in storage for now to buy more time? + +I'm a young female professional who wanted their independence but given the recent news, and looking at the property market, I think maybe I shouldn't have even moved out at all in this climate. I do really like my flat, and I reckon the rent on it will go up if it gets re-advertised. If I had a partner to share it with, it'd be much easier but I don't. + +What do you think I should do? + +\- Cut my losses and sell the furniture and come home for a couple of years and save hard for a deposit + +\- Go home but store furniture + +\- Rent somewhere cheaper (many places look really grim though and around the same price -- I think I got a good flat thats very rare to find) + +\- Continue renting and accept I'll be saving at a very slow rate and not get on the property ladder unless I find a partner or increase my salary by a lot in the coming years + +&#x200B; + +I would really appreciate your advice. +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + + Welcome + To + PIKA CRYPTO + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + +PIKA is a community driven token on the ERC-20 Network. $PIKA has a unique ecosystem known as 'GAME-Fi'. The aim is to revolutionize the 'Meme Coin' market. With 3 UNIQUE COINS you can EVOLVE $PIKA, into $THUNDER & $RAI. Including NFTs, BOOSTER PACKS, EVOLUTIONARY STAKING, DEFLATIONARY TOKENOMICS & MUCH MORE 🔥 + +https://pikacrypto.com/whitepaper.html# + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + + $PIKA TOKENOMICS + +💰 SUPPLY : 50,000,000,000,000 +👑 CIRCULATION: 43,101,152,454,923 +🙋‍♂️ HOLDERS : 5000+ +💵 LIQUIDITY: USD 1,150,000+ +📛 2.25% - Total Tax +✅ 1.5% To Liquidity Pool +👨‍💼 0.3% To Team wallet +🔥 0.25% is Burned +🌠 0.125% To Charity Wallet +🎫 0.075% Added Back to LP + + ⚡️$PIKA CONTRACT⚡️ + +0xa682ee16b497afceedf47e4820fc2af3845fd2d2 + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + + $THUNDER TOKENOMICS + +✊Second Evolution ($PIKA -> $THUN) +📊 RATE : 10,000 : 1 +💰 SUPPLY : 213,434,715 +👑 CIRCULATION: 213,434,715 +🙋‍♂️ HOLDERS : 1000+ +💵 LIQUIDITY: USD 461,000.00 +📛 2.25% - Total Tax + + 🌩 $THUNDER CONTRACT 🌩 + +0x43a89815f33747edbecc588d6bb7e1c10dda5599 + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + + $RAI TOKENOMICS +✊Third Evolution ($THUN -> $RAI) +📊 RATE : 1000 : 1 +🙋‍♂️ HOLDERS : 1300+ +💵 LIQUIDITY: USD 270,000,000 +📛 3% - Total Tax + + 📈 $RAI CONTRACT 📈 +0x4c9bbfc1fbd93dfb509e718400978fbeedf590e9 + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + +Link: https://www.youtube.com/c/PikaCrypto + +📢 Telegram: https://t.me/pikatokenofficial + +🌐 Website: https://pikacrypto.com/ + +🐦 Twitter: https://twitter.com/PikaCrypto_ + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— +SafeStar is a new fork of Safemoon. It's doing quite well right now, so I think it's worth checking out. It's got an active community, and a liquidity lock. I'll spare you the exhausting details and just share the links, because we all know the deal: + +Chart: https://goswapp-bsc.web.app/0x3C00F8FCc8791fa78DAA4A480095Ec7D475781e2 + +BscScan: https://bscscan.com/token/0x3C00F8FCc8791fa78DAA4A480095Ec7D475781e2 + +Proof of Liquidity Lock: https://dxsale.app/app/pages/dxlockview?id=20&add=0&type=lpdefi&chain=BSC + +Pancake Swap: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x3C00F8FCc8791fa78DAA4A480095Ec7D475781e2 + +[Website](https://www.safestar.me) / [Medium](https://medium.com/@safestar) / [Twitter](https://twitter.com/SafeStar_) / [Telegram](https://t.me/SafeStar_Group) + +And for full-disclosure purposes: **No, this isn't Safemoon, and it's not the same creators as Safemoon. The creator of SafeStar is paying homage to Safemoon because this a fork of that contract; it's not an attempt to clout chase Safemoon, just an acknowledgement of their influence.** Please don't FUD SafeStar because you want to pump Safemoon, we can coexist peacefully. +Xxxnifty - N$FW token + +Check out the official TG, to see where all the fuzz is about : https://t.me/xxxnifty_official + +1️⃣ Amouranth her OnlyPunk sold for $125.000 !! Let that sink in + +2️⃣ Launch of Alpha release of Pleasurely, xxxNifty's Adult Social Platform. (OnlyFans Social Like Platform, but way Better) + +3️⃣ They added different new teammembers to the core team +With lots of experience and all doxxed + +4️⃣ They announced a partnership with OnlyPunks , an algoritmic art project, crypto punks, but then adult +And this one is trending on opensea + +5️⃣ Team announced 2 Top 10 Exchanges on the way!! + +6️⃣NOfacegirl (NFgirl) top 19 on Pornhub , is branding all her new videos on PH with $N$FW and XXXnifty + +7️⃣ Stormy Daniëls joined as a Brand Ambassador , next to Nofacegirl and Amouranth and 6 others + +8️⃣ Stormy Daniëls is going to auction herself as NFT in the dress she wore when she dated him + the dress itself is an Unlockable by the NFT!!! + +✔️ Largest NFT marketplace in their space + +✔️700 Adult NFTs on their Marketplace + +✔️100+ creators on the platform to date (no matter of gender anymore!) Adding more daily + +✔️500+ NFT sales. Over 400 1of1's + +✔️ They launched the NFT marketplace i April 2021 and the token in may 2021 +So the project is really moving forward and the devs are working. Full time on this project + +✔️8 partnerships w/Agencies + +✔️8 Brand Ambassadors, with Amouranth and NOFACEGIRL and StormyDaniels +They have a huge social media followings , combined over 20 Million following + +✔️Deflationary Tokenomics benefit holders + +✔️Daily NFT sales + +✔️$25 million MC, 2 working platforms utilizing the utility of their native [NSFW] token + +1 : XXXnifty - NFT marketplace +2: Pleasurely- Social platform + +✔️XXXNIFTY is a registered business, meaning devs and team are all doxxed +✔️TechRate Audit approved +America’s employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates to cool the economy and slow price increases. + +The past year’s streak of robust hiring has been good for job seekers and has led to higher pay for many employees. But it has also helped fuel the highest inflation in four decades and heightened pressure on the Fed to further slow borrowing and spending. + +The unemployment rate in June remained at 3.6% for a fourth straight month, the Labor Department said Friday, matching a near-50-year low that was reached before the pandemic struck in early 2020. + +Many employers are still struggling to fill jobs, especially in the economy’s vast service sector, with Americans now traveling, eating out and attending public events with much greater frequency. The Fed may see the June job gain as evidence that the rapid pace of hiring is feeding inflation as companies raise pay to attract workers and then increase prices to cover their higher labor costs. + +The Fed has already embarked on its fastest series of rate hikes since the 1980s, and further large increases would making borrowing much costlier for consumers and businesses and increase the risk of a recession. + +Source: https://www.politico.com/news/2022/07/08/june-jobs-report-00044670 +I know a lot of people compare buying vs renting. With mortgage repayments vis-a-vis monthly rent. But at the end of the term when you own a £300k or so asset mortgage free are you not always quids in? +First things first: **I AM NOT SUGGESTING THIS IS OVER** + +In fact, given the market's overall valuation the last several years and the potential unknowns surrounding the coronavirus and its effects on the global economy, I believe we do still have further to fall. That said, already we are starting to see some panic selling in what are ultimately fundamentally sound companies in the tech industry, airline industry, energy sector and many others. + +I think that even though IMO right now is not the time to BUY BUY BUY, it is a great time to start conducting fundamental research across multiple industries and companies, and in particular looking at their liquidity and cash reserves as when the shit hits the fan, money talks. Cash is king and the companies that have good financial liquidity will be able to pull through this. + +Many companies especially in the energy sector will not survive this panic especially given the current shenanigans between SA and Russia, and will end up in chapter 11. It's possible that we may even see some bankruptcies, mergers, consolidations, and yes bailouts in larger, debt heavy companies in other industries that you wouldn't expect. But in all this madness, there will be diamonds in the rough that emerge. + +With all that said, let's start compiling a list of companies to investigate. This is not intended to be a list of "lulz AAPL is goin up cuz its Apple duh!". Many companies will feel the effects of this for a long time - at least the rest of 2020 IMO - but times like these are where we see who the strong participants in the market really are. + +**Personally, I'll be looking at ALL major and regional airlines. I'll also be looking across major defense contractors and the financial sector. Also, eventually there WILL be a vaccine for this virus, so biotech and the medical industry obviously deserve some attention.** + +This thread is intended to be a place to collect ideas not to immediately buy, but to **research**. I would love to see active discussion here and see some lurkers come out of the woodwork and share their DD on why they believe Company X will be a great buy when all this is over. Let's encourage in depth research and take this seriously. Most people will only see a few opportunities like this in their lifetimes. +I took a one-week night class on investing, and it was completely worth it. My teacher is a wealth advisor but only manages clients with multi-million dollar accounts. He was teaching to a class of not-even-close millionaires, so I didn't feel like it was a sales pitch like how I've felt when other financial advisors would lead seminars. He gave some pretty good advice, so I thought I'd share here. Some of it you probably know this stuff but I thought it was really good in general. + +1. Don't trust the advice of just one person (per my teacher, not even him). Warren Buffet, The Wall Street Journal, Business Week, well-known economists (well known for the industry, but not to me) have all predicted wrong. The teacher read quotes from business publications that in hindsight were obviously wrong. +2. If you put your money in a small, private investment firm, don't feel comfortable that they have a fiduciary responsibility to you. Most ponzi schemes were committed by fiduciaries. *This next part I don't really understand, but I have it written in my notes so maybe someone can clarify it*....If you're going to use a small investment firm, don't trust the financial statements provided by the firm. Ask the firm to see the statements from the financial institution where the money is actually kept. +3. Asset allocation should not be based on age or retirement date, it should be based on risk tolerance and goals. Pressuring someone in their 30s to have an aggressive portfolio when they have a low risk tolerance may cause them to panic sell when the stock market dips. Alternatively, pressuring someone in their 50s to be in a more conservative fund may cause them to feel FOMO and cause them to panic buy. The key is to try to keep emotions out of investing. +4. Investment apps on your phone may lead to worse returns. Again, keeping emotions at bay. If you see a huge loss in one day, you might panic sell. The teacher said an actual study showed that people who have investment apps on their phone tend to perform worse, but I couldn't find the study for this. He talked about the Norwegian Investment Fund and how the fund has remained consistent in its asset allocation regardless of how the market was doing. He said they do well because they don't react to panic. He spent almost an whole hour on human psychology and how it can ruin a good investment strategy. +5. The teacher doesn't really like target retirement allocation funds because the fees are higher, and you can build your own allocation cheaper if you put in the effort. I'm only writing this since I figure most people in this sub have enough interest to build their own asset allocation. +6. He praised index funds for their low cost and market performance. + +Anyway, it was a lot of good info that he crammed into 5 days. I thought it was an interesting class so hopefully these pointers help someone out! + +Edit - I mentioned the teacher gave us a reading lists, and someone asked for it. Here is the recommended reading list that the teacher gave us in case anyone wants to do more research. It's a lot more extensive than I thought and he even categorized them. + +Periodical Reading List: WSJ - Read selectively (only important stuff), Barron's, Economist, NYT Business Section Sunday Edition, Financial Times. + +For Social Security: Get What's Yours (Revised and Updated) by Laurence Kotlikoff etc (only putting first author name) + +Psychology: Thinking Fast and Slow by Kahneman and Mindset by Dweck (he said Bill Gates recommended Mindset) + +Statistics: How to Lie with Statistics by Huff and Mindware - Tools for Smart Thinking by Nisbett (he said Gates recommended Mindware). + +Beginner Reading List: + +1. David Scott's Guide to Investing in Bonds by David Scott +2. The Bond Book - Everything Investors Need to Know About Treasuries, Muncipals…(very long title) by Annette Thau +3. The Future for Investors by Siegel +4. Dividends Still Don't Lie by Wright +5. Intelligent Investor by Graham +6. Investing for Dummies by Tyson +7. Random Walk Down Wall Street by Malkiel +8. All About Index Funds by Ferri + +Intermediate Reading List: + +1. The Little Book that Beats the Market by Greenblatt +2. The Art of Asset Allocation (long title) by David M Darst +3. Invest Like the Best - Using Your Computer to Unlock the Secrets of Top Money Managers by O'Shaughnessy +4. Warren Buffet and Interpretation of Financial Statements by Buffet and Clark + +Advanced Reading List + +1. Graham and Dodds Security Analysis - Fifth Ed by Cottle, etc +2. Global Investing: The Professional's Guide to the World of Capital Markets by Ibbotson etc +3. Investment Analysis and Portfolio Management by Cohen. +As another post duly noted, part of the battle is simply understanding what kind of big comp is out there. + +I’ve seen many posts here from folks who have equity comp of $500k+. + +What kind of roles besides the following yield that kind of equity comp? +- Director+ roles at FAANGs +- Startup rocket ship employees who had their equity multiply many times over +- Cofounders at modest startup successes + +For clarity, mainly curious about equity, not commission/bonus/partnerships of this level that are seen in professional services. +Full quote wouldn't fit in the title, so here it is: + +> Let’s put it this way. When you place a bet in the market, you’re never just betting on the future of the company you’ve bought or shorted, although this is how it is often cast. Rather, you’re betting on the misalignment of the average investor’s perception of that company’s future with its actual future; that is, you stand to profit only to the extent that the current valuation of the company is “wrong.” + +>As such, you’re really placing a double bet, in the sense that you’re betting on two very separate things, each of which is extremely difficult to predict at all, much less quantify. The first has to do with the future of the company: how will its revenue flow change over the next few quarters, or over the next five to ten years? How big can this company really get, and why? That sort of thing. But the second, very separate aspect has to do with other investors: to what extent do people over and underestimate the potential of this company, and why? + +I think that people miss out on this fact far too often. Just because a company is going to be wildly successful in the future does not mean that it's a good investment. To make money by picking individual stocks you not only have to predict where the company is going (which is hard enough on its own), but you absolutely have to know where the market is *currently pricing* the company to go. + +Let me illustrate with an example. Let's say that there is a company, we'll call is Alset. This company is revolutionizing the its industry, and because this is a hypothetical and we've got a crystal ball, we know that the company is going to take 100% of the market share of its industry. Because of this, we know that it will make $100 billion in the next ten years. Now at this point there will be many people jumping in and saying "I believe in this product and what they are doing to the industry, I know they're going to crush it so I'm buying!" + +The problem is, though, that you didn't look at the price tag. Let's say the market was pricing this company at $200 billion. We know the company is only going to make $100 billion, so obviously this is a bad deal. The people with industry knowledge didn't do a valuation though, so they have no idea that despite the fact that they are dead on about the stellar future performance of the company, they are still going to lose a bunch of money. + +This works on the flipside too, sometimes shitty companies can be selling at prices so low that you still make money. This is the "cigar butt" investing that Graham is known for. He wasn't looking for great companies, but rather misalignments between investor perception (and therefore the market price) and the real value. + +This is the reason that you can't beat the market based on "buy what you know" alone. You need to know the company/industry AND know how to do a valuation to see what the market is assuming. + +Thanks for reading. + +*** + +EDIT: To be clear, this post is about trying to beat the market by stock picking. + +Quote is from http://briefdefense.weebly.com/, the story of a med school student who took a job on Wall Street. It's a good read if you've got half an hour or so. +Working in investments, it was always surprising to me that there is no strong consensus among professionals on the financial merits of home ownership. I was taught early on that home ownership was a lifestyle choice, and usually a bad financial choice. So buy one if you want to own a house, not because it's a good investment. This made sense to me, since home ownership goes against a lot of the conventional wisdom of investing (active, leveraged, not diversified, negative cash flow, low risk/return profile, etc.). + + +But I also regularly meet financial analysts, portfolio managers, and CFOs that love home ownership over stocks as an investment. These are generally well educated financial professionals, so I assume they have a reason for thinking this. When I bring up the conventional arguments, they'll counter with points about tax benefits and the leverage being relatively cheap and actually a good thing. That's usually where the conversation ends, because neither of us will have the numbers to back up the economic value of the leverage and tax benefits, so we just end up agreeing that "it depends". + + +So I did a deep dive analysis myself. The St. Louis Fed provides housing price and mortgage data from 1975. On a pure return basis, there's no question that equity dominates housing over that time period. The SP500 total return is 13,114%, or 12.0% annualized. US housing is 675% or 4.5% annualized. However, making some adjustments for leverage and tax, the difference is much smaller. SP500 is 10,923% or 11.5% annualized, and housing is 3,571% or 8.7% annualized. (See Edit 3.) + + +This is a small enough delta that I can now see how there are plenty of specific personal situations that would push housing above equity as a preferred asset class. On average, stocks are probably better, but for some people, housing might be. "It depends" is actually a very accurate answer. As an example, I did the same for California housing specifically, and it came out to 9,131% or 11.1% annualized. Just one change and already housing has almost caught up to stocks on an absolute return basis. + + +Anyway, thought this might be a question some of you have also been meaning to look into, and just haven't had the time. In addition to sharing, I also wanted to put my calculation out there for critique. I know there are major simplifying assumptions I've made, including a mortgage that fluctuates based on housing value, multiple instances of straight line averaging instead of compounding, mixing historical and current data, heavy use of midpoint averaging, etc. but I'm wondering if any of my assumptions are a big enough distortion to render the analysis grossly inaccurate. + + +Spreadsheet link: https://docs.google.com/spreadsheets/d/1oim4RGz-v8PUogTaQgDdc-rQDmjv-DPYi3i1xdFwvMk/edit?usp=sharing + +EDIT: Wow I just realized I missed a major factor. This analysis ignores rent entirely. Maybe I'll take another crack at it tomorrow morning. (Or someone else can using the spreadsheet.) + +EDIT 2: Rent might not be as big a deal as I thought. Gross rental yield is maybe around 2.9%, and average property tax is 1.2%. Add on all the other home ownership costs like maintenance and repairs and the net rental yield may actually be much lower than I thought. + +EDIT 3: Just woke up. Adding net rental yield is harder than I thought. I'm using 9% gross, from ATTOM's 2017 single family rentals report (much higher than the 2.9% I googled last night). Then I'm using 5% as an estimate for net tax + insurance + maintenance/repairs. This is just based on my personal experience, and I would love to replace this number with a more reliable one from some kind of national report. Adding on an extra 4% per year from rental yield, the adjusted national housing return actually tops out the equity return, 17,654% or 12.8% annualized. Big difference. +The posts on the front page about Cardano right now are bipolar as fuck. It's true...most people would probably agree that Cardano is one of the most divisive topics of discussion on this sub. I'll admit my bias for the project, but my opinions have not been formed based on rampant, baseless speculation. Let's look at the facts and the data. I believe I've been able to leave my bias out of most everything below... + +&nbsp; + +[Here is the Messari table for most active coins](https://messari.io/screener/most-active-chains-DB01F96B) + +You can sort this table in all sorts of ways. As of today, if you sort by "Real Volume", "Transaction Volume", or "Adjusted Transaction Volume", you'd see Cardano ranked 3rd behind BTC and ETH. Now, some will refute this evidence of Cardano's utility by saying that Messari skews these numbers for UTxO platforms because of "change" UTxOs. Fair enough...let's sort by "Active Addresses" and we see Cardano ranked 4th at ~383k addresses, 80% of ETHs active addresses and about 42% of BTC...and this is without any DeFi projects having launched yet. You can see [here](https://messari.io/charts/cardano/act-addr-cnt) that is a growth of about 250% over the last week. +TheDeFi project with the biggest reputation at this point, SundaeSwap, will most likely launch before the end of the year. People LOVE to measure the value of a chain based on TVL, which many Cardano bears will correctly state that there is currently zero TVL. Yeah, no shit...you can't measure something before it's been created. It's like trying to say somebody will be a shit athlete before they're even born, they have to at least grow to an age where they can start participating (analogies not always my strong suit, bare with me...). Anybody calling Cardano "vaporware" is lying, and anyone saying it "has no dapps yet" is not paying attention to the activity in the community and, while true at THIS VERY MOMENT, is basically ignoring the state of current DeFi projects. Ethereum took far longer than 11 weeks for good quality dapps to get going, Cardano will have them in about 4 months time from launch of smart contracts. + +&nbsp; + +Ok...so Cardano is being used A LOT right now...how is it handling the load? Well, you can see [here](https://datastudio.google.com/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/p_59kxcdtwnc) that the blockchain load has been steadily increasing since October. And you can see [here](https://datastudio.google.com/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/s0XCC) that the number of transactions is spiking greatly. (You can adjust the graphs to an earlier date to see that the trend is increasing but I can't link directly to it). Best thing about Cardano? It was built to BEND NOT BREAK!!! There are many parameters that can be adjusted on an epoch's notice to accommodate more transaction volume. In fact, [that is exactly what is being done](https://iohk.io/en/blog/posts/2021/11/22/slow-and-steady-wins-the-race-network-evolution-for-network-growth/). At the moment this is controlled by IOG, but when we eventually get full on-chain governance we, the community, will be in control of how Cardano adapts. + +&nbsp; + +I'm hoping I've laid out the facts with evidence pretty clearly here and I think I've avoided bias. I'm not trying to convince anybody to buy or sell, I want everybody to make up their own minds based on the data. It's exactly what attracted me to the Cardano project. There are ups and downs in the market, but Cardano's design will allow it to stand the test of time because of its "bend don't break" approach. The demand for its use is pushing up against the flood gates and they will be opening over the next few months. + +&nbsp; + +Edits for grammar +Using CNBC as I'm not seeing a better source at the moment. + +https://www.cnbc.com/2021/06/07/deutsche-bank-warns-of-global-time-bomb-coming-due-to-rising-inflation.html + +Inflation may look like a problem that will go away, but is more likely to persist and lead to a crisis in the years ahead, according to a warning from Deutsche Bank economists. + +In a forecast that is well outside the consensus from policymakers and Wall Street, Deutsche issued a dire warning that focusing on stimulus while dismissing inflation fears will prove to be a mistake if not in the near term then in 2023 and beyond. + +The analysis especially points the finger at the Federal Reserve and its new framework in which it will tolerate higher inflation for the sake of a full and inclusive recovery. The firm contends that the Fed’s intention not to tighten policy until inflation shows a sustained rise will have dire impacts. + +“The consequence of delay will be greater disruption of economic and financial activity than would be otherwise be the case when the Fed does finally act,” Deutsche’s chief economist, David Folkerts-Landau, and others wrote. “In turn, this could create a significant recession and set off a chain of financial distress around the world, particularly in emerging markets.” + +As part of its approach to inflation, the Fed won’t raise interest rates or curtail its asset purchase program until it sees “substantial further progress” toward its inclusive goals. Multiple central bank officials have said they are not near those objectives. + +In the meantime, indicators such as the consumer price and personal consumption expenditures price indices are well above the Fed’s 2% inflation goal. Policymakers say the current rise in inflation is temporary and will abate once supply disruptions and base effects from the early months of the coronavirus pandemic crisis wear off. + +The Deutsche team disagrees, saying that aggressive stimulus and fundamental economic changes will present inflation ahead that the Fed will be ill-prepared to address. + +“It may take a year longer until 2023 but inflation will re-emerge. And while it is admirable that this +patience is due to the fact that the Fed’s priorities are shifting towards social goals, neglecting inflation leaves global economies sitting on a time bomb,” Folkerts-Landau said. “The effects could be devastating, particularly for the most vulnerable in society.” + +Most on the Street see tame inflation +To be sure, the Deutsche position is not widely held by economists. + +Most on Wall Street agree with the Fed’s view that current inflation pressures are transitory, and they doubt there will be any policy changes soon. + +Jan Hatzius, chief economist at Goldman Sachs, said there are “strong reasons” to support the position. One he cites is the likelihood that the expiration of enhanced unemployment benefits will send workers back to their jobs in the coming months, easing wage pressures. + +On price pressures in general, Hatzius said that much of current spike is being driven by “the unprecedented role of outliers” that will ebb and bring levels back closer to normal. + +“All this suggests that Fed officials can stick with their plan to exit only very gradually from the easy current policy stance,” Hatzius wrote. + +That will be a mistake, according to the Deutsche view. + +Congress has approved more than $5 trillion in pandemic-related stimulus so far, and the Fed has nearly doubled its balance sheet, through monthly asset purchases, to just shy of $8 trillion. The stimulus continues to come through even with an economy that is expected to grow at about a 10% pace in the second quarter and an employment picture that has added an average 478,000 jobs a month in 2021. + +“Never before have we seen such coordinated expansionary fiscal and monetary policy. This will continue as output moves above potential,” Folkers-Landau said. “This is why this time is different for inflation.” + +The Deutsche team said the coming inflation could resemble the 1970s experience, a decade during which inflation averaged nearly 7% and was well into double digits at various times. Soaring food and energy prices along with the end of price controls helped push that era’s soaring inflation. + +Then-Fed Chairman Paul Volcker led the effort to squash inflation then, but needed to use dramatic interest rate hikes that triggered a recession. The Deutsche team worries that such a scenario could play out again. + +“Already, many sources of rising prices are filtering through into the US economy. Even if they are transitory on paper, they may feed into expectations just as they did in the 1970s,” they said. “The risk then, is that even if they are only embedded for a few months they may be difficult to contain, especially with stimulus so high.” + +The firm said interest rate hikes could “cause havoc in a debt-heavy world,” with financial crises likely particularly in emerging economies where growth won’t be able to overcome higher financing costs. +late 30's in Los Angeles area. Have been grinding away building my business for the past decade, and looking to exit soon. I'm pretty burned out, so looking forward to taking some chips off the table, at the same time trying to be wise and not rush things. + +I'm in talks with a Private Equity firm who reached out to us. They are one of the larger firms and after our initial discussion, they've sent over an NDA and have requested further financial and business details. I want to make sure we don't go in blind, our business has actually grown cause of covid 19 so right now our numbers are looking better than ever. + +I have an Investment banker that we were working with in the past, to get the business ready to sell, but timing wasn't right so they went into holding pattern. + +Would you recommend using the investment banker again to have someone in our corner as we deal with the P.E.? If so we will definitely negotiate their cut since we were in touch with the possible buyer first. + +Also I know there are some other things I need to get into place such as + +umbrella insurance policy + +a good M&A attorney. + +Looking for any other recommendations of things i need to get into place. + +As for my personal finances, i've been living a fairly normal life, and trying to put any extra savings into low costs index funds, 80% VTSAX and remaining in some tech stocks. + +All said and done I've got about 1.7 million in the above stocks/vtsax, 300k in cash, and still paying off my home with about $400k of equity in it. + +there's potential for me to get 5-15m from this deal. + +any specific thoughts on how to best deal with the PE firm would be appreciated as well as any general guidance so i dont screw up this fat fire thing. + +I don't need any fancy things, would probably like to move to a slightly bigger home eventually, but other than that i've got all i need and don't foresee any crazy lifestyle creep. + +thanks in advance!!! +Long time lurker, throwaway for obvious reasons. As the title states, I’m a 30M and have a net worth of $5.5M, of which $4.7M is invested across a stock/bond portfolio. The remaining is my primary residence. Not included in the $5.5M is 6% ownership in a tech startup doing ~$3M annual recurring subscription revenue. I am not including this in my NW as I consider it high risk and it has not yet generated me any sort of income; although, I should be receiving distributions in the near-ish future. + +I have no debt other than ~$300k mortgage with a 2.5% interest rate. + +I am happily married with no kids (will have maximum of 2 probably In next 5 years), work in the tech space (non-dev), and live in the SE USA. + +More specifically, I work at a competitive tech company (search engine) that has great benefits (full health insurance for entire family), unlimited vacation, competitive pay, etc. While I generally enjoy the company, it’s product, and the culture/work environment I work in, I’m a little burnt out on the whole politics of the job, the high stress environment of constant progress and growth, and generally working for someone else day in and day out. + +While I have no intentions whatsoever to be a bum, lying around on the couch all day, I frequently run the fantasy through my head of pursuing hobbies, traveling, and living a stress-free, activity-filled life without the constant 1:1s with a manager, endless projects, client meetings, and presentations. + +As far as spending, we spend roughly $10k/mo including mortgage which goes mainly towards food/groceries, social events, travel, and daily living expenses. If needed, I could easily cut out various frivolous social and travel expenses (ie 5 star hotels, massages, fine dining etc) + +Excuse my naivety but, to be completely transparent, I don’t think I’m fully aware of my financial situation as it compares to others and don’t really know whether or not I *need* to keep working. Am I in a position to do as I please moving forward or do I need to continue grinding and get to $10M by 40? Like many others, the desire for FU money would be nice but it’s not something that is a priority in my life. + +As the title says, I’m curious what you guys use? I need to get a system in place for myself - been winging it and doing napkin math for way too long. + +I know business accounting and I’d like a way to track and analyze my personal accounting the same way. Quickbooks is shit these days (talking about QBO, in particular). Is Quicken any good in 2022 (relatively speaking)? Or are there alternatives that are e.g. sleeker, less friction, better integrations, more flexible, etc? + +I’d like something that can both maintain personal finance (balance sheet, cashflows, etc) as well as act as a tool for analysis / modeling / projections. + +Ideally what I’d like is one hub that cleanly integrates with statements for credit cards, LOCs through financial institutions, stock portfolios, real property, personal property assets, etc. In a perfect world this tool could even track non-digital investment assets like bullion (which would be manually inputted obviously). + +Anyways, I’m open to suggestions outside of what I’ve scoped here too. I always love nerding out on tech tools in general, so honestly feel free tell me about anything cool you’re using to manage personal finance. + +Thanks in advance! + +EDIT: Thank you for all these great suggestions! I've got some research cut out for me over the next couple days thanks to you guys. I appreciate it! +Remember the big news that Visa had completed their first crypto transaction on their network? Did you know it was Crypto.com who was behind that? Probably not, because everyone seemed to ignore that part. They’re currently releasing NFTs with Snoop Dogg, they’re sponsoring F1 race cars, and have the 6th most popular finance app on Android. + +I remember posts on this subreddit getting so much attention that would criticize them for hidden fees which didn’t exist. (It was just people not understanding how spreads and low volume work.) People also gave them so much hate for making changes to their company and tokens without telling the public first. Granted some things they should’ve said before doing, but they’re a startup in a brand new sector with regulations changing by the day. You can’t expect them to divulge everything to the public before it’s ready for the public. + +I’m not saying everything they’ve done is perfect and we can’t criticize anything. Far from it. But I think they deserve a lot more credit than they get for bringing crypto to where it is today. +[Chart of the massacre](http://i.imgur.com/Z0K8GSv.png) + +Thanks to /r/personalfinance, /r/frugal, and a lot of non-reddit sites as well that made me feel like I wasn't alone. Nobody talks about debt in my real life, so I felt completely alone, like I was the only person whose mistakes and poor planning had landed them into this sort of bind. + +At times I felt desperate because the amount owed was so immense Sometimes I had a bad month and backslid and almost gave up. At times I was tempted to just min-pay until I died. I kept going, and lived reasonably frugally. If SomeRandomGuyOnInternet can do this shit, so can I! + +In addition to sharing this good news with you guys, I've celebrated in an even more fitting manner: by submitting forms to max out my 401k, and by opening an account with vanguard to invest more on top of that. Time to get compound interest working FOR me, not against me. + +Fuck debt. +Currently I have around 15ETH, which is a LOT for me and my limited finances. + +I really believe in ETH and all the upcoming features. + +I have to resist putting more than I can afford into it BUT I am afraid of passing by an opportunity for yearly returns through minimum PoS requirements. + +What do you think? It would be really risky for me to up my stake but I want to be part of the PoS. +Just recently started. Made a Coinbase account and put an order in for a few ETH. It hasn't actually"settled" in my ETH wallet yet. It says it takes a few days. I have few questions regarding Coinbase and ETH. + +First question: +Let's say my order was put in for 50 coins at 19.50. It takes 5 business days to settle since it's not coming directly from my Coinbase wallet. Right before it settles, let's say ETH Reaches 21. Will Coinbase honor the 19.50? I'd assume yes but I want to double check. + +Second question: +Do I need anything else besides Coinbase to invest for the long term. Buying and holding ETH mainly. + +Edit: don't want to miss out on ETH like I did BTC. + +Edit 2: Wow! Wasn't expecting such a positive community. Thanks for the info everyone. I was expecting members to either not respond or give me a a smartass reply like many other niche subs. Just wanted to say I appreciate it. :) +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! + +I had a thought/theory about the growth of eth. Once people get dapps working and companies/people start using them, the gas for each transaction will blow up the price of eth. + +Imagine 1 dapp with 10k users. Very small amount/guestimate. Each transaction sends let's say 0.001 eth of gas. 0.001×300 = 32 cents per transaction. That's probably less than visa right now since a lot of banks charge $3 to take put $ from a different atm so I'm presuming this assumption is kind of correct. + +Now think about how many transactions will be made every second. Every time someone clicks a link on a Web page built on eth, that uses gas. Every buy/sell on online stores uses gas. + +Let's say 10k people make at least 100 transactions a day, say clicking buttons or buying shit. 10k × 100 × .32 = $320k circulating a day. And that's just with one dapp. One company. Imagine when microsoft, mastercard, ibm, toyota, bp, cisco, etc, implements all their shit. It will be millions and possibly billions of transactions a day. Ethereum will have to be more than bitcoin at that point because there will only be a total of 110 million eth in the world. And once it hits 100 mil it will take a fuck load of time to mine that last 10mil. + +Am I right about this? People say "companies building on private chains won't require gas" that's true, however won't companies go to the public chain after private? That would be like microsoft.com staying intranet instead of putting it on the Internet - it just wouldn't make any sense. + +Tl;dr: eth will be moon bound due to: (number of dapps) (number of people/companies using dapps) (number of companies building on ethereum) ( transactions per day ) (gas price) +You just can't seem to get it down, can you. + +If ETH is a pump and dump, it's becoming the most resilient pump and dump scheme in crypto history. + +It must suck so hard for you guys to have never early adopted it because you were told by your leaders that it's a P&D, missing the big rally since january, and still staying at current highs even after throwing everything you've got at it: toxicity, brigading, supporting the weakest forked chain, ... + +Hell, you guys are even buying ETC now (finally, it was just meant to happen, wasn't it) to force the P&D into a collapse and even after all of that, and thanks to your fresh bitcoin influx, the combined value of the 2 chains now exceeds monthly highs. + + +Damn, it must really suck to try so hard without any satisying results. + +By all means, keep fighting to try and proof this is a P&D, I think it's brave. + +Brave bitcoiners. + +*pat, pat on the head* +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! + +Fears of government seizing assets because of clear sanctions enforced against Russian oligarchs. Talk of piling into commodities because the global economy is surely crashing. More talk of rigged markets because greedy idiots are trying to pile into cheap Russian assets or oil at the very top and then getting burned. I know the market is volatile. I get that the world is scary right now. But this is just crazy thinking and it does not help anyone in their investing. Just crazy to see this amount of conspiratorial thinking especially on a sub dedicated to discussing stocks. So stay safe out there and try not to let yourself get caught up in the madness +Alright aus finance - been renting for 5 years at $300 per week, sick of renting and want to purchase my own place - no deposit and no debts, however parents can go guarantor. Id be looking at being able to afford $450k but also renting out a room to a friend. Im on 80k per year. Is this a massive mistake or should i bite the bullet and do it.? Thank you in advance +# WHY WE HOLD? + +First, let’s talk about fish. What do they do before they die? They jump around; they try to escape; they make noises. If your hands are weak, you let the fish escape. Now you cannot feed your family because your hands are just made of paper. + +I know you are scared, me too. Especially when we thought we lost our guidance today after trading hours and we saw the price dropped without an ability to do anything. For me, I’ve just bought some more at $350 for 16k and I was scared shitless. I’m not gonna lie. + +But, you should know that THEY ARE SCARED too, even more than us. You see, Melvin is nothing but just a big fish to us. This fucking shark I gotta bring it down not only to feed my family but also yours. But before we defeat them, they will use every dirty trick to fuck us over to win back this game. You will get hurt if your hands are not made of diamond. So HOLD IT tight, like you hold your wife’s boyfriend’s dong. + +# WHEN TO SELL? + +When you see the price goes up 5 times, 10 times, 50 times, or even more from one day to a week. That is when the short-queeze happens. That is when you sell. If your hands are made of paper, sell your position when it’s 5x. If your hands are made of wood, sell it at 10x. And so on so forth. + +DO NOT SELL IT WHEN THE SQUEEZE DOESN’T HAPPEN YET. I repeat, **DO NOT SELL IT WHEN THE SQUEEZE DOESN’T HAPPEN YET**. This is a phenomenon that happens only ONCE in your life. You don’t want to miss it. + +TL;DR: Only sell when you see the price spikes up 5x, 10x, 100x from one day to a week. This is the way. + +Here are my rockets quotas: 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 + +Positions: 158 shares on RH + 98 on Schwab:[ https://i.ibb.co/VqjBszT/8-EF6345-E-126-D-441-C-9-B90-4669-E7355-E43.png](https://i.ibb.co/VqjBszT/8-EF6345-E-126-D-441-C-9-B90-4669-E7355-E43.png) LET'S FUCKING DO THIS. + +Disclaimer: I am not an investment advisor, I just like the stock. +#[Image: Monthly Cash Flow](http://imgur.com/Mu78zGS) + +Thinking of everything in terms of *monthly cash flow* greatly simplified my understanding of personal finance. With this method, It becomes crystal clear why someone is struggling with "living paycheck-to-paycheck." I even made a super simple [budget spreadsheet](https://docs.google.com/spreadsheets/d/1-k3e7xv3AsOGaIPz_afMt3cod_578Vn42m9_R9WuMeQ/edit?usp=sharing) organized with this approach. Feel free to use it as needed! + +It is well known since years and means only that you have a different transaction ID than your service is showing. At the end you should see the exit at your spending address an usual, only with another tx id. + +What does it: somebody on the network sees your tx and makes a identical copy of it with some extra data, to have a different hash value. He CAN NOT diverge the transaction to another target address or double spend it. BECAUSE crypto remains unbroken. + +Technical explanation: https://en.bitcoin.it/wiki/Transaction_Malleability +Hi, I am a new investor and was building my portfolio out for passive dividends and the common theme I found in my research was a comfortable 5% or higher returns number. However, I can’t find any info as to how should I distribute my monthly savings into XYZ stocks to get a yearly return of 5% or more. Any help in that area would be helpful. Thanks! +&#x200B; + + + +So, the last post on this subreddit, in contrast to my second to last post, fell flat. In it, I asked you, the reader, to look at the stocks I bought and rate it. I did not have an explanation as to why I bought a stock. I did not include intrinsic value. It was rushed; and for that, I apologize. + +This time around, I am including the price that I bought the stock; as well as an explanation as to why I bought said stock. I hope you, the reader, will gain some info on my work. Thank you regardless. + +&#x200B; + +1. SSY – SunLink Health Systems bought at $1.42 per share: + +a. SSY owns a pharmacy store, a regional hospital, a nursing home, IT services, and thirty avers of land in Mississippi and Georgia. I bought into this company for a couple of reasons. I was impressed by their stock repurchase plan program. While the company traded at $1.42 per share, the company’s net-current asset value alone was $1.85 per share. The enterprise value of SSY was only $2.14 million; and that does not include property. I valued the company at $8.08 per share based on its’ average earnings yield of 17.57 percent. + +2. Biglari Holdings (BH) bought at $118.57 on Feb. 2nd 2022 + +a. The company is a mini-Berkshire Hathaway. The company owns a restaurant that has turned around twice (once during the 2008 recession; and once during the COVID pandemic). BH also owns a well-read magazine and two insurance companies. Like Charlie Munger, the investments are limited to a select group (Cracker Barrel). However, the company is in a price decline due to the image of Biglari, its’ failure to capitalize on its’ Cracker Barrel mess, as well as a near miss with its’ debt. I do not see the company collapsing, however. It has hundreds of millions in property, a sizeable investment in Cracker Barrel, as well as free-cash-flow. Comparing the free-cash-flow to the average restaurant company (BH measures their worth by Discounted Cash Flows), the intrinsic value of BH for me is $1,587 per share. The margin-of-safety is high. + +3. Ayro (AYRO) – Bought in January (I forgot the exact price) + +a. . The company caters to electric vehicles in urban areas as well as campus areas. The intent is to focus on driving in the city at low-speeds, such as no higher than twenty-five miles an hour, with a range of fifty miles. However, because the company has never been profitable, the company has been losing share price. Why would I buy the company at its’ current market value of $56.79 million (as of January 9, 2022)? Ayro has only $6.76 million in liabilities with $77.10 million in cash. The company has a negative enterprise value, meaning that one could buy the company, pay off the debt; and still have $31 million in cash. Either the company rebounds and the share price goes up, or the company liquidates and a small profit is made. + +4. AlerisLife Inc (ALR) bought at $3.06 per share + +a. Formerly known as Five Star Senior Living Inc. at the time of my purchase in January, the company owns 252 senior living communities. The company was able to weather the COVID-19 pandemic by selling some of their businesses. The enterprise value of ALR (remember that enterprise value is market value plus debt minus cash) is only $7.02 million; yet the company has $159.25 million in property. Even if the company sold their properties at a tenth of a dollar ($15.93 million), the company would still have a negative enterprise value. The company is literally sitting on a gold mine. The intrinsic value of the company is at $6.12, which is double what I bought into if one counts tangible book value. + +5. Smith and Wesson (SWBI) bought at $17.70 + +a. Guns are a cyclical business. During times of panic, guns are bought at a higher profit, leading to gun companies flourishing in dough. When politics (such as George Floyd, as well as the Twin Cities) interfere with the gun owning process, the Gun business declines. SWBI is no exception. In fifty-two weeks, the stock has gone down 55.09 percent mainly due to sales being down 7.3 percent from a year earlier. I am not worried, however. There is 3.92 times more cash than debt. Debt has gone down from $80 million to $41.18 million. The quick ratio is 2.06. Hedge fund pro Joel Greenblatt has bought shares in the company. I valued SWBI at $66.11 multiplying SWBI’s $17.70 price by 3.73 (The SWBI EV-to-EBIT was 2.04 while the median EV-to-EBIT was 7.62. The division equals 3.73). The margin-of-safety is high. With a moat and a large margin-of-safety, SWBI is worth the enterprise value of $742.89 million + +6. Sankyo (6417 JP) + +a. Unlike in the U.S. where due to a more fairly valued market that has few NCAV opportunities, Japan has more NCAV stocks. Some even turn a profit. Since the Japanese hoard money and live frugally (unlike the U.S.) partly due to the effects of the 1980’s bubble, companies can have crap-tons of money whilst making it. Sankyo owns Pachinko boards, similar to Plinko on The Price is Right. The company (as of February 15th, 2022) trades at 3,200 yen per share; yet, has 3,827.90 yen per share in NCAV. Earnings Power Value alone is 4,079.46 yen per share, meaning that the company is flourishing with free-cash-flow. Finally, the company has a negative enterprise value of 44.95 billion yen. Any company that makes money (although due to the declining Pachinko market, less in the future) whilst having lots of money is worthy of a takeover, liquidation, or steady increase in price. The intrinsic value (and this one is more conservative than Donald Trump in the bedroom with Ted Cruz) involves dividing the 10.12 price-to-earnings ratio for Sankyo by the median P/E by 23.03. The intrinsic value is 7,282 yen. + +There. Let me know what you think. +I have covered all valuation templates from Prof. Aswath Damodaran but haven't fiddled around with any other excel template. + +Curious to know what you guys use and what your favorites are? + +Could be Excel templates for DCF, Relative Valuation, Option Pricing. Anything relevant to Valuation. +Low P/E, growing cash flow and earnings, extremely high dividend, rising shipping costs, what isn’t there to love? If anyone has any reason why this isn’t a good company in its own right speak now or forever hold your piece. Yes there’s other things that make a company “good” but I just didn’t list them all. +Is UPST a value play? P/E = 23, P/S = 3.6, 15% profit margin, quarterly earnings growth 223%. The company is growing like crazy. It's super innovative, no competition, great management and terrific reviews from borrowers. Their model is more effective than the FICO score. More and more banks are using their software. Upstart software lets banks automatize lending process and cut costs. + +Also, Morgan Stanley downgraded the stock to $19, which is a buy signal. + +Thoughts? +Looking to gain more experience, and I'm curious. What do you feel is the best 10K Report you've read to date? + +Besides the financial numbers, what about the company's annual report leads you to your opinion? +So I was horrified when I learned that average retail investor return who picks individual stocks does not beat inflation. I hear everyday that index investing is best for majority investors and that picking stocks is HARD and that is highly probable that you will lose money. Additionally, I read that 30 % of stocks lose money. I started investing about 1,5 year ago so I do not know if I can pick stocks, or whether I will lose money in the longterm. This is obviously scaring me. + +So I decided to do simple test. I found a list of S&P 500 stocks from the year 2000 (height of the bubble). Then, I selected 50 random stocks, which have financial history to this day. From those random stocks, I ran simple DCF analysis (from 1990-2000 data) and ascertained, whether they are cheap or not, relative to their past performance. If they were cheap, I added them to buy list. I did not do any further research. It took me 1 hour max. + +Stocks from the buy list returned 15 % CAGR to this day, while S&P 500 ETF returned 7.34 % CAGR. Stocks that I excluded from the list because they were expensive (or had too much debt) returned 0-5% CAGR. I am not sure whether the test works, because I had to exclude companies that do not exist now (went private or bust). However if it works, why on earth would anyone invest in index, if you can beat market with calculator and one hour of time? Researching stocks hard also does not seem that important, while buying cheap seems CRITICAL. Also holding for 20 years seems to help. + +What are your thoughts? Did you try to do any similiar test? +Does anyone know the best HF / PE / mutual funds that are value-oriented or have a link / list? Thank you in advance. Context: this is for jobs / internships. +Is anyone here using options at all with your value investing strategy? If so, how? + +I know that Buffett uses them occasionally to enter positions at prices he likes (as well as LEAPs on indexes during volatility). Was curious to see how everyone here uses them (if at all). +I sometimes run into an insider that sees a decrease in the number of stocks owned without a corresponding "sale" event. How does that make sense? + +One example of this is the CEO of NASDAQ:SQFT, Heilbron Jack Kendrick. OpenInsider doesn't show a single sale event yet the amount of stock he owns keeps getting reset over the years. + +[http://openinsider.com/screener?s=&o=1437208&pl=&ph=&ll=&lh=&fd=730&fdr=&td=0&tdr=&fdlyl=&fdlyh=&daysago=&xp=1&xs=1&xa=1&xd=1&vl=&vh=&ocl=&och=&sic1=-1&sicl=100&sich=9999&grp=0&nfl=&nfh=&nil=&nih=&nol=&noh=&v2l=&v2h=&oc2l=&oc2h=&sortcol=0&cnt=100&page=1](http://openinsider.com/screener?s=&o=1437208&pl=&ph=&ll=&lh=&fd=730&fdr=&td=0&tdr=&fdlyl=&fdlyh=&daysago=&xp=1&xs=1&xa=1&xd=1&vl=&vh=&ocl=&och=&sic1=-1&sicl=100&sich=9999&grp=0&nfl=&nfh=&nil=&nih=&nol=&noh=&v2l=&v2h=&oc2l=&oc2h=&sortcol=0&cnt=100&page=1) +Hi guys, I am curious to know your approach to value a company. +Do you you use a classic discounted cash flow valuation using FCFF or FCFE and WACC as discount rate or your own expected return(12/15%)? +What do you use as Margin of Safety? + + +Have you read Rule 1 investing books form Phil Town?What do you think about his method? Too simplistic? +It has a price to book of below 1, and I stumbled upon this article from yesterday, they are in the process of extracting (in the next few years) 3 trillion cubic meters of natural gas from the Black Sea in partnership with Exxon : [https://www.oedigital.com/news/495935-omv-petrom-welcomes-much-needed-changes-to-romania-s-offshore-gas-law](https://www.oedigital.com/news/495935-omv-petrom-welcomes-much-needed-changes-to-romania-s-offshore-gas-law) + +Based on the article, there have been legislative changes that are finally allowing this - a pivot happening due to the Russian situation. + +With a P/E of 7, P/B of 1 and (I think) low debt, is this a safe investment ? Let's say it like this - could this be a value trap in some way ? +Hi I have decided to invest in ETFs and forget about the stock market, as I don’t have the time and talent to become a value stockpicker. + +But that’s the question: should I start dollar-cost averaging VOO at the current lofty prices? The index is at around 40 PE which falls short of what I call justified. Is it better to divide up my money into 60 instalments, and start investing every month? or should I wait for a minor correction in the market before buying the first VOO? + +Thanks. +I've been trying to apply value investing principles and the wisdom of about a handful of different authors and investors. I've looked through the screeners, with the multiples that satisfy value requirements, and I've reached the end of the list. I've disqualified the vast majority of the stocks I've come across due to either lack of margin of safety, being overvalued, lacking other qualities of a good company, outside of my circle of competence, and so on. + +I have capital just sitting around right now, only about half deployed. Have you guys ever run into such a situation? What did you do? +I have always followed the saying "Time in the market is better than timing the market" and invested my money as soon as I earned it, every single month, holding basically no cash (for investing, that is). + +However, Berkshire has been holding a ton of cash, just like they did in the dotcom bubble. Also, inflation seens to be getting out of control, and the Fed may need to be more hawkish. + +Considering all that, I am thinking about finally starting holding some cash, in case value opportunities appear. + +Lastly, I know people have been calling a crash since 2013 or so, but back then there was not nearly as much inflation as today, and the Fed was very dovish, which seens to be changing. + +Thank you in advance +Like the MACD, Frog and Flag, we've seen these sort of tweets have some relation to the stock movements. + + +I've been watching the upper resistance line from Jan 28th @ 483 and Mar 10th @ 348.50 + + +[Upper resistance lines](https://preview.redd.it/bdxvee9y36w61.png?width=1231&format=png&auto=webp&s=1d67bb8484dec382903a105268c4f1f18a86ff4c) + +We were hitting 180 walls the day before, which were right around where this line was crossing at the time. As I was following it today, I see at 18:34 (GMT) (13:34 EST) that we crossed that line when we passed $174. + + +[Crossing the upper resistance](https://preview.redd.it/7ijlqdrd46w61.png?width=527&format=png&auto=webp&s=2a218722c649f38bfb466c1adf3b9b5bbd75bc52) + +We see the tweet come in 1 minute later which I believe is where we **popped** out. + + +[Cohens hankey tweet](https://preview.redd.it/uxbgx18o46w61.png?width=593&format=png&auto=webp&s=2bf855a09884f262773ed91f9ebfb9cd0f00726a) + +Not sure what exactly Mr Hankey has to do with this moment, but my searching for a hint for some kind of reference led me all over the place. One interesting thing I learnt was the term 'Poop and Scoop' which is the opposite of a pump and dump. Felt it applies quite nicely to what we have seen in the media the last few months, where their intention was never to buy in later but it seems they will be forced to, which in turn causes us to reap the profit. + +In a way, it feels apt that the poop part of this strategy is going to bring us the profits. + + +[Investopedia - Poop and Scoop](https://www.investopedia.com/terms/p/poopandscoop.asp) + +" *Poop and scoop” is a deliberate strategy to try to move the market price of a security by releasing or promoting false, negative information about a company or an asset. The participants in the “poop and scoop” intend to buy the targeted security at a discount, knowing that the temporarily depressed market price does not reflect the security’s true value and the price will once the rest of the market discovers this. They can then sell the security at a profit later.