diff --git "a/reddit_finance_43_250k_414.txt" "b/reddit_finance_43_250k_414.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_414.txt" @@ -0,0 +1,10000 @@ +Are you interested in helping out with EconoFact? We are looking for people who can help generate graphs and figures, people who can track our impact in social media, and people who can help edit our memos. You can contact us at contact@econofact.org. + + +Welcome to the open discussion thread. + +This space is reserved for open discussion or questions on research and news on economics. + +Talk about economics among yourselves. + +I'm right on the edge of where you would consider gen z, and I haven't *really* lived through an economic crash. With how hot the real estate market is, how do I best protect myself when things start going sideways? +I'm right on the edge of where you would consider gen z, and I haven't *really* lived through an economic crash. With how hot the real estate market is, how do I best protect myself when things start going sideways? +Hello all, + +I have $100,000 LOC as part of my RBC Homeline of which I plan on using $50,000 for investing. I was thinking of putting it in VDY or similar dividend paying ETF and after a year or two of DRIP, I plan on using the dividends to fund my TFSA. In my TFSA I plan on VEQT or VFV or similar for growth. + +My reasoning is that VDY has not appreciated much over the past years and and should not appreciate much in the future so I can sell it with minimal capital gains to convert to the higher growth VFV or VEQT later on. It is focused on income payout, not gains. + +Questions: + +1. I understand borrowing to invest has ROC implications. If VDY pays .50 per share of ROC, do I pay this back at the end of the year? Ex. I receive total $1000 ROC on my T3, do I pay this amount to my loan to reduce it? +2. Does this strategy make sense? I'm trying to maximise my interest deductibility while minimizing taxes paid on appreciation. Or does it make more sense to just invest directly in growth and pay the gains later on? +3. Any recommendations if my strategy is flawed or different etf selections? + +Appreciate the help! +Hello r/CanadianInvestor! + +What’s the sub’s general sentiment on gold, and more specifically Kirkland Lake? The recent slide in $KL (currently trading under $50 a share and a > 30% fall in 3 months) makes me think the stock is being oversold to invest in growth, tech, etc partially due to the vaccine news. I own about 100 shares of $KL at a $56 average price and I’m fully confident in holding, or perhaps even adding to my position as this is potentially a great buying opportunity. + +Yes, we have a vaccine that is coming and we all hope the world is back to normal sooner rather than later. But the reality is the logistics and distribution will be a nightmare, not just in Canada but especially in the US. You’d be silly not to be exposed to gold in your portfolio right now and here’s a few thoughts as to why. I’d love to hear additional inputs or whether my rational is sound or if you disagree. + +1) Weak USD: https://www.wsj.com/articles/investors-bet-on-more-dollar-weakness-11606386601 + +2) Hedge against inflation. With all the money printing that has already happened earlier this year (23.6% of all USD have been printed in 2020), changes to monetary policy, a massive federal deficit, pent up demand due to quarantine restrictions, inflation should be expected in the short term. https://finance.yahoo.com/news/inflation-way-2021-means-170015175.html + +3) Low/ Negative Real Interest Rates. This will last several years. The price of gold in year-over-year percent change terms tends to inversely correlate strongly with real interest rates, as measured by the 10-year Treasury yield minus the official inflation rate. + +4) Economic Uncertainty. This one is obvious, nobody knows what’s going to happen to the markets in 2021. We’re riding ATH’s and there’s talks of bubbles, crashes, etc. The economic impact of COVID19 will have an impact for a long, long time IMO. + +5) Expected Stimulis. Liberals expected to continue spending in Canada. Diversifying with gold seems like a logical move, especially when you also tie in the expected US stimulus package (whether or not it’s before or after the Dems are in office is TBD) + +I look at Kirkland as a fantastic company. Major gold miner in Canada. National bank recently upgraded $KL to outperform the sector ($72 target price), projected to continue aggressive growth for the next few years, expansion of mines which will become operational in the next few years, pristine balance sheet (sitting on 848M in cash and over 1B in current assets.. over 349M from prior quarter), 276M in free cash flow. With that type of cash, the company can increase their dividend, share buy backs, acquire more mines and expand even further. + +Solid company. I expect gold to trend up for the next few years. What am I missing? +Crypto has literally changed my life for the better. Thank you for letting me be a part of it. + +Rewind a year(ish). I live paycheck to paycheck and have no idea where all my money goes. I have literally $5 in a savings account, and the day before payday my bank account has <$200 in it. I have never had more than $2000 in my bank at any given time. I have tried doing all different kinds of budgeting techniques but I either get bored of it or the math doesn't add up and I still end up broke. + +6 months ago I dive into Cryptocurrency as a hobby, literally just something to do. I start putting more and more money into it. 50 bucks here 50 bucks there. I start to value my crypto more than I value my dollars. I literally pinch pennies to be able to deposit a couple more dollars each day. I start challenging myself, "Hey, if I pack a lunch instead of eating out I can deposit $7 today." Little mind games I played on myself and my portfolio started to grow. + +Three months ago I was able to withdraw about half my portfolio, $5,000, and pay off a 3 year old credit card debt. No way in hell I would have been able to due that with traditional savings or making payments. Today I have $13,000 in my portfolio. I still have less than $200 in my bank account at any given time because all my spare money goes to crypto, but it's better there than in my bank well, because I value it more than I value the money if it were in my bank. I decided to tally up all my deposits I have made in the last 6 months. It came out to be about $4500. Even if my portfolio made 0% or even lost some, I would still have more saved up than I could have possibly done without crypto. + +So, again, thank you to the crypto community, thank you for all of your help, thanks for the shillings (thank you antshares, btc, and nuls), thank you for quite literally changing my life. I don't have to worry about having a random car emergency and not being able to pay it anymore, I don't have to worry about not having groceries. I don't fight with my wife about money anymore. (I firmly believe crypto even saved my marriage.) I was struggling with depression because I wasn't a part of anything, I was going nowhere. Now I have my place. I feel like I am part of an alliance of people who are going to change the world. All because of crypto and the crypto community. + +tl;dr- Investing in Cryptocurrency made me less reckless with money and saved my life. +I have enough AAPL (and a few smaller ones) that I can be selling covered calls. I fear though getting called away, and then paying taxes on my gains. + +There’s tons out there, but plenty of worthless stuff that may be hard to sift through. Are there any good reads on generally how people price their covered calls, manage risk, and prevent getting shares called away? + +I figured I should put my long term holdings to work for a little extra instead of just sitting there. + +Edit: appreciate the help and insights- a bit to think about and analyze. To clarify, I’m not worried in the sense that I shouldn’t bother — but rather the fear comes from my ignorance on this subset of trading. Every bit of investing and trading is terrifying until you learn how it works to safely manage risk, and y’all have been helpful so far in demystifying a bit of it with suggestions on the starting point/foundation to properly build on. Thanks! +That FI number will be hit (which is inevitable) pretty soon... + +I feel the pressure to do something "cool". I feel so few people in history have managed to pull off what people on this sub are doing regularly... almost like I have the responsiblity to do something extraordinary. + +I think I'd get a massive midlife crisis if I found out all I did with this golden opportunity was just not have an alarm clock, play video games and watch netflix... + +So naturally I think go abroad. I'm so so on traveling - I've had awesome trips, I've had trips where i came to the crappy realization I would have just been better off staying home. + +Living abroad is on my bucketlist because I've read it's life changing, but IDK. + +But I'm also the type to over analyze and hesitate. + +Anyone have any insight? I'm thinking of doing a couple vacations to the destination city. +NY Times: https://nyti.ms/2K8Jjxw +Treasury department may skirt legislature and declare investors can apply inflation to cost basis (ex, buy 100k of stock in 1980 and sell for 1M today, original purchase price would get adjusted to 300k, so now you pay capital gains on 700k, not 900k). + +While this would be awesome for people in this sub, Treasury Dept might not have authority to do so, and would probably get rolled back relatively quickly. It might even swing the pendulum to the other side and lead to increased capital gain tax rates. Also, if it is implemented, could lead to a big sell off as investors take advantage of what could easily be a limited time opportunity. + +What do you think? +So 30$ is said to trigger the squeeze... My guess for the point of no return for hedgies is 1k... and we'll reach that before EOW. ;) + +Prediction for next week: + +In general: + +\- Massive Crypto P&D for cash ( ETH/BTC already went up significantly the last days) + +\- broad market bull run to push up collateral + +\- GME Massive P&D to scare the casual FOMO-Buyers away. + +&#x200B; + +GME: + +\- Monday sharp drop until markets are high enough + +\- then GME straight up + +\- small fight at 30$, then run to 35$ -> 40$ + +\- FOMO kicks in an gets internalized + +\- massive crash back to 25$ to trigger stop losses and keep the FOMO crowd away from real MOASS in the next days. + +&#x200B; + +Tuesday: + +\- NFT Marketplace goes live + +\- Huge partnerships announced + +\- massive buy-ins from institutions + +\- up 200% over the day. + +&#x200B; + +Wednesday: + +\- Marge calls + +\- MOASS begins + +\- Markets and Crypto in free fall + +&#x200B; + +&#x200B; + +Maybe just this but stretched over a slightly bigger timeframe (until after mid terms). + +&#x200B; + +If it plays out like this, I'm gonna lick my flux capacitor 741 times. + +&#x200B; + +Edit 1: + +In case this gets some traction: + +Obligatory BUY, HOLD, DRS and comment the SEC rules you lazy fuck. +Yes, I mean you! Just do it! ;) +It's been months. The SEC DTCC etc are all turning a blind eye to this. Working to cover their own asses instead of stopping the literal financial rape of investors. Think about how many investors have been hurt financially because of this just since Jan, let alone the last decade of their fuckery. Even if they do put new rules in place to "prevent future mishaps" like this one, They have done nothing but show us that they don't really care. There will always be more Melvin's and Kenny's out there trying to profit no matter how much they hurt someone else and the simple fact that a few apes can piece everything together in a matter of a couple months when the guys getting paid millions to do the same thing can't in years.... I really don't have faith anymore. It's not like they didn't know. They had to know. they were profiting from this fuckery too. All at the expense of hardworking citizens just trying to make sure they could retire and live comfortably.... but these assholes NEED that 5th house in palm springs, they NEED that 4th Lambo they NEED to continue to fuck over the little guys to make themselves feel powerful and give them a false sense of importance. NO MORE. They have had all the time in the world to rectify this issue and yet still nothing. no real change yet. just proposals and maybes. maybe this will go into effect and maybe we will enforce it. Still proof of artificial price movement dark pool trades etc. More and more coming to light every morning when I open reddit... Truth is they would probably be happy to see this continue forever, I honestly believe they are searching day in and day out for a way out of this that will fuck every last one of us over. I won't let them win though. I will continue to buy and buy and buy gamestop until they all go down though. every last institution involved. Until EVERY DOOR IS CLOSED I will not stop. Cant stop, Won't stop.... You got it. POWER TO THE PRIMATE!!!! (not financial advice) +On 7 December, the Evergrande series rebounded, with EVERGRANDE rising nearly 8% and EVERG VEHICLE and EVERG SERVICES both rising about 2% in the Hong Kong stock market. + + +Yesterday, EVERGRANDE announced that in view of the operational and financial challenges currently faced by the Company, the Board of Directors of the Company resolved to establish **the China Evergrande Group Risk Mitigation Committee**. The members of the Risk Mitigation Committee come from a variety of backgrounds, including the Company's current top executives, executives of certain leading companies and professionals. Among others, **Xu Jiayin is the Chairman of the Risk Mitigation Committee.** + +**Without sufficient funds or decent revenue, How can Evergrande avoid its risks?** +Just wanted to share my experience this week... So after studying for about two months and watching price action on chart i decided to start seriously a demo account to test practically my strategy. Till today it all went good i was profitable for all the week... I started with a 200€ account and grew it into 280€ in about three days. I had a quite good risk and trade management, but today I lost most of the profit in about 10 minutes just because i wanted to increase the lot size, since my strategy was all good. I was used to maximum 0.05 lots when i was sure about what i was doing. I started using 0.1 lots and opened a gold trade. couldnt hold the drawdowns. The red digit on mt with the bigger amount of money than usually drove me crazy. So i closed the trade immediately but after a few second price went where i wanted it to go. That drove me more crazy and started to trying to recover all the losses with quite random trades. So here i am... Started the day with 280 € on balance and closing the week with 207€ (all demo i repeat... On live i would have gone mad). After all that i took about 2 hours off the charts and went out for a walk and thought deeply about what happened. I don't blame anybody, but only myself for my weak mindset... i must improve that, but after all it's all part of the game, i guess. I'm glad i discovered this before going to live. + +PS: please don't roast me, instead, give me useful advices... i'm new in the game, just wanted to share my experience to get a feedback that may help me in my journey +I have been trading for 10 years now, Back when stocks went down. It taught me the value of being disciplined to sell when a trade didn't go my way because it could be years before price came back up. But as I sat back today, watching the madness in Gamestop, watching other garbage companies go ever higher, it got me thinking, is the discipline and risk management that have brought me great success now holding me back? In our current economy is it even possible to have a bear market? With the trillions in stimulus and constant bailouts, will stocks ever truly go down? I don't want to come across as bitter, because 2020 was phenomenal for me. I am just curious if anyone else is questioning the way they operate the risk management of trading at this point? +This market more than ever is irrational. I have been trading since late 1994 and have been thru the dot com crash.. Greenspan's "Irrational Exuberance", 9/11 when the market was shut down for days, 2008 crash and last year's covid.. I swear I have never seen anything even close to this! + +Back in the late 90s and even when the Nasdaq crashed in March of 2000, you would have a handful of stocks down 10-20% in a single day. You may have a handful of stocks with volume over 10 million.. Check the history! Now you have stocks up 200% and down the next day 50% I cant mention the ticker here or I will get banned. But there are many stocks that go down 15-20% on nothing! SLQT went down 50% on a slight miss Thursday! + + +I feel now more than ever there are gamblers everywhere. Everyone piles on on positive or negative news quickly...because of social media.. We know..... + +So my question is, has it changed the way you trade/invest and how? + + +For myself I am quickly adapting........ I am actually trading more momentum stocks than I ever traded before.. Companies with horrible financials... which is hard for me, but we have to adapt or get killed on SLQT?? + +Please share ideas, I am trying to adapt as quickly as possible too! +Feeling frustrated from other personal finance sites. Thankfully I'm stubborn and resourceful so I've started drawing houseplans for people which is very lucrative so freedom is in site. Still frustrated by the oh just get a $40 an hour job with benefits bullshit. What world are these fools living in? +Bitcoin seems to be good to me, it gives me 9% more profit from my sales, but will there be enough volume to put up there? + +And, if I wanted to, how can I pass this value to my customers so that they buy more because of this incentive/cheap rate? + +Edit: Seems like some people are taking 9% incorrectly. It's an increase in **profit**, not save per sale. +Over a sixty year time period, based on the data I have seen, there is a 19% chance of a 75/25 portfolio with a 4% WR dropping below its inflation adjusted starting value, and a 15% chance of it going to zero. At 3.5% that becomes 7% and 2%. Because of this, the general wisdom of avoiding “resetting” your WR makes sense, as you’re massively increasing the risk of that rare adverse SORR. At 3% however, the failure rate is 0% and 0% respectively. With your portfolio based on historical data having never failed to be worth more than when you started, adjusted for inflation, never mind go to zero, with a 3% WR, is it safe to periodically reset? One of Kitces pieces of [work](https://www.kitces.com/blog/the-problem-with-fireing-at-4-and-the-need-for-flexible-spending-rules/) alludes to this strategy, but it doesn’t flesh it out with data, or go into detail. I feel like I could be missing something glaringly obvious here. +My husband and I are in our early 30s and at a crossroads with what to do with our finances. I believe we need to hire a financial advisor and he believes we need to just keep doing what we’re doing (blind saving). We’re in good shape but we agree that we don’t know what we don’t know. + +Below is a general summary of our finances. Does anyone have guidance or tips on how we can better steward our finances to prepare for the future? Or things you’d do (with your current knowledge) if you were in your early 30s with these finances? + +Background: We have stable “essential” jobs (if you will), one child with hope of another, living in California with no intent to move. + +Financial Summary +(average values, rounded for ease of discussion) + +Monthly income: $9,000 + +Monthly expenses: $7,000 ($4000 in mortgage, remaining towards us, 1 child, 1 live-in grandparent) + +Debts: +1) Mortgage with $500,000 remaining. 30y fixed at 3.75%. Paying additional $600 per month (26 years remaining). +2) Car with $5000 remaining. 5y, zero interest. + +Retirement: Maxing out 401K contributions only. + +Savings: $270,000 in a traditional savings earning 1%. + +...That’s it! +Title says it mostly. + +I can’t decide if I should save up to invest in a down payment or just stick to investing in ETFs etc. + +I’m 27 with around 2-3k in savings each month. No debt. I’ve just started building my portfolio in the last couple years. + +Getting the house would mean not investing for a while to save up for the 20%. This makes me nervous because I’ve only ever done typical investing (mainly ETFs with some bonds and other diversification). + +What have other people done? Is it a bad idea to just keep investing as I am then selling a bunch of my holdings and use that as a down payment? + +Not necessarily in a rush to buy a house, but it seems like a good investment from what I’ve read. I understand there are many types of approaches to buying. Happy to discuss those various avenues as well, but my focus is on how to best approach saving for a down payment if I decide to buy. + +Thanks for any advice in advance. +I have a private investment account and just opened a Roth IRA recently (I'm 21 by the way). How can I best invest using my Roth? Are REITs or ETFs best? What do those with more knowledge and experience think? Thank you +I recently came into a random chunk of expendable income that I didn't want to just mindlessly spend on eating fancy meals or buying games/gaming systems. One service that jumped out was Fundrise, a long term investment system for real estate. Does anyone have experience or thoughts on it? Not trying to waste money or be dumb. All responses welcome! +So all of my student loans are in a national emergency forbearance, so I don’t technically need to pay them right now. Fortunately I have some job security, so this is proving to be a good time for me to get ahead (or catch up to where I should be) financially. I’d like to hear your advice on what I should be doing with the $775/month that usually goes toward student loans. + +Do I: +1) continue to pay them as usual since it’ll put me ahead as all payments would go to the principal +2) Pay extra on them to put me ahead even further & I’m spending less money while being stuck at home +3) Pay nothing on them while we’re in this uncertain time, stock pile the money in savings, and if I’m still financially stable at the end of all this make a giant lump payment to compensate for the ones I missed +4) make my student loan payment toward my car instead so I can pay that off in 4/5 months or so ($2.6k left on that). +5) Accept that I’ll be paying student loans for a couple extra months ultimately, use this as a chance to build savings, and make no student loan payments. (Note: I only have about $1.5k savings right now) + +🤔🤔 I’m very conflicted! +I'm looking for advice on order of investing for my wife and I who gross $245k/year. Our current contributions are: + +* Each 10% into our 403b. We are doing half Traditional and half Roth and getting a 5% match. Neither of these get to the Max of $20.5k/year. +* For HSA we are maxing out with employer contributing $1k/year. We are paying healthcare out of pocket, saving receipts, and investing in our HSA +* We are pre-saving to max out Backdoor Roth IRA each year. We've done $6k total this year and plan to start doing the full $12k in January 2023. +* We are contributing $500 mo to an after tax brokerage account. +* We have a $20k in an emergency fund and spend well below our income. Our retirement contribution rate (403b, HSA, Roth IRA, and Brokerage account) is 20.5%. +* Combined balances are roughly $285k in 403b, $13k in Roth IRA, $4,500 in HSA, and $5k in our Brokerage. We are about at a 70% domestic, 28% foreign, 2% bond allocation, all in low cost index. + +&#x200B; + +My questions are + +1. Should we prioritize maxing out our 403b ($41k/year combined) before contributing to Backdoor Roth IRA? If we were to do so, $41k plus $7,300 from HSA puts us right at 20% totally contribution rate of our gross income. +2. I understand the general order of investing is workplace up to the match, HSA if you have it, Roth IRA, then back to workplace up to your desired retirement contribution percentage savings rate, but if you are above the income for tax deduction, does that logic still apply? +3. Any other gaps, missing parts, or advice you have? +Every ape needs to carefully read this. + +They released the 249M float value on yahoo before the weekend, then made the mistake to give apes enough time to think about it and figure out it's just lowball anchoring. (FUD attempt failed) + +They realised they fucked up and decided to change their strategy, "correcting" the float value to 61M in order to make apes believe that the previous 249M was real and only accidentally was leaked. + +DO NOT FALL FOR THIS. They are fucking stupid but they're not this stupid. They release information carefully and selectively. + +IT IS STILL ANCHORING. 249M IS FUD. + +I bet both my testicles they will let it run up over a few days and the added volume will be around 250M. Then a sharp drop, to make it seem like those were all naked shorts they had. + +Mark my words. +This story is developing fast and a rollercoaster is coming. + +“The White House also provided a brief update on Trump's treatment Friday. Dr. Sean Conley, the president's physician, says that President Trump received an experimental drug made by Regeneron, which contains two antibodies against the coronavirus. +The medicine is currently in clinical trials and isn't approved by the Food and Drug and Administration. How the president's medical team got the medicine wasn't disclosed in the statement. +In response to NPR's query, Regeneron declined to comment specifically, citing patient confidentiality. But Regeneron said it can make the drug available outside a clinical trial through a "compassionate use program," subject to the OK of a review committee. +The drug, called REGN-COV2, is given as a single dose by injection (an infusion). The president received the high dose being tested by the company – 8 grams.” +Ok so before you downvote let me explain... + +I've been part of both communities for years, I'm seeing the transformation in both and it worries me. + +WSB is fighting hedge funds that are short selling a GME at 120% basically pinning them down and making them go bankrupt by driving the share price up. Kind of a catch22 since shorts don't expire and they have to pay interest on them or buy share to close their positions given that the share price remains high. But investing at this point is activisim or greed depending on your intention, most of the money has already been made. + +This story got international attention and I see people got jealous trying to do a pump and dump with DOGE and MOON not understanding that doing so will screw the PEOPLE not the hedge funds! + +Our cause is greater, BTC was created as a response to the 2008 crisis denouncing FIAT and the manipulation of currencies through debt, bonds, money printing etc...We have the opportunity to give back the financial freedom that banks took from us, bank the un banked, make transaction cheaper and much more.The difference with most crypto is that they have opportunity to change the world, but we can't be taken seriously when people try to reproduce pump and dumps and then cash out in FIAT not caring who they leave holding the bag. ( spoiler alert it won't be Melvin capital) + +It's our responsibility as a community and movement to avoid the mistake that we made in 2017.Invest in projects you believe will work and have value, don't invest out of greed, ask yourself who is this benefiting and does it truly help the world. + +Cryptos will go up in FIAT value but I believe they will be actually mainstream currency and will make the world a better place. Patience is key, good luck all! +I want to have a nice car. I really do. But I just can’t justify it because it’s a depreciating asset. Right now I have a 2013 Nissan Almera which has proven itself to be reliable even though it feels like it’s made out of plastic. The most I would spend on a car would be 20k , the one I have now cost 6.5k. +Slightest sign of demand cooling? Let's see what we can do to drive it right back up. + +[https://www.smh.com.au/politics/nsw/new-hope-for-first-home-buyers-in-return-for-giving-state-some-equity-20220211-p59vso.html](https://www.smh.com.au/politics/nsw/new-hope-for-first-home-buyers-in-return-for-giving-state-some-equity-20220211-p59vso.html) + + +> First-home buyers will be able to use a contribution from the state government for their house deposit in return for handing over some equity in the property, in a novel strategy being devised to address Sydney’s affordability crisis. +> +> The final details of the policy are still being worked through, including whether there would be a cap on the amount the government would contribute, or the price of the property or land. +Hey friends, + +Not sure if this belongs here but I'll give it a try. + +Living in France, my French business monthly revenue is around 20k. However, if I want to increase my personal salary, the institution called URSSAF will take lots of contributions off my salary ("cotisations sociales" etc...) + +Hence why I'm looking for another European country where I could move to and install my company and actually have the ability to increase my net salary without getting pumped too much by contributions. + +Any ideas? Thanks a lot! +Thanks to my family preferring to rent the house we (they now, as I moved out recently) live in instead of paying for repairs in the future and having an absolutely wonderful, loving grandmother, I unexpectedly ended up receiving a part of the money she got from selling the house as "inheritance" from her. Since having the money on my own bank account would destroy my chances of getting a single euro in student support in Germany, my mother has the money right now. + +I told her to invest it into something low risk already, but I fear she will not do anything with the money unless I tell her exactly what to do and drag her to the bank with me. + +Being a typical 20 year old, though, I have absolutely no idea how to handle owning this much money, other than not spending it on any depreciating assets of course. + +As barely anyone gets to have such a fantastic opportunity this early in life, I would like to make the most (profit) of it. Any advice? + +As far as my current situation is concerned, I moved out from home a month ago to study at university in another city, where I am living on my own now. These costs will/are being covered by a combination of student support, my supportive mother and working when I have the time, so I will not need any of the money for the next 5 years at least, assuming I pull through with getting a masters right after my bachelors. +I am currently 22 and saved €16k, I expect to have around €40k saved by the end of this year as I currently earn around €2100 a month. I plan to buy a house (not rent). Now I'm wondering about my options, is this enough to buy a house or do I need to save more for a start? Ideally I'd be able to stay even when I get a family at one point, I'd like to add that I have the potential to earn more once I start looking around for a job closer to home, think of between €4 to 6k a month. Most prices I've seen are between €250-300k +I'm studying at a UNI in Germany while also working. + +I make around 700 euros per month and I'm able to save almost half of my salary, I was wondering if it would be wise to invest like 50 Euros per month in an ETF. + +I have some money already saved, I'm just asking if it's worth the hassle to invest only a small amount in an ETF, or maybe somewhere else. +Straightforward question : I am a Boglehead, I have read many articles on what's is a good portfolio but I'd like to know the method around it so I can twist a little the numbers. + +Should I follow the total market cap ? If I do, is it still : + +- 78% World (mid-big cap) +- 11% World (small cap) +- 10% Emerging market (mid-big cap) +- 1% Emerging market (small cap) + +I know I am questioning myself over details, but it's all I am left out with 🙂 +I am currently on a recruitment process with a tech company in Stockholm. The position is as an Associate Project Manager, and they are looking for someone entry level. I just finished my master's from an european university, and I have a couple of internships in business development in 3rd countries (not my home country, not my current country) totaling to one and half a year. Previously I have been on an interview with a European company (although not in Sweden) and I blew it off at the salary discussion because I am blind about the salary situation in the country. Can anyone suggest me around how much the salary starts for such position and my qualification? It is not IT/engineering position, mostly a project management position. +Hi everyone, + +I am new to investments, recently I've opened DEGIRO account. I will have every month between 400€ - 600€ monthly. I decided to go with only accumulative ETF. I plan to invest in the long term for sure. I would like to have your opinion on my approach, and your opinion on how I can improve my setup with Bonds, for example: + +iShares Core MSCI Emerging Markets IMI UCITS ETF - 10% + +iShares Core MSCI World UCITS - 70% + +Vanguard S&P 500 UCITS ETF - 20% +Hello everyone, + +I’m legally resident and working in Germany as a nonEU citizen. + +I’m thinking to open an account in another EU country where banks are safe and providing good quality of service and accept nonEU citizens residing and working legally in Germany as customers. But I don’t know about much about banks in other EU countries because of language barrier. + +I’m only looking for a way to keep my money safe in a current account (in a bank with good credit ratings in a financially stable country in EU) and use it hassle free. (For example buy things with visa/Mastercard debit, do groceries, transfer money to loved ones with SEPA or SWIFT, receive salary, use it for online shopping with Apple Pay, withdraw cash or deposit cash, use internet banking or mobile banking.) + +I’m not interested in investments, credits, credit cards, loans, interest based saving account, trading, crypto currency. I just want my money to be safeguarded in a financially solid institution with easy access to my money and I’m open to the idea of paying a fee for this service. I would appreciate easy foreign currency transactions because sometimes I need to buy keep or sell other currencies as I frequent travel. + +I will appreciate any advice but please don’t recommend banks in Germany, neobanks or fintechs. I’m looking for bricks and mortar EU banks. Thanks. +Hello I am 29 years old. I have a good job in Europe, I made over 3.5K net a month, expenses are high since I got heritage a couple of years ago and lot to maintain but I recently sold few things for over 70K. I am living abroad and don't want to buy property here but thinking on buying something back home(south of Spain) I have over 100 000 euro in cash approx and like 30K in stocks, mainly dividend stocks. I am concerned to put everything into stocks, I have about 10K in crypto also. I would like to go back home within5 years bad salaries back home are a joke so I would like to have a very good financial situation before then, what are your thoughts?? +I'm looking for suggestions for an EU Govt bonds ETF. + +I found this one [iShares Core € Govt Bond UCITS](https://www.ishares.com/uk/individual/en/products/251740/ishares-euro-government-bond-ucits-etf) but firstly it's Distributing, I'd prefer Accumulating and secondly I don't like the spread into some countries. + +Any suggestions or perhaps the one I found would be the best overall option? +Hi, I live and study in Luxembourg and I get +-5000E each semester as a loan from the state. +3 years after finishing studies i need to start paying it, but in rates. +0,2% interest, if the world goes to shit and interest will rise, the interest is capped at 2%. + +So since I get the money for a long time, with nearly no interest, I thought about putting it into a world ETF, to gain some interest and to pay back the 30k and keep what ever i made on top. + +What are your thoughts? +Hello! + +I recently decided I wanted to start investing. I'm from Slovenia and my currency is EU. I made an account at Interactive Brokers and I want to invest in the Vanguard FTSE All-World UCITS accumulating ETF. I got pretty confused when searching for the ETF - I'm not sure which ETF is the most appropriate for me. Are the differences only in the currency? Aside from reading a book by Mario Nzualo, I know nothing about how it works and I'm finding it very overwhelming... + +These are the options that I've found: + +**VWCE** VANG FTSE AW USDA + +**VWRP** VANG FTSE AW USDA + +**VWRA** VANG FTSE AW USDA + +Can anyone advise me on how to pick the correct fund? +Hi! + +I've been following a few TAA asset allocation strategies but since I'm from Europe, I have to resort to UCITS funds. + +The problem is that I've noticed that a lot of UCITS funds do not follow A)their US equivelent counterpart B)suck at following the underlying index alltogether. + +For example VUSA (Ucits fund) vs SPY - there's quite a cap in different timeframes when you compare the two allthough they ought to be following the same index (sometimes they diverge, sometimes converge). + +[https://imgur.com/a/2cobV56](https://imgur.com/a/2cobV56) + +Or IBTM (UCITS FUND) which is suppouse to follow ICE US Treasury 7-10 Year index , but as you can see by shifting through different timeframes that there's times when the tracking error is huge. + +[https://imgur.com/a/Kdtao3T](https://imgur.com/a/Kdtao3T) + +**So my question is, is there some structural reason why this is happening or am I missing something else? It's hard to invest in these funds when they don't act as they underlying index...** +Hello all, + +I am doing some paper exercises on bonds- really new on bonds. I have found for example the following: NL0000102234 - [NEDER4%15JAN37 % 161.88 (euronext.com)](https://live.euronext.com/en/product/bonds/NL0000102234-XAMS/market-information) . Could someone explain how much do I gain/lose by buying this bond at the current market price and how do you calculate this. I have also read sth about dirty/clean prices. What is this and how do you use this info for your investment? +Portuguese here, 30yo, tired of low returns of funds portuguese banks offer (around 0.5% annual). + +Basically gotten nothing out of these from the last 10 years... + +&#x200B; + +Now starting to put all my savings money into P2P platforms (twino, mintos), and some stocks ETFs with Degiro. + +I want to be more on the conservative side, but still have around 5%\~10% invested in crazy things like crypto-currencies. + +At the moment I'm having trouble finding the ETFs that are good bets for the next 10y+. + +I truly believe asian market is a safe bet (china, koreas and japan), so I'd like to have at least one ETF targeting that market. + +&#x200B; + +Current portfolio: + +\- 50% ETFs + +\- iShares EuroStoxx 50 UCITS ETF (Dist) ISINIE0008471009 + +\- ? + +\- 40% P2P investing + +\- 10% crypto or other very high risk stuff + +&#x200B; + +(Still sorting out the exact percentages) + +&#x200B; + +Anyone have some tips for me? +Hi, + +I am trying to get loans from banks in Germany. Mostly in the lieu of 5000-10000. + +I am a non-german, on blue card -- and I am trying to find a loan tenure within blue card expiry. But it has been very difficult. + +Some things: + +1) Yes, I know getting a loan in Germany is looked down upon. But I need the money currently. I am also looking at closing the loans early in few months. + +2)Do you recommend any bank or provider? I used check24 for this - got rejected 3 times by various banks + +3)I shifted my bank account from a traditional brink-mortar bank to a reputed online bank. But it has been only 3 months, does that make any difference while applying for loans? For eg- Do banks prefer a longer transaction history? Will it a problem in future? I would like to go for house loan in 5-8 yrs maybe., + +4) I think my schufa is clean. But I have never looked at it. I did however opened a few trading account in last few months -- does that matter? + +5) I am single and thus have no other applicant while applying for a loan. I guess banks are hesitant because of that? + +Question - I guess what I am asking - + +* How do I get (small or large) free use loans in germany? +* What are things I should look or prepare for in case I want to take a loan in the furture? How to be future ready - Like get salary in some tradition bank so it helps with credit history? +* Maybe being single sucks - cant frigging even get a loan. +* How do I get a frigging free use loan? 5-10-15k for 24 months duration/tenture? + +Sorry for rant. Some help/pointer would be good. +Hi, +I am an Indian living in Germany. I recently graduated with Masters in Germany. I found a new job :). +I would like to set up a sparplan to periodically (monthly) invest money into Index ETFs. +As I am just starting, I wanted to set up a simple three fund portfolio that looks as follows: + +* COMSTAGE MSCI WORLD TRN UCITS ETF - 40% +* COMSTAGE DAX TR UCITS ETF - 40% +* db x-trackers II IBOXX SOVEREIGNS EUROZONE 3-5 UCITS ETF - 20% + +I choose DAX over STOXX 600 because : 1. DAX has low TER and 2. Historically, both have the same returns. +As, I earn more money I was planning to diversify by adding money into emerging markets, large-values, small-value and REITs. +I am planning to stay in Germany at-least for the next five years. After that, I do not know whether I will move back to India or stay back here in Germany. What do you guys think of my portfolio? Any suggestions/ideas would also be greatly helpful. + +Now, to evaluate whether my portfolio is a good strategy, I read through the other posts in this group. After going through, I have few questions. + +* I read in one of the posts that : + +> If you buy euro bonds right now you won't be making more than 1.5% annually if you invest for the long run any even less for short-term investments. (Even if the bonds you are buying have nominal rates of 5% or more). So personally I definitely won't be buying bonds as long as rates are this low - I will consider them again if rates go up again. + +Does this mean, for the time being, my portfolio should not have any bond allocation at all (20%)? Should it be completely in stocks? I read in one of William J. Bernstein's book that, the stock allocation in your portfolio should never be more than 80%. + +* I thought when you buy a capitalizing/accumulating ETF, you are taxed only at the time of selling (for the realized captial gain). But here in some posts, I saw that you are taxed every year for the rise in stock value even if it is an accumulating ETF. Is this true? + +Thanks for reading through. I would appreciate any replies :) . + +In times of crisis I started question my portfolio choices. Right now i have: + +1. LYXOR UCITS ETF MSCI WORLD 34,09% + +2. LYXOR ETF NASDAQ-100 25,94% + +3. iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF DE 20,98% + +4. ESPA STOCK BIOTEC (A) 18,99% + + +I'm planning on spreading 700€ monthly on these. Government Bonds about 25-30% and the rest 70-75%. + +Now my question: Is the biotec one too high risk? Since I got it last year it nearly lost 50%. Also i'm not sure about the NASDAQ. It just seems too similar to the MSCI WORLD. Should i just ditch the NASDAQ and invest that monthly money into MSCI? + +I'm saving for retirement but also possibly a house in the not so distant future . +Index MUTUAL (!!) funds are so popular in the U.S., however, they are not really available in the EU (except a very few countries maybe). + +Even in those countries, if you want to go with Vanguard, for instance, only investors with 500k (as far as I know) can invest in such funds. + +Therefore, for the rest of us, index ETFs remain the way to go. + +Does anyone know why is that? Are there some index MUTUAL funds that are widely available to Europeans? + +Main reason I would prefer those is because you can automate them, while that function is not possible at most EU brokers (except the like of Trading 212 which I prefer to avoid). +I've been thinking about stocks vs real estate again today, and I realized that real estate provides a simple return, i.e., non-compounding, whereas stocks have the power of compound interest, as you can easily re-invest dividends into the same asset. + +The numbers that I keep reading are about 10% ROI for real-estate, and 7% ROI for the stock market per year, accounting for recessions. So we can do a napkin calculation to figure out the break even point after which the compounding takes over, despite stocks having lower annual return: [Wolfram Alpha](https://www.wolframalpha.com/input/?i=solve+0.1*x%2B1+%3D+%281%2B0.07%29%5Ex+for+x) and realize that that point is just shy of 11 years. I think that's pretty cool. + +Here is my question: Does that mean that real-estate is the better short term investment, assuming you have the money for a down payment? +Hi. I am an EU citizen based in the UK working as a software developer for a British company. After having lived in the UK for 6 years I've been considering moving to Spain, mainly because of the weather, but also because it would be much easier for my relatives to come and visit me sometimes. And just because I want to live in a Spanish-speaking environment to improve my Spanish. I was hoping that my money would potentially go further in Spain, but now having read the tax law (if I understand it correctly) it seems that I will be loosing a lot of hundreds of pounds, and it has ruined my dreams 🙈 + +My current annual salary is £42,500 + I do a bit of overtime. Every month I earn about £3600. I then get about £1000 deducted from my salary (Income tax (\~520), National Insurance (\~340), Pension (£125.67)), so in the end my \~£3600 becomes \~£2600. + +Now if I move to Spain and stay there for more than 183 days, from what I've read, it seems like I would have to become self-employed (autónomo), I would have to pay 37% income tax which already knocks my £3600 down to £2268 🤯. Then, as I understand, I would have to pay for the social security. I still don't quite get how it works but I saw numbers around £250 paid monthly, which would then bring £2268 further down to £2018. And ,apart from that, I would also have to pay another £100 or so monthly to an accountant as I would have to start sorting the tax myself. + +I am really shocked by this number, I couldn't have imagined that going to Spain would mean sacrificing almost 25% of my salary (effectively undoing the last 2 salary raises which I was so happy to get). Am I getting something wrong or would it really cost me that much to move to Spain? Does anybody have any experience of relocating to Spain and working remotely for a foreign company? + +Apparently I would also no longer be able to work in the UK for longer than 30 days in a year, if I get it right, which is sad, as I have a house here in the UK and my mom lives here, so I thought I could sometimes/regularly come back to the UK if I want/need, and just work from home as usual. + +Thank you very much for any answers/suggestions :) +I've been thinking about stocks vs real estate again today, and I realized that real estate provides a simple return, i.e., non-compounding, whereas stocks have the power of compound interest, as you can easily re-invest dividends into the same asset. + +The numbers that I keep reading are about 10% ROI for real-estate, and 7% ROI for the stock market per year, accounting for recessions. So we can do a napkin calculation to figure out the break even point after which the compounding takes over, despite stocks having lower annual return: [Wolfram Alpha](https://www.wolframalpha.com/input/?i=solve+0.1*x%2B1+%3D+%281%2B0.07%29%5Ex+for+x) and realize that that point is just shy of 11 years. I think that's pretty cool. + +Here is my question: Does that mean that real-estate is the better short term investment, assuming you have the money for a down payment? +So here's my short story- graduated about 4 weeks ago with a degree in Mathematics. This past week, I started my job at JP Morgan as an investment analyst. I live in Columbus, Ohio - where the cost of living is more than acceptable. I make $55,000/year, have no dependents, no health issues, and lead a very modest lifestyle. + +I was planning on getting into real estate. Saving every year to eventually have enough for a down payment on either a duplex or triplex, which I would buy and rent out. I would continue this pattern, and use part of my salary and ALL of the leftover money from the investment property to invest in other properties. I'm hoping this will snowball, and thus lead me to financial independence. + +What are your guys' thoughts? I am very disciplined, and let's assume that I will stay single (at least, unmarried) for a few more years to come. +Hello there. I'm 19 years old highschool dropout without real talent, passion or god knows whatever motivates people eh? Working in McDonalds. I spend about 65% of my income to pay rent(that covers all extra costs - electricity, gas, warm water). I have no scheduled payments and im slowly studying via free courses to get GED. I considered moving but getting a new job seems to be a little bit hard in my position. Also,I live very close to my workplace so I guess thats extra saved money cuz i dont have to pay for transport? I have no close relatives that can help me with anything (my parents died, siblings dont care) I'm making this thread so i can ask you for some advices on how can i improve, perhaps save or earn extra money. Is my current plan on getting GED good? Or should I be doing weekend school? +(It will cut my income a lot, weekends are paid extra) +I dont spend a lot of money but it's hard to save for anything. + +I already don't buy anything expensive, I cook by myself, I excersise in public (GYM parks, jogging), I don't smoke or drink (ywah my life is boring loll) + +@Edit +I expected to get 1, 2 answers at most. Thanks for all comments. I'm still reading through them but I can already see some amazing advices. + +@Edit2 +First conclusions? Get. That. GED. Thank You, I'll keep it in mind and work harder towards it. + +@Edit3 Trades, IT, Side-jobs (I actually never thought about it but I know some old ladies from neighbourhood that really hate walking their dogs, cha-ching?!) As i mentioned below, I'll definitely give IT a go once my GED is there. I'm also hoping i get promo at McDon's :D + +@Edit4 +THIS REALLY BLEW UP WOW, thanks Reddit! Sooo much to read and I love it. + +@Edit5 + +The amount of advices and support here is overwhelming. Thank you all. I'm sorry i cannot respond to every single one but I promise I read as much as possible. You're all really amazing and there are so many awesome things i just learned by reading this thread it's mind blowing. I'll hopefully post update on my situation in some time if anyone is interested. +A lot of people also reached out to me in private messages, offering mental support as well some other advices. This is also the first time i recieved Reddit Silver - thank you! :) + +If anyone is struggling to manage their situation my personal advice would be as #1 priority to cut all unnecessary expenses. If you can save on something, then do it. If you can buy cheaper food (not worse, just cheaper) do it. Also, nowadays there are a lot loyalty programs. If there is this one place where you like to buy a lot, check if they have any Android or IOS apps where you can get discounts. Same goes for internet shopping - always search for cheapest stuff. Consider buying used things (Does not always apply for electronics, be careful with that). Cooking is great because you can control your diet and avoid getting some extra pounds ;) And just like momma said, wear warm clothes when it's cold. Taking days off because your nose is running down like Niagara Falls is never great option. Always keep some money in case of emergency. (You can never know when your Boss is going to have a bad day, untill you learn it first hand) +Good luck to everyone and be safe! +Hi dividend fellows (new here, don't be to hard on me), + +I will be investing around 10k to dividend stock during the end of the year. I have another portfolio for acc stocks, and one for funds. I will use dividends from div portfolio to invest to these two other portfolios in monthly basis (Thus, I want stocks with monthly or at least quarterly divs, for investing to funds I have no fees). And I am planning to increase div portfolio to 20k during next spring. + +My goal is to get very high dividend yield with investment spread to different areas. And as FYI for the suggestions, I am not able to buy US dividend ETFs cos of EU regulations in my home country. Only stocks are okay. + +I was initially thinking to spread my starting portfolio to these companies 2k each: + +*stock (divs) = reason why interested* + +**HRZN** (9%) = because it invest to startups, so inherently different to REITs etc. + +**TRSWF** (5,29%) = renewables with dividends, take my monies + +(is CWEN (4,21 %) better than TRSWF?) + +**ARR** (12,31%) = mREIT, adding some typical mREIT with high yield, price is also low after covid19, but the trust seems to be still breathing. Any comments about their future? + +**T** (7,58%) = Aristocrat with some stability + +**MAIN** (8,24%) = Capital trust, and also very long track record. + +This portfolio would have avg dividend of 8.484 %. + +I could also add 1-3 more by reducing the amount I invest to one stock, but I pay around 10 dollars for fees when I buy, so don't wan't my fees go over 1%. + +Any suggestions for better picks or comments about companies welcome. Or if you would add something else, it would be welcome also. + +I am also interested in Gladstones: LAND, GOOD, GAIN, GLAD. Any comments about them? :) + +Thanks a lot for help! +Just wondering why you are choosing to do dividend investing and not indexing. Indexing seems to be a lot more popular with investors, at least currently. +Hi everyone, +I was curious what do you do once you reach FDIC insurance limit (which is normally $250,000) on your brokerage account value? +Do you continue to pump in more money in the account or do you open another account (same brokerage or another)? +If opening another account in the same brokerage does that account comes with its own FDIC insurance limit or it's one insurance limit per account holder per brokerage? +Looking forward for others' experience in this matter. +Thanks +Obviously hype has died down quite a bit. And understandably there was more activity when prices were surging to upwards of $400 a share, but we also had multiple threads being created surpassing 100k comments every few hours and this happened for multiple days. Most of the posts here seem to have much less interaction than I’m used to seeing, just lower overall comment counts and a strange sort of sentiment shift I’m feeling. It’s eerie. Maybe I’m the only one feeling this or noticing this. Considering just staying away for a few days to see if I’ve lost all my money or got a whole bunch of new money. +Obligatory 55 shares @ 315. +There has been, and still is, a lot of discussion about when the MOASS will start (or if it already started). Apes who remember the January sneeze probably recognize the nature of this runup, with the difference that in January there was much more volume and liquidity. And trading halts, both up and down. + +By DRS'ing so many shares, we have dried up the stonk. Shares are getting harder to borrow (which can be seen in the rising borrow rates), so it is harder for hedge funds to short it and counter buying pressure. Because that is just what this is: buying pressure. Shorts are not closing yet. This buying pressure has always been there — it was even mentioned in the SEC report about GameStop: shorts never closed, it was mostly buying pressure taking the GameStop stonk to all time highs. + +So, if buying pressure was always there, what is different this time? As mentioned, there is not much stonk left to short. They always countered buying pressure by shorting and redirecting your trades through dark pools. The redirecting still happens, but the shorting is a drop in the bucket these days. And there is almost no selling pressure. + +What happens next? As the stonk rises, more and more people are FOMO'ing in and the buying pressure increases. Unless and until hedge funds are closing their short positions, either voluntarily (if they are smart) or because they are margin called, the stonk will keep rising. + +So is this MOASS? Although technically I think we started MOASS by/since DRS'ing our first share, since ten days ago they are not able to counter the buying pressure anymore with shorting. As buying pressure increases and available shares to borrow decrease, the runup will get more violent. + +In the meantime, keep buying, DRS'ing, holding and shopping at GameStop. Be kind to other apes and enjoy the green. As soon as shorts start closing, we will see trading halts and new all time highs. Don't sell until you can dial the stock price and someone answers your call. Tell them hi from Superstonk. And do some good with your wealth. +Hello, looking for any thoughts/past experiences with they two above concrete leveling options. I would like to know your project used on, cost and if it is still working (life expectancy). We have a driveway and patio that have sunk. Thanks in advance. +Have a lot of renovations to do on a two family house to make it last another 20-30 years. Windows and siding all are rotting away. Got a few quotes and they are much higher than I thought they would be. + +Do we see prices going down in the next two years? I think they will only get worse but am looking for opinions. In Florida. Replacing with hardie board and mandatory hurricane impact windows (24 of them). +Hey guys , first post ever here! Wanted to say ive learned so much from reading posts everyday. + +I've started to venture into real estate the past two years and I currently have 3x units, one being a duplex and another STR.I've found a deal to buy 4 duplexes all beside each other for a total cost of $1.1M. + +We reached out to the seller for a potential seller financing offer and he came back with these terms + +1.1M Purchase +20% Down +30 Year +9.5% Interest +5 Year balloon payment. + +Obviously I know this is terrible terms and would never. Im thinking more on the lines of this + +1.1M +20% down +30 Year fixed +5% Interest no ballon payment. + +The 4 properties total rent is currently at $1150 per Unit x8. So $9200 revenue per month and It would cashflow around $2,900 per month.The thought of the balloon payment scares me a bit because if this market tanks and Im unable to refinance within the 5 years I would be screwed. Is this even worth the risk? Even with my terms. Am i thinking about this wrong? + +Side note: I would be approved for a conventional loan from any bank for this but obviously they want 25% down and more like 7.5 interest for the loan. My DTI ratio covers the $6,200 payment. Any suggestions or anyone with experience with balloon payments would be great! Thanks again. + +Edit: let me reiterate I CAN get a conventional loan at around 7.5% at 25% down. So obviously if the terms are worse than a bank I would not entertain it. I’ve been more deals with very reasonable seller financing offers rather than a 9.5% interest. Just wanted to see what you guys would counter with ! Thanks +So basically I’m about to get my first rental property (I own my house in cash, I should officially have the equity in hand sometime in February, and I have 10-15 properties that I think all look good, so I’m sure I will find something). + + + +But I found a property manager that seems fairly good— $250 flat for finding a tenant, 10% of gross for management, $25 for all eviction paperwork. + + +Is this standard or good? Should I look for a better rate? +I was just pondering this while on break. + +When choosing a home to "flip", what are your criteria? Wouldn't it make the most sense to buy a home that was simply not taken care of properly? Such as, a newer home built within the last 20 years that has no structural issues? + +Won't it make the most sense to purchase a run-down ***looking*** house? Slap on a tin roof, new siding, re-gravel the driveway, add some railroad ties for retaining gravel and appearance, re-paint the interior, new flooring, pressure wash any areas needing it, etc? Then just... Mark it up? + +Do you look for homes without structural damage and then just pretty them up? Maybe do some updating: Add a fancy "smart thermostat", add some dimmer switches... You know, just stuff that appeals to potential buyers? + +What's your game? +I wanted to see what landlords on this sub think about raising single family home rents in smaller increments every year or couple of years on long term tenants. I’m worried that if I don’t raise it periodically, then I could have a long term tenant that pays the same rent for a decade or more when the market would have appreciated much more. +My business is moving and has our current building on the market. We've got an offer, but the buyer wants us to provide financing. I'm not opposed to this, but I don't have a lot of real estate experience. I'm wondering how a deal like this is usually structured and what is typical for an interest rate, required down payment, and term? Are there any red flags I should be watching for? +I am in a very fortunate position and want to take advantage of the real estate market and take a HELOC loan on my increased equity. + +My HELOC would be for $250K which is enough for a down payment as well as refurbish a home to flip and make money on. + +What are your thoughts on this or is their a better way to make money on the the HELOC? +Having a hard time deciding on whether to bother spending more money to have a staging company come in and furnish before going on the market. What's your experience with how much this affects sale price/speed? +I was just pondering this while on break. + +When choosing a home to "flip", what are your criteria? Wouldn't it make the most sense to buy a home that was simply not taken care of properly? Such as, a newer home built within the last 20 years that has no structural issues? + +Won't it make the most sense to purchase a run-down ***looking*** house? Slap on a tin roof, new siding, re-gravel the driveway, add some railroad ties for retaining gravel and appearance, re-paint the interior, new flooring, pressure wash any areas needing it, etc? Then just... Mark it up? + +Do you look for homes without structural damage and then just pretty them up? Maybe do some updating: Add a fancy "smart thermostat", add some dimmer switches... You know, just stuff that appeals to potential buyers? + +What's your game? +His reasoning was that even if the properties were separated by LLCs the courts will look at the “intent” of why they were separated and then rule that they can bring all the properties into the suit. I asked him for the law or case study on this and he said he didn’t have it on the top of his head but assured me this is how it’s done. Does this sound like a legit strategy? + +UPDATE: he texted and said it’s better to separate everything and he confirmed with another lawyer. +I was hoping to hear from those of you who got your start in REI pre financial crises, when rates were not at all time lows. + +Was the "Buy, Rehab, Rent, Refinance, Repeat" strategy something you used? Does it really matter what happens to rates/property values if your goal is cash-flow? How did your portfolio fare during the financial crises? + +I would also love to hear from some of you old-timers who have survived a few bubbles and have you share your experiences! + +Edit: wrote out BRRRR long-hand. +Does it make sense to use the equity earned from my 1st rental property to supplement as a HELOC down payment for a 2nd rental property? + +For context, I have ~$75k (~25% equity) in my 1st rental property. +I’d like to get a 2nd rental property but I don’t have enough cash to suffice as a down payment for a 2nd property yet, thus exploring using a HELOC to fill that gap. Thoughts? +I'm a noob who is researching feasibility of multi-family property investments (in the 10 to 30 unit range per property). Could anyone, with experience in this business, comment on large cost repairs that I should consider / be aware of as I begin assessing properties? + +Roof replacement and age/condition of appliances are obvious ones, but what about things that aren't so obvious to a new investor who has little real estate management experience? Things that come to mind: property sewage infrastructure problems, building wide plumbing problems, extensive termite damage, fire suppression systems, etc. Also, what about any "gotchas" that took you totally by surprise and ended up costing a lot to fix, either in terms of resulting vacancies or high repair cost? + +Like anyone else, I'm looking to maximize return as much as possible, and large repairs would certainly make a massive dent in that. I want to get as educated as possible. + +Thank you :) +Or do they only apply to the rental income? + +Say I have an owner occupied fourplex. I know I can write off mortgage interest, property taxes, etc. but if the deductions are higher than the rental income, can I use any of the deductions on income earned from my regular job? +Earlier this year, I "fired" some of the main clients of my law practice. I thought that going part-time (and getting out of some of the areas of practice that I found particularly odious) would bring peace of mind. In the four months that have elapsed since that time, there have been two significant developments: + +1. The remaining clients/areas of practice have more than filled the void left by the types of business that I terminated; and +2. I have come to realize that the psychological pressures of a solo law practice are basically the same if you have one open case or a hundred. I would compare it to being a dairy farmer (the usual occupation of the three generations in my family before me)--Whether your herd has 250 cows or 25, you still have to milk twice a day, you still have to feed the cows and clean the barn, etc. Your 25 cows will get you up at 4:30 a.m. on a -12 degree morning for first milking, keep you from going away from home for more than twelve hours at a time, etc., just as much as 250 cows would. + +Last month, I went away for a long weekend--basically, five days out of the office, to another part of the U.S. To prepare my office for my being gone for all of five days (of which two were weekend days), I had to work two consecutive twelve-hour days, and of course I returned calls and emails while I was gone. I am planning a 2-3 week trip to Europe next Spring, and it occurred to me that there is no way that I could go on such a trip with an ongoing law practice. There are too many forms of accountability to deal with, and too many disasters that I could occur while in a different hemisphere. Since I can afford to do so, the easiest way to deal with the situation is to fully retire. + +My wife has been on me to retire for years, and has been retired for eight years. In fact, she is starting to get a little "insistent" (nagging) about me retiring. + +I have therefore decided to switch my plan from part-time work for a 3-4 years to winding things up by the end of the year, ideally. I have a few cases that could keep me tied up through the Spring, but they could just as easily go away in a couple of months. + +As with most self-employed people, my big bugaboo has been health insurance. We have a taxable mutual fund portfolio that throws off total capital gains about $5,000 beyond the standard ACA "cliff" for a household of our size. The proposed (and likely) extension of expanded ACA subsidies will get me to 63 1/2, and probably with better, cheaper, health insurance than I have now (for cost reasons, I have always bought a Bronze plan; if I am going to be paying 8 1/2% of my income for health insurance anyway, I might as well get a Silver plan, with lower out-of-pocket costs). I don't know what will happen at the end of 2025, and I am not going to hold up my plans because of the uncertainty of a future event. By that time, a Republican President and Republican Congress might abolish the ACA; or the Medicare age might be extended by a Democratic President and Democratic Congress to age 63; or I might be dead by then, and won't need health insurance. In any event, I am sure that I can figure out 18 months' health care costs before I go on Medicare. + +In my case, "coast FIRE" has led me to a slippery slope. +It's all in her name, and if it ruins her credit but leaves mine untouched I'm inclined to just let it rot. Apologies to the system and all, but screw these guys, I asked multiple times what different tests cost and they insisted on performing them. My wife had stroke symptoms, and it turned out that she did not have a stroke. EKG, lab work, CAT scan, etc etc. $11k. + +Our taxes last year showed us making about $15k after deductions. She was a student, I live frugally and do photography, so I have a lot of write-offs. We sleep on a mattress on the floor, drive a car that's twenty years old, etc etc. + +My credit is perfect, though, and I want to keep it that way. + +Once something goes to a debt collector - wtf are our options? I'm pretty pissed the hospital didn't even respond to our massive application for financial aid. We clearly fit the bill for assistance. + +**edit:** Also, I've read over the debt collectors wiki - it's great, however I'd like to know specifically if this can affect me, the husband, if everything is in her name. + +Hell it's not even in her legal name, but that's probably not too relevant. +I am seeing a lot of Q's on this sub regarding Bonds, and their (relatively poor) YTD performance. + +Bond returns (i.e. capital appreciation) are inversely proportional to yields. As yields rise, the value of older issues decreases relative to the newly issued bonds with their fat juicy yields. A consequence of this is that Bond ETFs which hold previously issued fixed income securities tend to decline in value. If you're seeing red, the reason is that [bond yields are rising](https://www.bankofcanada.ca/rates/interest-rates/lookup-bond-yields/?lookupPage=lookup_bond_yields.php&startRange=2012-03-11&dFrom=&dTo=&rangeType=range&rangeValue=1&rangeWeeklyValue=1&rangeMonthlyValue=20&series%5B%5D=LOOKUPS_V122543&submit_button=Submit). + +So what does this mean for the Canadian Investor? Well yields could go either up or down, like stocks. Nobody knows for certain, but what we saw last week was the first rate hike in what is likely the start of a tightening cycle. As the benchmark overnight rate continues to rise, so too will the benchmark yields on Government of Canada bonds. The good news is that even older issues or a declining bond ETF will still yield a return in the form of coupon payments (dividends for ETF shareholders). + +A primary reason that investors choose to hold bonds is not the expected return (which is usually lower than stocks), rather the \*\*expected variance\*\*. Variance (also known as volatility), is measured as one standard deviation from the mean (in either direction). Keep in mind that the current drawdown is pretty tame, and that in historical downturns bonds have over-performed. + +TL;DR: If you're in it for the long run it shouldn't matter: your bonds are doing their job by providing a yield, and reducing your portfolio volatility. +Sorry if this is a naive question. With the current CAD to USD exchange rate, would it be wise to invest in US stocks with Canadian Dollars? Would there be any added advantage to CDR in this context? +I’m only playing with about 7 k. Occasionally I will try to make a little bit of a profit on some +Swing trAdes. Will this be frowned upon if it’s done in my tfsa account. Should it only be done it my personal? And I just wanted to clarify something as well. If I have 25 k of contribution space in my tfsa. I can deposit 25 k into my account right? And any profits from that account even if it goes over 25 k won’t be taxed ? +I’m only playing with about 7 k. Occasionally I will try to make a little bit of a profit on some +Swing trAdes. Will this be frowned upon if it’s done in my tfsa account. Should it only be done it my personal? And I just wanted to clarify something as well. If I have 25 k of contribution space in my tfsa. I can deposit 25 k into my account right? And any profits from that account even if it goes over 25 k won’t be taxed ? +Alright people of the internet. I have a yolo question. If you had $15K to buy one stock and one stock only to buy and hold for the foreseeable future what would it be? +Here are the details. I have a bit of money and am thinking of throwing it into one stock, and a fun investment. +I know lots of people will answer the S&P or a total market fund etc. but I already have those. I’m looking for one stock to buy as a big bet and hold onto. +So any suggestions? I would also welcome answers from those of you who have some experience, maybe you did this once 10 years ago and know what it’s like to ride the waves over the years. +Anyways thanks for all the input internet people. + +EDIT: if anyone knows how to make a top voted list of the responses I can update the post with my choice next week. + +UPDATE: I went with MSFT. Thanks for all the recommendations. +This is a throwaway account as I would like to keep myself and my site anonymous. + +Basically, my family sucks with money. My father is a conspiracy theorist who thinks that investing in *anything* other than precious metals is a waste. + +I don't know the first thing about investing and don't really have anyone close to me to turn to. What would you do with $100,000 in savings? Any help would be greatly appreciated! + +EDIT: I'm 28 years old, a homeowner, and no big financial expenditures coming up. +[Article](https://www.google.com/amp/s/www.nbcnews.com/news/amp/ncna1269609) + +Not a great report, but not terrible either. + +Some key highlights: + +• Jobs added 559k vs. 675k estimate + +• Unemployment fell to 5.8% + +• Strong hourly earnings + +• Labor participation rate edged lower + + +In my opinion, the biggest concern here is the drop in the labor participation rate. People are clearly not motivated to come back to work. Been hearing countless stories of small business struggling to hire - ultimately people need to be incentivized to come back. I would expect wages to continue climbing (earnings were up +0.5% MoM) until this gap closes. + +Powell is less likely to taper now near-term until further progress is made with closing the labor-market gap. + +Tech will like this today. + +Thoughts? + Cryptocurrency volatility is one of the obstacles to its wider adoption. Blockchain technologies provide benefits such as transparency, data immutability, and proven security of financial operations. Yet, it is harder than fiat currencies to predict how the market will behave, or forecast the value of a digital currency. This hinders using cryptocurrencies as accounting and exchange units in daily operations. + +A stablecoin is a cryptocurrency pegged to a basket of fiat currencies or a single currency (eg, USD or EUR); commodities like gold or silver; stocks; or other cryptocurrencies. Stablecoins include mechanisms that maintain a low price deviation from their target price and so are useful to store or exchange value, as their built-in mechanisms remove the volatility. + +Some stablecoins lack transparency and liquidity of their reserves, which compromises their price stability. To address these challenges, IOG has teamed up with Emurgo, another of the three founding partners of Cardano, and the Ergo blockchain, which uses UTXO-based accounting like Cardano, to work on a stablecoin contract called Djed. Djed is based on algorithmic design. This means it uses smart contracts to ensure price stabilization, and that the coin will be useful for decentralized finance (DeFi) operations. + +## How stablecoins work + +Different mechanisms contribute to the stability of the coin’s value and help eliminate price variations. These mechanisms are underpinned by the economic principles of supply and demand. + +A common mechanism is backing the stablecoin by a reserve of the currency used as the peg. If demand is higher than the supply of sell or buy orders, this supply should be increased to avoid fluctuations in the price. Typically, stablecoin reserves are not stored in cash. Instead, they are kept in interest-bearing financial instruments such as bonds. The returns on these provide revenue for the operator. + +As long as the stablecoin is fully backed by reserves in the currency to which it is pegged – and the operator can react quickly to variations in demand – price stability is maintained. + +## Common risks + +Stablecoin reserves are commonly associated with investments. The lack of liquidity of these investments may prevent the operator from reacting quickly to demand. This compromises stability in the short term. + +A drawback of fiat-backed stablecoins is that they require trust in the entities keeping the reserves. Lack of the reserves’ transparency or of the ‘full-backing’ claim, combined with inefficient stabilization measures, have already caused Tether stablecoin (USDT) to fall below $0.96, as shown in [Figure 1.](https://ucarecdn.com/20fef54f-2d33-4c16-9a74-3a74f4cb0420/-/format/webp/-/quality/best/-/progressive/yes/) + + Issues of transparency do not arise when the backing asset is a cryptocurrency on a public blockchain. Furthermore, the use of smart contracts ensures efficient and reliable execution of stabilization measures due to its automated and secure mechanisms. + +## Enhanced stabilization mechanisms of Djed algorithmic stablecoin + +Djed is a crypto-backed algorithmic stablecoin contract that acts as an autonomous bank. It operates by keeping a reserve of *base coins*, and minting and burning *stablecoins* and *reserve coins*. The contract maintains the peg of stablecoins to a target price by buying and selling stablecoins, using the reserve, and charging fees, which accumulate in the reserve, as shown in [Figure 2](https://ucarecdn.com/8fac023c-68b9-4fbc-9ad3-9c8d2005c544/-/format/webp/-/quality/best/-/progressive/yes/). The ultimate beneficiaries of this revenue stream are holders of reserve coins, who boost the reserve with funds while assuming the risk of price fluctuation. + + The Djed stablecoin is designed as an asset pegged to a fiat currency (USD), along with a governing algorithm. This approach provides a stable means of exchange. But Djed is not limited to being pegged to the dollar. It can work with other currencies, as long as there are oracles providing the contract with the corresponding pricing index. + +## The first formally verified stablecoin protocol + +Djed is the first *formally verified* stablecoin protocol. The use of formal methods in the programming process has greatly contributed to the design and stability properties of Djed. Using formal techniques, the properties are proven by mathematical theorems: + +* **Peg upper and lower bound maintenance**: the price will not go above or beyond the set price. In the normal reserve ratio range, purchases and sales are not restricted, and users have no incentive to trade stablecoins outside the peg range in a secondary market. +* **Peg robustness during market crashes**: up to a set limit that depends on the reserve ratio, the peg is maintained even when the price of the base coin falls sharply. +* **No insolvency**: no bank is involved, so there is no bank contract to go bankrupt. +* **No bank runs**: all users are treated fairly and paid accordingly, so there is provably no incentive for users to race to redeem their stablecoins. +* **Monotonically increasing equity per reserve coin**: under some conditions, the reserve surplus per reserve coin is guaranteed to increase as users interact with the contract. Under these conditions, reserve coin holders are guaranteed to profit. +* **No reserve draining**: under some conditions, it is impossible for a malicious user to execute a sequence of actions that would steal reserves from the bank. +* **Bounded dilution**: there is a limit to how many reserve coin holders and their profit can be diluted due to the issuance of more reserve coins. + +## Djed versions + +There are two versions of Djed: + +* **Minimal Djed**: this version is designed to be as simple, intuitive, and straightforward as possible, without compromising stability. +* **Extended Djed**: this more complex version provides some additional stability benefits. The main differences are the use of a continuous pricing model and dynamic fees to further incentivize the maintenance of the reserve ratio at an optimal level. + +## Implementations + +IOG, Ergo, and Emurgo teams have been working on the implementation of the Djed algorithmic stablecoin contract earlier in 2021 to test different models. + +The first implementation of a Djed stablecoin contract was [SigmaUSD](https://sigmausd.io/#/) on Ergo. This was the first algorithmic stablecoin deployed on a UTXO-based ledger in Q1 2021. It had a fee of 1% for buying or selling operations, and an oracle that updated the exchange rate every hour. This initial version was subject to a reserve draining attack by an anonymous user who owned a large number of ERGs (Ergo’s native coin). The attack was ultimately unsuccessful, and it is estimated that the attacker lost $100,000. + +To further discourage such attacks, this initial deployment of Minimal Djed was replaced by a version where the fee was set to 2%, the oracle updated every 12 minutes, and every oracle update was allowed to change the price by at most 0.49%, unless the price difference was greater than 50%. This provided stronger resilience against reserve draining attacks. + +Djed has also been implemented by the IOG team in Solidity. One version uses the native currency of the Ethereum blockchain as a base coin, and another uses any ERC20-compliant token as a base coin. So far, these implementations have been deployed to testnets for Binance Smart Chain’s testnet, Avalanche’s Fuji, Polygon’s Mumbai, Ethereum’s Kovan, Ethereum’s Rinkeby, and RSK’s testnet. + +## Djed: Cardano implementation + +The Alonzo update to Cardano will enable smart contracts using Plutus. Plutus is powered by Haskell, which guarantees a safe, full-stack programming environment. + +Draft implementation of an earlier version of Minimal Djed is [available in the Plutus language](https://github.com/input-output-hk/plutus/blob/master/plutus-use-cases/src/Plutus/Contracts/Stablecoin.hs). In this implementation, stablecoins and reserve coins are native assets uniquely identified by the hash of the monetary policy that controls their minting and burning according to the Djed protocol. This implementation also assumes that oracle data such as the exchange rate is provided as signed data directly to the transactions, instead of being posted on-chain. + +There is also an ongoing OpenStar implementation. OpenStar is a framework for private permissioned blockchains developed in Scala. The implementation of Djed using OpenStar follows the idea of off-chain smart contract execution to have a stablecoin on Cardano that does not depend on smart contracts executed on-chain. + +To find out more about Djed stablecoin, see the [recently published research paper](https://github.com/input-output-hk/djed/raw/main/papers/Djed.pdf) or check out the [presentation by Bruno Woltzenlogel Paleo](https://www.youtube.com/watch?v=zG-rxMCDIa0&t=8366s), IOG technical director, at Ergo summit 2021. + +*We’d like to thank and acknowledge Bruno Woltzenlogel Paleo for his input to this article and support throughout the process of its creation.* + +[*https://iohk.io/en/blog/posts/2021/08/18/djed-implementing-algorithmic-stablecoins-for-proven-price-stability/*](https://iohk.io/en/blog/posts/2021/08/18/djed-implementing-algorithmic-stablecoins-for-proven-price-stability/) +I started my own business (paid as contract labor/1099) a couple years ago and success made me forget about filing taxes. Stupid! I know. I now have two people working as contractors that I 1099 and I haven't paid my taxes since I started. I have quite a savings built up (65k), but have yet to file any taxes and have made $0 in tax payments. I know I'm in deep and need to get out NOW. Please help. +I know turning your thermostat down saves money, and obviously a cold shower (with no hot water being heated) is cheaper than a hot shower, but does a \*cooler\* shower save money? + +We have a Baxi boiler and an electric shower (I'm not sure if the boiler is relevant here, or if the hot water for the shower is provided solely by the electric shower. Probably the latter). + +I've noticed that if I lower the shower temperature, the water pressure increases. This makes me think that it's still supplying the same amount of hot water, but adding more cold water to cool it down, rather than simply heating less water. This would suggest that the shower temperature is irrelevant when it comes to saving money. Any idea if this is correct? Thanks +I'm 20, currently on roughly 18.5k, before tax, but will be going up to £25,150 this December. I currently aim to save £300pm at the moment, and will hopefully be able to increase that after my pay rise. + +I've finally passed my driving test (bit late due to COVID) and am now looking to buy a car. I was approved for a 0% credit card at £4000 for 2 years, which I am aiming to purchase a used car & the insurance with. + +I know the most sensible thing would be to buy a banger around £500-£1000, but I know I can afford something a bit more expensive/nice around 2.5-3k (insurance is looking to be around 350-700 per year). + +I'm a bit stuck on what to go for, what's everyone's opinions on this, buying cheap vs a bit more expensive, etc? Also, have I missed or not considered anything obvious? + +Thanks in advance. + +EDIT: Thanks all for the comments, you've given me a lot of advice to consider. Just wanted to clarify the insurance as some have mentioned what I quoted was cheap. I mistakenly used my provisional for the quotes, I've had another quick look and £1000+ seems more reasonable. Fortunately, I should still be able to afford this comfortably. Thanks again. +I've been taking some steps recently to try and finally move out from my parents' place. I like them, but I like my space and want to live my life, I'm 26 now and just can't do this. Renting hasn't been an option as it would seriously damage my ability to save, and my parents have been cool with me staying because they want me to be able to get a place of my own, I'm very fortunate. I have lots of hobbies that involve having a proper workshop, which has severely limited my options. A flat would be fine, but I need a garage or a garden to build something in. And in my area, garages to rent are disgustingly expensive, limited in number, and are very inconvenient and limiting. Therefore, I have to buy a house. + +I live in the SE and work a fairly decent job which I really enjoy. But for this area, it's not really enough. I earn £28K a year, which has gone up from £25k 2 years ago. In September 2020, I started a side business manufacturing and selling metalworking tools. Over the last 12 months this has brought in £30K profit before income tax and NI (sole trader). + +Unfortunately that means I only got 6 months of trading in on my first financial year. After 2 years trading, will lenders consider my income based on years of trading, or is it strictly based on financial years and tax returns? That would make a 6 month difference for me. + +Based on a more conservative £20K income from my business, I should be able to borrow enough for the kind of place that I'm looking for, in my area, combined with my current savings of £70K (I've worked since I left school, not paid rent, saved heavily and used my LISA. Again, fortunate.). By the time of purchase, I should have saved up enough additional money to have a decent emergency fund after buying a house. + +I will continue my side business, and am not aware of any reason why business would fall, I really can't deal with the stress of my home being reliant on it. So I have put together a budget based on my current employed income, and anything earned through my business will be an unaccounted bonus. However, when looking at it this way, based on Nationwide's repayment calculations, my repayments will take up about half of my take-home income. I know that, typically, this should be lower. But given that I'm living alone, my expenses will be lower too, so is it really a problem? + +Here's a budget based on my current employed income. A lot of figures are estimated, but I'm sure I must be missing something: + +**Per Month:** + +**Take-home income: £1675** (ignoring business income) + +* Mortgage: £630 (based on the higher end of Nationwide's estimate)* +* Car insurance: £41 +* Road Tax: £28 +* Fuel: £50 +* Phone £16 +* Netflix+Spotify: £24 +* Council Tax : £150 (approx, with 25% single person's reduction) +* Water: £35?* +* Gas/Electric: £90?* +* Internet: £60 +* Food: £200 + +\* Updated since OP + +This leaves £340 p/m, plus additional income to save into an emergency fund, invest and spend on luxuries. + +To me, that sounds fine, even if my housing cost is a large percentage of my main source of income. Am I missing something blindingly obvious, cutting things too close, or is this workable? +**Microsoft was a great company in 1999. It posted record revenues of $20bn, record net income of $8bn, and soared to a market cap of $615bn.** + +**With that being said, if you had invested in Microsoft at the top of the dot com bubble you would not have seen a return on your investment until 2016.** + +I believe we are now in the midst of a similar timeline. Some valuations are through the roof without any grounding in reality. It is hard to know when it will correct but I am convinced that at some point investors will once again begin valuing companies as the value of their future free cash flows + a risk premium. + +For this reason I am adapting my personal investment strategy from 100% long to **110% long and -10% short** with some select picks. + +I will be diversifying my shorts and limiting their initial notional value, wary of irrationality continuing. I expect this to be an investment strategy I can stick to for at least 1 year. + +**I'd love to hear any contrarian views to my thesis and any thoughts on my short picks or suggestions.** + +--- + +My picks (each will be -1% of my portfolio): + +**1. TSLA** Not much needed to be said. Great company, love their products and direction. $800bn valuation is ludicrous. + +**2. SHOP** $180bn valuation for $2.5bn revenue in 2020. 70% growth rate is great but where is my risk premium for my investment today? + +**3. UBER** $113bn valuation with a -$22bn accumulated deficit. Gave up on self driving (their roadmap to profitability?) back in December. Propped up by SoftBank. + +**4. ZM** $126bn valuation with $2bn TTM revenue and $400m net income. Guys, this is a company who offer video communication software. 0 MOAT or risk premium. + +**5. SNOW** $85bn market cap, $489m TTM revenue and -$400m net income. For a data cloud service (hello have you heard of AWS/Azure/etc.?) + +**6. DASH** $65bn market cap, $2bn revenue, -$200m net income. Financials aren't the most atrocious on this list but food delivery services (like ride sharing) are too location specific. No roadmap to global domination here. + +**7. LMND** $10bn market cap for a "tech" insurance company with less than $100m revenue, -$100m net income. Their S-1 is filled with talk about their AI. Their "chatbot AI" on their website is a web form with a photo of a woman. Seriously? + +--- +Picks I am less bearish on but still considering going short. + +**8. ABNB** $128bn market cap, $5bn revenue pre-covid. This one is hard for me. I like this company and think they have potential as a global business. Also a great pick post-covid. But I think $128bn is still too insane. Could be convinced otherwise. + +**9. NIO** $94bn for the Chinese Tesla. Close to bankruptcy pre-2020 EV hype. Now has some momentum but $94bn worth? China growth can be scary though... + +**10. SPCE** $13bn valuation. Richard Branson's pet project run rampant with a Chamath SPAC. Space, very cool. Return on investment is where sorry? +I want to open a LISA to buy my first house. My plan is to save for 2 years the maximum amount. My boyfriend will do the same and the plan is to use both bonuses against the house, alongside current savings and saving outside of the LISA too. + +I know the LISA is only available to first time buyers and that inherited properties, even if it’s just a share impacts this. I am named in my grandmas will to inherit a share of the house. + +I have been searching for an answer but can’t find a clear one. If my grandma dies within the 2 years and I become classed as a homeowner, how does this impact the LISA? Does this mean I will still be hit with the 25% rate or could I still use the full amount against a property purchase minus the bonus? + +Also presuming this impacts my limit on stamp duty? + +First time post, hope this is okay to ask in this forum! + +Thanks. +It’s down over 10% in the past month, and down 2.77% in the past 365 days… I know it had a huge run up boosted by Covid when everything was locked down, but still. + +I’ve been solely investing in Amazon the past couple weeks. I think it’s a no brainer and a great time to get in. The infrastructure they’re building right now will lock them in as a dominant leader for decades. They’re not going anywhere. + +And working in tech sales I see or hear every day companies utilizing AWS or making the move to it. The US government tends to utilize it in contracts which is huge. + +What are your thoughts? +Many people are concerned that DHHF has a low funds under management (FUM). Today DHHF hit $15 million and it seems to be growing by a good $500k per day. With the growth of the market and inflows it should be over $100 million by next year. + + +Please use this thread to discuss how amazingly cheap you are. How do you keep your costs low? How do become frugal without taking it to the extremes of frupidity? What costs have you realized could be cut from your life without pain? Use this weekly post to discuss Frugality in general. While the Rules for posting questions on the basics of personal finance/investing topics are more relaxed here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Interests rates have been near 0 for close to 5 years as the Fed has been pumping trillions of dollars into the economy each year. Why hasn't this caused inflation? Where is the inflation? When can I expect inflation? +http://finance.yahoo.com/news/saudi-arabia-opens-585b-stock-080157584.html + Saudi Arabia's stock market, valued at $585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices. +How have you learned to limit your losses and which strategies have you implemented to remain consistent and disciplined? + +I was inspired by the "mental game" approach discussed by author and psychologist Jared Tendler who argues against the simplistic approach of just "fixing" things without first understanding the underlying complexities of our behaviors. I am sure others here would benefit by hearing the path to limiting losses from experienced traders. +Reading your guys' advice for those wanting a credit card without a credit history lead me in signing up for MSE's Credit Club to compare and apply for one. + +I wasn't really expecting much coz of everyone's stories about their first credit card (lower credit limit, rewards etc.), but I was shocked to see that I was given high chances of approval for credit cards that most people were saying to be too 'early' to get. + +I applied for Amex's Platinum Cashback Everyday Credit Card (80% chance). After I completed my registration, I was instantly approved and was given an £8,000 credit limit. + +I told my parents about this and they were happy suspicious in a way like they felt it was too good to be true, but yeah I double checked: it was the official site, received a confirmation email and everything. But holy fuck did it caught them off guard. + +What could be the reason for this? The only thing I've done that might be a plus is my signing up to the electoral roll 1 year ago. My salary's only £18k as an apprentice. + +TL;DR: Approved for a credit card/credit limit I have no business of having. Just 18k salary. Why, any catch? +The kid screwed up. He’s been dealt the consequences, let’s not continue the hate and drive this fella into a pit of depression. + +Ape no fight ape, right? + +We all knew he was a 22 year old kid with limited trading experience. He was transparent about that from the beginning. He went from zero to hero real quick and chances are his ego got the best of him. + +Let’s let him leave in peace to learn from his mistakes and continue on our merry way. + +Side note: maybe we should consider removing posts bashing him? I don’t believe it looks good on the sub from outsiders to see the blatant and targeted hate... some apes are ruthless, god damn orangoutangs. (Still love ya) + + +Just my two cents, as always, hodling til my hands seize shut. + +Edit: added some love. + +Edit #2: I’ve received both the all seeing upvote and faith in humanity restored award anonymously, within seconds of each other. + +.. I can only hope the great DFV is watching over. +I’m curious how current retirees transitioned their asset allocation from growth to preservation. Some questions that come to mind: + +* Are you prioritizing growth during fire or wealth preservation? +* If you rebalanced, did this transition happen before or after fire? +* If you rebalanced, did you transition your allocation over longer duration or all at once? +* Did you use any tricks to minimize tax penalty when you rebalanced to prioritize wealth preservation? (E.g. sell covered calls instead of outright selling) + +I’m currently heavily weighted for tech stocks and S&P500. I feel like I need to rebalance to trade growth (and more risk) for stability but I could be wrong. I’m unsure when I should do this and how. Any thoughts is appreciated. Thanks. +Listen to retards. Unless you've been living under a rock you know BBBY is up bigly today. BBBY is going to the moon, heres why: + +SI % of float is over 100% + +Ryan Cohen owns 10% of the company + +Ryan Cohen bought $60+ calls + +Welcome to GME 2.0 +About 75% of our stash is in various stocks / funds with eTrade for about 15 years or so- started by stock deliveries from my employer. I was contacted by a local eTrade rep and have agreed to meet an Edelman Financial Advisors rep for a review. It seems like an interesting exercise outside of eTrade and Edward Jones where we have other funds. (Edward Jones discussion with fastFIRE later.) + +I'm sure there is a pitch coming to give/reallocate something to Edelman from what the eTrade guy has probably told them about us as a client. I wanted to just get some feedback from others who have used/considered/passed on Edelman if you're on the other side of FIRE. I didn't see Edelman referenced in fatFIRE. Personally, my thoughts are it's like getting your insurance review from another carrier. Unless they have something pretty awesome, I got us to fatFIRE so they'd have to have some sort of economical interesting options for us. + +FIRE away gang. + +\[Update 3/3/20\] + +The meeting went fine. He led with underscoring how much they focus on being a fiduciary and only provide solutions in our interest. Past that, just a bunch of the basics like life goals, risk tolerance (focusing on the last few days), when I want to actually stop working at my current employer. We are used to the wild swings of our FAANG stock so not thrilling, but we are with everyone else on this ride. Was sort of humorous asking me why the questionnaire showed me increasing my monthly spend by about 50% after quitting working. I said I'm going to have travel and hobbies and it should easily still be within what I project as well below a 3% level. I did get "homework" in that they want to see the cost basis for the funds in my Actively managed account. I thought to myself- "yeah me too", but EJ keeps that sort of a shell game so I'm thinking that could be interesting when I ask for that and never have asked from Ed Jones. Oh he mentioned in passing towards the end he thought the AUM would be "under 1%" but of course they have to look through everything and "tailor something very specific to your needs and risk tolerance". He didn't directly try, but my wife commented later that he didn't close her on abandoning Ed Jones so that was interesting. She does like the idea of being more clinical in the financial relationship so we don't have some sort of emotional attachment to the rep. + +I'm willing to see/hear what Edelman comes up with in a couple weeks and at a minimum, gives me some ammo before I meet for my annual Ed Jones cheerleading meeting. Will probably append a reply to this thread after our Edelman meeting. All of the feedback has been incredibly helpful for my first post to the group and for that I thank you all. More questions to come as I saddle up for getting my finances staged for the next adventure. +Been lurking for a while and am fascinated by this sub as it aligns with my goals. + +There was a book I read in my early twenties called "Ten Roads To Riches". It is a bit dated at this point with regard to a few paths, as the classic career model becomes threatened for a few of the options, but the central idea is that a former HNWI financial advisor reflects on his clients and finds ten common causes for their wealth. + +When cross checking this with the success stories and recommendations on this sub, I see a lot of similarities (particularly, START A BUSINESS) but differences. Notably real estate seems to be overweight here. + +Bottom line is this - Many aspiring and accomplished fatfires tote a growing real estate portfolio and with my background in FICC and equities it does not make sense to me: + +1) You are competing against very large and well managed but localized private equity/REIT firms. If they want to subsidize a Whole Foods and make a luxury apartment complex, they have the capital for that. If you pick the wrong neighborhood, sorry. + +2) Tax benefits are a regulatory risk. They have improved for the RE business owner but I would bet anyone ten to one that these tax policies will change in 4 years. Positive or negative? No idea, but the risk is extremely high and demands a premium + +3) Cost of scalability - as you scale a RE Enterprise you look at either contracting or building your own management Enterprise. Those are a dime a dozen and competing for razor thin margins as best I can tell (please correct me if I'm wrong) so chances are you outsource this. Plus, the idea is not that you work 80 hours a week fixing dishwashers until you die. That's not the goal here. + +Finally, the old investment saying - if its too good to be true, it probably is: if after the risks and buyers competition and margin sharing above consistently yields a low risk 15% return on equity- why isn't everyone doing it? Laziness? Ignorance? Furthermore, what exactly is preventing me from capturing that with either an REIT or some novel product like fundrise (they got a small investment from me recently as an experiment). It seems like competitive pressure should be punishing the small player unless you have access to 5% collateral free capital. + +Someone please walk me through this. I don't mind leverage and risk that gives proper reward, but the financial markets have been good enough to me and the density of real estate managers here really forced me to wonder - is this a unicorn dressed in rags or a goat in a 5k suit? +I recently hired an estate attorney to do the basic estate package (will, power of attorney..etc). I am now considering doing a grantor trust or slat. I was initially quoted 10k and now I’m being told it’s 18-20k for the new trust. This is after spending a few thousands on legal advice and 6k for the basic estate plan. I have not engaged the attorney for grantor/slat but found strange that prices could change on his whim. I feel like he is not being consistent and this makes me question if we should continue the engagement. I get this is a busy time given legislative changes, but is this normal way that estate attorneys operate? What have been other people’s experience. +My wife and I are extremely fortunate to be internationally-connected to friends and family on different continents. We were recently informed that upon my in-laws' passing, we'll be inheriting a series of properties in Egypt and Brazil (in addition to a few properties in the US). The question is this: would it be worth trying to hang on those properties if we have no one to directly check in on the properties when we're not around (which is likely the case given that we won't have the ability or desire to fly frequently across the world? The idea of a "vacation" house in another country is thrilling but the reality of it all seems daunting +Hi everyone. + +Just wanted to ask for some advice. +Bit if back ground I'm 30, work in engineering and currently rent a home with 1 child living with me and my partner. 1 on the way and 2 children that live seperatly with our exs +I've had a letter come through the post today from my company. +Saying that we are being offered the choice of the following. + + +A 3% payrise + +3 extra days off a year. + +Or 3% increase in contributions to my pension from my employer + + +I'm currently on 34k a year so the payrise works put as £1020 +I get 25 days plus bank Holidays off plus 1 extra day for every year upto 5 years. +I currently pay 3% and my employer matches that on my pension. +I'm not sure which one to take that will benefit me and my family the most + +Update : + +So after reading all of the comments I think. + +I have decided I'll go for the payrise for now. + +Money is a little tight atm as we've just moved house. + +In reply to some of the comments. +Extra days off would be nice but tbh if I fancy a late start or early finish I generally can and I still get paid a full days wage. + +I don't pay child maintenance through the csa so an increase won't affect my payment and tbh I pay her more than I supposed to anyway. + +I don't actually have to work to state pension age because of the type of engineer I am so my pension is set up for me to retire at 60. + +I have a few savings pots that are invested and seem to be doing better than my normal savings account with the bank. so atm as long as we don't suddenly go back to the stone ages there just creeping up and being left untouched to top up my retirement. + +Job hopping isn't really an option. I've been with this company for about 7 months and tbh they pay me alot more than I used to by a household name manufacturer in the construction industry and I do a fraction of the work for it. (Think 60% of the time drinking coffee on a sofa) + +Think I've covered everything 🤣 + +Thank you everyone for your advice and input. +I'm off to eat apple pie and custard now 😁 +Every month I set aside around £20 to fund my reading and learning. It's something I've been doing for the last 2 years. And I purchase 2 or up to 3 physical books most months. Usually go for finance or personal development. Psychology and even classic novels (on Orwell at the moment). I feel it's a great way to learn and also gives me a release from the 'real world'. I love the fact that every year my library grows. It makes me so happy to know I can refer back to a book at any time. And when I hit 60, I'll have a huge private library someday.... +If anybody wants, I can make a list of what I have read and purchased. +I was in the process of refinancing my house, however long story short - refi company started getting sketchy on me on the day of my closing. I exercised my right to rescind within the 3 day period after closing. Loan officer acknowledged the rescind and advise that she will proceed with the cancellation. This took place on the 18th. On the 24th it looks like they paid off my original loan and I just found out today. I emailed the loan officer about the situation and she said she will get me in the right hands. I also emailed the closing attorney. Has anyone went through this? What do I do now? +Context: I recently got a new job; I now earn in a week what I previously earned in a month. I'm the first in my family to be in this wage bracket. + +My family are a very working-class, blue-collar old-minded bunch of people that don't trust anything money related, such as investing, new methods of working such as WFH, or anything white-collar. It's also especially hard to explain to them that I work for a Web3 company based in the US, but I work from home and in Europe. + +I wanted to set up an investment fund for my niece and nephew for Christmas with my now disposable income. But, the more I think about it, the more I realize my family will just embarrass me for this and think it's a waste of money. They'd rather I just bought the kids toys or useless items they never play with or will last them a few years until they're broken or thrown out. + +Question: Should I invest for them anyway or leave it? Instead of buying them expensive gifts for their birthday or Christmas, id invest money each month and just give them a card and a small gift. +This is weighing very heavily on me lately. + +My wife and all of her family disagree with my frugal lifestyle. I feel like I'm constantly ganged up on because my financial outlook is different than everyone else. It's like NOBODY understands the idea of making HARD SACRIFICE early in life for a plentiful payoff later. + +Even upon seeking relationship therapy with my wife the counselor gave the impression that my values, goals and happiness is less important than hers because hers aligns more closely with 'the norm'. Than it all turned back on me for being controlling and unwilling to compromise.... How is somebody saying "I want to spend $X on this thing... If you don't want me to spend that much then you're unwilling to compromise. I refuse to spend less than $X, but that's not a lack of compromise, the lack of compromise is your unwillingness to give me $X" + +How do you deal with this? I'm so angry all the time because I'm treated as if my opinion and preferences are wrong just because they're abnormal. + +I acknowledge that my mindset is abnormal and that the other people in my life have a right to their own outlook, but when their outlook actively takes away from my future and my goals it is extremely difficult to accept. + +Don't get married until you either agree to separate finances or you are 100% on the same page financially kids... It's going to rip your heart out. + +Having a strict financial mindset as a sole income earner is hard... + +Tl;dr - Most people seem to think that if your mindset is outside of the mindset which most of society holds that your mindset is incorrect and less relevant than their own... shit sucks. How do you deal with this constant feeling of being a lesser person because your abnormal lifestyle? + +EDIT: Couldn't work it out. Just filed for divorce. 12/10/2015 +There are more interest hikes coming, and inflation is the number one concern of the Bank of Canada. That much I understand. But if a recession is all but guaranteed, can interest rates go higher AND stay there for a few years? I thought that rate cuts were the ammo that central banks used to fight recessions. Or if both options are bad, is that what stagflation means? (I'm hazy on that one.) + +On a micro level, I'm wondering about renewing a mortgage right now at fixed vs variable. Variable could swing higher for a couple of years (that's just me guessing based on what I read here), but isn't it usually a better option over the course of five years? If you weren't in a dire situation, would you lock in or go variable? +Thoughts on chorus aviation going forward? Air travel will back eventually, and I feel national travel will come first and quicker than international travel. + +The dividend should come back eventually as well. It peaked in the 8s and is now holding steady under 4. + +What are people thinking about this? Could be a good time to grab a whole bunch. Plus a buyout could be possible. Who knows. Looking to see if anyone has done some more detailed recent research. +Thoughts on the effect on oil? + +Seems like a big deal. + +[https://www.bnnbloomberg.ca/commodities/video/u-s-bill-to-place-tax-on-canadian-crude-imports\~2159433](https://www.bnnbloomberg.ca/commodities/video/u-s-bill-to-place-tax-on-canadian-crude-imports~2159433) +Ask yourself apes: + +Why is anti-Gensler sentiment getting pushed so hard? + +Huge SEC proposals were just put forth and he did an interview where both Superstonk and DRS.GME were both mentioned. Do you think that happened by accident? Do you really think he’s playing dumb OR as some have suggested—gaslighting apes? Really ?!? + +I remember last year when he did a retail PSA wearing a purple suit. 