diff --git "a/reddit_finance_43_250k_369.txt" "b/reddit_finance_43_250k_369.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_369.txt" @@ -0,0 +1,10000 @@ + +and + +>**Investors Are Not Informed of Their Options** +> +>Investors who have been told that the only way to safely eliminate the need to hold on to a stock certificate is to open an account with a bank or broker may find that option too costly or inconvenient, and simply retain the certificate. Even though DRS has been in operation since 1996, many investors are still not aware that they can hold their shares directly on the register of the company without a certificate and without a bank or broker intermediary, if the company participates in DRS. Investors can convert stock certificates to DRS directly with the issuer’s transfer agent, or investors can have their bank or broker move their shares into DRS. +> +>Individual account managers or financial advisors working for a bank or broker might not inform their clients of the option to hold shares directly through DRS, because DRS holdings will not increase the firm’s “assets under management” and in some cases may reduce them. Assets under management are one of the measures that drive individual account managers’ and financial advisors’ compensation by their firms. It is naturally to their advantage to have certificates deposited into a brokerage account rather than converted to DRS and held in the investor’s name. +> +>**Bank and Broker Fees Are a Disincentive to Participate in DRS** +> +>Some banks and brokers impose a surcharge to move a client’s shares from “street name” into DRS. Historically, this would have covered a broker’s higher processing costs for moving certificated shares; however, in a dematerialized environment those costs are eliminated. Moreover, some banks and brokers charge additional fees to hold certificated shares that are not eligible for book entry. +> +>Banks and brokers may also charge a fee to move shares to DRS to help their firms maintain assets under management. This fee creates a disincentive for shareholders to move their holdings out of bank and brokerage accounts. +> +>In contrast, transfer agents do not charge a fee to maintain accounts for shareholders who own stock directly with the issuer, and any fees for transferring DRS holdings to a broker or bank account are charged to the broker or bank, not the investor. These arrangements are therefore very attractive to “buy and hold” investors. + +I've seen ~~less~~ more tinfoil unspool for flimsier connections. See what you choose to see, but I'm super excited to see the DRS numbers in the next GameStop quarterly. + +Buy. HODL. DRS. Shop GameStop (now with an upgraded mobile experience!) +Just curious to learn from others regarding the upside to Boeing stock. I just started a position on Thursday at $236.50 + +Their pipeline of future sales especially the 737 max seems to be full. I realize they still have a lot of proving to do regarding their safety record. But it seems to me that the confidence of the airline industry is behind them since their inventory has been swallowed up by many of the big carriers needing planes. +For me it’s RR. People always preach about having 1:10 or 1:25 RR trades but in reality, they are partialing along the way and it makes it seem like they are catching 10-30% per trade when in reality it’s still the same as if people were just using 1:2 R trade and risking 1% because at the end of the day it all really comes down to % gain. +Because of upcoming exams, I couldn't focus on charts and trading for the last two weeks. This allowed me to back off from forex trading and be more open to other markets, which I checked out of curiosity - whereas before, forex was the only one I thought viable. + +My interest was caught by the cryptocurrencies market, because of the high volatility and relatively straightforward price action. Also, cryptos' fundamental analysis requires way less variables compared to forex's. + +I was also intrigued by the futures market. I couldn't tell you why though, probably because of the COT report which makes me think they are easier to trade. I know I'm most likely wrong, but I'm curious nontheless. + +So, why have you chosen Forex? Have you considered other markets and decided Forex was the best one? If so, what made you shy away from those markets? + +Thank you, and have a nice weekend. +How much did you start with? did you lose your capital completely ? how did you cope with your losses ? how did you make a comeback ? +Please share your experience +So once you can call yourself a successful trader and you either do it full time or part time but you are a consistently profitable trader making money every month, what can you do to improve? Obviously you can backtest more and obviously you would be reviewing your trades and improving on any mistakes you make, but once you are officially a profitable trader what is there to do apart from gaining more experience in live market conditions to improve? + +Edit: I know i said ‘improve’ but i also mean what do you do in your spare time to keep your tools sharp, not so much improving them but what can you do to keep yourself at that high level, if that makes sense. +Alright, so, I'm 17, finishing High School in a few months, not going to college. I'm planning of taking advantage of my age and I'm gonna invest in ETF's for the long term. With this being said, I just want to point out that I'm not a naive kid that thinks that forex is learned in a couple of weeks. I know to steer clear of everyone who shows their cars, trips, houses, etc; I see this as a way to achieve financial freedom, since I don't believe a 9 to 5 will do that for me. +Now, I'll be learning through babypips, but, if that's all it took to become a profitable trader, there'd be a whole lot more traders around. Keeping that in mind, where do I got after babypips? YouTube? And if so, who? Do I try to find a trustworthy mentor? And again, if so, who? +I'd also like to ask a few things while I'm at it. First of all, do you even recommend a 17 year old to start learning about the market? How profitable can one become? How many trades a day should you do to have a comfortable profit? 1? 2? 7? +I'm sure you get these types of questions all the time, and I'm sorry for asking them again, but I just feel like I gotta be very cautious about entering a market I know nothing about all by myself. Also, ignore any typos I may have written, English isn't my first language. Thank you for reading, and for answering. +I just wrote down my SMART goals for trading this year and part of my main goal is to achieve a certain percentage minimum with a demo account before depositing anymore money into my broker account. This is a question to you all who are vets or around the corner vets +Last week I got laid off from my job (which I kind of engineered, to be honest) and I have bee interested in forex since November. I have been lurking on this sub since then and have gained a good amount of value from the posters and recommendations I have found. + +&#x200B; + +Right now, I'm working my way through babypips course, I'm on the undergraduate section. Unemployment pays me enough to cover all my living expenses as long as I don't do something stupid, and I have $6k saved up from last year to trade with when I am ready. No debt, and I can collect for 6 months max, after which time I must be profitable to not have to go back to working construction (I am a plumber by trade). I must be able to clear about $3k per month after taxes in order to live an acceptable lifestyle. + +&#x200B; + +I feel optimistic because this week I have replenished my Metatrader simulation account back to 10k, where I started. When I was just learning and practicing, I was down to 6k, which was a month ago. This is the first week I have been able to trade full time, and already I see many opportunities and systems I can create. I mostly like to trade trends, with some breakouts in specific cases, like news events. I plan to go live when my practice account is at 20k, and I have polished my trading strategies. Of course, I will repeat the babypips course once again, maybe two more times even. + +&#x200B; + +In addition, over these next six months, I am looking at branching out into several different areas to enhance my trading abilities. For example, I have an idea to create a fundamental economic matrix in Excel with weighted values on each different aspect, such as interest rates, GDP growth, etc. In addition, I am considering learning some coding to at least set up my own alerts. Also, I believe some mathematical/probability courses might be beneficial, but I don't really know where to start with that (I have done some college, no more than Calc 1 though). + +&#x200B; + +So far, a combination of fundamentals with technical appeals to me, although I would consider myself more of a technical trader. Do you guys have any recommendations for further education? More importantly, are my goals within my timeframe even possible? +So many people just tell me forex is a fools game, that im gonna loose all my money and its the worst idea ever. Ive spent a few months learning and reading amd researching, has that been wasted time? Im starting to doubt myself on if this is a good idea or not. +I’m into gold trading for about a week and already lost money (yes bad timing since it was having a free fall past week). Any good insights about gold trading for beginners? And perhaps any good websites for some reading on gold? +Let's talk about em'! Maybe we can help eachother out. For me it's whenever I enter even though I can see what kind of trend the market is in I feel like it's going to reverse completely when it starts pulling back. I hold thru these instances at times and find myself taking a loss more often than not so it creates a conflict. I don't mind holding but I find myself holding onto a loss. +Here's the first few pages of my 30 page long report I created on how to trade. Enjoy + + + +At the core everyone who trades primarily has one purpose, to make money. Its the reason why people see trading intriguing, the possibility of working from home, not having a 9-5 job, and financial freedom. However, more than 80% of traders will fail, and there are lots of reason. However, the biggest reason why traders fail is emotions. + +Emotions + +When trading you cannot go into the market with emotions, its best to trade emotionless. Nor can you trade with the mentality that you're always going to win. Cause the fact is you’re not. You’re not always to get every trade right. You cannot make your losing trades affect you or get overly excited about winning trades. Once you let a losing trade affect your emotions, it'll affect the trades that come following it. + +That's the reason why emotions are the biggest reason why most traders never make it far. It's in our human nature to avoid getting hurt especially if it involves losing money. So, when you lose any trade, you get hurt emotionally, and it plays with you mentally which prevents you to place the next trade even if the signal to enter is there. Our minds are wired to avoid emotional suffering and the reason why the only ones who make it are the ones who can block their emotions from trading. + +Even if the next trade seems like a clear winner, you'll start to doubt the trade because you lost the last one and you question whether you are good at trading or you begin to question your strategy even if you knew your strategy had a 60% winning rate. That’s why we can’t let our past trades affect us because every trade is unique and has its own probability of either going in our direction or not. + +Probabilities + +It’s the reason why we trade support and resistance zones along with price action. In the past they’ve show us they can predict a reversal. But keep in mind there not always going to be right. We look at them as high probability trades, meaning if we take the trade, we can expect a reversal, but it may not happen as well. + +That’s where trading becomes a probabilities game. Specific candlesticks can give us a higher probability if its going to reverse, especially at support and resistance zones. But you need to add other factors to your price action to increase the probability of your trade being a winner. The end goal is to take a few trades a week that prove to be quality trades. Instead of taking 10 trades a day where most of them fail. And these few trades that we take a week will capture bigger pip moves then those if we were to take 10 trades a day. + +The beauty of taking these quality trades is that were not trading from the 15 min charts or the 30min charts. We're taking our trades from the 4hr charts and higher. Why? Higher time frames prove to be more reliable then the 15min charts; they give us a higher probability. We won't have to worry about news taking out our sl. Or constantly be watching the charts all day. When we trade from the daily candlesticks were only trading at most for two hours a day. During that hour we analyze all of our charts. It's either there's a signal to enter a trade or there isint. This way we still have the rest of the day to do as we please + +Once you find your strategy, you need to back test it and forward test it and see what kind of winning percentage you’ll get. Say you come up with a strategy that has a 60% winning rate, that’s 6/10 trades you’ll win. The thing is that the order you get winning or losing trades will be random. You may have four losing trades in a row, and the next 6-7 will be winners. Or more realistically you can have two losing trades in a row, but the nest 3 are winners then you may have another looser than two winners and another loser. It sill adds up to a 60% winning rate. + +If you knew and fully understood how trading is a probabilities game, then that’s when you’ll succeed. When you get two losing trades, it won't affect you emotionally. You won't be scared to enter the next trade because you know sooner or later, you'll get your winning trades. If you had emotions involved, you'd be scared to enter the next trade since you lost the last one. And as soon as that trade you didn't enter takes off, you’ll want to bite the bullet and enter the trade. Even though it took off, you're lowering your risk to reward ratio, but importantly your not following your rules. However, if you fully understand how it’s a probability game then when the next opportunity comes to place a trade, you'll be looking forward to placing the trade because you know it may be a winner. That’s the magic of probabilities. That’s why trading needs to remain completely emotionless. The only ones who can succeed in the trading game are the ones who remove their emotions from trading + +Management + +The second reason why traders fail is that trades don’t know how to manage their account. Many times, you will find yourself revenge trading, where you lose one trade and the next trade you risk a little more, or you enter before you get your signal just trying to recoup your previous loss. You’re not sticking by your rules and letting the previous trade affect your current trade. It's very risky because at that point it becomes gambling, you’re not trading with an edge, but you're hoping for the best to happen. But no matter what you always need to stick by your rules and strategy, its proven to have a winning edge. And the next time you lose you need to understand its normal and part of the game. Understand your losing trade means your closer to your winning trade + +When trading you can’t treat it as a side hobby. You need to treat it as if it were to be your business. Every business at some point will incur a few losses, and when you lose a trade, you need to think about it like that. Understand your trading is a business; it’s a business that you are starting in the hopes of gaining financial freedom. When you lose a trade, you need to analyze it and understand why it went wrong. You want to learn from your losing trades to improve your trading strategy, just like any business that grows from its mistakes. Maybe you had your zones marked wrong or decided to pull the trigger too early on a trade, perhaps you had your fibonacci placed wrong. These are the things you need to analyze. Maybe you followed your rules correctly, and it didn’t turn out a winner. And that’s fine if you didn’t do anything wrong then we know its just the market wanted to do something else. + +Traders who can recognize when they are wrong instead of just believing they are right are the ones who succeed, maximize their winners, and can forget about the losing ones and do it all the next day. However, as human beings we have a tendency to stick to our convictions, believe we are right, or that the market owes us. Those traders who continually are irrational, emotional, and/or believe that they are smarter than the market, are often the ones who go broke the quickest. As a trader you need to take action for your trades. When you pick up a losing trade, you can’t blame it on the market or anyone else. You need to understand every action you do is only done by you, no one else, and especially not the market. The market only presents us with information, but we’re the ones that interpret that information. If we interpret the information wrong, we can only blame ourselves and learn from our mistakes. +\*\*\* + +tl;dr: Unlike TSLA and META, GME made no excuses about its necessary layoffs. As can be surmised in their April 2022 financial statements, these layoffs can be traced back to the administrative cost which is the only contributor to the net loss of the company, because the selling side is actually profitable. Cutting of a portion of this administrative cost and reinvesting it to the selling side of the business is very likely the last key for Gamestop to finally see its first net profit in years. + +[SEC Filing | Gamestop Corp. 1st Quarter 2022 Report](https://gamestop.gcs-web.com/node/19781/html) + +\*\*\* + +Let's first look at what Larry Cheng's thoughts are on corporate cash management since this is what I think Gamestop's move is about: + +https://preview.redd.it/21lx5rh1kaa91.png?width=725&format=png&auto=webp&s=1b76177c22ebba566fedeb5f15f9d1d2de79b210 + +Moving onto this move that reports are saying to be the reason for the afterhours movement, I'm not really very much affected by it, since even more successful companies like Meta and Tesla are also on its way to making layoffs: + +[No significant downward pressure on Meta's price after announcement of layoffs](https://preview.redd.it/c3lqgtai59a91.png?width=1461&format=png&auto=webp&s=877a96c4095a803ab03ba39d0d3a91b74dfc5338) + +[Mark Zuckerberg warns staff Facebook will be ‘turning up the heat’ to weed out underperformers: ‘You might decide this place isn’t for you, and that’s OK with me’](https://finance.yahoo.com/news/mark-zuckerberg-warns-staff-facebook-120626064.html) + +&#x200B; + +[There was no drastic lowering of price after Tesla announces layoffs and salary cuts](https://preview.redd.it/f48g15so49a91.png?width=1445&format=png&auto=webp&s=79fac9d1cb47257cc1f372d944339083d7976483) + +[Tesla (TSLA) Job Cuts Will Lead to 3.5% Headcount Reduction, Elon Musk Says - Bloomberg](https://www.bloomberg.com/news/articles/2022-06-21/tesla-job-cuts-will-lead-to-3-5-headcount-reduction-musk-says) + +The only interesting part is that unlike Meta and Tesla, Gamestop held no hesitation about making its layoffs, no gentle PR excuses, just pure ruthless business. I honestly feel for the corporate employees who were let gone, after all, I myself have been here and it really hurts, I just hope they get enough severance package to weather the storm. + +Moving back to the C-suite level side of things, doing layoffs is no doubt a tough decision, and doing it just after you went on a hiring spree is an admission of a mistake. + +So no doubt, if your company is constantly under attack from (1) the operational side of things coming from supply chain issues, (2) but also from a financial side due to rising inflation, and (3) from the capital markets due to short sellers and media hit pieces, the people making this kind of decision has to have a very strong mind that can withstand gritting one's teeth when making this decision, because no doubt, the only option would be: + +* to threaten or hamper the growth of the company by keeping many corporate employees while neglecting the storefront employees, thereby, bleeding cash on redundant positions while neglecting the storefront employees, who are ultimately the revenue generating side of the business, or... +* to make the tough decision of laying off corporate employees, reallocate the budget to the storefront, and prolong the life of the funds raised last year + +Most of the time, when layoffs happen, they are taken as a bad sign for the company because it is seen as a heartless measure, and therefore financially desperate. This is how the news made it seem and made it a way to justify the afterhours actions. But the question is, is Gamestop really financially desperate? The answer can simply be found by looking at their most recent financial statement from April 2022: + +&#x200B; + +[Gamestop has a Cash to Long-term Liability ratio of 28.99 meaning, if management wants to, it can get rid of Gamestop's long-term debts, very much easily, and it is safe to say that it is not a debt-ridden company.](https://preview.redd.it/rcqw63ky89a91.png?width=849&format=png&auto=webp&s=8e795d115ce92e9fbed3325811fc65aa706f50d9) + +However, things may be a bit alarming if we check the cash losses from operations: + +[Assuming operational cash losses continue, meaning no layoffs and sales improvement happen, Gamestop can keep losing money for another 44 weeks. This is calculated by Cash and Cash Equivalent 1035.0 ÷ Net Cash Outflow 303.9 = 3.4 × 13 weeks of cash outflow per report = 44.27 weeks of surviving constant negative operational cash outflow.](https://preview.redd.it/tcgntwnva9a91.png?width=730&format=png&auto=webp&s=570d0d016975c97a7d13020885ece1084afdab02) + +But how much of this $303.9 million could be coming from redundant positions? Let's take a look at their statement of operations: + +[Gamestop's Operating Loss of $157.9M, just about 34&#37; of the total Selling, General, and Administrative Expense](https://preview.redd.it/ec3kc1xac9a91.png?width=546&format=png&auto=webp&s=15c8db3bbaef36f4bf26b011b4267380908d4374) + +As you can see, if management can simply reduce the Selling, General, and Administrative Expense by about 1/3, Gamestop can already achieve break-even every 13-weeks, and most likely, if that 1/3 or so of that expense is reallocated to revenue-generating components of the business, which is exactly what CEO Matt Furlong said when he said that investments will be made on the storefront, then Gamestop will finally see its first Net Profit in years. + +As you can see by the numbers, this is not about desperation, it is just simple calculus meant to turn around the business by focusing on one component of the financial statements. Administrative salaries and utility bills are a fixed cost, meaning you can project these things ahead of time by simple multiplication, and a proactive CFO would have seen this coming a mile away and warn management about it. + +Now, read this part again of the letter and I dare anyone to tell me that this move doesn't make any sense. + +1. *After making more than 600 corporate hires in 2021 and the first half of 2022, we have a stronger understanding of our transformation needs. This has positioned us to right-size headcount across several corporate departments. Today, we're making a number of reductions to help us keep things simple and operate nimbly with the right talent in place.* +2. *We're going to be making a significant investment in our Store Leaders and field employees, who play a critical role fulfilling the needs of our customers. These individuals are, in many respects, the heart of GameStop. We'll be sharing details regarding this investment in the coming weeks.* +3. *Mike Recupero, who has served as our Chief Financial Officer since last June, is departing. Diana Jajeh, who has been our Chief Accounting Officer and possesses strong institutional knowledge of the business, has been appointed Chief Financial Officer.* +Hi all, +I've no experience in the stock market, but did watch the whole GME saga / DFV etc with great interest when it was going on. + +Since then, what's happened? Is it like a long play where the shares will be valuable eventually? Or has that happened already? If not, what's the delay? + +Honest questions, just trying to understand the situation. +I'm 34. Lost my job in a career field I've spent years in to smoking pot. I'm an idiot. +Was able to save 9k last year, first time with an actual savings. But, now I'm back to not being able to afford rent. + +Now I owe 9k in back taxes because I don't know what I'm doing when I file and get overwhelmed. + +I just started a new job making $18/hr. +Downloaded mint. + +Trying to really get my life together. + +I feel like such a loser around my friends and family. +I don't date because I feel as if I would be an unstable candidate. + +Can someone help me figure out how to budget? + +Edit: um + +Wow + +Thank you. I'm immensely grateful for you all. Even the negative messages. + +I'm getting caught up on everyone's response. Bare with me! +Just wondering if there is someone that I can go speak to about spending/saving habits? Been working full time since I was 16 (currently 21) and have barely saved a cent. I've read barefoot and listened to podcasts but nothing's grabbed my attention. I feel like I need someone to grab me and tell me to get my shit together. +Anyway is there a person I can go speak to for money habits and saving tactics? + +Trying to choose between two pub jobs but I like them both. They both liked me a lot and wanted to accommodate hours so I asked my manager about working at both. She warned that this would mean double tax and I’d actually be working twice as hard for less money overall. Is this true?? + +Edit: wow thanks guys! So glad I asked. It didn’t feel right. +So at the moment im currently planning on moving in with my other half who lives in Scotland. Im a manager of my family business so cant just leave and get a closer job. the plan is to Work from home from Thursday-Monday and spend Tuesday-Wednesday at the office in person (I need some sort of actual presence in the office for the next couple years) Im trying to workout how much I should save and put towards a car that ill be doing around 50K miles a year in... The actual number will be less but im overestimating just in case and also 99% of the mileage is motorway. Im currently on £25k per year and finance is out of the question. +The sign of a healthy economy! Chinese-listed stocks will continue to take a beating. + +Per the New York Times: + +“China, the world’s second-largest economy, announced without explanation on Monday that it was delaying indefinitely the release of economic data that had been scheduled for Tuesday morning, including closely watched numbers for economic growth from July through September, which had been expected to show continued lackluster performance.” +Hey guys! I know its better to buy a lot of things in bulk but I'm just not in a financial situation to be able to do that. Is there anything that is worth buying at the dollar store? From food to household supplies... Anything really? +https://www.entrepreneur.com/article/394469 + +So long story short, you can buy SQUID but can't sell it. It may look like an amazing investment with the crazy growth but it is a huge con. Let me explain what the article says: + +On PancakeSwap you can buy into SQUID, but not sell. You can only sell when you have Marbles. Marbles are only earnable through playing the game You use your SQUID to 'buy in'. The first level buy in is 456 SQUID which at the current price of $37 each is $16,872 in total. All this just to play level one where you can lose it all. + +Clearly people are buying in on the hype, getting suckered and then buying more in the hope of getting out, driving the price up. They see their asset being worth potentially millions and then buy to try and get out but are stuck in an endless loop of horror. + +Having watched the series, it weirdly reflects the show quite well, but please don't get suckered in by this and avoid at all costs! +I've been thinking about the mindset of someone already extremely wealthy in USD or any fiat. If you are extremely wealthy, let's say anyone who has over $50 million, the only real threat to your financial well-being is really the devaluation of the USD. The only real threat to that currently is cryptocurrency. Doesn't it almost make more sense at this point to hedge a bet just in case? +At the moment everyone keeps raving on about FAANG and the next 'uber' of the Snapchat industry. + +But what is your most unconventional stock that you are proud of holding in your portfolio and why? +Before you say "Just ask!", here's the tricky part - I'm not supposed to know and found out completely by accident. + +I'll keep it short. I work at a bank. I'm a senior (open personal and business accts., CD's, sales, etc.) CSA. Been there a little under a year. Coworker has been there a month, cannot open accounts or anything, CSA. I picked up a printed pay stub I thought was mine since I had just printed it. Look at it, see their name, making $13/hr. I make $13.13/hr. I'm livid because I've been busting ass to make sales and push my way up in the company so I can earn more to make more contributions to 401k and my emergency fund. + +I'm terrified of going to my boss and asking for a raise with this information, because I could risk losing what I've worked for. But I'm still furious that I literally earn $1 a DAY more than someone whose been struggling in the job. + +So how can I go about asking without risking everything? + +EDIT: I really didn't expect this to blow up as much as it did! I'm taking a lot of the advice here and planning carefully what to do from here, as well as out reaching in my connections to get all my options. Thank you everyone! +As suggested by the topic, I am the only one in work while my gf (soon to be wife) is disabled. I often feel worried about security despite working in a relatively secure industry and on a very good wage. How does one cope with the fear of suddenly losing the job and leaving the entire family (big or small) with nothing to rely on? +Elon Musk literally tweeting ‘Doge’ and it skyrocketing the way it has is just giving more reasons for governments to take legal action against crypto. So many will lose money from this and any credibility Elon Musk has about crypto will be gone. The whole doge thing is funny, sure, but I’m not sure we want mainstream media using it to define crypto as a literal joke. +1 month ago I started tracking a anti-/r/investing portfolio using largely contrarian ideas to the majority opinion in this subreddit [here](https://www.reddit.com/r/investing/comments/4gzk0n/i_have_created_a_antirinvesting_portfolio/). + +>Short US equity +>Long US treasuries +>Long hard assets: gold miners and farm land +>Long EM + +in Addition + +>Short Indexes +>Long Individual equity positions that I have researched + +I have neglected to display a small 5k position in ARCOs last time around, the Mcdonald franchise in Latin America on the last screenshot and a few other insignificant stub positions. There has been no movement of capital (distribution or contribution) since last month. + +Current 1 month performance is 7.4%, primarily driven by the rally in GDXJ and CRESUD. SPX(S&P) has gone up slightly which is hedged out by the slight decrease in 10 year treasury yield (IEF), leaving those positions largely net neutral. Returns have primarily been driven by the continued weakness in the dollar and continued hesitancy towards a rate hike by the fed, leading to higher gold and EM pricing. Going forward, I will be focused on total returns and not be tracking the sharpe ratio because I fundamentally disagree with the concept that volatility is risk. + +http://imgur.com/sQhICx8 + +Anglo American recently announced a loss of $5bn this week, along with revenue declining by 26%. + +So, what do we know about the parent of De Beers? + +1. It market value is at an all-time low. + +[Imgur](http://i.imgur.com/swpB6j8.jpg) + +Anglo American’s current market value is 60% lower than the pre-commodities boom in the early 2000s. So, why has this company fallen from grace? +Despite owning 85% of De Beers, it also owns a platinum division, copper division, coal division, and iron ore division. All this is due to falling commodities prices and a slowdown in demand from China. + +On the surface, Anglo American’s balance sheet isn’t so bad, as illustrated by the chart below: + +[Imgur](http://i.imgur.com/E2u4weI.jpg) + +Its equity is slightly lower than it was back in 2008 at $21bn, but this is much higher than the $13bn recorded in 2001. + +But deep down, Anglo American is deep in debt. + +[Imgur](http://i.imgur.com/fuKovM9.jpg) + +So deep it surpassed the “$10bn” for the first time at the end of 2015. +Anglo’s market capitalization has declined likewise. Even more disturbing is the company’s shrinking investment portfolio to an all-time low. + +[Imgur](http://i.imgur.com/G691XTA.jpg) + +A liquidity of its long-term investments has not stopped the company declining cash balance and since 2011, it saws its liquidity fell from $19.8bn to $9.5bn. + +And Anglo American’s financial position won’t improve because the company has dire earnings. + +[Imgur](http://i.imgur.com/mBaeqew.jpg) + +It doesn’t look like the company is making a profit anytime soon, as it’s CEO stressed that asset-sale will be accelerated in 2016 to reduce net debt. +The question on everyone lips are: “Who will be buying?” + +Please let me know your thoughts on this company. + + + +I hired a small company (in the US) to do some work for me. Company sent a specific employee to do the actual work. + +I paid the bill for the first stage of the project by cheque to the company as would be expected. + +I need to pay the remainder/final bill now. Owner of company told me to write the check payable directly to the employee. Said it was because the company has not yet paid the employee for their hours on my job. So all of my final payment would go to employee anyway. Just cutting out the middleman. Employee has said to me they also want to do this. + +So what consequences could this have for ME? Can I get in any trouble or have any negative financial or legal repercussions for this? (I realize it may put the company and employee in a grey area with the IRS but that is their issue not mine, isn't it?) + +The amount to be paid by me is the same either way and the work that was done isn't anything I can write off on taxes anyway. And I would insist on getting it in writing from the company that I am paying employee INSTEAD of company so they can't try to double bill. Are there any other consequences for me I am not seeing? +Maybe 5 months wasn't long enough but it was a little reality check/experiment to have a taste of how the future might look like. + +Back in the beginning of the year before all the craze started, I was kinda on the edge of pulling the trigger or not pulling the trigger... This sub's readers really think I should keep going for a little while longer given that a large share of my assets tie to real estate. And you know how much we all hate real estate in our folio lol! Ok, long story short, I didn't quit cold turkey but opted for an unpaid leave. I left my desk in mid March, then everything shut down days later. Damn!! So my little unpaid leave became a near half year sabbatical. + +The next two months, I was on the edge since my real estate income took a hit. So I worked really hard on my own stuff.. + +Lesson #1: When you work full time for Corp America, it's kinda draining... But when you work for yourself, you have the urge to get up the next day and do it all over again without feeling tired. Yes, the stomach still turns, but it feels different. + +Things turned around at the beginning of the summer and I finally slowed down to the pace of "whatever"... Kids were out of school so I started planning lots of summer getaway to embrace nature and stay away from Rona. + +Lesson #2: Camping trips on Tuesday to Thursdays were the easiest to score + +Lesson #3: Driving back home on Friday seeing all the ppl trying to leave the city in a jammed traffic was quite amusing. I am sorry, I shouldn't have said that. + +Anyway, the summer was super busy with short road trips filling the weekdays with the children. Mother Nature is marvelous for your body and soul. This was the only summer which I didn't leave my home state and it was the best in my memory. it brought the family closer too. No one cared if it were Tuesday or Wednesday... No school, no work. Just endless tress, creeks and birds. It was great. + +Well it didn't last long.. Aug came too quick and I had to get back to work. I was about 75% ready to work again. Another 25% wished I could have another month or two. + +Now I am back at work and about to get my first paycheck. It is a massive one since I don't make small amount. Does it have any effect on my quality of life? Well, other than the insurance coverage, not really. But it does buy me a sense of security in some strange way. I don't hate my job so I think I will keep grinding just a little longer. + +So while I was out of work, I did sell some real estate holding and held the funds in fixed income and growth equity. I know how this sub feels about real estate. I am not going to lie. While I exchanged house equity into equity market, I did feel better with a little bit more security because I can see the number. It's totally psychological but it does have an affect. + +Another thing I noticed during my absence from Corp America is that the banks don't like passive income ppl. I tried to refi and got rejected cuz I don't have W-2. The bankers told me to call them back once I receive my paycheck again. Heck, don't you guys see my stock holdings can pay off the entire house??? What are you morons?? Well, they didn't care about how much holdings I had and told me to get lost. + +Thanks for listening to me mumbling.. So in short, a job still has its place if you are not too desperate. After 5 months, I feel a sense of renewal and I actually find some joy with my job. Maybe sometimes you just need a real long break to do some silly things. +Hello! I had a surgery done back in late July, it was for a medically implanted hearing aid. This was not a cheap procedure, it was roughly $50,000. Prior to the surgery, I got the go ahead by my insurance, they said the provider was in network and I have the paper documents from them stating this was a medically necessary procedure. + +Flash forward to September 1st, I get a letter from my insurance company stating they retroactively denied my surgery on the basis that it was “not medically necessary,” and the rationale they used was “hearing tests were not submitted, therefore this procedure was not medically necessary.” The first thing I did after receiving the letter was contact my doctor’s office, who was also my surgeon. + +My doctor’s office, and the surgery department both submitted all the records they had with me as their patient, ever. I felt pretty confident this would do the job, considering the rationale was there were no hearing tests submitted. Well this takes us back to yesterday, the 4th of October, I get a call from my insurance company saying they denied my appeal, and I’ll get a letter in the mail in 10 days stating why the appeal was denied. + +I contacted my doctor’s office today to notify them of the decision, but I have not yet heard back, it went to voicemail. I’m not sure what to do next. I’m 21, I’ve paid off about $30,000 in debt the past year and a half, and I literally only have $1,600 left, planning on being debt free this month. + +I’m not sure what step I should take next. Will my doctor’s office likely be able to do anything else? Is it time to start talking to, and getting an attorney involved? In the case I’m screwed, and I actually have to pay this bill, will the doctor’s office likely bill me the full $50,000? They really don’t teach you how to deal with situations like this in school, any help or advice would be greatly appreciated. + +Edit: I live in Missouri, surgery took place in Kansas by a doctor who’s primary office is in Missouri if this information is of any use. + +TLDR; my health insurance retroactively denied a $50,000 surgery, then denied my doctor’s appeal, and now I’m not sure what to do. +Can anyone vouch for Tradingview's backtester? I see this, and am not sure if I should throw all of my money at it, or if this is total bs. + +Assumes initial investment of $10K, 100% of equity reinvested for every trade thereafter. + +**Update:** + +Strategy uses a standard candle stick chart, on closed bars, does not repaint. + +&#x200B; + +I am currently net negative on the account, hence why I wanted to jump on here and get an idea if this is just a temporary downturn or if this strategy is crap because the TV Backtester data is unreliable. + +&#x200B; + +Thanks everyone for your feedback and insights! + +https://preview.redd.it/6c82f6bi0c7a1.png?width=1831&format=png&auto=webp&s=7a5008b46a709a1162e30f98e782b69e8c9339e2 +Hello Everyone, + +Wondering if anyone knows of any APIs preferably in Python which can find accurate list of similar stocks from a given Ticker. Have tested Finnhub which I thing is not extremely accurate for this. + +Also was wondering if anyone who has played around with multiple APIs, which API would you say is most accurate in terms of price targets and estimates. +I backtested (02/2018 until today), implemented and doing live testing my BTC trading strategy for three months now. Due to the upwinds recently it gave good results. Now as it is reaching highs I want to be sure it will also be fine then. Also did not touch my code in a while.. + +Backtesting results are roughly closed 65 trades, 142.22% net margin, 215.49% gross margin, 73.27% loss margin, 2.95 profit factor, 0.481 sharpe ratio. Commisions are considered. Are these values I can be confident with? + +How does overfitting work (I read about it quite often here. Never really understood.. unfortunately). Thanks for your advise as always! +What is the current state of play for backtesting in Python. I am in the process of putting together a strategy pipeline am now looking at the backtesting. Ideally I would like something that fits in with my stack, which is the usual suspects: Python 3.6+, Pandas, Tensorflow, etc. However I am abstracting everything into classes and services, so integration shouldn't be too much of a problem, but it would be nice if the interface at least supported Pandas Dataframes. + +**First prize would be for it to emulate a broker with an API.** + +Functionally looking for dynamic spread (off a distribution or range, not fussed), commission and fees, leverage, draw down reporting, and a couple of basic metrics. + +I know there has been some churn in this space, so any advice will be appreciated. + +&#x200B; + +Edit: + +**Summary in order of perceived popularity:** + +1. Roll your own - Pandas style (3) +2. Backtrader (2) +3. Backtesting.py (2) +4. Pyalgotrader (1) +5. Pysystemtrade (1) +6. Vectorbt +7. Zipline (1) - version issues +8. Use a platform (Quant connect) (1) - cant select own broker +>Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. + +Is this really necessary? Is this good for bitcoin? + +There are many interesting and spirited discussions of bitcoin that are censored here because they fall under this definition. This might not be obvious to many readers. + +>Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. + +IMO /r/bitcoin does not operate in the same spirit, and that the censorship exercised here is detrimental for bitcoin in general. +I was scrolling reddit a few minutes ago and suddenly in my feed I see card that says "You've won a free reddit NFT!". + +I click a button that says "claim" or something to that affect. Honestly felt like it was scam because seeing "you've won!" show up randomly raises some red flags. After clicking the button it shows me some of the reddit avatars with a button that says "claim yours" + +Here's where I fucked up a little. Still feeling like it was some sort of scam or just plain not true, I click the claim button and suddenly I have the robot avatar, which was the first one to show up with the others. I could've scrolled and picked a different one I think but I thought clicking claim would give me a random one from the ones it was showing me. + +I have some questions, + +1) how many of you got one? + +2) what exactly did I do to be considered a "top Redditor"? I scroll and upvote a lot but don't post often. + +3) why isn't it clearer that I'm picking out an avatar? Guess I'm not mad I got a free avatar that I didn't care much about before. But I wish I could've looked at the others and picked out one I liked most. + + +Edit: shout out u/Maxx3141 for linking to an [announcement post](https://www.reddit.com/r/CollectibleAvatars/comments/wqsuwj/four_collectible_avatar_styles_to_choose_from_who/?utm_medium=android_app&utm_source=share) and for linking the [collections on opensea](https://www.reddit.com/r/CryptoCurrency/comments/wrxgj4/i_just_got_a_free_reddit_nft_for_being_a_top/ikv1489?utm_medium=android_app&utm_source=share&context=3) + +**TL;DR:** Reddit is giving out free NFTs to "top Redditors" who pass a karma threshold. What the threshold is and what other qualifications need met is not specified. You can claim it on mobile and if you are chosen, a special card will appear in your feed. This card in your feed is the only place to claim it. You can choose one of the four collections they have and you'll get a randomly generated NFT from the collection. You *probably* need your vault set up to get picked. + +Wish I had chosen something other than the robots. I like the other three more but oh well. I goofed. Free stuff is cool. +Having a bit of trouble with Fair Works unfair dismissal process regarding the above scenario. + +In Fair Works unfair dismissal quiz it states: + +\-a regular casual employee would be eligible for remedy under national unfair dismissal laws + +\-a casual employee who worked on an irregular basis would not. + +So - if a long term and regular part-time worker elects to go casual, gives new availability but the employer then does not give them any shifts, how would that pan out? + +Could they be terminated essentially by having their shifts cut, no question asked? + +Or would they be treated as a regular casual employee? +So I’ve been living in an apartment with someone I consider to be a very close friend of mine. We got a year lease and for the first few months everything was fine. About 4 months ago she told me she was having money problems and asked if I could cover for her part of the rent. I’ve known this girl for years so I said yes (like an idiot) and 1 month of covering for her turned into 2 then turned in to 3. Finally during the beginning of July I put my foot down because I literally didn’t have anymore savings and said I can’t cover for her anymore and she needs to pay her portion this month plus what she owes me or I’m taking legal action. She agreed and electronically paid me $2,800 ($700 for each month she didn’t pay) and I thought that was the end of it. + +This morning I got back from work to her being completely moved out of the apartment and a chargeback on my account for $2,800. I frantically tried calling my bank but since we used a 3rd party money app they said to contact the app instead which has so far been useless. I’ve been trying to get in contact with my roommate non-stop but it appears I’ve been blocked on everything. She has a step-brother who’s number I have but he hasn’t returned any of my calls yet. I have no idea what to do and have been freaking out/crying all morning. I live paycheck to paycheck and after covering rent for my roommate the past few months my savings were all depleted. I desperately needed that $2,800 for bills, food, medicine, etc and now it’s all gone and I have less than $50 in my account. I feel totally cheated and scammed by someone I thought I could trust. I don’t make enough on my own to pay the bills so I’m really desperate as to what to do. +Hey, guys + +&#x200B; + +I'm in an interesting situation where I'll be leaving the Army in the next 2 weeks and have been able to amass $70k over the course of my short career. I'm entirely frugal and debt free. I have no clear cut plan on what to do after I'm out apart from getting a short term job and exploring the options of flight school/college + +&#x200B; + +Some background + +&#x200B; + +I'll be moving in with family for the first few months until I'm in a position where I'm not hemorrhaging money + +&#x200B; + +I have 70k in relatively safe index funds (VTI, VOO), 3k emergency fund, and nearing 10k in my TSP (military 401k). + +&#x200B; + +I'm debt free, I own 2 vehicles that are entirely reliable. + +&#x200B; + +I'm really just looking for some guidance or suggestions on how to manage the transition back into the civilian sector. I'm entirely motivated to get back to earning a decent wage and am open to absolutely any suggestions or ideas on a career path or even things I can do with this sum of cash. + +&#x200B; + +Thanks in advance. +I know it sounds like a terrible idea but has anyone ever have the courage to do it? Was curious and wondering how it worked out? Did it pay off doing it? Just thinking on methods to invest. Thanks everyone! +If you had $15,000 and wanted to make the best / aggressive ETF dividend portfolio what would you do? +-I’m just graduating college (debt free) +-My risk tolerance is high +-This is for my Roth-IRA +-Holding for long term, won’t be touching + +-Any feedback would be greatly appreciated! Thank you! +Hi! Im just about to graduate from high school and want to eventually become a ~~day trader~~/live off passive income and be able to work for myself. To be able to build a foundation in trading and learn more about the markets, i would like to seek the wisdom of reddit to find the answers to my questions. +1) How would you invest your first $5000? +2) what would you have decided to study in college? +3) what goals would you have set for yourself? +4) any other pro tips? + + +*Update*:i'll stay the hell away from day trading + +Edit to add: I am NOT in the US. + +I got an eviction notice from my landlord as she wants to sell the property. So I checked my credit score yesterday using moneysavingexperts credit club. Just to see what it is before looking at new places. + + +61 + +Out of 999 + +I didn’t even know you could get that low. + +If you don’t laugh you’ll cry. Just needed to share with people that understand the struggle. + + +Edit: +Also not being evicted, tenancy is ending and I’m being legally asked to leave au age can sell. Wasn’t aware there was a difference. Sorry for the confusion. +I don't think this is a normal recession-recovery situation. It's not a business event. It's a completely artificial event. That means that looking at how this is going to unfold in terms of past recessions — and particularly a lot of people are going back to the Great Recession about a decade ago — is probably not going to provide much in the way of useful guidance, at least that's my opinion. + +The worst weeks for unemployment in U.S. history were recorded over the past three weeks: 3.3 million were reported on March 21, 6.9 million on March 28 and 6.6 million on April 4. Before the pandemic, the previous worst unemployment week was recorded in October 1982 when 695,000 people filed jobless claims. + +I wanted to share some insights / stats with you and get your opinions. + +The best-case scenario for the COVID crisis is a V-shaped recession. If this happens, the economy will rebound as quickly as it has declined, with minimal long-lasting financial damage. A sharp downturn followed by a quick rebound in growth defines the V-shaped recession. For the COVID-19 recession to be V-shaped, we would need to set up enough coronavirus testing so that people could safely go back to work without creating another surge in cases, and effectively treat existing cases. Around 38% of companies believe that the recovery will be V-shaped, with the economy rebounding by the third quarter of 2020, according to a survey from EY. + +If COVID-19 causes a longer, U-shaped recovery, that could mean the economy wouldn’t begin recovering until the end of 2020 or even early 2021. EY found that 54% of companies believe that a U-shaped recession is likely. + +Those arguing for the V-shaped recovery are making two wildly unrealistic assumptions. One, we re-open the economy pretty much all at once, and two, consumers won’t change their behaviors. For example, they start going back to bars and baseball games immediately. + +I just sold most of my indices and am thinking about shorting S&P500. The recent rise in the equity indices appears based more on FOMO than on medical developments for dealing with the pandemic. I suspect markets will test previous lows set in March, similar to 2008-2009. + +What do you think about an upcoming recession, and about the steps needed for a economic recovery? +I feel like there’s a consensus on stock forums that a catastrophic market crash akin to the dot com burst is happening soon. They use historical prices to back it up, and they inform anyone who’ll listen to sit on large quantities of cash, because everything will come crashing down soon + +Is there anyone out there that thinks that won’t happen? + +I can see a -20% decline over the course of a couple months happening in the next couple years. I can also see certain industries that are inflated to come crashing down. If you see what happened to [ZM](https://i.imgur.com/IumMxau.jpg) from October to December, I can easily see something like that happening to a variety of different growth stocks that are completely mispriced. + +But we also have companies making a LOT of money that can justify a lot of the prices. AAPL made over $100 billion **in a single quarter**, and they’re growing 20% YoY. They have almost $200 billion in cash alone, and they’re innovating and finding new ways to make money. Why is a $2 trillion market cap unreasonable? + +Same with AMZN, MSFT, and other big tech companies. Unlike the dot com levels, tech companies are actually making a lot of money. I personally can’t imagine a -40% market drop that later stagnates for years on end when companies like AAPL have most cash in hand than their entire 2010 [market capitalization ](https://money.cnn.com/2010/03/29/technology/apple_valuable_companies.fortune/index.htm). + +I know this post is going to get of snark, but I hope we can have an actual discussion. The people who have been screeching “MaRkEt CrAsH iMmInent” are the ones that have been losing the most these last few years (by having large portions of their money uninvested in the midst of an incredible bull run) + +With investors finally realizing the potential these tech companies have nowadays, and with tech companies making more money than what was once ever thought possible, does anyone else think a catastrophic market crash just.... won’t happen? +I see it as a recurring theme that users who have retired early state that they can't tell *xyz* person(s) that they're retired. Sometimes users state that this means lying to their friends about working fake jobs. Few really delve into the reasons why they decide not to tell their friends that they're retired. + +For those who care to answer, **I'm not questioning your decision**; I'm genuinely curious about the reasons why. + +Thanks +Just saw Chamath share a DD from a reddit user that predicted the GME’s meteoric rise and impending squeeze, exactly play by play 143 days ago before anyone was even thinking of GME for potential stock picks. + +You have to see this: https://www.reddit.com/r/wallstreetbets/comments/ip6jnv/the_real_greatest_short_burn_of_the_century/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf +I mean, I've been in the space for years, and I've seen a huge number of posts expressing a similar sentiment. i.e. "This is why we bitcoin", videos showing incompetent politicians relishing their control of the money supply, or plebs like me who are devastated by their government's wealth confiscation. + +But when TED CRUZ basically says the same thing, the crypto community says he has an ulterior motive, or they worry aloud about how this transformative technology (whose original mission statement was to separate money from State) is, heaven forbid, becoming political. + +If this community is this irritated by little ol' Ted Cruz, then I'm afraid our sense of cohesion is in for a real bumpy ride ahead... + +[edit: As a rule, given any two parties with opinions regarding wealth redistribution, one should always expect the one who is least supportive to be the first to embrace a confiscation resistant technology like Bitcoin. So, in America, you should expect the Libertarians to support it first, followed by the Right, and eventually parts of the Left.] +My mom died a couple of days ago but before she passed she had her house placed in a trust, there is currently still a mortgage on the house, located in Florida + +I’m not sure what I’m supposed to do, it’s a really nice house and she got a good rate on it (around 2% I believe). + +Am I supposed to try and put the mortgage in my name? (my credit isnt spectacular) Or do I just pay it as she normally would have and be good to go? I do plan on moving into the house. + +Also I am the trustee listed within the trust agreement + +edit: Spoke with the attorney that prepared the trust, he said that the mortgage does not need to go into my name and I do not need to qualify for the mortgage. + +He also said the mortgage lender cannot accelerate the loan because my mom died. + + I would just continue paying as normal. The house itself needs to go into my name for property tax and home insurance purposes but he will prepare the paper work for that once I have my moms death certificate. +For the people out there who follow the macro environment, there is always a lot of discussion in past market bursts (such as 2008 or 2000) that there are or were fed policy mistakes that either caused or contributed to the meltdown. + +This is relevant now because as we come into talks about tapering, there is a lot of chatter about a potential fed policy mistake one way or another. + +But I think this is a poor way to think about these items, and views of mistakes completely ignore the context of the macro environment and ***why*** the fed made the supposed mistakes in the first place. + +**Most Policy Mistakes Are Fed Decisions Where They're Forced To Choose Between Two Bad Choices** + +# Fed Policy Quick History: Caught Between Tough Choices + +Lets start with a quick history of important fed decisions, many which have been labeled policy errors in the past. + +* **1980-1982 Volcker Rate Shock:** This was the worst recession the USA had since the GFC, and capped off an era where Inflation was the boogeyman and there were multiple bad recessions and employment shocks. At this time, inflation was running extremely hot (over 10%), and it was starting to get out of control. + * **The Fed's Dilemma:** Raising interest rates would kill the economy, which was already having a tough time dealing with the inflation of the time. Rates would have to rise to 18%, which would seriously cut off lending growth. But it would effectively stem the tide of inflation. Volcker chose the very tough decision to raise rates to 18%, which effectively cut inflation down significantly. +Another point worth making is that the introduction of Reagonomics was a key factor in reversing the age of inflation of the 1970's, where there was a significant lack of investment in new productive capacity. At the time, this was extremely beneficial. OF course, we're more or less at the opposite end of that spectrum right now where we have a glut of overinvestment and have possibly taken the 80's policies too far (obviously subject to political debate and views). +* **1998 LTCM Bailout:** This was a historic bailout that occurred during a time of a lot of international market turmoil (Asian financial crisis + Russian default) and a burgeoning US equity bubble (dotcom bubble was starting to really pick up steam here). The sudden failure of LTCM however threatened systemic issues in the financial system, and thus became the first bailout of a private hedge fund by the FED. This was a new precedent, and many believe it kickstarted the parabolic phase of the dotcom bubble. + * **The Fed's Dilemma:** Do you allow the LTCM meltdown to spill into the rest of the US banking system and economy, or do you bail out LTCM and support the economy + job growth? The fed chose the latter, which at the time supported their mandate of stable prices and full employment. They did not have a crystal ball suggesting an even greater equity bubble would form from this. +* **2000-2003 Dotcom Bubble Burst:** After likely contributing to the dotcom bubble with the LTCM bailout and interest rate decrease, inflation started to rise a bit in late 1999, and credit growth and equity mania forced the Fed's hand to cap the bubble before it became even more difficult to control. The fed did a few emergency rate hikes, and the credit cycle quickly turned down, which had been feeding the dotcom mania. + * **The Fed's Dilemma:** Critics of the fed would have said that the emergency rate hike burst the bubble. Critics of the fed also said that they let the bubble get out of hand. Literally, there was no good choice here except to bite the bullet and hope the landing wasn't too hard. In reality, the *real* economy did have a soft landing in the dotcom bubble, partially thanks to the fed's interest rate decrease after the bubble really started to get going. +* **2007-2008 GFC:** After dropping interest rates to keep the economy afloat during the GFC, very few people wanted anything to do with equities, especially tech stocks. This caused a shift in behavior towards real estate, which was already quite strong and resilient even during the dotcom crash. At the same time, the global economy was recovering from the crises of the late 90's and dotcom era, the euro was being adopted as a currency, and China was rising as a member of the world trade organization. All of the above created a perfect storm for US real estate getting piled into via carry trades, while the US Dollar was getting depreciated by all the above factors. + * **The Fed's Dilemma:** The fed clearly started to see the monster that was being created in 2005. Not only was credit growth going parabolic + real estate lending going off the charts, but inflation was also surging in the USA due to all the aforementioned factors. Gas prices surged to over 4$ per gallon (at a time when many drove "clunkers"), Copper surged to very high prices, and real estate / rent was also going parabolic. Greenspan was looking into a surge in inflation that hadn't been seen since the 70's, and was forced to decide between allowing real estate and inflation to go completely unchecked, or to raise rates very quickly to stem the flows from getting more and more out of hand. +He chose the latter of raising rates, which then led to the chain reaction causing the GFC. Thing is, we don't know how much worse things may have gotten if Greenspan chose to ***not*** raise rates. Think of how much larger the US real estate bubble would have become if it wasn't cut off at the source. As bad as things got in 2008, they could have been worse if they allowed things to continue. +* **Post GFC Environment:** After the GFC, the Fed shifted stance and most central banks became far more accomodative. The reaction of policymakers to any asset drawdowns has become far quicker and far larger. With that said, there have been some scares where the fed was tightening a little bit, which threatened to choke off the economy. The most noteworthy one was in late 2018, where the rate hikes and QE Rollback caused a 20% drop in markets before the fed reversed policy to engineer the 2019 rebound. This was likely a close call in some regards. + + +# Lessons and Takeaways + +From all the above, there are a few important lessons for investors when it comes to understanding equity and credit cycles + risk in the macro economy. + + +1. **The party likely will or can continue so long as the central bank / government are accomodative:** You'll notice that all of the above recessions occurred during a time when the central banks were ***forced*** to tighten financial conditions. + +2. **Inflation (asset inflation or economic inflation) is always what takes the punch bowl away:** So what causes the fed or government to reverse accommodative policy? Almost always inflation. With a mandate to maintain stable prices and employment, inflation in the real economy tends to damage consumer's wallet and destabilizes prices. Inflation in assets typically comes with credit expansion, and threatens to destabilize employment and prices as it becomes larger and increasingly more fragile. These items generally tie the central banks' hands and force them into tough decisions. The ***levels*** at which the fed is forced to take away the punch bowl however is a lot more subject to opinion, and definitely not precise however. + +3. **Raising rates or tightening policy into an overleveraged environment creates systemic risk:** If you note the difference between the 1980's rate increase from Volcker, and the interest rate increases from the GFC or even in 2018, you'll notice how much more sensitive the economy is to rising rates. And furthermore, you'll likely realize how much more convex the downside gets with the more debt that exists in a system. + +4. **Debt in a system puts a soft cap on long term inflation rates:** Because central banks tend to get forced into action when inflation rears its head, and because the central bank behavior causes debt defaults and credit issues to arise, this forms something of a natural soft ceiling on how high both inflation as well as interest rates will go before triggering a deflationary shock. Once again, this isn't any set level, but you get a good broad view of this by looking at long term interest rates since the 80's, and then looking at aggregate leverage / credit. + +5. **The fed shifting to less accomodative stances isn't consistent with timing of market selloffs or recessions:** If you're trying to time the market based off this alone, you may get it right some times, but other times you would be far off. This timed the top of the dotcom bubble, but also missed out on the top of the GFC by over two years and quite a few rate hikes. It also missed out on most of the gains in 2017 and 2018 despite rising rates. + +6. **The fed doesn't make "mistakes", they make choices to deal with the problem at hand over the problems that may occur in the future:** In nearly every situation, the fed's dilemma caused them to choose between dealing with the problem that is currently occurring in the market with the risk that their solution could cause a problem somewhere else down the road. In every instance, the fed chooses to deal with the ***current*** problem over the problem that may be. And most people would not do anything different, because we don't have crystal balls and can't predict the future. I do think the fed has made bad choices, but most of the choices actually fit their **mandate**. In other words, don't hate the player, hate the game. +* **GameStop reported its fiscal first-quarter earnings after the bell on Wednesday.** +* **GameStop has said it plans to launch a non-fungible token (NFT) marketplace by the end of the second quarter.** + +[**https://www.cnbc.com/2022/06/01/gamestop-gme-earnings-q1-2022.html**](https://www.cnbc.com/2022/06/01/gamestop-gme-earnings-q1-2022.html) + +&#x200B; + +GME 🚀🚀🚀🚀🚀🚀 +Hello apes + +Love you all. DRS account #37,XXX checking in!!!!! Appreciate this community. Saved my soul and I mean that. + + +Realized something that may be of interest. Topic has been discussed but this nuance could be of use, especially when discussing w/ non apes. + + +The fact that we have had sooooo much backlash from MSM and shills is obvious. But there has NEVER been a counter DD done by hedgies/WallSt. All their money, degrees and computers but not one of them has ever made a burner account and posted a top tier counter DD. + +It should be simple for them to work one weekend with vodka cocaine and bang out a PHD level counter DD. A simple one would be best really. Sounds fun if that's ur thing. + + +Or hire PHD's and quants and Steven Hawking V2 to come up with a BELIEVABLE, SIMPLE chink in the APE armor. BUT THEY FUCKING CAAAANNNN'T!!!!!!! + + +Never. Not once. Of the probably 100,000 "smart money" people wrapped up in this they can't. Fucking. Do it. + + +Their reputations, careers and way of life depend on it. Stakes can't get higher. But all of them combined can't write a top tier counter DD. + + +Or one of them late night searching for answers hasn't said "aha! they didn't see this angle! not so smart now!!!!" But again, no. Never happened. + + + +Tl/dr: +The most advantaged people in the history of humanity can't prove us wrong. Even a little bit. + + +Sincere, true and eternal thanks DFV, Cohen and most importantly all A.P.E.S ✌❤. Let's save humanity. +I understand this question maybe be different depending on circumstances so a little background. Im 31, live with my partner, no kids. We’re currently renting with plans to buy in a few years. Financially we’re in a good spot, we both have a pretty decent chunk of savings but as of recent I’m much more interested in my money. I generally drive a small car (my work car) around daily and maybe once a month I drive my garaged car. It’s a nice car (Holden ute) it probably has a value of $35,000 but I’m starting to think with the cost of insurance, rego, and what that 35k could be doing for me, is it a waste of money keeping it just because I ‘like it’? +It’s amazing how $5,000 would literally change my life right now. To so many people this is such an insignificant amount of money. That’s mind blowing on its own. But $5,000 would allow me to catch up and pay all my bills and not constantly have to struggle living paycheck to paycheck. Living in constant fear of losing hours, getting sick, etc. My mental health, stress, and anxiety would drastically decrease. I would sleep. I miss sleep so much but I’ve been too stressed to sleep. It would change everything. $5,000 would change my life. +TechCrunch said developer Niantic planned to launch Pokemon GO across the country on Wednesday, but then canceled it over worries the hype generated by the game would overload its servers. +‘Twas the month before Christmas, +And all through the manor, +Was discussions of gift giving, +My wife the chief planner. + + +But what weighed on my mind, +More than anything else, +Was the debt that were hoarding, +For which my heart melts. + + +See dad works so hard, at his job every day, +With the hope that chase, capital one, and discover would some day go away. + + +In fact we still have credit card debt, +from last Christmas too, +yet she wonders why the holidays make me so blue. + + +Yes the sound of jingle bells, makes me cringe with the thought, +that more useless junk will soon need to be bought. + + +We aren’t making any progress, towards the life we desire, +the money isn’t enough, it’s too low to ever FIRE, + + +I can’t help but think “is this what I went to college for?”, +Fifty thousand a year but we always need more. +Minimum payments and groceries and cable galore, +Over time isn’t cutting it, we are still poor. +It’s almost cruel to say, but I wish you grew up poor, +At least then you’d understand me, and what I’m striving for. + + +Now with no food stamps, cause we don’t qualify, +I sometimes do wonder how did we get by. +It’s no mystery though, if you’re just vigilant, +Of the debt to credit ratio, above ninety percent. + + +We’re just one catastrophe away, +Of complete and utter despair, +And this hopelessness has me pulling out my hair. + + +But back on the topic, of why Christmas is agony, +Is the gift giving season, +Oh the humanity. + + +Black Friday ads, fill the airwaves with glee, +But they really just don’t do anything for me. + + +Here I am trying to budget, to strengthen our financial steeple, +But all I hear about is what we should get for other people. + + +And “what do I want”, the question plagues like a cancer, +But apparently “nothing”’s not an acceptable answer. + + +But I ask myself daily, what is it I want, +The truth is it’s not something santa can bring. +I want financial security, not some material thing. + + +So if you see me this winter, don’t be surprised, +If dad has dark bags under his eyes. + + +This treading of water already had me in panic, +But here comes the Christmas iceberg to sink our titanic. + + + +My wife has a bit over €40k that she has blindly sitting in mutual funds since I’ve known her (over 15 years). It has not grown much. We just ignore it. + +During this same time, her sister actively controls the investments for the same sum she was given and has grown hers to around 90k. + +My wife admits that if she paid attention to how the money is invested, she could do better with it but says she simply doesn’t have the energy to learn about any of it. Therefore, she’s turning it all over to me to manage and grow. + +I have no clue about money, stock, or how to invest or grow money. I grew up poor and my education on money from my family was more than nonexistent, it was detrimental. + +Our financial status outside of the 40k: + +* I bring home €4150 a month after taxes. +* She brings home €700 a month after taxes. +* The only debt we have is the house we just bought a year ago. +* The house needs further non-urgent work in the future (new kitchen, bathrooms, etc.) that we’d like to save up for. +* We own our car outright and only pay insurance and gas. +* We have 3 kids 10 and under. +* We have about 4K in savings (recently down from 15k due to initial cost of moving in and renovating) +* We put about €1,200 a month into savings. +* We don’t otherwise budget or control what or how we spend but we live within our means and don’t go over. +* We live in Germany. + +I’m willing to put in the work to learn whatever I need to learn in order to make proper decisions but on my first googles, I’m a bit overwhelmed with the amount of information and options and want to try and narrow the scope a bit. I guess I’m looking for good advice so that I can have a better starting point with it all. + +I really don’t want to mess this up. I want to take a firmer grip on our financial situation. + +Any suggestions, tips, direction, or help would be very much appreciated. + +Edit: + +Thank you so much for the continued responses. I’m still working my way through them all, which will take some time, but I greatly appreciate your input and will continue to read everything. + +I do want to address one thing that’s come up repeatedly about my wife. + +My wife works her ass off for our family. Lazy is the last word anyone could ever use to describe her. I may “work” longer hours and bring home more money but she runs circles around me with the amount of stuff she does while I’m at work. She kicks ass. Anything I can do to ease her burden is a plus. If anything, I’m at fault for not taking a larger interest in our finances earlier. + +Her wanting me to drive a topic that she has no interest in or energy for is completely reasonable, I think. We’re a team. I’m just taking the lead on this topic, not being abandoned to make all of the decisions on my own. She’d still be involved, listen to everything I have a say on the topic and help and support making major decisions. She’s not leaving me alone to take the fall if I fail. She’s not ignoring it all. + +This is what teams are for, no? +Hi everyone, + +I'm very new to investing and I am looking at investing in some UK Index Funds. I want to hold them for the long-term and just passively buy more and more, which I have heard is a solid strategy (please correct me if I'm wrong). + +I have been looking at the following Vanguard Index Funds but can't find a simple explanation about their differences: + +• FTSE 100 Index Unit Trust +• FTSE U.K. Equity Income Index Fund +• FTSE U.K. All Share Index Unit Trust + +Also, do these Index Funds pay dividends? I can't find an answer for that either. + +Any guidance would be greatly appreciated, thank you. +What trading platform do you use and why? + +Do you day trade? Swing trade? Or are you investing? + +I'm currently playing with etoro, but I find its functionality quite frustrating, very dumbed down, and a lot of the time it glitches. +I did hear that it's time in the market not timing the market but my investments are taking a pummeling at the moment, perhaps it's worth selling them and holding cash for a while? + +The market indices are all looking pretty red too... + +I have BG American, BG Emerging growth, Fundsmith, LT Global, LT UK etc... + +Thoughts? +having done a rights issue and the price dropping some 30%, shows that however bad things can get with the stockmarket things can get worse. + +Yes Lloyds, Cineworld, national express look cheap, but you won't be getting a bargain, if they are cheap its because the market knows their worth +I'm looking to start dividend investing wanting to get some compound growth for the long time to build up a retirement pot. Should I hold out for robinhood to enter the UK, go with a different trading platform (trading212, free trade) or go with a more well know broker like HL despite being more expensive? +Any advice would be great! + Hi, + +Is anyone here invested in LT UK? + +How do you feel about it right now? + +Every time I look something else has gone wrong for the fund. + +I will be honest, it's one of the first things I invested in when I didn't really know what I was doing. I went in too heavy and it's roughly 20% of the portfolio I run for my kids futures at the moment. + +I have held it for what must be around 3 years plus. It's around 4% up at the moment. + +I keep telling myself that their time is coming and it will improve. But it just continues to disappoint. Much like their Japan fund that I also own... + +I keep wanting to halve the holding, but would kick myself if it did take off later this year. So I'm a bit torn. It's the only time I have been really. + +Looking for opinions on this one. Are they just too stubborn nowadays? I don't feel good about some of the main holdings like Hargreaves. + +Thanks for any input. Don't roast me too hard, I was new to investing when I did this! +My UK portfolio is pretty red just wondered why the likes of BP/Shell/Legal & General/Bdev/ are cheap at the moment is it to do with negative interest rates or something? + +Just wondered what are people’s thoughts and feelings? +Hi, + +I decided to put part of my emergenct fund towards bonds. + +Do you think it is better to keep it in one global bond or rather split it equally between 3/4 different ones? + +Just incase if I ever needed the emergency fund from them bonds, I could always sell the one with most profits. + +Would there be any downsides to this? Sorry im newbie in investing +I'm new to the investment world as of today so please forgive if my terminology is off. + +I placed my first investment today which was on the Vanguard FTSE Global All Cap (Accumulation). I put in £1500 today and will top it up with £100 every month via direct debit. I wish to know how much I may have after 10 or 20 year period, and have been using this online calculator which is for compounding interest: + +[https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php](https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php) + +Would this be correct to use in this situation? In the interest rate field I input what I expect the annual % increase of the fund to be averaged across a 10-20 period, which I've chosen to be 10% (is this too farfetched?). Also, are there any calculators that can take into account the accumulation effect? Thanks in advance +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! +Don't get me wrong, I love Amazon (prime) and I admire how far the company has gone. But it also holds about 50% of US e-commerce which can sound like a monopoly, and while the share price is being pumped up, a regulation from the US against Amazon can do a lot of harm and create FUD. + +I see the same signs as in the Bitcoin bubble (and I also love Bitcoin but that doesn't change anything). Everyone raving about Amazon and how its price will reach $5000 or $10000 and the company won't stop innovating and will take over the world. + +Just finished watching such a [video](https://youtu.be/0Dv_4vOj_UM) and from that time (\~2k share price) now it's at 1.5k. Also, the comments...people are so excited and ecstatic, same as in the bitcoin bubble. + +As all the global ETF and S&P 500 are quite heavily geared towards the big tech giants, a small blip in one of them can cause a lot of disturbance on investor's "diversified" portfolios. +Hello, + +I'm currently on the auto enrollment pension at work with the minimum contribution of 5% and employer match for 3%. + +In addition to this, I'm investing £300pm (due to increase) in a S&S ISA with Vanguard (conventional low cost index funds). + +My question is whether or not I should be investing my £300pm in a SIPP instead? I'm 25y/o with no real RE ambitions. Won't be touching the pot for decades as I have a decent emergency fund and cash pile for a deposit. I'm currently a low rate tax payer as I understand that's a factor with the tax relief for SIPPs. + +A follow up question/alternative would be when is it worth increasing my workplace contribution instead of my side investment pot? My employer doesn't offer any further match or salary sacrifice. + +Thanks in advance for taking the time and any wisdom offered! +Hi everyone, + +I started investing in stock and shares several years ago... I am currently looking at buy property... I know want to also get into owning gold. This will be a small % of my portfolio, almost as a store of my money, over many years (30+). + +I want to know who would you recommend buying through, RoyalMint directly? + +And in time when I decide to liquidate the gold what would be the best way to do so? + +Many thanks. +I've been in this since February 2021. I've dollar cost averaged down from $299 to $140. I bought a shit ton of stock when we hit $80. I bought a bunch more last week. I'll buy more next time I get a paycheck. I don't post my positions for the bot but I am direct registered with computershare. + +There are others like me I am sure. + +I've been waiting for this week all my life. I literally got goosebumps when gamestop announced that they were going to ask for a share increase to give a dividend. + +I've voted twice. + +I have a wallet, and I bought from the NFT marketplace first day. + +I grew up a gamer, and still love to play video games. I buy exclusively from gamestop now. + +We are on the precipice of history right now. It's my privilege to be here with you. Holding. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Buckle up! +I was very irresponsible in my early college years and managed to rack up a huge amount of credit card debt buying stupid crap. Then, I got married and "life happened." Financial literacy was not part of our language.Now, I find myself divorced, and barely making it. I have $200 dollars to last the next 10 days. I have a total debt load of $17,237.01 (Three credit cards and a student loan.) I pay nearly $500 a month to pay down debt. I'm tired of it. Really tired of it. I'm tired of working just to give away my money. If I could go back in time to slap my younger self, I would. + +I recently turned 18 and I manage a restaurant in Colorado Springs. Pay is nice and it’s definitely enough to live easy off of. It isn’t a bad job at all, especially for this time in my life. I live with some roommates, rent being about 500$/month. I’m currently making roughly 2,000$ monthly. I’m definitely financially stable and I have money adding up that I don’t need to spend, so there is no better time than now for me to start investing. + +The problem is that I don’t have any experience with investing. What is an easy place to start? What are examples of good things for young investors to invest in? What are some resources I can use to learn more about more successful ways to gain wealth? What have successful entrepreneurs done early in life that have made huge impacts on their net worth? These are just a few questions I have haha, I’m just very curious and there is a lot I wish to learn. + +What would you guys think? What steps do you recommend I take first? +A few general questions here, so I'm gonna try to keep things condensed and clear. + +I (22F) am starting to become more independent and have only recently understood some of my mistakes with this and am attempting to correct this, but here's the break down + +So I'm at a more long-term job at a small company, and we've just gotten the benefit of a 401k, I've got it set up right now at 15%, but before this, I was putting money into a vanguard account for my 401k. + +I've worked two other jobs where I started building my 401k. + +One, I was at Walmart for a year and put in about 20% of my paycheck, and quit around the beginning of 2019, and just left it there. + +Then end of 2019 I got another job for 5 months and put about the same amount, it was also a small company and I don't recall the portal we used for it, but once again when I was laid off cause of covid, I just left the 401k money there. + +Would I still be able to roll over the money from these two separate opportunities? And should I congregate them all into something like an IRA, or just roll everything into the 401k provider my company is using? +I’ve been in college for 2 years now and my parents (dad and stepmom), who are well off, have paid for everything I need and a lot of what I want, from groceries to rent to tampons and more. I’m so incredibly grateful for their support but it always comes with strings attached. Some examples: + +1. They won’t pay for college if I get a tattoo. I have talked with them about this one and they came around and although they probably wouldn’t be happy, they wouldn’t cut me off. +2. They won’t let me move into a 1-bedroom apartment- even though it’s similar finances- because they believe I need to have roommates for a full college experience, even though that’s not necessarily the experience that I want. +3. They constantly hold the monetary situation over mine and my siblings heads for everything and they use it as a bargaining weapon- “you want do to this? I guess I don’t have to pay for college.” + +I’m getting tired of feeling so controlled, even though they’ve let the leash go over the years. I’m thinking of cutting myself off from them so that I don’t feel our relationship being so strained. + +So first- Am I just being entitled? Would I be stupid to refuse their money for college? + +Second- how should I go about making myself financially independent? I feel like I could get scholarships for my good grades/ extracurricular and I go to a state school so tuition is lower. What types of financial aid are available? + +Edit: Thank you to everyone who gave me constructive advice. I was definitely afraid that I was being entitled, which I think was partially true. I’m extremely appreciative for what I have but I don’t think I really thought about what it would be like to be completely financially independent. They really do have my best interest in mind and I’m still maturing in handling my relationship with them. I decided to totally forego the idea and work on the underlying issues in my relationship with my parents. Again, thank you to everyone who was so kind and level-headed in their advice. +We have been in this apartment for 10 months have 2 left on our lease. It's brand new, first floor, quiet neighbors, everything is great in my eyes and I think my gf really enjoys the place as well. The thing is that rent is increasing $100 a month to make it a total of $1200. The first two months I lived here alone so I paid 100%, after my gf moved in she started paying around 35% and I paid the rest. We split groceries, wifi, utilities, etc... the problem is that she wants to find a cheaper place to live for the next 8-12 months and after that she really wants to move states. We have decided to split rent 50/50 from now on moving forward. In my eyes, I cannot justify moving across town just to pack our stuff up, essentially as soon as we can just to move to another state. Maybe I need to be more frugal and start saving money where I can, but at the same time moving isn't free nor cheap plus we would be having to pay another security deposit for us and our dog. I haven't figured the numbers but I don't think that it would be saving us enough money to justify moving. + + +Sorry for the horrible punctuation and organization, if you need more info I will reply asap, thank you for your input on our situation! +My dad wants to borrow 20k from me to remodel the basement. I’m 18 and I live with him and do not have to pay any bills or rent so I’m obviously willing to give him the 20k but I am wondering if I should have him sign some sort of contract recognizing that he will pay me back. I just do not want to lose 20k because in the next 5ish years I plan on moving out and building my own tiny house + +Edit: I do have a full time job but the large sum of money came from my mothers life insurance when she passed, he did not give me the money +I have decided to get back to school, during the past years I have managed to save up around 75% of what I would require. I am from India and is planning for masters in US. Most of my savings are in the form of stocks in both the US market and here in Indian market. Although, the market has been going through a turmoil in recent months, I am still in green. Now the question I face is should I sell off my stocks to finance my education or go with a loan. The rates I am being offered is around 9%. +What would be the better option? Is expecting 9% return in the current market an overkill? Hoping for +some inputs from you guys. +Hello all! +I’m relatively new to this subreddit so I do apologize, but I am looking for small easy ways to help bring in passive income to help support me and my wife! I’ve heard of drop shipping and all that but I think drop shipping is a little risky. I do have a tiny amount of money invested into stocks but that’s about it, I would really appreciate any advice on bringing in passive income or any advice on money management and planning! Thank you! +Hello all, I'm 19 and I'm about to ship out to San Diego next week for UMSC boot. I honestly have no clue on what I should be doing with my finances. I come from a family who's in serious debt and I don't want to follow in their footsteps. + +Id like to learn how to invest for the long term, short term, and manage my savings/investments wisely. Where do I start? + +EDIT: thank you all for the wonderful advice, I'll be sure to use this information to set myself up for success! +Hi, my name is Elizabeth and I’m a reporter for Reuters. I’m writing about the election and retirement investments. The majority of Americans--anyone with around $1 or 2 million to invest or less--hold most of their assets in equities, often because their savings are in retirement products. Analysts expect at least some degree of market volatility ahead of the 2016 presidential election, which could impact these investors’ portfolios. Financial advisers usually urge taking a long term view, and not to making changes to investments based on Geo-political events. However, with the many unprecedented elements at play in this presidential election, some investors and advisers are taking unique steps to safeguard against or capitalize on market volatility. Investors: have you made changes to your investment portfolio this election year and never before? What changes did you make? Have you moved into investments that protect against risk (core holdings, S&P 500 index fund, and large cap holding w/ value orientation, Vanguard High dividend yield ETF)? Are you staying put or have you moved into stocks that you think could benefit from a relief rally? Are you holding more cash than you typically do or have in past election cycles? Have you asked an adviser for help? Advisers: are you finding yourselves making suggestions you’ve never made before? + +I would love to hear your investing and election stories. If you have something to share but would rather do so privately, feel free to DM me. Thank you! Elizabeth + +Obviously everyone knows what the auto industry is looking like nowadays but I just thought I'd share what happened to me in case someone else might be in a similar situation. I was stuck in a 2020 Nissan rouge sport for a 36 month lease paying $615 which was killing me. I needed a car due to my son being born and I had no other options since I was broke with a 585 credit score. I was upside down on my other vehicle which was too small to fit a baby seat and had to add it to the lease. Yesterday I was able to sell my leased car back to Nissan for 26k which the payoff was 27k so after 11 months I just had to pay $1,000 to get out of it. I would had to pay about $15,000 if I kept it till the end of the lease. I'm just glad it's over with. Nissan is buying back leases and even cars without you buying anything from them. I got lucky and will never make a mistake like that again! +BBC News - How Bitcoin's vast energy use could burst its bubble +https://www.bbc.co.uk/news/science-environment-56215787 + +TL;DR: Don't worry you didn't buy bitcoin. It's really bad for the environment anyway and will soon crash! +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. +With the upcoming stock split, does anyone else find it completely nuts that hedgies are still manipulating the stock price lower? How in the world is giving us the opportunity to buy MORE cheap stocks going to help the once the split happens? + +It seems to me that apes are almost all in favor of the split, and it will almost certainly be approved, so what's the deal? Am I just going crazy here? How could this possibly be happening? I honestly just can't wrap my head around this. What am I missing? +Never thought this day would come. I am an environmentalist. That's part of what prevents me from acquiring Bitcoin. + +But I am more of a libertarian than an environmentalist. Late fiscal policy made by this whole Covid19 thing, and now CDBC begins to be rolled out everywhere. I have no choice. + +Here I am Bitcoiners. I am one of yours now. + +I'd rather have this planet burn than having the government control our freedom. +Hi Reddit, curious to hear how you all split bills/rent/etc with your partner. + +My income is £23K (around £18K after tax) and my partner's is £33K (around £23.5K after tax). + +Rent and bills cost us roughly £1.1K a month, which we both pay 50/50. Although we have been together 8 years, I'm keen to pay 50% on everything, as that seems fair, and I don't like the feeling of having to depend on someone else or someone else pay for me. + +We'd like to start saving for a house, however, I'm starting to realise saving isn't really a possibility for me, because rent, bills, food, general household items etc take such a chunk out of my paycheck. My partner's parents will also be giving him 4K a year to put towards a LISA so he can buy a house. Something my parents cannot financially help me with. + +I feel like if I'm not putting 50% into the house, then I can't really say it's something I bought or own, as it will have been as a result of my partner's money. But I also just don't think I'll realistically have the money anywhere near as soon as him. I'm feeling a lot of financial pressure to keep up, I've been going for promotions and raises but don't see myself getting on his level any time soon. Especially as his salary increases by roughly 10K each year. + +Edit: Thanks everyone for your insights! It seems proportional to your income is the way to go. Going to swallow my pride and have this conversation. It's been helpful hearing from you all! +[St Louis Fed president says](https://www.cnbc.com/2022/02/14/bullard-say-the-fed-needs-to-front-load-tightening-because-inflation-is-possibly-accelerating.html) Fed has to front load hikes as inflation is accelerating. Why don't they simply shut up and announce a half point , or 3/4 point hike? Is this system that levered and frail that after months of signalling, the market can't handle .50? That seems way more concerning structurally than inflation, imo. + +&#x200B; + +Edit: Correction to Change "Fed says" in hyperlink due to mistake noticed by a commenter. +As the title says really. My wife would like to buy a cat, and I’m thinking about the 15-20 year financial commitment of ownership. + +Any dilligent record keepers care to give any insight? Food, litter, medication, vet bills, cleaning etc etc. + +Many thanks +My parents are abusive and they talk of setting up an arranged/forced marriage for me soon. They financially control me so I have no access to a job or credit card. + +I'm a US citizen that's stuck in a third world country. Is there any way I can take out a student loan while I am here to cover living expenses for when/if I arrive in the US? +My wife and I have saved up 100k for our first home deposit. We are currently looking at the Logan area (which is about 30min when theres no traffic south of Brisbane CBD) for our first home. We've found one which we like. However, the seller wants mid 500s. I am completely lost on whether this is really an acceptable price for a house in this area. Houses here are currently selling for 450-800k. 450k will currently get you a shitbox. So technically it's within 'market price'. My partner and I earn approx 175k combined pre tax excluding super. We don't want a massive mortgage and the stress associated. + +My main concern is prior to march 2021 these houses were going for 350-450k. In the suburbs we are looking at there has been a 30% increase in price in just the last 12 months. In the last 3 months they are down about 3%. + +On one hand I'm afraid that we are still just paying for the low interest covid frenzy and that the true value of these homes should actually be much lower. On the other hand I'm concerned theres just been a major and permanent shift in what people are willing to pay even this far out of Brisbane and that the rising interest rates won't really change the value of these homes. I am also dead sick of renting (currently paying 600 a week and living in the same area we want to buy) + +For reference this property is reasonable block on a quite a busy road so its not an ideal location but the layout/ yard does work really well for our family (we have dogs) and proximity to work/transport. + +There are essentially 2 ideas floating. + +1. Rising interest rates drive prices down regardless of demand. In this case I'm better off waiting for the perfect property + +2. Rising interest rates have little impact due to demand from people being priced out of 'nice and expensive' areas and thus looking at more affordable areas, Olympics, continuing rental crisis, flooding etc. + +I am completely torn and hearing conflicting ideas/strategies. I understand no one can predict the future but just wanted to share my internal conflict/ analysis paralysis to hear others opinions. I don't want to look back in 3 years and end up having to pay 750k for these houses, but I also don't want to buy into FOMO and over pay / lose all equity. I wish I had bought 2 years ago but here we are. + +Ty all +Does anyone here have experience as to how this works exactly? Basically folks will put their house (2 mil or so) up as security for a house I'm looking at buying. We have a deposit but will it be required? Any complications to be expected? Thank you +Looking for general advice from renters, owners alike on flood damage to personal goods. Location is NSW. + +My tenant of an apartment had personal belongings in a storage area in an underground car park area. The weekend rain caused the area to flood, damaging her stuff. She was not at the apartment when it happened so couldn't take action at the time. + +My property agent has reached out to strata but I'm unsure what can be done. Plan to follow up tomorrow. Never had this happen before. + +I have landlord insurance but I dont think it covers damage to the tenants personal contents. + +Keen to hear if anyone has had similar experiences, or general things to look into. Thanks in advance +So my story is that after a year of mostly sim and about 3 months live, I finally had a profitable month in June. Huge success, 5 green weeks in a row. Felt like I had turned a corner. + +And now I've had six red days in a row and am close to going back to sim until August. I learn every day and make adjustments every day, but still slumping. I trade stocks, mostly high and mid floats. Stuff like NIO. + +Success feels so close, yet so out of reach. Any advice? +50 year old male. I have a retirement account set up through a national broker. Two weeks ago the balance sat at about $122,000 today it is at $112,000. Almost daily I get emails from the national broker saying to stay in. Is this good advice? Should I pull out some or most of it? What should I do with it? Money market, bonds, other? Thanks +I guess this is a poor person wondering type of question. Watching selling sunset on netflix and wondering if people buying 10M+ apartments are also just putting the 10-20% down or buying the place outright with cash? Surely banks arent lending out 8M pounds in a single mortgage 🤔. + +Is there an upper limit on how much a bank would loan out as a mortgage (even if you are really rich)? +Lets say that in year 1, I have $0 saved and plan to retire in year 30 with $1 million in year 1 dollars. To make sure I have the same buying power, I calculate how much to save by assuming a lower rate of return that already accounts for inflation. So in year 30, I should actually have more than $1 million year 30 dollars, but it will have the buying power of $1 million year one dollars. + + If I want to evaluate my progress toward FIRE at the beginning of year 16, how do I do that? Deflate my savings to year 1 dollars and see what fraction of my $1 million goal I have? + +Thanks! +With all of the innovation surrounding our STEM field and how advanced quantitative finance has gotten could we actually see another 5-10 years of this bull market? I mean unless WW3 happens, or Morgan Stanley collapses whats fucking stopping us?? I know this post is super ignorant, but I want other people's opinions on this. Are we really living in a bubble, or are we actually creating the future every day? +The ongoing rollout of AI-based tools is expected to allow Facebook to bring on more small businesses with local ad budgets. Such small businesses will have a growing number of options to source leads directly from Facebook (as well as Google). This means the gap between the number of Facebook's business profiles (currently \~140m) and actual advertisers (currently only \~7m) should begin to narrow dramatically. Analysts estimate the number of advertisers on Facebook will increase as much as 10 folds. Which would also mean Facebook should see a period of sustained ad revenue growth as a result of this significant TAM expansion. The Street also continues to underestimate the long-term monetization potential of billion-user products like Messenger and WhatsApp. Looking nearer term to earnings results next week, advertiser checks by analysts suggest no deceleration in the US and some recovery in the UK. +This is what made me get into crypto 5 years ago to begin with. I've experienced 3 big slaps in the face in my life not taking the chance when I easily could. + + +##1999 +21 years ago I was in a business school for programming. I was On my way to barnes and noble to pick up a C++ book when I heard on the radio Barnes and Noble stock flash crashing to a $1 from about $25-$30. + +I felt something wasn't right about that because the chain was still fairly new, and it was always packed. So many books and magazine sales. They where also building more. I was about to drop $3500. +My friend's father hooked me up with a broker to call. I called and found out I needed a bank account so I did a bunch of scrambling but when push came to shove I backed out. I convinced myself buying a new laptop,some nice clothes, and the new bass system I wanted for my car was money better spent instead of a risk. + + +I literally backed out at the last moment after a tedious process. + +Well one month later or so, it was back up to $20-$25. + +I missed out on $60-$75,000 + +#2006 +I think 🤔 + +Apple announces the iPhone and it was super popular. I knew it was gonna get bigger, and shares were still $1 lol I wanted to put about $2K down. Did the same thing again, got in touch with a Broker then backed out. + +That was over 100x gain. That was Lambo. + + + +Why did I back out? For temporary items when the ones I have are working just fine? + + +So when I met someone in 2016, I had that gut feeling again. And I didn't care if I lost it I just didn't want to miss another opportunity going against what I really feel + + +So I'm holding now and I've been in the green for a long time because I got in early. + +It wasnt luck. It was motivation to make something happen. I'm just a regular guy that didn't want to miss my chance so I took it. +Hi everyone, I'm currently a senior nearing the end of my college career, and apparently I didn't spend enough money because my dad saved a lot and I spent too little. I'm pretty frugal in general, and I'm wondering what I should do about this, or if there's any way to give it back to him? He literally just asked me to spend more and to look up what expenses are allowed, so also are there any clever ways you know of for using a 529? +I’ve noticed recently that some people have been asking about “what to do next” after saving an emergency fund, or have just cleared debt and wanting advice + +The flowchart and wiki are a good starting point for anyone’s financial planning journey, but I thought I would post a more in-depth explanation about emergency funds to help people assess their own needs + +Now this is my opinion and what I say will not apply to everyone but hopefully this will help some people think about their own situation and help them set up an appropriate emergency fund for themselves + +Little disclaimer: None of the following is advice, it is purely for information purposes only and to serve as a prompt to think about this topic + +**What is an emergency fund?** + +An emergency fund is what it says, a fund to access in case of an emergency. What an emergency means depends on the person. A common example is if you lost your job, this will help cover expenditure until you get a new one. + +**Why should I have an emergency fund?