diff --git "a/reddit_finance_43_250k_418.txt" "b/reddit_finance_43_250k_418.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_418.txt" @@ -0,0 +1,10000 @@ +Submit your analysis for the upcoming week within. Here's the mandatory criteria: + +* Technical Analysis (TA): You *must* include at least your target numbers for entry, take profit, and stop loss, as well, you absolutely must give reasoning for why you are making the trade.. Just that meets the minimum requirements, but, to be frank, that kind of post sucks. We want CHARTS, dammit! Beautiful, clearly laid out charts that show us a graphic representation of your thought process. Whether you are a knife edged Price Action commando with no indicators, or a firm believer in a discotheque glow in the dark chart, it does not matter. Give us a chart from your broker/chart platform with your entry, SL, TP, and what indicators/variables you are using, along with *your analysis and thoughts on why this currency pair is going to go your way*, and you are set. + +* Fundamental Analysis (FA): You *must* include at least your target numbers for entry, take profit, and stop loss. As well, you absolutely must give reasoning for why you are making the trade. Just that meets the minimum requirements, but, to be frank, that kind of post sucks. We want LINKS and ARTICLES, dammit! Show us the news that you used to reach your assertion that this pair is going the way you think it is. + + +##**This thread died in the past due to lack of use. If you want it to thrive, you need to fill it, so keep it going, traders!** + + +**ALL OF YOU SHOULD HAVE A CALENDAR** + +This week: The big bear in the room is the FOMC! Everyone's favorite person, Janet Yellen (see sidebar), will be making big announcements. FOMC hits Wednesday, starting at ~ 1400 EST, so be aware. Remember that the USD touches everything. As always, r/Forex recommends exiting the market prior to the FOMC, it really can be a bastard of an announcement with nasty whipsawing in every direction. Don't gamble, trade. + +###**GOOD HUNTING** +TLDR; Until we get fully regulated exchange style trading, **retail** fx will always be the "wild west" and believe me the sharks will eat you alive no mercy. + +So I've been thinking about this for a while now and it kind of worries me. I'm a successful live trader but the "very long term" worries me. What if this and that. I don't want to quit my job and then find out one day that I can't live off of this anymore... I trade with Darwinex at the moment and they are fucking amazing but even then I'm still worried that my relationship even with them might not last very long if I keep winning consistently. + +As I'm sure you are all already aware, currency trading is performed over the counter. Meaning there is no exchange where all parties can trade with equal terms. And that creates an **inherent conflict of interest.** This means that it's not in your broker's best interest for you to win consistently. With stock trading, on the other hand, you are trading on a centralised and fully regulated exchange and your broker will pretty much **NEVER** work against you because the more you trade, the more commission you pay. + +In the world of fx, prices are different everywhere! In the world of centralised exchanges, everybody gets the same price! **This is a reality we all have to face.** + +With fx, sure you have spread and commission but there's always a counter party. And that'll either be: + +1. Another trader (if there's enough people on the other side) + +2. You broker (direct loss) + +3. A liquidity provider (the bank pays the broker who pays you) + +So even if your broker has best model possible, which is working with an LP (NDD/DMA/STP/ECN), the LP might decide one day "hey ban that trader or we stop doing business with you". + +So my questions are: + +A. Let's be brutally honest with ourselves. Is **RETAIL** Forex trading really viable in the long term? + +B. Do you agree with me that we need something like an international exchange facility that is fully regulated? + +C. Do you think this is going to happen anytime soon? + +The only company that I've come across to implement something even remotely similar to this idea (I'm not promoting them just saying) is LMAX Exchange with their multilateral trading facility model which proves fair trading conditions for ALL traders regardless of account size or lot sizes. They really offer full transparency. + +But that's just the first step. It's not quite the right solution, in my opinion. Has anybody come across anything better out there? + +I've read a few articles about the "FX Global Code" and rebuilding trust and bla bla bla but nothing for us poor retail traders. +Guys and gals let me tell yall I went from $68 bucks to 800+ in like month of trading and in two days after I lost it all. + +The market kept reversing on me when I went higher. My ego was so pumped at first because with that growth I was looking at mentorship videos, compound plan. I usually may catch the long or short position so like 2 trades a day. What mess me up I start noticing rejections to the other side and it would go that direction and I would put a small micro in. I was winning then the next following week the fakeout or continue hit me harder than life. I have alot of time invested and I wanna throw in the towel. + +I may take a week off just sucks i feel back into my beginner mode so fast. +I am not just referring to mistakes and losses we made in the past (since mistakes contributed to our learning experience ) but other stuff that you may think of. +I just started my 1st funded evaluation phase for MFF. I think my 2-3 year knowledge and grown skills can help me surpass this evaluation. What are your thoughts on this path I’ve just entered? I want to know your insights when you had your 1st evaluation and how did it go. Negative and positive feedbacks would be appreciated. I just want to know what to expect +I have been practicing on a forex paper trading platform for about 2 months now and still don’t have it down I am losing my mind with how much dedication I’ve put into this and I don’t want to fail. It occupies my mind all day and I just want to get this shit down, it seemed as if in the beginning of my practice I was doing better than I am now. + +It’s just really making me depressed as I see this as the key to personal freedom. +Today I will talk about the beginning of my experience as a trader. + +In the first year I lost a lot of money due to the lack of education, +discipline and patience. I was letting emotions control my trading +decisions and I was having unrealistic expectations. + +My first transaction was short EUR/USD with high leverage and in less than +one hour I doubled my account. I thought that I could get rich quick, but +in less than two weeks, I blew it. + +Now I see forex trading as a long run. I focus more on the money management and on the risk and less on the profits. I always use stop losses and I am not afraid of being stoped out. I have a trading plan. The trading plan made me disciplined, patienced and the more important of all, it made me profitable. If I can do it, you can do it too, but you need to educate yourself. +TLDR; Until we get fully regulated exchange style trading, **retail** fx will always be the "wild west" and believe me the sharks will eat you alive no mercy. + +So I've been thinking about this for a while now and it kind of worries me. I'm a successful live trader but the "very long term" worries me. What if this and that. I don't want to quit my job and then find out one day that I can't live off of this anymore... I trade with Darwinex at the moment and they are fucking amazing but even then I'm still worried that my relationship even with them might not last very long if I keep winning consistently. + +As I'm sure you are all already aware, currency trading is performed over the counter. Meaning there is no exchange where all parties can trade with equal terms. And that creates an **inherent conflict of interest.** This means that it's not in your broker's best interest for you to win consistently. With stock trading, on the other hand, you are trading on a centralised and fully regulated exchange and your broker will pretty much **NEVER** work against you because the more you trade, the more commission you pay. + +In the world of fx, prices are different everywhere! In the world of centralised exchanges, everybody gets the same price! **This is a reality we all have to face.** + +With fx, sure you have spread and commission but there's always a counter party. And that'll either be: + +1. Another trader (if there's enough people on the other side) + +2. You broker (direct loss) + +3. A liquidity provider (the bank pays the broker who pays you) + +So even if your broker has best model possible, which is working with an LP (NDD/DMA/STP/ECN), the LP might decide one day "hey ban that trader or we stop doing business with you". + +So my questions are: + +A. Let's be brutally honest with ourselves. Is **RETAIL** Forex trading really viable in the long term? + +B. Do you agree with me that we need something like an international exchange facility that is fully regulated? + +C. Do you think this is going to happen anytime soon? + +The only company that I've come across to implement something even remotely similar to this idea (I'm not promoting them just saying) is LMAX Exchange with their multilateral trading facility model which proves fair trading conditions for ALL traders regardless of account size or lot sizes. They really offer full transparency. + +But that's just the first step. It's not quite the right solution, in my opinion. Has anybody come across anything better out there? + +I've read a few articles about the "FX Global Code" and rebuilding trust and bla bla bla but nothing for us poor retail traders. +I think its time we take a moment and reflect back on the event, many years ago, that proved bitcoin is unstoppable (at least in the foreseeable future). It seems that the Segwit 2x\\bcash shills have come out of hiding due to the drop in bitcoin's price, as the "bitcoin is terrible as a currency, its too slow" posts and comments have started reappearing + + +The following is much of a repost, but its lore has since been forgot. This new post is a summary of the greatest, most complex attack on Bitcoin yet, that involved every major exchange, mining pool, reddit shilling campaigns, government agents (?) + + +Friendships were broken, but new bonds of brotherhood were forged in the raging furnaces of crypto forums. The epicness of this event makes me laugh at every chode suite and tie commenting on Bitcoin in mainstream news + + +Buckle up buckaroos. + + +Segwit 2X was the equivalent of Goldman Sachs, JPMorgan, every other major bank, the oil cartel (OPEC), colluding to take over the network **BUT FAILING MISERABLY, WITH THEIR TAIL BETWEEN THEIR LEGS, HAVING LOST A FORTUNE TO ACCOMPLISH NOTHING BUT THE RUINATION OF THEIR OWN REPUTATION** + + +[The Darth Vader of Crypto's Official War Declaration](https://preview.redd.it/0zog3kopj8a91.jpg?width=797&format=pjpg&auto=webp&s=c4477b5392e6950d0b9aec1b5b86f6c1880d850d) + + + + +This incident, and the fiasco of the centralised authorities involved (**fuck you Brian Amstrong, you crypto cockroach**, the old timers haven't forgotten where you stood, and have no surprise you sucked daddy government's cock more than willingly: **you deserve to be teabagged with ballsacks dripped in ink that reads "KYC"**) + + +[https:\/\/news.ycombinator.com\/item?id=15867329](https://preview.redd.it/iyvgw5xwn8a91.png?width=1607&format=png&auto=webp&s=efbcd5016ed8d2fb7dcd6c0d41c1982ed07b9006) + + + + +The post below was written by a friend of mine, who was involved in Bitcoin even before I was. I took the liberty of naming and shaming, editing for grammar, linking evidence etc. To give you an idea, he saw Roger Ver shill for Mt Gox [https://www.youtube.com/watch?v=UP1YsMlrfF0&list=PPSV&ab\_channel=RogerVer](https://www.youtube.com/watch?v=UP1YsMlrfF0&list=PPSV&ab_channel=RogerVer) + + +Who is still fetid excuse of a human being? Who is this nerdy Chinese Darth Vader, inciting incest? All shall be revealed: grab your popcorn and let's take it back to 2017 \*retro 2017 music starts playing\* + + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + + +# *Must read for newcomers* My friend worked in the Bitcoin industry for a couple of years and has been involved in the crypto world since 2014. This is what he had to say about the recent politics of btc when someone asked him on our crypto trading channel + +(He first sent this article [https://medium.com/@StopAndDecrypt/thats-not-bitcoin-this-is-bitcoin-95f05a6fd6c2](https://medium.com/@StopAndDecrypt/thats-not-bitcoin-this-is-bitcoin-95f05a6fd6c2), then followed up with this reply when someone told him he had no idea what he just read) + +"There was a big scaling debate and in the end there were two sides. **Those that wanted to scale using bigger blocksize** (short term solution that doesn't work long term and also causes more centralization) **vs those who wanted to scale using changes in the code to make the network more efficient** aka SEGWIT+second layer scaling solutions (bitcoin becomes massive settlement layer, and second layer solutions can take care of verifying your $3.25 coffee payment). + +On the big block side you had (most) miners because they were only able to see the short term benefits of increased blocksize and they do not care about network centralization. Also, a chinese miner, **Jihan Wu, controlling a sizeable chunk of the network's hashrate, had access to (and was in the process of patenting) this technology called ASICBOOST** which is an exploit in bitcoin code that allows you to "cheat" and get extra hashing power out of your miners**. Essentially they had an unfair advantage and the KEY is that the segwit upgrade fixes this exploit.** + + +Alongside these **miners you had a couple of misguided (but incredibly wealthy because of early adoption) individuals** who either have a reason to see bitcoin fail (like they are heavily invested in altcoins now) or they are too pigheaded to back down when wrong (or some of them I'm sure are not actually intelligent enough to understand they are wrong). + +**On the Segwit side you had all the core developers** (the guys who worked side by side with satoshi to build all this and have been contributing to the code for years every day), **the majority of the userbase, AND the vast majority of bitcoin companies. The two sides were basically arguing over who had control over bitcoin - was it the miners, or was it the users?** Was it those who chose which software to run (users) or was it those who verified transactions for that software (miners)? **(The answer as you will see shortly is Users).** + + +So basically these miners were stalling the upgrade because it would mean the end of their unfair (AND patented) advantage. **This massive stalemate in the debate caused a community led uprising known as the User Activated Soft Fork movement (UASF).** These guys basically said "We're switching our nodes to Segwit software starting Aug 1 and we will be rejecting all mined blocks that do not comply with the new code". **This forced the miners' hand as they realized they would either be forked off the network or have to go along with the new upgrade** to make sure everything continued to go smoothly (including their profits). + +The movement gained enough support to freak out some big money bitcoin CEOs who got together in a room with the miners and made a deal behind closed doors known as the **New York Agreement (NYA). This is where Segwit2x was born**. **The key to note here is that not a single core dev was invited to this meeting** (in fact, not a single competent dev in general was invited). The terms of the deal were: **You guys agree to implement Segwit now, and then we'll agree to an increase in block size later.** Deal was made and obviously the majority of the user community was in an uproar because bitcoiners hate closed door deals (and they should for good reason). + +That being said, it got **Segwit activated because it gave miners an easy way to safe face and go with segwit and the community instead of seeing their profits get wrecked by a messy chainsplit**. However, do you remember that sneaky miner who had patented the ASICBOOST technology? Well he was part of the NYA and he decided to fork off anyway and create Bitcoin Cash. **So stop right here and realize that the only reason we have bitcoin cash is so that some miner, Jihan Wu, with a ton of hashing power could keep his unfair advantage over the network** (he stills mainly mines bitcoin by the way because he would go out of business if he switched entirely to bitcoin cash). Also at this point, technically the **NYA was broken** because the whole point of it was to avoid a chainsplit and go with segwit followed by a block size increase whereas bitcoin cash was a clear chainsplit. + +So for a few months everything was ok because we had Segwit, core devs were still with us, and (supposedly) anyone who wanted bigger blocks had forked off to bitcoin cash right? **Wrong. See it turns out that those guys who made that backroom deal with the miners also had their own interests which involve removing the current core developers from their (imagined) seat of power.** It is classic old school business politics - they don't care that core the devs are based around principles of meritocracy and peer review. They just want to have more of a say in the direction bitcoin takes. At this point, you might be thinking, "Ok but its fair for companies who use a product to have a say in its development, right?" **NO. Not when the "product" at stake is meant to be an incredibly secure, incorruptible ledger that can hold trillions of dollars in wealth and still be hosted online accross the world.** + +The fact is that no one understands the code better than the core developers and no one has more of an interest in seeing bitcoin stay decentralized and secure than these guys do. **These guys literally cum buckets everyday to how much they love coding bitcoin.** If Satoshi is Cypher Jesus then these guys are his Apostles. And on the other hand you have some **severely misguided corporate buffoons who think they have the knowledge to negotiate a compromise with a group who has nothing but short term profit in their sights**. And when the core developers are like "wtf dude?" and the community stands behind them, then these guys resort to essentially trying to kick core out of bitcoin by starting a new chain. **A new chain which was based on a compromise that no one wants or needs anymore.** And the excuse these CEO's are hiding behind is "We don't want to go back on our word." Classic business mindset vs coding mindset. + +ur word." Classic business mindset vs coding mindset. + +Now we come to the current situation where there are basically 4 sides + +1. **Core developers, and those supporting them** +2. **The (remaining) signers of the NYA and those supporting Segwit2x** +3. **Malicious third parties who just want to see bitcoin fail (invested in altcoins/bitcoin cash or they are the Joker and just want to see shit burn)** +4. **Innocent bystanders** + +The core developers are continuing to code and improve bitcoin and they are working on second layer solutions. They haven't stopped development and have actually made a TON of beneficial changes to the code since the Segwit upgrade allowed them to. Being non-political or atleast being shit politicians, these guys do not know how to handle themselves with other people and either don't speak much or come off as pretentious d\*bags (trust me I used to hate them before I smartened up). + +The remaining NYA signers. I say remaining because alot of companies left when they saw the massive backlash from the community. **The only signers left are miners and then a group of around 30 companies which all have ties to Barry Silbert's holding company Digital Currency Group and suprise surprise who do you think got that NYA meeting together in the first place? Silly Silbert** indeed. He's basically trying to do a sort of corporate take over of bitcoin where he decides who is writing the code and how they write it. Oh also I should note here that **these guys have 1 developer working on the Segwit2x code. Yes 1, Jeff Garzik**. Coding ability? Mediocre at best. All he did was copy and paste the entire bitcoin core code (because its open source) and changed the one little value that dictates block size. He changed a 1 to a 2 haha! And **when he tried to make other changes he made critical mistakes that had to be fixed by CORE DEVELOPERS** hahahaha! So how the f\* does that even compare to an army of geeks who have been coding bitcoin for years and coding in general for decades who are all constantly trying to find mistakes in each others' work. SO people supporting Segwit2x are either severely misguided, hate core devs, or don't have all the information to make an informed decision. + +Now the malicious actors. These are people who have a **vested interest in seeing bitcoin crumble. I'm talking about big altcoin investors and bitcoin cash supporters** (yes the guys who have ASICBOOST and want are the reason for this whole mess in the first place). And Segwit2x has presented them with a beautiful vector of attack. Divide and conquer. Right? And whereas with bitcoin cash there was replay protection (meaning the split was pretty clean and bitcoin was largely unaffected) this time they haven't got any planned - so should things go through as planned, things could get messy. + +Then you have all those **innocent bystanders** who don't really know what to think anymore. Things have gotten so convoluted and complicated that it is hard to follow who wants what anymore. These are the people who will get the most fucked by something like Segwit2x because they won't understand the risks as it is happening and they won't have the knowledge to know which wallets to support. **Imagine Segwit2x happens and one wallet sticks with the core version of bitcoin and the other wallet supports the segwit2x version but they both just say "Bitcoin".** + +That is why people are soooooooooooooo strongly opposed to Segwit2x more than anything. **It is nothing more and nothing less than a hostile takeover attempt.** And at this point that should be more than clear because why else would you still support the compromise made with miners who broke the compromise by creating bitcoin cash? **No one wanted Segwit2x in the first place. People wanted bigger blocks, or segwit, not both**. Segwit2x was never a faction in the debate. It was a faction that was spawned by those who created the **New York Agreement** because they saw an **opportunity take control of the software development** from a group of developers who have been working on it for years and who strongly oppose corporate interests getting involved in bitcoin development." + +(I will name and shame the main malicious\\misguided actors and add details based on personal discussion with him and add articles for further reading) + +**Barry Silbert** + +* legit wants btc to succeed but he is also a corporate fool: used to be an investment banker and doesn't know dick about coding +* hates core developers because they are pro decentralization over ease of use for businesses +* misguided +* further reading: [https://medium.com/@charlescmackay/barry-silbert-and-the-cost-of-bitcoins-malfeasance-culture-f83d15ad07d1](https://medium.com/@charlescmackay/barry-silbert-and-the-cost-of-bitcoins-malfeasance-culture-f83d15ad07d1) + +**Erik Vorhees** + +* similar situation as Barry Sillbert +* misguided +* [https://www.reddit.com/r/Bitcoin/comments/72x8m6/an\_open\_letter\_to\_erik\_voorhees/](https://www.reddit.com/r/Bitcoin/comments/72x8m6/an_open_letter_to_erik_voorhees/) (check out the post and the critiques in the comments) + +**Jeff Garzik** + +* already talked about in the post +* misguided + +**Roger Ver** + +* former "btc jesus", early adopter, hardcore libertarian +* got into altcoins and now became "btc antichrist". uses wealth and power to try and ruin btc whenever he can +* always came across as a "huge fake pussy" even before he revealed himself to be a bitcoin basher +* malicious actor, "fraud" +* [https://medium.com/@WhalePanda/roger-ver-from-bitcoin-jesus-to-bitcoin-antichrist-69fc7a17c622](https://medium.com/@WhalePanda/roger-ver-from-bitcoin-jesus-to-bitcoin-antichrist-69fc7a17c622) + +**Jihan Wu** + +* only wants more money and power +* controls shitload of hashing power, got all sorts of alternate agendas (conspiracy theory he is aligned with the Chinese government\\subsidized by them) +* tried to exploit ASICBOOST to get unfair advantage and dominate hashrate even harder +* malicious actor + +[https://medium.com/@WhalePanda/asicboost-the-reason-why-bitmain-blocked-segwit-901fd346ee9f](https://medium.com/@WhalePanda/asicboost-the-reason-why-bitmain-blocked-segwit-901fd346ee9f) + +there you guys have it, a comprehensive rundown of bitcoin politics from the point of view of someone who supports the original vision of Satoshi Nakamoto to the core. I hope it informs those of you who got confused by the FUD. + +**Bitcoin belongs to the community, always and forever** +**----------------------------------------------------------------------------------------------------------------------------------------------------** + +*Post Scriptum*: the attack was called off in humiliation on ***November 8th, 2017: Bitcoin's Independence Day*** from the centralized entities, whose equivalent in the fiat world, control the wolrd with an iron vice grip. This is why, **even if all exchanges burn to the ground, government tries to take over miners, bla bla bli bla bla bla, Bitcoin will be fine, has always been fine, and will continue to be fine** + + + + + +[Note how the whole \\"movement\\" was called off by 6 people](https://preview.redd.it/ne3pangnq8a91.png?width=817&format=png&auto=webp&s=aa357245553e1ec271a0c72a785485b4d957fabc) + +**Once More: Bitcoin belongs to the community, always and forever: the USD price, the big businesses acting like they own Bitcoin, the constant FUD, can suck our collective HODLER cock** + + +[The Fate That Awaits All Those That Think They Can Co-Opt Bitcoin](https://i.redd.it/9euyzb0tj8a91.gif) +You know what I mean, you make good money from the career, but it's not your "passion". You do it as a job, and sometimes wonder why. + +Anybody feel this way? Or felt that way? And found a way out while still maintaining same financial good situation? +Hi guys. I know alot of people have asked this question before and the answer is always in the lines of "if you can afford it... if it makes you happy" etc... but here's another one anyway. + + +I currently drive a little polo (12 plate) right now. Have owned it for 4 years. I took over the finance when my mum passed and I was fortunate enough that my mum paid quite a bit already before her passing. Now, nothing wrong with the car. Never gave me any headaches but I would like to have a nicer ride. No other reason. Not even a massive petrol head but have always dreamt of a nice coupe since I was a teen. + + +Financially I think I'm doing okay. I make around £2300-2500 a month and I put away nearly £700 in total to LISA, Holiday money, Family and Vanguard. I have 0 debts and I currently have £15k in LISA and £3k in Vanguard. The value of my car is £6k so a dealership would probably give £5k for it. The car that I want is around £9-10k so I'm thinking of getting a £6k loan from the bank which is going to be £133.47/pm for 4 years @ 3.3%. Insurance is gonna go up to £1k from £600 so I also need to account for that. Should I do it or not? +I’m a little confused about something. On Sunday June 10, Pundi X (NXPS) suspended all NXPS transactions after a hack on the Coinrail exchange compromised 3&#37; of the token’s supply. On Wednesday, Pundi X said it would turn trading back on for exchanges, but any withdrawal or deposit of NXPS would remain suspended. This meant that only centralized exchanges would be able to enable trading of NPXS (using the existing NPXS balance in the exchange). Decentralized exchanges, on the other hand, would have to wait until the withdrawal/deposit functionality became available, since DEXs by nature never hold customer tokens. + +But IDEX — which is supposedly a “decentralized” exchange — announced on Wednesday that NXPS would become available for trading again, and that withdrawals/deposits would remain suspended: + +[https://twitter.com/Aurora\_dao/status/1007010159829413888](https://twitter.com/Aurora_dao/status/1007010159829413888) + +Pundi X contract: [https://etherscan.io/token/0xa15c7ebe1f07caf6bff097d8a589fb8ac49ae5b3#readContract](https://etherscan.io/token/0xa15c7ebe1f07caf6bff097d8a589fb8ac49ae5b3#readContract) + +On Thursday, IDEX showed $280,460 of NPXS volume in the last 24 hours. + +This must mean that IDEX pools customer tokens in a private wallet to process trading and that trading on IDEX occurs within their own private contract. This allows IDEX to move tokens from user to user as long as they don’t withdraw them. If this is the case, how is IDEX actually decentralized?? For an exchange to be decentralized, transactions must occur between between the customers’ private wallets, with the exchange never holding or having access to their tokens. + +Can someone explain this? If IDEX is in fact holding customer tokens than I think it’s only fair that they change their name and STOP calling themselves decentralized. This is a big problem in the industry -- apps, exchanges and wallets calling themselves decentralized when that’s not actually the case. +By simple technical analysis (which redditors seem to think is voodoo magic), you could have avoided taking loses and protected your gains. There is no telling how low ETH will continue to drop, no one really knows. The daily chart was screaming weakness and overextension, and the bull trap just a week earlier was a good exit if you missed the top. I made a thread some time ago calling out the further drop but it got shit on like usual. You better believe I took profits, and I will buy back when momentum has shifted but right now its looking rather dim in the short term based on the chart. + +All you rookie crypto traders need to take note and stop being so blind to whats in front of you. I expect a barrage of down votes but thats okay. ETH trader should change its name to ETHodler because there is no trading that takes place in here. +So today I figured I would swap some ether to BAT and WBTC and lend on Compound. I generally like to use Uniswap for things like this, but this time I decided to go with MakerDao's Oasis because there was a slightly better rate for the WBTC/ETH pair. I also went directly to the "instant" trading tab because why bother with all the curves and data etc. + +The instant trading with WBTC went well, $500 worth of ETH for $500 worth of WBTC. I then went directly for the BAT/ETH pair on the same page, put in $500 worth of ETH and hit confirm without even checking the numbers. I have always done this way with my stock broker and things never went wrong there. + +What's different this time is that **hardly anyone trades the BAT/ETH pair on Oasis at all.** In fact, the last trade happened 5 days ago and the one before that was on 12/22 last year. I was only the second person traded BAT/ETH on Oasis for the entire year of 2020 so far! + +**With this one single trade I raised the price of BAT almost 10 times** from 0.001 ETH to 0.009 ETH. Basically I paid $500 worth of ETH for $50 of BAT. + +Fortunately $450 is not a terribly large amount of money and is something I can afford to lose. However, I can't imagine making the same mistake with a trade of tens of thousands of dollars. So fellow noobs, please learn from my mistake - crypto trading is very different from stocks, and always take time to double, triple check your order before submitting. Thanks. +Hello, + +As per the title, I'm currently sitting on approx. 70k in savings from the past decade of working life. I've not been very sensible with my finances thus far, in that my earnings are all sitting in ordinary bank accounts (I'm deeply regretting having not invested them earlier after reading [this thread](https://www.reddit.com/r/UKPersonalFinance/comments/ma3qwh/should_i_have_invested_in_a_stocks_shares_isa_for/)!) + +I don't have much of a risk appetite, but want to put at least some of my savings somewhere that will hopefully give me a half-decent return on them. + +From the research I've done, an investment ISA seems the best way to go, but I don't know how to begin to choose one. A relative had suggested I look at Brewin Dolphin, which is where I began, though they seem to have a pretty mixed reception to the extent that I can find any reviews of them. Other ISA providers like Vanguard and Nutmeg seem to have better press, but I'm struggling to discern the advantages and disadvantages of each. + +My goal, assuming an investment ISA is the right route to go down, is to put 20k in before the beginning of the next financial year. I would ideally like to park it somewhere that I can access it without stress if necessary. I may like to put a deposit down on a house soon, though probably not for a couple of years, and my work situation is also a bit precarious due to Covid (travel sector), so while i have a lot of savings I don't want large sums locked away and inaccessible should I need to draw on them. + +If anyone has any recommendations for what I should be doing, whether in terms of choosing an ISA or other investments I should consider, I'd be very grateful for the advice. +https://www.reddit.com/r/UKPersonalFinance/comments/akb1er/bank_have_merged_me_and_my_dads_accounts/ + +Hi all, + +Please see above post (TL;DR is the bank merged me and my dads bank accounts as we have the same name and address. the issue wasn’t resolved for a long time, we could see each and have access to each other’s accounts, credit cards etc) + +It’s now resolved and we have fully separate accounts and IDs, they’ve asked me for a compensation amount that I think I am entitled to; I asked them what their first offer is + +They offered 400 - I was hoping for closer to 1k due to the scale of this breach and the absolute nightmare it’s been to sort out...is this completely unrealistic? What would you go for? +http://www.dailymail.co.uk/news/article-3166511/Barclays-lock-vulnerable-man-two-bank-accounts-inadvertently-putting-200-000-debt-say-t-Monday.html#readerCommentsCommand-message-field + +Daily compilation of important posts from Superstonk and GME. + +**[[History](https://www.reddit.com/r/Superstonk/comments/n3rxeb/daily_ddsnewsdiscussions_compilation_history/)]** + + +Previous Close: **$169.04** + +### Superstonk +Moderator + +- [Bringing in the fire extinguisher.](https://www.reddit.com/r/Superstonk/comments/omubcs/bringing_in_the_fire_extinguisher/) + + +News | Media + +1. [Mods removed , ape fest cancelled, new DD on the way. The balance has been restored , this is the way.](https://www.reddit.com/r/Superstonk/comments/on0vcv/mods_removed_ape_fest_cancelled_new_dd_on_the_way/) + +1. [🚀 Tom Majewski still spittin' 🔥 on LinkedIn 💎🙌](https://www.reddit.com/r/Superstonk/comments/ommc86/tom_majewski_still_spittin_on_linkedin/) + +1. [Back to business!!!](https://www.reddit.com/r/Superstonk/comments/omz498/back_to_business/) + +1. [FINCEN](https://www.reddit.com/r/Superstonk/comments/omz29h/fincen/) + +1. [I remember hearing something very similar in 2008. Must be a coincidence](https://www.reddit.com/r/Superstonk/comments/on5gks/i_remember_hearing_something_very_similar_in_2008/) + +1. [Want to be a YouTube streamer? GameStop now has you covered with all the gear you'll ever need!](https://www.reddit.com/r/Superstonk/comments/omqs9o/want_to_be_a_youtube_streamer_gamestop_now_has/) + +1. [GameStop is Leasing Amazon-sized fulfillment centers](https://www.reddit.com/r/Superstonk/comments/omxaei/gamestop_is_leasing_amazonsized_fulfillment/) + +1. [National emergency by monday? Cant close loans? Ransomware attack? 🧐](https://www.reddit.com/r/Superstonk/comments/on7xpv/national_emergency_by_monday_cant_close_loans/) + +1. [Cloudstar (the primary cloud provider for the title/lending/realestate industry) hit with ransomware attack halting transactions nationwide](https://www.reddit.com/r/Superstonk/comments/on0u5k/cloudstar_the_primary_cloud_provider_for_the/) + +1. [Chad's at it again with another fundraiser. Remember, if you see this gofundme or anything with Chad's name on it, avoid it. This one was more aimed at movie stock.](https://www.reddit.com/r/Superstonk/comments/on51ij/chads_at_it_again_with_another_fundraiser/) + +1. [Inflation Alert! Neel Kashkari, president of the Federal Reserve Bank of Minneapolis speak to NPR about inflation.](https://www.reddit.com/r/Superstonk/comments/on2s5t/inflation_alert_neel_kashkari_president_of_the/) + +1. [So any wrinkles on this matter? Seems like her tweet didn't get any traction..wut mean Fake longs out of option conversions? Are these married puts or protective puts, also called synthetic long calls?](https://www.reddit.com/r/Superstonk/comments/on7ej4/so_any_wrinkles_on_this_matter_seems_like_her/) + +1. [Tom from LinkedIn makes one hell of a statement about the current state of affairs in the market](https://www.reddit.com/r/Superstonk/comments/on4du0/tom_from_linkedin_makes_one_hell_of_a_statement/) + +1. [Very Apeish, This is why we love the stock. 🦍🚀](https://www.reddit.com/r/Superstonk/comments/on8o5i/very_apeish_this_is_why_we_love_the_stock/) + + +DD + +1. [Jerkin' it with Gherkinit Forward looking TA for 7/19/21-7/23/21](https://www.reddit.com/r/Superstonk/comments/on0b81/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +1. [BlackRock & The Great Reset (Part 3)](https://www.reddit.com/r/Superstonk/comments/ommgb0/blackrock_the_great_reset_part_3/) + +1. [BlackRock & The Great Reset (Part 1)](https://www.reddit.com/r/Superstonk/comments/ommfn7/blackrock_the_great_reset_part_1/) + +1. [Update to Cycle Tracking DD](https://www.reddit.com/r/Superstonk/comments/on3424/update_to_cycle_tracking_dd/) + +1. ["The Secondary Quotation Book" | FINRA's Alternative Display Facility](https://www.reddit.com/r/Superstonk/comments/omwpyt/the_secondary_quotation_book_finras_alternative/) + +1. [BlackRock & The Great Reset (Part 2)](https://www.reddit.com/r/Superstonk/comments/ommfz1/blackrock_the_great_reset_part_2/) + +1. [DARKPOOL Data detailed by Actors and trades/volume - May/April/March.](https://www.reddit.com/r/Superstonk/comments/omtwxd/darkpool_data_detailed_by_actors_and_tradesvolume/) + +1. [Chewy as a template for Gamestop? - a comparison (dd on fundamentals)](https://www.reddit.com/r/Superstonk/comments/ommj8f/chewy_as_a_template_for_gamestop_a_comparison_dd/) + +1. [FTDs / FTRs and how a buy-in of FTDs can be influenced.](https://www.reddit.com/r/Superstonk/comments/omzk1o/ftds_ftrs_and_how_a_buyin_of_ftds_can_be/) + + +Possible DD + +1. [July 9-16 and May 5-12 - "they are the same picture". Oh god this makes me so excited for the upcoming week...](https://www.reddit.com/r/Superstonk/comments/omuxx4/july_916_and_may_512_they_are_the_same_picture_oh/) + +1. [OTM PUTs are the passed puck of short positions that is slowly being passed back. The price movements are around monthly options, SLD periods, and net capital requirements. Not FTDs.](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/) + + +Education | Data + +1. [#GME breaking. According to Thomson Reuters GameStop has short squeeze score of 100. That the maximum it can get. This index probably is the only index hasn’t be manipulated by big hedge funds and market makers because apes only check Bloomberg.](https://www.reddit.com/r/Superstonk/comments/omw756/gme_breaking_according_to_thomson_reuters/) + +1. [They can control us when we’re tunnel-visioned into one sub. They lose control when we use different subs for the same cause because they can’t moderate all of them but we can just have all subs in one Reddit feed. Following multiple subs is NOT dividing apes, it’s dividing shills!!!](https://www.reddit.com/r/Superstonk/comments/omoq5y/they_can_control_us_when_were_tunnelvisioned_into/) + +1. [Diamantenhände 💎👐 German market is open 🇩🇪](https://www.reddit.com/r/Superstonk/comments/on7zuy/diamantenhände_german_market_is_open/) + +1. [Just a reminder: DTC-2021-013, NSCC-2021-008 and FICC-2021-006 go into effect today July 19, 2021](https://www.reddit.com/r/Superstonk/comments/on91i0/just_a_reminder_dtc2021013_nscc2021008_and/) + +1. [Crypto Market Red Going Into Monday](https://www.reddit.com/r/Superstonk/comments/on4hda/crypto_market_red_going_into_monday/) + +1. [GME is what matters, See you Monday morning. ✌️](https://www.reddit.com/r/Superstonk/comments/omqkq2/gme_is_what_matters_see_you_monday_morning/) + +1. [T212 $GME holding accounts that have fully closed position since May 8th has dropped from 0.28% to 0.23% per day in the last week. PHP (PaperHand Percentage) keeps getting lower! Just BUY & HODL 🤓❤🚀](https://www.reddit.com/r/Superstonk/comments/omuh5g/t212_gme_holding_accounts_that_have_fully_closed/) + +1. [GME Equity Score up to 8.6!](https://www.reddit.com/r/Superstonk/comments/ompcm4/gme_equity_score_up_to_86/) + +1. [FTD Dates - Potential T+21 , T+35’s to watch for - UPDATED](https://www.reddit.com/r/Superstonk/comments/omsgif/ftd_dates_potential_t21_t35s_to_watch_for_updated/) + +1. [GME🌈 Complete ETF List Update --July 18th 2021--](https://www.reddit.com/r/Superstonk/comments/on5i1f/gme_complete_etf_list_update_july_18th_2021/) + +1. [GME Options Expiry for 7/23 (Friday)](https://www.reddit.com/r/Superstonk/comments/on75ce/gme_options_expiry_for_723_friday/) + +1. [The FTD Game: Average of 241M FTDs per day in 2021](https://www.reddit.com/r/Superstonk/comments/on2afe/the_ftd_game_average_of_241m_ftds_per_day_in_2021/) + +1. [Interesting SEC Fine regarding the VIX](https://www.reddit.com/r/Superstonk/comments/on2cdx/interesting_sec_fine_regarding_the_vix/) + +1. [Now seems like a good time to remind people that Reddit has a multisub feed feature!](https://www.reddit.com/r/Superstonk/comments/on61xa/now_seems_like_a_good_time_to_remind_people_that/) + + +Discussion + +1. [WHO IS EXCITED ABOUT THE UPCOMING Atobitt' DD? I am!! LET'S GO APES!!! 🚀🚀🚀🚀](https://www.reddit.com/r/Superstonk/comments/omvdbe/who_is_excited_about_the_upcoming_atobitt_dd_i_am/) + +1. [Ayo u/buttfarm69 I thought you said madie only shit talked gme early on and later changed her mind. Her she is shit talking apes right before 4/20 and gme had already went back to the 300s in March so how was any ape Stuck? She needs to dip black water mercenaries don’t have morals.](https://www.reddit.com/r/Superstonk/comments/omm7y9/ayo_ubuttfarm69_i_thought_you_said_madie_only/) + +1. [Re-posting for awareness](https://www.reddit.com/r/Superstonk/comments/on3utp/reposting_for_awareness/) + +1. [They're using A.I generated faces on shill accounts](https://www.reddit.com/r/Superstonk/comments/omscua/theyre_using_ai_generated_faces_on_shill_accounts/) + +1. [Ape in Asia here. It's Sunday night and the weekend is over. I can't wait for 2pm tomorrow for Germany to open, then 4pm for pre-market. Then we'll get to see if those 430,000 put contracts get T+2 or T+35.](https://www.reddit.com/r/Superstonk/comments/omqvrx/ape_in_asia_here_its_sunday_night_and_the_weekend/) + +1. [Buying shares is the ultimate response to the FUD.](https://www.reddit.com/r/Superstonk/comments/oms053/buying_shares_is_the_ultimate_response_to_the_fud/) + +1. [We are being distracted. Either from something that has already happened or will be happening soon. Either way, we need to stop focusing on the distraction and try to figure out what we are being distracted from.](https://www.reddit.com/r/Superstonk/comments/omvtxm/we_are_being_distracted_either_from_something/) + +1. [ALL DATES POINT TO THE MOASS HAPPENING IN THE NEXT FEW WEEKS. LADIES AND GENTLEMEN, GET READY FOR TAKE OFF 🚀🚀🚀](https://www.reddit.com/r/Superstonk/comments/omzqub/all_dates_point_to_the_moass_happening_in_the/) + +1. [Want Mod Drama Solution?](https://www.reddit.com/r/Superstonk/comments/omo86s/want_mod_drama_solution/) + +1. [“its only drama” my ass](https://www.reddit.com/r/Superstonk/comments/ommnem/its_only_drama_my_ass/) + +1. [I'll just leave this here. Get out Maddie, you're killing the sub.](https://www.reddit.com/r/Superstonk/comments/oms1du/ill_just_leave_this_here_get_out_maddie_youre/) + +1. [Dave Lauer Interview From 2013. I Think This Lacks The Proper Attention. We've Watched These Events All Happen Very Recently.](https://www.reddit.com/r/Superstonk/comments/omyemx/dave_lauer_interview_from_2013_i_think_this_lacks/) + +1. [Correct me if I’m wrong but that right their says we are going to the fucking moon!!!!!](https://www.reddit.com/r/Superstonk/comments/on2ekg/correct_me_if_im_wrong_but_that_right_their_says/) + +1. [One good thing to come from the mod drama? The realization that I don't need any particular sub anymore.](https://www.reddit.com/r/Superstonk/comments/omq93d/one_good_thing_to_come_from_the_mod_drama_the/) + +1. [Not all GME owners are on Reddit or even know how to use it. Mod drama is just an immature reality show that doesn’t matter in the end game. Buy/Hodl](https://www.reddit.com/r/Superstonk/comments/omqvsq/not_all_gme_owners_are_on_reddit_or_even_know_how/) + +1. [So we can read what matters now](https://www.reddit.com/r/Superstonk/comments/omvozv/so_we_can_read_what_matters_now/) + +1. [This is an Anti-Fud treatment centre. Rest up, you've been fighting hard. If you need some antifud I'm here to help when I can.](https://www.reddit.com/r/Superstonk/comments/omq5sq/this_is_an_antifud_treatment_centre_rest_up_youve/) + +1. [For those who have missed it, Superstonk mods are actively filtering out good DD and supressing information](https://www.reddit.com/r/Superstonk/comments/omrze9/for_those_who_have_missed_it_superstonk_mods_are/) + +1. [Please vigorously report off-topic posts, and correct aggressive behavior in comments now that the weekend is ending. - a quick guide to Reddit newbs for assisting with forum cleanup.](https://www.reddit.com/r/Superstonk/comments/omy1ao/please_vigorously_report_offtopic_posts_and/) + +1. [Runic Glory](https://www.reddit.com/r/Superstonk/comments/omla2w/runic_glory/) + +1. [Petition to make this rule permanent](https://www.reddit.com/r/Superstonk/comments/omm7pu/petition_to_make_this_rule_permanent/) + +1. [Red posted a thing again, this time the right thing gg, Red](https://www.reddit.com/r/Superstonk/comments/omt90h/red_posted_a_thing_again_this_time_the_right/) + +1. [THE REAL REASON FOR WHY THIS IS HAPPENING THIS WEEKEND, DON'T FALL FOR IT](https://www.reddit.com/r/Superstonk/comments/omtabl/the_real_reason_for_why_this_is_happening_this/) + +1. [I’ve been wondering how the banks and HFS have been avoiding paying. I also wondered why burry bought TLT. Well I think this post explains it. I think he figured it out. It also looks like he figured out when we will know the MOASS is happening. When the TLT falls, the house of cards crumbles.](https://www.reddit.com/r/Superstonk/comments/ommodf/ive_been_wondering_how_the_banks_and_hfs_have/) + +1. [KNOTSREPUS: The DD has been secured. (Well, most of it.)](https://www.reddit.com/r/Superstonk/comments/on15to/knotsrepus_the_dd_has_been_secured_well_most_of_it/) + +1. [There will be days where it looks like the world is against you. Thousands of people claiming the squeeze is over. Even on this and all other subs. Dont fall for it. Everybody knows the XXXXXXXX floor.](https://www.reddit.com/r/Superstonk/comments/omrft9/there_will_be_days_where_it_looks_like_the_world/) + +1. [Recent Blackrock “The Great Reset” post is tricking you to praise market manipulation](https://www.reddit.com/r/Superstonk/comments/omwrop/recent_blackrock_the_great_reset_post_is_tricking/) + +1. [The events this weekend was a practice run that this sub can learn from to prepare for MOASS.](https://www.reddit.com/r/Superstonk/comments/on419s/the_events_this_weekend_was_a_practice_run_that/) + +1. [Can this sub please take a fucking 7-day break and just ban anything that has to do with the mods. just shut the fuck up if it's not about GME. Nobody cares.](https://www.reddit.com/r/Superstonk/comments/ommeyj/can_this_sub_please_take_a_fucking_7day_break_and/) + +1. [My post about shills and MSM having the same script was deleted for brigading even though a similar post about just the shills was left up. Still no response from the mods, so I’m posting for visibility. Links in comments.](https://www.reddit.com/r/Superstonk/comments/omy7qd/my_post_about_shills_and_msm_having_the_same/) + +1. [Hey you, I think you need to hear this..](https://www.reddit.com/r/Superstonk/comments/omvibh/hey_you_i_think_you_need_to_hear_this/) + + +Question + +1. [Why don't we have a pinned link with all the relevant DD? Upvote if you think we should...](https://www.reddit.com/r/Superstonk/comments/on68yd/why_dont_we_have_a_pinned_link_with_all_the/) + +1. [Is this Citadel? I seem to see some lights](https://www.reddit.com/r/Superstonk/comments/on57a7/is_this_citadel_i_seem_to_see_some_lights/) + +1. [Mod drama over am I allowed to post about my favorite subject again?](https://www.reddit.com/r/Superstonk/comments/on5j7m/mod_drama_over_am_i_allowed_to_post_about_my/) + +1. [hey Nikkei, wut doin?](https://www.reddit.com/r/Superstonk/comments/on56df/hey_nikkei_wut_doin/) + +1. [So... What's next with the Puts?](https://www.reddit.com/r/Superstonk/comments/on0b4r/so_whats_next_with_the_puts/) + + +### GME +Pinned 📌 + +- [r/GME Megathread for Monday - July 19, 2021](https://www.reddit.com/r/GME/comments/on82hf/rgme_megathread_for_monday_july_19_2021/) + + +Megathread + +- [r/GME Megathread for Sunday - July 18, 2021](https://www.reddit.com/r/GME/comments/omktjz/rgme_megathread_for_sunday_july_18_2021/) + + +News | Media + +1. [Dave Lauer Interview From 2013. I Think This Lacks The Proper Attention. We've Watched These Events All Happen Very Recently.](https://www.reddit.com/r/GME/comments/omwz5x/dave_lauer_interview_from_2013_i_think_this_lacks/) + +1. [Cloudstar hit with ransomware. Monday will be interesting.](https://www.reddit.com/r/GME/comments/omn5ba/cloudstar_hit_with_ransomware_monday_will_be/) + +1. [Goldman Sachs Group Chairman of the Board and CEO && Chief Risk Officer SOLD $7.5M last week – nothing to see here … just taking a little off the top … stay calm you Ape … inflation will not be transitory …](https://www.reddit.com/r/GME/comments/omv2mb/goldman_sachs_group_chairman_of_the_board_and_ceo/) + +1. [Don’t if this was already posted but we’re in the endgame boys](https://www.reddit.com/r/GME/comments/on284n/dont_if_this_was_already_posted_but_were_in_the/) + +1. [Brick by brick, the citadel is falling... Linkedin article flying under the radar - posting for greater awareness.](https://www.reddit.com/r/GME/comments/on8ccz/brick_by_brick_the_citadel_is_falling_linkedin/) + +1. [Random IT dude Tom is dropping more bricks 🧱🧱🧱](https://www.reddit.com/r/GME/comments/ompx2q/random_it_dude_tom_is_dropping_more_bricks/) + +1. [🚀 GameStop Employees 🦍](https://www.reddit.com/r/GME/comments/on301q/gamestop_employees/) + +1. [*Michael Bodson DTCC never explained how the core, supposedly automatic, $1.4B of the $3.6B margin charge was reduced at the end to $700M, nor did he explain why the premium component of $2.2B was waived.](https://www.reddit.com/r/GME/comments/omrrsq/michael_bodson_dtcc_never_explained_how_the_core/) + +1. [This is Disgusting! THEY ARE STEALING FROM ALL OF US! Regulators are doing nothing! please repost.](https://www.reddit.com/r/GME/comments/on1q8i/this_is_disgusting_they_are_stealing_from_all_of/) + + +Social Media + +- [Hey Shills, downvote all you want! Ima keep sharing this serving as a reminder of why I keep buying and holding. This is my antidote to you f*ckery shills and FUD campaign. DUD this!](https://www.reddit.com/r/GME/comments/on2p8t/hey_shills_downvote_all_you_want_ima_keep_sharing/) + + +DD + +1. [SOMETHING BIG IS COMING! ROCKET ABOUR TO TAKE OFF! GET YOUR MOASS TICKETS IN 🚀 🚀🚀](https://www.reddit.com/r/GME/comments/omzk0b/something_big_is_coming_rocket_abour_to_take_off/) + +1. [Mining ETH Against GME Wallet is in progress now 💪🦍🚀💎🙌](https://www.reddit.com/r/GME/comments/omod7n/mining_eth_against_gme_wallet_is_in_progress_now/) + +1. [THIS IS THE DD WE NEED, FUCK ALL THE FUD AND DRAMA](https://www.reddit.com/r/GME/comments/omqmwn/this_is_the_dd_we_need_fuck_all_the_fud_and_drama/) + +1. [Here's DD worth reading! Ignore the FUD apes its all an illusion.](https://www.reddit.com/r/GME/comments/omq3dp/heres_dd_worth_reading_ignore_the_fud_apes_its/) + + +Debunked + +- [Has the fact that GameStop posted THOUSANDS of jobs to their website in the past two days, slipped through the cracks? Incredibly bullish!](https://www.reddit.com/r/GME/comments/ompwnd/has_the_fact_that_gamestop_posted_thousands_of/) + + +Terminal | Data + +1. [#GME breaking. According to Thomson Reuters GameStop has short squeeze score of 100. That the maximum it can get. This index probably is the only index hasn’t be manipulated by big hedge funds and market makers because apes only check Bloomberg.](https://www.reddit.com/r/GME/comments/omwqpl/gme_breaking_according_to_thomson_reuters/) + +1. [Jerkin' it with Gherkinit Forward looking TA for 7/19/21-7/23/21](https://www.reddit.com/r/GME/comments/on0bys/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +1. [Hurried post! Just looking at option activity this evening. When you don’t have shares, you manipulate price movement with put options. SHF adding .50 cent and dollar puts etc!!🖕🏻🖕🏻](https://www.reddit.com/r/GME/comments/on40ud/hurried_post_just_looking_at_option_activity_this/) + +1. [Short Interest according to Thomson Reuters](https://www.reddit.com/r/GME/comments/omxjzb/short_interest_according_to_thomson_reuters/) + +1. [DDs like this getting buried in SS coz of the drama hope this gets visibility here](https://www.reddit.com/r/GME/comments/omkrdb/dds_like_this_getting_buried_in_ss_coz_of_the/) + +1. [Option fraud and manipulation party Sunday night! (7-18-21) More low dollar puts/calls added to 10-15-21 options chain! Posting for awareness and record online! Sorry about all the posts, important I document it. Have a great week! Bedtime for this ole Ape! 💎🦍🚀🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸😻😻😻😻](https://www.reddit.com/r/GME/comments/on4g89/option_fraud_and_manipulation_party_sunday_night/) + + +Discussion + +1. [POINT72 AND SUSQUEHANNA... Why do they keep disappearing when brought up?](https://www.reddit.com/r/GME/comments/omwwry/point72_and_susquehanna_why_do_they_keep/) + +1. [Has noone noticed that all the "resignation letters" read like theyre written from a corporate HR manual?](https://www.reddit.com/r/GME/comments/omxudl/has_noone_noticed_that_all_the_resignation/) + +1. [Weekend recap from SS!](https://www.reddit.com/r/GME/comments/on265l/weekend_recap_from_ss/) + +1. [If MOASS wait until September, the Estonian apes get their pensions released and can buy q ton more $GME](https://www.reddit.com/r/GME/comments/omysws/if_moass_wait_until_september_the_estonian_apes/) + +1. [“How are you f***ing us?” - Vinnie Daniel (The Big Short)](https://www.reddit.com/r/GME/comments/omodbu/how_are_you_fing_us_vinnie_daniel_the_big_short/) + +1. [New rules immediately effect on Monday has been suppressed because of all the drama.](https://www.reddit.com/r/GME/comments/omt2bv/new_rules_immediately_effect_on_monday_has_been/) + +1. [A section from /u/Gzurnenplatz's God-tier DD from 2 months ago about Superstonk being compromised all along. How they could use Superstonk to lessen the squeeze](https://www.reddit.com/r/GME/comments/omm237/a_section_from_ugzurnenplatzs_godtier_dd_from_2/) + +1. [$GME Mr. Tony Kim, Thank you for making it that simple. Quit overthinking this! It’s common sense. Every short is a future buyer.#GME](https://www.reddit.com/r/GME/comments/omom9x/gme_mr_tony_kim_thank_you_for_making_it_that/) + +1. [Thank you u/redchessqueen99 and u/Hey_Madie for inadvertently making the ape community more resilient. No more single point of failure.](https://www.reddit.com/r/GME/comments/omquxe/thank_you_uredchessqueen99_and_uhey_madie_for/) + +1. [NFT Update](https://www.reddit.com/r/GME/comments/omm4ls/nft_update/) + +1. [7/19 recap into this week: 40-43M shares back on balance books as short positions, T+2 for 7/16 opts on 7/20, 7/22 features a T35 FTD cycle, and more. JACKED LE TITS](https://www.reddit.com/r/GME/comments/on6q7w/719_recap_into_this_week_4043m_shares_back_on/) + +1. [Who made Satori? When it was made? How looks the sourcecode? What language it's made? You will never get any answer because Satori real name is Shillori by Citadel.](https://www.reddit.com/r/GME/comments/omnyvs/who_made_satori_when_it_was_made_how_looks_the/) +TL;DR: I found that my family and I have been “dreaming” much more because of GME. We talked A LOT about what we want to do with our tendies and after a few months it struck me: we’ve really not been “good” at dreaming and thinking big thoughts for a long, long time, huh? + +Have you noticed? At first, back in January / February, we had all the “wen lambo” posts and I’m sure many of you, like me, have been watching YouTube videos about expensive watches, awesome travel destinations, jewelry etc. + +It’s like we have been flexing our “dream muscles” and they have been really weak for many, many years (for me, decades) because we’ve been caught up in the rat race just trying to survive. + +And then, after thinking about BUYING all that stuff, many of us already realized, that it’s not all. Sure, we need to try “burning” off some fun money on cars etc. but I see from the posts since January, that many of us have been dreaming more and more, almost to the point of knowing that the dreams will not STAY dreams for long. + +And then it hit me - wow ….. it’s actually super sad, that we’re used to not dream that much. Not used to think “out loud” and put words on it. + +But also, it’s so “big” that we’ve had this part of our lives brought back. This is so much more than just the money. +# Pre Market Brief for Friday July 24th 2020 + +You can subscribe to the daily 4:00 AM Pre Market Brief on [The Twitter Link Here](https://www.tradinganalysisresources.com/2020/05/free-references-and-resources.html?m=1) . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub. + +[Morning Research and Trading Prep Tool Kit](https://www.tradinganalysisresources.com/2020/05/free-references-and-resources.html?m=1) + +[The Ultimate Quick Resource For the Amateur Trader.](https://www.reddit.com/r/pennystocks/comments/hcja2q/the_ultimate_quick_resource_for_the_amateur_trader/) + +*Updated as of* ***3:30 AM*** *EST* + +\----------------------------------------------- + +***Stock Futures:*** + +* [Pre-Market Trading](https://money.cnn.com/data/premarket/) +* [China’s](https://www.cnbc.com/2020/07/24/asia-markets-us-china-tensions-apple-microsoft-sell-off-currencies.html) Shenzhen stocks dive more than 3% as U.S.-China tensions flare +* [China](https://www.cnbc.com/2020/07/24/asia-markets-us-china-tensions-apple-microsoft-sell-off-currencies.html) markets extend losses, Shenzhen stocks dive 5% as U.S.-China tensions flare +* [European](https://www.cnbc.com/2020/07/24/europe-markets-us-china-tensions-economic-data-in-focus.html) stocks set for lower open as U.S-China tensions weigh on sentiment +* [Stock market](https://finance.yahoo.com/news/stock-market-news-live-july-23-2020-222353379.html) news live updates: Stock futures flat after Tesla, Microsoft earnings; eyes on stimulus +* [Stock](https://www.cnbc.com/2020/07/23/stock-market-futures-open-to-close-news.html) futures are flat after Thursday’s sharp sell-off +* [15](https://www.benzinga.com/news/20/07/16760455/15-stocks-moving-in-thursdays-after-hours-session) Stocks Moving In Thursday's After-Hours Session + +***Thursday 07/23/2020 News and Markets Recap:*** + +* [Pre Market Brief for 07/23/2020](https://www.reddit.com/r/pennystocks/comments/hwbdvg/your_pre_market_brief_for_07232020/) +* [Market Recap](https://finance.yahoo.com/video/market-recap-thursday-july-23-204356271.html) +* [Dow sinks](https://www.foxbusiness.com/markets/us-stocks-july-23-2020) as Microsoft, Apple fall while gold hits record + +***Friday*** ***July 24th 2020*** [***Economic Calendar***](https://tradingeconomics.com/calendar) (All times are Eastern) + +(Home Sales and Oil Rig Count Today) + +* **09:45 AM** [**Markit Manufacturing PMI Flash**](https://tradingeconomics.com/united-states/manufacturing-pmi) JUL +* **09:45 AM** [**Markit Composite PMI Flash**](https://tradingeconomics.com/united-states/composite-pmi) JUL +* **09:45 AM** [**Markit Services PMI Flash**](https://tradingeconomics.com/united-states/services-pmi) JUL +* **10:00 AM** [**New Home Sales MoM**](https://tradingeconomics.com/united-states/new-home-sales) JUN +* **10:00 AM** [**New Home Sales**](https://tradingeconomics.com/united-states/new-home-sales) JUN +* **01:00 PM** [**Baker Hughes Total Rig Count**](https://tradingeconomics.com/united-states/crude-oil-rigs) 24/JUL +* **01:00 PM** [**Baker Hughes Oil Rig Count**](https://tradingeconomics.com/united-states/crude-oil-rigs) 24/JUL + +***News Heading into Friday July 24th 2020*** + +*NOTE: PLEASE DO NOT YOLO THE VARIOUS TICKERS WITHOUT DOING RESEARCH. THE TIME STAMPS ON THE FOLLOWING ARTICLES MAY BE LATER THAN OTHERS ON THE WEB. THE CREATOR OF THIS THREAD COMPILED THE FOLLOWING IN A QUICK MANNER AND DOES NOT ATTEST TO THE VERACITY OF THE INFORMATION BELOW. YOU ARE RESPONSIBLE FOR VETTING YOUR OWN SOURCES AND DOING YOUR OWN DD.* + +* [China](https://www.foxbusiness.com/politics/china-tells-us-to-close-consulate-in-chengdu-in-growing-spat) tells US to close consulate in Chengdu in growing spat +* [CSTR](https://www.globenewswire.com/news-release/2020/07/23/2067037/0/en/CapStar-Financial-Holdings-and-Gaylon-Lawrence-Announce-Collaborative-Agreement.html) ($10.90) CapStar Financial Holdings and Gaylon Lawrence Announce Collaborative Agreement +* [IO](https://www.prnewswire.com/news-releases/ion-announces-first-3d-multi-client-program-in-mauritania-301099212.html#:~:text=HOUSTON%2C%20July%2023%2C%202020%20%2F,Mines%20and%20Energy%20(MPME)) ($2.85) ION announces first 3D multi-client program in Mauritania +* [BKYI](https://www.globenewswire.com/news-release/2020/07/23/2066934/0/en/Identity-Security-and-Access-Management-Solutions-Provider-BIO-key-Completes-24-8-Million-Public-Offering.html) ($0.67) Identity, Security and Access Management Solutions Provider BIO-key ***Completes*** $24.8 Million Public Offering +* [DXC](https://www.businesswire.com/news/home/20200723005955/en/ENGIE-Teams-DXC-Technology-ServiceNow-Launch-Certified) ENGIE IT Teams with DXC Technology and ServiceNow to Launch Certified Global Center of Excellence +* [MARA](https://finance.yahoo.com/news/marathon-patent-group-announces-pricing-014000588.html) ($0.99) Marathon Patent Group Announces Pricing of $6.0 Million Upsized Underwritten Public Offering of Common Stock +* [APM](https://markets.businessinsider.com/news/stocks/aptorum-group-becomes-the-first-nasdaq-listed-biopharmaceutical-company-admitted-to-trading-on-euronext-paris-stock-exchange-under-the-ticker-symbol-apm-1029427435) ($3.66) Aptorum Group Becomes the First Nasdaq Listed Biopharmaceutical Company Admitted to Trading on Euronext Paris Stock Exchange Under the Ticker Symbol APM +* [OCX](https://www.globenewswire.com/news-release/2020/07/23/2066900/0/en/Oncocyte-to-Hold-KOL-Webinar-Showcasing-New-Data-and-Real-World-Usage-of-DetermaRx.html) Oncocyte to Hold KOL Webinar Showcasing New Data and Real World Usage of DetermaRx™ +* [RDUS](https://www.prnewswire.com/news-releases/menarini-group-and-radius-health-announce-global-license-agreement-for-the-development-and-commercialization-of-elacestrant-301099187.html) ($13.90) Menarini Group and Radius Health Announce Global License Agreement for the Development and Commercialization of Elacestrant +* [THTX](https://www.globenewswire.com/news-release/2020/07/23/2066881/0/en/Theratechnologies-Reports-That-Tesamorelin-Improves-Liver-Health.html#:~:text=%E2%80%9CThe%20data%20from%20this%20sub,with%20a%20favorable%20HCC%20prognosis) ($3.19) Theratechnologies Reports That Tesamorelin Improves Liver Health +* [UXIN](https://www.globenewswire.com/news-release/2020/07/24/2067095/0/en/Uxin-Reports-Unaudited-Financial-Results-for-the-Transition-Period-from-January-1-to-March-31-2020.html) ($1.42) Uxin Reports Unaudited Financial Results for the Transition Period from January 1 to March 31, 2020 +* [BIOL](https://www.sec.gov/cgi-bin/browse-edgar?CIK=811240) ($0.45) reported (3) new insider trades (acquisitions) to the SEC +* [ENLC](https://www.prnewswire.com/news-releases/enlink-midstream-to-participate-in-investor-conference-301099108.html) ($2.54) EnLink Midstream to Participate in Investor Conference +* [PSTV](https://www.globenewswire.com/news-release/2020/07/23/2066974/0/en/Plus-Therapeutics-to-Present-at-the-YAFO-Access-China-Partnering-Conference-on-July-30-2020.html) ($2,46) Plus Therapeutics to Present at the YAFO Access China Partnering Conference on July 30, 2020 +* [BTE](https://www.globenewswire.com/news-release/2020/07/23/2066976/0/en/Baytex-Conference-Call-and-Webcast-on-Second-Quarter-2020-Results-to-be-Held-on-July-30-2020.html) ($0.52) Baytex Conference Call and Webcast on Second Quarter 2020 Results to be Held on July 30, 2020 +* [HEXO](https://www.marketwatch.com/press-release/hexo-vapes-now-available-across-canada-2020-07-23-161973628?tesla=y#:~:text=HEXO%20vapes%20are%20available%20across,adult%2Duse%20and%20medical%20consumers.&amp;amp;text=HEXO%20Corp%20is%20an%20award,serve%20the%20global%20cannabis%20market) ($0.73) HEXO vapes now available across Canada +* [GWGH](https://www.sec.gov/cgi-bin/browse-edgar?CIK=1522690) ($6.76) reported 6 new insider trades to the SEC +* [RPAY](https://finance.yahoo.com/news/repay-announces-acquisition-cpayplus-200500615.html) ($22.86) REPAY acquires accounts payable automation provider cPayPlus +* [HCM](https://newsfilter.io/a/4f32ff59341944a305cfa3b031b5413b) Chi-Med on go with study of HMPL-306 in blood cancer in China +* [GEN](https://www.globenewswire.com/news-release/2020/07/23/2066938/0/en/Eight-Genesis-HealthCare-Facilities-Receive-New-American-Heart-Association-Post-Acute-Care-Heart-Failure-Center-Certification.html) ($0.82) Eight Genesis HealthCare Facilities Receive New American Heart Association Post-Acute Care Heart Failure Center Certification +* [HCM](https://www.globenewswire.com/news-release/2020/07/24/2067118/0/en/Chi-Med-Initiates-a-Phase-I-Trial-of-IDH1-2-Dual-Inhibitor-in-Patients-with-Hematological-Malignancies-in-China.html) ($26.55) Chi-Med Initiates a Phase I Trial of IDH1/2 Dual Inhibitor in Patients with Hematological Malignancies in China +* [RHNO](https://www.wsj.com/articles/coal-miner-rhino-resource-files-for-chapter-11-bankruptcy-11595529069#:~:text=Rhino%20Resource%20Partners%20LP%2C%20a,caused%20by%20the%20coronavirus%20pandemic) Coal Miner Rhino Resource Files for Chapter 11 Bankruptcy +* [MGEN](https://www.globenewswire.com/news-release/2020/07/23/2066961/0/en/Cobomarsen-Receives-Orphan-Drug-Designation-From-the-U-S-FDA-for-the-Treatment-of-T-cell-Lymphoma.html) miRagen Therapeutics up 39% on Orphan Drug tag for Cobomarsen in blood cancer +* [BA](https://www.reuters.com/article/us-boeing-737max-american-airline/big-u-s-boeing-customers-want-the-737-max-but-say-contracts-need-re-set-idUSKCN24O26C) Big U.S. Boeing customers want the 737 MAX but say contracts need re-set +* [KOSS](https://www.sec.gov/cgi-bin/browse-edgar?CIK=56701) ($1.80) reported 4 new insider trades (acquisitions) to the SEC +* [WMT](https://www.cnbc.com/2020/07/23/walmart-to-open-six-health-clinics-in-atlanta-area-by-end-of-2020.html) Walmart turns up health moves with plans for six more Atlanta clinics +* [NVCN](https://www.globenewswire.com/news-release/2020/07/23/2066933/0/en/Neovasc-Announces-Partial-Prepayment-of-Convertible-Debenture.html) ($2.52) Neovsac partially prepays convertible debenture +* [TGI](https://www.prnewswire.com/news-releases/triumph-group-to-webcast-first-quarter-fiscal-year-2021-earnings-conference-call-301099165.html) ($7.77) Triumph Group to Webcast First Quarter Fiscal Year 2021 Earnings Conference Call +* [MYOK](https://www.globenewswire.com/news-release/2020/07/23/2066908/0/en/MyoKardia-Announces-Receipt-of-Breakthrough-Therapy-Designation-from-FDA-for-Mavacamten-for-the-Treatment-of-Symptomatic-Obstructive-Hypertrophic-Cardiomyopathy.html) MyoKardia's mavacamten nabs accelerated review in U.S. for thickened heart muscle disorder +* [NVAX](https://www.globenewswire.com/news-release/2020/07/23/2066887/0/en/Novavax-and-FUJIFILM-Diosynth-Biotechnologies-Initiate-Large-Scale-Manufacturing-of-COVID-19-Vaccine-Candidate.html) Novavax and FUJIFILM Diosynth Biotechnologies Initiate Large Scale Manufacturing of COVID-19 Vaccine Candidate +* [AAPL](https://finance.yahoo.com/news/bubble-warnings-louder-nasdaq-erasing-192737012.html) Apple Delaying 5G iPhone Launch Event To At Least Late October: Report +* [MYOK](https://www.globenewswire.com/news-release/2020/07/23/2066908/0/en/MyoKardia-Announces-Receipt-of-Breakthrough-Therapy-Designation-from-FDA-for-Mavacamten-for-the-Treatment-of-Symptomatic-Obstructive-Hypertrophic-Cardiomyopathy.html) MyoKardia Announces Receipt of Breakthrough Therapy Designation from FDA for Mavacamten for the Treatment of Symptomatic, Obstructive Hypertrophic Cardiomyopathy +* [MRNA](https://finance.yahoo.com/news/moderna-loses-challenge-arbutus-patent-204131630.html) Moderna loses challenge to Arbutus patent on vaccine technology +* [DUK](https://news.duke-energy.com/releases/duke-energy-renewables-brings-another-200-mwac-solar-plant-online-in-texas) Duke Energy Renewables brings another 200-MWac solar plant online in Texas +* [DIS](https://www.cnbc.com/2020/07/23/disney-delays-mulan-indefinitely-star-wars-and-avatar-movies-pushed-back-a-year.html) Disney delays ‘Mulan’ indefinitely, Star Wars and Avatar movies pushed back a year (DIS, AMC) +* [FE](https://www.bizjournals.com/cleveland/news/2020/07/23/firstenergy-acted-ethically-in-bailout.html) FirstEnergy CEO says utility 'acted ethically' in support of nuclear power plant bailout +* [AES](https://www.reuters.com/article/us-aes-tiete-m-a-eneva/brazilian-power-company-eneva-proposes-1-4-billion-tie-up-with-aes-tiete-idUSKCN24P03F) Brazilian power company Eneva proposes $1.4 billion tie-up with AES Tiete +* [CZR](https://www.prnewswire.com/news-releases/ballys-las-vegas-now-open-301099242.html#:~:text=Caesars%20Entertainment%2C%20Inc.&amp;amp;text=LAS%20VEGAS%2C%20July%2023%2C%202020,Board%2C%20Caesars%20Entertainment%2C%20Inc) Bally's Las Vegas Now Open +* [CLNY](https://finance.yahoo.com/news/colony-capital-present-keybanc-capital-202300783.html) Colony Capital to Present at the KeyBanc Capital Markets’ Future of Technology Series +* [MAXR](https://finance.yahoo.com/news/maxar-technologies-participate-upcoming-investor-213500660.html) ($17.90) Maxar Technologies to Participate in Upcoming Investor Conferences +* [MAT](https://www.bloombergquint.com/onweb/mattel-s-classic-barbie-dolls-prove-to-be-a-lockdown-favorite) Mattel’s Classic Barbie Dolls Prove to Be a Lockdown Favorite +* [APO](https://www.globenewswire.com/news-release/2020/07/23/2066988/0/en/Salelytics-Enters-into-Strategic-Partnership-with-EverString.html#:~:text=APPLETON%2C%20Wis.%2C%20July%2023,Service%20(DaaS)%20for%20B2B)Salelytics Enters into Strategic Partnership with EverString +* [FTI](https://investors.technipfmc.com/news-releases/news-release-details/technipfmc-plc-notification-major-interest-shares-1) ($7.92) TechnipFMC: Notification of Major Interest in Shares +* [FB](https://www.bloomberg.com/news/articles/2020-07-23/facebook-proposes-650-million-to-settle-biometric-privacy-case) Facebook Sweetens Biometric Privacy Accord to $650 Million +* [FB](https://finance.yahoo.com/news/facebook-office-outside-seattle-put-233428358.html#:~:text=(Bloomberg)%20%2D%2D%20An%20office%20fully,market%20into%20a%20deep%20freeze) Facebook Office Outside Seattle Put Up For Sale by Developer +* [FB](https://www.courthousenews.com/facebook-boosts-facial-data-settlement-to-650-million-to-appease-judge/) Facebook proposing $650M to settle class-action case over biometrics +* [TWTR](https://www.usnews.com/news/top-news/articles/2020-07-23/exclusive-more-than-1-000-people-at-twitter-had-ability-to-aid-hack-of-accounts-sources) Exclusive: More than 1,000 people at Twitter had ability to aid hack of accounts +* [IDRA](https://www.sec.gov/cgi-bin/browse-edgar?CIK=861838) ($2.39) reported 4 new insider trades (acquisitions) to the SEC +* [CTO](https://www.globenewswire.com/news-release/2020/07/23/2066936/0/en/CTO-Realty-Growth-Announces-Sale-of-Wawa-Ground-Lease-in-Jacksonville-Florida-For-7-1-Million.html) CTO Realty Growth Announces Sale of Wawa Ground Lease in Jacksonville, Florida For $7.1 Million +* [CALX](https://www.businesswire.com/news/home/20200723005014/en/Calix-Participate-Upcoming-Investor-Conferences) Calix to Participate in Upcoming Investor Conferences +* [INTC](https://www.reuters.com/article/us-intel-results/intel-chip-delay-forces-shift-to-using-more-outside-factories-shares-drop-idUSKCN24O2W6) Intel chip delay forces shift to using more outside factories, shares drop +* [INTC](https://www.marketwatch.com/story/intel-rides-strong-server-pc-sales-to-earnings-beat-and-forecasts-more-but-stock-still-falls-2020-07-23) Intel stock falls as next generation of chips delayed, sending AMD shares higher +* [INTC](https://www.businesswire.com/news/home/20200723005903/en/Health-Discovery-Corporation-Files-Infringement-Suit-Intel#:~:text=Health%20Discovery%20Corporation%20Files%20Infringement%20Suit%20Against%20Intel%20Corporation,-July%2023%2C%202020&amp;amp;text=On%20February%2027%2C%202019%2C%20the,proceeding%20between%20HDC%20and%20Intel) Health Discovery Files Infringement Suit Against Intel +* [RVNC ](https://www.businesswire.com/news/home/20200723005961/en/Revance-Completes-Previously-Announced-Acquisition-HintMD-Proprietary) Revance finalizes HintMD acquisition +* [TARO](https://www.wsj.com/articles/taro-pharma-to-pay-more-than-200-million-to-settle-generic-drug-price-fixing-case-11595551668) Taro Pharma to Pay More Than $200 Million to Settle Generic-Drug Price-Fixing Case +* [EVR](https://finance.yahoo.com/news/evercore-announces-strategic-alliance-seneca-223000670.html) Evercore Announces Strategic Alliance with Seneca Evercore in Brazil +* [ARCT](https://www.globenewswire.com/news-release/2020/07/23/2066882/0/en/Arcturus-Therapeutics-Announces-Agreement-with-Israeli-Ministry-of-Health-to-Supply-COVID-19-Vaccine-Candidate-LUNAR-COV19.html) Arcturus Therapeutics Announces Agreement with Israeli Ministry of Health to Supply COVID-19 Vaccine Candidate, LUNAR-COV19 +* [VSAT](https://www.prnewswire.com/news-releases/viasat-announces-175-million-strategic-equity-investment-301099180.html) Viasat draws $175M equity investment from Intercorp, Baupost +* [VSAT](https://www.viasat.com/news/viasat-announces-175-million-strategic-equity-investment) Viasat Announces $175 Million Strategic Equity Investment +* [ENB](https://www.detroitnews.com/story/news/local/michigan/2020/07/23/enbridge-contracted-vessels-suspected-cause-line-5-damage/5471556002/) Enbridge-contracted vessels may have caused Line 5 damage - report +* [LLNW](https://www.sec.gov/cgi-bin/browse-edgar?CIK=1391127) ($6.12) reported 6 new insider trades to the SEC +* [U.S.](https://www.bloombergquint.com/global-economics/u-s-economy-s-recovery-is-stalling-and-it-could-get-even-worse) Economy’s Recovery Is Stalling, and It Could Get Even Worse +* [Authentic](https://finance.yahoo.com/news/authentic-brands-sycamore-partners-weigh-202639764.html) Brands, Sycamore Partners Weigh Bids for Ann Taylor Parent (EV, SPG, ASNA) +* [HOTH](https://www.sec.gov/cgi-bin/browse-edgar?CIK=1711786) ($2.88) reported 5 new insider trades (acquisition) to the SEC +* [SWIR](https://finance.yahoo.com/news/sierra-wireless-reaches-definitive-agreement-214500086.html) ($12.50) Sierra Wireless Reaches Definitive Agreement to Divest Automotive Embedded Module Product Line for US$165 million +* [RDUS](https://finance.yahoo.com/news/sierra-wireless-reaches-definitive-agreement-214500086.html) ($13.90) Menarini Group and Radius Health Announce Global License Agreement for the Development and Commercialization of Elacestrant +* [US Department](https://www.defense.gov/Newsroom/Contracts/Contract/Article/2286392/) of Defense awards new contracts to (UAVS, NOC, SRCI, BKH, SSB) +* [WABC](https://www.newsbreak.com/news/1605572408670/westamerica-bancorporation-to-buyback-175m-shares) Westamerica Bancorporation to buyback 1.75M shares +* [AMZN](https://www.benzinga.com/news/20/07/16760848/amazon-air-launches-operations-at-new-florida-hub) Amazon Air Launches Operations At New Florida Hub +* [DNKN](https://www.prnewswire.com/news-releases/philip-auerbach-appointed-to-newly-created-role-of-dunkin-chief-digital-and-strategy-officer-301099178.html#:~:text=Men's%20Interest-,Philip%20Auerbach%20Appointed%20to%20Newly%20Created%20Role%20of,Chief%20Digital%20and%20Strategy%20Officer&amp;amp;text=Dunkin'%20Brands%20Group%2C%20Inc.&amp;amp;text=Effective%20August%2010%2C%202020%2C%20Auerbach,%2C%20media%2C%20and%20customer%20care) Philip Auerbach Appointed to Newly Created Role of Dunkin' Chief Digital and Strategy Officer +* [CHTR](https://www.fcc.gov/ecfs/search/filings?proceedings_name=16-197&amp;amp;sort=date_disseminated,DESC&amp;amp;submissiontype_description=COMPLIANCE%20FILING) Docket Established For Monitoring Compliance With The Conditions Imposed In The Charter Communications-Time Warner Cable-Bright House Networks Order +* [ORGO](https://www.globenewswire.com/news-release/2020/07/23/2066904/0/en/Latest-Advanced-Wound-Care-Innovations-and-Research-from-Organogenesis-to-be-Highlighted-at-SAWC-Spring-WHS-2020-Virtual-Meeting.html) ($4.05) Latest Advanced Wound Care Innovations and Research from Organogenesis to be Highlighted at SAWC Spring | WHS 2020 Virtual Meeting +* [TLSA](https://www.globenewswire.com/fr/news-release/2020/07/24/2067122/0/en/Exercise-of-Warrants-and-Issue-of-Equity-and-Total-Voting-Rights.html) Exercise of Warrants and Issue of Equity and Total Voting Rights +* [TSLA](https://www.marketwatch.com/story/teslas-stock-pares-gains-after-blow-out-results-while-a-host-of-analysts-boost-price-targets-2020-07-23) Tesla's stock pares gains after blow out results, while a host of analysts boost price targets +* [TSLA](https://www.yahoo.com/news/musk-reveals-tesla-local-battery-205010817.html) Musk Reveals Tesla Will Have Local Battery Cell Production For Gigafactory Berlin +* [BMRN](https://investors.biomarin.com/2020-07-23-BioMarin-Submits-Marketing-Authorization-Application-to-European-Medicines-Agency-for-Vosoritide-to-Treat-Children-with-Achondroplasia) BioMarin Submits Marketing Authorization Application to European Medicines Agency for Vosoritide to Treat Children with Achondroplasia +* [Pool](https://www.bloombergquint.com/onweb/pool-companies-score-with-covid-19-recluses-looking-to-beat-heat) Companies Score With Covid-19 Recluses Looking to Beat Heat (PNR, TSCO, POOL) +* [LPRO](https://www.sec.gov/cgi-bin/browse-edgar?CIK=1806201) reported 7 new insider trades (buys) to the SEC +* [PTSI](https://money.yahoo.com/auto-manufacturing-woes-sink-p-212015305.html) Auto Manufacturing Woes Sink P.A.M. Transportation's Q2 +* [MRO](https://www.benzinga.com/news/earnings/20/07/16764420/roce-insights-for-marathon-oil) ROCE Insights For Marathon Oil +* [(T)](https://www.businesswire.com/news/home/20191009005403/en/Liberty-Latin-America-Acquire-ATT%E2%80%99s-Operations-Puerto) Liberty Latin America Proposed Acquisition of AT&amp;amp;T Mobility Puerto Rico and AT&amp;amp;T Mobility USVI +* [DOX](https://www.lightreading.com/ossbss/amdocs-to-buy-openet-for-$180m/d/d-id/762636#:~:text=ST.,charging%2C%20policy%20and%20cloud%20technologies) ($1.30) Amdocs to buy Openet for $180M +* [DOX](https://www.globenewswire.com/news-release/2020/07/23/2066909/0/en/Amdocs-to-Acquire-Openet-to-Accelerate-the-Pace-of-Taking-the-Communications-Industry-to-the-Cloud-and-Help-Service-Providers-Differentiate-in-the-5G-Era.html) Amdocs to Acquire Openet to Accelerate the Pace of Taking the Communications Industry to the Cloud and Help Service Providers Differentiate in the 5G Era +* [GLT](https://www.globenewswire.com/news-release/2020/07/23/2066937/0/en/Glatfelter-to-Present-at-the-Jefferies-Virtual-Industrials-Conference-on-August-6th.html) Glatfelter to Present at the Jefferies Virtual Industrials Conference on August 6th +* [DKNG](https://www.globenewswire.com/news-release/2020/07/23/2066959/0/en/DraftKings-and-Kambi-Reach-Agreement-to-Mutually-Support-and-Cooperate-on-DraftKings-Planned-Migration-to-its-Proprietary-Platform-Services.html) DraftKings and Kambi in agreement for proprietary platform services migration +* [EHTH](https://www.newsbreak.com/news/1605531231237/ehealth-down-double-digits-as-revenue-gains-but-cash-flow-remains-negative) EHealth down double-digits as revenue gains, but cash flow remains negative +* [WBA](https://news.yahoo.com/walgreens-supports-inform-consumers-act-204600891.html) Walgreens Supports INFORM Consumers Act Introduction in U.S. House of Representatives +* [AVNW](https://www.prnewswire.com/news-releases/aviat-networks-launches-new-hosted-offering-for-interference-analysis-on-microwave-spectrum-301098554.html#:~:text=Aviat%20Networks%20Launches%20New%20Hosted%20Offering%20for%20Interference%20Analysis%20on%20Microwave%20Spectrum,-New%20service%20protects&amp;amp;text=Aviat%20Networks%2C%20Inc.&amp;amp;text=Like%20premise%2Dbased%20FAS%2C%20Hosted,see%20interference%20effects%20over%20time) Aviat Networks Launches New Hosted Offering for Interference Analysis on Microwave Spectrum +* ['Not](https://www.reuters.com/article/us-macau-casinos/not-much-hope-macau-casinos-see-deepening-losses-as-virus-slams-china-travel-idUSKCN24P0FQ) much hope': Macau casinos see deepening losses as virus slams China travel (LVS, MLCO) +* [SCPL](https://finance.yahoo.com/news/sciplay-reports-record-results-second-200100982.html) SciPlay Q2 net income up 86% driven by strong margins, shares +15% after-hours +* [FITB](https://finance.yahoo.com/news/law-offices-frank-r-cruz-220800620.html) The Law Offices of Frank R. Cruz Announces Investigation of MB Financial and Fifth Third Bancorp on Behalf of Investors +* [MJCO](https://news.yahoo.com/majesco-announces-innovative-updates-majesco-210000238.html) Majesco Announces New and Innovative Updates for Majesco’s Billing for P&amp;amp;C +* [AUY](https://www.globenewswire.com/news-release/2020/07/23/2066958/0/en/Yamana-Gold-Raises-Dividend-by-Further-12-Fourth-Dividend-Increase-Announced-by-the-Company-in-the-Past-Year-for-a-Cumulative-Increase-of-250.html) Yamana Gold Raises Dividend by Further 12%; Fourth Dividend Increase Announced by the Company in the Past Year for a Cumulative Increase of 250% +* [Bubble](https://finance.yahoo.com/news/bubble-warnings-louder-nasdaq-erasing-192737012.html#:~:text=Bubble%20Warnings%20Get%20Louder%20With%20Nasdaq%20Erasing%20Huge%20Monday%20Rally,-Lu%20Wang&amp;amp;text=(Bloomberg)%20%2D%2D%20Just%20three%20days,stocks%20are%20in%20a%20bubble.&amp;amp;text=The%20Nasdaq%20100%20was%20down,its%20gain%20for%20the%20week) Warnings Get Louder With Nasdaq Erasing Huge Monday Rally +* [YouTube](https://www.benzinga.com/markets/cryptocurrency/20/07/16763721/youtube-urges-court-to-quash-cryptocurrncy-scam-lawsuit-citing-social-media-immunity?utm_source=feedburner&amp;amp;utm_medium=feed&amp;amp;utm_campaign=Feed%3A+benzinga%2Fmedia+%28Channels+-+Media%29) Urges Court To Quash Cryptocurrency Scam Lawsuit, Citing Social Media Immunity (GOOGL, GOOG, AAPL, MSFT, TSLA) +* [RCL](https://www.benzinga.com/news/earnings/20/07/16764394/return-on-capital-employed-overview-royal-caribbean-cruises?utm_source=feedburner&amp;amp;utm_medium=feed&amp;amp;utm_campaign=Feed%3A+benzinga%2Fgeneral+%28Channels+-+General%29) Return On Capital Employed Overview: Royal Caribbean Cruises +* [INWK](https://www.globenewswire.com/news-release/2020/07/23/2067014/0/en/The-Law-Offices-of-Frank-R-Cruz-Continues-Its-Investigation-on-Behalf-of-InnerWorkings-Inc-Investors-INWK.html) ($2.75) The Law Offices of Frank R. Cruz Continues Its Investigation on Behalf of InnerWorkings Investors +* [MOHO](https://www.globenewswire.com/news-release/2020/07/23/2067013/0/en/The-Law-Offices-of-Frank-R-Cruz-Continues-Its-Investigation-on-Behalf-of-ECMOHO-Limited-Investors-MOHO.html) ($2.05) The Law Offices of Frank R. Cruz Continues Its Investigation on Behalf of ECMOHO Investors +* [ET](https://www.businesswire.com/news/home/20200723005934/en/Law-Offices-Frank-R.-Cruz-Announces-Investigation) ($6.62) The Law Offices of Frank R. Cruz Announces Investigation of Energy Transfer LP on Behalf of Investors +* [TSQ](https://finance.yahoo.com/news/law-offices-frank-r-cruz-220000530.html) ($4.60) The Law Offices of Frank R. Cruz Continues Its Investigation on Behalf of Townsquare Media Investors +* [ERII](https://finance.yahoo.com/news/law-offices-frank-r-cruz-210000189.html) The Law Offices of Frank R. Cruz Announces Investigation of Energy Recovery on Behalf of Investors +* [COG](https://www.globenewswire.com/news-release/2020/07/23/2066935/0/en/Faruqi-Faruqi-LLP-is-Investigating-Cabot-Oil-Gas-Corporation-COG-on-Behalf-of-its-Shareholders.html) Faruqi &amp;amp; Faruqi, is Investigating Cabot Oil &amp;amp; Gas on Behalf of its Shareholders +* [GDOT](https://www.businesswire.com/news/home/20200723005979/en/Green-Dot-Announce-Quarter-2020-Results-August) Green Dot to Announce Second Quarter 2020 Results on August 4th +* [OMC](https://www.prnewswire.com/news-releases/omnicom-group-schedules-second-quarter-and-year-to-date-2020-earnings-release-and-conference-call-301099233.html) Omnicom Group Schedules Second Quarter and Year-to-Date 2020 Earnings Release and Conference Call +* [NSIT](https://www.businesswire.com/news/home/20200723005976/en/Insight-Enterprises-Report-Quarter-2020-Financial-Results) Insight Enterprises to Report Second Quarter 2020 Financial Results on August 6, 2020 +* [GSHD](https://www.globenewswire.com/news-release/2020/07/23/2067042/0/en/Goosehead-Insurance-Inc-to-Report-Second-Quarter-2020-Results-on-Thursday-July-30-2020.html) Goosehead Insurance, Inc. to Report Second Quarter 2020 Results on Thursday, July 30, 2020 +* [BANX](https://www.globenewswire.com/news-release/2020/07/23/2067034/0/en/StoneCastle-Financial-Corp-to-Host-the-Second-Fiscal-Quarter-2020-Earnings-Conference-Call-and-Announces-Net-Asset-Value-as-of-June-30-2020.html) StoneCastle Financial Corp. to Host the Second Fiscal Quarter 2020 Earnings Conference Call and Announces Net Asset Value as of June 30, 2020 +* [Warren](https://www.foxbusiness.com/markets/warren-buffett-beefs-up-bank-of-america-stake) Buffett beefs up Bank of America stake +* [Coronavirus](https://www.foxbusiness.com/lifestyle/americans-wont-renew-gym-memberships-coronavirus) affecting gym membership as many Americans won't renew after pandemic: Survey +* [Gold](https://www.foxbusiness.com/markets/gold-prices-zoom-into-record-books-set-sights-on-further-gains) prices zoom into record books, set sights on further gains + +***COVID-19 Stats and News:*** + +* [COVID-19 Stats](https://www.worldometers.info/coronavirus/country/us/) +* [Latest Map and Case Count](https://www.nytimes.com/interactive/2020/us/coronavirus-us-cases.html) +* [Virus](https://www.nbcboston.com/news/coronavirus/virus-updates-fda-expands-toxic-sanitizer-list/2164311/) Updates: Trump Scraps Florida GOP Convention Plans; US Cases Top 4 Million +* [US reports](https://www.cnn.com/world/live-news/coronavirus-pandemic-07-23-20-intl/h_1449d032d5cc93138063e516e20715a2) more than 4 million coronavirus cases + +***Macro Considerations:*** + +* [Economic Indicators](https://tradingeconomics.com/united-states/indicators) +* [Economic Indicator Forecasts](https://tradingeconomics.com/united-states/forecast) +* [Tracking America’s Recovery](https://www.cnn.com/business/us-economic-recovery-coronavirus) + +[***Most Recent SEC Filings***](https://www.lazyfa.com/events/) + +* [SEC Form 10-K](https://sec.report/Form/10-K) +* [SEC Form 10-Q](https://sec.report/Form/10-Q) (Quarterly Performance) +* [SEC Form 8-K](https://sec.report/Form/8-K) (Information of Shareholder Interest) +* [SEC Form DEFA14A](https://sec.report/Form/DEFA14A) (Upcoming Shareholder Meeting) +* [SEC Form 4](https://sec.report/Form/4) (Insider Trading) +* [SEC Form 144](https://sec.report/Form/144) (Insider Selling) +* [SEC Form 13F](https://sec.report/Form/13F-HR) (Institutional Investment) + +***Other*** + +* [Current Trading Halts](https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts) +* [Reg SHO Threshold List](https://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold) +* [Short Sale Circuit Breaker](https://www.nasdaqtrader.com/trader.aspx?id=ShortSaleCircuitBreaker) +* [Highest Short Interest](https://www.highshortinterest.com) +* [Most Recent Insider Filings](https://m.insidertracking.com) +* [Fear and Greed Index](https://money.cnn.com/data/fear-and-greed/) +* [OTC Market Snapshot](https://www.otcmarkets.com) +* [Highest Implied Volatility](https://www.barchart.com/options/highest-implied-volatility/stocks) +* [Most Recent IPO Filings](https://www.ipomonitor.com/pages/ipo-filings.html) +* [Dividend Calendar](https://www.thestreet.com/dividends/index.html) +* [Most Active Stocks](https://finance.yahoo.com/most-active) +* [Daily Gainers](https://finance.yahoo.com/screener/predefined/day_gainers) +* [Daily Losers](https://finance.yahoo.com/screener/predefined/day_losers) + +\----------------------------------------------- + +[Morning Research and Trading Prep Tool Kit](https://www.tradinganalysisresources.com/2020/05/free-references-and-resources.html?m=1) + +Other Useful Resources: + +[The Ultimate Quick Resource For the Amateur Trader.](https://www.reddit.com/r/pennystocks/comments/hcja2q/the_ultimate_quick_resource_for_the_amateur_trader/) + +Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on [The Twitter Link Here](https://www.tradinganalysisresources.com/2020/05/free-references-and-resources.html?m=1) . Alerts in the tweets will direct you to the daily brief in this sub + +It is up to you to judge the accuracy and veracity of these headlines before trading. +Low interest rates mean that now is actually the worst time possible to get a home loan. + +If you think about it. There's nothing but upside risk for interest rates. The market doesn't price this in as people's appetite for lending increases as the bank is willing to lend them more money and lower interest rates mean prices rise as everyone is rushing to borrow more money and competing with each other for limited resources. + +This is what happens to your repayments when interest rates start to rise again: + +https://preview.redd.it/naskuuqjwmq61.png?width=865&format=png&auto=webp&s=f8643b9da27698032c39b5982ca206e6a4c31227 + +The loan in row 2 is priced at the cheapest loan I could find on a comparison site at 2.14% and assumes a 30 year term with monthly repayments. + +Sure interest rates may not rise soon but most loans are 30 year loans and even if you pay it off 5 years early (which is a lot of extra repayments) that's still a 25 year loan which is a very long time. No one can predict where interest rates will be even in 10 years. + +But regardless of this all the market sees is, wow, low interest rates, I can borrow more money! More risk and more chance you could be paying 8% on your fat mortgage which may even see you unable to make the repayments. + +&#x200B; + +&#x200B; +I sold $2.2k worth of BTC in March and traded it into VET at 19.3c.... + + +I think I don't have to describe how I feel about it and what I learned is that speculative trading is a guaranteed way to lose everything you have. In the meantime one is looking for an exit point from the worst performing asset it has, TONS of other possibilities are passing by. + +I wanted to reallocate into MATIC as soon as VET hits my AVG. to avoid losses. Guess what? It didn't hit my AVG. ever and as it was going down again, I always found an excuse not to sell, because it will go up again and when I finally decided to DCA out, it has tanked back to February levels. + +In the meantime MATIC had at least 3-4 dips and back from 1.8$ back to 2.2 which would have been perfect buying opportunities to DCA into the asset. + +What ifs are the worst in this market and it will eat your soul... +One of the most important questions property buyers have is how much to offer on a property they like. Goes without saying that there is no right or wrong answer and it depends on several parameters. + +But what the buyers can do, is play with publicly available data and find out: + +1. If some estate agents routinely price it much higher and then offer a hefty discount? + +2. Are these discounts dependent on the price of the property? + +3. And most crucially, what’s an acceptable discount you can ask for without ‘insulting the vendor’? + +This is what I did: + +1. Set up email alerts from Zoopla and Rightmove for the area I was interested in. I included all types of properties in a wide price range. + +2. Once a month, looked at the sold prices data from Land Registry and compared it against the Initial asking price for that property. Some property might have several price revisions. The publicly available snapshot will only show the last asking price. If you have it in an email you can find out the initial asking price easily. + +3. Plotted the Initial asking price against the eventual discount the vendor had to offer. Link: [https://imgur.com/a/13kdX8a](https://imgur.com/a/13kdX8a) + +**Observations:** + +1. Yes, some estate agents are worse than others. Don’t want to name names, but one agent beginning with H and ending with T is the worst when it comes to valuation in my area. Interestingly, some agents are consistently on the ball ( +/- 2 %). + +2. The valuation is less accurate for higher priced properties. Sub £300k properties, the best discount was 4.35%. For £500k plus properties, a 10% discount was quite common. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +The quality of this sub has gone downhill rapidly. Seems like wild meme trades are 2/3 posts now. I even see some WSB vernacular in the comments. + +I feel like I’m not learning anything from most of these posts which isn’t a good sign. If mods do nothing this sub will become nothing more than the “sell side” of WSB. Whether apes buy or sell bananas, they’re still apes no matter how you slice it. + +Perhaps changing the sub description to “We share statistically favorable options premium selling strategies” or something would help, I see a lot of people using the current description as justification for stupid trades. + +I know there’s still intelligent life on here, so speaking to you guys. Any subs you know of that hasn’t been severely polluted by the apes? Besides general ones like r/options. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +**Option Selling and Negative Skew** + +Behavioral finance suggests that humans innately prefer positive skew (low chance of big returns - i.e. lottery tickets, buying insurance) over negative skew (high chance of small returns). One reason for this could be to allow humans to make less risky all-in choices that ensure self-survival. + +Selling options is a prime example of negative skew. Option sellers collect premium (high chance of small returns, with a low probability of large losses over and above premium). + +&#x200B; + +**Black Swan: A event that comes as a surprise, has a major effect, and is often inappropriately rationalised after the fact with the benefit of hindsight** + +Options do not have black swan events modeled in the price. Black swans are by definition, highly improbable and impossible to predict. While pricing options, MMs do not account for black swan events. + +One prominent advocate of this matter is [Nassim Taleb](https://en.wikipedia.org/wiki/Nassim_Nicholas_Taleb), an author, former option trader, and advisor to [Universa Tail Fund](https://www.bloombergquint.com/business/taleb-advised-universa-tail-risk-fund-returned-3-600-in-march), a hedge fund that caters towards protecting against tail risk. You may have heard of some of his works, such as The Black Swan, Antifragile, and Fooled By Randomness. + +He argues that financial markets rarely follow a normal distribution, and instead exhibit higher than expected fat tail risk. However, his point is that market participants do not price in a fat tailed distribution. + +&#x200B; + +**Recent Company-Specific Black Swan Events in 2020** + +Wirecard AG was a leading German payment processor and financial services provider with operations globally. It has been listed on the Frankfurt Stock Exchange since 2005, included in the TecDax in 2006 (30 largest German technology companies), and included in the DAX in 2018 (30 largest German companies). + +On June 18, Wirecard was trading at EUR 104 per share with a market cap of EUR 12.8bn. The next day, its auditor found insufficient audit evidence of EUR 1.9bn of cash in the firm's balance sheet. Shares fell by 62%, dropping a further 35% the next day (two-day drop of 75%). Today, Wirecard trades at EUR 1.90. + +Luckin Coffee was a Chinese coffee company and coffeehouse chain with over 3,600 outlets, touted to be the next major player to Starbucks. It was listed on the NASDAQ since May 2019. + +On April 1, Luckin Coffee was trading at USD 26 per share with a market cap of USD 6.6bn. The next day, the company released news that its COO fabricated sales by an estimated USD 310mn. Shares instantly fell by 76%, with trading halted a few days later. The company was ordered to delist from the NASDAQ on June 29. Today, Luckin Coffee trades at USD 2.40 over the OTC market. + +&#x200B; + +**Back to Option Selling: An Inescapable Catastrophe?** + +The reason for this post is that these recent black swan events involve large cap blue chip companies that are listed on major stock exchanges. + +For purposes of this topic, let's take for example Trader A who solely sells Cash Secured Puts (CSPs) on individual stocks. This could be a variation of any strategy such as the Wheel. Trader A sells CSPs on one individual stock at a time, at account size. + +If we account for the black swan events above (single day fall of 60-80%), even at a extremely low probability (random guess, 1 in 50,000), as number of trades *n* tends to large enough number, the portfolio will trend towards zero. + +Even if your strategy has a long run positive EV, the timing and unpredictability of chance means that a few bad trades could knock you out (akin to flipping the coin and landing tails 10 times in a row, improbable but also not impossible). + +This boils down to the fact that MMs, while pricing options, do not account for such black swan events. Hence, in taking on a short option trade, you are taking on this understated risk without being compensated for it. + +&#x200B; + +**Solutions?** + +My thoughts are then - what are some of the ways to avoid such tail risk or to keep EV positive while selling options? A few different ideas come to mind: + +1. Diversification and Trade Size: modern portfolio theory suggests holding stocks over multiple tickers, reducing unsystematic risk. However, for retail traders, selling options across 20 to 30 stocks increases chance of human error, miscalculation, and takes up much more time (placing, monitoring, and managing trades), spread fees, commission fees etc. +In addition, probability of black swan event (single day fall of 60-80%, 1 in 50,000 chance) does not change. You could argue that this allows black swan events to be distributed over a large enough span of time for the portfolio to recover, but the inverse and bad luck is also true. Another way could be to only trade index funds such as SPY. +2. Delta / Gamma Hedging: MMs do this to reduce risk and possibly hedge against unforeseen events. However, this is sophisticated for retail traders, while also incurring time cost, spread and commission fees etc. + +&#x200B; + +Would love to hear thoughts on this, any and all are greatly appreciated. + +*\*Apologies if I am incorrect in any of the details and assumptions above, just my two-cents.* + +&#x200B; + +**TLDR; Option selling involves black swan risk that you are not fairly compensated for, and which puts one's portfolio at understated risk. Thoughts?** +The end of the year is closing by, and we had a hell of a roller coaster with inflation, war, supply shocks, energy crisis and what not. I was wondering how did you guys do applying the wheel during this ferocious year. + +[View Poll](https://www.reddit.com/poll/z933mm) +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +So I have been looking into 0 DTE ICs on the major indices like SPX and I found that you can sell an approx. 10 delta 0 DTE Iron Condor on SPX and receive \~$1,000 in premium with a Buying Power requirement of \~3x that amount. This IC has an 83% POP and at 10 delta would be higher than the expected move of the SPX. With a proper stop loss in place of around 2x the credit received could this be a viable strategy to make fairly consistent gains while ensuring that any loss from a big move upward or downward is capped? any opinions or suggestions would be most appreciated! +So ive been wheeling and using theta gang strategies the last 3 months and have heard about pmcc in recent weeks. I understand how they work but am curious what are some stable low iv stocks you all like to use for pmcc. Ive been thinking at&t would be a good choice along with Cisco but wanted to hear from experts. + +Thanks in advance. +Anyone playing PLTR? I sold CSP 24.5c 2/26 but in all honesty I’m hoping to get assigned. Anyone else doing the same play? Or what’s your PLTR entry play? + +I also added to my CRSR position +Tired of breaking even or losing. I want to be part of the thetagang. + +&#x200B; + +[https://www.tastytrade.com/tt/learn/poor-man-covered-call](https://www.tastytrade.com/tt/learn/poor-man-covered-call) + +What is it? + +Buying a Deep ITM Leap Calls for low volitivity stocks and selling near term covered calls for it's juicy premiums. + +Checklist of how to get in and what to look for. + +* Long ITM Leaps with .80\~ delta (having .80 delta will offset the delta taken from the short calls) +* Low IV (in the case of sudden spike and possible dipping past the long call strike, IV increase will bring more value and often set lost with extrinsic value) +* Sell covered calls weeklys or biweeklys with OTM probability 70\~75%. In the case of assignment, roll your short calls over to the following week and increase strike price. + +Why use it? + +When you're too poor and want to get into those juicy juicy $10.00 - $30.00 premium tendies. Yes you can sell multiples, but sometimes you want to play with the big boys with your smaller account. + +If you feel ballsy you can always make use of this strategy with TSLA LOLL + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Final questions + +Do you guys use it? I have about $30K to play, but "The Wheel" on stable stocks doesn't seem exciting to me. +I'm an out of state investor and I purchased a house back in May. A bunch of things happened but I'm now being told that the seller took back the window AC/heating units right before we closed. I know its been about 6 months, but is that something a seller can do? Listing said new AC units so I assumed it would stay and my PM didn't tell me so here I am..... + +Is there something I can do legally? Will it be worth it? I'm being told to replace the two units it'll cost at least $1000 which isn't the biggest issue but I'm more pissed about the fact that they took it out. + +Thanks +Ive reached my first 100k+ (which will likely be closer to 200k by the time i graduate). My issue is I’ve just now began making this money through self employment. I was told I’d need proof of stable income before I can truly start thinking about buying a home, I’m interested in house hacking since I graduate this year. + +I do have a job but I make so much less (only working there for experience and no resume gaps), so I wouldn’t be able to depend on that income. The whole point is i want to get into house hacking so that i have a place to live and i can also dip my foot into real estate and build up from there. I want to build enough to support me through PA school without needing to work. How can I go about this ? Do I just have to wait for next year for proof of income? +I know I need to find out if I can even find one that allows STR, but I see some interesting units in Capitol Hill, for inexpensive. Would not be a good place to stay long term (3-400 sqft), but if you consider it basically a hotel room, it’s interesting. I think I could get one with a <1500 monthly debt, and bring in 900/mo in winter, and 3400/mo in summer. I’d we use a management company for say 20%... call it 800 winter and 3000 summer, after debt, netting and average of 900 say (-600 winter, 1500 summer) Sounds totally reasonable to me, what am I missing, not thinking of, etc? + +Thank you! +I have a large amount of equity in my primary residence. I would like to invest in vacation home that I would ABnB when I��m not using it. The equity is about 2 times more than the cost of the vacation home. What is the best way to go about using the equity? +Thanks in advance for the help! +Like i really enjoy finding and analysing opportunties, even started automating it with web scraping. Just i dont have the money for the deals i find. Is working for a property managment company doing analysis a full time position? Or you always end up in sales as a realtor? +Pretty self explanatory. What tips do you have for someone that is going in 50/50 with another person? Any lessons learned, things you would have done different? +Hi everyone, hoping to get some advice on whether real estate investing would be worthwhile to get into for me! + +I'm currently living in my parents house due to COVID. I live in the outskirts of CA (think north of Sacramento). I'll likely be relocating to the East Coast for work in August. The pandemic has been pretty good for my savings in that I've amassed about a 75K savings. I currently work in tech (\~100K/yr), but I'll be applying to a PhD program for entrance next year. + +Here's the rationale I've thought in terms of getting into real estate investing: + +At this point, I've pretty much decided that I likely won't be buying a house I'll live in myself until I'm settled down with kids and a family. (I don't think that'll happen for another 5-8 years.) I'm not particularly comfortable investing the savings into the stock market in fear of having to cash out the stocks in a bear market. However, I'm also convinced that having this money in a savings account for the next 5-8 years is the move, and I wanna do something more, perhaps real estate. I think real estate investing would be quite interesting in that my parents have been landlords for single family units for 10+ years now, and they've done quite well for themselves. My parents said that they'll be happy to manage my property in the event that I move elsewhere. Also, my father is quite handy with many simple repairs, which I hope brings down maintenance costs. + +I've been eyeing a 4-plex that costs 424K with a projected rent of 38K/year. Using one of the calculators I found here (thank you u/CitizenCaecus\*\*)\*\*, it projects a $750 cash flow per month with a 7% cash on cash return. I know that most people tend to look for a 10-12% cash on cash, so it's a bit lackluster in this regard. Should I still be concerned about buying into such a hot market if my estimates indicate a positive cash flow? What's your general advice in investing in this climate? Am I in over my head? + +**tl;dr** + +1. I have savings for a down payment. +2. Should I necessarily be concerned that I'm buying into a super hot and expensive real estate market even if the property is projected to cash flow? +[https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-003](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-003) + +(Scroll to bottom of PDF: [https://www.sec.gov/rules/sro/dtc/2021/34-91587.pdf](https://www.sec.gov/rules/sro/dtc/2021/34-91587.pdf)) + +&#x200B; + +EDIT ADDING BOOKMARK FOR 801 TO CHECK WHEN IT IS APPROVED: [https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002) +It's an inevitability that one of these companies are going to be acquired. What happens to all the tokens when an acquisition happens? Do funds get distributed to token holders? +Throwaway account for obvious reasons. I've got a significant amount of ETH and with the price run-up, has made me wealthy enough to retire at a young enough age. I haven't told any friends or family at all. Some know that I started buying ETH at around January 2016, but they don't know how much I have. + +I want to tell someone, but I'm afraid of the repercussions of jealousy, people asking for money, or asking for me to pay things etc. I also want to take my parents and siblings out to a very nice vacation but don't want them to know I funded it because I don't want them to ask money from me in the future. We just haven't been all together in a while and it would be nice to have the whole family together for once for a week, stress-free at a resort. + +My spending habits won't change. I'm happy the way things are. I'm still working and will continue to work and won't buy anything fancy for myself. I'll continue to drive my cheap car and rent my dwelling. Buying a lambo did cross my mind a few days ago, though! :) + +Specifically, I'm looking for advice on how to best manage this. I'm not going to cash out soon because I don't need to and I believe that ETH has a good chance of becoming the B2B token for everything. Plus I don't want to initiate paying taxes. I want to participate in staking when it happens as well. + +Does anyone have any books or resources to recommend on how to manage new found wealth? I don't want to hire a financial advisor. + +Edit: Typos. +Lettuce keep this real.....ETH in the long run is going to be around $15 dollars by end of this year or once DAO(s) are released. Now, the possibility of ETH going moon status (over $20.00USD) is still a real concept. So, for all my bagholders out there or even newbs that are just joining....for transparency, who are the LONG cats here?? + +I'm at 1000+ ETH, and I am going nowhere...I will in fact buy more if it hits around $7ish. Where you Longer's at?!?! + + +We’re building Settle, an operating system for decentralized finance. Settle purpose is to make it super easy for people to build, deploy and monetize the tools that will make operating within the decentralized financial paradigm better than the legacy financial paradigm. +What are the most annoying pain points about trading, speculating, borrowing, lending and operating within the space? +We’ve had over 100 developers register interest (hackathons + Settle Developer Program) in building apps on Settle, and we are doing everything we can to help them, but one thing we would really like to know is what are the biggest problems you have right now? What’s the most annoying part of your day? What’s one thing that prevents you from making more money\*? + +If you’d be open to doing a short call sometime with me or another team member to talk about what pains you, Fill out this 2 question form: https://settlefinance.typeform.com/to/x4TefC +If you’d rather just drop it in the comments, we’d love that too! + +&#x200B; + +\*Note: we can not make ETH go up…. directly. +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! + +Long time lurker, first time posting... recently sold my business after 25+ years (46 years old / NW $8MM in a MCOL area) with the intent of having more free time. Despite being relatively young and in good health, the demands of work and family life put self care on the back burner. As I adjust to working fewer hours one of my goals is to eat better and exercise more regularly. It got me thinking about the value of concierge medicine as opposed to the traditional yearly physical (honestly can't tell you when my last one occurred!). If the goal is to live a long time to enjoy the fruits of your labor, it's impossible to put a price on one's health. That said, I am interested in thoughts on the relative worth of concierge medicine and the more holistic approach they might offer. Would appreciate any opinions. +I have had a lot of business success and travel a lot with work. + +Most evenings and even lunches, it is 'a celebration in my honor', and people pour wine or champagne or whatever, and it feels like I am insulting people if I don't drink. Like I'm saying 'you aren't special, I only drink with others'. + +Then when I return home, my girlfriend will greet me with some wine, as the 'finally we're together, let's celebrate', and it seems rude to just have sparkling water. + +It has really become too much, so I am looking for some good excuses to pass on the drinks and ideally limit it entirely to just Friday and Saturday nights. + +Have any of you faced the same problem, and found a good / half-decent solution? +It seems that all the interesting discussions are increasingly moving off mainstream social media and towards private chat groups. + +I expect this is especially the case with topics and groups related to r/fatFIRE e.g. + +&#x200B; + +* Finance / Investing / Wealth management +* Tech +* Founders that exited startups +I know the car question gets tired here, but the tesla subs are so polarized. + +I have decided to give a tesla a try with the next car. We lease our cars and the sedan is about up for renewal. We have been in a Lexus es fsport for two leases and really like the car and company, but I am in the mood for something different. + +So, my dilema is deciding between the Tesla 3 performance and the new S long range. Coming from a loaded Lexus, will the 3 feel less luxury? + +Also, I plan on leasing it as we have with the Lexuses, but my rationale there has been that we like the tech refresh every few years. With software updates being automatic, is that less of a reason to lease with the Tesla? +I run a small single family office, I manage our own wealth, and all of the tasks relating to running one. We primarily invest in real estate, and have smaller investments in private equity and even less in public markets. The easiest way to describe my job, is I’m a real estate focused, single family office CEO. + +I’ve had a few startups before, probably almost 25 employees at most in the past. However I’ve never had a personal assistant in the past, mostly engineers and sales people when I ran a tech startup. + +I currently have no full time w-2 employees, only contractors that run various parts of our buisneesss, legally. And plan on keeping it that way, as I can put money to work and it doesn’t complain or have HR issues. + +I’m finding some needs now, that have pushed me to hire a part-time, remote, virtual assiant to start helping me with various tasks. However, I don’t really know all of the things they could really help me out with. I’m assuming like there may be a variety of additional things they could help me with that I simply don’t know. I’m inexperienced here. + +My question — From your experience, what are the most effective ways that a virtual (or non-virtual) assistant have helped you? + +Thank you. +/u/Coincle pledged in [this message](https://www.reddit.com/r/Bitcoin/comments/5bnggm/if_trump_wins_heres_what_ill_do/) that if Donald J. Trump won the US Presidency, that he would give each user who commented on his post, .01 bitcoin. + +2,547 fulfilled their end of the bargain by commented on his post, Mr. Trump fulfilled his end of the bargain by becoming President Elect. I believe it's now time for Conicle to fulfill his end of the bargain. + +Coincle said, "I've been a long time bitcoiner, and this won't break me" + +However, after several hundred people commented on his post, he updated his post with a survey [link?] asking whether he should give .01 bitcoin to the first 250 people, or .001 bitcoin to everyone who posted. + +2,547 people ended up commenting on his post. That's 25.47 bitcoin. (Many didn't leave a bitcoin address, so it would be much less). I was one who left my address, yet I don't see any .01 bitcoin transferred to my address. + +Does anyone here believe that ones word is ones