🤔 + +Wall Street hates Gensler and wants him out for a reason. + +Remain Vigilant. Stay Positive. + +DRS is the Way! + +And when the time comes, COMMENT; cause Wall Street hates the competition. +So, after an emergency visit to the hospital, my dad has been diagnosed with stage 4 lung cancer. However, he is also undocumented and uninsured. He has no car, no house, practically nothing to his name besides his family. + +The doctors explained everything. His only chance of treatment is chemotherapy. However, cancer is not considered an emergency, so the hospitals will be unable to treat him as an inpatient. He has lived paycheck to paycheck most his life working in landscaping and maintenence, but he will now stop working due to his health condition. He has no viable way to pay for treatment, and is unable to get any welfare due to being undocumented. We currently reside in Nevada. + +I've recently graduated college, which I could not have done without his support. I did work jobs here and there, enough to pay $400ish worth bills every month. Whatever money I did had left over, I spent thinking it's better to enjoy life young than when older. I've accepted a job offer that will not start until mid-August where I will be paid a $60,000 salary. Unfortunately, the job will be in a different city, but once I start I'm willing to give as much as I possibly can. I have not ironed out any details, so I'm unsure how much spare money I could possibly have. + +I'd be really appreciative if anyone could help point me in the right direction. Are there lower cost forms of chemotherapy treatment? Oncology locations which would allow for payment plans? Would it even be possible to get him an insurance plan given his immigration status? I've heard about pre-existing conditions when buying health insurance, so is there nothing that can be done? I'm pretty uninformed, and also overloaded with emotion to do research at the moment. But I'm wondering if anyone here would have some advice, or at least be able to help point me in the right direction. Thank you to all who read this, and feel free to let me know if this isn't the type of posts which belong to here. + +Edit: It is getting a bit hard to respond to everyone, but I really appreciate the support and love from all of you. I'm trying not to overreact, and hope that my family and I can get all the answers soon. To all those wishing me luck and the best, I really appreciate all of you and I can't say how much I appreciate the kind words from everyone. Thank you + +I've started my investigation of possible routes we can take, so I don't think I'll have much time to respond to everyone, at least for the time being. If you bring up and important point that I need did further clarification on, I will respond. Otherwise, I am reading every comment and taking all the advice I can. To all those wish my dad and family the best, I want to thank you. It might not seem like much, but all your words help me have the strength to push forward and try to find a solution instead of rolling over and crying. Thank you everyone, it is all truly appreciated. +AFAIK they are the only "big" NBFC lender with a super-high interest rate on deposits. + +Basically you can get 8% annual interest on FDs, and with every renewal the rate rises by ten basis points. + +Assuming one was interested in a stable fixed income from a large FI corpus, and assuming a 4-5% inflation rate, would it be safe to assume that even after taxes you can make a decent living? The growth of interest rate upon renewal also seems to mostly get rid of interest rate risk in the long term, as the general direction of interest rates is down in a stable and wealthy country. If the rates rise, then get a new FD with the improved rate, or be assured a ten bps rise in a falling interest rate cycle. + +At the same time, NBFCs are not regulated like banks so the chance of financial tomfoolery and risks are obviously higher. So how risky would it be to park a large corpus with Bajaj? Can a person take out an individual deposit insurance which is greater than the one banks take out as per regulations? +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +As the title suggests, I'm looking for a web service like Yahoo Finance which can deliver me information about the stock market through an API. + +Since Yahoo Finance was shut down in 2017 but returned in 2019, their services has been lacklustre. There's GOOGLEFINANCE on Google Spreadsheets but it's a bit limiting for my use case right now. More specifically, I want to track information on dividends & other stuff as well which GOOGLEFINANCE doesn't provide. + +Are there any free web services (preferably one with a free API) out there which I can use now? They needn't be very functional but should provide me with basic information like fundamental company data. + +EDIT: It appears AlphaVantage has a [free API](https://www.alphavantage.co/documentation/) & an [addon](https://documentation.alphavantage.co/GoogleSheetsMarketDataAddon/V_1/index.html) for Google Sheets. Haven't used them yet, so if someone can give me an overview of them, I'll be grateful. +I'm an 18 year old who currently resides in India. I became interested in the world of financial markets (primarily stocks) about 2 years back and started learning more about it. Also opened a demo account where I managed to get a decent rate of return. So all these finally influenced my decision to actually put my money (around 35k INR) in the market. + +Issue is that since I learnt primarily in terms of the US stock market , that is what I'm more knowledgeable on. I have almost no clue on the environment of the Indian Stock Market. So I thought I'd start investing in US stocks via this app called vested, a stock brokerage app which lets Indians invest in US equity. It is registered in the US and is an SEC registered Investment Advisor and insured by SIPC. + +Question is I havent been able to find anyone in my network who uses it and hence am reluctant to use it as I do not know if this app is safe or not . If any of y'all could confirm nor deny the reliability of this app, it'd be very helpful. Thanks +I've been reading a lot of posts about how one could at a maximum spend about 30% of your take home pay on renting a house. + +I just moved to a new city for a new job and while searching for a house on rent, I found this place that costs 25k for a 2BHK. +My annual gross salary with this new company is approximately 18lacs. Given this salary range, I'm thinking 25k for a house within the advisable range. + +I would like to know and understand if there is a model/a guideline that you follow. Or have you attempted to move on from renting a house to buying one? + +[cross posted from r/indiaspeaks] + +Edit: just to clarify, I'm talking of my case where I'm married and my wife does not work. +Ideally, what is the maximum percentage of the salary that should be going towards rent? + +I was going through this article on ETMoney [https://www.etmoney.com/blog/the-best-ways-to-invest-as-a-senior-citizen/](https://www.etmoney.com/blog/the-best-ways-to-invest-as-a-senior-citizen/) + +It says "After maturity, you are eligible to pay tax on the principal amount you will receive". + +This statement is made for PMVVY/SCSS and POMIS + +Is that really true? lets say we invest 15L in PMVVY, we get a monthly pension of 9250 , which is taxable, but after the tenure of 10 years we get back that 15L, does that mean we need to pay tax at slab rate for the entire 15L at the 10th year? If that is the case isnt FD a better product where principal amount is not taxed? +- Real estate rental yields are hovering at 3-4%, And there's also a chance that your property value can appreciate as well. + +- Fixed deposits - Some are giving as much as 6-8% P.A. which definitely seems better than real estate. + +- Index funds - with the fed raising rates and the rapid rise of markets in the 2020 scenario - a correction has already happened in markets. But There's also a chance that the overall market can dip into a recession making index funds a pretty risky bet at this current economic climate. + +Out of all the above options, it seems FD is giving the best guaranteed returns. Thoughts? Real estate - i honestly don't understand it much - any one who is deeply involved it is welcome to share their knowledge with us all. +Edit 2: Thank you everyone for your help. Within 45 minutes of RBI sending instructions mails to the concerned bank, the bank authorities asked the account number, date of transaction and PAN id. Although I didn't see the message yesterday as it was in my spam folder. Today after noticing their response I sent them all the necessary documents and within 30 minutes they send me the certificate! +Edit: I emailed RBI today regarding the issue. Since I was unsure whether my parents' email id was provided or not, and if given which one is as my parents can not tell for sure, I sent a general email only providing the branch name and amount and date. Within an hour RBI sent an email to the concerned bank with me as CC. Let's see what the bank authorities reply. Thank you, everybody, for helping out. + +My parents bought SGB from a small finance bank in August. The bank authorities have not provided any received or certificate. I checked the RBI website, where it's mentioned that bank authorities are supposed to give a receipt in the form of a FormB. But my parents haven't received any such! Since then, they've asked the bank when they will get the certificate, which the bank manager keeps saying we will get! The only proof my parents have is their passbook where it is showing a debit corresponding to SGB. Please let me know whether they don't have anything to worry about and how we can get the certificate asap. Thank you. +If I’m looking for a home loan in the near future - is it best to cancel things like After Pay/Zip Pay accounts etc? + +Not sure what my credit score is like, only debt I have is HECs - but what other spending habits/accounts/or anything else can potentially negatively affect you when seeking a home loan? + +And what time frames? For example if After Pay does negatively affect this, if I look to get a home loan in one years time, is it best to delete the account right now? Longer the better? + +Thanks +Here you go boys and girls!! + +&#x200B; + +Source: [https://www.sec.gov/Archives/edgar/data/0001326380/000132638022000100/a991-stocksplitannouncement.htm](https://www.sec.gov/Archives/edgar/data/0001326380/000132638022000100/a991-stocksplitannouncement.htm) + +&#x200B; + +My 6 shares will now become 24, LET'S GO!!!! +My estranged mom who moved overseas a few years ago sent me an email to stating that she wants to send me a gift of money for the holidays, and that it’d be best if she send it directly into my bank account. She wants me to send her my bank info. + +She’s the trustee of my trust fund that I’m the beneficiary of after my dad died, so I’m already receiving monthly money from the trust fund to my bank account. Shouldn’t she have that info already then? + +Why can’t she just mail me a check? In the past, she sent checks and even cash in the mail. Could it be a trojan horse that she’s asking for my bank info? She was financially controlling in various ways throughout my life (throwing money at me, essentially). I’m not sure if the gift she wants to send now is a Trojan horse. + +The message in her email (apparently send from her iPhone) is below. English isn’t her first language and the few emails English she did send to me in the past were filled with spelling, grammar and spacing issues like this one is. She usually emails me in her 1st language (with !!!! and ??? used there as well). + +I redacted my name with XXXX, and the email was single spaced, not double spaced like the way it’s formatted below. + +“Hi XXXX! + +How are you???????? + +I want to send you money + +Gift for coming Passover + +Better to your account + +In your bank + +Please send me all the information + +XXXX when you are ready + +We have to talke about + +All your weight !!!!!!! + +Love you very much + +Miss you a lot + + +Sent from my iPhone” +https://www.cnbc.com/2021/11/29/amazon-on-track-to-be-largest-us-delivery-service-by-2022-exec-says.html + +Dave Clark, Amazon’s CEO of worldwide consumer, told CNBC on Monday that the company is on track to become the nation’s largest delivery service by the end of 2021 or early 2022. + +Analysts have long predicted Amazon would overtake carriers like UPS, FedEx and the U.S. Postal Service, thanks to its increasingly in-house network of planes, trucks, vans and ships. + +It is a positive development as Amazon dependence on other carriers will be lessen. The logistic and warehouse networks are in a optimal mode now as Amazon has been invested heavily to fight off the competition. This proves that the investment cycle has finally paid off as patience investors will be holding the amazon stocks and waiting for the next stock appreciation cycle. +So I noticed a few posts that say they're selling their crypto or taking profits. Doesn't feel right. Feels like someone rich and powerful wants the little guy to sell his crypto on the cheap so they can buy it all up. + +Anyone notice this? + +Edit: Just to be clear, I'm not against anyone taking profits, that's the whole point in investing IMO. It just seems like there's more posts about selling than usual. + +Edit 2: The top post on Reddit right now is about selling and the user u/AmishMagic is 1 month old and has just this one post which got upvoted to hell. And we all know upvote bots are active on Reddit. + +Edit 4; This post is getting down voted hard +is it really worth it to buy 1 or 2 shares of this great company? I'm an idiot, I blew it off at 100, 200, 300 thinking it was too expensive, but now i'm really regretting it. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +For all the AMD / Nvidia fanboys, tech specs are here. Cant just endlessly say Intel is terrible. + +https://wccftech.com/intel-core-i5-12600k-cpu-faster-than-ryzen-5-5600x-blows-away-rocket-lake-core-i9-11900k-leaked-benchmarks/ + +>The performance benchmarks show the Intel Core i5-12600K blasting up the single-core test with a score of 773 points and the multi-core test with 7220 points. This puts the Core i5 Alder Lake at a massive 50% lead over the AMD Ryzen 5 5600X and even faster than AMD's 8 core and 16 thread Ryzen 7 5800X which is very impressive. Versus the leaked Core i5-12400 benchmarks, the Core i5-12600K offers a 45% increase in multi-threaded performance which means that those E-cores are being used properly plus the higher clock speeds really push the performance even further. Even Intel's Rocket Lake flagship couldn't keep up with the new Core i5 chip which ends up 13% faster in single and 10% faster in the multi-core tests. + +>Now think about it this way, you are essentially getting slightly better performance than the AMD Ryzen 7 5800X, a $400 US+ chip, in a processor that costs $30 US lower than the Ryzen 5 5600X. It sounds like an absolutely phenomenal deal. Obviously, there are a few drawbacks which include investing in a brand new platform and migrating to a new OS platform (Windows 11 in this case) which would raise the cost and effort but if you set your mind aside from these short-term concerns, the Core i5-12600K could end up serving you far better performance at an insane value proposition. Furthermore, it is also stated that owing to the 12600K being segmented in the Core i5 lineup, its power consumption and thermals won't be as rampant as the high-end models. +This post is in reference to $GME but it applies to the stock market in general. Don’t let anyone tell you when you should or should not buy. Don’t let anyone tell you when you should or should not sell. It is your money and your decision. 3 weeks ago when GameStop touched back down to $40 I was talked out of going all in. It is my money and I should do what I want with it. If you decide you want to sell GameStop next time it touches $280 or $300 then sell, it is your money. Don’t listen to people here telling you that they are counting on you to hold to stick it to the hedge funds. Trading/investing is a one man game. No one here is going to support you if you go broke so don’t go broke listening to what other people tell you is the right thing to do. Good luck everyone. +Constantly people telling you each one is to the moon and not a pump and dump. Nice DDs thrown here and there. + +The whales are probably behind them all... How can you trust any of them even with nice DDs the market is fucked right now. + +I feel like the only way is to pump into legit companies and ride the waves. +Hi there, + +We can all feel the negative atmosphere in the stock market, since the beginning of the year, we've been hearing nothing but bad news. + +Now, let's try to look beyond the near term challenges. + +What are your realistic expectations for the stock market in the next 10 years? + +Will it be positive return? Negative return? Neutral? + +Which sectors will outperform and which will underperform? + +My opinion: +I can't think of a scenario where tech will NOT outperform the market. Even if interest rates hit 10% and a world war breaks out, I think tech will still be standing tall and strong. + +(Disclaimer: I'm not a financial advisor nor a professional at all.) + Anyone who spent some time studying the basics of investing knows about dollar-cost averaging. If anyone needs a refresher, here's a short analysis between lump-sum versus averaging by Vanguard: [https://investor.vanguard.com/investing/online-trading/invest-lump-sum](https://investor.vanguard.com/investing/online-trading/invest-lump-sum). + +Vanguard makes a compelling case about market timing. Assuming a retail trader can't time the market (even if you don't support EMH, it still is obvious that this is pretty darn difficult), you may believe it's simply for those who are scared of realizing losses, which is exactly the point they make. + +I would like to propose a slight tweak to the concept: instead of spreading the payments out over time, spread them out over price. You start with an initial exposure, and scale up when the market takes a hit, while scaling down to take profits during bull runs. + +Let's demonstrate why this works out. Take a random price point the SPY has reached in the past: 250 USD. How many times did it reach this point? Five times. Take another one, 270 USD: **ten times.** How about 290 USD? **Fourteen times.** But maybe that's just a recent trend. Things might've been different back when it was around 100 USD, right? Nope, **ten times it reached 100 USD.** + +I haven't conducted an elaborate backtest, but it's clear the amount of setbacks to any particular price level is rather large, just as it's clear the whole thing is positively drifting in general. + +Given that we know this, instead of investing 100% at once, consider what would happen if you invested 60% at 100 USD and invested an extra 20% for every 10% drawdown, and scaled down by 5% for every 10% increase? In other words, we scale up by double the drawdown, and realize half of our profits. + +Starting in May '68, let's say we started investing with 60 shares for a 6,000 USD position with 4K left in cash. Two months later we hit a low of 88 USD per share, meaning we now own 80 shares at roughly 7,000 USD with a little over 2K in cash. We dip to below 72 in May '70 resulting in 100 shares with 800 USD remaining in cash. We hit four profit targets on the way up to 105 USD and end up with 80 shares and 2.6K in cash for a total of 11K USD. That's already doubling our profits while significantly reducing our exposure at any given time! + +We could continue to test and demonstrate this, but the point is clear; we all know this will generate less returns in a very strong bull market, and create very strong opportunities in bear markets. We profit when bull runs are facing continous corrections, when the market goes sideways with some swings in between, and we are extremely well-protected against crashes, able to purchase lows and hold whole multiples of shares compared to when we'd just lump-sum. + +It's no coincidence the greats such as Warren Buffet hold so much of their available capital in cash and play the waiting game on crashing markets. Ask yourself: when the markets crashed by 50+% over the course of their history, did it ever correspond with a similar collapse of the global economy? Not really, jobs were lost, consumer spending took a hit, some companies went under, but at a global scale we never took a hit even in the same universe as the rate at which the market tanks during those times. + +So what's your take on this? Is this even considered "dollar-cost averaging"? Are there superior alternatives? Or would you consider / are you already applying this in your actual investment strategies? Would very much like to further my knowledge on this topic. +Good morning r/Superstonk, I hope everyone's day is off to a great start! I know we all saw the RRP number from last Friday hit almost $2 trillion! The spike at the end of the quarter is expected: + +On the last business day of each quarter, ~~banks~~ **(UPDATE banks are doing the opposite as called out by** u/OldmanRepo **in the** [comments](https://www.reddit.com/r/Superstonk/comments/rv3ggu/comment/hr3rd2p/?utm_source=share&utm_medium=web2x&context=3)**--apologies for any confusion)** Primary Dealers, Money market funds, and Government Sponsored pile into RRPs to drop cash from their balance sheets in favor of said Treasury securities for Regulatory reasons. + +However, why do these counterparties need to do this, to begin with? Simple, they are cracking under the pressure that comes from all the money this man continues to print: + +[ The funds need to invest this TSUNAMI of cash in short-term securities--enter Treasury Bills...](https://i.redd.it/x63ep6wwhh981.gif) + +However, this constant buying caused short-term Treasury yields to turn negative--ruh roh! + +That’s when the JPOW and the Fed offered to take this cash via RRPs--and pay interest at an annual rate of 0.05%. + +This had the desired effect of pushing Treasury yields back above 0% but now we see the HUGE numbers piling up in RRP as counterparties park their cash ([up to $160 billion per counterparty now](https://www.reuters.com/article/usa-fed-reverse-repo/fomc-raises-counterparty-limit-in-reverse-repos-to-160-bln-idUSL1N2QO2A3)). + +Remember, the RRP counterparties fall into four (thanks u/OldmanRepo for calling out!) groups: Primary Dealers, Money market funds, banks, and Government Sponsored (Fannie Mae, Freddie Mac, etc.). + +The Fed doesn’t disclose who borrowed what the day of (Minor correction hat tip to u/DadPunsAreBadPuns: [The Fed discloses the daily data](https://www.newyorkfed.org/markets/OMO_transaction_data.html#rrp) two years after the quarter ends) but there is an end-of-month report: + +[https:\/\/www.financialresearch.gov\/money-market-funds\/us-mmfs-repos-with-the-federal-reserve\/ ](https://preview.redd.it/vod8p23ejh981.png?width=2977&format=png&auto=webp&s=f7e433ffb8a99048f7e4374ce3b2f412cf56e185) + +# On 11/30 the top three firms totaled 40% of RRP Usage: + +* Fidelity’s funds combined had $288 billion in RRPs (19% of total RRPs) +* Vanguard in second with $165 billion (11% of total RRPs) +* Blackrock third with $155 billion (10%) +* JP Morgan used $134 billion (9.61%) +* Goldman Sachs used $95.6 billion (6.84%%) +* Morgan Stanley used $83.3 billion (6%) + +I suspect today's RRP will drop back down to the $1.5T-$1.7T range we have seen of late but wanted to take a moment to point out *why* we are seeing the jumps we are and dig into the lagging data as to who is using the RRP facilities. + +[Thanks for taking the time to stop by and read, please let me know if you have any questions or concerns, happy to try and help! Thanks and I hope everyone's new year is off to a FANTASTIC start!!!](https://i.redd.it/r9s2wuiykh981.gif) +If you weren't here in 2013, you may not know about the plethora of times exchanges get hacked or get buggy and people lose their coins. This usually happens during a rally. + +If you don't hold your private keys, you don't own your bitcoin. You have been warned. + + +**A PREFACE: DO NOT XFER OUT OF RH. THIS ADVICE IS FOR NEW BUYERS ONLY OR FOR THOSE WHO HOLD MORE THAN 5 SHARES IN RH AND WANT TO BUY MORE. ANYONE BOUGHT ON RH, DISABLE STOP LIMIT. DISABLE MARGIN, AND HOLD ON CASH.** + +Lets get this shit out of the way right now. The reality of the situation is Robinhood does NOT have the liquidity or capital to support buys any further due to their clearing house being in house and run by baling wire and dreams. Their owners have a vested interest in ensuring they don't make the collateral demanded by the DTC to move the cash required. + +So here's the fucking rub. There are two CONFIRMED brokers that will do anything in their fucking power to ensure we trade as much as we fucking want. They are... + +🚀🚀Fidelity and Vanguard🚀🚀. You want to know why? They both own millions of shares in GME, do you think they won't do whatever they absolutely can to ensure collateral is covered on GME? They are profiting hardcore off of this. We NEED to be throwing their weight behind them, they are the ONLY future we have if we need to be backing this stock as retail. + +This weekend, we need to push harder than we ever have before to educate people on this reality. Robinhood is bush league shit for processing this kind of demand, and it's time we take it to the big boys like Fidelity and Vanguard to handle the rest of this. + +**TLDR: Robinhood CANNOT SUPPORT OUR VOLUME. The ONLY brokers right now are Vanguard and Fidelity because they OWN GME SHARES. This is PERFECT for us. They will flip fucking gravity to keep us trading. PUSH ON.** + +Take this opportunity by the balls and never let go. 🚀🚀🚀🚀🚀🚀 + +USE YOUR 💎🙌 + +**THIS POST IS COPYPASTA APPROVED. SPREAD IT** +I am 13 hours into being free of consumer debt. I even overpaid one by a dollar, which I donated last night as well. + +It started in November with the revelation that I have nothing to show for my income. I've been employed for over 15 years with a career in IT, now on the doorstep of six-figures. I added up the interest on those ~20% APR cards and it infuriated me. If you carry a balance, they're charging YOU for money that isn't even useful anymore. + +I had: + +* Close to no savings + +* No house, we rent + +* $7K of Credit Cards + +* $50K in student loans + +* $600 IRS Bill + +* Some retirement/401Ks + +* A meh lifestyle even though I spent close to every dollar I earned. + + + +I started reading PF books. I think in a week I read Total Money Makeover, Financial Peace, Millionaire Next Door, and started Think and Grow Rich. I read a few other books before (Suze Orman) but they just didn't have a lot of impact on my late-20's self. This time I got serious: I have a wife and two kids with another on the way. + +The Plan and things we did. + +* Read books, blogs, /r/frugal and /r/personalfinance + +* Made an envelope budget, got back into Mint. + +* Cut cable (-$140/mo) + +* Started turning lights off when not in use. + +* Did not renew Disney Parks Annual passes (~$1000) + +* Negotiated down our cellphone bill (-$40/mo) + +* Downgraded our gym memberships (-$100/mo) + +* Started cooking about 90% of our meals, taking home leftovers from parties, ate a lot of pasta, chicken, cheap cuts of beef. + +* Acquired a taste for $2.50/bottle wine. + + + +We're positioned to split paying off student loans (will be a post two years from now) and building up a 6 month emergency fund. + + + +The most profound change over the past 5 months has been a lower key lifestyle that we've become accustomed to and kind of enjoy. We eat out and buy toys and clothes for ourselves and the kids, but not nearly as much and all on a budget. In 5 months we've also donated more money than we have in the past year - I don't know how that works, it doesn't Mathematically. Honestly, the adjustment that hurt the most was Cable TV - I did this toward the end of Football season. + + +EDIT: I still have $50k of student loans. Though the credit was small in comparison I can focus fire on the student debt now. Step-by-step that's how to methodically get out of debt. + + +EDIT: My income. Who cares? Paying off in 5 months while feeding a family stung a little at first. I threw a month of takehome pay that I will never see again at this debt. That hurts. + + +EDIT: I read books. I didn't learn anything new, didn't discover anything, my story isn't a revelation - all I did was decide to start following age-old advice echoed on this sub, /r/frugal, and every talking head in the Personal Finance industry. I'm just another guy that lived most of his adult life owing people money - been there, done that I want to know what the other way feels like. +As mentioned in other posts, there are plenty of well-earning $100k+ US SW types here. I thought, why not post a progress report from another country with higher taxes and lower salaries (Sweden). This might be more of a humblebrag post, but it could help with some perspective (it takes time, many years, to build up net worth). + +I have tracked my finances since 2001, so I have some history from both good and bad market years. The reason for this post: some people might be inspired by a journey using lower salaries, a perspective from a different country and maybe some new visualizations. + +Some basic facts, the appetizer: m36, MSc in computer engineering, working in tech (liking my job). Single with no real drive for kids (might change, of course). Renting, spending my fun money on travel and food/entertainment and want to continue on the same track. + +My gross salary has doubled during my 11 active working years, while expenses have only risen slightly. My net worth has also increased from around $27k when starting to work full-time to almost $500k today ($750k if including retirement accounts -- see below as to why I don't include them normally). + +Now, for the main course (graphs): + +First, [net income vs expenses](https://i.imgur.com/jw9Fqic.png). I think this is best visualized through a 12-month moving average. My savings rate has averaged around 42% since the start of my working days. I can live comfortably on my peak number, $2.5k/month, so this is my baseline expense number for FIRE calculations ($30k/year). Getting up to a 50% SR is difficult -- I have managed it only when having large temporary income (see graph). Still, I would echo the sentiment in this sub that a high SR is absolutely the key component and the main thing to focus on. + +Second, [assets, debt and net worth on a monthly basis](https://i.imgur.com/SRx7M6k.png). It shows the market swings but also the power of just continuing to save. More details and comments inside the graph -- 2008 was not too bad since I had limited assets at the time (and I split my savings between paying off student debt and investing), but the swings in the market from mid 2015 to early 2016 were larger due to portfolio size. On average and over time, my equity exposure has been high and increasing, and it is today at 110% (leverage). + +Third, [all assets including service pension and government pension on a yearly basis](https://i.imgur.com/t81oDXU.png). I normally don't include this in my calculations, as my pension accounts are locked and inaccessible until I turn 55 (service pension part) and 61 (government part). My goal is therefore to reach financial independence using "private financial assets" only. This also reduces my equity exposure quite a lot, which is one of the reasons why I go for 110% equities in my main private investment account. Including retirement money increases my net worth by some $250k. + +Fourth, [the past ten years and forecasts for the coming 10 years](https://i.imgur.com/YkeiRsX.png) given a fixed saving figure and different real market returns post-tax. As mentioned above, my target expense level is $30k/year in today's prices. I aim at a 3% SWR to account for taxes etc, which means that I need a nice round number of $1 million to feel financially independent. By the looks of it, if the market returns 5%/year, I will be set in 2026. As discussed on an almost daily basis, this seems optimistic given current market valuations. Let's see what happens, my time in the market has taught me that I can not reliably predict what the market will do in the coming weeks, months or years, better to just keep saving. + +Finally, [my disaster prediction](https://i.imgur.com/5d86uaL.png). This explores what would happen if we get a very major downward shock to the markets combined with me losing my job and spending three years unemployed (before getting a new job with lower salary). All assumptions are really pessimistic -- markets crashing by two thirds and then staying there for three years -- but it is an interesting little exercise. I mainly use this to check how my current cash reserve would fare in this scenario -- employment laws and agreements currently mean that I can pretty much count on getting my full salary for 12 months after being given notice, so I only hold 3 months worth of expenses in cash, and in a disaster scenario would build up my cash position. More details in graph. + +Hopefully this might inspire someone. All this being said, I currently don't aim to RE -- but I am quite interested in reaching FI. What strikes me is how extremely good the past five years have been, and good things seldom last... + +TL;DR: Got an education, saved money, invested in stocks, on track to reach FI in my 40s. Let me know if there are any questions! +It’s a long story but between a bout of depression and a fruitless decisions to study a course that I just ended up dropping (crisis counselling and I realised it’s too emotionally intense for me) as well as rising costs of living I’ve ended up unemployed, Centrelink doesn’t cover the cost of rent and I don’t really have any prospects lined up or contacts to help get my foot in any door. + +Do you guys have any advice for things I could try in the short term? + +I have a marketing degree and some industry experience from before covid but don’t remember anything practical so I’m feeling pretty rusty and unconfident there but I’m at the stage where I’m willing to hide that in interviews and say whatever I must to land something. My main skills are of the soft variety - I consider myself creative, a strong writer, and to a lesser degree speaker. I don’t like marketing hence why I studied in another field but it’s probably the area I have the best chance of landing a decent job in. + +I feel that my resume isn’t too shabby but I haven’t had any luck with SEEK or Indeed - in fact I’m not even sure my applications are seen with human eyes. + +I don’t know how I let things get this dire but the reality has just hit me like a freight train. + +So any advice is appreciated :) + +Edit thanks for all the suggestions I’ll read through them all soon - I should’ve mention though that whilst I’d be willing to do almost anything in the short term I had a pretty serious shoulder and lower back injury recently so really physically challenging work might be a bit risky +[https://www.afr.com/policy/tax-and-super/new-expat-tax-rules-would-have-really-harsh-outcomes-20210514-p57s0i](https://www.afr.com/policy/tax-and-super/new-expat-tax-rules-would-have-really-harsh-outcomes-20210514-p57s0i) + +This is surely not going to pass - is it? + +There's a huge number of expats who will qualify, simply by virtue of being a citizen & having one rental property (that's 2/4 boxes ticked). + +45 days in a calendar year is outrageous. What if we have to spend a couple of months to support one of a sick parent or some other compassionate reason? + +Other modern countries have a "substantial presence" type of test, that allows some flexibility. Maybe you spend a little bit more time this trip but the next ones need to be short etc. +So many stupid people saying But ethereum cant be worth more than apple blah blah etc. They are stupid. compare cryptos to the total amount of currency in the world. 100+ trillion or however much there is, its hard to get an accurate figure. +Let's please try to elevate the discussion...... I'm not saying we can't celebrate but as we have more and more people joining this thread let's give them more substance than just HODL, Moon, Lambos and flippening.. if we can't take our selves seriously how can we expect people to take this seriously. + +I'm trying to appeal to your higher intellect and urge you to consider before posting. Is this adding any value? If someone new to ether is reading this what will they gather from this post? How does this help our cause? + +Again I'm not saying we can't celebrate but let's save those celebrations for the significant mile stones.. not every time we recover from a correction. It makes it look like we our selves don't believe enough.. I leave you with quote "the loudest one in the room is the weakest one in the room" - Frank Lucas +Earlier today Carl stepped down as the top moderator of EthTrader. Carl created this subreddit and spent years working hard making it everything it is today. Because of Carl we have this wonderful space to watch Ethereum grow together. + +The spirit of the subreddit has grown along with our users (and the price of ETH!) over the years, and Carl is in large part to thank for that because he never tried imposing his will onto the subreddit in terms of rules or censorship. I think that's rare for a subreddit leader these days, and so I can't thank Carl enough for creating this awesome place, and for the years of pleasure moding along side you! +Earlier today Carl stepped down as the top moderator of EthTrader. Carl created this subreddit and spent years working hard making it everything it is today. Because of Carl we have this wonderful space to watch Ethereum grow together. + +The spirit of the subreddit has grown along with our users (and the price of ETH!) over the years, and Carl is in large part to thank for that because he never tried imposing his will onto the subreddit in terms of rules or censorship. I think that's rare for a subreddit leader these days, and so I can't thank Carl enough for creating this awesome place, and for the years of pleasure moding along side you! +I often read lists of tips and other best practices in the Bitcoin world, but I thought it would be interesting to share the worst Bitcoin advice you may have received throughout your adventure in this incredible monetary revolution. +The coin with the worst tokenomics in the history of crypto. 1% airdropped, 50% to the team, rest sold to VC’s who recently were able to dump their coins. + +These early investors bought anywhere from as little as 3 cents to around 5$ per coin, currently trading at $67. Every month new supply gets unlocked, increasing sell pressure. The coin itself doesn’t even sound that bad judging from reading about their tech, it’s just the distribution that’s disgusting. Sad to see a decent project getting ruined by greed. I would expect the project to keep dipping just because it didn’t really proof itself and the vast amount of VC’s still being up dozens of “x”s. + +Edit: the ATH used is 700$ from CoinGecko, on some exchanges it’s lower and some way higher like on Binance (2800$). 700$ had decent volume, so imo that’s the correct ATH. +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +I am genuinely wondering if getting my Canadian market exposure through owning shares of a bank is relatively equivalent to owning a market ETF. I compared TD with XIU and the 5 year performance is relatively similar. NA and QXM also correlate relatively closely. + +It might be a weird investment thesis, but banks have a lot of diversification and you are tapping more directly into the economy itself rather than just the market. This mostly comes from me trying to plan my RRSP around Canadian and Quebec based investments with some exposure to the US market through an SP500 fund. + +I don't like the Canadian indexes because they are heavily weighted in assets I don't like and I am dubious of the diversification in the Canadian market. The Quebec index is more to my liking but the etf is extremely low volume and the diversification isn't quite there either. + +So oddly enough I think owning bought TD and NA kind of fits my investment objectives. They outperform the indexes slightly and have better yields. I'm curious what people think. Is owning a bank a better balance of diversification than owning a market index? +I have $10k CAD ready to deploy on a USD ETF. The plan is to eventually invest $15k in 2 USD ETFs, but I currently have $5k CAD wrapped up in O/G. + +Would it be worth my time/money to do 1 now for $10k, and another who knows when in the future for the other $5k, or does it make sense to wait until all $15k is available? + +Thanks for any help here. This would be my first time doing Norbert's Gambit. I'll be using Questrade. +I have over 20k in cash in my TFSA right now and about 13k invested in RY, TD, BEP and GOOGL. I plan on holding all 4 for a very long time. + +My RSP has around 55k invested in index funds and a few specific like.... industry ETFs. + +I was holding so much cash because my wife and I just moved and I wanted to have some money handy if we needed it. My work is going great and I have been watching the market for some opportunities. We're settled, good for money, and I think this is a good time to invest. + +I've always been a big fan of marijuana. I just do not like the idea of betting on one company. + +The yield for the ETF is huge, I understand it can decrease, I also understand the price can drop dramatically in the short term but the future is definitely bright for marijuana. I have years to hold this thing to turn a profit and the money to invest. + +I would be interested to hear what people think of making this move right now based on my situation. I believe in the product and I'm willing to hold for a long time if the price happens to drop a lot, I would probably just average down if it did. +Not so sure Poloz can keep rates flat for long. Very intesting setup with the bond market betting on U.S side rate cuts. That would mean a higher Canadian dollar. Thoughts? + +BNN video about the housing starts: [https://www.bnnbloomberg.ca/canadian-housing-starts-surge-25-on-coast-to-coast-increase-1.1284417](https://www.bnnbloomberg.ca/canadian-housing-starts-surge-25-on-coast-to-coast-increase-1.1284417) +I wanted to discuss with everybody what you would choose if you were to purchase ONLY 5 Canadian dividend stocks and why? Would love some insight from the group, as I am a long-term investor and can tolerate whatever cycle the economy will be in now, a year or ten years out. I am also interested in diversification and companies with a long history of increasing dividends and with sustainable payout ratios. + +My choices: + +1. TD +Best Canadian bank IMO and love the American exposure. Will likely be biggest Canadian publicly traded bank and stock soon. + +2. NTR +With increasing global population, comes need for better fertilizer and agriculture uses. + +3. FTS +Diversified utility, with exposure outside Canada. Also dividend aristocrat. + +4. CNR +I don’t see a future in my lifetime, where train delivery will be obsolete. + +5. T +Out of all the three big telecoms, this one has reputation for best customer service. I don’t foresee government getting too involved in telecom industry tbh. + +Thanks for reading and your insight is appreciated. I do half index investing and half active. While I appreciate the ‘buy and hold VGRO’ logic, I’m more interested in active investing with this post. +Buy land. They’re not making any more of it. + +The same might be said for oil pipelines, especially big projects. Every major oil pipeline proposal in recent years has been blocked, except for Trans Mountain – and that’s only going ahead in the face of fierce opposition because the government of Canada owns it. + +Northern Gateway, Energy East, Keystone XL – all are now tombstones in the growing pipeline cemetery. + +Even replacement lines face fierce pushback from environmentalists. Michigan wants to shut down Enbridge’s Line 5, which transports 540,000 barrels a day of light crude and natural gas liquids to Ontario, Quebec, Michigan and Ohio from the West. Why? Because the line passes under the Straits of Mackinac and there are concerns a major rupture would pollute the Great Lakes. That’s a possibility, but a slim one. Line 5 has been operating since 1953 without a single leak within that section (although there have been some elsewhere in the system). Enbridge also plans to invest $500-million to build a tunnel that will encase and further protect the line. + +Enbridge’s replacement Line 3, which runs to Superior, Wisc., from Edmonton has also faced legal challenges and protests every step of the way, even though the original line has been operating since the 1960s. + +All this opposition makes existing pipelines that much more valuable, which explains why Brookfield Infrastructure Partners LP has fought hard to gain control of Inter Pipeline Ltd. Shareholders have so far failed to ratify the deal but it’s expected to go through. + +Any oil pipelines being built today in Canada are mostly small, under-the-radar ventures compared with the multibillion-dollar cancelled projects. + +Like the dinosaurs, the pipeline industry may eventually be doomed, at least as conduits of hydrocarbons. But that’s a long way in the future. + +For now, the industry is reporting decent profits and offers attractive yields for investors. Let’s look at three companies. + +TC Energy Inc. (TRP-T) +Background: TC Energy is one of North America’s major pipeline companies, with 92,600 kilometres of natural gas pipelines and 4,900 km of oil pipelines. It also owns or has interests in 10 power-generation facilities with combined capacity of approximately 6,000 megawatts. + +Performance: The stock hit a year-to-date high of almost $65 in June, but has pulled back since. However, it is still ahead by about 20 per cent so far this year. + +Recent developments: The company reported a drop in second-quarter net income per share to $1 from $1.36, but excluding certain items “not reflective of our underlying operations,” it reported earnings of $1-billion ($1.07 a share) compared with $863-million (92 cents) in 2020. The company said per-share results reflect the impact of common shares issued for the acquisition of TC PipeLines LP in the first quarter of 2021. + +Pipeline news: The company’s major Canadian project is Coastal GasLink in British Columbia. Work was suspended over the winter because of COVID-related restrictions, but has now resumed. However, the company anticipates that the delays and disputes with LNG Canada will increase costs, which in turn will drive up the prices charged to end users. There are also several projects in the U.S. and Mexico in various stages of development. + +Dividend: The stock pays a quarterly dividend of 87 cents a share ($3.48 a year) to yield 5.7 per cent at the current price. + +Outlook: The company has a $21-billion secured capital program under way and has assets to invest in new opportunities. + + +Enbridge Ltd. (ENB-T) +Background: Enbridge Inc. is one of the largest energy infrastructure companies in North America. It operates an extensive network of crude oil, liquids and natural gas pipelines, and is also involved in regulated natural gas distribution utilities and renewable power generation. + +Performance: It’s a choppy chart, but the stock has gradually been moving higher this year and recently briefly topped $50. The stock is ahead about 25 per cent in 2021. + +Recent developments: Enbridge reported a decent second quarter. Generally accepted accounting principles, or GAAP, earnings attributable to common shareholders were about $1.4-billion (69 cents a share), down from $1.6 billion (82 cents) in the same period last year. The company said the period-over-period comparability of GAAP earnings was affected by certain “unusual, infrequent factors or other non-operating factors.” + +Adjusted earnings were up, coming in at $1.4-billion (67 cents), compared with $1.1-billion (56 cents) last year. Cash provided by operating activities was $2.2-billion, compared with $2.4 billion in 2020. Distributable cash flow, or DCF, was $2.5-billion ($1.24), compared with $2.4-billion ($1.21). + +Enbridge reaffirmed 2021 full-year guidance range of earnings before interest, taxes, depreciation and amortization, or EBITDA, of $13.9-billion to $14.3-billion and DCF per share of $4.70 to $5. + +Pipeline news: While the future of Line 5 remains in court-ordered mediation, the company says work is proceeding on finishing the last leg of Line 3 replacement and expects it to be in service in the fourth quarter. + +Enbridge is also working on two new pipelines within British Columbia, the $1-billion T-South Reliability and Expansion Program and $500-million Spruce Ridge Program. Combined, these two projects will increase the capacity of the B.C. pipeline system by approximately 590 million cubic feet a day to meet growing regional demand in the province and the U.S. Pacific Northwest through a combination of compressor station upgrades and the addition of two new pipeline segments. + +Dividend: The stock pays a quarterly dividend of 8.35 cents a share ($3.34 a year) to yield 6.7 per cent at the current price. + +Outlook: “Our performance in the first half of 2021 has set us up well for the full year,” chief executive officer Al Monaco said. “We’re on track to bring $10-billion of projects into service this year and we’re reaffirming our full-year 2021 financial guidance. Our secured growth execution and embedded asset growth gives us confidence that we’ll generate 5-7 per cent distributable cash flow growth through 2023.” + +Pembina Pipeline Corp. (PPL-T) +Background: Pembina owns pipelines that transport hydrocarbon liquids and natural gas products produced primarily in Western Canada. It also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. + +Performance: Again, it’s a choppy chart, but the trend line this year is up and the shares are trading at close to their 52-week high. The shares have gained more than 35 per cent this year. + +Recent developments: Second-quarter results released last week showed a year-over-year increase in revenue but a slight drop in profit. + +The company said volumes across Pembina’s pipeline systems and facilities continued to rise, reflecting the impact of higher commodity prices and strong Western Canadian Sedimentary Basin fundamentals. + +Earnings were almost flat from a year ago. The company reported second-quarter profit of $254-million (39 cents) compared with $258-million (40 cents) last year. + +Pipeline news: The headline story this year is the collapse of the friendly takeover deal with Inter Pipeline in the face of an aggressive hostile takeover bid by Brookfield Infrastructure Partners. The Brookfield takeover has yet to be approved by Inter shareholders, but assuming it is, Pembina will walk away from the deal with a break fee of $350-million. + +And the company is still forging ahead on other fronts. So far this year, it has placed more than $400-million worth of new projects into service. It has also restarted work on reactivating the previously deferred Phase IX of the Peace Pipeline expansion, which will add capacity in northwest Alberta to the Gordondale, Alta., corridor to accommodate increased activity in the Montney play. The cost is $120-million. + +Dividend: Despite fears of a cut, Pembina has kept its monthly dividend at 21 cents throughout the pandemic. At $2.52 a year, the stock was yielding a lofty 9.5 per cent in early March, 2020. The increase in the share price has cut that back to 6.3 per cent, but that’s still attractive. + +Outlook: The company updated its 2021 adjusted EBITDA guidance range by raising the low end. Adjusted EBITDA is now expected to be $3.3-billion to $3.4-billion. + +All three companies are in good financial shape and offer above-average yields. If you’re not averse to owning shares in a pipeline business and are looking for cash flow, check them out. + +https://www.theglobeandmail.com/investing/markets/inside-the-market/article-gordon-pape-the-case-for-buying-canadian-pipeline-stocks/ +I see a lot of people saying, max your TFSA out before your RRSP? + +&#x200B; + +I don't see why? I guess it's there if needed, easier to get, but you also miss the tax refund on it? + +&#x200B; + +Presently I have + +RRSP Room $37,245.00 Less the $2500 I've put in it this year so far. + +&#x200B; + +TFSA Room $63,450.00 + +&#x200B; + +I also have 230k in my pension plan presently. + +&#x200B; + +Could someone help. Please + +&#x200B; + +EDIT: + +Thanks for the answers and explanation. The make the same or more when retired then now makes perfect sense and answers that for me. Also as to why higher income RRSP makes more sense. +This is my fourth yearly update on my FIRE journey after reaching 100k 3 years ago. You can read the previous posts below: + +1. [Three years ago: I hit 100k of invested assets](https://www.reddit.com/r/financialindependence/comments/261kp3/major_personal_milestone_achieved_this_week/) + +2. [Two years ago: I posted my first update](https://www.reddit.com/r/financialindependence/comments/36jg7u/one_year_after_100k_update/) + +3. [Last year: I posted another update](https://www.reddit.com/r/financialindependence/comments/4jt2d2/two_years_after_100k_update_2/) + + +So here’s my update for this year. + +33, Married, DINK + +[Mint Snapshot and Net Worth](http://imgur.com/a/q1rny) + + +I would still like to retire from full time corporate work before I turn 36, although a lot changed this year so I need to let things settle down and re-draw my trend lines. I'm happy with some of the big changes we've made but it's hard to quantify them just yet. + + + +**Total Net Worth** = $0 without my newly purchased home equity. Last month I actually dipped below $0 for the first time in my life! (The net worth chart has lots of Mint.com errors) Zillow has the new house "zestimated" at $495k, I bought it for $472k and it was appraised for $505k by the bank. We sold our condo and used the equity + some savings to put 20% down on the house and the mortgage just about counter balances my 'stache so far. + +**FI Goal** = I'm still targeting $500k as a mental relaxation point. But it's becoming clear that we are not a LeanFIRE couple. I think we'll probably call ourselves FIRE once we've got over $1M in income producing assets. We are hoping to do the short-term rental thing in the extra bedrooms of our new home, so if that covers the mortgage I may not require paying off the house as a condition of FIRE. RIght now, mint estimates that we are 1 year away from that 500k mark, but the new house and short-term rental business will have large unknown effects on our ability to hit that goal. + +**Debts** = 385k mortgage @4.275%, monthly expenses on credit cards paid in full each month. + +**Income** = 130k/yr + wife's income (~55k/yr) + gifts from family. We both got new jobs this year. Both at much smaller companies. Mine garnered me a $30k bump in salary and my wife's was close to a lateral move but with much more opportunity for growth. I'm very proud of her for stretching outside her comfort zone and daring to find she's more than competent in lots of new areas like IT, sales, customer support and start up culture. + +**Expenses** = Our budget is hard to estimate right now. When we sold the condo we had to rent for a while and so we're now paying both rent AND mortgage. Our mortgage is about $1k more than our rent and we were renting with about $4k/month budget. So It stands to reason that we will have a $5k/month budget once we are fully moved into the house and off our lease (August). Half of that is mortgage. The other $2500 will surely be compressed, but we'll have the additional costs of homeownership (and hopefully small businesship as well) + +Despite our budget creep we have still been able to keep hitting a 60%-65% savings rate. + +**Other Details** + +*We sold our condo in Nov for 95k. It would have been a nice place to keep, but the culture and future planning was getting so toxic that it was affecting our happiness. I was very involved with the Board of Directors and I kinda woke up and said "why am I working so hard for these people? I don't even like them". So we sold! Originally had a contract for $105k, but it was cancelled. We bought for $79k so I'm happy to have covered a closing costs for buying and selling. We didn't find a new place to buy until March (even though we were looking long before the Nov. condo sale) so we ended up renting for a year. I dubbed it our "vacation year". We paid more than we needed to to get over the stress of the condo. I haven't regretted it, even though we could have saved more with a cheaper place. + +*My meet-up group has been making a ton of power moves lately. People are getting big raises, buying investment properties, sharing lots of good intel with eachother. It's awesome. I'm so glad I shared my plans with people and started this chain reaction in my social circles! + +*Last year I talked about going in on a community house with these people. Well that proved too difficult to negotiate so the wife and I are making our own community house. We just needed to find a property that was a sound financial choice for us if no one ended up joining us and I think we've done that. We'll be able to rent at least 3 bedrooms out on short-term rental but if anyone wants to visit or use them we'll be able to clear them out for our own use pretty easily (unlike long term renters). This will definitely be the most interesting part of my update next year. Worst case scenario is that wife and I will live in a WAY TOO BIG house in a great location that will hopefully hold it's value. So I think we are pretty well insulated from disaster. + +Please give me all your criticism and questions! That’s why I keep posting these. Thank you all for the inspiration! If I forgot anything, please just ask and I'll add it to the OP. + +GLTA! + +********************* + +**EDIT:** + +Here's my AA for those interested + + +* Bonds------------------40.00% (VBILX) +* S&P 500----------------10.00% (VFIAX) +* Small Cap US----------10.00% (VSIAX) +* Emerging Mrkt---------10.00% (VEMAX) +* REIT--------------------10.00% (VGSLX) +* Precious Metal---------10.00% (VGPMX) +* International Large----10.00% (VTIAX) + +I chose it because I don't mind tracking differently than my "mostly S&P" peers and this portfolio seems like it will do well enough over a large range of scenarios. + +Here's some back testing that helped convince me: + +[Here is some back-testing for a very similar portfolio](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&IntlStockMarket3=10&IntlStockMarket2=30&portfolio3=Custom&portfolio2=Custom&portfolio1=Custom&annualOperation=0&TotalStockMarket3=10&TotalStockMarket2=50&TotalStockMarket1=100&initialAmount=100000&EmergingMarket3=10&endYear=2014&mode=2&inflationAdjusted=true&SmallCapValue3=10&annualAdjustment=10000&startYear=1972&PreciousMetals3=10&rebalanceType=1&annualPercentage=30000.0&LongTermBond2=20&LongTermBond3=40&REIT3=10) + +**For 1985-2014** + +CAGR = 11.69% + +SD = 11.74% + +Worst Year = -16.90% + + +My Annual Rate of Return for the last 12 months was 7.8% according to Vanguard. So considerably less than an S&P heavy portfolio. + +****************** + +**EDIT 2:** I am really shocked at how negative this post has been. I looked through the last three to make sure I wasn't fooling myself and there are mostly positive comments, questions and insights. I don't know if this is how it gets when you get further along in your wealth accumulation, or if I just put people off with my writing, or if this community is just running its course and becoming like the rest of the internet. + +I've really gotten a lot out of r/FI and I'm glad it exists. However, right now, I really don't feel like I'll be continuing these posts. They are meant to inspire while simultaneously crowdsourcing critiques and tips for me. But I don't really see much of either of those things going on here. + + +****************** + + +I'm currently 19 years old and I can contribute up to $2000/month to my portfolio. I am not using the monthly dividend as income. I am thinking of using high dividend yields such as QYLD, DIVO, NUSI, and JEPI and reinvesting all the dividends into SCHD. + +I have not decided on the weights of each ETF but feedback on if I investing in this way is okay :) + +Please let me know what you think and feedback is much appreciated about this investment strategy + +&#x200B; + +Thanks! +O Realty is only up 9.8% in one year and performing weakly the past few months. At under 4% dividend, do you guys see a reason to keep my shares? I have other investments doing wayyyyyy better. Thx. +Hi there! somewhat new to investing (little under a year). I have learned alot from this sub and YouTube as well as general article reading. My thoughts at this time is that I may be invested in too many ETFs and the fees may come back to bite me one of these days. I currently use M1 finance and with the pie I made ETFs make up 50% of my portfolio. Inside of the 50% are the ETFs. + +SCHD 25% +VYM 25% +SPYD 25% +VIG 25% + +Should I consolidate into fewer ETFs? My ROTH IRA (I always max out first of the year) consists of VXUS AND VTI so that's why I did not choose either of those. My original Idea was that I was looking to generate some divvys now for drip and some growth as well. Rest of my portfolio is 25% REITs (mostly O) and 25% stocks of my choosing ( MO, AFL, ABBV, JNJ, etc). Thanks for reading and you advice. + +P.s. dont roast me I'm learning haha +Hello guys! Just to quickly ask you your opinion in this month of October that everything is slowly going up from the bad start of the year, would you say invest a lump sum or weekly payments would be better? For the long term on Vusa or IShares. + +Eu/Uk here. +So I follow a Discord dividend server, and there is often talk about QYLD, which is an ETF of a fund that does covered calls on Nasdaq 100 stocks. It's got a crazy 10% yield, for about twenty some dollars a share. Anyone have any thoughts about it? Just trying to get some opinions on it as I continue to research. + +Good hunting, all! +By doing some research on dividends, I have came to the following: + +Hello Reddit, as the title states I want to begin my dividend journey and continue to snowball as a means of passive income in the foreseeable future. Currently have £1050 invested and will invest a further 20% of my paycheck into stocks as I continue to work. The decision behind my investment in these holdings were based on YouTube and this subreddit. + + +Current Holdings; + + AAPL £50 + + MMM £50 + + T £50 + + KO £50 + + JNJ £50 + + JPM £50 + + NEE £50 + + PEP £50 + + PG £50 + + O £50 + + STOR £50 + + WM £50 + +ETF’s currently invested in: + +INRG £50 + +UKDV £50 + +VFEM £50 + +VUSA £300 + +Okay, so I have now begun my journey and it sounds great? But then I did further research and people basically say, Dividends are not that good due to a certain tax rate once you exceed the ISA Limit, Crypto is the future, Real Estate cash flows are more stable, Dividends are only worthy if you have a large amount of capital (500k) and should only be invested in if you intend to live off them. Furthermore, other investment opportunities such as individual growth stock are more valuable if you have low levels of capital. + +In conclusion, what is your opinion on dividend stocks? How old are you and how much do you have invested? + +Thank You +Can someone please explain very simply is it bad to have a high yield? + +I see most investors and suggestions recommend companies like Coke Cola, KO with a dividend of 3.31% and other companies with dividends of 2.5-3.5%. + +I’m looking at AT&T, T with a 7.40% dividend yield. I just don’t understand if and why it’s bad to have anything that high? + +Many thanks everyone. +Some background info: 24M engaged 25M, both graduated working professionals for 2.5 years. + +This has been a big year, we have moved in together gotten engaged and have started to finally see some reduce in expenses (double rent, groceries etc) and thus increase with savings. + +Even though we are able to save more I feel most of this money has been earmarked for a near future expense. + +Most of these expenses I feel are rare or only ever happen once. So this is what we have done/started saving for this year: +-paid off student loans ~25k (about 7k this year) +- bought a house/ stuff for house +- wedding ~10k started saving for +- new to us car ~15 k started saving for (not once in a life time but rare enough) + +Luckily during this time we have not sacrificed our retirement savings, but we could have been saving a good amount more in those accounts. + +My question is: when you are getting started in life are there more of these one off expenses, so once these are done you have more money to save in retirement? Or is it one of those things that you have to watch carefully because as you age you simply just rationalize saving for something else? + +I'd love to hear your stories and if there are some items I'm not aware of yet , note probably no kids in future. + +TL;dr when younger do you have more one off life expenses? + + +Hi + +I hope this is the correct place to post to ask for a little knowledge. + +Me and my now ex recently moved (late September) and yesterday she dumped me , that soon Into a mortgage what are the options ? + +As she sold hers all the details and letters etc went to her and she’s told me of the 14.5k I gave her for my shares that £8430 was used and after other things we went halves on she gave me £1800 back . + +We also have a declaration of trust which states if the house is sold we each are to get what the solicitors have used of our capitol , ie mine is £8430 and the rest is hers for the deposit. + +Does this effectively mean that if the bank says she can afford the mortgage solo that if she gives me what I put into that mortgage then we’re a clean split ? + +Thanks in advance + +Thanks for all the necessary replies , I will have to see what she says really this coming Saturday to see how to play it thankyou again +So sister has had 3 main jobs all insurance. +The first job has just put in a reference saying that they wouldn’t take her on again, she is a bad time keeper and complains about her job. +She has never been late for her job, or has she complained. + +She got took on by the second job, worked out well but she got offered more money in the third job so she quit and went to the third one. She has been doing well there until they got this reference. + +She has called up the first work to ask about the reference and he just said things like “it wasn’t the worst reference” + +She owes money on a car so she needs to be earning soon. + +Is there any major things that she should do right away? In terms of getting her job back, maybe getting a new one or by earning money? We are signing up to the job seekers allowance as we speak. + +Thank you in advance! +Hi, I only recently started paying into a work place pension where I’m matched up to 5.5%. + +I’ve paid a total of £305.55 into this in the last 5 months. My work will have paid in the same. + +I logged in to my account for the first time today and saw that my total pension value is £114.91 + +This doesn’t make sense to me. I invest myself so am aware that my fund could have taken a hit. But by this much? I expected to see over 500. Does it take months for this to be invested into my pension? +Hello + +I will have around £65-£70k saved at the end of this year and will be looking to purchase a property without a mortgage (Yorkshire, Lancashire, potentially Scotland if the property is nice enough) around February - March 2020. I am wondering how much will I need to put to the side for lawyer fees, insurance, having someone come and do a valuation etc. + +Cheers + +&#x200B; +So my mother is remarrying after becoming widowed a few years ago. My father was quite wealthy and was the primary earner in the relationship. His total assets come up to around £5m in today's money. He left his assets to my mother in his will however always told me and my sister that if my mother remarried, he'd want her to take £1m for herself and then leave the rest to myself and my sister. + +His rationale was he wouldn't want this new man to benefit from his wealth and a lot of his wealth was inherited. + +Now my mother is reluctant to depart with the money for a number of personal reasons, none of which I hold against her and seems to think that in the event that they had a divorce or she died, he wouldn't be able to take any of that money. I'm less convinced. I'm not fussed about the money, but I would like to make sure my father's wishes are kept. What advice do you have for people in my situation? +Hey folks, bought 2000 shares of HighTide today. Its now my 6th weed stock in my portfolio. Cant wait to see the legalization and the banking bill coming up. + +Hope the politicians in DC will do it quick before the end of the year. + +Cheers from Berlin-Germany. +This is a smooth brain version of why DRS is so effective.... + +All the real shares are held in the vaults by "Cede and Co..." So they are the only one who have access to the real shares. + +[Cede technically owns substantially all of the publicly issued stock in the United States.\[2\] Thus, investors do not themselves hold direct property rights in stock, but rather have contractual rights that are part of a chain of contractual rights involving Cede.\[3\]](https://preview.redd.it/rhebj0byp1q81.png?width=400&format=png&auto=webp&s=2ae7b5ab7e0daf362f2af5d00f176f1027e1c6f1) + +Cede and Co Wiki: [https://en.wikipedia.org/wiki/Cede\_and\_Company](https://en.wikipedia.org/wiki/Cede_and_Company) + +Because **ALL** of the shares are locked up, they are the only party who can verify shares traded vs real shares. + +Rather than go and get you a real share, you get a fake share... This way, they can sell many more shares than actually exist... + +When Apes go and DRS a GME... its like they have to get a real share and give it to Computershare, to put in your name. + +So before the DRS awakening, the DTCC has all of the shares on record, now RC and APES probably have close to 20 million shares DRS. + +Eventually there will be less and less shares for them to do their Fuckery... eventually its going to work.... And in response to that post we all know.... Its been less than a year of DRS... who cares... it doesnt have to get 100 pct for MOASS.... + +I actually dont think DTCC would ever let it get to 100 pct DRS - because then its crime 100 pct. The more Apes DRS the more wild it gets. + +So they still have the same amount of fake shares, but when the time comes to deliver, they are going to have a lot less real shares to deliver and thats when the price should go up... + +Anyone pitching that "DRS" is too slow is probably got another motive. If we DRS the float tomorrow its MOASS 100 pct - so why not??? + +(this is a smoove brain edit.... theres more to it and Cede and Co don't deliver the share but deliver it on record) + +&#x200B; + +https://preview.redd.it/nomllwfym1q81.png?width=733&format=png&auto=webp&s=e2c231ce10409eee30a6261162bdd1a24453ca57 + +P.S The pirate are taking the GOLD back... +Hi All. Im recently coming into money from my grandparents passing. its absolutely not enough to retire off of, but enough to where I feel like I can set it up and let it sit until I retire in 45 years and my family will be set. I am 25 and I have very little personal debt (with the addition of my brand new car, plus credit cards, student loans, and everything else I’m in total debt of about 25,000$) which I would like to keep paying off as I have been to continue to build credit, and I also have money set aside from my father passing away thats for my future children’s education, buying a family home, etc. +I currently have a great job that pays me about 70k a year, but soon will no longer be able to work for the next two years because I’m finishing up my double bachelors. Part of me wants to put it away and part wants to use some of it to partially live off of for the next few years. +Im also having mixed feelings about hiring a financial planner as I have heard from multiple people that many of them felt like using one was a waste of money and they “all tell you the same thing about the three buckets.” + +would I be better sticking half in the stock market and the other half in an Roth? or should I continue to just search for a reputable wealth advisor? +I am a single 26 year old (f) with 2 main goals - +1. Buy a home +2. Financial freedom/dividend income + +Home is the more pressing priority as I currently live w my parents (no rent) but there is no pressure now to leave this year or next. + +I will make about $41k/year, have 3-6 months emergency fund saved ($6k), $42k in 401k, $15k in Roth IRA (w/ $6k set aside already for next years contribution), $10k in investments, no debt, I own my car but it is older & I am expecting to either eventually have some big repairs or will need to buy new car (not sure how to estimate cost on this besides very rough estimates bc of the price of cars right now/not sure when my current car is going to die, if it will be next year or in like 3 years so help with this would also be appreciated) + +With each paycheck (after 401k contribution) I set aside $ for the down payment/home savings (house goal) & my investments (dividend income goal). My question is how would y’all balance both goals? A 50/50 split would mean I could not afford a home for at least several years (I am trying to increase my income but no guarantee when or how much I will succeed there), but I also can’t fathom not putting at least $100 towards my investments each paycheck. I am also hoping to get my portfolio to where I have monthly dividend income (right now I utilize the dividend reinvestment plan so I’m not pulling any $ out) that I could use for home maintenance/property taxes/etc. + +I was thinking maybe an 80 (house)/ 20 (investments) split? Especially because I’m hoping my dividends will eventually help me take care of my home. And would you all adjust that based off the market at the time, for example more $ towards investments when the market is down? + +Sorry for the lengthy post. Thanks in advance for the help!! +So what happened was - I sold my house because I'm getting divorced. My portion of the house sale was $100,000 dollars and I have 94k in debt (credit cards, auto loans) that if I were to pay off in full would leave me with about 6k or so leftover to move and start my new life. + +I'd love some advice as to whether I should I pay off all of my debt now or only a portion of it? I really want to be debt free but I also don't want to be without any money saved up. I will need to have money available to move myself and set up a new place on my own. + +Thanks in advance for any and all advice given. + +Update: +I met with a financial advisor from Fidelity (provided by my job) who gave me their suggestion of saving enough for 3-6 months of expenses and to pay off my high interest debts. In my case, that means paying off $50,111.75 in credit card debt but keeping the auto loans and any zero interest installment loans. Without knowing what I'll have to pay in alimony and child support yet, I can plan to keep 40k in a savings account and start over with what's left. + +And to address a lot of the comments - I recognize that the reason for the debt was because I overspent and made expensive mistakes and kept myself in a circle of debt and anxiety/depression. I'm committed to doing things differently and setting the proper example for my daughter. I'm thankful to be able to read through the subreddit and gather up information and ask for your help and suggestions - thanks again! +Hi All. Im recently coming into money from my grandparents passing. its absolutely not enough to retire off of, but enough to where I feel like I can set it up and let it sit until I retire in 45 years and my family will be set. I am 25 and I have very little personal debt (with the addition of my brand new car, plus credit cards, student loans, and everything else I’m in total debt of about 25,000$) which I would like to keep paying off as I have been to continue to build credit, and I also have money set aside from my father passing away thats for my future children’s education, buying a family home, etc. +I currently have a great job that pays me about 70k a year, but soon will no longer be able to work for the next two years because I’m finishing up my double bachelors. Part of me wants to put it away and part wants to use some of it to partially live off of for the next few years. +Im also having mixed feelings about hiring a financial planner as I have heard from multiple people that many of them felt like using one was a waste of money and they “all tell you the same thing about the three buckets.” + +would I be better sticking half in the stock market and the other half in an Roth? or should I continue to just search for a reputable wealth advisor? +"In November 2018, the National Bureau of Economic Research published a paper called “Saving Regret”. Once you wade through the study's academic language, there's some interesting stuff here about why people do and don't save for retirement. + +&#x200B; + +"Saving regret, the authors say, is “the wish in hindsight to have saved more earlier in life”. + +&#x200B; + +"But what causes saving regret in the first place? Why don't people save more? Let's take a look at what the study found." + +&#x200B; + +[https://www.getrichslowly.org/saving-regret/](https://www.getrichslowly.org/saving-regret/) +I am a single 26 year old (f) with 2 main goals - +1. Buy a home +2. Financial freedom/dividend income + +Home is the more pressing priority as I currently live w my parents (no rent) but there is no pressure now to leave this year or next. + +I will make about $41k/year, have 3-6 months emergency fund saved ($6k), $42k in 401k, $15k in Roth IRA (w/ $6k set aside already for next years contribution), $10k in investments, no debt, I own my car but it is older & I am expecting to either eventually have some big repairs or will need to buy new car (not sure how to estimate cost on this besides very rough estimates bc of the price of cars right now/not sure when my current car is going to die, if it will be next year or in like 3 years so help with this would also be appreciated) + +With each paycheck (after 401k contribution) I set aside $ for the down payment/home savings (house goal) & my investments (dividend income goal). My question is how would y’all balance both goals? A 50/50 split would mean I could not afford a home for at least several years (I am trying to increase my income but no guarantee when or how much I will succeed there), but I also can’t fathom not putting at least $100 towards my investments each paycheck. I am also hoping to get my portfolio to where I have monthly dividend income (right now I utilize the dividend reinvestment plan so I’m not pulling any $ out) that I could use for home maintenance/property taxes/etc. + +I was thinking maybe an 80 (house)/ 20 (investments) split? Especially because I’m hoping my dividends will eventually help me take care of my home. And would you all adjust that based off the market at the time, for example more $ towards investments when the market is down? + +Sorry for the lengthy post. Thanks in advance for the help!! +I make 95,000/yr and I’m contributing 15% (after taxes) to my retirement per month (this comes out to around 1200/mo). Right now I have 33k in retirement savings and 22k in savings for a home one day. I can only contribute around 800-1000/mo to my savings for a home after rent and all other expenses. I’m 28 years old and would like to buy a home one day but I’m not sure if I should make some adjustments here. I also have 50k in RSUs over the next 4 years (12.5k a year) coming my way. +We see CMKM get brought up a lot, and people are nervous their brokers will delete their shares due to this incident. **I think brokers deleting shares was just another lie told by these career criminals and I'll prove it.** + +# I'm submitting this to the SEC in the hopes that they will investigate the "task force" that was set up to deliver shares of Entourage: Robert Maheu, Bill Frizzell, and Donald Stoecklein. + +After extensive research, I have reason to believe the so-called "task force" put in place to distribute shares for CMKM to shareholders misrepresented everything from financial statements to assets owned in order to receive Entourage stock which I believe they kept and sold themselves. + +This was mentioned in Dr. Trimbath's book. She helped CMKM find evidence of naked shorting. What she didn't know was that she was dealing with criminals and they were using naked shorting as another way to try to keep investors interested [https://imgur.com/fPPNOIh](https://imgur.com/fPPNOIh). They assembled this "shareholder task force" that consisted of greedy criminals who knew they weren't going to deliver the shares ever. + +This is what was in her book: + +https://preview.redd.it/5lxqdqypt9i91.png?width=662&format=png&auto=webp&s=b29746ea8074b0d2887ae7bd713ded07d742f9f2 + +This is how people interpret her book: + +https://preview.redd.it/26g3ssprt9i91.png?width=837&format=png&auto=webp&s=7214e7c0d210e27b89c0653873110e111beffc15 + +The story didn't end there though, while this was going on, the SEC was investigating the issuers and their associates in the background, which resulted in this in 2010 - + +`*I think they may have missed a couple people so I'm sending my research to the SEC.` + +https://preview.redd.it/978divzst9i91.png?width=753&format=png&auto=webp&s=621bb284c1a18f6a7bd9ac0f5a3e8673588d40c9 + +# Background on CMKM + +From January 1, 2003 through April 19, 2005, the price of CMKM Diamonds's stock ranged from a low of $0.00013 per share to a high of $0.0135 per share. Its average price during this period was $0.00071. As a part of their scheme to compensate for such a low stock, the executives of CMKM illegally conspired to issue and sell almost 700 billion shares. + +They increased their authorized shares from 500 million to 800 BILLION without even telling their investors and then sold that stock illegally! + +Usually stock is restricted when it's authorized, but they had their lawyers write letters saying the stock was owned for over 2 years and the person it was going to was not affiliated with the company. Both lies. He wrote over 400 of these letters. They made millions of dollars this way. + +**But let's not get ahead of ourselves.** + +Back to the announcement that Dr. Trimbath mentions, written by Bill Frizzell, who was one of 3 people on the so-called "investor task force" for CMKM. Here's what he says (and it's full of lies): + +https://preview.redd.it/zpganjixt9i91.png?width=829&format=png&auto=webp&s=8eb0fc6eb4920fbe9423ddcb8987961b714f189a + +[Spoiler alert: This transfer agent would later get charged by the SEC](https://preview.redd.it/fw6ohkfyt9i91.png?width=829&format=png&auto=webp&s=2261bf8270763d3d27ed18bff597c36c56a464da) + +https://preview.redd.it/x845x1x2u9i91.png?width=831&format=png&auto=webp&s=655eafb101bb3c73f0371020764b73399167bf53 + +https://preview.redd.it/vwct66s4u9i91.png?width=827&format=png&auto=webp&s=f19a2fcf27ff28a6c1a4df6edf86140cd63bdd09 + +# I will show you that they made false and misleading statements to the shareholders and were very aware of the financial situation the company was in - no assets, a ton of debt, and no financial reports. Not only that, but the Entourage shares they were supposed to be handing out to bona-fide shareholders were received in bad faith and Entourage would later sue them to try to recover those shares! + +More about the task force - Robert Maheu, Bill Frizzell, and Donald Stoecklein. + +https://preview.redd.it/xna78w67u9i91.png?width=1000&format=png&auto=webp&s=92b000b0f735eb8114534795fbdf4032f9190e4b + +Before the "task force" was created, 2 of these people worked for CMKM already. + +Stoecklein was the CEO's personal lawyer. Maheu was Stoecklein's long time friend and was getting paid $40k/month to not ask any questions, and delay paperwork requests. + +In the month of March, 2005, a shareholder formed the CMKM Owners Group (OG) and hired Frizzell to *represent* CMKM shareholders regarding CMKM’s being *victimized* by *Nakes Short Selling*, to *represent* them at the upcoming 5-10-05 SEC Administrative Hearing, and to *disseminate* any and all pertinent information to them. Stockholders were under the impression that Frizzell was going to this hearing to bring up their concerns about naked shorting. Instead the stock got delisted. + +According to multiple investor complaints, they even sent Bill Frizzell $312,500 to represent them here at this hearing. Instead, the stock got delisted. [https://imgur.com/i2IzK66](https://imgur.com/i2IzK66) [https://www.change.org/p/bill-frizzell-and-john-martin-stop-concealing-the-proof-that-cmkm-diamonds-inc-was-victimized-by-naked-short-selling-0c4f9e9d-c4ae-4b5e-914b-5f75d34186e9](https://www.change.org/p/bill-frizzell-and-john-martin-stop-concealing-the-proof-that-cmkm-diamonds-inc-was-victimized-by-naked-short-selling-0c4f9e9d-c4ae-4b5e-914b-5f75d34186e9) + +Here's the decision when they got delisted. + +https://preview.redd.it/j2e4hg19u9i91.png?width=1000&format=png&auto=webp&s=96d34457b6a4679f0f8ea8bec1f247cc106df661 + +https://preview.redd.it/qic6ml1au9i91.png?width=986&format=png&auto=webp&s=ac521792df7d921a3f9fceeb986c775eaac1fae0 + +You can see them covering up for CMKM when shareholders were discovering that the CMKM office was actually a hot rod shop🤯. + +# They weren't filing their financial paperwork because they didn't actually run a business, all they did was promote their stock. + +https://preview.redd.it/zt9cqo4bu9i91.png?width=989&format=png&auto=webp&s=d4c4c3cd567252857392ae423d515dde1863c916 + +# In fact, they were in debt by more than $36 million. + +This is where it came to light that they had amended the number of authorized shares to 800 billion. What the SEC didn't know yet was that they authorized those shares, and then they were paying their company lawyers, transfer agent, brokers, and various other associates to fraudulently sell them into the market. More than half the people who got deposed when they got deregistered ended up being indicted over the years, including the CEO, company lawyers, and the transfer agent. + +[https://www.sec.gov/litigation/aljdec/id291bpm.htm](https://www.sec.gov/litigation/aljdec/id291bpm.htm) + +# Notice how I underlined certain things in Bill Frizzell's letter? They knew CMKM had no assets but were trying to get people to DRS their shares! + +The task force was created to "distribute shares of Entourage stock". + +According to Bill Frizzell, "Shortly after delisting, CMKM sold a major company asset consisting of a large number of mineral claims in Canada. The sale of this asset resulted in the company receiving 45,000,000 shares of an OTCBB stock called Entourage Mining Ltd. (ETGMF) The purchase agreement stipulated that such shares shall be distributed to the shareholders of CMKM. Recent press releases state that Entourage has a drilling program in operation and there is expectation of future development of the claims which were once owned by CMKM." + +**But that's not actually what happened.** Yes, they did make an agreement with Entourage Mining [https://www.sec.gov/Archives/edgar/data/1239672/000106299305002923/exhibit99-2.htm](https://www.sec.gov/Archives/edgar/data/1239672/000106299305002923/exhibit99-2.htm). + +But then they defaulted on their agreement + +# ENTOURAGE AGREEMENT + +The first agreement was made in April 2005, then updated in October 2005 when CMKM was defaulting on everything in the agreement, so they updated it with more false claims of property in order to get these Entourage shares. + +The same day they update the Entourage Agreement in October, they come up with this "task force" to 'deliver shares to bona-fide shareholders'. + +[https://imgur.com/X8xjlwl](https://imgur.com/X8xjlwl) Forte Diamond Property original agreement + +[https://imgur.com/FXTpKRs](https://imgur.com/FXTpKRs) Hatchet Lake Property original agreement + +[https://imgur.com/w3c82CD](https://imgur.com/w3c82CD) Smeaton Lake Property original agreement + +The only problem was CMKM didn't actually own any of these assets. + +[https://www.sec.gov/Archives/edgar/data/1092299/000107704805000578/ex10-2.htm](https://www.sec.gov/Archives/edgar/data/1092299/000107704805000578/ex10-2.htm) + +[\\"task force \\" creation day](https://preview.redd.it/vlae40bgu9i91.png?width=1698&format=png&auto=webp&s=a3d5cb9870e0cb6ec707c69645ba39f8d5094cef) + +Maheu resigning from doing nothing to become a "task force" member as part of new agreement + +[https://imgur.com/WuMs2ob](https://imgur.com/WuMs2ob) Entourage delivers shares to the "task force" + +[https://imgur.com/lYouXFF](https://imgur.com/lYouXFF) Entourage terminates Forte agreement after doing due diligence + +[https://imgur.com/JhpwQYP](https://imgur.com/JhpwQYP) Entourage doing due diligence on Smeaton Lake - Dec 2005 shares still not issued + +# [https://imgur.com/NlbiTNJ](https://imgur.com/NlbiTNJ) Finally Entourage sues to try to get their shares back + +According to the 2010 SEC case, In July 2004 CMKM falsely made shareholders believe a company called "Canada Minerals" was buying mining claims from them. They had various press releases stating Canada Minerals announced that it was buying 5% of their claims for $7.5 million, with the option to purchase another 10% for $15 million. + +July 2004 they have a press release saying they got paid $3 million, then Canada Minerals announced they purchased an additional 1.66% for $2.5 million. + +US Canada Minerals ended up being **another** corporate shell controlled by these same criminals. + +They didn't even own the claims they were selling the first time! They tried to sell the claims again to Entourage! + +[https://imgur.com/QsaLmZR](https://imgur.com/QsaLmZR) + +https://preview.redd.it/q9lli73ju9i91.png?width=688&format=png&auto=webp&s=1f151cdd2719e2b2abb0d2f8c263586968527413 + +**RECAP:** + +April 2005 CMKM makes an agreement with Entourage. + +July 2005 every member of the "task force" attends the hearing where the stock gets delisted for not filing their financial paperwork and they 'find out' the company is $30 million in debt. + +Bill Frizzell is there after soliciting money from shareholders online to talk about naked shorting, but whether or not he actually did we'll never know. + +Meanwhile during the hearing there's evidence of the law firm covering up CMKM's address and delaying paperwork. + +October 2005 they default on Entourage agreement, lie some more to get the shares, and create this bogus "task force". + +They tell people they need to have their shares direct registered, but even their transfer agent was a part of their conspiracy. + +I believe the task force sold the shares themselves and kept the proceeds. + +[https://imgur.com/EQHu0q3](https://imgur.com/EQHu0q3) Q & A Session after Entourage requested their shares back, Maheu and Stoecklein no longer with CMKM. + +[https://imgur.com/2HHWN0b](https://imgur.com/2HHWN0b) Bill Frizzell received over $300k worth of land from CMKM in 2012👀. + +[source](https://cmkxunitedforum.proboards.com/thread/14896/land-transfer-cmkm-diamonds-frizzell?page=1) + +[**https://www.investorvillage.com/smbd.asp?mb=155&mn=11008&pt=msg&mid=2128567**](https://www.investorvillage.com/smbd.asp?mb=155&mn=11008&pt=msg&mid=2128567) **Bill unable to provide evidence of Naked short selling** + +I hope the SEC will look into the criminals who led this task force. Look into the money that was given by Entourage, and charge these people with the crimes that they've committed against shareholders. + +[https://fbruhm.proboards.com/thread/4808/cmkm-task-force-website-update?page=1](https://fbruhm.proboards.com/thread/4808/cmkm-task-force-website-update?page=1) \-- Only evidence of anyone "deleting shares" + +edited: for formatting + + +I have a bunch of different cryptos, bonds, and stock investments, but I've been having trouble keeping track of them all. Ideally, I'd like to see the value of everything in one place and see how they perform over time. I am currently looking into the Delta App and Morningstar Portfolio Manager, but I want to know what others are using and how they like it. + +I'm looking for something that allows me to add multiple portfolios, track my gains/losses over time, and see how well each asset class is doing compared to the others in the same portfolio or across different portfolios. + +I have tried Google Sheets, but the problem is that it's not very user friendly, so I'm not sure how to add charts or anything like that. I also looked at Ticker but wasn't thrilled with it. The design is nice, but it was a little hard to navigate through all of my different accounts and organize them on one screen. + +The closest thing I've found so far is MoneyTree, which supports stocks and cryptos, but it's not nearly as good as what I'm looking for. The interface is ugly, and no graphs show how much my investments have gone up/down over time. + +I've been looking for a good solution for quite some time, but I can't find anything satisfactory. Most trackers out there either don't have the features I require or only support them in a limited way. + +It would be ideal if it also had an app for my phone so that I could manage my portfolio while at work or on the go. + +Any advice? +Hi, + +I've noticed that a lot of people here will say to young people that they should invest in themselves, ie, learn to drive, get a new qualification etc. + +But I notice that these posts are sometimes fairly brief or not very specific. So, I thought it would be interesting to see some different ways in which people in this community have invested in themselves, and how this then affected their personal finances. + +I think any less common approaches would be really interesting as well to see what ideas are out there for others to consider. + +&#x200B; + +What are your thoughts? +Here is some information about 529 plans, with the goal of crowdsourcing comments towards creation of a wiki page. + +- What is a 529 plan? + +A 529 plan is a tax-advantaged investment account for higher education expenses, as well as some private primary / secondary tuition. Higher education expenses include tuition, fees, books, computers, room and board, and $10,000 lifetime in student loans. They do not include e.g. transportation or health insurance. This is your go-to plan to save for your kids' college education, but with some potential pitfalls described later. + +A 529 is something like a 401k, with institutional control and individual account ownership, and it then adds a named beneficiary. The owner controls the money; the beneficiary incurs the allowable expenses. The owner decides how to invest the money based on investment choices allowed by the particular 529 plan chosen. These choices are often like target-date funds with dates appropriate for your expenses. If you want multiple concurrent beneficiaries, you typically use multiple accounts. + +Perhaps surprisingly, (almost) all 529 plans are controlled by individual states, even those offered through e.g. Vanguard, Schwab and Fidelity. Those states determine what owners can invest in and whether there are any unique tax benefits. Note that in this article, I am limiting the discussion to generic investment accounts, as opposed to prepaid tuition plans that are offered by a few states. Those are generally less useful choices, but you could look into those for a full understanding of your options. + +(There is a closely-related plan called a 529A / ABLE plan for people with disabilities; this is outside the scope of this article, though.) + +- Tax advantages and benefits + +For allowable education expenses, a 529 plan is Roth-like, in that earnings are tax-free and don't even count as part of your income. Used on other than allowable education expenses, distributed gains (but not contributions) are taxable income, also subject to a 10% tax penalty. There are many ways to work around that, but you may not be able to use them in every case. + +Like a Roth account, there is no federal deduction for 529 contributions, but unlike a Roth, many states allow a state tax deduction for at least some 529 contributions to their own 529 plan, and a few offer a deduction to any plan. A few offer no deduction. [Here's a list.](https://www.savingforcollege.com/article/how-much-is-your-state-s-529-plan-tax-deduction-really-worth) + +There is no hard federal annual or lifetime limit to the amount you can contribute to a 529 plan, though states have aggregate limits in the $250K-500k / beneficiary range, sometimes limit annual contributions, and you may have to do gift tax paperwork (but not pay gift taxes) if you exceed $15K /person / year. You do not have to be the owner to contribute to a plan, so friends and family can contribute to a plan owned by someone else. + +One interesting wrinkle is: in some cases, if you are paying for your own college education, you can actually make your own 529 plan with you as owner and beneficiary, deduct your contributions on your state taxes and then immediately pay for school. This only gives benefit when you get that state deduction, though. + +- Limitations and workarounds + +The big limitation is the need for qualified education expenses. What if your kid doesn't go to college, or you contributed more than you end up spending? You would eventually be taxed and penalized when you withdraw the money. Workarounds include: [changing beneficiaries](https://www.savingforcollege.com/article/how-to-change-the-beneficiary-on-your-529-plan) to another family member, even yourself; or using the money for other types of education expenses, e.g. that Tuscany cooking school vacation might be partially allowable in some cases. + +If your beneficiary gets a scholarship, you can use 529 money for allowable expenses beyond the scholarship, and also take the money out up to the value of the scholarship; gains used that way will be taxed though not penalized. + +A secondary limitation is choice of type of investment. Like a 401k, you can only invest in what your plan allows, and even more restrictively, you can only change occasionally, typically twice / year. You will be subject to the fees charged by the plan, which are similar to 401k fees. If you decide you don't like the 529 plan you selected initially, you can roll over to another 529 plan without any federal tax impact once / year. Rollovers may affect your [state taxes](https://www.savingforcollege.com/compare_529_plans/index.php?page=compare_plan_questions&plan_question_ids[]=87), though. + +- effect on financial aid + +While a full discussion of financial aid is more than we can do here, the [primary rules](https://www.savingforcollege.com/article/yes-your-529-plan-will-affect-financial-aid) about 529 plans are: money is counted as available asset for the owner, so would affect the expected family contribution if that is a parent. In most cases, if you have enough income to establish a significant 529 plan, your expected family contribution will be high enough anyway that the 529 aid reduction effect will be minimal. + +One workaround when this is a concern: assets owned by grandparents are not considered family assets, though they will be counted as income to the student when spent, so best to use these only in later years. + +- What should you do? + +If you want to save for your children's (or other relatives...) college education, you can establish a 529 plan at any time, and contribute what you want to, either regularly or irregularly. One observation is: people seem more willing to set those up when kids are young and adorable, as opposed to rebellious teens. It doesn't generally hurt to contribute some money at an early age, but resist the urge to fully fund a 529 account before you determine that your kid won't even go to college. That happens, too. + +You definitely want to prioritize retirement contributions before making 529 plan contributions, since there are student loans but not retirement loans. + +Once you decide to make a plan, the actual choice of plan depends on where you live and what you think about the available options. There are many many 529 plans, so you may want to look at third party review sites to get an idea of which plans would be best for your situation. Here are a few examples of those: + +https://www.bankrate.com/investing/best-529-plans/ + +https://www.savingforcollege.com/intro-to-529s/which-is-the-best-529-plan-available + +https://www.morningstar.com/articles/1006084/the-top-529-college-savings-plans-of-2020 + +So that's an overview of 529 plans. If you have questions, ask away. +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +So I bought some shitty UK dotcom shares back in 2001 before the crash. Companies like [Lastminute.com](https://Lastminute.com) etc. Lost all the paperwork, have no records apart from the company names and my old address. Is there anywhere I can go to find out if I still have any shares in any of the companies? Share registry or similar? +Just received my dividend all ready to re-invest. I've now held LS100 for a year, I'm now tempted to ditch it in favour of VRWP. Or even the HSBC FTSE All World Index EFT. + +I want to lose UK exposure, but I can't help but think that the Covid recovery is looking pretty good and that bodes well for the FTSE weighting. + +So I either stick it out on LS100 for another year or try my luck with another fire and forget passive. + +Any thoughts? Maybe I should just leave it for another year. + +Long term stuff, mid 30's. + +No GME please! +Vanguard has several funds with very similar names and it can be confusing. + +For example, what is the difference between: + +[Vanguard FTSE All-World UCITS ETF](https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-all-world-ucits-etf-usd-distributing?intcmpgn=equityglobal_ftseallworlducitsetf_fund_link) + +And + +[FTSE Global All Cap Index Fund](https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-global-all-cap-index-fund-gbp-acc?intcmpgn=equityglobal_ftseglobalallcapindexfund_fund_link) + +I don't really understand ETF funds, is there any benefit to ETF? the fees are similar for both. + +Am i right in the thinking the Vanguard FTSE All-World UCITS ETF is the most popular fund around here? At the moment I have mostly lifestrategy 100%, but I am looking if its worthwhile to change as I have concerns about the US market overheating. Looking at the emerging markets funds but want to keep some global funds as well. + +Any advice is appreciated. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +Hi Chaps, + +I would like to setup a some savings for my newborn. Being a young family we are not exactly rolling in cash, but I figure £50-£100 a month for the next 18 years is going to add up and help her when she is older. I am struggling to work out what kind of account is best. My situation is: + +- About £50-£100/month minimum will go into it +- Probably an extra few hundred quid here and there each year will go in +- Its a long term investment, we dont need to touch it. But we 'might' need to at some point (moving house, whatever) +- There may be a month or two here or there where we cant pay in (exception rather than the rule) +- I dont want it to automatically go into my daughters name as soon as she hits 18 as 18 year olds make some questionable decisions. + +With that in mind, what am I best off doing? I was looking at a Vanguard child ISA but I dont really understand the fees and not sure if it meets all my criteria. Am I better off just putting it in a regular bank account in my name? + +Any advice welcome. +** Edit - please don’t downvote this is a useful lesson to other naive investors ** + + +I have 20k in an isa that’s 100% invested in a global tracker fund. It had dropped a few percent (so a few hundred quid less than what I put in) so I put in a sell order on Friday night. My plan was to get it into a Marcus savings account. This is part of my easy access emergency fund and I might need to spend some of it in coming months. + +The value now is crashing hard and I think the sell order won’t go through till Monday morning (it’s with AJ Bell you invest). Have I done something stupid here? I’m worried I’ve sold in the trough of a temporary low. +https://www.bogleheads.org/forum/viewtopic.php?t=272007 + +Hedgefundie’s excellent adventure strategy feasible in U.K. LISA? + +I’m wondering if this would be possible in a U.K. LISA. Has anyone tried it? I’m using Hargreaves Lansdown. I can see a wisdomshares 3x S&P 500 ETF available and two bond options, 10y 3x US treasury bonds or 20y unleveraged bonds. Any thoughts would be greatly appreciated! +I am a UK-based individual investor and my investment is confined to the annual share ISA limit. I need some advice on investing in the US 1-3 years treasuries. This is to diversify my portfolio to hedge against the probable further sterling deterioration against the dollar. + +I could have converted some of my savings from sterling to USD using a foreign currency account (but the USD accounts in UK barely give any return) and converting and reconverting results in exchange losses. What I ideally would like is to have some of my savings in USD as 'liquid', in a Share ISA account which can be converted to GBP easily when I needed to, so I was thinking whether a short term US government debt is a decent place to park in the short term, as I understand it gives a return of slightly over 4% at the moment? + +&#x200B; + +I know what I have written so far may put me in the "novice" camp, but if I were to take a view that, + +a. UK inflation is going to rise for the next few years, + +b. Sterling is going to go below parity + +c. US inflation is going to ease and + +d. US economy is going to enter into recession, + +(with strictly keeping the caveat emptor in mind) would you advice this move to have some exposure to short term US government debt (for not more than 2-3 years)? + +I guess, with UK Share ISA, the ETFs such as ISHARES USD TREASURY BOND 1-3 YR is the best option, or is there an alternative? + +My worst case bottom line is that by the end of it I should suffer no more than 5% capital loss in GBP terms. Rest everything is an added bonus. With that in view, is the ISHARES ETF above a reasonable choice? + +As I have never dabbled with investing in bonds so far (I have to start somewhere, don't I?) I just wanted to know what are the pitfalls I need to watch out for? Thanks. +I’m 18 and saved up nearly 18k from entrepreneurial projects and looking to invest maybe 10k into an index fund. +Is vanguard a safe bet or should I use a stock and shares ISA? +My family isn’t exactly financially literate so looking for advice here +Hi! I am trying to short the Nasdaq as a way to hedge my portfolio (bit late I know..) In order to do that effectively using something like SQQQ would be ideal. However it seems unlike all our American Robinhood and other traders, in the UK there are hard to overcome regulations: trades of over 200.000€ in last year plus 500.000€ portfolio including cash 🤯 There are other instruments one can use in the UK but these close of course at 4.30pm so you miss out on the main action and are doomed to watch from the sidelines… So the question is what do you do to overcome this issue? + +Thank you +Might be a newbie question, but in the event of a big crash in the value of a stock (or even a fund) is there a way I can automatically sell out my holdings if say, the price dropped by a certain %.....What scares me as at the moment I'd need to do that manually at which point I may have been too late to cut my losses. + +Not sure about AJB (which I use) or T212 (waiting for an account) +Hi, + +I'm 27 and happy to take risk with my investing due to my age, wage and low outgoings. I've adopted the dollar cost average approach and have set up reoccurring monthly investments. I'm trying to keep my exposure away from the UK and heavily focus on the US and Emerging markets. + +I would like a percentage of my portfolio to be in clean energy hence (iShares Global Clean Energy as a safer option and then more of a punt on Tesla, Drax and Xylem), Luceco has served me extremely well since April so I would like to continue investing there. + +Any thoughts I'd really appreciate, thanks! + + +https://preview.redd.it/1xbsefilgwv51.jpg?width=897&format=pjpg&auto=webp&s=fe2bb27341884170fa8804c5b4b86052cb064e36 +Hi, +I'm relatively new to investing but I'm looking at my current investments which are either in GBP or U.S dollars, they're mostly ETF/indexes (all-world, clean energy, gold etc) but I'm worried about these being worth less if the currency loses value. And by extension my 'safe' savings in my crappy interest savings account. Should I be buying these ETFs/indexes in € if I'm worried the pound is going to collapse? +Might be a newbie question, but in the event of a big crash in the value of a stock (or even a fund) is there a way I can automatically sell out my holdings if say, the price dropped by a certain %.....What scares me as at the moment I'd need to do that manually at which point I may have been too late to cut my losses. + +Not sure about AJB (which I use) or T212 (waiting for an account) +I recently posted in another Reddit asking for advice about Vodafone and BHP shares which I had bought a long time ago and currently under water. Most people advised me to sell everything and moved them into passive index funds. + +After much deliberation, I have sold all my GBP holdings and now I am 100% cash as far as my pounds is concerned. Just to clarify I am not a UK resident and I have investments in other currencies. I am 57 years old but still actively working and will probably be working for another 8 years. + +So what now. What to do with roughly 500k pound in cash. +A. Wait and see since everything is so uncertain now + +B. Put everything into a bond fund (will appreciate some suggestions) + +C. Any other ideas. + +Many thanks +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +After playing around with trading for the last two months (newbie) I've realised that I just don't have time to constantly monitor my stocks and check the news etc. I have a full time job and girlfriend and hobbies etc. + +I found myself googling stocks and stuck on trading 212 during work hours way too often. At one stage I was babysitting about 20 stocks in total. + +So when I found out about Scottish Mortgage it was a no brainer. They were the same sort of stocks I had anyway. Lots of high growth and tech. + +So I sold all my stocks and put the money into Scottish Mortgage. I'll add £100 a week until I'm 500 years old. Seems easy enough. Maybe Google Scottish mortgage every week to see if they've collapsed into liquidation. + +Is this a bad idea? Seems like a no-brainer but what's the catch? + +Edit: Due to tax laws in my country I won't invest in ETFs. Has to be investment trusts. Less tax. +The exchange rate fluctuations are hurting my profit not substantially but getting to a level of annoyance. Has anyone been able to stop investing in US stocks and see success only trading UK equities? +I feel like msm and everyone on Reddit / YouTube and around me thinks a recession is around the corner. I think it might just be what gets views. Has this happened before serious downturns in the past? It makes me want to buy. +[The full chat. Have fun 🤓](https://imgur.com/a/9lSg9) + +I'm the CTO of [Cool Cousin](https://www.coolcousin.com/). +Someone called "Cool cousin" on Telegram sent me a message. Our users get many scam attempts (they're smart so they report it to us), but no one had the guts to try to scam **the team**. It's important to state that my Telegram name contains the fact that I'm CTO at my company. + +It didn't bother him. Neither did the fact I gave him a @coolcousin.com email address. So I had a little fun with him. +The Agenda for the 10am (EST) dev meeting [here](https://github.com/ethereum/pm/issues/17) says that they are looking to approve a reduction in the issuance of ETH. So... time to buy, as in RIGHT NOW?! Or will this have no effect on the price? +I learned recently that in the US, on average houses have not increased in real value in the past 100 years (i.e. their increase in value has not beaten inflation by much). I understand that the average here conceals huge differences: some houses have skyrocketed in value and others have plummeted. But still interesting. + +Is there similar data for the UK? An average number will probably not be informative for house buying, but an interesting question to know the answer to I reckon. + +EDIT: data on this would be especially welcome! It's often quite hard to know if something has been increasing above inflation just through 'lived experience of price increases' and of course the media biases our perceptions +I’m looking to start buying stocks, I’m 18 and thinking of investing £100 each month into the S&P 500 as everyone recommends it for its safety and long term decent ROI. I’ll be wanting to do this through a stocks and shares ISA so I’m not getting taxed. The last post I could find on this is from a year ago and a bit vague for details, so I’m just wondering if anyone could give me some advice on what app I should use for this purpose? People have recommended Hargreaves’s for their customer service and easy to use interface, and I’d be able to open an ISA through them which is very easy from what I’ve seen, but apparently they charge £12 per transaction which seems like it would add up over time especially with my relatively small investments. I’ve seen free trade recommended too but I’ve seen on some YouTube videos that they’re unstable and it’s probably not best to invest through them though I’m not too sure why? I’ve also seen trading 212 recommended as it’s the cheapest apparently but they have a waiting list or something? And I’m not sure if I’d be better off just taking the hit with Hargreaves’s for ease of use, so thought I’d ask here and see if anyone had any advice first. Any help would be greatly appreciated, thanks. +This video, ["The Third Industrial Revolution: A Radical New Sharing Economy"] (https://www.youtube.com/watch?v=QX3M8Ka9vUA +), by Jeremy Rifkin inspired this post. If you have not seen it and have a spare two hours, please get a drink, get comfortable and watch it. I promise it will resonate with you as a human being. This post will still be here when you get back. + + +_________________ + +#Why I believe in distributed ledger technologies (DLT) + +At its core, DLT represents a new form of communication technology. [The Economist was right.] (https://www.economist.com/news/leaders/21677198-technology-behind-bitcoin-could-transform-how-economy-works-trust-machine) The most groundbreaking part of DLT is the provision of trust through network effects and economic incentives. This trust allows the network to act as a value transfer mechanism. Whether the value being transferred is a unit of currency (BTC/BCH/LTC), a component of a protocol (ETH/ADA/EOS), a representation of network ownership (NEO/VET) or a utility token (XRP/XLM). + +### Progression of revolutionary communication technologies + +Each of these have been revolutionary in their own right and have caused massive social, cultural and financial changes in human history. + +- speech/language = audio communication within a life span + +- written word = visual communication beyond a life span + +- printing press = massively distributed visual communication + +- telephone = audio communication at light speed + +- radio = massively distributed audio communication at light speed + +- television = massively distributed audiovisual communication at light speed + +- internet = massively distributed audiovisual communication at light speed + network effects + - the internet has lead to the rise of massive companies through network effects. their net worth derived from the data network or network participants that they influence. amazon with market data and market participants. google with raw data from most of the world. facebook with social data. uber with their driver network. airbnb with their property network. etc. + - these companies are valuable because they have derived value from their network participants. by providing the centralised infrastructure, they own the data each participant supplies. + + +The next step in communication + +- blockchain/DLT = internet + decentralised + trust = information AND real value transfer + - decentralised currency. decentralised market economy. decentralised big data. +decentralised social networks. decentralised search engines. true IoT. no more large central repositories of information, power or value. + - this is the age, where instead of owning stock in large centralised companies, we own decentralised currencies and participate in decentralised networks. value is created and distributed through the decentralised market economy as people trade peer-to-peer network-to-network without intermediaries. + +This is still a long way away. Much of the world is still transitioning into the internet connected world. My long term hope is that we transition towards this decentralised economy in a stable manner, people truly own their own data and we become 100% energy self-sufficient with renewable energy. + +______________________________ + +#We are all on the same team. Positive news for one crypto is positive news for all cryptos. Let's help each other to foster blockchain adoption. + +With the influx of new users in late 2017, I was hoping as a whole we would come closer to worldwide adoption of distributed ledger technologies and decentralised trustless networks. I think adoption is still slowly happening but as a community most of us have been tempted by Mammon and our dopamine addictions. + +I feel there are more traders looking to make quick gains than those who believe in the technology behind what they are buying. "Buying the rumour and selling the news" is the ultimate testament to the state of crypto. People are irrationally optimistic and looking to make a quick buck off each other by engaging in short term trades, timing the market pumps and dumps. + +I don't mind the shilling. (As long as it's thought out and logically presented, not mindless shilling e.g. XCOIN MOON) Shilling helped me find two very profitable investments, both of which I still hold. Shilling is good for crypto as a whole. It is optimistic, encourages adoption and gets people to engage and ask questions. Shilling is a dysphemism for advertising from an optimistic community. A fair portion of people only find out about new investments from shilling. + +On the other hand, I'm not a fan of the spread of FUD, in particular the spread of misinformation. The world today has enough "fake news". We don't need more bullshit being spread in crypto. If you think someone is flat out wrong, don't attack their character or spout one of [these] (https://signposts02.files.wordpress.com/2013/07/logical-fallacies.png). Prove why they are wrong with evidence. If you think a project is not promising, outline why you think that way in a rational manner with sources. Even better, why not make a suggestion how you think it can be done better? Add value to the crypto world as a whole rather than take away from other assets you perceive to be competition. Valid skepticism is important, validity needs to be logically and factually sound, not e.g. XCOIN IS A PUMP AND DUMP. + +Regarding blockchain competition... + +>there is actually no such thing like Enemy in this industry, at least not at this stage. I don't understand why people would do anything to jeopardise a development of Blockchain. It should be a open market and all of startups should work together to push forward the development of technology and applications to help the business + +#These tenets guide me in both bull and bear markets + +1. Your investment is not your sports team. Keep an open mind and ask questions. + +2. You can learn something from everyone. Everyone is a potential teacher. + +3. If you disagree with someone, try and justify why. (First to yourself, then others) + - We should all try to be honest about our intentions + - Disclose your conflicts of interests if you have any + +4. Add value to the community. Spread knowledge and answer questions in your community. Correct misinformation spread by others with sources. + +5. Remind yourself why you got into crypto in the first place. + +#The enemy isn't other blockchain projects. Global adoption is our common goal. To get there, we need to do better. +Christmas can be a long day. If you're on your own or want to share your day just say hello and I'll reply to as many of you as I can until the Bailey's runs out. + +Tell me about your best present, the nobhead uncle or how the shift you worked was worst ever. +Shares in consumer goods giant Unilever have fallen after it defended its £50bn takeover approach for the consumer healthcare arm of GlaxoSmithKline (GSK), describing the business as a "strong strategic fit". + +The group, whose products range from Domestos bleach and Dove soap to Marmite and Hellman's mayonnaise, said the GSK deal would help it beef up its presence in key sectors as it seeks to refocus on stronger growth areas. + +GSK disclosed over the weekend that it had spurned a series of offers from Unilever towards the end of last year for the arm of its business that includes Aquafresh toothpaste and Panadol" + +It said the offers "fundamentally undervalued" the business - in which US drugs giant Pfizer holds a 32% stake - and its prospects. + +But reports suggest Unilever could try to sweeten the deal and in a statement to investors it showed little sign that its enthusiasm for the takeover had waned. + +It said a deal would add GSK's brands in oral care and vitamins, minerals and supplements to its own presence in those sectors and "create scale and a growth platform for the combined portfolio in the US, China and India, with further opportunities in other emerging markets". + +Investors were unimpressed, sending Unilever's shares 6% lower in early trading on Monday, while GSK added 5%. + +Victoria Scholar, head of investment at Interactive Investor, said: "It looks as ugh a deal is very much still on the cards despite GSK rejecting three offers including the latest £50bn offer" + +"Unilever will have to raise its bid to somewhere around £55bn and move fast in order to avoid a bidding war from rival private equity buyers who are likely to be eyeing up counter offers." + +Unilever has been targeting a refocused strategy after a corporate makeover which ended its Anglo-Dutch dual structure in 2020, making it a single London-based group, Unilever plc. + +That concluded that it should expand its presence in health, beauty and hygiene, which offer higher rates of growth, while spinning off lower growth businesses. + +It has already agreed deals to sell its tea business, including PG Tips and Brooke Bond, and its spreads brands including Flora. + +In its update on the GSK approach, Unilever said that it was preparing to announce "a major initiative to enhance our performance" later this month. + +"After a comprehensive review of our organisation structure, we intend to move away from our existing matrix to an operating model that will drive greater agility, improve category focus, and strengthen agility," the company said. + +The takeover offer comes amid plans for a spin-off of GSK's consumer healthcare business, led by former Tesco boss Sir Dave Lewis, later this year. + +That would see the division, which notched up more than £10bn in sales in 2020, listed as a separate company on the London stock exchange. + + +Actual Sky News article [here](https://news-sky-com.cdn.ampproject.org/v/s/news.sky.com/story/amp/unilever-shares-fall-as-it-defends-50bn-approach-for-gsks-aquafresh-to-panadol-consumer-arm-12518186?amp_js_v=a6&amp_gsa=1&usqp=mq331AQKKAFQArABIIACAw%3D%3D#aoh=16424109895371&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fnews.sky.com%2Fstory%2Funilever-shares-fall-as-it-defends-50bn-approach-for-gsks-aquafresh-to-panadol-consumer-arm-12518186) +As title says; my girlfriend has received a job offer with a new company but on her offer of employment they state there will be no company contributions to pension? + +I was under the impression employers had to have a work place pension scheme and contribute a minimum amount. +We are all at different stages in our algo careers, but maybe someone who has run into this issue before and can share their experience. + +For an algo that has positive backtested results, through all kinds of turmoil in the markets when do you decide ok this is not working anymore? When the losses exceed a drawdown in the backtests? +What do you guys think about Udacity's algotrading course? Has any of you taken it? Do you think it would be worth it? + +[https://www.udacity.com/course/ai-for-trading--nd880](https://www.udacity.com/course/ai-for-trading--nd880) +Hi guys, I hear that PSUs are generally safe in terms for depositors unlike stock holders. + +Let's say a PSU tanks down similar to Yes Bank and yada yada RBI limits withdrawal to 1000 rupees etc. + +I want to understand that can a situation similar arise? Can govt guarantee public money? What happens to the small equity holders in such case? How can a average person atleast save his principal amount let alone interest rate today and going forward? + +Thanks +The wild ride that is YES Bank is what makes our stock market not very mature. No body is bothered about fundamentals and everything is driven by hearsay and rumors. +Last night my dad attended a meeting with a company named Tradewings. I don't know any details but they asked to front 3.5 lakhs to buy a franchise and they will give back 10k per month for 36 months. The catch is they will be giving tips on how to make 3000 bucks every day on some MCX or something which is open from 9am to 11pm. I am pretty sure this is a MLM scam. He is somehow stubborn on this. Please tell me how to convince him to not put money there. Are they any ways to check if the company or scheme is fraudulent? And Amy good questions to ask the company which will prove this is mistake. Is there any proof from a source saying this company is fraudulent or known for illegal marketing or money-making? +Sensex doesn't make sense. Banking stocks are soaring. + +But what happens when the defaults start to occur? + +There's no doubt a significant portion of borrowers are already bankrupt due to COVID-19 + +Demand has been increasing, but is it sufficient to off-set the losses caused by the pandemic? + +The bubble is about to burst perhaps? Or am I missing something? +Hi, + Sbi card ipo is around the corner and I was going through +https://www.ipowatch.in/2019/11/sbicps-sbi-cards-ipo-date-review-priceband-form-marketlot.html?m=1 + +It says the value to be  ₹615 - ₹618 Per Share + +But the parent SBI share trades at  ₹318 + +I understand SBI card is a separate entity but still it's under its parent SBI umbrella. + +Given this, does it been SBI card share is being overvalued ? + +This is my first ipo so I want to be very careful and diligent. +Kindly help +I recently read that in the US market that circuits were implemented only after the 2008 financial crisis. So there was no stopping the stocks that were in free-fall thanks to haywire algorithms. + +I read that the purpose of circuits was to let a human take over and rethink the trading strategy before a catastrophic collapse happens. + +However I can't help but wonder if it just means that the beating continues after trading resumes, i.e. only acting as a "pause" or does it actually result in HFTs rethinking how they want to approach the market that day, turning, say a potentially huge crash into a smaller crash for the duration of the bearish period? + +EDIT: I am only discussing lower circuits in my example, but the line of thinking applies to both lower and upper circuits. +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +Huge allegation by Nagpal Manoj on Direct plan platforms and RIA's. [Link](https://www.moneycontrol.com/news/business/personal-finance/beware-direct-mutual-fund-plans-are-great-but-they-have-a-dark-side-too-2956451.html) + +Some of them are allegations as serious as getting kickbacks? + +How far this is true? or this is a story of "sour grapes" for the IFAs and regular side. + + +https://www.livemint.com/market/mark-to-market/l-t-s-share-buyback-ordeal-puts-spotlight-on-sebi-s-misplaced-zeal-1548129435083.html + +This SEBI decision helps no one, especially doesnt help minority shareholders + + +SEBI is failing to control insider trading, pump and dumps, market manipulation... while harming investors prospects by creating roadblocks for companies which actually want to help minority investors. + +What is worse is that this is a flawed decision as L&T's debt to equity ratio is small and only its financial subsidiaries ratio is large however they are NBFCs and it is expected they will have debt + +Sad state of affairs +I live in Florida myself and sold my house this last January. I thought I had timed things relatively well (I waited 2 years into everything and thought it was the peak). + +Now with interest rates rising and the prices of houses still increasing, I’m not sure I made a wise decision. + +Wondering if I should just buckle up and rent for the next 1-3 years. + +Thoughts? +They say the market is overheated and overvalued. Get out now! (the experts say) + +My wife and I are in our early 60s and semi-retired and financially independent. We can move all of our 403B money to an investment that pays 4.5%. Not a great return but it is guaranteed, and we would sleep at night not worrying about the next stock market crash. + +Would you sell everything in your IRA, 401K or 403B if you could get a guaranteed 4.5% for the rest of your life? If not, what guaranteed return would you need to move out of stocks? +I've been planning a trip to Europe sometime next year, maybe February or March, and I thought it may be wise to exchange some dollars to euros ahead of time while the dollar is strong. I was wondering what the best way to do this is, other than stuffing euros under my mattress. + +Would it be investing in something like $FXE now and then selling at the time of travel, etc.? Thanks in advance for the replies/ideas! +Awhile ago Tangerine had a good promotion for a one year GIC. I transferred 5k to Tangerine. During the pandemic I have gotten into self directed investing and initiated a transfer from Tangerine to my brokerage. 