diff --git "a/reddit_finance_43_250k_416.txt" "b/reddit_finance_43_250k_416.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_416.txt" @@ -0,0 +1,10000 @@ + +Now I know the finances are terrible, one of our options is for me to contact my creditors and entering into payment plans and paying vastly reduced monthly amounts. This could potentially save £1k+ a month. + +My wife works in a bank so I don't think this is a viable option for her. + +My kid and I would remain in the house while the wife moves back home to her mums. + +I know doing this would result in me having zero credit facility for the next 6+ years. + +Could I get some opinions on if this is a viable option. At the moment it looks like the only way we can both separate and move on. + +And at some point in the future - 6+years, I would buy my wife out of our house... + +Any advice would be appreciated. I live in Scotland. +Hi, y’all - lurker here. Coming to y’all for some advice. + +My boyfriend and I just moved in together and have been splitting groceries 50/50 but it turns out that we don’t eat evenly. With both of us being broke, I can’t justify paying 50% of the monthly groceries when I’m only eating 35-40% of them. Or we eat different things but still split them (for example, he hates bananas but I love them). How do y’all manage this? My boyfriend is also in agreeance that our current 50/50 split isn’t fair but we’re not sure how to make this work. + +We’d prefer to do our weekly shopping together in one trip (and not take separate trips, where we each buy our own food, kind of like how roommates might do it) but am struggling to see a way to make this work that won’t require multiple steps and a lot of time figuring it all out in the store (who is paying for what, etc). + +Does anyone have any advice for us? + +Thanks y’all!! + +Edit: y’all need to chill with the judgment about the spirit of our relationship - this isn’t the relationship advice subreddit. Thanks for everyone who gave helpful advice - just trying to figure this out so we can make the most of our income! +Do you look which job pays the most? Or do you want a job with a reasonable work life balance? + +And how have your priorities changed as you’ve progressed throughout your career? +I'm of the opinion that we're well and truly into a recession. I work in the Tv and film industry and all my colleagues are feeling it. I'm a freelancer and out of the most recent projects I have done people are more concerned with price than anything else. This isn't usual. + +&#x200B; + +So before I'm forced to start living in a cardboard box I've decided I'm trimming the fat and thought I would share what I am doing and open up the discussion for others to share their ideas on living a bit cheaper. + +&#x200B; + +1. I've gone over my budget (business/personal) and identified the fatty areas. What is an absolute must and what can be put on hold for now. No more strippers or blackjack. +2. I've also reassessed any services I use and determine whether I can find a cheaper deal. ( I cancelled my plan with Telstra ($105/month) and got a new plan with Optus ($40/month). I made my wife chose between Netflix and Stan, she has until midnight tonight to decide. +3. To prepare for less work coming in I have also reassessed how "rich" I can run my business. I'm doing less driving, actually none at the moment, so I called my insurance company and changed my coverage over to 3rd party saving $180 over the year. I will also have more time to spend with my daughter so I have taken her out of daycare for one of her days saving $80 a week. +4. Stopped investing for the short term. I'm still putting away $100 a week but with the uncertainty hanging over where the next paycheck is coming from I have decided to put a stop to my weekly VDHG contributions leaving an extra $250 in my pocket. +5. Cutting back on the energy bill. We started contributing $20 a week to a power bill in advance for a discount of 10% by paying on time. Also, socks and jumpers are being worn about the house now instead of pretending we live in a Swedish sauna. +6. Food. I was shocked by the amount of money my wife had been spending on groceries. So we had a hard chat and decided it's time to give up the rib eye five nights a week and start eating cheaper produce. We can get two weeks of veggies at the growers market for $40-$50. bringing our food spending down from $600/month to $400. + +This may seem extreme to those that are used to getting the same paycheck every week. But this is not the life of a freelancer. You have no guarantees of getting work of being paid in a timely fashion. I'm still owed over $10,000 from the past month's work but clients can be real pricks when they have to hand over money and this makes my cash flow suffer. So I have been extreme but better to pre-emptively take action than to find myself in a pinch around a more important time like the Christmas period. I've taken our household budget down from $1373.00 to $853.00 saving $520/month. There are other expenses that I write off through my business that I haven't included such as rent/internet. + +If work picks up I can easily pivot back into a more lavish existence but after (hopefully only months) of living stingy I won't feel the need to waste my money. + +So what are some more ideas for saving money and trimming the fat? Who else is a freelancer and what would you do? +So, most of this sub, r/personalfinance, and reddit in general will tell you to passively invest by buying Vanguard index funds and letting them sit for 40 years so you can have a few hundred thousand for when you retire. + +That's fine and all, and I do that too, but I want to know how many of y'all do this every day as your bread and butter. How many of you guys have a significant amount of capital (at least 100,000) that you actively manage. How many of y'all buy and sell individual stocks? How many of you guys perform fundamental analysis and use statistics tools to help you buy and sell? + +How did those of you who do this for a living get to that point? Do you work for a bank, or do you do all of your trading at home? How did you get into it? How old are you? Did you go to school for it? + +This post is purely for curiosity sake and to get an idea of the makeup of this sub. +Last night, went out to dinner with an old college friend who I hadn't seen in seversl years. BSing & yadda yadda. So, this non-pleb deals with decision-making and his craft is to understand and learn about how ppl make decisions. Zlets play the trust me bro game... you can disregard if ya like but what he postulated got me thinking. + +this non-pleb is a passive "investor" - the boring stuff lots of SHFs use for collateral as well as shorting. anyhew, non-pleb asks what i know bout gamestop. pull out the not-so-smart device and showed non-pleb a bits of the DD. + +in short, non-pleb instantly says - it makes sense! so i play along - "what makes sense"? + +the purpose of the inflation and money printer is to rapidly reduce disposable income. naturally i reply, uh no shit. non-pleb says no no no - if the debt and obligations are so great that if the price spikes incredibly rapidly, the average pleb will not be able to participate. so i said why not tsnkbthe price & scare away the plebs. non-pleb says, laughingly, when your fuked the absolute last thing you do is let more ppl in on the fun. and if what is going on is true((which it is)) they need to discourage plebs who have no idea of stonks from jumping in. + +wat mean: the goal is no longer just psyops - they need as many as possible to not have cash on hand to play in fomo. non-pleb articulated that the final dagger will not be the massive drop instead a massive green dildo to keep ppl away - then non-pleb quipped: SEC gonna have to jump in. + +thoughts? + + +btw, if the first movie did nothing this 2nd one is just going to attract more attention & play it off that the current inflation is due to apes. happy happy joy joy... + + +DRS +Just a friendly reminder for those who have been on the fence or have just been putting it off like I was. Save yourself $25 and the stress of having your holdings in the custody of Robinhood. + +I won't recommend another brokerage because people have very strong opinions about it, so hopefully someone can chime in with pros/cons/etc.. +I've been slowly pulling money out of stocks as I hit price targets or cut losses for the last few months and now I have a little cash set aside that I think I want to dump into something a bit more stable for the next couple of years. + +I currently have some small positions in TAN, ARKG, and XRT, and I'm wondering if I should just add to those or further diversify my ETF portfolio. I'm particularly interested in the idea of something focused on a particular sector, but I just don't have any ideas right now. Otherwise, I might just split the cash across SPY and QQQ. +Absolutely no idea how to link the original post but a few wanted an update. + +Back story: I found a 32 year old £10 premium bond in my name. + +Had the exciting prospect of calling them up, them sending me a form, me sending the form back to them, wondering who the F is ERNIE? +It’s been a wild month in lockdown. + +I’ve been waiting for the post each day in anticipation. And today was the thrilling day when a white envelope came with a Sunderland return address on the back. + +I tore it open to find my premium bond had won over 32 years... sweet FA. And that was it. Straight back to homeschooling. Joy. + +(Side note, I also mentioned my mother in law has £2 PB that she’d never checked in over 60 years. She checked...also no prizes) +http://www.bloomberg.com/news/articles/2016-09-27/u-s-said-to-ponder-what-size-diesel-penalty-vw-can-withstand + +"**The U.S. Justice Department is assessing how big a criminal fine it can extract from Volkswagen AG over emissions-cheating without putting the German carmaker out of business**, according to two people familiar with the negotiations." +*Disclaimer: I trade with high-volume, high-volatility stocks between $1-$7, this list may not be for everybody. I am not advocating to buy and hold these stocks in any way, but they could present good set-ups to trade in and out of quickly* + +**NAKD**: Leading gapper, but could not find a catalyst. Good volume and price action in the premarket, but be cautious, could be a pump waiting for a dump without a catalyst. + +**MDGS**: Gapping up on COVID-related catalyst. Made a couple good moves on Friday, and could do the same today as it’s seeing similar attention on a new catalyst. + +**VXRT**: Gapping up, but could not find a catalyst. Decent volume and price action, but I’ll want to see a bit more when market opens. + +**ELTK**: Gapping up on good earnings. Seeing decent volume and price action in the premarket, and volatility should pick up when the market opens. + +**MMLP**: Gapping up, but could not find a catalyst. Spiked high in the premarket on low volume, but worth keeping an eye on for sure to see if volume increases. + +**ATOS**: Gapping up on COVID-related catalyst. Low volume in the premarket, but volatility could pick up when the market opens, especially because this stock is low float. Just be cautious and don’t force trades + +Potential plays from Friday: + +**NAT**: Continuing to run up. + +*Late Additions:* + +**YTEN** +Title. + +&#x200B; + +Like seriously, how in the whyfuck? + +&#x200B; + +Its coming, that fucking concrete wall, reinforced by MILLIONS of APES. Yet the idiot train conductor just continues to speed up, rather than slowing down. + +&#x200B; + +But why? Are they just hoping for a crash of mutual destruction? Or Wtf ? Can someone explain to me the possible reasons none of these fucks have started bailing out yet? The first to cover is going to be the least effected. + +Like the writing is on the wall, the apocalypses is coming and yet they're just chilling in their backyard, sunbathing under the fiery comet barreling towards them. So fucking reminiscent of the 'DONT LOOK UP' movie right now. + +&#x200B; + +Help... ELI-2 +I have been reading the comments on this sub for a few months now and every time I read someone say they make over $200k and have millions in their accounts, het we say they should keep working, makes me feel like really anxious about getting to that status and feel like a lost cause. I'm looking at FI in 10-12 years at the rate I'm going but am wondering if the rest of you deal with this type of "envy" or anxiety to reach that level as soon as possible when reading posts here. + +Edit 1: Thank you all for your comments and ideas on how to handle this situation. I've come to the realization that not everyone but me is making a killing in life. We are all struggling at all levels and there are a few cases where some redditors are making a ton of money. +With ACA being what it is and too young for Medicare I was curious how Americans in this group manage their healthcare needs? I can see an unexpected healthcare emergency wiping out your savings with no insurance pretty quickly. + +I’m all on board that is just one of my big concerns. +This post is directed toward vacation home owners, who self-manage or lease their home as a short-term rental ($5k/week and up) + + +Context: In the past couple of years, the short-term rental market has seen significant growth both in terms of $$ booked and supply/demand. Luxury rentals have been no exception, with certain destinations seeing massive influx of high-dollar travelers. + +Now, we’ve all heard from people who plan to ‘invest’ in a nice vacation somewhere and then expect it generate a sizable income/ROI. Personally, what I see today are high asset prices, with a draining artificial consumer demand created by the mega stimulus events, and the simultaneous realization of inflationary/stagflationary pressures on the economy and money. + +My question: Tangible, hard-to-reproduce assets like waterfront homes, unique properties, and land could offer protection against loss of principal/buying power, and luxury markets tend to manage better during economic ̶d̶e̶s̶t̶r̶u̶c̶t̶i̶o̶n̶ challenges than broad consumer. + +So.. realistically how much should ‘luxury’ vacation rental owners expect to earn, what is it like managing as an owner, and given said macro trends how sustainable do you think current demand is for the segment? +I'm 35, married, 1 kid that is 1 years old and we may have another one. My wife works full time and makes approx. $100K per year (she just finished an MBA and her comp may ramp up). I have a very successful career in private equity and recently made partner/principal. This year, income is expected to be at least $1.1M with around $550K in cash and the rest in carried interest. Current NW is around $6.5M with approximately $1.5M of that in carried interest (illiquid), $3.0M in liquid securities (stocks), and about $2M in private investments of mostly real estate. We live in a $1M Lakehouse with about $665K of mortgage debt on it. I have the opportunity to buy-in to our my private equity company which can lead to significant increases in carried interest overtime and also could result in a significant ROI from the investment itself. The comp package can easily ramp up to about $2M in comp per year with more of the incremental comp coming from carried interest in funds. The problem is, I am likely committing myself to another 5-10 years of high intensity 60-80 hour work weeks with a lot of stress. + +I am wondering if others have been in a similar situation where they have done well, are FI could RE with a fairly comfortable situation (or just do something else that may be less stressful but probably make less money) but have a material career opportunity in front of them that could pay handsomely and had to make a decision between retiring early (RE), starting something new or staying with the high stress, high reward opportunity in front of them. +Sorry for the aggressive title… + +Hey fam, something that everyone should know by now is that not a single broker gives a shit about you - they only care about the money. Whether that be FUDelity, WeBull(shit), eWhoro, TDAmerifuk etc. need I even mention RobbingHood. + +As we have all seen right from the start of forever, brokers will lie, have “glitches” and straight rob from you for their own benefit. + +Now more than ever, you should realise that as long as your shares aren’t directly registered under your name, your shares are going to be fucked with. + +There’s always been one way for your shares to be safe… ComputerShare. I know you’re angry - do the right thing. DRS. + +Love you guys. +Firstly I would like to say a massive thank you to everyone that upvoted my rubbish jokes and random posts. + +Since the lockdown my little one has felt lonely, not being able to play with friends. So we decided to cheer her up and get a dog. A friend to grow up with. + +After the latest moon drop, I sold my moon and rode the doge wave, then after that I traded for nano. Today I cashed out the profits to buy a beautiful chocolate and tan Dachshund. + +It doesn't matter if the price of moons goes to $1 or a million, the smile on my baby's face will always be priceless. + +[Say hello to little CeCe](https://imgur.com/a/5Koy8LP) , yep I named her after this community, because it wouldn't have been possible without you all. + + +Lisa also says thank you. ❤️ + + +I'm sure this will sound pedantic but with all the excitement lately, I'm seeing a lot of posts from people in their 20's and even teens talking about investing large sums in crypto. Please keep in mind that this is a high risk. + +That's not to say you shouldn't take some of your hard-earned money, do your research and get involved. This community is amazing, dynamic and there's a ton of potential to make great returns. However, high-risk investments should never be your whole portfolio. It should be the smallest part. + +Make sure that you're setting aside money in a Roth IRA, contributing to your 401k, Vanguard funds, etc. The boring stuff. The stuff that grows slowly over a lifetime. Don't just diversify your coins, diversify your whole portfolio. It's something I certainly wish I'd tackled at a much younger age. Believe me, you'll thank me later. +***Edit: I'm adding to my position from 3:55-3:59 because I LIKE THE STOCK.*** + +🚀🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀🚀 + +Houston, I think we have a problem. + +The closing price dictates opex. If they're manipulating the market, they could drop the price low enough to make tons of options expire worthless. + +Volumes are stupidly low right now, people are still restricted from buying, and market makers have a ton of freedom... Hopefully not for long. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +**NO INVESTMENT ADVICE** + +This post is for informational purposes only and my personal curiosity, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in my post constitutes a solicitation, recommendation, endorsement, or offer by me or any third party service provider to buy or sell any securities or other financial instruments. + +Nothing in this post constitutes professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information in this post before making any decisions based on such information or other Content. + +**INVESTMENT RISKS** + +There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss.  Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.  A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance. + +Godspeed. +Presenting this without much comment in the main post, you can find my personal opinion as a comment below. + +TL;DR - The rule changes that went into place in August are having a measurable impact on activity on /r/financialindependence. Top level post activity is down 25%, average comment levels are down about by about 33%. + +Is this good, bad, necessary or otherwise? Discuss + +**** + +**Rule Changes** + +The rules for the sub were formally changed on 7/29 per [this post](https://www.reddit.com/r/financialindependence/comments/cjc01s/time_to_revise_the_rules_lets_talk/?sort=top) from departed mod /u/ER10years_throwaway. + +**Code for Data Collection** + +If you are interested in a simple script to scrape Reddit data, [mine can be found here](https://pastebin.com/BLY1jJ65). I personally prefer just hitting pushshift.io vs. using PRAW. + + +This is what the data looks like if you are curious. Results are limited 1000 per call: +https://api.pushshift.io/reddit/search/submission/?subreddit=financialindependence&&limit=1000&after=1546300800 + +**Charts** + +I know this sub loves a good spreadsheet. Here are the three charts I think are relevant: + +https://imgur.com/a/8rjXoCg + +1. Post and Comment Counts vs. Post Removed % +2. Sub Comments vs. Daily Thread Comment % Share +3. Weekly Average Comments vs. Subscriber Count + +**Observations** + +* Overall Post activity is depressed after the rule changes, compared to the rest of 2019 +* About ~25% of posts are being removed by users or moderators post rule changes (bold orange line on Chart 1) +* Overall Comment activity is falling, *but* comments per post is stable at ~50. If a top level post survives its first hour, engagement seems to be fairly stable +* Daily Threads represent an increasing SHARE of Comment %, but overall comment volume is clearly trending down. DTs are not any busier than before the rule change +* Subscribers continue a steady march towards 700k, while overall comment activity is falling. + + +**Summary** + +The data is pretty clear that the 7/29 rule change post is suppressing overall comment and post activity on the sub. However, it is very subjective if this is a good or bad thing. Some folks complain about the sub being "quiet", while others are rejoicing to be saved from endless low effort posts on the front page. Daily Threads seem as healthy as ever. + +The most charitable interpretation - the new rules & mods are saving us all from the worst-of-the-worst low effort content. + +The least charitable interpretation - the mods are evil, power tripping, and preventing me from arguing about whether or not to include the value of my 1st Edition Gen 1 Pokemon holographic card collection in my net worth. + +If you want to see some of the garbage that is getting groomed by the mod team, click this link and control-f search for "[removed]" and read the title attributes... its not pretty. This is the first 1000 posts starting from 10/3/19 as a recent sample: + +https://api.pushshift.io/reddit/search/submission/?subreddit=financialindependence&&limit=1000&after=1570087676 +Without MOASS (happening yet) this has become about market reform for me. + +GameStop the company is doing great, turn around is in mid motion and it's going well. I'm a customer of their legacy business, a user of their newer products, and will be a customer of their future products. + +GME the stock is doing great because the customers of the company are locking the float so they can own the stock, which has given GameStop the company cover for said turn around. + +My only problem is abusive shorting and other manipulations of the stock that amount to fraud. + +Dave Lauer, Dr. Trimbath, Jon Stewart and more have been animated by the market reform movement from Superstonk, the correlation is direct. And I don't think they are rooting for us to get rich, they are rooting for fair and equal financial markets. + +Citadel is on the other end of these proposed SEC rule changes, they have told you they have spent billions on infrastructure meant to defraud retail investors and enrich themselves. Remember: hedge fund, market maker, with control over exchanges, and they use it to create fake liquidity. + +I made my comments today, and saved what I wrote so if I have to I can easily resubmit. + +Market reform is my way...also, buy, hold, DRS, Book. + +Edit: first sentence needed some clarification +Considering purchasing a boat vs. a service like this and wondering if others have input either way. Interested in the overall experience others have had, how much they cost (not clear from their website) and whether others felt like the value is there for what you pay. We're probably looking at boating 25-35 days per year, for reference. +I decided to hang up my boots in 12 months time. The money-side is all sorted, and a year will give me enough time to wrap up some work commitments and leave without letting anyone down. + +Now, here’s my question to those who FatFIREd or are seriously thinking about it: What should I be doing this year to prepare for RE? What did you do? What, with hindsight, did you wish you would have done? Not looking for money/ investment related thoughts, but rather for any other considerations. All ideas appreciated. +Sold a $10 wide credit spread on TSLA today for a $90 credit today ($990/$980 calls). This trade loses money if TSLA is over $976 by the Feb expiration cycle. TSLA would have a $919 billion market cap at this stock price. + +I know, I know, never bet against TSLA. In this case I think it's had an incredible run lately and adding another 33% to the stock price is very unlikely in the next 46 days. +Walmart delivery messed up and gave me extra goodies today that I didn't order but hey im not complaining and I will take it and save it for rainy day + +They gave me some good stuff. This is not everything but some of it + +They gave two boxes of frozen toast and bread sticks + +a bunch of boxes of chips. chex mix, pringles, doritos variety pack + +oreos + +boxes of oatmeal + +frozen bag of okra + +two bags of frozen shrimp + +two big boxes of poptarts + +a laundry detergent + +spinach & herb bread spread + +red diamond tea bags + +3 different boxes of little Debbie cookies + + +Its crazy they can mess up like this. Again im not complaining at all. And tried to reach back out to walmart actually. but they said I can keep the items. I just thought the workers would be more careful with messing up orders like this when everyones is dealing with inflation. + +Anyone else have similar experience ? +So Flashstake is going nuts no? Very small market cap (<10 000 000) And their use is pretty cool. Put flash up for stake so I don't sell it with my paper hands, and get some other token up front in return for it with a % APY? I honestly didnt use its Stake system. (Proof-of-time they call it, because of the time value they deem appropriate based off the amount of time/size of contribution you loan it to them for.) Because the gas fees were too high, but maybe if they fix that little problem it will be much more accessible and attractive. Also if they listed on somewhere other than Uniswap, that'd be fantastic. Anyways, any thoughts or, more importantly criticisms on the coin? I'm strapped in at about 1500. We going to the moon or am I a fool? +Keeping this short and sweet, if you missed Safemoon this is one geared up to explode! + +**Whirl Finance is a multi-coin cryptocurrency wallet that securely stores your crypto assets in the most simple and easy way. Truly mobile-friendly, supporting major cryptocurrencies like Bitcoin, BNB, Ethereum, Ripple, and more.** + +&#x200B; + +* Whirl Finance Market Cap 6 mil / Safemoon is 90 mil - and this is project has an actual use case. +* Available on Probit Exchange / Pancakeswap +* Youtuber Crypto Pablo's video came out today, nice breakdown, more detailed than anything I can say on here: [https://www.youtube.com/watch?v=thAtK4cwNr0](https://www.youtube.com/watch?v=thAtK4cwNr0) +* 10 minutes ago it has been announced it will be listed on BitMart Exchange!!! [https://support.bmx.fund/hc/en-us/articles/1260803518290-BitMart-lists-Whirl-Finance-WHIRL-](https://support.bmx.fund/hc/en-us/articles/1260803518290-BitMart-lists-Whirl-Finance-WHIRL-) + +**Buy Now in Bakeryswap** + +[**https://www.bakeryswap.org/#/swap?inputCurrency=0x7f479d78380ad00341fdd7322fe8aef766e29e5a**](https://www.bakeryswap.org/#/swap?inputCurrency=0x7f479d78380ad00341fdd7322fe8aef766e29e5a) + +Info[**https://info.bakeryswap.org/#/token/0x7f479d78380ad00341fdd7322fe8aef766e29e5a**](https://info.bakeryswap.org/#/token/0x7f479d78380ad00341fdd7322fe8aef766e29e5a) + +**Buy Whirl in Pancakeswap**[**https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7f479d78380ad00341fdd7322fe8aef766e29e5a**](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7f479d78380ad00341fdd7322fe8aef766e29e5a) + +Set slippage to 3-5% + +**Probit**[**https://www.probit.com/app/exchange/WHIRL-USDT**](https://www.probit.com/app/exchange/WHIRL-USDT) + +**Price Chart**[**https://goswapp-bsc.web.app/0x7f479d78380ad00341fdd7322fe8aef766e29e5a**](https://goswapp-bsc.web.app/0x7f479d78380ad00341fdd7322fe8aef766e29e5a) + +**Price bot (see trades)**[u/BinanceRocketWHIRL](https://www.reddit.com/u/BinanceRocketWHIRL/) + +**Official telegram:** [**t.me/WhirlFinance**](http://t.me/WhirlFinance) + +**Smart contract** + +[**https://bscscan.com/token/0x7f479d78380ad00341fdd7322fe8aef766e29e5a**](https://bscscan.com/token/0x7f479d78380ad00341fdd7322fe8aef766e29e5a) + +**Website:** [**https://www.whirl-finance.com/**](https://www.whirl-finance.com/) + +**Twitter:** + +[**https://twitter.com/FinanceWhirl**](https://twitter.com/FinanceWhirl) + +**Whirl is listed in Coinmarket Cap (CMC) and Coingecko!** + +**CMC - show some love** + +[**https://coinmarketcap.com/currencies/whirl-finance/**](https://coinmarketcap.com/currencies/whirl-finance/) + +**Coingecko - give whirl stars** + +[**https://www.coingecko.com/en/coins/whirl-finance**](https://www.coingecko.com/en/coins/whirl-finance) + +**And Whirl is audited (see website.)** +Hi everyone, + +First, I love this Reddit sub. Not so crowded, good talks, THANKS! + +I am looking to diversify on more risky assets. + +What are your thoughts on AGI and OPCT and if you have some objective elements to demonstrate they are solid/not solid (team, techno, etc), I am interested ! + +Thanks :) + 🔥CampFire Finance $CampFire🔥 + +Introduction: This was designed to be an anti-rugpull token, anti-whale token. For the pre-sale, there is NO tax on purchases, and a depreciating tax on selling. Pre-sale period of 7 days ends in 3 days, at which time the tokenomics will be reassessed. + +Disclaimer: I am not involved in the project. I hold 24,000,000 tokens. Holding since Day 1, bought more on Day 2. Dip due to the Binance chain transaction issues makes this a great buy. + +$CampFire is designed to incinerate paper handed dumpers and scorch whales, which has boosted the health of the LP. It employs a max Txn system of 100,000,000 tokens to prevent dumps. It also limit the number of tokens per wallet to 300,000,000 to ensure no belugas accumulate enough to snuff our fire out and send us to the depths of the ocean. + +$Campfire employed a new tokenomic system that chars paper handed pansies. READ THIS CAREFULLY. Huge burns are applied when selling early. A mere 1% is cast into the embers for buys, ensuring more members can join us. + +Tokenomics (currently on Day 4): + +Sell within 1 day after launch : 32% burn (24% Back to the Liquidity Pool, 8% Redistributed to Holders) + +Sell within 3 days after launch: 24% burn (18% Back to the Liquidity Pool, 6% Redistributed to Holders) + +**Sell within 7 days after launch: 16% burn (12% Back to the Liquidity Pool, 4% Redistributed to Holders) - WE ARE HERE** + +Standard burn : 8% burn (6% Back to the Liquidity Pool, 2% Redistributed to Holders) + +We have a great community and the team is active and chat DAILY via voice and text within telegram. Campfire is running poocoin ads, a waterfall bot and advertised the token there. Market Cap skyrocketed to 3.2M within first 48 hours. We are now at 548k mcap but with a VERY healthy LP (you do NOt see this kind of health in the LP - LP is almost 20% of total mcap! We are at a bottom and it is about to BLOW! + +⚡️Total Supply — 15,000,000,000 + +⚡️Team/marketing — 600,000,000 + +⚡️Liq — 14.400,000,000 + +Anti-Whale mechanism: + +Max TX — 100,000,000 Max per wallet — 300,000,000 + +Links: + +OFFICIAL REDDIT (launched TODAY): [https://www.reddit.com/r/CampfireFinance/](https://www.reddit.com/r/CampfireFinance/) + +🌎Website [http://www.campfirefinance.club/](http://www.campfirefinance.club/) (new website coming soon!) + +✅ Verified contract [https://bscscan.com/address/0x3a408C5Bec5ADD9035867310D5573bef984d7cc9](https://bscscan.com/address/0x3a408C5Bec5ADD9035867310D5573bef984d7cc9) + +🥞 Pancakeswap [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x3a408C5Bec5ADD9035867310D5573bef984d7cc9](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x3a408C5Bec5ADD9035867310D5573bef984d7cc9) + +📣TG [http://t.me/campfirefinance](http://t.me/campfirefinance) + +$CampFire has a lot of great people and are quickly growing. If you have any questions or want any more details, drop by and ask. We are active in VC! + +Disclaimer: before buying I strongly recommend doing you own research and risking what you are willing to lose. I personally am DOWN...and I'm doubling my investment at these bottoms because I only see potential. +[https://gains.farm/trading](https://gains.farm/trading) + +This new exchange looks incredible. Currently sitting at $3m mcap (ATH on v1 was $10m) this is everything I can think of that's here or coming with $GFARM2. Apologies if I missed anything. + +1. Chainlink integration +2. 2nd Certik Audit/3rd overall audit almost done +3. Addition of BTC and LINK pairs (with more to come) including stocks & forex +4. Increased max position size +5. BSC +6. L2 Solution +7. High quality 3D NFT art for the 25-150x Leverage trading & Liquidation mining NFTs +8. Stake $GFARM2 to earn ETH (NFT exchange fees). +9. Stake $GFARM2+$ETH in the liquidity pool, to earn $GFARM2 and earn the NFTS to liquidate the trades. 859 % APY. +10. New staking pool coming for exchange trading fee revenue share. +11. Sell or buy NFTS on the platform's NFT exchange. +12. Honest developer that works full time on this and listens to feedback in the Telegram channel. + +There is just too much I can say about this phoenix that has risen despite its v1 roadbump. Look at the chart, look at the mediums, or better yet... chat with the dev. + +It's up 10x the last 3 weeks but its still way down from its ATH. Probably a parabolic move coming in. + +Contract Address: 0x831091da075665168e01898c6dac004a867f1e1b +Any broker telling you 4-6 weeks is likely delaying transfer of YOUR SHARES for a reason that benefits them, not you. CS only takes 2-3 days to transfer so these long waits are on the broker side. Some apes are now saying that after 2 weeks of waiting their transfers have been cancelled. Don’t let this happen to you! Make a fuss. Demand that your transfer be expedited. Tell them other brokerages like fidelity only take 2-3 days. + +Don’t let them do this to you and your investment. It’s deceitful and it’s harming apes! + +🚀🍆🦔 +That's about $42 per paycheck that is being taken out of my paycheck that doesn't need to be taken out. I am single, no dependents so I'm not sure if checked the right boxes when filling out the tax documents with my employer? +This person has done nothing illegal or immoral unlike his persecutors who wish to silence him at any cost. Is this America? Do we not have guaranteed freedoms by the US Constitution including the First Amendment- Freedom of Speech! The social media platforms used by this individual have not banned this person for rules violations, as there have been none, yet the wealthy elite in the US have decided that they don’t like cats or a stock and therefore this talk must be silenced. Rest assured though, you can’t hide from the internet. We see you, the world sees you. #FreeDFV +Hello AusFinance, + +I’ve come to a crossroads and I’m conflicted of what path I should take. + +I always thought it was best to pay off the mortgage ASAP and be rid of it, but after browsing around it seems like that’s not the best thing to do financially. + +My partners and I combined take home is 194k. My initial plan was to use 90% of my wife’s income on the mortgage, the 10% for bills and we would use my income for day to day expenses. Doing this would let us pay off the remainder of the mortgage in 6.4years. + +But now I’m unsure and I’m thinking it would be wiser to work on saving to 100k and start investing more. + +The only other debt we have is 2 cars with not much owing left on either of them. + +Any advice is greatly appreciated! +Hi everyone, + +I turned 22 recently live in Melbourne and started my first full time job a few weeks ago as an engineer, making 67.5k before tax. That should increase over the next few years but I'll use that for my calculations for the time being. I have been planning out my finances and my future goals and have decided I want to move out and buy my first property within the next 3 years if possible. I have set up an Excel spreadsheet with my budget and have determined I can save between 25-30k a year on my current salary. Using this as a baseline I can save 75-90k over 3 years to put towards a house. This is a decent deposit, however as everyone knows the property prices in Melbourne are insane. I currently live with my parents in the inner north (pay them $650 a month for rent and board), my job is in the south east so I want to live closer to there to reduce the commute, although it isn't cheap. I think that's enough rambling so here are my questions: + +-What would be the best use/split of my savings while I am building up the deposit? Eg. Savings account, ETFs, First Home Buyer superannuation scheme? + +-A unit is cheaper than a full blown house, should I go with one or would a proper house be a better investment? + +-Is my goal realistic/achievable in the current property market? Would I be better off renting and saving up slowly to buy later? + +-Will the coronavirus kill off a bunch of old people and drop the prices in the property market kappa? + +I appreciate any suggestions (not "advice" hehe) +Hi everyone, + +I turned 22 recently live in Melbourne and started my first full time job a few weeks ago as an engineer, making 67.5k before tax. That should increase over the next few years but I'll use that for my calculations for the time being. I have been planning out my finances and my future goals and have decided I want to move out and buy my first property within the next 3 years if possible. I have set up an Excel spreadsheet with my budget and have determined I can save between 25-30k a year on my current salary. Using this as a baseline I can save 75-90k over 3 years to put towards a house. This is a decent deposit, however as everyone knows the property prices in Melbourne are insane. I currently live with my parents in the inner north (pay them $650 a month for rent and board), my job is in the south east so I want to live closer to there to reduce the commute, although it isn't cheap. I think that's enough rambling so here are my questions: + +-What would be the best use/split of my savings while I am building up the deposit? Eg. Savings account, ETFs, First Home Buyer superannuation scheme? + +-A unit is cheaper than a full blown house, should I go with one or would a proper house be a better investment? + +-Is my goal realistic/achievable in the current property market? Would I be better off renting and saving up slowly to buy later? + +-Will the coronavirus kill off a bunch of old people and drop the prices in the property market kappa? + +I appreciate any suggestions (not "advice" hehe) +# Weekly Property Mega Thread + +\-=-=-=-=- + +Welcome to the [/r/AusFinance](https://www.reddit.com/r/AusFinance) weekly Property Mega Thread. + +This post will be republished at 02:00AEST every Friday morning. + +Click here to see all previous weekly threads: +[https://www.reddit.com/r/AusFinance/search/?q=%22weekly%20property%20mega%20thread%22&restrict\_sr=1&sort=new](https://www.reddit.com/r/AusFinance/search/?q=%22weekly%20property%20mega%20thread%22&restrict_sr=1&sort=new) + +# What happens here? + +Please use this thread for general property-related discussions, such as: + +* First Homeowner concerns +* Getting started +* Will house pricing keep going up? +* Thought about \[this property\]? +* That half burned-down inner city unit that sold for $2.4m. Don't forget your shocked Pikachu face. + +The goal is to have a safe space for some of the most common posts, while supporting more original and interesting content in their own posts.Single posts about property may be removed and directed to this thread. + +\-=-=-=-=- +Don't you love those: "due to market conditions we \*have\* to raise rent again..." letters the landlords send you? + +Well markets also go down, don't they. And "due to market conditions: low demand, low income, low everything... we need to lower rents." "To reflect the market". + +I'm drafting a letter to the realestate agents now... only question is: by how much % to reduce to? +Are you renegotiating and to what rate? (The more people that renegotiate the more we effect the market. Spread the word.) + +[https://www.dailymail.co.uk/news/article-8220173/Australian-suburbs-offering-FREE-rent-landlords-hit-coronavirus-downturn.html](https://www.dailymail.co.uk/news/article-8220173/Australian-suburbs-offering-FREE-rent-landlords-hit-coronavirus-downturn.html) +Took the plunge and went to my first auction today - mainly out of neighbourhood curiousity. No bids other than a vendor's bid at $2.5m, which I found quite interesting because a "complete gut job" around the corner went for $2.35m two weeks ago (there was little that needed to be [or could be] done to this place). + +So /r/AusFinance, what do you think: Are buyers looking for "fixer-uppers"? Is it worth leaving something to do in order to attract buyers that might be thinking they're getting a bargain? + +Let’s out some numbers in perspective. + +125k investors have DRS so far. + +125k investors are huge retail power. + +If every single ape buys a share a week, directly registered apes will lock a MILLION SHARES every 8 weeks (2 months). + +The power is in on apes hands and within the grasp. + +This is the time to slowly build up the position for generational wealth. Totally possible. + +Don’t wait for others to do the work, every single share locked is one less share available for SHF (short hedge funds and brokers) to borrow and use to make money for themselves. + +This is true ownership, be proud, apes have accomplished what no one else has before. + +But this is not game over, this is when apes show resilience, when apes stand up and fight this boss with every mechanics apes learn until apes beat this final boss. + +I’ll try to buy as many as I can possibly can in case other apes can’t buy every week. + +Don’t trust brokers, read the terms and conditions and how shady they are. Thats why is so important to claim true ownership. + +Let’s go! + + 🍉 Melon is out +It's down a huge amount since its under-performing earnings report. Do you think this is going to bounce back, or do you think that it's always been overvalued, and now the figures are out it'll settle to something more appropriate? + +EDIT: Sounds like there's quite a consensus here, thanks for your contributions everyone! + +One opinion of mine (not from an investing perspective) on the many comments about Apple is that, despite having a MacBook, I haven't really 'bought' into the whole Apple ecosystem. I much prefer Android, Spotify etc. from a user's perspective. Spotify seems widely available to everyone; would non-Apple users convert to Apple for music streaming? +“Don’t fight the Fed.” That mantra is repeated as fact amongst almost every market participant across the globe (other than Davey Day Trader, who doesn’t know what a central bank is). Based off of that logic, one could reasonably assume that the Fed and Jerome Powell are the reasons for this recent market rally. All of WSB is bullish, and you can’t go more than four posts on WSB without seeing some exhausted money printer meme or a pro-Powell love fest. After a week of reading economic research papers nonstop, I think I have stumbled into something that the market and the Fed won’t see until it is too late to stop. + +Full disclosure: I am not an expert and this post should not be construed as anything other than my opinions and theories. This will be an extremely long and conceptual post (with a lot of references to research papers) that focuses more on economics than any financial analysis. It is not hard to understand, but be prepared to read. + +**Fed Reaction to Coronavirus** + +The Fed’s reaction to coronavirus was extremely quick. After seeing what worked to stop the financial crisis in 2008, the Fed used the same playbook. Lower rates to near zero, buy treasuries (quantitative easing), buy mortgage backed securities, cut the reserve ratio to 0%. That playbook didn’t work though, the market kept selling off though. The Fed then did something unprecedented, they started buying corporate bond ETFs. They only bought high grade corporate bonds at first, but quickly realized that they had to buy junk bonds in order to keep the corporate bond market stabilized. Recently, the Fed [quietly announced](https://www.reuters.com/article/us-usa-fed-mainstreet/fed-eases-terms-of-main-street-loans-tells-banks-to-start-disbursing-idUSKBN23F2N8) a ramp up of their Main Street lending program, along with guaranteeing 95% of the loans instead of a range of 85-95%. This implies, to me, that banks don’t want to give out loans unless the Fed backstops them more. That will become important later in this post. + +The Fed has also been buying commercial mortgage backed securities. These CMBSs are facing [extremely high levels of delinquency](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/cmbs-delinquencies-climb-in-may-with-hotels-and-retail-faring-worst-58714661). According to that article, 7.6% of all CMBS loans are delinquent as of May, along with 19.3% of hotel loans and 10% of retail loans. A [whistleblower report](https://www.propublica.org/article/whistleblower-wall-street-has-engaged-in-widespread-manipulation-of-mortgage-funds) indicates that the loans in these securities did not go through much scrutiny and could be massively overpriced as well. These assets are so toxic that the Fed [won’t even take that many of them](https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/agency-commercial-mortgage-backed-securities/agency-commercial-mortgage-backed-securities-operations). In fact, the Fed has quietly [reduced their asset purchases](https://i.imgur.com/zlMFwbr.jpg) since the last week of March. This is just background information so I can explain what the Fed has been doing to the market so people can stop attributing the rally to Jerome Powell. + +**Reasons For the Rally** + +Now that I have explained what the Fed has been doing, I want to explain the reasons for this rally. This rally is driven by retail. How? Delta hedging. Some of you know about delta hedging, but for those who don’t I will explain a quick summary. A retail investors buys a call from a market maker. That market maker, being more risk averse than we are accustomed to, doesn’t like to sell naked options so the market maker will buy enough shares to become delta neutral. That means that as the call they sold goes up in price, they have shares that will cover most or all of their losses. Options are highly leveraged instruments, which is important because it gives retail the leverage that they need to get market makers to pump the market for them. + +The important thing is that the analysts and value investors that are crediting the Fed for this rally don’t understand the options market as well as degenerates like us do. Retail has been [piling in](https://i.imgur.com/xuzFRSw.jpg) to the stock market at an astounding rate, especially into everyone’s favorite [broker](https://i.imgur.com/mNve5Mu.jpg). This data is as of the beginning of May and I suspect it’s a hell of a lot higher. + +Bloomberg published some more up to date data recently regarding small option traders buying calls. Take a look at [the graph](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ixvGtK3QI_Aw/v0/1400x-1.png) for yourself, it has gone parabolic. The [Bloomberg article](https://www.bloomberg.com/news/articles/2020-06-09/speculative-fervor-in-u-s-stocks-surges-to-stunning-levels) states, “Traders established fresh bullish positions last week by buying 35.6 million new call options on equities, according to Sundial founder Jason Goepfert. That’s up from a peak of 28.7 million in February, when speculative activity was rampant, he wrote in a note Monday.” The volume from small options traders is estimated to be 50% in that same article, the highest since 2000. Google Trends for [“how to trade options”](https://i.imgur.com/6nf8LTw.png) and [“robinhood trade options”](https://i.imgur.com/4NJwVfh.png) have gone parabolic recently as well. The put/call ratio across all equities is also at [historic lows](https://c.stockcharts.com/c-sc/sc?s=%24CPCE&p=D&b=5&g=1&i=p77530317141), indicating a mass wave of euphoria and a lack of hedges. + +After seeing all of this, it is clear to me that this is a retail driven bubble and not driven by the Fed after April. Where is retail getting the money for this? The answer lies in the [savings rate](https://fred.stlouisfed.org/series/PSAVERT). According to the Fed, the savings rate “is calculated as the ratio of personal saving to DPI. Personal saving is equal to personal income less personal outlays and personal taxes; it may generally be viewed as the portion of personal income that is used either to provide funds to capital markets or to invest in real assets such as residences.” As you can see in the graph, the savings rate is now significantly higher than it has ever been before, coming in at 33%. This means that consumers are not spending money, they are saving or investing it. Consumers are also paying down [credit card debt](https://fred.stlouisfed.org/series/TOTALSL) at much higher rates than anticipated. In the month of April, consumer credit had the [largest decrease since tracking began in 1968](https://eyeonhousing.org/2020/06/april-consumer-credit-indicates-recovery-challenges/). Remember the data in this paragraph, I’m going to refer to it later in regards to deflation. + +**Effects of Quantitative Easing** + +Before talking more about the bubble, I am going to outline some data that shows the impact of QE on our economy since 2008 up until now. + +The main effect of low interest rates along with quantitative easing is an increase in the money supply. You can see that increase [here](https://fred.stlouisfed.org/series/M2). Typically throughout history, an expansion in the money supply has lead to an increase in the inflation rate. That [has not happened](https://fred.stlouisfed.org/series/FPCPITOTLZGUSA), the Fed has struggled to hit the target inflation rate since the crisis. With such an increase in the money supply, hyperinflation is stopped by the velocity at which the money moves. In 2006, Ben Bernanke noticed this phenomenon, [stating](https://www.nytimes.com/2006/11/10/business/worldbusiness/10iht-fed.3490493.html), “the empirical relationship between money growth and variables such as inflation and nominal output growth has continued to be unstable.” A recent [research paper](https://ideas.repec.org/a/eee/ecolet/v182y2019icp23-25.html) has also found a significant positive correlation between wealth inequality and monetary growth. + +Velocity of money is defined by the Fed as: “the frequency at which one unit of currency is used to purchase domestically- produced goods and services within a given time period. In other words, it is the number of times one dollar is spent to buy goods and services per unit of time. If the velocity of money is increasing, then more transactions are occurring between individuals in an economy.” This velocity has been trending downward in a big way since 2008 (and before), not just in the US but everywhere. Velocity of the M2 money supply in the US broke through the previous low (tracking started in 1960) by 2012. Velocity is now [significantly lower](https://fred.stlouisfed.org/series/M2V). M2 velocity includes bank reserves though, so let’s take a look at the [velocity of M1](https://fred.stlouisfed.org/series/M1V) (which is physical currency and checking account deposits). [Demand deposits](https://fred.stlouisfed.org/series/WDDNS) (checking account balances) have been exploding since 2008, with another massive jump starting in March. This means that cash is not being used and not adding to consumer prices or any economic productivity. I believe all of this to be an effect of QE and a prolonged period of low rates. + +**Liquidity Trap** + +There has been a safe asset shortage since the advent of QE, as central banks of developed economies accumulate safe government bonds and US treasuries. This has lead to a shortage of safe assets, driving prices up and yields down artificially. Ricardo Caballero, an MIT economist, said [this](https://pubs.aeaweb.org/doi/pdf/10.1257/jep.31.3.29) (warning: PDF) in 2017: “The ongoing pressures driving the imbalance in safe asset markets has in recent decades helped to drive the steady decline in interest rates on safe assets. However, interest rates on these assets cannot fall much further. When the equilibrium full-employment interest rate needs to be negative, but cannot adjust sufficiently downward, then (other things equal) the equilibrating mechanism is an endogenous decline in safe asset demand through a reduction in aggregate income and wealth. That is, equilibrium is achieved through recession.” At the end of 2019, the Fed owned [36% of all US treasuries](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/funding-covid-19-debt-splurge-risks-the-independence-of-major-central-banks-58610836), with that number only set to increase after their open market operations this year. of April 21st, central banks around the world have bought [5 times](https://markets.businessinsider.com/news/stocks/central-banks-buy-trillion-financial-assets-g7-march-federal-reserve-2020-4-1029113160) the value of treasuries as they did in 2008. + +This shortage of safe assets has pushed yields down and made it so that banks have no desire to make loans to decrease their reserves. Take a look at the [excess reserves](https://fred.stlouisfed.org/series/EXCSRESNS) banks have been holding. Since the 2008 crisis, excess reserves have exploded. This means that the bank is sitting on cash that they are doing nothing with. The common belief is that lending goes up as rates go down, since banks have to make more loans in order to sustain the same amount of profit. However, the data does not show that to be the case since the introduction of QE. The key thing that I have noticed in regards to excess returns and loans is that banks do not want to make loans at these low yields, possibly due to the massive unpriced systemic risk of our debt bubble popping. In Q1 2020, banks tightened their loan standards at a rate [comparable to 2008](https://www.barrons.com/articles/banks-are-tightening-lending-standards-like-it-was-2008-again-51588881348). + +A liquidity trap is created when low interest rates are low and consumers and institutions decide to save money instead of investing in low yielding bonds. The Fed started paying banks a [small risk free interest rate](https://fred.stlouisfed.org/series/IOER) in 2008, which moves along with the Fed funds rate. I theorize that the shortage of safe assets and low interest rates has gone past the “reversal rate” and accommodative monetary policy has become contractionary. In these uncertain times, banks would rather collect the small guaranteed risk free interest rate instead of introducing their balance sheets to any more risk, especially underpriced risk. The Fed believes that they are stimulating lending by cutting rates to 0. However, banks appear to not want to make non-guaranteed loans and instead are content to sit on their excess reserves. This means that the expansion of the monetary supply is not working as intended and that the money sitting in bank reserves is becoming contractionary. If loans aren’t being made and that money isn’t being spent, then that money may as well not exist in the money supply at all. According to a [Princeton economist](https://scholar.princeton.edu/sites/default/files/markus/files/25b_reversalrate.pdf) (PDF), quantitative easing raises this reversal interest rate and should only be done after rate cuts are exhausted. This means that the Fed could be unknowingly contracting the money supply, even though it appears that they are massively expanding it on paper. + +**Deflation** + +Deflation occurs when institutions and individuals don’t spend their money in the real economy, whether by purchasing goods/services or making loans to businesses. The Fed’s [deflation probability](https://fred.stlouisfed.org/series/STLPPMDEF), which is the possibility that personal consumption expenditures price index change will go below 0 in the next 12 months, spiked from .001 in January to .763 in May. The [probability](https://fred.stlouisfed.org/series/STLPPM) that we have inflation over 2.5% over the next 12 months has crashed down to .002 as of last month. As shown in the data above, consumers aren’t spending and banks are stockpiling their reserves. This is deflationary and will lead to lower prices, lower corporate earnings, and lower asset prices. + +As mentioned in the data further up in the post, consumer credit dropped at a much quicker rate than expected, even with projections taking coronavirus into account. Economists expected consumer credit to fall by [$14 billion](https://www.marketwatch.com/story/us-consumer-credit-plummets-in-april-as-credit-card-use-tumbles-by-record-amount-2020-06-05) in April, but it fell by $68.8 billion instead. This was the largest one month drop in consumer borrowing since 1943. The core consumer price index (CPI) also [missed expectations](https://www.cnbc.com/2020/06/10/us-consumer-price-index-may-2020.html) of a 0-0.1% jump, instead falling by 0.1% for last month. This came after April was the largest drop (-0.4%) on record since data started in 1957. + +According to [research from the Netherlands central bank](https://ideas.repec.org/a/eee/ecosys/v42y2018i1p45-63.html) (PDF), QE encourages risk taking by market participants and creates asset pricing bubbles. We are seeing bubbles across all asset classes thanks to the levels of debt in the economy (the stock market being an example). We even see debt bubbles too, like the $9 trillion of [corporate debt](https://www.cnbc.com/2018/11/21/theres-a-9-trillion-corporate-debt-bomb-bubbling-in-the-us-economy.html) (as of 2018) which help fuel these asset bubbles. The research from the Netherlands central bank also shows that asset bubbles popping are worth -4% inflation. An asset price bubble does not signal inflation either. I have picked out some quotes from the researcher that show QE might be leading to deflation: + +>Overall, the results suggest that the signaling value of asset prices for inflation is weak and unstable, implying that while QE is effective in boosting asset prices – one of the main transmission channels of QE − higher asset prices may not always lead to higher inflation. High asset prices may even precede a low inflation regime. For policymakers this is useful information because, based on the outcome of our models, one cannot presume that QE by definition leads to higher inflation. + +>If […] a surge in asset prices is not supported by real economic developments and therefore becomes unsustainable at some stage, the subsequent asset price collapse may cause a recession. +>While central banks intend to raise inflation by purchasing government bonds to reduce bond yields, our results indicate that this policy can have the opposite effect on inflation. + +**Conclusion: The Fake V-Shaped Recovery** + +I conclude after doing this research, that there is no chance of a V-shaped recovery in the economy, despite what the market is signaling. I believe that we are about to enter into a massive deflation cycle that is being assisted inadvertently by the Fed’s policy of QE and the near 0% interest rates. Consumer credit is contracting and banks are stashing extra reserves, meaning that the real money supply is contracting. Default risk on commercial mortgage backed securities, corporate bonds (thanks to lower earnings), and other forms of debt will continue to rise as the economic effects of coronavirus and monetary policy undertaken by the Fed continue to be revealed. Defaults will rise even more if we get prolonged and sustained deflation as the weight of our debt crushes our financial system. I believe that, due to the historically high levels of retail activity in the market, it will crash soon as well. The wealth inequality effect of QE (which Powell denies the existence of) will make it increasingly harder for the economy to recover. + +All of these things will feed off of each other as we get further into a deflationary cycle. It will be very difficult, if not impossible, for the Fed to get out of this crisis when we get into it. Deflation is rare historically and makes monetary policy ineffective, it is a central bank’s worst nightmare. Deflation will dry up economic activity and cause us to go into a depression which will be difficult to get out of. + +**tl;dr**: Powell thinks he is injecting money into the economy but it really isn’t going anywhere, the stock market is in a bubble that will pop very soon, corporate bond and CMBS default rates will increase over the coming year, deflation will make debt a heavier burden and cash more valuable, the Fed is powerless to stop it. Our economy enters a deflationary cycle that will be hard to get out of, until the bank reserves find their way into the real economy. + +I’ve spent a very long time researching this stuff but I am not an expert in economics or monetary policy, just another idiot on WSB. I look forward to seeing any discussion or disagreement with the ideas that I have discussed. +$GOOGL EARNINGS THREAD: Alphabet, Inc. $GOOGL Q1 Earnings Per Share (EPS), $13.33 vs. $9.35 expected + +EDIT: I get it the EPS is "wrong". They had to disclose uber position so its higher. +I’ve been trying to do some research online and now I’m here and have been dreading asking this. My boyfriend and I are getting extremely serious talking about engagement and the future. When we first started dating he was very honest about filing for bankruptcy after getting a large sum of money at a young age and not being smart about it. The bankruptcy will be 2 more years approximately. I have a few questions: + +How would this affect me, who has good credit and a good amount of savings? + +Should I buy a house (by myself) before we get married? (I already own a small home but we want/need an upgrade). If we do that jointly would his credit/bankruptcy hurt us? + +What would joint filing taxes be like? + +He’s a union construction worker and within the next 14 months (becoming a journeyman) he’ll easily be able to make 6 figures with overtime. I’m a teacher. We’re both in our late 20s. + +Our relationship is amazing, very loving and fun, but how that will affect how hard I’ve worked to be a financially independent, female on a teachers salary scares me. + +Advice? Words of wisdom? Thanks! +This is one of Peter Thiel’s favourites interview question from his book, Zero to One, and I believe it’s a great exercise for investors here. + +You can add some context if you want. I’ll start. + +>A great company is not a great investment **if you paid too much for its stock.** You’re just paying for its popularity contest, **not the value of the business represents.** + +Every time I say that certain hyped stock is overvalued and they’re overpaying for growth, they automatically downvote because they don’t want to hear the truth. + +And when the company keeps losing money and its reinvesting in capital, equity, and asset can’t catch up easily from the hyped price, they always use Amazon to justify it. It’s like every stock that loses money nowadays is Amazon. + +Would love to hear your important truth that most people disgaree with. +Bought one Apple LEAPS 18 March 2022 $140c @ 21.85 when Apple was still trading around 154. Next day the court decision comes out and of course Apple crashes. At one point earlier this week it was down 50%, but Apple has been rebounding the past 2 days. Should I cut my losses and run or do you think I should keep holding? +Couldn't post this on r/GME cuz it kept on getting auto removed: + +# Compilation of sell limits from brokers: + +\*PM me if you have more info on your particular broker you'd like to share with err one.\* + +**1. Revolut:** + +"Any Revolut users last time i asked revolut suport said that 10k limit per share for limit sell orders will not increase with the shere price any advice to felow ape on what to do? And no i cant transfer my shares out of revolut they literaly dont offer such service. Thanks for your answers." - u/[HiStoryin\_The\_Making](https://www.reddit.com/user/HiStoryin_The_Making)What's a good exit strategy for Revolut? Maximum per trade is $10,000 🙃 -u/[xRazorleaf](https://www.reddit.com/user/xRazorleaf) + +Entire Post on Selling with Revolut +https://www.reddit.com/r/GME/comments/m92qr4/revoluts_rules_for_exiting_trades_adjust_your/ + -u/[JustBeingPunny](https://www.reddit.com/user/JustBeingPunny) + +Hi! I use revolut and was able to set a 1mil sales limit. I contacted support and they said for sell there shouldn't be a limit. It seems the limit is for purchasing +The only drawback seems to be that it expires daily -u/Ampedrosa + +Hello fellow ape, I saw your post on the exit strategy and I really fucking love you. I'm a UK based ape on Revolut, I had a whole convo with them yesterday about how they will act during the squeeze. I pressed on more details about "high risk" situations in which they would liquidate us early, but basically they told me even Revolut doesn't know what "high risk" means for the broker Drivewealth... One more important thing they told me, that you might want to add to the post, is about the limit on selling, I asked them if we can go above 10k: "If you sell exactly the amount of shares you own, the trade will go through even if the number of shares/total amount in USD is higher or lower than the limit. You can do that through tapping on the "Max" button (which is above the keyboard) when submitting the order. Your Order might not be accepted if it gives rise to too much risk for the Third Party Broker or if trading is no longer available or is suspended in the Instrument your Order relates to." Can't send screenshots in here but as soon as I figure it out, I can send you the conversation. Thank you for your awesome work !! [user name censored on /rGME] + +https://www.reddit.com/r/GME/comments/m8nk84/important_all_apes_need_to_read_this_to_prepare/ Hello! Im a Revolut user and i contacted them, as we know we can't sell above 10.000 $ per share BUT they told me this: NOTE: Only if you sell as "market order". "As we have checked here, if you sell exactly the amount of shares you own, the trade will go through even if the number if shares/total amount in USD is higher or lower than the limit. You can do this through tapping in the 'Max' button (which is above the keyboard) when submiting the order" -u/xZetroX + +Hey ! I saw your great post about limit sell for each broker. Really good job ! I did some research on Revolut and some fellow apes gave a solution to do limit sell at any price point. (1M+ validated, i can do screenshot) You just have to have a round number of share and put a limit sell for all your share at once. On the other hand, we weren't able to verify if we can do this with more than 500 shares (we don't have that much unfortunately) -u/caribouteille + +**2. Wealthsimple** + +Wealthsimple currently restricts max transaction to 1 Million - u/[Kennywise91](https://www.reddit.com/user/Kennywise91)you can login to wealthsimple.com and set orders over 1 mill CAD. the limit sell option still wont let u set a price of 1 mill if the current price is too low but you can set a price over 1 mill CAD, unlike on the app. so when it moons, have a get the fuck home strategy if u work. -u/[xthemoonx](https://www.reddit.com/user/xthemoonx) + +I’m with wealthsimple and currently the limit sell doesn’t surpass $999,999 USD but only up to $800,000 is supported since apparently orders cannot be above 1 million CAD. Others told me that market sells should be fine but now I’m a little worried about that. I do no intend on selling on the way up at all however I’m worried about missing out on some sweet tendies. What about market sells are so bad? What could potential happen to them? Also it appears that transferring over to quest trade now would be dangerous as I might miss the squeeze. If anyone can give me some input on this I’d really appreciate it. I’m sure a lot of Canadian apes are on wealthsimple so I hope we don’t all get fucked -u/[KieranSullivan5](https://www.reddit.com/user/KieranSullivan5) + +🇨🇦 For Canadian apes 🇨🇦 + +I emailed WealthSimple and they confirmed the platform will adjust if such an occurrence happens. + +Edit for easier viewing: + +Here is the screencap of said email: [https://imgur.com/a/et7KmKX](https://imgur.com/a/et7KmKX) + +Here is a screencap of an attempt to set a limit sell of $999,999 USD: [https://imgur.com/a/VpunlDf](https://imgur.com/a/VpunlDf) + +Do not worry about the 2nd image, WealthSimple confirmed they will not restrict sell price if it's worth a metric ton of bananas. + +Edit 2: it has been brought to my attention that the $1mil cap is for the app only and will not be present on PC (and possibly a browser on mobile). I have not tested this yet but here's the response: [https://www.reddit.com/r/GME/comments/m8nk84/important\_all\_apes\_need\_to\_read\_this\_to\_prepare/grj6h5e?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/GME/comments/m8nk84/important_all_apes_need_to_read_this_to_prepare/grj6h5e?utm_medium=android_app&utm_source=share&context=3) + +Thank you [u/pinwheelcandy](https://www.reddit.com/u/pinwheelcandy/) ! + +Edit 3: Confirmed that there is no cap on any browser (PC or mobile). + +Photo of my PC: [https://i.imgur.com/vIeQq4k.jpg](https://i.imgur.com/vIeQq4k.jpg) Screencap of Chrome for Android: [https://i.imgur.com/3ngKx1G.jpg](https://i.imgur.com/3ngKx1G.jpg) + +\-u/[boxxle](https://www.reddit.com/user/boxxle/) + +**3. Ally** + +Ally has a limit of $1M. I guess that means one sell order per share then. - u/[blueskin](https://www.reddit.com/user/blueskin) + +**4. Fidelity** + +fidelity will not restrict selling prices as long as the exchange doesnt i called and they only follow in the exchanges path - u/[Top10Tops](https://www.reddit.com/user/Top10Tops) + +To Fidelity folks, Just spoke to customer service and they said there's no sell limit as to how high a stock goes. + +Here's the convo, note\* I haven't mentioned amc or gme and this was his response. + +**John**: How can I help you today? + +**Me**: Hi John, I was wondering if there's a sell limit for Fidelity? + +**Me**: For example, if a stock climbs to astronomical numbers is there a limit to how much I'd be able to sell it for? + +**John**: Great question! + +**John**: No, there is no upper limit to what you can sell a stock for**John**: If you bought a stock for $1 and the value went to $1 million, you could sell for the profit + +\-u/[Snowbell-](https://www.reddit.com/user/Snowbell-) + +AFAIK Fidelity won’t let you set a limit sell order for 50% or more above the current price. Assuming that’s the only rule then it just means you’ll need to watch the price for when it’s approaching 700k to put a limit sell order at 1 milly -u/[meekdor](https://www.reddit.com/user/meekdor/) + +**5. E\*Trade** + +I called E\*Trade to ask if there’s a limit on my account. THEY SAID NO! 3,000,000 is the floor apes!! - u/[AWet1017](https://www.reddit.com/user/AWet1017) + +I'll ask this here since my topic didn't get much traction: + +Anyone using E-Trade? I have a question. I sent them a message asking to ensure they wouldn't freeze up my account should a short squeeze occur that would keep me from buying or selling, similar to Robin Hood (I heard E-Trade was involved in some of those shenanigans too). Anyway, they just gave me a generic bot response and didn't answer my question, surprise, surprise. + +I'm on a cash-only account, but what would keep them from not allowing me to sell my shares during the MOASS? Thanks for any help you apes can give. -u/[Mega\_Buster\_](https://www.reddit.com/user/Mega_Buster_) + +I called e-trade this morning and they confirmed that there aren't limits to transactions. They said if I make a sell limit order of 30 shares and I have a buyer of & 1mil/share and it's during market hours that they won't limit that transaction -u/Dr_Scuba_Steve + +**6. Freetrade** + +Okay, I am extremely smooth brained and I don’t think I’m understanding this right. Can someone eli5:I use Freetrade (UK ape) and asked if I can sell single shares worth $1M+.Their response: you need to ensure US trades are within £25k limit. You need to break down your order into multiple orders within the limit.Are they saying I have to break down 1 milly into 30 separate orders? Or have I just eaten too many crayons to function 😂🖍🖍🖍 - u/ [0To100RealFckngQuick](https://www.reddit.com/user/0To100RealFckngQuick) + +FYI UK apes, freetrade has a limit of £25k per sale, i have contacted their support and their response was that since none of the stocks they list are anywhere near that limit they see no reason to increase it. that means we are gonna be doing a shed load of transactions come the squeeze - u/ [\-remlap](https://www.reddit.com/user/-remlap) + +**7. SoFi** + +For those using SoFi, I just called them and asked about transaction limits, there is no limit as to how high a share can go when trying to sell it. It can go to over a million a share and you should have no problem selling it. -u/[Nk\_Raven](https://www.reddit.com/user/Nk_Raven) + +**8. Hargreaves Lansdown** + +UK Ape. Hargreaves Lansdown doesn't allow Limit Sells on $GME. -u/[misterpeers](https://www.reddit.com/user/misterpeers) + +Great post OP, thank you. UK Ape here. Anybody else use Hargreaves Lansdown? They only allow Market Orders for US stocks. Believe that's the only way I can sell. If another user can respond, I'd appreciate that very much please! Thanks! -u/ [VelvetThunderFinance](https://www.reddit.com/user/VelvetThunderFinance) + +Hargreaves Lansdown do not allow for limit orders on US stocks. Could you please request on your post that anyone who owns GME with HL, should contact them either by email or phone to request that they introduce limit orders on US stocks. I have spoken with them twice and both times they have said that limit orders could potentially be made available if there is enough demand. A large influx of calls making this request might make them speed up their intentions of making limit orders possible. Hopefully with enough demand they will allow them in time for the squeeze to bring some security to all the UK apes who are holding GME with HL. Their contact information is on their website. They usually pick up the phone quite quickly. A comment about this situation on your post would be most appreciated, strength in numbers after all. -u/Antbog1 + +**9. eToro** + +You can’t place a Stop Limit Order on eToro 😔 - u/[ReXJK](https://www.reddit.com/user/ReXJK)Hi, one smooth brainer here with a question. On Etoro it’s impossible to set a stop limit order, as there is no option like that. (Using Etoro EU) Also, I want to know if I can sell a milly/share, me no talk etoro people holidays free no answer faster answer here. 🦍 Also💎👐and put some respect on our mutual success! -u/ [TreasureCase2020](https://www.reddit.com/user/TreasureCase2020) + +When you go to edit “Edit Trade” click on “Stop Loss” then “Set SL” that is where Etoro lets you enter your price (you can chose between amount and rate). I tried entering the amount 1 000 000 and of course it didn’t work, the maximum it would let me enter was barely above the current. But right below the box when you enter the rate/amount, there is an option called “Trailing Stop Loss”. Read this article to understand its use: https://www.etoro.com/news-and-analysis/etoro-updates/introducing-trailing-stop-loss/ Between “Trailing Stop Loss” and the box where you enter the amount/rate you will find the percentage according to the position amount/rate at that particular moment. If it doesn’t show, just click on “+” or “-“ . If you put a number that represents 90%, if at any moment during the squeeze the price drops 10% from the highest price it has been on all day, the position will get closed. For example, a certain trading day, the price reaches 1 000 000 (which here represents 100%) and I have “Stop Loss" activated along with a “Trailing Lost” of 90%. If the price goes down to 900 000 (which is 90% of 1 000 000) the trade will be closed. So, even if eToro goes offline, that should ensure that the trade will close at the best price possible after the peak. I hope. + +It might be a safe option to activate after the price gets to an amount one is comfortable with (for example 1 000 000) or when one feels that the peak has been reached. -u/Personal-Tourist-03 + +Hey man, I'd like to help you clarify about eToro and the sell limitations. The way to set a price to sell at is to click on the position, click on take profit, and then enter the value you want. It is the same as fidelity where it lets you go higher as the price goes up. You can set it to 1000% of the current price. e.g Price is now 300, I can set a take profit of 3000. Hope this helps -u/Dragonizer23 + +**10. Degiro** + +I do have concerns about DeGiro. I tried to set a sell limit at a high price just to see how it would look, lol. But it told me it exceeded their maximum order size of €250.000. Does anyone know more about this limitation? When GME squeezes I don’t want to be held back by this. What could we, holders at DeGiro, do about this? They do sell Berkshire Hathaway shares, so technically it should be possible to sell in the hundreds of thousands right? + +Update: I asked the same question on [r/degiro](https://www.reddit.com/r/degiro) and there they said that if the share closes at above €250k there should be no problems selling the shares at their actual price.🙌💎-u/[Always\_Highdrated](https://www.reddit.com/user/Always_Highdrated) + +Degiro doesn't allow you to place a limit order sell 20% higher than the current price. Aside of that I am not aware if there is any other kind of limitation. Currently there is no stock or security in existence that is near the 250.000 that you suggest in your post, so it is normal that it didn't let you place the order. -u/[Maximito](https://www.reddit.com/user/Maximito) + +just got off the phone with Degiro customer support, they said they would never restrict you from closing your position, not even at a million + +This was however only one guy from customer support. Think we can trust that but you never know. wouldn't be the first time a customer support staff member made a mistake -u/Jobdriaan + +**11. Robbinghood** + +For anyone wondering Robinhood does not have have a cap on placing a limit sell. So for all you smooth brained apes out there, this means when Gmmee hits 2,000,000 a share, a limit sell order will be able to be placed for 2,000,000 - u/[ChimpGimpy](https://www.reddit.com/user/ChimpGimpy) + +**12. Questrade** + +No limit on selling, but limit on setting sell limits (right now I can set $9999 but not higher). + +EDIT: According to u/equinsuosha , if you change your route, you can set the limit price to whatever you want. I tested this with changing the route to MNGD it let me set a limit sell price of 42069.69, but I still have to get back with Questrade on how changing the routing affects the sale, if any. + +[https://www.reddit.com/r/WallStreetbetsELITE/comments/lrei7j/frist\_the\_hfs\_say\_you\_cant\_buy\_know\_they\_are/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/WallStreetbetsELITE/comments/lrei7j/frist_the_hfs_say_you_cant_buy_know_they_are/?utm_medium=android_app&utm_source=share) + +**13. Vanguard** + +I just called Vanguard and they confirmed that there is no maximum amount for selling shares of a stock. When I gave him the example of $1MM or more per share he didn't flinch. u/[Weary\_Freedom\_3916](https://www.reddit.com/user/Weary_Freedom_3916) + +**14. Charles Schwab** + +Hello hello. Charles Schwab user here. There is an initial trade limit of 1000 shares or 20k (if any apes are considering transferring). There is no maximum amount for selling, but there's a cap on limit orders based on current prices. I can place one just under 4k. u/itsdaynotdave + +**15. Interactive Brokers** + +$CUM at IBKR SELL LIMIT 10,000,000.00 and limit 15 orders 1 time. 1 share 10,000,000.00 no issue. ×2 share 10,000,000.00 IBKR will cancel without my consent. FYR u/EddJan94 + +**16. Webull** + +Rumor has it Webull currently allows a maximum limit sell order at 2000% (20x) current market value. So with GME's current $200 price you could set a limit sell order up to $4000. (I saw this info posted by a user in the GME comments section on Webull, who asked the company to clarify the policy after having very high limit sell orders unilaterally canceled by Webull.) - u/Green8Dreamer + +**17. Trading212** +https://ibb.co/SdTQdrS +https://ibb.co/0jBfsQX +-u/psychopathologic + + Alex C. (Trading 212) 20 Mar 2021, 12:56 EET Greetings, Thank you for reaching out! If the price of stock will reach 1 million and you close / sell that stock, then the profits made can be withdrawn with no difficulty . Please do not hesitate to reach us should any further questions arise. Kind Regards, Alex C. | Customer Care Mentor -u/ape_Ivo_to_the_moon + +Hi nhne, I asked trading 212. So first Theres no Limit concerning how hight the price of a security sold can be. When I asked about sell limits they said it's dependent on the security and the market and stuff They said I should provide them with an order id +But I can't because I cant fill an order with that high of a sell limit +You might want to add that to your post. Selling possible at any price. Limit selling I don't know I tried a few prices but wasn't even allowed to do 5000 -/utilidus + +Hi this is the reply I got from trader 212: + +Thank you for reaching out. + +I would like to inform you that we will not impose any restrictions when it comes to the closure of the clients' positions, and respectively their ability to acquire their profits. + + +I hope this clarifies the situation for you. + +Please stay safe and have a wonderful day. + +Kind regards, +Stefan V. | Customer Care Hero +-u/WellBehavedSociopath + +**17. Capital.com** + +Hey I just wrote to Capital.com. Me: Hello I was wondering if there's a sell limit for capital.com? For example, if a stock climbs to astronomical numbers is there a limit to how much I'd be able to sell it for? Say I bought a CFD for 1$ and the price went up to 1'000'000$, could i sell it for 1'000'000$ and take the profit? Capital.com: Dear client, Thank you for reaching capital.com Support. We do not have such limits. Best regards, Capital.com Customer Support. -u/Separate-Attorney-10 + +**18. RBC** + +Hey! Thank you for the stellar exit strategy post. I am a fellow Canadian ape and I use RBC investing for GME. I just put in a limit sell order of 999,999usd for one share and it was accepted. I couldn't go over that amount. Hope this helps! Let me know if you need proof or anything I just tried before going into work! -u/Tarzan_Daddy + +**19. TD Ameritrade** + +TD Ameritrade does not have a sell limit! I called and asked to clarify today and we could sell at $100,000,000,000 if we wanted to and TD would allow it -u/Luethifers_life + +Me: Okay, so I’ll try to rephrase If a stock is currently selling at $1million/per share, TDA would not limit or restrict a shareholder from selling at that price? Her: As long as the stock is currently trading with no restrictions on the shares, we do not restrict clients from selling at the market price. ^TN -u/Brandino7 + +TDAmeritrade is lying. Their max sell price varies according to the current ask price, something like 225% X CURRENT ASK. + +If you set the max, say $459 like I did on testing the upper limit on Friday AND you set this ax GTC... If ASK drops and your MAX SELL price drops below the then recalculated max price, TDA will cancel your order! + +Liars. -u/Zealousideal-Ant1661 + + +**20. Postbank** + +Hi, thx for your great DD about the exit strategy. It is really helpful. If you like you can add "Postbank" in Germany to the brokers. It's a standard bank with trading portfolio. So no neobroke who srews you. A few weeks ago i placed a limit sell order for 9.999.999 Euro which was forwarded to tradegate exchange but didn't get executed yet ;-) Proof: https://www.reddit.com/r/GME/comments/lzqs9k/sell_order_am_i_doing_it_right_forget_500k/?utm_medium=android_app&utm_source=share +-u/FrankiHollywood + +**21. Comdirect** + +Broker: Comdirect +Country: Germany +Time: Beginning of March 2021 ~ 3 weeks ago +Action - online: sell order for 1x GME @ limit 100K +Reaction - phone call + e-mail: +- "Your order was deleted by the exchange because your changed limit deviates too much from the current price" +- " Please note that limited orders from the USA can have a maximum price deviation of 15% from the current market price." +- "If necessary, you can place your order again." +-u/Weariout + +**22. TD Canada Trust (WebBroker)** + +TD Canada Trust (WebBroker) 🇨🇦 For Canadian apes 🇨🇦: the highest sell price it's allowing me to set is < $10,000, so $9,999.99 is the max sell price. Any sell price > $10,000, throws an error 'invalid price increment'. This is through their mobile app, as well as their desktop website. + +Will try to confirm how that ceiling is set or calculated, as the stock price increases. TD Canada Trust is one of the major banks in Canada. +-u/OkMulberry8902 + +**23. AJ Bell** + +For the UK Apes, AJ Bell is also Market order only. They call it "at best". -u/bruce_waning_gibbous + +**24. Stake** + +Stake's platform (Drivewealth LLC) only allow 5 digit sell orders. Last check this will affect 138,000 apes holding GME.Is somebody able to get a response - My emails and calls are falling on deaf ears -u/Ask_Zeek + +Hi, regarding your post in r/GME with the list of brokers, I have contacted Stake, one thats in a few countries outside the US, like the UK, Australia, and NZ among others. This was their response today: +As per how markets operate, share price itself does not affect a security’s ability to be bought or sold. For example, Berkshire Hathaway Class A ($BRK.A) trades at ~US$380,000 per share and people trade this freely and readily. However, there are some things to be aware of when placing certain order types at prices that are significantly different from where that security is currently trading. This FAQ provides more information. https://au.support.hellostake.com/en/support/solutions/articles/35000152385-order-types Finally, given your enquiry is about $GME, we urge you to please familiarise yourself with the risks associated with trading high volatility stocks. This blog may be helpful. https://hellostake.com/au/stake-updates/volatility-and-risk/ + +They have a Limit Sell Cap of 200% above the market value, but they only last for the day. If I put one in at $600 when the price is $200, it would stay even if the price dropped to $100, but would be cancelled at the end of the day regardless of price. -u/taraborn + +**25. Traderepublic** + +Traderepublic (Germany) limits orders to 999,999.99 -u/RetardHolder + +TradeRepublic would rise the ceiling if shares would approach these levels. So there is no real limit other than their shitty Server network -u/DamnIamHigh_Original + +**26. Flatex** + +Another one for the list: Flatex (D/AT) caps at (1mil - 1 cent)$ + +Two examples: a) I place a new order limited at or over 1000k. It gets rejected. Explanation given (in german): Deleted/canceled by system/exchange b) I change the limit of an existing order from 420k to 1000k. It gets canceled. Explanation given (in english): Order price exceeded allowed hard limit. -u/Rud0lfRocker + +**27. Wells Fargo Advisors** + +I just got off of the phone with Wells Fargo Advisors. They do not have a limit to how high you can sell a stock. + +They did, however, stipulate that the current market price needs to be within +50% of any limit you put in place. So if the market price is 1 million, you'll need to wait a bit before you put a 2 mil or 3 mil sell limit per share. -u/Boleslaw-BoldHeart + + +**28. XTB** + +Hey! Just added XTB response to my questions about Sell Limit restrictions and limitations: "So, after contacting XTB they have confirmed that there are no limitations for pending orders. I also asked if there would be any restrictions if the stock price increased drastically and I would like to sell and in this case there are no restrictions either. As long as there is a buyer, the order will be executed. I do have to mention that XTB includes a 0,2% commission for orders over 100.000" -u/PowersBass + + +**29. IngDiba** + +You can add IngDiba Germany. Limit sell order is possible for 9.999.999€ For 10.000.000 you receive an error saying your order is unreasonable -u/Luntzer + +**30. T212** + +I asked if there was a maximum sell price (and put $1m as an example). The reply: Pavel P. (Trading 212) 29 Mar 2021, 15:29 EEST Greetings, u/YMabDaroganCont I hope you are well. I am happy to inform you that the client will be able to sell/buy any stock regardless of the current price unless a regulatory restriction is applied. // My response: Thanks for your prompt reply. I understand that trading halts can be put in place and I understand that this is out of your control, but could you give me an example of, or elaborate on, the kind of regulatory restrictions that could be put in place? I was very dissappointed late January during the $GME run up to ~$400 that I could not buy any shares, and since then I am very worried that during periods of high volatility that Trading212 will “pull the rug” under my feet (again!). I also want to make it absolutely clear that even during times of high volatility that I will be able to sell my shares at the said price without them being stuck as “pending” (again, as was seen during late January). // Response: Please bear in mind that whilst most of the orders are filled within a few seconds, please note that when it comes to Equities and ETFs (on Trading 212 Invest and ISA accounts), the execution time completely depends on every market and it may even take a few days for some orders to be executed (e.g. AIM listed stocks​)​. In other words, certain market conditions (i.e. liquidity) have to be met to have the orders executed. -u/YMabDaroganCont + +**31. Nordnet** (Finnish) + +Hi! Addition to your broker sell limit compilation: Nordnet users can set sell-orders only within +/- 3% margin of current stock price (stock price >50 USD). With stop-loss command, you can set any sell price (no matter if stock is going up or down). Im not sure is it possible to add stop-loss order to you existing positions or do you need to decide stop-loss price upon purchase. Also, using mobile app you can only sell/buu stock only for 999,999.00 USD. In desktop, there is no limitation. Thank you! :) =u/TaP3D + +**32. SaxoTrader** +https://www.reddit.com/r/GME/comments/mig0iv/saxotrader_has_no_sell_limit/ +No sell limit. -u/papajanreddit +Anytime I hear of an internet group accomplishing something massive I always have to wonder how much they actually did. + +But singlehandedly turning around a stock despite the efforts of a massive investment company? Congratulations, I never thought I’d see the day. + +https://www.bloomberg.com/news/articles/2021-01-22/gamestop-tug-of-war-gives-reddit-army-a-win-on-record-volatility +Was finally glad I heard back only to find out I would only be receiving 122 dollars every week. How on earth am I supposed to survive off that when my rent is 750 a month???? This is literally a joke. They may as well not pay me at all. Job interview tomorrow. Don’t want job but now it feels like I don’t even have a choice +Alright....so why call this a BLOCK? + +[Direct from the Moonjam Site....Hunt this BLOCK](https://preview.redd.it/uvo3jjdp0dh71.png?width=560&format=png&auto=webp&s=d3a3969575186cc76e17e17996bb7ccfa75d9029) + +&#x200B; + +So this is my theory. I am likely wrong. I guarantee that this is going to get downvoted to shit, as everything does. But here goes. As I remember one of the issues that Overstock had with their crypto dividend is that there was no actual use for it other than to try to initiate the squeeze and force shorts to close. This resulted in significant legal woes for Overstock. So I have been thinking for a while about how GameStop would be working to get around this. Yes, the NFT will have unique IDs and that would be helpful and prevent Hedgies from finding a way to get around it, but I would bet that if they just issued an NFT who's sole purpose was to initiate the MOASS then they would have some legal issues on their hands. BUTTTTT what if they started using it as a way to "pay" winners of gaming contests. Then they could definitely claim that this was being used for their growing online gaming business. They could then issue each shareholder a unique NFT for each of their outstanding shares of stock, which would have the ultimate result that we are all looking for (MOASS). So you will note above, they called this a BLOCK. Not a cube, not a box, not a brick, a BLOCK. Aka....blockchain. They have been moving funds into the crypto account. My guess is this block or the winner of the Moonjam is going to get the first ever NFT from GameStop. Someone find this BLOCK! Or prove to me I am wrong on this theory! + +&#x200B; + +TLDR: Buy, HODL, Buckle up and look find this BLOCK! It could be worth an unimaginable amount in the very near future! + +&#x200B; + +Cheers! +My wife of 20 years passed away last month. I've been slowly coming to grips with it but there are some financial decisions I need to be prepared make soon. This is one of them. + +We had a small Roth IRA set up for her a few years ago with a small amount contributed every month. Now that she is gone what are my options for this account? Total amount in it is about $25k or so from the last quarterly update we saw. + +I have a new job now in a LCOL area in the Midwest and make substantially more than I did previously. So I'm considering passing it on to her two grown children who need the money far more than I do. I'm already planning to split the life insurance (around $40k) between them. + +What are my options for dealing with this Roth IRA? If I can cash it out will I be required to pay tax on it again since it was her Roth even though it was my income paying into it? Or will her kids? (my understanding is it would be a gift so no taxes paid by them but I want to be sure) + +Anything else I need to be aware of? Pitfalls? Other better ideas? Suggestions? This is all uncharted territory for me. + +Also don't worry I'm not making any major financial decisions emotionally. I know this is a common concern. Just want to know what the options are so I can potentially give them a large gift from her which is what she always wanted. They have no idea any of this is coming so I'm looking forward to being able to honor her wishes. + +**edit:** Thanks to everyone who has taken the time to respond. Your advice and thoughts are all appreciated. + +Summary of what I've got so far: + +- There are ways to deal with the Roth that will not involve any taxes. I can cash it out (through a process) and hand them a lump sum each or create a Roth for each of them. (unlikely I will do that as that doesn't help them now) +- Don't try to control them, just tell them to honor their moms wishes -- "what would mom say?" is great advice. +- Give insurance as lump sum for emergency fund, keep Roth for myself since I don't have one, and instead pay them each $500/month for 2 or so years (so about $25k) out of my own income to help stabilize their monthly income, get education/training etc. I am starting to really like this idea because it gives them a windfall but also spreads money out, and my wife would also like funding my own Roth. Still need to think through it though. +- Talk to each one when I'm ready to start and see if they would prefer a lump sum or monthly payments. So an individualized plan for each. One may want the lump sum of the insurance while the other wants it over a year or two or three or whatever. And I could still do the monthly in lieu of the Roth payout. This tailors it to each. If they take the monthly I can keep the remainder in a separate account and give them the balance each month so there is full transparency. +- Try to structure things such that they need to take some financial planning courses before they can receive the money. +https://www.cnbc.com/amp/2020/07/22/these-six-tech-stocks-make-up-half-the-nasdaq-100s-value.html + +While the Nasdaq 100 has outperformed the S&P 500 and broader Nasdaq over an extended stretch, investors are increasingly making a bet on a few names that have enjoyed huge rallies. + +When you add Tesla to the big five tech companies, that group now makes up 49% of the Nasdaq 100. + +The index is trading at its highest price-to-earnings multiple since 2004. +I am a 19 y/o college student, I currently attend a State college for free and live with my parents. + +Am currently working two jobs. Both of these jobs combined makes me an average of 54k average. I've been working these past jobs for two years, moving on to my third. Both of these are restaurant jobs. About 50-60% of this income is in the form of cash tips at the end of the day. So it's basically undocumented. The other 50% I make about 20-23k from hour wages+%of tips. Both jobs pay $14 an hour. + +All my bills are covered by my parents. From phone to internet. I do not own a car so I do not have to pay any insurance or have monthly car payments. + +The money I earn I would spend most of it on very dumb minute things, like very expensive speakers that I do not use, or the 6 gaming keyboards that I have laying around covered in dust, or those $1,000 jackets just to be cool. +My parents never asked me to pay any bills or anything, they never really bothered. Back when I started working when i was 17, I would buy a lot of things that I do not need, my parents would scold me for it, but they had given up at this point. +I do not understand money like how adults do, i am a very big spender because I have no bills to pay at all, and I live with my parents. This type of spending is very bad, I understand that. +I was thinking i would try to save at least 80% of the money i earn. Which is very unlikely to happen because of the nature of my spending. I keep track of how much i make, but not how much i am spending which is quiet ironic. + +How could I stop this type of spending? I do not want to carry this type of bad habit into adult hood. + +[https://radreads.co/why-do-people-hate-on-financial-independence-and-early-retirement-aka-fire/](https://radreads.co/why-do-people-hate-on-financial-independence-and-early-retirement-aka-fire/) + +Dubbed CNN's "Oprah for Millennials" and Bloomberg's "Wall Street Guru" lol. + +Love this guy's other work, except he had been a big anti-FIRE guy (though is FIRE right now himself) until he dug into it recently (if you follow him on instagram, two weeks ago he was critiquing those brown banana peeps), but in this post looks like he really comes around to what the FIRE community is all about. + +>So instead of FIRE-bashing, let’s look for pearls of wisdom that we can adapt to our individual situations and make improvements where FIRE *misfires* + +Khe explores: + +1. **Don't become a Sucker Consumer** +2. **Apply a DIY mindset to earning more** +3. **Don’t succumb to scarcity thinking** +4. **Is not working really the goal?** +At my local grocery potatoes are 0.20$ /lb, brown rice is 0.69, whole wheat pasta is 0.89, tomatoes 2.50, mushrooms 2.00, onion 0.60... Chop that stuff up into a bowl or soup with some siracha, tobasco, or some other sauce and you'll have a much cheaper and nutritious and sustainable meal than ramen or a cup of noodles. + +Edit: beans and lentils are also about 0.40-0.80 (i think) dry, and double in weight/size when you cook them. And they are extremely nutritious. + +Edit: frozen veggies another great idea, typically even healthier too as they are picked at peak ripeness (instead of underripe for transport) +At my local grocery potatoes are 0.20$ /lb, brown rice is 0.69, whole wheat pasta is 0.89, tomatoes 2.50, mushrooms 2.00, onion 0.60... Chop that stuff up into a bowl or soup with some siracha, tobasco, or some other sauce and you'll have a much cheaper and nutritious and sustainable meal than ramen or a cup of noodles. + +Edit: beans and lentils are also about 0.40-0.80 (i think) dry, and double in weight/size when you cook them. And they are extremely nutritious. + +Edit: frozen veggies another great idea, typically even healthier too as they are picked at peak ripeness (instead of underripe for transport) +The report comes out and basically proves that it was always a distraction. The SEC literally says GME was the only meme stock with substantial almost historic short positions and you point it out to them and they just call you a shill. + +It would benefit all of them to dump their positions and jump onto the inevitable "buying frenzy" that is about to become GME after the highlights of the report gain traction: + +* BUYING ACTIVITY of January event was only a very small percentage of those with short positions (shorts never closed) +* GME was the **ONLY** meme stock with 100+ SI% and a substantial short position + +If you're a popcorn ape and you're reading this. This isn't fud or shilling, it's just straight facts and now you have proof. +I apologize to ape brothers and sisters. I DON'T have a colossal amount of time to spend on this. The chronological order is rough, and I am tired. My hope is that I can present enough due diligence, that some of the more tuned-in members of this wonderful hive I call the **"Ape Intelligence Agency"**, can run with it. + +I have a personal grudge involving the JCPenney situation, as my mom worked there for 17 years. Boy was I furious when u/dilkmud0002 and some others made a connect in the past few days between BCG and JCPenney. + +[https://www.reddit.com/r/Superstonk/comments/tn0yw/kmart\_toys\_r\_us\_enter\_the\_chat\_its\_like\_bcg/](https://www.reddit.com/r/Superstonk/comments/tn0ywu/kmart_toys_r_us_enter_the_chat_its_like_bcg/) + +SO I DUG..... and I FOUND MORE. + +I believe, if we keep looking, we will find even more bullshit than what I've given below. Anyone who was paying attention to Jill Soltau, the BOD, attorney Sussberg, and Judge Jones, knew there was nonsense going on. It was an unnecessary bankruptcy. Even if it was, the assets should have been sold at open public auction, not just given to Simon Property. Covid was the scapegoat to finish off a great Short heist -- as I see it. + +\----------------------------------------------------------- + +# On to business: + +\----------------------------------------------------------- + +# OOOH LOOK, A NEW B.C.G. PERSON FRESH INTO JCPENNEY. Say goodbye to Karl Walsh, and say hi to Katie Mullen (She's new to JCP folks. Make her feel welcome !) + +[https://www.bizjournals.com/bizwomen/news/latest-news/2022/01/jcpenney-adds-two-executives-to-digital-team.html?page=all](https://www.bizjournals.com/bizwomen/news/latest-news/2022/01/jcpenney-adds-two-executives-to-digital-team.html?page=all) + +"**Katie Mullen will lead the growth of the company’s e-commerce business, including jcp.com**, as chief digital and transformation officer. She also will be responsible for driving enterprise strategy and the company’s transformation agenda. + +Mullen most recently spent nearly three years with **Neiman Marcus Group**, serving as chief transformation officer and then chief digital officer. **Previously, she was a partner and managing director at Boston Consulting Group."** + +*(We barely started this post, and I already feel vomit coming into my mouth)* + +\----------------------------------------------------------- + +# Neiman Marcus Chapter 11 bankruptcy + +Neiman Marcus Group, Ltd. LLC and 23 affiliated debtors filed [Chapter 11 bankruptcy](https://en.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_Code) in the [United States District Court for the Southern District of Texas](https://en.wikipedia.org/wiki/United_States_District_Court_for_the_Southern_District_of_Texas). The debtors have requested joint administration of the cases under Case No. 20-32519. According to the company's CEO, Geoffroy van Raemdonck, the filing was a direct result of the [COVID-19 pandemic in the United States](https://en.wikipedia.org/wiki/COVID-19_pandemic_in_the_United_States). The company's website, mytheresa.com, is not part of the bankruptcy.[\[26\]](https://en.wikipedia.org/wiki/Neiman_Marcus#cite_note-26) At the end of September 2020, Neiman Marcus exited Chapter 11 bankruptcy, now owned by a consortium of investment firms ([Davidson Kempner Capital Management](https://en.wikipedia.org/wiki/Davidson_Kempner_Capital_Management), [Sixth Street Partners](https://en.wikipedia.org/wiki/Sixth_Street_Partners) and [Pacific Investment Management](https://en.wikipedia.org/wiki/Pimco)).[\[27\]](https://en.wikipedia.org/wiki/Neiman_Marcus#cite_note-27) + +**Who was the judge? Bueller? Bueller? Surprise. It was Judge Jones, the same one who rubberstamped all of JCPenney bankrupcty shenanigans jizzed-up by JCP attorney Joshua Sussberg of Kirkland & Ellis.** + +Of course judges need to put on a public display of finger-wagging, while everyone is probably slapping each other on the ass, out of public view. + +[https://www.institutionalinvestor.com/article/b1njs0yc76n9xp/Marble-Ridge-Reaches-Agreement-With-Neiman-Marcus-but-a-Texas-Judge-Has-Sharp-Words-for-the-Hedge-Fund](https://www.institutionalinvestor.com/article/b1njs0yc76n9xp/Marble-Ridge-Reaches-Agreement-With-Neiman-Marcus-but-a-Texas-Judge-Has-Sharp-Words-for-the-Hedge-Fund) + +[https://www.reuters.com/article/bankruptcy-kamensky/bankruptcy-judge-denounces-hedge-fund-founder-but-oks-neiman-deal-idUSL1N2IR00X](https://www.reuters.com/article/bankruptcy-kamensky/bankruptcy-judge-denounces-hedge-fund-founder-but-oks-neiman-deal-idUSL1N2IR00X) + +[https://www.dallasnews.com/business/retail/2020/12/10/neiman-marcus-bankruptcy-court-judge-david-jones-calls-hedge-fund-manager-a-thief-and-a-liar/](https://www.dallasnews.com/business/retail/2020/12/10/neiman-marcus-bankruptcy-court-judge-david-jones-calls-hedge-fund-manager-a-thief-and-a-liar/) + +By the way, Davidson Kempner Capital has/had PUTS against Gamestop. Still open? Sorry, I cannot unlock, and i don't know where else to find the info. + +[https://fintel.io/so/us/gme/davidson-kempner-capital-management-lp](https://fintel.io/so/us/gme/davidson-kempner-capital-management-lp) + +\------------------------------------------------------------- + +# NOW ON TO JCPENNEY -- the real Meat 'n' Potatoes + +For those not familiar with the agony of 2020, the best condensed wisdom is from one of the smarter commenters on iHub (not the tards, and believe me, that place has tards worse than BadonkaStonk and W5B put together). The best comments come from **"StihlsawsRule"**. They knew their shit, and knew exactly what Judge Jones was going to do. And boy was he right. + +[https://investorshub.advfn.com/boards/profile.aspx?user=646598&page=5](https://investorshub.advfn.com/boards/profile.aspx?user=646598&page=5) (StihsawsRule on JCP) + +[https://investorshub.advfn.com/Old-Copper-Co-Inc-(f-k-a-CPPRQ-JCPNQ-JC-Penney)-6271/](https://investorshub.advfn.com/Old-Copper-Co-Inc-(f-k-a-CPPRQ-JCPNQ-JC-Penney)-6271/) (For general comments of mostly tards) + +[https://investorshub.advfn.com/boards/read\_msg.aspx?message\_id=162664387](https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162664387) + +* Another smarter voice mentions of naked shorts. (They suspected also) + +\----- + +More docket info, for whomever can rip value. Click on the side-tabs. + +[https://cases.primeclerk.com/JCPenney/Home-DocketInfo](https://cases.primeclerk.com/JCPenney/Home-DocketInfo) + +\----- + +**Simon Property Group and Brookfield Asset Management bought out the remnants of J.C. Penney (Were handed it by judge Jones, as I see it. Just one tards opinion.)** + +We've also had several apes on here writing about connections of Amazon to Simon Property Group and others. Maybe there's something to connect here. + +[https://www.reddit.com/r/Superstonk/comments/pgttob/the\_post\_about\_gamestop\_being\_a\_victim\_of\_jeff/](https://www.reddit.com/r/Superstonk/comments/pgttob/the_post_about_gamestop_being_a_victim_of_jeff/) + +I believe u/BadassTrader makes a lot of connections to Amazon in his Billionaire Boys Club series. + +[https://www.nbcnews.com/business/business-news/amazon-snapping-disused-shopping-malls-turning-them-fulfillment-centers-n1262914](https://www.nbcnews.com/business/business-news/amazon-snapping-disused-shopping-malls-turning-them-fulfillment-centers-n1262914) + +[https://www.wsj.com/articles/amazon-and-giant-mall-operator-look-at-turning-sears-j-c-penney-stores-into-fulfillment-centers-11596992863](https://www.wsj.com/articles/amazon-and-giant-mall-operator-look-at-turning-sears-j-c-penney-stores-into-fulfillment-centers-11596992863) + +\----------------------------------------------------- + +# WHAT POST HERE WOULD BE COMPLETE WITHOUT KEN GRIFFIN & CITADEL + +[https://markets.businessinsider.com/news/stocks/citadel-cashes-in-retail-trading-boom-buys-customer-orders-2020-6-1029329874](https://markets.businessinsider.com/news/stocks/citadel-cashes-in-retail-trading-boom-buys-customer-orders-2020-6-1029329874) + +Note who is in the picture, at the "Milken Institute Global Conference" (where we gather to make the world a better place /s ). + +[https://www.citadel.com/news/ken-griffin-outlines-keys-citadels-success-global-milken-institute-conference/](https://www.citadel.com/news/ken-griffin-outlines-keys-citadels-success-global-milken-institute-conference/) \- May of 2019 ? + +[https://en.wikipedia.org/wiki/Milken\_Institute](https://en.wikipedia.org/wiki/Milken_Institute) (Yes, that Michael Milken) + +This is right around the time that JCPenney was in peak decline, and ultimately de-listed. I'd love to know (please, any ape out there with better finance tools and sharper crayons) **how much trading was on the lit markets.** + +\----- + +[https://www.insidermonkey.com/blog/more-wealthy-hedge-funds-buying-j-c-penney-company-inc-jcp-491955/](https://www.insidermonkey.com/blog/more-wealthy-hedge-funds-buying-j-c-penney-company-inc-jcp-491955/) + +Let's go back to 2016. Insider Monkey says Citadel had a $68 million Long position in JCP. At this point, I have learned to trust nothing about Citadel, so I am curious what part of that was being loaned out to Short interests, and how much Citadel was making on that. OR, was Citadel using their own Long shares to fabricate synthetics? (This again, is where I get lost in the realm of Options, and I need help from other apes with better tools and more experience & knowledge). The price held still for 3 years. So if Citadel held Longs, just to loan them out for Borrow money, it seems profit could have been made on this. + +[https://www.barchart.com/stocks/quotes/JCPNQ/interactive-chart](https://www.barchart.com/stocks/quotes/JCPNQ/interactive-chart) + +\------------------------------------------------------------- + +# ANTI-HERO / ANTI-VILLAIN ACKMAN. JUST WHOSE SIDE IS THIS GUY ON. + +Let's go further back to 2012-2014, which STARTS to decline QUICKLY, and then seems to be the TRUE "beginning of the end" for JCP, illustrated simply on a chart. No more growth. Just a relegation to a slow death. + +Seems like a lot of coincidence for Ackman to be hanging in proximity at the same time. After what he pulled at the beginning of the Covid pandemic, he is pretty high on my shit list. He was screaming to be a JCP savior, and I believe, had a large Long position. But as we've learned in this game, triple-cross maneuvers are apparently more fun & appealing to these guys than a simple double-cross. + +If we look at JCP after 2014, it is a high-volume day-traders paradise (at least it looks like it to me). So I cannot help but wonder, since Citadel was/is handling 40% of all trades, how many naked shorts might have been created for JCP, and how involved could Citadel have been in this slow decline? + +\------------------------------------------------------------------ + +# *** SPECIAL GUEST STARS *** ATHENE & APOLLO GLOBAL MANAGEMENT + +By the way, JCPenney pensions are managed by Athene, who is either mostly or wholly owned by... bum bum bum... **APOLLO GLOBAL MANAGEMENT.