** + +This is to cover any emergency or sudden expenditure you might need to cover. No one can predict the future, so by its nature you wouldn’t know you would need this fund until the event happens, then if you do not have the money to cover this, you may need to make a less than ideal financial decision. + +Examples include: + +· You lose your job and it takes several months to find a new one + +· Your car suddenly needs work and your insurance company do not offer a courtesy car, so you can use the emergency fund to cover your transport needs if needed + +· A boiler might break in the winter and you need to replace it + +· You get stranded abroad and need cash now to pay a plane ticket back home + +However, all these scenarios will have different price tags, with some being noticeably more expensive than the others + +**How much should I save for an emergency fund?** + +The rule of thumb is typically 3 to 6 months of essential expenditure. However, this does not mean 3 to 6 months would be enough, or it could be too much + +You will need to review your own circumstances and assess a few factors. Here are some questions you can ask yourself to assess what would be an appropriate amount: + +· If you are currently employed, what is the economic climate like at the moment? With your current job, do you feel you have decent job security or are there some issues that you are aware of with the company + +· If you were to lose your job, how quickly (realistically) would it take for you to get a new job + +This is important as if you are in niche industry or self-employed, it may take longer to get a new job to match your previous salary to keep meeting your expenditure. This means you should save as an emergency fund as much as you believe you would need to cover the X number of months to get a new job. This will help to ensure you do not have to rely on borrowing money, or using other assets in order to cover your day to day living + +· Do you have any financial dependents? Are your partner/children/family members reliant on you to cover expenditure? + +· How much of your expenditure could you cut if you needed to reduce your income? For example, any credit agreements where you are paying monthly payments, any services that have fixed notices or early exit fees that might apply, you might not be able to cut so would need to keep up these payments + +Some people could be in a position to take a lower paying job to meet essential expenditure so would not necessarily need as a high emergency fund. Some may also have family or friends that could help them if they do get into a tight situation, which will all factor into how much cash you should designate for this fund + +Some people may argue that holding funds as cash means you are losing out on possible growth you could gain from investing it. Holding funds as cash also means the “purchasing power” of the funds may decrease over time due to the effects of inflation. + +However, I would argue that you should not view your emergency fund as an “investment” but as a foundation on which you build your financial security. You should not view your emergency fund as a means to “combat inflation” but to provide a financial safety net in the short term for unforeseen events. + +No one is going to get rich from the potential growth from a few months of expenditure, but you may have to pay more than you would need to in terms of fees, interest on loans or other costs by not having funds available when you need them + +**Where should I hold an emergency fund?** + +This depends on your risk appetite – but with an emergency fund you should hold the funds in a cash or cash-like investment so that there is no risk of losing value due to investment risk + +It is common to recommend an easy access account, such as a savings account in order to hold these funds. The wiki also suggests holding the funds in NS&I premium bonds as an alternative account. + +However, I feel this should come with an important warning – you cannot access the funds in Premium bonds instantly. What this means is, if you were to hold your entire emergency fund as Premium bonds, you run the risk that in a very time dependent emergency, you would not be able to access these funds to cover the costs + +Several websites report that NS&I have said it can take up to eight working days for money to be transferred to your bank account. If you search online, you will also find stories of this taking longer due to administration issues, and less people working in the office etc + +This is important, as if you have a genuine “I need to pay this now” emergency and if you cannot access your funds held in Premium bonds, then this is not going to serve your needs as an emergency fund. + +The counter argument is, if you are holding funds in an instant access account to ensure you have flexibility of access for these funds, you will have low or potentially no interest rates so you will be losing out in potential “prizes” your funds could win if they are held in premium bonds. + +A compromise would be to have an emergency fund across more than one account. So, for example, say you have decided 6 months of expenditure would be an appropriate buffer, but you do not want to hold the full 6 months as cash. Instead, you could hold 2 months as cash, so that if any immediate need had to be covered you have the funds immediately available, and the remaining 4 months held in Premium bonds. + +This way, if an emergency arises, you could meet the need immediately and then submit a withdrawal from your premium bonds in order to top up your cash account. This means you shouldn’t be adversely affected if there was a delay to receiving the premium bonds funds since you have enough funds to cover yourself until your Premium bonds withdrawal arrives in your account. + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +I hope this post is helpful for people and please feel free to add any additional points or considerations in the comments. + +*Edit:* + +A couple of people have commented about using credit cards for small scale emergencies and then paying off the bill once you receive the funds from a “not instant access” account which holds their emergency fund/savings + +So to clarify a bit, I did not include the use of credit as an “emergency fund” in the original post since in my opinion, this option is not as equally or easily accessible for everyone + +If you have access to credit, for example as a credit card or arranged overdraft, you can use these products as a tool for financial planning for small scale emergencies and there are benefits to using credit cards (there are numerous articles online regarding this and a comment thread below with examples) but this post is not about credit, the post is trying to show the reasons why someone starting out could need an emergency fund and factors to consider + +The above post is not meant to be a “you have to arrange your emergency fund in this way” post, it is purely meant to help beginners (hence the title) try and arrange for themselves what would be an appropriate emergency fund for themselves and how to arrange this fund to meet their needs as there are posts from people asking about this topic + +If you already have an emergency fund that meets your needs, and you are able to use credit in order to cover small scale emergencies, then keep doing what you are doing as it meets your unique circumstances + +However, not everyone can or does have access to credit easily and if someone does not have an emergency fund to fall back on, or if for whatever reason delays occur during a withdrawal, this could see someone having additional costs which could have been avoided or reduced in severity if they had an emergency fund in an quickly accessible account + +If you decide that a week or a month notice is sufficient for you to meet an emergency, then use these types of account, but you should be aware of the potential risk of delays could arise if you choose to use a notice account + +I would like to also point out that none of the above is advice but just information as I said at the beginning of the post, I am not advising anyone to not invest into Premium bonds, just highlighting some points about this product so people are aware + +From my own anecdotal evidence from talking with friends, I know some people put “all their savings” into premium bonds leaving themselves no cash buffer at all in case something goes wrong, which again people can do (it is your money, you can do what you wish with it) but I wanted to help people realise some risks with this approach and a possible compromise (not to say the example is the only correct way to arrange an emergency fund, there are several different ways someone can arrange their funds and it is up the individual to decide what is appropriate for themselves) +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. +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 +I work for a small company with only 4 employees. We are all salaried, full time, and work on commissions. Today, my co-manager let it slip that everyone got holiday bonus checks in their holiday card... except for me. He backtracked a little but seemed fairly shocked that I didn't receive one and chalked it up to my role being more admin where as his and the other two employees are more sales floor. Our small company has very little formal rules so I can't imagine that working there for a month shy of one year would exempt me from a bonus. I have also hit and exceeded all of my sales goals so I am confused as to why I wouldn't get one. + +Should I bring this up to my boss during our Monday 1:1 meeting? If so, how do I broach the subject? + +EDIT: Thank you all so much for this valuable feedback. I am going to bring it up on Monday. My bosses are very conflict-adverse with terrible communication methods so I am not surprised they didn't bring it up to begin with. I did state that I am *mostly* admin but my role is sales based so if it was based on a sales team – I should be included. I am already one foot out the door and perhaps they sense that. I will post an update if it's necessary. Thanks again! + + +I invested 1 bnb into both SafeMoon and SafeGalaxy on April 1st. The difference in the number of tokens you get is pretty insane. + +SafeMoon 869,901,966 + +SafeGalaxy 39,176,647,858 + +Here is the breakdown on the redistribution numbers over the last 3 days. + +SafeMoon + +total redistribtion percentage increase + +872,140,419 2,238,453 0.26% + +874,470,499 2,330,080 0.27% + +876,925,292 2,454,793 0.28% + +SafeGalaxy + +39,335,529,653 158,881,795 0.40% + +39,508,496,602 172,966,949 0.44% + +39,751,677,697 243,181,095 0.61% + +total + +SafeMoon 7,023,326 0.80% + +SafeGalaxy 575,029,839 1.45% + +In less than a week, you're going to have more tokens from redistribution in SafeGalaxy than the entire SafeMoon investment. + +As of this post, SafeMoon investment is worth $1,136 and SafeGalaxy is worth $790 + +SafeGalaxy is about 60x away from SafeMoon's current price. Can SafeMoon 12x and be a top 10 coin? + +SafeGalaxy 12x from here is 0.000000228 (that is still such an incredibly low price)It's not even on Coin Market Cap yet. + +\&#x200B; + +If you're in SafeMoon already, ride it out. However, if you're not in either yet, it does not make sense to invest in SafeMoon. You're going to see much more gains in SafeGalaxy. Once SafeGalaxy gets on Coin Market Cap, and an exchange, the answer may not matter as you would have already missed out on major gains from both. + +These tokenomics reward the early investors so much more than any other project. Compound interest, look it up, it's already going to get you more tokens in SafeGalaxy than the entire original investment in SafeMoon. +I think the zen Apes are on to something. Quiety living life, buying as much as they can do within their means, having patience. + +If you get good at budgeting now, you'll win in two ways. First, you'll be able to buy more GME in the short term. Second, as GME increases in value, you won't waste your money as easily on stupid stuff. + +I know some Apes just want to waste all their moass $ on hookers amd blow, but for the other 70% of us, this is a place to ask questions about budgeting and begin to take steps to get your current financial house in order. + +I'll start by quickly outlining a couple common approaches to budgeting. + +First is the micromanage strategy. Free tools like Aspire Budgeting which run off a google sheet is like this. You track all expenses, and all cash inflows. You create a monthly budget for nearly every category of spending, and track your money in detail. This is kind of like the Dave Ramsey envelope strategy. + +Second is the automated strategy. Download an app like Mint, connect it to your accounts, and let it do the work for you. It can try to auto categorize transactions for you, this is a pretty easy way to get some financial insights and budgeting done with not as much work. + +The third is just a overview type budget. In this category you don't track or worry about the common expenses that are necessary. Insurance, pa payments, electric, etc. You only track spending in 2 or 3 big categories to hp stay on track. So maybe going out to eat / alcohol. Or entertainment. By keeping a close eye on the biggest 2 or 3 discretionary categories, you save more $. + +Ask away, and other people please elaborate on anything else! + +---EDIT--- I meant this post as a way to encourage health spending/savings habits now, BEFORE MOASS. Please, work on getting your financial house in order NOW, this month, before GME price increases. It takes time to acclimate yourself to reviewing your accounts and tracking expenses; regardless of how much $ you have. +Let’s assume I randomly generate private keys and just happen to get the same key as some 1000 BTC whale and getting access to them (I know the odds). Then I transfer them to another address, and go to any exchange to cash out. What would happen? Would I get arrested for theft? Would the officials assume this is illegal money, as I cannot explain where I got them? What about taxes? + +Little mind game, what do you think? Of course it’s just hypothetical, as the chance of actually brute forcing such an address is like nonexistent + +Edit: Guys I know how statistically impossible it is, I even calculated it myself in the comments (and compared it to billion monkeys each with a billion typewriters). I was just wondering if it would be legal to „steal“ the coins. I could also just steal the private key backup in the physical world, and then steal the coins. Same thing +TLDR: Tits jacked. See image below + +[The address in the lower right bubble is the owner of the GME NFT](https://preview.redd.it/xl2d2uxorb391.jpg?width=1266&format=pjpg&auto=webp&s=bfc6f2cd11e842b991f9476b513716be783959ae) + +0x10B16eEDe03cF73CbF44e4BFFFa3e6BFf36F1Fad is a wallet address I check on periodically, just to see if there are any new transaction breadcrumbs from which I can learn things. To refresh/clue folks in, this is the address where the original Gamestop NFT was minted. It also currently owns several ENS domains related to Gamestop/NFT/GME. + +See the original NFT transaction mint to this address below. *Note the Timestamp and Block Number.* + +&#x200B; + +[5\/25\/21 - Block 12501493](https://preview.redd.it/6l7vdrzasb391.png?width=1073&format=png&auto=webp&s=99a9b6c8c4245470249e3ad25058e6bdd17de9b9) + +Well, 12 days ago the address 0xa2Ef6C219Dc9286a2cA917eF4BcA43d0aEa1E244 sent the above address the ENS name "gamestopnftmarketplace.ens" + +[More images below following this thread](https://preview.redd.it/bwb5dv4ssb391.png?width=1015&format=png&auto=webp&s=160e543b93bc858d5fd7333f28a291e457795ef3) + +&#x200B; + +[View NFT for transaction above? Don't mind if I do](https://preview.redd.it/n9k7w1l2tb391.png?width=1391&format=png&auto=webp&s=1b84087282457c1b5166601c7a9f1b0c6f505292) + +&#x200B; + +[Nice ENS. Sick name ](https://preview.redd.it/p7hgocv3tb391.png?width=1390&format=png&auto=webp&s=25cc30c6ee7790bc677351db6e960ad237194446) + +So naturally, we should look into 0xa2Ef6C219Dc9286a2cA917eF4BcA43d0aEa1E244 a little bit more, right? + +Oh boy. 4 days ago, 0xa2Ef6C219Dc9286a2cA917eF4BcA43d0aEa1E244 sent 0x2989ef59893dC38F8530bf0eCFf1761b14ae3d85 something called a "MEW ETH Block" which is a type of NFT one is able to mint in order to commemorate an exact Block in the Ethereum Blockchain. ETH Blocks essentially allow people to mint and own NFTs based on "important events" in Ethereum history, where all events are connected to specific Blocks. + +[This is the transaction sending the ETH Block NFT](https://preview.redd.it/47ir71cetb391.png?width=1014&format=png&auto=webp&s=9463c9959552f9ac8aae182b4b755195ae79cc60) + +Do you notice which Block was commemorated with this NFT minting, friend? Why, it's our old pal Block 12501493 from 5/25/21! + +&#x200B; + +[Which member of the Gamestop NFT team do you belong to, fun new address with a special commemorative NFT?](https://preview.redd.it/ppfa0m5wtb391.png?width=1409&format=png&auto=webp&s=f4b21acd3c3b294b6cbc21e67477d15700ab101c) + +Etherscan isn't great for visualizing NFTs, but if we pop that baby over to OpenSea, we see the NFT of that historic block. + +[Someone at Gamestop is very proud of this moment in their history](https://preview.redd.it/8aahr8l1ub391.png?width=1561&format=png&auto=webp&s=0517e9d0964ae8e2d89a012fde0f669218410426) + +A little humblebrag now, if you check my post history, I called the Immutable connection months before everyone. I think this is gonna be big. +Hello, + +I am having trouble grasping the idea that the Roth IRA is so special. I know that the Roth IRA is taxed as you contribute money into and not taxed when you take the money out, but why wouldn't you just skip that step and just invest the money in stocks in a brokerage account and pay the \~15% capital gains tax instead of paying the \~24% income tax on the Roth IRA contributions? I know I am missing something. Is it because if you invest invest the money separately from a Roth IRA you are paying the income tax and the capital gains tax? Can someone please explain to me what I am not getting. Thank you. +I was holding this off for Mentor Monday, but it didn't get post so I created my own. + +It seems a large portion of people in fatFIRE have gained most of their wealth from a singular source (acquisition, exit, crypto, yolo, etc). My goal is to take some of my profits from said sources and invest them into mature / profitable private businesses to create stable cashflow. Currently, most of my deal-flow is from my network and the majority are early-stage startups which are not providing dividends/divestments. + + +What platforms / sources do you use to help find such deals? +***EDIT: This group has been insanely helpful and i am very impressed with the measure of upstanding responses here. It might be life changing for us and our little kids. + +We did it. Built up an LLC business over 7 years, poured blood, sweat and tears into it and hundreds of thousands into getting marketing email lists, long term clients and enough revenue to attract a buyer. +Now our CPA is telling us that we will have a taxable amount of 30ish percent on all proceeds received. After we pay the taxes, pay back what was borrowed from our savings to build the marketing campaigns and pay for email lists, pay back our silent initial investor, and pay the broker fee it’s going to be, well . . . it’s like why in the hell did we even do it? + +I would LOVE your help with any ideas: + +1) Is there a section for writing off the “loss” or “goodwill” deduction for the email lists that we are basically forfeiting as part of sale? +2) Part of sale was some of the goods. We left new owners with double the amount that was contracted as a show of good faith since they were buying toward the beginning of the pandemic. Shouldn’t i be able to deduct some of that? It’s basically a donation but they obviously aren’t a charity. +3) our business had a professional appraisal at 50% more than selling price. Can i deduct “lost revenue” as part of that portion of a sale? + +Anything else you guys can think of I’m all ears. +While it’s still going to do a lot for us, 30% tax wipes out WAY more than we ever considered. +Some people are saying the recent, albeit nominal, climb of venture capital (VC) funding in startups are signs of another bubble. It's climb mimics that of the dotcom boom/bubble of 2000. I do not think it's another bubble because I think there is a genuine need for startups in the economy of the future. To elaborate, I think the economy of the future is one of increasing decentralization. Across the world we are seeing increasing decentralization in terms of information [TOR network/mass internet access], law ["smart" contracts], production (from manufacturing to energy and food production) [3D printing, rise of decentralized energy production, more local food production solutions, etc.] and finance [Bitcoin]. I would love to dive into this further, but for the sake of brevity I digress. + +Look at [this graph](https://www.quandl.com/data/NVCA/VENTURE_3_09D-Venture-Capital-Investments-By-Stage-Number-of-Deals-Quarterly?utm_medium=graph&utm_source=quandl) for the past 25 years or so of venture capital funding deals in startups. (Click on the different stages above to see the additional data) [Another representation](http://tomtunguz.com/images/average_dollars_raised.png) (and probably clearer one) of this is the average amount of dollars raised by startup companies. As we see here, the similarities between now and the dotcom boom are more prevalent. + +Conversely, here's [an article](http://www.inc.com/magazine/201505/leigh-buchanan/the-vanishing-startups-in-decline.html) written in May 2015 by INC. Magazine that highlights the American and world entrepreneurship decline between the 90's to now. I found it fascinating, but to save you time of reading it, the overall premise is backed by sound data. (e.g. In 1996, young people launched 35 percent of startups. By 2014, it was 18 percent. / Or [this graph](http://images.inc.com/uploaded_files/inlineimage/startupschart-inline_30176.jpg) here) The problem lies in "the big guys soaking up the ocean" as they introduce higher barriers and challenges for entry. The other problem is funding. Read this excerpt: + +> In 2014, VC firms invested $48 billion in deals, the most since 2000. But professional investors have showered more love on mature companies than on infants. Research by Mattermark, which tracks startup data, shows that between 2005 and 2014 the size of seed investments made by VCs stayed flat. The size of C, D, and E rounds, by contrast, roughly doubled. The number of small seed rounds has recently dropped, according to PitchBook, with investments below $500,000 declining 61 percent between the first quarter of 2013 and the fourth quarter of 2014. Below the VC level, angels and seed funds have proliferated as startup costs have decreased. But even angels’ interest in fledglings is down. + +But since its trough of ~2009, we've seen almost a doubling of entrepreneurship from 4.8% to 9.7%. Our levels are now reaching that pre dotcom boom, but I think it's different now from the "blind goldrush" of the internet in 2000. I say, we're starting to realize the true importance of startups. They enable us to experiment and to take massive risks that the big companies cannot afford to. They conjure exponential technological growth. And most importantly, they give the people of the world hope and a way to finally chase their dreams. In a day where a dollar spent is more influential than a vote accounted, these startups may even incite a political and financial reform that is desperately needed. Practically, Startup and operational costs will decrease, thanks to cloud computing. More platforms like the iPhone will likely emerge. And 3-D printing and associated technologies will bring manufacturing within the reach of new businesses. + +I've recently became inspired to research startups and VC's after reading Peter Thiel's (a prominent silicon valley venture capitalist) new book made from notes from a seminar he gave at Stanford about startups. Zero to One: Notes on Startups, or How to Build the Future. It's now one of my favorites and I recommend it liberally. + +So, do you think we are seeing another bubble in VC/startups or is it a justified rise and a sign of a changing economy? + +Thanks for your time everyone +[https://github.com/lhwolff15/InsiderTrading](https://github.com/lhwolff15/InsiderTrading) + +Recently I’ve been focusing on how to tell if insiders in a company anticipate a potential upside or downside to their company. As the great Peter Lynch once said: “insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” I couldn’t find a data source that compiled all the buying and selling data for companies, so I made one. I created a Python script that picks up Insider Trading transactions for all publicly listed companies. I just completed it so I haven’t had time to test out the impact insider trades have on the stock price, but I thought you guys might think it was a cool source of data. Let me know what you think! + +&#x200B; + +UPDATE: Just wanted to share my resulting spreadsheet. Interpret the data as you will! + +[https://drive.google.com/file/d/1x2K-HKcFTEmgnEslvYEz2j3XZ9PHe2fj/view?usp=sharing](https://drive.google.com/file/d/1x2K-HKcFTEmgnEslvYEz2j3XZ9PHe2fj/view?usp=sharing) + +&#x200B; + +I wanted to include a link the page where the data is drawn from on the SEC site (the table on the bottom of the page). I just used Apple as an example. + +[https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0000320193](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0000320193) +>RBA governor Philip Lowe has veered off into fantasyland in evidence to a parliamentary inquiry this morning. +> +>**Asked by LNP MP Ted O’Brien if Australia’s households should pay down their debts - which are extremely high - or spend money to stimulate the covid-ravaged economy,** +> +>**Lowe said they should do both.** +> +>And that they could. +> +>“Well, I want them to do both,” Lowe said. +> +>“And I think they can do both.” +> +>He said that at the moment households were using government support to pay down their debts. +> +>But **“if our income growth is strong enough we can both spend and pay down our debt,” he said.** +> +>**Unfortunately for Lowe, he had just told the committee that there would be no real wages growth in the economy for the next several years.** +> +>Thanks in large part to our outrageously high house prices, Australia’s households are also some of the most indebted in the developed world, on average owing around twice as much as their yearly disposable income. +> +>The source for that figure? Lowe’s own RBA. + +[https://www.theguardian.com/australia-news/live/2020/aug/14/coronavirus-australia-latest-updates-nsw-community-transmission-curve-victoria-daniel-andrews-south-australia-borders-aged-care-live-news?page=with:block-5f35e61a8f08d485ec34a59c#block-5f35e61a8f08d485ec34a59c](https://www.theguardian.com/australia-news/live/2020/aug/14/coronavirus-australia-latest-updates-nsw-community-transmission-curve-victoria-daniel-andrews-south-australia-borders-aged-care-live-news?page=with:block-5f35e61a8f08d485ec34a59c#block-5f35e61a8f08d485ec34a59c) +Hi peeps, + +Posting this on behalf of a family member. Without knowing full details, he has basically helped his daughter and her husband with a business (guarantor- PPOR). The business has gone/is going under, and all creditors (banks) and supply chain businesses are chasing their money. + +I was told of this situation and the extent last night. I know what a stupid mistake agreeing to be guarantor with putting your house on the line is. +He's not doing well mentally, it's all hit him at once. + +Being 70, with probably no super left and probably no house, what are his options?? + +Declare bankruptcy? +What government support can he start applying for? + +Cheers, +From a concerned family member.. + +Edit.. only has a PPOR. +More than one in nine homes listed for sale during the past week was an ex-rental property – 3 per cent higher than the long-term average – in what could be an early sign that landlords are now jumping ship amid rising vacancies and falling rents, a new analysis showed. + + +A growing number of investors are offloading their rental properties as rental conditions worsen for landlords. Morgan Hancock + +The data compiled by Suburbtrends.com over the week ending May 3 showed unwanted rentals accounted for 11 per cent of the total 15,100 homes listed for sale. This compared with the long-term average of just 9 per cent. + +One in five homes listed for sale in the ACT was an ex-rental – the highest proportion in the country. + + + + +In NSW, 530 out of the 4197 homes listed for sale in the state were formerly held as investments. This accounted for 13 per cent of the total listings and 3 percentage points higher than the long-term average. + +Suburbtrends.com director Kent Lardner said while it was normal to see rental properties being sold as landlords cash out, the result was higher than expected. + +"When I calculated the level of ex-rentals hitting the market, I expected to see something high, but definitely not at this level," he said. + +"I think the rising vacancies and falling rental income are starting to weigh on investors. + +"What will be interesting now is how many landlords jump ship due to personal financial stress, especially once the stimulus measures end in a few months' time." + +In Queensland, 432 out of 3458 properties on the market were ex-rentals and accounted for 12 per cent of the total listings. + +Victoria recorded 347 ex-investment properties listed, or 10 per cent of the total stock. + +In Western Australia , 155 investment properties were listed for sale, 101 in South Australia and 95 in Tasmania. + +Houses accounted for the bulk of ex-rental properties being sold with almost nine in 10 (87 per cent) of the total stock. + +SQM Research managing director Louis Christopher said the recent moratorium on tenant eviction and rental deferral, combined with the worsening rental market, had made investing less attractive. + +Investors under pressure +"The rental market is in a lot of trouble with vacancies surging across the board and asking rents falling. It's a tough time to be a property investor at the moment," he said. + +During April, SQM Research data showed vacancy rates climbed by 2 per cent with the total number of vacant rentals now sitting at 88,668 across Australia. + +“This is one of the largest one-month rises ever recorded on our vacancy rates series," said Mr Christopher. + +"The question now begs is how long will we see such high rental vacancies? If it is sustained throughout the course of the year, then we can expect far deeper falls in rents which will be good news for tenants but a disaster for landlords. + +"There will also be economic consequences with further sharp falls in building approvals likely; thereby risking a major depression in our residential construction sector as well as the rather obvious risks for housing prices." + +Capio Property Group chief executive Mark Bainey said the growing number of investors exiting the market was also bad news for developers who were counting on investors to buy their product. + +"Developers who rely on investors are going to experience great difficulties selling their product in the foreseeable future," he said. + +"I think the investor-focused properties are really going to see a dramatic reduction in demand across the board, whether that's off the plan or existing homes. + +"Seeing vacancy rates rise irrespective of the suburb, it's going to be really difficult in the short to medium term to get investors back into the market." + +https://www.afr.com/property/residential/investors-jump-ship-as-renters-leave-20200511-p54rtg +You can read it on their new T+Cs about the segwit2x CSTs + +> 1.1“BT1” means a CST representing the Incumbent Bitcoin Blockchain; + +>1.2“BT2” means a CST representing Segwit2x consensus protocol; + +>1.3“B2X” means a Digital Token converted from BT2s at or after Contract Settlement, as set out in these T&Cs; + + +>1.8“Incumbent Blockchain” means the currently existing Bitcoin blockchain that is exclusively used based on the consensus protocol as set out from time to time in the repository https://github.com/bitcoin/bitcoin; + +>1.9“Segwit2x” means the anticipated Bitcoin blockchain that will be exclusively used based on the consensus protocol as set out from time to time in the repository https://github.com/btc1/bitcoin; + + +>3.Settlement—Generally & BT1s: At Contract Settlement, CSTs shall be converted on a 1:1 basis to Digital Tokens on their respective blockchains at Contract Settlement. In the case of BT1, the blockchain shall be defined by the consensus rules used on the Incumbent Blockchain, currently designated with the ticker symbol BTC. If no Incumbent Blockchain exists pursuant to these T+Cs, BT1 tokens shall be deemed to have a value equal to zero and shall be removed from the platform. All open orders for any BT1 trading pair will be canceled at Contract Settlement. + +>4.Settlement—BT2s: In the case of BT2, Segwit2x shall be deemed to exist only if a blockchain has diverged incompatibly from the Incumbent Blockchain. Any settlements of BT2 shall be to B2X. If no Segwit2x blockchain exists pursuant to these T+Cs, BT2 tokens shall be deemed to have a value equal to zero and shall be removed from the platform. All open orders for any BT2 trading pair will be converted into open orders for corresponding B2X trading pairs to ensure pricing continuity and minimize disruption for users trading BTC pairs on leverage prior to the Chain Split Event. + +link: https://www.bitfinex.com/legal/cst/segwit2x + +What we saw this week was a trick that has been pulled countless times. It was a shakedown. You all thought you were smarter than the market. And guess what? You weren't. + +The people that need bitcoin the most sold off their coins because the market took a slight (and brief) tumble. When they panic sold, their coins were scooped up by the biggest whales (extremely rich people). + +Please don't trade. I beg you. You will lose. Take advice from ANYONE who has been in this space for a long time. They will all tell you the same thing: buy bitcoin and forget about it for a few years or decades. That is how you win. +Looking at Mungers recent position, 20% of the portfolio is going to China's $BABA. This really brought to my attention Buffet's quote of "be fearful when others are **greedy**, and **greedy** when others are fearful.” I noticed this is occurring within your typical Chinese stocks. Many of these we talk about quite often in this sub.  + +Looking at companies like $BABA, $TME, $BIDU, $JD and $IQ, most of them have fallen anywhere from 15-48%. Recent news has mentioned that the hedge funds and banks are letting go of their Chinese holdings but I believe this is a great buying opportunity strictly due to the low prices and Munger's new position.  + +Most of them still have pretty high analyst PT's but their P/E's and P/S's stick out like a sour thumb. All of these companies are stuck below the 42 zone on the RSi and show massive growth for the EPS. Being able to pay off any debts and having Jack Ma, the idiot who spoke against a communist government finally out from CEO of BABA, may now let us see the only upside potential we've been waiting for. BTW, hearing Munger's opinion on Jack Ma's actions and him stepping down seriously makes me believe BABA is a gold mine with purchasing LEAPS. Much more of a safer bet with him out of the eqaution. + +I still have a great interest in these companies and want to hear some of your opinions on this. I did purchase today 600 shares of $IQ @ 18.54 to add a new stock into my portfolio with me already having LEAPS on BABA and a decent amount of money in JD @ 84 per share. Even though the hedge funds and banks are dumping their stakes, I believe it has the potential to make solid, big gains.  +I'll start with what's to come for 2022 and then move to Africa. A series of fortunate events leading to vision 2025. All info is widely available and verifiable. Sources and links given below. + +Ecosystem growth in 2022: + +1. [10+ DEXes](https://twitter.com/cardano_whale/status/1465907181086130179)**, built from ground up**, that will specifically use the advantage of the extended UTxO model. Note the emphasizes on "built from ground up" meaning that [they will be different from what you're used from the Dapps on the account-based model blockchains.](https://iohk.io/en/blog/posts/2021/11/16/architecting-dapps-on-the-eutxo-ledger/) Benchmarking shows that with the eUTXO model, [around 25 to 30 orders can be easily handled within one single transaction.](https://twitter.com/InputOutputHK/status/1475523126343741448) +2. **Borrow and lending protocols + robust DeFI ecosystem dropping in Q1/Q2 '22** after auditing and testing on testnet. Remember that it took Ethereum 2.5 years to have cryptokitties and Solana over more than a year to have some decent DApps. Cardano entered the smart contract era on 9 September 2021 so Q1/Q2 is pretty damn fast and it's gonna give a shockwave to the entire ecosystem not to mention **biggest ADA supply crunch once DExes are running at full speed**. As the DeFi ecosystem starts to take off, an alliance was announced to help speed it on its way through standardisation and best practice -> [Cardano DeFi Alliance](https://cardanodefialliance.org/). +3. [DJED](https://iohk.io/en/blog/posts/2021/08/18/djed-implementing-algorithmic-stablecoins-for-proven-price-stability/): **a crypto-backed algorithmic stablecoin contract that acts as an autonomous bank**. I can't stress the importance of this enough. **Djed is the** ***first*** **coin to use formal verification to eliminate price volatility.** The first implementation of a Djed stablecoin contract was [SigmaUSD](https://sigmausd.io/#/) on Ergo. +4. [**Hydra**](https://iohk.io/en/blog/posts/2021/09/17/hydra-cardano-s-solution-for-ultimate-scalability/) **is Cardano's solution to ultimate layer 2 scalability** that aims to maximize throughput, minimize latency, incurring low to no costs, and greatly reducing storage requirements. Hydra introduces the concept of [isomorphic state channels](https://eprint.iacr.org/2020/299.pdf): that is, to reuse **the same ledger representation to yield uniform, off-chain ledger siblings, which we call Heads** (hence the Hydra name, which references the [mythological, multi-headed creature](https://en.wikipedia.org/wiki/Lernaean_Hydra)). Specifically for Cardano, this means that native assets, non-fungible tokens (NFTs), and Plutus scripting are available inside *each* Hydra Head. **Many of the transactions currently handled by the main-chain or application running on the main chain can benefit directly from Hydra, because it understands just the same transaction formats and signatures.** In a layer 2 system like Hydra, it is possible to achieve **confirmation times of** ***less than one second***. Throughput measured in TPS per Hydra head is mostly limited by the available hardware. In principle, **by adding increasing numbers of Hydra heads to the system, arbitrarily high throughput can be achieved by the system as a whole**. ( e.g. each stake pool on Cardano could achieve about 1000 TPS there are over 3000+ stake pools on Cardano right now so when implemented you could in theory achieve 3M+ TPS = 1000 TPS/stake pool \* 3000+ stake pools) +5. [Babel fees](https://iohk.io/en/blog/posts/2021/02/25/babel-fees/) = **being able to pay transaction fees in custom currencies! Potential to bring all ERC-20 tokens to Cardano** for obvious reasons ([see converter in action here](https://iohk.io/en/blog/posts/2021/12/07/the-agix-erc20-converter-testnet-is-now-live/))... First, let us recall how **native assets** work in Cardano: Tokens can be created according to a minting policy and they **are treated natively in the ledger along with ada**. **Cardano's ledger adopts the Extended UTXO (EUTXO) model**, and issuing a valid transaction requires consuming one or more UTXOs. A **UTXO in Cardano may carry not just ada but in fact a token bundle that can contain multiple different tokens, both fungible and non-fungible**. In this way **it is possible to write transactions that transfer multiple different tokens with a single UTXO.** **Transaction fees in the ledger are denominated in ada according to a function fixed as a ledger parameter**. A powerful feature of Cardano's EUTXO model is that the **fees** required for a valid transaction **can be predicted precisely prior to posting it. This is a unique feature that is not enjoyed by other ledger arrangements (such as the account-based model used in Ethereum)**. Indeed, in this latter case the fees needed for a transaction may change during the time it takes for the transaction to settle, since other transactions may affect the ledger's state in between and influence the required cost for processing the transaction." +6. [**NFTs are booming**](https://opencnft.io/marketplace) and yet you only hear about ETH/SOL NFT stuff. **106M ADA traded over 9 NFT marketplaces in just 6 months!!** I expect 2022 to be a game changer when it comes to **GamiFi, DeFi and RealFi which will lead (did I mention this already :)?) to the the biggest supply crunch of ADA** since Cardano's inception. **This means that anyone can mint their own tokens, including non-fungible tokens (NFTs) without needing a smart contract.** +7. The first stage of the **Voltaire** era aka **Project Catalyst:** which is the **biggest decentralized fund (any chain)** right now! It has over **700 million ADA and it's used to fund all kind of projects** including some of the DEXes, NFT marketplaces, and other lending protocols mentioned above. **That's approx. 1 billion $** in our war chest to fund the devs on Cardano and create their DApps and other products. It's been successfully active for almost a year now. +8. [**Mithril**](https://iohk.io/en/blog/posts/2021/10/29/mithril-a-stronger-and-lighter-blockchain-for-better-efficiency/) boosts the efficiency of *full node clients* or applications. It ensures **fast and secure synchronization of the full node data, significantly improving time and required resources including computation, network exchange, and local storage while keeping high-level security guarantees.** Mithril is also applicable to *light clients and mobile applications*, ensuring a trustless approach. **Another significant advantage is using Mithril signatures for running** ***sidechains***\*\*. The main blockchain can connect to **different sidechains that can even have different consensus protocols**. Mithril has benefits in lightweight blockchain state verification, and thus, certificates can validate the current state of the specific blockchain as well as the correctness of forward and backward transfers in a secure way. Finally, stake-based voting applications and governance solutions can use Mithril regardless of the voting protocol’s complexity. Mithril signatures can be utilized for secure and lightweight tally verification. This is also useful in governance when stakeholders go through a decentralized decision-making process and provide the final result in an easy and verifiable way. +9. So, **sidechains and different consensus protocols you say**? Yessir, that's called **Basho** phase on Cardano. There's another cool thing from dcSpark called [Milkomeda](https://dcspark.gitbook.io/milkomeda/): **Milkomeda will launch in both of these ecosystems (Solana & Cardano) and deploy EVM-based sidechains for each. This will aid them in acquiring existing Solidity developers out there who are interested in building dApps for whole new user bases.** With a first mover advantage for sidechains on both chains, expect to ride the initial wave of excitement and build a protocol that makes a difference and lasts. + +**Now AFRICA!** + +[Try to watch this short video](https://np.reddit.com/r/cardano/comments/rekl92/africa_and_the_world_has_crypto_the_answer/) to understand why they are the key and why Cardano team has been over there for almost 5 years now. + +[2022 is the year to put all the pieces together to get an end-to-end microfinance transaction on Cardano](https://www.coindesk.com/tech/2021/12/27/cardano-founder-charles-hoskinson-lays-out-2022-plans/) + +Putting it all together: the "mastermind's" tweets (John 'o Connor) announcing African deals. + +1. [Yearly remittance in sub-saharan Africa is a $48bn market, and 50% of that goes to a single country.... Nigeria. With stable coins (see 3) ) and hydra (see 4)) is looking to disrupt this. Nigeria is one of our 5 focus countries for this year.](https://twitter.com/jjtoconnor/status/1399290043802521600) +2. [Grow Africa, Grow Cardano (need funds to teach the devs, no problem, see 6))](https://twitter.com/jjtoconnor/status/1425726574951862275) \+ [this](https://iohk.io/en/blog/posts/2021/11/05/empowering-a-new-generation-of-innovators-in-ghana/) +3. [Connect the unconnected, bank the unbanked.](https://iohk.io/en/blog/posts/2021/08/11/connecting-the-unconnected-banking-the-unbanked/) "[Africa is home to >50% of the world's mobile financial services users" WEF 2019](https://twitter.com/jjtoconnor/status/1397839077186080773) " -> make deal with world mobile team +4. Ethiopian deal done, Zanizbar and Tanzania telcom deals (see above), [5 countries in 2021 and TWENTY (yep that's right) more cometh in 2022 + 100M loanbook](https://twitter.com/jjtoconnor/status/1387919060197855234) +5. The global buzz around Cardano: announcement of an education program with [3,500 schools and five million pupils](https://iohk.io/en/blog/posts/2021/04/27/blockchain-finally-comes-of-age-with-worlds-biggest-blockchain-deployment/). +6. [Source](https://iohk.io/en/blog/posts/2021/10/26/africa-is-where-the-tough-get-going/): Why Africa? + +If the whole world is globalizing and changing, you want to be where all the systems are going to change first, because if you get it right, **more wealth will be created here over the next three decades than in Europe, the United States and China combined.** That’s just how it is. It’s why the US got on top in the 20th century. It just simply had a better system than the competitors. And everything resets when you have technological change. **We now live in a global economy. People from Africa are going to be on equal footing with people in Europe and America if we do things the right way. And then it’s a meritocratic race, and I’m going to bet on the people who are tougher, more resilient and more entrepreneurial 10 out of 10 times. They’re going to win – it’s just that simple.**  + +So IOG has a pan-African view as a company. We started in a pretty difficult country to do business in, Ethiopia, and you know what? **Everywhere we looked, we saw well-educated, well-intentioned people who really did want change. And they worked with us. Sometimes the system worked against us; sometimes it worked with us. But everybody remembered why they were there. And it was the privilege of my career to announce a deal of five million people that could grow to 20 million, that could grow to a national ID system of 110 million in just a few years, and that could grow into a voting system, a payment settlement system.** It can grow to anything. It’s kind of like the stem cell: once you’re in, you’re in, and you can keep navigating and growing. And then how do we take that to Kenya, to Nigeria? That’s 400 million people – more than the population of the entire United States – within grasp in five to 10 years. + +**What’s most extraordinary is that this will transform the lives of people. Now, boring work has to be done, dry presentations given about credential this and verification that. And they’re very necessary. But at the core of all of that are people.** + +6) [Crypto + identity solutions for Africa = RealFi:](https://iohk.io/en/blog/posts/2021/11/25/welcome-to-the-age-of-realfi/) By **integrating digital identity with Cardano, we can create real value and opportunity for people across the globe.** + +Among nations with developed economic systems, **DeFi has highlighted the potential for blockchain to disrupt financial ‘legacy’ systems and open up access to new users hunting for better yields and moving liquidity** around. It has established an entirely new financial paradigm and the **$100bn DeFi market is expected to grow significantly over the next few years as models continue to evolve.** + +However, as much as the age of DeFi is creating fresh markets and driving compelling new use cases, **it has also further highlighted the economic divide between people who can easily access financial products, and those who cannot.** + +**The reason why banks refuse credit or loans in emerging markets is often that they don’t have enough data about the person or organization intending to borrow.** + +All the **necessary financial information can be stored and relayed in a verifiable manner through an** [**Atala PRISM ID**](https://atalaprism.io/app)**.** The monetary building bricks of DeFi can be used to structure these loans and hedge the currency risk, while scalable payment rails provided by Cardano and various layer 2 solutions will make it possible to transfer capital across the world without friction. + +[Atala Prism](https://www.atalaprism.io/) is a **decentralized identity system that enables people to own their personal data and interact with organizations seamlessly, privately, and securely. The Atala Prism team is integrating metadata to certify and store DIDs and DID documents on Cardano.** Also, it will be possible not only to create but also to revoke credentials such as university certificates. + +**Atala Trace and Atala Scan are being developed to enable brand owners to improve the visibility over supply chain processes and establish product provenance and auditability.** In these cases, metadata integration will be used to record tamper-proof supply-chain records. + +**Cardano adds the final piece of the financial puzzle by unlocking real economic value at the end of the transaction chain:** ***personal identity...*** + +**Identity is central to everything. Once someone has an economic identity, a world of opportunity and inclusivity opens up. Real opportunity comes with access to essential services that were hitherto out of reach. And real finance, such as loans to open a business or maintain an existing one. RealFi.** + +**Identity can become an asset in so far as it can be a substitute for collateral.** A lender's overriding concern is to ensure that loans (plus any interest accrued) are paid back. One way of enforcing this is by collateralizing the loan, but if the lender has enough and clear information about a borrower (if they know the borrower is a high-earner, or a long-standing customer), the lender might be more inclined to forgo the collateral. + +7) [connect the unconnected and bank the unbanked](https://iohk.io/en/blog/posts/2021/08/11/connecting-the-unconnected-banking-the-unbanked/) + +TL;DR: Cardano ecosystem to the moon in 2022! ;) + +EDIT: I tried to post this yesterday on this sub but it was removed cause other 2 Cardano posts were in top 50... + +EDIT 2: I'd like to see post like this with links+sources about other top 50 blockchains just to learn new things. I know that 2022 should be big for Ethereum in terms of their ETH2...So, consider this invitation to write something educational! ;) +Hey there, CnC here my question is pretty straight forward. + +How much is too much in your HSA? + +Demographics: M 36 married with 3 children current investments +1m. No debt no health issues for anyone. + +I started my HSA a few years ago my wife started hers last year. We have approaching 20k. + +The plan from the start was to max it out every year until retirement because it lowers our taxable income and after a certain dollar amount can be invested. + +The question is, is there a point that enough is enough since it is meant to be used for medical services but can't be used to pay premiums? + +I think at some point in age you can withdraw it for non-medical reasons and only pay income tax on it. But I'm not 100% sure on all the details there or potential for changes. + + +Are there any drawbacks to having an HSA account in the multiple hundred thousands? +Hi folks, +Have a house in the DC region and couldn’t escape the HOA trap. +I bought it for 415,000 three years ago and it’s up to 500,000 ( Zillow est ) now. +I rent it out while I live and work out of town. +The situation is great, my mortgage is being paid by tenants , but the HOA is needy AF. +Retired old men who loop the perimeter everyday and can’t wait to find something wrong. +I’ve put about 8,000 in three years into the outside of the house in fees expenses and material for so many little things. “We see some discolored wood by the roof, are you missing a shingle after the winter, your back fence is discolored where it touches the dirt “ +Often the HOA staff has mentioned they don’t actually know much about construction just that it looks better this way. +My tenants leave in 6 months, and I’m contemplating selling the house. +I’ll only make about 65,000 on it, but the cost, time and effort on the place continue and it’s stressful. +As this house is 1/3 of my portfolio, am I making a bad emotional decision? + +Thank you +Does anyone ‘of means’ even understand what a spiral of debt this is for people who can’t get lower interest rate cards? My mom, of the boomer generation, has told me her credit card interests are like 5%. I think these folks can’t fathom what an awful deal we’re getting. I’ve applied for better cards, at the highest my score ever was, in the 700s briefly, and still got the exact same rate. Feels like I will never get out of this hole, out of this debt spiral. Sorry for the downer before the holiday… but this just sucks :( + +Edit copied from comment below: + + +Am I in the right sub? Geez the amount of posts already coming in with the ‘if you can’t afford it, don’t buy it’ OR explaining ‘how credit cards work’ bullshit is incredible. FOR THE RECORD, I just had to buy new tires, an unexpected and large purchase (thanks inflation) of $1,200. This is not something I can pay off in one month, and used my credit card for, hence the accruing interest. + +I thought I was in the POVERTY finance sub where people could relate to this and come for support. Jesus…. + +I am commenting on the insane interest rate, and how it sucks. I’m not asking for advice, I’m asking for folks in the same boat who want to commiserate. Not folks with a credit score of 800 telling me I’m not financially responsible enough to use my credit card 🙄 +54m, 18m nw, vlcol, FatFIREd since '16, blah blah... I've been upgrading my appearance and wardrobe this summer, but realized I have utterly neglected what I wear for socks. Are there premium sock designs/brands that offer more comfort or performance? Don't mind spending more if the value is there. Usually wear a Nike ankle sock, but just sort of fell into them by default. What are people in the know wearing on their toes? +There was a thread earlier about how Stevie of Point72 is taking money out of his Cayman Island accounts, I believe it specifically stated that such posts seem to get removed / countered with month-old FUD. It was popular and up there, but it suddenly got deleted I think? I can't see it anywhere now. Anyone care to corroborate? + +edit: Since this is getting upvotes, I thought I'd mention that in the comments it's been concluded that the user deleted their own post, rather than it being removed by some higher authority (as the text on it reads [deleted] rather than [removed]) + +edit 2: [OP replied in the comments](https://www.reddit.com/r/Superstonk/comments/p1nja0/point72_stevie_getting_money_out_of_his_cayman/h8fvyvt/) with an explanation of why they deleted it, so that's that! Good night +If there is it makes two of us. I deleted my blockfolio app, I stopped entering coinmarketcap, I stopped worrying. I’m don’t care if we hit the zero. Not selling. I will hold this bag until I brake even at least. And I don’t care how long is gonna take. Maybe few months, maybe years, maybe decade. I was stupid enough to buy, and my punishment now is bagholding. I just wanna forget all this and take my profits when I hear again on cnn that bitcoin hit new ATH. Goodbye gentlemens, it was honor for me to play with you. +If you didn’t know, apple iCloud mail allows you to mask your email for anything, like an alias would…. And you can have multiple weird email aliases for different websites that all go to your original email. So on safari app when you do an auto fill for your information, it asks there is you want to “hide” your email. Helpful if you are trying to take advantage of anything using a “new email” user for perks. + +Please use wisely ;—) +AVGO just raised its dividend by 12%! I love this company, have owned forever, but nobody really ever talks about its dividend. Am I missing something? +Finally went into the market on my own. I didnt like using a roboadvisor. Realized id rather be in control. Been holding off for awhile. I know what im walking into. Better now then never. Holding onto more cash for now and lower amounts of DCAing going forward until i hear things are starting to go back up, whenever that may be. +AVGO just raised its dividend by 12%! I love this company, have owned forever, but nobody really ever talks about its dividend. Am I missing something? +Moons are r/CryptoCurrency's version of Community Points. [Community Points](https://reddit.com/community-points) are a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community. + +Moons are distributed every 4 weeks based on contributions people make to r/CryptoCurrency. For every distribution, Reddit publishes karma data as a default measure of contribution. The community can review the data and optionally propose an alternative distribution, if they wish. + +This distribution is based on karma earned from 2021-11-24 to 2021-12-21. [Here is the data.](https://reddit-meta-production.s3.amazonaws.com/distribution/publish/CryptoCurrency/round_21_proposed.csv) + +To propose an alternative distribution: + +* You can create a CSV with alternative contribution scores or propose changes to the algorithm used to calculate them from karma (as long as the changes can be implemented easily). +* The amount of Moons distributed to a user will be proportional to their contribution score. Contribution scores cannot be negative. +* Make a poll to have the community vote on your proposal. Include an accurate description of the changes you are proposing. +* In order to pass, the winning option in the poll must meet the decision threshold (minimum number of Moons in support). If it is in favor of the change, it becomes the official contribution measurement (unless there is evidence of abuse in the vote, such as bribery). Algorithm changes will carry forward to future distributions. +* In case of multiple competing polls passing, the one with the most Moons cast in favor will be the official one. +* If no alternative passes, the data provided here will become official. + +The contribution scores for this round will be finalized on 2021-12-29. Any poll proposing an alternative needs to be completed by then. + +After the scores are finalized, Reddit will sign the data and publish the final, official data. After that, people with a registered Vault will receive Moons directly into their Vault. Other users will receive their Moons when they create and register a Vault. +Currently I do 50 hours a week work with the rest of the time mostly occupied by exercise and eating. Weekends are nice but I'm often mentally exhausted. + +The life I want is reading whole books in a couple of days because I can't put them down. Travelling across Europe. Helping family. Trying new things like diving or skiing. When the hell am I supposed to build that into my life today? + +I only have so much mental capacity and time each week and that's taken up by, you know, the necessary evils. So what am I missing? Everyone seems to swear by it + +Edit: some commenters have set me straight. OP didn't mean live the life you want right now, they meant envision the life you want and the expenses that would require, then save for it. That might still require sacrifice during saving but is better than an arbitrary figure like 40k p.a. Which may leave you short. +Hello everybody! Yes, I’m still here. + +I wrote a post a couple weeks ago about T+35 FTD’s. [T+35 is the one true "cycle"](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/) + +I’ve been wanting to write a follow up post for a while, but I didn’t want to write it until I had more answers. That led me down a very deep and confusing path tracking ETFs, and to be honest, I probably won’t be able to get a full picture for a bit. So I'll go ahead and do a quick follow up post now. + +&#x200B; + +**Does T+35 still happen?** + +Yes. They’re not always easy to spot. 6/25 had 40,000 FTDs were most likely covered at 12:20 EST. 6/17 had a 90,000 volume candle which could have easily been the next three days worth of FTDs. Remember, there is nothing forcing them to wait until the last day. This is just what they HAVE been doing. After my post got some attention, I noticed a difference in the FTD behavior. Either they wait until the last possible minute, they cover in the first minute, they cover multiple days early, etc. + +&#x200B; + +**Why is it 35 days? (technically, before the 35th day)** + +The stock gets shorted and settles into an FTD in T+2. Normally, Rule 204 would require them to close the FTD within a day or two. But on the FTD day, they sell a put giving them the “deem to own” clause of Rule 204. When they are “deemed to own” a share, they are able to wait 35 days from the ***transaction date***. This is why the 34 days starts on the FTD date, not the date it was shorted like you may think. + +If you want proof of this, there is a certain stock that reminds me of a leprechaun. It had a HUGE FTD day in early june. Next thing you know, Put OI sky rocketed. Check other less popular meme stocks and you will probably see the same thing. + +&#x200B; + +**What about ETF FTDs?** + +In my post I stated that ETF FTDs behave the same way as GME FTDs. This is only partially true. They DO get delayed 35 days. They DO NOT get covered on the 34th day following the FTD. There are details within Rule 204 that make the timing slightly different. I’ve spent the last couple of weeks figuring out all the nitty gritty details… but woah… it’s a mess. I’d like to make a post sometime soon with my findings. + +&#x200B; + +**Why do FTDs not do much anymore?** + +It looks like they are shorting the ETFs when they have GME FTDs due and shorting GME when they have ETF FTDs due. You can see this by going 34 days from an ETF FTD. The ETF and other non meme stock in the ETF will rise from the cover but GME will stay flat. I plan on covering this more in my future ETF post. But damn, that spring is getting extremely coiled. + +&#x200B; + +[Heatmap of ETF FTDs \(not weighted by &#37;GME\). Each ETF is colored individually so they are on their own scale.](https://preview.redd.it/tzjywmtg4m871.png?width=2242&format=png&auto=webp&s=3d1b425ba9041c37465618d6181449f8d8ab3d19) + +The top third is the heavier ETFs. Look at those cycles. Fun stuff. + +&#x200B; + +**Why didn’t the new 002 rule do anything?** + +I tried leaving a few comments to explain this, but I'm sure a lot of people didn't see it. Remember they were ***already*** satisfying the requirements of the old monthly rules when the new rule came into effect. The deposit for the old monthly rule was already made. I don’t see any reason why they suddenly would be over budget from a daily check. The effects of 002 probably won’t be seen until the next GME run up. + +&#x200B; + +**Do the FTDs even matter?** + +GME FTDs, no... ETF FTDs, yes. The problems that were coming from the high numbers of GME FTDs have moved to the ETFs. Until the ETF FTDs hit a breaking point, GME will most likely stay flat and have an occasional spike like we saw on Wednesday. The way I see it, moving the problems to ETFs only delays everything at the cost of inflating the entire market. + +&#x200B; + +**When is the next big T+35 day?** + +Friday and Tuesday look decent. But history tells me it will be a spike and then settle again. They are putting in a lot of money to keep GME from taking off. + +&#x200B; + +**What does that mean for me?** + +Keep doing what you're doing. It’s building up. It’s coming, probably sooner than you think. Future posts will cover this. + +&#x200B; + +**Want to see something fun? GME is repeating itself.** + +The weeks after January are currently happening again at a higher floor. Why? I don’t know. It might have to do with quarterly options that have been open for a while. But I wouldn’t expect anything to happen for a week or two. ***\* not manipulated... I swear... hehe \**** + +&#x200B; + +https://preview.redd.it/cb1m05dm5m871.png?width=1097&format=png&auto=webp&s=5605fd333b0ac1d9b31c6ad16a290acd15d9202a + + + +**What about T+21?** + +I don’t know. I’m still not sure T+21 is a thing. I think there are other factors in play that ended up giving GME spikes 21 days apart. Possibly two T+35 cycles at the same time. I have reason to believe the spike in May and the two in June came from ETFs. These are the same reasons I don’t think there will be much longer to wait. A couple weeks… but more on that in another post. + +&#x200B; + +\--------------------------------------------------------------------------- + + + +Alright, that’s about all I wanted to cover as a follow up. Sorry it isn’t full of juicy content. I was waiting to post until I had real answers, but it’s taking longer than expected. The ETFs are the key to the puzzle and they’re hitting a boiling point. + + + +**TL;DR:** + +* T+35 with GME FTDs still is a thing, but GME is being suppressed pretty hard right now. +* T+35 with ETF FTDs works, but it’s not 35. It's 35 days from the puts being sold. I’ll have a new post in the future with more details. +* The driving forces behind GME have moved into the ETFs. +* HFs are switching back and forth between shorting GME directly and shorting the ETFs to keep GME consistently down. +* I’ll have a post about ETFs in the next 4-5 days. + +&#x200B; + + + +Also, I made a twitter account so I can post thoughts throughout the day without needing to write a full post. I don’t know how much I’ll use it. [https://twitter.com/dentisttft](https://twitter.com/dentisttft) + +I had to turn off most of my notifications. The best way to get a hold of me is by tagging me in a comment. It never notifies me of tags in posts… so make sure it’s a comment. I try to respond to all tags. + +&#x200B; + +Alright, pce\~\~\~ + +\- u/dentisttft +My grandma passed away last month and left me 40k worth of inheritance (TIL inheritance under 5million isn't taxed). I have student loans of about 35k with 6.758 interest. I will be going to medical school this coming year so loan payments would defer but interest would not. I should just pay it off and start med school with a clean slate right? Are there better options? + +Edit: Is there any chance I will get audited or contacted by the IRS for randomly having that much money? What's a safe guard? +It looks like things are heating up diplomatically. The current pseudo-embargos on some our most exported goods is worrying. What do you think will happen from here? Will China eventually capitulate and it will go back to business as usual? Will we have to accept that 1/3 of our exports are gone? How will the Australian economy change if we lose 1/3 of our exports for a significant period of time? +Your friendly reminder to take the time to get new quotes when it comes to insurance renewal. Instead of clicking 'renew' on the reminder email I went to the website and got a new quote for the **exact same insurance** \- **from the exact same insurer** and it was *$400* cheaper. What a joke. +So our power bill for two people (one works outside the house) was 300% more than this time last year. Slightly more consumption but not 300% more, about 20% according to the bill. Of course power is way more expensive now but this is insane, $500 roughly for two people that don't use heating, watch tv or play games. We cook and shower at home (electric water), have LED lights, and one computer on for half the day. There's nothing else to cut! We won't be able to do this again next month but the only alternative is to turn off the fridge. +Financial awareness, literacy, capability, whatever you’d like to call it. What’s the book you recommend when talking to your friends and family about money? +Just the most recent news headline out the many https://www.news.com.au/finance/business/banking/western-australian-mans-580k-live-savings-disappear-from-ubank-account/news-story/d4ba3f60cf0ebbdecdd1f2ed88188afd +I’m MidWest based (OH). Seeing hard money deals starting to fall apart. I’m wondering if this is just in my local market or if that’s more widespread. + +More interesting is if anyone has verified insight on the reasons. Certainly reduced margin loan, Pledged Asset Line and crypto back lending vehicles seem to be contributory factors but I’m trying to decide if I should pickup some of these scuttled contracts or wait till things get worse. + +For context, I’ve done this for over 2 decades and closed over 40 projects. +Apparently the parking lot of my 4plex building is being used as a place for people to park, hang out, play loud music and smoke weed for several hours. They also run a hose from an adjacent building over to my parking lot to wash their cars. + +I called the non-emergency police line and asked if is possible to have an officer inform people that they can't be there. + +I was told that I would have to physically meet the officer there, point out the people directly, and file a criminal trespass complaint. That's not something I am comfortable doing at this point. + +What is the best way to deter people from using my parking lot as their hang out spot? None of them are residents or friends of residents. +Good morning- I currently own a 3 family (owner occupied) that has about 500k in equity, 450k balance locked in 2% interest rate. I have a HELOC I used for renovations with a balance of 80k and the interest rate varies. I’m looking to get another property, what is the best way to do this? Pay down the HELOC and use that again? I don’t want to refinance as I’m locked in at a great mortgage rate. Any advice is greatly appreciated +Data has never been better on American housing. + +Record low rates +Record low inventory +Record prices +Record homeowner equity +Record rents +Record homebuyer credit score +Record positive debt to income ratio for buyers + +What are we missing if a “crash” is coming? + +Or is this really the healthiest market of all time and prices will continue roaring up for years? +Like the question says, there is no way they get rates like the average American does. So how do they do it? How can you get a better rate if you have multiple properties? I want to borrow against my properties, but I can't do it with the average rates out there as it makes no sense. Are there certain banks that cater to people with multiple properties? + +&#x200B; + +I have very good equity on all my properties, so I'm considering my options to borrow against my equity. +I understand from lurking on this sub that overpaying your mortgage with a yearly lump sum is better than overpaying on a monthly basis. What I am hoping someone can explain (in as simple terms as possible) is why lump sum overpayments save more interest than paying the same overall amount as monthly payments. + +Google hasn’t been very helpful on the topic. + +Thank you! +Good morning yall, oder schönen Guten Morgen meine lieben Affen! + +10 Minutes ago i Had a Phone Call with the european Support from Computershare. I told her i would Like to Register Shares and she asked wich, i told her that i bought Gamestop Stock From etoro (Germany) and she told me that only the USA Computershare can Register my Shares and handed me Out this e-mail: + +web.queries @ computershare.com + +She told me to get in Touch with them As they will Take Care of it, i eventually Just have to wait a Bit. + +This is the official Email For Euroapes to get in Touch with Computershare From CS itself. + +I will Update this Thread asap when i get new informations! + +keep updated! + +Edit 1: after 2 Days i Got No answer, lets wait a Bit more 👍 + +Edit 2: 3 Days later i got a reply From Computershare: + +  +"Dear Sir/Madam: + +  + +Thank you for contacting Computershare, the transfer agent for GAMESTOP CORP. We appreciate the opportunity to be of service to you.  + +  + +In order to transfer shares held in a brokerage account to a new or existing account at Computershare, you must contact your broker to request that they initiate the transfer through the Direct Registration System (DRS). + +  + +If you have an existing account with Computershare, we suggest that you provide your broker with a copy of your most recent statement so that they may process the electronic transfer of your shares. In order for your broker to transfer the shares into an existing account at Computershare, they will need the following information: + +  + +GAMESTOP CORP's CUSIP number, which is 36467W109 + +Your Computershare account number, which starts with a “C” and can be found on your statement + +The exact number of full shares you wish to transfer + +The exact account registration listed on your Computershare account + +The Tax Identification Number associated with the account. + +  + +If you do not have an existing account, one will be established upon our receipt of the shares from your brokerage firm. Once the account has been established, a statement containing your account details will be mailed to you. + +  + +If you are calling from outside of the United States, Canada or Puerto Rico, please call +1 (201) 680 6578. + +  + +Should you have other account related questions, please call us at (800) 522 6645 during regular business hours. Please note that any available representative can assist you. + +  + +Sincerely, + +  + +Computershare Investor Services + +  + +Our ref: GME /  + +  + +Attachment: None(1) + +  + +  + +Online Account Access: Most shareholders can manage their holdings online with free access to Computershare’s Investor Center website. Use this simple tool to quickly and easily update account information, sign up for electronic delivery of documents and more. + +Enroll FREE today at www.computershare.com/invest" +  + +  +Alphabet (GOOGL) reported Q4 earnings of $30.69 per share late Tuesday, up from $22.30 per share a year earlier. + +Analysts surveyed by Capital IQ estimated $27.28 per share. + +Revenue for the quarter was $75.3 billion, up 32% from the year-earlier period. + +Analysts surveyed by Capital IQ estimated $71.8 billion. + +The parent company of internet search giant Google announced a 20-for-1 stock split for its class A, B, and C shares, effective July 15 for shareholders of record July 1. The split is subject to shareholder approval of increases in the authorized number of shares. + +https://www.wsj.com/articles/google-alphabet-googl-q4-earnings-report-2021-11643655993?mod=mhp +I have told him several times that the marker would go up eventually but he wants it in a stable account. Is there a way to do that? What do people do with their money when they retire? + +He only has $75k because immigrated to the US from Sri Lanka in his 50s and then worked to build something for us. So he doesn't have a lot to save for himself + +Edit: /u/bakoduck suggested a reverse mortgage and I want to say thanks for that advice. + +**If you guys know any other ways for him to make extra income, please let me know** + +Edit2: thank you all for the amazing advice + +He has his money in bonds and as you can see it has gone **down by 6.22% year** to date + +https://imgur.com/a/78QmID3 + Bought at the top of 2021 as a newbie, literally worst time to buy a stock at. Down over 60%. + +Stocks just feel like a tool to destroy the people trying to climb out of the middle class. Many were saying "Buy stocks to avoid 5%/6% inflation!!" , meanwhile now I am down over 60%. Truly an extremely tough time to maintain sanity. For folks in similar position as me who is down over 60%, how are you coping with dealing with the fact that you bought at the worst time possible? + + +I know its impossible to time the market but imagine buying it at the worst time possible and experiencing the worst drop off we have in a decade. I have done my due diligence reading about my stocks, general knowledge of securities but I guess in the end buying stocks nowadays is akin to gambling. +As you know, apple has been the biggest company for quite a while now. It is very difficult for me to envision them losing this spot for like the next 20 years at the very least. + +What do you guys think it would take for Apple to drop out of the top 10 in the s&p500? +Seen this video go viral on TikTok from someone who gives financial advice. Can’t be just me who thinks this advice is terrible? [Video](https://vm.tiktok.com/ZMNsktF5h/) + +For those who can’t view the video - she is essentially telling people with ‘high interest debt’ to only pay the minimum balance and use their leftover money to start an emergency fund instead. If you have an emergency then you have the money for it! If you pay of your credit card then you’ll have to put the ‘emergency’ back onto the credit card and you’ve made no progress. + +She states high interest as “Over 7-8%” + +This just doesn’t seem right to me. Surely you’d pay off the credit card to reduce your interest payments each month- if you have an emergency then yes you put it on the credit card, but if you just don’t pay it off and use your savings then you’re still in the same position of ‘high debt no savings’ but at least you’ve reduced the interest in the months before. + +Open for discussion on this, everyone in the comments agrees with the woman’s video and I really don’t? + +Edit: Yes i’ve seen the flowchart - it does mention building up an emergency fund if less than 10% and then trying to refinance those debts. +She hasn’t mentioned any intention to refinance or reduce those interest rates, so in this case is not paying the best route? “Over 7-8%” could include 30-40% + interest credit cards and overdrafts +I am relatively new to Theta Strats and am looking for a way to purchase leaps and lower the liability if I’m wrong. + +So i have a question on a OTM PMCC. Say i buy an OTM 360DTE 440 SPY call. If i choose to turn around and sell options above that strike at say 450. I would be hedged against any potential price increase causing my short call to expire ITM. I could use this strategy to collect premium and lower the cost basis of said call. In theory if I’m selling 30 DTE calls there is a low probability that SPY would jump such a large percent in a month. If it approached my strike i would have ample time to let those options expire and pursue higher strikes with a lower delta. + +Am i missing anything as to why this would not be allowed by an SEC rule or my broker? Like the contracts are OTM or anything like that? +Enjoining this run for last 10+years. Expanded into 'wheel', CC, PMCC. But this market got me worried. 100s of billions in valuation into SPACs, crypto plays, historically high PEs. EV with $0 revenue? Here is 50 billions. Bankrupt retailer GME? Here is 20 billions. You do cypto mining? Here is another 20 billions. Can't tell a difference between WSB and wallstreet anymore. What am I getting wrong? + +Edit: how are you protecting your theta plays or use theta for portfolio protection? +Sup thetagang? + +I would like to hear some opinions on something I have been thinking of lately. + +Quick background: +- small trading account (<$1000) +- low expendable income (~$200-300/month after expenses) +- excess lifestyle items that still have value (project car, gaming PC, sound equipment, PC hardware, etc) + +I have been building a trading account for a while now, however it is taking a long time as you can imagine. It will be years until I hit a 5 figure account. Decades until 6 figures. Even with steady growth. + +So my question is: Would you sell the excess/hobby stuff you own to fund a trading account? I am thinking of this in the way of forgoing short term pleasure/comfort in exchange for a larger portfolio and all the benefits that come with it. + +If I liquidated all my stuff bar the bare essentials, I could inject my trading account with a relatively significant figure (estimate $15-20,000). This would expose me to a lot more strategies and positions and I could be at a 6 figure account in a few aggressive years. + +Opinions? All welcome. Maybe I am being silly. +I'm about two months into theta gang strategies, and have mostly been enjoying the results. I'm wondering, for anyone who has been doing this a while, what was the WORST thing to happen to your portfolio while trying to collect premium? When did it happen? What changes did you make afterwards? I've made mistakes with things like trying to time the market, penny stocks, other assorted newbie stuff, but before I screw something up here, anyone want to share their experience? + +\*edit to add\* Thanks for the responses! I was getting ready to respond to the first when others came in and I noticed a pattern emerging, featuring the word, "overleveraged." Definitely something I'll keep in mind whenever I have a series of wins and want to further extend. +Hi guys, + +I have been eyeing up Autodesk for a year since around $250 however haven’t entered due to the insane run. + +Now we find ourselves with Autodesk back down at $250? + +Their earnings report doesn’t seem too poor to me, however their outlooks for Q4 and onwards are drastically reduced. + +What do you guys think? +Hey guys + +I'm 31 years old and I only have about 2k super. I have lived a life of addiction and have made a lot of poor financial decisions. I have a job now and I have payed off most of my debt. Things are looking good for me. Where do I even begin with my super situation? I want to eventually buy a house and I need to build my super up to where it should be. Google says someone at my age should have about 60k super to retire comfortably. Any advise is appreciated. +It ALWAYS ends up in a nightmare of repairs. And Toyota, I bought a used Toyota for $7K. Once I hit 65K, the motor died and I was left in a tunnel in a major city. + +Lesson I learned, buy something with a warranty or don't buy. I'm so tired of these buy a beater posts. +in December 2020, we had around **250** million in volume and a high around **$17** + + + +January **1.3** billion volume and a high near **$480.** + +February **827** million in volume and a high of **$322** + +March **680** million in volume and a high of **$348** + +April **172** million in volume and a high of **$197** + +May. **136** million volume and a high of **$269** + +&#x200B; + +&#x200B; + +We are removing liquidity by owning the float and 💎 🙌 the hell out of it. + +We have destroyed the narrative of "Its going back to $20 fast" + +We have Voted and will soon have our new board + +&#x200B; + + gotta say.... I Like the stock! +An update on what whales are doing with their GME money + +https://preview.redd.it/lq5lau5h7sz61.png?width=1976&format=png&auto=webp&s=4411155f6db3025a7c9d2ff8b41777dba95e16f6 + +Almost all new money **Citadel** has invested in GME has been in new option positions. It looks like they sold off their long shares and BOUGHT THEM BACK. This may be in order to push the price down by flooding the market with more artificial supply. They widened their net short position, answering the question 'should you keep digging yourself into a grave' by stating, balls-out, 'let's see how deep I can go!' + +**Citigroup** has an interesting story to tell. So their old options expired, likely losing money on both sides of the bet. HOWEVER they COMPLETELY sold their call position. They seem to have rolled that loss into a long position, or short shares as well. + +**Credit Suisse** may be trying to push the price down. They have a net short option position, but a larger long position, which to me usually indicates they bought shares in order to flood the market and instigate a selloff. + +**Bank Of Montreal** sold their call position, or the calls expired, leaving their unexpired puts. HOWEVER, notice the change in the number of put shares. they recently bought a HUGE number of puts. + +**UBS** doubled their net short position VALUE, while increasing their number of put SHARES by *500%.* + +**Prelude Cap** *is INCREDIBLY bearish*, moved to an all-options position. + +**Melvin** completely eliminated their put position and have no current position in GME that is being reported. This may indicate simply that their put options expired and now they're on the FTD clock with all their short shares again, or it might just mean they sold at a massive loss. Either way, they're hurting. + +**Hap Trading** flipped to a BULLISH position, **Wolverine** bought more calls than puts this quarter to make for a more even C/P ratio. They also increased their long position. + +Aaaah, **Susquehanna.** How could I possibly forget you, you hubris-drunk fools. Anybody who spends time sifting through 13F filings is very familiar with this name. If anybody's been involved in shorting GME, it's these guys. Their name isn't mentioned a whole lot on here, but they're the biggest player next to Citadel to my mind. NOT ONLY do they have the LARGEST SHORT position on the list, but they paid MORE FOR THAT POSITION than any of the other prominent shorts on this list. It's worth noting, their long position has decreased immensely, indicating that like Citadel, they've put a huge amount of money into pushing the price down. + +One thing that's pretty universal here, everybody's INFLATING their options positions. So no matter what the opinion is from firm to firm, one thing is agreed upon. Something HUGE is about to happen. +While this sub actively wants that as many countries and people as possible would use Crypto as an actually currency so that it replaces the dollar in a more decentralized way. On the other side we all also want that Crypto just keeps doing 10x every year so that we make a lot of money. + +Don't know about you but having something as a world currency that occasionally does a 10x up and down, seems chaotic to say the least. + +And I personally think it's completly okay to see Crypto as a investment than a currency right now. But I would also say that at one point Crypto will be so big that it would be stabke on the price. Meaning we won't see any major dips but also not any 10x or so over a short period. This may be the only way of Crypto as a currency. + +Obviously we all want to make some money but the greater cause of Crypto wouod not fulfill that. And I'm ready that one day Crypto won't be as fun as today but more useful to everyone. +I thought I would share the script that I use to record a snapshot of my portfolios every night. If you already use Google Sheets to track your investments I figure it is a neat little tool to further automate tracking networth. Personally, I use ETFs for my passive investing and already use Google Sheets to monitor & re-balance my portfolio, I just wanted to automate tracking as much as I can. The script records the portfolio's value every night at a specific time. + +[Networth (BLANK) - Sheet Name - "Auto Data Script"](https://docs.google.com/spreadsheets/d/1qlrVizQ6aQ2GsCAO10mStaLneGeOpwKsFcLBPawMoNM/edit?usp=sharing) +> +> To use the script make a copy of the Spreadsheet for yourself (or just use the code I attached at the end in your own spreadsheet). Then click Tools->Script Editor and that should open a new tab. Click Edit-> Current Project Triggers which should open another tab. Here you will click "Add Trigger" and be presented with a few dropdown menus. +> +> Choose which function to run - "recordValue" +> Select Event Source - "Time-driven" +> Select type of time based trigger - "Day timer" +> Select time of day - "9 PM to 10 PM" or whenever you want as long as the market is closed. +> Make sure you save your trigger plus the script and return to your spreadsheet. +> +> Once you are back to your spreadsheet you will notice a new menu item named "Record value". You can test the script by clicking "Record value"->"Record now". It will ask for permissions to run the script in which you will have to authorize. +> +> The script will record the values C1 through L1 on the "Auto Data Script" sheet every night automatically. In my personal investment spreadsheet those values are auto populated with my rebalancing spreadsheets using "googlefinance" formulas. I included two examples of what I use, either to use yourself or to just to see how I use it. + +I also included a few other sheets of what I use the data for besides tracking networth. One sheet is used for tracking my investable networth on a monthly basis, along with a few metrics. The other is to calculate the time-weighted portfolio gains/losses so that you can compare your portfolio to a benchmark. + +The last 2 sheets are just examples of my spreadsheet to rebalance my portfolio whenever I add cash or if my allocations drift. The first one is a dual currency for us Canadians to use. + +I am not a coder and honestly just trying to get better at Excel, so some of the formulas might seem janky. I just included the other sheets as examples of what you could do with the data yourself. The script to auto record data is the main reason why I am sharing this and likely you could incorporate it into your own sheets. Like I said, I am not a coder or that great with Excel/Sheets but if you have any questions I will try to help. Please let me know if you find any mistakes. + +Below is the code if you just want that instead: + + // Menu for testing your script + function onOpen() { + var ui = SpreadsheetApp.getUi(); + ui.createMenu('Record value') + .addItem('Record now','recordValue') + .addToUi(); + } + + // Record history from a cell and append to next available row + function recordValue() { + var sheet = SpreadsheetApp.getActiveSpreadsheet().getSheetByName("Auto Data Script"); + var date = new Date(); + var Portfolio1 = sheet.getRange("C1").getValue(); + var Portfolio2 = sheet.getRange("D1").getValue(); + var Portfolio3 = sheet.getRange("E1").getValue(); + var Portfolio4 = sheet.getRange("F1").getValue(); + var Portfolio5 = sheet.getRange("G1").getValue(); + var Portfolio6 = sheet.getRange("H1").getValue(); + var Portfolio7 = sheet.getRange("I1").getValue(); + var Portfolio8 = sheet.getRange("J1").getValue(); + var Portfolio9 = sheet.getRange("K1").getValue(); + var Portfolio10 = sheet.getRange("L1").getValue(); + sheet.appendRow([date, "=DATE(Year(INDIRECT(ADDRESS(ROW(),COLUMN()-1))),Month(INDIRECT(ADDRESS(ROW(),COLUMN()-1))),DAY(INDIRECT(ADDRESS(ROW(),COLUMN()-1))))", Portfolio1, Portfolio2, Portfolio3, Portfolio4, Portfolio5, Portfolio6, Portfolio7, Portfolio8, Portfolio9, Portfolio10, "=SUM(INDIRECT(ADDRESS(row(),3)):INDIRECT(ADDRESS(row(),12)))"]); + } +I just graduated high school, I'm starting my second year of community college in two weeks (dual enrollment helped me complete credits in HS), and I've applied to many jobs, yet I've not received an offer yet. I have $1,100 in savings from a PT paid internship I worked earlier this summer and graduation money I received a few months ago. Other than that, I don't have much money, living at home with my parents and expected to leave next year. How do I get a job in such a fiercely competitive market? +Edit: I have a job now delivering Chinese food twice a week, starting in September. Guess I’ll hold off on applying until I work there for a month or more. +I just graduated last year. Got a full-time job and was able to get a nice apartment in the city I live in. However, once the pandemic worsened, I lost my job due to budget cuts and was stuck in my lease. I’ve got two part-time jobs since then to pay and haven’t asked my parents for a penny. However, my dad offered to keep paying my insurance and phone bill. I appreciated it. But it’s starting to become a burden. Every time I do something he doesn’t like he threatens to stop paying. I could afford it, but I would be living paycheck to paycheck. Obviously it wasn’t ideal to get stuck in this lease and I plan on getting something cheaper once my lease is up soon. How can I stop being controlled by them? Every single thing I do wrong they threaten me with money and threaten to completely cut me off, knowing that I can’t afford the things they’re threatening right now. I feel like I’m living at their beck and call. I’ve been applying to full-time jobs like crazy so I can be on my own but it’s been difficult even though I have a degree. I hate how my parents are so controlling over me even though I’m in my mid-20s. They threaten me and punish me like I’m a little kid. I don’t even do anything bad, I don’t drink I hardly ever go out, never done drugs. I spend my money very wisely, but most of it goes to rent right now. I wish I could just stop talking to them completely because they do nothing but threaten me. And then pull me back in by giving me money but it’s just to keep me on the hook. Was just going to see if anyone had any advice on how to break free of this cycle + + +I have a Mediterranean Wine and Tapas Restaurant. It is highly rated on TripAdvisor, Yelp, OpenTable, Google Reviews, etc. I have over 8,800 friends on Facebook. People love my place. + +For the eight years I have owned the restaurant, I have devoted my time, energy- both emotional and physical, as well as my financial resources to the restaurant. It has been my highest priority after my husband and children, one of whom is autistic. However, it has and continues to take a tremendous toll on my life. + +My marriage could not survive the daily demands of running this restaurant, which ultimately led to divorce. My health has been adversely affected as well. I was diagnosed with a late stage and rare lobular breast cancer in April 2016. I had a double mastectomy, chemotherapy, and radiation which lasted well over a year. + +My brother with no prior experience kindly offered to help with the management of the restaurant during this time. As generous as this offer was, he was not capable of running a restaurant. Recently I have relapsed and now urgently fear for the future. The premier specialist for this cancer is located in Boston, which means additional extended time away from the restaurant. Once again I will have to leave the restaurant unmanaged in order to receive treatment. + +The restaurant is down over 220k in the last two years. With the assistance of a local business broker, I attempted to sell the restaurant after my diagnosis for several years now but to no avail. The lease will expire in March 2019. + +I do not have the financial ability to continue to pay my bills. Simply put, I am drowning in restaurant, medical and personal debt. I am deeply depressed due to cancer and the inability to properly care for my children. I have gotten to the point where I cannot pay my mortgage. + +I have attempted to sell the restaurant. I have also tried to find a partner. I am now considering bankruptcy. + +Does anyone have any suggestions for my next course of action? +Not sure if too much info, but looking for some guidance - + +In contract currently for a house at $601,000. The 10% ($60,100) is in escrow currently. Recently, my current home has gone to contract for a sale price of $731,250. Gotta love this market! We will be netting \~$220,000 from the sale of the home, which will close either before or the morning of the closing on our new home purchase. + +Our rate for the new mortgage is 2.875. My wife and I are considering all options and trying to figure out what to do re: the remaining down payment on the new home. We want to use the some or all of the proceeds from the sale toward the down payment. Trying to figure out which way is the smartest, given the extremely low rates that are available now. We're talking 20%-30% total down payment (we considered 35%-40% too, but want to see some proceeds of the sale of our home go into our "pocket"). + +We were a ton less knowledgeable and didn't utilize resources such as forums like this, speaking with advisers, requesting advice from successful family members during our last home purchase process, so we are trying to explore all avenues. The difference is anywhere from $100-$350 a month. + +We are on the frugal side when it comes to spending money on non-necessities monthly, have a fully funded 6 mo emergency fund and \~$90,000 in our savings account, which we use for projects, paying property taxes, vacations, and bigger purchases. $200,000 in a 401k, $10,000 in a 529 for our 1 yo son. + +Putting down 20% and netting more from the sale of our home would bump our emergency fund up to 9 mo coverage, jack our savings up to $150,000, and allow us to invest \~$20,000 into a mutual fund through vanguard like VTSAX. + +Putting down 30% would allow us to do all of the above mentioned, except on a smaller scale. + +No major (planned) projects on the horizon in the new house for at least 2-3 years. + +Tried this in r/PersonalFinance, but might have gotten lost in the mix. Hoping for a more fruitful discussion here. +Hello all, + +I would really appreciate any advice on this topic. I am saving to buy a new home and should be able to do so in about 5 years. I currently save about $30-35k a year and have about $60k in savings. I also have already maxed out what I can contribute to retirement per year. My question is what should I do with this money before I have enough to buy a new home? Right now it it is just sitting in a couple low interest cds and a savings account. This does not feel like the best option for me however, I’m really at a loss for what other options exist. Again, I appreciate any and all advice. +My brother (58m) is financially dependent on our parents. He is a licensed professional, but can't get clients anymore. They pay his rent, his health insurance, clothing and pets. He is able to pay for his own food and some small items including his pot habit. He lives as if he is retired mostly playing video games and arguing on social media. He doesn't have many social connections. He has hygiene issues that make him difficult to live with. He has filed for bankruptcy multiple times and cannot rent in his name. His student loans are a large burden, but I don't know more then that. He is obese with health issues. If I let him in my house unsupervised he will raid my kitchen and make himself free to go through my belongings. I don't know what to do with him. + +Edit: Thank you for all the advice. I'm sorting it into a spreadsheet, to organize and discuss with my parents. +Not sure if this belongs on /r/personalfinance, and I apologize if it's long winded. TL;DR at the bottom. + +It seems like every employer has a different method when paying their employees. The way my company worked is we get paid twice a month, the 1st and the 15th. Not too unusual, but they had a funny method of paying us. If you add up 40 hours per week times 52 weeks for a year, you’ll end up with 2,080 hours. We got paid 24 times a year (twice a month), so our company paid us the same hours every paycheck (2,080 hours / 24 pay periods = 86.67 hours per paycheck), and the company will add/deduct in later paychecks for overtime or missed time. + +The problem is, the 86.67-hour paycheck is the basis for every single paycheck. 2016 was a leap year, so there must have been an extra day in there, right? I always assumed the company paid any extra days on the last pay check of the year. The pay was always different anyways. The taxes were calculated different, and we were able to sell back any unused vacation time, and that will show up on our last check. So the last paycheck was usually a bloated. + +A co-worker friend and I decided to do some digging. 2,080 hours comes out to 260 working days. It turns out that 2014, 2015, and 2016 each had 261 working days. My friend and I check all of our paystubs from the last 3 years (they’re all on the payroll website), and it turns out we got paid for 260 days for 2014, 2015, and 2016. We were short one day for the past 3 years, and it turns out 2012 and 2013 also had 261 working days (but we couldn’t confirm if we were paid for those extra days in those years because our paystubs only went so far back). + +I originally was going to take this information to the person who runs the payroll at my company. Even though she’s a nice lady, she is wishy-washy and can brush things aside. I wanted to make sure this was an issue that would be seen. My friend and I wanted to remain anonymous, so I posted our results to the anonymous company forum. These can be seen by the entire company, even the executives. + +Well it turns out this DID catch their attention right away. The payroll lady and her boss went into a bit of a freak-out mode. I don’t want to go into too much detail, but let’s just say that they found out that the anonymous forum is *really* anonymous. + +A week later, HR and Payroll had a meeting with all affected employees (about 35 hourly employees). The payroll lady explained this is how they have been doing payroll since she’s been at the company (almost 40 years), and never realized the mistake. They told us that they spoke with their lawyers about this issue, and it turns out they legally only have to pay back for any missing days within the past 2 years. They decided to own up to their mistake; they paid us for the past 5 years of missed time (one day for each year), and on top of that, they doubled the amount as an apology for this long overlooked mistake. + +Since I’ve been with the company long enough, I got the full 10 days of extra pay, some people only got 2-8 days. It was still nice of them to pay us back a lot more than they were legally obligated to. I do kind of wish I didn’t go anonymous, so I can take all the credit, but honestly the most I would have gotten out of it would be a free lunch and a pat on the back. + +TL;DR – Employer was shorting us about 1 day pay for the past 40+ years, spotted the error and company paid affected employees back 10 days worth of pay. +Does anyone here have any idea what the new IBM blockchain will mean for the crypto market as a whole? IBM has developed its own blockchain which is partly public, partly private, and large companies such as WalMart are already testing on it. There are no ICOs for this and you can't buy tokens for it. + +What will this mean for all the other cryptos? Do you think it is negative or positive in the short run and in the long run? + +I've posted this in another community as well, but did not get a response. Would love to hear your thoughts. +I, like many others, paid $10 (or some amount) to both of those bureaus to place a credit freeze due to the hack. I can't imagine that any financial fallout would befall either company since they were not responsible for the hack. + +Shouldn't both of these companies be posting massive revenues because of this? +For the first day in about 6 years, I don't owe any money to a financial institution! + +I'll try an burn through the details as fast as I can. + +In 2014, I was doing really well at work, had a nice relationship, renting a cool apartment near the city and had a sports car. Life was great. + +Then, certain things happened, which lead to the relationship breaking down, work dried up, and everything I "owned" I was paying off. + +The relationship breakdown and loss of work caused some stress, which lead to eating garbage and spending money on stupid shit. + +By the end of the year, I had four credit cards and a personal loan pushing $90,000 combined, with no way to pay for it, each ranging between 16% to 21% interest rates. + +Rock bottom came when I lost my rental apartment (wasn't evicted, lease just didn't get renewed). + +I had no money to get another place. + +I had to do the ultimate in adult failures, and move back in with my parents not because of choice. + +Upon learning about the stupid situation I found myself in, they stepped in. They loaned be $20,000 to knock out the biggest credit card, but I had to handle the other three and the personal loan by myself. They were just most concerned for my welfare, and could wait until the banks were beaten before I paid them back. + +I started with the smallest debt, and worked my way up, slowly chipping away at this valueless Everest I had created by my own stupidity. It's been a constant battle with the banks, who were only too happy to give me endless credit cards, but when I needed help, refused to help me refinance due to "serviceability" issues. Bullshit. I was servicing five loads of interest and fees - I never missed a payment or a due date - they just didn't want to miss out on that sweet sweet double dipping. + +Anyway. + +It's been about two and a half years back at home, and I'm happy to report, that I have made the last final chunk payment to the bank to clear the personal loan. All but one credit card has been closed. It has a very low credit limit, so I can't get into so much damage that I can't pay it off in two payslips. + +I still have yet to pay back my parents, but I'm going to talk to them this week about how to go about starting. + +I have been thinking about this day for many years, and it's finally here. + +##### Now what do I do? ##### +- Start saving to pay back the parents? +- Start saving for a house, and try to scrape together a deposit before the housing market regains too much (and pay my parents back out of some capital gains?) +- Dump everything into shares from now on to try to make up for lost time? + +### Also, should I keep the credit card open? But like hide it in a drawer? Or close it and remove all temptation? Is keeping it open and not used better for my credit than not having it at all? + +Thanks for your time! + +TL/DR: Idiot spent a lot of money with credit cards they couldn't pay back, hit rock bottom, moved back into his parents place, scrimped for a few years, just crawled out of the hole today. +Had our offer (included a s66W) accepted yesterday 5:30pm. Got the wheels in motion for everything -- called the mortgage broker, had the deposit ready to go, finances approved, paid an additional urgent processing fee to the conveyancer to complete all paper work asap. + +At 1pm today, contacted the agent to update that we were ready to sign at 3pm and send 66W. Agent said ok. At 1:30, agent contacts me saying the vendors already accepted a higher offer AND the contracts have been exchanged with the other buyer. Gazumped in 20hrs. Agent didn't tell us anything about other purchaser, failed to inform us or provide us any opportunity to submit another offer. See [this](https://www.fairtrading.nsw.gov.au/housing-and-property/buying-and-selling-property/buying-a-property/gazumping) explanation of gazumping if you don't know it. + +Could we have done anything different? Disappointed in the process, disappointed in the agent, wasted time and money on conveyancer, etc. This conduct should be unlawful imho. + +**Edit**: + +1. this was in **NSW**. +2. Property was meant to go to auction. Agent advised us the vendor is accepting offers prior to auction, and received 9 offers total (ours was highest, until the gazumpting...). +3. The purchaser who had 'gazumpted' us had already submitted an offer that was lower than ours (hence why our offer was accepted). +# Overview + +This megathread is to address the specifics and FAQs regarding the recent student debt relief announcement. This post will be updated as more information becomes available, but for the most recent official announcements you can visit [studentaid.gov](https://studentaid.gov/debt-relief-announcement/) for more details. There is also ongoing discussion in the r/StudentLoans [megathread](https://www.reddit.com/r/StudentLoans/comments/wwhr85/megathread_biden_forgiveness_announcement/), big thanks to them for staying on top of things as the news changes. + +**Please keep in mind that political discussions and soapboxing are still not allowed here. This thread is for questions from people with student loans and how these changes may affect their finances.