3 months and allot of phone calls later and still no transfer. They mailed (not registered or courier) a check to my brokerage. They were not sure if it was the right address. Who sticks a bank draft in an envelope and mails it wily nilly? Between their incompetent internal process and then asking me to be the intermediary between Tangerine and the brokerage, they are a bush league operation. I am hoping it will be resolved soon, which will end my relationship with Tangerine. +I dont have much money put into it. Curious to see if it will climb. + +https://preview.redd.it/w36i19gcfaj61.png?width=905&format=png&auto=webp&s=bc66e23d745d8f1764528940a3c9c448635f6973 +So I'm in my early 20s, 40k in this TFSA account that my financial manager moved all into Franklin US Monthly Income Fund Series A (TML3640) maybe a year and a half ago, almost 2 years now. + +It's low risk, not doing great, and overall seems like a huge wasted opportunity for someone in their early 20s who doesn't need the money yet. At the start of the pandemic he said the fact it didn't drop a lot was why we were in it (stable), but he still wanted to put more money there instead of in other areas that did drop during the pandemic (where I thought there could be real opportunity for recovery growth or new sectors). + +So I didn't give him more money this year and put 10k in Investor's Edge (almost maxed my TFSA contribution room) and am up 25%, which I'm happy with. + +I haven't been able to get great answers from him when I ask why this fund? So does anyone else see something in it that I don't get? + +This manager is with Wood Gundy (parents have enough assets, I get umbrellad in) so I expected him to be great at his job, but so far I'm feeling more doubt than anything. But since he is with Wood Gundy after all I feel like he must be seeing something I'm not. + +Edit: thanks for the replies everyone! I am trying to reply to everyone (who isn't a troll). +What are your favorite investing/personal finance podcasts and why? I️ really like the money guy show/the Scott Alan turner show, but would like to branch out into some new podcasts. +Have option to to buy pre-IPO uber. Buying at 65 B valuation. I don’t have full term sheet yet, that is to come. + +They ask for 10% fee going in and 10% of the profits. Min investment is probably gonna be in the 50-100k range. + +This would be my 1st such deal. + +Is this typical for deals like this? +Anything i need to look out for ? +Any other advice? + + +So probably the most unluckiest of situations happened to me yesterday. I just leased a new Hyundai Elantra 2021 and on the way from driving it home from the dealership I was rear ended on the freeway and was pushed into the car in front of me. Needless to say both the trunk and front were completely totaled. I'm unsure what happens from here though. I paid $4k down (including first month payment) and I have GAP insurance. My dealership told me to get the check my insurance and to proceed from there. I was wondering how much money I'd likely end up losing after insurance check and GAP insurance kicks in. +Hi FIers, + +Long time lurker here, posting under a throwaway. I've been interested in the concept of FIRE for quite a while, but I'm having trouble justifying retiring early when it seems so socially unacceptable. What follows is the ultimate first world problem, so I apologize. I realize /r/FI hates these types of posts, but hopefully I can get some perspective on our situation. + +I always knew my wife's family was extremely wealthy, but I didn't know whether or not my wife would actually receive any sort of sizable inheritance. Recently however, we sat down with the family accountant, who shared the family's estate plan. My mind was blown. My wife stands to inherit an almost comically gigantic amount of money, even after the estate pays a gigantic amount of estate tax. I won't give numbers, but suffice it to say that this amount would make her financially independent 10 to 30 times over. + +I fully realize that this is her money, but I'm struggling with the future ramifications of the inheritance. If I continue to work, I would never be able to even come close to matching, through work, the amount of interest/dividends alone that the wealth would generate (and I have a high current income with lots of room to grow). I like, not love, my job, and I would be okay with working until normal retirement age, but if work were out of the picture, I would be content just sitting on my butt. + +However, my wife and I are staunch believers in hard work, and I don't think either of us would be content with living off of unearned wealth. I also don't have any meaningful hobbies or avocations that could replace paid work. In short, I have a hard time finding 'meaning' (whatever that means) in life without working, even though I don't really enjoy it. + +I also have serious concerns about the impact of very-early retirement on children. My wife and I have an 8-month old, and I imagine it would be detrimental to him if he grew up with parents who didn't work and thus didn't have role models demonstrating a strong work ethic. + +My questions for all of you are: + +1) What would you do in my situation? Ignore the money and continue working? Bite the bullet and retire when the time comes? + +2) How do you fight the social pressure to work until age 65? I know that many people in my small city (including my in-laws) would look down on someone who chooses to stop working early, as they see it as a sign of laziness. + +3) How do you find meaning in life outside of work? + +4) How do you set an example for your children if you retire early, to prevent them from expecting a life of leisure? + +*Edit: Thank you to everyone who responded - the replies were genuinely insightful, as it's a topic I really can't talk about with people. I haven't responded sooner because the last few days at work were truly hellish (convenient, right?). To respond to a couple of points that came up in the replies: + +- Some people noted that I didn't grow up "poor" if my parents helped pay for college, and that's absolutely right. My parents were more like lower-middle class. They did mortgage their house to help provide funds for college, which I realize was not a smart financial decision, but I plan to repay them every penny, even though they don't expect it. + +- As far as not counting chickens, I fully agree. The money is not hers yet, though she does already have enough held in trust to be fully FI, even at a very SWR. The rest of the money does not belong to her yet. I would never make any sort of decision before that point. It is also 100% her money, not mine - she would have to be comfortable before either of us stopped working. + +- In terms of not having outside interests: I was raised with the (common, I think) mantra that life should be about hard work and making sure your kids are better off than you were. My parents subscribed to that, and to this point I have too. I've worked 55-70 hours a week since college with that 'goal' in mind. I realize I need to expand my mind and find something with meaning to me. That's my very next step. + Elon Musk has taken a 9.2% passive stake in Twitter, according to a 13G filing, Bloomberg News reports. Twitter rose about 26% in pre-market trading. + +*More information is available on the Bloomberg Terminal.* + +[https://www.bloomberg.com/news/articles/2022-04-04/elon-musk-takes-9-2-passive-stake-in-twitter-l1kk5qd8](https://www.bloomberg.com/news/articles/2022-04-04/elon-musk-takes-9-2-passive-stake-in-twitter-l1kk5qd8) +Proposals for the DAO are an incredibly complex set of topics that need much discussion. But Ethtrader doesn't have the room for all these discussions. The signal to noise ratio is going to degrade the quality of the subreddit unless we have some rules to prevent this. + +I appeal to [/u/heliumcraft](https://www.reddit.com/user/heliumcraft) or other admins to do something about this. +I know the Bitfinex chain split tokens are not a perfect futures market but this is a large discretion. Now like many of us I started as a Bitcoiner 2012 and at the end of the day I want what's best for cryptocurrency in general. I'd like to keep this discussion as politically neutral as possible but trying to get good arguments on how this will play out from either r/btc or r/bitcoin is next to impossible. Love to hear how you guys think this 'stand off' will play out in the coming weeks. +Cheers +Nugget :) +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi everyone, I was just wondering why so many people are still so doom and gloom, I know everyone is just focusing on the price, even though we have the most developed team by far, but even if that is all you are doing, why are you not celebrating that you can be buying more at these sort of prices, my strategy for all of this year will be to buy as much as I can every month when I get paid, I seriously don't think there will ever be a chance like this again in our lifetimes, yes you can make 5% maybe 10% on stocks and shares but you will never get the returns that crypto can provide, and now you have a second chance to buy an already proven "product" at a very discounted price and you don't want in? Yes there is the argument that people who bought at the top feel very burned but really if you held all the way down to now, you must have some belief in Ethereum, so just go for it do what you can to top up what you had and I dont think you will regret it, and I am not just saying this to "shill my bags" as some people like to say, I am and will be buying each month this year, whether the price goes up or goes down, and to be honest I would prefer it to go down right now so I would be getting more each month, but I want people along for the ride and for them to not miss out also, I have been lurking for some time and just recently decided to get on reddit and be part of the community, and I am hoping to get to know a fair few of you here as well and we can all experience the highs and lows together, better stop here as I have been rambling for a bit now, but seriously stay strong guys, and if there was ever a time to be greedy this is it! +Every investor looks forward to the day the bear market ends, as it can be a brutal experience for many. The emergence of the next bull market means crypto investments will likely do well given more positive sentiment, new token prices reaching all-time highs, and more. + +For now, the reality is that the stock and crypto markets are dwindling. Some have called this the most important bear market in the history of crypto, and people are getting ready for what will likely be the biggest bull run ever in the near future. I've turned to projects that I think are offering the best potential opportunities to capitalize on the next leg up. + +Even though APYs offered by DeFi projects are decreasing and web3 projects are offering staking rewards for holding PFPS, it's always best to have a portfolio with many different investments. I'm a Cosmos fan, and my portfolio has been diversified across ATOM, OSMO, and JUNO. I'm now getting some AnonsNFT on Secret Network, as I think their access control feature is state-of-the-art. Additionally, Loop Finance is a great choice with their stakable NFT feature and power rewards system, which is designed to give stakers extra rewards as more products are utilized. + +You may not like the Cosmos, but no matter what your preference is, whether you're an investor or a developer, the focus is still on making it through until things get better. +Zenon is a novel dual-ledger architecture that aims at removing the entry for developing high-performant decentralized applications by enabling a zero infrastructure platform with minimum step and costs. This is my comfiest bag EVER, you won’t find another GEM like this one elsewhere. + +YOU ARE STILL VERY VERY VERY VERY EARLY + +- Total supply of 8.7M + +- Smart contracts on top of Bitcoin + +- Fair launch via xStakes (BTC returned to the contributors) + +- Mcap is at 130M ONLY + +- Built-in oracles at protocol level + +- Dual Coin mechanisms $ZNN & $QSR + +- Amazing staking rewards (55% APY) + +- The mistery + +- Best community ever + +Here’s an amazing community made article to support everything I mentioned above + +Welcome to the ZNNAliens anon. + +https://shazzamazzash.medium.com/zenon-network-an-apes-guide-to-the-galaxy-7aad7dacdfef +Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + *** + +The thread guidelines are as follows: + + * Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + * Breaking news or other important content should be submitted as a separate post. + * Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, [see here](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/). + * Follow the golden rule and be excellent to each other. + + *** + +Resources and Tools: + + * Consider joining one of the r/CryptoMarkets chat groups, [see here](https://www.reddit.com/r/CryptoMarkets/wiki/chat). + * If you are using RES, please click the subscribe button below to be notified when new comments are posted. + * To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + + *** + +Thank you in advance for your participation. Enjoy! +Poor financials and worse guidance - Check / +Erratic leadership - Check / +Fierce manufacturers competition with better margins - Check / +Insiders selling stock - Check / + +What else you all need, an autopilot system that fails regularly and causes car crashes? +Seriously guys, this can be huge for the future! +Companies, that are shady can be fucked by us all and awesome opportunities created for all of us. We decide. +Renewable Energy companies are pushed so they can finance them selfes better, awesome products supported, coins pushed to higher highs everybody buys and holds. And it‘s decentralized and open, so its not illegal or InSIder trading. +And the average joe can benefit! Pay for medical bills, buy a house.. it could be beautiful! + +There should be a mechanism like a poll that decides in secret, which ticker will be next, and at a random time it shows the ticker and the direction so everyone of us can benefit... + +EDiT: of course this is just a discussion. No illegal actions are encouraged! +Certainly no illegal manipulation should be done. +Just a huge group of individuals who like the same dd of some of our finest retards. +Throwaway account. + +I have been a longtime lurker, and finally decided to introduce myself and ask a few questions of this awesome group of people :) + +I am in my Low 30s, work for a FANG company in the Bay Area, and currently make ~$300k. My wife stays at home with our children. +Because of vesting schedules, I will be closer to $350-375k next year if nothing changes, and around $450-500k if/when I get promoted in several years. + +Last year, I made ~$250k and we saved ~$85k (including employer 401k matching): +$54k in 401k accounts (maxing out pre-tax 401k, employer matching, and mega backdoor) +$11k in Roth IRA accounts (backdoor contributions for both my spouse and I) +$20k in brokerage accounts + +We plan on holding our yearly spend mostly constant, and increase or SR as my compensation grows. Our current net worth is ~$400k. + +We currently rent a house for $4k/mo which would cost about $1.8-2mm to purchase in today's market. We are currently getting a REALLY good deal on our rent, but expect it to go up next year (and the years following). + +I feel like we are in a very odd scenario where we are on a great track FatFire in 18 years when all of our kids are out of the house, but we cant afford to buy a home (4 bed, with a yard, in a good school district). We would like to settle down and want stability for our kids (not changing schools on them), but at the same time, I don't want to buy a home if it is going to put me way behind from a FIRE perspective. + +What would you do if you were in this situation? + + + +Hi Friends, I'm searching for health insurance right now after leaving an employer plan. The options I've found thus far are unbelievably bad. I have spent a decade splitting time between CA and NY, and have doctors that I regularly see in both states. I'm looking for an individual plan that covers regular prescriptions and maintenance doctor visits, and can be used nationally like Cigna, United Healthcare, Aetna, etc. And of course I want coverage for the stuff I never want to happen like hospitalization, etc. + +I've called brokers at all the major health insurance companies, and nobody seems to be able to offer a solution. I asked the last person what someone would do if they sold their company for $50M at age 40 and retired (not my situation). The woman thought they would forgo insurance. Definitely unlikely. + +&#x200B; + +Has anyone figured this out? I'm in the USA. +Weve been reading DD, opinion pieces and doing our own research. What were seeing is what we expected, a drive to lower the price and shake off the paperhands. +It has been discussed at length that this is what they have to do in order to cheapen the cost of them covering their positions + +I also saw a number of posts/tweets warning us about today after the crypto dump over the weekend. Robinhood had technical issues, again, preventing anyone from selling when shibaibucoin took a dump. + +Seriously guys how is anyone still using that platform thats got to be some sort of masochism at this stage. +Theres two posts from IT guys suggesting their claims of technical issues are more than just a little suspect + +https://www.reddit.com/r/DDintoGME/comments/n8youe/last_warning_from_a_technical_architect/?utm_medium=android_app&utm_source=share + +This is ALL great news, why? because were reading and predicting their plays correctly. Looking forward to the week ahead. I dont think ive ever been more relaxed since the 40$ days. +Who is 80.241.217.46? +This IP is mainly producing blocks with 2 base system pattern... even blocks with 1 transaction. +Seems like a waste not to include more transaction and looks rather suspicious to me. +Currently they got 3 of the past 4 blocks so they seem strong. +Server located in Germany. + +Is this the reason why Ive been waiting almost an hour for confirmation of my 0.0001 fee transaction? + +UPDATE: Only 192 transactions has been confirmed in over 1,5 hour because of this pool. +Paying taxes isn't fun. I don't like it, you don't like it, nobody likes it. But if we start to be seen as a tax evasion group, it will be the death of our ecosystem. + +Think about it. Most retail investors let their tokens sits on exchanges like Coinbase, Binance or CDC. Those companies have to abide by local laws everywhere they operate ; therefore, it will be very easy for many governments to see if people are using those services to do tax evasion. And if it's true that a good portion of the customers do this, they will simply regulate those exchanges to oblivion. + +And without big, centralised exchanges, nine crypto holders out of ten will leave the space. That would be absolutely catastrophic for the whole ecosystem. The technology would survive, and eventually we would recover, but those kind of regulations is precisely what can send us into a bear market. + +So, yeah. I know it sucks, but please, don't try to avoid taxes on your crypto gains, even those you made on decentralised exchanges. Or, at the very least, don't come out here saying to everyone how you plan to dodge your obligations. + +Remember : if you have to pay taxes, that means you made profits, so you should be happy about it! +Though stocks have mounted a stunning comeback from June lows as investors grow more optimistic about cooling inflation and the Federal Reserve potentially scaling back interest rate hikes, the recent rebound is nothing more than a “classic bear” market rally which is likely to hit new lows, according to analysts at Bank of America. + +The summer stock market rally looks to be almost over, according to a recent note from Bank of America chief investment strategist Michael Hartnett, who points to data suggesting that recent gains are a “textbook” bear market rally which is poised to soon run out of steam. + +The S&P 500 has jumped more than 15% since hitting a low point for the year in mid-June, in large part thanks to better-than-expected economic data—including a strong jobs report and cooling in consumer prices—in recent weeks. + +Despite investor hopes that the worst has passed after a brutal selloff in the first half of 2022, analysts at Bank of America are among experts ramping up warnings in recent weeks that stocks still have further to fall. + +“Everyone is bearish but no one has sold stocks,” Hartnett says, pointing to irrational trading activity in meme stocks and adding that after four straight weeks of gains, the market is showing many characteristics of what is likely to be a “self-defeating rally.” + +The Bank of America analyst points to the fact that out of 43 bear market rallies since 1929 in which the S&P 500 gained over 10%, the average increase is roughly 17.2% over 39 trading days—meaning that the current rally appears to be maxed out, according to historical data. + +What’s more, even after increasing the federal funds rate by 2.25% so far this year, the Federal Reserve is “nowhere near done” with rate hikes to combat inflation, he warns, which will likely put a ceiling on recent market gains. + +WHAT TO WATCH FOR: + +Other analysts at the firm have issued similar warnings in recent days. Bank of America’s head of U.S. equity and quantitative strategy, Savita Subramanian, said in a note to clients on Tuesday that stock market valuations remain far too high for the bear market to be over. A sustained bull market remains “unlikely,” she wrote, citing indicators that instead signal a looming end to the recent bear market rally. + +SURPRISING FACT: + +A bear market rally tends to “always narrow” in terms of leadership, Hartnett adds, pointing to the fact that the likes of Apple, Amazon and Tesla have accounted for outsized portions of the market’s recent rebound. Those three stocks have each risen by more than 30% since the market low point on June 16, far outpacing the benchmark index. + +Source: [https://www.forbes.com/sites/sergeiklebnikov/2022/08/19/bank-of-america-warns-of-textbook-bear-market-rally-predicting-new-lows-for-stocks/?sh=7671430d2ac5](https://www.forbes.com/sites/sergeiklebnikov/2022/08/19/bank-of-america-warns-of-textbook-bear-market-rally-predicting-new-lows-for-stocks/?sh=7671430d2ac5) + +Bank of America (BAC) chief investment strategist Michael Hartnett says the market's recent gains is a “textbook” bear market rally which is set to soon run out of steam. The S&P 500 has rallied 15% since the lows of June. + +Do you agree with BofA? +“Bitcoin is a currency created by this guy called Satoshi and he basically hid them all around the internet for people to find” 🤦‍♂️ + +This guy is a has a successful gaming YT channel. So he is somewhat techie. + +People, you are early. You just need to hodl and not sell your top-tier crypto to wealthy investors who have put their monetary energy into a Fiat system. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +‘Twas the month before Christmas, +And all through the manor, +Was discussions of gift giving, +My wife the chief planner. + + +But what weighed on my mind, +More than anything else, +Was the debt that were hoarding, +For which my heart melts. + + +See dad works so hard, at his job every day, +With the hope that chase, capital one, and discover would some day go away. + + +In fact we still have credit card debt, +from last Christmas too, +yet she wonders why the holidays make me so blue. + + +Yes the sound of jingle bells, makes me cringe with the thought, +that more useless junk will soon need to be bought. + + +We aren’t making any progress, towards the life we desire, +the money isn’t enough, it’s too low to ever FIRE, + + +I can’t help but think “is this what I went to college for?”, +Fifty thousand a year but we always need more. +Minimum payments and groceries and cable galore, +Over time isn’t cutting it, we are still poor. +It’s almost cruel to say, but I wish you grew up poor, +At least then you’d understand me, and what I’m striving for. + + +Now with no food stamps, cause we don’t qualify, +I sometimes do wonder how did we get by. +It’s no mystery though, if you’re just vigilant, +Of the debt to credit ratio, above ninety percent. + + +We’re just one catastrophe away, +Of complete and utter despair, +And this hopelessness has me pulling out my hair. + + +But back on the topic, of why Christmas is agony, +Is the gift giving season, +Oh the humanity. + + +Black Friday ads, fill the airwaves with glee, +But they really just don’t do anything for me. + + +Here I am trying to budget, to strengthen our financial steeple, +But all I hear about is what we should get for other people. + + +And “what do I want”, the question plagues like a cancer, +But apparently “nothing”’s not an acceptable answer. + + +But I ask myself daily, what is it I want, +The truth is it’s not something santa can bring. +I want financial security, not some material thing. + + +So if you see me this winter, don’t be surprised, +If dad has dark bags under his eyes. + + +This treading of water already had me in panic, +But here comes the Christmas iceberg to sink our titanic. + + + +&#x200B; + +https://i.redd.it/r6nvz6g643521.png + +[https://cryptoiq.co/all-of-the-weedcoins-pot-thc-smoke-prg-tks-dope-cann-mrja-grwi-kush-grmd-ccn-stv-cnnc-bgr-mar-blazr-bubo-are-shitcoins/](https://cryptoiq.co/all-of-the-weedcoins-pot-thc-smoke-prg-tks-dope-cann-mrja-grwi-kush-grmd-ccn-stv-cnnc-bgr-mar-blazr-bubo-are-shitcoins/) + + + +***The War On Shitcoins Episode 7: Weed-Themed Coins including*** **Including PotCoin (POT), Paragon (PRG), SMOKE, Tokes (TKS), HempCoin (THC), Marijuana Coin (MAR), CannabisCoin (CANN), CannaCoin (CCN), DopeCoin (DOPE), BlazerCoin (BLAZR), GreenMed (GRMD), Growers International (GRWI), Cannation (CNNC), Bongger (BGR), Sativacoin (STV), KushCoin (KUSH), GangaCoin (MRJA), Budbo (BUBO).** ***The war on shitcoins is a Crypto.IQ series that targets and shoots down cryptocurrencies that are not worth investing in either due to their being scams, having serious design flaws, being centralized, or in general just being worthless copies of other cryptocurrencies. There are thousands of shitcoins that are ruining the markets, and Crypto.IQ intends to expose all of them. The crypto space needs an exorcism, and we are happy to provide it.*** + +There are numerous cryptocurrencies that are nothing more than copies of other cryptocurrencies with marijuana logos slapped on. Perhaps the developers of these cryptocurrencies were running dry and decided to do an ICO or premine in order to fill their war chest with marijuana. Whatever the motives may be, the human race has created 18 weed-themed cryptocurrencies. Each one will be reviewed and properly burned below. + +**Potcoin (POT)** is one of the earliest marijuana-themed cryptocurrencies, having launched in 2014, and has a market cap of[ $2.7 million](https://coinmarketcap.com/currencies/potcoin/). Shockingly, the POT market cap approached $100 million during the 2017 crypto craze. POT is branded as a global solution for the $100 billion global marijuana industry, but obviously, the global marijuana industry has never embraced Potcoin based on the volume of less than $3,000 per day as of this writing. It is actually nonsensical that marijuana enthusiasts would want to be holding and transacting POT since having POT labeled on all of their transactions is much less anonymous than using Bitcoin. POT started as PoW and eventually switched to PoS and has no unique capabilities or characteristics. Since POT’s only unique trait is a weed logo, it is clearly a shitcoin. For each weed-themed cryptocurrency CryptoIQ will give it a classification stoners understand. Since POT is one of the earliest and most popular weed coins and has the second highest weed coin market cap, the classification is **burning blunt**. + +**HempCoin (THC)** is not far behind POT, [with a market cap of $2.3 million](https://coinmarketcap.com/currencies/hempcoin/) and similar minuscule volume of $12,000 per day. THC launched in 2014 and is meant to revolutionize the weed and hemp industry by providing a decentralized payment system. Like POT, there is no reason marijuana entrepreneurs would choose to transact with THC versus Bitcoin, especially since liquidity is so low they would lose money. Apparently, THC is PoW and PoS, but has no unique capabilities. The classification of THC is **half-smoked blunt**. + +**SMOKE** has a [market cap of $840,000](https://coinmarketcap.com/currencies/smoke/#markets) and is listed on some decentralized exchanges. It seems like SMOKE is meant to be the weed version of Steemit. It appears the website did launch and is functioning as a social network for stoners, who can smoke and earn SMOKE. Perhaps SMOKE has potential, so it gets the classification **fresh pinner joint**. However, the entire concept of people motivating each other to smoke drugs to earn cryptocurrency seems like something the world does not need. + +**Paragon (PRG)** is a bit more advanced than the other weed coins since it integrates smart contract technology and can be used to build dApps for the marijuana industry. Perhaps PRG can be nicknamed Weedthereum. PRG has the highest weed coin market cap [at $5.2 million](https://coinmarketcap.com/currencies/paragon/) although volume is only $21,000 per day. The SEC stomped on PRG’s blunt [and issued severe penalties](https://www.sec.gov/litigation/admin/2018/33-10574.pdf) for the unregistered ICO. PRG must return investments to the investors, and since $12 million was raised and PRG has lost over half that value, it seems Paragon is at risk of going bankrupt. This yields the classification of **blunt soaked with trash juice**. + +**Tokes (TKS)** is a weed coin launched via the WAVES blockchain that has [a market cap of $775,000](https://coinmarketcap.com/currencies/tokes/) but less than $400 per day of daily trading volume. Someone dumping the TKS they received from selling a QP of weed could crash the market. Apparently, TKS aims to be a supply chain tracking tool for the marijuana industry, in addition to being a compliant currency for dispensaries, but it is obviously not used much. For now, TKS is classified as **hitting a roach**. + +**DopeCoin (DOPE)** launched way back in 2014 and today is practically dead with a market cap near $420,000 ([seriously](https://coinmarketcap.com/currencies/dopecoin/)) and less than $1,000 of daily trading volume. DOPE transitioned from a PoW to PoS cryptocurrency, and the website is poorly made, unlike the weed coins listed above which have well-built websites. There are no redeeming qualities to DOPE, and its classification is **accidentally inhaled the roach**. + +**CannabisCoin (CANN)** has [a market cap less than $400,000 and volume less than $4,000 per day](https://coinmarketcap.com/currencies/cannabiscoin/). CANN’s goal is to be used to purchase marijuana at dispensaries, and there used to be a product line of weed strains called [CANNdy](https://bitcointalk.org/index.php?topic=827998.0) which were supposed to be traded at one gram per one CANN. Now one CANN is worth half of a penny, so that probably did not work out well. Shockingly, CANN’s market cap hit $30 million in early January 2018, so it has seen an epic collapse this year. This gives CANN the classification **paid for fireweed but got schwag**. + +**GanjaCoin (MRJA)** is the first weed coin in the list that is nearly dead. Based on the Bitcointalk thread, it is listed on a couple of obscure exchanges. GanjaCoin had ambitious plans to open a dispensary in which each gram of weed was backed by one MRJA. GangaCoin is unique among the weed coins since it used masternodes, much like Dash. It is obvious that practically no one is using MRJA, giving it the classification **old roach in a storm drain**. + +**Growers International (GRWI)** is designed for marijuana growers and has some increased capabilities versus other weed coins such as smart contracts, a blockchain repository for cannabis strains, and supply tracking from seed to sale. The idea is legitimate, [but the market cap of $88,000 and less than $1,000 of daily trading volume](https://coinmarketcap.com/currencies/growers-international/) indicates GRWI has failed to take root. This is perhaps due to a [swap to an ERC-20 token](https://bitcointalk.org/index.php?topic=1879760.1040) being required to use any of the dApps, since apparently, the developers could not do it on their own chain. The swap does not appear to be going well, and therefore, GRWI is classified as **burnt fingers on the roach**. + +**KushCoin (KUSH)** is a weed coin that had Weedthereum aspirations, but now the website is dead, the devs have disappeared behind a cloud of weed smoke, and KUSH has been completely delisted. The only appropriate classification is **roach buried in a garbage dump**. + +**GreenMed (GRMD)** has a market history similar to the half-life of radioactive waste, [and currently has a market cap of only $40,000 and daily trading volume less than $300](https://coinmarketcap.com/currencies/greenmed/). Apparently [GreenMed is among the cryptocurrencies that aimed to have an attached debit card](https://bitcointalk.org/index.php?topic=2108848.0), and just like TenX and Monaco, this ended up being disastrous. The website has been converted to a simple marijuana e-commerce store with no mention of cryptocurrency, indicating the developers gave up on the crypto debit card idea. GRMD seems to be completely dead, and the classification is **roach thrown out of a car on the highway**.   + +**CannaCoin (CCN)** is a PoS cryptocurrency with probably no people staking. It may be listed on a random obscure exchange. It appears CCN did not have any unique characteristics yet still hit a market cap of $2 million in January 2018. This is more proof of how detached from reality the crypto rally was since now CCN is certainly dead. The classification is **roach at the bottom of a trash can filled with garbage**. + +**SativaCoin (STV)** has no redeeming qualities, despite being named after a potent strain of marijuana. It was PoS, and that’s about it. During the crypto rally STV nearly hit a $1 million market cap, but the developer team is gone and presumably smoking the portion of the market cap they cashed out. STV is completely delisted and valueless, giving it the classification **shredded roach on the side of the road soaked with trash juice**. + +**Cannation (CNNC)** raised less than a Bitcoin during their mid-2017 ICO, perhaps enough to smoke the dev team out for a month, and now the website is gone. CNNC was just a PoW/PoS hybrid that had no unique capabilities. Really, CNNC is an obvious ICO scam, giving it the classification **bought a weed roach but got a spice roach**. + +**Bongger (BGR)** is named after someone taking a huge rip from a marijuana water pipe, and perhaps that is exactly what the dev team is doing since the devs are still around four years after launch and seem chill about the fact that BGR is worth nothing. The classification for this cryptocurrency is **passed out on the couch and covered with doritos**. + +**Marijuanacoin (MAR)** hit a market cap of $900,000 in January 2018, perhaps for no other reason than it has the word marijuana in its name. The MAR dev briefly showed up in October 2017 and proposed to hard fork the blockchain, and apparently asked for donations, before disappearing forever. MAR continues to be listed on Cryptopia but has no volume, meaning it is worthless. This gives MAR the classification **wind gust blows your joint into a lake**. + +**BlazerCoin (BLAZR)** has no website and no announcement thread but is listed on YoBit despite zero volume. This gives BLAZR the special classification **prison joint made of toilet paper and the scrapings from a green apple**. + +**Budbo (BUBO)** is listed on Cryptopia and HitBTC, with a whopping $63 of volume, enough to buy an eighth. Budbo is branded as a decentralized autonomous organization (DAO) for the weed industry. BUBO was sold in an ICO, [and appears to have collected a whopping $37 million from investors](https://bitcointalk.org/index.php?topic=2657697.0). This is perhaps since the ICO occurred in late December 2017 and January 2018, when investors were overloaded with cash and enthusiasm. The developers still periodically show up and say they are “working on it,” but nothing has been developed, and the website is mediocre. Budbo is certainly the biggest scam in weed coin history and therefore earns the classification **got mugged by drug dealer**. +For those of you in margin call today, please post here and tell us how you got to this point, what mistakes you made on the way to the notification, and how you plan to dig yourself out. + +Let us learn from what got you here. +I've been very lucky for my underlyings to shoot 10% up right after I sell a put. So at this point I've been spoiled and CRSR is unfortunately the first to go in the opposite direction. Which I'm sure will probably not end below $35 by expiration. Let's say it keeps trending lower though. Not worried about getting assigned, more my collateral being tied up until I get assigned. So what's the plan for you guys if it continues to dip? +As thetagang, I use Bollinger Bands upper (for CC) and lower bands (for CSP). I would also check with the news to ensure i am not missing anything. Do you use other TA techniques? +I have about 100k buying power and have just been selling CSPs. Made about 3k in a little over a month my first time trying it out. + +My question is how would you guys maximize the returns? Iron condors? Credit spreads? Jade lizards? + +Just keep selling CSPs? + +How would you set up your plays to make solid consistent and relatively low risk income? + +Thanks y’all +Say account is $100k - how much do you allocate to each position/trade? + +Optionalpha recommends no more than 5% - which implies we need to have 20 positions running in parallel at all times to maximize utilization of capital. + +“Utilization” can be the capital at risk - the amount needed to hold the full security if assigned. + +How do you manage position size? How do you keep track of the different positions running in parallel? +Market is soaring right now, but can't go on forever. Closed out some of my tech positions to have more cash, but thinking about putting that capital on a solid dividend stock instead to at least see some returns without too much downside. + +Thinking about XOM, since it seems to have consolidated in range and I don't expect much from earning either way. Lot of talk about oil price and supply pressures this summer and figured it would be a strong play. + +Anyone else have the same thoughts and eyeing other stocks? +Things have been a little glum on here…understandable. + +Let’s share past stories of success. Feel free to reminisce, humble brag, share specifics. Maybe it can be a learning experience for some of us? + I have searched high and low and tried to create one myself but I'm just a dumb engineer and can't seem to find a good tracker/spreadsheet for monitoring positions I take on for the wheel. If someone can help me out I'll buy you a beer. +I'm thinking about buying a $20 1/23c LEAP on ICLN to get going with a PMCC. The Tastytrade strategy around these is two pronged: + +* Sell OTM calls whose value are greater than the extrinsic of the LEAP; +* Total debit is no more than 75% of the width. + +I get the first part - it ensures that if the calls find themselves ITM, we can't lose money when we exercise the LEAP to cover the shares. But the second is harder for me to understand -- especially as it pushes the short calls \*really\* far OTM. For example, on a $20 LEAP (current premium $10.40, delta 0.78), the least OTM 3/26 call that fulfills the second criterion is the $34, which has the super awesome premium of $0.13 (PoP 95%, delta -0.073). If we only use the first criterion, we get the $30 call with a premium of $0.48 (and a PoP of over 84%, delta -0.23). + +I'd love thoughts from more experienced folks on this as I look for my first PMCC. +I am curious as to the demographics of theta gang subscribers, is everyone here independently wealthy at 45+ years old simple living off the income from selling puts and related strategies? + +I'm asking because I see a lot of strategies and bragging about getting 0.50 %- 1% per month and being satisfied with that, with the major accomplishment of reducing volatility!!! yay!...in my opinion volatility is there to be exploited as an entry point deeply lower than where the market was assuming fundamentals are not impacted +I’ve been selling CSPs for about 1.5 years now through Fidelity. I’m fairly conservative and am virtually never assigned. I typically have a decent cash reserve (~$100k) that I am using to secured the puts in case I am assigned. + +If possible, I would like to generate interest on the cash that I am using to secure the puts. Are there any recommendations out there for brokerages that pay the best interest rate for cash used for CSPs? + +I believe Fidelity offers this but the amount is very minimal. Robinhood Gold offers a decent % but it does not pay on cash that is allocated for short positions. Any other tips or thoughts? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +SHLL dipped pretty hard this morning and is a good opportunity to sell the 7/17 20p. + +I sold 4 of them for 0.95 avg. + +I know some of you prefer selling further OTM, but I believe $20 per share of Hyliion is a great entry point to a great company anyways if you get assigned. + +Edit: was about to buy to close at 0.10 today. Not bad 2 day flip +Hello, +I hate long walls of text so I’ll keep it concise. +- I wheel some stocks +- for csps I make sure that I have enough CASH in my account at all times so I dont have to worry about rolling or taking on margin if assigned (e.g MARA csp 40 strike; and I make sure I have 4k Cash in my account while the position is open) +- I have lots of options buying power (over 50k) but I feel like I’m underutilizing it and leaving money on the table + +Is this too inefficient? How do you guys balance risk/reward? + +Thanks! +They now love $AMC more than $GME? +Time to sell them the calls they so richly deserve! + +Sold weekly 37 call @ 1.02. + +Editing to add: naked call. +I avoid the stock like a crazy ex- who owes you money. Which come to think of it is exactly the same relationship many former holders of AMC have with the stock. +Hello, if I sell a CSP and it goes ITM and is assigned, I have to purchased the stocks, but do I also get to keep the premium I was paid? + +Sorry if this is a stupid question, but as the contract doesn’t expire worthless, does the person who exercised it pay me the premium? +It has occured to me that with so many use cases: TheDao, other DAOs, Staking, Gas, Hodling, (Whatever else follows)... After switch to POS, there won't be many liquid coins on the market. I'ts not outside of the realm of possibility that we could see ETH prices greater than/ equal to BTC prices. +As we're getting closer and closer to Devcon, I wanna see some discussion on what you guys are the most excited about. Tbh I can't wait to see some of the speakers and hanging out with this awesome community! +BUY ETH! +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! + +Good Saturday morning to all of you here on r/stocks. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead. + +Here is everything you need to know to get you ready for the trading week beginning March 29th, 2021. + +# **The end of the quarter could create volatility for markets in the week ahead - [(Source)](https://www.cnbc.com/2021/03/26/the-end-of-the-quarter-could-create-volatility-for-markets-in-the-week-ahead.html)** +***** +> Stocks could be buffeted by end-of-quarter trading in the week ahead, as pension funds and other big investors buy bonds and sell stocks to rebalance their portfolios. +***** +> The dramatic move higher in bond yields this quarter sets up fund managers to shift their holdings, to make up for the shortfall in bond holdings. +***** +> The focus in the coming week could turn to the overall economy, with the March employment report expected Friday and the White House’s infrastructure plans expected to be unveiled Wednesday. There is also ISM manufacturing data released on Thursday. +***** +> The March jobs report is scheduled for a morning when the stock market is closed for the Good Friday holiday, but bonds will trade half a day, ending at noon. Economists expect 630,000 jobs were added in March, and the unemployment rate fell to 6% from 6.2%, according to Dow Jones. +***** +> President Joe Biden is expected to unveil details of his $3 trillion to $4 trillion infrastructure plan on Wednesday in Pittsburgh, but strategists say it is too soon to say what form the plan could take or how large it will be in its final form. +***** +> Stocks were higher in the past week, while Treasury yields were less volatile. The closely watched 10-year was at 1.67% Friday, down from 1.75% in the prior week. Yields move opposite price, and strategists expect rates to continue to slip in the coming week as investors rebalance their holdings. +***** +> “It’s the last week of the quarter so there could be just a lot of noise related to that,” said Peter Boockvar, chief investment strategist at Bleakley Advisory Group. “Obviously, we’ll be keeping an eye on bonds. The 10-year now seems to be in a range of 1.60% to 1.70%. I think people are just trying to find their footing here. They’re trying to figure it out.” +***** +> Some strategists say the quarter-end trade could end up being positive for stocks, especially big cap tech, since rates have stopped moving higher temporarily. +***** +> Stocks are higher for the quarter so far. The S&P 500 was up 1.6% for the week and up 5.8% for the quarter to date. The Dow was up 1.4% for the week, and has an 8% gain for the first quarter so far. The Nasdaq has been the laggard, falling 0.6% for the week and up 1.9% for the quarter. +***** +> Bonds have staged a much more dramatic move for the quarter with the benchmark 10-year yield rising from 0.93% at the end of last year. +***** +> “It’s in the driver’s seat right now,” said NatWest’s Blake Gwinn of the 10-year yield. The 10-year is the most widely followed yield since it influences mortgages and other key financing rates. +***** +> Gwinn, head of U.S. rates strategy, said he changed his view on the 10-year and he now expects the yield to reach 2% by year-end from 1.75%. But in the near term, he said, the yield could continue to fall as big funds buy Treasurys. Japanese investors are also expected to be active buyers around their year-end, which is Wednesday. +***** +> “If anything, we’re really hoping it continues to push yields a little lower, so it gives us a better spot to get involved in shorts again,” he said. +***** +> # Infrastructure plan +> Gwinn said he is focused on the Biden infrastructure plan and does not believe it is yet priced into the market. The $1.9 trillion fiscal plan, just signed by the president, was one driver of bond yields, as investors weighed the anticipated bump in economic activity and higher debt levels it will bring. +***** +> “The Biden plan to me is the biggest risk for the Treasury market right now. I don’t have what is the full Biden plan happening this year priced in to my ... forecast,” he said. “If all of a sudden we start moving quickly on that, and that starts coming together in Q2, I’m going to have to reconsider my 2% target.” +***** +> Gwinn said the market has “fiscal fatigue.” +***** +> “There’s a lot of doubt and uncertainty about how it’s going to be passed, when it’s going to be passed and whether it’s going to be passed ... It’s not tangible enough,” he said. +***** +> The plan is expected to span multiple years, and Democrats are expected to seek tax hikes to pay for it. +***** +> # Rotation +> The rotation into cyclicals and value stocks is expected to continue into the next quarter. For the first quarter so far, energy and financials were the best performers, up about 33% and 16.5% respectively. Tech was up 1.7%, but it was a better performer than utilities and consumer staples. +***** +> “I think certain parts of the market have plenty of upside but part of that may come at the expense of the growth stocks,” said Dan Suzuki, deputy CIO at Richard Bernstein Advisors. He also expects growth stocks to continue to react negatively to rising interest rates and positively when they fall. That trade decoupled somewhat in the past week. +***** +> “It’s not going to match one for one with every wiggle,” he said. “I think the basis behind it is real. If you think rates are going to get up to 2% by the end of the year, that’s really bad for expensive high-growth names. The markets care less about absolute levels and more about direction. The higher rates go, the worse it is for high multiple stocks.” +***** +> Suzuki said the rise in rates is knocking some of the froth out of the market. The stocks of special purpose acquisition companies, or SPACs, had been jumping on their first days of trading in February, averaging more than 5% gains, and saw no gain in March, according to data from a University of Florida finance professor. +***** +> “As we’re seeing the economy get better and better at an incredible fast rate, especially when you add on stimulus, you have companies that are going to benefit most from that acceleration, that are going to be up 2X, 3X plus,” he said. “To their credit, those high multiple growth stocks were so resilient last year ... Tech earnings growth is coming in at mid-teens next year, but again, the more cyclical parts of the economy — energy, materials, industrials, small caps, they’re going to put up much stronger earnings growth this year as a result of the recovery. +***** + +# **This past week saw the following moves in the S&P:** +###### **([CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!](https://i.imgur.com/vO6bgbd.png))** + +# **S&P Sectors for this past week:** +###### **([CLICK HERE FOR THE S&P SECTORS FOR THE PAST WEEK!](https://i.imgur.com/DHyy0jK.png))** + +# **Major Indices for this past week:** +###### **([CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!](https://i.imgur.com/r9toVhW.png))** + +# **Major Futures Markets as of Friday's close:** +###### **([CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!](https://i.imgur.com/WsvEjsM.png))** + +# **Economic Calendar for the Week Ahead:** +###### **([CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!](https://i.imgur.com/Yifrz8S.png))** + +# **Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/ciosFuJ.png))** + +# **S&P Sectors for the Past Week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/mlnREkj.png))** + +# **Major Indices Pullback/Correction Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/CtwxDvI.png))** + +# **Major Indices Rally Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/DIpCmjL.png))** + +# **Most Anticipated Earnings Releases for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/a57hPvk.png))** + +# **Here are the upcoming IPO's for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/up2SDlt.png))** + +# **Friday's Stock Analyst Upgrades & Downgrades:** +###### **([CLICK HERE FOR THE CHART LINK #1!](https://i.imgur.com/16Psc5m.png))** +###### **([CLICK HERE FOR THE CHART LINK #2!](https://i.imgur.com/TSJJQus.png))** +###### **([CLICK HERE FOR THE CHART LINK #3!](https://i.imgur.com/pLkbs1k.png))** + +***** + +> # April Almanac: Top DJIA Month – Up 15 in a Row + +> April marks the end of the “Best Six Months” for DJIA and the S&P 500. The window for our seasonal MACD sell signal opens on April 1st. From our Seasonal MACD Buy Signal on November 5, 2020 through yesterday’s close, DJIA was up 16.3% and S&P 500 had advanced 13.2%. These above average gains are encouraging and suggests seasonality is back on track after getting derailed by Covid-19 last year. + +> April 1999 was the first month to gain 1000 DJIA points. However, from 2000 to 2005, “Tax” month was hit, declining in four of six years. Since 2006, April has been up fifteen years in a row with an average gain of 2.9% to reclaim its position as the best DJIA month since 1950. April is second best for S&P and fourth best for NASDAQ (since 1971). + +> The first half of April used to outperform the second half, but since 1994 that has no longer been the case. The effect of April 15 Tax Deadline (moved to May 17 for 2021) appears to be diminished with numerous bullish days present on either side of the day. Traders and investors are clearly focused on first quarter earnings and guidance during April. + +> This year, guidance is likely to be the greatest focus as the economy continues to reopen. Traders and investors will likely be looking for signs that “work-from-home” stocks can continue to grow and signs that leisure, hospitality, and travel are rebounding. + +> Typical post-election year blues have done little to damper April’s performance since 1953. April is DJIA’s second best month in post-election years, gaining 1.9% on average. April is fourth best for S&P 500 and NASDAQ. Although post-election year 2005 did suffer a 3% DJIA decline. + +> ###### **([CLICK HERE FOR THE CHART!](https://64.media.tumblr.com/9044f7ae02c5c0f0137bff0911ef7cb6/1367b75d549eb11f-fe/s400x600/d969c7c83e5a15cfb4c671e0a9ca959aa6c9fc54.jpg))** + +***** + +> # Historic Year for the S&P 500 + +> Tomorrow will mark the one-year anniversary of the S&P 500's closing low from the COVID crash, and for most stocks in the index, it has been a historic year. Within the S&P 500, stocks in the index are up an average of 104.22% through Friday's close, and just three stocks - all from the Health Care sector - are actually lower. Leading the losers, Gilead (GILD) has declined over 10%. Recall that GILD performed well during the initial stages of the pandemic on the promising results of its drug Remdesivir in treating COVID patients, but once the market started to rally, it was left behind. + +> The table below lists the top 25 performing stocks in the S&P 500 since the closing low on 3/23/20. Topping the list with a gargantuan gain of 763% is ViacomCBS (VIAC). After trading below $12 per share last March, the stock is close to triple-digits today. Behind VIAC, Tesla (TSLA), L Brands (LB), Etsy (ETSY), and Freeport-McMoRan (FCX) round out the top five, and all have gained in excess of 500%. Interestingly enough, despite the strength of the sector for what seems like years now, the only stock on the list from the Technology sector is Enphase Energy (ENPH). In fact, after ENPH, you have to go all the way down to the 53rd spot to find the next stock from the Technology sector (Applied Materials - AMAT, +186%). + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/03/032221-best-stocks1.png))** + +> Leading the way higher, stocks in the Consumer Discretionary and Energy sectors are both up an average of over 150%, while Consumer Staples and Utilities are the only two sectors where each one's components are up an average of less than 50%. Just to the right of the S&P 500 in the chart below is the Technology sector which is one of five sectors where the average performance of its components is less than 100%. A gain of 96.1% in a year is nothing to sneeze at in any market environment, but just the fact that the average performance of stocks in the Technology sector since the March lows is now lower than the average of the S&P 500 illustrates the shift we have seen since the sector's peak relative strength last fall. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2021/03/032221-Sector-table.png))** + +***** + +> # The Big Winner of the Past Year: Commodities + +> It has been just over a year since the S&P 500 Index bottomed on March 23, 2020, and while global stock markets have provided historic returns since the low, the biggest winners come from a completely different asset class: commodities. As global activity quickly ground to a halt, commodity prices plummeted, with oil prices even trading for a negative value for the first time in history. + +> Since March 23, 2020, commodity markets have roared back as the global economy has emerged from the shadow of COVID-19. As shown in the LPL Chart of the day, oil and lumber prices have more than doubled off the lows, while copper prices have pulled back a bit after reaching that feat back in February: + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2021/03/3.25.21-Blog-Chart-1.png?ssl=1))** + +> “After likely their worst period in history, although I wasn’t around for the bubonic plague so I can’t be certain, commodity prices have roared back as the global economy continues to wake up,” added LPL Financial Chief Market Strategist Ryan Detrick. “The US and China are well ahead of other nations in terms of economy activity and output, so as the rest of the world plays catch up, we wouldn’t be surprised to see commodities rise even further.” + +> The emergence from lockdowns and subsequent increase in activity has boosted prices from the outright deflationary environment we saw last spring, to a more reflationary environment in recent months, and this has pulled commodity prices along with it. The commodity market’s top performer, lumber, has seen a particular boom in prices as the “stay at home environment” benefitted the housing market, leading to all-time highs in housing starts in December—even surpassing the high water mark set before the pandemic began. Adding to the fervor, mortgage rates continued to set record lows, falling as low as 2.82%, according to the Bankrate 30-year national average. + +> We upgraded our view on oil in our January Global Portfolio Strategy publication, as strong technical factors favored prices to accelerate higher. Further, oil prices have continue to benefit from a favorable supply environment, with OPEC+ maintaining output until global demand rises, though the risk of a global increase in production at higher prices remains a risk to our view. + +***** + +> # Mean Reversion After Biggest 1-Year Spike Since 1949? + +> ###### **([CLICK HERE FOR THE CHART!](https://64.media.tumblr.com/5689a720ed84d38815a99feebc905f12/e0f60c4ce9518235-5d/s500x750/0ac0150b41e963199a102d356909aac776eb265d.jpg))** + +> Lots of chatter out there about the giant 1-year gain of 75% on the S&P 500 from the March 23, 2020 low – actually it’s 74.78%. It may very well be the beginning of a new bull market, but that does not mean (pun intended) that we should expect gains like these moving forward. + +> We ran the numbers on the 1-year rolling returns for the S&P 500 back to 1949 and while these giant spikes do come at the early stages of extended bull runs gains of this magnitude have not been sustained and the market has tended to revert to the mean. The arithmetic mean or average rolling 1-year return since 1949 is 9.15%, which isn’t bad either. + +> With lingering pandemic/vaccine and political and geopolitical issues, all the noise from the Fed and the bond market, Robinhood and Reddit stock pumping, rich valuations, teetering internals, extended technicals – and the end of the Best Six Months November-April on the horizon, it is not inconceivable to expect the market to consolidate over the Worst Six Months May-October (AKA “Sell in May”). + +> Last time we had a 1-year rolling return of this magnitude in 2010 when the S&P was up 68.57% on March 9, 2010 from the March 9, 2009 secular bear market low we had a 10.34% correction to the July 2, 2010 low and a 15.75% rolling 1-year return from March 9, 2010 to March 9, 2011. And let’s not forget the May 6, 2010 flash crash. So while we are by no means “bearish” perhaps a little caution and portfolio defense in the near future is not a crazy idea. + +***** + +# **STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending March 26th, 2021** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!]())** +(VIDEO NOT YET POSTED.) + +# **STOCK MARKET VIDEO: ShadowTrader Video Weekly 3.28.21** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!]())** +(VIDEO NOT YET POSTED.) + +***** + +###### **([CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!](https://i.imgur.com/a57hPvk.png))** +###### **([CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!](https://i.imgur.com/7ZBW7kO.png))** +###### **([CLICK HERE FOR THE MOST ANTICIPATED EARNINGS RELEASES BEFORE MONDAY'S MARKET OPEN!]())** +(N/A.) + +***** + +Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: + +***** + +> # ***Monday 3.29.21 Before Market Open:*** +> ###### ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/KCFoZ0p.png)) + +> # ***Monday 3.29.21 After Market Close:*** +> ###### ([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES LINK!](https://i.imgur.com/A79uQcQ.png)) + +***** + +> # ***Tuesday 3.30.21 Before Market Open:*** +> ###### ([CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/JTM92oZ.png)) + +> # ***Tuesday 3.30.21 After Market Close:*** +> ###### ([CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/CO3uIVi.png)) + +***** + +> # ***Wednesday 3.31.21 Before Market Open:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/T13r2c7.png)) + +> # ***Wednesday 3.31.21 After Market Close:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/4o0Mk0k.png)) + +***** + +> # ***Thursday 4.1.21 Before Market Open:*** +> ###### ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/EE7bg7B.png)) + +> # ***Thursday 4.1.21 After Market Close:*** +> ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/SWonNMB.png)) + +***** + +> # ***Friday 4.2.21 Before Market Open:*** +> ###### ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]()) +(NONE.) + +***** + +> # ***Friday 4.2.21 After Market Close:*** +> ###### ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) +(NONE.) + +***** + +> # BlackBerry Limited $9.63 +**BlackBerry Limited (BB)** is confirmed to report earnings at approximately 5:05 PM ET on Tuesday, March 30, 2021. The consensus earnings estimate is $0.03 per share on revenue of $246.36 million and the Earnings Whisper ® number is $0.05 per share. Investor sentiment going into the company's earnings release has 68% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 66.67% with revenue decreasing by 12.64%. Short interest has increased by 27.2% since the company's last earnings release while the stock has drifted higher by 23.0% from its open following the earnings release to be 35.2% above its 200 day moving average of $7.12. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, March 23, 2021 there was some notable buying of 5,536 contracts of the $11.00 call expiring on Thursday, April 1, 2021. Option traders are pricing in a 11.0% move on earnings and the stock has averaged a 12.0% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=BB&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Micron Technology, Inc. $87.99 +**Micron Technology, Inc. (MU)** is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, March 31, 2021. The consensus earnings estimate is $0.96 per share on revenue of $6.20 billion and the Earnings Whisper ® number is $1.00 per share. Investor sentiment going into the company's earnings release has 77% expecting an earnings beat The company's guidance was for earnings of $0.68 to $0.82 per share. Consensus estimates are for year-over-year earnings growth of 113.33% with revenue increasing by 29.25%. Short interest has decreased by 26.1% since the company's last earnings release while the stock has drifted higher by 6.6% from its open following the earnings release to be 40.1% above its 200 day moving average of $62.82. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, March 16, 2021 there was some notable buying of 13,152 contracts of the $90.00 call expiring on Friday, July 16, 2021. Option traders are pricing in a 3.7% move on earnings and the stock has averaged a 5.6% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=MU&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Chewy, Inc. $78.66 +**Chewy, Inc. (CHWY)** is confirmed to report earnings at approximately 4:10 PM ET on Tuesday, March 30, 2021. The consensus estimate is for a loss of $0.09 per share on revenue of $1.96 billion and the Earnings Whisper ® number is ($0.02) per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 40.00% with revenue increasing by 44.70%. Short interest has decreased by 16.8% since the company's last earnings release while the stock has drifted higher by 0.8% from its open following the earnings release to be 8.9% above its 200 day moving average of $72.21. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, March 26, 2021 there was some notable buying of 12,124 contracts of the $75.00 put expiring on Friday, April 16, 2021. Option traders are pricing in a 6.3% move on earnings and the stock has averaged a 5.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=CHWY&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # lululemon athletica inc. $314.00 +**lululemon athletica inc. (LULU)** is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, March 30, 2021. The consensus earnings estimate is $2.49 per share on revenue of $1.66 billion and the Earnings Whisper ® number is $2.59 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 9.21% with revenue increasing by 18.78%. Short interest has increased by 31.2% since the company's last earnings release while the stock has drifted lower by 14.3% from its open following the earnings release to be 8.1% below its 200 day moving average of $341.55. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, March 26, 2021 there was some notable buying of 1,135 contracts of the $340.00 call expiring on Thursday, April 1, 2021. Option traders are pricing in a 3.8% move on earnings and the stock has averaged a 5.9% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=LULU&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # BioNTech SE $95.76 +**BioNTech SE (BNTX)** is confirmed to report earnings at approximately 7:15 AM ET on Tuesday, March 30, 2021. The consensus estimate is for a loss of $0.18 per share on revenue of $226.94 million and the Earnings Whisper ® number is ($0.23) per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 37.93% with revenue increasing by 632.09%. Short interest has decreased by 41.5% since the company's last earnings release while the stock has drifted lower by 12.9% from its open following the earnings release to be 8.0% above its 200 day moving average of $88.65. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, March 17, 2021 there was some notable buying of 1,006 contracts of the $135.00 call expiring on Friday, April 30, 2021. Option traders are pricing in a 3.6% move on earnings and the stock has averaged a 4.9% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=BNTX&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Walgreens Boots Alliance Inc $52.03 +**Walgreens Boots Alliance Inc (WBA)** is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, March 31, 2021. The consensus earnings estimate is $1.14 per share on revenue of $35.48 billion and the Earnings Whisper ® number is $1.27 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 25.00% with revenue decreasing by 0.95%. Short interest has decreased by 21.7% since the company's last earnings release while the stock has drifted higher by 18.1% from its open following the earnings release to be 23.5% above its 200 day moving average of $42.12. Overall earnings estimates have been unchanged since the company's last earnings release. On Wednesday, March 24, 2021 there was some notable buying of 2,558 contracts of the $57.50 call expiring on Friday, May 21, 2021. Option traders are pricing in a 3.3% move on earnings and the stock has averaged a 5.1% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=WBA&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # Kandi Technolgies $5.93 +**Kandi Technolgies (KNDI)** is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, March 30, 2021. The consensus estimate is for a loss of $0.08 per share on revenue of $33.10 million. Investor sentiment going into the company's earnings release has 65% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 42.86% with revenue decreasing by 46.47%. Short interest has increased by 18.0% since the company's last earnings release while the stock has drifted lower by 34.3% from its open following the earnings release to be 17.7% below its 200 day moving average of $7.21. Overall earnings estimates have been revised higher since the company's last earnings release. On Friday, March 12, 2021 there was some notable buying of 6,400 contracts of the $5.00 put expiring on Friday, April 16, 2021. Option traders are pricing in a 21.2% move on earnings and the stock has averaged a 5.3% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=KNDI&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # CarMax, Inc. $133.81 +**CarMax, Inc. (KMX)** is confirmed to report earnings at approximately 6:50 AM ET on Thursday, April 1, 2021. The consensus earnings estimate is $1.27 per share on revenue of $5.15 billion and the Earnings Whisper ® number is $1.51 per share. Investor sentiment going into the company's earnings release has 58% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 2.31% with revenue increasing by 3.78%. Short interest has decreased by 45.9% since the company's last earnings release while the stock has drifted higher by 38.5% from its open following the earnings release to be 29.8% above its 200 day moving average of $103.11. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, March 24, 2021 there was some notable buying of 1,123 contracts of the $132.00 call expiring on Thursday, April 1, 2021. Option traders are pricing in a 4.1% move on earnings and the stock has averaged a 6.0% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=KMX&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +> # McCormick & Company, Incorporated $90.21 +**McCormick & Company, Incorporated (MKC)** is confirmed to report earnings at approximately 6:30 AM ET on Tuesday, March 30, 2021. The consensus earnings estimate is $0.57 per share on revenue of $1.37 billion and the Earnings Whisper ® number is $0.59 per share. Investor sentiment going into the company's earnings release has 49% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 47.22% with revenue increasing by 13.04%. Short interest has increased by 12.2% since the company's last earnings release while the stock has drifted lower by 0.9% from its open following the earnings release to be 2.9% below its 200 day moving average of $92.92. Overall earnings estimates have been revised higher since the company's last earnings release. Option traders are pricing in a 4.2% move on earnings and the stock has averaged a 3.6% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=MKC&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# DISCUSS! + +What are you all watching for in this upcoming trading week? + +***** + +I hope you all have a wonderful weekend and a great week ahead r/stocks. +Wanted to ask this question on the below thread but to avoid it getting lost, have made a new one: [https://www.reddit.com/r/investing/comments/effxs2/what\_of\_your\_wealth\_is\_on\_investments\_vs\_savings/](https://www.reddit.com/r/investing/comments/effxs2/what_of_your_wealth_is_on_investments_vs_savings/) + +It's a sensitive question to some, so I'm not expecting everyone to like this post as it's intrusive; to those of you willing to share - thanks in advanced. + +I'm asking because I was genuinely surprised with the number of people who were heavily invested vs. saving cash on the side in the earlier thread, but I can't make out whether most posters are 99% invested with their $1000 or with $100,000. + +I'll kick it off, my split is: **40% property (\~£130,000) / 60% cash (£200,000) / 0% invested!** + +EDIT: THANK YOU FOR ALL THE RESPONSES - VRRY INSIGHTFUL & IMPRESSIVE VIEWS ACROSS THE THREAD. +February 22nd 2019 is the last day I worked so it's been 3 years now. + +Last year's post is here: https://www.reddit.com/r/financialindependence/comments/lppel7/two_year_update_39_yo_fired/ + +**Expenses** + +So unfortunately I've changed the way I spend money and it's not compatible with Mint anymore, so I don't have the full category breakdowns with charts / graphs I've had in the past, but I'll do my best. + +**Taxes:** $50,245. I paid $40,000 in quarterly Federal estimated taxes and $8000 in quarterly State estimated taxes, in addition to the $655 I owed for Federal and $1575 I owed for State last April. (I realized a bunch of capital gains last year and had some significant interest income.) + +**Home:** $3460. $99 per month for HOA, $515 for the year for Insurance, and I've started investing my HELOC so I have about $185 per month in Interest from that, plus the $50 yearly HELOC maintenance fee. $1520 in property taxes. + +**Healthcare:** $4840. Health Insurance was $327 last year and $345 starting this year with Dental going from $26 per month to $28 per month. Got a Crown last year that cost me $565. + +**Utilities:** $2450. Electric for the year $842 (just over $100 in the four A/C months, and $50 the rest of the year). Gas for the year $456 (~$70 in the four winter months, $17 for the rest of the year) Internet is still $73 per month ($876). Phone bill is $275 for the year. + +**Automotive:** $2175. I spent $1059 on gas last year and drove a total of 5200 miles. Auto Insurance was $506 per six months, twice, so $1012. $105 oil change. No other maintanence, but I'll probably be getting my brakes done and need new tires this year, so that will be a hit. + +**Entertainment:** $657. $13.77 for Amazon Prime, $7.99 for Disney+, $17.99 for Netflix, $9.99 for Spotify, and $5 for Clash of Clans. The Prime, Netflix, and Spotify are all reimbursed (~$430 per year). I also spent around $120 on other video games last year. + +Debit Card: $12,592. Now the categorization problem. I switched over to using a pre-paid debit card (5% cash back) but it does not have Mint integration, and I'm not going to categorize the 400+ lines by hand. I did a quick run through and just threw a "1" next to lines that looked like food / dining / snacks, and a "2" against lines that looked like "misc spending" whether that be gifts, clothes, shoes, bidet, etc. That $12,592 is the grand total I put on the debit card over the year with about $2600 of that total already categorized above (e.g. Prime/Netflix/Spotify, Internet, and some other stuff is all on the Debit Card). + +**Food:** My "Food" tally was $8590. This more/less matches the $8000-$9000 in spending I've had the past two years. + +**Purchases:** $1408. This included things like my $566 bidet, $80 shoes, a few hundred dollars in Christmas gifts, movie ticket purchases, my $115 concealed pistol license renewal, and other Amazon purchases. + +**TOTAL** Ignoring the Taxes section, my total expenses add to $23,580. This pretty much jibes with my expenses from last year ($28,000, but I had several big "one-timers" last year like the $2000 roof assessment and $3500 TV I bought). + +--------------------- + +**Investments:** + +I'll just add to the Table I posted last year. + +Type|Retirement Day|1 Year|2 Years|3 Years +:--|:--|:--|:--|:-- +*Traditional IRA*|$299,000|$348,000|$380,170|$410,285 +*Roth IRA*|$14,500|$18,150|$70,236|$75,800 +*Brokerage*|$18,400|$22,900|$37,108|$179,110 +**Total Vanguard (3 Above)**|$331,800|$389,100|$487,515|$665,195 +Other Holdings, Crypto/Bitcoin|$145,000|$291,000|$1,315,000|$985,000 +HSA Investment|$6000|$7400|$8760|$9453 +Cash|$20,000|$9000|$135,000|$9345 + +Crypto is down a little bit from where it was 1 year ago, but that still puts me at around $1,670,000 in financial accounts. During the bull run last year for Bitcoin I sold off a bit and moved the money into my brokerage account, which is why I'm going to have a $40,000+ tax bill this year. + +I also started getting into the DeFi, Crypto Lending / Interest Earning systems. I ended up having interest income of ~$52,000 last year, which is pretty nice given my expenses are in the $25,000 range. And that was just for the partial year, I'm expecting closer to $80,000+ this year. + +It's a bit risky and out of many peoples comfort zones, but I'd been working out okay for me so far. + +**The Living Part** + +Is this pandemic thing still going on? Has it been another whole year already. + +I'm still not going out a whole bunch, but it's certainly not as locked down as before. My D&D buddy and his wife had another kid last year and the pregnancy was pretty rough (just constantly tired / nauseous.) So D&D was on hold but I was still going over and playing other games. Going hard on Gloomhaven, and lately we've been playing Terraforming Mars which was surprisingly good. Now that the kid is born and Mom's feeling better, last week we had a quick 30-minute "Session 0" to re-establish where we are in the world, do some in-town tasks (buy new horses since a Troll ate ours...) and what we want to do going forward. I just got a text today inviting me over for D&D this weekend, so yay! + +Home life is same old. I'm kind of on a 6-8 hour sleeping cycle many days. Get up in the morning, drink some water, hang out listening to a podcast or watching a video, then going back to sleep for a few hours. Lots of periodic napping. + +Two of my cousins are planning on a cruise getaway in the fall which I might go on. I've never been on a cruise but I want to, and this might be a good chance. My one cousin (36F) has been cruising solo for the past couple years, and now it's her and her brother (34M) who are arranging this thing in the fall. This might be a good opportunity to reconnect. The Cousins have never really been close: we all get along and are excited to see each other, but it was really only a twice a year 4th of July and Christmas situation, which totally evaporated the past two years for obvious reasons. + +**Moving House** + +One last topic, I guess. I'm considering moving house soon. I've been in this 800 sq ft condo for 12 years now and I'm thinking about moving to 1) upgrade and 2) be closer to my circle of friends. [Rough Map](https://i.imgur.com/6PqU5Ky.png) "B" is the D&D friend and one I hang out with the most but is 30 miles away. + +As we all get older I can only assume we'll be hanging out together more and more often, especially once these guys start retiring too. I want to move into a bigger (and nicer) place that is more centrally located to my inner circle of 4 close friends. + +There are some really nice areas over there and I'm looking at places that are currently in the $350,000 to $450,000 range. Things keep coming up for sale and I have my eye on a few neighborhoods, but I'm just not ready to pull the trigger just yet. I'm not **really** in any rush, there's nothing pushing me other than a mere desire. So I can wait. Wait out the pandemic, wait out the... whatever it is the market is doing right now. Wait for the next Crypto bull run later this year or next year. But I'll keep looking at Zillow and refining what exactly I'm looking for. Maybe one will pop up that I just cannot refuse. We'll see. +"My goal with options is to make 500-1000 a week. Like I said I have a 30k account. Do you think it's doable?" + +I receive chats like this semi-regularly, so I want to make a post I can direct people to (because my thoughts remain the same). This is in NO WAY to shame the question. I understand the paradigm and think it's better to ask then to assume it's possible. There's enough negativity out there, no reason to bash on someone's naivete. With that intro, you can guess where this is going. + +I've been trading options for over 15 years and have a 22.8% CAGR from 2007-2021. There are FAR better traders than me out there, so I do not think I am any kind of example of what maximum potential looks like. That being said, statistically speaking the vast majority of traders have a hard time being profitable, let alone outpacing the market. + +In short, I would say it's possible - and this is ONLY because I think very few things are truly impossible. However, I think a return like this is so unbelievably unlikely that I cannot overstate how unlikely it truly is. I'd place it somewhere around the odds of winning the McDonald's monopoly game 3 times (single win probability is around 1 in 451,822,158). + +Let's gain some context using the midpoint, $750 per week. If we're assessing the ability to achieve that reliably each week, see the probabilities above. If we're assessing the ability to produce this on a monthly or annual basis, it equates to around $3,000/month (10% return) or $36K/year (120% return). That monthly return is certainly doable - doing that every month of the year is very unlikely. + +I find that translating the $$ return to a % return is a great tool to equalize the assessment. Many people will look at a seemingly small return, can I make $500/month on a $5000 account. $500 is a small amount and seems attainable as a $ figure. However, it's the same % as the example above. + +As we gain experience, many things are possible. When we're first starting out (within 5 years of starting to trade) objectives like this more often lead to traders being erased due to taking too much risk chasing an arbitrary target without regard to their skillset. Focus first on being profitable, then optimizing and increasing return potential (or variance reduction, whatever your goals are). +https://www.reuters.com/article/us-health-coronavirus-usa-airlines-progr/exclusive-treasury-wants-warrants-repayment-from-major-u-s-airlines-on-30-of-grant-money-sources-idUSKCN21S1Y7 + +"Three people briefed on the matter said the warrants, which would give the government the right to buy equity at a pre-set price and time, would be equal to 10% of the value of the loan. + +That means that every $1 billion in government aid would include $700 million in grants, $300 million in low-interest loans and an option for the government to buy $30 million in shares. Two people said the warrants would be priced at current stock prices." + +I am sure airlines don't like this either but it does not sound as bad as thought before. +I’ve posted in another community and was referred here, hope you guys can help… + +I’m having trouble wording this, because I have very little knowledge on investment accounts and things of that nature. I’d like to open accounts for my two young children (under 2 years old) that they can access as adults. I’m thinking after they’ve a)graduated college or b)turn 25. I have no idea what to look into, or what type of accounts grow the most interest, so I come here, hoping to be educated. +Hi there, + +I get that DRIP is great, but if I have a set of stocks I like there will be times some of them are very cheap while others are more expensive. Does it make most sense to DRIP all positions, or to allocate cash dividends towards the (perceived) best-valued stock in my portfolio at that time? At some point it doesn't make sense to be reinvesting dividends in my over-valued stocks when I could be re-allocating those dividends towards under-valued positions and potentially even averaging down in those. + +Thanks! +Hey all, + +Hope your portfolios are looking good today. Question for you all. I'm a relative newcomer, just over a month now and feeling pretty good about what I've picked. That said, I'm not ready yet to ask the rate my portfolio megathread, as I feel like my allocated percentages will be all over the place, which is something I'll be working on for the rest of the year. So with that being said, what's a good method of determining if a stock/etf is over/underweight in your portfolio and what dictates that? + + +Despite strong sales growth online and at its flagship Canadian Tire stores, retailer Canadian Tire Corp. Ltd. reported a loss in its second quarter, as the impact of store closures during COVID-19 affected performance. + +The Toronto-based retailer reported a net loss attributable to shareholders of $20-million or 33 cents per share in the second quarter ended June 27, compared to earnings of $177.4-million or $2.87 per share in the same period last year. + +Like many retailers, the company was forced to close its SportChek, Mark’s and Helly Hansen stores as a result of public-health measures during the pandemic. Canadian Tire stores in Ontario were also closed for most of April, representing 40 per cent of the company’s store footprint. + +Retail sales overall grew by 1.7 per cent in the quarter to nearly $4.4-billion, led by 20.3-per-cent growth at the flagship stores, and dragged down by sales declines of 24.9 per cent at SportCheck, 36.4 per cent declines at Mark’s and 46.4 per cent declines at Gas+ locations. Excluding declines in petroleum sales, overall retail sales grew 9.3 per cent. + +However, the company’s revenues lagged, partly because its store franchisees cut back on product orders in response to the uncertainty create by the pandemic. The company also faced disruptions in the global supply chain that made it difficult to meet demand for some items, which affected revenue as well. + +While retail sales at stores grew, Canadian Tire’s revenue for the quarter fell by 14.2 per cent to approximately $3.2-billion. The company noted that revenue began to recover once stores were fully reopen, growing 24 per cent in June. + +Store closures led many shoppers to turn to e-commerce channels. The company’s online sales grew 400 per cent to approximately $600-million, surpassing in one quarter Canadian Tire’s e-commerce sales for all of last year. + +The company’s expenses rose because of COVID-19, with $41.2-million in costs related to pay bonuses for front-line employees and increased safety measures. + + + https://www.theglobeandmail.com/business/article-canadian-tire-posts-loss-as-pandemic-closures-offset-gains-online-and/ +I'll keep this short.. I made a ROTH IRA last year on Schwab. I've been buying VTTSX(retirement for 2060) with $500 every month. It looks like Schwab charges almost 10% per buy(around $50 each time). This seems like a lot but I'm not familiar with ROTH IRA accounts so just wanted to make sure I'm not losing too much money here.. +I'm just about the biggest Nintendo fanboy around, so take this with a grain of salt: but it seems insane to me that we're at a 52w low. Yes, I know there's no sign of Switch Pro yet, but IMHO next year's lineup looks amazing, Switch Pro or Switch 2 will be announced soon, hopefully the movie is a box office hit and opens things up to new folks. The Pikmin mobile app is pretty great too! Plus that fat dividend. + +Anyway, I'm long regardless and will keep collecting the dividend/supporting mostly because I'm a fan. But curious for everyone's thoughts. +In 2019 I made just just over $12,000 and I have around $25,000 in debt, with over $20,000 of that being credit card debt. I'm a full time student going to community college and I work part time making minimum wage plus commission though the amount I make from commission is negligible. I come from a wealthy family but I have been financially independent for about 4 years now. My lifestyle has not changed from when I was supported by them and I never realized just how bad my debt was until I was doing my taxes this year and could see it all together in one place. I'm currently living by myself, though until about a month ago I was living with my girlfriend who was making around $70,000 a year. We've been dating for 6 years so I guess I've also been using her income as if it was my own. She comes from a much more wealthy family than mine and her spending habits are much higher, though still within her means. I've essentially been spending money like I make as much as her which is what got me into this situation. I'm now spending much less than I ever have before but I know that I'm going to need some help with this because I am completely overwhelmed by the situation I've put myself in. Any advice on my situation would be greatly appreciated! + +Edit: I’m currently at work but I see that this post has really blown up, I haven’t had a chance to read all the new comments but I appreciate everyone adding to this post! I should get home at around 9:45 EST and will be able to read/respond then. +I'm having trouble reconciling the two ideas. We often say, timing market = bad....and I generally agree with this. I invest a percentage out of my paycheck every 2 weeks and effectively dollar cost average in to the market for retirement funds. + +However, when the market starts to fall, why wouldn't it make sense to 'time it' and buy when it gets much lower with extra cash? Is it fear that it will be Japan and stay low for decades this time? That seems like a small risk compared to the likelihood that it will recover in a year or two and then you can post a healthy return. + +How does buying during a pull back not make sense? +Anyone looking at the latest AMZN financial report is, in my opinion, missing the most important change in AMZN's income distribution. For the first time ever, income from services (~$60 billion) has overtaken income from products (~$56.5 billion). + +Services (which includes AWS, advertisement, Prime Video and other) are far more profitable in the long run and are all growing at double digits Y/Y. AWS alone is still growing at 37% Y/Y, with a gross margin of 35%, compared to a loss for physical product sales. + +At the current trend of growth, AWS sales will be half of online product sales by 2026 (or, if product sales completely stagnate and AWS continues the current growth, then AWS will be the largest source of income by 2026). + +https://imgur.com/a/YAXoNqj + +So, if you're outlook is long term, AMZN will be fine, and will likely do even better once it transitions more into services. +A [Bloomberg article yesterday](https://www.bloomberg.com/news/articles/2022-06-10/barclays-sees-75-basis-point-fed-hike-next-week-on-price-surge#xj4y7vzkg) claims that "Traders see 50-50 odds of the Federal Reserve raising rates by three-quarters of a percentage point in July". + +What is the market data that shows what Fed rate hikes are priced in, and where can I view it? +Price Target $5 from TWO wallstreet firms. The consensus is a buy. The company’s lead product candidate is sofpironium bromide that is in phase 3 clinical trial to treat patients with primary axillary hyperhidrosis. Its pipeline consists of potential novel therapeutics for hyperhidrosis and other prevalent dermatological conditions. Brickell Biotech has a collaboration agreement with AnGes for the development of a novel DNA vaccine candidate for COVID-19. And despite all this, I've seen the metrics on yahoo and stocktwits. Not alot eyes on this. In fact, it's too quiet. They expect results by the end of Q1 for the covid vaccine and from the looks of it, it's done very well. Their drug Kaken which is ALREADY commercially used in Japan as of November, is in phase 3 which means this is as good as getting FDA approval. So my question is. Why haven't you put your money in LITERALLY free money? + +Edit: Also look at the 1 month chart, it's forming a cup and handle. This is a no question buy and I fail to see why people are chasing other stocks that's already blown up when this itself is ready to explode +Business tycoon, Peter Schiff seems to think that the next financial crisis could be here in less than half a decade. I want to know if there is any documentation of the strategies people used to get in the lowest and come out on top. I have searched for books and other resources, but I think the /r/investing community can offer good input as well. +Interesting analysis by Michael Harris here: https://www.priceactionlab.com/Blog/2020/03/oversight-crashes/ + +97% of accumulated losses on the S&P have occurred during overnight/after hours futures trading. + +The same cycle is repeated almost every single day. Futures sell off, usually to limit down. At 9:30, ‘’real buyers’’ step in and fill the bar gap, and then we typically retest the lows. All-in-all, most trading days essentially finish flat open to close. + +It’s a strange market, to say the least. +Just started a job with the NHS earning 18.6k a year (I think, still haven't seen the contract). I have decided this year to become more financially savvy and start saving for my pension. I am pretty clueless although I am aware of the half your age thing hence why I want to start ASAP. + +This job is guaranteed until May with possibility of extension (its a covid related job) and I have been automatically enrolled into their pension scheme. It is 5.2% and I am told that on our salary it will work out to around £95 a month (this is all the info I have so far although I have asked for more e.g. do I contribute 5.2% and they match it? All I know is its the "superannuation" NHS SCOTLAND scheme). + +Do I stay enrolled in this scheme or is it wiser to open a private pension? What if I leave this job after the contract ends, do I lose the money or could I transfer everything into a private pension provider? + +Basically what are my best options at my age...I have 3.5k saved just sitting in a 0.6% interest savings account that I don't really know what to do with. I also save £50 a month into a help-to-save account (a government account that gives you back 50p for every £1 you save, you guys have probably heard of it). + +I have also started budgeting and will try to follow 50/25/25 (50% essentials, 25% wants, 25% saving...but saving into what exactly? This is my dilemma) + +Will be grateful for any insight! +They threw WSB under the bus for doing exactly what they do, except from a buyer lens. They bashed us in the media. They shut down the WSB discord. They manipulated the market by making deals with trading platforms to screw us over. + +Our payback - BUY AND HOLD AMC/GME/BB/NOK. We'll squeeze through. We have the world's eyes on us, we have class action lawsuits started, we're in every media story. Now discord's come around, WeBull's come around, many celeb's/government officials have come around. + +This is MOMENTUM!! WE LIKE THE STOCKS! WE WILL SQUEEZE AND 🚀 🚀 🚀 TO THE MOON. +Hello, + +Back in 2016 I found myself driving along the Eastlink in Melbourne, in a car registered in NSW, to get to work everyday. +During this time, I was not really aware of how toll roads worked. I knew I had to pay to use them so I got myself a E-Tag and made an account to pay. The car I was driving was my car, but registered in my mothers name prior to moving to Melbourne because the cost of insurance was insane for someone my age at the time. +Anyway, I found myself driving the route every day for the next year or so. I didn't activate the auto top-up feature and had to manually top up my account. Obviously, over the following years I made trips along the Eastlink without having any funds in my account and heard the 3 beeps or whatever it is from the tag notifying me the account was low/suspended. + +The letters of the overdue amounts sent by Eastlink were never received by me until recently. +Instead they were sent to my mother in NSW and were never opened or mentioned until i had racked up almost 70 fines spanning the time I had driven the toll road. I do not talk with my mother, we have a terrible relationship but would of expected some kind of warning when all these letters started rocking up regardless. +I don't understand why the letters were not sent to the address I had given them in the first place, instead they followed the address of the person who's name was on the registration for the car. +Today, I got around to working out how much debt I'm in because of this and it totals just over $20k. +All fines has been handed off to Fines Victoria and only now am I able to see just how screwed I am. Had I of received the overdue letters telling me to pay the account, I would have freaked out and payed them. But now, with all the administrative fees, instead of having to pay the $35 dollars per fine or whatever it was to begin with, I'm now having to pay $300+ per fine. + +I am freaking out, completely unaware of what to do. I have never been in debt like this before and have no idea about the avenues for help or advice. Not even sure if this is okay to post in AusFinance. +What should my next steps be? + +Thank you in advance for any help. + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + + +I'm sorry if this is a stupid question, but this has been something that has fundamentally confused me a bout Eth and cryptocurrencies in general. + +I understand the argument that Eth is the gas used for transactions, and I understand that if people transact with it, it can have an implicit value much like fiat currency. I also understand that the technology itself is valuable + +What I don't get is why anyone would adopt **this specific** cryptocurrency. As far as I can tell, Eth is just a specific version of the technology. Why would anyone be compelled to use this specific version of Ethereum when anyone could essentially replicate the currency and use that instead? + +TL;DR: + +* What compels people to adopt this specific version of Ethereum as currency, as opposed to any other version of the same technology? +* What gives the Eth people are buying any legitimacy? +* What's to stop a replication of the technology in the future and the adoption of that version as a global currency? +If he did, my hope is that its not because he expects them to do anything about the situation but because he has a big announcement coming soon and wants to be clear that whatever happens after, is not his fault, or Game Stops fault. + +Something like: "Hey guys, I'm trying to do busniess stuff over here and it looks like waaay more shares exist than are supposed to, so, if there is something like a teeny tiny, itsy bitsy, infinity squeeze or something, I don't know why; Ask wallstreet or something, I'm gonna grow my company." +Reuters: Kraft and Heinz merger to form world's fifth-largest food company. + +Couple of links: + +http://www.reuters.com/article/2015/03/25/us-kraft-m-a-heinz-idUSKBN0ML0YK20150325 + +http://www.cnbc.com/id/102533153 + +Could hardly read it as I was crying so much through laughing + +Actual quote: + Nikola described this third-party video on the Company’s social media as “In Motion.” It was never described as “under its own propulsion” or “powertrain driven.” 🤣🤣🤣 + +https://nikolamotor.com/press_releases/nikola-sets-the-record-straight-on-false-and-misleading-short-seller-report-96 + +Going all in on NKLA puts +The goal is to get to FI as quickly as possible without sacrificing too much in regards to quality of life. Looking for places that are cheap, but also not a total bore to live in for someone in their 20s and single. Salary would remain the same regardless of location. + +My ideal city: + +* Warm weather + +* Stuff to do + +* Owning a car not mandatory (might have to compromise on this) + +* Cool/interesting people + +* Affordable real estate market that could also make a good investment + +* Low taxes (eg. no state income tax) + +Miami, FL seems like it'd be ideal for me, but I'm afraid of rising sea levels turning it into an Atlantis. Puerto Rico intrigues me, but it's less politically stable, the local economy sucks, and I'd have to learn Spanish (not necessarily a bad thing). Austin, TX seems like a potential good fit, but I've never been there. + +Would like to hear your thoughts! + +EDIT: Forgot to mention Vegas. Cheap and seems like a fun city. +Hi + + + +It is strange how many in here bash cardano. I mean if someone wants free moons you can title your post "cardano is overrated" and a flood of praises will follow. + + + + + + + +Cardano has many advantages comparing to other L1 projects: + + + + + + + +1. Academic team who are actively researching new horizons and publishing papers. + + + + + + + + + + +2. Novel double layer architecture. + + + + + + + + + + + +3. It has Great security. + + + + + + + + +4.it is extremely sustainable and environment friendly. + + + + + + + + +5. It almost entirely decentralized. + + + + + + + +6. It is one of the few top projects with low share of its coins in the hands of whales (if I remember more than 80% was owned by small hodlers). + + + + + + + +7. transaction are fast and very cheap. + + + + + + + +8. An increasing number of developers are using its blockchain. + + + + + + + +For all it this pros and many more, the only cons I heard about is the recent congestion which almost any crowded blockchain experienced so far. People forgive ETH for practically everything but cardano is bad because of a congestion? Or because it didn't grow much in market value? +Or is it another reason which I missed? Like annoying fan base? + + + + + + + + +I really think ADA doesn't deserve so much hate. It is a solid project with a really nice team and it might have a bright future ahead of it. + + + + + +Vve +New article just released shows The Feds have launched a satellite office in Chicago to be closer to the Chicago Mercantile Exchange to access Futures and Options Trading. + +What's interesting is this office is a replica of the Fed's office in New York. + +Now why did they make a replica office? According to, Wallstreetonparade: + +"If the New York Fed was not interested in accessing the futures market, why clone itself in Chicago? That’s very far away from the New York Fed and not particularly attractive to the best and the brightest. CBS News ranked Chicago the 31th most dangerous city out of 50 it ranked in 2020. + +If it’s another Sandy hurricane flooding lower Manhattan or a terrorist or cyber attack that the New York Fed is worried about, why not create a backup facility in New Jersey, like the major investment banks on Wall Street have done? Why choose to clone yourself 796 miles away in another major city that could just as easily be the target of a terrorist or cyber attack? + +The answer may lie in the following fact: just *35 miles away from the New York Fed’s office in Chicago, in Aurora, Illinois, is what is known as a co-location data center where customers can place their own high-speed computers and get faster access to trading data coming from the futures markets as well as faster ability to execute trades to take advantage of that information.* For a mere $12,000 a month, the New York Fed could gain the same advantages that hedge funds have currently. + +Now that the Federal Reserve has made it clear that it’s begun the process of removing its liquidity punchbowl, powerful hedge funds as well as Wall Street trading houses **have launched their own process of shorting the market through S&P 500 futures. The intraday whipsawing, with 1,000-point intraday swings in the Dow Jones Industrial Average last week, strongly suggests that some well-heeled player is attempting to scare out the shorts and create a short squeeze (which sends the stock market back up) when the market is plunging."** + +The Feds are stuck in a hard place and resorting to manipulating the market by squeezing shorts to keep this fake market propped up. + +This may reveal how the Plunge Protection Team operates. + +Source: https://wall street on parade.com/2022/01/the-new-york-fed-has-quietly-staffed-up-a-second-trading-floor-near-the-sp-500-futures-market-in-chicago/ + +TLDR: Shortys are betting on market collapse but Feds playing reverse Uno card and pumping SPY up with giant green dildos sticks. Makes shortys panic close then Futures indices Nasdaq, Dow Jones, and SPY rally for a bull run. + +Exactly like today 1/31/22. + +Edit: u/urinetroublem8 speculated maybe this is why DOJ is investigating shorts because they can't beat them at their game so are squeezing them with Jpow's Printer. +[Gross Domestic Product (Third Estimate) GDP by Industry and Corporate Profits (Revised), First Quarter 2022](https://www.bea.gov/news/2022/gross-domestic-product-third-estimate-gdp-industry-and-corporate-profits-revised-first) + +EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, Wednesday, June 29, 2022 + +Real gross domestic product (GDP) decreased at an annual rate of 1.6 percent in the first quarter of 2022, according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2021, real GDP increased 6.9 percent. + +The "third" estimate of GDP released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the decrease in real GDP was 1.5 percent. The update primarily reflects a downward revision to personal consumption expenditures (PCE) that was partly offset by an upward revision to private inventory investment (refer to "Updates to GDP"). +I understand brigading for other subreddits, for an example if a video game subreddit brigades another community, say game A, they can complain that game A is superior to game B and they can attack game B for whatever reason. Makes sense, I get it in that sense, and it would be the same for politics stuff, but finance?? + +If I read something from this subreddit and it’s about a specific stock, we’ll call it stock ABC and I hear other subs are saying things against ABC that might change my view, is it considered brigading to ask about their opinions? Is it brigading to discuss the opinion? Would this quality to get our sub banned because I’m discussing stock ABC on another sub? + +There is another finance sub that had this problem specifically with a specific stock where they no longer wanted it mentioned and banned individuals coming from stock’s Reddit group + +Does it extend to subjects other than stock specific things? If I think interest rates might move one way because of a thought that came from this sub, if I share that idea in other places Is that brigading ? + +I feel like this removes discussion outside the community. I understand linking other subs or mentioning users but limiting speech? Am I misunderstanding? + + +I feel like this only forces members of this sub to communicate with members of the sub? + +I can never comment elsewhere or else face the fear of getting banned or getting this sub banned? +Using a throwaway account. + +I'm posting this out of concern for my parents' finances because my dad has purchased $25,000.00 of Nvidia after watching the news about how well the Nvidia stock will supposedly do in the next year. + +I'm far from an expert in stocks and investing in general so I'm turning to those more experienced to see how I can salvage this situation. To me, buying $25,000.00 of any stock seems financially unwise. I've always heard that it's better to diversify in order to reduce risk and buying $25,000.00 of stock for someone who has no idea what they're doing sounds like it could end in financial ruin. + +Background: This is in the United States. My (28) dad (mid-60s) immigrated to the U.S. in his 30s and has been working in various small businesses. He owns a dry cleaning business with my mom. The business hasn't been doing well in the past 5-7 years due to the age demographic of the surrounding area leaning towards retirement age. Not many retired people are getting their clothes dry cleaned (or laundered) in this area. The pandemic has hit especially hard, as with all small businesses. + +My dad thought it would be a good idea to take the $25,000.00 loan from the SBA and invest it in a promising stock due to the dip in price. He is using Fidelity. + +What should I be researching or know about so that we can avoid any possible pitfalls? He is still learning about how investment works as this is his first time in investing. I'm worried he's in over his head and will lose a devastating amount of money. + +Edit: Thank you for your helpful comments. I explained the gravity of the situation to my dad. I'll call him again tonight to explain that he needs to sell everything tomorrow when the markets open, loss or not. +I thought this would be a fun discussion as it was a problem i once faced when I was starting out. what's a good job for a young trader who needs to make money but also wants to pursue their career in trading? + +I'll start with my experience: I did personal training while I built my portfolio! I am currently in the process of finding new trainers for my clients +Elon Musk's goal with every project he ever got into was to hijack it and say he founded it. He got kicked out of PayPal trying to hijack it. He's still mad about that. He hijacked Tesla and said he founded it. He's trying to hijack crypto using Doge. + +Remember he said exchanges can be second layer for Doge? That's Robinhood. All this time the smartest minds were trying to scale blockchains and nobody came up with this idea. What a genius! + +Everytime he talks about crypto he makes it clear he hasn't got the first clue about it. Elon wants to turn Doge into PayPal. Mark Cuban is going to be his sidekick. + +Poor Doge was at least decentralized when it was a joke. It's about to become a plaything for a couple of narcissistic billionaires. Now it's a bad joke in the most evil sense. +I'm wanting to put $250 bi monthly into a portfolio of stocks earning a minimum of 2% in dividends if the stock is sub $50 with capital growth potential and an avg of 4-7% for dividend stocks say $50 - $200 with a high safety score (won't cut there dividends any time soon). Also willing to put money into REITS or real estate ETFs with above 7% divs. + +I've already maxed out my emergency funds and have plenty of cash on the sides. I was putting this money into high yield savings accounts earning 2-3% annually but since that's not happening I figured I could switch over to a dividend portfolio. I already have a robinhood account not focused on dividends and an M1 account also not focused on dividends. An acorns account, a TSP, and a vanguard Roth IRA (VTSAX only) and a fidelety 401k (SP500/international/Target date). None of which are FOCUSED on dividends. Not sure where I'd put this portfolio yet. But probably Robinhood + +So I'd like some suggestions of some good companies which fit my above criteria. And also some good resources you use to choose your dividend stocks. +Hi - I have a budget of $100 a month and have 19 stocks on the go. With my limited input is 19 too many? I have a lot of fractions of shares such as MCD and MMM. Only ones I’ve got a hold of are IRM and KO. + +Of the 19 stocks 13 are dividend and 6 are potential growth like GM. + +I feel like my money doesn’t go far enough. I’m 36 and new to this and aim is to have some money come retirement and to support kids in 20 years time. + +I’m up to 1k now and at 3% loss as I messed about with meme stocks before seeing the dividend light. +I know this may be idiotic but forgive me as I am very young and new to the investment world. My question is: Why do I see so many young people investing in dividend stocks/funds? And by young, I mean I see people 35 and younger having their entire portfolios made up of SCHD, O, JEPI, etc…. I mean I have heard of dividend growth investing albeit I definitely need to do some research on it. And I understand the very basics of compound interest ie; turning on the DRIP feature and letting your dividends reinvest but more aggressive growth stocks would seem to give you better returns most of the time (I mean even an s&p 500 index seems like it may do better). I just want to know, especially if you are in your 20’s what drew you to invest mostly in dividends and not growth stocks? I mean obviously if you are starting out with a few million you would be smart too as you could just live off of the dividends but most of these young investors like myself don’t have that kind of capital. I guess I just grew up with the traditional financial idea that when you are young you go heavy into growth and the closer you get to retirement you transition into lower risk/high dividend assets with the ultimate goal being that you could live partially or fully of your dividend in retirement. So explain to me what made you choose to invest solely in dividends/value and not growth at such a young age? + +Side note: I don’t mean to criticize this approach at all! I merely want to learn. I personally was thinking about picking up a small percentage in SCHD for my Roth and setting the DRIP feature on. + +TL;DR +Why invest in dividends and not growth when you are young (under the age of 35)? +I see people in this sub heavily promoting SCHD. Is there any reason to go with this over SPYD? Both performance and expense seem relatively comparable to me. +Hello, I am a young investor with about 1.5 years in the stock market. I have saved up a little under $800, and I am looking to grow my portfolio. It currently consists of 2 mutual funds (The S&P 500 and the Schwab international index fund) I also have a few shares of Microsoft. +I had a few things in mind, Buy Apple stock when it splits, get into dividend investing, or throw all that money into a mutual fund. I would like to know your thoughts. + +Edit: If you have any advice on starting dividend investing that would help too. +i ve been building my portofolio for the past month (i've been practicing for 1 year with less money) and have been doing great. The problem is, i build my portofolio in my country stock exchange and found it really tempting to sell the stock at ex date (because they spike like crazy). I check my portofolio 2 times a week. + +I am good at looking for undervalued stock and if i hold it for 1-2 month i could gain more than 28%. +I ended up splitting my portofolio (half for trading and the other half to hold for dividend stock). + +For the time being i feel like what i do is still good enough, but it mainly because i still at the begining of building my portofolio. I dont think i can trade as easily if my portofolio getting bigger + +TLDR + +1. How to deal with the fear of missing out? (I saw a post at r/dividends once but i forgot to save) +2. how much you gain/loss until you consider to sell your dividend stock? +3. Is trading and growing dividend stock (half/half) at the same time a solid strategy/viable? +I’ve been told that reits on average out perform rental properties. HOWEVER, rental properties can still be more profitable because of leverage with a mortgage and through tax deductions. + +Is there anyway you see reits being able to out perform a rental property? Maybe if one were to hold a company long enough and keep dripping it’s dividends? It’s a lot easier and faster to reinvest the money you earn through reits. + +Any possible scenarios you guys can think of?? +Fairly new to dividend investing. T used to be an aristocrat, are they still worth buying even with the coming decrease? Do you think they will transition to more of a growth/dividend stock? +I've worked as a web development contractor for 7 years and have learned that there might be some interest in imparting a bit of that knowledge. + +If anyone has any questions they'd like answered, please get in touch. + +**Edit:** Wow! This became quite a popular post! As much as I hate the word, I've got another dev based in London that is interested in 'coaching'. Would anyone be interested in a bit of hand-holding as they make the move? Please PM me if so and we can figure something out that works for you. + +**Edit #2:** Thanks for all the replies. It appears as though the information is valuable but there isn't so much interest in coaching. That's fine, I like to test these ideas out. I'm going to unsubscribe from replies now as I think the thread has covered plenty of areas of uncertainty. There are also responses from a few people in here with contracting experience. Please feel free to PM me if you'd like any further questions answered. +Hello R/personalfinance, +My girlfriend and I both live in our own apartments. We're ready to move in together. I currently pay $1550/mo (nothing included) and she currently pays $1250/mo all included. She has lots of money tied up in student loans (est 40k) and I have a small amount tucked away for a downpayment for a home. I have been looking for the past 5 years or so and have stashed away a few $ for when I found something. I'm thinking the best thing to do is to buy the house in my name since I will be paying 100% of the downpayment and charge her rent to help pay down the mortgage. I think a legal month to month lease for $1250/mo (or whatever we deiced to be fair based on my mortgage) would be the smartest thing to do since we're just dating at this point and you should always plan ahead. I brought this up to her tonight and she agrees and thinks this is a good move. We both don't have any experience with this exact scenario so I'm writing to see what you all think about this scenario. Is this financially smart? What should I be careful of? What am I not thinking of both financially and relationship wise? Help! + +Edit - A lot of people are asking why I would "charge" her rent and where the $1250 for her rent comes from. The house is $650,000. The mortgage is $3,250.78/mo. I'm putting $50,000 down. I'm buying this house by myself and I can afford this house on my own. She mentioned 6 months ago that we should move in together. We just got back from a 2 week vacation where we spent ever single second together and it was really really nice. I fell in love with her more then before. I think it's time we move in together too. We've been looking at houses to rent and they're all $2800+. We agree'd we'd split everything 50/50 in an apartment. I'd rather spend a little extra and put my money towards something I own instead of an apartment so I came up with her "rent" which she is paying now of $1250 towards the house in which we would live in. + +My payment $2000 + 50% of groceries and cable, etc + + +Her payment $1250 + 50% of groceries and cable, etc + + +I would end up paying for most of the groceries and cable but I want it to be out there first that it's going to be 50/50. We have already talked about all this and she was very happy about everything. I'm basically asking if there is something we're not thinking of. +I’ve secured an entry level job within banking (in a fairly small/medium sized bank) and have discovered branch managers earn around $75k, home lenders about the same, senior tellers around $62-65k. + +I love finance and I love what I’m doing even as an entry level teller. I’m currently on $56k + Super, and want to put in place a 6 month, 1 year, 3 year, 5 year and 10 year plan. But from the look of it, beyond what I mentioned I’m not sure how much upscaling I can do that earns a very decent salary. I assume leveraging and working for a bigger bank is an option, however the bank I work with really does care about its members. I see it in my co workers, manager, and the members themselves. + +If anyone is in banking, I’d love to know your progress or advice. +Seems to be a lot of posts/ youtube channels about people who have done this (mostly American) but how realistic/ common is it outside the U.S? + +Edit: Also seems like everyone is "learning to code" since the pandemic, so probably a lot of competition? +Looking back at the December 2017 CMC: [Historical Snapshot - 03 December 2017 | CoinMarketCap](https://coinmarketcap.com/historical/20171203/) + +70% of the top 100 are no longer in the top 100 + +Over 60% are out of the top 300 + +7 have fallen out of the top 1,000 + +10 projects are no longer available + +2,000 created crypto projects failed so far (9,677 still listed on CMC) + +While the hype seems to be on the meme projects and longshots, remember that 99% of projects in existence will become useless and have no value down the road. If you want to roll the dice on a true gamble then by all means, but if you're over-investing in these projects I hope you realize how big of a risk you're taking, especially in the long run. + +These are truly exciting times, and anyone who is just now getting into crypto is still early (in comparison to the rest of the world). If you're planning on becoming a long term HODLer, then find projects that aim to solve real-world problems, and are leading the way in there respective space in the ecosystem. +After living off government benefits for the last year looking for work, I've finally secured a position! This is going to quadruple my income overnight. That's not even an exaggeration. + +Going to pay off my debt, get myself a car and start planning my wedding that I've been putting off for the last 4 years! All the while saving like mad! +I am having trouble wrapping my head around this amount of money. Obviously, it is a "lot" but I still don't have a clear clue as to what this amount of money means essentially. + +Edit: I did not expect this many replies. Thank you FI'ers! +About a month ago I did an analysis for the real short interest (SI) for GME using what know about the legal Married Put mechanism for creating naked shorts. + +I wanted to revisit what we know for sure about the mechanism for how the FTD's are hidden, the latest put option open interest and why the new DTC rule about double-borrow shares was implemented. Yes, I know some people don't think these remnants don't mean what we think they mean, but maybe they do. + +**TLDR** Married Puts continue to be used to create naked shorts. Short Interest is at least 152% and increasing by over 100,000 shares per week. + +**Assumptions** + +1. Citadel and friends are using the Married Put method of hiding FTD's. + +2. Any Put at a strike of $20 or less is an irrational option play no sane person would make. + +3. These apprently irrational puts are in fact part of a rational mechanism for hiding a FTD. + +4. The current outstanding number of irrational puts is correlated to the number of FTD's resulting from naked shorts. + + +What does irrational mean? Betting GME will drop below $1 by the end of the year is bonkers. + + +**Let's math!