bond? If Conicle has been here "for years", and this post "won't break" him, shouldn't he be a man of his word and do what he says? (Or, even if it would break him, shouldn't he be a man of his word anyway?) + +Besides, if Coincle was an early adopter, and a miner before 2012, than 25.47 bitcoin is only 1/2 of one 10 minute reward. + +I'm calling you out /u/Coincle - Keep your word and your end of the bargain. + +Or, are you going to sell your good name for only 25 bitcoin? + +edit I: His post as been locked, and his original comments deleted + +edit II: /u/Coincle has now [deleted his entire account](https://www.reddit.com/user/Coincle) +> The “throughput” that Byrne is referring to is really the ability of the Bitcoin network to process large numbers of transactions and upload them to the blockchain without getting bogged down. As numerous spam attacks—or “stress tests,” depending on your outlook—have proven over the last year, the Bitcoin blockchain is pretty easily gummed up. If this happens, that proof of stock ownership might not take 10 minutes to go through, but hours, or even days. Another chain might not have these issues. + +http://motherboard.vice.com/read/overstock-wants-to-fix-wall-street-by-trading-brokers-for-the-blockchain + +Here's a major player who wants to use Bitcoin as a settlement layer today, and has to look at other alternatives because of the block size cap. + +I fear this is rapidly going to become a reoccurring theme... + + +This sub is the single most powerful investigative tool that has ever been assembled by far. Never in the history of mankind has there been a more diverse set of competence peer-reviewing each other's work, so that all angles can be scrutinized and improved upon. The power of a worldwide crowd-sourced community that never sleeps, never takes a day off and never bends to the will of any one entity is the future of true democracy. + +Ladies and gentlemen, we are the template for all just causes of the future. No matter if it is us or others, we have shown the way for what is possible and how to achieve it. Of all the things I have ever been a part of, this is by far the most important, and I thank you all and myself for the unwavering resolve shown in the face of pure oppression and unfairness. + +Now slap yourselves on the backs for being awesome, and MOASS tomorrow. +I am keen to learn how to code but want to know the community opinion regarding the different languages. I will be starting as an analyst in IBD in September and I am informed that the modelling team onto which I will be working uses VBA, however I want consider alternative opinions as well. + +Please give reasons as to why you use said code and if possible a brief description of your user experience. + +Thanks in advance. +When I was waitressing, I was in a joint account with my dad, letting him take money out to pay house rent and now everything is gone. My dad and I have been having conflicts because I suffer from depression and he strongly believes mental illnesses are a myth. I stopped working to return to college for computer science and I haven't been doing well, at all,and campus services are rejecting their mental health services because they believe I have used their resources for too long. My dad had been really angry with me and so he left us, just like that. I wish I wasn't so damn stupid and depressed. + +There is no income in our family right now. And neither my mom or I know how to do taxes, pay bills or rent because my dad always assumed control. He didn't teach me when I asked. Right now we are both at loss and I only have the remains of my tips from waitressing to pay off bills. I failed two of my midterms and the financial stress is pushing me deeper down. + +I don't know anything about personal finance so I'm trying my hardest to research with the links given in FAQ but the bulk of information has got me paralyzed and I was hoping to get advice on this post. What do I do and where do I start? I need help please and thank you for reading. + +**Edit**: Thank you very much for all your replies. I'm really grateful to everyone for sending me their practical advice and best wishes. It really makes me happy to know that so many of you care about a stranger online. + +Also, I really want to note that **I am not, in any way, going to accept donations**. It's dangerous to send money to an online user because of your emotions. I came here for advice and I think that if a charity or donations are made to me, there will be a snowball effect for future posts and I don't want my issue to kickstart /personalfinance into a donation pool for scammers. + +Again, thank you for everything and it's been said and over done but I really can't thank you all enough. + +**Edit2** I'm really sorry I can't reply to all your comments. Please know that I read everything in my inbox and you are all very wonderful people. I think from everything I've read, I've learned that I need to start moving forward by taking responsibility, staying strong and take into mind what I don't want to hear and what I do so I can move forward by acknowledging and understanding everything that's on the table. I have a notepad filled with lots of links and advice to go through thanks to all of you. I'm really happy for all your care and kindness. Thanks to everyone who responded and for all your help. +Just wanted to say thanks to everyone here for providing me with knowledge and insight on this journey. I think at this point, I'm just going to settle down and not cash out. Some people are greedy and want their money now, but I'd rather make a lot more money later. +And I'd like to amend the standard "unrealized gains..." line: + +>Unrealized gains are *always* bigger than realized gains, despite their fictitiousness. + +Wouldn't you rather have big gains? + +Thanks for your time. And if you're feeling similarly to me, please also do not cash out. You will be glad <insert literally any future timeline here> from now. +I made a comment about this in the daily, but wanted to post it here for some more visibility. + +This sudden obsession with crypto's supposed mass move to GME is based on zero real information. Until I see volume that shows they've moved, I'm going to assume it's more FUD for the media to blame crypto on the market decline. Especially when there's really only one post on the whole crypto sub linking the recent dip and GME, and most of the comments are talking like it's just conspiracy mumbo-jumbo. The general consensus on the crypto sub is that they've been infiltrated by r/superstonk conspiracy theorists. + +So that means either: + +1. This is an intentional shill tactic to shift the blame of the market decline to crypto day traders +2. This community has just taken no news too far and made tons of memes without real evidence +3. Both of the above + +My opinion is that it's #3. Shills made this no-news "news" here, and our sweet smooth-brained apes went to the meme factory because it's exciting. This is what they wanted. ALWAYS DOUBLE CHECK YOUR SOURCES, OR CHECK FOR YOURSELVES BEFORE YOU INADVERTENTLY SPREAD FUD!!! + +[Here's the original post on the other sub.](https://www.reddit.com/r/CryptoCurrency/comments/njegof/the_real_reason_crypto_is_tanking/) Look at the comments. + +Just buy, hodl, and vote. + +Edit: As u/the-stratonites mentioned, there is another possibility: it's so HFs/media can say the reason GME went up today is not because of T-35 or anything to do with GME directly, but because crypto people started selling all their crypto and bought GME instead. +I budget so much and work so hard, I simply can’t afford to live with these higher gas prices. Why can’t we use our own gas reserves??? + +What makes me the most devastated is the fact that once they come up, it’s unlikely that they may come all the way back down. So we’re potentially stuck. + +Do our politicians realize we can’t live like this??? I mean $4.09/gallon.. I can’t do this +Am I missing anything with this scenario? If I can save enough into my 401k until I am 55 to have a value of $1.5M, and it continues to grow throughout retirement at 2.4%, I can safely withdraw $70,000 per year until death (figuring 85) and have a small balance left over ($31k). Are my assumptions here wrong at all? + +Edit: Thanks a lot everyone for all the input. You've given me a lot of great feedback about things I'm not considering but need to, and asked some questions that are helping me think through my plans in greater detail. +We all like to speculate, especially with price predictions. I dont do this very often, but seeing some questions in the daily about what is different this time, etc, etc, i thought i would be fun to do some research. So lets compare the current bullrun VS the last bullrun. To be real, i am just a nobb, all i do is gather info and try to understand it. Thats it. I like to investigate and learn. So feedback is always welcome. I do apologize for spelling errors. + +If we look at the last bullrun vs the current bullrun than there are similarities. I will look in to the similarities and whats different from the last time. My main focus is BTC. Ofcourse **a lot of this is hopium, but its fun to speculate and to research.** As all redditposter say, not financial advice tho. + +**Current chart vs 2017 chart** + +If we look at the current status of the last three months, the dips that have been happening and now there recovery, it looks quite simular to the last bullrun. If we look at how much BTC gained during the Bullrun from 2018, and history would repeat itself, than we will see some massive gains in the upcoming months. + +https://preview.redd.it/1wcsocufh6m61.jpg?width=1761&format=pjpg&auto=webp&s=b8ab6fca3d7491b9c1c40b1633ec302bb4397cf0 + +This would mean BTC will hit 100k in the upcoming months. This is just based on the similarities of the last bullrun, so cant take much from it. We all know what happend next, so would prefer a steady grow up. The massive growth was caused by retailinvestors after cryptocurrency went all over the media. + +**Pisu666 comparison and formula** + +I did some research and came across the medium of Pisu666. He proposes a different approach to predicting the bitcoin price’s short-term progress in the growth phase after the halving in comparison to the S2F PlanB theory. + +His goal is to develop an understanding of the Bitcoin price course and check new approaches to explain the price fluctuations and the prediction. + +*So I got all the historical bitcoin values since 2014 and looked at the phase in which bitcoin’s value increased. Then I looked for the beginning of the new growth phase from 2018 and compared these values with those from 4 years ago. With a factor of 17.5 for the old values and a shift of exactly 1399 days, both value trends could be superimposed well. The 1399 days correspond precisely to the time distance of the two halvings, which took place in the respective period.* + +*Source:* [https://medium.com/coinmonks/a-little-math-and-a-bitcoin-forecast-bcaddc17d252](https://medium.com/coinmonks/a-little-math-and-a-bitcoin-forecast-bcaddc17d252) + +https://preview.redd.it/276swpmtj6m61.png?width=1948&format=png&auto=webp&s=6658f828903e70e1463fd90b45b83fba36745248 + +**Stock to flow theory** + +The Stock to Flow model measures the relationship between the currently available stock of a resource and its production rate. It's typically applied to precious metals and other commodities, but some argue it may be applicable to Bitcoin as well. In this sense, Bitcoin may be viewed as a scarce digital resource. + +Pisu666: "There is almost always a mathematical formula behind it with such a regular shape, using which you can extrapolate future values. You only have to find it and justify it. Precisely this was made possible by the S2F theory. If you look at the calculations of the S2F theory, these values magically match the actual Bitcoin prices achieved over the entire period of its trading on the exchanges. It has also been repeatedly adjusted and extended to increase its accuracy" + +&#x200B; + +[ S2F chart by Rob Wolfram \(Twitter u\/hamal03\)](https://preview.redd.it/sgqsglf2m6m61.jpg?width=1248&format=pjpg&auto=webp&s=419d9bacceada495f2686d4b725f5898b6cee4b9) + +"All in all, however, there is probably no other theory that can make reliable predictions over so many orders of magnitude." + +**The difference from 2017/2018** + +2017 was the first time that the public had a real exposure to crypto and when it happened, it went absolutely crazy. + +At this point (2020 - 2021) people are buying crypto to hold and get more over time. Mostly isnt used for trading but for holding. This is for both institutions as retail investors. As we all can remember, the 2017 bullrun was lead by retail investors and not institutions. This shift happend the last year. The retailinvestor percentage could go a bit higher due the stimulus checks, but institutions will have the upper hand. + +Massive institutional players including JPMorgan Chase & Co., Deutsche Bank, Citibank and Guggenheim Partners have publicly come out in support of bitcoin. Grayscale now owns more than 630,000 bitcoin (3 percent of the total bitcoin supply), mainly on behalf of accredited and institutional investors. + +Last time (2017), even if a company wanted to buy $500 million worth of bitcoin, there wasn't a easy way to do it. This is no longer the case. MicroStrategy was able to buy about 38,000 bitcoin with minimal slippage and market participants didn't notice. + +Here is a screenshot about the companys know that has BTC: [https://bitcointreasuries.org/](https://bitcointreasuries.org/) + +&#x200B; + +https://preview.redd.it/0zdppb4qn6m61.jpg?width=1571&format=pjpg&auto=webp&s=e10820032b278456f40332556a9698a378810f1c + +There’s still a long way to go in mainstream support for digital currencies, but this rally is broader and with greater support than for the 2017 run. + +Still, this doesnt mean that BTC wont or cant crash. But with institutions and the retailinvestors who want to hold instead of trade, the changes are it will be less extreme as the last time. + +Stay safe :) +This will definitely raise the attention of regulators. Especially these paragraphs: + +> Known as initial coin offerings, this latest twist in online fund-raising has made it easier than ever for entrepreneurs to raise large sums of money **without dealing with the hassles of regulators, investor protections** or accountants. + +> It is a frothy, sprawling and **completely unregulated way of funding start-ups**, leaving even veteran technology watchers scratching their heads. + +> This means that conventional banks and financial institutions are essentially shut out, allowing initial coin offerings to take place **beyond the control of regulators.** + +The ICO "abuses" have attracted the interest of the NYT, which means it will now also attract the interest of regulators. Now they'll probably start to come up with ideas not just to regulate ICOs but to put new restrictions on cryptocurrencies in general. + +[NYT article](https://www.nytimes.com/2017/06/23/business/dealbook/coin-digital-currency.html) +Last night we had a little dip of nearly 20% but it happened *fast*. This is a day we might all have to prep for. + + I have stop-losses in bitfinex and binance that I maintain weekly (ratios changing and all that jazz). + +Gemini scares the shit out of me. I can't automate a sell if eth hits a defined market price. I also don't want to get locked out of said platform if God forbid a crash begins to occur. How can I protect myself in this instance? Bot sell via API? + +I feel most comfortable having my money in gemini vs bitfinex and binance. Thoughts? +Has anyone tried this? + +Starting with [XSP.TO](https://XSP.TO) and an average annual savings of $10,000. I estimate that, if you can capture approximately $50-60/contract per month you will be able to acquire approximately 15-20% additional shares every year. + +Now if you're able to compound this year to year, within 12.5 years, including your additional contribution of $10,000, you'll accumulate approximately 10,000 shares. The goal is to accumulate enough shares to provide you with dividend income. You need approximately 10,000 shares to do this. + +Dividend at this level: approximately 6K per year. + +Income from premium: 72,000/year + +Total position size: 400,000. + +Probable draw down: 50-60%. $200K + +Probable % of position at risk : 39% loss. + +How you would do this is by using the premium to buy additional shares every month that you never sell. + +Risks factors: + +Problem 1- Downturn in the market - no longer able to collect premium. + +Fix - go out further in time to try and collect enough premium to purchase additional shares. In the event of a major crash, you will still be able to accumulate shares using the dividend/DRIP. This may offset those months where you aren't able to get a decent premium. + +Problem 2 - Over concentrated in one ticker. + +Fix: Can reduce position size. Transition to selling puts on half the cash position. + +What are your thoughts on this? +👋 Everyone! + +I tried searching for some kind of "where to begin" to learn about all the different types/names of crypto companies/tokens and their differentiators, but can't seem to find anything relevant. + +Is there some other sub-forum that I should check out first that might have a somewhat comprehensive list? I can't be the only one looking for this info. + +I did a general search on Google for "learning about cryptocurrency", but this mostly produces results about crypto investing or sites that are super technical. + +I found this site that has a great summary of some of the various tokens [https://abitaboutcoins.com/](https://abitaboutcoins.com/) + +TIA for any help you can offer! +Edit: Thank you guys and gals for the abundance of responses! The PF community is truly amazing!! + +So financially I'm not doing bad. I have no debt, I have almost a years worth of an emergency fund, I have maxed out my IRA and have some money in retirement. I still have a ways to go though to be truly financially fit. + +My biggest issue is lifestyle creep right now. I have mint for a budget app but last night I sat down and wrote down every single thing I spent money on in the month of May and the number was wild (btw I recommend doing this because seeing the numbers in my account vs writing them all down and tallying them up manually was very eye opening). + +So here is my plan for preventing lifestyle creep: Having 2 bank accounts. Having 1 solely for bills and 1 for "fun." I'll budget what I'll allow myself for fun and once the money runs out the fun is over. Everything above and beyond my bills and fun account would go into a high yield savings account or towards more investments. + +Ideally I'd like to be able to have more self control but apparently I can't be trusted. So please expose any flaws to my plan. Also if you have any other ideas on how to tackle lifestyle creep please drop them below! Thanks PF community! +Original thread - https://www.reddit.com/r/financialindependence/comments/8c62li/have_you_taken_a_job_at_a_startup_how_did_it_work/ + +Got a lot of great advice from a lot of people, and wanted to say a big thank-you to the community. + +It's been a wild mix of emotions over the last month and a bit, and I thought my experience would provide some help to others going through a similar, tricky time. + +1) Right after the thread was posted, I attempted to negotiate a $20k increase in salary. I was offered an extra $10k and took that job. I was happy to take on the opportunity, even if the money wasn't exactly what I was after. It did feel like a bit of a sideways step, but an appropriate one. I let my current company know, and handed in my notice. They were disappointed, but made no attempt to keep me. + +2) Everything has been smooth sailing up until a week ago. I was asked to meet with a mutual contact, also running a startup, that was looking for some tips on hiring someone with a similar skill set to mine. We got along very well, and I decided to pursue to the opportunity. + +3) Today I received a final offer, just before I was due to start with the company I'd already accepted an offer from. The offer was an extra $20k (and $30k over the job I'm leaving), a bigger title, as well as equity, and just about everything the other company could offer. I contacted the other startup, very apologetically and let them know this was best thing to do for me in my career, and for my family. + +4) Between this thread and the OP, we've managed to hit a 55% and 65% savings rate. An extra $1300 a month will do wonders for increasing that further, in our pursuit to FI. + +It was tricky letting the other guys know that I'm out just before due start, but I feel confident and comfortable with my decision. Sometimes you need to rip the bandaid off, and trust your gut. + +Time will tell whether it's the right decision! + +Thanks again all! +The fact that they’re still talking about us “Meme” investors and now introducing new headlines like conspiracy theories is quite fucking exciting. They keep attacking us for no reason lol. + + +If the GameStop hype died 6 months ago, why the fuck would it matter today? + + +There’s no need for a reaction when we’re all ultimately retarded as fuck. + + + +They’re obviously very threatened of our position. Just buy and hold my apes. + + +You’re on the right side of history. +If the board is obliged to consider offers, and if whatever the price is is less than infinity, which is what they pay out under MOASS, then why not make an offer like Elon Musk did with twitter and just install a bunch of JCramers on the board and run the company into the ground? Given the current situation with CreditSuisse teetering like the big domino it is, it seems like the less-bad alternative. + +I'm assuming there is some rule here that can't be violated, but criminals don't care about rules, so I'm stumped. +I got to thinking last night while laying in bed that the world had really gone to sh!t ... + +I've been alive for almost half a century now and have never seen the world like this. I hate to say, but I feel more and more like George Carlin's quote "Just sit back and watch the freak show folks ..... There is no hope!".... + +I mean with inflation, divisiveness, covid, labor shortages, supply chains, China, Russia, war etc.... + +I really feel like we are in for some real pain in the coming years, especially in the market. + +I used to think "Oh it'll all turn around in a year or so and we'll be off to new highs", but I'm feeling like more and more we're just going to be in the same churning market for at very least through 2024. + +I just don't see anything in the macro getting better for at very least a couple more years and maybe even 5. + +I think the Ukraine thing is just gonna get worse and worse and theres no way the market will go higher with that situation. + +Then there's China .... + +In my 46 years I must say that from late 2019 till now the world has been a real "shipshow"! + +So does anyone see a new bull any time soon or am I right in thinking maybe 2024 at earliest? + +I hate to admit it, and I'm no expert by any means, but I could see us between 2500 and 4200 for 5 more years .... + +Please tell me I'm wrong .... +Bought a 1300 sq ft 3 bed 2 bath house with a 2 car garage 2 years ago for $235k. Home currently valued at $360k. + +$390 mortgage principle + +$493 mortgage interest (2.88%) + +$800 escrow (this has gone up substantially since we bought the house) + +$1405 food/diapers/household goods for 3 adults & 3 children + +$506 gas + +$300 health insurance + +$200 water/sewage (average over past few months) + +$200 auto insurance + +$160 electricity (average over past few months) + +$80 phone plan for 2 + +$60 dental insurance + +$20 additional life insurance + += $4,614 in monthly expenses + +roughly $4,300 in guaranteed income per month after taxes + +&#x200B; + +My wife and I bought this house 2 years ago and we had cash to spare. Two years and a baby and a mother in law move in later and my base income per month is now less than our expenses. My wife going back to work isn't an option at the moment as she's taking care of her mother and a baby. I am just not sure where we could save money let alone get a space with four bedrooms. Any insight would be appreciated. + +\*edit\* +I have $45k in savings. So really the title of this post may be misleading, but my expenses are outreaching my income and they just keep going up. +Hey folks, + +Today RBC put live their beta for the true Stop Limit order book (think a CEX like Binance stop limit). + +No other DEX has this. You set a price, and it's automatically filled when it hits it. + +Currently the only pair is RBC/ETH or ETH/RBC as this is the RBC team beta testing the feature. In a few weeks more pairs will be added, both on the ETH network and Binance Smart chain. + +Check out the latest medium article regarding this update: + +[https://cryptorubic.medium.com/rubic-limit-orders-feature-abef1fa8b9ea](https://cryptorubic.medium.com/rubic-limit-orders-feature-abef1fa8b9ea) + +Exchange site: + +[Rubic.exchange](https://Rubic.exchange) + +[https://twitter.com/CryptoRubic](https://twitter.com/CryptoRubic) + +# Upcoming features and functions: + +* Wrapped RBC for Binance Smart Chain - coming soon (which also means RBC on pancakeswap) +* Wrapped RBC for Polygon network - DONE. Implementation of Polygon l2 to RBC soon +* instant cross chain swaps (binance to eth / eth to binance etc) - soon +* Anonymous trades - currently being worked on, most likely coming in over a month +* Custom l2 solutions - currently being worked on, most likely coming in over a month +* Exchange listings - coming any day from now to a month or so (the largest to medium ones) +* RBC listed as an exchange on CMC and Coinmarketcap +* Website UI overhaul and QoL changes - coming soon +* More Chains supported (avalanche was talked about in the last Clubhouse). Most likely TRON as well, and polkdadot down the line. Cardano will be looked at +* Uniswap integration (DONE). You can now see the best rates from 1inch and uniswap when putting a purchase order in - and select the best rate +* DASH partnership +* Polygon partnership +* Marketing in Korea, Japan and China underway +I’m 47 and I have the opportunity to take a $250,000 pension and roll it into an IRA or leave it with a very financially secure company and let it grow in their bonds and receive an estimated $386,000 lump at 65 with the option of an annuity. + +Which option seems more reasonable? Thanks. +Hey folks - I put this on the 'moronic Monday' thread, but given that it's Saturday, not sure how many of you are still checking that. + +Here are my dumb questions: + +1. For 2019, is it correct that I can contribute a maximum of $6,000 (separately) to both my Roth and traditional IRAs? I have one of each. +2. Does the $6,000 maximum include employer contributions? +3. Does the fiscal year for investing end on December 31st? + +Thank you! +Hi all. + +I don’t know if this is the right place to discuss this, so if it should be in another subreddit, let me know. + +I want to start off by saying I’m grateful for my parents. I am 25 and only giving $400 a month from my salary. I am saving a lot, putting money towards a down payment, have a Roth IRA, and just started investing in index funds. I’d like to move out at 28 so I can buy property and also would have paid for grad school in full by then. + +The issue is my dad is horrible with money. Horrible. My parents filed for bankruptcy last year. My dad makes close to 100K and my mom lost her job during the recession, but now has social security. + +I pay for everything on my own as does my brother. So other than rent and utilities, I pay for all my expenses. + +My dad often asks my brother or I for $500-1000 and we give it. He usually pays us back with the next check (and it’s a cycle of him just asking for it again the next month). But it’s frustrating because I can’t have a finance talk with him. + +His bad spending habits have caused me to be good about budgeting (I think?). I track all my expenses in a spreadsheet and limit myself. + +Anytime I try to bring up budgeting to him, he doesn’t want to hear it. He gets offended and immediately shuts down or starts yelling. + +Examples of his bad spending are: He spends at least $50 a day on lottery tickets. He doesn’t drink water, but instead of buying Seltzer from somewhere cheap like Walmart in bulk, he buys individual bottles from a local mart and probably spends $10+ on drinks a day. He buys 7 newspapers every single day. + +I know I don’t have the right to say much because I am living rent-free (other than giving the $400 per month). But it’s hard because then he’ll ask for $500-1000 about once a month and I feel hesitant to give it because he uses it on his bad spending habits. + +He hates talking about money and doesn’t want to hear it. Moving out is an option, but I feel like he would still struggle with money and then I would be stretched thin still trying to help them out. My dad is the type if he has money, he spends it. So I don’t think giving more money per month would help the cause. + +Any suggestions? It feels like a no win situation because he refuses to discuss budgeting but also gets frustrated when he doesn’t have money and money fights are the big fights in my family. + +They also have no retirement savings built up at 65, but that’s a whole other issue. Thanks in advance for any help! +I'm 27m. Have a pretty okay job making 40k a year in Denver. Prior to this I was a drunk bartender, so I've got no savings to speak of. + +I follow this sub semi regularly so I've got a pretty solid handle on where I SHOULD be financially, though I am not there due to one simple reason. + +Not weekly, not daily, usually once or twice a month, I'll find something or some event that I really want to go to. Whether that it's a dinner reservation, or take a trip into the mountains, just leaving the house to be social or something with friends. As anyone's aware, most trips to the pub end up between 40-100 bucks. + + +At 40k in Denver, I can save about 180-300 a month with current student debt and cost to live in denver. How am I able to put value on "experiencing my life" as opposed to saving. + +I've already noticed how quickly people stop inviting you when you say you can't go, so as a fairly new person in town, I'm seriously concerned that if I don't "pay the piper" per se, by spending time(money) with the friends I've made, that by saving money I'll go back to zero friends, and when I have gotten out of debt and have bought a house, that'll I'll be as alone as I was when I moved here. + +My question for you all is: how do you toe the line between living your life, and planning for your future? At what point do I as a hard working human need to sacrifice even the few joys I have, just to say I've got a good savings account? + +Any advice? Thanks all! + +Jimmy +Should we get earthquake insurance? We are in California in a high risk area. I've run one of the online calculators and it will probably be $1200/yr with a 10% deductible on a house worth about 450k. I've read the average claim for the Northridge earthquake was 9k to 18k. So maybe it would be better to expect the damage and have the money saved up in advance. +NY Times: https://nyti.ms/2K8Jjxw +Treasury department may skirt legislature and declare investors can apply inflation to cost basis (ex, buy 100k of stock in 1980 and sell for 1M today, original purchase price would get adjusted to 300k, so now you pay capital gains on 700k, not 900k). + +While this would be awesome for people in this sub, Treasury Dept might not have authority to do so, and would probably get rolled back relatively quickly. It might even swing the pendulum to the other side and lead to increased capital gain tax rates. Also, if it is implemented, could lead to a big sell off as investors take advantage of what could easily be a limited time opportunity. + +What do you think? +I am tired of people defending Bill Gates and saying things like, "Microsoft uses open source development and accepts crypto" or "He is looking out for small investors by warning them against volatility". Microsoft is adopting these things because their attacks against them failed. Where was Bill when small investors were getting wrecked in the stock market or losing their pensions? Where was his love for open source when Microsoft attacked open source licenses? Let's take a look at the history of Bill Gates and Microsoft regarding open source and crypto: + + +* 1998 United States v. Microsoft was a set of civil actions filed against Microsoft Corporation by the United States Department of Justice and 20 U.S. states. The plaintiffs alleged that Microsoft abused monopoly power in its handling of operating system sales and web browser sales. Microsoft won their right to continue breaking the law. +* 1998 leaked internal Microsoft documents state the following "OSS [Open Source Software] poses a direct, short-term revenue and platform threat to Microsoft, particularly in server space. Additionally, the intrinsic parallelism and free idea exchange in OSS has benefits that are not replicable with our current licensing model and therefore present a long term developer mindshare threat." +* 2001 Microsoft's Steve Ballmer is quoted as saying "Linux is a cancer that attaches itself in an intellectual property sense to everything it touches" +* 2002, Microsoft applied for 1,411 patents. +* 2003, Microsoft began licensing its patents to other companies in exchange for either royalties or access to their patents (a "cross-licensing" deal). Microsoft's lawyers began calculating how many of its patents were being infringed by free and open-source software. +* 2004 Microsoft had more than doubled the number of patents, totaling 3,780. +* 2004 Microsoft recruits Bill Hilf to build an open source lab where he and his cohorts would build Linux systems and test them in tandem machines running Windows software. +* 2007 Licensing chief Horacio Gutierrez claimed the total number of patents allegedly violated by open source software was 235. Gutierrez is quoted as saying "This is not a case of some accidental, unknowing infringement. There is an overwhelming number of patents being infringed." +* 2007 Microsoft threatened to sue Linux based companies like Red Hat over patent violations. +* 2008 Bill Gates said open source creates a license "so that nobody can ever improve the software" +* 2008 Bill Gates outlined how open source development could work for Microsoft in a meeting with Sam Ramji (open source lead) and Ray Ozzie (lead developer). +* 2008 Microsoft realized they couldn’t destroy or "embrace and extend" Linux. Microsoft adopts Linux benefits in fear of being left behind. +* 2008 Microsoft purchases Powerset, one of the first companies to run a web service atop the open source project Hadoop. +* 2009 Microsoft prototyped an Amazon-like cloud service under Sam Ramji using nothing but open source software such as Zend, OpenNebula, Eucalyptus, OpenScale and Hadoop. +* 2009 Sam Ramji left Microsoft. +* 2009 Microsoft sued GPS navigation device maker TomTom, arguing that the company’s Linux-based products violated a patent related to how operating systems handle file storage. +* 2010 Microsoft releases open source project Azure +* 2011 or earlier, Microsoft began threatening lawsuits against Android device manufacturers until they signed licensing agreements. Microsoft has never defended these patents in court. Rather than risk an expensive court battle, Android manufacturers pay Microsoft for a license. +* 2011 Microsoft Windows announces ports for Node.js and Hadoop, both open source. +* 2011 Microsoft contributes code to the open source project Samba. +* 2012 Microsoft signed a patent deal with Amdocs covering its Linux use despite there never being any proof that Linux violates Microsoft's patents. +* 2014 Microsoft CEO Satya Nadella is quoted as saying "Microsoft loves Linux." +* 2014 Microsoft adds Bitcoin to payment methods on Microsoft Accounts. +* 2016 Microsoft releases open source .NET Core +* 2017 In competition with Bitcoin, The Bill & Melinda Gates Foundation released open-source software for creating payment platforms that will help unbanked people around the world access digital financial services. +* 2018 Bill Gates on Bitcoin “As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment. I agree I would short it if there was an easy way to do it” +* 2020 Bill & Melinda Gates Foundation asks Oxford to renege on their promise to open source a COVID-19 vaccine to drug makers. +* 2021 Bill Gates on Bitcoin “The way cryptocurrency works today allows for certain criminal activities. It’d be good to get rid of that” +* 2021 Bill Gates on Bitcoin “I don’t own bitcoin, I’m not short bitcoin, so I’ve taken a neutral view” +* 2021 Bill Gates on Bitcoin "Elon has tons of money and he’s very sophisticated, so I don’t worry that his bitcoin will sort of randomly go up or down. I do think people get bought into these manias who may not have as much money to spare. My general thought would be that if you have less money than Elon, you should probably watch out." + + +If I missed anything let me know and I'll add it to the list maybe. + +TL;DR +Bill Gates does not have your best interests in mind. + +EDIT: For everyone pointing to Bill Gates and his philanthropy, I could do another full post about how corrupt his foundations are. He is taking resource rights away from local businesses in third-world countries and disenfranchising family owned farms. This is all paving the way for large corps to control and sell the resources of a country instead of the local population (all under the guise of feeding the world). If it was appropriate for me to post a timeline of this as well, I would. But this ain't the sub for it. +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1607735079081762817) .@The_DTCC The US once lauded for its capital/equity markets, the best in the world for capital formation, now equity markets are a hive of scum and villainy. So much that only 10% of market is retail. Solution: move to T-instant. If we give #DTCC PFOF will you settle the trades? +Meaning outside of 401k or IRAs. + +I do not plan on day trading but im bullish in certain stocks and want to buy some (especially in this climate) to keep 1+ years but likely less than 10/20 years. It’s my understanding that Roth IRA, Traditional, and 401k are best for retirement. + +Please let me know what percentage of the 15% you’d use towards individual stocks for purchase. I’m in my late 20s so I’m ok with being aggressive. Thank you! +Hi! It seems that the health Queen Elizabeth II of the UK has worsened. It wouldn't be a big surprise if she died soon, as she is 96 now. I think she's one of the most known and important figure in the world (maybe just behind the president of the USA? And the Pope, perhaps?), so do you think that her eventual death would cause a shock in the market? If so, how? Any clear winners/losers from that scenario? + +I started in this world pretty recently and I'm trying to learn correlation of world events with the market, because I find it interesting, even if I don't act on it because I think it's better not to "time the market". At least certainly not for a noob like me. +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. +[bald baby getting beat down by the og baby.](https://i.redd.it/qrc7sxp192o41.gif) + +( another link to the .gif - [https://imgur.com/a/xdbm5kz](https://imgur.com/a/xdbm5kz) ) +Hi all, + +I wasn’t sure if this is the right place to post this but if anyone has any advise on this that would be great. + +Me and my sister are first time buyer and we’ve just made an offer on a property today on the outskirts of London. However, the estate agent is now saying that the offer won’t be taken up unless we use their mortgage advisor and solicitor. Alternatively, they’d only consider the offer if we raise the offer price considerably. I already have a mortgage advisor who is very responsive, have great reviews and have managed to find us a good deal. We also have solicitor and principal in agreement in place so there’s no reason why we would need to use their serves. We have all the proof that we’re in a great position to buy. + +I’m extremely surprised that this type of tactic is used. Is this even legal? Are there any regulating bodies that we can flag this and make complains? We absolutely love the house and it would be a shame to have to let this one go. We’ve been looking for over a year now and haven’t been able to secure anything as the property market is crazy!! However, I don’t want to be bullied into using their services. + +Any advise on how we can work our way around this? + +Thanks +[Let's keep the daily thread clean!](https://preview.redd.it/lsp714e263i91.png?width=489&format=png&auto=webp&s=c4aabe4d06e3e0755cf5fa1a9bbff5a6d781c2f6) +(Later Edit: I am sad to have to spell it out and say that this is a Tongue in Cheek way to make a point that government should keep their grubby hands off bitcoin. Most of you got it (I have faith in bitcoiner's!) but some didn't ... hence the spelling it out ;-) - Of course the app still would be pretty cool and some of you almost have it finished! Crowd source it then add a function that apparently tracks the dollars through shady campaign contributions and have it ready for the Tuesday Senate Hearing on virtual Currency! Show to the committee members when they ask if bitcoin can be used for bad things amd watch a few of em turn BLUE and quickly change the subject...) + +Original Post: + +I dedicate my rights to this app to the public for the public good. + +Hopefully anyone calling CSPAN or testifying or writing letters to the Tuesday senate or house finance or banking committee hearing will mention this. + +Gotta crack down on those criminals! + + +Go to it someone! It would be VERY interesting and fun! + +A great original extension of the WheresGeorge concept! +(maybe "has George been wiping someone's butt?") + +A side benefit of this would be it would drive more Wall Street money to bitcoin and they would never ever let anyone mess with it. LOL + +(serious note - as long as any user would program this and implement it in a way that truly displays such information rather than obfuscate it, I grant them a non exclusive intellectual property license to them free of charge for any rights I might possess to this invention (This is not egomania but to prevent usurption of this idea by a scumbag who might later try to stop this by attempting to patent it themselves -my public disclosure prevents any other person from filing a patent for this concept after this date under the new US "First to File" patent law public disclosure rule) date of invention 11/14/2013 ). + + +Just looking over a few Subreddits here like r/technology or even better twitter, you can very fastly see the mutual hatred for Crypto there. Posts about crypto usually get bombed with the most classic argument after its all a scam: "crypto is killing the environment due to mining". + +I mean it's right to some extent that crypto is using electricity that is unsustainable for mining. With that dancing the environment. But those people are onto some other stuff. Many thinking that all 5k cryptos use mining that is 100% unsustainable. + +So let's be clear very few cryptos nowadays use pow and even then the energy for mining is getting more and more sustainable. At least already more than their beloved banks. + +Seeing so many people uneducated about crypto but spreading hate shows how much growing room we still have left. +This coming for the brainiacs who bought MySpace for $500 Million and firesale'd it for $50 Million + +http://nypost.com/2014/02/15/welcome-to-21st-century-ponzi-scheme-bitcoin/ +Is it the correct conduct to set the `limit price` of a stop loss order below the `stop price` by the amount of the `slippage` as defined by the exchange for a specific product? Or do you place it lower for safety? +This isn't meant to be a challenge to those that do build their own systems. I just genuinely want to get in peoples heads and understand why they do what they do. + +I've spent a good amount of time building my own system, and I honestly think part of it was just me being scared to actually try to trade. Platforms like QuantConnect provide a ton of time and contributors. + +Is it security concerns? Just want to build your own? +Curious to hear peoples thoughts. +Assuming you had a trading algorithm for a derivative of your choice, doesn't matter what really. As long as you're nowhere near 0.1%+ of total volume in terms of your trades, is there any disadvantage from making it open source ? + +Presumably the more people use the strategy the better your results, even if you get no code contributions, since the more people use your algorithm the more the market moves in a direction that's favorable to it. + +I guess it might fail in various niches (e.g. a FFT algorithm doesn't work if multiple people are trying to whale the same large transactions before they happen), but overall it seems like it's a net benefit to open source the algorithm. + +Thought on this subject ? +Good morning/day/evening/night everyone. + +I'm over and over trying to backtest one strategy (mostly for learning purposes) and came to the point of optimization because on different parameters my strategy gives (guess it) different results. Discovered a thing called hyperparameter optimization (Bayes and others) but I wonder how not to come to a point of overfitting with it? + +Right now I've run a simple cycle for one parameter giving me at least some insight into it, here is the plot: + +https://preview.redd.it/wuv9nzg85uc71.png?width=1211&format=png&auto=webp&s=7f677d19bd0d0b834b19fa8eb69ae1a6860642f8 + +(X - period for parameter, Y - backtesting's period profit) + +&#x200B; + +But I'm wondering how not to fool myself with results after optimization where I will choose parameters that gave great results but will probably shit themselves in reality? +How do you link your algorithm to your trading account so the algorithm receives the input (prices, etc.) it needs to trigger buy/sell orders? And do you need special authority to allow the algo to enter orders without you or are you still placing them manually? +Having spent a year or so, trying different things, maybe not so systematic and eventually getting more systematic, I'm wondering for the veterans, have you been using the same strategy more or less throughout the years? + +How 'hot' is your pipeline of strategies to test or are your strategies born out of serendipity? +Hey guys, I had an idea to create a Generative adversarial neural network to predict trends or prices. + +The input could be price data with let's say a few days missing. The generator would generate a prediction of a trend or a price for the few missing days and then the discriminator would compare it to the real trend or prices. So you would end up with a model that could spot trends or predict prices. What are your thoughts on this? +I'm in high school right and now and thinking about what I plan to do in the future. I thought about this idea and wondering how feasible this is and if I'm missing something. + +Hopefully I'm making something between $60-$90k with my degree and I find a house I like ($100k-$300k whatever the price is) I can work for the next 5-10 years to pay off the house and then that's it. I can keep working that job and saving or if I want I only have to figure out the number I need to pay the taxes and utilities but I can work any job or any amount of hours as long as I hit that minimum amount needed. + + + +1. Make $60-90K +2. Find House ($100k - 300k) +3. 5-10 years pay off house +4. Keep working or quit job and find one with much less hours but enough to pay off what's needed to live. +5. Die happy. +The Google-Facebook online ad duopoly may be breaking up. According to a study published Tuesday by Appsumer, Apple is gaining momentum in digital ads, while Google and Facebook appear to be losing steam. The research, based on an analysis of the online ad budgets of over 100 different consumer app companies, found that Apple’s ad business has benefited from the company’s major iOS privacy update in 2021, which made it more difficult for companies like Facebook to track users across the Internet. Apple’s search ads let people advertise on the iPhone maker’s App Store. Advertiser adoption rate for the second quarter rose almost 4 percentage points from a year earlier to 94.8%, while Facebook adoption fell 3 percentage points to 82.8%, Appsumer said. Google’s rate declined 2 points to 94.8%. + +Apple has “joined the duopoly of Facebook and Google at the top table of advertiser adoption,” according to Appsumer, which is owned by InMobi. Shumel Lais, general manager at Appsumer, attributed Apple’s improved standing to an increase in the number of app developers willing to pay big money to bolster downloads. At the same time, Apple’s App Tracking Transparency (ATT) update has limited the amount of data ad-based apps like Facebook can use to help brands with their online ad campaigns. “One of the things that’s quite interesting is the ATT measurement limitations that are kind of put on the wider network doesn’t exist in the same way for Apple,” Lais said. “So you could say Apple has slightly more visibility or an advantage across the other channels on iOS.” + +Apple’s rise in online ads for developers mirrors Amazon’s position in e-commerce, as retailers spend more money to promote their products on the site they rely on for customers. In terms of overall app developer spend on online advertising, referred to as share of wallet, Google remains at the top, with 34%. Facebook is second at 28%, followed by Apple at 15%. Amazon wasn’t listed because it’s not a platform for developers. At the lower end of the market, TikTok overtook Snap, which has also been hammered by ATT. TikTok has 3% market share, and Snap is at 2%, Appsumer said. + +Source: https://www.cnbc.com/2022/09/06/apple-is-gaining-on-facebook-and-google-in-online-ads-after-ios-change.html +stock is down 14% today and almost 30% in a month. Disappointing Destiny 2 and COD black ops sales. Also, gamers disappointed with diablo immortal. Thoughts on ATVI? +If it’s a Green Day, headlines read “stocks rise as states reopen and hopes for a vaccine seem promising” or if it’s a red day headlines read “stocks fall as investors question tensions with China and rising cases in some states.” + + +Do the writers really get paid to Copy and paste one of two different headlines every morning? Can they stop pretending like the stock market has anything to do with what’s going on right now? Literally nothing has changed and a Green Day doesn’t mean everything is dandy in the world and a red day means the world is ending +There has been much discussion over the past couple weeks regarding how account numbers are assigned by Computershare. I recently made a post suggesting that [one way to investigate this](https://old.reddit.com/r/Superstonk/comments/q2yxsp/outsidethebox_thinking_to_figure_out_more_info_on/) would be to make multiple purchases of a different much less active security for which Computershare is also the transfer agent. By using another security that is not being inundated by purchase/transfer activity like GME, it would be very likely that we would be able to see if account numbers are being assigned sequentially or if there are gaps that provide evidence that confirm a checksum algorithm is being used for the last digit. + +Well, that post went nowhere. So I decided [fine, I'll do it myself](https://tenor.com/view/thanos-marvel-fine-ill-do-it-myself-gif-11912873). + +So here's what I did. On Thursday, 10/7, my wife and I purchased shares of a **NON-GME** security on Computershare. Shares were purchased under: 1) my name ; 2) spouse's name; 3) joint account. This should then generate three separate account numbers. Remember also that Computershare uses separate account numbers for each security. These purchases were queued and placed in rapid succession, with less than 30 seconds between each purchase. + +Yesterday, I received the three mailings with the account numbers. Below, I share the full, unredacted account numbers for these three purchases. What is redacted is my personal information and the information for which security was purchased. Remember, the account number is not a unique identifier in this situation, and actually given the low numbers in this situation, it is likely that each security managed by CS has accounts with these numbers. Thus I am comfortable sharing these specific numbers at this time to contribute to understanding this important piece of the puzzle. + +[Account 1](https://imgur.com/a/Lnv0myJ) + +[Account 2](https://imgur.com/a/9Ymgo2i) + +[Account 3](https://imgur.com/a/wcOKZpm) + + +**Conclusions:** + +I believe that a number of strong conclusions can be drawn just from these 3 data points: + +**1) Computershare does not assign a sequential 10 digit account number** + +If you work from the assumption that there are no check digits and that the account number is just a sequential 10 digit number, that would mean in this instance: + +a) only 204 accounts were registered for this security since they became the transfer agent + +b) then my first purchase occurred + +c) then in a span of <30 seconds, 7 more new accounts were created + +d) then my second purchase occurred + +e) then in a span of < 30 seconds 7 more new accounts were created + +f) then my third purchase occurred. +This is incredibly unlikely. + +**2) The six digit number that appears to the left of the Computershare header is some form of sequential transaction identifier** + +Note that increments by one on the subsequent two account statements. + +**3) A sequential nine-digit account number (zero-filled) is assigned and 10th digit is added as a check digit using the mod 11 algorithm likely with slight modificatiions** + +If a check digit is assumed to be present, not that the 9 digits to the left of the check digit increment sequentially. + +000000020 + +000000021 + +000000022 + +If you run the leftmost 9 digits of the 3 account numbers above through a [mod 11 check digit calculator](https://planetcalc.com/7744/), it correctly predicts **ALL 3** of the 10 digit account numbers. + +[Match 1](https://imgur.com/a/PcLY7EI) + +[Match 2](https://imgur.com/a/iVtAtJw) + +[Match 3](https://imgur.com/a/Kh7Kuu4) + +I know that there were some questions about how the check digit is assigned if the result applying the algorithm to the 9 digit account number is "10" or "11" . I myself had some questions about this, as I had run my own account number through a mod 11 algorithm and it didn't match. But that version of the algorithm said that a "10" result has an "X" check digit. Pretty clearly, Computershares is not using this check digit or we would have seen an example by now in the discussions of the check digit theory. I believe the current thought is that these values are truncated to "0" or "1" respectively. + +I know many of you don't want to hear that there are not 500,000+ GME accounts registered on Computershares and that the real number is likely 50,000+. Until last week, I had my doubts also, which you can see from my request questions in comments. So I decided to find out for myself. If this is not convincing to you, instead of shouting "FUD", you can perform this experiment for yourself. For me personally, I would rather work from a foundation based in fact and logic. These data are enough to convince me that the final digit in the account number is a check digit. + +I am going to be repeating this experiment also with ~ 10 more securities. That will yield an additional 30 account numbers and will erase beyond a shadow of a doubt one way or another regarding the check digit. + +I hope you find this post to be informative. + +**I am willing to provide whatever additional proof may be desired by mods upon request.** + +**** + +edit 1: 10/13/2021 8:30pm - I should add one kind ape hit me up in chat about 20 minutes after I had made these transactions (last Thursday) and wanted to participate. So if he/she is willing to share the account number (security redacted) we have a fourth data point as part of this analysis that I can share shortly. + +edit 2: 10/25/2021: follow-up post is [here](https://www.reddit.com/r/Superstonk/comments/qfn1sx/unequivocal_proof_of_the_mod_11_check_digit/) +Hey Apes,I am a freelance Software Engineer and check CL daily to see if anyone is looking for projects. I stumbled across a job post for SWEs (below) this morning, and then 5 more just like it. I immediately had a laugh, with my morning banana. + +>[https://newyork.craigslist.org/mnh/sof/d/new-york-software-engineer/7493155279.html](https://newyork.craigslist.org/mnh/sof/d/new-york-software-engineer/7493155279.html)Software Engineer (Citadel Securities Americas Services LLC – New York, NY); multiple positions available: Design and build software components that are foundational to research and trading activities. Enhance proprietary electronic trading systems and tools to support new products and algorithms. Utilize Machine Learning techniques to model important portfolio performance factors. Work on algorithmic trade scheduling, analyze trading performance data and back test new alpha models. Communicate and collaborate with the research and trading teams to design and deliver innovative and high quality solutions. Provide day-to-day support for applications and the underlying infrastructure.Requires a Bachelor’s degree (or foreign equivalent) in Computer Science, Engineering, or a related field. Education, training, or experience must include the following: object-oriented programming and design; end-to-end software development; C, C++, C#, Java, Python, or Perl; statistical analysis; R, Matlab, SAS, or S-Plus; data structures, algorithms, and computer architecture; and Machine Learning techniques.Please submit resumes to [citadelrecruitment@citadel.com](mailto:citadelrecruitment@citadel.com). Reference JobID: 6109669. + +(Insert: desktop/"You\_Dumb\_B\*tch\_meme.jpg ) + +What are these criminals up to? Are their current engineers leaving in droves? I'm sure we know why. + +If anyone has a better job description for them. I will update original post with your suggestions. + + +Also please **DO NOT** apply to the above email. If you are not seriously looking for a job you might FLOOD their inbox. The recruiter will NEVER be able to find a candidate to write programs to help Citadel manipulate the market. +I suppose I should wait for Milestone Monday, but I was making my quarterly updates to my net worth figures today and found out that I made it to $1 million dollars this past quarter. Woo Hoo! + + +I barely made it over the line, so I'm sure on the next market pull back, very possibly on Monday (another reason not to wait for Milestone Monday), I may be booted out of the club. I expect market fluctuations to push me over and under the $1M mark for awhile yet, but this is the first time I've crossed it. + + +About me, in case anyone's interested: mid 40s, male, IT professional (although I've never had a salary over $90K and that only recently), single, no kids, renter (so $1M won't carry me as far), and in a mid-range COL area, although spent many years in a relatively low COL area. + +Investing: In looking back at my records, I went from $0 net worth to $1M in about 18 years. Basically, maxed out my 401K early on, maxed out Roth IRA after I realized I could (should have done this sooner), and saved taxable as well. +I'm not a great investor in that I don't have a set, or even decent, asset allocation nor do I rebalance. I just dump all of my 401k into equity index funds, as well as most of the Roth. Only recently, the last couple of years have I invested much of the taxable funds. That last bit hurt my performance quite a bit I think. I just don't spend much. + + +To everyone: Keep it up, it can work. +I inherited this tenant who pays 780 a month for a 4 1/2 its an old lady (retired accountant now on welfare) and her 17-year-old daughter, their dog, and 2 cats. She has always been quite never really asked for anything. 