diff --git "a/reddit_finance_43_250k_107.txt" "b/reddit_finance_43_250k_107.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_107.txt" @@ -0,0 +1,10000 @@ +Here is a link to the full one hour YouTube interview which covers a lot of things besides Bitcoin: + +https://www.youtube.com/watch?v=S9HgIGzOENA + + +Hello, my Diamond Handed fellow apes. If you have been here forever or just joined I love you just the same. + +Edit: this is not a traditional number crunching DD. This is psyc based and communication to solve issues with FUD. If you don't need to know. Enjoy your day nothing to see here. But it is still worth a read. I done did work. + +**TLDR; FUD is everywhere. They are making a concerted effort to engage in open conversation and convince you the expectations are too high telling you the price floor should be low and not $10m at least. Your best weapons are patience, education,** **and trust in your fellow Apes. Apes strong together = getting all the mother fucking tendies in the tendiverse.** **But you should seriously read it though because it is worth a read and might add a wrinkle.** + +Welcome to the Apeship Stonks on our maiden voyage to explore the tendiverse. + +While we fuel up and do all the pre flight checks, I would like to draw your attention to the inflight screens as we watch the latest round of comical FUD from the Shill empire. + +I am sure you will have seen shills spreading low price points around, or even some confused apes with genuine questions about how it can get to $10mi+. So, sit back and relax with this pre flight video about our trip to the tendiverse and how you can get that dream floor price. + +(This is not financial advice; I am clearly drunk on melted crayons. You do you.) + +Welcome aboard the great Apeship Stonks fellow Ape traveler. I am your in-flight Ape Puppetjustice. I will be talking to you briefly about the FUD you will see out the window on our Maiden voyage into uncharted tendiverse territory. It is exciting, but we do have to go over a few items for the trip. Please keep your arms inside at all times and don’t feed the shills. + +This is a Once in a lifetime trip for the great Apeship Stonks. The Ape council has placed us all on the highest alert against attacks from the Empire of Shill. These loathsome jealous pitiful little creatures’ prey on the weak and fearful. Spreading FUD where every they can. Sometimes they can even look like fellow Apes. Trying to act and sound like fellow Apes. Trying to take advantage of Apes trust in fellow Apes. So, we here at Apeship Enterpises would like to teach you, Ape traveler, how to defend against any evil Shill and their weapons of mass FUDing. + +The cowardly Shills are so good at hiding some Apes can get confused with a member of the evil Shill empire just for asking questions. This sadly happens from time to time but remember, Ape no fight Ape. Most members of the Shill empire don’t know what one of these is ? + +They will simply spread FUD around like a baby Ape spreads poop in their diaper. They aren’t interested in whatever this is ? they just want to tell you why your wrong. Fellow Apes want to learn and want to understand. Help people understand. If they avoid this ? then they are probably a undercover member of the Shill empire. Remain calm and advise your other nearby Apes of the Shill. They will be asked to leave via the nearest airlock. + +With that out of the way…. + +If you are here, then you earned your place through hard work and dedication. You have diamond hands and diamond nerves. I respect the hell out of you, and I am proud to stand with you as a fellow Ape. + +I would like to take this time to remind you to read the amazing Ape DD provided to this community by some truly wrinkly brained Apes. These DDs are expert level within their various fields. Businesses would normally pay huge bucks for DD that accurate, and these generous Apes just handed it out. Why? That’s right! because Ape together strong. + +These are also the first steps to defending the against the evil forces of Shill and their FUD weapons so we can reach the furthest parts of the tendiverse. By understanding the DD and trusting your fellow Apes to be there with you, the Shill cowards won’t find a weak member to prey upon. But remember questions are fine, we all want to learn. ? Is your friend. Just random shouting is not. + +For our fellow Apes, we got you, relax the hard part is over. You bought your ticket. You are on the rocket ship. now hodl and read the DD you haven’t. + +We can wait there is no rush. We are patient and happy to learn. + +(Awesome intermission Jazz hold music with a funky looking Ape in a suit.) + +You’re back? Welcome back. I see some of you just checked to see if there was any new DD, because you read all the rest. Good work everyone. + +You just completed another step in your FUD defence training without even realizing. It doesn’t matter how far they kick the can down the road, we just have to be patient and hodl. Patience is just a virtue, it is a winning strategy right here right now. We win by simply being hodl. Be at one with yourself. Be happy and free from worry and doubt. + +But what did understand from the DDs you patiently read? + +We understand they have borrowed shares to short the stock of a company they thought would fail. + +We understand they thought they could drive the company bankrupt and never had to pay back the borrowed shares. + +We understand they got greedy and created fraudulent shares to make even more money. + +We understand that they now owe more shares than exist several times over. + +We understand they are spending millions a day to pretend that this isn’t happening. + +Because..... + +Most importantly my fellow Apes, we understand that all shorts must cover. + +But the Shill empire is vast and cunning and if one weapon won’t work they will try another FUD. + +"The price won’t get that high. You are setting other apes up to fail and lose everything. You Apes are evil. Get out now or their financial blood is on your Ape hands." + +This is upsetting for Apes. The thought of hurting other Apes is one of the last things we would want. We don’t want that for our trusted fellow family member. Ape together strong. Ape no fight Ape after all. + +So, is the FUD attack real? No like all weapons of the Shill empire they are just smoke and mirrors. + +Let us take one of the many examples of single digit Apes from countries or financial situations that are dire. Surely, we wouldn’t endanger this precious member of the Ape community? Would We? + +Of course not. + +Let’s look at the worst-case scenario single digit ape holds through all the ups and downs. Diamond hands through the 100k Asteroid fields of the inner solar system. Diamond hands past the 250k gravity well of the gas giants. Diamon hands past the inky blackness of the 500k inter galaxy void. Is just about to make it to the next Galaxay, the $1 million cluster of the tendiverse. Further than any space Ape has Aped before. But tragedy strikes. Just before we arrive, sadly the Ape in dire straights in hurt and falls into a mysterious coma. She misses the entire trip. OOOH no! + +In a horrible accidental coma, she misses every chance to get unthinkable amounts of bananas as we cruise the farthest reaches of the tendiverse. Only to arrive back on earth missing the whole thing. Waking up at the end of the wild ride. + +Luckily the great Apeship Stonks tickets are still worth money, even after the trip has finished. + +Gamestop will not go bust. The target price is way above where we are now. Even when the MOASS happens everyone is buying back in because we like the god damn stonk. + +So, fear not fellow Apes our single share coma patient Apes will be just fine even if they missed the whole thing. They will still have their golden ticket for the next ride or to cash in if they need it. + +So how far can the great Apeship Stonks go? + +Well, that is up to us fellow Apes. This is why there is so much FUD from the Shill empire and their evil overlords. + +They must buy the stonks we Apes hold. The DD is clear, the numbers are clear. The wrinkliest of Ape scientists reviewed and check the figures. There are so many fraudulent shares out there they have to do it several times over as well. + +But what if the hedge funds get a couple of shares and just trade them back and forth. + +Well, that’s not how it works. + +Remember earlier how we talked about they borrowed a share. Those shares were fake. When a company is large enough and has enough bananas in the tree, they are trusted that even if something weird happens they can still afford to pay however many bananas needed for the share they leant out. So, they are trusted to lend shares that aren’t real, on the trust that they will spend the bananas needed to go get a real one when it is due if they have too. + +These are still owed. + +They don’t want to buy the Apes shares. Apes are all asking for $10 million bananas a share. That is ridiculous. + +The owners of the company aren’t selling. Without these shares they can’t maintain control of the company. + +The huge King Kong Apes and space whales aren’t selling either. Why wouldn’t anyone sell something priceless for pennies? + +If the short sellers can’t produce the shares their assets get liquidated, and the clearing houses go to the market and buy what ever they can at the price is there. + +Now on a normal trip into the tendiverse no Ape has ever had the chance to steer the ship. Apes have always been passangers having to jump off at the stops along the way. + +But this is our ship. We own the ship; we decide where it stops. We have formed the single greatest democratized investment in the history of the world. + +Stop and think for a second Ape, how truly amazing you are. To be part of a world shaping event. Not by luck, not because you didn’t know. You did this for yourself, for your family, your friends and your community. Don’t let any Shill ever try to convince you, you didn’t deserve to be here with all of us. + +The old ways don’t work. Apes together have weathered 3 months of constant attacks from the evil overlords of the Shill empire and their weapons of mass FUD. Here we are, still here strapped in and more diamond handed than ever. + +This spaceflight is a giant game of chicken. How far can you fly into the tendiverse before pulling the rip cord. + +If everyone holds on, the price goes up. Remember, all shorts must cover. If everyone holds for the center of the $10 million tendiverse. Well buckle up buckaroo we are setting course and on our way. + +Normally we wouldn’t know when the other Apes were getting off, so we would make our plans to keep ourselves safe. This is different. We are all in this together. We all win together. All we have to do is Hodl + +Just Hodl and get off at the end. + +As I said at the start. I respect the fuck out of you just for being here with your ticket in hand. That takes serious diamond hands. + +If you want to get off early. That is on you. You lose nothing by sitting on the ship and seeing how far the ride takes you. You brought your ticket already. You have done your part. Sit back and enjoy the ride. + +But what if I missed the peak? Was that the peak? Was that the furthest we go? + +Look to your left, look to your right, are Apes still there? Course we are. Never before have people been able to check that their fellow Ape passengers were not only on the flight but jacked to the fucking tits about it. + +As we discussed the great Apeship Stonks has to come back stops at and any point on the way back down. The cruise around the Tendiverse will take days, weeks even. You will not miss the view just because you were distracted ordering from the inflight drinks and crayon cart. + +As with the worst case scenario, even if you did (like our tradgic one stock Ape) fall into a coma and miss the return flight, you ticket is still valid for travel to the island of $GME profits. + +We own this ship. We set the destination. Even if we miss the uncharted outer limits, we will still be cruising the stars. + +So, with this in mind, do you still worry about the Shill empire and their FUD weapons. + +“Careful Apes, you might only get 9 million bananas for your friends and family. WooOOOooOoOoo, scary amounts of taxes to pay to make your country better and help your society. HooOOeOOOwOOWOeee. Beware your shattered dreams of only having 900,000 bananas. Fore shame on you and your ancestors for daring to rick it for a better life. Fore Shame.” + +Apeship travel agencies would like to express our heartiest Fuck Offs to the Shill empire and their evil overlords and wish fellow Apes the greatest of adventures now and in the future. Wherever the Great Apeship Stonks take you, fly with pride you beautiful diamond handed beast. + +Suck my hairy Ape nuts KG and your other hedgie short scumbags. + +Add up all your stuff, divide it by the number of apes on board, hand it over and then Fuck Off. + +Thanks and enjoy your flight. +This is a no brainer for me. We own the float. We've already won. The Game has been Stopped. We are just waiting for the other players to finally accept their defeat. + +And we are going to do amazing things with this generational wealth. We will actually change the world for the people. Why? Because we are the people. We are not greedy corpos. We have seen struggle, we have persevered, we have done our due diligence. + +And we will see this Game to the end, where we will finally collect our rewards. + +#🦍 Ape Together Strong 🦍 +So as the title says I‘ll buy ETH instead of building a new house. I‘m 25 atm and I really belive in ETH and see it as a longterm investment, so I have no stress in selling. I already transfered the money to my wallet and just wait for a good moment, like $700 to go all in. Some of you will tell me „just invest what u can lose“ or „don’t invest all at the same time“ but for me it would be worse to not invest and lose a 1 time chance then invest and lose it all. Call me crazy, but I‘m a person who likes taking risks and I‘ll just freak out in some years when eth is at ATH or even higher. If it drops again over the years, then I‘ll just buy more ETH :) That‘s a good story for my children some day on how I got rich. Take the risk or lose the chance. If I make crazy profits in some years then I‘ll get a tattoo of ETH and also mark my sportscar with „powered by ethereum“ :) I just have a good feeling about it and it‘s my only chance to escape the „normal life“ and level up. Life has more to offer then just going to work all day and, time is important to me. I don’t need to be super rich, I just wanna life the day like I want and don‘t have to think about work or stress, that‘s all I want. I‘m currently working as an insurance agent, so stress is my enemy every day. That’s why I have so much hope in that investment. If I fail then it was a good try, but if I win then it was the best decision in life! + +Call me a gambler etc. but we are all gamblers, no matter how good u know about kryptos or stocks, nobody can really tell the future, so we are all gambling more or less. Oh and I don't invest to be able to get a bicycle someday, I just invest for financial freedom, that's all I want, so my brain is not stressed out 24/7. +The valuation on Tesla is now beyond the absurd. + +Whilst European EV sales explode to presently 19% of all car sales this year, Tesla does not even make the top five EV sellers by company at a lowly 7%. (VW 25%; Stellantis 13%; Daimler 10%; BMW 10%; Hyundia-Kia 9%). + +Tesla, unlike in the US, is simply being outsold by the vast array of alternative BEV models on sale particularly. VW group alone offers the e-up, ID3 and ID4 (ID5 not yet on sale); Audi e-tron, e-tron Sportback e-tron GT and RS e-tron GT; Cupra Born; and Skoda Enyaq + +In China Tesla has been pushed into 3rd place this year by BYD which has seen EV sales grow from 53K Q1; 98K.Q2; 183K Q3. Tesla meanwhile has seen China quarterly sales for 2021 flattish at 69K, 62K and 75K. China will likely sell 3 million EV's this year, half the worlds volume and Tesla sales are flat for the year. Tesla might sell a lowly 9%. + +Tesla dominates the US markets of course, where few EV models are on sale. EV sales might be 3% of automotive sales. + +Whilst investors will assert these stats do not.matter and Tesla's valuation is all about tech, batteries and robo-taxis, it still does not sell any car related tech beyond its own cars. Take up of FSD is a lowly 11%. It still buys it's battery cells. By its own statements it has a level 2/3 driver assist whilst companies like Waymo are already starting to offer level 4/5 robo-taxis in cities like San Fran (a free trial program has commenced). + +With Tesla slipping badly in the two biggest and mature EV markets globally, it's EV mkt share has fallen from near 18% highs in 2019 to 14.7% YTD in 2021. With Europe and China likely to see 20% EV sales, the Tesla domination of global car mkts story is looking utterly flawed, yet its market capitalisation is now than the entire companies combined that sell 99% of cars and are adding EV's faster. + +Tesla is frankly trading at utterly ludicrous levels given the clear reality of global EV market growth. + +(These figures all verifiable with CleanTechnica and InsideEVs) +27yo, Based in Sydney, don't own anything but a shitty car. Due to a passing in the family I inherited roughly $2 Million. + +I've read the simple guide to wealth and a couple of other books to get a baseline understanding of things but I would like to speak to a professional, and one that deals in large sums of money like an inheritance. + +I make ~80K a year so don't plan on stopping working. + +And yes, I haven't told anyone, except immediately nuclear family who know for obvious reasons. + +Recommendations are much appreciated. +https://www.wsj.com/articles/worried-about-your-tax-bill-hedge-fund-star-john-paulson-owes-1-billion-1523458528 + +To put it in perspective, $1 billion in income tax is about the same as the bottom 50% of US taxpayers pay collectively. +I'm adding a new hashtag: + +# #DontInvestWithKen + +Citadel Advisors is a hedge fund. Duh. *But where does Citadel get funds to invest,* I mean, \*cough\* *short GME* \*cough\*? + +**INVESTORS.** + +*Who are Citadel's investors?* + +No fucking clue. They're not going to release their investor list. But there are ways to find out because, unfortunately, **public pension funds are invested with Citadel**. + +*What are public pension funds?* + +Public pension funds are where a certain group of employees pool their retirement dollars and invest that money together. These are police, firefighters, teachers, other state/local employees, etc. They've got a lot of money to invest, and a portion of their money goes into "alternative investments." That can mean a lot of things... but it includes hedge funds. + +Citadel gets money from these public pension funds and invests that money. *Pensions & Investments* ranks Citadel 9th on their list with [$37.6 billion managed as of July 1 2021](https://www.pionline.com/special-report-hedge-funds/multimanager-funds-changing-industry-hurdles-remain). (It's a portion of their hundreds of billions of assets managed). Citadel also appears to have an entity called *Citadel Securities Institutional LLC* where some of this money goes. + +# Citadel gets money from public funds around the world, here are some examples + +[Colorado Fire & Police Members' Benefit Investment Fund](https://fppaco.org/PDF/annual-reports/2020-Annual-Report-FPPA.pdf) + +$57 million invested, and you paid Citadel $523k in fees last year. + +https://preview.redd.it/jkucren5qfs71.png?width=501&format=png&auto=webp&s=8aaf2358256edb286bd48ead7296ba0a7ee8e8c5 + +https://preview.redd.it/0j5t7nt6qfs71.png?width=567&format=png&auto=webp&s=47075519fc91dd6b28c7d38301205b4aea50c697 + +[New York State and Local Retirement System](https://www.osc.state.ny.us/files/retirement/resources/pdf/comprehensive-annual-financial-report-2020.pdf) has paid some commissions to Citadel Securities Institution LLC, no idea how much invested: + +https://preview.redd.it/l7repc2iqfs71.png?width=423&format=png&auto=webp&s=aa32cde4ba9cd123435ecbcfc6de8182adb7ea21 + +https://preview.redd.it/aavz4f5jqfs71.png?width=806&format=png&auto=webp&s=480864c1651bd08747a602695ee292c0b3f73d0e + +[Teachers' Retirement System of Oklahoma](https://oklahoma.gov/content/dam/ok/en/trs/documents/CAFR-FY2020.pdf) also paid commissions to Citadel Securities Institution LLC, no idea how much invested or what "shares" means: + +https://preview.redd.it/peapxl3lqfs71.png?width=411&format=png&auto=webp&s=d6f4a240c4b698e88aa59b3b80e655e98066e518 + +https://preview.redd.it/g08r7onmqfs71.png?width=466&format=png&auto=webp&s=804d3cb2ec642d64633d0653456cf58877eca2e2 + +Let's move to some international examples. + +["futurefund" - Australia's Sovereign Wealth Fund](https://fppaco.org/PDF/annual-reports/2020-Annual-Report-FPPA.pdf) \- shows Citadel Advisors is one of their alternative investment advisors. No idea how much they're managing. + +https://preview.redd.it/mryy5r4oqfs71.png?width=318&format=png&auto=webp&s=39506306095defe4e1853ba08158d18b5b0812f7 + +https://preview.redd.it/ux4ap6ipqfs71.png?width=695&format=png&auto=webp&s=881dc1d8a6ee3687a6d080630b0785b413198881 + +The CERN Council's [annual report as of year end 2020](https://cds.cern.ch/record/2774013/files/English.pdf) shows Citadel Advisors is an external investment manager: + +https://preview.redd.it/c5xxuqkqqfs71.png?width=341&format=png&auto=webp&s=adfbaf7e92bc1fe11efbb55c2137a8090858b26c + +I'm tired of Googling this stuff, Citadel is everywhere. + +# Don't like seeing that? What can you do? + +First things first: are you a public worker who has a a pension fund, or some other kind of pooled retirement plan? + +If so, you should be able to figure out what your pension fund is invested in. The administrator might not provide the specific managers/funds in public disclosures, so an email, or maybe a FOIA request (US), should be able to get you that info. + +Then, if your pension fund invests with Citadel, and you don't like that, take action: + +* Let your pension/fund administrator know. It may be an "investment committee" or "investment council" who make decisions on where to invest - send them an email. +* Let your local politicians know. +* Write a letter to the editor in your local newspaper. +* Make a stink. Throw some poo (figuratively, not literally) on social media if needed. + +Be respectful, but let people know you are not interested in investing with Citadel and point them to facts like 60+ FINRA violations, lying under oath, etc. + +I won't pretend to understand the legalities of turning your money over to a fund investment committee, but surely you can at least voice your opinion. And if you find your pension fund is invested with Kenny G post it here so other apes know! + +Will this hurt Kenny G and Citadel? I don't know. The money is probably locked up, but maybe it will prevent future investments. And that will get the hedgies in the one place that hurts more than a kick in the balls: their pocketbook. + +This is of course not financial advice and every ape can make their own decision. + +🚀🦍💪💎🙌 + +[https://www.kengriffinlies.com/](https://www.kengriffinlies.com/) + +\#KenGriffinLied + +\#CitadelScandal + +# #DontInvestWithKen +The tenant has been underpaying since covid started, saying he had his job reduced significantly. He’s currently owing $4,000 and is asking if I could cut that to $2,000. He’s been here since 2018 and had been paying on time. I’m leaning on offering a longer time for him to repay the past dues but I’m hesistant on offering any reductions because the mortgage and taxes and HOA, especially if he moves out later and I’m left with a vacant property. What would you guys do in this case? Novice investor so really appreciate the thoughts! + ⚡️This presale will be 7 Digits and is gearing up to be the largest of the year! This isn't your average dog/cat coin, this one is a future multi-billion project💵 + +⚡️100xCoin, BSC Army and Launchzone have joined forces to work together and build a swap platform on Matic chain. + +CremePie Swap is going to be one of the FIRST & TRUSTED AMM and DEX on the Polygon (Matic) Network + +⚡️What if you could invest in PancakeSwap when it first launched? + +$100 would be would $100k right now...sounds like a dream for most of us and such chances occur once in a lifetime if you are lucky!🤑 + +**Goals🚀** + +⚡️This will be a REVOLUTIONARY collaboration to build a cross-chain ecosystem that will bridge two chains together (BINANCE AND MATIC) + +MATIC (Polygon), is a network much like the Binance Smart Chain that offers lower fees than Ethereum or other networks. + +CremePieSwap takes advantage of these lower fees and combines them with low decentralized exchange fees so users are always working on the lowest cost exchange. + +**Team 🦍** + +⚡️The leading dev team already has multiple successful projects to their name like 100xCoin and BSC Army, along with LaunchZone + +They definitely have what it takes to lead a project of this magnitude **AND THEY ARE DOXXED**✅ + +CZ Binance follows all 3 Twitter accounts and even Retweeted Ken The Crypto’s tweet yesterday! If this isn’t a bullish sign...I don’t know what is!!!🚀 + +[https://twitter.com/KenTheCrypto/status/1410920667503943683](https://twitter.com/KenTheCrypto/status/1410920667503943683) + +Cream Pie Swap might just be the best investment of the year!!! + +**Important Dates: 📆** + +**Today**, July 3rd at 8pm PST + +\- The Official Whitelist Registration + +**July 12th: 📆** + +\- Private Whitelist Launch + +\- Full Public Whitelist IDO Launch + +\- Official Launch Date (DEX, Token, Listing) + +**Official Project Pages:** + +🌐**Telegram**: [https://t.me/cremepieswapofficial](https://t.me/cremepieswapofficial) + +💻 Website: (Coming Soon) +I have come to realize that it isn’t enough to buy and hold the underlying security. You should be compensated for it. Those dividend payments definitely add up and can, if dons right, be good supplemental income +Basic question - what is going to happen to all the Emerging Markets ETFs (like EIMI) when either MSCI or FTSE will consider China as developed market? Will all Chinese companies suddenly leave the EM indexes(and in result ETFs that track them) and move to DM ones? Will that cause a major rebalancing in various ETFs(so that China goes into DM ETFs and many "bottom" companies will get dropped from DM indexes etc.)? Will it affect the prices? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* 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! + +* Don’t tell people to hold the line. + +* Encourage newbies to periodically profit take. Also take profit yourself. + +* Don’t blame the system if you buy the ATH and other people take profit. + +* You won’t time the top perfectly, try to aim within 10-20% of the top. + +* **Don’t get emotionally attached to the stock**. The stock doesn’t even know who you are. + +* If you buy in because a stock did the same thing 3 days in a row, don’t get mad if it doesn’t do the thing a 4th time. + +* If you don’t have an exit strategy for your FOMO position, you are **guaranteed** to lose money. If you did not get in on the ground floor, your profitability window at the top is much tighter. + +* If you wouldn’t enter a stock/option at the current price, you shouldn’t be holding at the current price. + +Edit: You can be a degenerate gambler and still do all of this. Now go MAKE money you special ed dropout. + +EDIT2: I am getting messages accusing me of being a hedge fund shill. I shouldn't have to defend that I'm a real person who shitposts on this sub. This post is not intended to tell you to sell your position in any stock. Just calling out some bad things I've been seeing since a certain mall-based specialty retailer took over discussions in this sub. +I have this irrational fantasy of wanting to go back to an elite school, like Stanford, after fatFIREd. + +I’d love to learn unrelated things besides engineering, eg. stock market related classes, or even art/linguistic classes. + +What do you guys think? Foolish? Fun? +So I just received a call from a collection agency saying they are trying to collect on a $14,000 private student loan that I had co-signed for my ex-wife 2 years ago before we got married. I think I am fucked because apparently i'm not eligible for the "co-signer release" which is a option with some banks after 12-36 months of consecutive payments through the collection agency that called me. + +Apparently nobody at the collection agency can reach her, and it's likely she won't respond to my Facebook messages. I told the guy over the phone that there is no way in hell i'd pay on that loan, but he said that the interest rate for the loan is 10.26% and that there is currently $122.53 of interest on top of the loan and it'll only go up as long as it sits there and nobody pays. + +So I need some advice and options. How badly will this affect my credit if I let it go? Basically in the debt collector's minds her and I are equally responsible for the loan, so if I let this go and "forget" about it then it'll affect my credit just as badly as hers' right? + +I don't know what to do. The only way I would pay anything on this loan, is if I somehow got a hold of her and she agreed to pay the majority of it and I would supplement the payment somehow. I have my own student loans to pay ($48k), and I just started building my credit back up when I get hit with this shit. + +Thanks for reading. + +Pro-tip: Don't co-sign anything for anyone. + + +**Update:** Thank you (some of you) for your helpful replies. I did get a hold of my ex, and she said she will call the debt collector today to see if she can get my name off of the loan. Whether that happens or not, I don't know yet. I'll update if I learn anything new. I also called my attorney and left her a message, and i'll update about that when she calls me back. I agree with some of you that the likely scenario is that they won't just take my name off of the debt even if she requests it because this way they have two people to go after for the money instead of just her. I will also inquire to see if someone else in her family would be willing to sign something that says they'll be the cosigner for the balance. If that doesn't work, and she skips out on the payments then I fully understand that i'll be responsible for it. In that case i'll try to get the whole amount over to my name so she doesn't benefit from the re-payment as far as her credit. I will update when I learn more. +I'm 19 and so NOT an investor but with all the hype around cryptos, I did some light research and ethereum got me excited. Invested before Christmas, everything plummeted, but just saw that I'm IN THE GREEN and have made $3.45!!!! Pocket change I know, but as a total newbie it feels awesome to see I've made money thru investing. +Edit: to everyone offering advice: thank you so much! As I said I'm very much an amateur but am seeking to learn as much as possible. Your advice is very welcome. +Kiba Inu is multi-chain project on both ETH and BSC and you can bridge between the 2 networks. It's not just a meme token as we are building utility unmatched in the crypto space.(see below). If you are on the fence still even after reading everything here, I urge you to join the Telegram channel. There is a wealth of information there along with a bunch of Crypto OG’s. The dev team is always on vc. Monday was the very first Kiba Twitter Space and there were over 700 participants. Kiba Inu has the strongest community backing In the space! GUARANTEED🔥 + +\&#x200B; + +&#x200B; + +✅22,500+ BSC | ETH Holders + +✅12,500+ Twitter Followers + +✅5000+ Telegram Members + +✅Partnership with [Superbid.io](https://Superbid.io) + +✅Exchange listing at Bitmart Exchange + +✅Partnership with Ryan Garcia + +✅Partnership with Tory Lanez + +✅Partnership with Logan Paul + +✅Partnership with Collin Sexton + +✅Billboard purchased near entrance of SpaceX + +✅Other exchanges in the works + +&#x200B; + +😳😳😳😳😳😳😳 + +&#x200B; + +TOKENOMICS + +Total supply = 1,000,000,000,000 + +🚨Sells within the first 24 hours of initial purchase will be taxed 25% to punish sellers and increase Kiba Inu's value.\* + +🚨1% Reflections 8% Marketing Wallet🚨 + +&#x200B; + +🔥UTILITIES UNDER DEVELOPMENT🔥 + +&#x200B; + +💰Kiba Swap💰 + +&#x200B; + +Kiba Swap is more than just a place for holders to swap for $KIBA tokens. 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The honey pot checker also supports both BSC and ETH chains + +&#x200B; + +🚨🚨LINKS🚨🚨 + +&#x200B; + +BNB Chart \[[https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180](https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180)\]([https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180](https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180)) + +&#x200B; + +ETH Chart \[[https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104](https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104)\]([https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104](https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104)) + +&#x200B; + +\&#x200B; + +&#x200B; + +TG Portal - \[[https://t.me/KibaInuGlobal](https://t.me/KibaInuGlobal)\]([https://t.me/KibaInuGlobal](https://t.me/KibaInuGlobal)) + +Announcement Channel - \[[https://t.me/kiba\\\_eth\\\_official](https://t.me/kiba\_eth\_official)\]([https://t.me/kiba\_eth\_official](https://t.me/kiba_eth_official)) + +Chinese TG - \[[https://t.me/KibaInuCHINA](https://t.me/KibaInuCHINA)\]([https://t.me/KibaInuCHINA](https://t.me/KibaInuCHINA)) + +Website - \[[https://kibainu.space/](https://kibainu.space/)\]([https://kibainu.space/](https://kibainu.space/)) + +Twitter - \[[https://twitter.com/KibaInuKiba/](https://twitter.com/KibaInuKiba/)\]([https://twitter.com/KibaInuKiba/](https://twitter.com/KibaInuKiba/)) + +Reddit - \[[https://www.reddit.com/r/kiba\\\_inu/](https://www.reddit.com/r/kiba\_inu/)\]([https://www.reddit.com/r/kiba\_inu/](https://www.reddit.com/r/kiba_inu/)) +I have traded for almost a decade now (stocks, options, futures) and after watching ETH go from $0 to $1400, I have finally scaled into a position for just less than $400. +I have waited patiently for this retest and just wanted to comment that I’m excited for the future! +You might be a bunch of retards with no qualification, but looking at the market you came up with a solid trade idea,aka making the shorts bleed, you somehow coordinated and you stuck with it even when it seemed like it could turn against you. + +It's pretty difficult to know how much impact this sub had on the actual catalysis of the short squeeze, but it's gotta be considerable. You demonstrated that this sub is a force to be reckoned with, and even if many boomers still do not acknowledge it, it's the truth. You didn't let them bully you into an exit. + +Just keep holding those shares, because you'll bankrupt them. +I have to pay 6 figures in taxes next year. I am a new business owner. Business is going very well. I have the the money in a business account. + +My fear is that it will lose value do to inflation. + +Help? + +My ideas so far: +1. Leave it all in the bank, &amp; pay taxes with it next year + +2.Invest it into low volatility index funds. + +3. Invest into a dividend aristocrats + +4. Yolo GME calls. (This is a joke. I use humor to ease my stress) + +Thanks in advance for your help and support. +We are having a big issue with private equity, if the company is working ok they get private funding and keep it to themselves, if the company is not going to work in the future they pump the brand and do an overpriced IPO, and exit. It's true for now and I think also for future big brand listings. + + +Just look at Ather Electric bike, really successful now and could make expansion plans with IPO but they won't do it, we have very unequal wealth distribution so they could always get more money from private investors than going to the public by doing an IPO. + + +FYI the Top 10% of people own 57% of all National Income in India in 2022 +One of the most concerning aspects of the current market crisis is this [chart](https://s3.amazonaws.com/blackrockblog.com/content/uploads/2019/09/BBB-bond-share-of-corporate-market.jpg). Almost half of the investment-grade corporate debt is BBB-rated and just one step over the non-investment grade. + +Coronavirus was an unexpected event that shook the markets and triggered huge sell-off and dislocations, however, the actual effects of the slow-down are yet to come. Once BBB-rated corporate bonds start losing their investment-grade status, liquidity will dry up for these guys. +I like to check out some of the subs who hate us from time to time. I can't really explain it, but reading the ridiculous narratives that are trying to be spun by these people helps to solidify my diamonds hands even further. Just the fact that those subs exist is confirmation bias for me. + +While there are several users who stick out as having an agenda and post more then average; There is one who I've been seeing with more and more frequency. I decided to check the post history to see just how crazy it was. HOLY SHIT GUYS!!! I might have lost count, but roughly 543 posts in a row were nothing but bashing on us. That's absolutely crazy. The irony of course is how these posts all center around just how crazy we are... + +I can't say who it is due to brigading rules, but it wouldn't take a ton of research to figure it out and confirm this. I would appreciate if some apes could do so in the comments. (Confirm they exist, not tell who they are) + +Most of us have suspected the presence of paid shills for a long time now, but if the frequency of this users posts is any indication, they've really taking it up a notch roughly 28 days ago. Stay vigilant my fellow Apes. They're coming for you. +[https://www.marketwatch.com/story/coronavirus-creates-a-market-of-haves-and-have-nots-with-the-dow-posting-its-best-2-week-run-in-82-years-amid-22-million-job-losses-2020-04-18?mod=home-page](https://www.marketwatch.com/story/coronavirus-creates-a-market-of-haves-and-have-nots-with-the-dow-posting-its-best-2-week-run-in-82-years-amid-22-million-job-losses-2020-04-18?mod=home-page) + +I'm off the market until sanity comes back. +Late last year, Congress scrapped Obama-era rules from the Consumer Financial Protection Bureau that would have banned forced-arbitration clauses in financial contracts. This bill, which President Trump quickly signed, was self-evidently bad for consumers at the time—and if anyone needs further proof of how ridiculous and harmful these clauses are, just look at what Wells Fargo has been up to over the past several months. The mega-bank famously issued at least 3.5 million fake accounts without consumer consent, triggering a $185 million fine to state and federal regulators. The bank aimed to demonstrate sales growth to investors and boost the stock price with bogus numbers, but millions of customers got caught up in the exchange, paying unnecessary fees and taking hits to their credit scores. Scores of defrauded customers sued Wells Fargo in a series of class-action lawsuits. + +Wells Fargo then tried to defy metaphysical reality: It moved to block one class-action case in Utah by claiming that the arbitration clause in customer contracts on the real accounts they held at the bank also applied to the fake accounts. By this theory, Wells Fargo customers signed away their legal rights when it came to accounts they didn’t even sign. https://www.thenation.com/article/the-ceo-of-wells-fargo-might-be-in-big-big-trouble/ +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). + + +Your markets are run by bots. Now your daily threads are too. + +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) + +Posts relating to the "Is [r/ASX\_bets](https://www.reddit.com/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). + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +There goes my chances of getting into the tech field/IT. I’m tired of the rejections. I’m debating on whether or not finishing school because I don’t want to graduate college and be in this same position 3 years from now. Gas is 4.50 a gallon and im a delivery driver basically fucking up my car working here. I can’t keep working at dominos for three years while paying rent, maintenance on car, and college.. this is too stressful. +From their [TOS](http://www.equifax.com/terms/): + +>AGREEMENT TO RESOLVE ALL DISPUTES BY BINDING INDIVIDUAL ARBITRATION. PLEASE READ THIS ENTIRE SECTION CAREFULLY BECAUSE IT AFFECTS YOUR LEGAL RIGHTS BY REQUIRING ARBITRATION OF DISPUTES (EXCEPT AS SET FORTH BELOW) AND A WAIVER OF THE ABILITY TO BRING OR PARTICIPATE IN A CLASS ACTION, CLASS ARBITRATION, OR OTHER REPRESENTATIVE ACTION. ARBITRATION PROVIDES A QUICK AND COST EFFECTIVE MECHANISM FOR RESOLVING DISPUTES, BUT YOU SHOULD BE AWARE THAT IT ALSO LIMITS YOUR RIGHTS TO DISCOVERY AND APPEAL. + +Before people say this is just for general Equifax products, if your information is found, ~~you are automatically subscribed to their TrustedID service.~~ Wrong on my part; you're given a date to manually enroll. The fact that by signing up, that you sign away your right to sue is still important. + +Also, can we talk about how sketchy this website is by itself? + +Here's the WHOIS for [equifaxsecurity2017.com](https://www.whois.com/whois/equifaxsecurity2017.com): + +>Registrant Contact + +>Name: Domain Administrator + +>Organization: DNStination Inc. + +>Mailing Address: 3450 Sacramento Street, Suite 405, San Francisco CA 94118 US + +>Phone: +1.4155319335 + +>Ext: + +>Fax: +1.4155319336 + +>Fax Ext: + +>Email:admin@dnstinations.com + +WHOIS for [equifax.com](https://www.whois.com/whois/equifax.com): + +>Registrant Contact + +>Name: Domain Admin + +>Organization: Equifax Inc + +>Mailing Address: P.O. Box 740006, Atlanta GA 30374-0006 US + +>Phone: +1.4048858000 + +>Ext: + +>Fax: +0.0000000000 + +>Fax Ext: + +>Email:hostmaster@equifax.com + +They're literally doing the exact thing a financial website shouldn't do. Rather than devoting a subdomain of the Equifax website like where they made the announcement, [investor.equifax.com](https://investor.equifax.com), they registered a domain that literally anyone could register. Yes, they did [announce it in a press release](https://investor.equifax.com/news-and-events/news/2017/09-07-2017-213000628), and many sources have reported on it, such as [WIRED](https://www.wired.com/story/how-to-protect-yourself-from-that-massive-equifax-breach/), [Ars Technica](https://arstechnica.com/information-technology/2017/09/equifax-website-hack-exposes-data-for-143-million-us-consumers/), [Snopes](http://www.snopes.com/2017/09/07/equifax-data-breach-exposes-identity-theft/), and more. Even still, this was just a giant fuck up on their part, especially since it was revealed that they delayed the release of the fact that the breach happened while [multiple shareholders divested from the company](http://abcnews.go.com/Technology/wireStory/equifax-executive-sold-stock-hack-revealed-49692899) to avoid the shitstorm that they knew would hit their stock. +Me and my partner (mid 30s) have decided it will be too much of a financial struggle to start a family. Wondered if anyone else is in a similar position? A few years ago we thought we might be in a better position by now, but no, our salaries have stayed exactly the same while our living costs have gone up. + +We're both very good with money, have never had more than a couple of hundred quid in credit card debt, but have been leeched by expensive London/South of England rents over the years (our work really is only in this region). + +Some of our friends have had a lot of financial support from their parents so they could have kids. Others have been stung by childcare fees and the unexpected general cost of kids, and have racked up a lot of debt. I know priorities change when you have kids, but there really is nothing we could physically cut back on. + +It's sad but I don't want to be a stressed parent. I grew up in a poor home and it's taken me 15 years to get to a point in my life where I'm not constantly panicked about how little money I have. I dread having that feeling again, and potentially with a young child. + +Edit: I'm finding everyone's decisions, opinions and stories fascinating, thank you! +They shut the buy button off before and got away with it. And yes, they need an active buy button to close their short positions. However, once MOASS begins, do you really think they're going to allow retail to drive the price up with their FOMO buys? Unlikely. Those shares are going to hedge funds, banks, and the super elite that need them. This will not be a buying frenzy peasants like us will be apart of. + +Also, I'm sure most of you have gotten used to the luxury of trading fractional shares. It's not a right brokers are required to provide their customers and they can take it away at any time. When the share price reaches $1 million, if you don't have $1 million in your account, then you simply can't afford the stock. + +Maybe you'll make a millions of dollars, but once MOASS starts, they can also turn off margin accounts completely, which means if you don't have $1 million in settled cash, you cannot buy anything. You'll need to wait a full 3 days for your funds to settle, and at that point, the stock could be 10x more than when you sold. + +If you try to sell, hoping to buy more shares back at a lower price, there's a good chance you won't be able to. You're playing with fire. + +When you decide to sell, I strongly suggest it's to close your position for good. Personally, I don't even know what an exit strategy is. + + +Good morning Apes + +Expect fuckery. This is a CRAZY week on the options side. The hedgies absolutely cannot lose control of the price this week, they will use every trick and cheat that exists this week. + +I don’t think this is a week where anyone is worried about max pain. This is a week where hedgies just need the price as low as they can get it to avoid those call options going ITM. The delta hedging could start to form a terrifying gamma squeeze if these call options started getting ITM. + +That dark pool buy / open market sell trick. Yeah, they are going to keep doing that. They have too. They probably have dozens of tricks apes haven’t even noticed yet. They will all be in play this week. + +The options market is where to watch the fight this week. And it’s already growing. + +I made a post here [https://www.reddit.com/r/Superstonk/comments/mowgh9/faking\_a\_squeeze\_would\_backfire/](https://www.reddit.com/r/Superstonk/comments/mowgh9/faking_a_squeeze_would_backfire/) on Sunday, where I fortunately was tracking option numbers. + +We already see some major changes in the numbers + +On Sunday the numbers were + +200 5,197 calls + +250 4,232 calls + +300 4,986 calls + +350 2,379 calls + +400 4,858 calls + +500 6,645 calls + +600 5,273 calls + +800 33,300 calls + +This morning the numbers are + +200 7,738 calls (+2500) + +250 6,335 calls (+2100) + +300 6,974 calls (+2000) + +350 3,044 calls (+600) + +400 5,944 calls (+1100) + +500 8,333 calls (+1700) + +600 5,265 calls (not much change) + +800 40,208 calls (+7000) + +That’s an extra **17,000 call** contracts since Sunday on just those 8 strike prices. And if you look lower, starting at 150, there are at least 1,000 calls on every strike price up to 200, except 155 and 195. + +And remember when dealing with call contracts, each one represents 100 shares. So that is 1.7 million shares that are represented in those extra 17,000 call contracts. Those 8 strike prices currently represent almost 8.4 million shares that would need to be hedged by option sellers to remain delta neutral. + +So expect the price to do some crazy shit this week. The hedgies will be trying to tank the price as much as possible. If there truly are long whales in play (looking at the option chains it’s possible) they aren’t betting on a max pain week. Those options were placed to fly. + +No one is looking at max pain this week. The option chain this week is INSANE. This is not a normal options week. Next weeks highest call count is 4,757 at 800 (sigh, come on guys). The next highest is 1,198 at 300 then 1,124 at 200. + +I’m not saying play in contracts (if you don’t know how they work intimately, it’s best to avoid), I’m not saying YAY gamma squeeze. I’m not expecting anything until someone makes the hedgies play by the rules. I’m just saying that they are going to cheat like crazy this week, because they are looking at a terrifying option chain that could pre-launch this thing into margin call territory. + +None of this is financial advice, just an ape who likes looking at numbers. +**Here is the DD to support that Short Interest (SI) and Failures to Deliver (FTDs) are still high, and are just being hidden through manipulative derivative strategies.** GameStop is the investment opportunity of a lifetime - both for the coming squeeze and for it's long term potential. + +&#x200B; + +>Part 1. It was consumer sentiment that started the 'sneeze squeeze' last January - *not* hedge funds covering. +> +>Part 2: Short positions were *not closed*. Short interest (SI) was reduced, failures to deliver (FTDs) were hidden, and price suppression was achieved - through manipulative derivative strategies. +> +>Part 3. MOASS - The 'Squeeze has not been Squoze' - a Bullish Thesis. + +# + +# Part 1: It was consumer sentiment that started the 'Sneeze Squeeze' last January: + +[Link to the SEC Report](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) + +GameStop had a reported short interest of over 200 million shares by FINRA report in October 2020, and a reported 220% short interest ratio during the January 2021 'sneeze squeeze' (as per Robinhood court documents). Consumer sentiment had picked up on a potential turn-around for GameStop, and there was raising awareness through social media of the potential for a short squeeze. Investor demand for $GME increased, resulting in rapid price appreciation. Market participants short $GME attempted to start covering their positions, further driving the price up. $GME would hit an all time high of $483.00 on January 28, 2001, only to decline once Brokers shut off the opportunity for retail investors to buy $GME. The Securities and Exchange Commission would investigate this as a follow up to the Congressional hearings into this matter, and produce a report that indicated it was consumer sentiment - not shorts covering - that started the squeeze. + +**SEC GME REPORT: The Securities and Exchange Commission Report: Shorts didn't cover:** **\[Full credit to (** [**u/WhatCanIMakeToday/**](https://www.reddit.com/user/WhatCanIMakeToday/) **for the charts and comments for this section\].** + +https://preview.redd.it/l08ypggt4qp81.png?width=960&format=png&auto=webp&s=fbddbfa80161632d53ccffe108dbfc90a96e10c7 + +The Shorts tried to cover starting Jan 22. But then the price kept going up as they did. This early short covering led to several "Oh Shit" moments. Ultimately, investors realized what was going on and piled in (FOMO). Notice the SHORTS BASICALLY STOPPED COVERING on Jan 27! They tried a couple more times Feb 2 and Feb 5. Both of those resulted in the price going up so they stopped. Look at the overall buy volume during those times. The pink short seller buy volume is puny compared to the overall blue color for overall buy volume. + +https://preview.redd.it/i9d3r2nv4qp81.png?width=1740&format=png&auto=webp&s=d64f422f55ec22db789260e027b944034945da1d + +https://preview.redd.it/aenj8mrx4qp81.png?width=1770&format=png&auto=webp&s=aebba8534ff8ff1ed06dfaf8f08c2c6cd8f5ec73 + +***This is why the SEC concluded that it was investors bullish on GME ("positive sentiment") that caused GME price to go up rather than "buying-to-cover"****.* + +# Estimating short positions closed Jan 19th to Feb 5th: + +A great post from [u/dubaicurious](https://www.reddit.com/user/dubaicurious/) estimating 29 million total shares covered during the period January 19th to February 5th. It is also important to note, and what many fail to remember, is that this number (click to reveal)>!needs to be offset against the new internalized short positions that were being created!< during this same time frame: + +[https://www.reddit.com/r/Superstonk/comments/qbgp98/i\_counted\_the\_pixels\_on\_figure\_6\_on\_the\_sec/](https://www.reddit.com/r/Superstonk/comments/qbgp98/i_counted_the_pixels_on_figure_6_on_the_sec/) + +Internalized short positions: + +In a quote from this interview with Interactive Brokers' CEO Thomas Peterffy discussing the brokerages preventing buying but allowing selling of GME on January 28th (which exposed a systemic risk in our markets): + +"If the call options (150 million) had been exercised ***the shorts would have had to deliver 270 million shares***, while only 50 million shares existed." + +[https://www.youtube.com/watch?v=Yq4jdShG\_PU](https://www.youtube.com/watch?v=Yq4jdShG_PU) + +See other DD related to internalizing of shares in the DD library: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +# + +# Part 2: Short positions were not closed. Short interest (SI) was reduced, failures to deliver (FTDs) were hidden, and price suppression was achieved - through manipulative derivative strategies. + +**The options scam (derivative manipulation):** + +This is an excerpt from an article by Lucy Komisar, Investigative journalist and Winner of Gerald Loeb Award, the major US prize for financial journalism: How the GameStop Hustle Worked, June 22, 2021. + +Read the full article here: [https://prospect.org/power/how-the-gamestop-hustle-worked/](https://prospect.org/power/how-the-gamestop-hustle-worked/) + +*Excerpts addressing SI & FTDs:* + +Under SEC rules, shares of companies that fail to deliver in the previous five trading days are put on a “[threshold list](https://www.nyse.com/regulation/threshold-securities).” GameStop’s first date on this list was September 22, 2020. + +Shares failed in massive numbers in the following months, leading to GameStop being put on the threshold list for 39 days between December 8 and February 3, with hundreds of millions of shares failing to deliver. + +https://preview.redd.it/ja9gxuul5qp81.png?width=1050&format=png&auto=webp&s=1435ec5947ad7a838b33ea2c2c201dac089dbee0 + +How could GME be on the list for so long? Regulators have the authority to find out which brokers failed to deliver, facilitating naked shorts. But the DTCC has historically beaten back attempts to reveal naked short selling culprits, or even to tag “borrowed” shares (called the *hard borrow*) so they can’t be “located” more than once. I’ve written previously about how DTCC [pulled back](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) on backing a centralized database that would prevent the same shares from being used for multiple short sales. + +“There is no lawful way for a stock to be on the threshold list for months,” said John Welborn, who teaches economics at Dartmouth. “The only explanation is regulatory apathy, or worse.” Because compliant regulators choose not to track shorts, traders can engage in mischief. + +An obvious sign of market manipulation is massive *short interest*, the number of shares that have been sold short but not yet covered. + +[u/rainforest11](https://www.reddit.com/u/rainforest11/) of Superstonk explained that FINRA reported short interest at 226 percent of total float at the height of the GME frenzy in January. This means that more than twice as many shares as exist in reality had been sold short at one point. As late as January 28, it was reported by S3, a market data company, to be 122 percent. + +It’s important to note that only the SEC and the DTCC can get the trading documents that would show proof of any fraudulent scheme. But the Superstonk users, through publicly available data, detected patterns that make a strong case at least to investigate the matter. + +New put option contracts after the end of January represented more than 300 percent of shares outstanding, more than 200 million shares. “Melvin Capital, which lost 50 percent of its value, had 6 million shares in puts,” said [u/broccaaa](https://www.reddit.com/u/broccaaa/). This massive spike suggests that short positions have been hidden using “phantom shares” and “strategic fail-to-delivers.” + +# Table below: " Put options open interest spiked to enough contracts to cover 300% of outstanding shares at the exact time that reported Short Interest (SI) and Failures to Deliver (FTDs) decreased". + +https://preview.redd.it/efalu1yn5qp81.png?width=1050&format=png&auto=webp&s=f229071b190fc649bc7ab38bc1a0410d0dc6d630 + +As [u/broccaaa](https://www.reddit.com/u/broccaaa/) says, “This spike coincides perfectly with the drop in reported short interest and FTDs.” He sees it as “the most damning evidence of massive manipulation.” + +The options scam can also reset the clock on fails to deliver. Remember that short sellers have two days to locate a stock to prevent an FTD; market makers and other authorized participants may have up to six days. The SEC [explained a trading strategy](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) known as “buy-write” in a 2013 paper. As [Investopedia explains](https://www.investopedia.com/terms/b/buy-write.asp), ***“A buy-write is an options trading strategy where an investor buys a security, usually a stock, with options available on it and simultaneously writes (sells) a call option on that security.” This recycling of positions shows as a new transaction, so the short sale timer is reset. And the trader may never deliver the shares, because he can roll over the trades and do the deal over and over.*** + +GME short positions could also be hidden in exchange-traded funds (ETFs), a basket of stocks similar to a mutual fund. [u/broccaaa](https://www.reddit.com/u/broccaaa/)’s research shows that fails to deliver migrated from GME to ETFs in January 2021. The total value of reported short interest (GME + ETFs) remained as high as ever, at over $27 billion owed. + +# Ongoing manipulation: + +Subsequent to the above option manipulation having been identified by [u/broccaaa](https://www.reddit.com/u/broccaaa/), there is plenty of other DD posts that identify and support that ***a variety of derivative strategies - in conjunction with other illegal, unethical, unfair, deceptive, abusive, and anticompetitive business practices - continue to be used to manipulate $GME.*** + +[https://www.reddit.com/r/Superstonk/comments/s3n4pw/the\_compendium\_of\_wrinkles\_correlating\_different/](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) + +[https://www.reddit.com/r/Superstonk/comments/pb22oj/the\_puzzle\_pieces\_of\_quarterly\_movements\_equity/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/?utm_source=share&utm_medium=web2x&context=3) + +This is a great Fail to Deliver (FTD) post to read or revisit: [https://www.reddit.com/r/Superstonk/comments/qdp9c6/the\_everything\_fails\_to\_deliver\_dd\_part\_2\_lets/](https://www.reddit.com/r/Superstonk/comments/qdp9c6/the_everything_fails_to_deliver_dd_part_2_lets/) + +***Estimating Retail Share Ownership***\*\*:\*\* Excludes Institutional, Insider or other types of ownership). + +* [https://i.redd.it/zwtz4i3c65h71.png](https://i.redd.it/zwtz4i3c65h71.png) +* [https://www.reddit.com/r/Superstonk/comments/t78n39/fresh\_google\_consumer\_surveying\_suggests\_830mm/](https://www.reddit.com/r/Superstonk/comments/t78n39/fresh_google_consumer_surveying_suggests_830mm/) + +***Media manipulation***: Ask yourself, why has the media been so intent on communicating the shorts have covered and that GameStop is a poor investment choice – for 14 months straight!? Why are they so concerned to advertise and advise against this company? [https://upsidechronicles.com/2021/09/05/how-wall-street-short-sellers-are-trying-to-control-the-gamestop-narrative/](https://upsidechronicles.com/2021/09/05/how-wall-street-short-sellers-are-trying-to-control-the-gamestop-narrative/) + +***Wall Street veteran*** Charles Gradante calls out naked shorting of GameStop and the subversive strategies used by hedge funds: (listen from 3 min 30 sec) [https://www.youtube.com/watch?v=OChaTm0To1U](https://www.youtube.com/watch?v=OChaTm0To1U) + +***Reddit DD Library***: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +# Short Interest (SI) reporting is now calculated differently: + +**Also important to note is that the way Short Interest (SI) is calculated has been changed. Today's reported SI can now no longer exceed 100%:** + +Traditional formula = Shorts / float + +New S3 Formula = Shorts / (shorts+float) + +The S3 methodology ***assumes no naked shorting***,. The implication in their calculation is that every short share has located a borrow. They believe that simply because it's illegal, naked shorting cannot be happening. + +[https://s3partners.com/notesonfloat.html](https://s3partners.com/notesonfloat.html) + +***Evidence of FINRA data now showing historical short interest as significantly higher now than was previously reported.*** **Chart credit to** [u/DecentralizeCosmos](https://www.reddit.com/u/DecentralizeCosmos/) + +https://preview.redd.it/qa4s5q5u5qp81.png?width=640&format=png&auto=webp&s=83b6924ccc41908e630d401bdb775890d11683f1 + +# Short Interest (SI) reporting: + +Regulation SHO is a set of rules that governs short sale practices.  Regulation SHO established “locate” and “close-out” requirements, which requires Broker-Dealers (BD) to mark all orders to sell stock as “[long,](https://www.investopedia.com/terms/l/long.asp)” “[short](https://www.investopedia.com/terms/s/short.asp),” or “short-exempt.” + +A sale order can be marked “long” only if two conditions are met. First, a seller must be deemed to own the security, which occurs only to the extent that it has a net long position in the security. Second, the BD must either (a) have possession or control of the security to be delivered, or (b) reasonably expect that the security will be in its physical possession or control no later than the settlement date of the transaction. + +# Unfortunately, some BD continue to ignore or mismark their short trades so they are not captured as FTDs. This is a common occurrence that can be verified by reviewing the FINRA fines administered over the last several years. + +Market Makers (MM) like Citadel have to accept all buys and sells, and get a pass on many naked short selling rules. However, they have also been cited for misreporting short positions. For example, on November 13, 2020, FINRA, the traders’ self-regulator, fined Citadel Securities $180,000 for failing to mark 6.5 million equity trades as short sales between September 14, 2015, and July 21, 2016. + +It is important to note that the FINRA fines are generally extremely nominal relative to the profit made by these ‘reporting oversights’; and many refer to these nominal fines as just ‘The Cost of Doing Business’. Retail investors are advocating for change to the fines to make them more of a deterrence and would like to see the fines administered equal to, at a minimum, the profit made from these behaviours. Additional fines and the threat of jail time or revocation of the ability to legally short sell would provide an even greater deterrent. + +&#x200B; + +# Part 3. MOASS - The 'Squeeze has not been Squoze' - a Bullish Thesis: + +https://preview.redd.it/sm3wdo9x5qp81.png?width=750&format=png&auto=webp&s=7d4c3a1ea05dbfbad1b2e753d19cce2e7b16bf1b + +GameStop has approximately 76 million shares issued, yet had approximately 220% of it’s tradeable float outstanding in January 2021 (FINRA short interest as declared in Robinhood court documents). The rule of thumb is that short interest as a percentage of float above 10% is pretty high and above 20% is extremely high. High short interest like this affirms that counterfeit shares have been created and exist illegally. DD supports that the short interest has been manipulated and hidden through derivative strategies such as options, swaps, leaps and futures; and that the true short interest could now realistically be sitting higher than 300%. Plus, DD illustrates how market participants are manipulating and attempting to control the price of GME through continued shorting, high frequency trading, controlling the media narrative, internalized trades, and other manipulative trading strategies. \[Note: *None* of this DD has been debunked, and much of it is evidenced by previously documented official complaints to the SEC, along with reports from the SEC, citing similar strategies used in the past against other companies.\] + +GameStop’s business’ fundamentals have improved dramatically with net sales of $6.011 billion for fiscal year 2021, an 18% increase compared to $5.090 billion for fiscal year 2020. They have expanded their product catalog to include a broader set of consumer electronics, PC gaming equipment and refurbished hardware; made significant and long-term investments in the Company’s fulfillment network, systems and teams; and have established new offices in Seattle Washington and Boston Massachusetts, which are technology hub talent markets. + +Since the ‘Sneeze Squeeze’, Gamestop has attracted [hundreds of talented executives](https://gmedd.com/transformation/gamestop-bags-chewy-vp-of-engineering/) from thriving tech companies like Chewie and Amazon. They now have a balance sheet of around $1.27 billion in cash with virtually no debt, and with Ryan Cohen as the new Chairman and a new technology focused board of directors, GameStop now has a unified leadership fully committed to two long term goals: ‘Delighting Customers & Delivering Value for Stockholders’. + +GameStop is the largest video game retailer worldwide; They have undergone a radical strategic transformation, expanding their business model to compete and thrive in an era of mobile gaming and digital downloads, and have been busy reinventing themselves as a major ecommerce player. To date, GameStop has announced partnerships with Loopring and Immutable X, and GameStop's NFT Marketplace has been announced for launch by the end of Q2 2022. + +The Marketplace will be powered by Loopring L2. GameStop, in partnership with Loopring, has the opportunity to cement itself at the forefront of this new paradigm and become the destination for global digital economies. Immutable X is the back end of GameStop's marketplace, helping create NFTs and to bring onboard hundreds or thousands of game studios using their $100 million joint fund to build on the new technology platform ([https://www.youtube.com/watch?v=fne4XMhtVf4&t=235s](https://www.youtube.com/watch?v=fne4XMhtVf4&t=235s)). This partnership outlines a 2 year milestone objective of $1.5 billion and $3.0 billion in combined primary sales and secondary market sales transactions within 24 months of launch. + +Gamestop already has the footprint of 4,816 stores in 14 countries, and over 55 million PowerUp reward members. As it moves forward with its ecommerce and NFT marketplace the potential for this company rivals market giants like Amazon, Apple, and Meta (Facebook, Instagram etc). GameStop has a huge advantage over startup tech-companies as it enters the ecommerce metaverse, ‘quietly making their actions speak louder than words’. GameStop is not an ordinary stock, nor is it a failing brick-and-mortar retail chain like Wall Street previously thought. It is a very well financed, established growth company, with grand plans in the foreseeable future. + +The current price of $GME is demonstrably manipulated and significantly undervalued. \[This is a [*current intrinsic value analysis*](https://www.linkedin.com/pulse/gamestop-ordinary-stock-nor-failing-brick-and-mortar-retail-michal). Note: There are several methods for valuing a company, and analyst values will vary.\] *Simply put - the price of $GME is wrong* \- and will continue to be wrong until the manipulation of the stock is eradicated and the short positions are *closed* \- not just *covered*. As short positions are forced to buy and close out their positions at the market 'ask' price, and in the event that retail owns the float and investors hold out on the sale of their shares we could have not just a ‘Short Squeeze' - but the 'Mother of all Short Squeezes' (MOASS). + +&#x200B; + +***Edit addendum:*** + +*GameStop NFT Marketplace DD and assumptions:* [https://www.reddit.com/r/Superstonk/comments/skrm0s/nft\_market\_dd\_update/](https://www.reddit.com/r/Superstonk/comments/skrm0s/nft_market_dd_update/) + +[https://www.reddit.com/r/loopringorg/comments/tsiycm/gamestops\_nft\_marketplace\_is\_the\_gateway\_to/](https://www.reddit.com/r/loopringorg/comments/tsiycm/gamestops_nft_marketplace_is_the_gateway_to/) + +&#x200B; + +\--------------------------------- + +**Reddit Library of Due Diligence, Art Books, and Periodicals**: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +GameStop’s e-commerce NFT Marketplace; NFTS and Blockchain + +GameStop’s transformation, fundamentals, and prospects + +How Hedge Funds bet against you using 13F and derivatives + +Darkpools, Payment for order flow (PFOF) & Internalizing trades + +Naked short selling (illegal, but rampant in our financial markets) + +Direct Registration of Shares (DRS) - Removing shares from the DTCC and preventing the manipulation + +The GME MOASS & Infinity squeeze theology + +ETFs, FTDs (Fail to Deliver) and Short Interest + +The derivatives market and how 2008 is repeating itself + +Shareholder proposals + +The Federal Reserve and their recent 11.23 trillion dollar bail out of banks and their derivatives exposure + +Ask Me Anything (AMA) Videos and transcripts with industry professionals + +&#x200B; + +***Other References:*** + +Gaming Wall Street producer interview about the market manipulation and criminal activity surrounding GameStop: [https://youtu.be/zZMKpcn4FSk](https://youtu.be/zZMKpcn4FSk) | [https://gamingwallstreet.org](https://gamingwallstreet.org) + +How People \[Wall Street\] Cheat The Stock Market | The Problem With Jon Stewart Podcast | [https://www.youtube.com/playlist?list=PL4RaSiGWHbPJVulK10l-KfH4woDEBorCJ](https://www.youtube.com/playlist?list=PL4RaSiGWHbPJVulK10l-KfH4woDEBorCJ) + +&#x200B; + +Market reform advocacy led by you, for you [https://www.urvin.finance/advocacy](https://www.urvin.finance/advocacy) + +&#x200B; + + Opinions and illustrations only. Not advice. Always conduct your own DD and make an informed decision that is right for you. + +DISCLAIMER \*\* Information contained in this post has been compiled from sources believed to be reliable. No representations or warranty, express or implied, is made by as to it’s accuracy, completeness or correctness. All opinions, estimates, and comments 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 post or the information contained herein.\*\* + +&#x200B; + +*Edit 3-30 in progress: Updating Part 3, adding commentary on GameStop Marketplace information with details on Loopring and Immutable X partnership.* + +&#x200B; + +>***Call for support. Please comment or link any posts that highlight:*** +> +>(i) the current estimated *tradeable* float: \[Issued shares, Diluted Issued Shares less - 'Insider holdings, ETFs, Funds, Directly Registered Shares (DRS)\] +> +>(ii) Gamestop analytic comparisons and assumptions: Looking for analytics for *Retail and Ecommerce* considerations and competitive comparisons and projections \[Current GME - Price/Sales: 2.15 | Price/Book Value: 8.48 | Price/Tangible Book Value: 8.54 | Price/Cash:10.63 | Price/Working Capital: 10.92\] + +&#x200B; +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I had a tenant run into an overhead garage door. Contacted a garage door service guy I had used once before (one man shop). The door obviously needed to be replaced. I gave the service guy $1,000 through cash app to get the door on order. Right away he became very difficult to get a hold of. Started doing some digging and I find several other reviews from people he’s taken money from and ghosted. After a couple calls, some communication I’m blocked on both numbers I have for him. I’m thinking my next step is to file a police report? Any tips? What else can I do? ( I’m in WI) +For the purpose of this question, assume I'm extremely rich. Can I sell my house to someone for just $5 in the state of Ohio? Assume I pay all other fees included and the buyer literally just owes me $5 + +I know this is odd but I'm very curious if I can actually do it. +Lookdown is slowly coming to an end FOR GOOD in next month or two so its probably time to think of buying bombed out retailers shares from FTSE and AIM for recovery. These are some picks that might be worth considering? Do you have any Retail Shares that you think are also good? + +\#SHOE ShoeZone: Currently trading at about 58p. Normal pre-covid price £1.50 £2.0 . Millions of kids set to go back to school March 8th onwards. That could be millions of shoes for growing feet. + +\#SCS SCS Group: There is a DIY and home improvement boom going on while people working from home. This company has been overlooked by investors. Gets double whammy of shops re-opening and in the right sector for Spring. + +\#HOTC Hotel Chocolat: Shops reopening and Easter approaching. + +&#x200B; + +Longer term its worth noting that every year for the next ten years boomers will be retiring. Its worth noting that the elderly do spend a lot of their retirement time and money shopping. Many boomers are loaded with cash. The big market for boomer money is HIGH STREET RETAIL. You cant get a cream tea and chat on line - you need to go to M&S or Frasers etc and browse real shops. + +There is going to be a retail boom for a while. I know people think on-line is the future but there are many events happening now that will help shops and hurt online. + +**HOW I SEE FUTURE OF UK RETAILING** + +============================================================= + +Most people will always want the instant hit! Instant gratification. They want the product immediately and they want it without any delivery charges. + +So you need both retail outlets and be able to order online. + +Order online then nip down to Argos Sainsburys and pick it up - totally free of any delivery charges and you get it immediately. With Amazon etc, you often have to pay delivery charges and you have to wait. bricks and mortar mixed with online gives you instant gratification and no delivery charges. + +So companies like £HOTC or £SHOE or £SBS have inbuilt advantage over pure online. Not only that but with new tax regimes coming in, the selling field will become more level. Retail will slowly rise up a bit and online will slowly fall back a bit. + +===================================================================== + +Typical News events coming in driving up retail prices from this point on : + +`Exclusive: 'Universal vaccine' that can conquer all variants could be available within a year thanks to British scientists` + +`Drugs are being developed that target proteins found in the core of the Covid virus - ending the need to keep tweaking existing jabs` + +`By Jennifer Rigby, GLOBAL HEALTH SECURITY CORRESPONDENT13 February 2021 • 12:36pm` + +`.... Daily Telegraph` + +&#x200B; + +&#x200B; +Fellow apes, I would like to provide a reminder that this milkshake you're about to drink is not held within quantifiable means. The entire financial system has a giant ass straw shoved into it and it's the holy grail of thicc ass milkshakes. + +With the Ortex news alot of talk about price have come up. If we are potentially 100 - 157 million shares oversold by a single institution, that means we have only sucked up the first tier of the milkshake, and baby, it gets creamier as we drink it. + +We haven't even seen the price really change and they're trying to prime us for the cursed S word. Well, I am absolutely salivating at this peak behind the curtain that I have my straw shoved into. If they think suggesting things will spike and come crashing down will get me to sell they're forgetting that they've already tried that back in Feb 2021. + +Now, if we're only 100 - 157 milly oversold by one institution, I can't imagine what it looks like in others, and can't imagine how impossibly fucked these idiots are. So whatever you do, don't get sucked into the BS, know your worth. + +They need every damn share. + +This is the infinity milkshake motherfuckers. + +Edit: It warms my heart that each time I post these infinity reminders to see more and more of you are starting to understand that infinity is not a dream, hodl and it will be a reality. +😈🥵💯🚀Sh\*talik F\*ckerin, a f\*ckface who is already a multi millionaire, rugged his own community for 1 BILLION US Dollars in order to "donate the money to India." Idiot.🚀💯🥵😈 + +&#x200B; + +In short, he forced each and every one of the holders in his community to donate to a cause they might not even support. He suspended the free will of his community. He stole peoples savings in order to be a virtue signaling f\*ckface. This can not be left unnoticed. Never forgive, never forget. The guy is an empathetic sadist #1. + +&#x200B; + +With the Shitalik Token we want to raise enough money to start a mega advertising campaign and show the world that you can NOT dump on your community, extract 1 BILLION USD of someone elses wealth and excuse it with the fact that you did it for "charity." + +&#x200B; + +We want to: Buy billboards, newspaper and online ads and if this thing pops off really well, even radio time. + +P.S. Elon Musk is a f\*cking shithead too. + +&#x200B; + +TOKENOMICS + +♦️ - 15% FEES PER TRANSACTION + +♦️ - 5% distributed to all holders. + +♦️ - 5% auto add to the liquidity pool. + +♦️ - 3% marketing and development. + +♦️ - 2% burned. + +♦️ - 100% of LP is Locked + +♦️ - Contract is Renounced + +&#x200B; + +Proof in TG: u/ShitalikBSC + +&#x200B; + +1,000,000,000,000,000 total supply (1 Quadrillion) + +Developers pre-own 3% of supply. + +&#x200B; + +🧾 CONTRACT: + +[https://bscscan.com/address/0x4e23bad44de68085a8250ae8f9b247293cee124e#code](https://bscscan.com/address/0x4e23bad44de68085a8250ae8f9b247293cee124e#code) + +&#x200B; + +🧾 RUG SCREEN CERT + +[https://www.rugscreen.com/scan/certificate?tokenid=79dea73a66](https://www.rugscreen.com/scan/certificate?tokenid=79dea73a66) + +[https://www.rugscreen.com](https://www.rugscreen.com) + +&#x200B; + +🧾 LP LOCK + +[https://dxsale.app/app/pages/dxlockview?id=0&add=0x11d9fBDF23184B1a22368E8ffAa3262D68691544&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x11d9fBDF23184B1a22368E8ffAa3262D68691544&type=lplock&chain=BSC) + +&#x200B; + +🧾 OWNERSHIP RENOUNCE + +[https://bscscan.com/tx/0x41959bf6dded8df5ca955309e029972d7ad6500ace95626327c763a54082ff33](https://bscscan.com/tx/0x41959bf6dded8df5ca955309e029972d7ad6500ace95626327c763a54082ff33) +Once their fulfillment center is live they should be able to start being competitive with shipping times as well. I'm happy to support this amazing company by waiting a few days for my game and controller anyway. .. + +[Pre-owned @ Amazon 109.90](https://preview.redd.it/5hvs0u6bsxx61.png?width=1934&format=png&auto=webp&s=66114c5a8791dfa3bc37838bb79d7f167ad950ec) + +[Pre-owned @ GameStop 54.9](https://preview.redd.it/g26gzkeilxx61.png?width=2080&format=png&auto=webp&s=f3ae2ca28d98d75709747b8daeac74d4ec1e5e65) + +Who exactly is it that's going bankrupt? Because it sure as shit isn't GME! BULLISH AF pre and post MOASS!!! + +EDIT - ALT Title "Gamestop is crushing SOCAL-VGAMES!!!!!!! JACKED TO THE TITS!" thanks to u/ImActuallyUseless + Taking what I have written in [Parts 1](https://www.reddit.com/r/BurryEdge/comments/pu5g13/inflationary_depression_part_1_the_everything/?utm_source=share&utm_medium=web2x&context=3) and [Part 2](https://www.reddit.com/r/BurryEdge/comments/q6vflb/inflationary_depression_part_2_inflation_before/?utm_source=share&utm_medium=web2x&context=3) (you can view each by clicking the links). Part 1 is about the Everything Bubble, and Part 2 is about Inflation before Recession. I think we have enough information to figure out how to make strategic bets to protect ourselves from the impending increased inflation and the governments response to the inflation. + +**The Economic Environment** + +Interest rates have bottomed, as was explained in Part 1 and Part 2. We have put more Government money into the economy than any other time and we have increased M2 more than any other time in history. + +Well, in response we have gotten an economy that cannot handle the amount of demand that it has produced. The output gap produced (as was discussed in Part 2) has resulted in shortages across the board. This has given us inflation that the government had not prepared for (who could have predicted all this government spending would lead to inflation). Consumers are picking up steam with the latest data showing a huge increase in houses bought, consumer confidence increasing, delivery times picking up, input price increases and working demanding more pay. + +&#x200B; + +Chart 1. Delivery Times (Along with Input and Output Prices) along with Core CPI Inflation showing a clear correlation + +As you can see shortages are causing huge increases in delivery times and prices (with core inflation skyrocketing an important tool to try to predict what the Fed will do). Now how can we tell this is a fiscal stimulus problem? Because the US is the only one experiencing problems on the scale we are seeing here in the United States and the United States were the only ones to stimulate the economy in the extreme fashion that we did. (If your subreddit does not allow pictures I would check out Part 3 on [r/BurryEdge](https://www.reddit.com/r/BurryEdge/) so you can see the charts I have posted, I find them to be extremely important). + +With basically every consumer goods company reporting shortages with insane demand which is coupled with the great resignation (discussed in Part 2) we have workers working in overdrive while not having wages that are keeping up with inflation. This has caused strikes across the board in what media is calling “striketober” as workers demand better conditions and more pay (this is extremely important). This *could* be the start of an unanchoring inflationary event known as the wage cost spiral. This is when workers expect more money to make up for their losses from inflation, this leads to higher input costs, which leads to higher output prices/higher inflation. This creates a feedback loop that can cause inflation to become unanchored in a negative manner. This is something we must keep a close look on. I believe if the John Deere strike results in success and they get higher pay, we could see more workers take notice and request higher pay across the country (I believe that strike specifically is the most important to pay attention to). + +Now where are we seeing shortages and increased expenses? Well basically everywhere, from semiconductors, to food, to fertilizer, to precious metals (such as magnesium, steel, aluminum), commodities (coal, natural gas, oil), coffee, housing, paper pulp (Paper is up roughly 50% from last year and experts expect another toilet paper shortage along with books), Lumber/Wood again, HVAC systems, Chicken, and the list just keeps going. + +**Why this isn’t transitory and could become dangerous** + +Well, we just need to wait on the pandemic right, this is just supply chain kinks, right? Wrong, if you look at the above charts, Charts 1 and 2, you will see where the supply kinks fixed themselves around March. What we are seeing is demand driven shortages due to an economy operating at a pace that it literally cannot handle especially with a drop in potential GDP (Part 2). This demand is now hitting us due to pent up savings (discussed in Part 1 and Part 2), and the previously discussed fiscal stimulation (Part 1 and 2), and Covid coming to an end in the eyes of consumers. This is also the first Covid free Holiday season being celebrated by most Americans in almost 2 years. We are seeing shortages pick up in September/October because consumers are worried about inflation/shortages and are starting to pick up the inflationary mindset (Part 2), another possibly dangerous unanchoring event that we must pay attention to. So how do we make money on this? (I know you’re just thinking “Finally!!!!”) + +**The United States Treasury Bond** + +As discussed in Part 1and Part 2, the US has been increasing M2 at a breakneck pace and the economy has gotten near levels that the Fed will consider “tapering” or the reduction of Quantitative Easing (Part 1). What this means is that the money supply will stop growing as fast, as the government stops buying bonds to flush markets with cash (that’s basically all QE is). Now, for those of you who do not know, there is a correlation between treasury bond prices and treasury bond yields. They work inverse so when bond prices go up, bond yields go down and vice versa. Well, when the Fed begins to reduce its bond buying this will cause bond prices to go down as result to a reduction in demand. When the prices of bonds go down yields go up (This will be discussed more in another paragraph). This causes a double effect of not only decreasing the money supply by reducing bond buying, but it also causes a decrease in the money supply by increasing rates. And based on our core inflation readings from earlier with the shortages getting worse, I think it is safe to say that tapering will begin on November 2nd. This is why the 60-40 rule of stocks to bonds is now longer good risk management because stocks and bond now move + +Currently private investors are not buying treasuries, and neither are banks (as of recently). The only large buyer of bonds currently is the Federal Reserve meaning that there is no demand at current levels if the Fed stops buying, leading to a reduction in bond prices. This is where we will begin the thesis for our short on 20 year treasury shortages in the form of the $TLT ETF. As tapering decreases we will see TLT increase to the long term inflation expectation rate of roughly 3% (this will increase as inflation increases of course, this expectation can easily change with inflation fears). Current 20 year bond rates are at about 1.7% today, which means we can expect at a minimum, an increase of about 1% in 20 year bond yields when tapering begins to reduce. A 1% change in bond yields leads to about an 18%-20% decrease of TLT (Remember this is the minimum amount it will drop from just tapering). + +As investor fears about inflation picks up, this could cause rates to increase faster, as less investors want bonds so they demand a higher yield. This also does not take into account the Federal Reserve moving up its timetable for a federal fund rate hike which would lead to a money crunch and a further increase in bond yields as demand reduces. So a short on TLT is one investment I think is a good move since I see a minimum drop of roughly 20% (or a buy on TBT which just works as inverse). These are 2 vehicles I would look into for investing against inflation. + +This could’ve had more detail but I think it gets the point across, if you have questions please comment below. + +**An Asset Crunch** + +As I said before, stocks and bonds have moved in tandem in recent years. This new correlation is why you should also begin to short stocks. Well first let’s discuss why they move in tandem. It’s because the yield of a treasury bond is the discount rate used by the market. If there is confidence in the dollar/Fed, then companies will use this as their discount rate. So, when interest rates increase, the value of all stocks decrease due to this discount rate, it also acts as a money crunch since less money would be borrowed. Also tapering is decreasing as well, which has the double effect of increasing rates and reducing the money supply. So obviously this would *normally* only cause a small effect on stocks, unless they are in a bubble (or overleveraged). As we learned in Part 1, stocks and houses, are in a bubble. Now why would stocks in a bubble be a larger cause to worry. Well stocks in a bubble, act as a Ponzi Scheme. Now bear with me for a moment while I explain. A bubble is when an asset ignores its underlying intrinsic value and people simply invest in it because *someone else will invest in it leading the asset price to increase*. A bubble implies that individuals aren’t paying attention to the business, they are expecting to make a return based on the ***sole reason*** that someone else will want to buy the stock, not anything to do with the underlying business. Now when the money supply decreases or the discount rate increases, there is no next man up to pay for the asset. As with a ponzi scheme, when there are no more buyers everyone begins dumping their shares because it is now impossible for the asset price to keep growing and if something isn’t growing (especially in an inflationary environment) this will lead to a total collapse of the price until it becomes something worth of value. + +This doesn’t include price pressures put on by shortages or the volatility that can be created by options. I suggest anyone who is reading this to read the thread by @ thelastbearsta1 on twitter regarding volatility. This explains why an asset crash will not be as long as the bubble burst in ’99 but will be a sudden and flash crash among stocks in a bubble (along with the fact that option buying is at all time high levels, possibly causing reverse gamma squeezes). My personal choices for these “bubble stocks” are Tesla (if you’re about to argue with me on this, think about the fact that Tesla went up 100 billion on a 4 billion revenue, not profit, contract), almost any EV company, [Roku](https://www.reddit.com/r/BurryEdge/comments/qc2gkl/roku_an_arkk_holding/?utm_source=share&utm_medium=web2x&context=3) (this is one of my favorites), new tech IPO’s, ARKK fund (Basically the biggest bubbles that are expecting more growth, that higher interest rates won’t allow), some space companies (or other government contracted companies due to the government having to pay more interest on future debt), and many more. These companies are not necessarily bad companies, I think Tesla is a great company and managed well by Elon Musk, but it is in a massive bubble and there’s no way investors are expecting meaningful returns from the business. As well as those companies, you should also look at any company overvalued based on a huge amount of debt where they are taking on more debt to grow (an interest increase causes debt to get much more expensive). I also suggest finding value investments as they thrive in a higher interest rate environment while growth stocks suffer, one of my favorites is [DISCK](https://www.reddit.com/r/BurryEdge/comments/pgvbk7/what_burry_sees_in_discovery_inc_disck/?utm_source=share&utm_medium=web2x&context=3) which is merging with Warner Bros (A spin off of [AT&T](https://www.reddit.com/r/BurryEdge/comments/qc48so/i_finally_realized_why_burry_bought_disck_while_i/?utm_source=share&utm_medium=web2x&context=3)) , but I would wait until DISCK finds some solid support. + +These are the companies I would investigate and then identify the best choices, I don’t have DD for these suggestions which is why you should not invest without doing your own due diligence!!! Details were skipped here obviously but I am giving you the overall idea of why I have gone short on certain positions, and I am relying on you to dig deeper or find some DD as it would take me a long time to go into each individual stock. + +**We have got to capitalize on Shortages** + +Shortages are also a great place to find gains, although most ETF’s regarding commodities are already at extremely high levels. We should also look at companies that are still set to benefit, I really like [SXC](https://www.reddit.com/r/BurryEdge/comments/pn4o2s/suncoke_energy_sxc_worth_a_look/?utm_source=share&utm_medium=web2x&context=3), [OVV](https://www.reddit.com/r/BurryEdge/comments/prw3ay/michael_burrys_new_oil_play_ovintiv_ovv/?utm_source=share&utm_medium=web2x&context=3), and [STNG](https://www.reddit.com/r/BurryEdge/comments/pmunyt/stng_an_undervalued_opportunity_in_a_cyclical/?utm_source=share&utm_medium=web2x&context=3). We have some great DD on those 3 stocks on [r/BurryEdge](https://www.reddit.com/r/BurryEdge/) if anyone would like to look more into those stocks, as they are all undervalued stocks. OVV is a natural gas and oil company, meanwhile STNG is a petroleum transportation company. Both have great write ups and are companies I am personally invested in (I’ve made roughly 25% in just stocks from those 2 and I believe they have more upside). SXC is an investment in coke steel plants (a great way to take advantage of steel when scrap prices are high). Some of the ideas that has been discussed are ideas in the food industry as well. Another way to capitalize on this is in a retailer that has prepped for shortages and are in an advantageous position such as WMT, a stock I have written DD for as well, and you can read more information on why I believe they are specially built for a shortage’s environment in the coming months. Just be on the lookout for shortages and honestly following [r/shortages](https://www.reddit.com/r/shortages/) to follow future trends is probably not the worst idea. If you can get ahead of a shortages curve you can make a lot of money. Once again, I could have written much more but our community has other written pieces out there going in more detail, and I have given you the overall thesis for things to look into. If I were to jump into individual stocks I would take up way too much room. + +Overall, in summary, inflation is here to stay, and we need to protect ourselves against it. I wish each of you good luck and I hope the information I have provided will help all of you achieve more financial freedom. I’m sorry for any spelling mistakes or grammatical errors, I hope it did not take away from the information given. + +*Remember I am not a professional nor do I claim to be. This is not investment advice, but merely musings from an amateur investor. I have positions in most of the positions listed above, they are through different types of securities such as Calls, Puts, and Stocks. If you choose to invest in any of these positions, you should inform yourself and do proper Due Diligence . The decision to invest in any position is yours and yours alone.* + +**A special thanks to everyone who has followed and supported me through this 3-part series.** + +Thanks to all of you who followed my series, as I thoroughly enjoyed all of this. I found all material independently and I received feedback from the BurryEdge community, they have helped me form my thesis on inflation and have given various stock ideas to help make money against it, so if you’re interested in this material, please join that community (In regards to the paragraph regarding stocks and interest rates, I would expect BurryEdge to produce more DD’s on different bubbles over the coming months). Thanks to all of you who have supported me through the toxic/rude feedback and a special thank you to all of those who critiqued me in a respectful manner and helped me look at new perspectives. + Taking what I have written in [Parts 1](https://www.reddit.com/r/BurryEdge/comments/pu5g13/inflationary_depression_part_1_the_everything/?utm_source=share&utm_medium=web2x&context=3) and [Part 2](https://www.reddit.com/r/BurryEdge/comments/q6vflb/inflationary_depression_part_2_inflation_before/?utm_source=share&utm_medium=web2x&context=3) (you can view each by clicking the links). Part 1 is about the Everything Bubble, and Part 2 is about Inflation before Recession. I think we have enough information to figure out how to make strategic bets to protect ourselves from the impending increased inflation and the governments response to the inflation. + +**The Economic Environment** + +Interest rates have bottomed, as was explained in Part 1 and Part 2. We have put more Government money into the economy than any other time and we have increased M2 more than any other time in history. + +Well, in response we have gotten an economy that cannot handle the amount of demand that it has produced. The output gap produced (as was discussed in Part 2) has resulted in shortages across the board. This has given us inflation that the government had not prepared for (who could have predicted all this government spending would lead to inflation). Consumers are picking up steam with the latest data showing a huge increase in houses bought, consumer confidence increasing, delivery times picking up, input price increases and working demanding more pay. + +&#x200B; + +Chart 1. Delivery Times (Along with Input and Output Prices) along with Core CPI Inflation showing a clear correlation + +As you can see shortages are causing huge increases in delivery times and prices (with core inflation skyrocketing an important tool to try to predict what the Fed will do). Now how can we tell this is a fiscal stimulus problem? Because the US is the only one experiencing problems on the scale we are seeing here in the United States and the United States were the only ones to stimulate the economy in the extreme fashion that we did. (If your subreddit does not allow pictures I would check out Part 3 on [r/BurryEdge](https://www.reddit.com/r/BurryEdge/) so you can see the charts I have posted, I find them to be extremely important). + +With basically every consumer goods company reporting shortages with insane demand which is coupled with the great resignation (discussed in Part 2) we have workers working in overdrive while not having wages that are keeping up with inflation. This has caused strikes across the board in what media is calling “striketober” as workers demand better conditions and more pay (this is extremely important). This *could* be the start of an unanchoring inflationary event known as the wage cost spiral. This is when workers expect more money to make up for their losses from inflation, this leads to higher input costs, which leads to higher output prices/higher inflation. This creates a feedback loop that can cause inflation to become unanchored in a negative manner. This is something we must keep a close look on. I believe if the John Deere strike results in success and they get higher pay, we could see more workers take notice and request higher pay across the country (I believe that strike specifically is the most important to pay attention to). + +Now where are we seeing shortages and increased expenses? Well basically everywhere, from semiconductors, to food, to fertilizer, to precious metals (such as magnesium, steel, aluminum), commodities (coal, natural gas, oil), coffee, housing, paper pulp (Paper is up roughly 50% from last year and experts expect another toilet paper shortage along with books), Lumber/Wood again, HVAC systems, Chicken, and the list just keeps going. + +**Why this isn’t transitory and could become dangerous** + +Well, we just need to wait on the pandemic right, this is just supply chain kinks, right? Wrong, if you look at the above charts, Charts 1 and 2, you will see where the supply kinks fixed themselves around March. What we are seeing is demand driven shortages due to an economy operating at a pace that it literally cannot handle especially with a drop in potential GDP (Part 2). This demand is now hitting us due to pent up savings (discussed in Part 1 and Part 2), and the previously discussed fiscal stimulation (Part 1 and 2), and Covid coming to an end in the eyes of consumers. This is also the first Covid free Holiday season being celebrated by most Americans in almost 2 years. We are seeing shortages pick up in September/October because consumers are worried about inflation/shortages and are starting to pick up the inflationary mindset (Part 2), another possibly dangerous unanchoring event that we must pay attention to. So how do we make money on this? (I know you’re just thinking “Finally!!!!”) + +**The United States Treasury Bond** + +As discussed in Part 1and Part 2, the US has been increasing M2 at a breakneck pace and the economy has gotten near levels that the Fed will consider “tapering” or the reduction of Quantitative Easing (Part 1). What this means is that the money supply will stop growing as fast, as the government stops buying bonds to flush markets with cash (that’s basically all QE is). Now, for those of you who do not know, there is a correlation between treasury bond prices and treasury bond yields. They work inverse so when bond prices go up, bond yields go down and vice versa. Well, when the Fed begins to reduce its bond buying this will cause bond prices to go down as result to a reduction in demand. When the prices of bonds go down yields go up (This will be discussed more in another paragraph). This causes a double effect of not only decreasing the money supply by reducing bond buying, but it also causes a decrease in the money supply by increasing rates. And based on our core inflation readings from earlier with the shortages getting worse, I think it is safe to say that tapering will begin on November 2nd. This is why the 60-40 rule of stocks to bonds is now longer good risk management because stocks and bond now move + +Currently private investors are not buying treasuries, and neither are banks (as of recently). The only large buyer of bonds currently is the Federal Reserve meaning that there is no demand at current levels if the Fed stops buying, leading to a reduction in bond prices. This is where we will begin the thesis for our short on 20 year treasury shortages in the form of the $TLT ETF. As tapering decreases we will see TLT increase to the long term inflation expectation rate of roughly 3% (this will increase as inflation increases of course, this expectation can easily change with inflation fears). Current 20 year bond rates are at about 1.7% today, which means we can expect at a minimum, an increase of about 1% in 20 year bond yields when tapering begins to reduce. A 1% change in bond yields leads to about an 18%-20% decrease of TLT (Remember this is the minimum amount it will drop from just tapering). + +As investor fears about inflation picks up, this could cause rates to increase faster, as less investors want bonds so they demand a higher yield. This also does not take into account the Federal Reserve moving up its timetable for a federal fund rate hike which would lead to a money crunch and a further increase in bond yields as demand reduces. So a short on TLT is one investment I think is a good move since I see a minimum drop of roughly 20% (or a buy on TBT which just works as inverse). These are 2 vehicles I would look into for investing against inflation. + +This could’ve had more detail but I think it gets the point across, if you have questions please comment below. + +**An Asset Crunch** + +As I said before, stocks and bonds have moved in tandem in recent years. This new correlation is why you should also begin to short stocks. Well first let’s discuss why they move in tandem. It’s because the yield of a treasury bond is the discount rate used by the market. If there is confidence in the dollar/Fed, then companies will use this as their discount rate. So, when interest rates increase, the value of all stocks decrease due to this discount rate, it also acts as a money crunch since less money would be borrowed. Also tapering is decreasing as well, which has the double effect of increasing rates and reducing the money supply. So obviously this would *normally* only cause a small effect on stocks, unless they are in a bubble (or overleveraged). As we learned in Part 1, stocks and houses, are in a bubble. Now why would stocks in a bubble be a larger cause to worry. Well stocks in a bubble, act as a Ponzi Scheme. Now bear with me for a moment while I explain. A bubble is when an asset ignores its underlying intrinsic value and people simply invest in it because *someone else will invest in it leading the asset price to increase*. A bubble implies that individuals aren’t paying attention to the business, they are expecting to make a return based on the ***sole reason*** that someone else will want to buy the stock, not anything to do with the underlying business. Now when the money supply decreases or the discount rate increases, there is no next man up to pay for the asset. As with a ponzi scheme, when there are no more buyers everyone begins dumping their shares because it is now impossible for the asset price to keep growing and if something isn’t growing (especially in an inflationary environment) this will lead to a total collapse of the price until it becomes something worth of value. + +This doesn’t include price pressures put on by shortages or the volatility that can be created by options. I suggest anyone who is reading this to read the thread by @ thelastbearsta1 on twitter regarding volatility. This explains why an asset crash will not be as long as the bubble burst in ’99 but will be a sudden and flash crash among stocks in a bubble (along with the fact that option buying is at all time high levels, possibly causing reverse gamma squeezes). My personal choices for these “bubble stocks” are Tesla (if you’re about to argue with me on this, think about the fact that Tesla went up 100 billion on a 4 billion revenue, not profit, contract), almost any EV company, [Roku](https://www.reddit.com/r/BurryEdge/comments/qc2gkl/roku_an_arkk_holding/?utm_source=share&utm_medium=web2x&context=3) (this is one of my favorites), new tech IPO’s, ARKK fund (Basically the biggest bubbles that are expecting more growth, that higher interest rates won’t allow), some space companies (or other government contracted companies due to the government having to pay more interest on future debt), and many more. These companies are not necessarily bad companies, I think Tesla is a great company and managed well by Elon Musk, but it is in a massive bubble and there’s no way investors are expecting meaningful returns from the business. As well as those companies, you should also look at any company overvalued based on a huge amount of debt where they are taking on more debt to grow (an interest increase causes debt to get much more expensive). I also suggest finding value investments as they thrive in a higher interest rate environment while growth stocks suffer, one of my favorites is [DISCK](https://www.reddit.com/r/BurryEdge/comments/pgvbk7/what_burry_sees_in_discovery_inc_disck/?utm_source=share&utm_medium=web2x&context=3) which is merging with Warner Bros (A spin off of [AT&T](https://www.reddit.com/r/BurryEdge/comments/qc48so/i_finally_realized_why_burry_bought_disck_while_i/?utm_source=share&utm_medium=web2x&context=3)) , but I would wait until DISCK finds some solid support. + +These are the companies I would investigate and then identify the best choices, I don’t have DD for these suggestions which is why you should not invest without doing your own due diligence!!! Details were skipped here obviously but I am giving you the overall idea of why I have gone short on certain positions, and I am relying on you to dig deeper or find some DD as it would take me a long time to go into each individual stock. + +**We have got to capitalize on Shortages** + +Shortages are also a great place to find gains, although most ETF’s regarding commodities are already at extremely high levels. We should also look at companies that are still set to benefit, I really like [SXC](https://www.reddit.com/r/BurryEdge/comments/pn4o2s/suncoke_energy_sxc_worth_a_look/?utm_source=share&utm_medium=web2x&context=3), [OVV](https://www.reddit.com/r/BurryEdge/comments/prw3ay/michael_burrys_new_oil_play_ovintiv_ovv/?utm_source=share&utm_medium=web2x&context=3), and [STNG](https://www.reddit.com/r/BurryEdge/comments/pmunyt/stng_an_undervalued_opportunity_in_a_cyclical/?utm_source=share&utm_medium=web2x&context=3). We have some great DD on those 3 stocks on [r/BurryEdge](https://www.reddit.com/r/BurryEdge/) if anyone would like to look more into those stocks, as they are all undervalued stocks. OVV is a natural gas and oil company, meanwhile STNG is a petroleum transportation company. Both have great write ups and are companies I am personally invested in (I’ve made roughly 25% in just stocks from those 2 and I believe they have more upside). SXC is an investment in coke steel plants (a great way to take advantage of steel when scrap prices are high). Some of the ideas that has been discussed are ideas in the food industry as well. Another way to capitalize on this is in a retailer that has prepped for shortages and are in an advantageous position such as WMT, a stock I have written DD for as well, and you can read more information on why I believe they are specially built for a shortage’s environment in the coming months. Just be on the lookout for shortages and honestly following [r/shortages](https://www.reddit.com/r/shortages/) to follow future trends is probably not the worst idea. If you can get ahead of a shortages curve you can make a lot of money. Once again, I could have written much more but our community has other written pieces out there going in more detail, and I have given you the overall thesis for things to look into. If I were to jump into individual stocks I would take up way too much room. + +Overall, in summary, inflation is here to stay, and we need to protect ourselves against it. I wish each of you good luck and I hope the information I have provided will help all of you achieve more financial freedom. I’m sorry for any spelling mistakes or grammatical errors, I hope it did not take away from the information given. + +*Remember I am not a professional nor do I claim to be. This is not investment advice, but merely musings from an amateur investor. I have positions in most of the positions listed above, they are through different types of securities such as Calls, Puts, and Stocks. If you choose to invest in any of these positions, you should inform yourself and do proper Due Diligence . The decision to invest in any position is yours and yours alone.* + +**A special thanks to everyone who has followed and supported me through this 3-part series.** + +Thanks to all of you who followed my series, as I thoroughly enjoyed all of this. I found all material independently and I received feedback from the BurryEdge community, they have helped me form my thesis on inflation and have given various stock ideas to help make money against it, so if you’re interested in this material, please join that community (In regards to the paragraph regarding stocks and interest rates, I would expect BurryEdge to produce more DD’s on different bubbles over the coming months). Thanks to all of you who have supported me through the toxic/rude feedback and a special thank you to all of those who critiqued me in a respectful manner and helped me look at new perspectives. +Is it possible for a stock to have extremely strong fundamentals \[Good balance sheets and income statements with a hefty amount of FCF % margin, no fraud, etc.\] to stay down or keep going down, assuming outstanding shares stays the same year on year. + +&#x200B; + +To rephrase, is it possible for stocks to stay irrational when fundamentals don't justify current stock prices? +Looking for advice on a hypothetical scenario: + + +You find an undervalued, cigarbutt type of a company. Let's say this company will earn $100 net income per year for the next five years. After that, the company will become breakeven forever and has no other assets or liabilities. The cash will sit in an internal account and never be spent. This hypothetical company does not pay a dividend or do share buybacks. + + +Now let's say you perfectly estimate the value of that business and find that the market is undervaluing the company by 50%. What happens if/when the market doesn't change after 1 year? +How would you update your valuation? What happens after 5 years and the company is still undervalued, but won't distribute the cash it made over those 5 years? + + +Hypothetically, you'd have to buy all the shares outstanding to get access to the true value of the business; What if the public shares weren't enough to buy out the company? How would your valuation change? + + +Any good videos from super investors on this kind of topic? +I’m 18 years old and took an interest in value investing as I listened to The Investors Podcast while I worked my third shift job over the summer. I’ve been trying to apply what I’ve learned via podcasts and research to find some decent value picks on my own. I’ve come up with the following, and would like some feedback on whether I’m on the right track, or completely off: + +1. I initially thought Citi (C) was a decent value pick, and still may be, but after it went up 13% after earnings were released I became less interested + +2. I thought US Steel (X) was a solid value pick, but further research showed me that the steel industry was cyclical, and cyclical stocks are not great value picks, correct? + +3. Almost everything seems overvalued as a result of where we are in the credit cycle. + +Reminder, I have very limited knowledge, and no capital invested currently, all feedback is appreciated! +Hello, + +I'm from Egypt, and we were hit so hard with economic crisis and Egyptian pound devaluation earlier this year. so I was trying to escape and got a good offer in Scotland, UK. But now it looks like GBP is also devaluating so fast and the UK looks unstable for me. I'm not sure if I should reject the job offer or just try it out (I've never worked outside Egypt before). + +The job offer is for £75k, I would have my wife with me and she'll start looking for a job. + +I know that none of us have a crystal ball but I'm a real loss here so any insights would be appreciated. I'm afraid I reject the offer and things turn out better in the next year or so and I start regretting. +Republican Sen. Josh Hawley of Missouri and Democratic Sen. Jon Ossoff of Georgia are introducing competing bills to end stock-trading by members of Congress. + +A key difference between the proposals is reportedly that Ossoff's bill includes dependent children �� who may have access to the same privileged information as their lawmaking parent — while Hawley's does not. The two also differ on the enforcement mechanism. + +Violators of Ossoff and Kelly's bill would be fined the entirety of their congressional salaries. The freshman senator narrowly defeated former Sen. David Perdue last year amid the Georgia Republican's own stock-trading scandal. + +On the other hand, Hawley's bill would require violators to forfeit any profits gained from stock-trading directly to the US Treasury. + +Source: https://www.businessinsider.com/josh-hawley-jon-ossoff-introduce-dueling-stock-trading-bans-2022-1?amp +https://thehill.com/opinion/finance/490476-the-2-trillion-relief-package-makes-unemployment-pay-more-than-work + +Now I'm in a LCOL metro so this wont apply to everyone. My tenants pay $500-$750 per month for rent. With these new unemployment benefits I'm not seeing why layoffs should result in them being unable to pay rent. Many of them will see their income temporarily increase so I see no viable excuse for them not paying. Is anyone else not really concerned about collecting rent given the boost to unemployment payments? + [https://www.cnbc.com/2020/04/01/the-market-should-be-more-worried-about-a-second-wave-of-coronavirus-cases-jpmorgan-says.html](https://www.cnbc.com/2020/04/01/the-market-should-be-more-worried-about-a-second-wave-of-coronavirus-cases-jpmorgan-says.html) +The power of the masses is the ability to be decentralized. As soon as someone starts worshiping and idolize a single author, we become centralized and easy to manipulate through the opinions and presence/absence of these authors. I suggest deleting comments like "Papa u/...", "Love you, u/..." etc. Let's stay balanced and emotionally detached. + +I am not saying that I am not thankful for all the DDs these guys are doing, my main point here is that MOD = DD author = Usual Lurker. Every ape matters and all are equally important. Only this way we can be sure that will be truly decentralized, and r/Superstonk will be our last & only home. + +Thanks for reading this. + +Edit 1: Typography + +Edit 2: u/ezzune phrased it much better than I did. I really love his comment: *"Spartacus was only powerful because he had no face. By making individuals our "generals" we make it so our enemy has to defeat 3-4 of us instead of 100k of us."