** + +GME Shares outstanding: 70.77M + +GME Float: 47.75M + +Irrational Puts from now until Jan 2023: + +Option Expiry | Open Interest Apr 18 | Open Interest May 11 +:--|:--|:-- +Apr 16 | 7,067 | 0 +Apr 30 | 6,124 | 0 +May 14 | 135 | 683 +May 21 | 3,648 | 3,990 +May 28 | 150 | 412 +Jun 4 | 0 | 64 +Jun 11 | 0 | 11 +Jun 18 | 0 | 1,046 +Jun 25 | 0 | 13 +Jul 16 | 299,922 | 303,927 +Oct 15 | 14,736 | 19,223 +Nov 19 | 22,760 | 22,601 +Jan 21, 2022| 220,355 | 224,653 +Jan 20, 2023 | 43,984 | 46,136 +Total puts | 619, 458 | 622,769 + +Shares short from Married Put remnants on April 18th: 61.9M + +Shares short from Married Put remnants on May 11th: 62.2M + +**Ok, what is this?** + +The number of naked short shares implied by Married Put remnants has increased by 331,100 shares in the last three weeks. + +* Over 13k of irrational puts that expired worthless in the last three weeks but the total number of Irrational Puts continues to increase. Not only are they are continuing to utilize this method of shorting, but they are increasing in number as well by apx 100k per week. + +* Ortex has 'exchange reported' Short Interest at 22.2%, or 10.6M shares. + +* Combing the calculated naked short interest of 62.2M with the official short interest, we get 72.8M shares short or *152.5% SI*. + +* On May 21st we have another 3,648 of irrational puts expiring, we'll see if they get 'rolled' over as well. + +* The next BIG batch of Irrational Puts is set to expire in just 8 weeks, July 16th, over 300,000 or nearly HALF of them our there in fact. If we see a fresh batch of about 300,000 puts get created that day for an Op Ex six months in the future, I'll be on the phone to the SEC telling them they need to end this little charade. But do they need to get rolled? No. If apes keep buying, they need to short that number of shares, whatever the cost and by any means. + +**Discussion** + +Could the Short Interest be higher than this? ABSOLUTELY. This calculation does NOT include short shares created directly using legal Market Maker provisions and have not yet been covered by that Market Maker. This calculation does NOT include legal short shares created using the re-borrowing method. This calculation does not include shares shorted via the ETF's. (62 [ETF's](https://www.etf.com/stock/GME) hold 10.5M GME shares.) This calculation does not include any other means of shorting. + +The new DTCC rule SR-DTC-2021-005 would prohibit the re-borrowing of a borrowed share. Will that rule apply the NSCC Share Borrow Program as well? Let's hope so. They pulled the draft of this but I'm hoping to see it make a return soon. (See links below for more detail on 005.) + +Once the new DTCC rule prohibiting the re-borrowing of borrowed shares kicks in we should expect the borrowing costs to spike like crazy. It is the end, effectively, and will trigger squeezes everywhere. They pulled the first draft, probably becasuse the timing isn't right. Anxiously awaiting the re-release of 005 and the implementation timing. Aren't we all! + +**Disposing of the Evidence** + +When these expire, they're gone. Wiped off the books. Of course they are, these puts are worthless after all. Never intended to be exercised. + +~~HELP! If anyone has the options data from Jan 15th and Mar 16th, would like to see how many more of these puts expired on those dates. i.e. How much were they using this before GME went all baby-squeeze January 28th?~~ Edit: Got the data, stay tuned! Thanks to Full_Option_6067 for the info! There are more shorts! + +The advantage of picking options expiries with each quarter is that you get super-cost efficient strikes at like $0.50 but the big disadvantage is that the open interest SITS out there for months on end, waiting for some smooth-brained apes to figure out what it means. + +When are they going to end the Married-Put shanannigans? Who knows. + +**Total Conjecture** + +Why was 005 delayed? Officially, for "reformatting". Tin-foil hat time: After posting it they found out this loophole for legally naked shorting stocks is in widespread use by every Hedgie and on hundreds of other distressed stocks. It's not just AMC and GME. If they nerf it we could be looking at a crack-up boom in the market and dozens of bankrupt hedges. Why a crack-up boom?? I'll give you a few million reasons: [Because every FTD is a naked short](https://wherearetheshares.com). + +**The Great Halvening** + +[Never forget this happened](https://www.reddit.com/user/RubinoffButtChug69/comments/lfdcv1/fintel_changed_their_short_volume_data_after_my/?context=3) + +I saw the Great Halvening happen with my own eyes, so I've just been multiplying all their SI numbers by 2 to figure out the in-adjusted SI. Where they hid the rest of the original '140%' short of GameStop ... remains a mystery. + +**Sources** + +[Original Post on Married Puts](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) + +[DTC-005 Original Doc](https://zenodo.org/record/4718936/files/005%20-%20SEC%20SR-DTC-2021-005-2%20-%20submission%20of%20rule%20finding.pdf?download=1) + +[DTC-005 Analysis](https://www.reddit.com/r/GME/comments/mi8mo9/legal_interpretation_of_the_proposed_srdtc2021005/) + +[Share Borrowing Program](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/) + +[Yahoo Finance](https://finance.yahoo.com/quote/GME/key-statistics?p=GME) + +[Stonk Tracker](https://gme.crazyawesomecompany.com) + +**Edit:** As requested 🚀🚀🚀 +So, I have 35k I can use without going below 7,000 in my bank. With a credit approval for 275k, but looking at 200k or less. 5% minimum down payment is 10k, closing costs are what another 8-10? Seems like I have the money. What is the bare minimum money I need to cover fees, down payment, and closing costs on a 200k house in Pennsylvania? I know it varies by state, and was hoping someone had a rough estimate for me. + +I have no other debt. 3 months ago I took a new position making 25% more salary. I’m in good shape financially with about $2500 in unused income monthly. I also have a fiancée who has about $1200 in unused income monthly. So together we can safely cover a mortgage without harming our long term savings plans. + +Any advice would be appreciated! Just started looking +- 24 years old +- ~33/hr +- Goals right now is to save as much money as i can while not living on ramen noodles. Life is a balance. +- I would like my money to be 80%-100% safe +- So far: ~6k savings, ~1k 401k, ~1k checkings, ~1k in vanguard +- Car paid off, no debt, rent is $350 month +- I would like to allocate some money for a house down payment ~30k in the next 5 years and the rest I would like to save for financial peace of mind.. +I recently inherited 890k from my grandmother, (22 yr old college senior here), most of it is invested in pretty standard mutual funds. However, 57k is in the form of a private company, the company doesn’t have a website to get details on, my Mom & financial advisor are also just as in the dark as I am. But, I’m pretty sure it is involved in timbering, apartments complexes/retail & oil wells - having looked at public records regarding their sub LLC’s names & property records. I don’t think I’d intend on selling because it pays a $930 quarterly dividend. + +What’s the best way to go about getting more information on the company? Should I call them & see if I can get a sit down w someone there? Anyone else on here have experience w a similar situation? +My car loan is 17,000. The car is worth 11,375. My current APR is 3.24% +I don’t have any debt aside from this. I’m also trying to save money and have some cash for an emergency. Is it worth it to try and pay it off as fast as I can? I would like to get rid of this car loan but also don’t know if I should be stressing about it as much as I am. + +Sorry if this is a silly question! Thank you! +Due to some family circumstances I have the opportunity to buy discounted farmland (has been in my family for years and I would be buying it from a family member) for $5600/acre that was appraised at $6400/acre, which would be cash rented for $250/acre/year (corn/soybeans) to the same group of farmers that have been working the land for years. As a test run, a couple years ago I previously bought 20 acres of this same patch of land and things have worked out so far - this was also my first mortgage. + +Financial background & assets / debts +26 yo engineer in major city - 105k salary. Rent, no car. +36.9k rollover 401k - VTSAX +25.3k roth - VTSAX +17.6k 401k - VTSAX +13.9k brokerage - VTSAX +2.6k lending club +3.7k HSA +7.7k liquid cash +20 acres of farmland appraised at 6400 + +70k left on the mortgage of the current farmland I own (2.9% interest rate) + +My FI number is 600k and hoping to hit that at 31. I've been kicking the idea around of getting more and more farmland to help accelerate this process. My close friends and family think this is a no-brained but I certainly wanted the advice from the FI/ER community before moving forward. + +Update: +Looking to purchase another 20-40 acres. Taxes on 20 acres is $150. Mineral rights included with the land. +As my NW grew over the last few years, the number of admin stuff I have to deal with on a daily basis simply increased. While some of the admin stuff can be outsourced, I still like to keep control of things but it’s a struggle to stay organised with endless number of tasks + +Just today for example, I need to send an e mail to dry cleaner, do some fx trades and transfer some money, buy a gift for a friend, stop by a shop on the corner and reschedule a delivery. I’m on my way to fatfire but it’s not like I can hire a personal assistant or anything like that, and most of this stuff at least need my input, so it would be waste to pay someone to do this for me + +So my question is- how do you organise your daily tasks? Do you carry a notebook and paper? Is there for example a favourite app you use where you can randomly put down tasks which ideally you can use both on mobile and desktop? I know i need to be better organised and i would love this community’s help +https://bloom.bg/2pG6xFB + +>Gross domestic product, the value of all goods and services produced, rose at a 0.7 percent annualized rate after advancing + +>2.1 percent in the prior quarter, Commerce Department data showed Friday in Washington. The median forecast of economists surveyed by Bloomberg called for a 1 percent gain. Consumer spending, the biggest part of the economy, rose 0.3 percent, the worst performance since 2009. + + +Every time I hang out with my friends I get annoyed. I'm a teacher. I have a master's. I went to a private university because I was assured the loans would be forgiven for teachers but anyone who knows about that knows the process is years behind right now. + +Which is why I get annoyed when my friend is complaining about how bitchy her dad is for getting mad that she lost the password for her student loans because he'd put it to auto pay and needed to check how much it was to just pay it off for her in one go. After she dropped out because she was depressed. I was depressed too. I attempted suicide twice, and then had to get up the morning after I realized it failed and go to class anyway. She got to stay at home and get a second degree paid for. + +Then another complains that gas prices are up because now he can't afford to spend 1.2k on plastic figurines, and that he doesn't have student loans because he "got scholarships" (and his dad paid 10k a semester for his tuition). + +Meanwhile I'm eating spaghetti for the third night in a row because dry pasta and tomato sauce is what I have left and I have like 37c until the direct deposit hits. + +Going on vacation with them I realized that it wasn't her dad had a timeshare at this place. Her dad OWNED the entire complex that people bought timeshares in. 35 dollar a plate places were "pretty cheap" and they assumed I was trying to cut calories when I ordered the 13 kid's quesadilla. + +They aren't trying to be rude. And they aren't like...classist or posh or anything. They're good people. But I gave myself a binge eating disorder eating all my friends' lunch leftovers so that I didn't eat dinner because if I ate dinner there wouldn't be enough left for my dad. They have never watched their parents be worried about money. They themselves have never been worried about money. And they think "dad wants the password to pay off my student loans" is a problem. + +I need more broke friends. + This subreddit is highly focused on index funds but I would like to share my thoughts on how to beat the market with an active approach (i.e. by not buying index funds - not active as in day/week/trading) to investing. My hope is to get a discussion going where the active investors of this sub can share their thoughts on the markets and give tips to other investors. + + I am a firm believer in the classic value investing statement: You can't beat the market if you think like the market. To beat the market you have to think outside the box/be a contrarian and most importantly: be right in your contrarian views. If the market thinks something is going to grow a lot over the next years, the market price will reflect that. Tesla is an example. It is priced for perfection and you can't expect outperformance (in the short run maybe but not in the long run) unless it tops these crazy expectations. Therefore I mainly look for value in places where the investor sentiment is neutral or negative. Over my five years as an investor I have found only a handful of stocks (nine to be exact) where my views differed greatly from the market's view and where I had a strong belief that I was right. Nine stocks over five years doesn't sound like much but they have delievered sizeable outperformance compared to my benchmark. + + One of the ways I improve my chances of having a correct contrarian view is by focusing on less followed stocks. If you invest in highly followed stocks you have to have an opinion about the future that is better than 10+ professional analysts. I don't like those odds. Therefore I focus mainly on small caps and smaller mid caps with only a few analysts (if any at all). Small companies are on average subject to a higher degree of mispricing and provides great opportunities for investors who are willing to dig deep and do original, quality research. My research process is long and thorough but can be summed to this: "What is the company's intrinsic value and how sure am I in my estimate? What can reveal the true worth of the company (catalysts)? What are the risks (how much can I potentially lose)?" + + + As written: I hope that other active investors will join and share their investing philosophy/process/other thoughts! + + +Take L brands for example. According to marketscreener the founder and CEO of that company "Leslie Wexner" only owns 16% of the entire stake. Does he have any special voting rights? Because if he doesn't have then he could be fired as both the CEO and Chairman by Capital Research & Management Co. who currently owns 20%. Where can I look up the voting rights of the shareholders in a public company? + +Btw, I love this subreddit. It's the third time I'm asking a question here and I'm getting really competent answers. Love you guys and gals :D +I'm trying to wrap my head around this with all of the chatter on reddit and looking for someone who knows the history. + +Why were darkpools started? Is it just a holdover from the idea of physical stock certificates being handed around? A lot of times it seems like stuff like this had a legitimate purpose but then because problematic from unforeseen consequences, but maybe that's just my rational world bias showing. + +It seems like all transactions should be tracked and audited for the integrity of the market in case of some sort of disaster, so the idea of a dark pool doesn't really make sense to me. + +I don't really understand the stock market very well, but I do understand a bit about crypto. + +Is this like how some crypto exchanges handle internal transfers off the general blockchain to avoid fees? + +I'm not talking about any of the shenanigans that have been getting attention, just the idea of an untracked exchange itself. +One More Year Syndrome. + +My wife and I are both 54 years old. We have two adult children in their mid/late 20s. Annual income the past several years has been in the $900,000 to $1,000,000 range. I work in a C-Suite level position for a financial institution. I would expect income level to be similar for the foreseeable future (not a lot of chance for growth). Annual spending is around $150,000 (house/cars paid off). Highest outlay category by far is Uncle Sam (brutal!). Our net worth is high 7 figure. + +One of our main goals in life is to leave a significant portion of our estate to several of our favorite charities. We expect our children to work hard and make their own way in the world and not coast in life waiting for mom and dad to pass. We have not discussed in depth with our children but feel that one million each in inheritance is more than enough. + +If we (I) stop working now, our estate could potentially be in the $25 million range in 30 years. By working until age 60, the estate could be significantly more than that. + +I enjoy my career for the most part but every year the stress level and travel that comes with the position takes a greater toll on me. + +Have any of you been in a similar situation? I would love to get your thoughts. + +Hi guys - this is my first year with a 7-digit tax bill, and rather than paying upfront - which would require liquidating some of my high-yielding stock holdings - I was considering opting into a long-term installment plan. + +Two questions: + +1) Are the penalties and interest payments generally prohibitive at this scale? + +2) Are there better options one should consider with such a tax bill? + +Thank you! + +Edit: note this applies to 2021 taxes due in April-2022 for USA +Let me begin with, my grant is already fully exercised. This question pertains more to the experience of being employed at the company when the ribbon is cut. + +Our company has been on track for years, and should have gone public in 2020, but then the pandemic broke our timeline. Now the execs are fuzzy on dates, suggesting likely quarters. I'm guessing it will be Q3 in 2021, but who can say. + +I'm tired of the company, I want to move on, but I've been with them 5+ years, so just a few more months might make this once-in-a-lifetime experience worth it. Not knowing the exact date makes it harder. + +Can anyone offer insights? Did you experience an IPO? Was it memorable, exciting, worth the ride? Or possibly did you quit prior to the IPO, and wish you'd still been working there when the Nasdaq first listed your ticker? + +(Is this the right subreddit for such a question?) +I’m sure we all know how to yell out ways to make profit in the market and possibly be green for a day or two in a row but these question goes to the very tiny small group of you that have been consistently profitable. + +How do you cope with days that you don’t meet your goals? Do you double down on it the following day or until you’re back on track? Or do you just simply adjust your long term goal based on your current perfolio value? + +How do you manage the extra money on the days that you pass your goals? Do you set it aside (as back up) Or do you just keep it for more buying power to use immediately? + +I’m sure that to get to this point, you have to follow your own set of strict rules (entries/%profit/stoploss etc...) so even on profitable days, how often do you find your self breaking or almost breaking your rules, and how do you fix yourself? +I'm going to make this short and assume you people have a solid grasp on what is happening over at GME. There are people who are about to lose several billion dollars to retail. American royalty, the type of people who don't lose. To us peasants. A setup like this has never happened before and most likely there will be regulatory changes that make it impossible to ever happen again. + + +In a situation like this, rules go out the window. These people are not going to just accept this. There is a good chance that we see trading halted on GME at a critical point around options expiration, most likely either this week or next. In the event that trading is halted as your options expire, you are locked in to them and you have to choose at the expiration point whether or not you want to execute. We all know the average retail trader who bought GME options does not have the balance to do that. The market makers will keep the premium and retail gets left holding the bag. + + +If I was bullish on GME and holding weekly calls that are in the money, I would sell them and buy GME shares. +I'm currently in the process of financing the purchase of a home through Wells Fargo. After a few phone conversations with my mortgage loan consultant, who is tasked with walking me through the entire process, I began to suspect that he wasn't really experienced in this arena when I corrected him on interest rate terms a couple times. When I received a loan estimate summary, I noticed there were several lines that were questionable so I took a screenshot and sent it to him. He responded back and thanked me for bringing this to his attention and said that he would "escalate it to his internal team." After this, I began to snoop. + +I found his LinkedIn page and it looks like he has a bachelor's in marketing and this seems to be his first real job post-college. Not knocking a marketing degree but it is definitely unrelated to the mortgage process. He's a nice guy and all, and I'm in finance so I'm confident in my ability to catch errors and oversights, but I'm getting a little nervous that something could slip through the cracks and end up throwing a wrench in the process. + +Anyone have a similar experience working with Wells Fargo or other banks on a mortgage and receiving someone with questionable qualifications? Should I take any action to try to work with someone a little more experienced? + +&#x200B; + +Edit: It was not my intent to shit on the WF employee. He has been responsive and polite and I recognize that everyone is new at some point. I just wanted a little insight into what my expectations should be for this process. +My father in law recently had a close call with a phone scammer. The scammer had directed the FIL to some dodgy website and had gained control of the device. Luckily his son dropped by just in time to stop him entering his account details into a fake banking login form. + +Anyhooo, mistakes were made and valuable lessons learnt. He contacted his banks immediately, including Macquarie, and had his accounts temporarily suspended while all the necessary precautions were taken. This included myself reimaging his laptop, resetting email passwords, etc. + +His other bank has since reinstated his account however Macquarie is refusing to reactivate the account unless an invoice from an IT service company (eg: Geeks2U) is provided proving the laptop has been cleaned. I've worked in End User Computing support for 15+ years and told the FIL to provide my contact details but they won't budge. + +Is this a common practice? Has anybody faced this situation before? +Hi All, + +I bought a house last year in the northern suburbs of melbourne. Im currently living alone with a cat. I dont own a car and dont have any other crazy expenses apart from a 15k hecs debt + +My Repayments currently are $1700 a Month. I make $4400 a month. Im fixed till next year so I cant put it in an offset account. (I might even just wait till next year then put it all in an offset account). + +My savings are currently sitting in an everyday account with ANZ basically doing nothing. + +I have 100k in my account and im not sure what to do with it. Friends have said vanguard? While others have said use it to buy another property (Which I think is a crazy idea) + +Does anyone have any recommendations? + +Thanks +So you thought I was trolling, eh? Can't blame you, I guess... + +I warned you that they were going to hammer it down to try and close under $40. They shorted 2,200,000 shares today trying to get it done. Ooooo... so close. Sorry hedgies. + +Well, we finished at $40.59, and then instantly shot over $42 in after hours. The shorts may have just lost their momentum, and I'll explain why at the end. Not going to lie, I got a little nervous when they sold/shorted 500,000 shares to bomb it to $38.50... that showed they were serious about it... + +But first, boys (and the 1.7% ladies), we got some more fuckery a'brewin... well... a'brewed... + +Let's hop once more into the way back machine to see what the option chain showed for market activity the weeks following the 12/31/20 filings... + +To begin with, I noticed that the 26Feb21 weekly option was added to the chain on 1/07/21. It was listed with a $24 max call strike and the last sold premium on that max strike was $1.85. Seems fine. + +On 1/08/21, the contracts max strike was raised to $38, with a last paid price of $0.36. This is where I started getting curious. Why would they raise the strike to $38 instead of the normal $40 that the rest of the contracts were maxing at? So I looked at the price and volume... maybe it just needed an increase? + +https://finance.yahoo.com/quote/GME/history/ + +- 12/28/20: closed @ $20.99 +- 12/31/20: closed @ $18.84 +- 01/06/21: closed @ $18.36 with 6mil volume +- 01/07/21: closed @ $18.08 with 6mil volume +- 01/08/21: closed @ $17.69 with 6.5mil volume + +No, no real reason to raise the price to an arbitrary number. It's been in a downward trend for weeks. They would have just made it a flat $40 max to stay in line with the rest of the chain if it were to keep them all homogenous. + +Enter the FTD numbers... +https://www.sec.gov/data/foiadocsfailsdatahtm + +- 01/04/21: 182,269 +- 01/05/21: 490,723 +- 01/06/21: 772,112 +- 01/07/21: 799,328 (26Feb21 added to chain) +- 01/08/21: 555,658 (raised to $38 max) +- 01/11/21: 703,110 +- 01/12/21: 287,730 (raised to $39 max) +- 01/13/21: 662,524 +- 01/14/21: 621,483 (closed @ $39.91) +- 01/15/21: 892,653 +- 01/19/21: 1,498,576 (T+2 after $39.91 close... FTDs go kaboom...) +- 01/20/21: 1,007,562 +- 01/21/20: 1,438,994 + +Let's go back and look at the option pricing and stock pricing one more time... + +- 01/06/21: $18.36 @ 6mil volume +- 01/07/21: $18.08 @ 6mil volume ~ 26Feb21 added to chain @ $24 max strike with $1.85 call premium... +- 01/08/21: $17.69 @ 6.5mil volume ~ 26Feb21 upped to $38 max strike with $0.36 call premium... +- 01/11/21: $19.94 @ 15mil volume ~ 26Feb21 upped to $39 max strike with $0.53 call premium... +- 01/12/21: $19.95 @ 7mil volume +- 01/13/21: $31.40 @ 144.5m volume +- 01/14/21: $39.91 @ 93mil volume ~ all options raised to $55 max strike + +Did you catch that? + +As soon as the FTDs started going up, the 26Feb21 option was added to the chain. 3 days before the price runs up, they raise the max strike to $38 and again to $39 to get contracts on the chain with cheaper premium costs to buy. + +The last purchase price for a $34C 22Jan21 on the day of 01/06/21 was $1.50 premium. By contrast, the last price for a $33C for that same week was $0.14. They were out of sellers to buy calls from and had depleted the market. They knew on 01/06/21 that they needed new dates and new strikes to attract new sellers so that they could load up on more calls. They knew on 01/06/21 what was coming, and they were paying any price for the contracts to prepare for it... +https://i.imgur.com/xzBsXus.jpg + +Two days later, the price closes at $39.91. These guys must have Ms Chleo working for them... + +The price closes at $39.91 on 01/14/21, and T+2 days later (markets were closed 01/18/21), the FTDs explode to 1,500,000 on 01/19/21... stayed at 1,000,000 on 01/20/21... and went back up to 1,438,994 on 01/21/20. + +Now, let's see what the current open interest for those 26Feb21 $38 and $39 call options is... + +https://i.imgur.com/8hcNd9b.jpg + +75 open interest for the $38 strikes... and 61 open interest for the $39 strikes. I'm willing to wager that more than 75 contracts traded hands before they exercised them... + +I'm actually willing to bet that the shorts maxed out on any and all calls being sold for *any* strikes, and they exercised the options as soon as the price hit $39.91 on 01/14/21 when they knew the price was running away, and caused the massive FTD we saw the following week. (I'm sure there's a way to check the change in open interest, I just don't know how to access it...) + +Hell, I bet they exercised every option from every weekly/monthly contract they had, and just paid the difference. $39.91 would be tickling the $40 max strike for every contract on the entire chain written up until that point. The max strike wasn't raised to $55 until 01/14/21. + +Ok, ok, they got lucky. The first one's free after-all. + +So let's check one more new contract to see if it acted the same way... + +*All options had been raised to $60 max strike on 01/15/21.* + +- 01/14/21: $39.91 @ 93mil volume ~ all contracts at $55 max strike +- 01/15/21: $35.50 @ 47mil volume ~ all contracts raised to $60 max strike +- 01/19/21: $39.36 @ 74mil volume +- 01/20/21: $39.12 @ 33mil volume +- 01/21/21: $43.03 @ 57mil volume ~ 5March21 option added @ $46 max strike <-- fuckery ensues +- 01/22/21: $65.01 @ 197mil volume ~ all contracts raised to $75 max strike +- 01/25/21: $76.79 @ 178mil volume (high of $190) ~ all contracts raised to $150 max strike +- 01/26/21: $147.98 @ 178mil volume ~ all contracts raised to $200 max strike +- 01/27/21: $347.51 @ 93mil volume ~ all contracts raised to $500 max strike +- 01/28/21: $193.60 @ 59mil volume ~ all contracts raised to $570 max strike +- 01/29/21: $325.00 @ 50mil volume ~ all contracts raised to $800 max strike + + +Once again we see a new contract, added the day before the week ended above the new options max strike price. + +What do we see on the FTDs for that week? + +- 01/19/21: 1,498,576 +- 01/20/21: 1,007,562 +- 01/21/21: 1,438,994 ~ 5March21 options added @ $46 max strike +- 01/22/21: 273,600 ~ week ends @ $65 and every single Call option written on the chain is ITM... +- 01/25/21: 275,113 +- 01/26/21 : 2,099,572 ~ T+2 after closing the week @ $65... FTDs go kaboom... +- 01/27/21 : 1,972,862 +- 01/28/21: 1,032,986 +- 01/29/21 : 138,179 ~ the day they robbed XRT and XRT showed 2,200,000 FTDs + +And what is the current open interest for those $46 calls from 5March21? + +53... + +I'm betting that there was a bit more open interest than that when they were created. It closed at $65.01 the day after. A $400,000,000 FTD happened T+2 days later on 01/26/21. + +And what day did Melvin testify that they closed out of their position? 01/26/21. Shorts were fighting each other to be the first to the exit. I think Melvin got there first, and locked the others inside as a farewell gift. + +I'm believing that every short bought every call available to them on the chain during this period, and then tried to exercise them before retail shares completely dried up, since they could tell from the FTDs that they didn't have much time left. + +They gamma squeezed the market (and themselves) trying to be the first ones out. That's what caused the subsequent squeeze/explosion in share price... + +And what might be about to cause the next one... + +~~~ + +So where does that leave us today? + +Well, we finished above $40, and killed the Put deliveries. We had some help, too. No real whales were jumping in heavy, but a few magikarp were definitely flexing some memes on the order books. + +Bid for 4020 shares @ $40.20... I see you over there... ;) + +We also finished with 2.2mil short sales on the day for a total of 15% of the days volume, and with an interest rate of 1.26%. That puts the total weekly short sales right around 10,000,000 (total over 5 days, may not be cumulative depending on closed positions). They were giving it a good effort... +https://fintel.io/ss/us/gme + +Next up on the ol' option chain are the 26Feb21 contracts, so let's see where the weight is... + +Starting off, it's interesting to see that the Puts cliff-dive in number this week. 19Feb21 had 13,000 Put contracts at the $40 strike alone. 26Feb21 has 3,000. They *really* wanted those 1,300,000 shares... + +The next place with any massive Put weight is 5,000 contracts @ $20... but that isn't going to happen. There are 1,000 contracts at $45, and 2,200 contracts at $50. Tiny amounts, even combined, compared to the 13,000 at $40 from 19Feb21. Hell, in total for the entire week at every ITM strike for the Put side, there's only 14,000 ITM Puts for the ENTIRE page. They were fighting for 13,000 at ONE strike. The Put side is done... they won't be getting many shares from selling Puts this week... (we'll watch the chain for new open interest just in case...) + +So let's look at the call side. + +There are 5,053 total ITM call options for 26Feb21 as of right now. + +There are 14,752 more Call options between $43 and $55 that are waiting to hit ITM if we end at $55. + +There are 3,857 more between $43 and $45 waiting to hit ITM if we only end at $45. + +The are 7,369 between $43 and $50 if we close at $50. + +The Call side of the page is where the shares are at this week. + +If any firms are planning to cash in options for shares this week, it'll be through Calls... and I don't think the paltry 5,053 shares that are in the money at the moment are going to cut it. + +Hopping one more time into the way back machine, we can remember that the 26Feb21 contracts got raised from $39 to $55 max strike on 01/14/21. That was the same day that the price ended at $39.91 to exercise everything on the chain that caused the massive FTDs the following week, so this is the date (or 01/15/21) that they would be restocking new contracts. + +The day the strike got increased (01/14/21), the contracts for 26Feb21 were already selling for $5.00 premium on the max $55 strikes. + +On 01/15/21, the max strike again got increased to $60. On 01/15/21, the premium for the $55 Call strikes was $3.50 and the $60 were $3.15. + +By contrast, the closing price on 01/15/21 was only $35.50... + +On 01/19/21 the $55 Call jumped back up to $5.00 in premium, and the $60 jumped to $4.00. They stayed right in this area until all hell started breaking loose on 01/22/21. That would put the effective per share price at ~$60-$64 per share if you exercised them. The closing price on 01/22/21 leapt straight passed that and closed at $65.01 and started running up from there every day afterward. So no one was buying/selling these strike prices after that. + +The next earliest date you'd see people buying/selling Calls in this range would be 02/09/21 when the price dropped to close at $50.54. (If anyone has access to open interest numbers from 02/08/21 for this strike range, that'd be awesome to know how many have been added since the pull-back). + +So we have 880,000 shares for delivery if we finish at $45... 1,200,000 shares up for delivery if we finish over $50... and almost 2,000,000 shares up for delivery if we finish over $55. + +There's about 750,000 shares needed to cover the ITM Puts if we finish at $50... + +We're juiced for another small gamma squeeze. + +If we get a good run up that breaks $45 and starts working toward that $50 mark, people will need to start covering shares for those 1,200,000 deliveries. That would push the price straight passed $50 and cause the Call sellers at $55 to start covering their shares... + +If there are any whales in the waters, they know that this is the week to make a small move. + +I can't wait to see where this one's going... + +~~~ + +Tl;dr: + +- Much market manipulation... much fuckery with option deliveries... +- Puts got Bog'd when we closed at $40.59. +- Short interest increased this week by a possible 10,000,000 shares (at least 2,200,000 just from Friday). +- Calls have the bull locked and loaded in the chute this upcoming week. +- If we get a run toward $50, we get a possible gamma squeeze. +- DFV is not a cat and still likes the stock. + +Have a great weekend y'all. Next week might get interesting... +I recently just left my miserable food service job for a retail job. I was promised at least like 15 hours a week but I’m literally only getting maybe one day a week. What do I do now? I have enough money to pay my car note for a month but that’s it. Any ideas? I live in California and with my family +Im 22 (M) and in my current job I make $40/hr. I was thinking of attending a masters program that will last 18 months and it will cost $45,000 for tuition. Once i graduate starting pay will be $75/hr. Should i bite the bullet and go for it? +If the EU lets Greece default, that will reduce investors confidence in the Euro and other countries. EU bonds yields will rise as investors require more risk compensation. Will the Euro itself devalue? What if China decides to purchase Euro bonds with Yuan to keep relative value of Yuan low? + +I admit my understanding of Bonds is weak (lowly BA Econ CFA I Candidate). So could some more financially inclined redditors give their take on the risks and consequences associated with a Greek default? + +We should have more /finance discussions to leverage each others skills and knowledge base. This seems to be one of very few subreddits left with insightful comments being more prominent than memes. +The management company that oversees the apartment I rent processed my rent for about 3 times the amount I owed. I called them and they said it’s my responsibility to call my bank and fix it myself. Is there anything I can do besides report it as fraud to my bank? + + +WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Monday said companies from China and other countries that do not comply with accounting standards will be delisted from U.S. stock exchanges as of the end of 2021. + +Mnuchin and other officials recommended the move to the U.S. Securities and Exchange Commission last week to ensure that Chinese firms are held to the same standards as U.S. companies, prompting China to call for frank dialogue. + +Mnuchin told a White House briefing the SEC was expected to adopt the recommendations. “As of the end of next year ... they all have to comply with the same exact accounting, or they will be delisted on the exchanges,” he said. + +[Article Link](https://www.reuters.com/article/us-usa-trade-china-companies/chinese-firms-that-fail-u-s-accounting-standards-to-be-delisted-as-of-2022-mnuchin-idUSKCN2562QX) +My husband and I are reaching the point in our careers where we can afford to spend some money on services that will ultimately help us get further without the burden of dealing with some of those tasks ourselves. + +We've talked about hiring a cleaner to come once a week or once every other, and while we realize that they won't be dealing with the actual clutter and organization, it will mean that we will never really have to spend our time on deep cleaning... that... at the moment, either doesn't get done or takes a significant amount of time out of our weekend, leaving us feeling like we didn't get enough relaxation ahead of the workweek. + +The second service that I'm wondering about is a laundry service that handles both washing and folding. We have an in-unit washer but not a dryer. We live in the UK where this is the common setup and everyone tends to just line-dry their laundry. Laundromats aren't as common as they are in the US. This is a frustration because, for some items, it takes ages to dry, it feels like we almost constantly have the drying rack present in our home, and then there's the time that it takes to fold and put everything away. I totally understand that this is just a part of life but I feel like the amount of time and energy that this activity takes would be worth the investment to offload to a service in order to gain some time and energy back. + +Are any of these services *actually* worth it in terms of translating your money into time that you ultimately gain back from the expense? What are your personal experiences with these services? Did they benefit you? Or did you find them not to be worth it? Are there any other services that have benefited you! + +&#x200B; + +Edit: Wow! I didn't expect this post to get some much attention! Thank you for all of your detailed responses, I hope this helps others too! +Okay so we went from $45 to $184.68 and closed at $108.73... So why the hell are there people complaining? That is great news and to top it off, short sellers lost $1.9 BILLION dollars just from these past two days. + +Fucking WOW. + +Source: https://www.google.com/amp/s/www.businessinsider.com/gamestop-short-sellers-billions-losses-reddit-traders-wallstreetbets-rally-gme-2021-2%3famp + +So stop complaining, we're not even close to being done. GME was down to $45 yesterday... Today is a win and so will tomorrow. Expect the worse but be prepared to land on the fucking moon. + +Oh here's some rockets for you retards. 🚀🚀🚀 +My wife and I are on our path to FI. We are in our 30s and we were a bit late to realize how money works. Although we just started, the thought of achieving something big, that never even crossed our minds before is very powerful and promising. + +We are three years into our marriage and we made some bad decisions the first year which put us in a lot of debt and that eventually pushed me to know more about FI and how money works. Since then we have recovered and I can proudly say that we became debt-free 3 months ago. We have been trying to save as much as we can to build an emergency fund and once we achieve that, we will start to invest. + +My only concern so far has been that my wife is not a math person. She has been 100% supportive of me taking charge of the finances and budgeting but when it comes to me showing her numbers and graphs, she freaks out and cannot comprehend. Its like she is scared of graphs and math. She told me she has been traumatized by her math teacher in class and she even fears calculators now. Keeping this in mind I never pushed her to learn about numbers and percentages and extrapolating graphs but I always wanted to teach her how investments work just in case I am incapacitated and she can take care of herself. + +Yesterday, as I was thinking of ways to at least show her how our budget works, I remembered a diagram (sankey diagram) but I didnt know the name of it so I turn to you guys and tried to explain what I was looking for. I am so thankful to those that replied and told me it was Sankey diagram. I went ahead and make the Sankey diagram for my wife thinking it has no graphs, its very visual and easy to understand. And, when I went home and showed her that, she loved it! She understood everything listened to me with 100% attention while I was explaining everything to her on the diagram. + +I just want to emphasize on the importance of your spouse being on-board in the FI journey and that you have to find ways of making it easy for them to get onboard and not push them to do it if they do not know the concept. For those of you who are still single, keep this in mind that once you are not single anymore, the most important thing in FI journey will be your spouse supporting, understanding and working towards your shared Financial Independence goal. + +EDIT: [Example](https://imgur.com/fdv7qCs) of a Sankey Budget Diagram + +EDIT 2: This is just an example diagram and not my ACTUAL budget. +My wife and I are on our path to FI. We are in our 30s and we were a bit late to realize how money works. Although we just started, the thought of achieving something big, that never even crossed our minds before is very powerful and promising. + +We are three years into our marriage and we made some bad decisions the first year which put us in a lot of debt and that eventually pushed me to know more about FI and how money works. Since then we have recovered and I can proudly say that we became debt-free 3 months ago. We have been trying to save as much as we can to build an emergency fund and once we achieve that, we will start to invest. + +My only concern so far has been that my wife is not a math person. She has been 100% supportive of me taking charge of the finances and budgeting but when it comes to me showing her numbers and graphs, she freaks out and cannot comprehend. Its like she is scared of graphs and math. She told me she has been traumatized by her math teacher in class and she even fears calculators now. Keeping this in mind I never pushed her to learn about numbers and percentages and extrapolating graphs but I always wanted to teach her how investments work just in case I am incapacitated and she can take care of herself. + +Yesterday, as I was thinking of ways to at least show her how our budget works, I remembered a diagram (sankey diagram) but I didnt know the name of it so I turn to you guys and tried to explain what I was looking for. I am so thankful to those that replied and told me it was Sankey diagram. I went ahead and make the Sankey diagram for my wife thinking it has no graphs, its very visual and easy to understand. And, when I went home and showed her that, she loved it! She understood everything listened to me with 100% attention while I was explaining everything to her on the diagram. + +I just want to emphasize on the importance of your spouse being on-board in the FI journey and that you have to find ways of making it easy for them to get onboard and not push them to do it if they do not know the concept. For those of you who are still single, keep this in mind that once you are not single anymore, the most important thing in FI journey will be your spouse supporting, understanding and working towards your shared Financial Independence goal. + +EDIT: [Example](https://imgur.com/fdv7qCs) of a Sankey Budget Diagram + +EDIT 2: This is just an example diagram and not my ACTUAL budget. +So everyone is speculating about the EOM announcement of BBBY and at this point any positive announcement could ignite the fire and we could easily see $30+ prices. + +Some people say that the announcement will be bankruptcy. I kind of doubt it. + +Do companies make a planned public announcement where they announce bankruptcy? Don't they just silently file for bankruptcy and let people know it from the news? + +Also, there is the recent 8k filing... + +I see 3 possible outcomes: + +1 - They announce bankruptcy. In this case I announce bankruptcy as well after ordering a rope from Amazon. + +2 - They announce some neutral bullshit blahblah. This means that they are not going bankrupt right now, but somewhere in the near future, so we are fucked. + +3 - They announce spinoff of Buybuy Baby. This means rockets and watermelon fucking. + +What are your bets? + +Position: 250 @ 16 +**The moderators have to use the rules**, especially in a community like this where there are a ton of people going every which way with their opinions, on top of the actual shills, haters, trolls, and other nonsense that they're dealing with. + +**If you start saying there should be exceptions to the rules** and when the moderators DO NOT MAKE THOSE EXCEPTIONS, you start to take shots at the moderators and claim THEY are somehow corrupt, **you have just betrayed** the very concepts upon which this entire thing works. + +This is a very challenging place to moderate, I know because opinions MATTER here. Words MATTER. **When things get said and spread around, the bandwagon starts up here** and no amount of moderation can (or sometimes should) stop it. We apes get an idea collectively in our head, and like a flock of birds we will hurl themselves in whichever direction the flock decides to go (no one individual can even say). That is happening NOW with THIS topic. + +**The mods cannot exist in a system where we just happen to decide someone is immune to the rules. That means IF THEY FOLLOW THE RULES then YOU WILL SOMETIMES ATTACK THEM FOR IT, maybe even get mods kicked out of the sub for it because of your outcry!** You will claim a hundred ways this isn't the case, but the mods are acting in the best interest of the sub, whether they make mistakes or not. If they make mistakes 1% of the time, the other 99% of the time they're doing a great job, that's fantastic. That's what you want. + +Appeals are a thing. If the mods make a mistake let the mistake be appealed, NOT by the community but by the person affected. The community is a mindless bandwagon mob, NOT a thinking deducing body that figures things out. This is why DD is not something that happens as a group but happens as individuals - both the original writer of DD and everyone else who reads it and understands and learns (doing YOUR due diligence by learning these things). + +The mods CANNOT continue to exist if you jump to attack them for everything they do, mistake or not. **You are pushing towards anarchy, and that will NOT serve us well here.** +There are a couple post here that has the sentiment that crypto is the only road to riches. Given crypto's astounding track record and astronomical returns, it is not hard to see why. However this mentality is dangerous and limiting, as there are other viable investment opportunities out there. I am not dismissing crypto's endless potential as crypto has a decent proportion in my investment portfolio. + +Stocks, along with Bonds, are traditionally the slow and steady road to riches. The great thing about stocks is that even though it seems scary with so many different companies to choose from, there is no need to go in deep as simply buying an index fund ETF like S&P500 or MSCI World Index has shown to perform better than the average managed funds. There are definitely opportunities to pick stocks on companies that you understand well and get solid returns, but like I said, there's no need for it as a simple passive investing strategy of buying ETFs consistently over time will suffice. Even though the returns aren't as stellar as crypto, it is much less volatile and has a much longer proven record of over more than hundred of years of long term returns. Instead of throwing everything into crypto, it's better to have some allocation into stock/bonds for diversification. + +Investing in yourself, learning new marketable skills like design, coding, marketing etc., getting a trade certification, buying workout equipment, getting a gym membership is also be highly valuable as improving yourself not only allow you to earn more, which you can then invest more into crypto, and having a more fulfilled and more healthy lifestyle will allow you to enjoy the fruits of your investment and labour. + +There are also plenty of other investing options like real estate, gold/silver, and starting your own business, each with their own characteristics and risk/reward that can be considered too. Like the internet and crypto, who knows what innovative new opportunity is going to arise? + +My point is crypto is not the only road to riches, and it is important to keep an open mind and take up any opportunities that arises, but don't forget to do your due diligence at all times, or like this sub like to call it, DYOR. +I calculate roughly 2 shares per month will be added to the infinity pool because of this. + +Figured I don't need to self medicate since I'm gonna get to try all new kinds of space drugs soon :) + +420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069420694206942069 + + +Edit 1: WOW Did not expect this kind of support, was browsing superstonk on my new phone (not logged in to reddit) and happened to see my post on the top, so surreal. Thank you apes <3 +Update: Got the meter "re-read" about a week after the call. The price got knocked down to an appropriate amount ~$125. It seems that the person taking the reading fudged the numbers, and then their computer ran an estimate off that. + +We've been working from home since March of 2020, and the monthly bill has pretty much hovered around 100 bucks every month since except for the last two months. + +The usage says we used about 12,000kwh for the last two months (Edit: 11,000kwh one month then over 12,000kwh the second month, a togtal of over 23,000kwh in two months), we didn't catch last month because it's automatic payment, it didn't go through and got tacked on to this month's bill with a message of passed due (how we noticed) of a total of around $2,800. + +The meter reading 3 months ago read 846kwh, and right now it reads 840kwh when I checked it after I made a call to the power company. + +The power company said they will put a hold on our account and we should pay what we think is fair, and that we will get a tech to read your meter in 7 days. He said that the reading I have him sounds right for us getting charged almost 3k for two months.... It doesn't seem right to us. We unplug devices from the wall when not in use, have energy efficient lights, 3 loads of laundry a week. And have been very consistent with our usage for almost 2 years. + +What should we do to contest this if they say the charges are correct? Any other advice? + + + + +Edit: clarified the powtogusage, I meant to say 12,000 per month not for 2 months. + +Gonna start looking around for suspicious activity, and check my water heater. + +More details: house is 1,024 square feet, no shared walls, 2 neighbors, that are about 50 feet from the house on the sides, a park is behind the house, our electricity comes from poles that run along the divide between the houses and the park. +We have main a.c. that we don't use for a while, fans and windows are just fine during the day, at night we use a through the wall a.c. unit to get to 72°F to sleep. +To give some context, the current job which I accepted earlier this week is with my ex-boss, who is actually a gem of a person to work with and the project is also quite interesting, but the contracting was through an agency which offered me about 1/5th of what I was getting before. Due to covid and being jobless for about 4 months and giving multiple interviews but not getting responses, and on top of that about to get married in 2 weeks, I had to give in and accept the low-paying job. Now within 3 days I got an offer from one of the companies I had interviewed for which is about 10% more than what I was getting pre-Covid and a role upgrade. + +What should I do? It is a no-brainer if it was any other company or reporting manager but since I have a very good relation with my ex-boss I don't know how to approach this - accepting a job offer with him pushing for my hiring and resigning in 2-3 days after getting onboard. please advise. +Thanks for everyone who read my earlier post and gave me advice. Although I did not qualify for any assistance, I do qualify for care credit and they will help finance the most of cost of his surgery. Hopefully, this will be his only surgery. He will be back to a normal bouncy little boy in no time! +I could really use some advice. + +Our parent passed away over a year ago and we both inherited the house. + +It was built in the 1950s (2b/2b) and our parent who owned the house did the bare minimum upkeep. Valued at 450k. + +We both live out of state, 5 hour plane ride away. + +I want to sell and split the money and move on. + +My brother wants to spend 60k to renovate and then rent it out. He is opposed to an estate sale and thinks getting a property management company is absurd. We both work full time. He flipped one house and lost 20k. + +At first I thought I would give it a try but after careful consideration have decided against it. I have handled all property maintenance over the past year and it has been expensive and exhausting. + +We have had one contractor come out and promise a full renovation in 3 weeks for $60k. + +Issues I am aware of: +-Basement floods during rain +-fireplace gets wet during rain +-basement floods when running dishwasher + +I am no expert and not interested in doing a long distance renovation or being a landlord. I also want to protect our relationship. I worry that there is much more that will be discovered and I don’t even know what kind of permits need to be pulled, or if we are even allowed to rent in the town. + +What are some solutions? What does a buyout process look like? + +Any advice would be massively appreciated! + +Thank you +I had a significant stock portfolio going into 2008-2010 and of course it dropped significantly. I didn't sell thankfully and continued to plow money in every month. I remember seeing some attractive real estate (beach condos I've always lusted over) dropping in price during that time to amazing lows. Unfortunately, my stock portfolio was low as well so I couldn't really feel comfortable jumping on anything. + +Fast forward to today and we all know stocks (and RE prices) are back up again. Anyone in a similar position and making a conscious decision to stock a certain amount away to use in the event of the next major crash? + + +I have been doing a lot of research on this, but come up empty handed. I am looking for a framework that I could use for rough evaluations of potential properties. (20% margin of error is acceptable). What method do you use for doing your own rough evaluations of a property if you don't have access to the MLS but want more than Zestimate. I know a agent can provide things like: Comparative Market Analysis, Sales Comparison Approach, and Brokers Price Opinion. But I want to avoid wasting an agents time right off the bat. + +Basically I want a rough way to filter out properties that don't fit my needs right away so I can focus more time on researching & running numbers on properties that have potential. + +I don't mind the research and running the numbers, I enjoy those things. Just looking for a system to use. + +All advice is appreciated, Thanks! +Hey all, + +My parents are selling their home and looking to downsize. They built their house 20+ years ago at the right time in the right place and they have seen some significant appreciation. The real estate agent selling their home approached them with an investment opportunity. One of his clients is selling 5 single family homes. Each house has a renter already in it. They are paying $1,000 a month for a total of $5000 a month. He wants $500,000 for all 5. I did some basic calculations and figured they would make about $300 of profit off of each house, excluding capex. What are some ways to look at this deal? What are some pitfalls to be weary of? My parents already have 2 investment properties from deceased relatives, so they are not completely new to managing property, but they are new to buying property as an investment. Thank you for any advice. +Who was in the game and affected by the savings and loan crisis? That one knocked my dad and uncle out of business. + + + +What did you learn and how did your business and personal philosophy evolve after either (or both) events? +Colorado - Multitenant home + +Have a tenant that has lived on site for over 25 years. She helps out from time to time but ultimately she is kind of like an aunt that I fully expect to live out her days in our unit. + +That said, she also has a rent that is less than half of any other tenant. We are doing upgrades since the unit is so old, new appliances and windows the last few years while we upgrade other units. + +Further as she continues to age, she is working far less, and has no real savings or retirement. Has worked as a cleaner her whole life. + +Is there any assistance programs or ways that we can help her with rent? If anything, just so she can save what little she makes for daily living. Even better if we can get additional rent so I can more reasonably help upgrade the unit and make it nicer for her? +What are some things you do in your rental property before it hits the rental market? + +Things I have learned from others include: removing all carpet and installing LVP, adding a vanity (ledge) back splash in the bathroom to minimize water damage to the wall, installing water guard at both ends of the tub, adding door stoppers, wiring bathroom light and fan so that they turn on/off together +Hi everyone, +I have a 3 unit multi family and have 2 out of 3 units rented out and I live in one of the units. I get of course rental payments from those units and I was putting the payments in my personal account to pay the mortgage. Should I put those payments into another separate account to pay the mortgage and other expenses such as water, lawn care, repairs, vacancies, etc even though it’s my only property for now? +Thank You in advance +Proof: http://i.imgur.com/mucEdUP.jpg + +Hi /r/bitcoin, I'm on a tour in the DPRK right now with the amazing (and bitcoin-friendly) Koryo Tours, here to watch the Dennis Rodman basketball game. + +What better use case of bitcoin than to send money internationally from what is probably the most restrictive country in the world? And what better recipient of that money than /u/SeansOutpost? With bitcoin, borders mean *nothing*! + +Granted, using the internet is not a privelege afforded to the large majority of North Koreans, so it will be a while before the people of the DPRK are sending bitcoins to each other, but I have been giving paper wallets with a few mBTC each to the Korean guides accompanying us on the tour. However, I believe that this is the first time a transaction on the blockchain has been broadcast from this country. + +Here's to a great new year, /r/bitcoin! +Hello bitcoiners! I hope the recent rally has been making you happy. I'm here to share probably the second last Pineapple Fund update, and hilarious logs of an attempted scammer getting what they deserve. + +First: + +* I donated $250k to Let's Encrypt. Started by Mozilla alumni, they provide free, automated TLS certificates to secure the web. With an annual budget of $3m, they're on track to encrypt more than 120 MILLION websites! + +* I'm making a $1 million donation to Nuzzles and Co. They are a small, no-kill shelter in Utah, and they're even serving the Ute and Navajo Native American Reservations. This donation will help Nuzzles pay off their hefty mortgage on their rescue branch, increasing their sustainability and reducing their expenses forever! + +* Also donated $250k to the Tennessee River Gorge Trust, a nonprofit protecting 17,000 acres of the Gorge since 1981. This donation will go towards not only land acquisition, but also water quality and migratory bird research projects. + +* $1 million to SoGal Foundation, a newly established nonprofit from SoGal Ventures with a mission of closing the gender gap in entrepreneurship and venture capital. I'm excited by what they can do! + +* $250k to Many Hopes, who are rescuing children from abuse and poverty, providing education and support, and with the goal of creating intergenerational change. + +I also want to share a hilarious story of how Pineapple Fund supporters helped thwart a scammer. A month ago, I receive a reddit PM from a user who claimed to have inside information that Pineapple Fund was scammed by a dummy organization. That caught my attention, so I did a comprehensive review of all funded applicants and transactions. Everything looked right. + +I emailed back, asking for more information. This person sent me a screenshot, of a forum post where someone claimed to have stolen from the Pineapple Fund. Some things about it looked very off, and the person seemed to want some money to divulge more information. As someone who's been in crypto for years, I'm always vigilant and smelled a scam. + +After a re-audit of our donations, I'm confident that every single donation reached its intended target. Not wanting to leave any stones unturned, I sent the screenshot to a couple of whitehats who had offered help to the Pineapple Fund. + +A little while later, they were able to identify the forum. It was of a popular, invite-only torrent tracker, and the scammer used its layout as a base and Inspect Elemented a thread to make it about the Pineapple Fund. The usernames and avatars in the doctored screenshot were real users. Case solved, scam confirmed. But that's not it. + +Our whitehat then got in touch with the forum admins, and they were even able to find the thread in question. Because it was an old thread, only one person visited it in 2018. I received the screenshot from the scammer minutes after that visit. The admins banned the user. + +A while later, the scammer tried get in touch and make amends with the admin. I'll let the hilarious logs do the talking. This was sent to me by the whitehat. Thank you 'Pim', and thank you to the admins of the site! <3 + +https://pineapplefund.org/lol.txt + +Anyways. Pineapple Fund has a few hundred bitcoins left. It's been an amazing experiment in charitable giving, and I'm looking forward to the final contributions and sharing my learnings. + +I'm also looking forward to concluding the Pineapple Fund with an awesome puzzle filled with prizes. If you've ever wanted some money from the Pineapple Fund* as an individual... well, you will have a chance, but you'll have to earn it with your puzzle-solving skills :) + +I'm excited to be working with brilliant artists, puzzle makers, and even a legend who you may know. Stay tuned! + +*All puzzle money will be donated by me personally, and will not come from PF funds or donations :) + +<3, +Pine +The U.S. Securities and Exchange Commission (SEC) is investigating Deutsche Bank's asset management arm DWS for possibly making embellished statements about sustainable investments, according to a newspaper report. The investigation by the SEC and the U.S. Attorney's Office in Brooklyn is at an early stage, the Wall Street Journal (WSJ) reported, citing people familiar with the matter. The former head of sustainability had previously indicated that DWS overvalued investments based on sustainability criteria, the report said. + +Link: [https://www.n-tv.de/wirtschaft/DWS-hat-Arger-mit-US-Boersenaufsicht-article22765567.html](https://www.n-tv.de/wirtschaft/DWS-hat-Arger-mit-US-Boersenaufsicht-article22765567.html) + +(full article translated into english in comments) + +Chart: [https://www.onvista.de/aktien/chart/DWS-Group-Aktie-DE000DWS1007](https://www.onvista.de/aktien/chart/DWS-Group-Aktie-DE000DWS1007) + +I know it might not be related to GME directly, but i thought it's worth sharing. Maybe someone is able to look into it and we will find out. :) + +&#x200B; + +Diamantenhände **🦍💎✋🚀** +I have been trying to find information about owning ATMs. I have been trying to find what kind of returns, prices, fees, pitfalls etc. to expect. Does anyone here have any experience with ATMs? I would love any sort of advice anyone has about this. +For some context I’m only 21 however I would say I’m fairly competent with money and budgeting etc. + +I listened to the audiobook (not all of it) and from my perspective isn’t it just creating different accounts for different things. I mean is budgeting really that hard for many Australians? Is setting savings goals and living within your means really that hard? + +He also recommends ing’s HISA but like surely many Australians who want to save will look for a savings account with a good-high interest rate before parking their money in it. + +He then goes on to suggest a super account with the lowest fees etc. I’m no expert by any means but isn’t most of the stuff he recommends in the book common sense? + +Overall i just don’t see what’s so special about this book and the advice he gives. What sets him apart from others and why is it highly recommended on this sub day after day. I see lots of comments say I suggest you read ‘barefoot’. + +I know he also mentions about investing in the share market and from memory home loans too. + +What is the big deal? Or are my perceptions about monetary literacy and our financial wisdom flawed? + +Edit: I was only asking a question to see if there was something I am missing. I’m not acting or pretending to be some finance guru... + +Edit 2: thanks for the insightful and in-depth comments. Feels nice to have inputs from various people on this topic. Apologies if the post came across as condescending. I was just curious if I was missing something to do with the book. It’s obvious I’m fortunate to be knowledgeable with the subject of finance and I acknowledge I have underestimated the amount of people who are not as fortunate as me. Something I don’t take for granted anymore. +Hi there, would be grateful for any advice. + +My wife and I are first home buyers and had an offer accepted for an apartment near Parramatta. We submitted the offer before getting unconditional approval, as our mortgage broker assured us it was a super easy loan to get approved (our deposit is 55% of a $480,000 apartment, we are mid-30s, both employed with a total annual income of $150,000, no dependents). The vendor also gave us a 10 day cooling off period. + +However, the cooling off period ends on Friday, and the mortgage broker still hasn’t gotten us the unconditional loan. He has been super slow to respond and keeps telling us it will be done tomorrow, or in a couple of days, and he has said that for over two weeks now. We contacted the bank directly yesterday, and they advised us it will take until Monday to get the unconditional approval. But they also said they couldn’t guarantee that date... + +We are worried we are going to miss out on the apartment as well as forfeit our 0.25% holding deposit. + +Is there anything we can do to get the bank to escalate? +##Why Interview Tips? + +Recently, r/Superstonk had some phenomenal AMAs with Industry experts hosted by our very own u/atobitt, u/jsmar18 and u/luridess that really elevated the level of content we're consuming. I think the moderated video interview format is a huge step up from the original AMAs where guests were just bombarded with questions and answered pretty randomly. I also think the decision to have the different mods moderate interviews for different interviewees with different expertise was a good call. It already is a lot better but I think with some advice on how to conduct interviews from professionally trained apes, it could become even better. + +There are many different types of interviews. I think the ones most people are familiar with are entertainment interviews with celebrities, as well as job interviews in a hiring situation. Those types of interviews are very different in how they are approached and I am trained in an even more different type of interview: research interviews. Obviously, the r/Superstonk AMAs aren't really scientific endeavors and the interviewees aren't participants in a study. But I think one thing that is important to apes is objectivity and actually not just confirming biases which is at the heart of research. So, I think I could give some insights on how I would do things to avoid bias and the mods can feel free to pick what works for them and what doesn't. Who knows? Maybe a journalist ape or a radio host ape might be inspired to write interview tips from their perspective and the mods can create a Frankenstein interview format that fits their needs. + + + +##Prep + +I noticed during Hagberg's interview, the first half hour was him talking about history. During today's interview I saw someone complain about that in the chat but I think this may have been a conscious choice. The interviewee comes to the interview with their own reasoning for why they will give an interview. So, I assume that was a decision the mods made in respect for their interviewee. + +I'm a UX Researcher and before I throw myself into interviews, I have a kick off meeting with my stakeholders to find out the background of why they want a study and what their goals are. One of the most important issues for me is to find out the overarching research question. Stakeholders often come in with very in-the-weeds questions about random things they want to find out and as a researcher it's my job to look at all their questions and find a pattern, then figure what is the BIG question behind all these questions. I also will not be directly using the questions stakeholders give me. I will write a discussion guide in which I wordsmith the questions to be scientific and get rid of redundancies and questions that aren't helpful in getting us to the overarching research question. + +Obviously, you're not a researcher who wants to improve a product but I think collecting the AMA questions from Redditors is kind of like collecting questions from Stakeholders. There's a mess of random questions, some are redundant, some have similar topics. It'll be helpful if you write those questions on cards or post-its or tabs in an Excelsheet and group them together based on topic. When you've grouped them all, come up with a name for each stack or column and give it an overarching theme question. Then look at all the overarching theme questions and try to group those together. Keep doing that until you arrive at 1-3 big overarching questions. + +What's probably very different between the AMA and a research interview is that you have another stakeholder: your interviewee. As a researcher, I would never show the questions to the participant beforehand but in your scenario you may want to show the questions to your other stakeholder. Your interviewee probably comes in with their own agenda and showing them the questions beforehand gives them the opportunity to tell you what they want to answer and what not (the way they were able to during the text AMAs). It also helps them prepare for questions if they need to. They can also suggest some questions that they would like you to ask you, so it doesn't just seem like they are talking for half an hour and it'll be more conversational. + +I assume you probably have some kind of script or a set of questions before you go into the interview. It may help you to think about what the overarching question or theme is and how you want to structure the interview to get the answer. + + +##Unbiased Questions + +Asking questions that are unbiased is a delicate art form and researchers spend 4-8 years in college learning about thousands of biases and how to avoid them. Of course, unless you have a psychology degree, that's a lot to ask and you can't fully avoid asking biased questions. And maybe you don't want to. Journalists and talk show hosts usually ask leading questions not because they don't know any better but because they want to influence the interviewee's response. Just think of the congressional hearings when someone tried to influence Keith Gill to respond he wouldn't buy GME at $45 or in the last hearing various people tried to get Gary Gensler to say something they wanted to hear. That's a strategy not an accident. However, if you do try to be more objective, here are some tips from a researcher. + +###Don't ask yes or no questions if you anticipate a specific response. + +During the Hagberg interview, u/atobitt asked "Shorts have to cover, right?" This caused a bit of an uproar because the interviewee's response wasn't what was expected. If you're going to ask a question, you have to be aware that your interviewee may respond in a way that you didn't expect or intend. In this case it caused a bit of confusion. Something similar happened when Alexis Goldstein was asked if she believed in the MOASS. In that situation, it would make sense to probe: Do you think the situation is different for GME or is it the same? Why do you think the MOASS is unlikely to happen? What are some things that you believe will prevent MOASS from happening? But it is best to think about it as you are writing your script and think hard about "what is the universe of answers?" Don't ever think participants will just give you the obvious response. Expect any and all possible perspectives. + +AND write probing questions accordingly. I often write down "if yes, what do you do with it? If no, what other x y z do you do?" Then I probe depending on the participant's response + +###Don't give unnecessary context. + +A lot of the AMA questions asked by Redditors have a paragraph of context before the actual question. This may help clarify what is asked but it may also be leading. As an example, my questionnaire design professor once showed us polls asking about whether respondents believed Obama's birth certificate was fake from a conservative news outlet (FOX News) and a liberal news outlet (I think it was NY Times but not sure). The difference in responses was astounding and surprisingly the FOX News poll had far fewer people thinking Obama's Birth Certificate was fake. Then he showed us the questions: the FOX News poll asked "Do you think Obama faked his birth certificate or not?" the liberal poll asked "Some people believe that Obama faked his birth certificate. Do you think he faked his birth certificate or not?" To anyone with a psychology degree the bias here is glaring: human beings have a strong desire for social conformity and you just made a claim about what others are thinking. To us that looked really really stupid. So, my professor actually called the author of that poll and asked "what the hell were you thinking???" He told us that the author from the liberal newspaper explained that they were embarrassed to even ask that question because it just seemed so ridiculous. So, they wanted to give some context about why they were asking such a ridiculous question and thereby biased the participants. + +As a researcher, I often ask questions that seem really obvious because I have to validate our assumptions or questions that seem redundant because I have to know if anything is different if we make slight changes. At the beginning of each interview when I give the whole Spiel about who I am and what we're doing, I always tell participants that I will ask them questions that seem obvious and redundant and why I'm doing this, so they don't get annoyed with my dumb scientific questions. + +If you think the context is needed to understand the question, then give the context but be aware that this may cause bias and make the interviewee say things they don't actually think. + +###If you ask the interviewee to choose a response give them both (or all) options. + +One really egregious thing I see a lot in surveys designed by people that weren't trained is that they don't consider the universe of answers. If you ask someone, "do you like x?" people are most likely to respond with yes. There are actually several biases going on in this example: 1. people are more likely to respond yes to any question than no, 2. By only giving "like" as an option but not "dislike," you just primed people for liking (which will also have an effect on all subsequent questions), 3. people want to please the researcher, so by giving them only one option you let them know what you want to hear. + +Instead of asking "do you like x?" a researcher would ask "how much do you like or dislike x?" "Do you want to do x or not want to do x?" Always consider the universe of answers. Maybe they neither like nor dislike. This was also a problem with the question "Shorts have to cover, right?" Because you're communicating to the interviewee that you expect to hear that shorts have to cover. He then went into an explanation. It may have caused discomfort to disagree, so he felt the need to justify why he disagreed. + +###Think about the order you ask questions in because each question influences the interpretation of subsequent questions. + +If I ask people "Do you agree or disagree that everyone should be treated equally?" And then follow that question with "Do you prefer to donate to local or international charities?" I would get very different responses than if I switch the order of those questions. Why? Because in the first question, I ask people to affirm their personal values (and most people would agree to that question). The second question is colored by the value that was just affirmed. If you think everyone is equal, then it would create cognitive dissonance to answer you prefer to donate to local charities because it's incongruent with the value that everyone is equal. If I switch the questions, the donation question will not be colored by a value that was just called into mind. + +This is also why it's important to have a discussion guide in which you determine the order of questions and structure of the interview. Everything you discuss will color what comes after. Sometimes you'll want a question to be informed by another. Other times you don't want a question to be biased by another. Keep that in mind. + + +###Make them show not tell. + +When I'm collecting questions from Stakeholders about a prototype or feature, designers always ask "is anything confusing?" I never ask that question in an interview. First of all participants will almost always say no because a) they don't want to look stupid b) they don't want to tell me it's a bad design and c) oftentimes participants don't even realize they're confused. Second of all, if I use the word confusing, they will only answer in regards to whether it's confusing and they may have told me something I didn't think of asking if I hadn't used that word. So instead I ask "What is this? How does this work? Can you explain to me in your own words what this means? What would you do next? What do you expect to happen when you click on it? What just happened? Is that what you expected?" This way I can see exactly where the participant is confused but also if they're not confused but just put off by violated expectations or intrusive visual design etc. + +During the Alexis Goldstein AMA, someone asked her "Do you think the MOASS is gonna happen?" And she said no and all hell broke lose. Back then we had text AMAs, so there wasn't really a great way to probe why she thought so. In that regard both question and answer were kind of useless because her response just caused an uproar but there was no justification of that response. If this had been an interview, maybe you could have asked how likely she thinks it would be for the MOASS to occur instead of just whether she thinks so. If she said it was unlikely, ask why she thinks it's unlikely. If she brings up something that apes have debunked, bring up the information that contradicts it as a hypothetical "if there were actually x y z, what would you think would be the likelihood then?" If she brings up something that apes were unaware of or haven't debunked, probe. + +Or another example, if you want to ask Dr. T what the DTCC might do to stop the MOASS, instead of asking "what's the DTCC gonna do about the MOASS?" Ask "If you were the DTCC and for some reason you don't like the MOASS, what would you do in that situation? Why that? But what if apes don't sell? What else can they do?" + + +###Just don't ask leading questions in general. + +That's a difficult ask if you haven't studied psychology but as you are writing a question try to think of every possible interpretation of that question and every possible way in which an interviewee may be coaxed by that question to answer a certain way then rewrite the question accordingly. + + + +##Presentation + +###Your own video + +When I did my first remote interviews, I just grabbed a conference room and started interviewing participants with their face on a large projector. I later showed the videos to my research team to get feedback on how I interview. One of my senior researchers pointed out that I was sitting in a large room far away from the camera while the participants were framed from the chest and shoulders up. She told me that creates distance between me and the participant, as well as creates a hierarchy. As a researcher, I already have authority in the lab situation and by sitting far away from the camera, the hierarchy is made even more prominent. She suggested that I sit at a close distance to the camera so that the participant sees me from the chest and shoulders up to create more intimacy. Ultimately, you want to create an athmosphere of intimacy and trust between you and the interviewee so they can feel comfortable to say whatever is on their mind. + +None of the mods did something as bad as I did when I first interviewed. I only noticed that u/atobitt usually sits a bit further from the camera than the interviewee which can create a hierarchy. This can be amplified because as a moderator you are the one in control. I can also understand that u/luridess may not be comfortable showing her face in the AMA. Idk if it's possible with the software you use, but maybe if the picture of Elle Woods is a full screen picture from the chest up looking directly at the viewer it would create more intimacy. I think u/jsmar18 was a bit higher than the camera which caused him to look down. + +###Reactions + +I noticed the mods show their appreciation of the interviewee by responding to what they say very emotionally. They say things like "Wow!" Or "that's crazy!" Or "That must have felt X Y And Z." u/luridess was really in awe of Lucy Komisar today. I also see that a lot in entertainment interviews and I think that adds to the conversational mood and is a way of saying "I hear you!" It's particular to that kind of interview. You would see that kind of reaction less in a job interview. + +As a researcher, strong emotional reactions to what a participant says are a big no no. I have to monitor my reactions because my reactions can bias what the participant says. For example if a participant mentions something and I react very excited, it communicates to them that they just said something that I like to hear. It's human nature to want to please others, so if I react too excited or too surprised, the participant may say more things that are similar to elicit the same reactions. I will smile and nod but not in a way that communicates I like a particular thing they said. In general I try to look interested and curious, leaning my body forward. I go into therapist mode. I'm interested in and validate everything they say to make them feel heard but do not react with shock or excitement and I never agree or disagree with any of their opinions. + +In general, interviewees have a tendency to want to please you and say things that you want to hear. This can bias what they have to say. When I do my introduction before an interview I generally say "I didn't create any of the prototypes you will see today, so your feedback cannot flatter or offend me. Please feel free to give me your open and honest opinions." I say this to give the participant a free pass to shit talk and be honest. Shit talking participants are the best participants you can have to figure out what needs to be improved about a product. + +You may not have a product you want to improve and you may actually intend to keep the conversation rosy, so apes don't freak out. But if you want honesty, make it clear you want honesty and you won't be flattered or offended. + +###When to interrupt + +In general, I wouldn't interrupt someone I'm interviewing unless I want to stop them because they're going on a long rant about something irrelevant to the research or I have to watch my time. I'm there to facilitate for them to speak and give us the information we need. I'm not there to give my own opinion or explain things to the participant. If I do want to explain something to the participant (for example a feature they really want already exists) I do it after the interview. Explaining things during the interview is not relevant to my observers and may bias the participant, so I do it after. If I do give a personal opinion, it's usually very quick like "Oh me too! How funny!" It helps create intimacy but doesn't really interrupt the participant. + +I noticed during the AMAs the moderators sometimes hear the interviewee say something they relate to as apes and then tell them about something that apes are doing for a few minutes. That's a valid approach and something I see a lot in entertainment interviews as well. It creates intimacy and makes it more conversational. However, I also saw viewers in the chat complain they just want to hear the interviewee. I think in that situation it might be worth to consider the emotional impact on the interviewee and if it's relevant for the audience. I think when u/atobitt told Queen Kong that she now has her pitchfork mob that was a very sweet moment that maybe didn't add information but had an emotional component that was really memorable. + +I also noticed a lot when the interviewee says something that confirms our bias, the mods ask them if they just heard right or repeat in their own words what the interviewee just said and ask if it's correct, usually accompanied by "Wow!" + +I often paraphrase what a participant says to ask if I understood correctly, especially if they said something complicated or something that could be interpreted in several ways. However, I wouldn't do it just because I want to hear what they said again. This goes back to not communicating what pleases me. Also, in a lab setting having someone repeat what they said when I understood perfectly fine seems like a waste of time that could be used for my other 30 questions. Then again, this isn't a scientific interview. It's more for entertainment but just be aware that asking twice when you understood just fine can cause bias. + +###That being said, do what you think is best + +These are interview tips from a researcher and they help reduce bias and make an interview more objective. However, you're not doing research interviews and you are not required to pay so much attention to bias. Especially if you feel like creating more of a two-way conversation, it's ok to let the moderator give their opinions. It's really a choice of format. Just make sure it's intentional and serves the purpose you're trying to achieve. + +Tl;Dr: You're doing great. Keep it coming. Buy & Hold 🚀🚀🚀🚀🚀 + [PROOF](https://imgur.com/a/J3NS8eI) + +&#x200B; + + [Original Thread](https://www.reddit.com/r/GME/comments/ljwo3v/serious_researchers_needed_now_i_think_i_know/) via [u/ahh\_soy](https://www.reddit.com/u/ahh_soy/) + +[Reply](https://www.reddit.com/r/GME/comments/lkgrhe/xrt_shorts_mapped_to_gmes_chart/) via [u/draconic86](https://www.reddit.com/u/draconic86/) + +Were on to something here boys. Notice how the [MASSIVE DROP](https://imgur.com/a/oSlgKXv) in GME shorts correlates exactly with the peak short of XRT-- which was shorted over 800% of float that day. Hedge funds bought to cover their GME shorts while simultaneous shorting XRT, which is an ETF that contains GME. They bought long positions in all stocks contained in the ETF to stay NET SHORT GME. + +**THEY DID NOT COVER.** + +This is the fucking DD. Share for visibility. Keep holding. + +TLDR: Buy and hold GME (not financial advice) + +&#x200B; + +*Disclaimer: I’m long GME, obviously* + +EDIT: The point of this is NOT to buy XRT. The point of this is that they’re shorting XRT as a middle man to hide their GME shorts. GME is still very much the play. Read the linked threads for more clarification + +E2: For those concerned about XRT's short % drop from 800%, XRT shorts have actually [increased](https://imgur.com/a/wzocXIL) since then. This means that XRT INCREASED FLOAT instead of DECREASING SHORT INTEREST. If you're considering buying GME today I would look for a dip around 11:30 ET (still not financial advice) + +**E3: DO NOT BUY XRT!!!!!!!!!!! These hedgie fucks might pump XRT and AMC this week hoping the apes here are truly retarded. GME is still the play. Buy low sell high, and right now GME is low af. HF's have read this post by now. Be aware.** +[https://finance.yahoo.com/news/binance-suspends-pound-sterling-gbp-eur-withdrawals-fca-regulation-120318408.html?fr=sychp_catchall](https://finance.yahoo.com/news/binance-suspends-pound-sterling-gbp-eur-withdrawals-fca-regulation-120318408.html?fr=sychp_catchall) +So, I did pulled data from oct 2020 to march 31 2021 FTD from[https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) + +And did a pull the list of ETFs that contain GME , and it allocated %. + +I load the data into a program call Qlik and generated a model by date to see what GME is daily. + +If you like simple numbers here's the table for daily FTD + +column 1 = date of FTD + +Next 3 column is the ticker GME the FTD + +Next 3 column is the ETF FTD (this the 72 etf and its value and FTD quantity) + +Next 2 Column is the GME Allocation % in the ETF , Qty and $ value based on the ETF cost. + +Next 1 column includes both GME ticker + GME Allocated in the ETF daily FTD $ + +Next 1 column is the ETF Moving Avg Daily FTD (take the ETF Daily FTD $ row and average it day by day ) + +next 3 column is the Moving Avg calculation: + +1 . GME Allocated % for each ETF , sum of that , and avg FTD $ daily avg + +2. GME ticker daily avg + +3. combination of 1+2, so the daily moving avg. + +https://preview.redd.it/0a9yrwwxqeu61.png?width=1630&format=png&auto=webp&s=21e8c9dd67b525be2cff7cf20dd0256d77fd261c + +Moving Average in terms of FTD $ gives an idea from starting point (in this case 10-01) what it cost kick the can down the road. + +&#x200B; + +https://preview.redd.it/ewy87umoteu61.png?width=137&format=png&auto=webp&s=51606160121edf3a0d6495fbd614746f52d22789 + +Here's the first 3 record FTD for all ETF that has GME , using its % to calculated its cost base and a sum of the total of all ETF with GME in it, this is the moving avg + +&#x200B; + +https://preview.redd.it/optwgan5ueu61.png?width=128&format=png&auto=webp&s=14ba4cb585dbe6127bfb0994a730e0e829e9de39 + +This is derived from the ETF Daily FTD$, using the % of GME allocated in the ETF to get its true value of FTD + +https://preview.redd.it/fn891oneueu61.png?width=157&format=png&auto=webp&s=36551b06cf56e0e56f421fdba3ec90ed14e8955d + +Here's the ETF Daily FTD$ + +So our ETF Moving Avg , on 10-01 is itself + +on 10-02 = (10-01 etf daily avg 285886.95 + 10-02 etf daily avg 1108057.8)/2 = 696972.375 + +on 10-03= 285886.95+1108057.8+895382.37)/3 = 763109.04 + +..etc. + +that means if a share was 'closed' at any point its FTD $ value will be reduce, and it a share is added in the FTD it will also increase it anytime. + +&#x200B; + +TDLR: + +&#x200B; + +https://preview.redd.it/l2etu3n9veu61.png?width=3780&format=png&auto=webp&s=987b6a5d87ce1c5386adc81f0aebdb62909de7ea + +This is the Last column in that file above, in a line chart ... by day,the FTD is GME's FTD + the % of allocated of GME in each ETF using the ETF's cost basisSo literally they are just kicking the can down the road + +&#x200B; + +Edit1:forgot to post etf site : [https://www.etf.com/stock/GME](https://www.etf.com/stock/GME) + +https://preview.redd.it/0lw5yg23dfu61.png?width=1171&format=png&auto=webp&s=9bd98065779304f0831431f35ebc1e6231cbd0e1 + +if you go to the site select 100, you will a list of all the etf and its % GME allocated. this is the % used in the calculation with assumption that if its 11.99 %, and 100 qty was failed for FTXD, then its 11.99 share of GME failed to delivered. This is then using the Cost of FTXD for estimated $ and not the GME cost at that day. + +The EFT % allocation is a continuation of this :[https://www.reddit.com/r/gme\_capitalists/comments/ms8ahs/gme\_ftd\_etf\_and\_gme\_allocated\_of\_the\_etf/](https://www.reddit.com/r/gme_capitalists/comments/ms8ahs/gme_ftd_etf_and_gme_allocated_of_the_etf/) + +which list a table of all ETF, and its supposed GME FTD based on each ETF's %. Originally I could not post in r/Superstonk due to not enough Karma, but manage to get enough after that post to add. + +u/Mtbordie : + +\#2: I don't know much about the stock market so I cannot determine what the FTD$ value do to the hedgies. But speculate that this is their cost to they pay to the SEC/Lender for not delivering those shares. If that statement is true, then the cost in GME alone is the column with FTD+ETF%Allocation. It gives an idea how much it cost daily to kick it down based on share price closing value. + +I can provide numbers but I need a more wrinkly brain to explain to me how does shorting ETF affect GME since its GME is in the ETF. But if its shorting the ETF as a package, then the business cost would be GME Daily Failed + ETF Daily FTD since each ticker has their own cost, and that should be the kicking the can down the road business cost. + +\#3: The increase value is detrimental to the share price of both ETF and GME and the quantity failed. I don't manually calculate each entry. I code the Qlik app to load the csv FTD Files and create a table usin gthe ETF site with their % allocationg, hook up the ticker symbol for the ETF in the FTD File , then I plug in formulas for each column. + +Column1 is just a field which contains all date to group all the calculation against. + +column2 is the sum of quantity failed for GME ticker in the FTD Table by date + +column3 is the price closing + +column 4 is the column 2 x 3 + +.. etc. All data are from FTD csv file, with the exception of the % allocated to GME is coming from the ETF site tied to tied to the ticker in the FTD CSV. + +cost of gme=sum of gme's ticker FTD \* its closing price + +cost of etf=Allocation/100 \* FTD \* ETF Closing price + +\--there's an increase likely because there's an increase in either price of the GME/ETF or increase in the FTD of each + +&#x200B; + +https://preview.redd.it/ft21nnhpjfu61.png?width=754&format=png&auto=webp&s=fb79cf4a1c211093107768a130cca631a479471c + +&#x200B; + +Here's is a portion of the data set, this will increase their FTD $ value since quantity for GME and ETF FTD increase, but since ETF price doesnt really change much, while GME price changes quite a bit it increases their overall cost. + +\#4: The Daily FTD is whatever was reported in the csv file from the sec.gove site. From my understanding this is cumulative as per the site. And Yes that is to my understanding that if a share FTD today, tomorrow, and the next day it will be in each day until the share is covered, which then it should be 1 less from the total for that day. + +\#5: the graph show ONLY the bleeding value daily for FTD for GME. see # 2 above. If we takes the ETF FTD Qty \* ETF Price it would be ALOT more, but again I don't know how this work, so I isolated GME specifically based on the ETF 's GME Allocation %. + +&#x200B; + +Unfortunately this is me 'working' so this @ work. + +I plan to update this and add in yahoo's historical data for each ETF to list volume reported by end of day. + +&#x200B; + +I also like to get a list of all events for each day that actually have an event (like today's sherman forfeiting his share due to performance,.. RC tweeting days, earning , announcements, and any dates to get a better timeline of events under that could potentially affects GME pricing. + +Edit X: OTC Volume -- and Yahoo's Volume, this is just GME. + +I'll just leave it here + +https://preview.redd.it/6t4li4jedmu61.png?width=1902&format=png&auto=webp&s=1cdb76fbf277cd34b7d37f1b1c5f1c3ded1148e2 +Is it time to pick some juicy berries? 🍇 + +I had a look at $BB and assume that we finally formed the bottom. In the last few days we saw a sharp rise which might continue in the next weeks. If we can break the 12$ resistance, the next targets would be aroung 25-28$. + +Using Elliot wave theory we are probably at the end of the correction wave 4 and now began with the bullish wave 5. + +Price targets: + +\#1 12$ + +\#2 25$ + +\#3 48$ + +The risk/reward is worth entering a trade here. I bought yesterday around 10$. My stop loss is below 8$. + +&#x200B; + +*This is no financial advice - I am just sharing my opinion. Please do your own due diligence!* + +https://preview.redd.it/0fjc5w98pt171.png?width=1518&format=png&auto=webp&s=cf262736c8f4fe448bc881acdd345a1c5747496f +**Annual Post #2 – Middle Class Path to FIRE** + +Hi all, This is part of my ongoing progress reports from our journey to FI. Last year’s post can be found [here](https://www.reddit.com/r/financialindependence/comments/7o3ddo/annual_post_1_middle_class_path_to_fire/). + +The tl;dr of last year’s post was that we had come back from working abroad for three years where we blitzed student loan debt and paid most of grad school in cash. Fast forwarding to our time in the States, wife is a teacher, I am a social services desk jockey. Neither of us earn over 50k. 27 and 26 years old. DINKY. + +&#x200B; + +**Last Year’s Goals** + +/////SUCCESS - We managed to pay all but $1000 of SO’s grad school expenses through churning (roughly $7500). + +/////SHORTCOMING – We did not max a Roth, 457, or 403b. While across all contributions we did contribute enough to max one of the larger buckets, we did not do multiple as we prioritized saving for the investment property. + +/////SHORTCOMING – NW at the end of the year was not 60k. This was a bit of a stretch goal. I recognize that NW goals get more and more out of our realm of control as our investments grow, but down markets push me to save more and meet goals. I’ll probably get out of this kind of goal setting when our investments get larger but for now I’m keeping it. + +&#x200B; + +**Professional Update** + +This year we experienced some positive changes. I’ll break them down by person. + +**Wife –** My wife decided to be a coach last Spring, giving her supplementary income of about 5%. She then completed her MA and was given a healthy pay bump of 11% to her base salary. She decided not to coach this year (more below), ultimately putting her at a $47,500 base salary. + +**Me –** Whereas before I was hourly, this year I was offered a promotion to a salaried, mid-level management position grossing $48500. This was a raise of over 20% from my previous position and puts me ahead of the curve for my age group in terms of position. In terms of work/life balance, my job has become less monotonous data entry and more problem solving. Overall this is a plus, but I do often find myself missing the mindless data entry. Grass is always greener… + +**Team –** After researching it for a year and a half, we finally took the jump into real estate investing. We purchased a single family home in our area with a conservative cap rate of 8.25%. We signed our first tenants on New Year’s Eve and they’ll be moving on February 1st. Managing it ourselves, cap rate becomes 10% and the property will cashflow over $2000/year net of expenses, roughly similar to the supplementary income coaches receive. Given this income, my wife decided not to take on the stress of coaching this year (FU money?). She’s happy, so I’m happy. She also now sees immediate value in our real estate investing and is willing to do more. So I'm doubly happy. + +&#x200B; + +**Personal Update** + +I picked up an expensive hobby that I’ve been out of for awhile. This has brought me a ton of joy on the weekends, but was definitely an expensive start up cost. Though it contributed to us not meeting our goals, it is worth it to have this hobby. Wife has decided to get a gym membership and go to classes. We’re at 8 weeks of her going to classes 4 days a week and it has really brought her a lot of joy. Win win for hobbies! Our family also grew by 1 this year, as we now have two doggos in the family. While they bring on their own stresses/costs, they are by far our best investment to date. Seriously, they’re sleeping behind me right now. Love these doggos. It seems like we’re at a pretty formative/critical part of our lives. Our education is now finished (minus PD credits), this is the stage of lives where careers will see the biggest raises/promotions, where our investments will have the largest amount of compounding, where lifestyles/habits will be set, etc. + +&#x200B; + +**Time for the numbers…** + +Total Networth - $55,032 + +|Type|Amount|Comment(s)| +|:-|:-|:-| +|Investments|$28905|| +|Personal Residence Equity|$8283|Purchase price minus loan amount| +|SO Pension|$3935|Unhealthy pension,required 6%, withdrawal at separation possible w/interest, essentially required 4% savings account.| +|Cash|$1935|| +|CC Balance|$664|Paid in full each paycheck| +|Real Estate Investing (REI) Cash|$638|| +|REI Debt|$0|| +|REI Equity|$12,000|Purchase price minus loan amount| +|Airline Miles|$7000|Not included in NW, valuation based on $1000 per 50k miles w/AA & BA| + +&#x200B; + +**Income going forward** + +|SO|$47,500|| +|:-|:-|:-| +|ME|$48,500|\+7.5% Company Contribution| +|REI|$10,080|Before expenses| + +&#x200B; + +**GOALS FOR 2019** + +|PERSONAL|BUSINESS| +|:-|:-| +|Invest $35,000|Fund Business Emergency Fund through Rental Income| +|Reach $100,000 Networth|Buy Property #2| + +&#x200B; + +**WITHDRAWAL STRATEGY** + +Available to us are: Two 403Bs (one megabackdoor), a 457 (public, low fee), Roth IRAs, and brokerage. + +Right now our thinking is that we would initiate a backdoor Roth conversion of our 403b assets, converting at tax neutral levels. During this 5 year timeframe we would live off, in this order, 1) Real Estate Income, 2) Dividends 3) Brokerage, and 4) 457 funds. + +After the 5 year backdoor period, we would essentially apply the same order, but put converted Roth funds first on the list. + +I'd really appreciate this subreddit's thoughts on this strategy. It feels like the most efficient, but I feel like we're losing a lot of the benefit of the 457. + +For context... Our FI number is $1,000,000, adjusted for inflation. We're aiming to fire before age 40 in 2032 at 4% withdrawal rate. We will likely continue to work in order to secure travel visas and have residual income through REI. +How much do you look for stocks that pay high dividends and how much of your portfolio should make up or have high dividend stocks? And if so what are so high dividend stocks that you guys/gals like? +Fed will start buying junk bonds at BB grade, while on 23rd of March it was BBB. + +Expect a massive stock market rally now, as we see the fed prop up the market even further. + +This will allow companies to rally like crazy. The big drop has been delayed I think till after the election with this move. + +We might test the lows again in the coming month but it won’t be a big crash. + +FED to the rescue + +https://www.cnn.com/2020/05/04/investing/fed-junk-bonds-etfs-debt/index.html +Okay.. I have to give some credit to myself for this post over a year ago, when i predicted he would come work for Gamestop, when noone knew about anything, even before the NFT marketplace was rumoured. [Matthew leaving Loopring](https://www.reddit.com/r/Superstonk/comments/p9z79l/did_matthew_really_leave_it_all_behind/?utm_source=share&utm_medium=web2x&context=3) + +That letter is worth a read, the respect Matthew has for Daniel Wang, his friend and mentor. + +I think yesterdays news about Matthew leaving Gamestop is incredible bullish, this could have been the plan all along, if we take a step back, and look at everything that has happened: + +1. Matthew leaving Loopring to become Head og Blockchain at gamestop +2. Daniel Wang to leave Loopring, which he founded himself +3. Steve Guo appointed CEO of Loopring (former CTO) +4. Danial Wang starting a new company Taiko, which is being build on Loopring, [This is Daniel Wang explaining what Loopring is](https://www.reddit.com/r/Superstonk/comments/sr7cvk/what_is_loopring_1_minute_explanation_by_founder/?utm_source=share&utm_medium=web2x&context=3) +5. all credit goes to u/Tosh_00 for this post,- [What is Taiko](https://www.reddit.com/r/Superstonk/comments/vf4o40/what_is_taiko_and_what_does_it_mean_for_the/?utm_source=share&utm_medium=web2x&context=3) +THIS is super interesting, how to get Dapps developed for level 1 working on level 2, - (This is mass adoption) + +When a company raises $1.7 billion they must have a plan for the years to come, as of right now it seems that we are close to the known endgoal, to create an NFT marketplace and a decentralized crypto wallet, and the first IOS app is coming soon. right.. + +All of this was a part of Gamestops plan even before they sold 5 million shares last year in June.. and they have to keep working on their strategies, every company have short term business strategies, and long term business strategies, and allthough we have made a lot of speculations about what to come next, after the marketplace/wallet/app, noone really knows. + +But i think we might just got a little sneak peak yesterday, and here is a snippet i cant get out of my head, its from Looprings [quarterly update from August:](https://loopring.substack.com/) + +\----------------- + +2. Taiko + zkEVM + +In [Q3/2021 we announced](https://medium.loopring.io/loopring-quarterly-update-2021-q3-bd083d94ca17) that we were contributing to a new zkEVM core design alongside the Ethereum Foundation, and much progress has been made. + +Since then, [Taiko](https://taiko.xyz/), a new team has formed to build and expand upon this zkEVM design. + +## Why the separate team + token? + +**There are two main reasons why this effort required the formation of a separate team and token:** + +* Neutrality + strategic focus — For this zkEVM to succeed it would need to be credibly neutral, censorship resistant, permissionless, and decentralized. Yet some of these principles came at odds with the realities of Loopring’s existing and established products. Specifically, deploying Loopring’s apps atop its zkEVM could conceivably conflict with the network’s neutrality. With these potential conflicts of interest, others would likely perceive Loopring to favor its own applications to theirs. This would deter communities and developers from deploying their applications onto Loopring’s general purpose chain, and pose a great risk to bootstrapping a thriving network. The new team allows for credible neutrality as well as the ability to strategically focus on new target markets (developer communities, as opposed to end-users) in order to properly compete with other general-purpose rollups. + +>*“\[…\]when building mechanisms that decide high-stakes outcomes, it’s very important for those mechanisms to be credibly neutral.” — Vitalik* + +* Max decentralization —in order to achieve strong decentralization at the onset and over time, a new (inflationary) token model would be needed. This new token and token model would allow for the network to properly incentivize a diverse and vast group of proposers and provers. Additionally, it would enable the project to be self-sustainable over time by keeping the DAO resources available to incentivize and attract builders, projects, and other contributors. + +While the efforts must be separate, we are happy to share that the Loopring community will be an important component in helping bootstrap the Taiko network and token distribution. Taiko is still in the early stages; the team is focused on building the layer 2 infrastructure and will share details as they get closer to a testnet launch. + +\--- + +Tl:DRS: +Now, from reading this, together with yesterdays news, its all so clear to me. From the very beginning everything was planned out, Matthew would leave Loopring to help Gamestop assemble their blockchain team and build. Steve would be appointed CEO of Loopring when Daniel left to start up Taiko, then when Gamestop Blockchain was all set, Matthew would return to his old friend and mentor, to help doing it all again, building Taiko, and the mass adoption to web3. + +This is just the beginning.. + +Edit: +All credit goes to: u/pissfestmcgee + +Take a look at this simulation, (Taiko) TYCO RC super rebound..! that’s how you spell RC.. https://youtu.be/jGZ6z4FamuA + +Crazy😂 +What’s up with that?! The more I learn about strategies, techniques and watch other traders, the worse my own trading gets! I was actually doing better when I didn’t know as much! Extremely demotivating :( +I am 33, male and FI. + +I am looking for somewhere to live permanently which is akin to living in an all inclusive hotel. + +In other words, somewhere when you own a unit in the complex and they have buffets for all meal times. Ideally there would also be sports facilities present as well such as tennis courts, swimming pool and gym, which you’d get free access to. + +I know this immediately sounds like living in some sort of retirement community but obviously that is not quite what I am after, given my age! + +I am both British and Canadian, if that makes any difference... + +Thanks! +Alright boys and girls we've made it to a pretty critical stage here. Tomorrow we face the possibility of a massive squeeze fueled by short coverage and the inevitable gamma squeeze that will come from thousands of call contracts being exercised. Some things to note - MMs buy 95% of the underlying shares represented by call contracts to hedge each time they're bought; as we've seen in the past few days, in this case MMs are almost the same 'group' as the shorts. This throws a wrench in things that I don't know how to interpret. Anyone? They worked together today to lock us out, tank the price, and make a 100 million dollar short sale while liquidating massive share quantities at a price so low it margin called anyone holding that many shares on margin in the first place. We can expect buy lockouts and other bullshit but the gamma squeeze remains **inevitable**. The gamma squeeze will not necessarily lead to or indicate the short squeeze happening, no one knows. It seems like the most important thing each investor has to prepare for on their own is an exit strategy for call contracts expiring tomorrow (regardless of squeeze height) and shares (in the case of the actual squeeze happening) if that investor wants to sell. + +As has been explained here a few times now, shorts need our shares - period. Tomorrow they will buy shares and they will buy contracts to convert into shares. They must meet the prices we set - again, period. Hypothetically, if every single person that is HOLDING shares set the sell limit to 10K (which RH now prevents as an 'aggressive' limit), then shorts would have no option but to pay that price if they want to cover OR - and this is important - they CAN WAIT FOR HOLDERS TO DEFECT AND SELL EARLY, UNDERCUTTING THE SELL WALL. The **prisoners' dilemma** describes the problem of achieving maximal collective outcomes in situations where individual self-interest comes into play. In the event of a squeeze, all holders will be faced with the question of when to sell. Even if a sell wall was established by 95% of holders at 1K, if 5% of holders create sell orders at 500, the shorts will purchase all of those, and then someone holding at 1K (in the original 95%) says 'fuck, I don't want to miss out' and lowers their price to 600. Let's say 5% of that group holding at 1K does that. Now 90% of the holders are still at 1K but 10% of all shares have now been sold at or below 600. This would cascade and bring the price down. + +We are NOT a hedge fund or a hive mind and there is no way to ensure we all sell at the same time and I am not telling anybody when to sell. This is all entirely hypothetical. I'm not encouraging a specific price point 🤷‍♂️ I'm merely describing a predicament we face - a market phenomenon, perhaps. Right now if you look at the GME order book, the sell 'wall' looks like a staircase, moving upwards at a pretty natural slope. That kind of sell wall will not produce the optimal collective outcome in terms of sale price in the case of a squeeze. In that scenario, the actual sale prices would likely never reach the top. What **would** produce the optimal group outcome is a true sell wall, where limit orders are **FLAT** until a **massive Kingdom of the Fucking North Wall** at a single price. Thoughts? I personally just love the fucking stock. Play with the bull you get the fucking horns. + +EDIT: [https://imgur.com/gallery/wLMohne](https://imgur.com/gallery/wLMohne) this is the current sell staircase versus a sell wall. NONE of this post is financial advice. I'm just a retard drawing in my notes app. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +PS: All $350 and up market buy autists (yes that includes you saints who smashed the ye button at 10am today and bought at $470) - we're coming for you. No man or woman left behind on this moon mission. 😈 + +TLDR; POWER TO THE PLAYERS 🕹 + +APES TOGETHER STRONG 🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 + +$342 AH as of now (7:07pm EST) I KNOW YOU LIKE THAT YOU DIRTY MOTHERFUCKERS CAUSE I KNOW I DO + +PS 2: Thanks for the awards 🥰 I just want us to all take maximum Ws +The more I think about this, it’s the only logical explanation excluding the all-present fuckery. + +Oh, it’s up 300,000%+ I’m retarded and I’m not changing the title, I belong in here. + +1. The price of a stock rises because somebody was willing to pay more than the current price + + +2. Price rose by a surprisingly big amount which means there was either big amount of shares purchased OR the shares were bought for much much higher prices than offered + + +3. Volume was measly 400, which rules out big amount of shares bought which in turn leaves the only possibility - the shares were bought at high prices + +4. The only reason barring insanity for buying in this way into a delisted stock is that you were forced to do so + +5. Ergo, somebody was forced to buy shares at high prices - and that only happens if those were your short positions + +6. All logic points to liquidation. I think somebody failed a margin call and had cellar boxing positions liquidated. + +AFAIK, delisted stocks can’t be used as a collateral, so I don’t see how pumping the price would help in that regard. + +It’s a small position, so probably no biggie, but who knows - maybe there’s a lot more of them we haven’t found yet. + +EDIT: Some people have noted there’s a history of this stock doing this. The question still remains though - why is it happening? What’s the mechanic behind it? Is it possible for someone like mayoboy to just buy 400 delisted shares for 120$ and inflate their positions during a margin call? +100% divs with the goal of reinvesting the divs (you did not need income) for a period of 10 years, how big could you grow the 300k? in 10 years, a non div portfolio might be worth more, but it would be generating nothing. or would you recommend mainly value/growth (yes some of those have divs) and switching to income divs at retirement? thanks. +I currently have 31 holdings. The majority is concentrated in Information Technology (19%), Industrials (19%), and Consumer Staples (16%). There are more companies I want to pick up but I don't want to over diversify myself. The companies are in Materials and Healthcare, my two smallest sectors. What would you recommend? + +Investopedia states that 20-30 stocks is the sweet spot for most investors. Later it says that since the introduction of $0 commission trades it's possible and economical to have a 50+ stock portfolio. Would this be too diversified? How can one tell when they are too diversified? + +Any advice is appreciated, and thank you to everyone! I apologize if this is a super noob question, I may just be over thinking it. + + :) +I jumped in with 244,000 at $72 a share and I've seen this thing go down to 50. I love the dividend and it has paid me $10,000 in 2 quarters but sometimes I feel this is a meme stock the way it goes up and down. Do you feel the $80 to $90 Target by year end? Any advice would be greatly appreciated Thank you +SO heres my backstory- im 13 years old i have a portfolio of roughly $800 with DRIP. I intend on investing christmas money and getting to hopefully 1000 invested by January. i own the following + +Coke $ko- 4 shares + +SCHD- 2 shares + +TFC- 2 shares + +PSEC- 5 shares + +KMB- 1 share + +and PLTR 4 shares (not a dividend play) + +I have been considering investing all money i get into VTI or an index fund of that nature. I have a lot of time to let my investments compound so i assume a plain fund like VTI will grow at a good pace. or instead of VTI is VT or SCHD better? Any help is helpful Thank you +I try to stay with dividend champions, with a yield >3%, low PE, Chowder >12, high credit rating, etc. Occasionally, I treat myself to something outside my criteria which often ends in failure. Sorry, just noticed my sheet did not pick up the second name ALIZY correctly. + +https://preview.redd.it/lgtnhchbi5e91.png?width=700&format=png&auto=webp&s=258249664ef99d3cdd3a273152f17cef1e03324c +Edit: I'm more concerned I'm "chasing yield" and picking a "Bad REIT"... but it just looks so great and I can't find any huge issues or red flags with it + +I've been eyeing some high yield dividend stocks that have growth year over year (finally starting to "step back" from income stocks a little). I was eyeing some good cheap REITs that have a decent track record and pay a good dividend... well I ran into MPW yesterday. + +I'm wondering what you all think of it? + +# Basic Info: + +* Ticker: MPW +* Yield: 5.52% (Beats the average of 3%) +* Properties: 431 facilities and roughly 43,000 licensed beds in nine countries +* Financials: + * Q3/20 - Rev: $335.35M Earnings: $131.11M + * Q4/20 - Rev: $338.96M Earnings: $109.88M + * Q1/21 - Rev: $369.87M Earnings: $163.78M + * Q2/21 - Rev: $389.13M Earnings: $114.56M +* Missed Q2/20 - Q4/20 Earnings, but BEAT Q1/21 by $0.02 +* REIT on track to generate $1.72 - $1.76 per share in normalized FFO this year +* **Since IPO it has generated 555% total return since 2005** (Well above the S&P's 387% return during the same timeframe) +* Grown asset base at 31% compound annual rate over the last 10 years +* Increases dividends on a yearly basis of around 5% compound annually +* Actively buys new properties / builds new hospitals to increase portfolio value + +Current News: + +[MPW 20.99 0.51 2.49% : Medical Properties Trust, Inc. - Yahoo Finance](https://ca.finance.yahoo.com/news/macquarie-buy-50-stake-medical-090000798.html) + +* Macquarie to buy 50% stake in Medical Properties Trust Portfolio! +* MPW and Macquarie enter partnership for 8 Massachusetts hospitals valued at $1.78B + +I'll likely buy some tomorrow but I'm wondering if I'm looking at this with "color coated glasses" or if it is as good as it seems +Hi guys . Discovered this sub after I bought a bunch of Schd and am pretty glad I did . Just had a random thought. What about a portfolio that’s say 50% schd and voo? Or 45 of each and 10% of a high conviction single stock? How would that perform over the long term ? +Hi all. I'm currently working as a software engineer in Sydney and have been with my current company for just over a year - currently on $73k after my first annual raise (started on $70k). Prior to this I had a couple of year's experience in software roles while studying. + +I was recently reached out to by a recruiter for a role that was advertised at $110 - $120k + a 5.5% annual bonus. I interviewed and have received an offer for $80k + 5.5% bonus (so around a 10% increase on current base pay). Feedback was that I have plenty of transferable skills for the role and would be a good team fit. + +While I was expecting to be offered less than the advertised salary, I wasn't expecting it to be 30% less than the lowest advertised rate. + +The advantages I see are: +- new role would not require night work that I occasionally do in current role (this is a big plus for me) +- commute on office days is shorter +- more potential for upward progression +- not a fan of one of the managers I work with (others are great) +- current employer is known not to give large pay increases + +Disadvantages: +- no seniority gain i.e. side stepping +- potentially less interesting work +- current company is pretty flexible with work hours, WFH, leave +- leaving a good team of co-workers +- leaving after only 1 year + +Given this, would it still be worth pursuing the new role? Would a counter offer be justified given the low-ball offer, and if so, what is a reasonable counter offer to make? +Selling a couch on facebook. Got a message from someone who could pick up now or tomorrow and would pay id to secure it. + +When I said cash only they responded they were out of town and there brother would be picking it up, its for him and he doesnt have a bank account yet. + +I just stopped responding, too many red flags. But just curious, I thought payid was supposed to be pretty fraud proof. Is that not the case? +There is lots of technology-related activity going on around us at the application layer for extremely low costs. For example, Reddit has thousands of users online at any given time exchanging ideas about science/technology/programming/energy, posting stupid cat pictures, and arguing whatever and the only way this is really accounted for in GDP is via Reddit's meager advertising revenue (and indirectly through increased demand for computer/networking hardware and electricity). Another great example is open source software. I'm a grad student in CS and have worked on many open source projects, but this is only indirectly counted in GDP (I get paid a stipend and people benefit from my contributions indirectly). + +Here are some more examples: Pretty much everyone has a free email account these days that is extremely valuable to them personally, but is only paid for with advertising revenue for Google or Yahoo. Additionally, such extremely low-cost services have replaced many traditional economic activities (e.g. snail mail, newspapers, etc.). Wikipedia and Dictionary.com are other examples: how many people actually buy Britannica, Websters, or Encarta these days? Yet another example is file sharing (legal or illegal). This has obviously reduced the GDP bottom line, but has overall caused an increase in activity. + +My point is that there is a lot of activity going on these days that is not counted in GDP but still improves the lives of people in the exact same way as goods and services that are counted in GDP. As time goes on, this "free" economy is continuing to get more and more important. My question is: what does /r/Economics think about this? Should we change the way we keep track of aggregate economic activity? Or should the low-cost/free technology services just continue to count for next to nothing in GDP? They obviously do have indirect benefits, but the direct benefits seem to be undercounted on the surface. Taking this further: do you think that economic growth is being undermeasured because of this? + +I want to hear everyone's opinion on the matter, but I'd especially love to hear some PhDs in economics discuss this and let us know what the latest research says on this matter. This post is obviously related to the [Solow computer paradox](http://en.wikipedia.org/wiki/Productivity_paradox), but I was wondering if there is more recent work on this issue (especially since one of the major reasons for the Solow paradox is claimed to be mismeasurement). This is also related to the old ideas about how unpaid domestic work by women is [not accounted for properly in GDP](http://en.wikipedia.org/wiki/Feminist_economics#Domestic_systems). + +Thanks. +Welcome to the open discussion thread. + +This thread is reserved for open discussion or questions on research and news on economics. + +Please discuss openly concerning research, news, theory, specific questions, et cetera. + +Enjoy! +Welcome to the open discussion thread. + +This thread is reserved for open discussion or questions on research and news on economics. + +Please discuss openly concerning research, news, theory, specific questions, et cetera. + +Enjoy! +[**Direct Link to Article**](http://www.econ.nyu.edu/user/frydmanr/Macroeconomic_Theory_for_a_World_of_Imperfect_Knowledge.pdf) + +This week's article was [nominated by /u/BinayakaSahu](http://www.reddit.com/r/Economics/comments/2ehxba/article_of_the_week_nominations_thread_for/cjzq0v9), who writes: + +> A very interesting logical takedown (or development) of the rational expectations-led view of the FIRE representative agent. + +**Abstract:** + +> We have recently proposed an alternative approach to economic analysis, which we call Imperfect Knowledge Economics (IKE). Although IKE builds on the methodology of contemporary macroeconomics by modeling aggregate outcomes on the basis of mathematical representations of individual decision making, it jettisons models that generate sharp predictions. In this paper, we elaborate on and extend the arguments that led us to propose IKE. We show analytically that in order to avoid the fundamental epistemological flaws inherent in extant models, economists must stop short of fully prespecifying change. We also show how acknowledging the limits of their knowledge may enable economists to shed new light on the basic features of observed time-series of market outcomes, such as fluctuations and risk in asset markets, which have confounded extant approaches for decades. + + +--- + +We hope you like this "article of the week" feature. If you have any suggestions to this or other subreddit features or policies, please [let us know](http://www.reddit.com/message/compose?to=%2Fr%2FEconomics)! [Last week's article](http://www.reddit.com/r/Economics/comments/2ehwyu/wynne_godley_2004_towards_a_reconstruction_of/) generated some pretty good comments. For a list of all previous articles of the week, [try here](http://www.reddit.com/r/Economics/search?q=article+of+the+week&restrict_sr=on&sort=new&t=all). + +If you'd like to nominate an article for AotW, please [post here](http://www.reddit.com/r/Economics/comments/2ehxba/article_of_the_week_nominations_thread_for/) for September - be sure to include a blurb on why the article is worth reading, and enough information that we can find an ungated link. + +--- + +## Tentative schedule for September: + +1st - [*Are The Long term Unemployed on the Margins of the Labor Market? Krueger, Cramer, and Cho* (2014)](http://www.reddit.com/r/Economics/comments/2f4pkx/are_the_long_term_unemployed_on_the_margins_of/). + +8th - [*Convergence in Macroeconomics.* Woodford (2009).](http://www.reddit.com/r/Economics/comments/2frqs8/convergence_in_macroeconomics_woodford_2009/) + +15th - *Macroeconomic Theory for a world of Imperfect Knowledge.* Frydman and Goldberg (2008). + +22nd - *New Immigrants' Location Choices: Magnets without Welfare.* Kaushal (2005). + +29th - *The Colonial Origins of Comparative Development: An Empirical Investigation.* Acemoglu, Johnson, and Robinson (2001). +Welcome to the open discussion thread. + +This thread is reserved for open discussion or questions on research and news on economics. + +Please discuss openly concerning research, news, theory, specific questions, et cetera. + +Enjoy! +So this morning we announced uber was sponsoring #BitcoinBeltway with free rides using promo code BITCOIN. + +Our UBER contact emailed shortly after that she was shocked at how many people were already using the code. I told her she has no idea how much bitcoiners love UBER. + +Think we could turn the heat up on that promo code? + +Uber.com/go/bitcoin +We are fighting for market transparency and the stock we like isn't giving us transparency. If you can't promote DRS, that's fine, we understand those rules. But why can we not have a real time view of the DRS numbers? + +Please allow ComputerShare to give us real-time numbers so we do not need to guess, use bots, or assume. No one, and I mean no one is upset at the 8.9m shares now in CS, 12 hours later. The overall sentiment seems to copium and pride. But unfortunately because we do not know the numbers and we take polls, guess, use bots, there tends to be initial negative reaction. Then we cope and make the best of it. But why? Allow us to see the DRS numbers so shareholders can keep track of this type of information accurately. Again, we are fighting for market transparency, and the stock we love and support, isn't even isn't giving us transparency. Retail is doing this on their own. Yea, we see you like to read **D**r. **R**uth **S**ex for dummies, but other than that, retail is on their own. + +&#x200B; + +For anyone on the GameStop team that browses this reddit regularly (they have the most loyal shareholders right here, trust me, they have a team that watches this reddit), please pass this message forward to the man, the chair. I think he will understand how important this transparency is for us. I don't want to assume or guess, I don't want to be hyped up, I don't want to be let down, I just want to have accurate real-time data on the DRS numbers. I do not understand why this information is only given to us once every 3 months, and 2 months behind. + +&#x200B; + +Insiders know, because the DTCC knows. The DTCC facilitate the transfer. So they can tell all their little pals. GameStop knows. But retail investors are clueless (like always). At least let us know why you have decided to keep this information private from retail, when all the insiders know. + +&#x200B; + +&#x200B; + +\*Edit: Since insiders know, the DTCC facilitates the transfer. Let's go over who is on the Board of Directors: + +&#x200B; + +>DAVID INGGS +> +>Global Head of Operations at **Citadel and Citadel Securities** + +&#x200B; + +>KIERAN HANRAHAN +> +>Managing Director, Corporate and Investment Bank, J.P. Morgan Chase + +&#x200B; + +&#x200B; + +>ROBERT L.D. COLBY +> +>Chief Legal Officer, Financial Industry Regulatory Authority (FINRA) + +&#x200B; + +&#x200B; + +>RAJ MAHAJAN +> +>Global Head, Systematic Client Franchise, Goldman Sachs + +&#x200B; + +>GRAEME MCEVOY +> +>Managing Director, Global Operations Division, Morgan Stanley + +&#x200B; + +&#x200B; + +>SUSAN YUNG +> +>Managing Director at Bank of America Merrill Lynch + +[https://www.dtcc.com/about/leadership/board](https://www.dtcc.com/about/leadership/board) + +&#x200B; + +You can see the full list there. They can literally watch our little polls and conversations, "How many shares do you think we have DRS" Check the sentiment, and know when the numbers drop on earnings, most people we're off on their guess. This is NOT okay. +Current volume is 1.7M. average is under 250k. That's 1.7M by 11:30 today... There's no DD, and no big press releases, but there weren't with kodk. In 1000 at 4.03. +I was soo certain that I was going to be a millionaire at the very least. I never had soo much money in my portfolio. I knew I would eventually write a post on reddit about my crypto journey into early retirement. But it seems as I am cursed. . . + +It all started in late 2017 for me. About November 2017 my friends were talking about Bitcoin and Ethereum. As anyone would be, I became curious. I recalled hearing about Bitcoin in 2011, I remember disregarding it, I was in my very early 20's at that time. Thought there was no need for that because I had a visa card, and I had no idea about investing or anything. I felt regret and fomo, and went all in with whatever I had left. In December that year I multiplied my money, as you can see on that charts everything went parabolic. I wasn't emotionally attached to anything, so selling for a quick 5x was easy. But as you can also see (you might want to write this down) when Bitcoin began entering the bear market in 2018 it took a long time for Bitcoin to find it's bottom (about a year). Everyone on social media and youtube was saying "buy the dip!" technically speaking that is true, I just had to wait 4 years. So I bought the dip of every dip, and 6 to 8 months out I felt foolish for not DCA a little more lightly, and being patient. See, patience plays both ways, to buy and hold, but also to hold USD and to wait for a good entry point. + +Three years have passed, I was investing a large sum of my paycheck into crypto. Living very frugal to invest probably about 80% of my paycheck on average into crypto. I was fairly diversified. Btc, Eth, even XRP and other various alts on beyond page 2 on CMC (I ended up selling these too early). Made many mistakes along the way. You hear the stories about how people got hacked, how they sent crypto to the wrong address, how they didn't sell and held all the way down etc. I heard it all, and I slowly throughout the years crossed each one of those off the list of mistakes I made. Been hacked, scammed, phished you name it. Earlier this year I made the biggest mistake I have ever made thus far, and it costed me 1 million dollars in gains. + +***"Bigger bags don't always mean the highest returns."*** + +My portfolio finally breached the 6 figure range, and quickly was in the multiples reaching more than halfway to a million. It got to my head. XRP wasn't really moving due to the SEC lawsuit. So I thought I should sell it and try to trade it into something else. By the end of that day, I lost a third of that position in USD value. I laughed it off because I had soo much more to spare. I said "I'm going to make this all back on one trade, watch." This went on a few times until I lost 2/3rds of my entire portfolio. I wasn't laughing anymore, and ***I realized I had become a gambler and not an investor.*** There was a series of moments where I would buy into something like Binance and XRP but I couldn't hold on for long, I couldn't stomached the stress, I couldn't sleep. So I couldn't hold on long. I realized my psychology changed. I lost the feeling of being safe. When you buy in soo low and hold you can hold through just about anything when you are up X amount. I lost that security when I sold and let the numbers get to my head. + +I took a step back, tried to find a real entry point to get back in at, but I had cold feet. This was around April, I felt like at any time the market could crash. I was still up in profits, so I decided to just wait everything out. 3 years of preparing for this run up and I ruined that opportunity of a lifetime. Will there ever be another opportunity like this again? I guess we will see in 3 years or so. + +I'm not the best writer, and I am skipping through some details but I don't want this post to be too long than it already is. This is one of the biggest and stupidest mistakes I have made in my entire life, but at least I am running away in the green, i guess. I hope some of you that are new here can learn from my mistakes. Just remember, don't let the numbers get to your head when you approach 1 million. Don't get over confident. I heard similar stories just like this where people trade their portfolios away. I remember hearing about it in early 2018. I got over confident, and disregarded the warning signs and stories I have read, people warning me what not to do. + +One last thing before I go back to work. "Bigger bags don't always mean the highest returns." The biggest lesson that learned here. Living soo frugal to pack the heaviest bags does not always mean you will come out on top. So live life and enjoy it. Be with your family. + +Sorry for the long read \*put on McDonalds cap\* + +&#x200B; + +EDIT: Forgot an important detail. I would of exceeded 1 million in profits had I not screwed around with my portfolio. +**Bitcoin is one of the most important inventions of the last 20 years**. Unless you are a computer scientist, you may not know that the concept of a decentralized network that could achieve consensus (agreement) without any central controlling authority was an unresolved problem in computer science called Byzantine Generals' Problem. Bitcoin solved this problem in 2008 ~~and that in itself is truly revolutionary~~. + +EDIT: it has been pointed out that in spite of what Andreas and [others](http://nonchalantrepreneur.com/post/70130104170/bitcoin-and-the-byzantine-generals-problem) stated Bitcoin was actually not the first but [one of many](http://en.wikipedia.org/wiki/Byzantine_fault_tolerance#Practical_Byzantine_fault_tolerance) solutions to this problem. + +Bitcoin developer Andreas Antonopoulos said "I discovered Bitcoin for the first time in 2011 and, since the Internet, I have not felt this feeling of being completely overwhelmed by the possibilities that I saw. I was there at the dawn of the Internet in 1991 when it was pre-commercial. And I could see that this was going to change the world but couldn't tell everyone around me because no one believed me. And I have that exact same feeling about Bitcoin." + +**Ignore the price**. Ignore Bitcoin the money and understand Bitcoin the technology, the invention, and the network it creates. Because if we mess up the money we'll just reboot another currency. The invention of Bitcoin, the technology that makes it possible, cannot be un-invented. And it creates the possibility for decentralized organization on a scale never before seen on this planet. + +Today in the world approximately 1 billion people have access to banking, credit and international finance capabilities. Primarily the upper classes and the western nations. **6 and a half billion people on this planet have no connection to the world of money**. They operate in cash based societies with very little access to any international resources. They don't use banks. 2 billion of these people are already on the Internet. And with a simple application download, they can immediately become participants in an international economy using an international currency that can be transmitted anywhere with no fees and no government controls. And they can connect to a world of international finance that is completely peer to peer. So **Bitcoin is the money of the people**. At its core Bitcoin is simple mathematical rules that everyone agrees on with no controls. The possibility of bringing 6.5 billion into productive society by connecting them to the rest of the world is truly revolutionary. + +First we're going to start affecting the payment processors; these enormous companies that make it more expensive to send money the poorer the destination country is. A situation that is exploitative and corrupt. And these organizations make enormous amounts of profit for a function that can be done in Bitcoin for free! So, as the adage of the Internet once went, "I just replaced your entire industry with 100 lines of Python code." And that is the case with Bitcoin. + +One of the most important principles of the Internet is neutrality. The Internet doesn't know the difference between CNN and an Egyptian blogger. Likewise Bitcoin is neutral to sender and recipient and also to the value of the transaction. And it also gives every citizen and user of Bitcoin the same ability to innovate in terms of financial innovation, in terms of payment systems and use the currency with exactly the same facility that a bank has. YOU can become and operate on the same level as Citibank. + +It takes a hierarchical system of international finance that up to now has achieved security by limiting access (since that is the main system of trust on our payment systems; you can't get in unless you're vetted) and it turns that on its head and creates a completely flat and decentralized network where every node is equal and the protocol is neutral to any and all transactions. And pushes innovation to the edge of the network. This allows the same phenomenon we saw on the Internet: **Innovation without permission**. You don't need to ask anyone if your application can be published on the Internet. You don't need to ask anyone to completely subvert a new industry with your information technology. With Bitcoin you don't need to ask anyone to invent a new financial instrument, a new payment system or a new service. You can just do it. You can write the code and you are now part of an international financial network that can run that code and put you in contact with millions of consumers. + +It's still early days. We do not yet have the polished interfaces. It's difficult to use. It's used by criminals. It's not exactly easy to see who is using Bitcoin. We've heard all of that before. The Internet circa 1991 was a den of thieves, pirates, pornographers and criminals. Right? But it didn't matter. And it doesn't matter now. And the reason it doesn't matter is because **the same power of the technology that can be used by a criminal to promote their criminal activities can be used by all of the rest of us to do good; to do incredible things all across the world**. And there is more of us than them. + +Bitcoin creates this environment that is ripe for innovation. Because its not just a currency. It's a technology, a network, and a currency. Yes the value has substantially increased over time but we shouldn't focus on the price. If Bitcoin crashed tomorrow morning the technology is still revolutionary. Just like if a website fails on the Internet or an application fails on the Internet, the Internet doesn't go away. So if you understand that Bitcoin is a technology and not a currency you can grasp the importance it has. Yet it should not be about us. It is about the other 6.5 billion people on this planet. It is about the ability to bring to the world a level of financial innovation it has never seen before. It's bigger than a price. Bitcoin can and will change lives. + +It's not going to be easy. When you throw a disruptive technology into the middle of the most powerful institutions on the planet - they don't like it. And right now we're still in the early stages. To use the trite expression "first they ignore you, then they laugh at you, then they fight you, then you win". We're still at the laughing at us stage. And that's quite alright :) Because by the time they get to fighting us they've already lost. Because this technology just went global. There are 193 currencies in the world yet there is now a new international currency; a mathematical decentralized cryptocurrency called Bitcoin. And we're going to build more. Cryptocurrencies are going to be a mainstay of our financial future. They are going to be part of the future of this planet because they have been invented and it's as simple as that. You cannot un-invent it just as you cannot turn an omelette back into eggs. There are many other alt coins out there that use the same basic technology. Bitcoin is the Internet of money and currency is only the first application. At its core **Bitcoin is a revolutionary technology that will change the world forever**. + +A special thanks to [Andreas Antonopoulos](http://www.youtube.com/watch?feature=player_embedded&v=c2CsJ2HMA2I). + +EDIT: Added link to video discussion that was transcribed (but not exact) which also covers other topics such as micropayments. You can also learn all about the protocol [here](https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it) at Khan Academy. More in-depth discussion with Andreas can be viewed [here](http://www.youtube.com/watch?v=JP9-lAYngi4) (beware of the background noise as it was recorded in a restaurant over a meal) and I also recommend [this](http://www.youtube.com/watch?v=DPiFMuPh1uA) recent interview with TastyTrade covering more financial topics that also refers to the previous video ;) +I earn minimum wage in retail sales. I am 23 with a wasted degree. I find my self perception is strongly linked to my job and income. When i was unemployed for a while, i was in crisis for feeling so useless and worthless. I feel since i earn the minimum, i myself and worth the minimum. Only I can be blamed for this. Other people make like 80k a year at my age and have tens of thousands saved. How am i so unintelligent and useless? It stresses me out and makes me feel bad. I just dont even see how i can achieve what my peers have. I work so hard to afford some things thatd be peanuts for some others my age, so how can i even be proud of some things if others coukd obtain it like nothing. + +Any advice? Thanks +I wish we could all start rejecting posts about cults of personality and simpleton drama. United we stand, divided we fall (or slow down). +The more we focus on useless drama the more we divide. Sure it's a human trait and can be funny to gossip and shoot personalities down or lift them up but let's cherish the culture of science not the culture of TMZ here in bitcoin land +There has been much discussion, lately, regarding the situation that many apes of all natures are in with eToro. As a broker it does not currently allow directly registering shares to CS, or allowing transfers to a broker that allows DRS. It has also been somewhat dodgy in relation to proving that its investors actually own the underlying asset. + +A lot of the discussion centers around whether or not it is better to sell your eToro MOASS tickets and re-purchase them on another broker, such as IBKR or Fidelity. The purpose of this post isn't to break down the arguments on their validity. Rather, it is here to inspire a fresh line of thinking, although the subject matter of DRS remains the same. + +As many eToro apes can recall, after consistently grabbing the attention of eToro they granted us the ability to vote at the AGM. What is to say that with the same pressure applied, we cannot get them to set up a manner through which to DRS our shares to Computershare? If this does not work, then a push towards transferring shares to another share ownership. And if *that* fails, then pushing for solid, definitive proof that the shares we hold are not CFDS, but real, tangible, diamonds-wrapped-in-gold GME shares? + +I think that it would be wiser to first apply public pressure on eToro - and other brokers that fall into the same category too! - than to immediately debate the validity of selling on one broker to re-buy on another. It is my personal view that it should be a last-ditch effort, not out first port to call. + +What do you guys think? + +\*Cross posting from DDintoGME for u/[StarscreamOnIrish/](https://www.reddit.com/user/StarscreamOnIrish/)\* +edit: + +**Adding from** [**lickybum**](https://www.reddit.com/user/lickybum) **" Etoro has changed their TOS so that they can close your positions in the event of excessive changes in price"** +Little story time: + +I discovered Bitcoin at its infancy, in 2009, via Slashdot. At the time, I saw it as a funny stupid think (magic Internet coins!) and downloaded the wallet and, being the nerd I am, mined some blocks on my puny 2011 CPU at my parents computer. I actually mined A LOT of blocks, since I forgot I had the miner running. At 50 BTC per block, we are speaking about hundreds of Bitcoins, with no pool involved! Then, another day, I saw another Bitcoin article on Slashdot and one of the comments said he would buy Bitcoins. At the time, I didn't really think Bitcoin was going to be anything more than a funny experiment so, via Paypal, I sold all my coins to this guy (who I thought at the time must be stupid). This allowed me to pay for some small holiday with my girlfriend. I also stopped mining. + +Had I kept 10% of my stack, I would be fucking rich today. + +Jump forward to 2013 and I read about Bitcoin crazy volatility. Well, I said, where there is volatility there can be profit, so I started trading Bitcoins and doing some nice gains. At some point I stopped trading in [bitcoin.de](https://bitcoin.de) and kept around 500 BTC (most of them earned trough trading, I bought maybe 100 at an average buy price of a whooping 9 euros) for some time, but when they reached above 30 euros about a year later, I decided to sell them to get a nice new car. + +Had I kept 10% of my stack, I would had a VERY comfortable financial independence today. + +I went back to Bitcoin in 2017 and have been DCA'ing since them (both in Bitcoin and other coins I really like technologically like Ethereum, Monero and Nano). I sold a little of my stack in this bull run mostly to cover my investment in my latest three years and have a little personal reward for painfully HODLing trough the ice age, but I still keep most of my stack. This time my moon is clear and ambitious: financial independence and not having to sell my work to others, which I estimate I can reach, before taxes, with about one million euros. I'm very, very far away from that target but I have high hopes for the next post-halvenings so I continue slowly buying. Anyway, I learned from my errors and even if I reach that target I'm NOT selling everything again. Will kept 10% of whatever amount I have at least until some huge necessity required me to sell it. + +**TL;DR never sell all your stack, no matter if you think you have reached your personal moon.** +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! +So I was sitting on the porcelain throne at work doing my business when I noticed someone's wallet sitting next to me. Good noodle me I decide to find the owner of it and return it. I managed to find him and I could clearly tell how grateful he was that I found it. Well fast forward 2 hours and he walks up to me and hands all the cash inside and I told him "not to worry about it."I initially refused but he insisted and continued to walk back to his area. I decided to take that money and bought $116 worth of bitcoin. That little bit helped me breach into the 1%er of a bitcoin. Thanks Ricky for helping me especially with this black Friday sale going on. +https://youtu.be/4muv-srvjRY + +So Biden is giving a address today I’m regards to his administrations action on controlling inflation and how important it is and that he’s taking it seriously. + +Given how CPI numbers come out tomorrow, does that suggest he’s trying to calm people down as it will be a bad inflation data for the month of April ? + +I personally saw a lot of increases of inflation last month. + +Thoughts ? +# I. Introduction + +Sorry for the wall of text - but if you are serious about trading **please read through this -** I think you all could really benefit from a bit of intermarket analysis - and I see way too many victims of ignorance here who could prevent their losses by understanding these relatively simply concepts. + +This sub is primarily focused on IWM names (Russell 2000/Small Caps). If you look at that stock - **it's been sideways for almost a year**. No secret you all have been losing tons of money as of late on your favorite names (Except MVST - nice one there). + +In my eyes - for the best probability of success - you always want to be playing the names that are within the strongest index at the time (or simply playing the strongest index itself). I determine which is the strongest via charting plus some simple intermarket relationships. + +Last year during the recovery we got a huge **everything rally** \- that is not usually the case. Money constantly rotates from sector to sector - this is how it usually is - and how it's been for most of 2021. For instance - notice today (8/102021) tech is dropping while financials, materials and other inflation camp names are pumping. This is one of many useful correlations. + +# II. The Indices + +The indices are large groups of stocks lumped in together that usually move in unison. Most of you probably already know this. I'm just going to list out what each index is and what it focuses on. + +**S&P 500 (SPY, SPX, ES)** + +*from Wikipedia* + +"The Standard and Poor's 500, or simply the S&P 500, is a stock market index that tracks 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices." + +Basically a compilation of most large caps in the United States. Great gage of overall market health - and sort of a cross between the other two large cap indexes (Nasdaq 100, Dow Jones). + +**Nasdaq 100 (QQQ, NDX, NQ)** + +*from Wikipedia* + +"The Nasdaq-100 is a stock market index made up of 102 equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock market. It is a modified capitalization-weighted index. " + +These are going to be mostly your large cap growth names (tech stocks) - but there are a few boomer names in there. Just more heavy on the growth side than the other indexes. + +**Dow Jones Industrial Average (DIA, DJIA, YM)** + +*from Wikipedia* + +"The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a price-weighted measurement stock market index of 30 prominent companies listed on stock exchanges in the United States." + +These are going to be your "boomer" names - I like to call it the boomer index. Value, materials, healthcare etc. Not really any growth names in there (except AAPL, CRM I guess). One thing I like to note is that **all the names in Dow Jones are present in the S&P 500 - the Dow is the most closely correlated index to the S&P** (about a 0.92 correlation iirc). + +**Russell 2000 Index (IWM, RUT, RTY)** + +*from Wikipedia* + +"The Russell 2000 Index is a small-cap stock market index of the smallest 2,000 stocks in the Russell 3000 Index. It was started by the Frank Russell Company in 1984. The index is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group." + +These are all your small cap names. There is also a Russell 1000 and Russell 3000. Notice how many more companies are in here than the other indexes. This one isn't going to be moved by one or two stocks. Small caps usually benefit from risk on environments (they are perceived to be riskier) - but note the more speculative growth ones will lag in those situations. + +These are also **meme stocks - pretty much every single one is in a Russell Index.** If you are someone who likes to play memes - you always want to watch IWM. When this one is popping off is when they will be making a run. + +# III. Risk On vs Risk Off (Inflation vs Deflation Camp) + +Moving onto more practical applications of this information. I could do a section on Forex, Bonds, etc. - but honestly you only need to know what they are to apply the analysis that I do. + +The primary narrative driving the market in recent times is whether we are getting inflation or deflation - and this has dictated the flow of money. + +**Risk On (Inflation Camp)** + +Risk-On is described as a rotation from save haven assets into riskier assets. If market participants believe in high inflationary pressures, they will want to invest their cash into **"risk" assets** including, stocks, real estate etc. to combat the residual effects of inflation on their money. Additionally, they believe we are now in a rising rate environment (rates already at zero, likely to increase in the future), which would help benefit **value stocks, financials/banks, energy, specific forex/currencies**, anything that benefits from low rates (currently). + +More specifically, **banks benefit from a gradual steady increase in interest rates.** Banks make an interest rate spread on deposits received versus money lent. In a rising rate environment, they are able to pay lower interest on their deposits and make a larger spread on their loans. + +Commodities, materials (energy), and consumer/defensive stocks **benefit from inflation** as they are able to pass on rising costs to consumers. Additionally, value/defensive stocks typically have a strong track-record of recurring dividends and share buybacks to provide yield to shareholders. Conversely, in later stages of rising rates, investors may divest from growth or tech stocks because rising rates have a direct effect on liquidity and cost of capital. **When rates are high, debt is heavier and money is more expensive.** + +AUD/JPY is an easy forex pair to watch for risk on movements based on the Australian economy in relation to Japan. A**UD is seen as a "risk" currency**, whereas **JPY is seen as a "safe haven"**. When AUDJPY is increasing, typically this is a sign of "risk-on". This is only one of many pairs to watch for in Forex Markets, considering Forex Markets are much larger than the stock market. + +Remember, in the early stages of inflation, small caps or tech stocks will perform well because the negative impact of inflation on sitting in cash; however, if the federal reserve is required to combat hyper/stagflation worries, they will raise rates and growth or tech stocks may perform poorly in that environment. Furthermore, **Dow Jones Industrial Average (boomer)** names will usually outperform, and investors today may be pricing-in this effect. + +Equities as a whole will generally do well in a risk-on environment. Stocks are considered a hedge for inflation, but watch-out for JPOW and his antics later on. + +**Risk Off (Deflation Camp)** + +This is the opposite of risk-on. Money rotates out of risk assets into safe havens. People in the deflation corner believe inflation is transitory, asset prices will decline, and virtually **assume the Federal Reserve won't have to raise rates**. In low inflation or deflationary environment, money flows **to safe haven assets out of risk assets**. Participants would hoard cash (increasing in value) and wait for asset prices to decline. They would invest in **bonds, safe haven currencies, speculate on an increase in volatility, and save cash to reinvest later.** + +In recent times - growth performs well here because when interest rates are low - money is cheaper to borrow. **Growth depends on debt to continue it's operations. Most of them also don't make money and so they have** **no yield.** An increase in interest rates will raise the cost of capital making it harder for companies to generate higher returns. With rising rates, a company has to pay a higher interest expense that lowers their overall profitability. Lower profits lead to lower cash flows, which lead to a higher required rate of return for investors, all of which lead to a lower valuation for the company's share price. Note this is primarily due to recent macroeconomic events - and in the past all equities have been considered risk on. + +Bonds outperform because investors believe rates to remain low or fall further. They'd be able to receive a **"higher" interest rate today versus in the future.** Bonds are typically safer than equity because they are first in-line in the event of a liquidation (bankruptcy) and earn a fixed rate of return. Additionally, the **USD, JPY, CHF** perform well because they are a 'safe-haven' currency. The US Dollar is still considered the world's reserve currency. (Trust in the US Economy/Risk Free) In addition, deflation has a natural increase in the dollar's value. + +The VIX performs well because it's **essentially a measure of how hedged SPX players are**. If you are expecting deflation in assets - you are expecting prices to drop for the most part - and so you want to be hedged on your long positions (or make straight bear bets). + +**In Summary** + +Today, the Federal Reserve has created a low interest rate environment to stimulate the economy; through allowing participants to borrow funds "cheaper" or lower rates. This stimulates demand, supply, borrowing, lending... overall growth. Asset prices are attempting to "price-in" the future state of the economy. + +If you believe that inflation is here to stay, then you'd want to shift into risk-assets. If you believe that inflation is 'transitory', then you'd want to move towards safe haven assets. Ultimately, you could assume that the Federal Reserve controls the narrative and that any major movements in the flow of money, cost of debt (change in rates), could have a positive or negative impact on asset prices. In either scenario (in the future), inflation can lead to higher interest rates causing a drop in asset prices or deflation worries can keep interest rates low and fuel the rally for longer than one would expect. I hope that makes sense. + +<Risk-On> + +* Financials +* Commodities +* Value +* Materials +* Real Estate +* **Basically Most Equities** +* AUD/JPY (AND OTHER RISK-ON CURRENCY PAIRS) + +<Risk-Off> + +* Bonds +* Dollar +* VIX +* Growth/Disruptor Equities (SOMETIMES - THIS IS A NEW CORRELATION STEMMING FROM COVID MAKING TECH NAMES SAFE HAVENS AMONG OTHER UNPRECEDENTED FACTORS)** + +# IV. Practical Applications + +First let me go over the tickers I watch for each rotation - + +<Risk On> + +* YM (DIA) +* RTY (IWM) +* CL (Crude Oil Futures) +* ZC (Corn Futures) +* AUD/JPY + +<Risk Off> + +* DXY (Dollar Index) +* ZB (30 Year Treasury Bonds) +* TNX (10 Year Treasury Index) +* VIX (The "Fear Index") +* NQ (QQQ) + +Glancing at a watchlist of these will give you a quick picture of where money is flowing at the moment - but in order to predict the odds of future movements (and more profitable ones) - I perform technical analysis on all of these names. + +Basically - I analyze all the indices and only play the one that is the strongest from a technical standpoint. I further filter these signals and determine position sizing by analyzing their correlated assets. + +For instance - if **DIA** is breaking out - and **ZB** is breaking down - this is confluence for a risk on rotation. The more confluence - the higher probability you have of success in any play. + +On the contrary, if **DIA** is breaking out - and **ZB** is rallying - this is a sign one of the moves is likely fake - and a signal I have lower odds of success. Subsequently, I want to size smaller. + +***Let's take a look at one example in which QQQ (Growth, Risk Off) caught the rotation this past May. This is a perfect example of Bonds and Growth moving in unison to provide a high probability long trade in QQQ and TLT. Note: I just use trendlines and volume for my technical analysis. No indicators.*** + +QQQ - https://ibb.co/wwhXm2k + +The red circle is Nasdaq on **5/13.** You can see that is the day it bottomed - and every day since then pretty much Nasdaq and Growth assets have been leading. Not only that - but on **6/22** it broke a huge technical setup (the big red line) - which triggered a ton more upside. + +TLT - https://ibb.co/kyzWcsP + +The red circle here is also **5/13.** You can see that is also the day that TLT (ZB or Bonds) bottomed - and every day since then except for the past three days - it's held the same uptrend. Not only that - but on **6/22** it also broke that big red line - which was a downtrend stemming from last year - triggering more upside here as well. We also broke out of that teal symmetrical triangle, which provided more confluence for the move. + +I try to assign a signal strength to each move in order to make it easier for my monkey brain to understand. + +* **Indexes:** 3 +* **Bonds:** 2 +* **Everything Else:** 1 + +You will see a lot of people say bonds are everything - and in my experience that is very true. Last year we had an extremely odd situation where risk parity was fucked - but in recent times it has come back. Correlations almost always revert to the mean at **some point**. Subsequently - you could watch just bonds and the indices and efficiently track the flow of money. + +# V. Divergences + +Correlations are not perfect. If they were - everyone would be a billionaire. There are times when we get divergences and things move opposite of the way they usually do. Like I said - they **almost** **always revert to the mean** at some point - but the catch is the divergence could blow your account before it reverts back. If you are good with technicals you can easily spot when a setup you are trying to play breaks down and stop loss accordingly - but the key point here is **always have a stop loss when playing correlations.** Lots of people think they can average down infinitely and eventually profit off the arbitrage that comes with assets reverting to the mean - but **the market can stay irrational longer than you can stay solvent.** + +# IV. TL;DR + +The main thing to takeaway here is the indices. If QQQ is weak - maybe you want to take a look at DIA. If IWM is sideways - maybe you want to take a look at QQQ. Keep your head on a swivel and don't be too biased towards one sector. **If you can effectively track the flow of money - you can theoretically catch every rotation.** + +Also - you don't have to apply the technicals I do to track it. That's just my method. Lot's of people use complex macroeconomic analysis to assess these sorts of things, among other methods. I'm just too smooth brained for that. + +I hope this helped you all - and if anyone has questions drop it in the comments. + +\--- + +Edit: One final note since I know the more advanced people will likely comment on this. I know QQQ/Growth has not always been risk off - this is a new thing. I was trying to explain things from the perspective of recent times as correlations shift with macroeconomic changes. + +We haven't had a true deflationary environment in over a decade - and subsequently the market rotations have been more about pricing in rate hikes/rate cuts than rotating in and out of equities as a whole. + +Last Edit: Added some clarification - fixed some formatting stuff. +[https://www.vanityfair.com/news/2018/08/has-bezos-become-more-powerful-in-dc-than-trump](https://www.vanityfair.com/news/2018/08/has-bezos-become-more-powerful-in-dc-than-trump) + +>Much of the language of JEDI, in fact, seems specifically tailored for Jeff Bezos. “Everybody immediately knew that it was for Amazon,” says a rival bidder who asked not to be named. To even make a bid, a provider must maintain a distance of at least 150 miles between its data centers, a prerequisite that only Amazon can currently meet. JEDI also asks for “32 GB of RAM”—the precise specification of Amazon’s services. (Microsoft, by contrast, offers only 28 GB, and Google provides 30 GB.) In places, JEDI echoes Amazon’s own language: It calls for a “ruggedized” storage system, the same word Amazon uses to tout its Snowball Edge product. + +That's a giant contract that would open more doors of opportunity for Amazon in the defense contracting world. +Last night I had a horrific panic attack after truly realising the reality we're living in. + +Been holding since January and researching GME / NYSE excessively. At this point, the bleak nature of our world is becoming clear and how the people in power have reckless disregard for human life. + +Everything is connected to money. When you look into Wall Street you begin noticing how it creeps into every aspect of life (eg. politics, healthcare, housing, employment, food, services, transportation and more). + +Of course, we've always known this on a deep subconscious level. But has anyone has that 'oh shit' moment where you feel almost scared of how much we've learned? + +When I try to talk to my family, their eyes glaze over me... and I sometimes envy the naivety and innocence of thinking our governments care about us. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Given the number of duplicate threads being submitted with various updates, we're consolidating threads into a single megathread which the moderation team will update over the coming weeks. + +# 1\. [The FTC site on the Equifax data breach settlement has been updated.](https://www.ftc.gov/enforcement/cases-proceedings/refunds/equifax-data-breach-settlement) + +> 5\. I thought I could choose $125 instead of free credit monitoring. What happened? + +> The public response to the settlement has been overwhelming. Millions of people have visited this site in just the first week. Because the total amount available for these alternative payments is $31 million, each person who takes the money option is going to get a very small amount. Nowhere near the $125 they could have gotten if there hadn’t been such an enormous number of claims filed. + +They go on to recommend signing up for the credit monitoring service. + +> 6\. I want to change my claim to get free credit monitoring instead of a cash payment. Can I do that? + +> Yes. The settlement administrator will be sending an email to people who already submitted a claim for the alternative cash payment. In that email, you will have the option to: + +> 1) provide additional information OR + +> 2) switch to free credit monitoring. + +More details are in the [FAQS partway down the page ono the FTC website](https://www.ftc.gov/enforcement/cases-proceedings/refunds/equifax-data-breach-settlement). + +# 2\. [The FTC is warning people about scammers using fake sites for the Equifax settlement.](https://www.reddit.com/r/CRedit/comments/ck89wk/ftc_warns_of_scammers_using_fake_sites_for/) + +The real site is https://www.equifaxbreachsettlement.com/ which you can also reach via https://equifax.com/. + +## P.S. Anyone remember [Charlie Brown, Lucy, and the Football](https://www.youtube.com/watch?v=gqzA1VOiC-M)? (Fair warning: Charlie is a little loud towards the end of the video.) +Hey there. I'm a 24 year old working in finance in the NYC area. For the past few years I have completely paid off my significant college debt (I had to pay for college myself and borrowed ~100k at ~6% average), maxed out my 401k contributions these past two years (which are roughly entirely matched), and amassed a rainy day fund of 50k that I store in my checking account. I've been fortunate with my job and this year am getting 450k in total compensation, and have clear visibility to continued (fairly steep) increases in pay. + +My dream goal is to FIRE by the time i'm 40, with an ideal nest egg of 10mm - I think this is sufficient to ensure a withdrawal of 275k a year (about 200k in today dollars) pretty much indefinitely unless yield curves go absolutely flat. While this definitely seems like a gargantuan task, I have two things going for me: + +1) I think I am reasonably favored to start making 7 figures by the time I'm about 28. +2) Starting next year, I will be able to reinvest into the company fund. While I'm fully cognizant that this introduces correlation risk to my income stream, the returns are better than the broad market and I think 10% is conservative. + +So with this in mind, where do I invest my money outside what I've put in my 401k? I haven't done the exact tax math but let's say I have around 125-150k to allocate. The way I see it, I have roughly 3 choices: + +1) I can stick it into broad market stocks (probably low expense etfs). Boring but easy. I'm not sure what the tax implications of this are in the long term. To optimize a bit, I suppose I can do a back door Roth, but does anyone have experience with whether this is really worth the hassle? +2) At this point I am an accredited investor, so I can purchase 100k lots of munis. Given that I live in New York City proper, I do like the tax implications of these. Purchasing a longer maturity muni also seems to protect me from future tax hikes which seems good. I've only done a quick glance but it seems like tax-backed bonds don't yield that much, and while I can get hefty returns from revenue bonds (4.5% yield translates to something north of 8 when you take the tax considerations into account), it seems that these are quite risky. Does anyone have experience with munis and any advice? +3) I could purchase rental property, on mortgage, as my credit score is good. Most of the risk seems to come from the appreciation/depreciation of the actual property. The city I went to college to actually has a great market in terms of Price/Rent and I feel like I could get a tenant stream from my existing connections in the university. I am a bit concerned that prices have recently risen due to gentrification/tech boom in the city, and very concerned that this will be a much more active form of investing that I wouldn't have the time for. + +Any other good places to park money that I'm missing? Any other advice you have for a young guy trying to figure this stuff out is appreciated! +What does the fatFIRE community think about the decision to go robo-advisor vs wealth advisor for investing? I’m in my early 40s, with $11mm NW, after a company sale, and I’m struggling with if I should keep managing my assets myself (I have a tech background, not finance), paying per-hour for tax optimization advice and investing using robo-advisor. Or if it’s worth paying 0.6% AUM for wealth management from one of the big boys (eg Morgan Stanley, Merrill Lynch). + +Am I being penny wise and pound-foolish? Or smart to automate and avoid those AUM fees? +I'm on a path to FatFire (not quite to the FIRE part yet) and am going to build a nice house that we will live in for a long time. (I hate the term forever home, but essentially that is what this will be) Due to that I'll likely be spending significant time at home during the RE portion so I want the home to be nice. I am speaking with a few custom house builders in the area who all have a good reputation in the area and will be building a house at around $400 per square foot, roughly 2M in a MCOL area. This is a very nice home in the area, but to some of you it may be fairly modest still. I will be walking through a few of each of their homes here soon in different stages (mainly frame up but being built still and then also almost done to get a feel for the builders) and realize I don't know shit about construction and what makes for a solid build on a home. + +&#x200B; + +So what should I be asking and looking at to insure that the house is built well when walking through the houses that are being built now? I do know the builders don't put out garbage (they have been around in the area for quite a while and all have a good reputation), but just like anything there is obviously some nuance to building. + +&#x200B; + +Some things that come to mind but may not actually be relevant when walking through the currently being build homes and to ask about: + +&#x200B; + +\-Solid framing? Floor joist spacing- 12v18 (not sure if even important)? + +\-Type of insulation they use? + +\-Anything in the construction process that helps dampen the sound? This is pretty important to me. I have been in houses that you can hear every movement people on other floors are doing, which is something I really want to avoid, but I don't know what can help mitigate that. + +\-Anything to ask about in regards to how they do the foundation? + +\-Etc + +&#x200B; + +&#x200B; + +Honestly, I'm so naive I don't even know what to be asking. Seeing the final product and liking it is one thing (I can tell that the Flooring appears nice, the trim is done esthetically well, or that the Wolf appliances they added seem nice) but the part behind what you can actually easily see is something that worries me in terms of builders and making sure the builder we choose not only has a nice looking final product, but also a solid build behind the visuals that won't cause issues in the future. + +&#x200B; + +&#x200B; + +I am trying to spot ways that a builder may cut a corner here and there that could potentially add up to an inferior product when comparing the builders. What else is important to be looking at and ask about when speaking to the builders and going through their current homes? +I’m 33 in a C-level role for a traditional company (non-tech). NW counting home equity w/o appreciation is $3 mil. With appreciation we are around $3.5 mil. Total comp is around $450k (bonus dependent and long term stock incentives + promotes could push it higher). Looking for advice on if I should be chubby given where I am in life and take time off then find work I’m more passionate about or stick it out for another 5-10 yrs to get fat. Any given month I’m motivated to stick it out 5-7 days and the rest wanting to get away from it. I have a 2 and 4 year old and feel this pull to go do 3-4 months in New Zealand and Spain/South of France/Italy with the family before school starts for my oldest in the fall of 2024. And to just spend time with them every day around the US. When the kids are in school, I sense that we will want consistency for them and the more traditional (me working) lifestyle. Therefore, I think I’d be willing to go back to work. I am worried I won’t land something this good again if I leave it. Also, time away with toddlers always sounds better than it actually is. Any wisdom for me? +Today Circle announce that will stop to sell bitcoins from their site and it seems that they choose to separate themselves from Blockchain technology and Bitcoin. Is good for them that they find that can work better like Paypal or Alibaba with a central controlled database server. +But the sad is that his CEO blame openly bitcoin developers to an WSJ article about this. +He say: + + +“The story is one of essentially gridlock amongst core developers, while mainstream companies are using this technology,We’ve been deeply frustrated with that lack of progress, and we want to move it forward. + +http://www.wsj.com/articles/bitcoin-powerhouse-will-pull-the-plug-on-bitcoin-1481104800 + +i like to ask if anyone involved in this company. How someone like Circle can blame bitcoin when they have not invest a single Bitcoin or single dollar to Bitcoin protocol? When they have not pay a single bitcoin dev? +As a reminder this guy and i mean CEO of Circle is very hostile to Bitcoin. In a recent tweet he says that in 5 years no one will remember Bitcoin. +I have my doubts if anyone will remember them.... +Biolase signed a deal with Dental Care Alliance to bring its dental lasers to its members.That will result in all of the organization’s affiliates adopting its dental lasers and starting hands-on training for them this year. Dental Care Alliance is one of the largest dental support organizations in the U.S. with 330 affiliated practices across 20 states. An agreement has been made just waiting on the contract. ( https://investorplace.com/2021/01/biol-stock-alert-14-things-for-potential-investors-to-know-about-biolase/ ) + +They have a partnership with BMW and are running a trial program training event this month. ( https://www.biospace.com/article/releases/biolase-announces-exclusive-collaboration-with-bmw-performance-center-west/ ) + +Biolase is a medical device company with a focus on dentistry and medicine.This has it handling the development, manufacturing, marketing, and sales of its products. + +Biolase laser products are proprietary and are protected by about 271 patents and 40 patent-pending technologies. + +The company has sold more than 41,200 of its laser systems in more than 80 countries. + +One downside is that they need to stay over $1 for 10 days or else they risk being delisted. + +I think this company has great potential it is just a matter of when more people get to know about it. +I was stuck in the cycle of taking a taxi every single day to stop my 4 year old off at school. I would also take the taxi back home + +Cost me $20 a DAY , money that I didnt even have to waste if I had been organized and productive with my time + +Now what I do is go to bed at a good time, wake up early enough and then well get ready to walk to the bus stop (10 minutes). Then we get on the bus to school (since I finally dont need a stroller) + +Hee enjoys it. Its become a wonderful morning routine lol holding my hand walking to the bus stop, enjoying the weather 😍 + +I also take the bus back home and then get off a few stops before so I can walk home and get some exercise + +Total cost for the day: $2.55 😍😍 + +It's been almost 2 weeks since I've been doing this and I'm proud. I broke the habit 🥂 +So many posts about complete newbs getting a whiff of the rally off the news and trying to buy. This is a noticeable rally, and there are various reasons for it, but it won't go on forever. Profit taking and a correction may be steep and fast or gradual and protracted but it's pretty much expected. + +Newbs will buy at this price, watch their brand new asset's value tumble and sell near the bottom locking in a sizable loss. The effects of that common scenario are very discouraging. Especially so for some of these buyers in risk-on mode going in debt to buy not having experienced months long troughs. They need to be cautioned in here, not egged on to buy buy buy. +Hi guys I'm (29M) looking to buy a PPOR with a 100k deposit in Northside Brisbane in the near future. + +I'm torn between a decent townhouse closer to work or an older actual house further out. I'm still just in the looking around phase. + +Honestly, I'm looking towards a townhouse as I'm single, no kids and don't really need the additional backyard space and extra maintenance that comes with it. Most people I talk to about buying lean towards still getting a house as the value is in the land, plus paying body corp etc + +Just looking to get some real world pros and cons of a townhouse vs a house from people who've bought either and have a bit of experience. Cheers +HI All. I am struggling to commit on accepting our current financial position to start favoring lifestyle over working the hours and chasing money. I work FIFO and although the money is great, we are expecting out first child in Feb, so next year will look quite different at some point once i return back home and find local work, this is going to result in a large pay cut which ill have to accept. + + I feel like I'm never going to be happy with what I've achieved though, does anyone else feel trapped and always wanting more? + +I'm 31 years of age, 750k ppor is now full offset, it has been a long time running goal to have our house fully offset by the time children came. I thought id be feeling over the moon once achieving that, but nope. I guess that's because it's only a house and doesn't actually pay us anything. + +We started a buying shares this year in the wife's name and predominately VDHG and have 30k worth, the aim is to continue to purchase 30-40k worth of shares each year. + + I have been adding extra to my super and we are currently saving for a new family car which ill purchase next year. We have no other debt and living expenses are currently 35k each year. + +Investment property purchase has been on the cards and the aim was to secure one before the wife started maternity leave, but i don't think that's going to happen now and have found it hard to find the right property. + +So for those that have made goals and achieved some of them, do you feel like its never enough and the goal posts keep pushing further and further out. At what point do you actually say OK i'm in a pretty good position to pull back now and start enjoy life, family and spare time for hobbies over working and constantly trying to get ahead more financially? +So I have just finished my bachelor's degree and am working in one of the big 4 banks as a customer specialist. Been thinking about going back to Uni to do my master's as it will help me get a better job but also because I enjoy learning about it. However I have heard a few people say that it isn't worth it and it won't necessarily help me get a better job. Wanted to know your thoughts on getting a master's degree. Also when I applied after uni I was struggling to get offers with just the bachelors +OK this is not meant to be a pump post, but rather a timeline of events and some speculation that there is a good chance GOEV's skateboard platform could actually end up being the base for the Apple car. I think Canoo is an awesome company in it's own right, but just presenting some potentially interesting info for folks here. + +**Timeline:** + +* **July 2019** –Hyundai is developing an electric vehicle platform called E-GMP ([https://www.electrive.com/2019/06/25/hyundai-is-developing-an-ev-platform/](https://www.electrive.com/2019/06/25/hyundai-is-developing-an-ev-platform/)) +* **Feb 2020** – Canoo and Hyundai co-developing skateboard for Hyundai's and Kia's future EVs / PBVs ([https://www.hyundainews.com/en-us/releases/2982](https://www.hyundainews.com/en-us/releases/2982)) +* **Aug 2020** \- Investor presentation restates Hyundai/Canoo partnership and also mentions a tech company using Canoo as base platform for it's smart car / AV (potentially Apple?) +* **Dec 2020** – Canoo executive chairman says Apple entering market is a “very good thing” ([https://finance.yahoo.com/news/why-apple-entering-the-ev-market-is-a-good-thing-113808559.html](https://finance.yahoo.com/news/why-apple-entering-the-ev-market-is-a-good-thing-113808559.html)) +* **Dec 2020** – Hyundai presents e-gmp at a digital event, which does not look like Canoo tech ([https://www.electrive.com/2020/12/02/hyundai-presents-e-gmp-electric-car-platform/](https://www.electrive.com/2020/12/02/hyundai-presents-e-gmp-electric-car-platform/)) +* **Jan 2021** – Hyundai and Apple confirmed to be working on Apple car; Kia to manufacture ([https://www.cnet.com/roadshow/news/apple-car-kia-hyundai-work/](https://www.cnet.com/roadshow/news/apple-car-kia-hyundai-work/)) +* **Jan 2021** – Several sources reveal Apple attempted to buy Canoo and was turned down; when asked to comment on it the exec chairman says “Canoo doesn’t openly comment on strategic discussions, relationships or partnerships unless deemed appropriate,” (potentially nothing but interesting choice of verbiage) ([https://www.theverge.com/2021/1/12/22225026/apple-canoo-acquisition-investment-electric-car-goev](https://www.theverge.com/2021/1/12/22225026/apple-canoo-acquisition-investment-electric-car-goev)) +* **Feb 2021** – Analyst says “initial” Apple car will be based on e-gmp platform; car won’t be released until 2024/2025 ([https://seekingalpha.com/news/3657363-apple-will-team-with-hyundai-for-first-apple-car-model-says-noted-analyst](https://seekingalpha.com/news/3657363-apple-will-team-with-hyundai-for-first-apple-car-model-says-noted-analyst)) +* **Feb 2021** – Apple to invest 3.6B in Kia for EV partnership (likely manufacturing capacity) and partnership confirmed through multiple sources ([https://www.bloomberg.com/news/articles/2021-02-03/apple-to-invest-3-6-billion-in-kia-to-make-evs-donga-says](https://www.bloomberg.com/news/articles/2021-02-03/apple-to-invest-3-6-billion-in-kia-to-make-evs-donga-says)) + +**My** **rationale:** + +Hyundai was already building the E-GMP platform in 2019 and was still actively seeking partners to develop future tech for skateboard and formed a partnership with Canoo to do exactly that. They indicated that this co-developed platform would be used in future vehicles. The E-GMP platform they eventually released seems way less advanced than Canoo's platform in the photos (e.g. it has struts vs Canoo's with leaf spring suspension), so the E-GMP platform could be the intermediate step until the co-developed platform is ready. + +Apple tried to buy Canoo for it’s skateboard platform in 2020 and was turned down by Canoo. This makes a lot of sense for Apple because Canoo platform is really advanced (steer-by-wire, leaf spring suspension, crash test incorporated into skateboard, batteries incorporated into structure, very modular and fast development times/costs) and lets Apple focus on what they excel at, which is tech and quick development cycles. + +Apple eventually forms a manufacturing partnership with Hyundai and it's rumored they're using Hyundai skateboard in the "initial" version, which is important because it signals they still want to use 3P skateboard. It seems that while they are likely using the E-GMP platform for the first iteration, the 2024 timeline easily puts them in line to use the new Canoo/Hyundai platform when it is done, which is consistent with the fact that Apple has already tried to purchase Canoo specifically for it's skateboard platform. + +**tl;dr -** seems very possible that the Apple car will use the Canoo skateboard as the foundation +So seems that their projected retirement puts me at 163k.... Which is only a one off payment of 40k plus 466 taxable salary or no payment and 620 salary + +Wtf.... In 30 years considering inflation this will be close to nothing? Am I being paranoid or am I destined to be broke +Hi all, + +I currently have a conundrum that my small brain is clearly struggling to understand. +I will try to explain this as best as I can: + +My parents have suggested an idea that will help my sibling and myself to get on the property ladder, they want to sell their house and buy a property 3 ways (myself, my sibling and them) they will pay for the deposit and and their 3rd outright. My sibling will struggle to get on the property ladder themselves so they will buy into the property in the form of a mortgage but not having to pay a lump deposit as my parents will pay it. +I want to be involved but I don't really want to live with all my family. So this basically means that my sibling will own half and my parents will own half. My parents have mentioned that they partly want to do this so that when the inevitable happens they can leave us with something. + +Based on this, my sibling will be left with 3/4 the property and myself will be left with 1/4. I just feel that although on face value this is equitable and fair. But I don't think that it necessarily is. As I see it my sibling will profit greatly from this as they will be in on a decent house that in 20+ years will be worth loads more than they put in. I'm not sure if I am making much sense, but I would like suggestions on how I could make it more equitable in the future. + +I have suggested that I perhaps get a mortgage too but not live there and treat it as an investment. But this might not be possible. + +Does anyone have any explanations or suggestions on how to work this out so that what is left in the end is fair. As I see my sibling owning 3/4 of the property will just mean that they will profit in a much greater way than me even though they will be paying for half the mortgage, this is because they would not have ownership in such a property in the first place if it wasn't for my parents forking out the deposit, and obviously the deposit when returned to myself and my sibling won't increase in 20 years but the value of the property will grow substantially. + +If anything doesn't make sense I will try to explain further, any informed suggestions and advice will be greatly appreciated! + +Thanks. + +Additional edit; + +It is quite convoluted and difficult to put down on paper but basically my parents are in their mid to late 50s they own their current property outright. They intend to sell their house for £140,000 and use this money to buy a house that they can convert into two or three flats depending if I want to live there or just my sibling. + +They will use their money to gift/loan us our deposit for the mortgage and buy a property for either 2-3x roughly £120k (after gifting us our deposit money). They will pay their part outright and not mortgage, and my sibling and myself will then get a mortgage each to live in this larger house. Trying to make 3 flats for like just over £300k seems outright impossible. As I have a good chunk of money from good investments (£40k) I would be the one to drop out and try to let my parents and sibling to buy a house and convert it into 2 flats for about £240k as this would be slightly more possible. This means that they would not gift/loan me anything for a deposit and my sibling will borrow this gift, get on the ladder and possibly profit from getting a property without having to fork out an initial deposit. + +Trust me, this is pie in the sky in the first place I know. But if they want to go through with it, do you think I should try to get involved or just steer clear? + +Perhaps asking for a gift/loan from my parents at the same amount that will be given to my sibling and I do my own thing? +So much for a buy and hold strategy I guess. + +https://www.bloomberg.com/news/articles/2018-02-12/record-23-billion-flees-world-s-largest-etf-as-panic-reigns + +"Investors actively abandoned the world’s biggest passive fund during the onset of market mayhem. + +The SPDR S&P 500 exchange-traded fund (ticker SPY) suffered a record $23.6 billion in outflows last week amid the worst momentum swing in history for the underlying U.S. equity benchmark. + + +Outflows amounted to 8 percent of the fund’s total assets at the start of the week, a rate of withdrawals not seen since August 2010. A blowup in volatility-linked products sent markets haywire, eliciting waves of risk aversion from jittery investors. + +Strategists at JPMorgan said the swiftness and severity of the positioning unwind is a sign that further selling from the likes of commodity trading advisors and risk parity funds “should be limited from here.” + +“The picture we are getting in the U.S. equity ETF space is one of advanced rather than early state de-risking,” they added. + +The five-session stampede for the exits erased the previous nine weeks of inflows into the fund, which is issued by State Street. The combination of price declines and withdrawals erased $38.6 billion in SPY’s assets. That’s nearly double the second-worst showing of $19.4 billion in asset shrinkage during the week ending Aug. 21, 2015, when China’s surprise devaluation of the yuan roiled markets. Prior to this recent market tumult, extreme enthusiasm for U.S. equities had propelled the fund’s total assets above $300 billion. + +Flows activity in similar S&P 500 exchange traded funds offered by BlackRock and Vanguard was much more muted last week. The iShares Core S&P 500 ETF (ticker IVV) actually took in $634.5 million, while the Vanguard S&P 500 ETF (ticker VOO) saw only a modest $209 million exit the fund." + + +[https://www.bbc.co.uk/news/business-50172337](https://www.bbc.co.uk/news/business-50172337) + +Seems a bit more reasonable this week. Follows someone in a bit more of an "average" situation than the others and is also an average week for them as opposed to the week their car insurance renewal is due or whatever. No tuna-related guilt either and the meals look decent! +In the Immutable X thread, Robbie said the following when asked about AAA games release using NFTs: + +&#x200B; + +&#x200B; + +[\\"Available to be traded on GME from day 1\\"](https://preview.redd.it/y5cs11bmci191.png?width=888&format=png&auto=webp&s=8d6294268387ea5f062e04cf04e8af6df0f5678d) + +&#x200B; + +This youtube link takes you to a video about the game Illuvium. When I did a a little digging into this game and went to their site ([https://www.illuvium.io/land](https://www.illuvium.io/land)) I see this: + +&#x200B; + +&#x200B; + +https://preview.redd.it/xes1f73wci191.png?width=2246&format=png&auto=webp&s=486a2d8326094fa74b18c4301d8d1984d9f2e12d + +&#x200B; + +[Hmm what else occurs June 2nd??](https://preview.redd.it/431dw2nxci191.png?width=806&format=png&auto=webp&s=f44c59ec686a21b31cf3549cf71e9f53e17c9421) + +IDK much about this game, but it looks like it isn't out yet and will be released soon. And Since Robbie said it was going live with GME marketplace day 1, and the Land Sale the site is hyping is on June 2nd, Does that mean that GME Marketplace will be ready for the June 2nd sale? +Hi all, + +First of all, thank you to everyone in this sub, it's really helped me get my shit together over the past 5 years or so. + +Long story short I just received 32k in inheritance from my Nan, I spent 7k of this on a single overpayment on my mortgage leaving me with 25k, my financial position is this: + +\- I'm 28 with 35K basic income, probably closer to 40k when overtime and bonuses are taken into account. There's decent room for salary growth in my industry. + +\- Currently receive £400 a month in rent from renting out a spare room in my house. + +\- Single with a mortgage, £105k left to pay with the property valued at roughly £220k. + +\- The only debt I have is a 0% interest loan for my phone and so I don't see the point in paying this off? + +\- I have £3k in an emergency fund which, at a pinch, could see me through 6 months of no income (assuming I still get my rental income which is fairly reliable as it's one of my best mates who doesn't plan on moving out). I could also arrange mortgage underpayments if I really needed as I've been making monthly overpayments + the single overpayment I just made. + +\- Don't really envision any major purchases in the next few years, few minor things I could do on the house costing maybe £1-£2k. Car is fairly new, I plan to run it into the ground which is a long way off hopefully. + +\- I pay into my pension using a salary sacrifice scheme, I pay 4% and my company pays 8%, I'm fairly confident this is enough, the company contribution caps at 8% and so I can't push it any further. + +My main aim is to not have to work full-time well into my 50's/60's and so I want to make this money (and any future money I earn) to work as hard for me as possible. I understand an S&S ISA or something similar is probably a good idea but I've also been looking into the possibility of getting a buy-to-let mortgage property and making income that way. The issue is I live in Kent and property prices are pretty high but going by Barclay's buy-to-let calculator I could probably afford £125k which could get me a decent flat which I could do work on, my Dad's a retired plumber as well and so he's very practical and said he would be willing to help. + +I know all this kind of stuff is subjective and £25k isn't a huge amount, I'm just wondering what people would do in a similar situation? + +Thanks +Please keep this daily discussion limited to discussion focused on $GME. A new daily discussion will be generated each day, and previous discussions can be viewed through the Collections sytem. + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +Remember that you can [**use the flair index to filter posts**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/). + +*Daily discussion threads are created at 4:00 a.m. EDT* +My agent from Country Financial is coming over tomorrow to help us plan a retirement account. My husband is going to be a traveling hospital worker and we now have to take care of our own retirement account. + +We know very little about this and I would like some advice about what we need to know before speaking to them or which questions we should ask. + +I appreciate any help. +Basically with my savings I could cut a check now and pay off all my student loans but I am hesitant to do that. Should I just pay the monthly bill and invest the other money? There’s been talks of cancelling student loan debt (on social media at least) but I don’t really see this ever happening but then again I’ll feel dumb writing a check for tens of thousands if the debt was going to be cancelled. + +What is my best course of action here? +Title says it all. Let's say you are potentially approaching end of life with very few assets and significant debt. How would you minimize headaches for family members who will have to settle your estate? What documents would come in handy for them to have available in advance? Thank you! +Hey all - we are currently a double-income household. + +My wife makes \~$85,000 a year, works remotely, while also juggling our 10-month-old. We have an in-home nanny roughly 3 days of the week from 12 pm-5 pm, but otherwise, my wife manages the baby and work. + +I recently (9-months ago) got a very nice promotion, followed by a subsequent raise 6-months in. Prior to my new role, I was making \~$100,000 and now make $180,000 base with potential for $20-45,000 in bonuses. The new job is very demanding and requires travel once a month for 3-days at a time. I'm also completing my master's online and have one more year to go. + +We recently bought a house with 18% down, and the mortgage is just south of 25% of MY net income. + +We have roughly $35,000 in emergency funds, $35,000 in brokerage, and \~$100,000 in retirement accounts. + +Other than our mortgage (298,000 remaining at 2.68%), we have no debt. We are both \~30 years old. + +We are very happy with our life right now, but we are finding ourselves tired and overwhelmed with work, school, and the baby. We are considering my wife leaving her job to focus full-time at home, give our child the attention they deserve, while also offering an opportunity for my wife to not be doing two jobs at one time. She's been offered part-time work at her current workplace in lieu of her leaving. She (and I) are torn between her options. I've shared I support her 100% in her choice, but we also feel like we have a really good jump-start on our financial lives and wonder if this emotional decision in a "busy season" will hurt us down the road. + +I welcome any feedback! +Hi, my name is Gale. I am 21 years old with only 3,300 dollars to my name. I don't have a lot of money as I spent most of it on games and things I don't need. (Regret that haunts me, as I have bad impulse control.) +I want to do well and be able to afford to go to school and figure out what I would like to do for a career, but at the same time, I'm worried I may just not have the money to really do it. I work at waffle-house as the kind of "jack of all trades" to try and save money through the summer for school, but doubt lingers that I may have ruined my future life. +Am I doomed, or is there still hope? +I recently moved to America and with all my property from my home country I managed to make this much money. I have 5 people in my family including me with 3 income sources which can average up to 150k annually. What do you think should be an investment option here? I live in NY and real estate has been in my mind. +Hey buddy, how are you? How’s everything? How’s the fam? Hope you’re doing well. Seems like you are cause SPY is closing green sunny boy. Where you planning on getting your tat with the SPY tendies? Ass cheek seems reasonable but tramp stamp will also do. + +Can’t wait to see it 😝 +Ok, so weird question. + +We're in the US, NJ if that makes a difference. + +I have a mortgage on a house currently valued at 1.1m, which I recently bought for ~900k. I put down 300k downpayment, and got a 600k mortgage at 2.875%. I have around 580k left on the loan. My family and I can afford the payments (~4500/mo), and I've made multiple contingency plans for loss of income so I'm not really worried about that aspect of it. + + +I've just been reading random articles saying that we're currently in a housing boom/possibly a bubble, etc. I want to get educated on what the long-term effects of such a situation is. What if the housing market crashes? What if the 'bubble bursts'? + + +Thanks! +If you are trading crypto with leverage on Bybit, Phemex, Bitmex, FTX, BINANCE futures or any other exchange that offers leverage, STOP right now, it is all RIGGED!!! + +The exchanges pay big fees to the (CME) Chicago Mercantile exchange Globex and other financial institutional firms to use "Hitmen" (high frequency trading bots) that are programmed to hunt your stop-loss' and liquidate your positions with-in certain percentages from your entry. In turn, the CME and institutional firms steal your crypto and the exchanges make further billions in fees. \*CME charts are also delayed by 10mins unless you pay an additional Tradingview fee to unlock the live version. + +There is also the exchange fine print which should be thoroughly studied before executing any margin trade, which most traders will never look into or find out about until it's too late. + +A couple of examples: (Bybit) + +1.) An order can be executed and closed by the exchange (LTP) "Last traded price", but can be liquidated by the "Mark price" (the price that reflects the real-time spot price, which is referenced from five other major exchanges: Coinbase, Binance, Gemini, Bittrex & Kraken), even if the current candle did not reach your liquidation price. Furthermore, to see the live Mark price, you must set up the .MBTC, BYBIT indicator to it's correct settings of... Inputs: Low or High (depending if you are Long or Short), and Style: Precision: 4 , Override Min Tick: 1/1000. Failing to set this up correctly can get you stopped out or prematurely liquidated (especially for scalpers). + +2.) You can get paid a maker rebate fee of -0.025% (of your trade value) by executing a limit trade, ticking the post only check box and closing that trade using the limit function. The catch is, when using the limit button to close a trade, you must priorly set a worse or better price depending if you are Long or Short. \*If you instantly close your trade using the limit button, the maker fee will be forfeited and you will be charged a market Taker fee of 0.075%. None of this is ever mentioned to retail traders in order to charge you the maximum in fees possible! + +Other major concerns that I have noticed are paid YouTuber partnerships pushing margin trading on new traders that have absolutely no experience for a $10 per customer commission fee. Yes, "The Moon, MMCrypto, Davincij15, Ivan, Bitboy" and more... are all getting hundreds of thousands of dollars paid to them in affiliate commissions from each exchange for trapping innocent people. Bybit has also been seen monitoring and defending comments on The Moon and MMCrypto twitter pages as of recent when they went down from a possible DNS attack. + +In summary: There is a reason that 98% of traders have lost more than they have made trading with Margin. The system is designed and stacked so far against the average retail trader, that you will end up losing everything you deposit. + +Goodluck to you all, I hope this saves some of you in the future. HODL and win! +Ever got a DM that invited you to a Pump and Dump group? + +It should be clear for most people that no one is giving out free money. But I was wondering how they try to take yours, so I joined. + +Long story short: + +They take your $ by setting up fake exchanges ([bit-tokens.com](https://bit-tokens.com) in this case, added for searchability). They give you the whole spiel about pump and dumps, link you to a Youtube video about how it supposedly works. The deposit you make to the "exchange" will go directly to the wallets of the scammers. +# Introduction + +Nearly everybody in this community has heard about Dollar Cost Averaging (DCA). I would say that it is without question the most popular investment strategy here. By dictating that you buy a fixed amount at predetermined intervals regardless of the state of the market, it **maximizes simplicity**, **minimizes timing-related risk**, and **eliminates emotional decision-making**. + +In this article I will try to convince you that there is an enhanced version of DCA that does not sacrifice any of these strengths of classic DCA, but outperforms it 96.8% of the time by an average of 35.3% greater returns when applied to historical BTC price data. I call this strategy Rainbow-Weighted Averaging (RWA). This is a very simple strategy that I have come up with and then rigorously back-tested against over 9 years of Bitcoin history, across 91 different timeframes. + +I believe I can show that this strategy is virtually as simple as classical DCA, equally eliminates emotional decision-making, and only marginally increases timing-related risk while significantly increasing reward over DCA. + +The strategy itself is quite simple (I'm sure many people already use very similar strategies to this). Using it will probably add no more than 20 or 30 seconds of time investment each week or month or however often you make your DCA purchases (you will need to look up 1 piece of data and do 1 multiplication every DCA day). + +# The Strategy + +This strategy uses the (in)famous Bitcoin Rainbow Chart. This might evoke some eye-rolling from people who have been here for a while and have seen this chart thrown around a lot, but bear with me. By using this tool, I am not implying that I think it accurately calls cycle tops; in fact, [here](https://www.reddit.com/r/CryptoCurrency/comments/qg6ksa/the_commonly_cited_bitcoin_rainbow_chart_is/) is a post I made about how *inaccurate* it is at calling tops. Nevertheless, this chart is an excellent heuristic for getting a general sense of where we are in the Bitcoin cycle, and how over or under-heated we are at any point in time. It is perfect for our needs here. + +Here is an image of the chart: + +&#x200B; + +[https://preview.redd.it/wwpnshpe1tv71.png?width=2023&format=png&auto=webp&s=ff485d22fb360b6293e19e966f4a3c3ec06ede76](https://preview.redd.it/wwpnshpe1tv71.png?width=2023&format=png&auto=webp&s=ff485d22fb360b6293e19e966f4a3c3ec06ede76) + +And [here](https://www.blockchaincenter.net/bitcoin-rainbow-chart/) is a link to the chart, which updates each day. If you aren't familiar with this chart, it is simply the history of BTC prices in logarithmic space, which allows us to easily see the cyclic bull and bear markets, as well as the fact of diminishing returns (convex nature of the curve). The rainbow itself is just a bunch of logarithmic regression bands (if that means nothing to you, don't worry, it doesn't matter here) that attempt to capture the cycle highs and lows, and give a general idea of how overheated or underheated we are with a color scale. + +To use the strategy, you must first choose values for the following parameters: + +&#x200B; + +[https://preview.redd.it/q5vdo4v62tv71.png?width=235&format=png&auto=webp&s=daf4991a821bf797c0594a57d5803643ecfcdff1](https://preview.redd.it/q5vdo4v62tv71.png?width=235&format=png&auto=webp&s=daf4991a821bf797c0594a57d5803643ecfcdff1) + +Then, whenever it is time to do your usual DCA, instead of just buying your base amount, you look up which color band we are currently in in the rainbow chart (bookmark the link I provided above), and then you multiply the *Base Purchase Amount* by the corresponding modifier. For example, using the parameters above, if we were currently in the orange(4) band when it is time to buy, you would buy $100 \* 0.20 = $20. If, on the other hand, we were currently in the blue(10) band, you would buy $100 \* 2.50 = $250. + +The underlying principle is just common sense: if you buy more when an asset is underheated, and less when it is overheated, you will do better. + +# "Wait. Aren't you timing the market?" + +Of course, I can hear the outcry here: "The whole point of DCA is to not time the market; if you're timing the market at all it undermines the point of DCA". + +I hear this point. The more you try to time the market, the greater your timing-related risk, and one of the most important aspects of DCA is that it minimizes time-related risk by maximizing diversification on the time axis. I will try to make a short counterpoint in the paragraph below, and then I will go into the data that shows that the increase in risk of RWA over DCA is actually extremely marginal (while the increase in reward is very significant). + +In general, I agree with the notion that trying to time tops and bottoms in crypto is nearly futile, and trying to predict short to mid-term price movements is so difficult that it might as well be impossible. These facts are what makes DCA so popular. However, there is one context in which market timing causes virtually no increased risk: **On the largest timescale, crypto works in a highly rhythmic wave pattern with about a 4-year wavelength**. This fact is an absolute gift (and it won't always be true), and leveraging this knowledge of crypto cycles is the most efficient strategy to capitalize on the crypto market (you may have heard the idiom "bull markets make you money, but bear markets make you rich"). Ignoring this robust macroscopic pattern (as vanilla DCA does) seems almost criminal. Keep in mind that we still aren't trying to call tops or bottoms or make specific predictions; **the only assumption we are making comes from the observation that, historically, it has always been better to buy during "cooler" color bands than during "warmer" color bands**. + +But don't take my word for it that adding in a little timing bias from this macroscopic scale barely increases risk while significantly increasing reward over DCA. The following data should speak for itself. + +# The Data + +In order to test my strategy, I imported monthly Bitcoin price data from the last 9 years (since the first halving) into a spreadsheet and then set things up to back-test my strategy against that data, while also back-testing vanilla DCA against the same dataset, and then comparing the two. I used a purchase frequency of one month, but the results should be valid for other purchase frequencies like weekly or biweekly. My spreadsheet allows me to choose whatever values I want for the rainbow modifiers and the base purchase amount, and then to see how RWA performs relative to DCA for those parameters. + +The first thing I noticed when I tried to analyze the data this way is that the results are highly sensitive to when the strategy simulation begins. This is because buying more heavily more early on is the actual most significant factor in crypto gains, and this factor is more extreme if your simulation happens to start right before a parabolic rise. This created a lot of noise in my results. + +So, I took it one step further. I made it so that my spreadsheet actually runs the simulation **91 times** for the chosen parameters, where each iteration assumes the investing began 1 month later than the previous iteration. In other words, my spreadsheet captures what results you would get from starting this strategy on the 1st of any month from December 2012 to July 2020, which thoroughly captures two entire cycles. Then it averages all 91 trials, and also captures stats like what % of the time RWA beats DCA, the average amount by which RWA beats DCA, the maximum amount RWA beats DCA by, and the minimum amount RWA beats DCA by. + +For the parameters in the image from earlier in the post, the results are the following: + +**RWA beats DCA 96.7% of the time.** + +**RWA beats DCA by an average of 35.3%.** + +**The most RWA outperforms DCA by is 70.4%.** + +**The most RWA underperforms DCA is -5.1%.** + +This means that, if you choose a random date for the starting point of these strategies, there is a 96.7% chance that RWA beats DCA for the starting date chosen, and on average RWA will be 35.3% more prosperous than DCA. If you were very lucky in choosing your start date, RWA can outperform DCA by up to 70.4%. However, for the 3.3% of the time that RWA underperforms DCA, the worst it gets is only 5.1% below DCA. + +Hopefully, this illustrates that RWA only marginally increases risk while drastically increasing reward over DCA. It only underperforms DCA 3.3% of the time by a maximum of 5.1%, but it outperforms DCA 96.7% of the time by a maximum of 70.4% and an average of 35.3%. + +Now, the above results are only for the example parameters in the image I included above. If you weight the lower part of the rainbow more heavily, you will see that RWA outperforms DCA more strongly, but the risk also increases. + +If you weight the bottom part of the rainbow less aggressively, then the amount RWA outperforms DCA by decreases, but so does your risk. Classical DCA would be equivalent to each rainbow modifier being 1, so the more your modifier spread approaches everything being 1, the more similar your results will be to classical DCA, and the less risk and reward you will have relative to DCA. + +# Conclusion + +I hope I have convinced you that if you are already using DCA for your long-term strategy, changing to RWA takes very little extra work. The overhead is reading this article, bookmarking the rainbow chart, and choosing your parameters. The recurring cost is doing 1 multiplication each time you buy. + +I hope I have also convinced you that this strategy yields a significant increase in performance over classical DCA, while only very marginally increasing risk, while also keeping emotional decision-making out of the picture. + +I know 35% increase in profits might seem small in the crazy and volatile world of crypto, but think of it this way. DCA is already a long-term strategy. If you plan to only sell once you have reached some kind of threshold like "life-changing" money, imagine how significant it will be to have an extra 35% on top of your life-changing money when you finally cash out. All for the added time investment of doing 1 multiplication each purchase day. + +I hope this helps make at least one person 35% greater gains! + +**Edit:** This strategy is only meant as a long-term strategy! If you test this for just a month or two against regular DCA towards the end of a bull run like we are now, your results will be all over the place! The statistical advantage of RWA against DCA will only play out consistently on longer timeframes. On shorter timeframes, you will get far more volatile and noisy results. It will still beat DCA the majority of the time on shorter timeframes, but it will be much more of a dice roll. I wouldn't recommend this system if your time horizon is less than 2 years. Ideally, your time horizon would be at least one full cycle. + +**Edit 2:** A lot of people seem to be asking about how to use this strategy for coins besides Bitcoin. + +It would be possible to make such charts for other coins with some work and some knowledge of programming indicators in TradingView. However, I don't think this is super necessary, since BTC largely behaves as an index for the entire crypto market. With this strategy, I think of BTC as the beacon that determines how much to buy of whatever coins I am investing in. + +**Edit 3:** I linked the rainbow chart in the post, but a lot of people are asking for a link in the comments, so here it is again, with a bonus link for an Ethereum rainbow chart: + +[Bitcoin Rainbow Logarithmic Regression Chart](https://www.blockchaincenter.net/bitcoin-rainbow-chart/) + +[Ethereum Rainbow Logarithmic Regression Chart](https://www.blockchaincenter.net/ethereum-rainbow-chart/) +I’m a little nervous about it doing it with little shares. I suppose it’s irrational, but I’m more concerned that selling the stock will take mucho time once the MOASS happens and I won’t get my tendies :( + +Wrinkle brains: please explain so I can be comfortable with it. Thank you. + +Signed: January X 🦍 +Hi, + +I've seen some posts here talking about InteractiveBrokers API and how to use it. I decided to upload an automated trader that I created and used a while ago. It's pretty complex and does a lot of things, but maybe someone can pull something they need out of it. It's written in Groovy (similar to Java, but with some nice extras) and integrates with InteractiveBrokers, MB Trading, ActiveTick, Yahoo quotes. + +[https://github.com/esvirsky](https://github.com/cryo8822/trader)[/trader](https://github.com/cryo8822/trader) +I have built my own event driven backtest engine and it took 4 hours to backrest 20 years of 1min data + +It's easy on memory since it fectches only n rows (10000) at a time from the database and process them before fetching next block. + +Ofcourse it is saving the trade logs to the database after every 1000 trades. + +How long, in your experience does it takes to backtest 20 years of 1min data (using your custom backtest engine or any other platfom)? + +I just need a ballpark figure. + +Thanks + +EDIT : + +Please let me know the system you run your test ( in case of custom backtest engine) + +My system : + +i5 processor +8GB RAM +Ubuntu 16.04 +Hi Everyone. Some days ago, I was looking for a python function that generates "Lows and Highs" on the price chart. I came across this useful blog about detection of peaks by a simple function: + + +[https://blog.ytotech.com/2015/11/01/findpeaks-in-python/](https://blog.ytotech.com/2015/11/01/findpeaks-in-python/) + + +I want to use this information to create an algorithm that can detect trendlines and hopefully pick the most "reasonable" trendline to use for trading and act on price movements. Picking the reasonable trendline is probably going to be pretty challenging and thus I would like to ask whether people have experience with this or know whether there are articles that could help me out? + + +Furthermore, I also was thinking that once you can detect trendlines, you should also be able to detect, triangles, wedges, and trading channels. Anyone having experience with automating this? + + +Any reaction is welcome! +The farthest I have gone financially is to get myself a student debt and to open a savings account alongside my ‘regular’? Account... + +I know this is VERY BROAD a question but what are some very basic fundamental things someone should learn about finance? + +I ask this because I don’t really like how I’m ‘ignoring’ my student debt(minimum wage part time worker) and I haven’t got the slightest idea how anything works such as a mortgage or credit card/score + +Those are some quick examples off the top of my head, I know i am missing so much and now that I’m getting older I feel I should really step up my understanding. +I used Fintel to gauge the short interest of any given stock because I thought they were reliable. However, with the latest round of orchestrated "flash crashes" being done on meme stocks, and Fintel actually reporting lower "Short Volume Ratio" afterwards, I set out to find out just what the hell is going on. + +Turns out, Fintel gets their Short Volume figure from FINRA's [Daily Short Sale Volume Files](http://regsho.finra.org/regsho-Index.html). Through that webpage, you can find short volume data for any stock for any given day. For example, today 2021-03-22, FINRA maintains that GME had a **short volume of 2,358,752** with a **total volume of 3,843,634**. And according to FINRA, Total Volume is defined as "**share volume of all executed trades during regular trading hours**." + +&#x200B; + +[FINRA Daily Short Sale Volume File Format Legend](https://preview.redd.it/l45d11be6po61.png?width=774&format=png&auto=webp&s=2a4298fe454531bedf29690f7db0bb901785a0c3) + +Alright, that's cool and all but what is wrong? Well, the problem is the Total Volume figure reported by FINRA is completely off and the fact that services like Fintel uses FINRA's short volume data to calculate short volume ratio presents inaccurate data to the public. + +For example, Fintel is currently reporting a **23%** Short Volume Ratio for GME as of 2021-03-22. The way they calculate Short Volume Ratio is simply take the Short Volume figure from FINRA (**2,358,752**) divided by the Total Volume. Whao, but Fintel is showing **10,054,700** as the Total Volume for GME, what? + +[Fintel uses the Short Volume figure from FINRA. Example: 2021-03-22, Short Volume for GME: 2,358,752. However, Fintel disagrees with FINRA in that Fintel uses 10,054,700 as the total volume whereas FINRA maintains GME only had 3,843,634 total volume.](https://preview.redd.it/5g4lhepc7po61.png?width=821&format=png&auto=webp&s=8f5c94c82d5a01181d73667ebeeb7feed416e25e) + +Okay, let see then.. + +[ Yahoo Finance shows GME had a volume of 9,573,686 on 2021-03-22.](https://preview.redd.it/m3483d888po61.png?width=514&format=png&auto=webp&s=401ab28bc0b80a29c43d0ec4d358566bb035dae3) + +[ WeBull shows GME had a volume of 10,060,000 on 2021-03-22.](https://preview.redd.it/8v5abi8g8po61.png?width=980&format=png&auto=webp&s=8f2cab05661faa8c6c1d132baa7eae18f7ebf79b) + +[ Robinhood shows GME had a volume of 10,060,000 on 2021-03-22.](https://preview.redd.it/fp0t9tkn8po61.png?width=796&format=png&auto=webp&s=3c3eacd125e70226892e147187be9189558a4084) + +[ Fidelity shows GME had a volume of 10,061,505 on 2021-03-22.](https://preview.redd.it/nrkys7cv8po61.png?width=1012&format=png&auto=webp&s=aee32b3251553ab514d1835f9fa0b540e5d9bb27) + +You get the picture. Four sources confirmed that GME had a total volume of \~10M on 2021-03-22. Why the hell is FINRA reporting only 3.8M as the total volume? YES, I am aware that FINRA breaks down their report by markets. I specifically did the analysis based on their "consolidated" data across markets B *(NASDAQ TRF Chicago)*, Q *(NASDAQ TRF Carteret)* and N *(NYSE TRF)* So, what the hell? + +Once I start questioning that, I had to check FINRA's short volume report for a longer time span for GME. Turns out, FINRA has been under-reporting total volume for all tickers since.. ever. Here I compare what FINRA is reporting vs what Yahoo and Fidelity are reporting. (Blue: FINRA, Red: Yahoo and Yellow: Fidelity) + +[ GME Total Trading Volume as reported by FINRA, Yahoo & Fidelity \(2021-01-01 to 2021-03-22\) \[Check sources below raw data\]](https://preview.redd.it/wj18e4vpcpo61.png?width=1554&format=png&auto=webp&s=ecf1121443100b84f7e78e92b7c9c9ceafe96f44) + +As you can see, Yahoo and Fidelity pretty much align 100% on what the total volume is, but FINRA ***\_never\_*** reported even remotely close to what others are reporting. Again, keep in mind the FINRA data I used in this analysis is consolidated across markets. + +The ramification of using FINRA's short volume and the total volume of what everyone else is reporting is underestimating the short volume ratio. If we go by the total volume reported by FINRA, we actually get 2358752 / 3843634= **61.4%** Short Volume Ratio. However, sites like Fintel uses that 2358752 short volume figure and the total volume \~10M figure, that gives a low **23%** Short Volume Ratio. The difference is dramatic. + +**The questions that need to be answered are: what is FINRA reporting? Why do the total volume they report so different than everybody else's? How confident and reliable are their Short Volume data then? If their consolidated data turns out to be not consolidated, are they deceiving the public in that services like Fintel report a fraction of the real Short Volume Ratio as a result?** + +For the record, I did check other stocks *(blue chips, meme stocks, EV.. etc.)* FINRA ***\_always\_*** under-report the total volume. + +&#x200B; + +**EDIT TO ADD:** + +[Fintel's definition on short volume.](https://preview.redd.it/8mhntjpp4to61.png?width=711&format=png&auto=webp&s=68b7285ff634d1f16e313ec990ddc9989509c01f) + +Fintel takes the Short Volume figure from FINRA at face value and divided it by a number (total volume) that includes more markets than FINRA does. *(FINRA's total volume reported does not include or align with exchange volume and they only count trades that are "publicly disseminated")* + +In the end, we learn that the data from FINRA is not complete *(perhaps there will never be a single source of truth when it comes to market data.)* and should not be taken at face value. You can use it to maybe gauge market direction, but it can not be used to accurately calculate the short volume ratio. *(Since, well.. both the numerator and denominator are subsets of the whole population. It is sampling at best. And sampling is well, sampling. It is not meant to be 100% accurate.)* + +&#x200B; + +TL;DR: FINRA allegedly report ~~inaccurate~~ **incomplete** total volume in their Short Sale Volume daily report and services like Fintel uses them and as a result gives **inaccurate** short volume ratio. + +Special thanks to amcstock Discord for helping the research. + +&#x200B; + +Sources: + +* (added) [GME Volume FINRA vs Yahoo vs Fidelity (Google Drive)](https://drive.google.com/file/d/13mRd23Z7V5yeprNr8qPgi16QPLGygwHe/view?usp=sharing) +* [Fintel - GME Short Interest - GameStop Corp.](https://fintel.io/ss/us/gme) +* [Regulation SHO Daily Short Sale Volume File Layout](http://regsho.finra.org/DailyShortSaleVolumeFileLayout.pdf) +* [March 2021 Daily Short Sale Volume Files](http://regsho.finra.org/regsho-Index.html) +* [FINRA Consolidated NMS Friday 19th March 2021 (TXT file 317 KB)](http://regsho.finra.org/CNMSshvol20210319.txt) +* [Short Sale Volume Daily | FINRA.org](https://www.finra.org/finra-data/short-sale-volume-daily) +So, we now have come to part 3 of this saga (part 1 & 2): https://www.reddit.com/r/Superstonk/comments/w7xz71/ibkr_still_refuses_to_issue_me_the_dividend_time/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +I’m typing this from my phone on a train under the sea in the channel tunnel, so forgive for typos and stuff. + +After my last post I’ve called CS two days ago (Tuesday). They suggested me to wait until tommorow (Friday) to see if the shares would appear in my CS account. So that’s what I was planning to do (I’m on holiday so a break from all this nonsense was very welcome). + +Until 30 minutes ago. My phone started blowing up with apes in the Reddit chat who I stayed in touch the last days. Everybody suddenly received their dividends. So we’re cool now, right? RIGHT? + +HELL NO. They screwed us over again! We only got 2/3rds of the divi. I was expecting 306 shares but got only 204. So have all the other apes. + +I’ve already send them a very friendly message, because boy where they convinced they would not have to give me the divi and the record date didn’t count and bla bla bla. (Screenshots will come later because, train, phone, channel tunnel) + +I’m soooo looking forward to part 4. + +**Apes who are in the same situation, please screenshot everything!!** +I have co-owned my apartment with my brother for a few years. He’s now moved out to live with his partner and there is a lodger in his place. + +The inevitable has happened and my brother would like to sell the property so that he can buy with his partner. + +But I’m really unsure what I want to do. We have 160k left to pay and the property is valued at 330k. + +The options I have come up with so far are + +1. I take out a new mortgage in order to buy my brother out and continue living in the place I’ve called home for the last 15 years, which would financially stretch me to the limit, but with the rent money from the lodger it would be doable. Then my brother would get his equity and can do his own thing. + +2. We sell the property, each take our share of the equity, and I use my share as a hefty deposit on another property. + +I think what I’m trying to work out is if there is any reason why I shouldn’t sell up. Selling the property has been talked about a few times in the past and I’ve always been told by relatives to not sell, as it will be a valuable asset to have in the future as a rental property. But, the money I would require for a deposit for another property is locked up in this one. + +This is a bit of a ramble and I don’t really have a specific question. I think I just need some opinions. +Yesterday I saw V for Vendetta; the similarities between V and the idea Satoshi Nakamoto are striking. + +V and Satoshi remain **anonymous** because: +>“Behind this mask there is more than just flesh. Beneath this mask there is an idea... and ideas are bulletproof.” + + +“**Authority**, when first detecting chaos at its heels, will entertain the vilest schemes to save its orderly facade.” +>"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"—Satoshi's [hidden message](https://blockchain.info/tx/4a5e1e4baab89f3a32518a88c31bc87f618f76673e2cc77ab2127b7afdeda33b?show_adv=true) + + +**Power to the people** + +>"He [V] was Edmond Dantes. And he was my father, and my mother, my brother, my friend. He was you and me. He was all of us." + +Bitcoin is Peer-2-Peer, no middlemen. We are all Satoshi Nakamoto, Bitcoin is all of us. + + +>"They say that life's a game, and then they take the board away." + +Let's reclaim the game, let's use Bitcoin. + +Hope someone can help me understand the reasoning behind, when anyone talks about recent property price declines, 'Its okey as long as it's PPOR, you need Roof over your head but not okey for investment property'. But, buying PPOR at peak price will do more harm and you can not shrug off easily. + +1) You pay higher monthly mortgage payments - as you bought property for higher price than current reduced price, you are paying more mortgage on similar house similar conditions.