2 years later, this year i got a complaint that she has left 6 garbage bags to rot on the communal front porch for a week. i get there maggots pouring out, i came prepared and bagged it up in contractor bags and washed the area with bleach. not sure if i could of finned her for this? + +&#x200B; + +i do a walk though, decent inside needs some fresh paint, some drywall to fix too. Back porch more garbage...yellow cat litter with shit on my brand new fiberglass balconies i changed the year prior. the back yard overgrown with weeds 2 ft high and dog shit everywhere. In the lease, it says she is responsible for her dog shit and maintenance of the backyard. had to rip out 6 contractor bags of weeds and dog shit, then pour round-up everywhere. + +&#x200B; + +Kicking out a tenant here is near impossible if they are paying is the problem. pretty much need to be 21 days late and not pay before the court date 3 months later. if she was evicted i could probably rent her place 800 a month, but i could also end up with a tenant who doesn't pay or is really demanding (this is a C area, with mediocre rent prices), and i finally have 3 rentals with people paying each month. if i do evict as shes on welfare i won't get anything suing her so i'll lose out on 3-month rent. + +&#x200B; + +the dog shit has been an issue from the beginning, she just lets her golden out and doesn't pick up (which is why i modified the lease), garbage is a first-time offense. + +what would you do? +The infrastructure bill past which will have a impact on many industries including real estate. + +Do you feel that the real estate market will continue to climb as new capital get introduced into the market? + +Which areas will benefit most from increased investment into public transportation, telecom services exc? + +What are some opportunities to look for in the near future to capitalize on this? +I recently had a Section 8 inspector come through one of my units prior to tenants moving in, and he found 5 outlets that were not grounded properly. I used a 12/2 wire to ground the outlets to the boxes, but they all still show as ungrounded, which makes me conclude they are not wired with metal conduit to the panel (house is quite old). My next solution was to use GFCI outlets, but I know the outlets will still show as open ground when using a tester, but will should be considered grounded in themselves. Has anyone passed an inspection using GFCI outlets instead of rewiring the entire circuit? These 5 outlets are on 3 separate circuits, so it would be quite costly and invasive. Or, could I replace the ungrounded 3 prong outlets with 2 prong outlets? Anyone know? +I recently had a Section 8 inspector come through one of my units prior to tenants moving in, and he found 5 outlets that were not grounded properly. I used a 12/2 wire to ground the outlets to the boxes, but they all still show as ungrounded, which makes me conclude they are not wired with metal conduit to the panel (house is quite old). My next solution was to use GFCI outlets, but I know the outlets will still show as open ground when using a tester, but will should be considered grounded in themselves. Has anyone passed an inspection using GFCI outlets instead of rewiring the entire circuit? These 5 outlets are on 3 separate circuits, so it would be quite costly and invasive. Or, could I replace the ungrounded 3 prong outlets with 2 prong outlets? Anyone know? +As everyone in this sub is very aware - Zillow has severely over paid for many many homes in various markets across the country which the must now unload. + +My question is how desperate are they going to be to offload these? Has anyone here bought a home from Zillow? Has anyone made any offers that were really low and how did Zillow respond? + +I'm really curious if this whole ordeal may result in some buyers/investors being able to scoop up some properties at a great discount or if Zillow is gonna be a "firm" negotiator when it comes to offloading these homes. +I am seeing a property for $70k with an 8% cap rate in a small town. Apparently, a post office in the building signed a lease for 5 more years. Is there any risk with this purchase? How possible would it be for the post office to decide not to renew the lease after 5 years? + +I am struggling to find the catch or why someone would sell a property like this. +I'm looking at buying my first owner occupied multifamily, and I'm not finding clear answers on this. If I am buying a property that has tenants already in place, can I use the future income from those tenants when qualifying for buying the property through FHA? +So long story short, my wife and I live in a condo owned by my parents. My parents want to sell it to us at purchase price ($137,000) vs value (~$200,000). My wife and I have been saving for a down payment for a home of our own in the $400,000 range to start a family. We have ~$45,000 saved up for the down payment. We are growing our savings by about $3500 a month. This is in Oregon where I'm thinking avg rent is $1300-1500. The mortgage and insurances for the condo would be $1000/1200. + +Try as I might I cannot get my brain around whether it is possible to buy the condo, rent it out once we move out, and SOMEHOW still purchase our family sized house sometime in the next year. + +Our initial plan was to burn down the mortgage with my wife's income (full mortgage gone in ~2 years) as much as possible then sell it to pay for our family house when we find that house. That would put our full savings into the mortgage and all possible future savings into paying off the loan. It would put us in a really good position with the family home but no rental property. + +I'm new to the idea of rentals and mortgages so I'm trying to figure out if I should try to keep the condo as a rental by only put 20% down on the condo mortgage and pay minimum payments to keep our liquid high. Then use that liquid to pay for the family home in a year's time (minus what I used for the down payment). Then I rent out the condo to pay for its mortgage. Hopefully the condo is profitable enough to pay off the mortgage and handle it's maintenance needs. + +What is the thinking on this? Am I risking too much for my first home by trying to also have my first rental at the same time? + +Any advice is very welcome! + + + +Edit: Thank you all so much! I feel so much more equipped to talk to my mortgage broker about this today. I have a few topics to research before then such as loan types, gift tax, and such. Thank you! +I've posted here a few times [before](https://reddit.com/r/povertyfinance/comments/c0548l/ive_screwed_everything_up_i_just_graduated_from/); and it's been helpful in that it allows me space to vent and freak out about my financial situation, and usually get some good advice and encouragement. + +I'm deep in student debt, with lots of credit card debt on top of that. I am currently studying for the bar exam, which I take in about two weeks (end of July)...I am at ends meet. I have been paying the minimums on my credit cards all summer, unable to get any personal loans to help because my credit score is shot. I'm not positive, but I think I'll have *just barely* enough to cover the minimums until September when my first paycheck will come in. + +That's the good news: I got a job! $60,000/year, which is way more than I was expecting (I thought I'd have to become a public defender, earning like $32,000/year in my state). However, I don't know how I'm going to make it till then with the credit card bills piling up and struggling to pay off the bar exam prep course (a $165/month bill)....and on top of that, living expenses, groceries, food, gas, etc.... + +It's all crushing me. It is so distracting from the bar exam studying I need to be doing. I cannot focus. I sit down to read and study and just...my mind wanders, I get jittery thinking about finances, about how I'm going to make it through the next few months. I can't focus on the practice exam questions I need to work on. It's freaking me out. The stress and worry and anxiety compounds: "*If I can’t focus, I won’t pass the bar exam. If I don’t pass, I won’t keep my job. If I don’t have my job, I literally don’t know how I’m going to survive*." + +This is the lowest point I've ever been at in my life. I don't know how to keep going forward. The bar exam is enough stress, but to add all this financial stress and anxiety on top of that? I just can't handle it. I am scared shitless that I'm going to fail because I can't think straight because I'm constantly worried about money. I don't know how to pay all my bills, let alone keep myself living and afloat. + +*God, if there is one, if there’s ever a time to give someone a miracle, please send me one. I promise I’ll do my best to be a better person and make the world a better place in the future. I’ve got a good job lined up, that I just need to pass the bar for. It’ll provide me the opportunity to get out of this mess and use my time, talents, and abilities to help others. I just need to get outta this slump. Just need to survive for a couple months.* + +Any advice/encouragement would be so helpful. I don't know how to keep going. +I have terminal cancer. (yes it's very sad, thank you for your sympathy, let's not focus on that part) + +I don't know what to do with my money and I'm not sure whether referring to the flowchart is going to be helpful given my unusual circumstances. The insanity of 2020 has meant financial stuff all got away from me and I've incurred a number of substantial and unexpected expenses. The dust is now settling and I am finally trying to sit down and have a think about the way forward. I will sum up the situation as concisely as I can: + +* I currently have £45k, £12k of which is in a maxed HTB ISA, the remainder of which is in low-interest savings accounts +* I make ~£40k/yr in a secure job, am still working full time, and intend to continue for as long as possible +* My expenses are zero (I live with my parents) +* I have no debts of any kind +* I do not own any property and have no meaningful assets bar this money +* I am projected to live for somewhere between (worst case) a couple of months to (_extremely_ optimistically) 5 years. The average lifespan of someone in my position I am told is 1-2 years +* My sole objective is to leave as much money as possible behind for my family + +I'm aware you can apply for certain benefits if you are terminally ill, but I understand that you do not get them unless your oncologist is confident you will die within 6 months, which mine isn't. I am thinking about buying a cheap house to realise the extra £3k from the HTB ISA but I don't know if that would be more trouble than it's worth and/or would end up losing me money anyway given the current housing market. + +Primarily I am trying to figure out what to do with the money I have that is just lying around not doing anything, and what to do with my monthly after-tax income of ~£2.5k. There has to be something more productive it can do than earn 0.7% AER in a Goldman Sachs Marcus. From consulting the flowchart, if I were healthy, it seems the recommendation would be S&S ISA + low cost global index trackers? Should I just do that on the understanding that the ownership of any investments I have can be transferred to my next of kin when I die? + +I would welcome any advice anyone has. + +edit: Everyone has said some variation of "spend the money on doing whatever will make you happy". This is a totally understandable sentiment :) I've had this talk with my family and really there isn't much left I both want to do and can do (COVID-19 + chemo means I basically cannot leave the house). Rest assured I will use some of the money to buy a Nintendo Switch or something, but the #1 thing that will make me happy is ensuring my family will be OK financially after I am gone. +Any time the market rising people flock to cryptocurrency looking for "*the next big win*" and are constantly asking others to tell them what the best opportunity is. + +Because in many countries the cryptocurrency market is not a regulated industry, it is one that is ripe with manipulation and scams. The mod team here at /r/cryptocurrency regularly has to ban professional manipulation groups (sometimes as large as 800 members) who have been paid to promote projects. + +Given this, it's important to be able to do your own research and so I've assembled this handy guide for you. + +**Some tools that might be useful:** + +* [CoinCheckUp.com](http://coincheckup.com) - this is my preferred research site as they have a lot more data, and more diverse data than other price monitoring sites. + +* [Coinmarketcap.com](http://coinmarketcap.com) - this is one of the oldest price tracking sites, and is more popular than CoinCheckUp, but has less data. + +* [Delta Portfolio Tracker](https://getdelta.io) - A popular cryptocurrency potfolio tracker. (Downloadable app not vetted by /r/cryptocurrency) + +* [Blockfolio](http://blockfolio.com) - A popular cryptocurrency potfolio tracker. (Downloadable app not vetted by /r/cryptocurrency) + +**Disclaimers:** + +* Crypto isn't an investment strategy. + +* Crypto is highly volatile and highly risky. Any money put into crypto could be lost in a crash. It could take years to recover. It could never recover. + +* The following information is not financial advice. + +* This is a guide on how to perform research, and is formed from an individual opinion. It's focus is helping you debunk *some* of the under qualified advice that others try to give in this space. It should not be considered complete or sufficient. You should never base any decisions on things you read online. Use your own best judgement. + +Here is my personal approach to researching coins: + +**Step 1 - Understanding your risk profile:** + +A lot of people advocate for users purchasing cryptocurrencies and tokens that are "low-cap" ($10M - $100M) because they have the most opportunity to grow. + +While this may be the case, the smaller a coin, and the earlier the project the more risk there is that the project can go to 0. + +In traditional stocks some people are happy to make a 3% - 4% annual return, but would be in financial hardship if they lost money, and will invest in larger, safer and more stable stocks. + +Other people, would only be satisfied with a return of 7% - 12% annual return. These people may also be willing to lose all of their investment. In their case they'd look at higher risk and turn around companies. + +We say these two people have different 'risk profiles.' + +It's important with any purchase (even something like a car) to decide what your financial risk profile is. + +My personal view is that just because something has the highest chance of return, doesn't mean that it is the best opportunity. + +**Step 2 - Identify New Coins:** + +There are three ways I generally discover 'new' coins: + +* 1) Bitcointalk.org forum posts in the altcoin and token announcement sections. + +* 2) Coins mentioned here on /r/cryptocurrency + +* 3) Coins newly listed on https://coincheckup.com/newly-added as coins tend to list on price trackers very early on. + +**Step 3 - How I rule out coins:** + +One of the first things I do when examining new projects is find really strict criteria to remove projects from the list. + +Everyone should come up with their own list of things that voids a coin from being on their list, but here are a few I personally use: + +* I don't buy coins in industries I don't understand. +* I don't buy coins in regulated industries. +* I don't buy coins that are inactive in communication on social media. +* I don't buy coins that are registered in countries where I can't validate that a corporate entity. +* I don't buy coins if I can't find their executives on LinkedIn and validate it is a real profile. +* I don't buy coins that spam low quality partnerships on channels like /r/cryptocurrency +* If a coin is building a brand new technology, I won't buy it unless there is a detailed technical paper explaining the new technology. +* If a coin had an pre-ICO with discount, I tend not to buy it. If I do, it would need to be a small ICO discount and significant time would have needed to pass so that early investors have likely already dumped on the market. +* I don't buy coins if I wouldn't use them as a customer. + +These criteria I use to quickly filter down my list before I do some more detailed analysis. + +**Step 4 - Doing detailed research:** + +First and foremost I **read the white paper** and then I ask myself the following questions: + +1. Would I use this as a customer? +2. Would I pay that price as a customer? +3. Does this project require a new technology to be built? +4. If I look at the team behind the project, do they have a previous track record? Have they run a successful company previously? What happened to that company? +5. Does this team have the ability to build this technology? Are their engineers published in this industry? Do they have product managers and customer support? +6. Is it clear how the project will get users/customers? +7. Why are they using the blockchain - does it add value here? What are the pros and cons to using the blockchain here and why would the blockchain improve the current alternative? (Remember, right now blockchains are slow and costly in most cases) +8. Watch out for absolutist claims. Every projects has downsides and cons, a real project will be realistic in outlining those. + +After that, if it is an already launched project I check out the coin's detail page on CoinCheckUp for example the Bitcoin page: [https://coincheckup.com/coins/bitcoin/charts](https://coincheckup.com/coins/bitcoin/charts) + +I then look at: + +1. Tab "Analysis" > "GitHub Development" to see if there is active engineering development on the project. + +2. Tab "Analysis" > "Coin facts & figures" if it is a company I check the information on the CEO/CTO as well as some info on the team. + +3. Tab "Markets" - I check where the coin is trading to see if any of my preferred exchanges are available yet. If it's on limited exchanges, I look for non-sketchy ones. I also may look to see if there is a large spread between currencies. + +4. Tab "Charts" - I check that the volume has a decent, growing and steady turnover. It's easy to get trapped at a bad price in a currency that has a low volume. + +Once I've gone through those pieces of information, I usually check out the subreddit of the project and ask myself questions like: + +* Are they constantly announcing partnerships etc? If so, what will those partnerships do for me? Are they legitimate? If they are frequent low quality posts, I assume they are just trying to pump the market and I'll avoid it. + +* Are the users hostile towards people who are critical of their project, or who are asking questions? If it is a brainwashed, angry, subreddit that can't have any questions, I usually try and avoid. + +* Does their team's marketing/communication people respond to posts in a genuine fashion or is there a lot of "marketing" language with no real answer? + +**Final Tips:** + +* Finding "the next big coin" is overrated. When you weigh up the risk the odds are better that a divrese set of coins would be better. + +**Share your research methods!** + +Everyone has different research methods, and things they look out for. Consider sharing yours in the thread below so that others, especially new users, can learn from your methods! +Decisions, decisions…. We all make decisions in life, from what we will wear in the morning, what we will eat today and who we will marry. It is wild that some of these decisions especially who we will marry may take months, or even years to decide…..and yet when it comes to YOLO on a stock/option with 10-20,000 or even a life savings that some of us will just pull the trigger without any DD. Yes, SPRT did go from under 10 Monday to 60 Friday, but how many of us are going to catch that at the right time? Everyone wants the next SPRT…. There does seem to be a short squeeze a play on BBIG, ATER, ROOT but be careful! I get asked this quite a lot especially this week after SPRT. There are people saying they want to bet big! + +I am not saying do not buy the stock/option I am saying maybe we should do some research or place small bets. I too, in this market are playing them more often, however I am using 1-2% of my account to trade them. It can turn your 10,000 into 50,000 in a week, but how will you feel if you have 5,000? I can name 10 grenades past 2 weeks that shot up to the moon and did a crash landing on earth. So please be careful in what we decide. + +I still trade a lot of defensive plays but I am mixing in some of these grenades… I am willing to take a loss on them if I must. I have 2 grenades PMCB, NAOV that I am down slightly on.. No options. + +Also, it is important not to convince ourselves that this is a fundamental move. Yes, their could be actual news, and usually actually news starts a rise, however this market is extreme, buyers/sellers pile on more than ever on good and bad news.. This doesn’t mean your stock now has the cure for covid, cancer, is going to win a huge contract. + +I would say to have an idea of the profit you have in mind 10-20% and take some off the table when you are up, because you don’t want to be a bag holder when the cure for cancer fails. + +Good luck everyone. +I have been living by a strict budget for the last few months, and I must say, it is very liberating. + +&#x200B; + +A little background: I am 28 and married with a 1 1/2 year old. My wife used to work, but now she stays home with the child, so she brings in no income. Almost 2 years ago, we moved from Seattle to a much lower cost of living area in Arizona. We sold our house in Seattle and made a ton of money on it and moved to Arizona to live near family and so that I could go to work for the family company. My salary roughly stayed the same, but my wife's went away completely. We rented a place from my parents for a while, but last Spring we bought a house and spent about 6 months renovating. We had a good chunk of money from selling our house and from a 401k loan, and we used that money as a down payment and for renovations. Our attitude was that it would be very difficult to do renovations while living in the house, so we wanted to get everything done before moving in. At the time, we weren't living on a budget, so we didn't have a good idea of what we were spending vs saving. The cost of living is much lower where we are now, but we had the baby which meant one more set of expenses. Also, my wife's body had changed some from the pregnancy and she was feeling bored from no longer having a job, so she was doing a lot of shopping, especially for clothing. By November, our money ran out completely. We even blew through our emergency fund. And we still had a little over $1000 owed to the contractor. We had more credit card debt than cash, and I had never in my life paid any interest on any of my credit cards. We got lucky over the next month that I'd get a paycheck right before one of the credit card payment was due. However, even though my wife and I tried to cut back, we still were spending more than I was making. + +&#x200B; + +Mid-December, I knew that a change was needed. I created a budget. I had tried it before, but it had been too difficult to predict everything for the month and it only ever lasted a couple of months. This time, I tried something different. I have all of my monthly, automatic expenses listed first. Those are predictable, so that was easy. In this category I even added things that happen less than once a month, but I divide by the number of months and use that number. For instance, I take my Prime membership fee and divide by 12, and put that number in each month. Then, I added categories that are more variable but I have to spend money on every month. To this I added groceries and utilities. For these, instead of putting a "limit", I tried to predict what it was likely to be. Then, I added a line for what I want to save/invest every month. It would go towards my emergency fund first until that was full, then go towards paying off the 401k loan, and then towards other investing. Last, I took what was left and set that aside for what my wife and I call "discretionary". True discretionary spending is part of that. That includes eating at restaurants, buying alcohol, buying decorations or clothing, etc. It also includes more irregular spending that isn't a consistent amount and doesn't happen in consistent intervals, such as Dr. visits. I track my budget using spreadsheets, and tally up my spending using Mint.com. + +&#x200B; + +We've only been doing this for a few months now, but I feel so much more free now than when I wasn't on a budget. We bought a couch and a Peloton using interest free financing. The money to pay those bills comes out of discretionary, which forces us to spend a little less on other things. Without a budget, I would have said "Hell no!" to both. My wife and I can confidently buy things that we really want or need without feeling like we're spending too much. Many people think of a budget and think that it will make them feel restricted. However, I find that it's the exact opposite. We stop and think about things before making purchases now, and decide whether it's really worth it. We eat out a whole lot less, because we were able to see how much that was setting us back. However, when we do decide to spend our money, we do it confidently and without any guilt. It really is great, and I don't ever plan on stopping. + +&#x200B; + +TLDR: Due to major life changes, my wife and I completely ran out of money. I started budgeting, and now we feel so much more free than before. +I’m a real estate broker based out of Beverly Hills and work throughout LA. We got an asking price offer on a clients house that was all in Bitcoin. We are considering negotiating but I figured, as a longtime investor in BTC, I’d love to get some reddit feeback! + +Thoughts? +If you had $6,700 in an index fund in June and it was worth $7,000 by the end of the year then that's a pretty good return, even after adjusting for inflation. That's the benchmark. + +To put it another way, assuming 7% compounding annual returns it would take about 15 years for $6,700 to grow into $18,500. If it takes a literal decade for bitcoin to recover from this crash, that's actually an amazingly good return. +I’m 37 years old, realizing that the lack of money has been the focus in my life for so long that I barely know what to care about now that I’m financially secure.  + +Money was never widely available, and my mom used to push and support a culture of avoidance. I remember bills piling up on the glass dining room table. I remember going to the bank with my mom to withdraw money and finding out all the funds had been garnished by debtors. She often couldn’t cash checks at the bank, because she was carrying a negative balance.  + +She would splurge on unnecessary things when money did randomly show up, things like new appliances or new couches or wallpaper or fancy shoes and clothes for herself, and otherwise we ate bread, cheese, and barbecue-sauce sandwiches, or big pots of beans, cheese, and onions. Meanwhile my sister bought my school supplies. + +I’m an inheritor of all this, and I had no idea. I took a long time to understand money. I was poor when I first moved out, and never had the habits to be otherwise. I remember sharing a condo with my roommates and consistently being late to paying my share of the rent -- like, every month. My buddy carried us for years, carried me -- buying me things, fronting the cost of X or Y, and making sure the rent was paid. I was always behind and that just felt normal.  + +When I lived on my own, I continued to struggle with money, in large part because I struggled to make myself go to work. I was hiding from a job I hated and late with my rent every month, and ended up defaulting on my rent another month. I didn’t communicate with my landlord -- I just didn’t pay the rent -- and eventually I found an eviction notice from the Sheriff’s Office on my door. I resolved it in a panic, and that just felt normal. + +I was poor poor poor across the board. When I would get paid, I used to save $5 back in cash because I was always out of gas at the same time I was out of money, and I had to get to work. I remember buying bean burritos at Taco Bell -- roughly $3.50 worth -- in my last scrounged quarters. I would write checks for cash at Walmart that I knew would bounce, and that just felt normal. + +And so it took me a long time to figure out how to work, how to grind, how to make money happen. But I did figure it out. I did learn how to show up and kick ass every day. Somewhere I figured out how to show up in every way at work, where the right effort met the right opportunity. And now I have money.  + +And having money has confused the hell out of me, and left me feeling somewhat empty. The relief from money stress is significant -- it’s HUGE. But nothing has replaced that space, that fear and focus. + +There’s a gap in my brain where I used to be able to just milk that money-worry for all it was worth. It was constant, it was hugely important, and a totally reliable source of worry. It defined who I was. So without it, it’s like walking out of a building and finding a vast plain where it used to just be a tiny room of which I knew every crack. It’s freedom, and it’s terrifying. Now I have to define my life. Now I have to figure out who I am. I never had to compare myself to anyone with money, because I never had any. But now I do, and I compare, and I feel inadequate. + +And there is always more I could be doing. But I'm doing a lot, to my mind. I contribute 16% to my 401K. I’ve accrued an emergency reserve, the most cash I’ve ever saved. My credit is better than it’s ever been. I have more cash flow than I’ve ever had. I carry reasonable debt. + +But I think back to barely surviving and it feels so simple. There was only one goal: make it to the next paycheck. If I want something, can I afford it? The answer is almost always no. Now, as perverse as it is to complain about, I have to choose and I have to figure out options and I have to look at everything I could do and figure out the best move; which would have been my DREAM years ago, and IS pretty great, but at the same time exhausting. There’s no problem when you only have one problem, but it’s tons of different problems when so much more is possible. + +And you could say that I’ve traded my fear of being broke for a fear of losing my job, almost a lateral move. But it’s an abstract fear, a worst-case fear, which is different than the immediate, clarifying terror of a negative balance. + +Ultimately, I will always trade ‘having-money’ problems for ‘no-money’ problems, but the effect of having enough money ISN’T that it just makes the worry go away and the rest takes care of itself. Now I have to actually figure out who I am, which means slowly wading forward by myself through the dense fog of life, defining and determining my identity every day, overcoming my insecurities, wondering if I’m inadequate to the task of life, and always feeling like I could be doing more or might be making the wrong decision. + +I guess I worried about that less when I only worried about surviving. +I know everyone advises against timing the (stock) market. What about the housing market? + +I've been looking for a house the last few months. 2 years ago I could have bought a nice house in my area; these days I can't afford a "nice" house anymore. Reading about it on Reddit, the most popular opinion is we're heading for a market crash. 2nd popular opinion is that inventory is so low that prices will go up another 10-20% this year. Least popular opinion is prices will just stop going up but not go down. + +Does it ever make sense to try and time the housing market? Like if I want to buy now but can wait a year, should I ever consider waiting? +[http://www.bbc.com/capital/story/20181114-the-man-who-leases-out-his-life](http://www.bbc.com/capital/story/20181114-the-man-who-leases-out-his-life) + +Just a short video featuring a 25 year old aiming to be fire by the time he's 28. Totally neutral piece - there's no interviewer or reporter - the camera just follows him around his house and he explains how he's making passive income from his home, and he briefly mentions avoiding lifestyle creep. The accompanying written article is only several sentences long and is similarly neutral. +Seriously. Over the past months I've been making a list. + +Target guy: You were nice to me. You get money. + +Cheesecake factory guy: You were nice to me. You get money. + +Walgreens girls 1 & 2: you both made me smile. You get money. + +Target girl: you were funny as hell, and super sweet. You get money + +Dunkin Donuts people 1, 2 and 3: you guys seriously have amazing souls. You get money. + +Ex boyfriend: you believed in my dumbass when everyone else laughed in my face. You get money. + +My only stipulation will be no pictures, don't post my name, seriously, just walking away knowing I changed your life is good enough for me. I'm a karma whore, so if you HAVE to, you can say /youdontsharewelldog gave it to you. That way you guys can see I actually followed through 👍🏻 + +Alright, see you apes on the moon 🦍 +Please limit discussions on the 10/7/2022 Employment Situation release to this thread. + +The US Employment Situation is released on a monthly basis by the US Bureau of Labor Statistics. This release may cause volatility in the capital markets and is often a watched indicator. + +More information about the release here - [Overview of BLS Statistics on Employment : U.S. Bureau of Labor Statistics](https://www.bls.gov/bls/employment.htm) + +The US Employment Situation for the previous month can be found here - [Employment Situation Summary - 2022 Results (bls.gov)](https://www.bls.gov/news.release/empsit.nr0.htm) + +The PDF report can be found here - [The Employment Situation - (bls.gov)](https://www.bls.gov/news.release/pdf/empsit.pdf) + +All supplemental files can be found here - [Employment Situation (bls.gov)](https://www.bls.gov/web/empsit.supp.toc.htm) +https://markets.businessinsider.com/amp/news/trump-calls-tesla-ceo-elon-musk-genius-strange-praise-davos-2020-1-1028835512 + + +President Donald Trump showered Tesla CEO Elon Musk with strange and confusing praise during a CNBC interview on Wednesday at the World Economic Forum in Davos, Switzerland. + +"I was worried about him, because he's one of our great geniuses, and we have to protect our genius," Trump said. + +"We have to protect Thomas Edison and we have to protect all of these people that came up with originally the light bulb and the wheel and all of these things." + +"He does good at rockets, too, by the way," Trump said. "I never saw where the engines come down with no wings, no anything, and they're landing." + +Tldr: +Tsla goes to 575 from 540 after trump calls elon musk thomas edison. Tesla to 69420 confirmed. +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 +Must not be a fork, meme, food, or has finance in it's name. Something that has potential 100x in this bullmarket and real usecase. Preferably listed on a cex and has not already gone 10-20x. + +Comment your picks below. +Think about your day. Think about your colleagues, classmates, the strangers you pass by. The odds that if you talk to them about GameStop, they will have 💎👐, is very high. + +How do we know this? Because people all over are experiencing this. GameStop is the most traded investment in most of the world. It comes up in dating, work, religious events, families, and that's just based on popular posts from today. + +Retail owns the float, and far beyond it. The goal of shills is to isolate, intimidate, manipulate, until you feel alone, scared, and confused. Remember the golden trio: + +Buy, hodl, vote. + +The 99% far outweighs the 1%. They're afraid of you, because for once in a long time, the public is speaking their language. All they understand is money, and we've got 'em by their balls. + +Edit: I wanted to add this for the people saying "I've only met 1 other person". How many people did you talk to about GameStop? Assuming everyone told you the truth (quiet investors, I support your anonymity), and you have 100 people that you talk to every day about GameStop (that's a lot of people), that's 1/100. 1/100 of the population of Earth is about 80 million people. If every single person only holds 1 share each, then there is no doubt about it. Retail owns the float. +Any youtube videos or sites you would recommend to understand after-hours trading and gap ups? + +Are these huge gap ups and downs normal for trading or is this an abnormal period? + +I've been learning a lot about trading but one thing that isn't quite sinking in is how to read the after-hours trading and use that to determine what will happen during the day. It seems that most highly traded stocks will either shoot way up or way down when the day opens because of the gap up/down and then slowly make their way back closer towards the previous day's close. I've been watching some day traders live on youtube and it seems like they make the most of their money riding that initial 15-30 minutes when the market opens. Are they actually reading the premarket or are they just jumping in the momentum stocks for the week? + i feel like a baseball player in a slump, even when i can see the pattern, i fail to capitalize. how do you move past this? + +https://preview.redd.it/uv75coi0aaz81.png?width=847&format=png&auto=webp&s=3b5e7837e180754b91635fe0ce3b270a09e8a190 +A friend just forwarded this to text to me (and by the looks of it seems it's in active circulation): + +>Implications of buying versus renting a flat + +>Assume there is a 2 BHK Flat for sale at G.Nagar (in Pune - for that matter you can assume your locality). Considering the cost of the flat between 60L to 80L. Assuming 70 L as a total cost of the flat. After US housing loan fall, no bank will give you more than 85% of total cost amount which doesn't even include local taxes from certain banks. Assuming you have taken a loan for 20 years. Here is the calculation. + +>Base payment 15 % = 10.5L (this will rip you off with all your previous savings) +Loan amount = 59.5 L +EMI per month Rs.59,000 per month + + +>Maintenance charges approx 24K Rs per year = 2000 Rs per month +Average property Tax per month = 1000-1500 Rs per month + +>- Tax benefit is discount on the Interest amount = 50K per year = 4K per month + +>That also for first few years as most of the EMI goes in interest. + +>- 1 Lac in base amount is any way settled for PF, 80CC and LIC contribution + +>- Total EMI comes to approx Rs 65,000 per month for next 20 years. + +>(Society maintenance, water taxes and corporation tax will increase with inflation). + +>After paying this much money per month. + +>You have to say no to your family for shopping (even after a CTC of 12 Lacs)No holiday trips, no gifts to parents, skip friend's marriage, no new Car for initial few years and lot of cost cutting measures. If you get fired from the company, you are doomed. or what If recession hits. Days are not far for such crisis to hit the market. China market and Greece are examples of it. + +>Hence, total cost of ownership for 20 years = 65,000 X 20 X 12 months + 10.5 L = 1, 66, 50,000 (approx 1.67 crore) + + + +>What have you got: + +>"Home for 20 years", and after 20 years you will have a 20 years old flat in 20 years old society (dirty and filthy ) + + + +>- After 20 years if the cost of your 2 BHK home is say 2 Cr by market value ( I doubt because it will be very old flat in the middle of crowded city). You make nothing out of it. + +>- Secondly, even if it values so. I doubt how many buyers will be interested in a property ageing 20 years for 2 crores. + +>- We are predicting 20yrs hence. Wasting / suffering our today for future. That too a long term future, we have never seen. + +>-With the rising suicide rate world-wide, who knows something unfortunate happens at our floor and you will end up selling it at a lower price. + +>-With the heavy infrastructure development in Pune and Pune dependency on few lakes for water, I am certain of water shortage in coming years. + +>- Lastly, for Indian's at least buying a house is a emotional decision. What I mean is, even if the house is worth 5 crores tomorrow. House owner will never ever think of selling to book a profit of it to enjoy his life. It's worst that we just boast of investments and businesses but are emotional at heart. Even our share market BSE, NSE run on emotional atyachaar. + +>Let's talk about rented flat + +>If you take the same flat on rent or say next door flat, at present rent for 2 BHK is Rs 14,000 all other things including. + +>- Assuming rent increase at 10% (very unlikely it will be less). Year on year you will pay rent approximately 1.44L, 1.58 L, or 1.74 L , at 20th year you will be paying 1.44 X 1.1^(20-1)= 8.8L + +>Total rent you will pay = 1.44((1-(1.1)^20)/(1-(1.1)) = 82L + +>Benefits +>So what should I do? + +>Now if you are smart enough you will put some money in equity or ULIP/SIP Because you are paying only 14, 000 rent and not 60,000 EMI. +Assuming you put 25000 Rs in investment for 20 years at an annual return of 15 % or 1.2% a month (buy plot in tier 2 cities, Mutual fund, SIP, Bank FD, PPF) you can reduce the investment amount as your rent increase. Still by our personal calculations, You can make anything between 3-5 Cr after 20 years 😉 depending on your Smartness. + +>Then you can purchase the above flat as second home for your kids and spent some money on cleaning it up :) + +>Moreover, after 20 years you will be sure enough where you want to settle down and hence making an investment after 20 years sounds more wiser than investing now in flat. This is the time to enjoy your life to the fullest, doing mistake, learning from it, going on an adventurous trip, checking out bucket list and list goes on and these all will be possible only if you're not under a heavy loans. I agree that your salary will also increase which you may use a counter to this article but by the time it will increase enough that you can do anything, you would have reached an age of 40 and you won't feel like enjoying anymore at 40 (exceptions exist) + +>Decision is yours and life you get once So, Make a wise decision. +Compiled & Issued in public interest. +This fwd is not for those folks who had already earned for the next three generations..and believes that they wil have to save for their kids kids who are not capabale of making up their own life... + + + +The calculations presented here look pretty legit, but that might be because I'm just a normal Joe with minimal knowledge about investments. Are there any possible counter-arguments to this? Any fallacy? (You can assume this is a CMV) +In [this post](https://www.reddit.com/r/IndiaInvestments/comments/k6pved/nps_gets_more_confusing_the_more_i_read_about_it/) I discussed how confusing NPS is, to the layman. Data scattered all around, [official websites clunky and uniformative](http://www.npstrust.org.in/)...... it's a mess. This is my own preliminary research into this, thought I would share. + +NPS resembles a lasagna more than anything else, or a lego set, with interchangeable parts like fund managers (7 as of now- ABSL, ICICI, Kotak, HDFC, LIC, SBI, UTI) and annuity providers ( [9 as of now](https://npscra.nsdl.co.in/annuity-service-provider.php), haven't completed research on them yet). You can change the fund manger biannually, and the equity manager annually, if you so choose. + +You can also choose either NSDL or KFin as your *CRA*, who probably do very CRA things in the most CRA manner possible. + +You can also choose a POP, who seem to do nothing more than your insurance agent does- next to nothing. Maybe give a shiny app portal to manage stuff, re:ETMoney, but you have to pay an extra 200 bucks upfront and 0.15% extra (0.25% over 0.1% for eNPS without a POP) for that particular privilege. + +That leaves us a couple of choices + +1. Choosing a POP- Nyeh. Why tf will you choose to give a share of your money for essentially no service? Maybe ETMoney of you really like their interface etc? I wouldn't, so that's that. + +2. Choose a CRA. Now here's where the real fun starts. Both NSDL and KFin Technologies can be our CRA. I don't see any particular difference in service they provide us, in fact I don't see any obvious service they provide us. But NSDL is more expensive ([ABSL](https://pensionfund.adityabirlacapital.com/nps/nps-charges) is the only place I could find the charges laid out in a consolidated manner for CRAs), so I guess KFin is the way to go? I'd love to hear the opinion of others here. + +3. Choosing a fund manager:- Charges seem to be identical for all. Both [ETMoney](https://www.etmoney.com/nps/best-pension-fund-manager?amount=60000&ac1=74&ac2=10&ac3=11&ac4=5&pfid=4) and [Value Research](https://www.valueresearchonline.com/nps/performance/) provide good chart of the returns. I would point to Value Research for their extensive tabulation of returns, in fact. On one hand, HDFC seems to consistently provide better returns over all others, with ICICI trailing a close second. On the other hand, HDFC's AUM is more than the total of all the rest *apart from SBI*, which brings a question- is their AUM too large, and may returns fall? I'd appreciate the reader's opinion on this. ICICI seems to be a good alternative, and the PSUs continue to lag, as is their birthright. ABSL has a puny AUM, 10% of the next smallest one, and the lowest returns across the board. They're also the newest. Can we expect them to improve over the coming years? Maybe, maybe not. I don't think it's wise to use them as our AMC though. Maybe once they improve? + +4. Annuity- At least 40% of our investment has to be allocated to annuity, via a provider. I am unfamiliar with annuities as a whole, so I will have to research more on that. Opinion of fellow redditors on this will be appreciated. I am sharing a link to [NSDL's](https://cra-nsdl.com/CRAOnline/aspQuote.html) calculator here, and will try and research more on this, and update it accordingly. + +Please share your feedback and critique in the comments. I'm quite new to all this, so any feedback will be appreciated. And as always, I'm just another guy on the internet, so please do your due diligence before putting your hard earned money anywhere. + +PS:- most of my research was focused on NPS tier 1 investments, but from what I am gathering, it doesn't matter either way. NPS tier 2 gives essentially identical returns without any of the tax benefits, or the lock in problems. So most of what I said for tier 1 holds for tier 2 too, imo. + +Update 1:- Anyone wishing to use their IPPB account for NPS, will be disappointed. IPPB doesn't support NPS natively. + +Update 2 :- quoting u/ashishtiwari92 +> There are 11 (not 9) Annuity Service Provider. List on NSDL is not updated. +> +>1. Bajaj Allianz Life Insurance Co. Ltd +>2. Canara HSBC OBC Life Co. Ltd +>3. HDFC Life Insurance Co. Ltd +>4. ICICI Prudential Life Insurance Co. Ltd +>5. IndiaFirst Life Insurance Co. Ltd +>6. Kotak Mahindra Life Insurance Co. Ltd +>7. Life Insurance Corporation of India +>8. Max Life Insurance Co. Ltd +>9. SBI Life Insurance Co. Ltd +>10. Star Union Dai-ichi Life Insurance Co. Ltd +>11. TATA AIA Insurance Co. Ltd +> +>There are multiple options to get the annuity +> +>1. *Annuity for life* - As long as the account holder is alive. Nothing will be returned to nominee +>2. *Annuity for life with return of purchase price on death* - As the name suggest, upon death of annuity holder, something will be returned to nominee +>3. Annuity payable for life with 100% annuity payable to spouse on death of annuitant +>4. Annuity for life with a provision for 100% of the annuity payable to the spouse of the annuitant for life on death of the annuitant, with return of purchase price on the death of last survivor +>5. Annuity payments would be made to the annuitant and his/ her spouse throughout their lifetime. Thereafter, these payouts would be made to the subscriber's mother and after her, to the father. On death of the father, the purchase price would be refunded to the annuitant's child/ nominee. +> +>3, 4 and 5 are self explanatory +Actively managed MFs consistently beat the index in India while I read that it is not the case in developed markets like the US. The reason I see mentioned is that the indices in India are not composed well. + +What do they get wrong and why haven't they been fixed or better indices created in decades? +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! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. + +Lots of times investors only look at specific funds and compare against peer and benchmarks before deciding where to invest. Most will just invest in whatever fund has made good money in the last year, some look for a star manager and only a few will actually try to look at the returns of past 5 years or more before making a decision. + +Yet, a lot of old timers here seem to have specific preferred fund houses over actual funds or managers. For example, I have read people say they prefer Franklin because of investment style. Other here recommend PPFAS, Franklin or Quantum for getting advice (and no others). Even though PPFAS fund has only been in existence since 2013 (and their star founder is dead). Quantum is also a very niche fund house and certainly not a top returns. + +People are also slightly mistrustful of ICICI, HDFC and other big names. Basically, when I hear that ICICI stewardship is questionable, L&T has not managed Fidelity funds well (though returns are pretty good!) or that Franklin is more trustworthy, I want to know why? Why do you think so? + +I fully realise that this is your opinion and I do not mean to question anyone. I am just curious about what the more experienced investors here value. + +I am investing in PPFAS because 1. International exposure. 2. Skin in game and in Quantum because I feel we may be headed towards a crash and they are large cap who I feel will not fall as much, their performance in 2008 was OK. Beyond that I am not really in a position to judge anyone's style, management etc. +[Live Mint Article](https://www.livemint.com/mutual-fund/mf-news/sebi-introduces-flexicap-category-in-mutual-funds-11604665877031.html) + +The Ken wrote very well. Mutual funds are subject to Market Regulator risks. + +I don't see the point on going back and forth with this category changes. +Lots of times investors only look at specific funds and compare against peer and benchmarks before deciding where to invest. Most will just invest in whatever fund has made good money in the last year, some look for a star manager and only a few will actually try to look at the returns of past 5 years or more before making a decision. + +Yet, a lot of old timers here seem to have specific preferred fund houses over actual funds or managers. For example, I have read people say they prefer Franklin because of investment style. Other here recommend PPFAS, Franklin or Quantum for getting advice (and no others). Even though PPFAS fund has only been in existence since 2013 (and their star founder is dead). Quantum is also a very niche fund house and certainly not a top returns. + +People are also slightly mistrustful of ICICI, HDFC and other big names. Basically, when I hear that ICICI stewardship is questionable, L&T has not managed Fidelity funds well (though returns are pretty good!) or that Franklin is more trustworthy, I want to know why? Why do you think so? + +I fully realise that this is your opinion and I do not mean to question anyone. I am just curious about what the more experienced investors here value. + +I am investing in PPFAS because 1. International exposure. 2. Skin in game and in Quantum because I feel we may be headed towards a crash and they are large cap who I feel will not fall as much, their performance in 2008 was OK. Beyond that I am not really in a position to judge anyone's style, management etc. +Hi, + +I'm looking for some good low index funds in India like vanguard index funds. Primarily to balance the risk in my portfolio by investing in an index fund with modest returns over long term. + +Thanks! +yesterday the nasdaq100 raised by 1.7%(https://markets.businessinsider.com/index/nasdaq_100), but the fund decreased by -1.4% (https://www.moneycontrol.com/mutual-funds/nav/motilal-oswal-nasdaq-100-fund-of-fund-direct-plan/MMO048). can someone please explain what is happening? +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +I've always read here regularly, that debt funds are great to park your money for tax benefits, which are better only for long term gains. But, aren't they better for short term too, since you are paying the same tax as bank interest, but have better returns? + +Alternatively, what medium do you use to park money that you are going to use in the short term? + +EDIT: I'm in 30% tax slab. +As you guys might be aware, investing in MF through SIP is the preferred way of investment instead of the Lump Sum route. But the same situation might not be valid for everyone, for example those folks who are not salaried or who run a seasonal business. In which cases they might not have a guaranteed source of income every month for their investments. +Can those people invest lump sum as and when they have the money. Like for example they zeroed in on a Mutual Fund which they like, so instead of going through the SIP route they could invest Rs 5000 (Minimum Lump Sum for every mutual fund) today. And maybe after two or three months they find themselves in excess of Rs.5000 which they could again invest as a lump sum in their preferred mutual fund. What I mean to say is that while they can't be certain of a guaranteed source of income, they can try to invest as and when they have cash laying around. More like a savings account in a bank per say. + + +While they can totally lose the cost averaging thing, they can surely sleep peacefully knowing that they are in control of the money and can invest it as and when it is required. Is this a viable option to go through or if not could you point out the disadvantages of this approach ? +The [https://taylorpearson.me/thedragon/](https://taylorpearson.me/thedragon/) article debunks some myths are around asset allocation stating that both debt and equities are actually dependent on growth so allocation with in two assets is actually not providing enough safety in slow growth environment. The suggestions are hard to implement for retail investors. I would really appreciate if people can throw some light on how retail investors if at all can follow asset allocation mentioned in article +The markets handed a tough lesson this week to many options traders. Some may never return, most will be licking their wounds for weeks or months, and a very few will take this as an opportunity to trade the carnage. The lesson to learn is not about your trading strategy or indicators, but risk management. + +I have worked as a market strategist for the past 15 years alongside a few thousand retail and institutional investors in foreign currency, futures, equities and options. A common experience amongst self-directed investors is a repetitive string of small winners, followed by a few big losses that wipe out weeks or months of gains. This is because the common theme with successful traders isn’t their strategy or which indicators they use, but rather their process for risk management. + +There is no shortage of empirical evidence and studies, examining how humans skew our view on risk and reward. Research shows that accepting a loss is viewed to be twice as painful compared to the same amount of gain. This leads to the behavior of hanging onto losers far too long and closing winners far too soon.  + +The reality of investing is that there will be losing trades and one must first accept this as a fact. In my experience, it is the pursuit of preventing small losses that ironically triggers some of the largest losses. We may have all experienced having a small loss, adding to the position with the hope of getting back to breakeven, only to have the position decline even further into a larger loss. Unfortunately, some investors will compound this habit, resulting in a total account blowup or loss. This begs the question; how do we trick our brain into turning this around? + +To help with this quirk of human nature, professionals turn to a rules-based approach. First, there needs to be a decoupling of the concept of winning trades from being profitable. While the two are correlated they are not bound together. Most investors that struggle, make the incorrect assumption, that if they just win more often, they will be profitable. However, evidence shows that it is far more likely that a few big losses are typically what pushes accounts into the negative. To this point, the primary focus of investors is not to prevent losses in the first place, but only to prevent large losses. This can be achieved through discipline with the help of trading tools such as stop loss orders, option strategies with limited risk, and never risking more than 2% of your account per trade. Moreover, it is best to never add risk to a losing position. + +Trading is an infinite game, not a finite game, yet 95% of traders still try to "win" every trade. There is no such thing as winning in trading, when you focus on the wrong goal, that's when you spin your wheels and get nowhere. If you don't understand this, do a quick google search on "finite vs. infinite game". + +Take this lesson into next week, if you're in a losing position on Friday's close and "hoping" to get yourself back to breakeven next week, think twice if it's worth blowing up the rest of your account for it. Or do you take a loss and regroup? +Hello Reddit community, + +I'm a fellow Redditor from Italy and I'm really in deep need of help. Me and my wife traveled to the US last year. During our trip we had to go to the ER in a hospital there (in Las Vegas). Our visit at the ER lasted about 1 hours, at most 1.5 hours. It was nothing really serious (a mild genital infection), they checked us, prescribed the drugs and released us. + +We made a travel insurance before the trip of course (which covered health and hospital expenses among other things), the lady at the hospital before letting us go asked our insurance papers/contracts and made copies. + +Then, months after our trip to the US, bills started coming in. The insurance we bought works this way: you pay the bills first and then the insurance refunds you what you paid. Our insurance covered unlimited expenses if we had to be recovered for more than a day at the hospital and covered about €1300 each (€2600 total) for ER expenses (our case, unfortunately). + +So we first received bills, from a certain SHADOW EMERG PHYSICIANS PLLC, for about $1000 each; we were expecting to receive some bills to pay but not that high for about one hour at the ER! Anyway, our insurance covered us for €1300 each so it was enough, we paid (wasn't easy since we're not rich at all) and got refunded. + +After some months again we received more bills, this time form a credit agency here in our Europe (Global Credit Solutions AG, on behalf of the US hospital we went to): about $3700 for me and $3200 for my wife respectively. The credit agency told us that they tired to charge the insurance first but they were told that we have to pay first and then the insurance will eventually refund us the amount. + +The problem is that our insurance only covers €1300 each for ER visits, which in our opinion is more than enough for a one hour visit. Here in Italy we don't have private healthcare (basically ER and all hospital expenses are pretty much free) so that leaves us with about $6000/$7000 of debts (bills+medicine expenses minus the €1300 each covered by our insurance). + +We are a young couple, not rich at all, and with a baby incoming and his expenses we simply cannot afford such a high amount. Plus, in our opinion, these expenses are way too high for the treatment we received. Additionally, we already paid about $2000 of bills! Looking around we discovered this "high baller"/"high balling" practice that US hospitals tend to use. We were also told that (since we're foreigners, we don't have private healthcare in our country and we simply can't afford these bills) there may be a chance to negotiate these bills. The point is that we do not know what to do and how to do it, being Italians we know almost nothing about US hospitals and legal matters. + +So now I'm here asking you fellow redditors: what should we do? Contact the hospital directly or the European credit agency first? What should we say/write? Can any of you assist us with this problem? Even in private. On behalf of my family I'm grateful for any help I may get here. Sorry for my English, I know it's not perfect. Thank you. + +**TL;DR** +Italians traveling in US had to use an ER, now we're buried with bills that our travel insurance won't cover entirely. Been told that (since we're foreigners, we don't have private healthcare in our country and we simply can't afford these bills) there may be a chance to negotiate these bills but we don't know how to do it. +Hi all - My wife and I are going to be supporting an aging parent, and I’d like to hear your experiences. In particular, budgeting for skilled care and/or private nursing homes. + +Details: +My wife’s mother has recent ‘retired’ (63). She has no real savings/insurance and is reliant on a relatively meager social security payment. She did the best with the hand she was dealt, and raised 3 kids as a single mother on a secretaries’ wage. Mother in law is currently in good health. + +Tentative plan: + +1. My wife’s sister will be buying a new house with an in-law suite so MIL can age in place. Their income is just above median HHI. So my wife and I will provide down payment assistance as anon-recourse IO loan at the federal long term rate - we will gift the interest payments and at the amounts we’re discussing, they will be WELL below annual gift limit. + +2. Gift MIL up to limit, as needed, from each me and my spouse. + +3. Pay for private skilled care/nursing home when required + +Items 1 and 2 are not ideal, but manageable - up to and including my wife’s sister deciding to welch on the down payment assistance loan. Item 3 - Moving to skilled care/nursing home is the great unknown. They live in an exurb of a VHCOL city and from some basic research - quality care can run 10k - 20k/mo in today’s dollars. + +Any experience would be great, especially around duration and cost for quality care. Seems way too late for a ltc policy based on her age and losses at underwriters for this type of policy. Thinking we should started budgeting/setting aside money now, similar to saving for college (but potentially 2x more and without the benefit of a 529). I’m thinking that in aggregate, I’ll need to work for a couple to a few more years befor RE. +I’m wondering if anyone has bought a Hastens mattress and can give they’re review on it. I’m looking to buy a new mattress and I am tired of doing this every 5 years or so. I know Hastens can exceed $100k but I want to know if it’s that special and how long it might last. I’m also open to any other brands that are higher end that I can see in person and not some fly-by-night internet mattress brand. Online mattress review sites are notoriously fake and paid for by mattress companies so very hard to judge what’s real. I’m looking for anything $5k+, in the US +feb 23rd hours before the invasion (when i heard CNN say it was the largest military build up in europe since ww2) i panic sold ALL My stocks..they were all tech stocks that i had held for over 10 years.. i dumped everything ..i thought the USA would send troops into ukraine to fight and possibly start ww3 and i felt like i did the right thing selling ...but then stocks went back up and i heard usa would never be sending troops into ukraine to fight and that they didnt want to start ww3.. so then i was kicking myself for selling my stocks which i had held for 10 years.. but then the narrative moved from war to CPI and inflation and possible recession next year and then china covid lockdowns.. the market has been all over the place.. right now i could buy back some of my stocks at the same price i sold them at but... should i buy back in now or wait or what2do? + +ps: i noticed some people commenting on the taxes i would have to pay on the capital gains from the sale of my stocks. however, the stocks i sold were all in a tax free account. so bottom line is that i will not be paying any taxes on the sale of the stocks. + +pps: to all those who say my story is bs or call me paper hands(?)... i bought half of portfolio back in 2007 .. and i never sold, not even during the financial crisis of 2008 ..i added to my portfolio in 2014 & 2015.. and i never sold... i added more in 2019 and just before the covid crash in 2020 and i held during the crash i never sold.. infact i never ever sold any single share since i started my portfolio back in 2007... however, when feb23rd 2022 came along i feared the worst and then i did sell.. i SOLD everything (my entire portfolio). So to be clear. i held since 2007 only to sell in 2022. + +(i am ignoring mean & hateful comments) + +(if you want to chat or send me a message, i will reply) + +&#x200B; + +april 21 update: so i just bought back 12% of my portfolio at a little below what i sold them at back in feb. +I've seen a lot of people post on here their FIRE plans and when they would like to retire, but I'm curious to hear about those of you who have successfully retired early and our financially dependent. So... + +Was it worth it, being frugal all of those years? What age did you successfully RE? How much was your NW then? How much is it now? How are you doing now since your RE date? Anything you would/wouldn't change? Any advice for us still on our path to FIRE? + +Thanks for any input and motivation. Happy Friday!! +Ladies and gentleman, please keep your money safe for a few days / weeks. Stop holding stablecoins if you can. USDT has been deppeged 1-1 for the last 7 hours, with the highest daily trade volumes ever: + +[https://imgur.com/a/rKXX81b](https://imgur.com/a/rKXX81b) + +Other stablecoins are suffering the pressure as well as people try to cash out. This may be nothing really, and I hope it's nothing. USDT has hold for so many years. But we better be safe than sorry. This is just a warning for people here and I hope everything goes smoothly for USDT and other stablecoins during the next few days where the pressure for cashing out will be kinda high. I'm sorry for everyone that lost on the Terra / Luna disaster, remember money is not everything and you learned an important lesson. Also, people with money on Celsius and other high APY "projects", please think twice before going for a promise of double digits APY. +Hi r/Bitcoin, recently my country adopted bitcoin as a legal currency. + +Currently i own the equivalent of $30 in bitcoin, but i have no clue how to increase this amount, nor what to do with it. + +So I politely ask you for advice about this particular situation. What should i do? + +Any suggestions are welcome, and thank you for time. Hope my english is understandable +Reports are circulating that Microsoft is looking to purchase Tick Tock outright. Is this really a good business move on their part? Could we really see a buy the hype sell the news with MSFT? I mean I know MSFT is typically seen as one of the safest plays and a solid long term hold but is the expectation that this news could shoot it past say 220 with the possibility of a large crash if the deal turns out to be way overpaid or MSFT gets in over their heads trying to run it? + +Curious on everyone's stance with this. +I really don't know at which specific time it ends, but I assume EST. What are we expecting? RC to buy another 6 million shares tomorrow and run the price up to $175? That's still cheaper than the shares allotted to his management team (low 200s). And much cheaper than MOASS. Midnight tweets? More porn would be nice. I like seeing it on the news. + +Or nothing? + +EDIT: Full baller move. Tweet after-market saying he bought 60,000 calls ATM (or close to it) will full intention to exercise. Force the market makers to hedge, then exercise. Next tweet, 15 million share purple circle (or Chairman equivalent telling us he's HODLing). +This morning the GOOG acquisition of MMI made big news. The acquisition will be for $40 per share, and I think that I read that the transaction will close in 2012. + +If GOOG is going to pay $40 per share for every share of MMI within a year, then why is MMI stock trading below $40 now? + +Shouldn't the price of the stock approach the transaction price (if the acquisition is for cash) as the closing date approaches? Wouldn't this price difference be immediately nearly eliminated (adjusted for risk of deal falling through, and alternate uses for the money between "now," and the closing date)? +As the title says, I'm a recent graduated from an AACSB accreditation business school (May 13') and am struggling to find a job with my degree. I was very active in college, I graduated with a 3.2 GPA, 3.33 finance cumaltive, held leadershirship roles (orientation leader), studied abroad, and even had two internships. Despite all of this, finding a job has been near impossible for me. I'm applying on average two a day. I want to start off as a entry level financial analyst. I plan on going to Grad school and then possible the CFA route if necessary. But I'm struggling to get my feet off the ground right now and everything looks bleak. + +And this isn't a 'cry for help, oh I'm lost and don't know what to do' type of post, rather a 'F you job market and I'm gonna keep banging on the door until someone gives me a chance' and I just need to know what other options I can exhaust to give me this opportunity. I KNOW I'm not the only one in this situation and those who have been in this situation previously, what enabled you for success? +I had a neighbor who was recently killed in a car accident at 43 years old. He left a wife and two kids. We were not close friends but our kids hung out together. Unfortunately he managed all the payments, 401K's, bank accounts, credit cards, etc. etc. Since his death his wife has been struggling to get passwords, access to accounts, life insurance, credit card statements, etc. etc. It has really been a nightmare. + +Is there some type of online service or software you can recommend where my spouse and I can both upload all our critical information (passwords, 401K info, life insurance, etc.) where neither of us have to go through this nonsense if the other one passes? + + +I tried on service called Trustworthy. I couldn't get the trial to synch with some of my important info such as my mortgage or a few credit cards. It's also $250/year. I'd love to find alternatives. +[https://www.tradingview.com/x/1kzwgopj/](https://www.tradingview.com/x/1kzwgopj/) + +GME has been consolidating between the bag holders of the first and second peaks. As you can see, on average, nobody is bag holding now. This is good sign for bulls. I would expect a retest of the 195/200 range. If that holds, it's game on. + +&#x200B; + +Mods, this is a technical analysis post...not a freaking literary dissertation. Having a length requirement on a post that is obviously going to mostly consist of a picture is ridiculous. Bad Bot. + +&#x200B; + +If we really need to get this longer then why don't I explain the significance of VWAP. It stands for volume weighted average price. It basically shows the price normalized by the volumes of buyers and sellers that have bought/sold in the past. Why is this important? It's important because it more accurately indicates where there are zones of overhead supply (bag holders waiting to sell once they break even) or pent up demand (most holders are feeling good and waiting to buy dips). In this case, price has been stuck between the psychology of two market participants; the bag holders and the (not?) bag holders. Now that price is above both VWAP levels, more market participants are ITM than not ITM. This means less selling pressure. This means moon. + +edit: Fuck I almost forgot.... + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Hello apes. This is my first post within Superstonk after joining the apes in mid April. Just like everyone else, I am not a financial advisor and this is not financial advice. I'm just a guy that likes the stock. + +**TLDR: The Net Capital Rule states that after T+7,14,21,28 days a percentage of your shorts (25,50,75,100 respectively) must be included in your net capital equation. We currently follow a T+21 cycle, indicating HFs can cover 75% of their shorts without going net negative. As HFs begin to lose money and have less capital, HFs may begin to follow T+14 and eventually T+7 cycles as they are only able to cover 50% and eventually 25% of their shorts (respectively) without going net negative. Thus, the T+X cycle we are in should be able to be used to predict the capital that HFs have.** + +**Preface** + +As of now, I'm pretty sure everyone knows the user [u/criand](https://www.reddit.com/u/criand/) and I'm pretty sure everyone has been following his T+21 theory and how he has recently developed this into his [net capital theory.](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/) Personally, I think this theory just fits a lot better and makes a lot more sense. However, today I was thinking about how this theory could be used to possibly identify when the end may be coming for HFs. + +In the net capital rule it talks about how the market value of shorts will be added into the net capital equation incrementally (25%, 50%, 75%, 100%) based on how many trading days (7,14,21,28) since their discovery (FTD). Currently, we seem to be following a T+21 cycle which makes a lot of people think that Citadel (and other market makers) are able to cover 75% of their short position without being margin called (as a market maker, Citadel must be net positive). Due to this T+21 cycle, it seems that right now HFs are not able to allow the short position to get to 100% otherwise they will be margin called. + +**My Theory: The Net Capital Theory Should be able to predict when the end is near** + +Here is my theory: as time goes by the HFs will slowly drain their capital supply. We all talk about how much it must cost for these HFs to keep kicking the can down the road and that eventually they will run out of money, get margin called, the MOASS will happen, and we will all get our tendies. But, if the net capital theory is true, we should be able to use it as a way to roughly estimate HFs capital. + +For example, as time goes by lets say the HFs are beginning to run lower on capital compared to their current position. They can only afford for the shorts to have 50% of their market value (T+14) included in their net capital equation in order to remain net positive and not be margin called. Thus, it is possible they have to start covering every T+14 which would then, at least temporarily, switch us from a T+21 cycle to a T+14 cycle. (Personally, I think if this were the case the jumps in price on T+14 would not be as large as the jumps from T+21 cycles, but with no data regarding this it is impossible to know.) Continuing, as the HFs continue to run out of capital even more, they will only be able to cover 25% of the value of the shorts, and thus we will move to a T+7 cycle. From then I think the rest is pretty clear: They run in a T+7 cycle until their capital runs dry and they go net negative, get margin called, and are forced to cover, lose their market maker privileges, and simply cease to exist. + +Basically, if the net capital theory is correct, as the HFs lose capital over time they shouldn't be able to afford as much of a position on their shorts, will have to cover sooner, and we could see the T+21 cycle switch to a T+14 cycle, and eventually a T+7 cycle until their inevitable demise. + +**When I think we could see this happen** + +Personally, with the help of some fellow apes, we think it is likely we could begin to see a cycle shift in mid to late July (Not saying this is when it will happen; a specific date is impossible to know. However, this seems like it could be a likely time period). There are a few reasons for this. First off is the upcoming end to a T+21 cycle scheduled to end on June 24th. We all know the effect this has on the price. Next is GME changing indexes from the Russel 2000 into the Russel 1000. Nobody really knows how this will affect price, but there are speculations which point to it rising the price. Continuing, on June 21st DTC 002 goes into affect (T+2 days to fix margin calls turns into T+1 hour). + +Three other quick points that can be better explained with pictures that help point to Mid-Late July: + +1. 400k PUTS expire on July 16 + +[More shares expire July 16 than the entire float. Little sus if you ask me](https://preview.redd.it/5ql1v5b83j571.jpg?width=1170&format=pjpg&auto=webp&s=24546c2c6966293515d2a3393c54eef8319f08b6) + +2. Reverse Repos and end of quarter (Do not fully understand this yet but other apes believe it could have a significant affect on price and thus my theory so I wanted to include it) + +[From my understanding reverse repos are basically a way for banks to avoid being margin called by lowering their liabilities and raising their assets by \*trading\* with the FED. Apparently this makes price spikes. Some good DDs about reverse repos.](https://preview.redd.it/2km3gumc3j571.jpg?width=1170&format=pjpg&auto=webp&s=c5b55e9dc50a1cf95a0bdb71d4aeef4b6a5d0e42) + +3. Exponential floor is set to hit $350 by July 14th. We have all seen how quickly the price is plummeted once hitting $350 in the past, but with the floor consistently at this level it could be a quick end for the HFs. Credit to [u/jth1](https://www.reddit.com/u/jth1/) for the chart. It's incredible. + +[Yes, I know we have dipped below the floor for the first time, but me as well as many other apes believe this is due to the 5M share offering, and we should be back to normally following the floor by around June 24th.](https://preview.redd.it/n3i2tgli3j571.jpg?width=1170&format=pjpg&auto=webp&s=ce6ced294be471fbdf51ed9afdb63eae02ef0ddc) + +**Conclusion** + +Personally, I think if we see that the [u/criand](https://www.reddit.com/u/criand/) net capital theory is correct, I think that this is a pretty good way to get an idea of when the end may be near. I would love for as much information on this to be shared as possible and I would love for people to share their opinions below. Sorry for the absolutely disgustingly boring writing style, I've only ever written things for school and it has destroyed my creative writing abilities. + +Stay strong, BUY and HODL. + +&#x200B; + +EDIT: Changed "army" to "apes" in introduction. Thanks for pointing that out. +so i know a lot of people have been hard hit due to corona and economy and everything hitting at one time + +just a reminder to everyone, PLEASE call the bank about loans you may have trouble paying or accounts your behind on or if you need some sort of help + +due to corona, where i work is offering different kinds of help financially, be it defering loans for a couple months, special loans, whatever. if you dont call, you risk losing out on help that the bank (or CU) may offer. not every option is available to everyone and not every option will be a fairy tale land of wonder, but any option that avoids getting you late fees or you taking a ding to your credit is better than just ignoring the problem + +be honest about your situation. we get it. lots of places are shutting down and people need help. the bank wants its money more than it wants to ding your credit + +even if you dont take the options the bank offers, it at least is an option to consider. your bank may also not offer anything now but is working on solutions to offer. you can call back in a couple of weeks if they dont help now + +DISCLAIMERS + +not all offers are valid to everyone. see what your bank offers you specifically in terms of help + +not everyone gets hand outs + +i do not mean to promise anyone anything. + +i do not speak for all banks or financial institutions + +i do not promise everyone has something special to help at this time or that they ever will. its worth a shot still + +edit: grammar/spelling and clarification + +also i saw some great advice and comments below, take some time to read through those cause there are smarter/better informed people than me on this sub + +edit 2: just thought i would add on, use this as a time to adapt to your banks resources. if you always go in person to make a payment, look at an option to do it online if possible or over the phone. if you want a balance, ask the automated voice system or grab it online or on the app. grab your account numbers online. do anything you can yourself. it will make things easier for yourself in the future and it will free up the phones/reps/branches for people who have other issues that can not be handled over the phone or online for example +I am 13 hours into being free of consumer debt. I even overpaid one by a dollar, which I donated last night as well. + +It started in November with the revelation that I have nothing to show for my income. I've been employed for over 15 years with a career in IT, now on the doorstep of six-figures. I added up the interest on those ~20% APR cards and it infuriated me. If you carry a balance, they're charging YOU for money that isn't even useful anymore. + +I had: + +* Close to no savings + +* No house, we rent + +* $7K of Credit Cards + +* $50K in student loans + +* $600 IRS Bill + +* Some retirement/401Ks + +* A meh lifestyle even though I spent close to every dollar I earned. + + + +I started reading PF books. I think in a week I read Total Money Makeover, Financial Peace, Millionaire Next Door, and started Think and Grow Rich. I read a few other books before (Suze Orman) but they just didn't have a lot of impact on my late-20's self. This time I got serious: I have a wife and two kids with another on the way. + +The Plan and things we did. + +* Read books, blogs, /r/frugal and /r/personalfinance + +* Made an envelope budget, got back into Mint. + +* Cut cable (-$140/mo) + +* Started turning lights off when not in use. + +* Did not renew Disney Parks Annual passes (~$1000) + +* Negotiated down our cellphone bill (-$40/mo) + +* Downgraded our gym memberships (-$100/mo) + +* Started cooking about 90% of our meals, taking home leftovers from parties, ate a lot of pasta, chicken, cheap cuts of beef. + +* Acquired a taste for $2.50/bottle wine. + + + +We're positioned to split paying off student loans (will be a post two years from now) and building up a 6 month emergency fund. + + + +The most profound change over the past 5 months has been a lower key lifestyle that we've become accustomed to and kind of enjoy. We eat out and buy toys and clothes for ourselves and the kids, but not nearly as much and all on a budget. In 5 months we've also donated more money than we have in the past year - I don't know how that works, it doesn't Mathematically. Honestly, the adjustment that hurt the most was Cable TV - I did this toward the end of Football season. + + +EDIT: I still have $50k of student loans. Though the credit was small in comparison I can focus fire on the student debt now. Step-by-step that's how to methodically get out of debt. + + +EDIT: My income. Who cares? Paying off in 5 months while feeding a family stung a little at first. I threw a month of takehome pay that I will never see again at this debt. That hurts. + + +EDIT: I read books. I didn't learn anything new, didn't discover anything, my story isn't a revelation - all I did was decide to start following age-old advice echoed on this sub, /r/frugal, and every talking head in the Personal Finance industry. I'm just another guy that lived most of his adult life owing people money - been there, done that I want to know what the other way feels like. +Hey all. The wife and I are thinking about doing foster care. With how screwed up the world is we are wanting to do what we can to make at least one kids life better. + +I hope this is the right sub for this question, but I want to know what some financial implications are of foster care. We have a bit of margin financially, but if foster care is too great of a net negative we may need to wait a few more years. + +We are just in the searching process so wanted to get some feedback, potentially from those who have done it. What are some costs we wouldn't be thinking about? Was your state able to meet the financial needs of your foster child? Or did it come out to a net loss? If so, how much of one? + +Thanks +Currently I have an automatic portfolio at fidelity and it’s doing pretty well all things considered. I just started getting into the investment seen like 4-5 months ago so I don’t have my 2021 roth contribution maxed yet. + +Do you think it’s worth it to put every available sent into my 2021 Roth due to the window closing soon (April) and the fact I’ll never being able to get it back if I don’t do it now. + +Only downside is my credit card won’t be paid off for another month so I’ll just have to pay like $30 in interest. +Alright, listen up faggots. It’s come to my attention recently that some of you don’t know jack shit about options. If I wasn’t already terminally autistic, some of the comments I’ve read in the sub might have made me go full retard. + +With that said, my friend Jack Daniels and I have taken it upon ourselves to get you motherfuckers #LEARNT on some god damn options. While I have little faith that most of you will truly understand the intimate innerworkings and dynamics of derivatives, I have no doubt that a large majority of you will take one or two small pieces of information away from this. The goal here is to get you to the point where you can start overestimating your abilities again, like a good boy should, instead of blind dick swinging, like most of you are currently doing. + +*Disclaimer: I’m going to skip all the boring, possibly foundationally necessary academics behind where the Greeks come from (inb4 Greece), Black, Scholes, and Merton’s research, Ito’s Lemma, and all that jazz. If you want to look it up on your own time, read a fucking book. Hull’s book on derivatives is basically like the bible for this shit.* + +*Credibility: I’m a financial analyst in the risk department of a large insurance company, and work with our hedging portfolio on a daily basis. I also have a Bloomberg terminal that I like to aggressively use so that everyone thinks I know what I’m doing.* + + +--- + + +#Background +There are only 4 Greeks that you really need to know to trade equity options: + +1. Delta +2. Gamma +3. Theta +4. Vega + +If you have at least a modest understanding of these, you’ll be on your way to sweet, sweet tendies in no time. Now onto the gREEEE^EEEEEE^EEks + + +--- + + +##Delta + +Delta is the grand-daddy of them all. The Hugh Heffner of the Greeks. Most of you probably are familiar with delta, because it’s the easiest one. Easier than your sister, which is really saying something. +**Delta represents the relative increase in the price of an option, given an increase in the price of the underlying.** When you buy or sell an option, the price change doesn’t exactly mirror the stock 1:1. Options expire at some point in the future. Stocks don’t expire. + +The implication here is that an option is only valuable if you can exercise it for a profit. Logically, this means that deep ITM options will have a delta pretty close to +/-1 (depending on whether it’s a call or a put), while deep OTM options will have a delta pretty close to 0 (or 100/0, whatever convention you use, the only difference is where the decimal is). **Note:** Option deltas range from -1 to 1 (or -100 to 100 deltas). Calls have positive delta (0 to 1) while Puts have negative delta (-1 to 0). + +If you’re seeing deltas on your trading platform that are not in this range, you’re probably seeing Dollar Delta, which is just: + +Delta x Notional Shares (usually 100 per lot) x Price of Underlying + +**Autist’s interpretation:** The easiest way to wrap your autistic brains around this is to think of delta as *roughly* the probability of the underlying stock price going beyond your strike at expiration. For example, an ATM call has around 50 deltas. That means you can intuitively view it as having a 50/50 chance of expiring in the money. An increase in the stock price would give you even greater chances, hence the delta of a slightly ITM call is a little over 50, and deep ITM calls are close to 100 deltas. An ATM Put has roughly -50 deltas. This doesn’t mean a -50% chance of expiring ITM you fucking idiot, it just means that your option value is negatively correlated to price increases. + + +--- + + + +##Gamma + +Gamma is the least-hyped Greek out of all of them, but definitely one that could cause your portfolio to turn into a shitshow while you’re not paying attention. **Gamma represents the change in Delta, given a change in the underlying price.** + +Gamma is the 2nd order mathematical derivative of price. It tells you how fast your delta will change when price moves happen. Just like speed and acceleration. The second one tells you the rate of change of the first. It can also be interpreted as a measure of convexity, telling you how flat or round something is. Like your flat-chested girlfriend has almost no titty gamma, while Kate Upton titties got gamma for days. Gamma is always positive, and is always largest ATM. + +**Autist’s interpretation:** Think of gamma as the big swing when options go from being OTM to ITM or vice versa. So the next time you see that piece of shit stock hitting all time highs, think to yourself “Holy shit, this dumpster fire might actually moon, better YOLO on some calls real quick”, then it drops by $0.05 and your calls drop 50%, blame it on the gamma. + + +--- + + + +##Theta + +Theta is the turtle of the greeks. Doesn’t move too fast, doesn’t do too much when you poke it with a stick, boring as fuck. But this is where the time value of options comes from, so it’s important that you know what it is. **Theta is the change in option price, given a 1 day change in time**. + +Short option positions have positive theta. Long options positions have negative theta. This means that the marketable value of the option decays each day it comes closer to the expiration date. Less time to expiry = less time to moon, which means people will pay less for it. This is essentially how options selling strategies make their profits. They bet that the price won’t move that much, and most of the time, they’re actually right, because dumb cucks like you are willing to pay those prices. + +Like gamma, theta is also the largest when an option is ATM. As time passes, theta becomes larger and larger. The implication here being that the last week of an option’s life, theta will be exponentially larger. + +**Autist’s interpretation:** Think of theta as the shot clock. It keeps ticking away, no matter if the game is exciting or boring. If it’s a really close game (i.e. the option is ATM), then the shot clock is pretty much the make or break thing for you. If the game is a blowout (option is OTM) then it doesn’t really matter that much. When it comes down to the final minute, and it’s make-it-or-break-it for your shitty, shitty, poorly thought out March Madness bracket selections, you’re literally ripping your hair out because you’re on the emotions express, screaming “WHAT THE FUCK WAS THAT, REF? ARE YOU FUCKING BLIND?” and then cry and piss yourself in the corner. That’s the only time theta really matters. + + +--- + + +##Vega + +Possibly one of the most misunderstood Greeks, and 105% of the reason behind why RH faggots try to get their trades reversed. **Vega is the change in price of an option for a 1pt increase in the implied volatility of the underlying**. + +Now, some of you faggots may know what implied volatility (IV) is, others think you do. No one actually does, because it’s a fucking made up concept in order to get the math to work. The short bus explanation is that implied volatility tells you how much people buying and selling options think that the underlying price has the potential to move in either direction before expiration. + +I’m not going to go into how it’s backed out of the Black-Scholes pricing model, or how implied volatility actually represents an estimated annualized 1 standard deviation (68.27%) interval assuming a gaussian distribution of continuous time price movements (specifically addressed to all of you elitist NERDS out there, cash me in the comments, howbow dah?). + +Implied volatility is the only unobservable and incalculable input to an option’s price. It’s literally made up. Historically, it hangs out somewhere between 5-10% above historical realized volatility, but when or why it jumps or drops is purely based on the dumb cucks who are trading the options. + +The important distinction here is that **Implied Volatility tells you whether an option is relatively expensive or relatively cheap. Vega does not.** Vega just tells you how sensitive an option’s price is to changes in the will of the people. + +Both calls and puts have positive vega. Intuitively, this means that when people think the market will move sharply in either direction, options increase in value, because people want protection (or phat gainz). + +**Autist’s interpretation:** Vega tells you how much you’re fucked when people lose interest in a hot meme stock after it doesn’t moon, or when people unwad their fucking panties after some good ‘ol Thursday action. + +--- + + +#In Conclusion + +Hopefully you retards made it this far without wandering off to try and hump a doorknob. If so, congratulations, I hereby award you 10 good boy points. If there’s enough interest, and I can find more whiskey, I might do a part 2 on basic options strategies and how to completely misapply them. + +𝒩𝑜𝓌 𝑔𝑜 𝑔𝑒𝓉 𝓉𝒽𝑜𝓈𝑒 𝓉𝑒𝓃𝒹𝒾𝑒𝓈, 𝓎𝑜𝓊 𝑔𝓇𝑒𝑒𝒹𝓎 𝓁𝒾𝓉𝓉𝓁𝑒 𝑔𝒶𝓎 𝒷𝑜𝓎𝓈. + + +**Edit:** Thanks for gold, assholes. Feels like being captain of the short bus for a day. +I've never been a GG fan because of his history as part of the problem re: derivatives. I was however willing to suspend judgement and see what happened. + +Now it appears that we have shown a bright light on financial terrorism that the SEC in the political bullshit rhetoric of our time "protection" is actively protecting the bad guys. + +Inaction is bad but this is worse. I feel completely betrayed. So the SEC can move swiftly when it needs to but "it takes time" to clean up the rest of the bullshit? + +Turn off dark pools for a month. See what happens. +So I followed bitcoin since it's creation and bought a few bitcoins back when they were only $100 (sadly I sold them a while back too for a profit rather than held) + +But I currently work in investments at a large wealth management firm in the US and I have one large problem with bitcoin. So I was hoping to get some clarity from you fine folk. + +My problem with bitcoin is this; I understand bitcoin, in its current state, is primarily an investment tool. I don't have hard numbers but I'd say roughly 80-90% of bitcoin holders are using it as a form of investment rather than a form of currency. If you have numbers that say otherwise and can source that, I'd love to see! + +So from what I gathered Bitcoins whole appeal is its a form of currency that you buy and down the road there will be a finite number of bitcoins. The goal is to use them in your everyday life to buy things and pay bills. This is where I find a major problem and am reluctant. Due to its current nature of being an investment, it makes it very difficult it to also be used as a form of currency because there is no certainty to it. + +Currency should be liquid and easily convertible in value to distinguish what something is worth. Of course inflation occurs and it's value changes with other markets but it is relatively liquid and safe. + +It will be very hard to make bitcoin purchases main stream when it is so volatile. Bitcoin just recently hit $5,000 but is currently trading at around $4,400. If i bought a TV right now for 1 bitcoin and tomorrow the price rises to $5000 (which it very likely could) i actually lose money in that deal and the company i bought the TV from has now made even more off of me than just the sale price. + +I have no problem with investing in bitcoin as an aggressive growth investor. To me, investing in bitcoin is no different than investing in Tesla. The company is reporting no earnings and isn't projected to make any money until around 2020 yet people still continue to buy the companies stock in the hope/assumption it will be worth more in the future. This is a common high P/E growth stock move. You're hoping that one day someone will pay you more for that stock than what you paid. The company doesn't pay you anything to own a portion of their company (dividends) so it's simply based off supply and demand. + +This same thing applies for Bitcoin in my mind. You invest it now you are basically saying I think someone is going to pay me more for this down the road. You don't really get any value from it outside of the hope it's worth more in the future. And with this assumption it makes a poor medium for purchases because the whole market could crash for whatever reason and there is no FDIC insurance or anything associated with bitcoin. The risk is just too high to be considered an M1 currency. + +Like I mentioned I'm not here to be rude or argue why i think bitcoins are stupid. That isn't the case at all. I'm actually going to buy some shortly to diversify my portfolio. I just don't see the long term goal in it as I don't realistically view it as a currency. And if it does become a currency it will no longer be a good investment tool. Thank you for your time :) +Today I went through all of our filing cabinets and finally got all of our unpaid debts in front of me. + +Backstory: I had credit card debt and have paid off a great chunk of it. (Now at less than $10k) My now husband and I started to tackle our debts when SURPRISE I found out o was pregnant. Halfway through my pregnancy, my husband was let go due to company down sizing. We used any savings or money we had for debts to keep us afloat. + +When our baby was born she needed to be in the NICU because she had stopped breathing at one point and her pulse had dropped. Turned an estimated $3k delivery into a $10k bill. + +My husband has about $3k in medical debt himself. + +I have $20k in student loans. + +So our debt is $42k, with all but the $9k credit card debts being medical or school. I was told previously you couldn't put medical or school debts on bankruptcy because I was wanting to file. + +We are drowning. These are all in collections because I had to stop working due to the baby and are check to check. If we paid some of these we literally couldn't put food on the table. I don't know what to do. My husband kills himself at work week after week and there's just not enough to pay much and it seems like we will never climb out of this hole. + +Anyone have advice on what to do if you are drowning in medical debt?! I know I can't do anything about my student loans. + +Thanks Reddit. + + +But it did happen once. + +This is for those who put their life savings in margin trading, too sure that their cryptocurrency won't drop to a certain price. + +If greed can push $6,000 to $60,000, then fear can sure push it back down from $60,000 to $6,000. + +Think about it. Don't risk your life savings or your house in something that you have zero control of. For the past few days, we are hearing the accounts of people committing suicides, and the largest account liquidated a few days ago is $64M. Whales get wiped out clean too, just so you know. +This documentary is eye opening. I’ve seen a few familiar names pop up (Nomura, Credit Suisse, JP Morgan Chase, B of A) + + ANYWAY! I learned that derivatives essentially allowed banks to make super risky trades which was one of the things that led to the crisis. GG was head of the commodity futures trading commission and helped ban regulations on derivatives. + +My takeaway? Be very wary of those in the financial sector who say they are going to help. they most likely won’t because they have a load of cash waiting for them after they leave office. + +I also learned that a lot of the economics professors at universities are paid by Wall Street to teach deregulation as a good thing + +GameStop is the financial worlds Achilles heel and we have em! It’s so scary to see how much of a hold they have on the world but we have +[one](https://tenor.com/view/benedict-cumberbatch-endgame-doctor-strange-one-one-more-gif-14162332) opportunity to finally break the choke hold the rich have on the world and make it a better place. The fear i have of what the banks are doing is fueling my strength to hold for as long as possible. This is the fight of our lives. To the moon 🚀🚀🚀 + +Edit: misspelled some stuff and fixed it +A huge reason for Tesla's insane valuation is the fact that Tesla has amassed 3 billion miles of real-world Autopilot data (by comparison, Waymo only has 20 million real-world miles and 10 billion simulation miles). This allows Tesla to be the only automotive company currently that can train vision-based self-driving system in the real world at such a huge scale. Essentially, Tesla is utilizing its users as free labor to train its self-driving system by having the users correct the system whenever it makes a wrong turn. + +Blackberry IVY will very soon change the game. By creating a standard data abstraction layer on the 175 million QNX-powered vehicles (and possibly more since IVY is OS-agnostic and will support other non-QNX vehicles), Blackberry IVY will likely become the de-facto industry standard for automakers to share normalized sensor data (camera, radar, lidar, steering wheel rotation, brakes, acceleration etc.) with Autonomous Vehicle software makers (Waymo, Cruise, Argo, Motional, Aurora, TuSimple, Baidu, Pony.AI, Momenta etc.). + +By 'sharing', I mean monetizing. De-identified vehicle sensor and localization data will be the most important asset that automakers can monetize in the immediate short term. Blackberry and AWS will be the bridge between the traditional automotive world and the software world by creating programming standards, interface and data marketplaces. + +Just imagine this, Tesla only has **<2 million** vehicles on the road currently and they are already called a Big Data company and world-leading "self-driving car" company (debatable, I personally think anything under L4 autonomy is ADAS, not self-driving). + +Imagine what Blackberry IVY can help the automakers and AV software makers achieve with normalized data from **>175 million** vehicles. Blackberry IVY will provide a standardized safe and secure way for AV software makers to tighten the training feedback loop between users and their software, as well as validate their systems in real-world scenarios at a much larger scale than Tesla. This will save these AV companies a lot of money from operating their own test vehicle fleets in various locations across the world. + +With the threat of Tesla coming to eat traditional automakers' lunches, Blackberry IVY will likely create Fear-Of-Missing-Outs (FOMOs) among traditional automakers to adopt IVY as a must-have enterprise software. The industry's transition to EVs will inevitably make any competitive advantage developed around combustion engines and mechanical drivetrain obsolete. Software will become a key differentiator for cars in the near future (especially cloud-connected vehicle data-driven products that improves battery performance, ride quality, infotainment, autonomous driving). Any forward-looking automaker (both ICE and EV) should already be looking to devote significant amount of their resources into improving their software offerings or risk getting wiped out in the next industry upheaval led by Tesla. Getting better tooling and software infrastructure like Blackberry IVY is their first step. + +IVY will very likely be an easy upsell for existing AWS Automotive customers like Toyota, BMW, VW to further enhance their cloud-based enterprise workflows and product development lifecycle etc. Both Blackberry and AWS have been their trusted technology partners for a very long time and there is no major conflict of interest regarding data ownership (unlike Google). +Will the news that inflation is worse than expected and a looming interest rate rise cause people to spend or save over the next few months? + +I'm talking about discretionary spending. If people know that their money is going to be worth less in a few months than it is now, will that cause them to buy pricier one off purchases now? + +Or is the impending bad news cause for aussies to squirrel their money away as a buffer? +The additional variable rate for Savings Maximiser will change for new and existing customers effective 1 May 2016 to 1.0% p.a. + +(Decrease from 1.25% p.a.) + + + +What are your thoughts guys? Will you be moving funds elsewhere? +Hi all, + +A while back I released an Investment Tracker here on [r/AusFinance and r/fiaustralia that was quite well received.](https://www.reddit.com/r/AusFinance/comments/f2fxkg/after_a_year_of_work_im_releasing_my_net_worth/) When it was released I received a lot of feedback about bugs and feature suggestions to build into it. + +Since I love Google Sheets and enjoy building tools to help people with their finance, I've fixed up a lot of bugs and added more features into the Sheet. I think a lot of people at this time are trying to keep track of investments and their Networth so this sheet might help you. + +#####**Link to the Google Sheet here - https://docs.google.com/spreadsheets/d/1tRJzUsKBNE_JoSTiMLT0-V5zk3cwGW3lpnpboot0IGI/edit#gid=1699319964** + +**A quick summary of the features:** + +- Captures all parts of your financial position (Cash, Stocks, ETF’s, Dividends, Super etc.) + +- Live ETF/Dividend/Crypto prices for live insight into your portfolio + +- The cool stuff: Automatically optimizes when & what ETF’s to buy. The logic is the same as https://investcalc.github.io/ but built directly into the sheet. + +- Automatically copies your entire financial position when you save your monthly progress. This is great for watching your Networth grow giving you a sense of progression month-to-month! + +- Tracks and gives you feedback on your Savings habits and monthly spend. + +- Cash Savings Targets, I've also added in a House Deposit tracker. + +- Automatic budget that feeds into your ETF purchases & automates your monthly bank transfers. + +- Keeps track of all returns from Stocks/Dividends helping you see what’s working + +- Investment return breakdowns per-parcel and on a holistic level. + +- And a whole bunch of other features, give the sheet a look to see. + +Essentially this sheet only requires you to update a few values each month and will automatically keep track of the rest through a variety of formulas and scripts that run behind the scenes. I’ve used this sheet myself for quite a while and it's great to see how I'm saving. I've put some FAQ's and more info up on my website [here](https://compiledsanity.github.io/#faq). + +*If you have any feedback let me know what you think. I’d love to make this a better resource for all.* +AMD is gaining against Intel on their 7 nm chip. +Intel is still struggling with their 10 nm. +Apple announces 5 nm. +This looks like a significant tech advancement +They also announced a blood oxygen sensor for the Apple Watch on top of performance improvements + +Surprised to see the stock price retracting + +Update: +Scooped up some cheap $120 calls expiring this week while it touched red after the event + +So tired of reading the endless copium on housing. I get it. Many of you can't afford homes, that doesn't mean prices are coming down anytime soon. + +Despite everything you've heard to the contrary, most houses are owned by people. I know I know: CoRPoraTiOnS ARe buYIng aLL tHe HoMEs!! But it's just not true. For single family rented homes only 300,000 are owned by corporations while 16.2 million are owned by "mom and pop" landlords. + +To understand how significant this is we need to look at what has recently occurred with mortgage rates. First lets just overview the 30y fixed that's offered to US consumers. This is an incredible deal that doesn't really exist anywhere else in the world. The reason is fairly obvious, it's just a bad deal for the lender. It's a deeply asymmetric trade; if rates go up you get a better deal than before in relative terms, if rates go down you get to refinance at the lower rate. + +And that's exactly what happened! Covid struck and all of a sudden people had the chance to refinance bellow 3%, and not just for owner occupied units but rentals too. Every property owner with half a brain took advantage of this. + +Fast forward to today and rates are at 4.8%. It might not seem like a big deal, after all rates fluctuate. 1.8% give or take isn't really that big of a deal right? WRONG! + +It's a huge deal. We've never pushed rates so low and guaranteed them for so long. Rates need to be viewed on a relative basis. That means paying 4.8% interest is 60% more than 3% with regards to debt maintenance. No one with half a brain is ever going to sell a home they refinanced under 3%. Let that sink in. + +Government covid policy has effectively removed a very large percentage of homes from the available market permanently. There will likely never be a time in the future in which selling one of these refinanced single family rentals is a good play. Moreover, the 60 million or so single family owner occupied homes are highly incentivized to never move or if they do turn they're existing home into a rental. + +The logical way this plays out does not look good for inventories. People who's financial situation has stayed about the same are extremely unlikely to move. People who's finances have deteriorated are incentivized to hold on for dear life or face significantly worse living conditions, and people who's financial situation has drastically improved are much more likely to rent their old place out and can afford to do so. + +Inventories are fukt. And not just right now, but for decades. + +All of this has already happened. You can literally watch its effects playing out in the market right now. Looking at market conditions it seems like things are going to get much worse before they get better. + +Obviously inflation is the elephant in the room, and the US govt is not well positioned to deal with it. If inflation is permitted to run wild housing will get a huge boost. Most houses are fractionally owned with most money coming from the govt as they are ultimately the primary lender this relationship will mean homeowners are making several times the inflation rate just from holding real property. + +Conversely, govt tackles inflation head on (LOL) by raising rates. This will make the those 3% loans too good to give up. Mortgage rates at even 6% will mean you are paying twice as much servicing your debt at those who bought at 3%. 