** + +# Student Loan Repayment Pause Extended + +The CARES Act in 2020 suspended federally-held student loan payments and interest charges until September 30, 2020. This was extended through several executive orders in 2020-2022. Repayments were supposed to resume September 1, 2022. With this announcement the pause has been extended until January 1, 2023. + +# Student Loan Forgiveness + +Federally-held student loans through the Dept of Education (DoEd) are eligible for a forgiveness amount dependent on your income. **Student loans had to have been disbursed prior to July 1, 2022**, noted in [this NYT article](https://www.nytimes.com/2022/08/24/business/biden-student-loan-forgiveness.html). + +For single and MFS filers, the income limit is $125,000. For HoH and MFJ filers, the income limit is $250,000. This income limit is based on your [adjusted gross income](https://www.nytimes.com/2022/08/24/business/biden-student-loan-forgiveness.html) (AGI) which can be found on line 11 of your tax return (Form 1040). If you are below the AGI limit for either 2020 or 2021 you will be eligible. + +If you are under the income limits you are eligible for up to $10,000 in forgiveness. If you had a Pell Grant you are eligible for an additional $10,000 in forgiveness, for a total of $20,000. If you're not sure if you ever received a Pell Grant, you can check your account on studentaid.gov. Forgiveness is applied on an individual basis (parent and student are treated separately in relation to Parent Plus loans, if one has a Pell Grant the other does not get the benefit, though this is not 100% confirmed). + +Eligible loans are all loans held by the DoEd. This includes all direct loans such as direct Stafford loans, direct subsidized and unsubsidized loans, and Parent Plus loans. Privately held FFEL loans are currently not eligible, though it sounds like the DoEd is looking into options for getting these loans eligible for forgiveness and suggests that if you do no wish to consolidate then to await further info on this ([NYT](https://archive.ph/heoCM)). + +## Expected Timeline and How Forgiveness Will Apply to Your Loans + + If the DoEd has your income information from the last two years from FAFSA or IDR applications then forgiveness should be automatic. Otherwise, a simple application will be available through the DoEd website in early October. We will update this post with a link when it is available. Once you've applied, your application should be processed within 4-6 weeks. The DoEd recommends applying before Nov 15, 2022 to ensure your application is processed by Jan 1, 2022 when payments resume. [The DoEd](https://studentaid.gov/debt-relief-announcement/) will continue to process applications after this date though as they come in. + +This forgiveness will be directly applied to your debt balance, it will not be given to you via a check or deposit to your bank account. Nor will you receive a refund if you owe less than what you’re fully eligible for. + +After the forgiveness is applied, if you still have a balance it will be re-amortized which should result in a lower monthly payment. + +**Sept 5 Update**: The studentaid.gov [website FAQs](https://studentaid.gov/debt-relief-announcement/one-time-cancellation) have been updated with guidance on how forgiveness will be applied to a borrower with multiple types of loans and interest rates. In order of priority: + + - **Loan type priority**: + - Defaulted DoEd loans + - Defaulted DoEd FFEL loans + - Direct and DoEd FFEL loans + - DoEd Perkins loans + + - **Interest rate/program type priority:** + - Highest interest rate first + - If same rate, then applied to unsubsidized before subsidized + - If interest rate and subsidy are the same, then apply to most recent loans + - If interest rate, subsidy, and timing are all the same then apply it to loans with the lowest balances + +**Beware of scam texts, emails, and calls from people claiming you need to “act now” to get your student loans forgiven.** + +##FAQs + +* **I just finished paying off my student loans. Is there anything I can do to get some sort of forgiveness?** + + Any student loan payments made during the payment pause that started in March 2020 for loans held by the DoEd can be refunded, this was established with the CARES Act. The refunded amount is added back to your loan balance. [The DoEd application](https://studentaid.gov/debt-relief-announcement/) to provide income information for forgiveness will be open until Dec 31, 2023, so if your refund is delayed in processing you could wait to fill out the application. + + We're not sure how it will work for people that the DoEd already has income info for and applies the forgiveness prior to your refund finishing processing. + + You'll also need to keep in mind any tax implications of doing this if you're requesting a refund for an amount paid in 2021 that you took the student loan interest deduction for on your 2021 tax return. We're still looking for information on how this is handled. + +* **I refinanced my loans and they’re now held privately. Am I eligible for forgiveness?** + + No, private student loans are not eligible for this forgiveness. + +* **Will there be tax consequences for this forgiveness?** + + No, this forgiveness will not be taxable income for federal income tax. State income taxes may apply. + +* **Do I need to do anything to receive this forgiveness if I’m eligible?** + + If the DoEd has your income information from the last two years from FAFSA or IDR applications then it should be automatic. Otherwise, a simple application will be available through the DoEd website in early October. We will update this post with a link when it is available. Once you've applied your application should be processed within 4-6 weeks. The DoEd recommends applying before Nov 15, 2022 to ensure your application is processed by Jan 1, 2022 when payments resume. [The DoEd](https://studentaid.gov/debt-relief-announcement/) will continue to process applications after this date though as they come in. + +* **If my parents took out Parent Plus loans for me but I also have my own student loans, do we each qualify for $10,000 in forgiveness or only one of us?** + + Yes, both the Parent Plus loan and your own federal student loan are each eligible for $10,000 in forgiveness. The parent is a separate borrower from the child. Regardless of the number of children the parent has or if the child had Pell grants, only the parent's information is considered for their forgiveness amount. + +* **If I am still in school or was a tax dependent for 2020 and 2021, who's income is considered for determining eligibility, mine or my parent's?** + + [This NYT article](https://archive.ph/heoCM) suggests it's based on the definition of dependent from the DoEd, rather than tax dependent. Visit [this page from the DoEd](https://studentaid.gov/apply-for-aid/fafsa/filling-out/dependency) for guidance on determining if you're considered a dependent or not. We do not believe this info has been confirmed from an official source yet though. + +* **If I received only $5,000 in Pell Grants, do I still quality for the full additional $10,000 (for a total of $20,000) in forgiveness?** + + Yes It doesn’t matter how much in Pell Grants you had, you get the additional $10,000 in forgiveness if you received any amount of Pell Grant, and it can apply to any federal loans (undergraduate or graduate), regardless of when you received the Pell Grant. + +* **How will this forgiveness affect my credit score?** + + If it completely pays off your student loans and that account closes, you will likely see a small decrease in your credit score due to your average age of accounts decreasing. Over time this will rise to have a positive effect on your score. See the wiki page on [credit scores](https://www.reddit.com/r/personalfinance/wiki/fico) for more info. + +# Public Service Loan Forgiveness + +In October 2021, a PSLF waiver was announced by the DoEd with temporary changes to the PSLF program that are set to expire Oct 31, 2022. This waiver provided people with more eligible payments to reach the 120 payment requirement for 10 years such as including periods of forbearances like COVID or if you were in active military status. + +**The deadline to apply for PSLF with the waiver in effect is Oct 31, 2022. So if you are considering this then visit [this link](https://www.whitehouse.gov/publicserviceloanforgiveness/) for more info and to apply.** + +# Income-Driven Repayment + +The White House has proposed new rules for the IDR program. This is still just a proposal and has not yet been confirmed by the DoEd. + +* Currently repayments are based on 10% of income. This would be halved to 5%. **This only applies to undergraduate loans, not graduate loans.** + + * If you have both undergraduate and graduate loans, the IDR percent will be a weighted average of the balances. + +* Non-discretionary income is currently dependent on the current federal poverty line (FPL) for your state and family size multiplied by 1.5. This is being proposed to change to 225% of the federal poverty line. + +* The DoEd is proposing to cover the interest payment for loan repayments on IDR so that the loan balance does not grow over time, even in months when your repayment amount is $0. + +* If your loan balance is less than $12,000, you’re eligible for forgiveness after 10 years, rather than waiting for the full 20 years. +At the Ethereal Summit, William Mougayar just said at next weeks Token Summit that there will be an announcement, from a big traditional company with millions of users, that theywill be issuing a token. + +Interesting times ahead... + +>FYI I personally am not in favor of accepting a long-term commitment to activist forking norms. I also think that hard forks will become technologically riskier and riskier over time and at some point assuming sufficient institutional adoption they just won't be available as an option anymore; our job is to make sure that by that time contract safety features are easily implementable and usable as a layer on top of the protocol. + +https://np.reddit.com/r/ethereum/comments/4tolda/vlad_zamfir_the_dao_hard_fork_and_the_negotiation/ + +He also states that we would have difficulty forking away evil dapps: + +>Yep, I actually have been thinking quite a bit about how we can use ZK tech to make apps that are hard-fork-resistant through obfuscation. Unless we literally hand a multisig curator "the keys to the blockchain" (which I would absolutely and totally oppose), protocol hard forks are inevitably going to be too slow to keep up with "evil dapps" constantly switching contracts trying to dodge them, and with ZK tech you won't even know which contracts are the "evil" ones. + +>https://np.reddit.com/r/ethereum/comments/4tolda/vlad_zamfir_the_dao_hard_fork_and_the_negotiation/d5jg1ay + +So it would seem that given enough time Ethereum will be totally immutable, though it does raise some concerning ethical questions... +>FYI I personally am not in favor of accepting a long-term commitment to activist forking norms. I also think that hard forks will become technologically riskier and riskier over time and at some point assuming sufficient institutional adoption they just won't be available as an option anymore; our job is to make sure that by that time contract safety features are easily implementable and usable as a layer on top of the protocol. + +https://np.reddit.com/r/ethereum/comments/4tolda/vlad_zamfir_the_dao_hard_fork_and_the_negotiation/ + +He also states that we would have difficulty forking away evil dapps: + +>Yep, I actually have been thinking quite a bit about how we can use ZK tech to make apps that are hard-fork-resistant through obfuscation. Unless we literally hand a multisig curator "the keys to the blockchain" (which I would absolutely and totally oppose), protocol hard forks are inevitably going to be too slow to keep up with "evil dapps" constantly switching contracts trying to dodge them, and with ZK tech you won't even know which contracts are the "evil" ones. + +>https://np.reddit.com/r/ethereum/comments/4tolda/vlad_zamfir_the_dao_hard_fork_and_the_negotiation/d5jg1ay + +So it would seem that given enough time Ethereum will be totally immutable, though it does raise some concerning ethical questions... +I’d like to diversify my investment portfolio to include more low risk investments. I’m curious, which financial instrument has the highest guaranteed rate of return? So far, it’s the SkyOne Federal Credit Union 2-Year-CD with a 5.00% APY and the Canvas 7-Year-Annuity with a 5.70% APY for me. +Great news for consumer spending + +https://www.bloomberg.com/news/articles/2018-07-27/americans-rainy-day-funds-have-been-growing?utm_source=twitter&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-economics&utm_content=economics&utm_medium=social +It seems Tesla is set to bump the battery capacity of its Model S sedan up to a hefty 100kWh some time in the near future. We know this thanks to the work of a white-hat hacker and Tesla P85D owner named Jason Hughes. Hughes—who previously turned the battery pack from a wrecked Tesla into a storage array for his solar panels—was poking around in the latest firmware of his Model S (version 2.13.77) and discovered an image of the new car's badge, the P100D. + +http://arstechnica.com/cars/2016/03/man-hacks-tesla-firmware-finds-new-model-has-car-remotely-downgraded/ +I'm 28 years old and I'm getting pretty close to my fatFire goal. I'm doing a "fat-coast-fire" hybrid by filling up my retirement accounts now (401(k), 457, two IRAs, a SEP IRA, and an HSA) to a point where it would turn into some decently fat money by the time I turn 60 and will be able to access the accounts. Once I get the right balance in these accounts I'll stop investing and just enjoy all my income until 60, then start withdrawing. I anticipate having around $6 - $7 million by that time and withdrawing \~$20k/month. + +I'm a high school teacher, but do quite a bit of online teaching as well and am able to earn about $250,000/year with summers off. I've found this fat-coast-fire savings plan to be the best option for me personally since I am very fulfilled by what I do, and it's a low-stress job. + +I know that's not as fat as many people on this sub, but I think it might be too fat for other related subs so I hope I'm okay posting here. + +My main question is about healthcare. I'm starting to realize how much money I'm going to have 30 years from now and want to make sure I'm also investing in my health now so I can enjoy the money when it becomes available. Aside from getting regularly scheduled physicals, what other things are worth doing now that may have benefits later in life? + +I've heard so many stories about people who get some illness but "catch it early" so they can get it treated and avoid severe issues. How does one go about catching stuff early? Are there suggestions for any other regular screenings, blood tests, etc? I have great insurance as a high school teacher and I'm also ready to pay for anything extra that might not be covered by insurance. + +I'm in decent shape and am pretty active, so I'm not necessarily looking for lifestyle suggestions. I'm trying to determine the most optimal routine medical checks so I can avoid any major illnesses in the long term. + +I'd also be interested to hear if anyone has experience with "medical tourism," which is when you fly to a country with low healthcare costs where you can get advanced screenings done (like an MRI) for a fraction of the cost you would pay in the US. + +Thanks in advance for the suggestions. + +EDIT: I always get accused of LARPing when I post here haha. The public school teaching job gives a decent salary and great benefits. Online teaching is very lucrative. I offer a bunch of online classes that are asynchronous and self paced. I have thousands of students all over the country and make the huge majority of my income from them. +I want to structurize and automate my days as much as possible. What does your daily routine look like, and what tools do you use to structure and streamline your daily activities? +Thought his belonged here. Millennials who pay for their parents living expenses talk about financial independence and supporting their families. + +https://www.vice.com/en_ca/article/8xya93/the-millennials-who-pay-for-their-parents-living-expenses?utm_source=curalate_like2buy&utm_medium=curalate_like2buy_wasi6ir1__9066cb4a-7c42-4673-95d1-e155f42af7dc +For all the new members + +https://www.youtube.com/watch?v=Me-GymG1JWs + +Link to DApp + +https://app.dcip.finance/ + +Link to lite paper + +https://dcip.finance/DCIP-Litepaper.pdf + + +Big things incoming …⏳ + +➡️ BSC News article about the $DCIP use case, exposure to 300.000 readers 🔥 + +➡️FIAT bridge Indacoin listing with 500.000 members who can buy $DCIP with debit/creditcard 💳 + +➡️ Indacoin marke.ting 🤑 + +➡️ Cointelegraph article with 3 million readers 🥵 + +➡️ 6th biggest asian exchange Gate.io listing 🚀 + +➡️ 60BNB in the marke.ting wallet (influencers, article’s, Social media etc.)🤩 + +Our growth is insane for the past weeks. We have many more features to come, we are just getting up and running. + +This quarter we will roll out our automatic investing contract, meaning that we can directly set stop losses and take profits for more short term oriented investments. + +But first we will see our FIAT Bridge live, currently all paperwork is being managed by the FCA. Indacoin is already building the solution and our dev team is preparing for the integration of it! Indacoin will also host an interview with DCIP, exposing us to over 500.000 active users, who use Indacoin to trade cryptocurrency. +With the massive influx of new subscribers to this subreddit, a bunch of low quality submissions have emerged on a daily basis. + +As of now, PERMANENT bans are going out towars especially low quality submissions, the first stickied post on this sub have been updated to reflect this. + +Accounts less than 3 months are not able to submit a new post, they can comment, but will have their own tag. + +READ THE SIDEBAR before ever making a submission, again, QUALITY is expected, and completely effortless shills will result in a perma ban. + +Feel free to report especially low quality submissions, it makes the job easier. + +That is all. +Small rural town, plenty of land that could be developed. Population of about 8500. + +Population has been steadily decreasing by about 1/2 a % annually for 20 years. + +Total number of residences (eg available homes) in the town has increased the last 10 years. + +Rent prices have been flat for 10 years. + +Median household income has decreased by $10,000 over the last 10 years, not accounting for inflation. + +A higher % of the town's population are dependents than 10 years ago. + +There is no meaningful outside investment by institutions or by individuals. + +Property values were up 18% last year and 25% this year. Why? + +Edit: Here are factors suggested in the thread that seem likely and aren't disputed by the research I've done: + +-interest rates have dropped from 5% to 2.5% in the last 2 years. + +-inflation is likely much higher than the Fed's official numbers + +-high materials costs are affecting the price of existing homes. + +edit 2: BTW, market is Toppenish, Wa. I was arguing with a friend about market trends, and we agreed that the underlying trends shouldn't be applicable in a rural shithole with plenty of available land. Toppenish was a perfect example. +Before anything I am super inspired by this sub, I learn a lot and gives me motivation. Everyone here seems to own more than one property, ok not everyone but you get the point. Anyways, how the hell do you even scale? After how many years of owning one property you can even get another one? What then after four? You partner with others? What do you do? + + +Edit: also, what happens if your income does not increase? Why would the bank give you more mortgages? +&#x200B; + +My net worth in mint hit 1.5 million today. I am 44 years old and didn't start seriously thinking about FI until my late 30's. I had been pretty much expanding my lifestyle with every expansion of my income to that point. But I decided enough was enough, and started auto-deducting every raise I've received since then. Some into retirement accounts, some into savings, some into a brokerage account. I've been able to do that with every raise ever since, and frankly, it made all the difference. Set it and forget it, and I've never missed the money. + +&#x200B; + +I don't expect to walk away from my job until I hit 55. Not exactly early retirement, but there's a good reason for it. I'm in a pension system and anything younger would really short change my pension income when I "retire". In fact, there's an age factor multiplier that makes it very tempting to stay past 55. But I want every day from 55 on to be a \*choice\* that I'm staying because I want to, not because I "have to". It's still a long slog ahead of me. I still have two kids to put through college. I have to keep everybody in the family healthy. Everything has to continue to go right. But I feel like I'm well on my way. + +&#x200B; + +I have roughly $800k (net) in real estate, $500k in stocks/bonds, and $200k in cash/t-bills. The real estate is between two single family homes, one of which I rent out. Most of the stocks/bonds are in retirement accounts. I'm stockpiling cash because I'm thinking about expanding the real estate portfolio, especially if there's a correction in the near future. + +&#x200B; + +If I have one tip, if you have a stable career, pick a lifestyle level which is comfortable for you, then have a policy that you'll autodeduct any raises as the years go by into investments. It works. + +&#x200B; + +Edit for FAQs: + +Gross income $215k. + +Tech company middle manager + +Personal savings rate: 43% + +&#x200B; +>We’re changing the balance functionality for your PayPal account depending on whether we have been able to verify identifying information that you provide to us.  + +>If we have not verified your identifying information, a balance in your PayPal account can generally only be held in your PayPal account and transferred to a linked bank account or debit card. + +>If we have verified your identifying information, a balance in your PayPal account can be held in your PayPal account, transferred to a linked bank account or debit card, used to make purchases or send money to others. + +>We’re removing the variable rate pricing for sending money to friends and family members who have PayPal accounts in a country other than the United States when you send money using PayPal balance or your bank account and introducing a new flat fee of $2.99 or $4.99 per transaction depending on the recipient’s country. However, when you send money using your credit card, debit card, or PayPal credit you will be charged the new flat fee per transaction depending on the recipient’s country + 2.9% of the transaction amount + a fixed fee based on the currency. + +https://www.paypal.com/us/webapps/mpp/ua/upcoming-policies-full + +>Our updated Privacy Policy will be effective on April 19, 2018  + +No more stealth accounts, no more unverified accounts, no more PayPal balance. Basically, you're limited to one account, and one account only. + +Sending money to family members is now [more expensive](https://i.imgur.com/9wAyOaj.png) than using BTC. + +Tomorrow will be a sad day, but great for the future of cryptocurrency! +So this is all raw and happened over the past couple of days so some helpful advice please. + +I’m 27 male and working professional and I’ve been with my now ex partner for just short of 6 years. I’ve always worked and my partner has stayed home. + +She deals with all the bills mortgage literally everything the money goes into a joint account and stupidly I’ve had no visibility of literally anything, until Friday where I decided to work from home after getting to the office and the internet was out. + +A few hours after I get there bundles of letters posted though the door, final reminder, collections agencies overdue credit cards in my name which I’ve had no clue about. + +I’ve literally just opened Pandora’s box and found that my now ex partner has run up tens of thousands of pounds of debt in my name. I’ve signed up my my free credit scores online and as far as I can work out it’s to the tune of around 45 thousand. But I’m told may be much more. + +So I’ve kicked her out of the home and used the entirety of my savings to pay £4190 worth of mortgage arrears as that seemed the most important but now I have no clue where to even start. + +My car has no finance on it but I need it for work and the letters I’m going through are threatening court action. According to public record I have 3 CCJ’s in my name adding up to just over 1600 in total. + +If you guys could point me in the right direction for anything and everything please it would be so muchly appreciated. And for everything im trying to research but I’m getting different answers from different places. + +Debt? +Bailiffs? +Childcare? +Police? + +Thank you so much for your help and understanding 😍 + +Edit: There’s been so many great replies from all of you so at least I have an idea of where to start. I’ll reply to some questions / advice individually but summarise a few bits here: + +Yes we have a 3 year old daughter, I’m currently off sick from work while dealing with this situation so currently I’m looking after her full time, my ex keeps requesting to see her but so far I’ve said no but I know she has to see her at some point. + +As to reporting my ex to the police I’ve been reluctant too over the weekend but I think it’s clear from what you’ve all told me that I need to either pay for the debts my self or report her to the police so I’ll give me local police a phone call this morning. + +As for council tax I have a letter claiming to be a “liability order” for the sum of £530.39 +I'm a proud public servant. For years my profession has been subject to below inflation payrises. Even if I changed to the private sector, I wouldn't actually earn much more and I wouldn't benefit from the defined benefit pension. + +Is there a way to help mitigate for the below inflation payrises that have been taking place under austerity? It seems the best chance I have is to put money into S&S ISA? Surely there must be other things I can do to help safeguard my future from earnings erosion? +First time dividend investor here. I want to expose 30% of my portfolio (Around 5000$) to dividend stocks or ETF's. During my research I found these two ETF's, VYM and SCHD to be pretty similar. Should I go for either one of those or include both of them in equal ratio? Or am I missing an obvious difference between the two? Thank you in advance. +Just making goals got to 2000 a year in dividends my next goal now will be picking safe dividend income to make sure every month i get 100 right now i have 1 large month a quarter and the other 2 are dead. +Just curious on what stocks people are buying right now in the Market? With the S&P 500 hitting new highs everyday and crossing the 46 PE mark when its usually on average 15-20 it seems like the market is getting really pricey right now. Right now I am currently buying INTC and LMT because they seem to be the only stocks I have that are trading at low valuations. Was curious on the stocks you are buying and why? +Is this a reasonable thing to do? I'm surprised there isn't more post on here about this update. From what I understand the transition to POS will begin with this update. Which should inspire some large investors to hold their money in Ether. More money in market cap would mean an increase in price. It will affect miners, but really what it comes down to is the amount of money people are willing to pay per Ether. If holding it will make you money I see it as a no brainer. + +Not to mention the other planned upgrades to security and anonymity. +Hi all, + +Quick background - It’s my wife’s 40th next year and I have booked a very elaborate surprise 4 day birthday weekend for our family and 7 of her friends families. Basically hired out a mansion for a weekend she will never forget (especially as we are very frugal). + +Does anyone know of a policy that would cover cancellation from things like Covid-20 / death in the family etc? Seems like a reasonable policy should exist if I am booking 14 months in advance! +So I was reading an article about BTL yields across the country and decided to just have a quick browse in one of the cities since I wouldn't mind living there. + +Saw plenty of nice new development investment apartments where the advert said things like "guaranteed net yield of 7,8,9,10% net yield....developer buy back option 115%" etc. + +Are these deals....dodgy? They seem to have a management company as part of the deal and figured into the calcs...overall don't seem like bad deals to get exposure to at eg 20% down on a 100k flat in a city like Glasgow or Liverpool etc to get 7-8% yield that's guaranteed... + +What am I missing? + +EDIT: simply can't answer everyone but thanks to everyone for the great response. Thought it would be too good to be true )) the city was Liverpool btw as I read that has the highest yields in the country currently at around 10% in L1 postcode +Hey, y'all! Longtime lurker and occasional shitposter, first time DD-writer. Feel free to let me know what you think in the comments. + +# Disclaimers + +This post is for entertainment purposes only. I am not a lawyer and this is not legal advice. Consult a professional before making any legal decisions. I am not a financial advisor and this is not financial advice. Consult a professional before making any financial decisions. I have a financial interest in all the organizations discussed but to varying degrees; GME is the largest by multiple orders of magnitude. + +# Background + +A bit about my relevant experience in the areas that I discuss below. Happy to verify my identity with mods if requested. + +I've worked at multiple tech startups with good, bad, and mediocre exits. I've brought multiple products to market within complex business structures involving multiple business units. I'm passionate about strategy, product launch, legal risk, finance, marketing, & go-to-market. + +No formal experience in web 3, just started learning recently with the recent Loopring leaks. + +# GameStop Gaming NFT Marketplace w/ Immutable X + +Like many others, I was both super excited but somewhat confused by this announcement. I had been following the Loopring leaks and have been eagerly awaiting an announcement about their partnership with GameStop. What we got last week wasn't that - it's actually way better. + +If there's any doubt in anyone's mind, let me say unequivocally: this is incredible news and shows how serious GameStop is about reinventing itself to address the rapidly growing markets of gaming, collectibles, NFTs, and possibly the broader web3 space. + +While there isn't much out there, we did get some important details from [GameStop's SEC filing](https://news.gamestop.com/node/19586/html) and subsequent media push by IMX's Robbie Ferguson (Bankless YouTube announcement [YouTube interview](https://www.youtube.com/watch?v=fne4XMhtVf4) & [Twitter posts](https://twitter.com/Immutable/status/1489768162254266369)). Also, many wrinklier brains than mine have posted foundational analyses like [/u/fortunate\_branch](https://www.reddit.com/u/fortunate_branch/)'s writeup in the Loopring subreddit. + +# Structures: Organizations, Technologies, & Products + +Here is what I believe to be the structure of products, technologies, and organizations between GME x IMX x LRC. We know about the GME Entertainment entity from the GameStop filing about Immutable X. + +[Theorized org & product structure](https://preview.redd.it/fp369egx2rg81.png?width=960&format=png&auto=webp&s=2564259f237a35238a6d7c4e77510225d3f2f800) + +But, per the YouTube interviews and Tweets, Immutable X is exclusively focused on gaming NFTs and building the marketplace for them with GameStop. They're \*NOT\* the custodial wallet for said NFTs. + +That's the role that Loopring's wallet plays in GameStop's overall web 3 strategy - they're the technology underpinning a yet unannounced "GameStop wallet" to act as a free/low-cost custodial wallets for the gaming NFTs acquired through their Gaming NFT Marketplace. But those Loopring wallets aren't limited to the gaming NFTs - they're the core component of GameStop's technical stack to democratize web 3 for mass adoption. + +In the future, if GameStop expands into other types of NFTs (like collectibles), the org/tech/product structure could look like this. + +[Theoretical future org & product structure](https://preview.redd.it/3ylr138z2rg81.png?width=960&format=png&auto=webp&s=fba39a742aca00cb62d73cb97e7304c0090c7a15) + +# Subsidiaries & Financials + +This corporate structure of subsidiaries is often used by startups to protect their initial capital by funding subsidiaries with a small portion of that initial capital. These subsidiaries are often used to "test" a vertical within a broader market where legal risk is unknown or unproven. This way, if something goes truly sideways with the subsidiary and they get the snot sued out of them, only the capital held by the subsidiary is at risk of any litigation and the capital held by the parent company is shielded from claims against the subsidiary. GameStop is doing exactly this with GME Entertainment and the gaming marketplace they're creating in partnership with IMX. + +GameStop has an incredible $1.4B cash on hand [per their Financial Statement for Q3 (ending Oct-30-2021)](https://news.gamestop.com/static-files/d8478a24-97e8-414e-bfd6-f1f73522ceda). No indication what they're using it for or when but I would guess they waited until Q4 close to have a full year of physical & ecommerce transformation on the books before investing in the web 3 venture. This is probably why all this news is hitting now, GameStop's last Fiscal Year ended Jan-31-2022 and we're officially in their new Fiscal Year. + +What's incredible about this to me is that, so far, we've only heard about Immutable X investing 56M IMX tokens (notional \~$160M USD as of writing) into GME Entertainment through a milestone-based partnership. This is so bullish and a testament to the strategic minds guiding GameStop. They raised capital to fund the web 3 venture and structured it with a subsidiary to protect the (current) core physical & digital sales businesses. + +[Theoretical org & financial structure w\/ flows](https://preview.redd.it/fsw9xl113rg81.png?width=960&format=png&auto=webp&s=9cf55f937ce527c1b27217ee0abb25b987b8fdd4) + +I wonder if we'll see a separate GameStop subsidiary dedicated to the partnership with Loopring and holding LRC tokens similar to GME Entertainment and the IMX partnership. Perhaps it would over-complicate things but I could see this based on the differentiated roles that the Loopring wallet technology plays in GameStop's web 3 strategy. I think we may see a "GameStop wallet" product announcement in the future. This product is distinct from the gaming marketplace but an essential piece of GME's web 3 product & experience strategy. + +# Key Functionalities By Product & Technology + +[Key functionalities by product \/ technology](https://preview.redd.it/uxdrvrm43rg81.png?width=960&format=png&auto=webp&s=ccd3d16875613debd2fe835439f11b8644b1eccc) + +# Partner Analysis & Strategy + +IMX appears more ready for the go-to-market motion than LRC. I believe IMX already has strong marketing & sales functions based on 1) their existing game (Gods Unchained), 2) their previous partnerships (like [with TikTok](https://www.cultr.com/news/tiktok-top-moments-nft-collection-powered-by-immutable-x-to-feature-grimes-curtis-roach-bella-poarch-more/)), and 3) the media blitz they've been conducting. Robbie (IMX CEO) had an interview lined up with [Bankless](https://www.youtube.com/watch?v=fne4XMhtVf4) on the day of the announcement and [Yahoo Finance](https://finance.yahoo.com/video/gamestop-nft-partner-says-video-150950315.html) on Monday. I suspect IMX will be a great co-marketing partner for this very public-facing part of their web3 strategy. + +LRC is a critical technology to GameStop's web3 strategy and DeFi overall but the organization is less prepared for GTM. Daniel Wang seems more like a technologist. Daniel's departure and Steve Guo stepping in as CEO likely signals a shift in strategy more focused on Loopring's business applications and go-to-market strategy. LRC is going to get a lot of exposure if/when GameStop announces their "GameStop wallet" built on Loopring but I'm not sure if they would've been ready with Daniel still as CEO. + +The Loopring wallet allows GameStop to pursue multiple NFT strategies, the first among which is gaming NFTs through the marketplace with IMX. + +# Summary + +GameStop's web3 product strategy seems incredibly exciting and I'm really impressed by the partners they've selected. I cannot wait to see what comes out this year! + +# TL;DR + +Buy, hold, and DRS +I'd love to know what the bell curve of winning strategy performance looks like. + + +I've been working on a single strategy for years and at this point, it does very well -- 3 digit profit percentage per year. + + +Having run out of new ideas on my original strategy, I recently started working on several other strategies. They were all losers except for one that is backtesting at 60% per year. + + +So this got me wondering, how good are my results, really? I know this probably sounds so spoiled but the truth is I feel a little disappointed with the 60%. I'm hoping for a little perspective. + + +(I play in crypto only BTW) +Is anyone interested in sharing what tech stacks they've used and enjoyed? + +I'm assuming most people are using Python or Java and utilising docker containers etc. +I heard of QuantPedia through Quant Connect's boot camp and it looks interesting as a source for inspiration to developing algos. It's not cheap so I'm wondering if anyone has subscribed to it and what their thoughts are? Has anyone used any other sources for inspiration? +I’ve just turned 24, I currently work part time as a customer advisor for Lloyds Bank (been here since April 2017). +I graduated with a 2:2 (very disappointed in myself) in Accounting and Finance from a Russell Group University in 2016. + +I really struggled with mental health issues after finishing uni which really set me back, now that I’m getting out of that hole I feel anxious and disappointed that I’ve wasted so much time. + +I’ve started studying for my CFAB qualification with the ICAEW recently and am looking to complete this by the summer of this year. I was hoping this would help me with job applications as I would like an ACA training contract with a firm. + +My current situation: + +Salary: £1100 net working 20 hour weeks (spend the rest of my time studying) + +Savings: £1600 in H2B ISA (£200 a month) + +Debt: +£800 credit card debt with Santander (0%) +£1325 credit card debt with Barclays + +Expenses: +£100 to parents (living at home and they are happy with this) +£100 fuel +£75 car insurance +£14 road tax +£11 gym +£20 mobile phone + + +I just feel like I’m not where I should be in life. I feel like all my friends from uni are ahead of me. It’s something I think about every day. I’ve applied to many other jobs in accounting and finance sectors but can’t manage to pass the interview stages due to lack of experience or low grades at uni. I feel stuck. Any advice in terms of finances/careers would be really helpful. Thanks in advance. + + +EDIT: + +This is my first ever post on Reddit and the amount of support I’ve received is overwhelming. It’s a nice feeling to know I’m not alone in this situation and there’s light at the end of the tunnel. Thank you all so much, I really really appreciate it. +* 28, single, female, living in Melb inner East +* 67K salary at the moment, waiting for job offer to come through at 80k +* 48k in savings (40 in home deposit, 8k emergency), 1k in etf’s, 36k super +* Generally sitting at 1-1.2k outgoings a month; (this inc. food, fuel, bills, general maintenance of house, fun money, any investments) +* Living at home, my priority is saving atm. I moved back home early this year after 2.5 years sharehousing. It’s my mum and me in the house, father passed away at 10 +* I have one older brother who’s quite savvy financially, good wage, splits time between overseas and melb/qld. The house is owned outright and technically in my brothers name from the will; which he’s used to purchase property in QLD (not sure how this works exactly) + +Just don’t know what my solid goals are financially here, or what’s possible with my finances and situation. I would love to buy a unit, but the commitment and financial stress scares me. + +My plan is to stay home for at least another 10-12 months, save and have at least 8k in etf’s; I’d love to rent a 1br apartment in inner Melb burbs (not keen on share housing again), but I can’t get over that ‘rent money is dead money’ mentality; but at the same time I feel like I’m not really ‘progressing’ with my life in terms of independence and finding a partner; I can’t stay home forever! + +I feel like I’m kind of in a no mans land atm. What would you do in my situation? +I read the article he wrote and it is pure garbage and obvious stock manipulation. Dear SEC, here is a very simple, easy to prosecute case for you. You just have to ask his broker how many calls he and his family members bought before publishing this work of fiction. + +I will give any lawyer from WSB willing to file the complaint with SEC 100 Gilead puts. +My brother and I inherited a house from our uncle which I intend to keep so I am buying him out. His half would be $210K and our lawyers have told us that upon closing they will deduct about $950 in tax from that total, but my brother believes he will be taxed much more, up to $45K worst case, so he would like me to account for the taxes and give him more in the payout so we each get a 'true' 50/50. Can anyone offer insight to this? I am not sure how his accountant is coming up with these numbers, unless the payoff will count as taxable income when he does his taxes next year? + +Edit: Don't worry kind strangers, I won't be blindly taking the advice of the internet and will defer to the lawyers, just trying to get a feel for if his suggestion is as outrageous as I think it is. Thanks! + +Second Edit: I shouldn't have called it an inheritance; our mother added our names to the deed upon my uncle's death (hers was already on it). This makes all the difference in the world, it seems. +Looking to get started in investing. I would like to start with small investments, so I'm looking for something(such as an app) which has low/no transaction fees. What is a good app y'all would recommend? +[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/) +do not worry about the alt. you must not forget human soul are greedy want big return. Btc not enough return for greed and alt fomo must follow. the sky god say patients will reward and destiny are become true in past. some alt will die but good project will live and are make us rich for money and rich soul. bless you bull family . we are going and will be rich if you are powerful patient. if you are not buy right now you will cry 2019 very strong bull whale assembly cannot be defeat by poor bears. Fomo greed are very powerful mind. thank you +Much of bull confidence comes from looking at China where they "have the virus beat" and re-opened factories. + +But look closer. The state is mandating workers go to work. What do they do on the weekend? What do they do after work? Check out the the driving data from TomTom for the last 7 days. Notice anything interesting about weekend data? + +https://www.tomtom.com/en_gb/traffic-index/beijing-traffic/ + +TL;DR: Nobody is doing shit in China without a gun to their head. V-shaped recovery is not going to happen. +I was going back and forth with a fellow FI member. They made the claim that you shouldn't compare effective tax rates in retirement with marginal tax rates during accumulation but you should consider where to put the excess funds once you had enough Traditional IRA assets such that they filled the 12% tax bracket throughout retirement. Any additional money withdrawn from the IRA would be taxed at the higher tax rate, 22% ,which would be the same during accumulation, if your marginal rate was 22%. This is something that I struggle with and I decided to run a few scenarios, listed below, to see how this actually pans out. I made this post so that the community can peer review my assumptions and work and see if it make sense. + +*Assumptions:* + +Traditional contributions and withdraws operate on a FILO principle such that contributions during accumulation are the first dollars removed from taxable income, and withdraws in retirement are the last added to your income. Married filing jointly, take standard deduction, earn 150k/yr during accumulation and want to live a 150k/yr lifestyle in retirement. 100% Social Security taxable, in reality, most likely 85%. + +*During Accumulation* + +20K Traditional Contribution saves 22% in taxes = 4,400 in taxes. Taxable income 150K - 20K - 25K = 105K. Fed Taxes: 20K X 10% + 60K X 12% + 25K X 22% = 2K + 7.2K + 5.5K = 14.7K / 150K = 9.8% effective tax rate. + +**Scenario 1: Pension and Social Security Fill 12% Tax Bracket** + +SS = 30K, Pension = 50K, Trad Withdraw 150K - 50K - 30K = 70K. Effective tax rate on the Traditional IRA money: 70K - 25K (Standard Deduction) = 45K, 45K X 22% = 9.9K taxes on Trad Withdraw / 70K Trad Withdraw = *14.1% effective tax rate on Traditional IRA withdraw* (compared to 22% savings on deposit) + +Effective Tax Rate 20K X 10% + 60K X 12% + 45K X 22% = 2K + 7.2K + 9.9K = 19.1K / 150K = 12.7% + +**Scenario 2: No Pension, SS = 30K** + +Trad Withdraw = 150K - 30K = 120K. Effective tax rate on the Trad: 120K - 25K (SD) = 95K, 50K X 12% + 45K X 22% = 6K + 9.9K taxes on Trad Withdraw / 120K Trad Withdraw = *13.3% effective tax rate on Traditional IRA withdraw* (compared to 22% savings on deposit) + +Effective Tax Rate 20K X 10% + 60K X 12% + 45K X 22% = 2K + 7.2K + 9.9K = 19.1K / 150K = 12.7% + +**Scenario 3: No Pension or SS** + +Trad Withdraw 150K, Effective tax rate on the Trad: 150K - 25K (SD) = 125K, 20K X 10% + 60K X 12% + 45K X 22% = 2K + 7.2K + 9.9K taxes on Trad Withdraw / 150K Trad Withdraw = *12.7% effective tax rate on Traditional IRA withdraw* (compared to 22% savings on deposit). + +**Conclusion:** + +It seems that the phrase, "if your income is the same in retirement as it is today then it doesn't matter or Roth is better" seems incorrect. Even with the same 150K income/150K retirement lifestyle, the effective rate of your Traditional IRA withdraws is less than the rate at which deposits entered pre-tax vehicles. I was surprised to see Scenario 1 was actually pretty favorable towards pre-tax. Mainly because the standard deduction applies to the first (top) dollars of income, so basically Traditional IRA withdraws = the Standard Deduction are Tax Free. This means that you need to be in a higher tax bracket in retirement in order for the effective tax rate on Traditional IRA money to equal your current marginal tax rate. How much higher? That's probably another post. I tried to make sure I didn't make any math errors. Let me know if it looks logical and sound. Thanks for taking the time to read and good luck on your journey! + +Edit: Someone mentioned what about Roth and I believe you could just reverse the thinking. Instead of saving 22% during accumulation and paying 14.1, 13.3, or 12.7% in retirement, flip it. You spent 22% during accumulation and saved 14.1, 13.3 or 12.7% in retirement. +https://imgur.com/a/qi1ZkCw + +I received an email about a purchase / invoice on the official PayPal email. I was nervous, I hadn't done this. + +I scroll down a bit, all the links go to PayPal, and one even takes you to the page of receiving suspicious invoice links. I'm sold, I go to the bottom of the page and called the number, after a bit of a wait someone picked up. He said in order to cancel the purchase I need to go to the PayPal website and generate a pin and give it to him. I thought to myself that's weird, why would he ask that. Then I'm a little suspicious and put the number into Google, nothing. No mention of PayPal. + +I inspect the email a little closer, and notice the number is a note from the scammer himself. Pretending it to be from PayPal. + +I'm eternally weary of scams, suspicious of all calls, and almost fell for one today. PayPal needs to look into this immediately and not allow customer messages to put phone numbers or emails. +https://imgur.com/a/RDa86Np + +Started in November with $4,500 that I cash advanced from my credit card and saved by paying my rent with that card for 2 months. I initially bought 75% shares and 25% calls and just pressed buttons on my phone a few times here and then for the next couple months. I didn't want to post this until GME wounds started healing for others. I did, however, go down with the ship in my Fidelity where I lost about 25k on shares. Nothing I did was smart, I got lucky. DON'T FUCKING GAMBLE WITH MONEY YOU CAN'T AFFORD TO LOSE. THERE WAS 1 SPOT IN 10 MILLION WHERE THAT SHIT ACTUALLY WORKS AND I ALREADY TOOK IT. Please don't test your luck because you will lose your shirt and your wife will go stay with her boyfriend permanently. Otherwise, keep those Wendy's Tendies flowing you fucking retards. + +Edit 1: Getting a lot of PM's asking for money. Bitch, I'd love to help everybody and will be making sizeable donation to charities and bringing video games to kids for Christmas. However, I don't just have cash everywhere. I actually adjusted my quality of life DOWNWARDS. Also, if you wanna PM me to ask where to learn about options, you better have some experience in business, logistics, trucking or brokering freight, so you can return the favor. I need help with something so tit for tat. + +Edit 2: Got a lot of people messaging me asking about what shall not be named i.e. rule 4. If you are interested in that, you can go through my post history. + +Edit 3: Can't I get a flair or something for being an absolute retard? + +Edit 4: Yes people, this was my FIRST play in the stock market, I'm not a guru that could do this again. The first's one's always free or at least it was in my case! I am lucky, not skilled. + +Edit 5: The week of the gamma squeeze, I was up to 90k. I pulled out 46k which was more than 10 times my initial investment. Had I not done that, I would not have had the balls to make this play. My best advice, **SET YOURSELF UP FOR AN OPPORTUNITY THAT YOU CAN PLAY RISKY LIKE THIS AND IF IT DOESN'T WORK, YOU ARE STILL BETTER OFF THEN YOU WERE WHEN YOU FIRST STARTED!!!** + +Edit 6: Volatility. How did I not wanna die with such large fluctuations? Well sometimes I did, that's what the liquor was for. Otherwise, as you can probably tell, I was born in the bytecorn space but way out of even the top 25 or 100 corns. I'm talking microcap that would put even the worst copperstonks to shame. This volatility pales in comparison and I became comfortable there, sometimes even happy. Learn to hold onto your pants trading the most volatile asset known to man, and options will be a walk in the park. Also, I learned a ton about greed and chasing gains in the pop of 2017. Lessons to be learned can be found everywhere, it's up to you to determine how much you wanna pay to learn those lessons. +What’s up apes! + +Here’s some emojis for your night time read +🍌🍌🚀🚀🚀🌕🌕💎💎🖐🏻🖐🏻🦍🦍🦍 + +I recently got a new job and I’ve really hit it off with my new boss! One of the first things we talked about was trading, and although he’s a fairly aggressive trader, he’s mostly strayed away from anything labeled a “meme stock.” When I asked him his opinion on GME, he immediately shot down the thought of buying in to it, saying the company had no fundamental value in today’s market. + +Of course, I was taken aback by this. I didn’t mention MOASS, naked shorting, hedge funds, or any of the DD written here, however. Instead, I mentioned that the company eliminated all of its debt this year, raised almost $2B (more than half coming from the share sell off), and are currently transforming in to a tech company akin to current giants. I also told him about our favorite chairman and new CEO. He didn’t say much after this, just a slight nod and a promise to look in to GameStop more. + +Well, today when I went in to the office, he informed me that he purchased a position in GME! Not because of MOASS, but because he knows what we know: that GameStop is extremely undervalued and will grow to be a massive tech giant in the coming years. RC is a modern visionary and I trust that he will take GameStop to the moon and beyond! + +I love the company. I love the stock. And I love you, apes. ❤️ +**Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.** + +*** +- + +###Disclaimer: + +Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. + + +**Please be careful about what information you share and the actions you take.** Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. + +*** +- + +###Rules: + + - All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply in this thread. The prior exemption for karma and age requirements is no longer in effect. + - Discussion topics must be related to cryptocurrency. + - Behave with civility and politeness. Do not use offensive, racist or homophobic language. + - Comments will be sorted by newest first. + +*** +- + +###Useful Links: + + - [**Beginner Resources**](https://www.reddit.com/r/CryptoCurrency/wiki/beginner_resources) + + - [**Intro to r/Cryptocurrency MOONs 🌔**](https://www.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) + + - [**MOONs Wiki Page**](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki/) + + - [**rCryptoCurrency Discord**](https://old.reddit.com/r/CryptoCurrency/comments/kth255/join_the_crypto_currency_discord/) + + - [**r/CryptoCurrencyMemes**](https://www.reddit.com/r/cryptocurrencymemes) + + - [**Prior Daily Discussions**](https://old.reddit.com/r/CryptoCurrency/search?q=title%3A"Daily+Discussion+-+"+&restrict_sr=on&sort=new&t=all) + + - [**Monthly Skeptics Discussion thread**](https://www.reddit.com/r/CryptoCurrency/comments/n26p85/monthly_skeptics_discussion_may_2021/) +Hey boys, I just needed to vent or get some advice or both. I’m starting to think trading might not be right for me. I started out on some good swing/scalp plays and got my account up 40% in a few weeks. Recently though I’ve been unable to make any gains and I just don’t get it. I’m trying not to chase, read charts carefully, and set stop losses but it seems my stop losses always get triggered and I lose money, then immediately the stock shoots back up. It just feels bad. I feel like I keep getting kicked when I’m down and I’m just watching my account slowly drain out and it sucks. Thanks to whoever listened, luv you guys +Hi, + +I'm 28yo living in Germany and I'm looking into investing into some ETFs to save for a retirement. I don't have any debts and do have enough for 6 month as an emergency fund. On top of that I have around 12ke that I want to invest. + +I've chosen some of the ETFs through Comdirect and I would be grateful if you can critique/suggest improvements or whatever: + +1. COMSTAGE MSCI WORLD TRN UCITS ETF (WKN: ETF110) - 45%. +2. COMSTAGE NASDAQ-100® UCITS ETF (WKN: ETF011) - 10%. +3. ISHARES STOXX EUROPE 600 (DE) (WKN: 263530) - 20%. +4. ISHARES STOXX EUROPE MID 200 (DE) (WKN: 593399) - 5%. +5. ISHARES STOXX GLOBAL SELECT DIVIDEND 100 UCITS ETF (DE) (WKN: A0F5UH) - 20%. + +On top of that, I'm planning to add around 500 Euro worth of ETFs each month through comdirect's Sparplan in the same proportions. + +Any critique/suggestions are welcome! +Hello, + +&#x200B; + +I'm a beginner investor, who is trying to create his first ETF portfolio. I've doing some research for quite a while now and I've picked 3 ETFs that I like, which are the following: + +* iShares Core S&P 500 UCITS ETF (CSPX) 0.07% TER - 70% +* iShares Core MSCI EM IMI UCITS ETF (EIMI) 0.18% TER - 15% +* iShares MSCI World Small Cap UCITS ETF (WSML) 0.35% TER - 15% + +&#x200B; + +I was wondering between the iShares world ETF and S&P 500 ETF, but I ended up choosing the S&P 500, because it has lower TER and I overall prefer US stocks. Like I mentioned I'm a newbie investor so I'm open to corrections in my portfolio. + +&#x200B; + +All the ETFs I've chosen are accumulating and I was wondering if there is a difference in taxing between a distributing and accumulating ETF? + +&#x200B; + +I'm also aware taxes are different in every country so it makes sense to mention that I'm from Bulgaria. + +I would highly appreciate any advice around my portfolio and things I have to be aware around taxes. + +&#x200B; + +Cheers! +I'm 30, based in Greece and want to invest long-term in ETFs. I decided to use ETFmatic since its fees are pretty low and (I guess) worth it since I lack the experience to balance my own portfolio atm. (I also compared moneyfarm -both UK and Germany- and it's fees are much higher). + +I am worried that brexit might influence my ability to fund my account/withdraw or even cause etfmatic to go bust. Anyone can shed some light on that? Are there better alternatives? + +Please let me know what you think on that. Thank you! + +Edit: If we assume to build a DIY no fee ETF portfolio (80% stocks), how would you go about building it? Which broker would you use? +Hi! + +I lived in non EU country and was tax resident of that country. Also I have Interactive Brokers account. + +Now I moved to EU country and started to pay taxes in it (so I becomes tax resident of that EU country). + +I want to update my account in Interactive Brokers appropriately, but I'm not sure what exactly I should do? + +Just update info in account and that's all? Or update info and provide some documents that can prove my new tax residence? Or even close old account, and open new one? + +Thanks for any ideas. +Hi all, + +I am an 18 yo Italian who is somewhat new to investing, having begun just recently to invest in ETFs. + +I currently have just over €2000 invested in my Degiro account (once again, just started) and allocate €400 per month to the following portfolio: + +\- **50%:** *iShares Core S&P 500 UCITS ETF USD (Acc)* \[SXR8\] + +\- **30%:** *iShares Core MSCI EM IMI UCITS ETF USD (Acc)* \[IS3N\] + +\- **20%:** *Invesco EQQQ Nasdaq-100 UCITS ETF (Dist)* \[QQQ\] + +In terms of profile, I am willing to tollerate high, but reasonable, exposure to risk to boost returns given my young age, and this explains my 20% stake in a tech heavy index like QQQ. + +I have opted for accumulating funds where I could find them to prevent dividend leakages and double taxation. This has brought me to recently switch from VUSA to the iShares S&P 500 index listed above. The only ETF that tracks the NASDAQ 100 and is both physically replicated and re-invests dividends has too high a price per share, putting it beyond my reach, hence why I went for the QQQ fund, despite it distributing dividends. + +&#x200B; + +If possible, I also would like to hear your two cents on hedged vs unhedged funds. From what I've read, it tends to be not to be worth it in the long run, but given the recent slide in USD vs EUR, this topic has sparked my interest, so any input is appreciated. + +&#x200B; + +Thank you for taking the time to read and help out, have a nice day! + + +Hello, + +So I actually inherited this money over 2 years ago, but until recently its just been sitting in a savings account gathering dust because I was too scared to touch it. + +It is not a huge amount of money, but I generally don't earn enough to save much or anything in a month so it comforting to know that its there. + +But this year I decided that I wanted to pursue a career instead of just working minimum wage jobs for the rest of my life, so I have paid €10,000 to do a masters in the UK. I have set aside €5,000 for expenses for the year as I am planning to earn about 150 per week. I am used to living pretty frugally, so this is very comfortable for me. + +I am trying to decide what to do with the other 15,000. I was thinking of investing in this [https://www.statesavings.ie/our-products/10-year-national-solidarity-bond](https://www.statesavings.ie/our-products/10-year-national-solidarity-bond) , but 10 years is a long time to wait because I would like to save to buy a house and have a kid in the next 5 years. + +I also want to purchase some prize bonds. [https://www.statesavings.ie/prize-bonds](https://www.statesavings.ie/prize-bonds) + +I guess I want to make some money with this money, but I am also scared of anything high risk because I cant afford to lose it. I am also concerned about trying to make choices which are as ethical as possible. + +If I could get any helpful tips I would really appreciate it! +Weakening against the $. High inflation plus more pressure due to war. ECB apparently quite reluctant to raising interest rates. + +I'd appreciate both a macro discussion and also thoughts regarding holding a big % of the portfolio in € under the current context. +Hello! + +Trying to educate myself on the ETF currency mess, I digested [https://www.justetf.com/uk/news/etf/the-effect-of-currencies-on-etfs.html](https://www.justetf.com/uk/news/etf/the-effect-of-currencies-on-etfs.html) , went back to my Degiro account, and spotted the following situation. + +The iShares Core MSCI World UCITS ETF, IE00B4L5Y983, has USD as its fund currency, as per + + [https://www.ishares.com/uk/individual/en/literature/fact-sheet/swda-ishares-core-msci-world-ucits-etf-fund-fact-sheet-en-gb.pdf](https://www.ishares.com/uk/individual/en/literature/fact-sheet/swda-ishares-core-msci-world-ucits-etf-fund-fact-sheet-en-gb.pdf) + +However, in Degiro I see it traded in EUR in several European stock exchanges (EAM, XET, MIL): + +[https://imgur.com/a/2ZcKXWu](https://imgur.com/a/2ZcKXWu) + +and, furthermore, in Degiro's list of free ETFs, it appears listed as though its currency is EUR (they do not specify what they mean by currency, but I guess it can only be "trading currency"): + +[https://www.degiro.ie/data/pdf/ie/commission-free-etfs-list.pdf](https://www.degiro.ie/data/pdf/ie/commission-free-etfs-list.pdf) + +So what happens when I buy IE00B4L5Y983 in EUR in EAM as I have done in the recent months? Given that the fund currency is USD, I understand there is a currency change. Does anybody know where Degiro pulls the USD->EUR rate from? Is it fair? Is there any hidden fee in this conversion? What's the cleanest way to cross-check this? + +Can one make any meaningful statement about my exposure to currency risk? I would say that the additional USD->EUR conversion increases it, but I'd like to be wrong. + +Thanks for any feedback you may provide! +Im an Estonian but really would like to get to trading, investing etc. I found out that Degiro is said to be the best in europe but its not available in estonia. I searched around a little bit and some people advise opening a N26 bank. Not a bad idea but here comes my question. Is it possible to use degiro with swedbank? +I am paying income tax in the UK, and on rent back in Portugal, from a property I own there. + +My bank texted me to fill out tax residency information, but the SMS had no link to do it so I reached the call centre. + +The guy sounded a bit weird about it, saying I couldn’t give him that information and I should get in touch with the tax authorities and hire a tax advice expert. + +I am not even sure what to tell the expert I’ve been doing my taxes on both countries for years, seems quite a banal situation. + +Any tips? Thanks. +Hi! + +I moved to Netherlands a few weeks ago and just got my 30% ruling approved. As my tax advisor confirmed, I will not pay taxes on earnings coming from my assets (BOX 3) during the next 5 years. + +What would be the best investment strategy in my situation (200k€ in cash)? I have opened a Degiro account and intend to invest in accumulating ETFs, but I'm not sure if it is the best strategy in my case. Maybe there are other investments than are heavily taxed under normal circumstances and would provide a higher return in my case... What do you think? :) + +Cheers! + + +Hello guys 26 yo guy from Greece. + +I have some money in emergency funds account no debt how i can start with **50 $** for investing? + +Which platform do you recommend? + +Whats your opinion for s&p 500? +I’m hoping someone more experienced could spare some advice on my situation. I will soon have €100K which I would like to invest to grow my wealth in the long-term. I don’t own any assets currently & I’m 30. I’m based in the EU. I also will be saving around €500 / month from my net income. + +Intuitively the first course of action I am planning is to purchase an apartment so I can save on rent. I’m trying to figure out if it’s a good idea to invest the full €100K into it or pay just for downpayment and get a mortgage with the raising interest rates? If I go for the second option, then where else should I allocate the rest of money into? ETFs? + +Imagine you’re in my shoes, there’s just the €100K and nothing else to your name. You want to grow your net worth & you’re willing to commit to a long-term plan. What would you do right now? +Hello everyone, I am an Italian currently doing an internship in Barcelona. I have been for almost 5 months now and will be leaving in one week and a half, but will 99% come back full time in September as I really liked the experience. I cannot understand if I have to apply now or in September for Beckham Law. I already have a SSN and a (temporal) NIE (+ i am paying taxes), so I guess it should be now, but I am not sure because my contract is ending soon and till next week i won't have the returning offer. Could someone give me directions on this? In case I decide to proceed, do you have suggestions on what I need to do to apply? It is really hard to understand online... + +Thanks in advance!! +Hi peeps ! I thought I might pick your brains a bit. + +Context first: I'm in a very young but very fast moving relationship with someone, and we plan to move in together in the next months or so. We have discussed rent/spending allocations etc, the only thing is the car. I already own the thing and have gotten quite a bit dependent on it. I know a car is a financial black hole and the best decision would be to get rid of it, but I can't. + +We will live in Brussels, in a neighborhood where parking spots on the streets are rarer than GPUs today. No parking spots are bundled with our appartement sadly, but I can rent one for ~100€/month. + +There is a second option: buy a parking spot for around 20.000€ (it is also amazingly close to the appartement, closer than the renting one). The thing with the parking spot is: it is subventionned by the town and the contract locks me out of selling it for more than what I bought it for for the next 20 years (I can sell it, but at 20.000€ and will have lost money due to inflation). I can also rent it, but at a flat rate of 60€/month for those 20 years. + +Question is: is that investment worth it ? "Throwing away" 100€/month for renting would be cheaper probably in the sort run, but we are unsure of how long we would stay there (4 years minimum, at least of everything goes well in the relationship) and it feels like a waste + +Financial info on me: 24F, in computer science, salary of 2.200€/month. I have enough savings to buy the spot without borrowing from the bank (or I could probably borrow from family with 0 interest). + +Should I do it even with the weird 20-years thing ? Thanks for your feedbacks ! +What are some well known dividend stocks in the EU (i.e. listed on EU stocks exchanges and denominated in euros) ? I'm looking for EU equivalents of US stocks such as P&G, Johnson & Johnson etc. So companies that have been around for a long time, have a history of paying out dividends, are well known etc. so something that 'grandma' may own ;-) My objective is to "park" some money. +*Bear market. Fuck me. + +I've been in and out of cryptos coming up on 5 years now and am just getting back into ethereum. + +I started off when an old boss recommended I buy some Bitcoin, Gox and the like seemed rather annoying to buy from and the community was quite toxic(surprise, surprise). Instead I looked into mining some alt coins as a fun side project to learn some scripting and really get into the core tech of each coin. + +Finally dogecoins came around and I thought it was hilarious. Tipping people on reddit was fun, sending the bobsled team to the Olympics, and sponsoring a Nascar race were awesome. I put about $500 into a shitty rig and mined away for a few months. At its peak I had 300k+ coins worth ~$1200. Gox scandal happened, Bitcoin crashed and doge died with it. My coins bottomed out at $30. I considered selling and buying a nice dinner as a celebration of the fun I had but never got around to it. + +With the massive resurgence of Bitcoin last year I got curious and checked up on my old Doges. Sure enough the fucking things were worth nearly 2k. I cashed out(not at the top mind you) and started looking for real crypto to invest in. I strongly believe in the tech behind ethereum(no I can't see the future, I do have an ms in computer science but that doesn't mean shit) and like most of you think it will long outlast Bitcoin. + +Incoherent rambling aside, I'm glad to be back with y'all and wanted to share my experience of the annoying old phrase "you only lose money when you sell". +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! + +One of the posters on here asked that I look into a podcast format for some of my personal finance content. I thought that was a great idea and so I’ve been recording episodes of The UK Money Podcast! + +In most episodes I cover a concept of investing or a type of tax wrapper or something, and I look to link this to things that are going on in the world. I also talk about news in the world of personal finance, specifically for listeners in the UK. + +I would love to know the kinds of questions you have and topics you’d like me to cover in the pod, so please let me know! + +Here is the latest episode on [Apple Podcasts](https://podcasts.apple.com/gb/podcast/the-uk-money-podcast/id1540841651?i=1000504085004), [Spotify ](https://open.spotify.com/show/06YWaIKKa7Nm5NZARFb2D2?si=uyIB4QUfTGafRsq4y8Bssw) and [Google Podcasts](https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xNDkxMjk1LnJzcw?sa=X&amp;amp;ved=0CAQQ27cFahcKEwjwlY3UlJHuAhUAAAAAHQAAAAAQAQ). It’s available on all your other favourite podcasts apps as well. + +RSS feed for those who’ve asked https://feeds.buzzsprout.com/1491295.rss + +UPDATE: Thankyou everyone for such a great response! I will definitely have to give a shout out to UKPF on the next episode! + +Cheers + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +After several months of demo trading, documenting, editing, testing, tweaking, rinse, lather, repeat... I have finally arrived at a system that seems to work for me. It is designed around a supply and demand strategy supplemented with 7 pairs of high-percentage candlestick patterns. As I transition to live trading, I'm taking small risks and rewards with a focus on execution. + +**Morning – Short USD/JPY (55 pips).** Began with the rationale that the markets will be driven primarily by negative media coverage. Lacking good news stories on stimulus or COVID-19 vaccine, I opened a short position on USDJPY after a failure to re-enter this morning (even if a little late to the party). Scaled in 2 additional positions as the price action crossed into what I identified as consolidation areas. Adjusted the SL to reduce risk and lock in profits as the price exited the zones with a total gain of 55 pips. + +[USD\/JPY](https://preview.redd.it/fnyp6gxpgqc51.png?width=960&format=png&auto=webp&s=35e3966ea533e6c925767907411325db1010dddf) + +**Evening – Short AUD/JPY (26 pips).** Keeping in mind the "second wave" of shutdowns in Australia, and the holiday in Japan (my read: ~~JPY markets are closed for holiday, and AUD sellers are stepping in; I think this explains the AUD downturn outpacing JPY~~ ). An extreme appeared to be in the process of reverting to the mean. Failure to enter the supply zone and a bearish engulfing candle at the H1 scale justified a short entry and defined the initial stop loss. Profit target was determined by projecting historical highs and lows to an intersecting point and drawing a horizontal line at the intersection (the blue dashed line) --- a bit arbitrary perhaps, but seemed to make sense. R:R approximately 1:1.5 at entry, total gain of 26 pips. + +EDIT: I learned yesterday that a better explanation for JPY strength is the reverse correlation to US markets. As US markets go down, Yen appreciates. + +[AUD\/JPY](https://preview.redd.it/1tc86l3cgqc51.png?width=1336&format=png&auto=webp&s=38d745aca581eb77f9ab1a6fd3680ee4d6ded062) + +The journey begins... +Just wondering why most people decide to stick with Forex when it seems much easier to make consistent money trading Futures, especially as a daytrader/scalper +So someone advised me to remove every trading indicator on my charts around 2015 and I would still go back to using trading indicators if I got frustrated with my trading for the next 2 years. + +It's been a full 4years now that I've totally abandoned indicators and just make my trades based off of clean charts. My decision making process is more clearer and I'm more calm (which is of paramount importance when you're trading) has drastically improved. + +Thus from my experience trading indicators just delay your progress, and yes they useful when you're still finding your way around your charts but they become a crutch in the long-term. + +Obviously the gurus and snake oil salesmen won't tell you because they stand to benefit from your fear/ ignorance and always hoping to find the holy grail 🙏🏾 + +Let me know how your experience has been if you have also made this connection +Just wondering why most people decide to stick with Forex when it seems much easier to make consistent money trading Futures, especially as a daytrader/scalper +**SO** + +This weekend, Sunday Dec 4 is the "Italian Referendum", a much hyped vote being put to the Italian populace concerning a large amount of varied and confusing proposed changes to the laws and constitution of Italy. In the "news", this referendum has been pounded with as much drama as is needed to get clicks. Here at /r/Forex, we recognize that these drama generating tactics will obscure what is likely the reality, so we wanted to give you a heads up on what to expect. + + +The short version is that the current Prime Minister Matteo Renzi and his center-left Democratic Party are pushing a bill to amend the Italian Constitution to allow for more centralization of Government. The Italian Gov't is very decentralized, and has been so since WWII, a response to the conglomeration of power that Il Duce Mussolini sought for a strong, centralized, Fascist government. Beyond this, it gets confusing, muddy. Basically, there is a push to make the power shift from the provinces to the center in Rome. Mr Renzi has stated that these reforms are necessary for the well being of Italy, and that he will resign if they are not passed. [If you want your eyes to glaze over read the wiki page.](https://en.wikipedia.org/wiki/Italian_constitutional_referendum,_2016) + + +Where "Italexit" comes in is here: ***Theoretically*** (modified thanks to information from /u/Cmossensor and /u/enivid) + +* A "no" vote brings Renzi's alleged resignation. If he resigns, there is likely some sort of temporary government which may compromise on some issues. There is fear that this paves the way for a "right wing" (see discussion below), nationalist, Eurosceptic party called the "5 star Movement" (M5S) to come in to power. They have leaders who are vociferously anti-bank, also anti-EU and (important for us) anti-EUR (many, including Beppe, have advocated for a return to the Lira). + +* A "yes" vote paves the way for M5S to run on a strongly Pro-Italy, Anti-EU platform in the next general election and move to a larger representation in power; this gives them the advantage of having an already reformed constitution that has centralized power. + +However, leaving the EU is not as easy for the Italians as the media has made it out to be. + +[There is a great analysis here at Business Insider as to why;](http://www.businessinsider.com/italian-referendum-leaving-the-eu-italexit-2016-11?r=UK&IR=T) I'll quote the key parts: + +> Morgan Stanley staff members Daniele Antonucci and Phanikiran Naraparaju point to Article 75 of Italy's written constitution, which enshrines the fact that Italy cannot hold a referendum on anything related to international treaties: *"A general referendum may be held to repeal, in whole or in part, a law or a measure having the force of law, when so requested by five hundred thousand voters or five Regional Councils*. ***No referendum may be held on a law regulating taxes, the budget, amnesty or pardon, or a law ratifying an international treaty."*** Membership of both the European Union and the euro, are by definition international in nature, and as a result, for Italy to give its people a say on leaving either, the constitution would have to be changed. Obviously, that is no easy task and would require a strongly eurosceptic government with a serious will to leave the EU. + +The bold is the key part. BI's analysis: + +> This is the chain of events Naraparaju and Antonucci think needs to happen for Italy to drop out of the EU (emphasis ours): "So, the bar for leaving is high and the chain of events much longer than, say, for the UK to leave the EU. In Italy, a Eurosceptic party would **have to win an election with an absolute majority and then set in motion the exit process after having changed the constitution with a two-thirds majority in both chambers or 'just' an absolute majority followed by a referendum.** As Eurozone membership is indissolubly linked to EU membership, leaving the EU would also automatically mean leaving the EMU." + +**The TL;DR:** It's simple: + +* 1) Italy is not leaving the EU this Sunday +* 2) Close out your trades this Friday, or get small positions/low leverage if you just have to be in. +* 3) Expect volatility on Monday +* 4) The mods here at /r/Forex give our usual speech in light of big events: *don't fucking gamble with your accounts; this is not a casino.* For those of you trying to duplicate the ~~success~~ **luck** you may have had with both the Brexit vote and the US election, remember that this vote comes on a Sunday... so you won't be able to modify your position for several hours after the fact, *and* you will be doing so in the Asian market, not the most liquid of markets. + +More feed back is appreciated from those of you who study this. But those of you wondering "which currency to buy" just don't - margin req's are going up (again...sigh) in the US for this weekend due to amateurs and silly gambling streaks. + This is a trading plan based on years of experience. Trial, error, gains made, money lost, shock and realization that anything can happen in this market. Understanding when I am in sync and understanding when I have no pulse on the market. Some may call it an art, others an instinct, I just call it being true to myself. I can’t explain every detail to participants as that would be relative to explaining quantum physics to a three year old, or me for that matter as I know nothing of quantum physics. I pride myself on Knowing that I don’t even know what I don’t know. This is my plan, and I do call it my plan because you cannot see what I see, think what I think, act as I act, nor could I do those things as you. I offer it to participants for two reasons; First, the universal law of attraction: whatever you release, speak, and think, the universe will create a unique vibration, positive or negative and that vibration will return to us in kind. I have had for over a decade above all a desire to be a full time Forex Trader. If I can help enough other people reach their goal through trading then maybe I too can reach mine. Second, to help others overcome what I have discovered, that is the solitude of this profession. I am not just speaking of the hours of screen time all alone, looking at charts with nobody to bounce ideas off. But also the end of the day or end of the trade where your best friend, spouse, significant other, children; have zero idea what you are talking about. For those reasons I share with you my trading guide. +***Fibonacci*** **Pivot Strategy** +The *Fibonacci* pivot Strategy is trading strategy that combines the use of both the popular *Fibonacci* sequence and pivot point to trade forex. They are decisive points on charts where the price action may witness strong support or resistance and indicate a market reversal or if knocked out of order it can signify strong moves. +I combine it with a secondary set of support and resistance indicators called Murrey Math based on Gann Principles. WD Gann, was a finance trader who developed several technical analysis methods. Gann market forecasting methods are based on geometry, astronomy and astrology, and ancient mathematics. Don’t stress, as long as your indicators are right you don’t need to understand the entire education behind it, just as a baker doesn’t need to understand microbiology to make bread or a brewer to make beer (which I do know something about). +Finally I add in fundamental analysis into my strategy to have a true big picture of what markets are likely to do. +**Murrey Math** is a complex set of support and resistance levels that act more or less the same as pivot points but also they provide some insights whether the current trend should continue or it should reverse. +**Fundamental analysis** is a way of looking at the forex market by analyzing economic, social, and political forces that may affect the supply and demand of an asset. +**How to trade Fibonacci Pivots** +**Fibonacci Pivot Strategy & Price Action Trading** +Price action occurs as a result of the operation of the top players in the financial market like the central banks and commercial banks together with the very large speculators. These top players in the financial marketing rely on levels. The key players in the financial markets may use different strategies, indicators, fundamental analysis and much more, but at the start of the day to day trading or the trading period theyconcentrate on, they basically watch out for one particular thing on their chart which is the price levels. They watch the levels at which they have firm price that is likely to react, and levels at which they have decided to enter or exit the market. The top players in the market concentrate mainly on authentic **price levels,** instead of on the indicators or financial systems. A more detailed description of these levels: + + +**Periodic Highs and Lows** +This indicates the highs and lows attained in the preceding period. For instance, you may plot the preceding week’s highest and lowest price point attained, looking forward to a reaction at these farthest levels. +**Support and Resistance Levels** +This can be planned in the future, depending on where price previously establish either support or resistance with candle formations for confirmation. +**Round Numbers** +These means larger price levels culminating in zero, for instance 1.5150 and so on. Very influential levels at which to anticipate a reaction, and once more, we can plan them across FUTURE price levels, contrary to a few form of lagging indicator. +**Pivot Points** +The pivots are not commonly utilized by retail traders and this is a tragedy. It is very beneficial if you know how to use them especially for the higher timeframe. Pivot points help to divide the present period into levels based on the preceding period’s price extremes. It is related to Periodic Highs and Lows, but plots the different intermediary points where price can be anticipated to react. + + +**I am not trying to lose you here, just make you understand there are depths to price action. Follow these guidelines to start.** +Zones 61-100 are often areas where swings fail and you can counter trade or trade with the trend. Pivot trading works in either direction, I suggest for beginners to determine the trend based on a minimum of a daily chart, and trade in the direction of the trend. There are other advanced methods of choosing direction based on swap costs etc… but that is not for today. +Weekly Pivots are equilibrium, creating for me a road map of support and resistance. The best trades are at S/R 61-100 levels, however trades can be made above or below WP, again with experience. I like to enter the market with stop and limit orders but I will enter market orders if timing and price action are right. +The market rarely moves strait up or strait down and so this strategy works a majority of the time. A kin to driving down a road and following the signs, however the market frequently decides to divert from the path and we need a larger view to see where those areas might be, since we are entering in the opposite direction of a break out. Draw down will happen with this strategy but with Murrey Math levels we may be able to mitigate some. + + +**Murrey Math** is a complex set of support and resistance levels that act more or less the same as pivot points but also they provide some insights whether the current trend should continue or it should reverse. I consult these areas of support and resistance to confirm a trade or determine if a break out has actually occurred and if so where the next area of support and resistance may be. Below are a quick and dirty set of guidelines I use. +**Murrey Math Guidelines** +**8/8 th's and 0/8 th's Lines (Ultimate Resistance)** +These lines are the hardest to penetrate on the way up, and give the greatest support on the way down. (Prices may never make it thru these lines). +**7/8 th's Line (Weak, Stall and Reverse)** +This line is weak. If prices run up too far too fast, and if they stall at this line they will reverse down fast. If prices do not stall at this line they will move up to the 8/8 th's line. +**6/8 th's and 2/8 th's Lines (Pivot, Reverse)** +These two lines are second only to the 4/8 th's line in their ability to force prices to reverse. This is true whether prices are moving up or down. +**5/8 th's Line (Top of Trading Range)** +The prices of all entities will spend 40% of the time moving between the 5/8 th's and 3/8 th's lines. If prices move above the 5/8 th's line and stay above it for 10 to 12 days, the entity is said to be selling at a premium to what one wants to pay for it and prices will tend to stay above this line in the "premium area". If, however, prices fall below the 5/8 th's line then they will tend to fall further looking for support at a lower level. +**4/8 th's Line (Major Support/Resistance)** +This line provides the greatest amount of support and resistance. This line has the greatest support when prices are above it and the greatest resistance when prices are below it. This price level is the best level to sell and buy against. +**3/8 th's Line (Bottom of Trading Range)** +If prices are below this line and moving upwards, this line is difficult to penetrate. If prices penetrate above this line and stay above this line for 10 to 12 days then prices will stay above this line and spend 40% of the time moving between this line and the 5/8 th's line. +**1/8 th Line (Weak, Stall and Reverse)** +This line is weak. If prices run down too far too fast, and if they stall at this line they will reverse up fast. If prices do not stall at this line they will move down to the 0/8 th's line. +The ***Fibonacci*** pivot Strategy is trading strategy that combines the use of both the popular ***Fibonacci*** sequence and pivot point to trade forex. They are decisive points on charts where the price action may witness strong support or resistance and indicate a market reversal or if knocked out of order it can signify strong moves. +**Fundamental Analysis** +Fundamental analysis is a way of looking at the forex market by analyzing economic, social, and political forces that may affect the supply and demand of an asset. It’s Economics 101, it is supply and demand that determines price, or in our case, the currency exchange rate. The hard part is analyzing all of the factors that affect supply and demand. You have to understand the reasons of why and how certain events like an increase in the unemployment rate affects a country’s economy and monetary policy which ultimately, affects the level of demand for its currency. The idea behind this type of analysis is that if a country’s current or future economic outlook is good, their currency should strengthen. Fundamental analysis combined with pivots can give us a strong edge on the direction a pair will move. +**Psychology of Trading** +Everything I have talked about so far is minutia; it can be learned on a demo account over time with guidance and online resources. Please, if you are new to this UNDERSTAND this, Psychology of trading, discipline, thinking with a clear head when your account is up, and staying calm when your account is down, when to react to surprises and when to sit on your hands, it CANNOT be taught. I repeat IT CANNOT BE TAUGHT only learned. It’s typically several expensive lessons, and you will pay for the education. It’s also a lesson that never ends, you can be a master at this and still have your head dig you a hole that was unnecessary to dig. Read all the books you can dig up, watch all the videos you can find, they will help, but you will only truly learn through experience at this. Good luck and god speed, may the force be with you, and may the wind be always at your back and the sun upon your face. This is the single most important realm of trading. +**Money Management** +This is the second most important realm of trading. Also not something I am going to dive into too deep because this is also highly personal. I use only catastrophic stop losses if I set them at all. I have a number in my head based on my account balance and that is the place that I will take a loss if support and resistance, fundamentals and price action says so. What I won’t do is enter a trade 10X to be stopped out after a 20pip hiccup 10X only to have my target hit several hours later. That is not how the market guides me. I will tell you it takes a might of psychological fortitude to do what I do the way I do it. I will give you this guideline, if you are going to trade this path, be prepared to give a 80-100pip stop loss and manage your position size accordingly. I enter the market in areas, which means not all at once. Small portions of my maximum position size at different prices in my area of interest. +Example: Max Position= 1 Lot. +.10X10 scattered over an area of Support or Resistance= 1 lot. First entry and last entry could be 30-50pips apart. +I should also cover risk reward ratio here. Many will shake their heads at me. I am willing to risk 10% of my account on one trade IF necessary, meaning if fundamentals, price action and pivots indicate a hold. My reward is as much as the market will give, which is based on pivots, fundamentals and price action. Entries and targets are both determined in the same way; Areas of Support and Resistance, Fundamentals and Price Action. +**GOALS** +What I can recommend here: Do not set daily goals, it creates too much pressure. My goal is 10% of my original account balance per month until my account balance grows to 100%. Then I withdraw a quarter of my account balance. The 75% return is now my account balance and becomes my new base for monthly 10% growth goal. *"Not all those who wander are lost." - Tolken* +Greed got the better of me. I was sticking to my plan, then one day I caught some good profits on news. I went for another move today during news to try to finish up the challenge, then I took a huge hit and lost the account in 30 mins. That's what I get for being an idiot. Don't deviate from the plan boys. + +Been going in circles trying to apply for a credit card online. Have to call their hot line and going into branch getting nowhere. Just venting and seeing if anyone else has the same issue +**DONT SELL AMC AND GME TOMORROW WHATEVER THE PRICE IS!!!!!!** + +Hedgies are trying to trick us in selling for way too low prices! + +SHARE PLS! + +Erwin + +[https://youtu.be/E0ItHHq0GSQ](https://youtu.be/E0ItHHq0GSQ) + +[https://www.reddit.com/r/Wallstreetbetsnew/comments/nloob6/hedgies\_are\_intentionally\_pushing\_amc\_stock\_to\_50/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Wallstreetbetsnew/comments/nloob6/hedgies_are_intentionally_pushing_amc_stock_to_50/?utm_source=share&utm_medium=web2x&context=3) +In a lot of the GME hype, people seem to forget that massive dips out of nowhere especially on good news days isn’t normal stock behavior. Lots of newbies who only own GME have probably gotten almost used to this happening. Hell, today GME got insanely bullish news that they’re opening up new locations and the stock dives off a fucking cliff after 250,000 shares are borrowed short. It makes me MAD that dips like this are so commonplace and just accepted now. This is CRIMINAL. People need to be in jail. I am numb to the dips as far as HODLING goes and I always have been, but now I’m starting to get angry each time it dips. 3:1 buy ratio? Dip. GME pays off debt? Dip. THIS IS WHY WE DIAMOND HANDS UNTIL THEY BLEED OUT. We have the chance to be stock market vigilantes and hit these criminals where it hurts if the government won’t lock them up. So after today, another day in the red after bullish news, I can sincerely say FUCK YOU ken and all the other stock manipulators. + +Edit: This is mostly just a vent post which apparently is relatable for a lot of you all. Just remember - be zen. Buy. Hodl. Vote. It will come with time. But don’t lose that fire inside - you will need it to Diamond hands the shit out of this thing. This is the way. +..every single ETH that goes into eth2 staking will leave the 1.0 chain for years. Not accessable. Like: lost. This automatically reduces the eth in circulation. Let‘s say 10 million eth are gonna staked. Means: reduction of 10 million eth inside the system. Or am I missing something? +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! + +Welcome to the Weekly New Projects Discussion thread of /r/EthTrader. + +* Introduce your own new project within the Ethereum ecosystem +* Vet/share/discuss new projects you come across +Don't know if this has been posted before, but if you're cold when you go to bed you might want to read this. + +Most people don't know how to prepare their bed for winter. If it gets cold enough to see your breath indoors and you shudder at the thought of getting I to your cold bed then you might want to take an extra blanket and cover the mattress before putting a sheet over it. I recommend wool blankets. If you have fleece bedding then by all means use that, otherwise cotton will work just fine. + +The rest is easy because everything you put on just stops the heat from escaping, but with a wool blanket under your body you will not get onto a really cold mattress. + +This has helped me in some tough winters. This and a hot waterbottle. Damn those things are amazing. +Do you like Big Kahuma Burger 🍔 ,do you dream of dancing to You Never Can Tell by Chuck Berry 🕺 ? If yes then This coin is for you + +Head down to Jack Rabbit Slims and load up on some 5 dollar milkshakes 🥤. Alleviate your worries about being rugpulled, honeypotted or scammed. Join us on this wave before its passed. Easy 10x - 100x for early investors. 🚀🚀 The token is starting under $500MC, get in and hold if you’re smart. Or wind up like Zed. 💀 + +&#x200B; + +🔥🔥🔥 Introducing the brand new BSC Token: $PUMPFICTION 🔥🔥🔥 + +&#x200B; + +&#x200B; + +&#x200B; + +This community driven, ownership renounced token will be your ticket to the movies for today to partake in the action packed, journey to 1 million market cap. Dont make me say it again, English mf do you speak it ?. THIS IS IT, THIS IS YOUR TICKET. 💎 + +&#x200B; + +MMmmmmhmhhhhh THIS is a TASTEY launch! + + + +Don't you hate that? + +Hate what? + +Uncomfortable silences. Why do we feel it's necessary to yak about bullsh\*t in order to be comfortable? + +I don't know. That's a good question. + +That's when you know you found somebody really special. When you can just shut the f\* up for a minute, and comfortably share silence. + +&#x200B; + +So shut up, load up and enjoy the ride. + + + +💎RENOUNCED OWNERSHIP + +💎CONTRACT VERIFIED + +💎UNRUGGABLE + +&#x200B; + +&#x200B; + +100% Liquidity BURNED + +&#x200B; + +Contract: 0x14534999da89b5db2fbc109df09611a92dbf6a3f + +&#x200B; + +Renouced ownership : [https://bscscan.com/tx/0xbac9d6e8fa867b7938f04a6d3e9eb1b17c66d7cc7ffe9d50f6b57d13e9668d04#eventlog](https://bscscan.com/tx/0xbac9d6e8fa867b7938f04a6d3e9eb1b17c66d7cc7ffe9d50f6b57d13e9668d04#eventlog) + +&#x200B; + +Telegram: [t.me/pumpfictionbsc](https://t.me/pumpfictionbsc) + +&#x200B; + +PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x14534999da89b5db2fbc109df09611a92dbf6a3f](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x14534999da89b5db2fbc109df09611a92dbf6a3f) + +&#x200B; + +BscScan: [https://bscscan.com/address/0x14534999da89b5db2fbc109df09611a92dbf6a3f](https://bscscan.com/address/0x14534999da89b5db2fbc109df09611a92dbf6a3f) +I tend to just work, sleep, eat, and maybe watch a show or two (essential worker). I do not have the financial nor emotional budget to handle other people (even though I would want a relationship/friendship). In fact, the majority of what I do is based on the hope of one day having a relationship and friends that I care about. I just don't really put myself out there and now things feel much more chaotic. It feels like 2020 will be completely lost as far as social progression goes. + +How about yourself? +Earlier today Texas Senator Ted Cruz took a stand in favor of crypto currency. + +In a world full of unlikely heroes I'd like to say thank you to the **Zodiac Griller** + +[You're welcome](https://preview.redd.it/lq180bdri2g71.png?width=440&format=png&auto=webp&s=d42178d839c7eeb41dd3c73fafcda2733218b4fc) + +Here are the tweets! + +https://preview.redd.it/cilfk9kvi2g71.png?width=817&format=png&auto=webp&s=02ededb17e865fbda1292704f47104feec88ac9f + +https://preview.redd.it/gtqbjityi2g71.png?width=817&format=png&auto=webp&s=80c617788488898e29f6f0be33f5d1c902d4acfe + +Keep doing your part! and vote in the polls! +I want to discuss a few things, just for the sake of maybe helping someone. Maybe just to help one person who reads this. In this post, I want to discuss ego, stop losses, the concept of big winners, and the concept of adding to losers. These concepts all tie together in a pretty neat way once you understand how self-sabotage begins and ends with all of these things. The only way to blow up your account is to be on the wrong side of one (or multiple) of these concepts. + +If you're a day trader, even a total novice, you're probably familiar with all of these concepts. And if you've been doing this a while, chances are you've chased big wins and added to losses. Chances are you've ignored a stop loss or two, or blown up 9 accounts by ignoring stop losses altogether. + +One of the biggest issues I see among fellow traders, and one that I've really stayed away from at all costs, is adding to losers. This is a commonly discussed problem, but it's one I wanted to flesh out in my own words. + +**Big Winners** + +Let's start here. + +Note: I'm going to speak with sentences containing the word "you", but I'm talking to myself just as much as I'm talking to whoever's reading this. + +You will have big winners. Eventually. And, if you're doing things right, repeatedly. *But you don't get to choose when your big winners will come.* I consider the previous sentence a cardinal rule of trading. You do not get to choose which trades will effortlessly go your way for 10R. You do not get to choose which trades will gap up and fade nonstop all day without stopping you out. You do not get to choose which stocks will run parabolic six hours in a row and end up netting you a 215% return. You do not get to choose which stocks will respond well to catalysts and which will not. You do not get to choose which stocks will be in favor during a given week. You do not get to choose which meme stock is going to the moon this month. And you do not get to choose how far each stock will move based on a "hunch" or empty hope. + +In other words, do not put on big trades chasing that big huge win. Because you're "more confident than usual", or "the setup is perfect"... or, even worse, because you "need a big win." The market is most likely going to punish you for that (even if it rewards you first, which is a very painful trick the market can pull on us sometimes). It has punished me numerous times for that kind of thinking. More often than not, my big wins come when I do not expect them to. In fact, a lot of my big wins are on setups that don't even make sense as to why they became big wins. They just... keep going and going, for no apparent reason. + +I'm not going to tell you you can never increase your risk on an unusually high-confidence setup. That's up to you and your money management rules. What I'm saying is, do not let your ego demand big wins. This is an ego problem. This is your ego telling you "this is the one, and we're not taking no for an answer." That's terribly dangerous thinking. Don't think that way. + +Just make yourself available to good trades, and manage them according to your rules. I promise, even with conservative rules, some trades will surprise you. Sometimes a trade will just effortlessly go your way for multiple times your risk (multiple Rs), and never even tease your stop loss the whole time. Be happy about it, but don't expect or demand it. + +**Why, specifically, you should not chase big wins** + +Here is a list of reasons you should not demand big wins from the market: + +\- This kind of thinking inherently produces emotions. For the entire duration of the trade, you are trading with emotion. That's rule number 1, broken from the second the trade is opened + +\- You will hold too long + +\- Or, you will sell too quickly because you're panicking over the awful position you've put yourself in + +\- You will ignore your stop loss (or worse, not even consider one) + +\- You are not trading by your rules when you're chasing something abnormal. Trading without rules is suicide, and chasing "abnormal" is also suicide + +\- You are more likely to average down on losers when you're chasing a big win + +\- Big losers (which this will often produce) will just wreck you emotionally + +\- You will ignore any and all evidence that you are wrong, because your ego is telling you "this is the one - you can't be wrong" + +**Adding to losers** + +So let's dig into why, in my opinion, we should almost never add to losers. + +Let me first say a few things that I see as fundamental truths, to lay a foundation: + +1. This is not investing. You don't add when the stock is "on sale." The entire point of a trade is that you get a trigger, the stock moves your direction immediately (or soon), and you have profit targets based on the structure of the market. In investing, your goal is to amass stock as cheaply as possible, just because it's cheap, and hold onto it. In trading, your goal is to take a trade *right now*, **based on a trigger or a setup**, and figure out whether you were right or wrong quickly. +2. In investing, there is a thesis for your investment. A specific set of reasons why you bought the stock. On THIS point, I see trading the same way. My trade has a thesis. With multiple specific reasons why I took the trade. In investing, if your thesis is broken, you should sell the stock now - no matter what the current price is. Because your plan did not come to fruition - period. Things have changed and there's nothing you can do about it. In trading, if one or more of the reasons you took the trade falls apart, then your plan did not work. There's no point in hoping - the trade did not work as you planned on it working. It's as simple as that. +3. If, however, your plan *specifically* involves taking a starter position and then adding as the trade builds confidence or shows more positive signs - then you have a good reason for adding. Only if your plan very specifically calls for adds upon certain conditions being met. I don't prefer to trade this way, but I know people who do. And it works for them. + +Now, we all know that it's hard to accept being wrong on a "perfect" setup, or on a huge volume gapper, or on your favorite stock. We all know it's hard to accept being wrong when there were 15 different reasons why the trade looked perfect. + +But trading is not about pulling what you want out of the market. It's not just about being right. 