* " +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! + +A Taproot activation mechanism called "[Speedy Trial](https://bitcoinmagazine.com/technical/speedy-trial-merged-into-bitcoin-core)" has just started on the 1st of May. Its goal is to give miners an opportunity to coordinate a quick activation of the Taproot update. + +The gist of it is: miners are given a three months time period to signal for Taproot activation. Within those three months, there are six sub-phases (each consists of 2016 blocks, aka ~2 weeks). As soon as there are 90% of blocks signalling for Taproot within *any of those six sub-phases*, Taproot activation will be locked in. The actual new protocol rules will then be enforced starting from block height 709,632, which is expected to be mined in November. + +We are currently in the ~~first~~ ~~second~~ third of those six sub-phases, and Taproot activation will ~~not~~ happen in this one! ~~as miners need time to upgrade their equipment (this is expected, as the software update with Taproot activation mechanism was only [released a few days ago](https://bitcoinmagazine.com/technical/bitcoin-core-0-21-1-taproot-code-out)).~~ But already now (as of 22th of May) there is roughly ~95% of mining power that has updated and started signalling for Taproot in at least some of their blocks. Keep in mind that 90% of blocks within one difficulty adjustment period (we're currently in the second of six of those periods) need to be signalling. This likely will be achieved when the signalling pools switch from signalling in some of their blocks to signalling permanently. + +#A new lock in period started on the 29th of May (ending on 12th/13th June) and it looks like we'll get Taproot locked in this period! Basically every pool is signalling right now (~99% of hash power), except unidentified miners. + +You can watch the currently signalling blocks/mining pools here (stand: 28th May): + +https://taproot.watch + +Currently signalling for Taproot: + +* SlushPool (~3% mining power) +* AntPool (~18%) +* F2Pool (~18%) +* ViaBTC (~11%, signalling in some of their blocks) +* Huobi (~7%, signalling in some of their blocks) +* 1THash (~5%, signalling in some of their blocks) +* Foundry (~4%) +* Poolin (~12%) +* BTC.com (~9%, signalling in some of their blocks) +* SBI Crypto (~1%) +* EMCDPool (~0.8%, signalling in some of their blocks) +* Binance (~6%) +* BTC.top (~4%, signalling in some of their blocks) +* TMSPool (~0.4%, signalling in some of their blocks) +* OKExPool (~1%, signalling in some of their blocks) +* WAYI:CN (~0.4%, signalling in some of ther blocks) +* SpiderPool (~0.2%) +* Sigmapool (~0.17%) + +Keep in mind, actual hashrate is always unknown and numbers above are an estimation only, based on observations of the recent blocks, which is always subject to variance. + + +#What is Taproot? + +> Summary +> +> * If you are a singlesig HODL-only Bitcoin user, Taproot will not affect you positively or negatively. Importantly: Taproot does no harm! +> +> * If you use or intend to use multisig, Taproot will be a positive for you. +> +> * If you transact onchain regularly using typical P2PKH/P2WPKH addresses, you get a minor reduction in feerates since multisig users will likely switch to Taproot to get smaller tx sizes, freeing up blockspace for yours. +> +> * If you are using multiparticipant setups for special systems of trade, Taproot will be a positive for you. +> Remember: Lightning channels are multipartiicpiant setups for special systems of lightning-fast offchain trades! + +Source: [Taproot - Why Activate](https://old.reddit.com/r/Bitcoin/comments/hrlpnc/technical_taproot_why_activate/) + + +Further reading: + +* [Explain Like I’m Not a Developer: Taproot Privacy](https://braiins.com/blog/explain-like-im-not-a-developer-taproot-privacy) + +* [Taproot Is Coming: What It Is And How Will It Benefit Bitcoin](https://bitcoinmagazine.com/technical/taproot-coming-what-it-and-how-it-will-benefit-bitcoin) + +* Podcast: [Discussing Taproot Activation Through Speedy Trial](https://bitcoinmagazine.com/technical/discussing-taproot-activation-through-speedy-trial) (Aaron v Wirdum and Sjors Provoost) + +#FAQ: + +> **ELI5 this please?** + +There is an update to bitcoin's code, called Taproot. It is good for privacy and efficiency of some important usecases. The update itself (the code) is ready, now it needs to be activated on the network. The developers/users gave the miners three months time to coordinate this activation (the coordination through miners makes it a bit easier, if everyone cooperates). + +That three months time window started on the 1st of May, and this current thread is keeping track of the current activation status. Now we have to wait and see how cooperative the miners will be (most likely they will, but it's not a guarantee). + +> **If 90% is not reached by August, what then? Is Taproot dead?** + +No, if miners are not cooperating, then another activation mechanism will be attempted (probably something similar to UASF in 2017), where full node maintainers simply say "from blockheight x Taproot will be enforced and non-compliant blocks will be rejected", or something similar. The "speedy trial" mechanism was just the least contentious/the fastest one. If it doesn't work, we move on to another mechanism. + +> **If you are running a node - do you need to take any action now?** + +You don't *need* to, but you could upgrade your client to 0.21.1, which has Taproot activation code included: https://bitcoincore.org/en/2021/05/01/release-0.21.1/ + +Taproot is a soft fork, which means it is backwards compatible. Non-updated nodes will be able to stay on the network (and upgrade at their leisure at some point or not), but they won't be able to "understand" what Taproot is (afaik they'll see Taproot transactions as "anyone can spend" transactions, which are still fully valid by the bitcoin rules). + +> **Will Taproot/Schnorr be helpful for singlesig transactions with multiple inputs/outputs (f.ex coinjoins)?** + +No, at least not for now (although any user benefits slightly from reduced fee pressure overall). For those something called "cross-input signature aggregation" is needed. Excellent deep dive: [Taproot, CoinJoins, and Cross-Input Signature Aggregation](https://old.reddit.com/r/Bitcoin/comments/ibcnsv/taproot_coinjoins_and_crossinput_signature/) + +> **How can I check on my own full node how many peers with Taproot compatible nodes are connected to me?** + +This command will show you your peers' client version: `bitcoin-cli getpeerinfo | grep '.subver' | sort -nk2r | uniq -c` + +> **How can I check on my own full node how many blocks are signalling Taproot in the current activation period?** + +The following command line prints the number of blocks in the current retarget period, the number of those blocks which have signaled, and whether it’s possible for taproot to activate in this period (assuming there’s no reorg): + +bitcoin-cli getblockchaininfo \ +| jq '.softforks.taproot.bip9.statistics | .elapsed,.count,.possible' + ([Source](https://bitcoinops.org/en/newsletters/2021/05/05/)) + + + + +*Additions (more helpful links, questions, improvements etc) welcome! Please post them in comments :)* +I knew it existed but never looked at it. I had known this guy who used to say he makes crazy profits from quick trading in pocketoptions. He used to tell me that he makes $300 a day from $30. So, I decided to to check what he was doing yesterday. He deposited $100 , placed 4 $20 trades then the rest and lost it all. He then loaded $100 again.went to $150 then back to $8. He gambled that back to $34 and I really felt bad for even asking him to let me see how he trades. The guy was just checking the candlesticks and predicting high or low with 30secs time frame. This really felt like gambling. +What do you thinking of this quick trading? +Last week two friends of mine, asked me for advice since they wanted to start investing. Today my GF just told me she had been thinking of investing some money. + +They all know I've been an investor for a long time, but I swear we have never discussed investing or anything related to the stock market before. + +By the way, you can imagine how this conversations went: "I've heard that it's a good time to invest", "I just read that Netflix and Zoom are benefiting from the pandemic", " what about companies investigating a vaccine, they will become rich", "a friend of my friend is an investor in Tesla and had make thousands of Euros", "how can I buy stocks, do I use my bank account"... + +Don't you think maybe it is time to think about what Joe Kennedy said just before the stock market crash in 1929: "You know it's time to sell when shoeshine boys give you stock tips. This bull market is over.”  + +Edit: I just typed "how to invest in stocks" in Google Trends and I was amazed at the graph, it seems like searches are rising exponentially! +So, most of this sub, r/personalfinance, and reddit in general will tell you to passively invest by buying Vanguard index funds and letting them sit for 40 years so you can have a few hundred thousand for when you retire. + +That's fine and all, and I do that too, but I want to know how many of y'all do this every day as your bread and butter. How many of you guys have a significant amount of capital (at least 100,000) that you actively manage. How many of y'all buy and sell individual stocks? How many of you guys perform fundamental analysis and use statistics tools to help you buy and sell? + +How did those of you who do this for a living get to that point? Do you work for a bank, or do you do all of your trading at home? How did you get into it? How old are you? Did you go to school for it? + +This post is purely for curiosity sake and to get an idea of the makeup of this sub. +A bit of context, for a relative. They are financially struggling, working part time job and finding it hard to make rent without any backup savings. + +I can see they need help and am willing to loan some money. However, IMO they are sqaundering money away with useless stuff because it's cheap or discounted, pointless Chrio and Osteo quackery and luxurious they can't afford. + +I honestly what them to be financially stable and not have this constant stress of money over their head. +I found out I’m 9 weeks pregnant (unexpectedly) and I’m scrambling to get things in order. As a FIRE minded person, saying I’m calculated and careful with my finances is an understatement. Now I’ve got random medical bills flying at me but there doesn’t seem to be much of a choice—I just do what the office tells me (in the last two weeks alone, two ultrasounds, bloodwork, nurse consult, OB consult, rx for progesterone, and in one week—the NIPT genetic testing that insurance doesn’t cover). I have a PPO so I’m terrified of the bills I’ll get hit with. + +To complicate it I am in between jobs and will go 2 months with no insurance so I’m debating between my options. EDIT. My options are COBRA, or purchased PPO through covered CA. + +This is all just so overwhelming for a first time unexpected parent, and no prior health issues so the medical/insurance system is just as confusing. What is necessary? What isn’t? + +And for context, I am 38F and my partner and I make approx 180k combined in a HCOL area. We both make a modest nonprofit income but are mid/senior level in our careers. No debt. About $300k NW, 40% is in cash for house purchase costs. We rent a very modest 900 sq foot one bedroom apt and was planning on house shopping this year. Avg home prices in our ballpark in this city is $650k, so we both need to continue working. Just laid awake all night with anxiety about how we will pay childcare bills 🤦🏻‍♀️ + +I know most Americans do fine with our stats but us FIRE folks are not most Americans. One reason I’ve put off seriously trying for a baby is because I don’t feel like we’re financially stable enough. But fate stepped in. + +Little help from all you parents? Pls tell me there’s light at the end of this tunnel +Alright, listen up faggots. It’s come to my attention recently that some of you don’t know jack shit about options. If I wasn’t already terminally autistic, some of the comments I’ve read in the sub might have made me go full retard. + +With that said, my friend Jack Daniels and I have taken it upon ourselves to get you motherfuckers #LEARNT on some god damn options. While I have little faith that most of you will truly understand the intimate innerworkings and dynamics of derivatives, I have no doubt that a large majority of you will take one or two small pieces of information away from this. The goal here is to get you to the point where you can start overestimating your abilities again, like a good boy should, instead of blind dick swinging, like most of you are currently doing. + +*Disclaimer: I’m going to skip all the boring, possibly foundationally necessary academics behind where the Greeks come from (inb4 Greece), Black, Scholes, and Merton’s research, Ito’s Lemma, and all that jazz. If you want to look it up on your own time, read a fucking book. Hull’s book on derivatives is basically like the bible for this shit.* + +*Credibility: I’m a financial analyst in the risk department of a large insurance company, and work with our hedging portfolio on a daily basis. I also have a Bloomberg terminal that I like to aggressively use so that everyone thinks I know what I’m doing.* + + +--- + + +#Background +There are only 4 Greeks that you really need to know to trade equity options: + +1. Delta +2. Gamma +3. Theta +4. Vega + +If you have at least a modest understanding of these, you’ll be on your way to sweet, sweet tendies in no time. Now onto the gREEEE^EEEEEE^EEks + + +--- + + +##Delta + +Delta is the grand-daddy of them all. The Hugh Heffner of the Greeks. Most of you probably are familiar with delta, because it’s the easiest one. Easier than your sister, which is really saying something. +**Delta represents the relative increase in the price of an option, given an increase in the price of the underlying.** When you buy or sell an option, the price change doesn’t exactly mirror the stock 1:1. Options expire at some point in the future. Stocks don’t expire. + +The implication here is that an option is only valuable if you can exercise it for a profit. Logically, this means that deep ITM options will have a delta pretty close to +/-1 (depending on whether it’s a call or a put), while deep OTM options will have a delta pretty close to 0 (or 100/0, whatever convention you use, the only difference is where the decimal is). **Note:** Option deltas range from -1 to 1 (or -100 to 100 deltas). Calls have positive delta (0 to 1) while Puts have negative delta (-1 to 0). + +If you’re seeing deltas on your trading platform that are not in this range, you’re probably seeing Dollar Delta, which is just: + +Delta x Notional Shares (usually 100 per lot) x Price of Underlying + +**Autist’s interpretation:** The easiest way to wrap your autistic brains around this is to think of delta as *roughly* the probability of the underlying stock price going beyond your strike at expiration. For example, an ATM call has around 50 deltas. That means you can intuitively view it as having a 50/50 chance of expiring in the money. An increase in the stock price would give you even greater chances, hence the delta of a slightly ITM call is a little over 50, and deep ITM calls are close to 100 deltas. An ATM Put has roughly -50 deltas. This doesn’t mean a -50% chance of expiring ITM you fucking idiot, it just means that your option value is negatively correlated to price increases. + + +--- + + + +##Gamma + +Gamma is the least-hyped Greek out of all of them, but definitely one that could cause your portfolio to turn into a shitshow while you’re not paying attention. **Gamma represents the change in Delta, given a change in the underlying price.** + +Gamma is the 2nd order mathematical derivative of price. It tells you how fast your delta will change when price moves happen. Just like speed and acceleration. The second one tells you the rate of change of the first. It can also be interpreted as a measure of convexity, telling you how flat or round something is. Like your flat-chested girlfriend has almost no titty gamma, while Kate Upton titties got gamma for days. Gamma is always positive, and is always largest ATM. + +**Autist’s interpretation:** Think of gamma as the big swing when options go from being OTM to ITM or vice versa. So the next time you see that piece of shit stock hitting all time highs, think to yourself “Holy shit, this dumpster fire might actually moon, better YOLO on some calls real quick”, then it drops by $0.05 and your calls drop 50%, blame it on the gamma. + + +--- + + + +##Theta + +Theta is the turtle of the greeks. Doesn’t move too fast, doesn’t do too much when you poke it with a stick, boring as fuck. But this is where the time value of options comes from, so it’s important that you know what it is. **Theta is the change in option price, given a 1 day change in time**. + +Short option positions have positive theta. Long options positions have negative theta. This means that the marketable value of the option decays each day it comes closer to the expiration date. Less time to expiry = less time to moon, which means people will pay less for it. This is essentially how options selling strategies make their profits. They bet that the price won’t move that much, and most of the time, they’re actually right, because dumb cucks like you are willing to pay those prices. + +Like gamma, theta is also the largest when an option is ATM. As time passes, theta becomes larger and larger. The implication here being that the last week of an option’s life, theta will be exponentially larger. + +**Autist’s interpretation:** Think of theta as the shot clock. It keeps ticking away, no matter if the game is exciting or boring. If it’s a really close game (i.e. the option is ATM), then the shot clock is pretty much the make or break thing for you. If the game is a blowout (option is OTM) then it doesn’t really matter that much. When it comes down to the final minute, and it’s make-it-or-break-it for your shitty, shitty, poorly thought out March Madness bracket selections, you’re literally ripping your hair out because you’re on the emotions express, screaming “WHAT THE FUCK WAS THAT, REF? ARE YOU FUCKING BLIND?” and then cry and piss yourself in the corner. That’s the only time theta really matters. + + +--- + + +##Vega + +Possibly one of the most misunderstood Greeks, and 105% of the reason behind why RH faggots try to get their trades reversed. **Vega is the change in price of an option for a 1pt increase in the implied volatility of the underlying**. + +Now, some of you faggots may know what implied volatility (IV) is, others think you do. No one actually does, because it’s a fucking made up concept in order to get the math to work. The short bus explanation is that implied volatility tells you how much people buying and selling options think that the underlying price has the potential to move in either direction before expiration. + +I’m not going to go into how it’s backed out of the Black-Scholes pricing model, or how implied volatility actually represents an estimated annualized 1 standard deviation (68.27%) interval assuming a gaussian distribution of continuous time price movements (specifically addressed to all of you elitist NERDS out there, cash me in the comments, howbow dah?). + +Implied volatility is the only unobservable and incalculable input to an option’s price. It’s literally made up. Historically, it hangs out somewhere between 5-10% above historical realized volatility, but when or why it jumps or drops is purely based on the dumb cucks who are trading the options. + +The important distinction here is that **Implied Volatility tells you whether an option is relatively expensive or relatively cheap. Vega does not.** Vega just tells you how sensitive an option’s price is to changes in the will of the people. + +Both calls and puts have positive vega. Intuitively, this means that when people think the market will move sharply in either direction, options increase in value, because people want protection (or phat gainz). + +**Autist’s interpretation:** Vega tells you how much you’re fucked when people lose interest in a hot meme stock after it doesn’t moon, or when people unwad their fucking panties after some good ‘ol Thursday action. + +--- + + +#In Conclusion + +Hopefully you retards made it this far without wandering off to try and hump a doorknob. If so, congratulations, I hereby award you 10 good boy points. If there’s enough interest, and I can find more whiskey, I might do a part 2 on basic options strategies and how to completely misapply them. + +𝒩𝑜𝓌 𝑔𝑜 𝑔𝑒𝓉 𝓉𝒽𝑜𝓈𝑒 𝓉𝑒𝓃𝒹𝒾𝑒𝓈, 𝓎𝑜𝓊 𝑔𝓇𝑒𝑒𝒹𝓎 𝓁𝒾𝓉𝓉𝓁𝑒 𝑔𝒶𝓎 𝒷𝑜𝓎𝓈. + + +**Edit:** Thanks for gold, assholes. Feels like being captain of the short bus for a day. +I’m 29 years old, my wife and I make $120k combined if that matters. + +But I just wanted to start a savings now for my daughter in 16 years. I would like to start a small savings for her personal finance and a vehicle. + +College will be a different discussion, but I figured why not start saving for her for a car now and little by little I hope to have close to $15-$20k saved for her to buy a nice car cash. + +I was considering just a basic savings and deposit maybe 5% of my paycheck into there biweekly + +But I didn’t know if I was leaving money on the table with a ROTH IRA I could open for her or something. +Some background info, my father and his sister co-signed an investment property together about $200k+ mortgage left at 4.25% due in 2043. Home value is 3-400kish, unsure. + +My father left this property to me but had no mortgage insurance or anything and the only mention of the property is in his will stating that he intends to leave it to me. My aunt co-signed the mortgage with him and payments have not been made the past few months. + +My name is not on the deed or mortgage and my aunt is texting me telling me I need to pay the loan because my father left the house to me. To make the loan current I need to pay 10k and ~1.5k a month thereafter. Myself and the home are both located in CA. I’ve just graduated college and am looking for a job now during covid. It’s really depressing graduating with student debt and now realizing that even if I can pay that off, I’ll be in debt for another 20 years with this mortgage. + +Open to any solutions, preferably one that does not require my aunt or my mom to help as they are both older and cannot work. Thank you all for any suggestions and help +I started a new job recently and I will have access to an HSA once the new insurance period rolls around. Prior to this, I have been contributing to 401k to get company match and maxing two Roth IRAs (mine and my wife's). Out of what's left, I contribute a few additional percentage points to my 401k and the rest to an individual (taxable) account where I pick individual stocks. I know this is not ideal from a tax savings perspective, but I have done quite well and I consider it a hobby at this point. Now that an HSA is thrown into the mix, I'm not really sure where to fit it in all of this. I would greatly appreciate any advice! + +Edit: I have just submitted the forms to HR to up my contribution to max. Thank you everyone! +Hell Reddit. + +I cruise Reddit often and have absorbed a lot of good information from it so I wanted to reach out and get input on my situation. + +About me: +54 years old, +Married, +3 kids early 20's employed or on their way, +$5M invested, +zero debt, +income outside my investments is around $300k + +So I have been thinking about how to constructively grow and use the hard earned money my wife and I have been able to compile. I am currently invested with a long term horizon and try to keep my hands off gains and dividends so they can grow over time using the power of compound interest. + +I am thinking I might want to establish a very long term horizon where the investment basically just keeps going after I die, and my kids and their families get the benefit from it down the road. My vision is an investment structure that goes on for decades (and maybe generations) and provides payouts along the way for things like grand-kids education and maybe even regular annual payouts like dividends but with the goal that the fund would continue to grow forever, providing benefits to future family members. + +The conventional wisdom is not to over-control your estate assets or how it is used by your heirs. I understand that but I also think there could be a way to keep it pretty simple and still give a lot of unencumbered benefit to family members and allow the asset to continue to grow. + +I would appreciate any thoughts, input or ideas you have. + +Thanks in advance. + +I used to live in a shelter in Toronto. Met a lot of people and we were all broke. Broke people can be friends.. but when I started getting my life together and saving money, I told only some of my friends how much I had. I don't know if they told other people out of jealousy or what but people I barely knew came out the woodwork asking to borrow money. They and even my friends gave me the cold shoulder when I refused. + +I guarantee you it will be the same if you have a substantial amount of money. People get jealous and start acting entitled to your money because they have less.. and that's not ok. Don't let ANYONE make you feel bad or guilty if you don't want to share.. truth is, they have the same opportunities as any of us here and they don't take them. + +You are the ones who wake up everyday, earn your money and learn how to invest it. You don't owe anyone! +Even your own family can turn on you.. matter of fact, I'm 35 and I have found family to be the least dependable and the ones who will stab you in the back the most (Not going to apply to everyone obviously) + +Stay safe and focused my people! +NSFW for language only. Sorry if you wanted tits, cock, or balls. Maybe another time. OG ape here. Been investing/trading stocks, options, krypto, and the sorts for at least 6 years now so by no means an old head but I think I probably have some experience on a decent amount of the new guys that this whole ordeal has introduced to the markets. + +&#x200B; + +I wanted to hop in and say I don't give a fucking shit. FUD all you want. Say whatever you want. I don't fucking care anymore. Am I going to buy more whenever I can? Absolutely. Am I going to hold all of these shares til we're all rich as fuck? No shit. + +&#x200B; + +The company is turning around and it's going to be incredible. It already is unless you're some dumb fuck that is either ignoring the fucking info, being paid to pretend to be pissed, or paper handed like a portnoy bitch who is actually pissed off. + +&#x200B; + +You want to DRS your shares? Do it. Don't want to DRS your shares? Ok then. DRS might ignite MOASS and it might not but it feels like people are missing the point here. If the entire company is DRS'd, it publicly shows what all the DD has been saying. That should launch us but we've seen the fuckery and who knows what billions or trillions can do for the people who are poised to be erased of the face of the earth. Fuck em all. It's going to be great to watch them burn. + +&#x200B; + +But my point is that who fucking cares. I'm in this to win it which is weird since everyone with half a brain cell knows we already did. This is inevitable which is why I don't care anymore. I hardly watch the ticker cause it doesn't matter until it does. + +&#x200B; + +I'm sure a lot of you are in tough spots and I'm excited for your lives to change. I'm doing ok and I'm still excited for mine to change but for the moment, I don't fucking care. Look for the good DD. Read back through the OG stuff. Learn what you can while you're here but keep the bullshit as far away as possible. It's meant to scare you and there is no reason to be scared. + +&#x200B; + +Everything is going to be fine so take a step back and make sure you do what you need to for yourself, your family, and your friends to be healthy, happy, and safe until this plays out like we all know it will. + +Much love. + +\--Cryonyx +pretty much what the title says. Is there a way to introduce such a rule? At this point it should be clear to EVERY APE that we‘re not here to post our gains/losses nor positions, so the only ones who will want to really spread FUD will be the shills posting their sell orders so that we‘re going to panic sell. + +BUY. HODL. (Vote for the next meeting i guess?) 💎🚀 +I am sick of all my food being frozen or canned due to expense. I just want to eat tons of fresh veggies and fruit but I feel like I can't afford it. I already buy the cheapest, seasonal stuff I can get. I'm not at the point I need to go to a food pantry; just want some tips to how to make eating fresh food more affordable. +*I saw this theory gaining traction again yesterday, so I wanted to repost a DD I created for another sub, before I met the reqs for SS. Enjoy!* + + +Apologies in advance my gentle apes, I have never made a DD post or even a text post, as I am quite smooth and try to play my position as a full time lurker, part time shitposter. I'm so smooth, I can't even figure out how to embed images in a text post, so instead I will simply be using copypasta with appropriate links included. + +So to start off, I am what you would consider a retard. Before finding GME on Reddit I knew next to nothing about the stonk market and its fuckery. I also know next to nothing about blockchain, crypto, NFTs, etc. My first wrinkles have started to form after spending countless hours smiling and nodding at shit I didn't understand on the various stonk subs. It has taken me months to grow the diamond balls to believe that I could be a part of something so incredible and life-changing as the ape community and our holy MOASS. I'm a nurse by trade and suffice it to say that the past two years have been terrible, but you apes have really given me the infusion of hope and positivity I needed. What makes the apes revolution so special is that it is not purely motivated by personal gain. *MOASS is achieved through individuals collectively deciding that the people are more powerful than the 1%, and we're not going to keep fighting over their scraps, because we're taking back what belonged to us all along.* Which brings us to Wu Tang and GME. + +According to the latest tin foil theories, Ryan Cohen may have either purchased or facilitated the purchase of the unique mint of Once Upon A Time In Shaolin, the infamous LP once owned by Martin Shkreli and subsequently by the federal government. The group that officially purchased the album is an NFT collective called PleasrDAO that has potentially been connected to GME in a few different ways. Whether or not you believe the man in the black hoodie is Daddy Cohen, what is undeniable is at about the 2:00 mark of [this clip](https://youtu.be/yQA5iBOfwog) from a Bloomberg interview with PPLPLEASR, a member of PleasrDAO. Holy tits Batman! As we dig away in the DRS mines trying to find the world's biggest diamond, could this be the NFT TNT catalyst that could blow this fucker open?? But it wasn't until I went to the PleasrDAO website and read their description of the Once Upon A Time In Shaolin saga that I truly became a believer. + +“We’re about to put out a piece of art like nobody else has done in the history of music…This is like someone having the scepter of an Egyptian king.” This is what RZA said about OUATIS back in 2015. The financial and spiritual leader of the Wu, RZA was smart enough to know that he was making something unique, but even he could not have predicted the impact of his creation. + +From the PleasrDAO site: + +"Philosophically, Wu-Tang Clan is the OG DAO: a collective formed to reach beyond the limits of any single individual; collaborative in nature to fulfill a higher purpose, yet allowing each individual member sovereign freedom to act on their own accord." 🦍 + +"The Wu-Tang clan’s protest against middleman overlords was prescient of the problems to come with the Web 2.0 streaming era, an industry that profits by standing between artist and fan, siphoning off profits and leaving creatives hanging out to dry, heart and souls stolen from the page. Decentralization and Web 3.0, at its core, addresses this head on." 🦍 + +And finally: +"We believe the next chapter in the incredible story of this album should be Web 3.0 native. Although we are bound by the legal agreement underpinning this work of art and may not be able to duplicate and share the music digitally, we firmly believe there are ways to share this musical masterpiece with the world." 🦍🚀🌝 +Boom. That tells you everything you need to know right there. This was not bought as an investment to resell, it was bought to redistribute as a fractional NFT. So we'll officially have a soundtrack that literally only apes can blast during MOASS! + +[https://pleasr.mirror.xyz/PTzSIYe6LbNW55i_Jo4S_fgqIiDp3d7YblpikQ1iRks](https://pleasr.mirror.xyz/PTzSIYe6LbNW55i_Jo4S_fgqIiDp3d7YblpikQ1iRks) + +Through my own ignorance I had never understood the value of NFT, but it all finally clicked for me. A piece of music floating around the internet is like a synthetic share. The artist is like the company that issues an IPO in the hopes of making a profit, but their product is bootlegged and diluted, so middle men like brokers and record labels end up siphoning off value until the product becomes worthless. An NFT is like a DRS share, there can only be one! + +TL;DR: fractional ownership of Once Upon A Time In Shaolin could be our NFT catalyst to spark the MOASS +My mother passed away. Can anyone guess what the bank did? Did they work with us to help us get the estate settled? No, they took this as their last opportunity to rip her checking account for as many overdraft fees as they could while refusing to let us get the account closed. My mother was living month to month on a very small pension and disability checks. Her checking account was set to auto pay her monthly bills (mortgage, heating oil, water, electricity, internet / cable, ect.). When the income stopped, I went right to the bank and asked them to freeze the checking account and stop the bill auto-payments. The bank manager told me that they could not because I was not the executor of the estate. My aunt was the executor so she would have to contact the bank to get that taken care of (My aunt was the only person listed on the will because my mother’s will was the one that the Navy had her make before her first deployment.. which was years before I was born.) So, my aunt called the bank right away and asked for the checking account to be frozen and we would have the bills set to come in the mail to us. The bank manager said “of course” they would take care of that right away. Two weeks later.. they didn’t do anything at all and the account was in the red with over $600 of overdraft fees. That bank manager straight up lied to us saying that the account would be closed when my aunt asked. We went to the bank again to clear up their mistake and they told us that there was no mistake, and we need to settle the account right away. F\*\^\* BANKS! I can’t wait until all banks are forgotten rubble of the past. I hope that our Cryptocurrency community grows and grows, and our freedom lights up the blockchains dooming those corrupt institutions into obscurity. I am going all in on Crypto and I cannot wait until the day comes when I won’t have to step foot in, drive past, or even look at another bank ever again. And I will say it one more time. F\^\*\~ BANKS! +I’m not trying to be another negative post on here, but I would be curious to know what examples there are of crypto being an improvement to anything currently that we use in the real world? + +A huge pillar and reason I started investing around a year ago and at major pace was it changing the way we bank/finance. We now see how broken that’s been… + +Seems like one land mine after the next. + +It’s been said over and over, crypto seems to only solve crypto problems. + +Would love to hear your thoughts. +We should not consider the institutional ownership as a locked portion of the float. They will sell when it behooves them and I guarantee those shares will be used against us. I would much rather see our progress measured assuming that portion also needs to be DRS’d, instead of being hoodwinked into thinking we are almost there and then tens of millions of more shares have to be locked when they sell. +We should not consider the institutional ownership as a locked portion of the float. They will sell when it behooves them and I guarantee those shares will be used against us. I would much rather see our progress measured assuming that portion also needs to be DRS’d, instead of being hoodwinked into thinking we are almost there and then tens of millions of more shares have to be locked when they sell. +TLDR: What tips and tricks do you use to assure yourself about neighbours and neighborhood before you buy a house + +Looking to buy soon and I have this decision paralysis about getting bad neighbours (semi detached) or being in a rough area. + +Part of what's making it tougher is +- About 10 mins viewing +- Estate agents rather than sellers so lots 'not sure' when asking questions and not getting body language cues +- Don't know the area very well (Trafford) +- And the biggest worry about making the wrong decision is the speed at which houses are sold, my estimate is 4-9 days after they're on Rightmove + +I know with all the due diligence in the world, things could still go wrong but I need to assure myself that I've at least done what I can and the rest is up to the gods. + +I did nothing for our first terrace house and both neighbours were wonderful OAPs who were very quiet and tolerant of our young kids, doubt I'll be that lucky again. + +Any advice much appreciated +There has been a lot of posts that are pretty much ads for a platform or a service disguised as a strategy. Just yesterday a guy posted about a very successful options strategy that "required" an options pricing platform that costs $300. He posted one trade that made him $3,400 to sell you the platform and get you to think its worth it. + +&#x200B; + +Realistically, if you made a very successful strategy that made you a lot of money, would you post it to millions of people knowing it will affect its profitability? Of course not, you'd keep it to yourself and get rich off of it. So be wary of anyone posting a strat that seems too good to be true. +There has been a lot of posts that are pretty much ads for a platform or a service disguised as a strategy. Just yesterday a guy posted about a very successful options strategy that "required" an options pricing platform that costs $300. He posted one trade that made him $3,400 to sell you the platform and get you to think its worth it. + +&#x200B; + +Realistically, if you made a very successful strategy that made you a lot of money, would you post it to millions of people knowing it will affect its profitability? Of course not, you'd keep it to yourself and get rich off of it. So be wary of anyone posting a strat that seems too good to be true. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +This question is a bit more anecdotal/philosophical than advice-seeking, but as a number of people that post here are often new to investing, I thought it was worth asking some of you that have been around the block for your insight. + +Since I have only been attentive to this world of financial literacy for the last few years, I have largely experienced nothing but this most recent period of prosperity. As capitalism involves both boom and bust, it is an acknowledged risk that there will, at some time in our lives, be a pullback in the economy (knock on desk). + + +For those that lived through that in the past, what is it like? What is important to remember? What were your experiences worth sharing? + + +**Edit: Thank you to everyone who responded. I've been sitting on this post for a while.** +I seem to be having trouble resisting the urge to jump in on a trade the moment a half-assed signal appears (pretty troublesome especially if you're a scalper trading on lower time frames). + +What are some questions or checklists you ask yourself before entering a trade? +In fact, I hate this stock. I'm surprised people don't take this as an opportunity to do something good with money. This company is pure evil. And aholes are buying into it because it has what, a discount from the last year? Lame. Compared to 2yrs it's still up. + +&#x200B; + +[Shitty FB stock](https://preview.redd.it/upj1l9ba2og81.png?width=1597&format=png&auto=webp&s=ecb24ea9844633a4d2de098d8b8a91c93cacb055) + +So, people say the RSI is oversold. Haha! Sure it is. It can be more oversold for sure. Just realize this, it has never had this low of an RSI since it first IPO'ed. Think about that. Money flow is leaving this sinking ship. Some idiots are buying in, but we all know that the metaverse is a terrible idea. It's not even original and it would be super lame to do it on $FB + +That company has caused so much harm and turned families against each other. I really really hate this stock. If you know how to buy options, then you know what to do. If you are holding, get the hell off this Titanic shit pile. + +Speaking of their marketing, it's terrible for so many reasons and I'm sure many can answer to that. I hate using it. +**TL;DR: I suppose that the ongoing coordinated attack against GME sets the condition for renewing 2-years swaps from the Sneeze in acceptable terms for the hedgies (or to be able to roll them at all), and to appease swap counterparties (banks). We may experience huge discounts in the very near future.** + +What we are witnessing now is an all-out attack against our beloved stock - the most obvious clue is the coordinated DRS manipulation attempt, complete with the price hammered down on no news. But why, and why now ? + +Since the DRS manipulation was kind of rushed (a slow, steady decline wold have been much more credible), I think the hedgies have a deadline to meet soon. Here is my theory : they are setting the conditions to renew their 2-years swaps from early 2021. + +The goal of the swaps is, presumably, to hide the short interest in GME - the short position appears in the books of the counterparty of the swap, against a fee paid by the hedgie. Moreover, as far as I understand, the hedgies still assume the risk of their short position, because they must pay back to the counterparty at due date whatever loss the position incurred, but if the hedgies default, the counterparty is left holding the bag. + +Since the 2-years swaps must be rolled soon, they must make them acceptable for the counterparty (nobody wants to be on the losing end of the MOASS-swap) and not too expensive for themselves. Hence : + +* pretend the situation is firmly under control : manipulation of DRS numbers to make the impression that apes are selling, press articles about "retail capitulating" and Citadel making a "stellar year"... +* hammer down the price of GME as hard as possible, so that the swap is not losing too much money at maturity. + +The short term goal is to let the charade continue by hiding the short interest, the long term goal, if push comes to shove, is to ensure that the banks are left holding the bag, like Crédit Suisse did. + +My problem is, since I don't know shit 'bout fuck, I ignore when the swaps were established and when precisely they are due - hopefully an adult with some knowledge will cast some light. But I assume that we will still see very large discounts in GME price in the near future. +Hey /r/fatfire + +Long time lurker, first time poster. Throwaway. Yada yada yada. + +My business partner and I have a problem we haven’t seen discussed a lot in this community and were hoping to gain some valuable insight from those that have gone before us. + +Backstory. We are both 28. Married (to other people) with kids, a house and investments. Neither of us is ready to FIRE yet but we’re well on the path. + +Over the past 5 years we have built a successful business that started us on >$200k and has grown year on year to the point that in the most recent year we have earned ~$1m each. + +Neither of us have enjoyed the work for at least the past 18 months and we are fully aware we’re only doing it for the money. + +We are now at a point that for various reasons it’s quite likely that last year was our peak and due to circumstances out of our control the business is likely to now decline for the next few years (unless we dramatically change the structure of the business). + +We met with a business broker this week that is confident that we could sell it for enough that we could both coast to at least chubbyfire and more than likely fatfire (assuming we retire in our mid 50s). Even if the business broker was talking up the potential price, selling for 75% of what he estimates would get us to chubby fire by retirement. + +Neither of us are ready to give up work but it seems ridiculous to walk away from what we are likely to earn in the next 4-5 years, best case scenario. + +Where we get stuck is that neither of us have any idea what we want to do next and both of us feel like our identity is tied to our business. We don’t want to feel lost, we don’t have any new business ideas and if we sold, our non compete would block us from rebuilding our business for 3-5 years. We also both don’t think we could work for someone else after spending the majority of our career so far being independent. + +So our question is, entrepreneurs who have sold their businesses (especially young) how did you find a new purpose, do you have any tips or general advice? Also more generally, any advice on getting used to not earning $200k+ each year? + +TLDR Young entrepreneurs are burnt out, have a chance at a big windfall but are scared of the unknown. + +Side note because I know someone will suggest it, I’m starting therapy in the coming weeks. +Throwaway account. I haven't been able to admit this but my finances are in shambles. + +On mobile, sorry for the wall of text. TL;DR: I have ADHD and no plans for the future. I have no self control with money. It's hard to admit this but I know nothing about money and I need help. + +~~I know a lot of people truly live in poverty because of health problems, lack of a support system, problems due to the economy or job market, and so on. I am against Capitalism and libertarianism and I am not a fan of this country. I can't stand it when people gaslight poor people. I'm afraid to admit what I'm about to admit because I know some people will have an attitude of "just quit buying coffee every morning and maybe then you can afford a house!" It is also popular in the media now to insult millenials and put a lot of blame on then for things. At the risk of adding fuel to this debate, I need to come clean.~~ Edit: I still stand by what I said, but it's not 100% relevant. + +I do have ADHD and I'm realizing that it's probably a bigger problem for me than I am aware of or want to admit. I can't focus well, I have a dozen different hobbies and interests, and I didn't do well in school. I'm smart and I can learn quickly but I also have trouble remembering things. I also suffered from depression, suicidal ideation, and PTSD for years. I was never taught how to handle finances, and when you're depressed and suicidal you don't really care about the future. You indulge in whatever you want that day, whether it be food or shopping or whatever makes you feel better. I'm not depressed anymore but I also still have no clue what to do with my future at the age of 27. (I did graduate high school in 2009 so who knows if whatever I picked would have worked out anyway.) + +I'm not here to blame the economy or my mental illnesses for my problems. I take responsibility for the bad choices I've made as an adult. I just think it's important to put it into context and provide all relevant information. I need to fully explain what I have overcome and what I still have to overcome. + +I have little to no self control with money. I've been living paycheck to paycheck for 8 years. I did go from an $8/hr job to a $12/hr job in this time. I don't make enough to pay for a mortgage or apartment, or car payment, or health insurance. Those things are out of the question. I make too much for Medicaid. My credit score is in the 500s. + +I am $27k in debt from student loans. I have a few job skills but they're in things that don't pay well and/or aren't in high demand. I've tried other fields of work and study but not much works out. I'm debating on going to trade school because I know I need to find a career and make more money. No matter how frugal I am, I can't live off of this amount of money forever. At the same time, I need to kill these bad habits and learn self control. + +Here is an example. Just this past weekend, I got paid. Immediately I went shopping. I didn't buy anything expensive, I do love thrift stores and clearance racks. But I bought clothes I didn't need. There's no predicting what I will buy so I can't just make up a rule like "no more buying clothes." I love clothes, makeup, thrift stores, art supplies, cosplay, music, going to concerts, books, all sorts of stuff. (This is where the ADHD makes everything more difficult.) I have bills to pay and I should set aside whatever money I can. I just don't have the self control. It would help if I had goals in mind to encourage me to save money. But I don't have that, either. I just can't stop myself from the indulgences that make me happy. It's a leftover habit from the depression I dealt with for so long. + +I'd like to add that my health is in jeopardy, too. I'm 80-100 lbs overweight. I have no major health problems... yet. This is because I had no self control with food, either. + +There are a few good things in this story: I have no kids, don't want them, and have a solid birth control method. So that won't be an issue. The few things I have managed to put a stop to are eating fast food and drinking soda. I haven't had those things in 2 months. I also have been keeping up with my student loan payments, even though I haven't really put a dent in them. + +I can't do this anymore. I want to be on the right track with my health and my finances by the time I'm 30. I'm not expecting to buy a house or anything like that, but I just wish I could save money. +I’m a beginner I already know the basics. But I was wondering how long it should roughly take for me to start trading real money if I spend 2 hours a day learning and practicing on a demo? Thanks +I've been studying Forex for a while now and everyday someone tells me that Forex is dying off and trading it is a losers game. I understand that trading is hard and it's not for everybody but i'm stuck in two minds, i know there has been a surge in day traders as it's so accessible nowadays and these people that are saying that day trading is dying off are the cowboys that have educated themselves for a few months and threw their savings at it. But is Forex market really not moving enough nowadays? I really want to get into Forex because iknow that its one avenue which can get myself into financial freedom but i also understand the risks and the amount of education that i need to take before even thinking of opening a live account. +Beginner here, is there anyway a 17 year old can trade and what would be the steps I would have to take to become a trader ? I'm very interested in Forex, and use the demo version of MT4 app, but it says when I try to make a real account I need a broker ? This is all new to me so any help would be greatly appreciated! +Have been using free content and online teachings for ten years and still not profitable. Recently passed my first attempt at a funding challenge but already down 2 percent in the first five months. Looking for a real expert that offers lessons and one on one opportunities as well. Anything will help really… +I know nobody gives a fuck and some of yall are gonna bash me so bad. But give me a shot. 3 days back i took a trade accidentally. I always keep my risk management step first, profit next. Never took a trade more than 0.05 in a 1000 usd account. This time i accidentslly click a trade at 0.5 lot. Later realised and saw the trade going opposite of my goal. Set my BE. Did not work out. + +Anyone here, willing to share with me or educate me on what shall i do. How do i recover myself from this silly mistake. I have invested money that i cannot afford to lose.. May God Bless You. +It seems like it’s got a learning curve to it. I have a friend that does forex trading and I told him I found baby pips. He basically told me I’m better off buying a program and have him and his group teach me. I’m just wondering what underlying intentions he may have, if he makes money or something for me signing up for the program. How many of you are self taught? +I just don't get why do people sell signals? +If they are really good signals, good enough to sell, surely these people can get by without selling it? + +Why involve so many people, do extra work? + +And why is even social trading a thing, why would you want to share your hard work or knowledge, why do you want people to copy? + +I'm with a small forex group and we share everything with each other, but I wouldn't want to share it with EVERYONE. +Also I wouldn't want people to follow my calls, I would feel a certain responsibility, even if everyone trades at their own risk. + +I guess you can move the market by having great influence. But yeah, I just don't see it. If you're an excellent trader, there's plenty of money... No need for fame, it ruins everything. + +I get being a mentor, teaching stuff to people and I'm glad that's a thing. +I just don't understand the rest... +It will be called The greatest transfer of wealth, but not just any transfer of wealth. It’s not concentrated like what happens with the lottery. It’s not inherited or skewed toward one demographic over another. One could argue that people on reddit may fit a certain “type”, but we are talking about millions of people. Not just in the US too, all over the world. It’s an absolutely beautiful random and maybe somewhat stratified sample of people that will be given insurmountable amounts of money, and you may not understand what that could mean, so let’s start with some examples. + +I am bipolar. Mental health is something that hits close to home for me. It’s something I care about and want to make a change towards. But I am just one ape out of millions. The odds of other bipolaroids being apes are pretty high given how many of us there are. And that goes for other world issues as well. Some of us are probably diabetic and have been fucked by big pharma and insulin prices. I’m sure if you were given millions of dollars you may be inclined to bring change to that certain issue you care about that hits so close to home. Many of us care about the environment, green energy, equal education, poverty, hunger, stock market transparency. The list goes on. You see, we are a perfect sample for the problems of the world that the top 1% don’t see, that they are oblivious to, that they don’t understand. That they could so easily help bring change to but don’t. The lower class, middle class, the millennials, the gen x’ers, and hopefully some Gen Z’ers in here, even some boomers. + +I’ve always had this thought experiment in my mind about how if you had 1 billion dollars to give out, how would you disperse it in order to bring about the most change in the world? If you split it up between too few people, you run the risk of someone being greedy and not helping others. If you split it between too many people, then their buying power is small and then your level of change to each person is very small. So how would you do it? Would you give 1 billion people a dollar or 1 million people 1000 dollars? Probably not, as 1000 dollars can only do so much, maybe provide rent for a month or groceries for a couple months. How bout 1000 people 1 million dollars? There’s a balance. A balance that hasn’t been in the world for too long. We are the avatar, mastering the 4 elements and bringing balance to this fucked up word ruled by the fire nation. And that is all I have to say. + +As for closing remarks, I hold for my fellow bipolar apes. For the ones that can’t afford their therapy or medication. To the 60% that have attempted suicide and the 20% that didn’t make it. Apes strong together. Diamond fucking hands. +Am broke and only have like $500 to invest Monday, but have been worried seeing everyone dump money