* Can't really say it better than this. +First, BEWARE of any other uses posting with links for compensation for LUNA. They are ALL scams and it’s so unfortunate that there are human beings out there who have no sense of morals. NEVER CONNECT YOUR WALLET TO A LINK FROM SOMEONE YOU DONT KNOW. + +For those who lost money in LUNA…understand, this was not a scam. LUNA was an experimental crypto in decentralized finance. The concept was vetted by many and carried risk. Those risks were publicized by many if you spent any time doing research. There were many however who believed in the project and the basis of the concept. This a a very unfortunate event. And my heart goes out to anyone who lost money in LUNA (which includes myself). However, this happens. This happens in the stock market (think 2008 / Lehman Brothers ENRON, etc.), and this happens in crypto. ALL investments carry risk. And some more than others. The more risk you take on the more reward. And the more risk. That’s how the system has always been set up. In any market. Note that there were extremely wealthy investors including the CEO of Galaxy Digital, Mike N., who lost billions in LUNA. + +Mike is a very saavy, ex Goldman Sacks exec who founded Galaxy Digital. He went so far as to get a tattoo of LUNA recently. My heart goes out to Mike and I hope he regains himself after this and is successful in the many other projects he still has investments in. Just because he still is wealthy doesn’t take away from my compassion for him. I feel for anyone who lost any amount of money. + +For anyone who is distraught. Please please please don’t let yourself be taken further advantage of, whether through scams like this poster above asking for your wallets to “compensate you”, or by taking on further risks to make up for it. Regain, rebuild, reinvigorate yourself. Life moves on. And so will you. It might be hard. Very hard. Extremely hard. But I can promise you one thing. This will pass with time. + +I wish everyone here all the best. And I sincerely hope everyone is successful and regains what they lost. This was an unfortunate event, but again, it happens. No one is at fault. This was an experimental project that went south. That’s all. + +So let’s all take a deep breath. Try to regain our composures. And let’s learn from this. Because every mistake is also a lesson. So let’s learn from this in anyway we can. For some it will mean to assess risk differently. For others it will mean to not risk or invest more than you can afford to lose. For others it will be to not hold onto assets for longer ithan you should. And yet for others, it will mean learning to get up in the morning again and realizing life is NOT over. It’s just another day, another lesson learnt. + +Love & peace to all, -A fellow LUNA investor +I really wanna know if there is like a website or group that I can go to that I can learn to balance a checking account, budget, savings, etc. My mom really doesn't have time to explain all of this to me and there aren't any classes that I can take in my school to learn about this stuff until senior. I also want to start investing as soon as possible. So any information that you have would be amazing. + +EDIT: Thanks for all the responses this is gonna save me a lot of headaches later on. +(Throwaway account because nobody knows) + +About me, current CA resident looking to move to WA, $6M NW, w/ $4M in recently IPO stock and $1M stock from attempting to diversity from the IPO. + +I'm not sure how to best ask this question, but I'm considering making an offer on a $1.8M house in WA and I am wondering if I have more options as a higher NW individual. The two routes I am aware of are: + +1. Sell the stock. But then I get hit with a big cap gains bill, and I've already taken >$1M in profit this year from selling and diversifying. I'd also like to stay in the market. +2. Take a margin loan. But I'm not as familiar with margin, and this feels risky due to margin calls. + +Are there other kinds of loans I have access to without being subjected to margin risk? What are their tradeoffs? + +&#x200B; + +Thanks in advance! + +&#x200B; + +Edit: Thanks for all of the responses everyone! There's a lot of good information in here, and I just wanted to distill it up top for future reference. + +With rates as low as they are now, the most recommended course of action was to stick with the traditional mortgage, and borrowing against my portfolio for the down payment. As for that, the two options are either margin loan, or a [pledged asset loan](https://www.schwab.com/pledged-asset-line) (also available at other banks under a different name). These seem to be variable, based on SOFR, rate, indefinite term loans. Both are subject to a maintain-a-minimum-account-value-or-pay-up type of mechanism. [Getting a big margin loan on a single stock position is pretty risky](https://www.reddit.com/r/fatFIRE/comments/p6c0q4/financing_options_for_a_5m_stock_portfolio_on_a/h9cm9he?utm_source=share&utm_medium=web2x&context=3) though, so it may be the better way (if not only way), to put 20% down, rather than $1M to optimize interest deduction benefit. + +IBKR ([https://www.interactivebrokers.com/en/home.php](https://www.interactivebrokers.com/en/home.php)) also seems to be pretty popular, and their rates for margin lending are at least lower than schwab. I should still continue to do more research on them, and margin in general. +According to this breaking news ([link](https://www.livelaw.in/top-stories/karnataka-high-court-restrains-franklin-templeton-from-proceeding-with-winding-up-of-schemes-without-obtaining-consent-of-investors-164911?infinitescroll=1)), FT cannot shut the schemes without obtaining consent. Court hasn't said they cannot shut the schemes but they need investors' consent to do so. Put a hold of 6 weeks on all action by all parties. + +FT will probably appeal so investors' money will be held up for a long time. +The 50 largest stocks in the S&P 500 are up about 11%, on average, for 2020. The 10 largest stocks are up about 27%. + +The 50 smallest stocks in the index are down about 15% for 2020 with over 2/3 of them showing a negative return for the year. + +What, if anything, do you think causes this disparity to turn around? +The price of basic necessities like food and gas keeps going up while wages stay the same. How long will it be before a large percentage of the population simply can't afford to eat? + +My whole life inflation has gone up every year but it's never felt this bad. So many people I know have to have side hustles in addition to regular full-time jobs in order to make it in today's world. Meanwhile the expression, "the rich get richer and the poor get poorer" has never been more true. + +I'm honestly curious where this will end. +There's been a few posts I lowkey get a FUD vibe from. Fully digestible, super easy steps on having a custodian DRS your GME with ComputerShare. + +Except... It takes weeks because of Snail Mail and it costs hundreds of dollars just to have each process set up. All the while I recorded a 45min conversation with a Fidelity rep that was one of the only bad CSR's I've had the displeasure of dealing with saying in his whole 15 years and 4 months in the financial industry he had never heard of a DTC W/T Transmission + +***As of Feb 14th*** ***Fidelity will not initiate custodial held shares to be DRS'd to ComputerShare.*** + +He couldn't send me an email of the document, he lied about saying he couldn't do anything more than send a click for a template email from his system when I've received plenty of internal customized messages previously to my Fidelity account. + +We went around in circles, from it first being a rule, then a policy update and finally a reiteration of what was already not ever a possibility for Fidelity. I never received an answer on if it was within the technical possibility would it be their rules or their system limitations that would stop them from doing so. + +Redditors for months have posted the same thing and I'll just reiterate it **real quick for anyone else that doesn't know you can DRS your IRA to ComputerShare as easily as any other DRS:** + +* Call your broker, ask to transfer your IRA GME to a ComputerShare Custodial Held IRA +* Explain you are requesting to initiate a DTC W/T (*Withdrawal by Transfer*) Transmission +* Request for them to stay on the line while you call a ComputerShare rep (open from 9am-6pm EST) to merge a conference call \[Their CSR line is (800) 564-6253\] +* Verify that CS's DTC#7807 is the location where this transfer is being to initiated to + +**(\*Quick Edit: ComputerShare Investor Relations Phone: (817) 424-2001 | Email:** [**investorrelations@gamestop.com**](mailto:investorrelations@gamestop.com) **|** [**ComputerShare Individual IRA account creation link**](https://www.essential.co/stock-information/dividend-reinvestment-and-dspp#:~:text=Individual%20Retirement%20Accounts%20(IRA)%3A&text=In%20all%20subsequent%20years%2C%20twenty,%2D800%2D472%2D7428) + +\^ From the link above\^ ***You may establish an IRA, Roth IRA or a Coverdell Education Savings Account which invests in Essential Common Stock through the Plan. IRA contributions and rollovers do not count against a participant's $250,000 annual investment limitation. There is an annual maintenance fee of $45.00 charged by the IRA and Coverdell Education Savings Account Trustee, which we will pay for the first calendar year in which you participate. In all subsequent years, twenty five dollars ($25.00) of this annual fee will be charged to you, with the balance paid by us. For information about opening an IRA, call Computershare Trust Company's IRA Specialists at 1-800-472-7428.)*** + +# Edit over, just calling out FUD comments + +**Don't believe their lies** + +**My rep had to be poked & prodded to admit if ComputerShare was an IRA custodian he would be able to begin the transfer** + +**They want to act dumb and gaslight you to think you're dumb as if you're trying to DRS your shares from an IRA account rather than a simple transfer of assets to another custodian.** + +&#x200B; + +If this went out internally to every single Fidelity rep this week, but not posted anywhere online or in the app/web portal I could find after searching pages and pages of different search results, PDF results and news on Google, then things are getting scary. + +Why would they send out a huge written policy document "updating" rules that have always existed but never been enforced before. The week before the MACD is roaring past the signal bar after its signature drop beneath, bump up for a quick breach and dive back down until once it pushes past the signal line is exactly consistent for each of the last 3 quarterly rollovers. Hell we even had the thursday dip after a neutral wednesday before the next week's breakthrough. + +Clog up their lines, take back your property, don't let your retirement pay for the artillery used against you for the 08' equivalent of buying CDS's knowing what's coming while people are buying homes at the highest point in the housing market since... well 2007 with a pandemic, 15% inflation by previous measurements, record walkouts and unemployment. The economy can only be propped up weekend at bernie's for only so long before the corpse starts smelling and Wall Street gets their party shut down. + +Come Monday, I honestly don't know, but I'm not trusting Fidelity. They've shown they're just the Boomer's Robbin' Hood and with EToro literally closing out account positions, there's probably if at any stocks left that are cheap enough to not cause a gamma spike just from having to cover the FTDs. + +\------------- + +BTW It's very much illegal for you to be told you can't transfer your shares. In case they start saying company policy will be followed over the law: + +SEC: hotline for prevention of share transfers (800) 732-0330 | [investor.gov](https://investor.gov) | [SEC.gov](https://SEC.gov) + +FINRA: (301) 590-6500 | [FINRA.org/Investors](https://FINRA.org/Investors) + +NASAA (North American Securities Administrators Association) | (202) 737-0900 | [NASAA.org](https://NASAA.org) + +&#x200B; + +Have this info ready to conference them in if you get any resistance from your broker +*Anyone else having a different broker following the same actions from new policies they instituted about transfers that aren't real but they still won't do?* +Hey i am creating this post as i am still not entirely sure on the whole screening process of tenants; specifically collecting the application fee and doing the actual background/credit check. + +i.e. I list my property for rent. Possibly receive phone calls and schedule a time for applicants to come and check out the property. + +If a person is interested in the property then you ask them to fill out an application and pay a fee. + +1. Are you physically handing them an application to fill out during the screenning? +2. Are you physically collecting money or a check from them during the screening to cover the background & credit check? +3. If you work with a 3rd party company that will complete an application's background check; do you tell the possible tenant they have to go through this company and fill out the application online? +Non-native English speaker here. + +I have been reading the book "Getting a Big Data Job for Dummies". In the book there are charts showing the skills you need to become a Business Analyst. Here is the snapshot of the worksheet: https://imgur.com/NeQ379A + +I am looking for a similar table that describes the skills needed in order to become an Economist. Can someone provide such a list or link to one? + +Also, can someone suggest a free book that comprehensively deals with the occupation of Economist? By comprehensively I mean that it should include among other things, the different types of roles in the Economist occupation, the long term outlook, the skills, abilities, qualifications needed to get into the various roles, the obstacles likely to face, the various challenges, problems, the work conditions including work life balance, how much multitasking or pressure is there, how much sales, customer service is there, how much soft skills are needed etc. + +Can someone suggest such a book? +Non-native English speaker here. + +I have been reading the book "Getting a Big Data Job for Dummies". In the book there are charts showing the skills you need to become a Business Analyst. Here is the snapshot of the worksheet: https://imgur.com/NeQ379A + +I am looking for a similar table that describes the skills needed in order to become an Economist. Can someone provide such a list or link to one? + +Also, can someone suggest a free book that comprehensively deals with the occupation of Economist? By comprehensively I mean that it should include among other things, the different types of roles in the Economist occupation, the long term outlook, the skills, abilities, qualifications needed to get into the various roles, the obstacles likely to face, the various challenges, problems, the work conditions including work life balance, how much multitasking or pressure is there, how much sales, customer service is there, how much soft skills are needed etc. + +Can someone suggest such a book? +As far as I understand treasury bonds, they work like this: + +&#x200B; + +The US offer treasury bonds. Anyone who buys one for, say 100$, is guaranteed to get 100$+x% in return, after an agreed-upon time, say 10 years. Now when China sells t-bonds to someone else, the US will have to pay the amount of 100$+x% to the new owner of the bond, once the bond expires. But whether the US pay the money to China, or to someone else, doesn't really matter, or does it? So why should China selling US t-bonds have any effect on the US economy? + +&#x200B; + +EDIT: Why can't I see the replies? It says "13 comments" but none are visible, not even in my inbox. + +&#x200B; + +EDIT 2: [This is why one doesn't see any answers.](https://www.reddit.com/r/AskEconomics/comments/b0jind/why_am_i_not_seeing_any_answers/) This is flat-out censorship. Shame on you, /r/AskEconomics! Shame! +I read here awhile ago that its best for the layman to read the abstract, then the literature review, then the conclusion, and then the peer reviews, and if you're willing to go further, the model/mathematics, and the empirical evidence. + +When I search for how to read a peer review, all i get is how to read peer reviewed articles, which is not what I am looking for. So, how the hell do you read peer reviews? Or, where do you find them? +Great things will happen to you. Not because you’ve earned it. It’s not because you’ve suffered or because you’ve been a good person. I’m not talking about Karma, that’s a different energy. + +Great things will happen to you because you BELIEVE that they can happen. This is the key. + +This is your manifest destiny, and it WILL happen. + +The universe doesn’t care if you deserve it or not. It’s not keeping score, saving your turn. There isn’t a point system to life. I think Karma is a wonderful concept, but it means nothing unless you believe that you deserve great things – happiness, love, fulfillment, and, yes, even great wealth. + +We have many ANTS (automatic negative thoughts) that we need to overcome and crush daily. Think of your mind as a computer program, and for years now, it’s been running this background program that keeps telling you that great things don’t happen to you. So, you ride that wave. You vibe on that feeling day in and day out, and you become that. Well, fuck that. + +Change your program. Reprogram your automatic thoughts. Make them positive. Go find a mirror. Look at yourself and say, “You beautiful bastard. You deserve great things. You do. When GME moons, I’m going to take great care of you. I’m going to care for your mental and physical health. I’m going to develop positive habits. I will exercise and eat well. I’m going to live a long, long life, wading in the tides of an endless summer. I will be happy, kind, and free, and I will spread kindness wherever I go. Because I deserve it. I believe that I deserve great things.” + +That’s your vibe! Build that dream in your mind, let your subconscious understand that this is who you are. Einstein talked about this. He likened it to how ENERGY works, permeating, interacting with similar energies. Look at it in whatever way that makes you comfortable, but the point is, you will attract the things you believe you deserve. It’s energy. Choose yours wisely. + +So what do you do? As far as I’m concerned, you have 3 jobs. +1) Buy +2) Hodl +3) Hodl some more + +Do you sell at 1,000? No. +10,000? No, what the fuck. No. +100,000? No, and you know why? Because you’re retarded. +1,000,000? Fuck no. You know why? Because you’re downright autistic. You’re a shit-slinging ape. + +So, when do you sell? Simple. You ride the MOASS, let it peak, and you sell on the way down. Don’t overthink it. It’s simple. In order to get there, you need to hodl. Then you need to hodl some more, then you need to calm down and hodl a little more. + +Say it with me: I deserve great things. Say it throughout the day. Say it while you’re eating crayons. Say it while you’re washing your wife’s boyfriend’s scooter. Say it while you’re playing Mario Kart. Say it while you’re weed whacking (masturbating while high on pot). Say it all the time. + +Remember, apes, this is your manifest destiny. You deserve great things. Believe it. + +Hodl and love, +A fellow ape. + +IMPORTANT EDIT: A few apes have pointed out that we don't need to wait for the MOASS to start taking care of ourselves. That's very true, and thanks for pointing that out! Start today and the MOASS will seem all the more possible. + +The whole intention behind my post is to prepare you for life-changing money. The only way to do that is to program yourself into ACCEPTING IT and BELIEVING that you deserve it. "I deserve this money. Great things can and will happen in my life." Say it ALOUD and say it often. Before you know it, it'll become part of your background programming. Very soon, you'll believe it. Make it your mantra. Say it over and over again. +Well, I'm BACK superstonks, and i want you to know i thank you for all of your kind words the past three days i spent banned. Someone messaged me pretending to be a fellow /biz/ native and reported me for using language that those sorts would use with one another. And over the past few days, I saw something absolutely **Beautiful.** +Teamwork, real honest attempts to filter the damn shills out of the way and only focus on the truth. A mission with a drone, and a brave chimp taking to the streets to show the world how someone really rings a bell in the face of the corporate elite. +Then, **They noticed.** Did you think it was a mistake the very next day of my ban and the mission most chimpossible, people were here suddenly talking about "Illegal actions" and "Not dancing to the tune of the hedgies"? That what you were doing was wrong and spits in the face of the very cause you stand for? + + +[These are those people, LAUGHING in the face of people just like you. To you, your movement, your \\"ape\\" pride? It's a joke to them, you are a joke to them. This was taken during the \\"OCCUPY WALL STREET\\" movement, before these worthless sacks of feces decided to lobby against all the laws that would have protected them from the moon. THEY TOOK THEIR OWN PROTECTIONS AWAY, JUST FOR A CHANCE TO STEAL YOUR MONEY AGAIN.](https://preview.redd.it/i28w924ti9u61.png?width=391&format=png&auto=webp&s=657e4a1710eefcfc344cd44c2d48b380b58dab3c) + +The rich are overwhelmingly parasitic in nature, finding a vein to bite into, they suck the blood from our economy, and even the economies of others to fund their evil schemes. You would think that this is something from a comic book, but that is the sheer levels of cartoon villain stupidity these people possess inside of them. They **WANT** you to be a slave, they **NEED** you to be afraid of them, and not be willing to stoop to their level and mindgame back. +What they are doing is **Targeted Harassment**, and is of course illegal. What you are doing in fighting back is **Self Defense.** Which is not Illegal. I am not saying to go out in the streets and spill hedgie blood, that would be ludicrous and just the thing these horrible, VILE, WICKED, **MISERABLE EXCUSES FOR HUMAN BEINGS WANT FROM YOU.** +They WANT you to collapse. +THEY WANT YOU TO BEND THE KNEE. +TO BE CATTLE IN THE LINE TO BE SLAUGHTERED FOR A NEW LEATHER WALLET. +Do you want to end up like Poor poor **Argentina?** + + +[You think this was not intentional? You think they did not pull strings in the background to facilitate the collapse of a country? As the barking dog says, \\"A GOOD BOY DOES NOT BELIVE IN COINCIDENCES, BARK BARK BARK BARK.\\"](https://preview.redd.it/8g9i6twrj9u61.png?width=1200&format=png&auto=webp&s=c1829955e7dcd195e46ca69951aa9a9886425caa) + +And do you think that they would stop at money? At robbing people of their countries wealth and facilitating their economic downfall? Are you so blind to the situation at hand that you don't see these ANIMALS, these **REPROBATES WITHOUT ANY MERCY IN THEIR HEARTS** are in fact here in this VERY Subreddit? They take the form of fears and doubts, anxiety and worry that you may get in trouble for sending bananas in the mail, or being as hostile with them as the shills are with you... +By what law? There is nothing saying that it's legal for people to just come and force their financial dogma on you. There is nothing **LEGAL** about hiring people to lie to cover for your half-assed attempt at crashing a company, and potentially an entire economy with it. +You are **/strong/**, apes. You have shown me that you have the spine to carry on into the future, and TAKE this broken world from the hands of the wicked, and potentially lead it into a better tomorrow. +Go out there, make your voices heard. There is nothing stopping you, the people, from EXPOSING THESE CORRUPT RATS for who they are. + + +[Look at the enemy and despair, for they have robbed the coffers of the weak for their own financial gain for decades. This is not a new game to them, and they honestly think they can beat you.](https://preview.redd.it/3cplo6x1l9u61.png?width=1673&format=png&auto=webp&s=d79eab3e082140f776e76cff03d07f08df8258cd) + +# Tell me, SUPERSTONKING APES. Are you going to let the rich tell you what to do and how to feel? Are you going to just lay there and let life pass you by while these animals rip and tear and prod at EVERY little mental weakness you have, just to save a few extra cents in the end game?NO. YOU WILL TAKE THEIR MONEY, YOU WILL DRIVE A FINANCIAL KNIFE SO DEEP INTO THEIR HEARTS, NO RICH PERSON WILL EVER AGAIN DEIGN THEMSELVES ABOVE ANOTHER HUMAN BEING. THEIR WALLETS ARE THEIR REAL WEAKNESS, THEY WILL NEVER RESPOND TO ANYTHING EXCEPT /COMPLETE LIQUIDATION/. + +**They view you as a joke, as cattle that with enough prodding and shocking, they can lead you to do anything they want, anytime they want, any place they want. As the fact that today, after the mod refused to delete the ape doomsayer thread, there has not been ANOTHER "Don't play ball"-punk to come into this subreddit. I looked through the list myself, not getting anywhere near the traction it did before.** +And do you know why? They fear you. They KNOW we know now, and they KNOW you will not be stopped at mere bananas and drones, you will not **REST UNTIL THE PEOPLE INVOLVED ARE HELD ACCOUNTABLE.** + + +These MONSTERS want you to riot in the streets over GME stock, and hope to use that to get the money taken from you, that you are somehow not worthy. Can you FEEL the projection from them? How the BLOODTHIRSTY, MONEYHUNGRY LEECHES drool at the thought of spinning us as a violent blood cult? The dancers are right, this is not a "Mosh pit", we are not here to bloody noses. +This? This is a motherfucking **SYMPHONY** of human interaction. People from all walks of life, together for the purpose of dismantling a ROTTEN, MOLDED BUILDING, BRICK, BY **PERFIDIOUS FUCKING BRICK, AND REBUILDING THE HOUSE STRONGER THAN BEFORE, WITH THE INFECTED PARTS CUT OUT, AND ROTTING IN THE TRASHCAN OF PRISON WHERE THEY BELONG.** + + +# Just remember something while i work up a new, actual DD for you instead of this motivational. You only have 1 life to live, will you be that old man in his deathbed, wondering when his life is going to begin? Or will you take that life you have NOW, INTO YOUR OWN HANDS, AND SHOW THE WORLD EXACTLY HOW THE APES INTEND TO FIX IT? + +# + +[PIC RELATED: THE ONLY THING I HAVE TO SAY TO YOU DEGENERATES WHO TOOK PAY TO LIE TO INNOCENT PEOPLE. \\"MIND YOUR OWN FUCKING BUSINESS AND SIT THE FUCK DOWN\\"](https://preview.redd.it/78il2spwm9u61.png?width=1000&format=png&auto=webp&s=ce90ef54add80caf0b06a2a87230392a7a01b8cb) + +I believe in you apes. Together we really can make the world a better place. +**Don't let wicked people tell you how.** +Thank you for your time and consideration, see you for the next post, apes. Gibbon out. +Follow-up from an earlier post here asking for recommendation for [Luxury Cruising](https://www.reddit.com/r/fatFIRE/comments/ogaxcb/luxury_cruise_line_recommendations) options. + +I took the advice of several posters. My wife and I just returned on a 7 night eastern Caribbean cruise on **Celebrity Edge**. I would say Celebrity was a premium cruise. My wife and I were all in for < $7K with a suite. Drinks, internet and tips were included as well as $600 shipboard credit so that ended up as a pretty "all-inclusive" price. + +_Experience_: Ship was very nice with a fresh, modern design. Exquisitely clean with staff that never ever failed to greet you. Low end suite room was spacious and bathroom was above expectations. Food was amazing and shows were good - better than expected. Plenty of onboard activities. Passengers were generally 50 and up with few kids. Private "retreat" area for suite guests was nice but not really necessary because of low numbers of guests sailing due to covid. 9 of 10. + +_Covid_: Everyone was vaccinated and had a covid test 3 days before sailing. Crew was always masked. Felt safer on the ship than at home. Ship was only 35% full. The only significant covid change on the ship was buffet had staff to serve you food. + +_Ports_: Most of the ports were experiencing covid outbreaks as bad or worse than here. Masks were required at all ports. Because of low volume of cruise ship traffic, there were fewer excursions and fewer shops open. Disappointing in this respect. + +**EDIT**: As someone pointed out below. Celebrity isn't typically classified as a _luxury_ cruise but rather as perhaps a _premium_ cruise. Just clarifying. +The expense ratio of the Nifty50 SBI ETF (SETFNIF50) is 0.07% while the UTI Nifty 50 Index fund is .1%. + +The expense incurred in acquiring the ETF is a one time cost whilst the expense incurred in purchasing and holding the UTI Nifty50 index fund is a recurring annual expense. + +For someone who is buying and holding units for the long term isn't it just cheaper to invest in the ETF instead of the Index fund? Is there something that I am missing as I only hear articles about investing in the index fund and not enough that talk about the ETF. +What’s your story? I’m curious how much work you need to put into a large number of units when property managers are in place. I’m always dreaming of having a ton of units that are a variety of property types, but I’m not sure how many units is too many units. Thanks in advance for any advice/insight! +Currently sitting on about $1.4NW. part owner in my company with a stake worth approximately $550K. Earn about $250-300k. Workplace is extremely toxic and dramatic. I can cash out anytime but not without creating some bad blood. I would like to think I’m very important to the firm given the revenue I bring and could potentially leverage, but tired of the politics and power games with the other partners. Majority partner also refuses to leave or give up control to anyone besides his groupies. Should I stay or go? Could potentially land a low stress job in the short term while I try to find another path +I always see politicians and just people in general saying “we need to bring jobs back to America” and things of that nature, but I thought it over and came to the conclusion that it is still better to manufacture almost anything in the cheapest way possible. For example, to enormously simplify things, let’s assume an iPhone can be made in China for $100, while in the US it would cost $500. In the end, you still receive the same end product no matter where you got it from, and it’s “innate value” has not changed. However, in one case, the iPhone cost you 5x more, so it’s price will be 5x higher and you will now have an artificially inflated price that that will negate any value you retained by manufacturing in the us. I was wondering if this conclusion is sound, or if protectionism does actually have any significant advantages. +I have been able to save up **$180,000** since I started working 4 years ago on my moderate \~70k p.a salary taking advantage of living with my parents (last year I had saved 45k from my 78k gross salary). + +I had been looking at houses/townhouses (First home buyer, owner occupied) occasionally but now I have a time frame of 9 months to find a place its getting abit more serious; I have had a loan pre-approval meeting with the CBA and only been **offered maximum 450K.** + +I had been looking at places in the 700-800k mark in western sydney which were still close to work and easy enough access into the CBD. Now realising I will have to adjust to only being able to go a 600k place it's looking like I'll have to live further from work and a longer commute to the CBD. + +I would have thought I would get well above a 450K loan. I had tried to save up as much as possible, barely had any social life and have taken no annual leave/holidays in the past 4 years yet it still seems I haven't made enough. + +Was I just being unrealistic in my hopes of a 700-800K place? +I came across the idea of FIRE when I stated accumulating a bit of coin and was wondering what to do with it. FIRE was such a life changing idea and yet so simple - 'what can I buy with this extra money? - get rid of your job dummy, so you can free up your time/live your life!' that I am surprised I had to have this told to me by someone rather than have it be self evident. + +My question is: +What are some other 'blow your mind' approaches/mindsets/ways of thinking in life-design/health/relationships/finance/problem solving/stress management/time management/learning how to learn/limiting beliefs/risk taking/maximising your potential ..or anything else really..) that have completely changed your life in a big way? Being (I think) a relatively intelligent person and having completely missed FIRE I am wondering what other similar 'big ideas' I am missing. + +An analogy I read elsewhere on reddit : you can spend hours fumbling around for the light switch in a dark room - but once someone who knows where it is flips the light switch on for you - its very obvious where it is. I'm hoping folks in this community flip some other 'light switches' on for me and others here. + +Edit: Glad to see this thread blow up! Its a reminder to myself that asking good questions is soo much more important than knowing the answers. Hope that many of the ideas here end up being life changing for all of us here, as I believe they will be for me. +I have enough extra income every month to where I want to get a very focused and disciplined plan going on saving for retirement. I have hit this weird realization though: if I were to put every penny I had toward my IRA/401k, I could put in over 20k before I reached the contribution limits. If I understand these accounts correctly, I can't touch any of this money until around the age of 57. + +So here is my question: + +If I wanted to retire at the age of 45 (picked the age arbitrarily), what are some common ways people account for the "gap" between retirement and penalty-free retirement account withdrawals? +Warren Buffet said to follow your gut... + +I rediversivied my 8k portfolio. I had about 25%YTD from nvda, Qualcomm, apple, etc. + +to + +100% TSLA +And my next paychecks are going towards bitcoin + +I'm 28 and with no kids LETS GET RICH! +Link to original thread: https://www.reddit.com/r/personalfinance/comments/5t1iuf/will_my_parents_buying_a_house_in_my_name/ + + +Sorry for disappearing from the last thread, it's been a crazy weekend, to say the least. But here is the state of things as of now: + + +1. **Had credit check done. Parents had opened a credit card in my name.** They apparently opened it to "pay the bills" and since my credit was good they got approved for a $8,000 limit (not sure how good that is?). Anyways, they maxed it out, and to add insult to injury, the monthly payments for this credit card *is the debt they asked me to help them with after they lost their jobs.* So if I stop paying it, they won't be paying it, and I will be the one that gets hurt in the long run. + + +2. **I won't be letting them buy a house in my name.** I won't help them with rent, and I'm not going to offer to live with them to help with living expenses. At this point I'm not sure what to do, except scream at them, because they appear to be completely oblivious to the fact that their actions were wrong. When confronted, their response was just, "Well, they wouldn't let us apply for anymore credit cards." + + +3. **My family will not be privy to any of my financial status in the future.** They don't get to know about new jobs, promotions, anything. From now on, all they need to know is I have a lot of debt (I do), and that I'm doing my best to pay it down (I am). + +#Edit: + +4. **I will be trying to find a way to get medical professionals involved and save my dad from my mom's care.** As stated in comments in this thread, she is blocking him from getting the medicine/care he needs. I will be looking into how to help him, either social services work, disability, reporting abuse, etc. I might just try ALL of them: whatever works to help him quickly. + + +5. **I don't know if I'm going to report them for fraud...** I know this should be a no brainer, but that doesn't make it any easier. + + +Thank you so so much to everyone who commented on the last thread and helped open my eyes to how bad this situation really was. + + +I'm really frustrated, and upset, and feel like trying to better my life has been a pointless endeavor, but I'm going to keep on keeping on, and hopefully this too shall pass. + + +Thank you, again. <3 + +**Edit:** Sorry for the slow response. I'm not used to subreddits that move so fast. + + +**Edit2:** Well this kinda exploded on my way home from work... Thank you everyone for the continued advice, and the tough love. I'm doing everything I can to protect myself financially moving forward, based on all of the feedback I have received. +Hi guys, sorry for the clickbait title, but it’s an honest question. + +I really don’t want to make this post too personal, but my dad was just diagnosed with terminal cancer. We think he might have only a few months left. I’ve helped him run his real estate business for the last 4 years, which he started 30 years ago. We own and operate multifamily apartments in LA. He’s urging me to look to the future, and he sees the sale of the properties for estate tax purposes as an opportunity for my brother and I to move into a less expensive, more cash flow oriented market. We expect to have around $5M from the sale after taxes. I have some ideas that I’ll outline here but I’d love feedback and advice. Multifamily is what we know so preferable I’d like to do that in whatever market we agree on. + +1. Phoenix +Pros: cheap, close to LA, decent cash flow, huge population growth + +Cons: popular with investors, isolated geographically if market slows down, would be a big lifestyle change for my wife who grew up in a snowy country + +2. North Carolina +Pros: many growing markets (Charlotte, Raleigh, Asheville) and close to Atlanta, Chattanooga, Charleston, affordable, decent cash flow + +Cons: I’m worried about housing availability in places like Charlotte, where there’s plenty of land to expand as demand continues to grow + +Honorable mention: Texas. Texas worries me due to high property taxes and the fact that everyone and their mom knows Austin is the hot shit right now. I don’t doubt there’s money to be made but as a first acquisition for myself I’m a little intimidated to get into bidding wars with larger, more established investment companies, but maybe this is unfounded? + +Im wary of population growth in much of the Midwest, but I’d be open to having my mind changed. + +Would love new suggestions or critiques of my choices, this might be the biggest decision of my life so any help would be greatly appreciated. I’m not looking for syndicators or passive investment strategies — multifamily real estate is all I know at this point. +Say for example the cap is a billion dollars (haven't decided if that should be per year or for a lifetime, perhaps it should be a yearly amount) including liquid assets. Anything above that gets put towards bettering the community as a whole towards schools, healthcare, road maintenance, etc. or towards better pay and benefits for workers if that person owns a business. A billion dollars is still a ton of money so people still have incentive to strive to get rich but only up until a certain point so one person cannot hoard the world's wealth. So say that we had a govt. that wasn't corrupt and actually followed those guidelines what would be some downfalls of this idea? +I was contracted by a company to create exclusive videos for them for two years. My contract ran up in early 2015 and haven't worked for them in around a year. During 2014, I was paid a total of $950. + +I received a letter from the IRS yesterday, a CP2000 notice, stating that the company reported that they paid me $95,000 in 2014 (obviously a decimal error). The IRS says that I owe them $28,000 before February or my assets get frozen. + +I have the 1099-MISC form the company sent me back in 2014, stating that my compensation was $950. + +No one, that I know of, still works at the company except for the CCO (they were bought in 2015 and became a subsidiary of a much larger company). I emailed the new GM who said forwarded my email to the new accountant and said he is working on tracking down the old accountant. + +What can I do? I'm supposed to move in a few months and can't afford to have any of assets frozen. I know that I must return the response form to the CP2000 saying that I don't agree with all the changes, but will I still have to pay before the deadline if things don't get sorted out by the company soon? + +I feel helpless in this situation. What can I do besides wait for the company accountant to send a correction form? And if they just don't do it in time, am I screwed? +Warren Buffett's company was sitting on $128 billion in cash at the end of 2019. He's in the perfect position to buy at a discount. Is he buying like crazy and we just don't know it yet? Or is he holding off buying because he's expecting prices to drop a significant more? + +Update: a lot of great replies, but the best was from quietHands, who posted a link to this Buffett interview: https://www.cnbc.com/video/2020/02/24/watch-cnbcs-full-interview-with-berkshire-hathaway-ceo-warren-buffett.html + +I wonder if Buffett still feels this way today, a month later. +This has been a really odd ride. I was one of the idiots who joined the bandwagon in January when it hit 80 usd. Everyday has just been interesting, and I've learned more about the US financial system in the last few months then I ever expected to learn In my life time. Thank you all for being here, I'm not sure what will occur when this all ends, but its been a blast experiencing all of this with you guys, +I wanted to revisit the discussion on this post from [2 years ago](https://www.reddit.com/r/CanadianInvestor/comments/ej5map/top_5_canadian_dividend_stocks/) which posed the question "If you could only buy 5 Canadian dividend stocks what would you choose and why." + +There was a great discussion on the post but I wanted to reframe this question in our current environment. What companies do you think are well positioned going into 2022 to maintain/increase their dividend, and retain their true value in an inflationary environment. + +What industries or sectors would you avoid? +* Fed policies could end up threatening the long-term health of the U.S. dollar, investing magnate Stanley Druckenmiller told CNBC. +* “I can’t find any period in history where monetary and fiscal policy were this out of step with the economic circumstances, not one,” the chair and CEO of Duquesne Family Office said. +* Though he agreed with the early steps the Fed took during the pandemic, he said the policies have continued for too long. + +Federal Reserve policies aimed at keeping markets and the economy afloat during the pandemic could end up threatening the long-term health of the U.S. dollar, investing magnate Stanley Druckenmiller told CNBC on Tuesday. + +The chairman and CEO of Duquesne Family Office said the Fed’s insistence on holding interest rates down and buying trillions in bonds even though markets are thriving and the economy is booming is a long-term risk. + +“I can’t find any period in history where monetary and fiscal policy were this out of step with the economic circumstances, not one,” Druckenmiller said during a”Squawk Box” interview. + +Though he does not take issue with the Fed’s initial actions to combat the pandemic-related threats, Druckenmiller said the central bank has kept its foot on the accelerator too long. + +He asserted that the Fed has continued its policies to help underwrite the spending binge in Congress, which has allocated more than $5 trillion in stimulus and is contemplating trillions more in infrastructure-related spending. + +Over the long haul, he said, the policies and the heavy debts and deficits they support will threaten the dollar’s standing as the world’s reserve currency. That status means the dollar is accepted for transactions and as a store of wealth anywhere and is widely held by central banks around the world. + +“If they want to do all this and risk our reserve currency status, risk an asset bubble blowing up, so be it. But I think we ought to at least have a conversation about it,” Druckenmiller said. + +“If we’re going to monetize our debt and we’re going to enable more and more of this spending, that’s why I’m worried now for the first time that within 15 years we lose reserve currency status and of course all the unbelievable benefits that have accrued with it,” he added. + +To be sure, others have warned in the past that Fed excesses could threaten the dollar, but the greenback has retained its position in the world. + +One reason for that is there have been no other viable alternatives introduced. + +Druckemiller has entertained the thought that a challenge could come from the crypto world. He said in the CNBC interview that the ultimate solution could be “some kind of ledger system invented by some kids from MIT or Stanford” though he conceded that “I don’t know what it will be.” + +However, he noted that in the early days of the pandemic, other foreign governments already voiced their concerns about the dollar by selling Treasurys, the opposite of what normally would happen in a crisis when ultra-safe U.S. debt is generally seen as a haven. + +Indeed, foreign holdings of government bills, notes and bonds actually have decreased, falling by $127 billion or nearly 2% over the past year, according to Treasury Department data. Foreigners hold nearly one-third of the public portion of the $28.2 trillion U.S. debt. + +Druckenmiller said central banks have been the root of a lack of confidence in dollar stability. + +“The problem has been clearly identified. It’s [Fed Chair[ Jerome Powell and the rest of the world’s central bankers,” he said. “There’s a lack of trust.” + +Druckenmiller’s comments came a day after he and Duquesne partner Christian Broda said in an opinion piece for The Wall Street Journal that Powell “needs to recognize the likelihood of future political pressures on the Fed and stop enabling financial and market excesses.” + +Similarly, former New York Fed President William Dudley wrote in Bloomberg News that markets are underestimating how much the central bank will have to raise interest rates in the years ahead to keep up with the inflation it is trying to foster. + +The Fed itself, in its semiannual Financial Stability Report last week, said it worried about risks coming from soaring asset prices. + +Druckenmiller told CNBC he has “no doubt whatsoever that we are in a raging mania in all assets.” + +https://www.cnbc.com/2021/05/11/stanley-druckenmiller-says-the-fed-is-endangering-the-dollars-global-reserve-status.html +In Germany right now, gains from crypto are tax-free if you have had the crypto over a year. If you have had the crypto less than a year, you pay income tax on any realised gains. + +&#x200B; + +I would love to hear how it goes in other countries? +**DISCLAIMER**: I'm not a respected member of this community at all, so take my words with a grain of salt. I am an options trader, and a successful one, but you can't believe me just because I said so, and I'm definitely not going to post my trading statements in any public forum to prove it. Furthermore, while I've lurked this sub on and off for years, I haven't been a sub until today. So even more reason to discount everything I say. Nothing here should be construed as investment advice. Consider this post as entertainment only. + +**TL;DR**: Options aren't stock. They're adjacent to stock. Don't trade options like you trade stock. It will cost you money. + +IME, new options traders treat options trading like stock trading. If they believe a stock will go up, then the new traders buys calls, usually OTM or maybe ATM. If they believe the stock will go down, the new traders buy puts, usually OTM or maybe ATM. It's not that this is inherently "wrong," but it's trading options like you're trading stocks. They're apples and oranges. You wouldn't look for houses to develop and flip in the same way you look for race horses to develop and flip. Once again, those are apples and oranges. + +New options traders generally don't appreciate how much more correct they need to be when applying these strategies. If you buy stock, you only need to be right about direction. Timing and magnitude only really matter w/r/t your end-of-year P/L. If you buy a call or a put, you need to be right about direction, magnitude, and timing. Most people who simply go long calls or puts are losers in the long run, at least with their options trading. I used to be that trader 15 years ago. I understand the thought process. But, IMHO, it's incorrect. It's a losing setup. One caveat is if you have insider information. It's illegal in the US to trade on insider information, but an overwhelming amount of evidence shows it happens frequently. I'm not going to comment on the merits/demerits of insider trading. But if you have insider info and you're willing to trade it, most of this post is null and void. + +Options trading isn't stock trading. It's adjacent to stock trading, but honestly only barely adjacent. If you're long a stock, increasing volatility doesn't change the fair price of the stock. If you're long a call or put, increasing volatility dramatically changes the pricing of the option contract. More than anything else, most options trader are trading volatility changes. + +If you're right on the direction of the stock move, but wrong on the timing, you're not markedly affected by the incorrect timing if you're simply long/short a stock. If you bought a call/put, being wrong on timing is devastating. In the most extreme situations, you can be wrong by one day and it can be the difference between losing all the money you used to purchase the contracts and winning ridiculous sums of money. Second only to volatility, most options traders are trading time. + +Even still, you can be correct on direction, correct on timing, but incorrect on the magnitude of the move. When you own stock, that simply means you earned less than you expected. When you're long calls/puts, that can (and often does) mean you lost all of the money you put in. + +So options sellers trade two things more than anything else: volatility and time. Stock traders don't trade either of those two things. So don't treat options trading like stock trading (strategies at the end about how to treat options trading like stock trading if you want to otherwise ignore this advice). + +Generally, the buyers of options contracts are net losers. That doesn't mean you can't be a buyer of contracts and be a winner. You can. I know a couple folks who do that successfully and have for years. But it's a harder road than just being a good stock trader. You need to be great at picking stocks AND good at trading options. + +Generally, the sellers of options contracts are net winners. Similar to buying calls/puts, I know of several exceptions to this rule of thumb. IME, losing options sellers do not do a few things correctly. First and foremost, they risk too much (can be said for unsuccessful option buyers as well). They don't understand Kelly Criterion, or don't understand how much inaccurate assumptions can affect Kelly. Successful traders I know only use 1/2 Kelly or less due to this lack of firm percentages. People often also misunderstand what "risk" is in Kelly. Using stock as an example, if you buy XYZ at $100/share for 1 share, you've spent $100. But you haven't actually risked $100. The full amount of the $100 isn't at risk unless XYZ drops to $0 overnight. If you place a stop at $90, you really only have $10 at risk in most situations. So if in a given trade, 1/2 Kelly says you should risk 2%, you have 1 share at $100 with a stop at $90, and your trading account is worth $500, you are risking exactly the 2% that 1/2 Kelly says you should. However, if you only had $250 in your trading account, you're risking 4%. That's double what you should risk. You're going to blow up your account if you do that. If numbers like 4% seem low, you really need to read up on Kelly and the math behind it. Or read "Market Wizards" and "New Market Wizards." It's been a couple of decades for me, but in both of them, I remember nearly all of the traders talking about risking more than 2% per trade is being a fucking gunslingin' cowboy. These are all top traders of their era who would've likely been more comfortable with risk than their contemporaries. And yet, they almost unanimously agree on what feels like (to most) extremely small levels of risk. We know more know based on Kelly, but also know that overestimating probabilities when calculating Kelly can quickly change good sizing into poor sizing. Which is why 1/2 Kelly is usually the max for most successful traders. Second, losing sellers of options contracts misunderstand or underestimate how changes in volatility affect their position. In doing so, they often sell too many contracts during low volatility. The inevitable increase in volatility wipes them out. This ties in with risking too much (specifically, risking too much in environments that aren't necessarily favorable to selling). + +Finally, whether long or short, winning options traders know how to manage their positions once the positions are on. How do you know how to do this? Practice. But "practice" doesn't mean you need to trade and lose a bunch to figure it out (though that does tend to cement things into place rather quickly). Bring up ToS (or whatever broker you use), and put on a simulated trade. What happens if it moves against you? For you? For you, then back against you? Against you, then back for you? What happens when IV goes up a little? Goes up significantly? Goes against you? Etc. For EVERY one of these situations, you should always go through all the options to change the trade. For every one of these positions, you should understand why. If I'm short an IC and the stock is testing one of my legs, should I roll up the untested leg? Why? What additional risks does that bring? What benefits? When should I get out of a trade? What should I do with my IC if the stock just keeps running relentlessly? What about when it moves 10%, then stays? + +Do that for every position you consider. Do it 100 times. Do it 1000 times. If you don't know how to manage and defend a position, you probably shouldn't be trading that position yet. Maybe find a way to use the positions you do know how to manage, then also increase your knowledge in how to defend the position you rather would've taken. Read traders' blogs. Watch Tasty's vids. Get any knowledge you can, then don't accept it at face value. You still need to work through all of those examples. Why is this blog saying "do X?" Why does Tasty say "do Y?" What risks does this strategy mitigate? What risks does it reopen? You **NEED** to know those answers. You **NEED** to know how you can best react, within your risk level, to all of these situations. Figuring it out on the fly doesn't work in the market. You will lose money if that's your outlook. + +Now, if you're new, you aren't yet thinking like an options trader, and you want to trade options, there are still a few good ways to do it. If you think a stock/index is going to go up, buying deep ITM calls with a delta of at least 90 is a good start. You get to participate in (nearly) all of the moves of the underlying, but get to do so at less capital expense. DITM options have very little of their value in extrinsic value. If you don't know the difference between intrinsic value and extrinsic value, **now is the perfect time for your first google search** in your quest for more options knowledge. **DO NOT** control more underlying than you would if you were trading straight stock. "*If I'm not going to get any leverage advantage, why would I even pay the premium instead of just buying the underlying,*" you ask? Well, for very little premium and a far lower capital outlay, you get to control the same amount of underlying. Now, you can take that extra capital you didn't need to put in, and buy some low-risk, interest-bearing instruments. If you normally are simply long S&P500 index funds, for example, now you can be long DITM calls on that same fund, but take the other 50% of your capital (estimating) and gain another 2+% on interest bearing instruments. If the S&P gains 10% over the year, you're getting 11% (10% + 1/2 of the 2% interest since only 50% of your money is in the bond). It's the simplest, easiest way to beat the market every single year. You just need to make sure you roll your calls forward before expiration. + +Or, you can buy ATM calls and sell ATM puts to have (potentially) even less capital outlay and invest even more money into interest-bearing instruments. Or can buy DITM calls and sell near-term OTM calls to make a synthetic covered call and collect on time decay. Doing so would still free up a lot of capital to invest in low-risk, interest-bearing instruments (or any other instrument of your choice). But it would also allow you to collect time premium every month, thus lowering your cost basis even further. + +You wanna short a stock, but can't because it's in an IRA and the rules don't allow you to? Buy a DITM put. + +The point of this (ridiculously) long post is that you shouldn't jump head first into options trading. More sophisticated traders will eventually take all of the money you allocated to options. Get a good understanding and start small. Do lots of research and lots of "what if" exercises. Start with a few strategies and learn them inside and out. Only then, add your next strategy to your arsenal. Don't trade options like they're stocks. They aren't. They're a completely different animal. Respect that. Learn what's different, why, and how that affects your trades. Eventually, learn the greeks way deeper than you think you need. After that, you'll be able to start coming up with *actually* good trading setups. But only after you understand the greeks pretty deeply AND can simply know how changing any of them changes your position, strategy, what options you have to defend/adjust, etc. The path to being a successful options trader isn't sexy. It's boring. It's work. But it's doable. So do it, or stick to stocks. If you ignore that last sentence, you will lose money in the long run. + +I'm ready to get roasted, so have at it. +I'm poor. Bottom line. Im negative in my account because of insurance and other expensive and I havent been able to get a job fast enough to keep up with it. I even loaded up about 200k worth of tools in the back of my shit box and tried to be a street mecanic since I have the know how. I made 60 bucks after an entire week of trying. Im a very handy guy so anything really on the table for me. +So I worked about 50 hours at my new job the last two weeks and made my first paycheck, keep in mind that work is just 20 minutes away, about as close as can be. + +I made just enough money to be able to spend the 140 dollars it costed in gas to get there and back and pay off a little bit of a bill I had. Maybe next two weeks I can afford to pay the rest of the bill + +How do people afford to support anyone, let alone themselves on 10 an hour? +Hey guys around back in February I threw my last $150 into a small market cap coin because of a meme and it left me with around 27k when I sold. I made several transactions and my portfolio fluctuated between 9k and 40k up until now. Due to the crypto crash I’m down 10k+ on another small market cap coin that I got in early on. But I have $5,000 in ethereum (I’m planning on putting this money into the same coin), 3k in PayPal (they froze my account due to large amounts of spending). In total I have 2k cash I can immediately access, but 4900 that I cannot access due to my bank account being closed, PayPal being frozen, and my dad owing me 3k. If the small market cap coin 10x-100xes I will be very well off, but not everything in life is guaranteed and I’m here to ask for advice in case of a worst scenario. The past two terms in college I have done no work at all, and I’m trying to study to get my IT certificates so that I can get a job regardless of my academic performance but I have such a hard time focusing on literally anything. Student loans aren’t an issue but I received financial aid and I don’t know if I’ll have to pay that back if I don’t pass. I understand that I am in a blessed position but I can’t help but things just won’t work out. With 5k cash and no bank account, what moves can I make to secure my well-being long term? +Hello, +I am a 33 year old guy with a job that pays decently well. I have struggled most of my working life on extreme low pays and worked my way up to this. But i now fear its not enough considering everyone depending on me financially and things i need to get done. +I fear i cant figure out how to make more money than i am right now and dont see myself growing much from where i am. + +Please help me figure out how rich people think. I do not have any business ideas. I am not a great investor, i have some which are all in red since beginning of this year. I just cant seem to figure out how rich people somehow always figure out how to make money. +For all of those who talked to their family members about the markets at Thanksgiving dinner, and convinced them to buy crypto or stocks. A good idea in general, but the timing could not have been worse. + +At this very moment, members of our community are getting throttled like Bart Simpson by friends and family members who put too much money into the markets right before a big correction. + +Now all that we can do is have a moment of silence for our brothers and sisters who are facing all of the blame and frustration of their loved ones for giving them solid advice but at the wrong time. Hopefully we will all recover and be able to say I told you so in the future +\[Request: Please consider only replying if you are a current or past client of a Multi-Family Office or if you have significant first hand experience with one. If you work for an MFO, please disclose that.\] + +# About Me + +I'm in my 30s, categorized as UHNW with a $30m+ investable portfolio but don't have anywhere near the capital to build out a Single Family Office (I think around $150m+ would start to make sense for that). I am currently evaluating whether or not to engage with a Multi-Family Office vs sticking with a DIY strategy. (\*Note: I love and contribute to r/fatFIRE separately but am using a throwaway for anonymity here. Happy to verify with mods if that would be valuable to the sub.) + +# My Current Understanding of MFOs + +My current mental model of an MFO is as follows: I pay an AUM fee (.5% - 1.0%?) in exchange for comprehensive financial oversight of all my assets including investment planning, asset allocation, Private Equity and Real Estate sourcing / access / execution, liquidity management, asset protection, tax planning and avoidance, accounting, behavioral coaching, philanthropy advice, family dynamic help, legal structuring, on-call legal advice, etc. + +PRO: Single point of contact for an increasingly complex financial life. This did not seem necessary at $10m, but somewhere around $20m things got complicated. Typical service providers, accounts, policies, tax strategies, online portals, etc. have seemed to grow exponentially in complexity (and are now breaking down) at my current net worth and lifestyle. The amount of time I now spend trying to optimize "simple" financial tasks when sums are in the millions of dollars is staggering and unpleasant. + +PRO: Constant set of eyes to optimize my entire legal, tax, and financial well-being. Again, above $20m-ish, there seems to be a whole new world of strategies that is hard to learn by DIY. Particularly given an ever changing legal and tax world, long term this is a blind spot for me unless I devote part-time hours for the rest of my life. + +PRO: Access to pooled alternative investments, particularly Private Equity and Real Estate that I find difficult to gain access to otherwise. + +PRO: Access to slightly superior rates and terms across all financial instruments, i.e. someone is always negotiating for extra basis points on every loan, line of credit, private fund, etc. + +PRO: Downside protection + Wealth Preservation: Wide-ranging and comprehensive behavioral protection against me doing something very stupid at some point. + +CON: COST and portfolio drag. All of this comes at a cost and that is basically the one big con I see here. Assume a portfolio of $50m and a blended fee of 1.0% AUM (maybe this is high? Please share your experience). This is going to cost $500,000 per year and presumably will continue to increase as the portfolio grows. + +# Questions + +My core questions are as follows. Please answer any or all where you can be helpful! + +1. FEES: For a full service MFO as described above, what AUM fee were you quoted? How much were you able to negotiate down, and where did you ultimately settle? What other fees were involved? +2. EXPECTATIONS: Where did your MFO overpromise and underdeliver and vice-versa? Was anything different than what you expected? +3. FREE TIME: Did an MFO actually reduce complexity and free up time in your life? Or did it add more complexity? +4. AFTER TAX RETURNS NET OF ALL FEES: How do you think your portfolio performed relative to a simple 3-fund portfolio, a roboadvisor, or some other DIY method? +5. QUALITY OF EXPERTS: Did you feel you would have hired better quality accountants, advisors, lawyers, etc. if you had spent the time to hand select them and build your own team? Or did the MFO attract very high quality people? +6. OVERALL VALUE: Subjectively, is / was an MFO worth it to you? +7. (ANTI-)RECOMMENDATIONS: Are there any firms you would like to recommend or warn others about? \[Note: If you don't want to share publicly, please DM me and I'll keep it in confidence\] +8. ANYTHING ELSE: Am I missing the forest for the trees? What are my blind spots? What other questions should I be asking? + +# Thank You + +Thank you SO MUCH in advance for reading this far and considering sharing your advice. I am trying hard to make a well-informed decision on an uneven playing field. Hopefully this can help me and others in the future who go through this same scenario. +At this point, I think a flippening between BTC and ETH is more likely than not. Personally, I think the odds are really good, but even the most pessimistic view would probably give this at least a 50% chance of happening. + +So, for some friends who still hold BTC and are wondering when they'll know it's time to get into ETH, I offer the four horsemen of the flippening. + +1. Market Cap. In the past, I thought this was going to be the 2nd horseman, but now I think it's going to be the first. Largely because as market cap gets closer and closer, more folks will move their position from BTC to ETH. At some point in time, ETH's total market cap will equal BTC. That's the first sign that the flippening is here to stay. + +2. Transaction volume. BTC has first mover advantage and they're still the leader in this space. If a place accepts crypto, they accept BTC. Most places don't accept ETH, yet. So, when ETH's total transaction volume equals BTC's, that's the 2nd horseman. It means that folks are using ETH (or at least buying and selling it), AT LEAST in equal measure to BTC. + +3. Public realization that 1 and 2 have occurred is the 3rd horseman. At first, let's be frank, only a bunch of crypto-nerds like me will even know that 1 and 2 have happened. But when the media starts reporting that BTC is no longer king, then when new people enter the crypto space, they'll enter with ETH, not BTC. Likewise, folks who don't follow this stuff much, maybe own a few BTC but don't fully understand why, will start moving to ETH. + +4. The final horseman of the flippening will be a mad rush to the exits for BTC holders. This will be like a bank run as folks realize that the only thing keeping BTC in the business (that it is the biggest, because it was first) is no longer true, and that ETH is better at everything than BTC was. When BTC falls, it will fall incredibly quickly. It will probably always be worth SOMETHING. After all, Litecoin is worth SOMETHING, but I think a valuation of 10% off the current valuation, or maybe 5% or 1% isn't out of the realm of possibility. LIkewise, this will case an equivalent runup in ETH. The people selling are crypto enthusiasts and early adopters. They'll want to stay in this space, and the main likely alterative will be the space's leader: ETH. At some point during the 4th Horseman's arrival, 1BTC will equal 1ETH, but this will be largely meaningless, because it will happen not just because ETH is rising, but because BTC is falling. + + +I see these 4 things as inevitable. To me, it's not a question of "if", it's a question of "when". I'm totally out of BTC, because when these things happen, they'll happen so fast that people will truly not have time to react. + +Best of luck to everybody, including BTC HODLers. It's just that when you see these horsemen arrive, it's already happening. + +Or top paraphrase some famous words from the BTC world: This will be gentlemen. But only if you're in ETH. +According to these articles: + +* [https://www.thegalacticadvisors.com/post/gift-tax-in-india-and-usa](https://www.thegalacticadvisors.com/post/gift-tax-in-india-and-usa) +* [https://www.forbes.com/sites/matthewerskine/2022/11/04/irs-announces-estate-and-gift-tax-exemption-amounts-for-2023/?sh=7508d1c02817](https://www.forbes.com/sites/matthewerskine/2022/11/04/irs-announces-estate-and-gift-tax-exemption-amounts-for-2023/?sh=7508d1c02817) + +I can (as US NRI) gift USD 16,000 to each parent for 2022. USD 17,000 in 2023. To those who have successfully done this in the past, can you please help with exactly how to do that? + +* Do I transfer from my US bank directly to my parent's Indian bank? Or, can I first transfer it to my NRE followed by their bank account? +* What would be the best channel to transfer the money, so that it gets 'counted' as a gift? +* I suppose I'll have to create a gift deed... +* During US tax filing, do they ask for any evidence of the gift? If yes, what do they consider as evidence? + + +I am completely lost. My fiancé broke up with me out of the blue (for me anyway). We had been together for 5 years and I was living in his house. Now I am completely heartbroken and also homeless. For the time being my daughter (14) is with my parents and I am in the nearest big city, four hours away. + +I was looking for a job in my profession for almost a year in our small town. I was rejected over and over. Within two weeks in the city I have found a job. That is, I signed the contract, its still pending on my background check. It pays $49,000 a year and has full benefits. To save money I am sleeping in my car and couch hopping with the few friends I have in the city while I hunt for a place to live. I start work August first and really want a place by then. + +**Here's where I’m at..** + +**Assets** + +$5,000.00 in my accounts + +20 year old Subaru, so no car payments + +Some apartment furnishings + +No credit card debt + +Probable job + +**Issues** + +I made $4,000 in cash last year and didn’t file taxes + +No idea about credit score or if I can rent an apartment + +$480 a month in student loans + +I’m so thoroughly heartbroken it hurts to breath and I can’t think straight + +**Some of my questions are..** + +Should I try to check my credit score and if so, how? + +Do I need to figure out a way to file back taxes? + +What steps should I take now to exist on my own financially? + +Is it better to have a studio for two people that I can easily afford or a larger place at the top of my modest budget? Going rates are- studio $900+ a month, 1 bedroom $1000+, 2 bed $1200+ + +What else am I missing because of my compromised mental state? + +I am not used to reaching out for help, especially to strangers on the internet. However I am so lost that I really can’t do this on my own. I have always been impressed by the ability and willingness of this community to help people see a way forward and so I am humbly asking for your advice. Thanks everyone + + +UPDATE: LIQUIDITY GOT LOCKED. HUGE POTENTIAL. + +Okay without too much shilling how this is gonna be the next SafeMoon, ElonGate or whatever, I'm geniunely inviting you to DYOR and check out AutToken. + +TL;DR + +* first Autism focused charity token +* 2% of each transaction goes into the donation wallet +* weekly donations towards various autism charities (decided by the community on a weekly twitch stream) +* ownership renounced, presale done, pancakeswap launch in 30 mins +* devs fully doxxed +* contract: 0x47b80b600d5e4d2a6c2e1bda0e2d460ef6689850 + +AutToken is the autism focused Charity Token on the Binance Smart Blockchain. It benefits both its investors and the Autism community by donating 2% of all transaction fees to various autism charities live on Twitch every week. + +A message from the devs: + +>We’re committed to investing our expertise and resources in order to do something good for a cause very dear to us. With so many rug-pulling schemes out there, we wanted to create something which would benefit the large autistic community and also be a safe, worthy and rewarding investment opportunity for the tokens community, and so we Created AutCoin, the Worlds First Autism Focused Charity token. We are completely transparent for your peace of mind. +Our plans focus mainly on donating through the donations wallet. Every so often, we, with the help of the community, will choose charities or funds which are in line with our goals and donate a sum of money to them live on stream. We will take steady and honest steps to fulfill our goal; to help change attitudes and create a society that works for the autistic community. + +Tokenomics: + +* 2% of tx will automatically go to the charity wallet +* 2% of tx will be redistributed to holders to incentivize long-term holding +* 2% of tx will go towards the locked liquidity pool + +DxSale successfully done, 300 BNB hard cap reached and sold out within 10 seconds. + +website: [www.autcoin.io](http://www.autcoin.io/) + +telegram: [www.t.me/AutCoinn](http://www.t.me/AutCoinn) + +bscscan address: [https://bscscan.com/token/0x47b80b600d5e4d2a6c2e1bda0e2d460ef6689850](https://bscscan.com/token/0x47b80b600d5e4d2a6c2e1bda0e2d460ef6689850) +Look, I hate to sound like a crappy kid, but my mother and her husband (not my father) have always considered themselves financial gurus and haven’t made great choices. Their retirement plan involves way too much of ME. I just want to protect myself and my family because we can’t afford to float them for their poor choices. + +Background— my mother met my stepdad and carried nearly $20k in CC debt with her from her previous marriage. She also was getting a huge discount on rent because the landlord (also her boss) was feeling sorry for her situation. My stepdad owns his own small business, and believes cash is king. He had a nasty divorce himself, having to buy back his house from his ex, essentially paying a mortgage on it twice. Mom was making like $30k when they met, he was making $100-120k. + +He’s older now(58) and his hard manual labor self employed business is taking its toll on him physically. I don’t think he’s breaking $100k anymore. I’d say $60-80k now that he’s slowing down. But his income is 100% tied to how much he wants to work. He also cuts grass on the side but that’s probably under $10k income a year. He has been the type to prefer cash transactions, did not even invest in retirement and I honestly don’t even know if he is paying in to social security. He just recently got added to my moms health insurance. + +My mom(53) now has a state job making like $50-55k a year. Maybe there 3 years? She only contributed 5% of her pay to retirement to get the match, but has like 8% or something a paycheck that goes to her pension. She told me her retirement is currently down to like $70k right now. She refuses to add more because “the way the market is I don’t wanna be locking money up and it not benefitting me”. + +They still live a comfortable life. He recently just purchased a $30k toy he’s making payments on, and a $12k lawnmower. They took a month long vacation in 2019 to tour the country, and it cost them like $10-15k. They intended to do the same again soon, and potentially yearly. + +For them, retirement is an age, and my stepdad intends to retire by 62-65 at the latest. My mom will probably be retiring by 63. I have been trying to figure out how they will accomplish this, and they finally told me they intend to reverse mortgage the house. I’d estimate it to be $700k max in this market. Once they pass away, they intend for ME to buy the house back from the bank. (That’s no where in my plan). They are adamant on this part. + +Let me add that my mother is not on the deed for the house either. She talked about getting some living estate drawn up to protect her if he passes first, but he doesn’t sound game. He doesn’t think it is necessary. Neither have a will either. I don’t know how any of this works. + +Look I think this is all a bad idea, especially with their retirement plan of traveling the country, but I’m not here to fix them. If I can give them guidance, great, but I don’t want to be saddled with debt or them providing my social for any “deal” they intend to set up. Unfortunately they have tried that before. How can I protect myself? + +Also, how the heck do I help them without financially help them? What guidance can I give them? I don’t even know where to start. I foresee them going broke and knocking on my doorstep begging to be let in, but we can’t afford that. Not now, not in the future. We will have children and our forever home doesn’t have space for them. What happens to people who try to retire and run out of their money? If they reverse mortgage the house, would they then be homeless? I don’t know how it all works but it all stresses me. They are the type of people who believes their children should care for them no matter what if they need help. But I have warned them many times I cannot be their retirement plan. + +EDIT - so this post took off way past what I expected. Some notes: + +Thank you for those who took time to outline how a RM works, and guidance I can provide my mother (if asked!). + +I have no want or desire for “what I will get” out of them. I WANT them to live in their home, happily, and die at a happy old age in their comfort place. Then I want the bank or state or whoever to go ahead with the house. I don’t need it. I don’t really want it. It’s not about the money (because we could def use money). But that’s not MY money so it’s not for me to worry about. Therefore I just assume a $0 inheritance and am perfectly content with that. Ideally they should spend every last dollar on themselves making themselves happy. But I just fear they will outspend their money and will come to me seeking my financial support. And I can’t be that for them. In no fashion. Financially, and based off poor relationship/history there. I won’t do it. + +I realized more so that this is also just a big relationship issues question, more than I wanted to believe. I was dancing around the thought of how do I turn my elderly parents away, who have squandered away all their funds through poor choices, and still sleep at night. If this was a healthy relationship, and didn’t have so many poor past experiences, I’d probably save a lot of money on therapy and not be here asking this question. But it truly is a relationship issue that unfortunately blends into financial issues when boundaries are not upheld. So I will speak with my therapist on this topic again. I will work on constantly reminding them of these boundaries when THEY bring this conversation up, and remain firm. + +I appreciate everyone who took the time to reply. I read every comment and tried to process it. +Warren Buffet's annual letter to shareholders is now available on Berkshire's website: [https://berkshirehathaway.com/letters/2019ltr.pdf](https://berkshirehathaway.com/letters/2019ltr.pdf) + +Berkshire's 2019 144-page annual report is also posted: [https://berkshirehathaway.com/2019ar/2019ar.pdf](https://berkshirehathaway.com/2019ar/2019ar.pdf) +I will go first. Trusting my contractor when he said his guys could do the more complicated tile work in the primary bathroom, instead of subbing to a tile specialist. Let me learn from your experiences so I don't do more of that kind of dumb stuff in the future. +With the North American markets being so dominant, many investors globally have easy access and insight to US companies and brands. I think many investors stick to investments in the US and their home nations equity market for a variety of reasons from, language barriers, cultural differences, and a lack of understanding of foreign brands. + +With the entire world investing in the US, their markets have become bloated, commanding higher earnings multiple than you would find elsewhere. On that thought I’d like to explore what insight you the reader may have into other markets globally and maybe some of your favourite stock picks also. + +Let us know the market you are promoting and why you think your investments in that market may be of interest to those without your geographical insight. +I know that VT has 8000+ companies and VWCE only 3500 but smallcaps went up 4% so it cant be the smallcaps pulling VT down. The big positions are the same for both. My only guess is that after EU markets closed with huge profits for VWCE, everything fell and VT went down? + +Can someone pls explain this to me? +Hey folks, I just got a new job, and I’ll receive €45k plus bonus. Which after taxes will be around 3k per month. + +Today I have a wage of €2k and I have €1.4k with monthly expenses. + +With this new “extra” money of €1.5k per month where do you suggest me to invest or do with the extra money? +The allure of quick money. I hear about a student whose wealth jumped to $110 million overnight, but the question is how often does this happen? And if it happens, how consistently can it happen? Personally, I’d go for the tried and tested method of log-term investing, the kind Warren Buffett teaches. + +What do you think? Who wins in the long run, traders or investors? + +Do you think trading can consistently work in the long run? +Hi, I wanted to ask you for an advice. Thanks to my bad financial habits and investments I now have a debt of almost 26 000 euro, while my monthly salary is only about 1200 euros. I know that there is no quick route to pay for the debt this big but I just wanted to know, what would be the best way to have healthy finances and be able to pay off the debt more easily. Some info about me: +Im from Czechia and in 24 years old. +Thanks for any advice! :-) +Gave notice and resigning from my tech job in 2 weeks. Tired and burned out from not being able to do what I want to. + +Don't have a job lined up but technically in final rounds a 3 big tech companies. Interview process has taken over 2 months. If I don't get an offer, I'd take 6 months off. If I do get an offer, I'd try to negotiate between 2-6 months off before starting. + +Currently don't have a plan for what to do in my sabbatical except that I have more than enough finances to cover monthly expenses for 6 months without diving into 401k. Also researched healthcare and will be getting Cobra after I resign. + +What should I do and what should I avoid during my sabbatical? + +Some ideas I am considering: + +* work out - both morning and evening +* Explore some business ideas (build a couple websites and see if any ideas stick) +* Go camping at various parks for a few weeks. +* pick up new hobbies that I've not had much time to try like piano or learning a language +* cooking classes - one of those that's multiple days in-person cooking. +* block/avoid social media for at least a month. +* Edit: adding volunteering - I like this suggestion from a few responses. I didn't think of this. + +Avoid: + +* luxury travel - don't want to blow up expenses. Mostly stick to roadtrips and camping. Maybe a couple of flights to the other side of the country for weddings etc. + +&#x200B; + +* Point taken: I won't do these unless I'm really bored + * ~~Work part time as a barista for a few hours a week~~ + * ~~Work as an uber driver for a few hours a week~~ +ARK Invest founder Cathie Wood offered the latest defense of the once-highflying, disruptive innovation strategies that had made her suite of exchange-traded funds among the most popular, and best-performing, on Wall Street in 2020. + +In a Friday evening blog post, Wood said that despite a brutal stretch that has compelled the operators of the ARK Invest ETFs, including the flagship Ark Innovation ARKK fund, to do some soul-searching, the fund manager is sticking to her game plan. + +Read more: https://www.marketwatch.com/amp/story/cathie-wood-says-stocks-have-corrected-into-deep-value-territory-and-wont-let-benchmarks-hold-our-strategies-hostage-11639795224 +I’ve been in and out of the trading game for 5ish years now. Been studying concept after concept, market to market, and strategy to strategy. After all this time I’ve finally become profitable, but I can’t help but ask myself…what now? + +There’s a lot of confusing things I have to grapple with now: taxes, how to live off of trading (with its up and down months), what happens if my consistency goes down, and most importantly I keep asking myself will this be seasonal? Is my success only temporary? + +Everyone focuses on getting that green overall PnL number, but literally no one talks about what comes after. It’s so tunnel visioned that most people are left to their own devices and mess ups after the fact. I’m just curious what those in this sub who are long term profitable do. +Article [here](https://business.financialpost.com/real-estate/pandemics-economic-hangover-will-hit-home-prices-by-2021-cibc-economists-predict) + +“By 2021, as the economics of housing returns to fundamentals, we expect an array of factors to result in a weaker market with some downward pressure on prices.” + +Demand will drop because of a weak jobs market and weaker investment, expect Tal and Judge. Meanwhile, some homeowners will be forced to sell, increasing supply to the point it could outweigh the effects caused by reduced supply of new housing. + +Even with the introduction of a vaccine the economic recovery could be sluggish. Much of the rise in unemployment represents temporary layoffs and jobs that will be regained in the recovery, but some of the economic damage being done will linger longer, Tal and Judge added. This could leave unemployment at around eight per cent next year, they suggest. + +“The cumulative damage suggests that when we recover, potentially at one point in 2021, we will be recovering into recessionary conditions,” Tal and Judge said. + +While moves by the Bank of Canada to lower interest rates and inject liquidity into the financial system are helping with mortgage rates, the cost of borrowing “is always secondary in an environment of low confidence, increased unemployment, and slower income growth,” the CIBC economists wrote. +First order of business is to acknowledge yesterday's solid quarterly report DD from you guys. I fell into fish guts without much thought, Couldn't resist the first -18.18% downramp. Since then had more time to think about the exit plan . First thought, f it hits 0.55 sell coz that's my mortgage gone + + Upon reflection that's emotional and wrong. + +The more I think about it ,the more I'm convinced the end game is NZS is to be bought out by a HK or mainland investor .A couple of things have happened that firmed my view. A couple of weeks ago reports emerged that a huge Chinese fleet is pillaging the Galapagos Islands, It demonstrates how desparate the Chinese are for marine resources, Also this week the Australian government has pushed back against Chinese interference in Australian institutions ( about fucken time) NZ will benefit .I see food security as China's strategic weakness I think the investor will buy NZS just for the quotas ,Close down the Christchurch factory and fly the fish to the mainland to be processed where labour costs are minimal. Will take at least two years, + +In the.meantime ,I'll just read your shit posts and chill. +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). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +I want to do a mixture of day trading with swing trading. For day trading: +- Trade oversold at support, sell overbought at resistance in penny stocks and mid caps (20-50 dollar range). +- Aim for at least a 10% gain on capital per trade. +- Every fifteen trades profit amount is doubled, starting out with $10 per trade. +- Keywords: patience and discipline. + +What would you advice me? See any flaws? I'm trying to learn as much as I can and am determined to reach my goal. + +EDIT: +To those who took the time to offer motivating words and sound advice: thank you very much! Even though this isn't the most realistic of goals, striving for it and reaching 250k is fine too, of course. + +To the rest: +I always try to temper my expectations, but seems like something is coming up (again). + +&#x200B; + +Would he just buy a bunch of stock, raise the stock price, just to do nothing for months again, allowing SHF's to slowly drive the price back down? I don't buy that. Except *maybe* if he's making a statement to the SEC/DOJ etc. + +&#x200B; + +Either way, something's up. He's gotten a lot more bold, less cryptic, and most importantly, PUTTING HIS MONEY WHERE HIS MOUTH IS (following up on his previous tweets). + +&#x200B; + +Stonk gonna blow soon! But I'm ready to be disappointed again. +The Fourth Industrial Revolution is characterised by the fusion of the digital, biological, and physical worlds, as well as the growing utilisation of new technologies. It is the trend towards automation and data exchange in manufacturing technologies and processes which include: + +* Cyber-physical systems (CPS) / Cyber security +* Cloud Computing +* Ai +* Advanced Robotics / automation +* Big-data +* 3D printing +* Quantum computing (hypothetically) +* Robotic process automation (RPA) +* Semi-conductors +* Biotechnology / Healthcare +* IoT manufacturing +* Renewable energy +* Manufacturing / Mining + +Of course there's discussions which one are part of the industry 4.0 so I might be missing a few. + +since I believe that we are still at the start of this revolution, I want to invest in promising companies related to those industries. Some companies already have proven themselves, others are still in the 'startup' fase. + +**Hereby a list of the companies from which I think are the best or will be the best in the corresponding sector. What sectors and which must-have companies am I missing?** + +**Note:** some sectors are very broad so they might overlap. + +&#x200B; + +* **Cyber-physical systems (CPS) / Cyber security** + * **CrowdStrike - $CRWD** + * Offers a broad spectrum of solutions with the main goal of cyber-security. Some well-known clients where they have solved hacks are Sony Pictures and the DNC (Democratic National Committee). The company is the market leader in the cloud-based endpoint security segment and is also expanding into 5G network security. + * **Cloudflare - $NET** + * Offers a wide range of network services to companies around the world. Cloudflare's intelligent global network spans more than 200 cities in more than 100 countries. It provides network security and improved network performance and reliability to an increasing proportion of the total Internet used. More than 15% of the internet is used via Cloudflare + * **BlackBerry - $BB** + * They are working on AI powered cybersecurity + * They also work on QNX. QNX is a real-time embedded OS that controls software systems in (modern, especially EV) cars and forms the basis of solutions such as BlackBerry Radar, an IoT based asset tracking system for the transport sector. + * Spark Suites: Spark provides visibility and protection for all endpoints, including personal laptops and smartphones used for work. It uses AI, machine learning, and automation to provide better cyberattack prevention. + * **SUMO LOGIC - $SUMO - DD from** u/FlynnPierce + * SaaS platform focused on data analytics and they will likely be the first to be able to call themselves a cloud-native solution for continuous intelligence. To be fair, they themselves pioneer this concept of “continuous intelligence” where companies can have real-time insight and communication with their data. + * On March 10, 2021 they acquired DFLabs to enhance their cyber security offering, and claim that the SOAR system they inherit from the acquisition is 10x more effective in improving security operations productivity. + * Benefits over competitors: design and ease of use, scalability and oriented quality. + +&#x200B; + +* **Cloud Computing** + * I'll include Amazon and Microsoft since they deserve a spot in this list. But as @[ArtakhaPrime](https://www.reddit.com/user/ArtakhaPrime/) mentioned: Amazon and Microsoft "are already some of the biggest in the world and make all sorts of stuff. It's entirely possible their innovations will be integral to aspects of the 4th Industrial Revolution, but it may also only be a relative drop or glass in the larger bucket that they currently represent." + * **Amazon - $AMZN** + * **Microsoft - $MSFT** + * **Cloudflare - $NET - See DD in previous category** + * **Fastly - $FSLY - Need DD** + * **Digital Ocean - $DOCN - Need DD** + * **DataDog - $DDOG - Need DD** + +&#x200B; + +* **Ai** + * **C3Ai - $AI - Need DD** + * **Nvidia - NVDA - Need DD** + * **Intel - INTC - Need DD** + +&#x200B; + +* **Advanced Robotics / automation** + * **Teradyne - $TER** + * Focusses on industrial automation, semiconductor testing, wireless testing and storage testing. Customers are Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM. **Some of their business units are:** + * The System Test Group: they build test machines for printed circuit boards and hard drives + * LifePoint: test machines for manufacturers of wireless modules and consumer electronics. + * Universal robots: provides collaborative robots (cobots) that work side by side with production workers. UR-cobots automate tasks such as machine loading, packaging, gluing, painting, polishing and assembling parts + * Mobile Industrial Robots: offers autonomous mobile robots for the management of internal logistics (for loads under 1,500 kg). These robots are currently used in the transportation, healthcare, pharmaceutical, metal and plastics, fashion, technology and food industries. + * AutoGuide Mobile Robots manufactures modular industrial mobile robots (for loads up to 45,000 kg). These high payload robots are used for assembly, material handling, storage and distribution across multiple industries. + * **Cyberdyne - $CYBQY - Need DD** + * **ABB - $ABB - Need DD** + +&#x200B; + +* **Big-data** + * **Palantir - $PLTR** + * This is the way + * **SalesForce - $CRM** + * Big data CRM (big data customer relationship management) refers to the practice of integrating big data into a company's CRM processes with the goals of improving customer service, calculating return on investment on various initiatives and predicting clientele behavior. + * Salesforce is the leader in the CRM sector. Recently, Salesforce has acquired the big data firm “Tableau” for $15.3 billion and Slack for $27.7 billion, adding muscle in its fight with some major leaders. Moreover, the integration of Salesforce CRM and Big Data will enable businesses in analyzing customer patterns and preferences. + * **SnowFlake -$SNOW - Need DD** + +&#x200B; + +* **3D Printing** + * **Desktop Metal - $DM** + * Co-founders are MIT alumnus Ric Fulop and 4 other MIT professors. + * They have a new patent called "single pass jetting". It takes most 3D printing machines several times to print one layer, Desktop Metal can do it in one go. This makes them by far the fastest in the entire industry (up to 4x faster) - Speed ​​means lower costs, what DM printers can do in 1 day, takes other printers 3-4x that time. + * They have secured a global distribution network of more than 80 partners in 60 countries offering their Live Parts software as SaaS. Live Parts is an AI software that allows users to automatically generate printable object designs. The program allows users to enter specifications for an object and then create a computer model that can be printed. As a result, they are assured of huge income in addition to their hardware + * Today, Desktop Metal announced that it launched Desktop Health, a line specifically devoted to healthcare-adjacent products. The line encompasses a number of different technologies, including binder jetting, bioprinting and various materials. + * **Nano Dimension - DD is from their website** + * Nano Dimension’s DragonFly System is a one-stop solution for agile hardware development and innovative circuit design across a wide array of industries. It empowers companies to securely control entire development cycles through in-house additive manufacturing of PCBs and non-planar electronics with speed and precision, while reducing R&D costs. With it’s Lights-Out Digital Manufacturing (LDM) printing technology, this is the industry’s only comprehensive manufacturing printing platform for round-the-clock 3D printing of electronic circuitry. + * **Markforged - $AONE - Need DD** + +&#x200B; + +* **Quantum Computing** + * **IonQ - $DMYI** + * A quick introduction to QC: a normal computer exists of bytes, so 0 OR 1, a QC has qubits, so possibly 0 AND 1 at the same time. In theory this will improve the computational power of computers in a massive way and therefore QC wil be able to solve different classes of problems + * The qubits that make up QCs are prone to error given the fragile nature of the quantum states. There are 2 quantum states: ion trap (IonQ, Honeywell) and superconducting qubits (IBM, Google). These have about a 0.5% chance of an error during a so-called 2-qubit gate operation ([https://en.wikipedia.org/wiki/Quantum\_logic\_gate](https://en.wikipedia.org/wiki/Quantum_logic_gate)), thus limiting the complexity of the computation you will be able to do. + * So a lot of research is being done to improve these physical error rates, but an improvement of more than 0.01% seems to be difficult. This is where error correction becomes important. People have come up with error correction codes that can tolerate error rates and create a much lower error rate by creating what's called a logical qubit. ([https://en.wikipedia.org/wiki/Physical\_and\_logical\_qubits](https://en.wikipedia.org/wiki/Physical_and_logical_qubits)). + * It takes a lot of physical qubits to make 1 single logical qubit. Most researchers believe that with a few hundred to a few thousand very good logic qubits you can solve very impactful problems in the world and thus create significant value. IonQ expects to achieve this in 7 years ([https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap](https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap)) + +&#x200B; + +* **Robotic process automation** + * **Blue Prism - $PRSM - Need DD** + * **UiPath - $UIPTH (IPO later this year)** + +&#x200B; + +* **Semi-Conductors:** + * **ASML Holding NV (NASDAQ: ASML)** \- From u/MikeJamesBurry the most important Europe Stock. It is a Dutch company and currently the largest supplier in the world of photolithography systems for the semiconductor industry. The company manufactures machines for the production of integrated circuits. The company is the most significant component of the Euro Stoxx 50 + * **Intel - $INTC - Need DD** + * **Advanced Micro Devices - $AMD - Need DD** + * **Nvidia - $NVDA - Need DD** + * **Taiwan Semiconductor Mfg - $TSM - Need DD** + +&#x200B; + +* **Biotech** + * **Crispr Therapeutics - $CRSP - Need DD** + * **Beam Therapeutics - $BEAM - Need DD** + +&#x200B; + +* **Internet of Things manufacturing** + * **PTC - $PTC - Need DD** + +&#x200B; + +* **Renewable Energy** + +&#x200B; + +* **Construction / Mining** + * **MP Materials (NYSE: MP) - DD from** u/FlynnPierce + * is a rare earth mining and processing company who owns and operates THE ONLY rare earth mine source in the US. This resource provides the essential metallic and magnetic raw materials used in most modern technology from Electric Vehicles to windmills and robotic arms. Yeah. That’s HUGE. There is obviously a massive need for these resources going forward and MP is the only chance the US has of competing with China in this demand. Of course, China operates in a market condition where they can exploit working conditions and the workforce in ways that American companies cannot, and MP claims to engage in their mining activity sustainably. Noting that MP (Mountian Pass) Mine is in California, we can assume they are doing their best to remain in compliance with a green energy future. MP NET INCOME Q4 2019: 1M MP NET INCOME Q4 2020: 24M + +&#x200B; + +**EDIT 1: as many are saying to just buy ARK, i'm not from the states so I can't buy any of Cathie's ETF's** + +**EDIT 2: added, Snowflake to Big-data, Microsoft and Amazon to Cloud Computing, MarktForged to 3D printing** + +**Edit 3: Added new category semi-conductors (ASML, AMD, NVDA, TSM, INTEL) and biotech (CRSP, BEAM)** + +**Edit 4: Added ABB and Cyberdyne to Automation/robotics and PTC to IoT manufacturing** + +**Edit 5: Added renewable energy as a category, all suggestions are welcome!** + +**Edit 6: Added DataDog $DDOG to cloud computing** + +**EDIT 7: Added MP Materials (mining / construction) and SUMO (cyber security) to the list** +**for me:** + +**-jumping in too fast, motivated mistakenly with fomo, thinking this 'low price' won't go any lower (eg buying too high lightspeed, nuvei and hut 8, even when they later dropped 1-2 mo later even more.)** + +**-also holding on too long (esp newer tech stocks) and not taking profits.**..and hell during these past few months there's been so much volatility with tech/fintek/bitcoin related stock (affirm, docebo, paypal, hut coinbase, etsy, doximity, square,lightspeed,nuvei etc etc) who the hell knew they could rise and fall as fast as they have + +**my lessons learned:** + find a realistic entry point after some research, be patient, buy a bit at a time esp when dips are happening, not all at once because you never know if it'll drop lower (as above stocks have indicated).....sometimes simpler is better like a nice market index fund (VFV) that will save so many headaches; and on this note no wonder Buffet said he'd dump all his wife's savings into a simple,quality index fund. + +this said, however, **I did grab some shares of lightspeed today @ $50** hoping it's a good entry even if it goes lower..you have analysts on both sides either pumping up or beating down this one....you can't find consensus with lightspeed: just today you have morgan stanley downgrading it while RBC is praising it....so imo is a leap of faith to some extent. +My point is that for every 100 anti NFT things on Reddit I see, the only times I see defense is by apes! It's so easy to call something you don't understand as something you don't want or even a "scam". + +But the real scam, the real fleecing happens countless times a day when the market is open. + +1 mil for an ape jpg?!? Outrageous. + +30 bln for a package representing short positions contained in ETFs and hedged via options? ThE MaRkEt DeCiDeS, JuSt ThE wAy iT is. + +There's been so much NFT hate and no love. We are actually early, and I'm convinced GameStop doesn't just want a slice of this pie they want the whole damn thing. + +Edit: I didn't anticipate this was going to get so much attention, I understand that swaps are not like NFT, which is a form of technology only and cannot inherently be a scam. However, MUCH like a scam (See ETFs) bad actors can use them in nefarious ways that deprive the holder of the asset or it's value in various ways. + +To those saying this is whataboutism, maybe, but NFTs and ape pictures have a lot less crimes to answer for then, specifically the real art market, or again ETFs. It's about proof of ownership, and those are other fair examples to compare it to. +I worked for other people until three years ago when I decided to start my own business. Things took off quickly and I made around $5M+ in these three years. Company is still active, doing well, generating at least $100,000 in monthly profits. I managed to hire some people to help with day to day now leaving me to focus on the bigger picture. Unfortunately I can’t sell the company, it’s a niche business where I am the biz, it’s all about the connections, almost no financial barrier to entry. I go, business goes. So I plan to work another 2-3 years as it is still very profitable and worth my time. + +Now, the RE is where I get worried. I really want to do it. I have been saying this even before I made my money. The plan was always retire at 35 with $5M in the bank. But I am worried that I don’t know how. I live in Eastern Europe and I don’t my trust financial advisors here. I opened an investment account with a Swiss bank, put $800,000 in there but they charge a lot. And all these talks about incoming downturn make me worried to just invest in index funds. To top it off, my income is in $, most my cash is in $ but all my expense is in euro. I don’t know when to change to Eur. $ still gives good bond income if I decide to do but my currency risk is huge. For now I am ok as $ became stronger so I did ok keeping it but what’s next? + +Anyway, sorry for the rant. I got the FI part, now just need to figure out how to safely do the RE bit +I am 34F living in England with 2 children under 10. Have had a bit of a breakdown today at how overwhelmed I am becoming by money and the cost of living. I know tonight I have to sit down and seriously reevaluate (also scared about the cost going up again in the next few months). This letter today just flawed me as I didn’t even know it’s something they could do. + +I try and make nutritious meals and semi healthy pre made snacks but I feel this is where I need to look to change most on spending. Enjoyed a takeaway on a Friday but this too is becoming very expensive and less plausible. + +And smoking shamefully, the more stressed I’ve gotten the more I’ve convinced myself smoking more is ok. + +Any help on where your money goes and budgeting tips? I will update later on this evening with a breakdown of incomings/outgoings. +Maybe it is just my perception, but in this sub, there seems be a growing resentment toward those in poverty from those that aren't. + +There is a very real difference between poor people that are looking to improve sub-par financial positions, and those that don't have the means to meet the minimum requirements for a sustainable life. + +Comments like this "Christ you are tiring. You have at least a dozen posts like this on this forum all linking your site and plugging how you can make $250 a month from a hours work each day. So utterly transparent." are far from uncommon. + +What comments like that fail to understand is that to those of us in actual poverty, that kind of money is everything. We don't have a wage. We don't have welfare. If we don't scrape up pennies from anywhere we can get them, we die. That might sound dramatic to you and I guess it is, but it is the reality we must endure. I get it, it is a reality that you don't quite understand and I am glad that you don't. It means your life isn't as crappy as it could be - that is a good thing. + +But this is poverty finance. This is the place where those of us in need of those pennies that are beneath you, should be able to freely share our knowledge. We should be able to pool our knowledge to help one another. And we should be able to do so without being persecuted by those that just can't understand what it actually means to experience sheer desperation. + +I'm not saying that poor people don't belong here. I absolutely welcome posts with advice on how to secure a raise at work. They might not be relevant to the likes of me right now, but I am looking forward to the day they will be. + +All that I am asking is that you show those of us that are experiencing poverty that same level of respect. If the plights of those in worse situations aren't relevant to you, then just move on and ignore them. Don't take the time to persecute the desperate. It isn't helpful for anyone. + +We can coexist. We should coexist. +My wife and I are putting 20% down on a mortgage. I would really like to have the home paid off in 20 years, but the interest rate for the 20 year is no different than the 30. + +I’m thinking it would make more sense to lock in for the 30, but pay towards the principal like it’s a 20. My only worry is having the discipline to keep this up throughout the life of the mortgage. + +Has anyone done this or does anyone have any tips to keep up on the payments? +I thought I'd share this story with PF to help others learn from the mistakes made along the way during an attempted 401(k) rollover. Additionally, I wanted to call attention to the process failures on the parts of both Fidelity and Prudential (now Empower). + +Background: I get a new job and decide to roll my previous employer's 401(k) over to my new employer's 401(k) plan. This was from Fidelity to Prudential (Empower) (I'll be calling them Prudential mostly). In hindsight, when I made this decision, I thought rolling over to a 401(k) would be better than an IRA. More on that later. I began to take notes with dates & names after the first month of issues. + +**12/21** + +Sometime in December I initiated the rollover. I called Fidelity, they did some combination of phone / emailed forms to initiate this rollover to Prudential. Note: Phone calls are error prone and a bad idea to initiate important transactions. More on this... Prudential assigned me a rollover specialist. After December, this person never responded to me again (neither calls nor emails). + +**1/22** + +In early January, I receive a physical check in the mail for my 401(k) total (a 5 figure sum) with instruction to send it on to Prudential so they can deposit it. What I didn't notice was that the check was made out to "Principle", which I interpreted as some financial institution jargon for the "principle account holder" or w/e. The more financial savvy readers are beginning to see a problem... + +I mail this check on to Prudential. + +**1/16/22** + +The funds were still not reflected in my account. I called Prudential to see what was going on: +> "We haven't received a check." + +I call Fidelity: +> "The check is showing as cleared." + +Uh oh. On the advice of Prudential, who say it may just be a lag in their back office, I wait and call back in a few days. + +**1/20/22** + +Fidelity maintains that the check has cleared and is gone from my account. Prudential now has located the check: They tell me they couldn't cash it because it wasn't made out to them, but was in fact made out to "Principle Financial Trust" which is an entirely different organization. I'm getting conflicting information (has been cashed/can't be cashed). A second rep at Prudential explains that they'll send a "refund check" to Fidelity. + +For some bad reason or another, these companies must all still deal in physical checks like a dinosaur. That means that a good amount of time is spent waiting for the full 10 business days for the checks to be bounced back and forth between the two companies. + +**1/31/22** + +Fidelity hasn't gotten the check yet. Prudential confirms an address they "think it is supposed to go to". + +**2/7/22** + +Fidelity has still not received it, doubles down on the original check being cashed. Prudential says they'll cancel the check and re-issue it, sending it again. + +**2/10/22** + +A third voicemail left for my assigned Prudential specialist. No responses. I do finally learn from the main line what happened to the original check: Prudential's bank bulk cashes all checks they receive. Only after the fact, when they realized it wasn't made out to Prudential, did they decide to not release the funds to my account. So they had the money. It was cashed, they just wouldn't give it to me. And it was gone from Fidelity. + +**Next 30 days** + +For the remainder of February and first half of March, I continue to call once a week for updates: Prudential cancels and re-issues a couple checks because Fidelity says they're not receiving them. We try various addresses (btw Prudential refused to ever use express mail to accelerate this process, so every iteration of check took ~10+ days to see if it was received. Thanks for the customer service...). + +**3/10/22** + +Turns out, Fidelity has in fact been receiving the checks, but failing to give notes regarding why they are not accepting them, without informing me or Prudential, etc. The back office (accounting) and the customer reps were siloed. Fidelity can't accept the refund checks because the work account has been closed. So they just throw away the checks. + +I get on a 3-way call with reps from both Fidelity and Prudential. They "mastermind" a plan: They'll send the refund check to my existing Fidelity IRA account (which currently has a $0 balance). + +**3/25/22** + +The check is still not in my IRA. Oh boy. Turns out Prudential didn't actually mail the check until 3/16 (wtf were they doing for 6 days?) so I should check back in a few more days. + +**3/31/22** + +Fidelity has apparently received the check (I learn this, as with all things, by calling them on my time)! But it's not in my account yet. Weird. They cooly say check back in a couple days; this is totally normal. Yes, I'm sure this is all totally normal. + +**4/5/22** + +Still not showing up in my fidelity IRA. I call. Turns out, the IRA can't accept the check because I closed it some years ago (should I have remembered that myself? Yeah maybe. But why on earth did Fidelity suggest this plan in the first place in that 3-way call if it wasn't going to work?). Note, yet again, that they were apparently not going to tell me this. I had to call to learn this. Where is the followup? I re-activate the IRA over the phone and am told the rejected check is on the way to my address. I can deposit it from my phone (hello 21st century!) when I get it. + +**4/15/22** + +I finally receive the check to my personal address. I deposit it into my Fidelity IRA. A day later, my retirement is reflected in my account for the first time in 5 months. I made plenty of mistakes along the way. But so did Fidelity and Prudential (Empower). Recall my original goal was to get this money into my 401(k) with Prudential. But now that it's finally back in my hands, and doing further research, I might just keep it in my Fidelity IRA (still need to compare fees). + +**Epilogue** + +Sometime around February, because things still aren't adding up, I start to get creative; I contact Principle Financial Trust to see if somehow they received the original check (that was in fact made out to them) and cashed it. I worked with a very kind, thorough rep who followed up every day proactively with updates to his investigation. I wasn't even a customer of theirs. This ended up being a dead end (they never received the check) but I was impressed that this person was more communicative and responsive than the 20 or so reps I spoke to at Fidelity & Prudential. I had to remind Fidelity and Prudential of my issue on a weekly basis to keep the ball rolling. **This** was the biggest issue I took with Fidelity/Prudential (now Empower). I am fortunate enough to have noticed my missing money. And I am fortunate enough to be decently financially savvy. And to have time to call each of them once a week for 4 months. **Not everyone has all of those things.** How many people have been affected by the lack of follow up? And how much retirement money has been lost due lack of follow through? I hope both organizations work to improve their processes. The individuals I spoke to were kind and sympathetic, but the rigid system through which they worked prevented meaningful progress to resolve my issue. + +There is some sweet mixed in all this bitter: I dodged about an 11% market decline because my retirement was all in cash. +This is the official $GME Megathread for r/Superstonk. 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Like many others i spent my 20's living out of home, having the independence and living my life. And i'm sure like many others i was pissing away my pay month to month barely able to save anything. Only until this year at the ripe age of 29 i've decided to finally get my finances in order. I'm on 86.7K a year and even with cutting back on everything i possibly can i can only save about $3350 a month. + +The big elephant in the room is the rent. Currently sharing a 4 bedroom house with 1 other roommate. We have a bedroom and office each. But there is so much space here we are not utilizing. Our rent is combined $680 ($340 ea) a week and i'm absolutely certain this will go up in the coming months. If i were to cut the rent out of the equation and all the other bills i have i'd be able to save over $5000 per month on my salary. That would give me 60K in a year and 120K in 2 years... + +Honestly the idea of moving back home is looking super tempting right now. Has anyone else decided to leave renting and move back in with their parents to knuckle down and save? Or did you decide to keep roughing it out and save while renting? For what its worth my job is WFH so i have no commute to worry about and my parents live not far from where i am now. + +I feel like with the way the economy is turning it feels like a smarter move to just bite the bullet, swallow the pride and go live with mum and dad for a year while saving every cent to get out and own a property. + +EDIT: As many have asked. Yes i will be paying rent/board. But in the realm of $50 - $100 a week. No free rides here! Figured it goes without saying but yes obviously i will be helping out a lot around the house where possible as well. + +Further EDIT: The relationship i have with my family is quite good. For what its worth they have been begging for me to come back and save. I know i'm very fortunate for this and its a very good situation all round. +Hi everyone! My girlfriend and I were traveling in Costa Rica and had stopped at a fruit stand to get some mangoes or something. The currency is the Costa Rican Colón, and 1 Colón is equivalent to 0.0016 United States Dollar (or 1 dollar is equal to 624.42 Colones). We were told we were paying 2000 Colones for the fruit (3-4 dollars), but instead, the store charged our mastercard 2000 USD. + +After filing a claim with Mastercard, they said that they contacted the Costa Rican police, but since we didn't keep a receipt of the incident, they can't pursue the store and we lost the claim. We also contacted the store on Facebook and Whatsapp - they read the messages but didn't reply. I'm wondering if anyone has some ideas on how to fight this? +**TL;DR:** Apes can get tendies. No doomsday for world economy. Ook ook. 🚀 🚀 🚀 + +**Who pays the apes?** + +Let’s take a look at the chain of failures. Short hedgies go broke trying to pay the apes with shares. Their positions are transferred to their creditors, the big banks. What happens when they don’t have enough money? They go to the lender of last resort, in this case, the Federal Reserve. Here’s a video on it: + +[https://www.youtube.com/watch?v=Tb4Dkf5puJg](https://www.youtube.com/watch?v=Tb4Dkf5puJg) + +The last time this happened was in 2008, when among others, AIG latched onto the Federal tit for a massive bailout and later paid hundreds of millions in bonuses to the very department that triggered the bailout. Seriously, this happened: [https://en.wikipedia.org/wiki/AIG\_bonus\_payments\_controversy](https://en.wikipedia.org/wiki/AIG_bonus_payments_controversy) + +If any of you XX or higher shareholders out there are holding past $218 million in payouts as a symbolic gesture, just remember, you deserve it more than AIG. Anyone who says otherwise can go play leapfrog with unicorns. + +**How much will the Fed need to print?** + +According to this DD on Geometric Mean: [https://www.reddit.com/r/GME/comments/m9td6w/estimations\_for\_the\_total\_payout\_of\_gme\_based\_on/](https://www.reddit.com/r/GME/comments/m9td6w/estimations_for_the_total_payout_of_gme_based_on/) + +Around 5 trillion dollars at the $20 million a share range, averaged out for paper hands along the way. Assuming that 20% of the ownership is outside of America, that leaves 4 trillion going into the domestic economy. But wait! Taxes. 2 trillion goes to apes, 2 trillion goes to the treasury. If I was the ruling party, 2 trillion dollars with no strings attached to advance my party’s interests would be pretty sweet, another reason why doing nothing is the best approach. The budgetary spending for 2020 was 4.79 trillion dollars. This windfall would be worth around 41.8% of their budget. Imagine if the government was an average person, 41.8% of what they spend for the year is a small jackpot but not life changing. It is definitely not enough to be considered hyperinflation. Assuming that 80% of this subreddit is American shareholders, this works out to be 240,000 shareholders / 331 million people = 0.0725% of the population. Spreading the payout around such a small group of people will not have a huge effect on the consumer price index or put a lot of pressure on demand, unless you are considering fringe categories like Lambos and McLarens. + +**Won’t all this money ruin the economy?