90% of trading success comes from being effective at admitting that you're wrong. You will never be successful as a trader unless you're excellent at admitting when you're wrong. That's a guarantee. You can lose 6 months (or more) worth of profit in ONE DAY if you are bad at admitting when you're wrong. All it takes is one bad trade - just ONE - to completely ruin your equity curve. To set you back months. (Or even just to set you back 3 days - which is itself an unnecessary tragedy.) + +Just use a stop loss. + +Because here's the thing. + +If you really have found an excellent trade, and the trade doesn't immediately go your way - the chances are pretty good that you'll get another trigger. Another reasonable, useful entry. The chances are pretty good that you'll see another consolidation period, or another definitive break, or another rejection of the previous level. + +You must be willing to say to yourself "ahh, ok... my timing wasn't perfect. And that's ok. Perhaps if I keep watching, my timing will end up catching the real move." You have to be okay with taking that chance, and you have to be okay with missing it if you don't get that extra opportunity. If you go long above a tight consolidation area and the trade immediately reverses below that consolidation area - you were wrong. There's no other way to say it. The trade did not work the way you expected it to, and there's no reason to act like it did. Remember, this is not a reflection on YOU or your skills necessarily. Maybe it was a fakeout. Or, more commonly, it's just the chance you take with trading - sometimes the trade doesn't work, and you must be okay with that. You must be. + +I know a guy who trades large sums of money. A guy I talk to and trade with all the time. He has a habit (in my opinion a bad one) of getting in on the "front side" of a trade. Anticipating what the market will do next. Now, he's a sophisticated trader - so he can get away with this. He has a good feel for the market. He's professional. + +But that does not mean he is perfect. I have an example to share. + +This gentleman once took a trade on a big gap day with tons of obvious momentum. The setup was about as high quality as you can hope to find. Everything seemed to be lining up. So he got in on the front side of a trade - waiting for the pullback and continuation. And then it pulled back further. And further. And he kept adding. He added and added, WAY beyond the point of what would have been a reasonable stop loss. Like, egregiously far beyond what would have been a useful stop loss. + +He added and added, and refused to be wrong. Refused to get out and wait for a new trigger. Just demanded that the market give him what he wanted. + +At some point in all this, you'd think he'd say to himself "ok, I was definitely wrong - the setup was NOT perfect. The momentum is clearly gone." But no - he kept lying to himself, saying the momentum was still building for continuation. Kept saying to himself "the buyers are just waiting for the right moment." + +Watching a professional trader succumb to such overwhelming ego problems and rule violations is painful. It was hard to watch. It made me cringe. + +By the end of this adding spree, this ego fest, he ended up $90,000 in the red. Ninety thousand dollars. Months worth of gains. On a DAY trade. Not a swing trade. + +He held and hoped and beat himself up... and by the time the trade finally began going his way (by pure luck), he was too exhausted to hold anymore. He locked in $10,000 profit and walked away for the day. + +Let me shorten that story: I know a guy who risked $90,000 to make $10,000. And he was miserable the entire time. + +I can tell you right now, you are not going to be successful in trading with those kinds of odds. You will lose your life savings with those kinds of odds. And you will die from stress. + +Now what would have happened if the trade had gone even further against him? And it hadn't ended up giving him his money back? He easily could have lost $120,000 on this one trade. A DAY trade. Something that should have only taken ten minutes. + +On the other hand, what would have happened if he had accepted the loss at, say, $40,000? Well, chances are he would have gotten a decent trigger on the reversal. And if he had taken that... who knows. Maybe he'd have made 20, 40, 60 thousand dollars as the trade finally worked. Think about that - he could have still had an excellent trade no matter how late he got out. All he had to do was get the hell out. + +So what does this mean for us? It means that, if you trade this way, you are statistically guaranteed to fail. + +He got lucky. Very lucky indeed. (Or perhaps he got unlucky - because his horrendous failure to control his own ego actually ended up getting rewarded and reinforced. That may end up harming him more than helping him.) + +Let me put it this way: if you are in the habit of "averaging down" on day trades, there's going to come a time when you get burned very, very badly. It's not a question of if... it's a question of when, and how badly. And of how badly it's going to destroy you emotionally and financially. Even if you have 27 winners in a row using this tactic, and listening to your ego, eventually the market is going to humble you. Eventually it's going to take your averaged-in money and run the other direction. It's a mathematical certainty. + +And I guess my point is, it's simply not worth the risk. No amount of gains, or of ego reward, is worth emotional and financial ruin. No trade is worth violating cardinal rules. No trade is worth giving away months and months of gains for. There is no trade that is good enough for that risk. + +**Stop Losses** + +Just use them. + +Stop losses, to me, are an answer to the question "where am I no longer likely to be right?" Or "at what price are the odds no longer in my favor, because the momentum that I thought was present is clearly not present?" + +Sometimes the market will fake you out. Sometimes the market will be manipulated against you. Sometimes your stop will get tagged by pure bad luck and the trade will immediately work. And these are hard to accept, but... if you're a good trader, you're going to succeed even with these unfortunate things happening. (Hint: something I do that helps is I set my stop losses a few cents across obvious stop loss points. I calculate this as part of the actual risk on my trade. And this INCLUDES breakeven stops at my entry point. Trust me - the market makers know where people jumped into breakout trades, and they will bring the price *precisely* back to that point very often as a way to tag people out.) + +I know that some folks prefer mental stops. If you're disciplined enough to use them, and stick to them, more power to you. You know, some people like to wait for a 5 minute candle to close over their stop loss or what have you. And if that works for you, great. + +But you MUST have an "oh shit" stop loss on every trade. You must have a hard stop that you absolutely will not violate under any circumstances. High of day, low of day, 10%, 300 dollars, whatever it is. And if you're going to walk away from the market, you better make damn sure that thing is set. In the time it takes you to walk away and take a piss, the market could tank 7% and you could be left holding a bag that didn't even exist 60 seconds ago. Don't let that happen to you. Don't let the market make you say "oh shit." + +This post has been a whole lot of my opinion. I am by no means the keeper of trading wisdom. There's plenty of room for discussion here, and maybe there are places where I'm wrong or unjustly critical. But I hope the direct, practical nature of this post will help somebody take more firm control of their trading. These ideas have certainly helped me. + +**TL;DR:** Use stop losses. Don't demand big wins, because you don't get to choose when they come. Control your ego. Don't add to winners if the thesis of the trade is broken. +I love Ethereum however I think there is needed some competition and there will be some competition. I think it will work similar like Bitcoin and Litecoin. For example there could be "The main blockchain/Ethereum" and some smaller Blockchains in terms of market cap. I don't see use for Litecoin but it was possible to get some good profit if you knew when it was cheap and when overpriced. +. +1) First ICO was for QTUM and raised $15.6 m in 117 hours. +2) Second ICO was for BOScoin and raised $12 m in 17 hours and $3 m at Pre-Fundraiser. +3) Third will be Tezos and there is no cap on the amount of contributions that will be accepted. I think it could get ~$50-$100 m during ICO. In terms of development it is maybe good but then it will be overvalued. +. +Probably main nets for these blockchains will be released approximately at the same time. I think until that moment Ethereum could increase in market cap and in near future these new blockchains will experience crash in price. +. +I think the best thing what could be done is just to stay with Ethereum. In this way: +- It will be possible to see which one of the new blockchain teams can actually deliver stable product and what actually they can do. It could be that one or two of these new ones will not be delivered at all or will be total crap... +- Buy them at much lower price after main net release because they should have crash and meanwhile Ethereum will go up. +. +Note: I bought small amount of QTUM and was thinking to maybe buy small amount of Tezos but at this moment it seems that it is better to stay out of 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! + +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 love making numbers and one of the numbers I run from time to time is how much it would cost me to buy a place to live in (I rent at the moment). + +Most of the costs I can figure out relatively easy (assuming of course a fixed price on the property, deposit, interest rate and years of repayment). But there is a very important cost that it always escapes my calculations: maintenance. + +Normally I look into units as I like living close to work (CBD), but I would also be curious about homes. Specifically i am looking at. + +1. **How would I find out what are the strata fees for an apartment**? I mean a concrete apartment, is that information public at all? can i get an approximation? +2. Same goes for **council rates**. +3. In the case of houses, I have read sometimes to assume 1% of the price of the property per year in maintenance, is this true? can someone share their own experience? + +EDIT + +Thanks a lot for the responses regarding units (strata, body corporate, council rates...) can anybody share some knowledge regarding the costs of maintaining a house? + +Thanks! +Hi everyone, + +First off, this isn't an attempt to garner downvotes for contrary opinions. I'm keen to hear from people who got into the property market at any stage about how you did it. + +The main motivation here is my discussions coming off this comment I wrote yesterday mocking ['Steve from Bundoora'](https://www.reddit.com/r/australia/comments/i7e0h6/essential_poll_australians_more_worried_about/g11opig/) and his ability to get into the property market through obvious advantage. So, here are my questions to you: + +- When did you first buy a house +- Rough location (no need to be too specific, it is the internet) +- Was it a PPOR or an investment +- What financial assistance (if any) did you have +- What's your opinion on the housing market now for those looking to buy in? + +That's it! I know there are varying opinions here, but I'd love to hear from people who are in the market now, without a pile-on of downvotes. Happy to adjust questions if needed, thanks! +**ZACKS** + +**TLDR** + +* They make a ton of recommendations. Many products underperform the market +* Their annual Top 10 list did great in 2021 but not 2022, but you pay for it at $3600 per year. You can get a base subscription for $249/yr for just the stock screeners which is reasonable, though many are baked into Fidelity’s platform for free. +* Their stock screeners are great for finding stocks, especially the VGM and Zacks Rank #1 screener. But to do it right, you need to spend 5hrs a week on it seeing what’s new. + +Zacks offers a couple dozen different lines of stock picking services plus a few dozen different stock screens. It’s quite overwhelming actually, but also a bit addictive to pour through them to find some good stocks. I found most of their services don’t outperform the market or have so many stocks in them it would be a full-time job to buy and manage them. + +For most of the screeners, the time it takes to vet them and look at each of the 50 plus stocks in each is too much of a time commitment, but looking at the first few in the list gives some ideas of what is working.I started just looking at the recent additions to see if there were secular trends and that helped. + +I tried out some of their healthcare picks with mild success: I was going to share the names but the bots on here blocked them because they are under 300M market cap. One was bought out for 40% over purchase price. One went up 6X. Two fizzled down -70%. If you want the names DM me. + + +I did OK using the value, growth, and momentum stock screener but I really had to spend a lot of time separating out the good ones and figuring out what was recently added, which they don’t tell you. If you get them too late, the move has already occurred and you will likely see the stock correct quickly. + +A few gems I traded from their list around March of 2021 included SEM (health clinics), DAC (container shipping), BERY (financial), and MT (steel). My target was +100% for each and I made that within a year of buying for each. I bought options. HOLX was an exception. I lost -15% on that pick, though it was mostly due to the fact it soared high from COVID revenues and then sold off quickly as the vaccines rolled out. It’s since back to slightly above the purchase price. + +**Zacks Top 10 Stocks of 2021 -** their premium offering and associated returns. I did not buy all of these - only SPSC and PWR. But I did track them all in a watchlist. + +* **Percent Winner Rate: 90%** +* **Avg return: 48%** +* **SPY Return: 30%** + +AIMC (transmissions) 2021 +Return: -6% +Return To date: - 23% + +SPSC (supply chain mgmt solutions) +2021 Return: +31% +Return to Date: +15% + +APTV (vehicle parts) +2021 Return: +28% +Return to Date: -15% + +PWR (energy generation consulting services) +2021 Return: +64% +Return to Date: +107% + +IAA (online vehicle sales) +2021 Return: +46% +Return to Date: -41% + +WSC (storage units) +2021 Return: +72% +Return to Date: +84% + +Macy’s (clothing retailer) +2021 Return: +144% +Return to Date: +76% + +GDDY (domain registration) +2021 Return: +3% +Return to Date: 0% + +ZBRA (tech, sensors) +2021 Return: +54% +Return to Date: -7% + +ULTA (beauty stores) +2021 Return: +46% +Return to Date: +38% + +**For 2022’s top 10 stocks,** the advice has not been quite so good, but the year isn’t over yet. I didn’t buy any this year because I was short on the market, but I have been tracking the performance to see if they can match what they did last year. So far, not so good. + +* **Percent Up Since Rec: 20%** +* **Avg Return of Rec: -8.8%** +* **SPY Return: -10.3% as of time I drafted** + +&#x200B; + +**2. LEVELFIELDS** + +**TLDR**: + +* Event-driven alerts work and I like that the success rate is visible on the website +* There are a lot of alerts you can subscribe to, so it’s best to choose one of their lower volume, higher performing strategies to avoid opportunity overload +* It’s good at finding high shorter term returns with high success rates +* For the biggest companies (AAPL, TSLA, etc), my news alerts arrived faster. For those under 100B market cap, it's very helpful. +* Price is 228/yr but their emails of a big update seem to be hinting a hike is coming soon + +**Winning Percent: 79%** + +**Avg Return/Trade: 23%** + +I’ve been using an event-driven research system called LevelFields for about a year now. It was a little rough around the edges in the early days but has gotten much better over time. It’s good at identifying news events early that drive stock prices up and down, often from direct announcements from companies. It shows stock patterns following events, which is cool, especially for the negative events so you can see how far the stock will probably fall. + +They effectively filter the noise out of the news and just focus on a couple dozen event types that really shake stock prices: hedge fund investor moves, layoffs, shorts, FDA approvals, leadership changes, Amazon new product launches, and a couple dozen other types. Unlike the technical pattern alert systems out there I’ve seen, it focuses on real news, which I like, as I feel pattern trading is often a lot like staring at clouds and making shapes out of them in your mind. + +For the big companies everyone watches, they don’t beat news alerts. But for the bulk of the companies you’ve never heard of or have forgotten about, it flags a lot of opportunities and companies on the rise. + +Most of the time I trade with the information. Sometimes I use it to find stocks for longer term plays. Like Zacks, they put out a lot of opportunities so any analysis here is going to be biased by what I’m choosing to act on. But they publish the success rate and show all past alerts so the past performance is embedded in the platform under each strategy, which is nice. + +The winning rates for their strategies range from a high of 90% to a low of 50%, with most in the 70% range. You can alter the outcomes by adjusting the filters for the types of stocks. I don’t like to buy commodities and microcaps generally, as the prices fluctuate too much on factors beyond the company’s control, so I filter those out. + +Lately, I’ve been trading on their layoffs scenario, which tracks companies firing people. If you filter for just expensive stocks that are firing people to grow earnings, you can get to 80% accuracy in price prediction. I’ve noticed some events cause the share prices to pop right away, so I often wait for the first selloff before entering the trade. + +**Here are the alerts I opted to act on and how they turned out**. I’m noting hold times since it’s not a buy and hold forever system though I supposed you could for some stocks. + +10.21.21 - Qualcomm. Return: stock rose +50% in 1 month. Traded options for +300% gain. +11.11.21 - Northern Gas (NOG). Return: +45%. I held for 5 months. +12.9.21 - CVS. return: +60% in 1 month (options) +11.18.21 - BLDR. Return: +67% in 4 days (options) +12.04.21 Signature Bank SBNY. Return: +16% in 1 month. I then traded a couple more times on it as it was doing well until the Crypto crash. It holds a lot of staked Bitcoin. + +12.6.21 Silicon Motion (SIMO). +25% in 2 months. Still like this semi and will buy back. They do memory chips and had been killing it. It was hard to find a cheap semi at one point but this one always traded at a reasonable p/e. + +12.9.21 Labcorp (LH): +8% in 1 month but I held it too long and exited down -10% due to covid rates dwindling and testing volumes decreasing + +12.15.21 - Broadcom (AVGO). Return: 0% Sold off when war started. +2.3.22 - Quest (DGX). Return: +50% in 1 month via option trade +2.15.22 - Upstart (UPST): Return: +30% on options in 1 week. I had owned this stock already and was trading it off and on for about a year.. + +2.17.22 Blocked by mod bots from showing: +50% in 2 days +2.24.22 - ALSN (Allison Transmission ). Return: +8% in 1 month +3.11.22 - Applied Materials (AMAT). Return: +4% in a week. +3.17.22 - Lockheed Martin (LMT): Return: +70% in 3 weeks (option trade on news Germany was buying planes) + +3.17.22 - CMC Steel. Return: +10% in 1 month + +3.31.22 - LGVN. Return: +20% in 1 day. +5.9.22 - TWTR. Return +100% on puts in 1 mo. This was the “Elon will back out” trade a big hedge fund was betting on, so I joined them. A short would’ve worked too. + +5.24.22 - Digital Ocean (DOCN): Returns TBD. Up 8% on equity but I’m selling covered calls for an extra 20% annually. I really like this company. It’s like a mini AWS that is more cost effective for small businesses. + +6.15.22 - Space company. +50% in two days + +6.24.22 - Digital Turbine (APPS). +31% in 2 months. I think this was mostly luck given the timing of the bear market rally. + +6.28.22 - Alibaba (BABA). -30% on options in 3 weeks. Can’t seem to get a break on BABA. + +7.14.22 - Pinterest (PINS). +30% on hedge fund moves + +7.27.22 - Mining company. return: -10% on option puts. Still puzzled why the stock is up. + +7.28.22 +4% and holding. They are one of the only medicines for monkeypox. +8.12.22 - Peloton (PTON). +10% in a day on its layoff news + +8.15.22 -3%. It makes solar cells in China and is growing revenues by triple digits. + +&#x200B; + +**3. THE FOOL** + +I resisted trying out the Fool for years because they wrote so many articles and ads touting their stock picks that I assumed they had to be full of it. But, when I had enough money in the account, I decided to try it out and see if they maybe could save me some time finding stocks early or if they were the cause of certain pump and dumps I was watching. + +**TLDR**: + +* They pick good, overvalued growth stocks but they don’t try to time the market at all because they want 5 year hold times, which can lead to big drawdowns while you wait +* I would’ve lost a fortune had I taken much of their advice. However, if you have a decade long time horizon and can stomach 75% pullbacks, the stocks they recommend will probably come out ahead +* They repurpose recommendations from different subscription tiers, often using lower tier recs to increase the returns of higher level subscriptions +* They make a lot of recommendations. It’s time consuming to keep up. +* Big range of prices from $100/yr to $5,000/yr and they upsell a lot + +They had a lot of subscription options to choose from that range from a hundred bucks or so a year to $5K per year. I signed up for a few of them, including their stock advisor, IPO one, and cloud innovators and small caps service. I should note that the lists they provide overlap enormously, so they clearly repurpose their recommendations and charge you more to get the same recs again and again. + +For the cloud services recommendations, I found they generally picked out solid growth companies (DOCN, DOCU, ESTC,etc) but too late, after the stocks were already richly valued. So I traded them instead of buying them. Below are the email recommendations they sent out I saved. + +**12/17/21 Buy Recommendations W/Subsequent Performance Since Then** + +Intel (INTC): -29% + +JFrog (FROG): -17% + +Procore (PCOR): -18% + +**12/14/21 Recommendations W/Subsequent Performance Since Then** + +Sell Cloudflare (NET). Return since: -41% + +Buy Autodesk (ADSK). Return since: -11.5% + +Buy Crowdstrike (CRWD). Return since: +1.12% + +Buy Docusign (DOCU). Return since: -52% + +Buy Ncino (NCNO). Return since: -35% + +Buy Twilio (TWLO). Return since:-66% + +Buy Zoom (ZM). Return since: -40% + +**I Tracked Every investment from their Small Caps Playbook List from January 2021. Here are their returns since then.** + +* **Percent Winners: 33%** +* **Avg return per rec: -25%** + +1. Redacted by mods -88% +2. Redacted by mods: +7% +3. Camping World (CWH): +20% +4. Flugenics (FLGT): 0% +5. Ad company (blocked by mods): -68% +6. Inspire Medical Systems: +14% +7. Blocked by mods: -34% +8. NCino: -48% +9. Blocked by mods: 0% + +I kept emails of other recommendations, though I admit this list is not complete since they only sent emails containing the rec half the time. The rest of the time they send you to their website to watch a 30-minute webinar of their picks in the middle of the work day, which was strange to me and defeated my purpose of saving time digging through stock screeners. I tracked from the next day’s opening price. + +**StockAdvisor** + +2.3.22 Buy ABNB. Return Since: -17% + +1.6.22 Buy Confluent CFLT: Return since: -59% + +12.20.21 Sell Healthequity. Return since: +38% + +12.20.21 Sell Biotech company (blocked by mods). Return since: -69% + +12.20.21 Sell Grand Canyon Education. Return since: +1% + +12.20.21 Sell Markel. Return since: +3.34% + +12.20.21 Sell Ollie’s. Return since: +41% + +12.16.21 Buy ROKU: Return since: -72% + +12.2.21 Buy DOCN: Return since: -48% + +10.7.21 Buy SHOP. Return Since: -70% + +10.7.21 BUY DOCN: Return since: -42% + +9.23.21 Buy UPST. Return since: -90% + +**IPO Trailblazer:** + +1.31.22 Buy Digital Ocean (DOCN). Return since: -20% + +1.31.22 Buy Confluent (CFLT). Return since: -51% + +1.31.22 Buy Roblox (RBLX). Return since: -25% + +1.31.22 Buy Docebo (DCBO). Return since: -36% + +&#x200B; + +**4. INVESTORS PLACE** + +**TLDR:** + +* Mostly recommend long-term, long shot stocks +* Best recommendations are free. Most paid recommendations are mediocre at best +* News is wrong sometimes +* They are good at spotting long-term trends in where the new money is flowing to, e.g. thematic investing (online gambling, EVs, rare minerals, etc). I derived value from seeing companies linked to these trends I may not have heard of otherwise. + +They make an obscene amount of recommendations across their blog and have many subsidiary newsletter services and promotional picks, so my tracking here is admittedly biased, as I only tracked what I ended up buying. Like Fool, they have a very long investing horizon and may end up being right…years from now. They make recommendations based on thematic trends, e.g. EVs, cybersecurity, etc. However, they also push recommendations based on events or news. + +I signed up for Matt McCall’s Investment Opportunities and followed their website recommendations. The newsletter divided up stock recommendations along long-term thematic investing trends like AI, 5G, EVs, online gambling, precious metals, crypto, data analytics, etc). + +Their basic principal is long-term investing along big emerging trends. There were about 50 stocks or so in the portfolio at any given time, but since they do long-term investing, many had been in there for years and they offered no advice on how to enter a trade they had entered 4 years ago. So I never did. + +Here are the ones they recommended as buys that I actually bought: + +**Pct of Recommendations Up: 27%** + +**AVG Return**: Not able to calculate this since I didn’t take advice to hold long term for most + +EV Maker. Return: -100% + +I purchased some call options in this EV company (name blocked by mods) because they made an announcement the company was a shoe-in to get an $8B EV supplier contract with the U.S. Postal Service. They claimed there were no other competitors that made EVs and therefore this would be a game changer for the company. I didn’t do my own due diligence, stupidly. A few weeks later, the award went to Oshkash, a defense contractor most known for making military vehicles. Oshkash[ partnered](https://www.caranddriver.com/news/a36826291/ford-supplier-usps-postal-truck/) with Ford on the contract to make the EVs. I lost 100% of my call options on this poorly sourced news piece. + + +7.15.21. Buy SWBI. Smith and Wesson: -40% since then. I sold it when there was a pop for breakeven returns after a shooting, which triggered an increase in price, sadly. + +1.4.21 Buy Chinese Pharma. Return: -48% + +The return here has not been good as of late but it was up and I’m holding anyway as this company is the gatekeeper for a lot of large Pharmaceutical companies (Novartis, AstraZeneca, Amgen) to get into the Chinese market. In my view, it was a good recommendation and was largely up until recently. + +1.21.21. BUY (Block by mod bots): Return: +100% or 0% Correctly predicted the stock would double. It did, then gave up 100% of its gains. Glad I sold it when it doubled. + +1.22.21 Buy ad company (blocked by mods). Return: -76%. My stop loss triggered at -12%. + +2.1.21 Blocked by mod bots (rare earth minerals company). Return: +32% This was a good pick. I actually bought on the rec and made about 50% from trading options and selling covered calls. I would not have known about this stock without them. I plan to buy it back at 25. They are one of the few providers of the rare earth minerals in every electronic outside of China. + +2.4.21 Buy ACAD - Acadia Pharmaceuticals. Return: -71%. Their report cited 30% revenue growth and a robust pipeline of drugs. Revenue is around 17% growth now. At one point it had doubled in value. I’m still holding. My lesson learned: trade biotechs, don’t hold them. + +2.5.21 Buy REDACTED BY MODS. Return: -60% + +Straight downhill since the recommendation. Touted as a cutting edge AI/Machine learning data analytics company I bought 100 shares. Revenues are up 50% y/y but I sold it in February 2022 for a -20% loss. + +2.10.21 Buy rare earth minerals company. Return: +69% + +Another good pick in a sector I knew nothing about prior to their recommendation. I have since sold it but was up +60% when I closed out. I will buy it again at some point when commodity prices have cooled. + +Feb 2021 Buy ILMN (Illumina - genetics company). Return since: -49% They pushed this stock hard and it tanked after each[ recommendation](https://investorplace.com/2021/08/ilmn-stock-will-be-unstoppable-once-the-grail-acquisition-gets-approved/), which made me believe it was a pump and dump job. I traded options on this one and cut losses -28%. + +2.19.21. Buy (blocked by mod bots) Return: -94% Thankfully stop lossed this one at -7%. + +Feb 26 2021 Buy FTCH (Farfetch 2nd hand clothing): Return: -85% I traded options on this one, using their[ recommendation](https://investorplace.com/hypergrowthinvesting/2021/02/farfetch-stock-buy-the-dip-in-ftch/) as the pump I dumped and made 20%. + +2.5.21. Buy (Blocked by mod bots). Return: -72%. Still holding. They offer sports gambling online and were growing revenues 75% y/ but it’s slowed to 16% growth. + +2.10.21 Buy online gambling co (blocked by mods). Return: -15%. Bought this one as the online gambling is doing well. We shall see. + +12.17.21 Buy NIO. Return since: -55%. I traded a few options on it but generally think EVs are overvalued and risky given the huge capital expenditures and exposure to macroeconomic issues. I ended up a few percent as I sold after an initial bump. + +&#x200B; + +Note: Wrote this a week ago and much of the recs I couldn't put in because of the mods banning discussion of them +I (24M) Got a higher-level job in the media field in another state (Rhode Island from NY). CC debt started accruing and just trying to get my shit together before making it worse or longer to get out of debt. Having trouble budgeting as whenever my girlfriend visits for a few weeks we go out often. I've got a subscription food kit service to lower costs of eating out but know I can lower it even more by learning to cook. I also haven't enrolled in my job's 403B with matching 5% just trying to clear this debt ASAP before doing so. Help? + +Monthly Income: $2930 + +Rent: $1250 + +Car: $200 + +Internet: $54 + +Electric: $30-$50 + +Gym: $30 + +Food (Meal Kit): $240 + +Eating out: $80 + +&#x200B; + +This is how my debt is spread. + +Card 1: (0% Interest for 10 more months) $3492.54 (Nearly full, lowering my credit score) + +Card 2: (16.24% Interest) $2,245.37 + +Card 3: (23.99% Interest) $1261.00 + +&#x200B; + +I've honestly thought about doing a weekend job or something to kill the debt quicker. I have no student loans or anything. I'm hoping to possibly go to Graduate school once I kill this debt. Help? +My wife is about to receive an $15,000 inheritance from a deceased relative that she was not expecting. We’re wondering what to do with the money (invest in an IRA, standard mutual fund, or pay against the mortgage). Below is our financial background: + + +-We live in Iowa. + + +-My salary is $119,000, with a 12% yearly bonus (adjusted for company performance, so after taxes around $7-8k). + + +-My wife’s salary is ~$50,000. + + +-So combined income puts us in the 28% tax bracket. Someday I could see us reaching the 33% bracket, but that’s gonna be awhile (we’ll never be higher than that unless tax brackets drastically change). + + +-We both contribute the minimum amount to our 401ks to receive the company match (8% in my case, 6% in her case).   + + +-We built a new house in 2015 for $389,000 (5 br, 3 ba). We have two mortgages, one with original balance $309,500 (30 year, 4%) and one for $58,000 (15 year balloon, 4.75%). The minimum payments come out to be $1660 and $302 respectively (the 1660 will probably rise to 2200 once full property taxes kick in). We’ll eventually need to pay more on the balloon so that the remaining amount doesn’t hit all at once at the end of the period, but we’re not too worried about it since it’s a much smaller amount (was notionally planning to just put my yearly bonus against it for the next 7 years). + + +-We just had our first child, and opened an Iowa 529 Savings plan. + + +-We have a $550 a month auto payment, but it’s a 0% interest loan for the life of the loan. + + +-We have a reasonable emergency fund stashed away already. + + +-One of our main goals is to eventually buy / build an even better house. Not talking basketball courts or bowling alleys or anything, but stuff like a theater room, bigger kitchen, etc. Right now houses like that around here are probably in the $500k range. + + +So given all this, I started researching what to do. + + +Option 1: Roth IRA / Backdoor Roth IRA + + +My initial thought was that it’s a no brainer to put the money in a Roth IRA. However, after 5 minutes of research I found that Roth IRAs have salary limits ($117k for single, $184k for married). While we don’t hit the $184k limit yet, I expect that within 5 years we would exceed the phase out limit. I also found that even while under this limit, the yearly contribution limit is only $5,500. Since we would only have ~5 years investing time while under the married limit, that’s “only” $27,500 that we’d be able to contribute to the Roth account before phasing out. + + +I then started reading about Backdoor Roth IRAs. This seemed like a good way to get around the salary limits, but there are a few problems. For one, you need to have a traditional IRA account to convert. Aside from our 401ks, neither of us have a traditional IRA account. After some quick searching it appears the traditional IRA also has a $5,500 per year contribution limit. So even if we went this more complicated route we’d be stuck putting the $15,000 into checking and only contributing $5,500 a year to the traditional IRA, then converting that to a Roth.    + + +Option 2: Traditional IRA + + +After looking into it a bit more, a traditional IRA might make more sense for us than a Roth, since we're already in a higher tax bracket (not really saving by getting taxed later). I haven't done a detailed spreadsheet yet figuring it out. Regardless, I was bummed when learning you can only contribute $5500 a year to this as well. So again, we'd be stuck putting it into checking now, then contributing the $5500 the next 3 years. + + +Option 3: Pay against the balloon mortgage + + +This was actually what we assumed we’d do before thinking about investing. However after using some online calculators, the total interest of the $58,000 loan is “only” $23,206, for a total loan cost of $81,206. Since the $15,000 would really only help us pay off the loan 2 years earlier (6 years instead of 8 years), it doesn’t really seem worth it. I haven’t done the math to figure out what 2 years’ worth of interest is, but my guess is not really that much. We’d probably make more investing the money in anything than we would save in interest payments. + + +Option 4: Mutual Fund + + +My old manager at work advised me to simply invest the money in a decent mutual fund (Ex. something based of S&P 500 or Berkshire Hathaway). His reasoning is that in his personal experience he’s found it nice to have more liquid sources of cash. He felt like he has all this “wealth” locked up in his 401k, but when big events happened (daughter’s wedding, etc) he sometimes felt cash poor. To be honest I hadn’t even thought of this option, since I assumed the tax benefits of an IRA outweighed all standard investing options. However looking into this it seems we won’t be able to deduct our contributions to the traditional IRA since we’re already covered by a 401k and make too much income. So it comes down to paying taxes on capital gains when we eventually sell (mutual fund) vs. tax free gains but paying income taxes on all distributions (traditional IRA). The mutual fund option would also have to report the dividends as income, but with “only” $15,000 starting investment those would be tiny. + + +Given all of this I am leaning toward just investing in a regular mutual fund. My reasoning is that by doing this and paying off the balloon loan in 8 years we’d have enough equity and could use the mutual fund “liquid cash” as a down payment towards a better house. + + +Does anyone have any advice on what to do here? Thanks in advance! +Hi! I just wanted some opinions from people on this kind of financial planning. I am 22 years old, and since graduating high school in 2017 I have attempted college 3 times, and dropped out each time. Not because of academic struggles or not wanting to do the work - external issues came up in my life that caused me to be unable to continue. This has left me with about 5k in student loan debt. My plan is to work as I’m doing now until I’m at least 24 (the age in which FAFSA will consider me an independent adult despite the fact I am and have been independent for some time now). After 24 I’m thinking I’ll attempt college again - this makes me nervous though, is college in my mid to late 20s a good financial plan. I work two jobs right now and when I got back to school I’d quit my part time one and keep my full time one. I’m worried that it will be too late in my life for college but I also don’t know how to get a job that will be future-proof and pay well enough to support my partner and I without education. I feel very behind in life and I was wondering if you guys had any advice on this sort of thing, financial or general. + +Hello all, + +So I have two accounts with vanguard. A regular brokerage account and a Roth IRA brokerage account. I recently funded my Roth IRA and have the money in a target retirement fund. I understand many people invest in mutual funds within the Roth IRA as well. My question is this: would it be better to invest in mutual funds in my regular brokerage account? It seems ok to keep investing within my Roth IRA in the target retirement fund and invest in mutual funds or ETF’s within my regular brokerage account. Thank you all in advance. +A friend of mine said that after the pandemic, he's started to budget a lot less to spend more money on travelling. His belief is, what's the point of saving if we all die! Funnily enough, before the pandemic, he was a cheapskate always saving and thinking long-term. Interesting to see him have changed this much. + +A part of me agrees, and of course, disagrees. For me, I have started to find different things important that weren't so before, going out for dinner with friends, and prioritising experiences over materialistic goods. Crazy to think that 2 years went by in our lives that we'll never get back and how it changed our lives and will most likely impact how we think about how we spend our money and manage it forever in the future. + +How did the pandemic change how you think of your personal finances? +Hi everyone. I recently got a promotion at work, but in the confirmation letter I noticed my hours had gone up. + +I've done the maths, and my base rate is now -3p an hour from what it was before. Also, because callout is calculated on base rate, I get paid less for callout now. + +So my promotion and pay rise has actually resulted in what is essentially a pay cut. If I had not been promoted and simply worked the hours I'm given now, on my old pay, I would be earning more than I am with the promotion and "pay rise". + +I've figured out an adjusted pay rise which would actually equal the 6% raise I'm supposed to have been given, which is nearly £2k more than I've been given. + +Has anyone got advice on going to HR and getting this sort of thing resolved? Any tips? +Late last year the members of the Fed sold all their stocks and then held a press conference where they said they were going to reverse their actions of the previous 2 years and dump the market. All year the market has dumped. Anytime we get a rally the Fed comes out and says we aren't done bringing the pain and the market dumps again. + +If you have 20+ years to retirement and are dollar cost averaging into etfs great, keep doing that. Also why are you bothering to post on here. + +If you are trying to pick stocks, stop. If you do not have a complex strategy to trade these markets you should be in cash. + +But when do I deploy my cash? The Fed will literally tell you when they feel like inflation is getting better and they are going to taper off rate hikes. Start buying then. Its just that simple. Some people will always pile in before every CPI/FOMC hoping to catch that bottom but its better to wait and see and miss a bit of gains to know the Fed is taking its boot off the markets neck. Until it does it doesn't matter how much you like Google Meta AAPL or whatever they are going to go down for now. +My number is $5M and with a 4% SWR I will hit my goal of $200k/year. I will get there in 2025 but with expected inflation $200k might not be the right number anymore! + +If USD is not stable enough to do this mental math, what else should I use? +51M about 4 years away from FatFire and need some advice. A small start up I was working at was purchased by a Fortune 500 Co about year ago and the transition to mega corp has been painful. I spend most of my time in meetings and reading email and not really doing anything else. I have an offer to go work (same money) for a small (about 100 people) company that's pretty much a shit show, but a place where i can make a lot impact. The small company will be a lot of work but probably will be kinda fun. I'm torn in keeping this god awful boring safe secure job for the last 4 yrs of my employment or go have some fun one last time. Anybody have a similar experience that wants to share? +Here's how to do it: + +1. Prepare a safe second device, like an old phone (or a new one of course) +2. Open Google Authenticator on your main device +3. Tap the three dots in the upper right-hand corner of the screen +4. Tap transfer +5. Tap export +6. Tap next + +This shows a QR which you can then Import on another device with Google Authenticator. You cannot screenshot it on Android. + +Do this before you lose your phone or before it goes tits up. Going through the 2FA recovery process without a backup is HELL ON EARTH. +Revenues: $2.79B vs. $2.51B estimated + +Gross margins: 27.9% + +Have $3B of cash on hand. + +https://www.cnbc.com/2017/08/02/tesla-second-quarter-earnings-2017.html +I'm currently on student loan repayment plan 1, and at my current rate of paying it off at about £225 a month with just contributions from my paycheck, I would be looking at it being completely paid off in about 3.5 years. However, I recently started paying an extra £150 a month towards it, that I'm now saving on rent from my girlfriend moving in, and I also add in any profits I make from matched betting each month (usually around £100-200). All this adds up to about £500, give or take, a month being repaid and puts me on track to be paid off in about 1.5 years. + +I know a lot of the accepted knowledge is to not bother paying off student loan early because it gets wiped out after 30 years, but I'm 22 years away from that and in a job where I'll likely never earn less than the repayment threshold. I've also maxed out my ISA contributions for the year so any additional savings I have go into a standard savings account, which like all the others, has terrible interest rates so this isn't exactly resilient to inflation either. + +I currently have a NS&I account that is reaching the limit, and this is being eaten away at inflation because my winnings have not been enough to outpace it (and probably won't ever unless I get lucky). + +With this in my mind, I was considering taking some of the NS&I bonds and using that to pay off the student loan (maybe not the whole thing, potentially just enough to bring it down to where I will be fully paid off within the year with normal contributions). Would this be beneficial considering current inflation rates? If the money is losing value every month sitting as premium bonds, then it makes sense to get more value out of it while I can. Having said that though, inflation also will be eating away at my student loan, meaning that I repay less than I borrowed in real terms - so I'm not sure which is the better option for me + +Is there some easy formula or something of the sort I could use to work out the cost-benefit of which would be better for me against inflation? The amount I have left in student loans I would be able to re-save up in about the same time as it would take to pay it off, so it's sorta balances out in that regard +I got Google ad suckered, and am now down a rabbit hole of looking at investing in whisky casks. Partner and I are both fans (he's Scottish so a bit of a single malt purest) and the idea of investing something novel in the long term like this seems pretty cool. Not knowing a lot about this space, wondering if anyone's gone down that path and had successful results? Feel like there must be a lot of hidden costs that isn't terribly up front about and curious how much is risk vs. Easy returns. Thanks! +I just want to remind everyone out there that you can purchase your shares automatically every 2 weeks through computershare. Personally I have it set so that a reasonable percentage of my income is used to buy shares every two weeks. It's enough that the shares will build up pretty well over time, but not enough that I will be negatively affected financially. My plan is to continue doing this for the foreseeable future no matter what happens. + + +I don't care if people debunk DRS theory, I don't care if people destroy superstonk or even move on to another one, and I certainly don't care if the media continue saying whatever the f*** that they want to say. + + + +I'm buying shares of this company because it's something I can do to object against the system that is designed to fuck us all over. This is my lifelong sacrifice and protest against these nasty short sellers who destroy companies for their own profit. + + + + +Buy, hold, DRS automatically!!! +A vulnerability was [found](https://github.com/spesmilo/electrum/issues/3374) in the Electrum wallet software which potentially allows random websites to steal your wallet via JavaScript. If you don't use Electrum, then you are not affected and you can ignore this. + +Action steps: + + 1. If you are running Electrum, **shut it down right this second**. + 2. Upgrade to [3.0.5](https://electrum.org/#download) (making sure to verify the PGP signature). + +You don't necessarily need to *rush* to upgrade. In fact, in cases like this it can be prudent to wait a while just to make sure that everything is settled. The important thing is to not *use* the old versions. If you have an old version sitting somewhere not being used, then it is harmless as long as you do not forget to upgrade it before using it again later. + +If at any point in the past you: + +* Had Electrum open with no wallet passphrase set; and, +* Had a webpage open + +Then it is *possible* that your wallet is already compromised. Particularly paranoid people might want to send all of the BTC in their old Electrum wallet to a newly-generated Electrum wallet. (Though probably if someone has your wallet, then they already would've stolen all of the BTC in it...) + +This was just fixed hours ago. The Electrum developer will presumably post more detailed info and instructions in the near future. + +**Update 1**: If you had no wallet password set, then theft is trivial. If you had a somewhat-decent wallet password set, then it seems that an attacker could "only" get address/transaction info from your wallet and change your Electrum settings, the latter of which seems to me to have a high chance of being exploitable further. So if you had a wallet password set, you can reduce your panic by a few notches, but you should still treat this very seriously. + +**Update 2**: Version 3.0.5 was just released, which further protects the component of Electrum which was previously vulnerable. ~~It is not *critically* necessary to upgrade from 3.0.4 to 3.0.5, though upgrading would be a good idea.~~ Also, I've heard some people saying that only versions 3.0.0-3.0.3 are affected, but this is absolutely wrong; all versions from 2.6 to 3.0.3 are affected by the vulnerability. + +**Update 3**: You definitely should upgrade from 3.0.4 to 3.0.5, since 3.0.4 may still be vulnerable to some attacks. + +**Update 4**: [Here is the official, more complete response from the Electrum dev team.](https://github.com/spesmilo/electrum-docs/blob/master/cve.rst) +For anyone who met their fatFIRE goal, did you retire or just keep working? Which is better and why? + +I'm not sure if there's anyone here who made 15m+, but what do you do now? Are you waiting to buy that dream home for 20m? Are you content living the same lifestyle or are you still trying to upgrade? +About 1 year from finishing my MD with a background in investment banking and tech (not SWE) before med school. I’m still planning on doing residency, but spend a lot of time thinking about working in tech, ideally in a role that cares/pays more for my MD and board certification. Given my prior work experience, I already know that I don’t want to go back into IB/PE or management consulting. Generally, everyone I know who has gone through my decision in the past recommends doing residency before a nonclinical career, except for a couple of people I know at McKinsey and some shiesty VC founders looking to poach med students before residency. But, recently the prospect of 3-5 years of shit pay in residency as well as other bullshit associated with medical training has been making me question whether residency is worth my time. + +Update - just thought I should include a little more info. I am deeply interested in the specialty I plan on matching into (and have a very high chance statistically of matching into it). The way my mind works and the shit that gets me excited is extremely well aligned with this field. Having said that, I’m just a guy with a lot if interests. There are a shit load of opportunities for these doctors non clinically. I’ve gotten a lot of thoughtful advice on here, and it’s definitely great to connect and learn something with so many people in this sub. And, if anyone is considering a career path that relates to what I’ve discussed and would like some advice/perspective/feedback, feel free to send me a DM +Anyone use these to reach FIRE goals? Looks like they can be expensive. But, also looks relatively simple to create, self- administer, & self direct. Anyone goto this extreme to avoid finnicial advisor fees? + +Source law: 28 USDA 501(c)(4), Rev. Rul. 72-509, 26 cfr 1.40-1, and Rev. Rul. 74-466 +Throwaway account... + + +Married, two kids under five. Mcol area. Net worth $2.5MM. FI 3-5 years, RE 8-10 years. + +Annual HHI is around 530-550k, this has increased over the past few years as my job has blown up. My total comp is around 400 (50/50 salary/bonus) and my wife is around 130-150. + +There’s been a lot of shakeups at my work. The bonus is pretty solid (famous last words) but I see the next 2-3 years as rebuilding. + +Up until a week or so ago, I was ready and able for the challenge. Not looking. Until I got a call from the CEO of a competitor asking if I was open to making a move. + +Fast forward a few conversations, and they have given verbal offer for a total comp range between 375-750. Essentially giving a little downside and much more upside. The incentives would be formula based, and we are working through those mechanics. + +Some other factors: +1. This would be totally remote. Probably saving me an hour daily commute (30 min each way). Parking. Gas. Hassle. +2. It would be a slightly different role but would be an opportunity to grow, but with a smaller initial sphere of management / oversight +3. I have two big initiatives at my current job that I would leave behind and would want to make sure I didn’t leave with a sore taste in their mouth +4. I’d sit out a short noncompete phase +5. I’d be walking away from a 50k mid year bonus and c30k deferred comp payment that would be made later this year + +My questions are: +1. What red flags should I look for, especially in making sure the new bonus range is achievable? +2. What wfh perks or resources should I ask for? +3. Should I ask for #5 above or some kind of advance? +4. If the total comp Floor is 375, should I ask for that as base (even for the first year)? + +Thanks for reading and your thoughts. +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, 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! +Why Halloween is such a big deal: + +Our party store operates with an annual net profitability of about 16-17%.  So the math looks like this (used numbers that make it easy to see): + +$100,000 Revenue + +$30,000  COG (cost of goods) + +$53,000  OE. (operating expense) + +$17,000 Net Profit + +For the month of October, however, our sales jump considerably, but our operating expenses stay mostly flat causing our net profitability to jump to 42%. + +This basically means for every dollar in revenue we collect in October, $.42 drops directly to the bottom line vs $.17 for every other month.   + +Now the picture of our Halloween store looks much different (think Halloween City).  For the month of October our net profitability is a whopping 62%!!  PRTY will have between 130-150 HC stores this year.  They only had 90 last year and those were not fully stocked.  My guess is these stores do between $400-$500K each per season (Sept/Oct).  If you use our party store net prof at 42% and use 140 stores that delivers $24.6M in Net profitability.  If you use the halloween store net at 62%, that number jumps to $36.3M.  And recall that includes the 50 extra stores this year vs last.  These net numbers should add directly to EBITDA so the better Halloween is, the more dramatically the elevated Net Prof numbers have on growing EBITDA.  Conversely, this is why PRTY gets PUNISHED if they have a bad Halloween.   + +Also, there will be about 756 PC stores this year vs 749 last year. All of these store should see a similar increase to net profitability for Oct as our Party Store. My guess is they will see much better net prof this year versus last given the improvement in their inventory position, offset partially by increased labor expense. My two cents for what it's worth. +Have been following this subreddit all year and am slowly growing my dividend type holdings compared to my index and growth holdings. + +It struck me when looking at the long term price chart that SCHD may still be in a pandemic stage price bubble still.... +Hey, after the massive drop today Broadcom looks very attractive to me (P/E under 20 and almost a 3.8% yield. What do you guys think? Time to buy or should I be patient? +Got a survey in the mail from Nielsen that said if I fill it out they will send me a crisp $5 bill. + +It asked what tv shows we liked etc. Took less than 2 mins to fill out. + +My wife laughed at me hard and said they will never send me anything and I wasted my time. + +Today a $5 bill showed up in the mail. Her jaw dropped to the floor. + +I want to throw it on something that pays a dividend and just let it drip. Then show her in a long time how much that free money and shit she gave me is doing. + +Soo….whatcha got? I’ll buy tomorrow at open. +Apologies if this has been asked before. + +I’m looking to add another 1-2 stocks/ETFs with high yield dividends. + +My current highest yield positions are EPD (7.85%), VYM (3.18%), VOO (1.54%) WMT (1.49%) + +Any advice/input is greatly appreciated. Thank you and have a great day! +Hello , + +My father in law has co-signed for 3 vehicles … his daughters . They all pay their own cars. + +He wants to get a vehicle of his own now, and is wondering if there are any forms or a way to show the banks that even though he’s a co-signer for his daughters he doesn’t pay their car notes ? + +He thinks he probably won’t be approved since he has all these co-signed vehicles out. + +Update: +Thank you all for your responses. I figured there wasn’t anything he could do. He had said the guy at the dealership mentioned something but he couldn’t remember what. I can almost guess it was for them to refinance under just their names . I just wanted to double check so I could show him I looked into it :) +Hi all, + +I know this subject gets brought up constantly but i've searched through posts and couldn't find any with similar enough circumstances. + +My partner and I just moved to Sydney, from Newcastle. We are both mid/late 20's. Combined income is 187k plus super, pre tax. We earn good money but this is fairly recent so combined total savings and investments is 55k. Currently renting for $620/week. + +We had starting looking in Newcastle in 2019, when a 3 bed house in a fairly close area (gateshead) could be bought for 450-500k or less. That figure then rose to 650k this year and we were priced out on our Newcastle wages. + +Now we are in Sydney, we earn more but buying anything at all seems to be completely out of reach. Both work in North Sydney but are happy to go anywhere within 30/40 mins of the cbd. + +We went to look at a 1 bed apartment today for which the guide is 900k- it's nice but even a run down 1 bed is 800+. Is it even possible? A few years ago a 2 bed townhouse in Surry Hills etc would've been that price. We could move far out of the city and commute, but it's a big impact on quality of life. Can't move back to Newcastle and buy because our salaries would be lower. + +In short- how far should we push it? We are worried about getting completely priced out of the market if we don't buy now. Realise we are lucky to be earning better money than a lot of people so I hope this post doesn't come across the wrong way. + +Thanks! +Hi All, +I am relatively new to etf investments and have a basic question. As i understand, etf's are good long term investment strategies. So lets say i buy vanguard etf every month, and after 20 years of regular investing i have a total of 500K dollars worth of etf's in my portfolio. Now if i wish to liquidate my entire amount, can i do this irrespective of whether there is a buyer or not ? +Or can i only liquidate this if somebody else is willing to buy my etf's ? +If its only possible to liquidate if a buyer is willing to buy my etf, is that not a risk ? Because i may have etf worth a million dollars, but if i cannot liquidate them , then it holds no intrinsic value. Please help me understand. +I don't understand anything about stocks, so I should invest in ETF's not individual stocks, is that correct? + +if I'm investing in ETF, should I diversify my ETFs too, or should I stick with one ETF? like VOO? +Hello! +Getting into ETFs now, based in Europe, 28y old. +I have 100.000€ that I can invest. +Should I put everything into S&P500? If I get a return of 4% every year on my investment for the next 10 years that is pretty good. +I was considering that maybe I should diversify 70% in S&P500 and 20% Fintech and 10% something else. +What would you do ? +Investment in condo vs ETF + +Hi i am 31 and married with no children. I am deciding wherher to rent or buy a condo. Been living in houston for 2 years. I have been researching both options, renting seems hastle free but given the low interest rates for condos and houses and equity benefit overtime seems lucrative as well . However, i was thinking from investment standpoint, i could also spend the money that i am paying upfront (downpayment on average 10k) for buying a condo on buying a well diversified ETF or REIT that could give me around 8-10 percent annual rate of return and will also be hassle free with no surprise costs. + +What do y’all think about investment in a condo vs ETF. What could benefit you more on profit standpoint in long run. +If I wanted to go full passive and pick a etf like the MSCI ACWI that has a ratio already build in but I still see people talk about changing that ratio to say 70/30. I know that depends on if I wanna mix by market cap of those countries or GDP. + +What does this sub think about that? +Currently 23 years old and plan to start contributing to my Roth IRA next week and had a question on leveraged ETF's. Long story short, I plan to passively contribute a set amount one the first of every month into a combination of SPY, QQQ and VTI. Being that I'm very bulling on tech in the coming decades, what are the benefits and drawbacks to contributing a small portion, say 10% to a leveraged ETF like TQQQ? Not totally sure of the implications in a leveraged ETF such as TQQQ. +How much importance do you put in Lipper fund ratings? I ask because according to Lipper ratings, VOO is a 5 star fund over last 3, 5 and 10 years but SPLG is 4 star fund over 3 year period but 5 star over 5 and 10 years. +Based on what I know, both VOO and SPLG track the exact same index, S&P 500 and both have the exact same expense ratio of 0.03%. so why the different ratings? +25yo, 10k initial and 2k monthly deposit. + +IWF - 34% +XLY -33% +SCHG - 33% + + +I'm interested in investing long term in a diversified portfolio with moderately high risk. + +&#x200B; + +Thanks in advance for the feedback! +I always see recommendations for ARK funds, which I get they’re lit. But why is VTI such an appealing option? I saw a post somewhere that asked if 90%VTI was fine and it kind of was. Why the hype around VTI? Sorry I’m new to investing +Hello together, + +I want a diversified portfolio to grow over 30-40 Years. (Europe based) Here it is: + +1. Ishares Core MSCI World UCITS (35%) + +2. Ishares MSCI EM UCITS ETF USD (Acc)(15%) + +3. Ishares MSCI Global Semiconductor UCITS ETF USD (Acc) (10%) + +4. Ishares Agribusiness UCITS ETF USD (Acc) (10%) + +5. Xtrackers MSCI World Consumer Staples UCITS ETF 1C (10%) + +6. Ishares Core S&P 500 UCITS ETF USD (Dist.) (10%) + +7. Xtrackers MSCI World Health Care UCITS ETF 1C (10%) +—————————————————————— ++ (Optional) + +Xtrackers Artificial Intelligence & Big Data UCITS ETF 1C (possibly 10%, need rebalancing then) + +Is this a good combo? Too diversified? Any overlapping or unattractive picks for a long DCA strat? Thanks in advance for your opinion and infos to look up. +Hi. I'm 23 and have 25k euros to invest in ETF's. It's for a long term investment and i would say that my risk appetite is above average in order to get a good yield. This portfolio has been given an annual average yield of about 9% the past 5 years. + +About 80% of the stocks is in America, 10% in Europe and 10% in Asia. Is it a problem that about 80% of the portfolio is based in the same country (USA) ? + +I'm aware of the overlapping of some of the ETF's, i have attached a SS from Morningstar showing the overlapping situation. I don't think it is too bad, considering the amount of stocks the total portfolio consists of. + +What are your overall thoughts? Let me hear your comments, and what i might be able to do better. + +Thanks! + +BR + +&#x200B; + +The portfolio: + +IQQ0 - 65% +SXR8 - 25% +QDVE - 10% + +&#x200B; + +https://preview.redd.it/sqt9jhbcpok41.png?width=884&format=png&auto=webp&s=3ed2166f34672dac0db472a7e3e7e5e4686967ad +In my early 30s +Investing 70% in etfs and the rest in stocks have a bit of bonds but thinking about decreasing my portfolio risk, do bonds make any sense or should I just hold cash ? Need the money in 5yrs to potentially buy home but flexible on timing +I currently do not have any exposure to ETF's just a money manager who has me invested in a very aggressive actively managed US equities only strategy. I would like to self manage some of my funds and get into some ETF's to help balance my investments a bit. This is what I am considering doing with some of my other cash: + +1/3rd into VOO + +1/3rd into VTI + +1/6th into IEMG + +1/6th into IXUS + +Please let me know what you think about these ETF's and if you have any suggestions of other ones. Should I do 1/3 into VWO instead of 1/6 into IEMG and 1/6 into IXUS? Thanks in advance! +What are some riskier, "growth" ETFs you have come across, perhaps for the younger investors with greater risk-tolerance? + +Do you find investment into such ETFs (like tech) worth the risk, or should one look to individual stocks for the hope of major gains? +I would like to organize my "three bucket" accounts; Tax-Free, Taxable and Tax-Deferred +I've been following the Canadian Couch Potato (CCP) strategies and Boglehead mentality. + +I am currently trying to max my TFSA by investing 50% of my anual income each month. +I have an emergency fund put aside and I make $100,000 anually. + +I am following the typical CCP strategy, by investing into: XAW and VCN (When I get older I will purchase ZAG) +My allocation percentages are: 95% XAW and 5% VCN currently. + +First I will max out my TFSA - then once my TFSA is maxed, I will put $500 into: TFSA, RRSP and Taxable accounts. +The remaining 50% of my anual income I will fund into my RRSP until that is maxed as well. + +What I would like to discuss here, is what would some good options be for my RRSP and Taxable accounts? +Should I put VGRO into my RRSP and Taxable account, or VEQT + VAB / XEQT + XBB? +Should I just do the XAW + VCN + ZAG into all three accounts? + +Thanks for your time, hope you all enjoy the weekend! +Hello everyone, I’m Steve 20y from France. +I just start my investing journey. I planed to allocate minimum 300€ each month to invest in ETF. The goal is to put my money in some ETF that could make it growth over the years. I’m a long term investor and want to reinvest all my dividends. I have fews questions for you about picking an ETF. + +1)How to analyse if a company or a sector will doing good in the future ? Which element should I look ? How to know if a company that populate an ETF are good ? And will be good in the future ? + +2) For you how should I invest those 300€? My plane was to put between 200€ and 250€ in “solid” ETF like S&P 500, MSCI world etc and with the 50€ or 100€ remaining buy some niche ETF like robotic, healthcare, cyber security. What do you think about that ? Do you have some ETF that could interest someone with my profil ? Feel free to show them to me. + +Looking forward to read all of you🙂 +I'm looking to up my investment into ETF's that are more growth based. What are you guys holding right now and what are your favorites? + +Bonus question. Do you prefer growth over value or vice-versa? What are some of your favorite value ETFs? + +Bonus bonus question. Why? +I’ve been wondering how ETFs (and I guess stocks in general) work for long time investing. + +Say I invest in VTI today which is around $200. How is it that in 30 years I will make a lot of money off that investment, assuming I continue to regularly invest in VTI? Is the forecast that it will continue to climb to $300, $400 and up? + +I understand the general idea that over the long term it always increases, but if it’s starting at $200 and always increasing, wouldn’t it eventually be insanely priced for newcomers? +So, I'm an idiot. + +Mid-30's, young family, as of Feb 2021 I had 250K sitting in the bank from the sale of our house and due to reasons can't buy again for another 2-3 years and now renting. I wasn't too thrilled about 0.5-1.5% interest rates for HISA and figured I could invest 50K in ETFs and get a higher level of return than 250K in the bank in that time. + +So late Feb when ETFs were booming, got the case of FOMO and put the 50K into 30% VTI, 25% VXUS, 40% ARKK + 5% PBW. + +I boarded the hype-train of future tech and clean energy (knowing they were high risk but convinced thanks to cognitive bias that they were sure things with great returns) and now am feeling sick looking at the near 20% loss of 50% of my portfolio... + +Now in looking forward the next 2-3 years, should I hold my position (at least in VTI & VXUS) or just cut my losses and throw it all back into savings? I've found articles suggesting ARKK and PBW could continue to slide for at least another year, however also believe in the "long-term" potential of their holdings - but is 2-3 years long enough? I'm thinking not... +Hello, I am 26, female totally new to stock investing and while I've taken some online classes, There's still a lot I don't understand. I need your recommendations on etfs I can hold with good growth ratios and dca over a period of at least 5 to 20 years. I am looking for where to put in my retirement money while getting some nice dividend monthly. I plan to put in money on the etfs monthly and there are loads of etfs. I don't know where to start from. I already bought some individual stocks last year and they aren't doing too well. I just need a safe place to put my money and be getting some nice dividends without worrying about not checking the stock often. +Hi, I'm starting my ETF section of my portfolio. In my bank account, I have like 20k liquid cash, so I feel like dropping 10k in ETF is a good start (probably a majority of XEQT). I'm thinking of eventually having a 15k portfolio, but I'll slowly build my way there. The question I ask myself today is: at what rate should I DCA this 10k? + +On one hand, I feel like going, let's say, 2.5k a year would be safe, but there's a lot of opportunity cost lost. On the other hand, going 5k a year is crossing fingers that we're in a good time to invest right now. I could also drop a big amount early, then DCA more slowly after. I'd feel stupid if I a market correction came and I didn't have any more cash to average down. I'm pretty new to this, + +I'd like to hear advice from my fellow ETFers before dropping some big cash. Thanks +Good Morning Apes! + +Another season of fuckery is upon us, someone needs to look into t+12 (trading days) cause I swear we never have had a boring season finale. + +So what the actual fuck happened at close yesterday? + +People have speculated a things like : + +**Banging the Close**: A manipulative or disruptive trading practice whereby a trader buys or sells a large number of futures contracts during the closing period of a futures contract (that is, the period during which the futures settlement price is determined) in order to benefit an even larger position in an option, swap, or other derivative that is cash settled based on the futures settlement price on that day. + +While this is possible, although the issue I have being yesterday was not an expiration day for futures or options, it was most likely was the movement of shares from S&P 600 ETFs to S&P 400 ETFs we saw similar price action on 6/25/21 at EOD for the Russel 1000 move as did every other stock yesterday that was making the move to the 400 today. + +Suffice to say today should be interesting with the move it is possible mutual funds and other entities that track the S&P 400 may be looking to enter a position especially at the current price point. + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/ow16bf/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market + +I don't want to say that we have found our bottom but they spent quite a bit again today at 147 and even the downward gamma ramp only slipped it a couple bucks. We still have about $4 range to the downside but for now not dropping is a win in my book. Thank you all for tuning in, sorry the last couple days have been a bit slow. But, updating flat with a picture every 30 minutes seems silly. See ya tomorrow. + +https://preview.redd.it/fwjmyyapdef71.png?width=694&format=png&auto=webp&s=4c7a10234b94e8ac9cec0c60efa79b251a973eee + +\- Gherkinit + +Edit 4 2:46 + +Trading at about the same price for over an hour now we slipped below those 150 puts for a bit but no a significant amount + +https://preview.redd.it/pb22coi50ef71.png?width=1667&format=png&auto=webp&s=7bf1d95431c33e0b6e4a6d27206d5f61620cbfde + +Edit 3 11:55 + +Another bounce at 150, ITM options are coming in hot @ 160p and 200p there is a decent downward ramp at 150 so if we dip below we could slide a bit. + +https://preview.redd.it/sqcv6wyp5df71.png?width=1679&format=png&auto=webp&s=ea44c2855af360745b101180061e5b85faf440df + +Edit 2 10:23 + +Failed the second test at 157 and dropped below VWAP again, volume really needs to pick up to nudge us higher. + +https://preview.redd.it/506gxa66pcf71.png?width=1659&format=png&auto=webp&s=caa991215c33aa81c05485f0b832533013ffd5dc + +Edit 1 9:51 + +Small breakout at open to fill that upper gap between 156-158 failed due to insufficient volume probably some chop now on VWAP + +https://preview.redd.it/ed3uc4bejcf71.png?width=1662&format=png&auto=webp&s=a66a91a28ba94a6300595f6d38e9a761c1fa4cfd + +# Pre-Market Analysis + +Volume in Pre-Market is ok this morning sitting around 20k with 25k shares to borrow. This S&P 400 move could be beneficial to us today but we look like we are still following that bearish trend predicted in the weekly TA so we have some downside available to us. Don't forget if GameStop did move to new ETFs that means more options chains from which they could potentially short the stock vis delta hedging. + +[Nice gap to fill up at 156 ](https://preview.redd.it/26hswdz48cf71.png?width=1668&format=png&auto=webp&s=965596f4f743bfcb9e4a97eb42a045b41864a75e) + +Looks like we are right on track with that bearish trend from this weeks TA + +https://preview.redd.it/sbjdw58j8cf71.png?width=2464&format=png&auto=webp&s=4ce057b6d396b5e19fa3902ba1482b464454ef53 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I know, I know, a travel project? Now? During Covid and lockdowns? But here me out! The booking engine, although not perfect is alive and launched 3 months early. Yes, it’s the MVP so it’s got some bugs and other silly shit, but the team is already tracking and fixing bugs, and th thng has been live for about an hour. + +They are receptive to fixing whatever is wrong, they deliver on their promises consistently and are active what seems to be 24/7 in their Telegram despite being a small streamlined team. + +Half of them worked for KuCoin at one time, and have connections in the industry that are obvious by how fast they have been delivering and by all the records they have been quietly breaking. + +With very little marketing, this project is a sleeping giant. The team is a little bit small, and a little bit cocky about the fact that they will not pay for influencers or endorsements, but they say they are flexible if this doesn’t work. + +They refer people to the whitepaper because their platform, although it’s a travel agency, is also a content platform kind of like Steem but for travel content. + +Some useful links for researching their project : + +🔥 BitBook Token Contract Address: 0xd48474e7444727bf500a32d5abe01943f3a59a64 + +🔥 Token Symbol: BBT + +🔥 Decimals of Precision: 8 + +🔥 [BSC Scan](https://bscscan.com/address/0xD48474E7444727bF500a32D5AbE01943f3A59A64) + +🔥 [Telegram group](https://t.me/bitbooknetwork) + +🔥 [Whitepaper](https://www.bitbook.network/hubfs/BitBook-Whitepaper.pdf?hsLang=en) +Hoping to get some advice on what I can do to maximize my financial future and improve my situation. I just got out of a very toxic five-year relationship, with someone who was very bad for my financial health. I learned a great lesson though. I want to do everything I can to get ahead and out of this financial rut I’m in. + +I’m currently a nurse. I make just over 80K and take home about 1200/week. Particularly wondering if I should get a cheap apartment so I can maximize my investments and savings going forward. + +My current financial picture: + +Federal student loans: 60K +403B retirement: 13K +Savings: 6K +Credit card debt: 2K (was up to 7K but has been my #1 priority since getting out of my relationship) + +Rent: 1700/mo for 1 BR apartment. Rent sucks where I live, especially being single now. My lease is up next month and I’m really considering getting a cheap studio for about 1000/mo. Thoughts? +Car payment: 270/mo +Car insurance: 115/mo +Student loans: 300/mo + +What can I do to maximize going forward? Should I rent a cheaper place? I feel so behind my peers. Especially when most of them are making a lot more money in tech and engineering. I’m far behind due to my relational and personal decisions over the last 6 years and I am ready to buckle down. Really struggling with comparison and feelings of shame. But all I can do is improve going forward and I’m hoping you guys can help me! I really appreciate any help. Cheers! +Long story short, me and my gf moved into an apartment back in May, I agreed to pay for most of the rent ($842) and she would only need to cover the rest ($400), yesterday she broke up with me and i’ll be stuck with all the bills soon. Should i pull from my 401k to cover some of it? Should i get a second job or can i make it on my current wages? I currently have 2856.82 to my name and im worried I won’t be able to make ends meet + +Current pay after taxes: 2700-3200 per month depending on overtime, i do have a bonus scheduled to hit my account in December, it’ll be a minimum of 1800 but i’ve been told we’re expected to exceed our goals so it’ll likely be more + +Rent: 1242 + +Car: 383 + +Insurance: 188 + +Phone bill: 25 + +Light bill: 100-120 (expect this to go down as it’ll be just me and i wont be home half the time due to work) + +Gas for car: 80 a month + +Groceries: currently 150 every 2 weeks but i plan to bring this down since my ex won’t live here anymore, possibly 80 every 2 weeks + +Subscriptions: 21.66 (netflix and cinemark rewards) + +Credit cards: 669 Apple, 482 Chase, 152 & 121 Discover, and 1471 on a Capital One card in both of our names but she has agreed to pay it as those charges were all done by her, but i want to prepare for the worst + +I’ve pretty much been paying for everything since the beginning anyways so its not like we’ve been half on everything and twice my ex wasnt able to pay her portion of rent , so that took a huge dent on my bank, any advice is appreciated +Charles Schwab said Monday it would acquire TD Ameritrade in an all-stock transaction valued at $26 billion, a deal that brings together two of the largest online brokerage firms totaling roughly $5 trillion in assets in an industry where intense competition is driving costs down for average investors. + +“This would create a true behemoth in the retail brokerage space,” Chris Allen, an analyst at Compass Point Research & Trading, said in a research note. + +The deal, announced on Schwab’s website, came just a month after Schwab kicked off a rush to eliminate fees on trades of stock and exchange-traded funds. Schwab’s announcement forced other rivals, including TD Ameritrade and E-Trade, to follow suit. + +The brokerage industry has for years been coping with a price war in the fight for retail investors’ dollars, who are increasingly leaning away from picking and owning individual stocks and more toward low-cost index funds and services that incorporate investment advice. + +https://www.nytimes.com/2019/11/25/business/dealbook/charles-schwab-td-ameritrade.html +Feels like the market takes a dump without fail in the last 30 mins of almost every day.... anyone made sweet tendies by buying only at 3:50pm or later as a "strategy"*? + + + + + +*lotto ticket +Analysis of Cobalt Blue Holdings and subsequent valuation and expected dividends in the future. Disclaimer I do hold shares in COB and this should not be used as financial advice + + +**Executive Summary** +The report is constructed to develop an understanding of Cobalt Blue’s Broken Hill Cobalt project (BHCP) and the associated financial aspects of the opportunity. Cobalt is a critical mineral that is used in the development of Lithium-Ion batteries, allowing batteries to have greater density, smaller size, and greater stability. The move towards a greener future, accelerates the demand for LI-Ion batteries to power electric vehicles which accounts for 50% of the Cobalt market. The current economic factors surrounding Cobalt has seen the Cobalt price more than double, with analysts predicting todays Cobalt price $82,000 USD/T to triple by the end of the decade (VanityFair). 70% of today’s Cobalt is mined In the DRC with questionable ethics surrounding working conditions, child labour, corruption, and extortion. COB markets itself as producing ethical and sustainable Cobalt product, focusing on Environmental and social factors. Being a mining company in the developer stage, COB have negative cash flows and continue to operate supported by investors through capital raises, options, and partnerships. The company will make a final investment decision in Q1 of CY 2023. If the project is viable, $560M will need to be financed to bring the project into production in 2025 (company presentation).  The main project in contention is the Broken Hill Cobalt Project, which is the current focus, providing an expected mine life of 20+ years. COB are additionally exploring a ‘Cobalt in waste streams’ opportunity that has the prospect of nearly tripling their current resource by separating tailings from mine waste. The analysis presented in this report concludes that the BHCP is a viable investment that can return annual growth of 16% in current market conditions. It is expected that the demand for Cobalt is expected to continue rising, further snowballing the profitability of COB’s project(s). Summarised, COB is an attractive company with knowledgeable management, and are given a recommended buy rating. + +**Broken Hill Cobalt project** + +The BHCP is significant in terms of being the only pure Cobalt project that is listed on the ASX. This is unique due to Cobalt mainly being a by-product of nickel and copper mining (Glencore). + +The project is located 23km from broken hill and close to a rail-line that runs to Port Augusta, South Australia. The benefit to being close to the large mining town of Broken Hill means costs will be cheaper as facilities are already available and there is no need to conduct ‘Fly in Fly out’, alongside a population that are experienced in mining activities. + +BHCP has an inferred Cobalt resource of 81,400T, with a mining target of 3,500tpa of Cobalt that can continue for 20+ years (CompanyPresentation). The company have developed and patented a Cobalt refining technique using gravity separation which allows cost savings as it is less energy intensive than smelting. (Britannica)(CompanyPresentation). COB’s refinery allows for a High grade of Cobalt sulphate containing 20.8% Cobalt to be produced where the average of 9 producers is 20.5%. The other Cobalt product on offer is a high grade of Mixed Hydroxide Product containing 37% Cobalt (Company Presentation). + +COB will have Elemental Sulphur as a mining by-product in which they have entered an offtake agreement with Mitsubishi corporation for 300,000T per year for more than 15 years (\[1\]Mining 2019). Figure 1 shows the low capital intensity relative to resource size against competing projects. + +**Waste Streams project** + +COB have further expanded their research in applying their technology to a Cobalt in waste streams project supported by the Queensland government. The project has upwards of 200MT of Cobalt and early test sample processed in the pilot plant show 88-90% recovery rate of Cobalt (CruxInvestor 2021). The company has signed an MOU with the Queensland government to assess this opportunity ((1) COB 2021). + +&#x200B; + +https://preview.redd.it/n6u79pqd7k191.png?width=1576&format=png&auto=webp&s=5fe68ad394c4a5aaf524353cd22a31ae2d83f22e + +**Cobalt macro-economy** + +The Cobalt macro-economy is important due to the increasing Cobalt price due to greater battery demand, increased focus on ESG factors and moving away from the DRC cobalt supply. + +· 70% of world’s Cobalt comes from DRC (ABC2022) + +https://preview.redd.it/yujoxriy6k191.png?width=742&format=png&auto=webp&s=c339cd605943adc6e546d19eabf2e41354f9f4ce + +· Battery market accounts for 50% of Cobalt use (ABC2022) + +· Electric Vehicle sales expected to grow by 1000% by 2040 (ABC2022) + +https://preview.redd.it/vrq1a7407k191.png?width=907&format=png&auto=webp&s=fbc3f04053da72eb6c1e5150d15739fc3c1d2966 + +· Child slavery, exploitation and corruption is rampant in DRC (ABC2022) + +· “Cobalt mining is a human rights failure” (WorldEconomicForum2020) + +· Cobalt shortage may begin as early as 2025 (FrontierGroup2022) + +· India to invest in Australian Lithium and Cobalt explorers (\[2\] Mining2022) + +· Companies search for ethical Cobalt outside of the DRC (BusinessInsider2020) + +· Joe Biden invokes cold war statute to boost critical mineral supply (NYtimes2022) + +· Thrifting of Cobalt from batteries is a risk (Els.F 2018) + +**Project Financing sources** + +The CAPEX required to finance the BHCP is AUD $560m. Historically, COB have raised capital through equity means of issuing shares, options and entering partnerships. This is a long-term project and as such it’s expected that COB will secure long term finance favouring equity and partnerships with an emphasis on minimising shareholder dilution (CRUXInvestor2021). It is intended that COB finance the project through a mix of partnership/ Joint venture, Rights issue and a possibility of pre-payment ((2)CruxInvestor2022). + +The company raised $15 million from institutional investors in 2021 that will support the company until project financing is in place. In addition, there are 33.8 million call options with a strike price of $0.45, expiring August 2022 allowing an additional $15.21 million in funding. With the Share price trading at $0.96 as at 1/4/22, it is probable that these options will be exercised, and COB will not have liquidity issues. + +The CEO, Joe Kaderavek has 15 years of experience in equities and investment research at Deutsche Bank and Five Oceans Asset Management, focusing on mining, mineral processing, and energy storage solution (Annualreport2021). His experience leads to believe that he is financially astute and will finance the project with the best possible outcomes for all shareholders. + +&#x200B; + +**WACC** +The WACC is 9.37%, synonymous with the cost of equity due to the company being primarily financed with equity over debt. For the project to be feasible, the Internal rate of return must be higher than 9.37%, to cover financing costs. + + +**Valuation** +Company valuationTwo Free Cash Flow forecasts were completed with one including the waste streams project if it were to go ahead. Regarding the Waste Streams opportunity, information is very limited an From director interviews, the estimates were that the project has 200MT+ of cobalt and AISC one third cheaper than the BHCP. +COB have used their own discount rate of 7.5% when calculating the project NPV, suggesting that the FCF in this report is conservative when using a WACC of 9.37%.  + +https://preview.redd.it/e9mg6ctb6k191.png?width=2085&format=png&auto=webp&s=1c27805b7446781dbfd11682bacb50e49a1b41db + +https://preview.redd.it/i2rqmi3e6k191.png?width=2035&format=png&auto=webp&s=3847bdd0f8b918912ace8cbc1766aaae432feb8d + +https://preview.redd.it/ahsnn04g6k191.png?width=2090&format=png&auto=webp&s=56ffb1f23fba2b050cfbe0f23dd409c1b9af2604 + +**BHCP project** +Using todays Cobalt sulphate spot rate, the NPV of the BHCP project is $699.6M.However, using a spot rate is not accurate as in the long-term, future contracts are used to hedge against price volatility risk and demand. Therefore, the NPV is only an estimation of the projects book-value today. Associated with this NPV is a share price of $2.11. This is a percentage gain of 111% on the closing price of $0.96 on the (1/4/22) + + +**BHCP + Waste Streams** + +Including the waste streams project, the NPV using spot rate, over the same time-period is $2.375B. This indicates that if the waste streams is successful in Queensland alone, the company can triple their future cashflows. The NPV correlates with a share-price of $7.15, representing a 645% increase in the share-price as at (1/4/22). Sensitivity analysis of BHCP and waste streams projectThe large increase in demand for Cobalt and growing popularity of Electric vehicles could see Cobalt supply in a deficit by 2024 (S&Pglobal). This is supported by estimates of the Cobalt price tripling before the end of the decade (VanityFair). The sensitivity analysis hence focuses on 100% and 200% appreciation on today’s cobalt spot price of $82,000USD/T (Tradingeconomics). As per figures 4,5,6, the project has great financial fundamentals which is supported by even greater cobalt prices. A 10% increase in the Cobalt price sees a 30% increase in profitability. + + +**Dividends** + +Graph below shows how dividends are affected by profits, with higher Cobalt prices resulting in greater dividends. At an absolute minimum, a 0.17c/share is forecast for 2030. At an 8% dividend yield, this gives a minimum share price of $2.12, consistent with the NPV forecastd is in an exploratory period. (Percentages at the bottom refer to the payout ratio). + + +https://preview.redd.it/oj5u00w86k191.png?width=2103&format=png&auto=webp&s=c4840cba1fbbbdb5c94aad18795b96ba714d882c + +**Conclusion** + +Cobalt is in high demand that is expected to increase with electric vehicle sales and demand, pushing Cobalt into a supply deficit. Cobalt Blue have a competitive advantage boasting ethical supply from a safe jurisdiction. Financially, the BHCP has AISC in the bottom quartile of Cobalt producers, providing a greater profit margin and economical advantage. The company has an opportunity to triple their available resource in Queensland alone if their separation process proves successful. The BHCP IRR of 16% means that the project is viable which increases to >30% with waste streams at today’s spot prices. + +COB has the potential to become a top 10 Cobalt producer excluding DRC, and a top 5 if waste streams project is successful. + +COB is currently undervalued with a market cap of \~$300M and a conservative NPV of \~$700M. With the BHCP being profitable and the future possibility of the Waste Streams study being successful, COB is given a strong buy rating at a Share price of $0.96 as at (1/4). The large upside return is reflective of the investment risk as COB still needs to secure project financing. In recent years however, COB has been significantly de-risked, reflective of the near 1000% rise in share price in the last 1.5 years. +Thinking of adding in a defensive position into my portfolio just incase inflation does cause a recession and a larger fall to equity markets. Let me know what your favourite gold miner is and why you think they will out perform the competition. +Dear Australia, I've only seen you once in person (Sydney, Uluru, Cairns), it was very wild and drunk and you sadly did not get me laid on that trip but damn am I grateful to you for all the natural riches that are yet to be further enriched... and enrich me too! :) + +And thanks to all of you here for reflections on thesis supported elsewhere, feels damn good to be in Australian uranium miners these days, and I've only been in these positions for about 2 months. + +If anybody has tips on natural gas and oil (not necessarily tickers but where the discussions are at on reddit and/or twitter), I'm all ears. Meanwhile, part of my portfolio list with gain porn for the day (BMN so far the best performing with over 50% gains not shown below): + +&#x200B; + +https://preview.redd.it/l31ywpfet6t71.jpg?width=508&format=pjpg&auto=webp&s=196c34c672ced51c910b839b378ee3747728cb0e +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +RVR are AU miners, $72 million market cap, currently unprofitable (1.3x Price-to-Book), but absolutely not going to stay that way for long. + +In today's announcement they're making it known they've just paid down the last $5 million of debt and are now completely debt-free. + +Why is this interesting? Well... take a look at the projected earnings per share: https://imgur.com/a/wrbyA4V + +If that doesn't evoke fever-dreams of tendies then I'm not entirely sure what does. + +Do I hold this? Absolutely I do (226,000 @ 9.5c). + +Should you buy it today? Nope! Very likely to go down tomorrow as people take profits from today's surge. + +Am I selling? Not a chance. There's pro's & cons for profit taking, but this is such a deliberate long-term hold for me that it's just not worth it to be ducking in & out. + +Should RVR be on your radar? I'm going to go out on a limb here and say yes, it probably should. + +Brush your own teeth etc. - but IMHO perhaps something to look out for tomorrow or Monday. + +Cheers! +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +At what stage does BHP typically acquire? I am trying to put together a list of high potential targets based on mine longevity/size and where BHP has existing operations or supply chain. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +I have stake and commsecc and at the moment you cant access stake. commsecc says it only take 2-3 business days for a transfer but ive read stories of it taking 3 weeks for people. Anyway just wondering if anyone had any insight? + +Much appreciated +To those of you with second jobs, where do you work and why? What are the best jobs to work in the evenings and on weekends? +I work in real estate 9-5 but am looking to supplement my income to add more to my savings. +EDIT: Thank you for the advice and comments everyone. The bank responded to my CFPB response, **in which they uploaded my statements which displayed a completely different account number, and balances,** than what I have on online banking. I have spoken to a higher-up official who told me he confirmed that several departments, including the fraud and the security department, have no idea why my statements display what they do, where the charges came from, why the account number is wrong, etc. My online account is currently suspended. I was told that my fraud claims did indeed end in my favor and that this is being researched and I really don't want to say more than I already have. Thanks everyone. + +&#x200B; + +As the title states, victim of credit card fraud for a large dollar amount. PNC Bank denied my claim and I am unable to appeal it. They won't supply any evidence or supporting documents, and nobody will talk to me about it; not a supervisor, the fraud/security department, or anyone. I did manage to eventually talk to an employee who sounded new-ish, and was reading notes to himself, and he said the case had been referred to a group known as ISG, and that it was now out of PNC Banks' hands. I was forwarded to ISG a dozen times, only to leave a voicemail requesting a callback and never received one. + +&#x200B; + +I have written to them using certified mail, requesting acknowledgement receipt, to all four addresses I could find. The disputes address, payment address, main office, and appeals address. In the letter, I had requested supporting documentation that lead them to this decision. + +I have filed and notated a police report. + +Furthermore, and perhaps most importantly, I have contacted about 6 of the merchants where my card was used. They all have the same story - the dispute was ended in my favor. So the merchant was out the money, the merchandise, I'm out the money, and PNC just.... keeps it? I'm unable to view my statements online, and they won't mail them to me. Luckily, I had the statements saved and can confirm that a few merchants did credit me, but PNC just adjusted the credit back. And no, it wasn't them taking the provisional credit back. + +&#x200B; + +I've complained to the CFPB and OCC but need to know who, or what, this ISG group is. Thank you. +Quit bashing me for doing research and actually taking a deep dive into financials and other filings. Just because some of what I uncover goes against the rosey picture you are painting inside your head, doesn't mean it is wrong. + +**I'd like to take this time to give a quick description of a few of the SEC filings that are foundational to any DD** + +* 10Q - A company's quarterly report + * Insights include company's financial statements, key developments, debt offerings and more +* 10K - A company's annual report + * Same as quarterly but often more robust. A lot of times this is a heavily audited financial statements. + * **We are now in the middle of 10K season for US companies.** +* Form 4 - Insider transactions including purchase or sale of securities +* S1 - Registration Statement of new shares +* 8K - Any news or material information that the company discloses. Similar to a press release. All press releases have an accompanying 8K + +You don't have to be overwhelmed by these statements, just know that they are out there, and they will help you form your own objective opinion. + When people think of the U.S. economy in the 1970s, many things come to mind: + +\- High oil prices + +\- Inflation + +\- Unemployment + +\- Recession + +A question for baby boomer investors and historians who have studied the US or European stock market during the 70's. + +a) Which sectors of the economy performed well and why do you think this was so? + +b) Can you recall any specific companies that thrived in this environment, and if so what were the forces that enabled them to outperform? + +c) Do you recall if there were any windfall taxes on companies that outperformed in the 1970's? + +d) If we have a stagflation and a recession in the later 2020's, which sectors of the economy do you think will out perform and why? For example, can you draw any parallels between what worked in the past and what might work in the future. + I recently just lost 10k on my 30k account and it really hurts as I was up 2k and then varied away from my trading strategy causing me to take a massive L, but it didn't stop there as I got risky with my plays to try and make the money back and now I found myself with only 20k left. I know it's not the end of the world but geez does it feel like it. So how much have you guys lost? and how did you get over it? +Any insight on the companies that pay shareholders the best dividends? I imagine it’s the really old companies with good moats and thus expensive stock. Is there a comprehensive list out there? + +Share your personal list / experience? +I've been tracking my monthly progress on a chart for about 18 years now. Occasionally I like to take a look, not at the dollars, but rather at months where I've made forward progress vs. those I haven't. Just like with weight loss or anything else, huge progress is made by taking lots of baby steps forward. + +Of course, having income from a job helps fill in small gaps created by market downturns, but sometimes that isn't enough, so I have a month where I end up with less than I started. But most of the time, I'm inching forward! + +&#x200B; + +* Number of Positive Months: 158 (75%) +* Number of Negative Months: 53 (25%) +* Total Months Tracked: 211 +* Years Tracked: 17.58 + +Edit: Graph per request. [https://imgur.com/a/aA7HDcE](https://imgur.com/a/aA7HDcE) +All you will get is popular opinions, misinformed advice, inexperienced answers, taunting...and maybe some good advice. It's a mixed bag and popular comments are king. +Not sure if this is where I should post this but here it goes. I'm 35 years old and I haven't filed taxes in about 7 years. I would always go to the accountant my folks used and he would handle everything for me and my folks for like $125 or something. Several times we ended up not doing it on time and having to do two years at once. So when we didn't go one year, no big deal. And it just kept not being a big deal until suddenly it's 7 or 8 years later. I'm sort of paralyzed at the idea of it all and just keep burying my head in the sand the last couple of years. The IRS hasn't ever said anything about it, but it's this weight that kind of hangs over me that I need gone. + +I don't know if I should go talk to guy my folks used (if he's still doing it) or go to big tax company or get a lawyer or what. I never did anything complicated, just basically hand over my stuff from work and go about my day. I make about 40k now up slowly from 35k or so back then. Any suggestions would be greatly appreciated. + +Edit: Filed a tax return. Not haven't paid taxes. Sorry for my poor verbiage. +PREFACE + +I used every card available to my area for 1 month minimum. + +&#x200B; + +**CRYTPO . COM CARD** + +&#x200B; + +https://preview.redd.it/g55k22htiji71.jpg?width=1833&format=pjpg&auto=webp&s=ace2c84a4446b00e394a962ac0ff83a1dadac5b3 + +[https://crypto.com/us/cards](https://crypto.com/us/cards) + +There are a few different options for the user to choose from. There are also a few added benefit as you go up the tiers. It allows you to continue to DCA in to CRO ([crypto.com](https://crypto.com)’s) native token. Rewards start at 1% on every purchase and go up to 8%. The rewards are in CRO. In order to get a card you have to have a certain threshold of CRO staked. + +For this experiment, I staked $400 and got a Ruby Metal card. The Ruby card gives you 2% back in CRO and also reimburses your Spotify membership. You can withdraw up to $400 from an ATM with the Ruby card. + +First, the card quality is really nice. I love the metal design. It feels very premium. It interacts with the [crypto.com](https://crypto.com) application seamlessly. The beauty of this card is definitely not lost on people in stores. This sparked up a lot of crypto conversations with various people in stores/public. + +Secondly, the Ruby card offers 2% and a free Spotify subscription that is paid for in CRO. The great part about this is that as you grow your account, you can upgrade your card to Indigo or Jade and get 3% back and also get Netflix paid for. Feel free to follow the link above to all of the cards and their options. + +Overall, I liked the card and the experience I had. I think there is a lot of really great features and allows you to spend your crypto through the card. I recommend this if you are a big [crypto.com](https://crypto.com) user and believer in CRO as a network. + +**7/10** + +**Blockfolio by FTS US CARD** + +&#x200B; + +[FTX CARD](https://preview.redd.it/dz1ql036jji71.jpg?width=750&format=pjpg&auto=webp&s=99f16fa83183f9caad47f9b6812751112b9b538d) + +The FTX card allows the user to spend any crypto they want using the balance in their FTX account. The beautiful part of the FTX card is that there is no fees to do this. + +The card is plastic and does have a nice design on it. The card also has a chip and is easily managed right inside the FTX application. There is one caveat though. This card, at least during my time of using it, does not have any rewards. In a market where most of the other crypto cards have at least some kind of reward, I found this off putting. + +What does it do right? + +It is super easy and free of fees. There is also a really nice 8% APR on FTX. If you are a regular spender of crypto to fiat, there are other options that would be better. For the occasional hodler, this is a super easy, convenient way to spend your crypto. + +**5/10** + +**FOLD** + +&#x200B; + +https://preview.redd.it/fyxpzk54kji71.jpg?width=1264&format=pjpg&auto=webp&s=4972307a01427e66fff12853c7eada2598c1f9c0 + +The FOLD card. There are 2 different cards. The “Spin” and ”Spin +”. + +[https://foldapp.com/fold-card-plans](https://foldapp.com/fold-card-plans) + +This card markets a 25% to 100% back in rewards. The rewards are paid out in BTC. If you are wanting to stack sats in every way possible, this card is a solid option. I do recommend reading the terms of rewards though. It’s not just a 25% on every purchase type of situation. There is a daily spin that you get that can reward some extra sats, spins, etc. Overall the platform is okay at best. It isn’t linked to an exchange in the same way that the other cards in this list are. + +The card came pretty quickly in the mail and allows you to fund your card with fiat instead of crypto. This card is essentially a fiat pre-paid debit card that rewards you in sats. The card itself is plastic and bright yellow. I honestly hated this card. It was a pain in the ass to build up rewards and an even more pain in the ass to redeem them. Of all the cards in the list, this one is by far the worst. + +**2/10** + +**COINBASE CARD** + +&#x200B; + +https://preview.redd.it/7vfpcxhelji71.jpg?width=909&format=pjpg&auto=webp&s=9bf56bdbdb8fe1e83737ef9b068b7b31907655d6 + +[**https://www.coinbase.com/card**](https://www.coinbase.com/card) + +The Coinbase card is tied directly to your coinbase account. There is no staking or any barrier for entry. There is a waitlist inside the coinbase application. I waited for a few months before I was able to get the card. The card allows you to get up to 4% in rewards. There are various coins you can be rewarded in but if you elect to receive 4% in XLM you can change the XLM to any crypto for no fee. + +The only negative that I found from using this card was the conversion fee from converting crypto to USDC. It’s not a bad fee but it is a fee nonetheless. The card itself is plastic and minimal. Nice Coinbase blue. You can add the card to Apple Pay which makes online shopping super easy. + +Overall, I love this card and continue to use this card today. The integration with the Coinbase application allows you to seamlessly buy, sell, spend your crypto however you want to. If this card had no fees like the FTX card, it would be perfect. + +**9.5/10** + +**BITPAY** + +&#x200B; + +https://preview.redd.it/aratzuxdmji71.jpg?width=826&format=pjpg&auto=webp&s=5ea1c8aab61d5210139af52adf9fadf07ad6a847 + +The BitPay card is reliable, seamless and gives you a little more control. You can use BitPay as an exchange if you want. It offers you the ability to pay with a few different cryptos in an easy to use application. + +The card is plastic in a nice navy blue color. + +The biggest issue I had with this card/app was the amount of fees. This application is more decentralized so you will have to pay gas fees to exchange crypto. ETH fees being super high made this a nightmare. + +Overall, it is easy to use but the fees and the lack of rewards make this a pretty bad card in general. There are just way better options. + +**4/10** + +&#x200B; + +I recommend the [Crypto.com](https://Crypto.com) card and Coinbase card above everything else at this point. I will update if I use any others. +Anyone else tired of hearing about the meme stocks? I’ve been following the GME squeeze since the first post months back, and at this point I’m sick and tired of hearing about short squeezes, NOK, AMC everywhere I go. Every social situation I’m in seems to involve meme stocks lately. Can we go back to normal yet? +I hate the term "free mone glitch" but bear with me here.... + +I recently stopped investing like a responsible adult in long term undervalued stocks because I consistently lose money. Opted for scalping SPY on the 1minute cocaine chart updating support/resistance levels every minute or so. + +Why am I pulling in $500 a day for the last week, risking no more than 2k. And why am I delusional to think I can keep doing this succesfully ad eternum? +I hate the term "free mone glitch" but bear with me here.... + +I recently stopped investing like a responsible adult in long term undervalued stocks because I consistently lose money. Opted for scalping SPY on the 1minute cocaine chart updating support/resistance levels every minute or so. + +Why am I pulling in $500 a day for the last week, risking no more than 2k. And why am I delusional to think I can keep doing this succesfully ad eternum? +I'm 26, have been interested in FI/RE for awhile and am track to have my age 55+ retirement savings accounted for by 30. Saving, living below one's means, and striving for high earnings have been relatively straightforward. The hard part, I realized, is figuring out what you want to do with your time once you achieve it. Turns out a full time job is pretty good at keeping you busy. + +I thought this would be easy. I took my first mini-retirement, traveled to a few countries, which was great, many adventures were had. The first month off work felt so freeing. By month 3 I was so bored at home. Everyone my age was going out with their coworkers, had work Christmas parties, etc, while it felt like I didn't have that anymore. It made me realize that what I wanted wasn't really to retire early; I like working - it was balance. After crossing off a lot of bucket list items I never thought were possible, I hit this point where I had done the thing I thought I would be near impossible to ever do in my lifetime way earlier than I had expected. I realize I now still have a long way to go in figuring out what I really want. I get so frustrated with retirement estimators, because I know I *don't* need 85% of my current income to survive (I currently live on less than half) - and I don't really know what I want in 40+ years, so it's difficult to budget for it. All I really know is that I am capable of living on a limited budget, but also enjoy spontaneity. (Most of the travel I do is very economical - I mainly go low cost places when I find insane deals / airfares). + +Has anyone had any "Aha!" moments in their FI/RE journey that helped them figure this out? I know it's just part of life, but what has helped narrow it down for you? +Hi, guys. + +I'm a bitcoin holder. I listen and read a lot about bitcoin but the information always comes from proponents of bitcoin. But because of that, I'm worried that I'm in a epistemic and filter bubble that might be distorting my judgement of the facts and risk. Therefore, I want to expose myself to reputable bitcoin skeptics to help develop a more comprehensive and nuanced understanding of bitcoin and its risk, as that seems like something that reasonable people should do. + +Does anyone have any suggestions? +Hello, here's a weird one. + +I have 2 credit cards, one with a £450 limit (£100 available) at 39.9% apr and one with a £1500 limit (nothing available) at 55% apr. I just got approved for a card that has a £1200 limit at 34.9% Apr but it has a 0% balance transfer option for 9 months. + +I have no idea what's the best play here, should I pay the £450 off entirely and snap it, or should I pay the majority of the £1500 off and have 3 cards to pay (direct debit is set up so not too much stress). + +I feel like paying off the majority of the £1500 is the smartest option as that really drops the amount of interest I'm paying and I could maybe pay off the rest of it next time I get paid (or at least most of it). + +Any advice is appreciated. +Fred Meyer has twin bed sized memory foam pads for $20 right now, and it’s double the size of any dog bed I’ve ever bought. Our dog has 3 legs and needs extra comfort, and we cant afford those $130 memory foam beds, so I bought this $20 pad and it works way better than the name brand stuff. She loves it and wouldn’t leave it for a few hours. + +It was so big you could either make 2 beds for $20, or fold it over and make a super comfy dog bed (that’s what we did). Our 2 dogs can share the one, folded bed. + + +Either way it’s like $50-100 cheaper to just buy the foam from Freddie’s or Walmart than to pay a large price for the foam just covered with some fabric. +Update: SPY is now down to 322. + +TA: +50 DMA - 333.97 +200 DMA - 309.93 +JPOW Wall - 300 +March low - 218 + +I am not seeing any post discussing the current market pullback. We peaked at SPY 357 and now at 331. We are approaching correction territory and we crossed the 50 day moving average. + +The way I see it, we could easily test the 200 day moving average around 309, then the 300 wall, and quite possibly March lows. + +Edit: reasons I believe market is heading lower: + +1. PE ratio is off the wall. I think it will come back down to long term value of around 15:1 + +2. With a lot more retail investors trading during this pandemic, I think it’s likely that investors who recently FOMO’d in the market will probably FOMO out on the decline, accelerating it. + +3. With a K-shaped economic recovery,I don’t think the stock market can continue to thrive even after vaccines are deployed. We will still have a dual economy, those continuing to thrive in remote office WFH environments(eg: software developers and other white collar jobs) and those who will still continue to struggle in retail/services industry. + +4. Uncertainty surrounding if covid will mutate and be an annual reoccurrence similar to the flu. Will wearing masks just be the norm going forward? Will we have to continue to leave the middle seats open on airplanes, or have restaurants at lower capacities? These are both industries with thin margins already. + +5. General feeling of complacency toward the coronavirus. Everyone is sick of reading about it on the news. You can see on Google trends. People are lowering their guards and treating it like any other flu. This will continue to add to the number of infections as we approach 7 million in the US and it slows down our recovery. + +6. University and college reopening still continue to struggle to reopen. Sure there is remote learning options, but there are still a lot of courses that need to be hands on and in person. + +7. Our national debt now almost $27 trillion. + +8. Feds were quick to deploy the first economic stimulus, but dragging their feet for this second stimulus. + +9. Probably last on my list, but I missed the boat to invest in March/April. Just wishful thinking that markets can pull back more. + + + +Thoughts? Sorry for the typos. I’m still in bed. +Not sure if this is an appropriate post for here but wasn’t sure where else to go at present. My brother (22) recently racked up about £5k debt I believe across multiple credit cards that he struggled to manage and ended up coming clean to my dad who bailed him out and cleared the debt, setting up a monthly payback agreement with him of £250 a month until it’s gone (which my dad sorted straight away but was obviously unimpressed). This was about 6 months ago. + +My brother and I live together however he’s at his girlfriends house 99% of the time. A few months ago I noticed he was getting more mail than normal, which I’d let him know about and then just leave it in his room to collect when he was back. At first I didn’t think much of it but the mail keeps coming weekly and looks quite official. He assured me it was probably his previous card companies trying to send him deals or updates. I’ve never opened his mail but yesterday got concerned he was getting into debt again and used a torch to try and make out what was inside. + +It turns out he has at least two new credit cards, both with debt on and at least one he is in arrears with. I’ve told him he had more mail and that I could see a DD logo through the clear window to which he said he just has one card he’s paying off, which I know is a lie. + +What should I do in this situation as I don’t want to get involved or cause drama, but also feel bad just leaving it. I’m 25, good with money and can’t understand why he’s done this and how he’s going to get out of it. TIA! +Hi guys + +I’m 26 and earning 60k a year in London (currently single). I’ve got about 20k saved up and was wondering about leasehold vs freehold. + +The dilemma I have now is that I live with my parents and whilst saving up all this money is nice and all, it’s difficult because well, you know what parents are like. + +I would like to go out on my own. + +Most of my mates tell me to buy freehold but they’re all in relationships and there’s no way I can afford a freehold by myself in London. + +Reading around reddit etc people make it sound like leasehold is the worst decision you can do?! + +Some things to take into note from reading/talking to people about flats + +- ground rent +- service charge +- maintenance company and its reputation +- you don’t actually choose who you live with (my friend who purchased a property in Coventry tell me the tenants around him are animals and throw rubbish everywhere) +- technically you don’t actually own the flat + +Have any of you had a good experience with purchasing a flat in London? What do your monthly outgoings look like? Why would you recommend it? + +Whatever happens I’m going to wait till after Brexit if I were to make a purchase. + +I’m kind of hopeless with relationships, so I don’t even know how long it’ll be till I get into a relationship. +Has anyone here reached their FI goals (and therefore not have to work as hard at their job) worry about giving the wrong impression to their kids about work ethic and pursuing goals? I always saw my parents work hard throughout my childhood and credit my strong work ethic/anything is achievable mentality to them. I want to achieve FI so that I can live a more balanced life and to spend time with kids (something my parents never had much of with me because they were always working) but don’t want to give my kids the impression that their parents aren’t hard working or have goals and ambitions. How do you instill this in your kids when they don’t see you “practice what you preach”? +I've been having an ongoing debate with a relative centering around vacation time and work-life balance and am curious to hear some takes from this sub on the topic. + +Simply, I have interviewed at (and been offered) a number of jobs in the last few years and always discuss vacation time/ work-life balance and heavily weigh it in my decision making process. My relative is fairly successful and he, and many of his co-workers and friends, are apalled by this. They claim they would never hire anyone who would bring it up in the negotiations and have never even heard of anyone asking. + +My attitude is that the whole point of saving money is for me to enjoy my free time. It's very valuable to me to accelerate that free time to travel and be with my family given our time on this planet is limited and never guaranteed. The main thing that baffles my relative is that..at my salary level I have basically dug a line in the sand that the difference between 2 and 3 weeks of vacation would require at least a 20% increase in my annual salary. I feel the same way about a job that will be 40 hrs per week vs 60-70. +I definitely want to retire early, but my thought is if the salary differential doesn't speed that up in a meaningful way then it's just not worth it. To put it simply...I tend to believe that as I make more money...the value of of my free time starts to go up exponentially. I don't think it matters if you srr salaried vs hourly - to me that is only meaningful in a legal sense but you are still always trading x hours for y pay. + +I thought this may be a generational thing (in this case millenial vs Gen Xer) but my relative is adamant he interviews plenty of millenials who never discuss vacation. Am I completely on my own on this or is this just workaholism on my relative's part? + +TLDR: How you value your vacation /free time at least in relation to your salary? Is it wrong to view vacation as an important part of overall comp? +My question is say my wage is $80,000 and I still get paid the $80k at 35 hours, would that equal as a pay rise ? And I understand inflation has bolted I’m just seeing if it a good deal. We get the normal 30 min lunch brake as well. +Guten Morgen to this global band of Apes! 