into GME. I feel like huge investment firms like Melvin aren’t going to just sit around and lose billions. What’s their legitimate counterplay/what might should we watch out for in the coming days? + +disclaimer: not investing competent just play a lot of fighting games and am curious about the meta +Scottish Widows held on to matured endowment (in relation to their mortgage) for 5 years without telling my parents. + +My parents are going to complain. + +By SW not telling them their endowment had matured they have had to pay 5ish years of extra interest on the mortgage. Also that time SW had basically a free loan and I assume have collected interest on the amount in question. + +Would they be within their rights to seek compensation for the interest accrued on their money and the extra years of interest paid on their mortgage? + +My mum has contacted the Financial ombudsman, but they obviously won't do anything until SW give a final reason for their holding onto the cheque for the period they did. + +TIA. +I'm not involved in Celsius in any way. I had no funds nor did I particularly care about them either way. I thought perhaps some of the things they were doing may have been too good to be true, but my decision to stay away was more out of laziness than anything else. However, their presence across crypto was enormous, so I have been following their collapse over the last few weeks. + +Yet despite FTX walking away from a buyout, Three Arrows Capital filing for bankruptcy, the LUNA collapse, a massive FUD campaign with facts and false stories, they might be about to navigate an escape. + +3AC seems to be the real perpetrator here - they borrowed heavily from Genesis, Voyager, Celsius, BlockFi, Babel and Deribit. They absolutely degened their way through the bull market and exposed the risk of the lenders. + +I'm unsure where they are getting the funding from, but in the last day or two, Celsius has repaid more than $60m worth of their own Bitcoin loan. This has brought the liquidation price down to less than $5k. The liquidation price was $22k only a few weeks ago. To bring it down this much is an absolute massive effort, and I believe that is an effort worthy of respecting - even if you're not involved in Celsius like me. + +&#x200B; + +[ ](https://preview.redd.it/vsx955f0pv991.jpg?width=922&format=pjpg&auto=webp&s=486314a1b9d5ff9aacdb9678cca4546abd5387b9) + +&#x200B; + +I'm not about to start trusting them, and storing my own coins for a small APY, but if they can get out of this, I hope they will have learned their lessons for the future. +I personally find the resurgence of the Austrian school to be fascinating and slightly worrisome. My undergraduate degree is in econ, and I've read bits from Hayek, Hazlitt, and Mises, etc over the years--and never found the methodology [among other things] compatible with my own reasoning or education. + +Is Paul way off base here? Are there any Austrian adherents who feel a 'vindication' of their school of thought given our current economic climate? +Ideally in (relatively) simplified terms. Sorry, Google hasn't been much of a help for that so far, nor even Wikipedia. Also, as far as I understand, the Austrian/Chicago Schools are pretty much the same, but please correct me if I'm wrong. Thanks! +To me when i hear about politicians and common folk talking about deficit reduction, I just shake my head. Am I the only one who thinks it's nonsense to think that we have any hope of ever being in such amazing financial shape that we could start that deficit counter going backwards? And of we do even manage to reverse the flow, how long would it take to bring it to zero if it were going at the same pace that it is now except in the opposite direction? + +Just all seems like a joke to me. IMO any energy spent on deficit reduction programs by the government is ridiculous. It just seems theres absolutely no way in hell they could ever reverse it. +After 10 years I'm finally closing out my Bank of America account-- shit customer service and fees. + +They were my first bank (I was 15) so I don't have much experience with other banks or credit unions. +I'm 25 and have a secured credit card as well as a debit card with Bank of America. + +I really don't know much about finance and banking. I've had some friends recommend some local banks that I'm planning on setting up meetings with. Are there any key questions I should be asking? The only thing I'm really worried about is that when I switch banks, I won't be able to get another secured credit card, which seems to be the only way I can build credit at the moment. I'm too nervous to apply for a real credit card because I don't know what my credit score is (I've never had loans or car payments, I've always saved paid in cash for everything) and I don't want to apply, only to have my application denied and end up negatively affecting my score. I'm also nervous I would get denied because I'm currently in college right now so I'm only working 25 hours a week, but with my wages I make about as much as most people who work minimum wage full time. + + +EDIT: I found out I have a credit score of 690. I also found out I have a bunch of medical bills (almost $1500 worth) that went to collection without my knowledge dating back to 2011 because the bills went to my dads house and he was supposedly paying them. I was in the dark and I don't know what to do. I'm paying them all off today but will this effect my chances of getting another credit card? I'm straight up crying and don't know what to do. + +EDIT PT.2: waiting until Monday to handle the debt. Going to try to pay through the medical provider before contacting the collectors. + +EDIT 6/4/17: I appreciate most of this advice! I feel like I need to make it clear that I DONT want a credit union. The concept is nice but it's not conducive to my life style. I want to be able to contact the people in charge of my money and bank accounts whenever I need to and credit unions (and most small banks) close at 6pm. + +UPDATE: Called the medical providers about the bills that went to collections and they said I had to pay through the agency. Should I dispute the bills that went to collections? Or should I just pay them? If I pay them will they take them off my credit history? I don't know what to do. +Howdy friends + +Firstly, yes I’ve checked out the sidebar though I’d still like to ask the following- + +For California and fed taxes my spouse and I get hit quite hard with taxes based upon income bracket. Our accountant states that the only thing that can be done is to max out 401k contributions, otherwise we have no itemizations and can’t write off anything. + +For those of you trying to FIRE or FatFIRE in California in a similar situation , do you do anything else to recoup any of the large amount of taxes that we/you have to pay each year? +Any suggestions? + +Many thanks!! +Most of the money is acquired through entrepreneurship. How would you recommend finding and picking an accountant? I have a met a few local CPAs and most seem to be focused on tax prep for the average person. + +I'd like someone who understands people in my situation, beyond just filing the paperwork. Someone who can help me strategize tax minimization. Possibly also someone who is a lawyer so we have lawyer-client confidentiality. + +I also spoke to a partner from a mid-size accounting firm around the NYC area who was sophisticated and he quoted $650/hr. Is this the price range I should expect? Feels like a lot... + +Any tips for where to look to find the right person? + +Thanks!! +I purchased 500k of term life, and \~120k/yr of long term disability insurance about 10 years ago. My current net worth is around 20mm (all pretty liquid), and my family shouldn't have any troubles living on that money if I were to pass. On one hand it seems kind of useless to keep paying for these policies, but on the other hand my superstition figures that the day I get rid of it will be the day I get hit by a MAC truck. + +I also wonder if there isn't something to be said for buying the policies at 25, and would they be more expensive should I buy them today? Is it possible that canceling the policies is -EV? + +Is there any realistic argument for keeping these policies, or should I save the $250/mo and get rid of them? +Two days ago, I came to the disturbing realization I had been essentially reading DD, court documents, investigations, SEC filings, news reports and doing my own research for eight months straight, pretty much non-stop. For the last few months, I'd been living in a hole of information (some good, some great, some pathetically bad), meeting some awesome people and also some really shady ones who were hell bent on making me buy into their bullshit so I would spread their messages and scare other apes into paperhanding or panicking or having nervous breakdowns thinking that the world was about to end. And after a particularly shilly sequence of experiences that made me want to punch myself repeatedly in the face while binge eating a 96 pack of Crayolas, I decided to just--stop looking. Stop listening to other people and come back to where I started. Just me. Myself. And the information. + +Thus, I was back where I started. And it was awesome. I remembered my OG friends and all the fun we had learning shit and laughing and shitposting and talking about our MOASS fortunes, and I realized without a shadow of a doubt that I'd made all the right choices. Millions of years ago (also known as January), apes used to live by these mantras--do your own DD, this is a Wendy's, and we always treat each other with respect even when tossing things like $ASS and $CUM in each other's faces. And I think maybe right now we need a reminder to return to what made apes so strong to begin with. We did all the heavy lifting, and we made our own financial decisions. We didn't rely on the crowd to push us in any direction. We did not give financial advice, and we didn't take it. + +They want you to think we can't get there. That you need the millions of bots, shills, and naysayers to tell you what to think and how to think it. They want you to believe the whole thing is totally rotten and everyone at the top is corrupt (okay, well, a lot of them are, but not all of them) and the world is doomed, etc. But the thing is, that's not real. It's the mother of all FUD attacks, and I can see it working on even the brightest and most discriminating apes and even a few lions here and there. Wink, wink. I see you Lions standing behind us watching and having our backs. Thank you. + +But I am an ape. Always have been since the day I stumbled into this. So, to you millions of people around the world that I think of as my own giant invisible fucked up but crazy incredible family—Go back to the DD. Read. Think. Learn. Eat a fucking crayon. Shove a banana up your ass or whatever it is you do on the weekends, and I will see you on the moon someday soon. Until then, business as usual. No dates, but it might be time to start making some real plans for that MOASS money. Remember, apes together strong. Hang in there! +One by one, the insane price increases we saw in 2021 and into 2022 are reversing or at least cooling down. It makes me think that through supply chains entering into overdrive and a looming recession, inflation will cool down quickly not slowly. Before I get to trucks, let me give a quick update on other trends. First, [inventories are piling up in retail](https://www.supplychainbrain.com/articles/35192-us-retailers-plan-big-discounts-as-inflation-inventory-add-up), with for example "a 32% jump in inventories during the first quarter" in Walmart. + +Second, measures of supply chain pressure [have clearly peaked (graph)](https://i.imgur.com/2oFu2Ae.png), the figure taken from [SupplyChainBrain](https://www.supplychainbrain.com/articles/35156-us-supply-snarls-ease-as-truck-capacity-rebounds): + +> A gauge of supply chain pressure in the U.S. economy fell to the lowest level since December 2020, as activity such as trucking cools from elevated levels with few signs yet of a worrying collapse. +> +> The Logistics Managers Index dropped to 67.1 in May, the second straight decline from a record of 76.2 reached in March. Faster gains in warehouse and inventory costs offset slower moves in transport prices. + +Third, [diesel future dropped at the end of last week](https://www.freightwaves.com/news/big-diesel-futures-drop-to-end-the-week), partly on news of Russia's oil production recovering slightly. +> +> The most significant bearish news in the market came out of Russia, where news reports said Deputy Prime Minister Alexander Novak told reporters that by finding alternate buyers to the Western countries and companies that have shunned Russian oil, the country’s output was close to the 10.2 million barrels per day level from February, prior to the invasion of Ukraine. + +Fourth, US ports seem to be peaking earlier than usual, indicating a slowdown may come earlier than later. [Article](https://www.supplychainbrain.com/articles/35187-top-us-port-enlists-white-house-help-to-clear-rail-cargo-logjam). + +Fifth, the Drewry composite World Container Index is decreasing slowly: [Graph](https://i.imgur.com/WUf1Qod.png), sourced from [the company website](https://www.drewry.co.uk/supply-chain-advisors/supply-chain-expertise/world-container-index-assessed-by-drewry). From the same website, here is the cost of shipping from Shanghai: [Graph](https://i.imgur.com/2WCTxY3.png). + +Now to the main article on used truck prices. While reading this, recall that used car prices were one of the main contributors to inflation back in Spring 2021. Article [(Freight Waves)](https://www.freightwaves.com/news/used-truck-auction-prices-falling-fast): + +> Auction prices of used trucks are falling almost as quickly as they rose over the last year. That is leaving owner-operators stuck with overpriced equipment they thought they could pay for in a hot spot freight market that is cooling off. +> +> “The market is primarily absorbing trucks from fleets no longer retaining all of their older iron as new trucks trickle in and, to an extent, from owner-operators leaving the industry or going to work for a fleet,” said Chris Visser, senior analyst and commercial vehicles product manager for J.D. Power Valuation Services. +> +> In its latest Guidelines report, **Power said auction prices in May for model year 2020 used trucks fell 11% from April. Prices for model year 2019 trucks fell 15.9% month over month and 2018 models dropped 9.9%.** +> +> “In May, 3- to 5-year-old trucks averaged 12.0% less money than April, but 57.5% more money than May 2021,” Visser said. “Year over year, late-model trucks sold in the first five months of 2022 averaged 82.6% more money than the same period of 2021.” + +> **Getting stuck by high used truck auction prices** +> +> When spot rates were paying $4 a mile and more, no price was too high for a fleet to add capacity. The idea was to take advantage of record-high rates and not worry about the equipment price premium. Now owner-operators who overpaid for equipment stand to get burned. +> +> “Trucking economy data shows rising terminations of owner-operator authorities and a steady and notable decline in spot rates from February through May,” Visser said. “Taken alone, those two items could suggest the new owner-operators who entered the industry in 2020-2021 are now exiting the industry.” +> +> Overall truck transportation employment increased through the spring. May was the highest month in recorded history for the sector. That suggests new owner-operators could be going to work for fleets. + +>**Retail prices still elevated** +> +> Retail prices in dealerships are still near record highs. Pricing moves tend to trail auction auctions. As rates fall, so will truck demand and prices, according to Steve Tam, vice president of ACT Research. +> +> “Unfortunately, long-awaited reports of loosening inventories come at exactly the wrong time in the cycle,” he said. “This is the beginning of the end of the cycle, which promises to be every bit as exciting on the way down as it was on the way up.” +> +> Just as auction and retail prices vary, the freight market consists of contracted and spot-rate pricing. +> +> “If your customers are mainly small fleets and owner-operators who operate in the spot market, you’re hearing the sky is falling,” Visser said. “If your customers are mainly larger fleets who operate in the contract market, you’re hearing conditions are still strong +> +> + +**Implication for Equities** + +If supply chain improvements alone improve inflation, the Fed can ease on their tightening and stocks will do relatively well. If demand reduction is what is driving improvements, this implies a recession and a possible worse bear market (or not, who knows). Both together? This may suggest that there will be a stock market in 2023. There may even be a market. Higher bond yields on US government bonds (caused by the Fed) mean that you can earn a higher premium for taking no risk at all. This means if you want to hold a riskier asset like a stock, you would demand an even higher premium. This causes stock prices to fall until the premium of buying it at that price is sufficiently high relative to bond yields. + +EDITS: + +1. The article is about freight trucking, not your regular consumer pick-up trucks. +2. It is impossible to draw obvious conclusions about the stock market from this. My low confidence response is that this is bullish for equities (if it slows down Fed hikes), maybe not the economy. +3. This is not an original thesis. +4. I am aware that inflation is more than just used truck prices. The intent of this post was to get a snapshot of some of the key industries in the US supply chain. I hope that is helpful. +TLDR; Immutable needs a rollup provider as that’s not something they do. Loopring IS a rollup provider. + +Listen to Matt Finestone and Robbie Ferguson discus this on Bankless where Robbie described Loopring as an “AWS-like” provider: https://youtu.be/PuZ8kUueG10 starts at the 16 min mark. + +Essentially, a rollup provider acts like an AWS for NFT platforms. + +So it breaks down like this… + +**Marketplaces** (GameStop, opensea, rarable) + +-Sit on top of… + +**Networks** (like immutable x) + +-Sit on top of… + +**Protocol/rollup providers** (like Loopring/Starkware) + +The logic here is that the 8-k proved that GameStop is already working with Loopring, a rollup provider. + +And they have their marketplace they’re working to build. + +GameStop has just needed that network to sit their marketplace on top of and connect to Loopring, which is where Immutable X comes in. + +So… + +**GameStop NFT Marketplace** + +-Sits on… + +**Immutable X** + +-Sits on… + +**Loopring** + +If you want to know what that means for Loopring, consider how integral AWS is to Amazon’s business model. + +Now, you may ask “doesn’t immutable already work with Starkware as a rollup provider?” + +Yes, they do, but GameStop has Loopring, as confirmed in the 8-k. Immutable X does not need to be exclusive to Starkware and they likely want to be able to provide services to anyone regardless of their rollup provider. + +What’s explained above is likely to be the Tech stack that runs the marketplace and it’s bullish as fuck! Apes, loopheads, X-heads should all be incredibly stoked about this announcement!! Let’s fucking go! 🚀🚀🚀 + +**Edit:** to make a comparison to traditional e-commerce marketplaces… + +**GameStop** = E-commerce Store + +**Immutable X** = Shopify + +**Loopring** = Stripe + +**Edit 2:** GREAT comment from u/paddylov about why GameStop would require Loopring over Starkware. + +>This makes a lot of sense. +> +>And it makes more sense now because starkware new zk-rollup starknet is not fully ready. It is still in the alpha version on the mainnet. +> +>Current immutables marketplace use starkex (old starkware validium rollup). +> +>So Immutablex will use lookpring zk-rollup as its zk provider. Loopring tech is far better than starkex (validium rollup) and it is already mature and has been running in mainnet for years. + +When GameStop launches, they want everything to be completely market ready including a rollup that’s 100% ready to go. +They know it's coming and don't care, they were just caught off guard in January and needed time to prepare. They know the cost, they just needed time to do two things: 1. Line up the sacrificial lambs (which hedges and banks will take the hit?) and 2. Figure out how the top dogs can capitalize on this event and make money off the remains of the lambs. + +What they are counting on is that retail won't hold. When we see more $$$ than we've seen in our lives, which for many of us isn't actually a whole lot, they believe we'll sell. They don't think we'll hold into the thousands, hundreds of thousands, millions... + +They continue to underestimate our retard strength. 💎🙌👊 +From SEC's website https://www.sec.gov/investor/pubs/regsho.htm + +#11. I read on an internet chat room or website that a specific security has a large number of fails; are these sources reliable? + +... + +Investors should always be cautious that issuers, promoters, or shareholders may be seeking to stimulate buying interest by making false, misleading or unfounded statements in internet chat rooms or other such forums about alleged large “naked” short positions in some smaller issuers. Some individuals may encourage other investors to buy these issuers’ securities by claiming that there will be an imminent short squeeze, in which the alleged “naked” short sellers will be forced to cover open short positions at increasing prices. These claims in fact may be false. + +------------------------------ + "in some smaller issuers" 🤣 +I received a $20K settlement in 2016 (after lawyers fees & whatnot - it was originally $100K, and there was another person I had to split the money with) from the state due to a traumatic event that had happened to me at no fault of mine, and had honestly thought that taxes and everything had been taken out. I've never had such a sum of money in my life, so I used the entire amount to pay off my car and three of my student loans (I had five student loans total). + +But eventually, I received a notice in the mail that an audit was done and I owe just over $12K on my taxes for that money (including a penalty fee). It had never entered my head that I needed to include that when filing my taxes, I didn't even get a W-2 for it, so I didn't think about it and filed as I always did. + +I honestly am freaking out. I haven't really done anything about it yet, but will be going to the IRS website to set up a payment plan. I have clinical depression, and I've been putting off doing this because I honestly don't know what to do, and I have a bad habit of avoiding things. I make $11 an hour as an admin assistant, and everything I make goes to my remaining two student loans, bills and my car (the one I had paid off previously was a total loss after a wreck caused by an uninsured driver). I still live at home with my mom, because I can't afford to live anywhere else (I'm 28). + +Has anyone here owed such an amount to the IRS before? How did the payment plan work for you - can you choose your amount? Can you pay it indefinitely until it's paid off? There's no way I can pay this amount in 60 or 120 days (which I think are two of the options on their website), so I'll have to go with their high interest monthly payment option, which will add a one-time $149 fee to my balance. + +I suppose I'd just like some idea on the process, because this is all so new to me. Every time I think about it, I start crying. I'd have rather not received the money I'd gotten at all. Should I just put my student loans on hold to pay this? I'll be paying them for the rest of my life anyway. + +--------- + +EDIT: Thank you all for the advice! I will be meeting with a CPA before I begin the repayment process. +I sell weeklies. Number one criticism, gamma risk. Everyone says it increases chance of assignment. How? + +I’ve watched the tasty trade gamma risk videos. I’ve read about it. I’ve watch more videos about it. I understand gamma risk increases delta and its rampant during the last week of an option. But how does that increase assignment risk? + +Here’s my thought process. I sell a put. Someone buys it. We have the same breakeven point. Strike - premium. So why does it matter that the delta will swing one way or another? They already bought my put and the breakeven is set. + +I understand gamma risk can end up making you pay a lot more money for buying to close if the stock tanks but that’s indirectly affecting assignment risk. + +Can someone ELI5 how gamma risk directly affects assignment risk? And if I’m wheeling isn’t gamma risk irrelevant since I don’t care about assignment? +I see that the max VIX has ever reached was 60 in 2008. + +Do you see any downside selling VIX calls at 60 and in case things go bad keep rolling until it gets down? +Hello all, + +I was a wallstreetbets fiend basically losing money with extreme consistency and I have now since found theta gang. I wanted to share that I sold my first covered call and can’t wait to continue on the path of actually keeping and making money instead of losing it all on FDs. + +Just wanted to share, and good luck to everyone in their investments. +I've tried to figure this out in my head for a while, and I suspect this is me trying to wrap my head around gamma (correct me if wrong). + +Past example - say you buy some OTM ROKU calls with a delta of .25 (my target max delta when I buy OTM options). Stock moves up, and the calls are now ITM. Great! Even better, it keeps going up. + +Putting aside that you'd probably want to sell the calls by now as you're easily over 100% profit, does the amount of leverage change as the stock keeps growing? In other words, would it be more profitable to keep holding the calls, or to sell them and open a new OTM position at the original .25 delta? + +I know this example isn't the smartest; you would want to close the position to take your profits. But I find that in doing diagonal spreads with LEAPs (that you presumably purchased ATM) this is an issue that's easy to encounter. + +Happy to explain more if this doesn't make any sense. +Update 3: I've done a reverse whois lookup on their website, and found a ton of domains registered under the same email (not same IP) in their whois. the domains look super damn scammy by the way, you can check them out yourself here: https://i.imgur.com/HG31eie.png + +And for the actual list if you don't wanna see a picture, here: http://viewdns.info/reversewhois/?q=xiangliao%40gmail.com + +I got the email from: https://www.whois.com/whois/btcgpu.org +**BTG is, without a doubt, a complete scam.** + +Looks like they tried running several ICOs from the looks of their domain lists. +Update 2: + + +Premined: https://github.com/BTCGPU/BTCGPU/pull/2 + +* Unfinished pow implementation: https://github.com/BTCGPU/BTCGPU/pull/15 + +* Replay protection not implemented (**You might lose your Bitcoins if you try to transfer or sell your +airdropped Bitcoin gold be careful!**): https://github.com/BTCGPU/BTCGPU/issues/18 + +* No change of difficulty algorithm implemented (they will compete with other GPU-mined coin for hashpower) + +* No commits merged to main public repo in last 21 days + +* Without the difficulty fix alone, this coin will crater rapidly. + +Assuming it survives that, without replay protection, big exchanges won't list it, and wallets won't support it. +The code is unfinished and in flux that no-one can seriously review it yet, and there's no commit for a testnet definition yet. (thanks to /u/StrawmanGatlingGun) + +Update 1: In their Website-Snapshot from the github (https://github.com/BTCGPU/website) they stated that the fork snapshot already processed: "Bitcoin Gold (BTG) is a new proof-of-work cryptocurrency that will be hard forked from the Bitcoin blockchain on October 1 at block height 487427", which actually ended up being September 28th (https://blockchain.info/block-height/487427) partial info thanks to /u/rhuxx for the find. + +As some of you may know, Bitcoingold is attempting to fork Bitcoin at the 25th of October. However in the past they decided they'll fork during the **Bitcoincash** date, both of which have ended up confusing me thus I've decided to do more research on the matter. + +*As I dug in deeper Bitcoingold started falling apart in front of my eyes losing all my trust in it. Here is what I've found.* + +First I read about this to get a better idea behind it: https://medium.com/@EthereumRussian/is-another-hardfork-going-to-kill-bitcoin-bitcoin-gold-e49b24ad8a9 + +The article mentioned there's been an ICO page, intrigued I decided to do a quick google search and found this 29 August bitcointalk thread that has more information regarding it: https://bitcointalk.org/index.php?topic=2046790.0 + +Along with the original Bitcoingold developer thread: https://bitcointalk.org/index.php?topic=2133536.0 + +It seems that they have possibly ran an ICO (Unsuccessfully most likely) but most certainly had premined the coin, thus I went to their website which at the time (9th of October) only ran a splash screen: http://btcgpu.org/ in an attempt to confirm my doubts. + +This didn't lead me far, I needed to confirm those claims by myself, thus I went to the wayback machine (a wayback machine takes snapshots of websites so you can tell what changed in a website over time) and picked the August 31 date of the bitcoingold website. https://web.archive.org/web/20170831032225/http://btcgpu.org/ + +**This confirmed the rumors**, the website owners/original developers intended to run an **ICO** (which may or may not been successful) and also **premined** 16000 Blocks, **worth at** **least 200,000 Bitcoin gold**. +The ICO price was supposedly 1 BTC = 10 BTG. + +Since they are holding that information away from us and hiding it, this makes me believe that, **bitcoingold is infact a scam** and an attempt to milk the Crypto community out of their money, please don't fall into this scam and don't buy bitcoingold, dump it and let others know you can even do your own research with the Wayback machine I linked above or any time machine. + +Regards, +Faycal Kilali + +tl;dr BTG (Bitcoin gold is pre-mined 200,000+ BTG, and previously offered as an ICO, now they are trying to hide both of that information from us and telling people to dump their alts to get free "Bitcoin gold". the fork dates do not match, they specified different dates 3 times, once in their github page (1th october, and the block ended up being mined at 28th september) and a third time as 25th of october. all this combined information makes this me believe with no doubt that this is a scam in the making, and you should all dump your BTG as soon as you get it and never, ever buy BTG. also there is no replay protection, incomplete pow implementation, and no difficulity adjustment just the replay protection alone means you can lose your BTC by trying to sell/transfer your BTG, whois email associated domains shows complete scammy icos and domains registered under the email, this without a doubt they are 100% scammers.). +During Lucy Komisar's AMA, she mentioned that US law allows a maximum rehypothecation of 140% for short selling borrowed shares. Maybe many of you already knew this fact, but it was the first time I had heard of it. + +So I looked it up: +https://www.investopedia.com/terms/r/rehypothecation.asp + +"In the United States, rehypothecation of collateral by broker-dealers is limited to 140% of the loan amount to a client, under Rule 15c3-3 of the SEC." + +When I hear 140%, I immediately think of the reported short interest before the gamma squeeze in Jan. Is this a coincidence or was it 140% because that is the max they can show by law? + +Does this mean it could have possibly been even greater than 140% even back in Jan, but they couldn't report more than 140% and had to hide the rest in married puts, etc like they do now? +People talk a lot about meal prepping as a means of saving money. Few mention how much could potentially be wasted on snacks. After I stopped, I realized my life has improved in multiple dimensions. I'm now more productive at work, have saved hundreds of dollars in a few months, and have lost 20 lbs. If you are like the past me who snacks all the time and everywhere, please consider omitting it from your daily lives. You'll be amply rewarded. +Title pretty much sums it up. I graduated from a top-ten law school with very little debt due to scholarships and some early savings. In terms of outcomes, I ended up far better off than most people who enter the legal profession. But I hate what I do. By the way, if you're thinking about law school and are not completely, 100% climb-over-barbed-wire enthusiastic about this line of work, DON'T GO. Seriously - you will regret it. + +Anyway, I work in civil litigation and I despise it. I'm tired of the pathological personalities, their self-righteousness, their grandiosity, the overall meaninglessness of the work, document discovery, and the goddamn procedural minutiae that never seem to cease popping up. Did I mention that the hours are horrific too? + +The problem is of course the classic one - the money is good. I'm 29M, early in my FIRE journey, and while I've maxed out my 401(k) for two years running and have nearly six figures stashed in a Roth, I'm still trying to build up a larger emergency fund and begin taxable investing. I know that the general recommendation is to try and stick it out, but I'm not sure how much longer I can take this job from a psychological standpoint. Current SR is around 65% - I only began focusing on FIRE in the past year or so. + +Is it worth making the jump to a different career? I'm not sure how translatable my skills are. I would be open to doing corporate / transactional law, but those jobs may be difficult to get since my resume is so litigation focused. I also enjoy finance but I have no formal quantitative background, so those jobs may also be out. Or should I suck it up, push myself through for as long as possible, and take a sabbatical when I eventually burn out to evaluate my options at that time? Are there any (perhaps older, wiser) people here who faced similar choices and are willing to offer advice? +\*Puts on Tin Foil\* + +&amp;#x200B; + +The Simpsons and real world events have one weird coincidence. + +I know others have posted this before but one thing that I havent seen talked about is the **date** the **episode aired** and what the guy in jail in the episode is saying. + +&amp;#x200B; + +**Episode Aired 4-11-2021** + +Source: [https://www.fox.com/watch/9e7de221d7ab8faac2278ef5814e14fd/](https://www.fox.com/watch/9e7de221d7ab8faac2278ef5814e14fd/) + +https://preview.redd.it/eqhdr7bfoeg71.png?width=3840&amp;format=png&amp;auto=webp&amp;s=16f3dff792c64dbe8a6490b6ec89b1910f5076b4 + +&amp;#x200B; + +At **15:20** GME is seen at +1 Trillion and also at -2 Trillion, a guy in jail is saying "BUY BUY BUY, THEN WHEN YOU HEAR A RUMOR OF TROUBLE, SELL BEFORE ANYONE ELSE. **I'LL BE OUT OF HERE IN 4 MONTHS'.** + +&amp;#x200B; + +4 MONTHS AFTER THE EPISODE AIRED IS 8/11/2021 + +&amp;#x200B; + +TLDR: BUY HODL, I waited 4 months to post this and boy does it look like the end game is near. NO DATES. +# Preface + +Alright, I got some info I’ve been looking into for a couple of months now. Three weeks ago when [I originally posted about it](https://www.reddit.com/r/Superstonk/comments/njgs66/rc_tweet_analysis_part_2_dumb_and_dumber_turbolax/), I didn’t know how big of a deal it was. But after May it has become more clear. + +For those who have seen u/Criand ‘s [net capital post](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/), this info is an alternative look at very similar ideas. Hedge funds have time periods where they need to make sure they have money. When FTDs coincide with these time periods, GME goes brrrr. Criand’s net capital posts and this post probably both happen, but we both focused on different areas. + +&#x200B; + + Posts with memes seem to get more attention, so here’s a meme. + +[Photo of me from the past month.](https://preview.redd.it/ru7ahkfet3571.jpg?width=1024&format=pjpg&auto=webp&s=663262c95306797eee84275665ae49c7694b5dc6) + +# Introduction + +Every month, hedge funds need to deposit money to the NSCC near the time of monthly option expiration. They do this in order to have extra money in case things go horribly wrong during monthly expiration. After some time, the money is returned to the hedge fund and everything goes back to normal. This deposit is called **Supplemental Liquidity Deposits**. Everyone remembers NSCC-2021-803. 803 changes this monthly SLD period that I'm about to explain into daily checks instead. But for now, the old rules still apply. + +For the rest of this post: + +* Hedge funds will be called **Members**. +* The place where the money goes will be called the **Clearing Corporation**. +* Supplemental Liquidity Deposits will be called **SLD**. + +&#x200B; + +Now let’s talk about Liquid Deposits... + +https://preview.redd.it/9irecyztt3571.png?width=444&format=png&auto=webp&s=a33d5a0c86779a29131b3a2693b1d183416ba677 + +# How does it work? + +SLD rules are defined in the NSCC rulebook, Rule 4(a). Rule set can be found here: [https://www.dtcc.com/\~/media/Files/Downloads/legal/rules/nscc\_rules.pdf](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf) + +If you’re a smooth brain that thinks 0 wrinkles is way too many, skip the Definitions and Rulebook sections. I’m just going to summarize the important stuff. + + + +**==== DEFINITIONS START ====** + +***Monthly Expiration Date:*** The Saturday where the monthly options expire. It’s the Saturday after the third Friday of the month. (Often people think of options expiring on Friday, but they technically expire on Saturday. You just can’t trade them after regular trading hours on Friday, so it’s essentially Friday). + +***Options Expiration Activity Period*****:** It starts at the opening of business on the Friday before the Saturday Monthly Expiration Date and ends at close of business on the second Settlement Day after the start. So, essentially close of business on Tuesday. + +***Special Activity Calculation Date:*** The date where the amount needed for the deposit is calculated. There is no set date when this happens, the only requirement is that it has to be done no later than the fifth business day preceding the *Options Expiration Activity Period* (the Friday of the week before monthly expiration). + +***Special Activity Prefund Deposit:*** The name of the deposit that the member will have to make based on the Calculation Date. + +***Special Activity Liquidity Call:*** Between the monthly calculation dates, if the clearing corporation realizes the deposit isn’t big enough, they will require a larger deposit to be made within 2 business days of the call. The Liquidity Call deposit is then held for 90 days. (So if Melvin and Robinhood really did get liquidity called, they wouldn’t get that money back until April 28-30) + +**==== END OF DEFINITIONS ====** + +&#x200B; + +**==== RULEBOOK START ====** + +**When the deposit needs to be made...** + +>*SEC. 6 Notice of Special Activity Liquidity Obligations and Payment of Special* +> +>*Activity Supplemental Deposits. Promptly after the Special Activity Calculation Date,* +> +>*the Corporation shall provide each Special Activity Liquidity Provider with the amount of* +> +>*its Special Activity Liquidity Obligation for that Options Expiration Activity Period.* ***Not*** +> +>***later than the close of business on the second Business Day preceding the applicable*** +> +>***Options Expiration Activity Period, a Special Activity Liquidity Provider shall make its*** +> +>***Special Activity Supplemental Deposit to the Clearing Fund.*** + +&#x200B; + +**When the deposit needs to be returned…** + +>*“Special Activity Prefund Deposit” means a cash deposit of a Member to the Clearing* +> +>*Fund made by wire transfer to an account designated by the Corporation:* +> +>*\[...\]* +> +>*c.* *that the Member undertakes to keep on deposit in the Clearing Fund for at* +> +>*least seven Business Days after the end of the applicable Options* +> +>*Expiration Activity Period*\*; and\* + +**==== END OF RULEBOOK ====** + +&#x200B; + +**Hey you! I know you skipped those sections, come back!** + +&#x200B; + +Putting it all together: + +* Early in the month, the Clearing Corporation tells the 30 largest Members how much money they need to deposit for the Options Special Activity Period. +* The Options Special Activity Period starts on Friday and ends 2 business days after (usually Tuesday). +* Two days before the Options Special Activity Period, the Prefund Deposit is made (Wednesday). +* The deposit is returned after 7 business days following the Options Special Activity Period (usually Thursday). +* If for some reason the deposit amount needs to be increased, there is a Special Activity Liquidity Call for Members to deposit more money. + +&#x200B; + +This means there is a 12 business day period every month where the Members are tight on money... meaning less money for any potential tricks/price suppression. Any liquidity calls get held for 90 days. Interestingly when Robinhood shut off the buy button in January, they said they were asked for more money. This is because they got liquidity called. (The congressional hearing revealed Melvin also got liquidity called in January) + +&#x200B; + +# Chart Time + + Now to highlight the SLD period on the 1 day chart. + +[1D GME Chart with SLD periods highlighted \(from time of payment to when the deposit is returned\)](https://preview.redd.it/9is0brqdv3571.png?width=1246&format=png&auto=webp&s=cbdd7218099a82c29adbab153e8aa956a8473451) + + **Okay great, but why are some SLD periods bigger than others?** + +&#x200B; + +*Warning:* I’m about to connect a bunch of numbers and dates using text. It gets hard to follow. So I’ll include a chart afterward and you can follow along at home. But the chart is also confusing... + +&#x200B; + +* **January:** Most of January had 600,000-1,000,000 FTDs due from December. So there is a large price increase immediately when the payment is made. GME continues to rise the entire period, Robinhood cuts off buying GME when they are liquidity called, and GME promptly starts falling at the end of the period. +* **February:** Using my [T+35 theory](https://www.reddit.com/r/Superstonk/comments/nsady3/t21_is_not_actually_a_thing_counter_dd/), January 19-21 needed 1-1.5 million FTDs due on each day (Jan 19: 1.5 million, Jan 20: 1 million, Jan 21: 1.4 million). The FTD numbers are a cumulative total, So I believe that on January 19 only 500,000 FTDs were taken care of (leading to the small February 22 bump), nothing was covered on January 20, and January 21’s 1.5 million FTDs were done at the end of the day on February 24 during SLD. +* **March:** The beginning of March is due to T+35 from January 26-January 28 FTD’s. The price was suppressed, but not dropped in order to avoid another liquidity call. February’s large FTD days (Feb 24th and 26th) are due March 30 and April 1, outside of SLD. So nothing big happened. +* **April:** The largest FTD days due in April are April 15 (March 16 and 19), April 26 (March 23), and April 29 (March 26 and March 29). Some of the April dates correspond to two March dates because the FTDs are due on the weekend. April 14 bumps right after the deposit, April 15 FTDs are covered in the second half of the day after a drop, April 26 is in SLD, April 29 is right at the end of the SLD (see note after this section). +* **May:** The largest FTD days due in May are May 11 (April 7), May 13 (April 9), and May 24 (April 20). The FTD numbers are all similar (about 80,000), but the first two are out of SLD causing small bumps. The last one is in SLD, causing a big spike which can’t be controlled until SLD is finished, leaving a continual price increase from every FTD covered thereafter. + +&#x200B; + +[1D GME Chart with big FTD dates mapped out to where they get covered \(the numbers represent the day of the month to hopefully help read this extremely confusing chart\)](https://preview.redd.it/s7xkhb5mv3571.png?width=1093&format=png&auto=webp&s=f7f80b4e2aa06abad5bf657072aac77337cd34db) + +Remember that exercising an option will take two days to settle (buying and selling contracts it T+1, but exercising is T+2). So the days with big FTD numbers that I highlight come from options that are exercised two days earlier. + + + +**Important Note:** GME’s price often drops during the last two days of SLD. I don’t know exactly why. My current theories are: + +1. Options premiums get way too expensive from the FTDs and gamma ramp slows down. +2. The liquidity calls allow you up to two days to pay them. So if the Member’s deposits are going to be returned within the next two days, there is no point in giving them a liquidity call. +3. A new calculation day comes for the next month making the current SLD period not important. +4. Some interaction between SLD and Net Capital. + +I’m leaning towards a combination of (1) and (2). + +# Wrapping it all up (tl;dr) + +* FTDs are due all the time. The FTDs due during SLD lead to a much larger price increase than the FTDs due outside of SLD. +* Once FTDs due from SLD has increased the price dramatically, it is hard to suppress the stock price without getting liquidity called until the SLD period ends. +* The recent GME runup from May should create a lot of FTDs. The majority of ITM calls get exercised on Friday, which will correspond to July 5th (outside of June’s SLD). If a lot of apes exercised early in the week (specifically on May 24), then there could be a handful of FTDs that fall at the end of June’s SLD period. +* Predictions will be more accurate after the new FTD data comes out on Wednesday. I’ll make a follow up post on my thoughts. + + + +That’s all I got for today. I was quite busy last week and it made posting hard, but now I should be free to start making more posts. + +&#x200B; + +Until next time, + +\- u/dentisttft + +&#x200B; + +PS. I’m starting to get to the point where it’s hard to respond to everyone. So apologies in advance if I leave you hanging. Thanks for all the support! +One of Us! One of Us! + +&#x200B; + +Link: [https://www.reuters.com/article/us-tyson-foods-beyond-meat-idUSKCN1S026U](https://www.reuters.com/article/us-tyson-foods-beyond-meat-idUSKCN1S026U) +Since 2014, news sites reported how Google had effectively created its own island in Silicon Valley, something akin to a company town, exacerbating a housing and traffic crisis that now characterizes much of the San Francisco Bay Area — the place with the highest housing costs in the nation. + +Now, Google CEO Sundar Pichai is announcing the company’s biggest commitment by far to fix its broken backyard: a $1 billion investment over the next 10 years to build some 20,000 units of housing. + +According to the official Google blog post, the new commitment includes: + +* $750 million worth of the company’s existing office space, which Google will convert into an estimated 15,000 units +* $250 million toward “incentives” for other developers to build 5,000 units of affordable housing +* $50 million to nonprofits that help the homeless find shelter + +We were already expecting Google to free up as many as 9,850 units in its Mountain View backyard, with Google offering to build some 5,700 itself. (The company leases a lot of property, too.) Google tells X that plan hasn’t yet been approved by the town, but whatever housing it builds in Mountain View is included in this total. This is an investment, not a charity. Google says it’s leasing this land to developers who will rent and sell units — you know, for money — and won’t restrict what they do with it. That does mean no explicit preference to house Google employees, though, and cities will require a certain percentage to be affordable housing. Google proposed 20 percent affordable housing in Mountain View. + +We’re not talking about single-family homes. Google simply doesn’t have enough office space for 15,000 traditional homes, so it’s going to need to build upward. Expect apartments and condos in multistory units. + +We don’t know where they’ll be. Optimally, Google can help Bay Area traffic woes by building housing close to its big campuses, and that’s likely, but Google says they could be anywhere in the Bay Area it has office space. The details are up in the air as of today. + +Google won’t be building 5,000 units of affordable housing itself. The $250M will help developers secure land and permits for affordable housing, incentivizing developers to build. This is a 10-year commitment, all while Google keeps growing. In addition to its holdings in Mountain View, San Francisco, and generally across 24 of the 50 US states, the company’s planning a whole new giant campus in San Jose. + +______ + +What are your thoughts on this? Missing caveats? +Hi there, I am currently looking for a property manager, and I came across an interesting company. I was hoping someone here could help me poke some holes in this, as it seems a little too good to be true. + +This company essentially rents the property from you, and finds "subtenants". So you are guaranteed rent during vacancy, AND they assume liability for all damage caused by tenant outside of normal wear and tear. + +Whats the catch??? Why/how would they be able to do this? + +EDIT: they are NOT doing short term subleases or Airbnb. I just reached out and confirmed. +I’m looking at 4plexs. + +Everyone obviously is listing on mls at top dollar. + +“Projected cap rate of 5.25% after you finish remodeling the remaining 2 units and raise rents 20% on all tenants until you’re above what the local comps are” + +Or + +“Rents are low because of long term tenants but we’re pricing it based on what you could raise the rents to if you want to drive all the tenants out” + +They don’t say that stuff literally but they price it based on numbers that only work in a hypothetical scenario. + +So what approach do you use to start a negotiation when you really need to be $50-100k below what they are asking? + +Do you offer near asking then adjust significantly lower after your DD? +Hello. I rented out a house to a couple, but after multiple delays in their ability to pay rent, I had to give them an eviction notice. Once they left, I went to get the keys but noticed that the inside of the house was completely damaged(estimated $20k in costs including holes in wall, pulled up carpets, stains, garbage, etc). There is no way I can pay this amount to repair, so what should I do next? I am thinking of filing a lawsuit. Is there anything else I can do to save my situation? +Happy Monday Apes. With all of the hype and pomp surrounding Pulte/BCG/RC/Gamestop, I felt I needed to take a moment and share something with you. BCG is NOT the only bad actor that has been ruining companies/institutions we love, or did love, until they were destroyed. This is international and GLOBAL. There are 2 other major firms used by various governments and banking institutions around the world. Those other actors happen to be Bain and Company, and McKinsey and Company. These other 2 firms perform the EXACT same function in the EXACT same scale, and I assert, for the EXACT same reasons. BCG was just foolish enough to get attention by trying to sue RC and Gamestop. That got the attention of the APES. That was a VERY foolish move, born out of ego and hubris. + +Look at McKinsey involvement in the British Parliament and where they are "consulting". + +Look at Bain and Company and look at their major "clients" + +This is much bigger than just BCG. The "Big Three" have been used for DECADES to destabilize and extract wealth from EVERY corner of our society, and only destruction has followed in their wake. + +Look Apes...there is more to see than they are letting you see. Especially Europoor Apes... NHS and Education; see just who is doing the "consulting" in efficiency and cost savings for your touted and beloved institutions. + +Enjoy the hunt Apes...I think we are finally on to the real blood trail...now we get to see where all the bodies are buried...so to speak (I think) +With 4% SWR and 15% tax, you'd end up with $17,000 a year. Is that enough to enjoy live in the United States as a single person? How would you go about it? Rent a room in an affordable city where you can get around without a car? How about healthcare? What's the average monthly cost for ACA? + +Just thought it'd be interesting how other people would go about living off of $500,000. + +*edit: Many people have noted the tax is too high. No federal tax and a guestimated state tax of $700 based in NC will get us to $19,300. +Disability hits people unexpectedly. At age 27 in a sedentary job as a former Bay Area Tech CTO I never pictured myself filing for disability much less being found permanently disabled with no cure, no treatment, no effective medications. I had a sudden unexpected onset of a very rare severe neurological disorder that had no warning signs. Today I'm going to talk about how it's changed my FI/RE plans, things that no one expects going out on disability, and how it affects my financial investments going forward. + +*Note: For the sake of brevity in various examples I'm rounding numbers to two or three digits of precision. All investment rates assume a very risky equity asset allocation with a 7% real after inflation return and a 2% qualified dividend yield. All numbers are in today's dollars assuming 2018 tax rates/policies and assuming no future tax changes. I'm also assuming the reader has a base level of understanding of disability insurance. If you don't then both the Bogleheads and White Coat Investor website are a great resource to start reading up on this valuable coverage.* + +# Pre-Disability Income & Assets & Expenses + +* $350k total comp ($211k after tax take home pay) +* $200k taxable account +* $100k roth IRA account +* $100k 401k + +#Expenses + +* $60k annual expenses including vacations/etc + +#Investing + +* Investing $120k/year to be really FI. + +# Disability income + +* $130k non-taxable LTD (mix of multiple IDI carriers and non-taxable group contributory "buy-up" insurance) +* $20k taxable group LTD (after SSDI offsets) +* $15k/total a month +* All to age 65. IDI policies are true own occ, group is an any occ policy after two years. +* $30k SSDI +* **85% of former take home pay covered by disability** + +# Why I'm still saving aggressively even though I now have a secure income stream + +Even though I'm found permanently disabled, you can never be certain the insurance company(s) will play nice in the future. Medical advances can be made for my condition (new drugs are being researched) and who knows what treatments look like in 5-10-15 years. If I just wildly spend this income I'll be in a poor position in the future if disability companies deny payments or I recover. My insurance company already played really nasty once (see below) and they could certainly try again! It just takes one out of context private investigator video taping you being "normal" for a few minutes for them to then hope to show a sympathetic judge. + +# My investing plan +My FI goal is $2.5m which I picture I'll achieve within 11 years. I'd be ok financially if my disability policies stopped paying/refused to pay at that point. I'd like to live a bit more relaxed than I have been living at that point. + +Unfortunately tax-advantaged investment options are really limited for disabled people. There are ABLE accounts for those with an onset of disability on/before age 26, but mine onset shortly after. (There is a bill to extend it to age 46.) The only tax-advantage space I now have access to is roth/traditional IRAs. IRA contributions are only available from taxable insurance policies that report income on Box 1 W-2. + +I'm planning on saving $120k a year into taxable and expect to hit $1m in taxable accounts in 4-5 years, $2.5m total across accounts in 11 years. I'm guessing I'd have $14m-$24m in taxable at age 65 (probably lower as I'll let off on the gas somewhat), $2.0m in my roth (before roth laddering), and $1.6m in pre-tax 401k/t-ira accounts (should I decide to not ladder). $2.2m pre-tax accounts at age 70.5 with RMDs of 3.64% being $80k/year. + +Receiving SSDI plays hell with marginal rates while saving for retirement. With $20k group taxable income and $30k of SSDI, roughly $25k of roth conversions/future estimated qualified dividends from taxable investments in a year/etc will make 85% of the SSDI subject to tax, a marginal rate of **50%.