** + +I can't find anything nefarious yet, but maybe one of you can. + +[https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/apollo-s-merger-with-athene-highlights-pe-s-rush-for-permanent-capital-63263065](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/apollo-s-merger-with-athene-highlights-pe-s-rush-for-permanent-capital-63263065) + +[https://www.apolloathenewatch.org/jcpenney/](https://www.apolloathenewatch.org/jcpenney/) + +\-------------------------------------------------------------------- + +I WAS WATCHING PENNEYS VERY CLOSELY FELLOW APES... all the way from 2012 to 2020. This bankruptcy cannot be blamed on Amazon (saleswise), or eBay, or the usual "online shopping is killing retail clothing" horseshyte. I present juggernaut ROSS as proof-positive. I've been in retail settings for a long time, with clothes and many other items, and I may just make a Part II on this, on exactly how JCP could have turned it around -- and I don't even have a fucking Bachelors. I'm just a street-smart GenX asshole, who has watched in astonishment, the level of blatant corruption that is accelerating in this country. Add GME from January 2021 (my ape baptism) and now I'm beyond pissed. Some persons were being paid to pooch JCP. I followed the strategies of Johnson, Ellison and Soltau. Johnson's could be forgivable, possibly. Ellison, biggest accomplishment = appliances = no way; dragged feet on the shit too. Soltau... just a complete joker, with no business being there. This company got sandbagged for 8 years, with little bits of bad strategy here and there. Little oopsies here and there. Little inventory goofs here and there. + +Covid simply provided the perfect cover for soooo many companies to say "Er mer gersh, we can't do it anymore"... while they paid "talent retention bonuses" to top brass, but furloughed thousands of others. This is disgusting. + +\----------------------------------------------------------------------- + +**I hope the smartest apes on here, can connect some more dots from the above.** + +**I'm going back to being pissed, and buying more shares today. My mom, the one who worked for JCPenney for 17 years, is buying more GME today too. She's furious.** +Hi, I'm really just after some general advice on securing a property. My partner and I have our finance sorted and are now just looking for our first home. I've never done this before, and I'm hoping maybe I can draw on this community's experience in this area. + +My questions are: + +1. Is there such thing as a good or bad time to place an offer? Example, a property thats come onto the market on Monday, and has its first open house inspection on Saturday - am I better off getting on the phone to the agent ASAP and trying to organise a private inspection, and put offers forward before anyone else gets the opportunity? Or am I better off just taking a chill pill and waiting til the first open house, leaving the agent with an offer at that time. +2. Am I better off opening low and being willing to go up? This is the usual way of buying anything else I've ever bought like cars etc; open low and hope to meet in the middle somewhere. But house buying it seems is a bit competitive, and when a good one comes along (they've been rare lately) I don't want to miss out. +3. My understanding is if I make an offer for a house, and 1+ other person also makes an offer, they are required to tell me if my offer has been out-offered? Or can the owner just kind of say 'this offer was better, so the lower offering person can just f\* off'..? And lastly; +4. Whats to stop real estate agents from just lying to me and saying someones offered more and I would have to offer $xyz to stay in? + +These might be standard questions that all first homebuyers have, I'm not too sure. I keep searching internet for answers but most of what I find is in the context of buying in USA, so I'm not sure what the story is in the context of Australian real estate. Side note I couldn't find a subreddit specifically for Australian real estate, and didn't want to post in /r/RealEstate for the same reason. Apologies if this isn't the right sub. +The real estate is forcing us to pay through an account made at www.rentalrewards.com.au, that site charges you a fee for every transaction, direct debit is $1.50, and I've just learned putting in a VISA card for payment is *thirty fucking dollars* extra every payment. + +I called Rental Rewards a while ago asking what "rewards" exactly I qualify for after putting tens of thousands in rent through them. The answer was "nothing". + +Is this legal? Can the real estate force us to use this third party for payments? + +Edit: Victoria. +Just purchased a new Mazda 3 through a novated lease. I feel really uncomfortable that I couldn’t pay for anything upfront! + +Our last car cost around $7k four years ago but sadly has ABS problems that will cost $7k to fix, hence the new car. + +Has anyone else ever felt uncomfortable spending / borrowing so much for a car? Part of what sold me on the new vehicle is safety concerns, and the new Mazda definitely makes me feel better there but definitely feel uncomfortable owing money! + +Also - I can’t get my head around novated leasing lol. + +Edit: While I appreciate everyone providing helpful advice on the novated lease and things to double check, I am not seeking people criticising me for being honest that I don’t quite understand it. I have researched the novated lease but I am concerned that most information available seems to be either from novated lease companies or personal loan companies. On top of that there are a lot of variables which muddy the water. However, this post was more about buying a car than the method used. +I've always been a pretty good saver and am getting close to a 20% deposit on a small apartment, but my actual income isn't huge (65k before tax) and I don't have a partner (nor want one). Also looking in Sydney metro for lifestyle reasons to live in, not really interested in investment properties. + + +I know I probably can't afford mortgage repayments comfortably (or strata fees etc) but do I really have to wait until I earn 6 figures? Or can I just save up an even bigger nest egg on my current income for a few years to have a buffer? + + +When applying for the loan would it be weighted mostly towards my salary and being able to repay that way, or could having 50-100k in savings (in addition to the deposit) help at all if I save another few years? +I'm still fairly early in my career progression in a low paying field so within the decade I'll probably only get to about 80k salary anyway. Maybe in another 30 years I could get to 150k or so but I'd rather not wait that long. + +Also does anyone do lower repayment rates for higher deposits? Like if I save up a 30% or 40% deposit will my monthly repayments be any lower? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +There’s a story that somebody asked Ghandi what he thought about American civilization. He replied something like “I think it would be an excellent idea.” + +Ask me about American Capitalism and I say “It would at least be worth a try.” + +Most people who want to defend capitalism have only a vague idea what it is they think they’re defending. What they are in fact defending is the status quo. If they were fully honest they would be saying something like “I don’t understand it. You don’t understand it. I doubt anybody understands it. Let’s try not to mess with it because we’d probably break it worse.” + +The status quo does not particularly fit capitalist theory. It doesn’t particularly fit anybody’s theories. It grew by accident. Adam Smith and Ricardo tried to imagine what was going on and made up theories to explain how it worked. Marx tried to imagine what was going on and made up theories to explain why it would quit working. + +There is no particular reason to trust any of these theories. Some of them may look so compelling that people WILL trust them. But would you bet three billion lives on them? + +My view is that we have no particular reason to assume that the evolving world economy will be stable or reliable. It lurches along. It could fail drasticly at any time, and if people believe it is reliable that’s only because of theories that might not apply. + +We have no particular reason to assume that we know what’s wrong with it and how to fix it. More theory. + +So we very much need to reduce our dependency on the world market. Get more local self-sufficiency. That costs. If you consistently get the best deal you can from anywhere in the world, your expenses will be lower and your “efficiency” will be higher. But your risk will be higher too. So try to arrange to have what you need locally, and then trade on the world market for luxuries and special deals that you could get by without. + +If we can arrange thousands of local economies, then we can experiment. We can change around the system some places, and find out which changes work in practice. There’s always the chance that something which works one place will fail elsewhere — local cultures vary, and culture matters when you try to change behaviors. But each place we make changes, we get to look for the hidden relationships that our theories have not noticed before. + +What we have is a ramshackle evolved system that is evolving fast, not by natural selection among thousands or millions of alternate economies but by chance. Things that let some people make money faster get done, unless other people stop them. A random walk. We are betting our lives that it keeps working. Nobody understands it. Nobody knows how to fix it. + +Imagine the whole world was using and depending on a complex, buggy piece of software. Let’s give it a name, like say Windows 3.1. Everybody could see that it had problems. It sometimes broke down spontaneously. And it was susceptible to viruses that sometimes let some people steal from others. And there were people who were officially supposed to be maintaining the system, who were making a whole lot of money off of everybody else. Alternative systems were getting nowhere because to communicate with the rest of the world you had to be Windows-compatible. + +And imagine in this world you met somebody in a bar who argued that Windows was shit. He said he could redesign it and create a system which would not have the flaws. He knew a bunch of other smart people who all agreed that their approach would be better after they wrote it. They had talked it over and they knew where the problems were in Windows and they had a completely different approach which was guaranteed to work. He wanted you to agree to convert the whole world over to their system, which they would write later. + +How would you respond to that? + +What we have now is some ways worse than Windows 3.1. It has well over a hundred years of evolutionary cruft. Nobody has the source code. And there is no alpha-testing. Great big changes happen when teams of politicians talk it over and reach agreements based on their personal judgement and that of their staffs, with at best some desk-checking. Bretton Woods, NAFTA, TPP, you name it. + +We’re lucky to be alive. + +There has been many discussions about minimum wage here, and it's overall impact won't be solved anytime soon. I am curious about this specific aspect. + +As I understand it, the only reason a business would hire someone or create a position is because there is a need for that position. So if a company makes and sells 100 widgets a day, and has two employees who each can make about 50 widgets a day, they will not hire a 3rd employee unless is starts selling closer to 150 widgets a day, no matter how high profits go because it would be unnecessary. On the other side, they aren't going to get rid of that second widget maker because they need him to keep up with demand. + +So, even though it will cut into profits, they shouldn't eliminate positions because it'll mean stopping meeting demands. + +Does this make sense? What concepts do I have wrong here? +I wanted to say this while we're in a period of price stagnation, so it won't appear artificial. I also wanted to express why I love you so much. + +My discovery of Bitcoin has had the single greatest impact on my worldview to date. The minds that I have connected with here are among the most brilliant I've ever encountered. The concentration of knowledge here from fields of economics, finance, and computer science is remarkable and rare. + +I don't have a computer science background. I actually study biology. But, when I discovered Bitcoin, specifically this subreddit, I became interested to the point of obsession. Not an hour passes that it does not enter my mind. Some of the voices that I’ve heard here, from the known faces and the unknown faces, have become my heroes. + +Many parallels can be drawn between Bitcoin, populations, organisms, and life itself. Some of the familiar patterns are feedback loops and sigmoidal curves. + +But Bitcoin doesn't express the properties of feedback loops and sigmoidal growth with its protocol alone. No, it is the interaction of people with the protocol that makes the network come alive. The same way that life's source code, DNA, cannot create life without interacting with its environment. + +Without community, Bitcoin is just source code. The simple realization of this is mind-boggling. In the same way that an organism is not equivalent to its DNA, Bitcoin is not equivalent to its protocol. Organism = DNA -> proteins -> cell(s) -> etc + feedback and interaction with environment. Each layer has a certain degree of plasticity that allows the organism to adapt and evolve. The same analogy can be applied to the layers of Bitcoin. Except, there’s a much greater degree of plasticity to Bitcoin than there is to a biological organism because it can adapt and evolve through conscious effort. This is especially true in its still early development. + +To the core developers: Suggest and make the changes you deem necessary to the protocol. There’s others around you and a voting mechanism to help check your work. We realize that it’s like repairing a 747 mid-flight, but Bitcoin is a risky investment. We must take risks in order to change the world. I believe in you. + +To the developers and companies on the periphery: You provide the shape, form, and color that makes Bitcoin enticing and useful for all. Keep innovating and searching for those killer apps. + +To the rest of us: Help create the culture that invites newcomers, fosters innovation, and provides support. Help create such a clear and beautiful painting of the future that it becomes a self-fulfilling prophecy. + +I proudly work for the world’s first digital autonomous corporation and I would like to thank all of my coworkers for their hard work and dedication. Together we can and will change the world. + +Edit: a word + +**THIRD QUARTER OVERVIEW** + +* Net sales were $1.297 billion for the quarter, compared to $1.005 billion in the prior year’s third quarter. +* Sales attributable to new and expanded brand relationships, such as Samsung, LG, Razer, Vizio and others, contributed to the Company's growth in the quarter. +* Inventory was $1.141 billion at the close of the quarter, compared to $861 million at the close of the prior year’s third quarter, reflecting the Company’s focus on front-loading investments in inventory to meet increased customer demand and mitigate supply chain issues. +* Ended the period with cash and cash equivalents of $1.413 billion as well as no debt other than a $46.2 million low-interest, unsecured term loan associated with the French government’s response to COVID-19. +* Established new offices in Seattle, Washington and Boston, Massachusetts, which are technology hubs with established talent markets. +* Secured a new $500 million ABL facility, which closed in November just after the end of the third quarter, with improved liquidity and terms, including reduced borrowing costs, lighter covenants and additional flexibility. + +&#x200B; + +[https://www.stocktitan.net/news/GME/game-stop-reports-financial-results-for-q3-osxks3mypany.html](https://www.stocktitan.net/news/GME/game-stop-reports-financial-results-for-q3-osxks3mypany.html) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +I am a first-time buyer with an offer accepted for £428K on a flat. I just had the Mortgage Valuation Report returned earlier today from the lender and they value the property at only £410K. A significant £18K lower than the accepted offer. + +Is it usually a good idea to renegotiate or walk-away under these circumstances? I do like the property, but I am equally prepared to walk away. With everything that is going on and some issues with the seller (lying to me about being chain-free) I have already been questioning the decision to buy. + +The other complication is the stamp duty holiday ends in March next year. So, I would need to find another property quickly to make use of this tax break. Perhaps the government will make the stamp duty changes permanent? +FICC-2021-001 DTC-2021-002 NSCC-2021-003 Updated![https://www.dtcc.com/legal/sec-rule-filings](https://www.dtcc.com/legal/sec-rule-filings) + + +sorry for the confusing I mean the 3 files are updated today + Federal Release: +[Release No. 34-91587; File No. SR-NSCC-2021-003](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-003-Approval-Notice.pdf) +(April 16, 2021) + + + Federal Release: +[Release No. 34-91587; File No. SR-DTC-2021-002](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-002-Approval-Notice.pdf) +(April 16, 2021) + + + Federal Release: +[Release No. 34-91587; File No. SR-FICC-2021-001](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/FICC/SR-FICC-2021-001-Approval-Notice.pdf) +(April 16, 2021) + + +&#x200B; + +https://preview.redd.it/vhensniog6u61.png?width=652&format=png&auto=webp&s=c60b28c789f8144104dbe07d0e745aa390a6e3fd +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. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I just got my first big boy job a year out of college: 50k (37 after taxes holy shit), nice 401k, full benefits and all that jazz. I see people in this subreddit talk about having 3-5 million and they're like 35....it's insane to me but it's also very impressive. + +So I'm looking for the tips that can help me be like these people. I don't need millions in 10 years (I'm 22) or anything but I wanna know how to have that same mindset. How do I get started on this road, other than the usual 401k to employer match and a roth IRA? +Just downloaded Microsoft Crypto Chart widget. Setup my portfolio. There is an option to show the value of your portfolio over the past day, week, month, etc. I was able to graphically see what I already knew. My portfolio is down over 40% in a week, up 132% since Jan 1, up 1,068% over 6 months. + +I have realized a couple of things: +1) I have lost, on paper, a lot of money these past several days. If I told people in my life that I lost 40% in a week they would castigate me, and I would feel I deserved it. How could I not sell at the high? How could I not sell on the way down? How did I just HODL through these kind of losses when I clearly could have, maybe should have done something! I would never tell anyone I had such losses. I walk around hiding my embarrassment of the past week and continue to say, crypto is a great opportunity.... + +2) I have made some significant gains over the past 6 months that I am very proud of. HODLing is the reason why I have made such gains, and I have lived through 40%+ paper losses before. Telling people of my gains is not a problem at all. In fact, when people do ask about crypto the majority want to get in. But how would I explain these moments when your're down 40%+? + +3) HODLing may be the best strategy when trying to compete against whales in the market. I have seen all types of reasoning behind the enormous swings in the crypto markets. Almost without fail, I lose money trying to time this market. When I first started trading it was like a curse, I would sell and the price would skyrocket almost immediately after I sold. Was I cursed? - + IDK. HODLing is the only strategy that has worked for me. I have gone through these down 40-50% moments before and they have always come back. I have stared at this sea of red before, and I close my eyes and say HODL. + +4) Explaining HODL to new investors is more than difficult. I have become a therapist to those I told to get into this market. Those who have experienced at least one boom are in love with crypto. A few who are going through their first downtrend without seeing an upside are anxious to say the least - I just keep sending them HODL memes. It' okay you bought Ripple at $3, just HODL - while they sit on 33%+ losses - HODL! + +I start this day in a sea of red. I will go on with my day pretending it doesn't matter. But it does. I was king of the world not a week ago, today I sit with 40% losses... big losses... 5 digit losses... if I told anyone..... + +Wait just smile and tell everyone you meet, crypto is the way to make big money, and when you lose big money, it's okay, just HODL. +first thanks for for Quant, when i read about what it does and their partnership with SIA, i thought this had some legs. if it gets binance listing, which i think it should because of SIA partnership, it should moon even higher, there are plenty of posts in this sub talking about its benefits so have a read. its not too late despite cracking into the top 100 today in mcap. + + + +im here to ask what your picks are for moonshots and why. maybe this could be a monthly thread? + +I'm also going to give my pointers on how to pick good projects, its not exhaustive. just the basics without havng to spend 2 days reading a whitepaper + +**What to look for in a quality project** + +- does it solve a problem that needs to be solved and why? there is so much crap out there e.g. cannabis coins + +- does this solution need a blockchain? - more on that below. blockchain has become a hammer where there is a nail, lots of money to be made from naive investors. you only need blockchain to remove a centralised authority if it has the potential to be a bad actor otherwise centralised software is the solution. BTC is the perfect example. the centralised actor is the mint. with btc we know how much btc is created and its 100% transparent. tether is the problem BTC solved. + +- what is the roadmap like? does it have a mainnet? is it being used? + +- whats the team like, how is their progress? i like to check out who is on the team then head over to their github and check out the reports on the commits. warning signs are a ton of contributors but only 1-2 people contributing, or commits where they just do pointless refactors or add comments to bring the commit count up. one shitcoin i saw, its github was just an empty ERC20 contract with no implementation. + +**does this solution need a blockchain?** + +lets me honest, most blockchain projects are garbage / vapourware and in many circumstances are best served by a centralised solution over a decentralised one that blockchain provides. have a read of this paper I posted on /r/CryptoTechnology + https://np.reddit.com/r/CryptoTechnology/comments/7yptse/do_you_need_a_blockchain_this_paper_is_fantastic/ + +the paper is a tad anti blockchain, but thats up to the reader to decide. but the short answer is, there isnt that many use cases for blockchain. + +**Some coins posted here im skeptical about, posted in threads here** + +Fantom and BANANO . DaGs with smart contracts. i havent looked into how rich these are. they could be basic smart contracts like in bitcoin or provide a turing complete language allowing dApps. i dont see how this can work in practice on a DaG though. the kicker for me and DaGs promising richer features like this is that they are operating on a feeless model which runs into problems with running a node, it boils down to wanting to support the network, as is the case with nano and iota (i dont want to start a war here, just my opinion). + +Also for Dags promising smart contracts. if it does run a Turing complete language it's resources have to be regulated to not bring down the network because Turing complete languages can run loops, an infinite loop can bog down the network. Etherum resolves this with Gas computation requires gas, money. So how does a feeless dag with dapps work? + +I realise BANNANO is a memecoin forked off nano code, but like doges fork of the code from LTC it looks like they are doing serious dev on it (correct me if im wrong) that its 2100 or so in mcap position, so throw 100$ and get the faucet coins. +Are we really just repeating what all happened in the 2000's? +With only 40 millionUSD volume, the whole market capital of these coins can just ramp up to unbelieveable highs and then just self-ignite. + +Am I the only one who thinks this is not healthy? +I know what you're thinking... "Another one?!?". + + +However, I thought I'd share with you, a simple portfolio app I've made for Android. + + +[CryptoTrax](https://play.google.com/store/apps/details?id=com.portfolio.currency.crypto.cryptotrax) offers a simple, permission less, registration less, no frills way of keeping track of your crypto portfolio value. + + +Simply add or remove coins and see your current portfolio value. + + +I'm sure there are more advanced portfolio apps out there but maybe some of you will find it useful. + + +Thanks and any feedback is welcome. +Google trends for the top 50 cryptos have never been higher, we're blowing through a doggy coin market with coins like BNB approaching very high values. Google trends for BNB and ETH haven't been this high since late May. There are a lot of reasons to believe the bulls will survive at least until January, but at the end of the day that's just my perspective. What do you guys think? + + +Please comment with your opinion on this topic and feel free to say the month you think things will begin to go back to normal, maybe 30% every 3 months instead of 100%, or something like that. Don't forget to discuss! +Sorry super newb here. But looking at Bittrex it seems going up non-stop today. Should I trade my BTC/ETH for ANS? + +Edit: Currently at 10.12, totally missed the hype train at $5 a piece yesterday but will get on it if it dips to 9-9.5 +So everyone has his own trading style and thus indicators work different +for everybody but its still interesing to see how other do their stuff. +Whats why i want to start a litte survey: + +Please name you top 3 indiacators + +1) + +2) + +3) + +4) How many indicators do you usually use at the same time. + +5) Are you a short or long term trader? + +6)What is your candle config when you use them mostly? Like 30min Candles over 2weeks + + +I will start + +1) Trendchannel + +2) RSI + +3) SMA7 combined with EMA20. + +4) 4 + +5) Short + +6) 5min, 24h + + +All the possible bad news has already come, and the cryptos are doing good. I think we are done seeing BTC and ETH doing these massive dumps. Looks like 23k BTC and $1700 ETH are the new good prices to buy at. Thoughts? +I'm a beginner and I'm about to start investing in crypto, buy and selling. I still can't get how do you analyze the value of crypto so that you can buy low. Can anyone help me understand the basics of it? I plan to start low first so that I can get some experience then gradually increase. + +On a side note, what are some good currency that buy and sell then earn? I would really appreciate it if you can help me. +I'm investigating this possibility, and assuming it'd be a 20% cut. I'm not quite 40, so it seems like I'm young to do this, but I'm very stable financially. House is paid off, and no other debt. No kids and don't plan on having any. Not married, but in a relationship. Anyway, even after a 20% cut, I'd still be in the 6-figures. + +My thinking is that the extra free time is more valuable to me than the extra money. What does everyone think? + +**Update** +I appreciate all the input I received. Thank you! I spoke with the big boss today, and he seemed to be OK with the idea. I need to talk to another boss, and a few of my colleagues, but I'm seriously considering doing it. Also, I mentioned maybe trying it for a year, and if it doesn't work out, going back to 100%. Unfortunately, as I kind of expected, there would be a 20% pay cut. However, I was living just fine a few years ago when I made that much less, so I think once the initial shock wears off, I'd be fine. I'll keep you posted. + +Also, my PTO will decrease as well. I'll only earn 0.8 of what I did before. This is a bummer, but then I realized my amount of vacation time will be the same. I currently get 25 days (so 5 weeks if I go in one-week blocks). If I take the cut, I'll only get 20 days, but in reality, it's still 5 weeks because my work weeks would only be 4 days (4 x 5 = 20). Nice. + +**UPDATE 2** +So it seemed like one of my bosses was OK with this, but then another said no. She made some excuses about staffing issues at another site, but TBH, I think she just has it in for me. Now I'm really pissed because I thought this might become a reality, and I decided I would do it. As a compromise, I came back and said, how about 0.9? That would give me a 3-day weekend every other week. Still a no. At this point, I'm sick and tired of the management and the way employees get treated, so I may look for other options. Another hospital is hiring, and there is a possibility of getting an 80% position there. It's a longer commute, but I bet I could get more money. + +Long story short. I asked my employer for a 20% pay cut, and they said no. Unbelievable. +I'm relatively new to crypto and I fully admit to have been swept by the XRP pump-and-dump hype that happened recently. In case you happened to miss it, the short version--that I gather is not an uncommon scam--was that rumors of this telegram investor group that planned on pumping and very specifically not selling XRP to keep its value rising. People were told the pump was going to happen on Monday, at 8:30am. + +I bought into the hype -- having missed out on GME and Dogecoin I was in a really "I want to get into investing" mood and was *certain* that this was gonna be it. Everywhere I looked about this was filled with memes about going to the moon with it and really positive talk, and everywhere that was *not* filled with memes had almost no discussion on it. Which honestly makes me realize is part of the issue; the only places I heard about this in where also places where you were made to feel crazy for not buying into the hype. It was a really bad feedback loop. + +Fortunately I stumbled upon a few discussions on this subreddit about it and it helped me take a step back and think about the logistics of it. I thought about it a lot and looking outside of my bubble really helped me realize how I wasn't investing, I was positively gambling. I had no idea about XRP as a technology and was buying it solely as a quick get rich scheme which was a terrible idea. The many stories people had here about how pump-and-dump schemes worked to prey on overly excited newbies helped me realize that I *was* the overly excited newbie and I wasn't a weird exception, I was just being driven by FOMO and hype. + +I had bought in when it was at .4, and last night when I was up late reading this subreddit and realizing I had screwed up it was going up by a lot, at .67. I set up a stop limit at .65 and went to bed, woke up realizing how close I had come to losing a lot of money. + +Now to be clear, I did do some reading and I think that XRP could be an interesting coin to invest in. But not the way I did it and not for the reasons I did it. I want to say I dodged a bullet, but instead it’s more accurate to say you guys pushed me out of the way when the bullet was on its way to me. I really appreciate that. In the future, I’m going to invest in crypto when I legitimately believe there is a long term possibility of growth based on the technology and opportunities instead of trying to ride the wave. I learned an invaluable lesson and can’t thank you guys enough for it. +For just $5million you can completely disable Cardano for a whole month. Imagine shorting the coin then doing this; you'd make a fortune. + +Here's how I did my calculations: + +1. Cardano runs a 6.55tps +2. Cardano transactions cost 0.17 ADA currently $0.29 + +6.55tps x $0.29 = $1.90 per second + +x60 = $113 per minute + +x60 = $6.8k per hour + +x24 = $164k per day. + +Cardano does not have a fee market so transactions go into a big queue, first in first out. So if you spam a lot of transactions onto the network the queue will quickly start to build, there is no mechnism for honest transactions to skip the queue or for high value transactions to be prioritised over the spam. Seems like a security nightmare to me. +During the interview process, I mentioned that I was looking for a salary in the $95-105k range, and I was told for this position they're likely offering in the $95-100k range. That was totally fine with me since it's over $20k higher than what I make now anyway. + +Flashforward to today, I was offered the position with a $100k salary - while I'm taking a few days to think about it, the hiring manager straight up told me that if my current company offers to match, they're willing to go higher, and that if there's something my current employer is offering benefit-wise that they don't, they're willing to match. + +I feel like I have a lot of leverage here, since it seems like this company really wants me. I am actually going to go back to them to see if they'll match my current PTO days (I currently have 23, while this new company is offering me 21), but part of me would also like to try to negotiate up to the $105k that was at the top end of the salary I was looking for, even though $100k was the high end of what they originally noted. + +Am I pushing my luck on that / should I just take the $100k? +A post a month ago encouraged people to look for new jobs and try to get pay raises. + +I wish I could thank that OP as I followed his advice and landed a job with a 25 percent job increase, no on call, and other good benefits. + +This happened all in like 3 weeks. Go for it- start looking and applying today. They are desperate right now to find reliable people. +It's kind of a marketing pitch for vanguard buy also an interesting read. + +https://investornews.vanguard/fueling-the-fire-movement-updating-the-4-rule-for-early-retirees/ +https://www.apple.com/newsroom/2020/09/apple-one-makes-enjoying-apple-subscription-services-easier-than-ever/ + +* Individual includes Apple Music, Apple TV+, Apple Arcade, and 50GB of iCloud storage for $14.95 per month. + +* Family includes Apple Music, Apple TV+, Apple Arcade, and 200GB of iCloud storage for $19.95 per month, and can be shared among up to six family members. + +* Premier, where available, includes Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+, and 2TB of iCloud storage for $29.95 per month, and can be shared among up to six family members. +I know this sub loves to talk about property falling and it certainly is, especially in the premium price bracket and apartments. + +Is anyone seeing any falls in the sub-600k range though? Looks like it hasn’t budged - is there any hard data out there? +Yesterday I finally crawled out of my overdraft for the first time in possibly over 4 years. I have removed all but £500 of my overdraft facility and hope to remove even this by Easter 2019. We will still drop back into the overdraft again this month once bills and food are paid for, but no-where near as much as we were in last month, and especially not compared to 6 or 12 months ago. + +I have a small pot of emergency fund, though not enough to cover a full months expenses yet, it will cover at least a months rent and council tax if required. The aim (as per the flowchart) is to increase this pot to cover 3-6 months expenses, though with another child on the way, this could be a slow process once my wage drops in March/April. + +So just to say, thanks UKPF community, for the advice and suggestions that you make every day, especially for people like me who lurk a bit while we chip away at our own issues. :) +Hi guys, + +So as many of you are aware, apparently UK pension funds were at risk of going insolvent by this afternoon had the Bank of England not intervened. + +My question is why? + +Apparently it had something to do with margin calls and derivatives, and that somehow was going to cause a widespread financial crash? + +How so? + +Since when do pension funds use these types of trading strategies, and even if they did, why would that cause widespread financial crisis? + +How do they risk going insolvent? I thought all those funds did is take your money and invest it for you like an ETF does, how would such a fund go bankrupt if the underlying securities have not? + +Thanks, +Rick +My dad has chronic high blood pressure and had stroke-like symptoms 2 days ago. ER confirmed he had a minor stroke and also diagnosed him with severe diabetes (in addition to his high blood pressure). + +My dad has a very stressed personality in general and his work also aggravates it significantly so I'm very concerned for his health. My mom works very part time. They don't really disclose their financial health very much but this is what I gathered: + +\- their health insurance is ok but not great (?) + +\- they have a 350-400k house that they have been very stubborn about selling and downsizing for a long time (even though their 2 kids have grown up and moved out so 70% of the house is unoccupied). + +\- pretty sure they have pretty minimal retirement saved + +&#x200B; + +My dad is stable right now and suffered very minor symptoms following the stroke but given his medical conditions, poor diet, poor exercise, i'm very worried he's going to stroke out again soon and will be unable to work after that. + +&#x200B; + +Any advice on different avenues they can take would be greatly helpful. They are now finally \~considering\~ moving out but they want to rent their house out (popular location, could probs generate 2500-3000k revenue/month) but they're not sure where to move to because all houses around this area are pretty expensive and i think the property taxes are what are going to get them. + +&#x200B; + +Also, important side note: his social skills are pretty mediocre (like 1/10) and I firmly believe this has been the reason why he has struggled to stay at any job (aside from his first job). He is running out of jobs in the area to apply to. +What title says. many many stocks are down 80%? Facebook netflix amazon which were not too long ago considered impenetrable are down 30% and more? Im not saying the worst is here yet but surely we have experienced a huge crash? + +Can the Mods Make an argument with why she’s essential to the sub or remove her. Keeping her without some kind of statement to the sub other then “we voted her in” seems like a majority of the mods could be compromised. + +Most of us like Pink…. + +Anyway REGARDLESS Buy, Hodl, buckleup![ + +Edit 1: I’m not sure if we’ll get an answer from our Mod team. Something I’ve observed is that POWER CORRUPTS. Few get a hold of it and willingly let it go, rather they want more and more. I don’t get a good feeling from the way this has been handled. Pink unanimously getting silenced honestly is a bad look. Other mods are keeping silent in fear of also getting the axe? If all it takes to compromise Red is some nudes then Kenny G is going to have an easy time spreading FUD when he really needs to. I’m for free speech on this sub as long as it’s not spreading FUD which she wasn’t. I personally want to hear what she has to say and if you do as well she can be found running https://www.reddit.com/r/GMEJungle/ +I’d like to see trust in the mod team restored and another large migration prevented. We have a lot of good stuff here on R/Superstonks. +I’ve been dealing with a lot of house selling stuff today and haven’t had a chance to respond to everyone. Just got under contract so hopefully will be dumping 30k+ into some more of the one true play. Can’t stop, won’t stop, GameStop. + +Edit 2: is their a downvote tracker I can add to this? I’m surprised at the amount of people on this Sub in favor of a shill Mod. +Throw away for privacy. + +Husband and I are both retired from military. Both of us were career officers and pensions, combined, are about 10k a month after taxes. We have $300k in TSP (401k), about $60k owed on primary residence, and about $1.5 million in taxable accounts. + +We started a company after getting out and have good growth to about $400k a year profit , just the two of us. We’ve been working with a contract software company to design something to streamline our work flow and it has very broad appeal with nothing else really on the market. Our current living expenses per year is only about $80k. + +The big dilemma we have, is we are debating dumping our reserves into funding a startup to focus on our current software product. We would likely seek funding, if necessary, but prefer less dilution if possible. It’s odd because even if the startup fails we are still fine with our pensions and current income (our company would still operate while we pursued startup). At the same time, it’s a bit daunting to know that we could be throwing millions toward this idea! Any words of advice or caution from anyone in such a situation? +Good morning, + +When i’m at home I generally turn on CNBC around 8:30 and listen while I do other things. I know that CNBC, Cramer, and the guests they have on should be taken with a grain of salt but I really enjoy that part of my day. They kind of tell you what’s going on. Dow&Nasdaq are down but gold is up, jobless claims report was released, oil drops on worries of Saudi Arabia’s commitment, etc... + +Does anyone have a website they like to visit in the mornings or throughout the day to get updates and kind of get a feel for the market? I appreciate any reply’s. I’m sure i’ll at least glance at all sites provided. Thanks! +"If you’re going to invest, you have to follow certain rules. If you want to ski, you ought to go to the bunny hill and learn how to stop. It doesn’t make you an Olympic skier, but then in certain cases, you have an edge on the Fidelitys of the world. You might be in the cement industry, and suddenly orders pick up. You can see things better. The one thing I want everybody who is buying individual stocks to get is that they have to understand the story, the five reasons something is going to go right for the company. If you can’t convince an 8-year-old why you own this thing, you probably shouldn’t own it. Don’t invest in a company before you look at the financials. If you made it through fifth grade, you can handle the math. ". + +Source: +https://www.barrons.com/articles/peter-lynch-how-to-find-growth-opportunities-in-todays-stock-market-51576877980 +Can someone explain me what is pennystock trading. Probably due to my English but don't understand what it is. Can you also trade it with brokers like etoro, oanda etc... +.. I am sure you guys have heard it as you must be very knowledgable and must be hearing about scams and so forth so to me it sounds like so far its a MLM company which my mentor told me to steer clear of.. It sounds like it gives forex signals but most of people just flex on the iG. and say funny stuff like forex money ohh my god im so rich and i know what it is but it still sounds interesting because i believe forex is legit.. just maybe this isn't +My friends told me that its easy all you have to do is pay like 250$ to imarketslive and then you put an investment into your account and then they help you and tell you what to buy and then you go from there. Please somebody help me with this. +I've been doing my research on the basics of starting to trade with Forex and a lot of the sites I've read recommend just focusing on studying and trading one currency pair. If this is what you do, could you tell me what factors you personally considered in order to choose the pair you mainly trade with? +I’ve been back testing a new strategy and for the past 2 months or so i’m averaging a 60-70% win rate on two different pairs. + +My risk to reward is always at least 2-1 on one position and 3-1 or higher on the other. Are those 80-90% win rates you see on youtube actually tangible? I want to start trading on a funded account to that’s why i’m asking. Appreciate any feedback +I pretty much understand the basics of forex. A currency pair moves up and down based on the relative perceived strength of the two countries' currency. But who or what actually decides that USD/JPY just moved from 104.97 to 104.98? Where is that calculated? And how is it decided so quickly and so often? +im 17 and ive applied for 100's of job applications but i can't get a job, . Things are very desperate for me and i barley have enough money to eat or buy clothes. + +Would forex be a good way for me to earn money? I don't even wanna get rich quick; i'd be perfectly fine earning around £9,000 a year or even less; that would be a god send. i come from a single mother household and she barley has enough money to clothe me or my siblings; we survive on government welfare. + +I just want some money so i can buy some food and clothes. I'm not looking to make a lot of money; just enough so that i can have my basic necessities; essentially the same amount of money i would make on a minimum wage job. I wanna demo trade for around a year or so until im 18 when i can finally open my own account. + +Thinking about economics and maths at university; so maybe i can put down that i have experience trading for my application to university. + +my frineds don't even hang out with me anymore because they have money wheras i don't. They go on concerts and out for meals and i barley have enough money for a pizza; this makes me sad and my mum asks me why i don't have any friends. They don't even invite me out anymore, really makes you feel worthless. +Straight to the point here. + +1. I'm constantly getting stopped out. Constantly! Tight stop wide stop it really doesn't seem to matter. It seems as though the stop is always being fished out. It seems like the wider I make it the worse things become. I do tend to put it beyond some kind of level it has failed to reach in some time but it manages to reach it. It also seems like the moment I place a trend line on my chart price breaks it and goes against me. This happens so often. + +2. My analysis is mostly on point. I can't tell you how many times that the market moved in the direction I thought it would. The only thing is it has done it without me way too many times. I'm either stopped out or I exited too early. I know that placing the stop too tight and exiting early are symptoms of fear so I'm working on just trusting my analysis. + +3. This one probably hurts the most. Sometimes I place a trade without a stop loss but I'm using a mental stop. I'm not the type to keep moving my stop loss and when using a mental stop I will get out if price reaches it. So what happens is I put in the trade and go on about my business and when I check it it's moving heavily against me and if it doesn't hit the mental stop I am now holding for most of the day in an attempt to get back to break even and it's locking up a good chunk of margin so I have no choice but to hold back to atleast break even or I do my best to mitigate the loss as much as I can. + +The culmination of all of these issues has been super draining and has really been messing with me mentally to the point where I feel like I just want to off myself at times because I feel like I'm being mislead and lied to. I've been giving this plenty of time and attention and am learning to be patient before entering a trade and honestly I just cannot seem to win. I've never worked so hard towards anything in my life. I'm looking to earn a funded account for those who are wondering about the capital or whatever and it's just not going well. I watch out for news and even read economic news and look up the sentiment analysis for whatever pair I may want to trade and honestly nothing seems to be working. I've been working very hard on keeping my emotions under control and not just jumping into a trade for nothing. As I previously stated though this is really doing damage to me mentally. +I would appreciate any advice you guys can give me. I feel as though there is really just some kind of barrier between me and success at this point in time. +So a question thats always been on my mind is what balance is too big for that fast execution and one click trading getting insta filled.. + +My guess is something up to 1,000,000-2,000,000 is still retail trading effectiveness with no slippage and fast execution on major pairs.. + +I.e a smaller fund of lets say 20mil.. how do they place their 500-1,000 lot trades?Can they get filled within 2-3 sec? are they affecting the price? + +If anyone can shed some light on this, would be grateful. +I trade on daily candles. Means I don't have to be constantly chained to my PC and also lowers the effect of fundamentals fucking me up. + +What's your choice, and why? +Lately I have been using this strategy and it seems to be working, so far I have 6 positive trades and only 1 negative trade. Any tips or advice to further enhance this strategy is my system would be greatly appreciated. Im sure Others like me can use the guidance! +ty! +Basically im looking to see what you r/forex lurkers are returning annually. Post what your annual ROI % is. Based on my strategy i should making large returns and when combined with compounding it seems as if my annual ROI should be greater then 50% yearly, which of course will be put to the test this upcoming week. Ill be journaling my positions for the next little while. just looking to see if im bat shit crazy or one of the greatest fx traders of all time. Let the journey begin ... +I’m just starting out with £200 at the moment I’m only risking 1-2% of my account. So, I’m not seeing huge returns. +It’s frustrating but at the same time, I’m in no rush and to be honest I’m just enjoying trading. As depressing as it sounds, I love watching the market, I love doing the research. It’s become a genuine hobby that I want to pursue and improve upon. Obviously I have goals, but if I say I want to quit my job tomorrow and trade full time and earn £50,000 every year from the market. It’s silly it’s an unrealistic expectation. + +What I’m curious about is, I see traders saying “Yeah I took my $250 account and turned that into $1,000.” How?!?! + +But then a lot of advice out there is saying, start off with what you can afford to lose. So, I can spare the £200 and keep depositing £100-£200 every month. That’s one way to build my account but it’s all my money, it’s nothing earned from trading, it’s what I’ve earned from work. Sure the odd pound here and there but nothing substantial if I'm only risking 1-2% The upside is eventually when I get to say £2,000 I can risk a higher amount of money (still 1-2%) and have a higher return. + +I know trading through computers is different to trading in the pit, but watching “Floored” the documentary, a lot of those guys are saying “Yeah, we’d go in and put up our house, our cars, our life if we had to! Some guys you’d see would come away with even more money and would do this on a daily basis. But then other guys would be crushed and you wouldn’t see them the next day.” So in essence they’re trading with high leverage. + +So what's the best way? + +I’m just curious and want to hear traders’ opinions on how to grow small accounts. Have you had a small account? How did you grow it? How long did it take? What was your method and outlook? I don’t mean your specific trading system but more “Ok, I’m starting off with $200 If I can earn $50 this month, I’ll be happy” for example. + +Thanks guys! +Had a thought , why doesn’t everyone just trade with the trend ? Surely you’d be guaranteed profits even if you close your trade before it hits your TP or you’d at least be guaranteed more profits than tryna guess when the market is going to switch direction +&#x200B; + +[I have been trading for just over a year and live for only 3 months this was my GJ trade on July 1st 9:00am my strategy is only trading with price action and support and resistance. I was relying on the 15m time frame and expecting volume to break through that 1h resistance. What could I have done differently in this situation?](https://preview.redd.it/4kif0bxlp8971.png?width=2975&format=png&auto=webp&s=9e970917301591431cdd5811b52d95035887af9c) +I'm used to pay commissions-only in my country. I want to trade EUR/USD from Brazil and I think it's unfair to pay spreads because they mess up my focus on the trade. I don't want to worry about the spread at the exact points where I want to buy or sell. I need an excellent broker that can work based on commissions. Is that possible? +Hi guys, I'm an engineering student in New Zealand looking at getting into forex. I got interested after seeing this website come up on facebook: http://infinite-prosperity.com/ + +I was about to hand over my money for a gold account but then thought twice about it. The members seem to get very good advice and get put on the right track, but it seems too good to be true and perhaps I can find the information I need elsewhere anyway, seeing as others on here have done the same. (books and internet). Firstly has anyone used infinite prosperity and had good results or have recommendations? + +I am slowly working my way through babypips.com at the moment. It is quite an eye-opener and has me excited for the challenges ahead. After I finish babypips, I plan to open a practice account on FXCM. Is this the right way to go or is there something better suited for someone in New Zealand? Ideally I was really hoping for a mentor of some sort in NZ to guide me, perhaps take a cut of my initial earnings but I have no idea where to go in NZ for that kind of advice. + +Any sort of information and tips will be greatly appreciated. Even though I'm reading up on this stuff, it feels so much more different to my engineering degree and because it's money involved, it's a so much scarier... +Thanks in advance to you all +Title says it all really, does anybody trade with a tablet? Which tablet do you use? Which tablets are best for running charting software? + +I'm looking towards a tablet with a keyboard, maybe a surface pro. Im not sure yet though. +I trade 3 pairs eurjpy,eurgbp,eurjpy cause of the similarity between them. I watched a youtube video that says if you can't tell someone where the price of that currency pair was yesterday, last week, last month, etc. then you're not really looking at it. I know this might sound a little weird but is there a specific technique that any of you here use to memorize the exchange rate of your pairs over days-weeks? +Majority of traders feel that trading without a stop loss is strictly forbidden, but for some, this is how they usually trade. + +&#x200B; + +Who are the risky people here that trade without a stop loss? What is your reasoning for it and how do you deal with having no stop loss, do you have some sort of other risk management? +On another point, what if your trading volume is small and you make more money teaching rather than trading? + + +Asking because although my volume is small, my profits are consistent. I was planning on teaching and using the money to build and compound a bigger account. + + +Thoughts? +What I mean is, can you really replace a 9-5 job with forex & eventually live comfortably by doing forex. I took on forex a few years back but never stayed consistent with it. I’m thinking of picking it up again but I really wanna know if that would be a time waster. +Have you ever seen coins that are being or have been shilled nonstop? *Ehem* ERG ALGO LRC + +Everyone always say DO YOUR OWN RESEARCH, but we all know that there are times when we are too lazy to do this tedious part of investment and we're like *ahh fuck it, what could possibly go wrong* and just put in money. + +So which projects or coins have you bought without doing prior research and just went in head first? Was it successful? Did it fail horribly? How were you convinced to buy it just because? Was it the sheer volume of the people shilling? Did you read something informative that enticed you to buy it? + +Edit: ok that's a lot of people +> Meanwhile, Tesla’s free cash flow generation isn’t likely to continue in the fourth quarter. Tesla achieved positive operating cash flow of $424 million in the third quarter, but accounts payable and accrued liabilities increased by more than $600 million. Increasing payables by that extent is a direct source of cash, but an unsustainable one.... + +> Meanwhile, the current cash balance looks a lot smaller when viewed in the context of liabilities. The combined company had total debt of about $6 billion on its balance sheet as of Sept. 30. Tesla could always change its plans. None of these projects necessarily have to happen, and Tesla has changed its outlook on capital spending and funding needs on multiple occasions this year. But shareholders enjoy its lofty valuation based on what Tesla could become, rather than what the business does today. That would likely change if Tesla became less ambitious. + +> [The company’s serial equity issuance and stock option granting has pushed diluted shares outstanding above 157 million, up from 92 million in 2010, according to FactSet. Look for that number to increase further in the new year.](http://www.wsj.com/articles/tesla-investors-still-need-to-watch-their-wallets-1479493840) + +Gotta watch out for that "recapitalized equity dilution" next year! + +Know what other company has positive FCF only [thanks to working capital?](http://www.amazon.com) Guess. +I think that accumulating wealth would be much easier with similarly minded friends and I anticipate retiring early would be a lot more fulfilling with more friends to enjoy it with. I've been making good progress towards FI the last couple years, but I cannot get any of my friends interested. +Yes, basically what the title said. + +As if things weren't already shitty enough, if you're holding soBtc on Solana i hope you're ok....also: get the fuck out of Solana, seriously. + +How many warnings and red flags do you need? + +I know it's hard and i don't ask you to trust "ME", a rando on the web, trust all of the signs. + +Between the doctored stats, the outages, the "let's stop the unstaking till the market is favourable" and all the other things that put this project at the antithesis of what crypto should be. + +EDIT: screenshot +https://pbs.twimg.com/media/FhXMgpCWQAEsd0d?format=png&name=small +How do you stay organized between multiple personal properties? I grew up pretty poor so new to all this. In the past decade I've accumulated 4 properties in my fav locations, 3 domestic and 1 international and due to the nature of my work I am able to travel frequently between them but I am finding it confusing knowing what is where or what to pack. + +One thing Ive figured out is keeping a basic wardrobe of all the same items at each property as well as kitchen utensils and toiletries / towels, etc. so I dont have to pack much when traveling between them. + +Do you guys have other tips? Should I hire a manager? Should I keep inventories of each house's items? How do I keep tabs on each place when I am away? Right now I try to have a friend in each house to take care of it while away. + +Would love to hear suggestions or tips or even just entertaining anecdotes of living in multiple places for pleasure. Most articles I find are about investment properties with tenants not personal multiple residences. + +Thank you! +Edit for people asking: no I don’t play the lotto, have never traded meme stocks and don’t own crypto other than the $600 worth of doge, and shiba inu I bought as entertainment, which is now worth about $300 at the time of this post. + +I’m looking for some advice here and some insights from folks on this topic. I’ve read some of the posts here on Reddit and heard some opinions from people I know, but I’m looking for some other perspectives from FIREs if anyone uses these services. + +FWIW, the amount I’m looking to evaluate on is about $15-$20M. Not sure if this is UHNW or HNW for what it’s worth. I’m about to turn 34 next month. + +Can anyone here advise if portfolio management is actually worth it at this level? I’ve always operated under the belief that ETFs and low costs funds are the way to go but a lot of advisors I’ve spoken with angle from the perspective of lower risk adjusted returns to protect wealth. The problem I see here is that it comes the expense of higher than average fees vs places like Wealthfront/Betterment, and the portfolio as a whole before fees return less because it’s biased to lower risk assets. + +One of the things I’ve considered is paying for financial/tax/estate planning services with quotes in the height or hood of 25-50k a year for this service. For anyone who does pay for this service, are there any downsides and have you seen value that outweighed fee? Unless I am missing something, this seems like the better play to allow the firm to plan but not manage the assets. Many of the firms I’ve spoken to will charge a retainer for financial/tax/estate planning and will waive/negotiate if assets are placed under management. The problem here is that per my statement above, the risk adjusted return piece of what concerns me. + +Thanks for your insight. +Hoping to get the opinions of those who have had nannies or other childcare. I am a sole-income earner, pre-tax in excess of $1MM annually, but essentially a one-man show. + +Since we had our son mid-pandemic and we live away from family, my wife has been staying home and handling it all. Both of us were raised without any form of paid childcare. My wife used to work closely with me in a support role, but we have since hired someone to replace her, although they certainly are nowhere near as capable. We have found we are more-or-less treading water now, having less time to do important things like exercise. + +My son used to sit with us in one of those kids activity centres in our home gym while we worked out, but he has now determined that this is no longer suitable for him and we have to now take shifts, which is difficult when I work long days. + +&#x200B; + +A death in my wife's family occurred two weeks ago, and unfortunately we had no one around who could help while we were taking on other tasks, which made us realize we need to have some sort of plan for childcare. Now, I look at what childcare would cost, and realize it probably isn't going to be all that big of a deal for us financially, and indeed it may free my wife up at home to start doing some of her support role while someone helps with things like cooking/cleaning/childcare. + +Long story short, all of a sudden I'm thinking we should just hire someone full-time. Then also have someone 4h a day on weekends. We're just starting to look at interviewing candidates. + +1) Where and how did you find your in-home childcare provider? + +2) Should we start full-time, given that everyone seems to love it, or were just a few days a week enough? + +3) Would you get them on weekends too? + +4) Did your kids ever end up thinking their caregiver was their parent, or any other adverse longterm effects? This is certainly my wife's fear. + +Thank you for your thoughts and advice. +Hoping to get the opinions of those who have had nannies or other childcare. I am a sole-income earner, pre-tax in excess of $1MM annually, but essentially a one-man show. + +Since we had our son mid-pandemic and we live away from family, my wife has been staying home and handling it all. Both of us were raised without any form of paid childcare. My wife used to work closely with me in a support role, but we have since hired someone to replace her, although they certainly are nowhere near as capable. We have found we are more-or-less treading water now, having less time to do important things like exercise. + +My son used to sit with us in one of those kids activity centres in our home gym while we worked out, but he has now determined that this is no longer suitable for him and we have to now take shifts, which is difficult when I work long days. + +&#x200B; + +A death in my wife's family occurred two weeks ago, and unfortunately we had no one around who could help while we were taking on other tasks, which made us realize we need to have some sort of plan for childcare. Now, I look at what childcare would cost, and realize it probably isn't going to be all that big of a deal for us financially, and indeed it may free my wife up at home to start doing some of her support role while someone helps with things like cooking/cleaning/childcare. + +Long story short, all of a sudden I'm thinking we should just hire someone full-time. Then also have someone 4h a day on weekends. We're just starting to look at interviewing candidates. + +1) Where and how did you find your in-home childcare provider? + +2) Should we start full-time, given that everyone seems to love it, or were just a few days a week enough? + +3) Would you get them on weekends too? + +4) Did your kids ever end up thinking their caregiver was their parent, or any other adverse longterm effects? This is certainly my wife's fear. + +Thank you for your thoughts and advice. +Obviously, need to keep this a bit vague. But I have a company with a handful of innovative products, some ready for commercialization and some in mid to late R&D stage. Over the last few months, we've had some convos with a publicly traded company (w/ a market cap in the billions) who is in the same field and has an interest in our niche area as it is complementary to some of its current core focuses. At this point, we've spoken to about a dozen or more of the company's execs / managers / etc, all of whom were looking to understand us, our products, vetting it out, etc. Earlier today, our contact informed us that the company intends to put forth a term sheet soon outlining consideration for the following: + +(a) a worldwide exclusive license agreement for our products ready for widespread commercialization; + +(b) exclusive rights to improvements and further developments for the products in "(a)" + +(c) a right of first refusal for our products in R\&D; and + +(d) co-promotion of the licensed products. + +And potentially other items. + +Bottom line, I'm completely out of my wheelhouse here. No prior M&A / major licensing deal experience. No one on our team has experience either and I'm not sure I trust our corporate attorney with a transaction as meaningful as this. Looking at the public company's (and its competitor's) 10-Q's, they have given exclusive licensing deals in the past with upfront non-refundable fees in the single digit to tens of millions and milestone payments in the dozens to hundreds of millions. Its very unclear right now how this company views us, but clearly, it would be a worthwhile investment to have an incredible savvy professional representing our interests and negotiating the best numbers possible. + +1. **What kind of people do I need to quickly put together on a team to evaluate the opportunity here?** I gather from a recent thread that perhaps a banker + M&A attorney are two key individuals, although is a banker necessary when we're on the verge of getting a term sheet? That said, perhaps there is value in a banker quickly vetting out other potential opportunities? Who else? How do these people typically get paid? Hourly or percentage of deal size, and upfront or upon closing of deal? +2. **Any general advice for entering a negotiation or situation like this?** +3. **For those that have done similar deals, what provisions did you fight for beyond the typical?** My thought is that, for example, if they want us to co-promote, then our company should receive a very healthy hourly consulting fee. If they have an interest in us continuing to improve the existing products, there should be some sort of milestone payments for that (or alternatively, a R&D budget). Also, we'd likely push for guaranteed minimum yearly unit sales to make sure they don't sit on the license and to incentivize them to push the product out via their channels. + +Thanks very much. I really appreciate this group's expertise! +In researching some as we grow into FAT, I wanted to get some feedback from those here who have used private villa rentals after graduating from High End Resorts. I am used to the upper end of mainstream resorts, (Ritz, St Regis, Four Seasons etc), not quite Aman, but they seem limited where we travel and and more specific to a travelers taste it seems. + +That being said, I was hoping to get some feedback from the group on transitioning from the large resort traveling to a more VRBO style in a private home with chefs, housekeeping, transportation type stuff included. Ultimately we don’t have kids so we would look to enjoy these things with friends that we can turn a private home into our own place to relax. Some places seem to be on par per bedroom with top end resorts (4000-5000/night) for 4-5 bedrooms. They include breakfast and lunch from private chefs, housekeeping, bartender etc. To me it’s not yet worth it for just my wife and I, and it would seem lonely with just us. But as we grow our friends maybe we all take a trip together. + +Can the group here comment on experiences traveling with friends to these types of places? Do you all just chip in for a 1/2, 1/3 or 1/4 depending on number of people? It seems a no brainer if there are 4 of us going (4 couples) to just grab a high end beachfront home vs resort and have added amenities like bartender and chef. + +Convince me one way or another why this is good or bad. +MD at Global financial institution earning 350k and with 4m net worth in HCOL (including primary residence). Looking to inherit another 1.5m this year. My job is fairly easy but still forces me to follow a 9-7 type workday with the occasional late evening or weekend work. + +I'm considering giving up my safe job and try to revive the family business (I'm the only one qualified). I'm currently living the business class life and i could upgrade to first or even private plane if I'm successful. + + I feel i can survive 2 years on my inheritance and if it fails, i should be able to find someone to employ me at a similar level as i do now. It will mean cutting back spending at first (not too excited about this part) but I'm looking forward to having more flexibility in how i structure my day and in trying something completely new. + +Any experiences or tips anyone can share? +Anyone here FAT, could FIRE but have chronic medical issues? + +The medical question is the one thing that prevents FIREing for me as my expenses post insurance runs roughly $20k/year. + +How are people handling these situations? + +I'm on the lower end of FAT these days (thanks, stock market! Ouch), American, and VHCOL area (not moving to a lower cost region for a number of reasons). + +Nowhere near medicare age and no partner to mooch medical off of. And while I'm not old, I'm probably too old and bitchy to be 'sugaring'. 😉 + +I've considered living abroad again but it's not realistic right now. I really enjoy the community I've built here and am looking to stay, possibly travel more if the world feels safer on a number of different vectors. (One option I've considered is moving abroad until medicare kicks in.) + +I've also considered structuring things so the bulk of my income comes from ROTH and get healthcare off the exchange for less but haven't had a chance to move things around (annual income makes it a huge tax hit) but that will put me 5 years out, about 3 years longer than where my heart is at. +It's all in the title. + +Do you really understand the why of Bitcoin? If so, you're not going to let a 75 basis point rate hike by the Fed scare you off like the rest of the investment market that has a short-term view of things. + +With Bitcoin, you've opted for a low-time preference. You know that Bitcoin is a long-term monetary revolution that transcends market cycles. + +The economy and the stock market are cyclical, but the Bitcoin revolution is here to stay. The key is to focus on the fundamentals of Bitcoin. And Bitcoin's fundamentals haven't changed since its inception, so there's no reason to panic. + +Leave aside the Bitcoin price in the short term, and focus on what is essential in life. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I bought a car for $1700 in Aug 2021. I put $3700 into repairs and maintenance, got 42,000 miles out of it, and now it finally won't start. + +I knew this day was coming. + +Thank goodness that car allowed me to make enough to get another one without making payments. This is my blessing. + +I'm also thankful that I'm healthy and able to continue to work. I don't take that for granted. + +UPDATE: I have my replacement car. A 99 Camry with 230k miles. Since I bought 2 previous cars from the guy, I got an extra $100 off. + +Grand Total: $2824. Slightly over budget by $24, but it's a pretty good ride considering the age. Leaves me with $900 of emergency money, but a paid for car. + + +[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!* +Edit: I will try this myself in the coming two weeks to see what happens, and will post about how it goes compared to buying on Interactive Brokers and the DRS'ing + +The DRS guide has a link that states you can wire money to Computershare through Wise in order to buy as much as you want, other people apparently have tried and it worked + +This should be the way for us international apes who still make some money every month, and that’s what I’ll do + + +Don’t get me wrong, I’ve been all-in since September and had to take care of other stuff, but THEY TURN OFF DRS, so now I’m gonna buy even harder +Complete speculation on my part, they shorted the shit out of BBBY today to suppress the price of meme stocks held in basket swaps. They can't really attack GME in large volumes directly anymore, and since BBBY was the catalyst today, much easier to short it than try and fumble around with only gme (meme stocks also fell in sync today). + +Edit: not a call to invest in BBBY, GME the only stock with idiosyncratic risk. +According to [Subreddit Stats](https://subredditstats.com/list/subscriber-growth-week) r/CryptoCurrency gained +13284 new subscribers on Friday and +80484 in the last week. Second best rank of all the subreddits, first one was the dogecoin subreddit of course. + +To all the newcomers, welcome. Make yourselves at home. Once you join us, it's hard to leave (no wonder we are called a cult). + +Past week has been insane in the crypto world, so naturally things here weren't like they normally are. Your curious posts/comments may have been ignored a bit. In the weekend things are a bit more chill, so feel free to ask us anything you want. + +Oh, and these yellow cookie-looking things are called Moons, our very own cryptocurrency. Learn about them and cherish them. + +EDIT: It's now over 94k new members for the week +The following link describes the SEC decision that's been pending for a while; + +http://www.bloomberg.com/news/articles/2016-06-17/iex-outduels-citadel-nyse-as-flash-boys-exchange-is-approved + +My question is; what is the appreciable difference once they gain exchange status? + +As a dark pool aren't they already subject to NBBO on any given execution? +In 2010-2011, hard to remember, I bought approximately 120 BTC for Runescape gold. + +I believed to have about approximately 50 left, but I cannot remember at all what I did with them. I was a teenager at the time. + +I just want to throw this out to anyone who thinks A. Any amount of bitcoin is insignificant and B. Make sure you have all of your wallet info fully addressed and secured in your possession. +Just general curiosity on budgets mine is bellow for comment /downvotes / Advice + +Background single income household SAHM and toddler + +6300 - take home after 14% super and notated lease +NOTE: Paid monthly + +2000 mortgage payment (min is 1500) +2000 Wife money for food and toddler things +232 health insurance +100 Public transport +80 Home and contents insurance +200 Vangard EFT's +300 Phones, Internet and Disney + +80 lotto, VPN and union fees +230 daycare + +About 1050 left for the bills / splash cash + +All our big bills are paid via my OT /allowances + +I'd love to know what others do? +There has been tonnes of interest in the (most recent) Australian house price boom of late in this sub, but I was interested in people's opinions regarding the potential fall out of an apartment price crash over the coming months. + +It's looking like international students won't be returning to Australia until 2022, and even then, I wonder what sort of caps will apply given the high levels of underemployment among under 25s in the post-covid economy. Compounding this issue is a huge oversupply of apartments as inner city professionals consider the importance of a study or extra bedroom to accommodate working from home which in my view will continue to be offered for at least 2-3 days per week on average into the future. + +Apartments continue to come online around my area and a quick REA check has single bedroom dog boxes in Heidelberg priced at $450k. Surely there is no market for apartments at this price point given how difficult it would be to secure tenants and/or sustainable yields given that rents continue to depreciate. + +Are apartment investors guaranteed to be cleaned out here? Are we looking at potentially tens of thousands of apartment owners forced to sell at huge losses? +I've always liked Ross Gittins' opinion pieces. This is another thought provoking and reflective piece on why despite having so much "more" in our lives than any other generation of humans that has ever lived, we've convinced ourselves that our standard of living is falling cuz.we can't have even more of the stuff that none before us has ever had. +# For the Very Same Reasons They Missed the Exits During this Bear Market + +**TLDR:** Nobody knows where crypto will be in a week, a month, or a year from now. Timing tops and bottoms is how novices approach the market. **Rule of thumb:** buy things going up in price. Sell things going down. Change course when the trend has reversed. This simple approach got me out of crypto late last year and has me back in since last week. I listen to charts, not headlines. Cause bad news is good, unless good news is good, then bad news is bad (except when good news is bad). + +Let's travel back in time so we can get a glimpse into the future: + +Very few retail investors got out when the signals were flashing at $60k. How could anyone sell when we're headed to $100k by end of 2021, right? + +* **\[1\] @$69k** \- *$100k here we come!!!* +* **\[2\] @$60k** \- *I'll take some profit when we pump back to $69k* +* **\[3\] @$50k** \- *Should've sold at $60k, too late to sell now* +* **\[4\] @$40k** \- *Since I'm still in, might as well buy some here at 40% off! We're headed back to ATH anyways!* +* **\[5\] @$30k** \- *Bitcoin is down more than half since the highs. Can't exit now when I just added at $40k* +* **\[6\] @$20k** \- *$15k is gonna be the bottom. I'll sell a little bit now and get back in later* +* **\[7\] @$25k** \- *Whale manipulation. I don't trust this rally: it's a trap!* + +[Current Bitcoin Bear Market - Nov 2021 to Present](https://preview.redd.it/g8cofjq0eqe91.png?width=863&format=png&auto=webp&s=7fc130619db6cfc322a5945640db5b2a35ee3e0b) + +You see what happened there? **Sunk cost fallacy combined with making predictions about the future**. It's difficult to think rationally when you're drunk off the euphoria of a parabolic run-up. And even harder when you're underwater and sitting on heavy losses. The market can leave you in denial. Or worst, lamenting that something different could've been done to change your current situation. + +*The market is never obvious. It is designed to fool most of the people, most of the time.* +\-Jesse Livermore, **GOAT trader** + +# Nobody Knows S*** About F*** + +Some guesses are more educated than others. As I alluded to in previous posts, it is beneficial to know how institutional speculators approach the market. Their #1 job is to manage risk. **Preservation of capital** is paramount: it supersedes **return on capital**. + +These professionals take calculated bets and cut losses when they are wrong. When they are right, they let their winners run or add to the position. This requires a plan; it involves setting profit targets and exit prices. **It means changing your opinion when the market presents you with new information.** Professionals don't dig-in when a theory is invalidated; they pivot and look for the next opportunity. + +Compare that to novices who aren't formally trained in navigating the markets. **The desire for profit blinds them from protecting against losses**. To the moon or bust! Cutting their winners short and letting their losers run. Not using stops or not taking profits. Adding to losing positions. Being stubborn, FOMO, fear, greed, and emotions are what drives their decision making. **It is the polar opposite of how smart money thinks and acts.** + +# The Power of Inversion + +Let's flip the story from above as a thought experiment: + +Very few retail investors got in when the signals were flashing at $20k. How could anyone buy when we're headed to $10k by end of 2022, right? + +* **\[7\] @$17k** \- *$10k Here we come!!!* +* **\[6\] @$25k** \- *I'll buy the dip when we dump back to $20k* +* **\[5\] @$30k** \- *Should've bought at $25k, too late to buy now* +* **\[4\] @$35k** \- *Since I'm still in, might as well sell some here at +100% run-up! We're headed back to the bottom anyways!* +* **\[3\] @$40k** \- *Bitcoin is up more than double since the lows. Can't buy now when I just sold some back at $35k* +* **\[2\] @$45k** \- *$50k is gonna be the top. I'll buy a little bit now and take profit later* +* **\[1\] @$40k** \- *Whale manipulation. I won't be shaken out: diamond hands!* + +[Prior Bitcoin Bull Run - Jan 2020 to Dec 2021](https://preview.redd.it/zvw7nlr1eqe91.png?width=860&format=png&auto=webp&s=2b368671d8c5d1dd4f681d681ff54ab7b1c1764e) + +An uptrend is simply the opposite of a downtrend. Recall: *The market is never obvious. It is designed to fool most of the people, most of the time.* + +# Rinse and Repeat + +**I own long-term investments older than members of this sub**. I've been in this game long enough to witness more market cycles than I can remember. Dot Com Bubble, housing, banks, gold, oil, cannabis stocks, shipping, pandemic stocks, etc. They all came and went. Crypto is no different; it is not special. It's just more volatile and trades 24/7: that's why Wall Street loves it. + +The price of an asset goes up and down because humans behave in the manner demonstrated above (anecdotally). This phenomenon--called the **Market Cycle**, is a story as old as the [Dutch Tulip Bubble of the 1600s](https://en.wikipedia.org/wiki/Tulip_mania). Professionals (i.e., institutions and whales) prey on this fact. That's why they do the exact opposite of retail. Diagrams below were done in MS Paint since I wasted all my crayons doing TA (and snacking on). + +[Price is trending higher and higher. Institutions are buying. Professionals buy the dip; Novices short the uptrend or buy too late.](https://preview.redd.it/y6gm2jx5eqe91.png?width=790&format=png&auto=webp&s=954af3398057c9fb8cf2b65e3d0b998be9e605b1) + +**Note:** I am aware that most retail investors can't or don't short. The above depiction applies more to trading than investing--but you get the idea. Main Street is late to the party and/or going against the trend. + +[Price is going lower and lower. Institutions are selling. Professionals short the rallies; Novices buy the downtrend or sell too late.](https://preview.redd.it/pe5vi2w6eqe91.png?width=790&format=png&auto=webp&s=256151862c832dfab08326c5c110428323091698) + +# A Timeless Approach for Viewing Markets + +Institutions have the ability to profit when price is moving in either direction. **More importantly, they have the capital required to create and sustain a trending market**. Whales swim with the current and so should you. This is why it pays to identify which market phase/stage we're in. That would require a bit of analysis... of the technical variety... **Technical Analysis**, you could say. I don't mean studying astrology or watching squiggly lines intersect. I mean the **Classic Market Cycle**: it is an objective framework for analyzing asset prices. + +[Four Stages of the Market Cycle. Exists on all timeframes and represents human emotion](https://preview.redd.it/cl42x8y9eqe91.png?width=812&format=png&auto=webp&s=9544e98adf8f2375ac96ea46f998450ff734153b) + +In the same way that you respect the downtrend when it is active, you should respect the uptrend once it confirms itself. **The market pays you to react, not to predict**. Quit wanting to be right. Stop trying to impress others with your forecasts. Why do you think YouTubers and Influencers get so much attention? Nobody is clairvoyant--unfollow the Furu's. Everything you need to know about the crypto market is right in front of your face. **Crypto investors stare at charts all day anyways; that time would be better spent learning how to read them objectively.** + +# For Anyone Who Scrolled This Far + +You're probably asking what's the point of all my lengthy posts recently? **I'm not on Reddit for karma**. My goal is to spark some minds into taking control of their financial future. There are benefits in studying how markets behave. Learning to read charts can be a valuable tool for your investment strategy. It can help guide your decisions on **when to enter, add, take profits, and exit** on whichever timeframe matters to you. + +If you don't have the desire or time for that, then continue on with DCA. There's a good reason why it is the recommended approach for passive investment. Just know that **investors who don't manage risk end up losing more than traders. Traders who don't manage risk end up becoming long-term investors (bagholders).** + +&#x200B; + +**Disclaimer:** Not financial advice. For educational purposes only. Do your own due diligence. Only invest with money you can afford to lose. [Sold majority of crypto](https://preview.redd.it/jwino2fm1yi81.png?width=383&format=png&auto=webp&s=e3a1101f7d8ea83f4ee44665b6c7798ac8403174) end of 2021. 100% cash [since May](https://i.imgur.com/iOnuAor.png). [Bought Bitcoin back at $21k](https://np.reddit.com/user/Cranky_Crypto/comments/w3dt51/july_19_2022_bitcoin_update/) and have since added Ethereum. Actively managing positions based on the charts. Never get married to your portfolio. +Wass'up? + +My name is u/delicious_manboobs and you might know me from boring you out of your mind with posts including walls of text about financial statements. + +&#x200B; + +https://preview.redd.it/7wrilfuep7p71.jpg?width=577&format=pjpg&auto=webp&s=3ca394a91b53f968b2680ab908d34c25b7eb245b + +Yeah, you twisted ape, I know about that AND your furry pr0n collection, but that's a topic for another time. + +This post is gonna be about what I discussed about "affiliate transactions" in Citadel's financial statements in this post: + +[https://www.reddit.com/r/Superstonk/comments/p73nx2/they\_see\_me\_accountin\_they\_hating\_a\_look\_into/](https://www.reddit.com/r/Superstonk/comments/p73nx2/they_see_me_accountin_they_hating_a_look_into/) + +and how this potentially makes estimations about price movements based on observations in the options and derivative market at least less reliable. + +Spoiler Alert: + +https://preview.redd.it/9eh5h2iis7p71.jpg?width=576&format=pjpg&auto=webp&s=054d40b00cbaac7000162992ea89ae5f3246625d + +Disclaimer: I am heavily retarded, don't trust me and this is not financial advise. I bought a ladder to go to high school, bruh, that's how bad it is. + +Did I write something wrong? Drop a comment, always happy to edit this post. + +tl;dr: At the end of both sections, you lazy ape. + +Let's fucking go. + +**FACTS** + +Check out my other post about information contained in Citadel's Financial Statements, I linked it above. A particular statement really caught my eye: + +https://preview.redd.it/hxc3b7v0t7p71.png?width=440&format=png&auto=webp&s=a0493751a04902ea4f0771b552d2bdf0d443ca85 + +The Company being Citadel Securities LLC, as this is taken from their 2020 Financial Statement. + +So, why would you find such statement in a financial report? Would Citadel put this there in order to tell the world that some rules can be bend when playing with yourself? Hell no... That's because there is an auditor that actually digs through your shit to check if there is shit worth mentioning. This is how it looks in the financial report: + +&#x200B; + +https://preview.redd.it/qjzlinv2u7p71.png?width=810&format=png&auto=webp&s=77c21a8cd4110383a14faaad39438b1d48c9f889 + +The auditor in this case being PricewaterhouseCoopers. + +So, does this guarantee that an auditor will write down everything they come across during the audit? Of course not, because there is a very weird relationship between auditor and auditee: the auditee pays the auditor for their audit, so an auditor is also incentivized to not completely upset his customer. Yeah... it's weird and always has been so and according to some fairy tales, a lot of scandals could have been prevented if the world would find a better way to solve that. + +Anyway, let's continue. + +I believe this statement is there for a reason and should be considered as relevant (like actually everything in a financial statement). + +Ok, let's check what related parties and affiliates are. That's financial speak for friends and family. And, man, that's a big ass family over there at Citadel. The financial statement alone names around 6, if you look at the SEC page of Citadel Securities LLC, you will find related sec filings for a lot more: + +&#x200B; + +https://preview.redd.it/urow4xomv7p71.png?width=977&format=png&auto=webp&s=6f276d0799729c8a502ea1359ad58eb619f0604d + +Relating to the topic of this post, I would like to point out two specific entities, namely + +* Citadel Securities Institutional LLC (CSIN) +* Citadel Securities Swap Dealer LLC (CSSD) + +So, what is the business of those 3 brothers? + +Citadel Securities (the company that made that statement in their annual report) engages in "market making and liquidity provision in U.S. options, equities, government securities, and foreign exchange products, as well as trade execution." And let's not forget, that Citadel Securities is the market maker for GME as well, enjoying a couple of exemptions when it comes to short selling. + +CSIN is an affiliated broker dealer, that engages in "options order routing as well as trades U.S. government securities and equities with institutional and broker and dealer clients." + +CSSD is an affiliated swap dealer. + +Oh, interesting. Those brother are involved in the derivative markets, writing options, swaps, whatever. + +&#x200B; + +https://preview.redd.it/bbwgsubyw7p71.jpg?width=828&format=pjpg&auto=webp&s=94e6453f0398b3cc94711b3ca697b27071e8f970 + +**tl;dr:** Citadel is a big family, the brothers and sister are involved in market making of a huge variety of securities, including equities, options and other derivatives. The financial statement of Citadel Securities LLC tells us that if they trade between each other, they might have their own set of rules, and that their own set of rules might differ substantially ("material difference") from the rules in the market. + +**Conclusion** + +So now that we leveled the playfield, let's play fucking ball. The following are conclusions that I have drawn based on my observations. There has been extensive DD shared in here about hiding FTDs through derivatives, expecting certain dates for roll-overs which should relate to price action. + +This DD is magnificent research, no fucking doubt, and definitely beyond my understanding in my cases (looking at people like u/Criand obviously) and the conclusions might be correct, if we can assume that those derivative contracts are made under normal market provisions. We know as a fact from their financial statement, that if Citadel is playing with itself, that doesn't has to be the case. + +Here's a couple of examples where I believe this might be relevant: + +"Look at the fucking huge gamma ramp! The call writers will need to hedge this before it goes fucking boom!" - Might be true, but what if I told you that hedging in a family transaction might be done in another way that you expect it (namely not by MM buying shares?). I don't know: "Bro, if I ask nicely and pay you a beer at the bar, will you not execute your calls?" While pocketing the premiums of people jumping on the bandwagon because of option play analysis. + +"Futures need to be settled at this and this date." Does this hold true even if the buy and sell side can set their own rules when it helps their cause? + +**tl;dr:** I don't think that you can reliably predict price movement based on derivative markets, if the players themselves state that the terms set in transactions among themselves might not be the same as those that would result from transactions among unrelated parties and **such differences could be material** (=substantial). + +&#x200B; + +That's it, apes. It seems to me that there's no reason for trying to outsmart somebody in the derivative market, if👏he👏actually👏told👏me👏 that he's not going to play by the rules. + +All of this, however, does not change anything on the big picture. Shorts have not closed, hedgies are fuk't. + +Buy. Hodl. DRS. This is my way. + +Apes together strong. + +\[insert rocket emoji here\] +Wass'up? + +My name is u/delicious_manboobs and you might know me from boring you out of your mind with posts including walls of text about financial statements. + +&#x200B; + +https://preview.redd.it/7wrilfuep7p71.jpg?width=577&format=pjpg&auto=webp&s=3ca394a91b53f968b2680ab908d34c25b7eb245b + +Yeah, you twisted ape, I know about that AND your furry pr0n collection, but that's a topic for another time. + +This post is gonna be about what I discussed about "affiliate transactions" in Citadel's financial statements in this post: + +[https://www.reddit.com/r/Superstonk/comments/p73nx2/they\_see\_me\_accountin\_they\_hating\_a\_look\_into/](https://www.reddit.com/r/Superstonk/comments/p73nx2/they_see_me_accountin_they_hating_a_look_into/) + +and how this potentially makes estimations about price movements based on observations in the options and derivative market at least less reliable. + +Spoiler Alert: + +https://preview.redd.it/9eh5h2iis7p71.jpg?width=576&format=pjpg&auto=webp&s=054d40b00cbaac7000162992ea89ae5f3246625d + +Disclaimer: I am heavily retarded, don't trust me and this is not financial advise. I bought a ladder to go to high school, bruh, that's how bad it is. + +Did I write something wrong? Drop a comment, always happy to edit this post. + +tl;dr: At the end of both sections, you lazy ape. + +Let's fucking go. + +**FACTS** + +Check out my other post about information contained in Citadel's Financial Statements, I linked it above. A particular statement really caught my eye: + +https://preview.redd.it/hxc3b7v0t7p71.png?width=440&format=png&auto=webp&s=a0493751a04902ea4f0771b552d2bdf0d443ca85 + +The Company being Citadel Securities LLC, as this is taken from their 2020 Financial Statement. + +So, why would you find such statement in a financial report? Would Citadel put this there in order to tell the world that some rules can be bend when playing with yourself? Hell no... That's because there is an auditor that actually digs through your shit to check if there is shit worth mentioning. This is how it looks in the financial report: + +&#x200B; + +https://preview.redd.it/qjzlinv2u7p71.png?width=810&format=png&auto=webp&s=77c21a8cd4110383a14faaad39438b1d48c9f889 + +The auditor in this case being PricewaterhouseCoopers. + +So, does this guarantee that an auditor will write down everything they come across during the audit? Of course not, because there is a very weird relationship between auditor and auditee: the auditee pays the auditor for their audit, so an auditor is also incentivized to not completely upset his customer. Yeah... it's weird and always has been so and according to some fairy tales, a lot of scandals could have been prevented if the world would find a better way to solve that. + +Anyway, let's continue. + +I believe this statement is there for a reason and should be considered as relevant (like actually everything in a financial statement). + +Ok, let's check what related parties and affiliates are. That's financial speak for friends and family. And, man, that's a big ass family over there at Citadel. The financial statement alone names around 6, if you look at the SEC page of Citadel Securities LLC, you will find related sec filings for a lot more: + +&#x200B; + +https://preview.redd.it/urow4xomv7p71.png?width=977&format=png&auto=webp&s=6f276d0799729c8a502ea1359ad58eb619f0604d + +Relating to the topic of this post, I would like to point out two specific entities, namely + +* Citadel Securities Institutional LLC (CSIN) +* Citadel Securities Swap Dealer LLC (CSSD) + +So, what is the business of those 3 brothers? + +Citadel Securities (the company that made that statement in their annual report) engages in "market making and liquidity provision in U.S. options, equities, government securities, and foreign exchange products, as well as trade execution." And let's not forget, that Citadel Securities is the market maker for GME as well, enjoying a couple of exemptions when it comes to short selling. + +CSIN is an affiliated broker dealer, that engages in "options order routing as well as trades U.S. government securities and equities with institutional and broker and dealer clients." + +CSSD is an affiliated swap dealer. + +Oh, interesting. Those brother are involved in the derivative markets, writing options, swaps, whatever. + +&#x200B; + +https://preview.redd.it/bbwgsubyw7p71.jpg?width=828&format=pjpg&auto=webp&s=94e6453f0398b3cc94711b3ca697b27071e8f970 + +**tl;dr:** Citadel is a big family, the brothers and sister are involved in market making of a huge variety of securities, including equities, options and other derivatives. The financial statement of Citadel Securities LLC tells us that if they trade between each other, they might have their own set of rules, and that their own set of rules might differ substantially ("material difference") from the rules in the market. + +**Conclusion** + +So now that we leveled the playfield, let's play fucking ball. The following are conclusions that I have drawn based on my observations. There has been extensive DD shared in here about hiding FTDs through derivatives, expecting certain dates for roll-overs which should relate to price action. + +This DD is magnificent research, no fucking doubt, and definitely beyond my understanding in my cases (looking at people like u/Criand obviously) and the conclusions might be correct, if we can assume that those derivative contracts are made under normal market provisions. We know as a fact from their financial statement, that if Citadel is playing with itself, that doesn't has to be the case. + +Here's a couple of examples where I believe this might be relevant: + +"Look at the fucking huge gamma ramp! The call writers will need to hedge this before it goes fucking boom!" - Might be true, but what if I told you that hedging in a family transaction might be done in another way that you expect it (namely not by MM buying shares?). I don't know: "Bro, if I ask nicely and pay you a beer at the bar, will you not execute your calls?" While pocketing the premiums of people jumping on the bandwagon because of option play analysis. + +"Futures need to be settled at this and this date." Does this hold true even if the buy and sell side can set their own rules when it helps their cause? + +**tl;dr:** I don't think that you can reliably predict price movement based on derivative markets, if the players themselves state that the terms set in transactions among themselves might not be the same as those that would result from transactions among unrelated parties and **such differences could be material** (=substantial). + +&#x200B; + +That's it, apes. It seems to me that there's no reason for trying to outsmart somebody in the derivative market, if👏he👏actually👏told👏me👏 that he's not going to play by the rules. + +All of this, however, does not change anything on the big picture. Shorts have not closed, hedgies are fuk't. + +Buy. Hodl. DRS. This is my way. + +Apes together strong. + +\[insert rocket emoji here\] +We see talk about rising rates with the FED claiming they don't want to raise interest rates too fast causing a recession. Wouldn't raising rates to the point they need to be 9-11% cause the USA to become insolvent due to debt payments becoming so large that the only way to pay the bills will be to print more money causing hyperinflation? +Do stock prices and returns on investment tend to decrease in competitive markets over time as new firms enter and lower prices and profit margins? With less profit, not enough money is available to pay to investors. + +Am I thinking of this incorrectly? +I listened to their take on Sweeden being socialist and I am skeptical. They say Nordic economics (social democracy) can not work in places with too much diversity. This is essentially the white supremicist point of view. The idea that the more white a country is, the better it’s values. They neglected the fact that most Americans ARE on the same page but the electoral college makes Republican votes worth more. The rest of their stuff sounds quality though so I don’t know if it’s a good source. +I don't understand if the government has the power to control the supply of money then why take taxes at all? Just keep some money for yourself before issuing new money. +I have a feeling I should be checking out books on economic history, but I don't know where to start. Also, could you clarify your own school of thought (you wouldn't dissuade me from pursuing your recommendations, but you would give me some context as to what I should expect). +i just started studying economics, so please bear with me for not knowing what these are. i just couldn’t understand the terms and the difference and just everything. i asked our professor to explain with more details but he gave me a pizza example only confusing me more. +Pretty much the title. He says he lives in central Connecticut; specifically Cheshire + +Edit: For better perspective, here is a direct quote from him: + +> a vast majority of people here make $100k a year, which is conisdered low class. There are people here that are multi-millionaires and that's pretty common. There are a vast majority of people that make $300k and higher, up to millions per year + +> the middle class here makes about $250k +I find it odd that most economists generally believe that the economy should be handled by profiteers rather than academics. + +Why is central planning so soundly rejected by Western economists? Wasn't it necessary to industrialize Russia and South Korea? +I've heard of top-down economic development, which some economists derisively call "Trickle Down". Is what happened in China the opposite of "Trickle Down Economics", or what some people derisively call "communism?" +Curious if anyone can explain how owners equivalent rent is more effective then actual rent/home prices to gauge shelter costs in the CPI. + +For those that don't know what OER is, it's basically a random survey of home owners and they are asked to guess what they would rent their home for: + +"If someone were to rent your home today, how much do you think it would rent for monthly, unfurnished and without utilities?" + +The latest shelter numbers came in below the overall CPI. Other major measurements most recently came into double digits. If actual shelter prices were counted in the CPI, the CPI would be much higher. +I just received a lovely promotional email letting me know that Vimeo has gone public. The way the email was phrased makes it seem that going public is a big moment for a company. + +In which case, why would a large company *not* go public? What does a company sacrifice when it chooses to go public? Can changes in the company be experienced by consumers after it has been publically listed - i.e, is the company's management effected by this move? And, therefore, will the way the company evolves and changes be very different than if the company had remained private? +In Boiler Room there is a call center of people pumping up a stock for a Corp with an imaginary product. The call center lies to investors about the product’s capability. + +Let’s say I do have a product and I make claims about it. If I use the word “potential” to solve X issue, is the boiler room practice still illegal? + +I’m not trying to commit fraud myself, but is the fraud in the claims made about the product? +Not through the lens of the harm of the criminality on society, but what favors the criminal activity, how criminal organizations obtain their money, where their money comes from, the best policies for them, which kind of crime has the best benefit for the criminal, less cost, what government does that help them, and anything else +This in part originates from a discussion i had with my teacher who claimed that Chile's economic succes was the result of protective tariffs and investment barriers. I thought this sounded wrong becuase i'd read that it was trade liberalisation that had made Chile succesful. I thought maybe he could be right if the Infant Industry Argument applied. +I don't understand the point of microeconomics. What I understand is it's about the allocation of scarce resources, decision-making, incentives, rationality of economic actors (or lack of). But don't these topics fall within the field of psychology rather than needing their own field? I understand the point macroeconomics, which is analyzing the whole economy, but I don't understand why we study microeconomics. +Hello everyone, I came here following the rules of subreddits, and maybe this isn't even allowed here but the mods will probably remove it if it violates any rules. Now, onto business. Is it possible to learn economics, or at least the basics of economics by yourself, and what level of mathematics is necessary to get into it? Any information about this would be greatly appreciated as well as tips, reading suggestions or personal experience. Thank you +Title says it all, to add more color - Indian farmers are vehemently protesting against govt. laws which abolish Minimum Support Price. For the unfamiliar, MSP is a floor price offered to farmers by the govt, regardless of the demand supply curve. Although this system has severe side effects such as artificial market of a few crops while others are ignored, abolishing this would certainly lead to ruin of several million farmers who are disadvantaged by the very nature of long term investments in agriculture vs spot price fluctuations of this sector. I also know for a fact that Agriculture is heavily subsidized in the US, where govt. pays farmers not to cultivate and subsidies exist in some form or the other across the developed world. So the key questions is - Is large scale farming viable without subsidies? +I came across this piece today, [Confronting the Parasite Economy](http://prospect.org/article/confronting-parasite-economy), and having only a basic college Micro/Macroecon background, I have a lot of questions and not a lot of expertise. + +How fair and accurate are the author's claims in this article? In specific: + +* The author implies that fast food companies/Walmart are examples of the free rider problem. Is this is a misappropriation? +Is it fair to consider welfare to be a subsidy to low-wage businesses? Would the businesses realistically be forced to change their model and pay more if their labor wasn't being "subsidized"? + +* "Manufacturing workers earned middle-class wages because they were unionized, and as their bargaining power declined, so did their incomes." Isn't this because manufacturing left areas where unions were powerful? Would manufacturing have anywhere near the presence it currently has in the U.S. (particularly in the South) without right-to-work laws? Is it fair to make the argument that, based on the statistic the author cites just before this, that something like 1/3 of manufacturing jobs would simply not exist otherwise? + +* Similarly: "employers have relentlessly exploited this power imbalance, eroding labor’s share of the economy from an average of 50 percent of GDP between 1950 and 1980 to a ten-year-average of only 43 percent today, while profits’ share of GDP has risen by a similar amount." Once again, how tied is this to the loss of manufacturing? Also, 7% is actually a lot less than I would have guessed. + +* Is there information being omitted from the Sam's Club v. Costco comparison that would complicate the picture? + +* If the author claims that they couldn't compete if they raised their wages and their competition doesn't, aren't they implicitly acknowledging that a higher minimum wage raises the cost of goods in a burdensome way? Doesn't that completely undermine his argument? + + +I guess the big picture question centers around the claim that "This is a ridiculously inefficient way to run an economy." Could we really just eliminate most welfare spending if corporations were made to pay their employees more? Would those companies survive? Does that amount of money exist in the "parasite economy"? + + +I really appreciate the time and expertise you'd be willing to put into answering any/all of my questions! + +By dumping I'm referring to when a company sells products in a foreign country at a significantly lower price than they do in their own country (and presumably also at a lower price than all the other suppliers of the same product in that foreign country). + +What reason does a company have to do this? Even assuming no anti-dumping tariffs are in place in the foreign country, the company only stands to lose, and they may have to sacrifice their presence domestically or in other countries to supply the dumping venture. +For example, in the Solow model of growth, it is just assumed that savings is a constant fraction of income so that we can isolate the effects of capital and technology growth on economic growth. would this simplifying assumption just be an example of holding all else constant \(such as changes in consumption/saving behavior\), and purely isolating the effect of changes in capital stock etc? I know there are more involved models out there, but I am assume making these simplifying still have good descriptive content +Will the increase in demand will raise the prices? Or the sellers will have to increase their supply so they can keep up, thus lowering prices. Also, do you see lithium as a good investment in the future? +I've noticed that lots of people (institutional and general public) seems to wait for the Fed chair to speak and then disagree with what was said. For example Jerome Powell's use of the word "transitory" when talking about inflation. A lot of people seem to disagree with this. Regardless of whether you agree or disagree it seems like