👋🦍 + +The shorts continue to drive the price down with massive short ratios, though it doesn't change the situation at all. +In fact, it is making it easier for us to purchase shares directly at Computershare, or DRS after buying elsewhere. +We've seen the impact that withdrawing shares from the DTCC's vaults can have. +We've seen how they have tried to make us abandon that effort. +Now is the time to DRS. +To guarantee that we HODL our shares when the MOASS happens. +The recent revelations about FTX shows that you cannot trust companies to actually buy the underlying assets with your money. +If you don't hold your shares in your own name, on Computershare's books, how certain are you that you actually own the shares? + +Today is Friday, December 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$20.47 / 19,28 €** *(volume: 1938)* +- 🟥 115 minutes in: $20.42 / 19,23 € *(volume: 1430)* +- 🟥 110 minutes in: $20.43 / 19,24 € *(volume: 1351)* +- 🟩 105 minutes in: $20.45 / 19,25 € *(volume: 1295)* +- ⬜ 100 minutes in: $20.42 / 19,23 € *(volume: 1295)* +- 🟥 95 minutes in: $20.42 / 19,23 € *(volume: 1265)* +- 🟥 90 minutes in: $20.53 / 19,32 € *(volume: 1260)* +- 🟩 85 minutes in: $20.55 / 19,35 € *(volume: 1240)* +- 🟩 80 minutes in: $20.52 / 19,32 € *(volume: 990)* +- 🟥 75 minutes in: $20.42 / 19,23 € *(volume: 688)* +- 🟩 70 minutes in: $20.57 / 19,37 € *(volume: 676)* +- 🟥 65 minutes in: $20.25 / 19,07 € *(volume: 616)* +- 🟥 60 minutes in: $20.36 / 19,17 € *(volume: 506)* +- 🟩 55 minutes in: $20.36 / 19,17 € *(volume: 506)* +- 🟥 50 minutes in: $20.36 / 19,17 € *(volume: 491)* +- 🟩 45 minutes in: $20.37 / 19,17 € *(volume: 425)* +- 🟩 40 minutes in: $20.35 / 19,16 € *(volume: 421)* +- 🟥 35 minutes in: $20.35 / 19,16 € *(volume: 421)* +- 🟥 30 minutes in: $20.35 / 19,16 € *(volume: 421)* +- 🟥 25 minutes in: $20.36 / 19,17 € *(volume: 416)* +- 🟥 20 minutes in: $20.37 / 19,17 € *(volume: 416)* +- 🟩 15 minutes in: $20.37 / 19,18 € *(volume: 416)* +- 🟥 10 minutes in: $20.37 / 19,17 € *(volume: 236)* +- 🟥 5 minutes in: $20.37 / 19,18 € *(volume: 236)* +- 🟥 0 minutes in: $20.37 / 19,18 € *(volume: 236)* +- 🟥 US close price: $20.58 / 19,38 € *($20.60 / 19,40 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0621. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +In anticipation of high inflation, I bought some Vanguard Short-Term Inflation-Protected Securities Index Fund (VTIP) a little over a year ago. Inflation skyrocketed, yet VTIP is actually down in price from a year ago. How is that possible? It doesn't make any sense to me; I would've expected it to at least keep up with inflation. +I'm 28 years old with a very low pension fund (I studied for three years and travelled a fair bit, but have been settle for the last 3 years). + +I'm on track right now with a emergency fund, as well as using the LISA to save for my first property next year (roughly at ~£15,000 right now). + +I'm now looking to get my pension in order and wanted to know the best way to do it. My partner has a fantastic scheme where if she puts on 7% her company puts in 13%. I'm pleased for her, but obviously worried for myself. How do I manage to get a good pension with my employer who will only match 4%? I'm going to increase my contribution to 9% so that I save 13% a year, but is there anything else I can do? + +Is a private pension useful here, or is it best to increase contributions into my work one? + +Thanks +I'm starting to assess at what point it makes sense for the lower-earning spouse (in my case, me) to "retire." Ideally I'd love straight forward calculation, but really any considerations and suggestions are more than welcome! My situation is my partner and I are both high earners relatively speaking, although at the moment I earn about 40% less. My income is still helpful obviously but as my partner's income grows it is starting to make less sense for me to make the necessary sacrifices to accommodate my career. I would like some level-headed advice about at what point I can cut back with relatively little risk to our family. Under what circumstances were you/ would you be comfortable with the lower earning spouse earning less or retiring? +Seems if you enforce those two points you can FIRE fat with a regularFire budget. Do you guys agree? Is anyone doing or targeting this? + +I can fire regularly in Thailand (where I already live) on $1m or so, and fire fat at $2m. That's $40k/yr and $80k/yr respectively. $80k/yr or around $6,000/month free spending money here means a big living space, eating out whenever, trips to islands in luxury accommodation. Probably hookers and yaba if one were inclined (joke). Top foreigner catered healthcare as well. Basically a budget one could do almost whatever they wanted if childfree. +I've posted about $FLASH a few times before, last time it went from 10c to 40c within a week of my post. This time I've got some more juicy news on our favorite flashstaking dapp. + +Last evening, Zachary Dash the mind behind Flashstake, posted this about the upcoming project - "Zynthetic" in the telegram channel: + +&#x200B; + +>Zynthetic: It is hard to create as passionate and engaged community as we have seen rise through the Flashers. Rather than positioning Zynthetic as it's own brand/protocol, it seems the concensus right now is to build the Zynth protocol alongside Flash and integrated it under the umbrella of the Flashstake Dapp. This could continue to build on the Flash brand we already have while expanding the market of potential awareness. Still obsessed about the idea of flashstaking with any token, crazy concept. + +source: [https://t.me/flashstake/26519](https://t.me/flashstake/26519) + +&#x200B; + +The Zynthetic protocol allows for flashstaking of any ERC token, not just $FLASH. A lot of people have been skeptical about Flashstaking because if they want to do it, they would be exposed to the underlying asset - $FLASH. With Zynth being integrated into the Flash dapp this changes. Anyone will be able to stake **any ERC** token. **This will bring massive attention towards the project.** I know I'll be strapping in for lift off before that time comes. + +People flashstaking with the $FLASH token will still have the highest APR (up to 50%), while the other ERCs will have APR similar to already existing staking solutions (normally 1-10%) + +For anyone just finding out about $FLASH - It's a dApp you can get instant upfront yield on. It works a lot like uniswap, but instead of trading it's for flashstaking, more info here: + +[flashstake.io](https://flashstake.io) + +[dApp](https://app.flashstake.io) + +[market cap/total supply](https://stats.flashstake.io) +Finding a token that explodes in value is every crypto trader’s ultimate goal. Sorting the diamonds from the rough is no easy task. It usually involves weeks of painstaking research. My top pick is PARSIQ. + +What is PARSIQ? + +Based in Estonia, which is quickly becoming a mecca for large-scale crypto companies, PARSIQ has developed a technology that bridges between blockchains and the real world. + +In real-time, the platform monitors on-chain events and triggers actions based on the data. + +The PRQ token powers the ecosystem and it has the potential to be used by the largest companies and millions of users who want to communicate up-to-date information online. + +Why is this crypto going to 100x? + +The world today has a significant problem in connectivity between isolated decentralized chains and centralized databases. And PARSIQ solves this. + +Wait…do projects like LINK and BAND not already do this? + +The answer to this would be no – they don’t. They only handle the real-world-to-blockchain half of the equation. They are not complete. + +PARSIQ’s technology handles the blockchain-to-real-world half. And in addition, they are also developing reverse triggers which will enable the entire cycle of real-world data moving on-chain and then trigger off-chain events. + +This is a game-changer! + +Why PARSIQ will be a top 10 project? + +PARSIQ is creating the future of blockchain + +Already with over 30,000 registered users and the largest DeFi and centralized companies flocking to make use of this technology, the scope of the opportunity at PARSIQ is difficult to imagine. We see this as a highly convincing opportunity to be part of a 100x project. + +If you’d like to buy PARSIQ, then head over to CoinMetro and + +[buy PRQ with the lowest fees](https://coinmetro.com/?ref=coinesper) + +This is my top pick for a crypto which will explode in 2021. + +[Learn more about PARSIQ on their homepage ](https://www.parsiq.net/en/) +There is a building near me for sale (Milwaukee County, WI) with bar in front and 2 bedroom/1 bath rental in back for $150,000 (rent is $750). I have no experience operating a bar, thought I could lease to someone who does. Building looks to be in pretty good condition. Why would it be a bad idea? +“The internal rate of return is a discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.” + +WTF :/ +Is this a situation that needs to be addressed in the lease? + +If so, what can I do to protect myself somehow in the case of tenant breaking the lease early? +Is this a situation that needs to be addressed in the lease? + +If so, what can I do to protect myself somehow in the case of tenant breaking the lease early? +I'm looking to purchase my first property to rent out to people. I'm still quite young with little to no experience in the real estate market, but I'm eager to learn. + +Would this be an appropriate time to purchase property? I'm assuming the pandemic would result in much cheaper property prices. + +What are your thoughts? +After buying my first rental property earlier this year and seeing how little work my agent had to do to receive her 3% commission (I'm sure that's not always the case but in this instance it was) I felt like the next purchase I would try to find a way to go my own and capture some of that percentage as a discount. + +So today I talk to a listing agent for a property that looks good on paper. I called him to talk about the house. He assumed I was a realtor and provided me the code to get into the house myself. I thought it was strange but as I'm a bit green here I rolled with it. I called him back after checking the place out to discuss making an offer. It was at this moment he realized I was just an individual and was a bit flustered - I guess he wasn't supposed to allow unaccompanied access to the residence w/o an agent present - but we continued on and I told him his secret was safe w/ me. I mentioned maybe using my own buyers agent and he jumped to say he would cut me some of his commission to close this w/o me using an agent. Now this was just what I had been looking for! + +Our discussion went over what my offer would include and I SPECIFCIALLY stated I would need inspection and appraisal contingency. There was no misunderstanding in that communication I am positive. However.... as I read the offer contract he just sent over for me to sign I see the box is checked that says "BUYER WAIVES THE RIGHT TO HAVE INDEPENDENT INSPECTIONS". + + + +Question I have now is, am I understanding that checked box correctly (again, fairly new to these contracts)? If so, was this intentionally marked that way or was it a mistake? And if intentional, should I pursue anything beyond a phone call with him? + + + +What would you do in this position? Do you still pursue the deal with another agent representing you? Try to salvage the deal with this guy assuming it was an honest mistake and get it corrected? Move on totally? + +Hi, I have a house I used to live in that I converted to a rental in 2013 in the Denver, CO suburbs. I’ve rented it continuously since with out issue. However as life gets busier I have less time to manage it and wondering about routes to offload it. Initially I just thought I’d keep it until I could move back into it, but looking for other options. + +I bought the house for $170k in 2008 and it’s probably at about $475 now. It rents for $2200 and is fully paid off. + +I know ultimately my move will be to consult a tax expert but wanted to ask about high level options that would reduce cap gains, depreciation payback, etc... + +I know this is a pretty basic question so if there is just something I should search this subreddit for or good references to point me to that would be appreciated. +I have someone in my family who's interested in investing with me on a silent partner basis with some short-term rentals. Here's how we're thinking of structuring the partnership: + +- Investor fronts the up-front cash, including down payment and setup. No real involvement after that. +- I take on the debt for the property as well as the management. +- Investor and I share a portion of the cash flow as well as a portion of the proceeds when we sell the property. + +This is my first partnership, so I'm open to suggestions, and nothing is finalized yet. I figure if we split up what each party brings to the table like this (cash vs expertise and operations), it's easier to stay in our own lanes and establish clear expectations - which is really important for me when doing this with family. + +What has your experience been with silent partners/investors? Raising capital from family? Does this seem like a reasonable plan? + Airbnb, DoorDash, Roblox and Wish are all expected to to go public before the end of next year according to [CNBC](https://www.cnbc.com/2020/11/12/airbnb-doordash-wish-roblox-ipos-all-expected-before-year-end.html?utm_source=morning_brew). + +So, what IPOs are you excited for and why? +**Dow skids nearly 600 points and stock market's losses deepen as Fed's Powell says faster taper may be warranted amid omicron** + +> U.S. stocks saw losses sharpen late-morning Tuesday as Federal Reserve Chairman Jerome Powell suggested that a more rapid tightening of financial conditions may be warranted as the omicron variant of the coronavirus that causes COVID-19 complicates the economic recovery and potentially intensifies supply-chain bottlenecks. + +I'm confused, shouldn't be the opposite? What the economy needs now is more 'easing' instead of 'tightening'? + +https://www.marketwatch.com/story/dow-skids-more-than-400-points-and-stock-market-losses-deepen-as-feds-powell-says-faster-taper-may-be-warranted-amid-omicron-2021-11-30?mod=mw_latestnews +According to a prominent leaker, Grand Theft Auto 6 will pay players in-game cryptocurrency rewards for completing some missions, as per report by U.Today. + +As claimed in a June 3 tweet by famous leaker Tom Henderson, the next instalment of the iconic franchise will pay players rewards in crypto instead of cash for completing some missions:  + +*I heard recently that in GTA 6, some missions will reward you in bitcoin instead of cash for completing some missions.* + +Henderson also says that the game will add a broker for various cryptocurrencies, which he believes would be "huge" for the industry.   + +The insider adds that the in-game cryptocurrency is unlikely to be called “Bitcoin” per se, but it will be cryptocurrency. +Example: If a stock is $50 and has VERY strong support at $35, would you prefer to sell a CSP at $40, $35, or $30? + +One could argue to sell the $40 strike, because the support might save you from taking heavy losses. + +One could also argue to sell the $35 strike, because you will only lose money if the stock breaks through the strong support. + +Finally, one could argue to sell the $30 strike because even if the stock breaks through the support, it is still OTM and could be closed/rolled if desired. + +Which argument is the strongest? +I’m new to CCs and CSPs so please be patient with me. I’ve been thinking about how to start profiting off of premium and one idea I had was to buy a stock (from an IRA account) in the $5-$10 range close to it’s 52 wk low, but on an uptrend. With the expectation that the stock will continue to rise. I’d go long the stock below the nearest option strike price. Say for instance the stock was trading at $7.90. I’d buy at $7.90 and sell weekly CC’s at a $8.00 strike with the hope of being called away. I’m not interested in holding the stock long term, in fact I’d rather not. I just want to sell premium and profit off the difference between my cost basis and the strike price. I’d like to make between 3%-5% on the trade. A real life example would be RAD. + +It seems to me that if I bought at $7.90 x 100 ($790 initial investment) sold a weekly CC at $8.00 for $0.20 plus the $0.10 price improvement, I’d profit $30 on a $790 investment or 3.8%. + +What’s the downside to doing this at a larger scale besides transaction costs and the potential for the stock to move against me? I’m genuinely trying to learn, so any help is appreciated. +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 bragging to a minimum; remember every dollar you make is a dollar someone else lost. +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 bragging to a minimum; remember every dollar you make is a dollar someone else lost. +I joined Theta Gang because I'm tired of losing money. +Startes my wheel strategy, but I was wondering: +Should I sell puts on multiple cheaper stocks - so I have a more diverse portfolio Or should I start with the more expensive ones and just have less plays at once? +First of all, this is not financial advice. These are just my personal opinions based on observations of what Matt Furlong said today. + +When I was listening to today's conference call, of everything bullish that I heard, there was one sentence that really jacked my tits, and a few others that supported it. And here it is: +*"We intend to build up our cash position by the end of fiscal year 2022, assuming the operating environment permits."* +Some key words for the smooth brained apes here. The word OPERATING is key. +I'll take you back to college, accounting classes, where many apes may not have been because behind by the Wendy's or feel asleep in classes. +So in accounting, there is something called a Statement of Cash Flows. +It talks about how cash flows in the company. +There are 3 main sections: +1) Cash flows from (or used in) operating activities, +2) Cash flows from (or used in) investing activities, +3) Cash flows from (or used in) financing activities. + +That's it. Money can either come to you, or go from you, in one of these 3 activities. +The fact that Matt mentioned the word OPERATING indicates it'll likely be in this section of the cash flow statement, that Gamestop intends to "build up our cash position". +How do you build up your cash position through OPERATING activities? This is primarily your business. You intend to be making cash from your business. + +So without giving guidance, it appears that they're expecting to be making money from their business. + +So based off of that, then the CASH BALANCE INCREASING based off of what Matt said today. + +And not only that, timing-wise, he expects this "by the end of fiscal year 2022". Which for Gamestop, is January 31, 2023. About 10 1/2 months away. + +So it appears they expect to be making cash from their business within the next 10 1/2 months. Whereas they raised money last summer, this appears to be from their business. + +And what business was highlighted on the call as 1) expecting to launch before July 31, 2022 ("Q2"), and 2) they're going after an addressable market of $40 billion dollars? Their NFT marketplace. + +Further, it appears that it may be more than just the NFT marketplace according to the call with Matt today. On the call today, he says they're going to "make targeted bets in blockchain gaming AND CRYPTO CURRENCY". Not just NFTs, but CRYPTOCURRENCY too. +Further, he says they've invested "to drive the development of initiatives SUCH AS our NFT marketplace". Why didn't he say "to drive the development of our NFT marketplace", but instead, the NFT marketplace is just one of multiple initiatives apparently. And they touched on Cryptocurrency and who knows what else more. + +Look, my thoughts are from a market perspective I'm wholeheartedly about registering my shares in my own name, and who knows maybe there could be a MOASS based on trading and market dynamics, but I've invested in a technology company, and my personal opinion is I am planning on hiding my shares for at least 5 years and to avoid the FUD and the bigger players trying to shake people out. + +I read an article saying what the best performing accounts at a particular brokerage house were. They were the accounts of people who forgot who had the accounts. The next best were accounts of people who had died. + +Good luck to all. +Walmart is investing in NVIDIA chips, which are high-level graphical processing units (GPUs), in order to build out its cloud network, Retail Dive reports. +http://www.businessinsider.com/walmart-nvidia-cloud-2017-9 +Hi all, + +First, sorry if this isn’t quite the appropriate place for this question - happy to move it, if you can tell me where. + +At the end of all this, I’d just like to know if you think our solution is a reasonable one or if you think there might be a better approach. This is happening no matter what, so the question is how to mitigate the disaster. + +The story is a little long, so I’ll do my best to briefly summarize. My brother was let go from his job last fall because the funder for one of his contracts did a random, but very thorough background and found something from 20 years ago that my brother had no idea would be on his record. That’s a whole other story, and for the most part actually ended happily (see: edit2). + +While he was unemployed he kinda freaked and bought a large truck (like, 18-wheeler), so that he could lease it out to our father who’s a lifetime truck driver and receive a portion of whatever income that generates. He borrowed money from his 2 cousins with the promise that as soon as the truck started making a profit he would pay them back. + +Fast forward several months and the truck is still parked where he got it and he hasn’t been able to put it use (for many reasons, it’s kind of an old truck, many of the companies are very specific about what they need in the truck *and* he’s very adamant he wants our father as the driver so he can find him work (currently unemployed)). + +My brother has asked our mom (63) if she can take out money from her 401k to pay the cousins back and that he will pay my mom back in whatever way her 401k provider needs. The provider allows her to take a loan out against her 401k and just pay it back in monthly increments. + +My brothers still holding out hope that the truck will be put to use (he’s basically been applying for jobs for my father, citing the personal ownership of a truck which is always a plus in that world), but he says that if he can’t find anything by August he’ll just sell it off. So in either scenario (truck works or truck is sold), once the 401k payments start, he’ll be able to pay my mom back. + +One small quirk about the payments is that they’re actually going to be removed from my moms paycheck directly until she retires (in 2 years) so my brother will be making payments to my mom first and then, if money is still outstanding after 2 years, will pay the provider directly in loan coupons. Might not be relevant but just thought i’d mention. + +So finally, they’ve landed at choosing a 60month payback period (longest you can go) and my brother will pay my mom on the 1st of every month for the 2 amounts she will see taken away from her paychecks (and we’ll figure out the 3 paycheck month). If the truck is sold, you can kinda pay off the whole loan at once (i’m sure it will be sold at some loss, so he’ll have to figure out the difference). But if it generates income and he starts to do monthly payments, then we decided we would open another savings account where he would deposit any extra money on top of the minimum monthly payment he’s making. Eventually, when the amount in that savings account equals the amount still owed in 401k, he’ll just pay the rest off. + +Does that sound reasonable? Any other suggestions? + +My mom works very hard (kinda manual stuff) and I’d hate to see her suffer in any way. I don’t have any real resources to help, so i’m really just turning anywhere for some insight. + +Edit-1: the best overall solution is not doing it at all. that is obvious to me, but like i’ve tried to make clear, mother is doing this no matter what. the most i could do is suggest my mother give him some strict terms. + +Edit0: the advice ask is how to mitigate the possible setbacks from the inevitable loan. + +Edit: i’m pretty sure he can’t get a loan on his own. + +Edit2: brother has a job now (but as of a month ago, not this whole time) + +Edit3: the 401k loan will not come due when she retires (verified with the 401k provider). i called specifically about this, seems like things stay the same but the method of payment changes (from direct paycheck cuts to loan coupons) + +Edit4: just so the perspective is right, this wasn’t my brother venturing out into a possible source of wealth. he was unemployed with 2 hungry kids. the man was desperate. but as edit2 says, he has a job now. + +Edit5: parents are long separated + +Edit6: the loan is a non-negligible percentage of the 401k, like a quarter to a third i’d say. + +Edit7: just took a non-essential sentence away that inspired some unproductive posts + +Edit8: brother hasn’t verbalized it in so many words, but i suspect he feels greater shame being in debt to cousins who he grew up with than to his mother +I am looking for small towns that have not been discovered yet to buy RE now and retire there in the next - 7 years. Looking for plenty of natural snow, ideally sunny days. Tried Sun Valley, already too crowded and super expensive. Schweizer is on the list to check out. Steam Boat is getting too big and expensive as well. What other recommendations do you have? + +Here are 4, except whistler in bc + +https://www.hellobc.com/stories/discover-unique-BC-ski-towns/?utm_campaign=21-22_ski&utm_medium=social_paid&utm_source=fb-insta&utm_content=single-image_godeeper-culture-activate-kr_v04-skitowns_us-wa_25-64-adventure-travel&fbclid=IwAR2N-o7iabnq4P8o7oZCa4lrhSO5pVlGxe6x9bX3pV_07MUQ-Oo2zn46-kw +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! +IE... + +you get money(someway some form... illegaly/or legally) + +way more than can be accounted for through your employement/or frugal spending. + +will the IRS automatically know, or only if they audit you? + +if they do ask about it and you don't have an answer(don't tell them/ just say I got it etc) what happens then? + +... + +hypothetical at this point +Hey all, long time lurker, first time poster. +To start, I am an American living abroad in Germany. As such, I want to ensure that I have plenty of rainy day money on hand in case anything happens. + +I am wondering if any of you all could provide some feedback into how I’ve currently allocated my money. + +38% - vanguard balanced index fund (60% stocks 40% bonds) +19% - voo etf +7.8% - Apple +9.7% - high yield savings +3.64% - normal American checking acct +1.17% - random stocks +20% - European checking account (no interest) + +Globally viewed its: +65.78% investments +9.7% high yield savings +24.52% cash + + +I am wondering if I am way too cash heavy,if I have too much money in “too safe” of an index fund, etc + +Thanks +17k saved up, total income after expenses is $1.6k per month and student loan total is $27k. Is there any downsides to throwing $10k at it immediately and then doing a large monthly payment plan ($500-$700) after the $10k…I’d like to get rid of my student debt ASAP. + +Only downside I can think of is potentially missing a return in the market, but I’d say getting rid of debt is more important to me for the psychological benefit of not having to owe money. +After lurking here for a bit and reading a bunch of posts, I have pulled the trigger and dumped a one-off lump sum (15k) into my investment account. I plan to use DCA to invest on an ongoing basis (utlising the often referred to [Investment Frequency Calculator](https://investcalc.github.io/)). I will be putting about 2.5k in every 5 fortnights. + +I have decided to go with: + +VGS - 75% / VAS - 20% / VGE - 5% + +Given that I have 30+ years until retirement I think I should fair pretty well - the important thing is that I actually acted! + +Massive thanks to this awesome community for a wealth of knowlege and resources (pun intended) which greatly helped me to narrow down my decision. + +Feel free to add in any advice as you see fit. There's always a lot to learn. +Hi all, + + +Am 28 and in a bit of a cross roads... + + +Left my job in I.T after 7 years to start a new career, paid an extra $200 a week (60k p/a vs 48k p/a). However 7 months in, im not enjoying it at all, im sad and depressed most of the time. My old work has offered me to come back, i really enjoyed the I.T industry. it's at the point where i come home depressed and friends and family worry that they never see me anymore as im working heaps and always so tired. + + +Anyone else been in a similar position? what did you do.. i dont have any crazy financial burdens (1 investment property mostly covered by rent) + + +Your feedback is greatly appreciated :) +I checked the "About" page but couldn't find any links for what is probably a common question. (Perhaps this isn't a good sub for personal finance?) + +I'm looking for the general advice for keeping the TCO low for car ownership. I've moved from the UK where 3-5 year old low mileage cars are usually a good bet. Is it the same here? +So, BTC just dropped quite a bit. Fuck, not even a bit. It crashed. Can't even say "when in doubt scroll out" kind of crash because you can still see the spike downwards. So, what are you guys going to do with this crash? I'm just planning to DCA and hope for the best. + +I'm also slightly concerned about this though. BTC has been in the red for most of the month (Nov 4th to Dec 4th) and it's just been a steady decrease. + +For the long-term holders, you guys *should* be fine. If this is long-term (which I highly doubt), then that'll be a problem. Short-term holders, I wish you guys the best of luck. And for those who said 100k EOY for BTC, please don't inhale too much copium /j. + +Good luck, and have a good day everyone. + +Edits: Grammar & word choices +Many of the dividend calc apps I’ve seem to focus on current state only. 500 shares of T will earn you x dollars a year. But what if I put $200 a month in T what does year 8 look like? +Hello all, + +I am interested in hearing some more about the cons specifically of starting a Roth IRA. From my initial search, I can't seem to see any downsides other than the capped annual contribution, which isn't really a con. Are there any tax concerns during withdraw? Its going to generate a lot of capital gain over time, so do I pay the taxes on that annually or just as income tax when I begin to withdraw down the road? In theory, I would strategically withdraw with my taxable income in mind, as to avoid entering a higher tax bracket. I am also open to any other ideas or critiques. Some numbers to help understand my situation: + +Age = 25 +Annual Income = $75k + Stock Options, Bonuses, Raises, etc. +401k = $45k in a target date fund, contributing 10% + 3% match, no vesting period +Personal Portfolio = $60k in stocks and etfs +Liquid = $10k in Checking/Savings +Debt = $5k Car Loan (Value > $20k) +RE = 50:50 owner of $275k home (Equity \~$40k) +For instance, a lot of the time these days people complain about how evil Comcast is. What if ever single person who despised Comcast donated $60 (about their share price) to a central, crowd-funded organization who then used the accumulated millions (or billions, if a VERY large amount of people participated) to buy up a majority stake in the company, then used said influence to force Comcast to change their business tactics? Obviously, Comcast is huge, so this most likely wouldn't work at that level. + +What I'm wondering is if there are any laws/regulations in place that would keep this from being able to happen? +You missed a stock, rally, or put chance? It's ok. It'll come back, at a better price too. + +What if it doesn't? It's ok. There are other stocks, other opportunities that will line up for you. + +Don't track every minute of the market. Don't read every single post claiming to have rocketed to the moon. Choose some solid stocks, make your own plan, and avoid the "yolo i am all in" approach. + +Personally, I see stock market as a supplement to my humble paycheck. I'd love to someday see it get to the moon of course, but so far my patient approach has kept me content. I take a few bites here and there, keep adding to my portfolio and occasionally sell too. I make mistakes too, but within my limits. And sometimes it sucks to see how little I make in comparison to the more sophisticated, rich players. But I am proud of all that I have so far, and everything I have, starting from scratch just a few years ago. + +Go watch some Seinfeld. You deserve it. + +&#x200B; + +Edit: Thanks for your positive messages, comment and awards! This is my 1st post here, glad I could connect. +Guten Morgen to this global band of Apes! 👋🦍 + +As we approach the end of the month, the SHFs have continued to short to suppress the price. +Looking back at the chart for the past two months, it's obvious that their algorithms are pinning the price within a range. +The astonishingly low volume of this month has coincided with the highest short ratios ever reported. +It is all a natural consequence of having so much of the company's shares locked away at ComputerShare. +DRS is making a difference, and I *love* that new is awash in purple rings getting counted before the quarter's end on Monday. +With just a few more days before the deadline, can we set a new record of DRS velocity? + +Today is Thursday, October 27th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$25.74 / 25,68 €** *(volume: 1649)* +- ⬜ 115 minutes in: $25.74 / 25,68 € *(volume: 1599)* +- ⬜ 110 minutes in: $25.74 / 25,68 € *(volume: 1589)* +- 🟩 105 minutes in: $25.74 / 25,68 € *(volume: 1589)* +- 🟥 100 minutes in: $25.73 / 25,67 € *(volume: 1589)* +- 🟥 95 minutes in: $25.74 / 25,68 € *(volume: 1586)* +- 🟥 90 minutes in: $25.78 / 25,72 € *(volume: 1586)* +- ⬜ 85 minutes in: $25.80 / 25,74 € *(volume: 1377)* +- 🟩 80 minutes in: $25.80 / 25,74 € *(volume: 1374)* +- 🟩 75 minutes in: $25.52 / 25,46 € *(volume: 1240)* +- 🟥 70 minutes in: $25.46 / 25,40 € *(volume: 1156)* +- 🟥 65 minutes in: $25.70 / 25,64 € *(volume: 1036)* +- 🟥 60 minutes in: $25.71 / 25,65 € *(volume: 1036)* +- 🟥 55 minutes in: $25.72 / 25,66 € *(volume: 1036)* +- 🟩 50 minutes in: $25.73 / 25,67 € *(volume: 1036)* +- 🟥 45 minutes in: $25.72 / 25,66 € *(volume: 1036)* +- 🟥 40 minutes in: $25.73 / 25,67 € *(volume: 1036)* +- 🟥 35 minutes in: $25.73 / 25,67 € *(volume: 976)* +- 🟩 30 minutes in: $25.73 / 25,67 € *(volume: 976)* +- 🟥 25 minutes in: $25.72 / 25,66 € *(volume: 592)* +- 🟩 20 minutes in: $25.74 / 25,68 € *(volume: 532)* +- 🟩 15 minutes in: $25.73 / 25,67 € *(volume: 532)* +- 🟥 10 minutes in: $25.72 / 25,66 € *(volume: 515)* +- 🟥 5 minutes in: $25.73 / 25,67 € *(volume: 505)* +- 🟩 0 minutes in: $25.74 / 25,68 € *(volume: 70)* +- 🟥 US close price: $25.42 / 25,36 € *($25.83 / 25,77 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0023. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +With all the hype for the Korean traders going on (there are many who have been in since at least January btw). Many of you know they identify as 'Ants' as we do 'Apes'. + +&nbsp; + +I thought you all would be interested to know that the Korean word for 'Ant' is '개미' which translates phonetically to GaeMi or GaeMe. GME? Coincidence?!? yes.. OR IS IT?! +Nothing is more condescending and unhelpful than to be told that your financial woes are due to your poor money management skills. This is the poverty finance subreddit.. you’d think of all the places for people to understand that it would be here. Bad luck happens! + +Regarding my previous post, many people told me that an inheritance would not help me because I’m likely struggling due to my own mistakes. That’s simply not the case. + +I make enough to put away about $1000 each month because I live below my means, but due to circumstances entirely out of my control about a year ago I had some major expenses that set me back thousands of dollars. Think medical, car troubles, vet costs, etc. All surprise freak incidents that happened in succession and completely ruined me. + +Some of us just need a hard reset. Sometimes budgeting and getting a slightly better job is not enough. Sometimes once you fall it’s just not possible to get back up. We’ve all read stories of people being bled dry by medical expenses especially, completely unable to recover for the rest of their lives. It happens. + +Stop pointing the finger and have some sympathy for one another. +It's really fascinating to see so many companies that have fallen sharply below their pre pandemic levels, despite having two years of growth behind them. + +Where the markets already overvalued in 2019? Or had the recent panic a big irrational overreaction? I would be interested to hear some opinions + +Off the top of my head, I can think of Facebook, Spotify, Roku, PayPal and maybe Netflix all examples of companies that have taken a round trip back to 2019. Any other names out there? +Lets say I bought a stock at 20$ and then again when it was at 35$. + +Now the stock has reached 40$ and I went to sell some of it. + +How do I know if it will be selling the stock that was purchased at 20$ or 35? +Why does SPY have so many more tradeable options compared to VTI. I am using the TDA app if that matters. For VTI options expire every third Friday with strike prices in $5 increments. For SPY there are expirations every MWF with strike prices in $1 increments. Is there a reason why SPY is so much more common for options trading? I would expect there to be similar interest. + +Does anybody do covered calls on VTI instead of SPY and what strategies are you using? I recently transitioned from more volatile positions into VTI and want to do CCs on VTI but it looks like it may make more sense to buy SPY for this instead. Thoughts? + +Edit: I tried to Google for an explanation but could not find anything. I've also followed this sub for awhile and have not seen any similar questions or explanations. +A squeeze can't be avoided, if we all keep patient and just hold our stocks, buying makes it more terrible for the HF. + +There is a high chance that we will see multiple squeezes until a mega squeeze if we just hold. + +Let me explain. There are naked shorts, this is not allowed by law. But you have 13 days to cure the situation. Means, in 13 days you have to borrow the stock from someone. + +During the last days other HF joined the party and shorted the stock as well. This is what we have seen the last days. The stocks got down. + +I'm really really proud of you my lovely retard apes. The majority of you hold the stock. That what we have seen Friday was a first panic of the HF's closing positions to start lowering the risk. + +The HF have to pay each price after that 13 days to close their position. No possibility to avoid, it is set by law. + +There are way too many naked shorts on the market. The HF will try to bring the price down each day until that 13 days are over. + +The price that we are seeing when it goes down is artificial, this we are seeing by the very low volumes. + +It does not matter what the price of the stock is, after this 13 days, they have to pay each, really each price that is available on the market. 1-2 weeks I expect a smaller squeeze which shall show you it's over. + +[Please read this post here,](https://www.reddit.com/r/wallstreetbets/comments/le6v6v/the_interstellar_yoyo/?utm_medium=android_app&utm_source=share) it is explained there very well. + +For me it seems that it can happen. + +We hold...hold....no matter what the price is on the market...hold...hold...and we get each price what we want for our stocks until the ones with the shorts have no money to pay us out. + +Sounds like a joke or not? Read the above link, think about it. + +Than. Hold. Just hold. + +Believe in all the other apes there outside that they will hold as well. + +Believe in us apes and we will change our lives forever. + +I know, it sounds like a joke + +I know, this is the first and maybe only time it can happen. Such a one time chance. + +Do you believe in me? I believe in you. I hold. + +. +. +. + + + +Edit (important links): + +https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/?utm_medium=android_app&utm_source=share + +Must read post: https://www.reddit.com/r/GME/comments/lkn45r/three_links_in_this_post_extremly_important_info/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/GME/comments/ll1qb8/list_of_etfs_that_hold_gme_shares_and/ + +Must see video: https://youtu.be/zbivjqpJGLo + +https://www.reddit.com/r/Wallstreetbetsnew/comments/lkwfgf/more_data_on_the_hedgies_bloodletting_thanks_to/ + +https://www.reddit.com/r/wallstreetbets/comments/le6v6v/the_interstellar_yoyo/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/wallstreetbets/comments/ledjwa/how_there_is_no_mathematical_way_shorts_were/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/wallstreetbets/comments/lew1td/you_need_to_read_this_its_not_over_best_dd/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/wallstreetbets/comments/lef1aq/the_anatomy_of_a_coming_disaster/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/Wallstreetbetsnew/comments/leownx/gme_and_melvin_are_tools_for_trillion_dollar/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/GME/comments/lf7rg6/2_billion_dollars_every_25_days_even_if_they/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +https://www.reddit.com/r/wallstreetbets/comments/lgb0h7/tonights_si_report/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/Wallstreetbetsnew/comments/lgkryd/gme_si_update/ + +https://www.reddit.com/r/DeepFuckingValue/comments/lgmn1y/this_has_been_deleted_from_other_subs_but_im/ + +https://www.reddit.com/r/Wallstreetbetsnew/comments/lgld92/7846_what_it_tells_us_about_gme/ + +https://www.reddit.com/r/Wallstreetbetsnew/comments/lgpch1/naked_shorting_in_gme_and_how_the_pieces_suddenly/ + +https://www.reddit.com/r/Wallstreetbetsnew/comments/lgpim2/shorts_have_not_covered_and_i_have_proof_please/ + +https://www.reddit.com/r/Wallstreetbetsnew/comments/lhkyyn/gme_138_short_interest_and_193_shares_on_the/ + +https://youtu.be/FV_TfD_nupw +Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + *** + +The thread guidelines are as follows: + + * Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + * Breaking news or other important content should be submitted as a separate post. + * Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, [see here](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/). + * Follow the golden rule and be excellent to each other. + + *** + +Resources and Tools: + + * Consider joining one of the r/CryptoMarkets chat groups, [see here](https://www.reddit.com/r/CryptoMarkets/wiki/chat). + * If you are using RES, please click the subscribe button below to be notified when new comments are posted. + * 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. + + *** + +Thank you in advance for your participation. Enjoy! + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! +Don’t get me wrong, I’m just presenting different perspectives. I mean people investing in crypto a project without knowing if it’s legit or a scam? And please, don’t tell me that they’re free to spend their money however they want. + +Take also for example NFTs that made a shock to the society especially after selling ape pictures for 300k$. This got everyone interested to rush towards NFTs as a source of investment and profit, but now statistics prove that this interest has been declining lately. Is it because they found it’s not that easy? + +While everyone is eager for money, I look forward to practical implications, hoping that NFTs being random pictures will have a beneficial role such as keeping documents safe, or promising real value to owners, even improving ticketing, and contributing in many other good benefits. Same as for cryptocurrencies, instead of just being an ecosystem of investments, be a world of change and exchange. + +So I personally, believe in projects that generate utility, that have a solid community of people being built around similar interests, that have roadmaps and white papers explaining their future importance and contributions. + +Polygon Matic is my favorite example, as I’m a massive believer in Polygon’s aim and vision. The amount of growth we’ve seen since 2021 is further proof, and yet the team doesn’t fail to surprise us with new technology. And now many are waiting, so am I, for the new products that’ll be exploding their ecosystem as they claim. + +Let’s forget a bit about profit, and focus on utility and benefits for us and for everyone around us. +Don’t get me wrong, I’m just presenting different perspectives. I mean people investing in crypto a project without knowing if it’s legit or a scam? And please, don’t tell me that they’re free to spend their money however they want. + +Take also for example NFTs that made a shock to the society especially after selling ape pictures for 300k$. This got everyone interested to rush towards NFTs as a source of investment and profit, but now statistics prove that this interest has been declining lately. Is it because they found it’s not that easy? + +While everyone is eager for money, I look forward to practical implications, hoping that NFTs being random pictures will have a beneficial role such as keeping documents safe, or promising real value to owners, even improving ticketing, and contributing in many other good benefits. Same as for cryptocurrencies, instead of just being an ecosystem of investments, be a world of change and exchange. + +So I personally, believe in projects that generate utility, that have a solid community of people being built around similar interests, that have roadmaps and white papers explaining their future importance and contributions. + +Polygon Matic is my favorite example, as I’m a massive believer in Polygon’s aim and vision. The amount of growth we’ve seen since 2021 is further proof, and yet the team doesn’t fail to surprise us with new technology. And now many are waiting, so am I, for the new products that’ll be exploding their ecosystem as they claim. + +Let’s forget a bit about profit, and focus on utility and benefits for us and for everyone around us. +2018 was supposed to be the year of the STO (Security Token Offering). Real estate, agriculture, stocks, just about any asset can be digitized and issued using the blockchain. Unfortunately at that time, the world was not quite ready for this revolutionary and disruptive technology. Fast forward the clock several years to today, and now the regulatory and technological roadblocks that once hindered these projects are now clear. Countries are becoming more progressive towards cryptocurrency and are ready to utilize it with a real and legitimate use case on the blockchain. + +Below, is a quick look at 3 projects hanging around from 2018 that are now ready to revolutionize the industry. + +&#x200B; + +**Smartlands (SLT)** + +This is a small cap gem that has huge growth potential. The Smartlands platform will be going live very soon, and is currently in negotiations with several JV's and HNWI's about potential projects to launch on their platform. (The CEO is also currently in negotiations with a Tier 1 exchange.) Smartlands leverages blockchain technology to reduce cost of upwards 50% to entrepreneurs raising funds, companies digitizing and issuing their assets on the blockchain, and fund managers who want to digitize their funds for investors. This platform uses the Stellar network, which utilizes the Stellar Consensus Protocol to efficiently verify transactions on the blockchain. The SLT token will be used to pay for fees on the platform, and 33% of fees received will go back to SLT owners who have their tokens staked. This project is one to keep an eye on and has great potential ROI in relation to it's current market cap. + +Max Circulating Supply Only 7.1 millions Tokens + +Market Cap 33 Million + +Current Price $6.54 + +&#x200B; + +**Polymath (POLY)** + +Polymath is another platform that can be used to create, issue, and manage assets on the blockchain. The Polymath network is a decentralized platform, and the POLY token is its utility token. This token can be staked and is used as "Fuel" to run transactions interact with smart contracts on the network. Polymath's all time high was $1.56, and is still a way off from its current price, so it should have some good growth potential there. The Polymath network is set to go live with Polymesh at the end of March and is readily available on most exchanges. + +Max Circulating Supply 1 Billion Tokens + +Market Cap 260 Million + +Current Price $.43 + +&#x200B; + +**Ravencoin (RVN)** + +Ravencoin is a digital peer to peer network that aims to implement a use case specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. RVN is actually a fork on the bitcoin code and has been around since January 3rd, 2018. It utilizes POW (Proof Of Work) to verify and initiate the transfer of assets on the blockchain. RVN has been on quite the run lately, and in over a little over a month it has gone from $.07 to $.18. + +Max Circulating Supply 21 Billion Tokens + +Market Cap 1.5 Billion + +Current Price $.18 + +&#x200B; + +I wanted to keep it short and concise on each project, but to do it real justice I would need to write a lot more information. These projects will are poised to do really well because they have a real use case that is ready to be unleashed. Please feel free to comment below about anything I left out or about exciting things that are coming up on the projects listed! +Earlier today, after studying on the current bitcoin cash jump when I noticed it might be a thing, I decided to flip a big chunk of my eth holdings over to BCH to ride this wave, which I guessed was going to be sizeable. As always, cursing myself for not having seen this earlier, but confident there was some motion left this early. + +I popped over to Changelly.com -- where I've done several small quick coin swaps before -- and noticed the site was a little sluggish and there was a single sentence above the trade bar that said they were experiencing delays. My transactions have always gone through in 15 minutes or less in the past, so I figured if they were having a rough time it might be an hour or even at worst two, so it should be fine. Probably just that good ole blockchain IPO/bull slowness. If it was taking half a day or something they'd probably stop taking orders, or put a rough estimate of the slowness, or just go down. + +I set up the swap, dropped the coins on my end to their wallet address and waited to see how my exchange rate turned out. I was watching small swings in the rate, 1-2 bch and figured I'd be all right. After an hour there wasn't anything. I went for a run and came back expecting to see the swap complete. + +Nope. I emailed support. I really just wanted an ETA so I could be less tense about it or have some ballpark figure of how long I needed to go distract myself and ignore the pump. They responded pretty quickly assuring me, "Everything is stabilizing at the moment!" + +I go out and run some errands, figuring in another hour or two I'd have my money. Nope again. It ends up being 8 hours before they deliver. In that time BCH has gone up 40%. In fact, I looked at the chart a bit later. The BCH was delivered to me at the peak price, which we're currently a bit down from. + +Somehow, in this BCH run that I decided to jump in on at 1250USD and expected to cash out on at 1500USD -- and made the trade -- I lost 10k. + +In the support email and elsewhere on the website, they say "We never hold the rate, but do guarantee that the amount was exchanged at the best available rate at that moment." + +What exactly are they guaranteeing? How can you take eight hours to deliver my swap and then only deliver it right at the peak? How is that the best rate at the moment? It seems a bit odd to me that the trade was made at that exact moment. + +At any rate, I can't really do anything but whine about it. It's not like I have any real leverage on changelly -- they delivered the package. Granted, they banged it up pretty good before dropping it off. I'm a bit pissed but at the same time, I'm the idiot who didn't use shapeshift because it's banned in Washington state. I shoulda worked around that. + +We all know how things seem a little odd at many exchanges. If any given regular trader owned an exchange, I'm sure there'd be thoughts of using that flow of value briefly, just like a bank does. I suspect that Changelly indulged in a bit of that. Many of these exchanges and swap websites are short on communication and accountability and long on the benefits of a completely new tech space with no one's eyes on them. + +If anyone was wondering, I don't recommend Changelly.com. Stick to Shapeshift. I hope I can break even on this bull run. Call me an early adopter of the next dip. + +tl;dr Changelly took its dick out in front of me and jerked off with my implicit consent. +Please limit discussions about the Fed rate hike to this post. + +The FOMC statement on the 75 bips rate change can be found here - [Federal Reserve Board - Federal Reserve issues FOMC statement](https://www.federalreserve.gov/newsevents/pressreleases/monetary20220921a.htm) + +Implementation notes can be found here - [Federal Reserve Board - Implementation Note issued September 21, 2022](https://www.federalreserve.gov/newsevents/pressreleases/monetary20220921a1.htm) + +The live press release at 2:30pm ET can be found here - [Federal Reserve Board - News & Events](https://www.federalreserve.gov/newsevents.htm) +https://www.bbc.co.uk/news/health-55145696 + +The UK has become the first country in the world to approve the Pfizer/BioNTech coronavirus vaccine for widespread use. + +10m doses should be available ‘soon’. Masks and social distancing will still. remain in place for the time being. + +Are we gonna see green today? + +GL! +https://www.cnbc.com/2019/03/29/lyft-ipo-stock-starts-trading-on-public-market.html + +>The offering marks the first debut from a heavyweight class of tech companies going public in 2019. + +>Lyft revealed skyrocketing revenues in its initial IPO prospectus, but posted 2018 losses north of $900 million. + +>The stock's early performance will serve as something of a litmus test for public investors and their tolerance for mature, not-yet-profitable tech giants. + +Edit 2: + +Update as of 14:33 EST, it's at $81.54. +A group of friends and I have been investing for awhile and each of us has their own 'area' they focus on. In general for you own portion of capital in a sector you will defer to the opinion of the 'specialist' on where to invest it, and they to you for whatever you specialize in. There are also friends who follow along with us but do not have the time to research anything and so do not provide insights. + +This got us thinking, wouldn't it be convenient to just pool our money in a club and let everyone handle their specialty independently but the effects would be felt collectively. John handles all the healthcare investments, Brian the banking, Steve the tech, etc. From what I have read on investment clubs its pretty clear that those who would actually manage investments can all form a club together and we wouldn't need any sort of licensing. The question comes in with the silent members who do not research or invest themselves. If we had 4 people making the decisions and 6 whose money was in the partnership but they made no input, would this mean the 4 'managers' need licensing? + +Furthermore, if we were to divide the partnership in a way that the active members received more through ownership means, would this break the rules for an investment club? Ex: Brain and Steve form an investment club and both contribute $50,000. Brain manages and makes all investment decisions so he gets a 60% interest in the LLC while Steve gets 40%. From my own understanding and research it seems this should be allowed under 'sweat equity' rules but I know investing is subject to special stipulations. + +And yes, I am aware of the old 'never invest your friends money' saying but we are all adults' with experience and this represents a tiny fraction of each of our net worth's. Appreciate any input! +Hypothetically you have full autonomy over where in this lovely and diverse country of ours, where do you choose to live? +Your family and friends can be there (or not, no judgment) +Your job can be there (if you want) +And real estate prices aren’t a consideration. + +Where do you choose to live your #BestLife +https://imgur.com/a/XQGVIHl + +So due to being in iso this week we are limited to colesworth deliveries, rather than my much cheaper local grocer. + +My wife suggested a meal with cauliflower and I was shocked to see the price. Almost 3x the price and probably half the size I am more accustomed to. Anyway I refused to pay the price, my wife called me a tight arse and we moved on. + +While I feel I may have won the battle, I fear with floods, war, inflation, worker shortages, etc. I may end up loosing the war and will soon have to get used to double digit cauliflowers. + +How are you going to tackle this in your household? Assuming our wages are not trippleing anytime soon. Will you just pay the asking price? Or cut out products for good? +I realize a lot of posts on here talk about what to do after they've developed algorithms or other topics, but there isn't much on where someone should turn to to learn about the basics in depth (things like what a market is, how to understand it, etc.). Google yields a combination of "get into algo trading quick" pages and Quora posts, so I would be interested to hear the opinions on this forum. + +Does anyone know books (either textbook or regular book) or online resources that help introduce the basics/building blocks/concepts before one jumps into developing algorithms or algorithmic trading as a whole? Or even a harsh guide to algorithmic trading, akin to [this one](https://www.reddit.com/r/MachineLearning/comments/5z8110/d_a_super_harsh_guide_to_machine_learning/?st=jcjzgnbn&sh=3f81c188) on /r/MachineLearning. I am not in this for money or yielding a profit, but rather on pure interest, and am content with it taking months before I can produce something. Thank you for your help! + +If this post does not comply with the rules, please let me know and I will delete it immediately. +First post so likely don't have enough karma but on the off-chance I do, does anyone have any thoughts regarding live-training for RL? Now I know there are a lot of mixed opinions / research about the efficacy of ML/RL in trading, I haven't done any primary research myself so I'm on the fence for now. Also, I understand the timescales involved for training might make it completely unfeasible - but look past that if you can. + +Specifically, I see a lot of chat about a) over-fitting and b) not taking into account slippage & trade costs when training on historical data... In your opinion, would live (paper) trading mitigate these factors (seeing as transaction costs will be factored into the reward function) and live market conditions factored into the state (observation space)? If not, why not? + +Any advice on an appropriate reward function would be appreciated too. On the flip-side of any potential benefit gained by incorporating transaction costs into the observation space and/or reward function, I'm unsure as to how the instant negative reward (spread) incurred after opening a trade at market will impact learning... I.e., if reward is calculated on a state-by-state basis, it seems likely that the state subsequent to opening a position @ market will include a penalty (regardless of whether the trade ends up in the black or not in the longer run). Is there some hyper-parameter tuning I could do to minimise this? How would you define your reward? Or should I wipe out the penalty altogether (in which case is live-training more hassle than its worth)? + +Currently playing with any assets I have access to tick data for so this isn't really class-specific... just in general. + +Some interesting points on rewards here (and in the notebook) - [https://towardsdatascience.com/a-blundering-guide-to-making-a-deep-actor-critic-bot-for-stock-trading-c3591f7e29c2](https://towardsdatascience.com/a-blundering-guide-to-making-a-deep-actor-critic-bot-for-stock-trading-c3591f7e29c2) + +Looking forward to hearing your thoughts! +API has been working fine for weeks, now all the sudden I get: + +Failed to establish a new connection: \[WinError 10060\] A connection attempt failed because the connected party did not properly respond after a period of time, or established connection failed because connected host has failed to respond + +Anyone else getting this? +I'm interested if anyone has experience using skew and kurtosis parameters? i.e. kurtosis spikes generally signal tops and bottom while skew can determine direction. I have built an indicator to view but want to implement it into a fully auto strategy. Would love to collab on how to properly define the mean for calculation and trade management. Robustnesss issue is the variance of variance in price. + +&#x200B; + +https://preview.redd.it/wjd3anm4x1091.jpg?width=1619&format=pjpg&auto=webp&s=fbfa91016e84f260515a1241dd2afe12433e6105 +Just got out of a conversation with my manager and the above was a quote that really stuck out to me. + +First of all, "recognition" doesn't pay my bills, my salary does... but I'd like to know what you all think about this kind of managerial attitude. My place of employment, to the best of my knowledge, does not give out monetary bonuses... but we do get pizza parties when the contract wins an award fee (woo...). + +I have a story from when my mom first started working salary. She was busting her ass, putting in 45+ hour weeks, not getting paid over time, and it was really taking a toll on her. She repeatedly said she wished she was hourly so she would make what she should be but kept it up because she believed that working that hard would reflect positively and she'd get a decent raise the next year. + +The review period came and when she got home that night I could just tell something was wrong. I asked how it went and she just tossed a Snickers bar at me. She said she was "recognized" for her outstanding performance and was given a candy bar. And something like a 1-2% raise. She quit about 3 months later. + +Every time I hear a manager talk about rewards other than boosts to salary, I recall this story / memory. I think they just want to give me a Snickers and tell me to go fuck myself for working hard. Recognition is nice and all, but a $5 gift card to Subway hardly makes up for taking on progressively more and more responsibility. And really, in my opinion, kind of feels like a slap in the face... All this extra stuff I do is only worth $5 to you? Why even bother doing the extra then? + +So, again, how do you all react to the managerial attitude that there are other ways to recognize above and beyond performance other than an increase to salary? + +Maybe I'm just in a negative space and need perspective. +I’ve been reflecting on this strategy over the weekend and was curious to get some feedback. + +Is selling covered calls in retirement a way to generate supplemental income and offset your SWR? In addition, it protects against some of the downside of a stagnant or declining market. I do understand it does cap the upside in a case your shares were to be called away. + +For a few examples I was looking at June 17th 2022 options for SPY and TSLA that expire in just over 1 year from now. SPY $420 and TSLA $625 at time of examples. + +* SPY $505 @ $2.29 premium. Strike at 20% above current value gives 0.5% return on capital +* SPY $464 @ $8.22 premium. Strike at 11% above current value gives 2.0% return on capital +* TSLA $750 @ $97.70 premium. Strike at 20% above current value gives 15.6% return on capital +* TSLA $1,275 @ $25.35 premium. Strike 104% above current value gives 4.1% return on capital + +To expand using the first example, if I have 2,000 shares of SPY ($840k capital) I can generate $4,580 ($382/mo) by selling covered calls against it. Not a lot but not insignificant by any means. If the market decreases, stays flat, or increases less than 20%, I pocket the 0.5% premium and it helps offset any withdrawals I otherwise would have had to pull from principal. If the calls ever become in the money, the shares would have increased over 20% and net me $168k anyway. + +I included TSLA as many here (including myself), have found ourselves overweight in TSLA or similar stocks over the last year due to their performance. These obviously have much higher premiums due to volatility. I don’t want to pay the cap gains taxes while still generating a high income, so my focus has turned to covered calls as a way to have some downside protection which led me to this post’s line of thinking. + +There is obviously a ton more that goes into selling options, but wanted to get other’s feedback that are much smarter than me or have tried out this strategy in retirement. + +Thanks! +My wife and I are planning to buy a house this year but with utility bills rocketing and the house prices at an all time high I’m wondering if we should delay? Is anyone else feeling the same? + +We are looking at a monthly mortgage cost that will amount to about 40% more than our current rent due to house size and location. We’re fortunate enough that this new monthly cost would be about 20% of our take home pay. + +Our energy bills are currently fixed until next summer and seeing the quotes people are getting on here I wonder if it would be foolish to give this up? + +That all being said there is an opportunity cost at play here, delaying means we will pay another year or two in rent and then mortgage rates may have increased a lot by then too. Not to mention if house prices keep going up we will have to pay more for the same house. + +I know no one know what is going to happen in the future but interested to hear the thoughts of this community. +Hey! Basically, that. I was working for a start up company with ties to a Russia, and given the "special military operations" the investor pulled out. It looks like there are all sorts of dodgy financial shenanigans happening, and it's become clear they are deeply in debt to all their vendors and suppliers. It's been a work from home role, with comms only through Slack. I was told last month all the company bank accounts have been blocked for fraud relating to the Russia connection. Now the Slack domain has been deleted this weekend and our Google business account has been shut so no email contact with anyone. I'm owed 3 months wages, as well them over declaring what they've paid me to HMRC so I have a huge tax bill. I've just recently taken out a 10k loan to fund an operation I need, as the NHS waiting list is phenomenal and it impacts my day to day. Work was my sole income for me and my 5 year old. They've been great letting me work from home as she has additional needs, so I'm really anxious about finding something else that's a good fit. Oops, I'm just rambling now. + +My main questions are can I do anything about the lost wages and how do I fix the dodgy HMRC declarations? Any other advice greatly received. Thank you for reading this wall of text... +Please no judgments, I have bad credit, I have just been approved for a capital one credit card the limit is only £200 which at the moment is perfect for me just to help out and hopefully build up my credit slightly. I've googled some information about credit cards but I'm a complete novice and need just some basic pointers. +If I use some or all of the balance does it have to be paid back the following month? +If I withdraw money from the atm do I have to leave some in there for the 3% charge or is that added on to the charges after? +Is the interest added to each payment so If i have multiple transactions or just the whole balance at the end. + +I think that's all for now thanks for any help anyone can give. +I’d like to see 76 million shares DRS’d by individuals. No shares available for any ETF, mutual fund, broker, or SHF. At that point, dark pools and internalizing orders goes away. Want to buy more GME? You would have to Bid high enough for another GME holder to sell. And good fucking luck with that. + +Would the NYSE allow a 100% DRS company’s stock to trade? Would MMs stop making a market? Would we see true price discovery? + +LET’S FIND OUT. +Did I make a mistake by getting in on this? It’s gone down quite a bit. I heard good things about SNDL even before the spike hit, but is it worth it still? +Did I make a mistake by getting in on this? It’s gone down quite a bit. I heard good things about SNDL even before the spike hit, but is it worth it still? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +original post: [here](http://redd.it/2mnxr3) + +I met with my mother yesterday. + +The scammers got her pretty good. Several posters were very accurate in detailing what happened even before *I* had the details. She was told she won the lottery, needed x amount of money to pay taxes, insurance, etc...etc... + +She cleared out her entire retirement. It's gone. And the HELOC on the house, also cashed and gone. Although I did my best to explain to her that the way she sent the money- in cash, through the mail- is untraceable, she is mostly convinced that since the state police reported it to the FBI, that the government will be able to get her money back. + +I assessed her current financial situation and while it's not good, it's manageable. She still has enough money to pay her current expenses. + +I got her scheduled for a Dr's appt and will be attending the appointment with her, and providing them with this information beforehand because I do want her screened for dementia and for depression. But honestly, I don't think she has dementia, or even early-onset issues. I think she was just lonely and gullible and maybe greedy and was a perfect victim. it's incredibly sad. + +I am ordering her a whitelist device to prevent more phone calls. I'm not taking charge of the mail just yet. I am following the advice of the posters who suggested I not add my names to her accounts, but I will be arranging POA so I have access to that information. + +I do have a few questions that I know you can answer: + +My mom has a car loan for approx $200/mo for about the next 4 years. Should I be encouraging her to take money from what (limited) saving she still has to pay off this debt NOW, or keep that money as liquid resources in case of other emergencies? Other than the HELOC and some minimal credit card debt of less than 1k, this is the only money she owes anyone. + +Could anyone direct me to layman-friendly tax information? My mother was able to withdraw her retirement without early penalties, but I'm not well-informed on what taxes she may owe on that money anyway. I have encouraged her to discuss the scam with her tax prep person, because one poster suggested she may not have to pay taxes on that money if we can prove that it was stolen, so to speak. I'm paraphrasing, sorry. + +Last question- need some feedback. My mother is at an age where she could retire and have about the same amount of income on social security as she does working. I don't want her to retire until the moment she sells the house and is ready to move- to me it makes sense for her to keep working for as long as possible while she is (hopefully) healthy and able to do so. If anyone has helped their parents make this decision, I'd appreciate some advice on how to address this further. + +I did put a fraud alert on her credit. She insists that the scammers never asked her for her DL, SSN, or any banking/credit information. + +It turns out my mother was the one who contacted the police. Apparently after she had already mailed them nearly $300k and they still wanted more money, she felt as though something was not kosher with the situation. (insert crazy laughter here). Oh and I'd like to point out that my mother went to a different bank than her normal one for the HELOC, so the new bank wouldn't have suspected anything unusual was happening. According to my mother, the scammers told her to use a different bank because "as a new customer you will get a better interest rate." How nice that they were looking out for her! UGH + +Guys I am just so sad about all of this. The money is gone and she doesn't quite realize that yet. The plans we were tenatively making for her to sell her home and buy another outright are shot now that there's a HELOC to pay off. So $100k off of whatever she might get for her current home goes toward that loan, and she's got whatever is left to live on. I don't think she'll get enough to buy a house in my area outright (at least not a decent house!!) so now we are looking at renting, downsizing- things she is not mentally prepared to do. It's going to be awful. It already is awful. + +I want to thank everyone again for your advice and help that you've already offered. I also want to tell everyone that when they are home over the holidays to talk with all their relatives about this story and make them aware of these scams, and emphasize how important questioning these types of "windfalls" can be in protecting yourself. If my mother had told me she thought she won a prize but needed to send in $ to claim it, I could have put the brakes on this hundreds of thousands of dollars ago. +I'm looking for my 1st investment property to start the journey but am trying to be very careful as I know I cant make too many mistakes at my age. I'm thinking FHA multifamily to house Hack but even then, in today's market without a decent downpayment , it's very hard finding a deal. Any suggestions would help how I can approach this. I live in Westchester County, Ny and would like to stay local to my son's school. Thanks I'm advance. +Just commented on a r/financialindependence post in which OP seemed to imply that real estate investing necessarily goes hand in hand with debt. I made the point that my real estate investments thus far have been 100% cash deals, but it got me thinking how common this style of investing is. It works for me personally because I'm trying to maximize my cash flows and minimize my risk (I'm trying to utilize real estate to retire early and want to be able to sleep well at night), but clearly this isn't for everyone and my sense is that most people use some amount of debt for their real estate investments. + +I've been pleased with my results so far, both in terms of appreciation and in terms of cash flow, but I buy exclusively on foreclosure auctions (where financing would be very difficult, if not impossible, on the front end). + +Has anyone found success doing this business debt-free, and if so, do you have any pointers for others? +I have looked at St. Louis, MO as a possible candidate because of the prices there, but I don't simply want to throw a dart at the map. What factors should I consider for multi-family investing? I plan on using a property manager of course, but where can things go wrong beyond the purchase and tenancy? +I received an email today saying I was being let go from my part time position, as the bosses "foresee that we will only have 1 staff member on at any time for quite a while and cannot justify keeping staff on file when I don’t think we will use them for 4 months." They mentioned that they don't have enough cash flow to be able to cover the cost of paying all the employees until the government reimburses them, which I can understand. + +Issue is, we received an email on the 14th of April saying everyone was being kept on as we all qualified for the jobkeeper payments, but suddenly today a few of us were fired whilst the others were given their jobkeeper forms for which the business was finally approved of. + +I'm not sure if they're right to do that but it doesn't sit right with me that we get fired now once they've been approved and not earlier when they could've come to the same conclusion of not needing as many workers once they re-open. In that time we could've applied for the jobseeker payments and received payments for the past couple weeks at least from centrelink. I don't know enough about this so I was wondering what people on here thought, are they legally allowed to do this or is it dodgy? And if we were only let go today, would we still be getting the jobkeeper payments for this time period at least? + +Don't mean to come off as a sook, I know this is a really unusual event. But just worried that if we don't have jobs after things reopen then it'd be nice to have a decent savings to fall back on. +with the market yet to bottom out negative gearing changes will only accelerate this. + +Same house with a $350000 loss [368 Merrylands Road Merrylands NSW 2160](https://www.domain.com.au/property-profile/368-merrylands-road-merrylands-nsw-2160) + +2019 - 1600000 + +2015 - 1950000 + +house next door [366 Merrylands Road, Merrylands NSW 2160](https://www.domain.com.au/property-profile/366-merrylands-road-merrylands-nsw-2160) + +2013 - $660000 + +2008 - $380000 + +1983 - $50000 +&#x200B; + +https://preview.redd.it/75rkq5h4o1081.png?width=805&format=png&auto=webp&s=91790681670a22023f53ef09eef8b8fb7a2582b2 + +As I mentioned, some were out to debunk the legitimacy of my letter. Come back and have a healthy discussion. + +The point of my original post is to make our GME community aware of an account with 90% GME shares (xxx shares) being shut down by Merrill without giving any reason. In addition, I have the highest status with BofA as a client and multiple accounts for many years all in good standing thus it is troublesome to me that I received no phone calls, no emails, nothing prior to this letter. And check this out, more than a few messaged me after my post telling me about their own accounts got shut down by Merrill without giving a reason. + +Given the recent closure of many BofA physical branches, my questions in my original post were speculating that is it possible that BofA is in trouble and knows what's coming and thus looking to unload accounts with GME shares on other brokers. If so this might be the start to MOASS? + +Here the proof of my letter and my accounts along with my transfer to Fidelity processed today.In my original post, I mistakenly took a picture of a fedex envelop that was for my apple card but since corrected. I'll leave all the pictures here so some people wont cry "Oh he left out the wrong envelop, FAKE!" + +&#x200B; + +https://preview.redd.it/etrmhlogr1081.jpg?width=1435&format=pjpg&auto=webp&s=db17c9135e3b9990c8ebc178bc45043b7482ab3e + +https://preview.redd.it/vbejqdapq1081.jpg?width=1512&format=pjpg&auto=webp&s=ef41e1ad08a735e55e428e7be311d5344e3e902f + +https://preview.redd.it/styk4lfqq1081.jpg?width=1728&format=pjpg&auto=webp&s=9ef925817a1996c345394ee71fecec2a194a8c23 + +&#x200B; + +https://preview.redd.it/oeaj86v5r1081.jpg?width=1728&format=pjpg&auto=webp&s=5f02eb1a7d1bbf34a4ffed95fdde63c0cebc2b8b + +&#x200B; + +https://preview.redd.it/ilf89w3xq1081.jpg?width=1512&format=pjpg&auto=webp&s=bdb8193ee700c900be7d2c659a8ad6de6a82c6dd + +wrong envelop! + +https://preview.redd.it/i86azfy0r1081.jpg?width=1512&format=pjpg&auto=webp&s=1a52ded853ba50a32585a0d75e9ebd47b9231acc + +&#x200B; +We are all extremely lucky to be witnessing the end of marijuana prohibition in the developed world. This is a market that will forever change the economic landscape for the countries involved in bringing about a legal marketplace. For investment purposes The Marijuana sector is comprised of two main markets at the moment IMO. There is Canada and there is the United States. + +In Canada marijuana has had a strong country wide recognized legal marijuana system built for corporate control since the introduction of the MMPR in 2013. Provinces and their national govt have been in lockstep throughout (mostly) and this has created stability for investors. This has led to companies such as Tilray and Canopy Growth Corp and a few other small corporate entities sucking up Billions of real investment dollars from individuals and even [Fortune 500 beverage companies](https://www.newcannabisventures.com/canopy-growth-closes-5-billion-constellation-brands-investment-transaction/). Accordingly this resulted in a gross overvaluation of these companies that operate legal cannabis operations. Take a look at these [financial reports](https://www.canopygrowth.com/investors/financials/) and tell me if this seems like an effectively managed and run outfit. No one cares about what I see as fairly obvious poor management and at its peak this company was worth over 10 Billion in market cap. + +In the US everything is fragmented by unique state laws. The one unifying law is the schedule 1 status that dictates federal illegality. This is where opportunity for us lies. Due to this status that’s purely [fucking stupid](https://www.dea.gov/drug-scheduling) investment banks and corporations such as the one that gifted Canopy 4 Billion can not reasonably invest into these companies that are in many ways far outperforming Canopy at the time of that multi billion dollar investment. All while existing in far more attractive markets once the concern of federal interference is lifted. Imagine investing in UBER or Facebook far before a bank or large stakeholder gave them billions of dollars in return for a large interest of the company. This is where the marijuana industry is at in the United States. You can invest before the banks and financial institutions. + +I don’t want to go into too much detail about the Canadian market but the point is that the entire nation is comparable to the state of California with absolutely none of the branding potential due to many different factors. Canada may lead in the international market opportunities but its apparent that that is slowly developing and not as attractive as Canadian companies may hope it to be [link](https://www.google.com/amp/s/www.forbes.com/sites/monazhang/2017/11/07/global-marijuana-market-31-billion-investors-cautious/amp/). imo the US is a far more attractive business space for cannabis due to available expendable income and branding potential. + +At the end of the day investing in this sector is about finding the next McDonald’s or Starbucks. Anyone can sell a cup of coffee or a shitty cheeseburger (or mediocre weed). Yet here are two mega billion dollar corporations that have billions of people across the world addicted to their product. This is what I’m looking for. As someone who is pretty experienced trying different quality weed; in my opinion the company that takes the lead is going to be about delivering quality of product (unlike Starbucks and McDonalds) and the leader is far from established at the moment. + +I was going to make this a lot more detailed with more links but I’m going to leave a lot of the digging to you. Most of the info you need is going to be in the corporate documents. You should take the time and learn to read 10-q, k, and all corporate documents when making an investment of this length. I’ll start taking profits after large institutions begin making sizable investments similar to constellation’s. Could be a year, or 5. I really can’t say with certainty but I do feel it’s coming sooner rather than later with bipartisan legislation such as the [S.T.A.T.E.S. Act](https://en.m.wikipedia.org/wiki/STATES_Act) being introduced. The political aspect of this is continuously moving in the right direction and there is strong indication that big banks are pushing the right people towards cannabis reform with Trump signaling his support as well as other traditionally conservative (towards drug policy) politicians. + +Credit to u/CannaVestments for this quick [overview](https://imgur.com/a/dpv4qVi) which is accurate to my knowledge. + + +Edit: This following link is an updated (continuously) version of the imgur link by u/Cannavestments + +https://www.dropbox.com/s/bgogg22ba76j65a/US%20MSO%20DD%202019.xlsx?dl=0 + +(TCNNF) The one I like the most is Trulieve [link](https://vimeo.com/313083903). They dominate the Florida market with over 500k sq ft of grow space and soon to be 30 dispensaries. No other company dominates a region like trulieve and they are doing it in one of the most attractive marijuana markets in the world with tourism and retirees everywhere to give them their expendable income once full legalization comes into effect. Financials are attractive [link](https://www.trulieve.com/investors). The only public company in the entire industry worldwide with financials that look like an actually profitable and compelling investment. More than that is their philosophy of business. They don’t make massive acquisitions. Their 4 million dollar investment in Massachusetts (100k sq ft cultivation license + 3 dispensaries I believe) can easily turn into 4 million a quarter in roughly a year. This is good for shareholders which btw is majority insider controlled and locked up until July [link](https://www.newswire.ca/news-releases/trulieve-cannabis-corp-announces-voluntary-lock-up-agreements-with-company-founders-804831853.html). Right now fully diluted the company is valued around 1B in market cap. Compared to peers this is a steal. Canopy saw 10B and this company had better revs last reported quarter in 2018 (annual report due on April 30) not to mention strong profits and all the other important metrics that put its peers to shame. Compared to canopy’s valuation you can see why I’m so excited about this opportunity. + +I think the fear for investors here is the market is immature and people are doubting they can hold onto their lead. Florida has previously capped stores to 30 and many other operators had yet to build out. Trulieve however just won an important suit that has ruled that cap unconstitutional [link](https://www.google.com/amp/s/www.orlandosentinel.com/news/politics/political-pulse/os-ne-judge-marijuana-dispensaries-cap-20190204-story,amp.html). I think it’s too late for competitors and it’s trulieves market to lose based on government and legal actions recently. The cost to entry is high and every other competitor is operating in debt and making acquisitions that cost hundreds of millions of dollars instead of organic growth. + +The other issue is that they don’t have the license getting skills in other states and will have to make large acquisitions going forward, which may be true but I think patience will reveal opportunity like in Massachusetts. They will target cheaper license getters or struggling license holders without the means or knowledge to buildout and use their profits while their competitors struggle with debt. This is my yolo essentially. I’ll diversify but due to share structure and insider control as well as the other factors this is the most attractive company in the US by a large margin imo. I think anything under $15 is a good buy and don’t think it stays under $20 much longer. + +(GTBIF) The next one I like is green thumb industries [link](https://investors.gtigrows.com/investors/overview/default.aspx). This one has been making acquisitions that have been [massive](https://globenewswire.com/news-release/2018/11/13/1650439/0/en/Green-Thumb-Industries-Inc-GTI-Expands-with-the-Acquisition-of-Integral-Associates-Nevada-s-Top-Cannabis-Operator.html) but they aren’t stupid moves unlike some of its peers (medmen) who have spent egregious amounts on unestablished license holders. They bought a [company](https://www.prnewswire.com/news-releases/essence-cannabis-dispensary-awarded-new-licenses-to-expand-to-california-300768648.html) that afterwards won a very unique and competitive license in West Hollywood. They also won a very competitive and valuable license in [New Jersey](https://globenewswire.com/news-release/2018/12/17/1668365/0/en/National-Cannabis-Company-Green-Thumb-Industries-GTI-Awarded-Cultivation-Processing-and-Retail-License-in-New-Jersey.html). This is the key to long term growth in the industry while maintaining shareholder value. A license can cost a few million vs buying a license holder which can cost tens of millions or hundreds of millions depending on development so whoever has the best license getters in the industry are going to be at a serious advantage for long term growth. Financials aren’t horrible compared to the rest of the sector and they are positioned well in Illinois with around 100k sq ft in grow space. Illinois just elected a pro legalization governor. Market cap is around 1.5 B. overall I trust this company and its branding efforts (rise dispensaries) to make it an established player in the market. They are however in buildout mode so financials might not look as pretty this year and dilution will be happening and therefore will see good buying opportunities this year imo. I’d be happy to pick some more up around $7. + +Something to keep in mind when doing your own due diligence is these m.s.o. (Multi state operators) like to count their unbuilt licenses as if they exist. In Florida for example, it seems companies were granted 30 dispensaries by default so a lot of mso, without even building out 1, have greatly inflated their dispensary numbers. Focus on who actually has the most buildings functioning and distributing product. That will tell you who is ahead. I personally am focused on companies that dominate an area which doesn’t necessarily mean they will have the most dispensaries-just the best locations to saturate a market. + +(CURLF) I don’t like curaleaf [link](https://content.equisolve.net/curaleaf/news/2018-11-26_Curaleaf_Reports_Third_Quarter_2018_Financial_and__29.pdf) because of overvaluation (mc around 2.5B) but it’s probably wise to pick up a piece of these guys when the opportunity arises. They were early in New Jersey which is a very attractive market and bring in significant revenue. They have 20 operational dispensaries in FL and over 650k sq ft of cultivation space across all states they operate in according to their investor presentation. It will be telling if they can make a significant dent to trulieves footprint in Florida or if they will be The Burger King to trulieves McDonalds. Trulieve has maintained over 60% of market share in Florida so I question Curaleafs potential to outcompete competitors in other states as well. They also are initiating a share [buyback](https://www.prnewswire.com/news-releases/curaleaf-announces-launch-of-share-buyback-program-300760620.html) which at this stage is a huge red flag while green thumb is acquiring serious license getters and Florida competitor trulieve is opening 6 stores in the upcoming few months. I’m looking for a strong dip in the upcoming year and might buy some around $4. + +(Acrgf) Acreage has made some dumbfounding decisions that include millions of dollars of investment in the state of Iowa which has only legalized cbd and in general have fairly unattractive locations including Oregon and Maine [link](https://www.google.com/amp/s/www.rollingstone.com/culture/culture-features/oregons-weed-glut-what-happens-to-excess-pot-697985/amp/). They also missed the boat in Florida and look a little desperate with this [acquisition](https://www.newcannabisventures.com/acreage-holdings-enters-florida-medical-cannabis-market-with-67-million-acquisition-natures-way/) made recently. Imo They are b listers from my due diligence (Burger King might be too much of a compliment) but they’re the best politically connected [link](https://m.benzinga.com/article/12716495) and are well positioned financially to be a force in the sector. Already distributing in Jersey (125k sqft cultivation facility) which is big. If I see stupid moves I stay away especially if they are already overvalued [link](http://investors.acreageholdings.com/file/Index?KeyFile=395942626) but this should definitely be on your radar (also has 100k sqft cultivation in NY) . This thing trades strong and I think a lot of big money is behind it. I will probably diversify and pick up some when an opportunity presents itself. Hoping to have an opportunity to buy around ~$12-15 because I don’t think they are deserving of a market cap of more than about 1.5B at the moment and currently are trading around a 3B market cap. + +Another thing is to do your due diligence in each states cannabis economy as each is incredibly unique. Right now Oregon, Washington and Colorado are not business friendly (in terms of helping a balance sheet look nicer) even though Colorado and Washington are very attractive revenue wise. Some states limit monopolies or have no limit in dispensaries/cultivation which reduces economic upside at the moment. Maryland has a limit (cant find a link so might need to fact check me on this) on how much one company can own of the state which will be interesting to see how it’s upheld as the market merges. Cali has overtaxed everything so the black market continues to be very influential there but whoever takes the lead in this state (medmen currently) will be a formidable force as the black market slowly fades from existence. Nevada is a good economy due to limiting the licenses given out and flower prices were rising for a while. Vegas is huge from a branding perspective. Green thumb is the leader here after their big acquisition. Jersey is just getting around to implementing medical expansion (thanks to fat bastard aka Chris Christie) so companies there haven’t even capitalized on that population density yet. Most of this is really common sense and comes down to basic supply vs. demand economics. The northeast especially, where there are tons of non smokers without access to quality black market connects are going to pour hundreds of dollars into brick and mortar stores each month imo so I’m paying close attention to Mass/NJ/NY in the coming year to see who takes the lead there. + + +(MMNFF) Medmen is garbage and idc to go in depth on why [link](https://equity.guru/2018/05/28/medmen-goes-public-tuesday-three-executives-will-make-money-deal/). It would be a lengthy write up. They have the best market penetration in Cali so far and I do think they will be relevant in 10 years but investment potential isn’t as attractive as their peers. Insiders sold out for a reason in my opinion [link](https://www.google.com/amp/s/amp.businessinsider.com/marijuana-retailer-medmen-acquires-pharmacann-for-682-million-2018-10). this acquisition is going to take a decade if not more to pay off assuming it does. Just horrible mismanagement of shareholder value IMO. + +(CRLBF) Cresco labs are Chicago based and have focused their efforts in Illinois, Pennsylvania, and Ohio [link](https://investors.crescolabs.com/investors/overview/default.aspx) Management seems to be top tier but I think it’s a little pricy at the moment (~2B) for what they own. The main guy sits on a committee with newly elected Pritzker in Illinois (140k sq ft cultivation in IL) and they will be major players I think [link](https://investors.crescolabs.com/investors/press-releases/press-release-details/2018/Cresco-Labs-Co-founder-and-CEO-Charles-Bachtell-Appointed-to-Cannabis-Legalization-Subcommittee-of-Illinois-Governor-elect-JB-Pritzkers-Transition-Team/default.aspx). I’m looking to diversify with these guys when an opportunity presents itself. Hoping for a chance around $5. + +(ITHUF) Another interesting company is Ianthus [link](https://www.ianthuscapital.com/investors). They recently merged with MPX and imo it has legitimized their future. Ianthus holds attractive licenses in NY and FL but has no proven growth or brand perception. Mpx on The other hand has strong brand perception (although recently they’ve been getting poor reviews on products) and proven growth and also holds some attractive licenses in AZ, MD, and NJ among others [link](https://www.google.com/amp/s/www.pressofatlanticcity.com/news/two-new-medical-marijuana-dispensaries-coming-to-atlantic-city-vineland/article_8bceb880-437d-5d4e-ab89-7429c53d7fc5.amp.html). +Together I think they will be a value buy at some point. Unfortunately both don’t have enough operating capital to fund their growth and will need funding to execute and fulfill their potential. when an opportunity presents itself I’ll buy a small piece for diversification. I’m looking for sub $3 myself. + +(HTHHF) There is also Harvest Health and Recreation [link](https://www.harvestinc.com/industry-experience/). Not very familiar with them but they seem to be strong license getters and have good reviews. Definitely overpriced at the moment. I’ll look for a buy op under $4. + + +A company to look out for is Columbia Care [link](https://www.col-care.com). They have a huge presence in the northeast and have yet to go public. Won a New Jersey license recently. + +(DXBRF) There is also Dixie brands [link](http://dixieelixirs.com/ir-dashboard/). This is where long term future is in the industry. Beverages are a socialized means of getting fucked up. The beverage leader will normalize getting high. Right now that’s Dixie. My concern here is this is decades away from normalizing. I don’t think the market for drinks is as attractive an investment short term as the actual infrastructure to grow the plant. Also my opinion is established brands such as Coca Cola will simply come in and have better brand recognition immediately. Nothing Dixie or any edible manufacturer is doing is necessarily a secret or patentable from my understanding so all the big beverage players have to do is hire the right people and they will immediately dominate a company like Dixie. + +Something else to look out for is investor presentations and revenue forecasts. I’ve seen quite a few but the one that stands out the most is acreages that was just absolute bullshit. Do not under any circumstance trust guidance from companies. I think revenues will grow slower than most will admit but the market will continue to overvalue these companies as we get closer to large capital investing in the US cannabis space. Companies that have established presence in growing markets such as Trulieve I’ll trust far more than unestablished companies with poor footing like Acreage to give accurate projections. At the end of the day there are too many variables in a completely new market segment to rely on company projections. + +Other ancillary companies for “safer” investment include Scott’s Miracle Grow (SMG) which I think will dominate the self grow industry as well as the commercial growing infrastructure based on some of their recent acquisitions. The other sector I’m somewhat familiar with is mass spectrometry. Labs to test marijuana composition are going to be a huge need and mass spectrometers and liquid chromatography will be in high demand. I know Waters (WAT) specializes in spectrometry. Also (TMO) Thermo Fisher and (PKI) PerkinElmer for laboratory needs. I haven’t actually done my due diligence on these guys financials and fundamentals though. + + +That’s it I think. Some smaller players exist but these are the big boys that have the most growth potential. If you have a thought, question or comment about anything I’d love to hear it, especially if you are familiar with any of these companies or have your own personal insights to share. There will likely be more relevant companies that go public so I’ll keep my eyes open and let you know if I see anything worthwhile. I’m looking forward to the market consolidating when bigger money gets to join in. These are just my opinions so do your own due diligence and best of luck! + + +Personally, I am a 🚀🚀rocket🚀🚀 scientist. + +**I saw all the posts on shilling offers, so I decided to satirically post on MelvinLove, thinking that that sub was satire. I was wrong.