( Same deposit, same budget. Not talking about house quality here). + +2) you would have to put more money towards deposit if you buy at peak. Same house require less deposit now. That means extra cash in hand. + +3) Usually once you buy a home, you look for ( dreaming probably) to get capital growth. so that, you can use that equity for anything. This capital growth depends on valuations. Now anyone who bought at peak have to wait more ( may be 3-4 years more) to get positive equity and reach peak aluations, as it takes at least year or two to reach break even. + +This is like stab trifecta. It will do more harm to PPOR than investment purpose. If it's investment, atleast you can write off some loss in tax. + +Why would anyone think it's okey if it's PPOR. I understand nobody can predict Top, but my point is why would anyone think it's less difficult for PPOR. + +Hope I explained my point. What I am missing?Just trying to understand the reasoning. +My mum recently passed, way too young. She has left an inheritance which is yet to be determined as to the exact dollar amount, but should be between 6-700k. + +I am 36 with a partner and newborn child. I live in Melbourne, work in a contact centre role that I feel is no longer the appropriate fit for me, and we have been considering moving interstate, but also possibly considering another child. If we were to have another child we would defer an interstate move to allow us to be closer to family. + +There a couple of goals we have for the next 12/24 months: + +Refocus our careers (partner was in travel rip) +Take a little time for a road journey up and down the East coast +Determine where we plan to live, and following this, purchase a home + +I am interested in recommendations on possible options for how to maximise these somewhat competing goals, and if there were other opportunities I should consider, ie possibly investing in small businesses as a way to potentially moonshot a large financial return. + +Open to any advice. +Russian ruble plunges nearly 30% + +* The ruble was trading as low as 119 per dollar as offshore trading started on Monday morning during Asia hours, from nearly 84 per dollar the previous day, according to Factset data. +* Russian President Vladimir Putin put his country’s nuclear deterrence forces on high alert Sunday. +* Last week, President Joe Biden reacted to the attack by announcing several rounds of sanctions on Russian banks, on the country’s sovereign debt and Putin and Foreign Minister Sergey Lavrov.  + +[Russian ruble plunges nearly 30% against the dollar amid sanctions over Ukraine invasion (cnbc.com)](https://www.cnbc.com/2022/02/28/russian-ruble-dives-nearly-30percent-against-the-dollar-amid-sanctions-ukraine-crisis.html) +Stop fucking around with these government power grabs, whether you're in the US, the UK, Aus, NZ or Canada, tell those leeching fucks in the capital to get the fuck out your business, they are obsolete and have no actual authority of your finances. + +Financial privacy is a human right. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Every product I have ever used from 3M has been amazing. Their adhesives, sandpapers, dental products, etc. are often the best things made. They have a global presence. The P/E ratio is well below market average at 18.78. The dividend is a healthy 3.584. The stock grew 80% between 2015-2018 and then slumped. I see some analytics saying they fail to attract new talent for R&D. + +Why is this company with amazing products seemingly collapsing? Is this the brain drain, or is the talent going somewhere else? +$**SUPDOG** is a deflationary meme coin that has a 6% tax rate on every transaction. + +🔥2% is permanently burned from the supply. + +💎2% is distributed to holders. + +🫂2% is sent directly to charity via smart contract. + +Team tokens are locked via DxSale. Liquidity is locked for **79 years**. + +[BSC Checker audit](https://t.me/bscChecker/287) | [CertiK audit](https://www.certik.org/projects/superdoge) + +🔹🔸🔹 + +Marketing is managed by **Transform Group.** Transform Group is the leading PR team in the crypto industry which has worked with many of the major cryptos, including Ethereum. + +Press releases: + +[Yahoo Finance](https://finance.yahoo.com/news/superdoge-meme-coin-launches-reaches-170500547.html) | [CNBC](https://www.cnbc.com/2021/05/03/kelly-evans-taking-crypto-seriously.html) | [Financial Post](https://financialpost.com/globe-newswire/superdoge-meme-coin-launches-reaches-13m-market-cap-in-first-48-hours-worlds-first-crypto-superhero-coin-donates-2-of-all-transactions-to-various-charities-via-smart-contract-150000-already-do) | [Morning Star](https://www.morningstar.com/news/globe-newswire/8226659/superdoge-meme-coin-launches-reaches-13m-market-cap-in-first-48-hours) | [BollyInside](https://www.bollyinside.com/news/superdoge-meme-coin-launches-reaches-13m-market-cap-in-first-48-hours) + +🔸🔹🔸 + +**Episode 1** of the SuperDoge AMA on Youtube. Watch it here: [https://youtu.be/5uJeYRDRksc](https://youtu.be/5uJeYRDRksc) + +**Episode 2** of the SuperDoge AMA on Youtube. Watch it here: [https://youtu.be/jqwSI-pCrN0](https://youtu.be/jqwSI-pCrN0) + +**Episode 3** of the SuperDoge AMA on Youtube. Watch it here: [https://youtu.be/OWYwvBN\_I30](https://youtu.be/OWYwvBN_I30) + +🔹🔸🔹 + +$270,000+ USD has already been generated to our wonderful charities! You can track this number live on [superdoge.io](https://superdoge.io/) + +Here are the charity wallets that are currently each receiving 1/3 of the 2% tax rate. + +💕**WELLS BRING HOPE** drills wells to bring safe water and sanitation to the poorest country in the world. Visit website [here](https://wellsbringhope.org/). Address 0x2A8500831745891D2aC01403Da08883be4D58b72. + +💕**CHILD ENRICHMENT** is providing a voice and a path forward for local children that have experienced abuse of neglect in foster care. Visit website [here](https://www.childenrichment.org/). Address 0x7Dd4eAE167bc55F9EA5df729936Dcc69af0B54B5. + +💕**CLARE MATRIX** is providing support and a full range of treatment methods to overcome addiction to drugs or alcohol. Visit website [here](https://www.clarematrix.org/). Address 0xdDE25A762653baf7D53725010ab3901E6E527523. + +🔸🔹🔸 + +Twitter responses from charities: + +✨Child Enrichment Inc [https://twitter.com/CEI\_AugustaGA/status/1385624911167823872](https://twitter.com/CEI_AugustaGA/status/1385624911167823872) + +✨Wells Bring Hope [https://twitter.com/WellsBringHope/status/1386505061048766466](https://twitter.com/WellsBringHope/status/1386505061048766466) + +✨Clare Matrix [https://twitter.com/CLAREMATRIX/status/1386718198037458947](https://twitter.com/CLAREMATRIX/status/1386718198037458947) + +\--- +[Website](https://superdoge.io/) | [Chart](https://charts.bogged.finance/?token=0x622A1297057ea233287ce77bdBF2AB4E63609F23) | [BscScan](https://bscscan.com/token/0x622a1297057ea233287ce77bdbf2ab4e63609f23) +[Telegram](https://t.me/SUPERDOGEio) | [Twitter](https://twitter.com/SUPERDOGEio) | [Reddit](https://www.reddit.com/r/superdogeio) | [Discord](https://discord.gg/PXPXvpgqQq) | [Facebook](https://www.facebook.com/SUPERDOGEio) | [Instagram](https://www.instagram.com/superdogeio/) |[Youtube](https://www.youtube.com/channel/UCbqjUtH_o-CbxP3NM7lJSTQ) |[Medium](https://medium.com/@superdogeio) +http://theirrelevantinvestor.com/2017/02/13/should-stocks-be-worth-more-now-than-they-used-to-be/ + +**From the article:** + +Allow me to give a few possible explanations for why valuations have been drifting higher for the last thirty years. I can already hear the eyeballs rolling, “oh, I guess this time is different.” Hold on, I am not suggesting that valuations and stocks can’t get cut in half. I am also not suggesting that this will continue indefinitely, I’m just trying to bring some balance to the “stocks are expensive, sell everything” crowd. Also, I will feel no shame if this post marks the top. Alright, here we go. + +1. We’re using data going back to 1881. Should $1 of earnings generated by Facebook be worth as much as $1 generated by Standard Oil, or Edison General Electric? +2. America’s first billion dollar corporation was U.S. Steel. In 1902 they employed 168,000 people and had sales of $561 million or $3,340 in revenue per employee ($90,000 in today’s dollars.) Today, U.S. Steel’s revenue is $493,000 per employee, 5.5.x the amount it was in 1902. +3. Companies are so much more productive and efficient than they used to be. Of the 52 S&P 500 companies that make this metric readily available, only one has sales per employee less than $90,000.Facebook is doing $2 million in revenue per employee, 22x the biggest company at the turn of the twentieth century. +4. How much would you pay for $1 of suspected earnings when accounting laws didn’t exist? +5. Reg FD, which mandates that all publicly traded companies must disclose material information to all investors at the same time, did not exist until 2000! Investors like transparency and are willing to pay a higher price for it. +6. Interest rates are extremely low. People would rather accept volatility in stocks than low returns from bonds. +7. In 1996 there were over 8,000 publicly listed companies. Today there are just 4,500. Perhaps people are putting a higher valuation on a shrinking number of public stocks. +8. The 401(K) was’t created until 1981. Millions of Americans are buying stocks every two weeks in their 401(k) and these buyers are mostly price-agnostic, driving up the demand for stocks. +9. The costs for trading have come down enormously over time. Schwab just cut their commissions to $7 per trade! +10. In 1870 just 3% of the population was above sixty-five, and 94.5% of males were working. Retirement didn’t exist. Today, 13% of the population is over 65 and 60% of them are employed. These people are living longer and need to grow their wealth. The higher demand for stocks might be pushing multiples higher. + + + +I had £5000 GBP that I had saved and I was determined to finally try make something of my money. + +I spent weeks learning how to read charts/technical analysis and as I became more confident I wanted to learn further. I have $6900 spread across some reasonably safe coin but no greed got the better of me... + +I was following JRNY Crypto since I got into this mid Feb. He was always talking about his memberships and I became really curious and wanted to get involved. + +I saw him post a message on Twitter about his membership commenting on what one of his subscribers had said. I was convinced this would be a good decision. + +So later that day I messaged JRNY crypto... or atleast... I thought I did... + +Earlier that day I followed someone called @JRNYcryptto + + +i didn’t realise the extra T I messaged this guy and expressed my desire to join his membership program we actually had a good conversation he broke down the different types of membership and I was sold he directed me to this trading platform + +Bitcryptotrade.net + +Because I messaged him first there were no red flags.. I thought the trading platform looked a bit crappy but still no red flags... I head to the subscription page where I deposited 5 grand... saying it out loud and reading as I type is making me feel utterly sick that I could be so fucking retarded.... + +The premise was that he would trade with my funds and after he had achieved the certain ROI he’d take 20% and I would take the rest. Like you pay a an investment banker. I had sunk a few whiskies earlier in the evening which I knew clouded my judgement.. + +It wasn’t until after I had deposited.. that I felt the urge to check something... I remember in a JRNY video he was aiming for 100k Twitter following. I went back on Twitter and noticed this guy had 20k.. dread filled my soul I then noticed the extra T.. + +I knew at that moment I was never seeing a single penny of that money ever again.... I brought this new discovery to his attention. He claimed he has a second account so that he can message prospects. I knew it was total bullshit but I was worried that he had some of my info and I was nervous this could get worse.. + +He kept reassuring me this was real and I should relax.. a few days later he aggressively try’s to convince me that I had to pay his 20% commission fee upfront I couldn’t believe the balls of this guy... I told him that wasn’t gonna happen I had very little left basically $1700 from my original £5000.. + +He then try’s to befriend me saying not to worry about the fee and continued to try reassure me.. I went along with it due to worries he may be able to hack my wallet to retrieve my last few coins. Lastly he says for me to withdraw my profits at the end of day 5 I’d need to pay a $5000 withdrawal fee. + +Neither the commission fee or withdrawal fee was ever mentioned prior to me depositing funds. He tried to take advantage of the fact I was all in and tried to exploit another 11 grand out of me. Not once was I ever going to pay.. + +I thought I was a smart guy but I’m a dumb fucking idiot who deserved all of this. To make matters worse I have been bombarded by fund recovery scammers... + +I have only a tiny bit left and every day I’m lying to my partner about how my crypto investing is going.. + +For the love of god don’t be as retarded as me please read this, feel free to laugh and ridicule I deserve it... read this and remember even if you think you’re talking to a legitimate person with good intentions even if YOU message them first... + +Please be careful.... + Bank of America this week announced that it will be launching a mortgage option for first-time home buyers offering no down payments, no closing costs and no minimum credit score.   + +[https://www.usatoday.com/story/money/2022/08/31/bank-america-mortgage-la-miami-dallas/7952652001/](https://www.usatoday.com/story/money/2022/08/31/bank-america-mortgage-la-miami-dallas/7952652001/) + +Seems like we are entering a pre-housing crash scenario, with housing prices at all time highs, interest rates at all time highs, labor market tightening and interest rates expected to increase at least twice more this year, what are you thoughts on these 'Special programs'? +Just looking to get into some coins that are a bit cheaper. I like these two coins but it sucks they aren't on the bigger exchanges yet. Both have growing communities and the tech behind each coins sounds interesting to me. Intense deals with vpn tech and ECCs tech also interests me. But I'm not expert and just like to back projects iam interested in. +I'm new to day trading and I don't know anything about technical indicators. I don't try to predict the price. I'm a programmer in my profession, and this is what I came up with using my brains. Excuse my lack of terminology, and tell me how it could fail: + +Basically I short BCH once a day. I sell BCH for BTC, and I buy back the BCH when I can make %1 profit on it, which happens rather easily. My capital is high enough that if I make %1 of it daily, it accumulates to a nice monthly income. I never try to make more than %1 on a trade. I never trade more than once a day. I never reinvest the earnings, I withdraw them and invest the capital again only. + +The reason that I'm trading BCH/BTC is that I assume that they will grow or shrink in ($) value more or less together, so their exchange rate will stay within the historical range of 0.067-0.26, so %1 changes should occur usually at least once a day. If I can catch a %1 price change about daily, I'm set. I try to open the position when the price is relatively high (above 0.13). + +The worst that can happen is that after I've earned some money with several successful trades, I sell the BCH once, the price leaps, and I never manage to buy it back, so I'm "stuck" with a long term BTC investment, which is fine by me. Then I can buy some more BCH with fiat or with my previous earnings and repeat the process. This should happen rarely enough that when it does, I already earned enough capital to start this again, with my "lost" capital just invested in BTC now. I don't see how I can lose money this way (unless BCH or BTC drop in $ value which is a different matter). I'm safely and gradually earning BCH almost every day. + +The reason that I'm day trading instead of just investing long term in BTC (which I also do regardless) is that I can use the earnings from the day trade now as another stream of income. + +Am I a genius? Did I come up with something new or does this exist? Is there a name for this? Did I miss some obvious flaw in the scheme? Did I just get beginner's luck? + +Thanks for your input =D + +EDIT: Shorting isn't the right term, I misused it. I don't borrow money. I just meant that I sell BCH to buy BTC first, and then when the price is right I sell the BTC and buy back %1 more BCH than what I started with. +Or are people just going to say “it be like that sometimes” 😂 10% + hits to ETH, BTC, XRP etc. Can’t just be normal, what’s happened now? More FUD, any news been released? +"Now, though it has a challenger, NIO (NIO), the Chinese company that unveiled a new electric vehicle luxury sedan this very weekend that people are going gaga about. Its got tons of features, including an Nvidia (NVDA) based self-driving solution. Lots of bells and whistles that could rival Tesla in the electric vehicle market," he continued. + +https://www.thestreet.com/video/why-jim-cramer-thinks-nio-is-next-tesla + +I'm very confused as to what the hell the current markets are supposed to be. The only thing that matters seems to be predicting what the federal reserve will do. + +None of this makes sense to me as a young investor. By literally every marker we are in the biggest market bubble of all time, and many experts are talking about it. Yet this is somehow just the new status quo. + +It's no longer about investing in how good the actual economy is doing, is it? I mean if you were sitting there in summer of 2019 before the virus started to become known, and I came to you in the future telling you there would literally be lockdowns and economic shutdown, what would you do? + +You would sell many of your investments, maybe even short the market. Warn people of what's to come. This is the rational decision, isn't it? Things go up, and they also go down. What the hell has happened? + +But actually the federal reserve decided to prop up the markets at the expense of savers and the dollar itself... so what was the point of speculating on the economy? It didn't even matter that we had a literal pandemic (or atleast the response of one), asset prices just went up and up. + +Which leaves me very confused. Obviously you can't just create wealth out of nothing, there is always a downside to QE and that is inflation (more specifically, loss of purchasing power). + +What the hell happened to the markets, how did we let it get this bad? Why would the fed not use QE to turn a crisis into a less painful downturn, instead of creating so much new money that they somehow turn a shutdown into a bull market? + +Am I going crazy here? We read the statements made on Friday and the Federal reserve STILL is scared to stop pumping money into the market. But nobody's doing anything about it. How did things get this bad? No bubble resolves sideways. This is no longer investing, this is gambling. + +I'm very confused as to what the hell the current markets are supposed to be. The only thing that matters seems to be predicting what the federal reserve will do. + +None of this makes sense to me as a young investor. By literally every marker we are in the biggest market bubble of all time, and many experts are talking about it. Yet this is somehow just the new status quo. + +It's no longer about investing in how good the actual economy is doing, is it? I mean if you were sitting there in summer of 2019 before the virus started to become known, and I came to you in the future telling you there would literally be lockdowns and economic shutdown, what would you do? + +You would sell many of your investments, maybe even short the market. Warn people of what's to come. This is the rational decision, isn't it? Things go up, and they also go down. What the hell has happened? + +But actually the federal reserve decided to prop up the markets at the expense of savers and the dollar itself... so what was the point of speculating on the economy? It didn't even matter that we had a literal pandemic (or atleast the response of one), asset prices just went up and up. + +Which leaves me very confused. Obviously you can't just create wealth out of nothing, there is always a downside to QE and that is inflation (more specifically, loss of purchasing power). + +What the hell happened to the markets, how did we let it get this bad? Why would the fed not use QE to turn a crisis into a less painful downturn, instead of creating so much new money that they somehow turn a shutdown into a bull market? + +Am I going crazy here? We read the statements made on Friday and the Federal reserve STILL is scared to stop pumping money into the market. But nobody's doing anything about it. How did things get this bad? No bubble resolves sideways. This is no longer investing, this is gambling. +https://www.cnbc.com/2020/03/17/tesla-keeps-fremont-factory-open-amid-covid-19-shelter-in-place-orders.html + +Tesla is keeping its Fremont, California car plant running during “shelter in place” orders initiated across the region to curb the covid-19 outbreak. + +A pair of emails from CEO Elon Musk and head of North America HR for Tesla, Valerie Workman, told employees they could stay home if they wanted, but production, service and deliveries would be ongoing. + +Tesla recently began deliveries of its new, crossover SUV, the Model Y, amid the covid-19 pandemic now impacting the U.S. +The bitcoin exchange hard fork contingency plan was a great step towards calming the waters of the BU uncertainty. Then you two make a statement indicating that you're going to consider BU as "Bitcoin" if it achieves majority hash from miners. This is irresponsible and you're essentially giving a handful of miners a bigger voice than the economic majority which is overwhelmingly against BU. What you are doing is allowing them to continue with this deadlock... 90% of the economy already stated their position and you two are leaving it open ended indicating that hash power has final say ignoring the checks and balances that the users and economy plays for any scenario of a split. It's unfortunate because you're supporting a movement that: + +- Heavily relies on anti-Core propaganda + +- Heavily relies on reddit censorship to make their case + +- Clearly centralized (Jihan Wu/Roger Ver vs. the community) + +- Proven to be unreliable + +- Relies on social engineering (Ver pays for anti-core bots) + +- Does not have support of the businesses/users/developers which you can clearly see on twitter + +- Supported by bitmain to halt segwit and 2nd layer solutions + +- Incentive that heavily favors miners over the overall community + + +Giving this uncertainty that you may consider BU as the official bitcoin if it has majority hashpower (which is almost entirely Jihan) you are giving them a bargaining chip and extending this uncertainty longer than it has to. This is not a divide within the community, it's a few causing havoc and you need to look at the evidence and take a position. + + +u/evoorhees + +**Edit** + +Thank you u/bdarmstrong & u/evoorhees for coming out and sharing, I seem to have misunderstood your position. And a double thank you for all your contributions to the btc world! +There is simply too much greed and too little sense. + +BTC survived 2017's attempted coup, but that will not be the last time they try. And next time, those attempting the coup will be much more sophisticated, with deeper pockets, a thorough understanding of BTC's protocol and its weaknesses, a paid army of programmers and private keys to large quantities of BTC, if not the majority of it. For all we know, someone somewhere already has a plan and is laying the groundwork for it. I say this because even though code and math cannot be bought, corrupted, imprisoned or executed, the people and institutions that write them can. + +The closer we are to the moon, the more dangerous and treacherous the road gets. We need cautious optimism, rather than allowing our greed to lead us to blinding euphoria. + +Which is more important; that we individually become wealthy, or that we collectively have BTC endure in this world? + +More vigilance, less trust. + +\------------------------------ + +EDIT: + +Wow, didn't expect so much discussion! Thanks for the awards, kind strangers! This community is great. And against my own advice, cheers on 20k, lol! (hey, I never said I was perfect). + +To those who are asking what we can do to stay vigilant, or what we can do against huge banks buying BTC, these are a few ways you can make BTC stronger: + +* learn and run a full node; +* learn about the base protocol, how concensus works, and what makes it all possible. That way, if malicious changes are proposed again, we can rally against them as strongly as we did in 2017. +* Get your coins out of exchanges and take on the real risk of self-custody. +* Continue engaging with the community. + +So on and so forth. Cheers! +A few hours ago, I received this text message: + +"Coinbase: We have received withdrawal request on your account from unrecognized device. If this was not you, click here: \[removed link from Reddit for safety\]" + +I was in the middle of a conversation and was completely not thinking. I clicked the link, everything looked legitimate, and I didn't receive any warning from Google or Safari. I entered my login information. + +The next steps are blurry, but I then received an email with a link that I clicked, and then provided the 2FA code code from my phone. Like I said, I was totally distracted when going through this and provided all the info. Within minutes, the entirety of my BTC (the only crypto I held) worth about $8500 was sent off to an unknown account. + +I am horribly upset and embarrassed. I'm posting here to see what my next steps should be. I have contacted Coinbase via email, really wish I could get someone on the phone. I intend to file a police report both locally and with FBI/FTC. + +Is there anything I can do? I'm going to assume this money is gone and lost but I'm just looking for advice. Thank you. +I started thinking about reasons why RRPs decreased today, and then I was reminded of a [post last month that predicted the price action from May 25th into June](https://www.reddit.com/r/DDintoGME/comments/nlzqvs/gamma_squeeze_alert_the_future_ahead/) and how it could've related to reverse repos. Essentially, i'm speculating that the reverse repos dipped today because someone got margin called and unless they satisfy their margin requirements within T+5, they will be forced to cover on July 5th. **This means watch for dips in ETFs that last up to 6 days** (T+5). The deadline for satisfying the *theoretical* margin call would be **July 5th**. Also, i'm currently reading through 002 to see if it throws a wrench in this idea. + +***FOR THE LOVE OF GOD*** don't take my smooth-brained speculation as gospel. I just recognized some patterns and that's it. In all likelihood, it's all unrelated. That's my *no dates* disclaimer. + +&#x200B; + +May 17th: + +\- [RRPs decreased](https://fred.stlouisfed.org/series/RRPONTSYD) \~$32 billion but gained 4 participants + +\- [Mark Cuban tweets](https://twitter.com/mcuban/status/1394322533323837447?s=20) ominously about margin calls + +\- MSM talks about margin call rumors + +\- Aggressive shorting keeps GME under $180 from April 6th, 2021 until May 17th - closing price: $180.60 + +\- A dip and attempts to cover start from here to may 25th + +May 25th: + +\- After T+5 days of an attempt to cover by closing other positions (dip in the SPY), they presumably fail and are forced to cover around the same time of the T+21 cycle + +*Keep your tits inside the vehicle at all times.🚀* + +**EDIT:** + +To clarify, there are **74** counterparties for RRP today and there were **75** yesterday. Was a participant from yesterday margin called? Who's to say. The RRP decrease was \~**$41 billion**, well within the $80 billion limit. + +Generously contributed by u/ravenouskit are the RRP values from the aforementioned dates: + +* 5/14, $241B +* 5/17, $209B +* 6/24, $813B +* 6/25, $771B + +Also, I edited the shit out of the OP with better info. Might do it some more. +I see a lot of beginners asking about options. The way I learned was buying options that fudged me till I was at 0. I think a lot of people ask questions but are afraid to invest in options. My thesis is this…. You want to learn about options? Pick your favorite company and buy a call option a month out… follow the P/L and all the small things (gamma, theta decay… etc) and that will teach YOU more than any forum… just my thoughts. +My mother in law approached us the other day asking if we can put her as an authorized user on our credit card so she can build her credit. She has a recent bankruptcy and horrible credit, whereas our credit score is 800+. She won't actually be using the card nor have access to it, it will come to us, she just wants us to add her so she can piggyback off our good credit and hopefully boost hers in the meantime. My question is, would this have any negative impact to us and our credit? I initially told my wife as long as she does not have have physical access to the card or uses it, and if it doesn't have any negative ramifications for us, then I don't mind. Can anyone confirm that if we do this we will have no negative ramifications to our credit or anything? + +&#x200B; + +Thanks! +I'm hesitant to give away my information. I don't see why they would need it. We have lived together for 4 years, we own our own cars, and have separate insurance policies. They said they need proof that I'm insured since we're in the same household? That seems weird to me. + +EDIT: Thanks everyone for the information! I looked into it, we can get a policy together for about $60 less per month than we were paying for our separate policies. Two birds, one stone! + +EDIT 2: Wow, this thread really blew up. For all of those curious, the insurance agency stated that it was state law (WI) and that he could be denied coverage if he did not provide my information. He did, and sure enough, they raised his premium. Only about $15 for the six months, but still. Thanks to some of the recommendations I received here, I found out that we could get a policy together, plus bundle our renters insurance, and save a good amount of money. However, I should say that while Progressive provided me a quote, State Farm would not because we are not married. We've both had Progressive for years though, so we'd prefer to stick with them. Thanks again to everyone who contributed to this thread. Moral of this story: insurance is BS. +The inflation rate is cooling off from the impact of interest rate hikes. It takes 9-12 months for rate hikes to be felt and 12-18 months for the maximum effect. The CPI report, interest rate hikes, house prices and rents, wage growth, job openings, unemployment rate, international conflicts and trade wars all play a significant role in guiding the market's macroenvironment. This hopefully plays a significant role in helping the market to jumpstart. https://www.bls.gov/cpi/ +I've known about bitcoin for a few years now. I've read the white paper. I've followed the exchange rate, the hype, and the hysteria. So why after all these years of being a passive observer did I finally purchase some? + +Is it because I think it's a brilliant investment opportunity? +Is it because I think this is the beginning of a global financial revolution? + +No, those aren't the reasons. It has nothing to do with the debate of the merit of bitcoin. + +The real reason I decided to finally buy a tiny bit right now is because of the wealth of education available just by purchasing ANY amount of btc for the first time. + +I realized there is only so much you can learn by reading forums, technical papers, and mainstream media. At the end of the day it's hard to begin to develop an understanding of what something is without hands on experience. I realized the only way to actually learn anything about it is to be part of the process. + +If you're like me and have been reluctant to buy in, but you're hungry to learn more - I invite you to do yourself a favor and invest just the cost of a beer, or a lunch, or a trip to the movie theater in BTC and see exactly what all the fuss is about. +Hi guys! I really couldn't find a savings calculator that fit the plan that my wife and I are working towards. We want to aggressively save, then back off and CoastFIRE while we spend time traveling and working remotely. Most retirement calculators I've found either make you pop in a fixed savings amount per year, or have some % increment per year number. There just wasn't enough flexibility. And sometimes they just don't give you enough numbers to go along with it. + +[So I created my own spreadsheet](https://docs.google.com/spreadsheets/d/1h4euUifOWF63JuU5dDkJlWThcQuoqIKzBL1UakRdPcA/edit#gid=0). You can enter in an initial value for this year (since it's almost over), and then enter a savings amount (or withdrawal amount) for each year and it will calculate your total account balance, interest earnings, 4/3/2% safe withdraw, and then 4/3/2 adjusted for inflation (with an inflation modifier at the bottom if you want to change it, currently 2%/yr). + +Feel free to use it, share it, steal it and put it on your blog. But I was hoping some of you fancier excel folk could give me some feedback and let me know if there's anything else that should be added that might help some people. + +It's nothing fancy, but I hope it helps someone! + +**Edit**: I added some instructions, and I updated some column names and formatting. I also updated my "demo scenario" to better illustrate the reasoning behind the worksheet. You can see that "Demo Guy" has $100k balance this year, saves aggressively until he's 40 and then STOPS for 20 years. By the time Demo Guy is 60, he can safely withdraw $110k that year, which would be like having a $60k/yr income in today's money. + +# Instructions + +* Open the **Second tab named "Variables"** and set your current starting balance. You can also adjust your starting age and starting year. **If you're starting in 2020, I suggest lowering your contribution amount and expected return since we're most of the way through this year.**. + +* Switch back to main tab. Enter a contribution for each year you are saving along with an expected yearly return %. You can enter a $0 for years you save nothing (coastFIRE) and a negative number for when you start making withdrawals (FIRE). + +* Play with scenarios like: What if I saved $50k/yr for 5 years, dropped that to $20k/yr for 5 years, and then coasted for 10 years? Now you can see how much money you would have at every point along the way! + +* The right 3 columns show safe withdrawal rates in "Present Value," which is the adjusted dollar amount to show what your spending power would be like in today's money. If you're not retiring for 30 years you definitely want to keep an eye on these columns. $100k sounds like a lot of money today, but it might be the equivalent of $50k today. + +**2nd Edit:** I moved all the variables into a second tab named "variables." Easier to manage. You can now set your start year, starting age, and starting balance. +Today's closing was $10.75. My cost basis is $18.02 and I'm really considering doubling my position to bring down that cost basis. This is in my taxable dividend account. + +Here's my pros list: + +Price/sales - 4.16 + +Price/cash - 6.99 + +Price/book - .76 + +Forward PE - 5.97 + +Net margins - 79% + +Divi payout ratio - 55% + +divi payout growth years - 8 + +Cons: + +3 year divi growth is low + +PE growth is low + +divi payout ratio based on cashflow is 75% + +Besides those couple cons, the stock seems undervalued to me? Am I missing something? I know rising rates are usually bad for REITs but I would be inclined to think a hospital REIT would be a little more sustainable over time since hospitals don't typically close or change owners like another type of commercial business would. I liked the stock at $18 when I started buying it, but has something seriously changed that I'm missing? + +EDIT: + +After looking at everyone's advice, doing some research, and today's -4% drop I increased my position by about 25% and brought my cost per share down to about $15/share. Got in at $10.23. Going to keep an eye on it now for a while. If it goes below $10 I may have to add a bit more, but now REITs are taking a heavy allocation in my portfolio so I will probably bulk up some other holdings in the coming weeks. +I'd like some opinions on SUN as an energy position , looking at 5+ years. It's a huge payout, thoughts on mid to long term sustainability? Thank you. +Hi friends. A question for you. I have 6-7 dividend paying stocks in my ROTH. If things stay as they are now I am making about $3k in annual dividends. + +Can I start a small position in VOO or VTI or any other cheap index ETF and set up DRIP so that all my dividends from QYLD, KO, etc... get reinvested into VOO? I figured this way I can essentially invest $9k ($3k from dividends and $6k from annual max contribution) into some cheap index fund and build it up over time while still having my original stocks. + +Or does DRIP have to go into the same stock that paid dividends? + +Any feedback on this approach? + +Thank you! +Why shouldnt I just dump my money on this high yield ETFs? 10%-15% annual return on dividends seems better than investing on growth stocks this time around. +Interested in opinions on the better of these two? Are both ordinary dividends, and what has better dividend yield for holding long term positions? I heard JEPQ is qualified dividend and have to pay zero federal tax on dividend payments. It looks like JEPQ yields less than 3% where JEPI yields over 9% making JEPI a better choice. + +Thanks in advance for your thoughts and opinions +Hello friends, + +I am new to this subreddit and wanted to get opinions on what account is best (or if I should use both) for dividend investing and creating some secondary income. I understand there are tax benefits to the IRA, but I wouldn't mind some extra income before I retire. Suggestions on what to buy is also welcome! + +Some background (not sure if this is necessary): I use Fidelity, I am in my early 20's and I will have a good amount of disposable income through work after graduation. + +Thank you all in advance! +Ken is beat up.. Hes dying inside... The last thing that guy wants to do is go on tv and deal with PR... + +[Sorkin is his partner in crime... This was their big event yesterday... ](https://preview.redd.it/un056g0oryy71.png?width=882&format=png&auto=webp&s=a28efcbae284891427d60c2d5d9d09e46abc8d4a) + +He LIED... He said "The GME thing came and went" + +That was the entire purpose of the crap they broadcasted... + +**But why?** +I think so that institutions can use that and say to their brokers - look, this is from yesterday, Even Ken said its over - our analyst have to agree with the market makers - so you cant buy it - and so on... + +There is more and more interest coming to GME as sentiment is starting to really change and even Boomers want to buy it - Now the big banks need a bullet to defend it - they can deflect people to the youtube video and they'll believe Kenny because they dont do their own research - + +**The Ken and Andrew Wank off Yesterday was used so institutions can kill GME short sale rumors per the boss Ken -** + +And that was their biggest try yet - so I think we are getting closer and closer - and closer... fukt Hedgies... +I am down about 80% each of them. + +I understand if I sell a covered call and the price goes over the strike, I will have a capital loss. + +Eg. I had sold an Apple put for 220 that got assigned to me. + +Now I am already down 7,600 on that as of today based off the price of 154. + +I am thinking about doing covered call that is 10% above from the current price on a 30 day basis- however, I would like to understand the risks of doing this and if there specific metrics or % I should be aiming for. + +My plan is if the strike hits, I will repurchase Apple at its current price and write the call again to help close my loss. + +I am assuming others have gotten into similar positions and how they are currently handling it? + +I believe I am missing some points to this plan but like to hear opinions on it. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Looking to expand from buying options to selling covered calls tomorrow and want to run my plan by to see if I got it right. + +I am leaning towards Sundial and but will look into other options. Maybe some of those cheap pharmaceutical companies or Gsat.. Will like to spend under $500 for the 100 shares. + +Sundial is $1.35 now so 100 shares will cost $135. + +$2.5 Calls an expiration of the 26th will give me a premium of $18. (Take 8 times to make my money back) + +Same call expiring on the 1st will give me a premium of $23 dollars per contract. (Six times to make my money back) + +*My questions* + +1) Am I better off doing short term calls and just recycling the stocks every week or two? Or should I do calls further out. + +2) Do you guys recycle the shares or take the premium and if not exercised sell the shares off if you will profit. + +I believe Sundial will stay in the $1-$1.50 range for a while maybe do $2 calls. + +Thanks 🙏 +Options are open for MNMD which appears to be a new fav over at r/WSB. The open interest is still pretty thin but the 6/18 2.5p is currently yielding 12% on collateral at a delta of 19. +I just sold a few :) +I've been looking at a townhouse in a nicer, somewhat hipster suburb in Mount Lawley Western Australia. When i first saw it, they had it advertised as "offers" and I wanted to maybe offer around $375k. I spoke to the agent over the phone after the first home open, who said he expected around low 400's. It's only a 1bedroom (+study and two living areas) 1x bathroom (+ powder room) and 1x garage, but three mezanine levels in a kind of loft space. + +The next week it changed to "offers from 439k" on the realestate website. A few more couples and people turned up and showed some interest but the last few home opens no one but me turned up. They've now changed it to "offers by 24 July". The agent has been pretty pushy in trying to get offers handing out offer and acceptance forms to people at the home open. + +I did some research and found that the same ones in the same complex sold for $412k and $420k in 2007. And in 2013 one sold for $565k (although a very different market back then) which the agent keeps bringing up at every homeopen. The one I'm looking at is nowhere near as nice as those that sold in 2007 and 2013, it also has tenants in it that kinda trashed it a bit, the kitchen is need of demolishing, carpets replacing, bathroom redoing and possibly tearing down a wall as well as replacing balustrades and stairs. Which alone is over $60k of work. + +I'd be looking at offering around $380k with a max of $395k. But if the seller is after $439k+ i think i might be lowballing it a bit? I feel my offer is fair and justified due to the amount of work needed, what the agent was originally predicting and what properties in the area sell for. I do quite like it considering the amount of work needed, but I only like it for the price that I can offer. I think if I'm the only remaining interested buyer I have some leverage, and that if they're selling now, during a pandemic they're maybe a bit more desperate than letting on? +I have a friend with a history of cancer. She has stated repeatedly that she is going to have to give up treatment due to not being able to afford it. The only figure she has specifically mentioned is $2500 for radiation therapy (although she has been undergoing rounds of chemo for years). + +&#x200B; + +Can someone just run out of money for treatment in Australia? The resources I can find from the Cancer Council point to "maybe" as they mention some costs that might not be covered by Medicare or insurance. I was just under the impression that getting to the point where you need to give up treatment and die due to financial pressures was something that doesn't happen here. + +&#x200B; + +Edit: thanks for the detailed replies below. I will let my friend know about potentially using her super, if there's anything significant there, and possible grants. She has described these costs as "after every possible subsidy and rebate", so we'll see. All in all I don't think she's going to have a good outcome but she and her family might end up under less financial stress during the process. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +After 2 years of paying off my student loans I have finally made my last loan payment today! To everyone out there with student loans, I understand that it can be difficult reading posts about other FI people’s net worth at $100k, $250k, etc. However, I can attest that the joy of not having student loans is incredible! Stay strong! + +--- +**Financial Background:** + +* Age 25M +* Working in management consulting +* Blessed to have starting salary at $75k +* Received promotions after 6 months and 1 year resulting in salary bumps to $78k and $103k respectively +* Parents were unable to provide any financial assistance for my college +* Graduated with $67,474 in student loans + +**Process:** + +* I stuck to a strict budget which allowed me to put away ~50%-60% of take home pay to loans +* All tax returns, bonuses and stock options were used to max out Roth and all remaining to loans +* Refinanced and consolidated loans (Parent Plus & Stafford) with DRB. Interest rate went from 7.14%(weighted average) to 4% + + +**Results:** + +* Overall I paid $1,312 in interest +* Refinancing my loans saved me $4,030.39 in interest +* Aggressively paying off my loans in 25 months vs. 10 years saved me $25,810.38 in interest + +--- + +While some on here will argue that refinancing federal loans into private loans is too risky, I was confident that my employment would be stable enough to allow me to pay off my loans quickly. Also, I am aware that a 4% interest rate is arguably low enough that you should pay the minimum and invest all excess $ in investments. History has proven this statement, but I felt more comfortable with the guaranteed “return” on my loans vs. investing. + +**NOTE** +I wrote the following stock summary report for my [**Substack Newsletter**](https://slackcapital.substack.com/) back in August this year so some information may be outdated. My notes include comments from Andrew when we shared a phone call together. For disclosure's sake, I am still watching from the sidelines and have not yet taken a position. + +&#x200B; + +https://preview.redd.it/qxwh03q41vz91.png?width=273&format=png&auto=webp&s=d681c2cf7e6ee2bc4cdf88b9641fa8b2580b8731 + +# ADX EnergyASX: ADX + +https://preview.redd.it/7f8ml3q61vz91.png?width=760&format=png&auto=webp&s=22f772ff70daf92d6f8e3b5c39af21c70981e8df + +***Synopsis:*** +*ADX Energy Ltd (ADX) is an oil and gas exploration and production company with a focus on Europe. The company has been listed on the ASX since 1987. The company’s headquarters are in Perth, Australia, however, has operations offices in both Austria and Romania. The 750bcf Welchau gas prospect is what most attracted me to this company.* + +**Company History** +2015 - Seismic campaign begins in Romania. Data review of Sicily reveals potential oil resources + + +2016 - Sicily project formation beings. Feasibility program of Romania + + +2017- Drilling targets identified in Romania + + +2018 - ADX Secures farm-out to fund the seismic and drilling program in Sicily. The moratorium in Italy causes activity delays. Farmout discussions for Tunisia. Operation planning for Romania + + +2019 - Purchase of current producing Austrian Zistersdorf & Gaiselberg fields. ADX becomes licensed to produce and explore in Romania. Appraisal well complete in Romania + + +2020- Seismic campaign over Austrian Zistersdorf & Gaiselberg fields. Independent assessment confirms resource reserves of Upper Austria. ADX exists in Tunisia due to low investor interest. Flow testing begins in Romania. Well performance was under expectations, ADX to monitor to see if the reservoir will clean up in the future + +2021 - ADX upper Austria project acquired. An external appraisal is undertaken for hydrogen storage in the Austrian Zistersdorf & Gaiselberg fields. Permit extension in Romania. Evaluation of geothermal power generation opportunity in Austria. Farm-out secured for the Upper Austria project. + +2022 - so far Oil and Gas discoveries in Upper Austria. Flow testing of Upper Austria. Upper Austria's license expanded to include exciting gas prospects. CR to accelerate Upper Austria oil field development. + +**Assets** +**Austria** +ADX is just one of 3 production and 2 exploration operators in Austria. + +https://preview.redd.it/h5mqdppb1vz91.png?width=1054&format=png&auto=webp&s=94bd0d423455d487b0bbf18ae93c8b2b93e21ffa + +**Austria - Zistersdorf & Gaiselberg Fields** +The Zistersdorf & Gaiselberg (Z&G) are located near Zistersdorf in the Vienna basin. On the 1st of October 2019, ADX acquired 100% of the oil fields for €4 million from RAG, one of the major producers in the country. + +The current production rate from the Z&G fields is 285 BOEPD and is of high quality 27 to 33 API Crude. 1P reserves estimates are 1.19m BOE & 2P reserves estimates are of 1.85m BOE. The remaining production life forecast for the 1P and 2P cases are 2028 and 2033 respectively. + +There are opportunities to expand production including: +\- Redeveloping/overworking old discoveries +\- Conducting infill drilling +\- Drilling deeper into the proven yet undeveloped Flysch Zone. There are 50 potential drilling locations in Flysch + +Since its discovery in 1937, the Z&G fields have produced 37.6 MMSTB of oil, 16.6 Bcf of gas, and 66.2 MMbbl of water. The oil currently produced is delivered by pipeline and sold to a local refinery at a small discount to Brent crude oil prices. Operating costs are estimated to be US$ 31 per barrel. + + +The Z&G fields have provided ADX with a modest cash flow greatly reducing the company’s burn rate. Though it must be said that the fields have had extremely varied production rates over the past few years as they are coming closer to depletion. + +https://preview.redd.it/8f24kbud1vz91.png?width=1600&format=png&auto=webp&s=63fa0159415dd2b783c91dd4644f88829c42f093 + +**Hydrocarbon Storage Opportunity** +ADX has been evaluating the opportunity to utilize already depleted Z&G field reservoirs for green hydrocarbon storage. Ideally suited reservoirs have already been identified which could have a max storage capacity of between 500-1000 GWh. ADX is looking to construct a pilot plant in 2023 which will have an estimated CAPEX of €6.5 million + +https://preview.redd.it/p45koj7g1vz91.png?width=810&format=png&auto=webp&s=1884e1633bef66ebfb2fa9ee48b976f21cf2062b + +In late 2020, ADX sign an MOA with Windkraft Simonsfeld AG which operates 91 wind power plants with some facilities being located close to the Z&G fields. WKS would generate hydrogen through their renewable generation sources and ADX would store the resource in their reservoirs. + + +Green Hydrogen is generated through electrolysis which is a process using renewable energy sources to split water molecules into hydrogen and oxygen. + + +While underground hydrogen storage in salt caverns is already operational, its application in porous reservoirs is yet to be proven. However, the European Union has established a €150-billion budget for “hydrogen” related grants and loans to be utilized between 2021 and 2027. + + +https://preview.redd.it/sb92uxah1vz91.png?width=1600&format=png&auto=webp&s=d029f0a9b37aac2f46f0dc4b8b24a575f9a95a26 + +**Austria - Upper Austria** +At a later date, ADX also purchased the Upper Austria acreage from RAG and acquired state-of-the-art 3D seismic valued at over €90 Million. The large exploration acreage of approx. 6,247 km2 is covered with approx. 3650 km2 of modern 3D seismic. + +https://preview.redd.it/91c629ti1vz91.png?width=982&format=png&auto=webp&s=5e655c748702aae77bc4012ee90c324b943f4381 + +The Upper Austrian acreage consists of 81 prospects with prior drilling having an ordinary success rate of 48% (10 out of 21 wells a success). The region hosts existing O&G infrastructure making the path to production relatively short as ADX doesn’t have to develop its own extensive infrastructure. The average dry hole cost of wells in the basin is estimated to be between EUR 3-5m. + + +ADX has identified the best 16 exploration prospects which have an accumulative best technical recoverable estimate of 72 MMboe and could see upwards of 1000 BOEPD a day. At current brent crude oil prices of US$110 this equates to $110,000 a day or $13.2m a quarter. It must be noted though to drill all 16 prospects would take a significant amount of time and capital. + + +One of these exploration prospects, Anshoft-3, had an oil and gas discovery earlier in the year. ADX has an 80% interest with ASX listed XST being the farm-in partner who funded 40% of costs for a 20% interest. Anshof-3 has a best technical case prospective resource potential of 6.6 MMBOE. + + +Flow testing in April produced water-free light crude oil (32° API) at approximately 132 barrels of oil per day. ADX is current advancing plans to bring Anshof-3 into production in Q4 2022. + + +ADX also plans to drill Oho (20.4MMboe) and Zam (14.6MMboe) within the next 12 months following farm-in agreements being reached. The Oho well, with a target depth of 4,125m and a dry hole cost of EUR 6.6m, Is geologically analogous with the Hoeflein field in the Vienna Basin which has approximately 80 mmboe 2P reserves. Drilling approvals and a ready-to-use well site are available, significantly shortening the time frame for drilling once finance is available. + + +**Welchau Gas Prospect** +The Welchau gas prospect is also located within the Upper Austrian acreage and has the best resource estimate of 750 BCF. The prospect is relatively shallow (approximately 2000m) and lies within tie-in distance to the gas pipeline network so it is quick to commercialize. The company is expecting to drill the prospect within 9 months however I am of the belief that it to take closer to 12 months. + + +The Welchau prospect has a relatively high chance of success for drilling given that a previous well in 1989 had successful discoveries in the same reservoir in a small downdip compartment relative to the larger much further up-dip of the Welchau anticline. The 1989 well confirmed gas discoveries in the shallow section by chance when aiming for a 5000 meters oil target. The well produced high-quality condensate rich gas: +\- Maximum test rate of 100,000 Nm³/ day (3.5 mmcf/day) +\- 16 days constant rate of 75,000 Nm³/ day (2.6 mmcf/day) + + +The Welchau prospect is analogous to the large anticlines encountered in Kurdistan and Iraq, which have recoverable reserves estimated in excess of 15 billion barrels of oil equivalent. Much like Mobil with IVZ elephant resource, in the 1990s there was no viable gas market or surrounding infrastructure at the time. Welchau has a potential gas column height in excess of 1000m with a proven column of approx. 400m. The well cost is estimated to be approx. €3 million. + +https://preview.redd.it/8doa0jem1vz91.png?width=962&format=png&auto=webp&s=d9cbe915eea406492110082d68bebf7ba0f20140 + +**Gmunden Geothermal Power Generation Opportunity** +ADX has an agreement with Siemens Energy and RED Drilling to evaluate geothermal power generation in the Upper Austrian basin where there is proven geothermal potential. + + +The Gmunden assessment includes shallower gas targets as well as a deeper geothermal target which is analogous to highly successful geothermal developments in the Munich region. The geothermal potential has been assessed by ADX to be capable of delivering 15 to 20 MW of long-term continuous energy from a two-well development. Geothermal power generation in the appropriate geological setting is capable of providing potentially cheap, constant, and reliable carbon-free energy + +&#x200B; + +**Romania** +ADX has 49.2% ownership in the Parta exploration permit and Iecea Mare production permit in Western Romania. ADX along with their at-the-time partner Parta Energy, began acquiring 3D seismic within the Parta license area however in September 2020 Parta Energy had decided not to proceed with the farm-in transaction. ADX sent a letter to PE stating that the farm-in partner was in default of its obligations under the Farmin Agreement. PE took the view that their obligations under the Farmin Agreement are more akin to the rights of an option holder rather than a farminee and have decided not to proceed with the farm-in. ADX has sought legal council over the issue + +&#x200B; + +https://preview.redd.it/bdgc81up1vz91.png?width=1040&format=png&auto=webp&s=21f3e8a56f384da7aa075ef328f79592c79c3b64 + +In 2020, drilling operations on the Iecea Mica-1 well, which had an estimated 20bcf contingent resource, caused formation damage and required a follow-up acid treatment. The acid treatment cleared some of the cement and subsequent gas flow testing showed that the thin reservoir was still impeded by fluids from the acid treatment. + + +Reabold Resource, the partner owning the remaining % interest in the permit, is still conducting a detailed engineering study to understand the problem as well as see whether the pressure builds over time to achieve a commercial flow rate. + +More recently, ADX has recently begun discussions with farm-in partners for exploration and has received interest in in-fill opportunities in the Iecea Mare permit. + + +**Sicily, Italy** +During the late 2010s, ADX had planned to redevelop the offshore Nilde oil target however in 2018 the Italian government pushed through a moratorium to cease O&G exploration plays in the country. The government wanted to evaluate the suitability of exploration areas for sustainable hydrocarbon exploration and production activities. This ceased ADX’s intentions to progress their redevelopment plans. + +Just recently, ADX was informed by the Italian authorities that under certain conditions the current license suspension would be lifted and that they may grant a license for the offshore exploration of gas if ADX met certain conditions + +ADX has prepared a report on the gas prospectivity of its license and submitted it to the relevant Italian authorities. The report contains a number of gas leads and prospects which are supported by seismic direct hydrocarbon indicators. + +https://preview.redd.it/bfwzurds1vz91.png?width=1136&format=png&auto=webp&s=42ff731657854c3ee7f450e4433b95d28fc5cfdb + +The d 363 C.R-.AX permit sits in 100m water depth just over 60 km from Sicily and comprises the Nilde Oil Field, which previously produced 20.5 million barrels oil in the 1980s, as well as two further oil discoveries Norma-1 and Naila-1, and an exploration inventory of 5 leads. + +The Nilde redevelopment project is estimated to have an initial production rate of 22,000 bopd. In the 2C resource case, the field life is expected to be around 7 years and return an estimated Post Tax NPV10 of $591 million and an IRR of over 110% inclusive of the appraisal costs at an oil price of US$55 per barrel. The breakeven oil price of under $12/bbl. + +https://preview.redd.it/1dy9pzl22vz91.png?width=1084&format=png&auto=webp&s=bc66e0d9b38c36d29f5882e86c89844e218ed3f4 + +**European Gas Market Crisis** +I am sure most of you are well aware of the current European gas so I won’t go too much in-depth about the issue. I will focus mainly on the opportunity that this crisis presents for ADX’s. + +The European natural gas market has seen a 3.5x price increase in 2021 and the TTF (the most liquid natural gas pricing benchmark in Europe) has averaged USD$30 per mcf (USD$180 per barrel of oil equivalent) year to date. The surge in gas price is due to the combination of strong demand recovery (+5.5% in 2021), domestic production constraints (-10% in 2021), reduced pipeline deliveries (-3% in 2021), and low gas storage inventories (15% below 5-year average in September 2021). + +The Ukraine-Russia conflict is putting further stress on an already tight market which has led to significant increases in liquefied natural gas (LNG) imports. Although the current supply networks in Europe are exceeding far below current demand. Europe’s determination to reduce its dependency on Russian gas supplies has been further strengthened by recent natural gas interruptions to Poland and Bulgaria by Gazprom (Russian state-owned company). + +European domestic oil and gas production has seen a decline over the years due to a lack of investment and increasing permitting restrictions however due to Austria’s jurisdiction, ADX has been able to advance the required permits quite quickly. This process would take significantly longer in countries like Germany, UK, Poland. + +ADX is in an opportunistic position given the high European gas prices in conjunction with Anshof-3 coming into production as well as the drilling campaign of the 750bcf Welchau prospect + +**Management** +*Ian Tchacos - Executive Chairman* +Ian is a Petroleum Engineer with over 30 years of experience in corporate development and strategy, petroleum exploration and development, and production. As previous Managing Director of Nexus Energy, Ian was responsible for the company’s development from an onshore $2m micro-cap explorer to a $1.2B company over a 5-year time period + + +*Paul Fink - CEO* +Paul has over 25 years of petroleum exploration and production industry experience in technical and management positions. In 2005 Paul started his own petroleum consultancy working on projects in Romania and as Vice President for Focus Energy, leading their highly successful exploration and development campaign in Western India. Paul was a key team member for the resulting highly successful IPO on the London Stock Exchange (Indus Gas) which lead to a market cap of over £1.5B. + + +**Forward-looking activities** +Austria - Zistersdorf & Gaiselberg Fields +\- Infrastructure upgrades to existing wells to become more productiveUndertake infill well program to unlock further resources +\- Drill deeper into the Flysch Zone to unlock further resources +\- Utilise currently depleted reservoirs for hydrogen storage + +Austria - Upper Australia +\- Bring Anshof-3 into production for cashflow in Q4 2022 +\- Drill Welchau-1 gas exploration well within the next 12 months +\- Drill Oho and Zam prospects +\- Potential for geothermal power generation at the Gmunden prospect + + +Romania +\- Further assessment of Iecea Mica-1 well +\- Obtain Farm-in partners for exploration of Parta permit +\- Opportunity for infill wells at Iecea Mare production permit + + +Sicily, Italy +\- Submit documents to the Italian government to uplift permit suspension +\- If passed, begin an assessment of the exploration campaign at the d 363 C.R-.AX permit + + +**Risks** +*Capital Structure & Expenditure* +Shareholders will likely see further dilution due to the costs of the near-term drilling activities even though the onshore programs are relatively cheap ($3-5m). The company has quite an extensive list of plays however ADX currently does not have enough cash at the bank to swiftly advance their operations though they have stated they are seeking farm-in partners which will reduce their exploration costs. + +It must be stated though that ADX will have boosted cashflows with Anshof-3 coming into production in Q4 2022 with an estimated production of 132 BOEPD. The RAG fields are currently producing 285 BOEPD which brings the total BOEPD to 417 BOEPD in Q4. At current crude oil prices in Europe of US$110 this equates to US$45,870 per day or US$5.5m per quarter however this doesn’t include production expenses. + + +In 2019, ADX’s SOI was 1.4B with the current SOI being 3.5B with further dilution expected.\] + +*Chance of Success with drilling* +As with any exploration play, there is always the risk that a well could be a duster. However, given the pre-existing 3D seismic data plus the previous wells in the region, ADX has adequate data to select the most strategic plays. The Welchau prospect has a relatively high CoS given that a previous well in 1989 had successful discoveries in the same reservoir. + + +*Management team* +Ian and Paul have previously proven themselves at being able to transform small-cap companies into billion-dollar valuations. ADX has had unsuccessful ventures since 2010 albeit the recent Anshof-3 discovery. Whether due to unfortunate circumstances (Italy) or the strategy employed by management, the next 12 months will see whether the board of directors can regain the faith of shareholders and change the course of ADX’s trajectory. + +*Jurisdiction* +Austria has a long and well-established oil and gas industry with supportive government legislation. Italy (Offshore Italy) however presents a high risk given the permit restrictions imposed in 2018 however ADX has recently submitted paperwork for the lifting of these restrictions. + +*Opportunity Cost* +To bring an adequate number of ADX’s assets online will take quite some time which may present a capital opportunity cost for shareholders. However, the Welchau prospect is expected to spud within 12 months. + + +**Personal Remarks** +Given the company’s low market cap of 20M, I would expect ADX’s share price to have a sizeable re-rate if the Welchau gas prospect is successfully drilled. If it were not for this asset, I would have not been interested in investigating ADX further. It is the specific combination of the current high European gas prices coupled with the previous drilling data which increases the CoS that piqued my interest. While 750Bcf (125 mmboe) may seem modest when compared to IVZ’s recent 20Tcf resource upgrade, such a discovery would bring in significant cashflows for ADX, practically ending their cashflow and capital struggles. + + +Bringing the Anshof-3 well into production will contribute further cash flow on the already producing Z&G fields with an estimated BOEPD to be 417. Though, the Z&G fields are heading towards their depletion pressuring ADX to swiftly bring new assets online. + + +With the potential of strengthened cash reserves in the near future, ADX will be able to begin increasing their production asset base by drilling their Oho (20.4 mmboe) and Zam (14.6 mmboe) prospects further increasing their cashflows. There may be further upside for ADX if the uncertainty of their Romanian and Italian prospects is lifted and the company resumes exploration operations in these regions. The Nidle redevelopment project would present a substantial opportunity for ADX’s with an estimated initial production rate of 22,000 bopd and Post Tax NPV10 of $591 million at an oil price of US$55 per barrel. At US$110 per barrel of oil, the company could generate $883,300,000 p.a + + +ADX has also begun the assessment, in partnership with other corporations, of future opportunities in low-carbon energy assets such as Hydrogen storage, Geothermal power generation and solar farms in Austria. Though capital intensive, these opportunities present significant upside for ADX given Europe’s green energy ambitions and could secure the company’s future security. + + +I do expect further shareholder dilution to occur given the capital requirements for the Welchau prospect even if they secure a farm-in partner. The recent capital raising was stated to provide funds to further advance these activities however they were also pegged to be used in other programs. ADX already has high shares on issue being 3.5b and with their market capitalization being so low, in order to raise the capital a large number of shares will need to be issued. Though given the cashflows expected and low capital cost of future exploration wells this could very well be the last time that ADX would need to raise capital. It must be noted that ADX still has 3.1m in debt still needing to be repaid, however. + + +Although the lower carbon energy assets present an opportunistic case, ADX shouldn’t get ahead of itself and lose focus on needing to build up their cashflow base. The Hydrogen pilot plant seems premature given the CAPEX requirements and unproven application in porous reservoirs. ADX is also the smallest fish of the 3 companies operating in Austria and illogical that they will be granted permits first over the other much larger and politically tied companies. + + +ADX has also given no clear strategy to the market in regard to their Romanian assets after the unsuccessful flow testing of their Iecea Mica-1 well. At this moment in time, the well seems like a complete dud. + + +Gaining the reapproval of permits in offshore Sicily, which requires a number of documents including a renewed proof of financial capability with stricter criteria, appears wishing thinking at the moment given ADX’s current financial situation. This could well change in the next 12 months. + + +I will be watching ADX tentatively from the sidelines to see the specifics of the financing structure (farm-in deal & potential capital raising) that they employ for the Welchau prospect. If favorable, then entry may be warranted given the upside potential that this prospect presents. A success at Welchau could pave a new path forward for this unloved company + +&#x200B; + +Shameless plug here... if you liked the stock summary report head over to my Substack newsletter when I post more of these - [https://slackcapital.substack.com/](https://slackcapital.substack.com/) +Basically I was looking to have a chat on a few topics, pick your poison. + +1.does anybody read the financial review, particularly the weekend one, asking for a mate. + +2. Is anybody earning just on a salary bracket amount and because of this you add extra money into super to reduce your tax bracket. + +3. Does anyone have anything like Qsuper (self invest) where you can manage and pick stocks in the top 300 (mkt cap) + +4. Does anyone constantly just save $500 and buy a random penny stock, in the same way of buying lotto tickets, you might hit it big. +Hi guys, interested in renewable energy and believe there is future growth to be had. A friend suggested GNX and I am comparing it to NEW. + +Does anyone have any thoughts between the two? Is there a different player I should also add to comparisons? + +\- Both seem to have fairly positive and high growth predictions over the next 5 years + +\- GNX shares were recently diluted, there appears to have been a bit of insider selling + +\- NEW has lower price volatility + +\- Both companies are currently unprofitable. NEW is debt free according to a Simply Wall St analysis, whereas GNX debt to equity is 1782% + +\- NEW offers a dividend + +These are just the things I'm looking at via Simply Wall St, still a newb so would appreciate any thoughts around these figures +There’s a lot of back and forth about volatility decay ect and that the BB’s are only good for holding for a short period. + +If the market were to drop 30% slowly over the next 12mths would these ETFs still have lost too much value through decay to make it worth it? +KLL was my sweetheart. I rode it during the purge and she fucked me by doing sweet fuck all. And she continued to do this until I had to sell her and find other stocks to play with. But I always knew I'd be back. So here's the story: + + +Management messed up and blew the budget a while back which saw shareprice go from 50c to 17c. And then I bought in at 17c which caused it to go to 14c. It hovered in the 14/15c range for ages and I couldn't take it anymore so i sold at 14.5c. + + +I was always going to come back as it got closer to end of year as that's when the plant supposed to be completed and production to start. + + +Head honcho took the fall and management has done everything possible to derisk the project. But price didn't move because holders still hurting from the blowout. They wanted to see the project closer to completion and on budget this time. + + +Well it seems theyve delivered and confidence is back as share price has finally broken resistance. In fact, KLL has already sold the first 10 tonnes of product (or is it $10million worth, I can't find it, someone correct me). + + +Further info, stolen from someone else's DD: + + +Highest grade potash mine that is 75% of the size of SO4 ($275M) where KLL is $150M where it should be $205M so share price (18c) still has at least 7c (39%) to go before it reaches fair value of 25c. But once construction is finished and producing holders are expecting to be back at 50c before end of year. +Aiming for production in December + + +Let's get itttt! + + +Disclosure, I'm back in at 18c today. Also, don't listen to me cos I'm a newb. Dyor and don't send me messages blaming me if you lose your mortgage money. +How does one answer this question in light of what covid has done to the average investor mindset? I'm curious to hear positions on this. Is it worth accumulating a strong cash position and trying to secure the goose that lays the golden egg, or is rolling cash into investments over a long period of time more beneficial? +Basically I was looking to have a chat on a few topics, pick your poison. + +1.does anybody read the financial review, particularly the weekend one, asking for a mate. + +2. Is anybody earning just on a salary bracket amount and because of this you add extra money into super to reduce your tax bracket. + +3. Does anyone have anything like Qsuper (self invest) where you can manage and pick stocks in the top 300 (mkt cap) + +4. Does anyone constantly just save $500 and buy a random penny stock, in the same way of buying lotto tickets, you might hit it big. +**Many crises were due to a fall in aggregate demand (low spending). But the thing is everyone in society likes to consume and wants to consume as much as possible and always more.** + +Spending should be a really good thing. People satisfy their needs while also supporting the economy. Low spending is bad because people don't satisfy their needs as much while also causing economic problems. In theory, it should be in everyone's interest to consume and spend. So why do falls in aggregate demand happen? +https://www.aljazeera.com/opinions/2021/5/6/rich-countries-drained-152tn-from-the-global-south-since-1960 + +His claims: + +1. "We have long known that **the industrial rise of rich countries depended on extraction from the global South during the colonial era**". + +I'm surprised that ^ is accepted as a stylised fact. Is it? + +The Global Norf means (as per Hickel et al) the US, Canada, Australia, New Zealand, Israel, Japan, Korea and the rich economies of Europe: + +2. "Over the whole period from 1960 to today, the drain totalled $62 trillion in real terms". + +3. "If this value had been retained by the South and contributed to Southern growth, tracking with the South’s growth rates over this period, it would be worth $152 trillion today". + +4. Today, the global North drains from the South commodities worth $2.2 trillion per year, in Northern prices. For perspective, that amount of money would be enough to end extreme poverty, globally, fifteen times over. + +These are some not insignificant figures. Are they sound? +Hi everyone, + +This might be a very dumb question and I might be seriously misunderstanding something, but when a bank makes a loan, how do they not effectively just make the amount of money that the loan if for? If I understand this correctly (which maybe I don't), when a bank makes a loan, they just record the amount of the loan in the account of the borrower (as a liability), and the loan itself as an asset. Thus they have created currency equal to the amount of the loan. The thing I don't understand is how the bank doesn't just effectively make that money. + +For example, if I take out a $100,000 loan, the bank just credits my account for 100,000 in money that isn't being transferred from anywhere: money that didn't previously exist. If I were to then go and immediately pay back my loan, didn't the bank just make $100,000? What am I missing? + +Thanks in advance! +Hello + +I recently stumbled on this website [here](http://politicsthatwork.com/blog/which-party-is-better-for-the-economy.php) that alleges that the Democratic Party is better for the economy. Unlike most partisan websites they do seem to employ credible data from reputable organizations, however, I would be interested in getting an opinion from you guys. + +Thanks +Hi all, I was reading a story about how a law in France, I believe, was passed that required restaurants to donate excess food at the end of the day to combat food waste, instead of just dumping it all in the trash. + +I'm sure some businesses actually do donate their unsold products, but I'd already heard a great deal of people asking about why businesses, like restaurants for example, do things like this. Someone inevitably points out that if people could reasonably expect a restaurant to donate/give away unsold food, many people would just stop buying the food altogether, waiting for the inevitable donation, which would presumably put a huge hurt on those business owners. + +This obviously goes outside food into other consumer industries (I know Gibson Guitars will rip imperfect instruments down the middle and store the remnants in a security-guarded dumpster, for example), and the above premise seems to make sense to me. But I'm just curious as to how this behavior lines up with economic thought. + +Is there any economic theory that gives a good explanation for why business owners do something like this, or one that might explain why it might be a bad idea? + +Thanks! +Sorry if this is a silly question (hypothetical stuff), but what would happen? Do most proponents of this kind of action wish to abolish it without replacing it with another institution? What would be our options at that point? + +Thanks. +I think that I've missed some subtlety about how externalities are defined. Usually, the definition given is, "A cost or benefit that affects a party who did not choose to incur that cost or benefit." I think that either this definition can't be quite right because it encompasses many more things that what typically get called externalities, or alternatively externalities must be a fundamental part of all economic activity (and not merely an unusual byproduct that they are often portrayed as). + +The typical example of a negative externality is something like pollution, and that is totally clear. Two people trade electricity for money, some pollution is created in the process that makes me, a third party, sick. I've now lost some utility as a result of a trade I had nothing to do with. Simple enough. + +But, in [this thread](https://www.reddit.com/r/badeconomics/comments/4i6jau/i_dont_understand_pigouvian_taxes_but_im_outraged/d2virg9) on /r/BadEconomics it was argued that smoking causes a negative externality because it makes some future workers less productive (they're sick or dead when they could be working), and I'm really uncertain as to whether this 'counts' as an externality or not. Setting aside issues about public subsidy of healthcare, when a worker becomes less productive than they would be otherwise, I think that the labor supply curve of that worker should be shifting to the left. At every price, they can now provide fewer standard units of labor. I think this implies that output falls minutely, and prices rise minutely, and on net we're slightly worse off (the total surplus has decreased slightly). Is this really an externality though? + +The reason to think it's maybe not an externality is that the worker's becoming less productive did not directly impose any costs on anyone else. Instead, it caused the market equilibrium to shift, everyone changed their behavior, and in aggregate we're worse off than we were previously. This is kind of a subtle distinction, and I'm not sure whether it exists in the literature or if it holds up under scrutiny. + +If this IS an externality, then it seems to me, as I said in the other thread, that ALL economic activity causes externalities. We all have preferences, and those preferences are reflected in our demand and supply schedules for various goods. For every one of our preferences, there are people who are worse off than if we didn't exist; we seem to be imposing externalities on people merely by existing. Whether our existence is a net positive or negative externality or our preferences are socially optimal then depends upon a very complicated calculation of the costs and benefits to everyone else. It feels to me like there's something deeply wrong with this view, not that it's necessarily incorrect, but that calling these types of things externalities can't be what economists mean when they use the word "externality." + +So, what have I got mixed up here? Or, is my seeming absurd conclusion justifiable? +As the title says. I heard this from a man with a masters in economics so is it just a opinion? Is it a fact? sources, reading material and credentials appreciated. +What is your opinion on this article that talks about declining bargaining power as the main reason behind stagnant wages? Also, what are alternative explanations for stagnant wages in the US? Skill-biased technological changes? + +https://www.theguardian.com/commentisfree/2018/jul/29/us-economy-workers-paycheck-robert-reich + + +The internet brought about higher competition across the board, and lowered prices across the board generally speaking. To a consumer, that is obviously a good thing, but would the Central banks really rather inflate their own currency so these effects aren't felt by consumers? +Hi! Current junior in highschool here. I became interested in econ last summer after reading *The Intelligent Investor*, *Freakonomics* and *A Random Walk Down Wallstreet*. The authors for all three of the books have Ivy League/MIT educations. Now, I'm doing well in school and have competitive test scores for the ivy league but nowadays its a crapshoot and acceptance is no guarantee for any applicant so the probability of me getting in is slim to none. + +I'm well-aware that Ivies have incredible networking opportunities and name-recognition, especially in the field on economics (Harvard, Penn and MIT especially) and I have yet to find an established economist, Peace Prize winner or the like that doesn't have a Ivy-esque education. Do Ivies truly give people in the econ field that much of a leg up against their competitors? The 2 best schools near me (Emory & UGA) don't have any notable alumni in the econ field. +What would happen if taxes on winnings (such as lotteries, game show winnings, giveaways, etc.) were suddenly halted? What would happen to the economy (besides less money for the government of course)? +Before the 2008 recession, the employment ratio peaked at about 63.3%. It dipped all the way down to 58.2% after the recession. It has now risen back to about 60.7%, which is only half way to 63.3%. + +Given the current extremely low unemployment rate, why is the employment ratio still so low? We constantly hear about how hard it has become to find workers, as evidence by the low unemployment rate. But it seems like a lot of people are unwilling to rejoin the workforce. What are some of the underlying reasons for this? Are the jobs not attractive enough? Do they require skill sets that are in shortage? + +The St Louis Fed website has a nice interactive plot of the employment ratio: https://fred.stlouisfed.org/series/EMRATIO +Hi there, + +I'm currently studying economic history, and part of the curriculum is reading some books written in english, which is not my native tongue. All is well though, except that I sometimes run into words or phrases which I can't quite understand, and the term "rent-seeking" is one of them. + +In the wikipedia article of economic rent it reads: + +*In economics, economic rent is any payment (in the context of a market transaction) to the owner of a factor of production in excess of the cost needed to bring that factor into production. In classical economics, economic rent is any payment made (including imputed value) or benefit received for non-produced inputs such as location (land) and for assets formed by creating official privilege over natural opportunities (e.g., patents). In the moral economy of neoclassical economics, economic rent includes income gained by labor or state beneficiaries of other "contrived" (assuming the market is natural, and does not come about by state and social contrivance) exclusivity, such as labor guilds and unofficial corruption.* + +[https://en.wikipedia.org/wiki/Economic\_rent](https://en.wikipedia.org/wiki/Economic_rent) + +Unfortunately I still have trouble understanding why we use the word "rent" to explain this phenomenon. Isn't the above described output of production factors merely **profit**? The word "rent" as we use it in every day to explain return on loans is a form of profit, of course, but that isn't the same thing which is described above. Rent on loan is hardly a damaging and corrupt phenomena, as "economic rent" is. + +Do they mean that "profit" in the form of rent on loan is seen as unproductive and corrupt, which was the view of rent on loan of money for large portions of human history in many (most?) civilizations? + +What is the etymology of rent anyway? What does it mean? When rent-seeking is so clearly bad and undesired, and rent on loan is naturally considered to be rational and moral (for most people), I just don't understand the choice of words. + +Cheers! +So a little context before the question: + +I work at a restaurant. Currently shutdown because they're not profitable with limited occupancy and liquor regulation, in theory. I've argued that they don't need to be profitable, they just need to be \*more profitable\* than if they were closed entirely. Loss mitigation and all that. + +I got to thinking: If we opened, and made \*precisely as much money being open as if we were closed\*, after expenses and taxes, we should ABSOLUTELY do it. Because the restaurant's net profit/expense may not change, but suddenly every employee we choose to bring back would be taken care of, free from leaning entirely on unemployment. + +When considering the money an owner pays himself, or even employed family, it is viewed in the end, even if not on paper, as profit. Or at a minimum, not an expense. Even with the understanding that it needs to be listed in the books as such. + +**So that begs the question: In a world where a company has any consideration for the well-being of their employees, how is labor an objective expense?** + +**Is there any economic discourse in regards to viewing labor costs as.. net zero? Or at least under something other than the conventional "cost" models of employing someone?** + + +(Gave an example with actual numbers below. Hopefully it makes more sense than raw hypotheticals.[https://www.reddit.com/r/AskEconomics/comments/irxxi1/labor\_as\_an\_expense/g55u3x5?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/AskEconomics/comments/irxxi1/labor_as_an_expense/g55u3x5?utm_source=share&utm_medium=web2x&context=3)) +NAFTA's been a campaign issue this cycle, so I thought I'd ask about it. Generally my understanding is that basically every one agrees it was a good thing; I'm hardly qualified to have an opinion myself, as the whole the whole question is over my head. That said, I've also heard a bit about the opposition to it and I was wondering if anyone would be willing to address it. My background in economics is minimal, but I've had basic micro and macro so I can follow that much. + +Generally, there are gains from trade, but NAFTA's a more complicated agreement than just trade. Honestly I'm not even fully familiar with all of the details, but most obviously, the agreement also affects immigration. If there are more relevant details, please feel free to bring them up. + +As for the opposition, what I have heard is that agreements like NAFTA, that encourage a free flow of labor, only make sense if every member to it either has or does not have a welfare state. I realize this is pretty vague, but it's what I've heard--if there are more sophisticated, or popular arguments against it that you are aware of, please feel free to introduce them and either argue for or against them. +Suppose you live in a country that's notoriously known not to be transparent (for this discussion's sake, let's say that it's a third world country where independent institutions are non existent) and you suspect that the numbers they report on the state of the economy is misleading and doesn't really represent the reality on the ground. What can one do individually to get some sort of general, if not accurate, idea of what the true state of the economy might be? If you can recommend previous cases of this being done for me to read, I would greatly appreciate it. Cheers! +Whilst checking out the reviews for *Free Trade and Prosperity* on Amazon I saw Ian Fletcher's [negative review](https://www.amazon.com/Free-Trade-Prosperity-Developing-Countries/dp/0190914491/ref=sr_1_2?dchild=1&qid=1609850989&refinements=p_27%3AARVIND+PANAGARIYA&s=books&sr=1-2&text=ARVIND+PANAGARIYA) and I'm curious it has any credence + +Fletcher's seems to be among the minority of economists that dispute Free Trade as a benefit and has written some articles and books on the topic, should his work be taken seriously? +TLTR: I don't like exclusively axiomatic approach of studying microeconomics. Where to read about empirical results? + +Hello everyone, + +I've been studying economics on a grad level for the last year, and one thing that really pisses me off about microeconomics (and economics in general too) is a really small amount of empirical results provided in micro textbooks. IIRC there're a couple of references in the beginning of Mas-Colell, but that's basically it. It seems to me that micro is just an axiomatic theory with little to no empirics. + +As a person with a background in physics, I don't agree with such approach of exploring reality. Mathematical models are only useful if they help to explain experimental data, otherwise there's literally no point in them. When you study physics, you are obliged to conduct experiments and to analyze data with your own hands. This is done in order to no student has a doubt in theories they study. I wish something similar was done in my economics education, but it's not the case, unfortunately. I understand that it would be probably not practical and too expensive, but why don't microeconomic books at least provide empirical results for theories they describe? + +Microeconomics, as far as I know now, is built on an axiom of rational preferences, and later on a game theory. But do we really need all these theories to derive results of microeconomic analysis? Take, for example, Spencer's signaling theory: qualitatively, it can be deducted and explained with zero economic terminology. But the analysis provides quantitative rather than qualitative result. Was it ever tested on data? If not, then what's the point of this quantitative result? Same applies for pretty much any microeconomic model - where are all empirical tests? + +I understand that my questions are too broad to answer, maybe you can recommend some relevant books or articles? + +Thank you! +Hi all, + +I've often read, or seen in the news that for countries in the midst of a crisis, especially an economic one, "not having foreign currency" is always a big problem. + + +I've often wondered about why that is, but haven't been able to make sense of it, except that it may be important for countries having weak currencies, or being heavily reliant on importing goods/services? + +[This](https://www.bbc.com/news/world-middle-east-58856914) BBC article again raised the question for me. + +The quote in question: "A lack of foreign currency meanwhile has made it hard to pay overseas energy suppliers." +So I’ve been wondering how black friday – and days like it – influence the mechanisms of the economy (or perhaps the free market would be a better word to use). + +I am by no means a econ major, but it seems to me that sales like black friday must impear the market as a mechanism for distributing goods by increasing profits for sellers, and such in the total picture disadvatage the buyers(who the markets task is to distribute goods to as efficently as possible) + +So how is events like black friday seen to affect the market in distributing goods to consumers? Is it generally seen as creating inneficiencies in the market/economy, or does it in the end benefit the consumers by bettering the distribution of goods? +here [https://www.theguardian.com/education/2002/dec/20/highereducation.uk1](https://www.theguardian.com/education/2002/dec/20/highereducation.uk1) and in his nobel lecture Stiglitz says that a thing such as the invisible hand does not exist, as markets are in reality remarkably inneficient. Is this considered to be true among economists, or are markets relatively efficient? +I should clarify. The goal of a business in general is to turn a profit. Our economy works because in order to do that, that business must employ people to produce a product or perform a service. If the goal of a business is to be efficient, the fewer people it will attempt to employ. Is there a point (and I'll sound a bit like a Luddite here) that technology makes business so efficient as to render the majority of the workforce unnecessary? If so, what is to be done with the workforce? I find pure welfare and violent revolution both to be quite distasteful options. +So we all know that politicians and government can be corrupt and get away with it, we also know that the Federal Reserve *can't* be corrupt or else we would know. + +So I wanted to know what makes the Federal Reserve an infallible system and what can we do to make the government and politicians incorruptible as well? +I recently heard someone say that money derives its value from the fact that you can pay your taxes with it, which sounds absurd to me, because I don't think that if the government or taxes went away tomorrow we would suddenly (or even over time) regard money as valueless and go back to bartering. + +Is there any truth to this view? +Given that worker co-ops bring higher wages and increased job stability do you think we should mandate every company as one? If you include a public ownership, worker codetermination, worker snd independent unions would a worker owned economy work in the US? +Of course if the governments just gives away money for free to everyone it will cause inflation, I get that, but what if the government instead uses it to, let's say, build factories, infrastructure and other kinds of investments that would increase productivity? + +&#x200B; + +(for the ease of the argument, let's assume that the government doesn't need to import any stuff from other countries with different currencies) + +&#x200B; + +Also, you can partly regain the money spent on salaries by taxation, no? +Here's the paper: + +[https://www.federalreserve.gov/econres/feds/files/2021062pap.pdf](https://www.federalreserve.gov/econres/feds/files/2021062pap.pdf) + +Here are the main assertions: + +>Mainstream economics is replete with ideas that “everyone knows” to be true, but that are actually arrant nonsense. +> +>For example, “everyone knows” that: +> +>• Aggregate production functions (and aggregate measures of the capital stock) provide a good way to characterize the economy’s supply side; +> +>• Over a sufficiently long span—specifically, one that allows necessary price adjustments to be made—the economy will return to a state of full market clearing; and, +> +>• The theory of household choice provides a solid justification for downward-sloping market demand curves. None of these propositions has any sort of empirical foundation; moreover, each one turns out to be seriously deficient on theoretical grounds + +And notice the second footnote: + +>"I leave aside the deeper concern that the primary role of mainstream economics in our society is to provide an apologetics for a criminally oppressive, unsustainable, and unjust social order" + +I'm asking because it seems this sort of accusations are often levelled by "heterodox" people but this is a federal reserve economist who I assume is respected. +I keep hearing from conservative commentators that single family homes are the breeding ground for all US problems. Is there any economic data to support or debunk this? +I just looked up some data on the gross domestic products of several European nations and all of them see a sharp decline starting in 2014. I live in the Netherlands and I've heard nothing but positivity regarding the economy. Is it because of the sanctions against Russia which limit the amount of cheap gas coming in to Europe? +In a recent thread there was a comment saying that poor countries can grow at a pace that rich countries can only dream of. From what I've read this is true but why is that? + +What stops the US from having a GDP growth rate of 10% considering we have the capacity to do such a thing? +I live in Illinois, where the congress recently passed the 15 dollar minimum wage. The governor will most likely veto this, but it has me wondering. + +Illinois is fairly polarized when it comes to the standard of living. With Chicago in the north, and the more agrarian towns in the central and south. So the standard of living is different all around. So, wouldn't a system where the minimum wage and the living wage make more sense? It would need updated quarterly at best, yearly is more likely however, but wouldn't this be more effective than constantly needing to update the wage? +This is not the time to hate movies or talk trash about popcorn or anything of the sort. + +If this movie takes off this weekend it’ll be huge for GameStop, not only is it bullish for the company to become a top making movie this weekend it shows the fan base and investors are tried and true. No Flops when it comes to GameStop. + +Cheers everyone! +$DPLS DarkPulse technologies has been building up over the past couple of years after being taken a new direction by CEO Dennis O’ Leary. (He’s very active on Twitter) they have acquired several companies this year, the largest being Optilan, a UK based infrastructure security and monitoring company that is one of the largest in the region with over 200 employees. + +DarkPulse itself is the owner of a patented fiber optic sensing system that is more precise than ones available by other manufacturers and utilities it’s patented BOTDA tech (Patent: US7245790B2) The system is designed to not only be more accurate in detecting structural failure than any other system out there but is also designed to be easily integrated into construction projects already underway or even completed structures. One of the most impressive news about the system is a partnership with Arizona State University to research how it can be used in rock bolts in mines to increase safety by detecting stresses. + +Other acquisitions by the company have been aimed at creating a complete suite of solutions that can be used to monitor pipelines, buildings, bridges, and other structures. DarkPulse owns TerraData Unmanned, a drone company that produces monitoring drones to be used in tangent with the sensing systems to provide a live feed of possible failures. The best use of this which is showcased often is on pipelines (the fiber optics system detects a leak, the drone goes to survey the spill by reporting to where the system identified it , and the the pipeline owners can take it from there. + +It’s worth mentioning that just today a TerraData drone in development achieved a one hour (and 3 minute) flight time which is double the industry average of 30 minutes. + +There’s a lot more about this company than I’m currently willing to write about so I’d suggest you take a look at the DarkPulse Twitter(@DarkPulseTech), The CEO’s twitter (@DennisMOLeary), the DarkPulse website, the Optilan website, and the DPLS subreddit. + +Thanks for reading! do your DD as always. +Triggered by the case of u/safelyoptimized, I decided to analyze top contributors of this month. First of all, you might want to vote in the poll linked below to remove u/safelyoptimized from Moon distribution if you haven’t done so yet: + +[https://www.reddit.com/r/CryptoCurrency/comments/p07v03/emergency\_proposal\_exclude\_user\_from\_moon/](https://www.reddit.com/r/CryptoCurrency/comments/p07v03/emergency_proposal_exclude_user_from_moon/) + +**As many as 16 redditors reached the limit of 15 000 karma in the last cycle (July 7 – August 4):** + +u/ultron290196 + +Reddit allows to check only the last 1000 comments. And since ultron290196 has written more than 1000 comments, the last one I could check was from July 24. I guess we can safely assume ultron290196 wrote more than 2k comments. + +One of those comments was: BTC dumps to 30k in one day: Manipulation! BTC pumps to 40k in one hour: Natural Progression! Which earned him 112 upvotes ([https://www.reddit.com/r/CryptoCurrency/comments/oro9dv/bitcoin\_just\_touched\_40k\_from\_the\_mid\_35k\_range/h6jehdo/?utm\_source=reddit&utm\_medium=web2x&context=3](https://www.reddit.com/r/CryptoCurrency/comments/oro9dv/bitcoin_just_touched_40k_from_the_mid_35k_range/h6jehdo/?utm_source=reddit&utm_medium=web2x&context=3) ) + +Ultron was so proud of this comment that he shared it one more time, adding a sentence from another user:([https://www.reddit.com/r/CryptoCurrency/comments/oro9dv/bitcoin\_just\_touched\_40k\_from\_the\_mid\_35k\_range/h6jejn4/?utm\_source=reddit&utm\_medium=web2x&context=3](https://www.reddit.com/r/CryptoCurrency/comments/oro9dv/bitcoin_just_touched_40k_from_the_mid_35k_range/h6jejn4/?utm_source=reddit&utm_medium=web2x&context=3) ) + +and then also made it into his most successful post with almost 3k upvotes: ([https://www.reddit.com/r/CryptoCurrency/comments/orrp9c/btc\_dumps\_to\_30k\_in\_one\_day\_manipulation\_btc/](https://www.reddit.com/r/CryptoCurrency/comments/orrp9c/btc_dumps_to_30k_in_one_day_manipulation_btc/) ) + +99.9% of ultron’s comments are on r/cryptocurrency or connected subs (memes, meta) and the great majority of them are very short comments trying to be funny or fit in with subreddit’s sentiment (this is characteristic also for all the other redditors who managed to reach the karma limit). What I have to admit is that ultron, although his comments aren’t groundbreaking or controversial in any way, is rather creative and - except for the example above - he doesn’t repeat his comments (at least not word for word). He also doesn’t hide the fact he’s an Indian moon farmer. + +His highest comment score was 364. 9 of his comments managed to get more than 100 upvotes. Haven’t seen him going below -1. Most of the comments are in 1-2 range (this is also characteristic for all the others). + +As for the posts – it’s similar. Most of them are his opinions in which he tries to relate to other members of the community and get those upvotes – most of the time he fails but there are a couple of posts that were pretty successful. But Ultron, as a professional moon farmer, knows that ~~money is~~ Moons are made in the comment section. + +u/WackyMister + +WackyMister is also aware that Moons are made in the comment section so he didn’t bother with creating any posts. + +Unfortunately, as in the case of Ultron, WackyMister has written so many comments, that the oldest comment I could check is from… August 4. Yes, he wrote more than 1k comments in 4 days. + +This is moon farming at its purest/dirtiest. The comments longer than a couple of words are as rare as people who are “in it for the tech, not for the money”. This is best illustrated by the fact that only 3 of Wacky’s comments managed to receive more than 100 upvotes (top score: 348). + +u/Too_raw90 + +Created 3 posts, got only 4-11 upvotes, so went all in into comments. + +He's just like Wacky: full moon farming mode is enabled. Massive number of very short comments of rather low quality and only 4 of them managed to receive more than 100 upvotes (top score: 226). + +u/jasonluxton + +He started the month by posting a lot but probably later realized that it pays better to focus on comments. Out of 26 posts, which are mostly news or pretty useful tips/reminders (how) to stay safe, 7 were successful and received more than 100 upvotes (1 of them even broke the barrier of 1000 and another one was pretty close). + +Unfortunately, when it comes to the quality of jasonluxton’s comments, it doesn’t look as good (most of the comments in 1-2 upvotes range, top score of only 168). Again, these are short, rather low effort, plenty of GIFs. But at least he doesn’t seem to be spamming as much as the two guys above (which, of course, doesn't mean he isn't a spammer ;-). + +What I like about this guy is the fact that he seems to have a life outside of r/cc on Reddit – he’s active in psx and amiga subreddits. + +u/HanditoSupreme + +Only two (unsuccessful) posts. But plenty of comments. Most of them short and low effort (and unsuccessful). But there are some exceptions. The comment history looks pretty good compared to WackyMsiter or Too-raw90. But it’s still 99% moon farming. 7 comments managed to receive 100 upvotes or more with the top one scoring 321 points. + +u/Soupapinho + +When it comes to posts, it’s (surprise!) quality over quantity – 3 posts and 2 of them very successful. But when it comes to comments it’s (no surprise) the other way around. It’s enough to say that Soupapinho highest rated comment, despite all the spam, got only 28 upvotes. He likes to post lots of GIFs. + +**Accomplished-Design7** + +This guy is a full time farmer it seems – he’s not only active in r/CryptoCurrency, but also in r/FortNiteBR (that’s where you can farm Bricks, right?). + +When it come to posts, he made around 50 of them, including 8 with more than 100 upvotes (2 of them extremely successful – 900+ and 1 800+ upvotes and plenty of awards) . + +When it comes to comments, he struck gold with commenting on the mistake made in the title of one of the most upvoted posts in the history of the subreddit and received more than 1.1k upvotes for this comment (and 318 for another in the same post). Other than that, it’s typical moon farming but 6 other comments of his received more than 100 upvotes. + +u/pmbuttsonly + +20 posts, mostly news, 3 of them reached more than 100 upvotes (145-403 points). + +Comments? No surprise – spam of mostly short, one-sentence (or even word word/letter) comments. But probably not as severe as in the case of some other farmers. Also – many successful comments which scored 1.3k, 657, 572, 422, 368 and 143 points. Definitely the most impressive “portfolio” so far. + +u/Ndivided132 + +Now, here we have a guy who did something useful – he’s the one responsible for the governance poll that allows us to tip up to 100 Moons without losing the 20% bonus. So, maybe he's the first guy who managed to reach the limit without farming? Let’s see the comments. + +Nope, he IS a farmer – spam, GIFs, short replies. Top comment with only 31 upvotes (and it’s a GIF). + +u/Tenma_Hito + +Only 3 posts, none of them successful. + +When it comes to comments, Tenma isn’t different from all the others – lots of them. And still – only 3 with a count above 100 upvotes. + +u/Norbit11 + +Calls herself a “degenerate Moon farmer”. Aptly so? + +Let’s see – only one post in r/cc (didn’t catch on) but very active in other subs (F1 fan). Doesn't look like a degenerate moon farmer so far. Let’s see the comments. + +Oh, yes. A truly degenerated moon farmer. And a Daily Discussion one. Therefore, her top comment earned her as few as 18 points. + +Pretty active in r/ccmeta but still the title of a degenerate moon farmer seems to be apt. + +u/step11234 + +3 posts, 2 of them of comedic nature. Only one with more than 100 upvotes. Seems to be active in many other subs, at least when it comes to posting. Because when it comes to commenting, it’s no surprise that step11234 floods the r/cc sub. 9 comments above the 100 upvotes mark. Top one with 403 points. + +u/bobloblawTheFirst + +Joined in the beginning of May 2021. Hasn’t posted anything. And also when it comes to comments, Bob didn’t spam as much as the others – I was able to go back as far as the beginning of the distribution cycle (July 7) in his comment history! This was impossible in the case of other users. This, of course, doesn’t mean bob didn’t farm. He did. But with more moderation, it seems. His 1.2k+ upvotes comment on July 17, followed shortly by three 200+ comments, made him hit the jackpot and probably allowed to relax and cut the spam. Or maybe he’s the perfect shitposters you should look up to if you want to become one? He made 6 more comments which scored more than 100 points. + +u/fitbhai + +Posts a loooot. But mostly for Donuts(?) on r/ethtrader. From 31 posts he made on r/cc, only 3 were able to get circa 100 upvotes. 3 comments with more than 200 points (267 being the top one), 5 with more than 100. Short, even very short comemnts, lots of GIFs, lots of spam. 100% farmer, like all the others. + +**The conclusion** is something we already knew: the best way to farm Moons is to be funny (quality shitposting/commenting). But if you’re not that funny you still have a chance – spam the hell out of the sub and keep trying. Even if 1 in 100 of your comments catches on, if you write more than 1000 of them, you still have a chance to be handsomely rewarded. + +PS. Yes, this is what I spent my Sunday on. + +EDIT: I know that most of you guys are adults and don't need this edit but I just wanted to say that this post wasn't meant to attack anyone personally. As much as we might not like the fact that someone writes so many comments - as long as those comments aren't copied/stolen/recycled over and over - we should also appreciate the creativity and devotion of those guys. They also showed good humor about the whole thing in the comments below (well, how could they pass up such an opportunity ;-) ) so kudos to them and the most important thing is - **they don't break any rules. Hate the game, not the players.** + +Thanks for all the nice comments! +Basically, I just want to get my finances in order - spend wisely, have some control and save more money. + +I’ve been reading about all these apps that supposedly do that, but there are A LOT of them that it’s overwhelming to choose which one to use. I’m even confused about how these companies are different from others because the messages on their websites are very similar. Plum, Chip, Money Dashboard, YNAB, Emma, Moneyhub, etc + +Do you use any of these fintech apps and do they actually help you become better at money management? Do they live up to their claims? How different is your life with or without it? + +Another thing... With regards to how I "manage" my money now, I’d just save a portion when I get my salary and live off the rest. However, there are times when I have to transfer money out of my savings due to unexpected expenses and it throws my whole budget/plan out of sync. I’d want to be prepared not just for the upcoming month or until the next payday, I’d like to know what happens to my money three months, one year down the line with the rate I’m saving at (which is not consistent). +Really hoping this is a fundamental error on my part and could use some help.. I've been doing my taxes for several years without issue. Last year I traded a bunch, and after tallying up my 1099 and including my income, it's saying I owe 53k! + +&#x200B; + +**In E-trade, it claims my Net Gain for all 2021 trades is $123,785.09 but my Deferred Loss is $(150,812.57).** This didn't make sense, as my net realized gain for the year is truly -27,027.48 across all stocks included in these trades were settled in H1 of 2021**.