6% is still bellow the current inflation rate, how likely is it for them to ever get inflation bellow 3% without cheating on their CPI. + +So, we have an extremely constrained supply that is structurally unable to improve. The only available option is new housing. New housing starts data has been bad for years, and while the numbers have improved lately they 1. Aren't enough, 2. Coming on the back of a major materials/commodities re-pricing and 3. Struggling with labor costs and supply so widespread many laborers are able to choose safer/easier work. Best case (for non-homeowners) is we continue to build at an elevated pace and stop the trend, but this will take years not months. + +So before you even get started, no this is nothing like 2008. In 08 people were signing up for horrible variable rate mortgages designed to fuck them, now they've signed up for a bunch of 30y fixed at under 3% designed to stimulate the economy at the expense of the future. So here we are in the future, paying for all those 3% 30y the govt bought up like hotcakes. Even if, as many of you housing bears insist, housing prices come down it will almost certainly be on the back of meaningfully higher lending rates. This will NOT create housing supply since most mortgages are around 3%, unlike 2008 when they were twice that! If interest rates hit 6% and prices drop 40% (they won't) it still wouldn't create the waves of defaults we saw in 2009. + +TLDR: Housing operates like all markets, based on supply and demand. There will always be demand but supply will never really come back thanks to ultra loose monetary policy during covid and the govts willingness to buy up all the 30Y mortgage paper. The only way supply constraints can lessen is if asset price inflation is tamed AND rates are close to 3%, so basically never. + +Positions: Short 1.2M in mortgage bonds at 2.99% secured by apartments and houses. + +Edit: Purpose of this post isn't that housing is cheap and should be bought at these prices, it's that supply has been structurally constrained and this effect is likely permanent. +Bloomberg - Ford Profit Falls on Slowing Demand, Spending for Super Duty http://bloom.bg/2dOnbsa + +For all those wondering why F has been falling over the last few months. +Every day market looks like a plunge, and everyday somehow miraculously things recover. + +EVERY SINGLE DAY if you are following any of this it is blatant as fuck how much corruption is involved even a toddler can see something is fucky, to a point where I have become massively cynical over this entire process. + +Nothing is regulated properly to a point where I feel like the top aren't finding a way to manipulate it anymore, look at fuckin crypto this morning, everything was down like 15% and then bounced back... And shit like this happens way too often. Stocks plunging 10% to instantly recover in less than an hour? How??? These aren't normal price fluctuations people. + +I have 0 hope anymore, 0 trust in those that are supposed to be looking out for the average person, and 0 want to ever be a part of this trash again. + +"Meme stock" (hate that term) have been in question for well over a year now, these stocks that many people have questioned as being manipulated, have had 0 sort of reassurance that they haven't been and ZERO PROOF THAT THESE STOCKS ARE MASSIVELY CONTROLLED TO OBLIVION. + +We bring up these questions 16 months ago, and have only increased the amount of people/questions being asked to be apart of this, and somehow these stocks remain to be lower than they were at the start, they remain even more manipulated than before, and who is in charge of all those to reassure is that no wrong doing is happening? Absolute trash people who are also at the top and don't give af about us. + +Short selling is scum of scum in this world, anyone who says it is good is clearly a part of the short selling issue at hand, how can it be okay to literally get a stock for free and sell it to an open market to lower it's price, all for a low percentage fee for the stock? Who is in charge of all these supposed "real" shares that get short sold? Why is this constantly being allowed???? It's literally free stocks for them, and it is clear af they do not close those positions out. + +People get free money to sell a stock they don't own in order to lower the price, and they can do that at such a massive scale to where it bankrupts companies regardless of doing well or not then they collect that sweet sweet free money. + +But somehow more and more shares appear somehow to keep lowering the price of the company into the ground, without ever buying back the original shorted shares. Stocks showing 0 shares to borrow, then on an exciting week where we expect movement we see 500k shares magically appear out of thin air? But that should mean since the last time they borrowed 500k shares they bought back, right? Nope the price of the stock does not follow that at all, did no.sort of bounce back from the original 500k shares, and then somehow someone is offering up more shares to be fucking borrowed? I know I didn't, and goddamn I know pretty much any retail investor wouldn't either. + +We bring up dark pools, how they literally help no one but the people abusing it, and how literally daily we see spoofing in front of our very eyes, nothing being done... We complain to whoever we can and nothing... + +We bring up how piss poor the punishments are for these insane crimes, to a point where their fine may not even be 10% of what the profited in the crime they are being punished for, nor are they even blocked from doing that crime again, just constant little slaps on the wrist without 0 actual punishment being involved, just mini fines. + +Shit has been going on forever with no answers still, no public word on the situation from those in charge, no proper share count to tell how much is in circulation, no nothing to make me feel safe in this type of world. + +These people are selfishly doing everything to keep that power/money they currently have, and it seems that people at the top gravitate that way no matter the circumstance. It is sickening to see this can be kicked so fucking long to a point where everyone is getting hurt with inflation. + +I hope the people in charge/at the top are happy, because fuck me in the unhappiest I have ever been and I know a lot of you are with me on this. The scammiest/shittiest way for them fuckers to make free money and have 0 remorse to how much it is fucking everything else over. I have 0 hope that even if this works out for us, things will get back to the way it was in some sort of way. + +I'm out of this bitch, regardless of moass or not I'm over it, these people will never be on our side ever... +I'm back apes + +not financial advice. + +This post is probably gonna (actually) be pretty short so I'll just cut to the chase. + +In my last post I made an edit saying I dug deeper, this is that. + +I'm gonna be looking at the price action of AMC and GME and compare every detail to try and draw conclusions. Let's dive in. + +Firstly, here's a slightly annotated view of the correlating time frames I'm comparing (I'm using a different drawing set so the EW annotation don't make your brain go insane): + +[GME](https://preview.redd.it/uclp27bwy0771.png?width=2732&format=png&auto=webp&s=a4cfd9f83a975680f3b3e0e31adc4abcfd6d67ab) + +[AMC](https://preview.redd.it/8g8heeg3z0771.png?width=2804&format=png&auto=webp&s=db9c637a31bc91865a70b242186804f8a528dd1b) + +I quite literally went insane analyzing this high af last night, but I came to some interesting conclusions. What I want you to note is the (abcde) annotations. A C and E are touches of the bottom end of the channel and B and D are the top. + +Looking at both charts, there were 3 bottom tests and 2 upper end tests that bounced hard. Finally, on the 3rd attempt to break out (looking at amc), the price rejected for a few days and finally did breakout of the channel. + +However, it also took 5 days from AMC's B to C to complete, GME only took a day. Same for the D to E, taking 6 days. On GME, it took 2. + +So from this I conclude that there isn't only a correlation, but GME is speeding up. maybe this can be attributed to HF's running out of time, so the process is increasing at an exponential rate (shoutout exponential floor guy). + +So under the assumption that the correlation mains intact, and that GME is accelerating relative to AMC's movements, we should actually reject the upper bound of the channel today. If we break to the upside today, then the correlation is picking up even faster than before... + +As I'm writing this it looks like GME is actually about to breakout of the channel, so this might have all been for nothing. Nonetheless, I wanted to point this out, as you can see the similarities clear as day. + +Just wanted to get this out there as I think it can be somewhat useful as a predictive indicator. Any other wrinkly brains have any input on why this is happening? + +&#x200B; + +TLDR: just look at the pictures, moon soon 🚀 + +GOOD MORNING, lol GME wants to break out of the channel so bad. This write up might have been for nothing but still worth noting how similar the price action is +After lurking for years, I finally joined you guys. +Ive been laid off last year due to corona and since then Ive been working 2 jobs just to survive my family. + +Its really rare that I have any money to spend at the end of month, after buying food and supplies, but this February I finally decided to invest 10$ I had set aside in crypto. I know it’s laughably low amount but I hope and one day it’ll grow to something bigger. + +I promised my kids a pizza night if it gets to 100$ so lets hope! + +Thank you for reading my brothers and sisters in crypto. May green be our color. +Something about being flippant and exaggerating gains blah blah blah. I find it ironic given the entire sub is littered with stock market recommendations. + +Full disclosure, I did say in 6 years it would probably be enough for the whole house. #facts +What tools do you use to find the stock or stocks that you will trade each day? What are the best metrics to use for scanners? Low float? Certain amount of volume traded premarket? + +Are there certain stocks that regularly are good to trade? I'd love to find a low priced stock that has regular large intraday swings in price that follow price points and indicators such as EMAs and VWAP. + +If you guys have any suggestions on specific stocks or ways to find those stocks(including scanner parameters) I'd greatly appreciate it. Thanks! + +I grew up moving from house to apartment to house (I am almost 30 and have moved 20 times that I can remember/track) constantly. We lived in rough neighborhoods and alright neighborhoods, bad cities and ok cities. There were years where Salvation Army supplied Christmas and years where Christmas was extravagant. My mom talks about the strUggles to feed three kids, but I never really saw it or felt like we were ‘impoverished’. I had a good childhood, all things considered. + +That being said, my parents are both awful with money. No saving habits, horrible spending habits, etc. I didn’t learn anything (good) about money from them, and so I started my adult life a bit rocky and naive. + +No one in my immediate family went to college, so it wasn’t something on my radar until my high school BF (who was valedictorian) was shocked that I hadn’t started looking into schools when he had already started applying. He kind of helped me out, learning about different types of colleges and FAFSA. + +I was lucky to get merit-based scholarships and grants that effectively paid for my tuition and housing at a private university 400 miles away from where I graduated. I took the opportunity to bounce out of my tiny high-school town that no one ever leaves. + +I started my adult life with debt, unknowingly. My dad worked at WF, and opened a credit card in my name. I didn’t know about it until I was 20, the summer I was going to get an apartment with some college friends. My credit score came up at 520 when they ran it, which confused me. I’d never had a credit card, why is my score so low? +They provided a copy of the report, and I saw that I’d had a card for over two years that had a large X each month for not being paid. Yikes. +I looked into it, found out it was opened right after my 18th birthday in the state my dad lives in during the time he worked for WF (he was fired soon after), and asked my dad to pay it off. He told me that I knew about the card (what?!) and that it was my debt and my problem. I tried to contest it, but I needed to file a police report against my dad for stealing my identity. I wasn’t comfortable with that, so I just saved up and paid off the collection and vowed to bring my score up. (I ultimately ended up getting this money back through a settlement with Wells Fargo years later). + +So I was 20, with a horrible credit score, and pretty much nothing to my name. Here’s how things played out for me: + +- I was living on campus and attending classes, but that was all covered by my grants and scholarships. I decided to get a job on campus anyway, because I wanted extra spending money. Working on campus meant no commute and the ability to pick up extra hours easily because I lived on campus or really close throughout college. + +- I financed a car with my boyfriend at the time, who co-signed for me because I didn’t get approved on my own. My payment was $156 a month. + +- I got an apartment with two roommates when I was 20, and my rent was $500. I was able to pay the rent and my other minimal bills (car, phone, insurance) every month, but I lived paycheck to paycheck. There was one month I couldn’t make rent. I called my mom and asked for help, and she told me “sorry, I can’t help”. I picked up extra hours and paid rent late and paid a late fee. I hate hate hated that and decided I needed to have a savings account as a cushion. + +- When I was 21, I got a second job at a restaurant. I worked 6-12 on campus, had classes til 4, and then worked 5-close at the restaurant. I started to save a good amount of money. + +- When I was 22, I got another job tutoring on campus. It was an extra 10 hours a week when I could fit it in. + +- When I graduated college, I was working three jobs. I was only allowed to keep my two on-campus jobs if I was still a student, so I applied for my first year of my master’s program. I also applied for a scholarship that paid for half of the masters tuition, and got it. I took out my first student loan for the other half. + +- My credit had been steadily improving since I was paying my car loan every month. I had nothing else on my credit. I had saved about 13k by this point, which I was super proud of. It was great to have money when SHTF. Like when my car’s steering belt broke and it crashed on the side of the freeway. Total loss. Insurance didn’t cover it. + +- A year later, I was 23. My university’s law school (about 20 minutes away) had a job opening. My current boss sent in a great recommendation for me, and I landed an interview. I got the job, full-time with benefits, paying $16.18 an hour! It was a little less than I was making at my jobs, but it was way less hours than I was working AND it had benefits. I was so excited! I was going to have a normal schedule! + +- At this point, I was living alone. I had been living with the BF I co-signed my car loan with, but he decided he never wanted to have children so I broke up with him and he moved out. I 9 months that I lived on my own in that apartment, and things got tight at times. Luckily, I had built a large emergency savings that I dipped into. My rent here was $1080 a month. + +- A perk of the job was the awesome 401k. For every $1 I put in, they put in $3, up to like 7% or something. I contributed a small amount, because I didn’t really know much about 401k at the time. Looking back, I wish I had contributed more. But bills were tight back then so idk + +- I started tracking a budget. At the time, I was just using paychecks to pay for bills, and tips from my server job to go directly into savings. Any extra from my bills money I spent on whatever. Once I got the new job, I was making a little less, so I needed to figure out a budget. I tracked my spending for a month and worked out what I needed to do from there. I have since marked every single purchase, however small, into an excel spreadsheet. + +- Soon after starting at the new job, I got a cool gig proctoring exams about once a month. It was between $75-220 each time, and all of that money wasn’t budgeted, so it went directly into savings. I continued doing this for 5 years. + + +- At 24, I moved in with my now-husband to a 2-br apartment. It was in an area that wasn’t quite as nice, but it was a great price - $1300 a month. We weighed the pros and cons of a 1br vs 2br, and the price difference was $100 a month. We had tons of guests stay over, so we decided it was worth it. (Good thing, because we lived here until after our second was born! We needed the space) + +- Soon after moving in, his car broke down. We decided to junk it and live on one car for a while. I got a bike at a pawn shop and biked 8 miles to and from work every day (his work was overnight and needed freeway access, so he couldn’t bike). He would give me rides when he happened to be off while I was going/coming from work. We did this for almost 2 years. + +- We got married at 25. Our wedding was relatively frugal, and I paid for almost all of it myself. It brought our savings down to about 5k when we started our marriage. No regrets, our wedding was a giant party with our closest friends and family and I wouldn’t have had it any other way! + +- I opened my first (besides the one my dad opened) credit card right before we got married. I put his wedding ring on it, and paid it off (interest free) in a few months. + +- We had a 5 year plan. We wanted to have kids, and we wanted to buy a home. His credit was about 515 at the time, and mine was around 700, so I added him to my credit card so we could work on his credit for when we ultimately bought a home. We also needed to start thinking about a downpayment. From then on, we added to the budget line item “savings”. We had to cut some other things out to make room for it. + +- Around 26, I got a side job doing transcription work. I would wake up at 5am and do transcription work until I left for my full-time job. I’d also do it on my lunch breaks at work. It was dull work, but it pulled in quite a bit of extra cash. I continued doing this for three years. + +- We had our first child when I was 26. Thankfully, working at a private university meant I had amazing insurance and we paid almost nothing for the birth and care. CA has actual maternity leave, so I got 65% paid leave for 11 weeks. + +- Right before our son was born, we asked my grandparents if we could buy their Honda Civic. They were not able to drive, and the car had been sitting in their garage for about a year. It was well maintained. They didn’t want to let it go, and said no. Which was fine, I was still biking. We decided that we would use public transportation once the baby was born. A few months later, they came to us and asked if we were still interested. Ummm, yes!! They agreed to sell it to us for 10k. We gave them 2k as a downpayment and made monthly payments directly to my grandpa. We had two cars again!!!! (We paid off the first car before we bought this one, so we still only had one car payment. We paid this second car off in 2 years). + +- We couldn’t afford daycare on what we were currently making and planning on saving. My husband had been working swing shift - 4pm to 2 am. My schedule was the typical 9-5. I worked out with my boss to work 7-3:30 when I got back from maternity leave. My husband and I basically never saw each other - I would go to work in the morning, he would come to my work and we would switch off the baby in the parking lot, say hi, I would go home and he would go to work. It was super super hard. This worked until my son was 7 months, and my job suddenly told me that they would no longer accommodate my schedule. They gave me a month to transition back to my old schedule. Instead, I rapidly started applying to jobs and found another job before their deadline - a job that offered me $25.50 an hour!!!! (By the time I left this job, after 4 years, I was making $18.88). This was enough to cover daycare for the baby AND allow my husband to switch to day shifts. I couldn’t believe it. + +- The new job’s increase covered daycare pretty much +exactly, so we didn’t save anything extra. + +- We started talking seriously about having a second child, as well as taking the next step to eventually buying a home - moving out of state. I told my husband that if we did have another child, we had to do it while still living in CA, because maternity leave was paid and my new job had even better insurance than my old job. + +- I got pregnant again fairly quickly, and we had our second in CA, and I was lucky enough to be able to take 11 weeks of leave again. + +- When our second was 2 months old, a family emergency in UT meant we were going to move sooner than expected. We packed up and moved quickly, and moved into my in-laws’ basement with both kids + +- When we moved, we had about 30k saved for a downpayment + +- We both found new jobs within a month of moving, each making a little more than we were in CA, which has been awesome. COL is way cheaper here, so our money goes way further than it did in CA + +- I have been paying more than my minimum on my student loans for several years. I paid off my student loan this past March. It was pretty small compared to most (5,000) but I’m glad to have it paid off + +- We have now been living in UT since September, and we’ve been aggressively saving almost all of our money. We have paid for daycare, phone bill and insurance, and have helped out a bit with rent. All other money essentially has been going to the downpayment fund, which has been sitting in a high-yield-savings account since I found out about them last March. We’ve managed to save about 72k now, and are currently under contract on a 315k house and were able to put 20% down. Our mortgage is about 15% of our gross income, and we have set it up in a way that we’d be ok if one of us lost our jobs. We close on Monday and I honestly just can’t believe it. + +Some things that I think were key during our journey were the following: +- sharing a car for two years. This saved us in gas and insurance, as well as obviously the cost of a second car. + +- Working opposite schedules after the baby was born. It was super hard and pretty awful, but we had to do what we had to do. + +- Stepping out of my comfort zone to switch jobs. I’ve always read that the best way to make more money is to switch jobs, but it’s easy to become complacent when you’re comfortable somewhere and know all the ins and outs. But I was kind of forced into it, which ended up working well for us. I wish my husband had switched jobs at the same time, because he was getting promised raises and promotions that they never gave him, but it was easy work and he was complacent there. He now looks back and wishes he had asked for more or gotten a different job. + +- Never carrying a balance on credit cards. Once I learned how to use my credit card, I was actually making money by using the credit card for every purchase, paying it off every Monday, and using the points. + +- Saving up and paying for used cars cash after financing the first one. We had to sell the first financed car after my son switched car seats, because it didn’t fit anymore. We paid for a used car cash. + +- Working extra jobs/overtime. I worked side jobs to put extra money into our savings account, and my husband picked up overtime whenever he could. Since our budget was already figured out, all extra money went directly to savings + +- Budgeting!!! I cannot stress enough how important it is to know where all your money is going and figuring out what needs to be fixed + +- Having both kids while I had good insurance. This isn’t an easy thing to “plan,” but my current insurance is nowhere near as good as my old ones. Having a baby now would cost me like 7k, and I paid $200 and $250 for my first two. We probably would not have a second yet if I hadn’t fallen pregnant while working at my old job. + +- Living with my in laws for 9 months. This was not something I wanted to do, but it was essential for us in order to save up to 20% down. We paid minimal rent, so we were able to save like 80% of our income for our downpayment fund + +- Fixing our credit. It took a long time, but we both went from 520 credit scores to now in the 780’s. Our interest rate for our home loan is 2.99%, which is super low. And that’s what I was aiming for, years ago, when we started out on this journey + +- Getting creative for trips, date nights, etc. living on less didn’t mean that we didn’t have fun. I scour Groupon for date ideas, and combine deals with groupon’s 20% off codes. We found lots of free dates to do, like hikes in observatories or at-home paint nights. We did a road trip for our anniversary, and traveled for a week for like $200. I also sell things we don’t need anymore on fb marketplace, and put that into a ‘date night’ fund, which is great since it doesn’t come out of the budget. + +- Being willing to make sacrifices. There were concerts we didn’t go to. There were bachelorette/bachelor parties we had to say no to. There were nights where we went out for dinner with friends just to hang out, and didn’t order anything to eat. There were mornings where I worked 4 hours before my job, and nights where he worked 4 hours after getting off, so we could work toward our goals. We pretty much didn’t see each other for months because opposite shifts meant no daycare. I rode a bike, pregnant, in the rain, to get to work because we only had one car. These are the things you don’t see/hear about when people post their successes. + +- Moving to a lower cost of living area. Again, not an easy thing to plan. But we would not be able to buy a home in CA. + +- I could list all the obvious things, like meal prepping and not eating out, dying my own hair, etc. but those are things I think everyone talks about and goes over. While living frugally helps, I don’t think it will dig a person out of poverty. It takes lifestyle changes and huge sacrifices to do that + +I’m honestly in a bit of disbelief. Owning a home has been such a huge goal of mine since I was like 10, because I hated moving and changing schools, and I craved stability and wanted my kids to be able to live somewhere for longer than a year. It seemed really unattainable 8 ish years ago, and I was so down. No money, no credit.. I didn’t think homeownership was in the cards. But a lot of hard work and, lets be honest, time - because this took a lot of time and planning - made it come true. + +Hopefully this was helpful and insightful to some people. +OK, I appreciate anyone that has any input in advance, thank you. Just looking to be as smart as possible with our refund. We are married, two small kids. Run a very small photography business that is just starting, we are growing as slow as possible and not trying to acrue debt yet to make things happen with it. +We are also $7,380.00 in credit card debt at the time due to some medical and dental bills we have had to pay in the last couple years. +We owe $3,380.00 on a car. It is our only car payment and we aren't getting rid of any cars or getting any other cars anytime soon. The car has 16 payments left to be paid off. +We owe $7,380.64 on a credit card. The interest rate is 21.49% on this card. +We would really like to invest about $1,200.00 in our business to help with our next year as far as equipment goes. This is up in the air of course. Initial thought is invest the $1,200.00 on equipment, put the rest on the credit card. Keep paying the same amount on the credit card and pay it off as soon as possible. +I just need advice because I'm not the best at money. It is greatly appreciated and if I can ever help someone with a computer issue or photography question I would love to. +6000$ credit card debt with 19.99% interest, how do I get it consolidated efficiently? My regular income is 1,200$ a month and I have roughly 500$ in necessary expenses a month. My issue is with budgeting- making sure I stay within my means, not going shopping/eating out, etc. + +Do I take a personal loan / line of credit which has less interest? I tried balance transfer to another bank, but my credit score (approx. 660) isn’t enough to get a good amount of cash available on that card, so for example I’ll only be able to bring over 750$. No family or friend support, not receiving government benefits. + +What would you suggest? +My boss appears to be setting me up for termination after two very good years in a job I (used to) love +- Like many people, I'm house rich, cash poor +- I have no significant savings (long unhappy story) +- I work in a tech field in especially high demand after the pandemic for remote workers across the US +- it's never certain but I don't think it will take very long to land a comparable position (I'm already actively looking) -- maybe 3-6 months +- I earn very close to $100k +- I am debt free except for mortgage and car payment +- I WFH and keep expenses and spending to a minimum +- I have about $90k in equity in a 1500sqft 3br in a very quiet suburb of a very large sunbelt city +- I don't want to refi my under 3% 30-year fixed +- I have an 819 FICO and confident I'd qualify for a loan +- I am 3-5 years from full retirement age but plan to continue working while I am able +- If I am terminated, I will be unable to pay the mortgage +- I have no dependents + +So does it make any sense to get a personal bank loan ($30k? $50k?) with 5-7 year term to bridge expenses while unemployed? +- Without that loan I will lapse on mortgage payments almost immediately, damage my credit rating and lose a nice modest home I'd like to stay in. +- With that loan I could stay afloat, but I would come out on the other side with debt I would need to pay off, increasing my monthly expenses. +- Or I could wait and see if the termination happens, list the house on the market immediately when it does, and walk away with $80-90k cash but needing a domicile in a market where both rents and home prices have increases substantially. + +Anyone want to talk me out of it? +EDIT: When you factor in my federal loans, I’m putting over $1250 a month toward the payments, which has me \~220k in the red. + +**CURRENT NAVIENT UNDERGRADUATE PRIVATE SCHOOL LOANS SITUATION:** + +01 Signature Student Loan:Original Principal: $15,400.00Variable Interest Rate: 8.250%Current Balance: $17,951.14 + +02 Signature Student Loan:Original Principal: $13,000.00Variable Interest Rate: 8.250%Current Balance: $17,709.35 + +03 Signature Student Loan:Original Principal: $10,861.00Variable Interest Rate: 3.000%Current Balance: $11,100.79 + +04 Signature Student Loan:Original Principal: $18,129.00Variable Interest Rate: 2.875%Current Balance: $17,668.09 + +**ADDITIONAL NOTES:** + +* Original Loan Total: $57,390.00. +* Current Loan Balance: $64,429.37. +* Repayment Start Date: November 2009. +* Repayment Plan: Extended Repayment - Principal and Interest. +* I've made 132 payments and my total balance still hasn't gone down. +* I've never defaulted and pay the maximum I can afford, which is currently at about $450 a month. +* I estimate that I've paid Sallie Mae/Navient over $50,000 on the original balance but haven't made any progress. +* Interest rates on private loans are set by the lender. +* Estimated Payoff Date: November 2042. +* I'm now based in Los Angeles, California but the loans were taken out for a private school in New York, New York. +Hey, folks. I'm finally in a position to transfer \~$15k - $20k to a high yield savings account. Most online resources show 1.7% interest with no minimum balance and no fees. Any tips on where to go or how to select the "right" account? +Ill try to keep this as short as possible. I'm trying to get serious about my financial future at age 29. I wasted my early 20s and started to settle down around 25. + +I started a job in January, and my monthly net pay is 2500-3000 depending on OT opportunities. If I stay it this job for a couple years, I think the most I can make is 45-50k. + +I'm currently living at home, have 6k in the bank, and about 1700 debt on my car. I have one year, 160/month on it. The car is worth 12.5 and should run fine another 12+ years. + +I'm looking at apartments now, and ive been approved for one that is 850/month plus electric. Everything else is included. + +I'm worried that if I start renting now, ill never stop. + +I dont know much about buying a house. Im looking at going the FHA route, and putting 10% down on a house worth 150k-175k. Though, even in that case, if I could get a mortgage of 1k a month, I'm not sure i would be able to handle that, plus taxes, utilities other than electric, and house upkeep. I dont think I would ever be able to do that on one salary. + +Am I right to think that owning even a cheap home would either require a partner, or a significant raise? Is renting my best option? +If you’re sick of rolling your eyes every time you read one of the posts on this sub, then breathe a sigh of relief. This post is about the ONLY crypto in the market that is dedicated to mental health awareness and treatment. + +We all either know someone, or have been personally affected by a mental health problem. The stigma associated with mental illness has certainly gotten a lot better in the last decade, but we can all agree that it could be much better. + +Enter HappyCoin. + +Over $220,000 donated already to mental health charities. + +Daily communication through the community [Telegram](https://t.me/joinchat/r8ChT0DN36RkMjU5) + +Or on their [Discord](https://discord.com/invite/E6NkfacnSU) + +HAPPY is the best coin for you. Look at the roadmap on [thehappycoin.co](https://www.thehappycoin.co/) and you’ll see why. Doxxed devs are working hard, and keeping their promises. + +Tokenomics +With a charity wallet set aside from the initial supply, and an aggressive transaction tax distribution, $happy allows you to earn big as you hodl. + +Original supply +1,000,000,000,000,000 +30% Burned + +10% tax on transactions +5% Distributed to holders +5% Added to liquidity + +Profit from holding +We reward holders with a 5% transaction tax which puts $HAPPY directly into your wallet every time someone buys or sells. + +Charity wallet +5% of the initial token supply has been reserved. 2.5% will be invested into financing the project. The other 2.5% belongs to the charity wallet, which donates on a weekly basis. + +Contract address + +0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D +[I was browsing Reddit news and saw this article in 🏴‍☠️/worldnews.](https://www.reuters.com/markets/europe/vietnam-sacks-head-countrys-main-stock-exchange-over-wrongdoing-2022-05-21/) + +Although it’s not directly related to GME, it’s definitely related to the world’s financial system burning to the ground. + +TL/DR: +* Le Hai Tra, 47, was dismissed for "having committed serious violations and wrongdoings", the government said in a statement, without elaborating. He was also expelled from the Communist Party of Vietnam.* + +* A series of high-profile corporate arrests on accusations of market manipulation triggered a $40 billion wipeout for Vietnamese stocks and rattled investor confidence in the fast-growing economy.* + +* Vietnam on Friday fired the chairman of its State Securities Commission, Tran Van Dung, over the same accusations as Tra's.* (INSERT GARY GENSLER HERE!) + +[I’m editing because this comments need more exposure. sorry for those that clicked it first round as it linked to TD TOS in error instead of the comment. ](https://www.reddit.com/r/Superstonk/comments/uufnyb/head_of_vietnams_main_stock_exchange_fired_for/i9f06a7/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)Literally a possible connection to Mayoman. Hopefully someone has time to dig. Unfortunately I do not today. + +Decentralized banks, decentralized securities markets, here we come. And, we are on the ground floor!!! +🍁🦍 +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 💎🦍🖐🚀🚀🚀 +EDIT: The bank is [Hancock Whitney](https://en.m.wikipedia.org/wiki/Hancock_Bank). + +A month ago, I was able to make a purchase on Coinbase with no problem. Now, I am getting emails saying my order has been declined by my bank. My bank is blocking any and all cryptocurrency purchases because of the “*high risk of stolen information and identity theft.*” + +I called, and asked if I can still manually allow the purchase. They said they are not allowing it, regardless of my approval. + +What should I do? Is that even legal? Are banks allowed to “decide” what legal things I can and cannot buy??? +I recently got a job at Fedex paying $15.50 an hour, and pays $3 extra if I work weekends. If I work 40 hours a week, I could make $1,900 a month vs if I work say 50 hours a week, I could make $2,400 a month, 55 hours stretching it to $2,600 a month. My debt is composed of $2,486 in Pell Grants and I have paid off all other school fees. I do not have a car and public transit to places I'm most likely moving to is reasonable. +Healthcare wise, I'm currently on Medicaid although my job provides health insurance where premiums are 100% paid for by the company once I'm able to qualify. + +I do not have credit yet although I'm planning on opening a secured credit card by January, and attempting to start actively looking for apartments by June or August. I plan to save up 35% to 55% of weekly paychecks to save up for upfront costs plus set some aside for bills. + +Studio apartments in Chicago go on average $800-$900 a month with some costing as much as $650 a month or some decent ones for around $700 a month. Some include electricity paid for but varies obviously. + +How realistic would it be for me to be able to rent a studio apartment in Chicago with my salary? +Hi Everyone, Bob here. + +So here's a sneak peak into what you can expect to play with when you're done reading up on this quick educational piece: + +&#x200B; + +[2007 ETF FTDs SPIKE \(IWM\) 2008 housing crisis](https://preview.redd.it/red4kjuc1xc81.png?width=2943&format=png&auto=webp&s=e1b1003bcee0f95d2122908f328230789b54c0a3) + +And FTD Granular data: + +* [FTD ETF Data (unfiltered)](https://drive.google.com/file/d/1C7L3l8jnn7Q5opyPybgpdZL2m5BXjxo1/view?usp=sharing) +* FTD ETF Data with u/turdfurg23 [Allocation Weighting](https://drive.google.com/file/d/1CDFECaI-DXLXVXGlmEAFqhcBKzLjtO_u/view?usp=sharing) + +With it, you can see the fuckery. Observe: + +&#x200B; + +https://preview.redd.it/cdrqai293xc81.png?width=2947&format=png&auto=webp&s=eec816fdae8ee78e56714f44200091030c3aa86a + +&#x200B; + +https://preview.redd.it/lwp6610a3xc81.png?width=2945&format=png&auto=webp&s=fd7527c29f3050819ca6bc1886d07e65678e25c0 + +&#x200B; + +https://preview.redd.it/cv91bqna3xc81.png?width=2954&format=png&auto=webp&s=c6bd9a15af21bbfc8d8601e4fa0bd01cc530eb81 + +Just posting this resource to share. You can use tableau to access the data for yourself and poke around. + +Hoping more access to data for all apes will lead to more digging and more DD and more glorious things to read on GME. +This is the practice of being rich or wealthy but not telling anyone about it. + +Most all people here probably won't be "flashy" with their wealth, but have there ever been times where you've mislead people about how wealthy you actually are out of societal pressure or other reasons? +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 had been thinking of today’s $300 close as simply the outcome of yet another daily battle between the invisible forces of good and evil, if you will; a power struggle that we’ve seen countless times over the past several months. + +But when I think about it in the context of tomorrow’s GameStop shareholders meeting, today’s early spike and afternoon milestone closing price is more significant by what it says about GameStop’s progress from the jaws of defeat than about traditional supply/demand imbalances. + +Spikes and troughs in share price aside, the overall remarkable price trend this year should be “one for the books”, and today’s $300 close ends a significant (early) chapter in what undoubtedly will be studied by media, analysts, university students, and investors for many years. + +It’s too early to say whether GME’s phoenix and the emerging retail investor revolution associated with it is the start of a new paradigm in US and global retail investment strategy, or a unique anomaly that is acting as a catalyst for much-needed changes in the rule books and attitudes of Wall Street. + +Undoubtedly it has been transformative in shaping tens (if not hundreds) of millions of individuals’ thinking about their financial future. This isn’t a USA-centric change, either. People around the world in their millions have been affected and are affecting theirs and their communities attitudes to investing. + +“**Perception is reality**” is a 1980’s phrase created by political consultant, Lee Atwater. It means don’t worry about the facts; if you can get people to believe something it becomes a de facto fact. + +That’s profoundly true in GameStop’s case. It’s a credit to GameStop’s entire leadership team that they enabled and are executing a vision for the turnaround of a company that many expected to be gone by now. + +But equally so, it’s a credit to the many more unknown warriors (self-proclaimed “apes”) that have been inspired by the *idea* of GameStop, and have channeled their energies into discovering and uncovering the many forces at play that have threatened the company’s recovery, turning hope into strongly reasoned actions. + +Through unrelenting analysis and sharing of data and industry knowledge, critiquing, revising, and sharing theories, this relatively small group of off-Wall Street warriors has directly and indirectly bolstered the creation, enthusiasm and confidence of millions of new GameStop shareholders, creating waves of further support and cementing a now symbiotic relationship between shareholder and corporation. + +###The Invisible Enemy + +But many still consider this a battle that’s far from over for GameStop. Many powerful forces on Wall Street have invested and risked tens of billions of dollars to see their own antithetical vision realized, trying to drive yet another company into the bankruptcy grave and reap the rewards for their predatory efforts. + +And although this battle of the behemoths rages on, GameStop, and the growing hoard of increasingly knowledgeable apes have clearly shown that they’re up for the fight. And if knowledge is power, then the victors of this war may well tip the balance of power for the foreseeable future. + +Through a combination of organizational change, strategic realignment, social media engagement and investor relations, GameStop’s game plan has clearly been paying off as evidenced by shareholder confidence and a healthy share price recovery. + +Tomorrow’s shareholder meeting could not come at a better moment in this journey. With a fresh identity, strong investor support, and a wildly enthusiastic following on social media, GameStop is in the perfect position to take their game to a whole new level. +>But shielding children from the realities of everyday financial life makes little sense anymore, given the responsibilities their generation will face, starting with the outsize college tuitions they will encounter while still in high school. “It’s dangerous, like not telling them about how their bodies are going to change during puberty,” said Amanda Rose Adams, a mother of two in Fort Collins, Colo. “That’s how kids come out of college $100,000 in debt with an English degree.” Or not knowing how and why to start saving right away for retirement, or how to pick a health insurance plan. + +http://www.nytimes.com/2015/02/01/your-money/why-you-should-tell-your-kids-how-much-you-make.html +Hi everyone, + +I have made some tweaks to cFIREsim and thought I would [share them here](https://alistair-marshall.github.io/cFIREsim-open/), the code is [on GitHub](https://github.com/alistair-marshall/cFIREsim-open). The original is still available, linked in the sidebar (**EDIT** it seems to have died about the time I posted this). + +## What I have done + +### Added Allocation Strategies + +Initially you had the choice between no rebalancing, static allocation and a glide path. + +I wanted to know what would happen if you didn't rebalance, but saved the bond allocation to be spent during a downturn. Turns out this is called the omega not strategy. + +I have now added bonds first and Omega Not strategies (as well as simplifying the allocation logic and UI). + +### Filter years by CAPE + +What is the difference between retiring during a downturn and when stocks are high? + +Rather than looking at all previous years, you can now filter out years based on the CAPE in the first year. + +This way you can see how some strategies work depending on how expensive equities are at the start. + +### Other minor changes + +I have made a number of other minor changes including complete removal of PHP and server side code. The whole thing is now in the browser and nothing is sent to a server (including removal of adverts and Google analytics). If you want to save your simulation, you can download a JSON file to your computer and "upload" it again later. + +## What I haven't changed + +I haven't updated the market data, it only goes up to 2016. Should I add the extra four years? I am sure that the market equities and bonds data comes from Schiller's spreadsheet, but I don't know where to get the gold data from. + +I haven't updated any of the documentation or links in the header. I am sure big ERN's series deserves a link. + +I would love to be able to extend the dataset to include other countries markets and inflation, though that would be a huge amount of effort and I am not sure I have the time and motivation resources to spend on it. + +## What next? + +I have scratched my itch. I have answered the question I had at the start plus a couple of others that occurred to me when I was working on it. I could just leave the code to stagnate again. + +Is there anything else anyone wants changed or investigated? + +Should I completely rewrite the documentation to describe the project as it stands in 2020? Should the project get renamed to distinguish it from the original? + +I don't know. I would like to know your thoughts. +Dude the entire market is down and it’s going to continue to go down. Don’t pretend like you saw this coming, you got lucky and took profits so good for you. However don’t give the rest of us shit for not predicting massive sell offs. + +Also some of the advice people keep pushing here is only being said because you didn’t invest or pulled out right before the market started crashing. So not really advice being said for the greater good but only to make you feel better. + +Sincerely, +a CJJD and IDEX bagholder +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! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. +Has anyone looked at setting up a trust fund to leave inheritance for children and/or spouse in India? + +Somethings that comes into effect if I am no more and can be relied upon to handle the distribution of assets in a structured manner. + +Are there firms proving such services of Corporate Trustee? +Zerodha's website mentions 300 as AMC but I never paid 300Rs in last 2 years. Also, interestingly, my dad's account is charged almost double than my account (but still less than 300Rs). + +&#x200B; + +Do they charge on the basis of portfolio value. If yes, how ? +When a company announces any dividend distribution for stock holders it always comes with a expiry date, which means those who are holding the stock as on the said expiry date will receive dividends. +But what is the logic behind it? +It is basically saying "if you buy our stock within the expiry date then you stand to get a bunch of free money", right? Or a I missing something here. Or is it to simply drive up the stock price? + +I thought I'd share my simple life hack if you're ever faced with a long quote time on waiting to speak with someone. + +1. Write down the number selections when navigating through menu over the phone +2. Hang up once it puts you in line to speak with someone +3. Redial and select French (Canada) or Spanish (USA) +4. Press the number selections as if you're calling the English side +5. Start speaking English as all agents have to be bilingual + +By doing this I found that wait time lasted anywhere from 5 minutes to 10 minutes in comparison to 3 hours on the English side + +With more new investors entering the market, I believe the queue will become even longer as more people invest and using this will save some time. +You can check out the rule on the SEC website here: [https://www.sec.gov/rules/sro/dtc.htm](https://www.sec.gov/rules/sro/dtc.htm) + +PDF link to the specific rule: [https://www.sec.gov/rules/sro/dtc/2021/34-92379.pdf](https://www.sec.gov/rules/sro/dtc/2021/34-92379.pdf) + +&#x200B; + +Edit: I am but a smooth-brain Ape but I don't think this rule does anything meaningful after giving it a read. See specifically this paragraph: + +[Paragraph from SR-DTC-2021-013](https://preview.redd.it/v8qhc4am41b71.png?width=1039&format=png&auto=webp&s=82ccc33178058bb71e93945355bdee2db9c79d33) + +Edit 2: It looks like the NSCC has now proposed the same rule as SR-NSCC-2021-008. You can check it out here: [https://www.sec.gov/rules/sro/nscc.htm](https://www.sec.gov/rules/sro/nscc.htm) + +Edit 3: The FICC has also proposed the same rule located here: [https://www.sec.gov/rules/sro/ficc.htm](https://www.sec.gov/rules/sro/ficc.htm) + +Funny Edit: The bot I have running that watches for changes to the SEC rules webpages caught them forgetting which quarter we are in (They were probably more focused on PornHub than their own website). This change to the NSCC rules page happened after the new rule was posted today. Note that NSCC-2021-007 had been posted since July 7th, yet was labeled as Q2 until today after the rule today was also posted under Q2. + +&#x200B; + +[Red highlights are what showed before the update and green shows the update](https://preview.redd.it/bdvu8hwq02b71.png?width=1894&format=png&auto=webp&s=ce1d17e5fb97020be157a30eaf0b85ed17d214ea) +Insomuch as anyone can truly explain anything, why does this happen? I'm no veteran, but in the year or so I've been doing my own trades, I've seen this several times. (Most recently with $HOME, which is just now approaching its price previous to announcing earnings at the end of March, when by all accounts it crushed estimates.) + +Anyway, I just added 3 shares for a total of 16 (avg: $233.67). +As the title says, do they not realise how ridiculous they look and how laughable these 'journalists' and 'market experts' come across. + +It is clearly obvious what they all are and this past 2 days has just been hillarious. + +If they went to a university or reputable journalism school whoever gave them the degree should be ashamed of themselves, because at this point we can see they literally have no shame themselves. + +Buy the dip, hold the stock and enjoy the clown show. +So for a bit of background, I’m a young farmer on a smaller farm in WA. To cut a long story short, we don’t have enough scale to support the two families we have on the farm now and we’re in a tough area so we often find ourselves away working on other jobs to make ends meet. That’s fine and all but then the farm suffers and things don’t get done properly too so it can be a double edged sword. + +We’ve recently had some decent seasons and we were in a reasonable position to buy a block but land values have practically doubled in 3 or so years so we’re back at a point of un-affordability. + +We’ve also leased a lot of land in the past, but the issue is you have no control. We have been leasing a good farm for the last four years, but now that we’ve had a good season, the neighbour undercut us and payed more for it. It was all done around our back so we had inputs and machinery purchased to carry on, now we’re left in the lurch. + +My question to you fine folks is, could I attract investors to purchase land and lease it to us? The investors risk would be decoupled from farming risk as we’d be doing that part. Leases are typically 5% of land value as well…. + +The thought I had was a private equity raising in to something similar to a REIT so that we can buy the shares in the land asset over a period of time whilst paying a 5% lease from our farming business into it for distributions. Obviously the more of a shareholding we would have, the more of that distribution we could get back and invest back into it again so long as investors within we’re willing to sell. The issue with that would be the cost of raising through a firm. I’m open to any suggestions. I’m not looking to get rich, I just want to farm. +I live in the UK. I will be able to access my private pension from 55 (rising to 57/58) + +I plan to retire at 45 and live on 20k pa. To support this, I would need 500k going by the 4%rule + +However, if I have say 200k in savings accounts, and 300k in pensions, in theory that 300k is inaccessible for 13 years. As such for the first 13 years my funds are 200k, so the 4% rule would leave me just 8k per annum. + +How do I factor this in? Clearly if I was retiring 1 year before pension age, you'd say just group everything together. But clearly that changes at some point, as if I had 500k pension and 0k savings I wouldn't be able to retire early. + +How should I factor a temporarily inaccessible pension in to my retirement plans? +So I know this will probably get flagged and deleted for low effort but I'm genuinely curious, what is your favorite stock and why. Not necessarily what you are most bullish on or what you have most of but just your favorite. Mine is honestly probably SFT. It's the biggest in my portfolio and I'm really bullish on it. I also really like ZIM and idk why. There's a couple of others but I think you guys understand. +*Luke-Jr doesn't like paper wallets.* To this end, he has renamed/moved the official Bitcoin wiki for "Paper Wallet" to "Paper ECDSA private keys", making it confusing and difficult for users to learn what a paper wallet is and how to stay safe when making one. Meanwhile, he has created a brand new "Paper wallet" page in which he redefines a paper wallet as a Armory/Electrum backup of a HD wallet mnemonic seed, and says that these should not be confused with what you and I and everyone else calls a paper wallet. + +The other contribution Luke-Jr made to the original paper wallet wiki was to unlink my own service (bitcoinpaperwallet.com) from the wiki, his reasoning being, "*BitcoinPaperWallet was removed because it is a website for generating private keys*". As someone who has put a lot of energy into paper wallet education and generally helping the bitcoin community with paper wallet generation, I find this utterly baffling. + +I don't want to get involved in a revision battle here. Luke-Jr has already started that, reverting any changes I make to the wiki instantly. + +**If you have an opinion on this matter and you have bitcoin wiki editor privileges, please express it on the [discussion page](https://en.bitcoin.it/wiki/Talk:Paper_ECDSA_private_keys).** + +*Edit 1: you can also express opinions right here of course :)* + +*Edit 2: much of the discussion on this page is about whether or not paper wallets are a good idea, or if websites should be used to generate them. Can we at least agree that these pro/con arguments should appear on a wiki page called "paper wallets" so everyone can find them? If those arguments appear on a wiki page called "Paper ECDSA private keys" then nobody will see them.* + +*Edit 3: Gladoscc on the wiki has renamed "Paper ECDSA private keys" back to "Paper Wallet" as of 12:41 UTC, so you may be confused if you visit the wiki to see what all the hubbub is about -- unless his change has been reverted by the time you read this.* :) + +*Edit 4: Gladoscc's change didn't last for more than 24 hours before Luke-Jr re-reverted the changes, and then added in a confounding set of redirects in the wiki so that "Paper Wallet" redirects to "Paper wallet" which then redirects to his page on HD wallet mnemonic seeds. I cannot understand how this is supposed to help end users who want to learn what a paper wallet is (and why they're risky, and how hard it is to produce them in a safe way.)* +edit 3: For completeness, $QS CEO on Cramer's: +[https://www.cnbc.com/2021/04/16/quantumscape-ceo-mulls-legal-response-to-scathing-short-seller-report.html](https://www.cnbc.com/2021/04/16/quantumscape-ceo-mulls-legal-response-to-scathing-short-seller-report.html) + +edit 2: There is certainly some controversy going on on twitter rn, still reading several angles:[https://twitter.com/ScorpionFund/status/1382674505949188101](https://twitter.com/ScorpionFund/status/1382674505949188101) + +Scorpion Capital released a report suggesting that $QS might be a fraud scheme: + +[https://scorpioncapital.s3.us-east-2.amazonaws.com/reports/QS1.pdf](https://scorpioncapital.s3.us-east-2.amazonaws.com/reports/QS1.pdf) + +>"Key scientific and technical claims are misleading, grossly exaggerated, or fraudulent" +> +>" Scaling, manufacturability, and cost. Quantumscape’s prototype is not viable outside of a lab, even if the science was real. " + +Haven't gone through most of it even, but it sounds pretty darn grim. Plenty OTM puts, down already +7% pre-market. + +>Former employee #1 +> +>Q: “Have they solved the problems that have impeded solid state batteries for the last 50 years, which is what they're representing?” +> +>A: “Absolutely not. That much I can tell you for sure. The answer to that is absolutely not.” \[..\] +> +>Q: “Is Quantumscape going to have a product in a car in the next 10 years?” +> +>A: “Absolutely not.” + +..and more of the likes.. rough. Gee. + +&#x200B; + +Edit: not financial advice, obviously. +I'm still living at home, but I just recently landed a job paying a salary of $1000 a month(with occasional monthly bonuses) and I'm looking into maybe trying to move out within the next year. I've found a few decent apartments that are only $400-$500 a month, is the other $500 enough to support a single guy and a cat? I'm not in school and I'll only have about a twenty minute commute by car, but I've never lived on my own and I dont know what to expect from monthly expenses. + +I'm basically in need of someone who's lived single and frugal before and can give advice on how much monthly income I'll need for bills and food after paying for rent. + +**EDIT:** I wasn't expecting anywhere near this many replies, I'm reading as many as I can -- especially the big ones -- and taking all of them into account. As it stands now, I'm thinking about staying at home and saving 80 - 90% of my income (the rest will have to go towards gas and other necessities I won't ask my parents to provide) for about six months while looking for a second job. Assuming I find one, I think I'll be making enough to support myself and I'll already have a pretty comfortable safety net from the hardcore saving. + +Thank you all for your help, this is my future we're talking about here and I really appreciate everyone offering their advice to help me out. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Like title said, I am wondering if tech founders can usually land a soft acquisition and walk away with some cash without the need for a breakout success. + +Some of the numbers here are my guesstimates. I have a friend who co-founded a tech startup with another friend. Between different rounds, they raised $8M on $40M valuation. They would each own 40%. After 2 years of grinding away at it, they are shuttering it down. They managed to land a soft acquisition at around $14M. + +So is it true that after paying back the $8M investment, the two co-founders get to split the $6? So they walk away with $3M each? It does seem to derisk a lot more vs working at a big co. +Accounts like this one: + +/u/himadri-saha + + +Constantly spam posts from three sources, using vote manipulation to game the front page. + +All 3 of these sites are owned by the same person. + +They share the same ETH address for advertising: + +LiveBitcoinNews: https://i.imgur.com/EjAW8Rx.png + +Bitcoinist: https://i.imgur.com/REe4lRH.png + +NewsBTC: https://i.imgur.com/2gZrBZj.png + +Is this acceptable? I'd like to hear what the community thinks. + +/u/jwinterm is great at dealing with this but obviously stuff slips past. +I know most you guys don't want to hear this. But the past weeks and the coming weeks are one of those days where looking back you always wished you would have bought stocks. + +I don't need to tell you this. We have all seen every Buffet video there is on youtube. +"Blahblah be greedy when others are fearful etcetera." +But this is it. Right now you get value for your money. take a step back. in 5 years you think it matters if we had inflation or a little stand off in the Ukraine? Not even 9/11 or Vietnam killed the stock market. As always, dont invest your last shirt, dont invest everything you have today. Buy in pieces over the next days. timing the market is pure luck. +...and what if I am wrong. if the whole thing goes to 0. then who cares? money will be worth nothing if its in your account or paper of a non existing company. + +its the 66th correction. dont be afraid. this is great. + +https://preview.redd.it/uk449ge4knd81.jpg?width=955&format=pjpg&auto=webp&s=2cb93dc75be7df7a0e773660501c3d5e86d85a1c +(Reuters) - Nike Inc (NKE.N) on Thursday reported an unexpected quarterly loss - its first in more than two years - hurt by closures of department and retail stores due to lockdowns spurred by the COVID-19 pandemic. + +FILE PHOTO: A silhouette of a woman wearing a protective face shield and a protective face mask is seen near a Nike logo at a shopping mall on the first day after the government eased restrictions amid the coronavirus disease (COVID-19) outbreak in Jakarta, Indonesia, June 15, 2020. REUTERS/Ajeng Dinar Ulfiana +The footwear maker’s shares fell about 4% in after-hours trading. + +The wholesale business, through which Nike sells merchandise to other retailers, came to a halt amid the health crisis. That led to a 50% fall in shipments, increased inventory and higher costs due to order cancellations. + +As a result, gross margin fell 820 basis points in the fourth quarter, when company-owned stores and other retailers were closed for nearly eight weeks. + +However, Nike’s investments in its digital platform over the years helped it record a 75% rise in online sales, as many consumers shopped for activewear and sneakers from the comfort of their homes. + +Chief Executive Officer John Donahoe told analysts the company is now accelerating focus on its online presence, and expects its overall business to reach 50% digital penetration. Online sales accounted for 30% of total revenue in the quarter. + +“COVID-19 has shown that our strategy is sound,” Donahoe said. + +In China, where the virus was first detected, all of Nike’s stores are now open. Revenue fell 3% in the Greater China region, while they plunged nearly 47% in North America. + +Forrester Research retail analyst Sucharita Kodali said the Nike brand is still strong and China sales number is an indicator of what to expect in western markets and the United States as things normalize. + +“It’s not financially distressed ... It does not have the problems of other companies in retail.” + +Nike’s net loss came in at 51 cents per share and revenue fell 38% to $6.31 billion. + +Wall Street was expecting a profit of 7 cents per share and revenue of $7.32 billion, according to IBES data from Refinitiv. + +https://www.reuters.com/article/us-nike-results/nike-posts-surprise-loss-as-covid-19-hits-wholesale-business-idUSKBN23W3A4 +As we know that we are all zen at this point and see through the BS of the shills and can see it clearly from night and day. Why would they waste their time and resources here in this sub, am I right? + +Thus, why not shill the other subs that may not have the strong support in numbers like ours, especially those that are tightly close with GME. These are just a handful of the posts by so called "Apes" in the past 6 hours spreading FUD and trying to divide the LoopRing community from within. + +https://preview.redd.it/z3vokn6m58681.jpg?width=1554&format=pjpg&auto=webp&s=71bfdb7c7c146fb74fbdf527ee82ca23418e8a38 + +https://preview.redd.it/g938nx2n58681.jpg?width=1570&format=pjpg&auto=webp&s=8d474a1cb5538bb02519a9248955aab2c7c275ab + +https://preview.redd.it/dckdny2o58681.jpg?width=1566&format=pjpg&auto=webp&s=7af9dc614bb4d0266445b1a977d3f856eaad0b33 + +https://preview.redd.it/jb6qxvvo58681.jpg?width=1574&format=pjpg&auto=webp&s=76ebc2483d2fd7a6446ac3a4fe7b061bfce53d7b + +https://preview.redd.it/1qj5ivvp58681.jpg?width=1546&format=pjpg&auto=webp&s=03c406ff49e1b6f13c33f79952d7ab573aa4c949 + +**The shills even stoop as low by flooding useless comments on the public Github repo to not only piss off the LRC developers but delay the project further with nonsense. This is a GOLDEN RULE of what NOT to do in the tech/startup world. A PSA was needed to be made.** + + +https://preview.redd.it/sprko10u58681.jpg?width=1558&format=pjpg&auto=webp&s=5840e806755c9bc10ef60e00870601daba77929f + +**Earlier today, I made a post over there to boost up morale and of course, it got down voted by the masses, and the responses are just sad and low effort. They are not even trying at this point.** + + +[One of the tactics for Shills is to put out a strong aggressive statement and hold onto it without recourse and reason. In addition, why even mention that you are long on gme?](https://preview.redd.it/nl9mhqsw58681.jpg?width=1642&format=pjpg&auto=webp&s=4c9417b7ad225353909ea00331ae87a8efc8c5e6) + +I blocked out the usernames, yes even if they are shills, I do not want people to harass/bully them, we do not do that here. We are better than that. Apes knows better. + +But if any of these posts are from our own Superstonk members here, please stop. + +But like come on, right? Honestly, I know for a fact that none of you did this. We know better than this. We see through the BS. + +**So why are the shills doing this?** + +**Because the SHFs know for a fact that LoopRing's tech can further remove their useless role in society. This will not only change the game, but truly be a huge step towards a DeFi ecosystem. The hedgies existence is threatened to the core.** + +Moving forward, for those who are already over there, showing some of that real Ape love and support over to the LRC team would be great, as they are working tirelessly around the clock on the release. Please be respectful as we all know that we are with one another here. + +Apes Together Strong 🦍 +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 +Feeling a lot of sweet sweet schadenfreude knowing how ridiculous their task is. The mental acrobatics it is going to require to distort buying and holding stocks of companies people like into dangerous market manipulation is going to be insane. Good luck losers. + +Edit: + +A user in the comments mentioned that they get absolutely no joy from knowing this because it’s just so fucked up and scary that these villains are out there. That is a great point! I don’t mean to say that we are to feel joy from this situation and nothing but joy. I too feel despair, frustration, and anger. I also recognize that I can’t wave a magic wand and rid the world of financial villains in some quick, clean fashion. It’s going to be a struggle. It’s going to be a war. For my own sanity, I choose to celebrate small victories and I consider the frustration of my enemies a small victory. That’s all I meant by the post. + +Edit 2: + +In an odd twist, some willfully ignorant or malicious bloke decided to report me as at risk for self harm or suicide triggering that Reddit message checking to see if I’m okay or need help. I’m really glad such a system exists, but it was misused on me in this case. I feel weirdly obligated now to put it out there that I’m fine and have solid mental health right now. Absolutely no desire to harm or kill myself! I’ve never felt suicidal in the past, and I certainly don’t feel that way now. Happy as a clam. + +Edit 3: + +why tf do we consider clams happy? I mean I hope they are lol but why is that a phrase? + +Edit 4: + +Asked and [answered](https://www.reddit.com/r/Superstonk/comments/o2wrle/does_it_bring_anyone_else_incredible_joy_to_know/h2a0cos/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)! Thank you so much for the life changing lesson on clam phraseology. +I'll keep this REAAAALY short and sweet since most you guys have the attention span of a child on cocaine. + + +# There is one simple game that we're playing. +1. GME is heavily overshorted +2. Retail owns the shares they need. It doesn't matter if we own full float or nearly all of it. As long as the amount needed is more than what retail owns we're golden. +3. By holding you make sure the problems keeps existing +4. By buying you make the problem worse for them, and you increase the amount you potentially get paid out. +5. Hedgefunds will do anything possible to try and get you to sell. (They'll try to bore you, they'll make the price go up or down, sudden crashes, long slow burndowns. Expect it all.) +**6. If you understand that they have to cover at some point, there is literally no reason to look at the day to day price. They are VERY afraid that you guys will realize this.** +7. Once they cover, we will find out how high this thing can go. Could be anywhere, it depends on how the market reacts, how many of the float we own, how many get parties are buying at the same time. Depending on this you could get several times what you paid, or you could a MASSIVE payout. We are all hoping for the second and all DD we have shows us that we're right on track for it. Dont give u/Rensole shit . He doesn't KNOW, neither do the people claiming $1 million is a sure thing. It'll be worth the patience and time for sure, exactly how high we'll go is something we will have to find out. It's FUN. + + +# Why is not a lot happening now? +1. DTCC links a lot of large hedgefunds together. Our 'friendly' whale is connected through the DTCC to bears like Citadel. If Citadel pops, our 'friendly' whale is also on the line. Spoiler, they're not going to commit suicide to make you rich. +2. Rule changes have been proposed, and are currently partially implemented or are in the stages of approval for this to change. +3. Once they go through, there is action to be expected again. They're all hungry sharks who can't wait to eat eachother and we get to profit. + + +(If you want a more meaty explanation, read, understand and upvote this. [https://www.reddit.com/r/Superstonk/comments/mu9xed/why\_were\_still\_trading\_sideways\_and\_why\_we\_havent/](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/)) + + +# Why is it important to hold? +See I'm not a financial advisor. I eat crayons right? + +But holding means that the game is still on. As long as there are not enough shares available to cover, this has the potential to be epic. + + +If you get bored, if you start chasing other 'memestocks', if you start doubting, if we start fighting and arguing and you sell, then we have a problem. + + +This is literally the easiest thing you've ever done in your life. Buy, and hold. +Nothing more... if you believe in the company and the stock ofcourse. Again I'm not a financial advisor. + + +# What if the squeeze doesn't happen? +The squeeze will happen, unless a LOT of people would take financially unwise decisions and sell. + + +However if it doesn't happen, will we be bagholders? No, very low chance of that happening. + + +Shares outstanding : 70 million. +Value currently per share : $160 +Market cap : $11.5 billion + + +This is shit. It's way undervalued when looking at the massive changes in strategy that are coming. + + +For example Chewy has a marketcap of $35 billion, in a MUCH smaller market than gaming e-commerce. + + +**If we would assume that GME would only be partially succesful in their transformation and that they also get 'stuck' at a $35 billion market cap, that would mean $500 per share. Still more than anyone paid average, so not a big risk to be a bagholder. You literally have no reason to sell from an investment perspective.** + + + +# Read, UNDERSTAND and upvote this DD +[https://www.reddit.com/r/Superstonk/comments/mu9xed/why\_were\_still\_trading\_sideways\_and\_why\_we\_havent/](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/) +There are hundreds of thousands of people who are wondering what is happening with their money and Mt. Gox has not answered most media inquiries in months. You could probably do a lot of good right now by telling the real story. Email me: robert_mcmillan@wired.com +Update: if you're an insider at any exchange and want to talk, please drop me a line. +Update 2: My PGP Key. https://gist.github.com/robertmcmillan/9235942 +I am very privacy-minded and actively work to keep my name out of any records that tie it to my address/email/phone/etc. The one area that I haven't resolved yet is that my full name is listed in real estate records and therefore gets propagated to spam lists, people finder sites, etc. What are ways that you have mitigated this issue? + +1) I use a trust, but my name is still attached as a grantor/trustee so it still makes it into the record. Did I miss something easy here? + +2) Yes, I know about LLCs -- do you have specifics on recommended jurisdictions/entities/structures or non-obvious pitfalls of the approach? +Curious how others in this community have balanced lifestyle spending (explained below) while ensuring you’re saving enough to hopefully Fat FIRE by your 40s? + +I work in finance and make decent income for my age (based on metrics I’ve seen from WSJ, etc.). My question that I hope others here might be able to opine on is how to not fall into the lifestyle upgrade spending trap I’ve seen many others fall into. I’ll define this below. + +Lifestyle spending: going to dinner with coworkers, friends, dates 3-4x a week with tabs that are $300+, expensive car leases, country clubs, designer clothing etc. + +I don’t care for luxuries really or all of this unnecessary expense, but people in my industry (finance) generally socialize with those who dress well, eat at nice restaurants frequently, or are members at expensive social clubs / country clubs. + +How have others avoided falling into this lifestyle “trap” while still nurturing and building connections / relationships with those who do or that come from a lot of money? I hate spending a few thousand dollars a month at restaurants or playing a round of golf for $200+ when I really only do it to make connections and get closer with folks I work with or are potential clients. + +Hopefully this makes sense and any advice on how to balance this or to be tactical about it would be much appreciated. + +Some background information: +-currently 26 years old +-net worth ~$500k (all liquid / ~90% invested) +-rent ~$2k a month (don’t plan on buying RE) +-current income ~$400k a year +-base case income by 30 (unless things go very south health wise or personally / recession) should be ~$750k +-up side case income by 30 ~$1-2M a year (potentially more if fund performance is solid) +My cofounder (36) and I (50) received an offer from another SaaS company in our industry to buy our product for 3x ARR cash (no earnouts, walk-away after Day 1), to be paid in in 3 yearly installments. As a brief background, we are bootstrapped with ARR is sub-$5m, growth is at 30% yoy. We respectfully said no, but decided maybe we may get a better offer if we hire an investment banker. We received recommendations from our network, but we were deemed too small for these M&A firms. We ended up hiring a small boutique firm, which may or may not be our worst decision. + +After 6 months on the market, we received 3 IOIs and 1 immediate LOI from a strategic (publicly traded SaaS co). The LOI we received was 3x ARR cash with 2x ARR earnout based on hitting sales revenue. Our advisors (former SaaS founders and Buy-Side Corp Dev folks) think the offer is too low and strategics tend to pay higher than norm. Advisors think 10x was the 2021 average, but now, it may be around 6x-8x due to upcoming recession. Therefore, we said NO. Potential acquirer is pissed since they admitted our IB disclosed to them that the lowest we were willing to get is 5x, which they *think* they are offering. To us, they are paying us 3x ARR with maybe money of 2x ARR, which we have no control over so therefore, we may never get. We are also pissed since our IB disclosed the low end of what we are expecting and acquirer is pissed because they are offering us what IB told them we would take. They said thats their final offer. + +Since we are not getting a reasonable offer plus we feel like our IB sold us out, we are highly considering walking away. + +There’s so many points of contention including calculation of net working capital, key employee retention (will be taken out of our proceeds), and no discussion of founders compensation yet. + +Unfortunately, we hired B players (M&A attorney handed us over to a junior) and the strategic is very savvy and aggressive. We know we are only sub-$5m ARR, but our advisors all say we are getting a very low offer especially from a strategic. However, we do not want to be greedy as well. + +Any input would greatly be appreciated regarding the following if we were to move forward: +-Reasonable annual compensation for founders +-Should we expect retention bonus as part of the package? +-Any referral to experienced but reasonably priced M&A attorney and tax accountant? +-Asset sale vs equity sale (we have very little assets, but we have a negative capital account. Current tax atty thinks asset sale is better). + +We are very close to pulling the plug, but want to get other people’s opinion esp. other founders and tech folks who have been in this position. +Recently received an inheritance, Im 21 yrs old and wondering what seems to be the most optimal way to allocate this windfall for future growth. + +Currently a Candian university student, planning to attend law school, i am quite frugal. + +The windfall consists of 2 SFRs in Toronto, and smaller retail units (1 house is rented out, retail units have long leases running, as well as mutual funds worth around 550k - Total Asset value is around 2.2m, no loans on anything currently and i live in one of the houses. + +What would you do? +Worried I’m going to be over the limit. Just moved to the UK recently. + +Is there a software you’d recommend? Company is paying for an advisor to do my taxes but would need to make annual elections for the pension contributions in a month and want to run some scenarios. +I feel like I’m missing something so this is probably a dumb question. + +I can sell stock and access cash within three business days. Are emergency funds only for people who have all their savings tied up in retirement funds? (Or people who don’t have savings) + +I’ve never had an emergency fund but emergencies have happened and I’ve been fine using my credit card for daily expenses and selling shares to pay my mortgage. + +Edit: Awesome discussion y’all! I feel so much more knowledgeable on this topic that I’ve been curious about for a while. Thanks! +Federal Reserve officials have been surprised at the pace of inflation and indicated at their last meeting that they expect higher interest rates to remain in place until prices come down, according to minutes released Wednesday from the central bank’s September meeting. + +In discussions leading up to a 0.75 percentage point rate hike, policymakers noted that inflation is especially taking its toll on lower-income Americans. + +They reiterated rate hikes are likely to continue and higher rates prevail until the problem is showing signs of resolving. + +“Participants judged that the Committee needed to move to, and then maintain, a more restrictive policy stance in order to meet the Committee’s legislative mandate to promote maximum employment and price stability,” the meeting summary stated. + +Officials further noted that with inflation “showing little sign so far of abating … they had raised their assessment of the path of the federal funds rate that would likely be needed to achieve the Committee’s goals.“ + +The meeting happened ahead of a recent flow of data showing that inflation pressures do remain elevated, though not at the pace they were earlier this year. The Fed’s preferred inflation gauge of consumer price expenditures rose 6.2% from a year ago – 4.9% excluding food and energy – in August, according to data last week that was well above the central bank’s 2% target. + +A report Wednesday showed producer prices rose 0.4% in September. + +“Participants observed that inflation remained unacceptably high and well above the Committee’s longer-run goal of 2 percent,” the minutes said. “Participants commented that recent inflation data generally had come in above expectations and that, correspondingly, inflation was declining more slowly than they had previously been anticipating.“ + +Members of the rate-setting Federal Open Market Committee noted at the meeting that the economy needs to slow to get inflation to cool. They lowered their projections for the economy, expecting GDP to grow at just a 0.2% annualized pace in 2022 and just 1.2% in 2023, well below trend and big drop from 2021, which saw the strongest gains since 1984. + +They said inflation was being driven by supply chain problems that were not limited to goods but also stressed to a shortage of labor. + +However, officials also expressed optimism that policy would help loosen the labor market and bring down prices. Officials have said lately they don’t expect rates to stay high until inflation comes all the way down to 2%. + +“Participants judged that inflation pressures would gradually recede in coming years,” the summary said. + +The meeting concluded with the FOMC approving its third consecutive 0.75 percentage point increase, taking benchmark rates to a range of 3%-3.25%. Markets widely expect a similar-size increase to be approved at the next meeting in early November. + +Officials did note that they see a point coming when the pace of rate hikes at least will decelerate, though they did not put a time frame on when that will happen. + +The minutes said FOMC members noted it “would become appropriate at some point to slow the pace of policy rate increases while assessing the effects of cumulative policy adjustments on economic activity and inflation.“ + +They said that time would come after the fed funds rate had “reached a sufficiently restrictive level,” after which “it likely would be appropriate to maintain that level for some time until there was compelling evidence that inflation was on course to return to the 2 percent objective.“ + +The summary of economic projections at the meeting pointed to a “terminal rate,” or end point of rate increases to be around 4.6%. Markets expect the Fed to hike into early 2023 then keep rates there through the year. + +Source: [https://www.cnbc.com/2022/10/12/fed-minutes-october-2022.html](https://www.cnbc.com/2022/10/12/fed-minutes-october-2022.html) +If you're one of those Blockfolio junkies, and check your shit every six seconds, I can tell you right now that 2018 is going to be a really rough year for you. + +The whales are manipulating the market as much as they possibly can right now, because they know regulations are just around the corner, so you can expect them to bull-trap it along until they come. + +With that being said, the best thing you can do, is to find the coins and tokens you love, invest what you can in them, which means no margin trading, and just leave them the fuck alone! + +Day trading is a losing mans game, especially in this market with no regulations, shitty exchanges, and $100 transfer and commission fees. + +Oh, and one last thing, for the love of Satoshi, please do not take any advice from the paid shills on the front page of this sub-Reddit. +Hi r/ausfinance, + +We are having a Christmas giveaway! + +In a very generous gesture, one of our sub members has kindly donated four $50 booktopia giftcards. These giftcards will be given to four (4) winners. + +To enter, all you need to do is comment below which personal finance book you would like to purchase & read, and the winners will be chosen next Friday lunchtime (18th) by the mod team. + +Good luck and Merry Christmas! +Hi r/ausfinance, + +We are having a Christmas giveaway! + +In a very generous gesture, one of our sub members has kindly donated four $50 booktopia giftcards. These giftcards will be given to four (4) winners. + +To enter, all you need to do is comment below which personal finance book you would like to purchase & read, and the winners will be chosen next Friday lunchtime (18th) by the mod team. + +Good luck and Merry Christmas! +Looking to be a first time buyer after my current tenancy ends. + +I'm just wondering, is it possible to delay the move in and start date of a mortgage so you can finish your tenancy in your current place? We obviously would want to avoid paying rent and mortgage at the same time. Not sure how it works really. +https://www.google.co.uk/amp/s/schoolsweek.co.uk/confirmed-teachers-starting-salaries-will-rise-to-30k-by-2022/amp/ + +Starting salaries for new teachers is to increase to £30,000 by 2022. It’s not been confirmed what rises existing teachers can expect. Thus there could be changes to the pay scales, so those at the top end miss out on the 26% pay rise new starters will be getting. + +Teachers get a good DB pension with 1/57 accrual rate with Schools contributing 23.6% and teachers paying in between 7.4%-11.7%. +A teacher earning £30k will earn £526pa pension, having contributed 8.6% of their earnings in that year (£2580), meanwhile school contributed 23.6% (or £7080). +Thus you can deduce that teachers starting on £30k salary will have a total package of £37k, if you’re including the employers pension contribution. + +Teachers work 195 days a year (39 weeks). We know they work 60 hour weeks and work for most of the holidays. But isn’t that similar in most careers? That you work long hours. + +So are teachers well paid? + +Wanted to get a discussion going on what are your general thoughts on teachers pay, pensions, holidays etc. + +Edit: Also to add, does it get easier being a teacher? After a couple of years, you not only would be able to reuse your resources and lesson plans from previous years, but you generally get faster and more confident and more efficient at doing the admin and planning tasks etc? +Utility American Water Works Company (ticker: AWK) has recently enjoyed a cash tax rate of 0.1% and has brought in a pretax profit of $1.1 billion on average in the past three years. Its peer, [Ameren ](https://www.barrons.com/market-data/stocks/aee)(AEE), has had a 0.1% cash tax rate and pretax profit of $1.1 billion, as well.  + +Advanced Micro Devices (AMD) has had a 1% tax rate and average pretax profit of $1.8 billion.  [Nvidia **NVDA** **–1.18%** ](https://www.barrons.com/market-data/stocks/nvda) (NVDA) has had a 4.7% tax rate and average pretax profit of $4.8 billion.  [Broadcom ](https://www.barrons.com/market-data/stocks/avgo)(AVG) has had a 6.8% tax rate and pretax profit of $6.8 billon.   + +[Apollo Global Management **APO** **–0.79%** ](https://www.barrons.com/market-data/stocks/apo) (APO) has had a 5.1% tax rate and pretax profit $2.3 billion.  + +[Ford Motor **F** **–0.46%** ](https://www.barrons.com/market-data/stocks/f) (F) has had a 4.3% tax rate and pretax profit of $4.93 billion.  [Tesla **TSLA** **–6.63%** ](https://www.barrons.com/market-data/stocks/tsla) (TSLA) has had a 5.3% tax rate and pretax profit of $2.3 billion.  + +[Amazon.com **AMZN** **–1.24%** ](https://www.barrons.com/market-data/stocks/amzn) (AMZN) has had a 9% tax rate and pretax profit of $25.4 billion.  + +[Salesforce ](https://www.barrons.com/market-data/stocks/crm)(CRM) has had a 3.1% tax rate and pretax profit of $1.6 billion.  + +These companies are candidates to see lowered earnings from higher taxes.  +(I'm offering an early aplogy as this post got longer than I expected. I just really needed a place to put this and I really love and appreciate this thread 🥺 As well as I am writing it on mobile so again, many apologies for any unintended errors.) + +For context, I operate a YouTube channel that for the latter part of the last year or so I have been sharing my adventures of what I recieve from my local food pantry. I found that many people in my everyday life were pleasantly surprised when I shared stories of what my pantry is able to provide and I really wanted to start showing people what food pantries really have to offer and if they are in need of food to PLEASE seek out as many local services as possible. + +In this time I have found that for whatever reason, I have found that people somehow think that because I need help, I am no longer allowed to have complaints. + +I visit 2 different locations once a month and I absolutely love the ladies who volunteer for my closest location. I am also IMMEASURABLY grateful for the service and this is a sentiment I repeat over and over in each video. + +As is par for the course, not everything I recieve is in pristine condition and I will make my own comments on when something like produce needs to be prepared right away or maybe a few select need to be thrown out entirely. Onion with some bruises? Just cut 'em off. Found a small spot of mold on the bread? Sorry, that can't be saved. That kind of stuff. + +Second, I often end up with surplus ingredients and occasionally make comments on how I'm tired/running out of ideas. (During the winter holidays I at one point acquired like 25 lbs of sweet potato from one visit because that's all that was in the boxes. Not a lot of volume, but potatoes are heavy lol) + +Comments: You should be grateful! - Not everyone has anything to eat. - You should've left those for someone who needed them. + +If I say anything about an ingredient I'm unfamiliar with or I'm not a fan of. I should apparently just stop going because I can't appreciate anything. + +Finally, the one that gets me the MOST heated, is if I at ALL mention that I spent money on any household category (including food) I again no longer need the service. + +Comments: So you had money to visit your family, but still need free food? + + +Why do people feel the need to be like this? There are certainly plenty of wonderful people who leave comments like recipe ideas, thank you's for sharing, and so forth. They certainly wash away the rude ones by a landslide. I think I just finally needed a place to vent. + +Thank you for taking the time to read this and I hope you have a lovely day/evening. 💝 + +TLDR: Apparently, if you don't unconditionally grovel with gratitude, some people believe you're unworthy of help and you should just get a job. +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. +Hi everyone. + +So a few days ago I bought a moisturiser at Boots using Apple Pay, but have decided I no longer want it — I found it cheaper on Amazon. + +I went to the store with my receipt and the item, but the cashier refused to refund me because I “didn’t have the payment card”. + +The issue is that the Boots receipt says the “payment card” ends in (for instance) 1234, but my ACTUAL Visa card ends in (for instance) 5678. So, of course, there’s no match. + +However, the receipt says “1234” because my Apple Pay “Device Account Number” ends in 1234, not my card. + +I explained to the cashier that it’s my Apple “Device Account Number” which ends in 1234, hence the receipt (wrongly) shows that the “payment card” ends in 1234, and I even showed her this number in my Apple Pay settings. I also showed her the Visa card which my Apple Pay is linked to. + +She still refused, citing the need for my card to match up with the receipt. But of course, I don’t have, and have never had, a card which ends in 1234 — because it’s my Apple Pay which ends in 1234. + +She also said tapping my iPhone on the card reader doesn’t count as verification. + +So I don’t really know where to go from here. It’s not my fault that the Boots receipt is wrong (it says my card ends in 1234, not my Apple Pay number) and it’s not my fault that they (seemingly) don’t have a protocol for people returning items paid for with Apple Pay. + +Does anyone have any advice as to what I should do? Thanks very much. +Hello, everyone! + +Yesterday, I saw a post on r/london where a person needed a single ticket from Reading to London. + +However, they realised that a return ticket (Reading to London and then London to Reading) cost just 10p more. + +A ticket from London to Reading would cost almost £20 normally. So he decided to buy the return ticket, even though he didn't need it, and leave the return portion on a pay-phone, so that someone else could have a free journey. + +Isn't that nice? + +We should all do more things like that. + +And I thought about it. + +What about the tickets you have spare? + +The non-refundable tickets you purchased, only to realise that you don't even need to make the journey? + +Think of all the money we could save together, while also pointing a middle-finger at our rail companies for their rapidly-rising ticket prices. + +It's time to fight back, everyone! + +r/FreeUKTrainTickets + +Join us! +&#x200B; + +[GME Hourly candles - Primary \(i\) blew past standard .382 \(red oval\) and shallow retraces, reaching all the way to the .618 extension of I from II. This should be considered an early indicator that Cycle III will likewise be extended beyond standard Fibonacci extensions for an impulse wave. Primary \(ii\) retraced beautifully to the .618 target, allowing for calculations of upcoming impulse waves in light blue. Timing should NOT be inferred with label placements.](https://preview.redd.it/jj1h5c56dy471.jpg?width=1515&format=pjpg&auto=webp&s=35da2452a03962ef9488a91201da3979d471f23f) + +\~\~\~\~\~\~\~\~ + +**PREFACE:** + +**If you are new to my posts, please read this FIRST...** + +This is an analysis of GME stock price movements using Elliott Wave Theory. To learn the basics of Elliott Wave (EW), please visit [r/ElliottWaveTrading](https://www.reddit.com/r/ElliottWaveTrading/). I also recommend the book *Elliott Wave Principle* by Frost & Prechter (link in that sub). While Elliott Wave is great at predicting price targets in the most probable coming scenarios, it **does not make timing projections**. Wave development can occur over long periods of time or in just a few candles of the chart (as witnessed in JAN and MAR for GME). + +EW can be useful for the investor in many ways, especially if seeking to buy, and looking for the next most probable **dip (discount** in the share price); it can provide **clarity in moments of chaos** to aid the observer in understanding likely next moves within a trend or countertrend, avoiding blindness/guessing, among many other uses. It may build **stoicism** and be easier to avoid paper hands **if the dip you encounter was expected**. Knowing something may be coming, and what it may look like, is often less distracting that being blindsided. + +\*\*REMEMBER THIS\*\*... I AM NOT SAYING SELL, I AM NOT SAYING BUY. I AM NOT SAYING DAY-TRADE THIS. I am not a financial or trading adivsor, and this is not financial or trading advice. I am simply offering my opinion of market movements of GME. + +**Reading My Charts:** + +*There are a few differing sources for the correct way to label the degree of waves. Some require circles, some double parenthesis. I have settled on this for my waves, and it will be handy to reference this if my charts are to make any sense.* + +* Supercycle: (I) - (V) may take months or years to complete. + * Wave (I) took nearly 20 years. Wave (II) may have only taken a month. +* Cycle: I-V may take weeks or months to complete +* Primary: (i)-(v) take days or weeks to complete +* Minor: (1)-(5) may take hours or days to complete +* Minuette: i-v may take hours to complete +* Micro: 1-5 may take minutes to hours to complete +* Miniscule: ((i))-((v)) may take minutes to hours to complete + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +**Weekend Update** + +Last weekend I updated that it looked like there was the potential for a peak and serious retrace. A review of how the Primary Wave (i) impulse off the May Low developed up from $136.59 provided greater clarity. While it was clear there were SEVERAL impulses to the upside that confirmed the major corrective action of Cycle Wave II had indeed concluded, understanding EXACTLY where price was in the unfolding early stages of Cycle Wave III was a bit of a challenge. + +You see, once a major wave such as Cycle Wave II completes, the first subwave of the next leg of the Cycle impulse *usually* targets the .382 extension of I from II. Again, according to Elliott Wave, we take the full distance covered in Cycle Wave I, from where Supercycle (II) ended at $38.50 to where Cycle I peaked at $347.50 ($347.50-$38.50 = $309 distance traveled), and project that up from the base where we have confirmation of Cycle II completing... $136.59. The .382 extension of I (again, $309 x .382) resides at $254.63. When Primary Wave (i) of Cycle Wave III started with a completed impulse on 5/18 at $189.20, I knew that probably wasn't all of wave (i)... it did not reach the .382 extension. And the following retrace did not reach the standard for a wave (ii), which would be .618 of wave (i). + +&#x200B; + +[The impulses were there... but it just didn't 'feel' like a 3rd wave... because it wasn't!!! Primary \(i\) hit the .382... but something was off.](https://preview.redd.it/i46h0k75my471.jpg?width=1515&format=pjpg&auto=webp&s=02ae6a16b8dae2ef3a93d52fc981049f5d3becd6) + +So I kept watching... and standard impulse projections were being hit quite frequently (see my String of Pearls section in my previous write ups about the May projections being hit one after another). Then an impulse that crested the .382, but another shallow retrace. Each subsequent impulse was followed by a shallow retrace. I even thought those retraces must have been sufficient, and believed wave (i) had completed at three different peaks... then It happened... a dramatic rise that reminded me of a special contingency in Elliott Wave theory.... + +**When a Third Wave Extends** + +Wave One of a third wave has two likely targets: the standard fib already mentioned is the .382, but Third waves are dramatic, and most often, the largest of the three impulses in a five wave move. In an **Extended Third Wave**, an early indicator is when the first wave surpasses the .382, blows past the .500 and reaches all the way up to the .618 extension of 'one' from 'two'. That is, as an extension of the larger degree first wave completed, as projected up from the larger degree second wave. In this case Cycle Wave I and II had completed with the March High and the May Low. When Cycle Wave III began, it's first wave then could target either the standard .382 OR the .618. However, as the wave developed, the first candidate wave (i) never hit the .382, and it's retrace was shallow. As the wave reached higher and higher, at no point was there a wave (ii) retrace down in the standard .618 retrace of (i). Each retrace was very shallow. I even stated last weekend that if wave (i) and (ii) were already in, and this was indeed Primary Wave (iii) already, it certainly didn't feel like it. No rip-your-face-off impulse to the upside.... yet. AND... since no standard wave two retrace after hitting the .382... was it possible this was an extended Primary Wave (i) reaching for the .618? + +**Skyrockets In Flight, Afternoon Delight** + +Then it happened. Tuesday afternoon, 6/8, a major spike sent price up to reach the .618 at $327.55, surpassing that and hitting $343.00 before turning back down. As soon as it did I zoomed out and saw it. Indeed, this looked like a new top for Primary Wave (i), and in private chat I confided that a major impulse wave like a Primary is followed by it's major corrective wave. At that time I gave a target of $220 and refined it before the market opened Wednesday to target $215 for Primary Wave (ii). + +&#x200B; + +[Monday afternoon chat with the epiphany that Primary \(i\) had extended to the .618](https://preview.redd.it/6gdgvid0ey471.jpg?width=1242&format=pjpg&auto=webp&s=96f77d963d867fb701e969679cbfc30c42df474f) + +&#x200B; + +[Tuesday morning at market open... $215 retrace target established. Friday morning GME hit $206](https://preview.redd.it/o8e6s39fey471.jpg?width=1242&format=pjpg&auto=webp&s=ca4d26bb1d339077860b9d660d05e5b8c3bc65f8) + +Wednesday through Friday, all I saw were post after post of 'hedgies' this and 'hedgies' that. Perhaps. And I have had many question if Elliott Wave applies to 'such a manipulated stock'. I even had someone question if EW was only good at upside targeting, as they had never seen accurate downside projections (see above). + +After what many called a bloodbath, GME reached my downside target and struck $206.39. Many of those with whom I am in a private chat with kindly acknowledged the precision and stoicism this forewarning provided. What some would call a crisis was merely an expected bump in the road for many of us. + +&#x200B; + +[Primary Wave \(i\) finally completes, with confirmation after Primary \(ii\) retraces the full .618 standard retrace](https://preview.redd.it/1f2uslipmy471.jpg?width=1586&format=pjpg&auto=webp&s=61a024428e23fca9ef49da3d21573e31f3ad7468) + +**Tribe Called Quest -** + +IF Primary Wave (ii) has indeed completed after reaching the standard .618 retrace, THEN I expect Primary Wave (iii) to get underway, developing in five-wave structures beginning with Minor Wave (1) of (iii), which should target the .382 extension of (i) from (ii) at $289.85, and wave (1) should itself subdivide into five waves as it develops and reaches toward that target. If those waves develop as expected, then the target for wave (3) of (iii) is $417.41, and all (iii) should reach a range between $445.59 and $540.36, the 1.0 extension of the larger degree wave I from II, and the 1.618 extension of the same degree (i) from (ii), respectively since wave (i) extended, so should (iii). Remember, however, if wave (3) extends, its first wave may be an early indicator, and once again we may see a first wave reach for the .618, which would raise all impulse targets in the ensuing waves. + +Are we finally getting the dramatic, fabled, oft revered "3rd of a 3rd"... in this case Primary Wave (iii) of Cycle Wave III? If we get those impulse waves to the upside with nominal retraces, then very possibly. + +Longer Term Targets Still Intact (not invalidated) - + +* (iii) of III UPDATED - at the 1.000 extension of I from II = $445.59; + * $540.36 as 1.618 of (i) from (ii)... EXTENDED IMPULSE IN EFFECT +* III of (III) - at the 1.000 extension of (I) from (II) = $520.12 +* (III) - at the 1.764 extension of same degree waves (I) from (II) = $850.23 + +Here is a taste of where I think we are and where we are headed. + +&#x200B; + +[Primary Count = Bullish; Wave \(iii\) setup to begin... if no further consolidation or downside in Primary \(ii\)... which we saw plenty of in late March and April as Cycle II drug on and on and on. BUT THIS is now likely a '3rd of a 3rd of a 3rd'. Specifically starting the subwaves of Primary \(iii\) of Cycle III of Supercycle \(III\).](https://preview.redd.it/k1f46bgzmy471.jpg?width=1515&format=pjpg&auto=webp&s=23de32619a34cbbe9736f7406c144c081762b4e1) + +&#x200B; + +[Extended Impulse targets - I believe GME just completed a wave \(ii\) retrace after wave \(i\) extended to the .618. In this graphic, pink 3 is Primary \(iii\), red iii is Cycle III and the red V a the top completes Supercycle \(III\). Timing cannot be inferred... just price targets as the waves unfold.](https://preview.redd.it/bdx5vg5bly471.jpg?width=1380&format=pjpg&auto=webp&s=b2ab1052e8eb0c778a407cdb4dc6e7ac86a4b785) + +**But, what if...** + +Any further downside would need to be analyzed for incorrect read of impulse in (i), OR a possible deeper wave (ii) exceeding the standard retrace. Major support lies at $136.59, which is the currently labeled start of Primary Wave (i) in Cycle Wave III. + +I have no reason to believe we will see more downside immediately, since we have reached the deepest usual target, .618. Cycle Wave II had reached its target, and languished sideways in consolidation and wedges for many weeks. Be prepared for that if the impulses in Primary (iii) don't materialize immediately. + +\~\~\~\~\~ End Weekend Update \~\~\~ + +**Big Picture** + +* I believe we have started Cycle III, with Primary Wave (i) and (ii) likely completed. +* Cycle III must subdivide in five Primary waves: (i)-(v), each likely taking weeks; + * which would each need to subdivide in five Minor waves (1)-(5), each likely taking hour or days; + * which would each need to subdivide in five Minuette waves i-v, each taking hours; + * each subdividing in five Micro waves 1-5, each taking minutes to hours. + +>*Recall that when upcoming waves are projected from the larger degree 1-2, they are guideposts of what to expect, but the more accurate projections come from the calculations of the subwaves as they develop in that wave degree. Once wave (ii) completes, and we have confirmation with a new impulse in wave (1) of (iii), then I can more accurately calculate projections of where (iii) \[and then naturally (iv) and (iv) also depending on their subwaves\] will complete. Remember - targets may extend if prior subwaves develop with extensions.This is again just one theory of technical analysis (and the most accurate I've seen). It is prudent to consider this may be how it plays out, even if hopes are for this to get thrown out the window once we moon and circuit breakers start trippin' etc. Until moon, I am left with leveraging my understanding of human psychology en masse and how it is reflected in price in the markets. Elliott Wave analysis infers it may be possible.... Diamond Hands are earned, not given!I am so excited for this. Of course if the circuit breakers trip and I get a MOASS instead, I'm sure I'll be just fine.* + +\~\~\~\~ end of Big Picture \~\~\~\~ + +**Really Big Picture: Major Waves Completed (aka How Did We Get Here?)** + +* I believe Major Waves (I) and (II) are in place (January High and February Low, respectively) +* I believe we are in major wave (III), with Major waves I and II in place (March high and April low, respectively) +* I believe we are in wave III, with wave (iii) underway +* I believe we just completed wave C of (ii). C completes (ii), but too deep (below $136.59) and this impulse invalidates. +* Longer Term Targets Still Intact (not invalidated) - +* (iii) of III UPDATED - at the 1.000 extension of I from II = $445.59; $540.36 as 1.618 of (i) from (ii) +* III of (III) - at the 1.000 extension of (I) from (II) = $520.12 +* (III) - at the 1.764 extension of same degree waves (I) from (II) = $850.23 + +All of these targets are subject to recalculation as subwaves develop. Subwave target calculations override projections from fibs of larger waves completed, but finding confluence at those fibs is great confirmation. + +I realize the MOASS could just blow these labels up and force me to use the double parenthesis-bold-capital Roman numeral ((I)) etc for a degree beyond the current (I-(V). I hope we get that chance. It will be glorious to bust out that gigantic crayon. Word. What is very likely is that once artificial means are employed to satisfy a short squeeze (e.g. circuit breakers; DTCC forced purchases to resolve a defaulting member) then EW targets cease to be effective, and will come back into play once selling of shares occurs on the backside of the squeeze.) + +\~\~\~\~\~ + +**\*\*Housekeeping Reminder -\*\*** Label placements should not be inferred as 'timing' projections. EW does not espouse 'when', just likely 'where' price targets are hit before turning back up or down. Labels are placed on the chart for general ease of visualizing how the wave may develop at price points. There are some great analysts that post Bayesian Timing targets, but I have not seen any doing so for GME yet. + +\~\~\~\~\~ + +**TL;DR** \- + +Primary Wave (i) extended to reach and surpass the .618 fib, which qualifies this as an 'extended' beginning to a third wave, Primary (iii), which will likely raise targets as the wave develops. Wave (ii) retraced the full .618 Friday as projected, surpassing the $215 target when reaching down to $206. If Primary (ii) is complete, then Primary (iii) should subdivide in five waves, with Wave (1) targeting $285.24 (itself dividing into five waves on it's way to $285). Primary Wave (iii) target between $445.59 (1.0 extension of larger degree wave I from II) and $540.36 (1.618 extension of same degree wave (i) from (ii)). Further downside not likely, but possible, if Wave (ii) continues consolidation/wedge development like Cycle II did after reaching targets. Major support lies at $136.59, which is the currently labeled start of Primary Wave (i) in Cycle Wave III. + +\~\~\~\~ end TL;DR \~\~\~\~ + +**TA;DR -** + +Got the big rest I needed after reaching up so high (third highest branch I've ever reached). So now that I've rested, I may be ready to start swinging for those REALLY high branches. With enough early momentum, I can get there quickly... just need to get a good grip on the first three branches as I start swinging up. Still a really strong branch below if I go down any further. From this branch, I could easily start swinging much higher into the higher branches, with little rests along the way. + +\~\~\~\~ end TA;DR \~\~\~\~ + +H4HU - EWApe/HODLer/ 🦍🖍🌊💎👐🏼 /I Like The Stock! I am long GME. I have never sold short. + +To learn the basics of Elliott Wave, please visit [r/ElliottWaveTrading](https://www.reddit.com/r/ElliottWaveTrading/). + +PLEASE NOTE: + +* This is not financial advice, I am not a registered broker and this is for entertainment purposes only. +* Past performance does not equal future returns, and all equity investments entail risk. +* The views expressed are the views of the author, and opinions expressed in the text belong solely to the author. +* The views expressed are solely the author’s approach to investing in this specific equity. +If you haven't seen the news today, several large recession indicators have been ringing alarm bells in the last few weeks. (I'd like to leave the politics out of this discussion, please.) + +So, what can low-income people do to prepare for a recession? Is there even anything we can do, or do we just hold on as best we can and try not to fall further behind? +With the recent increasing trend of women signing up to Only fans to spread their cheeks for tendies.....I've been noticing from the hours I spent researching through videos on scholar websites (pornhub, xvideos, brazzers..etc) that more and more women are using buttplugs and I would imagine the same for OF. Now hear me out, with more women purchasing buttplugs, we could also safely presume that 25% of this sub owns a buttplug from the recent gains and downtrends that can cause a man to go crazy and shove something up his ass for protection. For an inspiring investor like myself where can I purchase stocks that creates buttplugs? +$FRAT is now live on Pancakeswap!!! + +DeFI Dom who is Crypto/Defi YouTuber and web developer is launching his own token that provides access to a platform for the crypto community with DEX and tools to users who are holding the token. + +I found out about this project since I am his subscriber and I happen to like his videos specially the Shitcoin Sunday segment. You definitely want to check out his Youtube channel as he also have lots of ideas on the defi space, moonshots and potential gem tokens. + +This is not your typical pump and dump token. It is a project with a vision and an actual platform behind it, so this may be a good long term hold rather than a quick swing. Please do your own research! + +Here are the links you may want to checkout: + +How to invest: [https://www.youtube.com/watch?v=PKdxl4kyjp0&t=74s](https://www.youtube.com/watch?v=PKdxl4kyjp0&t=74s) + +Dom's twitter handle: [https://twitter.com/DefiDom](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbEhEcGplWFROQ2JESFdrLWNOWXZPa0JTUkN3Z3xBQ3Jtc0trMkF6aFNYNVpCMlRlQnR2c21GVmJvM205RG13dzAtbUlrd1JFNnVSYXNwaml2c292RWVCdmhIZnJRTWlPeEZBQjBqNThNZ1d1dU0ydkptbTVQcFdqVmJyQ0lnZTZVczg0ZjhDSTQ3d0Rub1hoSW5wdw&q=https%3A%2F%2Ftwitter.com%2FDefiDom) + +See more details about the project on the $FRAT website, and get your presale tokens: [https://fr.at/](https://fr.at/) + +Telegram discussion group: [https://t.me/joinchat/nJ7EdlL1ndczZTI0](https://t.me/joinchat/nJ7EdlL1ndczZTI0) + +Please watch his videos about the token and read the front page of the website before you APE in. + +See you on the $FRAT platform :) + +&#x200B; + +Chart: [https://poocoin.app/tokens/0x7352eebeda1ff0e625452cc27d811a88216243fb](https://poocoin.app/tokens/0x7352eebeda1ff0e625452cc27d811a88216243fb) + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7352eebeda1ff0e625452cc27d811a88216243fb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7352eebeda1ff0e625452cc27d811a88216243fb) +Hey everyone, I'll try to keep this short. + +Finishing up residency soon with $50k in the bank and $320k (6% interest rate) in med school loans. I'll make ~$196k post-tax next year. I spend $3k/month now and live comfortably as it is so I do not plan on dramatically increasing lifestyle until after another 2-3 years or so. Age 29, no wife, no kids. + +I was thinking of putting $100k/yr towards loans and using $50k for savings/stocks/lifestyle creep. Does this sound reasonable or should I be even more aggressive with paying things back? + +EDIT: Thank you all for the replies, sincerely. I will refinance my loans ASAP and pick up the white coat investor. +*NB I use "financial discipline" as a shortcut term for expense tracking/budgeting/a general awareness of where one's money is spent and in what proportions.* + +My girlfriend and I are on opposite ends of the financial awareness spectrum. She was however inspired by my "[Frugal February](/r/Frugal/comments/2xo9hq/frugal_february_or_how_i_cut_every_penny_of)" experiment and has decided to try it for herself in March just to see what happens. Since she has never tried tracking her expenses and thus doesn't really have a decent idea of where her money goes already, I think the impact may be diminished for her. + +She is allergic to spreadsheets, YNAB, and the like - the micromanaging is just anxiety-inducing for her whereas I thrive on those thrills. What alternative tools can I point her towards that will help her visualize her spending (and that preferably don't involve manually-entered transactions and endless categories)? Does anyone have any experience with [Level Money](https://levelmoney.com), for example? + +EDIT: Cue the classic "holy shit this thread blew up while I was away and now I have hundreds of comments to read" line. Thanks for the responses! +She recently sold a cabin and the money is in a checking account. She has investments already in mutual funds and she’s asking me about investing in precious metals and possibly real estate. She’s 82. Can anyone here give me a starting point or some ideas? thanks +There was a post yesterday on Green.Energy looking like they may be in trouble, so I checked that they weren’t my provider (similar name) only to discover they went bust last week too. + +Here is OfGems advise: + +[https://www.ofgem.gov.uk/publications-and-updates/ofgem-protects-customers-failed-suppliers-green-network-energy-and-simplicity-energy](https://www.ofgem.gov.uk/publications-and-updates/ofgem-protects-customers-failed-suppliers-green-network-energy-and-simplicity-energy) + +and here is money saving expert advice : + +[https://www.moneysavingexpert.com/news/2021/01/new-supplier-revealed-for-green-network-energy-customers/](https://www.moneysavingexpert.com/news/2021/01/new-supplier-revealed-for-green-network-energy-customers/) + +As of this morning I’m now with EDF. I’m presuming as I’m in a new tariff, my first point of call is metre readings, but where do I send them? The advice seems to be to wait for EDF to contact me regarding what the new contract is before switching, but why am I waiting that long? Just to ensure EDF don’t muck up the switch over? +Hey guys, I apologize if this is the incorrect place to post this. + +So I have an interview at a big bank this week for a risk management internship. I know someone on the inside and they basically told me I would be working heavily with data, data manipulation, and managing/comparing it to the companies risk appetite. When I asked specifically what I should know for the interview I was only really told to have a firm grasp on Access and strong analytical skills. + +I do not have any previous experience with risk management (and little with Access) so I am a bit nervous. My questions to any of you willing to help would be: + +What aspects of Access should I really have down? + -ex. Commonly used functions in risk management + +Is there anything I can bring to the interview to show that I know what I am doing such as past work (ex. stock pitch perhaps to prove analytical abilities)? + +Any general information/advice. + +I appreciate any help you are willing to provide, + +Thank you +As someone who enjoys reading financial news from many different sources, I constantly find myself opening 5+ different tabs to surf through my favorite sites. I tried to find websites that solved this problem, and while there were a few (like streetsleuth), they were not organized well. + +I wanted to solve the problem and learn a little as well, so I spent some time over the last month building a very simple, bare-bones website to aggregate RSS headline feeds from my favorite financial websites (no worries, I follow RSS terms of service to the "T"). Built it with Bootstrap and hard-coded mostly everything. + +Anyways, I know the layout is still probably really shitty and there are tons of things that could be implemented, but I wanted to throw it out there and see what you all thought. I built it thinking it could help avid financial readers like myself, so I hope it serves that purpose. + +I would love any and all feedback as well. Some things I plan on doing in the near future (if people actually like the site): + + +1) Integrate with wordpress + +2) Add a blog section where I list daily articles from various sources + +3) Run a weekly spotlight on one independent blog (after all, who can honestly say they know every one of those blogs I've listed so far?) + +4)Eventually... develop this into something like jockspin, with the most popular feeds displayed first, and user customization of feeds as well.... + + + +Thank you for taking the time to read this post - it honestly means a lot to me. + +www.leveredged.com +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. +Yesterday's post on mortgage recasting was great. We did that on our most recent mortgage to good effect. + +But what if you are nearing FIRE and plan to buy your forever home outright? + +There is another mortgage approach you can use in this situation. Yes, a mortgage, even if you don't plan to carry a mortgage. + +Negative Mortgage Points, or, Selling Points to the Lender: [https://www.investopedia.com/terms/n/negative\_points.asp](https://www.investopedia.com/terms/n/negative_points.asp) + +Normally people buy points with cash at closing to reduce the rate. With negative points you're receiving cash at closing in exchange for a higher interest rate. If you are buying a home that you intend to own outright, you can use negative mortgage points to have the bank pay your closing costs, and then pay the mortgage off soon after. + +To do this you should **verify there are No Prepayment Penalties!