** + +[**https://www.reddit.com/r/MelvinCapitalLove/comments/msm0fd/offer\_ill\_be\_a\_shill/**](https://www.reddit.com/r/MelvinCapitalLove/comments/msm0fd/offer_ill_be_a_shill/) + +**In my post, I used this Mr. Robot copypasta** [**https://getyarn.io/yarn-story/4981a085-549a-46ea-83b8-1d21b2903f42**](https://getyarn.io/yarn-story/4981a085-549a-46ea-83b8-1d21b2903f42) **to tell them to suck my balls.** + +**But, a person claiming to be a shill just publicly approached and offered $10 an hour to post FUD. Fucking pathetic considering doing absolutely nothing is making me hundreds of dollars an hour as the GME floor keeps rising.** + +&#x200B; + +https://preview.redd.it/n7x18vgn8pt61.png?width=1402&format=png&auto=webp&s=8eb5c25b025cd6aa6b8d2646f222c5e144e34536 + +&#x200B; + +**I thought it was a joke, but I did some more research.** + +**This user has gotten almost a million karma in a year by doing the insightful and critical task of reposting content onto JoeRogan, PublicFreakouts, LoveForLandlords, LoveForScalpers, Cringetopia, Firearms, NoahGetTheBoat, and other low effort karmafarming subs, without any text posts. i.e. no real effort, just look at one month old top posts, copy the image, trigger the SaveVideoBot, or copy the link and paste. Several times a day, probably on a dozen accounts simultaneously, possibly with a bot. Just post vids of American police killing people on these subs and racist conservatives will come out of the woodwork to upvote and defend their atrocities. Free karma for the whore.** + +**Why would you do that? Reddit algorithms \*probably\* detect when one account does nothing but downvote posts in SuperStonk, so being an active user tricks the algorithm into thinking that your usage pattern is typical in the makeup of actions, but perhaps not in quantity. But more ad revenue for them with more usage, they don't mind.** + +&#x200B; + +[I'd call you a whore, but don't want my twitter account suspended.](https://preview.redd.it/bxmil5pc8pt61.png?width=1736&format=png&auto=webp&s=a0aff06750f1195aa1e7142d08edd69e1ac85d63) + +**Then, when GME started, they started to put out FUD. It wasn't many times a day since that would get noticed. Instead, they karmafarm on the other subs so when people see their FUD, they look and see a high karma account, then, when they see their previous posts, instead of constant FUD, they see what appears like a normal user. But it isn't. Normal users don't post like this, unless they're karmafarming to sell their account. This user spends almost 24/7 commenting and posting on Reddit. Could it be just an unemployed neckbeard who has this much free time to leave hundreds of comments on JoeRogan and PublicFreakouts? Maybe they just hate gamers.** + +&#x200B; + +[U mad bro?](https://preview.redd.it/h5vkam3lept61.png?width=1750&format=png&auto=webp&s=66117ff4be424b2c3b1a12e7cfc10ae84252ce5d) + +**But maybe it's more likely they are selling their internet profile because nobody was buying their body, so they needed to resort to karma-whoring?** + +&#x200B; + +[Nice flair](https://preview.redd.it/pt4oq4sz8pt61.png?width=1402&format=png&auto=webp&s=51f0a8aa8d37bf50f52396256420395fefc61ab3) + +&#x200B; + +[Silver's also a great stock! This might be the smoking gun since they're caught up in JoeRogan, universal basic income, and want to tell people to invest in a product \(yes, ETF's are PRODUCTS that are sold by the people who bundle them together\).](https://preview.redd.it/rv0jhvnk8pt61.png?width=1460&format=png&auto=webp&s=18ccd7dda555778671849c953cbbb1ccdf534447) + +&#x200B; + +[We ARE monkeys.](https://preview.redd.it/habhxdnl8pt61.png?width=1460&format=png&auto=webp&s=85a29c949af8a6d22a3f2b48ae3b261112f30ad5) + +&#x200B; + +[Looks like a hyper-rational ape to me.](https://preview.redd.it/3t8kv13m8pt61.png?width=1460&format=png&auto=webp&s=d7f6bcbfc346cba68c73bfb4ca34895257590f64) + +&#x200B; + +[Classy.](https://preview.redd.it/el7zehkm8pt61.png?width=1460&format=png&auto=webp&s=012ca7a6bea0e5513c35b0a713e73ca4d5278a19) + +&#x200B; + +&#x200B; + +**So, I inquired to see what they were doing and found out about their "clever" strategy.** + +&#x200B; + +[A true Agent of Secret Stuff.](https://preview.redd.it/092azj0n8pt61.png?width=714&format=png&auto=webp&s=54fa6f5ea7a159111226a7d5fb147ac821a6806b) + +**So, it sounds like they're not interested in the spam that this becoming public would attract.** + +**I can't nail it down 100% that they're just a troll, or are really a lowlife shill, but I'm leaning towards the latter because the abnormal account activity seems suspicious in my opinion. If it's the former, I like to use the measuring stick that it's funny if in the end, both people are laughing. Instead, I'm left debating if this stranger has actual autism, or a lack of moral compass. I don't really see how anyone can harvest dopamine hits by "trolling" like this.** + +**That being said don't send these leeches your return address because it's pretty obvious they're just going to sell that to every marketing agency and identity theft firm in NYC as soon as they get it.** + +**That being said, when signing up for any mailing list or junk mail, Madison Ave sure does have a nice ring to it.** + +Form your own opinions. Know that shills ARE real. FUD IS paid for. A sudden feeling of pessimism that you may feel after browsing HAS been bought and paid for. + +But, above all, feel comfort in the fact that you aren't karma-whoring and posting FUD on the internet for $10 an hour and are more likely doing some menial, but real and actually useful/productive job for $12 an hour. I'm holding for all of you. +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. +It is extremely easy to inflate a price of any NFT. Create two wallets, sell with one, buy with another. You just set a price for your own NFT! + +This alone is proof enough for me to doubt all sales on every NFT marketplace and you should too. I would stay away from all NFTs and especially the "established" and expensive ones. The prices are inflated by a couple of wealthy crypto-bros who are not wealthy enough to manipulate mid-cap coins anymore. They realized that it is incredibly easy to make idiotic Jpegs, sell them to themselves and the community will do the legwork and write articles about "Bored Ugly Gorilla Club for 6.000.000!!" and so on. This will lead to suckers buying this shit for "cheap" (bro, it's only 10 ETH, bro!). + +Is there a place for a virtual market? Undoubtedly yes, but you will not sell you ugly-ass cartoon for millions in a couple years. +I'm not sure about the rest of you, but I'm tired of seeing hundreds of posts about the same exact bullshit, pretty much several times a week: "ZOMG BTC JUST HIT ALL TAIM HAI <next number in a sequence of never-ending numbers> HODLORRR HODLORRR HODLOR HODOR!!!11" + +Yes. The currency will rise in value. This is guaranteed to happen for probably a *long fucking time*, so unless we're hitting serious benchmarks (e.g. $10k, $20k, $30k, $50k, etc.), I think we should start purging these garbage posts which only exist to cause the rest of us to miss the actual informative and intelligent posts we're looking for. + +Call me salty, but I've been purchasing/investing in BTC for over 6 years. I'm glad the currency has caught on, but this once-useful subreddit has slowly lost it's worth with this new wave of uninformed investors. The administrative leniency to allow non-stop karma-seeking posts like "I just bought my first 0.0001 BTC!" or "2 DA MOOON ROLLERCOASTER GUY!" has become a blight on the **most significant** financial reconstruction and **very first** *actual* decentralization of currency since man started trading. Let the implications of this incredibly massive achievement sink in for a moment, and realize it's significance. Understand where this is headed, and how it will become a catalyst in many changes to come. We need to stop making a joke of this enormous paradigm shift if we want the world to take it seriously. + +Admins: tighten up the rules and give us the opportunity to find posts of actual value. We all know there is an even bigger tidal wave headed our way, and this subreddit is on the verge of becoming a shitshow. + +/endrant +How was the process with the purchase? Was it freehold? Would love to learn more as we’re interested in buying a villa there. I’m curious about legal but also financing. From what I’ve read you either need a local to sponsor or you need to open a corporation? +Seriously a year ago most post on here were about 5mm plus. Now it’s hardly ever that much what happened?!? Seems as though most of the questions posted on here don’t truly belong here. +[https://mpcapital.ai/news/AAPL/apple-earnings-results-report-2019-07-31](https://mpcapital.ai/news/AAPL/apple-earnings-results-report-2019-07-31) + + +Apple reported quarterly earnings yesterday for the quarter ending on Jun 30th, 2019. + + +**Apple manages to grow its business even as iPhone sales decline 12%** + +Apple reported **earnings per share of $2.18 on revenue of $57.92B**, the consensus between analysts was $2.09 per share on revenue of $53.3B. + +In the same period last year, the company reported earnings per share of $2.34 on revenue of $53.27B. + +**For the first time in years, iPhone sales no longer account for the majority of Apple's overall revenue.** + + +The beat on earnings came from the **Services segment** and the **Wearable, Home and Accessories segment**. The Services segment had $11.5B in sales while the Wearable, Home and Accessories segment had $5B. + + +**Apple stock is currently +4% on the premarket.** +If I want to live off of say 65k in retirement should I estimate say about 20% above that? +Or should I plan on a lesser amount. + +So if doing the 25x rule I’d probably want about 80k? +So + +80 x 25 = 2 mil + +Vs + +65 x 25 = 1.6 mil + +Not sure if this changes things. + +I have a Roth IRA and a normal brokerage. + +Maxing the Roth IRA and putting everything else into my brokerage. + +I’ll definitely be opening an HSA in the upcoming weeks. + +Self employed so tossing around the idea of a solo 401k too. + +My hope is that my brokerage will be sizable enough that I can start to FI(RE) partially or fully early and keep letting other accounts grow into my 60s before I crack them open. +**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 +Hey All, today for the first time Bank Of America blocked all transactions of mine for both credit and debit (and ACH) to - Bitstamp, Coinbase, and Abra (yes, an awful app). I called them and they said they do not allow purchases of other "currencies" and are starting to monitor. + +So what did I do? + +I called them and told them I was liquidating my entire account and to close everything out including my credit card ad I let them know why. I encourage everyone to do the same as they begin to block us more and more and let them know why. Banks are intended to hold our money not decide where and when we spend it. + +That being said... anyone know a good bank that accepts Crypto purchases? +I see a lot of talk about being "early" and references to massive institutions (banks, tech companies, retail giants, etc) that are reluctant or adverse to getting into BTC, and it really confuses me. + +These institutions are operated by some of the most consistently successful, experienced, educated, resourceful, and resource rich people who have ever lived. They are advised by boards who have access to valuable sensitive information that some of us can only dream of. Critically, they have access to many of us who work in those capacities as advisors, engineers, programmers, analysts, etc. + +I find it incredibly difficult to believe that I've managed to identify a once in a generation opportunity to secure myself financially and make a lasting impact on the world, but Apple, Amazon, Alphabet, and Chase haven't. Or alternately, they've identified the opportunity but are so adverse to the subsequent order consequences that they actively attempt to bury the opportunity, even though it's supposedly inevitable. + +Help me understand how any of this makes sense please, because at this point I'm just up to my eyeballs in my own hubris. +Finding myself spending way too much time to pay a parking ticket or find a doctor that is covered by my insurance and other simple yet time consuming tasks. The other day I spent 3 hours trying to resolve a mistake my insurance company made and billed me $300 more. + +How do you manage these things as a high income earner? I defiantly lost time-value doing that insurance call but couldn't accept "just paying it" either. + +I was thinking of hiring someone to do this kind of work for me but I'm not sure where to start. What are the risks and is it even beneficial? +The title pretty much says it. Robinhood CEO, Vladimir Tenev, sold **1250000** shares of Robinhood ($HOOD) at **$36.40**, which amounts to $45,500,000 USD. + +[From the NASDAQ website](https://preview.redd.it/vsjexs6o5ze71.png?width=1039&format=png&auto=webp&s=28498cb28bfa1d712149ea71d897064c0fc65d56) + +Here's a link to the official [SEC Filing Form](https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=15125984&RcvdDate=07/28/2021&CoName=ROBINHOOD%20MARKETS,%20INC.&FormType=4&View=html) + +Amongst the group of insiders who sold shares, the Chief Marketing Officer stands out. Christina Smedley sold **100%** of her shares! (99,884 shares at $35.28, over $3.5 million USD) + +Also, Jason Warnick, the Chief Financial Officer sold 25% of his shares (125,000 at $36.40, over $4.5 million US) + +Here's a table, for smooth brains like me who process information better this way 😅🤣 + +|Insider|Shares Sold|Price|Amount in USD| +|:-|:-|:-|:-| +|V. Tenev - CEO|1,250,000|$36.40|$45,500,000| +|J. Warnick - CFO|125,000|$36.40|$4,550,000| +|C. Smedley - CMO|99,884|$35.28|$3,523,907.52| + +What do you think? Is this a sign they don't believe in the company? +https://www.bloomberg.com/news/articles/2017-07-10/in-china-shoppers-can-buy-bad-loans-online-with-their-groceries + +A description of a screenshot in the article: "A recent listing on Taobao for a portfolio of non-performing loans from some companies in Yunnan province." + +Quote from the article: "Used by millions of Chinese to buy everything from clothes to food and electronics, the platform, known for its bargains, typically markets more than 1 billion yuan of soured assets a day, according to Bloomberg calculations. Recent listings include a portfolio of 118 non-performing loans from some companies in Yunnan province, a villa seized by a bank in the southern canal city of Shaoxing, and a property in central Beijing that’s also in default." + +"Following Taobao’s lead, more than 50 other websites marketing their services to banks and other sellers of bad loans emerged in China in the first half of last year, according to a March report from PricewaterhouseCoopers LLP. More than 20 financial institutions are listed as partners on Taobao’s auction platform for soured assets..." + +"The listing for the Zhejiang steelmaker’s debt says interested investors can call a local branch of Cinda for information on the offer, and includes details and photos of the collateral: a 240 square-meter (2,580 square feet) apartment in the city of Hangzhou." +Hi AusFinance, + +Looking to fix my home loan for 3 years. I have 100k in emergency money. Should I keep 100k of my loan as variable so I can use my emergency money to offset the interest? + +I am reluctant to do offset because this is emergency money so it is risky not touch it for 3 years. However, I also don’t know how to invest this 100k such that I can make up for the interest lost for not offsetting my loan. Thought of high interest savings account,but that gets taxed and the interest is low. + +Also, I don’t want to increase my repayment anymore so I don’t want to keep any variable loans. + +Am I being dumb? Thanks if you comment. + +Edit: hurr durr sorry all brain fade - will put it in offset. The question for me now is if I split my loan into 100k variable and the rest is fixed for 3 yrs, can I refinance the variable part within the next 3 yrs to buy another house (with the equity I accumulate buy paying off principal purely)? + +Edit2: main reason I didn’t want a 100k variable was the repayment will go up with interest rise and I got worried if I cant afford the difference, but after some calculations, I realise the repayment rise will be affordable. And worst case scenario (aka EMERGENCY), I use the emergency money to just repay a chunk of the loan to reduce the repayment! Hurr durr indeed. +Hi AusFinance, + +I recently found out when applying for a Zip Money I was refused due to my financial status. I wondered how this was. I spoke to a credit reporting agency they found I had taken a loan two years ago for the sum of $2,500 + +When I spoke to the loan provider FairGo Finance they advised me of an email address I didn't have and the back up email address for the email was my exes one. + +I confronted her with the information and she advised she did do it. + +Has this happened to anyone you know? I have been financially responsible my entire life so this is coming as a huge shock to me. +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!! +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? +Any tips or criticisms on my current holdings are also welcomed (I’m 21 years old and studying and only work during breaks because I don’t have any time during the semester) +Hi. I am thinking of adding JNJ to my portfolio. I know they have increased their dividends for many years and with a dividend yield of 2.66%t seems attractive. My question is do you think I can buy now or should I wait for a pullback? From what I have researched, they seem overvalued but the general consent is they can continue growing. So wait or buy, what do you think? +I've been in this since February 2021. I've dollar cost averaged down from $299 to $140. I bought a shit ton of stock when we hit $80. I bought a bunch more last week. I'll buy more next time I get a paycheck. I don't post my positions for the bot but I am direct registered with computershare. + +There are others like me I am sure. + +I've been waiting for this week all my life. I literally got goosebumps when gamestop announced that they were going to ask for a share increase to give a dividend. + +I've voted twice. + +I have a wallet, and I bought from the NFT marketplace first day. + +I grew up a gamer, and still love to play video games. I buy exclusively from gamestop now. + +We are on the precipice of history right now. It's my privilege to be here with you. Holding. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Buckle up! +My mom died in February (congestive heart failure, age 86) and left me as executor of her will. She had only about $5000 to her name at the time of death. We did file the will, but did not have to go into probate here in Wisconsin as her estate was well under $50,000. + +Her bank account is closed. I have two checks from her United Healthcare Insurance company, one for about $275 and the other for about $100. + +How do I cash them? + +Edit: It's only me and my sister and we're sharing things equally without any arguing or problems. + +\--- + +Edit 2 days later: Thank you everyone! When I closed her bank account at WF (I've always disliked she dealt with crooks, glad that's done) they had me fill out a Transfer by Affidavit and their notary notarized it. I took that to my CU and they said that form was all I needed. I signed the checks and that was that. + +I lurk r/personalfinance all the time, and Googled for the answer to the above but wasn't satisfied. I learned a lot from all the replies here, thank you all! +Two months ago, I wrote a DD here about AITX when it was traded at 0.0010[Looking for the next TSNP? $AITX is ready for it. : pennystocks (reddit.com)](https://www.reddit.com/r/pennystocks/comments/jwdoz9/looking_for_the_next_tsnp_aitx_is_ready_for_it/) + +People were skeptical rightfully so; I mean look at it it got only 17 upvotes then. I managed to turn my 11k into over 450k in two months and my DD proved itself despite naysayers. + +I went on to research other hidden gems that bottomed out with big upwards potential. I have found 2(maybe 3) penny stocks that might rip the sky in 2021.Edit: As I promised the second DD about another penny stock is here : [https://www.reddit.com/r/pennystocks/comments/l5gvv8/iwsy\_imageware\_systems\_biometric\_security\_company/](https://www.reddit.com/r/pennystocks/comments/l5gvv8/iwsy_imageware_systems_biometric_security_company/) + +Here is the first one. + +SSFT : [**Sonasoft**](https://www.globenewswire.com/Tracker?data=NIu7x5Ehf09v9HcReQzmQUSg3OMIdA8ZevvpNjhGoqb1qFtm1Oydut3hb2P_spYUFG2qDI04BSF1cRcqmeH4bAsb8JPVvMqE-Dh_xlsxjtGa1SNSLB_7iHKbWB2Ymy6UBrCKcIpoK-3Kk7p4sZ55iuTjqDrLEkU63B-ERAhesTuEKzkFhZx2BVp41GrwL71NH3_eF9lVwWlIdTf2Wt9B4i49ydQTaH7ENP3bL6NObYw=) Corp. [https://www.sonasoft.com](https://www.sonasoft.com/) + +**Why:** Company has been founded by tech veteran Andy Khanna in 2003 in Silicon Valley. Their initial focus was Data migration, Data storage and Data management. With AI tech growing and expanding Big Data business company started to invest in AI technologies and in 2018 acquired Silicon Valley IT solutions company [Cornerstone](https://www.globenewswire.com/news-release/2018/09/25/1575568/0/en/Sonasoft-Corp-Announces-Completion-of-Cornerstone-Technologies-Acquisition-and-Discusses-eDiscovery-and-Artificial-Intelligence.html) and and [AI company Hotify](https://www.globenewswire.com/news-release/2018/09/25/1575568/0/en/Sonasoft-Corp-Announces-Completion-of-Cornerstone-Technologies-Acquisition-and-Discusses-eDiscovery-and-Artificial-Intelligence.html) thus became an A to Z, IT, Big Data, AI company offering a unique expertise. + +**News**: [SSFT - Sonasoft Corp. | News | OTC Markets](https://www.otcmarkets.com/stock/SSFT/news)**Share Structure :** [SSFT - Sonasoft Corp. | Security | OTC Markets](https://www.otcmarkets.com/stock/SSFT/security)**Last reported financials 09/30/2020** (click on Quarterly) [SSFT - Sonasoft Corp. | Financials | OTC Markets](https://www.otcmarkets.com/stock/SSFT/financials) + +On December 30th 2020, company released a year in review PR outlining these developments. You **MUST** read it. + +[Sonasoft 2020 Year in Review | SSFT - Sonasoft Corp. | News | OTC Markets](https://www.otcmarkets.com/stock/SSFT/news/Sonasoft-2020-Year-in-Review?id=284772) + +One thing i'd like to point out in the release is this part; + +>2020 saw Sonasoft sign some key strategic partnerships. The biggest of these will see Sonasoft building AI bots for one of the world’s largest financial services companies. This will place AI analytics at the very center of the financial data ecosystem. + +Guess who is one of that largest financial services company.**$FIS Fidelity Investment Services.** An 80 billion USD financial services behemoth. + +https://preview.redd.it/b7kf4t8g5hd61.png?width=1108&format=png&auto=webp&s=78aabdabf286d5275ec3c0987c32292b37db439b + +And in june they dropped the biggest bomb that was completely overlooked. + +https://preview.redd.it/cc62w79jchd61.png?width=703&format=png&auto=webp&s=3655b5689f00dc9ff4b892b25774821503179101 + +FFING streaming revenues from **Fidelity and Google!!!** Could there be a better reference for an AI company? + +Furthermore, Sonasoft owns important IPs related to Artificial Intelligence that are either patented or patent pending, those alone are this company's biggest asset for the future.Also in 2019 company created a new management team along with the new direction. Co-founder Mike Khanna(and I assume Andy's son) became the new CEO representing the new generational direction. + +**Technicals**: I'd like to point out to the increasing volume in the past couple of weeks since it hit the bottom. Currently its 117% higher from the recent bottom and 312% lower from the recent highest signalling a great entry point. + +&#x200B; + +https://preview.redd.it/95a8shjz7hd61.png?width=1626&format=png&auto=webp&s=78e625f55b95919765567ea190ce6279144f89d1 + +**Comparison with AITX** + +I think this comparison can alone show you how much of a hidden potential we have here. As I said I was the earliest caller in AITX, I love that company but boy it made a huge run for a company with not event decent financials. IT might still continue going up but the exponential rise is getting harder in the short run because of 2.5 billion outstanding shares. + +**Market Cap:** AITX $228 million, SSFT $55 million. SSFT here has much more room to increase its market cap. + +https://preview.redd.it/vyg44dhu8hd61.png?width=1289&format=png&auto=webp&s=977d0c573190cb2bf4c61ef60efc1360b8779dea + +**Outstanding shares:** AITX is at 2.5 billion SSFT is at 472 million. Multiplied by the current price the market cap can give you a clue of how much SSFT will run in the near future. + +https://preview.redd.it/c21jteu69hd61.png?width=1287&format=png&auto=webp&s=73ea1b7ad500188d90f8f35aa7780c83c793027e + +**Quarterly Revenue:** Maybe the single most important metric here to measure the potential. Both companies have bright futures when it comes to generating sales but SSFT has currently over 17000x more revenue based on the last q. And while AITX trades around $0.09 SSFT is at $0.11, it's simply UBER cheap for this revenue. + +https://preview.redd.it/wzqtwkqj9hd61.png?width=1297&format=png&auto=webp&s=ebb3ff23c0af119e446eb1ad777ddf0489044429 + +**Debt:** Currently AITX is carrying over $8million debt with 120k quarterly revenue, SSFT has $1.3 million debt with $2.1 revenue. + +https://preview.redd.it/8064o7r9ahd61.png?width=1284&format=png&auto=webp&s=1d04580b09bdbe5429f6ffb7ea6c9d4c00b60fb8 + +As someone who have witnessed the number of followers exponentially increasing in twitter and Stocktwits for AITX along with the price I have to say SSFT is not known by anybody yet. Last thursday there were only 78 followers on Stocktwits and during the weekend it reached 200 followers. + +So what is the short term target price? + +I hope this to reach **$0.5 in 1 or 2 months.** Which is the highest this stock got. + +And then I expect them to file for getting listed in NYSE or Nasdaq that will push their price over $1 and beyond. + +When you are investing, if you're a beginner PLEASE PLEASE PLEASE, don't put all your money in one stock. Dont put ALL your money in several stocks either. Always spare some in case it makes a dip, so you can buy more at a cheaper price. This is penny stocks, it's the Amazon jungle of investments, anything can happen so be really careful. + +And please do your own DD. Good luck! + +Disclaimer: I own 380k shares and planning to add more. + +**Also I will post 1 more or 2 more gems that I found so follow me or check back this post because I will add a link here for those. <<link at the top>>** + +# Not Financial Advice + +I'm not an investment advisor. All investment opinions are from my personal research and experience and intended as informational & educational. I put my best effort to make sure that all info is up to date, I post my source links for you to confirm it but unintended errors might occur.Do your own research. Don't rely solely on this information or others to make big investment decisions. To be safe, you should go out and research the subjects on your own and/or consult a professional in order to make a truly educated decision. +https://www.cnbc.com/2019/08/16/bridgewater-ray-dalio-on-possible-us-recession-global-economy-investing-in-gold.html + +The U.S. economy is taking a turn for the worse, says Ray Dalio, founder of Bridgewater Associates. + +Fears of a looming recession in the U.S. were heightened after a closely watched indicator flashed a warning signal: The yield on the 10-year Treasury note briefly broke below the 2-year rate early Wednesday. + +Cutting interest rates may not be effective in stimulating economic activity, so economies may resort to weakening their currencies to boost growth, Dalio says. +I'm loosely working from home, that's super fortunate, and I know I wouldn't be stuck at home in retirement, but not having structure for the first time since my Sophmore summer break is extremely jarring. + +FI train all the way, even more so now, but... RE looks a lot less like "45 let's go" and more "eh... part time or something" +This is a megathread for all news related to US regulators subpoenaing Bitfinex and Tether. All related posts on the frontpage will be removed in favor of this megathread to focus conversation. + +As always, please keep the comments civil. + +The dates were updated since the news first went out, but the news is still relevant and the implications may still be large. They received a subpoena on 6 December 2017. + +--- + +"U.S. Regulators Subpoena Crypto Exchange Bitfinex, Tether" - [Bloomberg](https://www.bloomberg.com/news/articles/2018-01-30/crypto-exchange-bitfinex-tether-said-to-get-subpoenaed-by-cftc) + +"Bitfinex and Tether said to be subpoenaed by CFTC" - [ForexLive](http://www.forexlive.com/news/!/bitfinex-and-tether-said-to-be-subpoenaed-by-cftc-20180130) + +"Cryptocurrency exchange Bitfinex reportedly subpoenaed by top regulator" - [Business Insider](http://www.businessinsider.com/cryptocurrency-exchange-bitfinex-reportedly-subpoenaed-by-cftc-2018-1) + +"Bitcoin crashes anew as Bitfinex, Tether probed" - [Macro Business](https://www.macrobusiness.com.au/2018/01/bitcoin-crashes-bitfinex-tether-probed/) + +"Regulators subpoena Tether and Bitfinex" - [Mashable](https://mashable.com/2018/01/30/tether-bitfinex-cftc-subpoenaed/) + +"Report: CFTC Sends Subpoenas to Bitfinex, Tether" - [CoinDesk](https://www.coindesk.com/report-cftc-sends-subpoenas-bitfinex-tether/) + +"Why Tether's Collapse Would Be Bad for Cryptocurrencies" - [WIRED](https://www.wired.com/story/why-tethers-collapse-would-be-bad-for-cryptocurrencies/) + +"Financial regulators subpoena major bitcoin exchange: report" - [The Hill](http://thehill.com/policy/technology/371432-financial-regulators-subpoena-major-cryptocurrency-exchange-and-token) + +"Bitfinex, Tether Get Subpoenas From US Regulators" - [CoinTelegraph](https://cointelegraph.com/news/bitfinex-tether-get-subpoenas-from-us-regulators) + +"Tether and Bitfinex Crypto Companies Subpoenaed by U.S. Regulators" - [Investopedia](https://www.investopedia.com/news/tether-and-bitfinex-subpoenaed-us-regulators/) + +"CFTC Looking Into Bitfinex and Tether As Digital Tokens Face Scrutiny" - [NASDAQ](http://www.nasdaq.com/article/cftc-looking-into-bitfinex-and-tether-as-digital-tokens-face-scrutiny-cm913325) + +"Tether Reportedly Subpoenaed by CFTC" - [ETH News](https://www.ethnews.com/tether-reportedly-subpoenaed-by-cftc) + +"U.S. regulator subpoenas cryptocurrency platforms Bitfinex and Tether: source" - [Reuters](https://www.reuters.com/article/us-usa-cftc-subpoena/u-s-regulator-subpoenas-cryptocurrency-platforms-bitfinex-and-tether-source-idUSKBN1FJ2ZK) + +"How Bitfinex, Tether are raising eyebrows in the cryptocurrency market" - [MarketWatch](https://www.marketwatch.com/story/why-bitfinex-tether-are-raising-nagging-questions-in-the-cryptocurrency-market-2018-01-30) + +"US regulators are investigating a major cryptocurrency exchange, raising suspicions of fraud" - [The Verge](https://www.theverge.com/2018/1/30/16951928/us-cftc-subpoena-bitfinex-tether-fiat-stablecoin-fraud-suspicions) + +"Bitcoin subpoena news smells like insider trading" - [SlashGear](https://www.slashgear.com/bitcoin-subpoena-news-smells-like-insider-trading-30517491/) + +"Bitcoin Price Drops Below $10,000 As Bitfinex, Tether Get Subpoenaed" - [IB Times](http://www.ibtimes.com/bitcoin-price-drops-below-10000-bitfinex-tether-get-subpoenaed-2647425) + +"Bitfinex and Tether Receive U.S. Subpoenas (How is a USDT made?)" - [BTCManager](https://btcmanager.com/bitfinex-tether-receive-u-s-subpoenas-usdt-made/) + +"Bitcoin bleeds over news of US government subpoena" - [The Next Web](https://thenextweb.com/hardfork/2018/01/30/bitcoin-bleeds-over-news-of-us-government-subpoena/) + +"U.S. Regulators Send Tether and Bitfinex Subpoenas" - [Bitcoin.com](https://news.bitcoin.com/u-s-regulators-send-tether-and-bitfinex-subpoenas/) +Someone asked in the daily thread yesterday how exclusively putting money into RothIRAs, Roth401ks and using the Megabackdoor Roth could cause issues with the Roth conversion ladder. + +I believe that in short it could cause you to run out of basis (contributions + conversions) in your Roth before age 59.5. This would result in you then having to pay an early withdrawal penalty AND Ordinary income tax when you withdraw the earnings from your Roth accounts. + +In other words, you would have to pay ordinary income taxes (+10%) on the growth of funds that you already paid ordinary income tax on, instead of benefitting from LTCG rates. + +Here is an illustrative example. + +&#x200B; + +Consider two people who start roth conversion ladder at 35 to retire at 40. They are able to take withdrawals up to the amount of basis at which point they will owe an early withdrawal penalty if they take out earnings on conversions. + +To start: + +A has $1M in tIRA (zero basis) + +B has $0.8M in Roth ($200k basis) + 200k in tIRA. + +&#x200B; + +They both convert $40k per year from tITA to Roth. + +&#x200B; + +After 5 years, they are ready to start withdrawing $40k per year. + +A now has $200k (plus earnings) in RothIRA with 200k basis, and 800k (plus earnings) in tIRA. A can continue the roth conversion ladder, adding 40k to the basis each year, and then withdraw 40k from the roth without early withdrawal penalty. + +B now has $1M in Roth with $400k in basis, and nothing in tIRA. B can withdraw 40k from Roth per year without early withdrawal penalty (or taxes). B can only make the 40k/yr withdrawal for 10 years before the basis is used up. Then B has to start withdrawing the earnings in the Roth, which will face an early withdrawal penalty in addition to income taxes. + +&#x200B; + +In other words, if you run out of basis for withdrawals from your Roth IRA before age 59.5, you not only face a 10% penalty. But have to pay ordinary income taxes on the earnings on money that was already taxed (so you do not benefit from LTCG rates. + +(Yes, B will probably get enough tIRA growth to fund a sixth conversion in year 6, but let's roll with the simplified assumptions/math above) +my boss just furloughed me claiming i could work again when business picks back up. He asked if i would refrain from applying for unemployment for atleast a week because "if i filed to early i wouldnt get the full benfits" or somthing along those lines. + + +I was wondering if anyone could tell me how legit his request is and if there are really scenarios where i need to wait to apply for unemployment. + + +sorry if i wasnt extremly grammical but all the replies will be GREATLY appreciated!! + The hearing: [https://www.youtube.com/watch?v=HWg731-3id8](https://www.youtube.com/watch?v=HWg731-3id8) + +**TLDR: Bullish and interesting** + +**Question 1 from Diana Degette to Ari Juels** + +**Is there a way to do Proof of work without wasting energy or electronic waste?** + +He answers that there is no other way but there is always Proof of Stake (he shills it at every occasion) + +**Question 2 (same speakers)** + +**Do people have incentives to go to the cheapest energy to mine?** + +Yes but there is always proof of stake (Diana Degette shuts him saying they'll come to that later) + +**Question 3 Diana Degette to John Belizaire** + +**Why the energy consumption is a feature not a bug?** + +=> The energy consumption is here to protect the network and lock in the value. + +**Question 4 Diana Degette to Steve Wright** + +**Sometimes Renewable are not the cheapest right?** + +Yes + +**Question 5 Diana Degette to Brian P. Brooks** + +**You mention that proof of work can't shift to proof of stake why?** + +The proof of work makes a big value compared to other industries per consumption of energy. **Proof of Stake poses problems of security because of the holders but proof of work is more resilient and more decentralized** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +New Character arrives: David McKinley [https://en.wikipedia.org/wiki/David\_McKinley](https://en.wikipedia.org/wiki/David_McKinley) + +Cries about the hearing being a distraction from real problems. Says that states without renewable are discriminated because of renewable. He is mainly ranting. + +**He asks: could miners rely on renewable to Greg Zerzan** + +Answer: Yes as long as it is cheap and as long as the US is a net exporter of energy. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Back to Frank Pallone who asks: The concern about high power consumption and the future of it to Greg Zerzan** + +Greg Zerzan speaks about data centers using also a lot of data. + +**Frank Pallone asks why the 0.5% of energy consumption is credible to Ari Juels** + +Derived from Hashrate. + +Frank Pallone asks Steve wright how can we make sure consumers don't pay more because of miners. + +The dude lags hardcore and I can't get a grip of what the fuck he said. Seriously this is a US congress hearing and I have a better connection that this dude. (the congressman didn't understand too and asked for a written answer LMAO) + +**Cathy McMorris asks of Zerzan how blockchain can empower the consumer?** + +He explains how it makes people control their data which undercuts Facebook, google and all other Big tech companies. + +**McMorris explains how the job boom of blockchain is outpacing other industries and asks about the value from these jobs?** + +Zerzan explains how cryptos are the blood of the blockchain and that these experts are needed to make the cryptos and blockchain work. + +**Mc Morris asks Steve wright (the laggy boy) what are the negative impacts of crypto mining** + +He says his community is scared by unregulated currencies and that they are skeptical about these technologies but doesn't answer the question. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +New character: Anne Kuster [https://en.wikipedia.org/wiki/Annie\_Kuster](https://en.wikipedia.org/wiki/Annie_Kuster) + +She explains how many assets exist and how the industry is growing and helping the world. She questions the sustainability. She explains that some leaders in the POW are trying their best to be green and to make big projects to develop a better power grid. + +**She asks Brian P. Brooks What are the innovation in the future of the crypto mining?** + +Brooks explains how crypto is not about tax evasion or money laundering, he explains how bitcoin is the most decentralized crypto and that there is value in decentralization. He explains how companies in this space are starting to fight against the giant in tech. + +**He says, decentralization is safer, fairer and the future.** + +**She asks John Bellzaire what are the exiled miners from China searching in the US ?** + +He explains that miners who have suffered from 'the great unplugging' have been searching for a free market with a real ecosystem (insurance companies etc) rule of law and are trying to thrive in the larger US economy. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +NEW DLC CHARACTER: Neal Dunn [https://en.wikipedia.org/wiki/Neal\_Dunn](https://en.wikipedia.org/wiki/Neal_Dunn) + +Is very pro crypto, says he accepts crypto campaign donations. He wants to 'let the market decide'. He says that they should help crypto to thrive instead of regulating it. + +He asks Brooks **how halving will help miners who are more efficients and to be more energy efficient?** + +Brooks explains that these halving are seen as the next big rise in the crypto sector and are pushing progress in a lot of other sectors such as cooling industries. + +**He asks Brooks how chips technology is benefiting from Bitcoin POW.** + +Brooks explains how they have pushed specialized chip tech forward and that they made leaps comparable to the tech leaps produced by the Space program. + +**He asks brooks if miners in other countries are dirtier, isn't the solution to welcome them in the US?** + +Brooks answers yes. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +NEW DLC CHARACTER: Jan Schakowsky [https://en.wikipedia.org/wiki/Jan\_Schakowsky](https://en.wikipedia.org/wiki/Jan_Schakowsky) + +**Focuses on the old plants re-opened and how economics can push the miners to fossil fuels. (She seems very old)** + +**Asks about that to Steve Wright:** + +He answers that as coal is less and less demanded due to regulation, the prices get lowers and some may be interested in these products. + +Asks John Bellzaire about cleaner sources and says she is skeptical about crypto and about the fact that they use fossil fuel. (she is anti crypto I think but yay) + +John Bellzaire answers that Crypto brings huge capital which help with the transformative of the grid and of the zero carbon footprint. The capital deployed in clean energy is currently virtualy infinite because of subsidies and of crypto capital. + +She says that they should hope Bellzaire's vision comes to fruition + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + + **Morgan Griffith asks if Southwest Virginia could profit from the fact that it has cold temperatures to Brooks.** + +Brooks says yes. + +**He then asks the same to other people who say all yes**. + +**He voices concern that congress should not regulate the crypto space out of existence and asks Brooks what he thinks about this.** + +Brooks answers that Bitcoin's value is not about the market cap of Bitcoin but about the transactions and about the fact that Bitcoin is the bedrock of the crypto ecosystem. So Bitcoin should be protected. + +**He asks Zerzan if China ban on crypto shows an anti freedom stance.** + +Zerzan says that crypto is freedom and some people don't like freedom. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +New character: Paul Tonko [https://en.wikipedia.org/wiki/Paul\_Tonko](https://en.wikipedia.org/wiki/Paul_Tonko) + +Says that a lot of miners are interested in the energy in New York. **Asks Bellzaire if it is possible to ban crypto miners from fossil fuel?** + +Bellzaire explains that this could be feasible through carbon tax credits or financial incentives to develop flexible load environement. + +And that they could also incentive Green energy producer to team up with miners. + +**He then Asks Juels if consuming excess energy from renewable has opportunity cost** + +Juels answers by saying that he needs to repair something that was said: Mining rigs are more efficient over time but it doesn't mean that the energy infused has been reduced. And doesn't answer. + +**The law maker ask again why he believes that this excess energy is wasted when used on POW?** + +Juels answers that **it is because proof of stake exist and that the concerns about the centralization of POS are very theoretical. For him it is not proven yet that the validators could break it. He says that this energy could go else where gives a very bad answer.** + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +New character: Scott Peters [https://en.wikipedia.org/wiki/Scott\_Peters\_(politician)](https://en.wikipedia.org/wiki/Scott_Peters_(politician)) + +**Asks to Brooks is it possible to reduce consumption with better equipment?** + +Brooks says that yes, in fact the energy efficiency of energy/ hash has improved dramatically and that the industries benefiting from Asic have gained a lot thanks to the funding in R&D funding from miners. + +**Asks to Juels why he says that it is in fact not reducing consumption or being more efficient.** + +Juels explains that he doesn't measure energy consumption / hash but per transaction and in that sense Bitcoin is very energy intensive. He also says that the lightening network is not used a lot and in its infancy and remains to be seen how succesful it is. (lol talks about millions of people using it daily...) + +**Asks to Bellzaire how his vision of flexibility translate in application.** + +Bellzaire answers that these datacenters decentralized could help with algorithms and other problems not only POW but bringing valuable applications. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +New Character: Kim Schrier [https://en.wikipedia.org/wiki/Kim\_Schrier](https://en.wikipedia.org/wiki/Kim_Schrier) + +**Asks Steve Wright how they managed cost of energy to help consumers while allowing mining.** + +He answers that they have bought reserves and made contracts with miners (I can't understand him well) + +**The law maker kim schrier is saying: Do you think that despite the ransomware, the drug and human traffics, are crypto really bringing value to humanity? (what a moron)** + +Steve Wrights says it depends, and it depends on regulations, **he wants a mechanism to be sure crypto is not used in the wrong way (decentralization is not about this).** + +**She then asks him about a dam contract with canada which is totally unrelated.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +New Character: Lori Trahan [https://en.wikipedia.org/wiki/Lori\_Trahan](https://en.wikipedia.org/wiki/Lori_Trahan) + +**Directly asks Brooks if the number of miners is important.** + +Brooks answers that it is not that important **at least less than in proof of stake** since POW can't be tricked and the lottery makes collusion impossible but **proof of stake allows for collusion and modification of blockchain.** + +**She Asks Juels about proof of stake consolidation and is it a real alternative to POW.** + +Juels says that the concern is not about POS or POW but about centralization and that POW is not better in that front. Juels says that the real concern is about the rich being richer but that most problems are unrelated to POS or POW. (He is cheerleading for POS) + +**Asks juels what is the danger of centralization** + +Juels explains that the problem would be an overtake of the blockchain and a control of the transactions. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +New char: Tom O'Halleran [https://en.wikipedia.org/wiki/Tom\_O%27Halleran](https://en.wikipedia.org/wiki/Tom_O%27Halleran) + +**Asks Wright the difference between datacenters and crypto mining as consumers of energy.** + +Wright answers that data centers were better prepared to approach the energy industry and that Bitcoin miners were unprepared + +**The lawmaker asks what growth in jobs is made in these industries** + +Bellzaire answers that the jobs produced per energy is not known by him BUT that they are creating high value jobs such as data technicians and that the value is high. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +New Character: Darren Soto [https://en.wikipedia.org/wiki/Darren\_Soto](https://en.wikipedia.org/wiki/Darren_Soto) + +&#x200B; + +Says that Crypto is very mystifying and that Crypto can be a future, a currency, a commodity, and a security. This committee is the first to have passed bills to establish these kind of definitions and also taxation rules. He wants to make sure that Crypto is not used by terrorist and wants way to claw back some of the money. + +Says he is concerned with the energy use and how coal plants are re-opened because of Bitcoin. He says that, if crypto is the currency of the future, we can't destroy the planet to make it work. + +**Asks Juels how Data oracles can make blockchain more efficient?** + +Juels says that oracles are not making these more efficient it is not their role. He says that Smart Contracts are actually at the core of this. He says that blockchain are not connected to internet and that the oracle is the link between blockchain and offchain systems. 'the eyes and ears of smart contracts' + +**Asks Brooks what the gov should do to encourage less energy intensive efforts?** + +Brooks answers that the market is the best answer, it depends on a lot of costs and Bitcoin is an energy derivative which can be used to understand the best role of energy at a current time. + +**Brooks also says that his companies are talking to wind farms and solar farms, not coal plants. The anecdotal stories of coal plants are not the reality. The vast majority of Bitcoin miners are providing a base load consumption to Green energy producers.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +The thing concludes with Degette saying that they are happy with answers today and want to know how in the future if miners are located in the US how will the energy spending evolve. + +She says that the testimonies were of the utmost value today. +Our 6 month mortgage offer expires next week and it’s unlikely we’ll complete in time. Our monthly repayments were going to be £1664 on a fixed rate for 5 years. Our combined take home pay is £6125 per month. + +I’ve been looking at current mortgage rates to assess whether we should continue with the house purchase - we could either go for another fixed rate, which would be about £2330 repayment per month, or a tracker mortgage starting at £1894 per month. Both options are for 2 years. + +We really want this house. My questions are: +1) should we opt for the tracker mortgage and hope that this is the worst it’s going to get? +2) are we crazy for even thinking about these new mortgage rates, as it’s >35% of our monthly income? + +We’re both in comfortable jobs and have no dependents. +My ill-advised order of 2x 7 GH/s BFL miners from last spring finally arrived. I knew there was no chance of recovering the 7 BTC I paid for them, but I figured I'd at least recoup the $700 that was at the time. + +They trickled out about 0.043 BTC over the past four days, and then one of them up and died. Power supply, I'm guessing, but there's no point in trying to get it fixed. The difficulty will be 100x higher by the time they respond to my email. + +What a great company. +I can't believe all the lies and misinformation that was spread about this company, I was literally betting on a short position but just decided to watch everyone manipulate each other and so far I haven't seen anyone crying too hard. But be careful around here guys, MANY people are getting paid to post stuff to /r/pennystocks. + **Psycho Market Recap - Friday, September 4, 2020** + +Stocks continued falling on Friday after a sell-off yesterday led the S&P and the NASDAQ to close their worst session in months. Remarkably, however, benchmarks and big tech companies were able to rebound from deep in the red to finish the day modestly red. However, in context we are amid an incredible rally off the COVID-induced lows in March. + +The S&P finished the day 1.06% down, the Nasdaq 1.97% down, and the Dow 0.74% down. + +At one point, the Nasdaq fell as much as 5% paring losses, as the pullback in tech stocks continued. The index is now firmly below the 12,000, after crossing that threshold for the first time on Wednesday. Interestingly, energy, utilities, and financial sectors outperformed the broader, falling no more than 1.6% each. + +“Thursday’s mini-crash left the door open for more selling, and investors have rushed through it today in a hurry to take profits before more downside arrives,” said Chris Beauchamp, chief market analyst at IG. + +The market ran out of steam and encountered heavy profit-taking to form a pullback. These pullbacks are healthy and allow the stage for investors to average down or enter new positions and make room for continuation. + +Thursday’s plunge came in absence of a clear external catalyst, with newly released data on weekly jobless claims topping expectations Thursday morning, hitting single digit unemployment rate of 8.4% vs estimates of 10.2%. Furthermore, developments around a coronavirus vaccine candidate seem to be going well with the CDC announcing to states to prepare for a vaccine distribution by Nov 1. This is in contrast to the WHO making a release today with a new model that projects 1.9M more deaths by end of 2020 due to COVID. + +On other fronts mail-in voting will go ahead as planned. The stimulus talks still seem to be going nowhere with Democrats and Republicans unable to agree on the terms. This morning economic adviser Larry Kudlow, in an interview with Bloomberg, said that “we can absolutely live with it (coronavirus)” and “the economy is on a self-sustaining path to recovery… and will continue along those lines to surprise on the upside”. This was in response to a question of what would happen in case Democrats and Republicans could not agree on a package by years end. + +Edit: Breaking news as Son’s Soft Bank is identified as the whale that bought up Call Options for approximately $4 Billion on big tech NASDAQ names. Some analyst are going as far to stating that this would be enough to cause a surge in the market as big firms would need to buy stock in order to cover the contracts. This is the reason some attribute to the selloff these last few days. + +**Highlights** + +* After beginning the day deeply in the red, big tech stocks were mostly able to recover + + * Apple ($AAPL) went from 8.04% down to finishing 0.7% down + * Amazon ($AMZN) went from 7% down to 2.15% down + * Microsoft “($MSFT) went from 5.6% down to finishing 1.4% down. +* The volatility index (VIX) finished 8.8% down +* Broadcomm ($AVGO ) reported better than expected results. Today got upgraded by UBS Group from $335 to $425, by JP Morgan Chase from $365 to $420, and Keycorp from $360 to $410. The stock performed healthily clocking a 3% gain. +* $PVH price target raised by Barclays from $51 to $58 and by Deutsche Bank from $42 to $59. Stock is currently at $61.50 +* Shares of Carnival Corporation ($CCL) rose 5% after the company said it would be resuming some cruise operations under its Costa brand this weekend +* Rocket Companies ($RKT) Reported earnings 2 days ago, finished 7% down on the day. +* Camping World ($CWH) saw its CEO buy $100k in its shares, and recently also saw a dividend increase announcement on 8/24/2020 by 12% from $0.08 to $0.09 + +Thoughts of a Psycho Trader.... +[Source](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210805a.htm) + +>Following its stress test earlier this year, the Federal Reserve Board on Thursday announced the individual capital requirements for all large banks, effective on October 1. Those capital requirements ensure that the large banks tested will hold roughly $1 trillion in high-quality capital—enough to survive a severe recession and still be able to lend to households and businesses. +> +>Large bank capital requirements are in part determined by the Board's stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs. The below table shows the total common equity tier 1, or CET1, capital requirements for each bank, which is made up of several components, including: +> +>Minimum capital requirement, which is the same for each firm and is 4.5 percent; +> +>The stress capital buffer, or SCB, requirement, which is determined from the stress test results, and is at least 2.5 percent; and +> +>If applicable, a capital surcharge for global systemically important banks, or G-SIBs, which is at least 1.0 percent. +> +>The Board also affirmed the stress test results for one bank that requested reconsideration, HSBC North America Holdings Inc. The reconsideration process involved an independent group—separate from the stress testing group—that analyzed and evaluated the results. While affirming HSBC's stress test results for this cycle, the Board also directed the staff to conduct a closer examination of issues raised in the reconsideration process to inform continuing improvements in its stress testing methodology for next year's stress tests. + +&#x200B; + +Large Bank Capital Requirements - August 2021 + +Under the Federal Reserve Board’s capital framework for bank holding companies and U.S. intermediate holding companies with $100 billion or more in total consolidated assets, capital requirements are in part determined by the supervisory stress test results. Table 1 shows the total common equity tier 1 (CET1) capital requirement for each large bank, which is made up of several components, including + +* a minimum CET1 capital requirement of 4.5 percent, which is the same for each bank; +* the stress capital buffer (SCB) requirement, which is determined from the supervisory stress test results and is at least 2.5 percent;[1](https://www.federalreserve.gov/publications/large-bank-capital-requirements-20210805.htm#fn1) and +* if applicable, a capital surcharge for global systemically important banks (G-SIBs), which is at least 1.0 percent. + +&#x200B; + +|**Bank**|**Minimum CET1 capital ratio**|**Stress capital buffer requirement**|**G-SIB surcharge**[\*\*\*\*\*](https://www.federalreserve.gov/publications/large-bank-capital-requirements-20210805.htm#xt1p1f1)|**CET1 capital requirement**| +|:-|:-|:-|:-|:-| +|Ally Financial Inc.[†](https://www.federalreserve.gov/publications/large-bank-capital-requirements-20210805.htm#xt1p1f2)|4.5|3.5|n/a|8.0| +|American Express Company†|4.5|2.5|n/a|7.0| +|Bank of America Corporation|4.5|2.5|2.5|9.5| +|The Bank of New York Mellon Corporation|4.5|2.5|1.5|8.5| +|Barclays US LLC|4.5|3.6|n/a|8.1| +|BMO Financial Corp.|4.5|3.0|n/a|7.5| +|BNP Paribas USA, Inc.†|4.5|6.4|n/a|10.9| +|Capital One Financial Corporation|4.5|2.5|n/a|7.0| +|Citigroup Inc.|4.5|3.0|3.0|10.5| +|Citizens Financial Group, Inc.†|4.5|3.4|n/a|7.9| +|Credit Suisse Holdings (USA), Inc.|4.5|6.9|n/a|11.4| +|DB USA Corporation|4.5|4.5|n/a|9.0| +|Discover Financial Services†|4.5|3.6|n/a|8.1| +|DWS USA Corporation|4.5|7.2|n/a|11.7| +|Fifth Third Bancorp†|4.5|2.5|n/a|7.0| +|The Goldman Sachs Group, Inc.|4.5|6.4|2.5|13.4| +|HSBC North America Holdings Inc.|4.5|7.5|n/a|12.0| +|Huntington Bancshares Incorporated†|4.5|2.5|n/a|7.0| +|JPMorgan Chase & Co.|4.5|3.2|3.5|11.2| +|KeyCorp†|4.5|2.5|n/a|7.0| +|M&T Bank Corporation†|4.5|2.5|n/a|7.0| +|Morgan Stanley|4.5|5.7|3.0|13.2| +|MUFG Americas Holdings Corporation|4.5|3.3|n/a|7.8| +|Northern Trust Corporation|4.5|2.5|n/a|7.0| +|The PNC Financial Services Group, Inc|4.5|2.5|n/a|7.0| +|RBC US Group Holdings LLC|4.5|3.4|n/a|7.9| +|Regions Financial Corporation|4.5|2.5|n/a|7.0| +|Santander Holdings USA, Inc.†|4.5|2.5|n/a|7.0| +|State Street Corporation|4.5|2.5|1.0|8.0| +|TD Group US Holdings LLC|4.5|2.5|n/a|7.0| +|Truist Financial Corporation|4.5|2.5|n/a|7.0| +|UBS Americas Holding LLC|4.5|7.1|n/a|11.6| +|U.S. Bancorp|4.5|2.5|n/a|7.0| +|Wells Fargo & Company|4.5|3.1|2.0|9.6| + +\* The G-SIB surcharge is updated annually in the first quarter.   + +† Firm did not participate in DFAST 2021. The SCB requirement is based on DFAST 2020 results.  + +n/a Not applicable.  +Just wondering if anyone considers the long term implications of climate change when making financial decisions, particularly investment related. My wife and I bought a home recently and it was something in the back of my mind, i.e. the vast majority of our wealth is going into this one asset, will it be impacted by climate change in our lifetime or our kids lifetime. + +I guess it depends on the specific area as Australia won't be uniformally affected, and we didn't buy somewhere that is already significantly impacted by flood / cyclone / bushfire. But interested if other people factor in long term climate risk generally. + +Beyond physical assets, do you guys invest in green tech / water tech etc? + +Cheers +I swear, with commbank, it doesn’t matter what time of day it is when you call the technical support number it always says “we are currently experiencing a high number of calls, your expected wait time is over 60 minutes” Jesus Christ commbank, pull your head out of your ass. +Just thought it will be interesting to see if anyone has or is planning to relocate permanently or temporarily (but for longer than 6 months) due to covid situation which allows some more flexibility and/or WFH. + +Perhaps a beach side town in North NSW or SEQ, or maybe a quiet place in Tassie? + +Personally I am relocating to Brisbane from Sydney. My company has satellite office there and I have family there, housing is actually reasonably priced. Pace of life there a bit better as I have a young family. + +If I didn’t need to be near an office I’d probably move to Burleigh Heads or Mooloolaba . +With record household debt, 95% LVR loans and interest only loans for investment properties, it seems like even the smallest interest rate rise would cause an economic death spiral. + +How could interest rates ever increase again? Are we all fucked? +This community seems strong, and I’m glad to be a part of it. I have my own practices regarding multi time frame analysis (one of which I’m sure we all share, which is, that it is essential). I’m curious to learn what practices the members of this community use. I personally focus on about 4 time frames away from the directional chart. Ex: D1 establishes dominant energy/current direction, M15 is used for entries. I’ve also had success with just dividing a time frame by 4. Ex: H1 for direction, M15 for entry. Which methods do you all use? +Proper broker + verified trading results. + +If they don't have those two they don't have a fucking clue what they're talking about. They simply are talking out their arse. + +They want to get you to buy something or become their marketing bitch. +-The best way to do this would be for them to show you how great a trader they are --- SHOW YOU , NOT TELL YOU + +So why doesn't fucking top fucking cock trader bloke making big bank trading forex who can show you for a monthly membership fee show you his great trading results? + +Cause he's a fraud and makes no money apart from off dolts like you who believe their bullshit. + +No fucking trading proof = no fucking trading profits + +and why would you listen to someone proven (by proxy) to be a loser trader? or are you that stupid? + +Have a think and don't fall for all the snake oil. 95% of all traders will lose their money. Following proven losers talking shit makes it so. + +Here's my trading: https://i.imgur.com/YY5K3Dd.png to show it isn't that hard to put up if you're not full of shit. +-- I'm not here to talk about it - just warn about basically everyone who'll love to proclaim their expertise without a shred of evidence... +1. How did you start to learn forex? +2. What was/is your method on studying forex? +3. When you practice trade (play money account) what do you practice for? +4. Lastly, why did you want to learn forex? +This is going to sound really stupid. + + +But I come from a Marketing background, not a trading one. + + +So forgive me. + + +After a full month of trading with him. + + +I have noticed one main thing that separates him from me. + + +Experience. + + +I think it is dumb that I am so surprised by that. + + +It counts. + + +The system he has shown me is all based on mechanical entry. + + +We always get the same entries to our trades. + + +Down to the pip. + + +But after one month his account is doing really well and mine is -5%. + + +That only difference I can see is: + + +Experience. + + +I know I am always looking for shortcuts in life. + + +I came into trading knowing that this guy was good. + + +So I thought: + + +"Oh a shortcut to make more money" + + +All that said. + + +I was not excepting that difference in results. + + +I could show you where he entered all of his trades. + + +Because I entered there too. + + +He just outclassed me when it came to managing them. + + +As stupid as it sounds. + + +Experience counts. + +Really. + +Almost any subreddit that I run into that discusses about jobs or finances, there’s always the typical: + +“Dropped out of high school but now make six figures and more than my friends that went to college.” + +“I’m only (insert age) and make 250k.” +Almost any subreddit that I run into that discusses about jobs or finances, there’s always the typical: + +“Dropped out of high school but now make six figures and more than my friends that went to college.” + +“I’m only (insert age) and make 250k.” +Edit: *2022. I’ll still be writing ‘2021’ well into February 🙃 + +I obviously realize if CS told them the float (+ potentially more) had been locked, they would most likely not announce/deal with it in this way. Even if they wanted to, their legal team would probably heavily dissuade them not to 😂 + +I also realize my evaluation of how fast we’re DRSing may be a bit generous. But what I am certain of is that Apes own the float, several times over. + +But... *come. on.* How fucking A P E Y would you get if an announcement like that was given? “Heyyy hedgies 😘 We know. We know *allllll* of it. And we just want *you* to know… that we know.” + +Mic drop. + +Absolute meltdown-chaos ensues. + +\+623758% in AH. + +MOASS 🚀🚀🚀 +“Retail has been plowing into these oil contracts thinking they’re buying spot crude oil when they’re buying the next front month. So they’re paying $22 a barrel when the spot market’s negative $38. Retail investors are going to get fleeced if they continue to fly into these oil ETFs,” he said Monday on CNBC’s “Closing Bell.” + +https://www.cnbc.com/2020/04/23/short-sellers-make-nearly-300-million-betting-against-retail-investors-favorite-oil-fund.html + Hello, I am not in a great situation and might need to move out down the line. + +I am trying to look into creating a bank account that does not send ANY statements or letters to the residential address. My current bank account keeps sending promotional offers and other letters. + +Is it at all possible to go the zero-letter route? Like have a bank account but keep it secret for pertinent reasons, so that there are no statements or letters send to your address? +Long term, NVDA could see gains that rival AMZN, MSFT, or AAPL, but I'm curious as to the arguments for both bull and bear on this stock, besides the obvious. +Currently Tesla share price is only valued for the next 200 years but studies have shown that Earth will survive another 1 billions years before the Sun dies out. Thus You don’t have to be genius to figure out Tesla is heavily undervalued and it’s current value factors in only the very short time. I am kinda retarded to be able to do the math but trust me it’s heavy money. + +Factor in the when Zuckenberg calls in his species and that planet will be another market for Tesla that’s more clients for Tesla and it will sky rocket. Get in before it’s late +[https://www.youtube.com/watch?app=desktop&v=K064hJQ7fdI](https://www.youtube.com/watch?app=desktop&v=K064hJQ7fdI) + +&#x200B; + +What am I missing about the Virtu video? Did he just say the quiet part out load? + +This video is really interesting for a number of reasons. The CEO of Virtu says some really interesting things. + +So, first let’s run it through an auto translation page so I’m not fat fingering any of what he says. + +https://youtubetranscript.com/?v=K064hJQ7fdI + +(Sorry about the all caps, I don’t know why it does that and I’m on mobile, so fixing it is a bitch. My apologies.) + +“THERE'S NO OBLIGATION FOR THEM TO SEND IT TO VIRTU. + +WE PROVIDE A SERVICE AND EXECUTION AND **MINIMAL PRICE +IMPROVEMENT**” + +He comes right out and says that they provide “**minimal price improvement**. + +So we know right off the bat that we are not getting much if any meaningful price improvement with Virtu. + +BUT!, what he says a little later on is **REALLY FUCKING INTERESTING!** Listen very carefully to this shit! + +The host asks him a question about price improvement: + +Host - “>> YOU DO PROVIDE PRICE IMPROVEMENT AND YOU DO HELP IMPROVE AND YOU GET A BETTER PRICE FOR IT CAN YOU EXPLAIN HOW YOU DO IT.[?]” + +And gets the answer: + +“...ESSENTIALLY, THE RULE IS ANTIQUATED AND IT DOESN'T COVER THE AMOUNT OF **SIZE IMPROVEMENT** AND WE'VE BEEN VERY UP FRONT AND VERY TRANSPARENT ABOUT PROVIDING THAT LEVEL OF DATA. + +SO WHAT THAT MEANS IS IN THE 8,000 NAMES, TO THE EXTENT THERE'S NOT LIQUIDITY ON THE ANALYTIC EXCHANGE, FUNDAMENTALLY ***THE WHOLESALERS ARE PROVIDING +INFINITE LIQUIDITY*** AND THE INSIDE PRICE *SO IF WE GET AN ORDER THAT NO ONE'S EVER HEARD OF AND 200 SHARES ON NASDAQ AND NEW YORK*, **WE FILL OUT A THOUSAND SHARES AT THAT INSIDE PRICE** AND THAT'S MEANINGFUL LIQUIDITY AND WE PROVIDE **SIZE IMPROVEMENT** IN A COMPLETE, AN AUCTION +ENVIRONMENT, + +WHO'S GOING TO PROVIDE THAT THE LIQUIDITY FAIRY? IT JUST DOESN'T EXIST.” + +This is a really fucking interesting comment. He’s talking about “**Size Improvement**” Not *Price Improvement*. + +But, let’s hole up on that for just a SEC. Because I haz a curious. + +Size Improvement. From the “**Wholesalers**”. Wholesalers? + +So first, I learned a new Stonk term. “*Wholesaler*” Off to the googles I went, but I didn’t find much. So after some searching, I found this: + +https://boards.fool.com/for-those-who-still-cant-catch-nites-model-14035208.aspx + +It’s an article about Knight Trading (where have I seen that name before?) from 2000 in the Business 2.0 magazine. + +It describes **Knight Trading** as “**the nation's biggest stock wholesaler, or market maker**, for Internet brokerages such as TD Waterhouse, Ameritrade, and dozens more.” + +Okay, so these fuck sticks are (or were) Market Makers and Stock Wholesalers. (I can’t help but wonder if Knight Trading isn’t also related to Knight Capital, who were responsible for Fidelity’s little 11 million share “Oopsie”. Wouldn’t it be interesting if these two fuck sticks were actually the same fuck sticks.) + +But I digress. + +So back to my main point. He’s not talking about *price improvement*, he’s talking about **Size Improvement**. + +What the fuck is size improvement‽ + +https://crsreports.congress.gov/product/pdf/R/R43739 + +https://www.ubs.com/content/dam/static/wmamericas/bestexecution.pdf + +https://www.epfl.ch/schools/cdm/wp-content/uploads/2019/03/Jones-Slides.pdf + +https://www.academia.edu/32623256/All_else_equal_a_multidimensional_analysis_of_retail_market_order_execution_quality + +https://www.goldmansachs.com/insights/archive/alt-trading-sys.html + +“**Shhhhhh, Don’t talk about ‘Size Improvement’, just let us slip it in. - *Wall Street* (probably) + +So, what did I get out of all that? Not a fucking lot. It seems to be related to the almighty and much ballyhooed “**Liquidity**”. And if you remember from our little transcript above, ***THE WHOLESALERS ARE PROVIDING +INFINITE LIQUIDITY*** + +So my question is; How do Wholesalers provide “Infinite Liquidity”? We know that *Liquidity* is basically Boomer for *“Counterfeiting”*. They seem to have found a way to provide infinite counterfeit shares. And through the magic of FTD’s and other ‘kicking the can’ style fuckery they seem to be able to prevent the closing of those positions indefinitely. This 140% breaks the price discovery mechanics and results in a *completely fraudulent marketplace*. + +***But GME holders knew this already.*** + +What really amazed me is that he came right out and said the quiet part out loud. + +He came right out and said it. Unless I’m missing something, **Infinite Liquidity** equals **Fraudulent Marketplace**. It just can not mean anything else. + +Edit to say: after a brief exchange with u/Smithmonster +“Infinity liquidity, infinite risk!” + +And shorting already carries infinite risk. This is like infinity times infinity! + +That’s Black Hole level shit! ♾ X ♾ = 🕳 + +I think I figured it out. They broke the price discovery mechanism with this infinite liquidity bullshit. That’s probably one of the biggest reasons why they have to fake the price! Because they completely broke the price discovery mechanism. + +I mean, look at all the effort they put into hijacking organic price discovery. Just off the top of my head: + +Wash sales, OTC Sales, Order spoofing, Odd & Mixed Lot trades, Block trades, Broker Internalization & bundling, Market Makers Exemption, Market Makers Internalizing, Predatory Shorting, FTD’s, Naked Shorting, Payment for Difference, PFOF, Market Makers codes, Dark Pools, Coded orders, Market Halts, Volatility Halts, Gaps, Front-running, Hi-frequency trading, Pumps & Dumps, Poops & Scoops, Short & Distort, Offshore Market manipulation, Foreign Market Warehousing (Brazilian Puts) , Complete Corporate MSM media control, Massive social media shilling campaigns… + +Just look at it! And like - This is a short list There is lots, and lots, and lots more. + +The US “Free” Market as we see it today is a **criminal masterpiece**. The big players control the prices. + +And they have to fake it as long as they can keep it up so no one would find out. + +*** + +*Side quest: I’m looking for art & dank memes for a Stonky ticker Wall Art project. 0x4A4ABc7B8196bbe3A5355E70a7E6c63608b20781 +Hit me up if you have ideas for cool shit to include. +As a recovering addict/alcoholic I’ve never done anything regarding investing or retirement.Now that I’m sober and nearly 40, I’m trying to get a financial plan together. My family never had money growing up so I’m very financially illiterate. + +Basically, I have $315k liquid cash and no debt. I just have a savings account where I have deposited every dollar I've ever made. + +I just can’t seem to find any clear recommendations for appropriate allocation percentages in each type of investment. + +How much should I put in stocks (and bonds)? Or what percentage of available cash should be allocated to stocks?How much should I put in a 401(k) or some sort of IRA? I’m self employed.What do I do with the rest of my money? Put it into CD’s? + +Any advice or thoughts are welcome. Thank you. + +&#x200B; + +Edit 1: You guys have been so amazingly helpful thus far. There is so much helpful information in the responses. + +My follow up question: How does one choose a good financial adviser? You've convinced me to sit down with somebody. There seem to be countless options for advisers. Any recommendations on how to select one would be greatly appreciated. + +Edit 2: Actually is it worth getting a financial advisor? + +Edit 3: Silver? Aww, bless you kind Redditor. +Employers on the scheme will have to start making payments even if they remain closed, report says + +[https://www.thetimes.co.uk/article/firms-must-start-paying-quarter-of-staff-wages-29lffbmk3](https://www.thetimes.co.uk/article/firms-must-start-paying-quarter-of-staff-wages-29lffbmk3) +# The ReChain community has made this an amazing launch, thanks to everyone who participated. + +We are officially on **DAY 2,** and our marketing campaign will start immediately; our ads have been posted on PooCoin and will have influencers on board, so stay tuned! + +We have a lot of surprises and giveaways coming and sneak peeks of our new features! + +The team is doxed and is hosting an AMA for the new members who missed last night's. + +AMA: Saturday at 9 pm EST + +Get ready; the team will be more than happy to answer all your questions! + +**I don't think people realize the potential this has from a product perspective. Having simple notifications for new users will help people not lose out on money they forgot about just thinking about all those shitcoins that are just sitting there at .000000005, and then all of a sudden, some bot starts pumping it. You should know! And get your investment back!** + +All the links to the project will be posted below; Admins in TG are active and ready for you + +🔳Tokenomics : + +🔸Name: Rechain Finance + +🔸Symbol: $RECH + +🔸Blockchain: BEP-20 + +🔸Total Supply: 1T + +*2% redistribution, 2% reinvigoration, 6% burn on transactions.* + + + + +🗾 **Contract Address:** 0xF4DB3Dd2046D05D81980be2e65eA325597F0743b + +🗾 **Chart:** https://poocoin.app/tokens/0xF4DB3Dd2046D05D81980be2e65eA325597F0743b + +🗾 **Pancakeswap:** https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xF4DB3Dd2046D05D81980be2e65eA325597F0743b + +**🔳Official Links :** + +**🔻website:** https://www.rechain.finance/ + +**🔻Tg Group:** https://t.me/Rechainfi + +**🔻Tiktok:** https://vm.tiktok.com/ZMeHLetKP/ + +**🔻Discord:** https://discord.gg/GumVvtcK + +**🔻Twitter:** https://mobile.twitter.com/ReChainFinance + + + + +&#x200B; + +⚪️*The first all-in-one trading Defi toolkit.* + +*Rechain is the first decentralized toolkit that notifies holders of the movement of their tokens.* +***Here’s what you need to know*** + +**💎** Dirt Cheap - New Aths Consistently + +**💎** Dev’s Always Available - 100% Transparent Roadmap + +**💎** Cross-Chain bridge Imminent + +📍Join Nearly 11K Members - [**https://t.me/windswapmembers**](https://t.me/windswapmembers) **📍** + +**Can’t Stop Influx of New Investors! Weekly Ath | CG | CMC | Blockfolio** + +**We’ve never once not delivered on any of our events, 100% transparency and has never been better.** + +***Accomplishments Over Last 2 Weeks*** + +**✅ LIVE Exchange (100% Usable)** + +**✅ CMC / CG / Blockfolio** + +**✅ UI Improvements** + +⭐️Join The Community: [**https://t.me/windswapmembers**](https://t.me/windswapmembers) **🎯** + +The price will never be this low again. Get in early, there is still time to multiply your money! I’ve noticed this time and time again, the new floor has risen and then a new ath is just around the corner. I’m expecting the pattern to continue and a new ath is coming just around the corner! + +**Coming soon...** + +🔥 Rug Checking Tools + +🔥 ERC-20 & BEP-20 Bridge + +🔥 Smart Put/Call Limit Orders + +**Links** +Site: [https://windswap.finance/](https://windswap.finance/) + +Telegram: [https://t.me/windswapmembers](https://t.me/windswapmembers) + +Chart: [https://app.windswap.finance/#/chart](https://app.windswap.finance/#/chart) + +Litepaper: [https://windswap.finance/whitepaper/litepaper.pdf](https://windswap.finance/whitepaper/litepaper.pdf) + +Coin Market Cap: [https://coinmarketcap.com/en/currencies/windswap/](https://coinmarketcap.com/en/currencies/windswap/) + +Coingecko: [https://www.coingecko.com/en/coins/windswap](https://www.coingecko.com/en/coins/windswap) +Good morning everyone, + +The more I do research, the less confident I feel about my portfolio. It feels not diversified and not defensive enough in case of a slump. + +Currently, it's more than half of my net worth (hope that is not crazy). Any feedback on my portfolio would be greatly appreciated. + + +https://preview.redd.it/gxir0xfkvoc41.png?width=924&format=png&auto=webp&s=69a75ae67360731d639dfe90cc306486fe52d2f0 +Interesting do the clever analysts in the city know it all? + +FT Feb 2018 + +Numis raises Thomas Cook to “buy” from “reduce” with a 149p target. “Our analysis shows that Thomas Cook’s focus on improving its product and service quality is starting to bear fruit, growing share in 2017 for the first time since 2011. A normalising geopolitical landscape, an improving foreign exchange backdrop, control obtained over its UK retail footprint and the outsourcing of its complementary hotels to Expedia and Webjet under way, should all enable it to at least defend its share going forward, in our view.” +Hi all, + +Possibly silly question time, but I’ve run some searches and can’t find the answer, so I am wondering if someone here might know the answer. + +I am not very far along my investing path, but I’ve just started learning about shorting. I think I understand the basic concept, which includes heavy shorting possibly suppressing share prices? + +My question is ‘Can a company do anything about being shorted.’ + +The answer to me seems to be not a lot, except along the lines of trying to improve business performance to the point where it becomes too attractive for people not to invest in the company. + +Further, what percentage of stocks being shorted constitutes a lot? I’ve found one article suggesting over 10% is high, with 20% being very high, but it would be great to have a bit more evidence. + +If anyone is interested as a real life example, a stock in my portfolio is GlaxoSmithKline. Noticed a few people talking about it being significantly shorted. My research indicates it’s currently shorted by volume at 17% + +Link - https://fintel.io/ss/us/gsk +Does anyone have any suggestions on funds, etc which would offer protection against a falling pound (not looking for any growth on this money, just a "cash equivalent" non-sterling fund with no/very little risk should global stock markets fall)? I see there are "short term money market" funds such as Fidelity Cash that hold the investments primarily in cash or equivalents, but I'm rather a newbie investor, so not clear if this is held as sterling (in which case no better than a UK bank account) or in another currency which would offer protection should the pound plummet. +im 21 and have a well paid job and pension and am looking into investing long term. + +I am looking for something where i can set up a direct debt to take 200 a month and invest it for me etc. + +I would aim to invest for 15-20 years. + +If anyone has any recommendations on companies etc that would be greatly appreciated! +I have been wanting to invest for a while and finally feel that I am confident enough to start. + +I originally wanted to start out with FTSE 100 and S&P 500 ETF's and then grow outwards from there when I get more confident. However, I am looking for your guy's opinion on whether or not to wait til after brexit to invest. + +So would it be worth investing in US/EU based ETF's to begin with, and then invest post-brexit when people are panic selling? + +I am new to the investing game, so any advice you guys can give me will be appreciated! +I hate Brexit but may as well try and make some silver lining out of it . + +I have a S&S ISA and was wondering if there is anyway we can short Brexit / bet against it etc? + +Many thanks +I have been buying several funds recently in a LISA, and have been tracking individual stocks (although not purchased yet). + +I was trying calculate how much should I invest to offset the buy & sell fee's + stamp duty + broker admin fee's. With the funds (via H&L) there is not purchase fee, just ongoing mgmt fee's. + +If I bought £200 the overhead on this is : +£11.95 (buy fee) + 0.5% stamp + £11.95 (when I sell)... = £25.90 + +So before I even break even, I would need at least a 12% increase on the shares. To reduce this break even point - it seems as if it's only worth investing in a specific stock if we are talking £600/700 + really ? + +Or am I seeing this in the wrong way ? ... unless I am in this for the long term and the share price goes way above 12%. +My in laws have recently received funds from selling an inherited property and are looking to invest around £135k in low risk funds for around 5% income. + +They are 67 and 60 years old and not really looking for big gains but more interested in steady income. They have a decent pension already to live on so this will just supplement their income to be able to go on holidays and treat themselves occasionally. + +I've just opened them both ISA on vanguard platform and transferred in £20k each and will add another £20k each once the new financial year starts. + +I have couple of questions, + +Is one of the Vanguard Life strategy fund either 20/80 or 60/40 the right choice for their requirements? If not what would be the right choice of fund/investment trust? + +If invested into LS fund as income instead of Accumulation, how is the income paid? I.e monthly or yearlly? + +Many thanks in advance. +Hi, + +I was looking to start investing in an index fund at around £100 per month. I was going to go ahead with either a vanguard life strategy 80 or 100 fund. I am 26 years old with a salary of £39000. + +However, with the major slump in UK GDP and the uncertainties over coronavirus should I wait to start investing? If the markets are due a massive shock again, wouldn’t it be most appropriate to wait? + +Also any comments on other indexes or book suggestions would be great. + +Thank you I’m advance. +Hi, + +I’ve been reading a lot of the ARK website and along with watching interviews of Cathie Wood I’ve decided I want to invest in their ARKG ETF. I think it’s an incredibly interesting sector and I would like to have some skin in the game. + +For reference, I have 80% of investments in Vanguard FTSE Global All Cap and the rest in sector specific ETFs on Trading 212. I’m 24 and willing to take the risk with some of these sector picks, I also enjoy the reading up and following innovative tech, probably what drawn me to ARK in the first place. + +There’s a guy on Trading 212 who has an ARKG pie that he updates and rebalances every week, do you think this would be suitable to follow or can you see any issues with this? I’d far rather invest in the actual ETF but unfortunately this doesn’t seem possible. I’d have to put in a bit more work checking that it’s being actively rebalanced weekly, and it’s missing a few of the smallest holdings as they’re not on trading 212 but it’s very close. Does anyone here do anything similar with 212 pies or try to invest in ARK from this side of the world? + +Thanks in advance! +Taking a dip last couple of days. I personally think it's due to to the fact people aren't buying clothes at the minute as winter is round the corner in UK. Buy, sell or hold? +Ok, so citywire recently revealed that fundsmith has started a shorting fund marketed to wealthy us investors. [https://citywire.co.uk/funds-insider/news/terry-smith-s-big-short-fundsmith-readies-hedge-fund/a1372855?section=funds-insider](https://citywire.co.uk/funds-insider/news/terry-smith-s-big-short-fundsmith-readies-hedge-fund/a1372855?section=funds-insider) + +&#x200B; + +Fundsmith then comment that this is just to manage smith personal portfolio, which is odd since Terry used to have alot of money is the fundsmith fund. + +[https://citywire.co.uk/funds-insider/news/fundsmith-terry-smith-won-t-run-hedge-fund-or-change-style/a1373287](https://citywire.co.uk/funds-insider/news/fundsmith-terry-smith-won-t-run-hedge-fund-or-change-style/a1373287) + +[https://www.fundsmith.co.uk/news/article/2020/06/26/fundsmith-long-short-fund](https://www.fundsmith.co.uk/news/article/2020/06/26/fundsmith-long-short-fund) + +&#x200B; + +Fundsmith has also recently bought shares in Nike, despite saying in this years ASM saying that they don't like fashion brands, Nike is less of a fashion brand that Zara but i would say it still qualifies as one. + +What are you guys thoughts on all this, is it the downfall of fundsmith? +# UPDATE: It's $3B in Transactions on the GameStop Marketplace powered by IMX. + +&#x200B; + +https://preview.redd.it/nq5cy6owfof81.png?width=597&format=png&auto=webp&s=fbff502866db31179a0a5b0f02fe8d4204b9aa2f + +&#x200B; + +&#x200B; + +I posted a screenshot of the Milestones for GameStop to reach ([https://www.reddit.com/r/Superstonk/comments/sjij8f/looks\_like\_gamestop\_is\_planning\_for\_3b\_in\_primary/](https://www.reddit.com/r/Superstonk/comments/sjij8f/looks_like_gamestop_is_planning_for_3b_in_primary/)) and just read through them more carefully. + +# TLDR: BULLISH AF, GAMESTOP MARKETPLACE WILL DO MUCH MUCH MORE THAN $3B IN TRANSACTIONS PER YEAR. + +**~~Also, please have a read through and correct me if I am wrong here. This is just my current interpretation of the agreement and I could be interpreting the words wrong because I am an engineer and not a lawyer.~~** + +First, read the Proposal Details here: + +[Details of the Proposal](https://preview.redd.it/s93td6j9bnf81.png?width=1896&format=png&auto=webp&s=2f172168c48d5c0fee4ea2bd9e9489258e7a2477) + +" GameStop will be integrating Immutable X’s technology into its NFT marketplace. **In addition, there will be joint business development efforts to grow the developer, artist and gaming studio ecosystem on Immutable X via the GameStop NFT marketplace.** " + +So, there will be development efforts to grow the Immutable X ecosystem: [https://market.x.immutable.com/](https://market.x.immutable.com/) + +Now, read Milestone 4, and 5. + +[Milestone 4 & 5](https://preview.redd.it/k1el0u7hbnf81.png?width=1894&format=png&auto=webp&s=6b6014b0921d2d17f26063a5266ec4777d90bad3) + +**Milestone 4:** Reach a cumulative amount of $1.5 billion in combined Primary Sales and Secondary Market Sales Transactions **ON** Immutable X + +**Milestone 5:** Reach a cumulative amount of $3.0 billion in combined Primary Sales and Secondary Market Sales Transactions **ON** Immutable X + +&#x200B; + +Here is the ecosystem on Immutable X + +[https:\/\/market.x.immutable.com\/](https://preview.redd.it/uw93n8albnf81.png?width=1887&format=png&auto=webp&s=6a406f30fb68fb85ff5faf7d1528173810569b88) + +**~~SO,~~** ~~to me it seems that GameStop is confident they will be able to help grow Immutable X's ecosystem to $3B in customer transactions within the next 2 years.~~ + +~~This does not mention what they expect their own GameStop Marketplace to do in transactions. But if they believe they can grow Immutable X's ecosystem to that I bet they are planning for A LOT more in transactions on their own platform. The $3B in transactions would just be a small chunk of the overall GameStop marketplace pie.~~ + +Again, please read through the terms yourself and feel free to add to the discussion. I may be wrong in my interpretation of this. + +Thanks! + +🦍💜🦍💜🚀 +Hi everyone, + +Unfortunately, we have recently become aware of some scams targeting people in this sub who post and comment here. This is a reminder to please be vigilant, and if someone makes you an offer that seems too good to be true, it probably is. + +1. Someone will message you saying they will give you $500 (or any large some) to pay bills. They'll say they will send you a check for $500 plus another large sum for a donation/other service. They ask you to deposit the check then zelle/transfer the rest to another party. What will happen is you will deposit the check (which will take up to 10 business days to clear), you transfer the money to the "third party" which is the same entity, then the check ultimately bounces and you've sent a large sum of your own money back to the scammer. Please ignore these folks and report them to the mod team and we will elevate them to the admins. + +2. Scammers will target people who post in the sub via PM/chat (so moderators can't track) telling them about their great new get rich scheme that involves crypto currency, affiliate marketing, MLMs, or another scammy business practice. Please ignore these folks and report them to the mod team and we will elevate them to the admins. + +Again, if it sounds too good to be true, it probably is. Please let us know of any other scams you experience and we will post them here as well. If you're uncertain, make a post about it or message the mods and we'll assess accordingly. Thank you! +I think the zen Apes are on to something. Quiety living life, buying as much as they can do within their means, having patience. + +If you get good at budgeting now, you'll win in two ways. First, you'll be able to buy more GME in the short term. Second, as GME increases in value, you won't waste your money as easily on stupid stuff. + +I know some Apes just want to waste all their moass $ on hookers amd blow, but for the other 70% of us, this is a place to ask questions about budgeting and begin to take steps to get your current financial house in order. + +I'll start by quickly outlining a couple common approaches to budgeting. + +First is the micromanage strategy. Free tools like Aspire Budgeting which run off a google sheet is like this. You track all expenses, and all cash inflows. You create a monthly budget for nearly every category of spending, and track your money in detail. This is kind of like the Dave Ramsey envelope strategy. + +Second is the automated strategy. Download an app like Mint, connect it to your accounts, and let it do the work for you. It can try to auto categorize transactions for you, this is a pretty easy way to get some financial insights and budgeting done with not as much work. + +The third is just a overview type budget. In this category you don't track or worry about the common expenses that are necessary. Insurance, pa payments, electric, etc. You only track spending in 2 or 3 big categories to hp stay on track. So maybe going out to eat / alcohol. Or entertainment. By keeping a close eye on the biggest 2 or 3 discretionary categories, you save more $. + +Ask away, and other people please elaborate on anything else! + +---EDIT--- I meant this post as a way to encourage health spending/savings habits now, BEFORE MOASS. Please, work on getting your financial house in order NOW, this month, before GME price increases. It takes time to acclimate yourself to reviewing your accounts and tracking expenses; regardless of how much $ you have. +So as the title says, I'm being charged $2000 for electric from March thru June. I was enrolled in autopay and was charged reasonable amounts up until a bill came in on June 2nd. That bill nullified my March through May payments and increased them to $1200. On top of the the May to June bill was around $725. I am in a ~1150 sqft apt with a SO and dog. The energy co came out and said the meter was 100% accurate. So I'm trying to figure out what my next steps are. I'm thinking of getting my Property Group to electric audit my apartment or to bring out an HVAC specialist to check if everything's correct? Or someone to check the water heater? Any suggestions would be awesome. + +Edit: to add the bills were for 15000 kwH and 7700 kwH respectively. The apartment is not a multiple level building but 2 stories with garages under most units. We're in the Cincinnati area. + +Edit 2: Thanks everyone for the huge help. I believe right now I'm going to contact my Property Manager and tell them to get an electrician out or I will do so myself. They've treated us well so far so it shouldn't be an issue. I'm also going to look into the energy audit through our provider as well as turning off the electric for a half day this weekend. May take a few days to have this all completed but I'll try to let people know what I find in case this happens to them. + +Edit 3: So today I had contacted my Property Group again and was writing out all of the hard numbers on a pad of paper just to make sure all the evidence was there. I clearly was missing the numbers on the meter reads were completely off of what my meter actually was reading. I ran outside, snapped a quick pic of the meter, and saw the the estimate reads (which the meter reader yesterday said we're 100% accurate) were 18000 kwH higher than what was actually being displayed on my meter. Not sure how it took so long for my dumb brain to put two and two together but it clicked. So I contacted the Public Utilities Commission and now have an open investigation on the meter. I also contacted the electric providers corporate office and left a 4 minute voicemail with details and numbers to back my claim. I cannot figure out where they went wrong in switching my meter or numbers for different ones but, if my meter is 100% accurate, their numbers on my bill are 18000 kwH then what it should be. Will update when I receive a call. + +Edit FINAL: Thanks again to everyone commenting and helping out. Just got an adjusted bill for a 91 day period that was just at what I thought my usage would be. Also got a call from the Public Utilities Commission who said they told him incorrect things as to how the meter was changed and the numbers were screwed up. I will now be checking my meter every week for the foreseeable future just to make sure this doesn't happen again. +No, for the 1000th time India is not banning crypto. Crackpot posters will post highly reactionary posts that will always make you think of the extreme possible scenarios. And this is not the first this is happening, earlier this year a guy made post saying that he sold all his holding because India is banning and criminalising. He though he was going to jail. It’s been 6+ months and no such thing has happened. + +Step back and take a look at prominent Indian crypto figures on twitter like @NischalShetty (Founder of WazirX). + +Right now the latest news is that the crypto bill has been tabled for Winter session after a committee consisting of crypto leaders and bill makers and Financial minister talked extensively about how to proceed. Nischal was a part of this committee and has tweeted several updates regarding it. + +So ffs stop getting swayed by reactionary posts and look at the facts. INDIA IS NOT BANNING CRYPTO. +I've just signed a new contract with work. Was earning around $140k / yr, will now be earning $215k /yr (+ super). I work in tech as a software engineer. + +Apologies if these are super basic questions; up until 2017 I never earned more than $60k a year (and before 2014 I was on about $20k a year / grew up poor / have no financial mentors or anyone I know that I can really ask). I do have an accountant who has given me some advice and helped me set up my PTY LTD company, but he's AWOL at the moment and I don't know what I'm doing. + + +**Key things to note:** + +- I'm a contractor, working in this job 4 days a week. +- I work on few other startup projects during my other 3 days a week +- Have been earning $140k/yr (+ super) for the past year. Have just been upped to $215k (+ super) +- I bill under a PTY LTD, of which I'm the director. I pay myself $3-4k / mo to cover living expenses +- The rest of the money I keep in my business account, which I use for marketing and development of my own projects. There's about $30k in that business account at the moment.- In my personal accounts I have about $40k in savings at present. +- I don't have private health insurance +- Am 31, single, Male, living in Melbourne, no kids, no major health concerns etc. +- Debts: I don't own a home or a car. I have a small HECS debt remaining (maybe $10k?). +- Expenses: I pay about $2k/mo in rent and have about $1.5k/mo in living expenses. +- Credits: I'm invoicing for $12k/mo at the moment, and that will go up to about $18k/mo as of this month. I also collect GST. + +**My questions are:** + +- My contract work is paid to my company and I pay corporate tax (28% or something?). When I pay myself from that company, do I also pay personal income tax? Am I essentially paying tax twice here? (this is a new setup and I haven't done a BAS statement yet) +- I have very little in my super. $24k as of March 2019. As I've not bought a house yet, and have a fair chunk of cash coming in, what's the best way to voluntarily contribute to my super? And how do I do this, do I just get the (UniSuper) super's bank deets and transfer cash to them? +- Does the PTY LTD -> paying myself as an employee structure make sense here? I have no issue with paying the tax that I owe (will be around $50k this year and $90k next financial year IIRC), I just don't know the best way to structure my finances. +- I think there's a medicare levy I'll have to pay if I don't have private health insurance. I can pay ~$1k / yr for private health insurance to avoid the levy, but it feels like that insurance is crappy and doesn't really cover anything much. Is it generally good advice to not bother if you're single and in good health? In the past 4 years my only medical concern is maybe $3k in dental work (a crown and a buncha re-doing of old fillings) and the costs of insurance haven't felt worth it for me. +- In just a few years I've gone from the very lowest tax bracket to the highest (I think?), and I have NO IDEA what you're meant to do with money, what I'm meant to do with savings, how to save for a house deposit etc. Any general, non-jokey advice (if there is any?) on "what do to if you earn more than $200k" would be GREATLY appreciated, this is a huge income jump for me and I feel quite lost. +- Is there a special type of accountant I should be looking for? + +If any of these questions break the rules please let me know and I'll remove them. +Trying to understand the cons of having to pay LMI on a home loan vs raising a 20% deposit. + +Happy to corrected of my reasoning is off the mark. + +Here goes + +If i were to raise 20% deposit on an 800k home loan, would need to raise about $160k. + +If however I were to only raise 10% deposit and got approval, might end up paying something like say $20k LMI on an $80k deposit. + +If i can get get a home loan at $80k deposit costing me $20k over the lifetime of the mortgage, Is there really much benefit to avoiding LMI? +#Avalanche +Well, the main difference is that Avalanche is not sharded (splitting the network into shards) which is needed for being future proof otherwise you will run into bottlenecks a few years down the road. + +However probably much more important since a few days: +Avalanche network is broken right now. The network is not working and had confirmed double spends which the team tried to cover up by deleting the transaction from their explorer... + +Here it is on the community explorer: +https://avascan.info/blockchain/c/address/0x0a99c32AFFAEc0a697D4CB4bf660Eeddcf432c21/transactions + +Here it is on the team one. It used to show all the tx's, now it only shows 3: +https://cchain.explorer.avax.network/address/0x0a99c32AFFAEc0a697D4CB4bf660Eeddcf432c21/transactions +As you will see below, the SEC v2.008: + +* **PLAINLY ACKNOWLEDGED NAKED SHORT SELLING EXISTS** +* **THAT IT IS BY-NATURE "ABUSIVE"** +* **SAID THEY HAVE "ZERO TOLERANCE" FOR IT** +* **AND THEN...tEmPoRaRiLy BANNED IT** + +# Naturally, I'd like to know: WEN NEXT tEmPoRaRY NAKED SHORT-SELLING BAN, SEC v2.022? + +# = = = = = = = = = = = = = = + +**Here's a running list of money quotes I'm compiling from the articles below:** + +* ***Peter Cardillo:*** + * **“This will absolutely make a difference. Short sellers \[will\] have to cover their positions very heavily.”** + * **“In the marketplace, we need both sides of the equation, but the relaxed regulation of the SEC has led to abuses of short selling that have destroyed many, many companies.”** + * **“This decision will squeeze the shorts.”** + +* ***SEC Chairman Christopher Cox:*** + * **“ These several actions today make it crystal clear that the SEC has zero tolerance for abusive naked short selling”** + * **“The commission is committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets”** + * **“[The action] would not be necessary in a well-functioning market.”** + +* ***Authors:*** + * **“Instead of just shielding the embattled financial services industry this time around, the nation's securities regulator said the prohibition would cover all publicly traded companies”** + * **“Other groups [...] which represent hedge funds and other asset managers, have opposed any permanent changes, fearing that a rule would not only limit legitimate short selling but also give an inaccurate representation of the real price of a stock”** + * **“Industry groups like the American Bankers Association feared that the yet-to-be-announced rules may not go far enough to protect the stock price of banks”** + * **“The SEC also said it would temporarily ease restrictions on companies' ability to repurchase their stock, and force money managers to report their short positions in certain stocks that are not included in the 799 banned companies”** + * **“Critics of short sellers have argued that some had been spreading rumors about a company while "shorting" the stock in order to drive the price lower.”** + * **“...the Wall Street follies will soon end. They were great while they lasted - though mainly for the hired hands”** + +# 14+ YEARS LATER: +# EXIT LIGHT. +# ENTER GAMESTOP SANDMAN, RYAN COHEN. + +# = = = = = = = = = = = = = = + +&#x200B; + +* **ARTICLE #1:** [**https://archive.today/ZFCDT**](https://archive.today/ZFCDT) **September 17, 2008:** + * ***"SEC puts 'naked' short sellers on notice: Regulator enacts new ruling banning 'naked' short selling on ALL PUBLIC COMPANIES"*** *(all-caps emphasis my own) By David Ellis,* *CNNMoney.com* *staff writer* +* **ARTICLE #2:** [**https://archive.today/Dmnzc**](https://archive.today/Dmnzc) **September 19, 2008:** + * ***"SEC bans short-selling: Agency puts temporary halt to trading practice that 'THREATENS INVESTORS AND CAPITAL MARKETS' for 799 financial companies"*** *(all-caps emphasis my own) By David Goldman,* *CNNMoney.com* *staff writer* +* **ARTICLE #3:** [**https://archive.today/qWHah**](https://archive.today/qWHah) **September 21, 2008:** + * ***"The end of Wall Street: As Lehman's demise and Merrill's acquisition make clear, A BUSINESS MODEL BUILT ON RAMPING UP RISK AND LEVERAGE SIMPLY DOESN'T WORK."