this is better served by a quantitative argument rather than a purely verbal/qualitative argument. + +Has the Fed produced a formal mathematical rationale for why Jerome Powell believed inflation was "transitory" or any of their other beliefs and policy decisions? I'm aware of some of the info put out by the different Fed branches but it doesn't seem to directly relate to what the Fed will speak on in their talks. Maybe it is but I'm just looking for the wrong sources. + +TL:DR Rather than listen to the Fed give their conclusions I'm more interested in seeing their scratch work. Where is the best place to find it? +Link to skit: https://www.instagram.com/p/CPGEjfSARHG/?utm_medium=copy_link + +I am struggling to believe this would increase GDP, but I can't think of a counterargument why it wouldn't. Any answers are appreciated! +The electoral college seems to result in a chess match kind of strategy among candidates to win key states. Describe it as you like, but candidates emphasize or basically ignore states based on the size of their electoral vote and the likelihood it will be won or can be flipped. + +The last 20 years has seen more controversy over the electoral college. Two of the five winners of the electoral college that lost the popular vote for the Presidency in US history have occurred in the last 20 years and there are reasonable criticisms of the fairness of elections where the winner of a majority of votes cast does not determine the election. + +There are some criticisms of a popular-vote only campaign that suggest candidates would just focus their energy on populous regions and still ignore other less populous states, sort of the obverse of the electoral vote strategy. The counter to this would be that every vote would matter and candidates might be forced to try and win votes in states they are likely to lose the statewide popular vote. + +Is there a financial economics explanation for why the electoral college might persist? Does it reduce the cost of running for President, allowing campaign dollars to be allocated more efficiently vs. a popular vote campaign? + +Sorry in advance if this is too political science related, but as an actual political science graduate I'm plenty familiar with the political science arguments between the Presidential electoral systems. But I wonder whether the persistence of the electoral college can be explained at least in part by some kind of financial efficiency by reducing the campaign to a group of key swing states. + +Regardless of the economics, I suspect the political influence of the swing states in the electoral college system likely prevents it from every being changed regardless of the financial economics involved. +My friend is a big Andrew Yang supporter, and recently sat me down and explained the Dividend and the VAT that would pay for it. + +My main concern when chatting with them was the affect of *everyone* getting $1000 a month was things like inflation of prices. + +Examples being My landlord knows I'm $1000 richer, what's stopping them from raising my rent $1000 more? Coca Cola knows that everyone has more money, what stops them or any other Consumer Goods company from raising their prices proportionally? + +Would there really be a net gain for US Citizens under this plan or would it be captured by corporations? +According to the Fed’s November 2019 balance sheet report, the Fed has $3,969 billion in total assets, $3,929 billion in liabilities and therefore $39 billion in total capital (is it correct to view this as equivalent to shareholder equity in a regular bank?). + +So what would happen if the Fed had to write down its assets to <$3929 billion (I’m not sure if it would matter if the write down was because the market value of its securities decline or say the mortgage backed securities defaulted)? + +Would the impact of such a scenario be different if it wasn’t the Fed in question but instead was the central bank of a developing country? +My thought is like this, inflation is a general price increase, price increases whenever there is a higher demand or lower supply. Government spending and injecting money in the economy causes demand to increase, therefore wouldn't cutting spending be as effective to combat inflation as increasing interest rates? + +I'm not a conspiracy theorist, but this kind feels on purpose. Spending to cause inflation through an increased demand, and then raising interests rates to take money out of the market as well breaking small business that can't handle high interest. Centralizing the economy more and more with each cycle. +Hello. It was my goal for a while to read Wealth of Nations by Adam Smith. I finally finished it about a year ago, but I realized when I was almost finished, that it looks like I was reading an abridged version. The one I read is by Wordsworth Editions Limited and is from 2012. I read it on my Kindle. I know it might not have much practical use, but I wanted to read the complete book. Do you think it's worth it for me to do that? If so, is there a way I can find what chapters the limited edition was missing so I don't need to read the whole thing again? It took years for me to read what I did! +Sorry if this is a newbie question, but I just can't seem to wrap my head around how Japan is such a big powerhouse while also having the highest dept to GDP in the world. Is having high dept to GDP only good for the short term, or is that completely unrelated? + +Thanks for your time! +Foe example, would it help you if you were a business owner? Who would it help? What benefits are there? Why should someone study it outside of working in the field? + +&#x200B; + +The only answer I can think of is "for your enjoyment". Other than that, why would/should anyone study it. +Market socialism seems to solve the main problem that afflicted command economies: lack of economic accounting. + +The idea that managers can "purchase"/bid for inputs under a market socialist framework seems to solve much of that issue, as is the idea under market socialism that managers/workers of the specific factory be remunerated if they produce the output at lower costs. +Non-native English speaker here. + +The people in the digital nomad community claim that by earning money from a developed country like Australia in Australian Dollars while living in a low cost of living country like Argentina, they can have a higher standard of living and quality of life then if they lived in Australia. They say they will have much more disposable income, the same quality of healthcare for complex problems and better and bigger lifestyle. + +They call this geoarbitrage. So for instance, someone who earns AUD 50,000 annually from a small ecommerce shop selling products in Australia, will live like a king in Argentina. + + +Now my question is, from an economist's point of view is this true? If you earn in a developed economy while living in a low cost of living country will you really be much more rich? +I'm trying to work out if investment bankers/portfolio managers/traders can work for government. Like, does the government employ people (e.g. through a company) to do the same work as private investment bankers/portfolio managers/traders but with the aim of raising capital or making money for the government? Thank you for any answers! +When the U.S. is already in debt, how is it possible to keep spending 2 trillion dollars on various rescue plans, etc. They are now talking about another 2 trillion on infrastructure. What are the long term effects of this kind of deficit spending? +I found a recommendation for the book "Sacred Economies" by Charles Eisenstein in another subreddit, and the synopsis sounds really interesting. I went digging for more info on the author, and he seems to write on a very wide range of topics, which threw up some red flags. I also could find very few reviews of his work by economists or historians. Is anyone here familiar with his work and able to shed some light on his trustworthiness when it comes to economics? +I mean - yes we can create new jobs etc, but people who are doing sth related to weed could do sth different. This job in not necessary for humanity. Why we can look at it like we were creating some kind of 'hidden unemployment'. + For something to be a public good it has to be non rivalrous and non exclusionary. + +Since music is now digital is the potential to make near infinite copies without any cost. unlike CD's where there is a finite amount digital copies. Therefore its non rivalrous, one person owning a MP3 file doesn't inhibit anyone else from owning a file. + +It is non exclusionary. a consumer can easily put albums on youtube and pirating sites. (in fact most artists embrace this and put albums on streaming services.) The costs of policing the internet are too high for it to be worthwhile to undertake. Therefore anyone can experience any song for free with little effort. + +A lot of people say public good will be underproduced by the free market yet today we are seeing more musicians than ever. (of course this is also due to a lower cost barrier to entry due to ease of recording now as compared to the past.) If anything music is overproduced. Doesn't this disprove that notion and prove public goods can be produced by the market as opposed to the state. +Economics question based on the [Bank of Canada's report](http://www.bankofcanada.ca/wp-content/uploads/2017/12/san2017-26.pdf) on minimum-wage increases in several Canadian provinces. + +Abstract: + +> This note reviews the channels through which scheduled minimum wage increases over the coming years may affect Canadian economic activity and inflation and assesses their macroeconomic impacts. From reduced-form estimates of direct minimum wage passthrough, we find that consumer price index (CPI) inflation could be boosted by about 0.1 percentage point (pp) on average in 2018. A structural general equilibrium simulation suggests that minimum wage increases would reduce the level of gross domestic product by roughly 0.1 per cent by early 2019 and boost CPI inflation by about 0.1 pp. While the net impact on labour income would be positive, employment would fall by 60,000—a number that lies in the lower part of a range obtained from an accounting exercise (30,000 to 140,000). Consumption would decline because higher inflation would elicit a slight interest rate increase, which would more than offset the higher labour income. Potential output should remain unchanged in the short run. Longer-term effects are possible through automation, productivity gains or participation in the labour force, but the signs of these longer-term effects are ambiguous. + +Are we able to deduce from this that there will be a positive or negative change in the overall welfare of minimum-wage earners? Or do we simply not have enough information at this time. + +It states that total consumption declines because decreased spending caused by higher inflation is more than the increased spending caused by higher incomes for minimum wage workers. Thus, we still need more information before evaluating the overall welfare of the minimum-wage workers, correct? I am speaking outside of the realm of potential job losses that the BoC is predicting. + +Thank you for any answers in advance. +I've been thinking a lot about this refugee thing, and I looked up how many people would move to the US if they had the chance. It turns out the number is somewhere around 150-165million, which is about half of the current US population. +http://www.gallup.com/poll/153992/150-million-adults-worldwide-migrate.aspx +^source +Anyways, I know that from Econ 101, more immigration is good. More immigrants = larger labor supply = more capacity for growth. I also understand that the argument that immigration lowers native wages isn't necessarily true, because while immigrants increase the supply of labor, they also increase the demand for labor too, because they're humans and they consume things. And of course, we can always take some of the tax dollars that we get from the GDP boost and help out the few native born Americans that ARE displaced. +However... +The problem that is the hardest to deal with is the question of infrastructure. If 150million people came to the US over the course of a few years, they would be immediately homeless. Apartment buildings can't be built overnight, and many cities, like my hometown of Portland OR, have stupid building restrictions that prevent many apartment buildings from being built. Then there's transportation infrastructure. This many new people would require massive investments in public transit, roads, bridges, and highways, and none of that can occur over night either. The last two areas I see being effected are education and healthcare. I've volunteered at summer camps for children who are learning English. It appears to me that we're already doing a terrible job educating these kids, and I can't imagine how much worse we would do with more kids. Finally, emergency rooms at hospitals would need to be expanded. None of this can happen very quickly. Given these constraints, is there an optimal number of immigrants to let in each year? Or am I overblowing these concerns and the massive economic gains we would achieve would dwarf these problems? Has there been an economic study on this question? +For example, a question I posted on another sub devolved into a flame war about "Venezuela is actually very capitalist": https://www.reddit.com/r/CapitalismVSocialism/comments/ufxsl0/can_communists_explain_how_the_ussr_was_a_major/i6w8rf2?context=100 + +Other people I've debated also claim that Venezuela is actually a capitalist nation: https://www.reddit.com/r/changemyview/comments/cxbbgi/cmv_many_proequality_gestures_and_events_are/eykf041?context=100 + +But on the other hand, Venezuela has a low [Economic freedom score](https://en.wikipedia.org/wiki/Index_of_Economic_Freedom), and its government is well-known to [expropriate businesses on a whim](https://youtu.be/7_mThYXDr_s). + +So do economists consider Venezuela a capitalist nation and at what point does a country stop being capitalist anyway? +It occurred to me that some level of corruption, might help an economy grow faster. I'd imagine that too much corruption would have negative impact (I guess like a monopoly), but maybe some helps 'grease the wheels', so to speak ? +My dad sees the new tax cuts as an excellent opportunity to invest. However, I am a little more skeptical. Are there similar examples of previous tax cuts from which I could learn? What happens when the government introduces tax cuts? Lastly, is there anything today that would create a different result from situations in the past? +Assuming the average US income of $59k, the 12.4% employer and employee Social Security contribution could be worth $8 million dollars if invested in the stock market. For rate of return, I used the S&P 500 which grew from $5.02 to $238.48 over its life of 38 years. I'm probably missing some details or whole concepts. Please correct. If these assumptions are correct, I wonder about the implications of so much more money going into the stock market or other capital investments. Thoughts? Thanks. +I was having an argument with a Marxist-Leninst the other day on whether Sweden or Denmark were imperialist countries. He pointed me towards this blog post [The Economics of Modern Imperialism](https://thenextrecession.wordpress.com/2019/11/14/hm2-the-economics-of-modern-imperialism/). How credible is the blog post and can we really measure imperialism using economics? +My current understanding is that prior to Adam Smith, the mercantilists believed that the wealth of the world was fixed and that countries must impose tariffs to control the largest piece of the pie. The most profound part of Smith's thought is the idea that wealth can grow, that we all can enjoy a piece of an ever-growing pie. + +Here are my questions related to that: + +Logically speaking, what is stopping us as a civilization from achieving unfathomable amounts of wealth? Is it an energy problem(As in someone has to work to produce it)? + +Printing money cannot be the solution as it just generates hyperinflation. Therefore, what is the kerosene that can grow an economy? + +Is it a policy problem? Do we just need good laws to promote economic growth? + +Or is it a technology problem. Do we just not have the technology to produce enough goods? + +Basically, why do we not already live in a post scarcity world? Wealth is not fixed, so what is the major roadblock preventing us from achieving it? +Curious if anyone's got opinions on / thinks there is a possibility of inflation / CPI being artificially inflated due to the tariffs now (and soon to be) in place (speaking with respect to the US) + +My thinking is that if CPI is not adjusted for price increases due to things like tariffs, and the measure is looking purely at price changes of a basket of goods, than tariffs introduced on those goods will impact CPI. This could / would cause inflation to increase even with no net gain in economic activity. Fed will respond by raising rates, which could be a bad thing. + +The alternative (I think) is that what people are willing to pay for goods doesn't change, so inflation does not change, and producers are forced to eat the costs of tariffs (lower profit margins). Result is reduced economic activity. Inflation unchanged, so Fed is not in a position where they need to raise rates - though that doesn't mean they wont. + +Seem right? Thoughts? +I don't think Soviet Union had any recessions unlike America and other capitalist countries which have recessions every 10 years. Did the Soviet Union have continuous positive growth? +I'm trying to understand how housing prices are so high nowadays, and I'm at a loss to figure out where the money is coming from! + +In the U.S., the median household income is $67,000 a year, but the median home price is $375,000. Given that most economists recommend spending no more than 2.5x your annual income on a house (which would be $168,000 on a $67,000 income), where is the money coming from to drive the housing cost increase? + +Does this mean that most households are priced out of the market and forced to rent? Are investors and/or people with multiple homes driving up costs? Are people just taking out way more debt than they can technically afford? + +Can anyone shed any light on how housing costs relative to income can continue to be so high, and seem to be getting even higher? +I am passionate about economics and only 30 credits away from a undergraduate degree in it and now I'm looking towards my graduate degree. Behavioral economics is my most favorite sub field and for a time I thought it was the most applicable. However I recently had the pleasure of sitting down with a economics professor who was advising me that econometrics has more opportunities +Hello I’m doing economics research in R with Census data, and unfortunately the 5% sample is too large for my Mac RAM to handle. My supervisor doesn’t know R. + +There must be a way to work with 5% samples in R. How have you guys gotten around this? +Walmart would own both Costco and Sam's Club (~90% of the warehouse club market share). + +Are warehouse clubs weighted against other warehouse clubs (really just BJ's, Sam's, Costco), or are the weighted against other brick-and-mortar retailers when it comes to antitrust? + +Thanks in advance +Just as a note, I'm not the most educated on economics in general, not even half way through Basic economics by thomas sowell. + +So Ive started a bit of digging into keynesian economics, and it seems, from what I've observed that when a country is going through, or is about to go into a recession the government will spend more money which will somehow make up for the recession, and the time period afterwards will be spent paying off any debt that has occured while spending so much money. People have pointed out that this system does work through the 2008 stock market crash. I just wanted to ask about the validity of all that. + +Also, it seems that they keynesian theory is that the economy is completely driven by demand, which I don't think is entirely true, isn't it through creating new products and services? +Is immigration control fair in keeping the Swede's income high and precluding free market competition? Are the Indian drivers underpaid or the Swedes overpaid? +I apologize for using layman terms, but I think everyone should understand what I am talking about. + +Reagan cut taxes for the rich, based on that notion that they would buy goods and services from the rest of us, and invest in businesses, to make the rest of us richer as well. + +I saw an comment on r/Economics explaining that it didn't work because the economy is not closed off, the rich can invest and their money in other countries. So other countries benefitted from the wealth that "trickled down". + +To me, this explanation seems to make sense. Am I correct or not? +His points mostly rest on the idea of the housing market imploding, baby boomer generation defaulting, US isolationism... meanwhile I'm of the mindset that the US government should at most start re-regulating and or trustbusting (over time) businesses that have a proclivity to monopolize (telecom, rail, healthcare) or at very least changing their approach (for instance changing how AmTrak does business by renting the tracks to commercial companies). +My current understanding is that prior to Adam Smith, the mercantilists believed that the wealth of the world was fixed and that countries must impose tariffs to control the largest piece of the pie. The most profound part of Smith's thought is the idea that wealth can grow, that we all can enjoy a piece of an ever-growing pie. + +Here are my questions related to that: + +Logically speaking, what is stopping us as a civilization from achieving unfathomable amounts of wealth? Is it an energy problem(As in someone has to work to produce it)? + +Printing money cannot be the solution as it just generates hyperinflation. Therefore, what is the kerosene that can grow an economy? + +Is it a policy problem? Do we just need good laws to promote economic growth? + +Or is it a technology problem. Do we just not have the technology to produce enough goods? + +Basically, why do we not already live in a post scarcity world? Wealth is not fixed, so what is the major roadblock preventing us from achieving it? +This may be a mighty stupid question and I'm prepared to be told so. + +The old truism is that the value of something is whatever someone will pay you for it. + +Let's say that we are given a thousand bottles of a rare vintage of wine. How do we value it? One method is mark to market. Sell one bottle, now you know what the other 999 should be worth. Makes sense. And your accountant would allow it. But they're not really worth that, right? If I were to put them all on the market tomorrow I'd likely flood it and drive the price down. Ok, so I should sell them off slowly. Sure, that might work. But it makes the valuation a nebulous concept, right? If I can't sell something for what it's worth, is it really worth it? + +Back in the first internet bubble Yahoo had a higher market cap than GM. That struck me as ridiculous. We're talking about an office building full of programmers and servers vs. tens of thousands of workers on the line, in offices, engineers, plant and equipment and such. I mean on one level I understand this is the reality of it. An early investor in Yahoo could sell a billion dollars worth of shares and buy a billion dollars of GM and nobody will fault him for it. A beanie baby dealer could cash out at the top of the market and put the money in an index fund and profit comfortably while the bubble collapses and the people who bought those babies are left with pennies on the dollar. + +When I look at current real estate markets it feels a bit ridiculous. The house I grew up in is worth five times what my parents paid for it. Housing prices in general are rising faster than wages and the average household is having trouble buying in these days. The houses aren't any better than they used to be but the prices are high anyway. + +There's also the question of financialization where we've got so much of the economy tied up in moving pieces of paper around -- real paper or digital assets -- and it seems to have little bearing on the actual economy of physical things. A hedge fund manager can make two billion in personal profits and then go back to the real economy and buy two billion dollars worth of real stuff. If I make a billion gold in some massive multi-player online game, I can cash it out for real dollars on the black market but the exchange rate will be far less favorable. In a popular game like EVE Online, a billion in-game bucks is like $30 USD. (Exchange rate varies over time.) + +What it feels like to me is like we almost need different currencies to valuate these different assets so exchange rates can keep values from becoming too inflated. + +So, am I: +a) Repeating a crank idea that's floated from time to time +b) Saying something so stupid even the cranks won't touch it +c) Saying something too sensible to ever be enacted in the real world +d) Not listed above +d) Some combination of the above +Hi, just an average joe interested in learning more economics. + +I'm not sure if "exploitation of labor" has a specific meaning (I've heard it I think a few times from the Marxist circle). + +But by that, I really mean underpaying workers. + +Just arguing from principles of basic economics, if wage is determined by supply and demand and market clears, how can you ever say an employer is underpaying a worker, thereby exploiting him/her. + +In every day terms, if a wage is too low, a worker has the choice not to work for the employer. If not enough workers want to work for that wage, employer will raise the wage. Eventually, this will result in a wage that is agreeable between both parties. + +Doesn't this logic say that the market is always "just" or "fair" in this regard? (just to ask this question. of course my inkling is that it's not always right..) what am I missing? am I misapplying basic economics here? could you give me some theoretical explanation and scenarios in which there would be "underpaying" and hence government or someone should intervene to correct this (would this be a type of market failure)? + +Thanks! +There must be more to people with loans pay more, people with savings get more interest. + +What is the economic benefit to a country for raising it's interests rates, especially in the case of the UK at this point in time? +Can anyone explain me why it is a bad idea to tax capital? I have a limited understanding of econ, but as far as i know inflation is produced artifically to reward spending. But couldnt we instead not just tax capital? This could generate substantial amounts of tax returns for the government and would help the "small man" because he normally doesnt generate money through assets but labour. + +Could also be that im completely wrong, so please educate me :) +I recently heard about the "growth imperative" of capitalism, which means that the economy must grow to avoid recession / economic depression. Why is this, and why can't an economy stay at a constant GDP? +I have noticed that, under the right circumstances, a developed country's population declines (Germany, Japan, Lithuania, Estonia, Ireland). This sounds good, as it means there'll be more land for more people in the future, as well as more jobs and resources. It'll be a lot easier to combat poverty (I know that even the poorest in these countries are not poor in any way when compared to others in Latin America and Africa, but you get the point) with these advantages, right? +I mean both positive and negative. + + +I understand that the list is probably huge, so limit responses to externalities whose cost/benefit are noticeable on a nation level (Maybe $100 billion dollars and above per year. + + +The only reason GME is where it is right now is through blatant market manipulation. + +On January 28th GME was over $500 pre market. It had sensational momentum. Buying GME on the 27th at $300+ was not a bad play. GME had already gravity slingshotted round Earth and had blown past the moon, on course to leave the fucking Milky Way. The shorts were completely fucking fucked. They were done. Dead. Bags heavier than a dying star. About to be squeezed so hard they’d turn into hand shaped diamonds. And then suddenly they weren’t. + +It wasn’t fucking short laddering that saved them. It wasn’t fucking “hedge fund tactics.” It wasn’t synthetic longs. It wasn’t a bear raid (look it up, this is what they are actually doing ). It wasn’t cause gme was a silly meme play. none of this is what stopped the inter dimensional GME rocket. + +What saved them? Market manipulation. “They” (dtc/ brokers / clearing houses whoever) changed the rules and essentially banned buying the stock. They locked the (retail at least) market out of one side of a trade. The fuck? + +They didn’t halt the stock. + + +They didn’t suspend it. + + +The stock wasn’t halted by the exchanges. No That would stop all trading. + + +They just stopped people *buying*. Kill the demand and surprise! supply overtakes demand and price drops like your wife’s pants when her bf is in town. + +But why? + +If they hadn’t restricted buying? Well the shorts would be bankrupt. But they can’t let retail win. Specially fucking Reddit. Retail investors are idiots remember. Institutions are far smarter than that bunch. + +The big boys can’t have retail win. That’s preposterous. So just stop em buying. You do that to *any stock* and it would absolutely tank. Its mind blowing how blatant it was. + +But how do you halt buying without appearing be shitting in the swimming pool of regulation? Well luckily you are the DTCC. What you do is raise capital requirements from 2% to *100%*. Btw DTCC is run by a board of bankers. + +If any of you are familiar with regulatory capital and liquidity requirements, this is of course an absurd change to make. Let alone to make overnight. + +If you aren’t familiar with capital requirements, here’s a quick crash course. Banks typically need to hold 8/10% of their risk weighted assets in liquid assets. This means banks gotta hold 10% of their total shit in case shit goes poopoo. It means they can’t just spend all their fucking money on cocaine and gme shorts . This 10% is to cover shit like you taking money out your account to spend on gme. (And a whole lot of other stuff.) + +Banks go bust if every cunt turns up and wants their money out their account. This is called a run on the bank. No bank carries 100% of their deposits in reserve. Cause you can’t make money doing that. Also it’s stupid. Anyway. + +Now. That’s banks. That’s peoples money. Banks go bust world ends and no bankers goto jail apart from one dude who lives in Iceland. Banks need 10%. TEN. Want to buy a ticket on the GME Voyager rocket after it has reached terminal velocity? Sorry brokers, we need 100% now. Not our usual 2%. Lol guess you don’t have that kind of capital laying around at less than 24 hours notice.... whoops. Obviously no firm could fill a 98% hole in less than 24hrs. + +And why suddenly shift this requirement from 2% to 1 fucking hundred% you ask? + +Well this was all to get themselves and their buddy old pals out a terrible situation engineered through sheer unadulterated greed. So greedy that dumbfuck retail caught them with their dicks in the cookie jar. So bad that the clearing houses and DTCC didn’t want to pay for the gargantuan bags that were being held by the shorts. Because they’d have to. Someone had to pay and the shorts were, well, poetically the shorts were going to be short... A few billion dollars. + +So it turns out all you have to do to avoid being molested by the squeeze of the century is change the rules, very clearly manipulate the stocks price, and suddenly squeezeageddon is a little gentle hug. + +If this doesn’t show just how rigged the markets are, I don’t know what else could. Maybe a news story coming out that the DTC and large firms have a daily morning zoom call to literally decide what every single stocks opening and closing price will be every day, and then phone Cramer so he can say the opposite on CNBC. + +Everything else since the great buying lockdown is small fry fuckery. Remember this. + +But here’s the other thing. You think the boys at the funds hoarding short positions like they’re some kind of short dragon of Wall Street are going just go “well that was close, let’s close all our GME shorts now while we can?” No fucking way. I guaranfuckingtee they’re doubling down. They think GME is worth $0. They aren’t to stop until they’re right. Specially when they’re playing against “dumbfuck” retail and the investor known as Reddit. + +GME ain’t done yet. + +Hold. + +^Not ^financial ^advice. ^^^obviously. +The product is getting better and its at a discount. The binance listing is coming soon. Cross chain exchange is very important for the future of defi and rubic already has that working. +when you grow up poor, you really have to do everything perfectly i would like to add you are dependent on luck because theres so many outside things that can screw you bad, so many things you cant control. + +this is a bit of a rant growing up poor in the early 2000s + +you really had to had to make the most of every little good thing you had, one or two failures you can end up screwed. making mistakes while poor were very punishing. + +**housing**: hopefully you live in a safe area. this is a serious concern for many and can prevent you from achieving things. fear and anxiety are serious debilitating things. also hopefully you dont have a crappy landlord that doesnt fix things, provides enough winter heat, etc. + +**parents**: hopefully you don't have crazy parents, if you have both you already have some luck, and with more luck your parents can give you wisdom because education begins at home. + +**self esteem, confidence**: this is important, you really need this to make that decision to fight your poverty and believe you will get out with the right actions. another thing is poor people are treated like dirt, and get no respect or sympathy, and are brought up to feel ashamed, you need thick skin + +**extra dose of faith**: when you grow up poor, you notice many people around you fall, and stay poor. its scary to see your family, friends, end up in bad situations and it seems like you are next. you need everything, thick skin, self esteem, confidence, faith, mental strength because once slip into a tight situation you can be stuck there + +**education**: you really need to make that crummy k-12 public school education work. you need to break out of any immature mentally fast, you need to grow up fast, you cannot really afford to take it easy. one missed math lesson and it can be over right there. you need to distance yourself from crazy people who are on a fast track to prison, this is hard when you will meet so many people like that in poor schools. bullies and tough guys are the worst. i was not bullied but i saw them and that energy was so draining and depressing. + +**networks**: when you are poor you will probably lack networks. no rich uncles, no connected friends. its a big disadvantage and its unfortunate and it sucks. + +**after high school**: this needs to be perfect. this needs to be a perfect performance. there are so many dangers at this point, toxic relationships, addictions, sickness, not knowing what the heck to do when time is ticking. this is not unique to poor people but when you lack networks and finances, its a lot harder to fix major issues. you really need to dodge all of the bad stuff like the matrix, while drafting some 200iq plans. + +if you take the college route, you cant really afford to "figure it out" at college. you need to be ready to get a marketable degree. even random STEM degree holders end up in endless retail hell. your college career needs to be a perfect performance. you need to establish those networks, get recommendations, get experience while there. this inst unique to poor people, but again its wat harder without networks. hopefully you can get a scholarship, you really have to be super careful with debt + +growing poor is freakin hard man and so much of your future is dependant on luck + +RANT OVER (for now) +Airlines are on there way but these are in full recovery mode ! + +Has anyone seen this ? They didn't retreat last week when most of the market was red. SBLK has great finances and 121 vessels. INSW transports mainly oil and also shows profit . But these others that each have around 41 vessels also look attractive SB + GNK + DSX + EGL + +From Yahoo + +This has been an interesting week to be invested in dry bulk shipping. Over the past five trading days, Star Bulk stock has appreciated an impressive 18%, and Diana Shipping is up 30%. But Castor Maritime stock had more than doubled, until today's sell-off, rising an astonishing 130% in four days of trading. +Where's all this excitement coming from? To begin with, the Baltic Exchange Dry Index, which tracks charter rates for ships that carry dry bulk cargo such as coal, grain, and iron pellets, had been in free fall this year. It dropped from as high as 1,831 to just 1,323 on Feb. 3, a decline of 28% that didn't bode well for dry shipping profits. That free fall finally bottomed out just above 1,300, however, and has remained pretty steady since, which may be giving investors confidence that the worst is now over.   + +Adding to their confidence, on Tuesday, brokerage firm BTIG announced that, in its opinion, the cyclical oceangoing freight market is set to recover over the next two years as the global economy emerges from its recession. +My parents took out a HELOC back in 2015 & extended it in 2020. They’re on a fixed income (~$3100/month). House & car are paid off. I think they originally took out the HELOC for home improvements but as time has gone by, it seems that they’ve also used it to pay for property taxes and lord knows what else. They don’t live a lavish lifestyle; they go out for breakfast (@cheap places $10-20 total) which is their only “luxury”. + +They’re now in a real bind due to the interest rate increase. They owe ~$100k and have been paying only the interest. Aside from being bailed out by me, what are their options for relieving the financial strain? What would happen if they just stopped paying? + +Edit: Thanks to each and every one of you for your responses and advice! + +A few things that were consistently asked/ mentioned: + +1) When my parents pass, the house will be sold. I have zero interest in moving there (it’s a nice area, just don’t want to live there). My sibling WILL NOT get the house. I’m executor off their will and will do everything in my power to keep him out. + +2) Similar homes in their subdivision have sold for $250-$275k. I don’t necessarily think that’s what theirs would sell for because who knows what the housing market will be like at that time. + +3) They live in a low COL area. Their property taxes are ~$3,500/year. + +4) Aside from their astronomical cable/internet/landline (🙄) bill, my Mom estimates they spend ~$225/week on groceries. It’s very possible that there was a miscommunication there, since she is very deaf and may not have heard the question correctly because **I** don’t even spend that much on groceries & we’re big eaters. + +5) They’re on Medicare and a supplemental insurance plan. They also have life insurance and long term disability insurance. + +6) Their breakfasts out are cheap - $10-20 for both of them (low COL area). + +7) They bought a new heater and ac last Spring, new tires for the car, and pay the homeowners insurance with this HELOC money. + +8) I’m almost certain they’re not helping out my sibling financially, BUT I’m going to ask them face to face because there were a lot of transactions on their statement (which I went through with them but only picked out the transactions of $500+) for between $200-$400. I truly don’t think they’d lie to me about this, but if I find out they are I’ll be absolutely shattered. +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) +* $1.82 per share, adjusted, vs. $1.54 per share as expected by analysts, according to Refinitiv. +* $37.15 billion, vs. $35.72 billion as expected by analysts, according to Refinitiv. + +Additionally, Microsoft reports Azure public cloud grew 48%, experts had projected somewhere around 44%. +I work in Financial Services and financially the pension and share scheme are the most important to me. + +On a personal level it's the ability to buy an extra weeks holiday every year. + +So, what sector do you work in and what benefits matter most to you/would you look for in your next job? +Hello all, + +I am 25 and currently working from my parents house in Abbey Wood, SE London. I'm currently earning 27K and want to move out as I feel like it's time to do so, I feel underdeveloped, comfortable and missing out on life experiences & lessons. + +I feel nervous about taking the leap. My mum is a bit controlling and has a negative impact on my mind and is one of the reasons why I wish to move out. + +I believe that moving out I would have to live on my own as I don't have any friends I could move in with and am not a fan of house sharing/moving in with people I don't know. I had negative experiences with this at uni. + +I currently have 4k in savings and 40k in the stock market. + +Since I was 21 in 2017, I have saved money for years now and lived frugally, I haven’t lived that “London Life” and don’t have many memories or doing anything fun due to saving which I do regret a little and wish that I lived a bit more. At 25, I do feel old & that I've missed a lot whilst being a slave to counting pennies. I’m desperate to get out there and spend more money to make memories with friends, but nervous that I probably wouldn't be able to do this if paying higher rent. + +I should be moving up to 29k minimum come September, but there are a couple of things that I am slightly worried about: + + +1) Is 27K enough to move out to somewhere in London by myself? + + +2) I don't feel like I'm close to having a partner and getting a mortgage any time soon and despite my savings, a deposit wouldn't get me a nice house, so I feel that renting is my only option for the next few years. If I was to rent, what location/rent per month would I be looking at for something that wasn't a box, as close to central as I could get with somewhat good transport. + + +3) What websites/tools/services do you recommend in my search? + + +Am I looking for a needle in a haystack? + +Thank you on advance for your advice. +I recently started working full-time in a graduate role and started changing how I handle money. + +I have Monzo for daily spending. Just opened a Marcus for saving a house deposit among other things (will move it to a LISA in chunks - haven't researched LISA yet and need accessible savings for emergency fund/annual costs etc). + +I've been with HSBC since Dad set me up at 13. I have a graduate account, a bills-only direct debit current account (put money in on payday so I know my bills are paid for the month) and a flex saver. I also have a £500 credit card since I was 18. I've never been offered to increase and never asked. I don't like HSBC and want to switch to Nationwide. Monzo don't yet have direct debits going straight out of pots and I like being able to go into a branch if banking gets complicated. + +I also want to open a 0% interest credit card with a much higher limit to pay for car insurance annually among other things. + +1. How do I switch while I have 2 current accounts? +2. Once I have a new credit card, should I close my HSBC credit card? Or should I keep just the credit card open and move my direct debits to there and close the extra current account? +3. Are other cards better for managing direct debits and regular bills? + +I've seen lots online about not closing my oldest line of credit but I also don't really want to be connected to HSBC anymore, and the card has no perks attached. I only have 3 direct debits: £10 phone, £222 car finance (I know, major financial fuck up) and £43 car insurance. + +Edit/Update: +Closing my graduate account +Switching my direct debits account to Nationwide +Keeping my HSBC Credit Card +Reconsider my choice between cashback or 0% credit card +Monzo for spending and Marcus for saving so only bills money is left in Nationwide. +Please feel free to ask any questions that you feel I missed out anything or point out what I'm doing wrong as this kind of subject something I've never spoken about to anyone + +OK, I started at a company in London as an apprentice for one year as designer and then got taken on full time, it's coming up to 2 years and I haven't progressed hardly in the past year as I've been full-time, The office I have to travel to is 2 hours one way each way with me traveling 4 hours a day on-top of my usual 9-6 whilst earning 15k/yr (I have to pay for my own Travel and Parking myself which is £15 per day but I work 1 day per week at home so that's already minus £3120/yr) + +What hurts me the most is that a lot of colleagues from my other departments are barely in the office at all (working at home) but the head of the design team insists that I and the 2 other designers go in everyday of the week. But as I first joined the company I spoke with the CEO to quote him "I don't care what time or days you're in along as the job gets done" + +The big reason I'm scared to quit is that this is a fast developing company who have massive household-name clients (and still getting newer ones) where I feel like I will miss out if I leave. +\*\*The stock market is on a 6-week losing streak, the longest losing streak since 2001. How did we get here?\*\* + +The economy is in a very tight place and is likely going to get worse. This has caused stocks to come down, with major indexes down anywhere from 15% to 30%. CPI inflation is at 8.3% and has consistently been worse than expectations. The Federal Reserve is going to start tightening by essentially popping dollars out of existence (the opposite of money printing) and increasing interest rates to slow down the economy. Whether you’re trading or investing long term, it is important to be familiar with the market landscape and understand the reasons behind the volatility and price action we are seeing. Therefore I am making this post to help anyone who does not have a full picture of what is currently happening. + +\*\*Inflation\*\* + +The combination of the 2020 COVID lockdowns, Delta lockdowns, Omicron lockdowns, sanctions in response to Russia’s invasion of Ukraine, and decreasing globalization as countries try to reduce reliance on others, have all been inflationary. The lockdowns were originally disinflationary on the demand side (because people slowed spending when they were locked at home), which is why the Federal Reserve and central banks around the world expanded the money supply (i.e., printed a crap ton of money). However, we are now suffering the consequences of those actions. People were saving money because it was harder to spend it during the lockdowns, creating pent-up demand which is now showing itself in the form of unusually high spending and a very strong consumer. Coupled with the supply bottlenecks, this caused inflation to soar higher than at any point since the 1970s once economies began to speed back up. + +\*\*The Federal Reserve\*\* + +Stocks move up and down for a combination of different reasons. In my opinion, the most important factor deciding how stocks move is the Federal Reserve’s policies. The second most important factor is \*earnings\*. This is my opinion, and I know many people might disagree with me, but what you can’t disagree on is how important the Fed’s policies are in influencing stock prices. The Fed’s priority is to maintain price stability (i.e., control inflation). To do this, it has three main tools: the Fed Funds interest rate, open market operations, and setting reserve requirements. + +\*\*Fed funds interest rate\*\* + +The federal funds rate is complicated, but it can be thought of as the price to lend money. When the fed funds rate is low, then banks can lend at very low interest. But when the fed funds rate is high, banks will lend at higher interest. When COVID hit, people stopped spending, so the Fed lowered the fed funds rate to 0, so banks could lower their interest rates and lend more money, which encouraged consumer and business spending and investment and ultimately boosted stock prices. However, now we are at a point where the economy is too hot and inflation is out of control. When inflation was this high in the 1970s, the Fed raised the fed funds rate to almost 20%. That’s not a typo. 20%. When the Fed pushed the funds rate this high, banks were going to lose money if they lent money at lower than 20%, and borrowers would have to be stupid to borrow money at 20% interest. Therefore, the economy was forced into a recession by the Fed in an attempt to stomp out inflation. This is the same thing the Federal Reserve is doing now. Inflation is very high, so the Federal Reserve is raising the fed funds rate to slow down the economy until inflation is stomped out. If inflation keeps increasing (or even staying the same), the Fed will have to increase the funds rate even more. During the pandemic, the rate was 0. In March, the Fed first increased the rate to 25 basis points (bp), or .25%. On May 4th, they increased it to 75 bp. But as inflation keeps persisting, economists are expecting the fed funds rate to go even higher. Last year, we were expected to reach a funds rate of .25% by the end of 2022. We reached that expectation two months ago. Right now, we are expecting to reach 2.75% by the end of this year. That is over 11 times higher than what we expected last year. + +\*\*Open market operations (“printing” money)\*\* + +The Fed can also conduct open market operations, which means they can buy securities from banks or sell them to banks. When the Fed buys securities from banks, then the bank has more money to lend, which means there is more money, or more \*liquidity\*, in the economy. This is essentially how the Fed “prints” money (also called quantitative easing). Again, this encourages consumer and business spending and investment and boosts stock prices. The Fed only stopped this in March of this year. It was essentially keeping the money printer on while inflation was already over 7%. Now, the Fed needs to do the opposite of what it was doing two months ago. This time, the Fed needs to sell securities back to banks (the same ones that the Fed has spent the last two years buying). In June, the Fed is going to start doing this–selling securities back to banks and on the open market and then popping those dollars out of existence (the opposite of money printing). This is called quantitative tightening. Of course, this will have the opposite effect of money printing. The Fed essentially needs to sell back over $4.7 trillion worth of securities to banks, yet commercial banks currently only have about $3.38 trillion in cash. See the problem? The Fed will have to continue tightening for years if they want to get rid of all those securities, which means that if we go into an economic downturn, it will likely be prolonged. + +\*\*Reserve requirements\*\* + +Setting reserve requirements does the same thing as open market operations in the sense that it controls how much money banks can lend out. Essentially, if the Fed requires banks to hold more money, then they lend less. This is very straightforward. + +\*\*What does this all mean? A recession?\*\* + +Look at where we are. Inflation is out of control. Recall that the Fed forced us into a recession just to bring inflation to its knees. This is because uncontrolled inflation is single handedly the most dangerous thing to an economy, so a recession is always preferable. The Fed was continuing to stimulate the economy while inflation was running very hot, and now that it’s even worse, the Fed has to do the complete opposite of what it has been doing the past two years. The Fed will increase interest rates for the next year (or more), remove liquidity from the economy for years to come, and the economy will inevitably go into a downturn. In my opinion, people are underestimating the probability of a recession. Technically, a recession is defined as two consecutive quarters of negative GDP growth. Did you know that GDP fell 1.4% in Q1 of 2022? Another quarter of this and we will officially be in a recession. What about inflation? Is inflation peaking? If you look superficially at the Consumer Price Index (CPI) numbers, it shows 8.5% year over year inflation in March, and 8.3% YOY inflation in April. Does that mean inflation has peaked? Maybe, but a slight decrease in the year over year inflation rate is not enough to suggest that., especially because the 8.3% figure was actually higher than expectations. The Producer Price Index (PPI) shows inflation in terms of how much more producers are paying for the same things. This is a lot more effective in gauging the direction of inflation because it is a leading indicator of inflation. When producers are paying more, they pass those costs onto consumers afterwards, and it could be months until producers decide to pass on these costs. In April, PPI was 11%, which means that CPI inflation could go much higher if producers decide to pass on costs to consumers. + +\*\*Conclusion\*\* + +Inflation is too high. The Fed is slowing the economy using every tool it has, just to keep inflation under control. In doing so, the Fed may put us into a recession. We are one bad quarter away from being in a recession. If we go into a recession, the Fed can’t save us. If you did not read the entire post, please read it. + +Yes, I wrote all this. Personally I'm up on the year because I sold everything in January (before the crash) and have been only trading options (puts and calls) based on technicals. Please ask questions if you have any (in replies or DMs). + + +Sitting atop a cash pile of over $100 billion dollars, Warren Buffet is often asked why Berkshire Hathaway does not pay a dividend. The standard answer for the past thirty or forty years has been that Berkshire’s cash pile would be better spent on either acquisitions or share buybacks. While there is certainly truth to this statement, there is a bigger reason for the lack of a Berkshire yield. + +Warren Buffett personally owns approximately 250,000 shares of Class A Berkshire stock. Often Buffett has been quoted as saying he has “never sold a share of Berkshire Hathaway.” If this is true, that would indicate that in the process of building up his multi-billion-dollar fortune, Buffett has never paid any income taxes on his Berkshire shares. Assuming Buffett does not, or has not, ever personally sold any Berkshire shares, that would mean he is not only a savvy investor but also the undisputed master of the unrealized gain. + +Warren has often said he draws a yearly salary of $100,000 from Berkshire Hathaway. Assuming his Berkshire salary is accurate and he has little else for additional income coming in, it is likely that Buffett (a multi-billionaire) pays nearly the same amount of income taxes as you or I. A Berkshire dividend would be exceptionally detrimental to Buffett’s income tax bill. A quick calculation to demonstrate: + +(all numbers very approximate for demonstration purposes) + +Number of “A” shares owned by Buffett: 250,000 + +A 5% yield on Berkshire “A” shares for 1 year would yield (for Buffett) approximately: $4,087,500,000 + +A 20% capital gain tax on his dividend would result in a personal tax bill of approximately: $817,500,000 + +With Berkshire paying a 5% yield, not only would Buffett end up with a near $1 billion tax bill, he would also have to find a place to invest nearly $3 billion of his after-tax dividend income (every year). This clearly demonstrates why he prefers share buybacks over dividend payouts. + +Buffett is a multi-billionaire and he certainly did not get there by accident. As a result of (arguably) the greatest (legal) tax avoidance scheme in the history of modern American business, Buffett has painted himself into a corner when it comes to the payment of a Berkshire dividend. Berkshire investors can pretty near be guaranteed Berkshire Hathaway will never pay a divided as long as Buffett is alive and holding his shares. We will, however, very likely see a Berkshire yield upon Buffett’s exit from the business world. +The government is going to give money to the "Australian Institute of Health and Welfare" to produce "user friendly dashboards": + +(Page 202 of https://www.budget.gov.au/2018-19/content/bp2/download/bp2_combined.pdf ) + +> The Government will also provide $0.2 million in 2018-19 to the Australian Institute of Health and Welfare to bring together all major housing and **homelessness data in a USER FRIENDLY DASHBOARD**. + +..... + +https://en.wikipedia.org/wiki/Australian_Institute_of_Health_and_Welfare + +> The Australian Institute of Health and Welfare (AIHW) is Australia's national agency for information and statistics on Australia’s health and welfare. + +..... + +Should government agencies like the ABS (Australian Bureau of Statistics) be more involved in creating "user friendly dashboards" (for other issues too)? What do you think? +As far as I can see they are the only bank to require this. Sure they have the best rate, but this is ultimately a pain for customers. So I emailed them to ask why. Their response: + +“The change has been introduced to encourage clients to increase their savings each month to ultimately improve their overall financial situation moving forward.” + +Bunch of crap if you ask me. I hope the other banks don’t introduce this. I’m thinking to move my money elsewhere. + +I know many of you might think it’s not a big deal, but for me it’s extra admin every month on top of all my existing admin which is already a bloody pain. This just feels like the piece of straw to break my “admin-camel”s back. Thanks ING /s +Hey guys, I really could use your help and advice at this point in time. Today, I just received a text from Milton Graham saying I need to urgently call them with the reference #. + +Now I'm assuming this is for the $18,000 debt I "owe" to my university, because it's about 2 weeks now. + +I'm an international student who applied and got approval for leave of absence this semester before the census date for academic penalty. However, the university said I STILL owe them the money for all the courses I did not even complete, because I did not DROP the courses before its own separate census date... At the time, I was not even checking my laptop anymore or contacting anyone, as I was depressed and anxious, so it did not occur to me that there was a separate census date for that.. + +So I applied for a Remission/Removal of Debt with the university under compelling circumstances (medical), and am waiting for their decision still.. (they say up to 90 days, it's been 3 weeks so far) + +But in between this time, the university has cancelled my enrolment and access to student accounts... I still plan to continue studying from next semester, however I don't believe should be paying this money for courses I never finished.. + +I don't have the money at all to pay the debt, because even if I did then I wouldn't be able to study next semester and graduate on time. + +I'm not sure whether to contact the debt agency and explain to them that I'm waiting for the removal of debt application to be accepted.. but it seems the debts already been sold to them so I'm confused how this works and what to do?? I also don't know if ignoring is right because I don't want to be sued.. given its quite a hefty debt.. + +Please help me out here, +Thank you +“Competition for Retail Order Flow and Market Quality” + +Abstract- + +Approximately 27% of trading volume is routed from retail brokerages to seven market- making firms (“internalizers”). We estimate that two of these firms, Citadel and Virtu, handle 70% of this volume, or $70 trillion from 2017-2021. Our theoretical model predicts that spreads are wider in a non-competitive market for retail order flow, as internalizers have less incentive to use their profits to improve on-exchange liquidity. Using the SEC Tick Size Pilot, which restricted internalization in some stocks as a natural experiment, we provide evidence that internalization negatively affects market liquidity, and that this effect is especially strong for stocks with concentrated inter- nalization volume, as measured by our internalizer Herfindahl-Hirschman Index. Our results suggest that promoting more competitive markets for retail order flow could save investors billions of dollars in transaction costs. + +PDF link: https://deliverypdf.ssrn.com/delivery.php?ID=617022022121091087088029013068080028016053089047061003065024085088084102029008068066100029017023042116110127096126095118117086012054046028049086091065117100094126101062069008102124066101106117116108094070102094073103124002027080001104124086073123020001&EXT=pdf&INDEX=TRUE +I'm not a financial advisor, just a retard YOLO'ing my savings into long calls, so make your own decisions. + +TLDR: Blackberry is the market leader in an industry that McKinsey projects will fucking 🚀🚀🚀 to $750BN by 2030. BlackBerry has already grown their annual revenue for 2020 by 15.04% from 2019, so stap in your tendies because BB are going to the fucking moon. [https://www.mckinsey.com/\~/media/mckinsey/industries/automotive%20and%20assembly/our%20insights/monetizing%20car%20data/monetizing-car-data.ashx](https://www.mckinsey.com/~/media/mckinsey/industries/automotive%20and%20assembly/our%20insights/monetizing%20car%20data/monetizing-car-data.ashx) + +Other relevant DD: + +* Market position analysis - [https://new.reddit.com/r/wallstreetbets/comments/l4ehan/blackberry\_dd/](https://new.reddit.com/r/wallstreetbets/comments/l4ehan/blackberry_dd/) +* BB Comprehensive guide - [https://new.reddit.com/r/wallstreetbets/comments/le53ol/comprehensive\_guide\_about\_bb\_and\_how\_it\_shall/](https://new.reddit.com/r/wallstreetbets/comments/le53ol/comprehensive_guide_about_bb_and_how_it_shall/) +* Amazon/BB partnership in the AV space - [https://new.reddit.com/r/wallstreetbets/comments/l5sno2/blackberry\_bb\_why\_you\_need\_it/](https://new.reddit.com/r/wallstreetbets/comments/l5sno2/blackberry_bb_why_you_need_it/) +* Other BB analysis - [https://new.reddit.com/r/wallstreetbets/comments/l0a1p5/the\_full\_dd\_on\_bb\_an\_elon\_muskjeff\_bezos\_sandwich/](https://new.reddit.com/r/wallstreetbets/comments/l0a1p5/the_full_dd_on_bb_an_elon_muskjeff_bezos_sandwich/) + +1) BB has nothing to do with smartphones. Throw those 2007 notions out of your mind and bring yourself to the future + +2) Whilst the whole stock market has been pissing themselves for years over EV/AV industry speculation, the reality is that these are hardware companies with low margin, and limited scale potential. + +Even Tesla, owned and run by the richest man in the world, has yet to build more than 500,000 cars in one year. Meanwhile Tesla competitors springing up everywhere with both new challengers such as NIO and old money fucks getting into EV such as VW and GM (GM in December 2020 announced 100% by 2030 all cars would be 100% EV). + +THE REAL FUCKING MONEY is not in EV production which has low margin and low scale, but in data monetization which is high margin (and being software) has unlimited scale. In the same way that Google makes only $18Bn revenue from hardware sales (phone, nest sales etc) but makes $120Bn from data monetization, $BB is going to to the fucking moon with $200BN revenue + by 2030 with 10% net whilst Tesla and other big auto are fighting over 4% margins (Tesla net profit in 2020 = 4% whilst **BB sat at a juicy 10.15%**). + +This industry is going to the fucking moon, and BB is the only one with a front row ticket 🚀🚀🚀🚀🚀🚀🚀. This shit is like investing in Google or Amazon in the year 2000, by the time the mainstream saw the potential 5 years later, shit was already at pluto + +u/just an everyday life couldn't have put it better: "Zombie cars and QNX + +QNX is the first commercial microkernel RTOS. What the fuck does that even mean nerd? For anyone like me who's not a software genius, I've done some research so we all know what we're getting into. A Real Time Operating System is developed to focus processing power on two most important things: Speed and Accuracy. This is different from shit like Windows and Mac OS (General Purpose OS or GPOS) as they spread processing power throughout the system because there isn't exactly anything that's significantly more important than the others. However, when you're using a self-driving program you need the hardware to perform the action at the exact time and speed. Your self driving program brakes too late? Crash into the car ahead of you. Your self program turns the wheel too late or too soon? Crash into a wall. + +Blackberry has been working on this technology since 2014. But car makers literally couldn't develop autonomous vehicles fast enough. So these guys have just been twiddling their fucking thumbs. + +Fast forward to now, where the rise of Tesla has made everyone and their momma make a self driving EV. Everyone is trying to make their own autopilot program but not their own OS. So who's OS are they using? + +SONY? Blackberry QNX. Baidu? QNX baby. XPENG? Blackberry as well. If you read the article, you'll see XPEV is using DESAY's autopilot program that's built on QNX. Know who else is using DESAY autopilot? Li Auto But what about Nio you might ask? Well on NIO day, it was announced that NIO will be using Nvidia DRIVE....which is also built on QNX. What about the Apple car? There's no confirmation yet, but rumors of them reaching out to both Canoo and Hyundai makes me skeptical that Apple has succeeded in creating their own RTOS even after rumors of them starting 7 years ago. But even if they did... it doesn't even matter. + +You might have noticed that I didn't mention Tesla at all. That's because they have developed their own Linux-based Operating system, which Tesla has been having trouble getting it approved by US safety regulations. QNX on the other hand, already is. $BB to the fucking moon🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀" + +3) BB is a cash flow positive, growing company with near nil competitors in an industry that is skyrocketing. Despite this, the boomer fucks who still believe BB is a smartphone company, have in their own glorious act of autism, have massively shorted BB bringing the share price down. + +BB is a growth company in a growth industry, these hedge funds are going to need to borrow more money if they want to buy tendies after the wider market realizes the market inefficiency that is an undervalued BB. u/Tradergurue went into a lot of detail in his $BB short interest post here [https://new.reddit.com/r/wallstreetbets/comments/l8pg8x/short\_interest\_in\_bb\_its\_increasing/](https://new.reddit.com/r/wallstreetbets/comments/l8pg8x/short_interest_in_bb_its_increasing/) + +TLDR: hedge funds caught with their dicks in their hands are about to get Royally Fucked as the market corrects itself with a BB rise over the next month +https://truthout.org/articles/gop-senators-unveil-bill-to-bar-biden-from-canceling-student-debt/ + +Just after news broke of President Joe's plan to fulfill his campaign promise to cancel student debt, Republicans introduced a bill that would explicitly bar him from doing so, despite evidence that the current towering burden of student debt constitutes a major economic crisis. + +GOP Senators Bill Cassidy (Louisiana), John Thune (South Dakota), Richard Burr (North Carolina), and two others unveiled a measure that would bar the president from canceling student debt because of a national emergency, and limit the president’s ability to extend a student debt payment pause. + +Their proposal, which is not likely to pass Congress, would also cap any future payment pauses for borrowers with a salary over four times the federal poverty line — or a mere $54,360 for single adults with no children. This is less than the average starting salary for college graduates from the class of 2020, which was $55,260. + +The bill comes just after a potential breakthrough on the issue of student debt. Joe told House lawmakers in a meeting on Tuesday that he’s considering canceling a substantial amount of student debt after Democrats and debt activists have begged him for months to do so. + +Roughly 43 million borrowers owe $1.9 trillion in student debt, according to the Student Debt Crisis Center. Debtors are often crushed by the weight of the debt, both financially and mentally; some owe triple or quadruple their original loan amount, and are burdened by the feeling or reality that the debt will never be repaid. + +Debtors also face “hidden” costs due to their loans, with higher interest rates on things like home and car loans and credit cards. Canceling student debt could result in wide-reaching positive effects on the economy, boosting borrowers’ ability to buy a home or start a business. + +Meanwhile, the student loan payment pause, which was originally put into effect by Orange prez during the onset of the pandemic, has saved borrowers about $200 billion over the course of two years. + +The Republicans argue that student loan cancellation and the payment freeze are a “handout” to wealthy college graduates and those who may have taken on loans for them, parroting a right-wing argument that the people who would benefit most from loan forgiveness are already wealthy and don’t need the money. + +These arguments are based on false premises, however. People who take on student loans typically come from families without generational wealth that could cover the cost of tuition in the first place, and research has found that student loan forgiveness is progressive, meaning that it would provide the biggest benefits to the least wealthy debtors. The higher the loan amount that is canceled, the more progressive the benefit, the Roosevelt Institute found last year. + +The report also found that cancellation would be crucial to closing the racial wealth gap, providing aid to Black and Latinx borrowers who suffer the most from student loan debt. + +In their press release on the bill, the senators also say that the payment pause costs taxpayers $5 billion a month, citing Education Department data that shows $5 billion a month as the amount that borrowers save as a result of the pause extension. However, that’s an oversimplification of how federal student loans work and a flattening of the reason that the government gives student loans to begin with. + +It also suggests that student loans should be a method of raising money for the government, a notion that even orange has said is needlessly cruel. “That’s probably one of the only things the government shouldn’t make money off — I think it’s terrible that one of the only profit centers we have is student loans,” orange said in 2015. + +Student loans are given out with the purpose of making it easier for students to afford college tuition, which is rising at astounding rates. It’s in the government’s best interest to make higher education more accessible, as this can help strengthen democratic participation in society and stave off fascism. + +To give loans, the government borrows money, adding to the deficit temporarily until the loans are paid back; the government sometimes collects a very limited profit from the loans due to interest. While it’s true that student loan cancellation may affect the deficit, a 2018 study by economic scholars found that the benefits of cancellation would be vast — not only for borrowers, but for the entire economy. + +According to the study, a one-time mass cancellation of student debt would provide an immediate boost to the GDP and would generate up to $1.1 trillion in 2016 dollars in GDP over a decade. The policy would create jobs, reduce unemployment, and have a stimulus effect that would offset some of the cost of the program, with only a moderate negative effect on the deficit and inflation. + +**Edited to remove or change presidential names +This isn’t some ideological battleground. This is the stock market. There are hedge funds taking long positions, there are hedge funds going short *and hedging their bets with long positions*. + +You’re not “sticking it to the man” holding GME. + +Trade based on what makes you money. Not ideology. Who gives a fuck. We don’t celebrate losses here to prove a point, we celebrate the stupid risky plays that the person took regardless of the fact it blew up in their face. + +If you think you’re going to profit off holding, hold. Stop letting people hype you up and manipulate you by framing this as some act of defiance against a corrupt system. You’re being played. + + +Im asking this question here because I think I may find a more informative less biased answer than other subs. Thanks for any feedback! + +More info + +https://www.youtube.com/watch?v=h1Lfd1aB9YI&feature=youtu.be +Found a good piece on SA. + +*GAAP accounting can sometimes wrongly favor acquisitions over internal development. Comparing Amazon to Facebook provides a compelling demonstration. + +*Despite its recent GAAP losses, Amazon has seen quite strong owner earnings over the last few years. + +*Conversely, Facebook's high expenses for defensive acquisitions have not shown up in GAAP losses, though actual owner earnings are strongly negative. + +Quite interesting insight, you're welcome to share your opinion. + +**Link**: http://seekingalpha.com/article/3511536-amazon-is-profitable-facebook-is-not +Hi guys, Venezuelan living here. + +LocalBitcoin drop has been steady since a few months ago, main reason is the start of Binance allowing P2P trade between cryptos and Bolivares, not only Bitcoin but BNB, BUSD, USDT, BTC and ETH. + +Even that, we are leader in the LocalBitcoin usage even when compared to much bigger economies: + +&#x200B; + +* Venezuela: 54 +* Colombia: 44 +* Europe: 28 +* USA: 28 +* Peru: 13 +* Chile: 8 +* Argentina: 6 +* Brazil: 6 + +&#x200B; + +That is a way of sending remittances to Venezuela and also saving money if you earn Bs. (of course not if you have monthly minimum wage income). + +Yesterday, goverment announced a increase the in monthly minimum wage from 1,800,000 Bs. (around 0.6 USD) to 7,000,000 Bs. (around 2.4 USD). Also there is a monthly "food bonus" in cash of 3,000,000 Bs. So total minimum monthly income is set at 10,000,000 Bs, around 3.5 USD. + +[https://www.reuters.com/world/americas/venezuela-raises-minimum-wage-fourth-year-hyperinflation-2021-05-01/](https://www.reuters.com/world/americas/venezuela-raises-minimum-wage-fourth-year-hyperinflation-2021-05-01/) + +You cannot live with that, one NGO called CENDA states you need at least 300 USD monthly for a 5 members family to survive without any luxury. + +Another NGO did a better research about the wages in Venezuela and found out the average wage of the private sector is around 70 USD monthly and the public sector is around 5 USD. + +Sorry about the recent flood of Venezuelan post, I know it might be funny thinking that 1000 moons (as example) can make a difference here, but sadly is true. + +Sources (PLEASE check them!!!): + +Drew Brinsky video (US traveler that came here a few months ago) + +[https://www.youtube.com/watch?v=JJ7A8J9O-3Y](https://www.youtube.com/watch?v=JJ7A8J9O-3Y) + +[https://www.descifrado.com/2021/04/13/ovf-el-460-de-las-remuneraciones-del-sector-privado-se-pagan-en-dolares/](https://www.descifrado.com/2021/04/13/ovf-el-460-de-las-remuneraciones-del-sector-privado-se-pagan-en-dolares/) + +[https://www.usefultulips.org/combined\_VES\_Page.html](https://www.usefultulips.org/combined_VES_Page.html) + +[https://www.caracaschronicles.com/](https://www.caracaschronicles.com/) + +[https://coin.dance/volume/localbitcoins/VES/BTC](https://coin.dance/volume/localbitcoins/VES/BTC) + +[https://localbitcoins.com/buy-bitcoins-online/ves/](https://localbitcoins.com/buy-bitcoins-online/ves/) + +[https://www.reuters.com/article/venezuela-economy/venezuela-to-introduce-1-million-bolivar-bill-as-inflation-persists-idUSL2N2L401H](https://www.reuters.com/article/venezuela-economy/venezuela-to-introduce-1-million-bolivar-bill-as-inflation-persists-idUSL2N2L401H) + +[https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/](https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/) + +[https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/](https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/) + +Any other question AMA! +There are multiple realistic options for Satoshi, including Hal Finney, Dorian Nakamoto, Nick Szabo, a group of coders, or some other anonymous legend. Then you have the "other" options like Craig Wright (lol) who sues anyone that claims he is not Satoshi. + +But I pose the question to you all, what would be funniest outcome? Who could be revealed and it would just be a massive meme? + +I propose the idea that Peter "fuck bitcoin" Schiff would be the most ironic hilarious reveal as the creator of Bitcoin. Any chance of this being true? Absolutely 0, but the guy hates bitcoin more than anyone on this planet, to the point of being obsessed with it! +There has been a lot of posts recently saying everyone should calm down about 006 coming into action 07/05 after 002 was delayed (as many expected it would). A lot of the accusations seem to be that apes think this means 002 doesn't need to go through the approvals process which is not what I've seen at all, even us less wrinkly brained apes can see it means the implementation can be immediate. + +This is still absolutely huge news. 002 was delayed UP TO 45 days, this means anywhere from 1 day to 45 days. With 006 coming into action it is now possible for 002 to be approved AND implemented on Monday 10/05. This is huge and actually means 002 can come into force quicker than it would have if it was approved on Friday prior to 006 being released. To me this proves we are on the brink of something big and the DTCC and SEC need to be able to pull the trigger immediately if it all goes tits up for them. + +As always, hodl them beautiful shares and see you all on route to Alpha Centuri 🚀🚀🚀🚀🚀🚀 +If bitcoins most pressing point of failure and vulnerability lies with the threat of a 51% attack to the network, why can't the Bitcoin software and network be rewritten to cap a miner's percentage of the hash (say 25%)? Eventually the new code would be adopted by the majority of the bitcoin community and solve the issue. +Wouldn't this solve many outstanding problems with bitcoin, like the high hash rate percentage being in China? +Any beat up, or well performing stocks look like good candidates for LEAP options? Cheaper stocks are going to be cheaper options obviously I keep finding myself wanting to get DIS, PYPL, SQ, MARA, COIN, CCL, SOFI. + +Also trying to keep in mind that next year is a mid term election year which tends to be slower until EOY (I have no political preference, they’re all corrupt AF), also I think market will be volatile in general until after omicron hype dies down, and they get this taper and possible/likely rate hikes over with. + +Just wanted to see what people strategies and thoughts were. A lot of people like to do PMCC I haven’t really tried this strategy because something feels wrong about buying a call ITM. I usually just will buy OTM calls/puts and do debit spreads. Will do some credit spreads here and there but they seem to be a little more boring. Looking forward to what everyone thinks! + +Happy New Year! And good luck to everyone in this next year! + +Edit: Wow! Way more feedback than I had imagined. I never get more than like 10 comments on anything I post. I love all the suggestions and thoughts. I just can’t help but think there’s a future million dollar idea in here somewhere. +Hi all, first time poster. I (30m) have a bank loan with approx £7k left to pay over the next 3 years, but I have recently received some cash (£9k) that would allow me to clear this loan and pay off my £1k credit card bill, with £1k left over. I intend to clear the credit card bill, but not sure what to do about the loan. + +My question is: would it be better to clear the £7k loan now to avoid the 2.9% interest charges, which would mean I'd only have £1k left in cash for emergencies/cushion/whatever... Or should I stick with paying off the loan in monthly instalments using my salary (approx £210 a month), but have a healthier pot for those emergencies/cushion/etc. + +Thoughts please! Thank you! +Yes, this is exactly what it sounds like. COPE is built on Solana Ecosystem I visited their site so you don't have to + +>Earn COPE through staking across pools in the Solana ecosystem such as on Raydium and Orca and upcoming COPE Trading Pools. Stake in Sollet/Phantom (on-chain) wallet to earn more COPE and become claimants in spacedrops. + +[Here's the chart after their devs team sold 10&#37; of the supply on market.](https://preview.redd.it/ywwponjofh191.jpg?width=1934&format=pjpg&auto=webp&s=6535bcb7bd2de02291cd40b268748c723c37c454) + +Then he came to Discord apologizing for the dip. + +This is was his response: + +[Sorry guys he needed the money.](https://preview.redd.it/13f5es2qfh191.jpg?width=1080&format=pjpg&auto=webp&s=55266c34566a377f080784fc3e9456553a05ed65) + +Don't worry this doesn't stop here it gets shittier + +[Thank you for funding Devs pocket, Cope Holders.](https://preview.redd.it/qx7q1slrfh191.jpg?width=1024&format=pjpg&auto=webp&s=5fbf179c0d9a23b9d41a6e2d0c39d780e6ec3bce) + +[His Explanation \\"got to keep dev team going through this hard time\\"](https://preview.redd.it/zcst93rsfh191.jpg?width=1024&format=pjpg&auto=webp&s=ba715e6eb582444a6e50d856c189bad7cc06997b) + +A Twitter user posted this: + +>Daily reminder that Cyrii owned the majority of the [$cope](https://twitter.com/search?q=%24cope&src=cashtag_click) supply in his wallet and it never bothered anyone He also claimed he'd burn a ton and never did, instead he sold it now + +Tweet: [https://twitter.com/Mister\_Ch0c/status/1529106514279112704](https://twitter.com/Mister_Ch0c/status/1529106514279112704) +Looking at the NFLX surge that took place on Oct. 18th post-market as an example. + +As far as I can tell, that surge happened because Netflix reported that they had gained twice the expected subscribers in Q3. + +Now, if I wanted to be one of the first people to get these crucial news in order to buy some stocks just before they began to jump, where should I have looked? +&#x200B; + +https://preview.redd.it/uo7ms8yexiu71.png?width=1010&format=png&auto=webp&s=d2a6e28c04d113290a84f4266f21ab347efb18a1 + +&#x200B; + +I nearly had a heart attack when I opened my account and saw I was down $14,000 today. + +I immediately called the broker and they said the shares were transferred out of my account. + +I thought I was hacked and my shares were gone. + +I got really nervous. + +I asked him where they went. + +The rep said they were transferred to computershare. + +Then It hit me. + +I drunk transferred 75 shares last Friday at happy hour + +Today was T+2 + +Fuq U kendog +Fuck the SEC. Let's all sing kumbayah and happy songs about GG literally just tweeting a clip from his interview. Don't forget the SEC has always had and continue to have the tools and authority to stop the blatant fraud immediately. They could have put in restrictions months ago, but they knew how big of a problem it is so now they have to dance around and protect their friends before pulling the trigger. Their hesitancy to act is heinous, and the grandstanding and outward pandering is disgusting. Don't tell us about Dark Pools, actually suspend the one in question. You're the chairman of the fucking SEC for fucks sake. +I’m not a financial advisor, but I did get in at $15 (and more at $350) so thanks DFV and SJA (I hope you got back in on time) 💪 + +I think we need to consider the possibility that the NYSE might halt trading on GME to prevent further market irregularities. This could happen as early as next week, based off my extensive speculation. + +But have no fear! Who would a 30 day halt on trading hurt? The guys who are hemorrhaging billions 🌈🐻 +So if news pops that the NYSE is planning to halt, you bet your ass this guy 🙋‍♂️ is holding every damn share. + +🙌💎, I like the stock, and fuck the hedge asswipes + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I always wanted to be a trader. When I turned 18, the first thing I did was open a brokerage account and deposited $200 I had saved up from my allowance money. + +I was investing in stocks, doing fundamental analysis, reading income statements and balance sheets, but a few months went by, and I realized you actually need a lot of money to make decent money with stocks. Naturally, I was losing motivation. + +But then, I found options. And it has been a wild ride… + +I remember my first trade: XOM weeklies. I watched them go to 0. + +After that, I figured out it was easier paying for a signals service. They were day traders and traded weeklies. + +I was naive and a (very) dumb teenager who wanted to get rich quick, I had no idea of what risk management meant and a total disregard for it. A recipe for disaster. + +I ended up losing $9,000 in a day. It was all I had. I was shaking. I remember going to Wendy’s and buying a Nutella Frosty and crying in the parking lot. + +After that, a few months went by, and I came back with $2,000. I was determined to master options, studying heavily, and I ended up learning about spreads. + +With my newly found knowledge about spreads, I doubled my account 2 months in a row, I was so happy. I was sure I was going to be rich. + +Looking back, that was a really nice period in my life, I went to the jewelry store, bought myself some gold jewelry, and I was listening to “I love the Dough” by Biggie and Jay-Z all the time. + +Although I had found short term success, I still had not learned risk management. + +So, what do you think happened next? I lost all the profits I had made in just a single trade. It was AAPL earnings, I was so nervous I couldn’t sleep. + +So after that I quit trading for a few months. + +My freelancing business took off, and I was making more money than ever, but I wasn’t happy. I needed the thrill of trading options, so I went back. + +I tried a few things: day trading, spreads, swing trading, alert services, technical analysis, The Strat… + +I made a lot of money and lost a lot of money, and I can assure you: Every strategy, every type of analysis, trading style, everything there is, I’ve tried it. + +Nothing worked for me until I found my current system… + +And I was able to turn $10,437 into $111,669 in 13 months. + +**The System** + +I’m going to start with risk management because it’s the single most important thing in any system. + +**Position sizing and stop loss:** + +My size is around 9% of my account per trade. And I use a 25% stop loss. + +This way, I’m only risking around 2% of my account per trade. + +https://preview.redd.it/4grwmddsuiy91.png?width=647&format=png&auto=webp&s=b49c6f6c200a3eb17134bdbc5d0475d8ae3fdc0d + +**Profit taking** + +I always take profits at 30%. Base hits add up. + +Notes: + +You will not be able to size exactly 9%, we’re talking about averages here. maybe you will lose or make more money than planned in some trades, but those % of your account are the averages you should be aiming for. + +**Additional risk management rules:** + +&#x200B; + +1. Don’t have 2 trades in the same sector. Sectors tend to move together. If you have calls on an airline stock, don’t buy calls on another airline stock, because they move together. + +2. Try to have a balance between long and short positions, so if something happens overnight, you’re not overly exposed to just one side. + +3. Zero emotions. Trade like a machine. Just execute the system. Money will come. + + +**Trade Frequency** + +I try to make 3 trades per week, so 12 trades a month in total. (Sometimes there’s opportunity for more trades). But I try not to over-trade. + +Let’s run the numbers: + +My average win rate is 75%. + +So on average, I win 9 out of 12 trades. + +$877.50 on a $5,000 account is 17.5%. + +I averaged a bit more over the last year, around 20%. + +Your numbers will also probably look a bit different, but just to give you an idea: + +If you start with $5,000 and average 17.50% every month for a year, you will end up with $34,627.76. + +The key to compound the gains is to always think in percentages, and of course, sticking to the system rules. + +Again, you can do better, or you can do worse. This is just to give you an idea. Now let’s talk about how I find trades. + +**Finding trades** + +What I do is I follow smart money. In order to understand how the market works, you need to understand who the key market players are, because they are the ones who can move markets. + +# Smart Money — Hedge funds, institutional banks, proprietary trading firms, billionaires. + +&#x200B; + +* They accumulate and distribute large quantities of stock. +* They determine the market sentiment. + +# Institutions, High Frequency Trading Algorithms. + +&#x200B; + +* They follow Smart Money’s large orders. +* They buy or sell aggressively, depending on what Smart Money does. +* They are the ones who cause exponential volume increase and big directional price moves. +* Their orders are automated, and their systems are capable of placing thousands of orders before you can place a single trade. +* They are in and out quickly. + +# Investment Groups and Small Funds + +&#x200B; + +* The average investment company that is somewhat informed of the overall market. +* They listen to suggestions made by the large institutions and follow market trends. + +# Small Investors and Retail Traders + +&#x200B; + +* The average retail trader/investor or very small funds. + +# Uninformed Investors, aka “Dumb Money” + +&#x200B; + +* This group is made up of everyone else with some extra cash to invest. +* They have very little understanding of what is going on in the market. +* They base decisions on emotion and are impulsive buyers. + +# Market Share between Market Players. + +Investment Groups, Small Funds, Retail and Uninformed Investors control roughly 15% of the market share. + +Smart Money, Corporations, Billionaires, Institutions and HFT’s control the other 85%. + +Having this in mind; Your trades and mine don’t really affect the markets. So logically, we should look up to the guys who actually have the resources to move markets. + +These guys are called whales. + +In the ocean, whales are big, and they cause big waves. Same thing happens in the markets. + +Your job, as a trader, is to find these whales, and ride their waves. I hope this makes sense in theory, now let’s discuss how to apply this in practice. You’ll need an options flow service to do this, there are a few: + +My favorite is Tradytics. But you can also try: + +Cheddar Flow + +FlowAlgo + +UnusualWhales + +TitanFlow + +When you have a flow service, you will be able to see sweeps. + +An option sweep is a market order that is split into various sizes to take advantage of all available contracts at the best prices currently offered across all exchanges. By doing so, the trader is “sweeping” the order book of multiple exchanges until the order is filled completely. These orders print to the tape as multiple smaller orders that are executed just milliseconds apart — When summed, they can oftentimes add up to some serious size. These types of sweep orders are especially useful for institution traders (smart money) who prefer speed and stealth. + +Sweep orders indicate that the trader wants to take a position in a hurry, while staying under the radar — Suggesting that they are anticipating a large move in the underlying stock in the near future. + +Sweeps are aggressive, but we want to filter to find more aggressiveness. + +More Aggressive = Better + +How to determine aggressiveness? Think about the risk the trader is taking. + +On your options flow platform, filter by + +1. Out of the money + +2. Short expiry + +3. Over a million dollars or multiple repeat sweep orders + +4. The bigger the difference between the stock and the sweep strike price, the better. + + +If you see a sweep over $1,000,000 on some short term out of the money options. It is likely that the person that placed the order knows something is about to happen. + +**When not to follow sweeps:** + +**Sweeps on ETFs** (they’re used regularly by smart money to hedge positions). + +**Sweeps at Bid Price.** This indicates the person behind the trade sold the sweep, not bought the sweep. + +**Spreads**. Some platforms can filter out spreads. Don’t follow sweeps that are part of a multi leg strategy. Why? If it’s a directional spread, the anticipated move is probably not very aggressive. Or it could be a non-directional spread. + +**Picking options contract:** + +I don’t buy the same contract as the whales. I like to play options pretty safe, that’s why I always buy contracts 8 weeks out. This way I’m not stressing about expiry dates and the volatility is way less. + +For the strike place, the whale can but the options way out of the money, but I always buy at the money, or one strike out of the money. Again, I like to play it safe. + +**Conclusion:** + +Money is just a means to an end and making money alone from your computer, without creating any value in the world is really boring and depressing. + +I understand that maybe you’re too busy during market hours to find trades, or maybe you don’t feel confident enough to take your own trades. Whatever it is, I understand. I’ve spoken with dozens of people who have similar obstacles on their trading journeys. + +I’ve actually developed my own A.I. which helps a lot when picking trades. My historical win rate is 75%. You can check my profile or pm me for more info on that. + +So that’s it. I like to keep things stupid simple. This has worked for me. Remember: + +* Position sizing is key +* Manage the risk +* Be as systematic as possible +* Look for very aggressive activity to increase probabilities + +And before you trade real money, paper trade. Don’t take my word, be a little skeptical and prove this strategy works before risking any real or significant amounts of money. +I had set a limit, at which I would not buy any more bitcoin, but as the priced dropped, I felt compelled to buy more and more. I have lost more than 2 year's worth of salary on bitcoin this year and I still feel compelled to buy more. + +I am among those who feel Bitcioin's rise is inevitable, and as such I do not "feel" as though it is risky, but I worry that my behavior is essentially the same as someone who becomes addicted to gambling. + +Does anyone else feel this way? I feel confident in my decision but I am painfully aware that if I am wrong, my life will be completely and irrevocably fucked. I need to stop. +I’m sure this has been asked before but I couldn’t really find it in the search options. + +Basically, I have a 2 year old and would like to purchase several specific “dividend aristocrats” semi regularly (whenever he gets cash for any reason). Specifically at the moment I’m planning on McDonalds and Coca Cola. + +What is my best bet for doing so? Looking for the ability to purchase partial shares as well as DRIP. I am fine putting these stocks in my name for now if that makes the process easier. + +Sorry if this question is redundant but if anyone could point me in the right direction I’d be very grateful! +I am quite new to investing in the crypto and stock market, and I am surprised at how one individual can manipulate the market so drastically. + + +**Is Elon Musk manipulating the market for personal gain?** + +It is clear to me that Elon Musk has a great impact on how people invest, and what he says and does affects both the crypto and stock market. + +Am I wrong? + +It seems to me like he had a huge part to play in the recent dogecoin rise, and fall after SNL, and I wonder if he personally profits by this? Surely he is a smart guy who realises that what he says will affect how people invest. + +And then with todays announcement about Tesla not taking BTC till they find a more sustainable way of mining it........ Seems like this move could be part 1 of another smart play in crypto... Perhaps he already knows which crypto Tesla will adapt instead of BTC .. + +I love Elon. + +My two questions are - + +\- Does he make trades based off what he says and does. + +\- Is he allowed to do this. +Title says it all really, the markets are absolutely racing upwards today. Maybe a rebound, maybe a dead cat bounce, maybe a rally, maybe just a small pull back we don't know. + +Nothing has changed from last week so don't be surprised if the markets continue going back down again tomorrow, especially with the heightened political tensions in Europe at the moment as well as the threat of inflation increasing scaring the larger market investors out for now. + +However, no matter what the future holds today saw an amazing rally upwards and everyone that sold yesterday must be hating themselves. Especially for some alts that are pushing into the 30% range, that's almost 3 years of stocks growth right there in 24 hours! + +The last month has really shown us yet again that shorting / leveraging / day trading crypto can make you some pocket change here and there but you miss one key swing and you're out on the streets with nothing. +Hi mates, + +Wondering if I could get some thoughts here. + +I'm an early 30s, full-time professional. I own a one-bedroom apartment in Melbourne's inner-north. I paid $365K for it in 2014. It's now worth $310K if I'm lucky. I still owe $285K. I currently rent it out; it covers all expenses after deductions. I'm paying about $8K off the principal per year at this stage but could increase that substantially as I'm about to start a much higher-paid role (lucky me). + +However, with a 10-year outlook in mind, I'm contemplating selling it and changing tack. + +**Possible option: Keep apartment & pray** + +* Increase repayments to pay it off within 10 years. If I'm lucky, 1BR apartments in Melbourne may have risen 5% pa in that time which would mean a $480K asset. +* If the apartment goes up 2% pa, which seems more likely, it'll be $370K. +* If anything like the last 7-8 years I've owned it, it might not go up at all or even go further backwards. +* After 10 years I'll have paid approximately $285K given, as aforementioned, all expenses are currently covered by tenant and tax deductions (ie, depreciation, interest, owners corp, council rates). That's presuming interest rates are 5% pa on average each year for the next 10 years... After 10 years I might have to spend $30K on renovations and of course incur CGT if I sell. +* Also I'm already $55K in the red with it, forgetting additional opportunity cost. +* **Best (most hopeful) outcome after 10 years (value rises 5% pa):** $135K 'up'. $480K less the $285K I've spent and less another estimated $60K renovations/CGT. +* **Middle possible outcome after 10 years (value rises 2% pa):** $55K 'up'. $370K less $285K less $30K renovations/CGT. + +**Another option: Sell apartment & rent-vest** + +* Sell now, incur \~$55K loss worst-case scenario. +* I estimate I'd spend $215K on rent over the next 10 years. (Obviously I can't know my future circumstances but just guessing for now.) +* Would aim to put about $7K pa into ETFs and hope for 9% pa compounding, giving $165K after 10 years (with initial $25K from selling the apartment now). +* **Best (most hopeful) outcome after 10 years:** $110K 'up' less initial $55K loss. + +What do you think? Am I doing this right? What am I missing? + +Thanks in advance! + +**Tl;dr – with a 10-year outlook in mind should I sell my one-bed Melbourne apartment, cop a $55K loss and invest in shares instead? Or do something else altogether?** +I've read so much on here about there being a property bubble in Australia. I'm not saying there's not, but I'd love to hear from r/ausfinancer's who don't believe we are in one or have a good argument for the other side of the story. I just think it'd be interesting to hear the other side of what is a very popular topic these days. +Hi guys, + +I have been in construction my whole working life and I have been talking about moving into the IT/TECH industry for 2 years now without making a move!! + +I was wondering if anyone has any advice on any paths I should take first? I have been reading alot about shortages in the IT industry and I believe with such a rapid growth in the future now is probably the best opportunity I have to begin an IT career. + +Currently I am on 100-140k a year depending on overtime in Adelaide. We currently work an average of 60hrs a week. I am wondering what sort of pay cut would I be taking for an entry level position? Is there anyway I can study and still work fulltime? What are the better IT industries to target? What should be the first step to take? + +Any advice is greatly appreciated, I feel as if this group was the most sensible to ask. + +Thankyou +Please mention name of that book and your punchline (keep it short and simple). + +Mine is: "Think in probabilities" from Mark Douglas' Trading in the Zone +If you know you know. The U.S. government is currently trying to battle inflation by enacting a $730 billion stimulus check bill... + +As if that doesn't cause more inflation... + +#Bitcoin +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. +High level background: + +&nbsp; + +1. withdrawing from taxable account (stock investments and dividends) +1. roth conversion ladder + +&nbsp; + +This will mean I will be taxed on money converted to roth and money from taxable account (living expenses). + +&nbsp; + +**Question: How to minimize taxes in this scenario?** + +&nbsp; + +I couldn't find any articles detailing this process but most articles suggest they keep their taxes low during this phase! but how! lol + +For the last couple years I have written a reflection on that particular year of FIRE along with new revelations. They both got some traction and seemed well liked so I thought I’d write the year 3 version… + +**My background:** I’m a scientist in my mid 40’s who got into the big data side of tech just as it took off. I worked for a few large companies, and a few small companies, both as an FTE and consultant. During one of my “no job, no consulting” periods in the late fall of 2013 (notoriously hard time to find a new job as everyone is on vacation, spent their budgets, etc.) I fell deep into the bitcoin rabbit hole researching what it was, what it might become etc. I bought in a few times and sold a majority of my holdings in December 2017 (not at the peak, but close) for about 1.5M. I had also saved a shit-ton of money over the years (almost 1M) because I never spent other than buying/fixing up my house. The FIRE idea was natural to me – I had an instinctual aversion to debt, simple tastes, and grew up without a lot (but didn’t feel like that was an issue). My job was not really going in a direction I liked, and I had just cashed over a million post-tax cryptobucks so I quit. I figured I’d try a self-imposed sabbatical of an undetermined length. With all my retirement, bank, and stock accounts bundled together, including house equity I had close to 4M. I never went back in any real way. Since retirement my entire portfolio has more than doubled to 8M. + +Prior posts: [Year 1 reflections](https://old.reddit.com/r/financialindependence/comments/b2bfko/fire_1_year_in_a_few_reflections/) + +[Year 2 reflections](https://old.reddit.com/r/financialindependence/comments/etgc2q/fire_2_years_in_a_few_more_reflections/) + +[“Losing” 1M in the market drop last March](https://old.reddit.com/r/financialindependence/comments/jjdts8/when_the_market_dropped_last_march_my_net_worth/) + +[Selling 100 bitcoin in 2017](https://old.reddit.com/r/Bitcoin/comments/ku9yjr/in_2017_i_sold_100_btc_and_bch_for_15m_dollars/) + +**Warning:** This post is me navel-gazing about my so-far-quite-successful-post-retirement journey. Some people like this stuff. Some people think I’m pissing on them by boasting or humblebragging or whatever. I liked reading these posts before I FIRE’d so I am paying it back. I write these posts to tell a story, to inform, maybe even entertain. I say the following based on some salty comments I have received in the past - If my take on life triggers you, stop reading this now and go do something fun. Life is too short to be an asshole on the internet. Sermon concluded. + + +**Reflection 1: Last year was fucking insane on so many fronts.