** + +**NO!** According to the Fed data gathered by Forbes, the top 1% of Americans have a combined net worth of 34.2 trillion dollars: [https://www.forbes.com/sites/tommybeer/2020/10/08/top-1-of-us-households-hold-15-times-more-wealth-than-bottom-50-combined/?sh=5b0c5c835179](https://www.forbes.com/sites/tommybeer/2020/10/08/top-1-of-us-households-hold-15-times-more-wealth-than-bottom-50-combined/?sh=5b0c5c835179) + +The top 1% own 43% of the world’s wealth, totaling over 173.3 trillion dollars in 2019: [https://inequality.org/facts/global-inequality/](https://inequality.org/facts/global-inequality/) + +With the geometric mean, the top 1% of wealth in America will increase by 5.8%. On a global scale, 3 trillion dollars after taxes is a 1.7% increase. The payout will register a small blip, and those who paper hand early may not even make the cut for the top 1%. What does this conclude? Fears of an ape payout causing hyperinflation is FUD. The payout causing global hyperinflation or massive distortion of the world’s wealth is FUD. Don’t hold for a number that seems big to you. Hold for a number that seems big to THEM. Even if the number of diamond hands doubles or triples, 9 trillion dollars after taxes is a small ripple in the global supply of wealth. Let’s hope some of you apes will know how to create a positive butterfly effect with your tendies. + +&#x200B; + +Edit: u/Allohn pointed out this DD here has a more correct Apeish number of 60 trillion: + +[https://www.reddit.com/r/Superstonk/comments/mmt8rh/geometric\_mean\_exponential\_increase\_and\_gme\_price/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/mmt8rh/geometric_mean_exponential_increase_and_gme_price/?utm_medium=android_app&utm_source=share) + +How does that change the overall picture? 25 trillion taxes, 25 trillion to apes, 10 trillion abroad. Net impact of 35 trillion. 20.2% increase in the top 1% of worldwide wealth with ultimate diamond hands. Still not enough to pay off the national debt of 28 trillion and counting. Seeing as how M2 is no longer counted, and the true number of shares to be paid out is unknown, I wonder if they can sweep this much money under the rug. Only one way to find out! + +&#x200B; +I am a professional Tattooer of 10 years. I only could afford 5 shares average 76. If GME hits 10,000 I can open my own shop. I will name it Diamond Hands Tattoo. Anyone who held come by for your free retarded tattoos! I’ll do all the rockets, all the apes, all the moons, alll those diamonds! Just Hold! + +Title edit: He/She/non-binary Apes +As I'm slowly getting to FATFIRE numbers I'm having a hard time changing my thinking. Until recently, I was always focused on making more money in my job, doing side gigs, etc. because as I get a check from a client I visually see the reward for that work. Until this point, working harder and grinding longer than others made me successful to this point. + +I'm now realizing that day to day maybe I should be more focused on maximizing the money that I've accumulated vs doing little side gigs. + +This came about when a friend of mine pointed out why are you so interested in doing little side gigs for a few extra grand when more focus and maximization of your investments would make you way more than that. Really put things into perspective that I'm maybe working harder and not smarter? + +Did this occur with any of you as you started to get to Fat numbers? How did that mental shift play out into your day to day work life? +I joined this sub just over a year ago and it's had such a huge positive impact on my life already, so I wanted to sum up and share to help/inspire other newcomers. + +&#x200B; + +* **Investing:** Firstly making investing so straight forward. I'd never done any investing before because of the hassle/risk/time involved with choosing individual stocks (which I thought was the only way to do it) so finding out about index funds, Vanguard, etc. from this sub has made me start investing not just saving. Without this my money would just be sat in standard bank savings accounts, being eaten away by inflation. +* **Early retirement:** It's taught me to improve my retirement plan. I'd never heard of a SIPP before and thought LISAs were just for buying a house, but now I put any income taxed at 40% in my SIPP and then fill up my LISA with money taxed at 20%. This means I'll be able to retire far earlier than I thought, as prior to this I just relied on my employer pension, which would've meant a standard retirement age. My dad recently had a heart attack at 61 (luckily is ok now) but it's reminded me that 67+ is too late to retire. I don't want to go from the office to the cemetery. Now I'm aiming for 55-60, which is achievable thanks to this sub. +* **Saving money:** one example of this is a post I made in the past about buying a new kitchen and asking ways to save money on it. Various people recommended DIY Kitchens, which ended up costing £8.5k for the same kitchen that Wren were quoting £10.5k for. Also advised to go with a local builder vs Wren's installers, which saved another few thousand. In total, it saved me over £4k just from making a single post on this sub. +* **Making money:** I made a post earlier in the year about a big life choice, where I was interviewing for high-pressure £80-90k jobs vs my current low-stress £50-60k job. People on this sub gave great advice, that the extra money wasn't worth the long days (12 hours), long commute, high stress, not seeing family as much, etc. and looking back that was 100% the right call, as I would've been miserable. Some people then recommended that I should use my excess time and energy (thanks to my low-stress job) to do freelance work on the side instead. I'd never considered freelance work before, but I've given it a go and now in the first few months I've got a few contracts which have almost totalled my full-time salary and take my income for the year to £100k, all whilst working from home (software engineer) so still spending time with my family, no commute, I choose my hours, etc. It's best of both worlds (high pay + flexible, low stress) and I wouldn't have even thought about pursuing it if it wasn't for the helpful people on this sub. + +&#x200B; + +So thank you all for all of the free and helpful advice and guidance you share on here and for making it such a supportive and inspiring little spot on the internet. It really does change lives. +How would you handle your rentals if a quarantine occurred in your area and the tenants couldn’t work? I can’t believe that I have to even consider this but this exact situation is happening all over the world and it’s just a matter of time before it occurs in the US (I’m guessing Washington first if the nursing home cases are positive). +I still don’t think Ken Griffin the financial terrorist and criminal CEO of Citadel Securities in Chicago really understand what he’s done here… + +I was bummed about mid day when I couldn’t pick up the sub $90 dip. I put in an order for 1 more at $89.51 and was super stoked when it filled about 12:30 or so. Watched the price go up a bit then slide back down to its current $87.62. Here’s the kicker, I’m more excited that its sliding than I was when it filled at $89.51. + +They don’t understand still that they have created a fucking legion of retail investors that get more excited on dips that we do on rips. + +We have unlocked god mode. No media, no slander, no short attacks, no Fed bullshit, no war, no politics, no interest rates, no fud, no price can ever get us to fold. I will keep buying one by one and DRS’ing until I no longer have to, not because you made me. + +We are fucking inevitable + +Edit: Aye u/Gme_tweets this bot is absolute legend dude. You are next level 🙇🏻 + We've seen quite a fall in the pound against the dollar since the start of the year which is something quite worrying considering that we are quite an import-dependant nation. In my mind, these recent falls are pretty clearly linked to energy. Firstly, we import a lot if it (paying in dollars of course) and secondly look at what's happened to the Euro - same crisis, same effect. This is not only a UK problem. And only yesterday Deutsche suggested sterling might have to fall 30%. + +So, considering that we might see a fall in sterling, what should I move some money into? I have considered buying dollars but I'm sure there are better options out there. +Title + +Just don’t see why the trolls are choosing to hate on this subreddit, it’s just regular people. + +The majority here work regular jobs, probably with a skew towards software, in their 20-30s, male, in the US, with some doctors thrown in. Most probably bought their first property within the last 5 years. + +I think it’s another case of the .1% successfully keeping everyone fighting amongst themselves + +I own and I rent myself. My landlady isn’t stealing from me. I get a place to live, utilities, maintenance, and everything done for me with 0 stress. I can leave for months at a time without worry. I don’t want to live in this city forever so I don’t have to worry about buying, paying a lawyer, appraiser etc. on the buy side and a realtor etc. on the sell side as well as taking on the risk of prices falling. It’s mutually beneficial. + +18 year olds buy houses in my city working regular jobs. There’s nothing special about it. + +If you’re priced out of Vancouver, SF, or Manhattan and not in a 1% career, you’ll always be priced out. Most people in this subreddit can’t buy there either. +> [The dollar volume of homes purchased by foreign buyers from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors. The decline was due to a drop in the number and average price of purchases. Foreigners bought 183,100 properties with a total value of about $77.9 billion, down from 266,800 valued at $121 billion in the previous period.](https://www.cnbc.com/amp/2019/07/17/foreign-purchases-of-american-homes-plunge-36percent-as-chinese-buyers-flee.html) + + +Being relatively new to REI, I'm curious as to what more experienced investors in our community think of this unfolding event. Will this loss of confidence in the US Real Estate Market have an effect on property values? Is this a potential sign of a market correction? + +Cheers and have a great day! +&#x200B; + +&#x200B; + +&#x200B; + +Answer: 17 times + +He is up to 102 ETH now. I will make this a weekly announcement. It is imperative that you all know how much ETH he has. +I have already direct registered XXX shares into Computershare from Fidelity. It was quite simple the first time, but things changed in one week. + +Agent: How can I help you? + +Me: I am looking to direct register another XXX of my GME shares into Computershare. + +Agent: Ok, I can definitely help you with that. I would like to ask, why are you doing this? + +Me: I want to have these shares directly registered to myself and not “street registered.” + +Agent: Just to let you know, these shares are registered to you in Fidelity. It’s no different than having them in Computershare. + +Me: I am confident moving them into Computershare. + +Agent: Ok, also, it is harder to sell your shares in Computershare. You will have to transfer them back to a brokerage to sell them. + +Me: Computershare has a limit and market sell option. I know this because I have done it. + +Agent: Ok, I will perform the transaction for you. + +Me: thank you. + +#APES, THIS IS THE WAY# + +Not financial advice. 🚀🚀🚀🚀 + +edit: I get it, unintentional Fidelity FUD. Apologies for that. I still have XXX on fidelity. BUT, at the very least, half-truth told by rep when said that Fidelity shares are still considered “registered in your name” similar to Computershare. Love ya apes. +For those that now have much more free time, since either leaving a business or retiring. I was hoping that you may be able to provide some tips on any interesting or unique ways you’ve found to connect with likeminded people in similar situations please? + +To provide greater context, I’ve recently stopped working (34 m) and although there are friends in my social circle with similar financial circumstances, few are of a similar age or have a similar amount of commitment-free downtime, limiting opportunities for travel/activities in a group setting. + +Aside from more obvious ideas such as joining clubs etc, has anyone developed relationships with others in similar circumstances via events/groups or other means? + +Ultimately, I’d like to be able to meet others in similar scenarios as organically as possible and I would be grateful to anyone that can provide comment on their own post-fire journeys, and how their social/friend circle may have developed or changed. + +Many thanks in advance! +Edit: not had any issues with the tenant since our lease started last year. + +&#x200B; + +As stated in the title I am currently looking for a a 3 bedroom unit for my tenant. Our lease is month-to-month so them leaving won't be an issue. I have searched online through various websites to get in touch with owners and such but no luck outside of one who confirmed that his unit was not available for rent or anything. I am currently searching on Zillow and likely will do the same on [realtor.com](https://realtor.com) but until I hear from someone does anyone have any suggestions as for getting in contact with the owners or actually finding a 3 bedroom unit so that I can speak to them about my tenant and their background. I'm sure it's a fairly simple process but so far I have not heard from anyone in response to my requests. I attempted to contact about two units on [Trulia.com](https://Trulia.com) but have not heard from anyone yet. + +&#x200B; + +The tenants are living in a condo currently but are having a 3rd child soon so I mostly focusing on homes and condos rather than apartments. However I am open to all suggestions for them as the background will be a key factor in them finding a place to live. If there is any importation I left out that I need to add or can answer through comments please let me know +Hello! I'm starting my house hunt as a first time buyer and was curious if there is a way to find out how long a property has been advertised for on RealEstate.com etc? +Hopefully this doesn't come across as too much of a brag, I just want to really get it into people that loyalty really doesn't pay (in most circumstances!). One of my close friends refuses to leave despite being underpaid and afforded no opportunities and I find it really frustrating because he is otherwise very competent. I am just astounded by my salary trajectory after deciding to leave a company I was at for 7+ years (\~5 years in a specialist role). Here's the basic story: + +**Company 1 (Start of specialist role)** + +Year 1: 80k package (70k base) +Year 2 - 4: 110k package (90k base) - *two years of stagnation* + +**Company 2** + +Year 4.5: 150k pkg (135k base) + +**Company 3** + +Year 5: 200k pkg (162k base) + +The roles are basically the same responsibilities as from Year 2, maybe I am more efficient and competent within that role now but I would not expect such growth from that alone. Is this anyone elses experience? +Greeting my fellow dividend lovers. Just curious on what everyone's plans are when this whole GME thing blows over. Are you planning on loading up on your dividend payers if the it plays out the way everyone seems to think it will? I've seen articles warning that this could crash the market(I don't think it'll be that severe). Nevertheless, in the event of a large downswing, are you loading up, or just holding onto what you have? Cheers. +I am not a paranoid prepper but perhaps should have some sort of reasonable stash during these still crazy times. What do you keep in your home safe? Cash? Bars of precious metals? Thankfully my wife and I don’t see much value in expensive jewelry. +It was taken private in 2016 at a valuation of 1.35Bil. Tomorrow at IPO they are pricing shares at $17 for a valuation of 2.72 billion. Really? It's doubled in a 5 year period? No. It hasn't, this is JAB holdings realizing they bought something they probably shouldn't have, milked it for all it's worth and trying to scrap it for more then it paid for. + +What are some RED FLAGS you might ask? Take a look at the S-1... + +Of the last three fiscal years, it's only lost money in the last three. Said otherwise, 100% of the time of the required amount they need to show they have lost money. FY19-FY20 Organic revenue growth of 1.2%.. That won't even beat inflation. On the bright side- bottom-line was negative. They went from only losing 37 million in 2019 to losing 64 million in 2020. I didn't look to much more in-depth at the S-1 to see the valuation even though below the $21-24 they initially were trying to get. + +It also has a billion in debt it didn't have when it went private.. curious... + +&#x200B; + +Don't be a fool, don't buy Krispy Kreme. The fresh donuts are delicious, but the stock is a no-go. + +&#x200B; + +S-1 filing on [SEC.GOV](https://SEC.GOV) \- [https://www.sec.gov/Archives/edgar/data/0001857154/000119312521177720/d107564ds1.htm#rom107564\_10](https://www.sec.gov/Archives/edgar/data/0001857154/000119312521177720/d107564ds1.htm#rom107564_10) +Hello, all! + + [Zalesky's 25 Point Mantra](http://www.r-5.org/files/books/trading/schoolbooks/Douglas_E_Zalesky-The_25-point_Mantra-EN.pdf) + +First let me say that I keep getting comments asking more about the story, due to that I posted something on my personal page and that's the last I will say of it. Can we please keep the comments section related to trading, if you have any other questions, comments, or concerns about the entire journey there are other posts for that. Thanks! + +# Key Statistics + +I am providing ranges on some statistics as I am using different journaling software and I am still working through the kinks of providing consistent data. + +Account Net Worth: $64,969.68 + +Overnight Margin BP: $62,815.51 + +DayTrading BP: $170,835.27 + +Percent Profitable: 82% + +Ratio Avg. Win:Avg.Loss: 1.39-1.86 + +Weekly Profits From DayTrades: $606.76 + +Weekly Profits From Closed Swing Trades: $10,457.24 (Note: These gains are not included in my statistics nor are they part of the daytrading story, I wanted to include them so everyone can understand that I have left my job to be a trader, daytrading is a specific vehicle that I am tracking for this journey) + +# Monday + +I didn't do any day trading. A catalyst that I was waiting for on one of my swing trades was met so I spent the day monitoring this stock to make sure it was doing what I thought it was going to do. + +# Tuesday + +Win Rate: 67% + +P/L: $105.83 + +https://preview.redd.it/gyga5bd0ci271.png?width=1280&format=png&auto=webp&s=3d4e808a8bc5a72b0d7c3aa334e0a4dcf05d8059 + +# Wednesday + +Win Rate: 100% + +P/L: $16.16 + +https://preview.redd.it/5x5yuec3ci271.png?width=1282&format=png&auto=webp&s=875a7af9248b4d608dd560d19974e7c5d9fc7fa0 + +# Thursday + +Win Rate: 100% + +P/L: $99.58 + +https://preview.redd.it/y95u5ow6ci271.png?width=1276&format=png&auto=webp&s=e9796444deabcef5e9c07d31a920097c3aaf2362 + +# Friday + +Win Rate: 75% + +P/L: $385.18 + + +https://preview.redd.it/r1idxty9ci271.png?width=1281&format=png&auto=webp&s=5e984057a98a1aacb3daec9e14a76b4887e912fc + +# SPCE Swing Trade + +https://preview.redd.it/nsfewhslci271.png?width=901&format=png&auto=webp&s=aabeafe0afb64141f903512d27ec0435bdb00084 + +# Psychology + +Well, I'm a bit bummed out by this week to be completely honest. I quit my job right when the market started getting very difficult and choppy and this made me extremely hesitant to use more leverage out of fear of blowing up my account, so I stayed away from options and higher leverage trading. By the time I was able to convince myself that the market was just doing well this week, it was already too late. While I still made a decent amount of money, I wish I was able to understand that this was a very giving market earlier on. If so, I certainly would have traded it much more with more leverage. + +Aside from that, this week felt really good. It reminded me that the past few months have been me trying to make it in a poorly performing market and as a beginner daytrader this was extra mentally exhausting. This week served as a reminder that when the market is hot, my strategy could be quite profitable. I know not every week is going to be like this one and I don't expect to have continuous results such as these, but it is comforting to know that I was able to show a great deal of success in a profitable market. + +Finally, I was able to cash out one of my swing trades so the pressure of holding losing positions through the market chaos has eased as well and I have created a little more cushion for myself to take on a little bit more risk. That being said, as much as I know everyone wants to see me use more and more and see if this is possible, I would rather not blow up my account and then my entire journey comes to a close. So I still won't be ramping up my game all that much. Right now my mind is telling me that by Week 16 I should have had all the training I need to be ready to turn the heat up a decent amount more. Until then, I will up it a little bit but nothing crazy yet, so for everyone monitoring this story that wants to see me either make a fortune or lose it all quickly, I'm sorry but you will need to continue to practice some patience. + +When it comes to the psychology of losing trades, I think I have finally completely overcome that. Now when I lose money it means virtually nothing to me. Not in a completely degenerate I don't care kind of way but more in a I'm numb to this because it's part of the job kind of way. + +Hanging on to losing trades is still my biggest and worst mistake. Cutting my losers is something I find very difficult. Even when all the signs point to this is about to move against me, the hopium is just such a powerful drug and is something I am still working on. I have gotten much better at not cutting my winners early, although I still cut them early because that's part of my strategy, essentially to take profits when I see profits and move on to the next trade. I have gotten much better at implementing the last strategy I discussed where I will trade consolidation periods and in the case of a break out I will put the swing trader hat on. + +I have definitely solved the over trading problem. If you have been watching from the beginning of this story you know how much I was trading and how that was hurting me P/L wise. I am now at a point where I am still training but I am now seeking some profitability here. So the days of the 1 share test trades are behind us and I imagine my statistics from here on out should reflect my actual trades instead of a bunch of testing. This still happens from time to time while I am learning TradeStation and come across a feature I'm not familiar with, but it is nowhere near as prevalent as it once was. + +# Software + +I am no longer using TradingView due to my last post and the issues I discussed then. TradeStation is now my entire platform for scanning, charting, and trading. So far, I absolutely love it. There are a few things that I am not happy with but I can't expect to be 100% satisfied with any service I use. Some of these issues are likely fixable and I simply haven't had the time to dig through exactly how to correct the problems I'm having. + +As some of you may know I have danced around different journaling software and have decided to go with TradesViz. I can't even begin to express the level of customer service they have. I started a chat with them trying to figure out why their results were very different from my TradeStation results and the gentleman on the other end (PK) stayed with my on stream for nearly 3 hours troubleshooting. Not only that, but he updated their code to allow the TradeStation CSV file to be imported and to take it a step further I didn't like how the P/L wasn't reflected on the main page per trade and they went ahead and made that change as well. This will be the journaling software that I continue using for the foreseeable future and that being said I should be able to restart my daily updates at this point. + +When I first started using them, I absolutely loved the layout and the charts, not to mention they are a significant bargain compared to competitors. However, the data just wasn't lining up but as I mentioned before that was an issue between TradeStation and TradesViz that is now corrected. + +To summarize: + +TradeStation - Charting, screening, trading + +TradesViz - journaling + +At this point, I am not sure if more software will be needed or if this will be my setup for quite some time. + +# Strategy + +The strategy has not changed since the last post aside from max loss per day which I am increasing to $200 from $100. + +# Week 8 Trades (Again, excluding swing plays) + +&#x200B; + +https://preview.redd.it/ht0prgqbji271.png?width=1029&format=png&auto=webp&s=8ddb5865f897684316a9fb9700649b02a03f5797 + +https://preview.redd.it/ls6veuddji271.png?width=1025&format=png&auto=webp&s=bad68763c134c2e52326b1f948bd8e296139d4f5 + +# Charts and Statistics (Week 8) + +https://preview.redd.it/flzp9qfsgi271.png?width=1326&format=png&auto=webp&s=e226eada9a0acad245248a5f0f781db30cf925cf + +https://preview.redd.it/xnmjk8ougi271.png?width=1327&format=png&auto=webp&s=0ae2c034299172af9001fe1b8a065694ac236997 + +https://preview.redd.it/2d2dulixgi271.png?width=1245&format=png&auto=webp&s=6901063a49d3bb41336f449bd683bfe65a751282 + +https://preview.redd.it/73fgl72zgi271.png?width=1250&format=png&auto=webp&s=8a484a2390b59f2f6a95b11ccc7916671da563a5 + +https://preview.redd.it/u1kgmmb1hi271.png?width=1251&format=png&auto=webp&s=6a4d36f52a9718f1c7a45a4d1e63900f2194c522 + +https://preview.redd.it/vubi0835hi271.png?width=1259&format=png&auto=webp&s=50051f1bb6b21ee0a0df96af6dbe6830e4b19026 + +# Charts and Statistics Overall + +&#x200B; + +https://preview.redd.it/snh813wnhi271.png?width=1332&format=png&auto=webp&s=4dfdb6286177681fd53cacc8a8cc200861b4c833 + +https://preview.redd.it/zqj6o60rhi271.png?width=1333&format=png&auto=webp&s=200a4dc8d6e4fa8a856acf458201f064cba52dfd + +https://preview.redd.it/0hgoncd5ii271.png?width=382&format=png&auto=webp&s=2c4c3ac6351de9a7ce0854a78ce3a3f862a50df8 + +https://preview.redd.it/i56v4j6gii271.png?width=1251&format=png&auto=webp&s=48064ec7f5680e98e90f54a0274d38d7e6586bfd + +https://preview.redd.it/r60t8ushii271.png?width=1248&format=png&auto=webp&s=2fa0d92d5a10bdbb94e0079410d10c373455902d + +https://preview.redd.it/qbtvydpjii271.png?width=1238&format=png&auto=webp&s=31c008c6da71ac87403a023d69056897df453b10 + +https://preview.redd.it/ygufsqulii271.png?width=1228&format=png&auto=webp&s=58cdd32deef604e5702fcdeec39c8e6afca2a3d4 + +**TL;DR:** Things are definitely looking better after cashing out a longer position, I feel a weight lifted off of my shoulders. Having my software very close to completely setup and ready to go, I feel like I am headed in the right direction. I know this previous week was a hot week and I wish I traded it a whole lot more, but that's ok. I have no misconceptions that the market will always be this giving. +When Lesley Stahl interviewed Jaime Dimon on 60 Minutes back in November of last year, the CEO of America’s largest bank revealed something stunning: JP Morgan handles 6 trillion dollars every single day! + +Yes, Trillion + +Per day + +That’s 2.1 Quadrillion dollars per year! + +**Jamie Dimon**: “We move $6 trillion of money every day. + + +**Lesley Stahl**: *“Every day?*.. + + +**Jamie Dimon**: “Every day. We deal with, like, 10,000 clients, which include governments, central banks, mutual funds.” Watch the[ Full Interview](https://www.cbsnews.com/news/jamie-dimon-jp-morgan-chase-ceo-the-60-minutes-interview-2019-11-10/) +For me, its housecleaning. It is without a doubt one of the best investments I make every month. I have always hated cleaning, but thought that I was supposed to be disciplined enough to clean my own house. My god, I was so wrong. It is such a relief to not have "I need to clean this house" constantly hanging over me. I can focus on work better, and I can relax in my downtime better. All for just a couple hundred a month. +They're synthetically equivalent, yet for whatever reason people want prices to stay above the strike for CSP and below for CC. + +edit: when I sell CCs, I *want* to get assigned every time, because I like money and that gets me maximum money for the trade. Don't enter trades where you view maximum profit as a negative outcome. +Okay okay, to start with let’s clarify we aren’t in a bear market yet and it still has a long way to go, but there is more volatility currently. Why? Well because of all the uncertainty within the markets, we have China telling steel mills to stop operations, we have the US having debt issues…which really is nothing new with the US, and we have little old Australia caught in the middle with property flying and us confused on do we buy the overpriced property or the overpriced stocks which now have global issues? My solution! There’s 2 other options to buying and you can always decide to just hold or increase the cash holding as a hedge. + +So, we know there is global issues so lets touch briefly on each of them. Firstly, if you are going to try predict the markets, you are predicting global economic issues and how they will play out, which is stupid to be honest because you’re not an economist and even if you are you cant be certain how governments will act. Let’s look at the trade war with China and the US which was in 2018 if I’m correct (long time ago in stonk world) where they both decided to fuck over their own economies a little bit just to shit on the others slightly more. Now which side you are on or who is right or wrong is another debate, but the point is within a year it faded away and once Trump was gone, we were all happy and stocks were flying again, if anyone could of predicted any of that they could have been very rich. This also created some uncertainty and saw stonks tank a little bit, so my point once again is don’t try predicting the markets. + +[https://www.piie.com/blogs/trade-investment-policy-watch/trump-trade-war-china-date-guide](https://www.piie.com/blogs/trade-investment-policy-watch/trump-trade-war-china-date-guide) + +Yeah, yeah Taco I’m 2 paragraphs in and a sheep from New Zealand could of Bah Bahd this to me, okay fair point. So, what I’m trying to say and going to focus on is look at companies directly and how the global politics and economics affects them, if your company is not affected by all this drama and the stock tanks 10%, then is your company really worth 10% less over a week or 2? Maybe investors are just taking profits across the board and don’t want to be dealing with the risk as more uncertainty arises, because momentum is a big deal in the stonk market world. All we need to see that is the resource stocks lately when we had the boom and then the even faster crash which has seen the majority come back down as shown below! Now why does this matter? Well BHP is 5.9% of the XJO, RIO 1.92% and FMG 1.69% which puts those 3 in the top 13 in terms of weighting on the XJO. So, our market depends heavily on that, now you aren’t going to go “well we have had a commodity boom which has pushed our market up a little bit so my healthcare tech company should fly too” …right? + +&#x200B; + +https://preview.redd.it/3sa56fxztnr71.png?width=602&format=png&auto=webp&s=631571c7055cfdad1e8c23cb709dbe09e546f0bc + +&#x200B; + +https://preview.redd.it/igjcxtj0unr71.png?width=602&format=png&auto=webp&s=e9b064041af3d26696f1f56fd67406392d05d1dc + +&#x200B; + +https://preview.redd.it/j1x0uh11unr71.png?width=602&format=png&auto=webp&s=84a5cc9d62fc570f6fd584d8287f33030ec00f9e + +So, if we know that we should focus on stocks and not the overall markets, we can see that last night the NASDAQ went NASSHIT down 2.45% while the S&P was only down 1.55%, this is because there was a big sell off from tech companies last night as they are typically the riskiest due to the growth projections and expensive premium that investors pay because of that. Once that risk increases and the projections get disrupted, we see people selling, but does that mean you should sell your commodity stock? + +But the US tanked because they could default on their debt if they don’t raise the debt ceiling! We should be panicking and worrying! Well, this is just little opinion, but the US are going to raise the debt ceiling, and this will be a non-issue in 6 months for a few reasons. The main one is the US has always had major debt issues, for example the US owe China and Japan over $1 trillion each and if they defaulted on those debts then there would be much larger issues than your stocks tanking a few %. Rather than me explaining how this relates to their currency because I think that deserves its own post the link below also briefly touches on it and explains it pretty well and quickly. + [https://www.investopedia.com/articles/investing/080615/china-owns-us-debt-how-much.asp](https://www.investopedia.com/articles/investing/080615/china-owns-us-debt-how-much.asp) + +The other reason I don’t think it will happen is that there is every excuse to raise the debt ceiling in terms of inflation and COVID. The last one which is probably not the most important but still has a big impact is all the money the US has been printing like we are playing monopoly. In theory you should not be able to just throw money at the economy and companies and band-aid everything! However, this is what has happened globally and so far, it has worked, but Buffett also thinks this is suspicious, but he isn’t sure what’s going to happen in the future either. He has said that markets are either very cheap or quite expensive, it all comes down to if throwing money at the economy is going to work. + +The next current issue is Chinas slowed growth, now this one is a god knows issue because China is quite secretive with what they do, and they aren’t exactly the friendliest country. The US doesn’t like how they have exploded in growth over the past 20 years and China doesn’t want to slow that growth because then they will seem weak, so they can’t afford to not match the US. Then we had the Chinese government reducing their imports from Australia and slowing down steel mill operations and now we have the Evergrande issue which has been dwarfed by the US this week which just shows how fast the markets move. So now it should be clear that if you want to predict the markets, good fooken luck because there’s so much uncertainty and events every week that you need to be consistently putting in multiple hours everyday to do it long term or just get lucky short term. We have all seen people have 300%+ gains, but if anyone can do that sustainably there would be no need to work pretty quick, which signals it’s not realistic long term. + +[https://www.argusmedia.com/en/news/2234033-china-to-cut-2021-steel-exports-under-green-shift-sifw](https://www.argusmedia.com/en/news/2234033-china-to-cut-2021-steel-exports-under-green-shift-sifw) + +[https://www.scmp.com/economy/china-economy/article/3140863/china-trade-likely-slow-down-second-half-year-despite-strong](https://www.scmp.com/economy/china-economy/article/3140863/china-trade-likely-slow-down-second-half-year-despite-strong) + +This is where hedging comes in! Now let’s say you have your big stock you like, whether its some dodgy penny stock or some stable blue-chip stock, you want to hedge it! Well, you can always sell some stocks and increase your cash holding, but then you are trying to time the market as some would say, and if you don’t think any of your companies are overvalued then you probably aren’t too interested in doing this. But what if you have a company like Macquarie just for example and you think its currently overvalued, well you could protect yourself by getting puts against the market. Now I’m not advising any of this obviously, I’m just saying during times of uncertainty instead of panicking you could learn about options and find a way to protect yourself, that way if the market and your stock tank then you don’t get bent over so bad. I personally am more a fan of just increasing the cash position if I think the majority of stocks are overvalued, because as we said before the market is affected heavily by banks and resources. So, if you own something like JBH (JB Hi-Fi), your stock may not be correlated as much and figuring out a different strategy may be better. + +Now trying to time the market is not easy or fun long term unless you have 5 PHDs and a team of PHD people with you, in which case you are probably working at some big finance firm and shouldn’t be wasting your time on reddit! But giving yourself some sort of protection during these times of uncertainty is important, because its really hard to predict what is going to happen and as more uncertainty comes in you need to think from a fund managers perspective! + +This is my last but probably most important point, consider how a fund or big investment firm would act because they are who matter. As much as its nice to see us retail plebs make a difference occasionally with random shit, overall, with boomer stonks we are just little plankton in a sea of whales…well I am anyway. A fund managers most important role is to stay in their job, its not to perform for the client, because if it was, there would be more risks and more funds that operate in a risky manner. An example which stuck with me was when Peter Lynch mentions a fund manager won’t get fired if Apple drops 10% because they can say its not their fault, Apple is a stable company blah blah blah. But if they invest in something nobody has heard of which they believe has the potential to 10 bag and it falls down 10%, its harder to convince clients because they haven’t heard of it or know about it! + +This is where everything ties in together and why you should worry about your own stocks, because you aren’t a fund manager, and you can’t analyse the whole market and new risks on your own every week. So, find what companies you like and if you want to hedge for them figure out what works for you, I know gay bears aren’t appreciated around here but I have been 30% plus cash for the last few weeks in the mock portfolio simply because I haven’t found any companies undervalued, not because I’m worried about the markets, that’s the team of PHDs job. So overall don’t panic, simply make sure you have a strategy for hedging and stick to it, if you change your mind every day or week with the news you may end up ahead somehow but long term you wont and you will look like a bigger idiot than someone buying DLC at 1.8c. +We all hate commission fees and I hate getting charged everytime I buy and sell, however there are other things to consider. + +There are implicit costs such as the bid-ask spread. The bid-ask spread is the difference between the highest price a buyer is willing to pay for a stock and the lowest price the seller is willing to sell. Sometimes there are large spreads which means you may significantly more than the market price. I believe larger brokers have lower bid-ask spread. + +The interface and technology for investing is something to take into consideration too. Some banks have additional information on industry outlooks, screening, summary of company news, and big announcements, equity research. This may be something that can add extra value for you. + +You can invest right away if you transfer money into your investing account. If you see a stock you want to buy right away, this can add additional value. + +For people who buy and sell a lot, then commission-free brokerages might be the best option for you. But if you are like most people who buy indexes and hold and buy and sell stocks every once in a while, commission fees might not be the only thing you want to take into consideration. +Previous post: [https://www.reddit.com/r/fatFIRE/comments/nttn58/follow\_up\_to\_faang\_vs\_startup\_post\_job\_offer/](https://www.reddit.com/r/fatFIRE/comments/nttn58/follow_up_to_faang_vs_startup_post_job_offer/) + +I wanted to close the loop on this series of posts, for anyone who was curious. I ended up taking a Dir Eng offer at an about-to-go-IPO startup (not the one I posted about in the post above). Their equity offer was good enough that my total comp there was more than at my FAANG role, so it was a relatively easy decision financially. I'm very happy with the move so far despite some turbulence in the stock since the company went public - the company is much more fast paced, the work is meaningful and there is relatively little politics (from what I've seen so far). + +I'd encourage people unhappily stuck in FAANG roles to look outside - there are many opportunities, though you might have to get to and reject a few offers before you find one that's financially reasonable. Good luck. +**About Zerodha**: + +Founded in 2010 as a discount brokerage, today, Zerodha is India's largest retail stock broker, and a fintech powerhouse. Founded in 2010 as a discount brokerage, in 2019, Zerodha displaced big brokers, becoming India's largest retail stock broker. Zerodha has 1.4 million clients and contributes 10-15% of all Indian retail capital market volumes daily. With zero VC funding, Zerodha has grown its free equity and mutual fund investment and deep discounted trading models to be one of the most successful businesses in the industry. + +More than just a stock brokerage, Zerodha today is today known as fintech company that has pioneered modern trading and investment platforms and an open broking API ecosystem. + +**About Nithin Kamath (CEO)**: + +*From the* [Zerodha site](https://zerodha.com/about)*:* + +>Nithin bootstrapped and founded Zerodha in 2010 to overcome the hurdles he faced during his decade long stint as a trader. Today, Zerodha has changed the landscape of the Indian broking industry. +> +>He was named one of the “Top 10 Businessmen to Watch Out for in 2016 in India” by The Economic Times for pioneering and scaling discount broking in India. + +**About Kailash Nadh (CTO)**: + +*From the* [Zerodha site](https://zerodha.com/about): + +>Kailash has a PhD in Artificial Intelligence & Computational Linguistics, and is the brain behind all our technology initiatives in our quest to put Zerodha on the global map. Various projects he has worked on over the course of a decade have been used by over 50 million users globally. If he is not coding, you will probably find him coding more, or tending to his stamp collection. + +**About Karthik Rangappa (Head of Education):** + +>Karthik Rangappa, has been trading and investing in the Indian equity markets for over 14 years now. He manages Zerodha’s flagship education initiative – Varsity, a collection of stock market articles and lessons ranging from the basics of the stock market to advance topics such as options trading and statistical arbitrage. + +Prepare your queries related to Zerodha - the platform, products and services offered by the company. They've indicated they would not comment on investment advice or on the market outlook. + +The AMA is scheduled for **27th and 28th April, 2018** + +If you are unavailable on these days and would like to have your questions answered, leave them here or PM the mods, and we'll try and have them answered by the Zerodha team. You can also post your questions now, to give them time to prepare their responses (answers would be in the AMA thread). +**About Zerodha**: + +Founded in 2010 as a discount brokerage, today, Zerodha is India's largest retail stock broker, and a fintech powerhouse. Founded in 2010 as a discount brokerage, in 2019, Zerodha displaced big brokers, becoming India's largest retail stock broker. Zerodha has 1.4 million clients and contributes 10-15% of all Indian retail capital market volumes daily. With zero VC funding, Zerodha has grown its free equity and mutual fund investment and deep discounted trading models to be one of the most successful businesses in the industry. + +More than just a stock brokerage, Zerodha today is today known as fintech company that has pioneered modern trading and investment platforms and an open broking API ecosystem. + +**About Nithin Kamath (CEO)**: + +*From the* [Zerodha site](https://zerodha.com/about)*:* + +>Nithin bootstrapped and founded Zerodha in 2010 to overcome the hurdles he faced during his decade long stint as a trader. Today, Zerodha has changed the landscape of the Indian broking industry. +> +>He was named one of the “Top 10 Businessmen to Watch Out for in 2016 in India” by The Economic Times for pioneering and scaling discount broking in India. + +**About Kailash Nadh (CTO)**: + +*From the* [Zerodha site](https://zerodha.com/about): + +>Kailash has a PhD in Artificial Intelligence & Computational Linguistics, and is the brain behind all our technology initiatives in our quest to put Zerodha on the global map. Various projects he has worked on over the course of a decade have been used by over 50 million users globally. If he is not coding, you will probably find him coding more, or tending to his stamp collection. + +**About Karthik Rangappa (Head of Education):** + +>Karthik Rangappa, has been trading and investing in the Indian equity markets for over 14 years now. He manages Zerodha’s flagship education initiative – Varsity, a collection of stock market articles and lessons ranging from the basics of the stock market to advance topics such as options trading and statistical arbitrage. + +Prepare your queries related to Zerodha - the platform, products and services offered by the company. They've indicated they would not comment on investment advice or on the market outlook. + +The AMA is scheduled for **27th and 28th April, 2018** + +If you are unavailable on these days and would like to have your questions answered, leave them here or PM the mods, and we'll try and have them answered by the Zerodha team. You can also post your questions now, to give them time to prepare their responses (answers would be in the AMA thread). +This post is inspired by a similar post that attempted to predict the price for January 1st, 2018: https://www.reddit.com/r/ethtrader/comments/6etpqm/challenge_lets_collectively_predict_the_eth_price/ + +The original post was posted on June 2nd, 2017, when the price of ETH was 275 USD. The price of ETH on December 31st, according to coinmarketcap, opened at 712 USD and on January 1st, the price opened at 755 USD. +The average prediction on the original post was 710 USD. For 7 months in advance, this was an amazingly accurate prediction and it shows the true power of the crowds - predictions, that are much more accurate than any single prediction by a single person could ever be. + +&nbsp; + +So, let's do it again! I have two challenges for you: + +* What do you believe the price of ETH will be in two months (April 11th)? + +* What do you believe the price of ETH will be on January 1st, 2019? + + +**Write your prediction in the comment. Try not to look at other predictions before commenting - that will make predictions more accurate.** If you only write one prediction, I will suppose the prediction is for January 1st. I will recollect all your predictions in a spreadsheet and calculate the average value. + +&nbsp; + +**EDIT:** (February 12th, 19:45 GMT) Thank you everyone for the amazing response! I have published the results of this thread here: https://www.reddit.com/r/ethtrader/comments/7x3det/reddit_has_spoken_the_results_of_collective_price/. I will not be adding other responses to the average (and, based on the number of responses, any additional response would only have a very minor effect on the average predictions). +https://www.bloomberg.com/opinion/articles/2020-06-23/robinhood-traders-will-have-fun-until-they-get-wiped-out + +One time when I was sitting in my college dormitory, I heard a whoop of joy from down the hall. My dormmate announced that he had just made $500,000 trading in the stock market, after having invested only a few thousand dollars. When I asked him how he did it, he grinned and simply said: “Call options.” I spent the rest of the day reading about how this marvelous financial instrument could be used to make a fortune in a day with just a small initial stake. + +Of course, my lucky dormmate doubled down on his investment and ended up losing most of his money when the dot-com bubble burst a couple of months later. + +This saga illustrates the danger of day trading, especially with leveraged instruments such as options. After the 2000 tech bust, day trading declined, but the coronavirus pandemic seems to be driving something of a renaissance. Goldman Sachs Investment Research reports that the percent of trading volume in the stock and option markets from small trades has increased a lot since January, while discount brokerage TD Ameritrade reports that visits to its website teaching people how to trade stocks have nearly quadrupled. Robinhood, a trading app that offers zero-commission trades and a simple, video-game-style interface, had 3 million new accounts opened in the first quarter. Half of its new customers are first-time investors. Many online communities are filled with the standard elements of day-trader culture -- stories of fabulous fortunes gained, hot tips, trading systems and theories and so on. + +Coronavirus probably isn’t the only reason for the boom in day trading. Brokers realized that they could offer zero-commission trades and make up for it with interest earned by lending out their cash balances. Mobile apps made trading easier and more fun than ever, and allowed new traders to start off with small amounts of cash. A new generation of speculators has no painful memory of the dot-com bust. + +But whatever the reasons, the new day trading mania is not likely to result in a happier outcome than the last one. There are many theoretical reasons and a wealth of empirical evidence to suggest that most day traders are wasting their money. + +One of the most important concepts in finance -- and yet seemingly one of the hardest to understand -- is that there are two sides to every trade. For a day trader to make money, someone else has to lose money. In the most optimistic case, the loser could be a normal person who needs to put money in or take money out of their retirement account, and who therefore doesn’t worry much about the price at which they buy or sell. But most trades are not this. Instead, day traders are usually buying and selling either from each other, or from algorithms programmed by skilled, experienced financial professionals. If it’s the former, their trading is a zero-sum game. If it’s the latter, human day traders are very likely to lose because the people who program trading algorithms are typically very smart, and their computers can spot market-moving developments faster than people can. This is why professional human traders have been increasingly driven out of the market. + +A related problem is the idea of slippage. Day traders might think that because they’re paying zero commission, their trades are free. But when a day trader places an order, a trading algorithm somewhere quickly figures out that they want to buy or sell, and raises or lowers the price accordingly, so that the day trader gets a less favorable price. + +Another reason day trading is a bad idea is that people often fail to understand when they’re winning and losing. If the market as a whole goes up (as it has recently), many stocks will be winners. That can make a day trader feel like they won, even if they would have made as much or more money if they had simply bought an index fund and held onto it. This is especially true right now, when correlations between stocks are very high -- in this case, meaning many stocks are rising or falling together. + +Finally, day traders often don’t understand the amount of risk they’re taking. Call options of the type my college dormmate bought, for example, are a form of leverage -- you might make fabulous riches, but you’re very likely to lose your money. One young novice investor tragically committed suicide after seeing his account generate large losses; though he probably misread the account statement, this incident drives home the point that investors may not be prepared for how much money they can lose with the trades they’re making. + +A large amount of empirical evidence confirms that most day traders lose money. A very large 2004 study of Taiwanese day traders, for example, found that more than 80% lost money. A tiny number -- about 0.03% -- earned consistently large profits, but the odds of possessing this kind of skill are slim. Most studies of day traders in the U.S. and Finland yield similar results -- a few traders are consistently good, but most lose out. + +Day trading might therefore be a fun way of gambling for those who are locked inside waiting out the pandemic. But if regular Americans start betting large amounts of their money on individual stocks and options, they’re courting financial ruin. If you want to day trade, the best thing to do is to bet only a small percent of your money to learn whether you’re one of the few who has the skill to beat the market. Day trading should be treated like an expensive video game, not like a way of getting rich quick. +I maxed out contributions to my 401k and have two pay periods left in 2020. Looking for advice on what to do with the next couple paychecks. + +Context: +Married, filing jointly. One dependent, but will have another before end of year. Family does have 6 months of emergency savings. No credit card debt, have a mortgage and 1 car payment. Excellent credit. Wife and I share all finances. + +Near term, we’ll be getting a new car to support expanding family. Longer term, we’ll need to get a bigger home (5 years or so). + +I see a few options: +1. Have my wife boost her 401k contributions to cover what I would have contributed ($755 per pay period). This won’t completely max out her contribution limit, but it will be close. I do expect we’ll owe money to IRS so lowering taxable income is enticing. +2. Put the money into my company sponsored Roth. I don’t mind our plan and it has good low cost options, but this takes away flexibility. +3. Use the cash for more money down on impending car purchase. I don’t like car debt, but rates are so low that it seems reasonable to take on debt and make investments that I can expect to exceed the APR of any loan (2.69%). + +Edit: just got out of a meeting and this has gotten a lot of great responses. Thanks for all of your help! + +One thing I’ll add is that my company doesn’t match 401k or Roth contributions. + +Edit2: it’s going to charity! Excellent suggestion u/biancaschild +I'm not expecting everyone here to be honest. But when people on this sub ask for stock advice, what to buy, what's hot whats not. How many of you guys give actually genuine advice, and how many of you just say to buy whatever you hold. I'll still yolo into the stocks mentioned most. But just wanna know if its legit advice +Original post https://www.reddit.com/r/personalfinance/comments/3fay73/i_hit_a_milestone_today_ive_officially_saved_800/ + +**Assumptions** + +* 16 cigarettes per day (this is where it was when I quit, I'd probably be over a pack by now if I let the trend continue) + +* $7 per pack. (I initially used $6.50 but prices have increased significantly since I quit, $7 is probably still a lowball) + +**Results** + +* Days quit: 1001 + +* Cigarettes not smoked: 16,016 + +* Money Saved: $5,606 + +* Time not spent smoking: 66 days, 17 hours, and 36 minutes + +* 54% of the way to being at the same risk of lung cancer as a non-smoker + +Last time I posted regarding this I had talked about being excited that we could use the money saved to buy a bed. Well unfortunately the apartment complex got bedbugs so that is long gone. However we have since been able to save up enough to purchase a house, where my fiance and I now live. I'm also glad to report that she has also been smoke free for almost 2 years. + +Quitting smoking has drastically increased my productivity at work. It turns out that your social circle actually expands pretty significantly when you no longer smell like an ashtray constantly. I also qualify for much cheaper supplemental life insurance through my employer now that I don't have to list myself as having smoked in the past 12 months. I cannot stress the intangible benefits of quitting enough. +Im 18, getting my motorcycle license in 3 weeks, and want to get a bike. The dealership near me has the bike I want used for $6,500, but I only have about $1,250 to put down up front. So I would have to finance the rest and it would be about $130 a month for 4 years. But I don't know if I want to dive into a 4 year long commitment right now. I could pass up on the great deal and just get a cheaper bike new for $5k and it would be \~$160 for only 2 years, but it's a decent downgrade. Also winter is coming so I probably won't have a whole lot of riding time If I buy it now instead of waiting until next spring. Another thing to note is I have a honda civic leased right now which is paid for by my mom, and it ends in 2 years meaning I'll need to save up to buy a new car. + +Considering insurance, gas, parking space, maintenance, and loan payments, the total monthly cost of the bike would be about $285 per month. Plus my current bills which are $130 per month, which comes to a new total of $415 per month. I make anywhere from $800/$1,200 per month at my job, which means the total bike cost alone is about \~23/35% of my monthly income. + +Is a 4 year motorcycle loan crazy for an 18 year old? I know that if I invested the money instead I would have a lot more saved up after the 4 years, but I can't imagine myself wanting to ride a motorcycle when I'm older and have a fulltime job and more responsibilities so it feels like this is the prime time to do it. Should I opt for the cheaper bike and get only a 2 year loan? + +TLDR - Should I finance a motorcycle (about \~23/35% of my monthly income) for 4 years at 18 yrs old? + +EDIT - Holy shit this post blew up waaaaaay more than I expected. I’ve read as many comments as I possibly could, and there’s a lot of great advice in here. I think I’ve come to a decision of saving up until next spring and buying a smaller used bike in full cash. (Thinking like 250/300 cc). There were a lot of comments asking similar questions so I’ll try to answer a bunch; I’m a full time college student, I’m still living at home, I originally was paying for my own car lease but my mom insisted to let her pay, I took the MSF course already, the MSF course was the only time I’ve ever been on a bike, I have a full face helmet and basic gear, and I fully know and understand all of the risks that come with riding. Thanks to everyone who commented I’ve still got like 200 more to read but we’ll get there. +Back in late Feb early March, I was panicking (like everyone else) after seeing the gains I've made in 2019 disappear. Not knowing wtf was going to happen, I was going to cash out. I called my dad and asked what he thought of the situation. I was surprised/confused when he told me that he sold 2 of his properties and dumped all the money from the sale, as well as most of his savings into assets during that time and he advised me to do the same. I was very skeptical at the time and I was worried I would need the capital with all the shit that was going on- lockdowns, essential needs/food shortages, riots out here in LA. He then told me, "You'll never get an opportunity like this again, poor people are buying up toilet paper, rich people are buying up stocks." I'm definitely not "rich", but I decided to to take his advice and dumped all my liquid assets into the market- around $75k. All I can say is.....thanks Dad. +My list: + +1. BAM.A --> diversified holdings, long historical track record and great CEO Bruce Flatt +2. TD/RY --> both amazing choices for US & CDN exposure (however, any big 6 bank is excellent) +3. CNR --> crucial part to international trade and long historical slow and steady gains +4. SHOP --> "Canadian Amazon" and I'm still bullish on tech +5. ENB/FTS --> can't go wrong with Canadian energy / utility + +What are yours? +She will be providing only 15 percent of the equity and myself the rest. + +I want it to be as fair as possible so if we did it how should we split up the rental income and eventual equity when the house is sold ? + +I'm thinking she will get a percentage of rental income after taxes dependant on the equity she puts in but I'm unsure how we should agree about the eventual sale of the property. + +She will be putting in an equal amount of work renovating the property with me without using contractors. + +Should we split the profit when sold evenly due to the equal amount of physical work renovating it? Or should this still be a percentage of the equity she invested? I don't want disagreements and I want it to be as fair as possible so there is no room for falling out + +So wanted advice on how to proceed. + +Edit: thanks for the advice I will have a think; although the multiple private messages from people offering me investment opportunities... No thanks. +Here is the problem I'm having with my job. I like working here, but every year my responsibility level goes up and up. 5 years ago when I started, the job was busy but pretty good. However, now I'm the lead on projects, with people working under me, interfacing with customers, travelling internationally, solving problems on the floor, and reporting directly to senior management. The stress and the work have really ramped up in intensity with each passing year. The more senior you get, the worse it gets. + +Meanwhile, our compensation increases by 4-4.5% annually depending on a number of factors. It is always within this range until it caps after you reach the ceiling for the role. With inflation being around 2% annually, the real growth in compensation is about 2-2.5% annually. After 5 years, I am making about 23% more than my starting salary. + +It really doesn't feel worth it anymore. During my last annual review I tried to ask for a larger increase, but was told that it simply doesn't happen. I have actually been thinking about leaving. If I can't find a higher paying role, would it be a reasonable thing to do to look for a lesser paying role with less stress and responsibility? + +Edit : Wow! Thanks everybody for sharing advice and experience. I'll be reading through the best I can. Didn't expect this to blow up. I hope this thread is helpful to others in my shoes right now too. +In this piece by David Frum: [https://www.theatlantic.com/ideas/archive/2021/09/five-challenges-could-trigger-trump-comeback/620221/](https://www.theatlantic.com/ideas/archive/2021/09/five-challenges-could-trigger-trump-comeback/620221/) He said this about rising prices in the U.S. + +> Economists disagree on whether to describe the resulting rise in consumer prices as “inflation,” in the sense of a loss in the purchasing power of money relative to all goods and services. + +Is he right? If so, then what are the names of these economists and why the disagreement? If he is wrong, then how did anyone make this kind of mistake when you can just look at the CPI and see that its going up? [https://www.bls.gov/cpi/](https://www.bls.gov/cpi/) +It is odd. A lot of printing of money to buy assets was done without really knowing what would happen and now, rather than wondering if we are learning the outcome of a lot of unprecedented monetary policy, the Fed and observing economists seem to be unwilling to accept that the QE and monetary expansion led to inflation, even though *we knew in both 2008 and 2020 that expanding the fed balance sheet by, in effect, printing money, might lead to inflation* + +It seems like rather than trying to over analyze the inflation problem, this might be an Occam’s razor situation. Or am I completely off base? +When I first learnt to trade, I had no clue what I was getting myself into. As I was searching the internet for the wide range of forex material available, I noticed two main things. The first one was 'Forex is the hardest easiest money you will make' and that 'Over 90% of Forex traders fail.' + +Well, now, as I've been trading forex for some time now and mentoring people how to trade, I realised the 3 biggest mistakes I made while learning to trade. + +&#x200B; + +**1. Overtrading** + +I would jump on the charts at the London open, do my analysis on 6-8+ pairs and place multiple trades at once. This happened every time I jumped on the charts, I ALWAYS thought there was a trade to be taken. I remember feeling like a real professional at the time, watching my multiple positions tick up into profit but eventually hitting my SL and closing me out, losing 2-3% a night. + +Obviously just starting out, my trading psychology wasn't the best and this often resulted in emotional trading. I would open up bigger positions to make up for my losses, which often resulted in even greater losses. One trade, I lost 2k in a matter of minutes which was 40% of my account at the time. + +Do I regret any of this? Absolutely not. This helped me to build the current mindset that I have today. When these BIG mistakes occur, you have to remember that you are in this for the long haul. I would tell myself that 2k will be nothing when I am trading a 100k account in the future. LEARN from your mistakes, do not make them again, and then move on. + +I found journaling and back testing EVERY trade I took to greatly help this problem of overtrading as the more trades I took, the longer I would be spending on the weekends studying all my trades. + +&#x200B; + +**2. Not understanding the importance of RR and risk management** + +I didn't understand how important risk reward ratios were when I first started trading. My mentor would always tell me not to take any trades that were less than a 1:2.5 RR but I struggled to find these trades as I was always just taking random trades when I hopped on the charts. + +Once I finally understood, through experience, that trading is a game of probabilities and to have an edge over the market and therefore gradually grow your account, you need to ensure you are taking trades with a good RR. I would be watching the charts and when price was coming close to my entry price, I would execute a buy/sell, not realising that the few pip difference made a massive difference to my RR. I found the use of pending orders to help this issue greatly as it removed my fear of missing a trade and executing at a worst price. + +&#x200B; + +**3. Trading multiple pairs** + +As I mentioned before, I would hop on the charts and analyse 6-8 pairs to see if there were any trades to take. If no trades grabbed my attention, I would continue to skim all 6-8 pairs until I forced a trade to come to my attention. + +Trading multiple pairs was terrible for my trading at the beginning. I always assumed that all pairs have the same qualities and move the same but how wrong I was. Reducing the number of pairs that I traded to only 1-2 helped my trading greatly. You notice certain qualities that each individual trade has, such as EURUSD not pulling back as much as GBPJPY, for example. You learn the language of the pair and how it may react at certain S/R or to certain news. + +&#x200B; + +What are you currently struggling with? +Hey guys, I need your help. I closed a short on Kraken when my equity (unrealized profit/loss + balance) was worth about $40k. I closed my short position by buying 200% worth of the original attempting to open a long while closing (kraken has a feature where you can choose to close your margin position by percentage, and anything over 100% turns into a margin long). + + +I instantly had a -$800 balance on my account (instead of what should be around $40k ). The long didn't open because they halted new margin positions, but the close order went through fine, showing about a -$10k loss on what was a $51k balance, which should have left about $40k--not -$800. + + +What is going on? There seems to be an error in the new system and support hasn't responded. Has this happened to anyone else? + + +Also, for those interested, here is a more detailed overview of the lintany of problems resulting from gross negligence that I have experienced with Kraken this week: + + +I opened a short right before Kraken went down to take advantage of the Korea FUD, but could not close it. Kraken had zero notification on their main website about the update and did not email me about this beforehand. Additionally, it was supposed to last 2 hours. + +To make matters worse they initially said margin trading would be closed for 48 hours after the site came back online and my first attempt to close my short failed, so I assumed they blocked people from closing margin shorts/longs since it uses the margin functions. Later in desperation, as I continued to lose more and more money as eth rallied, I tried to close it, and it worked--but that's when this new problem occurred. + + +The way Kraken announced and handled this update is completely negligent and unprofessional. I should have around $60-$70k in my account had I been aware of the update, and now I should at the least have about $40k, yet it says -$800. + +kraken-tyler and jespow how will kraken rectify this? Your incompetence cost me around $30k and possibly my entire balance if I am to believe the website atm, not to mention the extreme emotional toll this has had on me. + +I have slept 4 hours in the past three days as a result of constantly checking your status update on the upgrade, which consistently grossly underestimated the time until launch, giving false hope to users, and providing reason for me to continue to attempt to stay up a few more hours in order to close my position to minimize damage. An estimated couple hours turned into a couple more hours which turned into 2 days. I didn't sleep for almost 35 hours at the start of all of this. + +All insights into how I can go about receiving support or possibly pursuing legal action if necessary (really would like to avoid this and currently giving Kraken the benefit of the doubt, but this is not a small amount of money) to fix this situation are much appreciated. + +Edit: + +It seems this exact issue has happened to others such as /u/TraderJoeSmo + +https://www.reddit.com/r/btc/comments/7q8um2/psa_major_kraken_bug_resulting_in_missing_funds/ + +Here are the pictures he took documenting his version of this issue: https://imgur.com/a/vyU6L + +If you want to read this all, you will need a good 8 minutes. ~~I do not have a TL;DR since it completely defeats the purpose of DD, especially with the market since it is so complex and cannot be summarized in one line.~~ + +Edit: TL;DR at bottom. + +I also *very* briefly summarize some important and complex topics for the sake of keeping this short(ish). + +&#x200B; + +Disclaimer: I study this all for fun and all of the topics I will discuss are conclusions I personally made while researching market mechanics. There may be flaws and I hope that smarter apes than me can set me straight if anything is incorrect. + +&#x200B; + +&#x200B; + +Buckle up because I am about to go over some weird stuff that will likely make you think differently about the stock market as a whole if you decide to fully read this post. + +The stock market is driven by many factors, but there are some that outweigh the others in particular scenarios. The major drivers are the following: + +&#x200B; + +Futures, ETFs, options, swaps, and least importantly... inherent value of the companies + +&#x200B; + +I will discuss a few of these and show how they can affect an unsuspecting stock + +&#x200B; + +&#x200B; + +**1) Futures** + +When you wake up at 4:01AM EST to check your stocks and see that your entire portfolio is up 4% and the major indices are flying high, do you ever wonder why such large moves happened overnight? The answer is Futures. + +&#x200B; + +https://preview.redd.it/d7p5r8m60wr91.png?width=249&format=png&auto=webp&s=608fdfb1aff4c8d9b0c9e3445afd906144abf3ba + +Futures trade all night long and have major effects on the opening prices the following day. There are a lot of 1-day futures that determine what the closing price will be from the opening price. + +[https://finance.zacks.com/correlation-between-premarket-futures-daily-close-11268.html](https://finance.zacks.com/correlation-between-premarket-futures-daily-close-11268.html) + +This can be seen on illiquid stocks which lack options. If you give me the opening price of one of these stocks for any given day, I can give you the closing price with high confidence at 9:31AM EST on the same day. Let's look at an example of this: + +For this example, The blue line represents the overnight price change from market close to market open, then it is sampled each day and compounded. The orange is the inverse, where it takes market open to market close and compounded. + +&#x200B; + +https://preview.redd.it/a0wngut50wr91.png?width=1230&format=png&auto=webp&s=d016aa1afed3077acf65096a0f584200d276c7ab + +As you can see, the price change that happens overnight is almost a direct inverse of the price change intra-day, and even the magnitude is maintained. The only outliers can be seen during the jan'21 sneeze timeframe. + +So based on this chart, I can say that if the opening price is lower than the previous day close, the stock will close this day higher than it opened. This is true to many illiquid stocks but I will just show this one here since it is linked to GME in some way. + +The lack of options gives a limited number of signals to the algorithms to push the price, so they need to rely on something that is visible to the public (but not many people actually look at this stuff, I'm sure) + +&#x200B; + +&#x200B; + +**2) ETFs** + +Do you ever wonder why stocks almost all follow the overall market and can even get price action pushed down on good news if the rest of the market is tanking? One of the big movers here is ETFs. I am sure there will be a lot of pushback on this since ETFs are 'passive' and only follow the underlying baskets of securities... in theory... + +In practice, ETFs give traders several advantages such as tax exemptions and no wash-sale rule. + +[https://www.investopedia.com/articles/exchangetradedfunds/08/etf-taxes-introduction.asp](https://www.investopedia.com/articles/exchangetradedfunds/08/etf-taxes-introduction.asp) + +These among other reasons have caused ETFs to rise dramatically in popularity. It is easier for an investor to dump their money into an ETF that tracks an entire basket of stocks than to pick and choose with much more risk and time commitment. Because of this, ETF trading accounts for a large % of daily trading volume and in many cases, it could be more cost effective to trade the underlying securities to manipulate the ETF price in your favor for arbitrage purposes. + +&#x200B; + +https://preview.redd.it/bh689ax40wr91.png?width=1059&format=png&auto=webp&s=9c4a55d618e6d6e663ad0608692b84e199531ce6 + +&#x200B; + +https://preview.redd.it/8bc3zjc40wr91.png?width=1066&format=png&auto=webp&s=2949fcf24375e487db4f233aafc1f477cefbeee8 + +&#x200B; + +3) Swaps + +Now this is a gray area for everyone not 'in the know' since swaps data is intentionally hidden from the public. I started scratching my head a bit on this when I read the Credit Default Suisse (CDS) report on the Archegos mess. + +Link to the report can be found here:[https://www.credit-suisse.com/about-us-news/en/articles/media-releases/archegos-202107.html](https://www.credit-suisse.com/about-us-news/en/articles/media-releases/archegos-202107.html) + +&#x200B; + +&#x200B; + +https://preview.redd.it/sc9a02c30wr91.png?width=761&format=png&auto=webp&s=cb4d650b9bd6a0593cf3436393670cbbb8f7b194 + +https://preview.redd.it/whwfemj20wr91.png?width=745&format=png&auto=webp&s=7898f921b9cad7f6b9d8c3cd759793d8bdf029ae + +&#x200B; + +https://preview.redd.it/f9vg71u10wr91.png?width=576&format=png&auto=webp&s=07663e01651bd144b271d8d29669242cdf6f57fb + +The TL;DR of the CDS report was that Archegos had way too much leveraged long positions compared to short swaps, and it left CDS exposed in the event that they defaulted. Here is a pretty picture that explains how margin works: + +&#x200B; + +https://preview.redd.it/itl598710wr91.png?width=870&format=png&auto=webp&s=ab3c987146baa496b6ef0384574d0da042d90e1c + +Let's take an example. With CDS, the collateral and margin requirements were lowered if the borrower could lower their risk exposure by purchasing short swaps to offset their leveraged long positions. The idea here is that if the long positions lose value, the short swap positions will hedge the loss. + +On paper, this sounds great, but what happens when the Fed decided to pump the entire market out of control starting in 2020? Nearly every stock rose in value, which made the short swap positions less valuable, and the levered long even more exposed since their hedging position was just reduced by a lot. Now this means that if I don't increase my short exposure, I could potentially blow up if my long positions take a massive hit. Look at this statement from CDS. Does it sound exactly like what I just described? + +&#x200B; + +https://preview.redd.it/ql3kjyi00wr91.png?width=576&format=png&auto=webp&s=c1cf6fa0e248cae5777f4f352d7515aa3af62adf + +Now think about this happening to nearly all HFs that do business with these banks that require short exposure in order to minimize required collateral... Nearly everybody was completely over exposed to a wild market event... like Jan 2021. + +After the crime was committed, all these HFs realized that they were completely exposed and needed increase their short exposure massively. They decided to target mid-cap stocks (mostly the stocks retail day and swing traders love investing in). Here is a picture of the Russell 2000 flatlining right after Jan 2021. + +&#x200B; + +https://preview.redd.it/s1h5syqzzvr91.png?width=1103&format=png&auto=webp&s=7e3dabf1ff45e8e31e9bf8fe89071f449f6a515a + +And here is the SPY + +&#x200B; + +https://preview.redd.it/piviuzzyzvr91.png?width=1112&format=png&auto=webp&s=e7da65606bc398231176213752f4c7e91e187033 + +Now they talk a lot about short swaps so I took time to try and see if I can find the swap data surrounding any of the major stonk events... but all days of significance are magically missing from the repositories. + +Here is 1 Feb 2021. Data for 28 Jan 2021 is completely missing. There is data for 27 Jan but there isn't much there. + +&#x200B; + +https://preview.redd.it/9vhpq2dyzvr91.png?width=1618&format=png&auto=webp&s=7bd5eb2914b1449842cd53e154b2862dc3f02feb + +Here is 21 May 2021 + +&#x200B; + +https://preview.redd.it/5ibnoirxzvr91.png?width=1788&format=png&auto=webp&s=97d375fe047a2627348ee92bb12fcdbe71c29711 + +The next available data is 1 June 2021 + +&#x200B; + +https://preview.redd.it/pnf6r93xzvr91.png?width=1696&format=png&auto=webp&s=1edf91d0fda26a6c57ccb1f2073d2e5ce9706214 + +Something curious about all he swaps which I brought up in a prior DD is that the effective date for nearly every Total Return swap is 9/16/2019. + +&#x200B; + +https://preview.redd.it/euepck1vzvr91.png?width=1186&format=png&auto=webp&s=20ade18b7821b07c0e21ff3550ece08f9f716efb + +Now finally, why do I say that the first major move will happen at night? That is because I believe that loss of control or the unwind of a major swap will happen while the market isn't open. + +Here is the same style night/day data I showed earlier but this time for GME. As you see (kind of since I failed at making the scales logarithmic), the Jan 2021 and Mar 2021 pumps mainly happened overnight! The Jan sneeze looks overblown here, but it is on the right-hand scale while overnight is on the left. Daytime price tripled at it's maximum, while nighttime went up 15x in Jan 2021. The March pump was all overnight. The daytime price action was where the heavy volume came in but that was an attempt to price suppress the madness that happened the night(s) before. + +&#x200B; + +https://preview.redd.it/386gxa9f0wr91.png?width=1072&format=png&auto=webp&s=8379954243362238a238ded351b2ffd7b5ee778e + +I also believe that overnight action defines the overall trend of the market. As you can see, we are killing it during the day for GME recently, but they are walking us down overnight. All of our losses are coming from while we are in our beds asleep. They are the evil tooth fairy stealing our money in the night. + +The same can be said for SPY. + +&#x200B; + +https://preview.redd.it/gcf7osntzvr91.png?width=966&format=png&auto=webp&s=47c81c301539f37e3c636274e2703e865198290c + +The overall trend of the market happens overnight, while the noise happens during the day. The summer 'bull' run was an obvious fake-out if you looked at the nighttime price action since that still stayed on the same linear decline. It was a superficial pump that was to inevitably crash back down (which it has) This can be taken all the way back to the inception of SPY + +&#x200B; + +https://preview.redd.it/h6mrimnszvr91.png?width=1180&format=png&auto=webp&s=09d0fc25eebcce81f2b61ecc533dd7bc2aec3a1e + +Usually, the leading indicator for a crash is a steady decline in the intra-day trendline, but right now is unique. This is the first time that the market is being dictated by the night movement, and I believe that it has to do with the insane amount of derivatives and futures that are in the system. + +I know this was a long read, but I am not great at making short posts. + +&#x200B; + +&#x200B; + +As stated at the top, please put me in my place if I am wrong on any of my information. If not, feel free to leave comments with your thoughts :) + +&#x200B; + +TL;DRS +I’m curious if others feel the same way about this group that I do. + +I’m a rust belt city guy. Plugging away towards FI in LCOL with a middle of the road salary situation. + +I really love the insights and takeaways from this sub but in some ways I think it takes on the characteristics at times of traditional social media that most Redditors loathe. + +I don’t like FB or Instagram because it’s a sizzle reel of everybody’s life. Pictures of vacations, achievements, image crafting to perfection. It’s not really an indicator of what the average person’s life is and therefore creates a lot of sadness and depression for people who use that platform too much and start to compare their real life to someone else’s sizzle reel. + +Sometimes I do that with this sub. + +This sub can become a sizzle reel to me. The reason being is I imagine that 90% of the sub are people like me. Salaries between 30-90k who are saving aggressively in order to go against societal norms of what wealth and/or retirement should be. + +(when I was in HS I really like that Rage Against the Machine song “F*ck You I wont Do What You Tell Me!” and I realize that FIRE is just a grown up version of that... but back to my point) + +The other 10% are people in STEM or unique situations who share what they’ve got going on. + +I’d venture a guess that 80% or the content comes from those 10% of users in this sub. + +So the status quo, or what is average, is set by that 10%. + +“37 - 2.5M NW what should I do?” type posts. + +Now I’m not saying the person writing this is bragging or doing it for validation (although I’m sure that’s true in some situations). + +But it does set the bar in many ways... well shit I’m no where close to that I’ll never share where I’m at, now that I think of it I’m kind of a failure. + +That’s why mindfulness is so important with FI if you’re going in these groups. I lose track of that sometimes and just pile on myself but really I should just be comparing me against myself yesterday and not against redditors. + +TL:DL The high achievers tend to share disproportionately more which creates an unrealistic average which in turn creates lurkers out of most people in the sub who are left thinking they haven’t done squat. + + +I have lost over 15-20k trying to learn to trade in the last year. I’ve accepted that with my gambling tendencies and previous history with that issue, trading has become too hard to overcome the mental barrier between trading with a plan and filling my gambling habit. Luckily I have a high paying job right now so it’s not the end of the world, but that’s a car purchase right there that I lost due to horrible risk management, over positioning way too early on (10+ contracts in $TSLA for example), and purely emotional trading. Each loss got worse as I tried to earn back what I had previously lost. I’m sure I can’t be the only one who has done this. + +I need to stop. I need to focus on keeping my hard earned money to support my future family. I have not told anyone in person of my big loss, neither my girlfriend, family, or friends. It hurts to think the pain it may cause them to know of this. + +If anybody has tips on getting over a gambling addiction, please do share. I’ve tried quitting trading a few times and always came back saying “I’m so close!”. This time I’ve deleted all programs and trading apps. Liquidated my account into my savings. Unfollowed trading instagrammers. Deleted discord. + +Just needed to vent. You’re all welcome for my provision of liquidity to the market :) but I must be done. I may be back someday, but through a program such as paper trading or TopStep Trader where I’m not risking my own capital. + +Thanks for listening to my Ted talk and God bless! +Not everyone wants to live in a huge house, even when they have the money to do so. I’m on my way to FATfire but I live in a very small home (1100sq feet PLUS finished basement) with my wife and baby. I like how easy it is to keep clean and I realize we could hire outside help if I had a larger house, but I don’t feel I need all that space. We also really like to travel and would prefer to spend money on experiences. We also don’t have really nice cars. Does anyone else feel this way? +Invest all in schd/divo/jepi all with DRIP on. + +Wait 20 to 30 years. + +Turn drip off live off dividends never sell a share. Or possibly rebalance more into jepi and divo depending on principal hold up. + +Why sell and dwindle down vs live off divs and keep wealth for children after death? What am i missing? +This is the only place I feel I might have likeminded balls of anger. + +As an avid youtube user, that gets targeted by the ads algorithm with finance ads, I absolutely hate E Toro. + +EVERY SINGLE VIDEO is preempted by some preppy American E Toro ad that is doing my bloody head in. Anyone else share this sentiment? +I'm having trouble understanding it's goals or how exactly it worked. Also what effects did it have on the world while it was followed? Sorry if this is a super broad topic. + +Edit: thanks for the responses +We all know the trope that millennials can't afford a house because of unsustainable purchases such as avocado toast or education. So Ausfinance, what's your avo on toast spending habit? +Just moved into a new condo and we are the first renters. Just got our electricity bill for $760! Our daily living has not changed since moving and we never had a bill anywhere close to that. The landlord said he also had a bill of about $700 a month before we moved in. + +He had an HVAC guy come look and found the problem to be that the Nest was turned to use only auxiliary heating, which sucks up a lot of electricity. Now we're stuck with a $760 electricity bill because of improper set up. + +I feel like we should ask the landlord to take at least a few hundred off this months rent due to this. Is this something reasonable? + +**EDIT: Landlord is going to pay for half of the electricity bill** +Ill try to keep this short and simple..... + +Im 45 y/o with a stable job that pays well and have about $60k saved up for emergency use. Ive maxed out my 401k and IRA. I dont have any outstanding credit cards or car payments. All I have is the house mortgage. I have about 12 years on a house mortgage of $3000 a month. Currently Im putting $800 a month into a taxable investment account (stock ans ETF). Since the stock market is so volatile right now (and probably for a while), Im wondering if Im better off putting that $800/month into the mortgage to try and pay it off sooner. I mentioned this to my tax guy earlier this year and he didnt think it was a good idea since mortgage is so low (\~3%). But Im considering doing this for the piece of mind of not having any major bills by the age of 55. And after the house is paid off, I can start putting all my focus back into investing in the market again. Any one have an opinion on this strategy? +With all the new minimum wage laws going into place, I assume there is more recent research now on the impacts of minimum wage laws. So, do they increase unemployment? Do they actually help those who need it most? What kind of impact are we talking about here? There's a measure on my ballot about increasing the minimum wage, so I'd really like to know. +Everyone likes to say that they know about economics, but very few actually do. I have an MA in International Econ and Finance from SAIS and an Econ and IR undergrad, and currently work in the IMF research division as an economist. I hear people all the time promote Federal Reserve conspiracy theories, to gold buggery, to central planning and tariffs, and it makes my head explode. How can I learn do deal with the massive amount of economic misinformation and stupid beliefs ut there? +Hello Superstonk! + +I just wanted to do another compilation this weekend. Re-iterating some old DD I have written as it starts to become applicable to the current situation. + +Jefferies and BOA coming out this week and declaring no more short positions would be allowed to be taken, added some weight to a thesis I had come up with a few weeks ago. I was getting frequently asked on reddit and YouTube. Why is GME's borrow rate so low. Well I came up with a logical answer and now as I feel that theory is becoming more likely I wanted to re-iterate it hopefully to a broader audience as I feel that this is something we should all understand. + +So here it is... + +# Why so short? or Lender's Fuk Hedges? + +This part is speculative but I think it makes sense and the conclusions add up. In my experience, that's usually a good place to start. (no more so than when I originally wrote this) + +**Why keep making or buying these synthetic shares?** + +If they are in fact losing the ability to net a positive change for the short side why keep compounding the problem?... + +**Incentive.** + +I was looking through the Dave Lauer AMA and he kept mentioning rebates, not related, but it triggered this thought. I don't typically go short stocks except through options and I don't use margin. So this is only something I vaguely remembered from school and had to embarrassingly look up. + +Basically any time you short a stock you borrow the share from a lender and you pay a stock loan fee + +***value of securities borrowed X number of days borrowed X agreed rate/number of days in the year = Stock Loan Fee*** + +In addition you must post collateral of: + +***value of securities borrowed X the agreed margin = stock loan collateral*** + +This collateral can be non-cash (eg other liquid equities or government bonds) or you can post cash collateral. + +**Now here is what intrigued me.** + +Sometimes in certain arrangements with larger investors a lender will offer a [rebate](https://www.investopedia.com/terms/s/stock-loan-rebate.asp) for using cash collateral. These rebates are a payment on interest or earnings for the cash held to cover collateral from the lender to the borrower. This rebate typically can offset all or some of the lender's fees to the borrower depending on the Securities Lending Agreement between the two parties. + +**So how does all this tie into GME?** + +The first thing that got me looking into this was a question I get five times a day on my stream, at least. + +**"Why is the borrow rate on GME so low?"** + +GME has a ludicrously low borrow rate for a stock that has as much short interest (as shown above) as it does, currently 0.94%. Other stocks with I suspect are significantly less short (eg AMC: 26.64%,KOSS: 90.80%) have much higher borrow fees than GME. + +This led me to the thought + +**"What if it was in the lenders best interest to keep the rate as low as possible to incentivize SHFs (short hedge funds) to continue shorting the stock ?"** + +It could be if the lenders can make it lucrative for the SHFs to short why would they stop so I started building a scenario in my head what if the deal looks something like this. + +[ Incentivized borrowing agreement ](https://preview.redd.it/5xm15c5r6o371.png?width=1300&format=png&auto=webp&s=eb18908ca4ca150abc6725bea4786ee5b3179e75) + +So the lender lays out a deal where simply by posting the cash collateral the SHF is able to short the stock at no fee while earning the interest or profits off the cash held in collateral. This incentivizes the SHF to continue shorting the stock as the are making profits while accumulating larger and larger short positions. While the Lender accrues more and more collateral. + +The more cash held the higher the interest payment and the more short they can be on GME. In this scenario they are essentially being paid to short the stock. + +**Sounds like the deal of a lifetime. So, what's in it for the lender?** + +Well if I were a lender for a SHF I would have intimate knowledge of what their positions looked like. I would also know that when they extended their positions instead of closing the loans they were at risk of defaulting. If they default I keep their collateral. + +**Why would I only want some of their collateral when I found a way to have it all.** + +Well for this to work the hedge funds would have to be trapped in a cycle of shorting, a lost position with no way out. + +# Conclusion + +So I am gonna attempt to tie all this together. + +My theory is, they never covered not only because they couldn't, but also because the lenders have been incentivizing them to continue shorting through profitable rebate agreements that allow them to short the stock infinitely. + +What the lenders, I believe, realized is that the were trapped in the positions they had no option but to continue shorting the stock hoping the interest would die down and retail would back out. + +The Lenders took advantage of their "trapped" positions by structuring deals that would help them continually short the stock at the cost of cash collateral. The lenders win either way either off the profit of the borrowed shares or accruing collateral on loans that were guaranteed to default. + +**The lenders are lending synthetic shares because they know that in the event of a default it won't matter, because the shares will be diluted along with the rest of the assets.** (Sound familiar? It should the lenders are doing to the SHFs, what the SHFs are doing to GameStop) + +The only missing piece of this, + +**Do lenders pay taxes on seized collateral from a defaulted loan?** + +I'm currently unsure it looks like they do, but I am not experienced with tax law I have no idea the value of unrecovered synthetic shares that could be claimed as a loss. + +Normally I don't post my video's directly on here but this topic came up on my livestream on Friday and I covered some Q&A on it. I do not have time to transcribe it as this is the first of two DD's I will be writing today. + +# Video Q&A + +Additionally for anybody with reading comprehension issues I hope this helps in understanding this complex topic. + +*\*This video 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.* + +[Video Q&A](https://youtu.be/EIs5Ay6OEYk) + +As always thank you all, my weekly technical analysis DD will coming out later tonight I will link it here when it is up + +❤️🦍 + +\- Gherkinit + +Edit 1: [Weekly TA DD up for 6/7](https://www.reddit.com/r/Superstonk/comments/ntsm5a/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Edit 2: I believe the order of liability to cover FTDs goes like this + +[FTD clearing chain in the event of liquidation](https://preview.redd.it/gsg8f950pq371.png?width=2054&format=png&auto=webp&s=c989d7296d8bef057d5669bd86f4dc9eacbc5448) +So, I’m going to turn 18 in about a month. I’ve just been informed that even though they (my legal guardians, who are my grandmother and my father) have refused to let me get even a learners permit, and even though I am still in high school and getting fairly good grades, I will be expected to move out within 2 weeks of my 18th birthday. This came as a surprise because my brother is 19 and still lives with them, but at this point I don’t care about that. I don’t know what to do. If I had a car, I think it would be easier, since I could get to work and to school and have a safe(ish) place to sleep, but I’ll be getting my learners on my birthday (if all goes well). There’s no way I can drive. I have no family in this area, and while I could talk to my friends and their families about staying there for a while, that’s only a temporary solution. I do plan on talking to my school and to my guardians to see if I could get an extension until I have my license but I’ve never lived on my own, and i don’t even know how I’m going to be able to go to college. Any advice is greatly appreciated. +(Also, if this is in the wrong place, please let me know! Thank you!) + +Edit: some people suggested joining the military, but due to a disability my local recruiter said that would not be an option to me. +Some F.A.Q + +Why are they kicking you out? I’ve explained this in comments, but I don’t know. They only told me that it’s because I’m going to college. They also wrote up a contract stating I would never go to college which doesn’t sound like it would hold up in court. + +What is your disability? I respectfully decline to share more details about my disability; the only things I am willing to share are that it affect my ability to walk, and that I am unable to run. + +Where do you live? I’m in a rural part of West Virginia. + +Can we donate? No. Asking for money isn’t something I want to do, and also I think it may be against subreddit rules. + +What career do you want to go into? I’m planning on attending a Community college for a degree in computer science. I’ve already been accepted! + +Are you drinking or on drugs? No. I don’t do either, I’m not interested in an addiction that will ruin my life. + +Can’t you go with your mother? Sadly, my mother passed away 10 years ago. +Idk why but for some reason SS won’t let me directly post my screenshots. If anyone knows why that is I would love to know. 🤷🏼‍♂️ +Never had any issues posting here before and I’ve been around for a hot minute. One of the first 5k members of SS + +[https://imgur.com/a/Oyibemc](https://imgur.com/a/Oyibemc) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +I was pulled aside by my boss yesterday and I was told that I had 30 days to find a new job, either internally or externally. My position is being eliminated, so it has nothing to do with my performance. I've been in shock since then and afraid of what will happen over the next 30 days, as well as what I should do in case I don't get a job by then. + +As the title says, I've also been counting on tuition reimbursement to pay for at least part of grad school, so if I continue school, this will be a major blow to my finances; even if I get a new job at the same salary (which seems unlikely for various reasons - according to Glassdoor, I'm actually overpaid in my position), I probably won't get the same tuition reimbursement benefit, so it's effectively a huge pay cut. + +I was fortunate enough to sell a condo earlier in the year, leaving me with a sizeable emergency fund - I could live at my current standard of living, minus fun money, for a year off of savings if I had to, but I'd really rather not drain my savings like that, especially because the money was also my backup grad school fund. My apartment is my biggest expense by far and I'd be willing to downsize if the lease breaking fee wasn't so big (\~$3000). I can post my budget if it would be helpful. I use YNAB religiously. + +I also have pre-existing medical conditions that require medication daily, and I'm afraid of losing my insurance. + +I'm based in Michigan if that makes any difference. I already looked up unemployment payments and it's abysmal. + +What are the best things for me to do over the next 30 days, and if the worst case happens, 31+ days from now? + +Edit: I woke up this morning to this post having exploded. Thank you so much to everyone that has offered advice - even if I haven't responded directly, I'll read every single comment. +Hey all. So two years ago I shared my budgeting spreadsheet for the first time and to this day I still get messaged daily about it. I first made this spreadsheet to help myself understand how to budget- I've always been terrible at so I made a spreadsheet that broke it down into something manageable. + +It looks like [This](https://imgur.com/a/DYbe3AO) + +I grew up very poor and had NO sense of what or even HOW to start budgeting. I was taught that money would disappear if I didn't use it, so I just USED it. Even now I still feel anxiety about money and can spend recklessly if I'm not careful. Another problem I face is that I have ADHD, so impulse control can be hard, and it can also be hard to keep track of every purchase and focus on a bunch of aspects of a budget. + +# What's new this year? + +It's been simplified! the calculations are more robust so the sheet is a bit simpler. I also changed the way that credit card info is tracked and removed the areas I didn't use. The entire spreadsheet has been rebuilt from scratch- allowing for better google sheets functions to be used. + +This spreadsheet is made so you only focus on **ONE** number. + +&#x200B; + +I had three goals in mind when I first made this sheet: + +1. That it be easy to use +2. That it focuses on a daily budget that would support me long term +3. That it be a good starting place for someone who has never budgeted or saved before + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +So how does it work? + +Instead of a spreadsheet that set up long term goals and showed you how much you were saving each month, I decided to make one that focused on one thing: Daily spendable. + +That way I could focus on just having ONE number to look at. I wouldn't be distracted by how much I had saved. it wouldn't focus on long term goals that are hard to visualize. Instead you only have to remember ONE number. + +The daily sendable gives you a limit on how much you can spend DAILY and still have enough to put into your savings and pay bills. Now In my real life, I've set this up so that I DONT see my savings at all, They get deducted from my paycheck each month and I don't see them unless an emergency pops up. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +The main budget is divided into three core areas: + +* Income: You use this to fill in your income and choose to have a monthly, weekly, or bi-weekly pay cycle. If you are a worker who is tipped it includes an area where you can add tips, my suggestion is put in your minimum average income from tips- So for example, if you usually make 100 from tips a week, even if you get extra, try to program your budget around the 100 minimum average. +* Expenses: There you can add your expenses. Utilities are bills that are for electricity, heat, phone, internet, or water. Bills are important expenses that you can't miss and are integral to living. Finally, expenses are other things you need to allocate money for- whether it be gas, lunch expenses, transportation- etc. Within your expenses there are TWO areas to which you need to pay attention:-Credit Card Summary this is new to 2020, use the tab below to fill out your information for your credit card payments. The tab will allow you to see how much you're paying and how quickly you can pay them off.. Once you have filled it out, your budget will adjust accordingly. +* Budget summary: Finally the most important part of this sheet is the budget summary- Here you will see just how much you can spend. This money is shown in three ways, the lump monthly sum, a weekly amount, or a daily amount. As long as you don't go over that number, you will have enough money for the rest of your budget. It will also feature a breakdown of what your budget it, where your money is going, and what your income VS spending is! + +# [Here is a link to the spreadsheet](https://docs.google.com/spreadsheets/d/11ZbyvolI53eggIe-pp7QQYXx71nKckJSzXGg0oRu-0s/copy#gid=0) + +The sheet includes three charts: + +* A bar graph as a simple visual tool to see if you are spending more than you are saving +* A pie chart to see where your money is distributed +* A bar graph so you can see what your credit card balance is and where you're at with each one! + +I don't work well with a lot of budgets because I have issues imagining the big picture. By giving myself a daily/weekly/monthly budget I can make sure that on any given day I haven't spent more than I'm allowed to- and if I do I can see where I'm borrowing from or where that money is supposed to come from. + +^(NOTE: All Images in the spreadsheet are from vecteezy) + +&#x200B; + +# FAQ + +* Can I import it to excel? +\- No. It will break. I specifically made this for google sheets so people could use it for free without having to buy anything. +* Why don't you just use x/y/z? +\- I'm glad these have worked for you in the past! For me- this worked really well and helps me stay on track! I've managed to save over 4k in two years! that's the most money I've ever had in my savings! +* Do you really have adhd? Why does that even matter? +\- I do have adhd and it matters to me! people with ADHD have difficulty focusing on things like the long term effects of a budget! We're wired to focus on the here and now- so it can be really hard to plan ahead. That why i tried to make a spreadsheet that worked with my quirks- instead of trying to change myself to fit some goal. +* Why don't you just save? its so easy... +\- easy for you. Financial literacy is important. VERY important. the habits we learn nd the psychological effects f poverty can make it almost impossible for a person with no knowledge of budgeting to save. I have a compulsive fear of not having enough money to eat- i also have a habit of hiding food to help calm this intrinsic fear due to PTSD. These are direct and tangible effects of poverty in my life- among other things. It serves no purpose to just say "why don't you just..." + +&#x200B; +Not ashamed to to say it but I blew up my account shorting FNGR last week, I kept holding for it to come down since it was way over extended on the daily with an RSI near 97 but it kept going and I got liquidated in the AH + +I worked really hard to grow my account over the past 4-5 month and it got wiped out in 1 day + +I’m extremely depressed, demotivated and don’t have the drive I had, I love trading but starting over is really tough, feel like I’m in a dark hole that I can’t get out of + +Any advice from experienced traders who blew up their account and had the motivation to make a come back? + +Edit: for those asking to put stop loss, I don’t like using stop loss since I e always lost money using it and the trade reversed going my way + +I have 4x my account using this strategy in 3 months of hard work without stop loss because I was confident in my trade but FNGR was a rare weird short squeeze that don’t see often continuous green days and low volume pumps should’ve been my first clue, unfortunately I got caught in it and got wiped out + +Thanks everyone for their answer +Hi Everyone -- I worked for a small family company from 2019 - Aug 2021, when the company closed down and I was laid off. Since then, the owner has kind of vanished, and the company was dissolved on state records. + +I have a REALLY bad feeling that I'm not going to get a W-2 from them to file taxes. I have my last paystub though -- will that be enough to file taxes with? + +Edited - Thank you all for the advice. Unfortunately there was no external payroll company. Everything was done through some accounting app called Peachtree, but all checks/paystubs/w2s were manually generated and hand delivered each time. + +As they have gone MIA, I'm going to expect the worst, but prepare for my conversation with the IRS. +What sort of roles do FAT non-SWE tech business people here work? Are there marketers / product managers etc making significant money in FAANG and non-FAANG? What's your path been? + +Mid-late twenties. Married. Low 7 figure net worth. + +Make $200k a year in a senior marketing role for a medium size startup - 100 people / $200m revenue. + +Trying to understand if my path to significant compensation is marketing (CMO) or something else (general management / director, etc). Majority of my background is digital marketing. Have some experience as a product marketer and product manager. Have worked for every size organisation - small startups, a listed scale up and one large listed org. +As the title says i’m 19 and have some extra money set aside from a summer job, I want to start investing it into something like a roth ira but don’t know if it would be smart. I am also a university student who will have student loans to pay off out of college. +Here's a screenshot of my trading results since January 1st of this year to today (August 25th) from my Tradovate account: + + +&#x200B; + +[$19,561.59 Net Profit, Started With $30,000](https://preview.redd.it/97i650t3orj91.png?width=444&format=png&auto=webp&s=74e81318f7fc79c48efe8fc6d8292bfe76d407d2) + +I started getting interested in trading back in 2018 and I worked REALLY hard trying to learn it. I tried all sorts of trading styles and instruments. Stocks, options, forex, futures. I tried all the indicators and styles. Tried day trading and swing trading and all of that. + +I lost a TON of money. I don't know how much exactly, but I'd estimate I lost about $60,000 in "market tuition" trying to learn how to trade. + +This year in 2022 has been my first consistently good year. I started with $30,000 and I'm up to $49,561 representing an over 65% gain on my account. + +And the style / strategy that finally got me to a level of comfort and reliability in my trading has been **seasonality** and **spread trading** in the futures market. + +About a year and a half ago I came across a book totally by chance on Kindle called *"Commodity Spread Trading -- Take Advantage of Seasonality: Volume 1"* by David Carli. + +In the book he mentioned a series of resources that I'd never heard of before. + +* MRCI (dot com) +* SeasonAlgo (dot com) +* Spreadcharts (dot com) << I use mainly the other two and rarely use this one + +And he showed how to analyze seasonality and also how to analyze spread trades on commodities. + +So let me show you some examples of how this works. + + +**SEASONALITY ON OUTRIGHT FUTURES (NOT A SPREAD)** + +The first thing I do is check MRCI every day. When you go to this website it looks like it was built it in 1997. It's super cheap (like $40ish a month or something) and as far as I can tell they do ZERO marketing. + +But apparently they're like the go-to resource for seasonality traders. And I can see why because it's the best resource I've ever found for this stuff. + +So when you get on there, you'll see a list like this for the current month and the following month: + +&#x200B; + +https://preview.redd.it/0pl5s2keqrj91.png?width=129&format=png&auto=webp&s=db66ae5622de99dc61bf9e1d167527dca6789a44 + +For outright futures (meaning not a spread) you would click "Seasonal Trades." + +When you do you'll be presented with a list like the following: + +&#x200B; + +https://preview.redd.it/8ie6liumqrj91.png?width=778&format=png&auto=webp&s=4545215e8e098186fb1ab83bceae48b588f24160 + +So what you're looking at is the signal on the left hand side like "Buy December Gold GCZ2). Then you see an entry date (8/11) and an exit date (9/1). And a win % (87%) and some more stats. + +What this is basically saying is that -- over the last 15 years -- if you had bought December Gold futures between the dates of 8/11 and 9/1 you would have profited 87% of the time with an average $2,720 profit (per contract). + +**I use this to find high probability trades, but I always do another layer of basic technical analysis to see which trades I want to get into.** + +So for example I DID NOT take that gold trade for the following reason... + + +&#x200B; + +[Gold Was \\"Over Bought\\" on MACD so I did not buy](https://preview.redd.it/yvl0478grrj91.png?width=1461&format=png&auto=webp&s=6323493593111bc14c8fbe1ccd846886ccd05747) + +When I see a buy signal, I go and check the chart. And IDEALLY I want to see that the MACD is actually over-sold on a 1 day and also over-sold on a 4 hour basis. + +When I checked gold, I saw that the MACD was actually over-bought and changing momentum to the down-side so I did not do that trade. + +This basic, simple rule either qualifies the trade or disqualifies the trade for me. If it's a short-signal, then I'd want to see the inverse (over-bought). + +**But recently Crude Oil qualified for me.** + +MRCI recommended to buy May 2023 Crude Oil between August 16th and August 29th. + +Here's the 15 year track record of that trade: + +&#x200B; + +https://preview.redd.it/vdarlxc5srj91.png?width=783&format=png&auto=webp&s=bbd77456538d0dea6fc0cf37a616c0e70333864d + +I went and checked the chart and it lined up with my very basic rule for these trades -- MACD was over-sold and Crude Oil seemed to be sitting at a level of support. + +&#x200B; + +https://preview.redd.it/big3m3lesrj91.png?width=1461&format=png&auto=webp&s=7fb3b79608cf305826137c57719334a6e31d4704 + +I bought 1 contract and recently sold it for **+$3,360 profit.** I sold it before the seasonal trade window was finished and I could have made more, because it's gone up even more since then, but I thought the big immediate push up was great and wanted to book profit. + +*So that's how I trade the OUTRIGHT futures -- but I also do spread trading.* + +**SEASONALITY ON FUTURES SPREADS** + +So also on MRCI you have "Seasonal Spreads" -- + +&#x200B; + +https://preview.redd.it/xf7a1vmzsrj91.png?width=118&format=png&auto=webp&s=d936e29c245817792708da90a32038a08a99e1b9 + +And when you click on it it's a similar setup as the outrights -- it shows you a table like this: + +&#x200B; + +https://preview.redd.it/zsx19ka5trj91.png?width=783&format=png&auto=webp&s=8244152be045bf69e93c5801d107eb89ce70d00b + +Spread trading is where you basically simultaneously BUY one contract and SHORT another at the same time. + +And rather than betting "directionally" you're actually moreover betting on a mean reversion. + +So I qualify which trade to take based on a different approach, but it's also pretty simple. + +So take #5576 for example -- Buy July 2023 Lean Hogs and Sell February 2023 Lean Hogs. + +This is usually where I go over to SeasonAlgo and build out that chart. + +Here's what it looks like.... + +&#x200B; + +https://preview.redd.it/rqo5ddmttrj91.png?width=992&format=png&auto=webp&s=83743a48e9adeb549b2f9e319930f6e0ac246d3a + +You see on the top left there I've inputted the contracts (HEN23-HEG23) and the time frame "Enter on 8/08 and exit on 11/12) and it's a "buy" meaning I am BUYING the HEN23 contract and SELLING the HEG23 contract. + +If I flipped the order of those contracts around, it would be the exact same trade, I'd just be "selling" the spread. + +Similar to how BUYING EUR/USD is the same as SHORTING USD/EUR. It's the same trade. + +It builds out the chart for me as follows: + +&#x200B; + +https://preview.redd.it/5ivy7gmaurj91.png?width=1863&format=png&auto=webp&s=cb9b0cea37821d066eafb490359bd39ec10e7dcf + +The black line is the current contract spread. The red line is that same spread over the last 5 years. The blue line is that same spread over the last 15 years. + +The horizontal green line is the entry and the horizontal red line is the exit. + +The first thing I look for is -- is the current spread AT or BELOW the 5 year and 15 year historical spreads? + +In this case you can see that the black line started out considerably lower in price than the 5 and 15 year average. + +I like that -- it means historically I'm getting the spread for cheap. And as you can see the spread moved way up right after I bought it. + +The next thing I like to look at is "Continuation" and I'll show you what that looks like... + +&#x200B; + +https://preview.redd.it/eoxmtylxurj91.png?width=1822&format=png&auto=webp&s=12d1346d860e46d994e9cf9cfbdb5b323c9658cf + +Here is this spread over the last 30 years. You can see that + +And this is what these spreads do (any spread) the just go UP and DOWN in fixed ranges and that's it. That's how they act. + +SO -- **I would NOT take this trade if the spread was in the middle or TOP of that range I've highlighted there.** + +**BUT -- because the spread is at the lower end of that range (since 2015) I did initiate the trade.** + +So far this spread is up **+$1,140**. + +And the great thing about futures spreads is that most brokers automatically recognize them as LESS risky. So they will REDUCE your margin requirements by up to 80%. So you can do these trades with less money than it takes to do the outright futures spreads, which usually require higher margin rates. + +**Okay! Hope you guys liked that. I enjoy sharing what's working for me and this seasonal trading strategy on futures has worked remarkably well.