*** *(all-caps emphasis my own) By Shawn Tully,* *CNNMoney.com* *editor at large* + +# ARTICLE #1: + +>**September 17, 2008: "SEC puts 'naked' short sellers on notice: Regulator enacts new ruling banning 'naked' short selling on ALL PUBLIC COMPANIES" (all-caps emphasis my own) By David Ellis,** **CNNMoney.com** **staff writer** +> +>. +> +>NEW YORK (CNNMoney.com) -- The Securities and Exchange Commission adopted a set of new rules Wednesday which would ultimately ban the practice of so-called "naked" short selling, possibly providing some much-needed comfort for financial markets. +> +>. +> +>But instead of just shielding the embattled financial services industry this time around, the nation's securities regulator said the prohibition would cover all publicly traded companies. +> +>. +> +>"These several actions today make it crystal clear that the SEC has zero tolerance for abusive naked short selling," SEC Chairman Christopher Cox said in a statement. +> +>. +> +>Traditional short sellers borrow stock with the aim of selling it, then buying it back at a lower price, hoping to pocket the difference. In a "naked" short sale, however, investors short the stock without actually borrowing it, making it much easier to drive down the share price of a company. +> +>. +> +>**Dramatic swings** +> +>Some market observers have blamed the recent wild swings in financial markets and steep decline in financial stocks on the practice of "naked" short selling. Hoping to stem the sharp selloff that the industry endured back in early July, the SEC enacted a temporary ban on the practice for 17 domestic and international securities firms, along with the twin mortgage giants Freddie Mac ([FRE](https://archive.ph/o/ZFCDT/money.cnn.com/quote/quote.html?symb=FRE&source=story_quote_link), [Fortune 500](https://archive.ph/o/ZFCDT/money.cnn.com/magazines/fortune/fortune500/2008/snapshots/3018.html?source=story_f500_link)) and Fannie Mae ([FNM](https://archive.ph/o/ZFCDT/money.cnn.com/quote/quote.html?symb=FNM&source=story_quote_link), [Fortune 500](https://archive.ph/o/ZFCDT/money.cnn.com/magazines/fortune/fortune500/2008/snapshots/2434.html?source=story_f500_link)). +> +>. +> +>The move helped, but financial stocks have come under pressure once again following the dramatic events over the last three days, including the collapse of Lehman Brothers ([LEH](https://archive.ph/o/ZFCDT/money.cnn.com/quote/quote.html?symb=LEH&source=story_quote_link), [Fortune 500](https://archive.ph/o/ZFCDT/money.cnn.com/magazines/fortune/fortune500/2008/snapshots/10312.html?source=story_f500_link)), the purchase of Merrill Lynch ([MER](https://archive.ph/o/ZFCDT/money.cnn.com/quote/quote.html?symb=MER&source=story_quote_link), [Fortune 500](https://archive.ph/o/ZFCDT/money.cnn.com/magazines/fortune/fortune500/2008/snapshots/2487.html?source=story_f500_link)) by Bank of America ([BAC](https://archive.ph/o/ZFCDT/money.cnn.com/quote/quote.html?symb=BAC&source=story_quote_link), [Fortune 500](https://archive.ph/o/ZFCDT/money.cnn.com/magazines/fortune/fortune500/2008/snapshots/2580.html?source=story_f500_link)) and a government rescue of insurer AIG ([AIG](https://archive.ph/o/ZFCDT/money.cnn.com/quote/quote.html?symb=AIG&source=story_quote_link), [Fortune 500](https://archive.ph/o/ZFCDT/money.cnn.com/magazines/fortune/fortune500/2008/snapshots/2469.html?source=story_f500_link)). +> +>. +> +>Prior to Wednesday's announcement, industry groups like the American Bankers Association feared that the yet-to-be-announced rules may not go far enough to protect the stock price of banks. +> +>. +> +>Other groups, like the Managed Funds Association and the Coalition of Private Investment Companies, which represent hedge funds and other asset managers, have opposed any permanent changes, fearing that a rule would not only limit legitimate short selling but also give an inaccurate representation of the real price of a stock. + +# ARTICLE #2: + +>**"SEC bans short-selling: Agency puts temporary halt to trading practice that 'THREATENS INVESTORS AND CAPITAL MARKETS' for 799 financial companies" (all-caps emphasis my own) By David Goldman,** **CNNMoney.com** **staff writer** +> +>. +> +>NEW YORK (CNNMoney.com) -- The U.S. Securities and Exchange Commission took what it called "emergency action" Friday and temporarily banned investors from short-selling 799 financial companies. +> +>. +> +>The temporary ban, aimed at helping restore falling stock prices that have shattered confidence in the financial markets, takes effect immediately. +> +>. +> +>"This will absolutely make a difference," said Peter Cardillo, chief market economists at Avalon Partners. "Short sellers are going to have to cover their positions very heavily." +> +>. +> +>Short sellers borrow stock with the aim of selling it, then buy it back at a lower price, hoping to pocket the difference. The commission said short sellers add liquidity to the markets during normal conditions, but recent unbridled short-selling has contributed to the recent tailspin in the stock market. +> +>. +> +>"The commission is committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets," said SEC Chairman Christopher Cox in a statement. "The emergency order temporarily banning short selling of financial stocks will restore equilibrium to markets." +> +>. +> +>Cox said the action "would not be necessary in a well-functioning market," and is just one of many actions being taken by the government to jump-start the embattled financial markets. +> +>. +> +>The SEC also said it would temporarily ease restrictions on companies' ability to repurchase their stock, and force money managers to report their short positions in certain stocks that are not included in the 799 banned companies. +> +>. +> +>Some market observers have also blamed short sellers for the punishing declines in bank stock prices over the past few days. Critics of short sellers have argued that some had been spreading rumors about a company while "shorting" the stock in order to drive the price lower. +> +>. +> +>"In the marketplace, we need both sides of the equation," Cardillo said. "But the relaxed regulation of the SEC has led to abuses of short selling that have destroyed many, many companies." +> +>. +> +>As panic began to permeate the financial markets, many investors took short positions on already battered financial companies regardless of the news that came out of the companies or the government. For instance, investment banks Morgan Stanley ([MS](https://archive.ph/o/Dmnzc/https://money.cnn.com/quote/quote.html?symb=MS&source=story_quote_link), [Fortune 500](https://archive.ph/o/Dmnzc/https://money.cnn.com/magazines/fortune/fortune500/2008/snapshots/3515.html?source=story_f500_link)) and Goldman Sachs ([GS](https://archive.ph/o/Dmnzc/https://money.cnn.com/quote/quote.html?symb=GS&source=story_quote_link), [Fortune 500](https://archive.ph/o/Dmnzc/https://money.cnn.com/magazines/fortune/fortune500/2008/snapshots/10777.html?source=story_f500_link)) reported better-than-expected earnings Wednesday, but dropped significantly in trading. +> +>. +> +>"This decision will squeeze the shorts," Cardillo added. "Now, if there is any good news, shorts will have to cover." +> +>. +> +>The ruling comes after the SEC decided Wednesday [to ban](https://archive.ph/o/Dmnzc/https://money.cnn.com/2008/09/17/news/companies/sec_short_selling/index.htm?postversion=2008091711) the practice of so-called "naked" short-selling, in which investors short the stock without actually borrowing it. +> +>. +> +>On Thursday, Britain's Financial Services Authority also temporarily banned short-selling for financial companies. The SEC said it is consulting the FSA in the matter. + +# ARTICLE #3: + +>**"The end of Wall Street: As Lehman's demise and Merrill's acquisition make clear, A BUSINESS MODEL BUILT ON RAMPING UP RISK AND LEVERAGE SIMPLY DOESN'T WORK." (all-caps emphasis my own) By Shawn Tully,** **CNNMoney.com** **editor at large** +> +>. +> +>NEW YORK (Fortune) -- Rumor has it that Lehman Brothers CEO Dick Fuld recently wanted to turn off the firm's signature Jumbotron, the giant panels that flash the Lehman name day and night at its headquarters in New York's theater district. +> +>. +> +>Running the lights, the story goes, was costing Lehman ([LEH](https://archive.ph/o/qWHah/money.cnn.com/quote/quote.html?symb=LEH&source=story_quote_link), [Fortune 500](https://archive.ph/o/qWHah/money.cnn.com/magazines/fortune/fortune500/2008/snapshots/10312.html?source=story_f500_link)) $500,000 a year. But New York City rejected Fuld's plea, since buildings in the Times Square area are required to keep their facades aglow to create the arcade effect that dazzles the tourists. +> +>. +> +>The lights are still on at Lehman HQ, but they're going out both for the 158-year old firm and for the Wall Street business model that it represents. +> +>. +> +>Now that Lehman has declared bankruptcy, and Bank of America is buying Merrill Lynch for $50 billion, the ranks of Wall Street survivors have shrunk in the space of six months from five to two, Goldman Sachs and Morgan Stanley. +> +>. +> +>With Merrill, and Bear Stearns before it, being acquired by giant commercial banks, we're witnessing the triumph of the diversified, universal banking model over the Wall Street one that focused on trading securities and advising corporate clients. +> +>. +> +>Eventually, the trend will probably capture Morgan Stanley and Goldman as well. Even if they skirt the fate of their former peers, their time is past. +> +>. +> +>The demise of old Wall Street isn't just about bad bets on mortgages or the hubris of Dick Fuld. It's the failure of an antiquated, risky strategy that depended on macroeconomic luck and that grossly overcompensated employees for being in the right place at the right time. +> +>. +> +>**Debt and more debt** +> +>The game Wall Street played relied on leveraging up the cash provided by shareholders to enormous levels and using all the debt to accumulate a giant portfolio of securities. +> +>. +> +>As long as interest rates trend downward, the value of that portfolio swells, yielding gigantic returns on a slim equity base. And, with the exception of a few scary blips caused by the Asian currency crisis and the tech meltdown, that's what happened for most of Lehman's existence since it was spun off by American Express ([AXP](https://archive.ph/o/qWHah/money.cnn.com/quote/quote.html?symb=AXP&source=story_quote_link), [Fortune 500](https://archive.ph/o/qWHah/money.cnn.com/magazines/fortune/fortune500/2008/snapshots/2493.html?source=story_f500_link)) in 1994. +> +>. +> +>Based on a huge surge in profits, the employees arrange to take compensation in amounts unheard of outside of sports and Hollywood. +> +>. +> +>This model has an obvious, and fatal, flaw. Earnings on Wall Street no longer come chiefly from recurring businesses but rather from a combination of huge leverage and huge risk. When good luck turns, as it did in the credit crisis that began just over a year ago, the shareholder wealth supporting all that leverage gets wiped out. +> +>. +> +>That's precisely what happened at Lehman. Its shares are trading today at around 20 cents, meaning that outside of the dividend that the firm slashed last week, Lehman managed to destroy wealth for shareholders. The employees, though, took out tens of billions in excess pay that's parked in mansions, yachts and stock portfolios. +> +>. +> +>How did such a scenario come to pass? There are four key reasons: +> +>. +> +>**Too much leverage** +> +>Between 2004 and 2007, Lehman swelled its balance sheet by almost $300 billion through the purchase of securities often backed by residential and commercial real estate loans. But in the same period, the firm added a miniscule $6 billion in equity. +> +>. +> +>As a result, assets jumped from an already high level of 24 times capital, to 31 times. So if the total value of the portfolio declined by 3% or so, shareholders' equity would be erased. +> +>. +> +>**Ever riskier products** +> +>Over the years, once-lucrative businesses on Wall Street have become commoditized, including trading and underwriting bonds for clients. +> +>. +> +>So Lehman, along with Merrill Lynch ([MER](https://archive.ph/o/qWHah/money.cnn.com/quote/quote.html?symb=MER&source=story_quote_link), [Fortune 500](https://archive.ph/o/qWHah/money.cnn.com/magazines/fortune/fortune500/2008/snapshots/2487.html?source=story_f500_link)) and other firms, pushed into higher-margin products, notably the packaging and trading of ever more exotic types of mortgage-backed securities. This allowed Lehman and others to keep profits humming. But the shift radically changed their businesses. +> +>. +> +>Wall Street became far more dependent on proprietary trading and far less reliant on clients. Before the collapse of Bear Stearns, it along with Lehman, Merrill, Morgan Stanley ([MS](https://archive.ph/o/qWHah/money.cnn.com/quote/quote.html?symb=MS&source=story_quote_link), [Fortune 500](https://archive.ph/o/qWHah/money.cnn.com/magazines/fortune/fortune500/2008/snapshots/3515.html?source=story_f500_link)) and Goldman Sachs ([GS](https://archive.ph/o/qWHah/money.cnn.com/quote/quote.html?symb=GS&source=story_quote_link), [Fortune 500](https://archive.ph/o/qWHah/money.cnn.com/magazines/fortune/fortune500/2008/snapshots/10777.html?source=story_f500_link)) derived over 60% of revenues from trading, most of it for their own accounts, versus around 40% in the late 1990s. +> +>. +> +>Wall Street firms evolved into giant hedge funds. Now they're suffering the same fate as a lot of over-leveraged hedgies. +> +>. +> +>**Big bets, short-term debts** +> +>Unlike Bank of America ([BAC](https://archive.ph/o/qWHah/money.cnn.com/quote/quote.html?symb=BAC&source=story_quote_link), [Fortune 500](https://archive.ph/o/qWHah/money.cnn.com/magazines/fortune/fortune500/2008/snapshots/2580.html?source=story_f500_link)) or JPMorgan Chase ([JPM](https://archive.ph/o/qWHah/money.cnn.com/quote/quote.html?symb=JPM&source=story_quote_link), [Fortune 500](https://archive.ph/o/qWHah/money.cnn.com/magazines/fortune/fortune500/2008/snapshots/2608.html?source=story_f500_link)), Lehman and the other independent investment banks don't have a stable base of retail deposits to use for buying securities. +> +>. +> +>Instead, they rely on short-term debt that needs to be constantly refinanced. That's fine as long as the mortgages and other securities they hold are stable or rising in value and thus easy to sell. But when real estate started to slump, Lehman and its brethren couldn't sell securities they owned except at a big loss. +> +>. +> +>In the case of Bear, creditors got so nervous about lending money for securities that couldn't be sold that they refused to roll over Bear's commercial paper. +> +>. +> +>Lehman did have access to a newly created Federal Reserve window for short-term financing. But that couldn't save the firm because the basic problem remains: When markets turn nervous, creditors will stop lending, forcing Wall Street to dump holdings at distressed prices. +> +>. +> +>Big commercial banks, on the other hand, can hold securities until markets rebound. That gives them a big edge and explains why their model will prevail. +> +>. +> +>**Exorbitant pay** +> +>The Wall Street playbook calls for taking home the highest pay possible when times are good and giving none of it back when times are tough. +> +>. +> +>Since the securities business is cyclical, it would make sense for firms to bank their bonuses forward so that if profits are plentiful one year but disappear the next, part of the compensation is returned to shareholders. +> +>. +> +>But that's not how the Street works. The pay practices at Lehman are highly instructive. When it came to granting stock to employees, Lehman was incredibly extravagant. +> +>. +> +>Before Lehman raised equity capital this year, grants of options and restricted stock left 30% of shares in employees' hands. To be sure, employees have lost billions in recent months. But they took out plenty over the years. +> +>. +> +>Fuld, for example, has cashed out almost $500 million worth of stock in his 14 years as CEO, according to Fortune's Allan Sloan; that's four times Lehman's stock market capitalization as of Monday morning. +> +>. +> +>In fiscal 2006 and 2007, Fuld earned a total of more than $80 million, an astounding sum for a company Lehman's size. Lehman's general counsel Thomas Russo made more than $12 million in each of those years. Top lawyers for much larger U.S. companies make a fraction of that amount. +> +>. +> +>Given all of this excess, there's no way this business model can last. The best bet is that Morgan Stanley will eventually be absorbed by a big bank that will reduce leverage, shrink pay scales, fund assets with deposits and impose strict risk controls. That's what JPMorgan CEO Jamie Dimon is doing with the old Bear Stearns and what Bank of America CEO Ken Lewis will no doubt do with Merrill. +> +>. +> +>Goldman, on the other hand, has the financial strength to move in the other direction and buy a bank. Even so, the Wall Street follies will soon end. They were great while they lasted - though mainly for the hired hands. + +&#x200B; + +🟣🟣🟣🟣🟣🟣🟣 + +🟣🟣🟣🟣 + +🟣 + +# SERIOUSLY- DRS YOUR SHARES UNTIL YOUR FINGERS BLEED: [https://www.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +🟣 + +🟣🟣🟣🟣 + +🟣🟣🟣🟣🟣🟣 +Hi all, + +My name is Moe Levin, and I'm the organizer of the [Miami Bitcoin Conference](http://www.btcmiami.com). + +You can see a lot of important and valuable comments about Josh Garza speaking at the conference [in this discussion](http://www.reddit.com/r/Bitcoin/comments/2r0twz/josh_garza_must_not_be_allowed_to_speak_at_the/) and [in this discussion](http://www.reddit.com/r/Bitcoin/comments/2qu77k/dear_bitcoin_if_you_dont_like_scams_stop_giving/). + +I have a responsibility to the community; not only due to the prominence and importance of this conference, but because our community made us. So, our philosophy is simple: we put our community first. That means responding to concerns and addressing them head-on. + +I have received many emails of concern about letting Josh Garza speak. I sympathize, and would like for him to address those concerns directly. So, I have decided to let him speak, but will add an extra 30 minute question and answer period afterwards, so the community has the chance to confront Josh and voice their concerns. + +It’s at this time, more than ever before, that the bitcoin community is needed to ensure a bright and profound future for the currency. + +During the conference’s short, but action packed two-day agenda, you will meet and hear from the biggest names in the industry and powerful newcomers like regulators and bankers. Be sure to take advantage of the unique opportunity to make new friends, grow your network and seek out synergies. + +And last, but not least, **make your voice heard**. + +All the very best in the new year, + +Moe + +First for some context, Social Capital was founded in 2011 by former Facebook executive Chamath Palihapitiya, whose net worth is *not* $1.2BN (it's many multiples of this according to Chamath). + +The venture fund invested in a range of companies over the years, perhaps most notably of which was their investment in Slack. + +In mid-2018, they closed to outside capital and became a technology holding company. + +According to Chamath, this decision was made in order to take a more long term approach and avoid the perils of the short term fee generation game that is prevalent in the venture capital industry. + +As always, Chamath provides some interesting insights in the [Letter](https://www.socialcapital.com/annual-letters/2019). + +**Part 1/5 - Modern Gilded Age:** + +First off, Chamath makes the argument that we are currently in the later stages of a modern Gilded Age. + +The Gilded Age was an era of rapid economic growth in the United States from the 1870s to around 1900. + +During this period there was rapid economic growth, wage growth, immigration and expansion of social programs. + +The major industry of growth was the railroads, and a class division started to emerge with the 1% owning more than 25% of all property and the bottom 50% owning less than 4%. + +Chamath argues that there are many similarities between the Gilded Age and today - both economic and societal. + +But what came of the Gilded Age? + +Well, the excesses and lopsided nature of the Gilded Age ushered in the Progressive Era, which was a period of widespread social activism and political reform across the United States that spanned the 1890s to the 1920s. + +As well as addressing the problems caused by industrialising, urbanisation, immigration and political corruption, the Progressive movement also sought regulation of monopolies (trust busting) and corporations through antitrust laws. + +Of course, Chamath is not the only high profile investor to highlight the [importance of looking to the past for lessons](https://www.youtube.com/watch?v=i5LqCAtNJJ4). + +Chamath highlights the rise of populism and the increasingly loud calls for change. + +Therefore, in this context, the last few years seem very much akin to the beginning of the end of our modern Gilded Age and the beginning of a new Progressive Era. + +**Part 2/5 - Tech Regulation:** + +The question is: which companies will be broken up and when? + +Drawing on the comparison with the Gilded Age, Chamath states that the only way to effectively reign in Big Tech is via trust busting. + +He expects Big Tech to be broken up within the next 5-10 years, with Facebook being first on the list. + +Chamath also highlights the importance of making sure that Big Tech doesn't find a way of helping write the regulations such that they can promote and cement their monopoly. + +Moreover, Chamath describes the value created by Big Tech as an increasingly decaying function, while the need for true progress is increasing. + +The combined R&D budgets of Big Tech total more than $600BN in the last decade. + +"Big Tech promised to change the world and eradicate its evils, but it's clear that it isn't happening as they seem more focused on protecting their monopolies than advancing humanity." + +For some context, the cost of the *entire* Apollo program was $25BN (or around $150BN in today's dollars). However, Big Tech spent $75BN on R&D in *2018 alone*. + +**Part 3/5 - The Market:** + +Chamath then gives his take on the market, stating that central banks have exhausted their ability to meaningfully manage inflation, in either direction, but that doesn't mean that stock prices won't continue to go higher via unnecessarily cutting rates and flooding markets with money. + +"Our simple framework is this: as money gets cheaper, the credit markets continue to expand because CEOs become motivated to artificially boost Earnings Per Share. They do this by buying back stock, seek bad acquisitions, make poor capital allocation decisions or avoid taxes. All enabled by borrowing massive amounts of essentially free money. It shouldn’t surprise you to know that these decisions also result in ever increasing CEO pay." + +Basically, Earnings Per Share is net profit/number of outstanding shares - so when companies buyback their own shares the number of outstanding shares decreases and therefore the denominator decreases and therefore Earnings Per Share increases. + +Now because many CEOs have bonuses that are tied to hitting a certain Earnings Per Share, this leads to an obvious incentive for corporations to buyback their own stock. + +It is little wonder that Corporations are the dominant source of equity demand. + +In the words of Charlie Munger: + +"Show me the incentive and I will show you the outcome." + +**Part 4/5 - VCs:** + +"VCs are increasingly motivated by the incentives of up-rounds, bigger funds and fee-based compensation. The flood of fast money has created a surfeit {pronounced surf-it} of these overnight practitioners with questionable sources of capital and even more questionable backgrounds." + +"Big Tech raised a total of $1.345BN in venture capital before going public of which $1.3BN was Facebook alone. This means that Apple, Amazon, Microsoft and Google raised less than $45MM *combined* before IPO. Even on an inflation adjusted basis, this is incredible and tells something very important about a raft of today's startups." + +**Part 5/5 - Performance:** + +It's safe to say 2019 was a pretty good year for Social Capital. + +The returns in 2019 lifted their inception to date performance by more than 350bps. + +Since inception in 2011, they have compounded their money 997%, beating the S&P 500 (with dividends reinvested) by more than 3 times. + +In 2019, they generated more than $1.7BN in cash and cash equivalents. + +Chamath states that liquidity will be increasingly important over the next few years. + +"Selling, when appropriate, and generating cash in a thoughtful way seems to be a prudent decision for the next several years." + +In 2019, they completed two transactions: + +The first was an investment of more than $500MM into Virgin Galactic, thus creating the first and only publicly traded commercial human spaceflight company. + +Chamath is tight lipped about the second company, but describes it as "an acquisition of a venture backed company that had raised almost $100MM of traditional VC money." + +In the Letter, Chamath compares the first 8 years of Social Capital to the first 8 years of Berkshire Hathaway. + +However, [even Chamath agreed that the Berkshire Hathaway comparison was slightly misleading](https://twitter.com/bornaVC/status/1237181119277088768) \- as the ratio of Berkshire Hathaway performance to the S&P 500 was around double the ratio of Social Capital to the S&P 500 over their respective periods. + +Nonetheless, still pretty good! + +[https://www.youtube.com/watch?v=PPJN68wt4pk](https://www.youtube.com/watch?v=PPJN68wt4pk) +I was recently accepted into a Top 10 Master's program for Engineering Management, the cost of the program will be about $65k total (online). However, I could get the same degree from an average university for around $15k. + +Obviously the top 10 school is better, but the cost is just so much. How does anyone make the cost worth it? Not everyone would get a full ride, lots of scholarship money, parents helping, etc. + +/edit + +This is getting a lot more attention that I thought, for reference: + +Age: 23 + +University in Question: Duke Master of Engineering Management (partially online) + +Masters Cost: $65,000 (company pays $5,250 each year) + +Current Salary: $88K + whatever bonus is given + +Field: Electrical Engineering and Software Development +As many of you probably know, TipRanks, Seeking Alpha and similar websites actively share the latest stock recommendations from more or less known analysts. The general impression upon reading them is that we are being given a rather professionally elaborated set of info. + +But how do the recommended stocks perform months later? + +Here I am analyzing the performance of stocks suggested in the articles published by TipRanks over the last year. I have chosen TipRanks because they have a very active mailing list with heaps of info. If I find some spare time, I might do the same type of check on other similar websites. + +So I have randomly selected a group of articles over the past year or so, and have checked the performance of each of recommended stocks. + +The last line under each article shows the performance of S&P 500 in the given time period (which spans between 4 to 9 months). + +Here we go: + +[https://www.tipranks.com/news/article/jpmorgan-2-stocks-for-stellar-long-term-gains/](https://www.tipranks.com/news/article/jpmorgan-2-stocks-for-stellar-long-term-gains/) + +4.1 months later, the performance of recommended stocks is: +CTMX: -36% +KALA: -62% +***S&P 500: +7%*** + +[https://www.tipranks.com/news/article/analysts-say-these-3-stocks-are-their-top-picks-for-2021-4/](https://www.tipranks.com/news/article/analysts-say-these-3-stocks-are-their-top-picks-for-2021-4/) + +4.3 months later, the performance of recommended stocks is: + +ASND: -5% +ALVR: -21% +WDC: -14% +***S&P 500: +8%*** + +[https://www.tipranks.com/news/article/2-strong-buy-biotech-stocks-with-major-catalysts-approaching/](https://www.tipranks.com/news/article/2-strong-buy-biotech-stocks-with-major-catalysts-approaching/) + +4.7 months later: +ARDX: -78% +HRTX: -30% +***S&P 500: +11%*** + +[https://www.tipranks.com/news/article/these-3-strong-buy-stocks-are-top-picks-for-2021-say-analysts/](https://www.tipranks.com/news/article/these-3-strong-buy-stocks-are-top-picks-for-2021-say-analysts/) + +7 months later: +TALO: -10% +TWLO: -22% +SIBN: -32% +***S&P 500: +15%*** + +[https://www.tipranks.com/news/article/3-strong-buy-stocks-insiders-are-snapping-up-2/](https://www.tipranks.com/news/article/3-strong-buy-stocks-insiders-are-snapping-up-2/) + +7.8 months later: +VST: -5% +GDYN: +85% +ARVN: +4% +***S&P 500: +19%*** + +[https://www.tipranks.com/news/article/billionaire-ray-dalio-picks-up-these-3-strong-buy-stocks/](https://www.tipranks.com/news/article/billionaire-ray-dalio-picks-up-these-3-strong-buy-stocks/) + +8.3 months later: +BAX: -5% +CVS: +19% +DAR: +31% +***S&P 500: +22%*** + +[https://www.tipranks.com/news/article/3-monster-growth-stocks-that-still-have-room-to-run-2/](https://www.tipranks.com/news/article/3-monster-growth-stocks-that-still-have-room-to-run-2/) + +8.8 months later: +BAND: -27 % +W: +15% +SDGR: -17% +***S&P 500: +22%*** + +The results of the above analysis look quite miserable: + +* Only 2 of stocks recommended in the articles have outperformed the market. +* Only 5 out of 19 suggested stocks have realized a gain to date, the rest of them are at loss. +* 11 out of 19 suggested stocks have lost more than 10% of the initial value. +* 8 out of 19 suggested stocks have lost more than 20% of the initial value. + +This leaves me quite puzzled about the usefulness of freely-available info from stock analysts. + +But I would like to hear your opinion as well - did you find their tips useful and follow their suggestions, and did you realize gains by doing so? + +Cheers +Hello folks, + +I've recently come across the article ["Use a 529 Plan as a Bonus Retirement Account"](https://mutualfunds.com/retirement-channel/use-529-plan-as-a-bonus-retirement-account/). At this point of my life, I have followed the /r/personalfinance [prime directive](https://old.reddit.com/r/personalfinance/wiki/commontopics) through to the very bottom, except for considering a 529 plan. + +I have a two year old and am weighing whether it's worth it to save "extra" money in a taxable account or in a 529, given that it is not known whether my child will wish to attend college. + +The article suggests that this might be a good idea. However, I am not in a state with tax deductions for 529 plans. + +What are everyone's thoughts on this? +i’m 17 years old, and recently just bought a 2021 Corolla LE with about 16K miles, for $24,000 dollars. I put 2,000 down and had a 6.9% APR. My monthly car payment comes to about $450 (I make 1300 a month). I had the car for one day and i’m already unsure if i made a good decision. on one hand it’s a known reliable car that will last be a lifetime, on the other hand it’s a asset that I will have to pay off for the next 60 months. + +I bought the car with enterprise and they have this 7 day buy back plan, i’m considering taking this route and just buying a mid 2000s car that i will pay off in a year. is this a good option, or should i stay with the corolla? + +EDIT: car is under my dads name, I’m just the one paying. also insurance is taking care of by my parents. + + +EDIT 2: some more things to add. I am grateful enough to have no financial liabilities besides the car payment. i have a very secure job and can work as money hours as I like. parents are willing to match payments if I keep doing well in school. while the loan is for 60 months I will pay extra to shorten it out. +Getting a little puzzled as to what people are referring to when it sounds like the same thing. If you spend a large amount of time developing a strategy and proving your strategy works then isn't that an edge? Just curious. + +Thanks + +**COIN - Percent from ATH (Sorted by Market Cap)** + +1. **BTC** \- 32% +2. **ETH** \- 19% +3. **BNB** \- 22% +4. **SOL** \- 30% +5. **ADA** \- 59% +6. **XRP** \- 75% +7. **DOT** \- 54% +8. **MATIC** \- 16% +9. **LINK** \- 62% +10. **ALGO** \- 61% +11. **XLM** \- 69% +12. **ATOM** \- 51% +13. **VET** \- 70% +14. **SAND** \- 37% +15. **ICP** \- 97% (RIP to those who bought at the top) +16. **FTM** \- 57% +17. **XTZ** \- 53% +18. **CAKE** \- 71% +19. **LRC** \- 44% +19. **ONE** \- 45% + +Of course this is not financial advice and some coins may never reach their ATH again. Low cap coins usually suffer the most in a bear market. + Imagine you have $150K sitting in the bank not collecting any income. How would you use this money for the next 5-8 years to generate more income? I'd love to hear about your investment ideas.. It doesn't have to be investing in the stock market, it could be real estate or anything else. Thank you! +Hello + +Looking for advice on what you would do in my situation. I recently was approached by a large tech organization to interview for a role they had open. I went through the entire interview process and was successful in getting the job. The recruiter has contacted my with the salary package which is quite an increase compared to what I am currently on. However, this offer is only a 12-month contract, doesn't include annual leave or sick leave. + +I currently work for a competing large tech organization and whilst I am happy in my current role and happy with the projects I am working on, I have the security of a stable and consistent job with a salary, annual leave, sick leave etc. + +I thought about going to my current manager and let them know about the offer and see if they will counter, but I don't want to burn any bridges or leave a bad taste. I also need to be careful because this job offer is only a 12-month contract and I worry the new company won't extend me or be able to place me in another position? + +I am wondering on what you would do in my situation? + +EDIT: Thank you everyone who took the time to give their perspective and advice on my situation! After considering my options, I've decided to stay at my current employment and work harder this year to take on more responsibility, and put myself out there more to show my potential. +Thought this "Paul's Verdict" was interesting. This is where a reader writes in a question and they answer it. + +Seems like fair insights, very stable job, reasonable concerns about interest rates and inflation, decent level of equity. I am a bit surprised at the "13k emergency is a decent bugger" call. + +That seems small. + +I wouldve though suggesting scaling back the super contributions may have been worthwhile advice. + +What do you think? +Over on PropertyChat \- holy shit [https://www.propertychat.com.au/community/threads/timing\-of\-gladstone\-sale\-htw\-says\-market\-picking\-up\-performance\-data\-say\-no\-foreseeable\-growth.31964/](https://www.propertychat.com.au/community/threads/timing-of-gladstone-sale-htw-says-market-picking-up-performance-data-say-no-foreseeable-growth.31964/) + +Going to post their text in case it's deleted: + +> Hi all! +As you may have read in another thread \- I'm just about to list **one of** my poison Gladstone properties for sale. I paid $600k for this at the peak in 2012, expecting around $330\-340k. +The general consensus on the PC forum is to sell and move on (opportunity cost, mental health benefit \+ no foreseeable growth prospects), although I just read HTW just came out with their new report, saying that the market has just started to pick up (although their predictions are 'gut feel'). +The market has been described as 'patchy'. +Vacancy on SQM has just dropped down from 4.x to 3.4&#37;, which is amazing. First time I've seen a 3.x in over 5 years! (it was at 12&#37; once!). +Would it be worth waiting 12 months before selling or just sell and moving on and up? + +> +>**They are costing me $20k per year in negative cash flow** \- so they'd need to grow by say double that within 12 months. + + +This is their other post where they detail their other disastrous Gladstone property: [https://www.propertychat.com.au/community/threads/my\-investment\-journey\-a\-reset\-and\-re\-drawing\-of\-my\-plan\-at\-age\-40.29972/](https://www.propertychat.com.au/community/threads/my-investment-journey-a-reset-and-re-drawing-of-my-plan-at-age-40.29972/) + +> Step 2 (mid/late 2018) – Depending on the sale of Gladstone property 1, sell Gladstone property 2 (the weaker one). Bought for $530k (2012) , should sell for $270k. Cash flow improvement of $20k again, left with a \-$200k loan. + +Massive loss across two properties. + +This is just the tip of the iceberg for Australia. So many speculators out there holding shit like this hoping it'll go up, hoping they'll get their cash back. + +A $600K property at peak now worth $330K isn't going to increase back to $600K anytime soon... or ever. +Video is back online, lost due to mobile editing + +(Updated, he dumped his entire personal stake, his social capital still holds some shares) + +Apes, and Redditbros, + +I'm sorry that I've to make new posts to prove my point, unfortunately, every time I raise a warning regarding Chamath or GME, I got downvote a ton that I can no longer make any comments with a NEGATIVE comment Karma. If there are still good people left on Reddit, please advise me how to get out of the negative comment status. I won't be able to reply in a comment when those mods and bots attack me again and tag this as fake news. + +This is not spreading misinformation. Chamath did sell out his entire position at SPCE! + +Here are the links to prove it + +SEC filings: [https://www.sec.gov/Archives/edgar/data/1706946/000170694621000028/xslF345X03/wf-form4\_161491010360014.xml](https://www.sec.gov/Archives/edgar/data/1706946/000170694621000028/xslF345X03/wf-form4_161491010360014.xml) + +Bloomberg report: [https://www.bloomberg.com/news/articles/2021-03-05/virgin-galactic-chairman-sells-personal-stake-for-213-million](https://www.bloomberg.com/news/articles/2021-03-05/virgin-galactic-chairman-sells-personal-stake-for-213-million) + +Here is what he said last month when he sold another round before selling all of them + +“If I could really just go for it, I wouldn’t sell a share of anything I buy because I believe in it,” he said on Feb. 8 in an interview on Bloomberg Television’s “Front Row.” “But every now and then, I run into liquidity constraints, like everybody else.” + +He SAID he BELIEVE IN IT! he is a clown and hypocrite. Use your judgment. It's hard to believe what I'm saying here is fake news and an act to spread misinformation + +&#x200B; + +[SEC Screenshot](https://preview.redd.it/owqzp9ed2nl61.png?width=1362&format=png&auto=webp&s=0771b8401f61611a3cdf406424326f08d55cc3c2) + +[The Chamath doesn't care look](https://reddit.com/link/lzv0fu/video/kpfkw4i45ul61/player) +The reason for the rise was because trump surprised everybody saying the US may go back to business as usual in the next week or two. The stimulus package was already priced in. What wasn’t priced in was a much shorter time for the US to be under lockdown. The thing is though the governors will make the decisions in their states and I highly down New York, California etc will go against the advice of doctors and listen to trump because he wants the economy to recover at the price of following medical advice let alone the rest of the world. +Hi fatFire, + +&#x200B; + +I got lucky with an investment in a startup I bought for 50k$ a couple of years ago. It's now worth around 1M, so it's a significant portion of my net worth. The founders themselves have 90%+ of their net worth in the startup, and do not seem to care, because they REALLY BELIEVE in their company and growth doesn't seem to slow. I'm not involved at all, so I have less love/belief in the company, and I'm debating selling some of my stock. It's fairly easy to find buyers, but they do come one at a time, so the price is just pulled out of thin air basically. + +&#x200B; + +Any advice? What percentage should I sell (or not sell at all and wait for the exit with the founders themselves)? + +&#x200B; + +Thanks, + +&#x200B; + +Ash + + + +*EDIT: Thanks for all the insights, replies and questions. Much appreciated. I've decided to hold on to the shares for now. I was actually surprised there were quite a few suggestions to do so (since I assumed the FIRE crowd to be somewhat conservative).* +Products are shrinking, gas and groceries bills are increasing every day. People don’t think it’s a big deal but we all of sudden all got a pay cut... like you are making 60k well not anymore your are only making 56k now. But the prices are now more. Let’s say you spend $500 a month on groceries but now to buy the same amount you’d be spending $527. And that goes everywhere. I feel like people are not seeing it and I am the only one really stressing about it. Like we did get that stimulus money but now we are much poorer for it for a longer term and business just increase prices even those most of stimulus money went to them. +33 year old with 4 rental properties that generate $5500 a month ($3200 profit) and I have about $50k I could use to start a dividend portfolio. Essentially, when I am between purchasing/paying off rental properties I want to invest my rental income into a dividend portfolio and build a different stream of income. + +I don't plan on reinvesting the payouts since I can use them to pay off mortgages and I have a Line of credit with a bank so I can purchase a property with 100% finance and won't need a down payment/rehab costs. + +So far it sounds like a good plan is to have around 5-10 different stocks in my portfolio. $O, $T, and $VYM are the ones I see the most. + +Anything else I should be focusing on? Or should I just go based on the top 10 on the aristocrat list? +&#x200B; + +$PBR: Earn 30pct dividend on Brazil's Premier Oil,Gas and Refining company ( and it is situated far away from Russia !!) + +&#x200B; + +https://preview.redd.it/81kfkvj9euz81.png?width=1224&format=png&auto=webp&s=04ef1f4b6a49426b6220097e99580fe16f78f800 +**EDIT AFTER THE Q1 EARNINGS ANNOUNCEMENT:** I am sorry to report, Apes, that we missed criteria (6) below. It was a good fight, but the additional buying pressure by Apes couldn't quite make up for the fact that Q1 always tends to be the most sluggish quarter for retailers. But, we march on and creeping that profitability up - let's see how the Q2 results go in three months! + + +**TLDR:** The S&P 500 quarterly rebalancing announcement is next Friday 18th June. After the Shareholder Meeting tomorrow, and with it the 2021 Q1 earnings results, we will know if GME meets the eligibility criteria for inclusion. All signs point to the criteria being met, at which point up to the S&P selection committee to decide if GME will be added. This appears to be a very distinct possibility, and if so GME will enter the index at around the 350 mark in the list by market capitalization. + +Consequently, asset management firms that manage ETFs tied to the S&P 500 will have no choice but to rapidly and mandatorily add GME shares to their index tracking funds. Hence a large volume of GME shares could be forced bought in the open market, possibly leading to a squeeze in the share price (similar to Tesla's +70% run-up last year, in the five weeks after their S&P 500 inclusion was announced). + +Such a run-up in the share price has the potential to reach the margin call price for some of the short hedge funds, so this could become a catalyst for the MOASS itself. The best part is: there is nothing Shitadel and friends can do about it, as the buying pressure will be coming from their competitors - who are forced *by their business models* to buy more of the stock. + + +**Not financial advice. Please do your own DD, if interested in these topics. I have included many links below to possibly assist in your self-education, gathered in the course of my own research.** + + +**WHAT IS THIS DD ABOUT?** + +Apes, this is a follow-up to my post yesterday regarding the probable shift of GME within the Russell Indexes, from its current Russell 2000 small-cap index status to the Russell 1000 large- and mid-cap index instead: + +https://www.reddit.com/r/Superstonk/comments/nu91kx/russell_1000_many_poorly_researched_or_purely/h0wbdrk?utm_source=share&utm_medium=web2x&context=3 + +As the conclusion to this DD, I stated that the Russell reconstitution is likely to have a neutral effect on GME share price. However, I added that the index rebalancing that could have a much greater impact is the following (copy-and-pasted from yesterday's post): + + +**THE INDEX THAT REALLY DOES MATTER: S&P 500** + +*The Russell Indexes are actually more important for micro- and small-cap, than for mid-cap and larger firms such as what GME has now become. The reason being that the S&P Indexes dominate in the larger cap area, whereas the Russell Indexes are more for the smaller cap arena. Hence the larger a firm grows, the more important the S&P Indexes become. As such, asset management firms tend to use the S&P Indexes - and especially the S&P 500 - for constructing their large cap Index ETFs. There are 14 S&P 500 tied ETFs available and their combined AUMs are enormous, close to $900 billion i.e. about 30x bigger than the two Russell 1000 ETFs. Depending on GME's market capitalisation at the time, it could mean a huge number of shares being mandatorily having to be bought in the open market, so that these ETFs are correctly matching the S&P 500 Index including GME. Incidentally, criteria for entry to the S&P 500 index are as follows:* + +*(1) Market capitalization must be greater than or equal to US$11.8 billion* + +*(2) Annual dollar value traded to float-adjusted market capitalization is greater than 1.0* + +*(3) Minimum monthly trading volume of 250,000 shares in each of the six months leading up to the evaluation date* + +*(4) Must be publicly listed on either the New York Stock Exchange (including NYSE Arca or NYSE American) or NASDAQ (NASDAQ Global Select Market, NASDAQ Select Market or the NASDAQ Capital Market).* + +*(5) The company should be from the U.S.* + +*(6) The sum of the most recent four consecutive quarters’ Generally Accepted Accounting Principles (GAAP) earnings (net income excluding discontinued operations) should be positive as should the most recent quarter* + +*Assuming GME maintains a share above 167, criteria (1) on the above list is fulfilled, meaning it would only need to achieve criteria (6) to meet all six requirements. **I think it is likely GME will achieve this by Q3 earnings**, so inclusion within the S&P 500 is very possible after that. If that happens, then each of those S&P 500 tracking ETFs is required to go out and buy the shares in the open market. This is certain to create demand and upward movement to the share price, similar to Tesla's run after it was announced they would be entering the S&P 500 about six months ago. (As a point of comparison Tesla’s share price increased by more than 70%, from when S&P announced the inclusion to the rebalancing deadline date five weeks later. This was mainly fueled by the asset managers of these 14 ETFs having to buy the stock in the open market.)* + + +**WHY I AM POSTING ANOTHER DD** + +Thanks to some follow-up comments by u/EtoshOE, u/yUnG_wiTe and u/hikurashi83 about the S&P 500 eligibility criteria section of the previous DD, I decided to do some additional research into the matter. In particular, my appreciation to u/hikurashi83 who made the following comment regarding criteria (6) and my *erroneous* assertion of when this is likely to be achieved: + +*(6) The **sum** of the most recent four consecutive quarters’ Generally Accepted Accounting Principles (GAAP) earnings (net income excluding discontinued operations) should be positive as should the most recent quarter* + +u/Region-Formal:  *I think it is likely GME will achieve this by Q3 earnings* + +u/hikurashi83:  *Calculating the last three earnings: (-1.4) + (-0.53) + (1.34) = -0.59* +*Wouldn't this mean that the next earning (this Wednesday) will only need to be +0.59 for criteria (6) to be fulfilled? I'm quite confident the upcoming Q1 EPS will be atleast 1.00 with all the media attention on GME recently.* + +Let's see if u/hikurashi83 is correct about criteria (6) and also whether GME would meet the other five criteria as well... + + +**UPDATED CHECKLIST OF S&P 500 ELIGIBILITY CRITERIA** + +S&P Dow Jones Indices, the company behind this basket of indexes, updates their eligibility criteria on a fairly regular basis. They seem to have updated it once again within the last week, and the new criteria can be found on pages 6-8 of the latest "Methodology" report which I have summarised below. Link: https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-us-indices.pdf + +(1) Market capitalization must be greater than or equal to **US$13.1 billion** --> *This has increased from the previous threshold of US$11.8 billion* + +(2) Annual dollar value traded to float-adjusted market capitalization is greater than 1.0 + +(3) Minimum monthly trading volume of 250,000 shares in each of the six months leading up to the evaluation date + +(4) Must be publicly listed on either the New York Stock Exchange (including NYSE Arca or NYSE American) or NASDAQ (NASDAQ Global Select Market, NASDAQ Select Market or the NASDAQ Capital Market). + +(5) The company should be from the U.S. + +(6) The sum of the most recent four consecutive quarters’ Generally Accepted Accounting Principles (GAAP) earnings (net income excluding discontinued operations) should be positive as should the most recent quarter + + +Let's look at whether GME meets each of these requirements: + +(1) Market capitalization must be greater than or equal to US$13.1 billion +*Criteria Met?*  **YES!**  Market capitalization is currently $19.81 billion (Link: https://finance.yahoo.com/quote/GME?p=GME) + +(2) Annual dollar value traded to float-adjusted market capitalization is greater than 1.0 +*Criteria Met?*  **YES!**  Even over just the last few weeks, the value traded comfortably exceeds $19.81 (Link: https://finance.yahoo.com/quote/GME/history/) + +(3) Minimum monthly trading volume of 250,000 shares in each of the six months leading up to the evaluation date +*Criteria Met?*  **YES!**  GME's traded volume has been higher than this *in the first hour* of every trading day in the last six months (Link: https://finance.yahoo.com/quote/GME/history/) + +(4) Must be publicly listed on either the New York Stock Exchange (including NYSE Arca or NYSE American) or NASDAQ (NASDAQ Global Select Market, NASDAQ Select Market or the NASDAQ Capital Market). +*Criteria Met?*  **YES!**  Listed on the New York Stock Exchange (Link: https://finance.yahoo.com/quote/GME?p=GME) + +(5) The company should be from the U.S. +*Criteria Met?*  **YES!**  Corporate headquarters are located in Grapevine, Texas (Link: https://www.corporate-office-headquarters.com/gamestop-corp) + +(6) The sum of the most recent four consecutive quarters’ Generally Accepted Accounting Principles (GAAP) earnings (net income excluding discontinued operations) should be positive as should the most recent quarter +*Criteria Met?*  This is the most critical criteria, which we are not sure will be met just yet... Let's take a look at GME's Quarterly Income Statements, which are available here: + +https://news.gamestop.com/financial-information/fundamentals/income-statement?156992e2-9280-4b8f-9b3c-ae6891fc87e2%5Btimeframe_display%5D=quarter&url= + +According to these, the Normalized Income (i.e. net income excluding discontinued operations) is as follows: + +Quarter Ending Jan 2021 = US$80.50 million --> US$1.34 EPS + +Quarter Ending Oct 2020 = US$-18.80 million --> US$-0.50 EPS + +Quarter Ending Aug 2020 = US$-117.76 million --> US$-1.81 EPS + +The combined Normalized Income over these three quarters is of US$-56.56 million, or US$-0.97 EPS. **I am not an accounting expert, so if there is any Ape more knowledgeable in this field then please let us know!** But according to the above calculations, if the Normalzed Income that is reported tomorrow exceeds US$56.56 million, then **YES!** - I believe criteria (6) will indeed be met! + + +**AWESOME! WEN S&P?** + +Whoa there! Hold yer horses! I wish life were so simple, but you should know by now hodling GME: it very rarely is... Unlike the Russell reconstitution, which is carried out through fixed calculations only, the S&P 500 constituents and rebalancing are ultimately decided by a committee within S&P Dow Jones Indices. Historically they have not been ones for knee-jerk reactions, and prefer to keep the constituent list fairly stable, particularly in volatile times. For example, last year over 100 companies suddenly fell below the market capitalization criteria as a result of the pandemic, but the committee decided not to drop them from the list in order to maintain the stability of the index. Most of these companies bounced back quickly through the course of 2020, and their market capitalizations recovered above the threshold, so I guess the committe's decision was vindicated. + +At the same time, unless there are some exceptional reasons, companies fulfilling the six eligible criteria are given very serious consideration for inclusion. As you can see from the list of additions and deletions, they do approve fairly steady changes to the constituents. And in my opinion GME has better fundamentals than many firms already in the list, including some of those added recently: https://en.wikipedia.org/wiki/List_of_S%26P_500_companies#Selected_changes_to_the_list_of_S&P_500_components + +One famous example of a company that met the eligibility criteria in the middle of last year, but had to wait for a couple of rebalancing rounds before eventual inclusion was Tesla. Although the S&P selection committee did not provide a reason for their initial exclusion of Tesla, speculation is that this was due to something quite unique to how Tesla qualified for criteria (6). As pointed out in this article (Link: https://www.gurufocus.com/news/1229880/this-could-be-why-tesla-was-excluded-from-the-sp-500), the probable reason was because Tesla were only profitable due to the selling of Regulatory Credits. These are subsidies that auto makers receive from state governmments for production of electric vehicles. As the article states: *"Since Tesla produces nothing but EVs, the company racks up way more credits than it needs to meet the minimum regulatory requirements, so it turns around and sells the excess credits to other automakers so that they can avoid penalties."* + +Hence the speculation is that the S&P committee decided not to immediately include Tesla in the constitutents, because they were worried about the long-term viability of their income streams. It was only later in the year, last November, that the committee felt sufficiently confident that Tesla were generating income through selling their core products - cars - and thus decided to add them to the S&P 500 list. If all this is correct, then it was a unique issue specific to the EV automotive industry, and one that would not be relevant to GME. + +Yes, GME's share price has been volatile over the last year, and no doubt the potential for a Short Squeeze further heightens that. Volatility is probably another key thing the committee looks at, but I would conjecture that the company's fundamentals over the last six months have been strong and getting stronger. Furthermore, the committees would have been worried at the sheer size of Tesla, and therefore its weighting within the index - something that would not be quite of concern for GME. + +Hence in my opinion, there is a chance - *perhaps even a good chance* - that the committee will choose to include GME in the next rebalancing. We will not have to wait long to find out if this happens, in fact: the critical date of this next S&P constituents rebalancing announcement is Friday 18th June! (Link: http://www.nasdaqtrader.com/content/technicalsupport/tradingcalendar.pdf) + + +**WHAT COULD BE THE IMPACT OF INCLUSION IN THE S&P 500** + +As I stated in the previous DD, this could be big. I mean, really BIG! There are 14 ETFs which are directly tied to the S&P 500, but also dozens of others that are derivatives of it, managed by the largest asset management firms in the world. The entire business model of these ETFs is to replicate the base S&P 500 index as closely as possible, using either a market capitalization based weighting model or (less commonly) an equal weighting model. You can find the very long list of ETFs - worth more than $5 *trillion* combined in Assets Under Management, if including all the derivative funds - that are tied to the S&P 500 here: https://etfdb.com/indexes/equity/ + +As for how many shares all these ETFs may require for correctly reflecting an index that has GME added, let's take a look at Cincinatti Financial (ticker: CINF). I have chosen this company because they are the current S&P 500 consitutent which has the closest market capitalzation ($19.77 billion) to that of GME ($19.81 billion). Note that they are currently the 356th largest company by market capitalization in the index. I calculated (using https://www.etf.com/stock/CINF) that there are 31 ETFs holding CINF stock, worth a total of over $886 million. If GME is added to the S&P 500, and the weighting allocated is similar to that of CINF, it could potentially mean shares to a similar value of $886 million are necessary to be bought, in order to correctly reflect the index. **At this time of writing the share price is $280.01, so this equates to 3.16 million shares of GME that must fill S&P 500 tracking ETFs within five weeks of June 18th.** + +One thing to note is that not all 3.16 million shares (or however many there may be) will have to be bought in the open market. GME is currently held in 80 ETFs (https://www.etf.com/stock/GME) but many of these are small-cap category ETFs of Blackrock, Vanguard and State Street. I guess these firms will shift some of these shares from their small-cap funds, where they currently are held, to their S&P 500 tracking ETFs instead i.e. 'internal' transfers only, so these shares will not see the light of day. However, I think there will still be a very significant deficit that needs to be made up (1 million shares? 2 million shares? even more if the share price drops between now and the 18th?) and also a number of S&P 500 ETFs of other asset managers that currently do not hold GME at all. They would be forced to buy these addtional necessary shares in the open market, and given how tightly held GME shares are right now...those five weeks will almost certainly lead to upward pressure on the stock price. + +Repeating what I wrote in the previous post, Tesla's stock price increased by 70% in the five weeks from the rebalancing announcement up to the deadline for inclusion in the S&P 500 tracking ETFs. This included a spike in the last week prior to the 21st December 2020 deadline, as desperate fund managers chased reluctant sellers with ever increasing price offers to buy the last few required shares. Dare I say GME holders, including hundreds of thousands of Apes, will probably not let go of their GME shares quite as easily as those Tesla holders did. Sounds like an S&P 500 inclusion fuelled squeeze is therefore very possible, if all this plays out as described above! + +Hence my assertion that inclusion in the S&P 500 could become a catalyst for the MOASS itself...and there is nothing short hedge funds such as Shitadel can do to stop it. This buying pressure will mainly come from their giant ETF managing competitors such as the "Big Three" buy side institutions: Blackrock, Vanguard and State Street. These are firms that already have strong incentives to wipe out the likes of Shitadel anyway, and have perhaps been waiting for a legitimate chance to do so that does not cause them any issues with the regulators. If the MOASS has not already happened by then, GME being added to the S&P 500 could be just the opportunity they have been waiting for... + +**Additional note on how index rebalancing could lead to recalls of shares lent out to short sellers:** There were many comments and questions about this, after the post yesterday. As I stated when responding to one of these comments, I am not an expert in this particular area, and thus invite more learned Apes on this topic to contribute. There is speculation that one other reason for Tesla's run up, after their inclusion was announced, was because of shorted shares being recalled. Maybe, maybe not... Personally, I can see this could be the case if a company *drops out* of an index, and thus the fund managers wanting the shares back in order to sell them out of their ETFs. Not quite sure there is compelling logic dictating a similar dynamic, when a stock is *added* to an index. But again, I bow to the feedback of those more knowledgeable in this particular area. +BigBallsFinance had an amazing fair launch on its Testicular Cancer charity token “BigBalls” 5 days ago! Sadly it got brutally interrupted by the Bitcoin/Crypto market crash 🥺 Since then we have taken the time to let the markets correct while we strategize our game plan! Our base community is holding strong and the memes are spicier than ever! We aren’t giving up that easy... We’ve warned other communities of BigBalls clones (SafeBalls calling you out) made by disgruntled investors for the sole purpose of rugging, we look out for everyone and don’t want to see our frens losing money! Don’t fall for the Balls clones!!! There can be only one! We’ve been discussing a few of our first charity targets and are ready to ramp up our marketing tactics and do some contests/giveaways! We believe strongly in the cause we are fighting for and are 100% dedicated to achieving nothing short of a MOON MISSION! 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Why?? Because it ends this week and I have some suspicions that there may be some tie ins here that we are completely missing. What's one more daily update? We have RRP guy and other daily updates so my plead out there is we get an ape on the visual update of the diamond thing Stat. + +GameStop/RC is intentional with everything they do right now. They are living and breathing gamestop every minute of the day. There is action here and I want to Jack my tits even more.. Okay...you ready? Go get that screen shot. +I’ve always known I’ve not really done much but I’ve just realised this year that I’m still such a child. + +I’m currently a 24 year old student studying a masters degree. +My bank balance is currently £-1100 (student overdraft limit of £2000). That £900 is my rent until my next student loan. I get £30 a week from my 4 hour a week part time job. I have no savings. Can’t drive. No credit card, nothing. + +I’m so shit at being an adult. I don’t know how to get out this mess. I feel like getting a part time job with more hours is clearly step 1 but I’ll be leaving this city soon (3 months). I also want to start applying for jobs in my career around now so that’s another obstacle. + +The bank is gunna start charging me for this overdraft that I’ve now had for 3.5 years around September time. + +Does anyone have any guidance as to the steps I could take to get myself back on track? What’s step 1 from here? Thank you for any advice. +I find it incredibly ironic that I was happier as a broke college student with a bunch of broke close friends than I am as a FIRE'd 34year old with literally no close friends. Somewhere along the way, the journey to FIRE left me very alone. I feel like I lost the ability to identify with people anymore. +https://www.bbc.co.uk/news/amp/technology-56402378 + +Moral of the story - if it seems too good to be true, it probably is! + +What other similar experiences have you witnessed/been a part of? +So, my partner's father has very graciously offered to gift us £25k as a house deposit. I'm beyond chuffed, obviously. We started our LISAs a while ago and have put aside about a grand. Here's what I already know: + +* We want to shove the £25k into our LISAs until they hit the 1 year mark (March 2022) to allow it to accrue some bonus and ensure the £1k we saved ourselves doesn't get wasted. Also, we're both due payrises and bonuses before then, which can also be funneled in. + +* From looking at the local housing market over the last few weeks, it looks like our ideal minimal house is likely going to cost about £180-190k. + +* I realise we're going to need to engage a mortgage broker, probably in the early parts of the new year, who can give us a realistic idea of what kind of mortgages we can get. + +Here's the parts I have no idea about: + +* Aside from the deposit, how much "other" cash do we roughly need? I know we'll need a variety of one-off payments, plus anything we need for/done to the house... But I have no idea how much, even roughly, all of it will be. How much is a realistic sum for just the mandatory fees and inspections? £1000? £1500? + +* I have some severe doubts about affordability. Our combined income is only about £48k. I know that annual x3 is the broad rule, but this puts us several tens of thousands below our needed amount... I appreciate only a broker can give us a final answer, but how likely are we to fall short of our needed LTV? + +* My credit rating is poor, and my partner's isn't particularly stellar either. My issues come from severe debt problems in my 20s (the debts are significantly less than they were, and being paid off at good speed, but won't be gone for a year or two yet), while my partner has just mostly never used credit. I know mortgages, as secured loans, aren't as severely impacted by credit rating as some things... But is my credit rating likely to be an issue here? +This is NOT DD but more so my speculation from scouring the internet and what I have discovered. **Interpret it as you'd like.** (This is also my first Reddit post, so please don't be too harsh) + +For those that have performed DD, you know CEO Ted Murphy has been counting down to Friday, with the first mysterious message this past Sunday. These cryptic posts can be found on IZEA's Twitter and Instagram. Each message has had lyrics to Harry Belafonte's calypso song, *Jump in the Line (Shake, Senora)*. + +([Twitter](https://twitter.com/izea) \---- AND ------ [Instagram](https://www.instagram.com/izea/)) + +Additionally, with each message there has been a PR directly from IZEA or some sort of news: + +(Sunday: [Zacks upgraded IZEA from Hold to STRONG-BUY](https://zolmax.com/investing/izea-worldwide-nasdaqizea-upgraded-to-strong-buy-at-zacks-investment-research/4246644.html)) + +Monday: PR from IZEA [Announces NEW Fortune 500 Customer](http://www.globenewswire.com/news-release/2020/06/08/2045140/0/en/IZEA-Announces-New-Fortune-500-Customer.html) + +Tuesday: PR from IZEA [Announces New Contracts with TWO Fortune 500 Retailers](http://www.globenewswire.com/news-release/2020/06/09/2045887/0/en/IZEA-Awarded-New-Contracts-by-Two-Fortune-500-Retailers.html) + +SO what is IZEA announcing Friday? Maybe revealing the *NEW* Fortune 500 customer. Maybe revealing the two Retailers that renewed contracts with IZEA, one of them a **Fortune 10** customer. + +[Current FORTUNE 10](https://preview.redd.it/83vzg0hu2z351.png?width=639&format=png&auto=webp&s=3d5904999c04eb786904c21c5a6e3626e79288c1) + +On IZEA's [Customers landing page](https://izea.com/managed-services/our-customers/), Wal-Mart is (technically) the only current Fortune 10 company that previously has had a contract with IZEA. + +https://preview.redd.it/pn2v0ffy2z351.png?width=995&format=png&auto=webp&s=471d7a737bf9826697169060a5e62a1baa2473ec + +However, we know that [Twitch and IZEA are already in bed together](https://izea.com/influencer-marketing/twitch/). And who owns Twitch? Yep, you guessed it...AMAZON. Could Amazon indirectly be the Fortune 10 customer because they own Twitch? Maybe. But Twitch is not on the above Customer's page which was surprising to me. + +This brings me to the Jump in Line lyrics that have been used as captions on each of the Social Media posts so far. The song has had appearances in: + +1. [The Little Mermaid](https://youtu.be/5p6DUZUFC7E) +2. [Beetlejuice](https://youtu.be/QooqZkNk8Bw) +3. Even [Pitbull and T-Pain made their own version](https://www.youtube.com/watch?v=AmuKdoe8MvI) (screenshot of lyrics below so you don't have to listen to the song....) +4. Steve Wozniak + +&#x200B; + +[Shake Senora lyrics](https://preview.redd.it/xqspo4956z351.png?width=379&format=png&auto=webp&s=ef15c6818331ec2f9202fd9113c19884e95cef71) + +&#x200B; + +**The Little Mermaid**: Disney is currently ranked 53rd in the Fortune 500. That eliminates them from being the Fortune 10 customer. Have they had a previous contract with IZEA? I couldn't find anything publicly but did confirm [the CEO has consulted with Disney before](https://izea.com/company/leadership/ted-murphy/). + +* [IZEA HQ is in Orlando, a short drive from Disney World](https://izea.com/contact-us/orlando/) (Keep in mind that Walt Disney Co. is technically HQed in Burbank, CA) +* A Live-action remake of the Little Mermaid, originally announced back in 2016, was originally scheduled to begin production in April 2020. Then COVID happened. [Filming is now expected to begin as early as JULY 2020](https://en.wikipedia.org/wiki/The_Little_Mermaid_(franchise)#Live-action_remake) +* [They have finished recording all the music for the film](https://thedisinsider.com/2020/04/17/first-look-at-prince-erics-castle-for-the-live-action-the-little-mermaid/) + +**Beetlejuice** + +* Distributed by Warner Bros. A sequel has been shelved as of April 2019. +* One of the most memorable appearances of this song was in Beetlejuice during the climax of the movie. +* Warner Music Group ($WMG) - On June 3, WMG officially had its second IPO on Nasdaq (went private in 2011), raising $2 billion with a valuation of $12.75 bilion. +* Could there be some connection to WMG? Unlikely, since Harry Belafonte released all his albums with RCA Victor which is owned by Sony Music. With no sequel in the works and Sony owning rights to Belafonte's albums, it's hard to find a connection there. + +**T-Pain** + +* In a "random" social media post today, IZEA gave a shoutout to a past marketing campaign for [Target and Trident Gum](https://www.instagram.com/p/CBN8qj5h0OB/) +* I reached out to the users tagged on this post to find out how recent the campaign happened but received no responses. +* HOWEVER, this past February, T-Pain had a pop-up performance in Chicago to unveil his partnership with Trident Gum and drive awareness to their new product Trident VIBES gum. +* Yes, T-Pain was featured in Pitbull's rendition of Shake Senora, AND partnered with Trident Gum for this recent marketing campaign that IZEA spotlighted on its social media accounts TODAY. + * "The campaign produced 41 pieces of content, 295k+ social interactions, and an engagement rate of 10.32% 🎯 Instagram stories drove 11x more click through traffic to the coupon redemption page than Instagram photos in this campaign" +* [Trident's IG post revealing T-Pain partnership](https://www.instagram.com/p/B9Xio9NhifB/) +* This still seems like a stretch to me, but Target is actually on IZEA's customer's page (link above), right next to Wal-Mart.... +* **Apple** +* This one seems furthest from likely, but I wanted to include all my findings. +* In 2009, in season 8 of Dancing with the Stars, Steve Wozniak danced a Samba to this song. +* It was terrible lol. He got a 10 out of 30, the second lowest score in the history of the show. "It was the only dance that got 3s or less and was not the celebrity's final dance." +* Steve Wozniak co-founded Apple with Steve Jobs and AAPL, as you know, is #4 in the FORTUNE 10. + +&#x200B; + +So, this leaves us with the perpetual question: + +# What does it all mean? + +Well, I don't fucking know. But let us commence this Discussion. Share your feedback. Share your own thoughts that might connect some dots I didn't. Hell, maybe it'll become a megathread by Friday's announcement. I will add on as I make new discoveries. Bless everyone that is along for the ride! And cheers to all who may profit from IZEA. + + + +OP's Investments into IZEA: + +Currently, here is my investment. + +https://preview.redd.it/xpgo5cuihz351.png?width=646&format=png&auto=webp&s=5ed3fa6bb775b22f4688b1fc4bea900864dc03e0 + +Last month, I had owned 5,547 shares at an avg price of 0.6199. + +https://preview.redd.it/18tqh3tmgz351.png?width=701&format=png&auto=webp&s=9221064dfc0547716cfa2d4f850cf576bb0f86f1 + +With weak hands, I regrettably sold for a loss to put that equity elsewhere. + +https://preview.redd.it/rbrnongogz351.png?width=704&format=png&auto=webp&s=9c2e106b100f12a4e8244f1dfcb491f451d1d2c1 +I truly do not understand the supposed pain of miners. + +The price of bitcoin has increased by 600% just this year alone. + +Traditionally we used to hope that after a 'halving' we might see a doubling of the price. Since the last halving, when the price was $600, it has gone up by 10x. + +But, let's really talk about what has happened this year. This year, we got segwit finally launched and the price has skyrocketed. + +There is already some serious talk about a $25k bitcoin in the not obscenely distant future if hedge-funds and other big players bring money in; now that they can see that bitcoin is stable, not going anywhere, and **is highly resistant to change**. + +So, what, exactly, the fuck do miners have to complain about? + +Their job is simple. Do a full SHA256 hash (by full, I mean on any random input data, not ASICBOOST hacked pseudo-SHA256). + +That's it. Do that one simple job, and reap the rewards. + +Bitcoin has a highly competent development team and a very exciting technological roadmap which will lead to ever higher and higher price levels for the block reward. + +In addition to the price of bitcoin rising, so has transaction volume and, with it, the fees that miners collect. + +If there is some fear that secondary network layers will steal fees from miners, that is an absurd interpretation of how things work. + +First of all, most transactions that will occur on secondary layers will be transactions that would never be practical or worth bothering with on the layer-1 chain. The point being, they aren't 'stealing transactions and fees' away, these are transactions the layer-1 chain would never want at fees so low miners would never bother to collect them. + +Second, when secondary layers function, they do so by pushing settlement transactions to the main blockchain, where fees **are** paid; and at nice price premium for miners to collect. + +Between the increase in the value of bitcoin, increasing transactions, and improved fee revenue, miners are making an obscene amount of money compared to where they were just 10 months ago. + +Additionally, if they truly hate bitcoin for some philosophical reasons, they can freely mine any other SHA256 coin if they so choose. + +I don't get it, but I'm quite tired of hearing from people worth hundreds of millions of dollars, and earning more at an astonishing rate, keep bitching and moaning about 'high fees'. + +We have Roger Ver, a man probably worth hundreds of millions of dollars, bitching because he cannot send a transaction on the bitcoin network for a penny. + +Meanwhile, I send transactions for 8 cents all of the time, and they are confirmed (albeit slowly), and a 50 cent fee transaction gets processed quickly. The network continues to function well and generate incredible wealth and opportunity. + +Finally, these people do not understand set theory at all. + +As bitcoin expands into additional layers **those layers are bitcoin as well**! It's an aggregate ecosystem. As bitcoin expands to include things like the lightning network and sidechains, these are not things 'separate from bitcoin' they become part of the overall bitcoin ecosystem. It is fundamentally how all networks scale to exponential levels. + +So, we have hubris, technical illiteracy, and mindless propaganda driving a bunch of people to quite literally work against their own economic self interest! + +Alright, this is a long post. But hopefully, it is able to further your understanding of Bitcoin. At least, that's the goal! + +It's an effort to educate newcoiners, and perhaps a few old HODLers as well, on what makes Bitcoin uniquely valuable, the Lightning Network and the upcoming Taproot upgrade without overly complicating the conversation. + +[The Newcoiner Dilemma](https://preview.redd.it/kngn40wr20d71.jpg?width=1080&format=pjpg&auto=webp&s=d3b134c484734a2b004220711e06767ce4d9aebe) + +**What's so unique about Bitcoin?** + +There's a common misunderstanding that Bitcoin has such great value because it was the first. This is untrue. There were several prior attempts at digital money - B-money, Bit gold and Hashcash (although not technically money) the most prominent among them. Satoshi's proof-of-work (PoW) algorithm solved a critical flaw in the use of blockchain as a public ledger known as the Byzantine Generals Problem. + +The concept of blockchain predates Bitcoin by almost two decades. So the value was never in blockchain but the way Bitcoin was able to utilize blockchain as a trustless, permissionless, decentralized public ledger to democratically create, distribute and exchange value. + +Centralized iterations of blockchain are indeed a waste of time. Permissioned protocols can often achieve greater efficiency using an SQL database instead. + +Another misconception among newcomers is that you're late to the Bitcoin party. Just as you can never be late to the Internet, you can never be late to Bitcoin. + +Bitcoin is not just a cryptocurrency. Bitcoin, in the broader sense, is a protocol capable of functioning as the network layer of a decentralized Internet. Bitcoin can therefore fix the Internet's original sin, centralization at the hands of a powerful few, and restore it to its original form - a decentralized P2P network protocol. + +Bitcoin is capable of remaining decentralized by allowing any participant in the network to access and verify the truth on their own in a very economical manner. Throughout Bitcoin's history, Bitcoiners have staunchly defended the right of users of the network not to be priced out of running their own node. + +You can host your own Bitcoin full node on a Raspberry Pi. This allows you to be an equal rights citizen in the network and not have to delegate trust to a third party. Without being able to verify on your own, you're just going from trusting bankers to trusting a random person on the internet. That's hardly revolutionary. + +[Samourai Dojo Bitcoin Full Node on Raspberry Pi \(cost $40\)](https://preview.redd.it/1ohgb7ol00d71.png?width=829&format=png&auto=webp&s=be47cad6110b6147c8d55410b23bca8205cff9ec) + +Bitcoin is not only time-tested but has proven to be doggedly antifragile. Elon Musk remarked at the B-word conference a few days ago that the "average person" is not going to run a Bitcoin node, once again revealing that he probably needs to acquire a better understanding of Bitcoin before passing misguided remarks. + +What makes Bitcoin antifragile is precisely the ability of the average person to run a full node. There's no locus of power to attack. Every node is equal in the Bitcoin network and they're distributed all across the world on every continent. Every quadrennial cycle, while higher profile individuals and entities attack Bitcoin to further various agendas, these attacks only end up effecting even greater faith in the protocol. + +[Being a pure P2P network allows Bitcoin to withstand state attacks \(Satoshi, 2008\)](https://preview.redd.it/5rc5zsks00d71.png?width=880&format=png&auto=webp&s=758cbf3af64ea5a1a1d4edcfe7235a9db9231c5c) + +**Lightning Network** + +Lightning Network is a decentralized layer-2 network protocol that uses a native smart contract scripting language to enable instant, almost feeless Bitcoin payments. + +In the Lightning Network, both parties to a transaction are required only to have a sufficiently funded open channel active in the network. This is done through a single on-chain transaction. + +If there is a direct channel open between the parties, the transaction is routed directly and incurs no fee. Without a direct channel, the transaction is routed through routing nodes, incurring a small fee, typically no more than a few sats, paid to routing nodes. + +Whan a transaction passes through a routing node, it is referred to as a "hop". There are currently approximately 23k nodes in the Lightning Network with 13k nodes having active channels. + +Three years ago, Lightning Network was admittedly far from ideal for everyday payments. + +[Lightning Network Node Map \(March 2018\)](https://preview.redd.it/59n45ig110d71.jpg?width=1200&format=pjpg&auto=webp&s=15ce412ac037947abdfaf1170cc50db277744566) + +But the network has seen exponential growth since, particularly this year. Lightning Network is now a fully-fledged global payments network secured by the Bitcoin blockchain. Lightning wallets have also come a long way and are now very intuitive to use for the average user. + +[Lightning Network Node Map \(July 2021\)](https://preview.redd.it/u1tuqyu410d71.png?width=1908&format=png&auto=webp&s=bdc8c0df5297c4e848cb0743f502ccd47a385477) + +Network capacity has doubled this year. Likewise, nodes and channels have grown exponentially, reducing the number of hops and fees incurred for hops through routing nodes, and improving channel lifespan. + +Lightning Network's remarkable growth has inspired some exciting developments this year, + +Following the success of the Bitcoin beach project, a pilot for Lightning Network's viability as MoE, El Salvador has adopted Bitcoin as legal tender. Countries like Tonga, Colombia and other LatAm countries have expressed interest to follow suit. + +Strike app has introduced a Bitcoin tab with the ability to purchase Bitcoin for a nominal fee of a few cents through the Lightning Network. + +Twitter CEO Jack Dorsey has stated that the company is looking into integrating a tipping system on the platform using the Lightning Network. + +Square is building an open-source, permissionless, non-custodial DeFi platform on top of Bitcoin. + +[Feeless payment of 1 satoshi sent from Spain to Tokyo via Lightning Network](https://preview.redd.it/esqddcdq10d71.png?width=600&format=png&auto=webp&s=95c4cb49f6d3405594ee84a16c693b558daa0b18) + +**Taproot** + +Now with Lightning Network's maturation as an instant, almost feeless, infinitely scalable decentralized global payments network, Bitcoin is shifting focus to its next big milestone, Taproot, which is due to go live in November at block height 709632. + +Taproot brings a set of protocols that further enhance Bitcoin's privacy, scalability and unlocks the path for seamless integration of smart contract protocols on Bitcoin. Following on from SegWit, Taproot will allow even more efficient use of block space by introducing a new type of output - Pay to Taproot (P2TR). + +P2TR uses Schnorr signatures, which are more compact than the conventional Elliptic Curve Digital Signing Algorithm (ECDSA) signatures. Schnorr signatures are between 6 and 9 bytes shorter than ECDSA. + +Perhaps the most exciting aspect of Schnorr signatures is that it enables the aggregation of multiple signatures into a single signature. This opens up infinite possibilities, including being able to execute L2/sidechain smart contracts as a simple, regular on-chain transaction. + +It's a truly game-changing development, as it allows Bitcoin to have smart contracts without bloating the blockchain layer. Smart contracts can be run through L2/sidechain protocols, but on the Bitcoin blockchain, they only take up the space of any other transaction, ensuring that users are still able to economically run their own Bitcoin full node. + +Schnorr signatures bring more privacy to transactions by making multiple-signature transactions indistinguishable from single-signature transactions and improve the security of layer-2 protocols by being provably non-malleable, meaning a third party cannot alter an existing signature. + +Further, Taproot also includes optimization for the Lightning Network called Point Time-Locked Contract (PTLC). PTLC replaces Hash Time-Locked Contract (HTLC). PTLC uses adaptor signatures, which enhance privacy and security on the Lightning Network, enabling escrow contracts in Lightning channels and allowing users to retry stuck payments. + +These are very exciting times to be a Bitcoiner and that has nothing to do with Bitcoin's price. + +Cypherpunks write code. + +[Curfew cocktail bar in Copenhagen, Denmark accepting Lightning payment](https://reddit.com/link/oq7tp7/video/46ob8icx10d71/player) +Link at bottom. + +This is basically just a re-post of one of the top posts from several days ago, which has been DEBUNKED. + +I'm still seeing a lot of people talking about Oct 19 being a critical day because it's 90 days after GME's splivy. Well that much is true... it's been 90 days since the splivy was mishandled. + +But GameStop's filing speaking about "taking action after 90 days" was in regards to the "at the money share offering" which occurred last year. It has NOTHING to do with the splivy. Not to mention, haven't we been counting "90 days" for over a year now? lol + +I'm not saying that GameStop can't take action for the mishandling of the splivy... maybe they can? I don't know! I'm just saying there is no "90 day period" and the filing was misinterpreted. + +Sorry if I'm killing some hype but I'm just tired of seeing this still circulating. + +[https://www.reddit.com/r/Superstonk/comments/y3feqt/credit\_to\_mikeleclair16\_on\_twitter\_for\_pointing/?utm\_source=share&utm\_medium=android\_app&utm\_name=androidcss&utm\_term=1&utm\_content=share\_button](https://www.reddit.com/r/Superstonk/comments/y3feqt/credit_to_mikeleclair16_on_twitter_for_pointing/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) + +EDIT: adding link to the filing + +https://news.gamestop.com/node/18961/html +I'm not in Sydney or NSW so it's hard for me to comprehend, but can someone explain to me what is happening on the ground? Is it just a few black sheep that is stuffing it up for the majority? +How does this effect the economy in the short to Long term. Looks like property and shares haven't really taken a hit.... Yet. +I worked a job from December 2020 to September 2021, I was only enrolled into their pension scheme (via Royal London) for a few months and accrued less than £1k in the fund. + +Several people have told me I can withdraw this with little penalties due to the short duration, can anyone confirm whether this is true, and how I'd go about it? + +Thanks in advance + +Edit: dates changed, I'm not a time traveler + +This is a life saver for me, I thought someone else here might be interested. + +Is there any similar offers for furniture somewhere else? + +https://www.ikea.com/gb/en/customer-service/services-at-ikea/finance/ +Good Morning Apes! + +Yesterday's slight market correction didn't hurt as much as expected. But, it continues to remain unstable today with the S&P gapping down 40 points in the pre-market. The longs took advantage of the price dip yesterday and doubled down on the weekly gamma ramp dropping the entry point down to $160. If we do see some momentum today there is potential for a move. If the broader markets continue to hurt and our volume remains low I expect that we will complete that lower trend from last weeks DD. + +[Culmination of this weeks predicted price action on the 1D timescale](https://preview.redd.it/wf3bl8tcaii71.png?width=2455&format=png&auto=webp&s=5ff0cda64bcab886a6b8c50e8827a9fd52b1f78e) + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/p53sln/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Nice close up 4.19% on the day. We didn't really hit that gamma ramp on the last test of 160 but we managed to stay within expected price range for the week with a $1.10 margin of error for today's expected low. I have pretty high expectations for next week which I will discuss more in my Sunday DD. Thank you all so much for the support . + +\- Gherkinit + +https://preview.redd.it/yv9l6mc6kki71.png?width=729&format=png&auto=webp&s=dae46f051272b9efb899e46bcba20c2a04aa6578 + +Edit 5 2:20 + +7k sell wall at 159 was smashed looks like the longs want this gamma ramp to play a bit on this breakout. Volume at 772k. + +https://preview.redd.it/lgdzhw802ki71.png?width=1602&format=png&auto=webp&s=713f739c30c26489bbe7264c9cf7f2715a2f686c + +Edit 4 1:00 + +Little run up to test 158. Back down to VWAP looking for a turnaround and another push + +https://preview.redd.it/d6o3zvwknji71.png?width=1632&format=png&auto=webp&s=fccd823b0e1e89e0185eab9ad418c1e28f4d21f9 + +Edit 3 12:02 + +Volume at 480k now trend back slightly above VWAP + +https://preview.redd.it/11l8fnifdji71.png?width=1620&format=png&auto=webp&s=5cfa7681811a7659288412406630b4c110862810 + +Edit 2 11:29 + +Fell back below VWAP as expected volume no at 400k there is really nothing to talk a bout right now if volume doesn't pick up by 2pm the ramp is going to be rolled + +https://preview.redd.it/h3ehl3ii7ji71.png?width=1610&format=png&auto=webp&s=fd81d433f701e19d6959d45fdda9a539124e92ee + +Edit 1 10:22 + +The stock was moving so slowly I forgot to update... 200k volume multiple tests at 157 failed. GME will probably drop back down + +https://preview.redd.it/y2pydfcivii71.png?width=1642&format=png&auto=webp&s=8b76251d491683d7e1b3f03fca500316e7cd0c08 + +# Pre-Market Analysis + +6k pre-market volume. 50k shares borrowed with 100k remaining. It looks like we are gonna be in for another slow day unless some volume comes in it will be difficult to break through any relevant resistances. The ideal outcome is that the shorts will not continue to be aided by the market decline and we can close out the day near max pain @ 165. If we do break 160 on some volume the gamma ramp is pretty spicy, but not guaranteed unless a significant amount of buy pressure comes in. + +[Pre-Market on the 1M ](https://preview.redd.it/bapdzmk7dii71.png?width=1644&format=png&auto=webp&s=94b47174e204dd1f711819dae3f43caa5dccf9fe) + +[Gamma Ramp Visualized from 160-200](https://preview.redd.it/oa8siw04dii71.png?width=1568&format=png&auto=webp&s=3ecab84ffd63fb5c51dce5384dc1d7ab3f624069) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +Im based in UK. I am the only son to her. + + +So my mum passed away of severe metastatic cancer. It took 3 months of appointments and scans to diagnose her and then finally taking 9 months from diagnosis to death and cremation. + +One month before passing i assisted in taking her personally to the philipinnes where she was originally from so she could stay with her side of the family for her last remaining weeks. + +Having used most of my savings and overdraft to allow this to happen and take care of her. + +Leaving her there and coming back to the UK was difficult to say the least. She raised me by herself here. + +Being 23. I was not prepared financially. I could not spend my time by her side as i had to come back home to UK to pay for house bills etc. + +Anyway this is a background story thats besides my main point..... + + + + +My mum had no assets. Only uncopious amount of credit card debt and overdrafts that was to pay for rent and food whilst she was sick. + +The only physical asset she owned was a car which im using at the moment as my car engine blew up so its my only way to get to work 15 miles away. It was purchased in her name on finance with around £3400 left to pay. + +I dont have money left to pay for lawyers so some advice would be greatly appreciated. + +I am sending death certificates left right and centre to the bank accounts and creditors i know of and the car finance company are looking in the PPI she had which should hopefully clear the debt. + +Do i now own the car? Or is it "part of her estate" which i need to sell and pay off creditors? This means ill be without a car which sucks. I still have to pay back family for cremation and funeral costs. + +What else should i be doing to close up loose ends? + +What else can i do to make sure im not getting flipped over somewhere? + + +I will use the "gov tell us once" service as well. +Look, I love crypto. I love the idea of a decentralized financial system. I can see what is wrong with banks. But people here are spitting on banks and other financial institutions because they are these huge greedy monsters that only want to take everybody's money. + +At the same time everyone is jumping into every single fucking scam-, pump- or memecoin hoping they can make thousands of dollars in a day. Some even say scams are not a problem because "yes they are scams but if you get out in time you can still make profit". Scamcoins are a zero-sum game: every single dollar you potentially gain, is lost by someone else. + +It's ridiculous and hypocrite how some people here don't even realize they are showing the exact greedy behaviour they are accusing the banks of, at the cost of others. + +&#x200B; + +EDIT: To be clear, I'm not a saint. Obviously I'm also here for the money like everyone else. If you responsibly invest in solid projects, this post is not about you. My point isn't so much judging greed, it's judging hypocrisy. It is about being a hypocrit when you judge banks for taking peoples money without caring that they get fucked, while at the same time massively pumping and supporting scams just to take peoples money without caring that they get fucked. +APES, don’t immediately downvote: Please read and know that eToro doesn’t allow transferring shares. + +**Tl;dr — Sold my “shares” on eToro. Used that money to buy real shares on IBKR. DRSed 100%** + +This may be a bit of a controversial opinion, or a controversial course of action, but I never felt safe with eToro. + +From the so-called proxy voting to the fact that they refuse for your shares to be directly registered, and lest we forget they “accidentally” closed positions in February — I simply don’t trust them. + +I distrust them so much, that I decided to take the jump back when GME hit the 160-something mark. I went against common advice that one never should close or sell: I sold all of my shares. + +**I immediately bought back the very same quantity and then some at IBKR. The moment my shares were settled I initiated the process to transfer them all to Computershare. In other words, I had my shares direct registered.** + +**Not only are my shares now truly mine, I also rest assured knowing that they have been withdrawn from DTCC, and that’s just a handful of shares the hedgies cannot fuck with.** + +While I cannot give you financial nor legal advice, and this is a decision only you get to make, I will say this: + +**If I still had shares with eToro or any other broker that I wouldn’t trust, I don’t think I need to name any other names, I will do it all again especially now that the stock is at a discount.