** + +In no particular order: I bought a house with cash during a pandemic; I lost harvested $100k in a mutual fund that by the end of the year had regained all I had “lost”; my dad died; my partner’s dad died; the stock market dip of March wiped 20% of my net worth out (yes, it recovered); I helped start a small company that got an unsolicited 2M acquisition offer 4 months after we launched (we declined); Trump almost got reelected. +So many ups and downs. So much jacked-up nervous system. Trust me – not having to worry about work and money was a blessing not lost on me. I thanked my lucky stars daily for that, but still found enough challenge in the rest of the bullshit thrown at me. Losing dad was a big one. + +**Reflection 2: I like being retired** + +Specifically - I enjoy the control it gives me. Now that I am not worried about whether this whole “Retirement thing” is going to work from the economics angle (something I used to fret about a bit as I started this phase), I believe it will work for me mentally. It took a while, and when a friend offered me some work in year 2 of retirement, I jumped at the opportunity (and it also seemed super fun). Some of the work was fun, and some did not pan out. Last tax year I did not work for money a single day. I was offered a few jobs last year (it seems to be like that thing where when you are single but not looking, you get attention… same sort of situation) but none of them made sense for what I would have to give up. Let’s be honest – full time work cramps the hell out of your schedule! I did start a technology business with a foreign friend in the late summer, but we took no salary and it was a super part-time deal, had no legal existence, and existed at a virtual-garage level of legitimacy. Even so, we were approached by a software company and made an offer of 2M to merge with them (aqui-hire ish). We declined. +So what do I do? I play in my workshop. I took up welding (art). I write essays. I read. I improve my land. I planted trees. After a huge storm recently smashed through our state, a friend had an incredible amount of debris in her yard, on her house and garage. It was trivial to spend a day helping her clean up her place – I just jumped in the truck and went. The openness of schedule is a fiercely guarded luxury of mine. Each night or morning I sketch out my day and then get to it…or get sidetracked or rerouted. + +**Reflection 3: Last year I said “sometimes (4M) didn’t feel like enough” – I don’t feel like that any longer** + +When my net worth dropped by 1M last March, I had a weird feeling in my stomach – oh fuck, is this the beginning of the end of my soon-to-be-fake-ass retirement? I took a deep breath and reminded myself that I had more after the drop than I had originally thought I needed to FIRE in the first place. I knew that recovery would happen (not sure when though), and I had plenty to float me through (emergency funds on hand too!) I could always go back to work if I was feeling poor. It didn’t help that I had just bought a house, outright. All that concern washed away as the market recovered reasonably quickly. Not only that, but over the past several months my remaining crypto assets have grown quite a bit. My net worth is now over 8M and just typing this seems surreal. I have no doubt now that 4M is enough. Some might ask “do you wish you had not sold the crypto back in 2017 now that it is worth so much more?” – Even though that 1M worth I sold would be worth 5M now, I’m happy with my decisions – look at my current net worth, which as I mentioned is enough AND I have not had to work for the last 3 years. That’s a pretty sweet deal that allowed me to tend to sick family members, emotionally support my mom after my dad passed, and other important experiences that would be diminished or impossible with a work schedule. + +**Reflection 4: Habits are a bitch! (busy in a bad way)** + +Now that I am free of the economic tether, and fiercely guard control of my time, I only have myself to blame for what I do and don’t get done. I think I would like to be in better shape and be better at playing guitar, but my actions do not fit those ideas. I fall into habits (good and bad) that occupy time such that these areas do not get the attention I imagine they should. The point is that even though I am my own master, I can do better, and if I truly want these things (music, fitness) I am the only one to make that happen. One of my near-term goals is to figure out what it takes for me to get focused and remove less useful activities from my routines. Takeaway: being retired is not a substitute for discipline! Damnit! + +**Reflection 5: I still like a deal, but now it’s a dopamine hit instead of a survival tactic** + +I grew up poor. I didn’t know anyone who was rich, or who knew how to manage money. As a kid/teen/adult with very little actual capital, I learned to be thrifty. I did not appreciate quality (I couldn’t afford to do so) and once I made a decent salary I learned the true cost of being poor. So now I seek quality where it makes sense, like in the food I eat and the tools I buy. But I also still love a deal, like a free library, or a pile of scrap wood for making art from. The thrill of the hunt is still with me, and I don’t mind spending the time instead of the money in pursuit of scarce goods. I’m not a spazz about it, churning credit cards or flipping out over double coupons (if those even still exist), but looking for used items when I don’t need something new, or browsing a rummage sale can still bring me great joy when I find a treasure. I’m not much of a collector or materialist, so it’s often utility that I am after (the furniture guy leaves hardwood scrap in his alley for people to take?!?!? I’m ON THAT). I also hate seeing things thrown away that still have life in them. We are such a wasteful culture. + +**Reflection 6: I now want to learn how to make my capital work, to create a funding mechanism for charity. I believe this may become my next “job”** +Every month I run my finances to see where I am at. As the last year came to an end, and my net worth kept creeping up, I realized that there was a new idea forming in my mind – what if I could figure a way to use capital I have to make additional capital that I then deploy in my community? Not particularly mind blowing, I know, but work with me… I was never in a position where I thought this was possible _for me_. When I had less money, I felt I needed to guard it to be sure I wouldn’t get sucked back into the old life. Giving it away in any large quantity was not on the radar. Now that it keeps growing I could begin to give it away – except that (lump sum giving) does not seem quite right. But what if I could manage a set of funds in a way that grew them in order to break off a piece of that and deploy it in my community in a very direct way (over and over)? I’m working on this concept now, and it inspires me to do some (potentially) more “traditional work” whereas before I was running from such a thing due to not needing it. It’s as if because I am now comfortable with where I am, I can potentially focus more efforts outwards. I’m still trying to figure out what this means for me. + +… + +I guess that’s enough for now. My relationship with money has evolved quite a bit, but I believe I am still humble, thankful, and respectful of those not in my position. Not being a flashy person, I don’t think you’d ever know my story just looking at me or how I act. There is no reason for me to be any other way. + +For you readers, I hope everyone has found ways to keep their journey going, even through the difficult times the last several months have presented. The other side has its own challenges for sure, and in some ways you trade one set of responsibilities for another, but for me – so far it ain’t so bad. + +Hope you enjoyed reading my (updated) story. I’m happy to answer questions if you have them. +So yesterday finviz shows that the float is shorted 113%, which to be completely honest- is low. I don’t mean low by market standards, but it’s the type of number that arouses the other sub and the rest of the world (if they didn’t ‘correct’ it), but it’s low compared to what we know is true. + +Then you have fidelity coming out with 13m to short, before retracting that back to 2m. No shit 13m would be an easier number to correlate a short interest above 20%, huh. Which would mean their single institution has enough fire power to short 1/5 of the float. So all the other shorts. Well they’ve got great big dirty chunks as well right? + +The glitches that occur with GME expose the largest financial crime ever committed in the public eye. It is insane to be apart of and whenever we see it it just grows the resolve to be on the right side of it and stand tall. + +I have DRS’d 60% of my shares and am awaiting my account verification before I DRS the remainder. My broker is a POS too. They are gonna be a nightmare come the time this thing flies and I want out. + +I hope everyone else is doing their part. Don’t let inaction be your place because it isn’t a vehicle for change. Be right and be right through your actions. + +Xox +I was holding a risky short position and ended up getting margin called. If it didn’t happen I would’ve at least broke even. I ended up losing about 80k. Wondering if anyone went through a similar experience. This is my first time going through something like this and I’m trying to build back my account fast. +I have been playing on the European servers for a while and only a few days ago got access to the American and the Asian Servers. I can't believe there are so many stocks where I can win/lose money everyday. My autism and ADHD brain can't handle the excitement of every monday. I have that number which goes up and down from each one of my autist trades. I am sometime even ashamed to have played /r/outside, and now look at those days as a past mistake. I read the books like Intelligent Investor(ugh?) and now I feel cheated. Its literally a book that tells you to handover your money to more "intelligent" fund managers. Well guess what, those dumbasses are just as bad as me. + +Bye, mom says the dinner is ready. + +AAPL 150 15/1 +NIKE 145 15/1 +https://www.cnbc.com/2022/04/16/elon-musk-funding-secured-tweets-ruled-false-new-court-filing-suggests.html + +In a court filing out late Friday, shareholders who are suing Tesla and CEO Elon Musk over alleged securities fraud said they won part of a critical ruling in their class-action lawsuit. The shareholders are suing Tesla over money they lost after Musk tweeted in 2018 that he was considering taking his electric vehicle company private at $420 per share and said he had funding secured to do so. Tesla’s stock trading initially halted, then shares were highly volatile for weeks after the tweets. Musk later said that he had been in discussions with Saudi Arabia’s sovereign wealth fund and felt confident that funding would come through at his proposed price. A deal never materialized. The Securities and Exchange Commission investigated and charged Musk with civil securities fraud as a result of those tweets. Tesla and Musk struck a revised settlement agreement in 2019 over those charges, but Musk is trying to terminate that agreement now. + +Damages from the shareholders’ class-action lawsuit could amount to billions of dollars that would be paid by Musk and Tesla to those who are members of the class. The shareholders’ attorneys said in the filing out Friday that Judge Edward M. Chen, who is presiding in this matter, had concluded that Musk acted with scienter — in other words, that he knowingly made false statements about having funding secured when he tweeted. This information was revealed in a request the shareholders’ lawyers made for a temporary restraining order against Musk to stop him from making further public remarks about aspects of this case, as he did during a widely viewed appearance at the TED 2022 conference on April 14. Musk also said, “The SEC knew that funding was secured but they pursued an active, public investigation nonetheless at the time. Tesla was in a precarious financial situation. And I was told by the banks that if I did not agree to settle with the SEC that they would, the banks would cease providing working capital and Tesla would go bankrupt immediately. So that’s like having a gun to your child’s head. I was forced to concede to the SEC unlawfully.” + +It’s not clear why Musk felt he may have been unable to obtain working capital for Tesla, but confident he could muster the billions required to take the company private at the same time. Musk is currently the richest person in the world on paper, and is trying to acquire Twitter, his social media platform of choice, and take it private for around $43 billion. Musk’s attorney Alex Spiro, a partner at Quinn Emanuel Urquhart & Sullivan, said in a statement emailed to CNBC: “Nothing will ever change the truth which is that Elon Musk was considering taking Tesla private and could have - all that’s left some half decade later is random plaintiffs’ lawyers trying to make a buck and others trying to block that truth from coming to light all to the detriment of free speech.” +AS A XXX SHARE HOLDING RETARDED APE... IM. HOLDING FOR YOU GUYS AND BE SELLING ON DOWNTICKS, TO GET THE MOST PEAK OUT OF THIS MOASS..IM GOING TO HOLD TILL IT REACHES A CERTAIN POITN WHERE I THINK 1 SHARE WILL. MAKE EVERYONE MILLIONAIRE... + + + +YOURE NOT ALONE YOURE NOT FORGOTTEN! + +HODL! + +EDIT: Holy shit i didnt think about so much appreciation guys! +Even Awarding i dont even know what to do with them lol + +Its not necessarily to get karma or even awards its a HONOR TO BE A PART OF THIS! +Jeff Bezos plays hardball, bans Apple TV and Google Chromecast. + +There is no such thing as store neutrality. Amazon has all the right to forbid rival products on its online marketplace. + +Apple’s upcoming video streaming service is clearly a threat to Amazon Prime and Instant Video. +http://seekingalpha.com/article/3549276-dear-tim-cook-amazon-just-banned-your-apple-tv-4 +[LINK](https://www.cnbc.com/2019/02/21/kraft-heinz-tanks-after-disclosing-it-was-subpoenaed-by-sec-over-accounting-policies.html) + +Terrible earnings and the dividend cut really speaks to the struggles that brand name companies are having. + +I think it's interesting that these long term safe haven names don't seem so safe anymore. You used to be able to count on these guys to be safe dividend payers in good times and bad but it's been a struggle lately. Of course, KHC is more leveraged than a lot of the others but it's still an interesting strategy. + +The other part that is worrisome is this from the earnings report "the Company recorded non-cash impairment charges of $15.4 billion to lower the carrying amount of goodwill in certain reporting units, primarily U.S. Refrigerated and Canada Retail, and certain intangible assets, primarily the Kraft and Oscar Mayer trademarks." + +That's a big impairment charge to some big brand names. + +I wonder how Buffet feels about this unless he's just taking it private eventually. +Hey Fatfire team, a bit of a philosophical question here for people who have fatfired. + +For as long as I can remember, I’ve always romanticized the idea of living somewhere simpler, with tons of nature.. like a nice city in South America or south/east Europe, Iceland etc. + +It’s not about spending less, this is fatfire after all.. But the idea of a less complicated lifestyle, easier access to undeveloped beautiful nature, less traffic, and for the most part, a simpler a less materialistic/spoiled populace appeals to me. + +I know that earning a living in these places is not easy, but if you were already fatFIRE, have passive income and 10M in your bank account, that’s not really an issue is it? And you can always fly home for emergencies or medical issues if you need to. + +Anyone reach their fatfire goal, and decide to move somewhere foreign and outlandish like that for a couple of years? Was it what you expected? +Earlier this week I saw a comment that got me thinking about the tremendous revenue that must be coming from the meme/digital trading that is going on. + +I mean this poster suggests they had a $12m tax bill ($35m+ of short term capital gains! + +[https://www.reddit.com/r/fatFIRE/comments/nx45ra/crypto\_allocation/h1ct7so?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/fatFIRE/comments/nx45ra/crypto_allocation/h1ct7so?utm_source=share&utm_medium=web2x&context=3) + +I have never paid more than half a million in taxes (not a trader, just W-2 stuff), but it got me thinking, there must have been some huge filings going on. + +So what are some big tax bill stories? +Lately I have been watching the numbers go up but feeling like I have less. When I was 21, I took a vacation that cost me around $8,000. I only had around $50,000 to my name at the time. + +Fast forward to many years and lessons later, I would absolutely NEVER take a vacation like that despite having almost 8x the amount of money. I spent $200 in the grocery store (I’m single) the other day and almost fainted. + +Does anyone else feel like this? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) + +NFT Marketplace [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! +[https://seekingalpha.com/news/3612325-astrazeneca-covidminus-19-vaccine-study-put-on-hold-after-adverse-reaction](https://seekingalpha.com/news/3612325-astrazeneca-covidminus-19-vaccine-study-put-on-hold-after-adverse-reaction) + +Looks like this dump is not over. +I took Ramseys advice that a car should be paid for in cash. I agreed with this because I hate being in debt (my credit cards are paid in full every month, $0 in debt). + +At the beginning of this year, I paid for a car outright for $3500 off Craigslist. Even had a mechanic friend look it over to give me the go ahead. + +Not even A YEAR LATER, and I've spent THOUSANDS on repairs for this car. The worst part is the clutch started to slip along with major leaks. I've already spent around $2,000 on repairs. These next 2 repairs alone will cost more than I paid for the car. Every day I worry whether the car will turn on or not. + +My first car was paid for outright and this same thing happened. Less than a year later, the repairs cost more than the car. + +I could have used all this money as a down payment on a car that was actually reliable. I'm sick of cheap, high-mileage cars, but I hate being in debt. I don't know what to do. I've had car payments I couldn't afford once and I never want to experience that again. For a reliable car on the low-end it looks like it'll be <$25,000. What should I do? +Here they are: + +[SEC](https://www.banking.senate.gov/public/_cache/files/a5e72ac6-4f8a-473f-9c9c-e2894573d57d/BF62433A09A9B95A269A29E1FF13D2BA.clayton-testimony-2-6-18.pdf) +[CFTC](https://www.banking.senate.gov/public/_cache/files/27383474-9469-49fc-88cc-f72f87b3e8ae/4E99130D460703D93EE34348CD2715C5.giancarlo-testimony-2-6-18.pdf) + + +Ok, so I’m an absolute noob coming into algotrading, and I’ve been trying out a few algorithms and APIs out there, and so far I’m liking the journey. + +As I said, I’m new to all this, so my question is probably going to sound like the stupidest one you’ve ever heard. But, I’m still going to ask because this is the most direct way to learn imo :) + +The beauty of algotrading as I understand it is two-fold, it takes emotion out of the equation and gives the trader faster response times. So, if the average Joe trader like me can get the most commercially lowest latency in real-time data from somewhere like Polygon (haven’t actually tried them yet, but that’s what they claim) for a relatively reasonable price, why can’t I literally just write an algorithm to buy on the smallest uptick and sell on the smallest downtick and make profit on every single upturn in any market. + +To take it one step further, I could make a profit on every single downturn in the same market doing the exact opposite. Meaning, I would buy on upticks and continue to hold the long position until a downtick where I would quickly swap to short on the downtrend until the next uptick. Rinse. Repeat. + +And before you say anything, I’m aware of HFTs and how they exploit this strategy already. What I’m suggesting is almost identical except on slightly slower timescales (few ms difference really). Now, I definitely won’t be able to make every single penny possible, but it still must be massive gains if I can react fast enough which I should be able to given those rock bottom real-time latencies from before. And even if I don’t react fast enough, I can still do the exact same thing on much slower timescales (1-2 seconds), which means I miss out on millisecond level volatility, but still make a decent gain from second level volatility. + +So, my question is why doesn’t everyone do this naive strategy and what’s wrong with my thought process? +Hello fellow redditors! I do not know if this post is relevant for this subreddit, if it is not, my apologies. + +I am a second-year student in a Finnish high school and I hope that one day I could work in a hedge fund or in an investment bank as an analyst or as a trader. What should I do to get there? What should I study? + +I am probably going to end up with masters in economics (finance & accounting), can I reach my goal with this degree? I have also considered techinical mathematics and physics degree, but that does require enormous work. I just recently started learning Python and I hope that is at least a step into the right direction. I also have been passively trading (investing) for three years now. + +I do not have anyone who could answer to these kind of questions so I would greatly appreciate any answers. +Hello all, + +I’m leaving a hedge fund as a trader to pursue quantitative finance or computer science. I have a BBA and in retrospect it’s useless. I’m planning on taking calculus II, an intermediate stats class, and intro coding classes next month. What areas of math/computer science are the most helpful for algo trading/quantitative finance? I always hear stochastic processes coming up. I don’t know what I don’t know. Would calc II and linear algebra give me the necessary tools to tackle this topic? Planning on taking pre-reqs then applying to a masters program. +I see a lot of people recommend it for position sizing. The criterion tells you some fraction that you should bet of your current capital. When your capital goes up so does the size of your bets, and they go down together as well. + +But say you are trading for years and years profitably. Do you really just take on more and more gigantic position sizes? Surely the intent must be to make it based on a pot of starting money per day or per week or per month or something? +I made a crypto trading bot through binance, and now these mfs telling me binance is getting banned in 2022. + +I use AWS for my bot, so I’m just curious if I could use an ‘Elastic IP’ that is outside of Ontario such that I can still connect through the api without worrying about being restricted. + +Now I’m not very tech savvy, so I don’t know the answer to this, but it seems like a reasonable idea that could work? +I’m checking that I’ve done my homework to get ready for retirement. Work is OK, but after ~30 years I’m losing interest in working while feeling strongly drawn towards the rest of what life has to offer. A few years ago I took a 7 month break from work and I loved it. I’m considering pulling the plug in the next few months. + +My situation: + +• A 3% SWR on my liquid portfolio would allow me to keep my current comfy spending level and I would still have the ability to increase my spending about 15% and remain within the 3%. Taxes on are accounted for. + +• Portfolio is about 50% index funds and 50% individual stocks. Built it up over the years by saving and investing. + +• There is the potential for consulting income after retirement if I need the cash or miss the stimulation of work. I’m on excellent terms with my employer and I’m reasonably certain I could go back to work for them if necessary. + +• Cash reserves equal to about 14 months of expenses. I know this is excessive but it just kinda accidentally accrued from bonuses and and stock sales. + +• Plenty of hobbies, interests, friends and family to keep me busy, maybe even busier than today. Mostly this is doing a lot more of the things I already like doing today. +I also have ideas for fulfilling but low- or non-paying retirement “jobs”. + +• I have a mortgage which would be covered within the 3% SWR. I could sell stock to pay it off and the net effect wouldn’t affect my lifestyle. But the interest rate on the loan is low and with relatively high inflation, I’d prefer to pay it off later with inflated dollars from productive growth assets. It’s my dream house and I plan to live here for a long time. + +• Various backtest retirement calculators show 0 failures for a 40 year retirement (I’m 51 now) + +• The Personal Capital Monte Carlo simulator shows “very good” 92-95% chance my portfolio will survive and provide enough income. (BTW, Does anyone know why Monte Carlo retirement simulators tend to be less optimistic than backtesting methods like those used in the Trinity study?) + +• My calculations do not include any Social Security income, which I expect to able to start at age 60 due to some specific circumstances in my life. Granted it’s not that much relative to fat-level income, more like a little “mad” money floating around. + +I’m confident that I’m reasonably well-prepared. Right now it feels like it’s the psychological or emotional issues around the transition that are holding me back from pulling the rip cord. + +Anyone else been in this position? What else should I be considering? What should I change? +After 2 years of working 60+ hour weeks and constantly being on call and working while "on vacation", my company finally listed and it wildly exceeded my expectations to over $9m pre tax, living in CA uncle sam wants about half. :-/ +My base salary is 160k yr and have been slowly working towards FI for the past 5 years with about $200k before my payout (few more weeks before that happens) and was aiming to RE sometime in my 40's (currently 32) with plenty of time to come up with a plan of something to retire to. + +My job is OK, I like the people I work with though its very demanding and I don't find it particularly engaging, I kind of figure this isn't the end of the world being most people don't love their jobs and at least I'm compensated well for it (...very well now). + +I have 2 years left to vest the other half of my equity grant, potentially doubling my current equity or more depending on markets in that time, so it seems foolish to just leave that on the table though I'm burnt out and now struggling to find motivation to continue (covid has made this even more of a challenge). + +I am thinking I will request some time off and even try for an extended sabbatical. + + +Would love to hear if anyone else has had a similar experience and how they navigated. + + +Also, for the taxes, are there options to reduce on w2 income, I'm figuring I'll talk to a CPA though I don't own property and not sure what benefit they can really offer. +Right now, I'd say over half my net worth is in real estate and the plan is to keep going. I max out my TSP (government 401k) and two Roth IRAs for my wife and I as well. My primary goal has always been cashflow but I know that real estate is more ***exposed*** risk (and more hands on) than a traditional stocks/bond portfolio. At what point would you recommend stopping real estate investment and switching gears to something that is more conservative and less hands on? + +Or should I just stay the course until I reach my goals, by any means, then diversify asset classes from there? + +Currently 35% of reaching my goal of $20,000/month passive net income using just the real estate. If you count my government pension that I'll get in about 15 years, I'm at 52% of my goal. +Amongst the millions of degenerates on this page, I know there is a substantial portion of you who are scum bag low life ultra bears who are literally **CHEERING and HOPING for WW3 and hyperinflation**, so that you could make a few thousand dollars on your shitty little IV crushed puts. + +Well guess what? Time for some karma you rainbow bellied bitch. + +I'll never judge a someone for hedging their portfolio, but actively hoping for death, destruction and widespread bankruptcy is another thing entirely. + +It's not very nice to want to see the world burn, so that you can make some money. + +The next few weeks will tell that just like every other time we thought the end was here - the world is not actually going to cave in on itself. + +I will bet you all my money (and I have) that the bottom was Monday. + +Reasons why Monday was peak fear: + +* The world is beginning to relax a bit as we understand that USA and Russia are not going to nuke each other +* Europe will not lose access to it's energy +* Fertilizers will not be sanctioned, and the crisis will not trigger a global famine +* Despite what the headlines say, Russia was not cut off entirely from SWIFT. Only some banks were. +* Both sides want some form of peace +* Just by looking at the inflationary data from 2021, you can see that we are about to hit an inflection point in inflation growth. The rise in inflation will start slowing until the actual YOY growth rate of inflation starts falling below 8%, then 7%, then 5% etc. Price levels will not fall, but the growth rate will. +* Oil is falling, and is taking pressure off inflation. +* The markets WANT interest rate hikes now. That means the rate hike today is GOOD NEWS. +* On Monday, SPY tested the 200 day and 50 day MA death cross. We bounced. +* Jerome Powell is about to whisper sweet soothing nothings into our ears, like he always does. + +So in closing, if you were literally cheering for a global catastrophe in the form of WW3 and hyperinflation so that your stocks would go up: + +# You. Are. A. Terrible. Person. + +If that's you cheering for pain, fuck you and you deserve your losses. + +&#x200B; + +\-- + +*Positions: No options. Only shares. QQQ. VOO. U. PLTR. NEGG. INTC. FB. EGLX.* + +*Edit: Part way through the day I sold VOO and to add KWEB, CQQQ, DOYU & HUYA on the news that China is ending the tech crackdown. I didn't see that news before posting this.* + +\-- + +**EDIT: For all the rude commenters below who think I am bag holding, I've got some news for you. I called this downturn months ago and here is my post to prove it. I also said then that inflation would reverse starting now:** + +[https://www.reddit.com/r/wallstreetbets/comments/sbshvd/we\_are\_in\_the\_early\_stages\_of\_an\_inflation\_driven/](https://www.reddit.com/r/wallstreetbets/comments/sbshvd/we_are_in_the_early_stages_of_an_inflation_driven/) + +**While I did not anticipate the full escalation of Russia's invasion, I did anticipate the direction the market was heading.** + +**My money has been safely tucked away in gold ETFs, gold miners and recently potash producers this entire time.** + +**On Monday, I just bought the dip with an account that has gone up 25% since December.** +I’ve finally decided to commit to a full 3 year degree again, but my concern is balancing social, work and study life. + +I’ve studied a total of three years in various degrees (and nothing that could give merit to some courses in my new degree), and was on Centrelink as a Student. I wouldn’t be getting any financial support from them if I did study (or so I believe). This makes me feel like Uni is out of my reach. I would struggle with full time commitment to uni, work and having a somewhat social life. + +Is there any advice for me? Someone in a similar position? + +I’m 23, have 1.25k invested in an etf, $2k emergency funds, $1300 savings for a house deposit and currently working for $45k a year full time. I’m hoping to study in 6 months if I can, or a year if I can’t. Let me know what I should try and do. +https://www.livewiremarkets.com/wires/good-news-aussie-house-price-losses-stabilise-albeit-at-a-16-annual-rate?utm_campaign=8493&utm_medium=wire-page-share&utm_source=linkedin&utm_content=good-news-aussie-house-price-losses-stabilise-albeit-at-a-16-annual-rate +My now best friend got me on the hype train. I thought GME going to the moon was four digits. After a casual meet up he whispered “it could be millions”. + +He was the first ape I ever met. I scoffed. He didn’t budge at all, just told me to do some research whenever I have a spare minute. + +And holy fucking shit. I’ve been all over this subreddit. I’ve cheered. I’ve grieved. I’ve jacked my tits. I’ve smoothbrained. Dude I even developed a little wrinkle. + +All I can think about is being able to call my buddy and whenever it is that moass happens and just screaming and cheering at our shared journey. + +Cheers superstonk. I fucking love you guys. +7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpnetJQBrGI2Hd6rGUNDyRfy3tNUD2DQW7pH5HV6iuwOzKA2DjS0aJXmr4OTZCDpn +Picture this. You walk into a bar, all you want is a nice cold drink, to relax and unwind from a stressful day in the fiat mine. + +You plonk yourself down at the bar. Suddenly you feel an ominous presecence. You turn around slowly and see a smartly dressed boomer smiling at you. + +He proceeds to sit down next to you. "Hey Sonny, did you hear about the stock market? You should take your money out now! We are in a bear market and it's only going to get worse, we haven't seen the bottom yet!". + +You ask the smartly dressed man "What are your qualifications? You sound like you know alot about this". +He replies "Oh I just read about it on the internet, I am actually an uber driver". + +For the next hour he continues to talk about the stock market being down and lecturing you on how to invest your money. Suddenly you find an excuse to go home "gotta go, the dishes are piling up at home cya"! +I've been gathering contacts and individually emailing the investor relations divisions of public companies. My goal is to email all 3100+ public companies. I'm letting each company know the importance and significance this has to me as an individual retail investor. I've emailed nearly 100 companies (so far) and heard back from just under 10 (so far). The responses I have received are usually just one or two sentences saying thank you and they'll forward the request to their reporting team for consideration. If you do decide to contact these companies as an individual investor, it is important to reach out to them individually in a professional and polite manner with a personalized email. One good reason that disclosing DRS numbers may be important to you as an individual investor is that those shares can not be loaned for short selling. Here are most of the contacts I have (so far). If anyone is interested in helping me gather these contacts, please let me know. I can provide a short list to you. I have one other ape who did a lot of digging into the BCG way back when who has been kind enough to help me with my personal project. + +\*I'm not sure how this is going to format below, so please be patient. Looks cute in preview. IDK, might delete later. + + + +msft@microsoft.com + +investor-relations@abc.xyz + +amazon-ir@amazon.com + +berkshire@berkshirehathaway.com + +p.niemetz@panconsultants.com + +ir@visa.com + +shareholderrelations@exxonmobil.com + +JPMCinvestorrelations@jpmchase.com + +pginvestor.im@pg.com + +investor.relations@mastercard.com + +investor\_relations@homedepot.com + +i\_r@bofa.com + +KOInvestorRelations@coca-cola.com + +investor@pepsico.com + +investor@costco.com + +investor\_relations@merck.com + +investorrelations@thermofisher.com + +investor\_us@oracle.com + +investor.relations@broadcom.com + +investor.relations@danaher.com + +investor-relations@cisco.com + +investor.relations@t-mobile.com + +george.connor@verizon.com + +ir@adobe.com + +investor@ups.com + +investors@nexteraenergypartners.com + +Investor.Relations@nike.com + +investorrelations@wellsfargo.com + +investor@salesforce.com + +txn@ti.com + +investorrelations@morganstanley.com + +investor.relations@bms.com + +ir@qualcomm.com + +investor.relations@up.com + +investor.relations@conocophillips.com + +investor.relations@schwab.com + +Investor.Relations@amd.com + +investor.relations@amgen.com + +investorinfo@cvshealth.com + +investor.relations@intel.com + +investors@rtx.com + +investorrelations@honeywell.com + +investr@att.com + +investorrelations@lowes.com + +investor\_relations@intuit.com + +investor.relations@americantower.com + +stephen.tanal@elevancehealth.com + +investor.relations@spglobal.com + +infoibm@us.ibm.com + +gs-investor-relations@gs.com + +IR@aexp.com + +greg.m.gardner@lmco.com + +InvestorRelations@PayPal.com + +ir@netflix.com + +investor.mail@adp.com + +investorrelations@citi.com + +CATshareservices@cat.com + +jsawyer@prologis.com + +ir@servicenow.com + +Ralph.Giacobbe@cigna.com + +irdept@estee.com + +InvestDUK@duke-energy.com + +shareholderservices@southernco.com + +ir@mdlz.com + +mmc.investor.relations@mmc.com + +jason.beach@stryker.com + +investor\_relations@gilead.com + +investor@ge.com + +Investor\_Relations@amat.com + +investorrelations@target.com + +investor.relations@analog.com + +invest@regeneron.com + +investor.relations@intusurg.com + +jeff\_botte@tjx.com + +ir@crowncastle.com + +investors@ngc.com + +investorinfo@vrtx.com + +investor\_relations@progressive.com + +ir@airbnb.com + +eegl@wm.com + +eog\_ir@eogresources.com + +Investor.Relations@dominionenergy.com + +Investors@csx.com + +investor.relations@fiserv.com + +investor.relations@pnc.com + +investorrelations@3M.com + +investor\_relations@colpal.com + +investors@truist.com + +investor@charter.com + +investorrelations@itw.com + +investor.relations@sherwin.com + +investorrelations@generaldynamics.com + +fordIR@ford.com + +int.contact@hcahealthcare-ir.com + +lstamper@humana.com + +BSXInvestorRelations@bsci.com + +investorrelations@micron.com + +investor@uber.com + +ir@activision.com + +Investors@oxy.com + +investor.relations@lamresearch.com + +invest@equinix.com + +investor\_relations@edwards.com + +Investor.relations@eprod.com + +luke.nichols@nscorp.com + +investors@theice.com + +ir@snowflake.com + +hiehmh@airproducts.com + +Investor-Relations@kkr.com + +IR@pxd.com + +IR@modernatx.com + +ir@keurig.com + +Investor@Sempra.com + +ir@paloaltonetworks.com + +ir@moodys.com + +rkowens-paul@aep.com + +investors@mckesson.com + +ir@fedex.com + +Investors@centene.com + +investorrelations@marriott.com + +invest-info@synopsys.com + +investorrelations@adm.com + +kevin.kessel@kla.com + +investor.relations@emerson.com +I've been gathering contacts and individually emailing the investor relations divisions of public companies. My goal is to email all 3100+ public companies. I'm letting each company know the importance and significance this has to me as an individual retail investor. I've emailed nearly 100 companies (so far) and heard back from just under 10 (so far). The responses I have received are usually just one or two sentences saying thank you and they'll forward the request to their reporting team for consideration. If you do decide to contact these companies as an individual investor, it is important to reach out to them individually in a professional and polite manner with a personalized email. One good reason that disclosing DRS numbers may be important to you as an individual investor is that those shares can not be loaned for short selling. Here are most of the contacts I have (so far). If anyone is interested in helping me gather these contacts, please let me know. I can provide a short list to you. I have one other ape who did a lot of digging into the BCG way back when who has been kind enough to help me with my personal project. + +\*I'm not sure how this is going to format below, so please be patient. Looks cute in preview. IDK, might delete later. + + + +msft@microsoft.com + +investor-relations@abc.xyz + +amazon-ir@amazon.com + +berkshire@berkshirehathaway.com + +p.niemetz@panconsultants.com + +ir@visa.com + +shareholderrelations@exxonmobil.com + +JPMCinvestorrelations@jpmchase.com + +pginvestor.im@pg.com + +investor.relations@mastercard.com + +investor\_relations@homedepot.com + +i\_r@bofa.com + +KOInvestorRelations@coca-cola.com + +investor@pepsico.com + +investor@costco.com + +investor\_relations@merck.com + +investorrelations@thermofisher.com + +investor\_us@oracle.com + +investor.relations@broadcom.com + +investor.relations@danaher.com + +investor-relations@cisco.com + +investor.relations@t-mobile.com + +george.connor@verizon.com + +ir@adobe.com + +investor@ups.com + +investors@nexteraenergypartners.com + +Investor.Relations@nike.com + +investorrelations@wellsfargo.com + +investor@salesforce.com + +txn@ti.com + +investorrelations@morganstanley.com + +investor.relations@bms.com + +ir@qualcomm.com + +investor.relations@up.com + +investor.relations@conocophillips.com + +investor.relations@schwab.com + +Investor.Relations@amd.com + +investor.relations@amgen.com + +investorinfo@cvshealth.com + +investor.relations@intel.com + +investors@rtx.com + +investorrelations@honeywell.com + +investr@att.com + +investorrelations@lowes.com + +investor\_relations@intuit.com + +investor.relations@americantower.com + +stephen.tanal@elevancehealth.com + +investor.relations@spglobal.com + +infoibm@us.ibm.com + +gs-investor-relations@gs.com + +IR@aexp.com + +greg.m.gardner@lmco.com + +InvestorRelations@PayPal.com + +ir@netflix.com + +investor.mail@adp.com + +investorrelations@citi.com + +CATshareservices@cat.com + +jsawyer@prologis.com + +ir@servicenow.com + +Ralph.Giacobbe@cigna.com + +irdept@estee.com + +InvestDUK@duke-energy.com + +shareholderservices@southernco.com + +ir@mdlz.com + +mmc.investor.relations@mmc.com + +jason.beach@stryker.com + +investor\_relations@gilead.com + +investor@ge.com + +Investor\_Relations@amat.com + +investorrelations@target.com + +investor.relations@analog.com + +invest@regeneron.com + +investor.relations@intusurg.com + +jeff\_botte@tjx.com + +ir@crowncastle.com + +investors@ngc.com + +investorinfo@vrtx.com + +investor\_relations@progressive.com + +ir@airbnb.com + +eegl@wm.com + +eog\_ir@eogresources.com + +Investor.Relations@dominionenergy.com + +Investors@csx.com + +investor.relations@fiserv.com + +investor.relations@pnc.com + +investorrelations@3M.com + +investor\_relations@colpal.com + +investors@truist.com + +investor@charter.com + +investorrelations@itw.com + +investor.relations@sherwin.com + +investorrelations@generaldynamics.com + +fordIR@ford.com + +int.contact@hcahealthcare-ir.com + +lstamper@humana.com + +BSXInvestorRelations@bsci.com + +investorrelations@micron.com + +investor@uber.com + +ir@activision.com + +Investors@oxy.com + +investor.relations@lamresearch.com + +invest@equinix.com + +investor\_relations@edwards.com + +Investor.relations@eprod.com + +luke.nichols@nscorp.com + +investors@theice.com + +ir@snowflake.com + +hiehmh@airproducts.com + +Investor-Relations@kkr.com + +IR@pxd.com + +IR@modernatx.com + +ir@keurig.com + +Investor@Sempra.com + +ir@paloaltonetworks.com + +ir@moodys.com + +rkowens-paul@aep.com + +investors@mckesson.com + +ir@fedex.com + +Investors@centene.com + +investorrelations@marriott.com + +invest-info@synopsys.com + +investorrelations@adm.com + +kevin.kessel@kla.com + +investor.relations@emerson.com +I keep seeing articles, stories, posts, videos about how much bitcoin investors are panicking. I'm not panicking...have these people actually talked to anyone who holds bitcoin? + +Is anyone here panicking? +I am a 30 year old male with a decent paying job of around £36,000 currently living in manchester UK giving me a monthly income of £2,200 after pension contributions. + +My rent and bills currently amount to about £650. +Post living expenses and other bits and bobs I probably have around £1000-800 per month avaliable. + +I have been topping up my life time isa account each year and currently have £20,000 in there which I was intending to use to buy a house with. I also have another £8,000 in my normal bank account, I would put this into my LISA but can't due to the 4k cap per year. + +I was intending to purchase a flat or house somewhere in Manchester before moving to Europe in a few years time (within 3 years) however with interest rates possibly going up to 5% next summer and with the current economy am not even sure if this is at all a sensible idea. My money is locked into a UK LISA and i cant withdraw the money without penalty (losing 25% - govement contribution), is it sensible for me to contemplate buying a flat in or around Manchester (prices can be 150-200k) for the short term? Or should I just leave this money I here for my pension in another 40 years. +What's that? A day-old coin with moonshot potential? You son of a bitch, I'm in. + +I just wish I could easily determine whether or not the entire project was copy-pasted from DOGESAFEMARS or some other such trash. Checking diffs manually is such a pain, though... what to do... + + +1. Navigate to [TokenSniffer](https://tokensniffer.com/) +2. Copy and paste the contract address into the search bar +3. Scroll down to the section titled 'Similar Token Contracts' and see if there are a multitude of similar projects + +&#x200B; + +[Arbitrary Example](https://preview.redd.it/68kos1b4cyv61.png?width=1451&format=png&auto=webp&s=c4a7d227f87f9e968801681414bc47c60bd27782) + +&#x200B; + +[Wow, this 'project' has a bunch of copycats!](https://preview.redd.it/caihqky2dyv61.png?width=440&format=png&auto=webp&s=3648ecdc7d607c2a6e61e6530d2e9a8ba5d115e1) + +The red numbers in the Deployed column indicate similar projects deployed before the given project. You can easily view the diffs as well by clicking the View button. If you only see individual fields changed, and very little actual work done, you can conclude that minimal work was done on the 'project', and it probably exists solely to pump and dump on retail :) +[Edit: For those interested, I've written a more detailed argument here. Some seemed to want a more rigorous argument to distinguish it from all the shills and pumps on this sub.](https://www.reddit.com/r/CryptoCurrency/comments/mmf4y9/im_a_historian_so_is_my_cat_elaborating_on_why/?utm_source=share&utm_medium=web2x&context=3) + +TLDR: crypto will be the most important asset of the 21st century. (This post is about long term Hodling and not intended to make anyone expect to get rich with YOLO investments). + +I post this because I want to live in a world where wealth is distributed and decentralized. It may be inevitable that big hedge funds and whales end up scooping the largest swaths of crypto markets. But I'd love to read posts in ten years of the 2 million r/cryptocurrency users who held and accumulated and are financially independent. + +**Crypto is not stock or simply digital cash. sure, according to the SEC it's a commodity, but it's really so much more.** + +***It is land.*** + +**...because certain crypto projects, like Ethereum, will be the foundation upon which the rest of the global economy is built.** + +As a metaphor, think of eighteenth century landholders in the United States. (The colonizers, yes. Fucked up, I acknowledge). They owned the economy's foundation: land. Not only could they reap cash from selling land for a profit, but because land had so much power, they could literally shape the map itself. They had the power to build towns, lease real estate, and even shape government (voting was restricted to landholders for the early part of the century). + +My thesis: Cryptocurrency will be no less powerful. And those who hold it early (because it's still early af) will be the ones who shape the century, *or will at least maintain enough financial independence to smoke bowls all day in your favorite sweat pants like I plan to.* + +**Much like land could, crypto can command resources, accumulate interest, host business development, and much more. Accumulate 32 Eth for your own node and you're the owner of the digital equivalent of investment real estate, earning a dependable ROI perpetually. Own Chainlink, and you control the toll road between phsyical/digital assets. And so forth...** + +This sort of wealth creation comes once in a century, and as big money enters the arena, crypto will become very scarce and very expensive. Now is a person's chance to accumulate a form of capital that IMO will be comparable to land in it's significance to the global economy. + +The big money has known this for years as they quietly accumulated. But it's still early. + +So DYOR, make up you're own mind. Just don't take this lightly, or in 50 years your grandkid's first words will be "dumb fuck". + +\[This is not financial advice: this post was typed by the ass of a very cute cat sitting upon the keyboard while the user lays drunk on the couch\]. + +&#x200B; +&#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 +Alphabet reported earnings after the bell. Here are the results: + +* **Earnings per share (EPS):** $24.62 per share, vs. $25.91 expected, according to Refinitiv +* **Revenue**: $68.01 billion, vs. $68.11 billion expected, according to Refinitiv + +Wall Street is also watching other key numbers in the Alphabet report: + +* **YouTube advertising revenue:** $7.51 billion expected, according to StreetAccount +* **Google Cloud revenue:** $5.76 billion expected, according to StreetAccount +* **Traffic acquisition costs (TAC):** $11.69 billion expected, according to StreetAccount + + +Also: Alphabet announces $70 billion buyback [https://www.cnbc.com/2022/04/26/alphabet-announces-70-billion-buyback.html](https://www.cnbc.com/2022/04/26/alphabet-announces-70-billion-buyback.html) + +Source : [https://www.cnbc.com/2022/04/26/alphabet-to-report-q1-earnings-after-the-bell-tuesday.html](https://www.cnbc.com/2022/04/26/alphabet-to-report-q1-earnings-after-the-bell-tuesday.html) +Im curious to know if anyone on this subreddit has blown their accounts or taken major losses from selling options, or could some explain a situation in which major losses could occur, my option selling is going well and it seems the same for others, I am still somewhat new but it seems like high probability constant trades that keep your account growing at a steady pace. There are so many ways to profit based on how option payouts are set up, (kind of like insurance in that there are premiums) so truly what is the worst that can happen? +As a recovering addict/alcoholic I’ve never done anything regarding investing or retirement.Now that I’m sober and nearly 40, I’m trying to get a financial plan together. My family never had money growing up so I’m very financially illiterate. + +Basically, I have $315k liquid cash and no debt. I just have a savings account where I have deposited every dollar I've ever made. + +I just can’t seem to find any clear recommendations for appropriate allocation percentages in each type of investment. + +How much should I put in stocks (and bonds)? Or what percentage of available cash should be allocated to stocks?How much should I put in a 401(k) or some sort of IRA? I’m self employed.What do I do with the rest of my money? Put it into CD’s? + +Any advice or thoughts are welcome. Thank you. + +&#x200B; + +Edit 1: You guys have been so amazingly helpful thus far. There is so much helpful information in the responses. + +My follow up question: How does one choose a good financial adviser? You've convinced me to sit down with somebody. There seem to be countless options for advisers. Any recommendations on how to select one would be greatly appreciated. + +Edit 2: Actually is it worth getting a financial advisor? + +Edit 3: Silver? Aww, bless you kind Redditor. +I must admit sometimes I be sad thinking how could I get such insights and knowledge after MOASS. You apes taught me so much during these months. More than years following greed, stupid, liars fintwit boomers. + +Part of my tendies will be spent in deep financial education, in view of, in the future, sharing these with poorer people to, once again, transfer wealth from market thieves. + +I love you (Gamestop)! My favorite videogame is Wii Sports. 🚀🚀🚀🚀 +Hi, I need some advice because I'm scared and confused. So, I'm not a UK citizen, I'm from Eastern Europe, english is not my first language (you may see errors in this post), and I'm not fully aware of the system. I moved to the UK in 2019 and left this July. + +Today i got a letter saying that I owe £57.86 Council tax between the period of 01.04.2022 to 20.07.2022 plus £97 Court cost. This letter was issued on 27 October. I just checked my bank statements back to January and I was 100% sure I paid every single month but April is missing indeed. + +I was transferring the amount manually until I got bored of it and set up a direct debit in March. Now, one can say I'm irresponsible but for not checking my balance at the end of April to be sure I have been charged, but let's be honest, who would do it? That's the idea behind direct debit isn't it? You set it up and forget about it. But they haven't charged me in April and said noting about it until now. They only started charging me in May and and my last payment was in July according to my bank. According to my account on the council's website however, it shows that the last payment was in June. + +I don't really get this. Tomorrow I'm about to call the council enforcement team, but I have no idea what to tell them? Would they be understanding with me? I don't really think it's my fault that they haven't charged me until May even tho I've set up the dd in March. The letter also says if I pay the full amount before the hearing, its done. But the hearing took place before I even get this letter. Some advices would be great before I call them. Thank you + +edit: spacing + +update: +I called them today. The lady on the line was really strict about the court cost but after explaining 4 times that I've left the country permanently in July, and I literally just recieved the summoning with no warnings/notices before, she finally looked into the mail-something (I could not understand) to check if there's any undelivered letters. She immediately changed voice and realized that I AM INDEED ABROAD and it makes no sense to send me any more letters if they arrive this late or not arrive at all. + +She finally let the court cost go, and told me that as soon as she can see that I paid the debt, it is done. + +Honestly, until the point she checked the mail thingy, I felt like she doesn't believe what I'm saying, she never actually said it, I just felt it. Probably she had her reasons for this, idk. + +She also asked me why haven't I called them before I left the country to ask if I own any money. (weird?) I explained that I called the council about 2 weeks before I left, and asked if there's anything left to sort out, they said nothing, call HMRC. +I called then HMRC, they said it was pointles to call the Council because I must tell the HMRC if I left the country anyway, and whatever I report to them, they send it to the council anyway. And they also haven't told me a thing to do other than completing a form. + +After the call, I transferred them the missing amount. Hopefully that's the end of the story. +Thank you everyone for the advices and for the kind words! :) +I am sick of all my food being frozen or canned due to expense. I just want to eat tons of fresh veggies and fruit but I feel like I can't afford it. I already buy the cheapest, seasonal stuff I can get. I'm not at the point I need to go to a food pantry; just want some tips to how to make eating fresh food more affordable. +"A bank is a financial institution that accepts deposits from the public and creates credit." (WP). + +The "creates credit" aspect is the central concept of a bank. A bank creates credit. Lending money is the core business model of banks. So something which doesn't lend money isn't a bank. The core concept of LN is that money in a channel needs to be funded first. A LN node doesn't lends money, so it isn't a bank. + +Lending money is also the real problem, risk etc with banks: + +If a bank lends out money to the wrong people, the bank can become bankrupt and all their customers deposits can't be payed back anymore which can create lots of trouble if banks hold lots of money. A LN channel only has the money which is funded first so it can't go bankrupt. People will always get their money back. There is no possibility of a bank run or economic collapse as with banks. + +Also a bank can create "money from nothing" because of fractional reserve banking: The bank can lend money it doesn't have, needing only a fraction in reserves. That's what's known as "fiat money" and this has its own risks. With LN this isn't possible because channels needs to be funded with 100% of the money they contain, so also no risk here. + +So LN doesn't creates "banks" again. LN nodes are no banks because the core aspect, "creating credit" is missing. People who repeat FUD like "LN just reinvents the banking system" simply have no clue how banks work and where the real risks are - or they use this analogy to push their agenda. So be aware. + +Throwaway for obvious reasons but I could use some advice. Basically my situation is this, I invested in Bitcoin in 2011, my strategy has always been to sell some then hold the rest for future price increases (or bubbles), rinse and repeat. + +I now have a portfolio of crypto (Bitcoin in the minority) which is currently worth 1 million AUD. Bitcoin is such a shit show these days that most of the coins I have now have been purchased in the last 12 months. I have already sold enough this financial year that I'm in the top tax bracket and have nothing left to sell that will qualify for 50% capital gains reduction till about April. I've got about 350K in cash and own a unit with no debt. + +So the issue is this market is pretty crazy right now and there's lots of irrational exuberance. The valuations of some coins are pretty insane. I'm not comfortable holding so much money in crypto even though I believe in it, but on the other hand I can't sell any with out losing 47% to tax (I have zero interest in trying to hide the profits from the ATO and will pay any tax I owe), so it's a bit of a dilemma. + +What would you do in my situation? I know this post will probably rub people up the wrong way as it will appear like a humble brag but I could use some input from you wise folk. + +Looks like Afterpay were able to recapture market-share from Zip-Pay (in-store use 40% of Revenue) vs Afterpay (In-Store 12% Revenue). + +Any afterpay shareholders manage to get in during the crash? Was able to average down from $28 to $15 with some big buys at $10 by pure dumb luck and shoddy reasoning (thinking they were a buyout target.) +Golem has been flirting with the #14 spot on coinmarketcap all day and is currently valued with a market cap at just over $23MM. By comparison DigixDAO is currently holding onto the #18 spot at $18MM. + +Both /r/GolemProject and /r/Digix have ~600 subscribers, but actually /r/GolemProject has relatively active postings from today and the last couple days. /r/Digix last post is more than a week old. + +DGD is listed on the sub ticker (as well it should be). I'd like to request that GNT be added, as well. It's a great project with a well performing token and active community. Thanks so much! +Ethereum is trading at over $17 on a few exchanges already and the average price is at $17 for the first time in our history. It's been a great weekend and a great Monday so far. + +https://www.cryptocompare.com/coins/eth/markets/USD +The purpose of this governance vote is to address donut farming from memes and tweets. The proposal includes all of the following changes. + +1. All memes must be posted with the flair “comedy” +2. All images of tweets/reposts of social media must be posted with a flair of “media” +3. Karma weighting for posts with the flairs “media” and “comedy” will be reduced to 10% for donut distribution +4. Restrict the ability to edit post flairs to only mods + + +Link to [Poll Proposal](https://www.reddit.com/r/ethtrader/comments/le7c6u/poll_proposal_change_donut_distribution_for_memes/) + +[View Poll](https://www.reddit.com/poll/lg6sbe) +There is a website called fundrise. It is where you invest on real estate portfolio. It is like robinhood app, but for real estate. Has anyone tried? If so, is it worth it? +Hi all, + +I'm currently looking to purchase real estate and have about 400k to spend and as a day job I have a stead annual income of $100k+. My thought is to keep the 400k in real estate and keep the earned money in RE and keep expanding my portfolio. By the end of seven years the goal is to have a million dollar portfolio which seems extremely doable. I'm currently seeking advice on what YOU would do with this money. One thought is to buy a few duplex or triplex buildings but on the other hand purchasing a larger unit building seems more appropriate and easier to handle. I've owned a triplex before and have managed it for 15 years plus but never really started a true portfolio, I was satisfied with just that. +I have out of state rentals that are fully managed by a PM. I was recently reading a blog and the owner referenced her PM sending her the applications for review and tenant selection. It never occurred to me that this could be an option. I could see a value to this but I think it may be a bit “in the weeds” and not the best use of my time. Just curious what everyone else does. +Hello, + +Long time researcher who's looking to make the move to my first investment this year, but I have a couple questions. I'm looking to clear up one gray area I have when it comes to investments, and that's how to find them. I have a friend that recommends wholesalers vs finding houses on the open market with a realtor (Or searching Zillow/Realtor.com) but I have no clue how to even go about finding a wholesaler. What does this process look like and what methods do you use when finding a property? Thanks. +I've recently started thinking I should put some of my capital to work in residential real estate. I've been to one local investment mentoring group's meeting, and am about to go check out another. + +One thing I can't really get my head around: why is mentoring even a thing, in real estate? If you care about cash flow, then it seems counterproductive to groom your future competition. Because if you do a good job of it, all your young padawans will start bidding against you on prospective properties. + +*EDITS: grammar, typo* +I am new to real estate investing. As everyone knows, the market is at an all time high and it's the longest bull market ever. Also, the yield curve has been inverted long enough to suggest that the stock market will go down in 12 months or so. My question is this - do changes in the stock market affect housing prices in the same way? If there is a recession next year (whether you believe the yield curve thing or not) will that make housing prices drop too? What is the association between the stock market and housing prices? Thanks. +Okay so I have some experience investing in real estate, I own a home that I currently house-hack along with two others that I’m renting out. + +I want to pursue this full-time, but don’t have enough income to keep qualifying for loans. I have enough saved to cover everything (20% down payment, monthly mortgage, property taxes, etc) but the “on-paper” income is the only issue from getting financing. + +Any workarounds to this? There’s a great property for sale in my neighborhood and I would love to buy it, but it’s unfortunate that traditional financing doesn’t seem to be an option. + + +I have and live in a home that is worth 300k and I owe 165k on the mortgage. I just refinanced, so my payment with escrow is 900 a month. I could rent this house for about 1600 a month. My wife and I have been saving for our next home and we are wanting to keep this one as a rental. Is that spread good enough to rent it out? I am actually a newbie when it comes to real estate, but it's been kind of a dream of mine to own rental properties ever since I was 18. Is there an equation I should follow when deciding if renting a property makes sense? Books/websites I should check out? I want to make 2021 the year that I get real estate smart and own my first rental. +I’m looking for someone to point me in the right direction. + +How do I get started? +Where do I find the deals? +What do you say to landlords? +Can you go directly to a leasing agent? +Can you protect your furniture( some sort of insurance)? + +I have a LLC already and I know my market and what the avg rate is per night on Airbnb is in my area. + +Help getting started would be awesome! +It seems to be a no-brainer for most looking to buy properties. And I suspect many of you would be to: + +\- get MLS listings +\- not completely rely on a broker +\- fully understand the transactions +\- save 3% at closing + +Any other good (or not so good) reasons an investor shouldn't be licensed? +Like I have a few contractor friends but some of the prices they throw out for Turn key ready remodeling etc are just insane. 30-50k rehabs etc. Any tips etc or are you guys just able to pay full retail on remodeling? +It seems extremely rare to find homes that fall in the 2% rule. Where in the United States can you find a $50k home that rents for $1k or a $100k home that rents for $2k? + +It seems this rule would only apply to D grade properties that carry much more risk, or maybe a large apartment complex. + +Was this rule invented back when interest rates were much higher and average home prices much lower? How about using a (net rent after vacancy / monthly PITI) ratio instead? +I have out of state rentals that are fully managed by a PM. I was recently reading a blog and the owner referenced her PM sending her the applications for review and tenant selection. It never occurred to me that this could be an option. I could see a value to this but I think it may be a bit “in the weeds” and not the best use of my time. Just curious what everyone else does. +Hi everyone, + +I’m curious as of to what you guys think the best way to get started investing in the real estate industry. I’ve been looking at Fundrise and was wondering if that’s a safe and reliable way to start and get my feet wet. Personal beginner experiences would be nice to know as well. Thank you! +Hi everyone, + +I’m curious as of to what you guys think the best way to get started investing in the real estate industry. I’ve been looking at Fundrise and was wondering if that’s a safe and reliable way to start and get my feet wet. Personal beginner experiences would be nice to know as well. Thank you! +I'd guess about %20 of residents have dogs. So I doubt it would ever happen, but I'm curious. + +It would take away small sitting area that never gets used. +My apologies if the question seems basic. + +I'm looking at their basic stats such as costs, but lost on where to find documentations that details these specific terms. I sent a message to Vanguard representatives and received a seemingly detailed reply: + +*** + +Our Vanguard Total Stock Market Index Fund is now offered in two share +classes: our conventional mutual fund Admiral share class (VTSAX) and our +exchange-traded fund (ETF) share class, which trades under the ticker +symbol VTI. + +Vanguard Total Stock Market Index Fund had also been offered as an Investor +Share class, which had a higher expense ratio, or cost, than its Admiral +share counterpart, but had a lower initial investment minimum requirement. +However, the Investor share class of Total Stock Market Index Fund has now +been eliminated. + +The Admiral share class of our Vanguard Total Stock Market Index Fund was +previously available to investors with a $10,000 minimum investment. Now, +you only need $3,000 to purchase into the lower-cost Vanguard Total Stock +Market Index Fund Admiral Shares. + +Vanguard ETFs, including VTI, have an initial minimum investment of the +price of one share. + +MUTUAL FUNDS AND ETFS>> +Both the conventional mutual fund and the ETF share classes of Vanguard +Total Stock Market Index Fund invest in the exact same companies. + +Vanguard ETFs invest in domestic, international, and sector-specific stock +and bond index funds, and cover a range of market segments, investment +styles, sectors, and industries. The investment objective and policies for +each Vanguard ETF are the same as corresponding mutual fund share classes, +with one exception: ETF shares trade continuously on the stock exchange, +and at market prices rather than net asset value. + +Continuous trading allows you to buy and sell ETF shares throughout the +day. Mutual funds, in contrast, are priced once daily after the market +closes. + +ETFs may trade at a premium or discount to their net asset value. The +market price of an ETF is determined by the prices of the stocks and bonds +held by the ETF as well as market supply and demand. + +ETFs and conventional mutual funds have expense ratios--annual operating +expenses--expressed as a percentage of assets. Expense ratios for most ETFs +are lower than those for conventional mutual fund shares. This is because +ETFs do not have recordkeeping expenses that conventional mutual funds +have. + +At Vanguard, you'll see this difference if you compare the conventional +mutual fund with its corresponding ETF. For example: as of April 26, 2019, +the expense ratio for VTSAX was 0.04%. On the other hand, the expense ratio +for VTI was 0.03% as of April 26, 2019. + +You can get more information about Vanguard ETFs including information on +buying, selling, and pricing, at: +https://investor.vanguard.com/etf/faqs + +To learn about the differences between mutual funds and ETFs, please access +the link below: +https://investor.vanguard.com/etf/etf-vs-mutual-fund + +Trading limitations, funds’ expenses, and a minimum investment apply. See +the Vanguard Brokerage Services Commission and Fee Schedules on +vanguard.com for full details, including limits and exclusions. + +**Vanguard ETF shares are not redeemable with the issuing fund other than +in very large aggregations worth millions of dollars. Instead, investors +must buy and sell Vanguard ETF shares in the secondary market and hold +those shares in a brokerage account. In doing so, the investor may incur +brokerage commissions and may pay more than net asset value when buying and +receive less than net asset value when selling.** + +*** + +I felt that I should share this and call for a bit of help on deciding beyond the FAQ. It would be appreciated. +In week 9 of Goldman's "Measuring the Reopening of America" report series, the analysts see the first reversal in the rate of progress towards normalization across the aggregation of data covering "Stay at Home" (food delivery, eCommerce, streaming media, grocery sales, etc.) and "Back to Normal" (commuting, box office, travel, etc.) categories. + +While conditions vary widely from state to state, based on "high frequency data across a number of micro data points" Goldman is finding the first regression in 9 weeks of steady improvement as consumer behavior respond to more restrictive policies in states with rising COVID cases. Over the past 7 days (week ending July 1), "back to business" categories like dining and retail fell w/w while "stay at home" categories like online media, food delivery, video chat apps, and home fitness reaccelerated. + +Y/Y % change for week ending July 1: + +* Video Game Consumer Spend +101% +* Grocery Apps +74% +* eCommerce Apps +54% +* Online Payment Apps +38% +* Department Store Spend +30% +* Mortgage Application +17% +* Streaming Apps +6% +* Food Delivery Apps +2% +* Weekly Retail Visits -20% +* Commute Apps -27% +* US Occupancy -42% +* Kayak Domestic Flight Search Volume -56% +* OpenTable Reservations -62% +* TSA Passengers -78% +* Live Event Apps -81% +* Top 10 Box Office Gross -100% +It's benefit open enrollment season so I figure this discussion may be relevant to some people. + +My company has about a dozen health insurance plans to choose from, and I've narrowed down to 2. Premium is covered 100% for both by my company. + +**Option 1** + +$1,000 deductible + +$5,000 Out of Pocket Max + +$30 co-pay for PCP visits + +$60 copay for specialist visits + +30% coinsurance for most "serious" treatments (surgeries, hospital visits, etc.) + +**Option 2 - HSA eligible** + +$3,000 deductible + +$5,500 Out of Pocket Max + +10% coinsurance for PCP visits + +10% coinsurance for specialist visits + +10% coinsurance for most "serious" treatments (surgeries, hospital visits, etc.) + +&#x200B; + +Obviously this is a very personal decision. In my case I'm a healthy 20-something that does not anticipate needing healthcare this year. Is having HSA access worth it for a higher deductible and a coinsurance for doctor visits? +I am sick to my stomach as I write this, haven’t slept in a day either. Changelly put a hold on my Bitcoin swap to usdt in the ledger live app and I am irate. I got ahold of them on support and went thru all the motions of verification and everything checked out and then they ghosted me! It’s been a couple hours now and I’m just getting more uneasy by the second and feeling like they will not return my funds. What should I do? What would you do in this scenario? Had I known the swap ledger used was changelly I would have never even attempted. Now I’m tired sad and depressed because of this and I’m really trying to resolve this as quick as possible! Please someone help or give me a glimmer of hope at this point I am desperate + +UPDATE: I got my funds back in a timely manner I am now blacklisted from using changelly which is totally fine by me. Please do not make the same mistakes I did it will cause you a great deal of stress!! Thank you everyone for creating some ruckus to get these folks attention 🙏 +Don’t believe everything you read, new post with large amounts of bullshit dd from some fucking hedge fund turd burglaring dummy pool saying they are covering short with puts which is impossible, REMEMBER WHAT WERE DOING THIS FOR, ITS NOT THE MONEY, WERE TIRED OF GETTING KICKED BY THE 10%, THEY FUCKING CALL YOU DUMB MONEY, LETS PROVE TO THEM JUST HOW FUCKING RETARDED WE ARE, don’t forget the subliminal messages from DFV along with the blatant ones. HE STIlll LIKES THE STOCK, HOLD STRONG RETARDS IM WITH YOU +We have a lot of big purchases we need to make. We need a new car, a new mattress, and would love to stop paying rent and buy a home. Not to mention, we need to SAVE. The decisions we need to make with this is causing me so much anxiety. I’m so happy we won’t be living paycheck to paycheck anymore, but holy shit, the fear of making the responsible choice is weighing on me. Anyone have any experience with a financial advisor? +https://imgur.com/gallery/1VasX0T + +If I had been wrong about these picks I can only imagine the amount of posts that would be created making fun of me and my watch list. Instead I was right and everyone is silent. + +When I first posted the watch list people mocked my picks and told me to give up trading. Honestly it started to get to me, I have lost almost all my money, maybe I am a bad trader.. + +But I’ve proved myself. I think one person mentioned that “wow you flipped a coin 4 times and got heads” -well now I’ve flipped the coin 8 times and I got heads 7 times. How can 7 correct picks possibly be a coincidence? + +I feel that a lot of you guys just downvote my stuff because you assume everything I say is wrong or stupid. That’s not always the case and you shouldn’t act like you know with such mocking arrogance. + +I am not delusional. If my watchlist had gone tits up I would 100% admit that I’m a bad trader. However I put in the work for these picks. I spent hours reading news and looking at spread sheets. The work paid off and I was right, if you did my plays right they would’ve net you 100% gains. + +I realize when you look at the picture my gains are small. That’s because I’m using all the money I have left. I do have skin in the game though and I’m not a paper trader. I would’ve bought closer in the money calls however they were too expensive, that’s why my gains aren’t all 100%’s. + +I have an ultimatum, I will release another watch list and if that fails I will quit trading. Maybe it is all a coincidence and I got lucky. Next week I will prove without a doubt that I am a good trader. I don’t mean to be boastful when I say this, I get it, I’m no warren Buffett. However this next watch list will prove that I’m a good trader. + +Many people have asked, why am I so dead set on proving myself to a bunch of autists? I want to end this group think crucification of me as an idiot, gambling addict. I have the right defend my point of view. The current public opinion of me is false. I aim to show people the truth. +I've seen a couple posts about Fidelity trying to get in front of the freight train filled with apes on their way to Computershare. I also had a lovely 30 min conversation with someone at Fidelity when I called to transfer my shares to CS. The rep said (abridged) "We've been getting a lot of calls about DRS this week. I just want to let you know that your shares ARE SAFE in your Fidelity account and they CANNOT be loaned out for short selling." + +I said "Ok, that's great, thank you. The reason I want to move my shares is because I want them registered to my name, not a street name." That seemed to be the trick because the next thing she said was "Ok, let me process this request for you." + +Beautiful Apes, remember that DRS transfers are about registering your shares to your name. Not to Fidelity, TDA, WeBull, whoever else, so they can give you a little IOU. You are not technically a shareHOLDER when you buy stock through a broker. You are nothing more than a share BENEFICIARY with the same legal rights as a shareholder. + +LEGALLY they are the same. *FUNCTIONALLY* they are very, very different. + +If you get pushback from your broker when doing a DRS transfer, tell them you simply want the shares directly registered to your name, and ask if they offer that service. They will shut up. This is how industries change. If we want brokers to stop giving out IOUs while they keep fuxing with "our" shares, we need to show them that direct registration is important to us. This DRS move is clearly affecting their business and the smart ones will adjust their business models to tap into a clearly untapped market. + +\*\*\* TA;DR - Just tell your broker rep "I just want my shares directly registered to my name. Are you able to do that for me?" + +Not financial advice. + +\----- + +And to Fidelity, I love you. I never stopped loving you. You have been one of the biggest Ape allies during this GME saga. I will continue to use your services. I do feel bad that you are caught in the turmoil of this, but we can't change this broken system by continuing to make the same moves. Like I said above, if you're smart (and I believe you are) you will find a way to allow DRS through your platform. Honestly though, you should have been keeping up to date with Ape discussions and realized this was coming because it's been talked about for months. You could have enabled DRS and you would have kept all these shares. But you weren't agile enough and now here we are. +I've had terrible experiences with getting E\*Trade to DRS shares over the past year. Initially, it would take a couple weeks but the most recent request took months. It took them 10 weeks to answer emails; and phone calls, well they were a fucking joke. This all seemed to Cohencide with utilization reaching 100%. As utilization reached higher and higher, my DRS requests took longer and longer to go through. And they continue to point fingers at CS regarding my cost basis - they say "we've sent CS your CB." Yet CS hasn't received them - EVER. + +The experience was annoying enough that I decided to sit on the shares in E\*Trade...waiting for the split announcement. + +And sure, this *could* be an actual coincidence. E\*Trade is working through the recent acquisition, combining teams, etc. I could see a totally plausible reason. My experience wasn't unique to me, nor is it unique to E\*Trade. I've seen tweets and posts on here with similar comments. + +**But what happens when those shares hit your brokerage account and you decide to DRS those shares?** + +What happens when brokers realize there are more shares in existence through brokerage accounts than the free float? + +What happens when the brokers, the same ones that have been taking your money and depositing IOU's in your accounts, receive an influx of DRS requests for those newly minted IOU's? + +**They have to find REAL shares. At their expense.** + +And if the number of synthetic shares are *anywhere* near what has been suggested, brokerage-held GME shares *are already* beyond shares outstanding. + +This is the catalyst. Greed vs DRS. +There's a lot of speculation over on r/btc about how the USD tether token USDT is experiencing hyperinflation and that it's only a matter of time before that bubble bursts causing a BTC crash. + +What are people's thoughts about the effect on ETH price? + +My own view is that Ethereum's underlying fundamentals are very strong and therefore any negative impact on ETH would be temporary. Plus the cryptocurrency economy is bigger and more diverse than it was when MTGOX happened, which would also cushion the effects. + +Thoughts? + +Edit: how about at least some of the people downvoting this post a reasoned reply instead of just hitting the downvote button? +**For speculators** + +> Because of the lack of high electricity consumption, there is not as much need to issue as many new coins in order to motivate participants to keep participating in the network. It may theoretically even be possible to have negative net issuance, where a portion of transaction fees is "burned" and so the supply goes down over time. + +**For miners:** + +> without any additional disproportionate gains because at the higher level you can afford better mass-production equipment. + +In plain English, the gains will not fluctuate towards big mines that can afford to buy in bulk or even produce their own rigs. + +**Vulnerabilities (51% attacks, selfish mining) reduced** + +> Possibly reduced vulnerability to selfish-mining attacks through "co-operative game theory", though proof of work can also do this to some extent. + +> Ability to use economic penalties to make various forms of 51% attacks vastly more expensive to carry out than proof of work + +**How does validator selection work** + +> (1) and (2) are easy to solve; the general approach is to **require validators to deposit their coins well in advance**, and not to **use information that can be easily manipulated** as source data for the randomness. + +**Exchange attacks & Pooling** + +> Exchanges will not be able to participate with all of their ether; the reason is that they need to accomodate withdrawals + +> Pooling in PoS is discouraged because it has a much higher trust requirement + +> A proof of stake pool can pretend to be hacked,destroy its participants' deposits and claim a reward for it + +> On the other hand, the ability to earn interest on one's coins without oneself running a node, even if trust is required, is something that many may find attractive; all in all, the centralization balance is an empirical question for which the answer is unclear until the system is actually running for a substantial period of time. + +**PoS Mining Profitability vs. PoW** + +> Assumption: Moore's law exists, ASICs depreciate by 50% every 2.772 years (that's a continuously-compounded 25% per annum; picked to make the numbers simpler). If I want to retain the same "pay once, get money forever" behavior, I can do so: I would put $1000 into a fund, where $167 would go into an ASIC and the remaining $833 would go into investments at 5% interest; the $41.67 dividends per year would be just enough to keep renewing the ASIC hardware (assuming technological development is fully continuous, once again to make the math simpler). Rewards would go down to $8.33 per year; hence, 83.3% of miners will drop out until the system comes back into equilibrium with me earning $50 per year, and so the Maginot-line cost of an attack on PoW given the same rewards drops by a factor of 6. + +===> SOURCE: https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ +There's a lot of speculation over on r/btc about how the USD tether token USDT is experiencing hyperinflation and that it's only a matter of time before that bubble bursts causing a BTC crash. + +What are people's thoughts about the effect on ETH price? + +My own view is that Ethereum's underlying fundamentals are very strong and therefore any negative impact on ETH would be temporary. Plus the cryptocurrency economy is bigger and more diverse than it was when MTGOX happened, which would also cushion the effects. + +Thoughts? + +Edit: how about at least some of the people downvoting this post a reasoned reply instead of just hitting the downvote button? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +The only reason this even gets so much attention is because there was a large group of retail traders gaining from the momentum. It wasn't 'us' who made the stock go from 18$ to 38$ in a day, it wasn't us who made it go from 40$ to 70$ in 1 day, we were just along for the ride. + +Don't let them put the blame on us, fight against any regulation! Why ban stocks from being shorted >100%? Maybe Gamestop can happen again then? + +&#x200B; + +Yes, maybe good regulations could be made (like banning the sale of order flow like robinhood does) but in the small text they will always put a clause that lets your wife's boyfriend fuck you in the ass.Just leave robinhood and join a real broker. + +&#x200B; + +Elizabeth Warren doesn't want the stock market to behave like a casino, which means she doesn't like the entire point of WSB. + +"These wild fluctuations are just the latest indication that many private equity firms, hedge funds, and other investors, big and small, are treating the stock market like a casino, giving little consideration to the companies, communities, workers, and consumers that may be affected by these risky bets," + +&#x200B; + +anyway just venting, peace +Just out of curiosity and since WSB would probably flame the 💩 out of me lol. + +So Friday GME had a gamma squeeze which resulted in all calls being ITM. After markets closed, they added strikes prices beyond $60 all the way to $115. + +As of right now, the stock is bordering around $98. At PM or even when the markets open, are there going to be strikes prices even further OTM than $115 maybe to like $200?? + +Having said this, wouldn’t this result in another gamma squeeze since I know call sellers will have to hedge by buying more shares but it would only drive up share prices which also makes more calls ITM?? + +Like literally this is just a positive feedback loop until someone ends up bagholding at some ridiculous amount, hoping for it to be Melvin though not some poor idiot who yolo’d their life savings/took on debt. +For my own mental health, I've decided to temporarily delete my trading apps, stocktwits, and unsubscribe from any trading, investment, or individual stocks subs while we go through this correction. + +I'm still long on my penny stocks and haven't sold a single share, and I could indeed afford to lose every penny I've invested without having any impact on my life. However, I've proven to myself that these ups and downs have too much of an impact on me emotionally, and I am quite genuinely wasting my days staring at the share price and reading everyone's speculation. I'm fully addicted and it is having a significantly negative impact on my quality of life. + +Best of luck to everyone. I do still believe in my investments and that I will turn a profit. I just need to get my life back and let this all unfold naturally. Good luck everyone. +This is more a commentary on the sub meta, but overlaps with a lot of online societal issues. Being one hundred percent sincere, a lot of you are showing signs of radicalization and genuine cult like behavior over meme stocks. + +This sub has always had its in jokes about gambling addictions and going long on $ROPE that alluded to some real life issues members would occasionally experience, but this is different. Ever since $GME, this sub has morphed into a genuine echo chamber which is fed by bot farms giving individual investors a false feeling of social support and acceptance for logically indefensible investing habits. Lets take a look at $BBBY. The CFO was witnessed by his wife committing suicide and the conspiracy theorists are already running out theories that this was to cover up nefarious activity by short sellers rather than just a man giving into despair. If you are looking at these theories and using them to justify continuing holding bags in $BBBY, I am talking to you. You need help. Talk to a friend or family IRL, delete reddit for a while, and just decompress. + +This is a sub for making money. If your DD stops being about earnings reports and trend analysis, and starts being about international financial conspiracies killing the executives of a failing retailer, rethink what you’re actually doing and how you got here. + +Edit: The cultists have found me out. I’ve spent years undercover on this sub in preparation for this very piece of FUD. It’s just here to hold them back from that glorious moment that is definitely just around the corner where they will make millions, the hedgies will go bankrupt, and the NYSE and SEC will do nothing to stop the stock market erupting in turmoil. +Just curious. + +Edit: I came across [this post here](https://np.reddit.com/r/AusFinance/comments/896n1j/rausfinance_what_are_you_planning_to_buy_or_sell/) from approximately a year ago and found it interesting to compare user comments with what eventuated, and thus felt compelled to post the same question. +Saw the article on the AFR this morning about this new broker - backed by Afterpay and Zip backers. + +[https://www.superhero.com.au/](https://www.superhero.com.au/) + +$5 flat fee trades for any amount, plus they accept PayID. + +However you cannot amend orders yet (you can input or cancel) and there is no live pricing unless you pay for it. + +Could give Selfwealth a run for their money. +[https://www.theguardian.com/technology/2022/nov/04/how-i-lost-1m-during-the-pandemic](https://www.theguardian.com/technology/2022/nov/04/how-i-lost-1m-during-the-pandemic) + +Interesting and well written article which explores how making money quickly changes the way you think about it, and how easy it is to become essentially a gambler. +I personally hope it carries on for a few months so I can snatch up my fave coins on discount. + +But I just confess I am surprised at how happy and calm I am. I'm still in profit as I bought in late January but I am super excited about pay day coming soon and it's a huge discount! + +End of the day everything I have paid in is money i was prepared to loose and I plan to hodl for a long time. + +Yes at first I was a bit panicked when Elon first tweeted but the day after waking up and seeing an even larger dip I was genuinely excited! I little end of lockdown sale! +This past couple of weeks WSB has been the QAnon of finance. Much of what you are told here is wrong. + +You can protect yourself to a degree by learning at least the very basics of how markets work. This post will explain to you how prices work on an exchange, and why "short ladders" are not even a coherent concept. + +**How markets work** + +Exchanges have [order books](https://en.wikipedia.org/wiki/Order_book) in which they track interest in a stock. Orders to buy and orders to sell stay in the order book until someone submits an order that matches their price. + +The highest price present on buy orders is called the *bid price*. +The lowest price present on sell orders is called the *ask price*. +The difference between the two is called the *spread*. + +When you submit an order to the exchange, it trades at the best price it can get. If you're selling, it will sell to the highest bidder even if you said you were willing to sell for zero. + +It is possible for companies to trade off-exchange, but when you are looking at the price of a stock on Google or wherever, the price is based on trades that took place on the exchange. For this reason it is common if you're looking at a feed giving you prices in real time to see the price going up and down between two prices for a number of seconds as people sell at bid price and buy at ask price. + +**Why short ladders are not possible** + +Short ladders are described as two hedge funds selling back and forth to one another at an increasingly lower price. + +This makes no sense for the following reasons. + +* Off-exchange transactions do not result in ticks. Nobody sees them. +* You cannot target another participant on the exchange to sell to. You have to go through the order book. +* If the order book has $10000 of bids at $100, you cannot drive the price down to $99 except by selling $10000 of stock at $100. + +This is a theory made up by someone who has no knowledge of how markets work - if they understood the basics they would at least try to make it believable. + +If you google "short ladder attack" you will get a bunch of hits on Reddit, [a StackExchange question](https://money.stackexchange.com/questions/135807/closing-shorted-positions-via-short-ladder-attacks) debunking it, and pretty much nothing else of note. If you google "short attack" your top two hits are a description from CFO.com of companies releasing a report at the same time they short e.g. alleging financial irregularities, and a piece of frothing madness from SeekingAlpha where some nutter in 2014 makes up a bunch of nonsense involving "counterfeit shares". + +This is not real. +I had some extra cash so I decided to buy some coins before the bull run (NANO, ETH, BNB, etc) + +As you may have known, all of these coins have shot up drastically, and my extended family is now asking me questions like "Is shitcoin A going to go up or down?" + +While I understand crypto fairly well, I am in no place to answer these questions. + +Has anyone experienced this before? What should I do? +&#x200B; + +https://preview.redd.it/v0qu3zzvt8t91.jpg?width=1001&format=pjpg&auto=webp&s=50aeb5ccc4d85192a6882ca0474d0a8cd7dc3025 + +Article translated to English: + +**The risk for short sellers increases in the "meme" stock Gamestop** + +*Short sellers will find themselves using almost 2x as much time getting out of the "meme" stock.* + +In the last two weeks the volume of Gamestop stock has decreased by about 46%. At the same time the amount of shorted stocks is increasing some. + +That means that the ones who are short the stock will need about two weeks to get out of the stock. Up from around one week in August. If the share price was to increase rapidly it would be harder to get out of the short position. + +The share price has been a favorite among small shareholders/retail investors worldwide. The saga of the "meme" stock really took off in January last year. The share price increased over 1000% in an attempt to squeeze short sellers out of their positions. + +Short sale ended on 51,1 million stocks last month. Up from 49,5 million stocks in August. The short positions has a value of around 14 billion Norwegian kroner according to Bloomberg. + +The major increase lats year inflicted several hedge funds brutal losses because they bet on the share price to fall. Some also had to give up their short positions. + +Melvin capital lost at most over 1 billion dollars per day as a result of the share price increase. The total loss for the fund in January 2021 was $6,8 billion. That amounts to approximately 73 billion Norwegian kroner. + +Since then Gamestop share price has fallen back from the top and is now traded at $24,40 per share. That is well off the peak of $86,88 per share. + +Gamestop share price is up around 2% for the day and was at most up around 4%. + +Link to article: [https://e24.no/boers-og-finans/i/76dWJ8/risikoen-for-shortselgere-oeker-i-meme-aksjen-gamestop](https://e24.no/boers-og-finans/i/76dWJ8/risikoen-for-shortselgere-oeker-i-meme-aksjen-gamestop) +He said [1]: "I'll just challenge the group to one other thing. How do you know it ends at 21 million [bitcoins]? **You all read algorithms?** You guys all believe that? **I don't know**, I've always been a sceptic of **stuff like that**." + +Yes Jamie, we all read algorithms, and it is no rocket science. If Jamie himself does not read the algorithm, why doesn't he do so instead of embarrassing himself by proving how retarded he is? Because he is a "sceptic" of the computer language C++ and "stuff like that". Interesting. + +Jamie, the Bitcoin code is open to the public since 12 years, easy to understand and was peer-reviewed AND TESTED(!) 1000s of times by experts, incl. academia and IT experts working for banks or governments all around the world. Not a single reviewer has pointed to any lack of the 21 Million cap in the code. If you cannot trust your own IT experts, you should step back as CEO due to loss of authority. + +Jamie has lost his connection to reality and manipulates the masses with evil lies, turns out he is to banking what Donald Trump is to society and politics. An evil clown - someone who should not and could not be taken seriously, if he weren't such an influential public person. + +Reference: +[1] https://markets.businessinsider.com/news/currencies/jamie-dimon-bitcoin-worthless-questions-21-million-supply-cap-2021-10 +Hello, dummies + +It's your old pal, Fuzzy. + +As I'm sure you've all noticed, a lot of the stuff that gets posted here is - to put it delicately - fucking ridiculous. More backwards-ass shit gets posted to r/wallstreetbets than you'd see on a Westboro Baptist community message board. I mean, I had a look at the daily thread yesterday and..... yeesh. I know, I know. [We all make like the divine Laura Dern circa 1992 on the daily](https://farm9.staticflickr.com/8251/8661496232_2df568ba28_n.jpg) and stick our hands deep into this steaming heap of shit to find the nuggets of valuable and/or hilarious information within (thanks for reading, BTW). I agree. I love it just the way it is too. That's what makes WSB great. + +What I'm getting at is that a lot of the stuff that gets posted here - notwithstanding it being funny or interesting - is just... wrong. Like, fucking your cousin wrong. And to be clear, I mean the fucking your \*first\* cousin kinda wrong, before my Southerners in the back get all het up (simmer down, Billy Ray - I know Mabel's twice removed on your grand-sister's side). Truly, I try to let it slide. [I](https://www.reddit.com/r/wallstreetbets/comments/fopuyx/daddy_where_does_money_come_from_birds_bees_long/) [do](https://www.reddit.com/r/wallstreetbets/comments/fplquv/something_fishy_fuzzys_seas_covenant_breakdown/) [my](https://www.reddit.com/r/wallstreetbets/comments/fqk15o/fallen_angels_shitty_cars_worse_debt_and_what_it/) [bit](https://www.reddit.com/r/wallstreetbets/comments/fsbto9/the_ballad_of_big_dick_vick_onions_futures_and/) to try and put you on the right path. Most of the time, I sleep easy no matter how badly I've seen someone explain what a bank liquidity crisis is. But out of all of those tens of thousands of misguided, autistic attempts at understanding the world of high finance, one thing gets so consistently - so \*emphatically\* - fucked up and misunderstood by you retards that last night I felt obligated at the end of a long work day to pull together this edition of *Finance with Fuzzy* just for you. It's so serious I'm not even going to make a u/pokimane gag. Have you guessed what it is yet? Here's a clue. It's in the title of the post. + +That's right, friends. Today in the neighborhood we're going to talk all about **hedging in financial markets** \- spots, swaps, collars, forwards, CDS, synthetic CDOs, all that fun shit. Don't worry; I'm going to explain what all the scary words mean and how they impact your OTM RH positions along the way. + +We're going to break it down like this. (1) "What's a hedge, Fuzzy?" (2) Common Hedging Strategies and (3) All About ISDAs and Credit Default Swaps. + +Before we begin. For the nerds and JV traders in the back (and anyone else who needs to hear this up front) - I am simplifying these descriptions for the purposes of this post. I am also obviously not going to try and cover every exotic form of hedge under the sun or give a detailed summation of what caused the financial crisis. If you are interested in something specific ask a question, but don't try and impress me with your Investopedia skills or technical points I didn't cover; I will just be forced to flex my years of IRL experience on you in the comments and you'll look like a big dummy. + +**TL;DR?** Fuck you. There is no TL;DR. You've come this far already. What's a few more paragraphs? Put down the Cheetos and try to concentrate for the next 5-7 minutes. You'll learn something, and I promise I'll be gentle. + +Ready? Let's get started. + +**1.** **The Tao of Risk: Hedging as a Way of Life** + +The simplest way to characterize what a hedge 'is' is to imagine every action having a binary outcome. One is bad, one is good. Red lines, green lines; uppie, downie. With me so far? Good. A 'hedge' is simply the employment of a strategy to mitigate the effect of your action having the *wrong* binary outcome. You wanted X, but you got Z! Frowny face. A hedge strategy introduces a *third* outcome. If you hedged against the *possibility* of Z happening, then you can wind up with Y instead. Not as good as X, but not as bad as Z. The technical definition I like to give my idiot juniors is as follows: + +*Utilization of a defensive strategy to mitigate risk, at a fraction of the cost to capital of the risk itself*. + +Congratulations. You just finished Hedging 101. "But Fuzzy, that's easy! I just sold a naked call against my 95% OTM put! I'm adequately hedged!". Spoiler alert: you're not (although good work on executing a collar, which I describe below). What I'm talking about here is what would be referred to as a 'perfect hedge'; a binary outcome where downside is totally mitigated by a risk management strategy. That's not how it works IRL. Pay attention; this is the tricky part. + +You can't take a single position and conclude that you're adequately hedged because risks are fluid, not static. So you need to constantly adjust your position in order to maximize the value of the hedge and insure your position. You also need to consider exposure to more than one category of risk. There are micro (specific exposure) risks, and macro (trend exposure) risks, and both need to factor into the hedge calculus. + +That's why, in the real world, the value of hedging depends entirely on the design of the hedging strategy itself. Here, when we say "value" of the hedge, we're not talking about cash money - we're talking about the intrinsic value of the hedge relative to the the risk profile of your underlying exposure. To achieve this, people hedge ***dynamically***. In r/wallstreetbets terms, this means that as the value of your position changes, you need to change your hedges too. The idea is to efficiently and continuously distribute and rebalance risk across different states and periods, taking value from states in which the marginal cost of the hedge is low and putting it back into states where marginal cost of the hedge is high, until the shadow value of your underlying exposure is equalized across your positions. The punchline, I guess, is that one static position is a hedge in the same way that the finger paintings you make for your wife's boyfriend are art - it's technically correct, but you're only playing yourself by believing it. + +Anyway. Obviously doing this as a small potatoes trader is hard but it's worth taking into account. Enough basic shit. So how does this work in markets? + +**2. A Hedging Taxonomy** + +The best place to start here is a practical question. What does a business need to hedge against? Think about the specific risk that an individual business faces. These are legion, so I'm just going to list a few of the key ones that apply to most corporates. (1) You have commodity risk for the shit you buy or the shit you use. (2) You have currency risk for the money you borrow. (3) You have rate risk on the debt you carry. (4) You have offtake risk for the shit you sell. Complicated, right? To help address the many and varied ways that shit can go wrong in a sophisticated market, smart operators like yours truly have devised a whole bundle of different instruments which can help you manage the risk. I might write about some of the more complicated ones in a later post if people are interested (CDO/CLOs, strip/stack hedges and bond swaps with option toggles come to mind) but let's stick to the basics for now. + +(i) Swaps + +A swap is one of the most common forms of hedge instrument, and they're used by pretty much everyone that can afford them. The language is complicated but the concept isn't, so pay attention and you'll be fine. This is the most important part of this section so it'll be the longest one. + +Swaps are derivative contracts with two counterparties (before you ask, you can't trade 'em on an exchange - they're OTC instruments only). They're used to exchange one cash flow for another cash flow of equal expected value; doing this allows you to take speculative positions on certain financial prices or to alter the cash flows of existing assets or liabilities within a business. "Wait, Fuzz; slow down! What do you mean sets of cash flows?". Fear not, little autist. Ol' Fuzz has you covered. + +The cash flows I'm talking about are referred to in swap-land as 'legs'. One leg is fixed - a set payment that's the same every time it gets paid - and the other is variable - it fluctuates (typically indexed off the price of the underlying risk that you are speculating on / protecting against). You set it up at the start so that they're notionally equal and the two legs net off; so at open, the swap is a zero NPV instrument. Here's where the fun starts. If the price that you based the variable leg of the swap on changes, the value of the swap will shift; the party on the wrong side of the move ponies up via the variable payment. It's a zero sum game. + +I'll give you an example using the most vanilla swap around; an interest rate trade. Here's how it works. You borrow money from a bank, and they charge you a rate of interest. You lock the rate up front, because you're smart like that. But then - *quelle surprise*! - the rate gets **better** after you borrow. Now you're bagholding to the tune of, I don't know, 5 bps. Doesn't sound like much but on a billion dollar loan that's a lot of money (a classic example of the kind of 'small, deep hole' that's terrible for profits). Now, if you had a swap contract on the rate before you entered the trade, you're set; if the rate goes down, you get a payment under the swap. If it goes up, whatever payment you're making to the bank is netted off by the fact that you're borrowing at a sub-market rate. Win-win! Or, at least, Lose Less / Lose Less. That's the name of the game in hedging. + +There are **many** different kinds of swaps, some of which are pretty exotic; but they're all different variations on the same theme. If your business has exposure to something which fluctuates in price, you trade swaps to hedge against the fluctuation. The valuation of swaps is also super interesting but I guarantee you that 99% of you won't understand it so I'm not going to try and explain it here although I encourage you to google it if you're interested. + +Because they're OTC, none of them are filed publicly. Someeeeeetimes you see an ISDA (dsicussed below) but the confirms themselves (the individual swaps) are not filed. You can usually read about the hedging strategy in a 10-K, though. For what it's worth, most modern credit agreements ban speculative hedging. Top tip: This is occasionally something worth checking in credit agreements when you invest in businesses that are debt issuers - being able to do this increases the risk profile significantly and is particularly important in times of economic volatility (ctrl+f "non-speculative" in the credit agreement to be sure). + +(ii) Forwards + +A forward is a contract made today for the future delivery of an asset at a pre-agreed price. That's it. "But Fuzzy! That sounds just like a futures contract!". I know. Confusing, right? Just like a futures trade, forwards are generally used in commodity or forex land to protect against price fluctuations. The differences between forwards and futures are small but significant. I'm not going to go into **super** boring detail because I don't think many of you are commodities traders but it is still an important thing to understand even if you're just an RH jockey, so stick with me. + +Just like swaps, forwards are OTC contracts - they're not publicly traded. This is distinct from futures, which are traded on exchanges (see [The Ballad Of Big Dick Vick](https://www.reddit.com/r/wallstreetbets/comments/fsbto9/the_ballad_of_big_dick_vick_onions_futures_and/) for some more color on this). In a forward, no money changes hands until the maturity date of the contract when delivery and receipt are carried out; price and quantity are locked in from day 1. As you now know having read about BDV, futures are marked to market daily, and normally people close them out with synthetic settlement using an inverse position. They're also liquid, and that makes them easier to unwind or close out in case shit goes sideways. + +People use forwards when they absolutely have to get rid of the thing they made (or take delivery of the thing they need). If you're a miner, or a farmer, you use this shit to make sure that at the end of the production cycle, you can get rid of the shit you made (and you won't get fucked by someone taking cash settlement over delivery). If you're a buyer, you use them to guarantee that you'll get whatever the shit is that you'll need at a price agreed in advance. Because they're OTC, you can also exactly tailor them to the requirements of your particular circumstances. + +These contracts are incredibly byzantine (and there are even crazier synthetic forwards you can see in money markets for the true degenerate fund managers). In my experience, only Texan oilfield magnates, commodities traders, and the weirdo forex crowd fuck with them. I (i) do not own a 10 gallon hat or a novelty size belt buckle (ii) do not wake up in the middle of the night freaking out about the price of pork fat and (iii) love greenbacks too much to care about other countries' monopoly money, so I don't fuck with them. + +(iii) Collars + +No, not the kind your wife is encouraging you to wear try out to 'spice things up' in the bedroom during quarantine. Collars are actually the hedging strategy **most applicable** to WSB. Collars deal with options! Hooray! + +To execute a basic collar (also called a wrapper by tea-drinking Brits and people from the Antipodes), you buy an out of the money put while simultaneously writing a covered call on the same equity. The put protects your position against price drops and writing the call produces income that offsets the put premium. Doing this limits your tendies (you can only profit up to the strike price of the call) but also writes down your risk. If you screen large volume trades with a VOL/OI of more than 3 or 4x (and they're not bullshit biotech stocks), you can sometimes see these being constructed in real time as hedge funds protect themselves on their shorts. + +**(3) All About ISDAs, CDS and Synthetic CDOs** + +You may have heard about the mythical [ISDA](https://www.isda.org/a/23iME/Legal-Guidelines-for-Smart-Derivatives-Contracts-ISDA-Master-Agreement.pdf). Much like an indenture (discussed in my post on $F), it's a magic legal machine that lets you build swaps via trade confirms with a willing counterparty. They are **very complicated** legal documents and you need to be a true expert to fuck with them. Fortunately, I am, so I do. They're made of two parts; a Master (which is a form agreement that's always the same) and a Schedule (which amends the Master to include your specific terms). They are also the engine behind just about every major credit crunch of the last 10+ years. + +First - a brief explainer. An ISDA is a not in and of itself a hedge - it's an umbrella contract that governs the terms of your swaps, which you use to construct your hedge position. You can trade commodities, forex, rates, whatever, all under the same ISDA. + +Let me explain. Remember when we talked about swaps? Right. So. You can trade swaps on just about anything. In the late 90s and early 2000s, people had the smart idea of using other people's debt and or credit ratings as the variable leg of swap documentation. These are called **credit default swaps**. I was actually starting out at a bank during this time and, I gotta tell you, the only thing I can compare people's enthusiasm for this shit to was that moment in your early teens when you discover jerking off. Except, unlike your bathroom bound shame sessions to Mom's Sears catalogue, every single person you know felt that way too; and they're all doing it at once. It was a fiscal circlejerk of epic proportions, and the financial crisis was the inevitable bukkake finish. WSB autism is absolutely no comparison for the enthusiasm people had during this time for lighting each other's money on fire. + +Here's how it works. You pick a company. Any company. Maybe even your own! And then you write a swap. In the swap, you define "Credit Event" with respect to that company's debt as the variable leg . And you write in... whatever you want. A ratings downgrade, default under the docs, failure to meet a leverage ratio or FCCR for a certain testing period... whatever. Now, this started out as a hedge position, just like we discussed above. The purest of intentions, of course. But then people realized - if bad shit happens, **you make money**. And banks... don't like calling in loans or forcing bankruptcies. Can you smell what the moral hazard is cooking? + +Enter synthetic CDOs. CDOs are basically pools of asset backed securities that invest in debt (loans or bonds). They've been around for a minute but they got famous in the 2000s because a shitload of them containing subprime mortgage debt went belly up in 2008. This got a lot of publicity because a lot of sad looking rednecks got foreclosed on and were interviewed on CNBC. "OH!", the people cried. "Look at those big bad bankers buying up subprime loans! They caused this!". Wrong answer, America. The debt wasn't the problem. What a lot of people don't realize is that the real meat of the problem was not in regular way CDOs investing in bundles of shit mortgage debts in **synthetic CDOs investing in CDS predicated on that debt**. They're *synthetic* because they don't have a stake in the actual underlying debt; just the instruments riding on the coattails. The reason these are so popular (and remain so) is that smart structured attorneys and bankers like your faithful correspondent realized that an even **more** profitable and efficient way of building high yield products with limited downside was investing in instruments that profit from failure of debt **and in** instruments that rely on that debt and then hedging *that* exposure with other CDS instruments in paired trades, and on and on up the chain. The problem with doing this was that everyone wound up exposed to everybody else's books as a result, and when one went tits up, everybody did. Hence, recession, Basel III, etc. Thanks, Obama. + +Heavy investment in CDS can also have a warping effect on the price of debt (something else that happened during the pre-financial crisis years and is starting to happen again now). This happens in three different ways. (1) Investors who previously were long on the debt hedge their position by **selling** CDS protection on the underlying, putting downward pressure on the debt price. (2) Investors who previously shorted the debt switch to **buying** CDS protection because the relatively illiquid debt (partic. when its a bond) trades at a discount below par compared to the CDS. The resulting reduction in short selling puts upward pressure on the bond price. (3) The delta in price and actual value of the debt tempts some investors to become NBTs (neg basis traders) who long the debt and purchase CDS protection. If traders can't take leverage, nothing happens to the price of the debt. If basis traders **can** take leverage (which is nearly always the case because they're holding a hedged position), they can push up or depress the debt price, goosing swap premiums etc. Anyway. Enough technical details. + +I could keep going. This is a fascinating topic that is very poorly understood and explained, mainly because the people that caused it all still work on the street and use the same tactics today (it's also *terribly* taught at business schools because none of the teachers were actually around to see how this played out live). But it relates to the topic of today's lesson, so I thought I'd include it here. + +Work depending, I'll be back next week with a covenant breakdown. Most upvoted ticker gets the post. + +\***EDIT 1\*** In a total blowout, $PLAY won. So it's D&B time next week. Post will drop Monday at market open. +A few days ago I noticed that a couple suspicious charges had shown up on our credit card. One was for around $100 at a Shell station in New Jersey or something. Another was a $200+ charge at Nautica and the third was around $150 for Snapfish. A quick check with my wife confirmed that she hadn't made these charges. We called the credit card and reported the cards as stolen and started the process of getting these charges removed. + +Today I came home to find a couple packages. One was a giant box. It was from Snapfish. Inside was a big framed canvas of a drawing of a random girl. The other package was...sure enough, from Nautica. Someone had ordered a couple expensive wallets. I noticed that they misspelled my name on the address label. + +So...what's the point of this? Assuming that someone got their hands on our credit card info, why order random items and have them shipped to our house? This all feels very suspicious, but I'm failing to understand the scam or how this benefits the scammer. +BTC and ETH defi were on the road to becoming adopted by institutions, but I think we are about to be sent down another crypto winter because of Elon Musk. When DOGECOIN rugs overnight on all these whiney Wall Street Bets kids, they are all going to cry foul and we are going to have congress and the SEC regulate cryptocurrency into oblivion. + +&#x200B; + +See you in four years because Elon and Doge has made winter come early this year +Weekly ICO discussion and tips thread. + +Update: So looks like the top ones on the radar so far are: + +**[ClearPoll](https://www.clearpoll.io/pre-ico-token-sale)** - 40% Bonus ends soon + +**[Ethbet](https://crowdsale.ethbet.io/)** + +**[Enjin](https://enjincoin.io/)** - Presale finished - Public starts October 3. + +**[Auctus](http://auctus.org)** Presale starts October 3 + +and they also seem to bring a lot of cardano shills in here which upvote content which is praising cardano while downvote content which is critical to cardano. + +&#x200B; + +&#x200B; + +https://preview.redd.it/cmdyi66a3jj71.png?width=792&format=png&auto=webp&s=f017cd23f4cdb49fbacb09486c7b6d2075740c14 + +&#x200B; + +https://preview.redd.it/ibdhhexa3jj71.png?width=739&format=png&auto=webp&s=d8d4f77416ac638b7709d7aaabb89a9b0ca3ddc5 + +Whats ur opinion of the recent influx of cardano shills in here? +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! + +Yes, I know it's a first world problem but I'm so pissed. Quite a few years ago, I managed to get a fixer upper of a house, among it's many problems it came with a deck that had no underaccess, random nails everywhere, and bug attraction that a frog would envy. I shopped around forever to find someone who could take it down and stumbled on an older guy who had decent ratings. So I engaged his services in August and he never showed. So many calls and texts of apologies and excuses of backed up work. I completely understood, I know how it can be. Then he finally has his people come today and did half of the job. He then proceeded to talk to me for over half an hour about his whole life before handing me a receipt for half of the job as he asked for half now. He handed it to me folded, I figured he did that because my ma was there and he was being discrete for whatever reason. + +I took out the receipt to put away with the rest of my pile of receipts and noticed he marked down that I had $1950 left to pay which por que the fuck. The original price agreed upon was 2350, between August and now, he claimed that dump prices went up and was going to charge 2495, which okay, if they went up I can understand, I had allocated 2500 for this because I was assured it wouldn't be anymore than 2400 and here I thought I was being safe. So now I have a surprise bill for almost 3000 that I can't afford. + +And I'm especially pissed off because I told this guy I'm on disability and my income was limited and that my budget for this was only 2500 and I couldn't afford anything more and then he doesn't even say anything at all. Just slip it and run away. + +Update: + +Ended up having to pay him because he got my ma to sign off on things at the end instead of me. He was *so* nice give me back a hundred to thank me for my patience. +Was it on site? Did they provide a stipend? Another option? + +I will be having kids in the next 1-2 years and work for a high tech startup that is exploding and will be raising a big round in 2019 and on track to IPO in 2020. I’m wondering different methods of child care options I could potentially push for as we continue to grow and as they increase benefits to attract/retain talent. +In my city, everything is expensive, that’s mortgage, private school and nannies. As I’m thinking of retiring from my job, my family won’t have to live in this HCoL city anymore. But looking at other cities we enjoy, like Austin or Denver, the RE market is not a step down in valuation either. We don’t want to buy into another multi-million home and but in certain markets, it’s almost not possible. (We have young kids needed to be placed into good schools). + +What would be a second tier city that have the potential to turn into the next Denver or Austin? We have considered somewhere in FL, like the JAX area. It has warm weather, no state income taxes, nice people and good school. Nashville’s RE is still affordable compared to many other places so it’s on our list too. I have also heard about Boise, Idaho for people on West coast but that’s probably will place us too far from the in-laws. + +What are some places you guys like if you can live wherever in the US? +For those who are already fatFIRED, what is the best and most economical way to get excellent health coverage for a family of four? + +We are specifically looking for an option that would include coverage Mayo Clinic. We’ve been told that ACA plans do not cover Mayo. + +We are currently on my employer sponsored plan. I (F37) am considering quitting my job to focus on my children and help my husband (M39) grow his business. My salary is nearly negligible compared to my husbands… until we factor in health insurance. My husband has a heart condition that has improved with care at Mayo. + +Is there a special plan I am not aware of? + +Any ideas? + +If it matters: husband’s business brings in about $1.5M pre tax, I am making $120K per year. Business has 2 employees. We’ve considered buying a health plan for the business, but we would have to include the other employee and the total cost would be about $40K per year plus our own premiums. +There really needs to be something done about the 1 MB cap on blocks, its getting extremely close to the cap now: +https://blockchain.info/block-index/443506/000000000000000483620734d32bde5211eb715ceb3cce1b9fe4b8c6dae71263 + +The time to negotiate a higher cap is now, we can't keep stalling and pretending like it isn't a potential problem now. The growth of bitcoin is limited by this cap. It'll take time for miners to update their software and agree to the new change, so action needs to happen now. +Here is a screen grab of my joint account and single account Computershare transaction statements. We added a total of 88 shares since the first round. These are definitely going to be the catalyst for the MOASS.... tomorrow! + +Here are some more characters to make sure I made the length requirements. + +BUY! HOLD! DRS! + +EASY PEASY! + +[+88 shares this round. ](https://preview.redd.it/v5fvv02nx8j81.jpg?width=1505&format=pjpg&auto=webp&s=f212b759b6863008c724d2914ea3240a4e7cea22) +About 10-20% of my portfolio at any given time is based on trends/up-tick in comments for certain coins. Usually I'll go through the whole "do your own DD process" reading the white paper, reviewing historical posts, etc. But every once in a while I'll throw a small amount of cash at top 100 coin I start seeing mentioned more often in hopes of the reddit herd mentality causing a surge in price. + +I'm just curious what percentage of your portfolio has been thoroughly researched vs a couple dozen upvotes swaying your investment decisions? +I see it here often, where people are asking if they should sell their stocks, buy gold and wait out the next crash right around the corner. The truth is, nobody knows when the next crash is and even the most trustworthy experts are wrong more often than not. I came across this [Chart of Shame](https://pbs.twimg.com/media/DloRqfCW4AE6EZs.jpg:large) today - a graph showing all the major predictions of a looming crash from top traders, journalists and economists over the past 6 years. In the meantime we've seen the market more than double. + +The best advice for retirement is to buy and hold -- only reducing risk as you get closer to retirement. +Every single one I’m invested in is currently down, (and most are down between like 5%-10%) And out of the over 50 stocks I’m following, only like 3 are in the green. What is going on with the market? I’ve never seen anything like this (I’ve only been investing since December) + +Edit: thanks for everyone’s responses! Looks like evergrande’s situation is affecting the majority of the market!! Cray Cray.. Time to buy the dip!! +Right now the majority of brokers have essentially duplicated shares (possibly even duplicated duplicates/synthetics/IOUs). Just take a moment and think about what will happen to those brokers when it comes out that everything was mishandled and now they’re on the hook for finding and supplying real shares to shareholders. + +I have a feeling what we will see is a lot of brokers getting completely liquidated and/or going bankrupt. + +DRS you shit right. Fucking. Now. + +NFA obv +First, I understand this may be the first merger you've been exposed to. As much as it grinds my gears that this question is only asked about Twitter and not the countless other mergers that go through I'll provide some data on the strategy of buying companies that will be acquired. + +Is it free money? Yes and no. + +First, let's look at a fund that focuses primarily on buying companies that have had an announcement regarding their acquisition. + +IQ Merger Arbitrage ETF (MNA) + +This ETF has returned 2.68% annualized over the last ten years and 2.49% since inception. If you exclude fees and assume you do this yourself, over the last ten years it has done 3.56% annualized. + +Is this free money? If you consider anything with a positive return to be free money, then yes. However I should remind you the S&P 500 has done around 14% annualized over the same time period. + +The strategy fails for the same reason the martingale roulette strategy fails. You make very little money with each 'success' and your failures eat many 'successes' given how large the drawdowns are when mergers get cancelled. When mergers get cancelled they almost always immediately lose whatever premium they received from the merger announcement. From personal experience, these companies rarely perform well after a failed merger as well. + +Hope that helps. + +TLDR + + [ImpressiveCitron420](https://www.reddit.com/user/ImpressiveCitron420/) wrote a great TLDR that simplifies things: + +It's not free money. It's money in exchange for risk. There's a risk that the merger won't happen (as OP says). This is what the premium is paid out for and why the price is not at the buy out price currently. + +The problem however, is that on a risk adjusted basis, this gives poor returns compared to the SP500. + +&#x200B; +From Monday Halifax will increase mortgage rates by up to 0.5 percentage points, with two-year deals going up by twice as much as five and ten-year deals. Its lowest two-year deal will charge 2.54 per cent, more than its lowest-available rate five and ten-year deals, which will charge 2.48 per cent. These deals are available at a maximum loan-to-value (LTV) of 60 per cent and come with a fee of £999. + +If it’s in the banks interest for us to lock in for 10 years, is this just because they want to retain customers? Or is this because between now and 10 years, interest rates may drop again? I can’t see the later happening but I this is the first time I’ve ever see a 10 year deal be better than a 2 year so feel they know something don’t. + +Any mortgage advisors here that have an idea what the banks might be thinking? + +EDIT: Thanks for the responses everyone! I need to read up on yield curve inversion. +I initially signed a 6 month lease on my place, a couple of years ago. When this finished, they asked me to sign another 6 month lease and pay a £150 admin fee for the privilege. I told them I had no intention of doing either, and wanted to move to a month-to-month let on the same terms. They agreed. + +They've now sent me a letter asking for me to sign a new contract since they normally only allow "statutory periodic" to last less than six months, and I've been on it for 2 years now. They make no mention of an administration fee. The form they've sent me contains two checkboxes - "End the tenancy" or "Renew the tenancy for a further six months". Both of these seem worse than my current situation, and you just know that administration fee is rear its head again. + +Am I correct in saying I can just ignore them, and tell them to fuck off if they complain further? +Hi there, + +&#x200B; + +I started doing some internet camming work in Jan 2019 and made \~£1500 on a cam site between Jan 4th and April 2nd. + +&#x200B; + +I am filling out my Self Assessed form (which I used in the past as an IT contractor but no longer as I went full time). + +&#x200B; + +I get paid in USD to a prepaid Masercard that is registered to my UK home address each fortnight. I calculated the amount paid in GBP by using the monthly interest rate sheets HMRC provides and then summed the total. + +&#x200B; + +I am a bit confused about the reporting of my income. + +&#x200B; + +I am asked what my turnover for the self employment was but I am then also asked if I received foreign payments. In one of the help notes bubbles, it states: + +&#x200B; + +'If your only foreign income was untaxed foreign interest up to £2,000 and/or foreign dividends up to £300, you can put these amounts in 'Did you receive any interest' or 'Did you receive any dividends' sections on page 2 of 'Tailor your return' instead of completing the Foreign section.' + +&#x200B; + +My question, is do I duplicate the amount that I have earned in both the income section for the self employment AND in the interest section? Or do I only declare it in the interest section? + +&#x200B; + +Sorry if I have worded anything badly or anything is unclear. +There are a lot of young redditors here with decades of participation ahead in the workforce. The pace of social, economic, and technological change is unprecedented. What are your bold predictions about FIRE in the next 20-30 years? +Elon Musk is not an authority on cryptocurrency. If anything Musk probably has *less* cryptocurrency knowledge than the average member of this sub. Prices should not be affected by his Twitter account. Do your research, don't just listen to a guy because he's famous. +Tesla will begin taking preorders for its smaller and lower cost Model 3 in March, tweets Elon Musk, with the price being $35K. + + +Production will start in about two years. The stock is currently 1% up. + +Thoughts? +I have been under the impression that $90k is the salary at which it becomes more cost effective to purchase private insurance as this is the point at which your Medicare levy becomes more than what you would pay a private provider. + +However I am having trouble finding relevant information on this, and I'm not sure how the new budget affects this figure. + +For a bit of context, I've just crossed that threshold. I'm a reasonably healthy 40yo who has never had private insurance before. I believe this subjects me to a penalty rate? My health-related outgoings are minimal - glasses, dentist, gym membership. No major health issues. + +I'd love a bit of guidance or insight from anyone who has been in my position or who has interest or expertise in this area. +I have a relative who has been running a small cash in hand take away shop for the past 30 years. He stopped doing his tax returns about 20 years ago and has been trading on a cancelled abn. I honestly don’t know how he has managed to get away with this for so long and he has never kept any receipts for anything or records. I want him to get clean but I don’t know how to begin the conversation or who he turns to? Does he go to a lawyer or does he go to a financial advisor? How can someone even help him if he has no records? He hasn’t even made a profit on this business and has nothing to show for all the work he has put in over the years and I know he did the wrong thing and he knows that too, but how can I help him get clean? +Hi wonderful folks, + +I had the following observations to make regarding my on-going stint with searching for my next rental property. Landlord wants to move into their current tenanted (to me) property. + +I am looking for properties in and around Pascoe Vale, Glenroy, Essendon and Thomastown atm. My findings are as follows:- + +Glenroy - applied for a 2BHK unit as a pre-qual to physical inspection. Offered $310 against advertised $340. Qualified for inspection ! (Agent asked whether my low offer is not a typo and I replied it's reflective of current market conditions and price for similar units) + +Thomastown - applied for a 2BHK house and unit. Former advertised at $310 and latter at $340. Still awaiting an answer for both (offered $310 for both). Been close to couple of weeks on the house and a week for the unit. + +Kingsbury - inspected two units thus far. Offered $290 against advertised $320 and $300 against another advertised at $340. Results awaited for both. For the former awaiting since two weeks now. + +Essendon - noticed price reduction in apartments and units from earlier $350 ranged properties to $310-320 range. Applied for a 2 bedder unit priced at $325 and offered $320. Result awaited, probably by tomorrow. + +Epping - offered $310 for a $330 townhouse, got accepted but withdrew my application due to remoteness of property. + +I'd like to state here that despite the current lockdown the inspection process varies drastically across different real estate companies. Some happy for open house inspections, some virtual plus pre-qual, some private inspections and some even currently tenanted inspections (quite risky tbh). + +Would like to know your thoughts and any advice on how to get best bang for my buck. My budget is $300-320 PW for a min. 2 bedder. + +Thanks +I think I already know the answer to this, but I'd love to hear from people with experience - does anyone have any tips on pushing for a pay rise when the organisation is structured in such a way as to make it nearly impossible? + +I work in a government-type organisation with set pay bands, and my role (let's say level X) began changing last year to the point where I'm now entirely doing level Y duties which are more senior. Level X is basic participation in a project, where level Y is leading the project, which is what I'm doing now. My current position description now bears no resemblance to the work I actually do. + +There is a formal process for having the role reclassified, which involves writing a justification of why it's warranted and how the job came to change, rewriting the position description in line with the official level Y descriptors, having all managers above you sign it off (three, in my case), and only then it goes to HR who does the actual review and makes the decision. + +So I did all the forms and written work, and got immediate support from my manager who believes the reclassification is warranted and is pushing strongly for it. Unfortunately, the next manager up the line is not on board, though they've agreed to take another look at it. If that senior manager gets on board, it then needs to go to the director for signoff, which is going to be an even harder sell. The senior manager and director view position descriptions as essentially meaningless artefacts, and have prior form in knocking back applications for reclassification, but still expect you to continue doing the senior level work because "professional development!" without being paid for it. + +The approach from my manager now is that I need to write out all my objectives for the year as part of our regular performance planning, ensure they're written in line with a level Y role, and "go from there". The problem I have here is that if/when the reclassification gets knocked back by either of the two managers above them, I'm still doing the work of a level Y and not being paid for it. I don't want to just sit back and refuse to do the work either, because that's not going to be a good look for me. I don't have much leverage here either as I realistically can't leave due to family responsibilities (baby on the way, though they don't know that). + +Any advice or experience? I'm going to keep pushing and so is my manager, but I feel pretty powerless and realistically I don't think there's much I can do. +I don't have a lot of money, but whats a good 'cap' for a used car? what are the pitfalls and such? I heard the cap for a used car should be about 5000 dollars. + +I know there is a way to look up the history of a car but im not sure how or where. +The censorship is really surprising https://www.reddit.com/r/Bitcoin/comments/3rtrdu/utheymos_threatening_to_ban_the_biggest_business/ + +I think Roger Ver would be a much better mod for the main sub-reddit. If we can change the subscriber numbers, then things will move over. + +I've unsubscribed from /r/bitcoin (currently 175,599 subscribers) and subscribed to /r/btc (currently 2,077 subscribers). +If you pay attention to what he says, he likes to reduce Bitcoin to **only** a store of value / digital gold / digital real estate. + +"*Digital currencies...they're going to be stablecoins and CBDCs*" - Michael Saylor + +He has a lot of shenanigans going on with MicroStrategy and leverage. + +Rarely, if ever, does he speak about liberty, censorship resistance, sovereignty, privacy, central banks. + +It's almost as if he wants to strip Bitcoin from all its political and economical properties. + +Also his vibe is weird. Not very likeable. + +I don't trust this guy. +My dad received $50 yesterday that he wasn't expecting from an unknown sender via Zelle. They haven't attempted to contact him yet to get the money back, but my dad called Wells Fargo to figure out how to resolve this. They told him to send the $50 back to the sender via Zelle (ugh). + +This is where he reaches out to me. I think it's a scam, but the fact that the sender hasn't tried to contact him and the fact that it is only a one-time transaction of $50 (i.e. not an "overpayment" to an expected transaction), my dad wants to do the right thing and send back the money, especially since this was what Wells Fargo advised. + +I'm trying to convince him to do nothing and let the bank handle it (also let any unknown numbers go to voicemail for a while). But, so far, my attempts haven't convinced him. I mean, it is just $50, but my thinking is that a scammer could be fishing to see who responds to $50 and then try again for a lot more money. + +Could this be a scam or am I overreacting? + +EDIT: Thanks everyone for all the responses. Glad to know that I wasn't losing my mind on this. I'll continue to fight the good fight to convince him to do nothing so he's not out $50. Also, he has confirmed that the number he called was from the back of his bank card and not the one from the (possibly) phishy email. +Hail fellow apes! + +Another exciting week ahead. Who would have thought that holding a stock could be so stressful. + +Despite all the confirmation we could ever want, we still seek more all the time and get nervous once in a while. + +So I thought I'll just make a post of some of the things that keep me going (in no particular order): + + +1) DFV doubled down TWICE + + +2) Retail has been holding and buying more for >3 months (OBV, Fidelity most bought) + + +3) Apes all over the world are in this together (US, Germany, Korea, Mexico, Canada, etc, etc) + + +4) FTD T+21 cycle repeated 5x already, confirming a lot of our DD + + +5) Mainstream media and shills EVERY DAY trying to get us to give up + + +6) Shorts losing billions in Q1 (e.g. Melvin >50%) + + +7) The price went back up from 40$ to now ~180$. Pump and dumps and other, smaller squeeze plays don't do that. + + +8) Most apes are in this for months now and have held through ups and downs. 💎🙌🏻 getting ever stronger. + + +9) Safety net of GME transformation with share price of 500-1000$ in few years. + + +10) New regulations being implemented to prevent exactly the shady tactics we have been seeing. + + +For this week, it will be interesting to see how the mega wedge dissolves and whether volume stays dry AF. Whether it goes up or down significantly, for us nothing changes. I hope this list will help you a little if in doubt. + +Finally, let me give you this pledge: I will not sell any until after the top. I got you and I chose to believe you got me. + +🦧 together 💪🏻 +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I was thinking about the so-called Star Trek economy/post-scarcity economy in which inexhaustible energy sources are used to produce material goods cheaply and instantly. Once it comes to pass, everyone can "retire early," even if they haven't saved anything. Some futurists think we are headed in that direction. So my question is, if this type of economy came to pass after you put in the effort to aggressively save and retire early, would you have any regrets about working hard to RE when others didn't strive to save anything? How close are we to such an economy? Will it come to pass in our lifetime? +Gamma is a measure of risk for options, and reflects the rate of change in delta for a $1 change in the underlying asset price. In other words, gamma represents what happens to delta as the underlying asset moves. Because it represents the change in delta as the underlying price changes, Gamma can be used to determine the magnitude of movement in an options price for a corresponding movement in the underlying. Gamma is an essential part of derivatives pricing, and is very useful when it comes to more complicated strategies of risk management. + +Gamma is always positive for long options and negative for short options. This means all owners of options have positive gamma, regardless of being long or short the underlying asset. This also means that long option buyers benefit the most from gamma, as for every $1 movement in favor of the position, like a $1 increase for calls or a $1 decrease for puts, the opportunity for profit increases. This is because as gamma increases, so does delta, and meaning the profit per dollar increases as well. Furthermore, if the underlying asset moves against a position, like decreasing in price for calls or increasing in price for puts, gamma causes delta to decrease, causing lesser losses. + +Additionally, like theta and delta, gamma varies based on an options strike price and expiration. Gamma increases as an option approaches expiration, and decreases as an option becomes deeper in or out the money. The closer the strike price is to the underlying asset price, the higher the gamma, meaning at the money options have the highest gamma. Gamma is highest when the option is at the money, and decreases as the asset price moves away from the strike price. + +**How is Gamma used?** + +Gammas mainly used to analyze delta, as it shows how delta will change with different movements in the underlying asset price. This, in turn, allows for risk mitigation, as an options price can be analyzed for a variety of different situations. + +In other words, by looking at gamma, you can tell how much delta will change when the underlying asset’s price changes, which allows for a rough estimate of an options price for different movements in the underlying. + +Additionally, gamma can be used in more advanced methods of portfolio management. When delta hedging, gamma must be taken into account due to its impact on delta. As a quick reminder, delta hedging is a technique that minimizes delta so underlying price movement has little effect on a position. Delta neutral positions utilize this concept of delta hedging. Delta neutral positions have a delta close to 0 so underlying asset movement causes little change in the positions. This requires a neutral or near 0 gamma, which ensures the delta hedge remains effective even with more drastic price movement in the underlying asset. + +**An example with Gamma** + +Let's look at an example of gamma and its relation to delta. If a call option has a delta of 0.25, and a gamma of 0.05, a $1 change in the underlying asset price will result in delta changing by 0.05 (which is the gamma value). As always, this is assuming no other factors change. If the underlying asset’s price increased by $1, the delta would go up to 0.30. Similarly, if the underlying asset price decreased by $1, the delta would go down to 0.20. As we discussed before, gamma is always a positive value. This can be confusing when it comes to options like long puts, so let's look at another example. If a long put has a delta of -0.25 and a gamma of 0.05, then a $1 increase in underlying asset would cause the delta to go to -0.20, while a $1 decrease in underlying asset price would result in delta going to -0.3. + +**The math behind Gamma** + +We know delta to be the first derivative of the option value V with respect to the underlying asset price S. + +Additionally, we know that gamma represents the rate of change of delta with respect to changes in the underlying asset price. This means that gamma is the second derivative of the option value with respect to the underlying asset, and the first derivative of delta with respect to the underlying asset price. + +**Wider applications of Gamma** + +Gamma helps represent the concept of convexity, which states that as the price of an underlying asset changes, the price of a derivative (like an option), does not change linearly. Instead, its change depends on the second derivative. + +In mathematical terms, convexity represents the second derivative of the output price with respect to an input price, as does gamma in regard to derivative pricing. Convexity is most commonly used in reference to bond pricing and bond yields. + +Convexity = 1 / \[bond price x (1+y)2\]Σ + +**Key Points:** + +* Gamma represents the relationship between underlying asset price and delta. +* Gamma varies depending on an options strike price and expiration, with at the money options and options closest to expiration having the highest gamma. +* All long options have positive gamma, and all short options have negative gamma. +* Gamma can be used to measure the magnitude of price movement for an option when the underlying asset changes, due to its relationship with delta. +Europoor can't get a control number if the shares are stored outside of the US. Best bet is to contact [investorrelations@gamestop.com](mailto:investorrelations@gamestop.com), but noone of us apes got any response from them... + +Now we posted an open letter to the CEO of GameStop Germany to help us out. Maybe he can contact someone from GameStop Corp. and get us a public statement what to do. + +[https://www.reddit.com/r/Spielstopp/comments/n8lelt/bitte\_um\_hilfe\_bei\_der\_gesch%C3%A4ftsf%C3%BChrung\_der/](https://www.reddit.com/r/Spielstopp/comments/n8lelt/bitte_um_hilfe_bei_der_gesch%C3%A4ftsf%C3%BChrung_der/) + +&#x200B; + +For that we need some visibility on twitter: + +[https://twitter.com/mondrakete1/status/1391473819592937474?s=19](https://twitter.com/mondrakete1/status/1391473819592937474?s=19) + +&#x200B; + +Please retweet and let [@](https://twitter.com/gamestopzingde)gamestopzingde know that there are many apes that need a statement from their CEO. +New people come everyday to Superstonk. They read the amazing theories and some of them are really convincing like that guy predicting stuff per GameStop’s cover page on Tiwtter. But it hurts if you think MOASS (the Mother Of All Short Squeezes) is going to launch that day and it doesn’t happen. + +Maybe you were getting ready to quit your job. + +Maybe your family or friends are believing less and less in you, maybe even mocking you. + +Maybe you’re in bad debt and your stock money could help you. + +Maybe you’re starting to wonder if MOASS is reasonable, possible, just a pump and dump by a mass of nutty Redditors. + +I’ve made my mistakes. I’ll admit it, I’ve made horrible options decisions while catching the glorious wind and thrilling theories of the hype train. I never in my life made bad financial decisions, but I found a quick addiction to options, lost a lot, and put myself into massive debt. All of a sudden my wife is pressuring me and I can no longer buy shares week to week. + +Yes, you can criticize me and you’ll be right, but my point is only to make an example of myself because I’m sure there are other apes who have made mistakes as me. I’m making myself vulnerable to roasting for this one reason: + +I’m zen now. I have my shares and I’m not selling. I’m working on getting out of debt with regular paychecks, regaining my precious wife’s trust before she goes to live with her boyfriend, and when I get the chance, I will be buying more GME. + +Why? Because the three month cycle and insane jumps have proven Criand’s basket swap DD. Ryan Cohen continues to put forth incredibly bullish moves from e-commerce focus, brand new powerhouse exec team, and NFT (non-fungible token) that will transform all of gaming and potentially “help the stock.” Development of software takes a lot of time to get it done right, and I find it bullish with the job postings and consistency. The ‘oops… MOASS’ tweet from an iPhone (had to be Ryan) when investor voting happened, the face on Ken Griffin getting more and more distressed, the lack of tweets from Citadel only to fire back as apes call Ken a liar, the SEC report that confirmed everything, the lawsuits bringing new information on market collusion between brokers to stop the launch, and the incredible correlation between ‘meme’ stocks — it all points to MOASS and I ain’t getting off this train even if I have to wait a lot longer for it. + +It doesn’t feel like it’s going to be years. It feels like it’s only months away, but I’m ready to hold for years. The missed dates don’t worry me anymore and I’ve learned from my mistakes. + +It feels pretty good to be in the zen caboose, the rear of the same train. I don’t have to see the views upfront to know we are on our way to MOASS. The past has already proven to me we are going in that direction. I’m happy enjoying the view from back here. I’m ecstatic knowing that corrupt entities that destroy livelihood for gain are collapsing under pressure and that my personal investment decisions, aside from the potential for gain, are adding to that pressure. I can hardly wait for a better world, but I am more than content to wait for it. + +We are on our way to GMERICA. Figure out your happy spot on the train, but we are all going there. +Can anyone offer some advice on the pros/cons of extending my loft, in the current economic climate? + +I'm thinking of extending my mortgage to cover the cost, and for around £60k (after tax) I'll get a whole new floor on my two bed flat in Tottenham, and a nice new bathroom to go with the big loft room. + +On the positive side my LTV will still be <60%, and I'll get a good interest rate. I'll also get the benefit of the space for around £175 a month on my mortgage, and have the option of renting out the space to get some income. I really like the lifestyle options this gives me. + +However I worry about the impact of a falling housing market, and the poor economic outlook. My monthly payments will be £850 so I think I'll be okay in terms of affordability as I have no dependents. But I was wondering what the worst case scenario might be if house prices end up dropping? Could it end up being a costly and imiting mistake? + +My long term goal is to move house (in around five years) and to retire about 5-10 years after that. My pension is looking reasonable - currently around £350k, at 45 years old. So I'd be interested in any views about the options I have ... + +BTW: I've been really impressed with the quality of advice in this group, both for myself and others. Thanks for all the support! +I want to keep a trail of the posts to show the story and hope it help someone along the way. Each post I did is below. + +October Posts: + +[October post - $58K profits](https://www.reddit.com/r/Daytrading/comments/xywj12/my_october_performance_so_far_58k/?utm_source=share&utm_medium=web2x&context=3) \-- I have and will continue to update that post to show entire month breakdown day by day + +[Columbus Day Profits -- $9.1K+ -- with October being over $66K+](https://www.reddit.com/r/Daytrading/comments/y0mpk8/columbus_day_profits_91k_with_october_being_over/?utm_source=share&utm_medium=web2x&context=3) \-- now for this -- I actually made a little more as I thought I was done for the day but continued to trade - which I only updated on the first post as that will be a running one to show entire month day by day + +My Journal entry that I use is because it automates it for me: [Journal Entry Software](https://tradesviz.com/referrals/fkD3CSxUWvS4COLTELkInOkw9eKRZt27eeOmMJNq) + +This is direct on their site : "*Invite other traders to join TradesViz to get discounts on your subscription! For every user who signs up using your unique link and buys a pro subscription, you get 15% off your next subscription bill and your referral gets a 15% discount on their first subscription plan bill!"* + +My Trade Plans are here: [Trade Plans](https://haustrades.substack.com/?utm_source=substack&utm_medium=web&utm_campaign=substack_profile&utm_source=%2Fprofile%2F7992967-haus-hedge&utm_medium=reader2) which I also have been posting here on Reddit but its better to read on Substack if you want to be notified...hope that help + +&#x200B; + +&#x200B; + +[October ](https://preview.redd.it/xhq4kll1h8t91.png?width=1115&format=png&auto=webp&s=88443a2efd5f3d88891afa71e2f6c4c2605c9932) + +&#x200B; + +[Calendar view](https://preview.redd.it/rv8bk2fdh8t91.png?width=1083&format=png&auto=webp&s=6936a5d8de4fe4a1a3657ae42415f0765075e471) + +&#x200B; + +[Trades for 11\/11](https://preview.redd.it/3f06u8egh8t91.png?width=1106&format=png&auto=webp&s=d41249566ebb60bf2d2a6b445645e2176c5211c7) + +&#x200B; + +[Balance Chart](https://preview.redd.it/rgtpfa7oh8t91.png?width=441&format=png&auto=webp&s=d8b9adc1ab47bce5617f4e4344771433c6140c39) + +&#x200B; + +[Win\/Loss - Duration\/Hold Time ](https://preview.redd.it/tdi3nx9gt9t91.png?width=489&format=png&auto=webp&s=d960bf75595c2986ccac4ada1d095d66609106c1) +If there is one thing that I notice in the cryptocurrency community, it's that mostly everybody is worried about the current USD, EURO, or GBP value of coins. However, if the world is ever going to go full crypto, fully decentralize and really put this technology to great use, to get away from centralized banking and oppressive governments, then we must stop valuing our cryptos with FIAT currencies. + +My question is, how do we go about this? How do we overthrow the world's oppressive monetary system? Is it up to businesses to take a leap of faith and price out products based completely on crypto? For example, a loaf of bread will cost, .01 ETH no matter? OR, do we start valuing everything reletive to Bitcoin? + +The biggest issue in the world I see is that there is ridiculous income inequality and cryptocurrencies can help solve that issue, but not if we keep comparing them to FIAT and definitely not if we keep cashing out to FIAT, and definitely not if allow government to regulate the markets. + +Thoughts? +Still remember the overall consensus in early 2021; “fill ‘m up boys, we’re going up and ETH will never go under 2k again”. This proves that no one has the ability to understand what is happening and what will be happening. “Invest” wisely, or actually gamble wisely and only with fiat you can miss. Say goodbye to it and hope to ever see it again. +The recently released [Coindesk - State of Blockchain Q4](https://media.coindesk.com/uploads/research/state-of-blockchain/2017/q4/sob2017q4-2018.pdf) has released a huge amount of fantastic information. Something that did catch my attention though was ICO funding. + +During Q4, there was 3.23 Billion in ICO funding, that is an absolutely phenomenal amount of money being invested in ventures that were mostly just white papers. + +Obviously the market was well overbought coming into early January, and profit taking by early adopters, and the subsequent fear of a crash lead to an absolutely astounding correction. + +I am interested though in how much of this crash was induced by a sell off of ICO's intending to fund their projects? The world still runs on FIAT and new projects aren't paying there bills in ETH and BTC. + +On the contrary though, the rise in the price of ETH actually accounts for a large amount of the perceived funded value. + +When priced in ETH + +Q2 - 4.96m +Q3 - 4.83m +Q4 - 7.52m + +That's 17.31 million ETH tokens funded to ICO's during the past three quarters. That accounts for nearly 20% of the entire ETH supply. selling that off in early January, as well as profit taking by early adopters across the entire cryptospace, easily explains the huge crash in marketcap. FUD may have made it worse, but it was more likely a byproduct of natural market movements, and people taking advantage of sentiment. +I wanted to call this the "THANKS KEN" Megathread!!! + + +It's clear to me that KG drank too much whiskey, and indulged in too much mayo the evening before he dreamed this little beauty up. + +This may in all likelihood become the worst decision ever made in the history of the stock market. + +I believe the hype. + +I bought X GME. + +I saw u/deepfuckingvalue briefing the House Committee. + +I've read the DD. + +I trust RC&co. + +I like the stock. + + + +I am a happy ape with Diamond Hands. + +💎🙌🙌💎 + +An ape who is happy to wait for a rocket to the moon. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +I have gained wisdom from sh1tposts, and laughed out loud while reading DD about SI%. + + +Finally all that's left for me to do is to thank Ken Griffin for making a play that was so fantastically bad that I will never work another day in my life. + +Thanks Ken, I'm planning to retire to a banana plantation just south of the equator. I'll spend my free time barbecuing tendies and sharpening crayons for all the 4&5 year old children of the world, so they can learn maths better than your interns ever did. + + +We set the floor. + +The 3 commas rule is official. + + ( $xx,xxx,xxx,xxx) + + +TDLR; Hegies r fuk! + + +This is not financial advice. Please seek financial advice from someone is qualified. + +1,2,3 everybody +...... +Thanks Ken!!! +Age 24, 60k deposit living at home 34k salary. Looking for 1 bed flat to buy in London. Max budget is 240k. I’ve looked at so many flats and the ones that I can afford are 20-30 year old council flats which have been run down with mould everywhere. I’m starting to think that I’ll never be able to afford in London as a single buyer unless I save up a massive deposit £100k+. Is this normal or am I exaggerating? New builds are off the table too as the cheapest new build 1 bed I found that is actually available was 300k+. Any advice? I work in central London but I am willing to travel 45mins to work +Biolase ($BIOL) makes dental lasers. They make both take-home whitening lasers, and big heavy-duty lasers that are purchased by dental offices. Lasers are the future of dental care. + +They are a small company with a market cap of about $140 million. + +Share Price as of close on Friday: $1.21 ($1.26 after hours). + +BIOL got some attention in this subreddit about a month ago. At that time, people were excited that BIOL was going to present at the H.C. Wainwright's BIOCONNECT 2021 Investor Conference. At the time of the last reddit post share price was $0.75, so it’s gone up over 60% since then. ([Link](https://www.reddit.com/r/pennystocks/comments/kvvo0e/small_dd_and_opinion_on_biol_lets_discuss_its/) to prior reddit post - Disclaimer: not posted by me.) + + + + +**Why Now?** + +**An interesting buying opportunity is happening today.** + +On Friday, at 9:42 P.M. (after the close of all trading for the day) BIOL announced a $14.4 million **Bought Deal** at $1.03 per share. ([Link](https://www.prnewswire.com/news-releases/biolase-inc-announces-pricing-of-14-4-million-bought-deal-offering-301223400.html) to PR Newswire story.) A **Bought Deal** is basically when a company agrees to issue a large number of new shares to an investment bank at a price that is lower than the current share price. The IB gets to buy shares at below market prices, and the company gets an infusion of cash. + +In the short term, bought deals often drop the share price. Take a look at what happened to $TRXC, another medical device company. They announced a bought deal on January 26, 2021 at $3.00 per share. ([Link](https://www.businesswire.com/news/home/20210126006100/en/TransEnterix-Announces-25.0-Million-Bought-Deal-Offering-of-Common-Stock) to PR Newswire story.) This announcement dropped the share price from $3.06 down to a low of $2.89. ([Link](https://www.nasdaq.com/market-activity/stocks/trxc/historical) to Nasdaq historical data.) People don’t like to see a bunch of new shares diluting their shares, especially at lower-than-market price. + +But, and here’s the big but – TRXC’s share price immediately rebounded, and is currently sitting at $3.56. The investors realized that (1) an infusion of cash is exactly what most small cap companies need, and (2) The investment bank wouldn’t be investing millions of dollars in this stock if they didn’t think the share price was going to go up. + +On top of this, the dental business in general is in a recessed period that is about to come to an end. In the mask-wearing time of COVID, the last thing anyone wants is someone sticking their hands literally inside your mouth. As we get vaccinated and start returning to normal, there will be a large influx of cash into the dental industry, and the money from this bought deal will help BIOL position themselves for maximum growth. + + + + +**My Play** + +Basically, I see this bought deal as a bullish signal that may cause the share price to drop. If it dips Monday morning, it presents a great buying opportunity. If the share price rises despite the bought deal, I'm putting on my astronaut helmet and moon boots. + + + + +**Fun Fact:** + +**Laser’s do in fact go to the moon.** + +During the Apollo mission, astronauts installed reflectors on the moon so that scientists back on earth could bouncer lasers off of them for science, and for general awesomeness. (Link to Wikipedia article.) + + + + +**TLDR:** + +BIOL about to bounce a laser off the moon. + + + + +**Disclaimer:** + +This is not investment advice. Do your own research. I like this stock. +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. +["Living paycheck to paycheck is disturbingly common"](https://www.washingtonpost.com/business/2018/12/28/living-paycheck-paycheck-is-disturbingly-common-i-see-no-way-out/?noredirect=on&utm_term=.febc238b3380) \- Washington Post + +I was struck by the difference in tone and attitude in this article compared to FI community. + +I do realize "unable to come up with $400 in an emergency" is reality for many people (most?). And trying not to pass judgment, but to better understand the realities others face. I know some people in this boat. + +For me, it was a nice reset of expectations around how people outside the FI community view finances. Sometimes I find myself in a bubble reading FI content. It's good to pull back a bit and get context. + +Edit: formatting + +&#x200B; +You guys out here being the real heroes. You guys bust your ass for shit pay and go the extra mile when you shouldnt and put up with peoples bullshit. And after all that your boss takes you into his office and gives you a .25 cent raise. And what do you do? You smile and keep grinding with an extra $10 in your pocket. $520 extra dollars a year. Then uncle sam shows up like debo from Friday asking for his cut. +I had a loose appreciation of inflation before, but this article neatly summed it up for me (I'm sure there are more detalied, clearer articles). + +My council tax is going up £65 this year. Energy costs are going up roughly £115. TV license by £4. + +Just these three outgoings increase the yearly ongoing of my house by £184. + +I thought this might be useful to illustrate the small increases that add up in the new financial year. + + +Edit - link cause I'm an idiot and didn't include it in the post +[https://www.theguardian.com/money/2019/mar/31/uk-consumers-hit-by-energy-and-council-tax-bill-rises](https://www.theguardian.com/money/2019/mar/31/uk-consumers-hit-by-energy-and-council-tax-bill-rises) +Specifically credit card and student loan debt. They didn't cosign for anything. Would they be responsible for it if something happened to me? + +**EDIT:** Okay, I'll just type out everything here because my inbox blew up and I'm tired of answering the same questions. + +I finished grad school in 2012. I have an MSLIS degree with a concentration in school library media, and I'm a certified public librarian and K-12 school librarian in NY. At the time I was working in retail. 3 months after I graduated I got hired as a school librarian in New Hampshire, and I moved there from Long Island. I was their school librarian/computer teacher for one year. I only lasted a year because I was honestly not very good at it. The job gave me a lot of stress and anxiety, to the point where I was hospitalized by my therapist in December 2012 after trying to kill myself. My therapist and the various doctors at the hospital suggested I quit for medical reasons, but I didn't want to. I had made it almost half the year, so I wanted to stick it out and see if it got better. It didn't get better, *I* didn't get better, and the principal said she wasn't going to renew my contract. I was actually greatly relieved. I started looking for a new job in May 2013, one month before I officially became unemployed at the end of June. + +So, while I am a certified teacher, my teaching experience wasn't really all that positive. Ideally I'd rather not go back, but at this point I'll take whatever job I can get. I have applied to schools. I have also been applying to public libraries, universities, museums, and prison libraries. As for something immediate and part-time, I have been applying to retail, supermarkets, and fast food. The only job I could get was a part-time seasonal retail position that lasted from this past November to last month. + +I can't move in with my parents as A)Their house physically does not have the space, and B)They live in a complex for senior citizens 55+. I'm 25 years too young. + + +As I mentioned earlier, and as some people have found from my comment history, I used to be in therapy. I was in therapy at my grad school's psychological services center for 2 years. They also put me in touch with a psychiatrist at a local teaching hospital so I could get on medication, which I started taking in 2011. When I moved to NH in 2012 I got a new therapist and continued to take my 40mg of Prozac. When I was hospitalized, the psychiatrist there took me off the Prozac and put me on Effexor. I took that from December 2012 until this past October. After I lost my job, I naturally also lost my insurance. I was getting the Effexor 90 days at a time, so I had a bit of a stockpile. I then started ordering it online and paying out of pocket from my savings/unemployment, but I ultimately couldn't afford it anymore. I did eventually get on Medicaid...but then they refused to pay for the Effexor, so I had to stop taking it this past October. I still had some old Prozac to take to help with the withdrawals, at least. So since Halloween 2014 I have been off my meds. And I tried going to a local grad school's PSC for help, but they said they had no one who could see me. And I have absolutely no money, so I can't afford any copay. + +And finally I am transgender. However I am very firmly in the closet, and have not really begun to transition yet (if I ever do). So for all intents and purposes I present to the public as an ordinary miserable guy. + +All I came here for was to ask if I died, would my parents get my debt. And they apparently won't. Will I hang myself tomorrow? Probably not, but I'm not exactly careful crossing the street anymore. +I can still afford a Tesla. But, hey. + +Honestly was going to look at buying one in a year or so. The cheapest model of course. $35,000 really isn’t bad for a new car. Electric even. How cool to run around in a massive battery powered car. + +But now that Elon is fucking with my money, I think I’ll fuck with his. I am no longer interested in his cars. Other companies are moving into the market now. I’ll probably never look into owning a Tesla ever again. + +Not sure if this is a sentiment the crypto community should latch on to, but I sure the fuck am. + +Oh, and happy Friday everybody! + +Edit: for those that don’t think I understand Elon isn’t the only thing that caused the crash, I know that. I realize China caused most of it, but Elon didn’t help. If I feel like boycotting a company that treats their employees poor, runs completely environmentally unfriendly companies (which will be worse when they move to TX), and a CEO that fucks with markets for fun, I’m allowed to do so. The sentiment doesn’t seem to be one sided. + +How am I going to boycott China? They’re currently strangling the US and I don’t see a way out. + +And I can’t wait to get my hands on those TeslaCoins when he releases them. /s +I just learned that I inherited 30-40 grand. I did not expect this at all. Now that the shock has worn off a bit, I'm trying to figure out what to do with this money. + +A few details about me: +I'm 28 and just graduated college. I live in New Jersey. I started my current job last year and I'm making a little over 80k a year. I Have 75k in student loans (interest ranges from 3.5% to 10%). I am contributing 6% + company match to a retirement fund. I have minimal living expenses and have been throwing all my spare money at my highest interest loans for the past six months. I have a little over 10k as an emergency fund/savings. + +I have a few ideas of what to do with this money +1) buy a sweet Camaro +2) put all the money into my student loans +3) use the money to buy a house. I have a friend who just bought a house with a 0 down mortgage and is renting out spare rooms to cover the monthly mortgage bill so he's basically living rent free. + + +**edit:** Thanks for all the advise. This has given me a lot to think about. And for the record, the Camaro bit was a joke(mostly) +I’m over 10k in credit card debt. I have no insurance, and I sleep on the floor of my brother’s living room on a shitty 8 year old half mattress my old roommate didn’t need anymore. Most of my debt is from therapy. Last August ago I promised myself I’d give therapy a shot or die trying. I was hospitalized almost a year ago for what they called an “interrupted suicide attempt.” I thought I finished paying off all my hospital debt, but two days ago I was hit with another 10k bill. I don’t feel like fighting anymore; I’m so tired. All I want is a little freedom. Everyone wants me alive but makes me pay for it, it’s not fair. Just let me go… + +I have a budget; I have a plan. I follow the financial advice but it’s just so fucking exhausting, I don’t know how people do it. + +Thanks for reading, anyhow… I just needed to rant. +Anyone care to share what their bonus numbers were? Wells Fargo is said to have paid [$85k base plus $60-70k bonus](http://dealbreaker.com/2015/08/bonus-watch-15-wells-fargo-junior-bankers/). +To me this appears to be a fundamental flaw in the ratings agency model. The ratings agencies are ultimately responsible to buyers, since these are the people who depend on the ratings agencies to ensure the quality of the buyers' investments. And yet the ratings agencies' business models are still dependent on the ratings deals they can secure from investment banks. In other words, it's the ratings agencies asking the investment banks "please let us rate the securities you issue." + +My question is, why can't this balance of power be reversed? Why can't the agencies find other sources of revenue, whether it be consultant fees, publication sales, etc. (i.e. sources that are derived from buyers)? + +This way, ratings agencies would compete not on the basis of how many deals they secure, but on the accuracy of their guidance and their value to the buyers that depend on them. Theoretically, this would also create an atmosphere where investment banks seek out the ratings of the best agencies, as buyers would shun securities that aren't rated by the best. + +This seems like an idea worth dedicating one's professional life to: solve the fundamental flaw of ratings agencies while building the most respected ratings agency in the world. + +Clearly I'm missing something, so let me have it. +Im looking to expand my reading list! +I like browsing + +* Dealbreaker.com +* Dealbook.nytimes.com +* Zerohedge.com + +Go ahead and list the ones you frequent. +I feel pretty lonely sometimes within the Bitcoin community. Allow me to rant for a moment. + +I see all this obsession with the price and exchanges and ohnoes, I stored my money in someone else's server and now it's gone, and I wonder, well, why was your money in someone else's server to begin with? And why are you just speculating with it? And then you start dreaming about how you're gonna make a profit by mining it and you talk about "market cap" and then you go on about Ayn Rand and how the banks are screwing you over and to all of this I say who^*gives*^**a**^***FUCK***. + +Look, if you guys in the US are upset about the IRS not treating bitcoin like a currency, why are you so surprised when you yourselves are not treating it like a currency? Whoever heard of something as idiotic as the "market cap" of the Euro? Whoever stores all of their dollars in some random internet idiot's server? Who thinks that they're gonna bring down the international central banking system with dogecoins? + +I'm just here for the bitcoins because I got *paid* in bitcoins for my *labour*, and I *spent* those bitcoins on goods and services I wanted. I kept the bitcoins in *my* possession, not on someone else's server, because I don't need to make fast transactions into fiat. I use bitcoins as currency. I'm not a speculator, a miner, a fiscal revolutionary or anything of the sort. I'm just here because I like the idea of being able to zap money instantly to anyone worldwide. Just this. + +So, who else is with me? Or am I the only one around here actually using bitcoins as international internet currency? + +P. S. I get that we need miners and speculators to get the system going, so those of you brave souls doing that, thanks for getting the wheels turning. But we can't *all* be speculators and miners. I just want to find the ones who aren't. +Hi all, I view maintaining health insurance and getting top notch health care as one of the key barriers to me achieving FIRE...in the USA. + +I currently get health insurance via my employer for a $500/month premium plus another \~$200/month in out of pocket expenses due to group rates and my employer paying most of the premium. If I had to buy health insurance privately, I expect it could cost me upwards of $50K to insure my self and family if I'm able to get insurance at all (have pre-existing conditions). This rate of $50K is based on having friends that pay this much with similar pre-existing conditions because they own their own businesses and don't get insurance through their employer...if there's a possibility to pay less for top quality care I'm interested...but it would ideally be <$12K/yr to get to FIRE in the near future. + +Looking at countries like Germany, where private insurance can be bought, or Canada or Israel where insurance is provided for all, does anyone have any insight into what kind of costs one should expect in those countries in particular, and more generally in any desirable to live country with top tier health care? And how are these costs affected when income is coming from investments rather than salary via an employer or business? Thanks! + +**Edit**: Found some info on Germany health insurance. Will cost $2,300/month USD to insure 2 adults + 2 kids if self-employed or not working ([https://www.howtogermany.com/pages/healthinsurance.html](https://www.howtogermany.com/pages/healthinsurance.html)). + +**Edit**: I went on [healthcare.gov](https://healthcare.gov) as some people suggested and entered my info and compared plans. Best rate I can find in my state will cost me >=$27K/yr...broken down with $20K/yr in premiums and $7K/yr deductible before insurance kicks in. That's less than I expected, but still a lot higher than I would like wrt FIRE. +I am getting close-ish to achieving my financial goals and now and having second thoughts about whether my allocations are correct or if I should be seeking help since the money has grown. I think this is lack of self confidence more than anything, but.... + +Have you grown much more conservative as you approach your goal or achieved it? In theory, I should only need to withdraw about 2% to maintain my quality of life, though I am going to have college to pay for for 2 kids (I have a 529 for them that will cover a little) so I would love for things to keep growing. + +How have you handled things as the dollar value has grown, etc...? + +Thanks! +I currently own about 4.25 Eth. I also have several alt coins that are doing well, but idk how much I like them for the long run. Just trying to get some opinions - does anyone think Eth will have a bounce back and fall well below the $2,000 mark for any period of time, or do we think we’re holding the line at or above $2k? I want to covert a shit ton of my alts over +ETH was certainly an ICO. If NEO is banned, so would be ETH, right? Or is ETH grand parented in? I guess I don't know if what this means is that ETH itself is now banned and people haven't realized it yet. +Why would anyone want to use ETH (or any digital currency) as a currency? I see nothing but drawbacks. + +* Consumer protections – if I get ripped off by a company and I need to do a chargeback, I call the CC company and I get my money back instantly. +* Fraud – if there is a fraudulent transaction, I don’t have to worry about anything, 100% covered. +* Security – The bank safeguards my money. +* Ease of use – it’s extremely easy to pay with a credit card. Just tap/swipe the card, apple pay, etc. It’s not convenient at all to pay with digital currencies. + +What are the advantages to paying with Ether? The arguments I hear for crypto are + +* Decentralization, the block chain keeps transactions secure. +* You manage your own money; you are your own bank. +* Privacy, users can make transactions anonymously +* Flexibility in sending/receiving money. I can send someone in Japan $1,000,000 in Ether with little fees fairly quickly. To do the same task with the traditional banking system wouldn’t be as fun, to say the least. + +The “pros” for digital currency actually seem like cons. What does decentralization matter? I have a relationship with my bank and they keep everything in check. From a consumer prospective, the only thing that matters are: is my money in my account? Can I use it? Is it safe? As long as those are true, that’s all I really care about. + +Holding onto digital currency and managing the security aspect of it is hard. You need to create a wallet (or buy a hardware wallet), create a recovery process to regenerate your private keys in case there is ever a disaster, and protect those backups. This is in addition to trying to protect against criminals trying to steal your keys. And if they are hijacked by phishing/malware/etc. then you’re toast. + +If an attacker gains full access to my credit card or checking account, the bank will give me my money bank and change my account number. There’s essentially no risk of getting screwed over. +As far as anonymous transactions, I really don’t care if the bank knows if I shopped on Amazon. I actually want them to keep track of all transactions for me in a centralized spot. It’s incredibly useful to be able to look at my past transactions and do analysis (how much gas did I buy this month? How much did I spend in food?). It’s next to impossible to do that with Crypto. + +I don’t regularly transfer over $10,000 to other people or outside the country. I would say this is true with most consumers as well. It’s probably most common for people to send less than $10,000 to family/friends a day. With Google wallet I can send and receive money instantly, it’s a lot faster than sending crypto, there are no fees (no mining or gas fees). As an added bonus, it’s really easy to use. +I love the technology behind Ethereum, I find it fascinating, I will continue to HODL my investment and check GDAX 200x a day, but given the opportunity to buy products with crypto or a credit card, I will choose the CC every time. + +My question: are there any real practical reasons for using crypto for everyday purchases for consumers? + +edit: formatting +I started buying ETH back in July and finally made it to one full ETH around the $2,000 range. Just this week I decided to sell and diversify my portfolio, leaving the original $2000 in ETH and staking it. + +I added equal amounts of: +- LINK +- ADA +- LRC +- DOGE + +Looking to add another 1 or 2 coins this month. What would you recommend? +After reading all these theories about an upcoming fake squeeze I wanted to clarify something (also to myself). As far as I understand that's not how margin calls work, they can't let the price rise to 5 digits only to let it fall back down and pretend it's all over. + +If the price goes up to 300-400 and then goes back down, would anyone who got themselves in this at this point believe it was the MOASS. I doubt it. I doubt anyone would even flinch. + +Letting the price rise is like setting fire to a gasoline soaked house and then hoping to extinguish it before the flames get out of control. +* Friday, November 18 XRT goes off threshold. +* At the time there is around 400k GME shares available to short on IBKR +* Tuesday, November 22, just two trading days later, 2 Million GME shares are available to short on IBKR, and increase of 1.6 Million shares. + +You can check all of this yourself on the via the following websites: + +https://www.nyse.com/regulation/threshold-securities +https://iborrowdesk.com/report/GME + +p.s. This is only data for borrowable shares on IBKR. Who knows how many shares showed up in other borrowing pools. +...and that is putting it mildly + +--MicroStrategy supposedly buying the orange coin hand over fist + +--El Salvador adopting it as one of their official currencies + +--Other countries putting forth resolutions to do similarly + +--Several cities in the US (and other places) considering adopting it for government workers + +--Increased decentralization because of miners being forced out of China + +--Supposed increase in % of miners using clean energy + +Then there is Vitalik's coin... + +--Nearly a billion USD burned since EIP-1559 went into effect + +--NFTs booming + +--DeFi booming + +--2.0 on the horizon + +--Rumblings of Twitter integrating the orange coin AND Vitalik's coin + +If all of these things are accurate, we should be way higher than we currently are. + +It doesn't fucking add up. I've never been one to buy into the whole manipulation thing or conspiracy theory stuff, but something just doesn't ***feel*** right. + +I don't know what is going on, but I'm starting to believe we (the crypto community) are being fucked with. + *Thursday 4/15/2021* + +🚀JP Morgan announced sale of $13 billion in bonds. Record for a bank + +🚀Credit Suisse=fucked with archegos. Sued by an entire towns pension fund for losing their money. $400m announced lost with more incoming + +🚀Black rock assets reach 9 TRILLION. Says says Bitcoin is a future “great asset class” + +🚀Gary Gensler appointed Jan 26 confirmed as new chair of SEC + + *Friday 4/16/2021* + +🚀BOA did the same for $15 billion. Breaks one day old record. + +🚀Morgan Stanley announced a $911 million loss on (1) hedge fund failing (Archegos). + +🚀Citi group announces they will leave 11 international markets. + +🚀Jim Cramer saying the bank stocks are “Dirt Cheap” after earnings crash + +🚀DFV exercises call and purchases 50k additional shares🚀 + +🚀Cryptomarket Explodes after media exposure pump + +🚀Royal Bank of Canada stock drops 66% in afterhour trading + +🚀Edit: Royal Bank stock recovers in AH.......because Citadel securities bought a metric shit ton of thro stock to pump it back up. + +https://twitter.com/heyitspixel1/status/1383698223613714438?s=21 + + + + *Saturday 4/17/2021* + +🚀Gary Gensler sworn in as chair of SEC, crucially breaking 2-2 stalemate to give Democrats 3-2 control of board. + +🚀Cryptomarket collapses with each coin crashing over 20-25% which left 9 billion in bag holders that fell for the pump. + +🚀US headquarters of Most banking institutions are working through the night as evidence of lights on in their towers. + + + + *Sunday 4/18/2021* + +🚀Leaks coming from the treasury state that charges are incoming (this week) that are charging several prominent US institutions with money laundering using cryptocurrency. + +🚀Top 6 stories on marketwatch homepage about crypto. As of 6:55pm + +🚀Stock futures fall after closing at record highs + +https://www.cnbc.com/2021/04/18/stock-market-futures-open-to-close-news.html + +🚀Said companies still working past normal business hours because TPS reports must be due. + +🚀 https://www.reddit.com/r/Superstonk/comments/mtfztd/chicago_search_trends_past_24hrs/?utm_source=share&utm_medium=ios_app&utm_name=iossmf. Credit u/Idontdiikeoranges +**Preamble:** Ahh, a tale as old as time. Two legions of believers destined to be eternally entwined in battle! On one side we have those who swear by the active fund managers and their superior returns. On the other, we have those who trust the good old index fund with all their life savings! + +[ ](https://i.redd.it/zxm0u6tkyih71.gif) + +Pick your sides. It’s about time we put this argument to rest.   + +**Data** + +It’s one of those rare times where somebody else does all the legwork for your analysis. Almost all the data for this analysis is from the [2020 SPIVA U.S Scorecard report](https://www.spglobal.com/spdji/en/documents/spiva/spiva-us-year-end-2020.pdf). SPIVA is a division of the S&P Global and has been considered as the de-facto scorekeeper in the active vs passive debate. They have produced a report every year since 2002. They have done all the dirty work of collecting and cleaning the data required for the analysis \[1\]. + +**Analysis \[2\]** + +We will be analyzing the following types of funds + +[ ](https://preview.redd.it/lcpg77imyih71.png?width=494&format=png&auto=webp&s=ee23ec2dc2649efd35fa9de7ef9169699babd1c9) + +We will be then calculating the following + +a. Percentage of funds underperforming the benchmark across time periods (1, 3, 5, 10 & 20 years) + +b. Average fund performance (1, 3, 5, 10 & 20 years – Both Equal and Asset Weighted) + +The above analysis should give us conclusive evidence on which approach is better both in the short as well as long term. + +**Results** + +[ ](https://preview.redd.it/fu5yzplnyih71.png?width=1028&format=png&auto=webp&s=f6d150d0872d79fc49a5a5dcc942690abf3d015e) + +The results are not pretty! Except for the lone one-year period for small-cap funds, most actively managed funds underperformed their corresponding index in all the other time frames across the different funds. + +As we can see, these differences only become much more drastic over the long term. If you consider the Large-Cap Funds, over the last 20 years, 94% of the actively managed funds have underperformed S&P500. + +A similar story is repeated for Small and Mid-cap funds. We can conclude from here that it’s very unlikely that the fund you choose today will be able to beat the corresponding index over the long run. + +But this is just one aspect of performance. What if you consider the average returns produced by the actively managed funds? Would they beat the market returns \[3\]? + +https://preview.redd.it/cbriauooyih71.png?width=1029&format=png&auto=webp&s=3344a479ae1025f9bb0c584f565c492d21c0ca4e + +[ ](https://preview.redd.it/1pmthyepyih71.png?width=1029&format=png&auto=webp&s=6b11e2681706fa6c9e983bba3d4ff8d0b985a9ca) + +In both Asset and Equal weighted returns, the index funds have outperformed actively managed funds over the long run. The only place where we can say with some confidence that actively managed funds performed better is in small and mid-cap funds where returns from an actively managed fund were slightly better than the index. This again is applicable only for time periods which are lesser than five years and also you have to be diligent enough to pick the right fund at the beginning of your investment. + +There are mainly two reasons I can think of why active funds are underperforming index funds + +a.  The fees active funds charge add up over the long run and the market is becoming more and more efficient. While 40-50 years back, there would have been a better chance of a fund manager finding an undervalued stock, the abundance of information makes it difficult to find the diamonds in the rough. This can also be seen in the fact that active funds have relatively better success in mid and small-cap funds where there is more scope for price discovery when compared to large-cap stocks. + +b.  We underestimate the changes that can happen over 20 years. The fund manager, management team, and even the fund strategy can change after seeing multiple rallies and recessions over 2 decades. So, the fund you started with would be vastly different after 20 years. + +One callout here is that while benchmarking against actively managed funds, SPIVA (S&P Global Subsidiary) pulled one over us! + +[ ](https://i.redd.it/uzde048vyih71.gif) + +The benchmark is calculated with respect to the index return without considering the cost associated with investing in the index (while the actively managed fund returns are calculated after fees). While this is a very small amount (0.03% for Vanguard SP500 ETF) when compared to actively managed funds (0.7-2%), it might change our final results slightly. But I don’t think it would in any way affect the overall results as the expense ratio is negligible for index funds. + +**Return Comparison considering fees** + +Since some of us would have a lingering question on the impact of the index fund fee, I did some calculations on the difference in return over 20 years if you invested in different funds. (The Index returns here are calculated after incorporating the fees – 0.03%) + +[ ](https://preview.redd.it/copkzpewyih71.png?width=987&format=png&auto=webp&s=c3391a7a830facdd40f9ecf7c797ac9200509d0b) + +This should be the final nail in the coffin for actively managed funds as in all the scenarios of our analysis, just investing in a passive index provided significantly better return over the long run.     + +**Conclusion** + +I am not saying that active funds are pointless. Different investors have different time horizons of investment. Active funds sometimes do tend to perform better than the index during significant market volatility. In these times, fund managers can be more selective (like converting the holdings to cash and then buying back at the bottom) whereas with index funds you will be replicating exactly what the market is going through. + +But then again as we can see from our analysis, only <15% of funds \[4\] beat the market in the long run (20 years). As we can see from the trends, longer time periods only work against the active fund managers. The chances of the fund making the right decision year over year reduce which is why it’s good to remember that past performance cannot be indicative of future returns. + +So, to conclude, in almost all the cases, you would be better off just sticking to a passive index fund and letting it ride! + +**Footnotes** + +\[1\] The data provided by SPIVA is accounted for survivorship bias, compares similar funds to its benchmark rather than comparing all types to SP500, and has also split its returns into both asset and equal-weighted methods. A detailed explanation for each is given in their official scorecard. + +\[2\] This analysis would be limited to the data directly provided in the SPIVA report as they have not shared the raw data used in the analysis. + +\[3\] Even if 86% of all funds underperformed the market over the last 20 years, what if the rest 14% created so much alpha that on avg returns actively managed funds beat the market? + +\[4\] The chances of you picking the correct fund that will outperform the market in the next 20 years are very close to the chance of you predicting the correct number in a die throw! You can check your luck [here](https://freeonlinedice.com/). + +*As always, please note that I am not a financial advisor.* Hope you enjoyed this week’s analysis. +I have been hodling for several years at this point, and have had "not your keys, not your coins" drilled into my head, but have kept my coins on Coinbase the whole time anyway. I even bought a hardware wallet several years ago but was too nervous to actually transfer my coins to it. I figured a big company like Coinbase is probably better at security than I am, so what's the real risk? A post here last week was what finally pushed me over: pointing out that in bankruptcy, Coinbase could (and probably would) liquidate my coins to pay creditors. While I don't think it's likely that my Coinbase vault would get hacked, I do think there is a much bigger chance for Coinbase to do something dumb on the business side and go bankrupt during some particularly bad market volatility. So I bit the bullet and transferred my coins - other than the excruciating 30 seconds between initiating the send at waiting for it to show up on the other side it was very painless. TL;DR I finally pulled my coins off of Coinbase, and you should too +I posted a while back about getting a second full time job and you guys were very supportive and a few asked for an update so here goes. Not sure to make post long or short but I can elaborate if anyone’s interested. + +Pros: +1) Paid off roughly 1/4 of my overall CC debt in three months which turned my 3 year plan into a 1.5 year plan. + +2) My credit score shot up over 60 points as I prioritized my highest balance to available credit instead of paying off my smaller cards first + +3) Made my short term goal of having 1K in my savings account. I constantly would deposit into my savings just to withdraw it shortly after to pay bills before + +4) Got to splurge on my wife and I a little bit without using any credit cards + +Cons: + +1) No sleep lol literally 2-4 hours of sleep on most days with some back to back to back shifts which was honestly insane + +2) Less time with the wife which sucks big time but did make the time we spent together more meaningful in a way + +3) Postponed a vacation due to not having any time off in the 2nd job + +4) Gained like 10 pounds from eating more fast food and got away from my prepped meals which in turn led to generally spending more on food + +Conclusion: + +My body responded better than I anticipated with the extra work load as I managed to stay awake without a problem but I did have more headaches and heartburn. I definitely feel for those that have to do this out of necessity and can’t just walk away like I’m about to do. Overall I would have wished I did this sooner when I was just a bit younger but I do believe the pros outweigh the cons as long as you’re feeling healthy and not driving sleepy. My #1 job is in retail so I’ll have to resign from my #2 job soon as in the hours will start interfering and I can’t risk losing my main job. If anyone has any questions feel free to ask and be safe everyone! +https://www.reuters.com/article/us-health-coronavirus-china-manufacturin/chinas-factories-reopen-only-to-fire-workers-as-virus-shreds-global-trade-idUSKBN21D0IG + +> “The unprecedented shutdown of normal economic activity across Europe, the U.S. and a growing number of emerging markets is certain to cause a dramatic contraction in Chinese exports, probably in the range of a 20-45% year-on-year drop in the second quarter,” said Thomas Gatley, senior analyst at research firm Gavekal Dragonomics. + +> Economists had initially anticipated a V-shaped recovery for China’s economy, similar to that seen after SARS epidemic in 2003. But analysts have since slashed their forecasts to levels not seen since the Cultural Revolution ended in 1976. +I'm in my mid-late 20s and a complete moron when it comes to all things financial. Not in an excessive spending kind of way - it's just that whenever anyone tries to explain a 401k to me, it goes in one ear and out the other. The most school ever taught me was how to write a check. I'm single and financially secure by millennial standards, i.e. I have over 10k in the bank. + +Is it worth it to hire someone to explain in small words how investment, retirement savings, etc. work so I can start actually planning for my financial future in any kind of informed way? Or is it better just to try to find a guide online, or something? Are financial advisors only for people who actually have enough money to be worth spitting at? +Context: I made a [post](https://np.reddit.com/r/javascript/comments/x2emrv/i_made_an_open_source_blockchain_automation/) on a community for developers in which it is normal to post the code of your open projects for others to comment on it. I have posted many projects in the past, and the community was always very supportive. After all, you are just doing some work and sharing it for free for others to see and use. + +This is my first time posting a blockchain-related platform. I got downvoted like never, having to go into discussions with people claiming that all blockchain is pointless and a scam. I almost didn't talk about the project, it was all negativity, and I felt like I was trying to scam someone. The project is not even DeFi; it's just a smart contract automation platform that they could use for free. + +How can the Blockchain community revert these views? It would be impossible to create massive adoption if most people strongly believe that everything to do with blockchain is just marketing and scams with no useful applications. This was a community of developers who should at least differentiate the tech from the scams; I can not even imagine the sentiment in other communities. Is there something we can do besides trying to explain valid use cases one by one? +Hello, I'm about to redo my portfolio perspective and would like your opinion on this one. My perspective are +- 10 years. I plan to lump sum a few times over the next 10 months and in the end will have 6 figures invested so the transaction fee although considerable won't matter that much. + +&#x200B; + +|Name|CODE|Holdings N.|% allocation|% total PF|Comment| +|:-|:-|:-|:-|:-|:-| +|**World**|||**50**||| +|iShares MSCI World SRI EUR|SUSW|381|35|17.5|Tends to outperform classic world index + like SRI| +|iShares Edge MSCI World Momentum Factor|IWMO|351|35|17.5|momentum outperformed the market over the last 10 years. | +|Vanguard FTSE Developed World |VHVE|2196|30|15|more diverse, act as a "base"| +|**USA**|||**15**||Extra exposition. USA has historically be a powerhouse| +|iShares MSCI USA SRI|QDVR|133|35|5.25|Wider index than just SP500 + SRI| +|iShares Edge MSCI USA Momentum Factor|QVDA|125|35|5.25|Momentum etra performance| +|Vanguard FTSE North America |VNRA|665|30|4.5|More diverse, act as a "base"| +|**EUROPE**|||**5**||for currency and geographic reason| +|AMUNDI MSCI EUROPE MOMENTUM FACTOR|MCEU|125|40|2|momentum performance| +|iShares MSCI Europe SRI|IESE|116|35|1.75|like SRI + less volatility than momentum| +|iShares MSCI EMU Small Cap|CSEMUS|443|25|1.25|did +- well the last decade. Lot of holdings| +|**Asia - Emergent**|||**5**||exposure to Emergent Asia | +|AMUNDI MSCI EM ASIA|AASI|1120|75|3.75|Very wide include China, Korea, Taiwan| +|iShares MSCI China|ICGA|669|25|1.25|Extra exposure to China doing well| +|**TECH**|||**15**||Although currently high, I still believe it will continue to perform| +|Xtrackers MSCI World Information Technology|XDWT|168|55|8.25|World tech and did sometimes better than Nasdaq| +|iShares NASDAQ 100|SXRV|100|15|2.25|Lot of holdings already part of other index| +|VanEck Vectors Video Gaming and eSports|ESP0|25|10|1.5|Niche ETF but like the perspective | +|WisdomTree Cloud Computing Fund|WTEJ|52|10|1.5|Extra exposure to cloud (US) -home working| +|Lyxor MSCI Digital Economy ESG Filtered|EBUY|153|10|1.5|Like the concept, world exposure - diversity| +|**HEALTH**|||**10**||proven to be strategically and economically important during those times| +|iShares Healthcare Innovation|HEAL|116|60|6|very good performance| +|Xtrackers MSCI World Health Care|XDWH|144|40|4|More diversified| + +A bit complicated but couldn't narrow more my list. I tried to balance between a classic "foundation" - world ETF with some more "agressive" positions (Momentum, tech, health). + +Any critics or recommendations ? +Sveiki! (EN: Hi!) + +I'm 29, and only now my life conditions and probably worries for personal future came to point when I am making serious attempts at understanding how money works and how to make best of it. + +I know that for the most of Europe, these numbers will be crazy small. I have wife and a kid, flat, car and garage - these are my regular expenses. + +My income is around 1300 eur and every month I manage to save 50%. I use YNAB for budgeting, and as it asks to "every *euro* should have a job", all my savings are for certain purposes (birthday gifts, yearly bills, vacation, house and new car/or current car repairs). So these savings are just sitting in one bank account, not doing anything. + +I can't find any useful information about investing in Latvia. Every Latvian site looks like scam. + +But I would feel quiet comfortable to invest half of my savings monthly, that would be 300eur. Or with these sums my plans to get some long term "passive income" is doomed? + +My main "big" future spending is probably bigger flat or a house (at least 150k needed) and with my saving rate it will take 46 years to get to that number (actually probably in 10 years I will have to get bank loan for that and pay it for 30 years). + +As I write this, it looks like my future is not bright at all... +Profile: 36M, PhD in Electrical Engineering , married with one kid, currently at a F500 mid level management job in BE. SO works part time in public sector - Total net income in EUR \~ 80k per year. (combined income). \[I am aware this is a very comfortable number for BE lifestyle costs\] + +We only got into FIRE mindset very recently. The itch was always there but Covid is definitely an accelerator. I guess better late than never. + +Current NW (in EUR): (\~350k) + +* 500k house (Mortgage - 200K) (As you can see, all our savings went into the house) +* 10k in ETF funds +* 25k in various pension savings +* 15k emergency fund + +Moving forward, taking into account child expenses, some travel & COL, we should be able to at the least invest 30k EUR a year (discounting pay raises of the future). + +**My questions to you:** + +1. Is it feasible to FIRE at \~50 starting this late into the journey.? Our FIRE target is 1.5M EUR. +2. The only way for me to accelerate this is to switch jobs with a higher pay. As I am already in the management route, the next jump is either a Director level role in my own firm (may take a few more years) or jump to a VP type role in a start up. Which is better for FIRE? +3. It does seem to me that salaries for management (even for F500 firms) in Europe are significantly less than the US peers. Do you know if upper management get similar stock pay outs as their US counterparts? +4. I am going to stick to a 90% low cost diversified ETF strategy (to keep stress down) and a 10% on high risk ETFs/Stocks. Any thoughts? +5. I also have a couple of ideas for some side gigs with some friends. Perhaps that will add a bit to the side income. Given the tax nightmare we have here, not motivated much to put my free time into it yet. Any one here who was able to integrate that in your journey? + +By the way, I was very glad to see a European sub on this subject. You are all doing great service to noobs like me. The /financialindependence sub has so much info on FIRE, but unfortunately seems pretty much US focused (also biased with crazy earning folks from Software - unreal). +I receive passive income as a German Person but I'd like to move that into my Estonian business without paying income tax on the whole amount. + +What's the best way to do this? +I can't change how I receive the income. +I (m30) come from a country where FIRE is almost impossible due to high income and capital gains taxes (Ireland). Last year I moved to Switzerland where salaries are higher and taxes are lower with my wife. Since then, I have been aggressively investing my salary into ETFs (US domiciled ETFs), while also building savings to buy a house back home. + + +Our plan is to move back to Ireland in 5 years, continue to work for a further 5/10 years and then retire, there is just one problem. In order for our investments to grow tax free, we will need to leave them in Switzerland while we are Irish tax residents. As long as those gains are not remitted to Ireland, they will be able to grown tax free (thanks to the domicile status of my wife and the domicile of the ETFs). + + +Ideally we would like to leave that money in Switzerland for a further 10 years, while we are retired in Ireland, before moving back to Switzerland and realizing the gains. + + +Has anyone here managed this type of situation while residing in Ireland? Is there any issue with just keeping the Swiss investment account (IBKR)? + + +I was thinking of spending those 10 years as coast fire, working part time or freelance. We were also thinking of buying a second property to use the rental income to support ourselves for those 10 years (as rental income is taxed more favorably than CGT). + + +Another part we have not been able to solve yet is how dividends will be treated here. In Switzerland they are subject to a 15% tax, while in Ireland they are covered with income tax. What country would we pay the dividend tax in during this period? Would we still need to submit Swiss tax returns while residing in Ireland? + + +If we remitted the dividends, would they be subject to double taxation? I will consult with an international tax expert at some point but would appreciate any insight here if anyone has any! + +Edit: My wife is Swiss born and therefor will continue to be Swiss domiciled, even when we move back to Ireland. +Hello guys, I'm looking for some advice on my portfolio, I'm kind of newbie to the personal finances world but thanks to this subreddit I'm learning a lot! My idea is to start a "Dollar Cost Averaging" strategy with ETFs. + +I'm 32M, 1/2 argentinean 1/2 italian based in Italy. + +Time of the DCA: 10+ years + +Emergency fund: pretty well covered I'd say. + +Payment: 300e / month with the possibility of increasing gradually + +Risk: well, I say that I can see a -30% without problem, but the doubt is I don't know for how long. Maybe I can see a -25 or -20% for a much longer period without an issue (for this in the future I would add some Bonds, but for now I would go 100% stocks) + +Broker: Directa (italy based) + +Extra: I have the capital to do a lump sum, but since I am in my early stages I prefer to start with a DCA and go slow till I have more confident. + +So basically my options are: + +1: 100% Vanguard FTSE All-World UCITS ETF (USD) Acc ISIN IE00BK5BQT80 (VWCE) + +2: 85% iShares MSCI World SRI UCITS ETF EUR (Acc) (SUSW) ( I prefer this one over its cousin the iShares Core MSCI World UCITS ETF USD (Acc) IE00B4L5Y983 (SWDA), because it doesn't involve companies like guns, tobacco, gambling, etc.). + +15% iShares MSCI EM UCITS ETF (Acc) IE00B4L5YC18 (SEMA) + +Now the questions: + +A: Is there an ETF like VWCE but that has no stake in guns, tobacco and gamgling companies? + +B: What do you think about taking the SUSW instead of the SWDA? or do you recommend to do 85% SWDA 15% SEMA directly? + +C: With the leftovers from each month, I'd like to put them aside and occasionally take a few positions of a more niche ETF. I was thinking about the ESPO VanEck Vectors Video Gaming and eSports UCITS ETF or ENER Lyxor New Energy (DR) UCITS ETF. So it can be really good as well as really bad, but it is a risk I am willing to take as there will be few positions. + +What do you think? Any tip or advice are welcome as well. + +Thank you! +Hi guys. I work on weekends. I get paid, it's not that much but it's enough for me to live decently. I've been using Revolut and N26 for a few months and I don't think I use it that much for me to feel the usefulness of all the features they offer except for 0€ transfer fee. + +What I want to know is: which one is the best and safest to keep that salary? It won't be more than 1000€ or 2000€ per month. + +Thanks +One year ago I moved to Spain but I am a Portuguese citizen. I have a job here in tech, with permanent contract, net income about 2.6k/month. I need to ask for a loan of about 10k-15k euros to help my parents pay a debit in Brazil. Not sure if it is a good strategy to get a loan here instead of there but in Brazil I don't have any income. So I'm considering the taxes/fees to send this money to Brazil. My bank is BBVA here in Spain and I did some simulations and I got this deal: +. Request Amount: 15.000€ +. Term: 36 months +. NIR (interest rate): 7.2% +. APR: 9.24% +. Opening Fee: (2,3%): 245€ +. Total amount to refund: 17.123€ + +Do you think is a good deal? Any tips to get a better deal? Any other banks to ask? Feeling a little lost... Thanks! +hi + +i'm a 28 year old dentist, working for 1,5 years in austria and have a salary of 80k€ before taxes and around 50k€ after taxes (taxes here in austria are insane). i have 50k€ in the bank and bought 500grams of gold arround 3 months ago for 17,4k€. now i'm thinking that this wasn't the best idea and i'm thinking of selling the gold for 17,6k€ and than invest the approx. 68k€ i would have in something else. + +but in what? + +of the 50k€ i make after taxes i can save approx. 25k€ a year. so i would have 25k€ more to invest every year for the next 2-3 years. do you have any suggestions? + +thank you all in advance + +edit: changed the numbers to € + +Hi, + +By reading various sources, I understood that index funds are the safest bet for someone with no prior experience in investing. + +I just want to check if I understood the concepts right. My experience so far is buying just some equity funds. + +&#x200B; + +>Equity funds are managed by someone and they select a group of companies (usually in the same sector like healthcare, tech, telcom etc.). When you buy a piece of equity fund you own a piece of all the companies that are part of that fund in the respective ratios. + +&#x200B; + +>Index funds follow an index. For ex, SIX30 is an index that is made of "the 30 most traded shares on the Stockholm Stock Exchange". When I buy SIX30, I get a chunk of those 30 shares in respective ratios. + +So, the (only) difference between index and equity funds are that index include companies from index following whereas equity is more customised? Did I understand them right? + +&#x200B; + +Also, what exactly is an index? +Hi all! I have been reading about ETFs lately and I made a list of some good ETFs which I would like to invest in for long term (30 years). Well not all of them for 30 years but at least some of them. + +&#x200B; + +Here is the list of ETFs I am looking at: + +1. Vanguard Health Care ETF (VHT) + +2. Vanguard Information Technology ETF (VGT) + +3. Vanguard Consumer Staples ETF (VDC) + +4. Vanguard Utilities ETF (VPU) + +5. Vanguard Real Estate ETF (VNQ) + +6. Vanguard Total Stock Market ETF (VTI) + +7. The iShares Core MSCI EAFE ETF (IEFA) + +&#x200B; + +The problem is that I use Degiro as my broker and it does not let me invest in all ETFs. Is there a way to invest in them? OR alternatives available to them on Degiro? + +&#x200B; + +Would appreciate help from the community. + +&#x200B; + +Thanks in advance. +Hi guys, sorry if this is a small question but reading this sub I almost got all my doubts resolved about what I want to do with my money. + +For context I'm a spanish 20 years old, saving around 500€ per month and I already have enough money in my emergency found to cover all my expenses. My goal with this investment is to put my money to work, it will be long term investment I don't know what I will do with it but my plan is to buy and hold + +My question is, what do you think of this ETF? [iShares MSCI World ETF](https://www.ishares.com/us/products/239696/ishares-msci-world-etf). For me it looks good, is diversified, has amazing returns and is fee-free with degiro, that means if I buy one time per month (which I will) all my money goes towards the ETF. + +The only thing maybe is bad is the avg day volume, that can be low compared to other ETFs, is this an important thing to take into account? + +EDIT: Based on your suggestions I'm going to invest in IWDA, thanks to everyone :) +Around a year ago I had to unfortunately leave the UK for good. I used to have a decent pension contribution from my former employer and I was able to accumulate around 13k worth in a SW pension scheme. + +Now that I have left the UK (I am European though, if that is useful and still have a UK bank account) what are my options with such pension scheme? + +\- How can I efficiently use that money? + +\- Can I transfer it to a different fund? Even a different provider? + +\- Can I withdraw the money from it after X years? What are the average taxes I will need to pay for it? + +And most importantly, what would you all recommend me to do with it? +Theres no real danger in the near future for the national economy to crash but 1% still seems low to me. Is it worth to put money there or should i invest them in national bonds instead? +Sveiki! (EN: Hi!) + +I'm 29, and only now my life conditions and probably worries for personal future came to point when I am making serious attempts at understanding how money works and how to make best of it. + +I know that for the most of Europe, these numbers will be crazy small. I have wife and a kid, flat, car and garage - these are my regular expenses. + +My income is around 1300 eur and every month I manage to save 50%. I use YNAB for budgeting, and as it asks to "every *euro* should have a job", all my savings are for certain purposes (birthday gifts, yearly bills, vacation, house and new car/or current car repairs). So these savings are just sitting in one bank account, not doing anything. + +I can't find any useful information about investing in Latvia. Every Latvian site looks like scam. + +But I would feel quiet comfortable to invest half of my savings monthly, that would be 300eur. Or with these sums my plans to get some long term "passive income" is doomed? + +My main "big" future spending is probably bigger flat or a house (at least 150k needed) and with my saving rate it will take 46 years to get to that number (actually probably in 10 years I will have to get bank loan for that and pay it for 30 years). + +As I write this, it looks like my future is not bright at all... +Xtrackers is one of the largest providers of exchange-traded funds in Europe, from DWS. Their ETFs are usually issued with lower cost than their counterparts from iShares or SPDR. The question is: + +&#x200B; + +**1) Why Xtrackers ETFs have lower cost?** + +**2) Is there an advantage for European investors to go for Xtrackers instead of the American providers?** + +&#x200B; + +Here are some examples: + +&#x200B; + +iShares NASDAQ 100 UCITS ETF (IE00B53SZB19) TER is **0.33%** + +Xtrackers NASDAQ 100 UCITS ETF (IE00BMFKG444) TER is **0.20%** + +&#x200B; + +SPDR MSCI World Energy ETF (IE00BYTRR863) TER **0.30%** + +Xtrackers MSCI World Energy UCITS ETF (IE00BM67HM91) TER **0.26%** + +&#x200B; + +Thanks guys +Hi all! + +I'm a 29yo french, working for 3 years in Finland. Before that I worked as a freelancer, so I have contributed to french economy but very little. On the other hand I was an employee with good salary in the Finnish state. + +Now I'm moving on to new adventures, maybe London or back in the homeland. I'm single and don't plan on settling any time soon - and after some reflection I decided to not invest in a house since I move too often for jobs. I am debt-free and have 10K saved so far though. + +My question is : with my retirement contribution being scattered between countries, how can I make the best out of my saved money? Anyone knows an independent, or international retirement fund ? Should I just leave it there in bank, or invest in some stocks? +Thanks! +Hello wonderful Redditors, + +I will be starting my PhD in Belgium soon, and seriously need some advice on investing. With 7k euros saving and a 2k1 scholarship per month (that's how they hire cheap labour), what are my options? Given: + +\- I'm 27 atm, non-European citizenship. + +\- My spending limit per month is 500 euros. I live cheaply, no wonder. + +\- My budget for investment ranges from 1k to 1k3, depending on the next bullet point. I hope to get a job after my PhD, which means to invest for a total period of 20-25 years. + +\- I plan to have a medical procedure in the time scale of 3 years which might cost somewhere between 20k and 30k. I don't know if it's better to save this amount in cash or to withdraw it from my portfolio later. + +\- My level of experience in investing is newbie. I learned some basics (types of assets, diversification, taxation, risk, gain) but just general knowledge. + +\- I don't want to be really risky, though aim for an interest rate of 10%. Is this too high of an expectation? + +From other posts in this sub, Degiro seems to be a good option for Belgian residents. I also read somewhere that capital gain has zero tax, can someone please confirm this because it's too good to be true. + +Thanks everyone for reading my post. English is not my first language, so hopefully nothing irritates your eyes lmao. +Considering the housing issue we see in most large European cities, is investing in REIT a good idea for portfolio diversification (i.e. away from VWCE/ IWDA ETFs)? + +If yes, how would be the best approach for selecting one? Just analyzing individually the performance of each trust as one would do with an ETF? +Hi everyone. +Could someone explain to me how to purchase SP500 index properly using Flatex? The one that everyone buys is IE00B3ZW0K18? Am I right that this one is accumulated so my dividends will be reinvested automatically or I have to set up something manually? In addition, I’ve read that it would be better to buy unhedged since the risks are low and no need to pay for hedging. In this regard, IE00B3ZW0K18 is hedged right? So in Europe we can only buy hedged? Apart from that, could you please explain to me how to calculate and which chart to follow? Let’s say I invested 10000$ in 2019. In this perspective, how much dividends would be accumulated? Looking to this line graph https://www.ishares.com/uk/individual/en/products/251903/ishares-sp-500-eur-hedged-ucits-etf#chartDialog +Sp500 paid 22% in the year 2019?? So if I invested 10000, therefore accumulated amount would be 2200-27.5%=1595) and total reinvested amount 11595? +Hi. Could someone walk me through the differences between ETFs and index certificates? + +Google links focused a lot on the fund segregation and how you could loose everything much easier with certificates but that doesn't really make sense to me - for ETFs as well you can loose the money if the issuer goes bust, right? + +I'm also interested if there are significant differences wrt the commisions and taxes associated with each category and of course, I'm looking forward to personal experiences. +Hi! I am a German resident and I have 50k euros I am currently keeping in a very low yield account where I earn 0.5% yearly interests. I am not investing this money because I plan on buying an apartment in the next 2/3 years and I would be using it as a down payment. Currently it doesn’t look realistic that I will find a better or at least decent savings account in my country. Therefore I started to think about investing this extra money on something with low risk. Given my situation, would it make sense to put that extra money in a minimum volatility ETF such as [iShares Edge MSCI World Minimum Volatility UCITS ETF USD](https://www.justetf.com/it/etf-profile.html?isin=IE00B8FHGS14#overview)? I understand that the ETF I linked has some non null level of risk and I am keen on taking it. + +Fir the records: I am under 30 and I have a portfolio of about 50k invested in higher risk assets. As part of that, I invest 1000 euros monthly in VWCE which makes about 70% of my more risk oriented portfolio. +Robert Shiller, who won the Nobel Prize in economics in 2013, told Investor's +Business Daily he expects just 4.4% average annual returns in U.S. stocks +over the next 30 years. That's a disappointing return expectation — less +than half the market's long-term return and well short of what pensions +are calling for. The S&P 500's long-term return is 9.84%, says Index +Fund Advisors. + + + [https://www.investors.com/etfs-and-funds/sectors/stock-market-crash-robert-shiller-i-see-bubbles-everywhere/?src=A00220&yptr=yahoo#](https://www.investors.com/etfs-and-funds/sectors/stock-market-crash-robert-shiller-i-see-bubbles-everywhere/?src=A00220&yptr=yahoo#) +https://finance.yahoo.com/news/amazon-air-fedex-ups-181853630.html + +Now could be the best time for Amazon (AMZN) to dramatically increase the size of its air fleet. That’s according to Bank of America analyst Justin Post, who sees the depressed price of aircraft, coupled with the massive increase in demand for delivery services spurred by the coronavirus pandemic, as a golden opportunity for the ecommerce giant to pump cash into its Amazon Air division. + +And while that would help Amazon increase its one-day shipping capabilities, it could also give it the firepower it needs to solidify its nascent third-party delivery business as a true competitor to the likes of FedEx (FDX) and UPS (UPS). +Every now and then, there is a refreshing post to ease the pressure on FIRE-ing too early for better mental health. This will be that post. + +As many of you are likely familiar with the feeling, I was desperate to attain FI because of a shitty job that kickstarted me on this journey. I am normally a very upbeat dude but my job stressed me out a lot. I searched for ways to make more money so I could retire early and found this sub when I was 26. That was 6 years ago. + +The added pressure to attain FI in a VHCOL market also added to the stress and I couldn't bring myself to splurge on things because of the thought that it would delay my ability to reach FI. This affected my relationships as well. + +I'm 32 now and have adjusted my goals a bit. Before, I had no target FI age. It was just about reaching my target FI number of $2M ASAP. I realized this was a horrible way to go about it and will cause undue pressure and stress if you do this. + +Today, I've projected how long it will take me to attain FI by maxing out my 401k and Roth IRA alone at a modest 6% rate of return. I'll hit it around age 50 or so. Once I realized this and that I only had about 18 years of work left, that really felt good. I also married recently and convinced my wife to also max out her 401k and IRA. I believe we could technically retire even a few years earlier now but time will tell how the market goes. + +Anywho, once I realized that, I made some splurges this past year and I've been the happiest yet. + +I've gotten myself some workout equipment (bench, dumbbells, elliptical), and new 77" OLED tv, new stove, new king mattress, new kitchen table. I feel my life is in better health and I am happy to now have a presentable home to host family and friends. I probably spent $15K on "material" things this year. But in the grand scheme of things, this will only delay my retirement by what... A year at most? Sure, some things will need to be replaced again in the future, but I'll have likely have 10 years of happier living in exchange for 1 extra year of work. + +Point is, give your chance to live in the now too if you're feeling too much pressure to reach FI. + +Of course, this assumes you are already well on your way to FI. I am not recommending you to splurge if you haven't figured out your FI number and already put a plan into place to reach that. I'll also add that I started maxing my Roth IRA at 19 and contributed the minimum to get my company 401k match since 22. I started maxing out the 401k once I found this sub at 26. So get yourself to a good spot first, then don't forget to enjoy your life. +Any tips how to master it? How to stop blowing accounts? How to take only 1 to 3 trades a day? Stop fomo? Accept losses and dont get then too huge.. +Just blowed 2 months worth of profit in 1 session..taking few weeks of trading to get back better, any advice will be appreciated +Definitely not one of my greatest months and mentally it took a toll on me. You start to think you don’t have what it takes. I got to a good amount with the meme stock plays and some signals here and there and then I started to veer off into a FOMO spree and no real plan. Just hope… + +I’m sure everyone in this group knows this but I guess I need to make it clear to myself and get it though my head: risk management and trading with a plan always prevails! Even if you follow signals, have a plan of your stop and your profit goal. Always know why you enter a trade and how much you are willing to risk. + +I will bounce back from this get to my goal balance by the end of the year. But man, does it suck to lose money. If anyone has some bounce back stories that can help amateur traders like myself, feel free to share. + +Stay safe out there, traders. +["The Week on Chain - 19" from Glassnode.](https://insights.glassnode.com/the-week-on-chain-week-19-2021/) + +I've been pushing for more DD to be done to try and understand this bull market, and potential for it ending or continuing on. I'm very bullish in this regard, and I wanted to share some data points I've found that are most alarming. The full write-up by Glassnode is in the link at the top of this post. + +1) Miners are accumulating! This is one of the most bullish signs you can look for, considering miners are some of the most heavily invested in the space. On top of that, it is a hindsight indicator, as I call it, meaning it uses 14 day moving averages, and only really shows a trend over 3 or 4 difficulty epochs. + +&#x200B; + +[Miner's Accumulating - Credit to Glassnode](https://preview.redd.it/fb4qtp5w1az61.png?width=2400&format=png&auto=webp&s=754b44b519f211f86461f625b2a5c50e45a37e21) + +2) Supply on OTC desks is continuing to dwindle, pointing to two possibilities, or a combination of both. Miners liquidate much of their holdings via OTC desks, so a supply shortage there confirms our previous data point, however it could point to an increase in institutional FOMO. One thing I found most interesting is that OTC desks hit a local low of only 6,000 Bitcoin! That is dangerously close to forcing institutional money onto exchange markets, which would be a pretty intense supply squeeze. + +&#x200B; + +[OTC desk supply over 4 years - Credit to Glassnode](https://preview.redd.it/lu0fllin2az61.png?width=2400&format=png&auto=webp&s=d6fc4320eca7fdde5efbd7990c18d65326e0c28e) + +3) Coinbase and Binance balances are flipping, showing two trends, potentially. One being massive institutional demand/HODLing from US based customers, as Coinbase balances slide over the past 6 months. The other being a rapidly developing market in the global space for Cryptocurrency, as balances on Binance actually hold steady, and show an increasing trend, over the same time period. + +&#x200B; + +[Exchange Balances Over Time, Credit to Glassnode.](https://preview.redd.it/s5rdz7am3az61.png?width=2400&format=png&auto=webp&s=0c367ebe23e2bff81e0d2f885e335c06be85690b) + +I do implore anyone even remotely interested in the Bitcoin and Ethereum market to tune in further to Glassnode's insights. Of course the company has a bullish bias, considering they are a company built around the space, however I find that the writing is professional and they maintain skepticism and point out common flaws in logical reasoning, like correlation =/= causation. + +And don't forget to HODL. Cheers! +This is a follow-up to a post from 3 months ago [here](https://www.reddit.com/r/personalfinance/comments/50qq3m/coworker_left_and_i_am_picking_up_his_slack_fair/) and a response to a post I just read this morning. This just wrapped up for me yesterday, so I thought it worth sharing. + +&nbsp; + +Essentially, a coworker left in May and I stepped in to pick up the slack. I put in many 12-15 hour days, weekends, to teach myself the three different instruments that he was responsible for running (and he was the only one that knew how). I figured it all out, kept our company's pipeline running smoothly, and got a handle on the two jobs within a month or two. + +&nbsp; + +But it started to wear me down and it became clear that I was being paid significantly below my market value when they informed me that they had decided not to hire to replace the employee that left. At that point I found a job posting that fit my new skill set perfectly at a much larger company that I knew could pay more. So, I applied and got an interview. + +&nbsp; + +Then, nothing for 3 months. So I kept doing my two jobs waiting and hoping for things to change around review time. I had conversations with my manager about feeling under compensated, and he agreed but they wouldn't be resolved until annual review time. + +&nbsp; + +The interview did eventually turn into an offer. The offer represented a 42% raise, a double promotion, and a signing bonus of 20% of my current base salary to recoup the bonus I would lose from my current position. It was such a strong offer that I had no choice but to seriously consider it. + +&nbsp; + +Now you may think I'm crazy for not jumping at the offer immediately, but hear me out: my current company is very small (20-30 employees) and is providing me with a professional opportunity that I flat out will not find anywhere else; no company would allow me to do all of the things I am doing here simultaneously. My commute is also short (5 miles or so). I'm in on the ground floor, so it's a high risk/high reward type situation. But I've been able to carve out a niche for myself that would be highly improbable elsewhere (and not possible at the larger company). + +&nbsp; + +The new company is massive, and I would immediately be a cog in the machine. The commute would be an hour+ each way (before moving) and cost me around $3k per year. I also don't have any professional relationships at the new company - it would be starting fresh, and one thing I've learned over the last 6 years is that having a good communicative relationship with management can be invaluable for my mental health. + +&nbsp; + +But it was a strong enough offer that I decided I was comfortable accepting it and dealing with the downsides for such a significant salary adjustment. Which is when I decided to present it to my management. **Note: BE 100% READY to accept the new offer BEFORE you present it to management!