** With this factor it makes roth conversions very expensive until you have uncontrollable dividend income that makes SSDI fully (85%) taxable. After this "hump" my federal marginal rate appears to be around 23%. Realistically I won't get past this hump until 5 years on disability at my current savings rate. + +On SSDI you have no choice to delay Social Security retirement until age 70.5. You transition over automatically to full retirement age. I don't know if there are any legal loopholes around that. (Ie could one legally stop SSDI in their 60s before full retirement age (perhaps make substantial gainful income), wait, then delay? I can't find any answers on that. Actuarial speaking it's better to keep SSDI as disabled people have shorter life spans than the expected age of death SSDI uses.). + +In retirement I'm looking at $250k+ in qualified dividends alone. That makes my marginal tax rate (using taxcaster to make a sample 2018 return) in retirement 31% thanks to the net investment tax. + +Tax effective wise I'm looking at roth contributions until 4 years in ($1m taxable account), then t-IRA contributions for 7 years (years 5-12) as a $6,000 t-ira at 40-50% marginal rate gives a $2,700-$3,000 tax refund as it reduces BOTH the taxable group insurance and the amount of taxable SSDI, then past 12 years back to roth contributions. I'd save an extra $21k with the 7 years of the planned t-ira contributions. I'll likely ladder my pre-tax account into my roth IRA at this point as I'd rather not deal with RMDs and 23% current marginal tax vs an expected 31% at retirement is a pretty huge savings. + +There isn't much other insight I can offer as obviously trying to optimize a future expected $2m pre-tax account for age 65 when I'd expecting to have a 10-20m taxable account at age 65 won't realistically move the needle. + +I'm looking into using a 529 plan for myself as while interest earned is tax deferred (earnings come out as ordinary income rates), withdrawals for totally and permanently disabled is an exception to the withdrawal penalties. I'd need to consult a CPA on it, but it may be a good way to shelter my bond/REITs allocation in taxable that mostly throw off ordinary income. Of course it won't be good for stocks as long term capital gains are very efficiently tax deferred already. + +If the ABLE account age extension becomes law then I'll definitely max that out. + +# Things that went well + +* I planned really well with getting robust insurance policies and amounts. + +* I established a good group policy at the startup I was involved with. We covered the first 50k of premiums pre-tax so people can have some taxable income to be able to make IRA contributions (the insurance reports it on W2 box 1), then had mandatory post-tax deductions for the buy-up insurance making sure everyone is covered. + + +* Glad to have two IDI carriers and a third separate group carrier. I was a huge target just being 27 years old but had all $15k been at one insurer instead of $5k split per carrier I'd be the giant claims target of the century. + +* Had a lot saved with a huge emergency fund to deal with my unexpected disability. + +* No loss of income as I met my elimination period while working still. + +* I'm really glad I hired professional legal help with my insurance claims. + + +# Unexpected things about disability + +* I had a lot more medical expenses than expected. I hit my out of pocket max. The insurance company has paid $70k after discounts to my medical providers. My current medication for my neurological disorder is $15,000 a month. + +* Costs being disabled can skyrocket. I'm completely restricted from driving due to my disability. Uber costs for doctors appointments/treatments/testing/etc exceeded $1k a month a few times living in the Bay Area (Rush hour, specialists outside the city, etc.) It's hard for me to cook with my disability too - I had skyrocketing costs of food delivery/etc. + +* I had a 90 day elimination period with the IDI carrier I depended on the most. I filed my claim when I met the elimination period. It took them six months to approve it (with six months backpay.) I understood that it takes a while to approve a claim but when I took out a 90 day elimination period I did not expect to front six months of back pay. + +* The insurance company played nasty despite being formally represented with a legal team. They started to establish a bad pattern of bad faith by trying to delay the claim as much as possible. When my claim was submitted my legal team submitted everything they felt was appropriate as proof. Two months of silence passed and the insurance company suddenly stated we never sent in a medical records release (we absolutely did.) Immediately my legal team faxed them the signed authorization, another month of silence, then it was "unusable" - a supposed bad fax, while at the same time my doctors have been getting the records request! Unfortunately after that my legal team ended up sending everything overnight, signature required. No more easy faxes. That stopped that bullshit. + +* After that they then delayed an additional two months wanting the past three years of tax returns with the Bay Area startup I was formerly employed with as I was over a 5% equity owner. Of course the company, founders, and venture capitalists that funded us protested and it sat on a huge legal fight. This wasn't a personal business - this was a startup done at "arms lengths" with others. I'm really glad my co-founders worked with me and released the business returns they weren't obligated to... it was starting to head into unprecedented waters as a new case law that neither my attorney or I were excited to litigate on. This was unheard of in my attorney's career. The company was really grasping at straws to not pay a 27 year old disability to age 65. + +* They requested the previous 10 years of medical records going to age 17 fishing for pre-existing conditions as a post-claim underwriting practice as the claim was filed within the contestability period of the policy. Normally my attorney would push hard on limiting it to the pre-existing condition period (1-2 years depending on the policy.) but we are both confident that there is absolutely no pre-existing conditions or sign of this disability and so it'd be a red flag to push to limit the investigation. However trying to recall 10 years of doctor visits is ludicrous so we did not disclose anything before the pre-existing condition period. Making a disability insurance claim is like talking to the police - no need to assist the police or them in their investigation. You're not legally required to assist in their investigation other than what the contract stipulates. + +* Unlike group(ERISA) policies, IDI policies have no clauses in the contract stating how long an insurance company can investigate. My attorney advises me that most claims take 45-90 days to investigate after a claim is submitted, so if you have a 90 day elimination period you better budget at least 180 days of expecting no payments from the date of disability. + +* While you can sue on a IDI policy after 60 days after you provided all proof of loss and your requirements as an insured if the IDI company doesn't pay. *In practice* that's not recommended at all. My attorney recommended keeping things polite and cordial, silently document all the delays, then use it as ammo if they deny, or the delays go past a year, or cause actual damages (foreclosures/late fees/etc.) It's a lot cheaper too... litigation is expensive and uncertain. You have to keep in mind it's not personal ; it's business. The insurance is a cold hearted calculated business. + +* I didn't have a final diagnosis until 3 months of accumulated benefits (6 months past onset of disability). When I made my claim I had a good enough diagnosis with objective evidence which my legal team felt was good enough to proceed. Looking back on a pure "human" basis it may have been better to file when my diagnosis was certain, not subject to change, etc. In real life it's not ideal to have the insurance company not know what exactly is going wrong. It's hard to say though if things would have been different had I waited. + +* Unless you have an accident or a clear cut disability (heart attack/stroke/etc), medical stuff moves *slow.* In reality most disabilities are chronic and worsen over time. On day one of your onset of disability you're probably thinking this won't last for weeks, or months. You probably won't want to make a claim on your policy until you've unquestionably satisfied the elimination period either or know you'll satisfy it in the future. After I had learned it's probably best until your diagnosis is very concrete, and not just probable (if you can swing it financially of course). + +* Ironically I had a good experience with the group contract. They don't want to lose my employer's future business (we're paying premiums close to an IDI contract would too, so they're getting a ton of money over a normal group contract.) They had a six month elimination period though and by that time my claim file was well built. They waived pre-existing conditions for the initial employees when we bought the policy, so not having a pre-existing investigation smoothed out the claim process a ton. As a normal employee though I would expect the claims process to be worse with group insurance than what I experienced with my IDI policies. + +* Going out on disability with a large benefit at age 27 will make *everyone* suspicious, especially with the policy amounts involved (learned that quickly - the guy I ended up going with I didn't disclose the amount involved until the retainer was signed.). I've ran through *five* attorneys that flat out told me "you're 27, you can't be disabled!" I found it incredibly hard as a young professional to find the legal help I needed. A few lawyers were like "come back when you're denied." I almost contemplated handling the claim on my own until I found an attorney that had handled my exact neurological condition before and other related neurological conditions with disability companies. + +# My advice + +* **Get a good individual disability insurance (IDI) policy from one of the big 5 carriers as soon as possible.** Don't wait - the littlest of health conditions can give you worse premiums, limited coverage (5-10 years instead of to age 65/67), exclusions, or outright declines. I'm too young to have experienced pre-ACA health insurance underwriting but my legal team tells me disability insurance underwriting is 10x worse than pre-ACA health insurance underwriting ever was. + +* Bogleheads and White Coat Investor websites are excellent resources for disability insurance information. + +* Get a policy from one of the "Big 5" companies - The Standard, Guardian/Berkshire, Principal, Ameritas/Union Central and Mass Mutual (+/- Ohio National.). + +* Get an independent agent. Any independent agent is fine if you have no health issues. If you have a host of health issues I recommend someone who has a ton of experience working with physicians who apply for IDI as they're more knowledgeable how to paint pre-existing conditions in the best light. + +* **Group coverage isn't worth the paper it's printed on.** Even with my IDI experience group insurance is that much worse. The benefit can end as early as 2 years when it switches over to the "any occupation" phase. Depending on state if you can be a Walmart greeter you get kicked off (some states like CA limit any occupation to be gainful - 80% of your pre-disability earnings.) ERISA gives discretionary authority to the insurance company on what the contract means. The TL;DR is a group contract is between the employer and the insurance company, NOT you and the insurance company. The employer signs away their rights to contest the policy and give *"discretionary authority"* to the insurance company to also manage the administration. ERISA derives from trust law so essentially the insurance company is also the "trustee" of the disability "plan" and has tremendous "discretion." Technically your group "insurance" is actually a "benefit plan" and technically a "trust" in the eyes of the law. You as a lowly employee are simply a beneficiary. Only if the trustee acts *"Arbitrary and Capricious"* will the courts act and intervene. This is a huge standard to overcome! Only 22 states so far have outlawed discretionary language and actually held these insurance companies for what they are - insurance! (Note: if your employer's plan is truly *self funded* then you're completely hosed. Self funded plans are incredibly hard to take to court vs a third party insurance company.) + +* **Max out coverage.** Look, I'll be biased here as I made a claim and it helped me tremendously. Insuring just your current expenses isn't enough. For most disabilities you will likely reach your out of pocket max for your health insurance for a few years. What about cobra premiums? What about ACA premiums if you don't get SSDI/medicare in 24 months from your disability? What about if the company denies your claim in the future? What about at age 65/67 when the benefits stop? What about stuff health insurance doesn't cover? Home modifications? **The only time you don't need coverage is when you're FI.** You can possibly reduce coverage if you have built up substantial assets and 2-4% SWR on those assets will make up the rest. You can always reduce coverage in the future for less premiums. + +* **You'll be glad to have maxed out the coverage if you became disabled, especially if you have to litigate.** + +* The most cost effective for possible benefits received is to age 65 and 90 day elimination period. For an exec/sedentary position with all the optional riders it'll cost about 2-3% of gross income a year. IMO age 67 isn't worth the cost as it's really pricey as the insurance has to account both additional risk of being disabled if you're working at age 67 and the two extra years of payments (especially if a COLA rider is involved and inflation goes past the cap every year.) + +* Absolutely be sure to get true own-occupation coverage to age 65, residual riders (they even let you satisfy the elimination period early with sick days, I had a zero loss of income as the sick days I took satisfied the elimination period under the residual rider.) recovery benefits to age 65 (still get paid if you're no longer disabled but haven't been able to be rehired yet, what happens if you go out at age 27 but recover at age 55? Probably unemployable!), COLA if under age 45, and future purchase options. + +* If your career has a high income potential - software engineer, lawyer, doctor, executive, etc., then buy two policies at $5k/mo/each with $10k future option purchase pools. That will let in the future max both policies to $15k/mo each. Most insurance companies have a $30k "participation limit" where you can't have more than $30k/ di insurance on you. Another advantage of having multiple insurance companies is it greatly de-risks your claim. You'll face a lot more risk management if you ever make a claim on a $10k/mo policy than two $5k/mo policies at two different insurance companies. Should your insurance company go bankrupt you're a general creditor to the insurance company and should we have another AIG/Lehman Brothers, most states will only insure up to $300k of insurance reserves per policy but only if you're on claim and receiving benefits. Don't have benefits and your insurance company goes bankrupt? Well, now you gotta apply for a new policy with a new company at new rates and possibly face pre-existing conditions! + +* There is "DI Retirement" protection policies with Guardian and Principal. It insures the actual retirement contributions you have a history of making (401k, IRA, deferred comp plans), the policy is owned and paid into a trust you can't access to age 65/67 so it doesn't have to be disclosed to other IDI carriers as it's technically not a policy you own, and it will get most people to 100+% take home pay coverage up to the $150k-$200k salary range. (Note: Principal recently updated guidelines to not issue policies to people who they deem are "over-insured" so it's recommended to apply with them first, then apply 31 days to other carriers or apply once it's in force, per your agent.) + +* You can "double dip" on a group policy. If you have the above $30k/mo IDI policies in force and join an employer that provides you with $20k/mo group insurance you'd have $50k/mo of total coverage. Group policies only reduce for other group polices (including professional association policies) but purposely keep IDI coverage untouched. + +* Buy IDI insurance even if you're covered by a group. At the very least they'll issue a "supplemental" amount of coverage to cover the taxes you'd pay on the group insurance. Establishing a future purchase option on the contract is huge so you can get more coverage should you switch employers later on. (Note: if you have an offer in-hand and the new employer has group disability coverage, if you go 31 days of unemployed between your old job and the new job, you can contractually exercise the FPO and get full coverage based on the job offer and not have it reduced because of any potential group insurance Enjoy a nice break between jobs and get fully protected. That's the recommended way for people who have no inclination of joining startups or self employment where there are no disability benefits.) + +* Don't downsize your emergency fund because you have a disability policy. I was surprised my claim built up 6 months of benefits before being approved. + +* If you ever make a claim never ever talk to them on the phone. Always do it in writing. + +* If you ever make a claim hire a professional experienced legal team. A $10k/mo claim is worth $3 million at 4% SWR. *Would you represent yourself over a contract claim worth millions of dollars?* + +I'm happy to answer any questions. +In one of the other threads, someone commented about how there’s a lot of information about how to get to financial independence, but not much about after FIRE. It’s been almost exactly two years for me, so I figured I’d share my story. + +###The Beginning +I started my FIRE strategy right after finishing college in 1996 with a couple of degrees in Computer Science. Initially, I lived fairly cheaply, living with roommates, but without a car, in a fairly pricy city. I’d estimate that in any given month, I saved somewhere in the area of 35-50% of my net salary. + +I didn’t particularly deny myself one-off things I wanted to do. I’d guess I ate out at least a couple times a week with friends, but I only spent money on things I actually cared about. For instance, it took over a year for me to get a bed, and then only because my mother said I’d never get a girlfriend without a bed. She was probably right. + +###My FIRE Strategy +My main strategy wasn’t so much to avoid one-time expenses, but rather to avoid ongoing monthly expenses like cable, internet, high rent, car expenses, and Starbucks. Though I didn’t know the term “hedonic adaptation” at the time, I had a natural intuition about it so avoided costly pleasures that I didn’t think would lead to sustainable happiness. + +My strategy differed from the typical FIRE strategy in two ways. First, I managed my own investments, largely focussing on the stock market. Overall, this wasn’t a particularly effective strategy for me—I roughly equalled the return of the indices. Most of my failures were as a result of investing in businesses that looked to be cheap, but turned out to be value traps. I would’ve saved a lot of time if I just did index investing, but to me, it was something I enjoyed, so it wasn’t terrible. + +Second, in my career, I constantly aimed for low-cost, positive black swans. By a “black swan”, I mean a low-probability event that has a disproportionately large upside—like lottery tickets that had a small but realistic chance of winning. But I didn’t want to pay a lot for those black swans, since they were low probability. Ideally they would be free. + +An example of this was in my first job. After my 6-month performance review, my boss wanted to give me a large bump-up in salary. Instead, I asked for a bunch of stock options in the company. My reasoning was that any salary increase would be taxed at high marginal rates. Plus, a higher salary was likely to lead to lifestyle inflation and the associated hedonic adaptation. In combination, these factors meant that a salary increase likely wouldn’t boost my savings rate or happiness that much, so what was the point? + +In contrast, options could lead to a huge windfall at some time in the future, which would be taxed at the advantageous options tax rate, and wouldn’t result in lifestyle inflation until it actually happened. I think the main argument against this options strategy is that salary increases compound (a 5% raise when you’re making $100K is much greater than a 5% raise when you’re making $30K). As it happens, that concern didn’t prove to be much of a problem to me—my boss ended up giving me the options and a decent salary increase. + +###Results +I got pretty lucky, cashing out those software company stock options in late 1999. Other black-swanlike things I did included starting businesses, often funded by other people’s money or on a shoestring budget so the opportunity cost (i.e. the cost I’m paying to expose myself to the positive black swan) wouldn’t be so great. I’d guess that about 25% of these sorts of things worked out. That seems like a low percentage, but each black swan is a huge win so 25% is a perfectly acceptable number. + +I also got burned by a black swan as well. I could’ve bought a house early on, but I didn’t because real estate was already somewhat pricey, and it seemed like I could get more value from investing that cash. The problem is that I live in Vancouver, and a huge real estate bubble developed over that time. Now, a 1400 square foot run-down house in this city can cost $2-3M. Any purchase now would make a serious dent in our FI nest egg. So, we continue to rent. + +I’m still not sure this was a bad decision as opposed to a bad outcome. When real estate is expensive, it doesn’t seem logical to buy on the belief that it will get to bubble levels of expensive. Sure, occasionally it will, but it doesn’t seem like a smart bet to make. + +My final result is that, using a 2.5% safe withdrawal rate, my family reached FIRE two years ago when I was 42. + +###My FI Life +My life now is fairly different than it was. I get up at about the same time I used to so that I can have breakfast with my family, though maybe once I month, I’m tired, so I go back to bed for a couple of hours. I do more of the housework, cook dinner more often, and follow the markets. I also do things I couldn’t do before, like picking up my kids from school and watching my son play ultimate after school. + +One of the biggest advantages has been the flexibility. Historically, when a kid got sick or my wife ran late in picking them up, it resulted in her scrambling to pick up the pieces. She managed, but it was far from ideal. Now, it’s much easier to deal with these issues when they occur. + +I’m not really a workaholic, but I also am not the type to simply focus on hedonistic pursuits indefinitely. Or perhaps a better way of stating it is, for me, being at least somewhat productive brings me pleasure. + +So, I’ve started writing, both a blog and novels. In October, I published my first book, a young-adult science fiction novel. Of course, this is another black swan strategy, though not a cheap one—the opportunity cost is super high. + +I consider my writing my current job, albeit one that I can slack off at as much as I like. I’ve rigorously maintained timesheets of my work on it, and I’ve averaged maybe a bit over five hours a day writing. I suspect that this isn’t all that different from how much I worked at my old job, if you exclude time spent talking with people in the kitchen and generally messing around. But my commute is greatly improved. + +The things I don’t miss at all about my last job were the politics, the short-sighted, incredibly slow decision-making, and the unproductive work. I do miss the people—I still see some of them occasionally, but it’s not on a daily basis as it was before. That difference is significant and a big downside to FIRE, or at least FIRE as I am choosing to live it now. + +Nevertheless, the main appeal of FIRE to me is the security and the flexibility, and I am enjoying those aspects as much as I anticipated. Now if I could just buy a darn house…. + +I went back to the prices of altcoins (top 20 during those respective times. Which means the top 20 list changed from A to D below) from 2017 to 2020 and to see how they faired against BTC/ETH. There are different stages. + +A. 2017-18 Altseason + +Dec 3/2017 - present + +1. BTC (11323 dollars -> 34218 dollars): +202% +2. ETH (465 dollars -> 2261 dollars): +386% +3. Top 20 alts: +51% + +Dec 17/2017 - present + +1. BTC (19140 dollars -> 34218 dollars): +78% +2. ETH (719 dollars -> 2261 dollars): +214% +3. Top 20 alts: -32% + +Dec 31/2017 - present + +1. BTC (14156 dollars -> 34218 dollars): +141% +2. ETH (756 dollars -> 2261 dollars): +199% +3. Top 20 alts: -43% + +Jan 14/2018 - present + +1. BTC (13771 dollars -> 34218 dollars): +148% +2. ETH (1366 dollars -> 2261 dollars) : +65% +3. Top 20 alts: -56% + +&#x200B; + +Basically, if you look at the 2017-18 Dec/Jan altseason, your alt portfolio (had you bought at the time and held til today) underperforms badly compared to BTC and ETH. So in the long run, it would have been better off to just traded these alts or not buy any alts (on average) during this altseason frenzy. Notice that a lot of the alt portfolio from Dec/Jan would still be in minus today. + +Only ADA outperformed BTC (and ETH) amongst the top 20 alts. But ADA wasn't that popular at the time and I doubt there would have been many alt portfolio that predominantly just had ADA. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +B. Stagnant BTC summer of 2018 + +June 10/2018 - present + +1. BTC (6499 dollars -> 34218 dollars): +426% +2. ETH (500.45 dollars -> 2261 dollars): +351% +3. Top 20 alts: +178% + +June 24/2018 - present + +1. BTC (6173 dollars -> 34218 dollars): +454% +2. ETH (457 dollars -> 2261 dollars): +394% +3. Top 20 alts: +195% + +&#x200B; + +This was the summer times of 2018 when BTC had very low volatility and went back and forth from low 6K to high 6K. Alts corrected big time and everyone declared that bull market was over. Even during this time, it would have been better to buy BTC as opposed to alts. And notably, BTC outperformed ETH during this time. + +Some notable alt that emerged from this era was BNB. If you had known BNB would taken off, you would have yielded around 1000-2000% gains from purchasing BNB here (it outperformed BTC/ETH). But then again, not too many people went all in on BNB here. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +C. Peak Bear Market of Winter 2018 + +Dec 9/2018 - present + +1. BTC (3614 dollars -> 34218 dollars): +846% +2. ETH (95.14 dollars -> 2261 dollarss): +2276% +3. Top 20 alts: +963% + +&#x200B; + +Dec 23/2018 - present + +1. BTC (3998 dollars -> 34218 dollars): +755% +2. ETH (130 dollars -> 2261 dollars): +1628% +3. Top 20 alts: +723% + +&#x200B; + +This was the dreaded low point in 2018 that involved the BCH hash wars. So this would have been the best time to buy the dip in retrospect. For the first time, top 20 alt portfolio would have outperformed BTC. But importantly, it would not have outperformed ETH. So some BTC+ETH combination would have outperformed the alts again. + +If you bought BNB and ADA here, you would have secured around +5000% profit. But then, how would we have picked just these winners and nothing else? Moreover, one thing to note is that ETC has performed relatively well through out all these phases. But perhaps that is due to ETC being overpriced at the moment. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +D. Recovery of 2019 + +May 19/2019 - present + +1. BTC (8197 dollars -> 34218 dollars): +317% +2. ETH (261.29 dollars -> 2261 dollars): +765% +3. Top 20 alts: +243% + +&#x200B; + +June 23/2019 - present + +1. BTC (10855 dollars -> 34218 dollars): +215% +2. ETH (307.83 dollars -> 2261 dollars): +634% +3. Top 20 alts: +191% + +&#x200B; + +In mid 2019, BTC began its recovery with good news regarding crypto from China et al. Unfortunately, even having a top 20 alt portfolio here would have lost out to some BTC/ETH portfolio. The ongoing message is that it is very very difficult to outperform BTC+ETH. You only win out if you pick just the winners but how do we know this without hindsight? + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +In general, I would assume that 95+% of portfolios will not beat some BTC+ETH combination. Regardless of whether you buy at the top, at the middle, at the bottom of the bull (or bear) market, purchasing BTC+ETH is better than some combinations of top 20 alts. My own take is that if you do want to go for an all alt portfolio, you need to do very good research and only pick a couple of alts. The more alts you have in your portfolio, the laws of average will dictate that you will almost guarantee to lose out to BTC/ETH portfolio. For example, + +\- BTC+ETH+ADA portfolio from 2018 would have been very good. + +\- 100% BNB (line of reasoning: Binance will be king so BNB has massive room to move up) from 2018 would have been massive high risk/high reward move that would have paid off big time. + +\- BTC+ETH+ADA+XRP+Nano+IOTA+OMG+ONT+QTUM would have been bad. Too much diversification means you would rather go BTC+ETH. + +&#x200B; + +People should take caution when they prepare their portfolio. +Hi guys, + +So long story short, I have been dealing with a gambling addiction for the past couple of years. I've probably gambled away $100,000 over that period. I am 25 years old and feel like I've wasted so much of my life because of this addiction. I have taken steps to stop gambling and I am hoping to stop for good. + +I am currently working 40-50 hours a week on a casual contract and get $4000-4500 per month. My hours will likely reduce to the standard 40 within the next three months and my contract will likely change to full-time sometime this financial year, reducing my income. I still live at home with a single mum so I have minimal expenses but I would like to start helping her out financially as she is only working part-time. + +My current debts are: + +CBA personal loan - $45000 @18.9% with minimum repayments of $1675 per month + +CBA Credit card - $8800 @21% with minimum repayments of $250 per month + +Two payday loans - $2500 and $700 + +I'm looking to fully pay the two payday loans as soon as I get paid at the end of the month. I guess what I'm looking for is just some advice on what I can do with the two CBA debts. With my income, I should easily be able to pay off the minimum payments but I guess I'm just scared that I won't be able do things like save for a house/retirement or travel overseas because of the stupid mistakes I made. + +Any advice would be appreciated. +Basically the title. My parents are being really really super stubborn and not wanting to write a will because they don’t believe in it ‘religiously’. They want me to sort out everything if they die. I’m trying to convince them they absolutely should because one of those things is that I would have to pay stamp duty on a house (which I can’t afford). About 350K in stamp duty which I absolutely don’t have. Is this true? The house has 0 debt so I guess it has that going for it but surely my parents are being dumb here. +My mom told me she has 70k CC debt with ~10% interest rate and student loans at idk what type of interest rate. She has not had a job in 20 years. She has a few rental properties and makes about ~1k a month from them. + +My mom has a history of being terrible with finances and I dont have any confidence in her to get out of debt. I am certain these debt numbers are actually worse than what she is telling me. What options does she have to reduce her interest rate/payments? + +I am a single 29 male. I have some money saved up and have a decent job. I theoretically COULD help her out, but I am worried that if I did she would just end up in this hole again on her own... My mother told me she has about 20k that she uses to trade stocks. But shes the type of person to fall for pyramid and MLM schemes easily so I am sure that this is not a good method for her. + +I would guess she has ~100k in retirement savings. +Clearly I am a retard. I am on WSB. But I am a bigger retard in currencies. So here is my question. Why is the Russian currency outperforming the USD? + +Initially it did what was expected, it crashed, but now it is gaining value. It is even stronger than before the war,... + +Thanks guys, also to those who don't help and just give retarded commentary. I know where I am, it is ok ;-) + +https://preview.redd.it/ufmtv2f0oq991.png?width=1956&format=png&auto=webp&s=6f026763def3d62ee4655e9051a346003f8e08b1 +Stop. Put down your phone / Computer for a week. + +Take a walk. Get a coffee. Play video games. Paint art. Hang with friends. Go for a bike ride. Smoke some weed. Drink some beer. Get an escort. Whatever you do. + +Don't let watching the BTC tracker be your life. + + +We need to go down the hill before we get enough speed to climb the bigger hill. +Others get this email just now as well? Particularly the second bullet within the email is alarming: + +Transaction-fee (TF) mutual funds fee. The fee for all TF mutual fund transactions placed online is now $20. + +So, if I sell $2000 of a mutual fund it will charge $20? Wasnt this transaction free beforehand? +I do well in my job that I mostly enjoy (though quite stressful) and bring in around 500k/yr. Unmarried partner has similar income so we’d be more than fine if I quit my job tomorrow. LCOL. + +I was fortunate enough to amass a large stash of crypto a long time ago that I never sold, which has now appreciated well into the 8 figure USD range. + +I’m wondering how income-based capital gains works, because my naive reading of the long term capital gains rate structure is that with my income I’d be paying 23.8% on a sale, but if I stopped working for a year, my income would be negligible and the rate would be far lower. + +But then it occurred to me that the same is true of most wealthy folks, and if it were that easy to avoid capital gains we’d have a lot more idle rich people who deliberately don’t work to avoid capital gains. + +So I’m guessing I’m just missing a key provision in the tax code that makes deliberately lowering one’s income less attractive. Can anyone point out what I’m missing? I’d welcome any other relevant advice too! +Has anyone ever reached fatFIRE then started another company / career and made it to the top a second time? + +I reached fatFIRE a few years ago. I want to do something new and get a few more acheivements under my belt before RE, but at the back of my mind I know I don’t have the same hunger, energy and motivation. + +First time around I put up with the long hours, difficult customers and annoying employees. This time, I’m not sure I have the patience when I don’t need the money. + +Do many people succeed with the difficult second album?! Any tips how to get into the right mindset? +I am in my late twenties at a high 6/low 7 mm net worth. + +While I have the world's best parents, I always grew up in very lame conditions. Spent my first twelve years in the ghetto in a 900 square foot house for the three of us (of which one bedroom was unusable throughout the new england winter). Moved to california and had to live in small apartments, went to college, medical school, work, and stayed in 1-2 bedroom apartments. + +Around the pandemic I no longer had a tie down to my work place/California so I picked up and moved to Parkland, FL which is essentially your Hollywood movie generated dream HOA community (big homes, fancy cars, guard gates, spotless landscaping, resort pools, gorgeous new homes, etc). I could barely handle it and the people around me, made me vomit with their interest in materialistic things and show offyness. + +Relocated to Houston, TX into a nice home (around 3300 square feet), but feels smaller because I dont really go upstairs (master, office, etc are all on 1st floor). I like it a lot more, people are friendly, the food is great, life is great. + +Then I ended up in airbnb in Austin TX this weekend. It was in a supposedly rougher area (nothing severe but homeless near by, untidy streets) that was around 1200 square feet, small backyard; I felt at home more than in my own home. + +As much as I fancy seeing big homes on zillow and other real estate sites, when I actually am in them, its very hard for me to find myself comfortable. + +Im the same way with many other things like cars ( I prefer low cost, simplistic cars), clothing, electronics, etc. The only thing I really spend money on is business class while flying because my height doesnt let me sit in economy comfortably. + +Does anyone else find that old habits die hard and even with accumulating wealth, its very hard to upgrade your life style and be comfortable/ you prefer simplicity? +This topic has been discussed before in ["is real estate necessary"](https://old.reddit.com/r/fatFIRE/comments/kowzat/is_real_estate_necessary/), ["getting into real estate"](https://old.reddit.com/r/fatFIRE/comments/mmbl9i/getting_into_real_estate/) and probably more. However, in this post I want to ask a more fundamental philosophical question. + +I am currently inspired by Ben Felix's videos on Real Estate + +* [5% rule](https://www.youtube.com/watch?v=Uwl3-jBNEd4) +* [The case for renting](https://www.youtube.com/watch?v=UuAZ4M9f_sM) + +I have two houses right now. living in one and renting the other. Hassle of renting has been very real. Especially across the U.S. coasts. + +The case for real estate is of course getting 1:5 margin loan with a fixed low rate that can hardly default. You can also write off interest and depreciations. Some real estate such as Bay Area have been phenomenal investments. + +I'm thinking of selling my rental property and go all in Boglehead kind of portfolio so I don't have to worry about tenants leaving or roof needs replacement. + +**my finances** +I'm working for a post-IPO company. ~$1.7m stock. $600k equity in rental property. $400k in my home. Annual income for the next 3 years ~$1.5m. On track to have about $5m NW by 2023. Not planning to retire anytime soon. Age 34. +Throwaway for non-identification purposes. + +I'm hoping for some input from people here who have been in similar positions during their career. + +I'm a software engineer in my mid 20s considering a move to a small startup of a single digit number of employees. The company in question is early-stage, pre-Series A startup. + +The founders (intelligent PhDs from the top universities) claim that the startup is very well positioned to be worth something to a lot in relatively short order. I went over the financials with one of them, and the claim seems credible. Regarding finances, they're already cash-flow positive with a multi-year runway. They're working with industry leaders and the word "distruptor" was used at least once during my meeting with them. In short, success seems likely. + +If I do accept an offer with them, I will be asked to choose how much of my compensation I wish to be paid in the form of equity. I have essentially three options: high, medium, or low equity. On one hand, I see the risk of weighting my portfolio too heavily with equity in one company, especially when that company is also the provider of my employment. On the other hand, joining this company would essentially mean that I am in on the ground floor as one of the first employees. The payout if/when a liquidity event does occur could be very substantial. + +So my question, assuming I wish to accept an offer with this company, is whether I should choose to maximize or minimize the portion of my compensation that takes the form of equity. +Mods, is it possible to start banning posts that are just 2 sentence questions? Too often I see something like, + +>BNGO? +> +>Still a good buy? + +as its own post. + +Rule 3 is regarding low-effort posts/content, and that's eeeevvvverrrywhere. + +&#x200B; + +I'm all for asking questions and discussing, but it seems as though every other posts is nothing more than a question that does nothing for the furthering of the community growth. My understanding is that the hope is to discuss freely, sure, but when posts are just questions people ask to reaffirm their own bias, rather than asking about specifics, it seems odd. +Hi everyone, + +I’m 27F and feel like I’ve had this weird feeling flood over me since having a daughter a year ago, like my priorities have shifted. I used to be extremely FIRE focused (and still am), but I’m starting to think I’m fixated on the wrong things. + +At this point, my husband and I are debt free and have about $250k in investments, $25k in cash, and $100k in home equity. We consistently max out all of our retirement funds ($60k/year) and put an additional maybe $15-$20k away a year. + +I am the main breadwinner with a job that offers a lot of flexibility (anesthesia assistant). I could realistically make 130k+ working part time at 32 hours a week (no call/weekends/holidays), bringing our salary to about $170k and still allowing us to max our retirement accounts but wouldn’t allow for any additional saving. This would allow ample time to spend with my daughter and family, which I feel is the most important thing in my life. + +At the same time, I’m young - at 27, these are really the years to shovel money into retirement accounts and not necessarily the time to work part time. But then I also feel like what’s the point of retiring at 40-45 when I could enjoy my youth and baby girl now. What would you do? Thanks for the insight! +I’m a 26 year old long term investor. My Roth IRA and taxable account are 100% VOO. + +The total balance between the two is currently just over $42k. + +I don’t plan on cashing out anytime soon, not until at least 25 years I’m assuming. + +I’m a beginner when it comes to investing, yet from what I’ve read I think I have the right idea. While my plan isn’t perfect, supposedly it’s a great long term plan compared to many. + + +I have a physical job and dream of one day just not having to work anymore + +I’ve seen that $100,000 is a “magic” number to get to, as far as when the returns start to really get noticed thanks to it being a high amount (at least to me). As far as how 10% of $1 is a measly $0.10. 10% of $100 is $10. Etc, everyone knows the higher amount the better. The sooner the better ideally. + + +Literally doing nothing and making over $10k and even more just seems incredible. + + +Those that are there, what’s it like? + +When will you be able to live off of it despite any downturns? + +I’m thinking if someone has $1,000,000 and it drops to $800,000….big deal? + +Obviously it’s noticeable but I mean if they spend $50k per year, that’s plenty of time for it to recover and continue to grow. + + + +Is anyone out there doing this? + + +Any advice for someone relatively young? +I continue to see this come up in the forums, for any new comers here, you’re able to buy pieces of bitcoin. Please don’t be deterred based on it being a steep entry point. + +**Note**: Keep in mind that all currencies offered on coinbase are the same in this regard. + + +* Original removed as if asked for visibility based on upvotes. +* Side note: I used Pieces instead of fractions for a reason, for the newcomers, it sounds a little more appealing. For everyone commenting that they are fractions, yes, I know and thanks for the comment. + +I'm FIREing next month with \~$10m in equities, bonds and cash and a \~$250k withdrawal target. (see [my intro post](https://www.reddit.com/r/fatFIRE/comments/ai0qdn/suddenly_fireing_ahead_of_plan_first_post_intro/) for more). What tools and strategies do you use for budgeting? + +* For tools do you use a spreadsheet template, finance software (ala Quicken) or a website service? Do you think there are notably different needs for FatFIREees vs FIRE or even small business budgeting tools? +* On strategy my wife and I view budgeting differently. She sees it as basically one pile of money on the asset side and on the expense side we look at historical actuals and go from there. +* My budgeting idea is to project forward running estimates by category for predictable expenses (taxes, insurance, utilities, health care, etc). These would be informed by historical actuals but I also want to create specific reserve accrual buckets for variable expected expenses like home repairs, car replacement, etc. Basically anything we expect to be more than \~$5K-ish annually. Every month budget would be accrued per category. Then as the expenses occur we'd adjust future accruals against actuals to get better trend projection through successive approximation. +* She doesn't see her approach and my approach as much different, except mine is just more work. She says, "we're both historically known to under spend and be excessively prudent. We're going to spend what we spend and adjust discretionary spending based on how we're doing. Let's just keep it simple and go by what happens to the asset and expense piles." I see our approaches as different, at least psychologically, and potentially a way to get increased accuracy while also maybe feeling better about variable things that come up since they are already mentally accrued. How do you think about it? +Hi, i’m new to this subreddit, but I don’t know who or where else to go for my situation so I thought I give this sub reddit a try, + +So just some background information about me: I’m 19 years old and work at a grocery store part-time for $10/hour, and go to school full time, 13 hours a week. I was on my parents medicaid (medicare?) for the past year and was under the impression that I was still covered by it. Ive been dealing with stomach problems and fatigue at work, so I went in for a colonoscopy a week ago and my doctor is 99% sure I have Crohn’s Disease. They gave me a call and want to follow up with a CT/Scan to confirm it and so that they can start medicating me; however, in doing that they realized that my insurance was no longer active, and they started freaking out asking me when I could get it renewed because I wasn’t covered during the colonoscopy. + +So I went to the Social Security Office, and asked them if I could get medicaid (on my own behalf). I made $440 in September, which was apparently too much because I had to make $420 to qualify. The social worker started going on about some kind of $3000 medical bill deductible I could do to get insurance, but the problem is, is that even if I wanted to, I don’t make $3000 in a year, so thats’s out of the question, plus I’m finding it harder and harder to work, as I’m getting more and more fatigued from my intestines not digesting stuff properly, so I cant work as much. + +I have no idea what to do, I’m in a medical/financial stalemate, and need medication before I can finance myself, and need finances before I can get medicated. + +I have no savings, and live check to check just to stay afloat in school. My parents are bankrupt, and I can’t ask any of my family for money. I don’t have a credit card, and haven’t started building credit yet, so that’s out of the question too. + +Edit: I am very frugal with my money, I live with a roommate, and only spend money on bills, gas, and I plan out each of my meals, and how much each one costs me. $440 a month is barely enough for me to scoot by let alone pay any bonus medical bills + +I’m lost, can anyone help me? + +Final Edit: Thank you all so much for the kind responses, the general vibe I got was to try in any way to get health insurance ASAP (preferably one without a big deductible). It pains me to wait for another month but I think that lowering my income and reapplying for medicaid/ACA is my only real option at this point. If I remember to I���ll try to update this thread in the future with how things turned out. I love you all, have a happy Thanksgiving and Christmas! +[https://www.afr.com/property/residential/how-to-tell-when-house-prices-will-hit-bottom-20220628-p5ax9s?utm\_content=making\_news&list\_name=EBE726C6-38DF-4725-9BE4-5091999D8384&promote\_channel=edmail&utm\_campaign=the-brief&utm\_medium=email&utm\_source=newsletter&utm\_term=2022-07-08&mbnr=MzA0MDYyMjI&instance=2022-07-08-12-40-AEST&jobid=29399692](https://www.afr.com/property/residential/how-to-tell-when-house-prices-will-hit-bottom-20220628-p5ax9s?utm_content=making_news&list_name=EBE726C6-38DF-4725-9BE4-5091999D8384&promote_channel=edmail&utm_campaign=the-brief&utm_medium=email&utm_source=newsletter&utm_term=2022-07-08&mbnr=MzA0MDYyMjI&instance=2022-07-08-12-40-AEST&jobid=29399692) + +&#x200B; + +Interested to hear from the doomsday preppers why circumstances this time are materially different from previous drops in pricing (and subsequent recoveries). + +Whilst I recognise past performance is not an indicator of future performance, historical trends really do suggest this mass media focus on house prices drops is really a storm in a teacup. +To what degree are they successful? FI/ER? + +I am curious because the majority of my customers that actively trade, are complete morons who rack up commissions and would be better off holding long. +Non-fungible tokens are dominating headlines, and I believe this NFT Craze is only going to get bigger and bigger + +Discussion for the day. Feel free to discuss NFT related stocks you’ve been trading or watching recently. + +Few NFT related Penny stocks: + +$PONGF $ZKIN $CINGF $UAMM +This is the amount of business that backpage.com receives in ad revenue annually. + +American Express, Visa, and Mastercard have all severed their relationships with Backpage.com as of today. + +Their only accepted payment method is now Bitcoin. +Wasn't sure where to post this, but I know r/investing was interested in this scandal, and considering the stock is down 10%, I expect it to fall more since their revenue will take a digger. +I've only been trading with real money for about a month, but I read something a few months ago, while doing my research, that really stuck and I wanted to share. + +As investors, we often look at the moves we've made and judge ourselves on what we missed on or what we hit on. This is part of growing and learning as an investor. + +But the thing that many people forget is the **almost** trades. Those trades that we got close to pulling the trigger on, but didn't. Whatever that reason was, we all have moves that we almost made but *something* made us pass on it. + +#Write them down.# + +Record every trade that you almost made, or considered making. Record the date, the current value, and the reason you didn't make the trade. + +This has been very valuable to me in my first few weeks of trading. We all look through our portfolio and our trade history and think, "man - if only I held this longer" or "I really messed up buying this on the rise". But what we often forget is to give ourselves credit the the decisions we made that there isn't a history of on our chosen broker. For every single regret we have as traders, there is a dodged bullet that our gut, training, or education helped us avoid. On the flip side, there are also those securities we saw a post about, or noticed while browsing that sparked something in us but we hesitated on. Those ones that have been nothing but green since then and we are regretting. + +If you don't record the moves you **almost** made, then you're missing out on valuable person growth information that can help you become a better trader. Write down every move you almost made in a notebook and look back every once in a while. The more you write at the time the better. + +Hope this can help others as much as it's helped me. Good luck y'all! +I've only gotten into crypto in 2020, so I haven't been around the last big bull run in 2017. I therefore don't really know first hand how a transition to a bear market looks like. Sure, I know how BTCs price tanked and recovered again over the years, but what about alts? + +"Almost all alts die in bear markets" or some variation of it is repeated on here again and again, especially now that many expect a bear market around the corner. So I wondered: is that actually true or is it exaggarated and repeated by people who either can't remember it exactly or, like me, never experienced it? + +I wanted to find out. So I took a [historical snapshot](https://coinmarketcap.com/historical/20171217/) of the market almost exactly 4 years ago, at the top of the 2017 bull run, scraped the data of all coins in the top 200 back then, and then scraped current prices for these coins. [Here's a quick and ugly visualization](https://imgur.com/a/EVh7N0i) how the prices of these coins developed in these for years, sorted by rank in 2017. Here are some of the main results: + +* 31 out of 200 coins are now worth more than 4 years ago +* 95 out of 200 are worth less than 10% of what they were worth back then +* 33 out of 200 are worth less than 1% of what they were worth back then +* 18 out of 200 are not tracked by CMC anymore (Bitconnect is not one of them, so that means they're DEAD) +* there definitely is a correlation between market cap back then and performance, those outside the ~top 70 were far more likely to die than those inside - even though many top coins also lost a LOT of value +* ~~AAVE is the best performing coin in this time frame, it is now worth 2583 times as much as back then~~ **EDIT:** no it isn't, it "did a redenomination 100x, so that 2528x is actually 25.28x". Thanks u/petanibulan . The real best performing coin is BNB, which is now worth 98 times as much. AAVE still did great, though. +* XLM is the best stablecoin! It's now worth 1.003 times as much as 4 years ago + +So what's the conclusion? Well, I guess many coins from the last bullrun indeed died or at least lost the vast majority of their value since then, but by far not all of them. There is a lot more money in the market now than back then, so sure, it might be different, but most likely many projects will die again once the bear market starts and projects will be replaced by newer projects in the next bull run. But hey, maybe you're holding this run's ~~AAVE~~ BNB! + +Edit: as some of you have criticized that I'm comparing to the top of the market, I compared it to the bottom of the bear market (after which the bear market still continued for quite a while) as well [in another post](https://np.reddit.com/r/CryptoCurrency/comments/rdyv7i/if_you_bought_at_the_bottom_of_the_last_bear/) +Alright retards, I've seen a big influx of new members here throwing away money on investments they know next to nothing about. This is meant to be a basic introduction to options prices. I am not a financial professional and this should not be misconstrued as investment advice. + +This will probably be long so **TL;DR:** Stop throwing away your money and learn about what you're buying. If you don't want to read [mike and his whiteboard](https://www.youtube.com/watch?v=kmQ20J_3K7Q&list=PLPVve34yolHY43YaBegHMzN9WjrTnQfFr&ab_channel=tastytrade) is a good resource (I am not affiliated in any way). + +Initially wrote this at the end but I think it's better at the beginning: +**Practical Applications, General Advice** +- +General pointers for the newbies. Most of the option trading shown on WSB is OTM naked calls or puts with expiration < 3 weeks (*FDs*). **These are like lotto tickets and are not considered responsible investments by anyone, including us. They are retarded and we know it. You should know it too before buying.** Theta is usually insane and probability you make money is slim. On the flip side, selling these options is sometimes considered ok but is often **referred to as picking up pennies in front of a steamroller** due to the low return for high risk. If you want to preserve your hard earned money, make responsible plays. With options that usually means **~3 months minimum expiration, and strikes somewhat close to the money, if not in the money.