** +I didn’t think I’d have to make part for so soon, but here it is. After receiving only 2/3’s of dividends yesterday, I’m now short 1/3 of the dividend today. WHAT THE HELL IBKR. +Planning on doing $105/week to max out IRA. Should I be doing it for 2017 until it makes me contribute to 2018? Also what is the cutoff date that it stops allowing 2017 contributions? +The suez canal has been blocked and this will cause oil/gas prices to rise in the very near future. The longer the ship blocks the suez canal, the higher prices will go. +I have $1.2 million available on margin. Thinking of buying 20000 shares of GME at $25.88 and immediately selling 10/28 or 11/4 $26 CCs and pocketing 9%. Is this a dumb thing to do? What’s the downside here? +https://www.fool.com/retirement/2016/12/17/baby-boomers-average-savings-for-retirement.aspx + +With a conservative draw rate of 4% it makes me wonder if boomers are going to be a major drag to our economy as they get too sick to work. + +37% have less than $50k + +13% have $50-$100k + +14% have $100-$200k + +12% have $200-$300k + +9% between $300-$500k + +15% have $500k+ +Kind of hesitant to post this but i need the opinion of this sub. + +M late 30s, 3 kids under 12 +150k salary +1.5 mil IRA (stocks primarily) +900k primary home. Paid off. +50% owner of 6 rental properties. Paid off worth approximately 750k each. Generating 25k monthly + +I feel like I live a modest lifestyle. I dont have the latest gadgets. I own a 2015 Toyota Camry. I take 2 vacations (outside of the country) with my kiddos twice a year. A few mini vacations within the states as well. I dont spoil them, they dont have the latest playstation or PC or toys or $200 Jordans and I honestly feel guilty about it. I come from a very destitute background. Lived in a very rough neighborhood in a 1 bedroom apartment with my immediate family of 6 and 2 uncles. Cockroach infested house that prevented me from turning the lights on at night. Often times i held my bowel movements until the morning because I was so disgusted by seeing cockroaches everywhere. Clothing was handed down to me. + +I dont feel like I can simply loosen up and enjoy the moment. I'm not broke but still feel like i need to continue to hustle. + +Edit: 25k monthly rental income before all expenses and only half belongs to me. + +Edit: Purchased my 1st rental 4-plex at 19, 2nd 4-plex at 21. I sold the 2nd (top of the housing bubble) to pay the 1st and waited for the crash then leveraged the equity. +I was trying to find stocks that have had the least amount of negative return years tonight using portfolio visualizer. + +I came across PG (Procter n Gamble) that has only had 3 negative return years since 1986. + +That meant that almost every year in almost 40 years You've had a return. + +Then I typed in VTI and also from its inception in 2002 its only had 3 negative return years. + +Of course this doesn't factor in inflation, but it shows that most of the time no matter how bad things get you will usually get a positive return as long as you hold. + +This shows you that no matter how bad things look (like this year so far!), it's better to just hold, especially with an index fund like VTI! + +It also really is best to "ignore the noise", especially CNBC, and just keep adding money to your index funds! +I know we all on here talk about only being able to share our most intimate financial details with this sub anonymously, so I'm curious what the WORST result is of some of you not adhering to this advice and having it blow up in your face? +Hello everyone, + +Y'all are awesome. + +First of all. thank you so much for all your comments for the last few days or so + +I cant possibly know if i read them all but I screenshotted some because they brought feels that were stronger than even seeing the purple circle for the first time. + + +I am safe and well, and I am taking a few days off over the xmas period to just unwind a little. + +Everything that i've been doing over the last 2 years hasnt stopped. + + +Just to let you all know - I am not going anywhere - I didnt just drop a significant amount of $ on a new rig just to completely go dark out of the blue. + +so if that happens - I will find a way to reach out and share my work. + +if for whatever reason you need to reach out - you can find my twitter handle on my site and many other things. there will be an email contact me page as well. + +I will make another post a bit later on with an update as to how things are going. + +Ape historian, +destroyer of free disk space and creator of apehistorian.com (more updates to that site to follow over the coming days, stay tuned) + +I would encourage y’all to submit posts to archive.is as per https://www.reddit.com/r/Superstonk/comments/zkqu4u/ape_historian_every_poster_should_be_doing_this/ +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +I have a number of rental homes I have had for between 10 and 20 years. I only accept a minimum of two year leases, therefor all of my tenants have been in their homes for at least two years, some for 4 years or more. Some are still on original or renewed leases and often as leases expire I allow them to just go month to month. The real estate market has been so strong our area has seen very rapid appreciation in real estate values and rental rates in the last two years. I find all of my leases are considerably under the current rental rates being advertised for comparable homes, by $200-$ 500 per month, even the homes I just leased two years ago with leases soon expiring could be leased for considerably more. With the number of homes I have, this is a total several thousand dollars in monthly cash flow for me. I like to think of myself as a capitalist and business is business, although am having qualms about going to a tenant who has been in their home for 2-3-4 years and say as your lease expires if you want to stay your rent is going up by 20 or 25%. On the flip side of that, I could be making several thousand dollars a month more by renting the homes at current rates. Any other landlords faced with this? Suggestions of how you are handling it? +I live in the DFW area in Texas, specifically Irving Tx. I’ve had this lot I’ve been wanting to build homes in. It’s three individual lots that roughly measure 60X105. The area is nice and there are big house near the neighborhood but they do have backyards. I’m not sure if I should stick around the 2000sqft home or go for 2800 sqft with a tiny backyard. Let me know if anyone had any experiences with tiny backyards and how the price affects it. +Alright. Let's hear it from all of you. How would you solve this housing crisis? + +Housing in Australia is some of the most unaffordable in the developed world. But neither of the major parties wants to take direct action to tackle. + +Still if you could how would you? +Last night several threads warned about Trezor phishing scam and almost on cue, today I read a post by 7 year crypto veteran that he fell for it and lost everything, about $72,000 in Bitcoin. + +It can happen to anyone. You're tired, arguing with your gf, distracted, etc... nobody is perfect. He lost everything. I can't afford that. Shit gives me nightmares. + +I've been intending to buy a Trezor for some time now, but I keep hesitating. I've been so nervous about the whole thing. What if I lose my seed phrase? I live n NYC, someone breaks into my apartment, a fire, collapse, etc.. call me paranoid. + +Now that Coinbase One offers insurance, I'm not even going to worry about cold storage. I sleep better this way. I don't care about all the "not your keys not your coins" arguments. I have a legally enforceable contract with Coinbase now that I pay for. + +True, it's price is kinda steep at $30 a month, but to me it's worth it. It comes with no trading fees which sweetens the pie. Also comes with "priority" customer support, which I tested and only had to wait 2 minutes before I was speaking to a live agent. + +So yeah, fuck that. I'm just too paranoid. If US gov ever looks like it's on the verge of collapse, then yeah, I might put it in cold storage before I bounce out of the country. Until them I rest easy with my coins insured on an exchange. + +Let the hate begin... + +&#x200B; + +&#x200B; + +Edit 3: For those of you who calling me a shill, here is a link to the review I wrote a week ago about CB One. It's a fair review. Just my expereince. I don't sugarcoat anything. [https://np.](https://www.reddit.com/r/CryptoCurrency/comments/tsi85k/is_coinbase_one_worth_it_1_week_review/)[www.reddit.com/r/CryptoCurrency/comments/tsi85k/is\_coinbase\_one\_worth\_it\_1\_week\_review/](https://www.reddit.com/r/CryptoCurrency/comments/tsi85k/is_coinbase_one_worth_it_1_week_review/) + +EDIT 2: As mentioned, I live in NY. Only CB and Gemini are available here. Kraken and CDC and Binance are not available in NY. I know that CDC also offers insurance up to $250K and they don't charge for it so long as you use 2FA and whitelisting. + +EDIT 1: Here is a link to the Coinbase Insurance T&C for those who have been asking for it. + +[https://www.coinbase.com/legal/user\_agreement/united\_states#coinbase-one](https://www.coinbase.com/legal/user_agreement/united_states#coinbase-one) + +&#x200B; +I have 2 (embarrassing idiotic choice of major for someone who doesn’t come from money, that’s all you need to know) worthless degrees and I am fucking doomed. Can’t pay for the car can’t pay for the student loans doing freelance work, do not have the economic support my classmates do, I would need something like that to get me through this time. I have NO idea what I was thinking. It’s just embarrassing. + +I live with someone who’s extremely mentally abusive and literally have no choice other than a homeless shelter for now. I don’t feel that’s what’s best. I really hope one day to be STABLE. I don’t have dreams other than being stable and being able to truly afford the cat I have. And yes before somebody asks I’m getting food from the pet pantry, and the shelters where I live are begging people to try other options (plus, I love him) and if he ever needs anything more than food and love and there’s an animal rescue that would take him I will readily give him up for a adoption. The private rescues are all swamped now too. It’s a sad state of affairs, being so financially low you have to admit you’re being selfish by having a cat. Ugh. + +The ability to afford a one bedroom or studio somewhere in the United States, so I don’t have to tip toe around a whack job, or think oh oh no what happens if kitty gets sick, oh my god I would be so proud of myself. Hopefully one day. I’m done chasing unrealistic things, I’m so embarrassed by how much I ruined my life. Making things worse, I’m not young anymore. I’m at the point in time in which most people have figured it out and you are what you are, and I can see it in other people’s eyes when I apply for a run of the mill job. + +I don’t have the money right now to learn something technical /a trade needed by society. I know I need to focus on student loans and bills period. But I sincerely hope to. I can’t not try to make more money than a cashier. I’m going for temp office jobs right now. + +Ugggjhhhaaaaaaggghhhhhhagg +More and more, I see people propagating this lie, especially to newer investors. I get why people say it. It's like saying that the family dog "went to go live on a farm." It's comforting. But it's also dangerously misleading. + +It might not be the easiest thing to hear, but you lose when the price goes down, regardless of whether you sold or not. + +Your portfolio is worth what you can get for it, NOT what you paid for it. And there is no such thing as a stock that owes you money. Please act accordingly and protect your capital. +I left my job 3 years ago to take care of my mom who had stage 4 cancer. I thought I could find online work but between caring for my mom and doing small VA tasks I didnʻt have the whatever to upgrade my skills. In desperation at one point I cashed in my 401k (please donʻt judge, everything is so expensive). So now Iʻm selling her home and after everything Iʻll have about 200,000, but no job, no family or friends. Just me. I thought about buying a little piece of land and building a small home but I donʻt drive and it really feels like the housing bubble will burst, I thought about renting a room in some strange town and looking for work at some non-profit (I used to be a social worker), I thought about buying some flat land in a sunny spot and leasing it to a solar power agency, I thought about buying a boat and renting it out, or buying a hostel in a foreign country, or buying a hot dog cart in a college town. Going back to school at 54 holds some appeal but I get that itʻs unrealistic. Maybe buy a pretty property and turning it into a wedding venue? I used to work with the homeless so working with newlyweds shouldnʻt be that much different on the crazy scale. I feel paralyzed by the choices. I need to find a way to earn money, I have no problem being "uncomfortable" as I spent a year volunteering overseas independently (the Syrian exodus). I just wish I had a family member that could tell me what I should do. +**Disclaimer:** + +**This is pure speculation. These are my thoughts.** + +I think the timing of this DOJ investigation is EXTREMELY strange. They're not on our side. If they were, something would have been done months ago. It was only a couple of days ago until they even MENTIONED Citadel's name. Why now? Why is Citadel's name coming out now? Why is it all over MSM that the DOJ is now investigating short-sellers? The same MSM that pulled the shitshow that was January 6th. + +&#x200B; + +[https:\/\/www.wsj.com\/articles\/gamestop-entering-nft-and-cryptocurrency-markets-as-part-of-turnaround-plan-11641504417 ](https://preview.redd.it/763ifz7z6pj81.png?width=2481&format=png&auto=webp&s=6b69510649872687e140bfe2bbc4a90a3e9909a6) + +&#x200B; + +https://preview.redd.it/uo0bzbk37pj81.png?width=3141&format=png&auto=webp&s=801310f371df8e163e162baca2168b20570f42b5 + +This was when I knew they were in DEEP shit. + +They got the **WALL STREET FUCKING JOURNAL** to not only get ahead of Gamestop's NFT announcement but also to have a reason for GME jumping a whole **30% on zero news after-hours.** A spike that started the literal instant the article was released. + +They're so fucked they had to get the Wall Street Journal to release an article with no new news whatsoever. Everything they wrote about was up on [GMEdd.com](https://gmedd.com/) months before. + +And now, these same outlets are all talking about the DOJ investigation on short sellers. Why now guys? Why a whole year after the buy button was turned off? Why did it take a whole year for Citadel to be investigated? + +I think this is it. They know MOASS is inevitable, and they need to show the world that they are punishing the parties involved. The US government is on an international stage here, and this is an attempt to save face from the distrust in US markets that will arise post-MOASS. + +AND THEY NEED TO PUBLICIZE THIS TO THE GENERAL PUBLIC TO KEEP TRUST IN US MARKETS. + +HENCE: + +[https://www.nytimes.com/2022/02/16/business/short-selling-stock-prices.html](https://www.nytimes.com/2022/02/16/business/short-selling-stock-prices.html) + +[https://www.cnbc.com/2022/02/23/elon-musk-cheers-on-justice-department-probe-of-short-sellers.html](https://www.cnbc.com/2022/02/23/elon-musk-cheers-on-justice-department-probe-of-short-sellers.html) + +[https://www.bloomberg.com/news/articles/2022-02-18/morgan-stanley-relationships-across-wall-street-snared-in-probe](https://www.bloomberg.com/news/articles/2022-02-18/morgan-stanley-relationships-across-wall-street-snared-in-probe) + +[https://www.bloomberg.com/news/articles/2022-02-04/vast-doj-probe-looks-at-almost-30-short-selling-firms-and-allies](https://www.bloomberg.com/news/articles/2022-02-04/vast-doj-probe-looks-at-almost-30-short-selling-firms-and-allies) + +[https://www.reuters.com/world/us/us-prosecutors-explore-racketeering-charges-short-seller-probe-sources-2022-02-18/](https://www.reuters.com/world/us/us-prosecutors-explore-racketeering-charges-short-seller-probe-sources-2022-02-18/) + +**OK, now this is extreme speculation. Take with a grain of salt.** + +In January of 2021, there were rumors coming from a supposed Robinhood employee that the White House was involved in shutting off the buy button. The account is now deleted. There are posts about it, but I can't link to them because they are on other subs. DM me if you need help finding them. + +&#x200B; + +https://preview.redd.it/6vfp9u487pj81.png?width=640&format=png&auto=webp&s=a2f0f884ecf6b73d877ea119901ff98c70982e8e + +&#x200B; + +There were also articles about the White House and Janet Yellen herself monitoring the situation. + +[https://finance.yahoo.com/news/white-house-monitoring-situation-involving-183951345.html](https://finance.yahoo.com/news/white-house-monitoring-situation-involving-183951345.html) + +What if Kenny and friends were given a year to sort this shit out from the powers that be? It's been a year. We've bought, we've held, we even figured out how to fucking DRS our shares. + +Now the DOJ is being brought in to save face for the massive-scale fraud that is going to be exposed. + +**TLDR; BUY HOLD DRS** +Call 1-800-829-1040. + +Press 1 for English. + +Press 2. + +Press 1. + +Press 3. + +Press 2. + +Now you'll be prompted to enter your SSN or EIN. Enter it. Press 1 to confirm, then press 1 to confirm again. + +At this point a computer will begin talking, prompting you to press buttons for certain options. Don't do anything – eventually the computer will stop talking and you will be queued in line to speak with an actual human being! + +*However*, if there are too many people queued in line, the computer will tell you they are too busy and will hang up. I personally called once a day 4 days in a row, it wasn't until the 4th attempt that I actually got through and was placed in the queue. + +Also the phone number is only available 7am–7pm local time, Monday–Friday. + +Edit: People are advising caution in the comments not to call a phone number posted on Reddit and provide your SSN, and rightfully so. In my initial post, I should've included a link to the official webpage on [IRS.gov](https://www.irs.gov/help/telephone-assistance) so users can verify themselves the phone number is correct. + +Also fun fact about the IRS phone number! The numbers 829 spell "tax" on the keypad. And the number 1040 is the personal income tax form people are required to fill out. Even the spawns of Satan at the IRS have a fun sense of humor sometimes. +This is a summation of accumulated core techniques that grew my accounts parabolically. I hate seeing people get torpedoed by the markets and here's a toast you folks see less broker bombing runs on your accounts. + +&#x200B; + +[My trading den](https://preview.redd.it/c13bk2m7li771.jpg?width=3648&format=pjpg&auto=webp&s=0834cfaa479b935ad6e37a7265f7db11abc3f638) + +Okay. Let's commence with a clear statement that I am no self-proclaimed trading guru nor am I selling trading products nor advice. Trading is my hobby and a sideline that complements my legal practice and business ventures. + +I started my forex journey early 2000. Brokers at a company called Performance Foreign Exchange handled my funds and promptly blew my account. Moved to another company CIC Asia and their managers imploded my account again. Really vexing. So I started learning everything I could to manually manage my own account. Would you believe I started with that yellow book Dummies Guide to Forex Trading? + +Then I discovered [ForexFactory.com](https://ForexFactory.com) , [BabyPips.com](https://BabyPips.com) and a lot of crappy youtubers. I started making money. I also started losing money. But I made more money than I lost. Anyone who tells you trading is gambling is partially correct. You're betting on the economy and that the economy agrees with all your lines and squiggles. Just remember that the economy is a mean bitch and can slap all your scribbles so you need godly risk management. + +&#x200B; + +https://preview.redd.it/xuenzw6nqk771.jpg?width=1127&format=pjpg&auto=webp&s=67849d82c8b3492fe92f6100cd45f43f7aa69d2d + +By 2016 I pretty much hurdled growth pains. Things got even better when I discovered Ctrader that year. I abandoned Metatrader which felt like a clunky Fiat next to the Lambo that Ctrader was. + +By end of 2019 I decided to abandon most forex pairs except majors. I moved on to trading indices, oil and metals almost exclusively. Here's why: indices move very fast. When you get into the momentum of a move, you hit take profit almost within minutes. Positions on FX can take hours or days to close in reasonable profit. When I do US30 or Nasdaq or JP225 Nikkei, I often hit 100 points in less time to brew a coffee. This allows me to jump in at the next retrace. Again. + +And Again. + +And Again. + +That's a lot of profit. Seriously, I can successfully win several trades in a day just doing this. + +2020 came and the COVID pandemic killed most of my brick and mortar businesses. I was partner/investor at an SEO company, a restaurant chain, a travel agency and a hotel. They all went under. Badly. But not trading. Trading works whether the economy goes up and down. So I sustained myself through lockdowns by trading on a daily basis. That kept me afloat and liquid. + +&#x200B; + +https://preview.redd.it/i74u6lgoqk771.jpg?width=1116&format=pjpg&auto=webp&s=c7c3d378cfba68c22705c7d533997466a0b63d27 + +All around me I saw folks spiral into bankruptcy and despair. So I tried to help the best way I can by sharing several of my forecasts on my [tradingview account.](https://www.tradingview.com/u/soaringtothestars/) I swing trade using wave analysis and price structure for long term profits; that's what I post on Tradingview and my telegram channel. But I also scalp like a demon and like closing out multiple positions in a single day so I can withdraw quickly. + +**Here's how I scalp and the rules I follow** + +1. First find yourself a broker with awesome spreads. I trade on ICMarkets and FXPro for that reason. +2. Trade only indices. Indices like Nasdaq, US30 and DE30 often have one long term trajectory: UP. That means if you want to maximize your win probabilities, you don't short the market. You long it. Even if you incur temporary drawdown from market crashes arising from Godzilla attacking the capitol, you will still see recovery. + +**Let's Start** + +https://preview.redd.it/rm62869wqk771.jpg?width=1146&format=pjpg&auto=webp&s=2bf8c5bcc22d8309924bbf918f7c7d381993b436 + +1. Start by marking up support and resistance on the Daily Chart and Hourly chart. Just three levels above and below current market price is great. This will let you see potential points of market reversal. I personally will not open a trade within 200 points of a daily S/R line nor 100 points near an hourly S/R line. I prefer to wait for price action at those zones. Either reversal or penetration. Yep. Most of you like penetration. :) **Rayner Teo** is one of the top FX youtubers and he consistently talks about *area of value*. Stray outside the area of value and your positions will be lost. Think of the S/R zones as confining you within area. The 200 pips buffer zone where you stop trading prior to S/R zones ensures you keep within areas of liquidity. Be wary of trading breakouts. Institutions know that stop losses are sprinkled around these areas and waiting to stop you out. A lot of content on this here: [Rayner Teo - YouTube](https://www.youtube.com/user/tradingwithrayner) +2. Once the charts are marked up, I throw on a 200 EMA and 21 EMA on the charts. I look at the big picture on H1 then I drop to M15 where I take my entries. For swing trading, consult the Daily Chart for trajectory and drop to the 4H chart. **Arty** is perhaps the funniest teacher with an impeccable knack for price action trading using moving averages. He endorses the 200, 50 and 21 period EMAs to provide ICBM-level guidance. Key to his instruction is trading in the direction of the master trend only *except on sure reversals*. I agree. For years, I move with the flow of the 200 or even 400 EMA. The 50 EMA isn't so important as weak trends penetrate this EMA. You however know your direction is strong when price bounces fiercely off the 13 or 21 EMA. Check out Arty's channel: [The Moving Average - YouTube](https://www.youtube.com/channel/UCYFQzaZyTUzY-Tiytyv3HhA) . There are no long winded bits of self-promotion here, he goes straight to the trading measures and counter measures. Now being the generous soul, he went further and released two free Tradingview indicators that in my opinion are worth more than most courses sold out there: [UK100GBP 7147.0 ▲ +0.45% TMA (tradingview.com)](https://www.tradingview.com/v/bekRVj2I/) +3. Ramble aside, if the price is above the 200 EMA, I will look only for buys. If below 200, I look only for sells. +4. I will then wait for a pullback of price to the 21 EMA because trading at the tip of a bullish or bearish impulse is a dumb way to incur drawdown. If price doesn't pull back all that way, the least you can do is await a pullback to the 38.2% or 61.8% fibonacci retracement. If the retracement levels align with market structure, that's even better confluence. I took a course from **TransparentFX** back 2019 and this Italian author is perhaps the best on Tradingview. His core method is the ICI Strategy- known also as the Impulse Correction Impulse. Always wait for an impulse on the daily or one hour chart. Don't trade just yet. Bide your time for the correction which should be at least to the 38.2% fibonacci. For GBP pairs, it's often the 61% or 76% fib. Once the retrace is complete, he asserts checking the MACD going over zero for long positions and below zero for shorts. I find that this works most of the time however it gets me in late. The better option is to consult the RSI breaching the neutrality level of 50. This is something I did far back as 2015 and something Arty also asserts. Nick of Tradingview publishes multiple forecasts on Tradingview that don't cost a cent. Check em here [Trader transparent-fx — Trading Ideas & Charts — TradingView](https://www.tradingview.com/u/transparent-fx/) +5. Pause right there. Opening a position at the pullback is part of the formula. You need more confirmation because sometimes the pullback goes wayyyyy below the pullback and sometimes does an utter reversal. What I then do is monitor the RSI during the pullback at the trading timeframe. Assuming I want to BUY at the pullback to the 21 EMA or the fib retracement. Obviously RSI will be below 50 during the pullback. I then bide my time until RSI goes above 50 after the pullback. This tells me that buyers are taking control and the pullback was just temporary. That's when I enter the market order. The RSI trick is superior to Nick's endorsement of MACD. +6. For indices, I set my take profit at the last hourly swing high or I execute a partial volume close of 70% at 100 points and let the rest run with a trail stop that has an 80 point tail. Indices tend to move 100 to 800 points before the next retrace so the latter is my favored method. If trading FX pairs, I set take profit no more than 6 to 10 pips. That doesn't sound like a lot, but it adds up. It's safer to jump in and out the market than to aspire for 1000 pips and get stopped out when China invades USA in a blitzkrieg. +7. Stop loss is set at hourly market structure OR on the bottom of the engulfing impulse candle that rejected the pullback zone. +8. And that leads me to engulfing impulse candles. They're often your best bet for entry. When you see large candles that reject a pullback zone, wait for that candle to close then take a market order at the close of that candle. Price should continue on in that direction. Your SL can be the length of that candle. Your TP can be 1.5 to 2x the length of that candle. **Arty calls this big ass candles**. I always referred to them as momentum candles and they're your ammo to safer trading. +9. Anal for extra confirmation? Sometimes I look at the stochastic RSI. I would open a BUY if there was a recent cross-over from an oversold condition. Vice versa for shorts. This isn't so important though as the stochs tend to remain stretched in extended situations. +10. **Special sauce:** Order Blocks. This deserves an altogether separate walkthrough but if you master order blocks, you trade with the Institutions. There's nothing safer than that. There's a great primer here [How To Find And Use ICT Order Blocks In Your Trading - PriceActionNinja.com](https://www.priceactionninja.com/trading-ict-order-blocks/) and here [How to Spot Central Banks Orders and Trade Forex Order Blocks (the5ers.com)](https://the5ers.com/forex-order-blocks/) . In simplest terms, an order block is the accumulation of massive shorts and longs by Banks and Institutions which drive the price up or down. It's easy to recognize these.... look for periods of consolidation then a spike of five to eight candles of **the same color**. When this happens, you know that market makers are moving the markets. *How does knowing this help you?* When you see 5 to 8 candles of the same color, you know the price will return to its initiating point . This return is necessary because liquidity must be captured by the hedge funds. Sometimes the return is simply a very long wick (also called a wick trick). Sometimes it's a full return. When you see an order block, don't trade. Wait. Then open a position at the exact area where the spike occurred. Happens all the time regardless of time frame that the order block is observed. Master order blocks and you won't be one of the sad folks who open a position at the tip of a huge spike and then gets stopped out when price reverses hundreds of pips. Understand that because of the fractal nature of markets, order blocks can be discovered on the Daily, 4h, 1h and even 5m charts. Find them and you know price MUST return the the genesis of these spikes. They're perfect entries for trading. +11. **Final silver bullet:** Commitment of Traders Reports. The COT is published here [Commitments of Traders | CFTC](https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm) and while most will not be able to make sense of the data, some folks simplify the reports on TradingView. Having the latest COT report tells you where market movers are going long and short. If you know for instance that 7k longs were added to EURUSD and 3k shorts were closed, EURUSD will go bullish for a few weeks. These big players wield extraordinary market moving power unlike us retail traders. Trade on the same vein. Less guess work for you. A fella I know publishes simplified reports on Instagram of all places: [Commitments of Traders Reports (@cot\_report) • Instagram photos and videos](https://www.instagram.com/cot_report/) + +That's the entire arsenal. **I'm not a financial advisor, a trading expert, nor signal provider.** I'm like the rest of you- a fella eking out from multiple streams of income to get by during these trying times. Times are tough and it's great that we put out our best practices. These are all the best things I picked up from various mentors, paid or otherwise. Let these guide you. +This is a summation of accumulated core techniques that grew my accounts parabolically. I hate seeing people get torpedoed by the markets and here's a toast you folks see less broker bombing runs on your accounts. + +&#x200B; + +[My trading den](https://preview.redd.it/c13bk2m7li771.jpg?width=3648&format=pjpg&auto=webp&s=0834cfaa479b935ad6e37a7265f7db11abc3f638) + +Okay. Let's commence with a clear statement that I am no self-proclaimed trading guru nor am I selling trading products nor advice. Trading is my hobby and a sideline that complements my legal practice and business ventures. + +I started my forex journey early 2000. Brokers at a company called Performance Foreign Exchange handled my funds and promptly blew my account. Moved to another company CIC Asia and their managers imploded my account again. Really vexing. So I started learning everything I could to manually manage my own account. Would you believe I started with that yellow book Dummies Guide to Forex Trading? + +Then I discovered [ForexFactory.com](https://ForexFactory.com) , [BabyPips.com](https://BabyPips.com) and a lot of crappy youtubers. I started making money. I also started losing money. But I made more money than I lost. Anyone who tells you trading is gambling is partially correct. You're betting on the economy and that the economy agrees with all your lines and squiggles. Just remember that the economy is a mean bitch and can slap all your scribbles so you need godly risk management. + +&#x200B; + +https://preview.redd.it/xuenzw6nqk771.jpg?width=1127&format=pjpg&auto=webp&s=67849d82c8b3492fe92f6100cd45f43f7aa69d2d + +By 2016 I pretty much hurdled growth pains. Things got even better when I discovered Ctrader that year. I abandoned Metatrader which felt like a clunky Fiat next to the Lambo that Ctrader was. + +By end of 2019 I decided to abandon most forex pairs except majors. I moved on to trading indices, oil and metals almost exclusively. Here's why: indices move very fast. When you get into the momentum of a move, you hit take profit almost within minutes. Positions on FX can take hours or days to close in reasonable profit. When I do US30 or Nasdaq or JP225 Nikkei, I often hit 100 points in less time to brew a coffee. This allows me to jump in at the next retrace. Again. + +And Again. + +And Again. + +That's a lot of profit. Seriously, I can successfully win several trades in a day just doing this. + +2020 came and the COVID pandemic killed most of my brick and mortar businesses. I was partner/investor at an SEO company, a restaurant chain, a travel agency and a hotel. They all went under. Badly. But not trading. Trading works whether the economy goes up and down. So I sustained myself through lockdowns by trading on a daily basis. That kept me afloat and liquid. + +&#x200B; + +https://preview.redd.it/i74u6lgoqk771.jpg?width=1116&format=pjpg&auto=webp&s=c7c3d378cfba68c22705c7d533997466a0b63d27 + +All around me I saw folks spiral into bankruptcy and despair. So I tried to help the best way I can by sharing several of my forecasts on my [tradingview account.](https://www.tradingview.com/u/soaringtothestars/) I swing trade using wave analysis and price structure for long term profits; that's what I post on Tradingview and my telegram channel. But I also scalp like a demon and like closing out multiple positions in a single day so I can withdraw quickly. + +**Here's how I scalp and the rules I follow** + +1. First find yourself a broker with awesome spreads. I trade on ICMarkets and FXPro for that reason. +2. Trade only indices. Indices like Nasdaq, US30 and DE30 often have one long term trajectory: UP. That means if you want to maximize your win probabilities, you don't short the market. You long it. Even if you incur temporary drawdown from market crashes arising from Godzilla attacking the capitol, you will still see recovery. + +**Let's Start** + +https://preview.redd.it/rm62869wqk771.jpg?width=1146&format=pjpg&auto=webp&s=2bf8c5bcc22d8309924bbf918f7c7d381993b436 + +1. Start by marking up support and resistance on the Daily Chart and Hourly chart. Just three levels above and below current market price is great. This will let you see potential points of market reversal. I personally will not open a trade within 200 points of a daily S/R line nor 100 points near an hourly S/R line. I prefer to wait for price action at those zones. Either reversal or penetration. Yep. Most of you like penetration. :) **Rayner Teo** is one of the top FX youtubers and he consistently talks about *area of value*. Stray outside the area of value and your positions will be lost. Think of the S/R zones as confining you within area. The 200 pips buffer zone where you stop trading prior to S/R zones ensures you keep within areas of liquidity. Be wary of trading breakouts. Institutions know that stop losses are sprinkled around these areas and waiting to stop you out. A lot of content on this here: [Rayner Teo - YouTube](https://www.youtube.com/user/tradingwithrayner) +2. Once the charts are marked up, I throw on a 200 EMA and 21 EMA on the charts. I look at the big picture on H1 then I drop to M15 where I take my entries. For swing trading, consult the Daily Chart for trajectory and drop to the 4H chart. **Arty** is perhaps the funniest teacher with an impeccable knack for price action trading using moving averages. He endorses the 200, 50 and 21 period EMAs to provide ICBM-level guidance. Key to his instruction is trading in the direction of the master trend only *except on sure reversals*. I agree. For years, I move with the flow of the 200 or even 400 EMA. The 50 EMA isn't so important as weak trends penetrate this EMA. You however know your direction is strong when price bounces fiercely off the 13 or 21 EMA. Check out Arty's channel: [The Moving Average - YouTube](https://www.youtube.com/channel/UCYFQzaZyTUzY-Tiytyv3HhA) . There are no long winded bits of self-promotion here, he goes straight to the trading measures and counter measures. Now being the generous soul, he went further and released two free Tradingview indicators that in my opinion are worth more than most courses sold out there: [UK100GBP 7147.0 ▲ +0.45% TMA (tradingview.com)](https://www.tradingview.com/v/bekRVj2I/) +3. Ramble aside, if the price is above the 200 EMA, I will look only for buys. If below 200, I look only for sells. +4. I will then wait for a pullback of price to the 21 EMA because trading at the tip of a bullish or bearish impulse is a dumb way to incur drawdown. If price doesn't pull back all that way, the least you can do is await a pullback to the 38.2% or 61.8% fibonacci retracement. If the retracement levels align with market structure, that's even better confluence. I took a course from **TransparentFX** back 2019 and this Italian author is perhaps the best on Tradingview. His core method is the ICI Strategy- known also as the Impulse Correction Impulse. Always wait for an impulse on the daily or one hour chart. Don't trade just yet. Bide your time for the correction which should be at least to the 38.2% fibonacci. For GBP pairs, it's often the 61% or 76% fib. Once the retrace is complete, he asserts checking the MACD going over zero for long positions and below zero for shorts. I find that this works most of the time however it gets me in late. The better option is to consult the RSI breaching the neutrality level of 50. This is something I did far back as 2015 and something Arty also asserts. Nick of Tradingview publishes multiple forecasts on Tradingview that don't cost a cent. Check em here [Trader transparent-fx — Trading Ideas & Charts — TradingView](https://www.tradingview.com/u/transparent-fx/) +5. Pause right there. Opening a position at the pullback is part of the formula. You need more confirmation because sometimes the pullback goes wayyyyy below the pullback and sometimes does an utter reversal. What I then do is monitor the RSI during the pullback at the trading timeframe. Assuming I want to BUY at the pullback to the 21 EMA or the fib retracement. Obviously RSI will be below 50 during the pullback. I then bide my time until RSI goes above 50 after the pullback. This tells me that buyers are taking control and the pullback was just temporary. That's when I enter the market order. The RSI trick is superior to Nick's endorsement of MACD. +6. For indices, I set my take profit at the last hourly swing high or I execute a partial volume close of 70% at 100 points and let the rest run with a trail stop that has an 80 point tail. Indices tend to move 100 to 800 points before the next retrace so the latter is my favored method. If trading FX pairs, I set take profit no more than 6 to 10 pips. That doesn't sound like a lot, but it adds up. It's safer to jump in and out the market than to aspire for 1000 pips and get stopped out when China invades USA in a blitzkrieg. +7. Stop loss is set at hourly market structure OR on the bottom of the engulfing impulse candle that rejected the pullback zone. +8. And that leads me to engulfing impulse candles. They're often your best bet for entry. When you see large candles that reject a pullback zone, wait for that candle to close then take a market order at the close of that candle. Price should continue on in that direction. Your SL can be the length of that candle. Your TP can be 1.5 to 2x the length of that candle. **Arty calls this big ass candles**. I always referred to them as momentum candles and they're your ammo to safer trading. +9. Anal for extra confirmation? Sometimes I look at the stochastic RSI. I would open a BUY if there was a recent cross-over from an oversold condition. Vice versa for shorts. This isn't so important though as the stochs tend to remain stretched in extended situations. +10. **Special sauce:** Order Blocks. This deserves an altogether separate walkthrough but if you master order blocks, you trade with the Institutions. There's nothing safer than that. There's a great primer here [How To Find And Use ICT Order Blocks In Your Trading - PriceActionNinja.com](https://www.priceactionninja.com/trading-ict-order-blocks/) and here [How to Spot Central Banks Orders and Trade Forex Order Blocks (the5ers.com)](https://the5ers.com/forex-order-blocks/) . In simplest terms, an order block is the accumulation of massive shorts and longs by Banks and Institutions which drive the price up or down. It's easy to recognize these.... look for periods of consolidation then a spike of five to eight candles of **the same color**. When this happens, you know that market makers are moving the markets. *How does knowing this help you?* When you see 5 to 8 candles of the same color, you know the price will return to its initiating point . This return is necessary because liquidity must be captured by the hedge funds. Sometimes the return is simply a very long wick (also called a wick trick). Sometimes it's a full return. When you see an order block, don't trade. Wait. Then open a position at the exact area where the spike occurred. Happens all the time regardless of time frame that the order block is observed. Master order blocks and you won't be one of the sad folks who open a position at the tip of a huge spike and then gets stopped out when price reverses hundreds of pips. Understand that because of the fractal nature of markets, order blocks can be discovered on the Daily, 4h, 1h and even 5m charts. Find them and you know price MUST return the the genesis of these spikes. They're perfect entries for trading. +11. **Final silver bullet:** Commitment of Traders Reports. The COT is published here [Commitments of Traders | CFTC](https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm) and while most will not be able to make sense of the data, some folks simplify the reports on TradingView. Having the latest COT report tells you where market movers are going long and short. If you know for instance that 7k longs were added to EURUSD and 3k shorts were closed, EURUSD will go bullish for a few weeks. These big players wield extraordinary market moving power unlike us retail traders. Trade on the same vein. Less guess work for you. A fella I know publishes simplified reports on Instagram of all places: [Commitments of Traders Reports (@cot\_report) • Instagram photos and videos](https://www.instagram.com/cot_report/) + +That's the entire arsenal. **I'm not a financial advisor, a trading expert, nor signal provider.** I'm like the rest of you- a fella eking out from multiple streams of income to get by during these trying times. Times are tough and it's great that we put out our best practices. These are all the best things I picked up from various mentors, paid or otherwise. Let these guide you. +This is a very short update but I have a number of items to cover before market open. + +# Welcome Satori Team as Moderators + +[\(plot twist: they are actually IRL androids...\)](https://preview.redd.it/htrg11qn55571.jpg?width=630&format=pjpg&auto=webp&s=df4cdd9ced0faafdb1d70723713e3590447dcd4f) + +Not many of you know the true history behind Satori and how it became so intertwined with the mod team. The truth is they've been working with me since before the r/Superstonk migration. These members include u/catto_del_fatto, u/grungromp, and u/Captain-Fan. They have worked meticulously and tirelessly to progress the Satori project from idea to manifest guardian ape-gel of Superstonk. + +Awhile ago, we added u/catto_del_fatto and he was able to study the sub from a moderator perspective. He has earned our trust and since then has been promoted to general mod permissions. As a result, the Satori team quickly became linked to the mod team, as they became more and more critical to the sub's makeup. + +In the past few months, in addition to Satori, they have helped us identify FUD attacks, organize mod mail, and identify bad actors and true apes alike. I would be wrong to suggest they aren't already a critical aspect of our moderating practice, and therefore we mods voted with overwhelming support to do the next logical step: add them as moderators. + +**Please join the mod team in welcoming** u/grungromp **and** u/Captain-Fan **to the moderator team.** I have no doubt they will continue to bring incredible concepts to life, with more accuracy and reliability, as mods themselves. Congratulations! + +Also, now they can't escape \*maniacal laughter\*\*cough-cough\* + +# Satori Approvals + +[SATORI DIRECTIVE: PR073CC 4P3](https://preview.redd.it/zg5j1yh465571.jpg?width=1332&format=pjpg&auto=webp&s=d6329324faa295c425e8975b0aec1e59b1821e9f) + +For those unaware, Satori is a sophisticated program that we utilize as a subreddit to identify "true apes" and also "bad actors" or people who would otherwise spread FUD and harassing posts. As a result of this software, we have been able to introduce an approval process that adds members to the Approved Users list. These approved users can bypass the [karma and age limits imposed by automod](https://www.reddit.com/r/Superstonk/wiki/index/automod_info). + +We realize there is some confusion about Satori, and we are working on clearing this up in a more reliable way. I just created a [wiki page for Satori](https://www.reddit.com/r/Superstonk/wiki/index/satori) and while it is currently **under construction** you can check back there for updates on the system. This should help us streamline any questions and information, just as we do with [SuperstonkBot](https://www.reddit.com/r/Superstonk/wiki/index/superstonkbot). + +Additionally, you can check out u/grungromp's post, [**Satori: The One Week Security Update (Important Information Inside)**](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), for a more recent update. The most critical aspect of this post is the new **!apeprove!** comment function, which means that any user, inside karma/age limits or not, can comment **!apeprove!** on any r/Superstonk post and be bumped to the top of the list. If your comment is immediately removed, I am told it will still work! + +We have some limits imposed by Reddit, so the approvals are done in waves so as to work within this limits and Reddit policy. This **!apeprove!** function allows active users to essentially cut line. Make sure you use it! Spam will not be tolerated, though. Patience is key. + +# We... Us... "The Movement"... What is this? + +[We just apes.](https://preview.redd.it/jcufgqqb75571.jpg?width=760&format=pjpg&auto=webp&s=06768c4ac97561f9d1e02d46c39aaf6dd120412b) + +Okay, listen. We must follow Reddit policy, or they might take the sub down. We must follow actual laws, too, because god-forbid they do something evil like delist GameStop or implicate apes legally, as they did u/deepfuckingvalue. So, I am going to have to be a bit stern here and amplify a few things that I really think I need to amplify: + +1. Please view the DISCLAIMER associated with the subreddit. You can access it by going to r/Superstonk and (on Desktop) looking at the side bar, and (on Mobile) under the About menu. +2. We do not manipulate the market. We do not coordinate anything regarding the stock market. We do not urge people to buy or sell, or do anything with what is their privately owned stock. We do not shame people for their choices as retail investors, in an attempt to get them to hold when they don't want to, or to buy GME when they'd rather buy something else. We let retail investors make their own individual decisions. That's sub policy. +3. We do not organize or attempt to push political action, or spark Occupy Wall Street 2.0 or whatever some of you think this is. We are not going to organize letters to the SEC or otherwise enter ourselves into a political arena that we, trust me, do not want to enter. We are a bunch of apes who are bananas for GameStop and that's about it. +4. We are here to share information, build a community, and express ourselves regarding GameStop as not just a stock, but also as a company, in way that is not pressuring or purposefully influential, and is based on fundamentals as well as market realities. If you don't want to talk about GameStop, there are plenty of other subs to go to, and, if you talk about GameStop, make sure you follow the rules and guidelines of the sub. +5. TL;DR: We like the stock. We love the company. We are apes. That's about it. + +Please also keep in mind that r/Superstonk was once a small little sub of just under 300 people before it exploded due to the Second Great Ape Migration. After that time, we got quite used to being the unknown sub that everyone needed to know. Well, we kept growing... + +We know that big news stations, personalities and influencers, and likely GameStop themselves all keep track of us, so know that when you post content, it will be seen by people who might be writing negative-slant articles, or who might get on TV and talk negatively about us. I am not going to censor you or limit you, as this community will be as self-aware as it can be, I guess. I am suggesting that you maybe consider how your post or comment will bring unwanted attention or scrutiny to the sub. + +No, I am not asking you to tone it down or "behave" for the big shots. Not at all. Have you seen my Twitter? Please. I am just reminding you of where we are. We aren't that little sub anymore. We have more online members than r/wallstreetbets these days. We are rising fast. Let's just be mindful of what negatives that can bring, if the right apes say the wrong things. I know you are all smooth brains but maybe, if you can spare adding a wrinkle, add one in this regard. + +# Superstonk Live: Monkey Business (stay tuned...) + +[Created by apes, about apes, for apes.](https://preview.redd.it/oukctkmx65571.png?width=4001&format=png&auto=webp&s=bae7e8fa5859aea36119d68aad01c987b900b15d) + +The mods are currently trying to put together a Monkey Business for the end of this week. The exact date is still in flux, but please comment below if you want to be considered as a participant in these panel-centric live streams, and an organizing mod may reach out to you. You do not need to be on camera, but you WILL need to be an active community member. + +We have only done one episode of Monkey Business and [you can watch it here](https://youtu.be/UDKC_oXqhGM). + +Please do NOT contact us directly, and trust that we will reference this post, or select them on our own accord based on behavior and interaction with the community. + +Keep an eye out for a post about specifics, or you can subscribe to [https://www.youtube.com/Superstonk](https://www.youtube.com/Superstonk) and watch for the stream. + +# Superstonk Awards Design Contest (stay tuned...) + +[I am giggling right now as I insert this photo. HE IS SO CUTE.](https://preview.redd.it/go1bb632f5571.jpg?width=633&format=pjpg&auto=webp&s=90a92abb86f8b1ff6bb06825457ff516eef113bf) + +I will be personally handling this contest and I am very excited because I actually do some pro designs IRL. Therefore, I feel I can be very strict and specific about all of the details \*evil laughter\* \*cough\* ahem. + +We are going to be hosting a design contest to generate some Community Awards. You can [learn more about these awards here](https://www.reddit.com/r/announcements/comments/chdx1h/introducing_community_awards/), but there will be a post early next week (or tomorrow) with all details and submission requirements. + +I can say currently that we will be using the bracket system that we used for the Banner Contest, and it will be a bit more streamlined and, well, faster. You will be submitting via email, so please create an anonymous email if you have not already, unless you don't care; I won't reveal anything either way, other than the design, name of award, and author by Reddit username. Also, the top eight will be receiving prizes, and ALL will receive mod-awards that give Premium membership. Stay tuned for more! + +*I honestly had hoped to make this post yesterday, but since I was feeling under the weather due to my second COVID-19 shot, there's a slight delay. Apologies! I am giving the other mods time to look at my details and give me feedback before I post, but I wanted to let you all know it's coming.* + +# Onward to Market Open + +[Make sure you drink lots of water!!! \(or mead\/ale\)](https://preview.redd.it/2oddk4y585571.jpg?width=2000&format=pjpg&auto=webp&s=c0fb40f1881f57d39f76fedbc348471fd290f129) + +I also want to say real quick that the only thing we're pumping right now is my excitement and love for this community and the incredible mod team that I am so very lucky to have at my side. Never, ever, in a billion years, did I ever think r/Superstonk was going to reach these numbers (over 430,000) or beat r/wallstreetbets with online users. I mean, I joked about it, like "Superstonk will be the next big thing! You just wait! I'll show you!" but really I'm so smooth-brain it hurts so I never expected it for real. + +My joke/dream was that I wanted to hear Fox News anchors say "Superstonk" out loud on national TV, and right now I can't even be sure they haven't already. This is truly remarkable and IMPRESSIVE. To the mods and the entire community, thank you for being the shit a.k.a. the bee's knees a.k.a. diamond-handed lunar apes a.k.a. the kickass OG badasses of reddit. Thank you for being here and making r/Superstonk the *best sub on reddit*. I am truly and eternally grateful. + +I am actually REALLY excited for market open and I have a gut feeling that we're going to see some crazy price action this week. Remember, trust DD over Red's gut... please... Just remember, a lot of what we're seeing is intended to discourage GME holders. If you like the stock, feel free to HODL it as long as you like. I personally will be. Let's go! 🚀 + +Few months ago, I've came here for an advice about longterm investing, and most of you told me about vwce. +I've been researching some stocks also, mainly Tesla, and I have put most of my money in it (against your advice), so I have made nice gains. +I am currently in a situation where I need to buy a car, and in like 3-4 years I am planning to buy a house. +My income is around 10k€/year. +I have around 5.3k€ in Tesla stock, which is around 200%profit. +What would be your advice for me? Should I sell Tsla, take profits, pay taxes (12% + 10% of that 12 percent) and buy a car? +I really believe in Tesla that it will be worth a lot more on the future, but who knows what happens in the meantime. When I invested in Tesla, I wasnt expecting it to explode so much in recent months, and honestly its taking a toll on my mental health since I am always opening up trading app and watching its worth. + +So my plan is to sell Tesla stocks, take a loan of around 7k€ with interest of 3.2% over the 2 years and buy a car, and then take a new loan with my gf to buy a house, and simultanously invest around 100€ a month in Vwce for the next 30 years. Is that a good plan, what are your comments? + +****Quick update: I have sold 2 Tesla stocks at $2202.**** + +And also my next question that I forgot to ask. +Would it be better to save some cash before buying a house so that I dont have to take that much of a mortgage, or instead put that money in VWCE? +I posted this on another tread as a comment but I’ve loved to have more discussion around it. + +So, I'm a new dad and I have a lot of conflicting thoughts on this whole topic of making our kids work and grind like we did. + +I will admit, I may be wrong in my thoughts since many of you have more experience. These thoughts may be a bit obscure but I think a lot of us are biased and want to keep this crazy thing we call life, on the wrong track. + +I may come off as very "antiwork," and while I don't like the general vibe of that movement and the laziness/entitlement that comes off, I do think there is some good in questioning the way we do things. + +My journey into entrepreneurship was born with the simple concept of asking myself, "why am I ok with waking up every day to do something I don't want to do." Fortunately I married my passion, skill, and market fit and have done well for myself. But this isn’t likely for most and most being our kids. + +In the case of our kids, why are we so consumed with them trading life energy for money when they don't need it, and it requires them to do things they dislike all day? It's like we want to push our kids to work and grind, so we reduce the chances of them being a shithead or because someone will negatively judge them or us. + +Now, I'm not saying everyone should be spoiled rich kids with fancy cars, clothes, and trips, but why is it a bad thing for people to just want to enjoy life, help people, and follow a passion instead of grind through all the bs most people have to deal with? Many of us being, those people at some point. + +Why are we ok as a species to be in positions we hate so that we can keep the status quo? The answer- because it's not normal to do the opposite, and we're programmed to think that's how things are supposed to be. Go to school, get a job, make money, retire and enjoy a few years with a broken-down body. Even if you don't have to. What? + +I can't say exactly how I will nudge my kid/kids along over the years, and I do want her to work and go to college for the experience and education, but I don't think it's right to make her struggle just because. + +Does that put a target on her back for hate/jealously, perhaps but am I willing to trade her life for the feelings of others? I don’t think so unless that’s what she wants. + +Many of us are in a position not to have to worry about money, working hard anymore, and struggle, but we want our kids to do it. It's weird, and I can't help thinking it's just some bizarre defense mechanism to not create a spoiled brat or withhold some pointless tradition. If work and struggle is our solution to that, I think we all have bigger parenting problems. + +Surely we can raise good kids without forcing traditional lives upon them. + +What I hope for my kid is having respect for what we have, understanding how it came about, doing good for others, and enjoying life, and seeing where they takes her. Maybe work is a part of all this but I don’t know if it needs to be and I wonder if all our thoughts behind it is our way of protecting perception at the cost of true life meaning. +# Things I hear all the time.. + +*"My strategy is collecting premium"* + +*"I prefer delta 35 Iron condors over Delta 40 Iron Condors"* + +*"My strategy is selling calls on my stocks for income"* + +The odds are you have heard statements similar to these across all platforms, forums, and places where traders congregate. It is not uncommon to hear statements like this from new traders and traders with more "experience". + +In this thread I will be discussing why this is the **wrong** way to think about trading strategy. I will be breaking down why it is *dangerous* and *limiting* to your performance in the markets to think this way. + +I invite criticism and differing opinions in the comments. + +# Part 1: What is a structure? (and common misconceptions about them) + +Iron condors, verticals, strangles, calendars, diagonals... calls... puts.... + +These are what we would call structures. As a new trader learns more about the option space, they grow in familiarity with certain structures, and what I have been seeing is that traders start to lean on one or two of them heavily. + +*"My trading strategy is selling ATM Straddles"*, etc. + +At first glance, this makes sense. But lets phrase the exact same thing differently: + +*"My trading strategy is selling delta neutral, short vega, short gamma, long theta".* + +All of a sudden, it sounds a lot less like a strategy, and starts to sound more like what it really is. A view on the market. + +You see, an iron condor is not better than a straddle. A straddle is not better than a call. Each of these structures gives you different exposure in the market. + +**Lets use an analogy to make this clear. Instead of traders, let's talk about home builders.** + +Does a home builder prefer a saw, or a hammer? + +The answer is: *If he is trying to cut a piece of wood, he prefers the saw. If he is trying to hit a nail, he prefers the hammer.* + +He is inherently indifferent to the tools. No attachment to either. The tool just allows him to complete a job. + +So the real question we should be asking as traders is: what job are we trying to get done? That should dictate the tool we use, not the other way around. + +# Part 2: What is Exposure? + +Now that we understand how one structure isn't inherently better than another, lets talk about why each of them matters. + +**Each structure provides you with different exposures in the market.** + +Imagine if you want to bet on a stock going up quickly, so you bought a put. You would be quite shocked if the stock went up but didn't get paid. You were right, but you still lost. How come? + +*It's because you didn't express yourself correctly in the market. You had the wrong exposures for "what you were trying to say would happen" in the market.* + +Now this was an obvious answer, but the same thing happens with call spreads, covered calls, short puts, the wheel, etc. + +Here's a clear example: did you know a covered call is the same as a short put at the same strike? + +It's literally the exact same exposure. + +Yet most traders would say they like the covered call over the short put because its "less risk". (*it's literally the same.*) + +Why does this happen? + +It's because we are looking at the story, not the exposure. + +*"You mean if the stock goes up, I make money, and if the stock goes down, I collect premium? Sounds great!"* + +a very different story from + +*"If you sell a put, you are taking on the risk of losing a lot of money if the stock plummets"* + +Even though a covered call is a synthetic short put. + +# So Why isn't a structure or Risk Exposure a strategy/edge? + +Because everyone has them. The market is a competitive place. It would be a mistake to think we have uncovered a "secret" by learning about the covered call, or an iron condor. + +A strategy is only worth doing if it generates alpha. How can a hammer generate alpha for a home builder if every other home builder has a hammer too? + +Now I understand that this might be frustrating. You might be wondering "If a covered call doesn't generate alpha, or my iron condor doesn't, etc... then what the heck do I do?" + +# To answer this, lets talk about our friend the Home Builder Again: + +If every home builder has the same tools, a similar education, a decent team to work with.. what makes one home builder more profitable than another? + +**It's their ability to find better jobs to do that defines their profitability.** + +Maybe they can find jobs working for richer people, who are more loose with their money, and therefore allow the builder to charge a higher price per square foot. + +Or maybe they move to a location where there are no builders, and can charge whatever they would like. + +What this means is that profitable builders have better strategies than unprofitable builders. They are able to charge a higher premium or find an inefficiency that others are not taking advantage of. + +# To bring it back to trading.. (Conclusion) + +Your strategy is what generates alpha. + +and depending on your strategy, you will need a different risk exposure to capitalize on it. And if you need a different risk exposure.. + +**You'll need a different tool.** + +So don't limit yourself. Don't get married to a hammer. Saws are just as good. We haven't even talked about wrenches yet. + +Start off with an idea. Something worth exploring. And if you uncover gold, ask yourself how to extract it. Then use the right tool for the job. + +This is the way of the winner. The trader who receives more output than the time/effort input. +More information and source here: + +https://www.npr.org/sections/thetwo-way/2018/01/24/580324251/bank-of-america-ends-free-checking-option-a-bastion-for-low-income-customers + +There are plenty of good, free options out there, see the wiki here: https://www.reddit.com/r/personalfinance/wiki/banks_and_credit_unions + +Look for no minimums, free checks, ATM refunds, no transfer fees, a good website and interface, and FDIC protection of course +Now that SCHD has reached a low for the last 12 months (14% YTD), what is the plan? + +Load the truck with more? +Wait for it to drop lower? +How is everyone reacting to the news? +I already swallowed the hard pill of learning I’m not a good trader, luckily it only took about 10k for that to sink in. I have a vanguard I buy SPY with each month but I want to hand the money over to a professional or continue in index fund trading. +I am worried of getting myself into something where they talk me into letting them have an extra 2% above normal (don’t know what a fair rate is) and it screws me over the next decade. Also been reading a lot of articles saying SPY returns will drop hard over the next few years from 8%-3-4 although no one can see the future. If anyone has advice on good funds and what is a fair rate to pay a firm for management I would really appreciate the input and advice. I’ve seen old family friends who lost savings and a huge amount of their wealth in situations I know could have been avoidable if they had someone to warn them. +I have a pretty awesome 9yo who is well adjusted, modest, and generally awesome. Our family is not super showy with our wealth but we have a pretty nice home in a major city and drive around a Tesla. Normally this kind of thing wouldn’t bug me too much but my child has noticed the wealth disparity for a couple years now between his life and his friends. There’s even a noticeable difference amongst the neighborhood kids, as those families are trying to keep up with the Joneses, whereas we’re off that treadmill. For example, we do 1-2 international trips a year whereas many of his friends have never left the country. Wondering how you all have adjusted to the income and life disparity between your child and their friends. I’m sure I’m gonna get the whole “don’t let it bother you”, but it’s not about me. It’s about my kid and his relationship with his friends. Thoughts? +Hey all - first post. Please direct me elsewhere if this is not appropriate for this subreddit. + +Ok... more of a conceptual question than anything. I'm in my thirties for context. In my experience, I have heard people who *have* money *talk* about money in a certain way. It almost seems like after a certain saved amount, or after a certain rapid accumulation of money, that you are entered into some secret club or something that has all the answers to never leaving. + +Let me give a couple examples. Carol Baskin (for what she's worth) has a lot of money. In a recording in the first Tiger King, she mentioned that certain people, who do the right things, can easily become wealthy. She wasn't very specific, but she almost made it sound like a simple a-b algorithm or something: If I perform these actions, I will be rich. + +Another example came from me sitting in on an interview. The candidate told us about some of his work history doing IT for a nursing home. The home, he said, was filled with affluent people, minor celebrities etc. He was explaining this to my manager, who is not *loaded* per se, but definitely better off than most in my town from what I can tell. He said something like, "ya, I was just surrounded by people who - \[and this is where he looked with hesitation towards my boss, almost afraid to give up a secret or something\] -who did the right things to be affluent in life." My boss acknowledged him with such a subtle nod, but it was one of the most authentic expressions I ever saw her convey... + +So these few little idiosyncrasies have made me wonder since, is there just like some secret that affluent people hold? + +I know it's silly. From what I can tell, most of these people have a few things in common: College educated, started their career mid twenties TOPS and haven't left, and invest their money in every possible way to make it work for them. I think it's reasonable to assume that *is* the secret, and I know there isn't some sort of occult dividend-paying bank that contacts you once you start making say 6 figures, but has it ever *felt* that way to anyone else? + +Thanks to anyone who reads this far! +during my interview process I was told that the position I’d be at would have a 10.50-11phr starting wage. + +Yet ive looked at the contract and it says that I’m getting 21,945 per annum I’ve done some calculations and that comes out at just 9.59? +I work four days on four days off, 6am-6pm so 12 hour days, 44 hours a week (I took off an hour each day for lunch) + +Did I do the math correctly? Are they going to be giving me less Than the agreed amount? +Sorry if this isn’t the right sub I just don’t know which would be best! +My partner and I are trying to come up with a fair way to distribute our remaining household income after rent, utilities, necessities etc. He makes more than me, so I want to make sure he is left with his share at the month. This makes sense to me and seems fair, but please let me know if y’all agree or have suggestions. Here’s the example: + +He makes 5k a month. I make 4k a month. All income goes to one account, we will call it Account #1. + +Account #1 now has a balance of $9,000.00 (5k + 4k = 9k). + +All rent and utilities are paid out of Account #1. Let’s say rent + utilities is $2,500.00 a month. Account #1 now has a balance of $6,500.00 (9k - 2.5k = 6.5k) + +Now, our remaining funds after shared expenses (6.5k) are split based on the percentage of income each person brought in for the month. To make it simple I rounded the percentages below. + +He brings in $5k, which is 55% of the total monthly income, resulting in $3,575.00 of personal play money. This is deposited into his own account. + +I bring in $4k, which is 45% of the total monthly income, resulting in $2,925.00 of personal play money. This is deposited into my own account. + +Please let me know if this makes sense to y’all and if it is fair and reasonable. I know this might sound like a lot of work but I kind of enjoy budgeting and stuff and I want to make sure we both get our fair share of the spoils. Thanks for looking! +We find ourselves in a situation where I see no way to exit out of debt and what feels like bottomless burden. + +* We are a family of three with only my income of 28/hr (about 4850 before tax end deductions in FL) +* Our mortgage is $1500 which is about 25% lower than what it would cost to rent a slightly worse house out +* Our other big expenses are + * Two car payments totaling about $900, car insurance of about 250 a month, and gas 200$ a month + * Electric is 200-240$ on average, internet is $60, and cell phone about $50 for two lines a month +* Now our credit card debt is insane, north of 20k total if not more. That is excluding my student loans +* Both of our credit scores are also very low due to credit card debt +* Spouse is not able to work + +In past two years we had trouble paying for the mortgage and are still working out new terms. Only bright side to all of this is that we purchased before the pricing skyrocketed and on paper, we have a lot of equity due to market house prices. Not because we were paying more for the mortgage. + +I have reached out to multiple debt consolidators or loan providers to consolidate credit card debt into single payment with lower interest, but at most got 2-3000 at 20+% + +There was a discussion with one lender to get Heloc or similar, but they require our mortgage situation to be resolved and 3 months of steady mortgage payments. Granted, they did not see our credit scores and I assume once they do it will be a sad day. + +What's killing us right now is car payments and credit card payments. We have 3-4k on bank account, to possibly purchase old beater and sell two cars, but market is dry and only full of crap that will be a mechanical burned within months. + +What other service or organization can I reach out to? What would you do in our situation? +I’m 17 years old and still have a lot to learn. My car broke down and instead of fixing it myself, I made the mistake of handing it over to my dads car repair company. Now I owe my dad $1500(his guys installed a bunch of crap I didn’t need) which is all but $300 of my entire bank account. I wanted to buy a lot of cool stuff(welding supplies, car upgrades, fishing gear etc.) I want with my own money, but I’m trying to convince myself that I don’t really “need” those things. I have a minimum wage job and will probably earn this back in about 6 months. Any tips to help me realize this? +I (30M) have been with my partner (27F) for 3 years now and we got engaged a few months ago. We filed taxes common law for the first time this year. + +I make a good income in an area where it is not common but also not unheard of ($160-170k). She is so fiercely independent that when we started dating and we went on dates she refused to ever let me pay and always paid her share. She has worked at least 2 jobs and a side business the whole time we have been dating totalling between 50-60 hours a week. She is always very budget conscience and takes pride in her career. When covid hit her one job stopped running and she was down to 20 hours a week. I had offered to give her money but she wouldn't accept it. I later found out she got a little money from her parents. That kind of hurt. I after two years tried to explain my financial situation and how much I saved of my income and that I would always be there for her. + +We filed taxes this year and she saw my T4 (Canadian W2), and she couldn't believe my income. I said I literally told you last year when you were stressed about money but she said she thought I was just trying to make her not worry about it and embellished it. + +I have walked her through my plan and explained my forecasts. It has made her feel better. She has a job that makes her miserable that she feels she needs and now finally she is considering giving it up. + +I now wonder if I had been more open that she wouldn't have suffered a job that makes her unhappy the last 6 months. When do you let people in on where you are financially? Obviously you don't want to flaunt it because it attracts the wrong people. It doesn't matter for me anymore just posting for others opinions for other people. +In an attempt to win Free Crypto by participating in [This Promotion](https://www.bk.com/crypto), I ate burger king for 21 days straight so you didn't have to. + +You can't win if you don't play, Reddit. Here's how it went: + +Day 1 - 8pc Ghost Pepper Nugs, Cheeseburger, Hershey's Sundae Pie - Total = $5.45 - **1 DOGE** + +Day 2 - 8pc Nugget(they were out of Ghost Pepper), Small Onion Ring, Hershey's Pie(these are dangerous) - Total = $6.31 - **1 DOGE** + +Day 3 - 8pc Ghost Pepper Nugs, Rodeo Burger, Hershey's Pie, ordered delivery today - Total = $13.74 - **1 DOGE** + +Day 4 - This was a weird one. I actually tried to order delivery through the app, and the order failed because my nearest store was currently closed/not accepting orders. Still got the reward email and claimed it. Total = $0 - **1 DOGE** + +Day 5 - Rodeo Burger, 3x Applesauce, lol really was not feeling BK today. - Total = $5.88 - **1 DOGE** + +Day 6 - Ch'King Deluxe Sandwich - Total = $5.90 - **1 DOGE** + +Day 7 - Ch'King Sandwich, Hershey's Pie - Total = $7.51 - **1 DOGE** + +Day 8 - Impossible Whopper - Total = $6.98 - **1 DOGE** + +Day 9 - 2 Hershey's Pies for delivery lol - Total = $12.63 - **1 DOGE** + +Day 10 - Sausage, Egg, & Cheese Biscuit, Med Hash Browns - Total = $6.00 - **1 DOGE** + +Day 11 - Rodeo Burger, Med Fry, Hershey's Pie - Total = $5.78 - **1 DOGE** + +Day 12 - Big Fish Sandwich, Impossible Whopper, Hershey's Pie (roommate wanted food too) - Total = $14.38 - **1 DOGE** + +Day 13 - Ch'King Sandwich, Hershey's Pie - Total = $7.51 - **1 DOGE** + +Day 14 - 8pc Ghost Pepper Nugs, Double Cheeseburger, Hershey's Pie - Total = $6.31 - **1 DOGE** + +Day 15 - Med Fry, Rodeo Burger, 4pc Ghost Pepper Nugs, Hershey's Pie - Total = $7.17 - **1 DOGE** + +Day 16 - Ch'King Sandwich, Hershey's Pie - Total = $7.51 - **1 DOGE** + +Day 17 - 3x Hershey's Pie (I'm so sick of Burger King lol) - Total = $6.42 - **1 DOGE** + +Day 18 - 2x 8pc Nugs, Lg Fry - Total = $6.10 - **1 DOGE** + +Day 19 - Ch'King Deluxe Sandwich - Total = $5.90 - **1 DOGE** + +Day 20 - 8pc Ghost Pepper Nugs, Medium Fry, 3x Hershey's Pies(roommates wanted some lol) - Total = $10.59 - **1 DOGE** + +Day 21 - Bacon Cheeseburger, Small Onion Ring, Hershey's Pie - Total = $6.85 - **1 DOGE** + +**Results:** + +Total Spent = $154.92 + +Total Earned = You guessed it! **21 bright shiny Dogecoins**. = **$4.81** (at time of posting) + +[much wow](https://preview.redd.it/001anktlzz081.jpg?width=1080&format=pjpg&auto=webp&s=f52739a88140d6a3a797334f4998e39603c01030) + +I won't be eating Burger King, or likely any fast food for a *long* time. + +Edit: Many people seem to be oblivious to the fact that there was a chance to win BTC and ETH as well. I wasn't just eating Burger King for one guaranteed DOGE every day. +I want to tell you a story about the last week and a half / 2 weeks of my life, and lessons I think are worth taking note of. It needs context, though. So let me start by telling you briefly the story of the last 10 years. + +I’m a day trader. Have been for a long time. By this I mean day trading is what I do. I don’t trade during the day while taking a break from being a chef or some other main occupation. All through the day, I watch charts and make trades. I have developed some really good strategies which I am always aiming to improve. This has come at the cost of regular 12 - 16 hour working days (trading, assessing, improving, automating, back-testing, journaling, studying, networking and dealing with associates). + +I work for myself. I’ve not been employed since I was a teenager. A large chunk of the money I make is directly based upon my own profits from my own capital (although as a person develops in trading, many opportunities to earn extra income letting some entities copy trades or run them onto investment accounts materialise, and to not take advantage of these would be irrational). + +I’ve made a lot of money. The exact amounts do not matter, but it’s a lot by pretty much anyone's standards. Some billionaires would say I’ve made a good start, anyone with less than a billion would say I’ve done extremely well. A lot of times I make more in a day than someone following the typical life plan of someone from my background makes in a year. I am not saying this to brag, I just want you to understand that by many people’s aspirations, I am “Living the Dream”. + +I spend a lot of time at my desk. I have disposable cash flow from previous profits and also from recurring inflow of payments from different arrangements. To keep alert, I drink a lot of coffee. When I am hungry, I get fast food delivered to me. There have been times I have been managing large positions (sometimes hitting triple digit lot sizes when execution over all account is considered). + +Over recent years I have become far more relaxed managing large positions (familiarity will do that), but for a while I used to be very highly strung when trading these large positions with manual execution. There would be times I had 1,000% focus on the trades I had running for 6 or more hours. To unwind from this, I’ve often smoked a lot of weed (with tobacco), and occasionally I drink beer. + +I’m in my early 30’s. If I was to assess what I have based on what I wanted when I was a teenager, I’ve got it all. + +Well, I thought I had it all. + +Then a week and a bit ago I wake up with a strange feeling in my left arm. It’s not sore really, but it feels like I’ve strained it. As if I have been carrying a big a bit too heavy for a bit too long. I don’t think too much of it, but as it persists through the day I find it harder to ignore. It’ still not sore, it’s just there. + +It’s there the next day, too. By now my mind has made the link between “left arm pain” and “heart attack”, but I am not overly concerned. I am young. I’m slim. I can touch my toes when standing and I can kick above my head. I’m fine. I make a conscious decision to not Google my symptoms. + +Day three, and shit starts to get scary. The feeling is still there. Still it does not hurt really, but I feel a bit like I am losing the full range of control of my left arm. I start to freak out when I get stiffening in my fingers of my left hand. I am also now starting to experience a slight loss of autonomy in my left arm/hand. This is noticeable. I am left handed. It’s ever so slightly harder to place orders and adjust them rapidly when I’m trading. Things I usually do automatically (muscle memory) I am getting wrong, little misclicks and typos in rates. + +I start to think about joint damage in my fingers, and decide I better Google afterall. I do my best to avoid telling Google I am worried. I type in simply, “Left arm hurts”. The snippet results starts, “Pain in the left arm is usually harmless, but in some cases is a warning of something far more serious like a heart attack”. I take comfort in the opening line, and keep reading. Then it says something that I read as “If you’ve been lying on your arm and it hurts, that’s okay. If not, you’re probably going to die”. This was not the exact wording, but I got the gist. + +I start to do research on the things that can cause poor blood circulation in the body. Signs of that, and ways to reverse it. I still do not know what a heart attack actually is at this point, I am pretty sure blood flow is important in it. I go for a longer than usual walk with my dogs, and I do squats (I’ve learned how the legs can be a secondary pump for blood and it seems these are good things to do). + +I do some cursory research on the signs of a heart attack. The main signs are chest pain, spreading to the upper limb, back, neck and jaw. DIzziness/confusion. Nausea. Numbness in the hands and feet. I do not have any of these, so I am probably fine I tell myself. Although I probably want to consider making some adjustments to my daily routine before this becomes a problem. + +Days four to seven. I lose track of the exact timeline during this part, but this is when I start to legitimately consider I may be in immediate danger. It starts with a bad dream. All I can remember of the dream is in it my foot goes numb and I hear the words “heart attack”. This wakes me up. My foot is slightly numb when I am awake. + +I go to my desk and try to work, and I am just not there. I can execute on basic things, but my cognitive functioning is useless. I realise my portfolio probably does not pass a stress test, and am unsure of what I should do to fix that. This is bad. Although there are a lot of things considered in this, I should be able to do it as easily as a cashier gives change. It should be automatic. I make some adjustments to cap risks, knowing they are probably not the optimum thing to do and will probably make me lose a little or prevent me making as much as I might (but remove risk of excess loss). + +I decide to get away from my desk. I try playing with my dogs to take my mind off it, but I feel ill when I do. Moving about makes me dizzy. I try playing with my parrot and similarly it is not a distraction. I don’t feel well, and I do not have a full sense of equilibrium. I tell myself this may all be psychosomatic - but I am uneasy. + +Then things get surreal. I receive junk mail advertising life/funeral insurance, and I feel like I am hearing terms related to heart failure more than usual. My rational mind tells me it’s my reticular activating system noticing things that always happen. No big deal. Around 2am I take my dogs for a walk and I walk a longer route than I would usually. I round a corner and there is a man lying on the grass next to the pavement. His jacket is adjacent to him, but out of arm reach. + +He is flat on his back. Face gaunt and white. Eyes are open and rolled right back in his head. There is no movement. Nothing at all. After a few seconds of looking, I suspect he is dead. I use the extent of my medical knowledge to test this; I kick his foot a few times. Click my fingers above his face and shout at him to get up. Nothing. + +I walk around to his head and put my ear to his face. There is a faint breath. The grass is wet and he’s lying there with no coat on in the grass. He won’t respond to anything, so I call the emergency line to get an ambulance. This takes a while to arrive.During this time apparently he’s heard me on the phone to the operator and is trying to get up (doing a really bad job of it). + +By the time the ambulance arrived I’ve got him up on his feet and noticing the smell of drink and the pinned pupils I am quite sure he's come to be where he is after using a mixture of drink and drugs. I am partly torn between thinking I’ve wasted the EMT’s time and also partly thinking he may have died in the rain through the night if I’d done nothing. What I am not even slightly torn on is the fact this is fucking surreal. This isn’t my RAS . I am not walking past what appear to be dead bodies in the street regularly without noticing. + +The next night was the first time I feel something in my chest. It’s not sore, but it’s something. I smoked some weed/tobacco and in the 15 minutes after this starting to think I was about to experience a heart attack. I still don’t really know what this is, I am just ticking the checklist for it. My heart is beating faster and an unusual feeling in my chest. I’m dizzy and lack focus. In my mind’s eye I keep seeing a dramatic grab at the chest and me starting to fall, but it never happens. I do not feel any serious pain, and I decide my symptoms are also consistent with having smoked weed and becoming anxious. + +The next night the same thing happens, but this time I am more concerned. I actually feel quite sure I am going to have something dramatic happen in the immediate future. I decide to call an ambulance, but first I have to sort out my positions on my accounts. This may sound like bad prioritising (and it is), but it would have been irresponsible to not do some basic things if I may be away for some days. By the time I’ve done this, I feel better. I am calm and I decide to sleep. I move my mattress from my bed and position is so I am sleeping with my head lower than my legs. In my mind there is the possibility of a stroke and I’m thinking if blood flow is tight … fuck the feet, I want to keep my brain. + +The next day I wake up, sit up in bed and start to eat some grapes. I’ve improved my eating choices immensely over the last day or so by starting to eat the food I bought for the parrot. Turns out I look after the parrot better than myself. I don’t feel good. Without even standing up I feel dizzy, and I am tired. Not in the “just woke up” way, more in the “been up all night” way. Fatigue is another classic sign you’re fucked. + +I start to get serious about learning about the things that may be wrong with me. I learn what a heart attack is (medically it’s named myocardial infarction, or MI for short). I learn how it’s a block in the arteries and when fully blocked the heart cells begin to die within minutes - taking the rest of the body with them. I learn about hardening arteries and the thing most relevant is blood clots. + +I find out someone sitting for long periods of time can get blood clots in their legs, these can then break off and travel to the lungs. When you have a blood clot in your lung, you are in a world of fuck. I learn about how the presence or absence of different things in your body affect different things. Upon informing myself, I see that 12 hours a day at a desk feeding my body with caffeine, cortisol (what stress produces) and pollutants from smoking tobacco is a death recipe. + +Through all this I’ve noticed a few things. One, I am not afraid of death. Not at all. During the times of thinking I may be about to die imminently my mind has gone to sympathy for those who would be sad (parents et al). Any fear I’ve had for me personally was only in the pain I may be about to experience and dreading surviving but being debilitated. Second thing I notice is notwithstanding the aforementioned, I certainly would like to live. Lastly, I need to get someone to check me out. + +I’d been delaying going to a doctor since the pain was not sore. I was waiting for some hammer blow sort of pain in my chest. The slight burning and pressured feeling I had didn’t seem too serious. Sharp pains I was using as a warning sign. Turns out that is ignorant. The exact opposite is true. Sharp pains tend to be non heart related and not serious. Mild but persistent pressure pains are actually meant to be ambulance jobs. The dramatic chest grab thing is mostly for TV, what really happens is more subtle (until it’s not). + +By the time I go to the doctor I am well versed in the possibilities. Instead of a list of symptoms I am ready to go in there and tell her the different options I have and how close they are to killing me. I’ve got the short list down to impending MI (insta death). Pulmonary Embolism (Life threatening). Possible cancers (not too great), and finally unstable angina (not a killer, but a warning you may experience MI, which kills). I know all the tests I need done. Most of them she suggests, others I bring up. + +It turns out, I am going to be just fine. All I need to do is make some lifestyle changes and I will continue to have a life to style. Also turns out this style of life is that of someone who dies young. So much for “Living the Dream” and “Having it All”. My warning signs were only warnings. Ones that have served their purpose and I am grateful for. If I’d not changed the way I was living, something else would have changed that for me (if you catch my drift). + +Combining day trading in the way I was along with ignorance of blood circulation and freedom of flow in arteries can kill a person. When I got into reading about it seriously I seen there are so many ways in which I was at serious risk. Routinely sitting for over an hour is not good just in itself. It can cause clots and blockages. This get amped up when you add high blood pressure and these are the things you get in huge doses when you heap stress upon yourself and eat crappy food. + +Even if nothing happens to you today, the combination of arteries hardening/tightening and increased blood pressure makes your heart have to work a lot harder to do the same job than it would otherwise. I used to think these high pressure situations were over when I liquidated. Sure, I might be in an intense state for 8 hours but then once they were closed it was over. Usually I had a stack of new money for it. Actually, it can do damage beyond what I could see or even imagine. Relaxing after it by either drinking, smoking or eating shitty food only made things worse. + +It’s ever so ironic, because I’m planning on retiring from day trading the next 6 - 9 months. It’s always been a means to an end for me. It’s not what I want to do, it’s just there to fund what I want to do. I want to do things more meaningful. I want to end things I think are wrong, and support things I think are right. I need to be able to burn a good amount of cash to do this, and I’ve been positioning for it all this time. + +My plan for the next 6 - 9 months was to work harder than ever. I was going to be at my desk all the time. Morning to night. Creating software, ensuing they had the right exceptions. Training people to trade for me, and training people to do risk management. Making sure any arrangements I have can run with continuity and all parties are happy with me removing myself from it personal. Apparently doing this with the level of intensity I’ve done things to this point would have killed me. + +I am sharing this because I want you to understand how important it is to look after yourself if you’re a day trader. You need to get up and move about. It’s vital you regulate your stress levels. You must understand that sustained stress levels have longer term effects, and these are much more important than the outcome of your current position in the market. Learn about vitamins you need and eat foods or supplements for them. It can be hard to put a stop loss on bad health. By the time you notice there’s a problem it may be too late, and it may never come back. + +I was never willing to trade my time for money, because I value the freedom to live far higher than the hourly rate offered. + +I was never willing to trade security for the chance to have my dreams and desires, because it’s better to fail than to regret not trying. + +It seems I was willing to trade my health for wealth, and it turns out this has massively diminishing returns. + +If you’ve read all this (or skimmed to the bottom line) please do not comment wishing me well, or a speedy recovery or any of these things people often say. This post is not about that, and I will take care of myself. I just want you to understand the money is only useful when you can live to spend it. If you sell your health, you will always be taking the shitty end of the deal. + +Trade well , and live better. +Alright I’ve seen it explained over and over how SCHD is better because of growth and expense ratio but I’m hoping to be an expat here in the next couple of years and assuming things don’t collapse in the meantime I should have assets in the mid 6 figures to invest and am planning on applying for the passive income visa in a European country. +If I want a monthly income stream that doesn’t involve me regularly selling my stock then why would SCHD still be my choice? I keep seeing people argue that I should choose it over something like JEPI even for monthly income but for visa purposes I need to show somewhere around 36k/year for me and the family in Spain or Portugal. I realize 2 years is a short period of time but 500k invested in JEPI right now would have put me over that threshold each of the last two years. + +I’m just using JEPI as an example and if there are better options I’ll certainly look into them but it just seems SCHD is pushed onto everyone even for monthly income purposes when to get that income stream I will have to regularly sell shares for 5 years and if we aren’t in a growth period then that doesn’t seem feasible. +Just an observation, it appears a significant percentage of people receiving stimulus funds are wisely paying off debt/saving. Hopefully those that got in cc debt can avoid loading back up. Curious as to the impact the stimulus will actually have on stimulating the economy. Of course their are many that will have to buy food, clothing, etc., but unclear about impulse buying or buying wants instead of needs. Will be interesting to see an evaluation of stimulus spending later. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- 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. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'm sure of this because every time I buy as much as I can, the price drops 10% - 25%, and every time I'm waiting for a bank transfer to reach my account, the price skyrockets. + +Your welcome everyone. +MOASS is only possible if we ALL hold through 1,000, 10,000, 100,000. Remember that they HAVE to pay us, either the system has the largest FTD in history, or they pay. + +You may think you’re being smart by skipping out before everyone else, but remember that you are never the first person to come up with any idea, nor the last. We have likely ALL thought long and hard about selling on the upswing. After all, how high can this thing go, really? + +This is about your future. Do you want to invest in equities after GME? Do you want companies with great ideas to have a fighting chance in this market instead of being preyed upon by large HFs? Do you want to show the the whole world that the tides have changed, and greed will no longer go unchecked? Do NOT waver. Literally every single time any one of us sells a share, it makes us weaker. It shows the enemy that we aren’t what we say we are. + +This is a bitter siege, and the hardest time to keep our gates closed is when we’re winning. Hold. +Retail investors may have more of an impact than you guys think. + +> Speculative excess has surged to the highest in at least 20 years among U.S. options traders -- and that’s a negative for stocks over the medium term, according to Sundial Capital Research Inc. + +> Traders established fresh bullish positions last week by buying 35.6 million new call options on equities, according to Sundial founder Jason Goepfert. That’s up from a peak of 28.7 million in February, when speculative activity was rampant, he wrote in a note Monday. + +> “Options traders make stunning bets on rising prices,” Goepfert wrote. “This kind of activity has a strong tendency to lead to negative returns in the S&P 500 and other indexes over a multi-week to multi-month time frame.” + +... + +> At the heart of the speculative activity are smaller investors, according to Sundial. Small trader call buying made up more than 50% of total volume last week, the highest since 2000, it said. + +> Past instances when bullish small trader positions made up 45% or more of volume preceded a median loss for U.S. stocks of about 3% in two months time and 15% in a year, according to the note. + +> “Small traders are pushing their luck in a major way,” said Goepfert. “It seems increasingly risky to try to chase this rally along with traders who have traditionally been extremely reliable contrary indicators.” + +​ + +Source: https://www.bloomberg.com/news/articles/2020-06-09/speculative-fervor-in-u-s-stocks-surges-to-stunning-levels +Hi all. With the new TFSA room available at the start of the year, I was going to make my regular deposit, and then preform Norbert’s Gambit as I routinely do. Normally I’ll just use a pre made spreadsheet or something to get a rough idea of costs, however, there are a lot of issues and missing features from a lot of these tools. This prompted me to build my own tool, which will account for a lot of the mechanics that existing tools leave out. I’ll include a brief rundown of the main features I decided to include. On top of this, I built a UI that gives you the ability to pull bid / ask spreads directly, as well as BoC FX rates on the fly. Below is the brief list of functionality: + +* **Bid / ask spreads:** This tool accounts for the live bid / ask spread on both DLR.TO and DLR.U.TO. Most existing tools don’t account for this, and only pull a single quoted price. Not only is it important to know the exact prices at which you will trade for the sake of accuracy, but also because it is likely that potential ECN fees will be codependent on whether you choose to transact at the bid or ask. +* **FX rates:** Most tools only pull the current fx rate, and use it to calculate trading costs throughout the entire pair of trades. I have implemented the ability to specify an fx rate on both the date of purchase and the date of sale. The benefits of this are twofold. First, inbetween the purchase and sale date, the investor may experience a meaningful amount of drift in currency prices. If this is not accounted for, the trading costs will not be accurate. Second, the integrity of the data of past trades will not be skewed based off the interest rate drift from the time the trades occurred to the time the calculation is being ran. +* **Implicit costs:** Most tools will only account for explicit trading costs, defined as the sum of the ECN fees and commissions. In addition to explicit costs, this tool also accounts for implicit trading costs. These consist of both the bid / ask spreads that could be either payed or earned based on the investors liquidity preferences, and the profit / loss realized from fx rate drift while the trades are settling and the shares are journaling. + +If you are interested in using the tool, you can find the link below. I may have rushed it a little bit, as I just got the idea a couple of days ago, and wanted to get it out as soon as possible for those like myself who contribute to TFSAs and such in January. Please let me know if you have any feedback! + +P.S. I am hosting this on my own web server at the moment. It may be quite slow in times of high traffic, so please bear with me at the moment. + +[https://norbertsgambit.danielboctor.com/](https://norbertsgambit.danielboctor.com/) + +Thanks. + The entity in charge of regulating Wallstreet will accept donations for coffee from the public while spending absurd money on a smear piece of propaganda in an attempt to ridicule the ones they should be protecting. This is why I HODL. + +[Timestamp](https://youtu.be/KhMZJ2WHkG4?t=50) +tl;dr: Regsho will moonshot us in t+13 due to forced buying of all undelivered shares if we hold. + +We've already won, the apes just need to stand strong exactly as they did with gme. BBBY is on RegSho list, for any new regards without wrinkles, this means the hedgecucks are fucked. + +All you need to do is hold. + +Why is Regsho so massive? Well first of all, it clears the market makers of all obligations to deliver FTD'S in the regular t+2 timeframe. Wait... that sounds bad? No regard listen the fuck up. + +MM's NOW have t+13 from the date of RegSho to deliver ALL FTD'S, otherwise on the 13th date forced buying of EVERY FUCKING UNDELIVERED SHARE begins. + +Do you honestly think when you went into your broker and bought shares that it had any affect on price action? Absolutely fucking not. + +Susfuckquehanna and Citadel are HOPING that you paper hand your god damn shares before that 13th date so they never actually have to buy and deliver on the open market (BBBY went regsho on the 16th so t+13 is SEPTEMBER 2ND.) + +If you do not sell forced buying will occur on all those shares that never actually got delivered, and this fucker will moonshot to kingdom come. + +How can you help? + +1. Buy more fucking shares. Don't stop. Every dip buy more and hold. +2. Buy ITM or JUST OTM options for September-January to gamma squeeze these cunts. + +Let's fucking get this bag. + +Edit: What happened with GME is we saw a cyclical event happen after RegSho. Forced buying drove MASSIVE amounts of price action, which incited massive amount of fomo, which drove more FTD's to be forced delivered, more FOMO, etc. You get the picture. + +This cyclical market mechanic is what was going to send GME to the thousands, but we all know what happened after the buy button turned off. Demand was artifically gone, and the obligation to deliver shares was DECIMATED as apes sold and cash settled their options. + +Once again, LETS GET THIS BAG. + +Last edit: For regards who need proof of T+13 - "In addition, Rule 203(b)(3) of Regulation SHO requires that participants of a registered clearing agency must immediately purchase shares to close out fails to deliver in “threshold securities” if the fails to deliver persist for 13 consecutive settlement days." + +Last last edit: For every one shill negative comment on this post, there is 100 positive comments. I fucking love this community and I truly have not seen this level of POSITIVE FUCKING SENTIMENT around a single stock since GME squeezed. This is it. + +How high will it go? Who the fuck knows but I’m aiming at $80 at the very LEAST, and you already know Ryan Cohen is too with those big dick Jan 80 calls. Trust the process, buy your fucking SHARES (and some options) and get rich. + +Final Edit: And the shills are out in full force. No way to predict that RC would do us like that. + +I’ll still be seeing how the next few weeks play out. +Here is a partial list from the IRS of known, common scams: + +https://www.irs.gov/uac/Tax-Scams-Consumer-Alerts + +>Note that the IRS will never: 1) call to demand immediate payment, nor will the agency call about taxes owed without first having mailed you a bill; 2) demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe; 3) require you to use a specific payment method for your taxes, such as a prepaid debit card; 4) ask for credit or debit card numbers over the phone; or 5) threaten to bring in local police or other law-enforcement groups to have you arrested for not paying. + +The IRS also offers [these tips](https://www.irs.gov/uac/IRS-Urges-Public-to-Stay-Alert-for-Scam-Phone-Calls) on how to recognize, avoid, and report tax scammers. + +##If you get called by a scammer, consider collecting their stated name, phone number they are calling from, and number you are directed to call and reporting it to [TIGTA](https://www.treasury.gov/tigta/contact_report_scam.shtml) and/or the [Federal Trade Commission](https://www.ftccomplaintassistant.gov/GettingStarted?NextQID=216&Selected=t%20-%20crnt#crnt) (with "IRS Telephone Scam" in the notes). DO NOT GIVE OUT ANY PERSONAL INFORMATION. + +I highly recommend that those of us with elderly parents or family members share the word. The elderly are some of the most vulnerable when it comes to online or telephone scams. + +As a humorous anecdote, last night I received a call from an attempted phone scammer. Blah blah blah a recent judgment in a tax court means I owe $8,152.91 in back taxes that was due last year. As a favor to me, they were willing to settle for $6,000. What a bargain. +I'm sure those companies also want the credit line that comes with a sky high valuation, but even with that, I do not see WeWork surviving a 2020 recession, especially if it comes with a dip in property values. + +EDIT: I am not a professional investor in any way shape or form. +This is a tip gleaned from the many helpful members of this subreddit. + +My HELP loan will be paid off this financial year from tax deductions alone. However, the loan will have Indexation applied to account for inflation on 1st June. Lately, the % applied has been low, but with rising inflation, the Indexation rate applied this year will likely be between 3% and 5%. + +Even though my tax deductions have "paid off" the loan, this won't be reflected in the loan balance until after my tax return is lodged, so Indexation would still be applied on my account. + +To avoid Indexation, I've just made a manual voluntary repayment to pay off my loan, and the tax deductions throughout the FY will be returned to me when I lodge a tax return. + +I thought I'd share this with anyone who is in the same boat. If you are able to make a voluntary repayment and think it's worthwhile, you might be able to avoid Indexation (which will be approx $400-$500 in my case). + +EDIT: I've made a guess at the Indexation rate here. As others have pointed out, it may cross 3% but may not be as high as 5%. + +EDIT 2: Based on today's CPI announcement (27/4), Indexation rate will be 3.9% +https://finance.yahoo.com/news/former-fed-chair-janet-yellen-reportedly-biden-pick-for-treasury-secretary-201233279.html?.tsrc=fin-srch + +Former Federal Reserve Chair Janet Yellen will serve as the 78th Treasury Secretary of the U.S., the Wall Street Journal reported Monday afternoon, citing people familiar with President-elect Joe Biden’s transition team. + +Yellen, 74, will have her work cut out for her, with the U.S. economy in the midst of the deepest economic crisis since the Great Depression. But Yellen’s deep experience with macroeconomics, in addition to her familiarity with the inner workings of Washington, could prove to be useful tools as the Biden administration takes a swing at a fiscal response to the crisis. + +Yellen will be the first woman to hold the position, and only the second Fed chair to serve in the role (G. William Miller). +Tired of outdated, unorganised layouts and paying ridiculous fees to view your BSC balances, transactions and tools! + +**WEN LAMBO (LAMBO)** is changing the space for everyone! [https://www.wen-lambo.app](https://www.wen-lambo.app/) 🚀 + + +DApp is Live / Free to use / Doxxed Dev / Ownership Renounced / Audit complete / Great community project / only $900k market cap / super early to get in on a real use, long term project. + + +**Track all of your BSC tokens & wallets in 1 place!** + +See your total portfolio balance, individual token values, donut chart % of holdings, 18 multi charts, tools, save your favourite wallets & tokens in the Diamond tabs + so much more. + +✅ View Portfolio balances + +✅Track ALL BSC tokens + +✅Swap/Buy/Sell Tokens + +✅View TradingCharts + +✅Full Trading History + +✅Hot Trading Tools + +✅Track ANY Wallet + +✅Trending Tokens + +✅Top Gainers + +✅Multi Chart + +✅Token Info + +✅Tools + +*Upcoming:* + +&#x200B; + +* DEX + +* LamboSwap + +* ETH Cross-chain + +* NFT Marketplace + +* Multi-Currency Portfolio + +* iOS & Android Phone App + +* Market Maker & Market Taker + +* Stop Loss / Rug Protector + +* Supercar Marketplace + + +**WEN LAMBO (LAMBO)** + +BSC contract: 0x2c7b396d17e3a5184d4901380836de7a72c5cba4 + +Only 700 holders & $900k Market Cap. + +0% transaction fees! 4% to holders / 4% burnt + +✅ WEBSITE: + +[https://www.wen-lambo.app](https://www.wen-lambo.app/) + +✅ TELEGRAM: + +[https://t.me/wenlamboofficial](https://t.me/wenlamboofficial) + +✅TWITTER: + +[https://twitter.com/wenlamboapp](https://twitter.com/wenlamboapp) + +✅REDDIT: + +[https://www.reddit.com/r/WenLambo/](https://www.reddit.com/r/WenLambo/) + +&#x200B; + +💰FREE TOKEN DROP💰 + +Airdrop: Telegram: [u/lambo\_airdrop\_bot](https://www.reddit.com/u/lambo_airdrop_bot/) + +&#x200B; + +Upvote our post and drop a comment for a chance to win $250 in $lambo +The price of a single share is important! + +Not financial advice. + +Love twall. + +Apes together strong. + +Edit: Thanks for the amazing response to this lil piece of fluff. I reckon that it's important that people understand that this is simply supplemental conjecture for your consideration because we care for eachother. You should probably not post your positions, or coordinate any share sale plan. +I am in the process of considering taking a 3 month sabbatical at the end if 2020. I am young (will turn 24 this year), so I will likely have some time to recover in the long run. However, what is holding me back is the fear of the unknown with regards to my net worth, potential salary/earnings, not great prior job history, and employers questioning it + +How I would do it is from the end of August through October (and/or through the time off) apply for jobs and interview. I would leave my current role in the beginning of October and negotiate to start a job in January 2021. + +During the sabbatical I would travel and take courses on R or Python. Would this be worth the risks mentioned above? + +Here is a rundown of my personal situation: + +**Finances**: + +High interest savings account: $26.8k + +Brokerage account: $31.5k + +Roth IRA: $12.5k + +Rollover IRA: $2.8k + +Savings Bonds: $1.3k + +No Debt + +Average yearly spending: $21-24k + +**Job Experience:** + +Worked in current job for just over 1 year at my current job and worked about 7 months at my prior job. +My husband and I are purchasing a $685,000 home with $120,000 down. Our interest rate is 4.8% making the payments $3600. Eek! Here is our financial situation: + +Pre-tax income- $205,000 a year + +Debt- car payment of $460 a month + +Car insurance-$120 + +Groceries- $800 per month + +Phones, internet etc-$200 + +We still want money left over for retirement, savings and college savings for our little one +**I crossed the million mark this week!** I can't believe it's my turn to post this. Like many others, there aren't a whole lot of people that I talk to about finances, especially not this level of detail. I am sharing here 1) because it's cool, and 2) to help inform and inspire others to stay the course. Woohoo! + +Summary by year: + +|Year|Total Income|Total Spending|Year End Net Worth| +|:-|:-|:-|:-| +|2010|XXX|XXX|9,400| +|2011|59k W2|21k|60,800| +|2012|80k W2|24k|90,700| +|2013|84k W2|27k|153,400| +|2014|89k W2|14k|230,000| +|2015|93k W2|16k|289,600| +|2016|94k W2 |16k|374,800| +|2017|120k W2 \+ 1k Freelance|20k|526,000| +|2018|126k W2 \+ 63k Freelance|21k|616,500| +|2019|136k W2 \+ 113k Freelance|22k|957,400| + +Backstory: + +Started my career in the beginning of 2011 at 22 years old with $9k that I had saved up from working part-time jobs throughout high school/college. My parents supported me financially through college, so that obviously put me at a great place to start out independently upon graduation. + +First couple years out of college I made good money and had a lot of fun, but spent a bit more than I was comfortable with (lots of unnecessary eating out, drinking, etc.). I got more serious about the FI mindset in 2014 and split rent with roommates at a cheaper place, so was really able to rein in my spending. Basically continued this for the next few years while slowly earning more and more. + +I've always been a fairly frugal person. I'm the guy who never gets sodas at restaurants and only adds guac at Chipotle for special occasions. I track my expenses in Mint religiously. + +I've always pushed a lot of my money into investments (pretax as much as possible, taxable for the rest). It's easy to look back now and say that's a no-brainer, but you can pretty much pick any point in time over the last 8 years and find reasons why people though the markets were overpriced and going to crash. No different than today. Stay the course, it works. + +In 2017 I got a new job at a higher position in a large company. I also discovered that I now had a strong enough skill set that I could do some work on the side as a freelancer. + +In 2018 I was lucky to be connected to a few more clients and took on more freelance work. This growth continued in 2019 as I built a stronger freelance portfolio and found more clients. Between my "day job" and freelancing I am putting in a huge amount of hours weekly, but I enjoy the freelance work, I like my clients, and it's a lot more productive than sitting around and watching Netflix all the time (which is what I used to do). + +In the future, I hope to keep the traction that I've got going in my freelance work, and maybe turn it into a full business. I like my day job, but 9-5 M-F is just not my cup of tea (not to mention the drag of corporate bureaucracy and politics). I have relaxed a little bit to enjoy some lifestyle creep. No longer stress about adding guac for $2, not worried about overpaying for a trendy drink if I'm spending time with friends. I can feel my "value" shifting to being focused on "time" rather than on "dollars" and it's awesome. + +**TLDR: Set your plan, stay the course. Be open to opportunities to make more money (by switching jobs or side gigs). Keep your spending in check as best you can.** +Hello Everyone! + +Ape help ape. + +Hello all, I've been so happy for the good reception this has been getting every time, and all of the helping people in many different ways. I'm just so so happy for that. Now just like I always ask, is everyone holding up okay? Still lots of turbulence in the world right now, as well as in people's personal lives. It's okay to take a breather! In, out! Ahhhhh! + +Well what a crazy past few weeks! Voting was a success, and the split/dividend was approved by shareholders and the board. It's only a matter of time before that drops, aperts (ape experts) say in around 2 weeks is when they can do it. Also, the number of DRS shares keeps growing! Congratulations and good job! You know the motto, buy hodl DRS! + +Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a collective community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leway will be given but outright saying you sold (true or not) isn't the best to post. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at things like official charity links and gofundmes. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone. + +And for the critics, not everyone who's struggling is over leveraged. Alot can change in a year, and you just never know what people are truly going through. A little compassion never hurts 😄. + +Cheers everyone 🍻, and hope everyone had a good month of May, a great Holiday weekend last week, and an awesome weekend 😊. + +Use your gut and ape help ape! WAGMI. And remember, Power to the Players 🥢! DRS! 