** + +&nbsp; + +There were two separate conversations that took place. The first was with my direct manager **(do everything you can to not go over your direct manager's head - give the professional courtesy to bring them in first so they're not caught off guard).** It was a completely rational conversation where he talked me through the pros and cons of each side, made it clear that he wanted me to stay, but he could not make me a counter offer (that decision is above his pay grade). He then asked what I wanted him to do, and he recommended he talk to his boss for me first. + +&nbsp; + +The next conversation was with the big boss, and was also completely calm and professional. He made it clear that he wanted me to stay, and we had a blunt discussion about what I liked and didn't like about my current position. I discussed with him changes I would like to see **(NOT related to compensation)** that would help me feel better, like some level of cross-training so the entire pipeline doesn't stop if I want to take a vacation or get sick. Only after we had that conversation did we get into compensation. + +&nbsp; + +**Be prepared** to answer the question "how much will it take for you to stay?" In this case it was clear to me that my relationship with management was strong, my current position was great for my professional development as well as being highly visible and highly rewarding. On the other hand, I was clearly under-compensated for the amount of work I was doing and that had to be adjusted. I laid out a number of different scenarios in a spreadsheet before this meeting to know exactly what number it would take to be competitive with the new offer, which it turns out was around 25%. + +&nbsp; + +So, I answered with 30-35% (in hindsight this was a mistake, I should have given one number - I hear 35% but the other side of the table probably hears 30%). I was countered with 25%, a promotion, and a 20% bonus. It was right what I wanted, so I took some time to think about it and let them know by the end of the day that I would be staying on board. We then had a very productive conversation about where I see the position leading, changes I would like to see, and I tried to warn him that the promotion would ruffle the feathers of other coworkers. + +&nbsp; + +So I guess the **TL;DR takeaways** for using a new offer to get a raise are: + +&nbsp; + +* Bust your ass to make yourself a crucial part of your team; you need professional leverage that will make it difficult for them to let you walk out the door. +* Find the right position and **genuinely be ready to take it** +* Be professional in your conversations. Good managers shouldn't become combative, they should understand that this is a part of business. **Do not burn bridges if you can avoid it** +* Frame your conversations first about what you **like** about your current position, then about what you **don't like**, THEN about compensation. And really, if you can't think of any likes you should just take the other offer. +* Finally, if you do accept a counter offer, be ready to bust your ass to earn it - you're going to have a target on your back for a while and management will look to get their pound of flesh from you. + +&nbsp; + +But again, most importantly, **BE READY TO TAKE THE NEW POSITION** and **don't burn bridges.** There is a very real chance they will be unwilling or unable to even counter your offer. Staying without a counter (in my view) could be too damaging to your professional reputation. +Edit: replacement for Commsec not SelfWealth. I’ve got no need for it now that T+2 is partly gone from Commsec. I’m considering either Stake or SelfWealth + Hi hope this is the best place to post an Aus-specific personal finance question. My (34F) partner (36M) received a substantial 700Kish inheritance roughly 3 years ago after his father died suddenly. The money has been earning interest in either ING or UBank savings account, but haven't invested anything so far. He has used small amounts to purchase a car, and small amounts here and there - but mainly we treat it as if it were not there and live within our means based on our modest income. We recently had a baby, and I had a year off on maternity leave and returned to work part-time making around 41K before tax. My partner is on about 60K before tax - but this is working 55 hours a week and counting on overtime to earn this. We will probably have another kid and I'll remain part-time for the next few years. I have potential to be earning between $75-85K if I was to return full time. At the moment we have pretty modest incomes besides the inheritance and interest he receives monthly from that. + + We live in Adelaide so are looking at being lucky enough to afford to buy a decent house due to somewhat-affordable house prices here. We are currently renting (comfortably paying $395 rent per week) but are at the stage of life where we'd really like to buy a house. We are looking at houses between $550K - 750K. We intend to be living there for at least 5 years but not forever. + +My question is for anyone's opinion on whether we should opt to invest as much of the inheritance into the family home as possible - to reduce mortgage payments or potentially buy something in the lower end of our budget outright. This would make it easier to comfortably enjoy lower incomes for the next few years while we have pre-school aged children at home and then invest / save disposable income for other goals without pressure of rent / mortgage payments. The other option is to take on a modest mortgage (roughly between $150K - 300K) and have roughly the same amount sitting in an offset account, offsetting interest on the mortgage and at our disposal for investing in other assets. It would almost entirely offset the interest we'd be paying on the mortgage (reducing the interest portion to between $20K-40K). We have done the calculations and a mortgage of this amount is still affordable for us even if interest rates were to rise, and would likely still be less than our current rent. I am seeking out an independent financial planner in Adelaide - but there are surprisingly very few and we don't want to rely on advice from a mortgage broker only who has an incentive to get the biggest mortgage possible out of you. + +TLDR: buy cheap house outright or get mortgage and offset some of 600K inheritance? +I gifted $20 of Bitcoin to Janet Yellen via [Biterica](https://Biterica.com). Her gracious response and more background below. + +&#x200B; + +You’re welcome, Janet. Thanks for keeping an open mind! + +[Response from Janet Yellen](https://i.redd.it/fbn3b12pwdv11.png) + +&#x200B; + +[Original Gift](https://i.redd.it/7n0zxdhgxdv11.png) + +&#x200B; + +Transaction: [https://www.blockchain.com/btc/address/1Jecifwq28Mh9L6thrREiVVwLuKva2qWFp](https://www.blockchain.com/btc/address/1Jecifwq28Mh9L6thrREiVVwLuKva2qWFp) + +&#x200B; + +&#x200B; +[Screenshot of chat with representative of eToro](https://imgur.com/qpLrFiW) + +As a europoor, when this all started eToro seemed to me the easiest and fastest option (then diagnosed acute FOMO). Am in the process rn of "transferring" (selling on eToro, buying on Interactive Brokers) to DRS my shit. If you haven't begun, you really should! See how in the links below: + + +I can not recommend u/warfielf 's posts enough! + +https://www.reddit.com/r/Superstonk/comments/thunxg/get_out_of_etoro_etoro_transferwise_paypal_ibkr/ + +https://www.reddit.com/r/Superstonk/comments/ssgrps/how_to_buy_and_drs_from_etoro_to_ibkr_in_less/ + +All the best to you Apes! +Coinbase CEO, here. +I agree with the sentiment behind posts like this: +http://www.reddit.com/r/Bitcoin/comments/2wnspl/psa_youre_using_coinbase_circle_etc_wrong/ + +But it always pains me a bit since we *do* support storing your own private keys: +https://www.coinbase.com/multisig + +It's a fair criticism that our standard wallet doesn't support that. I shared my thoughts on this in our blog post when the multisig vault came out (scroll to where it says "How does this pair with the Coinbase Wallet?"): +http://blog.coinbase.com/post/101266587127/introducing-multisig-vault-you-can-now-control + +Basically you should treat your Coinbase wallet like a real life wallet, store a couple hundred bucks in there because it makes spending more convenient, but your life savings can go somewhere you have more control (our multisig vault or any other option). + +So why also have a Coinbase wallet (where we controls the keys) at all? The answer is that it makes spending bitcoin day-to-day easier, just like the cash in your wallet, for example: + +* you can pay for things with 2 clicks on web or mobile (without typing a password) +* you can do subscription or recurring payments in bitcoin like rent or NetFlix that auto-pay each month +* you can do the equivalent of "keeping a card a file" in bitcoin, for services like LaundryLocker (or Uber hopefully eventually) where it charges your account in the background as you use a service, i personally find this more convenient than approving every transaction (unlike a credit card, we give you the ability to limit the max amount the company can charge per time period, and revoke the company's access at any time) +* you can do off-blockchain micro-transactions for free which is great for tipping or other small transactions + +So for me I find it convenient to have the best of both worlds. + +It's also worth noting that although we offer a multisig vault where you control the keys, and a regular vault, the regular vault is more popular. Most people still prefer the convenience of not having to store their own backup keys, and trust us to handle the security better than they can themselves. The multisig vault is used by high net-worth individuals and institutions (hedge funds, etc) storing large amounts, and tech savvy folks who like more control. + +-Brian Armstrong +**Natural Shrimp, Inc. (SHMP)** is disrupting the billion-dollar seafood industry with its patented electrocoagulation technology that allows them to grow fresh shrimp in any major city, disease, and virus free without any antibiotics. After almost two decades of R&D, SHMP is moving into the production (revenue-generating) and commercialization phase of their operation and will be “very profitable” in 2021 (see numbers below in the “Fun Facts” section). + +**TLDR:** **Natural Shrimp** has applied to be **uplisted to the Nasdaq** and this is likely the last time you’ll see the stock price this low based on their recent announcements at the H.C. Wainwright Annual Global Investment Conference (recording here - [https://wsw.com/webcast/hcw7/shmp/1618264](https://wsw.com/webcast/hcw7/shmp/1618264)). + +&#x200B; + +**Disclaimer:** Currently hold and have been long on **SHMP** for 3+ years (in at 2 cents, currently trading at 12 cents). This is the only OTC stock I own in my portfolio. + +This DD is based on my own research over the 3+ years I’ve been following the company, as well as the research of others. Many insights I’m sharing were sourced directly from research in *The Emergent REAL Green Aqua Technology: A TRAGIC NECESSITY* *-* [*The Eddie Yolk Zone*](https://www.facebook.com/healthyselfnow777/?eid=ARDe4SZgioRfdUtiDYgm97z7xTBbmgFxaWlmIANPwayQxizgZbWThxmrJjBTCGHtgi4Z2HWAap3jVW71) + +*-------------* + +NaturalShrimp, Inc. **(OTCQB: SHMP)** is a publicly-traded agro-tech company headquartered in Dallas that has developed the first commercially viable system for growing shrimp and other seafood indoors with their patented proprietary technology. NS produces fresh (never frozen), gourmet/sushi-grade shrimp without the use of antibiotics, probiotics, or toxic chemicals. + +**Company and Technology Summary:** + +NaturalShrimp set out with one explicit goal in mind; to raise shrimp WITHOUT the use of ANY chemicals, antibiotics in a clean, sanitary, completely organic aqua-farming environment comprised of indoor recirculating sea-water tanks where their location is dependent upon consumer locale rather than any dependency upon coastal regions or even the ocean itself. + +Through the use of their patented “electro-coagulation” (EC) technology, an electrical current is generated in the water and the susceptibility of bacteria and viruses to this electro-disinfectant mechanism results in approximately 99% of all pathogens to be eliminated; therefore, this physical nature and effect of electricity provide the means by which a clean, completely organic environment is maintained. Electrocoagulation is not a new concept, however, to address both essential and critical factors responsible for the demise of most aqua-farming crops; bacterial, viral infection and or the increase in ammonia levels as a result of the waste build-up from shrimp crops; the latter is the arch-nemesis and far more difficult to manage. + +However, the use of EC also confers the other essential benefit by liberating the chlorine molecules in the NACL or salt compound of the seawater that in turn combines with the nitrate compounds building up as a result of increasing shrimp waste levels; the newly formed solid aggregates (Chloramine, NH2CL) are formed that can be readily filtered from the seawater and therefore effectively controlling ammonia levels in the tank environment. + +**Where does our shrimp come from today?** + +Are there certain products you wouldn’t consider buying if they were from China, Vietnam, Indonesia, Thailand, or India? I know I wouldn’t buy my kid’s baby food or my medications from there and I’d certainly never buy seafood from these places. + +**So, why are we?!** + +An analysis was conducted covering a decade of records from the FDA related to imports, inspections and rejection data from 2006 to 2015. The analysis revealed only 6 % of the total seafood market is domestic whereas 94% comes from imports outside the US and only 2% of these imports are inspected and from this minuscule sampling; only 1 in 9 imports are rejected. + +📷 + +However, from these rare inspections, since 2001, the FDA has detected the use of banned veterinary antibiotic residues on the shrimp crops sampled with unacceptable levels of chloramphenicol and nitrofuran antibiotics imported from China, Vietnam, Indonesia, Thailand and India. These antibiotics remain banned and illegal due to the carcinogenic nature of nitrofurans and chloramphenicol use associated with the onset of aplastic anemia. Yet these same banned drug residues still find their way onto American dinner tables merely by overwhelming an already sporadic and ineffective inspection system mediated by the FDA. The danger of tainted shrimp crops is twofold; the bacteria organisms that survive the chronic overuse of antibiotics develop immunity to more and more of the antibiotics used and are elevated to the status of “Superbugs” and the drugs themselves, particularly pesticides can cause neurological, respiratory, organ system damage with prolonged exposure. In the article “[Shrimp containing antibiotic-resistant bacteria found in Canadian grocery stores](https://www.cbc.ca/news/canada/shrimp-antibiotics-resistance-amr-marketplace-1.5055101?fbclid=IwAR1KxQ4CUv8dFPaHFFM8OqY9fkR3NwcXT6FfhFrbwL7mG89VXAHa4yKbjjE)”; the “Marketplace” periodical cited “17 percent” of the sampled shrimp (9 of 51 shrimp sampled) and tested by the University of Saskatchewan revealed strains of E.coli and Staph Aureus that showed resistance to at least one antibiotic and all but one of the shrimp were resistant to multiple drugs “meaning they have the potential to cause hard-to-treat infections – so called superbugs that antibiotics may not be able to kill”. + +**Why Aquafarming?** + +The shift from wild-caught to farm-raised seafood where the production of the Aquafarming industry has grown dramatically from 50 million tons (in 1970) annually to over 150 million tons speaks to the necessity to provide environmental relief to land-based farming and the over-fishing of wild-caught species where nearly 90% of the world’s marine fish stocks are categorized as either fully fished to overexploited. + +While seafood comprises 17% of the animal protein consumed in the world, it is estimated 200 million jobs are either directly or indirectly connected to the fisheries sector making fish one of the most traded food commodities worldwide and therefore generates more income than most other food commodities combined. + +For some of the biggest seafood species and markets like North Atlantic salmon; over half of the salmon consumed annually comes from the Aqua-farming industry. The largest seafood industry continues to be shrimp, however, where worldwide, the consumption of shrimp amounts to nearly 5 billion pounds per year. The estimates for this year’s shrimp consumption are set for 1 billion pounds for the US alone. We will never be able to meet the world or even national seafood demand. + +**Why is NaturalShrimp different?** + +The NS solution chose to simulate the ideal natural environment of shrimp in their natural habitats where water quality is high and where bacterial and viral infections are not a critical deterrent to healthy cultivation because the entire cascade of out of control oxidation, waste build-up and poor water quality that leads to bacterial and viral infections is eliminated altogether and the focus then becomes how to MAINTAIN the optimal environment rather than a risk mitigation approach. + +This is an altogether DIFFERENT patented solution that did warrant the 18 years of research in order to arrive at a more quantitative, specific and effective technological breakthrough and solution that can in effect maintain optimum conditions within recirculating tank environments albeit a completely clean, organic and healthy methodology for the shrimp organisms and ultimately for us; the consumers. + +**Conclusion** + +To understand the essential differences between all of the most innovative models is to appreciate how actually groundbreaking this NS technology is and why such a patented solution that is currently being tested across MANY seafood species (barramundi, salmon, clams, crab, lobster) is poised to become a historical marker and industry disruptor for the seafood industry. + +Can you imagine sitting in the middle of the country, hours away from an airport with the ability to eat freshly harvested king crab legs?! That’s the future in which SHMP is leading the charge. If you believe in socially and environmentally responsible companies (BYND, TSLA, etc) that will disrupt the future with their technology and products, SHMP is a company you be watching. It is simply where the world is heading and the world millennials and future generations want to live in. Always fresh, never frozen, always natural - no antibiotics or chemicals introduced. + +Similar to Tesla, there are many applications outside of their core focus in seafood, such as use in both residential and commercial aquariums and pools (multi-billion dollar industries). This is a billion-dollar licensing of their technology opportunity and I can assure you the SHMP team has this on their radar. + +Now, after nearly 20 years of R&D, they’re on their final step to commercial production and massive revenue streams. They’ve stayed pretty quiet and have been flying under the radar until more recently from a publicity standpoint as they prepare to launch into their production phase and uplist to the Nasdaq. I’d encourage you to check out their recent filings and press releases in comparison to previous years (see link below). It is very obvious they’ve hired the appropriate resources to start marketing, selling, and propelling SHMP to the next level. + +Once more institutional investors gain access (most can’t hold OTC assets) and SHMP gains more exposure, the stock should rise steadily. That run should continue and start spiking as that revenue switch gets flipped on in 2021. Barring massive market instability, SHMP shareholders would see massive gains and I truly believe the next few weeks and by the end of November will be the last time you will see prices under .25. By 2022, this could easily be $5-10+ if not considerably more. + +This isn’t that far off from what Beyond Meat did to get started and is doing. Look at their massive market cap of almost $10B with a net revenue of only $297M in 2019 and $87M in 2018. SHMP could easily see that level of net revenue over the next few years, as their Iowa facility alone is forecasting $8-10M in net revenue. + +With their Texas facility up and running already, the major expansion plans (see diagram below), and massive opportunities to license their technology (it has been indicated there are several opportunities to do so), they’ll easily hit the $100M mark and see similar trends from a market cap standpoint to BYND. Thus, rewarding shareholders with an innovative, socially responsible technology and massive gains for early shareholders. + +**Fun Facts:** + +* (9/16/20) CFO presented at the HC Wainwright Investor Conference + * **Announced SHMP will be “very profitable” next year as they move into the production phase of their rollout.** + * 60-65% margins (this is HUGE) + * The cost to grow out shrimp are $6/pound + * The Webster City, Iowa location alone will be producing 15-20k pounds of shrimp per week (270k sq. ft., 240 - 10k gallon tanks, all equipment is new) + * Full production by late October/early November 2020 + * **Distributing the shrimp fresh, never frozen and always natural** + * 90% of the shrimp market is frozen + * As soon as wild shrimp are caught they are dipped in sodium triphosphate and then flash frozen. Sodium triphosphate is a preservative for seafood, meats, poultry, and animal feeds. In foods, STPP is used as an emulsifier and to retain moisture. Many governments regulate the quantities allowed in foods, as it can substantially increase the sale weight of seafood in particular. (per [Wikipedia](https://en.wikipedia.org/wiki/Sodium_triphosphate)) + * **With EC tech, SHMP can raise 4x the density of shrimp compared to biofloc systems in that same cubic yard (much more economical which allows them to be profitable)** + * Biofloc isn’t scalable (profitable) but does work, however, it is more suited for selling shrimp at a farmers market + * Current commercial biofloc systems are not profitable and will not be profitable without the use of the NS EC technology (many are already calling SHMP) + * **Anticipating 2-3 species to be raised in 2021, scaling to more species from there** + * Many discussions and requests to expand the use of this technology into China for crayfish + * Very successful in their phase 1 trial to cure amoebic gill disease in salmon. Responded within 3 minutes of being exposed to the technology + * **Shrimp larvae are bought from 1 of the 2 growers in the nation but there is work being done internally to build and produce their own shrimp larvae** + * In 2019, after being assured they were healthy, SHMP unknowingly bought and started growing larvae that were infected with the viral shrimp disease Infectious Hypodermal and Haematopoietic Necrosis Virus (IHHNV) which resulted in the Texas Parks and Wildlife Department quarantining the facility + * **Announced joint venture in California and Florida that are “both well on their way” - more to come (this could be the licensing of technology play many shareholders are hopeful for)** +* SHMP has an amazingly transparent and open team that readily accepts and acts on feedback, answers questions, and proactively updates shareholders on a regular basis (check out their Facebook group - [https://www.facebook.com/groups/1158050257692447/about](https://www.facebook.com/groups/1158050257692447/about)) +* Their business model allows them to grow fresh shrimp in warehouses in major cities, allowing for a farm to table strategy to provide the freshest, healthiest shrimp possible to restaurants and grocery stores + * **No deveining required** **- Their technology, process, and regional site business model allow them to stop feeding the shrimp 3 or so days before harvesting so that all waste is expelled from the shrimp at the time of harvest and therefore not requiring you to devein the shrimp** +* $SHMP applied to be uplisted to the Nasdaq on 8/19/20 (this process usually takes 4-6 weeks so their assumed approval should be announced very soon). - [https://finance.yahoo.com/news/naturalshrimp-submits-application-nasdaq-capital-113000886.html](https://finance.yahoo.com/news/naturalshrimp-submits-application-nasdaq-capital-113000886.html) + * **When this approval happens, they’ll have access to institutional investors with large wallets and the stock price should jump accordingly.** +* 3 institutional investors took positions in June (combined these institutions are managing 10’s of billions of dollars in assets) - [https://www.nasdaq.com/market-activity/stocks/shmp/institutional-holdings](https://www.nasdaq.com/market-activity/stocks/shmp/institutional-holdings) + * **CAPTRUST (has $364B in assets they manage) -** [**https://www.captrust.com/**](https://www.captrust.com/) + * **Cullinan Associates -** [**http://www.cullinan.com/**](http://www.cullinan.com/) + * **Formidable Asset Management -** [**https://www.formidableam.com/**](https://www.formidableam.com/) +* SHMP Head Chef, Douwe Iedema, showcasing the massive shrimp at the Texas Restaurant Association Tradeshow in 2019 + * **Skip to 4:24 to see the shrimp in the tank and waiting to be prepared** \- [https://www.youtube.com/watch?v=Q4BqFbN69KM&feature=youtu.be&fbclid=IwAR3kWDtGtCC-jzM1Ff0h8hgzKLCcBNk2miW3zmTCe\_76nMjNZQXD4\_5RSeY](https://www.youtube.com/watch?v=Q4BqFbN69KM&feature=youtu.be&fbclid=IwAR3kWDtGtCC-jzM1Ff0h8hgzKLCcBNk2miW3zmTCe_76nMjNZQXD4_5RSeY) + * [https://www.youtube.com/watch?v=-YJUhgD8YlA](https://www.youtube.com/watch?v=-YJUhgD8YlA) +* Expansion plans - [https://www.sec.gov/Archives/edgar/data/1465470/000165495420010146/shmp\_ex991.htm](https://www.sec.gov/Archives/edgar/data/1465470/000165495420010146/shmp_ex991.htm) + +**Links:** + +* Company History/Timeline - [https://naturalshrimp.com/about-our-company/](https://naturalshrimp.com/about-our-company/) +* FAQ - [https://naturalshrimp.com/faqs/](https://naturalshrimp.com/faqs/) +* September 2020, Commercialization Podcast with President and Founder, Gerald Easterling (10min) - [https://stockdaymedia.com/naturalshrimp-inc-discusses-upcoming-commercialization-strategy-with-the-stock-day-podcast-shmp-september-10-2020/](https://stockdaymedia.com/naturalshrimp-inc-discusses-upcoming-commercialization-strategy-with-the-stock-day-podcast-shmp-september-10-2020/) +* September 2020, Investor Presentation - [https://www.sec.gov/Archives/edgar/data/1465470/000165495420010146/shmp\_ex991.htm](https://www.sec.gov/Archives/edgar/data/1465470/000165495420010146/shmp_ex991.htm) +* September 2020 - H.C. Wainwright Investor Conference Recording with SHMP CFO, Bill Delgado - [https://wsw.com/webcast/hcw7/shmp/1618264](https://wsw.com/webcast/hcw7/shmp/1618264) +* The Emergent REAL Green Aqua Technology: A TRAGIC NECESSITY - The Eddie Yolk Zone - [https://www.facebook.com/healthyselfnow777/?eid=ARDe4SZgioRfdUtiDYgm97z7xTBbmgFxaWlmIANPwayQxizgZbWThxmrJjBTCGHtgi4Z2HWAap3jVW71](https://www.facebook.com/healthyselfnow777/?eid=ARDe4SZgioRfdUtiDYgm97z7xTBbmgFxaWlmIANPwayQxizgZbWThxmrJjBTCGHtgi4Z2HWAap3jVW71) + +&#x200B; + +**Legal disclaimer:** this is not investment advice and I’m not an investment advisor. +I've had a savings account with PNC for early three years with an average account balance above $10K. In those three years I've earned an APY of 0.13%. I just switched my savings to ally and in my first month I made more than $11 on my money. That's more than I made from PNC in the lifetime of my account there. + +If you're on the fence, make the switch, it's worth it. (I still have my checking through PNC to maintain the ability to do cash withdrawals.) +For all the apes dealing with choosing between healthy food and cheaper food. You are not alone. + +For all the apes who have become experts at finding things on sale and only buying on sale. You are not alone. + +To those who just got engaged, getting ready to get married or got married with the weight of the financial stress it brings. You are not alone. + +Everyone who has had surprise medical or dental needs that have set you back or just bummed you out. You are not alone. + +To all the ones who have college debt that makes it financially hard to move forward. You are not alone. + +For those who have chosen a work - life balance for a paycut just for your sanity at a pay cut check. You are not alone. + +For all those who have zero choice but to be literal wage slaves because it's the difference between a roof or a street. You are not alone. + +Everyone who cannot afford access to the things that make it easier to stay healthy physically and emotionally. You are not alone. + +To everyone who is a parent, supports their family or has pets and struggles with the added hours with no pay increase. You are not alone. + +For all that cannot afford to have pets, let alone kids or a house. You are not alone. + +And lastly. + +For every ape that buys and holds. Whom Zen is their state of being. And the army of DRS shares. + +You are not alone. +I have been waaaaaaaaaiiiiiiiiittttttting to earn enough karma points to post this thread, so I apologize as it's likely to be long. But here goes: + + +I worked at Amazon HQ when it was spread across the International District and downtown Seattle. From 2007-2010, I helped to build the marketplace that we now rely on. Specifically, it was my job to find and vet new vendors to join. I remember sitting in a product meeting where product managers were introducing us to this e-reader called Kindle. (I will never forget because the PM had uploaded either a copy of Kama Sutra or some other sex help book that a few of the young sales members found and began laughing about.) + +At our All-Hands, customer obsession was driven into us. Jeff B would take to the stage and tell us how important it was to leave every customer satisfied. We were just an emerging e-marketplace, evolving from a used bookseller. I wasn't there at the beginning, but I was there close enough that I want to share my perspective on GME. + +GameStop launching a NFT wallet gave me the same tingly feelings I had holding that first generation Kindle model. + +Back then, a lot of customers compared us to e-Bay, and we wanted to separate ourselves from them. I remember pouring through vendors, scanning products, and critiquing images so that each vendor conformed to our marketplace standards. I remember getting early morning emails (like 2am) from Jeff B who received an email from an angry vendor I had declined. I would have to re-review, explain my rationale, then make a plan on how to address the issue so no other vendor experienced that same dissatisfaction. (I burnt out after a few years as I couldn't keep up with the stressful environment, so I can't speak on Amazon currently.) + +I promise there are a lot of folks who don't know Amazon's humble beginnings. Especially this current generation who grew up with Amazon as the default shopping destination, with its two-day shipping as the standard delivery time (I remember 5-6 weeks for shipping and handling.) + +I genuinely feel that Gamestop is about to make a similar transition. From that as the used video game brick & mortar chain to a massive marketplace and tech company. I've tried to explain to my Boomer relatives what an NFT was, then I realized it was a recycled conversation from when I tried to explain to them what an e-reader was over a decade ago. + +I don't know the mechanics behind it, but I think RC's vision of the GameStop marketplace is based on Jeff B's. I remember when self-publishing e-books became a thing (kinda like how early NFT creators profited off the scarcity of products) and how independently produced works became accessible. I don't think we have yet seen the full potential of NFTs, but I am confident RC does, and that's why I invested in GME. + +I like to think MOASS will happen, but if it doesn't, I am still comfortable with my investment. +So my partner is on 40k full time but drops to about 25k 3 days per week. after pension and student loan thats a touch over 1.5k. + +childcare for those three days is about 1150 so she's actually only taking home £350ish per month. +we've talked about her not working but i'm quite nervous if the leaves her job she won't get a job anywhere near the same level in a few years (with the same flexibility). +just curious as to what other couples do? +I invested all my eBay profits for the last 10 years in GME stock. He would have said sell when it was up $20 a share. Won’t he be amazed to learn he married a very smart lady? Anyone else going to be surprising a spouse that has no idea what is happening? Holding GME +Thank all of you for the comments and the awards. I will place them in the mantle. +I want to share my trading journal with you guys. + +I've been working on several strategies over the last few years and I've backtested them to the point where I'm comfortable to put them on with leverage. + +I started as an S&P futures trader and have moved to using the same strategies that I use trading futures with options. + +To keep it simple: I sell 60 DTE options on SPY. + +I take the credits from selling strangles to SPY to buy LEAPS in the tech names that are highly volatile. + +I purchase long dated options 12 months out, usually 25-40% OTM to leverage a tech portfolio. I pick a strike that is most liquid in the options chain. + +The goal is generate cash flow from selling short dated options and using that cash flow to purchase long dated options that will profit massively from a large move upward on QQQ. + +I will then sell front month/weekly options on the LEAPS to generate more premium like covered call. + +I will then take that premium to purchase VIX calls to hedge my portfolio. + +I wasn't sure what this strategy is called because it's a mix of an iron condor, double diagonal or box spread. + +After more research on trading the spreads between IV & HV on the stock indexes, I found out that this strategy is called "Volatility Dispersion". + +You are shorting front month volatility and using the credits to purchase long dated volatility capturing the spread between the options. + +When you put these positions on with leverage and it's profitable - the returns can be exponential. + +The risk of this strategy is very high. + +I've set aside some capital to run this strategy and I accept the risk. + +I am not a financial advisor so please do not try this at home. + +https://www.youtube.com/watch?v=lIlMtVGI5Pg + +Here are my positions: +https://imgur.com/a/MT11rtZ +After spending some time on /r/bitcoin, it's obvious that a lot of the vocal people here won't be paying any tax on their bitcoin income. They don't want to be "slaves" to the tax system, mocking those who would actually suggest such a ridiculous thing. Now I'd like to believe that those are only the small fish, 14 year old kids who think they're outsmarting the government, but I'm afraid that's just part of them. + +I think there's two problems with not paying taxes on bitcoin. One, you'll make Bitcoin more suspicious than it already is. If a lot of people use bitcoin for tax evasion, then the government will put an extra big magnifying glass on anyone using bitcoin, even legally. You're basically ruining it for the rest of us, because we'll have to deal with tax audits and investigations. Not to mention that the merchants who accept bitcoin will be flagged as well for extra auditing. + +Two, and this is more on a per-person basis, you won't actually be able to do much with your bitcoins if you don't pay taxes on them. You're basically entering criminal, white-laundering domain here. + +Say you have $150.000 in BTC, you won't be able to buy a house or something of value with it, because as soon as you convert it to USD, the bank has to report this big transaction to the government, and they'll investigate where that money came from and if you paid taxes on it. If you trade the BTC with the house owner, then the government will still at one time wonder how you got that house. The government has checks in place to see if your lifestyle corresponds to your income, so if you suddenly drive a sportscar while you're making normal wage, it'll do an audit and check where that money comes from. And then, even if you say it's a gift, you still have to pay taxes on gifts of this magnitude. + +Basically, any non-taxed BTC you generate is on the same level as cash a drug dealer made, with all the same problems they have trying to use it. + +Now I don't care too much about any problems you generate for yourself , but I do care about ruining it for the rest of us. I can foresee that the government will propose a ban for merchants to accept BTC above a certain value, if this is where things are going, just like they do in a couple of countries with cash payments. + +I'm sure a lot of people will disagree, feel free to tell me, I'm open to all arguments on why I'm wrong. But if you could keep it civil, that'd be great :) +Haters two days ago: Why didn’t the company respond faster / more bulletproof? + +- Zero response from Hindenburg +- took his money and ran + +Haters today: Whatever... the company is still fake... + +My take: The only thing this has done is generate a high volume of low investment opinions... which is probably more good than bad. + +My Assumption: If the stock can gain some traction, the haters will jump back in. + +I took a $16k profit early on and now I’m sitting on 12k shares @ 3.15.... I’ve broken all of the rules and only blame myself for what happens. + +At least the rhetoric has been entertaining. + +Good luck everyone. +FYI - [https://tastyworks.freshdesk.com/support/solutions/articles/43000435186](https://tastyworks.freshdesk.com/support/solutions/articles/43000435186) + +We can now trade directly from the charts in grid mode! Right click, start limit order. +Both Tastytrade and OptionAlpha recommend that we exit winning trades at 50%. This improves profitability and number of winning trades + +How is this as an alternative? + +1. Wait for positions to have 50% winning +2. Hedge -- e.g. buy spreads -- the downside. These hedges are likely to be cheap anyway for the expiry since time has likely passed + 1. Use 20% or so of the remaining time value to buy the hedge +3. Close all positions once time value has expired + +What do you think? This could increase profits and reduce risk +**DISCLAIMER: This is for educational purposes only. The values shown are from the Tastyworks platform. Your broker may display different values.** + +The past couple of weeks I have been watching interviews, reading articles, and looking into different research studies. It seems the favorable strategy when it comes to selling options to collect credit is selling strangles. This is composed of selling a naked put below the current underlying value, and a naked call above. Think of it as an iron condor, but with no protection. + +In the interviews I watched, it appeared that the reason most people trade short strangles was because of Karen the "Super Trader" *(I know her firm is under investigation, that is not the reason of this post).* She generated millions and millions while having a high probability of success. She did this by selling strangles at around .05 to .10 delta on the indexes, as close to 56 days till expiration as possible. Just about every interview I watched, they would mention how their goal was to trade the indexes so they can replicate something similar. In order to trade the indexes, you need to have a sufficient amount of capital, but you also get a higher return. Right? + +Let's take a look at some examples: + +&#x200B; + +[SPX 2100P\/3250P June 19th Exp.](https://preview.redd.it/klwvi5qc88v41.png?width=703&format=png&auto=webp&s=02847fe9b54b0552cbb0aacc9bf96eb0868611ef) + +&#x200B; + +[RUT 850P\/1500C June 19th Exp.](https://preview.redd.it/nawm2el798v41.png?width=703&format=png&auto=webp&s=35f6e9fba92155070405a29d3a6bf84e311aa62c) + +As you can see, the volume/open interest is among the best which is why it is favored. You also get tax benefits, but I am not going to go into that. Notice the return on capital. Don't get me wrong, 1-4% ROC is still good and something to target, but risking over $42,000 to make $2,000 can be intimidating. This is something that should be left to those with enough capital to take said trades. This is also assuming you hold till expiration and they both expire out of the money. Realistically you would want to close around 50-25% or even less like 10-15%. When you do that, you are lowering your ROC even further. The plus side is that you generate more credit than other lesser priced stocks, so it is more reasonable to generate income and accumulate decent growth. However, for those with smaller accounts, like myself, this is not something that is realistic at the moment. (*Yes you could trade the ETF versions and they would generate about 10% of the values shown above, which is better for smaller accounts*). + +I have been trading short strangles for some time now, but this inspired to dive deeper into POP and ROC to see what smaller accounts can truly generate. Research has shown that selling strangles is often times best when IV is high so you can take advantage of IV crush and collect more credit. In todays market, there are plenty of stocks out there now to be taken advantage of, even for us with smaller accounts. + +I went on to the Tastyworks platform, used their High Options Volume watchlist, and sorted by IV Rank. I then went through all of the symbols that had an IV Rank above 48% and had decent volume/open interest. I inputted all of their data into the tables you will see below to give some insight on how smaller accounts can generate a higher ROC while using less capital and having similar, if not better, POP. I selected the corresponding call and put based on what was closest to the .10 delta that had the most Open Interest and decent volume. + +**Breakdown:** + +*Mid Price:* Average of the bid/ask for both contracts. Usually, you will have sacrifice a couple cents to get filled closer to the natural price. + +*Max Profit:* Mid Price - Commissions. + +*BPR:* Buying Power Reduction. The amount of capital required to take the trade. + +*POP:* Probability of Profit of closing out the trade for $0.01. + +*POP50:* Probability of Profit of closing out the trade for 50% of the max profit. + +*Delta:* Total delta of the trade. + +*Theta:* Total theta of the trade. + +*Target:* Target percentages to close the trade (Close the trade at 25% profit, 50% profit, etc.). + +*ROC:* Return on capital calculated by - (MaxProfit/BPR)\*Target\*100 + +**For a full collection of all the stocks that were researched, including those not shown in this post, click the following link:** [Google Drive](https://drive.google.com/drive/folders/1CJT1ZBCLR_2T-PhnL7bDHKrfotfEclVj?usp=sharing) + +&#x200B; + +https://preview.redd.it/o8jysqiwf8v41.png?width=687&format=png&auto=webp&s=38d1f17b25a89501730ad8654fe42692f52a0f5e + +https://preview.redd.it/gi6tlriwf8v41.png?width=686&format=png&auto=webp&s=07074b3a5f0eb2c534efe3d9c82990e72526e2e6 + +https://preview.redd.it/qdn9wniwf8v41.png?width=687&format=png&auto=webp&s=752cbba6009d94727f0211bd5434a9a5bd422d3f + +https://preview.redd.it/syfu0tiwf8v41.png?width=678&format=png&auto=webp&s=96a3ace3068df29a39fadfc0534840d2df353cf2 + +https://preview.redd.it/py1h8uiwf8v41.png?width=686&format=png&auto=webp&s=1c1081cc57bb21f02622a250b2bf914b673907cf + +https://preview.redd.it/dy625uiwf8v41.png?width=676&format=png&auto=webp&s=7498a44807e26ba6208fdfbb4e025459f09959bc + +https://preview.redd.it/2uij5wiwf8v41.png?width=673&format=png&auto=webp&s=1c087716299f27b965a4d06f12e9470a23431038 + +https://preview.redd.it/c136xxiwf8v41.png?width=677&format=png&auto=webp&s=88a9773442a1065351235d38980cf58e9a610c9c + +https://preview.redd.it/llezmwiwf8v41.png?width=676&format=png&auto=webp&s=11738217b2183afcbc5074cd04b8ec816112df84 + +https://preview.redd.it/vgaa7xiwf8v41.png?width=686&format=png&auto=webp&s=72d20a0122b04002933ccf1f48da279a4cecbffc + +https://preview.redd.it/q17xuyiwf8v41.png?width=688&format=png&auto=webp&s=a3ac64e66f61beb19bcd9ec1c45a4da888b79831 + +https://preview.redd.it/02efnriwf8v41.png?width=686&format=png&auto=webp&s=62bf701d199d0f89d638da285359ee0726c6d6b7 + +https://preview.redd.it/7bbjw1jwf8v41.png?width=676&format=png&auto=webp&s=7c7b5567a5ba407d8fd5aafa78cba79eb3665759 + +https://preview.redd.it/00p49tiwf8v41.png?width=672&format=png&auto=webp&s=fbfe539f78f0a0388c2a4b958236fe58e7e7604a + +https://preview.redd.it/f96ww4jwf8v41.png?width=676&format=png&auto=webp&s=efcade650fea4458507cd9243f00b13e8711751f + +https://preview.redd.it/tosocwiwf8v41.png?width=687&format=png&auto=webp&s=0f1143fa0e128a5b02af85fcfeed20d7115cb39d + +https://preview.redd.it/m4xg7xiwf8v41.png?width=687&format=png&auto=webp&s=96d91e762b4960f972c7cf0d8296711ffefe8021 + +Please feel free to leave any feedback/thoughts you may have. I am open to discussion and would love to hear what you have to say! Also, if this is something you find valuable, let me know as well. I could research once, or numerous, times a weak to see which stocks are offering a decent ROC and have good POP. That way you can have some ideas to research further on your own and trade accordingly. + +**These values are subject to change. They were calculated on Sunday April 26th while the market was closed. ETFs are less exposed to massive swings than individual stocks, so they may be a better alternative. Understand Max loss is UNLIMITED. Short strangles require proper management which includes knowing when to close/how and when to roll. Risk can be defined by buying further OTM options, just know it will affect all of the values shown. As a rule of thumb, any position should equate to 1-5% at most of your total capital. Trade Responsibly. I do not condone trading short strangles on smaller accounts, this is research for educational purposes only.** +**DISCLAIMER: This is for educational purposes only. The values shown are from the Tastyworks platform. Your broker may display different values.** + +The past couple of weeks I have been watching interviews, reading articles, and looking into different research studies. It seems the favorable strategy when it comes to selling options to collect credit is selling strangles. This is composed of selling a naked put below the current underlying value, and a naked call above. Think of it as an iron condor, but with no protection. + +In the interviews I watched, it appeared that the reason most people trade short strangles was because of Karen the "Super Trader" *(I know her firm is under investigation, that is not the reason of this post).* She generated millions and millions while having a high probability of success. She did this by selling strangles at around .05 to .10 delta on the indexes, as close to 56 days till expiration as possible. Just about every interview I watched, they would mention how their goal was to trade the indexes so they can replicate something similar. In order to trade the indexes, you need to have a sufficient amount of capital, but you also get a higher return. Right? + +Let's take a look at some examples: + +&#x200B; + +[SPX 2100P\/3250P June 19th Exp.](https://preview.redd.it/klwvi5qc88v41.png?width=703&format=png&auto=webp&s=02847fe9b54b0552cbb0aacc9bf96eb0868611ef) + +&#x200B; + +[RUT 850P\/1500C June 19th Exp.](https://preview.redd.it/nawm2el798v41.png?width=703&format=png&auto=webp&s=35f6e9fba92155070405a29d3a6bf84e311aa62c) + +As you can see, the volume/open interest is among the best which is why it is favored. You also get tax benefits, but I am not going to go into that. Notice the return on capital. Don't get me wrong, 1-4% ROC is still good and something to target, but risking over $42,000 to make $2,000 can be intimidating. This is something that should be left to those with enough capital to take said trades. This is also assuming you hold till expiration and they both expire out of the money. Realistically you would want to close around 50-25% or even less like 10-15%. When you do that, you are lowering your ROC even further. The plus side is that you generate more credit than other lesser priced stocks, so it is more reasonable to generate income and accumulate decent growth. However, for those with smaller accounts, like myself, this is not something that is realistic at the moment. (*Yes you could trade the ETF versions and they would generate about 10% of the values shown above, which is better for smaller accounts*). + +I have been trading short strangles for some time now, but this inspired to dive deeper into POP and ROC to see what smaller accounts can truly generate. Research has shown that selling strangles is often times best when IV is high so you can take advantage of IV crush and collect more credit. In todays market, there are plenty of stocks out there now to be taken advantage of, even for us with smaller accounts. + +I went on to the Tastyworks platform, used their High Options Volume watchlist, and sorted by IV Rank. I then went through all of the symbols that had an IV Rank above 48% and had decent volume/open interest. I inputted all of their data into the tables you will see below to give some insight on how smaller accounts can generate a higher ROC while using less capital and having similar, if not better, POP. I selected the corresponding call and put based on what was closest to the .10 delta that had the most Open Interest and decent volume. + +**Breakdown:** + +*Mid Price:* Average of the bid/ask for both contracts. Usually, you will have sacrifice a couple cents to get filled closer to the natural price. + +*Max Profit:* Mid Price - Commissions. + +*BPR:* Buying Power Reduction. The amount of capital required to take the trade. + +*POP:* Probability of Profit of closing out the trade for $0.01. + +*POP50:* Probability of Profit of closing out the trade for 50% of the max profit. + +*Delta:* Total delta of the trade. + +*Theta:* Total theta of the trade. + +*Target:* Target percentages to close the trade (Close the trade at 25% profit, 50% profit, etc.). + +*ROC:* Return on capital calculated by - (MaxProfit/BPR)\*Target\*100 + +**For a full collection of all the stocks that were researched, including those not shown in this post, click the following link:** [Google Drive](https://drive.google.com/drive/folders/1CJT1ZBCLR_2T-PhnL7bDHKrfotfEclVj?usp=sharing) + +&#x200B; + +https://preview.redd.it/o8jysqiwf8v41.png?width=687&format=png&auto=webp&s=38d1f17b25a89501730ad8654fe42692f52a0f5e + +https://preview.redd.it/gi6tlriwf8v41.png?width=686&format=png&auto=webp&s=07074b3a5f0eb2c534efe3d9c82990e72526e2e6 + +https://preview.redd.it/qdn9wniwf8v41.png?width=687&format=png&auto=webp&s=752cbba6009d94727f0211bd5434a9a5bd422d3f + +https://preview.redd.it/syfu0tiwf8v41.png?width=678&format=png&auto=webp&s=96a3ace3068df29a39fadfc0534840d2df353cf2 + +https://preview.redd.it/py1h8uiwf8v41.png?width=686&format=png&auto=webp&s=1c1081cc57bb21f02622a250b2bf914b673907cf + +https://preview.redd.it/dy625uiwf8v41.png?width=676&format=png&auto=webp&s=7498a44807e26ba6208fdfbb4e025459f09959bc + +https://preview.redd.it/2uij5wiwf8v41.png?width=673&format=png&auto=webp&s=1c087716299f27b965a4d06f12e9470a23431038 + +https://preview.redd.it/c136xxiwf8v41.png?width=677&format=png&auto=webp&s=88a9773442a1065351235d38980cf58e9a610c9c + +https://preview.redd.it/llezmwiwf8v41.png?width=676&format=png&auto=webp&s=11738217b2183afcbc5074cd04b8ec816112df84 + +https://preview.redd.it/vgaa7xiwf8v41.png?width=686&format=png&auto=webp&s=72d20a0122b04002933ccf1f48da279a4cecbffc + +https://preview.redd.it/q17xuyiwf8v41.png?width=688&format=png&auto=webp&s=a3ac64e66f61beb19bcd9ec1c45a4da888b79831 + +https://preview.redd.it/02efnriwf8v41.png?width=686&format=png&auto=webp&s=62bf701d199d0f89d638da285359ee0726c6d6b7 + +https://preview.redd.it/7bbjw1jwf8v41.png?width=676&format=png&auto=webp&s=7c7b5567a5ba407d8fd5aafa78cba79eb3665759 + +https://preview.redd.it/00p49tiwf8v41.png?width=672&format=png&auto=webp&s=fbfe539f78f0a0388c2a4b958236fe58e7e7604a + +https://preview.redd.it/f96ww4jwf8v41.png?width=676&format=png&auto=webp&s=efcade650fea4458507cd9243f00b13e8711751f + +https://preview.redd.it/tosocwiwf8v41.png?width=687&format=png&auto=webp&s=0f1143fa0e128a5b02af85fcfeed20d7115cb39d + +https://preview.redd.it/m4xg7xiwf8v41.png?width=687&format=png&auto=webp&s=96d91e762b4960f972c7cf0d8296711ffefe8021 + +Please feel free to leave any feedback/thoughts you may have. I am open to discussion and would love to hear what you have to say! Also, if this is something you find valuable, let me know as well. I could research once, or numerous, times a weak to see which stocks are offering a decent ROC and have good POP. That way you can have some ideas to research further on your own and trade accordingly. + +**These values are subject to change. They were calculated on Sunday April 26th while the market was closed. ETFs are less exposed to massive swings than individual stocks, so they may be a better alternative. Understand Max loss is UNLIMITED. Short strangles require proper management which includes knowing when to close/how and when to roll. Risk can be defined by buying further OTM options, just know it will affect all of the values shown. As a rule of thumb, any position should equate to 1-5% at most of your total capital. Trade Responsibly. I do not condone trading short strangles on smaller accounts, this is research for educational purposes only.** +Hi, + +As a guidance, aside of reasonements on the spx chart looking at particular area or support and resistance and implementing the news and the calendar (i.e. thursday CPI), I also try to get an idea of the price range with the usual formula + +Range=VIX/16 * square root (number of trading days, wich is 5 mon to friday). +That woul be roughly 1 standard deviation so 68% probability. +I have done some backtesting on weekly spx charts and some regression studies finding that using the first vix and spx reading of the week and using for a credit spread like IC or DD + + Range x 1,2 for the upper limit +Range x 1,4 for the lower limit + +You are right on 90% of time to catch the range. + + +Given that on short trades like weeklies volatility changes really on a dailiy basis and there are weeks like FOMC or CPI where this model could be less accurate. + +I was then thinking we can use daily IV from expirations of daily options. + +For nex week on spx (data from friday, may change monday) +11/07 IV 19.01 +11/08 IV 21.55 +11/09 IV 23.88 +11/10 IV 30.85 (CPI day) +11/11 IV 30.27 + +Seems data may suggest market quieter till thursday and then the usual big move up or down, although put/call ratio seems to favour puts + +Statistically would it make sense calculate single day ranges and multiply each by the following, using the product limit principle? + +So it would be till thursday for 4 days + +(19.01/16) x (21.55/16) x(23.88/16) * (30.85/16) + +Which come back 4.6% and that should be 68% so a standard deviation. + +Does it make matematically/statistically/financially any sense? +I know that you, guys, have a lot of experience with options. I recently opened a margin account on ibkr and have a couple of questions. I was hoping, you could help me with them. 🙃 + +1. I did some paper trading and was surprised to find out that i was assigned shares after option expiration. Is that something that could happen in live account as well? I thought that options can be only exercised until 5:30 pm ET of the expiration day. + +2. Since i am European, i can't trade US ETFs but i can buy/sell their options. Does it mean that my exercised/assigned shares would be liquidated? What if the market is closed? +I am considering doing a put credit spread on TSLA with the short put 20% OTM for 9/25 (I am working in an IRA and can't do CSPs). My positive feeling about this is that there will likely be a runup to battery day on the 22nd and I can snag 50% of max earnings by then. My negative feelings are: 1) it's TSLA and it is dangerous!, and 2) I am not fully convinced that the tech dump is over. + +Any encouraging or discouraging thoughts? Thanks! +SPY? I like QQQ but I fear a market downturn in the near future (I know, time in market beats etc etc). I would sleep better owning 100 shares of something not as volatile and that also generates decent covered call income. +Trading some but I'm being extra cautious and not trading my maximum funds. Got burned bad on previous Fed weeks so I figure caution is a good thing for a couple days. Likely the news won't be good when Powell gives his report. What is everyone else doing? +There are a ton of tools out there. Gazillions? + +But there are a few I actually pay for, even if I don't use them every day. I'll list what I'm paying for and why, and would love to know what you are paying for and why. No referral codes please. :) + +# Subscriptions + +These are services I pay a subscription on because of their value to me. + +**OptionStrat**$14.99/mo + +Why: I like being able to easily see POP and a long option price history. Secondarily, I use the tool so much to build trades that I feel compelled to subscribe to simply keep the tool alive. + +edit: I also use Analyze in TOS, but OptionStrat is really fast for building trades out vs TOS. + +**Barchart**$29.95/mo + +I have custom filters in the Stock and ETF screeners I use exclusively for bargain hunting. I don't use it for anything else really. But it's screeners are really good (to me). I could move this over to TOS, and I do have screeners there, but I just haven't gotten around to it. + +# Fee-driven Services + +These are fees I pay because of the value they provide me. + +**TDA** + +Not the cheapest, but the fees are reasonable. The margin interest rate is high, but I don't dip into a position on margin too often. TDA is def not a free broker though. + +**Coinbase**(Not options related.) + +Their fees for recurring purchases are REALLY HIGH.. around 2-4% depending. I have used Coinbase Pro in the past, but the automated/recurring buy feature in Coinbase is great and worth it. If I had to log into Coinbase Pro, Kraken, whatever, every week to buy, I'd forget half the time. (Would love input on another reputable crypto company that has a lower cost RECURRING purchase feature.) + +# Notable Mentions + +**Udemy & Kindle**Fee based - usually $20-$60 + +Most of what I've learned has been via books and Udemy. What I like about Udemy is that they "pre-organize" all the material for me via the course. I'm super busy. Wading through YouTube is low-cost, high-time whereas, comparatively, Udemy is high-cost, low-time. Whichever floats your boat, but I want things handed to me in an organized fashion so I can learn efficiently. + +**Finviz**Free tier + +Sometimes I think about paying for Finviz, but mostly because their ads are SO AGGRESIVE. But then I decide to NOT subscribe because their ads are SO AGGRESIVE. Holy smokes. Finviz is incredible but their marketing/platform team was clearly hired from MySpace. + +Why NOT: I don't use it enough to warrant a subscription. + +**M1**No fee. + +I have an automatic withdraw setup from my trading account to M1 every week. It goes to a taxable "buy-and-hold" account there and also funds my HF-based Roth there. Love M1 for buy-and-hold (where it is strong). Would never try to use it for trading, because it would be a trainwreck for that. + +Why not: They just don't charge fees. + +**Personal Capital**No fee. + +It's a nice, comprehensive net worth tool. Drives me crazy that it struggles to keep a lot of services updated, esp since it uses Plaid for the connections which is usually pretty good. + +Why not: They just don't charge fees. + +**MarketWatch**No fee. + +I have this on my phone. Love the market updates. Helps me stay aware of the situation. I find their Notifications to be pretty good and relevant. + +Why not: I get the sense that the fee-tiers are more geared for people that invest in stocks, looking for great deals. I do that somewhat, but the bulk of my holdings are things like VT. + +**TradingView**Free tier right now. I used to pay. + +I used this extensively before I forced myself to learn charting in TOS. TV is an incredible tool and the paid version allowed me to build out multiple "profiles" that's useful to map to different trading accounts I have. + +I still have a free account and use the app on my phone if I'm curious about something. Easier for charting on the phone than the TOS app. (Side note: I almost NEVER trade on my phone. Best way for me to avoid FOMO/impulse buys. I do sometimes buy something I want to hold.) + +Why not: I moved to TOS charting. + +**Greenlight Debit Card for Kids**$7.98/mo + +There is a free version that works just fine as a "debit card for kids" that I love. However, Greenlight+ Invest allows you to setup a trading account for your children. I put in $50/mo into the Invest module for my oldest and his gains are better than mine. He's a gamer and is up 33.13% this year. He's up 64% on NVDA, 44% on WK, 53% on AMD, etc. He's heavily concentrated in tech, which is high risk, but I'll let him learn that lesson on his own. (Or not -- depending on whether tech keeps doing tech.) + +Why: Having my oldest learn how to invest is worth $8/mo. +Just looking to compile a list in no particular order of what YT content people enjoy the most, is most educational, etc. Always looking to expand my learning, with good content. + +1) in the money - started here, but been gone for a bit +2) Rockwell trading - loads of good information - mark and Markus - wheel information +3) tech conversations - bite size, but not deep enough for me +5) tastytrade including mike and his whiteboard. + +Anyone else that’s put out good consistent content that I should check out? +At the end of July I dedicated about 30K in cash to start Wheeling (along with 100 shares of CGC that i had previously acquired at $18). Plays have included O, AXP, MRK, RTX, BA, AMD, MSFT, AMD, CGC, and SPCE. Its been a month and gains have been just shy of $1,600. Nets out to \~5% for the month or 60% annualized! Currently have 100 Shares of MSFT, AMD, and CGC assigned. + +Would love to hear everyone's feedback on the trades, my risk incurred, as well as what other fields you all track. I feel pretty lucky that most of these went my way and don't expect these to continue every month. I locked in gains when I had quick wins, rolled down on an AXP to avoid assignment, felt comfortable taking the assignment on MSFT and AMD. I started the CC portion of the wheel on those two today. Thoughts? + +&#x200B; + +Edit\* Updated with a few totals as requested + +&#x200B; + +https://preview.redd.it/9nvuobxftoh51.png?width=1423&format=png&auto=webp&s=c506a935d6f125d80792623fb9f624cabc905995 +There are EIGHT $GME Institutional Shareholders who have $GME Shares **and** either CALL or PUT Options, or have **both** CALL and PUT Options on GameStop Corp. (NYSE) Stock - $GME. + +**Top 28 Institutional Shareholders’ positions** **mostly as of 2022-Mar-31** are shown in 2 screenshots. + +https://preview.redd.it/84lj3om9m0491.png?width=1122&format=png&auto=webp&s=055447e0841f64d963f63c929fae07f75dc670ea + +&#x200B; + +&#x200B; + +https://preview.redd.it/sft8wejkm0491.png?width=1122&format=png&auto=webp&s=5828c71f69372d88c38789f0eff8c5ccd295a6c8 + +It will be interesting to see what the institutions have been doing during the second quarter of 2022. Institutions are obliged to disclose by mid-August, and Funds by end of August - their positions as of 2022-Jun-30. + +**I intend to make another similar post** after both Institutional shareholders and Funds have filed their positions – **by end of August, 2022**. + +Not financial advice as I am not a financial advisor. Do your own research and do what you think is best for you. +This is my first time trading during a US election week , I’m staying away from USD pairs, I’m currently in a short position in NZDCAD. Will this pair be affected by election volatility? +Hi. Hope everyone is having a productive day. + +Looking to trade both Forex and Stocks. No crypto, options, futures, etc. + +Choose one dedicated Forex platform and one for stocks. + +Would prefer a single well regarded platform that does both really well, but that seems to be an issue. + +(Bonus points for Tradingview integration.) + +Thanks for any insights you can share. +How about people in the earlier days were most people were not using technical analysis, but there were a small number of people who did and it worked? + +Jesse Livermore said that patterns would keep repeating itself, technical analysis used to be only used by a small number of people. + +I think strategies that works will work forever, except for curve fitting BS strategies that are found everywhere online. +Basically I've applied (and been successful) in gaining a role for a nearby Forex company as a Junior Broker (1st jobber). I'm a recent grad, who's followed markets and FX for a bit. I've done a bit of research, but it's hard to find what the role will definitely entail. It sounds like there is OTE (commission) to be earned on top of what is a decent salary in my opinion- I'm assuming I'll be doing a lot of selling. But can anyone give me any insight in to what to expect. And whether this is a good way of getting into the financial world. +So i've just started studying the forex market a couple of months ago using smart money concepts. I've learnt many technical concepts, from many different youtube channel (such as mentfx), that seem to work on the chart while backtesting them, but i'm not always able to apply them live, and i think that's because of my weak mindset. Can you guy recommend me some nice books about the mindset in the forex market o generally into trading? Or any other way to strengthen my mindset? + +Btw i'm from italy so sorry for the bad english. +I work 9-5, missed 2 winning setups this week, would have been a +positive week. But o well, next week is another week to be profitable. + +I am curious, I use my iPhone 6S MT4 to check charts every 2-3 hours and it sucks, my office computer is intranet so I cant access anything. + + Those with full time jobs, how do/did you manage? Stories/descriptions would be nice. +I've been talking to a person for a few weeks and she convinced me to put a couple grand into KBL investing. I looked them up and seemed legit, but of course after her wanting me to invest more like 50 grand I wanted to pull my money out. I looked into the company, it didn't say much but I was under the impression that if I could trade in meta trader 5 that it was a legit company. I didn't think I had already been scammed, but reading further into it, I'm fairly sure I have been scammed. Can anyone confirm or hopefully deny my suspicion? +I'm getting married and moving to Japan. My fiancee is Japanese and currently lives and works in Tokyo. I have a few questions about trading Forex and the feasibility of doing it full time for income. I can find a job in Tokyo easily, but I want to try this first. On to the questions. + +1. I will have approximately $160,000.00 dollars for use. Obviously, I don't want to risk it all. I would like to know what is a reasonable goal in regards to a monthly return? Is a consistent 5% monthly return out of reach? + +2. Living in Japan, what would be a good broker to use? + +&#x200B; + +3. I'm currently reading Day Trading for a Living by Andrew Aziz. Besides his chatroom, are there any other recommended chatroom that are recommended? + +&#x200B; + +Any other advice is much appreciated. + +&#x200B; + +Thanks for the help! +Hi All, + +To those who have applied sound money management and are consistently profitable - I have a question for you. + +Do you set weekly/daily targets where you stopped trading? + +For example if you are day trading, you see a set up that nets you a 2:1 Reward:Risk. Would you carry on trading until end of a session or do you have a set number of losses/wins before you call it a day/week.? +Is there any way to take a position in Rubles right now? Every brokerage I go to is set to "close only". I have been trying to research this. I have tried contacting some customer support on this matter and nobody has information or would send me a link to press releases on the mater. Anything helps. Thank you + +USD/RUB + +EUR/RUB +No matter how small. + +I'm thinking tonight of creating sets of flash cards with candlestick patterns on them. Adding information on the back of them; name, pattern recognition etc + +Were there any learning tools that helped you? Was it just diligent hourly practice, reading etc or even just personal trial and error trading with own money. +Started with trading a long time ago, but like almost everybody in the beginning. I lost a lot of money (emotional trading, not using SL always, dynamic spread etc etc.) but time to change this and trying to get the money back i lost and make profit again. Going to the basic by trying again with a demo account. + +The strategy I'm going to use is: +- support and resistence lines +- candle patterns that I know (like doji, Hammer, hanging man) +- rsi +- macd +- ichimoku clouds +- FA ( using the economic calendar, news, etc) + +Going to Use a mix of this of course. + +Are there other things you guys use and which you will recommend ??? + +And if There is enough interest I can post every monday (or every 2 weeks) my progress, starting next week. +Ive just started learning how to trade on forex and a little in stocks, but which one to focus and invest in? Only have about £500 to start with, please help! +I've been messing around with my charts over the weekend lately (who doesn't?) and out of curiosity, opened up a dollar index line chart to compare to the various USD crosses on the daily. + + I found from cursory examination, if the dollar index breaks a previous high or low, some USD crosses will actually lag some of these breaks and start breaking out of previous S/Rs after 1 or 2 candles. + +My question is, has anyone else noticed this and has a strategy utilizing this behaviour, or is this just a fluke, or too difficult to actually use in real trading? +Hello, + +I'm a newbie, as you may have guessed by the title. I've just finished the School of Pipsology, have to say this is amazing free knowledge. I've also read a bit of r/forex FAQ's. I've opened a demo account but frankly i'm still overwhelmed in front of the charts. + +I think the next logical step for me is to find a good strategy/good mechanical system and backtest it for at least 2 years to be sure that it is good. I'm searching for a swing mechanical system. Problem is i'm not having any luck finding one right now or i'm i suppose to create my own? I mean there are so much indicators. + +Is there a way for me to save time? What should i do? I'm trying to get the maximum value here, i'll consider everything so don't hesitate to comment. +Hey, I recently got intrigued by Forex trading and am going to start trading when the market opens on monday. I'm familiar with stocks so I know the basics of trading (bull x bear markets, resistance x support, supply demand, etc). Are there any tips that you wish you knew before trading forex that you'd like me to know? Also any suggestions for good but volitle (I'm young so I have money to risk) pairs to start trading? Thanks :) +Over the past couple of months I’ve been learning the basics, paper trading learning various different patterns, indicators etc and I just wondered how long it took you guys to learn. I’m in no rush however just want to know from some more experienced geezas +Did any of you guys actually have any college experience before trying out forex? I find myself to be more on the lower spectrum of the IQ list hahaha +But I do read up on forex and I'd like to learn more. I'd just like to hear some true life stories and what it took for you guys to keep going after losing money. +I used to do forex trading a while ago but have stopped because I was traveling a lot and could not really focus. Basically I have always looked at Forex to make some sort of 'passive income'. I was trying to make 100USD a day, not more not less. Making 100USD a day, would mean approx 2K USD a month. I realize this sounds naive, but I did actually quite consistency make 100USD each day. (Started with 5K) Sometimes it took 30 min, sometimes it took 4 hours. Can't pretend I know a lot about forex, besides the basics. Sometimes it did not work, but I could make up for it in the course of the rest of the week. The trick was to stop at predefined value which was quite easy to achieve I found. + +Am I naive or could this be a successfull strategy in the long run? Is this a strange reasoning, anyone else doing this? Again, am working full time (not yet willing to give up full time job) so I'm just looking to make some passive income. It's fun after all! + + +Does anyone use the Elliot wave theory in there analysis + if so how are your returns / accuracy of trades, I’ve heard good things this, I’ve also heard that it is really in depth, how deep to you need to go before it starts to work? +To all profitable traders out there, how many hours do you spend a day when trading? Is it a fixed schedule? What if there is no setup for your strategy? +I write algos that do my trading, so I hardly every actually trade manually. Last night I had literally nothing better to do so I pulled out the charts and got my little 10k account out to play with. Like three hours later I felt like my soul was dying. Basically u look at the chart, place a trade, then wait until the trade ends, and then do it again. How do you guys not go insane? +2 adults & 15 month toddler. + +I've been monitoring our spending over the last few months and can now conclude that we spend just shy of £600 per month on food. From my understanding, this is way above average for 2 adults + 1 toddler. + +This excludes alcohol (we don't drink), nappies etc, clothes, take aways and dining out. + +We don't skimp on food (good quality meat, berries for our daughter etc) but I also don't think we go overboard. We mostly shop in Sainsburys (45%), Morrisons (45%) and Aldi (10%). + +I've identified a few ways I think we can minimise these costs but am interested in other suggestions. I would like to get this down to around £400-£450 per month, which I think is achievable with some changes. + +My thoughts: + +* Do more of our weekly shop in Aldi +* Shop less frequently (we went to a supermarket 20 times over the last 30 days!!) +* Make more meals on bulk and freezer half for another meal + +What is your monthly food budget? What do you do to minimise these costs? + +EDIT: Thank you for all your feedback. To clarify the “20 shops”, these mostly consist of little £10-20 and under spends due to needing something for dinner, forgetting an ingredient or wanting a fresh loaf of bread or fruit. Something you’re all right in saying a proper meal plan will help minimise. + +It has been interesting to read the different opinions, and being honest, we do seem about average (or a tiny bit over). +As the title says. After the Bitgrail scandal. Every exchange need to have proper wallets with private keys. + +This needs to not just happen through the websites but also through apps like Binance or KuCoin app. + +A simplified user-friendly way to keep your funds secure while not trading yet easy enough to transfer back and forth without all the hassle + +These exchanges should offer minimal if any fees to transfer to real wallets they provide. + +Many people simply knave their coins on exchanges simply due to the hassle and fees. + +This will not only benefit uses but also the exchanges.. + +This NEEDS to happen! + +Not for trading purpose but for the purpose of conveniently storing your coins safely while not actively trading. People use exchanges and keep their coins on there simply becausw they don't know better or out of convenience. +A friend sent me this link to a [post by a professional endowment manager](https://money.stackexchange.com/a/115242) answering a question that essentially translates to "what is a SWR?". + +He claims a reasonable SWR can be 5%, without including the ER drawdown which can approach another 1% on top of that. Thus the total SWR according to his post would be close to 6%. + +Keep in mind that endowments are by no means shining beacons of investment success, so it's not their extraordinary returns affording them such a high SWR. On the contrary, [all ivy league endowments have underperformed a braindead 60-40 portfolio](https://www.institutionalinvestor.com/article/b1c1c4tq2bjm3c/Not-One-Ivy-League-Endowment-Beat-a-Simple-U-S-60-40-Portfolio-Over-Ten-Years) over the past 10 years, and [a cookiecutter three-fund portfolio beat 95% of all endowments over 10 years](https://awealthofcommonsense.com/2018/02/the-vanguard-endowment-model/). + +(It's hilarious to me that the single phrase "60% VTI, 40% BND" gives you all you need to beat ivy league wealth managers and their sophisticated multi-asset strategies. I should print that on a t-shirt.) + +If you followed any of my past posts, you know I account for a conservative 3.25% SWR, and even 4% seems rather high to me, let alone close to 6%. + +Still interesting to hear a different opinion of someone who manages wealth professionally for institutions that do have drawdowns, and likely put quite a bit of thought into SWR. + +One last cool angle in the post: apparently there are legal standards of safe withdrawal and the way to manage wealth for sustained drawdown. SWR in the US is legally defined to be 4-7%. Notice how the bottom range is what many folks here (myself included) already consider too high. Apparently you can actually get sued for drawing down less than that. Similarly, you can get prosecuted for being too cautious if you don't invest heavily in stocks, as that is considered mandatory for long-term maintenance of wealth under the above drawdown requirements. + +**EDIT:** to those claiming the author in the post I linked is strictly speaking of endowments and not suggesting an SWR of 5-6% - please read the post. He definitely does. To quote (emphasis in original): + +> Let us say 5% or 1/20. That means the corpus must be 20 times that. +> +> To withdraw your $1000/month or $12,000/year, you need 20x that, or **$240,000 of initial investment in the fund**. + +You may disagree with the SWR he suggests, but he clearly is suggesting one, and in the exact same sense we use it here. +(this was also a reply somewhere, context for the start:) Where the fuck is this psychotically insane bullshit that sidechains and the lightning network are centralized services? That is completely and utterly false. Lightning network relies on decentralized hubs of payment channels that STILL REQUIRE PRIVATE KEY SIGNATURES TO USE(EXACTLY LIKE THE BLOCKCHAIN). It is in no way centralized. Sidechains, anybody here ever heard of merged mining before? Or do everyone's brains just dump out valuable information every night to start fresh the next day? People are running to and fro screaming "sidechains are just centralized ledgers!!!" Not when you have ACTUAL MINERS MERGE MINING THEM. What the hell do you think will happen if a sidechain is actually promising with potential? Miners will secure it, just like the main chain. There's still transaction fees to earn for processing payments, and if someone found a logical reason to design an inflationary sidechain(I see none immediately evident), they could slowly just gain a bigger and bigger chunk of the bitcoin tied to the chains through the sidechain peg. + +Everybody is running around like a chicken with their head cut off that can only remember a fraction of the things people should have learned by now, squaking doomsday this, doomsday that. It's fucking ridiculous. This is supposed to be a community of enthusiasts and experts, not 172,308 self-proclaimed know it all idiots. + +The majority of the back and forth bullshit, is one person (whether they support XT or Core is irelavent) positing an actual hypothesis back by actual factual or argumentative data is attacked by someone attacking inconsistencies as if they can only conceptually grasp 1/10 of the total concept, and then when refuted, simply switch views to a different "1/10th" of the concept at hand, sidestepping each refuting and simply making another conceptually incoherent attack ignoring many layers of the topic at hand, until eventually a giant wall of text that no one wants to read sits there. That giant wall of text is someone attempting to state a position and engage in discourse, being met by the worst kind of troll, the one who comes across to the laymen as someone who is an expert when they are not, and it is totally destroying this community. + +BITCOIN IS NOT YOUR PROPERTY, IT IS AN EVOLVING EXPERIMENT. IT IS NOT YOURS TO DECIDE WHAT HAPPENS WITH IT. It is something that hypothesis should be formed about, and tested, and those that fail those test discarded, and others tested until verifiable confirmations can be had. Then actions and design should build upon what is proven correct. Anything else is childish arrogant and selfish. If you promote XT, argue why with technical facts, not assumptions about HOW THE FUTURE WILL PLAY OUT(technology will keep pace). If you promote Core, ARGUE WITH FACTS BACKED BY DATA. DEMAND TESTS THAT ARE SOUND AND VERIFIABLE IF DATA DOES NOT EXIST. Do not lower yourself to spamming nodes offline, and refusing to even sit at the table anymore. If you support something else entirely, LOOK AT THE DATA, GATHER MORE OF IT. START THERE, not personal attacks and flawed assumptions. + +That is all, bitcoin communities in general are starting to annoy me with both a lack of open discussion(which guess what, leads into this next thing:), a complete abundance of partial and total ignorance. Thats what these places are becoming. + +Recently clicked on the top post story over there thinking there had been another big hack or something. But lo and behold they are still obsessing over the Mt. Gox debacle. So I thought I'd test and see if I could prove their bias by posting a recent paper from the Federal Reserve Bank of St. Louis that states "in some ways, Bitcoin is more robust than fiat" and, "crypto assets are posied to become a welcome and important asset class." + +To no surprise my post has remained at 1 upvote after dozens of views and being on the subs front page. + +https://np.reddit.com/r/Economics/comments/7qv2c1/st_louis_fed_in_some_ways_bitcoin_is_more_robust/?ref=share&ref_source=link +He bought at 4 and sold at 18. The whole time superstonk was saying he was a genius, etc the guy is tweeting away and never saying a word about GME except once to say it's no longer interesting. He loves to go on about himself, how he's a doctor. I think he would have LOVED the adulation from superstonk. He calls himself Cassandra. Which means that people aren't listening to him. Yet here was superstonk, ready to listen and he kept quiet. + +Now a recent tweet he claimed shorting doesn't hurt a stock at all.... + +I'm pretty sure that as GME went way above what he sold at, he went short big. So he's fuked. + +Edit to add: Good to see some of you figured it out. To the others... the problem with the van parked outside his house theory is he's still happily tweeting all kinds of crap. Cryptic stuff pumping stocks, general anti-government stuff, and just for fun saying there's nothing wrong with shorting while making no mention of the rampant corruption of SHFs. If he was so afraid and keeping quiet he wouldn't be doing that. + +Burry is NOT the equivalent of Lauer or Trimbath. He's basically a SHF. He shouldn't be your hero. +As we approach the halfway point of 2021, I wanted to highlight Google’s great year in contrast to the low amount of chatter they’ve received. + +If we look at them compared to other tech megacaps this year, one thing sticks out: Less chatter, more return. + +https://i.imgur.com/d9j0K9O.png + +I previously made a DD on the sub that shall not be named right before I started buying my first $googl LEAPs on Dec 30th. Some of what I wrote is pretty cringey looking back but I think most has held up. Basic premise of DD is Google’s lead in AI and their commitment to it will pay off big long term. + +Some bullish anecdotes below I’ve picked up this year while paying much closer attention than before I wrote my first DD: + +Google cloud is the [fastest growing cloud operator](https://archive.is/8RHRf) and ranked [fastest](https://www.cockroachlabs.com/blog/2021-cloud-report/?utm_campaign=607e09b6c82ece0001712962&utm_content=60bf548f6637e20001061bec&utm_medium=smarpshare&utm_source=twitter) on throughput by far. + +[Mobile screen time data](https://twitter.com/HayekAndKeynes/status/1400192238987137027) shows youtube getting more than insta, tiktok, snapchat, twitter and netflix combined + +In May, Waymo was named the [#1 autonomous vehicle company in the world](https://archive.is/CF1cc) by experts for the second year in a row. + +Google AI researchers [released a paper last week](https://www.cnbc.com/2021/06/10/google-is-using-ai-to-design-chip-floorplans-faster-than-humans.html) on their new ML system that designs microchips better than industry experts in 6 hours. TPUs designing TPUs. + +[Good thread](https://twitter.com/borrowed_ideas/status/1387228149541376007) on their latest earnings + +Insidious big tech narratives on left and right are part of an echo chamber that doesn’t hold up with the general public. In April, Google was rated [the most trusted company in the world](https://twitter.com/MorningConsult/status/1384465618854875139) by Morning Consult in their latest yearly brand survey of 4,000 brands. + +edit: forgot one anecdote: Google trends search tracking on travel terms which makes up a big chunk of Search ad revenue is looking [really good for Q2](https://trends.google.com/trends/explore?hl=en-US&tz=240&geo=US&q=hotels,flights&sni=3 ) +https://i.imgur.com/Q9VGHzh.png +I did a quick perusal of the Verge subreddit. JFC. people are actively speculating about partnerships with AMAZON or MICROSOFT. The sheer credulity of these people is insane. Apparently a major public company has agreed to somehow “partner” with an *open source protocol* and pointlessly open themselves up to god knows how many securities/fraud lawsuits. And apparently this company is somehow cool with an NDA-protected arrangement being ransomed on twitter for $3,000,000???? SWEET MOTHER OF GOD. + +this is so idiotic that i am actually 100% on the developers’ side. anyone that “donates” is so dumb that they’re actually bad people and DESERVE whatever befalls them. The aggressively stupid SHOULD lose their money. the universe demands it. + +the only problem i foresee is potential regulation of exchanges and issuers because of horseshit like this. modern securities regulation came about because scammers were basically securitizing and selling obvious nonsense (“selling shares of the blue sky”) and people couldn’t help themselves from buying + +this is all embarrassing smh. i know this was previously discussed here but i NEED to insult these people in the harshest possible terms. go team verge - rob everyone that “donates” as part of this scheme lmao + +**** + +edit: i absolutely hate that i need to add this, but to be clear, i’m being *facetious* when i say that i’m rooting for people to lose their money. stealing is bad and i hope no one loses their money 🙄 + +Now stop crying m’kay + + +I've acquired a significant real estate portfolio over the last 10 years. My day job is actually in e-commerce and I've used some of my profits to buy real estate. With a combination of appreciation, some cash purchases, and strong markets, I have managed to build my equity balance to around $12M. I don't actually 'need' these funds, but it drives me crazy knowing that equity is just sitting there doing nothing. I do like having a strong monthly cash flow, but I'm torn on whether or not I should leave it alone or pull this and acquire new properties. I've never used any of the equity in these properties before. The mix consists of 4plex and 8plex units, with a few SFR, as well as one Airbnb in FL. Most of my NW is not in real estate, if that helps + +Am I making the right choice letting this equity sit there? + +\*\*Disclaimer: I am hoping that out of 340k subscribers in this sub there might be a few experts who have a unique insight or relevant experience here. I understand this is Reddit and I'm asking financial advice. No, I would not act on this advice without consulting the right people first. I'm simply looking for other perspective from a large group of like-minded individuals\*\* +Absent the house and the commercial building we own for the business we are debt free. The idea of investing into a second home is enticing, but I hate the thought of feeling like the house has to be used and there's the opportunity cost of going somewhere else. + +So, those of you with vacation home(s) where and why? Do you suggest it? I generally just rent a VRBO, but a place near Napa or Santa Barbara could be enticing. +I'm at 60 - 70% cash right now, which is getting ridiculous. I completely failed to execute my initial plan to allocate 40-50% into RE, given the price at all time high and it's incredibly hard to find good deals. + +Don't have many good ideas on where to put money right now. Also don't want to switch to consumption. + +Curious what everyone else is doing? +I don’t care anymore. It doesn’t really matter what happens, the market only goes up. The world could have a nuclear war and some algo in deep underground bunker will continue to bid up prices of assets between each other. + +It doesn’t matter if Tesla is a highly levered company making a low margin product that appeals to SV soyboys. It doesn’t matter if stocks are trading at all times high despite margin/wage pressures. It doesn’t matter all Chinese factories are all shut down for god knows how long. + +Now I truly see, I love SPY/QQQ calls. Stonks only go up. +90% of the people I see here are developers. What exactly does a developer do? I myself am going into aerospace engineering and plan to deal with heavy southern Southern California costs here and when I look up California/Bay Area related post for an idea of cost, people are always claiming to be a developer making between 100k-500k(or something crazy like that) + +I apologize if I am breaking rules asking. Just trying to find out what some of you do as I am genuinely curious. I'm not chasing money, I just don't know what it is you do lol +I have seen a lot of people upset about the Bitcoin fees on Coinbase, and rightfully so. I’m upset about it too. I’ve also seen a lot of people pissed at the CEO and accusing him of lying for saying that Segwit is not being requested often by users. At first I thought this was BS like everyone else. But last night I thought more about it... + +Coinbase has over 16m users and adding hundreds of thousands a day. The vast majority are noobs. When you are a noob using Coinbase for the first time your immediate questions/complaints are most likely: + +1. Why do I have to wait so fucking long to get my Bitcoin?! +2. I heard my friend talking about [altcoin x], why can’t I buy that? +3. How come I can’t buy more Bitcoin every week? +4. Why can’t I use this if I live in [country]? + +Considering almost all of these noobs are leaving their Bitcoin in their Coinbase wallet and have little exposure to fees, and have likely never even heard of Segwit, I actually think its probably true that requests to move to Segwit only represent a very small percentage of all requests. + + +A follow up on the gentleman who worked hard to pay off his mortgage in 3 years. While many are inspired, it is interesting how many people need to rationalize their own lifestyle choices by dismissing others. I think in many cases it's a bit of jealousy mixed with guilt that gets people fired up. + +[CBC Article] (http://www.cbc.ca/news/business/sean-cooper-mortgage-debt-1.3402026) +We are so early in the advent of the cryptocurrency world. All of the prices we are seeing today were unthinkable a few days or weeks ago, let alone back in 2009. Who knows what they will look like in 2030? So many studies - and schadenfreude anecdotes - reveal that the people who do best across the world of investing are those who simply hold through everything and restrain themselves from ever trading. (I think there was a famous Felicity study about the stock market that found that dead people's accounts usually outperformed living people's accounts, however I cannot find a source for this upon doing a cursory google search, so if anyone has heard of the same study, please let us know what it was.) My game plan is simply a little bit of euro cost averaging each month for the next few decades, never selling, and using a bit of cash on the side whenever there are huge dips or if a new cryptocurrency with potential pops up and I find myself particularly compelled by it. + +Is anyone else the same? I feel like this should be the textbook method of making the most out of your money. And it also means that you lose nothing if, say, in twenty or thirty years, the world had completely converted to cryptocurrencies and government-backed fiat monies became obsolete. +I'd like to share my personal learnings with people who want to pursue this path. + +My wife and I just had a conversation to reset our guidepost (fatFire) to $5M. And we expect to hit this mark in the next 2-3 years. My current net worth is about $3M. To set the expectation right. My (and my wife's) hometown is in a VLCOL area, or at least LCOL where most families can get buy around \~$40k a year. We plan to move back to my hometown and live with our parents when they are still healthy. We both agreed that 3M is enough (but not enough to travel whenever we want). + +We agreed that $3M is "FIRE" but not "fatFIRE". I'm in my early 40s, and I (seriously) started my FIRE journey about 2-3 years ago. I never intend to change the way I live -- I believe my life principles are already FIRE-oriented even I did not know it since my first job ... What a coincidence. + +Note, it doesn't mean that my "tips or reflections" work for you. They could be very wrong, but they are my own "stories" on my principles. There could be another (or a better) principle but I don't have a mentor in my family or friend so I have to find all these myself. + +Here are some reflections and if you are in your 20s-30s. I hope these thoughts help you in some way. (Either I'm being right or wrong LOL) + +**Buy a house with a mortgage early on** + +I am currently living in a big city (VHCOL). I did not buy a house that most people do (3B/2B). Instead, I bought a small place with 2B/1B in early 2010s. 2B/1B is in no way a standard, but it's more than enough to survive or somewhat cozy. My parents in the early 2010s kept telling me why I should wait -- because I tried to borrow money from them for the downpayment. I'm glad I was firm on this decision. + +Inside my head: my wife and I had moved from place to place and at the moment what we want is just a place to build a family. We bought a house because we had a young toddler. Moving becomes harder and harder. + +We literally borrowed 90%, where 10% are family funds. We repay our family in 1-2 years quickly as they are our parent's savings. My father once told me that they did not expect me to pay back but I told him that "when I said borrow, I meant it." + +Of course, looking back, the timing we bought the house is really a low point. But that's not the right reason I said you should buy a house (don't time the market). As a young professional, this is the easiest way for you to use leverage. And it's safe leverage because generally speaking, the government is on your side. We borrow at a high-interest rate but we have refinanced it many times. I'm being very conservative so I always choose 30yr fixed. Even that, eventually I got a very good deal 2.75% in 2020. Refinance is a blessing. + +If you can get something at 2.X % interest rate, it's probably close to the average inflation rate :) + +This decision gave me some tax benefits (to deduct mortgage), and forced me to save money consciously -- I hate the feeling of in debt. While the return on houses is not high, it's a highly leveraged investment so even 4% CAGR of appreciation becomes 15-20% ROI due to 5x (20% down payment). + +It's subjective. To me, the feeling of homeownership is/was so so so good. I probably would make more if I put my money on the stock market, so I won't call this is really the best move. But an emotional benefit is hard to quantify. + +*This is not always the best choice, but it's not a bad choice IMO.* + +**Marry the right person and have the right values** + +This is very very important and probably the best investment. I think the best way to be miserable is to deal with divorce. I have seen many divorces in my family and friend circles. I do believe my wife deserves 50% of my wealth even I am the one who put bread on the table. Jobs can be stressful and she is always there when I need her, and she takes care of the family so I never have to worry about anything at home. And most importantly, we share many values and support each other. + +Even today I am making $2-3m a year, our life does not change too much. We still use a coupon to buy sandwiches in a subway, my desk is 10+ years old bought from Ikea for about $100. Well, we do have an upgrade -- we use to only have one mattress and sleep on the floor (no box, no bed-frame). We bought a $79 metal bed frame so it feels more like a bed now. All my clothes are from ROSS or COSTCO or outlets during big holiday sales. + +We spent some money on travel but our travel budget is always 3-4% of our annual income. We had lots of fun while staying cheap -- we use credit card miles I accumulated at jobs to fly business class. We use Priceline to find good deals, etc. + +Of courses, after I make 7 figures, I give my time a price (like $200 bucks) so I'm not going to save $200 if I have to spend an hour to do a price search (unless it's a fun family activity). But anyway, we try not to inflate our lifestyle. None but my wife knows how much I make every year. + +**Being very aggressive in investing when your NW is small (and you are young)** + +*I hope you screw up badly. The more times the better. I hope you screw up to a point that you are serious about investment and knowing that greedy is going to ruin your wealth. I meant it.* + +Before I had saved 1 year of after-tax income, I'm super aggressive in investing. I bought growth stocks like Tesla, Zoom, Datadog, etc. in 2020. All in on the growth stock (even chase the GameStop craziness). I really carve out time to invest (and to fail and learn). + +I think the best thing I learn in the investments is from those failures. For example, I once thought I could time the market and do options trading. Or sell short through buying ETNs like SQQQ and when the market bounced back, I lost 50%. I trust my friend's "rumors" to buy a stock. I know this sounds crazy but you have to live your own foolish to really learn. + +For example, I have made my mind that in my lifetime I will not try to time the market nor to use any options (where you can easily make 5x or lose 80%). It's too much for me. + +*Principle: never deal with derivatives like options nor time the market. Never trust anyone's recommendation on buying stocks.* + +I also learned some lessons through selling at the lowest point and sadly buying at peaks. Another good one I already learn is: + +*Principle: I feel okay to use margin, but I will reduce the margin (significantly) when my portfolio hits an all-time high. And I gradually reduce my margin when my wealth is hard to recover from a loss.* + +I'm getting more and more conservative as I'm preparing for the coming fatFIRE. + +**Pretend you are retired and create a fake portfolio with real money** + +I open a separate account with about 5-10% of my NW and pretend I'm retired in that account. Don't back-testing. Just do it. This will provide you some real feeling so that you can be comfortable when you are retired. It will teach you whether you can really live by 4%, and how it feels with the fluctuation your retirement portfolio leads to. + +In my "experiment portfolio" and I adjust them from time to time. My goal is to figure out a portfolio that I'm comfortable with. With the recent market correction, that's the BEST opportunity to examine my belief. + +I watch this portfolio almost every day. It's all about learning and educate myself. If I don't do this, I might sell low in the future when I see a correction. + +My investment principle is fairly stupid and simple: I pick 10 companies, companies that I hope they never go out of business. I revisit this list every year, and usually, they never changed. For now, I rebalance quarterly but I pay attention to the account balance every day so I can "feel" my retirement. + +I plan to keep this practice for another 2-3 years until my real retirement. I feel it's good mental training to know that if a bad thing like the pandemic hit again, what does it mean to my portfolio and how'd I feel it. In case you are curious, these are the [10 companies](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=JNJ&allocation1_1=10&symbol2=AAPL&allocation2_1=10&symbol3=AMZN&allocation3_1=10&symbol4=GOOG&allocation4_1=10&symbol5=NFLX&allocation5_1=10&symbol6=COST&allocation6_1=10&symbol7=INTU&allocation7_1=10&symbol8=V&allocation8_1=10&symbol9=JPM&allocation9_1=10&symbol10=TSLA&allocation10_1=10) in my account now. Each of them is 10%. + +Note: this is not a stock recommendation. As I explained, I simply pick 10 companies I need/enjoy their product the most on my day-to-day life as my investment. TL;DR I'm their fan and their customers. I love to be their shareholders and that makes me feel good. I surely can go move conservative or aggressive. When I pick these companies, I did NOT check their stock price history nor their current price. I invest in companies, not the fluctuation. + +When I retire, I plan to keep 2-3 years of expenses (including travels) in a checking account, 20-30% in a (nice) house I plan to live in, and the rest on the stock market. I will replenish my 2 years of expense whenever the portfolio hits an ATH. + +**The most controversial expense & argument -- it's okay to buy happiness if you are really happy about it and you can afford it in cash** + +Well, I bought a Tesla Model X. It brought me happiness for few years and I think I did not regret it. It's a lousy investment from a financial perspective but I feel so happy that I could use auto-pilot and listened to music or audiobooks when I was commuting. Back then, I commuted about two hours frequently so this to me was a life-saver. I probably can make $200k if I did not buy it and invested the same amount of money in the stock market. But happiness is hard to measure. I do sometimes regret it because it could cost me half-million in 10 years LOL. But life is too short -- I don't think I'd care half a million in another few years. I do enjoy my commute more and my family time during road/ski trips in a fancy Tesla Model X when it just came up. + +I at least felt excited (or happy to very happy) whenever I drove my Tesla for the first 1000 days and I roughly pay 100k for it (after tax and gas-saving). $100 a day for 1-2 hours of happiness on average is not cheap, but it's also not that insane. -- I really hate my commute before I had a Tesla, BTW. + +*Principle: spending money on things that buy you happiness is fine -- you only live once.* + +If I don't have to commute, I won't buy a tesla for sure. I won't buy a tesla in 2020, for example. So it really cases by case and I feel that I'm wasting my money during the pandemic because I don't drive it too much. When I retire, I will probably buy a CRV or RAV4. + +Note: I did not use any loan. I pay it all in cash. I made about $350k per year when I bought the car. + +**Work hard & make more: a good boss to follow is someone who can also take care of your $$** + +Many people envy me for making seven figures. But they don't know that I work very hard and learn hard. I spent most of my weekend reading and learning. + +I also have little loyalty to a "company". I have loyalty to someone who takes care of me, but never the company. I have worked in corporate for many years and I know every layoff is nothing personal but performance-based. It's never about whether you are loyal to the company. + +It's about how good the relationship with your manager and whether your manager can keep her job LOL. It's about your value. I don't want to break your heart, but we are not family at jobs. We just mutually benefit each other when we are together. + +Why? Reorg happens every 9-12 months on average. If you love a manager and she/he loves you. That's great. But I will never settle with a below-the-market pay. I force myself to interview every 12-18 months and if I feel I'm 30% lower than the offer I can get, I let my manager know. A good manager will take care of that. + +Some manager is great and they help bumped my salary to the market (to keep me). I learn that this trick can only do once because the next time I tried to repeat the ask, the high-up ALWAYS say no. And I just leave and accept 30% more. True, I run into an asshole that I wish I did not change my job. But I also remember I stay and my manager was re-orged and I still need to deal with an asshole. + +I'll certainly not join an asshole's team for a raise. Most asshole is assigned during a reorg in my career. If you don't feel you can get along with your new manager, why join? + +It's really, really important to sharpen your interview skills. I'm very good at interviews (and interview others). Do I have loyalty? Of course. There's some leader I respect a lot. And I'm willing to take a 30% pay cut for one year. But anything longer than that makes no sense, especially if they already know that I'm underpaid. I do understand that there's a promo cycle or performance review cycle and I won't ask for an off-cycle promotion as this is often difficult in a big company -- HR will give them a hard time. + +I have a few people who always follow me when I jumped ships. I took care of them. I only take good people whom I think can quickly add value to me and my new team. This is not about nepotism. I allow them to follow me because I know they work hard and they can deliver value. And I make sure they also get 30% bumps if that's the market price. Again, I fix the problem whenever I can, and I expect my manager to do the same. I will never follow someone who feels loyalty means underpaid the market. + +We are not family, but we are on the same sports team. I want to work with A-player and I expect A-player comp. We are not family so if you can't deliver value to the team, it's not your fault but you should leave. I know this is a bit cold-blood but it serves me well to get a 10x salary bump in 10 years. I'm 100% friendly to you and will take care of you. But you are not my family and there's no unconditional love here :) I don't make friends at the job (unless we are no longer work together). I'm friendly but my job requires me to be friendly and professional. We are teammates, not family. + +To me, a good job means (in its priority): (1) some manager I know he/she will take care of me as long as I put good effort and deliver value (2) pay the market rate for my experience and skills (3) I can become stronger at work (something to learn) -- I love to put myself in a role that I have to be a bit stretched. + +I'm a workaholic (70 hours a week is not a problem to me) and I'm glad you are not so I can outrun you easily :) + +I also want to tell you a secret -- on average you can get a 4-6% raise per year even you are a good performer. But the market (like high-tech) goes up 10% YoY for "average people" in the last 10 years. So everyone who stays in the same job naturally is underpaid in 3-4 years. And when you get older, people pay for your experience. Switching jobs every 2-4 years is not a bad thing. Staying in one company for 10+ years is. I have seen so many people lose their ambition and skills because they just do the same work days over days, weeks over weeks. When they get let-go, they are panic. If I was let-go (for whatever reasons), I negotiated a good severance package and moved on. + +**A few more words...** + +I hope my principles can somewhat help you get fatFire. After I turned 40s, I feel that I'm not that ambitious and started to ask about the meaning of life. To me, every happy day from now on is a win. But I can say this only when I master the corporate game. I just don't want to work that hard anymore LOL, unless it's my own company, which I plan to start one when I fatFire and feel bored. + +When I hit the FIRE number ($3M), a number I can retire but is still constrained, it still feels so good. I feel I can enjoy my job more -- this is quite strange because when money is not the reason to work, I start to enjoy it more recently. Maybe because -- I'm gradually reducing my working hours to 55 with a goal to hit 40 hours per week in the next year. I shift these hours to exercise so I can live longer and happier. + +I don't need any promotion and do not expect any raise at this level. And likely, this is my last job (for someone else) and I'm no longer looking for a market rate because I'm fatFire so work-life balance now matters. +https://www.ft.com/content/0edb7c17-58e6-4ded-acfa-1822440a926c + +> Until now, SoftBank has shrouded the unit in secrecy, declining to say who was in charge of the unit or what its decision-making process was, after the FT revealed that it was the so-called “Nasdaq whale” buying billions of dollars of derivatives on US tech stocks over the summer. +> +> SoftBank said in August that it was planning to invest about $10bn in publicly traded tech stocks as a way to diversify a portfolio that is heavily reliant on shares in Chinese ecommerce group Alibaba.  +> +> But by the end of September, Northstar had purchased nearly $17bn of shares in US tech companies, including $6.3bn in Amazon, $2.2bn in Facebook, $1.8bn in Zoom and $1.4bn in Alphabet.  +> +> It invested another $3.4bn in equity derivatives. The trades included “long call options” — bets on rising stock prices that provide the right to buy stocks at a preset price on future dates — that were worth $4.7bn by the end of September. +> +> It also traded “short call options”, that assume falling stock prices, that SoftBank booked as $1.3bn in liabilities. Northstar also held short future contracts on stock indices, which were valued at minus $697m. +> +> Some of the bearish positions it took were hit as US tech shares rose during the three months to September, resulting in SoftBank booking derivatives losses totalling $2.7bn. The total loss for Northstar reached $3.7bn for the quarter, including $900m in unrealised valuation losses on investments made by the unit.  +For two years now I've been trying to live sober and i'm laying on par/ahead of my fire target, being either 600K at the age of 42 or 500K at the age of 46, + +However,if I'm honest; my real goal is not to retire at said age. My goal is to keep going to eventually amass an obscene amount of wealth during my lifetime to make sure my children, grandchildren and perhaps the generation after that do not need to choose their profession based on the need to provide themselves with a good quality of life. So they would be free to pursue professions that they desire without it having to be a profession that pays well. + +My end goal is to have a net wealth of 10MLN euro's by the age of 75. Which sounds like a lot, but I think is realistically obtainable if I manage to keep up my current lifestyle trough out my professional life (assuming a normal career progress as a CPA accountant and assuming future stockmarket returns to be in line with the past). + +The accumulation part is very much in line with the FI/RE mentality. My goals differ of coarse. Plus, in my head I have certain target milestones at which part I plan to evaluate if it's worth/doable to strive for more. + +I wonder if there are more people in the fire community who have similar aspirations? I also wonder if there are any Reddit groups devoted to the slow accumulation if wealth trough out ones lifetime (excluding wallstreet bets for obvious reasons)? +Hey all. Sold a 7/9 11c last week for bb that got assigned. Cool. The shares are no longer in my account everything looks fine. But in the messages, the title is "one of your short options positions has been assigned." why are they calling it a short position? +[DEBUNKED - SEE FIRST COMMENT] + +I saw a great video of Overstock CEO explaining what Phantom Shares is. It's from 2012 so kinda old: [https://www.youtube.com/watch?v=BdBe5\_8z53A](https://www.youtube.com/watch?v=BdBe5_8z53A) + +AT THE VERY END, at round 8:00, he says: ***"The SEC said: we have to grandfather, forgive, all the phantom shares that are in the system because we are afraid of the volatility..\[...\].. because it can crack the system"*** + +What excactly did he mean by that, and what did the SEC do with the naked shorting of Overstock stock? +Recently I was reading the book one up on the wall street by Peter Lynch where he says, + +" **By the way, the odds against making a living in the day-trading business are about the same as the odds against making a living at racetracks, blackjack tables, or video poker. In fact, I think of day trading as at-home casino care. The drawback to the home casino is the paperwork. Make twenty trades per day, and you could end up with 5,000 trades a year, all of which must be recorded, tabulated, and reported to the IRS. So day trading is a casino that supports a lot of accountants. "** + +Have you guys seen/met professional day traders or have you yourself been successful at it. + +Personally for me I have not been able to be a consistent profitable day trader, even in the best bull market we have seen for sometime, albeit I started trading in this period itself. + +I have been profitable with hedged option selling and the good old buy and hold, but not with day trading. + +Is day trading finding a pattern in sand or is it really a niche skill with a longer learning curve? +[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! +SpaceCorgi leverages memenomics with real-world utility. Here is the breakdown of why this is a true BSC gem: + + +🔥 Founded by a Member on Forbes “30 Under 30” list, team will be revealed after the first exchange listing + +🔥 Soon to be accepted as payment by Scoopers, the “Uber” of dog waste removal + +🔥 Devs will be utilizing Airdrops as a major marketing tool to spread awareness to other large communities + +🔥 Crypto PR firm just hired + +🔥 Upcoming AMAs from devs, and devs join telegram voice chat frequently + +With SpaceCorgi's partnership with Scoopers.club, look at similar projects that once started from zero: + + +- Chewy: MC = $29.7billion +- Petco: MC = $6.3billion +- Rover: MC (estimate) = $1.4billion +- Wag : MC (estimate) = 800million + + +Imagine passing on any of these companies in their infancy if you had the chance. Remember that SpaceCorgi has TRUE UTILITY. + + +This token has actual utility – SpaceCorgi is not just a meme! Get in before the devs announce identities. Since they are public figures and when the announcement comes it'll be too late. + + +The Telegram is very active and community support is growing. Plans to create an entire pet industry ecosystem, a marketplace where you can stake/mine, and charity partnerships are already being worked on. NFT giveaways have been announced as well. There is no limit to this coins potential! Check out the Telegram to stay up to date. +Here are the relevant links: + +Website https://www.spacecorgi.finance/ + +Subreddit https://www.reddit.com/r/SpaceCorgi/ + +Twitter https://twitter.com/scorgi_official + +Telegram https://t.me/SpaceCorgiDiscussion + +Chart https://charts.bogged.finance/?token=0x5a81b31b4a5f2d2a36bbd4d755dab378de735565 + +✅Contract Address: 0x5a81b31b4a5f2d2a36bbd4d755dab378de735565 + +Pancake Swap https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5a81b31b4a5f2d2a36bbd4d755dab378de735565 +# [Credit Suisse’s $5.5 Billion Archegos Hit Enters Big League of Bank Losses](https://www.wsj.com/articles/credit-suisses-5-5-billion-archegos-hit-enters-big-league-of-bank-losses-11619256601?mod=hp_lead_pos3), + +Wall Street Journal, April 24th by Simon Clark +[Original thread](https://np.reddit.com/r/btc/comments/7oy07j/is_cexio_insolvent_my_experience/) + +So since my last post, cex.io has [promised to give me a reply](https://np.reddit.com/r/btc/comments/7oy07j/is_cexio_insolvent_my_experience/dsfb7hy/), failed to do so, and [threaten to slow down the process for posting about their failure](https://www.facebook.com/CEX.IO/posts/1306904292743771). There is no reason why posting on social media will "slow down the process" unless their social media team is also doing the bank transfer as well. This is nothing more than a thinly veiled attempt in threatening me with delaying my payment if I expose their practices further. + +CEX.io also replied to a wrong ticket of mine (the said ticket issue was already resolved long ago). Long story short, CEX.io has not yet to reply me on my bank transfer of USD 34000+. + +Now since CEX.io refused to talk to me, I have since sent a statutory demand letter by registered post to them pursuant to England and Wales's laws. This is the first step to CEX.io insolvency proceedings. **If you would like to be included in the coming legal suit to recover your monies, you need to send a statutory demand to CEX.io and then contact me with all the details.** + +I have also contacted the UK police and US Financial Crime Enforcement Network, Department of the Treasury. Further I will also be contacting the press (including coindesk, BBC, amongst others) to ensure everyone hears about the errant practices of this company. This is building up to be Mt. Gox 2.0 and I am sure the press will be happy to hear about it. + +u/CEX_IO, ticket 543006, as stipulated in my demand note, the amount is now USD 35,235.36, after accounting for interests of 8% (England and Wales statutory interest rate). + +EDIT: My original thread on /cryptocurrency got deleted. relinked to my same post on /btc + +EDIT2: u/CEX_IO replied claiming I did not provide documents for their compliance team. This is untrue, the only time they asked for additional documents is when I was seeking Verified Plus status (which allows for higher withdrawal). This was a separate matter from my bank transfer. I [attached the entire email thread](https://np.reddit.com/r/CryptoCurrency/comments/7qslkb/update_on_my_missing_usd_34000_held_with_cexio/dst58qf/) for transparency. +It's that time of year again and many of us are probably dreading the imminent annual performance reviews at work. What tips and tricks have you used to successfully receive a promotion or significant salary increase in the past? +What happens if by October 15th the 150$ Strike is reached? Back in June there were 540,000 Puts on the Bloomberg Terminal. +That gives them the right to sell 54m shares at 150$. But who are they getting the shares from? +Need some clarification regarding this +Bitcoin is the most significant *financial* innovation since the use of paper money in China ~1000 years ago. That may seem like an exaggeration, but let's think about it. Derivatives, such as options and futures, were invented even earlier than 1000 years ago. Farmers in Ancient Greece sold derivatives. Stocks were around during the Roman Republic. Insurance? As old as the hills. How about double-entry accounting? The digitization of derivatives, stocks, and government money? While very significant, they are mostly computing innovations, not financial ones. Online banking? Paypal? It's numbers in a ledger. The innovation there was mainly the internet. Bitcoin eclipses them all. + +Can you name a more significant innovation in the past 1000 years? Microlending? Putting money on a plastic card with a magnetic strip? Baby steps. Keep in mind that I'm not talking about the *adoption* of bitcoin as being significant. Bitcoin is certainly not a significant player in 2015's economic game whatsoever. We're talking about significance as an innovation. + +The concept of the bitcoin blockchain is a fundamental departure from how we issue money and settle transactions. As a financial innovation, the movement from government fiat to decentralized, consensus-based digital currency is only paralleled by the jump from barter to specie or from specie to paper. + +Even if bitcoin isn't the consensus-based currency that gains widespread use, its units will still be considered rare artifacts, like the first stone tools or the first wooden flutes. This is innovation, people, whether you recognize it or not. +I ran a quick, simple simulation: save $X every year. Earn 7%. Do that for 40 years (22 to 62). Then I looked at how much each year contributed to the final balance at 62. + +Money saved in your 20s accounted for 52% of the final balance, your 30s 27%, your 40s 14%, and your 50s 7%. So the game is set by the time five-oh comes around. + +I also adjusted the savings amount to account for an [optimistic career earnings trajectory](https://i.imgur.com/KiKsJNL.png) ([source](https://www.kitces.com/blog/safe-savings-rates-real-earnings-growth-curve-cost-of-living-raises/)). In that case the numbers changed slightly: savings from your 20s contribute 40% of your final nest egg, your 30s 30%, your 40s 20%, and your 50s 10%. Same message: *start as early as you can.* +GME sold 3,500,000 shares for approx. $551,000,000 for an average of roughly $157.43 per share. This is in line with the price DFV paid on April 16. + +The proceed will be used to redeem $216.4 million in principle amount of its senior notes due 2023. This redemption eliminates ALL of the company’s long-term debt, while leaving the company with roughly $300 million cash on hand. This is on top of the roughly $619 million cash on hand at the end of the quarter for January 31, 2021. + +This means at the end of April 2021, GameStop will be DEBT-FREE and have around $900 million cash on hand for Ryan Cohen’s turn-around plans for GameStop. + +💎🙌🦍 BULLISH as FUCK + +EDIT: if you use a conservative average P/E ratio of 15 for e-commerce companies, that means the cash on hand alone is equal to 13.5 billion marketcap. With share price at 168.93 (today’s closing), GME marketcap is 12.4 billion. + +https://finance.yahoo.com/news/gamestop-completes-market-equity-offering-203900459.html +There are lots of different indicators out there but they tend to be lagging. Can one build a successful strategy using standard indicators or are most successful strategies based on creative indicators or other sources? I keep hearing about price action and support and resistance and that utilizing those are typically better than using indicators as there isnt a lag. What do people on this board think about indicators(free indicators found in most platforms)? I've tried multiple combinations of indicators but the strategy is not consistent in the backrest. Is going the indicator route the wrong way? +After reading a few white papers i recently started working on a project to create strategies that mimic hedge fund principles using financial instruments that are available to individual investors like ETFs. + +Hedge funds are for an exclusive group and comes with its own share of restrictions like higher capital investment, lock in period, high fees and only top 7-10 hedge funds actually beat the market returns over a 5year period. + +Im providing a list of strategies to checkout if anyone is interested in it: + + +1. Golden Butterfly +2. Permanent Portfolio +3. Ivy Portfolio +4. Basic Sector Rotation +5. All Weather/All Season +6. Dual Momentum +7. Papa Bear Portfolio +8. Shuts Atom + +I am not sharing the links of the above strategies since i fear the mods will take it down, but a simple google should help you find them. Let me know if anyone wants the translated version of the above strategies to ETF based assets. +Hey guys, keeping it simple, but how do you guys find strategies to use when algo trading? If using an indicator how do we know which pair we use is best? I hate going on YouTube and finding these guys that promote the "secret" indicator strategies because I know they don't work. So in short I'm wondering where you guys learn which indicators work best? +Im looking for resources to start learning about algotrading. I have a background in finance but dont know much computer science. Should I learn a programming language or is that not necessary? +Just out of curiosity (Not thinking of trading CFD's) where would the aforementioned (Etoro, Plus500, IG, FXPro etc.) CFD "brokers" get their data from? + +To clarify, I'm not looking for data sources, I'm specifically inquiring as to the nature and quality of the data that these companies use. + +For instance: + +* Are their data streams generally up to date and timely (Who tends to have lagging updates etc.)? +* Do they generally get their data from secondary providers like Intrinio, Polygon etc. or directly from the exchanges? +* Any other interesting observations about their data collection practices? i.e. How might they exploit their client base with corrupt data streams etc. + +Thanks +I stumbled on this interesting discussion in Hacker News on algo trading in general: [https://news.ycombinator.com/item?id=14469477](https://news.ycombinator.com/item?id=14469477). Would love to spark a similar discussion here. Thoughts? +Have a question. There was a lot of short selling during the financial crash of 08. Understandable, people were betting that the market would crash. What I don't understand is that in order to short sell, wouldn't there have to be another counter party willing to "lend" you their stocks (i.e. betting that the market wouldn't crash) in order for you to be able to short sell? Surely no one was doing this during 08? My question essentially is, by what mechanism could you borrow stocks in such a scenario? Thanks + + +Still trying to find news. + +Not sure why the drop, but prob combination of factors including but not limited to: + +1. CME margin requirement hike twice in 2 days wiping out speculators that piled on when we blew past the $40s +2. Double top near $50 30+ year high influenced profit taking +3. News that came out that China growth is slowing down +4. Possible manipulation taking out stop losses +I feel like I have only a very basic grasp on financing, investing, and just the economy in general. + +The subject was merely glossed over in high school and in college I only had to take one class and even that was mostly history of economics. + +I have an alarming amount of questions when it comes to the world of stocks and I find myself more and more interested in investing. + +Where should I start? I assume I need a strong foundation of knowledge about how the US market functions in general before I even consider investing, and there are so many thousands of websites and books claiming to have the best system of learning the free market that I can't tell who would be a reliable outlet! +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. +Hi there, + +Hope everyone is doing okay today. I've been watching markets for years and have definitely been in tune with 2020's various twists and turns for investors. I usually conduct several hours of research before even considering investing in a stock. My usual strategy involves sticking with businesses I understand and staying away from investments I feel are clearly overpriced. + +In this market, I'm noticing that certain meme stocks are king. Plug Power, Tesla, Jumia Technologies, Nikola (previously), and others have run far away from a level where many investors are comfortable making a purchase. I've also noticed that the returns of several friends and family members are absolutely trouncing the rest of the market. These individuals often conduct less than one hour of research and barely know the P/E, P/S, or business model of the stock they are trading. + +Are there risks in these markets? Have we shifted to a new paradigm where everybody should just buy TSLA, PLUG etc. and just coast to retirement in 5 years? If this can continue, surely you would think that pension funds would toss those 2% bonds in the garbage and buy such securities. + +Please correct me if I'm wrong on any of the above, I'm curious about people's thoughts here. Thank you and have a great holiday week. +I’ve been trading for a while now. Was on a losing streak for months. Then I started doing so much better after learning from a friend who trades professionally. I started having some success. + +Then I started to have confidence like “hey maybe I’ve got this shit.” And WHAM the market says “fuck your confidence” and I get a big loss. + +I feel like it’s partially because I was trading losses for a while and my mistakes became bad habits and sometimes it just bleeds into my trades. Feels like sometimes it’s second nature to go the mistake route. + +Reminds me of when I was a kid taking private lessons to learn a musical instrument. After you make a mistake for so long, it becomes a bad habit that is insanely hard to fix. I just remember my teacher trying to fix my posture and hand position and it SUCKED so bad. +I am frustrated. I used Degiro couldn’t short US stock. +Switched to IBKR and someone told me that my funds after a day trade will take 2 days to get settled.And told me that if i open a margin acc i wont be able to day trade more than 3 times a week. Can someone please recommend a broker For EU/UK. + +I want to be able to +1)Short US stocks +2)Fees low please like 4-5$max +3) no PDT rule for lower than 25k cuz i only have 4k$ +4) Unlimited day trades(got only 4k$) + +Im bout to go nuts someone please help + +EDIT: A broker which has limitless securities(most of stocks not just 200assets or smthn) +I am frustrated. I used Degiro couldn’t short US stock. +Switched to IBKR and someone told me that my funds after a day trade will take 2 days to get settled.And told me that if i open a margin acc i wont be able to day trade more than 3 times a week. Can someone please recommend a broker For EU/UK. + +I want to be able to +1)Short US stocks +2)Fees low please like 4-5$max +3) no PDT rule for lower than 25k cuz i only have 4k$ +4) Unlimited day trades(got only 4k$) + +Im bout to go nuts someone please help + +EDIT: A broker which has limitless securities(most of stocks not just 200assets or smthn) + + +Talk about your plays today or things you are on the lookout for. This is where you belong if your comment includes a ticker. + +*keep it civil please* +I've been thinking about strategies to grow stock positions over time and have been reading about different strategies. + +I'm trying to work out the best way to continually invest in my positions over time to ensure that I'm building my positions over time while limiting the downside. + +The two strategies that I'm thinking about are; buying the dip (every time a stock hit a negative, add to the position) or, just adding to each position each day irrespective of whether the stock is up or down. + +I found this article which put some math behind these strategies - [https://theirrelevantinvestor.com/2020/02/24/what-happens-when-you-buy-the-dip/](https://theirrelevantinvestor.com/2020/02/24/what-happens-when-you-buy-the-dip/) + +I'm still not sure which one suits me best and am interested in hearing how other medium/long term investors do this. + +Initially I was going to buy a set amount (let's just say $20 to each position where I'm down 1.00%) until I'm not down less than 1%). There's an obvious flaw here, as the position grows the amount ($20) becomes less and less as a percentage and will have less of an effect over time. + +What strategy do you use to grow your positions over time and increase the chances of profitability while reducing the chances of making a loss? What rules do you set/stick to? +I originally posted this for advice seeking, but there's nothing they can do. Instead, I thought I'd repost as a PSA. + + +My sister (28F) and her girlfriend (33F) were desperate to find a rental house in the PNW. They ignored the telltale signs of rental scams: too good to be true pricing, unable to see the inside of the property, poorly constructed emails from the "owner" (who claimed to have recently transferred to Chicago for his job and was "just looking for someone to keep an eye on the property"), and the most glaring issue - he would only call them from a number with a 675 area code...which isn't an area code in the US. + + +Long story short, their desperation clouded their judgement. They called me yesterday afternoon in a panic, saying that the "owner" told them he was in a contract with a property management company and they needed to provide an additional 6 months of rent before he would "mail the keys". + + +Trying to get them to see the light (they didn't believe me when I told them they got scammed), I did the following to build my case (in addition to mentioning everything above): + +* Look up the name of the actual owner of the house - surprise, surprise, the names didn't match up. The house had recently sold to a different couple +* Urge them to try calling the phone number the "owner" was calling from (knowing that it would say the call couldn't be completed) +* I googled the listing agent and reverse image searched the photo that was on the Redfin page - they *only* results that popped up were on Redfin. Testing my theory, I did the same with a friend that's a realtor and the pictures showed up on multiple listing sites +* Brought up the fact that the "owner's" email address wasn't any iteration of their name - on its own, this wouldn't be a red flag, but he told them that he was an executive at his company (thus the "transfer). An executive business professional would most likely have an email that has their first and last name in it +* In the same vein, told them that a business professional would *not* be sending the types of emails he was + + +They provided copies of their ID's and SSNs on their "application", so I had them [freeze their credit](https://www.nerdwallet.com/article/finance/how-to-freeze-credit) and contact Wells Fargo to report the fraud. Outside of doing that, I told them to **absolutely** not send any more money to this person. + + +They're embarrassed and still aren't convinced they got scammed, so for now I'm just going to offer emotional support to them and be kind. They're absolutely the last people I would expect to fall for a scam, so it really is true that it can happen to anyone. +Reddit, + +Happy Tuesday! Hope your well. Being in a bear market presents unique opportunities (discounted valuations, failure of companies, the foundation of new companies). What stocks/industries do you think are going to be prevalent over the next decade or two? + +I am bullish on a few things. Web 3 (long way to go), EV, and construction materials. + +Any explanation of your thought process is greatly appreciated! +It can still be vetoed by President Obama since it didn't reach enough votes to override his veto power. If he doesn't veto it, however, it would surely add to the oil supply glut. + +US oil production has dropped for 5-6 weeks in a row now, but if this passes, it will definitely be a huge wrench in oil's price resurgence. I don't know how much of an effect it'll have on supply, but there's no doubt that there will be an effect. Saudi Arabia is far less likely to consider reducing their output if it passes as well. + +Add the annual seasonal decline in the demand, and I think there may be another dip in the price of oil. There will be an additional three million barrels a day of oil looking for a home. + +What do you think? +Some 19 year old in a BMW hit me while trying to change lanes in front of a red light. I don't know how, but he claims he couldn't see me(lol). He is 100% at fault. + +Today Geico called me and told me the other driver's insurance policy was purchased 15 minutes after the crash happened. My claim against his policy is worthless. I took my car to the shop and was quoted $5000 in damages. My car is worth maybe $4000. Is there anyway I can get my insurance to give me the damages in cash and I go buy a new car instead of paying a shop to fix it. +We’ve all seen them. A community for a coin that has a cult like following for a project that is just, not going anywhere. + +Either it suffered a rugpull, or has no utility, or the larger crypto space just doesn’t care about it anymore, this community just won’t give up on it. + +More than that, their extremely bullish for the future, with no logical reason that’s grounded in reality. + +Does a name pop into your head? + +Does this sound like any community you know? + +Which community gets your vote for their foolish but unwavering faith? + +My vote, very honestly, has to go to the folks at Bitcoin Cash, who are still excited about a project that no one else seems to be at all. They forked and have never returned to their all time high. It just seems like their legacy keeps them even slightly relevant, but they are still sure that they’re going to change the world. + +Edit: Y’all need to give explanations. I need reasons! +Tracked by the apes themselves: https://sevenfourone.live/ + + +Is this good news for apes? + +Perhaps its only the first step of a multi-plan rollout for games and songs? How will people access and play their NFT games and songs? Don't sweat the details. + +Bullish! + +edit: kenny paid me $4000 dollars for this post. thanks superstonkers! +My mother in law has just sold her home, however, the house she was buying has been delayed potentially up to 4 months so she is moving in with us for a while. + +She is concerned about having approx. £400k (proceeds from her house sale) sitting in her bank account, which is more than the £85k that would be protected by the FSCS. + +The solicitors have offered to keep it in their account, but with her not knowing how long this is going to be for, she doesn't feel comfortable doing this just in case anything happened to the solicitors in the next 4 months. ( I am guessing her money would be in a separate client account and protected though in the unlikely event the solicitors stopped trading) + +&#x200B; + +Is she best to keep hold of the money, but divide it between more than one bank account? + +If anyone has any experience or advise with this, it would be appreciated. + +She needs to be able to access the money quickly whatever she does, just in case the house she is buying becomes available sooner. She will be paying for the new house using the proceeds of the sale of her home. +Did your family teach you about money or did you have to learn on your own? + +Was your family rich/poor? + +What are your parents attitudes toward money? + +Was there a global event such as great depression, .com bubble, etc. during your childhood that may have had an impact on your view of finances? + +The list of questions could go on and on +Soooo... let me get this straight.. we're selling our assets because we think the threat of inflation is worse than what the Fed is making it out to be? + +Fair, on being skeptical on the Fed's downplaying this.. But! Last time I checked, inflation isn't where asset values deflate, they inlfate. It's the currency that loses value. Not assets, especially assets that are known to hedge against inflation. If inflation is your threat, converting assets into currency seems a bit, ironic to say the least.. + +Conclusion: To me, the market's response is overreactive. We got a lot of new investors and traders out there. Including me. But, the key is understanding the driving force behind inflation along with it's cause/effect. + +I don't know about you but, I'm buying the dip. Especially inflation hedges. As the old saying goes.. "Buy into weakness, sell into strength.". Pullbacks are Bullish~ No, Stonks don't always go up. Once the panic selling slows.. this is screaming buy if you ask me. + +Not financial advice. Just my thoughts. + +Peace~ + +Update: + +Negative rates are a thing. It's all the rage in Europe, for the last couple years. + +I am not saying this WILL happen but, for those hopping on the raise in the Fed Funds Rate bandwagon.. when everything the Fed has been saying for months on end is that there is no foreseeable change in policy, potentially as far out as 3 years.. + +I ask, rhetorically.. What do you think the US Fed will do.. Follow suit with the rest of the Central Banks of the world in Negative Federal rates or go out on a limb and raise the Fed Funds Rate? + +Place your bets accordingly~ + +I don't believe that the US Fed has the balls to raise rates with how huge the bubble is today. We are way beyond 2008. Think about it.. if you were Jerome Powell would you want to be the guy to pull that trigger? I don't think so. He's probably peeing in his pants right now since the market is forcing his hand to do something. I know I would be pissing into a puddle of my tears if I were him. Talk about pressure! + +I think Jerome Powell will more than likely try to buy himself time by increasing asset purchases for the next 8 months and serve his term as safe as possible. Then, pass the buck off to the next face puppet Chairmen. Meaning he'll keep rates the way they are or lower them into the negative by .25%. Or at least adjust assets purchases and a negative rate by how much investors freak out. Powell isn't the type to grab the Bull by the horns, if you will. So, mild fluctuations in Fed policy at best. + +I just don't think our Fed is smart nor brave enough to take the controlled fire approach and raise rates. Not yet anyways.. Especially, when we're not seeing rates rising with the Central Banks of the world. If anything, they're willing to go into the negative from what I've seen, not assume. Which, assumption is the entire basis of the argument of those who think they'll raise rates. + +Just my two cents though. This is a fantastic discussion btw~ + +Still not financial advice. +My fiance has been getting into woodworking and creates really unique and amazing interior pieces. He'd like to take that full scale if we FIRE. + +I haven't been able to decide but I'd like to open up a unique and high quality local bakery with an attached cafe and/or become a vertical garden designer. + +Because of this, our FIRE needs are going to be higher so we can support ourselves and our businesses (if they aren't generating profit). For the cafe/bakery, we're thinking of buying a building and renting it out so that when its time for me to open my shop there will be lower costs. + +Is anyone going through this path of FIRE in order to pursue a profession that might not have much demand/difficult? +For those who went through the gauntlet that is audit at a big 4 firm, how bad was it actually? + +Did you really work 80+ hour weeks consistently? + +What are the exit opportunities that lead to a role that has real work-life balance, while earning a decent wage? +I’m looking for ways to make post Brexit better for myself and exchange my money in my savings account to dollars or euros. + +I have around 10k. I still want to keep them in an account, but I’m not financially educated at all. +And then the post-sequels, too. Imagine lord snore or whatever his name was. Now, imagine an undead Jar Jar. The goofy mask ripped away revealing his bare savagery and cold cunning. Speaking in a low, slow, controlled voice. freaking TERRIFYING in comparison. + +Sorry, I know this isn't DD or honestly even related. Marked as fluff. There are many other post-squeeze goals for this world and work to be done, like: + +- Cleaning up oceans +- Cleaning up our institutions +- Actually paying scientists & teachers +- Removing the 'ultra wealthy' ticks & other boomer looters +- Getting the new Ape political party off the ground (if only for merchandise purposes) + +I am fully in support of the apes. Should this squeeze, my gf and I will get a nice participation trophy w/ our combined 2 shares. + +but damn it. One of the biggest low-key regrets of my life was realizing Jar Jar could've been inverse Yoda. And why not? Why didn't that happen? Mr Lucas PAPER HANDED his idea to public sentiment because he wasn't received like yoda (oh no we hate jar jar he's awful wahhh). That's not what we're about here. + +Please consider my plea. Keep it in your hearts + +🚀🚀🚀🚀🚀 +🌕🌕🌕🌕🌕 + +🧴🧴👶 +I ran across a great blog post on The White Coat Investor talking about Fidelity's 0% expense ratio funds - https://www.whitecoatinvestor.com/expense-ratios/ + +Once you get down to 10-20 basis points expense ratio doesn't have a huge impact - other factors do too - efficiency of actually running the fund, choice of index, tax efficiency, and then practical matters such as what is Fidelity's end game with 0% expense ratios? + + +I get it. + +It’s terrifying at first. At the beginning, you feel proud that you decided to finally invest in crypto after hearing about all the gains everyone has been making. Soon after you invest, things are actually looking okay and this optimism you feel remains with you. But then things suddenly change and the market just plummets without no forewarning to you. You begin to feel nervous as you lose more and more money with each refresh of the market. You think you just have bad luck and timing and even contemplate selling to cut your losses. Its a shitty feeling and you feel powerless as you can only watch. + +But I promise, dips are normal. Crypto has experienced countless significant dips since Bitcoin ever became a thing. And you don’t have to take my word for it, simply look at the charts of the past and they’ll show you. + +The first dips are always the worst but eventually you get used to it and if you’re a holder, you will soon no longer even care if the market goes up or down because you learn one major fundamental truth: the current value of your assets does not matter, it’s about the future value. + +I don’t blame you for being scared during dips or corrections, I was the same when I first started investing and I’m sure many of my fellow investors here were also. But now I’m an emotionless bastard whether prices go up, down, sideways, whatever. So just know that you will get used to it and each dip you experience will become more and more bearable. Dips are actually a wonderful opportunity to grow your assets. Just remain calm and don’t let emotions cloud your judgment. The more dips you experience, the easier it becomes. +Title says it all really. + +Started saving recently as we're now in a position to put quite a lot away each month. + +Uncertainty around covid has made all mortgages pretty much available at 15% deposit or even higher. + +We're hoping that we can just focus on saving 5-10% in the hope that things calm down a bit next year and by the time we have that saved more favourable mortgages return to the market. + +Is this a reasonable outlook or are we going to have to get used to the idea of saving double that? Feels like with high deposit mortgages and the help to buy being capped really low next year its next to impossible for first time buyers even ona decent income to get on the ladder. +Without MOASS (happening yet) this has become about market reform for me. + +GameStop the company is doing great, turn around is in mid motion and it's going well. I'm a customer of their legacy business, a user of their newer products, and will be a customer of their future products. + +GME the stock is doing great because the customers of the company are locking the float so they can own the stock, which has given GameStop the company cover for said turn around. + +My only problem is abusive shorting and other manipulations of the stock that amount to fraud. + +Dave Lauer, Dr. Trimbath, Jon Stewart and more have been animated by the market reform movement from Superstonk, the correlation is direct. And I don't think they are rooting for us to get rich, they are rooting for fair and equal financial markets. + +Citadel is on the other end of these proposed SEC rule changes, they have told you they have spent billions on infrastructure meant to defraud retail investors and enrich themselves. Remember: hedge fund, market maker, with control over exchanges, and they use it to create fake liquidity. + +I made my comments today, and saved what I wrote so if I have to I can easily resubmit. + +Market reform is my way...also, buy, hold, DRS, Book. + +Edit: first sentence needed some clarification +PitBear 🐻🚀 Brand New Stealth Launched Bsc Gem 💎 Just $17k Market Cap 🚀🚀 + +So guys this just launched a little bit ago and is sitting at $17k market cap. I don’t think I need to illustrate the potential for an easy 10x here. Make sure to join the telegram and have a look around and make your own mind up! 🐻🚀 It looks safe with ownership renounced and locked liquidity, but don’t take my word for it do your own research! + + +This thing can do anything from a 10x to 50x or even more from this point, it’s crazy early! 🚀 + + +PITBEARS🦍 All the links below for your convenience! 🚀🚀🚀 + + +🔥STEALTH LAUNCH, LP BURN, OWNERSHIP RENOUNCED, 100% SAFU🔥 + + +BURN LP🔥 +https://bscscan.com/tx/0x597b9549f1c00fcf5db9dae660c98b742b55af9a2708e79be8924faa68094ead + + +👋 OWNER RENOUNCESHIP🚀 +https://bscscan.com/tx/0xdb1c90d21ce7547768f6ab055d7681982c306090928a757415be94ed7a7bb7a6 + + +💰BUY http://v1exchange.pancakeswap.finance/#/swap?inputCurrency=BNB&outputCurrency=0x91daf4ae3f290e7f158466d092e3e16161a02563 + + +💰CHART https://poocoin.app/tokens/0x91daf4ae3f290e7f158466d092e3e16161a02563 + + +💬 https://t.me/PitBearsTG + + +Always do your own research fellow apes and only put in what you can afford to lose! These bsc plays are very risky but with huge potential for mad gains. 🚀🐻🚀🐻 Bear go moon! 🚀🐻 +🦄 Rainicorn is a deflationary NFT farming token that provides stakers with exclusive NFT drops from both well-known, and highly talented emerging artists that grant stakers special powers within Rainicorn's expansive DeFi ecosystem! + +Rainicorn has also launched two staking pools, Rainbow, where the holder can lock up $RAINI, and Unicorn, where Uniswap ETH/RAINI tokens can be staked. + +The rewards for staking in these pools will be either in Rainbow or Unicorn points, depending on the pool, which can then be used to claim NFTs from our drops. Unicorns will be valued higher than Rainbows to compensate for impermanent loss. + +Moreover, Rainicorn has it’s own Launchpad in the works too! 🌈 + +Raini is here to put a dent in the DeFi Ecosystem. + +Staking is now LIVE!! + +Binance Smart Chain bridge is LIVE!! + +Influencer marketing is due to start IMMINENTLY. + +🔒Liquidity Locked + Contract Audited! + +Liquidity is locked, their token and staking contracts are fully audited by Solidity. Already more than 25% of all outstanding tokens have been staked, showing strong community support for the project - + +[https://solidity.finance/audits/RAINI](https://solidity.finance/audits/RAINI) + +They’ve also just signed a with DOVU - [https://rainicoin.medium.com/raini-and-dovu-the-art-of-protecting-the-planet-d39df0a8af0](https://rainicoin.medium.com/raini-and-dovu-the-art-of-protecting-the-planet-d39df0a8af0) + + SOLID TOKENOMICS 💎 + +Only 1 billion $RAINI tokens will ever be minted. 500 million $RAINI were burned after initial contract creation, and currently half of all team tokens are locked.Solidity also conducted KYC on the founders. + +A portion of all revenue on the Raini platform will be utilised to regularly buy-back and burn tokens. This should put upwards pressure on the price of the $RAINI token, as the supply will continuously decrease, and periodic demand will be maintained by this measure. 🚀 + +• Total supply = 1 billion tokens • Initial burn = 500 million tokens • Locked tokens = 49,034,950 • Circulating token supply = 450,965,050 + + Roadmap 🎯 + +We have a strong roadmap for the future and are excited to keep things moving! + +March 2021 - Token Launch March 2021 - Medium Launch March 2021 - Coin Audit March 2021 - Team KYC April 2021 - CMC Listing April 2021 - Community AMAs April 2021 - Staking April 2021 - Artist Announcements May 2021 - Marketing Campaign Q2 2021 - Platform Launch Q2 2021 - Raini NFT Toolkit Q3 2021 - Governance Tokens Q4 2021- Rainicorn Launchpad Q1 2022 - Community-run VC + +Links 🌐 + +Website : [https://www.raini.io/](https://www.raini.io/) + +• CoinGecko - [https://www.coingecko.com/en/coins/rainicorn](https://www.coingecko.com/en/coins/rainicorn) + +• Dextools - [https://www.dextools.io/app/uniswap/pair-explorer/0x895324433d8026fad0531428ccfbac7a6b32fbf8](https://www.dextools.io/app/uniswap/pair-explorer/0x895324433d8026fad0531428ccfbac7a6b32fbf8) + +• Pancake Swap - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xeb953eda0dc65e3246f43dc8fa13f35623bdd5ed](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xeb953eda0dc65e3246f43dc8fa13f35623bdd5ed) + +• Uniswap - [https://app.uniswap.org/#/swap?outputCurrency=0xeb953eda0dc65e3246f43dc8fa13f35623bdd5ed](https://app.uniswap.org/#/swap?outputCurrency=0xeb953eda0dc65e3246f43dc8fa13f35623bdd5ed) + +• [https://t.me/rainicornchat](https://t.me/rainicornchat) (Telegram) + +Hop on to the Telegram (almost 2500+ members) if you have any questions. We have an active and engaging community to help you out at any point. 💯 + +Rainicorn is ready to blast off to the outer-space. Are you?! +&#x200B; + +&#x200B; + +&#x200B; + +[Christopher Leonard is a business reporter whose work has appeared in The Washington Post, The Wall Street Journal, Fortune and Bloomberg Businessweek.](https://preview.redd.it/10mcakt2rlt81.jpg?width=201&format=pjpg&auto=webp&s=0e2507d755c5c9255c85465e2d66dbfa389f5c7b) + +&#x200B; + +LET THEM EAT ASSETS...CHAPTER 13 THE INVISIBLE BAIL OUT 2019-2020.... This bail out was unprecedented, and it benefitted a small group of hedge funds that had essentially hijacked the repo market and used it as a vehicle to make risky bets. The Feds saved them from the consequences of those bets... + +&#x200B; + +At 9:05 on the morning of Friday, September 13, 2019, a group of financial traders and analysts gathered for their regular daily meeting at the New York Federal Reserve Bank. These traders were expected, every weekday, to have a firm grasp of what was happening in global markets so that they could explain it to their boss, Lorie Logan, who oversaw the New York Feds entire trading floor. After everyone got settled that morning, the New York traders described what had them worried. They had been watching the enormous global market for the U,S, dollars, which they referred to simply as "money markets" The money markets tracked the flow of real actual, hard cash as it circulated around the world. + +There were many parts of this market, including overnight loans that banks used to keep their books straight, along with the billions of dollars borrowed daily by hedge funds to finance their bets. The New York Fed was obsessed with global money markets. The Fed's primary job was to control the price of money, and this price was expressed in the short-term interest rates paid by the banks and hedge funds. The Fed's traders were worried that there might be a cash squeeze looming on the horizon. It was trued that the world was awash in cash, perhaps more cash than existed at any point in history. But the traders were seeing market signals indicating that short term interes rates were rising, and they might continue to do so, maybe sharply. + +The Fed itself was directly responsible for the situation. The strain on financial markets was happening as a direct result of the normalization process overseen by Jay Powell. Normalization had been taken off autopilot, and had been essentially halted but the Federal Open Market Committee (FOMC) had none the less withdrawn some of the extraordinary interventions of the Bernanke era. When the Fed reversed quantitative easing, it drained more than $1 trillion of excess cash out of the banking system. Excess bank reserves ---meaning the level of cash that banks kept in vaults inside the Fed--had been drawn down from 2.7 trillion in 2014 to about 1.3 trillion in September 2019. This was still about 76,000 percent more excess bank reserves than existed in 2008. But the reduction was significant. + +The warning signs were coming from the crucially important cash "repo" market. The repo market was part of the bedrock of the financial world, and it was supposed to be a super-safe form of lending. A repo loan was short term, maybe as short as overnight. It always worked the same way: A borrower would hand over Treasury bills in exchange for cash. Then, the next day or the next week, the borrower would give back the cash in return for the Treasury bills, paying a very tiny fee for the transaction. THe whole point of a repo loan was to be able to get cash when you needed it, in exchange for ultrasafe Treasury bonds. This was very important for Wall Street firms---they had hard assets like Treasury bills, which were worth a lot, and they needed ways to unlock the value in the form of cash to meet their overnight obligations. Banks were more than happy to do this short-term loan because it was safe; the banks held on to the Treasury bills as collateral so there really wasnt any risk. If the borrowers went belly-up, the bank could sell the Treasurys and recoup the total value of the loan. This is why the repo loan market was a muti-billion dollar market. All kinds of financial institutions used it every day to swap Treasurys for cash, so they had money on hand to do daily business. + +On Friday the thirteenth, however, the repo market was sending out flashing signals. There were early signs that big banks like JPMorgan were increasing the very tiny interest rates that they charged for repo loans, banks were raising rates because they were growing hesitant to extend repo loans. The banks seemed to feel that they were running too low on cash reserves. On the following Monday the banks would be running extra low on cash because two things would happen at the same time. First, it was Tax Day for big corporations, which meant that banks would be sending a lot of cash out the door to pay tax bills. Second, a lot of auctions for U.S. Treasury bills were going to settle, meaning that banks had to pay cash for Treasury bills they had earlier agreed to buy. All of this would drain cash from the system and reduce the level of excess reserves. + +&#x200B; + +The events of the following Monday showed that the Fed's of New York trading team was essentially flying blind. This meant that the entire leadership team of the Fed, including Jay Powell, was also flying blind. The central bank had transformed the financial landscape by swamping it with money and in doing so had destroyed one monetary regime and replaced it with a new one. But there was no reliable instrument to measure the terrain of the new regime. This fact was made a stark reality on Monday, when the repo market blew up, the resulting market crisis almost became a full fledged financial crisis, at a moment in history when the markets were supposed to be stable and in good health. The only reason this didn't happen was that the Fed stepped in, almost instantaneously and initiated a 400 billion bail out. This bail out was unprecedented, and it benefitted a small group of hedge funds that had essentially hijacked the repo market and used it as a vehicle to make risky bets. The Feds saved them from the consequences of those bets. But the most remarkable part of the bailout is that the Fed did it without much notice. A 400 billion emergency cash injection was no longer news. The Fed described it as a matter of normal maintenance. But thats not how it looked from inside the Fed, as the repo market melted down. + +&#x200B; + +It wasnt unusual for repo rates to rise about 0.3 percent in times of stress. In December 2018, for example, the repo rate spiked dangerously during the market turmoil that prompted Jay Powell to reverse the normalization process. At the time the rates had jumped alarmingly high, from about 2.5 percent to over 3 percent . Nobody was expecting that much movement in September, when markets were tranquil, unemployment was low, and the economy was growing. The New York desk sent an alarming dispatch repo rates continued spiking, they would hit five percent that day. Nobody knew what was going on, this was the kind of repo rate that signaled a market panic. But there was no discernable reason for a panic. No bank had gone bust, no nation had just defaulted on its debt, and no major news had come out of a central bank . The analysts in New York were trying to get a handle on why the rates were spiking. It quickly became clear that the turmoil was not a fluke. The market was deteriorating. Lorie Logan who oversaw the New York Feds entire trading floor dispatched a message to Jay Powell , the repo market was seizing up, she reported , it wasnt stopping, and her team was simultaneously trying to understand the problem and come up with a plan to deal with it. + +If the repo rates did not immediately subside from 5 percent back into a normal range between 2.25 and 2.5 percent, they could precipitate a cascading series of failures on Wall Street. All those hedge funds, that used repo loans to pay their daily bills would be forced to find other ways to raise cash, and raise it quickly. This meant they would start selling off hard assets, like Treasury bills or mortgage backed securities . When too many people do this at once, it creates a "deleveraging" event, meaning that everyone is liquidating their holdings at the same time, which causes prices to crash. Logan and her team worked until seven in the evening on Monday to get an accurate picture of the repo market, the situation was very bad, the repo panic was not abating. But even more worrisome, it looked like the Feds Funds rate was about to rise above the level set by FOMC. + +On Tuesday morning Logan arrived early at the Eccles building to hold an emergency meeting with Powell, Logan presented the plan that her team had developed, if market conditions worsened, as the data seemed to predict, the Fed would be ready to act. That morning the price of a repo loan crossed 9.5 percent, this was the territory that caused financial meltdowns. That day the Fed initiated an unprecedented $75 billion into the overnight markets. That was just the start of a long bail out, which would later come to include massive new rounds of quantitative easing. When the Fed announced these measures, it used a lot of technical terms and talked about the whole thing as if it were a plumbing job. But this obscured and important reality. The money that the Fed unleashed was not a neutral force. It benefit some people and disadvantaged others. + +Between 2014 and 2019, the total value of "short" positions in the Treasury futures markets owned by hedge funds rose from about $200 billion to nearly 900 billion. The hedge funds found themselves obligated to make payments on their future contracts but had to pay more money to keep the repo debt rolling. When repo rates spiked in mid-September, financial analysts on Wall Street started hearing alarming stories. Certain hedge funds were very very desperate to raise cash and raise it quickly. Ralph Axel, an analyst with Bank of America captured the moment in a report published months later, his message was chilling. He pointed out that the hedge funds dependence on repo loans had doubled in a decade. If the repo market was closed off to hedge funds, then they would be forced to liquidate Treasury bills and mortgage securities at a level twice as large as the amount liquidated in 2008. Always understand Axel wrote, "The impact could be massive" The financial world faced a forced liquidation event that could be twice as large as that in the horrific crash of 2008, and this was all happening during the apparently sunny weather of an economic boom, when markets were not just stable, but rising. + +When the Fed entered the repo market on September 17, it bailed out any hedge funds that found themselves desperate for a repo loan. The going rate for such a loan was over 9 percent that day. The Fed offered such loans at 2.1 percent, using the money it could create instantaneously. The hedge funds could breathe. The repo market was once again available to them . It is difficult to quantify, financially, just how much money this was worth to hedge funds. They saved a great deal of money on the repo loan itself. But they saved a nearly incalculable amount by escaping the consequences of having entered basis risk trades that went bad. The Fed made sure the hedge funds did not need to liquidate their holdings. When the Fed announced its repo intervention. It didnt talk about hedge funds or basis trades or the fact that it was improvising a new system for controlling overnight loan rates. As the repo bail out continued over weeks and months, Fed officials like Powell and Logan talked about if as if it were a routine form of system maintanence. The Fed was trapped by its own past actions. It was committed to a level of intervention and money creation that would have once seemed wildly improbable. This is what it took to keep basic market functioning. + +Robinhood: + +Robinhoods platform was made to look like something that democratized high finance, moving riches of stock trading from Wall Street to the family living room. But Robinhoods business model was dominated by the same big players that already operated at the peak of financial power. The people who traded on Robinhood were not the companys real customers. Its real customers were big hedge funds and trading firms like Citadel Securities. Robinhood might have organized all the trading through its app, but the trades were actually executed through Citidel. These firms paid Robinhood millions of dollars for the privilege because it allowed them to see what people were buying then make trades based on that information as they filled the order. This was called Payment for order flow. Robinhoods cash from order flow more than tripled from the start of 2020 to the same period in 2021. Its unclear how much money Citadel earned from the arrangement, because its privately held. Market swings were hard to predict, but Citadel had a good view into how things worked at the Federal Reserve. In 2015, the company hired Ben Bernanke to be a senior advisor. +Title sums it up, the real estate market is extortionately high, and as a 22 year old I don’t look forward to the near future. + +Right now I’m just investing in some form of stable assets, I.e. gold and some blue chip stocks, but I’m also putting a fair share into crypto and penny stocks and have been pretty happy with the results so far - 40% up on penny stocks in total (a lot of red but meme stocks helped out, now the sea of red is diminishing), cryptos were pretty solid - 100% before May, now 90% + +Any insights/info/opinions/advice? +I’m almost 20 and I have $25,000 in a savings account that I have been saving. I have a good paying job making $3,250 a month after taxes and I’m able to save about $1,750 of it. I’m wanting to start investing in stocks but I don’t know how I should start. Should I put in a certain amount monthly? How should I diversify (Individual stocks, ETFs, Mutual Funds)? I just want to retire as soon as possible and as comfortably as possible lol. +I'm after some advice as I feel really stuck, as in not knowing how to move forward. I get I'm in a good/ fortunate position but would appreciate any advice you can give. + +Will try keep it succinct. 37yo single mum of 2 young teenagers. Nurse earning approx 75k. Will continue going up as I'm still RN2. My dad gifted me the house I live in about 8 yrs ago (rented it off him for 4yrs prior), 10 min from Newcastle CBD. Dad sadly passed 4 yrs ago and I was left about $350k. + +I got a financial planner pretty quick and invested most and had to live off some of it while I finished my degree. There's now approx $280k. I'm a bit financially illiterate. Don't know what it is... I can read about it all, but still not quite understand. Been hanging around here for quite a while so at least a tiny bit has absorbed! + +I'll cut to the advice bit... the house I live in needs a lot of work - probs 80k to make it even rentable. Small block - 270m2, two very small bedrooms but I love the area. I have trouble keeping up with maintenance and have considered using the remaining investment to do a full reno, add another bedroom and pretty much make it super low maintenance. + +A family member is trying to push me very hard to do the minimum with the house, sell it and downsize to a small 3bdr town house. Which would end up being around the same living space anyway. I want to leave my girls in a good position like my dad did for me and feel like owning a free-standing house will help that along. And I'm kind of attached to it. + +Ultimate goal would be able to do the house up, rent it out, live in a smaller low maintenance town house or similar with my girls but I don't know if that's even possible money wise. I've pretty much had my hand held my entire life and am afraid to make any big decisions. I know it all sounds a bit entitled but I've been trying to not spend away my dads hard earned money and worked away doing a degree to make him proud. Never too late I suppose. + +What would you do if you were me? +There seems to be so many offers all the time for cash backs for refinancing. Often 2-4K. + +If you do this like 3-4 times a year that might be $10k knocked off your mortgage in after tax dollar (which might be equivalent to an extra $20k in pre tax salary pa) + +What is the flaw in this logic? Why shouldn’t i do this? +So my son was a bicycle courier guy for a door to door grocery delivery company in Sydney. A couple of months ago, they really started hammering him with work for 2 weeks solid. Literally on pay day they announced they'd gone broke - he's owed something like $1800 in wages. They obviously knew the game was up, and decided to run him and his fellow couriers in to the ground, in order to make as much as they could. He has been given some paperwork to make a statement of claim, but I'm not entirely confident he's going to end up with much. Any advice ? Thanks ! +I’m in my late 20s, and have saved and invested most of my money since graduating. I’ve been thinking of spending some more on myself while I’m still young and healthy, however spending doesn’t come naturally to me as I’ve saved for most of my working career. + +I thought I’d ask here would you people would recommend going ahead and spending the money on? What things/hobbies/experiences/everyday items do you not regret spending on/not skimping on while on your way to FI? + +Disclaimer: please do not turn this into a flame war. Responding to a candidate’s election is a different topic than one’s opinions on the candidates themselves. Part of the reason why I’m posting this question here is cause I’d expect folks of the types of success relevant for FatFIRE would have a good sense of the relative decorum as well, so please don’t prove me wrong. :) + +Curious for how folks are planning ahead for the outcomes of the upcoming election, one way or another. Are folks adjusting business plans? Investment plans? Probably not planning on changing much since it won’t make for that much of a difference/have enough liquidity to not really care? Interested in seeing people’s perspectives here. +This person has done nothing illegal or immoral unlike his persecutors who wish to silence him at any cost. Is this America? Do we not have guaranteed freedoms by the US Constitution including the First Amendment- Freedom of Speech! The social media platforms used by this individual have not banned this person for rules violations, as there have been none, yet the wealthy elite in the US have decided that they don’t like cats or a stock and therefore this talk must be silenced. Rest assured though, you can’t hide from the internet. We see you, the world sees you. #FreeDFV +**The Chart Never Lies.** + +Watch the price action watch your support & resistance levels and watch traders biases and emotions. + +Wait, What? + +Dip Buyers Breakout Buyers Momentum Traders Short Sellers. Chasers. + +Know where Dip Buyers are going to come in and where they are going to panic and sell. + +Know where Breakout Buyers are going to buy and where they are going to panic and sell. + +Know Where Momentum traders enter the picture and where they are going to panic and sell. + +Know Where Short Sellers are going to short and where they are going to panic and cover. + +Trade accordingly. + +**just my two pennies' worth** +Hey guys, re-posting this here cuz someone cross posted it with a crap title and no one is seeing it. + +All credit due to the OP: u/c-digs **\~EDIT\~** who was apparently banned from r/Superstonk for reasons unknown. I have contacted the mods and @ them in the comments below. Feel free to do the same if you have followed u/c-digs work over the past few months as I have. + +**EDIT 2:** I think the mods are looking into it, so maybe dont blow them up with the same question over and over. Will update here. + +Link to original post [here](https://www.reddit.com/r/GME/comments/napco9/srocc2021004_finalizes_this_week_is_this_the/) + +**TL;DR:** + +1. Some [OCC members](https://www.theocc.com/Company-Information/Member-Directory) (Citadel, Virtu, *and* **Robinhood** If you are not out yet, you better get out ASAP are members...) are about to fail +2. When they fail, OCC seizes the failing members' holdings as collateral to get a loan to keep everything from collapsing +3. Then OCC needs to sell those holdings at auction to pay that loan back +4. To get the best return at auction and minimize their own exposure (paying out of their own funds), OCC needs more bidders +5. To get more bidders, they relaxed the qualification requirements for existing members and non-members in SR-OCC-2021-004 on March 31, 2021 +6. This rule change is set to go into effect **this week** and sets a path for a more controlled wind-down of a defaulting member and decreases volatility in the wake of a collapse and therefore, SR-OCC-2021-004 could be seen as a prerequisite (to the margin calls that will start the squeeze) by many parties such as the OCC and SEC and even Berkshire and BlackRock. + +\---- + +[SR-OCC-2021-004](https://www.sec.gov/rules/sro/occ/2021/34-91445.pdf) ("OCC-004") was filed on **March 31, 2021:** + +[SR-OCC-2021-004 filing date](https://preview.redd.it/021dvxnjhqy61.png?width=660&format=png&auto=webp&s=6663939bc93f7f3d7b478333a5a006453141326d) + +With a date of effectiveness **45 calendar days** after the date of filing. + +[See page 12 of SR-OCC-2021-004](https://preview.redd.it/tg7pscblhqy61.png?width=672&format=png&auto=webp&s=5ebd003381658ffad1f560b64a80e428919b9c3b) + +That would put the date at **May 15, 2021** or this Saturday. + +One of two things will happen in the next two days: + +1. It will go into effectiveness sometime between now and Friday (May 13, anyone?) +2. It will be postponed with an objection as we have seen with both SR-OCC-2021-003 and SR-NSCC-2021-002 in which case it will be pushed out **90 calendar days** to potentially either **June 29, 2021** or **August 13, 2021** depending on whether that's an *additional* 90 days or a cumulative 90 days (thanks [u/rockitman12](https://www.reddit.com/u/rockitman12/)) + +[On April 5, 2021, I wrote the following](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/): + +[My closing thoughts from that earlier post; my only regret is not selling covered calls! I had a very strong sense that NOTHING would be allowed to substantially move the price of GME until OCC-004 was in place.](https://preview.redd.it/plngaeemhqy61.png?width=696&format=png&auto=webp&s=0890324159061f58cec710b50deac6d57b4ba8e6) + +For those that have not followed my posts in the past, the OCC is the **Options Clearing Corporation** which functions similarly to the DTCC except its for options. My thought is that **OCC-004 is a critical piece of the puzzle** to prepare for the first major margin calls that will initiate the squeeze as it opens up the asset auction qualifications and procedures once an OCC member defaults as a result. + +The reason why this is important is **market stability** and I believe that this is one of the reasons why we have been trading sideways since March 16th: + +[Two notable bands where we've been trading for two months now.](https://preview.redd.it/v4ch3c5ohqy61.png?width=1634&format=png&auto=webp&s=a2f6379a3864d9bd664c9f9e587c49ea1470fcb1) + +It is also likely one of the reasons why many big players like [Berkshire](https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-sells-stocks-reduces-buybacks-q1-earnings-2021-5-1030373389) and BlackRock are moving into cash heavy positions. + +When an OCC member -- ***like Citadel*** \-- fails, the member's assets are used as collateral to obtain **immediate liquidity** to keep the markets and OCC functioning. These assets are then auctioned off to recover the funds used to inject that liquidity. The thinking is that the more bidders at auction, the more likely it is that the assets will be sold closer to market value and prevent a market-wide collapse of asset prices (this is kind of already happening these past two days...). + +[Key lines on page 7](https://preview.redd.it/z6knyk5phqy61.png?width=584&format=png&auto=webp&s=d3e961bfe0d7530b4b38d98c490ca296e24b0beb) + +It also minimizes OCC members' exposure to that default if they can recover more cash through the auction process. [Remember, OCC members include: Bank of America, Charles Schwab, Citadel, Credit Suisse, Deutsche Bank, Goldman Sachs, Interactive Brokers, JP Morgan, Robinhood, TD Ameritrade, UBS, Vanguard, and many others](https://www.theocc.com/Company-Information/Member-Directory) who don't want to pay for the mistakes of a few of their members. + +Additionally, the changes in OCC-004 result in ***non-OCC members*** having an easier path to bidding at auction (remember: firms like Fidelity, Berkshire, and BlackRock are **NOT** OCC members) as part of this process to qualify more bidders. + +[Pages 4 and 5](https://preview.redd.it/5n2f2moqhqy61.png?width=604&format=png&auto=webp&s=728ccb0f279f6e7e1ee6443a93ea689d05840632) + +My conjecture is that all of DTCC, OCC, and SEC those "postponed" closed-door meetings? have been buying time to prepare for the fallout of the squeeze so what we see with the price manipulation around GME is not solely due to the action of the shorts, but all of the key market players as a whole to contain this fallout from potentially multiple members of DTCC and OCC failing. + +The recent actions by Bezos and Gates may also be related as they seek to protect their own equity and prepare to feast on discount assets at auction. + +To watch for this regulatory activity, check here: + +* SEC What's New page which is updated daily usually after noon: [https://www.sec.gov/news/whatsnew/wn-today.shtml](https://www.sec.gov/news/whatsnew/wn-today.shtml) +* SEC OCC Rulemaking page: [https://www.sec.gov/rules/sro/occ.htm](https://www.sec.gov/rules/sro/occ.htm) + +Are we guaranteed to launch immediately after OCC-004? No. But I think that the likeliness of launch *feels* imminent with the multiple incidents we are observing this week, the market pullback, and the sudden rise in overall volatility. I think it will also depend on how far along they are with their pool of bidders. + +FAQ + +**Q: Should I get out of Charles Schwab, TD Ameritrade, or E\*Trade?** + +While they are all members of OCC, unless they are exposed to GME/AMC shorts, they are likely going to be fine. The problem with Citadel and Virtu is that their sister trading firms are highly exposed in GME and AMC short positions. Robinhood as well. + +Citadel is additionally exposed through their market maker status and creating naked shorts as part of market making. + +This is also likely one of the reasons why the margin requirements for AMC and GME are now going through the roof on all trading platforms. + +**Q: Will we get paid?** + +The whole point of that liquidity is in anticipation of having to continue to fulfill buy/sell transactions. Without that liquidity, the market seizes up. You will get paid; DTCC and OCC will use those loans to pay obligations and then dip into their own funds. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +Original Article: [https://www.bloomberg.com/news/articles/2021-04-07/dimon-says-fintech-and-big-tech-are-here-as-banks-lose-ground](https://www.bloomberg.com/news/articles/2021-04-07/dimon-says-fintech-and-big-tech-are-here-as-banks-lose-ground) + +Jamie Dimon said he’s optimistic the pandemic will end with a U.S. economic rebound that could last at least two years. + +“I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the U.S. economy will likely boom,” the [JPMorgan Chase & Co.](https://www.bloomberg.com/quote/JPM:US) chief executive officer said Wednesday in his [annual letter](https://www.bloomberg.com/news/terminal/QR6VNCMEQTXC) to shareholders. “This boom could easily run into 2023.” + +Unprecedented federal rescue programs have blunted unemployment and averted further economic deterioration, according to Dimon, who said banks entered the crisis strong and able to help communities weather the storm. While lenders also benefited from U.S. stimulus, they built up buffers against future loan losses and performed well in stress tests, he said. + +Dimon also pointed to U.S. consumers, who used stimulus checks to reduce debt to the lowest level in 40 years and stashed them in savings, giving them -- like corporations -- an “extraordinary” amount of spending power once lockdowns end. The latest round of quantitative easing measures will have created more than $3 trillion in deposits at U.S. banks, a portion of which can be lent out, he said. + +It could all add up to a Goldilocks moment, according to Dimon, where growth is fast and sustained while inflation ticks up gently. Threats to that outcome include virus variants and a rapid or sustained jump in inflation that prompts rates to rise sooner. + +At 65, Dimon is the most prominent executive in global banking, serving as a spokesman for the industry while leading a titan of both Wall Street and consumer lending. He’s run the company since the end of 2005, and is the only CEO still at the helm after steering a major bank through the financial crisis. + +The 65-page letter (plus a page of footnotes) is Dimon’s longest yet, following last year’s abbreviated one that came less than a week after he returned to work from emergency heart surgery. As always, it is wide-ranging, touching on topics from financial regulation to China to inequality and institutional racism. + +### Competitive Threats + +Dimon, who built the biggest and most profitable U.S. bank in history, also warned shareholders that his industry’s disruption by technology is finally at hand. Shadow lenders are gaining ground. Traditional banks are being consigned to a shrinking role in the financial system. + +“Banks have enormous competitive threats -- from virtually every angle,” he said. “Fintech and Big Tech are here… big time!” + +[Read more: Why Fintech Battles Ahead Are About More Than Banks](https://www.bloomberg.com/news/articles/2021-03-02/why-fintech-battles-ahead-are-about-more-than-banks-quicktake) + +The letter expands on predictions Dimon has offered for years, this time declaring many of those threats have now arrived. Financial-technology firms are more formidable, offering easy-to-use, fast and smart products, he said. Shadow banks -- a group that includes investment funds and online platforms offering financing to companies and consumers -- are winning market share too. + +Those groups have outpaced the growth of banks by some measures, often thanks to less regulation. They have also done “a terrific job in easing customers’ pain points” with slick online platforms, he said. + +“While I am still confident that JPMorgan Chase can grow and earn a good return for its shareholders, the competition will be intense, and we must get faster and be more creative,” the CEO wrote. “Acquisitions are in our future, and fintech is an area where some of that cash could be put to work.” + +As with previous annual letters, Dimon touched on geopolitical issues. On Brexit, he said that uncertain financial regulations coupled with political pressure may lead to a “tipping point many years out when it may make sense to move all functions that service Europe out of the United Kingdom and into continental Europe.” + +Dimon mentioned China more than 30 times throughout the letter, predicting it will probably overtake the U.S. in the next 20 years as the biggest economy and financial market. He lauded China’s growth over the last 40 years but said the country will have to confront serious issues in the next 40, including pollution, corruption and inefficiency. + +“China does not have a straight road to becoming the dominant economic power,” Dimon said. “For the near term, if China and the United States can maintain a healthy strategic and economic relationship, it could greatly benefit both countries – as well as the rest of the world.” + +He also touched on the bank’s future need for real estate, expecting it to drop significantly as remote working outlasts the pandemic. The bank could require some 60 seats for every 100 employees as some staff work under a hybrid model, he said. The lender still intends to build its new headquarters in New York City, he added. + +Despite a warning just two days ago from Senate Minority Leader Mitch McConnell that corporate leaders should refrain from taking stances on divisive political issues, Dimon waded into areas including immigration, health care and education. + +“Our problems are neither Democratic nor Republican -- nor are the solutions,” Dimon wrote. “Unfortunately, however, partisan politics is preventing collaborative policy from being designed and implemented, particularly at the federal level.” + +### ‘Terribly Wrong’ + +For all the brightness in his economic outlook, Dimon found cause for far darker laments. + +The pandemic has thrust profound inequities and their devastating effects into the spotlight. On issues such as health care and immigration, people have lost faith in the government’s ability to solve problems, he said. + +“Americans know that something has gone terribly wrong, and they blame this country’s leadership: the elite, the powerful, the decision makers -- in government, in business and in civic society,” he wrote. “This is completely appropriate, for who else should take the blame?” + +That fuels populism on the right and left, he said. “But populism is not policy, and we cannot let it drive another round of poor planning and bad leadership that will simply make our country’s situation worse.” + +The CEO even put it in economic terms: He estimates wide-ranging “dysfunction” has cut a percentage point off the U.S. growth rate. He suggested studying solutions abroad, pointing to apprenticeship programs in Germany, health care in Singapore and infrastructure in Hong Kong. + +Dimon also reiterated a call for a national Marshall Plan, referring to the U.S. effort to help Western Europe recover from World War II, to address the structural challenges behind the country’s racial and economic crises. + +“Fixing America’s problems is going to take hard work. But if we divide them into their component parts, we will find many viable solutions,” he said. “With thoughtful analysis, common sense and pragmatism, there is hope.” +Important disclaimer: NOTHING is going to happen on this date. It is just a milestone that I calculated and that I wanted to share. This date will also change when GME releases new financial reports. + +[Chart showing 50% 75% 100%](https://imgur.com/a/E0SuVA4) + +There are many great posts about “locking the float”, but sometimes these posts can be confusing. “The Float” depends on factors that can change, like insider and institutional shares. I decided to calculate a date using data that is more predictable and reliable. + +And while this date is not important, having more than 50% of outstanding shares direct registered represents a significant turning point for GME. In the past, the majority of shareholders did not know if their proxy votes were being counted (Naked Short and Greedy - Dr. Trimbath). Today, with all my shares direct registered, I know my votes will be counted. + +Each GameStop shareholder direct registers for their own personal investment reasons. But I believe the majority do this because they have no confidence in the fairness of America’s financial system and the integrity of its players. With more than 50% direct registered, shareholders like me have sent an important message that we do not trust having our shares traded through the DTCC. + +Having 50% direct registered could also give the GameStop board more power. Some corporate actions, such as mergers, acquisitions, or other reorganization, often require a shareholder vote. When 50% or more shares are direct registered, the board will have greater confidence that they will receive the votes necessary to approve more actions. + +I’ve been HODL’ing GME shares since December 2020. I have full faith and confidence in Ryan Cohen and the GameStop board to steer my company in the best direction. Whatever decisions they make, I am here for the long-term. However, I’m excited that, with 50%+ shares DRS’ed, they could have the votes needed to take stronger corporate actions. + +TL;DR: BUY, HODL, DRS 💎🦍🖐🚀🚀🚀 +I am a graphic and UX designer with 15 years of direct experience developing web 2.0 products for a fortune 100 company (and have Product Ownership experience). I have consulted previously with clients all over the world. UX design is my jam *— but I need the bread*; this is where **apes** must come in. + +[The original post is here](https://www.reddit.com/r/Superstonk/comments/rk1hv9/once_reddit_ipos_i_want_to_reimplement_it_but_i/hpb1zlq) + +**I have gotten a few requests to help out and also many who wish to be a part of it.** Obviously we can't continue here, so comment on this post and if there is indeed enough interest, perhaps we start a Discord and talk next steps to create a Web 3.0 Dapp. *Or let it die in new —* *It's up to you folks!* + +Note: I am having a hard time getting a hold of u/dit-k and that's alright, maybe they're just busy. + +***Edit: We have 80 people who have joined the Discord so far with lots of ideas being shared. It's awesome to see ideas melding and direction forming*** +So I am sure I am not the only one who started investing in Feb and likely lost almost half their portfolio buying just before correction/crash/selloff on plays like AITX, SNPW, PVDG, OZSC, HMBL, BB and the list goes on. + +I was curious about newer plays that seem stronger at the moment compared to the plays I am bag holding + +For example EEENF is a stock I feel like at the current moment has way bigger prospects and good odds of making big money. + +I was thinking of selling all my bags from the above stocks in the red and transferring into EEENF + +Is this like really stupid? + +I feel like selling in the red will realize my 10k something losses but the 2-4k I have left I can put into EEENF which in my opinion has a greater chance of making me profits in the short term so that I atleast can go back to those plays I sold in the red and buy them now again. + +Ofc worst case scenario is EEENF flops and so me selling in the red for the above stocks means I won't ever get that money back but I doubt they don't find oil based on results they are producing but still have to account for all possibilities. + +But lets ignore EEENF for a sec, is it ever smart to sell in the red your other stocks if you feel like you have found another stock that can potentially make you more money? + +Like their are other plays that I am liking more than the AITX,SNPW etc... Such as IMTL for example but this stock is also in the red and isn't as strong as EEENF so selling my bags in the red to get more shares of IMTL would be dumb but that's not true for EEENF. + +This is a casino so what do I know +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I’m curious if those who have actually retired early created some sort of two-year plan, five-year plan, or something like it with retirement as an end-goal? A common question here is “do I have enough?”, etc. and I’m curious if those that created a concrete plan were able to make the retirement decision more easily. + +If you made a plan and used it to guide your early retirement timeline, what was it like? What kind of milestones did you include? +Have the ability to invest (on a fee free / carry free basis) in the latest fund my employer is raising. + +I have heard from a number of people in the space that banks offer leverage to employee co-invest in funds (either at an individual level or at a employee co-invest feeder fund level), but none of my contacts are involved in setting that up and thus don’t know who the providers of leverage are. The ability to get 3:1 or 4:1 leverage on a ~2x moic fund (and with no personal recourse) would make the investment that much more appealing to me. + +Given this community’s background, was hoping to be able to pick y’alls brain to see what people’s experience has been. +As many have noted, we see those around us who suffer more from the downturn than we do. The Uber drivers, the normal folks who did not do direct deposit and thus have not yet received their stimulus checks, the self employed painters and gardeners in Michigan who were deemed to be "non-essential" work. + +How have you changed your behavior to take care of these other living beings, be them human, animal or plant? + +But let's stop at plant. + +Viruses we should not protect. + +Feel good stories please! +I am young and still live with my parents but I may be moving out soon. My plan was to buy a multi family property, perhaps a duplex or triplex. That way, I can rent out the other living spaces and have my tenants pay my mortgage for me. With that being said, why would anyone ever want to buy a single family home instead of a duplex or triplex? + +Are there any advantages to buying a single family home over a duplex? Because I simply can't see any good reasons as to why this would be superior over buying a duplex/triplex. Yet, everyone I know (family) all have bought single family homes instead of duplexes and I have no idea why. + +A duplex is cash flowing while a single family home is not. So why would anyone ever want to buy a single family home? +I have 400k in cash and can borrow upto a million for investment. Primary home is in Austin, two SFR rentals in Phoenix. I am primarily interested in class A properties in middle class neighborhoods with high quality tenants in cities where I know cash flow is poor. Goal is capital preservation or growth/appreciation, not high cash flow. I will be paying down the mortgages as fast as I can. + +We've picked some cities we are familiar with through work and friends. + +1) 2x 500-600k SFRS in Fort Collins/Longmont, CO +2) 1x 1M SFR in Fort Collins/Denver, CO +3) 2x 500-600k SFRS in Portland, OR suburbs +4) 1x 1M SFR in Portland, OR suburbs +5) 2x 500-600k SFRS in Austin, TX suburbs +6) 1x 1M SFR in Austin TX suburbs + +Which one would you pick if you had the same goals as me? We will want somewhat turnkey properties as we will be using property managers and cannot travel often to undertake major renovation. + +Also open to other city suggestions with booming populations like Raleigh, NC. I have never been there or much to the east coast so I'm not considering them unless they have a clear advantage. I do want to diversify in a somewhat blue state even though I know tenant protections are strong. +i haven’t bought anything since rates were below 3%. i kinda want to but see prices are coming down. are seasoned folks waiting another 6 months? i’m looking for long term rental properties. i haven’t done the math but am wondering is it better to buy and rent knowing the property value may tumble further, or is it better to wait 6-12 months for price stabilization and then buy. +Is this normal or unique give to current economic climate? Located in A/B community. It is difficult enough to get cash flow in this market as is due to increase purchase price. Increase in property taxes also isn’t helping. + +[https://imgur.com/a/oEPM7kM](https://imgur.com/a/oEPM7kM) +My fence is dilapidated and needs some form of replacement (or serious repair). It is an eye sore to an otherwise nice, single-family home in a reputable neighborhood. I believe it is a poor financial decision to replace the fence at $10k+. I would love any suggestions r/realestateinvesting can offer. + +Thank you kindly. +I got a real unfortunate call a couple days ago that my first rental property suffered a tremendous fire. It's a duplex style townhouse with a garage on the side. The garage is now completely charred and gone and will need to be replaced in full. Parts of the house caught on fire too. The chimney had flames going throughout the interior and exterior. The fire department has determined the cause to be an electric fire from an outlet in the garage. + +After getting a call from the fire department about it I immediately opened a case with my insurance company and they've already sent an inspector and are now seeking to find who is at fault with this. I have a licensed real estate developer lined up who will rebuild the garage and renovate all the damages. I have most of the bureaucratic stuff in order at this point. + +Just about the only positive part of this is no one was hurt. My tenant wasn't at the house when the fire began and they had renters insurance so they lost a bunch of belongings but they'll be able to replace it all. + +I'm so worried right now about the money though. I feel like there's no way I don't lose money through this whole scenario, and I've only had this property a couple years now. Is there anyone else whose been through a similar situation that could tell me what to expect as far as compensation is concerned? Will I really be given enough money to cover the estimate my renovator is coming up with? I'm so used to getting shortchanged in life that I have trouble believing I'm not going to be taking a loss here. I went through a lot of effort initially to get this place running smoothly and this really is devastating to me. +My brother and I have been talking about and looking into investing in properties for over a year now and I think our opportunity has arrived. We're considering cashing in our retirement accounts and putting a down payment of apprx. 20k for an 80k triplex (in an urban area within walking distance of downtown, a university, and a community college). Triplex currently pulls 1100/mo, however that's with two units occupied and a third unit, one bed one bath, vacant. Loose math tells me itll generate roughly 1600/mo when the last unit is rented, with a mortgage of 600 give or take. We need to open an joint checking account and will likely go the LLC route with the property, though we haven't taken any action yet and I'm just looking for general advice/direction. Should we file for the LLC first, before making the offer? Is there a rough order of operations we should do this in? Any advice is helpful as this is our first investment property (though we each ownbour own home). Thanks in advance all! + +EDIT: its worth adding we're both in our early 30s, so cashing in our retirement for potentially larger cash flow a deacde down the line doesn't feel as risky as it could if we were 20 years older. Also, long term the idea is to rinse and repeat, adding more units to our portfolio as we're able +My current insurer raised the insurance premium by about 37% this year upon renewal . When I inquired about the spike , I received a generic email mail about rising costs etc ... +What do you guys recommend to obtain quotes for 3/2 SFH in Memphis , TN. I’m an out of state investor . Any recommendations/tips appreciated ! +I realize this is probably "in the weeds" for all those except the few out there in a similar situation as we are: Those retired or retiring in their 50s with a sizable Social Security balance...and trying to figure out how much to add to the 3.5% (or 3.25%) safe withdrawal rate (SWR) we apply to our net investable assets exclusive of the SS. The purpose of this post is to share our approach and see if others have any other methods they might find useful. It probably also goes without saying that poking holes in our thinking is fair game and appreciated :-). + +Some stats: + +\>>M/57 and F/52 retired early 2019 + +\>>$1.9M net worth + +\>>$1.6M Investable Assets (which we use to calculate our SWR...the remainder of NW being our home which we own outright). + +\>>$75k/yr (today's dollars) Expected Social Security at m/70 f/65 with net present value (NPV) of $1.2M. + +\>>30 year horizon. (Our plan is to make certain that the surviving spouse will have paid for home, $43k/yr SS + residual portfolio which will not allow to dip below at least a few hundred thousand dollars. + +\>>We plan to recalculate our SWR annually with a strong commitment to reducing spending if our investable assets drop substantially. We are in a fortunate position in that we would be ok with 75% of our current budget if conditions required it. This does allow us to take on a bit more risk in choosing a SWR. + +If you retire very early, the SS doesn't add much to your SWR. If you retire later, you can just add your SS benefit you're already receiving to your SWR. But we're in the middle, where we have to span 13 more years to SS but want to work out a SWR that will be fairly flat for our entire retirement (though it will be funded mostly from our investments for the next 13 years and mostly from SS after that). + +We've used three methods to perform these calculations. Interestingly, they all tell a similar story (which I guess is good). (Of course we're bracing for any possible cuts to Social Security...and will adjust accordingly. But every year that goes by seems to make it more likely the changes won't affect our demographic...or if so, not much. I'm not of the opinion it will be politically feasible to just apply a 25% or whatever cut to those on SS or those close to receiving it.) + +Here's what we used for SWR to reach our $105k budget for next year: + +1) Backing into SWR via trial/error on [Firecalc.com](https://Firecalc.com). This method yields a SWR of around $95k (5.9%) flat or $105 to start backing down to $85K in the out years. (The "success rate" we were shooting for here was 95%+. This seems comfortable in that we're ready to reduce our budget as soon as next year if the market dips.) + +2) Using the NPV of our Social Security account ($1.2M) as additive to our Investable Assets ($1.6M) and applying 3.5% = $98k SWR. (I realize the SS account underperforms bonds in terms of asset allocation on average, though by pacing inflation it's actually currently significantly outperforming any "safe" bonds or other fixed income investments. Still this probably suggests that this estimate is a little high and a somewhat lower SWR should be used. + +3) ERN's tool. ([https://earlyretirementnow.com/2017/07/19/the-ultimate-guide-to-safe-withdrawal-rates-part-17-social-security/](https://earlyretirementnow.com/2017/07/19/the-ultimate-guide-to-safe-withdrawal-rates-part-17-social-security/)) It also yielded the most generous SWR of 6.3% when we calculated it last year. ERN show three levels of risk. The lowest level resulted in 5.4% SWR, the middle 6.3% and the riskiest 6.8%. We used the middle and that works out to around $104k SWR. (Note: ERN's shortest retirement period was 40 years, which we used.) + +We're at the higher end of these estimates with a $105k budget for 2021....but feel that's offset by the fact we're not locking in a spending number for more than a year. We plan to 100% start over determining our SWR for 2022 with effectively no minimums. This also will effectively stretch our retirement horizon to a new 30 years each year, adding safety. + +Any other tools out there you're using? Are we looking at this wrong in any way? It's not too late to lower that budget for 2021! :-) +Hey Everyone! + +Ever since I went down the rabbit hole back in January and starting reading all the DD and doing some research of my own I was inspired to attempt to help in any way I could. + +[https://www.youtube.com/watch?v=yakpRq\_lPxg](https://www.youtube.com/watch?v=yakpRq_lPxg) + +I think I ended up finding something I could offer. That is a place, monetization free (seriously)(we actually give away a Gamestop gift card every once in a while and will be doing so this week\*\*($125)\*\* for anyone to join and watch some hype videos together and jam out to the ticker with hype sprinkled in throughout the day. + +Join for the daily pre-market hype show or come by at 3:00 PM EST for the power hour show! Or hang out during the day in zen and chat with fellow apes! + +Most of all, don't forget to DRS! + +Thanks to everyone who has been a part of the adventure together. It's been an absolute blast with all of you! + +I'm just a guy working from home with the ability to run the stream on an extra computer and I don't ever want to push any type of monetization. I'm doing this strictly for fun and have been getting so much out of it in terms of my daily happiness because of all of you! I can't thank you all enough. + +Cheers! and Happy HODLing! + +&#x200B; + +https://preview.redd.it/5hq1930fn7u71.png?width=2942&format=png&auto=webp&s=ec65562f3f587caf76353162c1f4e119a02cf626 + +🦍💜🦍 +The earnings revisions are starting to come in... + +[https://www.businesswire.com/news/home/20220725005841/en/Walmart-Inc.-provides-update-for-second-quarter-and-fiscal-year-2023](https://www.businesswire.com/news/home/20220725005841/en/Walmart-Inc.-provides-update-for-second-quarter-and-fiscal-year-2023) +As you guys have already heard from several reports, Citadel (the hedgefund that bailed out melvin capital for 2.5 billion dollars) and Robinhood have ties with each other. What they did this morning was they planned for Robinhood and other brokers to prevent retail investors from buying GME and other reddit memestocks knowing that would kill a lot of momentum. Before disabling the buy button for GME on platforms like Robinhood, they heavily shorted the stock when it was at its peak of around 500 and when the stock came crashing down back into the 100s, that was when they bought back the shares and earned back some of the losses. + +Right as the market closed at 4, they released the news that starting tomorrow retail investors will be allowed to buy GME and other memestocks again therefore causing the prices of these stocks to go up again. As momentum comes back and the prices surge to higher levels again, I'm willing to bet my left nut that they will short it again and then do some unethical shady shit to kill the momentum again to recover further from their previous losses. What shady shit might they do? I do not know, but its going to be something on the level of what happened today. They will keep on rinsing and repeating this strategy till they make back most of their losses. + +Now what can we retards do to counteract their strategy you may ask? SIMPLE!! When the momentum killer news comes out again YOU HOLD AND DO NOT PANIC SELL!!! Otherwise you will be selling your shares cheap to them for them to cover their short positions!! I am not a financial advisor but that is how i see it logically speaking. +Two years ago, I financed a Toyota RAV4 for 16k before taxes and fees (bringing my total loan to 18k). Eight months ago, I moved back to NYC and ended up paying an extra $150 a month to park a car that I never used. Not using it turned out to be an expensive mistake, as I just spent $600 replacing my brakes. The brake repair was a wake-up call. I *hate* driving in NYC and the public transportation is perfectly adequate. For as infrequently as I use my car, I could get a Zipcar membership or rent a car for trips and still come out ahead at the end of the month. + +The same day I left my car at the dealership, I posted a Facebook status saying that I was *considering* selling my car and was looking for advice. I immediately got a message from my best friend's boyfriend, who's looking to buy immediately. 24 hours later, he's agreed to buy it for my full asking price, sight unseen. The price is enough to cover the remainder of my car loan, the repair and servicing I just had done, and leave me with a tiny bit extra. I can't believe it was this easy. + +I'm a little sad - it's my first major purchase and I have a lot of great memories in that car - cross-country trips with friends, etc - but I've freed up an extra 500 a month in income and wiped out 12k of debt just like that. When I do decide that I need a car again, I will be in a much better position to buy outright. It hurts a little, but it's the right thing to do for my finances. It's just become dead weight and a source of stress to me here. + +edit: lol, this little mental fart made the front page. +So I've recently started investing in MFs via Kuvera and haven't had an issue with order placement until now. + +On Friday at 10:15 AM I put 10k in this fund called "Tata Digital India Growth Direct" and made the payment via UPI so as per their policy it is suposed to get placed on the same day itself. However it is still shown under pending orders. + +I'm unable to get to their customer service so I thought this sub would be able to help me out here with what I should do. + + + + +UPDATE: It got added today and is now showing in my portfolio. Failed attempt at timing the market but eh atleast it's here now. Thanks for all the help guys! +I think a community is a great place to start if one needs to build something powerful. I had a few ideas in mind + +1) Can we build a portfolio which has vetted by our community. A mutual fund of sorts run by reddit people here? + +2) Create our own cryptocurrency? + + + +I am wondering if they are any good. Looking for reviews from users. Thank you. + +Edit: Guys I am looking for the feedback on their paid advisory services. App is great no doubt. +Hello All, + +I am wondering how you all manage to track of all your investments, like when is any policy's date of maturity, policy numbers, account numbers, deadline to pay the monthly installments etc.? If you are using a spreadsheet, can you provide me a link to the template as well? +So, I was trying to get the FIRC or e-FIRC from IOB for an inward remittance transaction. + +But they told that they don't issue FIRC/e-FIRC for the purpose code P0802 that is related to the IT consulting. + +Previously, I got the FIRC for the same purpose code from HDFC bank. + +I'm wondering if there's any circular or rule from RBI that states that FIRC is issued only for purpose codes other than P0802? So that I can take help of it and/or direct the bank to that document. + +Thanks +I cant understand this phenomenon. The only related material news I found was that the Andhra Govt cancelled all orders placed before April 2019. That should not effect DBL because their main revenue comes from the central govt and their big state projects are in the Telangana. + +Does anybody know of anything which might be causing this? +Every day, the main indices (Sensex 30 and Nifty 50) have been growing around 0.5%-1% with very rare price corrections. + +What exactly is driving investors to buy in the Indian stock market like this? After all, many companies are facing stiffer competition from their rivals, there are price wars ongoing, and there is also debt sitting on a lot of publicly traded companies and banks' heads, especially several that are partly owned by the government. + +Did the index-moving companies announce great results for the Oct-Dec quarter? I mean, sure, GST has helped increase efficiency in the corporate sector, but then the market has been growing even much before that. +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +PS: Be friendly. Be civil. +I recently read a post about a Fee-Only Financial Advisor. I want to ask you people about Fee-Based Financial Advisors. Correct me if I'm wrong- A Fee-based Financial Advisor/Planner charges you a little fee and also gets some commission on the services he is selling (like MFs and Insurance). + +1. For someone who is 30-35 yrs old living in a Non-metro/Tier 2 city and earns 8LPA and manages to save 2L and has been investing in traditional instruments and now he thinks he finally needs a Financial Advisor. Since his annual saving is only 2LPA, he definitely can't afford a Fee-Only Advisor. + +2. Someone who is 25-28yrs old, just started working and saving 10k per month and he is looking for some financial advice. + +In such cases shouldn't they opt for a Fee-based Advisor? + +Also, I hardly saw any numbers when people are talking about fees. I know it can vary depending upon the city or AUM, but how much does a Fee-Only Advisor charge? Can you share your experiences with a Fee-based Advisor? How much does a Fee-based Advisor charge other than the commission? + +Thanks in advance. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +&#x200B; + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏆 [Computershare AMA #3](https://www.reddit.com/r/Superstonk/comments/z16nw3/superstonks_3rd_ama_with_paul_conn_president_of/?utm_source=share&utm_medium=web2x&context=3) + +# 💎🤝 [Help Revise Superstonk's Subreddit Rules - Start Here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/) + +>Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposal for discussion on revisions. + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +# 🚀 [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread/?sort=new) + +>Need some guidance with the Wallet, Activation, Buying/Sending/Receiving NFTS, or getting a cool wallet address? Join us here! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +I just received notice that my 2 kids are not eligible for Medicaid because I make $50 more a month than the eligibility. When I go to add them to my Affordable Health Care account the price increases $100! Now I’m making less than what I would be if eligible. +I’m 30, and after a year of being an intern, I’ve finally been promoted and will earn a decent starting salary in the tech field ($80k). I’m currently living w/ my parents and I’m paying almost ALL the bills, and other expenses: + +1) Cell: $193/mon (Family plan) +2) Internet: $124/mon +3) Car note: $443/mon (needed reliable transportation for work, family uses car) +4) Car insurance: $209/mon +5)Gas and toll: $380/mon (commute to work) +5) Water: $60-$70/mon +6)Food: $500-600/mon +7) Other expenses: $800/mon (money for dad; electrical products and gas for generator (currently living off grid), starting a garden for food +8) Mortgage: mom pays w/ SS check +* Honorable mention: I have a $13k student loan to pay back soon + +I know moving out closer to my job would be the best option b/c I know I’d be saving more taking care of myself. However, my mom (65) is retired (blew retirement money on dad’s “dreams”) and dad (57) is too stubborn and lazy to find a job (former “entrepreneur”). I’m worried about my parents taking care of themselves if I did move out. + +I honestly don’t know what to do. I’d hate for my mom to have to go back to work, but it’s also time for me to live my life. I hate to say it, but At this point, my parents are more of a liability than an asset. + +Any advice would be appreciated. +I mean, in theory, is there no limit to how high a stock can go if no one sells? If literally not a single share was sold would the price ever stop rising? +I am 31 years old and currently a travel nurse and have been for the past year. I have made a lot of money (for 2022 I have made about 200k so far with no OT). I have paid for my wedding completely, got a new car (modest 30k), and on top of all of that I also saved about 115k combined with what I had before traveling. I am super grateful for this life changing opportunity however there are a some downsides. I have to drive about an hour and a half each way three days a week, the places I go to absolutely suck so bad and I am completely miserable. It’s exhausting but doable for now for the money. + +I was planning on continuing to do this until the money dies down and then going full time at a local hospital (would probably get around 45/hr). + +Recently I fell into a full time offer with the federal government making around 100k base salary and it comes with amazing benefits and a pension. On top of that a LOT less stress, close to home and for sure a better work/life balance. It also gets great raises every year and if I get my masters I get even more money. + +I’m conflicted for a couple different reasons. This government position probably won’t be there when I want it when I’m ready to stop traveling and it for sure makes more than what I will make when I do stop, plus the federal benefits and pension. However I feel like I will have fomo missing out on the crazy money I am making now (that could stop literally at any time, for example I took a $40/hr pay cut in July than what I was getting all year). + +Would the government position with the higher pay (not compared to traveling), federal benefits and pension be worth it over the short term gains of traveling? I understand this is all opinions and at the end of the day its “my call”. I appreciate any advice! +Hello All, + +This is a throwaway account since I'm not comfortable talking about this on my usual handle. + +I am 26 years old and have been very fortunate to have invested early in a number of cryptocurrencies. One of them recently went up greatly in value to the point where if I cash out I'm at 73% of my 600k FI goal if I choose to convert it to fiat money. + +The currency in question has great potential for growth still, and it is not unthinkable that the value will double over the next 6 months. However there is always the chance it loses 90% of its value. + +I've never had to make decisions about this amount of money before. Part of me believes the value of this investment will go up, and part of me fears o lose it all. + +At the same time I'm conflicted about the fact that at age 26 I plan to be actively working for a number of years anyway, so even if I got very close to FI suddenly it would not change much. + +Any perspective is very very welcome, thank you. +Hello, Am finding myself in a positive position where my consultancy company (of which I am a permanent member of staff), has felt confident in increasing my day rate from £700 to £1100 a day. As a result, there is discussion planned to find out what I may be looking for in way of a salary increase. + +I was hoping for any advice on what I should be thinking about in knowing my worth comparable to that rate I'm being charged at and not just looking at the market for people in similar permanent roles to what I do. + +Thanks in advance + Zomedica Corp., a development stage veterinary diagnostic and pharmaceutical company, engages in the discovery, development, and commercialization of pharmaceuticals for the companion pet. Its lead drug product candidate is ZM-007, an oral suspension formulation of metronidazole for the treatment of acute diarrhea in small dog breeds and puppiesHeld by strong institutional holders like JP Morgan Chase & Company , Two Sigma Investments, LP Vanguard Group, Inc , and mutual funds like vanguard, USAA etc + +**Sixty**\-**seven** percent of U.S. households, or about **85 million** families, own a pet, so this is a huge deal it is currently at **157.652M** market cap easily go to 1 billion X10 in my honest opinion. Do your own due diligence, BNGO popped from 100m and would now at 500m easily going to 1bn. With so many incoming PRs/good news +A lot of you didn't learn your lesson from over-glorifying Elon Musk and Tesla and just transferred the sentiment to Saylor and Bukele. Remember Roger Ver? The amount of fanboys in class of 2020 is unsettling. Please fight the urge to idolize individuals with massive power and wealth. +I‘ve been in crypto since 2014 and I‘ve made the same mistake over and over again. In-depth research of a coin buy a decent stack and sell too early. + +&#x200B; + +I bought 400ETH at 4$ and sold at 35$ + +I bought 20,000REQ 0.1$ and sold at 0.4$ + +I bought 46,000ADA at 0.027$ in 2017 and sold at 0.1$ + +I bought 101,800ADA at 0.03$ in 2020 and sold at 0.09$ + +&#x200B; + +Sure I made profit all the way but never to its potential. I picked the right coin each time and my analysis was always spot on. I just couldn‘t hold onto it long enough. + +&#x200B; + +Not anymore. This is my last shot at a 100X with Crypto and I am more certain than ever. It's not really a moonshot as in a quick pump and dump, this is a legit project with world renown founders. Probably as big as Cardano if not bigger. + +&#x200B; + +I‘ve been following Elastos (ELA) since 2018. A friend of mine got in on the ICO and rode it all the way up to 90$+. I remember how he told me Elastos would change the internet. I couldn‘t get my head around it back then. + +&#x200B; + +I‘ve been dropping in on the community once in a while and while its always been active on all its channels ELA never picked up steam again until a couple weeks ago. It did 200%+ in the last month and its not stopping. 120% alone in the last 3 days. + +**Why Elastos?