** Consider the implications of IV in your trades, and make sure you understand the mechanics of the options before opening spreads. + +------------- + +Options Basics + +An option is a contract that gives you the option to buy (**call**) or sell (**put**) 100 shares of a stock at a certain price (the **strike price**) at or before a certain date (the **expiration date**). Options are priced **per share**, so a call with a listed price of $1 will cost you $100 total for 1 contract ($1 x 100 shares). For American style options (what most of you are trading) you can exercise at any time before the strike price, while European options (which are sold for major indices on American markets) can only be exercised on the expiration date. That doesn't matter too much for our purposes but I'll get into that later (EDIT: I never elaborated. This is really only important for [box spreads](https://www.investopedia.com/terms/b/boxspread.asp#:~:text=A%20box%20spread%20is%20an,strike%20prices%20and%20expiration%20dates.). They aren't allowed on RH and have their [own history here](https://www.youtube.com/watch?v=3zW86yXg7RM&ab_channel=MHFIN). Don't bother with them). + +Options have both intrinsic and extrinsic value. **Intrinsic value** is what that option would be worth at expiration. For example, if you have a $60 call in gamestop, and gamestop stock is at $65, your intrinsic value is $65-$60 = $5 (the difference your strike price vs what price you can sell it on the open market). An option will only have intrinsic value if it is **in the money (ITM)**, which means price is above strike for calls and below strike for puts. **Extrinsic value** is the time value of the option, and will vary based on the **implied volatility (IV)** of the option. The definition of implied volatility is complicated and tends towards circular logic if you apply it practically, but generally it can be thought of as how much options traders expect the underlying to move. If the stock moves a lot, IV goes up. If there's a big event, like an earnings report, IV goes up. If that earnings report passes, or the stock stabilizes, IV goes down. IV varies greatly depending from one stock to another and can change drastically depending on numerous circumstances, but as a generalization anything < 30% IV could be considered low and anything > 100% IV could be considered high. **Out of the money** options (price below strike for calls and above strike for puts), have value that is entirely extrinsic- for that reason they tend to have larger percent moves than ITM options. + + +Greeks + +The greeks can be an intimidating topic but are extremely important if you want to trade spreads (more on this later) and I would argue anyone buying options should have a basic understanding of the greeks. This will be geared towards average/wsb investors, I'm not going to get into the other greeks here because they usually aren't as important for our purposes. + +**Delta**: How much the option price will move relative to moves in the the share price. Positive for calls and negative for puts. It ranges 0-1, delta of 1 is equivalent to holding 100 shares, delta 0.5 is equivalent of holding 50 shares. Simple enough. This will increase as you are in the money and decrease if you are out of the money. An at the money option will typically have 0.5 delta, a far ITM option will have delta close to 1. + +**Theta**: How much time value the option will lose per day. This is >0 (technically <0 if you are short, more on this later). A theta of 0.1 means the value of the option will lose $0.10/share/day, or $10/day. Theta increases as the expiration date becomes closer, so an option expiring this week will lose more money/day than one expiring next month (given same strike). For options of the same expirations, it will typically highest at the money and decreases as you move further ITM or OTM. [EDIT: Corrected] + +**Gamma**: Rate of change of delta. This represents how much delta will change as the stock price moves. This is highest for near the money options and lowest for far ITM or far OTM options. + +**Vega**: Change in option price relative to on change in IV. High vega means the price moves a lot with changes in IV. This will increase with the amount of time left on the contract (more time = higher vega) and is typically highest at the money strikes and lowest for far ITM or OTM strikes. + +Buying/Selling Options + +Just like stocks you can buy or sell individual contracts. You can also create positions that combine both long and short options, these are known as spreads. Individual contracts are fairly easy to understand and trade, though they typically come with higher risk and higher reward than their spread counterparts. + +**Long vs Short:** You can buy or sell options. Buyers can sell or exercise their contracts to close the position. Buyers need the stock price to move for their position to profit. Shorts can buy to close or wait for the option to expire. They will profit if the price stays the same (from theta) or moves in their favor. Increases in IV will help longs and hurt shorts, decreases in IV will hurt longs and help shorts. + +**Calls:** Bulls buy calls. Their maximum loss is the initial cost of the call, their max profit is uncapped. They lose theta. Bears can sell calls (**naked calls**), their maximum loss is unlimited and their max profit is the initial price of the call. They gain theta. + +**Puts:** Bears buy puts. Their max loss is the initial price of their put, their max profit is the strike price (stock can't go lower than zero), they lose theta. Bulls can sell puts (**naked puts**), their maximum loss is the strike price of the contract (stock price can't go below zero) minus the initial cost of the contract, their max profit is the initial price of the put. + +**Spreads:** Combination of a buy and a sell. These come in all different forms and allow all sorts of strategies that are impossible with shares or naked positions. In general there are **credit spreads** which is when you sell the spread and receive money up front, and **debit spreads**, which you buy the spread pay up front. When constructing spreads it's useful to know that the resulting greeks will be the sum of the greeks from all the contracts in the spread. So if you buy a call with delta 0.5 and sell a call with delta 0.25, your overall delta is 0.5-0.25=0.25. I'm only going to cover a few here because I'm getting tired but just know there are a ton of options trading strategies out there. + +**Vertical Spread:** Buy and sell different strikes at the same expiration. For example, if I'm bullish on GME I can buy $60 calls and sell $65 calls for 1/29 (debit spread). The cost of the $60 call is offset by the $65, but the profit is capped at $5 per contract. Theta is lower (and can be negative) although delta and gamma are also lower. It's important to note that when the position is ITM, the overall spread price will be less than the intrinsic value of the spread due to the extrinsic value of the short leg (until you're insanely far ITM). For example, that $60-65 vertical spread will be worth <$5 even if GME is $75. The price of the spread will approach its intrinsic value as the remaining time on the contract approaches 0. I can also sell a vertical spread (credit spread), I will receive the difference in value of the two contracts and will need cash collateral to cover the difference between the strikes. For example, I can sell a $65 put and buy a $60 put. Since the $65 put is worth more I receive a credit (lets say $200), then I also need to put up $300 in additional collateral. If GME goes above $65 I can wait for the contract to expire useless or buy it back for cheaper than I sold it. If it goes below $65 my loses are offset by the $200 credit. If it goes below $60 my losses are capped at $300 by my long put (I buy shares at 65, sell at 60) and initial credit received. + +**Iron condor:** Combination of two OTM vertical spreads, typically of the same width. Most people trade these short, the nice thing about that is your collateral can be shared between the call and put side, because there is no way for both sides to be ITM at the same time. If you're short you make money if stock price stays the same or if volatility goes down (basically the same thing). + +**Horizontal spreads:** Buy and sell the same strike at different expirations. AKA calendar spreads. Most useful for betting on changes in volatility. A long calendar spread (sell close expiration buy long) will be long volatility, a short calendar spread (buy close expiration sell long) is short volatility. You can also use this strategy for earnings plays, when you know the short dated options will lose more volatility than long dated options. These are most valuable near the money and will lose value as they go farther ITM or OTM. For this reason some traders will incorporate both OTM puts and calls into these positions. Calls are delta neutral at the money, slightly delta positive OTM, and slightly delta negative ITM (reverse for puts). + + +That's all I have the energy for. Feel free to ask questions. Good luck out there. + +Positions: GME shares 🚀🚀🚀 + +EDIT: fixed a couple mistakes and added rockets. + +EDIT: [Another post in case you're interested in learning more.](https://www.reddit.com/r/wallstreetbets/comments/k2a2j8/options_explained_a_quick_beginners_guide/) +EDIT: Fixed differences in theta at same expiration. Clarified call/put vs naked call/put. +https://www.cnbc.com/2020/08/04/microsoft-reveals-more-details-about-its-xcloud-game-streaming-service.html + +Cloud gaming will integrated with the Xbox Game Pass app on Sept. 15, allowing users to jump into a game from their smartphone or tablet. + +Players will be able to choose from a selection of over 100 games at launch, including "Destiny 2," "Gears of War 5," "Grounded" and "Halo 5." + +The ability to play games from the cloud is a concept that's gathered increasing momentum in the $150 billion gaming industry. +[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/) +So today I was going to get my brake pads changed because they were squealing and I didn't feel like changing them myself because today's my only day off. Turns out over time there were problems with the discs that the dealer told me when I got the car that the problem was nothing and I would be completely fine the way it is. Turns out the rust and problems the discs had have led to holes being put in my discs and causing pretty much every part of my brakes on all 4 tires to need to be changed. I was quoted that it would be between 750 and 1000 dollars for parts and labor. + +My current job is I'm a delivery driver and I have to work tomorrow so I can't just try and do it myself tomorrow and no one can cover shift plus I really need the money but don't want to drive on the road with an unsafe car any longer. if I could I would just trade the car in towards a new one but I still owe on it about what the car is worth. I'm 18 with little to know credit built up as well and can't really afford 2 car payments a month. I already planned on buying a cheap Honda Civic from a friend later this month to use as a delivery car but I can't wait that long now nor would I have the money after this repair, as well as I would be having to decide what bills to pay and what I can live without this month and probably live off ramen. + + Neither of my parents has the money to help me either nor do either have a spare car or be able to lend me theirs for this week. The last option I have is my grandma is talking about me and her putting money towards a truck because she wants me to have one to help her out by moving stuff for her and helping her clear out her house so she can move but don't know if it would be best to just go buy a truck tomorrow and hate having to ask her for anymore help than she has already given me. I'm trying to weigh my options and decide what to do tonight if anyone has any advice to give it would be very appreciated! + +Edit 1: it's an 08 mustang, and hoping tomorrow to be able to take it to a family members shop so I can assess the damages myself. For tonight got an hour or so before work asking around about borrowing a car for tonight. +Both stocks have very good past performance with double digit revenue and profit. Both look set to grow with the cashless society looming. Thoughts on these? +[Amazon acquires Whole Foods, KR down 11 &#37;, COST down 8&#37;](https://www.cnbc.com/2017/06/16/amazon-is-buying-whole-foods-in-a-deal-valued-at-13-point-7-billion.html) + +[Amazon acquires PillPack, CVS, WBA, RAD all down +11&#37;](https://www.cnbc.com/video/2018/06/29/amazon-pharmacy-pillpack.html) + +[Amazon considers making its own networking switches, CSCO down +4&#37;](https://www.reuters.com/article/us-amazon-networking/cisco-sinks-on-report-amazon-wading-into-networking-equipment-idUSKBN1K32L4) +My mother owns our childhood home, where she lives by herself after my dad’s passing. + +Single family home: 2,100 sqft, 4 bed 2 bath, built in early late 1990’s. Neighborhood zip-code: 95382. The home is valued at about 530K. + +The home is just to big for 1 person to be living in. My mom wants to purchase a smaller home that she can live and retire in. + +My questions is, what should she do with the home? The only two options would be to sell or rent, what would be the benefits for her to do either-or. Tax pros & cons, etc. Are those the only two options? + +What are your guys thoughts. Thank you in advance. +Hi all, + +I'm buying a car that I found on car sales for about 30k. I've been wondering how I can securely structure the transaction without having to trust a stranger. + +Do I pay after the registration has been transferred? Or will the seller want evidence of payment before the rego is transferred? + +Would appreciate any tips people have from past experience. + +Thanks +I was trying to find decent coins on DxSale and came across this gem. The telegram group was chill, dev posting pictures and videos of him barbecuing brisket and showing off his mullet lol. After getting absolutely bent over with the massive BlazeCoin rug, I was about to throw in the towel with community on these coins..but I'm honestly impressed with this one. + +Once the soft cap was met, the hard cap was filled in minutes. The launch price is the same as the presale price and AFAIK there aren't any sniper orders queued according to PC. There was a 1 BNB limit on buy to try and prevent pnd whales. + +Here are some insights directly from the website: + +MulletCoin is a brand new cryptocurrency that is centered on the mullet hairstyle and building a solid community. + +Tokenomics: 4% redistribution 4% added to liquidity pool 2 custodial wallets (1 for charity, 1 for marketing). Both will hold 4% of total supply from the beginning and will never go under 4%. + +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xC8A32aE7E8D662d7a70707cA405AAbfBD7C79418 + +Website: https://www.mulletcoin.club + +Telegram: https://t.me/MulletCoinClub + +Chart: 0xc8a32ae7e8d662d7a70707ca405aabfbd7c79418 + +Roadmap: + +Q2 2021 - Conceptualization and Launch -Grow Mullet -Website Development -Mockup Merchandise -Grow longer Mullets -Apply to smaller exchanges -Aggressive marketing + +Q3 2021 - Launch of first Mullet merchandise-Listing on bigger exchanges + +Q4 2021 - Tuck mullet into front shirt pocket and prepare for Partnership/Sponsor Selection* + +Q1 2022 - Our mullet is so long you could climb it like Rapunzel. Mullet meet app development Re-asses and re-evaluation of marketing techniques. + +Q2 2022 - Brand expansion-Advanced marketing avenues conceptualization. + +A small bio from the doxxed dev from the website (he has a video talking about the coin pinned in the TG) + +Hey fellow mullet enthusiasts! My name is Brandon and I was just tired of rugs so I decided to celebrate the only rug I love, the one on my head. If anyone would like my complete professional history, set up a time to grab a beer, or just want to talk about our 97 Camrys, all you have to do is hop in the Telegram and I or one of my admins will do everything we can to answer your questions. + +This Coin has great potential! Chill community, fully doxxed team from USA , combined with meme potential and donations. Presale had 1 BNB buy limit. Launch price is the same as the presale price. Launching to PCS in 6 hours, still early! + +Disclaimer - I'm not associated with the core team of this coin. I simply found this coin on DxSale and wanted to share a potential meme gem with the community. +They're giant fucking pussies. We're jokingly mean to each other 99% of the time. We say really jarring and intense shit. Now these pussies come in here and bash us for using a bit of naughty laguage. + +I guess you can't make it through college these days without being brainwashed. + +Edit: theres actually someone IN THE COMMENTS SECTION complaining about it being "fucked" that we call ourselves autists. THAT IS THE PROBLEM. Fuck off and die. +Title says it all basically. I'm really tired of the corporate grind. I live in a HCOL city and I'm 2 years away from FI if I immediately move to lower COL city once I hit the magic number, or probably a decade away from it (unless one of my side businesses/projects takes off) if I want to stay here. Both these estimates assume ~7% market growth and no recession... big if. + +I'm so, so tired of working a 9-5. And my biggest fear is that, right at the cusp of FI, a recession hits and suddenly I'm several years away from it and I've got to sacrifice more of my finite years on Earth to the office. + +All this is to say, I fear loss much more than I desire gain, and that sequence of returns risk is what keeps me up at night. If my portfolio were to just keep up with inflation I'd still hit the lower cost of living FI in ~4 years (though that assumes no layoff type event). + +My portfolio is currently 80/20 stocks/bonds, and I'm seriously considering moving to a portfolio to hedge my downside, even if it limits my gains--one like Ray Dalio's All Seasons, for instance, or maybe doing something like 40-60 stocks/bonds. + +The tldr of the ERN's safe withdrawal rate series is: after hitting FI, use a 3.5% withdrawal rate and immediately bond tent to 60-40 stocks/bonds, switching over to 100% stock over a ~11 year period to avoid sequence of returns risk (e.g., a market crash the day after you retire). + +So I was thinking, move over to a conservative portfolio now until I hit FI to hedge the risk of a recession within the next 2-4 years, and then once I hit FI go to 60/40 stock/bond and follow that plan of switching to 100% stock over a decade. + +I realize I'm contemplating this in a state of fear which can result in emotional decisions and poor choices, hence me posting here. Is my thinking wrong? Would I be making a mistake to drastically reduce my upside at this point? + +**EDIT: Haven't really been able to respond to much due to a 22 hour marathon of working (as I said, I'm ready to quit!) but I have been reading all the responses.** +Right now my wife and I are on track to retire well and on time, but not early. However, I have a baby. I want him to one day have the freedom to not have to worry about money; study what he finds interesting, have a job he enjoys or no job at all for a while, etc. Any advice specific to achieving FIRE not for yourself, but for your child? + +Right now my plan is to educate him well on financial issues (the kind of education I never had) and teach him to appreciate a lifestyle that includes frugality and avoiding excessive consumption. Instead of sheltering children from money conversations like our culture encourages, this kid is going to understand compounding interest, mutual funds, 401k, etc. My biggest worry would be he takes any inheritance he gets and simply spends it (or his future spouse does). + +What's the best way to transfer wealth to a child over time? Should I start gifting him money when he turns 18 to invest in his name? Should I start a 529? + +Our numbers: 40M/38F, joint income $120k, current retirement savings about 300k. House worth 220k will be paid off in 10 years. Recent healthy raise on my end allows us to put away extra savings while maintaining current lifestyle. + +Edit: Thank you, everyone, for advice. Y'all are awesome. +In a note released Thursday, they said “we are unsure where this forced selling might come from,” though they have some ideas. The analysts said they see risks that could arise from mutual-fund outflows, the unwinding of positions held by hedge funds, and the deleveraging of risk-parity strategies that were put in place to help investors diversify risk across assets. +Hello all, + +I and my immediate family find ourselves in a new, scary and sad situation. My father passed away last week due to heart complications (he recently had to undergo quintuple bypass surgery, everything looked great after but he passed suddenly 6 days after. My father has always been the primary bread winner in the family so this is where things start to get scary. + + + + + +A little current backstory, I am currently 27 and at home (yes I know how terrible that sounds) but it was by the good graces of my father that I was there. I tried to move out to Colorado late last year, but for a multitude of reasons it did not work out and had to move back. I was looking for a decent job to save and move out and 3 months ago finally got one and things were looking up. + + + + + +My sister of 24 recently became a registered nurse and was at home going to school preparing for this. She just started her job this week and the plan was very much the same, save up and move out. + + + + + +My mother has not worked in 8 or so years as there was never a need to as my dad made around 80k a year. She has also never done their taxes, never took care of any bills since my father was very much the “don’t worry about it, I’ll handle it” type. + + + + + +We always lived comfortable, never really requiring to pay much besides our own bills (car payments, cell phone, our part of insurance ect). + + + + + +With my Fathers passing, I have to step in to take control and make sure we do not come out of this in a bad position. + + + + + +Luckily this month’s bills and rent were paid and my father wrote down account info for the various bills that we had. + + + + + +In the bank right now my father has around $4000 (it would be around 6 but the funeral parlor costed quite a bit even with cheapest options). + + + + + +I did the numbers on bills and rent, and it comes to around 2,300 to 2,400 depending. About $250 of that are payments towards balances so will not always be there. I will also be speaking to the cable company about the package we currently have to get a lower one. + + + + + +Rent is $1150 (we’ve been in our 3 bedroom apartment for a very long time, so the owners are a bit lenient in that they haven’t raised rent on us for a very long time) + + + + + +With my Dads life insurance policies and HSA account payout, we will be getting around $243,000 + + + + + +The HSA money will most likely be used for the Hospital bills, my Father also had a good plan (he worked for a health benefits company), so I believe he said it would end up being around 5k when all is said and done, which is basically what is in the HSA. + + + + + +His 401k was taken out and used to pay for my sisters schooling, so there isn’t really anything there. only about $170 + + + + + +From what I have seen, the payouts can take some time but with my sister and I we should be able to cover the next two to three months of rent+bills without issue. + + + + + +Luckily both the Cars my parents owned were paid off, and there isn’t really much in the way of credit card debt (at least I don’t think so, I could be totally wrong on this. There is a $1,300 balance remaining on a Paypal account, a $4,000 balance remaining on a Dell credit account, and a $3,000 balance remaining on a credit card. + + + + + +My father did not get the taxes done yet, but I do have his W2. I have done my on taxes since I could (they have always been very , very simple) so I would imagine given I don’t know what was involved in my fathers and with his passing, going to a professional would be the best course of action. + + + + + +I know a few things we cannot move forward on until we have the official copies of the Death certificates. These should actually be signed today if all goes well. + + + + + +I realize my mother will now need to start looking for work, but is there anything specific we should do to make sure this does not turn really ugly? I don’t know that she can get anything super amazing unless very lucky. She has been out of work for a while and never really did anything towards a career. + + + + + +Should the balances be paid off right away once the insurance money comes in? Should the taxes be done before the insurance money comes in? I think I remember reading the 401k would be effected but not the insurance payout, but I am not sure. + + + + + +I myself currently only have $3000 in the bank (the move used up all of my funds) and my sister has nothing put away but will be making more money than I at her job) + + + + + +I know these are very general questions, but there is a lot that is new to me since I now have to “grow up” to put it harshly against myself (totally deserving of it) + + + + + +I also know this is a lot of info, but I wasn't sure what all would be needed so tried to include as much as possible. + +Glad to see articles like this on the BBC, it has to be more widely distributed that you just have to save a hell of a lot more than people seem to realise to get a decent pension. £50 a month just won't cut it + +http://www.bbc.co.uk/news/business-38609422 +Crypto addiction doesn't get the attention it should in my opinion. Especially in this subreddit I have seen many threads/comments that show signs of an addiction. Around 1% of crypto traders develop a severe addiction while 10% experience problems related to crypto trading. And I would dare to say that these numbers are still pretty conservative. + +One of the most important reasons why crypto can be so addictive is of course its extreme price volatility. Some fast gains, chasing the next high and leverage trading can all be very addictive. At some point we should stop speaking of investing or trading and start speaking of gambling. + +You can read more about crypto addiction in [this article](https://www.familyaddictionspecialist.com/blog/staring-at-charts-bitcoin-and-cryptocurrency-addiction) while [here](https://castlecraig.co.uk/help-advice/guide-to-cryptocurrency-addiction) you can check if you are in danger and how you can seek help. +The book makes many interesting arguments, including: + +- Property never increases in value. Property depreciates and needs to be maintained. It is only the land under the house that appreciates. + +- Housing prices have increased roughly 200% since 2000. Record low interest rates have accounted (by his math) for a 72.5% gain in those housing price. (The book is written in the context of Canada). + +- Every homeowner is paying rent. A homeowner pays rent on the money borrowed from a bank (mortgage), and after the mortgage is paid off, there is an implicit rent. Implicit rent referring to the opportunity cost of having, for instance, $500,000 tied up in a house when it could earn you between $1,700 to $2,500 per month. + +I thought this last bullet was interesting and was curious to see if the FI community agrees or feels like he is misrepresenting homeownership. + +P.S. I don't have own a home so I am limited inn my ability to make an informed decision. Also, the book is written with a heavy bias towards renting (the book is called 'The Wealthy Renter') + +Thanks all + +EDIT: Lots of comments and discussions. I like that! + +EDIT 2: To clarify, because this keeps coming up. If you sold your house and invested your $500,000 at a 4.8% RoR, you would make $2,000 per month in income, but you would then pay $2,000 per month in rent. In total, your net gain is $0 per month + +If you owned your house outright, the author is arguing that you're forfeiting the potential income on your $500,000 of equity (i.e. $2,000), but you're not paying rent. In essence, you're paying yourself an implicit rent of $2,000 which also results in a net gain of $0 per month. + +In this case, the determinate on whether it is better to rent is based on whether there is a premium or discount on renting in your city vs home ownership. + +For additional consideration, implicit rent is taxed in Switzerland, so it has been recognized as a legitimate concept by a western government. For full disclosure, they also do have deductions for mortgage payments and other homeowner costs come tax time. +You may have come across this story or versions of it before but I've tried to add a bit of a different spin and have also created a customisable Google Sheet for you to adapt any numbers to suit your own circumstances ([Google Sheet](https://docs.google.com/spreadsheets/d/1330cHaqjU3h3DCUU2Q4UQs1YFy3BW2iRqqxNUCCQL-o/edit?usp=sharing)) + +📖 Story Time (Yay)! +This is my favourite investing related story of all time. It's the story of 4 friends who are 65 and about to retire. And for the past 45 years they were each able to save £50 a month. + +3 of them invested into the S&P 500🇺🇸, while the 4th friend just saved their money in the bank. So they were all: + +👴 the same age +💵saved the same amount +⌚over the same 45 years +📈into the same investment + +But they each now have a very different account balance, and that's because the only difference was in their approach to saving and investing, how they actually did it. + +Now of course they couldn’t predict the future, but they knew 45 years in the stock market wouldn't all be plain sailing. And sure enough, it wasn't. There were actually 5 main market crashes during their 45 year investment (Black Tuesday in 1987, the Kuwait War in 1990, the dot-com crash starting in 2000, the global financial crisis in 2008, and most recently, the market crash caused by COVID in 2020). + +🤦‍♀️ Sally +Sally hated investing, she thought it was scary, risk and only for the rich. So she saved her £50/month into a savings account paying her 3%/year. + +After 45 years, she's ready to retire and has a pot of £57,019 to show for her efforts. + +🙍‍♀️ Alice +Her friend Alice, put her £50/month into the same 3% savings account, until she picked her moment to invest, as she wanted to avoid any market crashes. So when she thought it was a good time to invest, she took all the money she had saved up in her savings account and invested it. And then continued saving her £50 into her savings account until again she thought the time was right. + +However, she wasn’t very good at timing the market. She was actually terrible, as bad as you could be. She invested 5 times during the 45 year period, each time investing right before the 5 main crashes. + +But even despite having the worlds worst timing, she still ended up with £309,297. + +💁‍♂️ Pete +Pete took the exact same approach as Alice, but only had the world's best timing. He invested at the market bottom, right after each market crash. + +Of course being the perfect investor it served Pete very well, he ended up with 44% more than Alice, with £444,865. + +🧘 Charlie +The last friend, Charlie, took a different approach to all his friends. He didn't care about timing, reading the news, keeping up to date with the stock market, and prices. + +He set-up a regular monthly savings plan into his account of £50, and never looked at it again. That means that every month £50 would come out his account automatically, and be invested at whatever the price was on that day. + +And he ended up with........ £735,720! + +🥡 Key Takeaways + +1️⃣ Literally doing nothing, the most simple strategy of the 3, made way more than timing the market to perfection (65% to be precise), which is impossible to do consistently anyway. +2️⃣Channel your inner consistent Charlie +3️⃣Ask yourself, does investing have to be complex? +Didn't know how best to title this. Scenario is as follows… + +My parents had created a PPF account for me when I was born and had invested in it religiously every year (god bless them!). I started working 5 or so years ago but till now, I hadn't done anything with/about it and it continued as usual (father investing/managing it) + +But now, I've taken over investing in it and will be managing it on my own. So had a few questions about it: + +1. Do I have to report the interest received in my ITR right now or only show it as tax-free income when I withdraw it (won't be for a few decades) ? +2. If i have to start reporting right now, what about the last so many years? Is there some rectification that needs to be done? +3. How do I know if my PAN is linked to the account? If it is not, how do I link it? Had already noticed two mistakes in the account details (birth date, account start date were wrong). Got the birth date rectified immediately, yet to rectify the account start date (if it even can be rectified). +4. Apart from these, are there any other formalities that I would have to do? + +Thanks a lot in advance. +"If you live in a house, it's not an investment... You're not investing in a house, you're spending on it." + +[https://www.capitalmind.in/2019/10/podcast-should-you-buy-a-house-ep-13/](https://www.capitalmind.in/2019/10/podcast-should-you-buy-a-house-ep-13/) +Got a mail from Kotak low duration fund stating that they are modifying provisions to allow for creation of a segregated portfolio with instruments linked with a credit events aside from the main portfolio. +They have set aside a window for holders to redeem at current NAV if they aren't okay with the changes in the process. +Should one pull the plug on Kotak low duration fund? +You can discuss something like these, ITT: + +- Which fund houses are you currently investing with? Why did you invest in the funds? +- Reviews on the funds offered by the fund house? +- Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering? +- How easy it is to navigate & use their app / websites? +- Does the fund house provide periodic communication regarding the markets, fund performance and strategy? +- What PMS scheme / AIFs are you currently invested in, if any? Why did you choose it? +- What does the PMS / AIF fee structure look like? +- Does the PMS manager provide periodic communications regarding portfolio selection and performance? + +--- + +You can ask for general review of a particular product or service that you are researching - _"What is the investing style of fund X? Is it recommended for long-term retirement needs?"_, but **avoid asking for personal advice**. + +The discussion is for consumption by a broader audience, not just specific to you. + +For advice regarding your personal situation (like "I have 25L saved up currently for retirement purposes in 30 years. What fund / PMS / AIF should I choose?"), the bi-weekly advice thread is recommended It's stickied at the top of the subreddit. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the discussions only to reviews or requests for reviews of products and services. + +[Link to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +Came across [this article](https://yourstory.com/2019/04/wealth-management-platform-kuvera-raises-funding) about Kuvera raising funds. The article talks about them having Rs 3000 cr under advice (Assets under advice) is this a fair metric? How are they calculating this number? Are they considering the value from CAS statement uploads? Any idea on what their actual AUM is? +People all around are talking of a global recession likely to hit the economy in the year 2020. + +How true do you think these rumors are and what makes you believe/disbelieve them? +Came across [this article](https://yourstory.com/2019/04/wealth-management-platform-kuvera-raises-funding) about Kuvera raising funds. The article talks about them having Rs 3000 cr under advice (Assets under advice) is this a fair metric? How are they calculating this number? Are they considering the value from CAS statement uploads? Any idea on what their actual AUM is? +I understand what you are 1 and tier 2 capital in respect to a bank. + +A bank requires tier 1 capital for general growth because the more loans they give out the the larger the amount of money they have to set aside based on the risk weighted value of the loan giving. + +Tier 1 capital is shareholder capital and reserves while tier 2 capital is revaluation reserve and other unrecognised gains. I also understand banks issue tier 1 or AT1 bonds to prevent the dilution of equity immediately and gives them some time until the profits available to to make up for repayment. + +I do not understand what tier 2 bonds are for and the rational of why banks would want to raise this kind of money? + +Can someone please explain this to me +App like Kuvera are restricted to MF and Stocks. Is there any other apps ? + +&#x200B; + +Suggestions so far + +IndMoney + +MProfit + +Valueresearch + +ETMoney + + Artos +Due to lockdown, I have moved more than 160kms away from the place of work. As I am used to privacy and living on my own, I am planning to live in a flat which my mother owns on her name which is different from the one where my mother and father stay. This would also help me for tax saving purpose. I would be paying(NEFT) her rent upwards of 25k per month for that flat and get the rent agreement registered commencing on 1st May 2021. + +Furthermore my mother plans to return the money to me every month as soon as I transfer it to her. + +My questions: + +1. Can I claim HRA if I rent a flat so far away from the work city? +2. Can my mother transfer me the money back every month via neft because I don't need so much cash. Any better way to get the money back from her? +3. Do I really need to inform the society that I am living on rent as I used to stay there without my parents and they never created a fuss about Non occupancy charges. +4. Any other caveats that I should know before getting into such an agreement? +I got a margin call from Schawb for 7.4M. While I am please they just sent me a letter from 5 days ago.. I wonder why? + +Basically I sold 1000 contracts on tesla.. vertical spread.. banked 143k about 5 hours later( would be 600k now lol) + +Just wondering why they think I violated day trading rules on a spread? + +Thanks + +Update: no issues and I dont owe them 7.4m as suspected. I guess I was not flagged as a pdt.. sounda like going forward they will restrict my account for 97 days if I do this again. Annoying since the most I personally had at risk was only 150k which I was ok with. Ohwell thanks for all the comments and special thanks to the snarky remarks. +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. +As the title suggests. My partner won't spend our money. We have a joint account. Engaged. Joint home. Joint baby. In short we're committed to each other long term. + +I appreciate this may come across as relationship advice needed, but I think intrinsically the issue is money? + +All our bills/various pots, go out first thing in the month, so anything left after that is for us to enjoy. I've continually tried to encourage them to get into the habit of using it, but I'm struggling to get them to, without doing it for them directly. + +I currently organise stuff for us to do jointly, and I spend a bit on my own hobbies. But other than telling them every week they need to book/buy/ do something, even if they eventually do, they still end up using their own current account anyway. + +I do earn more, and maybe this contributes to the problem, but I really (and I mean really really) push home the point that everything is jointly ours. So if this is it, I'm unsure how to further overcome it (open to suggestions). + +I'd really appreciate some friendly suggestions on anything I may have missed, financially or otherwise which would help overcome this issue. + +Edited: spelling and pronouns +To no one's surprise. + +[NY Times](http://www.nytimes.com/2016/02/20/business/dealbook/yahoo-takes-a-step-toward-a-possible-sale.html) + +[mashable](http://mashable.com/2016/02/19/yahoo-admits-what-everybody-already-know-it-s-looking-to-sell/#5SJFPGEUtSqW) + +You know it’s pretty fucking newsworthy in the financial world for retail to direct register 1/3 of the float of a company. And we’ve seen exactly 0.0 MM news stories on this. They are so terrified of the mass adoption of DRS that they will not speak a single word of it. That’s how I know they’re fucked. When they start talking about DRS, we’re truly in the endgame. +[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/xxh13d) 🎃🐦 + +>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/) +Curious to find out from those property investors out there, what happens if say interest rates were to rise say, 2%, would it be normal for rents to rise in line with interest rate increases? + +I.e if interest rates rose 5% and I was paying $2000 a month in rent, would it be reasonable to expect rent to rise to $2100? +I grew up VERY poor (no food, no one home kind of poor) - so I get it. But now I am a bankruptcy attorney. Here are just a few mistakes I see people make time and time again. + +1) Buying expensive cheap ass furniture on payments. Don’t do this. Shop thrift stores, garage sales, or Craigslist. I have a good job. And I’ve never bought a new bedroom set or dresser. I paid $100 for a used dining room table and 5 chairs and refurbished them. Don’t get into this money trap. The prices are always WAY too high and the interest will choke you. + +2) Don’t buy a car you can’t afford. If you can take public transportation until you save enough to buy a car flat out - do it. I’ve personally seen low-income people with interest rates between 19-44%. Holy crap. If you can pay $400 a month for a car payment - pay yourself that for a year and buy (or mostly pay for) a car. You won’t have to keep full insurance on a car that’s paid for, so you save there, too. + +3) Don’t neglect paying your sales and personal property tax. You will get tickets. You will end up with warrants. If you don’t have the money to pay the taxes don’t buy the car. You are literally setting yourself up for failure. + +4) Don’t spend your tax refund on crap. Save it. Pay your fines. Pay the taxes. Get new tires. DON’T BUY new furniture. It’s just not worth it. + +5) Lastly, don’t get behind in your student loans. There are income-based repayment plans that can make your payment $0. If you end up in default they can add as much is 40% more to your balance that will never be discharged just because your loans went into collections. Student loans will haunt you forever. Get into a income based repayment plan and stick to it. They WILL garnish you (including social security and disability). You will never escape them. +**DEBUNKED:** I have come to think these are actually scams. The blue check is located inside the avatar and there are typos galore in some of the OpenSea markets. I WOULD NOT MINT ANY OF THESE NFTS YOU WILL LIKELY LOSE YOUR MONEY. + +**THESE ARE DEFINITELY SCAMS.** SORRY FOR JACKING EVERYONE'S TITS WITHOUT CONSENT. + +~~I have gone through a rollercoaster of emotions regarding whether this is legit or not. However, if you scroll all the way to the bottom, I may have found a trail all the way to the actual Louis Vuitton NFTs on OpenSea. They even have a blue check and say they are NFTs for LVMH's IOS game... And many more. I am adding OpenSea links to the bottom as I find them.~~ + +~~Note: While my tits remain jacked, I would recommend taking any tin foil hat speculation like this with a massive grain of salt until something is confirmed by RC and GME~~ + +I noticed that yesterday [GameStops Ethereum Address](https://etherscan.io/address/0x8c1dcea14acce463d8806928860899ad6c8f615b#tokentxns) Sent 8.2M IMX to another wallet. + +[Transaction Details](https://preview.redd.it/jxrytaya03m81.png?width=1387&format=png&auto=webp&s=6f1fd08095ade2ddde7d08a9464cacc90dd6f9b2) + +Link provided [here](https://etherscan.io/tx/0xb85ac3bc562a688ca39ab9329400ff3f15d0f959ac1e8072a0e78da7c4620f7f). + +I decided to look into who they sent this to. I followed the exact amount of IMX as it traded through multiple wallets. + +[Wallet #1](https://etherscan.io/address/0xb7fabf725d60700ff57bae72b666dc55646cde48#tokentxns) + +[Wallet #1](https://preview.redd.it/b4d32xnd03m81.png?width=1394&format=png&auto=webp&s=3005450d811d67d1a737ad053d0e4406ed1d82de) + +The [next wallet](https://etherscan.io/address/0x1157a2076b9bb22a85cc2c162f20fab3898f4101#tokentxns) it was traded to had a lot more transactions. I had to scroll back to page 3 to find the inbound transaction. This wallet contained something I thought was odd though. A bunch of tokens labeled "Brand Name" + Metaverse... + +[Screenshot of a small fraction](https://preview.redd.it/3p67ndeg03m81.png?width=1354&format=png&auto=webp&s=5e3ffd56e8400f63b404690c2cb6ed27eb3255c8) + +The included Armani, Cartier, Dell, BMW, IBM, AMD, Dior, Gucci, Hermes, Chanel, Prada, Harvard, Android, Starbucks, Qualcomm, Lincoln, Marvel... + +I clicked on a few of the tokens themselves and many of them said there had been reports of them potential being a phishing scheme. + +Most only started within the last 10 days or so. + +I would love some comment from anyone with etherscan wrinkles. + +Edit: The IMX finally ends up in [this wallet](https://etherscan.io/address/0xb3f923eabaf178fc1bd8e13902fc5c61d3ddef5b#tokentxns) + +Edit 2: re-added screenshots because my smooth brain accidentally marked this NSFW lmao + +Edit 3: If you click into the "ERC721 Token Txns Tab", you can see that numerous NFTs entitled with those brand names have been created and transacted with the wallet in question. + +They seem to start about 12 days ago. + +[One of them was created by \\"Zuki mfer\\"](https://preview.redd.it/ny8n7g7y33m81.png?width=1341&format=png&auto=webp&s=cea17042d45e366b811514b3d389a6ddacfa43ac) + +If I click "View NFT" on the one created by Zuki Mfer. It brings me to [this screen](https://etherscan.io/nft/0x677eace0a21f14449b8f048a4b66a9c0be692aa7/7): + +&#x200B; + +[Screenshot of View NFT screen](https://preview.redd.it/58zj8hj743m81.png?width=1390&format=png&auto=webp&s=7aa48a0fdb1e0236302ee220b1fdf932e10ada4f) + +You can see that the description says "COUNTDOWN OVER. MINTING LIVE." + +To say my tits are jacked... + +Also, [here](https://opensea.io/collection/zuki-mfer) is Zuki Mfer on OpenSea + +On [Twitter](https://twitter.com/zukimfer) + +Edit 4: Two things, some people are saying these are probably nothing, noting they might be "scam tokens" sent into the wallet as it is a publicly known address. + +Following the tokens created there are definitely some that scream scam, being something GME would never allow, for example, the n word. + +That being said, I found [a different wallet](https://etherscan.io/tokentxns-nft?a=0x011ea68c15f4a8316da45c1e7844311cdd0ba149&p=1) that transacted with one of the NFT creators and there are a ton more brand tokens there. + +I guess only time will tell. It just seems interesting that so many of these tokens started being created around the time when it was believed creators were contacted by GameStop. + +So, maybe unjack tits for now? + +Eh, fuck it. Just to be safe, I think I might just have to buy some more tomorrow, DRS, and continue to hodl... + +Edit 5: Upon further digging. I clicked on various of the NFTs in question, went to their creator and dug for first iterations. Some of them actually have graphics attached. See below for example. + +&#x200B; + +[Example](https://preview.redd.it/eai7lekde3m81.png?width=1402&format=png&auto=webp&s=63a2a4cab55a21d9fdf027289766335d864ed44e) + +Note: that it also says, "COUNTDOWN OVER. MINTING LIVE." + +I tried going to the link provided and it doesn't bring you anywhere. + +So, alas, we stick to the motto, "Probably nothing..." + +Edit 6: I was able to track down that many of the NFTs in question seem to be in some way linked to Pranksy, link to his OpenSea [here](https://opensea.io/Pranksy). + +For example this is likely what the [Louis Vuitton NFTs](https://opensea.io/assets/0x06eb75d315b88eaf04d1e22d8c9488b7834a31b5/16) in question were: + +&#x200B; + +https://preview.redd.it/juml7g1fg3m81.png?width=958&format=png&auto=webp&s=d9f91720c00561659172203e8127fb058aa27996 + +Oh wait... could these actually be legit??? + +Check out [this open sea page](https://opensea.io/collection/louis-vuitton-officialnfts) It appears to be the official Louis Vuitton Collection for their NFT game. It has a blue check on OpenSea, anyone know if that means anything? + +&#x200B; + +Link to [Hermes on OpenSea](https://opensea.io/collection/herms-official) + +Link to [Gucci on OpenSea](https://opensea.io/collection/gucci-v2-1) + +Link to [Givenchy on OpenSea](https://opensea.io/collection/givenchyofficial) + +Link to [Rolex on OpenSea](https://opensea.io/collection/rolex-official-nft) + +Link to [Imaginary Ones on OpenSea](https://opensea.io/collection/imaginary-ones-nft-official) + +Link to [Adidas on OpenSea](https://opensea.io/collection/adibaycnftsworlds) + +Link to [Nike on OpenSea](https://opensea.io/collection/nikemetaverse) + +Link to [Patek Philippe on OpenSea](https://opensea.io/collection/patekphilippenft) + +Link to [McDonald's on OpenSea](https://opensea.io/collection/mcdonaldofficailnft) (Note Official is spelled wrong... dont know if a typo or a scam...) + +Link to [Mercedes-Benz on OpenSea](https://opensea.io/collection/mercedes-benz-official-nft) + +Link to [The Walking Dead on OpenSea](https://opensea.io/collection/twd-walker-access-pass) + +Link to [Coca Cola on OpenSea](https://opensea.io/collection/cocacolaofficial) + +Link to [Apiens on OpenSea](https://opensea.io/collection/apiens-official-nfts) + +&#x200B; + +Edit 7: It even looks like [Vitalik](https://opensea.io/vitalik.eth?tab=activity) and [GaryVee](https://opensea.io/GaryVee?tab=activity) and some others are minting these as we speak... I dont know if Minting on OpenSea is something that can be manipulated though... + +&#x200B; + +Edit 8: HOLY FUCKING TIT JACKING BALL SHITS... No Dates... But 3/17???? Ive heard that before + +Again... Official spelled wrong... + +[The Walking Dead Official Link](https://preview.redd.it/xha3w5d8n3m81.png?width=755&format=png&auto=webp&s=d6954337f9517f660f74fe6abfbbfb3afbfd1837) +Fellow apes, + +I come to you today with a heavy heart. Last Christmas my father in law told us about a lump on his neck and how he had an appointment to get it checked out. Last night, less than 1 year later, my wife got a call to come to the hospital. That it was urgent. + +We spent the time between 12:30 and 8:30 gathered around watching him, unresponsive, taking shallow labored breath after shallow labored breath, until at 8:34 this morning, he took his last. + +1 year ago my father in law was a carpenter. He was a locksmith. He was the captain of his boat. He was a Buffalo Bills fan. He was a devoted husband. He was a father to 3 incredible children, to my wife. He was my children's grampy and a damn good one at that. He was whole. + +Today he is none of those things. Today he is a memory. Today he leaves a hole. + +My family is grieving. My wife's sadness is palpable. It fills our home. I'm sad as well. But I'm more than that. My fellow apes I am angry. I am so fucking angry. I can't help but think if these greedy, psychopathic, narcissistic, power hungry fucks had not taken control of our finances, of our country, of our lives, that there may have been a company with a breakthrough. One that wasn't cellar boxed into oblivion so a sadist could add a comma to an account. A company with a cause. With a cure. With hope. + +Every citadel. Every Blackrock. Every susquehanna. Every Yates. Every Griffen. Every Gensler. Every Cramer. Every hedge fund, and regulatory body, and media talking head is complicit. They are criminals, they are predators, and they have been at the top of the financial food chain long enough. The pressure they applied to my family today has solidified my diamond hands into something stronger. This is my commitment. Until they are all held accountable, my shares are mine, and you can't fucking have them. + +Buy. Hodl. Drs. + +I do it for Da. + +Edit: The outpouring of love from this community is something incredible. Thank you all. Your words and sentiments are greatly appreciated. +&#x200B; + +https://preview.redd.it/8jmhzeyynlh71.jpg?width=1444&format=pjpg&auto=webp&s=9426270b325d245f1dd661adfcb4d491e1a0432e + +https://preview.redd.it/gyr2pgyynlh71.jpg?width=1424&format=pjpg&auto=webp&s=59b0766c2bc7b0c88c26c9e5db689dc8c254b91d + +https://preview.redd.it/af544hyynlh71.jpg?width=1433&format=pjpg&auto=webp&s=dfa394b3673aadc85090a56aad6ad0693d85af75 + +https://preview.redd.it/g04lldyynlh71.jpg?width=1437&format=pjpg&auto=webp&s=ca7318524bdff8303775c21f178fe485790f2b3f + +https://preview.redd.it/o8tjqdyynlh71.jpg?width=1431&format=pjpg&auto=webp&s=d9f61e41a07b1b5a966363da061b391422a0ce93 + +https://preview.redd.it/8t38mfyynlh71.jpg?width=1418&format=pjpg&auto=webp&s=719bfdff3edb7f489f0f18297caa0b4460693f54 + +https://preview.redd.it/yfkhfjyynlh71.jpg?width=1451&format=pjpg&auto=webp&s=50e5effb61b7e9b3821103f9ea5c1bd58b50461c + +https://preview.redd.it/guubagyynlh71.jpg?width=1432&format=pjpg&auto=webp&s=e471ef3f2c3aa543a5f060125e1c7d348ef4cfe3 + +https://preview.redd.it/uo7fxgyynlh71.jpg?width=1432&format=pjpg&auto=webp&s=a0d66cbc555659c09eec71ba06405876e8cd282b + +https://preview.redd.it/vmcw3fyynlh71.jpg?width=1440&format=pjpg&auto=webp&s=7587772249d3603ef46ce69e5a521ce263b257a3 + +https://preview.redd.it/1qgopgyynlh71.jpg?width=1413&format=pjpg&auto=webp&s=d4500eca348d2b6d3989b23aa7fb5e3869210285 + +https://preview.redd.it/gq1nkgyynlh71.jpg?width=839&format=pjpg&auto=webp&s=0b2563450c46a6bd76f9d2e361a3259fd9f05b58 + +https://preview.redd.it/nhrozeyynlh71.jpg?width=1442&format=pjpg&auto=webp&s=2671a0342183583f2ee4bde1e044e462669ece7c + +https://preview.redd.it/zmm47gyynlh71.jpg?width=1427&format=pjpg&auto=webp&s=242fe17fa0dd33d700c2ce221a0589bbf1858e09 + +https://preview.redd.it/56h63gyynlh71.jpg?width=1543&format=pjpg&auto=webp&s=982333b53556ae6af424073bccdb8e858987b5d3 + +https://preview.redd.it/5z6affyynlh71.jpg?width=1948&format=pjpg&auto=webp&s=e7d37dc68dbac8991167a578ca47aeea6114bf7a + +https://preview.redd.it/9dnf7gyynlh71.jpg?width=887&format=pjpg&auto=webp&s=0f7b82eec92600feb9aaeba381740cbff91134b3 + +https://preview.redd.it/b7yr1gyynlh71.jpg?width=1458&format=pjpg&auto=webp&s=cbe0d834fd823b5719fbc63ae1a398edfdeaad8d + +https://preview.redd.it/btw0qxyynlh71.jpg?width=635&format=pjpg&auto=webp&s=476caaaf005990fadcd1734f2cac4cb537341f37 +It was around april 20, i got invited that group via discord. There were thousands of people, you could ask any question to one admin but that was all. You couldn’t talk with other members. They gave the date for the coin’s announcement. April 25 midnight. Also they created telegram group with thousands of people aswell. + +Coin announced exactly at midnight, it was rdn/btc. But 10 seconds later it was already too late, it hit ath and dropped to ground again. + +So who won? Admin and his friends/family who bought earlier and their sell order was ready. + +So who lost? Thousands of small investors who bought at high prices. + +What happened to the groups? Discord deleted immediatly, telegram sold to random one. + +Tl;dr: please stay away from those kind of shenaningans. Don’t get fooled. +“The Brotherhood cannot be wiped out because it is not an organization in the ordinary sense. Nothing holds it together except an idea which is indestructible." + +1984 by George Orwell. + +The Bulls are winning. We can see the volume switching to the buy side more and more. + +Stay the course retards, I have never been more confident in my life about anything else. We found our indestructible idea. + +Stay the course retards, because there is nothing stopping us. + +We will win this one. + + + + +Spoiler alert Edit : + +Yes I'm aware that in book the brotherhood is a trap to lure in dissidents in between the party members ( middle class). + +We are not Winston, we are the prole finally becoming conscious thanks to the Internet ( Orwell didn't imagine there could be such a thing when he wrote the book) +For the past year I've been staying with my sister and her 4 kids (11,10,2, and 1). About a month after we started staying together my sister just kind of gave up on being a parent. She stopped coming home some nights. Stopped paying the gas bill and stopped buying groceries for the kids. So it was up to me I took over their care and let her do what she wanted since she never listened to reason. The lease is in her name since when we looked at the house I was only at my job for a month. Apparently she has been half paying rent. I would send her the rent and she would do god knows what with it. (I know I should have checked but I never thought she would let her kids end up homeless) the landlord showed up yesterday and apparently my sister did not go to court after she was served and now we have to be out by tomorrow unless we come up with $1900 I'm not going to try to come up with that on my own. It's impossible but I have been looking at places and put in applications just waiting to hear back but even then I wouldn't be able to move until mid-july so for 2 weeks me and the kids will have nowhere to go. The only family I have around here is my mom and she has no space for us. Theres 10 people in a 3 bedroom house. Its up to me to take care of these kids now. I'm just at a loss. +So my current job pays 64k and they just gave me a 10k bump to try to counter the offer I got. The pros and cons of the job.. + +Pros +Work from home and can take and pick up kids from school + +Lead desktop engineer + +Boss is great + +Cheap insurance + +Cons + +Company is closing two locations and only one left. They say the reason is that most people work from home even though they keep buying things for office. + + +CIO: Only ideas are things they see on a tech magazine cover + +Execs run the tech decisions and we had to get rid of internal 2 factor cause of inconvenience for them. + +Mass exits + + +New Job: + +Pros: + +Only 160 employees + +Seems like a great company + +10k more money and 15% bonus +yearly + +Pretty much doing same thing that this company but more growth area + + +Cons + +1 hour 11 min commute 3 days a week + +Insurance cost a little more + +Can’t take kids to school +I'm more than a little confused on the U.S. economic situation at the moment regarding things like TARP and would really appreciate some clarity. + +From what I know, the Federal Reserve has expanded its "books" by $2 trillion by buying toxic assets from the banks (CDOs, bad mortgages, etc). The banks then get money at the near-0% interest rate and buy bonds, paying 3% or whatever they are/were at. This would be "free money", no ... which seemed to give some great bonuses last year? + +And in the end, isn't the taxpayer on the hook for all of this? These assets the Fed took on the books are becoming more worthless by the day, so I don't see them turning any sort of profit on this. + +Hopefully I'm missing something. +Prior to frequenting this subreddit my exposure to public discussion of macroeconomics was mostly reading The Economist, and reading the textbooks and popular writings of Keynesians like Mankiw, Krugman, and [Charles Wheelan](http://www.amazon.com/Naked-Economics-Undressing-Dismal-Science/dp/0393049825/ref=sr_1_1?ie=UTF8&qid=1310559253&sr=8-1). The only Macro class I took used Mankiw's book. So I thought most economists had somewhat-to-very Keynesian models of the world. + +Then I came to this subreddit and I noticed that many of the frequent and most thoughtful commenters don't think Keynes' models work, and find Hayekian explanations more persuasive. I also noted that linking to articles that argue for additional monetary or fiscal stimulus is a good way to get lots of downvotes. + +So I ask: do I have a mistaken view about what the field thinks about macroeconomics (i.e. most economists think Keynes got a lot right)? Or does this subreddit happen to be frequented by more Hayekian thinkers? + +Note: I am not saying that disagreeing with what most economists think makes one *necessarily* wrong. I understand that macroeconomics is really hard to study in a way that gives air-tight empirical results, so it's not like you can just go replicate a lab experiment a thousand times and settle the matter. +Many arguments from people like Noam Chomsky against capitalism is that real wages (ie inflation adjusted wages) have gone down in the US in the last 50 years. Is this actually true? Is it only true for certain sectors of the economy? Does anyone have any good links? + +**Edit**: Thank you for all the information. What I have gleaned from the responses: + +* Real mean wages have gone up but real median wages have stagnated or gone down. + +* Real median compensation has increased (from mattyville's post) even though real median wages went down. This is largely due to increased health care costs. + +I am your typical 27 year old web developer with absolutely no experience in investing, but have a burgeoning interest in economics. I've been reading Ron Paul's book **End the Fed** as well has hearing "buy gold" over the years from various sources. + +I'm worried about our current financial crisis being prolonged by government foolhardiness, coupled with reckless record spending, deficits and inflation (and consequently, the declining value of the dollar), as well as the general instability of markets around the world. + +(Possibly dumb) Questions: + +* Why gold? What's so special about it, and what gives it its value? +* Should someone like me take the leap and buy it? Of what practical use is it, if any? What should I expect once I buy it? + +Thank you for your advice. +Use SSO as an example (a 2x leveraged index). It has a high expense ratio and it's susceptible to leveraged decay. But the long-term numbers speak for themselves: [https://stockcharts.com/freecharts/perf.php?SSO,SPY](https://stockcharts.com/freecharts/perf.php?SSO,SPY) + +Let's suppose you you invest at the worst possible time in the past 20 years, September of 2007 (that's actually worse than summer of 08), and that you held until the last couple years. + +If you look at the charts (link above) which take into account fees and leveraged decay, you'll see that after 10 years it outperforms the index. More specifically, you'll see that after the crash it took the normal S&P index (SPY) 4 years to get back to 0% return, whereas it took SSO an extra 1-1.5 years (about 5-6 years from the crash), about another year (about 7 years from the crash) to catch back up to the the SPY yield, and another 4-6 more years to get close to 2x-ing the SPY (got close in 2017 and currently it's close again). Keep in mind those comparisons take as a given that you invested in the worst possible time (right before the 2008 crash) and also that the market goes up (as it did) 50% over the course of the 7 years after the crash (that's about a 6% annual average return). + +The argument, then, is that this bet makes sense given time horizons of 20-30 years. I'm willing to make the bet that on average, over the course of say 25 years, the stock market will (1) probably have a 2008 style crash (2) and then, if that happens, it would go up at least 6% annually for 7 years after the crash (if it takes more years that's fine too). + +And of course that's all absolutely worse case scenario. I expect it to do significantly better. If you'd have bought in, say, 2010, it was doubling the S&P