🦍 +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +SOMETHING is going on + +Not sure what. Not sure if these 2 items are related. + +A) Susquehanna (one of the largest short sellers of GME shares) is looking to sell $500 million of its Tik Tok stake + +[https://www.bloombergquint.com/business/top-bytedance-investor-is-said-to-weigh-500-million-stake-sale](https://www.bloombergquint.com/business/top-bytedance-investor-is-said-to-weigh-500-million-stake-sale) + +a) Tik Tok is being valued in $250 billion to $370 billion range + +b) Susquehanna owns 15% of Tik Tok. That's $37 billion to $55 billion + +c) If you want to know how Susquehanna got 15% of Tik Tok -> [https://www.inquirer.com/business/tiktok-susquehanna-bytedance-walmart-oracle-microsoft-philadelphia-fortune-15-billion-20201003.html](https://www.inquirer.com/business/tiktok-susquehanna-bytedance-walmart-oracle-microsoft-philadelphia-fortune-15-billion-20201003.html) + +2) Thanks to this post -> [https://old.reddit.com/r/Superstonk/comments/qd0o6w/wut\_doin\_snap\_fb/](https://old.reddit.com/r/Superstonk/comments/qd0o6w/wut_doin_snap_fb/) + +from [https://old.reddit.com/user/DIAMONDHandsHotchy](https://old.reddit.com/user/DIAMONDHandsHotchy) + +FB is down 5.27% After Hours (it was up 0.32% during market hours) + +Snapchat is down 23.35% after hours (down 0.71%) + +For a company of $118 Billion Market Cap (SNAP) to be down 23.35% in After Hours is SUS as heck + +Intel down 6.79% + +Twitter down 3.52% + +Anyone know what is going on? + +Edit 1: Adding a Few Updates + +A) CryptoeStuff was massively pumped earlier in the week, and is now down 3.51% (a commenter said 5% so might be more). Overall cryptoestuff is down 2.37% in last 24 hours across all coineses. It may or may not be liquidation + +B) Yes, earnings are an issue. That explains Intel. That does not explain Snap being down 23.35%. A company of $118 Billion Market Cap being down 23.35% is quite a big deal + +C) Littlet98 had a good point - There is expected to be possible Evergrande Default - some are saying this week, some next + +D) Susquehanna selling TikTok is a slightly bigger deal than peanuts. Turns out they funded Tik Tok Founder's first company in China, and have been in a working relationship with him for 10+ years. Tik Tok is not a company you sell out of. There are so many other stocks they could sell out of. We should try and figure out what other companies they are selling out of, and whether this is a move by Susquehanna to liquidate parts of more than one of their holdings + +E) TaraDon's Social Network could definitely be a factor. It would be very anti Short Hedge Fund if it takes off. How crazy would it be if the destabilizing factor that causes market crash is Ex President TaraDon launching his own Social Media Network + +&#x200B; + +Mods, it's ridiculous that you removed this post for mentioning that Ex President is launching his own Social Network. Please have some balance in moderation +... And I'd be a thousand times more terrified if I was on the opposite side of its bet. + +It's like an entity, but it isn't. Like there was this firm with thousands of *self-motivated* researchers. Like it's a firm that replenishes its unrestricted cash every two weeks, and it consistently publishes its own research and ruthlessly vets it all on the same exact minute it was posted. + +It operates 24 hours a day, 7 days a week, and if 4 more days were suddenly added in a week, it would still be putting in the hours too, without extra pay, and even if they're all holidays. + +It is terrifying to imagine for anyone to go against it and go between this firm and its gains -- that firm which has unlimited capital, unlimited energy, unlimited time, and unlimited morale... + +And it still keeps on growing. + +Shit's got eyes everywhere even in places as obscure as Luxembourg. That "firm", right now, as we speak, is singlehandedly slowly owning the entire float of a highly shorted company that the big firms have ganged on. You can't find its core because it doesn't exist, but its eyes will show up almost anywhere it wants to when it needs to find something. + +Actually, it's even more terrifying that it is just individual investors doing their own individually arrived at conclusions. Had this been a single entity or person, a negotiation or even an assassination would have already happened to stop it. + +But this "thing" only feels like a market force that exists, yet it doesn't. You can't grasp it. You can't sue it. You can't negotiate with it. Let alone, you can't even beg for its mercy. + +You can only feel its presence and how it's out to take you and all your money and send you to jail on its way, and it will do all of that while laughing at the stories of your divorce and private dinners and a thousand other jokes at your expense. + +There's a new player in the game, it's out to get you, and you can't even grasp its form. +Hi All, + +We were trying to do some research around asset historic returns, volatility and relation to economic signals. + +Able to get the annual returns of different asset groups from liveMint ([https://images.livemint.com/img/2019/12/30/original/assets\_1577725585402.png](https://images.livemint.com/img/2019/12/30/original/assets_1577725585402.png)). But needed them at monthly levels for better estimates. + +Looking for (monthly) historic returns for : + +Gold (In Rs) + +Large cap (Nifty 50 TRI) + +Small cap (Nifty 250 smallcap TRI) + +Mid cap (Nifty 150 midcap TRI) + +International (S&P/ Nasdaq 100) + +Corporate bond + +G-Sec + +T-Bill + +Would be great if you guys can help out with whatever resources you know of / can think of. Promise to publish the research here (if meaningful) :) + + +Here's the post with the analysis - [https://www.reddit.com/r/IndiaInvestments/comments/nd4oyr/asset\_allocation\_for\_long\_term\_investing\_in\_india/](https://www.reddit.com/r/IndiaInvestments/comments/nd4oyr/asset_allocation_for_long_term_investing_in_india/) +Say you're paying around 35%-40% of your salary on rent for a 1 bed flat in zone 3-4 and sticking 20% of your pay straight into a savings account with average grocery and living expenses. + +On what kind of salary is this realistic? Because nothing stated above sounds too crazy to me but then again, London can be crazy expensive. +In 2019, we ended up locking in a contract for a house for $350,000 with a 30k down payment. Rates were stupid low (we got locked in at 2.4) and we have a great set-up in a new home with a warranty (new construction). + +We love our house, and it's a really nice home (with the exception of the back yard in my opinion, but that can be fixed), we've made it ours and I am against moving again. But, I can't help but wonder what my options are at the moment, if any. + +Right now, our house has nearly doubled in value since 2019. It's absolutely nuts and something I never expected. My parents house didn't even gain value like that, and is now valued less than ours. I don't know what to think other than how crazy it is. Zillow, among others, shows the area's average is $500k, and our house, specifically, is $625,000, with roughly the same report coming from the bank we're using to pay on the mortgage. The area around us is expanding RAPIDLY and it's in the relatively affluent side of town. We've had 3 new neighborhoods, a Costco, and 2 new shopping/town centers opened up in the past 3 years, all within minutes of our location. We got lucky, I think. And I still think it's nuts how much the area is expanding. + +But with our house being fucking DOUBLE what we paid for it in just 3 years, should we look at selling and investing the money elsewhere? How does that kind of money get disbursed when selling? What kind of investment would that money be best suited for? Should I even invest it if I do sell? What kind of housing market would I be going into? Or is it just stupid to consider selling and should I just put that bit of anxiety out of my mind? + +*Quick edit: +Most are already saying to stick with what I have and don't over think it. I appreciate the advice and thoughts on this! For now, I'm gonna agree, but I'll still listen if anyone has any extra advice on the situation, or just buying/selling the house in general since it is related, and it may help in the future. + +*Thanks for all the info everyone! It's good to hear the options I have and suggestions for maximizing what I have now. At the very least, I know now to call the bank and ask for the removal of PMI. General consensus seems to be to look into an HELOC, or cash out refinance. I'll start to do my research on both (any continued advice is welcome!) +Hey all, + +I'm setting up my wife's work computer so I've got a few minutes. + +I have done fuck all today. I went to my favorite bar with an old friend for breakfast, came home, took a shit because I had a big bloody Mary and a steak, then took a couple hour nap. + +Honestly, I have not paid much attention to DD's recently. Partly because I'm retarded, yes, but mostly because I really don't give a shit anymore. + +I buy and I hold. I wait for rule changes, I wait for hedge funds to start bleeding out of their bellies, I wait to see some good interviews (not congressional hearings. That's cool and all, but those mostly appeal to boomers.). + +But most importantly + +#I will wait patiently for mine pound of flesh. 👹 + +And you should too. Okay, Warden fucked up big time on his DD because of his detailing. We don't compromise here, dude. Sorry. + +*We will not negotiate with terrorists* - George W. Bush + +*We got this saying in Tennessee... Fool me once-* -Also George W. Bush, who's from Texas right? Who gives a shit? I don't. I know the fuckers not from TN though. + +Wait patiently apes. The prophecy has been foretold. + +Edit: whoever the fuck decided to give me a platinum, thank you! +Getting a long megabus this morning. + +Young Junior Doctor here + +Thought I'd kick it off with what methods do you guys use for frugal living? + +I'll start off. + +1) I occasionally go to the local small co-op and tesco (about 10minute walk away) to buy reduced goods at 8pm. I get loads of sandwiches, packets of sushi, meat etc for 70% off! With a busy job I'm terrible at meal prepping (which is my next goal to achieve) so I get some variety and cheap ready food for work the next few days. + +2) Rarely ever buy lunch at work. I always take some protein powder and fruit incase I feel extra hungry and that always helps with hunger levels and energy levels way more than tucking into some fish and chips from the cantene! + +3) I don't drive. I try to live close to public transport. Everyone drives now a days so I can always just chip in for petrol and carpool. This has its big draw backs when I myself want to go to IKEA or any other random place. But the odd taxi here and there is still way cheaper than MOT, insurance, maintenance, petrol etc. + +Would love to hear all your thoughts and insights! With inflation hitting highs, salaries arnt going up much. I wanted to try and get everyone 2cents + + +EDIT: I think its crazy that as a junior doctor I'm posting on here for frugal tips. But our salaries are effectively going down, hours are going up and I take care of my parents who have low incomes. What a world we live in! I really feel for anyone on lower incomes. + +My parents joint household income was around 25k / year growing up. The 4 of us lived well! But I don't know how that would be possible now! +My wife isnt working right now due to medical issues. The bills are paid and theirs food on the table but we dont have much money for anything else outside of monthly expenses. She does what she can around the house and for me and our two girls. What are some cheap ways I can show I appreciate the work she is doing? I need some ideas. Thanks. + +Sorry if this is not the best sub for this. +I am 19, living in South Yorkshire with parents and putting away £1600 a month from my full time job, will jump to £1750 within 3 months. 200 of that is a help to buy with £5k in it and the rest straight to savings about 3k in there. (rough figures). My GF of 10 months has had to leave her parents house and is living with relatives saving estimated 800 a month but cannot stay there forever (6 months will be pushing it). + +We plan in 4-5 months to be moved out and renting somewhere for 3-6 months (up to 600pm) to make sure we are able to function as adults and take the step into running our own home together as it is a big jump as a not only individually but as a couple. After that we would be speaking with a mortgage broker to try and get a mortgage in principal and then move on to buying a house, likely still not married by this point. + +However my parents have been pushing against this step massively saying my age is an issue and that I should be staying at home saving for a deposit. They and my other family say renting and owning a home will be more expensive than I can ever imagine and that me and my girlfriend will fall out and stress and argue over each other because of this, hence why we want to rent together beforehand and see how we do. However we are unable to spend extended periods of time together due to parents rules and beliefs, hence why we see renting as a good option despite the "dead money" aspect of it. + +Please feel free to poke holes in any of this and make suggestions from your outsiders perspective. + +Is renting somewhere for just 3-6 months feasible? Are contracts only a year long for renting? +Is it possible to get a mortgage essentially as girlfriend and boyfriend? + +Some of this could also be relationship advice material I guess. + +It goes without saying I love this woman dearly and want to spend my life with her and am fully confident I want to take these next steps together, but pressure from family and queries I have are putting me in a stressful mental situation. +I rented for 15 yrs, and when I was a poor student, I couldn't afford expensive neighborhoods. So we lived in the poorer neighborhoods. Then, after getting a job in another city, we moved to a relatively nicer place, but it was small and expensive. When we wanted a house, so we moved further out of the city, and my husband commuted for a year, then got a new job near our house (I work remotely). + +So, in my mind, if an area is too expensive to afford an apartment or house, I move to an area where I can afford it. But I often hear about people saying they should be able to afford a house in their area. But I don't go to the pacific palisades, or even parts of the Bay Area and say that I have a right to afford a house in those rich areas. + +I guess I don't understand the other side at all and would like some insights and/or good arguments that would help it make sense in my mind. + +A bit of background: We now own a rental in a high cost of living area. We lived in that area ourselves, but moved away due to cost. So a tenant just asked if I'm going to raise the rent this year and if so, he said that's why there's so many homeless people. Why can't that tenant do the same thing I did and move away? +A new law passed Cincinnati City Council Wednesday limits security deposits to 50% of one month’s rent + +https://www.cincinnati.com/story/news/politics/2020/01/15/cincinnati-renters-wont-need-cash-security-deposit-anymore/4430016002/ + +Anyone else worried about the anti landlord sentiment spreading around the country? I just saw a post about Oakland banning criminal background checks of tenants. +I say when GME hits like 800-900 we increase karma requirements so there is no influx of bots and shills who are trying to tell everyone its the peak. + +If the mods see this I suggest that they make a FAQ thread for serious inquiries and newcomers so that the sub doesn’t go tits up. + +Thank you and 🚀🚀. + +Edit: comment and post cool downs wouldn’t kill either! +(Im also only referring to posts and comments, anyone can join sorry i should have clarified) + +Edit 2: Since a lot of lurkers and vets kinda get punished by this suggestion despite doing nothing, maybe If possible new members get really really hiked karma requirements meanwhile vets get much lower requirements, up to the mods tbh. + +And worst comes to worst, mods can just filter every-post before its sent but that could be a lot of work and may result in mods being called sellouts for not approving every post or missing like a really important DD or event due to them having to filter 180k apes at a time. Everyone will be in here when it starts and that could be hell for mods! +Before COVID, we had talk of overvaluation of prices and that a correction was due to come. Then we get hit with the pandemic and everyone hits "Get the f**k out" on their investments + +Few months later, it roars back to comparable levels and now we're all expecting another crash + +What if this is the new normal? - people willing to pay higher P/E and if levels sustain and the economy catches back up in line with current expectations reflected in prices, it could possibly not come back down to March '20 levels again + +Is this noise gonna disappear and prices crash or will we have continued gains despite the situation based on optimistic expectations? + +(Yeah we all don't know for sure, but what do we expect?) +Some text from the full report + +* Despite a strong run up in Indian equities in the first half of 2021, the +majority of active funds in the large-cap and mid-/small-cap fund +categories lagged their respective benchmarks +* Over the one-year period ending in June 2021, the S&P BSE +100 was up 55.96%, with 86.21% of funds underperforming the benchmark. Over H1 2021, 53.13% +of the funds underperformed the S&P BSE 100. +* For the last 1, 3 and 5 year periods >80% of the surviving large cap funds have underperformed the index +* The bond funds fare worse than this - we sorely need a good inde fund in the bond space + +Source: [https://www.spglobal.com/spdji/en/documents/spiva/spiva-india-mid-year-2021.pdf](https://www.spglobal.com/spdji/en/documents/spiva/spiva-india-mid-year-2021.pdf) +What is your savings goal and why? I would also appreciate input from those who are currently putting kids through college or have recent college grads. How much did you save and do you feel like it was enough? +[https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics](https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics) + +&#x200B; + +Based on these margin statistics margin debt is growing at the fastest pace in years reaching almost $860 billion. I think it seems to be on the back of stimulus and low interest rates making it tempting to buy as well as a stock market that keeps going up. Should be interesting to see if this trend continues as we move through a potential "taper tantrum" situation with the fed taking it's foot off the peddle. +Hey all, + +Someone sent me this survey [published earlier this month](https://goldiraguide.org/nationwide-survey-42-9-of-american-adults-have-less-than-25k-saved-for-retirement/) that polled 5,000 Americans about their retirement savings. I'm honestly pretty shocked by these results. It seems like we're headed off a fiscal cliff in this country, given that the majority of Americans simply don't have the means to support themselves after their working lives. + +Some key highlights: + +* 18.5% of respondents nationwide report having $1 million or more saved for retirement +* 42.9% of Americans have $25,000 or less in a retirement savings account +* The results are skewed by gender, with 48.9% of women reporting having saved $25k or less compared to 35.6% of men; men outnumber women nearly 2:1 among those who report having more than $1M saved +* Politically “red” states generally have less saved than “blue” states +* The states with the highest population percentage with *less than $25k* saved are Oklahoma (59.2%), Indiana (53.4%), and Alabama (52.1%) +* The states with the highest population percentage with *more than $1 million* saved are California (21%), Connecticut (19.7%), and Michigan (18%) +* The results are not greatly skewed by age; 36.2% of those aged 45 and older have less than $25k saved for retirement + +What are your thoughts on this? For me, I'm also kind of surprised to see politically conservative states have such little savings, given the general ethos of looking after your own in these states. +Hi everyone, pretty new and young (29) investor here. Just wondering why a lot of people seem to recommend XEQT or VEQT vs. just an S&P 500 ETF? + +Correct me if I’m wrong (see tables below), but it seems XEQT and VEQT have about a 7% 20-year annualized return based on their underlying ETF’s, as they are quite new products. + +Whereas, the S&P is generally quoted averaging 10% per year over the last 20 years or so and its lifetime. + +With MER’s being much lower for S&P ETF’s (0.03-0.04%) vs XEQT or VEQT (0.20-0.24%) and the return of a S&P ETF seemingly being better, why wouldn’t the S&P ETF be the better choice in the long run? + +Am I missing something? (I totally could be…I’m new to this) + +Thank you! +It would take a bubble bursting to even get back to the level of housing affordability we saw in June 2020. + +Interested to hear everyone's thoughts; correction or burst burst bubble? and rationale for thinking. + +[https://www.theguardian.com/business/grogonomics/2022/sep/15/yes-australian-house-prices-are-dropping-but-from-staggering-heights](https://www.theguardian.com/business/grogonomics/2022/sep/15/yes-australian-house-prices-are-dropping-but-from-staggering-heights) +* ‛Road infrastructure has become financially unviable,’ PMO wrote in a letter to National Highways Authority of India +* To solve the crisis, the PMO has suggested that NHAI aggressively monetise its existing assets + +The NHAI should discontinue constructing roads and encourage the private sector to take over the running of completed projects. These are two of the key suggestions that the Prime Minister’s Office has made to the National Highways Authority of India (NHAI). + +The letter said the NHAI was “totally logjammed by an unplanned and excessive expansion of roads and it is mandated to pay much higher costs for land acquisition and construction.” + +It also said the hybrid annuity model, where the government and the private developer share the costs of setting up new roads, has become unsustainable. + +To solve this, the PMO has suggested that NHAI aggressively monetise its existing assets – either through the toll-operate-transfer model, where long-term concessions for collecting toll revenues are auctioned to the highest bidder, or through an infrastructure investment trust (InvIT). InvITs are trusts that manage income-generating infrastructure assets, typically offering investors regular yield and a liquid method of investing in infrastructure projects. + +[*Livemint*](https://www.livemint.com/industry/infrastructure/pmo-s-suggestion-to-nhai-stop-building-roads-sell-assets-through-an-invit-1566619682822.html) +I have been trading calls/puts on GME during the quick rise and fall lately and today is mind blowing. Surely this has to be a bloody hedge fund covering a massive positions to excersise but why not scalp the premium? Honestly, this is just odd as how deep itm they were purchased. + +https://preview.redd.it/fn5kxymumh471.png?width=1280&format=png&auto=webp&s=32a92816ece91820163e394a98d07e1280a98de0 + +https://preview.redd.it/5odukj8wmh471.png?width=1270&format=png&auto=webp&s=2d21988626b8046ffce0600c532dcee623ee43cd + +https://preview.redd.it/fse4dkrwmh471.png?width=1276&format=png&auto=webp&s=61a38433e75a1ca34bb72b98d1434d4b895f6d60 + +Edit : I bought the 06/18 210p's yesterday and am up 250% atm but bought the 06/18 340c's today. The stock has dropped $50 since I purchased the 340c but it is not losing value and only making more money as the stock drops haha fun times to be trading +As per this interesting post: [https://www.reddit.com/r/Superstonk/comments/ppod1x/computershare\_only\_trades\_through\_the\_nyse\_look/](https://www.reddit.com/r/Superstonk/comments/ppod1x/computershare_only_trades_through_the_nyse_look/) + + +I think this is a really HUGE deal. It means real buys are hitting NYSE impacting price. Real sells are also hitting NYSE and not going to Dark Pools where they can likely be doing all kinds of front-running, wash sales, share dumping and the like. + +Buying and selling (dirty word) on ComputerShare is literally like taking the bullets out of their gun. +I’m on mobile, sorry about the format! I am currently freaking out because I saw a really weird money transfer on my bank statement from the 25th. I belong to a small credit union and have never had issues like this, but I’m very confused and worried. I live on the west coast and this transfer says it’s going to a small credit union in Washington DC, a place I’ve never been to (I looked up the bank and it’s definitely real). The weird part is, if this was a keylogger or something who stole my account info, why only transfer that amount and then do nothing for 2 days? I’m shocked that my credit union didn’t alert me for suspicious activity because they’re usually so good about it. :( I’ve already changed all my passwords for all my accounts and logged out of everything, and I may wipe my computer back to factory settings (in case it’s a keylogger). Anything else I can do in the meantime or has anyone else had this happen? My bank isn’t open yet and I froze all my cards, but I can’t freeze my actual account until Monday so I’m just praying that this person doesn’t transfer more money before then... +At the time of writing this, ORC stock is $5.03 per share with a monthly dividend of 15.38%. If I buy 100 shares of ORC for $503 total, would that yield me 77 cents per share ($77 a month) since ORC pays monthly dividends? I'm new to stocks and Dividends and not sure how that all works exactly. Please let me know if this is correct and if not please let me know what it would actually be. +29 yo, pregnant with twins and have a toddler, have to quit my job since we can not afford 3 in daycare. I have $9k in 401k. I don't know when I can go back to work, most likely in 5 years when they are old enough for school. My husband makes just enough for us to live paycheck to paycheck. Should I cash out my 401k and use the 6 grand for living expenses since I do not plan on returning to work for some time? Or do I leave it in the account until I return to work? +It was between r/showetthoughts and this for this post and thought r/realestateinvesting may be a better spot. + +I keep reading that the realestate market "isn't the same as 2007" as the banks haven't been giving the same "risky loans". + +What I began to wonder is if the banks have equal risk this time based on two factors? + +1. Most people(like myself) refinanced for sub 3% rates. With inflation as high as it is, in real terms the holders of these mortgages are loosing money. + +2. In my market the prices seem to be coming down. This would mean that the owners and lending institutions that recently closed will be underwater. + +The thought I had is this combination seems to be risky. It seems like a small number of defaults on recent purchases could cause increased pain as those losses are being covered by losses in "real" terms. + +Just a thought and eager to hear what others think. +**Background:** I am 24F living in NJ/NYC and I want to get the ball rolling on my real estate investing journey. I understand it is a long game and my goal is to have 50 units in the next 10 years and hopefully be cash-flowing around $15k per month. I feel it is doable if I play my cards right. I am currently renting in NYC which I know is a big sunk cost but I am young, all my friends live here, and my job is here. I will likely move out of the city in the next few years after I \*hopefully\* am in a relationship and my other friends start moving out (or I'll just be alone and lonely and get out anyway). I have around $50k in cash and make around $80-110k per year between my main job (software dev) and my side biz. + +I see my options as the following: + +**Option 1:** Start buying SFH rentals out of state (maybe midwest or southeast) where it's more affordable to scale quicker. I would ideally like to pick 1 city and stick with it so I can keep my team of people consolidated. However I understand many of the lower priced, cash flowing properties are going to be in bad areas and appreciate less. Does that make them a bad decision? Lower home prices are attractive because I feel I could diversify more. + +**Option 2:** Try to do BRRR, or flip, or rent etc locally in NJ. My dad is very handy and can do a lot of the work for me. Home prices here are higher though so I am concerned about not being able to scale at the rate that I'd like. NJ taxes also kill. + +**Option 3:** At my family's home, there is a 3 car garage with a large, unfinished loft above it. I was thinking of finishing that off and then renting it out. It could be a good sized 2bed/1.5 bath loft or larger potentially. I'd estimate it could rent for 1200 minimum. Obviously I would need to work these numbers out more to know for sure, but wasn't sure if there was something blatantly wrong (or good) with this idea. I would give part of that cash to my parents for their mortgage, but they already said they wouldn't mind because they never use it anyway. +I decided to boil down my portfolio strategy into 5 commandments. This is a very high level diversification model and broad performance goals. I would really like to hear what you all think and what you might do differently. + +1. Target over 4% yield on cost and over 8% 5 year dividend growth + +2. Covered call ETF can't be more than 10% of total portfolio value + +3. No single stock to be more than 15% of total portfolio value + +4. No single industry over 20% + +5. No single sector over 30% +So I'm 20 and studying finance and international business in college. I have a fair amount of knowledge about the market, enough to understand what is going on but not enough to make nuanced investments with my own money. I've read a few books, browse WSJ/Bloomberg daily, read investopedia and all. + +My dad has given me $50,000 to invest or spend as I wish (he's very wealthy and encourages these sort of things so i get some experience). I'm definitely going to invest it but I really want some advice on how to research a stock, position or a market sector from experienced investors. I don't want to squander the money and don't want to make baseless speculations. + +What research do y'all do before putting your own dollar on the line? + +Cheers and apologizes if it's a repetitive question. +Last month I cashed in on an experiment I started 5 years ago. I read about this idea to save a $5 dollar bill every time you had one on yourself. So I decided to give it a shot and start in August 2012. I never created change with a fiver on purpose nor went out of my way to exchange bills. I just set aside a bill when I came home from work or a night out, slowly adding to the pile and never withdrew. + +Considering I seldom use cash I was curious to see how much would be saved over this period of time. It ended being a bit more than I expected with the final amount of $2285. Not too shabby, might have to start this again sometime. Anyways thought I might share this idea here, not sure if it belonged in r/frugal or not so I apologize in advance if it does. It's a neat little experiment to save money you don't miss. + +https://i.imgur.com/dAN6IBX.jpg + +https://i.imgur.com/kKzthZM.jpg + +Edit: I should add this wasn't meant to be a primary source for savings. I just wanted to see how much liquid I'd amass over the 5 years. I have separate accounts for my personal finances. +I plan to save/invest 200€ per month. +My plan is to diversify as much as possible, not to put 200€ all in one bag (e.g. stocks) but stocks seem to have the highest returns. +Which platform to use? (Revolut, Trading212...) +What to invest in? (Google stocks?) + +Currently my plan is to divide 200€ in 5 different "jars": + +1. 40€ savings for summer vacation (short term - 1 year) +2. 40€ savings for my kid (long term, >10 years) +3. 40€ investments (5-10 years) +4. 40€ investments (short term, trading once per month) +5. 40€ emergency fund + +What do you think? +I was browsing for properties and came across this listing: [.22 acres of "vacant" land in Oakland, CA for $59K](https://www.landflip.com/land/265986). I couldn't find property on the county parcel search website using the parcel number referenced in the pictures. After searching the address online, [I found out its not vacant, but is indeed a SFH](https://www.realtor.com/realestateandhomes-detail/4861-Geranium-Pl_Oakland_CA_94619_M19014-61871). + +&#x200B; + +OK, whatever, I thought. I decided to research the website and company. [It turns out real people have been scammed out of their hard earned $$ by these guys.](https://www.bbb.org/us/ca/encinitas/profile/real-estate/rural-vacant-land-1126-172021318/complaints) + +&#x200B; + +How is this legal, and why aren't these people in jail? It's an obvious scam. +Would the energy suppliers stop providing energy? Would they go bankrupt or withdraw from the UK market? How were they able to afford to keep supplying it until the cap was raised, and how are their price metrics maintained if apparently another imminent increase is necessary? +How much do you think the overall prestige ranking of the college you attended (for undergrad) affected your journey to fatFIRE, if at all? Would love to hear people’s stories regarding the topic. +As many of you, I love seeing lit up buildings or google activity data from our SHF Citadel. Quick upfront: Europoor Ape who likes to make memes, works in emerging technology and studied Philosophy. + +One thing I took away from university is the principle of bottom-up / top-down analysis. If done properly and emotionless, it gives a very clear image of a situation, no matter what opinions, pre-determinations or majority consensus thinks about a situation. So I thought, let's do this together. If you know something to add to the what we know section, we can come up with neutral assumptions. + +&#x200B; + +**What we know:** + +\- GME is a highly shorted stock which made the original shorting thesis of bankrupcy obsolete by raising capital and changing their direction and management team + +\- Assumptions point to a high probability situation in which the stock is multiple times over shorted + +\- Retail is overwhelmingly bullish on GME to a point where price discovery seems to not line up with buying pressure + +\- Citadel is a Market Maker and facilitates almost all retail trades for $GME + +\- Citadel is not a neutral entity: They oppose a bull theory and have gone short a long time ago + +\- Citadel pays various Neo-brokers to gain insights on retail activity, BEFORE they get executed + +\- Citadel is a leader in high frequency trading and essentially built programs that print money on arbitrage in the best case and blatant market manipulation in all others + +\- It has been known that various online platforms and MSM are used as datapoints to create technical analysis "patterns" and front run retail and leave them as the bag holders while profiting from the expected response to the action their HFT bots create + +\- Citadel is much more active with more people present in the office at any given moment than usually + they know we know this + +\- This tactic is USELESS in the example of GME: Buying and Holding a stock, no matter how many traditional sell signals there are, breaks their entire system. Sure, they can drop the price but if nobody to very few execute at these numbers, their gain might be less than their electricity cost + +\- Like it or not: Some of the smartest developers and mathematicians work for Citadel in order to perfect the gold shitting goose that HFT + Retail Manipulation and the ownership of the entire chain of transactions + the rights to naked shorting, is + +\- Our Forum is PUBLIC, now it should stay that way but it comes with benefits and risks: Open flow of information is our secret weapon and Achilles heel: We are way past the stage in which some guys scrape the forum and input some numbers, we got machine learning algos doing that a thousand times a second. + +&#x200B; + +**Ok now lets try to make some assumptions and then prepare for various results:** + +\- Citadels HFT Bots are probably useless and need to be updated + +\- Citadel is well aware of all the information on reddit and twitter readily available to be read by scraping programs and could use this to re-write their algos + +\- Superstonk is a lost cause for them, sure they can try to create dilution of information by having bots spam negative messages but we are basically the die hard GME fanclub and whatever you do, you will not be able to change the opinion of hooligans and ultras' towards their favourite football team + +\- Reddit is much, MUCH more than just Superstonk. And the internet is MUCH more than reddit. There is plenty of narrative and unknowing people to control. + +\- They used to do that, to the point where they basically mock us by putting up their logo in multiple screens on MSM + +&#x200B; + +**Now what could results and motivations of these actions be?** + +\- By playing a long game of controlling our emotions, they want us to feel angry and hateful towards their manipulative behaviour, mentally and financial market-ly + +\- Mainstream is so far on our side but scapegoating isn't a tactic for good will, its a tactic because it used to work, a lot. Human psyche does not change fast, we are very close to our versions 400 years ago. It could work again + +\- Activity at Citadel suggests that they A) lobby for rescue at various parties B) update their bots to counteract our actions by not simply lowering the price but actually giving us mental "floors" only to then break them, multiple times over. Posts suggesting that holding makes people tired is not a direct shill attack, its the result of their indirect attack. We need to be there for our community members feeling stress and anxiety from this insane situation. + +&#x200B; + +**So what can we do about it?** + +**- Detach ourselves emotionally** + +**- Take away any focus or eyes from mainstream media. They win every time we post something about Cramer or Fox News** + +**- Don't make this political** + +**- Don't expect any dates or outcome other than what's certain** + +**- Be above the enemy. If he slaps you on one cheek, you turn the other. If slapping doesn't hurt you, it will break the enemy in the long run** + +**- This is not a game of time: this is a game of persistence** + +&#x200B; + +&#x200B; + +As always: Buy, Hold, be patient + +Please feel free to add anything you think others could find useful to make their own assumptions in the comments. +I came to this sub thinking in the “about” section there would likely be a wiki with a bunch of books or programs to learn about how to invest in real estate, unfortunately I’m not seeing that. + +As this subreddit seems to be predominantly people with experience or properties already, I’d rather return once I’ve already studied up on the principles and basic concepts of real estate investing. + +Would someone mind pointing me in the right direction? +I always hear that railroads and electric companies work best when they’re nationalised. + +What industries do you guys think make most sense to nationalise? What is the reasoning behind nationalizing an industry? +Why does immigration have a positive effect on the economy? Is it just because of differing skillsets between immigrants and natives? Other than that, I would think that everything would scale up and the impact would be neutral. +As the title says 6 months ago my dad is in his 50s and lost his job in a series of layoffs from his previous employer of almost 15+ years. Since then he has applied to 100s of jobs and has heard back from 0. He's done multiple interviews but I suspect that since he's worked the same job for 15+ years they don't always go that well. Previously he was a SDE focused on C++/Java and he's been learning AWS/Python in the past few months to branch into new skillset. He's also tried going through recruiting companies he found via LinkedIn but they have been no help. Does anyone have any suggestions I can give him, or any recruiting agencies that do a good job aligning jobs for his skillset? I'm starting to get really nervous and losing hope that he'll find work and it keeps me up at night. + +EDIT: Thank you so much everyone who commented and provided me with links to job pages and recruiting agencies. I'm going to bundle all this info and call him tonight with a few role opportunities. Thank you so much for this community! +I am very new to this so go easy on me + + +Verizon has a p/e of 12.36 and a Yield of 4.44 + +It is growing steadily and without a doubt has less debt than AT&T its dividend is also much more sustainable. So why does Verizon not have such a cult following like T and is it a good stock? +Lots of discounted cash flow (DCF) analysis here and that makes sense because that is, literally, how you place a value on any economic enterprise. + +To spur discussion, here's a hot take. + +From a value investing standpoint I don't think DCFs are all that great of a tool. + +###Problems with buying based on a DCF: + +a) There is no edge to be gained from plugging well known variables into an easily available spreadsheet anyone on the internet can use. To the extent your estimate varies from the market price, you should probably assume you made an input error, moreso than the market did. + +b) "regression to the mean starts as the analyst lifts their pen" - standard practice of *5 years growth then some terminal multiple* is on-face silly. Why 5 years and not 2 or 4 or 8? *How fast* regression to the mean happens is key. + +c) Really great businesses keep high returns for disproportionate amounts of time and DCFs will undervalue them. + +d) Choosing the terminal growth rate is arbitrary and has a big effect on what the shares are worth. + +e) it gives a false sense of precision and a single value at a single point in time for a business enterprise which by nature is always changing. + +###Some other tools that also aren't that great: + +- The Acquirer's Multiple (EV/EBIT). Tells you how much it costs to buy a dollar of last year's operating earnings, but this screen tends to get you cyclicals at the peak, accounting irregularities, and fatally flawed franchises. + +- PEG. Dividing a P/E ratio (two variables, at a single point in time) by a future growth figure (rate of change) makes no mathematical sense. Also relies on analyst earnings projections that are frequently wrong. It's fine as a quick-and-dirty method to see if you're overpaying for growth or not, but not great as a value tool. + +### What's an alternative? + +I use a free cash flow yield hurdle rate, an idea borrowed from fund manager Terry Smith, who adapted and borrowed from a classic article by [Warren Buffett](https://fortune.com/2011/06/12/buffett-how-inflation-swindles-the-equity-investor-fortune-classics-1977/). + +Imagining you owned the entire company, the free cash flow is how much you could pull out as the owner and still have the business keep functioning. The FCF yield is a %, in cash, that you're making on buying that whole company. + +Calculate it as: + +FCF Yield = FCF / Market Cap + +or + +FCF Yield = (FCF + interest expense) / Enterprise Value + +(If you use EV, it assumes you've paid off all the net debt of the company upon buying it, so the interest expense is added back. I typically use EV for all my ratios where applicable). + +*If the business uses lots of share-based compensation, you may want to take that figure from the cash flow statement and subtract it off from FCF as well.* + +Then, decide on some hurdle rate which should be where, comparably, you could go to make a yield on your money. You might also add a risk premium. This will dictate the **maximum** you would be willing to pay for the shares. They must give you at least that much yield (and preferably, more!) + +Right now due to Fed policy the 10-year treasury is still below where it arguably "should" be so maybe inflate a bit above that. I believe Terry Smith uses 4%. + +Or, you could use the current yield of 2.75% and then add some risk premium to reflect that your money in an equity is volatile. Whatever suits your fancy! + +Then, as you look at the price of a stock, you can compare the yield you make from it against the external measure of investing in a bond instead, and decide if *based on what you know right now* (and without requiring any projections), assuming you got the business and it stayed as it was in the past fiscal year, whether it gives you a comparably reasonable cash return on your investment. + +The wonderful thing about owning a business, though, is that if it's good the FCF yield will continue increasing year after year. A bond doesn't do that. + +If you buy at a 4% FCF yield, and it grows at 5% per year for 5 years, you will own a 5.10% yielding investment. + +Buying at a 3.5% FCF yield growing at 10% for 5 years, you'll then own a yield of 5.64%. + +Buying at a 2.75% FCF yield, growing at 15% for 5 years, you'll then own a yield of 5.53%. + +And so on and so forth. You can toy with the numbers, thinking about how patient you are, how much confidence you have in a high/low growth rate for your business, and so on. But I hope this exercise fully conveys the idea of how important it is to buy at a reasonable FCF yield at your initial purchase - and also, how you can still make a good return, paying a seemingly fairly high price - especially, if your timeframe extends beyond 5 years. + +[Terry Smith explains in this video.](https://www.youtube.com/watch?v=hAX8r5zpdzE) + +### That doesn't mean DCFs are useless... + +...and maybe you should still do them. Or at least, do enough to know what are the variables which will significantly skew the result. You can DCF to back-out the assumptions the market might be making to arrive at a certain price. + +I hope this doesn't come across overly pedantic, and I'm sure the idea of FCF yield is not a new one to most investors here. But, for some extra content aimed at people who might be new, I hope someone finds this helpful. +I've been extremely motivated to increase my salary and have been all over the job market the past couple of months. I found a position at a new company that is an amazing fit for me, plus it would have been approximately a 34% raise. I asked the recruiter for the employee handbook and discovered my health insurance costs would increase about 112% from $163.72 per pay period to $347.35 per pay period (both figures include myself + spouse + child). This increase in costs would have in fact eaten about half of my raise. I've decided to decline the offer and I am instead in the middle of the interview process for a management position at my current company. At most, the pay increase will be 25%. However, the cost of my benefits won't change and I'll get to pocket the entire amount of the raise. Just something to think about. In the event you're leaving your job to take a higher salary, ask to see the employee handbook and cost of benefits before you become too invested. + +Edit: Mathematical error was pointed out and corrected. + +Other specifics to consider: + +* Co-pays and deductibles of plans +* Pension/401k plan/employer match +* Success sharing +* Employee stock purchase program +* Tuition reimbursement +* Commute/drive time +* Work environment/culture +* Will you be happy? +* Will this be good for your career in the long run? +* Any other miscellaneous benefits +This is a psychological game at this point. We like the stock, and the math is telling us that they are fucked. + +Do yourself a huge favour and don't freak out until this starts getting at least into the hundreds of thousands of dollars per share. + +Like they say, if you can't handle me at my squizzle, then you don't deserve me when I squozle, so let's all just put up our feet and enjoy an ice cold Carlsberg, this is just the undercard. + +Edit: I should say, excitement is good, just be in control of your emotions is all. +Jokes aside, with everything that's being going on, we keep hearing about fuel,groceries,CO2 and a million other shortages, and then apparent housing crisis coming, evergrande(a huge Chinese real estate company, that if it collapses will effect the worlds stock market) on the brink of collapse apparently, etc etc. Its all doom and gloom. + +Does anyone think a crash is coming? + +If you think there is a crash coming, what will your strategy or plan be? + +Selling out soon, and buy back in during the crash? + +Just ride it out, time in the market beats timing the market? + +There is no crash coming, stop panicking and shut up? LOL + +The market has all things considered, performed well since March 2020, I personally believe cyclical stocks are going to perform tremendously when we finally break free from the limitations and worry of covid, but I worry(maybe a bit to much) that other factors are going to cause us issues. + +I say all this relatively light hearted and without trying to panic myself or cause panic, i keep hearing all these issues and wonder what the general consensus and thoughts of the community are. + +TIA for replies. + +_I feel like this is within the rules after reading them and seeing other post, I really dont want to get banned, I hope this is OK._ +I was recently re-reading Dave Lauer’s jungle AMA, and the community’s reaction to it. The reaction was very negative, because Dave clearly stated that he thinks MOASS probably won’t happen, and all the reasons why he thinks that. He enumerated the doubts he had, and then received a flurry of attacks accusing him of FUD. + +Now, the point of this post is not to go over all of Dave’s points and argue them one by one. He has some valid concerns, but he’s drawing the wrong conclusion… + +# OF COURSE MOASS IS UNLIKELY, THAT’S THE FUCKING POINT! + +Here’s a list of some of the unlikely things that have happened to get us here: + +* **DFV and the beginning of the GME saga**….if one lone genius didn’t recognize the pattern of abusive short selling that was going on, and figure out how to turn it back on the short sellers, none of us would be here. +* **The existence and survival of Superstonk itself.** This community has faced many existential threats, and has survived them all. Many of you don’t remember or weren’t here for the craziness last summer. The red queen, renshill, and runic glory almost sunk us. The constant assault from bots, shills, and saboteurs has been a battle from the start, and somehow we’re still here. +* **The DRS movement** is utterly remarkable. The odds of it gaining and maintaining the momentum it has over the past 10 months is EXTREMELY UNLIKELY. Especially because we’re not an organized group, there’s no central authority telling apes what to do, and there was no reason for this movement to take off the way it has. +* **The vision and actions of Ryan Cohen.** Where else on earth would you find a guy like this? Any other chairmen out there playing infinite-dimensional chess on a daily basis? The challenges RC faces, and the courage he has in finding creative solutions to them, is unlike anything any executive has ever done before. +* Ever hear of a **Black Swan**? + +*If MOASS were guaranteed to happen, then it wouldn’t be a big play, now would it?* + +*Likelihood* and *inevitability* are not the same thing. Something can be unlikely…and still be inevitable. MOASS is unlikely. MOASS is inevitable. + +# We will have EARNED our tendies because we’re retarded enough to believe in a low probability event happening. + +# We are the ones who read the writing on the Wall. + +# BUY. HODL. DRS! + +🚀🦍💎😂🙌 + +&#x200B; + +**Edit**: Oh crap, this is kinda taking off. I gotta go to work, so please just be civil in here, okay? Don’t make a mess while I’m gone. Be respectful of other’s opinions. Be excellent to each other. + +**Edit 2**: Nooo, stop, I just wrote this while I was pooping. Didn't think this through. Apologies to u/dlauer for throwing him under the bus, that was not my intention. My message is that everything is fucking fine, everyone needs to take a deep breath, be zen, and stay calm. Be patient and compassionate. Solve problems TOGETHER. Listen to Dave's points carefully, don't attack him for saying them, and then calmly do research on how to solve them. BE EVERYTHING THAT OUR FOES ARE NOT! If we are to get our tendies and inherit the responsibility of wealth, we cannot become what we hate. Love one another 🙏💖🕊️ + +**Edit 3**: I love you, Victor. Boom. + +**Edit 4**: For those who have been asking for the AMA link, I won’t provide a direct link for brigading reasons (remember when reddit admin almost shut us down? Pepperidge Farm remembers). However, if you go to Dave’s profile and look under his posts, it’s near the top. (Mods, please tell me if I need to remove this edit - will happily do so without taking down the post) +My father has just gone into a nursing home and I need to sell his house to pay fully-refundable deposit plus daily fees. He is 95yo and I expect (hope) he will enjoy many years there. + +I don't have the exact figures, but we're currently paying approximately $150 a day. By adding $420k frd the daily fees are reduced to approximately $100. + +The house has been valued at $920k. + +I need to invest the remainder in a way that is safe, and so that the daily payments can be withdrawn on a regular basis. + +Any advice and suggestions will be gratefully received. + +EDIT: thanks to everyone for your advice. I've decided to see a financial adviser in a couple of weeks. Your comments have given me some direction and insight into some options I hadn't previously considered. Thanks again. +I see in this subreddit sometimes discussions on kids and the cost of having them. I've always been interested to read what others said, but I knew I wanted kids no matter what so I never felt like I would choose not to have them in favor of retiring earlier. + +Well last year I got pregnant, and now we have a child. Our child has Down Syndrome. + +One unexpected thing for me is that I think this will turn out to be the thing that gets me to FI even faster. My motivation is way higher now. I am motivated to keep buying rental properties. I am motivated to be strategic about my job and plan to start a business. Because I want to provide a life for my child that has every possible opportunity. I want passive income flowing so if something happens to my spouse or me, our child has income. Many people with special needs can't find a job even when they are willing and able to work. If my child wants to start a business, I am determined that I will back them. + +My motivation before was that it would be nice to not answer to anyone and be able to travel and do whatever I want. My motivation now is about a million times more intense. There is no question in my mind I will achieve my goals. +(this is a second half of Pt 1 of the endgame series, find the first half of Pt 1 [here](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/)) + +**Dollar Hegemony** + +Ok, let’s go over this for a second. Let us say you are the President of a country like [**Liberia**](https://en.wikipedia.org/wiki/Liberia), a small West African nation, looking to enter global trade. You go talk to the International Monetary Fund, whose economists tell you in order to be a modern economy you need to have your own currency. Thus, you need a Central Bank to print your own currency (LD), which will be used as [legal tender](https://www.investopedia.com/terms/l/legal-tender.asp), enforced by your government. Your Central bank will act as a lender of last resort for all the commercial and investment banks in your country, and will be responsible for stabilizing monetary policy. + +But, there’s an issue-the economists tell you that you CANNOT have your Central Bank store up your own currency as the majority of its [foreign exchange reserves](https://www.investopedia.com/terms/f/foreign-exchange-reserves.asp). Why? Well, if your currency comes under attack in the global [Forex](https://www.investopedia.com/terms/forex/f/forex-market.asp) markets, you will have to defend it. If your currency trade value is too high, it’s easy to fight- you just print your own currency and buy Euros (EU) or Dollars (USD), flooding the market with your currency and taking other currencies out of the market- “[devaluing your currency](https://www.investopedia.com/terms/d/devaluation.asp#:~:text=Devaluation%20is%20the%20deliberate%20downward%20adjustment%20of%20a%20country%27s%20currency,can%20help%20shrink%20trade%20deficits.)” . + +However, if the inverse is true, and your currency is losing value in the market, printing more to flood the market will only make it worse. You need a stable currency, like bullets in the chamber, to utilize to buy your currency at the market rate, to support its value and drive it back up. This form of currency defense is called “defending the [peg](https://www.investopedia.com/terms/c/currency-peg.asp)” (Post-1971, the peg is floating, so it’s more of a range, but it's still referred to loosely as a peg). + +This exact phenomenon played out during the[ Asian Financial Crisis](https://www.thebalance.com/what-was-the-asian-financial-crisis-1978997) of 1997, a classic case study in global monetary crises. Thailand had grown rapidly as world trade boomed in the 1980s and 90s, and its corporate and real estate sectors took on massive amounts of debt. A massive real estate and financial bubble formed (does this sound familiar)? Soon, the bubble started to pop: + +&#x200B; + +[Thai Financial Crisis](https://preview.redd.it/fbnpc1k7nm671.png?width=777&format=png&auto=webp&s=717ebf418b3ee627e15013c5a3dfab22f9fb8c0a) + +Thailand’s hand was forced, and the Thai Central Bank decided to devalue its currency relative to the US dollar. This development, which followed months of speculative downward pressures on their currency that had substantially depleted Thailand’s official foreign exchange reserves, marked the beginning of a deep financial crisis across much of East Asia. + +In subsequent months, Thailand’s currency, equity, and property markets weakened further as its difficulties evolved into a twin balance-of-payments and banking crisis. Malaysia, the Philippines, and Indonesia also allowed their currencies to weaken substantially in the face of market pressures, with Indonesia gradually falling into a multifaceted financial and political crisis. + +&#x200B; + +[Asian Financial Crisis](https://preview.redd.it/0gh1phi9nm671.png?width=779&format=png&auto=webp&s=454d0bab7fd2d0b8df84b5fc600cb53253319d05) + +As the president of Liberia, you see what can happen when a country, especially a small third-world country, doesn't have enough dollar reserves to defend its own currency. Rippling currency devaluations, inflation, social and political unrest, widening economic inequality- the beginning of a death spiral of a country if you aren’t careful. + +So, you tell the IMF that you agree to their terms. They impress upon you that you need to get your bank to buy up some other stable currency to hold as reserves, to defend against this very scenario. As the US dollar is the World Reserve Currency, you’re going to hold it as the majority of your reserve position. + +We’ve established the need for a small country to hold another currency on their balance sheet. If ONE small country does this, there is little impact on the US Dollar. However, under the current system, virtually [EVERY](https://faisalkhan.com/central-banks/) country has a central bank, and they all use the Dollar as their main reserve currency. This creates MASSIVE buying pressure on Treasuries. Using Liberia as an example, the process works like this: + +&#x200B; + +[Dollar Recycling](https://preview.redd.it/ui054o3bnm671.png?width=806&format=png&auto=webp&s=53c4f55e236b5c840a59a67d974df35b085c294b) + +**THIS** is what French Finance Minister Valéry Giscard d’Estaing meant when during the 1960’s he had contemptuously [called](https://www.brookings.edu/blog/ben-bernanke/2016/01/07/the-dollars-international-role-an-exorbitant-privilege-2/) this benefit the US enjoyed *le privilège exorbitant*, or the “[Exorbitant privilege](https://en.wikipedia.org/wiki/Exorbitant_privilege)”. **He understood that the United States would never face a**[ **Balance of Payments**](https://en.wikipedia.org/wiki/Currency_crisis) **(currency) crisis (\*AS LONG AS THE USD IS THE WORLD RESERVE CURRENCY\*), nor a debt crisis, due to forced buying of Treasuries (from Central Banks) and Dollars (from Petrodollar systeem).** + +**The US could borrow cheaply, spend lavishly, and not pay for it immediately. Instead, the payment for this privilege would build up in the form of debt and dollars overseas, held by foreigners all around the world. One day, the Piper HAS to be paid- but as long as the music is playing, and the punchbowl is out, everyone gets to party, dance & drink to their hearts’ content, and the US can remain the**[ **belle of the ball**](https://www.merriam-webster.com/dictionary/the%20belle%20of%20the%20ball)**.** + +Effectively, the US can print money, and get real goods. This means we can import consumer products for cheap, and the inflation we create gets exported to other countries. (ONE of the reasons why developing countries tend to have higher inflation). [Another way to explain it:](https://whatismoney.info/exporting-inflation/) + +&#x200B; + +[Exporting Inflation, importing goods](https://preview.redd.it/cdv48oqcnm671.png?width=782&format=png&auto=webp&s=919ec0bf7363987a0a9b0454db0fd3e7df5bcf2c) + +As it is the WRC, other countries' Central Banks NEED to have US dollars on their balance sheet. Thus, the US has to run persistent [current account deficits](https://www.investopedia.com/ask/answers/010715/what-difference-between-current-account-deficit-and-trade-deficit.asp) in order to send out more dollars to the global system, on net, than it receives back. A major byproduct is [constant large and increasing trade deficits](https://www.stlouisfed.org/publications/regional-economist/third-quarter-2018/understanding-roots-trade-deficit) for the WRC holder (in a fiat money system). + +This is what is known as [Triffin’s dilemma](https://www.investopedia.com/financial-edge/1011/how-the-triffin-dilemma-affects-currencies.aspx): the WRC is HAS to run constant trade deficits. There are no immediate negative impacts, but in the long run this process is unsustainable, as the WRC country becomes unproductive (ever wonder why US manufacturing left) because the system forces the WRC holder to be a net importer. + +As world trade grows, the current account deficit/trade deficit grows, and the benefits (more goods to the US) and drawbacks (more dollars build up overseas) increase over time. Eventually the imbalance becomes so great that something snaps, just like it did for the [Pound post WWI](https://www.economicshelp.org/blog/5948/economics/uk-economy-in-the-1920s/), where policymakers chose the route of deflation in 1921, creating a Great depression for the UK long before the US ever experienced it. + +&#x200B; + +[US Trade Deficit broken down by Goods\/Services](https://preview.redd.it/pktv0cdfnm671.png?width=812&format=png&auto=webp&s=42ab9b7ea8502e518371bd8dcfc348d65344d040) + +This is why I laughed out loud when I heard Trump rail against our trade deficits in one of the 2016 presidential debates. He clearly did not understand how our system works, and that this issue was beneficial in the short term, but detrimental in the long term. Our trade deficits were symptoms of our system working exactly as intended. + +In fact, a large part of the reason why he was elected was the de-industrialization of the American heartland, where loss of economic vitality from manufacturing jobs was leading to rampant [drug abuse](https://blog.questdiagnostics.com/blog/2019/03/29/id-signs-of-drug-abuse-in-loved-one/), depression, and societal decay. I knew this process of deindustrialization [ would only get worse with time](https://www.politico.com/news/2020/10/06/trump-trade-deficit-426805), and nothing he did (short of taking us off the WRC status) would change that. (Not political, other politicians say the same shit. They just don't understand the very system in which we operate). + +Fast forward to today- After decades of this process playing out, Foreign Central Banks collectively hold huge amounts of Forex reserves, as you can see [below](https://www.visualcapitalist.com/countries-most-foreign-currency-reserves/) where countries are sized depending on their reserves of foreign currency exchange assets: + +&#x200B; + +[Central Banks FX Reserves](https://preview.redd.it/m7vql2rinm671.png?width=780&format=png&auto=webp&s=4adf109f9687378684818d67db55c8f74f9fd92d) + +&#x200B; + +The majority of these [reserves are held in dollars](https://www.cfr.org/backgrounder/dollar-worlds-currency), mainly in the form of [Treasuries, T-bills, and other US government debt](https://fred.stlouisfed.org/series/BOGZ1FL263061130Q). Furthermore, the US Dollar continues to dominate global trade through the [SWIFT](https://www.investopedia.com/articles/personal-finance/050515/how-swift-system-works.asp) network (Society for Worldwide Interbank Financial Telecommunication). SWIFT is a payments system used by multinational banks, institutions, and corporations to settle trade worldwide. + +USD is the preferred payment method within the system, thus forcing other countries to adopt the dollar in international trade. This is one of the results of the petrodollar system we described earlier. Petrodollars originally were exclusively used to refer to oil contracts priced in USD from Saudi Arabia, but over time the name grew to mean any oil contract, transacted by non-US countries, using the US Dollar as the denomination. + +&#x200B; + +[Most FX Reserves in Dollars](https://preview.redd.it/7tyu7klknm671.png?width=693&format=png&auto=webp&s=aefe74220376e881f9d9c0db859d0bca8247c85e) + +When Chile and South Africa trade copper, for example, they have to transact in dollars, because a SWIFT member bank in South Africa will not accept Chilean Pesos as payment, as there is a smaller, less liquid market for it and it doesn't want to take a trading loss when converting to a more usable currency. The contract itself is priced in USD, so if that merchant bank wants to sell it, they can quickly find a buyer. In fact, SWIFT itself published a [report](https://www.swift.com/node/19186#:~:text=The%20US%20dollar%20dominates%20as,regional%20currency%20usage%20in%20value.) in 2014, and found that the USD accounts for almost 80% of all world trade! (see top left) + +&#x200B; + +[Currencies as a &#37; of Trade](https://preview.redd.it/fspge6omnm671.png?width=752&format=png&auto=webp&s=272a005bae77aee91dc1a83b9febdafb20b2dd2c) + +This process is called dollarization, whereby the dollar is used as the medium of exchange for a contract, in place of some other currency, even between non-US trading partners (Iran and China for example). [Dollarization](https://www.investopedia.com/terms/d/dollarization.asp#:~:text=Dollarization%20is%20the%20term%20for,due%20to%20hyperinflation%20or%20instability.) (capital D) of a country occurs when a government switches from managing their own currency to just using the US dollar for trade settlement and tax revenue- like Ecuador, El Salvador, and Panama have [done](https://www.coha.org/examining-the-effects-of-dollarization-on-ecuador/). + + The US Dollar reserves from the petro-dollar system show up on the balance sheets of these overseas financial institutions; they are called [Euro-Dollars](https://www.investopedia.com/terms/e/eurodollar.asp), and these [USD denominated deposits](https://capitalistexploits.at/eurodollar-market-it-all-starts-here/) are not under the jurisdiction of the Treasury or Federal Reserve. If you want to read a brief history of the Euro-dollar market, check out this paper from the Federal Reserve bank of St. Louis [here](https://files.stlouisfed.org/files/htdocs/publications/review/80/06/Eurodollars_Jun_Jul1980.pdf). In 2016, the total value of the Eurodollar Market was estimated to be around [13.83 Trillion](https://www.nedbank.co.za/content/dam/nedbank-crp/reports/Strategy/NeelsAndMehul/2016/September/TheRiseAndFallOfTheEurodollarSystem_160907.pdf). + +Through this process, the United States was able to become the [largest and most dominant military force](https://www.nytimes.com/interactive/2017/03/22/us/is-americas-military-big-enough.html) in the history of man, able to fight simultaneous two-theater wars with overseas supply lines. The Treasury could borrow and spend, unimpeded by the normal constraints of market discipline that were hoisted on other countries. Despite not declaring war since 1941, the US has been in a state of [near-continuous warfare](https://en.wikipedia.org/wiki/List_of_wars_involving_the_United_States). + +&#x200B; + +[American Military Budget](https://preview.redd.it/smw5l4ugg1a71.png?width=822&format=png&auto=webp&s=b6d6d1b94957aa371040c66f188c456f20fa786d) + +At every turn, the US defended this system at all costs, even going so far as to directly invade and occupy the Middle East in the Gulf War in 1991 and the Iraq/Afghanistan War (2001-Present). As a result there are over [800](https://www.politico.com/magazine/story/2015/06/us-military-bases-around-the-world-119321#:~:text=Despite%20recently%20closing%20hundreds%20of,about%2030%20foreign%20bases%20combined.) US military [bases around the world](https://www.todaysmilitary.com/ways-to-serve/bases-around-world), in locales ranging from Turkey to Japan. American institutions like the Senate, Presidency, and Courts were modeled after their Roman antecedents, to the point that the American symbol, the Eagle, is the spitting image of the [Roman Aquila](https://en.wikipedia.org/wiki/Aquila_(Roman)) adorned on the [Standard](https://en.wikipedia.org/wiki/Roman_Empire_Standards) of the centurions. + +&#x200B; + +[Rome](https://preview.redd.it/ig1pp031g1a71.png?width=764&format=png&auto=webp&s=57ff0e910d0707cc6475c8e4c098eab0634b67fc) + +Most scholars tout the story of Rome as a tale of triumphalism; of valiant centurions battling in the steppes of Asia, of brilliant generals laying traps for enemy armies, of scheming senators fighting battles of political intrigue, and of a sophisticated and well-functioning empire that harnessed engineering to create marvels such as the Colosseum and the Roman Aqueducts. [**More sober historians**](https://www.goodreads.com/book/show/19400.The_Decline_and_Fall_of_the_Roman_Empire?from_search=true&from_srp=true&qid=oZSKjoDHpx&rank=1)**, however, point out that the story of Rome is one that also echoes a warning through the annals of history.** + + **A complex society, with mighty political, legal, and financial institutions, supported by a massive military, fell not to a crushing enemy invasion, but to collapse and decay from within. An elite ruling class, detached from the realities of daily life of the citizens, oversaw an empire with growing income inequality, environmental degradation, political corruption, social deterioration, and economic despair, and did nothing to stop it.** + +**The Roman Treasury, facing insurmountable debts from years of fruitless war, started “clipping coins” an early form of currency debasement that led to the Roman denarii losing 25% of it’s value every year. This eventually led to uprisings in Roman provinces and the** [**Sacking of Rome**](https://en.wikipedia.org/wiki/Sack_of_Rome_(410))**- the coup de grace, the final nail in the coffin for what had become the decadent** [**Western Roman empire**](https://en.wikipedia.org/wiki/Fall_of_the_Western_Roman_Empire)**.** + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Smooth Brain Overview: + +* Petrodollars: Oil contracts priced in dollars means foreign companies need to have dollars to buy oil. This creates artificial demand for dollars as companies sell their local currency to buy USD. +* Triffin Dillema: As the US is WRC, other countries' Central banks need USDs. US thus runs deficits to push more $ out to the world to satisfy demand. This means cheap goods in the short term, but debt/dollar buildup overseas long term. Because of this, no country can remain WRC holder forever. +* Eurodollars: Due to the petrodollar system, USDs build up in overseas bank accounts. These dollars are used by SWIFT for most international payments, and are called Eurodollars (due to the fact that most US dollars after WW2 ended up in Europe). The size of this market is roughly $14T. +* Foreign Exchange Reserves: Due to the Triffin Dilemma & structure of WRC system, dollars build up in reserve accounts of foreign central banks. Wanting to earn interest on this cash, CBs invest in treasuries, effectively lending to the US Govt at low interest rate. [$4T of these treasuries](https://fred.stlouisfed.org/series/BOGZ1FL263061130Q) are held by these CBs, and [$2T of these treasuries](https://fred.stlouisfed.org/series/BOGZ1FL263061145Q) are held by private institutions. + +Conclusion: + +If the US loses World Reserve Currency status, two things happen. 1) Foreign central banks start massively dumping their [huge Treasury/Dollar debt positions](https://fred.stlouisfed.org/series/BOGZ1FL263061130Q) and 2) SWIFT member banks who hold USDs for cross-border payments (EuroDollars) decide to dump them as they see the writing on the wall and see the value of their assets decreasing by the day. This is the one of the many [Swords of Damocles](https://idioms.thefreedictionary.com/a+sword+of+Damocles+hangs+over+head) hanging over the global financial system. + + The unraveling of these massive currency positions would truly be catastrophic. Interest rates could effectively jump to +30% or more overnight, creating an immediate solvency crisis for the US Government and most banks, corporations, and state governments who rely on low interest rate borrowing. [DXY](https://en.wikipedia.org/wiki/U.S._Dollar_Index) would be whipsawed violently before being forced downward by massive selling pressure from the Eurodollar market. Other currencies would be pulled higher and then lower in volatile moves matching the worst days of the early Nixon crisis. But, this is only part of the story. We will come back to this later. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Epilogue: + +We’ve gone over a brief history of the Bretton Woods system, and it’s transformation to a complete fiat money system starting in 1971. The US as a World Reserve Currency holder is allowed to borrow almost indefinitely without immediate consequence, but this creates massive amounts of US dollar debts overseas. The last time global creditors started to lose faith in the US dollar, we saw massive inflation, unemployment, and stagnation in the US, in a period of rapid demographic and economic growth in the rest of the world. If creditors become worried again, and signs are showing up that they are (more on this in PT4) the results could be catastrophic. + +# BUY, HODL, BUCKLE UP. + +# >>>>>>>TO BE CONTINUED >>>>>>> PART TWO + +&#x200B; + +**(Adding this to clear up FUD- My argument is for hyperinflation to begin in a few years- this is a years- long PROCESS, and will take a long time to play out. It won't happen tomorrow, but we are in the same situation as Germany after WW1. Hyperinflation is GOOD FOR GME--- DEBT VALUE COLLAPSES, MONEY CHASES ASSETS (EQUITIES) pushing the price UP, so shorts will have to cover) BUY AND HOLD.** + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing) +I currently spend circa $140,000 per year. When I eventually retire, I imagine I can spend much less as I will have time to shop for bargains, do a few more things myself etc. But I'm wondering if that will actually be the case, or other expenses will just replace those. I'm very curious about what the rest of you spend. +Start early, pick small companies and go all in “vigorously” as he put it in 1999, with his $30b now around $100b (so about 300% profit in 20 years). The questions are where are those companies and how someone like me can find them? Talk is easy + +https://www.moneycontrol.com/news/trends/warren-buffetts-1999-advice-on-how-to-invest-10000-is-still-relevant-today-8670271.html +Like other apes I have held through Fidelity, and quite frankly felt confident in the integrity of Fidelity. Friday, was some of the most criminal shit I think I’ve seen since January. What is funny is this entire cycle is just going to continue. I am TIRED of the BLATANT manipulation. So fucking over it, and you should be too. If you are reading this and you have not direct registered, it took 10 minutes of my morning. + +I am open to any DMs from ANYONE that has ANY questions about the process. The transfer is binded to your social security number. The transfer takes two days. There is a .00000001% chance you will miss the MOASS. + +That’s about it, hope everyone has a nice Tuesday. +TLDR: I want the fastest most luxurious SUV that blends into everyday traffic and keeps me “stealth wealth”, is it the Jeep Trackhawk or are there other pareto-efficient SUVs? + +I know I’m being a bit paranoid, but indulge me please :). Everybody here has probably read about an increase in crime in the US and in particular follow-home robberies. Without “blaming the victim” it seems like these crimes target flashy SUVs like Mercedes G Wagons and the like. We have had a couple of these in my neighborhood recently - people followed home from dinner at trendy restaurants after picking up their Mercedes/BMW/Porsche/Tesla from the valet, and then robbed at gunpoint in their driveway. + +So... I want the stealthiest most blending in fat SUV I can get my hands on. Not super old / run down so I draw attention from cops, not flashy so I draw attention from robbers - the most middle ground thing ever. But also really nice inside and fast and fun to drive. + +I remember reading that Carlos Slim was driven around Mexico City in a bulletproof Nissan. One of my co-workers who worked in the Bogota office drove a bulletproof Civic. Those are obviously extreme cases and I don’t need bulletproof anything. Warren Buffett famously drives an older Cadillac, presumably it’s just from the dealership. + +Best I can come up with is the Jeep Trackhawk, with the badging removed and maybe the brake calipers painted gray or black. Nobody needs to know the Grand Cherokee next to them can do 0-60 in 3.5. I’ve also been obviously looking for an excuse to get one. + +I am also thinking about just getting a normal car but that’s way less fun. I think this skews American or Japanese, people get weird ideas about European cars, with the exception of maybe Volvo and VW. + +Thoughts? Thanks as always. +I would like to discuss here some stories about people that either miscalculated their FIRE amount or somehow the market was wrong like FIREing in 2008 and then having -40% of your investment. Did you stick to your plan? How about the stress? +I have saved up about 200k since 2018. I just turned 32. The money is sitting in a savings account. Minimal debt (3k), no kids, no wife, expenses are about 1k monthly in rent and bills. Prior to 2018 I pretty much squandered most of my money traveling (I am a huge F1 fan and attending those cost a pretty penny). I once tried playing around with stocks in 2013/14 made a few bucks here and there, but one day I made a mistake of pouring a lot of money on a CBD stock (they were getting pumped big time and I was a noob) and lost all of it. My trading account was wiped out to a mere $0.94 in a matter of minutes. I still look at that TD account till today as a reminder of some of the dumb stuff I have done. Since then I have been a little scared about investing in the stock market. The good - less stress/anxiety, the bad - I have grown to see TSLA rise from the sub 100s to over 1.6k, bitcoin jump from 250 to 20k, amazon and google from the low 100s to where they are now. The regrets keep eating me alive. But then I keep saying, there's a reason and time for everything. I have become very much comfortable with the fact that in this game, you have to be prepared to lose. That's the mindset that I am going with this time round. I am looking at investing about 100-150k into stocks, ETFs and index funds. I am looking for both long term and short term growth as well as dividend paying ETFs that can average about 300 or more per month. So with all that said, I am humbly asking for opinions from those who are in this game. I have been doing some research for a few months now and I keep seeing a lot of noise about the same stocks and ETFs. Any piece of advice would be greatly appreciated. +**DISCLAIMER: I am not paid by anyone, for anything, other than my day job which has been taking up ALL of my time lately. So before anyone calls me out, I am writing this post because I want to- not because I'm being paid. Superstonk will never be monetized. period.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +One of my biggest concerns is the involvement with our communities on CNBC, FOX and other MSM outlets. I've said this before and I'll say it again: I will never do an interview with those networks unless THEY come to us. When you're interviewing live on their platform, you're often unaware of what the "headline" is saying on your screen. You literally can't see what they're saying about you. Several people will take that "headline" as the "highlight" of the interview, when it's often taken out of context and misleading. Furthermore, they're able to edit and replay those "highlights" throughout the day after the guest has left. + +This LITERALLY happened to me and I wasn't even on the program. When the Mulligan brothers (whom I know personally and have been working with; they're great dudes u/albanak) went onto FOX Business, FOX played the trailer to their documentary before greeting them. In the trailer, I am on record saying *"there are more shares floating around than the company had originally issued".* This points to the true narrative we are trying to address- MARKET MANIPULATION. In fact, the majority of their trailer addresses this fact. The trailer then ends and the Mulligan brothers are greeted by Charles Payne. The narrative throughout the interview then shifts and focuses on how people are suffering from poverty and had almost NOTHING to do with naked short selling. Afterward, FOX posted the interview on their YouTube channel and edited the trailer out of the video. They only showed the parts of the trailer that fit their narrative. + +Here's the [first version](https://youtu.be/ATyHO2mMmfo?t=738) that I found on some dude's livestream. the link starts at 12:18 which marks the beginning of the trailer. + +Now, check out the [edited clip](https://www.youtube.com/watch?v=C73MBeMhfeE) from Fox Business that cut out THEIR story and focused entirely on the poor, poor, retail investor just trying to get by in life. + +Same thing happened to Trey Collins from Trey's Trades. I can't speak a bad word about Trey because he's been fighting for this cause since the very beginning. He also fell victim to the MSM's "headline" which suggested he was *enlisting an army of apes.* I guarantee you, Trey had NO idea this was being shown while he was talking. I immediately tried to clarify this in a [post](https://www.reddit.com/r/Superstonk/comments/o0jdeh/important_we_are_not_enlisting_anyone_saying_sht/) because that's the same type of sh\*t that will start circulating and end up as evidence of market manipulation. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +This is why I ONLY do livestreams that are controlled by APES: you can talk about the topics as they come to mind, without being confined to a narrative. With that being said, I decided to jump on AndrewMoMoney's channel earlier today (here's the [video](https://www.youtube.com/watch?v=h4VH7kVyc28)) but his internet kept cutting out, so I'll be going back on tomorrow @ market open to discuss more about the shifting narrative on MSM. Andrew is a friend of mine and we talk frequently offline. This is an issue he has also wanted to bring attention to and it's a very good opportunity for both of us to do so. + +In addition, I'll be throwing out some opinions on a few interesting posts that have come up in the r/Superstonk community, such as: + +1. RRP & potential connections with share lending +2. Issues with Reddit +3. Inflation +4. Availability of information to retail investors + +Now that the sub has reached almost 500k members (F\*CK yeah), it's important for us to rehash these concepts that are frequently forgotten. +This just shows technical analysis means absolutely nothing in crypto. + +Like the famous saying "no one knows shit about fuck" + +I still see this year as an absolute win. Ethereum was less than $1k a year ago... Look how well it's done. + +Ethereum's future is bright but technical analysis means shit. +I know, I know, we all *wish* we would have purchased more ETH at $7 (or $20) when we had the chance. + +Stop beating yourself up. + +When you first purchased, you likely calculated your buys based on an amount of money you felt like you could lose without ruining your life(style). Now we're likely trading much higher. That doesn't mean you didn't invest enough. That just means that your hindsight is 20/20. Had a catastrophic bug taken down the platform and you lost it all, you would be wishing you hadn't invested as much. + +Be happy where you are. We're all still very early to this platform and could still potentially lose everything we have invested in it. Hold on tight and quit selling. :) + +Love you all. +Noob here guys, what do you think will happen Monday when the SEC senate hearing about crypto will do to the market? Do you guys think getting into ETH after it would be a wiser choice than getting into it now? + +Much appreciated people! + +MIT has uploaded this course for free and is a really great resource for anyone interested in learning more. It’s even good if you have a solid understanding of the blockchain. I really recommend you check it out! + +https://ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/video-lectures/ + + +I’ve only gotten through the first few videos but I’ve already learned a lot. The first lecture is great to show people who are just dipping their toes in the water (if they don’t fall asleep from lectures). + +Cheers! +The ETF's that have been pushed hardest on this subreddit are the one's tanking the hardest. + +Just funny the way things work. People follow the crowd (ETF's already up 100%), but fail to be forward thinking and invest in the next 100% ETF. + +ARK + +ICLN + +QCLN + +LIT + +PBW + +TAN + +YOLO + +LIT + +ESPO + +HERO + +CLOU +My girlfriend works for a "high end" restaurant here in Chicago and she received a check like 3-4 weeks ago and the check bounced so her bank charged her a fee. This happened to everyone at the job. So they got another check 1 week ago and it bounced again + the fee. She is broke although i am helping pay for her stuff for now until we get this sorted out. What are her legal options? She just wants her money. Can she sue and win? +JNJ stock is basically trading at all time highs right now. It has done 6 stock splits throughout its history. They had 2 three for ones and 4 two for ones. The first occurred when their price was hovering around $160 a share. The other 5 all occurred when their price was hovering around the $100.00 range. The past shows that JNJ is interested in keeping their stock affordable and cheap like Apple. If history shows and data shows something it looks like we are overdue for one. I am curious about other peoples thoughts on whether or not the company will do one again. Or if you guys are not interested in stock split at all. Me personally I would like to see one so I could accumulate more shares. I know what your thinking “just buy fractional shares!” I use TD Ameritrade so thats not an option. Either way I would like to hear your thoughts on it. +I’m doing a project with a California company but I don’t want to file a tax return to the state of California. I moved away from that state years ago and for both ideological and paperwork reasons I don’t want to deal with the CA tax system. + +I have a contract job for like 15,000 USD. If I take the money myself I’m only getting half of it so I’m already planning to donate it all to my fav charity anyway. Do you think it’s weird or douchey to just ask the company to donate my fees and send me a receipt so I don’t need to worry about filing in CA? + +Edit for clarity: I realized over 1M in capital gains this year and don’t want to expose that to the potential that California decides I’m still a resident of CA. I haven’t lived there for 3 years but from what I understand CA is aggressive and I don’t want to be in a position to argue about this. +It’s a constant occurrence to see people freaking out when a coin starts pumping, and they aren’t in it, and the coins start dumping and they want to sell it. + +Youtubers are constantly saying “this is just FUD”, and “the Bull market is not over”, and “Buy the dip”. But the problem is that A LOT of the FUD that newcomers feel, actually come from the crappy Youtubers, with their shitty “😱😱🚀🚀🚀🌕🌕📈📈📉📉” thumbnails. + +Imagine you finally bought some Bitcoin, maybe you bought it at 60k, and you see the market going 10% down. You invested in crypto, and it’s your first experience with volatility. + +You go to YouTube, and your homepage is now flooded with “THE MARKET IS TANKING 😱😱😱😱😱💥💥💥” “BITCOIN BEAR MARKET”. + +How do you think this would make you feel if you just came to the cryptocurrency market? I personally would feel a lot of fear, and try to cut my losses, as I wouldn’t know what any of this meant. Now I take a loss, and the market starts going up, and then I buy...and the cycle continues. It’s the meme of buy high, sell low...but although it is a joke, it does happen to a lot of people. + +We need to help the people that feel this way, by giving them reassurance. By not letting their emotions take over. I try to do this on the daily discussion, and maybe if you read this far, you could also jump in sometimes. + +Hope everyone has a lovely weekend! +i took out a $10k loan at 18 years old. i then refinanced that loan at 21 and thought “since i’m refinancing, why not tack an extra $10k on?” + +i was an absolute idiot, but really got my shit together at 25; got my license, bought a car with my savings, only had $8k to go on my loan. + +then i was in a bad car accident. i didn’t know what to do. i was 1,000km from home in a rural town with no accommodation. i ended up refinancing my loan because i had no idea what it would cost to repair my car. i immediately put the excess funds back into my personal loan. + +finally, the pandemic hit. i was surviving on account overdraws and maxed out my loan again. + +i’ve currently got a balance of -$15,500 and a variable interest rate of 12.99%. i pay an average of $550 per month + an additional $200 - $400 where i can. + +does anyone have any advice about how i can get out of this loan quicker? the interest is destroying me. are there any alternatives i should be considering? + +edit: just want to say thank you to everyone for being so kind and understanding. i’m extremely embarrassed about my financial situation, so i appreciate your helpful advice. +Just read the thread about the Hargreaves Lansdown survey, indicating that millennials are overoptimistic about their retirement date. It would be interesting to know if you think you're on track for your retirement; how old are you, how much is in your pension pot, when do you plan to retire and do you think your pot will be enough to sustain you in retirement? +Hi all, +I’m not sure if this type of post is allowed, so please delete if necessary. I could use some support and guidance, after what feels like a devastating few weeks. + +Just a few weeks ago, before this chop, I was flying high as I’m sure many others were. I had accumulated some healthy options winnings, over the last several weeks and felt like I was in a good place to hold my ITM calls with May DTEs. I was strategic about my buys, and many were very much green. Some 100%+. + +The first red day sucked, but I told myself it was a healthy pullback. Buy the dip is a common mantra and it’s what i did. And here’s where I just don’t understand what the hell happened to me. Red days started piling up and I just held. Telling myself that the rebound was around the corner and I had until May, July, and Jan 2022. Convincing myself that the worst was behind us. 3 red days turned into 4, 5, and the next thing I know I’m down all my gains. You’d think I’d sell right? No fucking way. A slew of monster green days was just around the corner. Finally, after last Friday I sold all of my May calls, and held my July and Jan 2022 calls. Both red now... (ARKK 1/22 $97c -$50 &amp;amp; ARKG 7/16 $94c -$3,699) My ARKK I was up $2k now down $50, my ARKG I was up $500 and now down almost $3700. Since ARKG has a few months left, I feel like I have to give them more time, but this is fucking stupid I know... + +So here I sit, lost all of my gains. I’m -25% overall on my account. My wife doesn’t know, and I want to scream. It’s like I just sat back and watched as the world burned and did nothing about it. Which is weird since I normally respect my stops. + +Those of you who blew up your accounts, how did you get back on the horse? How did you handle the humiliation? I know I need to take a step back, but I’m still holding these stupid call options. Someone please kick me in the ass. + +Thanks for listening. + +Edit: thanks everyone for the advice and encouraging words. I truly appreciate it. I realize I’m handling this like a little bitch, but it stings and there’s some value in community and sharing. Especially during these times of isolation. This situation will certainly lead to some self-reflection of my own human faults. My emotional relationship and emotions around money, my inaction during times of distress, fallacies and biases that cloud my judgement and decision making, and my overall emotional state when things are stressful in the market all require some in-depth analysis. All I know is that I can’t and won’t quit. I’ve come too far to just give up. I will step back for a few days/weeks and develop a strategy to recoup my losses. Whether it’s selling theta or just holding boomer commons, I’ll figure this shit out. Someway somehow. Thanks again ✌🏼 +Been lurking for 9 months. Many interesting topics so thanks to all the posters. I’m at a crossroads. What would you do if you were me? + +40 yrs old. Married. 4 kids. Live in FL. Finance. 25mm net worth ... $5mm house and $20mm of investments. Make about 2-2.5mm per year (pre tax). Spend about $400k per year on living expenses. Feeling super burned out with work. Business is tough. Would you suck it up since the money is good or walk away since life is short and savings are already healthy? Thank you. +Lets make a few things clear. + +First of all, market bubbles don't last weeks. Dotcom lasted 3 years and had a market cap of 2 trillion dollars, ONLY coming from the stock market. Crypto is open to everyone, all around the world (not just the United States) and is much easier to invest in than the stock market for the average Joe. + +The hype started about 5 weeks ago. Yes we had good news from the EEA, but that alone won't create hyper speculation- which hasn't started YET. There are events that are coming that will definitely bring us above the 1000$ per ETH price. Events such as Raiden, Metropolis, Sharding, more ICOs, countries actually starting to produce their own cryptos and much much more that we are not aware yet. Once we surpass btc market cap, a lot of capital will pour in thanks to media hype and much more. The bubble will only start when we become as popular as bitcoin to the average citizen. You can compare google graphs and see by yourself that we are not close to the same hype that bitcoin has gotten from the previous years. + +Beside, we have much much more fundamentals than any other crypto. Don't forget that ethereum is not a stock issuing company, so the price per ether is not valued depending on how much money Ethereum generates or by how much it will generate, its a completely new concept that we have yet to adapt to. This is not the US stock market, this is international. So a 1-2 trillion market cap for crypto is not only "possible" but even probable. Hell, we are only 40k subs in ethtrader and the hype is only starting yet. Be patient ans you won't regret. + +This is coming from somebody who has been through the 2013 bitcoin crash- and everything is different now. + +To add, yes there will be corrections, don't get me wrong. It's possible and hell, even NORMAL, to see 20-30% corrections in crypto but it's also easy to get back to previous levels. All in all, the demand for ether is only projected to increase in the following months. So be smart, don't panic, stay rational and enjoy this opportunity. Take sometime off the screen once in a while and think about other things. + +This is addressing to the newer people in crypto especially + Moon bud is a fully community owned token, with plans to push its holders through the best bull run experience possible while helping thousands of animals in need. All liquidity is locked for a year and contract ownership is renounced. + +With only 3 days on the market, moonbud is already breaching 4,000 holders and nearly half a million has been raised for animals in need. Not a single token can prove to have such a strong dedicated community that is capable of raising hundreds of thousands of dollars in mere days. Moonbud also has announced in their telegram they have a **2 MILLION follower** tiktok account featuring them today. + +Today was a turbulent day for $MBUD, with the top whale getting rid of his entire stack, the community pooled together and proved its strength was not a force to be reckoned with, eating the entire dip in a matter of 20 minutes. Eating such a large dip is unheard of in a microcap coin. Now in light of future growth, the moonbud team has hinted and discussed a number of **parabolic catalysts** in stock for the next few days. + +There have been small hints and rumors' floating around of the **BBC,** yes you heard that right, the **British Broadcasting Network featuring moonbud** on their network for generating the largest total crypto donations to ever be recorded. If this doesn’t **scream** ride to 100M-1B mcap +, then nothing does. In addition to such groundbreaking coverage $MBUD also plans on: + +1. Release of audit in the next few days +2. New, professional grade website next week +3. CG and CMC applied - listing as soon as possible +4. Charity drives every weekend starting next weekend - always SIX FIGURE donations +5. Rumors' of top tier NFT’s being released +6. Governance Dapp + +With all these huge things in the pipeline and more raised for charity then any other project has before, moonbud is still a microcap. There is nothing that screams **BULLISH** more than a microcap bridging the gap between real world and crypto by presenting hundreds of thousands to charities in real life, (**developers will be doxxed**) not to mention shattering **world record donations.** + +Moonbud is also hosting a 500,000 MBUD giveaway,(few thousand USD) all you have to do is follow the instructions of this twitter post: [https://twitter.com/MoonBud\_Coin/status/1385385852923269122](https://twitter.com/MoonBud_Coin/status/1385385852923269122) + +$500 USD is also offered to the best Moonbud tiktok using #MBUD and #moonbud. + +I know I have my bags packed and ready to go. + +Links: + +Pancakeswap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Chart: [https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Website(v2 next week): [https://www.moonbud.space/](https://www.moonbud.space/) + +Telegram: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) + +Twitter: [https://twitter.com/MoonBud\_Coin](https://twitter.com/MoonBud_Coin) + +Bscscan: [https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Subreddit: [r/moonbud](https://www.reddit.com/r/moonbud/) + +Note: If it says “price impact too high” on pancake swap you must click the “v1 old” button on pancakeswap +Moass is inevitable. All you have to do is buy, DRS, hodl. That's it. + +How much simpler could it be? I been in GME before this sub existed, when we were on the 3 letter sub and before that when we were on the wellstreet sub. The one thing I know is every week or 2 theres some new drama / fud or something. + +Recently it was the CS limit order ordeal. This is 10000% psychological warfare. The stock has been manipulated down so many times on big news days. Ask yourself why? You know retail isnt selling, you know insiders are buying. You see the buy/sell on fidelity daily for over a year is always like 90/10 or higher. + +So stock split comes. What do I expect? I, an OG ape, expect a decent dip and news about GME being down crazy % post split. Does it bother me one bit? Not at all, I know its a mind game. They trying to break our spirits. I see a lot of you are easily affected by these games they play. That's their goal. Instill that doubt in you which will grow to fear. Break the sub. Make people argue. + +It literally does not matter if the stock goes to $1 tomorrow. That would only help us lock the float very quickly. Just be zen. We can hodl longer than they can pay to kick the can. +So I don’t know about the rest of you, but this past year I’ve watched a ton of my friends flip into work from home forever jobs. And while they might have to run out to a meeting once in a while in person, they’ve realized most of their job doesn’t require an office to be done. Some of them have also realized, if you’re self-employed, depending on where you are, you may be able to write off your mortgage or rent on taxes. + +As someone who used to work in recruiting, a business riddled with corporate overlords sucking the blood out of their employees for little more than basic administration, I’m quite used to explaining to people that their current bosses aren’t treating them right and that they deserve more. + +Which they do, since they’re the ones actually doing the work. So while we never stop talking about automation replacing labor, how about automation replacing my once bloated recruiting department and the bosses skimming the margins off the top? + +**Work Quest** is a company cut in the mold of traditional business killers like **Fiverr** and **Upwork.** By bringing freelancing to your fingertips, these companies have put developed countries to be on track to have **more freelancers than full-time workers** ***in potentially less than ten years.*** + +And while of course those massive international companies in Fiverr and Upwork are dominating the market, it’s not hard to imagine how utilizing the trustless ledger of the blockchain will become essential as we scale their operations up, with both companies and freelancers looking toward the platforms that take the least of their money. + +Now check this out, search for some competitors. **Argon, which is at a $55M circulating cap, is out there, but they’re on BSC**. For Ethereum, no one’s really stepped up. Ethlance got a lot of attention but then disappeared. Bounty0x is still alive at a $2M cap, but just hasn’t found a way to get any traction in its four years of existence. + +You could try to blame the market but when Argon is clearly picking up so much speed and MATIC is available to handle gas fee concerns, the onus falls on the dev and marketing teams. + +And that’s where Work Quest separates itself. **Their public team and advisors are loaded with experience both in DeFi and traditional finance** and this is certainly not their first business or project. The presentation on the website is top-notch cemented by this [promotional video](https://www.youtube.com/watch?v=Ii2e9lu2KuI). + +If you had any doubt that Work Quest is for real, that should be right out the window by now. Beyond a steady hand at the wheel, they’re already forward thinking, developing expansions to their platform such as **P2P insurance and a retirement savings plan**. These are ingenious solutions to the potential fallout of a freelancer-based society and shows how quickly this team can get attention and gain traction. + +But really, no one does a better job of presenting themselves than Work Quest, a company that understands how to grow this business and take advantage of a market looking for answers after they’ve been working from home for so long. Just scroll down their [frontpage](https://workquest.co/), and make sure you catch the partners and road map at the end, it’s quite impressive. + +So how early are you on this one? Well, they released the token for public sale… **today**. Like just now. So yeah, if you wanna cash in on this token that **just listed at a sub $1M cap**, I’d probably just go pick some up right now. Link below: + +&#x200B; + +Website - [https://workquest.co/](https://workquest.co/) + +Uniswap - [https://app.uniswap.org/#/swap?outputCurrency=0x06677dc4fe12d3ba3c7ccfd0df8cd45e4d4095bf](https://app.uniswap.org/#/swap?outputCurrency=0x06677dc4fe12d3ba3c7ccfd0df8cd45e4d4095bf) + +Dextools - [https://www.dextools.io/app/uniswap/pair-explorer/0xf1fe852fca1b5a869ef1fe06a2799e1f38b70b84](https://www.dextools.io/app/uniswap/pair-explorer/0xf1fe852fca1b5a869ef1fe06a2799e1f38b70b84) + +Medium - [https://workquest.medium.com/](https://workquest.medium.com/) +Just trying out the **new polling feature** that is exclusive to our community! Remember to switch to the new Reddit design if you want to try it out. + +&#x200B; + +This question is gauging community consensus on what they believe is the best stablecoin available today. The options may not be complete, please bear with me. If you have one that I missed, post it in the comments. + +&#x200B; + +&#x200B; + +**Question: What is your preferred stablecoin? (You can say why in the comments)** + +[View Poll](https://www.reddit.com/poll/9om1hb) +Let’s avoid the political topic…as everyone saw over the last 5 years it has the ability to tear families apart. + +Let’s put that aside and focus on the MOASS. + +If the sub starts going down the political route we are doomed. + +For all we know Shitadel et al. only offered money to certain party Congressman to create the divide in apes. + +Think about it. What better way to destroy the camaraderie among apes than to make the MOASS and GameStop political. It’s their last ditch effort that we would never see coming. + +Ape don’t fight ape has never needed to be remembered more than right now. This is a divide and conquer tactic and a massive trap for 🦧. + +Be Smart. Don’t fall into the political trap. + +🙌💎🦧🚀🌚 + +Edit: for those apes that have interpreted my post to mean something different than I had intended. + +Politicians should be exposed. period. It was the partisan debate that started forming that we all know leads to know where. + +The “political trap” that I reference is the divide that natural happens when people start infighting and not realizing that politicians want us to do exactly that. Fight amongst ourselves. + +Let’s not do that. The prize is the MOASS. + +Stay vigilant and focus on the common thread of why we are all here. +As a 16 year old I am lucky enough to be able to invest 300$ a month. These go into 25-30 different stocks and about 6 index funds (all based around dividends). Is this enough or should I hold off until I can invest more? And what are some good dividend stocks besides classics like Coca Cola, Sphd and Schd? +Welcome to the Daily General 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 meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search page.** + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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. + +*** + +Thank you in advance for your participation. Enjoy! + +Hello everyone, I grew up in poverty and continue to live in poverty to this day. (For reference, I am 20 years old). A large part of the problem is that my dad is not around (and does not contribute financially), and was not around growing up - so that left my mum to raise 3 children on her own. I didn't realise until recently that she earns less than £10,000 a year - I thought she was on £20,000 minimum, so she has made a lot of sacrifices so that my brothers and I could live a life (for the most part) unaware of her financial worries. She has always been quite stressed and would get annoyed over the smallest things (like dirty dishes in the sink) but I never realised that this was due to financial reasons (because I didn't realise how bad our finances are). + +Right now, I'm out of work, although I have worked since leaving secondary school in basic, low skill jobs (mainly warehousing). I got good GCSE grades but dropped out of A levels for several reasons. I've enrolled on a course to gain a foundation certificate in accounting (AAT Level 2) and GCSE maths to improve my grade (I got a B all those years back and since I'm thinking of doing A-levels next year and the college asks for an A grade (level 7) as a minimum requirement, I figure it makes sense to do it). Because I'm poor, both are free or subsidised. + +College is only part-time so I'm thinking of getting a job. I would like to work full time as this would allow me to support my family the most. I'm also looking at volunteering as it interests me. The issue is that volunteering and working would clash (volunteering would be 1-2 days a week, one day in the week and one day on the weekend potentially) but I would assume that a workplace would not let me take days off to volunteer. So I'm thinking that my best option would be to work part-time but this would be a problem because I would not be earning much. + +I suppose that what I'm asking you is what I should do with my life, and how I can help my family. Is it worth going to college for a few years to improve my earning potential or should I just stick with low skill jobs and be happy about it? + +My current plan +Year 1: + +- College AAT Level 2 & GCSE Maths + +- Volunteer for a couple of organisation + +- Improve fitness and try to join army/ RAF reserves for an HR/ Accounting role + +- Work part-time + +- Support my mum by giving her as much money as I can afford, whilst still trying to save some money for the future - I'm thinking of putting some of my earnings into an S&S ISA or LISA. + +Years 2 & 3: + +- College for AAT level 3 OR A-levels (I've heard that the army will pay for you to do A-levels, so I'm thinking that I should do the AAT level 3 and join the army after completing the course and do A levels through the army) + +- Continue to work part-time, volunteer and support my mum. + +How does this plan sound? +I'm sorry if this isn't the right sub for this, but I don't know where else to ask it. + +I work for a relatively large retail company in Australia which I've just learned will likely be liquidated within the next year or so due to unethical practices. + +I've worked there almost a decade now and have accrued quite a substantial amount of leave. + +My understanding is that if I leave on regular terms or am fired, this is to be paid out in full. + +Should I be worried if this company is headed towards potentially shutting down / being liquidated? + +Surely if this ends up happening they will no longer be obliged to pay me any benefits otherwise owed. + +Has anyone been in a similar situation or have any general knowledge on this topic? + +**tl;dr:** I have 8-10k worth of annual leave accrued with my employer. They're likely being liquidated within year. What should I do to ensure I'm paid these benefits? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + 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! + +After i got banned on CryptoMoonShots for no valid reason, I am currently posting on NextMoonShots instead : https://www.reddit.com/r/NextMoonShots/ + +---- + +I have been putting money in shitcoins since some time, i have so far put money in around 100+ shitcoins both on BSC and in Ethereum. Here's my observation so far: + +- Everyone in it for the quick money, thus be open to losing your money. + +- Get in early, with a small amount, no need to be a whale: I put less than 100$ in one coin when it barely had 1000 holder, now it made me 100x + +- Copycats, mostly avoid, if you put money in some shitcoin like safemoon/Hoge early on then you would be happy, but all the copycats are not worth a dime, all the safe-something that popped up after safemoon, all of them had made me lose money (invested in most of them-unless i missed some). + +- Rugpull is not the only issue, developers dumping is the bigger issue. When you see the early 5-10 holders dumping in huge quantities, it means pump and dump. +Dev is usually behind the few addresses that buy cheap at first. + +- More scams on BSC than on Ethereum, mainly due to cheaper costs to deploy and create a liquidity pool, thus if a scam does not pick up the scammer is only losing few bucks, while on ethereum would cost him 200-300$ + +- 10x loss is the standard, expect that the coin would drop 10x within few days from launch, with few exceptions. + +- Early investors are the enemy, many flock to these coins to make a quick buck, even if the dev have the best intentions. The early investors buy in insane quantities for very very cheap, then when demand picks up, they dump to make a quick buck. These dumps kill momentum, and few shitcoins recover. + +From my 100+ shitcoins: + +- 2 went 100x + +- ~10 went 2 to10x + +- ~10 same price or small loss + +- ~20 discount 50-70% + +- Rest 10x to 100x price drop (dropped to 10% [-90%] to 1% [-99%] initial investment) + + +Hope this will be helpful, i will still put money in shitcoins if early on or they have a nice idea. + +due to requests : +i have created a telegram channel to post about shitcoins and scam i invest in, link: +https://t.me/shitcoinsalert +something like this feasible for us? We are getting overrun here. I’ll also say that I’m sure this posted will get downvoted like crazy and probably get plenty of comments in the first few minutes calling ME a shill, or saying stop censoring , etc. but surely you can see we are overrun at this point , no? Thank you in advance for your help in this matter ! +- a concerned ape. +something like this feasible for us? We are getting overrun here. I’ll also say that I’m sure this posted will get downvoted like crazy and probably get plenty of comments in the first few minutes calling ME a shill, or saying stop censoring , etc. but surely you can see we are overrun at this point , no? Thank you in advance for your help in this matter ! +- a concerned ape. +ELONPEG has been tearing up the chart, just about 2,500 holders but \~$9m cap with steady day over day growth, and of course STEADY BURN because Elon can’t help but tweet. This token was launched as a hedge against the tweets we’ve all come to love and hate with a super unique deflationary model: WE PEG ELON. + +WTF is Pegging??? In crypto, pegging a token is when you tie the value of one token somehow to events outside the blockchain. USDT is pegged to the US Dollar, WETH on BSC is pegged to ETH on Ethereum, etc. So here’s what we did: We pegged Elon. This means every time Elon tweets, our system of APIs and smart contracts AUTO-BURN supply, resulting in reflections for holders and mass amounts to burn. So far he’s burned through over $1.5m in ELONPEG with tweets, and you know he can’t stop! See what we mean here: imgur.com/a/cKxm4DE + +MASSIVE marketing every minute since launch between ads, influencers, had a great recorded voice AMA with the devs and will do plenty more to come, locked liquidity,just listed on CoinGecko, CMC still on the way, about 20 hours a day of founder interaction, and limitless potential with amazing tokenomics and automations! + +If you’d rather check out our site than hear me talk: elonpeg.com + +&#x200B; + +🔥 Tokenomics + +\- 9% tax on every transaction: 3% to holders, 3% to liquidity, 3% to marketing, events, and carbon offsetting. + +\- 1 Trillion total supply, 500Bn has been sent to the BurnUponTweeting contract, which we call the BURN VAULT. + +\- The Burn Upon Tweeting contract (which was audited along with the token) started with half the total supply. Every time Elon tweets, our APIs fire and call the ElonTweeted method which burns 0.5% of the burn vault supply. ELONPEG in the vault remains in circulation as long as Elon keeps tweeting due to the reflections generated. + +\- Further automations blast the message on our TG and Twitter, check out a recent one here! Every Elon tweet creates MAJOR HYPE as we watch the reflections roll in and the burn happen automatically. + +&#x200B; + +BurnUponTweeting was also extensively tested in Testnet. The process goes something like this: Elon Tweets are picked up within minutes, activating the vault code that burns the required amount, then stores the tweet ID in the burn tx record event logs, and then sends alerts to the Telegram channel and Twitter, fully automated, every time, within moments of tweeting. + +&#x200B; + +🪐 WEN MARKETING? + +We’ve got ads on PooCoin, multiple videos and posts up on Twitter, TikTok, and Insta, and a rotation of influencers worldwide ready to go. CoinGecko just listed. This project is still VERY young and primed for liftoff! + +On top of this, the devs are SUPER responsive and our TG chat is lively. Come on in, ask questions, share memes, get involved. We have our ShillX group earning ELONPEG with outreach and awareness campaigns. + +I haven’t been this hyped up in a long time, the economic model is new and unique, the integrations are automated and secure, this is a TRULY unique and innovative token that is going to blast off. + +&#x200B; + +Website: [elonpeg.com](https://elonpeg.com) + +Telegram: [t.me/elonpeg](https://t.me/elonpeg) + +Twitter: [twitter.com/elonpeg](https://twitter.com/elonpeg) + +Contract: 0xc18994df2dfd0c2767bb1758bae83e95762bbea3 + +BurnUponTweeting: 0xb016de73a65eef0c7d2f0a7bf236803e637e655d + +Pancake Swap: [exchange.pancakeswap.finance/#/swap?outputCurrency=0xC18994df2Dfd0C2767bB1758bAe83e95762bBea3](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xC18994df2Dfd0C2767bB1758bAe83e95762bBea3) + +BSCScan Explorer: bscscan.com/token/0xc18994df2dfd0c2767bb1758bae83e95762bbea3 +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + 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! + +Throwaway account. I am looking for advice. + +Husband/Wife in FAANGM, mid 40s. NW \~11m, excluding real estate equity, std plain vanilla index fund investing. Wife doing better than husband, career wise. For 2+ decades, we worked our ass off and were lucky all along in terms of family-health, opportunities and other externalities, never expected to come close to half of where we are - and here we are. I have done yearly expense accounting for last 3-4 years and are around \~120k - seems like we may be set for FIRE with SWR 2.5%. We are frugal but the expense may only slightly increase(if we retire and travel). We are perhaps in the peak earning years and suddenly I have lost the zeal and motivation to get ahead at work. I question everything i do, why? what's the purpose? Work is ok and it only seems like a filler, not a purposeful thing. + +We seem to be misfits in terms of our neighbors and peers, while in the same high tech industry. For example - people don't realize value of 529 planning, HSA, mega-backdoor roth or even regular roth(just barely get Roth). Most of these folks seem to find identity, validation from mega-corp work they do. To imagine that - what if they won't be working(be unable to, or by choice or not necessary) is incomprehensible. Everyone says - they will work at least for 7-10 years more - not sure if it's greed, or lack of previous planning/saving or a vacuum that they can't fill. + +What we did "wrong" + +* We barely smelled roses along the way. I regret this already. There was no need to rush to get to the FIRE destination. +* Slower journey would have kept the zeal and more time to find items to do. +* Not having cultivated any hobbies. I am struggling now. Looking for suggestions here. + +One motivational idea I am considering is to work at where i am, and contribute the next 6mo earning to charit(ies) via DAF. + +To the fatFIREd folks, - when do you get the inside "feel" to hangup? Do you wait until you have cultivated all the hobbies or other activities you plan to do later? What is the mindset evolution that happens around/after FIRE? +The events of the recent week have highlighted issues that i have never considered, hence i have begun to re-evaluate my broker (Even if i was not personally affected by the buying freezes). + +As such i am looking for a EU-based broker that matches the services provided by Fidelity in the US. Thus, in addition to low fees, small spreads, decent margin etc. also have the following: + +\- In house clearing function. + +\- Does NOT limit my buy/sell orders. My current broker (Nordnet) has a 10% limit of last recorded market price. + +\- Has a securities lending scheme where the investor earns incremental income from shortsellers' loan of my stocks. Or atleast does not loan out my stocks by default. + +&#x200B; + +EDIT: After much research i have generally come to the conclusion that no EU-based broker can tick all these boxes. However, Schwab seems to have in-house clearing and offers a securities lending scheme, but their margin rate and trading fees are not optimal and seemingly requires a large deposit. Further, having included additional parameters such as trading fees, margin rates, etc. i have decided to switch to Degiro from Nordnet. +I've been looking to start investing (mainly on ETFs) and I've been selecting the broker to do so. Portuguese banks have high fees to invest but I'm willing to pay them, but people keep selling me Degiro like it is perfect. When I started learning about investments I ruled off Degiro based on two criteria: the customer suppor didn't seem the best and under Netherlands law I would have only 20k guaranteed in case of bankruptcy. I learned recently that Degiro was bought by a German bank and invested in customer support in several countries so these questions don't worry me now. Still, given the offer from banks and other brokers, such low fees still seem too good to be true. Are there any hidden fees? Is there a catch that doesn't seem obvious? +Hello r/econ! I'm reading through Hazlitt's *Economics in One Lesson* (great book, btw) and I have a quick question about the Broken Window Problem. + +A storefront window is smashed by a local hoodlum. The store owner now has to replace the window, meaning that the local window maker it going to get some business. This looks fantastic! Money is changing hands, things are getting done, jobs are being created, etc. However, now the store owner cannot spend the money he used to replace the window on a new suit, or a car, or another staff member in his shop. Work was diverted, and not created. Hazlitt then uses the same reasoning to discuss over taxation and "make work" government projects; you're not creating jobs, you're moving jobs from one group of people to another. You're moving wealth from the taxed citizens (who would have spent the money on food, consumer goods, houses, cars, etc, creating jobs that way) to the government (who spend the money on a new bridge, creating jobs that way). + +Here's my question: What about the rich? + +So, let's say the hoodlum does not break the window. The store owner decides to just keep the money he would have spent on the replacement. No work is created, no goods purchased. The store owner does very well for himself, and becomes very very wealthy. Now, you have a problem of wealth being concentrated in one place, which seems even worse then stealing from the rich through taxes to fund "make work" projects. + +Is this a real problem? How does the free market correct against the "hoarding" of wealth? Thanks everyone! + +Edit: Thank you everyone for your thoughtful responses! +Let’s face it, when a coin moons and you cash out, that money doesn’t just come from nowhere, it’s come from another investor. Same as if you hold a coin which is dipping and others are selling, people are literally just taking some of your money and putting it in their pockets. + +We’re all pretty chummy with each other in this sub and it’s a great place. But let’s not forget, we’re all competing for a Lambo 😂 + +For the record, I’m not complaining… Hell I want to fill my pockets too but you bastards keep taking it all haha. +Hi all, + +As it says in the title, I'm 25 and trying to decide what to do this year for financial planning. I changed jobs during '21 so I'll now be making $150k+ so I can't invest in a ROTH IRA. + +&#x200B; + +I have an emergency fund (3 months), no debt, currently maxxing out my 401k (+ HSA), and then I also deposit $500/month into a brokerage fund that auto invests into s&p tracking index funds. + +&#x200B; + +I typically like to follow the bogleheads path of trusting in index funds, avoiding interest, and getting as much pretax $ invested as I can. What should I do next though? + +&#x200B; + +I've read about backdoor roth ira's but does it make sense to do that or should I just pour this money into my brokerage account? + +&#x200B; + +Any ideas are welcome! +I read this recent article in bloomberg that was interesting: +https://www.bloomberg.com/opinion/articles/2020-07-21/401-k-plans-no-longer-make-much-sense-for-savers + +Basically it talks about how 401k's are not nearly as good as they used to be. It still seems better than not using them to me, but I was curious if others have decided to only meet the employer match and instead invest the rest into taxable accounts (after IRA/Roth and HSA). +Im in Florida + +Sorry for the novel..its a lot to unpack; + +My heart hurts..My husband had terminal liver cancer diagnosed in February. But since January or so I started taking care of all the household duties. He fought a good battle but cancer won. It took his life on December 23rd. + +We spent the whole year setting things up so I would be taken care of. We live in a 5th wheel and pay lot rent. He transfered the title to the 5th wheel, our boat and work trailer to me about a month ago. + +We went to his bank and had my name put on the account as well. + +I made sure that he spent lots of time with his family beforehand. While his family was visiting they took care of the cost of cremation. + +Husband wanted to be cremated and buried in a different city, not too far away. His burial lot is paid for but im not sure what else it would cost to place him there. + +He had final expense insurance of 10,000. He also worked for a union. He was also retired. I am wondering how much it would cost to bury his urn (average cost) and if it's possible to keep some of the final expense money, because well, I'm gonna need it to pay for my rent and car. + +We had a car that he co-signed on. Its got 15,000$ left to pay. I need my car for work so I plan on taking over payments ($466) and possibly refinancing it as soon as possible to get a lower payment + +Our "house" is a 5th wheel. Husband spent lots of time prior making the property look great with landscaping, deck building, and also he built a boat ramp with a winch. + +Im sad, scared and confused. Not a fun way to spend the holiday weekend. To top it off, because he died on the 23rd, and before the weekend, I haven't called his insurance or union yet, but I will on Monday. So I've sat here all weekend trying to keep it together. + +Also, I tried looking for a copy of our lease; cant seem to find it. So I wonder what is the best way to tell the landlord about my situation. Im afraid they will tell me to move or evict me if my name isn't in the lease, but I do recall signing lease papers with him for the past few years. Our lease is monthly. Wouldn't that just be grand if they told me to leave?! + +They might do it because its waterfront property that he improved and they could charge more for it. They raise the rents every year. So that's my fear. + +If I did have to move the 5th wheel cant move from its spot, its not roadworthy but it is very liveable. We had a new AC unit and had the roof sealed this year. Husband told me that its worth at least 15,000. So I'd have to sell it to leave the park. We also have a work trailer that's enclosed for storage, that was bought new for 5,000 but I would sell that too, plus the boat for 18,000. + +So many decisions to make..a part of me doesn't want to stay in this trailer because everything reminds me of him. Plus the area gets flooded easily during King tides and hurricanes. So im sick and tired of moving everything around during hurricane season. + +I'd love to find a 2bdrm house (near dry land) that I can rent to own. My credit is 730. How much does it cost to enter into a rent to own house, on average? + +So my questions: + +Best way to approach the landlords? Should I wait to talk to them? How should I word it so I don't get kicked out so they can raise the rent at my property + +Also, final expense benefit..is it common to not spend it all and have some left over to cover the cost of other bills + +And any other advice you can help me with. I work from home doing ecommerce and have a good business that makes 3-4,000$ a month depending. I am willing to listen to any advice that will help give me some security and peace of mind. + +Edit: thank you all so much, all this advice really helped. There are some things I cant take care of right away but it will come later on down the road + +I started a notebook with a list of all the places I am calling, and taking notes on the calls that I made so I can stay organized + +I called his union hall and talked with them. They are sending me an infirmation packet. He had a benefit that I could have used but it expired in 2018. + +I talked to a few other folks today as well, closing accounts. + +Also I downloaded bank statements from this year to see if there was any subscriptions that I needed to cancel. + +To top it off, the park office gave a notice that they are doing a "surprise inspection" of all the sites here. Guess I will have to clean up the old furniture and other things I had stacked from hurricane season. Have no idea yet how i will manage this. Yikes! +I have a 9to5 office job and my workload is pretty small. + +How can I make money from my desktop? + +Is it possible to use the PC to mine? + +What can I do to make money? +I’m 17 with 14k saved up. I now work 2 jobs. Paying $15 an hour and $20. My parents pay the bills and I don’t really spend money. I am wondering if Its a smart idea to lease a 2022 Honda Civic. It will cost $80 a week and insurance will cost anywhere between 100-300 a month. It will take 1-4 months for the car to arrive. What is the best choice in this situation? +I’m 17 with 14k saved up. I now work 2 jobs. Paying $15 an hour and $20. My parents pay the bills and I don’t really spend money. I am wondering if Its a smart idea to lease a 2022 Honda Civic. It will cost $80 a week and insurance will cost anywhere between 100-300 a month. It will take 1-4 months for the car to arrive. What is the best choice in this situation? +Hello everyone. Before I start I want to preface this post and say that I'm making this as rebuttal to how most people feel about the housing market right now. + +I want to say that in no way am I all that special. I'm in my late 20's. I work in fast food after dropping out college followed by leaving the union. Recently promoted to manager. I drive my fathers old car. I was lucky to have a family member co-sign on this house with me because my credit was too low (by 4 points). + +I live rent free with one of my folks but help pay for groceries and look after thier dogs when they are quite often away. Before I moved in they paid a doggie daycare. Even trade. + +I live in eastern Florida nearish the beach (20 min drive) and an hour away from a major city. The combined population of my town and the neighboring more popping town is 200,000 people. + +Over 10 years I've saved up 20k that I solely wanted to use on a house one day. + + +Story time: +One day I was walking around the neighborhood and noticed a house getting a new paint job and moving a bunch of boxes out. I had a feeling they were moving. So I went up to the homeowners and talked to them and they confirmed my suspicion. I told them I was interested. + +The next day I went back with a pre-approval from Rocket Mortgage to show them I was serious. ( I didn't follow up with rocket because they suck (different story) and would not want to do business with me anyway because this was before my co-signer) + +The homeowners and I talked for some time and they said they'd think about. They were really looking for a hassle-free quick cash sale. + +Fuck. + +The next day my girlfriend and I wrote them a handwritten letter thanking them for their time and consideration. Saying we would do anything for this home. Two days prior to my initial conversation with the homeowners I found out we are pregnant. + +They actually called me the next day saying how thoughtful it was to write them a letter and that I should stop by to pick the their real estate agents card and that they want to give me a shot. + +The rest is history. + + +Things are looking up guys. For reference my girl made less than 17k last year and will most likely be about the same or less considering the pregnancy. While her money helps bills are mostly on me. + +Other than the co-signer I received no financial help from my family or friends for buying this home. + +We close at the end of the month! + + +Please don't get discouraged out there. + + + +EDIT: This goes out to everyone that wants to cherry pick things and dismiss others accomplishments. So I'll clarify a few points. + +"You live rent free". Yes, I do. Thanks for reminding me. I've lived rent free for two years out of my adult live. Once when I was 18 and then again this last year. I've paid my fair share of rent folks. + +"You are given a car FOR FREE". Sure, true. It's a 21 year old Subaru with no AC that I do all the repairs on myself. Yes I pay for gas and repairs. My car was crashed last year. + +"But you have a co-signer!" Look man, I had a family member help me out. I'm extremely grateful for that because without them I wouldn't be making this post + +My point is that I received HELP. I believe everyone gets help in various ways. Some more than others. I'm sensing a lot of spite in the comments for the help I got. I'm sorry this isn't the story where I grew up alone on the streets and clawed my way into this house with no assistance whatsoever. If this story doesn't belong in this sub please let me know. +I’ve just seen an add for a house that sold for 5.3million. And someone had put a comment on there “when the bubble bursts lots of people will be fu<ked” + +We are currently going through the process of buying a house. The lending criteria and the hoops you have to jump through are insane. The repaying calculator is stringent. + +So how will the bubble bursting fuck people up?? I don’t understand. You CANT borrow more than you can pay back. + +Genuinely curious!!! +I'm pretty comfortably FI, but not fat. I don't know where else to ask this question without sounding like a huge prick since I'm in an incredibly privileged situation. I'm Canadian, but I'm going to use USD in the numbers below since most people here seem to be American. + +I have $1.7M in investments, no debt, and don't own a home. My expenses are $40k/yr (2.3% of investments). I don't try to keep my expenses low. I just don't know what else I'd spend money on. My top hobbies, in order of time spent, are reading, climbing, dance, board games, and programming. These just aren't expensive hobbies. If I quit my job, programming would probably move up to #2 behind reading, but I can't think of a hobby I'd add that would cost more than any of my current hobbies. I've tried numerous other hobbies and the ones I enjoy tend to be ones that involve athleticism or analysis and these are generally not expensive hobbies. + +I work remote for a U.S. tech company and I'm not planning on retiring in the near future since my job is fun, low stress, and allows me near total flexibility in when and where I work. I literally don't know what use I have for the money other than giving it away to charity. + +I'm replacing my 20 year old car this year for safety reasons. Even if I go with [the luxury car mentioned here](https://www.reddit.com/r/fatFIRE/comments/idf4zv/best_discrete_luxury_car/), I could get a used 2017 model coming off lease for $35k. Volvo comes out with a new platform every 7 years or so and I don't see much value in upgrading to another vehicle on the same platform, so the amortized annual expense of getting a luxury car instead of driving an old beater around is still only $5k/yr. Ignoring investment income, every year I work, I can save another $300k. If I keep saving at this rate and my investments return 0, I'll have $5M in savings after a little more than a decade. Buying a nice car or two won't put a dent in my savings. + +I don't want to buy a home since I might want to move in the next few years, but I could buy a clone of the condo I'm renting for $500k. I'd still be comfortably FI since I'd then have $1.2M in investments with about $20k in annual expenses. A detached house would take a real bite out of my investments but would still be affordable. + +I saw a comment on this sub about how kids cost $100k/yr. They can, but I grew up poor and I know that kids can also cost $5k/yr. I don't plan on raising kids as if I'm impoverished, but I don't see kids as a major expense relative to my current savings let alone relative to what I'll have if I work a few more years.As someone who doesn't enjoy travel and doesn't want to own multiple homes, what can I do with more money that I'd get value out of? +I am 55 and want to retire bad. I have $1.5 million in a taxable investment account. Thinking about putting it all in JEPI and collecting the 8% annual dividend payout monthly and living on it. I might do a trailing stop loss of 20% to protect against a black swan event. + +I understand the first 25% of the dividend is taxed at qualified dividends and the remaining 75% taxed as ordinary income. + +Have really enjoyed reading this forum and greatly appreciate any and all feedback! + +Putin has signed a decree that creditors will be paid in Rubles according to a report from Bloomberg today. This will apply to sovereign and corporate debtors paying countries who are hostile to Russia. List of countries to be published later today. Guess all the NATO countries will be on the list + +Edit: Check Bloomberg.com - article is behind a pay wall if anyone can view and copy +At the height of trading today, /CLK20 hit -$40.32. This means someone was willing to pay you $40,320 per contract to take 1000 barrels deliverd. Seems great and all, everyone gets paid, you store them in your garage or whatever, but there is an underlying issue here... storage. + +Generally, retail paper traders are not trading this contract, most brokerages won’t even allow you to trade the front month after last week. You would be forced to trade the forward (June) /CLM20 or later. People trading today are actual physical buyers and sellers, large companies needing to move physical oil. For it to go negative means a lot of people were on the phones calling around trying to find space to store said oil, and they couldn’t find the space for that oil, which drove the price negative just so they could unload the contract. Who cares right? + +We should all care... why? [Government has extended DoD Travel Ban to June 30](https://federalnewsnetwork.com/defense-main/2020/04/dod-to-extend-stop-movement-order-through-june-30/) so you can be sure if they are banning non essential travel through June 30 they are likely going to ban people from coming into the work place (that cube life, the resurgence of COVID)... Travel by plane and commuting to work... the two biggest reasons for oil/gas... They have been on hold for about 1.5 months and now the government is stating that they will be on hold for another 2 months at least. Now lets not even talk about heating oil needed for the northern areas coming into spring… + +You cant keep pumping oil if you have no demand for it, and you have no place to store it, although the later is more important. If you pump it, where do you put it? As I said before, to go -$40 today it means people were calling everything they could think of (container ships, tanker trucks, strategic reserve, out of the way storage facilities, etc) before they absorb a $40K loss per contract (and they sell thousands). + +What must happen next, which little demand is they must idle the pumps. They cant and wont pay oil workers $100K a year to sit around with an idle pump. We have about 10M oil workers in the US. We are potentially looking at 80% of those to be laid off… and this will take months to go through existing inventory if its completely full. This will extend for months, likely into Q4 2020, even Q1 2021. + +As a result of no travel and a slow opening all commerce will suffer. We are talking a stagnant society until at least June 30. More retail, consumer goods, automobile companies are going to go bankrupt. We have an annual GDP in excess of $20T. This is grinding to a halt. FED/Govt/Treasury has thrown ~$5T at it already, but they will need to throw $2T a month at it to keep it all afloat. Factor in treasuries, credit, bonds (corps), MBS, etc and we are looking at roughly $45T to service. This is all becoming increasingly more difficult to service with a stalled economy. This is where we are now. + +This is why its likely unsustainable and we are about to really feel the pinch. The current market with S&P (/ES) trading at 2820 (was almost 2900 last week) is an artificial pump. How long will wall street look the other way while the government throws $1T here and there? +The previous price cap by Ofgem before today's announcement was set at £3500+ + + +This will stay fixed for 2 years until October 2024 but will be apparently reviewed every 3 months - it will go on top of the £400 one-off payment granted by the government. + + +if you have negotiated a fixed tariff within the last few months it might be worth re-reviewing it! + + +[https://www.bbc.com/news/business-62819846](https://www.bbc.com/news/business-62819846) +Title says it. I am not going to link this to any events anywhere else in the world or GME in general. + +I am working in the field of law in Germany and used to study and work near/in Frankfurt, Germany - the financial capital of Germany. After seeing all the posts about offices lit up around the world, I was very suspicious - I hardly believe anything before I check it myself. + +So I hit up my closest friends from my studies because I know that one of their partners is still working in the financial sector to see what's up. + +Her fiance worked in Investment Banking (high up, not some intern) for Credit Suisse in Frankfurt. He switched over to another Top 100 AUM US-Investment firm, which I would not like to disclose publicly for obvious reasons (but can confirm to mods if needed), about 1 1/2 years ago. + +She told me that BOTH companies (their mutual friends still work at CS) have all of their staff working from home full-time since November. No exceptions for any position that's worth noting. + +This weekend, he worked full-time in the office. She did not know for what reason, she said that rarely happened before covid (only one time she can recall) and did not happen since November. In fact he did not work from the office since November for a single day. But this time he got called in late and was told to show up ASAP for a meeting. Not online, but in the office. + +&#x200B; + +\----- + +I can confirm this to the mods if needed. Be suspicious, don't believe me. I am a guy on the internet liking a stock. + +&#x200B; + +Edit 1: + +Since one Ape asked about the US-company: it has not been mentioned on this sub before. In fact, I did not know the company at all. They are high up in the Top 100 AUM worldwide, with big triple billion figures AUM. + +&#x200B; + +Edit 2 - Materials reviewed by the mod u/StonkU2 + +,,Materials supporting the relationship represented in this post have been provided and reviewed, and the connection based on those materials appears genuine. Note however no materials supporting the conversation itself or exchange have been provided or reviewed - this fact neither undercuts nor supports the statements asserted - but is an additional grain of salt to be aware of. Thank you u/sh0w3n for your diligence and participation in this community.'' +For the past few weeks I've been able to pick up some extra hours at 3x my normal rate. I should be thrilled, but I'm not. All that happens on those days is I come home exhausted and miss out of my evening. The money is good, but it just doesn't affect my life in any way. The only change is a 1% gain in my account balance at the end of the week. I already buy small things whenever I feel like it, but spending $500-$1000 on something I want feels like too much. The problem is that I expect to make about $1.5 k before this contract ends, but I want to save up for a down payment. In my area, that means about $60 k (I know about FHA loans and stuff, its an issue of I can't afford a $300k+ mortgage with PMI on top) since $300k is about the very bottom of even condos for 100 miles. Houses start at $500k unless they are a tear down. It feels like the only way I'll ever own something is with a large pay jump, not by being smart with money. + +&#x200B; + +Anyone else have a similar issue where it feels like your goals are just too far away to reach and good discipline isn't enough? + +&#x200B; + +Edit: Y'all been so helpful. Sorry for being vague in my replies, I have had people data mine me during arguments before and its pretty annoying. I'm going to go buy a new putter today and hope to get a nice promotion this month. Otherwise I'll look into places to move to. +I have a portfolio with 1 slot open that I want to fill with a bit more defensive and value stock. + +I’m on a pendulum between BRK and COST. + +For one thin, I can understand the business of COST and I can kind of understand berkshires, so for that matter point goes towards COST but at the same time Berkshire has a lot of underlying business as well their portfolio so I can kind feel “ok” not understanding the the business on a full spectrum. + + +If you could only buy either one and hold for a very long time, which one would you choose? And why? + +Thanks guys +Hello, what do you think of the latest statements via $TWTR by Dr. Michael Burry on the US financial system or the possible crisis that will come shortly + +**ORIGINAL TEXT VIA TWITTER** + + **Re: paradigm shifts/speculative peaks, the SP500 bottomed 13% lower than 2002's bottom in 2009, 17% lower than 1998's LTCM crisis low in 2002, and 10% lower than 1970's low in 1975. 15% lower than the COVID low is SPX 1,862, \~Shiller PE of 16, nominal PE of 9. In historic range.** +I've read some posts from bigger pockets on the subject but I'd like to hear your views. + +Obviously this varies by state because some states make it illegal to ask about immigration status and others make it illegal to rent to illegal immigrants. + +I've heard that they will never miss rent because they don't want to find themselves in a court room but on the other hand how could I evict if they lie about their names? + +What are your thoughts? +So I applied for a 10k loan. Haven't been approved yet but it will probably go through. APR will be between 6 and 10% so I just have to beat that and I'm golden. I can easily pay the interest with my day job so it's not going to ruin me. Need to make a kick ass portfolio so I can pay off the loan and let the rest ride. This is what I'm thinking. + +* BTC is at its peak now or near a pull back so I don't want to buy any right now +* BCC is cheap right now and if people move over to it, it will explode +* NEO just exploded but has more room to grow +* ETH idk whats going on for price action, but it is a long term coin to hold for sure +* OMG is all the rave right now, idk about it fundamentals but I think I can make some money off it at least +* FCT has big potential but isn't moving so I will wait until it takes moving to jump in +* ARK has a lot of talk, idk if I believe in it but might make a few bucks off it + +How should I spread the money out over these? Evenly over all of them except BTC and FCT? + +I’m 22 years old, I make about 800 weekly working with my parents, we’re immigrants that came to the US about 12 years ago. If you’re an immigrant too I’m sure you carry a lot of weight to make your parents proud and hope to make it bigger than they could. The thing is that we own a business that gives the family about 120k in gross income net worth comes down to 80k but out of that I’m able to make around 38k before taxes. The thing is that I don’t hate what we do for a living is just that is not my passion. I try but I can’t seem to see what else to do or how to invest my money. I don’t want to disappoint them by doing something else that I’m happy with. What would you guys do in my shoes? Where would y’all put your money in? I’m definitely trying the 50% 30% 20% but more like 70% 30% I’m in pursuit of FIRE thank you guys +I am currently transitioning from being a student into full-time working life. I have been saving for years and have a few thousand in ETFs. One thing that's really starting to annoy me is that it's like I am being punished for being financially responsible. + +I am applying to 'public' young people (< 30) housing associations and one thing they keep asking is if you have wealth i.e money in mutual funds or shares. If you are considered 'wealthy' then you get less priority for housing. + +So basically if I received my salary every month and spent every cent of it or even just stuck the money in my bank account without investing then I am higher priority for housing than if I invested it??? + +To give examples: + +2k salary + 5k invested = no housing + +2k salary + 5k savings in bank = housing + +2k salary + fancy new car, no savings = housing + +Why should I be punished for investing my money and not spending all of it each month? It makes no sense. Is there a way around this? Can I claim that ETFs are not mutual funds or shares? + +EDIT: Obviously I am an idiot for questioning why people who make more than I do should have access to housing I don't just because they don't invest. +First I will start by saying that I live in the U.S. Over the course of a few months I have made over 182 trades between crypto currencies on pancake swap. I think I started with 600$, I had it all the way up to 9000 at one point but I ended up with about 3500 after I stopped and realized my mistake. None of it has been converted to fiat. How do I even begin to start filing taxes on this. I typed my wallet address on bsc scan and I don’t really know how to read it. Is there a software out there that can do this for me. I also don’t understand how you can be taxed on this when it hasn’t even been converted into fiat. Like what if you pay taxes on it and then the price drops dramatically? All of these trades were done with “shit coins.” Coins that have extremely low market caps and are usually trading for about .00000001 to the dollar. Safemoon type coins. Most crypto tax softwares don’t have access to the market data of these coins since they are just so unknown. +Does anyone actually care about the price before MOASS now? We know we were right about spoofing, internalization, the reported si being completely fake, the cost to borrow being manipulated, more synthetics than ever, DRS working. Untill phone numbers, I don't see a reason 🤷🏽‍♂️ +I work full time and support myself independently. I keep trying to fit in savings into my budget but it never works. I feel like im supposed to be starting a savings but I just can't seem to make it work. + +Is that okay? If I stop trying so hard to put money away every paycheck will I be okay in the future? + +Sorry if this is a dumb question, I'm not supported by my parents so I just need some advice. +Hi all! I am a server and a substitute teacher. In my state, restaurants are closed except takeout and delivery AND schools are closed. In other words, I have no income for the foreseeable future. I’ve already applied for unemployment, but don’t know when/if I’ll receive it and how much I’ll even get. I’ve been working hard to pay off my CC (about ~4,000, only debt I have) but will probably not be able to even make the minimum payment this month. I know a lot of larger companies are working closely with customers in situations like mine and I plan to reach out to the company (Discover) in the next few days. But, what do I ask for? Is there anything I should know before calling? I can be a bit of a people pleaser/pushover sometimes and I want to make sure I get as much as I can, considering the financial uncertainty I face. Thanks so much! + +UPDATE: +Just got off the phone with them. First woman I spoke to said she can cancel my minimum payment for April & May, but can’t do anything about interest. I asked to speak to someone higher up (thanks to responses here) and was told “she’s just going to tell you the same thing”. Got on the phone with rep #2 and didn’t even have to say anything, she just went ahead and cancelled my interest for 2 months. Thanks for all the help guys! +So, as many of you probably know, Puerto Rico has tax laws that if you move there as a US citizen, you pay no US federal income tax. You are then subjected to <4% PR tax on any income that is considered as PR source income. + +I considered moving down there back in 2015, but visited a few parts of the island and it didn't really seem that great a place to live. + +Wondering if anyone in here has moved down there and if they like it. I know there are the tax savings, but I want to hear about your quality of life. Are there are good communities down there that feel safe? Do you meet a lot of other entrepreneurs? +What do you do with your cash flow from a rental unit? Suppose I have 200 a month from my unit after taxes and operating expenses. What do you do with this cash flow if you don't technically need it to pay off other life things? I'm personally debating between making a lump sum payment of ~12k towars the mortgage at the end of the year or opening a taxable account and investing in mutual funds. Other strategies? + +Edit: thanks everyone. I suppose I wasn't as clear as I could have been buy yes the $200 would be after budgeting for repairs throughout the year. And my question was directed more towards how do i or other people use this money to make more money with real estate investing. + +Some of the approaches I found attractive: + +1. Remodel property and increase revenue by increasing rent +2. Invest in bonds and borrow against it for future property acquirement. +A couple of really good reads from Yahoo Finance for people that are staying out of the market because of the high valuations. + +**Valuations don't actually appear to be mean-reverting.** + +[**https://finance.yahoo.com/news/stock-market-valuations-not-mean-reverting-morning-brief-110134302.html**](https://finance.yahoo.com/news/stock-market-valuations-not-mean-reverting-morning-brief-110134302.html) + +&#x200B; + +**Stock market multiples tell you almost nothing about the next year's returns.** + +[**https://finance.yahoo.com/news/price-earnings-multiples-terrible-indicator-next-years-returns-110541997.html**](https://finance.yahoo.com/news/price-earnings-multiples-terrible-indicator-next-years-returns-110541997.html) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Let’s say that you have %100 equity in your home and you could sell it right now. Would you buy rental properties in landlord friendly states? I have about 400k to play with and I could buy 18 properties right now with %20 on each rental and make about 7500 a month. After 30 years 14,000 a month would you bite or maybe this is too good to be true? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Please find the [Daily Non-Eth Discussion thread here](https://www.reddit.com/r/ethtrader/comments/6xylt4/daily_noneth_discussion_September_6_2017/). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss that in the Altcoin Daily. +- 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 meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi, + +&#x200B; + +I´ve been lurking here for a while and I´ve noticed a few posts that mentioned things along the lines of "once the portfolio reaches x amount I move it from degiro in case it goes bust" and "if degiro goes out of business you´d lose the investment". + + +As a complete rookie, my question is, what makes one broker "safer" than another? What are the realistic chances that a broker like degiro would go bankrupt? What happens to my investments if that happens? + + +Thanks for your help :) +The message will read as follows: **BUY HOLD VOTE $GME** r/Superstonk + +With that said, expect a influx of newcomers so let's cool it on the shit posting and low effort memes. + +Keep the good info trending at top, be ready for all kinds of questions and such. + +As always, be kind and excellent to each other! + +Or the mods will take off their belts!! + +I heard u/pinkcatsonacid and u/redchessqueen99 have a swift right! + +So watch out now!! 😬 + +**Again very special thanks to all those who donated!!!!** + +u/Meowper8tor aka my girlfriend's husband + +[u/chrisdj99](https://www.reddit.com/u/chrisdj99/) + +[u/TheDragon-44](https://www.reddit.com/u/TheDragon-44/) + +[u/TimOnTheLam](https://www.reddit.com/u/TimOnTheLam/) + +u/RicoStuntz aka my other girlfriend's husband + +Forestmz + +Brandon S. + +Ryan A. B. + +Jack R. + +Richard W. + +Christina T. + +Did not add last names for anonymity, thanks again!!! + +If I'm missing anyone leave a comment and will add you. + +Will be there to take pictures and record videos! + +# Edit: Any suggestions on next location/message leave them in comments below!!! Have many inquiries from other apes who want to help make it happen! + +https://preview.redd.it/h24yia48rc071.png?width=1920&format=png&auto=webp&s=25664e683136e464613335d3fbff5869295093dd + +&#x200B; + +https://preview.redd.it/i2wt3s5uyd071.png?width=799&format=png&auto=webp&s=a8e0b37c8d777e9c4a643f1b19ed232bd3874608 + +\- u/Meowper8tor +Citadel watches us, and the DTCC, and the SEC, and GameStop, and Ryan Cohen, and CNBC, and basically all the big players in the financial world. They lurk here. They see all posts, even dumb shit posts like this. They read everything. There’s more people watching us than you could possibly imagine. We’re not talked about for a GOOD REASON. Walk stree begs is the sacrificial lamb for blame. But they’ve coined this dumb “meme stock” word to degrade regular people. + +How could I possibly know this as fact? Not only did the use a picture of a purple circle, they made HALLOWEEN COSTUME MEMES. + +Who did Halloween costume memes? Oh that’s right, some super stonk users posted Halloween costume memes. There were a bunch of them and it was fun. + +They’re copying us, and as far as I know this is the only place they could’ve gotten the idea. Because why else would meme stock guy have a purple circle on his phone? What could have possibly inspired this? Oh yeah, lurking on super stonk + +I see you Ken 👻 +Citadel watches us, and the DTCC, and the SEC, and GameStop, and Ryan Cohen, and CNBC, and basically all the big players in the financial world. They lurk here. They see all posts, even dumb shit posts like this. They read everything. There’s more people watching us than you could possibly imagine. We’re not talked about for a GOOD REASON. Walk stree begs is the sacrificial lamb for blame. But they’ve coined this dumb “meme stock” word to degrade regular people. + +How could I possibly know this as fact? Not only did the use a picture of a purple circle, they made HALLOWEEN COSTUME MEMES. + +Who did Halloween costume memes? Oh that’s right, some super stonk users posted Halloween costume memes. There were a bunch of them and it was fun. + +They’re copying us, and as far as I know this is the only place they could’ve gotten the idea. Because why else would meme stock guy have a purple circle on his phone? What could have possibly inspired this? Oh yeah, lurking on super stonk + +I see you Ken 👻 +To those who quit their job to become full time traders. What goals did you have before you quit your job? Was it a specific size of your portfolio? +Im really thinking about it, I have a shitty back and currently working as a carpenter isn’t doing it much good. +Im 23 years old and don’t really have that much bills. My salary is around $2300/month but could probably survive on half of that. +I’ve saved up around $50k, been trading for a while but Im feeling like working full time really makes me miss out on alot of trades. Alot of times I think I would have made more money from trading than working that day +Gamestop millionaire donates games to children hospital. + +Gamestop millionaire pays for a kids surgery. + +Gamestop millionaire pays the rent of her 80 years old neighbour. + +Gamestop millionaire saves foster animals + +Gamestop millionaire construct a shelter for the homeless... get used to it, because this will be the news about what apes will do post-MOASS and how they'll talk about us. We're not like them (Kenny and friends) and time will show. +Please use this thread to discuss various methods of filing taxes. This can include: + +* Tax Software Recommendations (give detail as to *why!*) +* Tax Software Experiences +* Other Tax Filing Tools +* Experiences with Filing Manually +* Past Experiences using CPAs or other professionals +* Tax Filing Tips, Tricks, and Helpful Hints + +If you have any specific questions, or need personalized help with taxes that don't belong here, feel free to [start a new discussion](http://www.reddit.com/r/personalfinance/submit?selftext=true). + +Please note that affiliate links and other types of offers will still be removed in accordance with our [Subreddit Rules](http://www.reddit.com/r/personalfinance/wiki/rules). If you have any questions, please [contact the moderation team](http://www.reddit.com/message/compose?to=%2Fr%2Fpersonalfinance). + +Good luck today. [Here's some WSB stats.](http://wsb.gold/public/dashboard/e65fcfcb-70a4-4d86-b7fb-888057c67881). + +If you missed the memo the other day: commenting on the Daily Thread (not this) and submitting are now restricted to 30+ day members only. There's a chance it'll mistake you for a noob if you don't talk much. Sorry. As a reminder to all the new people here, we don't talk about tickers below 1 billion market cap. Do us a favor and read the rules if you haven't. They're on the sidebar. +Hello all, + +The bill that passed recently in the House stops mega Roth contributions, correct? + +My employer is starting to offer in 2022, and looks like it is going away even before starting for me😩 + +What are the other avenues that are open if we have the ability to save some extra $$$? + +Thanks! +The past few years I’ve worked at a summer farm/market as a cashier. This has been the only summer job I’ve ever had. Due to the current corona virus situation, I no longer feel safe working there, because on a weekend shift I would come in to contact with about 400-600 people per shift. + +My question is, what is a corona safe, summer job that a college freshman would be able to work at? +I posted this **almost 2 months ago** and folks thought I was wrong or fear mongering. Look at all the DD now and tell me I'm wrong. I wish I was wrong because this is a big deal as most of you have learned. Either way, we are going to the fucking moon and beyond!!! Enjoy your tendies when they come because you're going to be the apes who survived it and earned it for holding throughout all the bullshit so far. + +I've only edited one part of the original post where I thought the date was going to be in early April but have now removed the date because putting a date to the moon is very bad. I'll also update it with the great DD that has been uncovered which lends to my theory. If you have more, send it my way and I'll update this post. + +***ORIGINAL POST*** + +***\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_*** + +$GME will be squeezed and the market will crash. I said it and I will show you why I think it to be true. + +The stock market will crash and crash hard. $GME and retailer investors will **NOT** be the reason for it but the catalyst and where blame will be put. + +I'm not normally a "cup half empty" type of person but the evidence is there and I thought I would share. + +**The Buffet Indicator** + +Quotes from the [article](https://markets.businessinsider.com/news/stocks/warren-buffett-indicator-record-high-overvalued-stock-market-crash-2021-2-1030067388?op=1): + +\- Buffett praised his namesake gauge in a [Fortune magazine article](https://archive.fortune.com/magazines/fortune/fortune_archive/2001/12/10/314691/index.htm) in 2001, calling it "probably the best single measure of where valuations stand at any given moment." + +In 2020, Berkshire Hathaway sold many stocks which was possibly due to the Coronavirus pandemic but as other [articles](https://ca.finance.yahoo.com/news/warren-buffett-prepare-2021-market-135446132.html) reveal, they are sitting on 30-35% of cash or cash like assets. + +Right now, the Buffet Indicator is signaling a [market crash](https://www.msn.com/en-us/money/savingandinvesting/warning-this-warren-buffett-indicator-predicts-a-market-crash/ar-BB15r0TO). + +**Dr Michael J Burry Warning** + +He is [warning](https://twitter.com/michaeljburry/status/1363226460979228673) and comparing the current US market to [Weimar](https://twitter.com/michaeljburry/status/1363226460979228673) 2.0. [Weimar Germany](https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic) experienced what was called hyperinflation making the local currency nearly worthless. + +**Overvaluation of Stocks** + +This is where there are a multitude of articles such as [this,](https://www.forbes.com/sites/jonathanponciano/2020/11/16/billionaire-bond-king-gundlach-thinks-us-stocks-are-way-overvalued/?sh=637473026c91) [this,](https://finance.yahoo.com/news/us-market-kicks-off-2021-224137492.html) and [this](https://markets.businessinsider.com/news/stocks/stock-market-analysis-wildly-overvalued-outlook-time-bulls-sell-2021-1-1029945485?op=1) showing why most of the stocks are over-valued. Not just $GME but right across the board. + +**Record Low Interest Rates and Treasury Bonds** + +The interest rates are [incredibly low](https://www.forbes.com/sites/amydobson/2021/01/08/mortgage-interest-rates-slide-again-to-a-brand-new-record-low/?sh=75b54a6c60c4) and has been low for over 12 years with only a slight bump up pre-COVID. Low interest rates introduce risk to [retirement](https://www.cnbc.com/2020/03/11/with-interest-rates-near-zero-preserving-retirement-income-gets-risky.html) income. These [rates](http://www.freddiemac.com/pmms/) are influenced by [treasury bonds](https://www.thebalance.com/treasury-yields-3305741#:~:text=Treasury%20yields%20are%20the%20total,of%20demand%20for%20the%20bonds). When interest in treasury [bonds](https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx) go up, so do interest rates. Although the fed has stated they won't be raising interest rates, it means banks won't experience it but consumers may see a spike in [mortgage and auto](https://www.fool.com/investing/2021/01/12/heres-why-interest-rates-could-spike-in-2021/) rates which are not directly influenced by the fed rate. + +**SPAC Mania** + +SPACS or *Special purpose acquisition companies* are companies which have no operating assets and are used to make private companies go public. They are basically "shell" companies or "blank check" companies. SPAC's raised [more money](https://www.cnn.com/2021/02/08/investing/wall-street-market-bubble-yusko/index.html) in the first 3 weeks of 2021 than all of 2019. SPAC's have been [claimed](https://www.investopedia.com/spacs-look-like-a-bubble-within-a-bubble-5105202) to be an indicator of a market bubble. + +**ETF Volatility** + +ETF's are generally stable places for investors and don't normally see volatility. When ETF's see [volatility](https://www.ft.com/content/464d8d78-a843-11e7-ab66-21cc87a2edde), it's an indicator of an unstable market. With GameStop, we saw a lot of Due Diligence on Reddit that ETF's were being shorted to cover the existing shorts. + +**GameStop as a Catalyst** + +There are already fingers being pointed at the mini-squeeze by retail investors of GameStop in Jan 2021 as causing instability in the market. News [articles](https://detroit.cbslocal.com/2021/01/28/gamestop-price-stock-market-bubble-optimism/) are now appearing to link a market bubble and GameStop. There are many such as this [one](https://apnews.com/article/wall-street-worries-bubble-gamestop-1f6918bbe537f2cc40c8f4629423f08a), [this one](https://www.forbes.com/sites/jonathanponciano/2021/02/12/is-the-stock-market-about-to-crash/?sh=856d1d571dee), and even international news articles such as [this](https://gulfnews.com/your-money/saving-investment/signs-point-to-an-imminent-stock-market-crash--how-can-you-protect-your-investments-1.1612103834934). + +**Conclusion and Opinion** + +The market was moving towards a crash even without GameStop but when it does finally squeeze, it will be felt throughout the markets which were already on the way. This [video](https://www.youtube.com/watch?v=2g8PawZIRrk) also provides other indicators of a market crash. + +***My opinion of what would happen next:*** + +* GME will squeeze. *(date removed).* +* Market bubble will pop. +* Crypto will also take a dive. (There are many institutions now invested in crypto which will need the liquidity to recover or take a new position. Also a good opportunity to buy a crypto dip). +* The US dollar will trend downwards, with gold and other precious metals going up. +* Government will intervene. +* New regulations and other unrelated laws because "you never let a crisis go to waste". +* We apes enjoy our tendies and the bad press coverage. + +\*\*Edit 1\*\* [u/Flacier](https://www.reddit.com/u/Flacier/) has similar thoughts with some data [here](https://www.reddit.com/r/GME/comments/lqruwa/gme_short_will_crash_the_market_this_is_my_buy/). + +\*\*Edit 2\*\* [u/Wonderboi1995](https://www.reddit.com/user/Wonderboi1995/) get's in to detail about Michael Burry's and the Big Short 2.0 [here](https://www.reddit.com/r/wallstreetbets/comments/lr8h1v/why_father_burry_is_calling_the_big_short_20_i/). + +\*\*Edit 3\*\* More evidence of [Buffet](https://finance.yahoo.com/m/3b026604-df9a-3c74-a949-f0706778fb75/warren-buffett%E2%80%99s-berkshire.html) pulling money out of the market. + +\*\*Edit 4\*\* [u/throwawayable8236](https://www.reddit.com/user/throwawayable8236/) posting about the ties to [crypto](https://www.reddit.com/r/Superstonk/comments/mv6wl0/a_possible_tie_in_of_the_cryptocurrency_market/). + +\*\*Edit 5\*\* [u/SuperstonkBot](https://www.reddit.com/user/SuperstonkBot/) and the [hype induced market crash.](https://www.reddit.com/r/Superstonk/comments/mtistc/are_we_headed_toward_a_hypeinduced_market_crash/) + +\*\*Edit 6\*\* [u/socrates6210](https://www.reddit.com/user/socrates6210/) and an example of the banks selling record levels of [bonds.](https://www.reddit.com/r/Superstonk/comments/mrrwz5/jp_morgan_spoofed_their_earnings_to_get_investors/) + +\*\*Edit 7\*\* Great explanation by [u/Calluma93](https://www.reddit.com/user/Calluma93/) on the [Everything Short.](https://www.reddit.com/r/Superstonk/comments/mrrwz5/jp_morgan_spoofed_their_earnings_to_get_investors/) + +\*\*Edit 8\*\* [u/jsmar1](https://www.reddit.com/user/jsmar18/) did this great DD on Michael Burry's tweet and the explanation of [repo's and reverse repo's.](https://www.reddit.com/r/GME/comments/mil875/michael_burry_handed_us_the_missing_piece_on_a/) + +\*\*Edit 9\*\* [u/JustBeingPunny](https://www.reddit.com/user/JustBeingPunny/) post continuing to cover the Everything Short with respect to [SPAC's and Bonds.](https://www.reddit.com/r/GME/comments/mit0eu/the_everything_shortcontinued_citadel_spacs_and/) + +\*\*Edit 10\*\* I almost forgot to include some of the best DD yet from [u/atobitt](https://www.reddit.com/user/atobitt/) which is the original "[Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)" post + +\*\*Edit 11\*\* A different perspective by [u/karasuuchiha](https://www.reddit.com/user/karasuuchiha/) on how retail winning is good for the [economy](https://www.reddit.com/r/GME/comments/mm959z/world_war_3_longs_vs_shorts/?utm_medium=android_app&utm_source=share) and investment. + +\*\*Edit 12\*\* The original Michael Burry tweet is deleted. I can't find the original tweet but the document he had referenced can be found [here.](https://docs.google.com/document/d/11ul_lcNWwJHd4DHFwxZlwyh1lIFmYN6peGO5D8X7434/edit?usp=sharing) Thanks to [u/biobey1](https://www.reddit.com/user/biobey1/) for catching it and linking it. + +\*\*Edit 13\*\* u/drakefin has found the backup of the Michael Burry [tweet](https://web.archive.org/web/20210223035327/https://twitter.com/michaeljburry/status/1363244089576022016). Thanks! + +\*\*Edit 14\*\* An anonymous user has also pointed to an interview with Jeremy Grantham also talking about the [next big crash](https://www.youtube.com/watch?v=RYfmRTyl56w). + +\*\*Edit 15\*\* [u/Alert\_Piano341](https://www.reddit.com/user/Alert_Piano341/) has more information on SPAC's in this [post.](https://www.reddit.com/r/Superstonk/comments/mv5h61/citadel_may_have_no_clothes_but_they_have_a_shit/?utm_medium=android_app&utm_source=share) + +**\*\*Edit 16\*\* u/**[**GMD\_1090**](https://www.reddit.com/user/GMD_1090) **is collecting and organizing DD like a true autist. I would suggest everyone take a** [**look**](https://docs.google.com/document/d/191xpr5xt19ou1TjCuqfQy-SltK6wR5dugHRH1xeKzRk/edit)**.** + +\*\*Edit 17\*\* u/fortifier22 just released more [great information](https://www.reddit.com/r/Superstonk/comments/mvj8fz/where_there_is_smoke_there_is_fire/) in a recent post. + +\*\*Edit 18\*\* [u/According\_Bee2757](https://www.reddit.com/user/According_Bee2757/) does a comparison of negative beta and distribution [days](https://www.reddit.com/r/Superstonk/comments/n0htur/the_end_is_near_market_tops_distribution_days/). +Six months ago, [u/jackofspades123](https://www.reddit.com/u/jackofspades123/) and I had [a wonderful conversation](https://www.reddit.com/r/Superstonk/comments/phha1i/bankruptcy_delisted_tickers/hbioh6m/) where we tried to sleuth out how Short Sales avoid taxes. + +Tonight, we found the smoking gun, and it was right in front of us all the entire time. + +I give credit and thanks to Jack for co-piloting this 6 month long rollercoaster and for not giving up. + +# TLDR? + +1. US Tax Law is both precise and absurd. +2. Our definition of a Short Sale is wrong. +3. We found the smoking gun. + +Normally, I like the meat and potatoes style DD, but tonight, we're making beef wellington. + +&#x200B; + +&#x200B; + +https://preview.redd.it/pcq5w12emcm81.png?width=600&format=png&auto=webp&s=60b004dc97993af6303f8e8669d3a64bba2a1815 + +# Example + +1. You borrow the stock. You put a liability on your books for the total market value of the stock at the time of the borrow. You sell the shares for market value. Your trade's assets and liabilities are even, so your books are neutral. +2. A Realized Gain occurs when you sell something for a profit, like a stock. You pay Capital Gains Taxes on Realized Gains. The formula for capital gains tax is: ($ Sell - $ Cost ) \* Tax Rate. +3. Short-selling does not incur a Realized Gain, therefore there is no Capital Gains Tax. + +Jack, we were so fucking close. + +The clue is in #2. Readers, see if you can figure out why #3 is correct before scrolling down. + +# + +# Solution + +I expected the short sale to trigger a taxable event of Realized Gains and incur Capital Gains Tax. I expected \~100% profit now, less any fees for the borrow, and then get a tax break later for the business expense of buying back the shares. You'd have these incredibly fun rolling windows of taxable events now and tax breaks later, but computers and accounting software can already do all that. You'd net profits on the difference in price, minus the fun rolling taxes. + +Except that's not quite how it works, and this paper, ["How short sales circumvent the capital gains tax system," by Russell Stanley Q. Geronimo (PDF)](https://arxiv.org/pdf/1712.09987&usg=AOvVaw3oUdCv0wH6hb9lg-xutaAz) explains how. + +&#x200B; + +# The Meat + +>**Pages 10-11:** In an ordinary sale, the taxable realization event is the sale, pursuant to Section 40(C) of the NIRC, which states, “\[…\] upon the sale or exchange of property, the entire amount of the gain or loss, as the case may be, shall be recognized.” Accordingly, the date of realization in an ordinary sale is the date of the sale.\[57\] This is pursuant to the longstanding income tax principle that capital gains are recognized when they are realized, and they are realized when capital assets are sold, transferred, exchanged or disposed.\[58\]The situation is different in a short sale. Here, the traditional buy-and-sell sequence is reversed, and then he subsequently purchased identical shares.\[59\] Of course, **at the time that he sold the shares at time 2, he did not yet know the basis of the shares**. It was only at time 3, when he bought shares to replace the borrowed shares, did X determine the cost of replacing the borrowed shares, and therefore the basis of the stock.\[60\]**\[58\]:** This requirement was adopted from the U.S. income tax system and which originated from the Supreme Court ruling in Eisner vs. Macomber (252 U.S. 189, 1920), where it was held that a taxable gain must be derived and severed from capital. The Eisner doctrine was applied domestically in CIR vs. A. Soriano Corp., G.R. No. 108576 January 20, 1999. + +The part, “*\[…\] upon the sale or exchange of property, the entire amount of the gain or loss, as the case may be, shall be recognized,*” is why I expected Realized Gains to occur at the time of selling the borrowed stock. + +The bolded portion, "**at the time that he sold the shares at time 2, he did not yet know the basis of the shares**," explains the key issue in my point 2 above about Realized Gains and Capital Gains Taxes. + +\#2. Capital Gains Taxes occurs when you sell an asset for a profit (Realized Gains). The formula is **not** Capital Gains Tax = Profit \* Tax Rate. The formula for **Capital Gains Tax = ($ Sell - $ Cost ) \* Tax Rate**. + +The taxes are determined upon *completion* of the short sale, because you cannot establish your cost basis **until** you *close* the position. If you never cover OR close your position, you get the revenue now without cost basis in exchange for an outstanding liability. + +In reality, you can send the shorted company into a death spiral and then [a years-long bankruptcy process](https://www.reddit.com/r/Superstonk/comments/phha1i/bankruptcy_delisted_tickers/). + +&#x200B; + +# The Crust + +We keep looking at a Short Sale as the borrow & sell. But the IRS's definition of a completed Short Sale is the borrow, sell, *& return* of the shares. + +>**Page 11:** This special realization rule was upheld in [Doyle v. Commissioner](https://law.justia.com/cases/federal/appellate-courts/F2/286/654/53331/), which states that a “short sale is completed on the date the sale is covered, not at the time the order for the sale was entered into.” ... By “covered”, we mean that the obligation to return the borrowed stock has been complied with. + +It doesn't matter if the SHF covered or closed the transaction, only that they returned shares. The case was in 1961. + +&#x200B; + +# The Seasonings + +Did I say the same thing two ways? Yes. We confirmed with the formula. We confirmed with case law. Even if we exclude the paper (whose conclusions I agree with), we still have two independent sources that agree. + +&#x200B; + +# Dessert + +>**Pages 6-7:** Section 2(r) of the Rules on Securities Borrowing and Lending (SEC Memorandum Circular No. 7 series of 2006) defines a securities borrowing and lending agreement, as follows:Securities Borrowing and Lending (SBL) means **the lending of securities from a lender's portfolio on a given date to a borrower's portfolio** to support the borrower's trading activities with the commitment of the borrower to return or deliver said securities or equivalent to the lender on a determined future date. This is also referred to as a Securities Lending Transaction (SLT). + +I don't even know where Naked Shorts fall in this mess, but they don't fit this definition because the bolded portion doesn't fit, and that's how law works. + +# Sprinkles + +This whole paper is fantastic and worth a read. I especially recommend Page 28, Paragraph 1. + +>In Ocier vs. Commissioner of Internal Revenue\[125\], Jerry Ocier transferred 4.9 million shares of Best World Resources Corporation (hereinafter referred to as BW shares) to Dante Tan. The transfer was allegedly made pursuant to a stock lending agreement, denominated as a trust declaration, with Ocier as lender and Tan as borrower. The BIR construed the transfer as a sale and assessed a deficiency capital gains tax of P17.86 million to be paid by Ocier. Disregarding the claim of Ocier that the transfer was made pursuant to a stock lending agreement, **the Court of Tax Appeals (CTA) states that a securities borrowing and lending agreement is a non-taxable transaction, but only if it complies with the formalities required by regulation. In this case, the trust declaration between Ocier and Tan was not prepared in accordance with the BIR guidelines on securities borrowing and lending agreements. Accordingly, Ocier was liable for deficiency capital gains tax.** + +Commissioner of IRS. +As the title suggests, I am really wondering why inflation is bad for stock's and why is everybody "panicking". +As I understand it, inflation especially hyper inflation isn't a bad thing at all for a stock holder. +If your fiat of choice evaporates you wanna hold real values, like real estate or art, etc. +Why? Because they hold an intrinsic value that's not bound to a currency. And this is also true for stock's. So why fear it? +I mean if you hold a large chunk of cash you should be scared of inflation and get rid of it. +Selling stocks because of inflation fears looks counter intuitive to me. + +The only things I see here are that high inflation means the end of the endless money printing. Okay yeah get that. But at some point this has to stop anyways.. + +And maby a high inflation might make it more difficult for companies to make profits but that's all I can think of. + +So, why be scared? The real scary part of inflation should drive you into stocks not out of it. +What did I miss? +Finance noob here. I was reading about the recent merger of the three banks. Can anyone explain to me the economic short/long term impact of the merger and why was the merger required in the first place? +Hello, question here about "set it and forget it" kinda investing, please let me know my logic is flawed, I'm open to learning. + +Suppose I had 30K, and I wish to invest it all in a single ETF" + +One could choose the growth route and select XGRO, VGRO, VEQT or XEQT (or any equivalent equity). Quarterly distribution, holdings are diversified and growth oriented, and are typically advised to grow capital early on. + +On the other hand, one could choose the dividend investments, like XEI, XDV or any monthly distribution of your choosing. Monthly, dividend oriented investments, typicalof holdings in established companies which ideally don't have much more growth, so their payout is higher. + +My question is simply this: in a TFSA, with the same starting amount (say 30k), over the same period of time (say 40 years), wouldn't more compounding terms be better? Wouldn't a monthly distribution on DRIP be so much stronger at building capital than growth investments also on DRIP? Or am I underestimating growth that much? What factor am I missing, or what in my understanding is flawed? Why is XGRO, VGRO, XEQT or VEQT advised instead of XEI or XDV? I've been trying to search this and figure it out, but I only arrive at the advice, and never why it is such. + +I appreciate the time. +I am 38 and 2-3 years away from fatFI. Generosity has always been a big thing for me but for the first time in my life it feels like I have more to play with in this space. + +There are a small number of people who were instrumental on the way here and I would like to thank them appropriately. Thinking of an older family friend who passed me magazines each week when I was a kid to stimulate the interests that eventually became the foundation of my career, someone else who volunteered to make an introduction a number of years back without which I would probably still be working for a wage. + +These people are not charity cases, but they are not focused on accumulating wealth either. As far as I can tell they make enough to get by, still have to budget carefully to make their $$ count and don’t have spare to throw around. I could just treat them to an amazing holiday all expenses paid, but I am trying to think of more meaningful (and potentially transformative) ways to say thank you. + +These are not people who are part of my daily life and neither even lives in the same country as me, so I am not worried about tempting them to become dependent but I do always prefer any gift I make to be one-off as it is just cleaner that way. +Got our second kid on the way and are fortunate enough to afford for my wife to continue to be a SAHM. Had to look for a bigger paying job to keep up with the costs of life. + +I don't know about you, but I'm burning the f\*\*k out. + +I'm not complaining as we are surviving.. it is manageable.. but I am trying my hardest to avoid burn out. After rent + paying off debt + kids, we have just enough left to eat and put little away. + +I find it so hard to push through because I cannot afford to lose my job or underperform. My family need me, and I cannot justify picking up a second job (already full-time) only to lose more time for my family.. but I feel as though I need to, to relive some financial stress. + +The main thing bothering me, is that I earn a fairly decent wage (not quite highest bracket), only to live like a complete bum. I never treat myself, everything goes to my wife & kid or into debt. + +Are there any support groups for this sort of thing? + +I would love to hear how you are feeling as I feel very alone. +I just read an email from Ally they’re reducing their savings rate again down to 1.8%, it’s still pretty good considering how much rates have come down... but I know there’s better rates out there. I’m considering moving funds to a new HYSA. Who do you use, and what do you like about them? +My wife works in a restaurant that is owned by a rather vindictive, obscenely wealthy old lady. She was being disrespected regularly by the owner and management staff, and this week put in a formal letter submitting her two-weeks notice. + +Wife is now telling me that rumor is that the owner now wants to fire her. My advice to her was, "Make sure she says the words, "You are fired." or "You are terminated." If you get fired, you can collect unemployment from her. If she says something like, "I accept your two-weeks notice, but we don't need you to work the two weeks, you can go ahead and quit today." Don't accept that. She's essentially firing you without having to pay you unemployment. + +Is that advice decent? I doubt my wife would actually claim unemployment, but it's more about the principle of the thing. "You can't quit, because you're fired!" Fuck that. If you're gonna officially fire her to make her look bad, you better be ready to do it officially, which means ponying up for unemployment, termination pay, etc. Right? +Finally sold all of my crypto 😢 + +Times suck right now. I live pretty much paycheck to paycheck affording my own place (since my boyfriend and I broke-up early pandemic and he moved out) and other expenses. I had a series of unfortunate events with my car (flat tire twice in one week and had to get all new tires, then drop $1200 repairing the AC... only to find out there’s a ton more wrong with my car that would cost more than the car is even valued at). + +Anyway, with commuting roughly 25 miles a day round trip for work, I simply can’t go without a car (I used to take the buses which was almost 4 hours round trip each way). So, today I bit the bullet and sold all of my crypto after holding for nearly 4 years. In 2017, I was nearly 17k in debt and literally bought $500 worth of ETH on my credit card. At the time, it was maybe a stupid decision but a friend at the time kept raving about how it was going to take off. I’ve been through the highs and the lows as a small HODLer, and here we are back at a nice high like in 2018. + +Maybe this is the right time and it’s fallen into place because this will afford me a reliable car that should last me hopefully as long as my current one did till now. + +I’m super sad to no longer really be a part of this community, as I usually check through this subreddit at least 4-5x a week. I feel like I might be kicking my own ass at the end of the year if ETH hits 10k, but I am rooting for all of you! + +I don’t mean to sound like I am complaining. It didn’t make me a millionaire, but it has definitely made an impact in my life that has provided an opportunity to help me out of this really shitty situation. I am so grateful for the gains I was able to get! + +The moon draws closer. I pray each of you gets your Lambo. Meanwhile, I will be cruising along in my secondhand Mazda in a few days 😁 +**1600$ BROKEN! when I made this post it was below 1500$.** + +We did it! Finally Ethereum picking up some steam after getting rejected multiple times trying to breach ATH. By the time this post is out we will likely entering the 1500$ zone. After Hodling and buying more in the 100$ region I can’t express how happy I am with this outcome, Hodling is the way to go in crypto if you want to make longterm gains. I'm personally not thinking about selling yet, it feels like we're just at the start of something greater, something larger than we saw during the 2017/2018 bullrun. + +Prepare yourselves for a crazy altcoin season, may the gains be with you! + +**Edit 1:** 1490$ hit on Binance + +**Edit 2:** it hit 1498$, this is going insane + +**Edit 3:** Moon initiated! Holding above $1500 + +&#x200B; + +[I like round numbers](https://preview.redd.it/c0ac8xsxf4f61.jpg?width=403&format=pjpg&auto=webp&s=fa4180f696f96eaff5185d81ccc1bbed8e42d4eb) +It seems incredibly short sighted that the benefit you can get from a help to buy ISA was effectively frozen in time at 2015 house prices, when the scheme was devised. Despite the average house price increasing by over £30k in this time, the original limits of £250k and £450k in London still apply. If the the house you buy is over those limits, you get nothing from the scheme. This means the longer you wait and potentially the more you put into the ISA, the less likely it is that you will get any benefit from the account other than the small amount of interest. + +So if you have a substantial amount of money in a help to buy ISA you need to carefully consider whether this scheme will be useful for you when you need it, and if not, you probably need to think about putting the money somewhere you will get a better return. +Pulte buys 6 figures worth of GME. He is very vocal about GME. He does an AMA with us. Hedge funds contact him to ask what he is doing. The next day 75,000 puts are place on his “previous” company PulteGroup Inc. We are for sure winning. Why would Hedgies attack someone who is “throwing their money away on meme stocks?” +Answer: HEDGIES R FUK + +Edit: He is no longer involved in PulteGroup Inc. +Just checked the markets for the first time in a few weeks and saw cardano is at $0.37. I believe this is a steal in the long run. It may go lower but DCA is always an option +[https://www.idfcfirstbank.com/interest-rate](https://www.idfcfirstbank.com/interest-rate) + + +as the title says, link is given for reference. someone here mentioned it earlier, but now it is updated on the website. + +Any idea where to park money? Yes Bank is offering 4.75% on balance between 1 lac to 10 lacs and it is not progressive interest like IDFC. + +Edit: I am an NRI and was enjoying earlier 7% then recently 6% interest completely TAX FREE from IDFC with the freedom to withdraw and deposit as I please. Been with them for 3 years I think, it was anyways too good to be true. However, Debt Funds will be taxable for me and will make my funds non-repatriable so I'd rather stay away. +I have lost everything, and I'm not sure how to continue. This summer I invested $17,500 (six months salary and my entire life savings) into ornamental gourd futures, hoping to capitalize on this lucrative emerging industry. After watching a video about Vincent Kosuga and his monopoly on onions, I decided I'd try to do something similar with another vegetable. I did some research and found out many agricultural forecasters expected this year's gourd yield would be far smaller than the past, due to deteriorating soil conditions in central Mexico and a warmer-than-average spring. At first, demand soared around Halloween and prices skyrocketed, but the gourd bubble burst on November 12th. Unfortunately, the coronavirus caused a massive drop-off in demand due to fewer families decorating their tables for thanksgiving, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of December 2nd, a new email in my inbox caused my stomach to turn into a pretzel. The massive gourd shipment from Argentina, scheduled for early March, had arrived. I was planning on selling off my futures right before this, in February, but this ruined everything. To top it off, the gourds in this shipment were absolutely gargantuan, some topping 4 pounds each, causing the price-per-pound to drop like an anchor into the range of 6 cents per pound. I am ruined. +Ahead of possibly neutral > hot CPI inflation, doubting it comes out less than expected, I'm starting to notice the market is acting like it has forgotten that rate hikes begin next month? + +Anyone else have commentary on that? My review of 2018 suggests that rate hikes and balance sheet reduction are never "priced in". Because liquidity exists until it doesn't, and so discounting can only account for so much. + +But this little mini-rally (Bear rally?) seems very suspicious to me. Low volume, up day, ahead of CPI prints. + +I just like to talk about the broader market than individual stocks and would appreciate value investor opinions on the situation. + +It's frustrating that companies with 75 P/Es and a 10x book (750 Graham/Buffet ratio) are up 3%+ afterhours because OTHER companies did well.... Roku I'm looking at you. + +That can only happen if some mass of stupidity has forgotten that in about 3 weeks the first rate hikes will start sucking money out of the market like Spaceballs' ***Megamaid***. + +But I'm not trying to suggest the market should behave rationally, rather I'm just anticipatory to see if valueinvesting mindset will be validated tomorrow if the CPI is neutral-to-hot. + +Because it would seem absurd if this probable "bear rally" continues right up until rate hikes. + +But maybe the big institutions know how dumb retail is and simply turn off their shorts to let the price recovery before they just blast the short-side again? + +Anyway, there's some of my thoughts about the current situation. +Hi Dear Investors, In the book by Robert Gastrom - Warren Buffett Way, it says: For every dollar retained, make sure the company has created at least one dollar of market value, + +what does that mean? Can anyone give me an example? +Summary + +*Spotify is a young growth company dominating the audio streaming industry. Network effects will help them expand market-share a bit while economies of scale will help them become profitable. However, their competitors have deep pockets and seem willing to spend big to claim more of the pie for themselves.* + +Market Price = $238.70 +Estimated Value = $277.36 +Price/Value = 86.06% +Monte-Carlo Price Percentile = 28% +Rating At Current Price = ADD/HOLD + +\-- + +#### The Company + +Spotify is a global audio streaming service. It operates in two segments, Premium and Ad-Supported. + +1. **The Premium Segment** — \~*90% of Revenue* — Offers unlimited online and offline streaming access to its catalogue of music and podcasts without commercial breaks to its subscribers. +2. **The Ad-Supported Segment** — *\~10% of Revenue* — Provides on-demand online access to its catalogue of music and unlimited online access to the roster of podcasts to its subscribers with no subscription fees. + +Spotify is the world’s largest music streaming service with over 356M monthly active users, including 158M paying subscribers (as of March 2021). + +[Most searched music streaming services worldwide in 2020, by average monthly search volumes.](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fbbc7a813-ea6e-4fa1-a6b4-ba91421509a9_699x440.png) + +Spotify is available across most Europe, North and South America, the Asia Pacific region and Africa. By the end of the year, executives expect Spotify to be in 178 countries. However, Spotify is still essentially an American company with over 44% of revenues originating in the US. + +[Spotify still gets over 44% of revenue from the US,](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3a553411-bf59-45cc-adcd-3422ed5932bc_1572x742.png) + +The Spotify business model charges a monthly subscription to users but pays royalties to audio rights holders based on the number of streams as a proportion of total songs streamed. + +\-- + +#### The Financials + +Daniel Ek and Martin Lorentzon started the company in 2006 in Stockholm. In 2009 they expanded public registration for the service to the UK. Then in 2011, they opened up to the US and released the mobile application shortly after. Registration and user numbers surged. + +Since then, the company snowballed as it added content and expanded in current and new markets. The company’s used to free-trial strategy when entering a new market, and this worked exceptionally well. They would offer a six-month trial period where new users could listen to unlimited amounts of music for free. Then, after that, the free trial would expire and become ad-supported. + +Revenues have tripled over the last five years to almost $9.6B. While the company is still losing money, its losses are progressively getting smaller as it scales up. + +[Revenues have tripled over the last five years.](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa956683e-0890-4325-bc9c-0ef908c9798e_2400x1157.png) + +However, growth has been slowing over the last couple of years. The larger you get, the harder it is to grow. Moreover, the more market share you have, the harder it is to grow faster than the market. + +The company’s revenues, which were growing at a \~50% CAGR five years ago, are gradually beginning to grow more slowly. Over the last few years, this growth rate has come down to the 15-25% range (depending on how you measure it). + +[Growth has been slowing over the last couple of years.](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1ec4816b-ad72-46af-9afc-3dbc35edde96_2400x1163.png) + +Despite this slowing growth, the company has developed a network advantage that seems robust. Spotify primarily competes with Apple Music, Amazon Music, YouTube Music, Google Play Music, Sound Cloud, Deezer & Tidal. Although they compete to get exclusive rights from labels and media companies, some media is not exclusive and can feature on multiple platforms. Further, customers can and do sometimes have subscriptions to various services, although network effects are mighty in this industry. The more popular music a platform has, the more users will gravitate towards it, making it more lucrative for artists and labels, making it easier for the platform to attract more popular music. This cycle is an attractive feedback loop for the top dog.  + +By attracting a large user base (>44% of paid subscribers), the platform has become increasingly *necessary* to artists, producers, rights holders and record labels. This large audience makes rights holders more willing to distribute through Spotify and makes the catalogue more extensive, complete, and up-to-date. This, in turn, attracts more users. + +[The Spotify platform network effect.](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F266dfb72-fc49-4aae-840e-38b1ca9b841d_920x830.png) + +This network effect means that the big get bigger and the small struggle. Even though Spotify is already the most significant player in this market, it is still increasing its market share. In 2018, Spotify accounted for \~29% of all the global music streaming market revenue, while in 2020, the company accounted for over 32%. This dominant position hasn’t come cheaply or easily, though. Spotify is now spending over $1B/year on R&D. + +However, Spotify is still in the early/mid days of its corporate life cycle. It is a high growth company with a dominant market position. The management is trying to build the business out, solidify its position, expand into new markets, and eventually convert its current revenue potential into profits and free cash flows.   + +\-- + +#### The Story + +*Spotify is a young growth company dominating the audio streaming industry. Network effects will help them expand market-share while economies of scale will boost margins. But, their competitors have deep pockets and seem willing to spend big to get more of the pie.* + +**Total Market** — Spotify operates in the $24.6B (2020) global audio streaming market that economists expect to grow at a 17.8% CAGR until 2025. The growing popularity of platforms and internet subscription services and the proliferation of personal devices are the primary drivers of this growth. + +This is a large market that is growing rapidly. And, by expanding into new countries (soon to be in 178), Spotify is increasing the market size they play in. + +**x Market Share** — Spotify had increased its global market share from \~29% in 2018 to 32% in 2020. Despite already being the dominant player, I have assumed that network effects will help them increase this market share of global revenues to 34% by 2025. + +**= Revenues —** By expanding their market and taking more market share as per the above numbers, I assume that Spotify will grow at a CAGR of 19.24%. Analyst consensus is for a 19.19% growth rate over that time. + +**Less: Costs** — Spotify claims that they can get royalties as a share of revenues down to 70%, and I believe them. As I pointed out in my last valuation, its bargaining power has increased as it has scaled and become increasingly vital to the music industry. The company’s cost of revenue was over 88% in 2015 and is now below 75%. Also, as economies of scale continue to kick in, proportional fixed costs will come down. + +**= Operating Income** — On an R&D adjusted basis, Spotify’s operating margins are currently -0.23%. Over the last five years, Global Advertising businesses have averaged margins of 7.89%, Entertainment companies have averaged 14.5%, and Internet Services and Social Media firms have averaged 23.8%. + +I have decided to treat Spotify as operating as a combination of the above three. The Ad-Supported Segment is an Advertising business that comprises 10% of revenues, while the Premium Segment is an Entertainment/Internet Service business and makes up 90% of revenues. As a result, I have forecast stable margins of 16.3%. It’s important to note that there is reasonably strong resistance to margins getting much above 20% because of the royalty model unless other expenses are drastically cut. + +**Less: Taxes** — I have modelled for Spotify’s tax rate to go from the current effective rate of 15.69% to my estimate of the global GDP weighted average marginal corporate rate. There are also some operating losses shielding taxes over the next two years. + +**Less: Reinvestment** — Spotify is an exceptionally capital-light business producing $6.58 in revenue for every $1 capital invested. I have modelled the company to stay capital-light but with large R&D spending requirements and potentially some small acquisitions. They’re already spending >$1B each year on R&D, and I have forecast that they will pour over $3.8B in net capital back into the business over the next ten years. + +**= Free Cash Flows** — Based on this, Spotify will move to become FCF generative by 2022/’23, and I don’t expect that they will need a capital raise. + +**Adjust For: Time Value & Risk** — Spotify reports in Euro’s, but as its primary listing is on the NYSE, I decided to value them in USD. The company is a Global Entertainment, Advertising and Internet Services business with a 0.37x operating leverage ratio and 5% D/E ratio. Based on my forward 3-year average interest coverage ratio estimate, I have assigned an A3/A- synthetic credit rating and the implied 1.4% chance of distress. + +**Add: Non-Operating Assets** — Spotify owns a range of liquid/illiquid securities and an 8% stake in Tencent Music Entertainment. These are on the balance sheet at a fair value of almost $3B. I have gone with the accountants and assumed their valuations are correct. + +**Less: Debts & Other Claims** — There are debts & leases with an NPV of \~$2.3B and 12.15M employee warrants outstanding that I have valued at \~$1.7B. + +\-- + +#### The Previous Valuation - January 2021 + +When I valued Spotify earlier this year, I told a similar story about an audio streaming business with a dominant position and network effects that would continue growing and scaling and eventually achieve modest profitability. + +The stock was trading at $341.30, and I valued it at $257.7 (although I valued it in Euro’s then) and gave it a *Reduce* rating. Since then, the price has come down to $238.7. Although my story has remained roughly the same, my growth forecast has come down slightly, and my margin forecast has increased slightly. + +Changes to inputs (Jan ‘21 —> Jul ‘21): + +* **Growth:** 22.0% —> 19.24% +* **Margins:** 16.0% —> 16.3% + +\-- + +#### The Valuation + +The company reports in Euro’s, but its primary listing is the NYSE. I have valued it in USD. + +**Growth Rate:** 19.24% +**Stable Margins:** 16.30% +**Cost of Capital:** 5.82% + +[Valuation Model Output Summary](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F83b30544-ac93-4a84-b51b-04b93d0f681f_3300x2127.jpeg) + +**Valuation Model Output:** +Estimated Intrinsic Value/Share = $277.36 + +**Monte-Carlo Simulation Intrinsic Value Percentiles:** +90th = $378.74 +75th = $333.13 +50th = $282.45 +25th = $231.78 +10th = $186.17 + +\-- + +#### Market Price & Rating + +Market Price = $238.70 +Estimated Value = $277.36 +Price/Value = 86.06% + +[MC Simulation Percentiles and Stock Price](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F157adfd8-9168-4673-b019-86b3cdb06a62_1954x1208.png) + +Monte-Carlo Price Percentile = 28% +Likelihood Overvalued = 28% +Likelihood Undervalued = 72% + +Rating At Current Price = ADD/HOLD + +\-- + +**More of My Valuations & Research:** + +See the original post [here](https://valuabl.substack.com/p/spotify-technology-sa-spot-a-valuation-b0a). +Subscribe to my valuations [here](https://valuabl.substack.com/welcome). + +\-- + +**Disclaimer:**  +This publication is not financial or legal advice. This research is an independent analysis. +Currently chubby, and planning to fatFIRE in several years. This sub seems to treat the 4% investment withdrawal rule as sacrosanct, I wonder if I can withdraw more because: +1) I likely won’t be able to keep up the fat lifestyle forever and likely could withdraw less later in life +2) the 4% rule was designed so there is a near zero risk of running out of money. That’s necessary if you’re skinny and need this money to get by, but us fatties should be able to tolerate more risk. + +Thoughts? Any good calculators to help plan? + +Note: no heirs so hoping to die old and almost broke. +A lot of you don't need to read this because you may already understand the process. In the 9 years I've been working with civil collection firms I've worked on literally thousands of auto loan lawsuits. The most common thing I've heard in that time from the people we file against is "I shouldn't owe this I turned the car back in". A staggering amount of people don't seem to know how auto loans work, and feel the value of the vehicle supersedes their loan therefore they should not owe it. + +&#x200B; + +When you obtain a vehicle through a loan, the lender becomes a lien holder on the title and, in most cases, the bank that made the loan keeps the title until the car loan is paid off. Don't think of it like it's your car at all honestly until you pay that loan off. You aren't paying on the car, you are paying on the loan. + +&#x200B; + +When you turn the car back in, or it gets reposessed, they will sell the car at auction. Rarely does that sale even remotely cover the remaining balance on the loan. It's just like any other loan you default on, interest/fees will be calculated into your final balance. + +&#x200B; + +You will get a letter called a [Deficiency letter](https://imgur.com/a/lOext1T) which breaks down as to how they figured the final balance you owe after the loan has been defaulted on. I've included a screenshot of one of those letters from a case we filed with the court. This document is public record as it was filed under a civil complaint folks, I'm not breaking any laws by showing a copy of this. I have redacted some of the defendant's information regardless for their privacy. + +&#x200B; + +Like I said a lot of you probably already know how this works, but through my experience with many consumers I feel it may be worth explaining here. + +&#x200B; + +Edit because a lot of good points regarding this varying state to state, this may not apply to you in your state. I am referencing a Georgia complaint in this post which is consistent with a lot of states, but not all. +Links aren't allowed here, but it is legit a 35 minute long video, but worth it, seriously. Sums up a lot of good investment options. + +&#x200B; + +[Here.](https://www.youtube.com/watch?v=Brbjq92q2P0) +This not a normal DD on a single company. This is my take on the future of the automotive market in India and also Worldwide. This is my view, so feel free to correct me if I am wrong. + +Let me present you one point before going in to this. + +>***Traditional vehicle sales accounted for roughly $20 billion of the company’s valuation, while software upgrades and over-the-air (OTA) updates contributed more than an estimated $25 billion.*** + +While every one is busy restructuring their company and operations during COVID some players are ahead with their technology integration to get continues source of revenues. While some of you were familiar with BMW offering subscription services in their cars after people buying it\*\*\*\[1\]\*\*\*. + +Now yesterday when I saw that OLA is going to make it's own EV's, right at this moment I felt that "**IT'S HAPPENING**". I mean the transition started few years ago globally but it is happening at a large scale level in India right now. + +In the future (this is my forecast) we will be presented an option either to buy your vehicle or to subscribe to a plan\*\*\*\[2\]\*\*\* ***.*** + +Clearly Ola will be become a big player in this starting with 2 wheelers. Just like a startup called Bounce\*\*\*\[3\]\*\*\*, Ola will give their 2 wheelers for subscription and only difference is while Bounce is using TVS scooty pep and other models with their tech, Ola is making their own, giving them a clear advantage. + +So Ola starting with 2 wheelers is a move that we can all understand. We now looking for a transport option but we should maintain social distancing and we don't want to spend a more for a cab, so starting with 2 wheelers is good. Then later they said 4 wheelers will be available. + +But how this 2 wheelers rental will effect the HERO motors market share\*\*\*\[3\]\*\*\* in the future. Because on one hand this is financially a better deal to most of the Indian population and here come's the next biggest point + +>***Before the COVID-19 crisis, 34 percent of Generation Y consumers expressed a preference for rental and ridesharing products, whereas 6 percent of baby boomers shared the same sentiment. These preferences show how recurring revenue streams could become very important to automotive players*** + +that is before COVID, it will be more than that now. So if more people are willing to pay for a plan than to buy it one of, companies can enjoy recurring revenue or consistent revenue from the customer. + +**So subscriptions are coming and they are coming here to stay.** It might 5 or 7 years but there will be subscription's. Companies which adopt the new market norms will stay and the rest has to face harsh reality. Subscriptions type business models are now having a rapid early growth. + +&#x200B; + +Though there will be some market for direct buyers from older generations, we can't rule that out completely yet. + +Initially Maruti said we have to subscribe for 2 years minimum but now they reduced it to one year and I am sure if the demand kicks in, they will follow some of the plans like Zoomcar by reducing the term period and costs further down. + +&#x200B; + +Now we know that the market is going to change from one of sales to recurring business model. These kind of business model is actually common in digital platforms but once some majority people are willing to this model then we can expect a complete shift from OEM's to this. + +Technology will play a major role from here on. Epically when the self driving and ACES kicks in. Even if the OEM has a superior car, lack of technology integration will result a failure. We already saw this failure in Porshe. As the most of the auto industry reviewer's said that the Porshe has more power, good interiors and better overall, but failed to beat Tesla because of these key points, + +* Tesla charge station network is far more superior than every-one else +* Efficiency of the car because Tesla consumes around 350WH/Mi where as Porshe has 450WH/Mi +* OTA: Tesla's ability to update the entirety of its software via wireless downloads is something other automakers are still enviously racing to match, as is its Autopilot suite of driver-assist features, which came out a few years later. + +In all those points, we can clearly see that the technology plays a major role. Tesla did concentrated on technology and now figuring it out how to fit a car door properly\*\*\*\[4,5\]\*\*\*. + +MKBHD said + +>The porshe Tycan is the best driving electric car out right now.***\[6\]*** + +and in the end of his video he said he will take the Tesla because of the super charge network. + +So it is clear that technology plays a major role. Collaboration will be key here. + +I am interestingly watching how Maruti and Hero are turning their companies. Most of the people are saying that TATAMOTORS has a clear advantage in EV's, I am an Electrical Engineer and now working in blockchain and let me tell you any one of the current manufacture's can get their hands on battery based on their requriment. Globalization made it way more easy if you have cash. A startup can get their requirements filled in just 3-4 months if they have cash. It's the tech and integration which changes the entire playing field. + +In my view currently only one OEM in India has advantage over the industry and tat is TATAMOTORS. But it is not because of the battery or JLR branch. It is because of **Tata Elxsi. Tata Elxsi** has been selected by a North American for autonomous driving technology partner\*\*\*\[7\]\*\*\*. + +But in the future other technology companies will close the gap, so it is just a matter of time. + +Right now, no one knows how the adoption will be and how fast it is going to be. Only one thing I know for sure is technology is the key barrier here. Apart from the technology other's who are involving directly or indirectly in this are: + +* Automobile OEMs (2W, 3 W & 4 W developers) +* Power distribution companies +* PSUs in Power Generation Business +* IPPs +* Smart Grid & Smart City Operators +* EV Charger Suppliers +* EV Charging Station Set up providers +* EV Manufacturers +* Battery Manufacturing OEMs in India +* Power Project Funding Bodies +* Foreign Collaborating Agencies + +Source: + +1. [https://www.forbes.com/sites/alistaircharlton/2020/07/02/bmw-wants-to-charge-you-a-subscription-for-your-heated-seats/?sh=5eeedef33c64](https://www.forbes.com/sites/alistaircharlton/2020/07/02/bmw-wants-to-charge-you-a-subscription-for-your-heated-seats/?sh=5eeedef33c64) +2. [https://www.marutisuzuki.com/subscribe](https://www.marutisuzuki.com/subscribe) +3. [https://s3.ap-south-1.amazonaws.com/stockdiscovery/tijori/2020/500182/AR-20.pdf#page=55.00](https://s3.ap-south-1.amazonaws.com/stockdiscovery/tijori/2020/500182/AR-20.pdf#page=55.00) \- page 52 +4. [https://forums.tesla.com/discussion/98665/embarrassing-fit-and-finish-for-57k-car](https://forums.tesla.com/discussion/98665/embarrassing-fit-and-finish-for-57k-car) +5. [https://edition.cnn.com/2021/02/03/business/elon-musk-tesla-quality-problems/index.html#:\~:text=Consumer%20Reports%2C%20which%20has%20praised,vehicle%2C%20the%20Model%20Y%20SUV](https://edition.cnn.com/2021/02/03/business/elon-musk-tesla-quality-problems/index.html#:~:text=Consumer%20Reports%2C%20which%20has%20praised,vehicle%2C%20the%20Model%20Y%20SUV). +6. [https://youtu.be/BAZX9p2oGOg?t=570](https://youtu.be/BAZX9p2oGOg?t=570) +7. [https://www.tataelxsi.com/investors/Fact-Sheet/FY21-Q3-Fact-Sheet.pdf](https://www.tataelxsi.com/investors/Fact-Sheet/FY21-Q3-Fact-Sheet.pdf) +8. [https://www.transparencymarketresearch.com/vehicle-subscription-market.html](https://www.transparencymarketresearch.com/vehicle-subscription-market.html) + +&#x200B; +This not a normal DD on a single company. This is my take on the future of the automotive market in India and also Worldwide. This is my view, so feel free to correct me if I am wrong. + +Let me present you one point before going in to this. + +>***Traditional vehicle sales accounted for roughly $20 billion of the company’s valuation, while software upgrades and over-the-air (OTA) updates contributed more than an estimated $25 billion.*** + +While every one is busy restructuring their company and operations during COVID some players are ahead with their technology integration to get continues source of revenues. While some of you were familiar with BMW offering subscription services in their cars after people buying it\*\*\*\[1\]\*\*\*. + +Now yesterday when I saw that OLA is going to make it's own EV's, right at this moment I felt that "**IT'S HAPPENING**". I mean the transition started few years ago globally but it is happening at a large scale level in India right now. + +In the future (this is my forecast) we will be presented an option either to buy your vehicle or to subscribe to a plan\*\*\*\[2\]\*\*\* ***.*** + +Clearly Ola will be become a big player in this starting with 2 wheelers. Just like a startup called Bounce\*\*\*\[3\]\*\*\*, Ola will give their 2 wheelers for subscription and only difference is while Bounce is using TVS scooty pep and other models with their tech, Ola is making their own, giving them a clear advantage. + +So Ola starting with 2 wheelers is a move that we can all understand. We now looking for a transport option but we should maintain social distancing and we don't want to spend a more for a cab, so starting with 2 wheelers is good. Then later they said 4 wheelers will be available. + +But how this 2 wheelers rental will effect the HERO motors market share\*\*\*\[3\]\*\*\* in the future. Because on one hand this is financially a better deal to most of the Indian population and here come's the next biggest point + +>***Before the COVID-19 crisis, 34 percent of Generation Y consumers expressed a preference for rental and ridesharing products, whereas 6 percent of baby boomers shared the same sentiment. These preferences show how recurring revenue streams could become very important to automotive players*** + +that is before COVID, it will be more than that now. So if more people are willing to pay for a plan than to buy it one of, companies can enjoy recurring revenue or consistent revenue from the customer. + +**So subscriptions are coming and they are coming here to stay.** It might 5 or 7 years but there will be subscription's. Companies which adopt the new market norms will stay and the rest has to face harsh reality. Subscriptions type business models are now having a rapid early growth. + +&#x200B; + +Though there will be some market for direct buyers from older generations, we can't rule that out completely yet. + +Initially Maruti said we have to subscribe for 2 years minimum but now they reduced it to one year and I am sure if the demand kicks in, they will follow some of the plans like Zoomcar by reducing the term period and costs further down. + +&#x200B; + +Now we know that the market is going to change from one of sales to recurring business model. These kind of business model is actually common in digital platforms but once some majority people are willing to this model then we can expect a complete shift from OEM's to this. + +Technology will play a major role from here on. Epically when the self driving and ACES kicks in. Even if the OEM has a superior car, lack of technology integration will result a failure. We already saw this failure in Porshe. As the most of the auto industry reviewer's said that the Porshe has more power, good interiors and better overall, but failed to beat Tesla because of these key points, + +* Tesla charge station network is far more superior than every-one else +* Efficiency of the car because Tesla consumes around 350WH/Mi where as Porshe has 450WH/Mi +* OTA: Tesla's ability to update the entirety of its software via wireless downloads is something other automakers are still enviously racing to match, as is its Autopilot suite of driver-assist features, which came out a few years later. + +In all those points, we can clearly see that the technology plays a major role. Tesla did concentrated on technology and now figuring it out how to fit a car door properly\*\*\*\[4,5\]\*\*\*. + +MKBHD said + +>The porshe Tycan is the best driving electric car out right now.***\[6\]*** + +and in the end of his video he said he will take the Tesla because of the super charge network. + +So it is clear that technology plays a major role. Collaboration will be key here. + +I am interestingly watching how Maruti and Hero are turning their companies. Most of the people are saying that TATAMOTORS has a clear advantage in EV's, I am an Electrical Engineer and now working in blockchain and let me tell you any one of the current manufacture's can get their hands on battery based on their requriment. Globalization made it way more easy if you have cash. A startup can get their requirements filled in just 3-4 months if they have cash. It's the tech and integration which changes the entire playing field. + +In my view currently only one OEM in India has advantage over the industry and tat is TATAMOTORS. But it is not because of the battery or JLR branch. It is because of **Tata Elxsi. Tata Elxsi** has been selected by a North American for autonomous driving technology partner\*\*\*\[7\]\*\*\*. + +But in the future other technology companies will close the gap, so it is just a matter of time. + +Right now, no one knows how the adoption will be and how fast it is going to be. Only one thing I know for sure is technology is the key barrier here. Apart from the technology other's who are involving directly or indirectly in this are: + +* Automobile OEMs (2W, 3 W & 4 W developers) +* Power distribution companies +* PSUs in Power Generation Business +* IPPs +* Smart Grid & Smart City Operators +* EV Charger Suppliers +* EV Charging Station Set up providers +* EV Manufacturers +* Battery Manufacturing OEMs in India +* Power Project Funding Bodies +* Foreign Collaborating Agencies + +Source: + +1. [https://www.forbes.com/sites/alistaircharlton/2020/07/02/bmw-wants-to-charge-you-a-subscription-for-your-heated-seats/?sh=5eeedef33c64](https://www.forbes.com/sites/alistaircharlton/2020/07/02/bmw-wants-to-charge-you-a-subscription-for-your-heated-seats/?sh=5eeedef33c64) +2. [https://www.marutisuzuki.com/subscribe](https://www.marutisuzuki.com/subscribe) +3. [https://s3.ap-south-1.amazonaws.com/stockdiscovery/tijori/2020/500182/AR-20.pdf#page=55.00](https://s3.ap-south-1.amazonaws.com/stockdiscovery/tijori/2020/500182/AR-20.pdf#page=55.00) \- page 52 +4. [https://forums.tesla.com/discussion/98665/embarrassing-fit-and-finish-for-57k-car](https://forums.tesla.com/discussion/98665/embarrassing-fit-and-finish-for-57k-car) +5. [https://edition.cnn.com/2021/02/03/business/elon-musk-tesla-quality-problems/index.html#:\~:text=Consumer%20Reports%2C%20which%20has%20praised,vehicle%2C%20the%20Model%20Y%20SUV](https://edition.cnn.com/2021/02/03/business/elon-musk-tesla-quality-problems/index.html#:~:text=Consumer%20Reports%2C%20which%20has%20praised,vehicle%2C%20the%20Model%20Y%20SUV). +6. [https://youtu.be/BAZX9p2oGOg?t=570](https://youtu.be/BAZX9p2oGOg?t=570) +7. [https://www.tataelxsi.com/investors/Fact-Sheet/FY21-Q3-Fact-Sheet.pdf](https://www.tataelxsi.com/investors/Fact-Sheet/FY21-Q3-Fact-Sheet.pdf) +8. [https://www.transparencymarketresearch.com/vehicle-subscription-market.html](https://www.transparencymarketresearch.com/vehicle-subscription-market.html) + +&#x200B; +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Just curious what everyone here is doing to protect themselves against the eventual correction in asset prices. + +A bit of context here: I’m a chartered accountant working in senior management at a real estate developer. I have experience in valuations across most asset classes (stocks / real estate / business valuations etc). + +This is the first time I have ever seen every single asset class so substantially inflated: stocks, real estate, crypto currency. Whatever it is, every asset class is at all time highs. We all know the reasons why this is the case: excessive money printing & all time low interest rates have created a yield hungry environment with inflated asset prices. + +I don’t want to waste time talking about why this is the case, but I would like to know, what are you doing to protect yourself against the eventual correction in asset prices? + +Quite honestly, I’m not sure what to do here. You either hold money in cash and risk missing out on further price appreciation, or you are fully invested and exposed to asset price corrections. Thoughts? +Folks, + +wanted to share some reasons why I feel OMG will usher fundamental changes to crypto and expand ethereum's ecosystem. First some context -- in the early days of bitcoin, we were excited as heck for a currency that - for the first time in modern history - has successfully managed to separate currency from governments. This was groundbreaking, and for many -- bitcoin was the ultimate solution, and 'altcoins' that largely forked off of bitcoin were considered crap by many. Then ethereum came and turned altcoins upside down with a far more ambitious and versatile platform - one that managed to very rapidly command a leading share of developers time and imagination. The fact that start up projects can be rapidly funded through ICOs only propelled the ecosystem. + +Today, and largely because of bitcion's nasty civil war, there are many blockchain-based currencies each with slightly different characteristics, but most of which are forked from bitcoin. Dash looks promising with its masternodes, incentivized ecosystem and remarkable governance system. And of course there are many others - litecoin, zcash, bitcoin, bitcoin cash (possibly more splinters to come), monero, and the very innovative IOTA with its tangle network (an emerging technology I hope the ethereum foundation studies for certain layer 2/3 applications on top of ethereum). + +So.....many investors and speculators began to hedge their bets trying to figure out which blockchain or currency will be the dominant one - after all, we were led to believe in bitcoin's early days that due to network effects of money --- that there can be only one. So which one? Bitcoin stalled for many years, others chains added innovations - but wait..bitcoin got its act together, wow! they are implementing segwit, lightning is around the corner, and soon they will be able to do smartcontracts too (rootstock). Oh wait....the drama isn't over, bitcoin cash is more profitable to mine, bitcoin is still prohibitively expensive (how many dollars per transaction again??), blockstream is still too dominant, etc... + +Enter OmiseGo. Why is this so fundamentally important to ethereum and crypto? Because instead of trying to figure out which chain is going to dominate or ultimately succeed as digital cash, payments, transfers, microtransactions, store of wealth, machine to machine payments, etc.............. we now have a plasma-based solution that is blockchain agnostic and can truly revolutionize payment technologies with a consumer experience that is likely to be far more user friendly, intuitive and have utility with actual usage. Omise the company is already working on this, has signed up merchants all over southeast asia, and is prepping to dominate the intersections between multiple blockchains, consumers, merchants (McDonalds already!?!$! ..YIKES). + +And remember the big deal we made about the lightning network finally being supported by bitcoin in recent weeks? And how litecoin jumped in market cap when they announced implementation? Well the guy that wrote the book on lightning networks is the same guy that co-authored the plasma whitepaper with Vitalik. + +Oh yes, let's not also forget that all ERC20 tokens can also be seamlessly exchanged in a decentralized, highly liquid manner using OMG tokens. I have come to the conclusion that instead of trying to figure out which blockchain is going to dominate (I still think ethereum and bitcoin - possibly bitcoin cash and dash will enjoy much success), why not invest in a technology that accommodates ALL of them, ties them into a seamless end-user experience, and is completely decentralized while adding significant value to the ethereum network through the bonded relationship that OMG's child blockchain is going to provide? The one ring to rule them all? Maybe.. + +Finally, the fact that investors can 'stake' their OMG to validate transactions, and as such be incentivized to support the OMG network will make OMG tokens even more valuable as tokens are locked in and tradeable supply is reduced. Once this takes off as the folks at Omise and Vitalik himself have envisioned, and OMG expands beyond Asia to take on Europe, Americas, Australia and Africa - the dividends that are to come could very well be enormous. + +We still don't have all the answers yet on how this will play out. How many tokens will be required for staking OMG tokens to validate the network? Ethereum played around with this number for a while, before settling what appears to be the 1,000 mark - similar to Dash's 1,000 requirement to run a masternode. I suspect OMG will lower the threshhold to keep this as decentralized as possible, and they seem to genuinely care about the little guys - the small investors that for far too long have been locked out of the most promising investments due to regulations and restrictions - ostensibly to 'protect' investors. + +I am also curious to know more about the blockchain implementation OMG has in mind. confirmation times per block, size per block, etc. I certainly hope that the Omise team is studying very carefully all the various technologies and solutions that are emerging, including tangle technology - and that they are incorporating the very best elements of each of them to come up with something awesome - something that furthers decentralization and is resilient against cyber attacks, bad actors and so forth. + +Well, this is getting too long. Happy hodling and as always, never invest more than you can afford to lose. Keep your own private keys whenever you possibly can. And remember the folks that made the most hodled the longest, so avoid the temptation to jump in and out for short term gains. Go long..grasshopper. + +Hi guys, my uncle is a self taught investment pro who spends lots of time on serious investing websites like Hot Copper and news.com.au. + +He just told me about this company called Emerge Gaming. + +They are involved in computer games or some shit, i don't know. They apparently have 889 million paying signed customers. + +The share price has unfairly taken a dip today, but he reckons it will certainly be $20.00 by a Christmas at some point in the future. + +He said i should buy the shares ASAP today in case they all run out in the rush before Christmas. Which makes sense coz my local Bunnings sold out of Christmas lights on Sunday, so i really don't want to miss this too. + +Games are the future, people like games, and it's kind of tech - so that's good, right? + +I figure i don't even need to tell my wife that I'm secretly betting the house on it because its such a sure thing. + +Get involved guys. + +Also; 🚀🚀🚀🚀 + +/s + +Edit: Based on a couple of DM's i just recieved from concerned people (thank you), i apparently need to add /s to the post. +Did you know TacoCat spelled backwards is also TacoCat? Well regardless, that is an obligatory piece of information. Now moving on.. 🚀🚀🚀 + + +TacoCat 🌮🐱 is not your regular BSC shitcoin. Oh no. This thing is picking up steam so fast, and possesses an absolute behemoth of a marketing team behind it. However, I appreciate that these days, people want to see what differentiates this coin from all the other moonshots out there. Allow me to explain. + + +🌮 HUGE LIQUIDITY 🐱 As of writing this post, according to Bog Charts, ~$1.8mil is locked in liquidity. This ensures protection against volatile price action, meaning whales selling will never crash the price substantially. + + +🌮 UNIQUE TRANSACTION FEE 🐱 We constantly see coins returning big percentages of the tx to holders, claiming this redistribution feature to be beneficial. TacoCat takes a 9% fee per transaction, and puts 8% back into liquidity, while redestributing just 1% back to all holders as a small thank you. The 8% going to liquidity means as the project and its holders grow, the liquidity will keep getting larger, and the price floor will rise accordingly. + + +🌮 BASED TEAM AND BOG DEVS INVOLVED ��� It’s no secret that everything the devs from Bog touch turns to gold. You can confirm their involvement in the project by joining the TacoCat Telegram and researching it yourself. Furthermore, the core team is ever expansive, and contains incredibly honest and hard working people. The owner conducts regular voice chats daily to directly address any fear, doubt or uncertainty. + + +🌮 HUGE MARKETING PLANNED 🐱 The marketing which is planned for this project is absolutely insane. If you thought that Safemoon or Elongate had incredible advertising and endorsement, just wait until you see what TacoCat has in store 🚀. I recommend joining the Telegram and listening in to the daily voice chat session to find out concrete details, but to share some teases here, think celebrity/influencer endorsements, family friendly mass-appealing merchandise store and branding, and even their very own Tequila brand. 👀🚀 + + +• Here are all the LINKS for your convenience • + + +🌮 Website: https://www.TacoCat.finance + + +🐱 Twitter: https://twitter.com/TacoCatCrew + + +🐱 Discord: https://discord.gg/KBMbkAcz + + +💬 Telegram: https://t.me/TacoCatCrew + + +🥞 PancakeSwap link: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&amp;inputCurrency=BNB + + +📈 Chart: https://charts.bogged.finance/?token=0xA8fcEe78B782eF97380326E90DF80D72f025f020 + + +As always make sure to conduct your own research before investing, and always, always invest only what you are comfortable with. Come hang out with us on Telegram or Discord and see how wholesome and motivated our community is before buying in! We are all dedicated to make this thing absolutely HUGE! 🚀🚀🚀 Soon, even your grandma will hear about the TacoCat 🌮🐱 +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! + +Asking on behalf of parents (72M & 69F), but also for personal interest after watching my aunt go through one of the worst medical outcomes possible. What are the specific FATfire means you take to optimize your longevity and quality of life? I will start it off with things that range from common sense to things that work for me. However, those are primarily budget-friendly so I want to hear your Fatfire suggestions- things like longevity clinics that focus on preventive medicine through regular screenings and advising on how to optimize health through diet, supplementation, lifestyle and risk factors. Im into things like the Huberman Podcast, + +Common-Sense Stuff: + +\-Exercise... basically as much as possible as far as I can tell cardio + strength training. If exercise is a huge chore for you do what you enjoy and what you can and don't beat yourself up about it. What is the fatfire approach to this during aging? + +\-Diet: Whole non-processed foods, fruits veggies and not industrially produced meats. lots of leafy greens, not a lot of carbs especially the processed bullshit in the states, avoid sugar, avoid processed seed oils, have a caloric restriction for yourself, and stick to it, especially at specific times. + +\-Fasting: Seems to be pretty important with the principal rule is don't always be eating + +\-Have a strong social circle. A super underrated one that probably alludes people. Seek people through common interests and shared values. Community breeds purpose. + +\-Purpose: Purpose breeds positive emotions + +\-Mental health + +\-Sleep optimization: How do fatfire folks optimize their sleep? I have terrible insomnia but understand the importance of sleep. Some common sense sleep approaches: avoid blue light at night, exercise, cool bedroom, breathe through your nose during rest and at all times, have a very dark sleeping area that is cool, Huberman's light exposure circadian stuff- aka get outside in the AM upon waking, as much as possible during the day, and at sunset. So basically go outside. + +\-Outdoor Exposure: Is proven to improve health outcomes and gratitude. + +\-Gratitude: Apparantly literally changes your brain like meditation. + +\-Meditation: Expands your mind like breathing exercises + +\-Breathing exercises: These have really worked for me and seem to be increasing in popularity. There seem to be two kinds IMHO uppers and downers. Exercises to upregulate your nervouse system and exercise to downregulate- use them respectively to get more awake and in your body and alert or to calm and relax and less alert. + +\-Cold & Heat Exposure: I love both cold exposure and sauna and firmly believe in the associated health and wellness benefits. I consider them positive stressors- health optimization isn't about minimizing stressors. In fact, humans are considered anti-fragile whereby the system becomes more resilient in response to stress. However, chronic stress of a negative and environmental kind must be avoided at all costs- they will ruin you and destroy your health and well-being. Interestingly, an apparent key factor in how to determine if a stressor is positive or negative is your mindset. When I get into cold water I tell myself that it's for my own well-being and therefore it is, and even the though first part always sucks I wouldn't trade it for anything, and the endorphin rush after and during is amazing. + +\-Positive Stressor Maximaztion & Negative/ Chronic Stress Minimization: Find some positive stressors that you can leverage + +&#x200B; + +&#x200B; + +Some Random Things Not To Do Before We Get Into FatFire Ideas: + +\-Smoke tobacco + +\-Drink in Excess + +\-Be Overweight + +\-Use motor vehicles with extreme caution and never drive drunk + +\-Use hard drugs + +&#x200B; + +Fatfire? + +\-Executive physicals (?) + +\-Screenings for common diseases (could people specify exactly what these would be?) + +\-Genetic Testing (what specifically should one be aware of in this space? Are services like 23andme etc good enough or no? If not, what would you recommend) + +\-Dentist, dermatologist, regular physicals + +\-Wearables (do these things actually help at this point are apple watch, oura ring, ect there yet?) + +\-Regular blood testing(does anyone have experience with services like insidetrtacker or a suggestion in this area?) + +\-Supplementation: I don't really even know where to start with this one, especially for people who are aging... I take an occasional multi-vitamin and but never know if it's + +\-Healthy Hobbies & Passions: Things that you enjoy doing and optimize health and ideally are outdoors are just a win win win- share you fatfire hobbies that keep you fit, healthy, and excited to go outside. +Last post re: earnings/documents wasn't taken so well even though I still stand by it but this is insanely bullish🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀for min character count +I am your stereotypical frugal software engineer, more than enough for FI with a SWR of 2.5%. The only thing I need to do is create passive income by either switching index funds to more dividend rich funds or by slowly siphoning off my current funds. + +Now for the RE part, that is what terrifies me. My spare time is spend with sitting behind my computer and browsing YouTube, Reddit and various news websites. I go to the cinema two times a week but I don't have any social interaction as I order my tickets online. Pretty much the same with holidays. In the summer I ride my motorcycle and sometimes my bicycle. If I would go RE that would pretty much be my life. Now I know that you will recommend to find friends, cool hobbies or sports but with my social anxiety I just don't see that happening. + +So, fellow software enthousiast, what do you do in the 40 hours a week that you used to work? Do you do open source projects? Certification? Hobby projects? + +I really want to quit my terrible job but I'm afraid that my life quality won't improve much. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +I'm learning forex for 10 months now, started live trading at the start of April, I started with 100e didn't blow any accounts I'm in profit altho it's only 200e profit over the last 5 month. + +I used to spend 10h a day learning forex, now I took it down to 5-6h a day, because I feel like I've watched so many videos everything sounds the same, but the more I watch n learn the less I feel like I know about forex.. + +I see a video and I know why they put their support n resistance levels where they put it, I know why they enter at that specific place, but once I get to my charts it all seems complicated and as if I just dunno what's goin on.. then again when I don't place a trade the trades go my way alot of the times, but when I do place a trade most times it goes the opposite way + +Any help or advice would be greatly appreciated. +This will be short and sweet: + +I am someone who "survived" the market in 2008. If you are an investor, not a trader, my advice to you at this point is: don't change your investments or contributions and shut off all the noise. It is not healthy and no one really knows what will happen. 10 years from now though, you will most likely be better off having changed nothing (assuming your were investing in a long-term balanced portfolio, and yes continue to rebalance if you have a set paramerter/schedule). + +To that end, I am unsubscribing to r/investing. Goodbye and good luck, this is where you really get to find out what your risk tolerance is :) +I've tried talking to quite a few therapists (in-person, Talkspace, and Betterhelp), but I can't seem to find anyone who I can trust. I don't really know what I'm looking for (or if this person exists), but right now I need some combination of therapy, coaching, mentorship, and accountability. Mostly just someone who I can vent to and talk about things I'm struggling with and get some help with prioritization and clarity. And then I need accountability to stick to a plan and untangle a bunch of stuff and make some progress towards my goals. + +My problem is that it can be awkward or dangerous to talk about some of this stuff (especially financial stuff) with friends or strangers. It's also really tough to find someone on Google, because the top results are some Tony Robbins life coach gurus trying to sell me a course. + +Any recommendations? +Think about how much the market would have to drop for you to sell. + +Will you sell at a 10% drop? + +Would you hold out until a 20% drop? + +Would you sell at 50%? + +If you're not willing to continue to hold when the market is down 80%, you're probably going to sell at the bottom. + +But that's okay! There are plenty of investments that will earn you a pretty consistent 5% per year while only risking around a 5% loss. + +But Crypto is not that. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + 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! + +Hello Apes and hedgies, this is my first attempt at a TA and i will be utilizing technical indicators. + +So for those of you who do not know what the MACD or RSI are, strap the fuck up, put on your got damn helmet, tell your wife's boyfriend to bring a banana smoothie and lets see if we can put a few wrinkles in your brain. + +&#x200B; + +**THE MACD** + +&#x200B; + +So the MACD stands for Moving Average Convergence Divergence. It is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. The **MACD** is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. I'll explain this in a much more simpler way later on in this post with nice lines. + +&#x200B; + +**THE RSI** + +&#x200B; + +The RSI or Relative Strength Index is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. This is generally measured between the numbers 70 and 30. The higher the RSI gets to 70, the more overbought the security is considered. The lower to 30 it is, the closer it gets to being in what is called oversold territory. + +&#x200B; + +Now i know some of you might have some crayons in your nose rn preventing some wrinkles from forming so this is where you are going to want to pay attention. + +&#x200B; + +&#x200B; + +&#x200B; + +[current RSI and MACD](https://preview.redd.it/qurwnd2x57q61.png?width=546&format=png&auto=webp&s=5b11dabddb3c430d4a7be6b9fd6a9ed8dc110dd6) + +So in this pic above, is the current MACD and RSI on the 1 day time frame. The RSI shows it is about 50, which is neutral. meaning it is not overbought or oversold. The MACD on the bottom is the real important kicker. You see how close those lines are together right now? Got damn that is what makes an Ape cry. This is indicative of a breakout. It has been consolidating around the same price, which deflates the RSI from overbought to neutral. In the bottom the bars going up and down below the midpoint shows the momentum of the security. Obviously red downward means downward trend, and green is vice versa. What is important is the far right how close the lines are. + +&#x200B; + +&#x200B; + +https://preview.redd.it/xxc0xape67q61.png?width=328&format=png&auto=webp&s=10f67f9e4a093ae8d67ebf00095811fbd4b43522 + +This image shows you the MACD and RSI on the \*last\* breakout that we had. Back in earlier March it broke up to 348 before being absolutely fucking dumpstered harder than Lebron when he yammed on that one white guy. As you can see, the lines again right before breakout are practically touching. When the volume is almost not even visible above the neutral line, and it's alternating back and forth, the stock is getting ready to either fucking rocket to got damn mars, or tell you what the earth's core is actually made of. + +&#x200B; + +&#x200B; + +https://preview.redd.it/v1hs1l3t67q61.png?width=341&format=png&auto=webp&s=78546e0cb8cdbf23b62b9cedb4c7518ec212e314 + +This is yet again another example of the MACD showing great consolidation, and little to no major movement, and then fucking \*BAM\* that shit shoots up faster than a smack addict getting a free score. The close lines and minimal volume is \*KEY\*. + +&#x200B; + +&#x200B; + +https://preview.redd.it/ae0zxgk377q61.png?width=456&format=png&auto=webp&s=1ce4b7b779155d92aa6f8fb4a1c43c7b68a58fd6 + +This is when it broke out at the end of January. LOOK AT THIS GOT DAMN MACD AT THE BOTTOM. Do you see how fucking close the lines are? Can you tell what happens next? Of course you know what the fuck happened or you wouldnt even be here reading this trash ass post right now. + +This is not financial advice and i'm just a crayon eating ape trying move up to fucking markers. + +TLDR: MACD and RSI says moon soon + +Edit: The yellow line is the MACD line and the red line is the signal line. When the MACD line crosses it upwards the momentum is up meaning price increase. Obviously vice versa on a downward cross. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +For context: I work 50+ hours a week so my pregnant wife can stay at home with our toddler. + +Money is tight, but one thing we always try to keep in a freezer is a frozen pizza. + +There have been so many times when I get off work and I'm tired, she's tired, neither of us have the energy to cook or shop. + +That ~$5 frozen pizza has prevented us from spending $15-$20 on takeout SO many times. + +I know it isn't the healthiest option, and may not be even the cheapest option, but some nights, it's a lifesaver. +I drive a 2004 Honda Accord with 360,000 miles on it. I really don’t want to buy another car until I absolutely have to but now that I see that many dealerships are selling cars for 0-1.5% Interest up to 7 years I feel like now may be the time to get one to plan for the future when this car eventually dies, which could honestly be any day or week from now. + +Would anyone recommend getting a car during this virus outbreak since the dealerships are hurting or not? +I moved into an apartment in San Diego about 1 year and 8 months ago. The lease says that I'm supposed to pay for the electricity and gas, but I've never received a bill in the mail, an email, or anything telling me what I owe or how to pay. To even sign up for an account on the utilities website, you need to provide the account number found on your bill (which I've never received). + +I live alone and the apartment building is owned by a property management company. I assume they must be inadvertently paying the bill? But I've never heard anything from them or the utilities company about the issue. I also check my credit score on a regular basis and it's never been affected by not paying these bills. + +While at first my thinking was to just not say anything and wait for a bill/shutoff notice/some kind of notification, now it's been so long that I don't know what to do. I'm nervous I'll be hit with a big penalty since so much time has passed, but I just don't know how to access or pay these bills. + +How should I handle this situation? +I have a low milage vehicle that fits my family of 4 perfectly. However, I want a truck. I've always wanted a truck. I know financially anyway I add it up it makes more sense to keep my current vehicle. However, I want a truck. For a few days I'll talk myself out of it, and then I find myself browsing around looking at trucks again in a few days. This has been going on for years. + + +So when you WANT something and don't NEED it, what tricks do you use to get the idea to stay out of your head for more than a few days? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- 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. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + 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! + +Little by little I've added GME to my portfolio over the past year. Day after day I check in and watch the price go up and down up and down. I've told my friends, co-workers, family, and my girlfriend that this is the way, that the MOASS is coming. I have gotten used to the eye rolls and the FUD. I came into a little extra money, held it for a couple of weeks, and this morning I said to myself, yeah, why not? + +I just hit 101 shares. I needed to tell someone who would listen. Thank you for that. + +Bring the tendies. +When either rehabbing a property to make it rent ready, or just generally upkeeping it during turnover, what flooring materials, paints, cabinets, etc, do you trust and use most often? I'm putting together a list of materials to make decision making easier down the road and I'd like the opinions of those of you who are seasoned and have real experience with specific materials (vinyl flooring types and brands, laminate, tile, faucets, light fixtures, what-have-you). I've looked things over in the store and read their little sales pitches but I'm skeptical of anything a company says about their own product. "We're the most durable in the business", "This paint hides stains and cleans easily", "These cabinets are life-proof". So I'm coming to you guys who have nothing to gain or lose by spilling the best and worst products you've used in your rentals. +I don't know if I'm the only one who thinks this way, but it's extremely difficult for me to comprehend how real estate prices will continue to go up (and outpace inflation) forever. Everyone I talk to in real estate believes that to be the case. + +If prices continue to outpace inflation forever, then eventually no one will be able to own a home except a few people. Eventually it has to hit a point where it levels out. What makes it more difficult is that investors will continue to invest and eventually there will be no homeowners -- only investors and renters. + +Let's take coronavirus for example. The people getting hurt the most are the renters, they are the people losing their jobs. Because of this, they are way less likely to ever buy a home meaning that they are way less likely to buy a home and those homes will be bought by investors. In addition, the homes that get foreclosed on will be bought by investors as well. + +Is anyone else concerned about this? I really don't know the end in sight but it doesn't seem good. Maybe I shouldn't be saying this on this sub, but a system where people continue to gain passive income without providing much work to society doesn't seem sustainable. + +Thoughts? +A Game Changing Release to the BSC World!🔥🚀 + + ️💥Welcome I-NDC 💥 + + By Nano DogeCoin + +📢ANNOUNCEMENT TODAY AT 5PM UTC 📢 + + +I-NDC is a revolutionary and state of the art staking implementation within Nano Dogecoin's dashboard that has NEVER been done before in the entire crypto market! + +$NDC, is breaking many barriers and surely has the moon as it's destination. $NDC holders are rewarded daily in USDT and holders have attested to the steady increase of reflections they receive. Now a major bonus to the already groundbreaking strategy, Nano Dogecoin releases I-NDC to it's holders on August 23rd, 2021. + + +Here's The NDC REVOLUTION: + +1.) Dual staking + + - NDC rewards & USDT reflection + + - compound NDC with 0% fees + + - compound USDT with 0% fees + +2. Lower Taxes to 3% + +3. 20 Trillion Token Burn - 2% of supply + +4. INDEX FUND- NDC + + +⚙️Tokenomics: + + • 1% USDT Redistribution + + • 1% Marketing + + • 1% Liquidity + + +STAKING, BURN, AND 3% TAX IS GOING LIVE ON THURSDAY. TIME WILL BE ANNOUNCED IN OUR TELEGRAM. + + +Join the community to be a part of the NDC REVOLUTION! + +Telegram: https://t.me/NanoDogecoin + +Website:🌎 http://NanoDogeCoin.com + +Twitter:🐥https://twitter.com/nanodogecoin?s=21 + +Telegram (https://t.me/NanoDogecoin) +PLTR dropped quite a bit recently because of insider and early investor selloff. The first day they were allowed to sell was Thursday last week I believe. Anyway, insiders sold only a small portion of their holdings and it looks like a great buy. I just picked up 10 x May 21 $40C for $1.60. I don't know if it'll hit 40 but i think there will be a reversal pretty soon and i will be able to make a tidy profit. +I mean we should be a community and help each other. I say ‘should be’ as everyone here is suspicious that all posts are just to farm moons...and that’s quite hilarious...one cannot ask a simple question (on this subreddit - because of moon farming) and he is beloved to be a farmer...the war on moons 😂🤪😂. + +By the way I give moons to every post just because, as I said before, I’m happy if you guys can fix your lives. Even to the moon-farmers, I can’t care less. + + That’s it. I expect a lot of downvotes and crazy comments (like: “this is what someone who’s looking for moons would say”...well think what you want and simply do not give moons if this is your thoughts, I don’t even know what to do with moons. I have eth, btc and I’m DCAing...so...). + +Sorry about my English. +This may have been covered already, and/or I may be wrong, but I have a theory. I'm relying on this sub to poke holes in this theory or provide additional insight. + +GameStop's moon tweet (below) has a pretty interesting element to it. The GameStop logo... It's GS not GameStop. They created **(edited, ffs)** this image which means they had control over every detail. I've done some searching and I can't find that GS logo anywhere on any official GameStop branding. + +Why did they go with GS instead of their corporate logo? There's certainly enough room on the sleeve to use their corporate logo. + +**I think they are going to rebrand**. Now changing a logo in itself doesn't mean anything. BUT, if the logo change comes with an official name change (GS, Corp., for example), then this would cause a change in CUSIP number. + +"It is my understanding that the mechanics of the CUSIP change (with name change) would effectively **prevent trading shares of the old CUSIP # and would create an entirely new set of shares through the DTC**. By doing this, the DTC is forced to account for ALL of the old shares exchanged for the new shares. **Without the name change, the old shares would simply be renamed. With the name change, they are physically exchanged which will isolate phantom shares and force covering.**" ^(sourced) + +Is this what RC is planning? If so, this could be the catalyst we need... + +&#x200B; + +Edit: they did not create the image itself, but they did edit it. And they edited it with a logo that I haven't previously seen and cannot find anywhere else. + +Edit 2: did not site source for my confirmation bias on legal name change / CUSIP # implications. Yes, copied and pasted. The facts remain the same though. + +[https://investorshub.advfn.com/boards/read\_msg.aspx?message\_id=82107281](https://investorshub.advfn.com/boards/read_msg.aspx?message_id=82107281) ^(source) + +Edit 3: I appreciate all the feedback, both positive and critical. I didn't expect this to gain this much traction. One piece I want to elaborate on is the rebranding. **Whether they decide to rebrand or not, they may make the legal name change while keeping GameStop as their trade name (DBA).** So there is merit to the point that they may not actually rebrand, but changing their legal name would require a change in CUSIP # which could be a catalyst. + +Have some rockets 🚀 🚀 🚀 🚀 🚀 + +&#x200B; + +https://preview.redd.it/cpjvrnrv3wy61.png?width=2359&format=png&auto=webp&s=433b0a216c4684629c57faff509718ae0db338eb +Hi all, + +&#x200B; + +Background: I'm a 27m, earn a bit over 2k a month, I am an expat living in Germany. Finishing my phd but intend to not move back to my home country (also in europe). + +Basically, the title. How do I become again comfortable spending money? In my home country the salaries are not nearly has good as in Germany, but the funny thing is that when I lived there, I didn't mind spending some of my salary on stuff I enjoyed that I don't really really need (for example new pc to play some video games just because its fun). I was always very responsible with my money by the way. + +But since I moved to Germany I started earning a lot more, saving a lot more. Corona hit and basically I was only spending money on food and rent. Got some nice savings, started learning about investing and so on. + +Now I got to the point that I start thinking about buying something for myself a bit more expensive and feel guilty for wanting to do it. This is money I could use better! Save it up for a house for example! At the same time I would like to spend some money on hobbies that might even be a bit childish. + +How do I learn how to or how do I become comfortable with spending money again? This might seem ridiculous but I start even getting pissed with myself. Both for wanting to spend money I saved/could be saving and for not wanting to do it. Its frustrating. + +&#x200B; + +\------ + + +Edit: Thank you all for your kind and logical answers! I do know of the 50/30/20 rule, I apply it already but end up still feeling guilty about spending those 20% of fun. I agree with most of you, I think I need a plan at longer term. Maybe this will help me realize that spending those 20% of fun won't affect my life as much as I think/am afraid. I also need to change my mindset and not be so "cheap". +Newbie, but love everything about forex. Ive been told that I'd need at least $80-100k to play with or I'd just be wasting my time. If I decided to trade for a living and needed weekly withdrawals of lets say $500, is it truly only possible with a 100k account? What account size do some you veterans trade with? +[original post](https://www.reddit.com/r/personalfinance/comments/4jyy8r/just_got_out_of_prison_and_owe_so_much_money/) + +It's been a year since I got out of prison and thought about updating for a few months but wanted everything to be absolutely settled before I did. I ended up moving to a more tech friendly city and the job search was still rough. I actually got a job offer 2 weeks after moving and was so excited to start. They asked about my background and I was totally honest with them. After some discussion, they still wanted to hire me but then a few days later I got a call saying HR wouldnt allow it. I was pretty beat up. Over the next few months I got a few interviews and even job offers but any time the background check came up I was denied. The only thing worse than not having a job is knowing you have the skills to get hired but something like this holds you back. Im not going to lie and say it was easy. I broke down some nights but picked myself back up the next day and put out my application again. I worked at a restaurant to make some kind of money and it was rough. I was coming home with $10 sometimes and wondered if this was really going to be my life. + +I continued to get calls from debt collectors but ignored them everytime. In the end of September I was having a particularly rough week making no money a work (serving tables) and had a job interview lined up. I didnt really have much hope for this job but figured screw it. Later that day they told me I had the job but at that point it didnt even bring me excitement as I've heard that line before. I did the usual background check and waited for the fatal call. A call came that Friday and was told I was to start on Wednesday of next week. I was confused and in disbelief. Everyday for a few weeks I expected someone to call me or pull me to the side work and tell me there's been a mistake. For the first three months I never even brung anything to put on my desk cause I figured it was any moment now. I worked there making more in one week sitting at a desk doing what I love to do than I was busting my butt for an entire month at a restaurant. + +Finally, one day in Janauary I was pulled to the side. The hiring manager asked me to see him in his office and he had a pretty serious look on his face. He sat me down and told me I've been doing very well these past couple of months. My supervisors are impressed with how fast I've caught on and they decided to give me promotion. I was blown away. So here I was, 4 months into a job and I was offered a promotion with a great raise. + +I still work hard everyday there. I study up and learn more and try to improve myself with programming everyday. I look back at those few months where I was job searching and know that I made it as far as I did because even on days I was so depressed I didnt even want to get out of bed, I still got up and tried. What else could I do? I still worry about the future but for now, I want to work here for a while getting as much experience and time behind me so my criminal history will pale in comparison to my skills and drive to succeed. Ive even managed to get a pretty good girlfriend who know all about my past and we've been dating for five months. She's supportive and is proud of how far I've gotten and how much I still do to make sure my past does not define me. I've helped a number of people start on their programming career and have even given presentations for new comers. Have I gotten some back lash? Yes, but screw those people. + +As for my loans, I've saved up an emergency fund for 6 months and as of 2 weeks ago, I paid the last bit I owe on my credit card. I still have a mountain of student debt but I pay it off bit by bit. I dont get anymore calls about money I owe and well, life is alright. I hope anyone who is in a similar situation as me can look at this and know, someone in the same boat as you has made it through and succeeded. + +--- + +TLDR; hard work and perseverance pays off. + I recently found this Token on the BSC that I would class as a hidden gem, and I’m here to share it to see what you crypto moonshoters think. + +I've been farming LAMA for weeks, 800% APR, doesn't go down like PancakeSwap does eventually. Cool site, cool community. + +The LAMA Token is “where the coolest llamas go yield farming, on Binance Smart Chain”. It is a pancake/goose finance fork with big ambitions to set this Llama aside from the herd. So, let me list the positives. + +Why LAMA? + +\- Low Market Cap \~$130k (meaning large X gains are highly possible) + +\- Good Dev Team (regularly post articles about the Defi space) + +\- 100% Transparent + +\- Smooth Website (farming is smooth and making me good gains) + +\- Excellent Road Map (exciting features on the way) + +\- Over A Month Old (proving this project is established and here to stay) + +\- SAFU (no migrator function no risk of ‘fast scam’) + +\- Fun Emerging Community + +\- SPIT (utility token with new uses, earnt by holding and farming with LAMA, this is HOT!) + +\- New Unique Lottery and Gambles (on the way in Q2) + +\- NFT Games and Collectables (who doesn’t want to collect Llamas? Coming Q3) + +It is hard to see any clear negatives with this project, but there are always areas a project can improve. LAMA has a lack of advertisement at the current time, but the Devs do plan to once the full product is established (so we are early)! Although the project seems to be quiet regarding price, I see this as a great opportunity to get a great buy time! Let me know what you think about LAMA. + +Links – + +Website: [https://llamaswap.finance/](https://llamaswap.finance/) + +BscScan: [https://bscscan.com/token/0x0FC013E24AE732fcEc9Eb6BF8CAE12782a56bE7E?a=0xc79a2e763318580076f7609777b9862dc06886c1#tokenInfo](https://bscscan.com/token/0x0FC013E24AE732fcEc9Eb6BF8CAE12782a56bE7E?a=0xc79a2e763318580076f7609777b9862dc06886c1#tokenInfo) + +Pancake: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0FC013E24AE732fcEc9Eb6BF8CAE12782a56bE7E](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0FC013E24AE732fcEc9Eb6BF8CAE12782a56bE7E) + +Telegram: [https://t.me/LlamaSwap](https://t.me/LlamaSwap) + +Twitter: [https://twitter.com/llamaswap](https://twitter.com/llamaswap) + +Contact Address – 0x0FC013E24AE732fcEc9Eb6BF8CAE12782a56bE7E +I know a lot of peoples thoughts on this topic, so let me start by saying - I know how incredibly lucky I am! I was never spoiled by my parents growing up and their offer to help me with a house deposit was the most surprising thing I’ve ever heard. It literally came out of the blue. Dad explained to me that he would rather be alive whilst I receive inheritance but would only want it to go towards something like house. He will be semi retiring soon and selling his share in the family business that he is apart of with his brothers. He is expecting to get a large sum of money and has most generously offered me 500k - 600k for a place in Sydney. All he requires is that I build a granny flat for him and mum when they come over for holidays. + +My questions are, for those who have done this, how does this process work? + +If any, what problems did you run into? + +Should I wait a year or so to see what happens with property prices? + + +Any other input would be greatly appreciated. Thank you so much! +Here's the deets! +2 bed 2 bath attached home with fenced yard in suburban area poised for growth IMO + + +Purchase price: $146,000 (cashout refi) + + +Vacancy rate: 5% + + +Rental rate: $1350/mo + + +Annual mortgage: $6200 + + +Annual insurance: $795 + + +Annual taxes: $1037 + + +Purchase cost: $3097 (closing, inspection, lender fees) + + +Annual Property Manager Fee: $1296 (talked down from 10% to 8%) + + +Rehab cost: $8500 + + +Net Cashflow: $5,015/yr (adjusted for vacancy) + + +So excited!! +> With economies around the world sputtering, commercial real estate prices are expected to come down. How much they’ll fall is the key question. + +> Sellers are currently willing to concede discounts of around 5%, while bidders are hoping for about 20% off pre-pandemic prices, said Charles Hewlett, managing director at Rclco Real Estate Advisors. + +https://www.bloombergquint.com/markets/loaded-with-cash-real-estate-buyers-wait-for-sellers-to-crack +# Intro: + +Many of us Apes have been hearing about Reverse Repos and the liquidity crisis as of late, but some may not understand what that means or looks like, and I'm going to explain it & show the relevant data as simply and clearly as possible so that even a brain as smooth as a watermelon could form a wrinkle or two. Technical explanations/suit jargon are simplified by the emojis 🍌🦍 + +No TLDR but if you read the text by the emojis 🍌🦍 you can learn a lot! + +# Reverse Repo Usage & the Imminent Liquidity Crisis + +**The daily aggregate of reverse repo transactions is signaling a MAJOR & IMMINENT liquidity crisis. It is only a matter of time before the Fed has to taper the money supply or else risk long-term substantial inflation.** + +[Reverse Repo Usage in Billions USD. IT'S ALREADY OUTDATED!](https://preview.redd.it/ghbe1lcd1d071.jpg?width=500&format=pjpg&auto=webp&s=ba88d163d87facfcd0bf4914e0b08bfa0dca72ff) + +# I like the lines and colors but what does this mean? 🍌🦍 + +* **Overnight Reverse Repurchase Agreements:** short-term (often overnight timeline) purchase of securities with the agreement to sell them back, usually at a higher price.🍌🦍 **The fed is buying back corporate & US treasury bonds in accordance with Quantitative Easing to reduce the supply of money.** +* **Quantitative Easing:** what the fed likes to call money-printing. the increase in Reverse Repos is signaling a corresponding increase in Quantitative Easing. +* **Tapering:** starting to turn off the money printer + +# What's a liquidity crisis? + +* **Liquidity is determined by how quickly a business can convert its assets into cash** +* 🍌🦍A lack of liquidity can occur when a market has very few buyers or sellers or both. +* One of the biggest sources of liquidity in the US markets comes from repos & reverse repo agreements. The repo market exists for short-term (often overnight) transactions + * Repo = the buyer purchases some securities **🍌 for a short-term period** + * **Reverse Repo = the buyer agrees to sell those securities** **🍌back at a slightly higher price** +* 🍌🦍A liquidity crisis can happen when all of the banks decide to lend all of their bananas out because they make a fortune collecting fees. What happens when the market goes red? No one can pay each other back because banks & hedgefunds leveraged themselves to the tits and rehypothecated all of their bananas into synthetic banana ice cream, and they lent all of that out too. When they run out of bananas, they run out of liquidity. The music stops. +* **If institutions lack the liquidity to perform their daily operations they MUST sell off assets and securities to survive (avoid failing a margin call). If enough institutions lack liquidity all at once, this can trigger market-wide sell-offs.** + +# What does a liquidity crisis look like? 🍌🦍 + +It looks like this: + +**Daily Aggregate Reverse Repo Usage (Collateral Type: Treasury)** + +5/5/21 - 162.800 Billion + +5/6/21 - 154.921 Billion + +5/7/21 - 161.856 Billion + +5/10/21 - 175.548 Billion + +5/11/21 - 181.753 Billion + +5/12/21 - 209.257 Billion + +5/13/21 - 235.217 Billion + +5/14/21 - 241.185 Billion + +5/17/21 - 208.960 Billion + +5/18/21 - 243.470 Billion + +5/19/21 - 293.998 Billion + +**5/20/21 - 351.121 Billion** **🍌HOLY SHIT THAT'S A LOT OF BANANAS!!!!!** + +# TODAY we surpassed the highest amount of Reverse Repo Purchases on the March 2020 Crash at $285 Billion by over $65 billion! + +🍌Is this sustainable? Fuck no. It's either tapering (printer doesn't Brrrrr anymore) or the USD will eventually become 1:1 with the Venezuelan Bolivar. + +🧠🧠🧠Zoltan Pozsar (Managing Director at Credit Suisse): "The \[Reverse Repo Purchase\] cap is a key piece of our warehousing puzzle: the $1 trillion of reserves we’re trying to find a warehouse for are currently warehoused by the Treasury; **U.S. banks can’t add another $1 trillion to their warehouses, and money funds can’t warehouse $1 trillion unless the Fed decides to uncap the Reverse Repo Purchase facility**. Unless the Reverse Repo Purchase facility gets uncapped, bill and repo rates can trade negative and **money funds may turn away inflows, as they won’t invest at negative rates."** + +🍌🦍 What mean? The fed has trapped themselves & banks in a corner after producing too much cash through Quantitative Easing. High Reverse Repo Purchase usage mid-quarter (spikes at end of quarter are typical) signals that **the banks simply don't have the balance sheets to accept the excess reserves. They are forced to park the reserves right back with the Fed using the Overnight Reverse Repo Purchase**. This can have disastrous consequences if Quantitative Easing (printing) continues at its current trajectory. + +🍌🦍🍌🦍🍌🦍Even simpler: **Repo rates go negative because collateral is in high borrowing demand (Fed buying back through the Quantitative Easing program decreases supply). There is a banana shortage caused by printing. In order to balance the effects of printing, new bananas end up recycled right back into the overnight reverse repos** and as the toxic cycle continues, more bananas are produced in the Reverse Repo Purchases, bought and paid for by Quantitative Easing brrrr. See the problem? + +🍌🍌🍌🍌🍌🍌🍌🍌🍌🦍 + +Currently the liquidity in the US stock market is entirely artificial because the fed won't stop brrrrr because **the slightest bit of federal tapering could shut down the entire game. it's either no more bananas for anyone, or so many bananas that the value of bananas becomes near worthless.** + +**No bananas, no liquidity.** + +# Okay, I learned a few new words, but what does this have to do with my favorite stonk? 🍌🦍 + +No liquidity means that major institutions will have to sell off securities & crypt0 to increase their capital supply. If they can't increase their capital supply to meet a certain threshold, margin will ring and ask for a deposit. 🍌🦍 If shitadel & hedgefunds can't make a deposit (aka prove liquidity to be able to cover positions), **DTCC will forcibly close all of their positions and GME will be catapulted into Andromeda and beyond** 🚀 +I saw this in The Times this morning: + + + +>**Modelling by my colleagues at the Institute for Fiscal Studies suggests that a typical graduate with a couple of children should do at least two thirds of their pension saving after the age of 45.** +> +>There are risks to that strategy, of course. If you become ill or lose your job in your fifties you might regret that lack of saving earlier on. The government doesn’t help here. Anyone of my generation banking on sticking a lot of money in a pension in their fifties might have been stymied by sharp reductions in limits on what can be saved. They might have been better off scrimping to put more in when they were younger. Given all the risks and uncertainties we face as we look forward to retirement, it would, to say the least, be helpful if governments didn’t exacerbate them. Indeed, surely it is their role to help to insure and mitigate such risks. +> +>The fact remains that, for most, a bump-up in pension savings as the mortgage is paid off, as the children leave home and, for younger generations, student loan repayments come to an end would be optimal. + +[https://www.thetimes.co.uk/article/the-time-to-save-for-your-pension-is-in-your-50s-not-in-hard-up-youth-sqmzjd2jd](https://www.thetimes.co.uk/article/the-time-to-save-for-your-pension-is-in-your-50s-not-in-hard-up-youth-sqmzjd2jd) + +&#x200B; + +This is the opposite of what we suggest here - anyone want to make an argument for this approach (too late for me - I've been paying into a pension for near 30 years...)? +As the title states,I live in New Brunswick & the market is on fire,how? It’s so booming that 94% of homes are getting asking prices or a above, The local agents see more sales now then they did before corona. How is it that Canadians have recording breaking unemployment but are still qualifying for mortgages?,when the future is un foreseeable with Covid-19,How are banking institutions lending money when the persons borrowing the loans work place has a higher chance of going bankrupt/ implementing layoffs more so then ever ? Does lending practices during these times expose Canada’s housing market to extreme volatility? +We are closing on a big 1953 rancher tomorrow, and as part of our inspection process we hired a plumbing company to do a scope of the sewer line (putting a camera down to see the condition of the line, if there are any tree roots, etc in there). My wife is a Realtor so she's seen a few instances of people having major issues with their sewer lines after buying a house, and wanted to be sure we avoided it. + +The guy scoping found that it was the original [Orangeburg](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwiSjpTbvvDVAhVO6GMKHZmOAZkQFggoMAA&url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FOrangeburg_pipe&usg=AFQjCNEh2gMFbZRYQ7PZBaXB-RNm7alAZQ) sewer line, and that it was UNRAVELING. The typical lifespan of these lines is about 50 years. This one had been there for 64. This material was very commonly used from 1940-1970s. + +The sellers agreed to have it replaced, at their expense prior to closing. The total bill for the replacement was $18,015. + +Had we not opted for the sewer scope, we would have been on the hook for that bill. + +Hoping I can save a couple redditors some money and headaches down the road with this tip. + +Obviously this is probably not necessary if you are buying a new, or nearly new home. + +*edit* - I've read some horror stories in this thread about sewer issues with new construction as well, so it's sounding like this might even be a good idea for a new home purchase. + +https://www.forbes.com/sites/sarahhansen/2021/02/27/house-passes-bidens-19-trillion-stimulus-bill/amp/?utm_campaign=forbes&utm_source=twitter&utm_medium=social&utm_term=Gordie&__twitter_impression=true&s=09 +>#Chancellor on brink of second bailout for banks. 2009 + + + +The coronavirus shutdown is hammering supply and demand across the globe. That has forced the real economy into a sharp recession and triggered a rolling financial crisis. Below is a primer on one key piece of this mess: the crisis in corporate debt markets. This branch of finance is vitally important because even healthy companies often need access to credit. If they do not get it, they go under. + +In 2008, the vector of crisis ran from mortgage-backed securities to the rest of the financial sector and then to the real economy. This time, the real economy is being hit directly, and the damage is reverberating back into financial markets. The failing markets, in feedback-loop fashion, further threaten the real economy as corporations find it harder to borrow. As the corporate debt markets sour, major companies will go bankrupt. Unemployment is skyrocketing. Some analysts expect the economy to contract by an annualized rate of 30 percent during the second quarter of 2020. + +Already, US financial markets are on public life support. The Federal Reserve has committed to unlimited purchases of all sorts of assets: US Treasuries, mortgage-backed securities, car loans, municipal debts, and, in a historic step, both short term and long-term corporate debt. But the crisis will require more than a financial rescue. + +The key political question now is: What sort of controls will come with the state intervention? Corporate greed and self-dealing need to be checked not merely in the name of fairness but also to make sure public bailout money is actually invested in the real economy rather than just gambled away, as it was after the 2008 crash and rescue. + +###The Rise of Corporate Debt + +Since 2008, household debt levels have actually declined and are now lower than they were going into the last crash. But not corporate debt. Measured as a firm’s “net debt” compared to its EBITDA (earnings before interest, tax, depreciation, and amortization), corporate debt has doubled since the last crash. In 2009, the average American company owed $2 of debt for every $1 in earnings. Today, the average firm carries net debt to EBITDA of 3 to 1, and many firms — like Ford Motor, CarMax, Harley-Davidson, and General Motors — carry ratios ranging from 8 to 1, to as high as 15 to 1. Boeing, a special case because of its 737 MAX crisis, carries a ratio of 37 to 1. + +Over the last two decades, corporate America’s credit rating has collapsed. In the early ’90s, more than sixty companies held AAA credit ratings. Today, only two US firms are AAA rated: Johnson & Johnson and Microsoft. In 2001, fewer than one in five “investment-grade” firms were rated BBB. Today half of all investment-grade corporate debt belongs to firms rated “triple-B” (BBB) or lower. A third of those firms are rated triple-B minus (BBB-), one notch away from speculative or “junk” status. + +Already many triple-B-rated corporate bonds are trading on secondary markets at unusually low prices and high yields, often above 5 percent; that means even “investment grade” bonds are being treated as junk. Soon many triple-B-rated corporations will be formally downgraded to junk. That will drive up their borrowing costs and restrict their access to credit. Even healthy companies often need access to ready credit. If they do not get it, they go under. + +The rating agency Moody’s estimates the default rate for “speculative-grade” debt — companies with ratings lower than Baa from Moody’s Investors Service, or a rating lower than BBB from Standard & Poor’s — might reach 10 percent this year, up from 2.3 percent last year. The consequences of all this will reverberate throughout the wider economy, deepening and extending the recession. + +Total global corporate debt, including bonds and loans, is approximately $66 trillion; more than double what it was a decade ago. For comparison, the combined gross national product of all economies was estimated at $80.27 trillion in 2017. About a quarter of that is the US economy. + +###What They Did With the Money + +After the 2008 crash, the world’s central banks, with the US Federal Reserve in the lead, spent the next decade pushing money into the financial markets by way of super-low interest rates and the direct public purchase of financial assets from the private sector via quantitative easing (QE). + +The cheap credit encouraged lots of corporate borrowing in the form of loans from banks and massive issuance of corporate bonds. Unlike loans, which can be routinely extended, or sometimes abruptly terminated, or have interest rates that float up and down, corporate bonds are debt instruments issued by a company committing to repay borrowed money on a specified schedule at a specified, usually fixed, rate of interest. + +Corporations have been borrowing for a variety of reasons that range from shrewd arbitrage to stupid and reckless asset stripping. For a struggling and unprofitable company, for example JCPenney, debt can be a lifeline. For a profitable firm, borrowing money can be a way to raise capital without diluting existing shareholders’ claim on the company’s profits, which would happen if the firm issued stock. + +Even some profitable firms with piles of cash borrowed rather than spend their cash, in part for the firepower effect: letting other competitors and market entrants know that the firm has enough money on hand to buy out any threatening start-ups, and showing the world the firm is ready to ride out any economic crisis. + +Some firms used their borrowed money to buy other firms. This helped fuel a post-2008 wave of mergers and acquisitions (M&As). Deloitte reported “more than $10 trillion in [M&A] domestic transactions since 2013.” Targeted companies borrowed to stockpile cash as a defense against such takeovers. + +Firms also borrowed to fund CEO compensation, distributions to investors via dividends, and stock buybacks. Companies buy back their own stock so as to boost its price. A rising stock price is useful in many ways: it can keep away hostile raiders by making a targeted company too expensive to take over, but it can also draw in friendly suitors because (with some creative accounting) a rising stock value can make a weak firm appear more profitable. Corporate executives like a rising stock price because compensation packages are both tied to stock performance and almost always include some payment in company stock, so the higher the stock price, the higher the executives’ payout. + +Sometimes, firms even invested their borrowed money in actual production. The capital-intensive oil and gas industry did that, but as we explain below, it still faces a crisis, perhaps more salient than other sectors. + +###Bad Credit as Perverse Incentive + +The end result of all the borrowing was declining corporate credit-worthiness: corporate debt soon badly outpaced their earnings growth and cash balances. This led to widespread credit-rating downgrades. + +Perversely, lower credit ratings did not slow the borrowing binge, but rather spurred on further lending and borrowing, because as corporate credit ratings slipped, the interest rate that the downgraded firms had to pay on their loans and bonds increased. And, thus, so too did the lenders’ profits. + +Corporate debt and stock prices entered into a twisted dialectic, each driving the other. As the stock market continued to inflate over the last decade, it provided the confidence investors required to continue their purchases of risky corporate bonds. + +Keep in mind that many of the lending banks and asset funds were actually or essentially borrowing from Uncle Sam at inflation-adjusted rates close to zero, then lending to companies with triple-B and triple-B minus ratings at 5 percent interest. Profits like that meant there were always banks and asset funds eager to lend to debt-burdened corporations. + +Investors could directly purchase specific corporations’ bonds, or, as is more often the case, invest in mutual funds or exchange-traded funds (ETFs) that target an array of corporate bonds. High-risk loans were also sliced and diced and repackaged into bundles called “collateralized loan obligations” (CLOs), a class of securities backed by an underlying portfolio of corporate loans. + +According to the Federal Reserve Board of Governors, the majority of American CLOs are held by US institutional investors, including insurance companies, mutual funds, and depository institutions. This means that when the debt is unable to be serviced, the pain will be absorbed within the US economy, much of it by the unassuming customers of these financial behemoths. + +As was the case with the mortgage-backed securities of the 2008 crash, these funds helped “distribute risk” and thus gave an appearance of safety. The logic was that owning 1 percent of a hundred different loans would be safer, even if some loans went bad, than owning the entirety of a single debt security. The logic is not entirely wrong. And that is part of the problem: it encouraged yet more lending. As long as the economic forecast was optimistic, there was no reason for the debt spree to let up. + +###Zombies and Others + +Corporate debt, like much of the economy, is a story of disparities. Not every corporation is burdened by debt. Some firms are actually awash in cash. Microsoft, Berkshire Hathaway, Alphabet Inc, and Apple each sit on more than $100 billion in cash. As a whole, corporate America has been sitting on record amounts of cash in recent years. But at the same time, Morgan Stanley Investment Management estimates that one in six US companies cannot cover even the interest payments on their debts. + +At the heart of the problem are “leveraged loans” and so-called zombie firms. Leveraged loans are a type of expensive, high-risk credit extended to already heavily indebted companies. Since the 2008 crash, the leveraged loan market has doubled to $1.2 trillion. Now, leveraged loans in the United States are being re-sold at only 84 cents on the dollar, their lowest price since August 2009. The majority of leveraged loans — more than half — are in the form of the aforementioned CLOs. In the fourth quarter of 2018, there were $617 billion of CLOs outstanding. + +Zombie firms are defined by the Bank for International Settlements as heavily indebted, well-established companies that have failed to be profitable over an extended period and have low expected profitability in the future. In other words, heavily indebted start-ups do not qualify as zombies. The most threatened sectors are energy, automotive, insurance, capital goods (meaning equipment and machinery), telecoms, aerospace and defense, and some parts of retail. + +The bull market of rising, often overvalued, stock prices allowed many uncompetitive and unprofitable companies to appear healthy based solely on their stock’s performance. Even before the markets started to crash on March 9, some analysts were prescient enough to call the market’s bluff at the beginning of the year. + +But in this rapidly developing crisis, firms all across the economy may soon find it impossible to meet their liabilities. With the coronavirus breaking supply chains and forcing massive constrictions in consumer demand, corporate earnings are contracting fast, which in turn will badly hurt corporate debt servicing. + +Like a hypertrophied organ rupturing, the putrefaction of unsustainable corporate debt now threatens to create a generalized economic sepsis that will hurt even healthy firms. + +###Profiles in Debt + +Airlines. The top six major US airlines spent enormous sums to buy back their stock over the last decade. US airlines (as a whole) spent 96 percent of their borrowed money on buying back stock. Now, revenue from flights is plummeting. United Airlines’ bookings have fallen by 70 percent. Back in 2011, American Airlines filed for Chapter 11 bankruptcy with $29 billion in liabilities; today, they have over $34 billion in debt. Yields on some of their bonds reached a whopping 12 percent, a particularly distressing sign as interest rates have been slashed by the Fed in an effort to relieve credit markets. + +Energy. Even before the effects of coronavirus eviscerated demand for fossil fuels, US energy companies were suffering due to high fixed costs and low energy prices. In the last five years, 208 US energy companies have declared bankruptcy. Energy prices have been pushed down by the fracking revolution, the rise of renewable energy, and oil overproduction due to struggles between large producers like Saudi Arabia, Russia, and the United States. + +Now the coronavirus shock is pushing firms over the edge. Occidental Petroleum — which has $40 billion in debt, while its market value (the value of all of its stocks combined) is less than $11 billion — recently had its debt downgraded to junk. + +Energy mutual funds reveal the crisis in the energy sector as a whole. Vanguard Energy Fund, considered one of the top four oil mutual funds, has lost over 41 percent of its value since the beginning of the year. Of course, the biggest oil companies, the “Oil Majors” (such as BP, Exxon Mobil, and Royal Dutch Shell) have enough resources, market power, and government support to survive the crisis. But the effects on the less established firms stretch beyond the energy industry itself. + +Lenders. As the oil and gas firms go into crisis, the banks that extended them credit may also face defaults. Loans outstanding to the petroleum sector from regional banks in North America exceed $100 billion. Banks financing oil companies in Texas and Oklahoma saw their share prices drop nearly 30 percent. In oil-dependent states, public budgets will hurt as tax revenues decline sharply. + +Retail. A number of important retailers carry net debt to EBITDA ratios that are too high to be sustainable under current conditions. For example, Rite Aid owes $15.80 for every dollar it earns. For JCPenney, the ratio is $8.30 to $1; for Walgreens Boots Alliance, it is $5.80 to $1. Office Depot owes $4.60 compared to every dollar earned. + +###Beyond Bailout + +Bailing out distressed companies, even taking them under public ownership for a while, may staunch the bleeding. And the bubble can eventually be reinflated with enough effort. But a replay of the 2008 bailout, which involved lots of public money but very little public regulation and planning, will only mean a long slump followed by a bubble for the rich. + +The American economy is a sick beast. It needs not only government handouts and ownership — which it is getting — it also needs planning. + +Oil, airlines, and cruise ships — these are high-emission industries that, in the face of climate crisis, must be radically transformed or cease to exist. With government ownership and planning, these industries could be unwound and their resources redeployed. + +Although COVID-19 set off our current recession, it was the indulgence of the 1 percent built into the 2008 rescue that is responsible for the depth and severity of our current economic crisis. Without guidance, money was poured into the financial system. Not surprisingly, it blossomed alongside the mutually reinforcing dynamic of artificially inflated stock prices and ballooning corporate debt. + +Capitulation to the gluttony of financiers is deeply unjust. But it is also unworkable in purely technical terms. Without constraints on greed, there will be another bubble and crash and a longer slump, more suffering, greater inequality, and more social instability. We have to force government to use its legal and financial power to steer the American economy toward more egalitarian, socially rational, and environmentally sustainable purposes. We have to make this bailout work for the majority of us. + +#Corporate Socialism: The Government is Bailing Out Investors & Managers Not You + + +The U.S. government is enacting measures to save the airlines, Boeing, and similarly affected corporations. While we clearly insist that these companies must be saved, there may be ethical, economic, and structural problems associated with the details of the execution. As a matter of fact, if you study the history of bailouts, there will be. + + + +The bailouts of 2008–9 saved the banks (but mostly the bankers), thanks to the execution by then-treasury secretary Timothy Geithner who fought for bank executives against both Congress and some other members of the Obama administration. Bankers who lost more money than ever earned in the history of banking, received the largest bonus pool in the history of banking less than two years later, in 2010. And, suspiciously, only a few years later, Geithner received a highly paid position in the finance industry. + +That was a blatant case of corporate socialism and a reward to an industry whose managers are stopped out by the taxpayer. The asymmetry (moral hazard) and what we call optionality for the bankers can be expressed as follows: heads and the bankers win, tails and the taxpayer loses. Furthermore, this does not count the policy of quantitative easing that went to inflate asset values and increased inequality by benefiting the super rich. Remember that bailouts come with printed money, which effectively deflate the wages of the middle class in relation to asset values such as +ultra-luxury apartments in New York City. + +The Generalized Bob Rubin Trade: Keep the profits, transfer losses to taxpayers. Named after Bob Rubin who pocketed 120 million dollars from Citi but claimed uncertainty and kept past bonuses. This encourages anyone to never be insured for such eventualities since the government will pick up the tab. + +####If It’s Bailed Out, It’s a Utility + +First, we must not conflate airlines as a physical company with the financial structure involved. Nor should we conflate the fate of the employees of the airlines with the unemployment of our fellow citizens, which can be directly compensated rather than indirectly via leftovers of corporate subsidies. We should learn from the Geithner episode that bailing out individuals based on their needs is not the same as bailing out corporations based on our need for them. + +Saving an airline, therefore, should not equate to subsidizing their shareholders and highly compensated managers and promote additional moral hazard in society. For the very fact that we are saving airlines indicates their role as utility. And if as such they are necessary for society, then why do their managers have optionality? Are civil servants on a bonus scheme? The same argument must also be made, by extension, against indirectly bailing out the pools of capital, like hedge funds and endless investment strategies, that are so exposed to these assets; they have no honest risk mitigation strategy, other than a trained naïve reliance on bailouts or what’s called in the industry the “government put”. + +Second, these corporations are lobbying for bailouts, which they will eventually get thanks to the pressure they can exert on the government via lobby units. But how about the small corner restaurant ? The independent tour guide ? The personal trainer? The massage professional? The barber? The hotdog vendor living from tourists near the Met Museum ? These groups cannot afford lobbyists and will be ignored. + +####Buffers Not Debt + +Third, as we have been warning since 2006, companies need buffers to face uncertainty –not debt (an inverse buffer), but buffers. Mother nature gave us two kidneys when we only need about a portion of a single one. Why? Because of contingency. We do not need to predict specific adverse events to know that a buffer is a must. Which brings us to the buyback problem. Why should we spend taxpayer money to bailout companies who spent their cash (and often even borrowed to generate that cash) to buy their own stock (so the CEO gets optionality), instead of building a rainy day buffer? Such bailouts punish those who acted conservatively and harms them in the long run, favoring the fool and the rent-seeker. + +####Not a Black Swan + +Furthermore, some people claim that the pandemic is a “Black Swan”, hence something unexpected so not planning for it is excusable. The book they commonly cite is The Black Swan. Had they read that book, they would have known that such a global pandemic is explicitly presented there as a white swan: something that would eventually take place with great certainty. Such acute pandemic is unavoidable, the result of the structure of the modern world; and its economic consequences would be compounded because of the increased connectivity and overoptimization. As a matter of fact, the government of Singapore, whom we advised in the past, was prepared for such an eventuality with a precise plan since as early as 2010. + + +#........................................................................... + +^^>Section ^^4009. ^^Temporary ^^Government ^^in ^^the ^^Sunshine ^^Act ^^Relief. +^^Temporarily ^^permits ^^the ^^Board ^^of ^^Governors ^^of ^^the ^^Federal ^^Reserve ^^Federal ^^Reserve ^^to ^^conduct +^^meetings ^^without ^^regards ^^to ^^the ^^Government ^^in ^^the ^^Sunshine ^^Act, ^^which ^^institutes ^^certain +^^requirements ^^for ^^meetings ^^that ^^may ^^be ^^impracticable ^^to ^^carry ^^out ^^under ^^certain ^^unusual ^^and +^^exigent ^^circumstances, ^^such ^^as ^^those ^^related ^^to ^^the ^^coronavirus ^^outbreak, ^^if ^^the ^^Chairman +^^determines, ^^in ^^writing, ^^that ^^such ^^circumstances ^^exist. ^^The ^^Federal ^^Reserve ^^is ^^still ^^required ^^to ^^keep +^^a ^^record ^^of ^^all ^^votes ^^and ^^the ^^reason ^^for ^^votes ^^during ^^this ^^time. ^^This ^^authority ^^expires ^^at ^^the ^^earlier +^^of ^^December ^^31, ^^2020, ^^or ^^the ^^date ^^on ^^which ^^the ^^national ^^emergency ^^declaration ^^related ^^to +^^coronavirus ^^is ^^terminated. ^^https://www.banking.senate.gov/imo/media/doc/Title%20IV_Section%20by%20Section.pdf + +^[This.is.your.brain.on.central.banking,regulatory.capture,and.financialization.](https://medium.com/@allenfarrington/this-is-not-capitalism-5ed0a9d5dfa9) + +#........................................................................... + +2020 [Dow Futures Reverse Gains Despite Trump’s $6 Trillion Fiscal Bomb +Dow futures spiked after Trump's top economic advisor Larry Kudlow unveiled a gigantic $6 trillion stimulus package for the U.S. But the gains didn't last amid underlying concerns about the health of the economy.](https://www.ccn.com/dow-futures-reverse-gains-despite-trumps-6-trillion-fiscal-bomb/) +To anyone that has or has had a financial advisor, what value did you gain from them? I’m a 24 year old realtor and I’m starting to make decent money. I’ve typically always invested myself in safe investments like the s&p500, and other etfs/index funds. I talked with a CFP today and I really liked the guy, we had a quick 30 minute meeting about finance and what his firm does, he’s young and seems really knowledgeable. The fees he showed me were honestly pretty minuscule. I like the guy but I’ve always been of the opinion that financial advisors are for financially illiterate people. I’m not claiming to be a genius but I tend to think I know a decent amount from reading books, YouTube, and college (I literally went to university for a BS in Management/finance). What do you guys think? + +I can easily invest myself but I’m guessing he can do it better than me. The fees are pretty small so I don’t see the harm if he can do it for me but I’m nervous that somehow I’ll get screwed from all the bad stories I’ve read online. +I always find it weird when I see a pattern all of a sudden. When a certain type of post gets upvoted to the top, I always wonder who the hell is spreading the narrative. Could be harmless but my spidey-senses started tingling. Part of me started to feel like someone is trying to make us think the momentum is dying down. Maybe people are more zen but we are still going as strong as ever. I'm fully zen but still like to contribute and see some dank memes. If everyone were to get so zen that they never check the sub, the rate at which we uncover the bs slows down as well. It's as if someone wants us to look away. Not this guy! What are your thoughts? +Hello everyone, + +&#x200B; + +My parent's have recently decided to retire; This means that they are looking to sell the house. Before they sell it to a random buyer, they have offered it to all of the children at a pretty incredible price (500k to us from a 700k valuation). None of my 2 other siblings were interested so it is falling to me. + +&#x200B; + +I was very interested in getting in to real estate investing, but there are four factors that make me very hesitant in this situation: + +&#x200B; + +1.) I currently live in California, the house is in Massachusetts. This means I would likely be hiring a property manager. + +2.) I am eventually interested in moving to Massachusetts and living in this home; is this viable once the home is made into an investment property or is it too difficult to get a tenant to leave? + +3.) This is a large (4bd3ba) house and is relatively pricey for the area. Is there a significant market to rent out this type of property? + +4.) I am (at least I feel) too young and inexperienced for a property this valuable. I am only 23. I am, however, married and have a combined income of around 200k/yr. + +As of now, my plan would be to hire a property manager and attempt to rent the property out for around 4-5 years. After this time frame I should be able to find a job in the area and move back to raise kids of my own. + +If you have any advice or were ever in a similar situation I would absolutely love the input. Thanks! +I just felt like now was the time to write down my story over the past 8 years. Partly because I need to write this down but mostly, I want to help anyone that is trapped in the hell that is serious debt. + + + + + +7 years a go I developed what can only be described as a serious gambling problem. I would spend around 5-6 hours a day watching a tiny white ball spin round on a screen praying that it would land on number 1, 5, 18 or 23. That was my life. I had a job, a husband, a house and a life but I put roulette first. + + + + + +The addiction lasted 2 and a half years and in that time I wagered approximately £2 million on roulette (I didn't spend that amount as I'd deposit then win then lose, rinse and repeat) and I ended up with £42k of debt as a result and F all to my name. I had no savings and nothing of worth. I'm surprised we didn't lose the house but that's likely because my husband paid the mortgage from his bank account. No one knew, only my husband. To everyone else, I was the most reasonable person ever but in reality I was gambling so bad that I would regularly vomit from losing £10k or more in one gambling session. I would spend time thinking about the best way to take my life as I saw it as the only way out sometimes. + + + + + +Once I woke up to the sobering reality that I was up to my eyes balls in debt and suffering from a severe addiction and I had a baby on the way (planned), I called up the 5 companies I owed the £42k to and explained everything. They were all extremely nice to me, froze the interest on my loans/cards and listed me as vulnerable. They left me alone for 60 days. Once the 60 days was up, I spoke to all their teams and they all said that if I could get a doctor to write a note detailing that I was suffering from extreme anxiety due to my problem, they would default the loan/card agreements, freeze the interest/fee's indefinetly and agree to a payment plan I could afford. I did that. + + + + + + +As the years went on, they all sold off the debt to debt collectors but each one of those, again, were nice to me. As long as I called them up every 6 months and told them my income and expenditure, they would agree to the payments. That went on for 6 years until the debt was paid off. + + + + + +We went many years not being able to save or do a lot. We lead an ok quality of life but I beat myself up a lot that I caused our little family to not be able to have the best. Beating myself up did nothing though. I had to do something. So I trained. I trained, studied, I did everything. Instead of spending 5 or 6 hours a day gambling, I spent it forging a career so I could earn the money my husband and son should have had back. + + + + + +At the start of this year, I started that career, I work 2 jobs now and work them around my dear son. My husband finally has a nice reliable car and he finally has the life he should have had 8 years a go. I'm earning money now instead of losing it. + + + + +We have savings. We have normal debt (home improvement loan). We can buy McVities jaffa cakes instead of the cheap supermarket one's. We aren't rich by any means but we have options. + + + + +If you feel like you're never going to see the end of that dark tunnel, try to stay postive and turn things around. You might need some help medically and emotionally. Don't ignore debt. Companies can be understanding if you need them to be. Your credit score/report doesn't matter in the short term, your sanity does. It might take a year, it might take 10 but there's always a way out of the mess created by gambling, a business gone wrong, a bad investment etc. There is always light at the end of the tunnel +**First things first, a bit about the company:** Alkemy (TSXV: AKMY) has developed a unique plastic recycling process for plastic bags and sheets that traditionally have been earmarked for the landfill, allowing this trash to mushroom into one of the largest pollutants in the world. Addressing this global plastic crisis, Alkemy employs a dynamic one-step process that integrates both recycling and finished-product manufacturing within a single manufacturing pipeline, i.e. the "waste-to-product paradigm”. This revolutionary move has enabled Alkemy to reduce the cost of the recycled plastic as raw materials, while dramatically increasing its profit margin per metric ton. + +**Now for some DD:** Alkemy went public last week (4/28) on TSXV. They had a very encouraging first week of trading, closing off the week at $0.60, +50% from its share price at Thursday’s market close, and more than +100% its initial public offering of $0.29 a share. Moreover, on both Wednesday and Thursday of last week it appears that AKMY was not yet registered on most trading platforms/brokerage services; the nearly 300% jump in trading volume on Friday (up to 2.7m) is reflective of this issue’s resolution. Overall, these are all excellent indicators of future viability and investor confidence in this newly-public company. + +On Friday, Alkemy announced it had published its 2020 Financial Results, performed by an independent audit ([https://finance.yahoo.com/news/k-b-recycling-industries-ltd-203000141.html](https://finance.yahoo.com/news/k-b-recycling-industries-ltd-203000141.html), available on Sedar). Though the company reported net losses for 2020, I believe a number of factors need to be born in mind when we consider these results: + +* The losses represent the outcome of $10m investment in developing one of the most disruptive technologies in the plastic recycling industry. Alkemy’s founders have invested funds, much out-of-pocket, to test and ultimately demonstrate their POC; the fact that they’ve since cornered 70% of the construction plastic market in Israel is a strong sign of how wildly successful their innovation truly is. +* Another reason explaining the 2020 losses is that until now, Alkemy has been in the POC stage. After proving that their tech works, they’ve since gone public and inked deals with EU power-house economies like France and Germany. This means that Alkemy is only just getting started; after proving the profitability of their approach, they’re now taking the paradigm global. +* The economic disruptions and nationally-imposed lockdowns (esp. in Israel, where Alkemy is based) in 2020 as a result of COVID-19 likely exercised a negative impact on year-end results. Though Alkemy aggressively adapted to new market circumstances, it was a tough time for startups across the board. +* With a 50% profit margin, Alkemy is recycling plastics at nearly 300% the market standard of \~15%. This means that Alkemy is trail-blazing uncharted terrain with no serious competitors in sight. Combine this with the nearly unlimited amount of dirty plastics they can use as inputs, and Alkemy’s position vis-a-vis the industry as a whole appears even more positive. + +To sum things up, my two-cents is that Alkemy’s 2020 Financials are reflective of a truly ground-breaking startup making the transition from its POC to being a publicly-traded company with global aspirations. Its IPO coincides with an uptick in attention being devoted to sustainable industry, meaning AKMY is a green ticker to get excited about. The results of their POC, not to mention the bullishness shown by investors last week, marks Alkemy out as a green pennystock to keep a close eye on. + + + +https://preview.redd.it/0ec6hp0q1pw61.png?width=1238&format=png&auto=webp&s=85c7d30c679b8d32e04891ba231b464b77bab499 +Hi Autists + +I recently received a $1250 scholarship from my uni. Ideally I am to use it in relation to my study, but I paid off my amenities fees and text books are a waste of money. I’m studying commerce so this is really just a practical class anyway. + +So I’m left with $1000 after fees to do something with. This has brought me to you, brothers(sisters?) + +You guys put your recommendations for stocks in the comments. Upvote suggestions you like and the highest upvoted suggestion wins (pretty standard right?) + +At Midnight Sunday/Monday, the highest upvoted suggestion will be selected and I will set an order for market open on Monday 14th to purchase at least $1000 worth of that stonk. I will hold this stonk for at least 7 days but must sell before the end of the calendar year (end of trade 31 December) + +Also, include your suggestions for a charity in your suggestion for a stonk. Same rules as stock pick, i.e. whichever stock wins, the suggested charity will win also. If no charity included in suggestion, will pick charity from the comment with the highest upvotes that has a charity suggested (stock pick will remain highest voted overall). 20% of any gains made from the stock will be donated to this charity. + +Proof of purchase of winning stock will be sent to mods on Monday 14th December + +Proof of charity donation will be sent to mods on or before 1st January 2021 + +Godspeed on the market, may your stonks be ever bullish + +Edit: The time has come, the die is cast and the fate is sealed + +Winning stock: 4DS with a whopping 43 votes + +Winning Charity: Beyond blue with a respectable 28 votes +I’ve seen some comments/posts “gatekeeping” saying that the strategies people are doing are too risky or the same risk as WSB but on the other side. + +While putting 100% of your account into credit spreads expiring tomorrow obviously isn’t a good idea, why do people insist on saying it’s not a theta gain strategy and that beating the market using directional plays is too risky? Shouldn’t each person decide their personal risk tolerance and design a strategy with that in mind? + +I want to be clear that I am in no way trying to start anything, but instead have a discussion about strategy and more specifically, people’s individual risk management. +So i just don’t get it. I have a career and have been working for almost 8 years. The Army. I make around 100k before taxes. My life insurance is 400k so im worth more dead honestly. How the fuck do people have money? Last year i changed my outlook on money. I have been saving most of my money and barely do anything. Besides essentials and a dinner date and drinks here or there I mostly just stay at home. I invest in a 401k and the stock market and ….. im broke. Like how do people have the luxurious lifestyles or have 150k in savings? It would take me 8 more years to come up with that kind of money. I work 12-14-16 hours a day so honestly another job isn’t much of an option. Please help +Wassup.. + +I really don’t even know what I’m doing here but I just need help mentally at this point. Can’t say I’ve had a hard life because I know people with much worse situations. It’s just so hard getting ahead out here but I just feel like it’s easier than I think. I’ve been working since 19, I’ve sold drugs but I always kept a job and good paying jobs for my a. I’m smart enough to know drugs are the easy way out. I just wanna know something I can do to always have money coming in. The internet is a big place and there has always been a way to make money. There’s no reason I should ever be broke. Someone give me some game +I don’t do a whole lot, I didn’t even do an whole lot before the whole corona virus so I decided I should at least use all this spare time I have to do something useful. One idea I had was to try make some money, any ideas or suggestions on how I can? +Possible to create riches by "grinding it out" in the rat race, like some videogame, where you eventually get better things after hard-work? + +So far this hasn't worked for me. + +I guess the analogy would be work hard, get a raise, then use extra income towards better car, house, investments, etc. With raises typically only coming after "annual reviews" the grinding out process is very long. + +In a separate note, I was just watching a documentary where drug-dealers where apparently making 10K per week. What's the incentive to even follow the law and break your back? +I heard about an app where you could sell things. It's called offer up. Crazy shit happen when you try to sell. Somebody might give you fake money. Even worse pull a gun on you. I want money so badly but do you guys know where an 18 year old can register a gun for self defense just in case somebody try something? +I just started working out with a trainer last week. So I barely know him. He texted me today to see if I could let him borrow some money by Friday. Isn’t this behavior odd & unprofessional? I already paid him for the sessions $200. I don’t feel comfortable with him anymore. +My employee portal app shows a pay raise for more than my boss said I would get. + +Sorry if this is confusing, as this whole situation had me confused as well. The past month has been review time for my company. This is coinciding with a starting pay increase for my position so we were told that new hires would start $.75 higher and we could expect "at least $.75" based proformance at review time. + +Before all this my boss had told me I'd probably get $1.00 pay increase based on performance. I also know this was told to some others in my department. This is around the same time that we had heard (rumors) that other departments had already received pay increases of around a dollar. This was before the $.75 pay increase went into effect, so some of us were lead to believe that we would receive $1.00 + $.75 raise. + +On my "review" with my supervisor (not my boss, but my off shift supervisor) he just read comments from my boss and the GM (boss's boss), which was fine, stuff I need to work on blah blah blah... But when informed of pay, I was told my new wage which is $1.25 more per hour. I tried to bring this up, that I was under the impression that there was more basses on things my boss had told me but my supervisor tells me that this is the information he's been given, none of this is in his control, and that if I want I can bring it up with my boss after he's back from vacation (very convenient he's on vacation). + +Next day my supervisor calls me to his desk to read an email from the GM saying that there will be a meeting with me and my boss and that we would clear up anything about the pay increase, as soon as he's back from vacation. + +So when he's back the meeting was just him walking by and saying "Your new pay rate is [same thing I was told before ie $1.25)" to which I did agree and thanked him and all and I didn't push the subject. + +This week the new wages go in effect and I noticed that my pay rate is a whole $2.25 more than before. Should I ask about? Could they take this away from me if it's a mistake? How should I go about getting more information? There's a chance I miss heard my boss when he spoke to me, but he spoke only of my final pay rate, and I know he didn't tell me what the portal shows that I make. Perhaps also he told me incorrectly. + +TLDR: was told different amounts for a raise, actually received a lot more than they said. Should I ask or just stay quiet? +Short term play is friggin difficult. It is impossible get it right. Market is fickle and one single news can ruin the bet. Playing short term option is just flipping a coin for heads and tails. + +Winning the short term bets 3-4 times in a row does not mean I found some secret method that no one knows. +I could keep doubling my account 10 times in a row, but the next one can blow up my account. It is pure luck. Even a famous twitter trader goes from 45K to 4million in 1.5 year span but lost 50%(2million) in a month. The net gain still very respectable but the guy lost 2 million in a matter of a month. + +It is difficult to sell when things are green and going up. +As stock price skyrockets and euphoria sets in, more people are confident about the stock and continues to echo why the stock is awesome. People tell each other that it will go up even more and no one should sell. This grows conviction to hold. But things can change overnight and stock/options could lose 30% in values quickly. + +Having a set goal to reach $X amount is actually bad. +In other words, let's say I am holding a position that has already gained 42%. I say I want it to goto 50% because that is a nice round number. I disregard fundamentals or situation around the stock and continue to hold just because I want that extra 8%. This has ruined me multiple times as it never reaches 50% and inevitably drops. + +I am a mere human and my mental strength is weak. Humans don't like losing resources. It is all programmed in the DNA. It is stressful and I won't be able to act rationally when things are going bad. Even if I swear I am holding a stock for a long play, I might panic sell at the exact bottom. All the news and reddits will say the stock is done for and to sell, only for things to turn around. Similarly, when the stock that I sold for a small profit, moons the very next day, it hurts mentally. So it is important to accept that being human is being emotional. Stock trading is not for everyone. +Note that in 2012, Facebook was free cash flow positive. Its cash flow from operating activities was more than covering the investments it was making in the business. +**Should you buy Amazon stock or has it run out of growth opportunities? What is my price prediction for Amazon? Read until the end of the post as I reveal my price target for Amazon and why I believe it can deliver insane returns!** + +**\~Warning! Very Very Long Post\~** + +\[Disclosure: I made this DD 2 weeks ago & I wasn't part of this Subreddit until the last few days\] + +\[Wanted to post this before the next Amazon earnings later tonight!\] + +Hello everyone and welcome to another stock price prediction! Today we are going to talk about Amazon and what’s the upside for the company! So, let’s go over the company a little before moving on to some fundamental, technical analysis, predictions and my price target for the stock in the next years & months. + +So, let’s start by talking a little about [Amazon](https://ibb.co/47vPnY2), yeah, I know it’s one of the biggest companies in the world, but I believe Amazon is still undervalued & underappreciated compared to some of the highflyers that have generate insane returns in the past months, though most of them are still far from profitability and don’t have the growth across all the board like Amazon. + +Maybe the market doesn't put as much attention in the numbers as I do but I would rather invest in a business which I consider to be healthy and growing rather than a what if stock like many of the recent inflated IPOs. Amazon is a trillion-dollar company growing at a double-digit pace as many companies that are a fraction of their size would kill for this numbers, but this hasn’t helped Amazon since September. + +On a global scale e-commerce is expected to increase from 16% to 22% of retail sales by 2023. With the U.S. expected to increase its retail e-commerce sales from $374 billion to $476 billion by 2024.This is another thing that supports the growth that e-commerce has in front of it, both as total and as a % of the total retail sales. With the latest [report](https://ibb.co/jRMvB7x) showing a 24% increase in holiday e-commerce transactions and a 19% increase for the 2020 fiscal year. + +E-commerce is showing signs that it will continue to gain share of the total market as a recent report projects that digital sales during the Black Friday-to-Cyber Monday period will grow by about 35% YOY, reaching [penetration](https://ibb.co/3StWbwz) of around 32% and growing by more 10B, as this continues to eat up market share from more traditional B&M retailers. + +I think one of the biggest problems the company has, it’s the actual share price of the company, not the value. We have seen that a stock split can and will attract more buyers and the share price would probably see an accelerated rate of growth, just look at what happened with Tesla and Apple [recently](https://ibb.co/GFqGsjV). By splitting the stock just like [Apple](https://ibb.co/d766wL5) has done a number of times, this allows more individual investors to invest in the company, as they will be attracted by the cheaper share price. [Amazon](https://ibb.co/XStd5Jf) hasn’t done a share split since the dot com era, and it might be time for the company to take advantage of this hot bull market to actually go ahead with something like at least a 5-10:1 split. + +So, let’s go a little through the latest quarter [results](https://ibb.co/Y8JHWdc) and [guidance](https://ibb.co/mCT3T43). The company increased the operating cash flow by more than 55% to over $55B for the latest twelve months, with free cash flow also increasing by $6B, while they managed to avoid significant [dilution](https://ibb.co/6bYCLhx) of the company, with only 7M additional shares being outstanding. + +The net sales also increased 37% in the last quarter to just over $96B, an increase of more than $26B over 2019, which is an insane 36% increase y/y yet again. + +This year Amazon has also pushed their [Prime Day](https://ibb.co/1RPqhMv) ahead of schedule, which resulted in the two biggest days ever for third-party small & medium sellers, which saw an increase in sales of over 60% over 2019, even bigger than Amazon own retail business. + +Amazon continues to expand into multiple revenue streams, with the first Amazon [Fresh](https://ibb.co/9ZBqwKM) grocery store opened in California, which is offering both in-store and online products. + +We also saw Amazon’s more profitable revenue streams meaning the services revenues increasing, with Amazon Studios continuing to produce original movies and TV-series while also expanding their offering to live sport games. + +The company is also seeking to expand into the red-hot Video Gaming market, as they launched a new service Prime Gaming, available for free for Prime Members and also announced Luna which will be a cloud gaming service that will allow customers to play high-quality games on previously owned devices, thus not requiring bigger investments for many customers. They also continued to improve their [devices](https://ibb.co/VVkyDXX) like the Echo, Alexa, Ring and FireTV line of products, which feature more & more AI Improvements. + +Amazon has also announced an expansion into the pharmacy business which put a lot of pressure on traditional pharmacy companies like CVS & Walgreens, while also announcing a new Halo service, aimed at helping customers improve their lifestyle. + +I like companies that make me a lot of money, but I also like that they are [involved](https://ibb.co/r7C6NXs) in projects aimed at helping poorer communities around the world, with their latest Project Kuiper, being a low-earth orbit satellite constellation that is aiming to provide reliable & cheap internet access around the world. + +And last but not least, let’s not forget about the biggest income provider as margin goes, the Amazon Web Services ([AWS](https://ibb.co/MkHgG7d)). Amazon continued to see significant customer demand for this product with multiple big companies like Global Payments & Moderna using their services. Alongside these 2 companies we also saw AWS providing even more data services for the [NFL](https://ibb.co/zbYySCp) and many more other companies. AWS has been a terrific revenue stream for Amazon, with [AWS](https://ibb.co/87614m9) having 1/3 of the market share for cloud infrastructure in the first half of 2020, as the compound annual growth of AWS has been 40% in the recent years, just below the other profitable [services](https://ibb.co/0Byn2R7) they offer on subscriptions services, advertising & payments, with the only revenue stream seeing a negative growth being the physical stores. + +Overall, the company has seen a 28% compound annual [growth](https://ibb.co/mCwDCTb) in revenues since 2016 and an even bigger 68% [growth](https://ibb.co/jk57Qq9) in earnings/share, which is incredible to say the least. + +So, before even starting, you should now that I am bull on Amazon but I am willing to hear other opinions so don’t be afraid to leave a comment down below! + +I have made some predictions based on the growth rate of the company, the latest plans announced by them and used some estimates. So, keep in mind this are only projections and are calculated by myself, this is not an investment advice and you should do your own research and so on… + +Firstly, let’s start with the Guidance that Amazon gave us for the 4th quarter, as they are expecting net sales between $112B and $121B implying a growth of between 28-38% over 2019. They also provided guidance for the operating income but this is heavily impacted by the problems we had in 2020 and that still continue to be around. + +The company also is aiming to [optimize](https://ibb.co/0ZTfncc) the free cash flow which was up 26% y/y for Q3, as they are trying to dilute the shares as little as possible. The total net [SALES](https://ibb.co/7jsRCN5) for the last twelve months is nearing $348B which even adjusted for forex is still up 31%. Amazon has only 12% of their revenues coming the AWS right now, but this is by far the most profitable revenue for the company, as the increases in AWS sales have led to an over 90% [increase](https://ibb.co/ts6VKrb) in operating income from the previous year. + +Let’s take a look at the last quarter’s results. We saw a big [INCREASE](https://ibb.co/qrpk3wR) in all 3 big revenue streams for Amazon, with the first 9 months of 2020 brining over $160B in sales in North America, $67B from International sales and almost $33B from AWS. For my [projections](https://ibb.co/4FCPJ8N) I actually just added another quarter like this one to the end results, which actually is a conservative estimate of $96B compared to the guidance of $112B, and the growth rate that Amazon’s net sales has seen in the past year, with North America Sales rising by 37%, International by 31% and AWS by 30%. + +For the cost of sales, I did pretty much the same, and with cost [margin](https://ibb.co/wcP1Wrj) standing at 75% of net sales for the last quarters I think this is pretty safe to say it will remain mostly the same if not even improve due to bigger revenues from the AWS. I also estimated the full yearly costs by adding another identical quarter, just like for the revenues, so that things stay even. + +For the other operating expenses, I also took this from their financials as I expect both [SG&A](https://ibb.co/QN7YWxQ) and [R&D](https://ibb.co/DwmXmsK) expenses to start to normalize a little after the huge spending to ramp up capacity this year due to the increase in demand, while I also did the same thing for the [Capex](https://ibb.co/f0dSK7B) spending of Amazon, as they have invested massively in the last 12 months to ramp up things. + +Meanwhile for the interest [income](https://ibb.co/rdc1HRZ) and expenses I also just averaged things out for the full year while maintaining the other sources of income, but these have such a small impact that they don’t even matter. + +Amazon has had a pretty wild effective [TAX RATE](https://ibb.co/N3vtKJn) in the past decade, but I decided to see what the avg was for the last 4years, and that was 16%, but for safety and due to the change in administration in the US I decided to bump this up a little to 18%. + +And one last number that is important is [THE](https://ibb.co/SnQGLXT) earnings before interest, taxes, depreciation and amortization, which has seen a 36% increase y/y for since 2016. + +I like to value companies based on multiples of future price earnings. So, let’s take a look at what Amazon earnings/share will be by 2025. + +I implied for the 3 main streams of [revenues](https://ibb.co/KVnYyqC) which are North American Sales, International Sales and AWS sales a rate of growth similar to the one we had this year but with gradual declines each subsequent year. I also used pretty much the same average [cost of sales](https://ibb.co/3sv40Sf) which includes the actual cost of sales and the fulfillment costs. This has stood at about 75% of the net revenues for the past years and might actually improve, but I do want to stay on the safe side. So, by 2025 the gross [REVENUES](https://ibb.co/xSdQX9P) should reach around $244B, assuming margins stay pretty much in line, though it’s likely they will improve margins, with International sales becoming a little more profitable and AWS brining more & more money. + +We also have to estimated what the Capex & Operating [expenses](https://ibb.co/HHM0PfS) would be by 2025. I think Amazon should see somewhat of a slowdown of Capex, R&D & SG&A spending, as they have seen a huge boost in the past year, and I think it should normalize, so I will imply an 8% annual growth for these, which is still very high. + +[Next](https://ibb.co/F75r4jN), we look at the interest income, expense and other losses or incomes for the company. This numbers are small compared to the vast cash flows of the company that they can even be ignored, but let’s assume they see a 10% decrease both in income and expenses related to interest while also not suffering losses but having a smaller other income by 10%/year. This would results in an almost $114B income pre-tax for 2025. + +As I showed you earlier, the effective tax rate for Amazon has been around 16% in the past 4 years, despite the nominal US tax rate. For safety reasons I will use an 18% tax rate, though this should stay closers to 16% on the back of the International taxes. So, with an 18% tax rate, the [FINAL](https://ibb.co/d7ZCstY) income for the company after everything has been taken into consideration should be $93.25B. + +For the outstanding [shares](https://ibb.co/x33HyxP), I will be conservative and imply a .5% increase in outstanding shares, as the company has been very careful in avoiding the dilution of the stock. So, with that increase by 2025, we should have around 531M shares. + +So, [BASED](https://ibb.co/282sK42) on Price to Future Earnings/share we can see Amazon is currently trading at almost 18 times 2025 earnings/share, which compared to the 90 multiple it’s trading right now would be insanely low. I can see Amazon continuing to trade at very high P/E for the foreseeable future. So, with a 25 PE price the company should trade at 4400$, while with a 50 PE ratio, the stock should be close to 9000$/share, which is insane when you think about that number, but maybe Bezos will listen and split the shares finally. + +So, after all these estimates what are my price targets? [HERE](https://ibb.co/2d2KPV4) are my actual price targets… I think the bear case 2025 price we can see Amazon trade at is $4828 which would imply a return of over 54%, while my base case and my pretty safe assumption is that Amazon will trade at 6145$/share by the end of 2025, implying a 96.5% return on the [current price](https://ibb.co/FwrMhnY). My most bullish case though is $7900, which would imply a return of 152%, with that number being mind-blowing given the current valuation of the company… but I guess we do have to start getting used with such high numbers… I guess decades ago when we saw the first millionaire or billionaire, people would have also thought that it was crazy… but crazy is for the limited minds only I believe. + +So yeah guys, here is my [OVERALL](https://ibb.co/XF5h87q) price targets for 2025, my bear case is an average of the 25 & 30 PE ratio, while the normal case is the average between the 30 and 40 PE’s with the most bullish case valuing the company between a PE of 40-50. + +So [HERE](https://docs.google.com/spreadsheets/d/1O_rAl569qptpB1n1k6hpLLdOroX045_JDHrXLj81-u0/edit) is the full spreadsheet that I have projected for Amazon by 2025, if you do have another opinion or a suggestion please leave a comment down below, I think I have been conservative in most of my projections, but feel free to give your opinion. + +Keep in mind, these targets might sound ridiculous, but just look at the growth Amazon has in the past. The company has increased in [value](https://ibb.co/QpDg4mp) by more 450% in just the past 5 years and is over 160.000% up since it started [trading](https://ibb.co/KyDzqWq). So yes, the valuation is mad right now for the company. So, are you willing to bet against one of the biggest and fastest growing companies in the world? + +The company also has pristine [FINANCIALS](https://ibb.co/Bgxf91m), with more than $112B in current assets vs only $102B in current liabilities, with over $282B in total assets. So, the company is way more than solvable at any point in the near future. + +And let’s also take a look at what the estimates are from the analysts. We can see that the analysts expect a similar [EPS](https://ibb.co/R48nrDF) by 2025, of around $166 compared to $171/shares that my Growth Valuations are projecting. So, it seems that this could be a very reasonable upside for the company. + +So, what do I expect in the next couple of days, weeks and months for Amazon? + +Let’s look at this [CHART](https://ibb.co/kHwWq4x), so starting with the high the stock made before the September sell-off. The stock has been trading in this wedge formation for the last couple of months with increasingly higher lows. The stock isn’t overbought and hasn’t been since it saw an RSI of 73 when it reached the all-time highs. I think with this wedge formation building up, with increasing higher lows and with the pattern of trading likely being an Elliot Theory 5 [WAVE](https://ibb.co/MBqPyc2) formation, I think it’s very likely we see a breakout in the near future, maybe just before earnings, and I expect this breakout to mimic the last run the stock had of about 23% up. So, with that 23% increase mirrored that would result the stock should peak around $[3900](https://ibb.co/VBpRv6j), which I expect to see by the end of the year. + +And let’s take a quick look at what 47 [analysts](https://ibb.co/YT0BPTP) on wall street are saying. They are mostly very bullish on the company with an average price target of $3800 and a high price target of $4600 which is insane for a return in the next 12 months, as 46 of the 47 analysts are either bullish or very bullish on Amazon. So yet again, the $3900 isn’t that out of possibilities even as Wall Street’s analysts expect + +So, what would I do? Well, I own Amazon stock and I believe it still has tremendous room to grow, so I would start building a position as I expect the company to resume its uptrend sooner rather than later and the next catalyst may be just a couple of weeks away with the last quarter [earnings](https://ibb.co/nLhCJpk) expected to be announced early in February. + +And I shouldn’t forget to mention that I believe Amazon is one of the most stable stocks out with very good [leadership](https://ibb.co/7KS3yS6), and with large institutional [holders](https://ibb.co/8Dj1W3C) like Vanguard, BlackRock and Morgan Stanley owning huge amounts of the company. + +So, [THIS](https://ibb.co/2d2KPV4) are my projections and my expectations for the company, and if you do want to check out the spreadsheets you can find the link [HERE](https://docs.google.com/spreadsheets/d/1O_rAl569qptpB1n1k6hpLLdOroX045_JDHrXLj81-u0/) + +Thank you everyone for reading🙏 Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! Have a great day and see you next time❗ +I am a beginner in value investing, I tried to read graham's book "The Intelligent Investor" but was overwhelmed by the numbers and terms that are mention in the books. I have no financial education background whatsoever. Are there any books to understand the financial terms so I can understand graham's book more easily? +Do you ever reflect on your previous positions and wonder why they did or didn't work out? They often say your best teacher is your last mistake. With that said, share your best and worst trades below, let's learn from each other. + +State the trade. +Your thesis. +And the catalyst that helped you realise the value or what you were missing from your thesis that cause the trade to go the other way. + +Let's hear em! +I sold my first multi-family home last week and have about $60k in cash that I plan to use for investment purposes only. I'm also willing to be patient as the market in my area is way too expensive. I'm looking to invest in a small apartment complex (5-10 units between 500k-1m total PP) but I'm not willing to spend more than the $60k. + +I've recently come across a company based in South Florida that raises funds to form general partnerships to purchase run down apartment complexes. I'm interested in doing something similar (most likely not in run down areas) with raising funds and wanting to include my own cash to make this purchase. To those of you that have done something similar, how did you meet people that were willing to listen and eventually commit? Did you create a business plan? Presentation? Brochures etc? For example, I would put down 50k myself and look for four other commits all at 50k a piece for a total of 250k down on a 1M transaction. I would take the lead on putting the deal together and managing the property myself. +I have a pretty awesome 9yo who is well adjusted, modest, and generally awesome. Our family is not super showy with our wealth but we have a pretty nice home in a major city and drive around a Tesla. Normally this kind of thing wouldn’t bug me too much but my child has noticed the wealth disparity for a couple years now between his life and his friends. There’s even a noticeable difference amongst the neighborhood kids, as those families are trying to keep up with the Joneses, whereas we’re off that treadmill. For example, we do 1-2 international trips a year whereas many of his friends have never left the country. Wondering how you all have adjusted to the income and life disparity between your child and their friends. I’m sure I’m gonna get the whole “don’t let it bother you”, but it’s not about me. It’s about my kid and his relationship with his friends. Thoughts? +Is there an API or website I could scrape that will give me a list of NASDAQ companies, and I can compare the list to a locally stored one to check for new listings - so that I can invest and catch the initial boom of the company as they're listed? +A while back someone posted about some of their favorite everyday items, which cost a multiple more than typical items. + +I learned about these $18 [Nail Clippers](https://www.amazon.com/Seki-Stainless-Fingernail-Clipper-SS-106/dp/B000F35R00) (which are pretty awesome) and thought I would start the post again and see what other everyday items you feel are worthy of spending more than most would think to spend due to their excellence. + +To start the discussion, I will share my favorite $12 [Dark Chocolate Bar](https://www.amazon.com/gp/product/B00PIMSTH6). +Republican Sen. Josh Hawley of Missouri and Democratic Sen. Jon Ossoff of Georgia are introducing competing bills to end stock-trading by members of Congress. + +A key difference between the proposals is reportedly that Ossoff's bill includes dependent children — who may have access to the same privileged information as their lawmaking parent — while Hawley's does not. The two also differ on the enforcement mechanism. + +Violators of Ossoff and Kelly's bill would be fined the entirety of their congressional salaries. The freshman senator narrowly defeated former Sen. David Perdue last year amid the Georgia Republican's own stock-trading scandal. + +On the other hand, Hawley's bill would require violators to forfeit any profits gained from stock-trading directly to the US Treasury. + +Source: https://www.businessinsider.com/josh-hawley-jon-ossoff-introduce-dueling-stock-trading-bans-2022-1?amp +Raptor Finance has today released their RaptorSwap beta version. They have build their own Swap with their own Liquidity pools and farms. Currently working on the Binance Smart Chain and soon moving as well to Polygon and other chains. + +Raptor Finance will donate part of the transaction fees to help prevent climate change and planting trees. Currently, already over 10k trees planted and many more to come! + +- Team is doxxed +- No taxes on the Raptor Token +- 100% green servers and also a percentage from transaction fees go to organizations who combat climate change. +- RaptorFarm (12 farms up to 900% APR each and more farms are being released everyday) +- RaptorStaking 100% APR +- Weekly Lottery +- Devs with 11 years experience in crypto working on the project + +📌RaptorSwap Currently has: + +- You can swap the available pairs that are in our farms +- Chart (see below update) +- Liquidity and volume chart +- Transaction history +- BNB price + +💎RaptorSwap Roadmap: + +- TradingView Chart +- Price update below swapper with selected coin +- MarketCap Chart +- Limit orders (buy/sell) +- Open order tracker +- Your personal transaction history +- Stop/Loss orders +- Alerts +- VIP Levels (the more Raptors you hold the higher your VIP level and you pay less trading fees) +- Leverage Trading!! + +During the upgrading phase Raptor Finance is planning to become Multi-Chain, meaning RaptorSwap will be available on other blockchains like Polygon and more! + +⚙️Fees: + +0.25% fees on transactions of which 0.05% will go to the donation wallet to help prevent climate change. +No fees on Farming & Staking + +RaptorNymous + +Raptor Finance targets to release RaptorNymous by the end of August/beginning September. RaptorNymous will be a privacy tool. You can deposit Raptors or BUSD there (more coins will come) and you receive a code. This code you can use or give to someone else to withdraw the deposited coins and nobody will be able to trace back the deposit wallet meaning you have total privacy which we all stand for in the DeFi world! + +Next to that Raptor Finance will have some other surprise products and the products already on our roadmap coming soon! + +🌐Check it out yourself: + +https://raptr.finance + +Join the community for more! + +📱Telegram: https://t.me/PhilosoRaptorToken + +Contract address: +0xf9a3fda781c94942760860fc731c24301c83830a +Deng Xiaoping’s leadership of China from ‘78-‘89 led to the most rapid economic expansion in World History. It was much speedier than the Industrialization of Britain, and it uplifted hundreds of millions of Chinese out of poverty. + +So why isn’t there more academic interest on this person and his economic policies which enabled this great economic expansion? + + + +Was his image tarnished by the Tianamen Square Massacre? +Does anyone buy for the intent to do aidbnb? + +I am a real estate agent and have a client interested in properties for it but have never dealt with it before. + +What do you look for? What makes it a good Airbnb property? +Hey all. So two years ago I shared my budgeting spreadsheet for the first time and to this day I still get messaged daily about it. I first made this spreadsheet to help myself understand how to budget- I've always been terrible at so I made a spreadsheet that broke it down into something manageable. + +It looks like [This](https://imgur.com/a/DYbe3AO) + +I grew up very poor and had NO sense of what or even HOW to start budgeting. I was taught that money would disappear if I didn't use it, so I just USED it. Even now I still feel anxiety about money and can spend recklessly if I'm not careful. Another problem I face is that I have ADHD, so impulse control can be hard, and it can also be hard to keep track of every purchase and focus on a bunch of aspects of a budget. + +# What's new this year? + +It's been simplified! the calculations are more robust so the sheet is a bit simpler. I also changed the way that credit card info is tracked and removed the areas I didn't use. The entire spreadsheet has been rebuilt from scratch- allowing for better google sheets functions to be used. + +This spreadsheet is made so you only focus on **ONE** number. + +&#x200B; + +I had three goals in mind when I first made this sheet: + +1. That it be easy to use +2. That it focuses on a daily budget that would support me long term +3. That it be a good starting place for someone who has never budgeted or saved before + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +So how does it work? + +Instead of a spreadsheet that set up long term goals and showed you how much you were saving each month, I decided to make one that focused on one thing: Daily spendable. + +That way I could focus on just having ONE number to look at. I wouldn't be distracted by how much I had saved. it wouldn't focus on long term goals that are hard to visualize. Instead you only have to remember ONE number. + +The daily sendable gives you a limit on how much you can spend DAILY and still have enough to put into your savings and pay bills. Now In my real life, I've set this up so that I DONT see my savings at all, They get deducted from my paycheck each month and I don't see them unless an emergency pops up. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +The main budget is divided into three core areas: + +* Income: You use this to fill in your income and choose to have a monthly, weekly, or bi-weekly pay cycle. If you are a worker who is tipped it includes an area where you can add tips, my suggestion is put in your minimum average income from tips- So for example, if you usually make 100 from tips a week, even if you get extra, try to program your budget around the 100 minimum average. +* Expenses: There you can add your expenses. Utilities are bills that are for electricity, heat, phone, internet, or water. Bills are important expenses that you can't miss and are integral to living. Finally, expenses are other things you need to allocate money for- whether it be gas, lunch expenses, transportation- etc. Within your expenses there are TWO areas to which you need to pay attention:-Credit Card Summary this is new to 2020, use the tab below to fill out your information for your credit card payments. The tab will allow you to see how much you're paying and how quickly you can pay them off.. Once you have filled it out, your budget will adjust accordingly. +* Budget summary: Finally the most important part of this sheet is the budget summary- Here you will see just how much you can spend. This money is shown in three ways, the lump monthly sum, a weekly amount, or a daily amount. As long as you don't go over that number, you will have enough money for the rest of your budget. It will also feature a breakdown of what your budget it, where your money is going, and what your income VS spending is! + +# [Here is a link to the spreadsheet](https://docs.google.com/spreadsheets/d/11ZbyvolI53eggIe-pp7QQYXx71nKckJSzXGg0oRu-0s/copy#gid=0) + +The sheet includes three charts: + +* A bar graph as a simple visual tool to see if you are spending more than you are saving +* A pie chart to see where your money is distributed +* A bar graph so you can see what your credit card balance is and where you're at with each one! + +I don't work well with a lot of budgets because I have issues imagining the big picture. By giving myself a daily/weekly/monthly budget I can make sure that on any given day I haven't spent more than I'm allowed to- and if I do I can see where I'm borrowing from or where that money is supposed to come from. + +^(NOTE: All Images in the spreadsheet are from vecteezy) + +&#x200B; + +# FAQ + +* Can I import it to excel? +\- No. It will break. I specifically made this for google sheets so people could use it for free without having to buy anything. +* Why don't you just use x/y/z? +\- I'm glad these have worked for you in the past! For me- this worked really well and helps me stay on track! I've managed to save over 4k in two years! that's the most money I've ever had in my savings! +* Do you really have adhd? Why does that even matter? +\- I do have adhd and it matters to me! people with ADHD have difficulty focusing on things like the long term effects of a budget! We're wired to focus on the here and now- so it can be really hard to plan ahead. That why i tried to make a spreadsheet that worked with my quirks- instead of trying to change myself to fit some goal. +* Why don't you just save? its so easy... +\- easy for you. Financial literacy is important. VERY important. the habits we learn nd the psychological effects f poverty can make it almost impossible for a person with no knowledge of budgeting to save. I have a compulsive fear of not having enough money to eat- i also have a habit of hiding food to help calm this intrinsic fear due to PTSD. These are direct and tangible effects of poverty in my life- among other things. It serves no purpose to just say "why don't you just..." + +&#x200B; +What happens if we become elderly and have no money? This is my biggest fear currently. + +I only make enough money to tread water, ie: barely break even (if that). There is no savings for me. I have more debt than actual money by a long shot. +First and for the record, I’m a former Mod. I stepped away several days ago. With that out of the way a few comments/observations. + +1. It took less then a week for a Mod to start self promoting. + +2. It’s now ok for a Mod to dress down members of the sub. This is sarcasm. + +3. The Mods need to police themselves and be called out, if this sub is to survive. + +4. There are some great Mods here but they need full access so they can do what it necessary. + +I will avoid responding to this thread and let others voice their options if they choose before this post magically disappears. + +I hope others will carry on if this does get deleted. + +[Example Here](https://www.reddit.com/r/fatFIRE/comments/fqr90w/reflections_on_rounding_the_corner_on_our_first/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +EDIT: Wow, my Inbox is ready to tap out. You guys/girls are awesome. I’ll get back to all your personal message in due course. To answer the big question/common theme, no coming back isn’t for me and yes it was my choice to leave. +I own some ETH, just want to put that out there first. + +I see, constantly, people in this sub not only supporting eth but also bashing the living hell out of Bitcoin. So I felt the need to at least sound off from the other side. + +I continue to invest in Bitcoin, yes even in light of everything going on with Ethereum and I will try to explain my reasoning. + +I believe they are heading to capture different markets, whether by intention or not. Ethereum has been making waves in the tech industry as I'm sure you all have been noticing. This is the way I see eth, is as primarily a tech product. Sure it's financial tech in essence, but the focus is on decentralized computing with a financial product as a feature. Bitcoin I see as a financial product with additional tech solutions as a feature. + +Ethereum has been attracting that tech money, and that money comes fast. Bitcoin, I believe, is the only crypto currency that is going to attract investment from *low-velocity money*. Offshore accounts, funds, and family offices. And that money comes slow. But it stays forever and there is an *ocean* of it. There's just no other coin to sell them. Eth is great, but it a fast moving, sandbox innovation tech project. These funds are not looking to invest in tech projects. Bitcoin, in comparison is slow moving and cautious with a proven track record of economic activity. Digital gold, is the marketing slogan that will sell them. Investment is about sales, and what are each of these coins selling themselves as? Bitcoin, being marketed as the new internet currency or digital gold is going to be the coin this "old money" will invest in. They are not looking for decentralized computing, they are looking for the most stable, internet based asset they can get their hands on. And yes, in this regards I would argue that Bitcoin is more stable. Ethereum will have scaling problems, and yes solutions are planned, but you are all *betting* that they will *just work* perfectly. I see it on all the discussions, "well that doesn't matter because we have sharding, raiden, POS coming". Think about it, a 15 billion dollar(?) valuation, when the primary processing algorithm hasn't even been decided yet? POS in a regular crypto is challenging enough, but integration with Turing complete decentralized computing? Why is everybody acting like this is a done deal that works perfectly? + +I believe Bitcoin will attract the interest of "old money" soon, and I believe that particular market of traditional finance will only invest in Bitcoin, no matter what returns eth and other coins are currently generating. Tech VCs move much faster, but I believe Bitcoin is on a slow, steady grind to capture the most lucrative market on Earth. Disruption, in those account balances, would be the biggest force for societal change we've ever seen. + +I welcome discussion. + + +**EDIT : For clarification, when I say stability I am referring to the simplicity of bitcoins first layer to the complexity of Ethereum's first layer. Not that either way is wrong, but base complexity would be an enemy of solid value storage and base simplicity would be an enemy of a flexible decentralized computing network.