** + +* 3+ years of development +* Founded by Rong Chen (OS/Microsoft Veteran) +* Hybrid AuxPOW/DPoS Consensus Mechansim +* Deflationariy Coin - Maximum of 28mil ELA by 2105 +* Merge mined with Bitcoin (70EH/s+ of BTC's Hashpower) +* ETh Sidechain - Solidity Smart Contracts (500-1500TPS) +* Fully Decentralized P2P Carrier Network (Based on Tox Protocol) +* Secure Sandboxed Runtime Environment for dApps) +* W3C/DIF Compliant Digital ID's +* Credit Oracle for DID's +* Hive - Layer 2 Decentralized Storage +* World Economic Forum Innovators Club Member +* HECO x FilDa De-Fi Alliance +* Decentralized DAO (Cyber Republic) +* Easily port your project into Elastos' suite of technologies +* Feeds - Decentralized Twitter +* Hyper - Decentralized Messenger +* Profile - Decentralized Linkedin (released 1 week ago and waitlist open) + +Not sure what else to say, obviously do your own research and this is not financial advise, just based on my own research. + +Good luck all! +It seems odd that equities markets continue to rise while the fed is lowering interest rates. I always expected the fed would reserve this tool for times of economic stress, which we clearly don't have. Defenders of the current policy actions say that they are lowering interest rates because inflation is so low. So I thought why is this the case? + +While I am no Einstein, a thought experiment occurred to me while contemplating this odd situation we are in. Lets say the Fed/Govt minted a $1 trillion bill and gave it to an individual citizen, with no strings attached. How would this impact the economy? I would imagine that we would see what we see today. Most of that trillion would end up in bonds and equities, driving down interest rates, and driving the S&P higher... with little impact on inflation nationwide. Compare that to $1 trillion being created by the fed and issued via a one time ~$5000 stimulus check for every person in America. I have a feeling this would put major pressure on inflation, and interest rates would go up. + +Could this indicate that one of the problems with the current situation is that there is too much wealth concentration? And as soon as a robust wealth distribution scheme is put into place by US politicians it would unleash years of pent up, unrealized inflation? +Thinking about quitting my job, day trading full time... but not sure how much I'll need to save up to do so. + +&#x200B; + +What kind of capital were you working with? +Recently, I went to visit my cousins in NYC. I'm pretty close to them, one had a similar upbringing, interests, and savings as me, the other (M) had parents separate early, in debt, etc. + +M overcame his situation and is very educated, pursuing a PhD now. His siblings barely/didn't finish high school. All of his family has money issues, including him, but I always trusted him and felt he was generally more responsible and self sufficient (but still, spends a bit beyond his means). + +A few years ago, he asked for money to mortgage a house with his friends and I declined for multiple reasons. + +Anyway, I stayed with him and his family (small 2BR, he was sleeping on the couch and I slept on an inflatable bed in the middle of the living room) and talked with his sister (R) for a while. We were talking about how they live in NYC and it's pretty expensive and whatnot. I live in a low COL area and merely mentioned that I'd LIKE to retire early by like 55 or something and somewhat jokingly. + +However, a few weeks later my family comes to me asking if I said I had a lot of money to them and to be careful about it. As it turns out, that got very much twisted and R told their mom that I had enough money to retire by 45. They then went asking my mom for money since they thought I was very well off. My mom denied it, they don't even know how much money I have saved. + +Anyway, just a word of warning. This brought some tension into our family, so just avoid it no matter how close you think you are with them. +[https://www.cnbc.com/2020/08/27/powell-announces-new-fed-approach-to-inflation-that-could-keep-rates-lower-for-longer.html](https://www.cnbc.com/2020/08/27/powell-announces-new-fed-approach-to-inflation-that-could-keep-rates-lower-for-longer.html) + +*The Fed now “seeks to achieve inflation that averages 2 percent over time,” rather than 2% inflation as a fixed goal. What this means in practice is that:* + +*“following periods when inflation has been running persistently below 2 percent, appropriate monetary policy will likely aim to achieve inflation moderately above 2 percent for some time.”* + +When FED announced unlimited QE in mid-march, I didn't understand the implication of that and was still expecting for further market crash and reduced amount of my monthly investment. So would like to avoid the same mistake and analyze and discuss the implication of this major policy shift better. + +Questions + +1. Does this policy shift of allowing inflation higher than 2 % mean stocks are going to appreciate much more than expected before? Does this mean its prudent to invest now than wait for another corona related crash/Nov election crash? +2. What is the impact of this policy shift on other asset classes like bonds, metals etc compared to stocks? +3. If Biden wins, what are the chances that the new FED chairman appointed by his government reverse this strategy? +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. +Hello folks, SBS News here. + +We're keen to speak to investors who bought shares in the ASX when the market hit its lows last year. + +We're interested in hearing your experiences with trading the market over the past year - the good, the bad, and the ugly. + +Get in touch before tomorrow if you're interested. +So during the pandemic, ANZ had huge HUGE backlogs of mortgage approvals, to the point where some people’s deals fell over. This is their solution to it, starting with refinancers first. My first thought was “this is a terrible idea”, but then I thought - well, have the humans approving loans done any better with approving loans and duty of care? See: the mortgage broker who was adamant that a $20 charge from a fish and chip shop and the fact that my partner had 3 different home addresses in 3 years meant that we couldn’t get a loan (not true) and the bank lender who was adamant we could handle payments on a million dollar loan if interest rates went to 7% (I knew we couldn’t, so we didn’t borrow anywhere close to a million). + +What’s the sub’s take on this? + +[https://www.smh.com.au/business/banking-and-finance/anz-bank-goes-digital-in-automated-home-loan-push-20221207-p5c4gw.html](https://www.smh.com.au/business/banking-and-finance/anz-bank-goes-digital-in-automated-home-loan-push-20221207-p5c4gw.html) +Just got the email this morning. + +[pt1](https://i.imgur.com/MJbSqIo.png) +[pt2](https://i.imgur.com/0qUT9ON.png) + +I'm sure they will pass the savings onto consumers and discount the ongoing costs /s + +https://www.hcf.com.au/members/healthscope-hospitals + +Their communication above/url +So back in August last year the company hired two people to do the same job, same title, same responsibilities, reporting to the same person, etc... In terms of experience, neither of us had any commercial experience but I have a MSc, he has a PhD. The job did not require a PhD. So I always assumed he's paid more than I am, but reasonably more. + +I started making £30K alongside 30 share options per year which at current prices are worth about £2000. After 6 months I received a raise, bringing it up to 33K. I always thought this is decent (for North West England) and always considered it a very good opportunity for me. Indeed this is a really nice company, excellent offices, free parking, very good boss, unlimited work from home days, unlimited and auto-approved holidays, very good budget for training, first class train travel (when needing to visit London), etc etc... + +So a few night ago I had some drinks with the coworker and we discussed salaries, and all of that. He told me that he actually began at £85K with 200 share options (worth around £13.5K), but after six months he was placed on £95K with an extra 100 shares. I was speechless. + +I'm just shocked at how much more he is paid and he doesn't have any more responsibilities that I do. Don't get me wrong, I was expecting him to be paid more, but maybe 25-30% more, not 3x more in cash and 10x more in options. + +I was feeling great until I heard this, but now I feel unappreciated and I feel like I'm paid very low for what I actually do (given that both of us are basically doing the same job and having the same responsibilities). So what is the best, most reasonable and most professional course of action is for me to perhaps bring this up and seek a more fair compensation? +Good morning all, + +We're in a bear market. Inflation is rampant. We're out of FIAT. The British pound is crushed. Shit sucks. But that doesn't mean we can't still have some fun right? + +For those that were around at the beginning of the year, you might remember that I created this. The FOLIO OF HATE. I invested (yolo'd?) $100 into this subs most hated coins. Some coins are hated because of utility, some because of corruption, some because of the the shills. Whatever the reason, I decided to act on the theory that this sub can actually pick winners by investing into the ones that we all hate the most. + +So, $100 was invested on the same day to each of the ten coins/tokens. Here is how it has fared. + +&#x200B; + +[Ten Month Performance ](https://preview.redd.it/zwepqicl2qr91.png?width=1110&format=png&auto=webp&s=025d7b852b168e465c5d01af72ccb5292b13acd9) + +**Down 64% or $640 in ten months.** + +What about the individual results? Surely they're not all bad? Right? + +**Best performer:** USDT -0.08 % + +**Worst performer:** LRC -87.22 % + +**Surprise Performer:** BNB -47.36% + +&#x200B; + +[Individual Ten Month Performance](https://preview.redd.it/0xualugw2qr91.png?width=1123&format=png&auto=webp&s=a2e047267fa684483946edd1ff98402f056e7173) + +Despite the savagery of the capitulation and bear market, there are some interesting observations. + +Personal points of interest: + +* Binance is the best non-stablecoin performer. This could be connected to the collapse of other exchanges/lenders. It is the only non-stablecoin that is not down more than 50%. +* Despite the court issues plaguing Ripple, the XRP is still holding well comparatively. +* Investing in Dogecoin - was a better investment than top guns Solana and Cardano. +* Despite scamming millions, involved in court battles, and led by a corrupt CEO, Safemoon is not the worst performer. +* Tether - FUCKING TETHER - is still the folios best performer. +* The value of the folio has not really moved in the past 2-3 months. A seemingly flat movement has emerged during this time indicating a possible bottom for the FOLIO OF HATE may have been reached. + +I am aware that perceptions and opinions shift over time, so it is of course possible that we hate these coins more than ever. + +Original [post for reference](https://np.reddit.com/r/CryptoCurrency/comments/rng996/here_it_is_the_subs_most_despised_coins_combined/). + +&#x200B; +Today my wife was looking at her 401(k) and was pissed off that she was down 4% since she started contributing. She started asking why we were wasting money in the market if her portfolio is down in a 5 year period where most other securities are up. Setting aside the reasons for that (for the curious...her company matches entirely in company stock, which we rebalance away quarterly, but not fast enough apparently...it's dropped from above $30 to under $10 in the last year....I'm amazed we've only "lost" 4% under those conditions), and also setting aside that we're in it for 30 years, not 5, I was running some numbers to show her that I thought might be worthwhile for r/pf. + +She has contributed the maximum allowed to her 401(k) every year since she started this job and has accumulated $129,000. The web interface reports that she's averaged -4% rate of return every year. But has she really? What has she put in versus what she has now? The company is actually matching some of her contributions 100%, so even with heavy losses she should make out like a bandit. + +And that's what I proved to her: + +Year|Max Contribution +------|------- +2011| 16500 +2012| 17000 +2013| 17500 +2014| 17500 +2015| 18000 +Sum of Contributions| 86500 +Actual Total| 129,000 +Company Match Plus 'Gains'| 42,500 + +Even with a good chunk of her match being made in a continually declining security, which is an abnormality for most folks, she's averaged about a 16% "return" each year. THAT'S why we "waste" the money in the market. Even with the incredible losses of the matched stock, the combined return is more than good enough. +Nissan and Mercedes will be selling home batteries. We can expect that the competition will limit profits. + +[http://www.theverge.com/2016/5/12/11662144/nissan-home-battery-pack-xstorage](http://www.theverge.com/2016/5/12/11662144/nissan-home-battery-pack-xstorage) +You stand there on the sidelines as Tesla passes 500 and think, this is way too overvalued, it's begging for a correction. I'll buy in after it drops. 600 passes. 700. + + + +1000 goes on by. + + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + + + + +There's no way it can keep going up, this is ridiculous. + + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + + + + +1200. + + + + + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +1300. + +&#x200B; + +&#x200B; + +1000+ P/E ratio? Please. It'll go down anyday. + +&#x200B; + +1400. + + +Stock split? That's a price neutral event. Being more attractive to retail investors? Please, fractional shares are a thing. + +&#x200B; + +&#x200B; + +1500 comes and goes as you stand wistfully by the windowsill, it has to go down... right? + +&#x200B; + +&#x200B; + +1700. + +&#x200B; + +1900. + +&#x200B; + +You stop looking. + +&#x200B; + +&#x200B; + +&#x200B; + +2100. + +&#x200B; + +2200. + +&#x200B; + +&#x200B; + +500. That number, that you grew to despise so much. It sits there, haunting your bedside. + + + +You are afraid, afraid that this time, you won't be able to resist. + + + +You only get one chance, and this is it. Will you take it? + + + + + +OTM calls for the brave(yolo fds, buy at your own risk, unlikely to be profitable) + + +9/4/20 800C + + +Spreads for the conservative. + + +9/25/20 500/550C +Original Post: https://www.reddit.com/r/personalfinance/comments/3eb8ud/being_headhunted_need_advice_please/ + +First of all, thank you all for the responses, I super appreciate it. + +Based on the particulars of this situation, I've decided not to go work for the new bank. They have been wishy washy, and I would feel yucky going across the street to the direct competitors. + +That being said, I've learned through all of this that I am worth a lot more than my current salary and had some discussions with my boss about a path for growth in my current company. Being that the growth in my company is not what I am currently looking for, I have started to apply elsewhere and already started having some replies from positions that pay in the $50s and don't make me feel unethical for taking them. + +Thanks again for all of your responses. + + +Some time ago i posted this [https://www.reddit.com/r/Superstonk/comments/v4pgpd/gme\_and\_popcorn\_stock\_diverging\_in\_price\_action/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/v4pgpd/gme_and_popcorn_stock_diverging_in_price_action/?utm_medium=android_app&utm_source=share) + +I was seeing more and more diverging patterns in the graph between popcorn and GME. And yesterday was the nail in the coffin. Apparently popcorn ceo found a way to dilude the popcorn stock even more and it dumped (-10%) in AH. This is what ive been talking about, that at some point in time the popcorn croud will eventually realize GME is the play and as of yesterday let the fomo begin. And GME is about to leave the big boy dorito [https://gyazo.com/45e6a4f0dc5295fde23804f45c3acf4b](https://gyazo.com/45e6a4f0dc5295fde23804f45c3acf4b) +I just paid of my last loan and built my emergency fund, but have no plan after that +I’m curious if there’s a general rule that people follow + +*ive been contributing to my 401k this whole time + +Edit: I make 74k +There were a lot of comments requesting more details on the methods I used to train the [AI](https://preview.redd.it/z0ozu0erlvu61.jpg?width=500&format=pjpg&auto=webp&s=cd8729045defc6bfc4c330fe160770fd70df4a82) discussed in [my recent DD post](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) . Here I will provide all the key details and also discuss some of the potential challenges and biases with the approach. I'll try to make it as approachable as possible for anyone interested. + +# The problem + +One way that a naked short seller can 'resolve' their FTDs without actually covering is through options fuckery. Deep in-the-money (ITM) calls can be bought and exercised immediately to acquire the shares and close the FTDs. [The SEC published a paper on this ILLEAGAL practice](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf). Read this paper if we really want to understand how these tricks are used by shorts. + +[Other great DD has been posted showing when Deep ITM volumes have been used to cover FTDs](https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/). + +I will focus on some of the work by u/dejf2 but a number of other apes have been checking and reporting back on weird deep call volumes. Here is an example from u/dejf2: + +&#x200B; + +[APR16 12C - 24052 contracts traded while Open Interest changes by 3 - between FEB 25 and MAR 12, or 2.405m FTDs reset.](https://preview.redd.it/scrfet02ivu61.png?width=652&format=png&auto=webp&s=46357942e3ddde4e070a9094133bd0c77e5afae5) + +This is one hallmark of fucky options trading. Volumes way way larger than open interest and very little increase in open interest. + +>BuT bRoCCaAa tHeSE cOulD bE fRom noRmAL tRAdInG oR arBItraGe! + +Do you really think the same 500 contracts changed hands an average of 48 times in just over a week when there was zero volume on previous days? And then if new contracts were bought can you explain why not a single one of these contracts was held longer than a day? + +Neither of these explanations make sense of this. The activity in this example was on strike prices that are more than 90% lower than current GME price. + +Also look at Mar 11. 1 trade made of 1350 contracts with an open interest of only 533 and not a single increase in open contracts the following day. The same is seen on March 4th. + +Take a look at more of u/dejf2's posts to understand his findings and how he identified deep call fuckery. + +# What is an AI and why do I need it? + +When people talk about AI they are really talking about machine learning. It doesn't matter if they're Google translating all the world languages. Or DeepMind (also owned by Google) training a machine to learn how to play chess or GO and beat the best players in the world. All of these methods come under the umbrella of machine learning. So what is it? + +https://preview.redd.it/z0ozu0erlvu61.jpg?width=500&format=pjpg&auto=webp&s=cd8729045defc6bfc4c330fe160770fd70df4a82 + +Machine learning combines statistical modelling and computer science advances into a framework that allows algorithms to learn from past events (often labelled data) and then predict future observations. + +Many type of machine learning algorithms and approaches exist. A common distinction is between [classification versus regression](https://machinelearningmastery.com/classification-versus-regression-in-machine-learning/). Identifying cases of Deep ITM options fuckery falls under the classification set of problems. + +The main reasons for wanting to build a classifier rather than label everything myself are as follows: + +1. Once trained the classifier can label further data instantly +2. Given a good enough training dataset future labelling will not have the problem of human error when distracted or going through thousands of rows of data +3. The ability of the classifier to train and then be tested on unseen data provides a way to sanity check the labelling scheme used - if an inconsistent labelling was performed then model performance will be poor. + +# A method for classifiying Deep ITM call fuckery + +I want to state this very clearly at the start. The goal when building this model was not to create the bestest most amazing of all classifiers ever. I wanted something useful. Something reliable. Something interpretable. And also something quick because I'm not spending all my time squeezing an extra 1-2% accuracy out of a model that is already useful. + +&#x200B; + +https://preview.redd.it/0zefhqblpvu61.jpg?width=850&format=pjpg&auto=webp&s=320d2ee18aa4d638c8a73eb82338ddb0b9fcd40c + +Here are the main steps required to train a classifier: + +1. **Get data**: Gather historical options data with as much granularity as possible (I got end of day data for all strike and expiry's) +2. **Select training data**: Select a representative subset of the data to be used for training the model +3. **Hand label the selected data**: 1 for suspected fuckery; 0 for normal or uncertain trading. +4. **Examine biases**: Once labelled it is important to check for things like imbalances in the dataset (e.g. fewer fuckery examples to normal examples). +5. **Develop features**: This is the secret sauce. After all the experience you gained while labelling the data try to create features that capture the key criteria used to make the label. Make sure you develop other features that could model other potential biases (e.g. strike-price to share-price ratio). +6. **Split data**: Divide the data into training and test sets ([I am not using a validation set](https://en.wikipedia.org/wiki/Training,_validation,_and_test_sets#Validation_dataset) because *I can't be fucked with optimising all hyperparameters*). Use [methods that can account for biases](https://imbalanced-learn.org/stable/references/generated/imblearn.ensemble.BalancedBaggingClassifier.html) if needed. +7. **Train models**: Use the training dataset and the features you created to train the model. This has multiple steps which I'll detail below. One thing to remember is to normalise your data before training. Multiple models can tested to see which one works best. Also a good idea to do [feature selection](https://scikit-learn.org/stable/modules/generated/sklearn.feature_selection.RFECV.html#sklearn.feature_selection.RFECV) to make sure all the information you give the model is helpful. +8. **Test models**: Apply the trained models to the separated test data. *It is absolutely critical that the test data was never previously seen by the algorithm -* [avoid data leakage](https://machinelearningmastery.com/data-leakage-machine-learning/). +9. **Model selection**: If multiple models were tested (different algorithms or hyperparameters) use an unbiased score to select the best ones. Many different scores exist but [F1-score is a good place to start](https://scikit-learn.org/stable/modules/generated/sklearn.metrics.f1_score.html). +10. **Model prediction**: If you are happy that you have a classifier that can predict data almost as well as you could yourself (high accuracy score, few biases etc.) then apply the model to your whole dataset, including all the data you didn't label at the start. Make sure the *exact same feature development and normalisation steps are applied* to the new data before prediction. +11. **Explore the results**: You now have labels for all your data thanks to the initial effort you put into labelling the training data and then training the classifier. If you did it well the classifier might label data as well as you (or even potentially better). Plot your results and interpret the findings. + +# My methods + +**Get data**: Historical options data was gathered from an online data supplier. Market chameleon is a good place with a free trial. I paid another service for over a year's worth of GME options data. + +**Select training data**: I selected all data from Jan 20th - Feb 20th. This includes the Jan mini-squeeze and a lot of the days with known fuckery based on other DD. I only included data where strike price was less than 70% of the share price. This might miss some fuckery but I preferred to be conservative here. I had a total of 10204 rows of data in my training data. + +**Hand label the selected data**: I followed a labelling scheme similar to what was done in past DD's and the examples I have above. + +Note: *This is the key step where we might be getting biases. The model can only perform as well as the labeled data I give it!!* + +Here are some examples of data I chose to label as suspicious or normal/unknown: + +[Volume similar to or larger than open interest for multiple day in a row with no change in open interest. After this activity all open contracts are exercised and open interest drops to just 5 contracts. No one is interested in any trading after the suspicious window.](https://preview.redd.it/qkzeg9drvvu61.png?width=1394&format=png&auto=webp&s=5c85ac5669ec5c7b2b6a0787b873327f71119c18) + +[Expiry dates in Jan 2022 but multiple days of massive trading volumes and successive decreases in open interest. Why are so many contracts being exercised when the have 1 year left till expiry?? Thousands of contracts were opened and immediately exercised. No interest in these calls or changes in open interest once suspicious activity stops.](https://preview.redd.it/8ebi5hx8wvu61.png?width=1400&format=png&auto=webp&s=114e7fb7ddd274b4711fbad2d8bda17cedbb2641) + +[Some smaller every day instances of opening and exercising contracts immediately. Zero open interest at strike price of 2.5$ then a small number of contracts are opened and the exercised on the same day or the following day. ](https://preview.redd.it/5jupe3bezvu61.png?width=1400&format=png&auto=webp&s=cf97414f1be5f5d5d4ef4602cd83d795cc23d700) + +Using this labelling scheme I almost certainly include some activity that is not from hiding FTDs. I will also miss some FTD hiding activity because sometimes it can just blend in with normal options trading. + +*I expect the timing and distribution of classified Deep ITM calls to be accurate but the exact values to have some uncertainty - perhaps +/-20%*. + +**Examine biases**: 1006 of the 10204 labeled rows were identified as suspicious. This number is massively skewed!!! If our classifier labeled all data as 0's it could get an accuracy score of approx. 90%. This would not be very useful. This is an [imbalanced classification problem](https://machinelearningmastery.com/what-is-imbalanced-classification/). I won't go into all the details here but one way to help the model deal with this is to reweighs the training set so that there are an equal number of 1 and 0 labels to train on. I used a python tool box designed to help with the problem and a technique called [BallancedBagging](https://imbalanced-learn.org/stable/references/generated/imblearn.ensemble.BalancedBaggingClassifier.html). + +**Develop features**: This really is the secret sauce. I don't want to divulge too much but I used the information contained in the example tables and different combinations (interactions, ratios etc.). The basic idea is that all the relevant information that was used to label the data manually is contained in the different features for the algorithm to use. + +**Split data**: I reserved 30% of the labelled data for the test set and used the remaining 70% for model training. *I purposefully did not choose to use a validation set because I cannot be fucked with tuning all the model hyperparameters for an extra 1-2% accuracy when I already have something useful*. + +**Train models**: I used Scikit-Learn to train my models. [Here is a good classification tutorial with example code](https://scikit-learn.org/stable/auto_examples/classification/plot_classifier_comparison.html). I used a [recursive feature elimination and cross-validated selection (RFECV) of the best number of features](https://scikit-learn.org/stable/modules/generated/sklearn.feature_selection.RFECV.html#sklearn.feature_selection.RFECV). Of my initial 14 developed features 12 had statistical support for the model. The two poor performing features were removed. + +For the model training I used the [BallancedBagging-Classifier](https://imbalanced-learn.org/stable/references/generated/imblearn.ensemble.BalancedBaggingClassifier.html) to help with data imbalances and wrapped this around 8 different commonly used classification algorithms. + +**Test models**: All testing was performed on the hold out test dataset. The algorithms had never seen this data before during training. Here are the accuracy scores for the different classifiers: + +* Nearest Neighbors - Score: 0.88 +* Linear SVM - Score: 0.79 +* RBF SVM - Score: 0.88 +* Decision Tree - Score: 0.91 +* Random Forest - Score: 0.91 +* Neural Net - Score: 0.89 +* AdaBoost - Score: 0.91 +* Naive Bayes - Score: 0.74 + +I used standard model tuning parameters as I wanted to avoid tuning all the different models. Because of this some models might perform poorly simply because they were not optimally tuned. Other models like the neural net might just need more data to perform optimally. + +**Model selection**: All models performed reasonably well but I chose to use AdaBoost as it had the highest model performance of 91% (comparable to Decision Trees and Random Forests) and I like the theory behind the model. + +Here is a performance graph called an ROC-curve: + +[ROC-curve for the AdaBoost-BalancedBaggingClassifier. The model had very good performance on the test set with an AUC of 97&#37;.](https://preview.redd.it/f1gi8lgw4wu61.png?width=1800&format=png&auto=webp&s=cda34cb26f48943e227a35442e58df14ab1d9305) + +**Model prediction**: The trained AdaBoost-BalancedBaggingClassifier model was applied to all the other options data I had. I made sure to use the exact same strategy of generating features and normalisation before model predictions. + +**Explore the results**: Ta-daaa!! We have some nice results automatically predicted for us by our trained classifier (AI): + +[AdaBoost-BalancedBaggingClassifier labelled Deep ITM call fuckery with overplayed FTD data. These plots were made using seaborn.pydata.org](https://preview.redd.it/hcstg57b6wu61.png?width=4500&format=png&auto=webp&s=d04cd1e8580fb50d1c68e44506cb839c74bbaf2d) + +# Conclusions and potential biases + +Lets start with the potential challenges and biases: + +* Only suspicious data from 2021 was labelled +* Some normal options trading might be included in the manual labelling and automatic classification +* Some FTD hiding might not be picked up by the manual labelling and automatic classification because it is too well hidden in potentially normal looking volumes +* If any fuckery was happening at strikes >70% of share price I ignored them +* The model could be further improved with more tuning + +Does any of this present a major challenge to the results? NO! + +The classifier is still useful even if we cannot label the illegal activity with 100% accuracy. We might miss some, we might overestimate others. Overall the picture is still useful and we just have some uncertainty in the exact numbers we see. All models have uncertainty. + +Could this work be improved upon? Of course. If someone could get more detailed data than end of day summaries we could remove a lot of the bias. We could relabel the dataset (but it would take much longer) and build an improved model. However 91% accuracy as compared to the best hand labelling scheme we have so far is pretty damn good. +Recently the FBI released a warning about ongoing attacks regarding crypto to owners and exchanges alike and these attacks are only increasing. As does the use of ransomware and newly discovered 0 day exploits + +[https://www.bleepingcomputer.com/news/security/fbi-warns-cryptocurrency-owners-exchanges-of-ongoing-attacks/](https://www.bleepingcomputer.com/news/security/fbi-warns-cryptocurrency-owners-exchanges-of-ongoing-attacks/) + +With that I figured it would be a good time to repost my security guide to minimize the chances for everyone here to be the next victim :) + +Background: I currently work for a fortune 100 company's Computer Security Incident Response Team, I work specifically on detect and response which includes business email compromises, responding to phishing emails and malware within the organization, while documenting the process. + +**Email:** + +* Email Providers + * Any reputable email provider with 2FA will do + * If you want to get more into privacy and encrypting emails there is [Protonmail](https://protonmail.com/) or [Preveil](https://www.preveil.com/) + * You can alternatively also hook up your current email with the [Thunderbird](https://www.thunderbird.net/en-US/) email client (use to be managed by Mozilla Firefox) it is overseen by a volunteer board of contributors. +* 2FA - This is important, activating 2FA on your email is just as important as having it on exchanges. (Will cover more on 2FA further down) +* Create an email specifically for Crypto, but also avoid using crypto keywords / personal information in the email, treat your email address like its public information. +* Be on the lookout for Phishing emails, I made a post on how to identify phishing emails along with some useful tools here | [How to spot a phishing email](https://www.reddit.com/r/CryptoCurrency/comments/n0j8l0/tips_and_tricks_from_my_line_of_work_on_how_to/?utm_source=share&utm_medium=web2x&context=3) | + * **Quick tips for emails:** + * Don't trust email links + * Double check the address bar of login pages + * Know the [levels of a domain](https://hover.blog/whats-a-domain-name-subdomain-top-level-domain/) + * Check to see if your crypto sites allow a anti-phish banner that displays a code with their emails that you set. +* [Tracking pixels](https://www.nutshell.com/blog/email-tracking-pixels-101-how-do-tracking-pixels-work/) are also a thing, there not malicious in themselves, but they can potentially let attackers know if you have open an email / let them know the email exist and is active. +* Furthermore You can check [haveibeenpwned](https://haveibeenpwned.com/) to see what data breaches your email has been apart of - If your email shows up and passwords are listed on the data that was compromised, ASSUME the worse and change the password and never use it again, along with any other accounts that use that password. + +**Passwords / PINs:** + +* Don't reuse them EVER +* Use strong secure passwords, passwords managers make these easy to manage and generate passwords. +* **This includes your phone and 2FA app**, if you have a weak pin (1234) for your phone and someone takes it, remember your 2FA app is then available (if same pin, or no pin/pass set), your email is automatically signed in (same for other accounts auto signed-in), and they can access your text messages. +* Don't use words relating to crypto or personal information in your passwords (or email), if they are compromised in a breach, assume they will search for these terms to target crypto users and try the same combo against crypto sites or figure who you based on the information (email & password) and pivot to finding public information that could lead to them answering challenge questions for password resets. (Your first pet, is it posted on Facebook? How about your car? Your first girlfriend/boyfriend?) +* Password Managers: These work wonders when managing passwords securely. They generate random strong passwords which can be adjusted, and its all kept in an encrypted database file, so even if a attacker gets access to it, they won't be able to access it without the password. + * Password Managers trusted by the community: + * [KeePass](https://keepass.info/) + * [BitWarden](https://bitwarden.com/) + * [LastPass](https://www.lastpass.com/) + * [1Password](https://1password.com/) +* Don't save passwords in your browser + * Does it require verification for you to use the password? Also I tend to find extensions being more buggy as they have to interact with more 'moving' parts and changing configurations, and generally more people try to target and exploit browsers. + +**2 Factor Authentications (2FA):** + +* Enable on everything possible (Email, Exchanges, Banks, Robinhood, even Reddit to protect your moons) +* Use 2FA Apps instead of SMS whenever possible, [SIM Swap](https://www.consumer.ftc.gov/blog/2019/10/sim-swap-scams-how-protect-yourself) attacks are real, and more common than you think. + * 2FA Apps + * [Authy](https://authy.com/) (Linux | Windows | macOS | Iphone | Android) + * [Google Authenticator](https://support.google.com/accounts/answer/1066447) (iOS | Android) + * [Microsoft Authenticator](https://www.microsoft.com/en-us/account/authenticator) ( iOS | Android) + * [LastPass Authenticator](https://www.lastpass.com/how-lastpass-works) (Browser Extension | iOS | Android | Windows Phone) +* Hardware Keys + * These are [physical 2FA device](https://www.techradar.com/best/best-security-key) (I chose this list as I think it does a good job explaining them with pros and cons, I did NOT vet the sellers that are listed on the amazon links. Always research and buy from a reliable source) +* Backup codes: + * When you activate 2FA on any account you should have the ability to generate backup codes, these are used incase you lose access to your authenticator, TREAT these like your seed phrases. Use them by logging in with your user and pass, and use these backup codes in place of the 2FA code you usually enter. +* DO NOT take pictures of your QR codes, if you screenshot it, might end up syncing somewhere you don't want it to and if it ever gets compromised they have the ability to continually receive your 2FA code. +* Also, DO NOT sign up for your 2FA app or any crypto service for that matter using your work or school email address. You lose access to that email, then consider all accounts gone as you won't be able to access the codes if you switch devices. + +**Wallets** + +* Learn the difference between the different wallets, I think this [article](https://coinmarketcap.com/alexandria/article/hot-wallets-vs-cold-wallets-whats-the-difference) is REALLY good at going in depth about the differences and pros vs cons of them at a beginner level. +* Cold wallets will always be more secure than any hot wallets as they aren't connected to the internet + * Top trusted hardware wallets from the community: + * Ledger + * Trezor +* Verify the details you are confirming on your hardware wallet device. the wallet app interacting with your cold wallet device could be compromised, but you would still be safe using it, as long as you verify each action on the cold wallet device, and reject the transaction if anything seems off. (Thanks keeri) + +**Seed Phrases: Treat these as they are the keys to the kingdom (Keep offline and out of your notes app)** + +Less Secure: + +* Write down on paper and either break up the phrase and place in separate secure locations or hide them like the the FBI is going to come search your house +* Secure on USB + +1. Get a [file shredder](https://fileshredder.org/) (securely deletes data, and overwrites it) +2. Download password manager (optional) +3. Disconnect device from internet +4. Enter seed phrase into password manager / create encrypted file +5. Put on a freshly reformatted USB / datalocker (Worms like to spread by USB) +6. Save to USB, and shred the original using the file shredder software +7. Hide USB + +* Another device / old phone + +1. Factory reset +2. Set Pin / Pass +3. Download 2FA app and password manager / file encryption tool +4. Disconnect from internet FOR GOOD (Treat this like a cold wallet) +5. Back up 2FA and seed phrases +6. Hide device + +More secure (more expensive): + +* [BlockPlate](https://www.blockplate.com/pages/getting-started-blockplate) +* [CryptoSteel](https://cryptosteel.com/how-it-works/?v=7516fd43adaa) +* Have a copy saved in a safety deposit box / split between two banks. + +NOTE: Each method is going to its pros and cons: Getting robbed, fading ink, the elements, data retention (USB \~10 years), ever being on a digital machine. Pick which ones benefits you the most, and correlates with your budget and what your willing to risk. + +**VPNs / TOR:** + +* Privacy vs Anonymity + * Privacy is the ability to keep your data and information about yourself exclusive to you (They know who you are, but not what you do). + * Anonymity is about hiding and concealing your identity, but not your actions. (They know what you do, but not who you are) + * Think about what your goal is, I commonly associate privacy with VPN and anonymity with TOR + + * Both encrypt your data before leaving your device, then routes it through proxy servers to mask your IP/Location. VPNs you have to trust the provider (ensure they state there is a no log policy) while TOR runs through servers ran by volunteers (don't think governments don't run their own) and lets you access the dark web. [Here is a more in-depth comparison on VPN vs TOR](https://www.comparitech.com/blog/vpn-privacy/tor-vs-vpn/). + * Personally Its worth paying the few bucks a month for a paid tier of the VPN service. +* VPN Providers - Zero log VPN services: + * [ProtonVPN](https://protonvpn.com/) + * [Nord](https://nordvpn.com/) + * [Mullvad](https://mullvad.net/en/) +* TOR + * Brave offers TOR, but I would treat this more like a VPN + * If being anonymous is your goal the only real way to achieve this is running [Tails off a USB](https://tails.boum.org/). + +**NOTE:** Some exchanges and websites blacklist IP ranges associated with VPN and most commonly TOR for security reasons. Some people on this community stated that this can lead to them freezing your account. + +**Browsers (Excluding TOR):** + +* Top 3 Browsers built for privacy + * Firefox + * Epic + * Brave (I know Brave draws criticism but I made a technical [post](https://www.reddit.com/r/CryptoCurrency/comments/mzbfrd/security_analyst_here_again_on_why_its_important/) showing how the trackers didn't show up within the metamask extension through brave compared to Google Chrome.) + * [Learn to harden your browser to make it even more secure](https://us-cert.cisa.gov/publications/securing-your-web-browser) +* Search Engine for privacy: DuckDuckGo +* Extensions + * One of the most dangerous threats I think that aren't taken seriously are extensions. These can start out legitimate, then through an update turn malicious. These will then be removed from the webstore, but not your browser. + * Some will be removed the store due to not being supported anymore which = no more updates, and no more updates = vulnerabilities that won't be fixed + * If you have Google Sync activated, these extensions will also sync to all those devices + * Remove any extensions you don't need, check to see there still available on the store, and even search them to see if some security [article like this pops up](https://duo.com/labs/research/crxcavator-malvertising-2020) about it. + * Check the privacy practice tab of the extension to see what data it collects. + +**Checking and verifying hashes of a download:** + +Hashes are the fingerprint of a file, even if you change the name of the file the hash will be the same. This is similar to how wallets work, its a string of characters and numbers, yet represents data (aka your holdings) + +* How to get hash: + * Go to the search bar in windows and enter ‘cmd’ this should bring up the command prompt (open terminal on Linux / MAC) + * type “Certutil -hashfile Desktop\\example.txt sha256” for windows + * type "Sha256sum Desktop\\example.txt" for Linux + * type “shasum -a 256 Desktop\\example.txt” for MAC + * (Remove quotes, and replace 'Desktop\\example.txt" with the path to the file you want to check) +* this should give you the sha256 hash you can copy and paste into [VirusTotal](https://www.virustotal.com/gui/file/72714927de74b97c524c5fa8bc1a0dec83f038dbbed80b93b5e6280ca1317f41/detection) to check to see if its known as malicious by many security vendors. Here is the hash and VirusTotal link for the shredder download I previously mentioned in the seed back up step. [72714927de74b97c524c5fa8bc1a0dec83f038dbbed80b93b5e6280ca1317f41/detection](https://www.virustotal.com/gui/file/72714927de74b97c524c5fa8bc1a0dec83f038dbbed80b93b5e6280ca1317f41/detection) + +**NOTE:** You can also just submit the file to VirusTotal, but if it potentially contains personal information, it will upload the file and allow other people to download it, searching the hash will not do this. + +**Other General Safety Tips:** + +* [Harden your PC](https://www.securicy.com/blog/security-best-practices-hardening-windows-10/) (Guide is for Windows 10, but can translate to other OS) + * Update OS and any software // turn on automatic updates - Everything you download is an attack vector + * Set firewall rules - Default deny, open only p855orts you need, disable rules you don't need + * disable remote access + * Install AV // Malwarebytes for removing malware + * Turn on encryption + * Setup user accounts // privileges' + * Strong password +* Whitelist addresses if possible (Some exchanges allow you to designate a address as 'safe' any other transactions besides those won't go through) +* If you use a encrypted messaging service, I highly recommend [Signal](https://www.signal.org/), if you haven't seen their [reply regarding a subpoena](https://signal.org/bigbrother/central-california-grand-jury/) you should +* Lock down your social media accounts (go to security settings, turn off being able to be found via search engine, ad related settings, change who can view your posts, etc) +* Don't disclose your holdings and earnings +* Don't access your crypto on your work computer +* Don't answer PMs about winning some contest or some amazing opportunity + +**Phone:** + +Many users asked about security regarding people who mainly use their phones. Many of these tips can translate to phones as well, but here's a quick rundown. + +* Unique pin / password for the phone +* download a password manager +* email account purely for crypto +* pin / password (different than getting into your phone) for your 2FA app. +* Don't lend phone out +* Avoid apps you don't need, read the 3 star reviews as they are the most honest) +* Download VPN / be aware of the wifi your connecting to +* Be aware of phishing +* Call your service provider and see if they can lock your SIM card and prevent SIM swapping. + +NOTE: These are still just suggestions, these are methods that balance security and usability. One could use 2 password managers and split a password between both, but that would compromise usability / ease of use. +So after a hospital stay my bill was 230K but my insurance was kind enough to knock it down to only 8k (a steal!). On the bright side (sort of) I have maxed out my out of pocket maximum so I'm looking at what I can take advantage of while it's free. I'm 42 years old, fairly active so I have a lot of nagging knee and shoulder stuff so I'll definitely get physical therapy. Are there any other general checkups/procedures/services I should be taking advantage of while my insurance covers 100% of the costs for the rest of the year. +Hey all, + +I've been following this sub off and on for a while now, and it's been awesome watching other people's ambitions in action. I've had the same ambition over the years, and suddenly find myself realizing that I may have actually reached financial independence 2 years ago, without realizing it. + +I'm wondering what to do with myself now. + +Long story short, I have real estate that is netting me about $2800 a month. That, right there, has me realizing I could become an expat and travel the world to many countries on that alone. + +One of my pieces of real estate is near where I live (rented), and I could move into it, and still 'save' about $500 a month, after expenses (but not counting for medical). I'm 47. + +I live in a really expensive area of the US, and I'm renting, as well, which is, yes, costing me a bit. I could move to my condo, and save some change, but I don't like living there, and I like where I am. So that's a cost I'm willing to accept. + +All that said, given my current situation, I could potentially payoff another property in about 3-4 years, which will net me another $8k a year. + +After all I said above, and knowing I'm now netting $2800 a month (not accounting for fed taxes I'll need to pay on that), does anyone who's already reached financial independence have any ideas about what I should be considering for the next few years? I'm still employed, though my hours are cut. So I'll be earning less. I can take a pension in 2 years, due to my union contract, which I intend to take (around $45k). + +Would love to hear y'alls feedback on this. +For example I'm living in a cheap college dorm, and people here are jerks that get drunk and talk, listen to music until 2 am and I have to argue with them for quiet time. I can't afford normal rent so I'm stuck. It's exhausting and sometimes I let them have their way just because I'm so tired +I'll try to keep this short and clean. FYI, I tried but it ended up being long and dirty, **sorry!** + +I didn't like our CPA from last year because I felt like they were not really informed about the tax code, especially when it came to retirement accounts. I also didn't like that they just put the numbers in turbo Tax and filed our taxes on the spot. + +I looked online for where to find good well informed CPA's and the general advice was (**ask people** for recommendations and **word of moth** is the best way to go). + +Between me and my wife we have **two** W2 jobs, and one **Self-employed** job (Personal Care &amp;amp;amp;amp; Service Occupations). So, we asked our realtor because she's self employed if she knows of a good CPA who works with Self-employed people or small business that's also familiar with retirement accounts. She referred us to this guy at an accounting firm who charges more than **triple** what the last person charged us. + +We decide to give him a try and during our meeting he explains that this is not a "**tax shop**" and that this is a **full on accountant firm** that provides full service and that he's looking to build relationships with his clients. **Exactly what I'm looking for!** + +A lot has changed since last year and I had a ton of questions and the guy seems to know his stuff and was answering my questions. We get to retirement accounts and he's just shocked that I put **$19k** into my **401k** last year and is even more so when he sees that my wife has put about **$14k**. His reaction was: " Wow, I've never seen this before" as he was laughing. I realize that that's not common so I proceed with "and yea we've maxed out our **Roth IRA's**." at this point he interrupts me and says: " **I think we might have a problem here**". He tells me that there's a limit to how much you can put toward retirement accounts and that since we've put **"too much"** towards our **401K** we may not be eligible to contribute towards a **ROTH IRA**. + +I explain to him that the way I understand it is that, the limit is towards the **income** and that we have not come close to **$193k in joint gross income** so we should be good contributing up to the **$6000 max?** He goes on about how the brokerage firms won't stop you from contributing because they don't know about the rest of your finances and that sometimes you'll have to pull the money back out which is not a big deal. I ask again, "I thought the limit was on the **gross income?**". He replies that he'll have to run the numbers and make sure it's all good and that he doesn't want to tell me that "**yes this is right**" before he looks at all the numbers. + +Please correct me if I'm wrong but the way I understand it is as follows: + +**Traditional 401k**: You can contribute up to **$19,00**0 There are **no income limitations.** +**Roth 401k**: You can contribute up to **$19,000**. There are **no income limitations.** +**Traditional IRA:** You can contribute up to **$6,000**. There are **no income limitations.** +**Roth IRA:** You can contribute up to **$6,000** if your joint gross income is under **$193k**. +If you make **between $193k and $203k** you can make a **reduced contribution.** +If you make **over $203k** you're **not allowed** to contribute. +**HSA:** As long as you have a **HDP** you can contribute up to **$7,000**. There are **no income limitations.** + +If I'm right, where can I find someone who knows his stuff? + +I can do it myself but I'm kind of paranoid about messing up (I've never done it before). Also, we can write this off as a business expense because the main reason we need a CPA is for the business. + +I'm thinking about using the CPA's on Turbo Tax since it would cost less than what we budgeted for this guy and they would represent you in case of an audit. Is that a bad idea? + +I'm kinda getting frustrated with having to be a grown up right now. + +Edit: + +I think this was not clear in my post. Here’s our numbers from last year: + +Wife’s 401k: $14k, +My 401k: $19k, +Wife’s ROTH IRA: $6k, +My ROTH IRA: $6k, +Gross income is under $193k, +We didn’t contribute to a traditional IRA. +Honestly, the world is a mess… especially financially. Where I live, the average house is around 790k (no I don’t live in a big city like Toronto or Vancouver) and rent for a 1 bedroom is averaging about $1500 a month plus utilities. + +Have you ever heard your parents or grandparents say what they bought their houses/cars for? Even though their wages were slightly less, it doesn’t make up for the increase in cost of living today, not to mention inflation. + +Simply working more, or trying to find a high paying job isnt enough anymore. I’m starting to think crypto might be our generations once in a lifetime opportunity. My girlfriend and I are both working professionals and buying a house in this market is almost unattainable. + +Which cryptos do you think will offer the best chance at making life changing money within say 5 years? Because life changing money is what it’s going to take with today’s cost of living + inflation vs current wages. + +P.S, I’m betting on Ada, CKB, Link and Ergo. + +Good luck to all of us. +You know, after we discovered Computershare, and I went back and watched Peterffy's sweaty interview from 2021, when he said "all they had to was ask for their shares"... I thought he seemed like a somewhat decent guy. (Like we thought about Fidelity until November). I thought ok, this guy is playing by the rules, and actually wants the SEC to do something (I was actually 50% more retarded in 2021 than I am now.) + +**Now he is basically calling us retards. Only WE can call each other retards.** + +**I swear I hate the word "sophisticated" too. And his language is a direct jab at us.** + +[https://www.cnbc.com/video/2022/03/22/interactive-brokers-customers-arent-participating-in-the-market-rally-says-thomas-peterffy.html](https://www.cnbc.com/video/2022/03/22/interactive-brokers-customers-arent-participating-in-the-market-rally-says-thomas-peterffy.html) + +One of 2 things here. Either: + +1. He really is a dick, and had a moment of judgment lapse in the last year's interview, or... +2. He could be a nice guy, but his billionaire friends and peers have been kicking the crap out of him for 1 year, for (A) Verbalizing that Gamestop was "going into the thousands" before they had to turn off the buy button. And (B) Inadvertently referring to Computershare (which most of us were too retarded to pick up on last year). + +I guess Shark Cuban stands alone as the only billionaire we can truly trust in all this. Where are you Mark? u/mcuban. u/JonStewart you need to get Cuban on to discuss all recent GME events. +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! + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +Hi All, + + +Quick post during my work break. With GME sub 100$ I still have a 10% return in GBP despite my cost basis been around 116$. I am going quickly to skip that and mention that in UK there was a mortgage boom in 2020-2021. These mortgages mostly have fixed rates for 2-3 years. The rates were about 1.3%. +When you was about to sign the mortgage the bank will warn you that the rate can go up. Their scary example was rates at 3.85% where the repayment was increasing by 30%. + + +Well now we are about 5% the moment everyone is screaming to BoE for 200 bps rate hike. Long story short UK people are fukd... fukd... These low rate 30year mortgages that allowed people buy million pound homes will come and bite the overstrected buyers + + +Most remortgages are 1-2 years away, hence, nobody is watching except for the folks on floating rates (RIP) . On 6-7% mortgage rates I would assume 25% defaults as nobody was even thinking these rates a year ago. Lowest rate I ve seen was .89% back in 2021. The average monthly mortgage payment in London could hit \~4K£ which is >100% of the average post-income-tax salary. + + +This is scary. +Original article at Seeking Alpha (non-paywall link): [https://archive.is/CUIAS](https://archive.is/CUIAS) + +## Intel Drops A Bomb On The Robotaxi Industry + +## Summary + +* Despite most investors focusing on Tesla for robotaxis, Intel’s Mobileye is currently in volume production of its camera-only L2+ autonomous driving SuperVision system, beating all competitors to the punch. +* Moreover, Mobileye announced the world’s first L4 consumer vehicle, launching in early 2024. Mobileye has a substantial technology and first-mover advantage. +* If Tesla bulls can attribute a $1T market cap to their company’s non-existent robotaxis, then initiating Mobileye at a $1T price target (representing 20x upside) seems reasonable. +* Mobileye could hence become one of the greatest investments of the coming decades. + +## Investment Thesis + +In a significant bit of news that likely went largely unnoticed by the investment community, not Tesla ([TSLA](https://archive.is/o/CUIAS/https://seekingalpha.com/symbol/TSLA?source=content_type:react|section:main_content|button:body_link)), Nvidia ([NVDA](https://archive.is/o/CUIAS/https://seekingalpha.com/symbol/NVDA?source=content_type:react|section:main_content|button:body_link)) or anyone else, but actually Intel ([INTC](https://archive.is/o/CUIAS/https://seekingalpha.com/symbol/INTC?source=content_type:react|section:main_content|button:body_link)) Mobileye achieved a major milestone in late 2021 by going into volume production of its camera-only SuperVision autonomous driving system. Combined with Mobileye's robotaxi business that will start operating in two international cities in 2022 (based on a camera-based system combined with a lidar and radar-system), this means autonomous driving has finally gone from the lab to the fab, and is poised to contribute billions or even trillions in value to the economy as the technology gains scale in the coming years and decade(s). + +In addition, perhaps the most significant news from CES this week was the [announcement](https://archive.is/o/CUIAS/https://www.mobileye.com/ces-2022/) of the world's first L4 consumer AV, slated for an early 2024 launch, yet again beating others such as Tesla to the punch. + +As such, Mobileye could become one of the new Big Tech companies as the backbone of the 21st century autonomous transportation system. Hence, I initiate Mobileye (which will IPO in mid-2022) at a $1T market cap target, which could represent 20x upside from its suggested $50B IPO. + +## Background + +When people talk about autonomous driving, there is one myth that is often discussed: the need for compute (measured in TOPS). For that reason, many investors have pointed to Nvidia as a beneficiary of autonomous driving. For example, NIO ([NIO](https://archive.is/o/CUIAS/https://seekingalpha.com/symbol/NIO?source=content_type:react|section:main_content|button:body_link)) uses 4x Nvidia Orin SoCs in its upcoming ET7 NIO Autonomous Driving System, for a grand total of 1 POPS (1000 TOPS), combined with over 30 sensors including lidar. + +I provide this comparison to give the reader an impression of just how impressive Mobileye's approach is: Mobileye's SuperVision, which has gone into production in late 2021 in the Geely Zeekr 001, leverages just two EyeQ5 SoCs for a grand total of 30 TOPS. Nevertheless, despite having over 30x less compute resources, Mobileye achieves pretty much exactly the same (or even more advanced) capabilities as any other car currently in production. Mobileye's system also uses about 3x less sensors since, similar to Tesla, SuperVision is completely camera-only (using seven cameras and four parking cameras). + +To be specific, the SuperVision allows for completely hands-free driving (like a robotaxi or "full self-driving"). (The reason the system is nevertheless classified as L2+ is because it isn't validated for the safety requirements for L4.) + +In other words, it really matters what one does with the compute resources available (the software), and Mobileye has proven for years that it can do more with less. What this means is simply that Mobileye's software is much smarter since it can more effectively make use of the available compute. Mobileye's CTO has recently [provided a deep dive into the SuperVision system](https://archive.is/o/CUIAS/https://www.youtube.com/watch?v=ViGL0z1BULs), which is worth watching to see the system in action in cities like Paris and New York City. Note that no other company in the world has been testing its autonomous driving system in as many locations as Mobileye, another testament and proof point of Mobileye's ability to scale its system, which I further detailed previously: [Waymo May Be Disrupted By Its Inability To Scale (NASDAQ:](https://archive.is/o/CUIAS/https://seekingalpha.com/article/4432226-waymo-may-be-disrupted-by-its-inability-to-scale?source=content_type:react|section:main_content|button:body_link)[GOOG](https://archive.is/o/CUIAS/https://seekingalpha.com/symbol/GOOG?source=content_type:react|section:main_content|button:body_link)). + +## Consumer AVs + +SuperVision is still just a L2+ system: despite being fully capable of autonomous driving, it has not been validated for the reliability requirements for the "holy grail" L4. So admittedly, it will still take a few years for autonomous driving to become a reality for consumer: Mobileye is targeting 2024. + +In its L4 system, in order to reach the required reliability, Mobileye will combine the camera-only SuperVision system with a second system based on lidar and radar (similar to its approach in robotaxis). Mobileye has even suggested perhaps there could even be three subsystems if the lidar and radar are further split into separate systems, which will become possible due to Mobileye's in-house lidar (based on Intel's industry-leading silicon photonics) and innovative high-resolution in-house software-defined radar. Mobileye especially sees the high-res radar as promising to reduce the cost for affordable AVs since radar is inherently 5-10x less expensive than lidar. + +So although it could be debated if and to what extent the recent SuperVision system counts as "full self-driving", it nevertheless serves as a first proof point that autonomous driving has finally gone from something that perpetually seems five years away, to a tangible commercial reality. + +In any case, Mobileye's grand [announcement](https://archive.is/o/CUIAS/https://www.intel.com/content/www/us/en/newsroom/news/zeekr-mobileye-working-together.html%23gs.ld0ya8) at CES was its very first L4 design win with Geely Zeekr, slated for early 2024. This system will be based on 8x EyeQ5 SoCs (or about 120 TOPS). + +Mobileye further [announced its next-gen SoC](https://archive.is/o/CUIAS/https://www.intel.com/content/www/us/en/newsroom/news/mobileye-ces-2022-tech-news.html%23gs.kr10jb) for widespread adoption of AVs starting in 2025. The EyeQ Ultra is touted as Mobileye's AV-on-a-Chip, providing all compute resources in a single chip. It is one of the most heterogenous chips ever created, containing CPUs, GPUs, NPUs, FPGAs, VPUs and more. + +>At a mere 176 TOPS, the EyeQ Ultra is much more efficient than other AV solutions, delivering the necessary performance and price-point required for consumer-level AVs. + +## Robotaxis + +In addition to extending its current industry-leading position in ADAS into AVs, Mobileye saw several years ago that autonomous driving would first start with robotaxis, and has likewise been investing to lead this new industry (as evidenced by the [2020 Moovit acquisition](https://archive.is/o/CUIAS/https://seekingalpha.com/article/4346405-intel-distances-from-autonomous-vehicle-competition-1-billion-acquisition?source=content_type:react|section:main_content|button:body_link) for example). Mobileye has been testing its robotaxis for many years in Israel, expanded its testing to Munich/Germany in late 2020, and further expended testing to many other cities in 2021, including in Detroit, Paris, Asia, Tokyo and New York City. + +This will culminate in the initial robotaxi launch in Tel Aviv and Munich in mid-2022, which is on schedule to what Mobileye has been saying since 2018 (!). This can't be emphasized enough since in the same time frame, virtually all of Mobileye's competitors including Google ([GOOG](https://archive.is/o/CUIAS/https://seekingalpha.com/symbol/GOOG?source=content_type:react|section:main_content|button:body_link)) ([GOOGL](https://archive.is/o/CUIAS/https://seekingalpha.com/symbol/GOOGL?source=content_type:react|section:main_content|button:body_link)) Waymo, Tesla and GM ([GM](https://archive.is/o/CUIAS/https://seekingalpha.com/symbol/GM?source=content_type:react|section:main_content|button:body_link)) Cruise have seen delays to their programs. Mobileye is on track to what it said four years ago, and is targeting an international rollout from the start (made possible due to Mobileye's unique global mapping approach as opposed to the legacy geofenced approach). + +## ADAS + +Mobileye also [announced](https://archive.is/o/CUIAS/https://www.intel.com/content/www/us/en/newsroom/news/mobileye-ces-2022-partner-news.html%23gs.ld14rg) several extended ADAS partnerships at CES, including ones to bring its REM mapping for lane-centering ADAS to Volkswagen ([OTCPK:VWAGY](https://archive.is/o/CUIAS/https://seekingalpha.com/symbol/VWAGY?source=content_type:react|section:main_content|button:body_link)) and Ford ([F](https://archive.is/o/CUIAS/https://seekingalpha.com/symbol/F?source=content_type:react|section:main_content|button:body_link)). + +Mobileye further announced that it had achieved 41 design wins totalling 50M units in 2021. For comparison, Mobileye shipped its 100 millionth EyeQ in late 2021. + +## 200PB of data + +One oft-heard argument is that supposedly only Tesla has the data and has the Dojo supercomputers. This is false, as [Intel detailed](https://archive.is/o/CUIAS/https://www.intel.com/content/www/us/en/newsroom/news/mobileye-ces-2022-self-driving-secret-data.html?utm_source=twitter&utm_medium=social&CID=iosm&icid=100002810424702%257Calways-on&linkId=100000101282322%23gs.lg2vve) Mobileye has 200PB of data and 500k CPU cores: + +>Mobileye has spent 25 years collecting and analyzing what we believe to be the industry's leading database of real-world and simulated driving experience + +## Valuation + +Given Mobileye's nearly flawless execution to its comprehensive vision and strategy, Mobileye is quickly establishing a tangible leadership position in both robotaxis and consumer AVs. As such, I would argue that Mobileye deserves a premium valuation as one of the upcoming new Big Tech companies. + +As such, the sky is the limit. For example, Tesla investors for years have attributed trillion-dollar valuations to the company based on the promised (but never delivered) 1 million robotaxis in 2020. Clearly, not Tesla but Mobileye is now making this premise a reality. + +Investors should note that robotaxis are inherently poised to be very profitable since they remove virtually all opex costs, by removing many thousands (if not millions) of drivers from the (transportation) economy. This will make robotaxis both cheaper and more profitable than legacy ride-hailing services like Uber ([UBER](https://archive.is/o/CUIAS/https://seekingalpha.com/symbol/UBER?source=content_type:react|section:main_content|button:body_link)), Lyft ([LYFT](https://archive.is/o/CUIAS/https://seekingalpha.com/symbol/LYFT?source=content_type:react|section:main_content|button:body_link)) and DiDi ([DIDI](https://archive.is/o/CUIAS/https://seekingalpha.com/symbol/DIDI?source=content_type:react|section:main_content|button:body_link)). + +As such, there is indeed no reason why Mobileye shouldn't be able to aspire to this $1 trillion market cap target, which is indeed the target I initiate Mobileye coverage at. + +## Risks + +Given Mobileye's progress on the technology side, which as detailed is now being translated into numerous commercial deals, the main risk now is regulation. However, Mobileye has already [said](https://archive.is/o/CUIAS/https://www.timesofisrael.com/mobileye-to-launch-autonomous-taxi-pilot-in-tel-aviv-munich-in-2022/) it is on track to operate its robotaxis in Germany and Israel without safety driver by the end of 2022. + +## Investor Takeaway + +Although the Geely Zeekr 001 launch with Mobileye's camera-only autonomous driving system went largely unnoticed, it represents a significant first milestone towards the ultimate blue sky vision of an economy based on driverless transportation, freeing up potentially many millions of jobs. The value this creates will be immense, and hence Mobileye, as the leader in driving this revolution, should be valued exactly as such. + +The next milestone is slated in the next few months already with the start of Mobileye's international robotaxi business. The next milestone after that will be the completion of Intel's in-house lidar and radar, which will bring the cost down to levels suitable for mass production in consumer vehicles. This is targeted for early 2024 (also in partnership with Geely Zeekr), and will likely be the world's first commercial L4 consumer AV. + +Hence, autonomous driving is quickly becoming a commercial (and profitable) reality, for which the mid-2022 Mobileye IPO provides investors with potentially one of the best investments for the coming decades. + +**Disclosure:** I/we have a beneficial long position in the shares of INTC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. +I feel like my 401k (and spouse) is way disproportionate to our non retirement brokerage accounts. Since we are looking to retire in 3-7 years depending on a sale of business. Would you stop putting into 401k? By the time we retire we will have about 5 million or more in them. + +Our brokerage will not be nearly as hefty (maybe half) unless we sell for 5-10 million which is the goal. It’s not a for sure thing and things could go south at any time. + +My guess is we would have 3-4 million in brokerage without the sale of the business. We will be late 40’s or 50. + +Anyone have any thoughts? +Basically as the title says. + +Bought a car in may at enterprise car sales and they were able to secure us a loan through Westlake financial services. (My credit is pretty terrible due to past financial mistakes - working diligently to repair, so please be gentle.) + +I paid my June bill on time. Was due on 6/28. Logged in and paid on this day. ACH payment left bank the day after. + +I was furloughed from my job due to COVID, and went to call Westlake to ask if we could defer the payment a month until hopefully things are back on track at work. + +When I called them, they told me that the dealership paid off the car, and that I should contact them. When I contacted them, they told me that we were good, and that the loan company had sent them the check to pay them for the car. + +I call back westlake and after speaking to 4 other people, they told me that the car was paid off, but this time would not explicitly tell me by whom. They also sent me a payoff letter via email per my request stating that $0.00 was owed on the car. + +I'm going back to the dealership to speak to the finance manager about this when she arrives tomorrow (shes off today) but besides the obvious red flags, is there anything else I should be wary of? + +Thanks + +Edit: put in a close parenthesis + +Edit 2: clarified that payoff letter was emailed at my request when speaking to bank on the phone. Was not an automatic email. + +Update: not sure what happened, but loan company reversed loan and it's all normal, unfortunately. +>If a company reprices (or “reissues” or “exchanges”) its stock options for insiders, stay away. In this switcheroo, a company cancels existing (and typically worthless) stock options for employees and executives, then replaces them with new ones at advantageous prices. If their value is never allowed to go to zero, while their potential profit is always infinite, how can options encourage good stewardship of corporate assets? Any established company that reprices options—as dozens of high-tech firms have—is a disgrace. And any investor who buys stock in such a company is a sheep begging to be sheared. + +You get the meaning of this paragraph and how Stock options becomes worthless? +Hi, +Until now I was investing very small sums through a local broker, but I want to switch everything online. I have already sold the portfolio I had with the broker. + +Are there any websites you recommend which I can use to buy+trade+manage stocks/mutual funds/debt instruments/cryptocurrency etc., (not just Indian stocks etc. but international too). I'm looking for sites which charge low brokerage but have an easy to use interface and great reputation. It'll be great if you can share your experience with the site you mention. + +My main goal for the next year is to invest small amounts in lots of different things to get a better understanding of investment. + +Thanks in advance! +As per the company website, Smallcase invests in a bucket and theme-based strategy. What is risk associate with it? like portfolio rebalancing + +[Smallcase Disclosures](https://www.smallcase.com/meta/disclosures) + +Following are some online reviews + +[quora review](https://www.quora.com/What-are-some-reviews-about-the-Zerodha-smallcase?share=1) + +[moneypremier](https://moneypremier.net/smallcase-review/) +\--- + +Update: Thanks for all your generous comments and feedback. It's been a fun and educational exercise and I look forward to continue learning from y'all. + +\--- + +Is it really better to sell options during high VIX from a purely volatility premium standpoint? + +I decided to do a quick study by comparing historical VIX and realised volatility of S&P500 since 1990. Results indicate that while high VIX (say greater than 20) is correlated with higher volatility premium (VIX - RV), it is also correlated with greater volatility drawdown (VIX < RV). In other words, there's a greater chance of IV underestimating actual volatility during periods of high volatility. + +&#x200B; + +https://preview.redd.it/hf6ns6wbptv61.png?width=1281&format=png&auto=webp&s=aa3999ac859df9fca398c76f3a5f1754c4acf7b1 + +It seems that the optimal volatility risk/reward to sell options is between 12.5 - 15 VIX. + +See spreadsheet here: [https://docs.google.com/spreadsheets/d/1fro7cXN9\_YQIz4ilqZZXEapsEemezclJAcWnUuaRHGM/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1fro7cXN9_YQIz4ilqZZXEapsEemezclJAcWnUuaRHGM/edit?usp=sharing) + +I welcome any feedback/comments. Especially if you spot any errors! + +&#x200B; + +&#x200B; + +https://preview.redd.it/5hrcdgjdptv61.png?width=860&format=png&auto=webp&s=a366f86f1b87609ff644f6709cce1ddcebe0a18b + +&#x200B; + +https://preview.redd.it/uuerq8septv61.png?width=1829&format=png&auto=webp&s=b56ecaba369cf6de6e81377060f1db6213da70e3 + +&#x200B; +This summer, I gave him the full breakdown of the stonk, explained that shorts have not closed, and that even if he's skeptical, he should throw a few hundred bucks at it and see how it turns out. He doesn't invest anything, and he said wasn't about to start now. + +Last week, he watched that documentary and he talked about it with me at dinner last night. He basically said that I am too late to the stonk and it's over. + +🤷 +https://deadline.com/2020/05/amc-networks-shares-rise-amc-entertainment-dips-after-amazon-report-update-1202932702/ + +Early this morning AMCX filed an SEC proxy regarding stock compensation to it's people + +https://www.marketscreener.com/AMC-NETWORKS-INC-8199525/news/AMC-Proxy-Filings-30594120/ + +Edit: I bought AMCX calls. +Hi Everyone, + +&#x200B; + +Fake account to maintain privacy. Am 48 years old, Married Filing Jointly, with $5.7M in investments, targeting a 3% WR \~$170K. Looking to retire soon and trying to figure out the best tax strategy for withdrawing from my portfolio. Here is my situation: + +800k Trad IRA + +1.6M ROTH IRA + +3.3M Brokerage (65% contributions and 35% LTCG) + +&#x200B; + +It appears that I should be able withdraw from my brokerage account tax free and still have room to convert about $50-60K/yr of my trad IRA to roth IRA. + +If you were in my situation, what would you do to minimize taxes? Right now I am thinking about starting a roth conversion ladder and converting 60k a year from 2020 until 2030 when I turn 59.5. This would allow me to convert $600k to ROTH and would leave me with probably around $300k in my Trad IRA after additional gains, while paying minimal (around 4%) federal taxes. While I am doing this, I would just withdraw from my brokerage account. Does this make sense? Is there anything else you would recommend doing? + +&#x200B; + +Thank you all for your help! +The meltdown in high-flying technology stocks like Facebook is just the start of the financial changes that will probably result from the Federal Reserve’s decision to end a prolonged era of free money and make borrowing more expensive. + +With the Fed signaling that higher interest rates are coming next month, investors have begun shedding some of their priciest stocks in favor of bets on companies poised to prosper as the economy adjusts. + +The Fed over the past two years helped insulate the U.S. economy from the worst effects of the pandemic by flooding markets with cash. Holding its benchmark lending rate near zero and purchasing nearly $5 trillion in mortgage-backed and government securities helped drive prices higher on all kinds of assets: stocks, bonds, cryptocurrencies, and housing. + +Few companies benefited from this heady run more than the titans of Silicon Valley, which saw their share prices swell almost beyond reason as Americans turned to their products to survive the pandemic. + +[washingtonpost.com/business/2022/02/05/facebook-meta-technology-stocks/](https://washingtonpost.com/business/2022/02/05/facebook-meta-technology-stocks/) +My wife and I live outside of the US, but a large majority of our retirement investments are in US based stocks. During inflation, the prices of goods and services go up, but so do stocks as a result. However, if we're living outside the US while holding US stocks, isn't this a positive situation for us? Locally we're not facing the same level of inflation as the US; holding at under 1% for 2021 and negative in 2020. + +I suppose the question comes down to, is it good to invest as an outsider when you know inflation is happening in the market where your investments are? +&#x200B; + +https://preview.redd.it/amg3p9473ph71.png?width=1600&format=png&auto=webp&s=000473c6597551d61f364c3138a2f092355884ef + +# [Gooooooood Moooooorning Superstonk!](https://www.youtube.com/watch?v=AwSra5p8MDw) + +&#x200B; + +It is a wonderful day to be up and in the jungle! + +&#x200B; + +https://preview.redd.it/nz3aozs55ph71.jpg?width=640&format=pjpg&auto=webp&s=b3213d198726f6a27732854c27194de6e0ffe0db + +u/sugardevil27 + +A lot of Memes and big news! You know what that means! Do 5 push ups and call it 150 because were about to look at our favorite rehypothication stock! + +&#x200B; + +# [Reverse Repo seems to be cruising above $1T!](https://www.reddit.com/r/Superstonk/comments/p3pmu1/daily_reverse_repo_update_0813_1050941b/) + +Maintaining the cruising altitude with a sleight $50m dollar bump to make sure that we are out of the way of other air traffic. + +In the event my goldfish brain forget here is [Reverse Repo explained](https://www.reddit.com/r/Superstonk/comments/owwk1p/the_rrp_number_is_incredible_but_what_does_it/h7iv86i/?context=3) in a way even I can understand. + +&#x200B; + +https://preview.redd.it/irhmf3483ph71.png?width=700&format=png&auto=webp&s=57186ab8c19a3738f9c98b0b81b8c74d0d69ac99 + +# [Treasury is at $351B](https://www.reddit.com/r/Superstonk/comments/p3t1p1/daily_treasury_balance_for_0812_351b_38b/?ref=share&ref_source=link) + +Looks like a drop of $38B. + +&#x200B; + +https://preview.redd.it/jdcjw8pm3ph71.png?width=960&format=png&auto=webp&s=3bb2fe836202521ea354386ef93a89914a35ea71 + +# [Low Volume of 1.004 Million](https://finance.yahoo.com/quote/GME/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHq6Tq_IvJ7rsEd5p9bX46_FSdCDIAH4khGld5Hpu3kigzzepd0Z448Fntj0CShiYBNzlxMUTobwHdUslLIUlY5u7Zp-TtfxTeVYWWKEM7YwkduVyMw3IdDtEhTpY4uSCwm9kNaHLNEVONTruW_7OTZ89VcBXmPPTOtHQg75MS8b) + +I hope u/edgar510 enjoyed his weekend! Because I look forward to whatever graphic he posts today! + +&#x200B; + +# [Route Through IEX](https://www.youtube.com/watch?v=SLNySV4OQfk) + +Seriously. Do it. + +# [US Inflation Chart](https://www.reddit.com/r/Superstonk/comments/p51rh5/exactly_50_years_ago_today_aug_151971_the_us_was/?utm_medium=android_app&utm_source=share) + +This is a great graphic showing the loss of buying power and how liuttle we can buy today vs the dollars inception and subsequent hits via things like illegal to own gold and the removal from the gold standard. + +&#x200B; + +https://preview.redd.it/cqxw67od4ph71.png?width=960&format=png&auto=webp&s=6cbec76a40b2f105db292a69af0251e4df55fcb5 + +&#x200B; + +# [Computer Share and Wells Fargo?](https://www.reddit.com/r/Superstonk/comments/p5d38p/need_more_eyes_on_this_computershare_entered_a/?utm_medium=android_app&utm_source=share) + +Usually I stick to a day out to let news develop but with how much "ComputerShare" came and vanished I was skeptical of even including it. Now apparently they are filing to acquire Wells Fargo corporate trust. Some wrikle brains have some words for a smooth brain like me to explain what this all means? Is computer share trustworthy? Is this the beginning of the "small fry participants" starting to get burned? + +# [Market Crash? Buckle Up!](https://www.reddit.com/r/Superstonk/comments/p50i5k/impending_market_crash_and_gme_moass/?utm_medium=android_app&utm_source=share) + +A good quick write up with a bunch of good comparison graphics. Got to the post to look at the pictures because there are a lot of them. Just remember TA provides a reference and not a formula. + +&#x200B; + +# [Looks Like We Are Primed to Rise!](https://www.reddit.com/r/Superstonk/comments/p4wpd5/buckle_up/?utm_medium=android_app&utm_source=share) + +&#x200B; + +https://preview.redd.it/p5kzknc47ph71.jpg?width=640&format=pjpg&auto=webp&s=9adb5bb2b85464c52d95e05543152c2ac3866ed8 + +&#x200B; + +# [TA For Boom?](https://www.reddit.com/r/Superstonk/comments/p4bra4/gme_is_about_to_blow/) + +&#x200B; + +https://preview.redd.it/nys00c8k9ph71.png?width=960&format=png&auto=webp&s=455b591ff6d1737727c315b3b56123187100ec99 + +# [Cayman Islands Are a Sore Spot So They Stay](https://www.reddit.com/r/Superstonk/comments/p2aeyi/sorry_apes_apparently_im_facilitating_illegal/?ref=share&ref_source=link) + +Dig dig diggity dig! Below you can see the location of [40,000 companies](https://www.reddit.com/r/Superstonk/comments/p3c70y/nothing_too_important_but_this_is_the_building_in/). Kind of amazing that they all fit there! [PoDDible information of the boys club that is hiding there!](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) + +# [Some Solid DD About Secret Sauce](https://www.reddit.com/r/Superstonk/comments/p37osl/are_futures_or_swaps_the_secret_sauce_to_price/) + +It is crime. u/Criand elaborates. + +# [I Wish I Made $0.77 per $0.23 Spent](https://www.reddit.com/r/Superstonk/comments/p4xsxs/theyve_been_cheating_the_system_for_years_which/?utm_medium=android_app&utm_source=share) + +Oh wait. My cut and the government's cut will be better than that. BUY and HODL. + +&#x200B; + +https://preview.redd.it/v1crpser7ph71.png?width=583&format=png&auto=webp&s=1d7649dcffff97c7f1ac7fb3ea664633d422f07d + +# [Looks Like OTC Increased... For January.](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/?utm_medium=android_app&utm_source=share) + +Really? How is this even allowed to happen. If I turned in my rent check 6 months later I would have been homeless for 4 of those months. u/Derealizationed has been tracking some numbers and [this may be another piece of his puzzle.](https://www.reddit.com/r/Superstonk/comments/ov9vc2/gme_market_cap_almost_9_billion_dollars_higher_in/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) I look forward to whatever DD comes from this. Tick Tock Vladdy Boi. + +# [Zacks Rates GME as HODL](https://www.reddit.com/r/Superstonk/comments/p4c3hm/gme_is_projected_to_report_earnings_of_042_per/) + +&#x200B; + +https://preview.redd.it/ion8mp1o8ph71.jpg?width=960&format=pjpg&auto=webp&s=3a99750272fe37b12707ea8e3d022e969f6b9aff + +# [Marge N Gets a New Phone in September](https://www.reddit.com/r/Superstonk/comments/p44h5o/dtcc_executive_director_warns_that_due_to_changes/) + +&#x200B; + +https://preview.redd.it/19sxanyt8ph71.jpg?width=640&format=pjpg&auto=webp&s=99339e6e1238b70b69659ade4b366a767f13616e + +# Memes: + +[https://www.reddit.com/r/Superstonk/comments/p3m00s/ricks\_big\_bet/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/p3m00s/ricks_big_bet/?utm_medium=android_app&utm_source=share) + +https://preview.redd.it/n02eqx424ph71.png?width=960&format=png&auto=webp&s=09ddcf8735e9b829d452c9c80d44aba04ec81d0e + +u/Sassqueachy + +u/Gandofu8 giving us awkward boners.... + +[https://www.reddit.com/r/Superstonk/comments/p50r3k/every\_time\_you\_reach\_out\_for\_something\_you\_care/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/p50r3k/every_time_you_reach_out_for_something_you_care/?utm_medium=android_app&utm_source=share) + +&#x200B; + +https://preview.redd.it/wuglfn9j4ph71.jpg?width=750&format=pjpg&auto=webp&s=89b4ea1c78d9a0e75a54ee606b824a6455ea61b2 + +u/Diamond-Solo + +u/Bye_Triangle + +&#x200B; + +[Seriously though... Why whale teeth?](https://preview.redd.it/vn5t45zn4ph71.png?width=640&format=png&auto=webp&s=fee5d6a14b3e28d30241a88aca8965f627e42738) + +&#x200B; + +https://preview.redd.it/qw2rgs6t4ph71.jpg?width=960&format=pjpg&auto=webp&s=70736dc3d760182970676bcb94644b7b8aef600f + +u/infj-t + +[https://www.reddit.com/r/Superstonk/comments/p4xggv/i\_hate\_my\_job/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/p4xggv/i_hate_my_job/?utm_medium=android_app&utm_source=share) + +u/joeygallinal + +&#x200B; + +[Stephen is a national treasure](https://preview.redd.it/4kz24j8z4ph71.jpg?width=960&format=pjpg&auto=webp&s=9d3d138a11c693ee54e034280eee05f0975d2763) + +u/towelfine6933 + +[https://www.reddit.com/r/Superstonk/comments/p4qkep/my\_retirement\_journey\_in\_three\_stepsnot\_finicial/](https://www.reddit.com/r/Superstonk/comments/p4qkep/my_retirement_journey_in_three_stepsnot_finicial/) + +u/Fit-Tacle-6107 + +[https://www.reddit.com/r/Superstonk/comments/p3adl0/all\_aboard/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/p3adl0/all_aboard/?utm_medium=android_app&utm_source=share) + +u/JNO50593 + +[https://www.reddit.com/r/Superstonk/comments/p3l7z5/how\_many\_new\_rules\_have\_been\_introduced\_this\_year/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/p3l7z5/how_many_new_rules_have_been_introduced_this_year/?utm_medium=android_app&utm_source=share) + +[https://www.reddit.com/r/Superstonk/comments/p333xw/lets\_hear\_it\_for\_bryan\_cohen/](https://www.reddit.com/r/Superstonk/comments/p333xw/lets_hear_it_for_bryan_cohen/) + +u/DucksAndPills + +&#x200B; + +https://preview.redd.it/2k6rl8of5ph71.jpg?width=500&format=pjpg&auto=webp&s=79d5bdf0bfff05db747808b8bd2f7cd7f83296fd + +u/keenfreed + +&#x200B; + +[GME BULLISH](https://preview.redd.it/0ym2rqoy8ph71.jpg?width=1080&format=pjpg&auto=webp&s=569a37eb8a6667cc72eda0b132922039af4ef527) + +u/nickzastro + +# AMA: You Asked, Mods Listened! + +[https://www.reddit.com/r/Superstonk/comments/p2ttdo/ama\_announcement\_robert\_shapiro\_lucy\_komisar\_18th/](https://www.reddit.com/r/Superstonk/comments/p2ttdo/ama_announcement_robert_shapiro_lucy_komisar_18th/) + +# [EXCELLENT!](https://giphy.com/gifs/ifc-80s-bill-and-ted-excellet-l46CDHTqbmnGZyxKo) + +We don't care, just be nice and let's make this community as Excellent as we can! + +&#x200B; + +A few wrinkled-brained apes for quick post history access: + +u/DeepFuckingValue (dont need to explain) + +u/atobitt (DD) + +u/Criand (DD) + +u/peruvian_bull (DD addict) + +u/Parsnip (German Market Guy | Diamantenhände) + +u/DR7KE (scales Treasury Balance Guy scales) + +u/pctracer (Reverse Repo Market Updater) + +u/JTH1 (Floor Guy Stonkdate) + +u/mr_boost (Ape News Network | Sign Guy) + +u/gherkinit (Daily Technical Analysis) + +u/Dismal-Jellyfish + +&#x200B; + +Thank you to the mod team!! Thank you to YOU ALL BEAUTIFUL APES! + +Remember not to to give your password or log in information to anyone. If it seems suspicious don't do it! Phishing attacks have become more common across all platforms. + +As always we are here from all different walks of life and all different countries. This doesn't matter as we are all apes in here, and apes are friends. We help each other, we care for each other. Ape don't fight ape, apes help other apes! + +Remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. BUY and HODL. + +Okay that is all for now smell ya later! +The time is approaching when there would be no liquidity, no volume, no self-proclaimed art geniuses willing to buy anything anymore. + +It requires almost zero efforts to actually create an NFT and sell it to the general public. Worst yet, you can google a image and make it your own NFT. A colleague of mine has sold a pirated copy of a comic on wax.io. + +Even this could've been fine had these NFTs sold for a few dollars, but the bigger NFT projects with 1000's of the similar art designs are selling individual NFTs for as much as 3/4 SOL. $600 for a picture of a turtle and -to hit the final nail in the coffin- you're not the only one with such a photo, there are 9999 more such photos who've paid the same price for it. Imagine what would happen when all of these folks will try to sell their 'unique' pieces to the public at once. + +Most of these NFT projects don't even have a working game where these NFTs could be used. It literally serves no purpose at all. They've just sold a dream in the manner of a roadmap. Yet they are selling like hot cakes. + +This is worst than margin trading, atleast there you are trading with something which ideally should've some real value. Here you are just playing with fire. +Hi guys I hope everyone is well and staying safe. + +I was speaking to my mum this morning and she told me that someone has used a PayPal account linked to her bank and has cleared it out. There wasn't much in there, but it's still quite significant. + +My mum has said she's called the bank (Barclays) but they said they couldn't help. +She's then had to create a PayPal account (as she didn't have one in the first place!) to contact them to see say that someone has scammed her. +She's not very tech savvy, and lives in an area with AWFUL WiFi/phone signal (seriously, there was a BBC news article on their village last year as it's basically a black hole for signal). I live 4 hours away so can't help. I've told her to go to the bank in person and explain the situation. + +Is there anything else I can recommend to do? +27 y/o working recently employed in the finance sector, $80,000 per year. Only work expenses are phone which doubles up as work phone and laptop which I use for work. Home internet bill too I suppose. + +I’ve always done my own tax return on etax accountants, but prior to this I did not use internet, phone, laptop etc for work and worked in a different industry. Is there any reason for me to go to a physical accountant as opposed to doing it myself on the etax online portal? +I’m very unhappy with where I’m working and feel that myself and colleagues have been taken advantage of. + +Background & hours: +I’ve been here for 2+ years and have always been told that our start times are the following: +Mon-thu: 8:30am to 6pm (1hr break) +Fri: 8:30am to 5:30pm (1hr break) +Total weekly hours = 41.5. +This is 3.5 hours over what my contract states, and doesn’t include any hours that we come in early or stay back late. +It’s important to note that every single full time staff member works these hours. We have been spoken to if we arrive after 8:30, and have to ask for permission to leave before 6. + +Contract: +The contract is very vague and just states a core 38 hour work week with the clause “However from time to time you will be required to work such hours as may be necessary for the effective and prompt performance of your duties in the position” + +Our start and finish hours are not in writing, and when I have asked for them in writing, management have not replied to my emails and have simply said verbally that the hours we work are the standard in the industry, if you want to succeed you must put in the hours etc. + +Recent update +We recently had to sign a new policy document which vaguely referred to arriving and finishing at the times stated in our letter of offer. There are no times stated in our letter so the issue was raised of what our actual hours are. This is when management became very defensive. +My colleague emailed some of our concerns & was given an offical warning for putting her concerns in writing. She was crying and said she was going to quit. +In our team meeting I asked our ‘hr person’ what out hours were & when and he shrugged and said he didn’t know. The boss also would not answer this question. + +Changed hours +This week, management announced (verbally) that our hours would now be standardised with our parent company (9am-5:30pm). I asked about getting these changes in writing & back pay, and again they just dodged the question. She actually said she couldn’t put anything in writing because the boss told her not to. + +Extra info: +Small company ~ 15 people +Most of the management team are directly related to the boss (wife, sister, family friend etc.) + +If anyone has been in a similar case or has any advice I would be very grateful. I feel that I need a lawyer but nothing is in writing. + +TLDR: Was working 3.5hrs extra core hours per week for 2+ years. Working hours have now been changed but management are acting very dodgy and won’t put anything in writing. What are my rights? +**EDIT 3: As explained in the comments below, the puts are NOT used for covering FTD's - they're used as a method of shorting.** Here's the comment below from u/blutch14 that clarifies further *"those are used to set up short attacks, as buying a put with high deltas requires the MM to short shares directly into the market as a hedge. deep OTM puts are like 1->50."* + +Going through the live options flow data, it sure does seem strange how many far dated, OTM puts are being bought and sold immediately. I can't tell from the data if they're being exercised or just sold but it makes no sense because the value of the option didn't change much, if any, from the original price. + +I've never seen the premium so high with no variance between calls and puts. They're virtually ALL puts today. + +It sure does seem like someone's buying, exercising, and filling FTD's via puts. Then, in a few days, the market maker will go out and "create" liquidity and then let those fail too. + +Not sure wtf to call this...possible DD, speculation? I chose speculation. + +EDIT 1: Also, please note the time...**this is only in the first 2 hours of trading TODAY!** + +Edit 2: More coming through real-time. The first image is the most recent. + +**EDIT 3: As explained in the comments below, the puts are NOT used for covering FTD's - they're used as a method of shorting.** + +https://preview.redd.it/o9xm0a1y9e891.png?width=1279&format=png&auto=webp&s=68317a6587f329952e517ff3dae63e708b2af227 + +&#x200B; + +[Each grouping shows the buy\/sell coming through and the premium for each option](https://preview.redd.it/n7ouc1vb7e891.png?width=1627&format=png&auto=webp&s=2961e2c61bed506bdc3a4ae53e5eea2211285d7f) + +&#x200B; + +https://preview.redd.it/pykmv6jh7e891.png?width=1625&format=png&auto=webp&s=cc288bd7892a64c03521576a2c45fd26c9e5bd2e + +&#x200B; + +https://preview.redd.it/5fkm9zak7e891.png?width=1627&format=png&auto=webp&s=c5bdb8125dc7f21e4bf4b1a178e760e0060befb0 +Time and time again I am astounded at the level of critical peer review here. Headlines that get many of us excited are often disproven, or at least handed a heavy grain of salt in the comment section. While some of that may be mistaken as FUD, oftentimes what I see is generally very solid critique. What this shows me, personally, is that when there is legitimately positive news and substantive quantitative research shared here, WE KNOW that what we see is genuinely a reason to get excited about GME. + +In my few years trading stocks and my decade spent on Reddit, I cannot think of a single other community focused solely on one challenging thing (especially making money investing, double especially for subreddits focused solely on investing in a single security) that goes so far to dispel “good news” if, upon further, critical inspection, the substance of the news/research actually points to being sweet nothings at best, and misleading or downright false at worst. + +I know there’s a running joke here about how we’ve all gotten a “college degree” in finance from the University of r/SuperStonk, but as a graduate student with 2 master’s degrees, I seriously want to commend everyone here for upholding a culture of consistency and accuracy over blind faith and hype. The level of peer review truly is top tier as far as internet communities go. + +Our time is coming Apes! Buy and hold fellas, for Valhalla we come! +Hi Everyone, + +Hoping to get your thoughts on something I've been contemplating for some time now. + +I've been DCAing into stocks and Bitcoin for a few years now but recently have been considering liquidating all my stocks and completely transitioning into Bitcoin. I would no longer invest in stocks and continue investing 5% of my income into Bitcoin, possibly increasing it to 15% or 20% of my income. + +Good or bad idea? +It was a tragic boating accident. I just moved all my bitcoin to a hardware wallet, when it happened to slip my hands and into the ocean. + +Any further transfers done on that wallet are because of Poseidon. +Every post on here has comments that should be left to the WSB folks. Don't get me wrong, I love WSB and all the posts there have their place. But I feel if you are going to have a sub that is different you need to start making rules that remove these comments and start enforcing the rules. + +Every post has the same comments: +4/20 TSLA Calls! +SPCE OTM calls to the moon! + +I know these guys probably got banned from WSB and have nowhere else to go but either this sub is satire or it isn't. +Title says it. If you are going to be toxic about it don't share it. + +Thank you for sharing this will help A LOTn + +&#x200B; + +Okay so we need a LOT of details. + +0) Explain the strategy (indicators,patterns. idk whenever or whatever it is) + +1) Is it a Day Trading strat? + +2) Which kind of stocks do you trade? Gappers? 1Billion$+ companies? be specific AKA your scan details. + +3) At what time of the day does the strategy work. + +4) What is the winning % rate + +5) How long have you been using the strategy for? + +6)How often do you come across this setup? + +&#x200B; + +Big thanks if you shared. Will help me and plenty of others +**Tl;dr:** GameStop has been testing ways to introduce NFT tech to the 'layman'. The NFT contest posted by Ryan Kagy seems innocuous but he gathered valuable information about the customer education process. We apes are the BRIDGE that will let GameStop quickly and effortlessly "cross the chasm". We are *both* the **early adopters & early majority**. We are the ones who will teach the public how to use NFT tech and push it toward ubiquity. + +**Ta;dr:** DRS your shares so you can join the imminent NFT party. + +— + +This is all speculation and my opinions based on my experience in marketing and branding. Not financial advice and all that jazz. + +# Introduction + +After seeing the 6969 winner from Ryan Kagy's Twitter [post about his experience with setting up the NFT wallet](https://www.reddit.com/r/Superstonk/comments/qeck79/i_was_rskagy_ryan_kagy_gamestop_nft_education/) (if that's not the right term to call it, please correct me! I'm still an NFT iNFanT.), it confirmed a few ideas I have about GameStop's revolutionary NFT play. + +# The Technology Adoption Lifecycle + +Any new tech company looking to break out of the early adopter stage and into the early majority stage, has to succeed in a major marketing hurdle. It's called the "crossing the chasm" and is the most difficult part of the Technology Adoption Lifecycle. Most tech startups fail in this stage because of poorly executed marketing strategies. Essentially, marketing to early adopters is very different from marketing to the early majority. As lagniappe, Steve Jobs and the iPhone is the all-time best example of how to perfectly cross the chasm. Convincing the world that a touch screen is superior to a panel of Blackberry buttons was no easy task! + +For further information about this idea, I highly recommend reading "Crossing the Chasm" by Geoffrey Moore. But in lieu of reading that book, here is a quick [summary](https://contentfiesta.com/book-notes/crossing-the-chasm/) of the two different stages: + +1. **Early adopters**, *like innovators, buy into new product concepts very early in their life cycle, but unlike innovators, they are not technologists. Rather they are people who find it easy to imagine, understand, and appreciate the benefits of a new technology, and to relate these potential benefits to their other concerns.* ***Whenever they find a strong match, early adopters are willing to base their buying decisions upon it. Because early adopters do not rely on well-established references in making these buying decisions, preferring instead to rely on their own intuition and vision, they are key to opening up any high-tech market segment.*** +2. The **early majority** *share some of the early adopter’s ability to relate to technology, but ultimately they are driven by a strong sense of practicality. They know that many of these newfangled inventions end up as passing fads, so they are content to wait and see how other people are making out before they buy in themselves.* ***They want to see well-established references before investing substantially. Because there are so many people in this segment—roughly one-third of the whole adoption life cycle-winning their business is key to any substantial profits and growth.*** + +&#x200B; + +&#x200B; + +https://preview.redd.it/o3auyc1ebev71.png?width=560&format=png&auto=webp&s=8c1d76d695305cfa885326ebe27b416b4ddc67b5 + +&#x200B; + +&#x200B; + +https://preview.redd.it/jzyk917gbev71.png?width=608&format=png&auto=webp&s=a44a62d51b16f29bb11c899c713cb81f1a516844 + +These images aren't mine. I borrowed them from [here](https://www.hightechstrategies.com/crossing-the-chasm-summary/). + +As you can see in the images, there is a transition period between the early adopters and the early majority. This "chasm" requires a completely different marketing approach if the company hopes to reach mass market adoption. + +# Technology Adoption Lifecycle Case Study: America Online + +Let's think about the proliferation of the internet for a moment. If you want to skip the case study example of the Technology Adoption Lifecycle, scroll to the next section. + +I was a freshman in high school when America Online (AOL) CDs were first being indiscriminately cluster-bombed in neighborhoods around the United States. Quite literally, one could expect a new AOL CD to arrive twice a week. For those of you who didn't grow up with that debacle, these CDs would give you AOL software for free. Actually, I believe they were trial subscriptions, but you could simply create a new account with each CD. So you never actually needed to pay. + +Setting aside the fact that the superfluous amount of CDs was likely the single biggest contributor to plastic waste in the late 90s/early 2000s, they are one of the main reasons why the internet became ubiquitous. + +&#x200B; + +https://preview.redd.it/6jsziwalbev71.jpg?width=400&format=pjpg&auto=webp&s=ad6757c74d3d57984059f0dcbacf539cb319c616 + +Think about it: You have this new tech (the internet) and it only gets better the more people use it. Unfortunately, most Americans have no idea what the hell an 'internet' is, nor how works or how it fits into their lives. Until AOL, it was only known about in the early adopter crowd. + +This was the chasm for the internet. Any company could've succeeded in getting America online (heh!), but only AOL did it. They realized that there was this gargantuan market share that was untapped and ripe for the picking. + +How do you market to this group? You can't throw a bunch of tech mumbo-jumbo at them. Remember, these are essentially Boomers (completely tech-illiterate) and Gen X-ers (suspicious about *anything and everything new*). + +Well, you make a simple, easy, and harmless way to introduce them to the internet. + +1. A CD that they are all familiar with using; afterall, CDs/hard disks were the only way to install new software and everyone with a computer had to use them. The CD installation walked them through the onboarding process, step-by-step (ooh baby!) connecting to the internet. + +&#x200B; + +https://preview.redd.it/5m61y25obev71.png?width=640&format=png&auto=webp&s=9e68f866541158332cd7bca6cc306d3cdc762306 + +&#x200B; + +1. Cute and fun icons with exciting sound effects. Chatrooms (A/S/L?), information at their fingertips + +&#x200B; + +https://preview.redd.it/7oyzdgypbev71.jpg?width=320&format=pjpg&auto=webp&s=d0441c4ff181c0c2a91be019811d6c48aaf17465 + +1. Mass media blockbuster that puts AOL front and center to create FOMO. + +&#x200B; + +https://preview.redd.it/ve5uzyqrbev71.jpg?width=378&format=pjpg&auto=webp&s=0b8476eae947a15ecc2bd4e132886e878da728f8 + +&#x200B; + +In the case of AOL, my opinion is that they actually *forced the* early majority into *becoming* early adopters through ease of use and a streamlined onboarding process. Then relied on the network effect to grow AOL's market share. This was genius on the part of AOL, and many tech companies have implemented this same strategy (Netflix, Facebook, Amazon). Unfortunately for AOL, they are well past their twilight years and will disappear sooner than later. Thus is the circle of life for every company. + +&#x200B; + +# How does this relate to GameStop? + +So how does this idea relate to GameStop? Refer back to the definition of early adopter and early majority: + +Early Adopter + +>*Whenever they find a strong match, early adopters are willing to base their buying decisions upon it. Because early adopters do not rely on well-established references in making these buying decisions,* ***preferring instead to rely on their own intuition and vision,*** ***they are key to opening up any high-tech market segment.*** + +Early majority + +>***They want to see well-established references before investing substantially.*** *Because there are so many people in this segment—roughly one-third of the whole adoption life cycle-winning their business is key to any substantial profits and growth.* + +In short, early adopters are the "*trendsetters*" and early majority are the "*bandwagoners*". + +&#x200B; + +[Have you DRSed your shares yet?](https://preview.redd.it/0ufzezeubev71.png?width=677&format=png&auto=webp&s=707d4386f797543fcf2d1f30d982885947a4f907) + +I believe GameStop will be the bridge that introduces the blockchain and NFT marketplace to the layman. This will make them one of the biggest (both in market cap and market share) blockchain tech companies in the world. + +I [made another post](https://www.reddit.com/r/Superstonk/comments/pnh88n/shower_thought_gamers_are_the_reason_rc_chose/) a month or so ago about why I think RC chose to invest in GameStop. It's nothing ground-breaking and neither is this post. But it's still worth talking about as we approach the heavily anticipated Q4 (looking at you Loopring!). + +&#x200B; + +# Creating the Network Effect + +If we apply the Technology Adoption principles to what we suppose RC is doing, apes would be an amalgamation of early adopters *and* the early majority. He proved this would work with the tenacity we all show when holding GME. We are willing to trust RC and the process and get jacked to the tits about every single thing the company is doing. We could be categorized as early adopters for GameStop NFT. But at the same time, we *aren't* early adopters because many of us don't even know the first thing about NFTs and blockchain. + +Take myself as an example, I know shit about shinola when it comes to NFTs and blockchain. But if GameStop releases it in a way that is easy-to-understand, easy-to-use, and easy-to-integrate into my life, I sure as hell am going to get me a piece of that. + +And apes **talk** about GameStop NFT. We are the one of the biggest grapevines this world has ever seen. Imagine the hype we feel when speculating about GameStop NFT on Superstonk. Realize too, that we know nothing about anything they're doing behind the scenes. Now imagine the word-of-mouth frenzy that'll ensue once GameStop announces what they've been building. Ridiculous. FOMO. + +&#x200B; + +https://preview.redd.it/rlnwxuuybev71.jpg?width=506&format=pjpg&auto=webp&s=17421524f4c4f3341e760e9873be68a6bf2656d2 + +We hear a bunch of chatter recently about other companies purportedly developing their own NFT marketplaces. [Coinbase immediately comes to mind](https://blog.coinbase.com/coinbase-nft-is-coming-soon-join-the-waitlist-today-for-early-access-cc7bac29fd72?gi=c6066883151) and I recall hearing whispers about [Jack Dorsey/Cent](https://cent.co) and [Facebook doing something in the space as well](https://www.bloomberg.com/news/articles/2021-08-24/facebook-fb-explores-nfts-as-part-of-novi-digital-wallet). + +Now before I smack down those companies attempts to do what only GameStop can do, read this about crossing the chasm: + +1. &#x200B; + +>In order to convince your target segment you’re selling a holistic, well-supported product with good references and establish yourself as the market leader, **you have to strictly sell to only your target group**. [Source](https://fourminutebooks.com/crossing-the-chasm-summary/) + +2. + +>What the early adopter is buying is some kind of change agent...**They expect a radical discontinuity between the old ways and the new, and they are prepared to champion this cause against entrenched resistance.** Being the first, they also are prepared to bear with the inevitable bugs and glitches that accompany any innovation just coming to market. +> +>By contrast, the early majority want to buy a productivity improvement for existing operations. They are looking to minimize the discontinuity with the old ways. They want evolution, not revolution....And above all, they do not want to debug somebody else’s product. **By the time they adopt it, they want it to work properly and to integrate appropriately with their existing technology base.** [Source](https://contentfiesta.com/book-notes/crossing-the-chasm/) + +&#x200B; + +Firstly, *who* would Coinbase be targeting to? Current users? Good luck scaling. New users? Good luck getting them. Coinbase may have billions of dollars in valuation but they lack brand equity. Gamestop does not. The very word "GameStop" invokes emotions, memories, nostalgia, and passion. You CANNOT replicate that. + +GameStop's target group — gamers — *are* the target for GameStop NFT. They're one-in-the-same! RC knows this and will leverage GameStops brand equity when they start marketing their NFT marketplace. AND they will be the **first** **mainstream** NFT marketplace. I didn't say the first NFT marketplace, but the first *mainstream* NFT marketplace. Remember, NFTs are not mainstream — yet. + +&#x200B; + +>Immutable Law of Marketing #3: Law of the Mind - It's not important to be first in the market but **first in the mind of consumers**. + +&#x200B; + +Secondly, **about that Wu-Tang Clan NFT album**. If that actually becomes a dividend of some sort, then GameStop will have the beginnings proof of a properly working NFT marketplace that can integrate into existing tech base (hello Loopring!). The early majority **need** this if they are to adopt a new tech. In other words, RC could use an GameStop Wu-tang Clan album NFT dividend as early majority proof of product/service. + +&#x200B;