** + +I personally wouldn’t want my shares to be with a broker that I can’t trust. There is nothing more secure and more reliable than having your shares directly registered in your very own name. + +Again, not financial nor legal advice. + + +**Tl;dr — Sold my “shares” on eToro. Used that money to buy real shares on IBKR. DRSed 100%** + + +PS for those of you who already migrated from one broker to IBKR, here’s a handy manual I made on how to DRS your shares to Computershare all by yourself — for Apes from all corners of the world 🌎 🌍 🌏 + +https://www.reddit.com/r/Superstonk/comments/raz5uv/drs_your_shares_all_by_yourself_from_anywhere_in/ +Get your money off exchanges. + +I had $100 on Celsius in a stable coin to see if the 8% APY was legit. I left it on there for a year and now I can’t access it. I can’t tell you how frustrating it is and that’s only 100 DOLLARS! Imagine if it was thousands... + +I just got most of my crypto assets off of coinbase and it feels great. + +These companies that seem too big to fail, can. Then they use everyday people like us to clean up their mess. + +Learn from my mistake. Stop what you’re doing at this moment, buy cold wallet storage. It takes 30 minutes to set up and you have piece of mind about your crypto. + +Much love <3 +I’m seeing a lot of apes getting excited at a “true” $6347 - $31735 current share price based on a high reported Forward P/E. I am posting this for hopeful debunking or being proven wrong as I would love that to be the case but, by looking at the formula for calculating Forward P/E a different way, we can get a more ‘reasonable’ explanation for it being this high. + +&#x200B; + +\[Forward P/E = Current Share Price/ Estimated Future Earnings per Share\]([https://www.investopedia.com/terms/f/forwardpe.asp](https://www.investopedia.com/terms/f/forwardpe.asp)) + +&#x200B; + +This means you can also have a high Forward P/E if you have a low $0.xxxxx Estimated Future Earnings per Share. + +&#x200B; + +Take Yahoo for example: + +[Yahoo Valuation Measures for GME 12.9.21](https://preview.redd.it/ydq615gno3n71.jpg?width=897&format=pjpg&auto=webp&s=02885ae90649f856c65d5f5d5a24b508c7914106) + +Yahoo has a Forward P/E of $6347.00 based on data provided by Refinitiv + +&#x200B; + +[Yahoo Earnings Estimate for GME](https://preview.redd.it/uwn7jl6gp3n71.jpg?width=1866&format=pjpg&auto=webp&s=e7c193ed116acbd3d8238e8f8bdf9f9fe6fa5548) + +Yahoo also has $0.03 as its Avg. Estimated Earnings per Share for Next Year. Could this be the Estimated Future Earnings per Share used in its Forward P/E calculation? Let’s do some maths to find out: + +Current Share Price = $190.41 + +Estimated Future Earnings per Share = $0.03 + +Forward P/E = $190.41/$0.03 = $6347.00 + +&#x200B; + +So Yahoo’s Forward P/E is not based on a desirably high Current Share Price, but rather a fairly low Estimated Future Earnings per Share for 2023. + +&#x200B; + +This is the same with Nasdaq: + +[NASDAQ GME Yearly Earnings Forecast](https://preview.redd.it/r8f3jbt0r3n71.jpg?width=1327&format=pjpg&auto=webp&s=396e2ff9f39ed3cdea3859a359f8ddcf57cc4f86) + +Nasdaq’s Consensus Estimated Future Earnings per Share is $0.02 for Jan 2022 + +Nasdaq, however, is using the previous close of $199.18 as its Current Share Price: + +$199.18/$0.02 = $9959 + +&#x200B; + +[NASDAQ GME Key Data](https://preview.redd.it/gati1ieqr3n71.jpg?width=1732&format=pjpg&auto=webp&s=0fb761405c2b1f21a417a95eb940d402c7263662) + +$9959.00 is NASDAQ’s Forward P/E 1 Yr. + +So these high Forward P/E values we are seeing (although suspiciously different in US vs elsewhere) do not confirm evidence of a “behind-the-curtain” significantly higher Current Share Price. + +If Estimated Earnings per Share on these sites was actually $1 or $5 then we could get hype, but I’m afraid that isn’t the case. + +&#x200B; + +Let me know your thoughts on this wrinkled ones. + +&#x200B; + +**Edit 1 (Maybe get hype?):** + +I have been thinking a little bit and, as a non-US Ape, my research around figures was just based on debunking the non-US Yahoo data. So I decided to boot up the ol’ VPN to see whether the figures aligned for the US Forward P/E…. Because surely, the US data must be using some other figure for Estimated Future Earnings per Share to get it‘s Forward P/E of 36.76… + +Nope. US Yahoo, like non-US Yahoo, is also showing 0.03 Avg. Estimated Earnings per Share for 2023 (the figure that fit perfectly with the Current Share Price of $190.41 to get our 6347 Forward P/E on non-US Yahoo) + +So either the Forward P/E on US Yahoo is using some other value for Estimated Future Earnings per Share, or the Current Share Price on US does not match the Forward P/E. + +If we use Forward P/E of 36.76 and Current Share Price of $190.41 we get the following when calculating Estimated Future Earnings per Share: + +Estimated Future Earnings per Share = Current Share Price/ Forward P/E = $190.41/36.76 = $5.18 + +Looking again at the Earnings Estimates for GME on Yahoo: + +[Yahoo Earnings Estimate for GME](https://preview.redd.it/by7p915sa5n71.jpg?width=1846&format=pjpg&auto=webp&s=5d97f2e73a97d1096f54339f7a4a523fee5f35de) + +I can’t see any sign of a future Earnings Estimate that matches with \~$5.18 to suggest that US Yahoo has used a different figure than $0.03 to get its Forward P/E of 36.76 (thus maintaining that Current Share Price is actually $190.41) + +If then we ignore the Current Share Price and apply the Forward P/E formula again, this time using the US Yahoo reported Forward P/E and the US Yahoo reported Average Estimated Future Earnings per Share for 2023 (which I’ve confirmed to be the earnings figure used for Forward P/E calculation on non-US Yahoo), we get the following figure for Current Share Price: + +Forward P/E = Current Share Price/ Estimated Future Earnings per Share + +Current Share Price = Forward P/E x Estimated Future Earnings per Share + +Current Share Price = 36.76 x $0.03 = $1.1028 + +Now, SHFs would love that to be the Current Share Price… but we know it isn’t. But $190.41 does not fit with the US Yahoo figures for Forward P/E and Estimated Future Earnings per Share… + +So let’s pretend $1.1028 is actually the Current Share Price. Market Cap is still reported to be $14.56b. + +Would that mean there are 14.56b/1.1028 shares out there? + +Meaning 13.2b shares? + +Probably not, but it’s interesting to think about. My OP debunked Forward P/E speculations on the non-US data which seems to all add up…but the US data- from what I can see- still does not, even regarding Forward P/E. The US values for Forward P/E, Current Share Price, and Estimated Future Earnings per Share DO NOT add up….and may reflect the Current Share Price being incorrect. + +Love you all apes. This is funky and I hope some more people can dig into this. + +**Edit 2 (Maybe coincidentally full-circle)** + +Another thing fun to think about is taking the Estimated Future Earnings per Share figure that I calculated from US Yahoo Forward P/E and US Yahoo Current Share Price ($5.18) and apply it to the non-US Forward P/E to calculate Current Share Price: + +6347 \* $5.18 = $32877.46 + +I have no idea why the 172.67x difference between the US and non-US Forward P/E figures exists. I‘m going to look into other discrepancies in data and see if there’s any discrepancies of the same magnitude. + +**Final Edit Before Sleep** + +I have had a look across all different data values on US Yahoo and non-US Yahoo to see if there were any similar discrepancies to the magnitude of \~172.67x…. Nothing I could see. + +Yahoo states it gets its Forward P/E from “Data provided by Refinitiv“ - I think we will need to investigate this source data to understand what’s going on, because US Yahoo must be getting/ using different data from Refinitiv on either Current Share Price or Estimated Future Earnings per Share. + +I could not find any information on Yahoo to tell me whether the analysis data that provides the $0.03 Estimated Future Earnings per Share is from Refinitiv or whether the Current Share Price is from Refinitiv… or both. + +Perhaps looking into that might provide some insight. + +&#x200B; + +&#x200B; +Some of the most popular posts over the past several months have consisted of "50+% of the float locked!" or "50+% of the free float locked" when that is demonstrably false. + +Institutions, ETFs, mutual funds and 'stagnant' shares are available to be sold, lent or used as locates to satisfy hedging options contracts. They are floating. + +This is an extremely unpopular 'opinion' (fact) and I don't expect this post to get much traction, but I feel it should be said. Either by ignorance or malace this misinformation continues to spread throughout the sub. + +An estimated 28% of shares outstanding have been taken off exchange, that's remarkable. Tack on insiders' restricted shares which are 13% of shares outstanding gives a total of 41% of the company 'locked'. + +TL:DRS - setting goalposts at 'available' shares or using the wrong definition for free float is short sighted and will set people up for disappointment. +1. He believes what is currently happening in America is not new. We were a previously untested global economic superpower but we are slowly losing our dominance to China, just how countries in the past did. + +2. We are losing our dominance to China because we over-exerted our status at the world reserve currency because we printed too much money, just like other countries in the past did, giving China an opportunity to rise. + +What do others here think about his short film? +Looking at duplexes in a fairly large city. The location is fairly good (near parks, a lake, library). The houses in this area go for around 400k-500k and rent would be around $1750. The more I crunch the numbers I don’t think it’s possible to hit 1% monthly rent to value. Almost no where in the city brings in more than 2k in monthly rent unless it’s over 3 beds and has quite a lot of space. + +Does the 1% rule still apply for duplexes or is it a guideline mainly for multi unit apartments? +Hey all! New investor here, how do protect your personal assets when purchasing/managing a rental property? If you have a personal stock account that you want to keep safe, how do you handle that? Do you put rental properties in a trust? Do you just have an umbrella insurance policy? Did you form an LLC? Or something else entirely? I've talked with some attorneys and they've had differing opinions. Would love to hear the communities experiences. +What is your preferred method of investing in real estate? Rentals? REITs? Funds? I graduated and just started my first “real” job and I’m saving money like there’s no tomorrow. Really interested in learning from others with more experience!! Any input would be highly appreciated! Thank you! +I have always been driven, driven to work hard and long hours into the night, driven to move on to the next challenge and the next chapter of my life. A year and a half ago I was diagnosed with sleep apnea, fatty liver disease and pre-diabetes. It really shocked my life and gave me a new purpose. I lost 115 pounds, changed my diet and my daily routine and began to take health and fitness to an extreme. I have also given myself permission to relax and to vacation, something I have never done since I began going to college and transitioned into the employment world. + +My father is turning 60 this September, and he is thinking of retiring soon. Jokingly I thought how awesome it would be to retire early, explore the world, compete in marathons and cross fit competitions and not worry about tomorrow. The more I joked, the more I wanted it and the more this became a desire for me! + +I have a cushy 9-5 job and make $56k a year. I am blessed to work in the field I love where we have a union, annual raises, a pension and the freedom to make the most out of our day. I am a college advisor and am pursuing my doctoral as a “bucket list” item I have told myself I would do. + +I do have a lot of college loans debt (north of $120) but no mortgage, and a car that I am almost done paying for. My pension is automated, and thanks to the great negotiating power of our unions we do not pay social security however our money goes to an independent account protected by the constitution of the state of Illinois. I did the smart thing and opened up a 403(b) and put away $200 a month. + +Now, my fiancé does want a home after we wed, and I am eyeing 15 year mortgage. + +So, reddit. Please give me your best advise to I could achieve my ambitious goal of retiring at 50. + +Thank you. +To start things off, I'm 23 and I make $20 an hour. I have a little more than $15,000 saved up. I live with my parents still so I can keep saving money. I pay no bills. + +I need a new car that will last 10 years or more. I've looked into buying a new Corolla LE or a used one. Give me advice with car buying, please. + +I'm going to start investing in Walmarts 401k plan (I work at Walmart). And putting money into a Roth IRA. Let me know what you think about that. + +Based on everything I just said, I need some insight to what I'm thinking of doing. Do you guys have any advice to give me? +I make 8 -12k CDN after taxes a month, my monthly expenses all in are no more than 1500 and no debt. I have around 30k in the bank and have been wondering how / where to invest. + +Im willing to take some risk for potential quick profit but my main goal would be consistent growth over time. +I will be graduating from school in May, and have been thinking about how I should support myself after graduation. I have a well-paying job lined up for after graduation, but I will not start the job until September after graduation. Therefore, I will need to support myself during the summer before I start. + +I will be working long hours when I start my job in September, so I was hoping the few months before that could be spent visiting family and friends, and maybe a little travel. Obviously, these are not necessary expenditures, but I feel like I would like to spend a month or two relaxing before I start work. + +However, I will likely run out of personal money around the time that I graduate. Therefore, my options become either working (waiting tables, etc.) before I start, or borrowing money. + +Does anyone know if any financial institutions would lend me money, given that I have no real assets, income, nor credit history? The only thing I have is a high income that I will begin earning a few months after I take out the loan, which should show that I will be able to pay off the loan. +Hello all! This is an odd question for this subreddit, but still very important for balancing mental health and financial freedom. + + +My parents have been getting on me about the need to take vacations for mental health reasons, and to spend more time with my immediate family. I struggle with taking vacations :( + +We do enjoy nature and being in more remote locations. Looking for the most cost effective vacationing strategy to do it once or twice a year. There are benefits and downfalls of each, but I'm not sure which would be the best option due to my lack of experience. + +Here is what I have so far: + +1) Purchase wooded lot and purchase used camper - Parents did this all while we were growing up. They eventually built a cottage on it maybe 15 years ago. + +Benefits: property generally won't depreciate or decay. Have the potential to build on it. It is yours. + +Downfalls: property taxes are really expensive since it is not a primary residence. Upkeep (don't really mind, but should be noted). Still have to buy a camper. camper will depreciate in value overtime. + +2) Purchase pop-up camper or cheaper hard side, and travel to camping sights. + +Benefits: lodging is cheapest while traveling. Another purchase, so we actually own it. Not tied to one location. + +Downfalls: camper/pop-up still depreciates. Maintenence/upkeep=?? Not sure how much of a savings this would actually be over just snagging a week's stay at a remote cabin. Even smaller campers/pop ups are expensive. Not sure if you'd get your return on investment to renting a cabin. requires additional cooking gear/stuff like that if you go with cheaper pop-up. No bathrooms/ + +3) Rent Remote Cabins + +Benefits: seems to be relatively cost effective at $150 ish a night at least around us.. usually have kitchens/bathrooms/wifi/whatever normal things most people like to have on a daily basis. No upkeep or maintenence. Minimal cleanup or teardown. Comfort seems to be better here than option 2. + +Downfall: all rental, so no return on investment. not sure if it is more expensive to do this elsewhere in the US. More required planning of locations. Harder to find a good cabin around the area you want to be in depending on location. + +100% just guessing here, but I would imagine the return on investment for option 1 would take a long time to catch up, and I miss being able to coumpound the interest on the initial investment over the years. + +Option 2 would keep more money in our pockets for investments, but would still be relatively cost prohibitive due to a smaller pop-up basically costing the price of a small used car. I'm not sure how quickly they depreciate either, or how long they last. + +Option 3 seems to be the cheapest long term from my guesses (could be investing the initial up front costs allowing coumpound interest, stuff like that), but I don't have enough experience with any of the options to tell for sure. + +Any thoughts? +FIRE has been on my mind lately, and I was curious if there are any particular part-time gigs that some of you have picked up for the benefits and some side cash, while still maintaining your dignity (while I respect all jobs, I would probably like to avoid retail in most cases, even though many retail focused companies do happen to offer great benefits with part-time work…). +Those who got reactively mad at Tesla for selling Bitcoin totally missed the point that it was to prove that it can actually bring profits to a company. Tesla didn't purchase Bitcoin *that* cheap yet they were able to make **$100 million** in profit while still maintaining the strong majority of their holdings. + +This is likely to create FOMO both in individuals and especially other companies. + +In other words: Bullish! +https://www.wsj.com/articles/why-your-good-governance-fund-is-full-of-saudi-bonds-11574781431 + +ESG = Environmental, Social, Governance + +Apparently they were included as a top 5 holding, because the ESG scoring system automatically excluded so many investments that Saudi Arabia actually appeared to be one of the cleaner ones fitting the emerging market bond criteria. However, ESG funds seem to own more dictatorships and authoritarian government assets and debt instruments than even a typical emerging bond index. + +Oops. +https://www.cnbc.com/2019/10/18/china-q3-gdp-beijing-posts-economic-data-amid-trade-war-with-us.html + +China released third-quarter GDP figures on Friday showing the economy grew 6.0% from a year ago. + +Analysts polled by Reuters had expected China’s third-quarter GDP to grow 6.1% from a year ago. +Hey Ausfinance crew, + +24M, just finished my physiotherapy degree and about to start a grad job (at a public hospital earning $67K). My perspective on physio has changed dramatically over the last few years as I’ve learnt more about the industry and a lot of it has got me turned off from it, especially in regards to the work:reward ratio and career progression (being a very bottom heavy profession). + +Despite this, I’m going to give it a crack and my passion for the work itself might be enough to stay in it. +In saying that, I am wondering what other jobs/industries I could look into either studying part-time or get into later unqualified, that are in demand, pay better and have far clearer career progressions than physio does. Any suggestions are welcomed, I am merely seeking other perspectives/options if things don’t work out for me in physio. + +Wishing all you legends the best for 2021 +Here to say my last words.. I just wanted to thank you all for being apart of my journey, both bulls and bears ❤️ My road stops here, I’ll be leaving this planet in peace, I will no longer feel this greed pain inside of me. You don’t have to remind me of how regarded I am to yolo these calls, but that’s because I already have nothing to lose. Ma and pop in heaven, please forgive me for not being able to continue on 🙏 Don’t worry, nobody will come looking for my helpless body, I have nobody. Last but not least, I hope everyone becomes successful in this life time, don’t give up and keep chasing your dreams. I’m done for now, death is waiting for me, thank you. Signing off life. ❤️ +Hi all, + +I recently graduated college last May with a great job making about 80K starting while I’m still living at home. Despite this, I have managed to only save a small amount even though I made 35k last year starting working in July. It mostly has been to being careless with my money even though I have been very frugal up in to this point (less than 1K per month budget in college). I’ve been feeling down recently because of this & was wondering if any of you could elaborate on any small or large mistakes you’ve made on your financial journey. +# Hello everyone! + +Yesterday, /u/EBur3F8h posted a great DD about the consequences of the cascading effects of the impeding margin calls ([https://www.reddit.com/r/Superstonk/comments/ndmjjg/the\_infinity\_margin\_call/](https://www.reddit.com/r/Superstonk/comments/ndmjjg/the_infinity_margin_call/)), although it was flaired as a discussion – and a great discussion did start in the comments. /u/InterestingJacket222 objected that we could learn about the behavior of institutions among each other from the Archegos liquidation, which I found a very good observation. Indeed it is very helpful to look into game theory. Please let me dive deeper into this to see what we could expect and why we are in a way better position than sheer numbers tell. + +It looks like there’s tons of forum sliding going on with memes today so I expect this post to get buried quickly, but maybe some apes will still get their eyes on it. Please cross- and repost this if that’s the case because I feel this can inspire some confidence in addition to BUY HODL VOTE. + +[This is what I love about this community!](https://preview.redd.it/h1rl5lesqpz61.png?width=709&format=png&auto=webp&s=dda163e9a04eb97349a7b96e9b19f9207cfa0ab9) + +One more thing before we get started: To make sure the sources I refer to are available for you, I won’t use embedded links within the text. The links will still be clickable for convenience but to make sure you don’t have to be afraid of phishing links you can just copy/paste them into your browser if you like. + +# Houston we have a problem + +The absolutely brilliant Houston Wade explained in one of his videos that the ideal outcome to defuse the overshorted time bomb is for them to find a way to flatten the curve. Here’s the full video, please go over to him and drop him a like and subscribe because I think he’s one of the smartest apes there are – and he’s very funny, too ([https://www.youtube.com/watch?v=sHGFwaRWjNM](https://www.youtube.com/watch?v=sHGFwaRWjNM)). + +[They would prefer to flatten the curve](https://preview.redd.it/vmfz7peqqpz61.png?width=1666&format=png&auto=webp&s=ff3b088ce1a638940ace55cc4378b300a94eceb0) + +I think he’s absolutely right, that’s the logical response strategy. In this post I want to argue why I am certain they are not able to flatten the curve and hence avoid high stock prices even if they all want to. They simply won’t have that choice. The answer lies within game theory. + +# A beautiful mess + +I’m sure most of you are aware of the movie “A Beautiful Mind”. The movie is about John Forbes Nash Jr. who discovered the some of the most fundamental theorems about game theory – most notably the Nash Equilibrium ([https://en.wikipedia.org/wiki/Nash\_equilibrium](https://en.wikipedia.org/wiki/Nash_equilibrium)). + +If players make an agreement without strict rules guaranteeing the following of the agreement by each single player, automatically the question arises if it is beneficial maybe for one player to break the agreement for his own benefit. If anyone wants to dive deeper into this setting mathematically, please take a look into the Cournot Competition ([https://en.wikipedia.org/wiki/Cournot\_competition](https://en.wikipedia.org/wiki/Cournot_competition)), it’s basically the same principle and I think we can apply a one-turn based model to this situation because the stakes of the MOASS are so high that it’s a win-or-die situation. + +If the entire finance industry came together to coordinate, they would have to find the sweet spot at which they all combined win the most, or in our situation lose the least – that’s essentially the Nash Equilibrium. As the market is very intransparent, they would have to disclose their assets to each other and trust in everyone complying. + +First of all, this would be a cartel which is highly illegal, even for them. But it might be safe to assume the system is fraudulent enough to allow that to happen. So can this happen? + +Assuming most of them are very naïve and the others can be certain they stay loyal to the agreement, what will those others do to get their annual bonus payments? They will maximize their own profit by selling first. + +Coming back to /u/InterestingJacket222 ‘s comment about the Archegos liquidation: Let’s say we narrow the players down to Goldman Sachs, Merryl Lynch and Credit Suisse. Goldman Sachs indeed has proven themselves as true backstabbers in the past by frequently being the first to sell out in such a situation. Credit Suisse were the bagholders in the Archegos situation but maybe they’re more careful in the future – especially now that they’re positively spooked. So through this situation alone, we have a huge amount of mistrust between the players before the MOASS even started. + +[Karma, baby!](https://preview.redd.it/f0kmy6dgrpz61.jpg?width=1000&format=pjpg&auto=webp&s=2019d08abc2fa0332b82bda4d2b8b2754a639528) + +# Miracles + +So we can assume that it is almost impossible for the clearing houses to get a working cartel together to get out of the MOASS breathing together. Maybe not even because they are all bad people, I’m not interested in judging on that – but the stakes in this are so high that maybe only the first to break it has even a chance to survive and get his company and employees to see another day. On top of that, looking forward they can get rid of some competition that way. This makes the likelihood of a cartel forming almost utopian for them to even consider. + +Now, our esteemed Michael Burry already tweeted about the MOASS back when he still was allowed to warn the public: + +[Black swan event](https://preview.redd.it/pe3abbvbrpz61.jpg?width=1080&format=pjpg&auto=webp&s=f238d757ef4b1d48c7f6c64b05845acd2f39340c) + +So the entire setup for the MOASS already is a black swan event, meaning an unforeseen event that’s very unlikely to occur ([https://en.wikipedia.org/wiki/Black\_swan\_theory](https://en.wikipedia.org/wiki/Black_swan_theory)). + +Alright, now let’s pull these pieces together. To do this, we need to apply the principles of Boolean Algebra ([https://en.wikipedia.org/wiki/Boolean\_algebra\_(structure)](https://en.wikipedia.org/wiki/Boolean_algebra_(structure))). This means in essence to cumulate the probabilities of the steps – in this case of a MOASS to happen and of a working bank cartel to form during a margin call. BTW, let’s not forget that there most likely will be lots of cascading margin calls. Just for visualization purposes, let’s say the probability for a MOASS to occur in any given year is 0,1%. This is too high because we’re not talking about a regular short squeeze but about one where the underlying asset is shorted above 100%. These circumstances have NEVER happened before but as the probability obviously isn’t 0 let’s go with 0,1%. For the second part let’s assume 10% - also way too high as argued before but better safe than sorry. + +0,1% \* 10,0% = 0,01% + +So in this overcautious example, we’d still have a 99,99% chance for our tendies. You might object that the MOASS part already occurred and you’re right with that – if you’re really strict you can only take the cartel part. But still we must not forget how unlikely the foundational situation is we are in. Miracles are unlikely but miracles within miracles? Nah! + +**TL/DR:** It is highly unlikely for clearing houses to not eat each other because it would be against their nature and interest. + +**TA/DR:** Hedgies fukd, buy hodl vote + +Edit: Formatting +Tell me why I shouldn't dump all my life savings into Microsoft (MSFT)? + +1. Top management +2. Massive moats with Windows and Office +3. Growing Cloud Business +4. Multiple streams of revenue from Windows, Office, Cloud, Surface, Xbox + +**EDIT: I now own 539 shares of Microsoft and 175 shares of Apple, granted this isn't my life savings in Microsoft, but it's a substantial portion.** + +**EDIT 2: MICROSOFT IS THE GREATEST COMPANY IN THE WORLD AND IS GOING TO THE MOON** + +**EDIT 3: DON'T FUCK WITH MICROSOFT, DON'T SHORT MICROSOFT** +Everyone’s hyped about the metaverse. There are skeptics too. But what I haven’t heard much of lately around here is speculation around what other things metaverses could do than being, essentially, FarmVille with real money, or a VR version of Second Life or Habbo Hotel where people obsessed with sentimental value keep up with the joneses by buying NFT clothes and stuff to wear around Fake New York because… they’re too poor or too shy to wear real fashion around real New York? + +Okay okay fine. There are many people like that and they really are that vain and we would all be happy to take their money by selling them glorified Fortnite skins for the equivalent of a US median annual salary in crypto. But that doesn’t sound like a product that’ll reach a market of millions or billions of people. It certainly has zero appeal to the average middle class, two career family that makes up the bulk of the millennial generation. It is objectively speaking a very niche luxury market for rich people who already spend a lot of time and money living in a digital world, playing MMOs or creating content on social media platforms. + +What are some lesser known use cases for metaverse technology that might be a little more practical and attractive for the majority of people? People who don’t like spending their hard earned money on online appearances? +I am getting ready to move at the beginning of next week and I just received my new lease. I had the worst time trying to read and understand the lease. It was a 22 page document that didn't contain any punctuation (no periods or commas) so I had no idea when a sentence started or ended. Along with that, there were many misspellings. I should add that the management company owns several apartment complexes throughout my city and other cities. + +Here is an example from the lease: + +"Housing built before 1978 may contain lead-based paint lead from paint paint chips and dust can pose health hazards if not managed properly lead exposure is espedally hannjul to young children and pregnant women" + +My question is: should I request a new lease that makes sense or should I stick with what they sent me? +[https://www.dtcc.com/-/media/Files/pdf/2021/5/4/B15129-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/5/4/B15129-21.pdf) + +[https://www.reddit.com/r/Superstonk/comments/n59n8x/the\_end\_has\_begun\_important\_info\_inside/](https://www.reddit.com/r/Superstonk/comments/n59n8x/the_end_has_begun_important_info_inside/) + +Referencing this new DTCC document released and the haircut provisions to reduce the value of bonds and securities. + +This is simply an update, it is not a new document. The version that implemented all these new haircut percentages was released late last year, for implementation in early Feb. + +[https://www.dtcc.com/-/media/Files/pdf/2020/12/14/14411-20.pdf](https://www.dtcc.com/-/media/Files/pdf/2020/12/14/14411-20.pdf) + +The changes that are in todays release are explicitly summarised in the first damn paragraph + +>Beginning May 4, 2021, for Settlement Date May 5, 2021, **DTC will update the list of current lenders** (“Lender”) to the joint DTC and NSCC committed 364-day line-of-credit facility with a consortium of banks (“LOC Agreement”). The list of current lenders to the LOC Agreement will be **updated to exclude BMO Harris Bank NA and Texas Capital Bank, National Association, which are no longer Lenders to the LOC Agreement.** + +This isn't some new gotcha, it's just removing 2 lenders . All the haircut provisions for bonds and securities were already implemented in Feb 5 for settlement Feb 8. Almost 3 months old at this point. + +&#x200B; + +BMO Harris Bank + +Reason for removal: unknown? couldn't find anything easily + +&#x200B; + +Texas Capital Bank, National Asssociation + +~~Reason for removal: bankruptcy~~ + +[~~https://www.pacermonitor.com/public/case/32131805/Official\_Committee\_of\_Unsecured\_Creditors\_of\_KP\_En\_v\_Texas\_Capital\_Bank,\_National\_Association~~](https://www.pacermonitor.com/public/case/32131805/Official_Committee_of_Unsecured_Creditors_of_KP_En_v_Texas_Capital_Bank,_National_Association) + +edit: Got them the wrong way round, my bad + +&#x200B; + +So can everyone just relax and take a deep breath? I dont think this is quite the ticket to mars we are expecting. It feels very much like a nothingburger. + +&#x200B; + +Stay strong diamond hands. + +&#x200B; + +Edit with more info + +The haircut provisions affect the Collateral Monitor system. From the DTCC website + +>DTC tracks collateral in your account by a control position called the Collateral Monitor (CM). At the opening of each business day, your CM is credited with your Participants Fund deposit. At all times, the CM reflects the amount by which the collateral in your account exceeds the net debit in your settlement account. In other words, the CM equals the sum of the value of your collateral and net settlement obligation. + +Meaning the implemented haircuts are in effect constantly, and reported every day. It isn't a one time check. All market participants on the list can view their position on the collateral monitoring system and have it updated daily. + +&#x200B; + +&#x200B; +Hello friends. Recently, many new generation blockchains have emerged that are helping to integrate web3.0 much more intensively and faster than Ethereum can. + +I am not asking you to scold in defense of a particular blockchain, I want to hear constructive comments that will help me determine whether there is any sense in such projects and how they will exist in the coming years. + +As you already understood, now we will talk about the Solana blockchain and Near Protocol. + +Technologically, these projects are very similar and solve the same problem - the scalability of decentralized technologies on the Internet. + +The projects perform almost the same function, but the Solana ecosystem is much more developed than the Near Protocol. + +but in some ways, Near is ahead of Solana's technological advancement. Offering by the user gas free DeFi by means of Aurora and low commissions with a maximum commission throughput rate of 100k tps + +So this is my question. By and large, the functions of these blockchains are already performed by the BSC, what is the point of developing the same technological solutions? + +Perhaps this is the same as Pepsi and Cola, in fact the same drinks, but someone loves Pepsi, and someone loves Coca-Cola. + +Will the cryptocurrency market come to one solution? Or the market will continue to be replenished with new "drinks" +Zenon is implementing a fully decentralized dual-coin mechanism. The coinmetrics are designed to achieve a Mint-Burn equilibrium for ZNN and QSR as the first dual-coin architecture of its kind.The first use-case of NoM would be to power decentralized infrastructure services that will support further development of next-gen web3 applications. The hybrid applications built on Zenon will fall under a variety of use-cases, covering anything from decentralized storage solutions to DeFi or IoT. + +What is it: + +Incredibly fast, almost infinitely scalable state-of-the-art DLT. It combines the block-lattice architecture that was first(?) used by Raiblocks/Nano with a DAG that exists as a separate layer for the consensus. The block-lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain. + +Who does it: + +This is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu. + +Square will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards. + +Its open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over. + +Testnet is live and not very public yet. Large exchanges expect payment, and/or the coin to already be established within the cryptosphere. Also you can earn passive income on your $ZNN Avg 55% APY. No need to send it anywhere stake it yourself on your own pc. + +You have been warned. +(WARNING applies to both Apes and Apettes... my bad) + +[ image credit to u\/Ulfhednar11](https://preview.redd.it/6w8ij7llbtp71.png?width=629&format=png&auto=webp&s=c5585dcb27fc0608128a221b7fb545184bac463d) + +**ADDITIONAL DISCLAIMER:** I am not a legal advisor, I do not have any legal training and as such have a pea-sized understanding of the law. (Mainly acquired from watching movies). + +The details in the post discuss an ongoing lawsuit and as such all statements referenced from this case are allegations until proven otherwise. + +All sources referenced in this post are public information and I do not claim the legitimacy of any evidence presented, merely an ape discussing the evidence available to us. + +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!!** + + + +# BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank & The Most Efficient Way to Avoid Paying Taxes? (Onshore)** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Deregulation Agenda** + +BBC Part 16: **The Apollo Missions** \- [ Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +&#x200B; + +[A smooth Brain Look at the Housing Market.](https://www.reddit.com/r/Superstonk/comments/qfqiz8/a_smooth_brain_look_at_the_housing_market/) + +[A Smooth Brain Look At the Banks (Part 2)](https://www.reddit.com/r/Superstonk/comments/qg5nxo/a_smooth_brain_look_at_the_banks_part_2/) + +\----------------------------------------------------------------------------------------------------------------------------------- + +(THIS IS GME RELATED) + +(Shameless PLUG: Follow me on Twitter for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +So Apes and Apettes, in our continued investigations into the rotten world of Billionaire Bastards... it would seem that once you reach that level of wealth and power, you tend to think that you can do whatever the fuck you want. + +I present to you... + +# Lauren Bonner Vs POINT72 ASSET MANAGEMENT, L.P., STEVEN A. COHEN, in his individual and professional capacity, and DOUGLAS D. HAYNES, in his individual and professional capacity + +**THE PUSSY BOARD AT POINT 72** + +Part 1 of this case against Point 72, starts off with Douglas Haynes writing the word PUSSY on his whiteboard in his office and leaving it there for weeks. Holding meetings in his office with members of all sexes, this, no doubt had the ability to make people uncomfortable. Not exactly a professional workplace environment + +&#x200B; + +[Douglas Haynes \(Right\)](https://preview.redd.it/r6nguegnotp71.png?width=705&format=png&auto=webp&s=6785ccfb3f4b843c475f72fe09a39a5f73c7befc) + +**DO YOU WANT TO FUCK HER** + +Complaint 2, a Point 72 consultant by the name of Dave Black joined a conversation alongside a woman unknown to Ms. Bonner and Justin Lubell, a high-ranking portfolio manager. + +After the woman left, Justin asked innocently about the identity of the woman and Dave Black responded with: + +"Why? Do you want to fuck her? You can, she works for me." + +**NO GIRLS ALLOWED** + +So here are some quick facts about the hiring and promoting of women at Point 72 + +Point 72 has 125 Portfolio Managers. Of these, 124 are Male. + +Point 72 has 32 Managing Directors. Of these, 31 are Male. + +The Investment Professional Hiring Committee is comprised exclusively of men + +Male Executives have openly stated that they "refuse to hire women" disingenuously claiming that their "wives wont let them" + +Less Qualified Male Candidates are hired at a 2:1 ratio over the ore qualified female candidates + +In 2017 only 21% of new hires were women, none were hired as Portfolio Managers or Managing Directors and only one was brought in as a Director. (14 men were hired as Directors) + +Women are routinely denied promotions + +And there are multiple cases of women being forced out of the company for being "too emotional", "too sensitive" or simply "women". + +After Ms. Bonner filed a complaint against one of her colleagues, that colleague was then allowed to sit on the promotion board deciding whether or not she got a promotion, and thus blocked her progress stating that she was "too aggressive" + +COO of Point 72 actually holds meetings which he declares "no girls allowed" + +Women that are hired by Point 72, earn SUBSTANTIALLY less than their counterparts (Often less than 50 cents per dollar earned by men) + +**FUCKING PUPPY BREAK!!!** + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +Awww... what do you have there? Is that a ducky? Yes... who's got a ducky? YOU have a ducky!! Good boy! + +&#x200B; + +https://preview.redd.it/pdhs9ytyntp71.png?width=639&format=png&auto=webp&s=5119d1d608db4b0ae5f8dbdb2659f908827203bf + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +There are **MANY** other examples of the type of environment that Stevey fosters at Point 72 in this Law suit, including but not limited to: + +Men Openly stating that they will not hire women because their wives wont let them, they are too emotional and not team players or would not be good culture fits. + +Female Employee candidates are actually asked questions such as do you have kids, do you plan to have kids, are you married, why are you not married. + +Women are frequently subjected to comments regarding their physical appearance, including whether or not they are attractive, whether they look good, whether they look old, whether they look older than when they started at point 72, or are they too skinny or blonde. + +Reasons, why women don't succeed at Point 72 are openly discussed such as because women want to have children, or are too emotional, or can be hysterical, or care more about work life balance, or do not work as hard as men. + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +All of this is **DESPITE** Steve Cohen's apparent lessons learned from original Asset Management Firm SAC capital being charged with **INSIDER TRADING** and many of his employees being charged with jail sentences. + +While Cohen **ESCAPED** charges, he was banned for 2 years from investing outside of his private family wealth. He achieved this through a deal with the US Attorney's Office (In movies, these deals happen when you rat someone out). + +Part of the deal was that he dismantle SAC, at which point he started Point 72. + +2 years later, he was allowed to manage funds again, and as part of his mission to turn over a new leaf and learn from the mistakes of the past, he setup Point 72 to be a Company of the highest ethics. + +**MISSION** + +● To be the industry’s premier asset management firm through delivering superior risk-adjusted returns, adhering to the highest ethical standards and offering the greatest opportunities to the industry’s brightest talent. + +**VALUES** + +● We are professionals who conduct ourselves ethically and with integrity at all times. + +● We operate as one firm, dedicated to succeeding together, with mutual respect and commitment. + +● We are not satisfied with the status quo and are committed to pursuing innovation and excellence. + +● We work together to advance our professional and personal development. + +● We are exemplary citizens of the world and contribute to the communities in which we live and work. + +Yet... instead of being the exemplary example of how he wants the public to perceive him... we get the company we see today. + +This lawsuit **REALLY** gives a shocking inside view of what it's like to work at point 72. You can check it out in more detail here. + +[SOURCE](https://storage.courtlistener.com/recap/gov.uscourts.nysd.488388/gov.uscourts.nysd.488388.1.0.pdf) + +AMERICANS... I thought giving Sports Team ownership is how you knight people in the US? (Billiions quote) + +How the fuck is this guy someone people look up to? + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +Further... + +When SAC was investigated for Insider Trading... they Plantiffs **PROVED** that Insider trading did occur, they **PROVED** that the inside information was sent from SAC analysts to Steven Cohen and they **PROVED** that the company traded on that information. (Large positions by the way, that would have been outside the norm and likely incur discussions at all levels of the company) + +The **ONLY** reason Cohen didn't get charged, was he that he argued the fact that he never read the Email and no1 could prove otherwise. + +**Any of you Apes actually believe that???** + +And why did his employees go to jail, but he just got a 2 year ban? A ban confirms wrong doing... + +[SOURCE](https://storage.courtlistener.com/recap/gov.uscourts.ca2.15-4067.1.0.pdf) + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +**HELP SHARE THIS POST** \- Retweet here: [https://twitter.com/BadassTrader69/status/1442071290722979842](https://twitter.com/BadassTrader69/status/1442071290722979842) + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +[Aka... just play dumb](https://preview.redd.it/57dr8timntp71.png?width=850&format=png&auto=webp&s=00d03ddb77ebbed331dae56c24c1615a715c059e) + +&#x200B; + +EDIT: Continued... + +Just stumbled across ANOTHER case against Cohen and Gang. + +The Actual case details were obtained by the NY Times through the Freedom of Information act and can be sourced behind their paywall... which I refuse to pay. HERE: [https://www.nytimes.com/2021/01/05/sports/baseball/steven-cohen-mets-gender-discrimination.html?smtyp=cur&smid=tw-nytsports](https://www.nytimes.com/2021/01/05/sports/baseball/steven-cohen-mets-gender-discrimination.html?smtyp=cur&smid=tw-nytsports) + +&#x200B; + +But luckily for us... a yahoo finance article goes into LOTS of detail here. + +[https://www.yahoo.com/now/mets-owner-steve-cohen-accused-using-vulgar-sexist-language-at-hedge-fund-in-discrimination-suit-020202167.html](https://www.yahoo.com/now/mets-owner-steve-cohen-accused-using-vulgar-sexist-language-at-hedge-fund-in-discrimination-suit-020202167.html) + +This case accuses Cohen himself of vulgar and abusive language towards women in addition to FOSTERING the sexism culture at point 72. + +>*“Cohen ridiculed me, calling me an ‘idiot’ and incompetent,” she said in the complaint. “He told me that I was ‘wrong about everything.’” She said he added, “I should fire you because you’re so stupid.”* + +The claim states that this abuse continued over a period of months from Cohen, and that the accuser also witnessed similar behavior by Cohen towards Female assistants. + +The accuser, Sara Vavara was later fired for "Gross Misconduct" + +On top of this... a 3rd complaint was made by a female employee Shannon Gitlin, on the basis of Gender Discrimination but this remains confidential. + +&#x200B; + +1 Could be chance or an isolated incidence... + +2 Could be a coincidence... + +# But 3 Times is a PATTERN + +Writing is on the wall Stevey + +\---------------------------------------------------------------------------------------------------------------------------------- + +Jesus... this shit gets weirder when you look at SAC + +Shout out to u/hope-i-die (I hope you don't die) for linking this shit to me. + +(And [@hingledorfin](https://twitter.com/hingledorfin) on Twitter) + +So apparently... + +Another case exits, where a former employee of SAC was forced to take **female hormone pills** to make him a better trader... in addition to being forced to **wear dresses** AND forced to give his boss **a blow-job**. + +[Source](https://dealbreaker.com/2009/12/blow-jobs-for-trade-approval-sodomy-and-golden-showers-at-sac-capital) + +[Reuters Source](https://www.reuters.com/article/idUSTRE5B31YT20091204) + +&#x200B; + +https://i.redd.it/oskmjv1mbup71.gif + +&#x200B; +I've been playing around backtesting opening up Iron Condors against the S&P500, creating a strategy that relies on a very high win rate to make up for the low return. The strategy shown in the pic is using Bollinger Bands with 60 day window and 5 standard deviations, but plenty of other slight variations like 90 day 3 standard deviations get similar results. + +For the backtesting, I open up the Iron Condor on the 1st trading day of the month, and close it on the last. From looking at current option prices based on the model's current recommended strikes, I estimate I can get at least %4 return, and no greater than %10 return, but I'd like to get historical Option prices to verify. + +This Monday, from the proposed strike prices I was able to open a condor expiring 11/10 for 6% (strikes at 415/416 & 470/471) and another condor on 11/19 for 9% (so $6-$9 for each 100$ of collateral. Benefit of a condor, as I'm sure many of you know, you effectively double your collateral since only one side can expire in the money). + +[Red Horizontal Lines are Put Strike Prices \/ Green Horizontal Lines are Call Strike Prices \/ Dashed Vertical Lines are Start of Each Month](https://preview.redd.it/noqwpneaywu71.jpg?width=1012&format=pjpg&auto=webp&s=8dde4421bd0f8b7b36aff107b6266736acf7cc3d) + +&#x200B; + +I'd say the results below are the best I've achieved, which probably means I've overfitted, but nevertheless experimenting with other Bollinger Band parameters and also using 200 Day MA I've gotten Win rates of +95%, which, assuming I receive 6% return on each Condor, should keep the strategy at least profitable. + +I'd say there is definitely additional risk opening up these spreads when below the 200 Day MA, so in real life I may increase my spread or just sit it out. But typically, above the 200 Day MA, the market behaves in the nice expected trend line until the next Black Swan Crash event that can't be predicted. + +Please provide any feedback, especially any concerns I may have missed about this proposed strategy! As mentioned, I've already put money to test this method, so far it appears to be behaving as expected but it is a bit nervewracking since just 1 loss will wipe out about 12 months of gains. + +&#x200B; + +&#x200B; + +**Rules & Assumptions for this model:** + +\~$6 Credit per Iron Condor with Collateral of $100 -> Max loss of $94 + +\-Open Condor at start of Month, expiration at end of Month + +\-Condor Strike Prices defined by Bollinger Bands w/ 60 day window and 5 standard deviations + +\-Let Condor Run to Expiration for each Month + +\-No Rolling, Condor either expires ITM for Max Loss of $94 or OTM for Max Gain of $6 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**RESULTS (Please note: Each test window is about 7 months shorter since I start after the 200 Day Moving Average. So for 5 years of data, I only have 50 months rather than 60 months)** + +\*Caught an error in results and fixed, but you can quickly double check my values for non-compounding. Just multiply (**Wins+Losses)\*.06\*$50,000** and subtract **Losses\*1\*$50,0000** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Backtesting for 5 Years: Wins: 49 Losses: 1 -> Win Percentage: 98.0 %** + +**6$ per Condor Not Compounding:** Hypothetical Profits w/50k $100,000.0 + +**6$ per Condor Compounding 25% of Profits:** Hypothetical Profits: $119,645.24 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Backtesting for 10 years:** **Wins: 109 Losses: 2 -> Win Percentage: 98.2 %** + +**6$ per Condor Not Compounding:** Hypothetical Profits w/50k $233,000.0 + +**6$ per Condor Compounding 25% of Profits:** Hypothetical Profits: $413,806.04 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Backtesting for 28 years (max from Yahoo Finance):** **Wins: 334 Losses: 5 Win Percentage: 98.5%** + +**6$ per Condor Not Compounding:** Hypothetical Profits w/50k $767,000.0 + +**6$ per Condor Compounding 25% of Profits:** Hypothetical Profits: $8,772,797.22 + +&#x200B; + +&#x200B; + +Graph of Final Results for 28 Years (Red X's at every ITM at Expiration Condor) + +![img](i6zsqo16zwu71 "Starting from 1993 (28 Years Ago): No calls Expire ITM, Just 5 Puts Expire ITM. +I'm very suspicious of this exceedingly good result and do not expect it to perform this well IRL. However, I will use these Bollinger Bands as guidelines when placing since they do perform well across multiple timescales. I'm most concerned if it is always possible to place Condors at 6% return at the suggested Bollinger Band strikes.") +I've been looking at short interest data recently and found that it has helped me quite consistently, over 70% accuracy; one thing to be careful is whether you're trading against the sector's trend. + +I've created an API that fetches me the list of tickers/symbols that has highest short interest volume, happy to share if you like to make use of it, feel free to PM me. +I’m thinking maybe coming up with a horrible algorithm that bleeds money must be just as difficult as creating an algorithm that’s really good because you could always just short the awful algorithm +This project is about 16-17 days old and it never stops giving. I have been a holder since $0.60, and if I'm being honest, I jumped in because at first I thought it was a nice "meme" coin. But as I started to do some more research into the project I realised that the dev team had a structured plan for the project. + +I'll give you a quick rundown of the cool features they are currently developing (some of which have already been released and are fully functional) and then I will give you my personal opinion on BOG: + +The products that are being developed by the [BogTools](https://bogtools.io) team all aim to take advantage of gaps existing in the BSC network: + +* **BogRNG**: Random Number Generation. This project was released 2 days ago by the dev team and its goal is to attract developers looking to create casinos, lotteries, games and other dApps that need verifiable randomness to function in a trustless and decentralised fashion! +* **Limit order trading**: retail investors will be able to place limit orders on DEXes like PancakeSwap for a small fee paid in the native token BOG, supporting the project and the coin's growth! +* **BogCharts**: Free-to-use charts for any coin on the BSC network. These charts will be free for retail investors and live as the price data is fed by the BOG price oracles. +* **NFT Marketplace**: The first NFT created by the dev team, Sminem, has been distributed, with 500 lucky holders having the next couple of weeks to fully customise their NFT and list it in the NFT marketplace which will be launched soon. More NFT's are to come in the near future. + +There's tons of more features and a bunch of them are announced every day by the devs. + +So, my opinion on this project and where it can go. I honestly consider myself lucky to actually put my money in BOG as if you've ever been looking for BSC moonshots to put your money on, you will have realised that a great deal of them are either scams, or do not have any sort of working product to offer. + +BOG not only has a useable product, it also has a dev team that is in touch with their community 24/7 (one co-founder being in the UK and the other in Australia), maintaining a friendly and positive spirit between themselves and the community and being fully transparent about what is being developed and why the people's money is safe in BOG (initial liquidity locked for 6 months, no presale, no airdrop, fair launch with devs putting their own money on the line). Also, the Australian co-founder is fully doxxed, his name is Luke Martinez and you can find him on various social platforms, or on BogTools' telegram, he's very active and you can chat with him and ask him questions about the project at anytime. + +At the time of writing this, this project is still under $12M market cap at a price of \~$5. You can buy the coin on PancakeSwap by trading your BNB for it, you can find a useful guide on how to buy BOG [here](https://imgur.com/a/xKRwCIN). Every transaction has a 4.5% fee which goes back to the people staking BOG, you can find out more about staking on the [ARG website](https://bogged.finance) and you can find a guide [here](https://imgur.com/a/kfo99uC). + +In my opinion, the technology it offers is comparable to what ChainLink is offer, only better, faster, much cheaper being on BSC and much easier to use. I think that this is still very early in the project's life, I would suggest you get in sooner rather than later. +FIRST EVER POST IM AM NOT GOOD AT WRITING sorry +I'm 21 years old ,african american , I'm more tiger woods then waka flocka, I bullshitted HS barley a 2.1 GPA ,I literally never tried just smoked weed and rode the bench (I never worked hard, skip workouts to play videogames and smoke), I work at a fast food joint pizza, i never went to college and I graduated co2012. I don't talk to my friends even tho they always invite me to social events and they all are in college and live on their own, I was always the funny guy. Still Live with both parents but we are not rich by any means , always spotting them money for bills and I don't ever complain about it cuz I'm thankful for them, I wont get financial aid unless I lie. I'm 3 years sober , I don't go out , I wish I could go back in time and beat the shit out of my 15 year old self or even worse just tell him how life is like now... I do to want to go to the military cuz it's bullshit and if something happens to me I can't trust the government to support my family even tho my parents have jobs and make ok money(3 regular cars and a house) But their old and gonna retire in at least 6 years and haven't even really been able to save for retirement cuz we live paycheck to paycheck, I'm done relying on them , I wish I felt this when I was younger but the past is the past. I live in a college town that is huge on CFB, college life parties and stuff life that so it really sucks not being apart of that even tho I know if I made good grades I could have done all that and wouldn't be in this fucked up situation I'm in now. +My goals for now in no order Move out, just be independent Get to college Transfer to 4year college Get a real job Lose weight /workout everyday Date, Have my own car I just want my parents to live comfortably when their old +I have an idea of what to do but just exactly what the fuck do I have to to just be happy and make decent money. How do these kids have jobs where they do nothing and make more than my whole family , I hate this shit please someone tell me the honest truth about what to do with my life. I don't care what it takes. +Edit: Thank you guys so much! I'm gonna try to reply to all of your comments and messages and I'll try to keep you updated. I know there had to be more people in my situation, you not only helped them but you really gave me great advice and an awesome guide to look at in the future. Edit: a list of books I could read out would be pretty cool too. +We woke up to a beautiful green BTC candle. [$100 Million shorts got REKT](https://www.coinglass.com/de/LiquidationData) during this pump. + +Bitcoin also broke out of the [EMA-9](https://imgur.com/a/E0EZxVI) like it was nothing. An indicator that was rejected for WEEKS and always followed with a dump every time. + +Powell spoke and the stock market expects less inflation rate hikes in 2023. Shorts are closing even in the stock market and relief is on the street. +**All that before CPI and merge next week.** +There is a solid chance for a July like bear market rally if CPI turns out good enough. + +Now don’t get me wrong there’s always doubt for sure and this doesn’t mean anything and could easily revert and go back to 20k. But for this moment we’ve had a dump towards 18k and a jump back towards 21k **in a couple days!** Crypto is volatile and institutions still have their trust in it. + +Long term and short term these are great news. Maybe there will be a new bottom after CPI or in November but for now we can inject ourself some hopium! + +Edit: if I jinxed it I’m gonna do 1000 push ups screaming “I’m an idiot” +My family and I are completely floored and it’s been an emotional day so I apologize ahead of time for what may be a rant. + +Here is what I know: +My grandma has been communicating with someone since at least November and maybe a couple years she met on words with friends. He convinced her to give away photos of her credit card, her license, photos, and possibly thousands of dollars. + +She has had the bank contacting her regarding fraudulent charges and she’s been dismissive of them which raised suspicions. After seeing a message on her phone saying “baby i need you to do something on instacoin for me” I snooped and pulled my aunt into the situation at family dinner. It was gut wrenching and horrible. + +What we saw is: +Photos of her credit card +Photos of her license +Requests for Apple cards +Requests for bitcoin +Requests for instacoin +And multiple calls from what may be fraudulent TDcard numbers requesting social security and date of birth information. + +My question is what do we do from here? I have canceled her credit card and she’s very resistant to going to authorities, can I do this alone (she thinks they have a romantic relationship)? How do find I out how much he’s taken? + +Thank you in advance for any support. +I posted on this throwaway account about 2 years ago to check on our projected networth calculations (https://www.reddit.com/r/fatFIRE/comments/d7o1hz/aiming_for_fatfire_current_nw_at_3mm_nw/?utm_medium=android_app&utm_source=share). + +So after 2 years I thought maybe I should do a quick update on where we are. + +Well, our investments have done ok and we're now at 5 million net worth. Our networth from properties went up by 30% in the space of a year, and our broad index etf investments have tracked market returns of 15-20% for the most part. + +What has changed since 2 years ago? + +— lifestyle creep - yep, we're spending a bit more, nothing flashy but we spend more on food and eating out. That's of course balanced by having less holidays due to covid. We moved on our aging cars, bought 1 new, 1 on lease for tax savings purposes, and 1 weekend sports car just as covid hit. That sports car is now worth 20% more than when I bought it so I guess it's been a good "investment". + +- investment strategy - I've allocated a small % into crypto. It seems silly to miss out on the gamble on the off chance your pick goes to the moon as they say. Is it a serious part of our investment portfolio? Not really. It's probably more of a calculated gamble. + +- on the work front, income has increased slightly, tracking inflation so nothing has changed. We're just contributing as much as we can into our retirement funds and that has grown significantly since 2 years ago. + +- as mentioned above, properties have shot up where we are, and we've also bought into another property for land banking purposes. We plan to develop the land in the near future to create a stable income stream but covid has caused construction delays so we've held back on booking in the development. + +- our mortgages have gone up, primarily from equity withdrawal to fund the purchase of the new property. Are we comfortable with the higher debt levels? For now we are given low interest rates, but I'd be lying if I said I wasn't doing multiple calculations and scenarios on our impacted cash flow trying to make sure we are not sacrificing our current lifestyle. + +- RE target has not changed, but perhaps firming up to maybe 55 rather than early 50s. Work was absolutely shit a year ago, and I was close to calling it quits until this year when I changed roles. My partner doesn't have any intention to quit, but perhaps dial back on hours when the kids are in uni. + +- speaking of kids, in 2 years we'd be expected to start drawing from our savings to fund those costs, primarily in subsidising accommodation, food and general expenses. Uni fees would be taken care of through low interest rate government loans that are only paid back when they start work. + +- one last change: my idea of what's enough. 2 years ago, I said to myself, if we had $x million in liquid investable networth, you could RE and feel like you have enough. 2 years on, we've reached that, and now I feel like we need $x times 2 to feel like we could RE. I need to work on this shift in mindset! Perhaps it's our lifestyle creep and the worry that we'd spend more and more and therefore need more. + +That's about it. All in all, no explosive wealth generation but just a slow steady grind. Our cash allocation is still a little too high but am now moving a large portion of it into etfs. The plan is to pay down mortgage debt quickly even though the rates are low, and then start looking at developing the land we bought to create that steady income stream over the next 2 years. + +Onwards and upwards. My next goal is to keep at it to get to a point where I can spoil myself with a Porsche or maybe the upcoming Lotus Emira, without feeling guilty and mull over lost opportunities on making even more money with that car money invested in the market. +The worst part about having a kid for me is the constant picking things up. The house is a disaster every single day. It’s just an explosion of toys and STUFF. + +I’m a HENRY and just want either some peace after the little one goes to bed or more often than not the time to go into the home office right away to close out left over tasks from the work day or to set up the next day. My most productive hours are often 8-10pm when I elect to sit down and work at that time. No distractions. + +Ideally we’d have someone who comes for an hour to put stuff back in its place and do the dishes so I don’t have to deal with these repetitive tasks. We already get the house cleaned every two weeks and the cleaners do a great job. We spend a lot of time the night before getting the house organized enough to get cleaned. + +The toys have their dedicated spot and containers or drawers, they just migrate each day. + +Anyone have someone like this who drops by for a short time in the evening? How much do you pay? + +Edit: thanks everyone. Kid is 18 months so just learning the concept of “putting back”. A few months ago it was only take everything out of whatever it was in and scatter it without any notion of putting things away. She does do a great job picking up every bath toy and reaching over the tub and putting it in the bin. In that controlled environment it works great so we’ll work hard on expanding that. It’s been too long since we’ve done a toy edit so we’ll do that right away. It’s so obviously but ya’ll just had to point it out to me. It’ll just get better with teaching and time and she’ll be better if for it too. The best suggestions seem to be doing the clean up right before bedtime instead of after so she can see and participate. For now I’ll just suck it up. +We have a 3 year old with a full time nanny and a new one coming in March next year. Our nanny handles most of the childcare, laundry and meals for our son but my husband and I work exhausting jobs and he travels for work frequently (every week). By the time I’m done with work I’m emotionally and mentally unable to deal with laundry/dishes/ errands while trying to manage my son. Is there anyone who has a full time maid that comes and cooks, cleans and does laundry and errands for you? I’ve spoken to agencies about household manager or housekeeper but they don’t do all the tasks. Hiring a separate cook and a separate cleaning service is something I’ve tried but neither will do our laundry or dishes and it’s tough to schedule different people for these tasks rather than just having one person who we could pay for five hours a day. +A little background info. My uncle has been out of work for awhile. He's been tutoring kids and just got a job as a temp at herbal life but nothing long-term or stable. + +In addition, he recently broke up with his girlfriend and moved into my parents house. Now, I have absolutely no beef or judgments on any of that, I love the man and recognize that life sometimes puts you in a rut. + +However, yesterday he asked me if he could talk to me seriously, and I said yeah. He then told me he wanted to give me some money without me telling my parents. I told him it was fine and that he didn't need to, but he insisted that he wanted to write me a check and have me cash it. + +He handed me a check (I expected like $50), only for me to open it and see $500. + +I don't feel comfortable accepting this because I know he isn't in a good situation right now. Any advice what to do here? I want to broach the topic, and I've tried three times to let him know that it is a lot of money and that I don't need it, but he insists that I have it and that I don't tell my folks. + +Thanks in advance, this is my first time posting in this sub. + +**Edit:** I am going to transcribe the communication that I had with him last night (I am waiting to call him at 5 when he gets off work) + +ME: "Hey Uncle [REDACTED], just got back to my apartment safe and sound. I was thinking about it and I was just wondering, are you sure about that check? I feel guilty accepting so much money... + +UNCLE: "Glad you're safe. Yes I am sure about the check. Enjoy. Xxxxoooo" + +ME: "Ok well thanks again. It was good seeing you this weekend, I love you bud!" + +He never responded. + +**EDIT 2:** AWESOME NEWS GUYS! I just spoke with him on the phone and I was very honest with him, telling him that I was concerned for him and that I loved him and he could tell me anything. + +After some prodding he admitted that he was indeed feeling guilty about living at my parents house rent free, and so he felt that giving me some money would be a way that he could pay them back without actually paying them back, because he knew my dad would never let him. + +I just want to thank everyone for the massive outpour of genuine concern - I don't think I would have been able to summon up the courage to point blank ask him if he was depressed and/or suicidal without everyone encouraging me to trust my gut and talk to him, no matter how hard it was gonna be. + +At his insistence I am going to cash the check and use the money to finish building the gaming computer I had been saving for - since he likes to play computer games (mmo's in particular) I will be able to stay connected with him even more via online gaming and skype! + +Thank you again, I'm overjoyed that this could finish with a happy ending :) + +**Edit 3:** Wow, I just got out of my last class of the day and seeing the outpour of good sentiments and even Reddit gold has really warmed my heart. I am so thankful and appreciative of all your kindness, today went from very very awful to truly amazing, I can't stop smiling! Bless you all <3 +Like most of you I was going in for the BAT crowdsale for a quick flip. However, working in marketing and having read the whitepaper I can tell you this product will very likely fail. + +1) Advertisers have to buy BAT, which is a speculative asset, to advertise on the platform. Where do they buy this, on an exchange? Like all Ethereum assets its price will vary wildly. No advertiser will buy a token that might change 100% in valuation in the course of a day, because that volatility would risk how much ad space they can buy significantly. + +2) The BAT team says over and over in the whitepaper that "advertising is broken" because it's hard to track results (false), with absolutely zero explanation of how their system will better track results. Anyone who believes this is just buying a dream. Google and Facebook have highly targeted tracking metrics, and while there is a small degree of spam, the ROI for digital advertising is extremely high. + +3) No one is going to watch ads for pennies. BAT whitepaper says 5 BAT per new user to "incentivize" browser switch. That's $0.15. Just LOL. You think that the average person is going to download your browser for $0.15 worth of digital tokens that they have to go through KYC to redeem? I'm literally laughing at how ridiculous a premise that is. +Formatted Original Post: **[Ethereum Sharding Series: Sharding & Price](https://www.mangoresearch.co/will-price-ethereum-drop-eth-scales/)** + +----- + +In my previous posts, I discussed [Ethereum Sharding & Scalability](https://www.reddit.com/r/ethtrader/comments/7y6pq3/understanding_ethereum_sharding_a_simple/). Several of you have been following the series and have asked me some intriguing questions. + +&nbsp; + +A question that has come up multiple times is: + +&nbsp; + +> “Will Ethereum’s Sharding & Scaling lead to a reduced “scarcity” and thus suppress the price of Ether?” + +&nbsp; + +It’s a fair question, since scalability will lead to reduced operations/transaction costs. And that’s precisely what creates the demand for Ether. + +&nbsp; + +But the answer isn’t as intuitive as most would think. + +&nbsp; + +In fact, it’s a case of Jevon’s Paradox - where it’s assumed that technological improvements that lead to efficient use of a product will result in reduced use of the product. But in truth, the assumption turns out to be wrong and the opposite is true. + +&nbsp; + +#Ether’s Scalability, Scarcity & Price + + +On one hand you’d think that Ethereum scaling should increase the price. Afterall, scalability is a good thing, right? + +&nbsp; + +But on the other hand, scalability will lead to lower transaction fees. Since transaction costs are paid for in Ether – wouldn’t Ether be consumed less? And hence needed less? + +&nbsp; + +Therefore, is it fair to assume that the demand for Ether will decline because we’d need less of it? + +&nbsp; + +Finally, if less Ether is needed for operation costs on the network, would the “scarcity” of Ether reduce? (leading to price suppression) + +&nbsp; + +*So which is it? Will scalability lead to a price up or price down?* + +&nbsp; + +#Jevon’s Paradox - Coal & Steam, Ether & Gas + +English Economist William Jevons observed this paradox during the era of coal-fired steam engines. + +&nbsp; + +> "It is a confusion of ideas to suppose that the economical use of fuel is equivalent to diminished consumption. The very contrary is the truth." + +&nbsp; + +He’s essentially saying:* “People assume that technological improvements that lead to efficient usage of fuel will in turn lead to reduced usage of fuel. But the opposite is true”* + + +&nbsp; + +#Ether & Jevon’s Paradox: The Rebound + + +Yes, transaction fees will decrease as the Ethereum network achieves scalability. However, this does not mean that the price of Ether will decrease as well + + +&nbsp; + +As we scale into mass adoption, Ether will be used for various operations across a wide range of diverse industries. With this, the consumption of Ether will rise in response to lower prices. + +&nbsp; + +Eventually, we will reach a point of “rebound” where the gains in efficiency are overcome by the rise in consumption. + +&nbsp; + +So, instead of looking at it as: + +> **“Less Ether will be required for each operation, so demand will reduce”,** + +&nbsp; + +We should, perhaps, look at it this way: + +> **“Each Ether will now allow us to do THAT much more, so demand will increase”** + +&nbsp; + +There are several examples of technological advances increasing the efficiency and availability while prices have still gone up. + +&nbsp; + +A perfect example is the price of fuel for your car (gas). Technology has made fuel far more efficient. We consume it more efficiently, and we find it more efficiently too. But the demand for fuel has only gone up with time. + + +&nbsp; + + +#Ether & Scarcity: To Infinity And Beyond + + +Finally, let’s understand what Scarcity really is. + + +&nbsp; + +People tend to believe that scarcity is defined by the item/resource. But in truth, it’s defined by us humans and our needs. + + +&nbsp; + +Scarcity is a phenomenon of human’s infinite “wants” when the resource is finite. + +&nbsp; + +And we live in a digital age where the “want” to conduct transactions/operations as efficiently as possible is fast approaching “infinite”. + +&nbsp; + +As the cost of each operation on the Ethereum network reduces, humans will “want” to use the network more and more. But, Ethereum at any given point of time, is finite in number. (setting aside the minor inflation, of course) + +&nbsp; + +As you can see, the decreasing transaction fees leads to increased scarcity. + +&nbsp; + +*Note: There’s a difference between a “shortage” and “scarcity”. Shortages are caused by rising prices, while scarcity results from falling prices.* + +&nbsp; + +As the cost of operations & transactions approach zero, our need to conduct those transactions will approach infinity. Hence, demand should go up, not down. + +&nbsp; + + +**TLDR/Summary:** Technology improvements lead to increased efficiency. Increased efficiency leads to reduced costs. This should lead to decreased consumption. However, the decreased costs plays into the never-satisfiable needs of humans. As prices drop lower, mass adoption and demand will grow even more – leading to scarcity. + +&nbsp; + +Please **note** that I try to use the word "operations" instead of "transactions" whenever appropriate. This is because Ethereum will be used for far more than just payments, buts those operations under smart contracts will still have a cost to it - which counts as "consumption" + +&nbsp; + +-------------- + +&nbsp; + +***Edit***: This does not mean that the price of Ether won't go down - it very well could. There are far too many factors that can allow for a price decrease. This post is just meant to explain the relationship between the scaling efforts, consumption of ether and it's effect on demand. + +This is **not investment advice** in any form or matter. This is purely educational - and an effort to facilitate discussion so we can learn together! + + +&nbsp; + +----------- + +&nbsp; + +[Ethereum Sharding Explained Simply #1](https://www.mangoresearch.co/ethereum-sharding-explained-simply) + +&nbsp; + +[Ethereum Sharding Explained Simply #2 - Why PoS?](https://www.mangoresearch.co/why-pos-was-necessary-for-ethereums-sharding/) + + +I'm not sure how prudent making American political posts in this subreddit is. BUT, I had a chance to listen to Andrew live in Cleveland this weekend. I even got a chance to ask him a question during the Q&A section. I explained that some of his ideas sound like crypto or at least would benefit from the blockchain and asked him what he thought about cryptocurrencies in general. + +He went on to explain blockchain to the crowd (pretty articulate) and asked them to imagine being able to vote from your phone with no worries about hacking etc. He seemed to see the writing on the wall as far as the future of crypto and really understood it. He didn't offer any thoughts on regulation or anything in depth but I was pleasantly surprised. + +Are there any other candidates out there that sound excited for the blockchain revolution let alone being able to explain what it is? 👀 +I work in a call centre and recently I've noticed a growing number of Australian customers prefer to pay for their bills with Amex. Normally when I tell them we don't accept Amex they get annoyed. They always have a visa or mastercard as a backup but say Amex is their preffered payment method. We've had numerous complaints for not accepting Amex. + +Is there any benefit to paying your bills with American Express? Is it just like better frequent flyer points? I thought it used to be dead here because it was an American company but lately it seems every "business man" type customer I get is using one so I'm curious what's made people turn and if it would benefit me. +Part of my portfolio has been dedicated to short term (1-3DTE) SPX spreads for a while now, and I've been working some of the kinks out. Precisely because I've yet to work out said kinks, I've been trading with a smaller fraction of my portfolio than I otherwise might want to dedicate to such a stratey - commissions thus form a relatively higher percentage of any given trade, due to my tighter spreads. As such, part of my thinking has been "when it doubt, let it expire" to avoid commissions. + +With the short leg of one of my spreads a full \~1% out of the money at 3:30pm today, the SPX run up in the last 30 minutes of open blew through my short leg with *36 seconds left* in the trading day and wiped out my last two weeks of gains. + +Markets react violently and suddenly (particularly in the final hours of trading), and I lost a lot of money today because I stupidly and shortsightedly wanted to avoid $5 in commissions. Don't forget that your risk/reward prospectus changes drastically the closer you are to your max profit. Take money off the table and lock in profits at 70% or 80% and live to trade another day w/ a new trade next morning or a re-calibration of your strikes at a further expiration. Don't be penny-wise and pound-foolish. +I don't understand today's SPY action. After a morning dip, we get 10 green half hours in a row. This is after weeks back and forth, low range, do nothing, back and forth trading. This is when vix gaps up overnight. I don't understand who came into the office today and said "gee I still have cash to put in the market, today is the day, need to hit the buy button the entire afternoon". This is during monthly expiration when volatility should be high, it just gets crushed like an ant. doesn't even take a breath to pull back at an any point in the day....who is even left to buy? Before you tell me its vanna and charm, while the daily theta burn from puts is about a net 7 million shares needed to buy, we're coming up on 38 million shares traded right now. Can any one explain what happened today? +I’ve been wanting to pursue day trading for a living and seem to find nothing but benefits/pros for doing so. However, after mentioning day trading for a living, someone mentioned how lonely you would be as you aren’t meeting anyone, no co-workers, etc. Do you guys feel that way? And is it worth the flexibility and money? +The last couple of weeks have seen big announcements in the mortgage market that seem to take a polarised approach to the issue of housing affordability: + +[95% government mortgage guarantees](https://www.propertyreporter.co.uk/finance/budget-2021-95-mortgage-guarantee-scheme-confirmed.html) + +[Habito introducing 40 year fixed rate mortgages](https://www.theguardian.com/money/2021/mar/10/uk-40-year-fixed-rate-mortgage-habito-deposit-loan) + +**Ignore for now** the elephant in the room, i.e. housing affordability would best be solved by a ginormous home-building programme that would also provide a significant economic boost. + +This thread is to discuss opinions re government guarantees and long term fixed mortgages; which is better? Do either appeal? +I just bought my Mom a kitchen and bathroom re-model that she's been wanting for years. I paid $25K for the work but I didn't quite realize the impact it would have on her. She immediately broke into tears about how stressed she was about the bathroom (the tile was failing and you could literally see into the basement). I live in CA and she's in NY so I didn't see the house and didn't understand just how bad it was. She always worked two jobs and was always ran ragged to provide for my brother and I. Not coming from money, trading afforded me an opportunity to give back more quickly than saving alone, so I started early (in high school). + +The entire outlay was from proceeds from October. One of the beautiful components to actively trading options is the ability to realize profits more frequently than buy and hold investing. By trading products that enjoy Sect 1256 tax benefits we can still minimize our tax exposure while enjoying this benefit. + +Keep at it. I'm nothing special. We all have the potential to make it happen. + +Trade on! +&#x200B; + +>Part 1: The proxy statement has a lot of important highlights. +> +>Part 2: Capital stock, Stock Splits & Stock splits in the form of a stock dividend +> +>Part 3: A potential Crypto / NFT Spin-off or digital dividend related to GameStop's Marketplace +> +>Part 4: A look at Overstock's digital dividend, and NVIDIA and Tesla's stock split in the form of a stock dividend. + +# Part 1: On April 21st the updated 14A Proxy Statement Notice of 2022 Annual Meeting of Stockholders to be held on June 2, 2022 was released: + +&#x200B; + +>"We are asking our stockholders to approve an amendment to our Third Amended and Restated Certificate of Incorporation (the “Existing Charter”), to increase the number of *authorized* shares of our common stock to 1,000,000,000, and correspondingly increase the number of authorized shares of all classes of our stock to 1,005,000,000 in order to implement a stock split of our common stock in the form of a stock dividend (the “Stock Split”) and provide flexibility for future corporate needs. Our Existing Charter c*urrently authorizes the issuance of 300,000,000 shares of common stock and 5,000,000 shares of preferred stock*. + +"***The primary purpose of increasing the number of authorized shares of our common stock is to facilitate the potential Stock Split***. Our Board intends to approve the Stock Split, subject to and *contingent upon* stockholder ***approval*** and the effectiveness of the Authorized Shares Amendment." + +"A proportional increase in our authorized but unissued shares of common stock as a result of the Authorized Shares Amendment would also have the additional benefit of enabling the Board to issue additional shares of common stock in its discretion from time to time for general corporate purposes. ***The corporate purposes for which our Board may issue additional shares of common stock include future acquisitions***, **capital-raising** or financing transactions involving common stock, convertible securities or other equity securities, stock splits, stock dividends and current or future equity compensation plans." + +"***Except for*** shares of common stock reserved for grants pursuant to our ***equity compensation plans*** ***and*** shares of common stock expected to be distributed to stockholders to effect the ***planned Stock Split***, we ***do not currently have any other plans***, agreements, commitments or understandings with respect to the issuance of the additional shares (or the currently authorized but unissued shares) of common stock, nor do we currently have any plans, arrangements, commitments or understandings with respect to the issuance of any shares of preferred stock." + +"The a*vailability of additional authorized* but unissued shares of common stock may enable our Board to ***render it more difficult, or discourage an attempt to obtain control of, the Company***, which may adversely affect the market price of our common stock." + +THE BOARD UNANIMOUSLY RECOMMENDS THAT STOCKHOLDERS VOTE FOR THE APPROVAL OF THE AUTHORIZED SHARES AMENDMENT. + +[*https://investor.gamestop.com/sec-filings/sec-filing/pre-14a/0001193125-22-101866*](https://investor.gamestop.com/sec-filings/sec-filing/pre-14a/0001193125-22-101866) + +[*https://gamestop.gcs-web.com/sec-filings/sec-filing/def-14a/0001193125-22-113167*](https://gamestop.gcs-web.com/sec-filings/sec-filing/def-14a/0001193125-22-113167) + +&#x200B; + +# Part 2: Capital stock, Stock Splits & Stock splits in the form of a stock dividend. + +# Capital stock + +Capital stock is the total amount of stock, both common and preferred, that a public company has the *authorization to issue.* GameStop at this time has only issued common stock, of which 300M are currently *authorized* and only 75.9M are *outstanding / issued* at this time. GameStop is proposing to increase the amount of their *authorized* common stock by way of vote to the shareholders. The record date for shareholders to be able to vote on this is April 8th, 2022. + +Increases in the total capital stock *outstanding / issued* may negatively impact existing shareholders since it usually results in share dilution. That means each existing share represents a smaller percentage of ownership, making the shares less valuable as the company's earnings are divided by the new, larger number of shares to determine the company's earnings per share (EPS). Earnings per share is a company's profit divided by the *outstanding / issued* shares of its common stock. + +Despite possible dilution of shares, increases in capital stock can ultimately be beneficial for investors. The increase in capital for the company raised by selling additional shares of stock can finance additional company growth. If the company invests the additional capital successfully, then the ultimate gains in stock price payouts realized by investors may be more than sufficient to compensate for the dilution of their shares. GameStop's stock split in the form of share dividend will result in an increase to their outstanding / issued shares. **However, the outstanding / issued shares will be allocated (percentage ownership) proportionately to existing shareholders, thus will not dilute existing shareholder's value.** + +# Stock Splits + +Stock splits occur when companies increase their total number of shares outstanding, but the overall value of all their shares remains identical. As a result, splits give each shareholder more shares, but they also proportionally lower the value of each share. \[Example: You own 100 shares at $10.00 each for a value of $1000.00. After a 2:1 split, you own 200 shares at $5.00 each for a total of $1000.00\] + +GameStop has declared their stock split to be in the form of a stock dividend. We don't yet know at what ratio it intends to split its stock, but each shareholder will end up with more shares \[same total dollar value\]. + +# Important terms related to the stock split + +**Record Date:** The date on which all GME stockholders are identified to determine who will receive the stock dividend, as of the close of market. This means that if you held shares as of the close of market on the record date, you will be entitled to receive the stock dividend shares. + +**Distribution Date:** The date on which the additional shares will be distributed to stockholders of record date. + +**Ex-Dividend Date:** The date GME stock is expected to begin trading at the lower, split-adjusted price. + +# Stock splits in the form of a stock dividend + +**Gamestop is doing a stock split** \- ***not to be confused with*** **a standard declared dividend** (e.g. declared dividend where extra stock or cash must be credited per share to the shareholder, and where the shareholder value ends up higher). A declared dividend would have to come from GameStop's capital account - meaning that the value would have to be debited from retained earnings (which GameStop does not have a lot of room to play with). What we are dealing with now is a ***stock split*** (by form of stock dividend) that adds shares to your holdings but keeps the ***same*** ***equivalent total dollar value.*** A stand alone dividend paid results in your having the same amount of shares as you did before, PLUS extra cash or shares resulting in a higher net dollar value. + +In the stock split by form of stock dividend, additional shares are given to shareholders whereas in a traditional (forward) stock split already issued shares are split into an agreed ratio. No additional shares are allotted in a traditional stock split, and no changes to capital account reporting are made. + +With a stock split by way of stock dividend, this means extra shares are allocated to shareholders - and this means that naked shorts need to come up with however many shares the stock split ratio is geared to. For example, if the stock split by form of dividend is 7:1, then a shareholder will end up with a total of 7 shares for every one share owned. This presents a challenge for counterfeit / synthetic / naked shorts, as they need to come up with the additional 'x' shares by the ex-dividend date of the stock split, or they need to close their naked short before then. + +If a share has been leant out and then sold short, the lender owns the share (you own the share with Fidelity, and Fidelity lends your share to Citadel) plus the buyer (me) who purchased the leant share (from Citadel) also owns a share. GameStop will only issue the 7:1 shares back for the original share, so the market participant that borrowed (Citadel) and sold the extra share now in existence will be on the line for the additional shares unless they cover and return the share to the lender before the ex-dividend date. + +Key Differences between a split in the form of a Stock Dividend vs a traditional Stock Split: + +1. A stock dividend means dividend which is paid in the form of additional shares whereas stock split is a division of issued shares in the ratio as decided by Company. +2. In the Stock dividend, additional shares are given to shareholders whereas in stock split already issued shares are split in an agreed ratio. No additional shares are allotted +3. In a stock dividend, existing shareholders are allotted additional shares whereas the shares which are already held are divided. + +**Note: Gamestop has declared a stock split (in the form of a share dividend),** ***which is not the same as a ordinary or declared dividend.*** All eligible shareholders (not short) will receive stock dividends on the dividend distribution date. A stock split requires *all* shareholders *to receive shares only* \- unless otherwise specifically stated by the issuer in the proxy governing the stock split that an election for cash can be made. For example, GameStop would need to document that there is an option for the stock split distribution to be allocated by either cash or stock distributions. If they don't specifically provide this option, the only consideration is your receiving additional shares on the distribution date. + +**An explanation post from a year ago on why this will destroy anyone short selling GME:** [*https://www.reddit.com/r/Superstonk/comments/mqn97y/an\_explanation\_of\_why\_a\_dividend\_andor\_share/*](https://www.reddit.com/r/Superstonk/comments/mqn97y/an_explanation_of_why_a_dividend_andor_share/) + +&#x200B; + +# Part 3: A potential Crypto / NFT Spin-off or digital dividend related to GameStop's Marketplace + +**The specifics of the stock split in the form of a stock dividend are pending, and the increase of authorized shares needs to be voted on at the AGM. Could this stock dividend preclude or incorporate a spin-off?** + +https://preview.redd.it/eaqckjsg3zs81.png?width=3200&format=png&auto=webp&s=8647db36e1a8f454c75d34763807e6d68aaacebe + +GameStop is proposing an increase in the number of *authorized* shares of Class A common stock from 300,000,000 to 1,000,000,000. to accommodate a stock split, which is at this time at an undeclared ratio (while there is lots of speculation that it might be 7:1). The stock split by form of a stock dividend will result in an update to their balance sheet shareholder equity Class A Common stock shares *outstanding*. If this was just a share dividend and not a stock split, then they would need to debit retained earnings. Any share dividends are issued from their capital account, and GameStop currently has limited resources to *issue* dividends (cash or stock). Which brings to question the potential for a crypto/NFT spin-off or carve-out. + +# A potential Crypto / NFT Spin-off or digital dividend is a consideration subsequent to, or in conjunction with, this recently announced stock split: + +***Hypothetical:*** **Consider that GameStop may implement the stock split (increasing the shares owned for existing shareholders and reducing the price of $GME making the shares more affordable for new investors); and then follow this with a Crypto/NFT based dividend - similar to the court precedent set by Overstock's issuance of 'digital dividends;. The foundation for this has already been laid out by GameStop as highlighted in it's 2020 Prospectus.** + +&#x200B; + +>*GameStop could spin off their NFT Marketplace division as a separate company with its own stock, but issued as NFT units'. Shareholders would receive an NFT 'unit(s)' for every $GME share(s) they own. Any market participant that holds a short position in GME would need to provide an NFT 'unit' for their counterfeit shares - which of course they don't have. If the NFT 'unit' is issued by GameStop combined with $GME shares 'non-transferrable for a specified period of time', in such a way that shorts cannot substitute a cash equivalent for the unit offering - the shorts will be forced to cover! R.C.'s 'Checkmate'!* + +From GameStop's Prospectus: [https://news.gamestop.com/node/18961/html#supprom192873\_24](https://news.gamestop.com/node/18961/html#supprom192873_24) + +"We may issue units from time to time in such amounts and in as many distinct series as we determine. We will issue each series of units under a unit agreement to be entered into between us and a unit agent to be designated in the applicable prospectus supplement. When we refer to a series of units, we mean all units issued as part of the same series under the applicable unit agreement. + +We may issue units consisting of any combination of two or more securities described in this prospectus. Each unit will be issued so that the holder of the unit is also the holder of each security included in the unit. Thus, the holder of a unit will have the rights and obligations of a holder of each included security". These units may be issuable as, and *for a specified period of time may be transferable as, a single security only,* rather than as the separate constituent securities comprising such units." + +*Worth the read: Spin-off, carve-outs, mergers and more:* + +1. [https://www.reddit.com/r/Superstonk/comments/sjz2i3/an\_nft\_spinoff\_for\_moass\_re\_immutable\_x\_licensee/](https://www.reddit.com/r/Superstonk/comments/sjz2i3/an_nft_spinoff_for_moass_re_immutable_x_licensee/) +2. [https://www.reddit.com/r/Superstonk/comments/tszhia/gamestop\_is\_planning\_on\_dpoing\_gmee\_onto/](https://www.reddit.com/r/Superstonk/comments/tszhia/gamestop_is_planning_on_dpoing_gmee_onto/) +3. [https://www.reddit.com/r/Superstonk/comments/tv9pm7/ryan\_cohen\_killer\_of\_the\_shorts\_tesla\_overstock/](https://www.reddit.com/r/Superstonk/comments/tv9pm7/ryan_cohen_killer_of_the_shorts_tesla_overstock/) +4. [https://www.reddit.com/r/Superstonk/comments/txnwhu/checkmate/](https://www.reddit.com/r/Superstonk/comments/txnwhu/checkmate/) +5. [u/hottodoggu2](https://www.reddit.com/user/hottodoggu2/): One purpose of increasing the share number to 1 billion from 300 million, can be a stock-for-stock merger. I can't foresee any other reason why this would be needed, unless Gamestop were lining up something huge. \[can't link, can find the post in user profile\] + +&#x200B; + +# Part 4: A look at Overstock's digital dividend, and NVIDIA and Tesla's stock split in the form of a stock dividend. + +# Overstock + +[https://cointelegraph.com/news/court-tosses-out-short-sellers-lawsuit-targeting-overstock-s-digital-dividend](https://cointelegraph.com/news/court-tosses-out-short-sellers-lawsuit-targeting-overstock-s-digital-dividend) + +[https://www.forbes.com/sites/robertanzalone/2020/05/20/overstock-pays-ostko-over-4-million-shares-now-trading/?sh=746d41b5248b](https://www.forbes.com/sites/robertanzalone/2020/05/20/overstock-pays-ostko-over-4-million-shares-now-trading/?sh=746d41b5248b) + +[https://www.globenewswire.com/news-release/2021/09/21/2300565/33533/en/Utah-District-Court-Again-Rules-in-Favor-of-Overstock-com-in-Securities-Class-Action-Lawsuit.html](https://www.globenewswire.com/news-release/2021/09/21/2300565/33533/en/Utah-District-Court-Again-Rules-in-Favor-of-Overstock-com-in-Securities-Class-Action-Lawsuit.html) + +https://preview.redd.it/mkhwdauj3zs81.png?width=1302&format=png&auto=webp&s=0c0f41b3a53ff84dd77f0fdce5df49bff1711c63 + +# NVIDIA Stock Split by way of stock dividend announced May 21, 2021 with a July 19, 2021 distribution date: + +Stock split frequently asked questions: [*https://s22.q4cdn.com/364334381/files/doc\_downloads/doc\_faq/06/21/NVIDIA-2021-Stock-Split-FAQ.pdf*](https://s22.q4cdn.com/364334381/files/doc_downloads/doc_faq/06/21/NVIDIA-2021-Stock-Split-FAQ.pdf) + +*NVIDIA had less than 1% short interest (SI) during the stock split:* + +https://preview.redd.it/v0hs6j2l3zs81.png?width=3033&format=png&auto=webp&s=4ba3818475282fc3fae3fc7f118d067fddcd352a + +# Tesla Stock Split by way of stock dividend August 2020: + +Short interest and borrowing fees on Tesla were considered high at a reported 7.10% SI to float and a 0.30% borrowing fee. Note GameStop's *reported* SI and borrowing fees are *extensively* higher. Current Ortex data shows GameStop reported short interest is at 22.21%. Cost to borrow 8.72%. + +[https://www.thestreet.com/tesla/articles/tesla-short-interest-declines-as-stock-hits-all-time-high](https://www.thestreet.com/tesla/articles/tesla-short-interest-declines-as-stock-hits-all-time-high) + +[https://electrek.co/2020/08/20/tesla-tsla-surges-near-2000-stock-split-shorts-running/](https://electrek.co/2020/08/20/tesla-tsla-surges-near-2000-stock-split-shorts-running/) + +&#x200B; + +[ Tesla's 5:1 stock split in the form of a stock dividend. Announced August 11, 2020. Record date August 21, 2020. Ex-dividend date August 31, 2020. ](https://preview.redd.it/3polbk6m3zs81.png?width=1003&format=png&auto=webp&s=095d8875f215c3652b730f97fd3e7a3cd8930b02) + +Note, similar to GameStop, Tesla's short interest declined without share price appreciation the year prior to their stock split. After the dividend distribution, Tesla's shares squeezed over a period of several months. GME has less outstanding shares, less liquidity, higher borrowing rates, higher margin requirements, and as DD supports - an extensively higher hidden short interest. + +Tesla's reported short interest hit a May 2019 high of *only 43.66 million* shares shorted. GameStop had reported short interest of *over* *200 million* by FINRA report - [309.43% SI in October 202](https://www.reddit.com/r/Superstonk/comments/u2ylh7/never_forget_gamestops_short_interest_in_october/i4q9ep7/?context=3)0 and 220%+ during January 2021 'sneeze squeeze' (court docs). + +Tesla share price remained elevated after the squeeze. They have just announced another stock split, to be voted on at their October 2022 AGM. + +[ Share price reflected is after Tesla's 5:1 stock split. Multiply shares owned by 5 and then watch the price appreciation. Zoomed-in to December 2020 - it kept running after this. ](https://preview.redd.it/kxyp610n3zs81.png?width=514&format=png&auto=webp&s=00bca6383cef4e6c0f3fcfa4438fd4c6959e2cbd) + +# This is a good read in conjunction with this post: + +**Direct Registration of Shares (DRS) helps coil the spring and can help INTESIFY the squeeze. You still have time to buy GameStop and DRS your shares from a broker to Computershare! A look at the benefit of DRS and a comparison of GME to the Tesla squeeze by stock split in the form of stock dividend.** + +[*https://www.reddit.com/r/Superstonk/comments/u4a8h8/direct\_registration\_of\_shares\_drs\_helps\_coil\_the/*](https://www.reddit.com/r/Superstonk/comments/u4a8h8/direct_registration_of_shares_drs_helps_coil_the/) + +&#x200B; + + DISCLOSURE: * Information contained in this post has been compiled from sources believed to be reliable in nature. No representations or warranty, express or implied, is made by as to its accuracy, completeness or correctness. All opinions and estimates contained in this post are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this email or the information contained herein. * + +*Repost as this is a good post that got buried in new (Plus updated from the original).* + +*Edit: Amended intro from pre-announced planned increase to common shares to the official proxy statement for the AGM announcement with planned increased to common shares. Added link to Tesla article, plus commentary on short interest. Formatting. Added post to read in conjunction with this post. Added new release 14A proxy for 2022 Annual Meeting.* +“GoOgLe iT”.. I did but I still don’t understand how people make money and why it’s so risky. I get theyre predicting the price of a stock for a certain time but how do they make the money? For example I saw someone say they made a $1500 call on Tesla for Friday. Today’s Thursday and it hit $1600. How much do they gain? I’m assuming their call was good, right? +I am an Engineer by trade, and that is my current day job. The one piece of guilt I always seem to live with is constantly pondering if I should feel guilty for not really 'creating something' or making someones live better. + +I go back and forth, there is really no truly unique idea I could think of right now that another company does not have the capacity to crush me on. Whereas trading there is a possibility I could become profitable and eventually leave the corporate world. Basically, I see trading as a (potential) escape and freedom, potential.. I know its tough. + +Do you ever feel like you should be doing more for society? Or am I crazy? It just feels like a zero sum game. +I have a stream that pulls the current stock price in python. I want to store this data all day long every day for a while to build a historical database. Until now, I've been using pickle; but, loading everything from a pickle file into python, adding one item to the list, and then re-writing the pickle file doesn't seem very efficient. + +I've worked with MySQL previously, but I'm not sure that's the most efficient way to do this either. I'm sure several of you have experienced the same issue, what are your favorite ways to store stock price data? +I am getting paid **£ 40,447.20** per year for a 3-year training programme at the NHS (until September 2025). My contract is in London and a salary increment will happen in 2 years from now. I am trying to focus on saving & investing at least 20% of my home pay and keep the same quality of life for the next 3 years (with my gf). + +&#x200B; + +Home pay: **£ 2,179.68 - (**After 9.8% pension, student loans, income tax, NINO) + +Savings & Investing: Total: **£570.33** (Emergency Fund, LISA, S&P 500) + +&#x200B; + +Fixed expenses: Total: **£1213.6** + +\- Rent: £700 (Sharing 1-bedroom flat with gf) + +\- Transportation: £200 (tube, trains) + +\-Groceries: £120 (meal prepping on Sunday) + +\- Council tax: £76 + +\- Electricity: £66.61 + +\-Water: £21 + +\-Phone: £17.49 + +\-Internet: £12.5 + +&#x200B; + +Guilt-free spending: Total: **£395.75** + +\- Shopping/Eating out/Date nights: £200 + +\- Coffees/gifts: £60 + +\- Skincare: £50 + +\- Haircut: £40 + +\- Contacts: £30 + +\- Monthly Subs(Spotify,Icloud,Asda): £7.58 + +\-Annual Subs (Amex fee(25),Amazon Prime(40),Blue light card(5),Railcard(30): £8.17 +In-line with [this post](https://www.reddit.com/r/UKPersonalFinance/comments/gtvuqh/how_difficult_is_it_now_to_find_a_job_due_to/) it got me thinking of the opposite end of the spectrum for the security of everyone's finances. + +Which industries, jobs, etc will likely experience a boom as a result of the pandemic? + +In other words, if one was to retrain, move industries or jobs, where is the money at? +[https://imgur.com/a1a0P2k](https://imgur.com/a1a0P2k) + +[https://imgur.com/066Y5sg](https://imgur.com/066Y5sg) + +I told people yesterday that if my account ever reached a half mil, then I would write about the journey in detail with as many pics that I can. Luckily for me, that day is 1 day later. This number has been a dream in my head so it feels awesome typing this out…thanks for reading + +TLDR : Turned 6k into over 500k in 2 years while banging you’re wife on the side + +Background on me: 36/married/1 kid/own home/cars/boat/earn mid 100s/yr + +2020 : + +I started this Roth account in April of 2020 with 6k with the idea of being risky and turning it into something big. If it didn’t work out, oh well as I still have other accounts. I have a brokerage, 401k, IRA as well that I don’t touch all that much (basically it’s in SPY/QQQ) and has been for a while. I have traded penny/small caps with my brokerage over the years and taken out gains to pay for stuff (home down payment, cars and ect) + +Most of my experience in trading up to this point was in my brokerage where I did really well trading penny stocks/small caps during marijuana/internet money boom years + +As you can tell by the chart, I didn’t make the majority of my $ during 2020 but did pretty well on Covid stocks and tried out options trading for the first time. I didn’t yolo my whole port into my plays, but I understood the power of options (huge wins/huge losses) + +Top 5 gains/losses of 2020 below + +[https://imgur.com/PJHF5TW](https://imgur.com/PJHF5TW) + +2021 : + +Early part of 2021, I started to get a little bit riskier and got lucky on some of the meme plays. Almost hit 100k due to RKT options in March. Then I hit a patch where I didn’t really win/lose a whole lot until late in 2021. + +Fake internet money was going crazy, and I just thought it was unsustainable. I tried to find miners and etf’s that tracked it and I landed on buying puts on MARA and BITO, which was clutch as that mooned me up to 200k + +Top 5 gains/losses of 2021 below + +[https://imgur.com/ABJOvmj](https://imgur.com/ABJOvmj) + +2022 : + +Holy volatility…in the beginning of 2022 I just played the trend of going down…shorted BITO again and loaded up on inverse leveraged ETFs…I also switched back and forth between bull/bear gang gang multiple times. Lost some on some stupid plays that I was trying to force/chase that brought me down a bit in April, but refocused on the trends and taking profits…nobody ever lost money taking profits + +In terms of what I have been doing lately? Well, kinda what I’ve tried to do all the time, which is play the trends…whether that is meme stocks, short squeezes, inflation downturns…just trying to feel the market I guess…your wife likes it + +Top 5 gains/losses of 2022 below + +[https://imgur.com/gWDLncx](https://imgur.com/gWDLncx) + +I’ve also put picture of my top/bottom plays from over the years in the tax doc that etrade gives me. Note that there are some trade I played the same stock over multiple years + + https://imgur.com/x1YxxAn + + https://imgur.com/mW3qAht + +What’s Next : + +Think I’m going to take the family on vacation and take a break…and by that I mean YOLO SPY 7/22 0DTE PUTS + I've learned a lot over the past year. However, my biggest takeaway is that the average person does not have the mental fortitude to play the investing game. I think the largest reason for that is so many people are living above their means and are, therefore, living paycheck to paycheck. A major dip in the market makes people panic because they are over-invested and they know it. They aren't investing, they are gambling. + + + In the US we are currently $20 TRILLION in debt. That's not even the whole picture because our government doesn't accrue for its unfunded liabilities. Add those numbers in and we are rapidly approaching $200T! Recent statistics puts 80% of Americans living paycheck to paycheck and that around 5% of Americans are over 90 days behind on their auto loans. And if you're not an American reading this and laughing, the statistics aren't any better for most European countries. Something has to give eventually. + + + It's interesting crypto had this massive sell-off now. It may come back, it may not for a long long time. It appears that we are in consolidation period and the bottom may already be in. I don't know if crypto could ever be considered as a hedge against the traditional markets, but I do know this: if you've been around crypto since 2017 and you zoom out on these charts, it should look familiar and it doesn't look good. + +https://www.tradingview.com/symbols/NASDAQ-AMZN/ + +https://www.tradingview.com/symbols/NASDAQ-MSFT/ + +https://www.tradingview.com/symbols/NASDAQ-AAPL/ + + + Equities have been in a bull market for 10 years now. Think about that for a minute. If you're a 32 yr old equities trader on wall street you were probably coming out of college in 2009 at the end of the last financial crisis (yeah the one that was ended prematurely due to "quantitative easing" i.e. manipulation by the fed). You've never traded in a true bear market environment. The next financial crisis will be brutal and long and people will lose their shirts. I don't know when, I don't know what the catalyst will be, but it's coming sooner than many realize. + +So what does this have to do with crypto? + + First, don't be overinvested. Take care of your personal finances first. Live within your means. You can accumulate great wealth from your paycheck if you don't always have to have the "best," newest everything. Pay off your debt first, save up, then invest. + + Second, it does appear that crypto could be a natural hedge against traditional markets. Satoshi created Bitcoin out of the wreckage of the 2008 financial crisis. The next financial crisis will be crypto's biggest test. Don't be so quick to panic sell. We're already down ~80% give or take. There's a lot of room to move up and when equities start dropping investors will look to park their money in other financial instruments. Will crypto be one of those? I think for some the answer will be yes. If even a small portion of the money in equities moves to crypto, it could push the overall crypto market cap way past previous ATHs. I'm not counting on it, but at this point it would be silly to not recognize that as a real possibility. + + Thirdly, diversify. The crypto market seems to be out-of-cycle with traditional markets. I know some people try to make the case that they are correlated; to a certain extent everything is, but I think there's a big enough difference to make some serious money here. When equities, crash, buy in. When crypto moons, don't get greedy and lock in some profit. If you're only in crypto, you're not diversified. Within the crypto market, do your research and buy into projects that will weather the storms of the market cycles...we saw several shitcoins bite the dust this year because they couldn't survive the bear market. + + Finally, don't get too emotionally invested. Spend time with your loved ones. Don't watch the charts all day. You hear about these wall street bankers jumping out of windows; how sad is it that these people didn't have anything else to live for? They lost it all long before they "lost it all" in the market. Don't do that. Keep yourself grounded. Money doesn't bring happiness. It can absolutely enhance the happiness you already have, but you have it have first apart from the money. + + + + + + + +Events like the one that happened today give me confidence in holding and investing even more in Ethereum and Ethereum based tehnologies. Vitalik once again proved that he is an amazing leader and amazing blockchain guru. I am amazed in how calm he remained in event like the one today. + +Thank you! +Hello everyone, and especially hello to anyone browsing the sub with the stress of problem debts weighing on their mind this bank holiday. + +In just under a couple of hours, [The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020](https://www.legislation.gov.uk/uksi/2020/1311/contents/made) will mostly come into force in England and Wales, which creates a new scheme to give those weighed down by problem - perhaps not unsustainable, but serious - debts, a little bit of time to get their headspace better and to be put in touch with debt advice providers. + +There are two types of breathing space - a normal breathing space which gives a 60 day moratorium, and a mental health breathing space, which is for those suffering a mental health crisis that has involved the operation of the Mental Health Act 1983, or "is receiving any other crisis, emergency or acute care or treatment in hospital or in the community from a specialist mental health service in relation to a mental disorder of a serious nature", where you get a moratorium for as long as the treatment is provided, plus another 30 days. + +You can't get one directly though - it has to be via an entity regulated by the FCA to give debt advice, so, for instance, Stepchange. + +You, or, in the case of a mental health moratorium, various people (a long list, which includes your carer, social worker, mental health practitioner, IMHA), make an application to that debt advice provider, and they will decide whether it's suitable for you. + +The effect of a moratorium is threefold: + +* **no action at all to pursue the debt** - that includes no court proceedings, no evictions and most importantly for a lot of debtors, **no contact** (except where required by the Consumer Credit Act 1974 or FCA rules) - except by the order of the court +* **no interest, fees or charges** can arise during the moratorium in respect of qualifying debts +* limitation periods and deadlines get extended by 8 weeks after the end + +Most debts will qualify - including tax debts and most council tax debts and rent - and even sole trader debts if you aren't VAT registered. The usual suspect debts won't (criminal fines, debts incurred by fraud, liabilities from you causing death or personal injury, UC overpayments, student loans, family proceedings obligations etc.). + +No fees can be charged in respect of any breathing space application. + +Some more information here: https://www.gov.uk/government/publications/debt-respite-scheme-breathing-space-guidance/debt-respite-scheme-breathing-space-guidance-for-creditors + +So, for anyone reading tonight who is worried about creeping debts - talk to Stepchange or another regulated debt advice provider tomorrow. +Dude is a total Keynesian and has drank the Federal Koolaid. Almost willing to bet the phrase "It's not Quantatative Easing" will come out of his mouth. I really want to bring up something that trips up his economic viewpoints so my cousins and I have something to chuckle about when we're on the boat that I bought on Craigslist. If anyone has anything they potentially want said to slowly chip away at the Federal Reserve from the inside, now is your chance. +[**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 +I could type my whole story here since 7 Jan. Sold NONE, high xxxx holder. + +For new holders remember THIS IS NOTHING, no tiddybitty dip. We saw short ladder attacks making 350$ EOD at under 140 within 5 FIVE! minutes. + +January Halted, breaks as normal, shorted from 480$ to 220 within 30 minutes! Then next day 300$ then next 55$ then down to 40$ + +LET ME PUT THIS IN MONEY: +30k 60k, 240k, 510k BACK DOWN TO 42k, SOLD ZERO! + +This is a 18k dip today, and my pulse hasn't changed. + +Stay true to fundamentals 800-2200$ Minimum WITHOUT squeeze, that's just icing in the cake! +Yes, it will squeeze, just be Patient, burry waited over a year. + +Dfw waited over a year now. + +You have it easier than us holding since december-Start Jan. We had to go through all shorts of fud. +🙌💎🚀🚀🚀🌕 + +All I know, I am still up about 1000% so why the... SELL NOW? THAT WOULD BE THE UTTERMOST IDIOTIC THING TO DO. +Like playing a game for days, to stop and sell the game when you are at the end boss. +Hello guys, I'm renting a double room in Harrow, London. I moved in last December. My landlord just messaged saying that he wants to increase the rent from £750 to £900 in December. That's a whopping 20% increase. I'm not bothered about the notice time frame but rather the increase percentage. + +I've read on various articles that a 2 to 5% increase is fair. What are your thoughts on this? Does 20% increase after a year seem right for a double room in zone 5 given the current economic and market conditions? +Canada is now allowing banks to freeze accounts at will without any legal oversight. + +[https://www.bbc.com/news/world-us-canada-60383385](https://www.bbc.com/news/world-us-canada-60383385) + +This means, that at the press of a button, they can ruin someone's life overnight. In an instant loan payments will be missed, subscriptions cancelled, credit unavailable, all because of the power granted to the banks. + +**This is a great time to advocate for cryptocurrency as a way to keep these banks from accidentally or intentionally holding your money hostage.** + +To those who say "It'll only affect a certain group I disagree with", with anything this broad and with no accountability, do you think they will err on the side of caution or will they start blanketing this policy far and wide? Imagine for a moment that the mean neighbor two doors down realizes they can screw you over by claiming they saw you at a protest, are you willing to risk that future? +I have been going back and forth on this. + +The initial expense is reasonable. After application, course work, testing, and licensing fees it's looking to cost about $1000. I am wondering if the time invested is worth it (150hr coursework + testing + 30hrs CE every 2yrs). + +I work in the healthcare field, and do not intend to make a full career change. But my partner and I are starting out in our real estate investment and rental property endeavors, and we have been advised that this could be beneficial for us to have our own real estate licenses. + +Some suggested benefits: + +* Commission (if I did take on the occasional client) +* Access to Multiple Listing Service (MLS) +* Growth and knowledge in the field +* Networking with other investors/agents +* Better able to manage any of our own rental properties +* &#x200B; +