** + + + + + + + +Hey all, I'm a new investor here, 14 yrs old, and I'm about to invest 50$ tomorrow when the market opens up into ASTI. I did lots of research and my dad even likes it to. But I'm still very nervous, it took along time and work to get this money. In total from July I made around 350 bucks and I really want this 50$ to fly. What do you guys think? +When it comes to your relatives then words such as 'sign, loan, use credit' are words that you want to avoid. See it this way, words are actions in a way and with action comes consequences. + +On this sub there are countless stories about sons and daugthers who got screwed over by their mom and dad bc mom and dad just wanted to borrow a bit of money, just this once and of course they will pay their sons and daughters back. But history tells us that mom and dad are incapable of handling money. They have student loans from 40 years ago, and they dont own their house even though they had 30-40 years to pay for it. + +Always see the big picture when it comes to your parents. And ask yourself "if the bank won't let mom and dad take a loan, then why should I?" "If they can't sign, then why should I" + +You are not the guardian of your mom and dad. + +You are not responsible for your mom and dad. + +You have the right and I would almost say obligation to say NO. + +Just say no. You have your own life to live and your own financials to take care of. Not their financials. + +When you say no, they will be angry with you but you have to look out for yourself and build your life on solid financial foundation. + +Edit. Thx u/kassandracomplex for mentioning r/raisedbynarcissists +Currently I can afford to invest $1000 monthly. The half of it is already flowing into VTI. I was considering putting the other $500 in SPYD as a dividend strategy so I won’t have to sell anything from VTI in case I need cash (in a few years). + +Do you consider this to be a good strategy or should I consider just putting everything in VTI? + +What would be the pros and cons? + +Thanks. +I know this is not directly related to GME. But we have been keeping a close eye on market crash as there is a theory that market crash will trigger the squeeze. + +We know for a fact that Delta variant was pretty dangerous and we had significant data on it to classify it as such. However, we still do not have much information on the Omicron variant and yet it is being pushed as a narrative that does not add up. + +I am in no way an expert on virus or market but just reading the data available at hand. Going to put it all here so you guys can see and decide for yourself. + +&#x200B; + + + +|*Variant*|*Date officially Identified as VOC (variant of concern)*|*Transmissibility*|*Hospitalization*|*Mortality*|*S&P 500 same day* |*S&P 500 next day*| +|:-|:-|:-|:-|:-|:-|:-| +|Delta|6th May 2021|\+97%|\+85%|\+137%|\+0.82%|\+0.74%| +|Omicron|26th Nov 2021|official report : "Possibly increased"|Unknown|Unknown|\-2.27%|**?**| + +&#x200B; + +This does not mean that Omicron is a joke variant. This variant has a lot of mutations and has a high probability of becoming very dangerous. + +&#x200B; + +But what i am failing to understand is, how did the delta variant had no impact on the market when you could see it's fatality and adversity everyday, along with research data showing that it is dangerous. And this new variant, which is still being investigated, caused a minor red market and is all over the news saying the new variant is causing the market to go red. We still have no cases or data to show that this variant is killing more people than Alpha or Delta. + +Confusing bit is, the market all over the world started going down on 26th before this was officially added as VOC. + +In my personal opinion, market crash might be coming soon and Omicron will be used as a scapegoat to hide all the shenanigans WS has been doing. Blaming the crash on Covid will not make people as angry, when HFs and banks are bailed, as it did in 2008. +I made the mistake of test driving a model 3 performance yesterday. It made my grin in a way no car has for 25 years. But it’s £60,000 + +Background. 42m. Long term partner, 1 kid and another due. Mortgage paid off 4 years ago, £160,000 in an isa, £25,000 in cash. (£370k in a pension, not that this is really relevant) + +I can afford it, but my current car (a 6 year old leaf) is adequate, boring but utterly functional. + +Buying a Tesla seems to be in that small segment of the Venn diagram where terrible idea and awesome idea overlap. I’ve looked at other cars at a more on this planet price point (£35k Kia e nero) but none of them spark joy like the Tesla. All they give me over my £8000 leaf is a few more pointless gadgets I don’t need. + +Dear PF people. What should I do + +Edit 1. For those saying lease, it seems to be about 800 a month plus 8k down for 24 months and 12k miles. That’s 25k over 2 years, more than the likely depreciation of the asset. +TL;DR: For their Nifty50 ETF, DSP Mutual Fund was charging Expense Ratio (ER) of 0.07% from customers when actual ER was 0.16% They were bearing the cost of the balance 0.09%, in order to get a bigger share of the market/ AUM. + +[https://www.moneycontrol.com/news/business/personal-finance/sebi-punishes-dsp-amc-trustees-for-undercutting-scheme-expenses-to-lure-investors-9783961.html](https://www.moneycontrol.com/news/business/personal-finance/sebi-punishes-dsp-amc-trustees-for-undercutting-scheme-expenses-to-lure-investors-9783961.html) + +&#x200B; + +>In probably a first-of-its-kind case, capital market regulator Securities and Exchange Board of India (SEBI) imposed penalties on DSP Investment Managers (the asset management company of DSP Mutual Fund) and its Trustee company (DSP Trustee Co) for absorbing expense ratios of one of its schemes. +> +>The case pertains to DSP Nifty 50 Exchange Trade Fund (ETF), where the expense ratio was 0.16 percent. However, since DSP Nifty 50 ETF (DN50) was launched in December 2021, the fund house charged just 0.07 percent to the scheme as its expense ratio. DSP Investment Managers absorbed the balance (0.09 percent) on its own books. In other words, it showed only 0.07 percent as the scheme’s official expense ratio. +> +>SEBI objected to this saying it violates a circular that the regulator had issued in October 2018. The circular had made it mandatory for fund houses to charge all scheme-related expenses to the schemes only. The circular had said that expenses must not be paid by the asset management companies’ (AMC) books or those of its associates, sponsors, trustees, or any other firm. +> +>SEBI has imposed a penalty of Rs 1 lakh each to the fund house and the trustee company. +[*^(https://i.redd.it/kqtzkmswv7p81.png)*](https://i.redd.it/kqtzkmswv7p81.png) + +# SUMMARY: + +* **1) Here's my post from the last time I got a screen recording of this happening in real time:** + * [https://www.reddit.com/r/Superstonk/comments/t9l129/video\_massive\_sp\_500\_3474\_billion\_vol\_glitch/](https://www.reddit.com/r/Superstonk/comments/t9l129/video_massive_sp_500_3474_billion_vol_glitch/) + +&#x200B; + +* **2) At 11:20:01 AM EST today, Mar 23, 2022:** + * S&P 500 volume "glitches", increase of +108% on the day + +&#x200B; + +* **3) Total observable volume spike:** + * \+672.2 Million spike to 1.296 Billion total volume on the day + * Not that much of a spike right? Keep reading :) + * Note: At first, Daily Avg volume is NOT affected + +&#x200B; + +* **4) At 11:20:25 AM EST, \~24 seconds later:** + * \+672.2 Million spike is removed, volume drops back to *actual* 623.8 Million + * At same time: Daily Avg ***increases*** (by 29 Million) from 3.847B to 3.876B and ***STAYS THERE*** even though the volume spike was clearly completely removed + * **It would take MASSIVE, "INVISIBLE" VOLUME to cause the average to jump like that** + * ***EDIT1: And wouldn't you fucking know it: Wall Street On Parade today w/ this article:*** + * [**"These 3 Charts Strongly Suggest the U.S. Stock Market Has an Invisible Hand Propping It Up By Pam Martens: March 23, 2022"**](https://www.reddit.com/r/Superstonk/comments/tlvr02/these_3_charts_strongly_suggest_the_us_stock/) + * *(FYI: I used archive link bc WSOP domain is blocked on Reddit)* + * *Also: Charts available again. Hooray /s* + +&#x200B; + +* **5) All this,** **not to mention:** + * The observable volume spike shouldn't have even been enough to cause the Daily Avg to increase in the first place + * Remember, the spike only brought the total to 1.296 Billion, when the Daily Avg was already 3.847 Billion + * If any change to the Daily Avg could possibly have made sense, *it should have been a* ***decrease***, *NOT an* ***increase*** + +&#x200B; + +* ***6) EDIT2: (Copy/Paste from last post bc maybe there's something to*** ***this comment*** ***from*** u/NotBerger ***below):*** + * ["Assuming apple draws their data from some continuous feed there should be no reason for the hiccup and missing chart Wat doin??"](https://www.reddit.com/r/Superstonk/comments/tl3jff/comment/i1tnbbb/) + * *And from my last post:* + * *Does anyone know what the signal is that feeds charts out across all tracking apps & sites? And who is responsible for feeding it out (and has ability to cut if off)? If we could ID those things, maybe there's a way to watch for when the signal is up & when it's down, which could be a very telling indicator in and of itself... Knowing these pieces of info could also create an incredible opportunity to shine the bright light of accountability on this bullshit by encouraging key entities to sit up and answer for it every time it happens, the same way following the money back up to its source brings shady shit to light.* + +&#x200B; + +# Again: I'm no quant, but I can tell you this with certainty: + +# Daily Average Volume DOES NOT GO UP BY 29 MILLION ON A FUCKING IMMEDIATE VOLUME DROP OF 672.2 MILLION + +&#x200B; + +**HERE'S THE VIDEO:** + +https://reddit.com/link/tl3jff/video/q9c62221r5p81/player + +Just for fun, here's the very moment the volume was changing back to 623.8 Million, as the chart magically becomes available again: + +[Both today's volume and the new larger Daily Avg # are fading in as the spike and old Daily Avg # fade out](https://preview.redd.it/zbm2eytn86p81.png?width=1656&format=png&auto=webp&s=f5f0c7242da2c0363a2c9416518d166f06c69f32) +I am a complete newbie but want to get into trading. I am thinking of make a start by investing in cryptocurrency as the prices have considerably fallen. Is it a good time to do the same? Or shall I invest in something else? +I am a complete newbie but want to get into trading. I am thinking of make a start by investing in cryptocurrency as the prices have considerably fallen. Is it a good time to do the same? Or shall I invest in something else? +Hello, I know that this may seem like not the right place to ask this question, but how do you guys trade? I am not looking for an easy way to make money or anything. I really want to learn how to trade and how to choose stocks to invest in. If anyone could help me out I would really appreciate it. If you guys could like share stories about how you started out or just send links of articles that would help. Thank you very much! +Hi, I'm searching new assets for trading with a low budget(about 200$), I'm not doing it instead of working nor I want to be milionarie, I'm just a student that would like to earn 5-10$/day doing trading, currently I'm investing a lot of time doing it, but on random assets and this is not good, I think I should focus on a single crypto, do you have some coin to suggest for daily trading? +Does triple bottom always a good sign to buy in? Does that indicates a bullish sentiment ahead? As i have doing some research, i wasn’t sure if it is correct, what do you guys think about it? +We are in Florida, the tenant says their bank has their money on hold for a possible fraud safety. They are not answering my calls or text since Saturday. What should I do? +I 35/f have a question regarding maxing out my 401k. Ive already maxed out my Roth for the year, established a 6 month emergency fund and still contributing, plus contributing HSA. + +My company offers 6% match and currently I contribute 15%, should I just do the max 6% and allocate those funds to somewhere else ? Also they offer a traditional /Roth 401k and I have those split for my contributions, should I just focus one or both ? Any help would be appreciated! +&#x200B; + +|REIT UK Index|Daily price movement as of LSE close today (4:30pm UK).|Performance, trailing 5 days| +|:-|:-|:-| +|FTSE NAREIT UK Index|\-5.89%|\-16.31%| + +&#x200B; + +|*Commercial REITs*|Daily price movement as of LSE close today (4:30pm UK).|Performance, trailing 5 days| +|:-|:-|:-| +|Segro|\-6.05%|\-17.50%| +|Land Securities Group|\-6.21%|\-17.70%| +|Warehouse REIT|\-8.41%|\-24.31%| + +(1) + +|*Specialist REITS*|Daily price movement as of LSE close today (4:30pm UK).|Performance, trailing 5 days| +|:-|:-|:-| +|Supermarket Income|\-5.63%|\-14.74%| +|Impact Healthcare|\-5.94%|\-19.24%| +|Residential Secure Income|\-4.96%|\-17.61%| + +Such huge and swift declines in many of these REIT share prices were last seen in the global financial crisis of 2008 and the 2020 market crash. + +These significant drops in share price follow concern among investors about the UK property market - in particular, concerns about rapid rate hikes (2). + +This afternoon, the 2 year gilt yield has risen to 4.61%. The GBP/USD exchange rate is 1.07 as of 4pm today, down from 1.17 just 1 month ago. + +A number of mortgage providers have restricted access to mortgage products due to interest rate volatility (3). + +A number of the largest mortgage providers have today revealed increases in their rates, with the 2 year fixed Nationwide BS mortgage having a rate of 5.59%. (4) + +What are your views on the UK property market at this time? + +&#x200B; + +Sources + +* ^(1 - Google Finance - there may be discrepancies/changes in prices due to market data delays.) +* ^(2 -) [^(https://www.theguardian.com/business/2022/sep/26/pound-sterling-uk-interest-rates-bank-of-england)](https://www.theguardian.com/business/2022/sep/26/pound-sterling-uk-interest-rates-bank-of-england) +* ^(3 -) [^(https://www.bbc.co.uk/news/business-63041679)](https://www.bbc.co.uk/news/business-63041679) +* ^(4-) [^(https://www.financialreporter.co.uk/nationwide-increases-fixed-rates-by-between-90-120bps.html)](https://www.financialreporter.co.uk/nationwide-increases-fixed-rates-by-between-90-120bps.html) +Hey everyone, I saw a really good post yesterday about UK clean energy stocks that haven't taken off yet. HERE - [https://www.reddit.com/r/UKInvesting/comments/kmbq30/uk\_clean\_energyesg\_stocks\_that\_havent\_exploded\_yet/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/UKInvesting/comments/kmbq30/uk_clean_energyesg_stocks_that_havent_exploded_yet/?utm_medium=android_app&utm_source=share) + +There was however one company that were not in the main write up, but did feature in the comments - Active Energy Group. I've been analysing them for several weeks now and currently hold 84,000 shares for full disclosure. The price at time of posting is £0.0095 per share (makes that 84k holding seem instantly less impressive!). + +**Executive Summary** + +What do AEG do? AEG is a renewable energy company focused on traditional and second-generation biomass products which have the potential to transform the traditional coal fired-power industry. In addition, AEG is developing a complementary forestry management business. AEG has developed proprietary technology that produces CoalSwitch™ a product with unique characteristics that make it commercial valuable for multiple industrial and domestic applications. Under the direction of an experienced international management team, AEG is well positioned to grow into a leader in the global Biomass renewable energy industry through the commercialisation of CoalSwitch™ and its ancillary products. + +Market Cap: £14.8m + +Share Price: £0.0095 + +Available to buy on: Trading 212/AJ Bell + +**Management Team** + +It won't be any surprise to say they aren't household names like Elon Musk or Jeff Bezos - however, they do appear to have good pedigree and two notes I take from this is that firstly in all videos/audio content they are very much on top of their business and affairs. I've seen some investor packs recently with no Financial data, I'd rather know about it... even if its bad. Second point to note is the team are the right size for growth now and stabilisation. Can check the board out here and their respective credentials - [https://www.aegplc.com/about-active-energy/board-management/](https://www.aegplc.com/about-active-energy/board-management/) + +**Small Cap soft checks** + +I always like to check whether small caps are doing the basics right - have they got a website and more importantly is it professional - Yes. All documents up to date? Yes. Are they clear on what their product offering is, thus enabling potential customers to understand prior to a more formal inquiry... Yes. I'd like to see a few other things on there such an video content to understand the products more but I do like the Coalswitch comparison sheet and gives good context on why its of benefit to any potential buyer. + +**Pros** + +Recently had an order received from PacifiCorp to trial the Coalswitch product - [https://www.asktraders.com/analysis/active-energy-aeg-share-price-jumps-after-first-coalswitch-order/](https://www.asktraders.com/analysis/active-energy-aeg-share-price-jumps-after-first-coalswitch-order/) + +This order is the second order raised by the PacifiCorp org - this one is directly on PC and there was a prior order some years ago by a subsidiary of PC. Maybe back for round 2/might have faith in the product development. + +Insider buying shares in the past 9 months (c.£22k). This shows the people inside the business have a positive view on where it is heading. + +Debt - there is a level of debt and whilst many would probably believe this is negative, I actually like a company to have some debt as it shows they are trying to grow and as long as they use a debt facility constructively its generally positive. However, in this case I like the debt because it means its time for AEG to start performing - push the sales contracts and drive revenue. + +Patents for UK and US - US granted December 10th, 2020. [https://www.bioenergy-news.com/news/active-energy-awarded-new-us-patent-for-coalswitch-process/](https://www.bioenergy-news.com/news/active-energy-awarded-new-us-patent-for-coalswitch-process/) + +**Cons** + +They've been around a while and on the face of it, you could be forgiven for questioning why they haven't done more with the time they've had so far. I personally do get a little concerned by the fact Coalswitch has been around about 4 years and the business has gone from 70 employees down to 14. Hardly booming - however, this could be down to a change in strategy and automation. They claim its because they've been focussing on developing their proprietary operations. + +Revenue is spiky and doesn't appear consistent - could easily change with the introduction of a new order from a major player though. This is a risk with 99% of small caps though. + +Has previously been share dilution and as with any growing company, could happen again. Personally I've factored 2 dilutions into my assessment so I don't get disappointed. + +**AOB** + +Everything they do is orientated to the US market, sites in the US, AGM in the US - investor presentation is in $ and not £. Makes me wonder if they are aiming to get bought out by an American company. Highly speculative though. + +Michael Rowan that was disbarred is not the AEG Michael Rowan. + +**As always - DYOR, don't trust anyone on Reddit but just wanted to share what could be a good opportunity** + +&#x200B; + +Interested to know others views on AEG - any pros and cons... always good to have a rounded view on an investment. +Hi, I currently have about 90% of my portfolio in equities right now and 10% in cash. I do think the market is overvalued right now. I'd like to get down to about 60-70% equities. But I also think even at current rates the pound is overvalued too - international markets are not pricing in the coming UK economic crisis this winter. Anyone know if there's a cheap platform where I can hedge against the £ collapsing by holding some USD or a basket of global currencies or something? +I have been on the lookout for a super top-up health insurance plan. I wanted to get it early this year, when covid was at its peak. However, upon some research I realized that super top-up plan needs to align with the base health insurance plan - most probably on the same date or at least on the same month. + +Surprisingly, both policybazar & coverfox do not have much details about these plans. I did a comparison among some of the super top-up plans that i came across while doing a google search. Here is the detailed comparison. + +&#x200B; + +|*Company*|*Reliance GIC*|*Aditya birla*|*Star Health*|*Tata AIG*|*Niva Bupa*|*ICICI lombard*| +|:-|:-|:-|:-|:-|:-|:-| +|**Plan Name**|Health super topup|super health plus topup|super surplus|super topup|health recharge|health booster| +|Deductible|4L|5L|3L|5L|4L|5L| +|**Sum Insured (SI)**|46L|50L|50L|50L|45L|50L| +|**claim settlement ratio**|100%|97%|93%|96%|96%|| +|**Network Hospitals**|8000+|5000+|10000+|7200+|8000+|| +|**TPA/Direct**|Direct||Direct|||| +|**Room rent limit**|Single A/C private room|Single A/C private room|Single A/C private room|Single A/C private room|Single A/C private room|Single A/C private room| +|**NCB**|10% increase per year upto 50%|No|2.5L extra per year|50% increase per year upto 100%|5% increase per year|| +|**Co-Pay**|0|0|0|0|0|0| +|**Pre hospitalization days**|90|30|60|60|60|60| +|**Post hospitalization days**|180|60|90|90|90|90| +|**Home hospitalization**|upto SI|50K|No|upto SI|upto SI|| +|**Ambulance**|3500 per hospitalization. Air ambulance upto 5L|5000 per hospitalization. no limit in network hospitals|3000/year. 10% of SI for air ambulance|3000 per hospitalization|1500 per hospitalization|5000 per hospitalizatiino| +|**Free health checkup**|once in 3 years upto 5K|||once in 2 years||| +|**Ayush**|upto SI|upto SI|No|upto SI|upto SI|upto SI| +|**Organ donor**|upto SI|upto SI|upto SI|upto SI. Donor screening & transport also covered|upto SI|upto SI| +|**Other features**|In case of critical illness, free premium for next year. Deductible = 0 after 4 years of no claim|Deductible becomes 0 after 5 years of no claim|SI can be reset once in the year. |All modern medicines fully covered.||SI can be reset once in a year.| +|**Premium for family (2A+2C)**|11256/-|7869/-|12768/-|12665/-|5761/-|11396/-| + +&#x200B; + +One observation is that the premium range is unusual - starting from 5761/- to 12768/-. I even got a quote for 22k+ from bajaj allianz which I ignored. There are 3 policies that stand out from this list. + +* Reliance : Looks like an all-rounder with moderate premium, good claim settlement ratio and good benefits among all others. +* Tata AIG : The only policy that offers donor screening & organ transport expenses along with covering all modern medicines like robotic surgery. I think modern medicine coverage is very important as the world will become much more technically advanced in the next 10 years. +* Aditya birla : 2nd lowest premium with the most of the benefits covered - except for home hospitalization. + +Please share your thoughts, suggestions and experiences. +This is a meme/shitcoin so keep in mind. + +I just ran this through Rugscreen and got 0.3 points (“Probably not a rug”) + +Token supply: 1,000,000,000,000,000 / 5% tax redistributed to holders/ 5% added to LP each transaction + +So this is a DeFi coin that gives back. I really like the concept of it. Huge chunk of the LP is burnt. I really like how the devs are super active on the TG. They seem to have great marketing which is literally the fuel and direct correlation to going to the moon. In this case, Popping that Pussy to Space. Lol. + +The contract is renounced so they cannot keep creating more supplies so I love that. + +Liquidity is locked and dev wallets seem minimal. + +Yeah, so I aped on this pussy pretty hard. Lol + +DYOR and dont invest away your rent money and be a dufus. + +🔸Ticker: $POP + +🌎Telegram: [https://t.me/pussypopbsc](https://t.me/pussypopbsc) + +✅ Contract Renounced: [https://bscscan.com/tx/0x08d011614601c8fb6f154716a3928e568e599012f27652453416b8a48eb588b8](https://bscscan.com/tx/0x08d011614601c8fb6f154716a3928e568e599012f27652453416b8a48eb588b8) + +🔒Liq Locked: [https://unicrypt.network/amm/pancakev2/pair/0x4d813a05b3196e70305c4b92d7d69bf85aeef578](https://unicrypt.network/amm/pancakev2/pair/0x4d813a05b3196e70305c4b92d7d69bf85aeef578) + +📝Contract: 0x4EC796DC929eC31052F5D59C3e2d0320E07e73c5 + +🥞 Buy on PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4ec796dc929ec31052f5d59c3e2d0320e07e73c5](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4ec796dc929ec31052f5d59c3e2d0320e07e73c5) + +🔥 75% Token Burned: [https://bscscan.com/tx/0x409c96ad4ca07dec15ee78482496500be5d31a08b6ed212c3aaa84dc96614dff](https://bscscan.com/tx/0x409c96ad4ca07dec15ee78482496500be5d31a08b6ed212c3aaa84dc96614dff) +Note this question is not related to the recent, tragic events in Ukraine. I think we can all agree that the war crimes and horrors are very real and wrong but I am not discussing those right now. This is a question I have had for a while now. + +Russia has a relatively low GDP per capita. [Its minimum wage is, on paper, around 10% of that seen in Britain](https://www.mappr.co/wp-content/uploads/2021/03/image-204.jpeg). [The total national income is less than that of Texas in terms of nominal GDP](https://imageio.forbes.com/blogs-images/greatspeculations/files/2018/04/COMM-everythings-bigger-in-texas-04132018-e1523977818402.jpg?format=jpg&width=1200). + +Yet, when one looks at how Russians live, [it is lavish](https://www.youtube.com/watch?v=Gye8ukFO-9s). [The Russians have been buying up large amounts of London real estate over the last 3 decades](https://www.scmp.com/business/article/3168715/russians-own-about-us147-billion-property-london-government-moves-stamp), whilst Brits (who are richer on paper) are bring priced out of their own capital. [With all the super yachts being (rightfully in my opinion) seized following the war](https://www.independent.co.uk/news/uk/home-news/russian-oligarchs-superyacht-seized-what-b2046381.html), it further begs the question of how Russians have been able to live such grand lifestyles given they have relatively little money. +Just wanted to highlight this, because today I saw a post with some guy posting his buddy's 5 DRSed shares because he was convinced it wasn't worth posting. Immediately after, I saw another post with 25 DRSed shares and the OP saying it was an embarrassingly small number. If I was an X holder, this post would discourage me from DRSing and make me feel like my number was too low to make a difference. + +I'm asking you all to be mindful of your language. I love seeing posts with 1 share DRSed and a title like "GET YOUR RAINCOAT ON HEDGIES CUZ THIS WHALE ABOUT TO MAKE A FUCKIN SPLASH". This is the encouragement X hodlers need to DRS. + +X and XX hodlers, don't feel bad about your numbers. Pound your chest with pride because you are the fucking WHALE. Every single share (even fractional!) matters. Every single ape matters. Brick by Brick. + +Buy. Hodl. DRS. + +🧘‍♂️🦍💎🙌🟣💍♾️🏊‍♂️🚀🌙 +Today’s livestream and the shill infested daily comment thread amplifying the unrest caused from it is a prime example. Sure, the livestream was a little annoying, I stopped watching after a few minutes myself, but shills in the daily thread quickly picked up on that conflict and amplified it to a level where it seemed like Rome was burning to the ground. They’re going to take any real source of conflict from here on out and use it to sew as much chaos and dissent as possible. Fracturing this community is their reason for existing at this point. Let’s make their job as challenging as humanly possible. Love, unity, support, positive energy, those are the states of being that crush the shill mission. +There are a bunch of discussions going on (some informed others not so much ) about what is going to be successful and what is going to crash in 2018. I thought it would be great to consolidate peoples positions in one easy to find post so our future selves can easily revisit (to cry over/to smugly refer people to/to quietly smile and pat yourself on the back/etc) + +I invite you to look into your crystal balls, post your picks and set a "remind me". The more detailed your prediction the more bragging rights or mockery your future self will earn! + +I will start with mine: + +NEO - to the stratosphere + +Stellar Lumens - to the mesosphere + +IOTA - to the International Space Station + +Bitconnect - will die in an alley during a deal gone bad + +Bitcoin Gold - will die of untreated diabetes + +Eth classic - will go missing and will be presumed dead + +(I posted this in r/cryptocurrency too. I hope that doesn't break any rules. I meant to post it to this community but posted it there in error and I can't delete it because people have started to respond. Not my intention to spam but I want people here to take part) +The amount of support and feedback I received on my previous post was insane! I want to thank all of you for that, and since there was so much interest in these portfolio updates, I'll definitely be posting here every week. + +Previous post: +https://www.reddit.com/r/thetagang/comments/j1m4vc/my_100000_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + + +Since so many people in that post typed "!remindme every Monday" I thought I'd post this 2nd update on Monday, but I'm actually posting my Portfolio Update videos on YouTube every Friday. Depending on your feedback I can also post here every Friday after my video comes out, or just stick with Mondays for Reddit. + + + +9/25/20 Ep.1 (Trades #1-10) +http://imgur.com/gallery/PP9lNH2 + +10/2/20 Ep.2 (Trades #11-19) +(http://imgur.com/gallery/liQPVZ9) + +*For some reason, after trying to rearrange the image order multiple times, and even re-uploading, Imgur keeps putting Update 19 as the first picture in the gallery. Update 19 should be the final picture. + + +I had a few comments last time say they preferred a more coalesced, easy-to-digest version of the data. My friend was kind enough to make me a spreadsheet which I've attached a screenshot of in this week's gallery. I hope it makes it easier to visualize the information. + +As always, I appreciate any comments, questions, and suggestions. Thanks! + +*EDIT* Here is the spreadsheet template that I use, in case any of you would like to make a copy of it and use it for yourselves. On the 2nd sheet, it also includes a calculator to help you reach annualized target rates. If you encounter any problems, please comment and I will try my best to assist. Also open to suggestions. +https://docs.google.com/spreadsheets/d/1ynGzkCEKH_YXemoHDkaqeBrWUIDHz8reN6O4mt5JMgc/edit?ts=5f7b9661#gid=0 + +*EDIT* Ep.3 is up! https://www.reddit.com/r/thetagang/comments/ja1feg/my_102627_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.4 is up! +https://www.reddit.com/r/thetagang/comments/jecdew/my_102729_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.5 is up! +https://www.reddit.com/r/thetagang/comments/jip1rg/my_103696_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.6 is up! +https://www.reddit.com/r/thetagang/comments/jmxnqq/my_103948_portfolio_revealed_wheel_options/?utm_source=share&utm_medium=web2x&context=3 + +*EDIT* Ep.7 is up! +https://www.reddit.com/r/thetagang/comments/jr7sbw/my_103372_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.8 is up! +https://www.reddit.com/r/thetagang/comments/jvh5n8/my_103692_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.11 is up! +https://www.reddit.com/r/thetagang/comments/k8z1uh/my_107170_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share +Hello, + +I'm being kicked out of my mothers home. She is schizophrenic and can't support me anymore. I'm only here until this morning and then I need to be out. My car(Crown Victoria) is already packed and we already said our goodbyes. I have no friends or family members to stay with, and no job. + +Where does anyone reading this think that I should go? I understand that I need to get a job as soon as possible, no matter where I end up. Should I just make a "B line" towards the closest city? I'm willing to live in my car if I have to but I don't know how I could have a job without being caught. + +I know that I didn't provide much information but I don't know what to think right now. + +Thank you all + +EDIT - 1:47AM, 03/21/15 - I very much appreciate the offers from people for a place to stay and a job and would love to take one up but I don't know if I can trust anyone without major proof of normalcy. I must seem very vulnerable at this point so I feel like many people with malicious intentions are lurking. + +EDIT - 4:30AM, 03/21/15 - I don't know what to say. I'm receiving so many kind messages and comments. I'm sorry if I can't get to yours. I very much appreciate all of the help that I'm being offered and I'll try to keep updating this thread as long as I can. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[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) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I started a cash out refinance last week and my rate started at at 5.25% with a 30 year amortization. Then 5 days later it was moved to 5.75% and then 6% Friday. I contacted the lender and asked if they would honor the original rate quote and they said no, in fact they said it would likely go up again before we were done. This is with 740+ credit score and very low debt to income. + +So, I pulled the plug on the deal. What kind of rates is everyone seeing on cash outs right now? +I plan to open up a portfolio with M1 in March when I turn 18. I will have about $3000 saved up that I plan to invest. I have a portfolio of ETFs compiled that I plan to DRIP. + +My question is: lump sum or auto-invest at a specified rate? + +If the latter, how much, and how often? + +Thanks in advance! + +Edit: For those suggesting DCA, can you please give a brief description or link a good resource? +UPDATED. I am in conversation with a realtor friend who I had planned to hire as my sellers agent. The other day she suggested she would buy my place as part of her own 1031 exchange. There is currently no contract for listing or sale in place. I have a few Questions/thoughts around this: + +1. Do I even need a seller representation agreement? I would think not. So I would just need a lawyer/escrow/title services. +2. What if anything should the commission structure be? There would be no listing, no sales efforts on her part etc., and since we are not under a seller agreement I would consider myself the procuring cause of the sale. +3. If no commission I would expect her to offer slightly under listing value since we both save on effort and commission. What is reasonable or is there something else I'm not considering? +4. Would it work like this: we go under contract for sale with a contingency for the 1031 going through? +5. She has further suggested that I rent the house out and she buys it fully rented. This helps as I continue to have mortgage payments. +6. Any other thoughts, considerations, pitfalls, or advice? + +Thanks! + +EDIT: thanks everyone for the Comments. The realtor's own 1031 exchange hasn't starred, so the idea of renting is to keep me solvent while her own sale takes place. I assume we would both vet potential renters. +I ask this because if your $2 million portfolio were to make an average ish 10% return, that means you made $200K plus whatever you make for your job, which is awesome. Would this be like owning a business in a way except that it is completely passive in comparison to managing a business such as a owning a restaurant? + +Any restaurant owners here? How much are you taking home a year? I don’t care about revenue, I wanna know how much free cash flow and money in your pockets. +I came across this article about a couple making $500k/year that was only able to save $7.5k/year other than 401k. Their budget is pretty interesting. At a glace, I could see how someone could look at it and not see many areas to cut. It's crazy how it's so easy to just spend your money instead of saving it. + +Here's the article: https://www.cnbc.com/2017/03/24/budget-breakdown-of-couple-making-500000-a-year-and-feeling-average.html + +Just the budget if you don't want to read the article: https://sc.cnbcfm.com/applications/cnbc.com/resources/files/2017/03/24/FS-500K-Student-Loan.png +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + + +Hi. I'm planning on leaving my job at 47. My new job has a simple IRA. + +Should I leave the 401k at my old employer? It’s worth $500000 + +Or should I roll it over into an IRA so I can still contribute to it so I don't lose compounding momentum? + +Thanks +Inspired by this tweet by Jason Crawford: [https://twitter.com/jasoncrawford/status/1425533463294353423](https://twitter.com/jasoncrawford/status/1425533463294353423) + +The full quote: + +>In the pre-1920's era, there was no concept of "retirement." Workers "worked until they dropped - that is, they kept working until they were physically unable to do their jobs, after which they became dependent on their children, or on church charity and other kinds of private welfare programs. The first step in the old-age revolution was the passage of the Social Security legislation of 1935 that provided for a nationwide old-age pension system. + +The Rise and Fall of American Growth by Robert J. Gordon + +I am posting this because I sometimes feel like people don't appreciate just how amazing it is that it is even possible for some people to retire at a relatively young age. This entire community is a monument to just how wealthy we as a society have become. Go back only 100 years and most people didn't have an option to retire \*at all\* let alone at 40. It is an incredible achievement in my opinion. +Hi all, so im coming on here to see if i can get as much help/advice as possible. I want to get my finances straightened up and get on a budget plan. Im currently making $70k in my sales job. I own a home i purchased in 2019 for $256k in central california. My home is currently valued at $410k. I have 23k in my 401k account with my employer. I take home $2k bi weekly. Both my credit cards are also maxed out. I was never taught about finance nor did a lot of learning myself. + +List of expenses/bills + +Mortgage: Monthly $1,657 @ 3.25% interest +Security Camera: $61/month +Credit card #1: $500 limit @ 9% interest +Credit card #2: $500 limit at @7% interest +Solar: $72/month +Personal loan #1: Balance $6,906 @ $290/month +Personal loan #2: Balance $5,685 @ $174/month +Car payment: Balance $9,286 @ $247/month +Phone bill: $195/month +Car insurance: $130/month +Gas: $60/week + +Total: $2,994 a month. + +I want help on how to better attack my bills and get out of this hole. Im hoping someone can help me lead the way to success and change my mentality. Any help will be much appreciated thank you. + Details: mid-to-late 30s married couple with two young children, double income, $500k+ gross annual income, $3m+ NW (U.S.) + +Background: came from middle-class families, went to public universities, and took advantage of numerous internships and job opportunities coming out of school with a joint $100k income. Worked really hard for the first 10 years climbing the corporate ladder, to the point where one of us is an exec at a Fortune 500 company and other is upper-middle management at a smaller company. Made a few good real estate decisions over the years. We don't skimp on vacations (pre-covid), cars, etc. We've never really had a budget that we had to follow. However, we don't spend a lot of money otherwise (no expensive clothes, shoes, furniture, etc). If you met us on the street, my partner and I would probably be wearing shorts and a t-shirt. + +Why I feel guilty: We still work hard, but nothing like the early years. We'll work 50 hours a week on average. I think we're good at what we do, but do we really deserve half a million a year? On an average month, we have a positive cash flow of about $15k (after-tax). We don't have to think twice about much of anything, money-wise. Our goal is to retire in about 10 years with an $8m NW. + +I can't talk to anyone about it for obvious reasons...so I'm posting anonymously here instead. Did we really work that much harder than the next person to be able to afford this type of lifestyle? Or are we just lucky? We don't know anyone in real life with a similar financial situation but I figure you're on this board. Would love to hear about your experiences to see how they are similar to mine. +Appears to be a continuation from yesterday's tweets which caused a 5% drop in TSLA. + +https://www.cnbc.com/2019/02/26/elon-musk-lashes-out-something-is-broken-with-sec-oversight.html +Okay of course no one can answer that decisively, but I'm interested in various opinions and a discussion. I have read some reports stating that multimillionaires from Asia massively buy property in central London and leave the flats empty on purpose, in order to increase the property's value by reducing the supply of flats. I was wondering if the same could be happening in the rest of central Europe eg. in Germany where the rents are skyrocketing in cities like Munich Stuttgart Frankfurt over the past years... +If this is true and the people owning this property decide to sell and leave from the X country with their profits, the supply would suddenly increase and the "bubble" would break, damaging all other people who had invested in the same real estate market buying in artificially much higher prices. + +On the other hand, there is the kind of similar example with the diamond market, where the prices are artificially so high because one company, De Beers, has pretty much a monopoly (in both mining and supplying) and controls the supply of diamonds in the market. However in that case, it doesn't look like it's a situation that will ever change, so I would hardly characterize that one as bubble. + +What is your opinion? Is my way of thinking reasonable or completely out of this world? +Hi all, + +First of all, I am discovering this community and it is amazing! So many good advices and kind people! + +I come from a family that earns a decent amount of money but is very unfamiliar with investment. The only investment they are familiar with is buying a house to live in and not paying rent :-) + +They put money their entire life on their saving account with the idea of helping me buy a house in the future. + +Now I know I won’t buy a house in the next 7 years and had the discussion with them and they agreed to just transfer me the money and that I should do whatever I think is best for me with it. It is 100K€. + +I don’t want to leave that money doing nothing. From my readings, all world ETF like VWCE seems a pretty solid choice to put it there and forget about it. + +My questions are: +- market seems very high and I’m a bit concerned by a crash. 7 years is long but not huge. Should I wait or invest in less risky products? (Bonds?) +- if I decide to go with ETF, should I buy 100k tomorrow to enter the market asap or should I buy every month/week a defined sum to average the cost over some time? +- I use DEGIRO broker, any advice on ETF I should look for? +- Any other advice? + +Thank you all in advance! + + +PS: I know it’s already a good sum and I am very lucky for it, but it makes me a bit sad to think that this money would be worth wayyy more if invested during all that time… but better late than never! + +PS2: I now live in Switzerland, for an undefined time which is why I do not wish to buy a house in the near future. +Without going into detail, it’s been a hard year. If I look at my finances, I could probably effectively go to working about 5 hours a week with $2.5m in NW. The plan was to shoot for $25m NW in 10 years. So, what is the difference for you? Why FatFIRE? What does $1m a year really buy you that $100k a year doesn’t? +We have been struggling for a while and all I’ve wanted to do is lift us up and get us in a better spot, so when I got this call, it brought such a wave of relief and gratitude. All I want is to bring my wife and daughter the best life possible, and the idea of someone offering me the opportunity to give them more was nearly overwhelming. + +Thank you for reading and I offer my best wishes to all who are struggling. Take care everyone 🙂 + + +Edit: Thank you so much for your congratulations, encouragement, advice, and similar success stories. I’m grateful to you all and grateful for the opportunity I’ve been given. Thanks again and take care everyone :) +So I want to buy a plot of land or a house in Minnesota or North Dakota to hold for decades, give to my son (who is a baby), so he has somewhere to live when the coasts are uninhabitable and the Great Migration begins. I feel a bit tin-hat in this idea, but I think it's the reality to come and I think it may be a sensible investment even if he doesn't end up using it. I have some cash I can use to buy to a plot of land or a cheap house, or could perhaps use a VA loan. What are the drawbacks? Would it be a better ROI to let money sit in an S&P500 index fund for 50 years or to buy some land before it potentially becomes super expensive? I own a house in North Carolina now (not coastal, but near large rivers) + +&#x200B; + +edit: missing word +Genuine question: Why do you invest in real estate? + +I know there are a ton of benefits to investing in real estate like tax benefits, building wealth, passive income, tax-free money, etc and all the good things easily searched on google. + +But WHY? Is it something you're passionate about? Were you influenced by your family? + +I'm just looking for clarity on this. + +I know there are stories out there but most just default to "build wealth" & "have passive income" +Greencoin /FAIR LAUNCH recently / liquidity locked / next evolution defi project/ Greencoin + +&#x200B; + +What’s greencoin and what makes it special ? + +Green coin is the next evolution DeFi exchange on Binance smart chain (BSC) + +Is the transparency of the Devs in this project and they have been doxxed + +We see a lot of defi exchange at the minute but we believe we can do so much more. We are not here to compete with others but we are here to add to the community using crypto. + +&#x200B; + +This project is one that enriches the pocket of its holders, it returns 5percent back to existing holders for every transaction carried out. + +&#x200B; + +Why GREENCOIN? Our Endgoal is to build the next defi exchange on the binance smart chain + +We share the vision of this possibility, there are no assurances I mean do your research but we actually believe in the possibility of this as it sounds achievable for us with hard work + +&#x200B; + +Tokenomics: + +Ownership renounced + +LP Locked + +10% Tax on all transactions + +5% Back to holders + +5% Burnt to black hole, never to be seen again + +&#x200B; + +What are our plans for the future? + +Step 1 will be to get audited ( techrate already in progress) + +Step 2 coinhunt - already applied for + +Step 3 release V2 Website Step + +Step 4 first AMA + +Step 5 CMC and CG + +Step 6 White - bit Exchange + +&#x200B; + +Our marketing strategy will be to attack the market hard and fast. We will not be taking breaks for the first month and everyday something new will happen. Poocoin, YouTube, ticktock, twitter, Instagram and much more. + +&#x200B; + +Telegram: [https://green-coin.io](https://green-coin.io) +Usually see a lot of high income techies here, which is cool & all! Just looking for more of your average middle-of-the-road people on the same journey. I’m actively investing in index funds, paid off my car debt, have no student loan debt, & live in a small house in a LCOL area. My partner owns a small business & she has some student loans but no car debt. We live frugally & our FI number is $750k. + +Anyone else on a similar journey? What motivates you & what is your process to to FI/RE? + + +My wife and I got these wonderful knives for our wedding. Henckles or something like that – they are German engineered and insanely sharp. So this afternoon I was using the long serrated one to slice through a tomato, and underestimated the length of the blade and it ended up cutting deeply into my hand. It was effortless, I need to emphasize this – the knife just went right in, and given the motion made a pretty good slice. If my arm were a roast beef, I would have been pleased with the cut. I didn’t feel anything but was aware of what happened, I just stared at it for a second and saw this thin line with no blood. Just as I thought to myself, “well that wasn’t so bad”, the blood came pouring, POURING out. I put paper towels on it, and they soaked through. Then real towels, and they soaked through too. I kept trying to put pressure on it, and I thought the blood will have to stop at some point, but it didn’t. So as I sat down and wondered if duct tape might work, I started to feel light headed. Before I called for help, I thought to myself how ironic it would be for me to die right here, so soon, alone on my kitchen floor bleeding out from an accidental knife cut. I thought, what a waste – all the saving, all the planning I’ve done for my future, all the assumptions about what my wife and I will need for retirement, long term care planning, how we’ll pay for improvements to the house. I felt cheated and really angry about the possibility of going out this stupid way, at this inopportune time. It made everything I had done in my life pointless – saving up for things that will never come. + +But that’s life…I don’t think my life was truly in danger today, but it was a bit of a wake up call. We are not guaranteed tomorrow, never mind 5 or 10 years from now. Life is short and it’s unpredictable. Although this hasn’t dissuaded me from pursuing my FIRE goals, it reminded me that it’s also important to live for today too. It’s easy to lose sight of this. + +Based on this, we have decided that some portion of our savings should be allocated for YOLO initiatives. This will not be everything, just a small percent, and we will only buy things that we’ve saved for. But we decided that it doesn’t make any sense putting off things we really want until we’re “independently wealthy” when we’re not even sure at what point that is. If anyone has any comments on how you were able to make this work, we’d appreciate it. In the meantime, I’m off to the market to buy a pint of Haagen Das instead because it’s been a long day. + +Edit: some typos fixed. Also, thanks for all these great responses. I’ve been reading them to my wife and we’ve really appreciated them. + Yesterday my grandparents received a call where the caller attempted to get money from them by pretending to be one of their grandkids who was making a call from jail because they had hit a pregnant woman with their car. They said something along the lines of "we are calling because we are scared to call mom and dad" continues to ask for 15 k in bail, switches to accomplice who pretends to be public defender and confirms story. They claimed to be calling from Arlington, Va. I'm not sure if they gave a name or just said hey grandma. There were a lot of hints that it was a scam and thankfully my grandparents didn't give out any personal information or money. They contacted my parents and after a bit of panic they all got in contact with me. When they tried calling the number back it was disconnected. So yeah guard your old folks. + + +Edit: if this is common I hadn't heard of it and I frequent this sub and Reddit and the internet, so this is a PSA for anyone else in my boat. Maybe remind your friends and co-workers if you believe this to be common knowledge. + + +Unfortunately, a call from the drunk tank for me isn't unlikely so maybe it seems more clever to me than it is. +I've always wanted to have an internal competition, but why keep it to ourselves. Get some degenerates from reddit to join in. + +I’ve suited up in full PPE to enter ASX\_bets, it's part of our OHS measures. + +# The Prize + +* 1st place gets free ASX trading for a year\^ +* Second place gets... **help me with a prize?** +* Dead last wins a $200 cash consolation prize +* The top 3 leaders at the end of the first three quarters get $100 + 5 free ASX trades + +# The Rules + +Happy to take feedback on the rules. + +* Your portfolio must contain at least 5 stocks or funds, a max of 10. + * Must be ASX ~~or US~~ and something you can buy on the SelfWealth platform. +* You’ve got a fictional budget of $10k, so you can spread it as you see fit +* It must be submitted here before the end of 19th June +* You need a SelfWealth account by end of June 2021 +* (OPTIONAL) post your SelfWealth alias with your tips +* Dates go from 20th June 2021 - 19th June 2022 (this will include the final day of US trading) +* Dividends aren’t counted because that’s too much effort... +* If corporate actions take place, we'll all make a call on how that works +* MINIMUM of $1k per stock +* We have to get at least 100 entrants + +# How to Enter + +Open for recommendations if there's a better way of doing this. Post your tips here as a comment using this format: + +TICKER/$ + +An example: + + SWF/4000 + IVV/1000 + BRN/1000 + Z1P/1000 + 88E/3000 + @Yeeeeeet (that's my actual alias) + +I’ll then throw them into a Google sheet so we can track who’s winning. + +*\^ 120 trades with a year expiry on them. If you monkeys are trading more than that then we’ll also throw in some therapy to get you off your addiction. Also, these are real CHESS-sponsored trades, none of this “one omnibus HIN” malarkey*. + +*Any cash prizes are deposited into your SelfWealth cash account.* + +Just in case: these are NOT investment recommendations from SelfWealth. Do not take investment advice from people on the internet, let alone the people on ASX\_bets. + +At the request of the mods, mods can't enter. This isn't associated with the actual sub, purely a SelfWealth thing. + + +# Updates + +* We are in /r/ASX_bets so removed the US stocks from the tips +I've always wanted to have an internal competition, but why keep it to ourselves. Get some degenerates from reddit to join in. + +I’ve suited up in full PPE to enter ASX\_bets, it's part of our OHS measures. + +# The Prize + +* 1st place gets free ASX trading for a year\^ +* Second place gets... **help me with a prize?** +* Dead last wins a $200 cash consolation prize +* The top 3 leaders at the end of the first three quarters get $100 + 5 free ASX trades + +# The Rules + +Happy to take feedback on the rules. + +* Your portfolio must contain at least 5 stocks or funds, a max of 10. + * Must be ASX ~~or US~~ and something you can buy on the SelfWealth platform. +* You’ve got a fictional budget of $10k, so you can spread it as you see fit +* It must be submitted here before the end of 19th June +* You need a SelfWealth account by end of June 2021 +* (OPTIONAL) post your SelfWealth alias with your tips +* Dates go from 20th June 2021 - 19th June 2022 (this will include the final day of US trading) +* Dividends aren’t counted because that’s too much effort... +* If corporate actions take place, we'll all make a call on how that works +* MINIMUM of $1k per stock +* We have to get at least 100 entrants + +# How to Enter + +Open for recommendations if there's a better way of doing this. Post your tips here as a comment using this format: + +TICKER/$ + +An example: + + SWF/4000 + IVV/1000 + BRN/1000 + Z1P/1000 + 88E/3000 + @Yeeeeeet (that's my actual alias) + +I’ll then throw them into a Google sheet so we can track who’s winning. + +*\^ 120 trades with a year expiry on them. If you monkeys are trading more than that then we’ll also throw in some therapy to get you off your addiction. Also, these are real CHESS-sponsored trades, none of this “one omnibus HIN” malarkey*. + +*Any cash prizes are deposited into your SelfWealth cash account.* + +Just in case: these are NOT investment recommendations from SelfWealth. Do not take investment advice from people on the internet, let alone the people on ASX\_bets. + +At the request of the mods, mods can't enter. This isn't associated with the actual sub, purely a SelfWealth thing. + + +# Updates + +* We are in /r/ASX_bets so removed the US stocks from the tips +Here's a little more info about my situation for more context: + +I'm 35 and I currently have a TFSA with Desjardins of about 45 000 that don't earn me any interests. For the last few years, I've been saving this money because I was always on the edge of buying a house, but giving the recent explosion of the real estate in my area, I have no idea when and if it's ever going to happen anymore. + +I also have a RRSP with 'Fonds FTQ' of about 22 000, and another RRSP with my job of 11 000. + +I have about 30 000 of cotisation room left for TFSA. + +I'm single and live alone (not by choice, buy I don't expect this to change soon), and I make about 75 000 a year before taxes. I also just opened a TFSA account in WealthSimpleTrade but there's nothing in it yet, as I'm not sure where to start. + +I also work for a private company, so I won't have a pension fund when I retire. + +What would be the best thing to do with this money (and future money), if I want to invest it long term, but keeping the possibility of using it IN CASE something in my life changes and I suddenly have an opportunity to buy a house? + +Please don't be too hard with me as I'm really new to all of this. Any advice will be greatly appreciated. + +&#x200B; + +EDIT: + +I didn't expect this post to be so downvoted. I sincerely apologize if it wasn't the right place for it. + +&#x200B; + +EDIT 2: + +My first award! Thank you kind stranger! :D + +Also, thank you all for taking the time to write your thoughts, I'll try to make good use of all your advice! +Hi + +Apologies for the throwaway, and also if this isn't an appropriate post. + +I have a Banksy print that is worth about 20-25k. It was bought for £100 back in the mid 2000s and then kind of forgotten about, so it wasn't intended as an investment. After realising over the last couple of years that it was actually worth money, I'd imagined that I'd hang on to it as an investment. + +However, in order to get it insured, I had to get a valuation, and that came back as over £40k value - I don't really understand why, but it seems to be a thing with insuring art? So I'm paying £200 a year to insure it. + +Another big consideration is storage - I don't have anywhere ideal to keep it, and I'm worried about it getting damaged, or damp, etc. + +If I sold it and stuck the money into - say - a 2-year fixed savings account at 4%, I could earn £800 a year in interest. + +Thanks in advance for any and all advice! +This is a very short update but I have a number of items to cover before market open. + +# Welcome Satori Team as Moderators + +[\(plot twist: they are actually IRL androids...\)](https://preview.redd.it/htrg11qn55571.jpg?width=630&format=pjpg&auto=webp&s=df4cdd9ced0faafdb1d70723713e3590447dcd4f) + +Not many of you know the true history behind Satori and how it became so intertwined with the mod team. The truth is they've been working with me since before the r/Superstonk migration. These members include u/catto_del_fatto, u/grungromp, and u/Captain-Fan. They have worked meticulously and tirelessly to progress the Satori project from idea to manifest guardian ape-gel of Superstonk. + +Awhile ago, we added u/catto_del_fatto and he was able to study the sub from a moderator perspective. He has earned our trust and since then has been promoted to general mod permissions. As a result, the Satori team quickly became linked to the mod team, as they became more and more critical to the sub's makeup. + +In the past few months, in addition to Satori, they have helped us identify FUD attacks, organize mod mail, and identify bad actors and true apes alike. I would be wrong to suggest they aren't already a critical aspect of our moderating practice, and therefore we mods voted with overwhelming support to do the next logical step: add them as moderators. + +**Please join the mod team in welcoming** u/grungromp **and** u/Captain-Fan **to the moderator team.** I have no doubt they will continue to bring incredible concepts to life, with more accuracy and reliability, as mods themselves. Congratulations! + +Also, now they can't escape \*maniacal laughter\*\*cough-cough\* + +# Satori Approvals + +[SATORI DIRECTIVE: PR073CC 4P3](https://preview.redd.it/zg5j1yh465571.jpg?width=1332&format=pjpg&auto=webp&s=d6329324faa295c425e8975b0aec1e59b1821e9f) + +For those unaware, Satori is a sophisticated program that we utilize as a subreddit to identify "true apes" and also "bad actors" or people who would otherwise spread FUD and harassing posts. As a result of this software, we have been able to introduce an approval process that adds members to the Approved Users list. These approved users can bypass the [karma and age limits imposed by automod](https://www.reddit.com/r/Superstonk/wiki/index/automod_info). + +We realize there is some confusion about Satori, and we are working on clearing this up in a more reliable way. I just created a [wiki page for Satori](https://www.reddit.com/r/Superstonk/wiki/index/satori) and while it is currently **under construction** you can check back there for updates on the system. This should help us streamline any questions and information, just as we do with [SuperstonkBot](https://www.reddit.com/r/Superstonk/wiki/index/superstonkbot). + +Additionally, you can check out u/grungromp's post, [**Satori: The One Week Security Update (Important Information Inside)**](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), for a more recent update. The most critical aspect of this post is the new **!apeprove!** comment function, which means that any user, inside karma/age limits or not, can comment **!apeprove!** on any r/Superstonk post and be bumped to the top of the list. If your comment is immediately removed, I am told it will still work! + +We have some limits imposed by Reddit, so the approvals are done in waves so as to work within this limits and Reddit policy. This **!apeprove!** function allows active users to essentially cut line. Make sure you use it! Spam will not be tolerated, though. Patience is key. + +# We... Us... "The Movement"... What is this? + +[We just apes.](https://preview.redd.it/jcufgqqb75571.jpg?width=760&format=pjpg&auto=webp&s=06768c4ac97561f9d1e02d46c39aaf6dd120412b) + +Okay, listen. We must follow Reddit policy, or they might take the sub down. We must follow actual laws, too, because god-forbid they do something evil like delist GameStop or implicate apes legally, as they did u/deepfuckingvalue. So, I am going to have to be a bit stern here and amplify a few things that I really think I need to amplify: + +1. Please view the DISCLAIMER associated with the subreddit. You can access it by going to r/Superstonk and (on Desktop) looking at the side bar, and (on Mobile) under the About menu. +2. We do not manipulate the market. We do not coordinate anything regarding the stock market. We do not urge people to buy or sell, or do anything with what is their privately owned stock. We do not shame people for their choices as retail investors, in an attempt to get them to hold when they don't want to, or to buy GME when they'd rather buy something else. We let retail investors make their own individual decisions. That's sub policy. +3. We do not organize or attempt to push political action, or spark Occupy Wall Street 2.0 or whatever some of you think this is. We are not going to organize letters to the SEC or otherwise enter ourselves into a political arena that we, trust me, do not want to enter. We are a bunch of apes who are bananas for GameStop and that's about it. +4. We are here to share information, build a community, and express ourselves regarding GameStop as not just a stock, but also as a company, in way that is not pressuring or purposefully influential, and is based on fundamentals as well as market realities. If you don't want to talk about GameStop, there are plenty of other subs to go to, and, if you talk about GameStop, make sure you follow the rules and guidelines of the sub. +5. TL;DR: We like the stock. We love the company. We are apes. That's about it. + +Please also keep in mind that r/Superstonk was once a small little sub of just under 300 people before it exploded due to the Second Great Ape Migration. After that time, we got quite used to being the unknown sub that everyone needed to know. Well, we kept growing... + +We know that big news stations, personalities and influencers, and likely GameStop themselves all keep track of us, so know that when you post content, it will be seen by people who might be writing negative-slant articles, or who might get on TV and talk negatively about us. I am not going to censor you or limit you, as this community will be as self-aware as it can be, I guess. I am suggesting that you maybe consider how your post or comment will bring unwanted attention or scrutiny to the sub. + +No, I am not asking you to tone it down or "behave" for the big shots. Not at all. Have you seen my Twitter? Please. I am just reminding you of where we are. We aren't that little sub anymore. We have more online members than r/wallstreetbets these days. We are rising fast. Let's just be mindful of what negatives that can bring, if the right apes say the wrong things. I know you are all smooth brains but maybe, if you can spare adding a wrinkle, add one in this regard. + +# Superstonk Live: Monkey Business (stay tuned...) + +[Created by apes, about apes, for apes.](https://preview.redd.it/oukctkmx65571.png?width=4001&format=png&auto=webp&s=bae7e8fa5859aea36119d68aad01c987b900b15d) + +The mods are currently trying to put together a Monkey Business for the end of this week. The exact date is still in flux, but please comment below if you want to be considered as a participant in these panel-centric live streams, and an organizing mod may reach out to you. You do not need to be on camera, but you WILL need to be an active community member. + +We have only done one episode of Monkey Business and [you can watch it here](https://youtu.be/UDKC_oXqhGM). + +Please do NOT contact us directly, and trust that we will reference this post, or select them on our own accord based on behavior and interaction with the community. + +Keep an eye out for a post about specifics, or you can subscribe to [https://www.youtube.com/Superstonk](https://www.youtube.com/Superstonk) and watch for the stream. + +# Superstonk Awards Design Contest (stay tuned...) + +[I am giggling right now as I insert this photo. HE IS SO CUTE.](https://preview.redd.it/go1bb632f5571.jpg?width=633&format=pjpg&auto=webp&s=90a92abb86f8b1ff6bb06825457ff516eef113bf) + +I will be personally handling this contest and I am very excited because I actually do some pro designs IRL. Therefore, I feel I can be very strict and specific about all of the details \*evil laughter\* \*cough\* ahem. + +We are going to be hosting a design contest to generate some Community Awards. You can [learn more about these awards here](https://www.reddit.com/r/announcements/comments/chdx1h/introducing_community_awards/), but there will be a post early next week (or tomorrow) with all details and submission requirements. + +I can say currently that we will be using the bracket system that we used for the Banner Contest, and it will be a bit more streamlined and, well, faster. You will be submitting via email, so please create an anonymous email if you have not already, unless you don't care; I won't reveal anything either way, other than the design, name of award, and author by Reddit username. Also, the top eight will be receiving prizes, and ALL will receive mod-awards that give Premium membership. Stay tuned for more! + +*I honestly had hoped to make this post yesterday, but since I was feeling under the weather due to my second COVID-19 shot, there's a slight delay. Apologies! I am giving the other mods time to look at my details and give me feedback before I post, but I wanted to let you all know it's coming.* + +# Onward to Market Open + +[Make sure you drink lots of water!!! \(or mead\/ale\)](https://preview.redd.it/2oddk4y585571.jpg?width=2000&format=pjpg&auto=webp&s=c0fb40f1881f57d39f76fedbc348471fd290f129) + +I also want to say real quick that the only thing we're pumping right now is my excitement and love for this community and the incredible mod team that I am so very lucky to have at my side. Never, ever, in a billion years, did I ever think r/Superstonk was going to reach these numbers (over 430,000) or beat r/wallstreetbets with online users. I mean, I joked about it, like "Superstonk will be the next big thing! You just wait! I'll show you!" but really I'm so smooth-brain it hurts so I never expected it for real. + +My joke/dream was that I wanted to hear Fox News anchors say "Superstonk" out loud on national TV, and right now I can't even be sure they haven't already. This is truly remarkable and IMPRESSIVE. To the mods and the entire community, thank you for being the shit a.k.a. the bee's knees a.k.a. diamond-handed lunar apes a.k.a. the kickass OG badasses of reddit. Thank you for being here and making r/Superstonk the *best sub on reddit*. I am truly and eternally grateful. + +I am actually REALLY excited for market open and I have a gut feeling that we're going to see some crazy price action this week. Remember, trust DD over Red's gut... please... Just remember, a lot of what we're seeing is intended to discourage GME holders. If you like the stock, feel free to HODL it as long as you like. I personally will be. Let's go! 🚀 +NSE had suffered a system failure on February 24, 2021. + +It's quite strange that no major media house is covering this anymore. [Moneylife](https://www.moneylife.in/article/will-sebi-give-us-the-real-story-behind-the-nse-system-failure/63118.html) has written an article about this today. I'm not a subscriber and thankfully the article is free to read. You should read the article. + +It's astonishing that backup systems, transfer systems and the entire tech back-end failed on that day for the NSE and we still do not have a clear understanding of what happened on that day, as investors. + +What confidence will investors, both retail and institutional, have on the exchange and overall market regulatory mechanisms when the regulators themselves are silent about such a major mishap? +After years of profitability, the Fed says hey we will take on your losses. + +Will the Fed buy my puts when I get ass-blasted by SPY this morning? Those are toxic assets right now right? The answer is no because it don’t matter if that makes me go bankrupt. It only matters when shitty airliners that should fail anyways go tits up. + +Press F for the US economy, it’ll never be the same after this. +So.. I fucked up. + +I didn't realise how big of an issue the decay would be. + +I bought in on the 12th of March at a approx price of $**14.75** with the ASX200 being at approx 5300. + +At its peak I was up bigly and confident the ASX will retest its lows so I held during the bounce. + +The ASX200 is very close to where I bought in today, 5350 yet BBOZ is now at $**11.43** + +**TLDR im 22% down when the market is at a very similar spot!** + +So I fucked up. I have decided to sell out. I think its best to cut my losses right now because we may see more sideways volatility before being close to testing the lows, further degrading my losses. + +I still have 120k sitting in bear which is doing better so happy days and I will be keeping it for now. + +My rant is over. Im sorry for everyone who I criticised. I knew it would be a factor, just not as big as it has been. + +Loss will be close to 50k on BBOZ and BBUS. OOPS +This is in Florida. My tenant paid July rent last week and then passed away yesterday. She is the sole earner of the household, which has a total of 3 people (her son and her mother). I have a month's rent security deposit in savings. The lease is/was signed through the end of December 2021. Not sure where to go from here. I suppose her family has some figuring out to do with her estate. What are my options? Is the lease null upon death? Should I work with the family to see about having her mother and son move out? Are there any laws in place to dictate the rules and timeline for this situation? I suppose I'll need to contact a lawyer, but posting here first to hear other's experiences. Thanks. +Hi guys, +I really want to get off on the right foot of investing my money for the long term, I have some savings currently, and I’m about to start a job with a yearly salary so I will be able to contribute more from now on. + +I was wondering if someone could point me in the right direction of what to invest in and how to start, I really am clueless currently. Thanks in advance! +The recent debate on this sub has been whether SCHD or JEPI will be the better long term hold. I backtested the performance of each here’s what I found. +If you invested $1000 into each ETF at the beginning of 2019 and reinvested dividends, here are the results: +JEPI = $1,492, 8.5% average yield +SCHD = $1,791, 3.5% average yield +DIVO = $1,620, 5.5% average yield + + +The underperformance of JEPI over a longer period IN AN UP MARKET is apparent here. But how does it act in a down tape? From analyzing drawdowns, We can see that JEPI tends to hold up better in a bear market because of the covered call premium, as you would expect. DIVO performs somewhere in between the two. + + +TLDR; Most of the time, SCHD outperforms on the way up, and JEPI outperforms on the way down as well as in a sideways market because of its high yield. DIVO is somewhere in between. They are all good investments but their allocation in your portfolio should be determined by your time horizon, financial situation and risk tolerance. There is no one shoe fits all. +I nibbled at $280 but it got me thinking. Am I catching a falling knife here with tech stocks taking a beating and recession possible? Then again, Microsoft is one of the safest dividend stocks out there. So I am wondering if it is too soon to buy Microsoft shares? If so, what is a good price to buy Microsoft? Thanks! +Good day, Apes! + +I have done deep digging into how many GME shares really exist, and the results may leave you speechless. + +Note: This is not financial advice. + +Note #2: I've decided to utilize data from DRS Bot to assist in deriving the total number of existing GME shares. + +Firstly, about DRS Bot: + +DRS Bot was an ingenious idea created by u/Roid_Rage_Smurf to record shares from Apes' DRS posts on Superstonk (et. al). + +DRS Bot has many safeguards that ensure the data captured is legitimate. Here are some critical points on DRS Bot that u/Roid_Rage_Smurf has pointed out in the past: + +"-DRSBOT rolls a random number on every entry. That's the YOU WIN A VISIT reply. + +\-DRSBOT requires a witness when a user crosses 4 entries. + +\-DRSBOT requires a witness when a user tries to enter more than \[redacted\] shares. + +\-DRSBOT stops apes from entering in duplicate posts in parallel subs. + +\-DRSBOT compartmentalizes ALL sub entries... so if (for example) \[GMEOrphans\] gets too sus, we can easily jettison/ignore the data and continue. + +\-Witnesses belong to a private (Reddit) chat group. They are constantly trading messages, information, etc with each other... + +\-In \[GMEOrphans\], a Witness is required for EVERY DRSBOT entry. + +\-When a witness is required, DRSBOT rolls out an automatic "Background Check" (reading public profile information... (Edit: !DRSBOT:HELP! call won't work here because of the flair... but you'll see a background check pop up on a witness post). + +Stats apes have sifted through the distributions and have verified that it's pretty hard to fake the dispersion." + +Moreover, the only way any shill could tamper with DRS bot is if they report a very low # of shares (e.g. DRSing 1 or 2 shares), because if the number is too high (e.g. 500), the bot will flag the post and require Apes to verify its authenticity before it gets approved and recorded. + +So, if there's actually a few shills trying to tamper with DRS bot, at best they can only do so by bringing down the total average # of shares/Ape. (This means that the real average would be higher, which is good for us Apes utilizing the results from DRS Bot, so that we don’t overstate the analysis). Even then, Apes are always ready to spot a fake post and flood the DMs of the witnesses. I've checked a majority of DRS posts on Superstonk and from the only minuscule # of fakes I’ve seen within these past 2 months, none were able to get past DRS bot. + +With that being said, these are DRS Bot's most recent results at the time of capturing this: + +https://preview.redd.it/3h4nr9ksqk081.png?width=615&format=png&auto=webp&s=bb0113119c49fa2a083c910160e54773834b5a28 + +&#x200B; + +&#x200B; + +\[**There are officially 76.49M outstanding shares for GME**\]([https://ycharts.com/companies/GME/shares\_outstanding](https://ycharts.com/companies/GME/shares_outstanding)) + +DRS Bot recorded 772,448 shares. This means that over 1% of Outstanding GME shares were recorded by DRS Bot. This is an exceptionally significant number of shares in the hands of an adequately large sample size that we can use to ascertain the real total number of existing GME shares. How can we do that without knowing the total # of shareholders, you ask? Well, I will be digging into a rather controversial topic in this sub to extrapolate this critical variable. Whether or not you agree with me on this, I believe this information is essential to deriving an approximation for how many GME shares exist overall: + +For many reasons, \[also discussed in u/Criand's past DD\] ([https://www.reddit.com/r/Superstonk/comments/pb22oj/the\_puzzle\_pieces\_of\_quarterly\_movements\_equity/](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/)), αmc & GME move very similarly. Moreover, both have an exceptionally large & dedicated group of Apes that hold both stonks. Considering, however, that this all started with GME, it would be reasonable to infer that there's a larger community for GME. + +That being said, take this into note: + +In late April, αmc Apes were informed by CEO Adam Aron that there were 3.2 million Apes within the U.S & Canada alone. + +In early June, they were informed that the numbers were 4.1 million Apes (worldwide). \[The data was recorded on June 2nd and released on June 9th\]([https://twitter.com/ceoadam/status/1402723600398946306?s=21](https://twitter.com/ceoadam/status/1402723600398946306?s=21)) + +Since this was the number of Apes for αmc, and since both stocks are similar in many respects to the Ape community, we can deduce that in June, there were 'at least' 4.1 million GME Apes (highly likely the number was floating around 5 million). + +This was almost half a year ago, mind you. There has been significant and consistent growth every week since then, within this sub, social media platforms, etc. I can't use June data in my analysis, as it would be considered obsolete. Furthermore, I am confident that the real number has increased substantially since then. + +This is the growth in members Superstonk has had since its inception: + +&#x200B; + +[Consistent organic growth from new Apes as of June-forward](https://preview.redd.it/ka2aihvcik081.png?width=879&format=png&auto=webp&s=265bb5ebe625fbbaab4b71b7a0f504c8d125eaff) + +Superstonk had about 400,000 members in the beginning of June. As of today, it has approx. 690,000. That's an over 70% increase from when 4.1 million Apes were recorded. If we were to apply these percentages to the 4.1 million, we'd come out to 6.97 million Apes. We could say that half of those new users were a combination of shills, alt accounts, etc.; however, that would still leave us with approx. 5.5 million Apes, up 1.4 million from June, which would be a conservative estimation for growth within 6 months. + +I honestly believe there's way more than 5.5 million GME Apes worldwide (e.g. in Hong Kong alone, there were 900,000 GME Apes trying to vote 6 months ago, just to give you a perspective of the numbers we are dealing with), but let's work with 5.5 million, as a conservative approximation is favored to ensure the results aren't overstated. + +With that, here are the variables and findings: + +\[Please Note: Although DRS Bot recorded 160 shares per Ape as the average, to increase my Confidence Interval for the floor average, I will assume that, as the sample size increases over time, there will be a slow decrease in the average and consolidation around 150 shares per Ape. However, I will use an average of 140 shares per Ape, because I would like a lower limit to ensure that I don't overstate the estimate. Hence, variable x̄ will be approximately 140 shares per Ape, instead of 160\]. + +Sample Size: 5,301 retail investors + +Legally issued shares = 76.49 million + +s= shares + +SH = shareholders + +δ= existing GME shares + +\----------------------------------- + +s= 772,448 + +SH=5.5 million + +x̄≈140 shares per Ape  + +\----------------------------------- + +x̄(ΣSH) ⇒ 140(5.5 million)≈770 million GME shares. + +δ≈770 million GME shares + +δ/Legally Issued Shares ⇒ 770 million/76.49 million ≈ 1,007% outstanding shares. Approx. 693.5 million GME shares are synthetics + +&#x200B; + +**∴ There exists 770 million GME shares, approximately 1,007% the number of legally issued shares. Q.E.D.** + +Now, what does this entail? Firstly, can we just point out that a handful of Apes (a little over 5,000 Apes) have 1% of the Outstanding GME shares? A little over 5,000... out of a pool of over 5 MILLION. + +If this doesn't demonstrate how utterly screwed SHFs are, I don't know what does. This is why a GME price in the millions is more than possible. From a mathematical standpoint, 90% of holders could paper hand during the MOASS, but because SHFs need to cover ALL their shares, after all the paper hands are gone, they'll still need to continue covering and be left with only Diamond Hand Apes that refuse to sell no matter what. That would cause SHFs needing to keep raising the price up ($500,000 to $700,000 to $1.5 million to $3 million, etc.) until the final millions of shares left have been covered. This, and the geometric mean, prove that the price of GME not only can indeed exceed millions per share, but that it is very likely to do so in the event of covering. + +Logically speaking, this makes a lot of sense. The 100x GME had from $4 to $400 was purely FOMO. As we found out from the SEC Report, the January run up was neither a short nor gamma squeeze, but pure FOMO induced behavior from retail that was about to break SHFs into actually covering until they colluded against retail on January 28th. In doing so, however, all they did was kick the can while creating an even bigger black hole to suck out all their money in the end. Maybe they did it to buy them time to destroy evidence and send money to offshore tax havens for a planned post-MOASS escape, but I digress. + +Now, to ensure we have hard scientific proof of synthetic shares, we can obtain an extreme conservative estimate utilizing the Pareto Principle, which would translate to 20% of Apes are doing 80% of the work. This would help give us a grounded conservative limit. + +Let's say that the data from Superstonk is only representative of 20% of the 5.5 million Ape population. So, the 140 average share per Ape is only applicable to 20% of the 5.5 million Apes. And, to make the numbers the most extremely conservative as possible to find the lowest possible number of shares out there, let's say that 80% of Apes only hold 1 share. + +Yes, you heard that right. Let's say that 80% of the 5.5 million Apes (4.4 million) only have 1 GME share. We know that this would be ludicrous and completely unrealistic, but for the sake of finding a floor and extreme conservative estimate, say that only 20% of Apes hold an average of 140 GME shares, and the other 80% only hold 1 share each. + +That would come out to: + +\[(5.5 million)(.8)+(5.5 million)(.2)(140)\] + +⇒(4.4 million)+(154 million) ≈ 158.4 million GME shares + +**An extreme conservative estimate of 158.4 million shares, still approx. 207% the number of legally issued shares. Hard scientific proof that synthetic shares exist.** + +Some skeptics may claim that the data extrapolated from DRS Bot is subject to sample selection bias, and as such, may opt to take the conservative estimate using the Pareto Principle as the real number of shares; however, I have 2 reasons as to why sample selection bias has been negated: + +1. The common Ape is engaged in their respective GME-related communities, and, therefore, would participate in community activities, such as DRSing their shares, and reporting their shares to the DRS Bot. Hence, we can say that DRS Bot did a great job at extracting data from the average GME investor. +2. The data extracted from DRS Bot doesn't include institutional investors, which hold hundreds of thousands-to-millions of shares each. The institutional outlier would easily cancel out any opposing outliers that may lower the average (i.e. x holders refusing to report to DRS Bot, even though about 20% of the sample size from DRS Bot data composed of 'x' holder Apes, nullifying the claim from skeptics). This is another reason why I believe the numbers are being understated, and why there's much more synthetic shares out there. + +This is why I'd be more inclined to believe there's over 10x the number of GME shares out there than legally issued. SHFs have been shorting GME for years, and they've doubled down on their shorts every day since the January run up, hoping to shake out Apes, which they failed miserably in doing. + +You see, SHFs never intended to cover their shorts, just like with zombie stocks. Their goal was to take it to $0, so that they could keep all the profits, tax free. Hence, why they were reckless with the synthetics. In their perspective, they could create 100 million synthetics, and as long as the stock got delisted and went to $0, they'd never have to cover a single thing. Criminality at its finest. + +And brokers were complicit as well, may of whom were giving Apes IOUs instead of actual shares, which is why we're seeing them pushing back and trying to slow down the wave of Apes DRSing their shares. This is because brokers can't find real shares to replace the mountains of IOUs, and Apes have been slowly figuring it out: + +https://preview.redd.it/sk5me9o5tj081.jpg?width=828&format=pjpg&auto=webp&s=fdaf67a61d222bd1aff2b1b083b761269579dad5 + +From what we now know, what can be inferred? SHFs will not cover their shorts until they no longer have a choice in the matter, as they know they'd go bankrupt doing so. + +And don't think on waiting for the government to do anything. These are multi-billion dollar hedge funds. They have their own plants inside regulatory agencies doing their bidding for them. Judges get bribed millions of dollars all the time by companies to dismiss cases and make them go in their favor. Even when there are boy scouts in the government, expect them to be restrained and limited in their ability to accomplish much by an army of SHF lawyers and an arsenal of strategic tactics from the elite. This is why Apes have been getting nowhere calling the government to take action. + +https://reddit.com/link/qxljfb/video/li6fosc08k081/player + +At most, the government is passing rulings to mitigate the damages of a looming economic collapse in the near future (possibly from the MOASS, overleveraged rehypothecation of T-Bonds, foreign externalities, Evergrande, etc.), but don't expect much more until Apes starts to get dangerously close to locking the entire float. + +\[According to [computershared.net](https://computershared.net), Apes have locked over 1/3 of the float within the past 2 months\]([https://www.computershared.net/](https://www.computershared.net/)) + +This process would be quicker; however, brokers are deliberately stalling the process, so do be aware that these are your shares and you have the right to take the steps necessary to ensure that your shares make it from your broker to CS. Transferring from your broker to Fidelity and from Fidelity to CS seems to be the quickest option. + +\[For those of you reading this and still in the process of understanding CS and how to transfer your shares, here's a complete guide to CS.\]([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/)) + +Again, need I remind you that a measly 5,000 Apes (out of over 5 million) hold 1% of GME's outstanding shares. There's well over 500,000 Apes on Superstonk. Do the math. Apes have had the power the entire time. Do not say your GME shares don't make a difference, because they do. Buying, Holding, and DRSing your GME shares is literally creating history as we know it. + +I expect the closer we get to locking 100% of the float, the stronger the pressure the government will feel to taking initiative themselves, as once the float is 100% locked, there's no going back, and the entire world will witness the synthetics shitshow that will reveal itself and completely undermine the market's regulatory bodies. Moreover, as we also get closer to locking up the float, shorting GME back down will be a lot more costly and difficult for SHFs to do, which is why it's highly likely to me that the MOASS will start before the entire float gets locked up. + +Regardless, Buy, Hold, DRS. + +TL;DR: There most likely exists around 10x the amount of legally issued shares. Extreme conservative estimates still unequivocally prove that synthetics exist. Apes can easily lock up the float by registering their GME shares, exposing vulnerable SHFs to the world and initiating the MOASS. + +\------------------------------------------------------------------------------------------------------------------------------------------------- + +{Side note: For any Ape skeptical for the large average of 140 shares per Ape, it's nothing to be surprised about, considering that the majority of Apes are YOLOing their life savings into GME/meme stocks, because they recognize the simple relationship of cause and effect (SHFs overleveraged themselves shorting GME and once forced to cover will give birth to a nuclear-level MOASS), and market dynamics that will lead to a major financial crash, in which heavily shorted stocks, such as GME, will become Noah's Ark, a safe haven asset for investors in a sea of red. I've never been more sure of something in my life before, and I'm sure many others feel the same way. You invest sufficiently enough, and with Diamond Hands, all you need is the 1 MOASS to be set for life and generational wealth.} + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Edit: I was so conservative in my data that I forgot to point this out haha. An Ape reminded me of this significant factor: [https://www.reddit.com/r/Superstonk/comments/qxljfb/comment/hla9udl/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qxljfb/comment/hla9udl/?utm_source=share&utm_medium=web2x&context=3) + +The results from my data are assuming that Apes are DRSing 100% of ALL their shares, which is very likely not the case. More likely, is that, on average, they've been DRSing around 20-50%. For example, an Ape with 500 shares may have DRSed only 100, so only the 100 would've been recorded by DRS Bot and utilized in the data and averages. This means that the results from this data are very likely understated (average shares per Ape could very well be around x2-x5 this amount; making total number of GME shares x2-x5 more than my findings), but the most important thing from all this is that the findings here is hard proof of synthetics. 🚀🚀🚀 +I've got a pretty sweet deal on five SFHs for $363k. All five are rented, but two of them are Section 8. + +I've never had a Section 8 home, and I have no idea what it entails. What are my expectations? What are the tenants? How do I get paid? +Not sure if this is the correct subreddit but figured you guys would know best. + +I am a soon to be college grad working in the Houston area after graduation making 55K a year. My brother makes about 60K currently and is 2 years out of school. We have been discussing the idea of going in on a duplex together and each living in one unit. The plan in the future being that we would eventually move out after living there for a while and then maintain the property and rent them out, splitting the rental income and mortgage payments, obviously. We have looked at doing a FHA loan as we both don’t have a ton of liquid cash to put a 20% down payment down. + +I am wondering if you guys have any opinions on this idea or any tips. Just some extra information to go off of: we both have great credit for being so young, no debt for either of us besides car payments, we also have a lot of rehab/renovation experience as we grew up doing this type of work for our stepdad who flipped houses for a living. + +Thanks in advance for any help! +Now I will admit, I am a very smooth brained ape that has been holding GME for nearly 6 months (what a ride, right?). + +I'm sitting here having my cup of coffee and I've been seeing an awful lot of talk saying "this could be it" or "it's happening", the thought then popped into my head that if any form of squeeze happens within the next week then I assume its because the Hedgies want as many people to take profit and sell their shares before the MOASS actually starts. + +The sittuation with GME has been minorly predictable since I invested back in December, well, the Hedgies tactics have been anyway. + +Im not saying any sort of squeeze will start before the meeting, all I'm saying is if the squeeze does infact start withing the next 3 days then it is because the Hedgies wanted it to, not because its time. + +Buy, Hold and for the love of all things good in the world, if you havnt voted but you can, please do it! Voting honestly takes less than 3 minutes to do, it's super easy and every single vote counts so please do your bit. + +If your friend drives you around 24/7 because you don't have a car and you never offer them petrol money then you are taking advantage of someone trying to help, your just tagging along for the ride without offering anything in return, this is what having the ability to vote but choosing not to do it looks like. So again I say please vote! + +This is in no way financial advice, I'm literally just sitting here with a cup of coffee and a cigarette venting my thoughts and my opinion to a community I truely love and who has already changed my life. + +Apes together strong! 🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 + +Oh, I almost forgot:💎🙌💎🙌💎🙌🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀💎🙌💎🙌💎🙌 +So I'm 30 y/o and had my money placed by a bank for a couple of years and wasn't pleased with that choice as I only saw all these fees going and wasn't 100% free to choose where my money was going. + +This is why I am setting a portfolio (long term, 5-10 years) based on sectors I really believe in and not only because they may have a momentum. **Initially, I wanted to invest in green energy, but I am conscious it is important to diversify**, this is why I'd appreciate some comments and your recommmendation regarding the balance. + +Also, many of these ETFs have quite a momentum, would it be better to wait for the market to calm a bit or to jump on the train ? We never where how it's going, it might dip or keep going up. + +&#x200B; + +\- Green energy (25%) + +**TAN (Invesco Solar) :** Focused on solar energy only - Started in 2008; Expense Ratio = 0.62 and average spread = 0.07; Assets under management = $488.56M; 5 years' performance = 76.69% + +**FAN (First Trust Global Wind Energy) :** Focused on wind energy only - Started in 2008; Expense Ratio = 0.69 and average spread = 0.10; Assets under management =$5.03B; 5 years' performance = 22.34% + +I know some would rather choose a single ETF which is composed of more diversified sectors but I really like these two and the companies present in both of them. Also, they both cover North America, Europe and Asia and have been founded more than 10 years ago.I might consider adding PBW even if it is focused on the US and overlaps TAN (\~18%; I wouldn't mind much), if so I would give it a lower %. + +&#x200B; + +\- Future mobility (15%) + +**KARS (KraneShares Electric Vehicles and Future Mobility Index ETF) :** Focused on electric vehicles production and companies contributing to it - Started in 2018; Expense ratio = 0.7 and average spread = 0.4; Assets under management = $170.82M; 3 years' performance = 27.97%. + +KARS tracks index of global stocks that are involved in the production of electric vehicles or other initiatives that may enhance future mobility.Even if lithium batteries are an ecological disaster, electric vehicles are the future and I am convinced the companies will try overcome the problem. I first wanted to invest in DRIV, which is cheaper and has a bigger AUM (=$803.45M), but KARS has been performing slightly better and is better balanced between the US (43% vs 65%), Europe (22% vs 9%) and Asia (34% vs 24%). + +&#x200B; + +\- Innovation (15%) + +**ARKK (ARKK Innovation ETF) :** Focused on innovation in multiple sectors - Started in 2014; Expense ratio = 0.75 and average spread = 0.05; Assets under management = $27.36B; 5 years' performance = 61.89%. + +ARKK is an actively managed fund that targets companies poised to benefit from disruptive innovation in one of three areas: industrial innovation, genomics or Web x.0. + +ARK's ETFs are pretty famous around here and thanks to you I decided to include one in my portfolio. I didn't know which one so I chose the mother of all. + +&#x200B; + +\- Cyber security (7.5%) + +**HACK (ETFMG Prime Cyber Security ETF) :** Started in 2014; Expense ratio = 0.6 and average spread = 0.15; Assets under management = $2.27B; 5 years' performance = 27.55%. + +HACK tracks a tiered, equal-weighted index that targets companies actively involved in providing cybersecurity technology and services. + +Cybersecurity is already the focus of a lot of attention and, with teleworking and society becoming increasingly digital, I think that cybersecurity will become more and more important in the future. I looked for other ETFs in the same field but I didn't find anything as interesting. There is CIBR which has a very similar performance and is slightly less present in Europe and Asia. Both are essentially focused in the US, which seems normal to me + +&#x200B; + +\- Videogames (7.5%) + +**HERO (Global X Video Games & Esports ETF) :** Started in 2019; Expense ratio = 0.5 and average spread = 0.15; Assets under management = $895.34M; 1 years' performance = 109.25%. + +or + +**ESPO (VanEck Vectors Video Gaming and eSports ETF) :** Started in 2018; Expense ratio = 0.55 and average spread = 0.12; Assets under management = $931.6M; 1 years' performance = 96.48%. + +HERO and ESPO track a market-cap-weighted index of global firms involved in video gaming and esports. + +I'm not gonna lie, like many 30 y/o guys I grew up with videogames and I believe these are always going more and more mainstream. I first wanted to invest in HERO because it is performing better and has less exposition (top 10 = 55% vs 63%) but I don't know if you have another opinion ? + +&#x200B; + +\- Asian market (10%) + +**AIA (iShares Asia 50 ETF) :** Started in 2007; Expense ratio = 0.5 and average spread = 0.08; Assets under management = $3.07B; 5 years' performance = 24.10%. + +I was looking to diversify my portfolio a little by investing in Asian markets and I came across this ETF which tracks an index of 50 of the largest companies from Hong Kong, South Korea, Singapore and Taiwan. I find it quite attractive but : it is not composed of any Japanese companies ; the Hong Kong and Taiwan situation with China might worsen.Do you have any other suggestion ? + +&#x200B; + +\- Big Tech companies (20%) + +**IXN (iShares Global Tech ETF)** : Started in 2001; Expense ratio = 0.48 and average spread = 0.08; Assets under management = $5.26B; 5 years' performance = 30.96%%. + +IXN tracks an index of information technology stocks, as classified by GICS, that are contained in the broader S&P Global 1200 Index. **To be honest, my biggest preoccupation is to choose an ETF that balance all of that portfolio in case of major crisis.** Bonds' ETF aren't really interesting these days (or couldn't fine any) so I thought this one could do a good job as it is focused on big tech companies (Apple, Microsoft, NVIDIA, Samsung, Visa, Paypal, ...) that should still be around in the next years.This is why I am thinking of investing around 20% of my portfolio, but if you have a better idea I'm in. + +&#x200B; + +I'm not gonna lie, I allocated the percentages by my appreciation and trying to judge the risks but without having any real financial arguments. I need your help ! +So far I’m down 20% on my portfolio and I’m pretty sad about it. I’m new to investing and know I’m in for the long haul, just hurts to see everything go away so quickly. Any tips for combatting this? I was thinking dumping a couple hundred bucks every paycheck. Any mental tips would be appreciated too. +Hi guys, + +I gave it a little thought and to me logically, obviously, factually etc. the best long term investment (at least 20-30 years) in the world is in water. I might have been slightly inspired by the ending of The Big Short where it's revealed that Michael Burry invests mostly in water - he is also short in TSLA :). I was also inspired by Netflix's Rotten documentary series - the episode Troubled Water. + +Specifically I am talking about investing in companies dealing with the desalination of seawater business. + +Facts supporting my claim/analysis: + +Human population doesn't stop growing and the planet is already overpopulated (around 2-3 billions more than it can normally support). This only means more and more water consumption. Population growth will reduce in 2050 or around that time but my idea is achieving growth until then. + +It's projected that many areas around the world have medium to high water shortage risk around 2040. + +Long term investments like Bitcoin and Gold cannot save you from dehydration if there is no water to buy/drink. If two commodities (not essential to keeping you alive) have trillions of $ of market cap, imagine what market cap could the drinkable water reach if it becomes globally scarce. + +Still most water we use is freshwater found in nature - this water is exponentially decreasing due to the industry demands, the pollution and the increase in population. Global climate change probably helps as well. There are also rains but not all rain water is drinkable. Sometimes they are also acid. + +Literally almost everything costs thousands of liters of water to make but we don't notice it because there is still a lot of free/cheap and easily accessible water for use. A cup of coffee takes 150 liters to produce. A kilogram of meat takes 5000 - 20000 liters. 1 kg of chocolate takes 17 000 liters. Sure not all of that is drinkable water but it's not dirty water as well so water treatment plants will benefit from the need of such water. + +Desalination of seawater is a way to turn most of the planet's water into drinkable water. The freshwater sources took probably thousands of years to form and we almost depleted them mostly in the last two centuries! Many people pointed out it's expensive and not economical but they don't consider the labor value if water becomes several times more expensive. Desalination plants wouldn't change much in price but the underlying product will which could make it an economically efficient investment. + +The desalination business is growing steady and is still very small which looks like a great investment opportunity. Market cap is just $32 billion. The global desalination capacity increased by 65% between 2010 and 2015 without any major global water events. Even in California it's already a perpetual water crisis without an easy solution. With the fast depletion of water everyone around the world will be forced to look for alternatives and they could turn to desalination plants as there are not much alternatives. + +At present there are **35 desalination plants** only in the UAE. They have no other efficient ways to get potable water as there are simply no freshwater sources around. + +How to invest? + +The only almost perfect company I managed to find is CWCO (Consolidated Water). I have stocks in it but I cannot make a very good recommendation as I haven't discovered alternatives and I might be misleading potential investors. I call the company almost perfect because it deals with everything related to the business. But one issue is that currently it heavily relies on tourism due to the location of it's plants. Do you know of other 100% desalination companies? + +Most of the currently available investments in water are overall a joke - water ETFs/indexes contain mostly water supply/utility/sewage companies and/or companies which use a lot of water which is very non optimal if one expects the price of water to increase in time. Think about it. If you know that gold will increase in price would you invest in a company which finds gold or in one which sells shovels for digging of gold (and other minerals)... + +Edit: I've corrected some initial wrong claims for which my apologies. Thanks a lot for the feedback and suggestions! I've added also my second inspiration. +Hi. I'm venezuelan, and, simply put, things are bad here. + +I'm not going to go into details, but I have to work multiple jobs in order to put food on my plate. I want to get into Forex trading and my main question is... Is it a viable option to get out of poverty? + +My vision isn't to have fancy cars, fancy houses and all that. I simply want to become good enough so I won't have to worry about money much until I leave the country. I'm aware of the risks, but before I sink the time into learning all there is to learn about trading I want to know if it's worth it for someone who doesn't really have much of an initial investment, but is willing to put in the time and effort to live at least semi-comfortably. +[Original Post](https://www.reddit.com/r/AusFinance/comments/c34xkq/bankruptcy_does_the_home_need_to_be_sold/) + +We are not bankrupt yet. Last time I posted the ATO had rejected our offer towards paying the tax bill. Well it turns out the bill was a sham anyway thanks to our fraudulent bookkeeper whom I had replaced. I have been working with an accountant to be trained in how to manage bookkeeping software so that I could take over and be competent. + +Piece by piece, the work done by our previous bookkeeper was uncovered to be done completely wrong. Eventually we realised that they had IGNORED over a decade's worth of receipts and had only worked half assedly off of bank statements. + +This set in motion a huge undertaking to completely redo all the taxes from scratch. Hundreds of thousands of dollars worth of deductibles were added as well as contractors. It was really upsetting at some points looking at how fraudulent this bookkeeper was. + +As of a few weeks ago all amendments were submitted. We managed to cut his income tax by 80% on top of over half a mil of added cash receipts and thousands and thousands in contractors. I have done everything I can and it is all in the hands of our lawyer and the ATO now. + +We have started to voluntarily pay a set weekly amount that I totally think is fair. Some amendments have gone through, but Im sure they are picking through the years with the largest changes. We have sent proof of the original returns plus our new workings so they can confirm we have not doubled on anything. I welcome any audit because we did a beautiful job and I have everything required on paper if further investigation is required. + +My hope is that the amendments are completed and a new request for remission of the penalties and interest are granted via the new hardship application that was submitted shortly after the amendments. If that is approved, then the amount we are paying weekly will hopefully be accepted as the final payment plan. This will stop my FIL from having to even get a loan on his home and completely saves them from bankruptcy. Fingers crossed, I will be proud of the job I have done here forever, I am also pretty proficient in taxes now lol. +[https://finance.yahoo.com/news/worst-stocks-are-doing-the-best-morning-brief-110238013.html?.tsrc=fin-notif](https://finance.yahoo.com/news/worst-stocks-are-doing-the-best-morning-brief-110238013.html?.tsrc=fin-notif) + +Any thoughts on this? The article states what I'm feeling for quite a while now. As an example, AstraZeneca published a doubling of their 2020 profit, meanwhile the stock's average declines and it hardly moves on the news, as if real profit doesn't matter any more. (I have no stake in AstraZeneca) +I’ve been steadily building my emergency fund over the last few years. +It’s been tough seeing that money sitting in a savings account, holding off on treating myself and keeping frivolous spending to a minimum. + +However, it’s all worth it now as I just got made redundant from my job. + +Since I’ve only been there 9 months, I get nothing other than my notice period (3 months thankfully) + + +Whilst that’s good, I’ve redone my budget and, taking my emergency fund into account I have 9 months runway of normal expenditure (I.e. without even tightening the belt on normal everyday expenditure) + +That means + +A) I won’t need to dip into any of my longer term investments (unless it takes me 9 months to find a job) + +B) I can take my time finding the right job, instead of just jumping on the first thing. + +C) I get to spend some quality time with my kids and my dad who just got diagnosed with terminal cancer instead of rushing into the job market. +Just a general query as I'm struggling for money. + +We both have a mortgage together, we share a joint bank account for bills and food but have our own separate bank accounts for our own finances. + +I'm a nurse assistant earning £19k a year and my other half is a software engineer earning £35k. + +I am struggling to save money since getting the house and have £500 to my name. We split everything 50:50 when it comes to the house, our bills and holidays. + +My partner on the other hand has £40k in savings and I don't touch his money. What's his is his. + +I've read that because I'm on a low income and have under £16k in savings, I might be eligible for universal credit. However as my partner has £40k in savings, they might refuse my application. Even though I don't have access to this money at all. + +Any advise? +It was very anticlimactic, I got a receipt and then got the app deleted. + +EDIT I paid it off 13 months early + +Then got a $2.31 monthly deduction on my car insurance. + +But reader? It is done and I will never again purchase a car on finance again. + +I have Until the years end to build the rest of my emergency fund for three months and I’m so excited to achieve that goal. + +It’s never too late to begin financial literacy + +I am solo 37f mortgage holder and basically putting back into place good financial habits ahead of …interest rates Armageddon. + +Recently refinanced to a better rate and got cash back. Have checked all my insurances and optimised my super. + +Sorry I have no one to tell +Financial things to iRl + +EDIT I paid it off 13 months Early +Howdy r/personalfinance! My fiancé is 8 weeks pregnant. After quite a lot of talking and hopping back and forth we've decided to continue with the pregnancy and start a family. Off of our income we could raise a child and support ourselves but I absolutely do not want to wreck myself financially or live the rest of our days in poverty. + +Between the two of us we probably pull in 40k a year before taxes. I'm set to begin training for a higher position in the next couple of weeks which should boost our income by another 7-13k in time for the baby. + +She has debt from when she was younger. 600~ credit card debt. 3,500 in car loans. About 700 in hospital bills. + +My total debt is about 1250. Unpaid hospital bill and a debt in collections over a terminated contract with my mobile provider. + +We only pay 150 a month for rent for now. Expected to be 500 in a month or two. + +I personally bring in about 500-600 dollars a week (paid weekly). The baby is expected to be here in October. What can I do with this weekly income to start getting prepared for this baby? + +I'm extremely nervous. This is going to be one of the biggest jumps I'll ever make. I don't have a car. We're living in her parents guest house. I need to get the ball rolling immediately. + +I just don't know where to begin. Please help guide me. I know for a fact that there's a lot of things I should've started doing as of yesterday. I just don't have guidance on the matter. + +Tl;dr - Fiancé is pregnant. 40k a year combined income. I make 500 a week on average alone. Current bills only 150 a month for rent. I don't have a car. What should I start doing immediately. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- 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. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + 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! + +Fatfire goal reached. I am still working but am I pushing my child too hard? + +He is freshmen and currently doing pre-med and his workload is immense. It is only going to get worse from here and in the medical school. + +I have really not told my family clearly about the fatfire status for the very reason of loss in motivation. He is an exceptional child, always scores A but I feel when he has to work hard and do night outs. But I also want him to achieve something and he can clearly complete medical school. + +My total net worth is around 15M and will continue to grow. I also have approx 1M RSUs vesting in next couple of years, so I want to continue work till then and by that time he will get into medical school as well. + +Have you faced this kind of dilemma with kids education being fatfire’d. + +Edit 1: great feedback and responses. Really appreciate it. Couple of items to clarify, he is very motivated and it was his idea to become doctor. As a concerned parent, I was just debating internally and wanted to suggest to take comp sci or eng a relatively easier field. I am paying for his education and everything else. I also agree that it is a long ways, so will continue to monitor and encourage and go with the Flow. Thanks again. +Sorry, guys. Just a rant, so pass over if you're looking for practical stuff. Today I'm not in a practical mood, just a sad one :( Why did humans collectivly decide medicine had to be like this? + +I have an autoimmune disease and asthma. Diagnosed 8 years ago. Scripts been pretty consistent since then. I'm South African, we have this ridiculous thing where the longest script you can get is 6 months, then you have to go back to the doctor. Even on chronic scripts. Heck, even on birth control and mild stuff. It's ridiculous and cripples poor people's access to meds. Now I am a poor person and it's crippling mine and the psychological pressure I'm feeling over the unfairness makes me want to throw a full blown 3 year old's tantrum because having to operate unmedicated, unable to dang well BREATHE because some greedy b\*tard somewhere thought medicine should be for profit is just crushing me. + +During the worst of the COVID lockdowns we had this thing where lower tier scheduled meds on chronic scripts could just be reissued, and it was amazing. But despite no vaccine program rolling, our government's decided to yoink that privilege cos... well, they are idiots. + +I already have to pay R800-1200 for meds a month depending on if my pump runs out that month, as it's 60 day. I lost my full employment to COVID, so work is a bit hit and miss on piecework these days. That's a huge chunk of what I earn. I've already been playing with half doses, not taking, blah blah because...well, because it's often food or meds. You know, exactly the way we're told to take meds, playing with them and skipping doses /s + +Now I have to suck a further R600 to literally have him write a piece of paper. They won't do 'call us and collect the script for a small fee' like many docs will because they're oh-so-special-specialists. Doesn't matter my script hasn't changed for near a decade. They won't do reduced fees. You have to pay the full price and then a script fee or you don't get. Everything is running out in 10 days or less. + +I'm under no delusion the world has ever been fair and I'm being very childish even thinking the loop of 'but it's so unfair' that I'm stuck in...but it is. It's so unfair. I feel near catatonic off meds. Lets not even talk about the asthma. I already can't cope with anything and can only imagine what's going to happen re getting work done and all. I'm so miserable over it all I've been actively looking for mental health help- but the costs on that, even subsidized through charities, are also beyond me, which is a nice ironic twist. It just feels so WRONG that they can do this to us. That only the well-off deserve care and the rich deserve to feel well. + + +The saddest bit, for me, is that juuuuust before my life fell to pieces, I was starting to feel well again, finally, after the long journey of diagnosis and all. But despite knowing what I need (and how it feels to take it) I've had to settle for the half doses and the skipped days for years. And now I get to go back to none. I half wish I'd never been diagnosed and just gone on feeling mysteriously kaka tbh. + +Anyway, that's all. Just a rant. No one much understands or cares in my real world so tossing it out to some internet strangers in the hope I can get it off my chest and focus on the work I have to get done today. Thanks. +During the years of 2004 and 2012 I amassed around £40,000 - £50,000 in debts simply because I never used to pay anything. I'd move into property and then basically become a squatter until things got bad, then move. I used to get phone contracts so I could sell them for immediate cash and not pay it, I would get loans and credit cards and never pay them back. + + +My income was around £13000 a year, minimum wage in hospitality and I could never find a way to earn more. When I did try and pay things, what I earned wasn't enough to pay bills and feed myself so eventually i was homeless in 2012. + + +So, what did I do whilst homeless and in a shelter? I signed up to college as my previous education was Fs in everything for GCSEs. I went to citizens advice, and we got a credit report and contacted every debt with a budgeting form proposing £1 a month. + + +For the next 6 years I went from Level 2 BTEC Music > Level 3 BTEC Games > Bachelors with Hons in Computer Science and walked into a £30,000 a year job with zero experience. Reassessed my own budget and made offers to pay everyone. Over the next 4 years my outgoing payments have been £1000 a month for debts and £800 a month for household expenses including food. + + +I now earn just under £40,000 a year, still paying those debts. Still paying £1000 a month towards them, still paying £800 living expenses. But after those I still have £500 a month to spend for fun. + + +I did consider bankruptcy and stuff, but that meant I wouldnt be able to get a car or anything and I thought it would be better to pay everyone off myself. + + +It didnt happen though, I have zero negative or default accounts on my credit file but my credit is still 200/1000. I have assumed that the closed accounts which were previously open 15 years and only just closed recently, there is about 30 of them are still weighing down on my file. + +