** Looking deeper into my 1099, it has counted the -150k as "Disallowed Wash Sales" because of the frequent re-buying/selling within the 30 day window. + +Why would it be dis-allowing these realized losses when in reality I truly realized **-**27k? Why would my 1099 say I have to disallow the $150k in losses but recognize 123k in "gains"? + +&#x200B; + +What am I doing wrong here? +Edited -- found an answer, still welcome any advice + + +I am not an accountant. I help my 70+ yo parents each year with their taxes. TBH -- it's super straight forward, they live off SS and my mom's one job at a drugstore. However, my mother does have a small 401K that because she is over 70.5, she is required to take the minimum disbursement. + +In 2020 - the holder of the 401K changed, and it appears her disbursement was never sent. Does this mean she has to pay a penalty? Any advice on where to figure out how to handle this is appreciated. We're going to call the financial company on Monday - but trying to research too. Thanks! + +Edited to add: I just found an article that [RMDs were suspended in 2020 through the stimulus package](https://www.investopedia.com/articles/retirement/05/011005.asp). Leaving this up in case it helps someone else. +I have a friend at work who has been at our company for more than 10 years. I don't know his age, probably late '50s. Even though he's a great worker and people love him around the office, the new department head saw him as dead weight. She hired a director to oversee him and the rest of his team. Over time, the new director started taking more of my friend's responsibilities and even went to meetings in place of my friend. + +A few days ago, for the first time ever, my friend is sitting at his desk doing absolutely nothing while everyone else is busy. He's being kept out of the loop on all upcoming projects. The new director effectively replaced him and this took him by surprise. He went to complain to his director's boss but nothing came out of it. + +I think my friend's days are numbered, even though he didn't do anything wrong. He does good work, but just not in the eyes of the new department head. My friend's sweating bullets right now because he has a lot of debt and really can't be out of work. Of course it goes without saying that he would be better off if he saved enough to give him a financial cushion now, but he didn't. + +This just blindsided him because he does good work and always gotten good yearly reviews. He never thought his job would be taken away from him. + +Moral of the story, save up for FIRE/FU money, even though you love your job, do good work and never think you would ever get the axe. +I think Franklin is an excellent case study in the power of FI. Not saying you have to be a "founding father" to be a success story, but this is a case where FI really helped society. Not working = more time for his science, involvement in politics and writing. + +This is an inspiration to me. + +Are there any other cases like this? +I am interested in hearing your story of how you started day trading and became successful. + +I am a new trader with about $100 in my account for now until I can find a great strategy. My dream is to become a full time day trader. +I am coming to the realization that in the future I will likely be supporting my parents and it is freaking me out. + +Backstory on me: I am 36 with a great husband and 2 teenagers. Me and my husband have great careers and are financially secure. We are very good with our money and have done a good job planning for our families future. + +My parents: They have struggled my whole life with money and have never been good with their money. They are getting older and are not prepared for the future. Things seem to be getting worse for them financially. They have gotten desperate recently and against my advice pulled money out of their retirement to stay afloat. They seem to have gotten things back on track but still living pay check to pay check like usual. Not like they have a lot of options but still what I would consider irresponsible with the little money they do have. + +Now my fear is that due to their poor decisions and lack of planning I will end up taking care of them. Please understand I’m not trying to sound like some kind of entitled bratty child. It’s just that my family has worked very hard to put ourselves in a good position. It frustrating to realize that their bad choices and lack of planning is likely to be my family’s problem. + +Figured I’m not the only one who has been in this situation and maybe someone would have some advice. +Hello All - first post here. + +At what number in liquid financial assets do you feel it’s wise to spread your assets between multiple institutions? + +For those with a liquid 10M+, do you think it’s unwise to keep it all in multiple accounts at a single big institution like one of Canada’s Big 5 banks? +Hello, + +Throw away here, thanks in advance for any replies. + +&#x200B; + +Gave this a shot on Fi but got downvoted, no responses. + +I work at a startup and have three different types of stock. The stock is /basically/ my only asset. I don't have much free cash at all, though it would be possible to take some as a loan or cash out some bitcoin that's currently valued at about 100k, though I'd rather leave that as is and off the table. + +My wife and I recently paid a fee only financial advisor to provide advice and help us structure things. Our goals are to create kind of a dynasty type thing facilitating multigenerational wealth and have the family business be investing. I'd prefer to stay away from the topic of am I making the kids trust fund babies and the consequences of my proposed strategy. I'll just say that I understand that concern and take it very seriously. On to the question. + +NSO stock grant: 20% of total shares (fully vested, unexercised) +ISO stock grant: 40% of total shares (half vested, unexercised) +Bought additional shares as in investor for 200k: 40% of total shares + +The total value of the stock right now is about 1.2m. + +For the purpose of this post the stock is (basically) guaranteed to increase in value substantially over the coming years. I work on the sales and operations side of a machine learning SaaS platform that is between A and B round for those who are curious. My salary is 200k, 30k bonus, and I have some exposure to commissions. I have a high cost of living so there's not a whole lot of disposable income despite the high wage. + +The fee only financial advisor, who is ware that we're working on multigenerational wealth and maximizing total earnings without (much) regard for risk or variance, has suggested the following. I'd love to get input if possible. + +Set up a [SLAT](https://www.kmgslaw.com/knox-law-institute/publications/spousal-lifetime-access-trusts-slats-not-just-for-the-rich-and-famous) trust to protect funds and facilitate passing wealth to the kids and grandkids using the skipping a generation thing for additional gifting (apologies if 'gifting' isn't the correct word here). + +In addition to the SLAT, I really like the idea of injecting some of the shares into tax deferred, self administered, retirement accounts. Like [Peter Thiel](https://www.biglawinvestor.com/secrets-of-a-100-million-dollar-roth-ira/) who did this with Facebook shares. I'm checking now to see if my company will temporarily buy back a portion of my investment annually. Once they buy it back, I would put the cash into the retirement account and then buy back the shares from the company. This would allow me to seed the retirement account with a fast growing asset and really reap some tax benefits later, though I will have tax exposure now. + +Curious on thoughts on this set up and if there is potentially another type of trust that may be better. + +Also curious if anyone has set one of these up on the cost of it. I was quoted 10k which seems a little high, but certainly it's something I'm willing to spend on if needed. I want to ensure it's done right. + +My wife and I have a great relationship and I don't have any issue with her directly controlling funds or getting 50% of everything should we break up - she deserves it. We'll do a postnup to prevent alimony payments. So we can aviod this as a topic of concern. + +Thank you all! +I think that to get where you want to be (financially/career wise/physically) you need a significant amount of planning and some luck. However a couple people I know argue that long term planing is unnecessary since life is so unpredictable (ex. you may not get the job that’s part of your plan). + +How many of you are where you are financially/career wise because of specific long term plans you made? How precise were your plans? How far did you deviate from them? + +Alternatively, if you didn’t have a specific plan to achieve fatFIRE, how did you get where you are right now? +Read the article here: [https://www.wsj.com/articles/beijings-squeeze-on-fragile-real-estate-developers-is-getting-real-11619682390](https://www.wsj.com/articles/beijings-squeeze-on-fragile-real-estate-developers-is-getting-real-11619682390) + +Getting completely lost in the current wild bull market is the fact that China's markets and economy have been starting to once again show cracks and signs of weakness. A lot of that is a product of the government starting to restrict their stimulus efforts in an attempt to keep the growth in debt and leverage in check. China has been the first market to really pull back stimulus, which probably isnt surprising since they were the first to be hit by and recover from Covid. + +In the above linked article, there are some very.... interesting happenings relating to the Chinese property market. I don't for one second believe that China would ever purposefully burst their property bubble, since that would be a self-inflicted wound that would do a massive amount of damage. + +That being said, as with any credit-fueled bubble, you tend to see these catch-22 situations pop up where regulators are forced to decide between: + +1. Allowing the bubble to grow larger and larger, losing any type of control over how it behaves and worsening the fallout when the bubble inevitably bursts. +2. Clamping down on credit expansion, preventing the bubble from growing larger, but also risking being the pin that pops the bubble itself. + +They seem to be going for option 2 right now. China recently tried to curb credit growth in 2018, and that played a major role in the markets that year, where both bonds and stock indexes saw a mild decline on the year. Despite the impact, China didn't even end up actually reducing the debt in the system, but just slowed the level of growth.... until Covid hit and the floodgates were once again reopened to credit growth. + +Obviously, the thing to watch for is whether China can walk the tightrope of reducing leverage growth without triggering a cascading failure of the very fragile economy. One thing to keep in mind here is that China has greater ability to manage debt issues like this due to their economy not really being market-based, and the level of control the Gov't has over all the pieces in the puzzle. That's not to say that's all good - the ability to stall a forced deleveraging also means that the problems tend to metastasize quicker and to a far greater extent since the cans typically just get kicked down the road further. It's the classic moral hazard dilemma. + +**Good Twitter Thread On This Article** + +Quoting from Michael Pettis, who is always astute, and is a reasonably non-biased source on China's economy. [Read thread here](https://twitter.com/michaelxpettis/status/1387831939353153537). + +>"Important article by [@Birdyword](https://twitter.com/Birdyword/), who discusses the shift from bank loans to buyers' deposits in the liabilities of Chinese property developers. As usual I'm especially interested in the balance-sheet impact: as long as things are going well, the shift barely matters, but it matters a great deal if the developer ever gets into trouble and is unable to finish a project. +> +>This creates at least two problems. First, a default by a large developer can cause what is effectively a "run on the bank" as other buyers around the country become reluctant to put up further deposits with other property developers. +> +>This process can be highly self-reinforcing as it forces property developers to cut back further on operations, and so alienate even more deposits. Of course the more developers rely on deposits to fund their operations, the more likely it is that a problem with one large developer spreads to other developers around the country. Regulators can force banks to lend, but they can't force households to put up deposits. +> +>Second, Beijing will have to choose either to let households take the loss or to force banks to step in and make them whole. The former seems politically unlikely, but the latter means that what had looked like a reduction in banks' exposure to real estate developers was never a meaningful reduction at all but rather the conversion of direct liabilities into contingent liabilities. For all the regulatory agitation, in other words, there was never an improvement in financial-sector risk. +> +>For many years we've seen that "deleveraging" in China has meant reducing leverage in one part of the economy while increasing it in another. This isn't incidental. It is fundamental to the way the growth model works. " + +**Some other general thoughts & notes** + +* The Shanghai Composite index is down 6% in RMB terms (ASHR etf is down 13% in US markets). In general, there has been emerging weakness in Chinese indexes compared to US stock indexes. Obviously this can reverse, but it's worth noting the divergence. +* The USDCNY exchange rate reversed in February for the first time since Covid hit in any meaningful way before starting it's fall again in recent weeks. Could be a sign that a durable trend reversal is coming, which tends to signal Chinese economic weakness from a market perspective. +* China has been putting curbs on developers for a little while now ( since end of 2020) due to excessive speculation & credit growth - [read more here on some of the details](https://www.ft.com/content/5bdab1f8-3285-41ca-b964-bf3ce6b2c7fb) +* Chinese property is the primary means of savings for Chinese citizens. +* Beijing recently reduced restrictions on capital being allowed to leave their borders. This may potentially have an effect on property values and the exchange rate, although it's tough to say if and how much this will matter. + +Discuss Below +The successful investors, traders here, or the ones who do it professionally, do you ignore such things when that happens, how do you say you don't want to do it? I wouldn't take risk with someone else's money. + +I am not very succesful but I am especially asking the ones who are "very succesful and gained a wealth that can be seen from outside" by trading or investing professionally or personally, do you make people around you or your relatives rich too? If not, how do you reject them? +Whilst this may come across as irrelevant to AusFinance, my employer puts most people in an interesting predicament - if you want to work from home, you must do so using your own personal computer. This means that during the COVID lockdowns, my expensive laptop that I bought myself copped an beating. For this reason, I am interested to hear from the AusFinance community: + +- Does work give you a laptop? A docking station for home? A headset? + +- Can your work computer double as a personal computer? Or do you need to buy your own personal device for home stuff? Follow up question - do you pay for cloud storage, or have a home server set up? + +- What about mobile phones? iPads? + +- What does your desk in the office look like? Hot-desking with laptops? Old desktops? + +- How about accessories? Mouse, keyboard, noise cancelling headphones - how much have you spent on gear? + +Very interested to hear everybody’s opinions! I expect that that there would be plenty of gamers here with pretty sophisticated rigs to show off too! +Hi all, + +Recently moved into my property I bought just before the end of 2019, my commute to work is roughly 40km in distance, while I was fully prepared for this (I was previously less than 10km before buying my first home), I've come to an interesting predicament and was wondering how the community would see things. + +I have been driving in for the majority of my days in the office, and have only caught the train a few times since moving, however as you can imagine the costs vs the two are vastly different, but what is interesting in my case is the time difference is also substantial. + +**Commuting via public transport** + +Door-to-door this will take an hour and a half sometimes longer both ways, with having to catch a bus and train. + +This is costing me $10 a day total, 3hrs or more in time + +**Commuting via car** + +Door-to-door this will take me 35mins up to 50mins in the mornings and 45mins to over an hour heading back home if I leave later than I should be. + +Ignoring the vehicle expenses and purely the parking and tolls costs. + +This is costing me $28 a day total (ignoring vehicle expenses), 80mins to 2hrs in time. + +My current perspective is, I'm better off spending the extra $300 odd p/m on commuting via car to not lose time compared to what I would be doing commuting via public transport (note: I may read catching the train into work, but heading home I am standing for 30mins or longer before I can get a seat). + +I'm ignoring the vehicle costs mainly because it is currently novated, I have basically 5 years worth of fuel and service money available on the lease (lease ends Dec 2021) from lack of use before moving, and the vehicle being a 2016 model has stuff all kms on it (25k) for it's age. + +The other aspect is I have the added benefit of working from home as much or as little as I want, and with time this would probably sway from one day a week to two or three days a week WFH. + +Anyway, I was simply curious on the communities perspective of time vs money. +⚔️Mr.Shillz - First BSC Marketing Agency⚔️ + +Do you recognize being late for a private sale or just missed the presale of the token you wanted to invest in? We all know early stage investments are the catalysts for your wallet balance. + +WHAT DOES MR SHILLZ DO FOR CRYPTO PROJECTS? +Mr Shillz is a one stop marketing agency on the Binance Smart Chain, that provides full package marketing deals for projects regardless of launch status. + +WHAT DOES MR SHILLZ DO FOR YOU? +The FOUNDING MEMBERS CLUB is an institute within Mr Shillz. This is for the diamond handers only and offers major perks, including; access to a premium group, redistributions, air drops, and most important: early access to projects (private-, pre- and seed sales). Ask for the requirements in the Telegram group: https://t.me/MrShillzOfficial + +DID MR SHILLZ PASS YOUR CHECKBOXES? +✅ Doxxed Dev +✅ LP Locked +✅ Audit on the way +✅ Use case already active +✅ Viking Leader + +DO YOU LIKE THE TOKENOMICS? +Supply: 10,000,000 + +BUY TAX – 8% +2% Liquidity, 2% Burn, 2% Redistribution, 2% Dev Wallet + +SELL TAX – 16% +4% Liquidity, 4% Burn, 4% Redistribution, 4% Dev Wallet, + +Join the Telegram or visit our website for more details. +Telegram: https://t.me/MrShillzOfficial +Website: Mrshillz.net +⚔️Mr.Shillz - First BSC Marketing Agency⚔️ + +Do you recognize being late for a private sale or just missed the presale of the token you wanted to invest in? We all know early stage investments are the catalysts for your wallet balance. + +WHAT DOES MR SHILLZ DO FOR CRYPTO PROJECTS? +Mr Shillz is a one stop marketing agency on the Binance Smart Chain, that provides full package marketing deals for projects regardless of launch status. + +WHAT DOES MR SHILLZ DO FOR YOU? +The FOUNDING MEMBERS CLUB is an institute within Mr Shillz. This is for the diamond handers only and offers major perks, including; access to a premium group, redistributions, air drops, and most important: early access to projects (private-, pre- and seed sales). Ask for the requirements in the Telegram group: https://t.me/MrShillzOfficial + +DID MR SHILLZ PASS YOUR CHECKBOXES? +✅ Doxxed Dev +✅ LP Locked +✅ Audit on the way +✅ Use case already active +✅ Viking Leader + +DO YOU LIKE THE TOKENOMICS? +Supply: 10,000,000 + +BUY TAX – 8% +2% Liquidity, 2% Burn, 2% Redistribution, 2% Dev Wallet + +SELL TAX – 16% +4% Liquidity, 4% Burn, 4% Redistribution, 4% Dev Wallet, + +Join the Telegram or visit our website for more details. +Telegram: https://t.me/MrShillzOfficial +Website: Mrshillz.net +Unpublished and scheduled to drop tomorrow. This will close several loopholes that market makers and HF have over retail investors for all trades routed to IEX. + +[https://public-inspection.federalregister.gov/2021-07676.pdf](https://public-inspection.federalregister.gov/2021-07676.pdf) + +The purpose of the proposed rule change is to enhance the Exchange’s Retail Price Improvement Program for the **benefit of retail investors.** Specifically, the Exchange proposes to make the following four changes: (i) revise the definition of Retail order in IEX Rule 11.190(b)(15) to **apply only to the trading interest of a natural person that does not place more than 390 equity orders per day** on average during a calendar month for its own beneficial account(s);7 (ii) **provide Order Book8 priority to Retail Liquidity Provider (“RLP”) orders9 at the Midpoint Price10 ahead of other non-displayed orders priced to execute at the Midpoint Price;** (iii) disseminate a “Retail Liquidity Identifier” through the Exchange’s proprietary market data feeds and the appropriate securities information processor (“SIP”) when RLP order interest aggregated to form at least one round lot for a particular security is available in the System,11 provided that the RLP order interest is resting at the Midpoint Price and is **priced at least $0.001 better than the NBB12 or NBO13**; and (iv) amend the definition of RLP orders so **such orders can only be midpoint peg orders**,14 cannot be Discretionary Peg orders,15 and cannot include a minimum quantity restriction.16 The proposed changes are designed to further support and enhance the ability of non-professional retail investors to obtain meaningful price improvement by incentivizing market participants to compete to provide such price improvement. + +Retail Liquidity Provider means a broker that routes retail orders through the IEX. You can call your broker and see if they are an RLP for IEX. + +Read some of the DD to learn a bit on how **non displayed orders** are likely being used by citadel and friends to manipulate the price. + +Overall, it seems like a major step in the right direction to help level the playing field. It looks like it has to go through the traditional comment period before approval. (Not an advance notice). + +TL;DR: This completely negates the ability for other firms to see retail orders before execution and then act accordingly to manipulate the price. This would give retail orders **Priority over other non-displayed orders. It would also force the broker to enter the trade at the midpoint price (Ie between ask and bid). Previously, this could be manipulated to decrease the price by consistently filling orders at lower and lower prices so that even though people are buying, the price drops.** + +Still reading will add more as needed. + +Edit: moved some things around and added TL;DR +So I'm a European teacher working in China, my gf and I came for a bit of adventure. Having a great time, but something that we didn't anticipate is that the Chinese government makes it insanely difficult + expensive to make bank transfers to foreign banks. So sending our salaries home is a real pain. + +Or it would be, if we didn't have BTC, which we can use to totally bypass the Communist bureaucracy and the convoluted banking system by buying BTC with our Yuan. Then HODL / Sell for fiat, the choice is up to us. Financial autonomy FTW! +I thought it was a little bit crazy, but then it got me thinking, and it's actually interesting. Imagine a world were investors invest in companies they like/find useful/ or at least have actually tried and realized it's potential. + +"Dear Prospective Investor, + +IBKR aims to provide an exceptionally inexpensive and versatile platform for our clients to manage their finances. + +It is vitally important to us that our clients be better equipped, pay lower prices, and have other advantages so as to generate higher returns than the customers of other brokers. + +In part, we achieve these goals by getting frequent feedback and advice, and by otherwise working with our users. Owning our shares provides increased motivation for our clients to work with us toward these goals. + +Investment by passive investors, and by others who do not use our platform, tends to cause a run up in our share price. This makes it more difficult for our clients to purchase our shares. + +You may be considering investing in IBKR. We would like to ask you not to buy our shares unless you become an active user of our platform prior to doing so. + +Sincerely yours, + +Thomas Peterffy" + +Source: https://investors.interactivebrokers.com/ir/main.php + +Edit: source +This is a comment somebody posted in a post about German recession on r/worldnews + +> German companies Zeiss AG and Trumpf AG are hightech companies that deliver crucial elemts of ASML´s tools to manufacture High-tech chips. Without ASML, there would be no modern chips. And without these two German companies (they make the laser and mirror technology), there would be no ASML. + +> There are many of these "hidden champion" in Germany, that are relatively unkown to the public but are world leading companies in their fringe fields of expertise. + +Germany has many tech companies that are the backbone for many other essential tech industries in Asia and worldwide. Yet, German tech companies and German economy itself didn't grow as strong as Asian and American companies. Why? +I just lost 97% of my portfolio from bad trades, high risks and greed. +2000 dollars to 60 dollars in less than a week. + +My advice is not to be greedy, and don't try to out think or over think the system. If you see a chance to double your money, think twice about it. + +Its much harder to climb back up once you've hit rock bottom. + +For those wondering how I lost all that money, EURJPY 200 leverage. Was wrong on every single short and long. And now here I am. + +**Edit**: Thank you everyone. I really felt down about the whole situation and really felt bad about myself. I pretty much felt like quitting investing all together when I lost all that money and I couldn't even focus on my job because all I could think about is how much money I lost. + +Not only did reading all of these post (the good, the bad and the hilarious) all make my day, but I really now feel optimistic about the future and excited to invest in MUCH. SAFER. options. Time to stop thinking about the short term gains because the real plan will always be for the long term. + +Planning on posting an update 1 year from now. I'll make you guys proud. + +**Edit2**: already spending less money on useless junk to help recoup my losses. Hopefully this trend continues. + +**Edit3**: I really appreciate all of what /r/investing had to say. the amount of support is mind-blowing. I did not expect this type of response. +It seems like bitcoin is becoming more obsolete as blockchain technology progresses. If BTC transaction fees will only get higher and the blockchain more congested, is it inevitable that BTC will be replaced by a different coin as "digital gold". If the idea is simply a store of value, surely something better will or already has come along. Is the fact that BTC is already #1 the only thing increasing its value? Just some speculation + +Edit: I have a better understanding now. Thanks to all who gave me constructive feedback. +"the best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer." +Hey guys, I thought about posting this in /r/cars maybe, but it seems like they are car *lovers* and might not be able to offer me the best advice. +My situation is that we are building a house, due to close on 9 March. My husband and I shared a car between the 2 of us (still on a $12k loan) and it worked for us for 10 months because we worked in the same building! Husband got a new job, and I am stranded at my job until late at night when he can swing by to get me. This is NOT going to work. I don't want to open any new loans before we close on our house, and we can't afford to spend much cash because we are trying to make our down payment as big as possible. + +Bottom Line: I need to get a beater to get me through the winter. Would like to keep it around $1500. What are some things I should look for in the car and some negotiating tactics? Thanks for your help and advice. +Edit: Can't believe I didn't mention this: I live in the MidWest, so I'll need good tires and heat. + + +UPDATE (4 days later): I want to thank you all for taking time out of your day to give me some amazing advice and teach me things to look for in a prospective car that I would have never considered. I GOT A CAR!! $1500 (all of you haters who thought it couldn't be done for that amount can K my A! haha). It is a one-owner 2004 Nissan Accent with 156k, mechanically perfect, 14k on tires (80k tires), and only one tiny spot of rust on the wheel well. Interior is spotless. I do have to admit I got really lucky with this deal, as this car blue-booked about a grand higher (but I went to HS with the owner so they cut me a break). Anyway, just wanted to share how this all turned out! Thanks again Reddit! I never would have considered a Hyundai before you guys came into my life ;) +tl;dr +Don’t want to fire sale family real estate to pay for large estate taxes and irrevocable trust is the only option we’re aware of. Looking for others who have had success with irrevocable trusts or other vehicles at this amount + +Background: +I’m in my late 20s and I recently joined my parents’ primarily CRE business full-time in a California HCOL area. They’ve been doing this since the late 80s and the estimated total value of the real estate portfolio is around $90 million (we do few partnerships/JVs and are not overly leveraged). We would estimate that the current NW of my parents combined is around $40-50 million. + +Parents are hitting their 60s now and we want to begin the transition process since I’m getting far more involved in the business and I want to help them retire. My biggest nightmare is if my parents die and I am forced to fire sale a good chunk of the properties within a year of their deaths to pay for the estate taxes because we didn’t plan properly. We have ~$4 million held in brokerages which will not be able to cover all the estate taxes. + +What now? +We don’t personally know any individuals with a NW more than $5-7 million so we haven’t had any luck on recommendations or referrals. We know that an estate lawyer/firm is the way to go and we fully expect the fees to run into the tens of thousands. We’ve begun poking around with estate advisors/lawyers for advice on how to convert our current living trust into a irrevocable trust with little traction so far since honestly, we still know very little about irrevocable trusts at this time. + +Has anyone gone through creating an irrevocable trust or any other vehicle that would pertain to real estate? An ELI5 for irrevocable trusts would be appreciated. I will happily read comments from estate advisors/lawyers lurking on this sub as well. Thanks all! +My financial advisor is suggesting I carry $5M in personal umbrella insurance (broad-reaching liability insurance) and, following a minor liability scare with a fender-bender last fall, I've been looking into it. + +It took a while, but I'm currently looking at a quote for $737/year on non-owned auto insurance and $1071/year for $5M worth of umbrella liability insurance, for a total of $150/month. (I don't drive, but umbrella insurance requires auto insurance so here we are.) + +I don't like adding an ongoing monthly payment. I also very much hate the idea of retiring, only to get wiped out because someone sues me for a giant wad of cash (possibly on trumped-up reasons after discovering I have a giant wad of cash), and **I wonder how many others here are carrying umbrella insurance and how you feel about this particular protective strategy.** Especially interested in hearing from people who are already RE or close to it. + +I [posted](https://www.reddit.com/r/ChubbyFIRE/comments/siqp95/umbrella_insurance_and_liability_insurance_in/) this on r/chubbyFIRE but got no discussion -- maybe people here have more wealth and have thought more about protecting it. +I was an early employee at a company that is about to IPO later this month. I am no longer employed there, but exercised all my options upon leaving. It is an exciting time with possibly life-changing money involved, but reflecting back, being involved in this situation seems like such an incredible crapshoot. + +They say "Lightning never strikes the same place twice," so how did you beat the odds? What was the situation? And how much would you attribute to luck vs skill and hard work? + + Have been a long time lurker. Thanks. +I’ll be bidding farewell to the grind in a year and my (new) boss doesn’t know it. They want to have a discussion about my aspirations and future roles I’d be interested in…if I weren’t going to be exiting next year this would be the right time to talk about the next move. + +I’m not ready to show my cards and am really hoping to have my team in a great spot (after lots of turnover this year) a year from now when I make my exit. It’s a weird spot to be in for someone who’s always been on the high potential fast track, often clamoring for the next thing. + +I was planning to give about 3 months notice, now feels too early. + +I don’t want to get pulled into something I’d have to bail on, nor do I want them to waste their time trying to factor me into succession plans, so trying to figure out the best way to stave it off. + +Thanks for your suggestions- +Lots of talk about how to react to today's 3 month/10 year yield inversion and that a recession will be imminent in the next 12 - 24 months. + +While that is quite possible, I implore investors to take yield curve inversions with a large dose of patience. You don't need to move your money on Monday, or even next week, or even next month. + +While this a bit of pattern seeking that may not hold up again, I do ascribe to pattern seeking more than "this time it's different". Those are always famous last words at the end of bull markets. + +Anyways, see the following 3 month/10 year curve and corresponding S&P 500 futures movement. + +https://fred.stlouisfed.org/series/T10Y3M + +https://finviz.com/futures_charts.ashx?t=ES&p=m1 + +You will notice a few things. First off, is the possibility that a short term inversion can happen and not spell any doom. There were very brief inversions that took place in September 1998, April 2000, and January 2006. In the case of 98 and 2006 there was considerable appreciation in stock afterwards. In 2000, April would have indeed timed the high well but there was a considerable distribution phase if you waited for more considerable yield inversion. + +You will notice that a better signal is to wait and see a bit with the yield curve. Typically the recessionary signal will see an extended inversion that is deep and lasts for several months, then as the curve steepens again recession hits. Waiting as much as one month for full inversion will give you higher confidence in the signal. This gets you out in August 2000, and August 2006. + +Corresponding with a move to bonds, waiting for a full month does seem to lose some appreciation in capital values, but you will still make out well with a bit of delay in transitioning to a risk-off strategy. + +https://finviz.com/futures_charts.ashx?t=ES&p=m1 + +So looking at the present day, we have the following factors: + +Large transition into bonds as investors go risk-off for a Brexit that may not actually happen + +Possible US-China trade deal as soon as April + +Fed that has made a commitment to a more dovish transition the remainder of the year. + +While all these factors may end up being too little too late to prevent an extended inversion and recession, I believe it is certainly prudent to give such scenario's a bit of time to play out. Any quick movement on a trade deal or Brexit news could quickly make this inversion look more like 1998 than 2000. I do think the Fed is a bit too little too late on the dovish turn, but we shall see. The tech bubble was ultimately kickstarted in 1998 when Greenspan lowered the FFR in response to flat yields. Today's Fed is not taking an accomodative stance to that degree. + +The reasoning for recession with yield curves is a rather simple one, there's no term premium for bank lenders and this dries up lending markets. Think of it this way, if lending dries up for a few days it's not a huge deal. If lending dries up for a few months, that is what causes a lagging recessionary effect. + +In any case, this is just to reinforce that you should not panic and give yourself time to rationally make adjustments to your portfolio, if any at all. + +It's also important to note that I believe such a strategy did not work out well in 1990 to my knowledge. So depending on your timelines and risk dependence, certainly there is no guarantee that stocks see an extended decline you would benefit from avoiding. I believe the 1990 bear market was rather quick and shallow, just slightly worse than what happened from October - December 2018. +&#x200B; + +[https://preview.redd.it/fbgei0xe17q81.jpg?width=3900&format=pjpg&auto=webp&s=1d1b034428a1fad117f3824ee9211f5d59dbf04c](https://preview.redd.it/fbgei0xe17q81.jpg?width=3900&format=pjpg&auto=webp&s=1d1b034428a1fad117f3824ee9211f5d59dbf04c) + +As the title says, I'm giving away a bunch of VINU to everyone who comments on this thread! **As well, we will giveaway 5x100$ prizes!** + +**What is VINU?** + +**Vita Inu (VINU) is the world's first zero-fee, light-speed, dog coin with smart contracts!** + +It is a token built on the Vite network in November 2021 by Vite enthusiasts. Much like Nano (XNO), Vite is a DAG network with near-instant transaction times and zero fees. But in addition to that, Vite is the first public chain to implement smart contracts on the basis of a DAG ledger. Because of this, VINU is the world's first dog coin with near-instant transaction times, zero fees, and smart contracts! VINU is also proudly the #1 project on the Vite chain. + +VINU's philosophy is to provide education about cryptocurrencies in a fun and ethical way. It does so by building a fun and engaging community around the cryptocurrency project. It is also currently sponsoring a[ blockchain awareness program in India](https://twitter.com/i_fly_high_/status/1507916290706456577) (and previously[ Nepal](https://twitter.com/VitaInuCoin/status/1469982262066176005)), and will continue to do more for blockchain awareness elsewhere on the globe. + +VINU is unlike other memecoins. First, VINU is committed to paying all its community members fairly for their contributions to the project. Members receive VINU as rewards for moderating social media and community platforms, organising events, creating artwork, and so on. Second, VINU leans into transparency in legal compliance, with legal opinions valid in the EU and US. Last but not least, VINU is committed to the fair distribution of a significant portion of its total supply. + +VINU even has its own **tipbot** right here on Reddit, where our community can tip tokens without transaction fees & you’ll see it in action in the comments and over at our subreddit! + +Here’s some of VINU’s achievements in the past five months since its creation: + +* Listed on[ Vitex](https://x.vite.net/trade?symbol=VINU-001_VITE),[ MEXC](https://promote.mexc.com/a/vinu), Bitrue,[ Digifinex](https://www.digifinex.com/en-ww/trade/USDT/VINU),[ Hotbit](https://www.hotbit.io/exchange?symbol=VINU_nUSD),[ Chainbits](https://buy.chainbits.com/),[ PancakeSwap](https://pancakeswap.finance/swap?outputCurrency=0xfEbe8C1eD424DbF688551D4E2267e7A53698F0aa) +* Partnered with **Simplex**, the world's largest fiat-to-crypto service provider. +* Featured on[ **Investing.com**](https://www.investing.com/news/cryptocurrency-news/how-memecoins-like-vita-inu-are-revolutionizing-the-cryptocurrency-space-2778990) +* Sponsored a[ blockchain awareness program](https://twitter.com/VitaInuCoin/status/1469982262066176005) in India & Nepal. +* **Bridged to BSC** \- VINU is now on two chains;[ VITE (native)](https://vitescan.io/token/tti_541b25bd5e5db35166864096) &[ BSC (bridge)](https://bscscan.com/token/0xfEbe8C1eD424DbF688551D4E2267e7A53698F0aa). + * BSC Contract: **0xfEbe8C1eD424DbF688551D4E2267e7A53698F0aa** +* Became a supported token on[ **tip.cc**](https://tip.cc/currencies/vita-inu), the largest cryptocurrency tipbot on Discord. +* A full[ pixelart animation](https://twitter.com/VitaInuCoin/status/1471541644881276933) of VINU beating up Shiba +* And there’s much more planned for the project – including a **metaverse (“Vinuverse”)** with a full **VR World**, a **decentralized swap (“VinuSwap”)**, **NFTs**, **Games**, and more. + +As you can see, VINU is clearly one of the top dogs! + +Did we mention there’s also a[ free faucet](https://getvinu.cc/)? + +**How to participate in the Airdrop?** + +1. You will need a **Vite address** to participate in this giveaway. + 1. Get your Vite wallet [here](https://app.vite.net/) + 2. Here's a[ guide](https://medium.com/@VitaInu/how-to-add-vita-inu-to-your-vite-wallet-and-trade-on-the-vitex-exchange-16b4f8a4644b) on how to set up your Vite wallet +2. Comment your Vite address below! +3. Follow us on our socials if you want more updates on our project:[ Twitter](https://twitter.com/VitaInuCoin),[ Discord](https://discord.gg/vitainu),[ Telegram](https://t.me/vitainu),[ Instagram](https://instagram.com/vitainucoin),[ Facebook](https://www.facebook.com/VitaInuCoin/),[ Medium](https://medium.com/@VitaInu) (List of country-specific groups:[ https://link.vinu.fun/](https://link.vinu.fun/)) + +**The giveaway will end in 48 hours, or when I run out of VINU, whichever is faster.** + +Don't miss your chance at getting yourself some free VINU! + +**Questions?** + +Hop over to OUR REDDIT or join the community on[ Discord](https://discord.gg/vitainu) or[ Telegram](https://t.me/vitainu). + +Our friendly neighborhood community moderators will be ready to help you! + +*NOTE: We would be remiss not to point out that we’ve been hugely inspired by the Nano giveaways on this sub in the past. In fact, Vite and VINU were created to allow "feeless & instant" to be brought to Web3, and a significant number of team members from both projects were/are active Nano community members.* + +**EDIT:** + +**- Didn't receive a reply after posting your Vite address? This may be because the accounts making the comments have been rate-limited by Reddit. You should still have received your rewards. Verify all successful transactions here:** [**http://vitcscan.com/address/vite\_68e5d1a2e3913c31628841cc54d67da6bcf2beb4eb5860663a**](http://vitcscan.com/address/vite_68e5d1a2e3913c31628841cc54d67da6bcf2beb4eb5860663a) + +**- Didn't receive your VINU? This may be because the script that's handling the giveaway is stalling. We'll be monitoring its activity throughout the day, but there may be some gaps here and there. You'll receive your VINU, regardless!** + +**- Getting an error from the faucet? This may be because your account is entirely new, and unopened. Once you receive your VINU from this giveaway, you should be able to start using the faucet.** + +**EDIT 2:** + +**Raffle done! Chosen through RedditRaffler. Winners** [here](https://www.redditraffler.com/raffles/tqk1h9)! Please DM your addresses! + +/u/Nepoxx /u/PomegranateDifficult /u/BrokenLeprechaun /u/Death_Awesome /u/IsildurHeir +The whole article is worth a [read here](https://www.theguardian.com/money/2018/dec/22/lithuania-iceland-banking-revolut), but the key excerpt is this: + +> Last week, London-based Revolut, one of the fastest-growing smartphone-based banking services in the UK, announced it had obtained its European banking licence and will start accepting deposits as it “edges further towards its goal of becoming the Amazon of banking”. Revolut is based in London’s Canary Wharf, here so you might expect its licence would come from the nearby Bank of England. But no, the new licence is from the Bank of Lithuania. + + >Already Revolut has 3 million customers. That’s more people than the entire population of Lithuania – and it transacts more business every year than Lithuania’s entire GDP. + +> Revolut, in its press release, boasts that “the new banking licence will allow its customers to start depositing their salaries, which will be protected up to €100,000 under the European Deposit Insurance Scheme” (EDIS). The release makes no mention of Lithuania. + +> But the thing is, EDIS is just a proposal made by the EU in 2015. As a Europe-wide guarantee of deposits, it doesn’t yet exist. It is understood that some EU countries, led by Germany, have blocked its introduction, understandably concerned that they will be the backstop if other countries’ protection schemes fail. + +So your Revolut funds are essentially dependent on the Lithuanian scheme's ability to pay up in the event of a collapse. Given there are more Revolut customers than the Lithuanian population – plus recent history in Iceland – I'd be pretty wary of this. + +Personally I'll continue to use Revolut for smaller amounts for travelling, but I'll be staying away from putting larger amounts in until there's full protections. + + + +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! +So tired of reading the endless copium on housing. I get it. Many of you can't afford homes, that doesn't mean prices are coming down anytime soon. + +Despite everything you've heard to the contrary, most houses are owned by people. I know I know: CoRPoraTiOnS ARe buYIng aLL tHe HoMEs!! But it's just not true. For single family rented homes only 300,000 are owned by corporations while 16.2 million are owned by "mom and pop" landlords. + +To understand how significant this is we need to look at what has recently occurred with mortgage rates. First lets just overview the 30y fixed that's offered to US consumers. This is an incredible deal that doesn't really exist anywhere else in the world. The reason is fairly obvious, it's just a bad deal for the lender. It's a deeply asymmetric trade; if rates go up you get a better deal than before in relative terms, if rates go down you get to refinance at the lower rate. + +And that's exactly what happened! Covid struck and all of a sudden people had the chance to refinance bellow 3%, and not just for owner occupied units but rentals too. Every property owner with half a brain took advantage of this. + +Fast forward to today and rates are at 4.8%. It might not seem like a big deal, after all rates fluctuate. 1.8% give or take isn't really that big of a deal right? WRONG! + +It's a huge deal. We've never pushed rates so low and guaranteed them for so long. Rates need to be viewed on a relative basis. That means paying 4.8% interest is 60% more than 3% with regards to debt maintenance. No one with half a brain is ever going to sell a home they refinanced under 3%. Let that sink in. + +Government covid policy has effectively removed a very large percentage of homes from the available market permanently. There will likely never be a time in the future in which selling one of these refinanced single family rentals is a good play. Moreover, the 60 million or so single family owner occupied homes are highly incentivized to never move or if they do turn they're existing home into a rental. + +The logical way this plays out does not look good for inventories. People who's financial situation has stayed about the same are extremely unlikely to move. People who's finances have deteriorated are incentivized to hold on for dear life or face significantly worse living conditions, and people who's financial situation has drastically improved are much more likely to rent their old place out and can afford to do so. + +Inventories are fukt. And not just right now, but for decades. + +All of this has already happened. You can literally watch its effects playing out in the market right now. Looking at market conditions it seems like things are going to get much worse before they get better. + +Obviously inflation is the elephant in the room, and the US govt is not well positioned to deal with it. If inflation is permitted to run wild housing will get a huge boost. Most houses are fractionally owned with most money coming from the govt as they are ultimately the primary lender this relationship will mean homeowners are making several times the inflation rate just from holding real property. + +Conversely, govt tackles inflation head on (LOL) by raising rates. This will make the those 3% loans too good to give up. Mortgage rates at even 6% will mean you are paying twice as much servicing your debt at those who bought at 3%. 6% is still bellow the current inflation rate, how likely is it for them to ever get inflation bellow 3% without cheating on their CPI. + +So, we have an extremely constrained supply that is structurally unable to improve. The only available option is new housing. New housing starts data has been bad for years, and while the numbers have improved lately they 1. Aren't enough, 2. Coming on the back of a major materials/commodities re-pricing and 3. Struggling with labor costs and supply so widespread many laborers are able to choose safer/easier work. Best case (for non-homeowners) is we continue to build at an elevated pace and stop the trend, but this will take years not months. + +So before you even get started, no this is nothing like 2008. In 08 people were signing up for horrible variable rate mortgages designed to fuck them, now they've signed up for a bunch of 30y fixed at under 3% designed to stimulate the economy at the expense of the future. So here we are in the future, paying for all those 3% 30y the govt bought up like hotcakes. Even if, as many of you housing bears insist, housing prices come down it will almost certainly be on the back of meaningfully higher lending rates. This will NOT create housing supply since most mortgages are around 3%, unlike 2008 when they were twice that! If interest rates hit 6% and prices drop 40% (they won't) it still wouldn't create the waves of defaults we saw in 2009. + +TLDR: Housing operates like all markets, based on supply and demand. There will always be demand but supply will never really come back thanks to ultra loose monetary policy during covid and the govts willingness to buy up all the 30Y mortgage paper. The only way supply constraints can lessen is if asset price inflation is tamed AND rates are close to 3%, so basically never. + +Positions: Short 1.2M in mortgage bonds at 2.99% secured by apartments and houses. + +Edit: Purpose of this post isn't that housing is cheap and should be bought at these prices, it's that supply has been structurally constrained and this effect is likely permanent. +Helllo, +I am Oleg, and I am running Nexchange.io. +At Nexchange we aim at making things better than they currently are. + +Yesterday we had a trade of 165 BTC on our platform (around $1m). +https://nexchange.io/order/OSMQ6L + +Our algorithm decided to use uphold as a liquidity provider for this tx, as they had a good market rate with only 2% fee including the slippage. + +Once the money was deposited to Uphold, they immediately froze the account, asking for 'source of wealth' 'due diligence' and 'KYC'. + +The exact quote from the email would be: +"When you initially created your account you have indicated an estimated volume of 100 000 USD per day, today you have exceeded this estimation, thus your account is frozen until you provide further documentation" (all trades were crypto to crypto) + +To this email I have responded with the link to trade which is above, as well as full audit-able list of orders on our platform via our API +https://api.nexchange.io/en/api/v1/orders/ + +I have a verified business account with this firm for 2 years. +Naturally when I was starting Bitcoin was much cheaper, the volumes were lower, and my business grew since then. +In fact their claim that I've exceeded my stated volume is incorrect, since none of my transactions were in fiat, and quoting by the BTC price at the time of signing the forms, $100k are actually 250 BTC! + +By reviewing their terms and conditions there are no limits to neither crypto funding and crypto volumes. + + +I even had a face to face meeting with the technical team in Braga demonstrating my product earlier this year, followed by a Skype call with the business executive to try and negotiate better fees for my high volumes. +On neither of those instances any problem with my way of operation was brought to my knowledge by the team. + +I wrote their support, explaining the situation, but there is no response. + +So far there is more than $1.5m hanging funds on their exchange and no-one to talk to. + +On the accumulated position size (200 BTC) my customers are losing thousands of USD every hour, but nobody in uphold seems to care, despite the fact they made 50 000 USD on fees from my company this week alone. + +Stay away from those guys, +They are thieves! +It's been months. The SEC DTCC etc are all turning a blind eye to this. Working to cover their own asses instead of stopping the literal financial rape of investors. Think about how many investors have been hurt financially because of this just since Jan, let alone the last decade of their fuckery. Even if they do put new rules in place to "prevent future mishaps" like this one, They have done nothing but show us that they don't really care. There will always be more Melvin's and Kenny's out there trying to profit no matter how much they hurt someone else and the simple fact that a few apes can piece everything together in a matter of a couple months when the guys getting paid millions to do the same thing can't in years.... I really don't have faith anymore. It's not like they didn't know. They had to know. they were profiting from this fuckery too. All at the expense of hardworking citizens just trying to make sure they could retire and live comfortably.... but these assholes NEED that 5th house in palm springs, they NEED that 4th Lambo they NEED to continue to fuck over the little guys to make themselves feel powerful and give them a false sense of importance. NO MORE. They have had all the time in the world to rectify this issue and yet still nothing. no real change yet. just proposals and maybes. maybe this will go into effect and maybe we will enforce it. Still proof of artificial price movement dark pool trades etc. More and more coming to light every morning when I open reddit... Truth is they would probably be happy to see this continue forever, I honestly believe they are searching day in and day out for a way out of this that will fuck every last one of us over. I won't let them win though. I will continue to buy and buy and buy gamestop until they all go down though. every last institution involved. Until EVERY DOOR IS CLOSED I will not stop. Cant stop, Won't stop.... You got it. POWER TO THE PRIMATE!!!! (not financial advice) +Things don’t feel real at this point of time. I feel like we’re all being led by some puppet master and the euphoric feeling of winning over takes our concerns with the real issue of big brother manipulation. All stocks tanked at 10am and no one asks why. Most with normal volume have the same recovery pattern. Ones that everyone is yoloing split off at around 3pm to go higher and the ones that didn’t went lower. +How can I position my family's finances to best take advantage of student aid options and the FAFSA equation? + +On the savings / 529 front... kids are 5 and 2, grandparents started 529's (and do a 2:1 match up to $1000 from me / $2000 from them per year per kid). So we have funds of approx $17K and $7K at the moment. And I want to keep saving aggressively. But should we stay the course on this plan, or should I start my own 529 and ask grandparents to contribute to my 529? I ask specifically because I've read that grandparent 529's are great because they don't count against you on FAFSA... until the year after you first use them - at which point they actually count against you WORSE than if it had been a 529 I started. So I guess that means, kids can apply as incoming freshman and look great on FAFSA, but as soon as we pay their freshman year with grandparent 529, year 2 recalculates and all of a sudden we're worse off? So I'm wondering, can I get past this by eating 1-2 years on the front side, try to pay as much out of pocket, or max the student loans for the first year or two? Then just pay years 3-4 with grandparent 529? Or should I ask them if we can flip it, start my own 529 and have them contribute to mine (with the goal of the new fund being for years 1-2), and the existing grandparent 529 for years 3-4? + +Other relevant / side-questions... I plan to have my mortgage paid off before the first kid goes off to school. Is that a good idea? I mean, in general I like the idea of paying off the house nice and early in life, but will that screw me on FAFSA and make us look like we have tons of disposable income to pay the school? Location if relevant... we're in NC, grandparents started fund while they were also residents here (now live out of state). + +*Edit for the archives:* + +I ended up not being able to participate in this conversation as much as I had hoped, apologies for being a shitty OP. I think the takeaway I'm getting here is that grandparent 529's don't count against us until we actually *use* it, so my theory about trying to wait and use them in the later college years is accurate. I'll probably stick with it only because the grandparents have offered to double our contribution, and I don't think they would contribute directly to a ROTH. Although I will ask, as [this article](https://www.nerdwallet.com/blog/investing/roth-iras-trump-529-plans-battle-education-funding/) in particular resonated with me... use a ROTH for retirement, but you can take withdraws (in some circumstances, like college, just the principle) without penalty. That seems to allow a lot of options, I have one, but I can more aggressive plan to put money there. Anyway, thanks for all the great commentary! +Recent posts here have mocked outright the guy who took a risk and made a million dollars on dogecoin. + +So what if he is down from that million? Could it hurt anyone to congratulate the guy instead of poking fun at his misfortune? I mean he is still up 250k and never sold. I don't know about you, but that is more money than I have ever made in crypto and the guy has genuine balls to risk 250k early on Dogecoin. + +And incase you didn't notice, the whole damn market is down at the moment not just memecoins. + +Yes he took a risk and yes i wouldn't recommend anyone invest that much money on a memecoin, but it paid off for him and isn't the whole damn point of investing in crypto to MAKE money? + +We should be uniting people in the crypto community not dividing them by making fun at them. I for one am happy for him. If he becomes a future multi millionare doge holder I hope he sets and example by being humble back to those smug people who relentlessly poked fun at his misfortune. +The hedgies have dug themselves a hole way too deep to get out of this without triggering MOASS at some point. Every day their collateral shrinks and they are forced to short even more to keep their obligations under their collateral value, further digging themselves deeper into the hole. And while they could keep this up for a while, we are looking at a market that is held together with gum and duct tape, and now it's starting to fall apart. We are looking at a market correction soon, and their collateral will take a huge hit. + +Maybe they can short it enough to keep Marge from calling, but that price drop just makes it easier for the apes to DRS the float. They will either eventually be unable to meet their collateral requirements and get margin called, or the lower GME price from preventing margin calls will allow apes to DRS the rest of the float. The walls are closing in, and short of the Fed stepping in to save the SHFs (which would completely destroy the world's confidence in the US markets, so unlikely), MOASS is inevitable. +Earlier this year, my company sent out an internal memo notifying all employees that company stock would no longer be an option in the company-administered 401(k) plan, and that by a certain date in September, no company stock could be held in employee 401(k)s. + +My first question is, who benefits from this move? What are some reasons this policy would be put in place? + +My second is, can they do this? Our stock price has dropped precipitously over the last few years, and so speaking personally, stock I invested in through my 401(k) is at a significantly lower price now than what I bought it at, but it has been rising steadily and is expected to surpass its previous high in the next few years - basically, I'll be taking a bath on what I saw as a long-term investment, because I am being forced to sell at a time when I would hold. Can they do this? It doesn't seem like the sort of thing that should be allowed, and I have a suspicion that I (and my fellow employees) are being shafted. Thoughts? +Just got the pre approval for borrowing 900k from the bank. I'm looking to buy an investment property in Melbourne. My income is only 110k base, but given the current low interest rate, a large amount of repayment will be offset by the rent generated from this mortgage. The reason I'm borrowing this much and with help from my parents is because I want to buy a house in a good area that will hopefully appreciate a lot more in the foreseeable future. Am I borrowing too much as a FHB? + +Update: Thanks everyone for the comments. I read through every single one of them, even the very negative ones. I appreciated everyone's inputs. After spending some more time thinking about this I've finally made up my mind and will be looking at borrowing 650k. I'll be looking for a cheaper property in less desirable suburbs with listing price of around 1.2m. In the end I gave up my initial idea because like many said it's too risky. My current income is too low for a home around 1.7m even with my parents help. If i turn out to be right and housing market does keep its momentum in the next ten years. I'll have no one else to blame except myself due to my low income. +This may seem unnecessarily inflammatory, but is a genuine ask, what are some of your gripes with the financial system? + +For example, is it the sheer number of hurdles you have to jump through just to get service at a Bank, the screeds of disclosures and legal papers you have to sift through just to take out a loan, your own personal disclosure requirements to open an investment account? + +Not really looking for "deez asset prices are too high", but more what you feel we could do with, or without when it comes to finance. + +For example, it drives me wild trying to find a fund in the retail space that WILL invest in fossil fuels/mining, everything being ESG while investing in Apple who uses child labour and blood minerals from the Congo in their phones, etc. +Been a Civil Engineer (Site Engineer role) in Construction for the past few years and looking for a change. As good as the pay is, I don’t think it’s worth trading my mental/physical health for (due to 80+ hour weeks). I also don’t really enjoy construction, but I do like the problem solving and technical aspects of engineering. + +First idea was a pivot to Software Engineering but I’m not sure if it’s worth going back to university for 2-3 years. Wondering if I’m better off transitioning into the Design field of Civil Engineering to utilise my current degree. + +Can anyone provide insight into the software/design engineer space? +Anyone else notice how it's been nearly a month since any "news" on GME has come out? There used to be a LOT more. + +&#x200B; + +https://preview.redd.it/0wbav66p1tv91.png?width=1406&format=png&auto=webp&s=21b7ecd87b4f5bdde3dd4578beaea52ddf764eb2 + +This sub is literally the only place where we can get any information, speculative or not. I just think its interesting how we went from seeing nearly daily articles about "Forgetting Gamestop" to zero, zip, zilch. Why is everyone so tight lipped all of a sudden? +Went through a slump two months ago and amex balance went from 2k to 10k. All monthly expenses go to that card and I may or may not bring it down to zero when the 0% APR expires. I have a full time and part time job and work my ass off and also cutting down expenses. + I can't get an installment to pay it off, that brought down my credit score to 720 and CC utilisation 35% +Amex told me I can get second card with the intro 0%.. but they won't transfer that balance, it only happens between institutions... +What should I do? Get a 0% intro APR card from another bank and stop charging that amex until paid off ? Or simply keep it as it is and focus on lowering expenses and working my ass off..? +Need some help/opinions on my thoughts regarding college savings. So I created a 529 plan for my daughter at her 1 year birthday and I planned to also open something for my son. However, I opened a Traditional IRA account instead vs a 529 plan (I'm in California by the way). I'm afraid of having both in a 529 and then end up having one not attend college. I know, kind of an odd way of thinking. LOL. Having it in an IRA gives us the flexibility of using it for our retirement and if both end up attending college I can always use that for college as well. + +The one issue I have right now is that I'm really not getting any tax benefits in a traditional IRA due to income limits so I'm planning to do a conversion to a Roth IRA. + +Any thoughts on this plan? Potential drawbacks? Good plan? Bad Plan? Should I stick to having 2 529 plans? +Hey there, I'm in the UK and I'm planning to move out at 17 in 2.5 months' time when I get my driver's license. The reason is that my Dad has always been a shitty parent and has abused me in the past. I live and work at home, we now rarely speak, it's almost as if we're two strangers in the same house. It's very hard to enjoy my time here because every time I see him I'm just disgusted and raged by the fact that he wasn't there for me. I also feel like it affects my work, I'm pretty depressed and it gets worse each day. + +He no longer abuses me, it's maybe 1 comment in 1 week, either because I work out and have gotten a lot bigger in size or because I don't actually rely on him for anything anymore and know what sets him off. I do my own grocery shopping, I rarely go out and if I do I'll get the bus, I never ask him for his help because I've learned not to. Or because it's going to happen again soon and this is just the period of him being nice. Whenever we would talk or I would have to do something with him that's where problems came up. It's mostly been emotional abuse like humiliating me in front of people from my school at a bus stop but he has also put his hands around my neck twice, threatened to fight me and take me out anytime he wants and so many more incidents. + +My Mum is going to help me co-sign on a lease through a private landlord. I turn 18 in 5 months' time but thought I might as well get out 2.5 months earlier, as the earlier the better. Now here's where I'm at financially: + +I currently have £17,000 saved. I've earnt all that money myself through my business. On top of that I have £6,000 in a stocks and shares account that I can withdraw when I'm 18. + +My business makes £72600 a year right now. £51804.40 after tax. That's based on the clients that I've currently been with for 1.5 months. I still have 2.5 hours left in the day that I can fill with another client. If I was to do that I've worked out I'd be making £99600 a year. There's so much demand in the industry I'm in right now, I'm very confident I can increase that. + +By the time I will be moving out in 2.5 months' time I'll have total savings of £32,125 minimum, tax not included. I'll need to buy a car, furniture, clothes and a rent deposit and probably a laptop for working outside! + +I've worked out with a budget that I'd be spending somewhere around £1250 on rent and around £1,700 on other stuff. I feel like that's quite high? But granted I've added an extra £500 onto what I calculated because I imagine I'll miss some stuff off that I'll need, just to be safe. This leaves me with £1467.03 saved/invested each month if I spend that £500 and the rest. I plan on using that for savings and investing in index funds for retirement. My next financial goal is to save, travel and actually enjoy my life for once, save for a house deposit once I decide where to live in the future and grow my business. + +I was thinking of going overload mode right now and working like crazy in the 2.5 months beforehand to generate as many savings as possible and then move out. Split off the co-sign lease when I'm 18. + +What do you guys think I should do? Is it worth staying with my parents till I'm 18 (the extra 2.5 months on top)? Or maybe even longer past 18 because I know saving a lot of money is good? +Need some help/opinions on my thoughts regarding college savings. So I created a 529 plan for my daughter at her 1 year birthday and I planned to also open something for my son. However, I opened a Traditional IRA account instead vs a 529 plan (I'm in California by the way). I'm afraid of having both in a 529 and then end up having one not attend college. I know, kind of an odd way of thinking. LOL. Having it in an IRA gives us the flexibility of using it for our retirement and if both end up attending college I can always use that for college as well. + +The one issue I have right now is that I'm really not getting any tax benefits in a traditional IRA due to income limits so I'm planning to do a conversion to a Roth IRA. + +Any thoughts on this plan? Potential drawbacks? Good plan? Bad Plan? Should I stick to having 2 529 plans? +Hello everyone, +I am 27yrs old. Wanting to open an IRA account because I’m self employed. I am currently making around 65k a year. What do you guys recommend as far as choosing between a ROTH IRA and a traditional IRA? Your responses are much appreciated. Thank you. +Basically like a fund or whatever where you can't take anything out but can put as much or as little in as you'd prefer. It would be pretty useful if it's a thing. Like a piggy bank kinda. In thinking five years in my case. + +For reference I'm in the US of A +I invest each month into Vanguard Index Funds in a none-tax advantaged account. I see the Dow just hit 20,000. Should I continue always putting a potion of my salary into the these index funds for a 35 year target retirement date, regardless of the height of the market? + + +Edit 3: I went ahead and bouts some F, UNM and CTL but honestly I’m not seeing much out there. Everything is priced either fairly or overpriced and I’m not seeing any deals. I think we are at the top of this market. + + +Edit 2 : Since the MACD is about to cross over and RSI is so high I’m going to wait a few days before investing. FYI. But typically these value buys are good buys even at the top of a market. + + +Edit 1: someone was asking what this means + +This sorts all companies in the s&amp;amp;amp;p500 by a value function. The function uses quarterly earnings growth, price to book ratio, peg ratio, 52 week change. The list is sorted by each metric and each company is assigned a value. For example the company with the lowest price to book gets 1 point. The company with the second lowest price to book ratio gets 2 points. And so forth. After all the metrics are added up there’s a total value and the entire list is sorted by that total value. Ford has a total value of 236 which means it’s the best of all the metrics combined. and if you look at the numbers you can see why. Last quarter’s EPS went up 600%. + +It’s then up to you to examine the company and decide if you want to buy. Looking at Ford it’s revenue went down 50% and it’s EPS was already low so it didn’t take much for it to rise 600%. Net income and cash on hand went up so they must have laid off lot of people. + +You do this for every stock etc. this is just to give you a list of companies that stand out for you to pay attention to and possibly invest in. Based on this I would say Ford will survive and it’s a good buy at these prices. But you have to make your own mind up. That lost revenue looks terrible. + +——— + + +Link to previous post [Part 2](https://www.reddit.com/r/stocks/comments/hxsoou/created_a_list_of_under_valued_stocks_for_you/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf) + +Link to the post that got this started [Part 1](https://www.reddit.com/r/stocks/comments/g4a598/created_a_list_of_under_valued_stocks_for_you_guys/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf) + +Yada Yada Yada + +Here's the link for today + +[https://docs.google.com/spreadsheets/d/1AyaKWNyeEW8cHIKVzpsV0m8uUqhOkWUnMPSr4hreBKM/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1AyaKWNyeEW8cHIKVzpsV0m8uUqhOkWUnMPSr4hreBKM/edit?usp=sharing) + + + +Nearly every company has reported Q2 earnings. + + + +I was very surprised to see Ford (F) at the top of the list. UNM looks attractive although I wish I would have got in at $17. + +HIG also looks attractive. There's a lot of stocks that look attractive that didn't show up last time I posted because I only included companies that had reported earnings. Now that most have reported earnings I can feel more confident making these value purchases. + +Here is is a list sorted by industry and filtered by only good buys with a total value of 1000 or less (the smaller the number the better the score) + +[https://docs.google.com/spreadsheets/d/1bPekCvsFZnt1I4wPXn\_Kpv6oWbx-P5qhM-MesTXaQnk/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1bPekCvsFZnt1I4wPXn_Kpv6oWbx-P5qhM-MesTXaQnk/edit?usp=sharing) + + + +Here is a list of companies that did not lose money during the worse quarter ever. You probably can't go wrong investing in any of these companies + + +[https://docs.google.com/spreadsheets/d/1\_vIy6vn-Vmy\_LvAwLW1r\_b66CcQgPrNSnAq\_wbku5tQ/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1_vIy6vn-Vmy_LvAwLW1r_b66CcQgPrNSnAq_wbku5tQ/edit?usp=sharing) + + + + +I'm going to make another list that filters the above by book value. If you take the above and delete any company that has a book value greater than 2 then you have a very solid value list + +Edit: the first link with all the stocks got sorted by symbol instead of by total value. That has been fixed +I got a margin call from Schawb for 7.4M. While I am please they just sent me a letter from 5 days ago.. I wonder why? + +Basically I sold 1000 contracts on tesla.. vertical spread.. banked 143k about 5 hours later( would be 600k now lol) + +Just wondering why they think I violated day trading rules on a spread? + +Thanks + +Update: no issues and I dont owe them 7.4m as suspected. I guess I was not flagged as a pdt.. sounda like going forward they will restrict my account for 97 days if I do this again. Annoying since the most I personally had at risk was only 150k which I was ok with. Ohwell thanks for all the comments and special thanks to the snarky remarks. +I was at lunch today with some friends, and one aksed me if they could pick up the tab on my lunch. This has happened during multiple occasions with multiple people. + +I do dress like a bum, but I think it's pretty obvious that I'm not hurting for money... but maybe not? +Everyone I know at work is investing in BABA and blabbering about it all day. I wish I had got in when it was ~85 and the guys at work make me feel like a noob for never investing. + +Yet every online site I go to, there's always talk about nervousness about investing in BABA because people think it will drop massively. BABA doesn't seem to be too well liked on this sub either, why is that? + +Just curious, really +Hey guys for the longest time I always thought that inflation was the only bad thing but after doing some research a bit now deflation is as equally bad as it causes: + + +1.) delayed purchases ( people won't buy things knowing that their money would deflate in value so they can purchase that new house or new car for fewer monies the next year ) + + +2.) Deflation causes disruption in loans, bonds, treasury bills and etc. If the Goverment borrows money say 1,000,000 USD to obviously pay its creditors at a higher rate let's sa 2% so 1,020,000 USD because of deflation the purchasing power of 1,020,000 would now be higher than what was originally intended + + +Bottom line is inflation and deflation are neither good for the economy. So what asset is liquid that consistently retains its value overtime ? + + +Let me know thanks! +I think there will be multiple new things happening as soon as the split/dividend is completed. Who has some good predictions on what they may be and how soon. + +Thought this would be way more fun than current CS stuff happening. + +Maybe IOS wallet? + +Carve out? + +What do you think? +Graph of this issue: +https://pbs.twimg.com/media/Do2RFrvXsAAdrVM.jpg + +Since 12/31/2006, the weighting of the financial sector has decreased considerably. The global financial crisis of 2008 dropped the weight of the sector temporarily to just 11%. Financial services recovered quickly after the crisis but the sector is still much smaller compared to other sectors than it was before the crisis. Information technology sector has risen with the help of Apple, Microsoft and Alphabet from 15% to over 20%. Currently, the weight of Apple is 3.7% of the whole index. Since 2009, the weight of energy sector has halved and its currently just a bit more than 6%. The sharp decrease in oil prices has caused big worries for energy companies. In the beginning of 1980, energy was clearly the largest sector, making up 25% of the S&P 500. Also material companies are now just a fraction of what they used to be 35 years ago. + +How do you think the S&P 500 sector weightings will look 10 and 20 years from now? and why? +As I said in the post I was suddenly let go with no notice from my job. Companies in the US can of course do that whenever but there is a huge stigma if you’re an employee and quit without notice. Why is there such a double standard between employee and employer behavior? + + +In 1985, Costco introduced a deal at its food court: for the price of just $1.50 you could get a quarter pound hotdog and soda. Now, 37 years later, the price still hasn't changed, even as the cost of beef, labor, and other inputs has dramatically increased. With the rampant inflation that we are experiencing today, that same combo deal should cost >$5 meaning that Costco loses about tree fiddy per hotdog. + +Wallstreetbets is big and stronk. We have over 12 million members. If each WSB redditor goes out and buys 1000 hot dogs from Costco, we can lose Costco 12 million * $3.50 * 1000 = 42 billion dollars. If we also short Costco before their next earnings report, we can 1) Recover the cost of the hotdogs 2) Make a profit and 3) Get a lot of hotdogs + +Tl;dr A plan for WSB to turn hotdogs into tendies while Costco foots the bill. Might also solve world hunger, too. It can't go tits up +This podcast made me realize that as soon as an IPO is brought onto the market, the big money has already been made. + +The past week episode was about 2022 predictions, one of which Chamath said p2p web 3.0 payment processing in Africa was going to be a huge win for him. I googled it and found a company Ajua that he seed invested in. There is essentially no way for a retail investor with no access to these private angel investment funds and without millions of dollars to take a gamble and invest to even be exposed to these riskier exponential growth opportunities. + +It just further opened my eyes that odds are forever stacked against the retail investor. I think this is also why meme coins/stocks and nft’s have become so popular. It’s really difficult to gain entry into the big boys club. +* Italian yields have surged above 4% this week, spreads widened +* The meeting is set to take place at 11 a.m. Frankfurt time + +*Carolynn Look* + +> The European Central Bank’s Governing Council will hold an unscheduled meeting to discuss the recent selloff in government bonds, which has grown in intensity after plans were announced to begin raising interest rates from record lows. +> +> The rate-setting panel will convene on Wednesday “to discuss current market conditions,” according to an ECB spokesperson. The meeting will begin at 11am Frankfurt time, a person familiar with the matter said. A statement may follow. +> +> The announcement comes after the yield on Italy’s 10-year debt rose above 4% for the first time since 2014 this week. Investors are so far unconvinced the ECB can raise borrowing costs to combat unprecedented euro-zone inflation while also keeping yields among the bloc’s most vulnerable members in check. +> +> A possible 75 basis-point rate increase from the Federal Reserve later in the day could add to the jitters. +> +> Italian yields fell back as much as 29 basis points to 3.89% at Wednesday’s open, while the euro rose as much as 0.6% to 1.0475 against the dollar and money markets pared bets on a half-point rate hike next month to 50%. +> +> “The central bank needs to be concerned if investors cannot buy or sell bonds in secondary markets and issuers have to postpone funding,” said Christoph Rieger, head of fixed-rate strategy at Commerzbank. “In contrast to earlier episodes of disorderly market movements, however, inflation makes the difference this time around. The ECB cannot simply pour money at the problem as monetary tightening and higher rates are actually needed.” +> +> While government bonds have been jumpy for some time, the ECB has so far only allocated reinvestments from its pandemic asset-purchase program toward stabilizing what it considers unwarranted market turbulence. +> +> Investors, meanwhile, have been on the lookout for an additional instrument to tackle so-called fragmentation, and there was some disappointment when officials didn’t unveil one at their policy meeting last week. +> +> ### ‘No Limits’ +> +> While the Governing Council says it can quickly devise a new tool, it’s been reluctant to reveal details, convinced that there are few benefits in doing so and worried the markets may immediately try to test its limits. +> +> Executive Board member Isabel Schnabel -- who’s in charge of the ECB’s market operations -- signaled Tuesday evening that any response to bond-market panic will come when it’s needed and will depend on the specific situation officials are faced with. +> +> She did, however, pledge that the ECB won’t tolerate “changes in financing conditions that go beyond fundamental factors and that threaten monetary-policy transmission,” saying the commitment to stave off fragmentation “has no limits.” +> +> Those remarks drew parallels to former ECB President Mario Draghi’s famous 2012 promise to do “whatever it takes” to save the euro. Schnabel highlighted the ECB’s Pandemic Emergency Purchase Program and the OMT created under Draghi as examples of policy makers’ ability to respond to different kinds of market stress. +> +> The bond storm comes with the ECB poised to end eight years of negative rates with a “sustained” cycle of hikes planned from July and including a likely half-point move in September. It plans to end net purchases under a long-standing bond-buying program at the start of next month. +> +> Several Governing Council members were due to speak on Wednesday. Bundesbank President Joachim Nagel’s remarks at 11:15 a.m. in Milan have been cancelled, as have Bank of Spain chief Pablo Hernandez de Cos’s at 2:30 p.m. +> +> Wednesday’s ad hoc meeting was first reported by Italian newspaper Corriere della Sera. + +https://www.bloomberg.com/news/articles/2022-06-15/ecb-s-governing-council-to-meet-to-discuss-market-conditions +"It might make sense just to get some in case it catches on. If +enough people think the same way, that becomes a self fulfilling +prophecy. Once it gets bootstrapped, there are so many +applications if you could effortlessly pay a few cents to a +website as easily as dropping coins in a vending machine." + +Satoshi Nakamoto +A real world use-case that will likely modernize the entire industry, completed in the highest liquidity Cryptocurrency, naturally, completed in Bitcoin:- + +"We are trying to develop a cross-border payment system that’s easier and faster than what’s available now," + +https://www.bloomberg.com/news/articles/2018-01-23/first-cryptocurrency-freight-deal-takes-russian-wheat-to-turkey +So, at the top of the sub is now a speculation-tagged post with the Title "The Last DD: Fractional Share" and this post is basically claiming that if you have a fractional share in your CS account (which anyone who buys through CS does) and you eventually decide to sell your shares, those shares go back into the DTCC. As proof of this, the ape shows a screenshot that shows that shares they put up for sale go from "Class Common A" to "Direct stock." The logic behind the conclusion is based on the premises that + +1. If you have a fractional in plan holding, all book shares will be transitioned from Class A Common Stock to Direct stock (but not if there are no Fractionals) when you sell +2. Class A Common Stock are book shares and Direct Stock are plan shares +3. Plan shares/Directstock are sold through Computershare's broker +4. Computershare's broker will put your shares back into the DTCC/streetname when you sell book shares +5. Selling book shares without a fractional in plan will route them differently, so that the shares are only sold to peers outside of DTCC + +All of these premises have to be true, in order for the ape's conclusion to be correct and I didn't see evidence for all of these premises to be true yet. + +The ape then goes on to argue that you should be selling your fractional shares if you don't want your DRSed shares to go back into the DTCC when selling. In the comments I saw several other apes commenting that they have decided to sell their fractional shares or have already done so and this is where--as an ape who has been here since Jan 21--I want to caution you. Over 84 years, I have seen lots of DD urging you to do something that was later debunked. + +If what this ape says is true, there is no rush for you to act. You are not planning to sell anytime soon. Even if MOASS starts tomorrow, it will be months before the price reaches its peak IF it ever does reach a peak. You are safe. Your shares are safe. Wait for more DD. Wait for Dr. T's take on this claim. Wait for Computershare's confirmation that this is how selling works. Wait to see if selling without Fractionals is actually different. + +Furthermore, if the ape is correct, why would you sell your fractional now for $5 when you could wait to sell it for $25,000,000 a day or two before getting ready to sell a real share? Why would you SELL the fractional instead of BUYING more Fractionals to get a full share you can move into book? + +The worst case scenario if you decide to wait is... Well nothing happens if you wait, so just wait for more DD. + +The worst case scenario if you decide to sell that fractional share is that 200k apes decide to sell their Fractionals every single time they get their pay check and that adds up. Suddenly, you're providing liquidity to Hedgefunds when they were dieing of thirst. + +TL;DR: Don't listen to people trying to urge you to do anything right now especially if what they're urging you to do is to sell. BUY. DRS. HOLD for more info. +It’s like a fucking script 😂 now queue the pharma pump on how their trials are going and new favorable studies + +Hope we have Atleast one big down day before they start pumping some shit study with below average results 🤦🏻‍♂️ 🐻🌈 +9% of asx 200 companies have wiped off over 50% of their share price YTD. + +7% of asx 200 companies are currently under $1 per share. Yes, each company initially offers a varying amount of shares - but this is still an extremely high ratio compared to other major international indices. Alternatively, Australian companies may issue more shares compared to international counterparts. + +[link](https://tradingeconomics.com/australia/stock-market) +I own a small business and it somewhat pains me to see so much cash just sitting there not working. + +The cash is not being used for business purposes as it’s profit generated over the past 6 years. + +What can a Pty Ltd small business do to make further gains with their savings ? +New investor here and I’ve seen posts where people are sharing their monthly and/or annual dividend returns. Is there a particular app or apps that you are utilizing to calculate & display this information. I don’t see where this information is neatly displayed on fidelity or vanguards apps. + +I’d love insight on the best way to track this information so that I can properly track my progress. + +Thanks in advance for any insights. +I’m 24 yo and I started investing a year ago. +I have 20 stocks, 18 of them pay a dividend: +- APPL +- MMM +- CAT +- KO +- HD +- JNJ +- MCD +- MPW +- MDT +- MSFT +- NKE +- NVDA +- PEP +- PFE +- PG +- O +- V +- WMT + +My growth stocks are AMZN and GOOGL. + +I’m thinking of selling one of my dividend positions and buying TSLA, not sure about which one. My 2 candidates are: +- PFE: I’m not 100% convinced they will make so well after the vaccine hype. Price is going down fast. I have a really small position. +- HD: not a solid reason. I know investing shouldn’t be mixed with emotions, but when buying HD I don’t feel the “hype” I feel when buying something else. I’m not American so I’m not familiarized with the company. I bought it in the first place to diversify and because if its really good growth in the past years. + +Would you sell PFE? I’d like to have 20 positions, it’s a bit OCD. + +What are your favorite growth positions to complement your otherwise dividend-heavy portfolio? +I’ve been eyeing Domino’s Pizza stock for a while now. Reliably reporting profits for a number of years, plus a decent dividend (3.93% for the UK equivalent of the stock). + +The fundamentals are either great or flawed depending on how you look at it. People will always need to eat. However, (in the UK at least), the government is becoming increasingly concerned about the fast food industry, and has imposed taxes and other restrictions on fast food corporations in the past. I think we can expect other governments to follow suit with that mindset as well. + +Any thoughts on the company and the stock? +... what subreddit would you recommend me to read on investing for a moderately aggressive/safe route to start? I'm a two year old investor made mistakes, learned from them, but I would like to continue to expand on growth stocks but dive in to dividend stocks? +I've seen a few houses under 60k near leeds. + +https://imgur.com/a/QVP5lbI + +Currently 25 in London, have 40k saved and realised I will never buy a house on my 32k salary in London. I've seen some jobs in Leeds on 26/27k and would be about to buy a house quite easily for 60k. I have a very secure job for the gov and could easily move. + +Why are some areas in Leeds really cheap, houses and pints seem cheap? Are these houses worth it or is it better to spend more? Thanks +Hey apes, over dinner I was explaining the whole scenario to my girlfriends family and her father said I was crazy. + +“It’s just not possible for them to lie, I buy my shares and I am on the book, they cannot steal them or make it up.” + +I told him I would go away and put together some documentation for him. + +What’s the most damning DD you apes have seen? I would like to bring him only the best we have. + +Thanks apes 🦍🦍 + +EDIT: Should probably mention that I am a kangaroo ape, and majority of both mine and his portfolios are in the Australian market it which the market market systems are illegal. Hence why he is convinced that all markets work the same way. However as we know, the US market doesn’t and unfortunately the global market has heavy correlation to the US markets. +I don’t know who needs to hear this, but I hope it helps someone. We are on the winning side of the fight against a dying global system of corruption and they will not go down without fighting until their last breath. MOASS is all but guaranteed and will change each of our lives. However, sitting and waiting for life-changing money is no way to live. + +Do you want the habits you are establishing now to carry over into your post MOASS life? I could tell you stories about how poor I grew up or how I lived in a tent my first semester of college to establish how I can relate to folks in fucked up situations, but that is shown to not really help when encouraging others to get out of their rut. What does help is empathy. + +We’ve seen some shit and become aware of some fucked up shit about our world and it sucks. We watch crime happening every day, the bad guys seemingly getting away with it, and no one doing a damn thing about it (seemingly). **BUT**! We are doing something! We have DRSd an unprecedented amount of shares and we are throwing a wrench in their Fukn money printer! + +It’s understandable to be sad, desperate and depressed about the situation and we’ve all got fucked up problems MOASS could help solve. No one of us should discount the problems of the others, and it’s hard and it fukn hurts. Things could and probably will get worse before MOASS for a lot of us. + +I’ve been SUPER FUKD before in my life and wanted to give up, but pushing forward, taking even the tiniest steps always led me out of my darkest times. You don’t have to start with life changing activities. You don’t have to start exercising or change your job or get an education right away. Start small, seek happiness where you can, in moments however brief. Build from there. + +It helps to have a future state in mind, a goal where you see yourself fulfilled and content. You can and should use your MOASS state as your end goal. Who do you want to be post MOASS? How do you envision your life then? What small things can you do right now to take a step towards being that version of you? + +My life has already become so much better because of this sub and the things I’ve learned from this saga. I had moments where I tried to just sit and wait on MOASS, but we can and should keep living until then. If you can’t vacation go camping, go to a park, play a game, enjoy yourself. If you can’t change jobs make an improvement at your job you can live with or be proud of, do it for yourself not the company. If you can’t afford anything but ramen, throw some spices on that bitch, live a little. If your family is fucked up and giving you shit, walk away for a bit, do something for yourself. + +We all only get one shot at this life, make it yours and make it work for you as much as you can. Life is too short to just crawl up in a ball and wait for anything. +This is probably a weird question for UKPF. I drive a '56 diesel car which has been very reliable for the last 10 years, and still gets good mpg. + +It's up for its yearly MOT, and I'm anticipating about £300 for repairs to get it through. + +I don't know what the current used car market is like, but if the repair cost was £1000+ I feel like it would be worth moving on to something else. + +Is that a reasonable threshold? My vehicular needs are something to drive to see family every three or four weeks, as luckily I don't need to commute. + +Edit: panic over, everyone. The car passed! +We exchanged on a house last month and are due to complete in June. There is a small to medium chance that my wife could lose her job before we complete and if we'd known this a few months ago then we definitely wouldn't have exchanged. Without my wife's salary, our total salary wouldn't have been enough for the lender (Natwest) to give us a mortgage offer. + +Even without my wife's salary we would have enough savings to cover the mortgage for years but I know lenders don't consider this. + +I am aware that the lender's terms state that you must tell them if your circumstances change prior to completion. But so that we have all the information, do any lenders physically check salaries once a mortgage offer has been issued (assuming the offer hasn't expired)? This is a very stressful time since we could lose our deposit and not get the house so I'm looking for all the information. + +EDIT: We are moving into a new build that isn't finished until June which is why we have to wait until then to complete. +I've dedicated a large percentage of my portfolio to renewable energy companies and have obtained some knowledge on the sector and specific companies in doing so. I've noticed a trend of people inquiring about these companies so I hope that this post can provide some information. + +--------------------------- + +I'll provide a brief bullish thesis and some information about my investments in renewables. These are in order of weight in my portfolio. + +------------------------------ + +Tesla (TSLA) (511% gain) + +Most of us know what Tesla is about. They are the global leader in electric vehicles and will eventually come out with autonomous driving but I'll focus on their energy business. They sell solar panels with the lowest cost/watt of U.S. manufacturers, but this isn't the exciting part of their energy business. They are a leader in battery storage, which is an integral part of a renewable future. Energy storage systems store energy produced from solar panels and when the sun isn't shining, energy is consumed from the batteries instead. Also their autobidder software, which is out in trial in Massachusetts and Australia I believe, eventually will turn energy into a market place for Tesla customers. Read more about autobidder here: https://www.tesla.com/support/autobidder + +My bull case for Tesla (specifically the energy side of the business) is that they will continue to innovate with their low cost panels, and be a leader in battery storage, plus leverage their autobidder software to bring added value to residential customers. + +-------------------------------------- + +Vestas Wind Systems (VWDRY) (91.4% gain) + +https://www.vestas.com/~/media/vestas/investor/investor%20pdf/financial%20reports/2020/q2/2020%20q2_pres.pdf + +Vestas is the leading manufacturer and installer of wind turbines. They have a global footprint and are expected to grow in line with the growth of the wind industry as a whole. A major growth engine in their business is going to be their expanding service and maintenance business, which has very high margins. My bull case for Vestas is that they are a unique pure play wind turbine company with years of experience in the growing industry. + +-------------------------------- + +First Solar (FSLR). (24% gain) + +First Solar is an American based solar module manufacturing and solar project operating company. Most of their business comes from corporate and grid level solar projects. Notably, they have Next Era Energy, Microsoft and Apple as customers. The real bullish case behind First Solar is around their differentiated Cadmium Telluride solar modules. Compared to the standard Crystalline silicon technology, First Solar's modules last longer and produce energy at higher efficiencies in hotter climates. + +My bull case for First Solar is around their differentiated technology, strong balance sheet, and position as an American company, which typically warrants a higher P/E ratio than foreign companies. + +---------------------------------- + +Jinko Solar (JKS) (22% gain) + +https://ir.jinkosolar.com/static-files/5a6d9266-d288-4ece-a0ea-f8e49ff60119 + +Jinko Solar is a leader is a Chinese based solar panel manufacturer. They produce low cost modules and also manage solar projects. Their business model is similar to First Solar's, however they trade at a cheaper valuation, due to being a Chinese company. You can read more about their technology on their investor relations page, but my main bull case for this company is around their position in South East Asia as a leading manufacturer, as this is undoubtably the biggest potential market for solar energy. + +-------------------------- + +Canadian Solar (CSIQ) (27.5% gain) + +http://investors.canadiansolar.com/events + +Canadian Solar is also a leader in the module manufacturing & project development business. They have a similar business model with Jinko and First Solar. Canadian Solar owns equity stakes in several of their solar projects, which gives them a source of recurring revenue. They also have a large footprint in American grid/commercial systems and are a market leader in North America. +They trade at an absurdly low 5 P/E ratio despite significant growth expectations in the coming years. + +My bull case for CSIQ is around their ability to dominate the current market and potential to capitalize off of further market growth and consolidation towards the biggest solar companies. Also their current valuation is very intriguing. + +-------------------------- + +SolarEdge (SEDG) (126% gain) + +https://investors.solaredge.com/ + +SolarEdge is the global leader in the Inverter space, with a 60% U.S. market share. For those who don't know, Inverter's turn the D.C. electrical current from the sun into an A.C. current, which is used by households. The inverter business is also much higher margin than the module (panel) business, due to there being fewer players in the industry. They are also expanding into energy storage and electric vehicle manufacturing. + +My bull case around SolarEdge is around their market dominance in the Solar Inverter business, which will grow exponentially in the coming years plus future expansion in storage & EVs. They have a very strong management team as well. + +-------------------------- + +TPI composites (TPIC). (70.55% gain) + +https://ir.tpicomposites.com/download/companies/tpicomposites/Supplements/TPI%20Earnings%20Deck%202Q20.pdf + +TPI composites manufacturers wind blades and sells them to wind turbine companies. They have long term contracts with the top 5 non Chinese wind turbine companies (Vestas, GE, Siemens, Nordex & Enercon.) 63% of total wind blade manufacturing is outsourced to companies like TPI and they are the market leader in this space with about 20% market share globally. The business currently has low margins, but they target a 12% EBITDA margin for the future, and they trade at a measly 0.74 P/S ratio currently. They are also expanding into EV composite manufacturing and have a contract with a certain EV company that I can't mention on this subreddit apparently (DM if you want more info) to manufacture vehicle parts for them. + +------------------- + +Enphase Energy (ENPH) (46% gain) + +https://investor.enphase.com/static-files/81902e59-7d61-4693-aa86-8d54e63975b9 + +Enphase is the sole producer of Microinverters, which are smaller inverters that go on individual panels and provide a safer, more efficient, but more expensive solution than the standard string inverters. Microinverters are used in smaller solar systems, mostly residential. They also have an energy storage business that is just starting to scale. Enphase and SolarEdge are competitors in both of these spaces, and are expected to be major players in the future. Like SolarEdge, Enphases' inverter business is high margin and expects rapid future growth, as the residential solar market grows. + +My bullish case around Enphase is around their Microinverter technology, potential for expansion into storage and unique Ensamble home energy management system (read about Ensamble on the Investor relations page). + +----------------------- + +Brookfield Renewables (BEPC). (12% gain) + +https://bep.brookfield.com/~/media/Files/B/Brookfield-BEP-IR-V2/events-and-presentations/bep-investor-brochure-q1-2020-vf.pdf + +Brookfield Renewables owns and operates renewable energy systems and projects. They sell energy produced from such systems to utility companies and have a recurring revenue stream. They also pay a 3.73% dividend yield. Their investments are split between Hydroelectric, solar and wind. + +My bullish thesis around BEPC is the consistent cash flow positive revenue stream and relative safety in the business model. Also, they provide me with exposure to hydroelectric energy. + +-------------------------------- + +Let me know if you have any comments, hold, or plan to buy any of these companies! + +NOTE: I'm 19 years old and have a 5-10 year+ timeline for holding/buying into all of these companies + +PS: These are not all of my holdings, just the renewable energy portion of my portfolio. (which including Tesla makes up more than half, exluding Tesla about 1/4) +Since Dogecoin has been talked a lot here on this sub today and many people have come supporting it or attacking it, it is worth noting that one single investor owns more than a quarter of all Dogecoins in existence. + +>A dogecoin "whale" owns 28% of the meme-based token, according to a report from the Wall Street Journal. + +>Records reveal that 28% of the cryptocurrency in circulation is owned by a single investor, though the person or entity has not been identified. + +https://markets.businessinsider.com/currencies/news/dogecoin-biggest-holder-owns-28-of-the-cryptocurrency-2021-2-1030093749 + +You might have made a lot of money of it, but I think that a single person owning so much it's at the very least a serious redflag. + +EDIT: [This is the address in question](https://dogechain.info/address/DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L). Many have said that it is from Robinhood. While it is possible because of the amount of money it has, **the address has only received 878 transactions and has only sent 21 transactions.** Very unusual for an exchange address. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +***Posting this on behalf of fiancee, I'll gather any additional information as needed: +*** +Last year (2012-2013), my parents claimed me on their taxes even though I spent the entire calendar year living elsewhere and provided for 60% of my own expenses. We argued about it, but they basically said "too bad we already did it, we will talk about it next year". + +This year (2013-2014), I have officially moved in with my boyfriend and I graduated college. I provided for more than 95% of my own personal expenses (pretty much everything other than "hey can I borrow a few bucks til payday") and I got engaged to my boyfriend. We are not yet married. + +I anticipate them putting up a fight because I am under the impression they get more money back on their taxes because they claim me. However I'm also under the impression that I am paying too much in taxes because I'm being claimed as a dependent. Due to the fact that I am not living there, I find this unfair as I work very very hard (50+ hrs a week) for my income and I would like to retain more of it. + +The way I understand it, if I claim myself and do everything correctly, and they claim me, if the IRS were to come questioning us, I would basically say "I filed my taxes correctly and truthfully, and it isn't my responsibility to make sure other people, whether they are my parents or not, are also doing that". + +I don't wanna screw my parents over in any way but I am fairly adamant about having them not claim me anymore -- not only do I fully provide for myself, but I am getting married this year so it's not like they can claim me after this year anyways. + +Help? What do I do? How do I pose this? Should I officially change my address immediately (or does this have no bearing on tax dependent status?) Any opinion or information is appreciated. + +**EDIT: Thanks everyone. I have enough information! Have a good tax season haha.** +As I write this, DOGE is a hair under a $70 billion market cap. I know there’s plenty of new people here loving their sick gainz from their $100 investment, but let me assure you, when it pops it will be ugly. And it will pop. With a market cap that large and so much public visibility and notoriety, this thing will bring down the rest of the market with it. Hopefully, the market shrugs it off and continues the bull run, but I fear with how fucking frothy this market is getting. + +Update: $86 billion USD +I moved to London last year, and landed a boring lower-middle management admin role in a finance firm for £35K. I'm in my early 30's, and definitely underemployed but struggling to get onto a promising career path after some mental health issues, moving countries, and leaving the not for profit sector. (That's a whole other issue though). + + +I moved from Australia where wages are much higher, so I'm still trying to gauge how well paid (or not) I am and how much I should be spending on things. + +I'm spending £800pm (inc bills) on rent, which is just over 30% of my net pay. I'm also saving 10% towards a house deposit. I have an itemised budget that I moreorless stick to, and I'm careful about saving costs wherever I can. + +Perhaps I'm too frugal but I'm starting to feel like a real tight-arse, as often when I'm chatting to others my age their spending habits far exceed mine. Whereas I'm slowly kitting out my bedroom with second hand IKEA, they're buying custom furniture. When I'm buying my workwear from H&M, they're all dressed in LK Bennett. If they're in the front row of the concert, I'm in the cheap seats Etc etc. I would LOVE to have a nicer room and better clothes, but I think the extra cost would be a stretch and leave me no wiggle room in my budget. + +I know that other people will earn more, have different attitudes to money, and possibly credit card debts, but the people I'm spending time with are also single women in share houses, and I figure they can't be earning *that* much more otherwise they'd likely be living alone by now. + +Of course this comes down to individual choice, but do you think I'm being too tight? I'm worried that my reluctance to spend money on expensive experiences is limiting my ability to make friends and enjoy London. + +How do you deal with disposable income envy? And how do you know if you're being too tight? +I commented this in the daily thread but since someone else said they hadn't heard of D1 either, I figured I'd make a new thread about it which will probably get lost here but oh well. + +**TLDR: I'm just rambling about the 13F's from one firm (D1 Capital Partners) who (1) I hadn't heard of before, and (2) lost over $4b shorting GME.** + +This is kinda interesting...so I read the thread about Point72 backing a company called Wata Games. The article I read also mentioned that earlier this year, Cohen Private Ventures, LLC was part of an investor group (with Turner and D1 Capital Partners) that acquired another similar company called Collectors Universe. I hadn't heard of D1 Capital Partners before so I did a little research (emphasis on little). + +Side note - Cohen Private Ventures, LLC is run by Andrew B. Cohen, who acts on behalf of Steven Cohen. From P72 website... + +>Andrew B. Cohen is the Chief Investment Officer and Co-Founder of Cohen Private Ventures which invests long-term capital, primarily in direct private investments and other opportunistic transactions, and manages family office activities, **on behalf of Steven A. Cohen**. + +Anyways, back on topic. + +**D1 Capital Partners** had $21.2b in their 13F @ the end of 2020. **They reported losing $4b in the first quarter just from shorting GME**, and then reports say they gained back 90% of that loss by April 2021. + +- Their 13F for the period ending 3/30/2021 (so this covers the 'by April 2021' part) says its total value was $13.5b. + +- So pre-squeeze, they had $21.2b in 13F, and at the end of March, they had $13.5b in the 13F, a decrease of ~$7.7b (~36%) over the 3-month quarter. So outside of their GME losses during that quarter, which they claimed was $4b, their 13F also declined in value by another $3.7b. + +- *Interestingly, their ADV from 3/30/2021 says they had $33.9b AUM, so about $20b of assets they manage were from things outside their 13F filings (cough convertible bonds). The ADV also says that $18.4b of the $33.9b AUM (~54%) are from clients who are non-US persons, fun fun!* + +- Then they said they apparently earned 90% of the GME losses back. We'll see at the next filing I guess, but at the actual quarter-end (3/30/2021), they were still down an overall 36% from their 13F investments compared to the beginning of the year, but they had the media report (in vague language at that) that they gained back 90% of losses. + +Side note 2 - GME never appears in any of their 13F's :) + +This is the description of D1's investment strategy: + +>Regarding the public markets, the firm invests in publicly traded equities and other related securities such as **equity derivatives and convertible bonds**. It utilizes a global Long/short equity strategy with a focus on medium to long-term returns. + +The interesting thing here to me is that they say they not only invest in publicly traded equities but also **equity derivatives and convertible bonds**. I was wondering what their strategy for equity derivatives was, so I wanted to look at their filings and see what options they had invested in over the years. If you look at their 13F filings on SEC Edgar since D1 began, *only ONE filing has ever had anything other than straight-up stocks being reported in it*. + +- The one and only 13F filing of theirs that had anything other than stocks was the first one, which was for the quarter ending 12/31/2018. The only options they ever reported in their 13F was 1.3m call options in Alibaba. So they went into 2019 with 2.0m shares of Alibaba and 1.3m call options for it. + +- The next 13F they filed for the quarter ending 3/31/2019 had ZERO shares and options for Alibaba. Everything they had in Alibaba was gone by 3/31/2019. + +- Guess what, in the next 13F they filed for the quarter ending 6/30/2019, they reported having 4.2m shares of Alibaba, and no options at all. + +So they went from having 2.0m shares and 1.3m call options at 12/31/2018, to 0 shares and 0 call options by 3/31/2019, and then back up to having 4.2m shares by 6/30/2019. + +- If you check out the stock price movement over that period of time, it was at ~$180 per share at the end of 2018. Then during the next quarter (so the quarter they sold EVERYTHING Alibaba related) it peaked at $205 in January and hit $200 again in mid-March. Then during the next quarter (so the quarter they went from 0 shares to 4.2m shares) it dropped to a low of ~$165 in April. **They made a lot of money on the ONLY option they EVER reported in their 13F's**. I'm not saying they had any inside information, but going from 3.3m worth of shares (in shares and options) to 0 to 4.2m in less than 6 months is an interesting strategy. And Cohen is known for his insider information. + +My sources were limited as I mainly just pulled from official filings: + +[A link to SEC Edgar for all of their 13F's.](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001747057&type=13F&dateb=&owner=exclude&count=40&search_text=) + +[A link to the article about P72 investing in Wata Games, which started me down the D1 path.](https://www.businesswire.com/news/home/20210714005598/en/Collectors-Universe-Expands-Into-Video-Game-Authentication-Grading-with-Acquisition-of-Wata-Games) + +[A link to Point72 website talking about Andrew B. Cohen.](https://www.point72.com/leadership/andrew-cohen/) + +[A link to an article (Bloomberg paywall unfortunately) about their $4b loss from shorting GME.](https://www.bloomberg.com/news/articles/2021-01-28/dan-sundheim-s-20-billion-d1-capital-loses-about-20-this-month) + +[A link to an article (Bloomberg paywall unfortunately) about them recouping their losses.](https://www.bloomberg.com/news/articles/2021-04-21/dan-sundheim-s-d1-shakes-off-its-4-billion-reddit-fueled-fiasco) +Aren't people experiencing poverty already going through enough? People just simply venting shouldn't be getting unsolicited advice from people who have no empathy and think everybody can just "get a better job." + +Either be kind or don't say anything at all, it's really not that difficult. +https://www.gamstop.co.uk + +I thought this subreddit would be a good place to post this. I know if this scheme had launched years ago my life would be a much better place today. Signing up to this service will exclude you from all online gambling sites licenced by the UK Gambling Comission, along with any new sites that open in future. All online gambling providers are now required to register with this service. + + +Donor Advised Funds (DAFs) are an advanced late-game strategy that don't get a lot of attention. Most FIRE guides advocate for first taking advantage of tax advantaged opportunities, like 401(k)s, Roth IRAs, and HSAs. If you're planning on using the Roth ladder strategy, however, it's advisable to build up at least 5 years worth of spending in a taxable investment account. That's where DAFs come into play - they're a way to reduce taxes on the gains in your taxable brokerage bucket. + +Let's say you're a member of a church and typically donate about $5,000 a year to them (or any other charitable or nonprofit organization). Instead of giving that donation in straight cash, you set up a DAF through Schwab, Fidelity, Vanguard, etc, contribute to the DAF from your taxable brokerage account, and then donate them appreciated stock - don't worry, your charity just gets a check for cash. In addition to being able to deduct the donation to the DAF if you're above the standard deduction (which may become more applicable in future years if the Trump tax cuts are eventually allowed to expire), you also avoid capital gains on that appreciated stock. You get credit for your donation upon donation to the DAF, not when it's distributed to the charity - so you can even stack up several years worth of charitable contributions into a single year. + +If you're still working and earning an income, you can then replace that money in your taxable brokerage account with new cash (presumably the cash you would have given to the charity without the DAF). This effectively raises the basis on your taxable brokerage account, erasing any gains on paper and reducing future capital gains taxes. + +You'll still owe taxes on dividends, and unless you're donating a ton to charity, this probably won't be enough to completely eliminate your capital gains, but it can be pretty helpful in reducing your tax exposure in that bucket. +Hey guys, I just published this article about [cost of living in the UK](https://www.moneynest.co.uk/cost-of-living-uk/), but wanted to share a short-and sweet version here. + + +I took data from Numbeo and Land Registry crunched it in Excel and ran it through Google Data Studio (charts not shown here for simplicity) to produce the following insights: + + +**Which city is the cheapest to live in?** + +|City|Cost of living (individual)|Cost of living (couple)| +|:-|:-|:-| +|Hull|£706.81|£1,437.75| +|Belfast|£819.20|£1,523.79| +|Sheffield|£829.00|£1,552.47| + +*Lowest cost of living measured by average monthly spend (crowdsourced via Numbeo)* + +&#x200B; + +As you might expect cities in the North and Midlands rank far higher than most southern cities. + +&#x200B; + +**Which city offers the highest amount of disposable income?** + +|City|Disposable income (individual)|Disposable income (couple)| +|:-|:-|:-| +|Derby|£1,287.04|£2,705.29| +|Reading|£1,168.48|£2,604.38| +|Coventry|£1,115.90|£2,481.14| + +*Based on average salary minus average rent and average monthly outgoings (crowdsourced via Numbeo)* + +&#x200B; + +What happened to Hull!? Suddenly the map is less dominated by the Northern & Midlands as the Southern cities such as Reading, Southampton and Bristol swing into battle with salaries high enough to offset the higher cost of living. + + + + +**Which city takes the shortest time to save for a deposit?** + +|City|Time required to save for a deposit (individual)|Time required to save for a deposit (couple)| +|:-|:-|:-| +|Derby|8 months|3 months| +|Aberdeen|10 months|5 months| +|Coventry|11 months|4 months| + +*Based on an average salary (via Numbeo) and cost of apartment (via Land Registry Index).* + +&#x200B; + +Guess whose back! The North, Midland and Scottish cities charge back once again with house prices so tantalising low the higher salaries ‘down south’ can’t compete. Could an interesting strategy be to save up in a town like Reading when you’re young and then move to a cheaper city ‘up north’ to purchase your first home? + +&#x200B; + +A few other interesting stats pulled from the post: +Between 1997 - 2017: + +* Wages increased: 19% +* Rents increased: 38% +* House prices increased: 173% +* Home ownership for 25-34yr olds fell 36% from 55% to 35% + + +Hope that provides some useful info! +I used to think that Zuckerberg only has a certain window of time to show that his metaverse push is fruitful, and if he fails to do this within that time frame, then Meta's board will vote his ass out and pull the plug on all the metaverse funding. + +However, the way I understand it, is that Mark basically has full controlling power over the company, and he could literally ride this metaverse thing into the ground if he wants to, and nobody inside Meta, nor any of their other majority shareholders can do a damn thing about it. Is this correct? + + +NOTE: I actually believe that VR/AR will be an unbelievably dominant force in the future of humanity. It really is the next computing platform. It's a runaway train, and that train has left the station. There's no getting that toothpaste back in the bottle. The VR/AR thing will happen, **but the problem is, it could easily be another 15 to 20 years away from legit viability.