pretty consistently over time and after 2 years (2010 onward) it was significantly above 2x maintained until the current day (because of the compounding effect). + +So IT SEEMS TO ME the downsides of a 2x leveraged investment are offset over long periods of time even when those long periods of time include huge stock market crashes (i.e. 2008). +My mother (75 years old US citizen residing in the UK) and her husband (80, UK citizen) are both in decent health. They have no debt, own their home free and clear (value around $3million) and have an investment account with around $2million, currently in cash as it is being moved from one broker to another. She runs a day care and their living needs at the moment are met 100% by this income plus pension. My thought is that her investment account should be invested very conservatively with a mix of bonds and index funds, maybe 60-40. Her new broker wants default allocation to be 60% stocks, with no real constraints on risk, I suspect maybe to milk fees. Isn't my conservative strategy more appropriate? + + +Hello, +I’m currently serving in the military where I make roughly 27-28000 a year. I came in after college, and have about 68000 in debt in one private student loan, and 40000 in debt in federal loans, and 7500 in debt in another private student loan. I’m managing the 7500 one pretty well, even managed to drop 2000 off of that one this year. The federal loans are $0 payments as part of an income driven payment plan in association with my public service benefits in which they’ll be forgiven after ten years of qualifying public service jobs (I’m in year 3). The 68000 private loan is averaging 680 dollars a month, which is roughly a third of my monthly earnings, before considering what I set aside for savings and retirement. My question is, would I qualify for filing ch 13 bankruptcy? I’ve considered the consequences and found that I’d be willing to live them long term. +I hope this helps those interested: Theres more where that came from, linked. + +Reason 1 Maintenance Nightmare + +Imagine your retirement days enjoying your time with your family and getting a call from a tenant asking you to go fix a broken toilet. Better yet you're enjoying a nice stroll on the beach with your better half and you get a call from a tenant complaining about noise issues at your investment property. As rents increase in the state of California so do headaches that come from stressed out, underfunded tenants that have problems. Passive rental properties are management nightmares and should be avoided at all costs. + +Reason 2 Low Returns + +As treasury yields barely hit 2% in the US, rental real estate investor in California are barely seeing returns much over 4% on an annual basis. An investor may be able to obtain higher returns in low income markets, but have to tolerate more headaches. Rental Real Estate Investors don't make any income but take a significant amount of risk and the payoff is not worth it. + +Reason 3 Tenant Screening + +Craigslist and other marketing websites on the internet breed tenants with bad history. More specifically, a comprehensive criminal and civil background check must be conducted in order to obtain information which may predict the successfulness of a prospective tenant. Prospective tenants have been known to change names and use other individuals information, falsify identity, and obtain a long-term lease on a rental. Once in a rental the tenants begin to ask for repairs which may not be necessary. These requests lead to higher maintenance time and operating costs for the owner and investor of the property. This leads to lower income and more pain in your wallet. Tenant screening is almost impossible in California and landlords are always at a disadvantage. + +Reason 4 No Liquidity + +Real estate is not considered a liquid asset. It takes time to sell real estate you cannot just put it on the market and sell in a few days and get all of your money back. Micro and macro markets fluctuate on a regular and consistent basis. Investor must be prepared to tolerate declining and depressing real estate values. Rental real estate Investments are not liquid you should plan on losing that money for a long, long, time. + +Reason 5 Increased Risk + +Professional Real Estate rental Investors pontificate using leverage to enhance returns On rental properties. This enhanced leverage leads to higher risks when property values decline. As property values decline Tenant credit quality get eroded dramatically hands leading to situations with tenant stop paying rent on a timely basis thereby increasing pressure on the owner. During these times vacancy rates increase thereby leading to higher absorption of losses. Rental real estate Investments have a high rate of risks which are not considered by rental investors at purchase. + +Really hope this helps! +Here's a link to my other articles: http://birchcap.com/blog +Some tickers have been high IV for a while RIOT, MARA, AMC. + +I know the risk of selling and missing out or holding shares that plummet. + +Here is an example $100k would buy me 2,700 shares of RIOT (at 37/share) I could sell 27 calls for a month out for a $40 strike. Premium would be over $8,600. So effective cost would be around 33.80. If my strike hits at 40 that's effectively an 18%+ gain in a month. . Between CC and CSP I could make between 7k and 11k per month on my 100k. Of course I could always start with CSP with the same results. + +Thoughts? Anyone trade high IV theta in such high quantities? Seems like a great opportunity but I know it's risky +Take a look: https://imgur.com/a/q2uvXSj + +Critique. Perhaps this can be used as a learning experience for myself and others. The XLP play was not so great just due to only getting $0.22, and I think I forced that one. EWZ was done today, pretty happy with that one. I will probably do 1 more trade on Monday and then let the others ride out. +I think I may be asking for contradicting things, but are there any High Volume/Open Interest Monthly Dividend Stocks to Wheel or write covered calls with? +New crypto users often mistake the conduct and attitudes from experienced Bitcoiners as them just trying to protect BTC bags and "outdated technology". What new users don't understand is that these people HAVE SEEN SOME SHIT. + + +Imagine living through not just the Terra/Luna meltdown but also witnessing Bitconect, The DAO hack, Mt Gox, and hundreds of shitcoins, rug pulls, ponzis, and exchange hacks. Imagine getting burned yourself (perhaps several times) and then watching it constantly happen to new people. Imagine how every four years, right after the Bitcoin halvening, all these new people show up with their "new toys". (2013 alt coins, 2017 icos, 2021 NFTs) and zero experience and stubbornness and watch as they completely ignore the advice from people who have spent years in this space. + + +Bitcoin is just different. There is no leader. There is no premine. There is no changing the finite supply or the economic properties. Its real decentralized money and the reason we even understand the word "blockchain" today. + + +Here's to all the new Bitcoin maxis that will be born during this crypto winter. May you be toxic af and may you do a better job protecting new retail investors than the SEC ever has. +My girlfriend let me look at her finances recently, and I saw she had a lot of cash set aside in her account managed by her financial advisor. She is a medical student currently and won't be touching that money for the next 3.5 years due to her being in school; she was planning to use part of that money for a down payment for a house when she finishes school. + +Her account consists of 70k, with 60k being in cash, I urged her to talk to her financial advisor to figure out why 60k is being left in cash as with rising inflation rates, as it will just lose value over the years. She talked to her financial advisors, and they stated that the market is volatile currently and isn't a smart move to invest all the cash, as she is very risk-averse. They even stated that putting that money into bonds isn't the correct decision either. + +I'm not a financial advisor, but I'm confused, isn't it better to put your money into VOO/VTI and Bonds if you aren't going to be touching your cash for the next 3.5 years? It seems like just sitting on 60k to devalue over the upcoming years isn't the smartest financial decision? The only way I can see that being correct is if there is a recession coming, but no one can predict that. + +Any advice would be appreciated. + +edit: Again, I am just seeking advice and an understanding of the decisions made. I am not advising her to do anything with her money or will be managing her financial decisions, but apparently even asking for advice has to be labeled as wrong or right. +I think it’s a compelling strategy, although I believe it should be done within a tax advantaged account to take care of quarterly rebalancing. + +Someone on Bogleheads tried it out with stellar results: https://www.bogleheads.org/forum/viewtopic.php?t=288192 +Yesterday, after I made a popular post on here, a user sent me a chat request: + +"I'm writing to enquire as to whether you would we interested in helping me grow our reddit audience interested we could put an offer on the table?" (sic!) + +As always with scams, I answered and of course was very interested in the offer. So I got some more info, let's play bullshit bingo what their "platform" plans to do: + +* they use your phone's CPU for mining +* the CPU is used to power scientific research +* each transaction gives a small % to charity +* they plan to be super eco friendly and plant trees +* "our primary promotional point is that it adds people's incentive to get their friends and family on board , therefore we will have a reffer@l scheme in place", so it's officially a pyramid scheme +* the token will launch soon ™ + +Two months ago, the same guy that sent me the chat [posted to some sub](https://old.reddit.com/r/beermoneyuk/comments/n15mwk/passive_phone_gains_opishub/) (I just sent him this post so he might delete this, [here](https://web.archive.org/web/20210429143341/https://old.reddit.com/r/beermoneyuk/comments/n15mwk/passive_phone_gains_opishub/) it's archived), pretending to have just stumbled upon this project. They offered me 10 USDT for making a shill post, they would upvote it to make it more visible and if things go well I would get "weekly crypto sum of our tokens plus your own and also USDT to incentivize good work". + +Of course I would never do that, and I doubt they would pay. But some people might have no morals and take their offer. So if you ever see someone shilling OpisHub (they seem really bad at promoting their scam, so maybe you won't), just know: it's a pyramid scheme, the posts are paid and absolutely everything points to it being a scam. Just avoid it and call them out on it. +&#x200B; + +https://preview.redd.it/2a5t8s1sf7r81.png?width=1023&format=png&auto=webp&s=74f1631db07ed3c4b8cde821ee4b49baefa66f0f + +Hello Independent Retail Investors, + +As some of you know I have been shouting about the systematic risk that Bank of America is in from their Prime brokerage business and their positions regarding the Gamestop saga. At this time I felt it was time to provide a little update regarding this situation and some underlying mechanisms that are at play. + +I want to stress that nothing is financial advice, and I have no idea if/when things will turn south. Again I'm human and I do make mistakes, and if you have anything to support or refute my thesis please share so we can get this right. + + +&#x200B; + +**BANK OF AMERICA RECAP** + +**What we already know:** + +1. **BofA is the main Prime Broker for Citadel & 1 of 2 for Susquehanna and will be responsible for closing said positions if they cannot close** +2. **BofA had a significant Put position to potentially reset FTD/ use for futures** +3. **No Bank or Hedgefund has/had more GME containing ETFs than BofA**. +4. **BofA's head of client equity solutions left to join Citadel after the Jan squeeze**. +5. **\~20% of BofA's locations have not reopened since March 2021** +6. **Several high-level executives have resigned or have planned to.** +7. **There is no new purchasing of BAC stock, only selling by their executives** +8. **In August BofA released a prospectus with the purpose to raise $123 Billion Dollars in liquid assets** +9. **BofA still has a large securities sold not yet purchased position that has grown over the past year** +10. **BofA has been significantly increasing their loans to asset managers in 2021.** + + + +**FUTURES:** + +It has long been theorized that short positions have been can kicked through the purchase of futures contracts. Although we do not have absolute proof we can see the clues of this mechanism being used. + +https://preview.redd.it/4039jjcxf7r81.png?width=2708&format=png&auto=webp&s=e35b0f44638287660f8b0277d084ef807d7fd5ca + +Some clues that the short positions are can kicked with future positions are that we see quarterly waves that aline with our predictive price action. Please note that you can choose to roll over your position to the next wave at any time during the cycle. This would also explain the reason for some so-called "Meme" possibles to move in unison with each other in a somewhat predictable fashion. We also see a large volume of DOOMPs that are required to build the basket. + +&#x200B; + +**EXAMPLES OF FUTURES BASKETS AND MARING REQUIREMENTS (**[Link](https://www.cmegroup.com/content/dam/cmegroup/rulebook/CME/I/9/9.pdf)) + +[Example of some futures baskets with their margin requirements. You can find 18 on the CME rule book \(chapter 9\)](https://preview.redd.it/y2nrizc0g7r81.png?width=1060&format=png&auto=webp&s=984f615a44bdfbeeaf9d9299dd7e8fff479b0283) + + +**FUTURES MARGIN** + +I would like to take a minute to explain futures margin. Now when it comes to trading futures margin it is categorically different than trading traditionally on margin. Futures margin is the amount of money that you must deposit and keep on hand with your broker when you open a futures position. It is not a down payment, and you do not own the underlying commodity. + +Additionally, there are two different kinds of margins that a market participant should be aware of. Initial margin is the up-front payment, a percentage of the trade price, made prior to a market transaction when purchasing on margin. After the initial margin is met, a market participant is required to keep up the maintenance margin.  This is the amount of equity required to retain an open position.   If subsequently margin equity falls below the maintenance margin, a call must be issued to bring the account up to initial margin. + + +**WHAT ARE PERFORMANCE BONDS?** + +Performance bond requirements are good-faith deposits to mitigate non-financial performance on open positions, acting as an ex-ante risk-based tool to cover potential future exposures. Through CME CORE, a web-based tool, CME Clearing offers full transparency to market participants by giving them the ability to calculate and evaluate performance bond requirements for all products cleared by CME Clearing. CME Clearing permits Clearing Members to deposit performance bonds sufficient to cover their net exposures for their proprietary positions. CME Clearing calculates performance bond requirements for each customer, collecting gross performance bond for the aggregate cleared swap customer account and customer segregated account, for exchange-traded derivatives. + +&#x200B; + +**THE RECENT NOTICE OF DISCIPLINARY ACTION** **(**[link](https://www.cmegroup.com/notices/clearing/2022/03/22-ch-2201.html)) + +https://preview.redd.it/h3xc9985g7r81.png?width=998&format=png&auto=webp&s=4a98ceae91e3c5caa67f1bbbe738909c9ef5af59 + +**IN-DEPTH RULES BROKEN:** + +https://preview.redd.it/fhrolwe7g7r81.png?width=1116&format=png&auto=webp&s=d13aa181361121b575689a4330e2eb381b7e4c92 + +https://preview.redd.it/wr4j4mb8g7r81.png?width=1258&format=png&auto=webp&s=f07662a799378a0e0591b73b8c5d14b618d0ee02 + +**CONCLUSION:** + +Now I am as smooth-brained as the next guy, and if my interpretation is inaccurate please share your take and I will amend it accordingly. Based on the fine that BofA Securities recently received it seems that they have likely missed a collateral call or failed to maintain their futures margin requirements. It would also seem that they likely have failed to keep a record of their performance bond calls issued. + +Cheers! + +&#x200B; + +**Past Work/Previous DD** + +[Bank of America Quarterly Update. Morgan Stanley has entered the chat](https://www.reddit.com/r/Superstonk/comments/qm9tnr/bank_of_america_quarterly_update_morgan_stanley/) + +[Goldman Is A Swaps/Futures Counterparty; Theory Why We Didn't See Volume This Cycle](https://www.reddit.com/r/Superstonk/comments/pqqsz6/goldman_is_a_swapsfutures_counterparty_theory_why/) + +[Adam A stock Delayed Memestock Endgame With Their June Share Offering](https://www.reddit.com/user/gfountyyc/comments/p3eo1f/popcorn_stock_delayed_memestock_endgame_with/) +They brought him on to talk about Bitcoin and he just spent the entire time pumping BCash and trashing Bitcoin. It was cringeworthy. He's going to cost a lot of people a lot of money. Not sure why CNBC gets people like Ver or old codgers like economists who have no idea why this fancy new money has any value. + +How do we get Andreas on CNBC? Does anyone here know someone at CNBC? Does anyone know Brian Kelly? +My Husband and I (both late 20s) are at a point where we have enough of a deposit to buy a cheap/affordable house. We'd be able to buy something small or in a less desirable area. + +I'm keen to buy asap just to get in the market, and then in 5-10 years purchase some place nicer. +My husband wants to wait and continue saving so that we can get a bigger house in a nicer area as our first home. + +Which way should we go? + +We both have stable full time work earning $150k combined. No kids yet. +I’m a first home buyer and had two unsuccessful offers on properties in the last couple of months and the takeaway from the REA was the sellers went with another offer because it was unconditional. My offers have had subject to final approval and a building and pest inspection. I’m a little more cautious as I’m a single buyer and it’s my first place but I thought these were two fairly reasonable clauses?. I have pre approval and bank has gone through all my documents etc and have a letter of approval from bank. But it’s still only pre-approval and I have heard stories where people think they are good to go but then bank rejects their loan and I do not want to be In any position where I’m stuck financially. + +Is there anything else I can add to my offers to make it more enticing while keeping these two clauses in there, am I being too cautious? TIA! +So this is one of my favourite quotes that keep my diamond hand HODLing BTC, leave yours! + +Edit: Yo guys! Thanks for the responses, no matter showing criticism or support. I don't really know why people are comparing this situation to being in a toxic relationship, so I will provide another analogy for the quotes: + +You have a partner who you have been together for years. Although financially, he/she might not be doing very good, but you know that he/she is TRYING! That's the main point, there'll be a great future if u guys stay together. Leaving your partner who is struggling and when they are down is bad... + +So one more here, you're supporting a football club and you know, they can't win all the games. If you leave your club and go on supporting other clubs when your old club is in a bad form, then don't come back when they start winning because you simply don't like the club true heartedly. + +I admit it doesn't feel good when bitcoin dips, but if u paper-handed, then u wont even have the chance to celebrate the highs. So why not have some hopium! +This post is for anyone who has made an extraordinary amount of cash over this crypto/stock bull run. + +This is coming from a guy whose parents were dumbass spenders when they had money and then had nothing after 2008. I witnessed it first there. Money, the great illusion. This is my story… + +I grew up in a dysfunctional family like most of us. I was born in Chester South Carolina and lived in myrtle beach from 7-18. My dad was a car salesman who owned a used car lot from 2002 til 2010 when he lost it dude to poor decisions and blaming Obama for everything. My moms been a second grade teacher for 35 years. My dad made lots of money for a time. He never saved. New motorcycle, new boat new cars, new this new that. He was never good at showing love so buying shit was his way. So you could say I was a little bit spoiled as a kid. Then high school came and all that money he made went into drugs. He’s pay 1$ a mg for OxyContin and always kept a full bottle. I remember stealing them and selling them so I knew what was up. He was a fucking train wreck. He let the money and the careless lifestyle get a hold of him and it stole away my dad. Before my parents could blink I left after high school graduation and joined the army and began my own life journey. I was too careless with money. Every check I got was blown at the club or on new clothes. I was good to go until I turned 20 and got kicked out for failing a drug test. I tested hot for cocaine. A drug that leaves your system in a couple days…. I was a habitual cocaine user for 3 months leading up to my discharge. I barely kept a dollar in my name man it was a rough rough time after that. I worked as a professional mover and a server while I worked through school. Had my mom not pushed me that wouldn’t have happened either. During this time I found crypto. Long story short a buddy of mine was mining with a 3.5m/h rig that looked like a server rack and making 15 litecoin a day… I WITNESSED THE GENESIS OF DOGE DUDE. Needless to say my thirst for quick wealth began but I was broke!!! I went so far as to sell my car to buy litecoin and I remember I sold my car for 1000 bucks and bought about 100 litecoin in 2015 only to sel it to pay my light bill a month later… the struggle was real. + +Eventually, I met my eventual wife at 21 and my life instantly changed. I finally found a source of stability in my life and was able to focus on achieving goals. I was always into working out and since my degree was exercise science I naturally fell into personal training. I created my own business in 2014 and spent the first 3 years grinding my dick off building this thing. In February 2018 I had my first 10k month and never looked back. For 2 full years I made between 10k and 15k a month and by Jan 2021 I had saved exactly 100k up. Now the fun begins…. +(I got in on the crypto run of dec 2017 and got crushed on vechain and sold for like a 90% loss on 5k only to watch it go way above my original price recently and was forever scorned. I completely watched from the sideline on this last bull run and instead bought a mining rig)… + +I got into stocks in 2019 when I bought my first shares of apple. I then really got into it in 2020 during the crash. I got really really into it when I discovered options… by sept 2020 I had 30k insvested. By January 2021 my portfolio has rocketed but I was still at 30k because I was in so deep on a 300$ baba call. I then found $BLSP on January 16th for half a penny and watched it go up %450 in one day. I liquidated my portfolio and went all in on penny stocks. I was gooood at it man I was in and out for huge gains for 4 weeks straight and took my folio from 30k to 210k…. And then just as quick and as easy it came so too it went… I managed to lose 70k over the next month. The last loss was 24k on gme puts. I almost got a divorce from that one real talk. Then we bought a house and moved to a new city. I shut the doors on my business and got a new sales job while my wife works as a nurse. I took some time away from trading but the bug never leaves you. In July I got back in the game... i started with hood old pump n dumps like RSLS and DLPN and made like 7k in a week doing that. But I got bored with that and I started trading big on the daily spy options. I got lucky as fuck on the recent dip to 422 and bought puts and rode them all the way up to 75k in profits off two days trading.... I was up to 90k profits in less than 2 weeks. Now Having been through this situation before you'd think is learned to quit while I'm up right? No, I thought I had way more to go, I was already calling myself a millionaire because I thought I'd figured out a system that worked... emptiness and greed were all I felt. Naturally life has a way of making you humble. Some sooner than later. I lost 50k in one day, then 20k, then 15k, then another 15k. Took my bank roll from 140k to 40k in one week... luckily I have now closed that account, and I'm stepping away to get my head right. + +In summary… +I have made 200k in 2 weeks and lost half that in a month. Then I made 100k in a week and lost all of it the next week In four trades. Both times I made all that money, all that I felt was greed. There was nothing satisfactory at all with it. Buying shit gets empty. Im not a lavish guy either so I live very practical. I was empty inside with 6 figures in the bank. All that money can fuck you up mentally and make you feel like you don’t need to work anymore and it just kills your drive. It fuels greed and the desire to keep the game going. Now I’m Chillin with 40k in the bank and to be honest I’m cool with that over the stress trading has caused. My wife is a nurse and I bring home about 5-10k a month depending on my sales job. And I also have a 600m/h miner that makes me roughly 40$ a day. Idk my point is just set yourself up with a reasonable stable life and don’t get caught up in all the hype that money brings. It’s fucking poison. Get a decent job. Wake up and have a purpose. Get a purpose if you don’t. Chasing money is not the answer. Take it from me: MONEY DOES NOt BUY HAPPINESS. What it can do is provide stability in your life and all you need is a good job to accomplish that. Day trading as a pro requires a lot of variables to fall in your favor and trying to make your self into something your not is a hard truth we all must face. Be careful out there and everybody love everybody! + +Edit: ok so the generalization of money not buying happiness was a fail. It’s a very weak leg to stand on. I get it. For me personally I have found that when you can’t make enough to pay bills yes it sucks and it can make you stressed and unhappy. But even that situation is all about perspective of the individual. You see there is no right or wrong answer on how you feel about money. You either let it enslave you or you live life with gratitude no matter what. Because this fucking life is more valuable than anything money can buy and once you truly understand that you’ll be rich for ever…. I still am working on understanding this concept but damn if it’s not beautiful + +Edit edit: guys I’m also going to admit that yes this was gambling. What’s even more stupid is I know how to risk manage I just throw risk into the wind when the adrenaline starts goin. This clearly is not the right time in my life to trade and I just hope anyone else reading this that feels like a gambling addict with no purpose hopelessly trading away in hopes of achieving financial success finds this helpful…. Sometimes it’s healthy for us to share our struggles. Reddit is a great place to do this so any support is greatly appreciated and any hate is ok too. To all my addicts in the struggle…. Take a fuckin break and re evaluate yourself. Is your head right? Is your life stable enough to handle the ups and downs? Do you actually know how to make a plan and stick with it? If you can’t answer yes to those three simple questions then sit down and get your life together. All I’m saying. +I’ve got cannabis, AI chips, memory chips, grocery store automated shelf scales, juice and wellness, 4 random spec miners, wine distribution, ocean wave energy, body scanning tech, Germany potash fertiliser deposit and in a disgusting category of it’s own, CAY 🔥💩 +Obligatory first time poster disclosure/apologies for formatting, but I'm here to share with you all some DD on a stock I think has huge upside potential that I have been following for the past 8 months. + +**Company:** Regis Resources Limited + +**Ticker:** RRL + +**Market Cap:** $1.493B + +**Who are they and what do they do?** + +RRL is an Australian based gold miner with projects operating in NSW and WA. RRL is a high-margin gold producer praised for it's very strong balance sheet. + +# Facts + +\- Fed money printing has been out of control resulting in this fantastic bull run in US markets. + +\- Powell stated this week that we're not going to see liftoff until the end of 2022 (but likely 2023), and as a result gold took a big shit. + +\- Gold miners have been crushed the past 12 months as traders are overly pessimistic about golds future price. + +# RRL as a play + +At the time of this post, gold is trading at about $1,750USD/oz, three years ago it was trading at less than $1,300USD/oz. Currently RRL shares are trading for **$1.98**, when three years ago it traded for almost **$5.00** per share. + +[RRL Price Chart](https://preview.redd.it/db4q0kemcrp71.png?width=2394&format=png&auto=webp&s=e6269b78d6e10c892be271407a2c650efcca0393) + +If golds price fell back down to $1,300/oz today, RRL would still be more than 50% undervalued. But it's not the same company today that it was in 2018. + +[RRL Balance Sheet](https://preview.redd.it/issu24zo3rp71.png?width=2144&format=png&auto=webp&s=a3f88fc103c1fdb4e7f2340fafab4a10a629695f) + +Over the past three years RRL has expanded its balance sheet massively. The expansion of their NSW and Duketown projects, and more importantly their acquisition of 30% in the Tropicana gold project have increased their claim to un-mined minerals **by $1.5 billion dollars,** when their total liabilities have increased by only **$550 million**. Again, this is a company trading at less than *half* of what it did in 2018. + +Further, their AISC (cost of production) has been steadily decreasing over the past 18 months, and as they continue to expand their economies of scale will bring this figure lower and lower. Currently, it costs RRL $1,006USD to mine one ounce of gold, which it can sell on the market for $1,750USD. + +*But hwb99 look at their profits! They made less money in 2021 than in 2020 despite this expansion!* + +True, though during their FY21 conference this has been attributed in large part to preparation of the Garden Well project which has been recently approved by the board. Land preparation, mine establishment, surveying, all costs that reap no gold but eat up profits. + +# But the price has been dropping for a year? + +The thing with investing is you don't pay what a company is worth today, you pay what it's worth tomorrow. The explosion of the Federal reserve balance sheet has driven up US markets to all time highs. Normally this warrants inflation risk where gold can step in as a store of value, but these fears continue to be dismissed by institutional investors and Powell, who said on Thursday we're probably not going to have liftoff (if you can call 0.25% liftoff) until 2023. Investors accept this and continue to lower their gold price forecasts and shift their investments into high growth speculative assets. **This is why miners like RRL have been selling off -** ***anticipation*** **of a large drop in golds price as inflation is dismissed.** + +Now there are two outcomes: + +**Rates rise faster** + +If inflation proves to be more than just transitory the Fed will be forced to react by raising rates. Interest rates increasing sooner than expected will act as a huge negative shock to global financial markets. Equities will suffer large corrections, and investors will race to a store of value, which will *include* gold. + +**The taper never comes** + +If Powell decides by the end of the year that employment isn't high enough, those money printers will continue to run full blast into 2022. This is where the Fed will certainly lose its grip on prices and inflation will really start to pick up. Once again, gold will be seen as an option to hedge against inflation. + +# Summary + +The thing with both of these outcomes is that they *are* plausible realities. In both cases, gold forecasts *will* increase. If price forecasts for gold increase, RRLs huge mineral reserves will increase massively, *but the cost to mine it will stay the same.* + +If gold forecasts were the same as they were in 2018 today, then Regis' balance sheet today would value it approximately twice as much as it was worth then. **This puts the share price up toward $10.00.** I believe that the attitude shift toward gold will happen in either December or June. This is the projected start and end of the Feds proposed 'taper'. + +This is where the gold is. + +# Positions + +$2.90 16/06/22 call x 15 + +$2.70 16/06/22 call x 20 + +$2.20 16/06/22 call x 25 + +$2.00 15/09/22 call x 25 +Is this still a bear market? Is it a fucked bull market? What is even going on? When searching for possible reasons as to why it’s happening, most sources seem to suggest that it’s due to the uncertainty around a new covid variant. But wasn’t this kind of danger/threat always present? And why is going down „slowly“ compared to a harsher „crash“ like just a few weeks ago? My tactic is to HODL and DCA my coins/tokens anyway so it doesn’t affect me as much I feel, but I’m getting curious as to why my portfolio is seeing mainly red for a while now. +My algo Is simple. + +~~~~ +pos= 0 +buy_price = 0 +If rsi <= 30 and pos == 0: + buy + buy_price = getPrice() + buy_time = now() + pos = 1 +elif percent_change(buy_price, current_price) > 3 and pos ==1: + sell + pos = 0 +elif current_time - buy_time >= 7days and pos == 1: + sell + pos = 0 +~~~~ + +Does really well in backtesting, if my position expires it always recovers. Tell me why this wouldn't work. I might unleash it on the market today + +Edit: also it compounds, so it reinvests any profits + +Edit 2: I tested this against random data and failed miserably lmao + +[Random data gen](https://pastebin.com/2rrKPHHT) + +[Backtest script](https://pastebin.com/tjf1kzkF) + +[TI.py](https://pastebin.com/FJLx4Dxx) +I've been out of school for nearly a decade and am getting nowhere working random jobs. I need a more stable situation with benefits and what not so I've decided to go back to school. I've already made a FAFSA account and am waiting to be approved in the next 1-3 days. I'd like to focus solely on school if possible. + +What kind of options are available for me? How often do colleges expect payments? +This is this year's "turning off the buy button," except even now the situation is even MORE deadly to all the brokers who never bought actual shares and are just holding IOU's for retail. DRS FORCES them to buy actual shares which at this point might mean buying ten IOU's just to find one actual share. This is why they are desperate to stop DRS, it's even worse than the threat they faced last year. They refused to buy one share at "high" price through all of 2021, now they are being forced to buy through all the extra rehypothecations they made doubling down all year. + +Good job, Apex. It's very clear now what is really going on. I'm gonna look to report this to FBI, FTC, SEC (haha), CIA (they deal with money-related fraud too), and yeah congress, but congress works the slowest I think. + +They are trying to stop DRS NOW because sometime between now and 02/08/22, according to the rules they are gonna need to buy millions of shares just to hedge their short position which has grown since last January. They thought they could hide and outlast retail's patience and scare us all off by doubling down yet AGAIN to naked short the price down to $100 (btw pretty sure they will force it below $100 in the morning for the psychological impact), but even THAT has failed to shake off retail. + +They are truly desperate, many more times over than even at last January's sneeze. There are no stimulus payments this time, and the Fed is forced to end the QE and all the printed money they used to prop up the market. No more artificial liquidity injections into the markets to save them from the horrendous positions THEY CHOSE TO BUILD. This is the endgame. + +I'm sure they have a couple more even more desperate blatantly corrupt cards up their sleeves. This situation is literally the bottom 99.9% of humanity vs. the top 0.1% which have created the entire financial world and guard it zealously. I don't think I can overstate how significant this is, and how terrified they are to lose. They CANNOT afford to lose no matter what. This is for all the marbles. If retail wins this standoff, everything will change as the corruption is forced into the light. Legacy stock markets will all be left to die if retail wins this ridiculous standoff. + +People are gonna be SO pissed especially as the markets crash around this giant squeeze. '08 was only like 13 years ago and obliterated so many people's retirement funds and took their homes and forced them to work another 10 years to try and retire decently, which in itself has distorted economies and generational income. Citizens are gonna go nuts when this all comes to light. I truly believe that. + +I guess the reason I'm writing this post is this: Be angry. Be FURIOUS. we have every right to be, as investors in these sham markets, as citizens of countries all over the world now mixed up in this, and as human beings who for the MILLIONTH time in history are being crushed under the boot of the lucky top 0.1% who have mostly been born into connections to get them to where they are. They have always been above us, they have always ruled us, and they have always striven to absorb all the money, all the property, all the fucking GDP the rest of the world actually works to produce. + +They will fuck us yet again here, IF WE LET THEM. DON'T LET THEM. Be angry because you have every right to be. Get the fucking word out. Tell everyone. Tell every supposed authoritative body that is supposed to protect us citizens and investors. Tell every human being you know what is about to happen AGAIN, on the anniversary of last year's fuckery, because those greedy criminals STILL won't lower themselves to our level and pay the debt they owe to investors, because they STILL refuse to be law-abiding citizens like the rest of us lowly ants. We work for their obscene $billions, their $TRILLIONS, and in return they get overleveraged FIFTY times over in notional $trillions in their derivatives casino games, because They HAVE NEVER HAD TO PAY THOSE DEBTS. + +no bail out from taxpayers. Not this time. FUCK them. Get the word out. Social media can still be our voice to inform others. Make up new hashtags and get this filth trending. Spread their slimy crimes everywhere so everyone realizes this shit is about to happen AGAIN this January. Tell everyone you know so they curiously keep an eye out, and when the ticker goes insane again they will realize we were right all along, and then EVEN BIGGER FOMO than last year will come. Even if they try to stop this squeeze somehow, they can't get off easy like last year. No one will buy the same lies a second time. DON'T LET THEM GET AWAY WITH FOISTING THEIR IOU's ON US FOR ANOTHER YEAR. NOT AGAIN. + +Be angry. And tell everyone why +The popular dating app Bumble is [preparing for an initial public offering](https://www.mobilemarketingreads.com/dating-app-bumble-preparing-for-an-ipo-above-6-billion/), could seek a valuation of $6 billion to $8 billion, according to people familiar with the matter, Bloomberg reported. +About 7 months ago my car had issues to the point of me constantly being late for my job due to car troubles, the managers decided to terminate me and the event produced a very stressful environment between me and the girlfriend. She decided to call it quits with the relationship a couple months later and it was one of the worst moments of my life. I paid with whatever money I had left over/could get to pay the apartment's cancellation fee and moved back in with my parents. It was an insanely awkward feeling. + +I decided at the same time that I'd start going back to school to finally complete my HS education and get my diploma, I had a rough home-life in my senior year of High School so I never graduated due to stress (my parents were on the brink of losing our home at that time) so it was very difficult to focus on classes back then. I was going to get my GED/Diploma back when I was 20-21 yrs. old but sometimes you meet a girl, happen get a better job, and figure that schooling can wait (big mistake, I know.) + +Obviously I also had to find work but couldn't find anything with a pay matching my last job driving a forklift/shipping at a hospital supplies warehouse ($17/hour) so I just braced myself and got a job working retail about 3 months back (anything to get by). Seeing that first retail paycheck made me feel sick to my stomach. + +So I have been in school in a GED/HS completion program, close to getting my HS diploma (the estimate is that I shall be finished by this coming March) and have been working in retail and living with parents while miserably fighting off the flashbacks of the life I was doing fine in for the last 7 years. This has been the most stressful time that I have ever gone through, financially and mentally. I feel like I have failed in a major way being 28 and living with my parents while receiving a retail income. I feel like I am 19 again, and it's killing me. I'm desperate to have that independent feeling and have my own place but working retail promises no financial stability for living on your own, and seeing other people my age with a great income and their own homes makes me feel like I have fallen in last place in the race of becoming a proper adult. + +I guess I'm just asking for advice from anyone who has gone through the same kind of situation and has bounced back. What steps did you take? After I get complete my GED/HS education, what are some quick college courses I could take that could place me in a job that could promise an income that would let me live on my own? Also how should I be maintaining my money right now? I make about $400-$500 every 2 week paycheck and the only bills I pay for are for phone/car insurance/and food costs. I paid off a hospital bill so I'm now putting money ($200-300) aside from paychecks. Any kind of advice would help, reddit! :] + +(Sorry if this is a bit choppy, I have work in about 30 minutes but I'm getting desperate and was hoping to have something to enlighten me when I go on my lunch break later. If this is the wrong subreddit for my topic please direct me to a more fitting one, I've never really asked for advice from reddit before, thank you!) + + + + + + + +________UPDATE________ - I've been working long hours so I've only been able to read through all the comments during my lunches. You guys are absolutely amazing, I've never felt more supported, I believe that this was what I needed, just some support and advice from a few folks that went through some pain as well, but I had no clue so many would respond, I was shocked to see the numbers grow! I'm also sorry for some of you who are going through worse, I wish the best of luck to you as you wished me. May the sun break through those clouds in your life. + +Thank you all so much, I wish I had the time to respond to you all, but my god....there's so many responses. Just know that I've read almost all of them and will continue to finish when I get time. I also appreciated the tough-truth comments, I really respect that, it's definitely a reality check and I won't forget those words. Some of these posts I will keep with me when things get tough, I'm also jotting down as many of your tips on college,careers,etc. as I can. I can see why a lot of people go on here for advice! I hope that others who go through the same or worse can find wisdom and guidance from you guys and the amazing responses you have gifted this page. I'm sitting in a cold room, alone, yet I feel surrounded by hundreds of good people. Thanks again, friends! + + +I've just been reading the rules of this subreddit and I'm posting this to table an idea for an amendment/addition, and would like to hear what people think. + +Over the past few months/years I've noticed a lot of posts from people asking about the various challenger banks such as Monzo, Starling etc which tend to contain mostly the same responses from consumers who want to share their experiences and like to champion their favoured brand. + +What I'm uncomfortable with is some of these companies offer the opportunity for customers to become investors into the business by buying shares (I think? Or at least some sort of financial instrument that's used to raise capital for the business in exchange for some idea of a return, including perks from their products etc) + +While owning shares in companies is fine, I just feel that the rules on this subreddit might need some tightening up to try and discourage any evangelism about these banks if the poster has a direct financial interest in the business. Understandably that's very hard to police, but I'd hope at least some of these Monzo investors are honest folk and disclose their interests with a disclaimer. + +Obviously there's an element of hypocrisy here as your pension funds or fund investments probably tie back to most products/banks you consume and rave about, so _everyone_ is a shareholder in some way - even indirectly, but I'm wondering if there needs to be a new rule about this when more and more companies adopt these 'innovative' funding approaches (e.g. crowdfunding) + +Would be interested to hear your thoughts! +Me and my partner are both about to enter in to jobs. She's got a graduate one and I'm going on placement. Our immediate goal is to buy a house as soon as we can, although probably waiting 2 years for me to graduate. +We'll be making £45k gross between us. We currently get by on about £14k which shouldn't change too much, so I figure we should be able to save reasonably. + +We're both grew up kind of broke, so haven't learnt much about managing money. My current plan is just to throw all our money in to bonds and maybe some conservative equities (Finance student, so I'm pretty confident with this area). + +Are there any better approaches we could be taking? I know a fair few people who went straight in to work are using help to buy, but I don't really know the details, and I'm unsure if it would be best if we could afford to buy normally. +I'm also quite cautious about maintaining liquidity, given the still being a student thing +I see so many newbie investors trying their luck in the stock market and buying dips and trying to hoard companies that they were told by Finfluencers were good long term bets. They have not done true market research and if something were to change about the company fundamentally, they wouldn't even know when to exit. + +I myself have been doing something like this. Copying great companies from others portfolios and hoarding them without actually studying them. + +My question is : If you want to take that risk anyway, if you're not bothered by that volatility, why not hire professional help at very little cost. Why not let an expert choose those risky stocks for you? Why not just invest in a good Small Cap MF and chill. You would be getting the high risk reward ratio and the headache would be someone else's, I just see that as a win win in every way. + +Is there something fundamentally wrong in choosing a good Small Cap fund over Direct Stocks always? With a fund you get instant diversification + Not needing to worry about timing the market since you can SIP + High returns in the long term. Why even engage in Street bets? +I understand the difference between RTGS NEFT and IMPS, what each does and doesn’t do. The question is why have 3 channels which do part work than having one full fledged channel. +Even if one say these channels are improvement over one another and are developed at different times. Why not improve the exiting channel instead implementing a new one? +Shriram Transport Finance (NBFC) is offering NCDs with interest rates up to 9.1%. I haven't read or understood much about NCDs yet - so was wondering if someone has any experience/views on this? How do NCDs compare with FD vs Debt funds? +I want to understand the tax implications of getting employed by a startup company without a salary breakup / No PF deductions / No Tax deductions / No HRA or any other type of allowance. + + +I do have my own Health and Term insurances for self and family. +But I'm wondering what other things I should look out for in this case? + +* Is this safe / legal? +* How best to save tax? +* Can I still claim HRA and other allowances? +* Will PF from previous company get affected if PF deductions stop? +Here's the thing, I got into mutual funds investments due to ET money back when I was in college. Fast forward 3 years the app is literally filled insurance and loan ads. My notifications are just being bombarded with these every 5 or 6 hours. I would've planned shifting to another app but I have a good amount of SIPs that I do every month through the app. Is there anyway I can shift to another mutual funds only app without losing my SIPs. + +Any suggestions for alternatives for no brokerage mutual funds apps will be most welcome. +https://m.hindustantimes.com/india-news/sc-asks-centre-to-take-a-stand-on-levy-of-interest-on-loans-in-moratorium/story-n4e2JDiFkR0I8K3HYmTMNN_amp.html + +This could end up being detrimental for banks - while the center might pick up the slack for the PSU banks, what about private ones? + +The tone of the court seems like it's not a big fan of interest during moratorium +So I want to learn about investing but I am at absolute zero. Complete zero. I have read some books/articles, watched videos and all just talk about value this value that but I want to learn about absolute basic stuff. Something that shows **stuff step by step**. + +For e.g + +1. How to actually start investing? Where do I go? What do I do? +2. How to find and research companies? +3. How to take an analytical approach via companies products rather than chart approach. + +Stuff like this. Most basic of basic. I am thinking if I should go for some classes or something. I am not sure if that's the best idea though. + +**Just looking for something step by step**. +Hey guys !! + +I'm been thinking about investing in Startups off lately. + +Anyone here who has done so or any pointers what to look for while investing ? + +Key sectors where we will see the major impact ? + +TIA +So, I am trying to read more about what the NPS would entail. I got only one list of charges, that too from [HDFC](https://www.hdfcbank.com/personal/invest/nps-national-pension-system), which seems to be the only place with some good info. +But the charges ..... There is a Rs. 200 opening charge, a 0.2% charge the first time, a 0.1% charge subsequently for every transaction..... +Also, apparently we can switch around both annuity providers and fund managers. But details of those are also scanty. +Can someone help me find more info about the various facets of the scheme, especially about the various annuity and fund management options so that choosing one of each can be simplified? +Also, does registering with the NSDL or with KFINTECH have any notable difference? +Hi r/finance, + +I am wondering what other aspects in the financial statements/annual reports investors and analysts should look at when determining the performance of a company. As ratios only provide so much information, what are the other vital things that should be considered? + +Thanks! +My partner and I are mainly living away from home for work reasons. It means we occasionally visit the home we own to visit (perhaps once every couple of months). + +We have a TV mounted on the wall in the property. Can we decide that we will not use the TV for anything other than Netflix and legitimately not pay the TV licence? Would it be better to say the property is unoccupied (which it is to an extent) or that we don't need it? According to the website, if we say we don't need it they may try and come for a visit but chances are there won't be anyone there. +I figured I'd calculate how long it would take to mine bitcoin using a pen and paper for fun. + +According to some forum posts, it takes 3385 integer operations to calculate one double SHA-256 hash. + +These are 32-bit operations, so we'll give a very generous estimate of 10 seconds per operation (we're assuming that you're a numeric genius) + +This works out to a rate of .0000295 hashes per second. Not bad, right? + +Throwing the current difficulty (609482679.88835) into [this](http://www.alcula.com/calculators/finance/bitcoin-mining/) calculator gives us an average time of 2,809,786,333,451,380 years to mine one block. Have no fear, this is only 200000 times the age of the universe. + +Now, at current rates of 25 BTC/block, and $600/BTC, this gives us an hourly profit of $0.000000000000000609/hr (assuming we're contributing to a pool, since competing with ASIC machines is just unfair), or +about 1/300 of a quadrillionth the national (US) average. + +What would it cost you to perform this? + +One three ounce bottle of Noodler's ink is $12.50, and will write for approximately 33 km. Let's say that you're working in binary, and drawing a 1 and a 0 uses 1cm of ink, and you need to write 2 32 bit numbers per addition operation. That's 2166.4 meters of ink per hash. You can do about 50 operations on each side of a piece of paper. Paper runs for about a cent a page on Amazon, so that's about 34 cents per hash. + +At the (approximate) 2,728,647,008,755,700,000 hashes you need to mine one block, adding these two costs together gives you a whopping $3,162,791,285,103,330,000.00 per block, or, if you're keeping track, you earn **0.000000000000474% of the money you spent mining that block** (excluding the cost of petayears worth of food and shelter, and assuming the difficulty of mining and the value of bitcoin freezes forver at this moment). + +Anyone want to get started with me? + +tl;dr - mining by hand is no longer profitable. + +EDIT: fixed some numbers +# The release of the SEC "report" would point to shorts not closing out... We knew this already though, it's in their annual report, and also in their latest quarterly report + +&#x200B; + +[Annual report - filed every year](https://preview.redd.it/pdnm5n6kzlu71.png?width=1073&format=png&auto=webp&s=15b47690c01791439c05a33cba3ff3b53241e9be) + +[10k filed in March 2021](https://preview.redd.it/65eooco5zlu71.png?width=1143&format=png&auto=webp&s=8f2875f637eca3981ad0d49afbc7a40b09560529) + +[Quarterly report - filed every quarter](https://preview.redd.it/of9x819tzlu71.png?width=1155&format=png&auto=webp&s=26b6f258ac543d574db9cb411320649cc9ac5499) + +&#x200B; + +[so nothing has changed](https://preview.redd.it/31qxnj41zlu71.png?width=1151&format=png&auto=webp&s=34cf79d4f11ab35038c76dc8c03389dd9f701a6e) + +[!!](https://preview.redd.it/rjf9syf7zlu71.png?width=1153&format=png&auto=webp&s=a8ac4caad10580a060e6c21626f91fd0039d7c61) + +Juiciest bit from the both reports imo - + +# "To the extent aggregate short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common stock for delivery to lenders of our Class A Common Stock." + +[https://investor.gamestop.com/static-files/55a92a3e-144e-4d2b-8ee6-930db9045593](https://investor.gamestop.com/static-files/55a92a3e-144e-4d2b-8ee6-930db9045593) + +[https://investor.gamestop.com/static-files/99de75ec-c690-4ef7-a625-5fbcca1064b0](https://investor.gamestop.com/static-files/99de75ec-c690-4ef7-a625-5fbcca1064b0) +Also, I am studying CS at TU Delft (first year). What are some things firms are looking for that would increase my chances of getting a job at a fund? I.e. internships, side projects...? +I see 2 opposing ideas: + +1. "Balance" the portfolio, ie: sell off the winners to buy more of the losers. This appears to be based on the idea that prices are cyclic within a range, so winners and losers today will revert to the mean tomorrow. + +2. Sell off part of the losers, and reinvest that in the winners, based on the idea that prices are trending, and today's winners will be winners in the next cycle. + +Have any of you tested these opposing ideas against real price data? + +The First is still widely touted, but I think the markets certainly have been trendy for the past few years. +After reading "Principles" by Ray Dalio and how Bridgewater uses a +"system" for decision making that incorporates lots of parameters and +all kinds of econometric models and artificial intelligence, I +started to wonder how realistic such a system is. As somebody who has +being trading for the past 4 years, I tend to stay away from complicated +models due to a fear of overfitting. Additionally, I like Locke's +definition of a madman as someone "reasoning correctly from erroneous +premises". Every hyperparamter in your model has the potential to create +an erroneous premise. So how could any conclusion from a complicated/blackbox +model be trusted to make investment decisions? + +From the mathematical point of view, the ability to model the world +correctly also sounds impossible, if one agrees with the Chaos Theory: + +> Chaos: When the present determines the future, but the approximate +present does not approximately determine the future. + +-- Edward Lorenz. + +I always wondered the probability of how much the successes of all those +hedge funds and their portfolios that are produced by some "magical" +"big data" + "complicated AI" is simply due to market manipulation by +big firms buying and holding large amounts of certain assets. Could +their success be simply be explained by being lucky few times, giving +them enough publicity, thus attracting more capital which allows them to +have more impact to the supply/demand side of things, making them even +more "correct", attracting even more capital and then the positive feedback +loop continues? Afterwards it just all gets attributed to this +"marvelous system" that they have (which I am sure they believe in +themselves too). + +Maybe I made a mistake by reading "Fooled by Randomness" by Nassim Taleb +and then reading "Principles", so now I am simply projecting... + +Anyways, so I was wondering if anyone else had any thoughts on how +believable are all those claims by hedge funds that they have some +magical crystal ball that lets them see into the future and how much of +it is simply market manipulation by "elect" (as voting by putting money) +few who simply got lucky initially and attracted enough capital to be in +the position? +Hi guys - sorry if formatting is off or I wasn't supposed to post here but I'm unsure of what else to do. + +This weekend, I noticed a deposit of $10,441 into my checking account with Chase. The line item title is simply "Deposit ID Number XXXXXX" (Xs being actual numbers). In addition, there was a picture attached with both front and back of a deposit slip, which had my name and checking account number on it (handwritten). + +I am well aware that this is most likely some type of scam, so I called Chase. Here's what they told me: + +1. This was a cash deposit. Someone brought actual bills and deliberately deposited them into my account (I'm assuming, because they know both my name and account number). +2. The deposit is 100% legitimate according to Chase. +3. It was deposited in a different state (I'm in the Western area of the US, the deposit was made in a more central state). +4. Since this person knows my account number and name, they probably know my address too, which is extremely worrying. + +Now, here's what I am sure of / what I am doing: + +1. I am not touching this money until much much much further clarity from the bank. +2. I am getting my account number and routing number changed in person at a Chase branch this weekend. +3. Changing my Chase login and password +4. I have not told anyone (even family) my account info since I only opened it 3 weeks ago. +5. The bank has put a note on my account saying that my info could have been leaked and thus to carefully review my transactions to avoid fraud (eg. Someone in some other state tries to withdraw money from my account) + +Does anybody have any further advice? This might be a stretch, but I am worried this might be something related to illegal activity and am worried about my safety due to the potential leaking of my address, which is something I can't change. Any advice would be much much appreciated. + +UPDATE: First of all, thank you everyone for your input, advice, and personal stories. I apologize for not replying to all comments as I fell asleep pretty early yesterday and have been working today. Since I now have an update, I will be positing it here rather than replying individually. + +I called my bank again today and asked them about all the technicalities that you wonderful people informed me about - they gave a lot of information (for eg., can't access camera recording because need a police report, can't access Currency transaction report because turns out it's actually a bank transfer and not a cash deposit, shit like that basically). They did however say that they have got in touch with the branch where the deposit happened and that the people there are looking into it and will call me. + +I just got off the phone with the banker from the branch where the deposit was made and he told me that it was indeed a bank error (no longer in my favor unfortunately - you lied to me monopoly) and that they have identified where it was supposed to go. Within a few days, it will leave my account and enter the right place. + +So, in conclusion, most of you were right and my paranoia was baseless. Honestly, I am relieved. I didn't start the process of changing my cards yet, so that's some time and effort saved. I anticipate that some people might say I could have somehow kept the money, but honestly, I don't want to fuck someone else over, and more importantly, I don't want to fuck myself over. Anyway, thank you everybody!! +[Peter Lynch: Just Hire The Guy Who Beats the Market - Duh!!?!](https://markets.businessinsider.com/news/stocks/peter-lynch-warren-buffett-passive-investing-index-funds-active-management-2021-12) + +This still gets me after all these years. + +I worked for a major investment bank as a Bond salesman and as an Analyst with an investment manager before that. I’ve covered Hedge Funds, Prop Shops, Family Offices, Pensions, Endowments, Sovereign Wealth funds, Insurance companies - you name it. Believe me when I tell you - hardly anybody beats the market. + +Oh sure, over a year or two, here or there, they might. And they’ll tell you all about it. But year over year? Rolling 3 and 5 years? 