** + +My biggest concern is that META gets another 7 years into this Metaverse push before pulling the funding plug. I'm most concerned with them giving up on this idea six or seven years too early, or not having enough cash to power the company through all the years it's going to take to see this thing hit the finish line. + +First Movers Advantage can be a curse if you're there 15 years before society is ready for it (OnLive in a great example of a first mover that didn't make it. They were a game streaming company) +I went to an inspection recently on a house that is guided 2m and the surprising thing is there are a lot of young couples there. I’d guess early 30 with a toddler. How can these people have accumulated so much wealth at a reasonably young age? And given then toddler, shouldn’t they also be single income household? Why are people so rich in Sydney? +Hi all, We’re looking to purchase an apartment as our first home not too far off from melbourne CBD, it’s a spacious 2 bedroom and 2 bath however we’re told strata fee is approx $5700 per annum. Building is old and has a pool, small gym. + +Would that be excessive or pretty standard for strata? + +Ontop of water and council fees it works out to be approx $7500 p.a or ($630) per month. + +I just feel if we’re buying a home isn’t this like paying 30% of your rent ongoing? (When u add all fees) Or owning a house works out the same anyway? + +Thanks everyone +Hi everyone, + +I’m about to sell my late father’s car, and will also have some money leftover from his funeral fund. + +I’ve never had a (potential) amount of money this large & to be honest I’m scared about what to do with it... I really want to be responsible & try to better my life/set myself up for later. + +Current situation: I’m in my 20s & disabled, but work a couple of jobs so I earn about $600/wk (variable income). I have a lot of medical expenses, so all of this money goes every week... I don’t have enough to save. + +I would really appreciate any ideas or advice... I’m really grieving & struggling & overwhelmed. + +(PS I need dental implants, so part of me is tempted to use this money on those - but honestly I can’t bear to just use it like that... I’d rather do something to try to “grow” the money & help myself financially in the long run, and just do a payment plan with the dentist.) +Hi everyone, to help get a better handle on some of the unconscious biases and backgrounds that influence the debates in this sub, I thought it’d be great to get a straw poll of where people are in their life journey. + +We discuss so many issues here, and I’m interested to see whether we skew younger or older. Thanks! + +[View Poll](https://www.reddit.com/poll/hm40nv) +The price you pay will be whatever you negotiate with the seller, the agent fees come out of the sellers take right? Is there any point to trying to negotiate agent fees? +Hey guys, + +A little bit newer to the real estate community as I hope to get involved soon. I’m trying to look for good deals in “good” locations but what makes a location good? + +What are the indicators that tell me it’s a safe location, up and coming, clean? + +Or what things in general do you look for in a location that you’re thinking about buying in? + +Anything helps. Thanks! +Hey all, first time home buyer/new investor here and am weighing buying a primary residence in west LA (2br/2ba townhouse in either Marina del Rey, Venice or Playa), or continuing to rent and instead buying a few smaller single family homes in growth cities (e.g., Phoenix, Vegas, SLC, others) and renting them out/holding as investment properties. + +Have done some preliminary analysis and seems pretty clear that the latter is likely a better long-term creator of wealth but have a few existential questions. + +1. Broad strokes - curious to hear views on buying in LA vs. other areas...obviously outcome here is very assumption-driven and people have their own reasons for buying a residence vs. continuing to rent and investing in rental properties. For those that have been there and decided either way - what went into the decision? For those who have successfully rented/flipped SFHs, would you do it again? + +2. Growth cities - which markets are you most excited about? Realize there's a ton that goes into this question and it's very speculative - trying to synthesize trends (jobs, population growth, construction, rent growth, crime, etc) and understand what's most important. Las Vegas and Phoenix are very interesting in southwest...Philly, Pittsburgh in northeast...Orlando in southeast...Dallas, Austin, Houston, Denver, SLC in midwest. Curious to hear anecdotal thoughts or thoughts from anyone that's spent time looking at this data or spent time in any of these markets + +3. Data - on the data point, would imagine there's a way to index a lot of demographic trends (maybe from census...population, jobs, crime, growth) in various cities and combine with property data (price appreciation, new construction, vacancies, rent growth) in diff markets. Would be mixing and matching different sources and generate an "optimal" set of listings across different markets depending on the indices. I'm assuming a lot of people in this subreddit have spent time thinking through these questions. How should I think about this? + +4. General operations - Should I purchase the houses under an LLC? In terms of managing the properties, what's the best way to eventually get this on autopilot? Obviously a newbie question, but would guess the key is economies of scale with the right property management partner (don't intend on managing myself) and avoiding places that need a ton of work. What are some other pitfalls people inevitably encounter? Thinking through marketing, legal considerations for leases, liability, bad tenants, etc. - are those issues property managers generally handle? + +5. Cash flow - any general tips on optimizing cap rate in any of these markets within single family? My model is barely breaking even on (levered) monthly cash flow after expected rent, property mgmt, maintenance, taxes, insurance, etc. Is 15% of gross rent reasonable for full-service property managers (maintenance, marketing, rent collection, legal, etc) or should this figure be much higher? The dream is to completely subsidize my personal rent with extra passive cash flow but definitely want to avoid a situation that's going to be a money pit + +6. Opportunity cost and general investment - have been saving for years and looking to put ~$200k to work regardless. Could I get the same or similar exposure/returns through a crowd-funded real estate investment platform without the liability? More generally, if you were to invest this amount today into any asset class (or combo of asset classes), would real estate (and specifically, SFH rentals in growth cities) be on that list? I like the idea of rentals as a learning experience. And finally - there's something enticing about buying a nice townhouse for myself and being done paying rent. How to weigh all of this? + +Any/all thoughts are much appreciated and apologies for the super long post. Thanks in advance and happy holidays! +Watch what you're buying. This was in a new listing: "Previous owner sold property then refused to move out or pay rent due to COVID. Property to be sold with occupant in place and waiting to be able to get a flight out of country which is not possible now due to COVID restrictions." + +&#x200B; + +This was for investment property (2+ units) in Southern California. +I’m an investor getting into private investing and now want to get into real estate. I’ve been researching the flip model and even landlord, but it’s a lot of work. So, now I’m considering crowdfunded real estate. Any thoughts? Does anybody have experience in this? [Mid Century Rehab ](http://ezrt.io/3dba032) +Hey, everyone. First time posting, long time lurker. Thanks in advance for sharing your thoughts. My apologies for the lengthly post. + +My wife and I bought our home in April 2020. I was at lunch with a friend, who is a realtor, and my email notified me of a new listing. I immediately knew it was the house for us. We put in an offer for $680k ($10k over asking) and sent a letter to the owners explaining how much we love the house and would be thrilled to one day live there. They accepted and it was ours. This was a huge gamble on our part as it was peak Covid hysteria and no one knew what was going to happen with the economy. + +I love this house though I wish it were a little larger (3,100 sqft) and on a larger lot (1/3rd acre). + +Over the last 18 months the values in this area have skyrocketed. Yes, like most of the country. Our neighbors house just sold for $1.5m (in 5 days on the market) and it’s smaller/not renovated. My realtor-friend is confident he can get us $1.7m--$1.8m leaving us with about $1m in profit in less than 2 years. Homes here are also long-term renting for \~ $9k per month. (Quick note, I owe $490k on the house). + +I know the big question is, 'but where would you go?' + +A few months ago I found a 1/2 acre lot for sale about 10 minutes away and decided to put in a lowball offer. I ended up securing the lot for $360k in an community where homes sell for about $2.5m. Since I’ve purchased this lot, one across the street has sold for $545k. So I have some equity there, though I’m not enticed by that at the moment. + +We can build a 5k sqft house on this lot for about $1m, leaving us all in at $1.5m or so. And this home would be worth about $2.5m. + +Enough backstory… onto the question. + +Would you sell the current home or keep it and rent it out: + +* A) Sell the current home for $1.7M and pocket $1M in profit in 2 years. Roll some proceeds into building a new home valued at $2.5M. Obviously i don’t need to use all the cash as I don’t mind carrying a mortgage (800k or so). This would leave us with an $800k mortgage on a $2.5m-$2.8m home. +* B) Keep both. Take out a loan to fund construction, which will probably have an astronomical rate of 6-8%, and then roll that into a mortgage upon completion of the build. This would leave me with a rental that costs about $45,000 per year to own (including everything) and income of $108,000, for an annual profit of $63,000. This would be more of a cash strapped position but doable. + +I know it may seem obvious to go with B and keep the income generating property, but I was thrown off buy a few real estate investor friends that said the opposite, "At your age (36) and $1M in 2 years... take the money." + +What do you guys think? Sell and cash out or play a bit of financial Tetris to keep both and rent. + +Thank you +It is extremely interesting to see this come to fruition from a variety of angles. + +Back in the 70's an investor by the name of Jack Miller was laughed at by the NAR when he gave a talk about SFH's being an optimal investment vehicle. He predicted for many years that institutional owners would one day recognize SFH potential and become heavily vested in the sector. + +Many other great takeaways from the article. Will be interested to see what other sub members pick out. + +http://fortune.com/longform/single-family-home-ai-algorithms/ +Our food bank is only open on tuesdays, I have no food left and I need this $3 to get me by. I didn't eat yesterday and I don't think my judgement is very good right now so looking for some advice on how you would spend it + +Also a special thanks for people downvoting my responses. I'm sorry that I don't have the stores that you recommended. Many of you suggested rice and beans, which is what I plan to do. I also didn't ask for advice on which of my belongings I should sell. Thanks for the people who left advice in good faith I appreciate that you took the time to help a stranger. + +I'll be deleting my account now, didn't expect so much hate in my dm. +This might have been asked already so if you have a link to a previous post that would be helpful. I'm wondering what kind of benefits you can get if you have a decent sum invested and whether it make sense to keep all of it in one account or several others. I know bank accounts are insured by the FDIC but does that apply to brokerage accounts? +I'm nowhere near where it would be financially responsible to buy a light private jet but I'm a dreamer and I got curious. I came across across certain articles and they are all saying different hours. Does anyone here have any experience in buying a private jet and/or fractional ownership? + +https://www.sherpareport.com/aircraft/aircraft-overview/costs-embraer-phenom-300.html + +https://www.libertyjet.com/jet-ownership-costs.aspx?jetType=EM%20Phenom%20300 + +https://www.sherpareport.com/aircraft/fractional-shares-light-jets.html + +I did some of my own quick calculations based on these articles and the tipping point seems to be around 400 hours. If you fly 400+ hours each year it would be better to buy your own light private jet. But that is without the tax benefits of buying and the missed opportunity cost of fractional ownership and then investing your remaining money. +So you are a huge financial institution that is about to be caught with your pants down in what (allegedly is) the biggest financial scandal in human history. The people that caught you cannot be bought or influenced, which is frankly the only thing you are good at. What do you do? + +The goal over the last few weeks have been as followed: + +- Convert savvy investors into a unintelligent internet group that follows someone religiously + +- Use their messages and connect them to groups people are already weary of ( Remember that anonymous mask?) + +- Have that said group push their message (right info , wrong vehicle) "FINALLY, Someone is hearing us!" + +- Spin this in court to show that these individuals were working as a cohort (instead of the truth; which is a lot of people found your dirty laundry) + +I welcome the downvotes. + +Ryan Cohen and I have no personal relationship. If Ryan Cohen was bad at his job he should be fired, he however, has done very well up to date 😊. + +Im a happy investor awaiting the NFT marketplace. + +Hodl. + +Buy if you can. + +Shorts have to close. + +Everything else is irrelevant. + + +EDIT: + +All this BBB Ystuff is another great example. You can invest in another company or you could not. What does that have to do with RC or GME? 😂 +I was just listening to a podcast with an investment advisor who said that he and his clients are all long equities and they have stop loss orders placed in case of a crash. As the market goes up they raise their stop price. + +However, I was wondering how this would work if the market is closed, or if the circuit breakers kick in, and when the market re-opens the prices are all well below their limit/stop price. + +For example, lets say the Dow closes at 36,000 and some terrible news event occurs overnight there might be no way people would be able to exit their positions at 36,000. They wlll have to sell after the market opens right? And the market wil open much lower than 36,000. + +Also, if word gets out that certain investors were able to sell, while retail investors were unable to get their orders filled this could lead to a full scale revolt. + +Is this concern legitimate, or are their controls in place to prevent retail investors from getting hosed while the well connected all exit their long positions? +**Industry Overview** + +Domino’s competes in the quick-service restaurant (QSR) pizza industry with various competitors. The U.S. market is estimated to be \~$37.8bn and steadily growing. This is the second-largest category in the broader $279bn QSR market. The QSR pizza industry is primarily comprised of delivery, dine-in, and carryout. Unsurprisingly carryout and delivery are the two largest segments. + +Domino’s is the leading market share leader for U.S. pizza delivery and the second-largest market share for carryout. The four industry leaders, Pizza Hut, Papa John’s Pizza, Domino’s, and Little Caesars Pizza account for 61% of the U.S. pizza delivery market and 51% of the carryout market. + +The international pizza market is more underdeveloped than the United States. Domino’s is one of three companies with a global presence. + +**Business Overview** + +Domino’s was founded in 1960 by two brothers. The two brothers initially focused on opening stores near college campuses and military bases. Fast forward almost three decades and Bain Capital buys 93% of the business in 1998. A few years later, Bain proceeds to IPO Domino’s in 2004, and it’s been a public company ever since. + +Domino’s has three different revenue segments: + +* U.S. Stores +* International Franchises +* Supply Chain + +We’ll dig into these different business lines and how they all work. + +**U.S. Stores** + +U.S. stores consist of both company-owned stores and franchised stores. Roughly 6% of all U.S. stores are company-owned. These stores are typically used for testing sites for new innovation as well as training and developing future talent. + +There are more than 6,100 U.S. stores, with \~340 stores being company-owned and \~5,800 being franchisees. The \~5,800 franchised stores are operated by 777 U.S. franchisees. These franchisees are able to benefit from Domino’s brand image with a low capital investment. The largest U.S franchisee operates more than 176 locations. + +Domino’s has a rigorous process for U.S. franchisees. Those interested in being a franchisee must manage a store for at least a year and graduate from its franchise management school program. This is successful as there is a 99% franchise agreement renewal rate. Franchisees must pay a 5.5% royalty fee on sales and certain technology fees. + +Stores must also contribute 6% of sales to fund national marketing and advertising campaigns. These contributions go into Domino’s National Advertising Fund, which is a not-for-profit advertising subsidiary of Domino’s. + +**International Franchises** + +Domino’s has more than 10,894 international franchises in more than 90 markets. The main source of revenue from these stores is royalty payments. Domino’s top ten international markets account for 63% of international stores. + +Domino’s grants franchisees exclusive rights to develop and sub-franchise stores and the right to operate supply chain centers in particular geographic regions. This means they can create their own Domino’s in international markets. They control the franchisee options, the supply chain centers, and other decisions. These franchisees pay an initial one-time franchise fee and a fee upon the opening of each additional store. The master franchisee pays a continuous 3.0% royalty fee on sales, + +**Supply Chain** + +Domino’s operates 19 dough manufacturing and food supply chain centers, 1 thin crust manufacturing center, 1 vegetable processing center, and 1 center providing equipment and supplies to U.S. and some international stores. The management team is continuously looking to expand and build more centers. + +Domino’s sells food and supplies to more than 6,600 stores. Domino’s believes that franchisees buy directly from them due to cost savings, efficiencies, quality offerings, and consistency. Franchisees also benefit from profit-sharing arrangements with supply chain centers. This program offers participating franchisees 50% of its regional supply chain center’s pre-tax profits. + +**Total Addressable Market** + +The global QSR pizza market is already well established with the biggest opportunity being in expanding in international markets and same-store sales growth in more established markets such as the U.S. One of my main concerns is just how big the pizza market can be. I feel as though the pizza market is already well-established, but Domino’s talks about their fortressing strategy which is adding more Domino’s stores within one area to improve on delivery times, customer service, and cost efficiencies (cheaper to deliver pizza the closer the customer), and other important areas. + +**Competitive Advantages** + +1. **Brand**Domino’s is one of the strongest brands in the world. They benefit from brand recognition almost anywhere you go in the United States and I’d bet it’d be similar in some foreign countries. There are definitely some die-hard Domino’s fans and then there’s also your local pizza restaurants that arguably have better pizza than Domino’s but these companies can’t compete on price. Basically, when ordering from Domino’s you know what you’re getting. +2. **Scale**Since Domino’s is the largest pizza company, it’s able to benefit from economies of scale through purchasing power over suppliers, can test changes on a small scale, and then roll these features out globally. Scale also gives Domino’s the benefit of operating leverage. As the international franchise store count grows, Domino’s will collect royalty fees that do not require extensive operating margins so operating margins grow slower than international royalty fees giving Domino’s operating leverage for this segment of the business. The same can be said for US stores that are not company-owned. + +**Financials** + +Domino’s breaks down revenue into U.S. stores which include company-owned stores, franchise stores, U.S. franchise advertising, then supply chain, and international franchise royalties and fees. Other important financial numbers are global retail sales growth, same-store sales growth, and total store count. These numbers are all listed below. + +**2019:** + +* Total revenue = \~$3.6bn +* U.S. Store revenue = \~$1.3bn +* Supply chain = \~$2.1bn +* International franchise royalties and fees = $0.2bn +* EBIT (Operating income) = \~$0.6bn +* EBIT margin = 16.6% +* Global retail sales growth = 8.0% +* Total store count = 17,020 +* U.S. stores = 6,126 +* International stores = 10,894 + +**2018:** + +* Total revenue = \~$3.4bn +* U.S. Store revenue = \~$1.3bn +* Supply chain = \~$2.0bn +* International franchise royalties and fees = $0.2bn +* EBIT (Operating income) = \~$0.6bn +* EBIT margin = 16.6% +* Global retail sales growth = 10.8% +* Total store count = 15,914 +* U.S. stores = 5,876 +* International stores = 10,038 + +**2017:** + +* Total revenue = \~$2.7bn +* U.S. Store revenue = \~$0.8bn (but did not include advertising revenue) +* Supply chain = \~$1.7bn +* International franchise royalties and fees = $0.2bn +* EBIT (Operating income) = \~$0.5bn +* EBIT margin = 16.6% +* Global retail sales growth = 13.0% +* Total store count = 14,856 +* U.S. stores = 5,587 +* International stores = 9,269 + +**What’s Interesting** + +Domino’s has outperformed Facebook, Google, Microsoft, and many other companies since it’s IPO in 2004. This isn’t random. Domino’s has been able to build a brand and continue to expand in the U.S. and internationally while rewarding shareholders. + +Domino’s has a share repurchase program and also dolls out dividends each year. This combined with revenue and net income growth is a good recipe for any successful company. + +Domino’s also seems to be the original cloud kitchen model. Many of its stores do not include seating which would increase capital expenditures. The majority of Domino’s business is carryout or delivery. + +**Future Questions** + +1. **How long is Domino’s runway?** Domino’s is already a mature company with more than 17,000 stores worldwide. Future growth will come from cost efficiencies and some store openings, but I feel like it’d be hard for Domino’s to make a case that store count can double worldwide because of how many stores are already in existence. International store count can probably double at some point in time, but going from even \~11,000 international stores to \~22,000 will be a big challenge. The good part is that royalties and other fees associated with international franchises are basically pure profit since international franchises are operated by a master franchisee that takes care of all the headaches in foreign countries. Through operating leverage, if the international franchise store count doubles, then the profit will more than double. Domino’s only has a market cap of \~$15bn meanwhile companies like McDonald’s have a market cap of \~$150bn. Domino’s definitely has room to expand, so if I were to do a deep dive on Domino’s I’d have to answer the question of how many stores can Domino’s operate throughout the world. +2. **What effect does Uber, Grubhub, DoorDash, and the food delivery market have on pizza delivery and carryout?** In the past, carryout and delivery were typically done by pizza companies. These companies often don’t have any seating in their stores and therefore benefit by having less capital tied up in stores rather than inventory, buying back shares, or paying dividends. Families, college students, and professionals would order a pizza rather than ordering a bunch of different food from a Chinese restaurant or whatever other food option there is available. How does the new wave of food delivery companies impact pizza’s delivery and carryout appeal? Do families increasingly order from somewhere else instead of the pastime of fresh pizza delivery? Are the costs of ordering from Grubhub, Uber Eats, DoorDash too expensive for a typical family of 4? Does the cheap cost of pizza relative to other options give Domino’s and its pizza staying power in this new age of food delivery? + +**Conclusion** + +Domino’s is an interesting company that I’d have to put in the more mature bucket. It’d be interesting to figure out if food delivery is a net positive or net negative for Domino’s and other pizza companies. Domino’s has historically been a great investment for hopefully many people, but it might be too late for me. Domino’s is already at the stage of giving out dividends to its shareholder base and that’s not what I’m personally looking for. I’m a young investor so I’m looking for growth and I’m not worried about short-term volatility in the pursuit of long-term gains. + +**Fun Facts** + +There are international Domino’s franchises that are public companies. Not all of these companies are specific to Domino’s and these firms often combine various franchises into one holding company. But here’s a shortlist: + +* ASX: DMP - Domino’s Pizza Enterprises +* BMV: ALSEA - Alsea +* L: DOM - Domino’s Pizza Group +* L: DPEU - DP Eurasia +* NS: JUBLFOOD - Jubilant Foodworks + +Domino’s has very different food options depending on local customs. Some of these were highlighted throughout Domino’s 10-K such as the Mayo Jaga in Japan (bacon, potatoes, and sweet mayonnaise), the Saumoneta in France (light cream, potatoes, onions, smoked salmon, and dill), and some others. I thought these were funny and it’s always interesting to learn more about different customs in foreign markets. + +If you want more updates visit [Weekly10K.substack.com](https://weekly10k.substack.com/). If you made it this far, I appreciate you! +Apple has a market cap of around $900 billion United States dollars. Cryptocurrencies have a market cap of around $200 billion United States dollars. Governments need to go after the big fish before the little fish. They should be more concerned about Apple's tax avoidance; price gouging; and labour practices. + +[Edit *(Evasion)*: The post should say tax avoidance, not tax evasion, as kindly pointed out by a Redditor] + +[Edit *(Apple)*: Apple was only chosen because it has the largest market cap. The main point here is about proportionality, not Apple per se. Large companies 'misbehave' and govts turn a blind eye. The entire cryptocurrency market - fraction of the size of a major corporation - faces near continual harassment and disproportionate govt reactions]. + +[Edit *(EU Case)*: Apple is indeed being targeted by the EU. Apple is not being banned. Apple is not being restricted. Apple is not being subjected to excessive bureaucratic requirements. Laws are not being instantly changed to stop Apple in future. We cannot say the same for cryptocurrency. The EU's case with Apple is nothing more than political grandstanding. There is little chance that $15billion will ever be paid or demanded in full. The case will likely continue for years so that the EU can make their point. Nothing consequential is likely to come of it]. + +[Edit *(Tax)*: Indeed, many investors in the cryptocurrency industry do not pay tax. Many (not all) governments and regulators have yet to clarify their positions on the legal status of coins and tokens. They have yet to clarify if they are currencies, assets, commodities, or some hybrid. They have yet to construct accounting standards. If a tax accountant cannot explain/define the tax implications of cryptocurrency investment, they cannot expect individual investors to read their minds and abide by a framework which does not yet exist]. + +[Edit *(Populism)*: Someone made a comment about this sub-Reddit becoming like soap opera. This made me laugh. I did not expect this post to reach the top of the Bitcoin sub-Reddit otherwise I would have chosen a better analogy. To those of you who think this is populist, I apologise and sympathise lol]. +What are some investment strategies that you have utilized that may take a little upfront work, but have great returns in the long run? + +And no, mutual funds, stocks, ETFs and buying rental properties have all been talked to death here. I'm more asking about something not everybody thinks about, but are actually great strategies that have worked for you. + +Thanks. +I was watching the news the other night and saw in my area (Kansas) the CARES act paid for 250 people to get IT training. I signed up not thinking I'd get in, and I am getting free classes to take a COMPTIA Security + exam. The exam is also paid for. I'm wondering if there are other states with these programs and if anyone could benefit. I'm adding the link below to the Kansas one I'm using. + +[https://www.softwarfare.com/softwarfare-university-enrollment](https://www.softwarfare.com/softwarfare-university-enrollment) +I came across Jerome Powell’s disclosure of his investment holdings. It looks like a pretty basic mix of (a ton) of index mutual funds and ETFs. + +I see a lot of discussions in this sub about diversifying into private equity/hedge funds/managers, but looking at Jerome Powell’s holdings, it seems to further push the narrative that a basic index portfolio can work for those huge portfolios and those with huge power. Despite running the Fed, he still follows a setup anybody can replicate. I think a lot of you would find this interesting. + +[Here’s a link to the PDF of Jerome Powell’s disclosure to the Office of Government Ethics (OGE)](https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/5B86DBF3EBE069DB8525857F0027DBD0/$FILE/Jerome-H-Powell-2020-278.pdf) +Hi there. I really don't know what to do and am hoping for your advice. + +We are 35 yo married couple with two young kids. We have been steadily moving up in our careers and now make $365k/year combined. We have $275k saved in retirement/education/savings and a $150,000 balance on our condo. We are moving out of the condo into the suburbs into a house where we can grow our family (we want 1-2 more kids). The house is $625,000 and we put 5% down, so the mortgage principal is $595,000 at a 30 year loan @ 3.375% fixed interest rate. + +We have only been on our FIRE journey for just a few years now, and its the main reason that we were able to pay down $200k on our $350k condo in just a few years. We were also able to eliminate my wife's debt ($60k) and pay for her masters degree. Our savings rate is about 50%. We have a paid-off cheap car, no debt besides the mortgages on the condo and the new house. + +With this move to the burbs, our expenses are going to rapidly decrease. Our current $2,500 monthly daycare bill will become $900/month, for example. We will no longer pay for commute or parking (we will both be working remote). We estimate that every month, after all the bills are paid, we've contributed to retirement and the kids college funds, and pay handsome taxes, we will have $8000 leftover to invest and save. In addition, we will have a $150,000 windfall this upcoming year. + +We don't know what to do with this additional monthly savings and windfall. We originally thought we would sell the condo and put the profit into the mortgage. Here's the breakdown: + +Original condo price: $350k + +Current principal: $150k + +Listing price: $410k + +Real estate fees: $30k + +Profit: $230,000 + +If we put this $230k into our new mortgage via a recast (not a refinance), then it will lower our monthly payment to $2300, instead of $3500. Then our new mortgage balance will be $365k. + +However, we have been wondering if we should actually just pay off our condo mortgage and start renting it out. We can rent it out for $2,400 (identical units in our building are going for that rent). Then we would own it outright and it would make us profit. We would use a property management company since we're not interested in engaging directly with tenants and we're not particularly handy with tools or home repair. + +I believe that the FIRE movement is all about low debt and simplicity. I worry that we are complicating things by trying to have two properties and keep a large mortgage on our new home. But then I worry that I'm being shortsighted about the income potential of our city condo. + +We both like working and are more interested in the "FI" part of FIRE. Our long term goal is to have more kids, contribute to our community, and build our wealth. The build our wealth part is the part that feels like new territory, and risky. What should we do? + +TLDR: Do we sell our condo and put the profit towards our new mortgage, or should we pay off our condo and rent it out for profit? +Don’t feel like reading? +Take a quick look to visually understand our new and innovative “Pump-N-Burn” mechanic. https://imgur.com/a/6swubWX). + +If you have made it this far, sorry to disappoint you. No dog breed name, no rocket/lambo spamming. Nothing but 100% honesty and transparency. + +A little about Us: + +1. We formed a company: Useless Crypto, LLC. +Registered in the USA, all six core team members identified on https://uselesscrypto.com/. + +2. This company develops various products. For example: + +- USELESS Merchandise (https://useless-crypto.myshopify.com/) +- A user-friendly chart app +- A whale tracker app +- And some not yet disclosed products + +We monetize all projects and roll a profit. + +3. This is where the magic happens. We are in the process of integrating a automated system that takes all profit made from our eco system and injects it directly back into the token. The beutiful part about this model is that this token does not rely solely on holders for its success. + +We have written a complex algorithm that acts as a dynamic LP stabiliser Depending on the liquidty %. + +The functions performed by this contract will inject BNB and tokens into LP if our liquidty gets low. If the liquidty is high, the contract will purchase tokens and send them to burn address. This will help keep our liquidty at a desired % and a price floor increase overtime, whilst also adding another form of automated burning of tokens. + +This makes $USELESS the world's first serious hyper-hyper deflationary token. Buybacks are from external BNB, not recycled from internal BNB -- like so many other tokens! + +Picture explaining external VS internal buybacks + + https://imgur.com/a/0TwH42B + +So, some more quick facts: + +We are part of the new “DeFi Alliance” +Created by ex-SafeMoon core team member Ragnar, which also includes notable projects such as: +- PiggyBankToken +- The Collective Coin +- 95 % friendly whales +29 of the top 30 holders came forward and have agreed to support the project +-Tokenomics – because why the hell not? +4 % is added to LP, 4 % is distributed to the holders (incl. burn wallet) + +Merch, as a proof-of-concept, is already running smoothly. + +Apps that'll benefit the whole crypto space are in the state of a decent progress. Striving to provide an app and features that'll be the "Robinhood" of the DeFi-Space and benefit the whole space (Portfolio manager, Whaletracker, easy-to-use chart (poocoin, bogged and dex.guru really do suck right?) + +Here's what the media and YouTube Influencers think of $Useless: + +VICE: https://www.vice.com/en/article/88nvw3/useless-token-is-the-latest-wild-scheme-promising-crypto-riches + +Tyler Hill: https://www.youtube.com/watch?v=VaWq1fJL3RI&t=1148s&ab_channel=TylerHillInvesting (That review is hilarious and honest). + +Todayonchain: https://www.todayonchain.com/press-releases/useless-gets-listed-by-coinmarketcap-and-coingecko-useless-executive-officer-interviewed-on-blockcast/ + +Useful Links: + +Contract: https://bscscan.com/token/0x2cd2664ce5639e46c6a3125257361e01d0213657 + +- Contract owned by multi-signature safe: https://www.bscscan.com/tx/0x07f99ae8172db58ed667f40957f8ba654fa058ae242d37aedcaeb1cd3ec83da1 + + - Chart: https://charts.bogged.finance/?token=0x2cd2664Ce5639e46c6a3125257361e01d0213657 + + - Discord: https://discord.com/invite/Uselesscrypto + + - Telegram: https://t.me/uselesscommunity + + - Reddit: https://www.reddit.com/r/UselessCrypto/ + + - Twitter: https://twitter.com/uselesstokenorg + + - Instagram: https://www.instagram.com/uselesscrypto/ + + - Facebook: https://www.facebook.com/uselesscrypto + +We want to bring new innovations to the Defi space and take the speculation factor out of the equation by producing products that make revenue and fill a gap in the crypto space. + +#Lets make real life profits decide the success of a project and not purely hype. + +Visit https://www.uselesscrypto.com if you want to know more. I am sure you'll like the charm and the humour of our website +I am here to ask the question to the now full time trader's how you made the switch from a job to even attempt to trade. I am currently working from 6am to 4pm and find myself no time to get my feet wet in the market. Did you save up a years worth of expenses, or if possible cut down the expenses as much as possible and make money on the side, other than trading? any other advice would be greatly appreciated. Thanks! +Well I have never been so right but felt so wrong at the same time. The play 100% was overnight spy puts. Those of you who listened and played 0dte spy puts saw around 100% gains at open. The only issue is that if you didn’t close those immediately almost half of your gains were gone in the first 5 minutes and the rest were gone by the first closed 15min candle. + +https://preview.redd.it/ejm5sckyfeb91.png?width=975&format=png&auto=webp&s=89a85474573aaf557fd1c063965752807ccf33b4 + +This was quite the wild day today. They literally ran here all day long. This morning we started out with the narrative that “inflation has peaked… its all good… no worries here!” + + +https://preview.redd.it/42xnq35zfeb91.png?width=806&format=png&auto=webp&s=886c756450d7050a249c73595bc0adbd01e8021c + +The algos had really no bad news to pick up on all day today. Everything was nothing but how CPI is backwards looking and that everythings gonna be just fine. No one I mean no one was forward looking to FOMC and what things could mean… + +https://preview.redd.it/capi12wzfeb91.png?width=819&format=png&auto=webp&s=4daf70bbf11e2bad483855833871bc45f3135542 + +Que the end of day… and what do we get? We get massive news about 100 basis point hikes and those are 100% not priced in right now. This feels just like right before the FOMC in June where they kept it all good everythings great then all of a sudden WSJ drops a news article about 75bps hikes and the next two days were blood baths. + + +If you want my actual opinion.. and this is not TA based by strictly opinion… someone high up purposefully leaked that 10.2 CPI fake article yesterday. What it did was triggerd ALL the algos out there to dump. And it did that day. And then it came out it was fake. But you know what? Those algos now see that we have 9.1% inflation (worst in decades!) but it reads it as less then the 10.2 so the reaction is not nearly as bad. This in my opinion was MASSIVE psyops being played out on algos and retail… Its just like the WSJ article for 75bps hikes… they never release things like that but it was ironically released just in time to let the markets know to price it in before FOMC…. Okay rant over back to TA! + +&#x200B; + +https://preview.redd.it/g0qa8si0geb91.png?width=975&format=png&auto=webp&s=8662798c92149001e227404b0bbff1b2dc766db0 + +Okay today we are going to take about the VIX first cause this things truly pissing me off. I can not still fathom how underwhelming the vix reaction was today to CPI. The average move has been about 13% by the vix from low to peak and today we barely saw 10.8%. The VIX is not reacting normally at all and I believe this is what is propping markets up right now. The volatility is not there at all. Until the VIX kicks in a move there is no long positions worth playing at all. + +January 12th- vix moved 7.6% total, February 10th- vix moved 22.8% total, March 10th- vix moved 12.6% total , April 12th- vix moved 13.9% , May 11th- vix moved 12% , June 10th- Vix moved 12.7%, July 13th- vix moved 10.8% total… very underwhelming… VIX didn’t even break 30 today… + + +https://preview.redd.it/uj7xvc41geb91.png?width=975&format=png&auto=webp&s=037cc80d706fea5b289c0d63136d665190bb418a + +The Daily chart is starting to form some obvious trends the only issue is its hard to trust… you can see we have a nice inverse head and shoulders forming that should take us to 370 minimum and possible 365 at the lows. However, after todays bullshit its hard to trust and be able to go long for this. + +Todays open and close did show us a few things though. We rejected the daily 8ema again (bearish), we closed under yesterdays low (bearish), we gapped filled (neutral) and we bounced off 375 (bullish). + +Right now I am seeing 375 as support and 382 as resistance. Until one of these two levels are broken we aren’t gonna see the big move. + +Bull case- 375 was higher low bottom today and we will break out back above 380 tomorrow and close over the daily 8ema breaking the red dotted resistance line and look for 400+ by end of month. For this case to play out markets have to price in 100bps hike over night (or have done it EOD today), fomc has to be beautifully executed and earnings have to be positive af… if we get all that there is a case to be made that bottom is in. + +Bear case- today was the worlds biggest bull trap. There is historical accuracy that spy is one day late to react. Today I think is that day. Bears already blased through the black dotted support line and closed under it we will now be looking to complete the inverse head and shoulder and close closer to 370 EOD tomorrow and look for 365 EOD Friday. This would complete the inverse head and shoulders. From here this would be the 2nd test of the weekly 200ema at 363 and could finally break us through it. + +Neutral case- we are going to fuck around and find out what JPOW wants to say and do end of July at FOMC. We are stuck in this purple 370 to 390 sideways channel. This is where we are going to maintain for quite a while until we get some sort of amazingly bearish or terribly bearish catalyst. + +10% challenge- + +Weird day today… so I alerted yesterday that overnight puts were the play… I, however, decided it wasn’t worth gambling 30 and 50% profits overnight on a 50/50 win. I didn’t carry anything but my UVXY calls over night… they opened around 40% but when I saw VIX wasn’t gonna get on board yet again I closed them from 27.8%. Which is sad cause that is about what I should have closed them for yesterday before market closed…. In general I think next Cpi 2 days before playing 7dte ATM uvxy calls would still be the play assuming vix is near 25 again. + +From there I played the probability and got burnt… I watch the IV probable highs and lows and its resistance/ support that I rarely see broken. I did not anticipate that we had the strength to break through it and knowing that almost every CPI had closed lower than it opened I played some puts on the 10am rejection there and saw a quick 20% only to get absolutely wacked faster than I could get out of them. I attempted to average down once at 1115 when it looked like we topped and got wrecked. Overall I closed them for a pretty massive loss at 145pm only for it to dump next candle. That dump woulda saved me 20% loss. But I don’t know if I woulda closed either… + +I was patient EOD waiting for the sell off and scalped a nice full remaining BP 50% 0dte put scalp. Woulda been 150% had I held but wasn’t worth the risk.. I set a 50% stop limit when I saw 60% profits and wasn’t gonna gamble… it didn’t give me a green day… but it did give me a green week still. + +https://preview.redd.it/d7kvgs52geb91.png?width=650&format=png&auto=webp&s=0a43f1f28f9ea3fdd1ff6f32f747fbc243e783e7 + +Overnight I am holding these… I am going with the bull trap narrative and that the next 100 bps is gonna get priced in today and tomorrow. + +My break even is 371.75 (-1.8%) for tomorrow and 366.5 for Friday (-3.6% ) from todays closed… I think we get that 370 test tomorrow and that its worth the risk.. if the VIX ever gets back on board this should also get a nice IV pump on a bigger drop too. (see below) but 5 out of 6 post CPI days have also been red with 4 of those being significantly red (with the average being -2%). However, I did not recommend NEW overnight puts as almost all of those days as you can see below did not open with any significant pre market drop. + +Biggest lesson today for me was you may be right but your timing may be wrong. In the end being patient and waiting for my play instead of anticipating the play is always best. Had I waited at 10am for a confirmed breakdown in theory there should have been enough left for plenty of gains. However, that doji at 1015am was highly unexpected and did come out of nowhere and all things pointed to heavy bear at the time. In the end the less here is that we CAN NOT ever make a trade that will blow our accounts up. One single trade should NEVER be enough to end your trading career. If it is you went to heavy. I recommend 5-10% per trade. That means that if you have 10k in your options account (again not full net worth) that you only trade $500-$1000/ position. + +&#x200B; + +https://preview.redd.it/owmjhxs2geb91.png?width=975&format=png&auto=webp&s=18b4c43471e7a621a27ffb701f70417f8c2311f1 +Jed McCaleb initially has eight billion XRP given to him for his initial work with a past project that is now named Ripple. He left Ripple to work on Stellar (XLM) in 2014, and ever since he has been dumping his XRP tokens in the market, but now he is almost running out! + +According to data provided by [Jed Balance](https://jed.tequ.dev/), which is a site dedicated to tracking Jed's XRP holdings, he now only have about 111 million XRP left in his name (or this particular wallet/account). + +&#x200B; + +https://preview.redd.it/v0o57nzej1891.png?width=1767&format=png&auto=webp&s=957f41819aa15b8b2979537ef0012ffc688c5aec + +He has been dumping about 4 million XRP tokens per day this month, going at this phase we might see him run out of xrp in a single month, of a few months time if he changes how much he sells everyday. OR he might altogether just stop selling again like what he did around 2021. +I have a close friend who recently signed a contract for a house, but her experience seems even more hellish than usual. Aftee battling crappy building reports, unreasonable vendors and shit house conveyancing, it all went unconditional and settlement date was arranged. + +But the settlement date was cancelled due to some reason associated with the vendor's bank. No matter, that's pretty common, so they pencilled in another day. That was cancelled too. + +They are now on their sixth settlement date, all because the vendors bank is not ready to settle. This all smells pretty fishy to me. I could understand 1 postponement, possibly even 2, but 5 postponements? That is alarming. + +Can anyone else relate to this story? Is this normal? Is this a scam? What kind of recourse does my friend have (if any) + +Personally I would have walked away by this stage but my friend would rather die than walk away ('all this stress can't be for nothing!') +I had no idea it was a WAR zone. Tables had food on them and people just ran and yanked and fought for the food! Wow I always thought they just gave you a box of food or something? + +Anyway. Had fun though and now I’ll be able to eat this week and probably next week. They had eggs and milk and an assortment of desserts. I even managed to snag one tiny pound of hamburger! Going from eating ramen to every meal to this is great! 100% would recommend!!! + +I went with my friend and she helped me through the ropes. Shout out to her! +We are planning to issue this awesome, shiny POAP badge to everyone that has ever staked donuts! + +[Donuts & Steak, the meal of champions.](https://preview.redd.it/nw67lsnm6cl71.png?width=2000&format=png&auto=webp&s=ef16ffbbd71d46889168cf1ed06a7be76a97847c) + +# POAPs + +In case you're wondering what a POAP is, it stands for proof-of-attendance-protocol. POAPs are kind of like digital scout badges that reside within your Ethereum account - they are NFTs that are earned for doing certain things or attending certain events. Over time, you might accumulate a bunch of them and it's cool to look back at your collection over time. Lots more info on POAPs [here](https://poap.xyz/faqs). Bottom line, they're just fun! + +&#x200B; + +# Eligibility + +If you have ever staked your donut liquidity tokens, you will be eligible to claim this POAP in a couple weeks. Some details: + +* Deadline to stake is by the end of September (**UPDATED**). We wanted to give everyone a chance to use the next donut distribution for staking if they are interested in this. +* Staking can be done on either Main Net or xDai, we will check both networks for eligibility. +* There is no minimum amount to stake to be eligible. If you've staked even a fraction of a donut, you're in! +* You don't need to be currently staking. If you have staked at any point, ever, you're eligible. + +&#x200B; + +# Staking + +If you are not familiar with how to add donut liquidity and stake, we can help! Here are the rough steps to stake on xDai: + +1. Get donuts on xDai! If you have donuts coming your way in this next distribution, there's still time to direct your donuts to xDai by putting a comment in [the xDai opt-in thread](https://www.reddit.com/r/ethtrader/comments/p5ik6b/donuts_xdai_optin_thread/). +2. Once you've got some donuts, head on down to Honeyswap: [https://app.honeyswap.org/#/swap](https://app.honeyswap.org/#/swap) +3. You need to get a 50/50 split of DONUT and XDAI tokens. If you have just a stack of donuts, you need to sell half for XDAI. +4. Next, head on over to the [Pool tab of Honeyswap](https://app.honeyswap.org/#/pool) and *Add Liquidity*. Here, there will be two input fields, asking what two tokens you want to put into a liquidity pool. You want to select DONUT and XDAI, and then you select how much. This step requires you to put a 50/50 balance of the two assets in, which is why we sold half in the previous step. (keep in mind you need a couple pennies of XDAI to pay for future gas costs, so don't put 100% of your XDAI in!). +5. Once your assets are pooled, you will receive a "liquidity token" from Honeyswap automatically. You can think of this liquidity token as like your claim ticket to a parking garage or a coat check. You need this in order to retrieve your DONUT and XDAI from the pool later on. At this point, you are earning fees as trades occur. +6. Lastly, head over to the [Donut Dashboard](https://donut-dashboard.com/#/stake) to stake your liquidity tokens. You are essentially putting your claim ticket in this smart contract as proof that you are providing liquidity. The smart contract then pays you DONUTs over time. When it's complete and successful, you should see a message saying something like "You are currently staking, but don't have any donuts to harvest yet, come back later." After a short bit (maybe even right away), that will be replaced by a big fat harvest button. Here's a [screenshot of me making some donuts](https://i.imgur.com/cft6Juc.png). If you see the Harvest button, + +&#x200B; + +If you get stuck on any of the steps, or have general questions, please feel free to post here. Also if you need XDAI tokens to pay for gas, let me know! + +Big credit to /u/kohrts for creating the badge, /u/greenmansavinglives for creating a reusable script to find all eligible addresses, and /u/rustedpopcorn for advising through the POAP distribution process. +Is everyone gonna switch to being a bear? Is every comment in every thread gonna be "buy puts you retard, how are you not making money in this market? JUST BUY PUTS!" and every time the spy goes up like .01% everyone is gonna comment "short the fucking top!" + +i don't know man I can only imagine bulls as natural inhabitants of this sub +Hey y'all, made a few posts here before... + +I just had the thought that I'm much poorer even though with this new job I got a huge increase in pay. My last job was 45k, now I'm at 76K but it really doesn't feel like it. + +With this new job I had to move out of my family's house where I only paid a few hundred bucks, here I pay 1620+utilities, which is where most of that money goes. They call it a luxury apartment, but it really doesn't feel like it and it's the only place in the area I need to be that has the stuff I needed. + +I know I couldn't live with my fam forever, and it's not normal (I guess?) to only pay $400 in rent, so maybe it's just a change that I have to get used to? + + +* **Bank of America’s customers continue to spend freely, using their credit cards and other payment methods for 10% more transaction volume in September and the first half of October than a year earlier, CEO Brian Moynihan said.** +* **Customers’ account balances remain higher than before the coronavirus pandemic struck in early 2020, Moynihan said, indicating that they were in a good position to continue spending.** +* **Finally, consumer credit remains pristine, with late-payment metrics still well below pre-2020 averages, indicating that so far, customers have had little difficulty keeping up with their debt.** + + + +Consumers are financially resilient, despite high inflation and concerns the U.S. is nearing a recession, according to [Bank of America](https://www.cnbc.com/quotes/BAC/) CEO [Brian Moynihan](https://www.cnbc.com/brian-moynihan/). + +"Analysts might wonder whether the talk of inflation, recession and other factors could \[result\] in a slower spending growth," Moynihan said Monday during a conference call to discuss [third-quarter results](https://www.cnbc.com/2022/10/17/bank-of-america-bac-q3-2022-earnings.html) that topped analysts' expectations. "We just don't see \[that\] here at Bank of America." + +The bank's customers continue to spend freely, using their credit cards and other payment methods for 10% more transaction volumes in September and the first half of October than a year earlier, Moynihan said. While price inflation accounts for some of that, the number of transactions also rose 6%, he said. + +Customers’ account balances remain higher than before [the coronavirus pandemic](https://www.cnbc.com/coronavirus/) struck in early 2020, Moynihan said, indicating they were in a good position to continue spending. That is especially true for those who had the smallest balances, which were about five times higher than before the pandemic, according to a Bank of America [chart](https://d1io3yog0oux5.cloudfront.net/_b81b10e3b00ca2879952e619db1e9a62/bankofamerica/db/806/9760/presentation/The+Presentation+Materials+3Q22.pdf). + +Finally, consumer credit remains pristine, with late-payment metrics still well below pre-2020 averages, Moynihan said, indicating that so far, customers had little difficulty keeping up with their debt. + +“We’re just now seeing \[a\] gradual move off these lows in early stage delinquencies; late-stage delinquencies are still 40% below pre-pandemic,” Moynihan said. +Hello there, i'm searching for a fun, simple game that acts like a simplified stock market where the prices change and we invest and have fun. Any ideas ? +Are HFs hoping that the recession has people rethink their investments and hope they cash out as soon as possible? + +Are they hoping people get laid off and start getting desperate for money? That is why they are holding on as long as possible. + +Doesn't matter, first rule of investing is don't invest what you aren't willing to lose. So just considered everything you invested "lost" and hold. Not financial advice. + +There is light at the of the tunnel and we gotta keep pushing through. +Around 2M BNB tokens seem to have been hacked, according to various accounts. + +[Warning from MevRefund](https://preview.redd.it/53u0bp82d9s91.jpg?width=1302&format=pjpg&auto=webp&s=bc1a027054c60ff9a2ab35f1ab898aff3cc41160) + +Transaction: [https://bscscan.com/tx/0xebf83628ba893d35b496121fb8201666b8e09f3cbadf0e269162baa72efe3b8b](https://bscscan.com/tx/0xebf83628ba893d35b496121fb8201666b8e09f3cbadf0e269162baa72efe3b8b) + +Wallet of the potential hacker: [https://bscscan.com/address/0x489a8756c18c0b8b24ec2a2b9ff3d4d447f79bec](https://bscscan.com/address/0x489a8756c18c0b8b24ec2a2b9ff3d4d447f79bec) + +The wallet is moving the funds, first half of it to Venus to leverage it on stables, and then moving it to other chains via Stargate bridge + +USDT has already blacklisted the wallet. + +&#x200B; + +[Various stable pools could get rekt as a lot of BNB has been leveraged](https://preview.redd.it/euocovjod9s91.jpg?width=1320&format=pjpg&auto=webp&s=4af648211b11ce96acd43024edbaf733482bb09f) + +BNB has crashed in the last half hour + +If its a hack, it seems to have happened via Binance Chain to Binance smart chain, potentially indicating that Binance was directly compromised. The wallet in question is now taking up onchain short-BNB positions + +Updates: + +[Some are claiming official BNB Canonical bridge hacked, similar to Axie. ](https://preview.redd.it/jjswr5zbg9s91.jpg?width=1320&format=pjpg&auto=webp&s=6b13fbc1a86ea012365f4c9b4554575ffa66988c) + +If true, this is a massive hack for BNB and a bad day for lotta people out there + +Its official BSC Chain has been paused: + +[Official update from BNB Chain](https://preview.redd.it/33zv943xg9s91.jpg?width=2550&format=pjpg&auto=webp&s=2edeeb911bf98e65539dcd8764f67ddcd6f82068) +As the title states, someone wanted to discuss stocks and personal finances. After many questions, I decided to share where I am at. I’m not in a great place as far as this community goes (28 with no debt, ~160k in savings/house equity), but compared with those graduating currently with 100k in debt from graduate school, it can feel like a huge difference. + +What was your story? How did you navigate the questions and changes to your relationships? Was it mainly negative or were there positive responses as well? +I recently took a vacation to Florida. I used to live there and during that time of my life, I was a complete loser. FLAT BROKE, working only part-time in a wide variety of minimum wage dead end jobs. Homeless for a while and even hungry due to lack of money to buy food. I have to laugh now about some of the terrible places I worked. + +I drove by some of those places last week and I did not know if I should laugh or cry! + +Well, finally I got my XXX together and got a great career and made good money. I invested 20% of my income in mutual funds and now years later, I am flushed with cash. + +But those years of poverty will always be with me. + +Were you once a loser like me before coming to your senses and changing your life and becoming financially independent? +*Edit: to be clear - talking with the assistants and aides is just important as trying to change a Congressperson's mind.* **The aides are usually a part of a large network of people who are well aware of the corruption and don't know what to do - andor are looking to make money.** + +In the interest of constructive criticism I suggest people take **three** measly minutes to call Congress right now. Even if the message doesn't impact the Congressperson themselves, you at least have a ***chance of educating the assistants and their network.*** + +One of the best things we can do *at this instant* is related to the interview by Gary Gensler, who confirmed about a month ago on Bloomberg TV that 90-95% of retail stock orders go to dark pools - where they're bundled and manipulated - creating massive amounts of possibilities for fraud. Indeed, that's what we're seeing now. [Here's the video and interview - pertinent part starts at ~3:50.](https://youtu.be/NBkPQ0VsWV0). **Dark pools are fucking illegal in the U.K., Australia, and Europe.** + + + +If you call, I suggest something like this: + +>Hi, I'm calling to tell the Senator/Representative about something I recently learned and would like to impress upon him/her the importance to understand and address. + +>About a month and a half ago, the head of the SEC, Gary Gensler did an interview with Bloomberg TV wherein he confirmed that 90-95% of retail stock trades are routed through something called dark pools. That's to say that 90-95% of trades made by average people - not hedge funds with computers and so on - are being sent to these "dark pools" where there is no transparency and lots of room for fraud and manipulation. + +>Indeed, "dark pools" and the underlying mechanisms associated with them are illegal in the U.K., Australia, and Europe - because they allow for theft, fraud, and manipulation. In fact, that's what we're seeing now in the market here in the U.S. on a truly unprecedented scale. + +>For all intents and purposes, the overwhelming majority of the American populace - to put a descriptive characterization to it - is being backstabbed and stolen from on a daily basis due to the hedge funds using these dark pools. The matter is of dire importance for the economy and well-being of the United States. Senator/Representative ____________ needs to look into this and speak out about it. Thank you very much for your time. + +_________________________________________________________________________________________ + +One of the best tools in figuring out who your Congresspeople is at https://whoismyrepresentative.com + +Also, *DRS* your shares. Sleep better at night. + +_____________________________________________________________________________________________ + +Citadel and co. want you to NOT call Congress and talk about this issue. If you want to do Citadel's bidding and make them happy, then don't call. It's that simple. +I went to verify that my internet bill was scheduled to be paid tomorrow. My bill has been $54.99/month for 100 mbps for the past 12 months, so I was a bit startled to see that the pending charge was $64.99. After looking at the bill details I realized the base rate was lowered to $44.99 for 100 mbps (which matches the price that is currently advertised) with a line that says "Ultimate 200 Upgrade $20.00." I know over the course of a year that only makes a $240 difference, but it's still pretty maddening that they'd try to slip that through unnoticed. + +I called and had them adjust me back to the $44.99 rate. If you have Spectrum and have autopay set up it may behoove you to peek at your bill and make sure they haven't done this to you. + +Edit: peek not peak +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Long story short , we called Conveyancing index and got a referral to a Conveyance solicitor firm in Wales ,We live near London and they were the only one working during lock down apparently. +Long story short 3 months in the trainee solicitor and her summer intern quit the company, our case seems to be in limbo and no one has been dedicated to it. We have already transferred 66k deposit to their account for the exchange. +Completion is on the 25th our rent notice given and the Conveyancing firm have now stopped taking our calls. The phone keeps ringing for 30 minutes some secretary pics up and pretends to transfer is to the supposed new solicitor and the phone line cuts. +Questions.. +1. Given I will be on the road with my children by the 25th as they are in no mood to do anything , what are my options ? +2. Are Conveyancing firms above law ? Can they cost people their sales and purchases without any consequence ? +3. What can I do at this late stage in my case ? Can I transfer to another solicitor firm ? +4. I sent the deposit via my bank with a tracked payment, would I be able get my money back ? +We talked to atlest two directors seems the senior director spouse passed away and the company seems to be falling apart , we sympathise with there loss but now I am 66k down the hole with no roof over my children's heads post 25th September. + +TLDR: Conveyancing firm stopped responding I.e no one has taken responsibility of my case, 66K deposit in there account. Solicitor dealing with case quit and no handover. Risk of being homeless post 25th September. Don't know what to do. + +Edit: Please don't assume in anyway that my 66k is at risk, my concern is I am going to be homeless and with small children that's going to be horrible. Never realised Conveyancing step would be such a nightmare. + +Update 14/09/20: + +I called them this morning, as usual 15 minutes later the receptionist picked up another 10 minutes on hold and she couldn't get a hold of any Directors. +Asked for my number and a phone call back would be done. +I told her I won't be calling back and please convey my intention of going to the Regulator . +An hour after that my wife received an email about confirmation of the deposit and them asking the banks for funds by the 24th. +Still no confirmation of the exchange date / process / intention from there side in any email. Still no confirmation who is dealing with our case and will be the point of contact. +Hello all, + +Firstly, thank you for all being so informative and asking good questions that have guided me through the early stages of my algo-trading journey. + +I wanted to link my Python/Binance bots ([https://github.com/c-s-westphal/Binance-Trading-Backtest-and-Bots/blob/main/Lin\_reg\_trader/linreg\_5min.py](https://github.com/c-s-westphal/Binance-Trading-Backtest-and-Bots/blob/main/Lin_reg_trader/linreg_5min.py)) GitHub so that you lot could tear it to shreds. I have only been coding around a year now and without any formal teaching, so I feel as though now is a good time to try and engineer some free help to prevent picking up really bad habits. This is primarily for sad Oracles on here who want to feel superior to me, but if your a proper fucking cowboy you can use this code yourself. + +I have also back tested ML and Linear regression based strategies which can be found here: [https://github.com/c-s-westphal/Binance-Trading-Backtest-and-Bots](https://github.com/c-s-westphal/Binance-Trading-Backtest-and-Bots) + +Thanks in advance for any advice! +To give a bit more detail, the Algo is currently setup to have equal stop loss and profit target widths. The max holding period is 15 minutes and trades 5 tickers. So it averages 10 to 20 trades a day depending on the signal threshold I pick. + +Yet to do any Sharpe / Sortnio ratio analysis, which probably depends as much if not more on sequential runs of losses / wins. But asking simple questions first. + +Fwiw, depending on signal strength, it can be tuned to get to a higher win rate, approaching 60, but fewer trades. +Hi all, + +I am an experienced software coder and I am designing my first bot. +How often would you recommend to poll market prices? I assume most APIs have a limit in place. Would you poll every second for the current market price of an instrument? Or less, milliseconds? + +Cheers +Hello all, + +Firstly, thank you for all being so informative and asking good questions that have guided me through the early stages of my algo-trading journey. + +I wanted to link my Python/Binance bots ([https://github.com/c-s-westphal/Binance-Trading-Backtest-and-Bots/blob/main/Lin\_reg\_trader/linreg\_5min.py](https://github.com/c-s-westphal/Binance-Trading-Backtest-and-Bots/blob/main/Lin_reg_trader/linreg_5min.py)) GitHub so that you lot could tear it to shreds. I have only been coding around a year now and without any formal teaching, so I feel as though now is a good time to try and engineer some free help to prevent picking up really bad habits. This is primarily for sad Oracles on here who want to feel superior to me, but if your a proper fucking cowboy you can use this code yourself. + +I have also back tested ML and Linear regression based strategies which can be found here: [https://github.com/c-s-westphal/Binance-Trading-Backtest-and-Bots](https://github.com/c-s-westphal/Binance-Trading-Backtest-and-Bots) + +Thanks in advance for any advice! +https://www.wsj.com/articles/inflation-jobs-fed-recession-economy-11650294297?mod=hp_lead_pos9 + +The Federal Reserve is setting out to do something it has never accomplished before: reduce inflation a lot without significantly raising unemployment. + +Central bank officials think it is possible with calibrated interest rate increases that slow booming demand just enough to take steam out of an overheated economy. But even one of the Fed’s closest allies, U.S. Treasury Secretary Janet Yellen, sees the risk of failure. “It will require skill and also good luck,” the former Fed chair said in public comments in Washington last week. + +During the past 80 years, the Fed has never lowered inflation as much as it is setting out to do now—by four percentage points—without causing recession. In this case, the central bank will need a number of factors out of its control to break its way. + +Still, Fed officials can find reason for both optimism and caution from history. In seven different episodes during the past 80 years, inflation has fallen as much as the Fed bank wants it to drop now, with varying outcomes. The episodes suggest that the desired scenario is theoretically possible though the risk of failure is high, especially because the bank is chasing inflation that already exists, rather than addressing the problem before it arises as it did in some earlier episodes. + +“No one expects that bringing about a soft landing will be straightforward in the current context—very little is straightforward in the current context,” Fed Chairman Jerome Powell said last month. The central bank, he added, faces a “challenging task.” + +During the early 1980s, the U.S. experienced a classic hard-landing as economists dub it—falling into a deep recession with double-digit unemployment after the Fed pushed its benchmark interest rate to nearly 20% to tame stubbornly high inflation that had been rising for more than a decade. + +The U.S. had less severe, but bumpy landings during the 1950s, characterized by short-lived inflation spikes and recessions. During that period, the unemployment rate rarely got very high even when economic output contracted. + +The 1970s delivered aborted landings, when inflation fell and then lurched higher, beset by outside shocks such as OPEC oil embargoes and policy missteps including a central bank that hesitated to raise interest rates aggressively. + +The U.S. has had soft landings, too, most recently in 1994. Fed Chairman Alan Greenspan sharply raised rates to 6% in February 1995 from 3% one year earlier, and the unemployment rate kept going down. Unlike 1994, however, the Fed today is trying to reduce inflation that is already too high rather than prevent it from rising, as Mr. Greenspan did back then. + +In the scenario Fed officials mapped out, their benchmark interest rate will rise to around 2.75% by the end of next year, just above estimates of a rate that neither spurs nor slows growth. + +They project inflation will drop to slightly above 2% by 2024, a rare four-percentage-point decline in less than three years. They see economic output growing at a rate between 2% and 3% while unemployment holds below 4%. + +John Taylor, an economist at Stanford University who is the author of an influential policy-setting rule of thumb called the “Taylor rule,” says his formula calls for the Fed to set interest rates at 5% right now. Because the Fed is unlikely to lift rates so dramatically in one year, he said officials instead ought to raise rates to 3% by December and signal more increases after that unless inflation comes down. + +“This is not the only time in history that they’ve been behind, but they are strikingly behind,” said Mr. Taylor. “They need to catch up and do it in a systematic and understandable way.” + +The Fed’s success will depend on several factors outside its control. Those include whether global energy supplies recover from the shock of Russia’s invasion of Ukraine, reducing energy prices; whether sidelined U.S. workers rejoin the labor force, easing the labor shortage and wage pressures; whether Chinese plants reopen in the face of more Covid-19 lockdowns, clearing supply bottlenecks; and whether Covid itself recedes for good in the U.S., ending related pandemic-related economic disruptions. + +The Fed’s job will be easier if these supply constraints ease. If they don’t, the central bank will need to push rates higher to squeeze demand, with a risk of more damage to the economy. +**Big Money vs Retail.** + +I guess we all are pretty frustrated to have learned, how Big Money is bullying retail in the markets. But this is nothing new and not just limited to GME or the stock markets. Even when it comes to currencies, retail traders usually do not stand a chance. Ever heard of the IG CLIENT SENTIMENT INDICATOR? + +[https://www.ig.com/us/trading-strategies/how-to-use-ig-client-sentiment-190411](https://www.ig.com/us/trading-strategies/how-to-use-ig-client-sentiment-190411) +[https://community.ig.com/blogs/entry/770-sentiment-indicators-using-ig-client-sentiment](https://community.ig.com/blogs/entry/770-sentiment-indicators-using-ig-client-sentiment) + +So yes, retail gets self-reported data, while Big Money has real time sentiment data at their disposal. When I first heard of that indicator a few years ago, the web was actually full of “institutional investors often position themselves opposite to retail” as reasoning for using this indicator. Seems that such statements can no longer be found openly nowadays, but I think the graphs speak for themselves. + +And even PFOF is actually pretty old school stuff (excellent article, deserves a read) +[https://www.lendacademy.com/payment-for-order-flow-bernie-madoffs-golden-goose](https://www.lendacademy.com/payment-for-order-flow-bernie-madoffs-golden-goose) + +&#x200B; + +**Some Pump and Dump in practice.** + +I think by now, most of us have seen more than enough Pump and Dump in the markets lately. GME price still seems to be fully manipulated by the market makers and Big Money. But other shares share the same faith. + +KOSS had good news about the Apple lawsuit, spike from 15 to 24 – back to 16. Movie stock sudden popcorn news or the alleged BBBY buyback, article was published on November 1st already. + +[https://www.benzinga.com/news/21/11/23799305/why-bed-bath-beyonds-stock-could-slam-short-sellers-yet-again](https://www.benzinga.com/news/21/11/23799305/why-bed-bath-beyonds-stock-could-slam-short-sellers-yet-again) + +But what many might not have noticed is, that even the latest crypto RIP was orchestrated nicely in advance: + +[https://finance.yahoo.com/news/bitcoin-drops-investors-buy-22k-134120409.html](https://finance.yahoo.com/news/bitcoin-drops-investors-buy-22k-134120409.html) + +Yes... right before the RIP, they lured in retail short sellers, who thought it will be a safe bet to short crypto, that was dropping from its heights for 3 months already - from 63k to 30k. And then they blamed the RIP on institutional short sellers getting squozen, while in reality Big Money squoze mostly retail investors. + +&#x200B; + +**The Real Deal: PFOF and Price manipulation.** + +So, we have learned, that Big Money loves to bet against retail and loves to play Pump and Dump games. Now we see daily in GME, how much control they have over price. And we have seen those really interesting cost bases, when transferring shares from PFOF brokers. + +We have also seen all the discussion about PFOF, mostly directed at dangers of gamification or how price discovery is hurt, assuming we talk about fractions of a penny... + +But those cost basis glitches could also indicate something much bigger... let's call it the Madoff-Principle: “Trust me, bro!”. + +Since we know, that Big Money is in full control of the price and since we know, that retail cost basis got screwed and since we also know, how much institutions love to bet against retail, the suspicion of PFOF brokers not even buying all shares makes so much more sense. + +Because (remember the IG sentiment) the REAL profit would not be in the alleged PFOF “scalping” by Market Makers, but would be in betting against your own customers. We are not talking about the obvious fractions of a penny, but sometimes even massive gains by full price control through MM and Internalizers. That way all involved Hyenas get their fair share of the poor and unsuspecting retail sheep. + + + +**Implications for retail and DRS** + +With all the self-reporting and slow regulators, I am not sure, if we can find more indications for PFOF brokers actually not buying all shares retail ordered besides the cost basis. I am not working in the financial industry and just trying to put the pieces together here. Because we have seen time after time, that all what counts seems to be maximizing profits, not playing by the rules. If someone of you has additional evidence, please feel free to share. I think this is crucial - hope someone like u/dlauer might have some additional ideas. + +**This discussion is not just important, because it would likely concern highly illegal practices, but mostly because of its implication for retail investors with funds/shares stuck in PFOF brokers and DRS.** Because if most shares would actually have never been bought, they might have to re-evaluate their situation. + +**First, if no shares have been bought, you selling would have actually no effect on FTD resets.** **But buying via CS or IEX and DRS afterwards would not just create actual buy pressure, but also remove certificates from Cede and Co.** + +**Second, if your PFOF broker has still not bought your GME shares, question is, how they will perform in case of MOASS.** Robin Hood chose law suit over their own demise – how do we know other PFOF brokers/Apps will not do the same? + +Third, there is likely a massive amount of retail money in eToro and other similar apps. Now, any time somebody posts something even slightly critical, there is immediately a massive outcry. To me that is sus as hell, maybe those companies are as active in social media intelligence, as are Kenny and Co. Btw. do you remember, if the voting links were with the official registrar or eToro “internally” and differed from the official links from Fidelity and others? + +[https://www.etoro.com/news-and-analysis/investing/etoro-gme-voting-pilot](https://www.etoro.com/news-and-analysis/investing/etoro-gme-voting-pilot) + +**TLDR:** I really think it would make sense to investigate deeper into this issue, because personally I think the most important detail for many retail investors, after experiencing price manipulation on a daily base, is securing their assets. Because if there would not even be a negative effect, in case no or only a fraction of shares was ever bought, it could make sense for many to liquidate their positions in PFOF brokers/apps stack per stack. If they have some free funds it could make sense to first buy at CS or DRS and IEX capable broker before selling, rinse and repeat (keep potential settling time in mind) until all shares are safe. + +With options, we have been discussing, when they could make sense and gave retail a new perspective for their individual decisions. **Lets brainstorm, if a new perspective regarding this topic is justified. DRS or potential FTD reset, what has likely more impact ? How would a wave of IEX re-buy orders impact MM price control mechanics, when there is so small volume right now?** + +I am not working in financial industry and this is no financial advice, just a personal opinion. +I like to make my calls public. I just put all my spare cash into bitcoin and will continue to do so as long as it stays below 20k. + +It’s money I can afford to lose, but obviously I don’t want to lose it. It is enough for a house deposit. + +Stock market looks like shit. Interest rates will smash real estate. Bitcoin is the only place I see with room for growth at the moment. We are a long way from the top, it makes sense to me. + +Wish me luck comrades. +Checking over my monthly budget and this is consistently the one part that hurts me, but I don’t see how I could reduce it without reducing my quality of life. + +London £5-7 a pint is brutal, but I’m only young once (27 now) and don’t think a pub trip twice a week for a few rounds is excessive. + +How much do you all actually budget for pub or pub like recreation? +Edit for clarity: The FTX "tokenized stock" is not related to [the official GME token ](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e). + +Do you remember the Ape who was using his mining rig to mine ETH and donate it into [GameStop's NFT wallet](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad)? That was me. I did that for over a year, until the last second ETH was proof-of-work. Me and a group of badass Apes, who donated their miners too, mined over 7 ETH into the wallet, it appears. One Ape was pumping a 500+ megahash system for a while. God damn legend. + +Anyways, I recently spent some time looking through the FTX situation, and I came across quite a few posts and comments claiming that the official GME token is a creation of FTX. It is not. Idk what the token is exactly, but GameStop officially created it. + +In the summer of 2021, I found that wallet address by googling the official GME NFT contract address (found on the original "coming soon" NFT.GameStop page, with the chicken run game up top). Googling the contract address that GameStop posted on their own NFT site brought me to the contract page on Etherscan, to the same token that many are now claiming was fraudulently created by FTX. + +I'm still looking into this. + +TL:DRS +This is my first time ever financing. I just bought a car but my monthly payments doesn’t add up. Is it supposed to be this much a month? I don’t know what to expect. +But if I were to pay $320.87 for 54 months. I would be paying a total of 17,812. It just seems a little high. If I’m wrong please educate me. + +Amount Financed: 13,212.00 +Term: 54 +Annual Percentage Rate: 13.79% +Monthly Payment Amount:329.87 +Hi everyone, thank you for taking the time to read my post! + + +I am a 29 yo with a 110k gross income job. I run a side business that nets me maybe 4.2k-7k yearly as well. I live in the SoCal area and my rent is $1.2k (this includes utilities). I live in a 4bd house with my family that costs $2.4k monthly. + + +My only debt is my car loan, which is $25,900 at 2.49% with monthly payments of $470 (paying $500 monthly however). The loan is a 7 year loan that due to finish in July 2027. + + +My current goal right now is to potentially get a house in the next 3 years. Based on my needs for the house, it looks to be in the range of 600k-750k. + + +I have the following assets: + + +Investments - $21k +Retirement (IRA) - $18k (maxing it out every year) +House Fund - $24k - 2% APY ($1000/mo added) +Emergeny Fund - $7.2k (3 months of expenses) - 2% APY ($500/mo added) +Other Savings (Travel, Pet, etc) - $5k - 2% APY + + +I'm wondering if it's smart to use the "House Fund" money to pay off the car loan in the next 3 months? +Curious what people 'want'... Just thinking, there is taming inflation which = prices will still be inflated and just growing at a slower rate. + +Or there is deflation, where prices return to lets say long term normal and then grow at 'normal' rate (say 2% inflation). + +I suppose there is also prices staying inflated but growing at 'normal' 2% rate and wages increasing so purchasing power of one's $ to buy the same basket of goods is the same pre-inflationary period... but realistically if wages increases inflation isnt going to stay down. + +What do we all think is 'better'. I want to buy a 'new' second hand car, but I dont want to spend $30,000 on a 8 year old hiace and if prices are going to return to 'normal' that = deflation is basically requires a recessionary event, no? +Property just seems to be going higher and higher. Yet based on threads here, there are numerous amounts of people still turning up to each house that goes up for sale with the price going for higher than the original asking price. + +There's no such thing as magic money, it has to be coming from somewhere. How little are people paying in deposits? With interest rates so low, people can afford to pay I suppose but they would still have to pay LMI if they have lower than 20% for a deposit. What happens if interest rates go up? Are we looking at a major crisis with lots of people unable to make the paybacks? + + +Edit: I should also say that I don't have much knowledge about any of this and it's just all imo. But I would love to see the responses of knowledgeable people. +I add additional mortgage payments from my offset to my mortgage redraw account, and was wondering what is actually better for my extra cash, to help me be financially better off in the long term: + +* Leave money in the offset account +* Add money to the mortgage redraw +* Move money from mortgage redraw to actual mortgage and refinance smaller mortgage repayments (I've done this in the past once I hit 5-10K in my mortgage redraw) + +Probably seems like an obvious question, but although I'm very good at budgeting, finance is not really my area of specialty! + +Thanks in advance for any advice. +We have seen so much interest in crypto in 2017 but I think this is just the beginning. Many crypto influencers are saying that privacy will be the major field of interest in 2018. + +We just saw the Verge doing 40x in less than a month. It was at $100M on Dec 3rd. and it touched 4B$ .Another privacy coin *Monero* did 35x YTD, *Dash* did 140x YTD + +And these all are privacy *"coins"* , Just imagine how much a privacy protocol will be worth. Privacy Protocols(Computations) are at least 100x bigger than privacy for transactions. + +**Enigma Protocol** is the only project which is working in this field as of now. They're working on *secret smart contracts*. The data will be encrypted and nodes will compute on that encrypted data. + +Current Mcap is only 90M$ , Enigma protocol will starting roll out in Q1 2018 and we can easily see a Billion $ cap(10x) in Jan only, which I think is the floor for this ambitious project and no one knows the ceiling , guessing from the privacy coins this has potential to become the monero of ethereum. +When masternodes launch in Q2/3 2018 this thing is gonna be difficult to catch on. + +**"Monero is to Bitcoin as Enigma is to Ethereum. Privacy of computations and data goes far beyond privacy of transactions!"** + +*To learn more about the project* + +Telegram Group - https://t.me/enigmacatalyst + +Discord Group - https://discord.gg/SJK32GY + +Website - www.enigma.co + +Enigmarines club - https://t.me/Enigmarines +Reading through Lubin's comments from a while a go: + +http://np.reddit.com/r/ethereum/comments/5m6z5u/what_is_enterprise_ethereum/ + +If you cherry pick (and even if you don't), the writing is on the wall + +> In broad strokes, it is a bunch of companies, large and small **that are using and building on Ethereum, both in the public blockchain context and private permissioned contexts**, who are organizing to build architectures that they need in their work, at the protocol level and application layer + + +&nbsp; + + +> **The public blockchain is primary for many in that group**. Private permissioned versions are necessary for various uses cases and especially necessary while Ethereum grows more scalable and configurably private/confidential and this group will also assist in that regard + + +&nbsp; + + + +> It is possible, in the next 6 months, **that we will demonstrate an application that makes use of both private and public blockchain. The future will see many, many of these.** + +&nbsp; + +> businesses can start where they are comfortable, and **then migrate all or parts of their applications to take advantage of characteristics of the public blockchain** + + +&nbsp; + + +> **Tue, February 28, 2017** +> +> **8:00 AM – 7:00 PM EST** + +What do you suppose can take an entire day about this simple announcement? + +And its at JP Morgan's offices: + +> JPMorgan Chase Bank, N.A. +> +> **4 Chase Metrotech Center / 5th Floor** + +&nbsp; + +Plus we have the collapse R3 which no doubt has been festering for sometime and only announced now. Leaving some quite disgruntled payors into this consortium, when we can do both permissioned and public as above? For free? + +And last but not least - Bob's even more telling prediction ( and he works at Consensys.. ) + +https://twitter.com/BobSummerwill/status/835294528336637954 + +Bundle up all the above together and what can one expect on Tuesday the 28th? + +https://s9.postimg.org/r2pkwyj0v/moohaha.jpg + +That's right :-) + + + + +BTC supply is growing at less than 2%. + +Previous cycles it was ~ 4 or 8 %. + +90% is mined. + +BTC is now more scarce than gold, before it wasn’t due to the supply growth. + +That’s it, that’s the reason. No TA or anything dumb speculation over whether another country will adopt. + +Moon eventually 🌗 +BCH is having another go at dethroning Bitcoin. It started a few hours ago, same tactic as before, pump their coin over a few days, use their Chinese mining buddies at Antpool and associated pools to exclusively mine BCH all around the time there is a difficulty adjustment for BTC. It's no secret, they have admitted its part of a plan. + +Last time they attempted to tank BTC it was their investors/supporters that lost out. This is not about scaling or the ideology behind Satoshi's vision, its about greed, power and revenge. This useless, irresponsible game of thrones is pulling this space down deeper into the gutter.. how are we going to attract the confidence and trust of newcomers with this sort of nonsense going on? +As members of this space we all have an obligation to each other to keep it self regulated, act in a mature responsible manner, to call out bad actors and to protest against their corrupt actions and lack of ethics. + +I am calling out Bitcoin Cash as a malicious fork with the sole aspiration to topple BTC and to steal its brand and market. Many of the people behind BCH are people of ill repute and the chinese mining cartel, owned by Bitmain, all are out to achieve their own agendas and they care less about the BCH community. + +They have pumped their coin a number of times and each time loyal supporters have contributed on the basis of helping the 'cause' only to loose money when the pump is over. BCH is a disgrace to the entire crypto-currency community. +This past year I did a lot of crypto trading. I used a lot of different exchanges and within each exchange did quite a few trades. Having to go through each exchange, go through all the history, figure out the cost basis is kinda a pain, and now having to go back through all of it makes me not want to trade. Then on top of that the forms you need to fill out 1099- NEC, 8949, plus stuff on your actually return. Yes it was nice making some money (and losing some lol), but after going through all this work only to pay the Gov more money that they will just misuse is a little disheartening. + +Anyway just wanted to vent a little. +**Confusion around the recent stock split runs rampant. Here are the details on the stock split, and what to ask your broker to confirm that you received your dividend shares:** + +**Official GameStop corrspondance on the stock split:** + +* [https://gamestop.gcs-web.com/sec-filings/sec-filing/def-14a/0001193125-22-113167](https://gamestop.gcs-web.com/sec-filings/sec-filing/def-14a/0001193125-22-113167) +* [https://gamestop.gcs-web.com/node/19826/html](https://gamestop.gcs-web.com/node/19826/html) +* [https://gamestop.gcs-web.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8](https://gamestop.gcs-web.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8) + +&#x200B; + +**This is a stock split** ***in the form of a stock dividend***\*\*.\*\* This is not a stock dividend (which debits GameStop's retained earnings and is a taxabel event). Nor is it a traditional (forward) stock split. It is a stock split *via* stock dividend. The difference is in the *distribution* of shares for the split. + +*Stock split (Traditional):* Existing shares in account are multipied by the split ratio and price is adjusted accordingly. Not a taxable event. + +*Stock split (Dividend):* The DTC distributes additonal shares by the split ratio and price is adjusted accordingly. Not a taxable event. + +**Process:** + +GameStop approves the stock split in the form of a stock dividend and tells their transfer agent ComputerShare to distribute the dividend shares on the distribution date of the split. A corporate action notice goes out to the DTCC who in turn communicates this corporate action to broker-dealers. + +On the distribution date, Computershare credits DRS accounts and sends the residual dividend shares to the DTCC. + +The DTCC through the CNS (Continuous Net Settlement) process allocates the dividend shares to broker-dealers and the broker-dealer credits all eligible individual investor account with the shares. + +**Concerns and clarifying with your broker:** + +Different brokers will have different statement reporting techniques. The transaction should be recorded as a stock split not a stock dividend. If you have concerns that the stock split has been done as a forward split and not a dividend split, then you need to ask your boker if they received a corporate action notice for a traditional (forward split) or a stock split in the form of a stock dividend. Further to this, clarifyingthey receieved a distribution of shares from the DTC and didn't just switch your one share into 4 shares. + +&#x200B; + +**What happens next?:** + +All investors who hold GameStop that have not lent out their shares are entitled to and should have received the dividend shares. However, given that ComputerShare issued only a fixed amount of dividend shares to the DTCC, and due to naked shorts / synthetics shares, there were not enough shares distributed from the stock split to credit all entitled shareholders. Therefore behind the scenes shares have been internalized (shares have been credited to shareholder accounts for the stock split dividend but the shares were never received by the DTCC from ComputerShare). + +Additionally, there are over 90 million shares lent out by brokers, and if the broker did not recall the the shares prior to the stock split then the broker did not recieve the stock split dividend shares from the DTCC to be able to credit the dividend shares to their clients accounts. As the broker had to credit the shares to the client accounts, they are working behind the scenes to reconcile the missing shares with the borrower / shorts (the borrower is responsible for the missing dividend shares, and if they sold/shorted the shares they borrowed then they did not receive the stock split dividend shares (the investor who bought the shorted shares has received them). + +Therefore, for every legally borrowed/shorted share, and for every naked/syntethic share in existence (for which the DD supports is in the hundreds of millions to billions), the three additional dividend shares from the stock split have to be covered. This is what has been internalized and needs to be reconciled behind the scenes. + +**All short positions and all synthetic positions dilute the value of GME. As the shorts/synthetics and internalized divididends are closed - the price of $GME will increase. What might this mean for future GME price appreciation?!? A comparative look at Tesla's stock split. Spoiler Alert - This Could Be HUGE!:** + +[*https://www.reddit.com/r/Superstonk/comments/vt5q45/gamestop\_has\_announced\_a\_41\_stock\_split\_in\_the/?utm\_source=share&utm\_medium=web2x&context=3*](https://www.reddit.com/r/Superstonk/comments/vt5q45/gamestop_has_announced_a_41_stock_split_in_the/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +For brokers that haven't processed the stock split via dividend, or for other identified manipulation and illegal practices identified against GME - *Make your voice heard outside of reddit. Please save this quick link resouce for lodging a complaint.* ***A quick referenceresouce for both domestic and international apes, that includes agency link contacts (SEC, DOJ etc), templates for complaints, social media contact links, and media / journalist contact links for complaints:*** + +[*https://www.reddit.com/r/Superstonk/comments/scj6ae/an\_extensive\_quick\_link\_resource\_to\_file\_a/*](https://www.reddit.com/r/Superstonk/comments/scj6ae/an_extensive_quick_link_resource_to_file_a/) + +&#x200B; + +Edit add ***TL;DR*** + +&#x200B; + +* Stock dividend: GameStop would have had to debit retained earnings, and it would have been a taxable event. This was not a stock dividend, but a stock split via dividend distribution. +* Stock split (forward or dividend): No capital account adjustment to retained earnings, and it is not a taxable event. With both forward or dividend splits, shares outstanding are increased and value is decreased proprotionately. +* For a forward split, no shares are actually distributed between ComputerShare, DTC and Broker-Dealers. A corporate action notice goes out and brokers simply multiply every original share times the split ratio for each investors account, price is adjusted accordingly. +* For a dividend split, shares are actually distributed between ComputerShare, DTC and Broker-Dealers. An adjustment is made through the CNS (Continuous Net Settlement) process between the DTC and Brokers for the distribution of the shares. Price is adjusted accordingly. +* GameStop did a stock split via dividend distribution and this hurts the synthetics/naked shorts. + +&#x200B; + +Buy, Hodl, DRS & 'Share the Story' + +>To the moon fellow apes! + +&#x200B; + + DISCLOSURE: * Information contained in this email has been compiled from sources believed to be reliable in nature. No representations or warranty, express or implied, is made by as to its accuracy, completeness or correctness. All opinions and estimates contained in this email are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this email or the information contained herein. * + +*Edit* *Addendum: There are lots of questions around the DTCC / Broker treatment of the stock split in the form of a stock dividend.* + +***The FC-06 code is debunked / incorrect:*** [*https://www.reddit.com/r/Superstonk/comments/whoz2t/comment/ij794dr/?utm\_source=share&utm\_medium=web2x&context=3*](https://www.reddit.com/r/Superstonk/comments/whoz2t/comment/ij794dr/?utm_source=share&utm_medium=web2x&context=3) + +**However, there is definitive proof that the stock split dividend has been incorrectly processed:** [*https://www.reddit.com/r/Superstonk/comments/whu9dm/we\_having\_fun\_yet/?utm\_source=share&utm\_medium=web2x&context=3*](https://www.reddit.com/r/Superstonk/comments/whu9dm/we_having_fun_yet/?utm_source=share&utm_medium=web2x&context=3) + +**If you are concerned your broker processed the stock split as a traditional stock split (forward) instead of a stock split (dividend), you may want to ask :** + +" With regareds to GameStop's stock split in the form of a stock distribution, I would like \*you/broker\* to confirm that this was not processed as a traditional forward split. Please confirm that the DTCC / CDS distributed the newly issued GME shares (4:1 ratio) to you as part of the distribution process of GameStop's stock split in the form of a stock distribution." + +You can add the following also: + +GameStop press release: [https://news.gamestop.com/stock-split](https://news.gamestop.com/stock-split) +I started investing just around the bottom of the 2008-2009 market crash, and have been investing steadily ever since (until 03-2017). Now I'm thinking of cashing out. + +I know that trying to time the market is generally discouraged here, but if one feels a market dip is coming with 0-2 years, then why exactly not? + +I live in Denmark, by the way, and invest mostly in various mutual funds. I don't consider myself to be an investing expert in any sense of the word. I don't think I can perfectly time the bottoms or tops, of course, either. + +Basically, at what point is it justified to cash out? (and then wait to re-invest) +I believe I represent the next slice of the market for bitcoin. I'm 30-something, male, liberal, and tech savvy by broad societal standards (I rooted my android phone and had ubuntu installed on a laptop at some point). But I'm not a crypto-geek, I'm not a raging libertarian, and I don't do drugs. + +I dialed up bulletin board systems (BBSs) back in the days before the internet, and bitcoin feels a bit like that did for me - something that seems like it could be really big but still somehow missing its potential. + +Here's the problem. I haven't bought any bitcoins. Here's why: + +1. The slew of posts talking about "securing your wallet". A laptop with no hard drive? Live linux installs? "Disable all internet connections!" etc. Not to mentioin the stories that pop up of people "missing" bitcoins. I get it - online wallet's are not as secure but the work that goes into having a secure wallet on my deskstop seems to daunting. Solution: An online wallet with some guarantees. + +2. I can't spend it. I don't want to buy drugs. Every other place I can use bitcoin just instantly exchanges it for dollars. If that's the case, I'll just spend dollars. Yes, I get the anonymity thing - but frankly if I'm buying something and having it sent to my house I'm not anonymous anyway. Solution: make bitcoin purchases "special". Add some value to it that dollars don't have. Either a discount, or a "locked in" price or action figure. Something. + +3. Complexity of purchase. I figured I'd buy a few bitcoins to play around with. So far, I tried to open an account with Mt. Gox (still waiting verification) coinbase (couldn't buy coins) and now campbx (waiting for my dwolla transfer to go through). For a guy like me, going to the bank with cash in hand is not a solution - I need to be able to buy these things from my home and with the speed I'm accustomed to. Solution? Coinbase does it right (but verification needs to be faster), but they don't have the depth to sell. Someone needs to fill this void. + +4. Complexity of the system: Wait. There is my wallet, then there are "change wallets" that somehow live within my wallet? I can increase transaction fee to speed up transfer? I have seen so many posts that say "If you can't understand it, don't buy it". This is exactly the wrong mentality to bring something like this mainstream. It needs to be dead simple. Idiot proof. + +Fix these things, and bitcoin can go mainstream. If not - I think we have another Prodigy (c) on our hands. + +tl/dr: I'm a yuppie. Bitcoin is scary. +Hey all, trying to find a way to keep updated with my dividends since I'm expanding and buying more and more. I saw this website the other day and wanted to know if anyone is using the site and how good it is. +After carefully doing some DD's and reading this sub I built a dividend portfolio. I'm 25 so i tried to include some growth but i'd love to hear your thoughtd. My goal is to FIRE at 45 hence why i decided to start this dividend portfolio early. I'm European so i don't have access to most of the best dividends ETFs. + +For now i have 25 positions. In a year i'll think about reducing to 20 or 15 by getting rid of the worst performers, especially among the REITs, i still have to see by my own eyes if the high dividends can offset the slow growth on these stocks. + +Any advices on my positions? + +Tech : 27,5% MSFT, AAPL, NVDA, INTC, AVGO + +REIT : 20% O, CCI, DLR, IIPR, PLD, CTRE + +Finance : 15% ALV, JPM, RY, BMO, BNS + +Consumer staples : 15% PG, PEP, NKE + +Healthcare : 12,5% JNJ, PFE, ABBV + +Others : 10% HD, T, GAW +Iv Bern looking for some dividend ETFs since my portfolio is only individual stocks right now. It seems VYM is recommended often but in comparison threads it doesn't seem to perform well. I was thinking of adding 2-5 ETFs of most likely equal distribution. I might still add QQQ in place of one of them for some growth. Overall was looking at VYM, SCHD, DGRO, DGRW, SPHD, SPYD, VIG. + +I was originally thinking 25% each of VYM, DGRO, SCHD, and QQQ but am second guessing myself. The dividends will be reinvested for about 5-7 years before taking them out as distributions. My issues are if I should have VYM in there. If I should go VIG or DGRO or possibly split the difference and go about 10-15% in each of those two. Same issue with a monthly. If I should have one in there if I'm not taking distributions just yet. +Iv Bern looking for some dividend ETFs since my portfolio is only individual stocks right now. It seems VYM is recommended often but in comparison threads it doesn't seem to perform well. I was thinking of adding 2-5 ETFs of most likely equal distribution. I might still add QQQ in place of one of them for some growth. Overall was looking at VYM, SCHD, DGRO, DGRW, SPHD, SPYD, VIG. + +I was originally thinking 25% each of VYM, DGRO, SCHD, and QQQ but am second guessing myself. The dividends will be reinvested for about 5-7 years before taking them out as distributions. My issues are if I should have VYM in there. If I should go VIG or DGRO or possibly split the difference and go about 10-15% in each of those two. Same issue with a monthly. If I should have one in there if I'm not taking distributions just yet. +Well, I turned 40 this year. I know I’m late to the game and just recently started investing in April. I can only afford around $600 monthly but will put in a little extra when I can. I currently am in just over 5k invested of stocks and crypto. I’m looking for suggestions to help and old noob out! Thanks everyone 🙌🏽🤘🏽 +I love dividend stocks as many do in this group. In this recent market it’s easy to see some possible great dividends stocks whose price seems cheap, or have a huge yield. But it’s so hard to pick a winner. What have been some great looking or forecasted winners in the dividend world who just didn’t live up to the hype? +Hello. I have 10,000 dollars. I want to buy: SCHD - 25%, SPHD - 25%, DIVO - 25%, SCHY - 25%. How do you rate my choice? Have I chosen the right ETF and have I allocated the correct percentage for the purchase? +End of 2020, I had a deep look at Prospect Capital. + +Back then the dividend yield was at 13% and this is what, on the one hand motivated me to get on board, but on the other hand scared me a bit, as it seemed to be WAY too high for a healthy company... + +Now 3 months later, PSEC went up by 35%, and therefore the current yield dropped a bit, but new investors still get 10% + +[https://www.dividendmax.com/united-states/nasdaq/financial-services/prospect-capital-corp/dividends](https://www.dividendmax.com/united-states/nasdaq/financial-services/prospect-capital-corp/dividends) +Hey guys. As of right now the yield for my portfolio is 3.73%, with around 15k invested. I have more growth assests as I’m not 20 yet. + +What do you consider a “good” yield percent for a portfolio? + +Thanks! And stay safe +Ban of proof of work is back on the table in the european parliament, they sneaked it back in! We need to act now. Let them know, what we think about this. + +sources: + +tweet: [https://twitter.com/paddi\_hansen/status/1502546546914729984](https://twitter.com/paddi_hansen/status/1502546546914729984) + +article (german): [https://www.btc-echo.de/news/bitcoin-verbot-kurzfristige-aenderungsantraege-bedrohen-btc-zukunft-136928/](https://www.btc-echo.de/news/bitcoin-verbot-kurzfristige-aenderungsantraege-bedrohen-btc-zukunft-136928/) + +**Here is what can do (translated from btc-echo.de):** + +*For this reason, we are publishing a collected list with all the email addresses of the MEPs who will vote on Monday.* + +[*https://www.btc-echo.de/wp-content/uploads/2022/03/22-03-12-Europaeisches-Parlament\_SH.pdf*](https://www.btc-echo.de/wp-content/uploads/2022/03/22-03-12-Europaeisches-Parlament_SH.pdf) + +*This includes those from the liberal and Christian Democratic camps who oppose a Bitcoin ban as well as Greens, Leftists and Social Democrats who have submitted the aforementioned amendments.* ***So anyone who likes can make use of their democratic right and formulate their objections constructively.*** +Those whole GME / AMC thing seems awesome. I'm loving it. But I'm not getting the concept of why the short sellers aren't just cutting their losses now while theta is chewing the shit out of them and their losses continue to increase. Do they really think the bottom is going to fall out at the last minute...so much that they would risk billions more? I've gotta be missing something here...what is it? +**Is this our 4/20 Smoking Gun?** + +And where are the **19,285,389 missing bananas** from the 4/13 - 4/20? + +&#x200B; + +I emailed **FINRA Webmaster** today and said + +"I wanted to know more about your FINRA ADF data, but it appears as though ADF trading volume is not reported on either: + +[https://www.finra.org/finra-data/short-sale-volume-daily](https://www.finra.org/finra-data/short-sale-volume-daily) + +or + +[http://regsho.finra.org/regsho-April.html](http://regsho.finra.org/regsho-April.html) + +It seems strange that ADF data is not reported for any securities.  I see some of the data listed on a Bloomberg terminal, but with so much volume routed through ADF, it seems like customers and investors and regulators should be able to access that data. + +Please let me know how else I might be able to access the daily ADF data. Thanks," + +&#x200B; + +He replied: + +**"Hello, there are no broker-dealers currently using ADF as their primary means of reporting trades. Therefore, no trading volume would be expected since no one is currently using that facility to report trades. Thank you."** + +&#x200B; + +[That really is strange...](https://preview.redd.it/9d6nxvaq0fu61.png?width=1179&format=png&auto=webp&s=b5367355a9b6b50bda2a1b3692f3afe28d2c8f7a) + +This seems to completely contradict the already questionable Bloomberg Terminal Data + +[https://www.reddit.com/r/Superstonk/comments/mu9a2d/190421\_gme\_bloomberg\_terminal\_information/](https://www.reddit.com/r/Superstonk/comments/mu9a2d/190421_gme_bloomberg_terminal_information/) + +[https://www.reddit.com/r/Superstonk/comments/muzaqy/20042021\_gme\_bloomberg\_terminal\_information/](https://www.reddit.com/r/Superstonk/comments/muzaqy/20042021_gme_bloomberg_terminal_information/) + +which is missing **>30%** of the total trading volume every day for the past week + +The Bloomberg Terminal also shows **4-5x** **more volume** is going through the **FINRA ADF** than the next highest exchange every single day for the past week (**and likely much longer**). + +You tell me? + +&#x200B; + +**Edit**: Thank you to u/Ravada for your daily Bloomberg Terminal Posts. All Bloomberg data and images were taken from his daily posts. Thanks Ravada! + +&#x200B; + +**Edit 1:** **Bloomberg Terminal Data** + +**4/19 Data** is missing approximately **36.8%** of 4/19 total trading volume (10,476,401). FINRA ADF 4.4x more than EDGX. + +**Where are the 3,856,721 missing bananas?** + +[4\/19 - Where are the 3,856,721 missing bananas?](https://preview.redd.it/dbuls04oweu61.png?width=1917&format=png&auto=webp&s=100e0f4a5977d65fa4da40a2050ad98b8992d96a) + +&#x200B; + +**4/20 Data** is missing **37.5%** of 4/20 total trading volume (4,576,419). FINRA ADF 3.4x more than EDGX. + +**Where are the 1,719,938 missing bananas?** + +[4\/20 - Where are the 1,719,938 missing bananas?](https://preview.redd.it/m6t3n9btweu61.png?width=1914&format=png&auto=webp&s=811e18b2e71c9d43ced261a604591ad88c2ef499) + +&#x200B; + +**4/16** \- FINRA ADF - 1,783,408 - missing **38.9%** (2,031,239) of total trading volume (5,214,710). FINRA **4.4x** more than New York. + +[4\/16 - Where are the 2,031,239 missing bananas?](https://preview.redd.it/63l9mvb9weu61.png?width=1916&format=png&auto=webp&s=dc2f11ed89cf5a1c3038e670ba17c43740773942) + +**4/15** \- FINRA ADF - 2.935,255 - missing **33.6%** (2,640,551) of total trading volume (7,856,780). FINRA **5.3x** more than EDGX. + +[4\/15 - Where are the 2,640,551 missing bananas?](https://preview.redd.it/2oaek0adweu61.png?width=1917&format=png&auto=webp&s=a1cf9d3125e6deeadd90621508897f102128b98a) + +**4/14** \- FINRA ADF - 8,792,903 - missing **31.4%** (6,641,200) of total trading volume (21,138,138). FINRA **5.7x** more than EDGX. + +[4\/14 - Where are the 6,641,200 missing bananas?](https://preview.redd.it/he1c78igweu61.png?width=1918&format=png&auto=webp&s=4dd5c1642ae4180a37bb21f798740ca75be886c1) + +**4/13** \- FINRA ADF - 2,346,871 - missing **35.1%** (2,395,740) of total trading volume (6,806,868). FINRA **4.8x** more than EDGX. + +[4\/13 - Where are the 2,395,740 missing bananas?](https://preview.redd.it/wm5d9igjweu61.png?width=1918&format=png&auto=webp&s=e551ef184cbf1bdd4efe46a16e15edd0184edf81) + +**Edit 2**: Weekly GME Data + +[GME Weekly Trading Data \(4\/13 - 4\/20\)](https://preview.redd.it/ae3td80tyeu61.png?width=1027&format=png&auto=webp&s=44fca1cf9a1b5222f19333f4221660ac3728975d) + +**Edit 3**: Formatting + +**Edit 4**: Nasdaq April GME Trading Data (for total volume discrepancies vs. Bloomberg) + +[https:\/\/www.nasdaq.com\/market-activity\/stocks\/gme\/historical](https://preview.redd.it/o9rosengifu61.png?width=684&format=png&auto=webp&s=833150a275c1a63f73b057e6860bd880742aaf79) + +**TLDR**: Where are the **19,285,389 missing bananas** from 4/13 - 4/20? What is going on with FINRA ADF? 🦍 🦧 💎 🙌 💎 🚀 + +[https://www.finra.org/filing-reporting/alternative-display-facililty-adf](https://www.finra.org/filing-reporting/alternative-display-facililty-adf) + +[https://www.finra.org/contact-finra](https://www.finra.org/contact-finra) +I have been pretty neck deep in researching the history of the stock market, computing, and a series of other rabbit holes of learning that all stem from GameStop. + +I've tried to post earlier drafts of this a few times but have been slaughtered by the automod filter due to some of the topics so it's been a bit tough trying to post this. + +In my researching government documents and re-watching the matrix , I believe I found a little Dodd-Frank legal Oopies the Shorting hedge funds seem to have violated in their shenanigans and goings on in the global economy. + +&#x200B; + +I haven’t heard anyone talking about so I figured I would make a post as it feels like it deserves one by itself. + +[Me after reading Dodd-Frank Section 746](https://i.redd.it/zvwa34bqfb371.gif) + +This is Dodd-Frank, it was good for Retail. + +[https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf](https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf) + +&#x200B; + +Gary Gensler, SEC Chair extraordinaire, had a role in pushing through Dodd-Frank into law, and more specifically something called the Eddie Murphy Rule. + +Section 746 in the Dodd-Frank Act to be even more specific. + +&#x200B; + +Now you're probably thinking what the fuck does Eddie Murphy, Gary Gensler, The Fed, Citadel Securities, and GameStop have to do with each other? + +The answer... is the Eddie Murphy film Trading Places. + +&#x200B; + +https://preview.redd.it/gck4q7mfvb371.jpg?width=338&format=pjpg&auto=webp&s=a2743812ba1366e5fe7afefd706355864844f129 + +https://preview.redd.it/5nwe2bhvfb371.png?width=733&format=png&auto=webp&s=3d1e481eda053330887ef88f09ff7d7aa887f061 + +Let's see how another source covered the Dodd-Frank addition at the time...see if we can gleam ~~Bezos's~~ opinion on it via what wsj has to say... + +(Honestly I was thinking about that send my regards puppet masters tweet Elon made a while back and Mixed up Bezos with Rupert Murdoch... + +> The Wall Street Journal is controlled by **Rupert Murdoch** via Dow Jones Publications, which in turn is owned by **Murdoch's** News Corp. It published its first issue on July 8, 1889, under original publishers Charles Dow, Charles Bergstresser, and Edward Jones. + +&#x200B; + +https://preview.redd.it/i15z0vy5gb371.png?width=720&format=png&auto=webp&s=45b1a9cc012abcb4338013b9cb9d4f4254481701 + +That's a super weird way to end an article about a legitimate concern...I legit am also concerned about children creating grown adult women to bang in the burbs so yeah regulates that too wsj. wtf. + +How about we take a moment to instead look at the actual Eddie Murphy Rule itself and see if we can see what would upset the WSJ and Bezos so much... + +# Dodd-Frank Sec. 746. INSIDER TRADING + +>Section 4c(a) of the Commodity Exchange Act (7 U.S.C. 6c(a)) is amended by adding at the end the following: +> +>‘‘(3) CONTRACT OF SALE.—**It shall be unlawful for any employee or agent of any department or agency of the Federal Government who, by virtue of the employment or position of the employee or agent, acquires information that may affect or tend to affect the price of any commodity in interstate commerce, or for future delivery, or any swap, and which information has not been disseminated by the department or agency of the Federal Government holding or creating the information in a manner which makes it generally available to the trading public, or disclosed in a criminal, civil, or administrative hearing, or in a congressional, administrative, or Government Accountability Office report, hearing, audit, or investigation, to use the information in his personal capacity and for personal gain to enter into, or offer to enter into—** +> +>‘‘(A) a **contract of sale of a commodity for future delivery** (or option on such a contract); +> +>‘‘(B) **an option** (other than an option executed or traded on a national securities exchange registered pursuant to section 6(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78f(a)); or +> +>‘‘(C) **a swap** + +&#x200B; + +Insider Trading specifically commodities based the acquisition of information from the Government that is not publicly known and may impact the price of said commodities. + +&#x200B; + +>(4) NONPUBLIC INFORMATION.— +> +>‘‘(A) IMPARTING OF NONPUBLIC INFORMATION.—It shall be unlawful for any employee or agent of any department or agency of the Federal Government who, by virtue of the employment or position of the employee or agent, acquires information that may affect or tend to affect the price of any commodity in interstate commerce, or for future delivery, or any swap, and which information has not been disseminated by the department or agency of the Federal Government holding or creating the information in a manner which makes it generally available to the trading public, or disclosed in a criminal, civil, or administrative hearing, or in a congressional, administrative, or Government Accountability Office report, hearing, audit, or investigation, to impart the information in his personal capacity and for personal gain with intent to assist another person, directly or indirectly, to use the information to enter into, or offer to enter into— +> +>‘‘(i) a contract of sale of a commodity for future delivery (or option on such a contract); +> +>‘‘(ii) an option (other than an option executed or traded on a national securities exchange registered pursuant to section 6(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78f(a)); or +> +>‘‘(iii) a swap. + +&#x200B; + +Hmmm....insider trading based upon government info not known to the public...and they can't skirt this by giving the info to another party to trade on their behalf as well. + +&#x200B; + +>‘‘(B) KNOWING USE.—It shall be unlawful for any person who receives information imparted by any employee or agent of any department or agency of the Federal Government as described in subparagraph (A) to knowingly use such information to enter into, or offer to enter into— +> +>‘‘(i) a contract of sale of a commodity for future delivery (or option on such a contract); +> +>‘‘(ii) an option (other than an option executed or traded on a national securities exchange registered pursuant to section 6(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78f(a)); or +> +>‘‘(iii) a swap. +> +>‘‘(C) THEFT OF NONPUBLIC INFORMATION.—It shall be unlawful for any person to steal, convert, or misappropriate, by any means whatsoever, information held or created by any department or agency of the Federal Government that may affect or tend to affect the price of any commodity in interstate commerce, or for future delivery, or any swap, where such person knows, or acts in reckless disregard of the fact, that such information has not been disseminated by the department or agency of the Federal Government holding or creating the information in a manner which makes it generally available to the trading public, or disclosed in a criminal, civil, or administrative hearing, or in a congressional, administrative, or Government Accountability Office report, hearing, audit, or investigation, and to use such information, or to impart such information with the intent to assist another person, directly or indirectly, to use such information to enter into, or offer to enter into— +> +>‘‘(i) a contract of sale of a commodity for future delivery (or option on such a contract); +> +>‘‘(ii) an option (other than an option executed or traded on a national securities exchange registered pursuant to section 6(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78f(a)); or +> +>‘‘(iii) a swap, provided, however, that nothing in this subparagraph shall preclude a person that has provided information concerning, or generated by, the person, its operations or activities, to any employee or agent of any department or agency of the Federal Government, voluntarily or as required by law, from using such information to enter into, or offer to enter into, a contract of sale, option, or swap described in clauses (i), (ii), or (iii).’’. + +So here we have a sweeping list of Dodd-Frank essentially outlining all the ways the scheme worked in the movie Trading Places. + +Well here's were I'm a bit perplexed. At the end it seems to say while we have made all this shit illegal with this provision to Dodd-Frank there's still nothing to prevent anyone from actually doing any of this in actuality. + +# So where does Shitadel fit into this all? + +&#x200B; + +[ https:\/\/www.ft.com\/content\/47912e56-ab4b-11e6-ba7d-76378e4fef24 ](https://preview.redd.it/k1a3yktwgb371.png?width=731&format=png&auto=webp&s=37514cfd4a6af3a07d751db42dd4243343fceedc) + +&#x200B; + +I know you're asking now if only there was some kind of weird shift in Citadel Securities years ago that seems to imply that the shorting of the bond market was tied to insider information from the Fed regarding the market post 2008... + +Now why does this even matter. This is a GameStop subreddit, and we're talking commodities here, get this bond shit out of here you're probably thinking. + +I believe this is a missing puzzle piece to what House of Cards, The Everything Short, and other amazing DD from Apes have uncovered thus far. + +&#x200B; + +https://preview.redd.it/qtscl92ahb371.png?width=1180&format=png&auto=webp&s=e20287406aedcc961ceae935ea97906c53e13eda + +Early in December of 2020 Citadel Securities then announces it's rolling out a new product for the bond market that it tied to the yield on 10-year notes. + +This smaller exchange is retail focused, but there is absolutely nothing about it that limits it to Retail or smaller accounts... + +&#x200B; + +https://preview.redd.it/q7pbktobhb371.png?width=647&format=png&auto=webp&s=59a7ca18556f4da431d9384a02cf79a93ad31a05 + +This is the first time a future's been launched in yield versus price terms...it's cheaper for average people to enter...It explodes in the start of the Pandemic...anonymous buying and selling...sells computerization and removal of regulatory standards as a selling aspect...they consider it to be a betting site... + +Let me take one little guess what kind of small exchanges we're talking about here. + +Let's see a name for something that rips off the retail investor... + +&#x200B; + +https://preview.redd.it/dpxu158dhb371.png?width=819&format=png&auto=webp&s=65d3663908a8be8e2d96bc2bf2579dc7e31c5742 + +Not be be that guy, but Robinhood is that actually accurate? + +because I will argue that they are involved in the manipulation of their market due exploiting the legal gray area of selling it on their app. You don't own wallets on there. Therefore the customer is not technically a true owner with the ability to sell or buy gatekept by Robinhood. More on that later. + +Without even going into what I'm about to lay out, by having a majority of the wall street facing investing market monopolized they have both the means and ability to manipulate the futures will go because of it. + +Their position in the pandemic also gave them prior knowledge of stimulus which like the rest of the financial system I'm sure you're notices the article about how you could have made more money by dumping your checks into chasing a dog would have made you less than what buying more GME would have. +