15-20 years? No chance. Maybe 2-3 funds actually do have consistent long term alpha, net of fees, but if you’re reading this, they aren’t interested in taking your money. + +Peter tells us: + +"Our fund managers, our active guys, have beaten the hell out of the market for 10, 20, 30 years," + +He cites one guy. + +There are over 10,000 registered mutual funds and ETFs. + +This is exactly like telling your old, homely, fat, short, balding, bespectacled, divorced buddy to just date a supermodel. + +Or saying “all you have to do to be a Billionaire is work for the right start-up.” + +Sure, the next Unicorn is being founded right now. But do you know the founder? Where they are? Did you apply? Were you hired? Did they get funded? Did you get options? Did the product survive client churn? Patent issues? Lawsuits? Insurance claims? The CEO have #MeToo issues at the Christmas party? + +A positive answer to any of these questions is a thread you’re throwing through the eye of a needle from 15 yards away. + +S&P/Dow Jones does a study every year about the “Persistence of Performance” of active managers. For all US Large Cap Core mutual funds with a 20 year track record that bench to the S&P 500: 95.31% underperformed the index. + +This study also accounts for survivorship. Going back those same 20 years, 73.5% of All US Large Cap funds do NOT survive. + +So, your chances of finding an active manager who not only doesn’t get the boot or go out of business AND he/she consistently outperforms the benchmark for the (more than) 20 years you need to save for retirement? Slim to none. + +Oh yeah, and you have to pay the management fee, 12b-1s, trading commissions/spreads, and their capital gains tax bill each year. + +So yes, Peter Lynch/William Danoff/Bill Miller was that one guy who did that one thing that one time, and proud we are of all of them. + +But who’s the next? + +Maybe Peter will tell me. + +EDIT: + +Thanks for all the great feedback and discussion! Just to clarify a couple quick points. I am not arguing that it is impossible to outperform, it very clearly happens otherwise nobody would know Peter Lynch's name. + +Here is my main point summarized: + +What are the CHANCES that a Portfolio Manager outperforms the market net of fees and taxes over the course of their career? + +Not Zero. + +What are the chance that YOU WILL PICK the next Manager out of 10,000 to do that? + +Zero. + +You aren't looking for a needle in the haystack. You are looking for the piece of hay that turns into a needle. + + +Thanks again for reading and commenting. +S&P is about 2% away from ATH and futures are up 1.25% + +Past 2 week have been rough, especially for growth stocks. However it seems like Dec may be another bull run. Even Chinese stocks are trying to rebound. + +Are you bullish? +I posted a chart of the growth of my net worth in [late 2019 here](https://www.reddit.com/r/financialindependence/comments/dzdky2/the_beauty_of_compound_growth/). I originally wondered how long it would take before you can see the exponential increase due to compound growth in a real setting. From my original post, you can barely make out a slope. + +Here is a follow up to this post [updated for 2/2021](https://imgur.com/a/wKDqPYY). + +You can clearly see the impacts of the pandemic on my net worth growth. However, as I remained almost fully invested, my NW recovered and then some. This time you can clearly see a nice curve to the growth rate (and the impact of compounding) + +[Another view](https://imgur.com/a/WbBASgm) \- this chart is my NW over time with the growth rate in % on the Left Y axis. The red line is month to month change in absolute numbers. In general, you can see that as time passes, the % change per month decreases even though the month to month change seems to increases. As my monthly contributions were fairly steady, this is directly related to compound growth. You can see more significant changes in %/absolute numbers in 2020, but a large component is due to the volatility we saw in 2020. + +For those starting out, note that the largest impact is consistently contributing to savings - this makes the largest impact starting out before compounding growth takes over (ie: the past 2 years, i was able grow at greater than my take home pay) ... but it took 7 YEARS of contributing consistently before you start seeing any impact of compound growth. My income has changed less than 1% / year over the past 7 years, so that did not play a significant impact. This curve should be the same for pretty much anyone regardless of your net worth (from $100 to $10M+... the biggest change to the growth would be if you were able to slowly add MORE contributions monthly due to raises and your personal rate of return depending on your investment choices and where we are in the business cycle. +So first off, is this even possible? I am interested in shorting companies who write these, or if possible, invest in a potential drop in the value or crash of CMBS's as a whole. I think there is a possibility litigation would be challenging in this situation, and the demand for this type of security will at least lessen slightly in the coming years. + +Can you profit off of this? + +If anyone has any insights on this idea, I would be happy to discuss it more in depth. I have been up all night trying to reason this out. +Property prices have fallen 4.6 per cent in Melbourne since the COVID-19 pandemic reached Australian shores, while Sydney price falls were milder at 2.6 per cent, but experts warn the housing market will worsen in the coming months as various government support measures start to expire. + +The latest CoreLogic home value figures for August show a 0.4 per cent drop in values nationally over the month with the rate of decline easing and prices in several capital cities either steady or even rising slightly. + +Prices rose most in Darwin by 1 per cent, followed by 0.5 per cent in Canberra and 0.1 per cent in Hobart. Values were down 0.5 per cent in Sydney and 1.2 per cent in Melbourne, steady in Adelaide and Perth while Brisbane prices fell slightly by 0.1 per cent. + + +Sydney and Melbourne are the most vulnerable given their higher dependence on immigration, higher debt to income ratios. Dominic Lorrimer + +"Melbourne is the only capital that hasn't seen some kind of improvement in its monthly results. Every other capital showed either a smaller rate of decline or even a rise over the month, but melbourne was the exception," CoreLogic head of research Tim Lawless said. + +However, Mr Lawless said that it "stood to reason" that there would be further reductions in home values as fiscal support tapers away and more distressed properties come onto the market. + + +Advertisement +"If we don't see any evidence of distressed properties on the market then maybe the housing market will continue to be quite immune to a more material downturn," Mr Lawless said. + +"But we should know the answer to that in the next three months or so as we see the impact of Jobkeeper being wound down and then the six-month check in conversations being had across distressed borrowers." + +Buyer's agent and consultant Edwin Almeida said he was already seeing the "rumblings of a fiscal cliff" with pressure on investors, some of whom were selling multiple properties in Sydney's west. + +"People are selling for a variety of reasons. It's a combination of downsizers and foreign investors. There are some properties in Sydney's west that were bought by investors who wanted to put in granny flats for dual incomes to keep growing their portfolios but there are no tenants so that has put a lot of pressure on housing [in that area]," Mr Almeida said. + +While some properties are attracting plenty of interest and achieving strong prices, the latest auction results from last week showed a number of Sydney properties selling for less than what they were purchased for at the peak of the market in 2017. + +Sydney, Melbourne the most vulnerable +AMP Capital chief economist Shane Oliver said if we weren't still in an "artificial market" propped up by support measures such as JobKeeper and bank payment holidays protecting heavily indebted households and investors, prices would be falling more rapidly. + +"Taking a 6 to 12 month view though our assessment is that further falls in home prices are likely. High unemployment. the collapse in immigration which has reduced underlying dwelling demand by around 80,000 dwellings a year and the depressed rental market will likely combine to drive weak housing demand and increased forced sales into next year," Dr Oliver said. + +"Sydney and Melbourne are the most vulnerable given their higher dependence on immigration, higher debt to income ratios, higher house price to income ratios, greater investor penetration and a possible preference shift away from expensive inner city property," he added. + +Andrew Bartolot, ME general manager home loans, expected this year's spring property market to be much quieter due to the impact of COVID-19. + +“Despite some more listings this Spring and record low interest rates, economic concerns will dampen demand. + +“Plenty of challenges remain including high levels of unemployment, job insecurity and lower immigration, impacting people’s willingness to transact in property. + +“Many Australians are also on home loan repayment pauses. The gradual end of this type of support will be a critical juncture for the property market going forward.” + +CoreLogic figures showed the top end of the market had suffered the most in the two largest housing markets with upper quartile prices falling 3.3 per cent in Sydney from the recent peak compared to falls of just 0.7 per cent across the lower quartile. + +"In Melbourne it's even more amplified with the top end of the market down 7 per cent from the recent peak and the lower quartile down 2 per cent," Mr Lawless added. + +The regional housing markets have continued to outperformed the capital cities. + +“Unlike their capital city counterparts, which usually receive 85 per cent of net overseas migration, most regional markets have avoided the drop in demand caused by the pause in migration," Mr Lawless said. + +"Regional markets may also be appealing for their relatively low density and lower price points. The normalisation of remote work through the pandemic could make proximity +to major cities less of a factor in home purchasing decisions.” + +https://www.afr.com/property/residential/price-falls-cushioned-by-artificial-market-20200901-p55r6o +Hello everyone, + +Welcome for part II of this series on the greeks. In this episode we'll talk about delta. I know most of you are familiar with this concept as it is one of the most "famous" greeks to grasp, so today's goal will be to provide you with some alternative definitions as well as other tools to better understand how greek evolve when varying different parameters. I also want to keep mathematics to a minimum, as this not really the goal of this series. I'd rather help build a framework to understand what affects options and after that we can adopt a sounder method to think about more complex options strategies, how to manage them etc. Without further ado, let's dive in! + +What is Delta? Pick your favorite definition + +&#x200B; + +**Definition 1**: Delta is how much the price of an option changes for a 1$ move in the underlying asset. It answers the following question: If the price of the stock rises by $1, how much would you profit? + +To answer that question, the trader must consider the delta of the option. Delta is stated as a percentage. If an option has a 50 delta, its price will change by 50 percent of the change of the underlying stock price. So if the underlying rises by 1$. you can expect your call to rise by 0.50$ + +&#x200B; + +Delta is generally written as either a whole number, without the percent sign, or as a decimal. So if an option has a 50 percent delta, this will be indicated as 0.50, or 50. For the most part, we’ll use the former convention in our discussion. Call values increase when the underlying stock price increases and vice versa. Because calls have this positive correlation with the underlying, they have positive deltas. Here is a simplified example of the effect of delta on an option: + +Keep in mind that these are just approximations. Just like all greeks delta is not static, it is likely that the change in prices would be exacerbated by gamma, but we will see that later on. + +Puts as you may imagine have negative deltas, by the same logic a drop in the underlying would increase the value of the puts. + +&#x200B; + +https://preview.redd.it/7jezryy855j71.png?width=570&format=png&auto=webp&s=c9bd4e4a68323abdcf62d2743fdbaa3020c31eac + +&#x200B; + +&#x200B; + +**Definition 2**: Delta can also be described another way. The following figure shows the value of a call at a variable stock price. As the stock price rises, the call is worth more; as the stock price declines, the call value moves toward zero. Mathematically, for any given point on the graph, the derivative will show the rate of change of the option price. The delta is the first derivative of the graph of the option price relative to the stock price, or the slope of the tangent. + +&#x200B; + +https://preview.redd.it/nbe8sv1a55j71.png?width=1281&format=png&auto=webp&s=85a5a278e1f1218f3544deb03a09234d6907498d + +In grey, you can see the theoretical and expiry payoff for a 100C. The theoretical payoff looks at the same option but with 6 months remaining and a 25% IV. The difference between the theo P&L and the expiry payoff is the extrinsic value of the call. Not only is the orange line the payoff at expiry but you can also think of it as the intrinsic value + +I made this quick spreadsheet that allows to compute the theoretical P&Ls at different times, IVs, Strikes etc. I'm not sure how to share it on Reddit. Shoot me a private message with your email and I'll send it to you if you're interested. + +&#x200B; + +&#x200B; + +**Definition 3**: The delta of an option is between -1.00 and 1.00. Its price can change in tandem with the stock, as with a 1.00 delta; or it cannot change at all as the stock moves, as with a 0 delta; or anything in between. By definition, stock has a 1.00 delta—it is the underlying security.. A $1 rise in the stock yields a $100 profit on a round lot of 100 shares. A call with a 0.60 delta rises by $0.60 with a $1 increase in the stock. The owner of a call representing rights on 100 shares earns $60 for a $1 increase in the underlying. It’s as if the call owner in this example is long 60 shares of the underlying stock. **Delta is the option’s equivalent of a position in the underlying shares.** + +In other words, if a trader buys seven 0.27 delta calls, he is effectively long 189 shares (7calls \* 0.27delta \* 100shares = 189 shares). This would mean that a 1$ rise per share should generate a 189$ profit. + +This trader would be effectively short 189 shares if he had bought -0.27 delta puts or if he had shorted these 0.27 delta calls. + +**Definition 4**: This is mathematically imprecise but is used nonetheless as a general rule of thumb by options traders (again I'd be happy to show you why this is case in a more math oriented post). Delta is an approximation of the likelihood of the option expiring in-the-money. An option with a 0.75 delta would have a 75 percent chance of being in-the-money at expiration under this definition. An option with a 0.20 delta would be thought of having a 20 percent chance of expiring in-the-money. + +This can be used as a rule of thumb. For example, if I sell a -0.16 delta put, I would have about a 84% chance (1-0.16=0.84) of making a profit. + +Let's take this a bit further for more complex strategies and look at a strangle and how we can approximate the probability of making at least 0.01$ in profit. + +Let's say we sell the 450C and the 434P, both expiring on Sep 17 on SPY. We get a credit of about 7.00$ for that. Now we just need to find deltas of the breakevens for each leg. + +In this case, our breakeven on the call side is 457 (450+7) and on the put side, it is 427 (434-7). Now we just need to find the deltas of the breakeven strikes, which are 0.16 and -0.22. Now we simply add those two together which is 0.48 and finally, we simply do 100 - 48 = 52% Probability of Profit. + +&#x200B; + +**Moneyness and Delta** + +The next observation is the effect of moneyness on the option’s delta. Moneyness describes the degree to which the option is in- or out-of-the money. As a general rule, options that are in-the-money (ITM) have deltas greater than 0.50. Options that are out-of-the-money (OTM) have deltas less than 0.50. Finally, options that are at-the-money (ATM) have deltas that are about 0.50. The more in-the-money the option is, the closer to 1.00 the delta is. The more out-of-the-money, the closer the delta is to 0. + +But ATM options are usually not exactly 0.50. For ATMs, both the call and the put deltas are generally systematically a value other than 0.50. Typically, the call has a higher delta than 0.50 and the put has a lower absolute value than 0.50. Incidentally, the call’s theoretical value is generally greater than the put’s when the options are right at-the-money as well. One reason for this disparity between exactly at-the-money calls and puts is the interest rate. The more time until expiration, the more effect the interestrate will have, and, therefore, the higher the call’s theoretical and delta will be relative to the put. + +&#x200B; + +https://preview.redd.it/stm8e23c55j71.png?width=1024&format=png&auto=webp&s=9e7ae0e78df598e9bd1db8529fb9af780c08b3ce + +**Delta and Days to Expiration** + +In a close contest, the last few minutes of a football game are often the most exciting—not because the players run faster or knock heads harder but because one strategic element of the game becomes more and more important: time. The team that’s in the lead wants the game clock to run down with no interruption to solidify its position. The team that’s losing uses its precious time-outs strategically. The more playing time left, the less certain defeat is for the losing team. + +Although mathematically imprecise, the trader’s definition can help us gain insight into how time affects option deltas. The more time left until an option’s expiration, the less certain it is whether the option will be ITM or OTM at expiration. The deltas of both the ITM and the OTM options reflect that uncertainty. The more time left in the life of the option, the closer the deltas tend to gravitate to 0.50. A 0.50 delta represents the greatest level of uncertainty—a coin toss. Here we can see the deltas of a hypothetical equity call with a strike price of 50 at various stock prices with different times until expiration. All other parameters are held constant. + +The more time until expiration, the closer ITMs and OTMs move to 0.50. At expiration, of course, the option is either a 100 delta or a 0 delta; it’s either stock or not. + +&#x200B; + +https://preview.redd.it/qiz083fd55j71.png?width=400&format=png&auto=webp&s=faa372687de21fd0073209dd88b3154efcf01fa7 + +**Effect of Volatility on Delta** + +The level of volatility affects option deltas as well. We’ll discuss volatility in more detail in future chapters, but it’s important to address it here as it relates to the concept of delta. Here we can see deltas for high and low IV options. Notice the effect that volatility has on the deltas of this option with the underlying stock at various prices. At a low volatility with the call deep in- or out-of-the-money, the delta is very large or very small, respectively. At a higher volatility, deltas are smaller. Generally speaking, ITM option deltas are smaller given a higher volatility assumption, and OTM option deltas are bigger with higher volatility. + +&#x200B; + +https://preview.redd.it/0a2d335f55j71.png?width=259&format=png&auto=webp&s=c59059a9d4228bfcfcb0a46069f23cfd49814d1e + +But why is this the case? I won't give a direct answer, but I'll give a hint. Think about the useful definition of delta, with the probabilities. I'll be happy to answer any questions in the comments. + +Thanks again for reading, providing some nice feedback, and adding some details in the comments. + +Have a nice day and don't lose too much money! +Reviewing my retirement account I noticed that there were no contributions s made to my account since Dec 2021. The deductions have been made from my paycheck. I questioned the woman who is in charge of this in our office (dental office under 20 employees) and her response was “Yeah we’re behind on that”. This is not the first time there has been long gaps between contributions. +Im looking for advice on how to proceed. + +Edit +Wow I wasn’t expecting so much attention to this post. Thanks for all of your responses! I plan to speak to the Person in charge of the 401k contributions and the Dr. tomorrow. I just want the situation corrected, I don’t want to take the nuclear option. I have been with this office for over 20 years and a lot of ups and downs. I’m not ready to leave over this. +My boss said that he's gonna make 1 percent every day and if he does that ge can make over 10x his money in a year. But I told him the sp500 om average is 7 percent and even hedge funds can't outperform that. He cut me off and said lots of millionaires stay wealthy by trading the stock market themselves daily. I told him I'm not sure who he thinks these people are but that it's not remotely as easy as it seems. He got annoyed with Me and just said that I didn't know what I was talking about because he had access to special information. Why do people think that it's easy to get 10x every year? By the way he put 50000 into the stock market into a company and lost 95 percent of it. Who is telling these people or how do they come to the conclusion that beating the market (treasuries bonds crypto equities commodities) isn't insanely easy but insanely hard and even warren buffett can't get 17 percent a year and he's the best in history? This guy doesent even what what a pe ratio is. He doesent know that stocks are fundamentally companies and have earnings and revenue and market position and strategies that they implement will implement have implemented and that earnings or the conclusions of the market participants shape generally stock prices along with other factors or course. But how is it that this guy basically brushed me off as a Moron and then went and crashed 95 percent of his 50000 and then still has more cash in reserve I think like 150 k that he's gonna deploy to quickly join the millionaire ranks? He's 27 years old and lives out of his car to save money for what he calls investing and obviously is really speculation. + +Funny part is there was a new employee he was bragging to about how he made 20 dollars to buy his lunch. Only 49980 dollars to go to breakeven but of course he didn't talk about his losses +[Source CNBC](https://www.cnbc.com/2018/06/28/nike-sales-top-estimates-as-retailer-sees-return-to-growth-in-us.html) + +[Nike](https://www.cnbc.com/quotes/?symbol=NKE) on Thursday reported earnings and sales that topped analysts' expectations for the fiscal fourth quarter and announced a new, four-year $15 billion share repurchase program. + +The company said it saw a "return to growth in North America," which has lately been a sluggish spot for sales following a handful of retail bankruptcies. Revenues, meanwhile, were up double digits in international markets during the latest period, as Nike reaped the benefits of a handful of new product launches. + +Nike shares jumped nearly 12 percent to an all-time high on Friday following the news. + +The Oregon-based retailer reported net income of $1.1 billion, or 69 cents per share, for the quarter ended May 31, compared with $1 billion, or 60 cents a share, a year ago. Excluding one-time items, Nike earned 69 cents a share, 5 cents ahead of analysts' expectations, based on a Thomson Reuters survey. + +Total sales climbed 13 percent to $9.8 billion, again ahead of a forecast by the Street for $9.4 billion. Nike said its digital business alone was up 41 percent during the quarter. + +"Fueled by a complete digital transformation of our company end-to-end, this year set the foundation for NIKE's next wave of long-term, sustainable growth and profitability," CEO Mark Parker said in a statement. + +Part of Nike's latest strategy to win back sales in the U.S. includes selling more directly to consumers (thereby improving gross margins), making bigger investments in women's footwear and apparel, piloting a test with [Amazon](https://www.cnbc.com/quotes/?symbol=AMZN) to rid the marketplace of counterfeit goods, and partnering with subscription service [Stitch Fix](https://www.cnbc.com/quotes/?symbol=SFIX). + +Nike has also been focused on adding experiences to stores and scaling new merchandise. A new React cushioning technology in its sneakers has been one big hit, for example. + +Nike's business — much like that of its peers in the athletic footwear and apparel industry — has been particularly stronger outside of North America of late. In areas such as Greater China, for example, there's still more room to grow. Retail bankruptcies in the U.S. (i.e., Sports Authority and Golfsmith) have been disruptive for companies such as Nike, [Under Armour](https://www.cnbc.com/quotes/?symbol=UAA) and Adidas. + +During the latest quarter, Nike said sales excluding currency changes climbed 3 percent in North America, 10 percent in Europe, the Middle East and Africa, 25 percent in Greater China, and 13 percent in Asia Pacific and Latin America. Footwear sales were up 8 percent overall, apparel sales climbed 15 percent, while equipment sales dipped 3 percent. + +"Our new innovation is winning with consumers, driving significant momentum in our international geographies," Parker said. + +Nike has been embroiled in a #MeToo moment, with several senior male employees leaving abruptly or set to leave Nike later this year, including brand President Trevor Edwards. Edwards was expected to be the next CEO in line after Parker finished his term, but he will now retire officially in August amid complaints about his poor workplace conduct. + +Parker has since apologized to Nike employees in an internal memo for allowing a corporate culture at Nike that excluded some workers and for failing to take complaints about workplace issues more seriously, [sources familiar told The Wall Street Journal in May](https://www.wsj.com/articles/nike-ceo-apologizes-for-corporate-culture-that-excluded-some-staff-1525399012). + +Nike's chief of human resources, Monique Matheson, has also since said that Nike will make changes to ensure women and minorities are better represented in top jobs at the company. + +Wall Street hasn't been as rattled by the #MeToo developments at Nike. Some industry analysts have applauded Nike's efforts to conduct a sweeping internal review of personnel before the situation worsened. + +"We are encouraged that the Company is embracing change; both culturally and with progressive go to market strategies," Stifel analyst Jim Duffy said. "Against this backdrop, we expect the Company shows strong evidence of firming fundamentals that make more tangible capacity for the long-term objective high-single digit revenue growth and mid-teens EPS growth." + +Looking to the future, Nike is more upbeat about fiscal 2019, building on the latest momentum within the U.S. It hiked its sales outlook Thursday and now expects revenues to increase a high-single-digit percentage rate, up from a mid-to-high range. + +As of Thursday's market close, shares of Nike are up more than 34 percent so far this year, trading around $72 apiece. The company has a market capitalization of roughly $115.6 billion. +Index funds are the safe and easy way to invest your money, but shouldn’t we talk about stocks in r/stocks and not just vti, spy and qqq. Sure no one knows for sure which way a stock is going to go, but we can speculate and have the odds on our favor. r/stocks isn’t for the people who want to throw $1000 away each month and never think about it. r/investing should be for that stuff. We’re here to try and make money. Now I’m not saying that index funds are bad; if a person comes here saying "I just got x dollars, what should I do with it?" Telling them to put it in vti or spy is fine. We just shouldn’t be making posts about why spy and vti will be the winner in the long run. Half of the capital in the s&p500 is beating the market, and half is losing. We should be able to at least get decently accurate as to who will end up on which side. + +In short, we should do more talking about stocks than index funds here in r/stocks + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Throwaway; a couple years ago I hated my corporate job and followed my passion. My husband was ok with it and fully supportive even if it meant I wouldn’t make much. With a small personal investment and a major sacrifice, my business dream came to fruition. + + I opened a dress business; which quickly grew into an e-commerce business that has grown tremendously fast. My personal compensation is 10% of the monthly revenue, which right now is anywhere from 40k-70k a month. It’s been life changing for my husband and I. + +I absolutely love what I do. I love my job and I love the industry. In fact, I look at dresses all day in my down time. You could call it a hobby that makes me money and takes up most of my day. + +Whilst I’m happy - I feel like right now so much of the business truly runs my life - rather than the other way around. I lack the boundaries when to stop and lately I am wanting more ‘lifestyle’ - where I work less or can dawdle around. I recently had a baby and want to kick back a little more and delegate to others. + + I recently felt slightly envious of a friend on maternity leave who had zero responsibilities for 2 months (she has a normal corporate job) +I would love to have just a solid week of not having to run things - but I then remind myself I make a very high income that not many others do; and this is the reality of my lifestyle choice as a business owner. + +I currently have 7 employees and could do with a few more; and I’m working on offloading some more responsibilities. + +For those of you who have grown your business in such a manner; how did you step back or manage to achieve the ‘lifestyle’ where you feel like the business doesn’t run your life? +As harsh as it may sound, it’s true. You have to accept the fact that fiat value of your portfolio is constantly changing. It can go XY% up or down on a daily basis. Sounds pretty obvious right? Well guess what. Some people are still not able to deal with this. That’s why they’re panicking and checking the prices every 5 minutes. It messes with your head. Trust me I know what I’m talking about coz I had the exact problem few years ago. You have to develop a mindset of a gardener to be able to accept the short term volatility. At the end of the day, time in the market beats timing the market. I know, you’ve probably heard it a thousand times before. Just don’t let it consume you. I believe in you. + +Just my 2 cents guys, don’t take it too seriously. Take care. + +EDIT: Thank you so much for the feedback! Some people think this post is just a stupid karma farming. I know, it’s nothing groundbreaking but there are many new investors who might find it useful so let that sink in. +I'm 32 and looking to FIRE... already have 100k in the markets through retirement funds and I paid a large portion of my house off, I have no other debts and already own 2 cars. + +I have 95k left on my mortgage and just recently got a bonus and made some extra cash, so i have 40k in the bank. I only need 10k for an emergency fund, so I'm trying to decide what to do with the last 30k. + +I can pay down the mortgage more, which seems like a smart thing to do considering im paying 4.25% interest. Im nearly to the point where my mortgage deduction isn't as much as the standard deduction, so taxes aren't really a consideration anymore. + +I think the smart thing to do is take the no risk 4.25% by paying off the mortgage right? Or should I be putting even more into the market? +High school student, seeing friends and college students on social media saying how they make enough to quit their part time/full time jobs from forex, when some have only been on it for a few months. Almost all say they are in groups, and people should join to get videos and it’s best to learn with a mentor and a group to share trades. Some try to recruit. Some say although you have to pay, it’s worth it because of what you get to learn. + +Maybe the answer is obvious, but they can’t all be lying right? I’m talking I’ve seen hundreds-thousands of high school and college students all claim the same thing about forex on social media. I obviously haven’t seen any profit, as in clear money from forex, but I find it insane, but hard to believe that all these people fall under the same umbrella and are lying/spewing hyperboles + +EDIT: falling for a * in title +Hey guys. I have no idea how it works but I am getting ready to start my educational journey into learning forex so I can eventually start day trading. One question I did have is, in order to make some profit do you HAVE to be trading from market open to close Monday - Friday? If I'm trading say just 3-4 days a week is it still possible to be profitable? + +I am always doing my best to give everything an ALL or nothing effort so I am not asking because I want to half a$$ this. I just ask because I do have a non-profit I run which right now requires physical presence at least 1-2x a week and since Covid have been helping out family by babysitting my nephews a few days during the week. So before I go ALL IN I am curious to know if any of you who have been making progress and/or profit since starting to trade feel that I can miss a day or two during the week and still make it work? +Hi guys. + +I'm sure this question has come up a lot on this sub, and since I'm new here (not so new to FX trading though, I know the support/resistance basics, some candlesticks, trendlines, and I know my way using MT4), and all I've seen online apart from this sub is just people trying to sell you FX trading systems that most likely are scams, I would like to ask you this: + +1) Can FX trading be treated as a reliable business? I mean, I ask because even though we might have a strategy put in place that we can use for our trading, there's still a bit of "chance" when you trade, don't you think? If that's so, how can I rely on something that might have a bit of chance of winning, or losing for that matter... +EDIT: I already see one of the answers here, that says that this is not possible. If that's so, then my question is: What's the point of trading then? + +2) Do you think FX will be done anytime soon? This might be the dumbest question in the planet, but I've wondered about this for a while, and I might just ask it. The only way I see FX going away is if all the currencies in the world are changed for something other than money, or whatever. But have you thought of any of this ever? + +3) I know there are trendlines, fibonacci, indicators, moving averages, support/resistance, the news as well. But it's like, at first it all can be confusing to a newbie, and I guess the question is: How can you know what works and what doesn't work, when coming up with a strategy? How does the process of putting together your strategy go? This might be a confusing question, and let me know if I'm not explaining myself, so I can try better. + +Thanks, and I'll look forward to learn as much as I can from you guys, and the free guides you have provided. This truly is a wonderful community! +Hi guys. + +I'm sure this question has come up a lot on this sub, and since I'm new here (not so new to FX trading though, I know the support/resistance basics, some candlesticks, trendlines, and I know my way using MT4), and all I've seen online apart from this sub is just people trying to sell you FX trading systems that most likely are scams, I would like to ask you this: + +1) Can FX trading be treated as a reliable business? I mean, I ask because even though we might have a strategy put in place that we can use for our trading, there's still a bit of "chance" when you trade, don't you think? If that's so, how can I rely on something that might have a bit of chance of winning, or losing for that matter... +EDIT: I already see one of the answers here, that says that this is not possible. If that's so, then my question is: What's the point of trading then? + +2) Do you think FX will be done anytime soon? This might be the dumbest question in the planet, but I've wondered about this for a while, and I might just ask it. The only way I see FX going away is if all the currencies in the world are changed for something other than money, or whatever. But have you thought of any of this ever? + +3) I know there are trendlines, fibonacci, indicators, moving averages, support/resistance, the news as well. But it's like, at first it all can be confusing to a newbie, and I guess the question is: How can you know what works and what doesn't work, when coming up with a strategy? How does the process of putting together your strategy go? This might be a confusing question, and let me know if I'm not explaining myself, so I can try better. + +Thanks, and I'll look forward to learn as much as I can from you guys, and the free guides you have provided. This truly is a wonderful community! +This article say that there are more net long traders for AUDUSD. + +It is also well known that 90% of traders loss money. + +I guess you should be shorting AUDUSD if you want to be in the other 10% + +https://www.dailyfx.com/forex/technical/sentiment/2021/08/18/AUDUSD-IG-Client-Sentiment-0523.html/amp +What was the the trade you entered perfectly or risk the least and got the most or just went exactly how you planned it from execution to completion? + +I ask because a lot of the time on here people will share negative experiences but not great ones. + +(P.S. I don’t mean posts about how you made x amount/ your consistently profitable and you peasants won’t reach my level type stuff) + +Kind regards + +Cyssero4 +I listen to a number of different trading podcasts. I've heard forex traders looking for volume data putting together their own ea's/indicators that collect this information externally and bring them into mt4. + +What sources offer this information? I know Quandl (for a $1250/mo cost) will allow you to pull information from CLS. However, that is day old information. Still useable for intraday but am I missing other potential sources? I cant imagine where they'd get it. + +I'm interested along Market and Volume Profile purposes. Also, VWAP. + +Thoughts? + +EJ +I’m currently just starting to read up on forex and beginning to inform myself. I’m still very new to the topic and plan to study for a few months so I can take on demos and then a live account. I still don’t understand this though: + +The fx market fluctuates multiple times in x amount of minutes. given a normal market situation, why can’t a trader just wait till the charts go back up in their favor and at LEAST break even? + +Edit: grammar. + +Thank you everyone for such great and informative responses. +When looking at very successful money management firms, I see funds that trade in stocks. I really enjoy the forex market but I’m unsure on how I can scale a one man trading setup to a larger operation as I don’t know if there are big forex hedge funds. Is forex trading scalable enough to reach that level of money volume? Who has done it? Are there any books or interviews I can watch to better educate myself? +I've had to apply for jobseeker for the first time and noticed that for the last two reporting periods an old employer that I have had no contact with for over 10 years have reported paying me income to the tune of about $1000. I can't fathom a reason for this other than they're using old employees to try to get the extra JobKeeper payments from the government and are pocketing them? This will obviously affect my jobseeker eligibility, what is the best way to approach this? Try to get in contact with ex-employer, Centrelink, or is there another department this should be referred to? TIA + +Edited to add: I have not received any money from them. +Hey everyone, + +**I fixed a couple of things, so if you already have a copy make yourself a fresh one!** + +[**https://docs.google.com/spreadsheets/d/10MRjupIWNNAO4fdKkgW9QM\_IUpPrduHtKz\_JiS8JUUA/edit#gid=1116024769**](https://docs.google.com/spreadsheets/d/10MRjupIWNNAO4fdKkgW9QM_IUpPrduHtKz_JiS8JUUA/edit#gid=1116024769) + +**The spreadsheet consists of two sheets:** + +1. **Tracker:** A watchlist to track stocks and automatically pull financial ratios and data. +2. **Fundamental Analysis:** A way to automatically pull financial statement data, ratios and metrics for analysis. + +Everything is **automated**, the only things you have to change are the **tickers** and **data points** you want to pull. + +**Getting Started:** + +1. **Open it, go to File and click Make a Copy** +2. **Follow all of the instructions on the "Guide" tab** + +**Use the sheet in this way:** + +1. Add new tickers to column A of staticData +2. Sort column A of staticData by A-Z each time you add a new ticker +3. Add the ticker you want to analyze to A1 of fundamentalAnalysis in UPPERCASE + +If you end up adding new rows to Tracker or staticData you'll need to make sure the formulas are applied to each column, do this like you would in Excel, drag the cells down. + +**If you like the spreadsheet, buy me a coffee!** [**https://www.buymeacoffee.com/oldworlds**](https://www.buymeacoffee.com/oldworlds) +Hey apes, just following up on my earlier post and wanted to share how the call went. + +It was basically an early screen that was not subject to an NDA, hence why I am sharing it with you. It's something I was genuinely interested in and I think I am qualified for, but I guess I was not selected for a follow up conversation. I've been ghosted by the recruiter since we spoke since Thanksgiving, but I know he has at least been viewing my emails due to an email tracking plugin I have. + +Some takeaways from my conversation: + +* A big thing is that they were looking for someone to be hands on and not just strategic in their ivory tower. +* It was repeatedly emphasized that there was a lot of visibility around the role. That it would interact a lot with the CTO and COO. +* There were some crypto questions to prove background knowledge and interest. +* They acknowledged that they were not trying to become the next Amazon. +* They said there was going to be a lot of experimentation, a lot of figuring things out as they went along. A timeline of 2-3 years to get it right was mentioned. +* Something peculiar... after they said the next steps would be with the CTO, I said I would love to speak with Matt. They then said that they could not confirm or deny that next steps would be with Matt. I namedropped Matt because I thought it was Matt Francis (who I quickly googled), but that response was made me think that there was potentially another person or Matt that was leading the team. + +Had I been selected to continue, the next conversation would have been with the CTO and then I believe a take home exam before meeting with more people. It sounded like the recruiter was interested in my profile and passing it along, but not sure if my background popped enough to be chosen for the CTO. An NDA was required for the next round and they mentioned signing it in advance to expedite the process in case I was selected. Nonetheless I have since received and signed another offer. + +Overall a good conversation aside from being ghosted. Happy to show mods my inbox and email headers if asked. +Hello, + +&#x200B; + +I've been at my current company now for coming up to 3 years, and I quite like where I work. I can WFH whenever I want really, the work is good and challenging however I received a bloody awful pay rise last year... 1%. + +&#x200B; + +I've recently went for a job interview and it went very well. £10k pay rise and a potential to get a 30% bonus annually and the benefits are just as good as my current place... However I don't feel at all thrilled about this new position, I can't really put my finger on it. + +&#x200B; + +In an ideal world, I just like to use this new job offer as a leverage in asking for a pay rise, without it affecting my job security... How can I go about doing that? I've recently just purchased my first home so job security right now would be lovely until I get a bit more cash underneath us... + +&#x200B; + +Thanks + +Edit: thanks everyone for your responses. I think I have a plan of what Im going to do next and will keep you all updated on how it goes. +I was discussing this with my mum on my latest visit to her. She also seemed keen to put into the pot should I want to do this. + +I was thinking for the short - medium term of buying just an open plot of grassland (or similar) in the country somewhere to grow veggies if I fancied it and/or to just let sit as an investment as you do with stocks. Seems a more fun idea than stocks. Can it appreciate in value or at least stay the same value like stock? That wouldn't be the sole purpose for it, it would be to use for the above, tilling the land or just chilling but would be nice to know it was holding its value at least. + +Not really sure where to begin in my research for this so looking for advise. + +I am only talking a tiny patch for now, maybe the size of of a normal suburban house plot, but I must re-iterate I do not intend to build a house on it since my mum told me that would increase the cost of buying 10 fold at least, with the planning permission considerations. +Hi all, + +financial situation - myself and my partner are 22, Our joint income is £53K a year. Location is the north east. + +Most of our friends are renting/living with parents however we’ve managed to save up a 10% deposit so we are thinking of buying. We are looking at houses in the region of that need a bit of work doing them (our aim is to buy a house that’s detached but has the potential to extend later down the line). + +As we are young we’d still love to have the money to go on holidays, festivals and have some good days our with our friends so we are considering a 35 year mortgage. Does it seem a bit silly to be taking a mortgage if that length for this reason? + +Thanks +This one is for the apes that, like me, get through about 2 paragraphs of an average DD post and just assume anything that long and incomprehensible has to be right. I'm sure they usually are, just as the TA sometimes gets it right. But beyond all that, I'm holding because the people who would know if we're right have made it pretty fucking obvious that we are. + +Let's talk about the clear-as-day, fucking Bat-Signal-sized signs that have been put out by the chairman and the goddamn company itself, and why you'd have to be blinder than an SEC officer ~~with a masturbation problem~~ (edit: redundant) not to see the MOASS is happening and happening soon. + +First, let's fondly revisit the 48 hours that @Gamestop went full ape (*always* go full ape). This was a full-court social media blitz - not just "moass effect," but posts and replies on multiple platforms that winked, nudged and all but confirmed Gamestop corporate knows exactly what we're about and that they're here for it. + +My theory is this was directed by Cohen and was a either a test of the SEC or the result of a dispute with them. He may well have had proof that hedgies were manipulating sentiment on reddit and elsewhere, and after the SEC didn't step in, figured that meant he could drive his own sentiment. + +But that's just a theory. + +RC himself has tweeted multiple memes that came specifically from this sub and GME-related subs, as recently as last month. + +If it was just once, maybe he saw someone who took it from reddit and tweeted it. I count at least 3 memes directly from this sub, not counting the Lego Gamestop, which is riddled with direct references to this community. + +And this is not a guy known for tweeting a lot. Thirty-four times this year, by my count. Try counting Cokerat or Muskman's sometimes-hourly missives. + +So he either: + +A. is one of the brashest hucksters in a generation, playing a ridiculously intricate and dangerous long con that would require Nostradamus-like precognition and the willingness to gamble unfathomable amounts of money gained from honest endeavors on a dishonest one. + +Two: is completely oblivious, and tweets random stuff he finds online without knowing its significance. + +Or III. has seen our community's DD, and knowing what he knows, knows that what we know is worth knowing about. We're right, MOASS is happening, hedgies r fuk. + +Let's toss two right out - Cohen is obviously an intelligent, rational individual. He is a self-made billionaire in his 30s. He's also the chairman of the company and is, in the very least, surrounded by competent analysts keeping him abreast of our 600,000 member community of like-minded investors and what we're like-minded about. + +Let's play devil's advocate on A., that he's leading us all on. He'd be risking not only tens of millions of dollars, but his reputation and his career in finance. If it was some kind of insane pump and dump scheme, he would have dumped his shares, quit the board and left with his additional billions months ago. + +Or, III, he knows he can transform the company, he knows the fuckery that's transpiring, he knows we're right, and he's signaling that to us, probably in the clearest way that his legal team is comfortable with. + +He's saying there's a chance. He's telling us to buckle up. His actions are speaking louder than his words as he builds up the company brick by brick to bring the power to the players, because we can't stop. We won't stop. **GAMESTOP.** +When it comes to investing in crypto, we do many operations, most of them positive. +The problem is, could everything have been so much better? People selling and seeing their coin pump some time later, or not buying some coin that you have been considering and miss a x5 or x10. + +My biggest regret has been to sell part of my ROSE at $0.09, having bought at $0.06. + +It's not a big deal or anything comparable to people who sold BTC at $100 or bought ICP at $600. + +What has been the worst operation or the one that you regret the most? +So my boss just quit and with the whole brexit ordeal I'm thinking about moving to America or Asia + +If I chose to do so, will I be able to keep my bank account? Reason why I'm asking is because I have my Degiro stocks account associated with it. I'm not a UK citizen +I've been holding a good amount since early Feb, averaged around $60. I work and go to school full-time, so I decided to step away from the media (of all kinds) relating to GME. I've gotten so burdened at times I've completely forgotten I've even had GME in the first place. Truest 🦍 + +I came back, only to see something called a DRS and some fancy delicious lookin purple ring everybody's seems to be talking about. 🟣 + +I transferred all my shares from Webull, Public, and SoFi to TDA this summer. Am I still good with TDA? +Hey Folks, + +My first ever Reddit post and I guess I chose to make an essay of it. This post is about how 2020 has been a stellar year for me in the stock market. For context, I'm 32 and have a been trading for about 7 years. I started in 2013 with stocks and then in 2016, I switched to options trading which had disastrous consequences at first, but is also the reason I eventually managed to hit the million dollar mark. Disclosure: I have a pretty stable career completely unrelated to the finance world so a lot of this is mostly self taught, which I am sure is also the case with most readers :) + +I will preface this post by saying that I am aware that there have been a bunch of success stories in the market in 2020 and by no means do I intend for my excitement and elation in sharing my story to come of as chutzpah. 2020 has been a crazy year considering the adjustments we have had to make to our lives because of Covid. The "benefit" of this has been the ability to wfh and this lifestyle change has spawned a whole new population of day traders. As an inhabitant of an area that follows Pacific Time, the 2.5 or so hours before work officially begins has been an absolute blessing for me. This additional time coupled with super favorable market conditions, gumption/balls of steel and a good technical understanding or experience of the stock market are the factors that probably led to my success. I will also say you need A LOT OF LUCK in this process. Sometimes things just work out for you in life and you ABSOLUTELY need that to even come close to achieving something like this. + +Point to note: This post is going to ignore the injection and removal of some of my own funds along the way. You can assume the highest "baseline" amount I ever had in the account was around 140k. I mention starting at 11k but please note in no way is this post saying I went from 11k to >1 million. + +Here's this year's action and the next few images summarize/document my crazy journey to get to this point. + +[BOOM portfolio as of 10\/1\/2020. 3000&#37;. You can do it too!](https://preview.redd.it/iqyzc5ygtiq51.png?width=2279&format=png&auto=webp&s=e8aa2d7b37a972287642b9a7c82a93c08bf9eede) + +I started trading 7 years ago. Mostly stocks. It was all good but humans have a propensity for risky behavior and I am human after all. This tendency meant that I couldn't just let my money sit in an account and grow gradually. I will admit I have a gambler/risk taker mentality and you must realize how critical this characteristic is to achieving success like this. Anyway, started dabbling in options in 2016 and I probably went about it the wrong way. My first foray into the options space was via long calls (which I realized later is actually only recommended for Options "Veterans" and not for those starting out as novice traders). Got burned A LOT along the way . I start with 11k in 2015ish and built that to about 39k by May 2017 and then literally lost more than 50% by 2019. Yuck! I know. Trust me there were days I would hate myself for being so incompetent or just displaying terrible money management. For this post, let's assume you only start seeing the action from Jan 8 2016 (image below) + +&#x200B; + +[The starting value here is reflected as \~100k](https://preview.redd.it/2nxonyp3uiq51.png?width=659&format=png&auto=webp&s=846446432b1b0fe01331233ddd9ad8896ba6d7f6) + +It's not so obvious anymore because the scale has been affected massively by the spike this year. But for clarity, my lowest point was Sep 2019 (See image below). I was heavily leveraged and this was where I was basically ready to give up. Thank god I didn't. So what changed? Read on! + +&#x200B; + +https://preview.redd.it/l5ugxjuhuiq51.png?width=566&format=png&auto=webp&s=032d472e0e912f43b35547214eacdae371870311 + +So in retrospect, I think we were in a very bearish environment between 2018 and 2019. People don't reference it as a bear market because lots of stocks did climb in that period (and it technically wasn't a bear market) but the tariffs on the Far East really messed with a lot of trading strategies and just market movement in general. My favorite stock in the early part of wealth building was AMD! I used that to build my portfolio and get out of the rut, post 2019. I basically took all my 80-90k (46k + 100% margin) and bought long AMD calls with strikes very close to the market price it was trading at in June-Sep 2018 and expirations 4-6 months out and just waited. POTUS did us all a great favor by ending the damn tariffs and that's when this party started. + +By March 2020, right before Covid, I hit 292k or so and was loving life and every minute of what I had pulled off. I will admit somewhere along the way between Oct 2019 and March 2020, I had traded NVDA and a few other large cap growth stocks given I now had all this additional purchasing power. BUT Guess what? My dumbass didn't take any profit! Or if I did, I reinvested it into the market. Remember what Mathew Mcconaughey's character says in WoWS? " They're all f\*\*ing addicted. As brokers, we take their money out from 1 stock and dump it in another and just keep making money. Who cares about the investor!" .... So anyway, Covid strikes and BAM! my portfolio fell back to around 105k. I was pissed (I am sure many of you suffered the same fate). Thankfully, we have had a V shaped recovery (or K depending on what your political affiliation is) and I basically used the next 6 months from March till today to supercharge my portfolio to what you saw in the first image. + +So here's what I learned along the way: + +**Disclaimer: None of what I mention in this post should be taken as financial advice. I accept no responsibility for how you do/do not use this information in your own trading strategies** + +1. The power of compounding is a beautiful thing. People understand this but don't full appreciate what this can do for you. If you start at 10k, you should aim to get to 20k first before trying to fly to 100k. When you get to a 100k, make sure you don't lose a single cent and have to start again from scratch. 100k with 100k margin = 200k. That can get you an ROI a helluva lot larger than if you were to start with 10k again. Grow your money in steps but know that in the casino, to win more, you have to bet more, which in this case would be your new principal amount after you have made profit. +2. Don't waste time trading rubbish. I see lots of new investors chasing the dollar stocks hoping they reach $10. Yes I did it with AMD but when I started trading AMD it had already gone from $3 to $16 in a year so the story was starting to build up! Penny stocks/pink sheet stocks are trash. Please don't waste your time on that. Large cap growth is the best way to make money. It's all about %. One option of TSLA or NFLX or AMZN purchased at the right time will make you a lot more than 1000 shares of a trash penny stock. +3. Technical Indicators are your friends. Learn how to use them, particularly in a bull market. I personally love Bollinger bands and RSI. These coupled with understanding the trend in a market will give you a significantly higher chance at making money than just speculating. Also, use these to either take profits off the table or to let your winners ride. 95% of all price action takes place within the +/-2 sigma bollinger bands(hence the definition). Don't believe me? Plot the chart yourself. Use the daily indicator for short term trading. Use the 3min or 5min chart for intra day trading. +4. If you are interesting in options trading, please go read or watch YouTube videos to understand how to get started. There is SO MUCH LITERATURE available for free. DONT PAY ANYONE to learn how to trade unless you want to contribute to the downpayment for their next Aston Martin :). Also, the Greeks didn't just give us great Mediterranean food, they are also the most important parameters in options trading. Delta and Theta should be with you at all times but dont' ignore gamma and vega. Alos understand how IV impacts your trading. The most successful/profitable strategy for me was (once I learned to do it correctly of course), buy call/put options with expiration>=2 months from the day you purchase them at a strike very close to the money. Don't worry about straddles and iron condors till you have mastered what the basics mean. Also, once you understand options and start buying them, know that writing Calls and Puts is a great way to collect premium as you grow your account. If you own shares, there's no reason you shouldn't be collecting extra income from writing calls against them. If a stock flies up too high, sell puts at 10% below the current price. In a bull market, you'll be hard pressed to find a growth stock that doesn't recover after tanking 10% in a 2 month time period. +5. Margin is your friend. Think of margin as the mistress/boy toy. He/She can give you unreal levels of pleasure but if he/she rats you out/bails on you, RIP. Use it wisely. Finally, trust nothing but your own instinct - No one but you is responsible for how you grow your account. Don't blindly follow people unless you understand what they are proposing. Most of us learn this the hard way (including me). +6. Take profit off the table but also let your winners run! Set yourself targets when you are in the very early stages of building your wealth. Remember the point I made about compounding? If you start at x, and make 20% on that, you are now at 1.2x. If you make 20% on that, you are now at 1.44x. I know you want to make 8x eventually but is it better to be realistic and try and grow 1.44x to 8x or go back down to 0.5x and then have to make your initial capital back and more? If your winners are up 20%, TAKE YOUR PROFIT. If you want to let it run, fine go ahead. But if you are now suddenly 50%, wtf are you waiting for? Are you going to stare at the screen hoping you suddenly see $1,000,000? That's not going to happen. Now, that said - in the current market climate which is a SEARINGLY HOT bull market, it is not unreasonable to see stocks climb 5-10% in a day. So? Take advantage of that of course but never ever let FOMO be the reason you lose out on profit. +7. Much like point 6, realize that you need to cut your losses when things don't work out. Go check out the CANSLIM method for some guidance on what targets to set yourself. E.g. in your early stages set tell yourself that no matter what, you will take profit at 20% upside and cut losses at -10% downside. On paper, with this math you can never lose. Of course, executing this requires curbing 10 different stages of human emotion which is why most never make consistent profit in the stock market. +8. Be greedy when others are fearful. I am at a stage now where I LOVE RED DAYS. Why? Because I know that in 24-48 hours the large cap growth stocks are going to recover and I will basically make close to 100% gains on my initial investment. Don't chase when others are chasing. Most of retail doesn't know wtf they are doing. Keep cash handy for days like this. Never be 100% invested with your entire portfolio and never be invested in a single stock unless you are very very sure based on technicals that you will see a rebound. And don't be scared to hit the buy button on a red day. Trust me, once you see it work you will instantly feel vindicated. +9. Finally, and most IMPORTANTLY. The risk taking mentality/gambler mentality is CRITICAL to making money. You won't hear this much and it might even be a controversial statement to make but your end goal should be to place a bet on a trade which you know, based on experience, will have a favorable/profitable outcome in the near future. To execute this you need to have the guts and the belief in what you are doing but also very low aversion to risk. I will add again that YOU NEED A LOT OF LUCK and a brazen assurance in your own abilities. These will come with time and you will likely make lots of mistakes along the way. But, if you are patient enough, you will reach that level where you stop second guessing your decisions and that's the day you are on your way to your dream portfolio. + +&#x200B; + +Okay, I could probably write much more and I might edit this again in future but I will stop here for now. I hope you were able to take something from this. I respect your opinions so feel free to disagree with anything, everything I have said. I am just sharing my story and always happy to hear yours too! + +Good luck folks. I hope you all make boatloads of money and have very happy, enjoyable lives regardless of whether you are motivated by money or not! + +\-Phantas + +&#x200B; + +**EDIT:** + +Thanks for the comments everyone. I appreciate both the love and the hate. Many of you make excellent points and valid arguments both for and against what I have done. + +I saw a few posts about how this might be fake. I understand that this is my first post and so it does create some doubt. Video proof below for those who had concerns on the legitimacy of the screenshots. I apologize in advance for the disparity in the numbers. Due to this morning's gains, the portfolio value in the video is significantly higher than when I made this post. + +&#x200B; + +https://reddit.com/link/j3fx2r/video/dteq0s1njpq51/player + +&#x200B; + +&#x200B; +Those are the prices they charge per ''1'' video to shill a coin.. + +# Youtubers and their ''shilling'' fees; + +&#x200B; + +https://preview.redd.it/aoyukq9wbru81.jpg?width=1283&format=pjpg&auto=webp&s=4916b0f06fde7b0dde5b5409f29f8baa3aa9693d + +# Instagram influencers; + +&#x200B; + +https://preview.redd.it/bvdoojx1cru81.jpg?width=1283&format=pjpg&auto=webp&s=e36d9ebe0166102d6e2a4dc046cf46717efe043b + +# Tiktok list; + +&#x200B; + +https://preview.redd.it/fso2zv44cru81.jpg?width=1284&format=pjpg&auto=webp&s=d8aabe58b1a9d31d639a02823413602c002c48e5 + +Please stop following those stupid influencers. Don't take advice from them. + Would you have discovered other metaverse projects if Facebook META hadn't happened, if you don't know much about technology? Because, to be honest, I didn't know much about these things at first. I had no idea second life existed. During the pandemic, I became interested in cryptocurrency for the first time. So, everything is still somewhat new to me. I still haven’t discovered a lot of metaverses and I only know Enjin, Bloktopia, Kirin, and Gala. I was interested in both Kirin and Enjin’s SDK and open-source platforms. I’m not sure if kirin is a PaaS though since it was only implied on their whitepaper from what I understand. If you will see each other from eye to eye, they have a lot of similarities in tackling the same problems that we currently have and want to improve. They both can be used to make NFTs, Games, and more. +But, of course, they don't have everything in common. For example, Enjin already has its own wallet, Can create your own gaming multiverse, allowing players to use and even level up their characters and items across sequels or entirely different games—or you can collaborate with other studios to do so and create your characters, weapons, real estate, and other gaming assets in advance and offer them to gamers via traditional crowdfunding platforms or a stand-alone website. Kirin, on the other hand, will have a learn-to-earn program where you can learn while earning crypto assets, the ability to communicate with each other like any social site, and they will have their own Oracle like Siri where it will assist you, greet you, assist you with contracts, and will also assist you with many features designed to help you with every learning curve when it comes to transitioning from web2 to web3. +I got interested in Gala mainly because of the walking dead. They also have teamed up with The Sims designer Will Wright and his team at Gallium Studios to make VOX happen which is super interesting and I’m looking forward to. +I still have a lot of research to do and a lot of learning to catch up on. Even if META is getting a lot of hate right now. I’m still thankful it gave light to people like me who are curious enough to learn more about the Metaverse. +On the way to fat with a partner, just wondering if anyone else out there hit their number and then went back to school for something perhaps more soul enriching? + +The recent run-up in stocks/RE has been kind to us and I can foresee punching out in the near term from an office gig (IT). Likely will be early to mid 40s and will not 'need' work to provide for generous living expenses. Thinking of going back to school for somethign in the medical field (nursing or PA, likely) just to stay engaged, learn/explore a new skillset, and work in medicine. Likely have the pedigree/smarts to do med school but no interest in 7 more years of school, am no spring chicken. + +Curious if any other fatties out there went back to try a different road after already winning the money game, especially if it's med-adjacent. +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. +Problem: We have a client in Egypt. Client owes us money, wants to pay us ASAP to continue service with us. Currently they can't pay us with a credit card (not sure why). A wire would take 4 days to get to us. + +So during the meeting the boss says "we need a secure and fast method of payment with the lowest transaction fees possible... So we decided to go with PayPal." + +I then suggested accepting Bitcoin then converting to fiat right away. The entire room proceeded to laugh right away and then it was suggested that "maybe we'll look at it next week." Kind of sarcastic... But I think what's happening is that no one really seems to get it. Bitcoin is a quick, secure way of paying with almost no transaction fees. Why people don't get this is still beyond me. Thought I'd share this story with you guys to illustrate how far behind we are as a society with adoption of this technology and how most people don't get it. +Alright you fucking ****** here’s a play thats so obvious and easy you’re gonna be wondering how you couldn’t see what I see. + + +So Zuck just got cucked on his shitty platform and even shittier Metaverse transition. That combined with paypal, spotify, and some other tech heavy less than stellar reports have broken the rally that’s happening this week. The market was wayy wayy wayy oversold and is simply retracing its gains back this week. But guess what stock didn’t really share in the retracement? + +AMZN broke out of its comfy 3000-3600 trading range that its been sitting in for the last two years, during the January correction. It bottomed at 2800 before correcting in the last 5 sessions back to 3000. Then after hours yesterday the stock dropped 200 back to 2800 purely off of investors fears that tech is getting clobbered in their earnings reports. + +This is a huge opportunity. All AMZN has to do is post an OKish earnings report and this thing will pop to 3k tomorrow. God forbid it actually posts some good earnings which it easily could do. Long story short this is a great entry point for AMZN. You can chose how you want to play it. I only do options cause I’m not a pussy. + + 30 FEB4 2905c 53 FEB18 3285c -53 FEB4 3300c + +For you single digit IQs thats a short position for the last one. A calendar spread + +[BINGO BITCHES](https://youtu.be/_ElWlUr_tw8) + +Premarket edit: I told u/buythedipandhold that I would donate 10k to the charity of his choice and mods deleted his comment. MODs do your fucking job and undelete that shit. No undelete no donate + +Second Premarket edit: STANDBY FOR GAINPORN!!!!!!!!!!! [here](https://www.reddit.com/r/wallstreetbets/comments/skfpgt/0500k_real_quick/) +Was searching through the forum to get more info on bonds and saw my post \[[https://www.reddit.com/r/fatFIRE/comments/nf89gg/stock\_vs\_bonds\_ratio\_when\_in\_fatfire\_territory/](https://www.reddit.com/r/fatFIRE/comments/nf89gg/stock_vs_bonds_ratio_when_in_fatfire_territory/)\]. Figured I would add an update as there have been some updates and I have learned more. + +TL;DR - Should you keep adding to bonds to maintain AA when you get to a certain level? + +Current NW: 7.5M + 1.1M house (paid off) @ 81/19 (Will be 8M EOY with RSU payouts) + +**Decided to no longer add to bonds**, as the \~1.5M in bonds is 175k before tax, 14k/m after tax for 8 years. If I supplement with the dividend/bond income I could go 10 years. + +When I retire in 2-3 years: + +\~14k a month to live on + \~5k/mo from dividends + 2k from tax free bond income for 5-8 years to let equity grow (will actually go below 14k as the dividends and bond income will offset) + +Will convert 40k a year from 401k (that will be moved to IRA) to a Roth IRA and pay 12% tax. + +&#x200B; + +For the next 2-3 years, will just add to equities and thinking about crypto to get some diversification. + +This journey is a fun one! +I have a 2 bedroom flat. I am currently in the tariff that is based on the property value. I tried to apply for a water meter (as I use almost no water) but Thames Water concluded they wouldn’t install the meter unless the landlord “extend the pipes” because of safety reason for the engineer that would make the install. + +I contacted my landlord/property management, but they said “Thames Water can do it if they want to install a meter”. + +Thames Water also refused to move me to the tariff based on the amount of bedrooms because “a water meter can be installed”. + +Now I am stuck with the most expensive tariff paying £51/month. + +Is there anything I can do? +took me 5.5 yrs. but I made 8.5x. One of my first purchases ever from back when I was broke broke broke and had to break my budget just to buy 2 stocks (pre-split) so it's an extra good feeling. had to share somewhere. + +would love to hear other ppl's best stock pick stories too. +I have enough to pay for university for one year with about a thousand to spare, would it be wiser to get student loan to help pay for the first year or should i pay for the first year with my savings then if i don't make enough to pay for the second year,get a loan to pay the second year? +How legit is it to make your own will and get notarized without involving lawyers where the cost goes upwards of $300 or more +Any advice is appreciated. I am located in Central Jersey. +I have a co-worker who is having a few money problems due to the death of his wife. He is now a single dad raising a troubled kid on his own. + +He was telling me about some of his issues with the bank the other day and I thought maybe I could help him out. + +I wouldn’t want him to find out it was me for a myriad of reasons, so I would def want to be anonymous. + +I could definitely afford to give him some money, I had a good year last year and this one is looking better, but I don’t know if that is ethical or worth it. + +Ive know the guy a long time, we aren’t close and only interact at work, but we get along well. He has a lower level position than me and is not someone that will push for a raise or attempt to move up. I know this because I have tried to push him to do so, but I can’t do it for him. + +Any suggestions? +Hey everyone this is probably a dumb question and most likely a "no" but I still wanted to find out and the interwebs are not being that helpful. I just started looking for my first home and have looked at 6 so far with my agent present but I want to know if it's possible to request showings by myself and somehow get the code for the lockbox? If I went to every house I wanted to see I would have to have my realtor on full time payroll. Not to mention she's going on vacation for a week shortly. If no which is likely the case, what is needed to be able to request showings and has anyone personally taken these steps to be able to go to homes by themselves? Thanks everyone. + +It's a place for reporting and sharing your dangerous apartments, we'll provide support and resources for protecting yourself against abusive landlords as well as reviewing and exposing apartments and landlord tactics. + +r/Reportlandlords + +We will hold Landowners accountable for their property and our wellness through legal action, we will not be another statistic. +I save places on the Real Estate websites to get an idea of prices as I am aiming to buy, some day! + +Looking at flats in Sydney and places in country towns, some are still available after months and months. At what point would owners start to worry and lower prices, or potential buyers think there is probably something wrong? Is there a general rule of thumb or does it just depend? +Throwaway account here for privacy. + +I've spent about $45000 in retro video games over the past couple of years. Before tax i net about $82000 after tax. Currently i have about $22,000 in credit card debt but this is actually the only debt i hold and it's pretty manageable for me. Any advice on how to cut down my impulse buying on random games or really how to cut back my hobbies consuming my life and financing? + +Note: If i have to sell a lot of my collection i am worried ill get "double taxed" because i don't have receipts for some of my expensive items and some are worth $500+. + +Any advice on my lifestyle choices are appreciated as well +Tesla continues on a seemingly endless dive for new bottoms as the market gets colder towards Elon Musk. The options market seems to believe in a last minute rally towards the end of 2023. Here is what we know: + +1. Implied Volatility is above 100% for all OTM calls with expiration date 12/30. (image 1) +2. Open Interest is biased towards calls 585 to 42%, back in 12/17 it was reversed 45% to 55% , this means that the market is slightly bullish by the end of the week (image 2) +3. Significant resistance levels built up at strikes $125 and $130 (image 3) +4. 100K and 120K stocks pegged to hedges at strikes $125 and $130 respectively. As expiration gets closer and these strikes become less profitable, the contracts are closed and the hedges are released which further deflates the price of the underlying. (image 4) +5. Strikes above $117 have above 70% probability of profit for option sellers. (image 5) + +&#x200B; + +https://preview.redd.it/tfnlnzsu6n8a1.png?width=1672&format=png&auto=webp&s=aeea9d58146ead2a2b7fb43dfbd8c7e2169d865b + +https://preview.redd.it/6cqw22kv6n8a1.png?width=2668&format=png&auto=webp&s=5797abfd342cfb9e062f0d357c919ccf0a7ea121 + +https://preview.redd.it/et9b4ttz6n8a1.png?width=1666&format=png&auto=webp&s=7f5cff25b4bc2980383777e74969ed7d76743d32 + +https://preview.redd.it/dyiofnl07n8a1.png?width=1688&format=png&auto=webp&s=5b14c648cbb95d3a73f69aca412f1d9b9ffc62e8 + +https://preview.redd.it/dtk8y0k17n8a1.png?width=2676&format=png&auto=webp&s=38436f43884e86c70987a69a51b38374f79b1814 +'Amazon.com Inc (NASDAQ: AMZN) will employ 75,000 logistics and fulfillment workers in North America at an average starting wage of $17 an hour. + +Most of the hires will be placed at the company fulfillment locations and network of local delivery centers after positioning its final-mile delivery network at the closest range of the end customers. + +Amazon has 409 delivery stations in the U.S., out of which 344 support package deliveries and the rest support heavy, bulky items that are typically non-conveyable. + +Amazon plans to build 229 additional delivery stations, out of which 193 are meant for packages. Amazon has 16 delivery stations in Canada, with seven more on the drawing board. + +Amazon will offer several new employees a $1,000 signing bonus and an additional $100 to the vaccinated ones. Amazon offers on-site vaccinations at over 250 locations in the U.S. and Canada. + +In April, Amazon announced an investment of over $1 billion for a wage hike of over 500,000 hourly employees by between 50 cents and $3 an hour. + +Last year Amazon added over 500,000 workers globally, the Wall Street Journal reports. + +The hiring comes just before the annual Prime Day shopping event, which was preponed from July to June. + +Amazon continues to face employee flak for difficult work conditions in their warehouses including Alabama, and Chicago. The company has refuted the allegations and assured necessary efforts for improved working conditions.' + +Source: https://www.benzinga.com/news/21/05/21108100/amazon-to-hire-75k-workers-for-north-american-logistics-fulfillment +O kind and wrinkly apes, I'm hoping any one of you can spare a wrinkle and help this ape against the machine + +tl;dr: I transferred 12 splividend shares out of Vanguard, and now Vanguard is blowing smoke up my ass and claiming I owe them 24 shares. + +This is the situation: + +- I hold 4 shares of our beloved stonk in Vanguard. + +- The splividend happens on 7/22 (Friday). My four shares become 16 shares as expected. + +- On Monday, 7/25 I transfer those 12 shares to Fidelity. Four shares are left in Vanguard. + +- I confirm with Fidelity that only 12 shares are received. I DRS these and my remaining Fidelity shares. The story should end here. + +- On Tuesday, 7/26, Vanguard reports another GME split, but this one is for negative 12 shares. This puts my account at a negative balance of -8 shares. + +- Fidelity tells me that Vanguard requested _24_ shares to be returned to them because the transfer "was a mistake". Fidelity says they need more information and doesn't give them my shares. (I've DRSd pretty much everything in Fidelity at this point). + +- I call Vanguard over the next few weeks and they tell me they're working on the "transfer issue". I tell them over a series of calls that it's not a transfer issue, that the issue went without a hitch, that I should have four shares in my account. No one seems to know what's really happening. I memorize the hold music. + +- On 8/15, a wild outgoing transfer appears in Vanguard. This one for 16 shares. _I did not make that transfer._ Now my account is at -24 shares. I asked the transfer specialist how it's even possible to transfer 16 shares from my account when I'm already at a negative balance. She said it shouldn't be possible. She transfers me to another agent. + +- The new agent says that the strange transactions are all related. However, he claims the root cause is Fidelity having messed up the transfer- that they gave me 24 additional shares from Vanguard. I never saw 24 additional shares, and Fidelity confirms this. The agent says the dividend messed things up. + +- Assuming the dividend messed things up, 1) this is after the split, and 2) wouldn't the shares in transit become 48 and not 36? Where do those 24 shares come from? None of this adds up. How can it be possible for Fidelity to yoink more shares from Vanguard? + +- Fidelity assures me that 12 shares were transferred and they didn't give me more. I needed to verify this because I needed to make sure I wasn't going crazy. + +I really don't know what to do here. I'm not sure how to remedy this situation. I want to talk to the manager/compliance officer/whoever because I don't want to be on the hook for 24 shares and I want my four shares back. +I personally dislike Mayweather, but I think this is awesome for us, whether he can read the word Ethereum or not. Whether Stox is a scam, or 99% of his followers will even have a clue/chance how to buy the ICO, let alone figure out what to do by the time the ICO is released. + +Right now, you can still go up to 10 people (outside of our group of family and friends) and they would still be clueless as to what Ethereum is. They may have heard of Bitcoin, but Vitalik be damned if they knew what blockchain was. + +We all know that Ethereum is Web 3.0, but we can and should harness the power of Web 2.0 to garner more attention to this space. Instagrams, Social Media defines the Web 2.0 of this generation and the amount of attention we can bring to Blockchain through this outlet is pretty staggering. + +I use Instagram a lot, especially the stories. Most recently they now exponentially increase the number of views you have per story if you use the location tag in your post. It takes the location and pins it to the main story for the city you are currently in. If I was to normally receive 200 views on a video without a location, with one, I could add 400-500 more views just by simply adding this tag. If you are in a major city and they pick it up, you will have thousands of views. A lot of my stories have to deal with Blockchain and crypto as well. There are thousands upon thousands upon millions of people right now actively viewing all stories in the cities they are in. + +For those of us that use Social Media, HODL Ethereum for the long term, and feel comfortable enough with promoting this through our social media outlets... please do so. Every single time someone reads or sees the word Ethereum, if their curiosity leads them to google, we will continue to see this space grow. + +I dont consider people buying Ethereum today, now or in the future as Dumb Money, as FUD and other bullshit most of us try to promote here. I see it as an opportunity for every single person to at least own 1 ETH or 1 BTC, and be apart of this historical moment in our lives. + +It took me 1 google search about Vitalik, his life, blockchain and Ethereum which led me down the rabbit hole and I havent recovered since, nor do I plan on doing so in the near future. This is my home and my future. While the rest of them are trying to buy crypto and enter this space, I now want to learn to code and create Smart Contracts. + +The cryptospace is beautiful and everyone can benefit from it. Share it with everyone. I promise it will only help us in the long run. + + +We see so many new people here - and almost daily we see people losing tons of money due to lack of very basic security. I won't/can't cover everything here, but let's start with one important topic. + +Passwords and two factor authentification. + +Websites get hacked on a daily basis. Userinformation is leaked and often Sysadmins don't follow proper standards and store passwords unencrypted or badly encrypted so they can easily be cracked. This means: Everytime you register to a website, you have to accept the fact that the password you use there will get compromised in the future. If you're using that password on another site (because it's hard to remember lots of passwords and writing them down is also a bad idea) maybe even with the same loginname/emailadress, you're giving access to all those other services to those who hack/bought the passwords. + +This leads to one simple and very important rule: don't reuse passwords. NEVER. But how can you remember all those passwords for the 15 exchanges you registered? the answer is simple: you don't! + +What people need to start using are password managers. Those are programs that store passwords in a securely encrypted database. In order to access the passwords, you need to remember ONE password. + +Good and proven tools are KeePass (https://en.wikipedia.org/wiki/KeePass - Open source and free), LastPass (https://en.wikipedia.org/wiki/LastPass) and my personal favorite 1Password (https://en.wikipedia.org/wiki/1Password - this one is commercial but runs on Windows, macOS, iOS and android). + +I'm personally using 1Password (althouth you can do this with every other password manager - there is no need to spend money) now for a few years and it changed the way I treat security. + +Just a few things that are solved with a password manager: + +* No more need to remember passwords +* different, secure (64 characters? no problem, you'll never ever have to type it again) and uncrackable passwords on all sites +* convenient auto fill and save of passwords with browser extensions (at least for 1password) +* phishing site proof! you won't be able to autofill your password on a phishing site - you're on the wrong site, so the password manager won't suggest the autofill of the data +* very conventient 2FA - 1password can also store 2FA keys, so when you fill in your login information (username+password) the 2FA key also gets copied and you can paste it in the appropriate filed (if you feel safer with 2FA keys not stored with your authentification data, you still can use google authenticator, etc.) +* possibility to sync your passwords to multiple devices (encrypted and secure even over services like dropbox) + +I know this all sounds like a marketing post for 1password or other password managers (not associated with any ;) ) - but those are extremely important tools to maintain a basic level of security. Password managers don't solve all problems, but most of the "hacks" I see on this sub could have been avoided, if people would have used a password manager. +It is known that those who joined the presale bought 2400 LINK for each ETH. That is about 20% bonus tokens. The team is not sharing information regarding the number of ether they collected though. + +I wouldn't invest unless this info becomes public. + +Just bought some ether. I'm 15 and I've put about $260 into ether. I was wondering about someway to show my parents what ethereum is and how to convince them to buy some. They are well off and I feel like with enough convincing they would buy some and it would hopefully increase in price. Do you think it's a good idea to buy at this point? +Every single time Citadel tweets, there is a flood of "Citadel posted this" that fly to the top of the page. Scrolling down I can't count on both hands how many posts of this I have seen. It's also known that someone \*cough\* Shitadel \*cough\* was hiring shills to post on GME related subreddits. + + +I understand that it's pretty funny seeing Citadel shit their pants on Twitter but we really don't need to see the same tweet 20 different times in single day. I just wanna keep seeing DRS on my feed; knowing that float is going to be locked up tight soon. +So after many months of beating around the bush, it was made clear by my wife of 5 years (as of this October) that I am solely responsible for our bad financial situation, and how irresponsible I am with my money/debt. For anyone who truly cares, I would provide some insight into our situation. + +Growing up, I never really thought too much about debt. I had a Southwestern Bell telephone that I let get charged off, and then my electric service, and cell phone, and etc. I was, and have always been carefree in regards to my debt. I always assumed that if I ignored it, that it would go away. Some of it has, others have not. When I met my wife, she had great credit. She was very proud of her credit score, and worked hard to get it to where it was. Eventually when we moved in together, she had to put everything in her name because I crapped all over my credit and had debt that prevented me from having the electric, phones, or water service in my name. She did it all, putting it in her name. Since the inception of our relationship, this has been pretty much status quo. When we got our new car, it was done in her name. She opened a couple of credit cards under her name, and we kind of got out of hand with them, maxing them out in a few months. Pretty much everything is in my wife's name. Now I fully accept that I am a piece of garbage. I have been taking advantage of the woman that I love, and allowing her to suffer the consequences. I know how much stress this is causing her, and I can't see her like that. I need to do my part, and make this right. + +Fast forward 10 years to today, and we have been married for 5 years. We have a 7 year old daughter, and we are struggling even more. We still have a lot of credit card debt, medical bills, and we are always paying our bills a month behind. Our car had some mechanical issues, and that put us back $500. When configuring our finances last nite, my wife finally hit a breaking point. She went over everything and noticed a trend. Every bill I have, I rip up and throw away. It's all about out of sight out of mind. No trouble if I don't see it. I have managed to ignore every financial responsibility that I have, like I don't care. But there's that underlying fear that I know something bad is brewing. I know there is trouble. People have gotten crapped on for a lot worse. I don't want it to get to that point. + + I am a delivery driver, and she is a social worker. She averages around $1100 every two weeks, and I average around $700-1000 every two weeks, the higher being if I obviously had a good two weeks of deliveries which is possible. Her checks come in on the 1st and 15th of every month, and her checks pretty much immediately go towards bills. Since I make cash when I work, we spend my money for casual things like eating out, shopping for groceries and household items, and other things we might need or want to go do. In an effort to try and resolve this, I mentioned the possibility of filing bankruptcy, and she became upset. It is not an option for her. She says it's stupid, and it hurts you worse than it helps you. She has always been good about paying what she owes, and takes pride in it. I wish I was like that. I NEED to be more like that. I HAVE to get that mentality if I want to save our marriage. As of tonight I began turning off things we can do without (Netflix, Hulu, etc). So far I have saved us $20 as of tonight in monthly costs. + +I am considering consulting a debt consolidation company in regards to getting myself back on track, but have absolutely no info about whether they are good or bad, and if they are rip offs and such. I took sometime this evening to reflect on my bad habits, and I know I have a problem. My mother is the exact same kind of person I am. When she gets money, it burns a whole in her pocket. My parents just recently filed for bankruptcy themselves. I can tell this has created a huge rift between my wife and I. I don't want to be another statistic. In all honesty, we don't fight or argue at all unless it's about money or bills. I want to become a better person financially and own up to my debt, get it paid and get my life financially out of the gutter. I want to have money in my own bank account so when we have car issues, I don't have to scramble and freak out about where I am going to get the money to fix it. I am 33 years old, my wife is 29, we need this to be fixed so we can begin saving our marriage, and prepare for our future. + +I am willing to provide any information I can to you guys in detail if you are genuinely interested in offering advice, or recommending anything I can do. + +A few things: + +We own a house (are actively paying a mortgage) +we own two vehicles (one is paid, other has 1 more year left of payments) +I have credit card debt that I have not paid in 6 months +We both have student loans that we are behind on, some of hers are under forbearance to allow us to pay other debt. +She has 3 credit cards with debt on it (Wal-mart Credit Card, Best Buy Credit Card, and CareCredit) +We have various medical bills in our names with outstanding debt +We are a month behind on most of our monthly bills (internet, water, electricity,) +We manage to pay our house and car payments on time every month, because they are the most important things and come out on the 1st and 15th when she is paid. + +EDIT #1: The amount of responses I awoke to were amazing. There are a lot of great people on this sub and I am overwhelmed with support. Thank you all so much. Now, for those asking, here is a breakdown of our monthly expenses (what we currently pay on AVERAGE). The credit card payments for $25.00 are minimum payments. + +* Mortgage: $556.50 +* Car: $275.00 +* Care Credit: $32.00 +* Water/Sewage-$70.00 +* Electric-$300 +* Best Buy CC- $25.00 +* Plaza Tire CC-$25.00 +* Internet-$45.00 +* Walmart CC-$25.00 +* Cell Phone-$73.37 +* Lunch Money for child at school-$40 +* ADT Security System-$40 +* Automobile Insurance-$100 +* (we did have Netflix and Hulu but I cancelled those last night saving us $20 a month) +* Gas- $200-$300 a month +* Groceries- $250-300 + +EDIT #2 I am beginning to compile all of our current debt. This may take a while! Please be patient! + +OUR DEBT + +* Plaza Tire- Total owed is $818.17 (INTEREST- Yearly 22.8%, Monthly 1.9%) +* Hospital Bill 1-$102.50 +* Hospital Bill 2- $92.07 +* Radiology Bill- $13.82 +* Credit Card 1- $412.12 +* Lab and Pathology Bill- $18.55 +* Wal-Mart CC- $1,474.49 (Interest rate-(9.0 apr, we got into a customer assistance program. It ends in October. they tell us they cannot tell us what it will go up to until the program ends. I don't know if I got a lazy worker, or if she was being honest) +* Surgery Bill- $285.30 +* Hospital Bill 3- $19.52 +* Imaging Bill (medical)- $78.63 +* Anesthesia Bill (medical)- $47.88 +* Medical Bill- $177.26 +* Best Buy CC- $650.29 +* My Student Loan Debt- $19,567.15 +* Her Student Loan Debt 1- $17,334.66 +* Her Student Loan Debt 2- $6642.26 +* Her Student Loan Debt 3- $26,958.27 +* Care Credit- $1,105.66 +* My old bank acct- $175.00 + +So far this is everything I have found, I feel like I am missing one, so I am still going through everything. If I do find anything else, I will update it. Thank you all again. + +* Edit 3: I would like to add that over the summer we paid $135 a week, every week for our daughter to be in daycare. That really hurt us when it came to paying the bills. I just wanted to add that for a perspective since it is no longer in our monthly expenses. + +* Edit 4: Added gas to my monthly expenses + +* Edit 5: Added groceries + +Edit 6: I am going to begin to add the interest percentages to our Credit Cards. I have to work at 5pm until 1am this morning. I will get as much updated as possible before then, and will continue when I am off work. Thanks again to everyone. + +* Edit 7: I finally got an answer on the interest rate on the Wal-Mart card. When the program we are currently on ends (9% APR) it will shoot up to 27% interest which is insanely high. + +* Edit 8: I made $111 in tips last night, and paid off the three smallest medical bills in her name, and paid our internet bill. I know it's insignificant, but I am stoked to make this lifestyle change. I also signed up for www.everydollar.com and www.undebt.it . Both are pretty confusing, but I am trying my best to understand the websites and how they work. I am on the right path, and can't wait to come back to you guys with more good news in the near future! Thank you to everyone who took the time to speak with me, negative and positive! +This is brushing up against politics a bit, so we'll see if it survives mod attention. + +With two recent high profile incidents of hedge funds becoming irresponsibly overleveraged in the market (Melvin Capital and Archegos) and causing market wide effects, it seems worth exploring the national security implications of continued poor oversight of institutional leverage in equities markets, and the potential economic effects. + +With numerous countries with adversarial relationships to the US and NATO powers having a much more managed approach to their citizens business ventures and economic output, it is not far fetched to consider that overleveraging can become a tactic of economic warfare, and a way of winning or setting advantageous conditions for wars without firing a shot. + +China is the classic and most probable candidate for this, so we'll start with them as an example. Consider their practice of internment and reeducation for Chinese leaders of businesses who become problematic for the state, such as Jack Ma with Alibaba. Consider also their fairly commonly known practice of leveraging western students and workers of Chinese descent in order to commit industrial espionage. From these two points, we can consider a hypothetical scenario where the CCP could engineer a domino crash through planned use of leveraging and defaults, either through a single action (apply pressure to an economic agent to both become overleveraged and then insolvent) or multistep (apply pressure to one or several agents to become over-leveraged, and then act seperately to cause a disruption in that area and subsequent defaults). + +The utility of this sort of attack is twofold. It can be used to provide a distraction on demand, where unwanted attention on international affairs could be diverted by engineering a domestic economic crisis, compounded with social media campaigns. It could also be used as a prelude to military action, in order to attack a country's defense contracting and solvency for defense spending indirectly, while at the same time sowing internal strife to reduce the capability for a decisive and coherent response to provocation. + +This type of attack would be difficult to predict and mitigate the effects of as either a retail or institutional investor, as it could be triggered with little to no warning from traditional indicators. Hedging against it would be tricky as well, but would most likely be found with plays on defense contractors such as $OSK, $BA, $LMT, ect. if the situation escalated to armed conflict. In this case, the saying "an ounce of prevention is worth a pound of cure" holds very true, as the best course of action would be addressing the use of leverage by institutional investors before a state actor uses it as an instrument of war. + +TLDR; Institutional leverage can and will be exploited at some point as a form of economic warfare by state actors, causing pre-planned recessions or economic crashes. + +Edit: I'm for $GME going up and did well myself off of it, but everyone commenting "GME hodl" on every single post, no matter how unrelated, you are ruining this sub and helping to reduce the same kind of content that led to the sub discovering and getting on board with $GME to begin with. Dont kill the golden goose over one fucking egg. +So we just keep making new Robinhood accounts. Delete the app and reinstall with every new trade just to be sure. This is literally free money forever. +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. + + + +We bought our house in DC last year for $1.4m. There's a separate basement so we have been renting it out on airbnb and it is generating $3000/month. + +I am curious if we can rent out the whole house, so I took pics with my iPhone and listed our 5-bedroom, 4-story home on airbnb. Today, I got a booking for $5000/5 nights. + +This makes me feel like we better rent out my house full time. But where do we live? Should we buy another very nice house and live there or should we buy a small condo, which is less risky? It seems like the luxury rental (1000/night) is less competitive (few people list whole houses) but obviously will be very cyclical and risky. I fear that luxury rental will be the first to get hit during a recession. That said, moving to a smaller condo so we can rent out our primary house seems like intuitive though... like we are making more money but moving into a smaller place? + +What do you guys think? Am I thinking it straight? + +Other info: we make 400k a year + have probably $1.5m in stocks. Goal is to RE as soon as possible, hopefully within several years. +Highlighting the 10 part article from smithonstocks because its arguably one of the most important 10 part series ever and explains very well how the entire financial system is very very messed up and full of loopholes. I have pasted the text and images below. if you have read the previous DD such as house of cards and other work you would have seen it. + +FYI search for "smithonstocks" in dashboard to find all posts that talk about it. + +**all this work is by LARRY SMITH AND IS NOT MINE. ITs just as text so its searchable by the dashboard when it lands.** + +[part one-Smith on Stocks](https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/) | [part 2](https://smithonstocks.com/part-2-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-conventional-wisdom-on-how-illegal-short-sales-are-executed/) | [part 3](https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/) | [part 4](https://smithonstocks.com/part-4-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-who-are-the-key-players/) | [part 5](https://smithonstocks.com/part-5-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-traditional-shorting-compared-to-naked-shorting-both-legal-and-illegal/) | [part 6](https://smithonstocks.com/part-6-illegal-naked-shorting-the-secs-regulation-sho-is-intended-to-prevent-illegal-naked-shorting-but-is-ineffective/) | [part 7](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/) | [part 8](https://smithonstocks.com/part-8-illegal-naked-shorting-series-who-or-what-is-cede-and-what-role-does-cede-play-in-the-trading-of-stocks/) | [part 9](https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-the-risk-reward-of-shorting-versus-buying-stocks-is-extremely-unfavorable/) | [part 10](https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-legal-shorting-of-stocks-is-a-losers-game-but-illegal-naked-shorting-transforms-it-into-a-winners-game/) + +Some highlights + +## Part 1 in a Series of Reports on Blatant, Widespread Stock Manipulation that is Enabled by Illegal, Naked Shorting + +Posted *by* Larry Smith *on* Mar 27, 2019 • ([1](https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/#commentarea)) + +&#x200B; + +**Is There a Way for Com**Because of my visibility **panies to Fight Back? Yes!!!!!!** + +I am convinced that price manipulation by Wall Street bad actors is endemic in the capital markets and swindles legitimate inv Part 1 in a Series of Reports on Blatant, Widespread Stock Manipulation that is Enabled by Illegal, Naked Shorting + +Posted *by* Larry Smith *on* Mar 27, 2019 • ([1](https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/#commentarea)) + +&#x200B; + +**Is There a Way for Companies to Fight Back? Yes!!!!!!** + +&#x200B; + +I am convinced that price manipulation by Wall Street bad actors is endemic in the capital markets and swindles legitimate investors out of billions of dollars each year. This criminal enterprise is particularly directed against the stocks of emerging growth companies that are at the cutting edge of technological innovation and jobs creation and are so critical to solving humanity’s greatest challenges. Because my research deals with biotechnology, I am most aware of innumerable, vicious attacks on biotechnology companies, but the scheme is perpetrated on all types of companies, primarily small but also large. + +I wrote an extensive report in 2015 that focused on the central role that illegal naked shorting plays in this sophisticated, criminal enterprise. At that time, I was aware of several determined efforts to try to expose and end the scheme which focused on trying to first shed light on the manipulation, get the SEC to step in and/or to bring lawsuits. They went nowhere. Indeed the stock manipulation has actually intensified and the perpetrators have grown ever more brazen over the last four years. I had grown despondent because it seemed that there was no entity that could take on and stop these abusive bad actors. + +Because of my visibility on this issue, I am often approached by others who are outraged by this blatant scheme to share our insights and tactics and disappointingly to lament our inability to effectively fight back. From this, I came in contact with a company called [ShareIntel](https://www.shareintel.com/) that has come up with a different, highly innovative and very promising approach. The key skill set of ShareIntel is a thorough understanding of how Wall Street trades securities and how well known hedge funds and clearing operations of “household name” investment banks have used naked shorting to allow short sellers to easily and routinely manipulate stock prices. ShareIntel saw that the common thread of all the failed attempts to stop stock manipulation was that they could not support their claims of stock manipulation with clear, unequivocal analytical evidence. The clearing of securities is so byzantine that insiders have been able to manipulate security prices openly without fear of being caught. Later in this series of reports, we will explain what they are doing and I think you will be shocked by who is doing it. + +&#x200B; + +&#x200B; + +[from part 1](https://preview.redd.it/e0knieiszk691.png?width=604&format=png&auto=webp&s=4e91c3854c7eedd08674743518aab8a42e201401) + +&#x200B; + +**PART 2** + +**Introduction** + +The current conventional wisdom on how a short sale is transacted is that a short seller borrows stock from a specific investor who is long the stock, then at some later point buys back the stock in the open market. They then return the stock to that “same specific investor” from whom it was borrowed. Before I met ShareIntel, this is what I thought happened, but as I began to work with them and to do more research on my own, I was jolted when I realized that this is not what goes on in the real world of Wall Street and in later reports I will address how the actual process facilitates widespread naked shorting that enables stock manipulation by some hedge funds. + +&#x200B; + +[further on in part 2](https://preview.redd.it/dmivbidc0l691.png?width=588&format=png&auto=webp&s=6c55c98340c0e52f8e9b1160e1934b1963012463) + +# Conventional wisdom dictates prime brokers do not recieve any benefits from short sales. (of course we know know its false) + +# Part 3 Excerpt + +[from part 3](https://preview.redd.it/cqez8asl0l691.png?width=622&format=png&auto=webp&s=049f8d73c868b5d40ed3b227e6324a198cad3a26) + +&#x200B; + +[from part 3](https://preview.redd.it/pnwgc3is0l691.png?width=569&format=png&auto=webp&s=3414de6bb868a37291850aef9a2b7e6471d147d3) + +&#x200B; + +Important point here: + +"Bear in mind that in the case of illegal naked shorting, hedge funds have plausible deniability of wrong doing. They can simply claim that they are entering a short sale order and are not aware as to whether the order was executed with legal shorting or illegal naked shorting. It is the Prime Brokers who are culpable. While this is a pretty solid legal argument, it is hard to imagine that these hedge funds are not totally aware that Prime Brokers will create counterfeit shares through illegal naked shorting to facilitate their stock manipulation schemes. There is reason to suspect collusion." + +Where did we see that the prime brokers are the biggest prime broker but not really a prime broker? Oh u/swede_child_of_mine \- [sun never sets on citadel - part 4](https://www.reddit.com/r/Superstonk/comments/veqzr4/the_sun_never_sets_on_citadel_part_4/) + +Curious connection but nothing strong- just interesting + +# part 4 of smithonstocks: + +"I left Wall Street some time ago and after a while started my blog SmithOnStocks, with a strategy of focusing on small, under covered biopharma companies. I proceeded to make recommendations based on the belief that if a company achieved an important milestone as in a clinical trial or regulatory development that the stock price would go up, **but this seemingly irrefutable approach just wasn’t working. I saw in case after case that stocks were going down on unquestionably good news and were being obliterated on disappointing news. It just wasn’t one or two stocks.** It was the case with many small stocks that I was following both closely and from afar. An exciting new development would paradoxically lead to a stock price decline. I have come to believe that this is the result of a routine business practice on Wall Street perpetrated by hedge funds and aided and abetted by household name financial institutions who enable illegal naked shorting." + +read the bold part out loud -where did you see that - in other DD i am sure but also in [part 7 of my DD with Susanne Trimbath Book](https://www.reddit.com/r/Superstonk/comments/vf6k36/ape_historian_post_7_of_17_the_great_summary_of/) peeks -where she also notices prices going down on good news. - I am not even talking about the [cellarboxing DD](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) from u/thatbat. + +# PART 5 of smith on stocks + +&#x200B; + +https://preview.redd.it/oychb1z22l691.png?width=614&format=png&auto=webp&s=46e0969903f16036fcdfbe6f1a1c774de7b81231 + +&#x200B; + +[technically legal naked shortsale for \\"liquidity\\"](https://preview.redd.it/izafhsw62l691.png?width=598&format=png&auto=webp&s=f5cda22d1407f2be8ccb51c57a92651a02dc9089) + +"**Illegal Naked Shorting** + +The SEC publicly states that naked shorting plays an important role in the functioning of the stock market by improving liquidity. (I can make a strong counter argument that this allows a collaboration between hedge funds and market makers to swamp the market with sell orders and decimate the stock price of a targeted company.) The SEC recognizes that Fails to Deliver may be indicative of illegal naked shorting if they are prolonged beyond T+2, lasting for weeks, months or years. Such shares are counterfeit because the company never registered or sold them and if the FTD is not corrected, these counterfeit shares are traded as if they are legitimate shares. This is blatantly illegal and later I will go into how this is perpetrated by hedge funds acting in concert with Prime Brokers and the DTCC (owned by Prime Brokers). + +Illegal naked short selling allows hedge funds acting in concert to flood the market with phantom or counterfeit sales of a targeted company’s shares. They can sell an unlimited number of phantom or counterfeit shares to overwhelm natural buying interest in a stock. The object of this manipulation scheme is to drive the stock price down allowing the short seller to cover at much lower prices. The Holy Grail is to drive a company into bankruptcy and never have to cover. The hedge fund, Prime Broker/ DTCC collaboration has devised many strategies for illegal naked shorting, many of which I will discuss later." + +# Part 6 Illegal Naked Shorting: from smithonstocks + +"**Locate Requirement** + +Ordinary investors are required to locate and borrow shares from another investor who is long the stock before executing a short sale. However, under Reg SHO, broker-dealers are treated differently and are allowed to execute a short sale without having borrowed the stock. Rule 203 (a) states that if broker dealers have ***reasonable*** grounds to believe that the security can be borrowed and delivered on or before the date that delivery is due, they can naked short. **This often relies on easy to borrow lists of securities that are generated and policed by prime brokers**. Hard to borrow lists are also maintained which are intended to prevent naked shorting in stocks that appear on this list." + +Emphasis mine - if u/swede_child_of_mine dd is taken here and if Citadel is really an unregulated prime broker - is it too far fetched they can "encourage" to naked short since they can say they have reasonable grounds they can locate? - this is speculation +