** You want to be in a mortgage you can pay off whenever you want. + +When we bought our downsize FIRE home we had 3 main purchase goals: + +1. Overlap with our previous house to make the closing/moving process less stressful. +2. Own the new home outright soon after closing so that down the road we could more likely use the ACA subsidy. +3. Minimize costs and taxable account churn (didn't want to liquidate assets and incur capital gains). + +To do this we talked with several banks. The two we went furthest with were Ally and Bank of America. Both offer (or did at the time at least) negative points mortgages with no prepayment penalties. We made it clear with both that we planned to retire early and pay off the mortgage (all true, but we didn't discuss timelines), and they expressed no concerns with this. In the end we used Bank of America. + +The negative points gave us >$4000 toward closing, leaving a small three-figure sum that we paid. There are some rules - you can't pocket cash, and I think some costs may have been unable to be paid with this credit. Non-lender-related closing costs were about $2500. So we netted almost $2k vs closing with no mortgage. Edit: And after accounting for mortgage interest paid, our overall net savings were about 2/3 of that. + +Downsides? + +* A home purchase with a mortgage is a lot more hassle since you're dealing with a lender. And the lenders who we found that offered this were big banks, which can be a pain to deal with. +* You have a higher interest rate, so if you change your mind you have higher monthly cost. But it will be a while before the benefit of up-front cash is negated by that difference in interest rate. So an extra year or more carrying the mortgage isn't a big deal. + +This worked out well for us. We had a nice overlap of the two homes, and then paid off the new mortgage with funds from the sale of the old house. We had that new 30 year mortgage for less than 3 months. + +In the end it didn't end up being our forever home. After a bunch of appreciation plus the pandemic we decided to make a change after only a few years. For that next step we up-sized just a bit for more WFH/SchoolFH space, and wanted a mortgage again. That early payoff of the previous mortgage didn't hurt us in shopping for a new lender at all, and this is when we used the recast for another low-stress move. +For example: [https://www.cnbc.com/2020/02/28/global-stock-markets-have-lost-6-trillion-in-value-in-six-days.html](https://www.cnbc.com/2020/02/28/global-stock-markets-have-lost-6-trillion-in-value-in-six-days.html) + +Where does this money go? How does this happen to have the stock market suddenly lose trillions of dollars? + +As a follow up, what would happen to the stock market if the Treasury stopped issuing new bonds (let's say it issued a final amount that the Federal Reserve bought just so the government could make outstanding interest payments). +Bernie Madoff, PFOF, Citadels conflict of interest, Robinghood turn off buy button, daily MSM propaganda. + +GME shorted 140% and did not close (SEC filing) + +Wirecard faking their balance sheets and go from DAX (Germans biggest list) to bankruptcy within weeks. + +Overstock having to issue crypto dividends to get rid of toxic shorts. +Pharmacy companies suing shorts for distortion to not go bankrupt. + +The list can go on and on. + +Now the whole FTX scandals and who knows what kind of fuckery this will bring to the surface. The market is completely fucked up and yet here we are. Still only 200.000 people with a purple ring figuring this whole shit out. + +Fucking pathetic + +I will never ever sell my DRSed shares because of this. Never. +Imagine you are a hedge fund / market maker / bank / Wall Street exec etc. in late Jan 2021. The buy button was turned off and everything plummets. You're all patting yourselves on the back thinking retail is gonna capitulate, those amateurs always do. They will cry, there will be a show hearing with Congress about how "corrupt things are" and it will all be buried under the rug in a few months. + +Except, that's not what happened. Sure paperhands disappeared but from there the diamond hands were formed. The apes were born. But from then on, every time they tried to get apes to capitulate things got a little worse. + +The March flash crash, LMAO try again. Earnings dips? Nope. The slow gradual bleeding of the price? Apes continued to buy. Oh but it doesn't stop there. Naked shorts yeah? Cellarboxing? Swaps? Tracking Kenny's plane? + +You mean to tell me these peasants are GASP learning about the market? Quick tell the MSM to print "Forget About Gamestop" headlines non stop for nearly 2 years now! Tell them they are responsible for teacher's pension funds going bust! + +Oh but it gets worse... Apes discovered a little something called DRS. Uh oh. The true share count, and the way to pull stocks from the DTC. Now it's time to try and spoof the DRS numbers! Ha that will show them! Oh wait, that didn't work either? Apes already are doing math to try and figure out how things were done? Ortex? FTX? Is it just me or are apes learning faster, and are they... laughing? + +On a side note, do you know why zombies are truly terrifying? Is it the want to eat your flesh? Yeah that's part of it but honestly cannibals already exist in this world. Is it how they look? Well yeah, if I saw something with half it's face chewed off and rotting walking towards me, I would get scared too. But that's not the most terrifying reason. Is it the thought of becoming one of them? Oh that is definitely not a pleasant thought but no not the reason I had in mind. + +It's because zombies can't feel pain. See people have a pain tolerance beyond which they back down. People are familiar with using pain as a means to control others. Zombies do not have such a weakness. They just keep coming. + +And sure go for the head you say. Okay but zombies travel in hordes. Literal fucking hordes. Take one down and 30 more will take its place. That's what is scary. + +They cannot be reasoned with. + +But now just imagine a legion of very angry apes. That no matter what you throw at them. They just grin and slowly every so slowly keep marching forward. Zombies can be killed but the apes... Everything you throw at them makes them just a bit stronger. Oh and their ranks are increasing too. They are learning, adapting and testing what your weak points are. + +Even after 2 years of some of the worst inflation in generations, fucked up supply chains, soaring costs, shit wages etc. No matter what, the resolve isn't breaking... There's no escaping the apes. Not at all. +Conceptually I understand that the long leg "covers" the short leg, as in it will always be worth more. What I'm wondering is how the actual mechanics work. + +For simplicity, lets say I have a calendar spread on DAL, strike price $22, and underlying goes to $25. I'm short 1 weekly contract worth $3, and long a monthly worth $6. Let's assume my account has a cash balance of $2200, just to make sure the replies address the crux of the issue. Lets also assume the cash, short call, and long call are the only 3 things in my account. + +If the short leg gets exercised, i will be responsible for providing $2500 worth of DAL in exchange for $2200. Will I have to actually sell my long leg for $600 and buy the shares to cover the trade? Or will my broker automatically exercise my long leg? In the event that they do, what happens to the $600 premium the long leg was worth? +Good morning! I'm new here and have been reading and learning as much as I can and I think I am finally starting to understand it all (I was brand new to options just a few months ago). I read the FAQ, watched some videos (Kamikaze, etc.), and have been reading posts daily to try to educate myself. I've set aside a few hundred dollars in my brokerage account and would like to get started. + +I realize that the amount of my account is quite small, so I was hoping to crowdsource some ideas of how to get started from ThetaGang. Any help or input is appreciated! + +Edit: I have a separate retirement account that I may do some wheeling in later on, but for now I want to cut my teeth with this other account just to learn what I'm doing and hopefully build up more funds to play with. +I think 2023 leaps are out Monday. Is anyone planning on buying? What are you after and why? I’m thinking about getting some OTM calls and selling shorter term calls against them. +I'm paper trading and I was thinking about strangles and straddle, what could go wrong in these cases? + +&#x200B; + +Let's make same example ... to understand + +0dte straddle, buying call and put same strike price, let's say near a big event.. how can I lose? + + hypothetically the price went up 15 points, on the put I just lose the premium and profit on call.. right? + + +instead with strangles, buying call and put with 10 points from itm, I basically lose if stock price go sideway or theta kill those options.. (im asking) + +what exp date are better for both strategies? + +thank you guys! +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Want to start a new trading strategy by selling approx 0.2 delta IC on SPX everyday unless there’s a major market-moving events. Has anyone here had any success with this strategy? I’ve been monitoring both SPX intraday movement and VIX during the last couple months. And I think that the market will move a lot slower than before for the rest of the year. Please criticize me. +I go back and forth between which I like more. Getting paid for having cash or getting paid to sell at a profit? Tough to decide, but the premiums seem a little juicier on the CC side. Plus the dividends. Thanks to this whole sub for showing me the way. +When selling puts, what are your thoughts on taking assignment vs rolling out? I have been wheeling for awhile and I either take assignment on the shares or roll them out. I typically take assignment of the shares and cover call them but I have been experimenting with rolling out as well. And I am starting to think rolling is more efficient than taking assignment. Especially on the capital where short puts are less capital intensive than carrying the shares. +It probably depends more on the market as well where in a bull market, taking assignment and riding the shares up is better but when market chops around like it is doing in tech sector I feel like it's better to roll out. +I'm interested in hearing what others think in this group. +Thanks + +Edit: so I forgot to mention, but I am doing this on a level3 options account. So I am not restricted to csp. So in my case options take up less BP than holding shares +I've been selling a lot of covered calls on GME lately and have netted some pretty good gains but I'm also pretty comfortable just taking a few hundred bucks profit and calling the play done. I'm just not sure if selling and re-buying flags me as a pattern day trader the same way buying a position and selling it the same day would. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Wondering if I should prioritize adding more stocks into the wheel system as my portfolio grows or should I just start adding more contracts per transaction on the stocks I'm already wheeling? (Assuming they're still viable stocks) + +I don't want to go all in on one stock by any means but if one is performing well for me should I start wheeling more contracts on it or find another stock to startup? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep bragging to a minimum; remember every dollar you make is a dollar someone else lost. +Is the best possible outcome for your shares to be assigned 1c in the money, then for that price to hold until Monday at open and sell for that same price? + +Example: PLTR 24 put expiring at the end of this week (8/20). If the price closes at 23.99 you'll be assigned. If the stock then opens on Monday at the same price you can sell those shares for 23.99, of which the cost basis is something hopefully quite a bit lower (maybe $23?). So you'd get the premium for the put and you'd also make some cash from the selling of the shares. Is this the best possible outcome? I know it's quite rare but in terms of max gain this would be a good outcome. + +Edit: I clearly need to run though some more scenarios and actually do some math on each. Thanks! +I understand that delta can be seen as a rough calculation of the chance that a contract will close in the money however I also know that IV will affect delta of a contract. + +I’ve noticed when a stocks IV shoots up to 150-200%, there will be close to ATM or even right ATM puts that will have less than 30 or even 20 delta. So we know with this high of IV, the less accurate the delta is as a percentage chance of closing in the money. + +So my question is around what percentage of IV is optimal to use delta as an indicator of probability of profit? +I want to make money so I could pay for college after I graduate in 4 years. What should I invest in? And what brokers should I use for a slightly long term investment (4-6 years)? + +I'm back, and have some interesting information for my fellow ETF lovers. + +A follow up from this post: [Can someone explain how Vanguard wholesale funds vs ETFs work in regards to VDHG, growth and dividends?](https://www.reddit.com/r/AusFinance/comments/94o6w7/can_someone_explain_how_vanguard_wholesale_funds/) This was a post about why the wholesale mutual find equivalent of VDHG had a much higher distribution than VDHG yet having the same returns. + +So two months after my first email to Vanguard which didn't seem to make it, I followed up on them again, and they had this to say: + +>In the managed fund, the entire fund is one pool of assets whereas in the ETF the fund is made up of baskets of assets that are created as more ETF units are required. Due to this, the ETF units tend to have **lower turnover due to trading** which may result in **lower capital gains** and therefore **income being distributed**. The return is therefore retained as growth instead. + +It took me a while to understand this, but after some googling, it kind of made some sense. + +**Why funds have higher turnover and therefore capital gains** + +>…if other investors in the mutual fund decide to sell, or redeem, a substantial amount of shares, the odds are the fund manager is forced to sell part of the mutual fund's holdings to have sufficient cash to pay for the shares being redeemed. This selling of portfolio holdings most likely results in some level of capital gains being realized, and those gains are then passed on to fund shareholders who are liable for the taxes due on the realized gains. + +*From Investopedia:* [*https://www.investopedia.com/articles/investing/090215/comparing-etfs-vs-mutual-funds-tax-efficiency.asp*](https://www.investopedia.com/articles/investing/090215/comparing-etfs-vs-mutual-funds-tax-efficiency.asp) + +**Why there is higher income being distributed in funds** + +>At the end of the year, funds are required to distribute any net realized capital gains to their shareholders… + +[*http://mutualfunds.com/taxation/mutual-funds-higher-capital-gains-distributions-this-year/*](http://mutualfunds.com/taxation/mutual-funds-higher-capital-gains-distributions-this-year/) + +&#x200B; + +So there you have it. It's probably better buy ETFs over managed funds due better the tax implications. +I know it really depends on income, location, lifestyle... But still curious what is considered reasonable for a single person to spend on food and groceries each month. + +For myself, I live in an inner suburb of Melbourne and spend around A$400 on dining out and A$400 on groceries. + +Edit: A simple summary and statistics after 31 data points (City initial if indicated). + +800M +450S +300M +750 +400 +600 +400 +1600 +500 +290 +545S +450 +700S +600 +900 +1500 +650M +400 +450B +350B +300B +425C +750 +600 +1000M +2000 +560 +350 +400S +400 +600B + +Mean: 646 + +Median: 545 +Just looking for some advice. I’m saving to take my family (me & 3 kids) to Disneyland and Canada for Christmas 2025, so 4 years away. I have $6000 saved thus far and it’s just sitting in a bank account earning shit interest. Any suggestions of what to do with it to earn a bit more (must be secure) Also maybe somewhere that I can add to it as I save? + +Any help would be greatly appreciated! +Got a new job and am finally catching up on bills/life. I have $5.24 in my account, but my direct deposit hits tonight and I won't lose $35-70 for the first time in months (often going negative hundreds for rent/car etc...) + +Now trying to save as I have to apartment hunt in 2 months... +I lived in public housing as a single mom while my kids were little, worked two jobs, but I only made a little over minimum wage and it just didnt go very far. But our apartment was safe and I had an ok car. Ten years later I had a turn of luck and got a scholarship for trade school that covered tuition, books, and some living expenses. I still had to work a lot, but now I had moved out of public housing, bought a nicer vehicle, and managed to build up a bit of a savings account thanks to some more luck of getting into a matched savings account program. We still got some assistance, but things were looking a lot better. We were not just barely scraping by anymore. My goal was to get off all assistance and my big dream was to buy a house. + +Then I met my husband and got married. Our household income now is about double the average where we live. Things should be great, but it seems like things are tighter now than ever. I have less money for groceries than I would get in food stamps and constantly stress about food. We have private health insurance, but we cant afford to pay for copays and our medical bills are in collections. I cant afford to help my now adult daughter with college, but our income disqualifies her for aid. We have two cars, but both have almost 200k miles on them and we cant afford repairs. We own a house, but one of the kids accidently broke a window and it's been sitting broken for over a year, cause no money to fix it. It really sucks and I'm almost angry about it. Like, is this what I worked so hard to get to? + +I really just needed to vent and feel sorry for myself a little bit. I know very well it could be worse, but I've been looking at the broken window all day and feeling like I wasted so much of my life :( +Basically title. I got a car and it had an interesting smell when I first got into it but I didn’t think much of it since I’m not around smokers at all so, I wasn’t aware what the smell would be like. + +I returned the car and they are charging me for the ashes in the car. I absolutely do not smoke and have never smoked in my life but I don’t want to pay the 400$ extra for someone not cleaning the car before giving it to me and someone smoking in the car previously before me and the person not catching that when the car was returned. + +I could even provide a drug test to prove my innocence. I get it from their perspective, they don’t know whether I’m telling the truth or not but they are making a very baseless assumption that I’m the one who smoked in there car but there should have been multiple times to catch this before giving the car to me in that state. + +What should I do? I don’t want to pay for the problem. +I ask this from a thread regarding Uber drivers and these quotes stood out to me: + +"I’m a bartender at a restaurant and I’ve talked to other friends in restaurants and we’re all slower than ever. I just think with such a high percentage of people having omicron or being in contact with someone people aren’t going out much." + +" I am posting this for investors in Uber and Lyft because this month my earnings driving rideshare have fallen off a cliff. I'm talking about dropping from 2K a week down to $300-$600 a week. I see this sentiment repeated by other rideshare drivers in the relevant subs and it seems to be happening around the U.S. in all regions." + +--- + +I am anecdotally VERY concerned about consumer spending numbers for quarter 1. January is typically a slow month, but everything looks absolutely deserted on weekends compared to what I've seen for the last 3-4 months. I've seen some restaurants crowded, but in general bars/clothing stores/etc are way less crowded than usual imo especially on weekends. + +What are your experiences? +September 15th Apple is holding an event with a teaser that new products will be announced. + +Hoping this is good enough news to speed up Apple’s recovery and get some green back in my life. +Tenants called last week saying the toilets were backed up. + +Had the plumber go out immediately and he sent me a disgusting picture of the pump area. + +Plumber proceeded to tell me there were condoms, face masks, and other items in the pit and that caused the pump to go out. + +We replaced it the day of and it’s a $3,200 bill. + +Sent a strongly worded note to the tenants but nothing is stopping them from doing it again. We have no way of finding out who to blame and bill the repairs to. + +WWYD? + +TLDR: 4-family home. Someone flushing non toilet friendly items down the toilet. Caused pump to burn out. No idea who the offender(s) is / are. The $3,200 pump we had to replace was less than 1 year old. +I've been reading around on the internet about real estate investments especially in Central and South America and it seems that Panama has had quite a run/boom in the past decade, due to economic growth and political stability (compared to other countries in that region). Looking at the most prominent high-rise buildings, it seems like many of them were built sometime around the 2010s. + +From what I understood, ~10 years isn't that old for a high-rise. Nevertheless I found out that decay (probably due to the harsh environment) has made the buildings age significantly, and it doesn't seem like there's much maintenance happening either. + +I'm honestly curious to understand, how the real estate market there works, since, from what I saw, these high-rise buildings (and the condos inside) don't give an impression of longevity. Specifically I'm trying to understand, whether there's a realistic chance that, if someone was about to buy an apartment for let's say ~$200k today.. + +- ... it would appreciate (or even just hold) value within the next 10 to 20 years +- ... it would even still exist, judging by the way real estate there seems to be maintained + +Thank you very much for every insights into this! +So I'm in the process of closing on my first rental rehab that I'm buying from a realtor/wholesaler. + +I signed off on all the contracts and then when the title company asks for the final contracts, I see a disclosure listing the defects of the house that I never saw - yet has my signature under it! + +I called the wholesaler and he said, yes he had to edit some documents and he put my name on that one. + +One thing that stood out was the line that said: broken pipe under basement + +I asked him about this and he said, oh well you were going to replace all the galvanized pipes anyway right? I said yes - but that's the plumping in the basement ceiling, and explained that a "broken pipe" could be all sorts of things - main sewer line going out or the water line coming in and neither of which was discussed in the scope of work with the contractor. + +So my next question is this: + +How concerned should I be?? No way to know how much it will be to fix without getting a camera in the lines to see where it is + +And second: + +If this is an expensive repair not covered in my rehab budget, I'm thinking I should be able to get out of contract with no recourse if I never saw the disclosure. I still have the original documents that I signed which Definitely did not include that page. +My goal is to start investing 3 years from now given that for one my personal leverage is too high at the moment and the market rates aren’t the best to get in the market. Usually with a discipline approach how many properties can one acquire during a 10 year span?? +My goal is to start investing 3 years from now given that for one my personal leverage is too high at the moment and the market rates aren’t the best to get in the market. Usually with a discipline approach how many properties can one acquire during a 10 year span?? +I'm looking at getting into my first investment property in LA. It's in an up and coming area and the accepted offer is just under $1m. Legally, it's a duplex, but there are two "nonconforming" units. One is a funky garage conversion that \*might\* be able to be flipped to being legal using the ADU rules (I'm going to try to figure that out during the inspection period). The other is clearly never going to be legal. + +Here's the deal: with the two legal units only, the property covers mortgage, taxes, and insurance. When the other two units are added in, rent wise, it becomes cash flow positive by about $2000 per month (though certainly some of that money will go to maintenance, water bills, etc.). In any case, by the standard of the market here, this is a good deal. I've been looking for 9 months now and it's incredibly hard to find anything in an even remotely desirable area that is even vaguely cash-flow positive. And, this is a cool building and a big lot with some nice features. + +So, what to think about the illegal units? I have gotten a range of answers from people, ranging from "don't worry about it" (what the agent says), to "it's a concern but not fatal", to "stay away because you should only value the legal units' rent when calculating the value of a property". Intuitively, I think that LA is in an insane housing crisis, so it's hard for me to imagine the city wanting to take units off the market proactively, even if they aren't legal. However, I can imagine that if any of the tenants in those units got upset with me, they would have some significant leverage (however, they'd also be leveraging themselves out of an apartment...). + +Significantly, no one has been able to give me any real world examples of illegal units being an issue. So, I turn to Reddit! Any actual knowledge here on this issue? Has anyone dealt with a similar situation? Failing that, any reasonably informed opinions? Thank you!!! +I am an immigrant and will fund the buying with a loan and cash. I was raised in a poor family and have seen kids who grew up rich have lots of properties bought by their parents, I wish I had that too. + +Do I put the money in REITs, little old school but I favor owning something which will be nice in 30-40 years timeframe. + +I tried on Zillow and redfin but it can't show many projections, any help, guidance much appreciate it. + +Please suggest the area that can grow in value, i understand that no-one can predict but i don't have much leads and friends to ask for as well. + +Have a good weekend and God Bless you. +I know there may be no good answer for this but I have to ask just in case someone has run into this and has fixed this issue. One of my areas where I have rentals has a code enforcement officer who keeps citing me and other landlords, then hires a way-overpriced contractor to fix issues we don't even have on our properties. + +In one of my cases, he hired a contractor (who has been buying houses in my area) to clean up my yard for 4 times what I'd paid a different contractor to do in the past and charged me for it by sending warning notices to an incorrect address so I never got them. He didn't have "after" photos showing the contractor's work on my property either. + +In another case, he sent me a notice (to my correct address this time) about raccoons that were entering a house I have that is rent-ready and threatened to fine me. When I called him and asked when he saw the raccoons entering my house, he said that a person in the neighborhood reported it and he didn't see it personally. He wouldn't give me this person's name when I asked who it was. + +I suspect this code officer is getting kickbacks from this contractor/investor but how would I prove this? Would anyone have any ideas how to get this guy off our backs? +Location: Southern California + +So I'm currently in escrow for what I thought would be a pretty straight forward transaction. We opened on June 10th and scheduled to close July 15. They countered my initial offer and we both signed for about 20k over asking, which is common for this area and market. In the counteroffer, it was stipulated that all contingencies had to be lifted by 21 days, aka July 1. + +Everything was going smoothly until about a week ago, seller suddenly requests a lease back. I had already made plans to occupy at closing and had other roommates that were ready to move in as well so I declined the request. This is when the fun started. + +A few days later, they issued me a Notice to Perform (Fri, June 25) to lift my appraisal contingency by Monday, June 28th. This was strange because the appraisal was scheduled for June 28th. This is when I realized something was up. After some digging by my real estate agent, she found out from the selling agent that they were trying to back out of the agreement. So instead of communicating with me, they tried to trip me up by serving me this Notice. Unfortunately for them, it was invalid because the counteroffer specifically stated that I had until July 1st to remove the appraisal and loan contingencies. + +Seller has now offered me 10k + return of my earnest money for me to cancel the deal. I've already spent money on the home inspection and appraisal and I really want to move forward with escrow. I've spoken to a few of my attorney friends and I believe I have all of the leverage right now. + +Is there anything I may be missing or should be afraid of? Potential refusal to vacate/squatting? Destruction of property on the way out? Gridlocked so we can close escrow? Any insights would be appreciated! + +&#x200B; + +UPDATE 1: I've been moving forward with removing all contingencies and still plan to close. My agent has informed me that the Seller went a bit ballistic but has since calmed down. They have emailed me that they will no longer try to cancel the purchase agreement. We shall see if this proves to be true in a couple of weeks. Scheduled close of escrow is July 15, 2021. +>(Reuters) - Warren Buffett’s Berkshire Hathaway ([BRKa.N](https://uk.reuters.com/companies/BRKa.N)) said on Sunday it has acquired more than 5% stakes in each of the five leading Japanese trading companies. +> +>Berkshire Hathaway’s wholly-owned subsidiary, National Indemnity Company, will notify Japan’s Kanto Local Finance Bureau of the purchase of the stakes in Itochu Corp ([8001.T](https://uk.reuters.com/companies/8001.T)), Marubeni Corp ([8002.T](https://uk.reuters.com/companies/8002.T)), Mitsubishi Corp ([8058.T](https://uk.reuters.com/companies/8058.T)), Mitsui & Co Ltd ([8031.T](https://uk.reuters.com/companies/8031.T)) and Sumitomo Corp ([8053.T](https://uk.reuters.com/companies/8053.T)), the company said in a statement. +> +>Berkshire Hathaway intends to hold its Japanese investments for the long term, but may increase its holdings up to a maximum of 9.9% in any of the five investments depending on price, the company said. +> +>“The five major trading companies have many joint ventures throughout the world and are likely to have more of these partnerships. I hope that in the future there may be opportunities of mutual benefit,” Buffett said. + +[https://uk.reuters.com/article/uk-berkshire-stake-japan/buffetts-berkshire-buys-5-stake-each-in-five-japanese-trading-firms-idUKKBN25Q0Y9](https://uk.reuters.com/article/uk-berkshire-stake-japan/buffetts-berkshire-buys-5-stake-each-in-five-japanese-trading-firms-idUKKBN25Q0Y9) + +Companies are known as "sogo shosha" and are conglomerates in various industries. A 5% stake in each is roughly $6 billion in total. +An update was posted yesterday in response to the price jump and high volume (it seems they're unaware that's from you guys) + +Here's the PDF from the companies website:[https://clients3.weblink.com.au/pdf/88E/02353633.pdf](https://clients3.weblink.com.au/pdf/88E/02353633.pdf) + +Other key notes include the well is at 1,250 feet and is estimated to be finished a little faster than the 4 week estimation we got last time. + +"As announced on 11 March 2021, the Company has recently commenced drilling of the Merlin-1 exploration well in the NPR-A region of the North Slope of Alaska. Drilling operations are proceeding according to plan with the well currently drilling ahead at 1,250 feet. Once the well has been deepened to 1,500 feet, casing will be installed and the Blow Out Preventer system tested, which is estimated to be completed by 21st March 2021. The well will then be drilled through the target horizons in the Nanushuk Formation to a maximum total depth of 6,000’. Logging while drilling and mudlogging will provide initial indications as to the prospectivity of the well during this part of the operation, which is expected take three to five days. A sophisticated wireline logging suite will then be run, including sidewall cores and downhole sampling. Wireline logging is expected to take five to seven days." + +Trading@**0.0204** on market close today Mar 15th +Was trading@0.0075 before the first update was posted +On other exchanges the stock trades under $88E +This should get interesting as Microsoft venturing into the social media field. Facebook is still powerful but they have lots of negative press and Instagram is getting kinda boring. I like the move to appeal Microsoft to the younger Gen. +365/366 is not evenly divisible by 14 (2 weeks) so an extra day gets shifted into one payroll cycle every 11 years or so (since leap year eats up 3 of those days, otherwise it would be every 14 years). + +It's called a ["pay period leap year"](http://biztaxlaw.about.com/b/2009/01/08/2009-pay-period-leap-year-how-will-you-deal-with-an-extra-pay-period.htm), and aside from creating headaches for payroll departments everywhere, it does mean something for you. + +FSA, HSA, 401K/403B, ESPP, and other pre-tax benefits are frequently deducted on a per-paycheck basis. If you're the type that does the math to figure out when you can max out your 401k or if you have multiple 401ks you contribute to in the same year (switch jobs), this is an extra hiccup to be aware of. Likewise with PTO that accrues by the pay period or week. + +If you are paid monthly, or semi-monthly this doesn't apply to you. If you are paid weekly, your "leap year" happens every 5 or 6 years. The cycle also depends on what day of the week you close your pay period/issue checks and how you deal with payday holidays. I believe 2015 is only a leap year if your pay period ends on Sunday. This doesn't mean you'll get more checks in 2015, but you will work for 27 pay periods in 2015. + +Just something to keep in mind as you begin forecasting your 2015. + +Edit: Since lots of people seem to still be confused, I'm going to show the math that explains this: + + 365 days in normal years / 14 day pay periods = 26.07142857142857 + + 366 days in leap years / 14 day pay periods = 26.14285714285714 + + If it were exactly 26, you'd expect to have 286 paychecks in 11 years. + + However, in 11 years, there could be 3 leap years and 8 regular years + + So, (26.07142857142857 * 8) + (26.14285714285714 * 3) = 287 + + One extra paycheck. + + +365/366 is not evenly divisible by 14 (2 weeks) so an extra day gets shifted into one payroll cycle every 11 years or so (since leap year eats up 3 of those days, otherwise it would be every 14 years). + +It's called a ["pay period leap year"](http://biztaxlaw.about.com/b/2009/01/08/2009-pay-period-leap-year-how-will-you-deal-with-an-extra-pay-period.htm), and aside from creating headaches for payroll departments everywhere, it does mean something for you. + +FSA, HSA, 401K/403B, ESPP, and other pre-tax benefits are frequently deducted on a per-paycheck basis. If you're the type that does the math to figure out when you can max out your 401k or if you have multiple 401ks you contribute to in the same year (switch jobs), this is an extra hiccup to be aware of. Likewise with PTO that accrues by the pay period or week. + +If you are paid monthly, or semi-monthly this doesn't apply to you. If you are paid weekly, your "leap year" happens every 5 or 6 years. The cycle also depends on what day of the week you close your pay period/issue checks and how you deal with payday holidays. I believe 2015 is only a leap year if your pay period ends on Sunday. This doesn't mean you'll get more checks in 2015, but you will work for 27 pay periods in 2015. + +Just something to keep in mind as you begin forecasting your 2015. + +Edit: Since lots of people seem to still be confused, I'm going to show the math that explains this: + + 365 days in normal years / 14 day pay periods = 26.07142857142857 + + 366 days in leap years / 14 day pay periods = 26.14285714285714 + + If it were exactly 26, you'd expect to have 286 paychecks in 11 years. + + However, in 11 years, there could be 3 leap years and 8 regular years + + So, (26.07142857142857 * 8) + (26.14285714285714 * 3) = 287 + + One extra paycheck. + + +I think there is something fundamentally wrong with how technical analysis is rationalized. I've been seeing countless statements like : the bulls are getting weaker it's time for bears to take control(and vice versa), the bulls/bears couldn't push it further etc. Traders try to justify their trades based on the action of the rest of the traders. Every trader fallaciously thinks that they are rational and the rest of the market is irrational.(at least the ones who took the opposite side.) It's like two blind guys getting into a fight; both of them have guns but none of them knows that the other guy also has a gun. One of the blind guys gets taken down before he could draw his gun. The winner of the fight will live his life mistakingly thinking that he had an edge in the fight. The only reason he won the fight was because of his agility and luck and not because he had a gun/edge. The only true edge one can have in the market is asymetric information flow and utilizing the greater fool theory. Looking at live charts trying to predict the future is zero sum. I know people will say that price discounts all available information, while that being true it still doesn't provide any rationale for basing future predictions. The arrow points forward and not the other way round. +Alright, let me begin. + +Earlier, I have posted that you don't need any advanced strategy, and all you need to do is buy low and sell high. + +This rings true, and right now, I'm going to tell you real time how easy it is. + +https://www.tradingview.com/x/wuCai9lp/ + +See this chart? This is GBPUSD. Notice how it broke down from the 10 day distribution. This meant that we were going to break lower on the other GBP pairs as well. + +However, we see that it's about to start its first retracement; That is the accumulation that we see on the GU hourly chart right now. The leg down has ended for now, and I expect a retracement. + +But Charles, I don't wanna long GU, USD is too strong. + +Too right, my young Wasabi, but what can we do then? + +We look for weaker currencies to pair it with! + +The other GBP pairs are also accumulating, because the GBP leg down is over for now. + +There are two especially attractive pairs for GBP at the moment in my eyes, and that is GBPJPY and GBPCHF. + +The concept is simple. I am, as always, bearish JPY, and want to use this retracement to get a high RR entry in one of my favorite pairs. + +This entry looks like this: https://www.tradingview.com/x/E8X2Mqm2/. + +Stops right below the consolidation to the left, TP at the highs of the previous range. TP can be placed closer, but my general bullish stance to GBPJPY leaves me wanting more. + +GBPCHF on the other hand, does not present any clear consolidation that we can place the stops under. However, we have the support of GBPJPY and GBPUSD, and as you can see, it has already started its leg up. CHF has often proved to be notoriously one-directional for several hours, so I simply placed my stops right below the lows of the beginning leg up right now, like so: https://www.tradingview.com/x/ydqT2tzd/ + +Then last but not least, I mentioned to you USD strength. + +I want to play it. + +How do we do that? We pair it with JPY weakness! Like so: https://www.tradingview.com/x/4qAE6ZMw/. There are two ways to go about this. Stops below the range, or stops below the marked consolidation to the left. I prefer the marked consolidation to the left, as it provides double the reward, and I don't mind getting stopped out on the odd chance that we continue downwards. + +But Chaaaaaaarles... The pairs are correlated! + +Yes, young wasabi, they are. To prevent this, either scale down the risk to make up for the correlated risk of getting stopped out, or simply take only GBPCHF and USDJPY. I'd rather safe it and split half my allocated risk to GBP over the two GBP pairs, and go full on USDJPY. + +This is how simple it is. + +GBPJPY: 1:7 + +GBPCHF: 1:5 + +USDJPY: 1:4.2 + +Disclaimer: This is not a trade signal. This is not to tell you to go long. It is to show you how simple a good, high win rate, high RR strategy can look, and it simply takes an understanding of market structure, correlations and movers and shakers. + +Have a good evening everyone. + +My name is Ron Burgundy? + +I understand the appeal of finally finding that mentor or guru in this industry. And subsequently, I understand why so many frauds and hucksters have made a reasonable living masquerading as such. + +The reality is that unless you are spending day-in-day-out with your mentor, I don’t think this system really works for traders. You don’t just need a mentor, what you need is 24/7 access to one. Someone you can talk to in real time as the markets are moving, someone that can give you that real-time feedback as you push the button and see your P&L swinging back and forth. + +If I was a prospective professional athlete, there is no way I’d get to the level I need to be by buying online courses or interacting with a virtual coach. You could argue that sports are far more kinetic than trading, of course, but I would counter that point by stating that I can’t think of any endeavour where you’re at an advantage talking to a coach or mentor through a screen and not in person. And yes, maybe that kind of coaching will help you be a better player in a rec league, but unfortunately trading isn’t divided into divisions. The greenest of traders is participating right up there alongside the best capitalized hedge funds in the world. + +I really wish I could mentor and guide all of you that have been sending me messages, but I can’t. I would be useless to you. For one thing, I just don’t have the time. I’m not a sit-on-the beach and drink cocktails kind of trader. I’m on the phone for probably 6-7 hours a day talking to traders, broker, bank, or investors. I’m physically trading at least 14 hours a day, often while I’m on the phone. On top of the trading there’s the day-to-day realities of trying to run a business and all the absolute headaches that entails. + +Enough about me. If you’re serious about making this work for you, then my advice is to abandon the idea of being a successful retail trader. The only successful traders I know that trade their own funds are traders that have built up large reserves over a decent career of working with OPM or are former locals that were able to transition from the pit. + +Statistically you are almost guaranteed to fail at this. That doesn’t mean it’s impossible to make money as a trader. What it does mean is that the road to becoming successful is very different from the one that almost everyone else is following. +So im kinda new with this have figured some things out but im kinda doubting myself with this one. So basicly i chose around 8 pairs i like to trade for no real reason i chose 8 because i found i find the most setups without overtrading. I skipped those that were unrecommended for beginners but would like to hear yout opinion on how many i should watch and some examples for beginners. I trade price action only and have seen some profitability but nothing with live accounts. Thanks in advace as this i think has really been the most unsure thing so far. + +EDIT: Hearing a lot of people recommend only sticking to very little pairs what are your thoughts on trading indexes, gold(i know it isnt for beginners thats why i avoided it so far) +Dear reddit peepz, + + +I have a question. I am doing forex for +- 5 years. A lot of practicing etc... You know the drill. Forex really interests me and I wonder if there is a way to do this as a profession. Do some people have experience with it? + + +The thing is, we all know if you want to live from Forex by yourself you have to have a decent capital to sustain yourself and this is what I lack, I am a rather 'poor' guy. + + +To give an example I started with 400 euro. At this moment I am at 1830 euro. I took 1100 trades in 1 year and two months. I know my trading and I am pretty sure this money will keep growing but it's not that I will ever be able to do this in a way I can live from the profit. It will take too long. + +Is there any way to deliver portfolio's, trading summary's to certain people to increase your gain and start living from it. Working for a bank for example. Do some people have done it in this way? + + +Maybe another important input is that I live in Belgium, if you speak about Forex here people think you speak chinese. Also taxes are very heavy here in this country. Maybe even moving to another country would be an option. + + +It doesn't really need to be like staking here you go but even working around the theme of trading/Forex could be an option. Tutoring or smt. + + +Greetzzzz +This is first British election I'm watching. What time can u expect results to flow in? + +When should I return to hotel and how long should I block out? +So, I have a strategy that is successful in backtesting. But I keep losing trades in forward-testing. + +It’s like when I decide to enter, more often than not it fails. And when I ALMOST decided to enter a trade but then chose to not do so, that supposed trade almost always succeeds! + +Any advice for this particular situation? +Once you develop a strategy or list of setups along and the right mindset to be profitable with Forex trading... + +Do you continue to research, develop, and backtest possibly more profitable strategies? + +If so, to what extent? + +Are these strategies comparable to your existing ones? Just with small changes? + +Is there a different approach to research and experimentation once you have developed profitability? + +(Since some strategies don't work forever) Do you begin experimenting again on a demo account once your strategy seems to not work anymore? At what point do you no longer see it as profitable? (keeping the macro perspective in mind of course) +I've been doing this for about 9 weeks and I am pleased with the results. + +I am not telling anyone else they should do this, I would just like to discuss my experience doing so. + +Basically what I did was convert all of my funds to equal amounts of every coin available on coinbase. At that time it equated to $300 per coin plus a little extra in DAI and algorand. In that time coinbase decided to really rile things up and add 8 coins last week. I'm not going to lie, that messed up my ecosystem I spent 2 months building. It was the last 4 coins in a single day that really messed with my mojo. + +But..... I'm still way up. I have all 8 new coins from last week and I think 2 others in the last 2 months and all coins are above $400. + +I started this Sept 10th as the entire market was crashing, but I noticed very quickly that even though all my coins were down, they were down a significant percentage less than the actual coin in that time. So even though I was down because the entire market was down, I was down a lot less than if I just held everything. + +I've watched the volatility of some of these coins for some time, and theorized that you can make money by capitalizing on how much and how fast they move. I started by testing the waters and only converting $10 of each coin, and after a few weeks decided to go all in after seeing the results. + +There is a lot that goes into my logic on this strategy but the basics are, once the coin at the top is over 10% of the coin on the bottom, I convert 3% and feed the bottom coin up. Coinbase charges a 1% conversion fee, which I am fine with since I am trading at plus 10%. + +Some coins go absolutely crazy out of nowhere. If that happens, if I end up using the same coin more than twice, I'll begin taking that 3% and converting it to DAI, a stable coin worth a dollar that earns 2% interest. And a lot of times when a coin shoots up like that it comes crashing back down, do I'll use that DAI to scoop that coin back up at a lot cheaper than I sold it. If it doesnt come crashing back down then I'll feed a few more bottom coins with that money + +I've posted what I've been doing a few places and for some reason what I am doing seems to genuinely anger people, and I'm not sure why. I'm not telling anyone to do this, I just want to discuss how this is going for me. I also understand how taxes work and am ok with that. + +Like I said, my approach is a little complicated so if anyone has any questions I'll stick around for a few hours. +**Summary:** This proposal is for sorting comments by newest first after a post is submitted. The intended goal is to level the playing field between early bird low-effort comments and more meaningful high-effort comments by limiting visibility for the former. + +**Problem Statement:** After a post is submitted, the first comments tend to be low-effort. Most of them are simple trite remarks or jokes about the parent post which tend not to offer much originality or value. Users who make these comments are probably only seeking attention or farming moons and often receive numerous upvotes just for being first. Users who make more meaningful comments first take time to even notice the post and additional time to write a comment. + +**Solution:** After a submission has been posted, temporarily set the suggested comment sorting to newest first. After 30 minutes(more or less), the suggested sorting will be switched to top comments first. This change should give later comments an advantage over early comments. It might also encourage users to post more top-level comments and therefore increase the odds of triggering a discussion, since every comment will be treated the same for a set amount of time. The 30 minute time limit will be tweaked by the mod team for optimization. + +**Concerns:** The first two items in the following list are concerns given by u/CryptoMaximalist in the [r/CryptoCurrencyMeta thread](https://www.reddit.com/r/CryptoCurrencyMeta/comments/p0xprp/idea_for_the_first_few_hours_comment_sorting_is/hdqrwkp) which I have paraphrased. The last one is mine. + +* Hiding comment scores for a longer period of time may be considered as an alternative method or additional measure for achieving this goal. However, this idea would have to be submitted as a separate proposal. Currently, scores are hidden for 5 minutes. Contest mode is a controlled option for hiding scores, but it also collapses lower-level comments and might hamper discussion. + +* Many Reddit clients do not respect suggested sorting and allow the user to override them. + +* My own minor concern would be the potential for incentivizing more spam in the top-level comments since farmers would be fighting for visibility. Rate-limits might be required. + +[View Poll](https://www.reddit.com/poll/qhc2k1) + +Here's last night action of charts when they announced the partnership. + +[https://coinmarketcap.com/currencies/kava/](https://coinmarketcap.com/currencies/kava/) + + +**People who don't know what KAVA is:** + +Kava is a Layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. + +Here's screenshot of their deleted tweets + + +&#x200B; + +[Deleted Tweets](https://preview.redd.it/9lpfij6ff5r81.jpg?width=480&format=pjpg&auto=webp&s=4097c52fdbe656299f560d85bac90bf8464ce6a3) + +Here's one of the people who fell for this prank. + + +[RIP](https://preview.redd.it/8apmu79qf5r81.png?width=687&format=png&auto=webp&s=6c245bc5c89370d8752df8099592afd839b78e67) +I just saw a post where someone was talking about extra fees hidden in TurboTax, and another person talking about paying $40 for it like it was nothing. Guys, you don't need to pay to file your taxes. + +Volunteers with the [VITA program](https://www.irs.gov/individuals/free-tax-return-preparation-for-you-by-volunteers) will prepare your taxes in person, and [IRS free file](https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free) exists for those who make less than $66k. + +&#x200B; + +You'd better not pay one red cent to get those taxes done, people!!! In my opinion, anyone who fools a poor person into paying for tax prep is a crook. + +&#x200B; + +Also, I would like to warn you to stay away from Refund Anticipation Loans, which have now been renamed "Refund Anticipation Checks" to skirt laws created to stop them. + +RACs drained the refunds of millions of American taxpayers in 2014, costing them $648 million in loan fees, plus over $200 million in other fees, the NCLC and CFA said in a report. The pricing is opaque, but often it's over a hundred bucks to get your refund a couple weeks sooner. Guys, it's a trap. Don't do it. Credit cards are less usurious and less opaque than this crap. + +Do. Not. Give. These. People. Your. Money. They will just use it to scam some other poor person. +Be advised that sellers and buyers have been reporting stolen funds from their Localbitcoins wallet all day today. + +I didn't believe it, but 5 BTC where just debited from my account, despite having a 30 char random password and GAuth enabled. + +(Yes, my password was changed after heartbleed.) + +**IRC:** https://localbitcoins.com/irc + +**LBC Forums:** https://localbitcoins.com/forums/#!/ + +*Note: It may be wise to disable js before executing a withdrawal.* (To prevent XSS attacks.) + +Screenshot: + +* http://imgur.com/Hwu6n1F + + +Addresses Involved: + +* https://blockchain.info/address/1PATzysiurrrpJjaQZWBnhWdyZdkhHXugn +* https://blockchain.info/address/1H7tqW1Q4MCChxgixJGmjJ9yacRnbZJRP1 (verified) +* Have one to add? Post it! + + +**Edit:** + +* *Multiple reports that withdraws have been frozen and do not leave the "pending" state. (3:52pm EST)* +* Staff posted an update on the blog -> http://localbitcoins.blogspot.com/2014/04/initial-response-regarding.html They make the claim that the effected users do not have 2nd factor enabled. (4:22pm EST) +* Staff have corrected their post recognizing that they have confirmed three **cases of people with 2nd factor having funds stolen.** They do say that these incidents are not affecting a large number of users. (4:30 EST) +* *Staff confirm that withdraws may be delayed while this mess is sorted out. (4:38 EST)* +* *At a conference call on the issue, all affected traders in attendance reported LocalBitcoins has not yet provided ANY reply to support tickets*. (8:00pm EST) +* Incidents of this form of attack appear to have started ~48 hours ago, **coins appear to be withdrawn to a foreign address, despite 2FA**. (8:34pm EST) +* Withdraws have been totally frozen for more than an hour now. (9:38pm EST) +* **Update on my password: My password (WAS) iXr2BP3ut2DrNAXU9hVFqUqMrNVOpv,** not "dog" as some users reported. Localbitcoins claim is bogus: "Furthermore, it was reported on the Reddit that the credentials of this particular user have been found on known compromised user account lists spreading in the Internet." +* **Localbitcoin's has posted an incorrect timeline of events. Look when the support ticket was opened: http://imgur.com/iACJoOH** Minutes after the event. Localbitcoins is off by an hour. *LBC staff have admitted this error.* +* No malware was found on my phone. It is only two weeks old and has few apps. A list will be posted. +* Seller https://localbitcoins.com/accounts/profile/MiamiBTC/ reports two breaches yesterday under similar conditions. +* According to Google Engineers, **Google Authenticator codes cannot be stolen on not-rooted phones. This refutes LBC's explanation that my phone was breached.** Instead they said the key was likely leaked somewhere on the site (or elsewhere) when 2FA was setup. +I know this a bit circle-jerky, but I really don't care too much what the current price of BTC is. I'm holding for now. Really the only thing that will make me sell is if I see another cryptocurrency or equally brilliant piece of software that makes the featureset of bitcoin look antiquated. I don't see that happening very soon though. Some of you newbies are speculating on something you really don't even know the utility of. + +By featureset I mean this. + +1. Distributed, verifiable ledger: The blockchain is really a fancy name for a extremely secure ledger. It contains a record of every transaction that has occurred in the bitcoin ecosystem. This is an amazing achievement on its own. Can you imagine if the company you worked for had a system setup that kept track of all this information this reliably? + +1. The ability to memorize a number (or brainwallet phrase), walk across a border and (provided ~~their~~ there is a local exchange) change your money back to whatever fiat currency is the accepted medium of exchange in that country. +3. The ability to have at-a-glance, verifiable, data about the entire bitcoin ecosystem. Statistical analysis is so much easier when you know your source data is accurate. http://blockchain.info/charts +4. We know, with almost certainty, how many bitcoins will have been created by the end of the day tomorrow, 2 weeks from now, and in the year 2140. If nothing else, this is an amazing economic experiment. We get to see what a known, controlled rate of "coin" production does to society. I personally like that knowledge. +5. Smart contracts could in the future change the way we do business, pass money to children, pay loans, etc. https://en.bitcoin.it/wiki/Contracts +6. Green addresses get around the double-spend problem. https://en.bitcoin.it/wiki/Green_address +7. Merged mining and other alternative chains: "Alternative chains have been suggested as ways to implement DNS, P2P currency exchanges, SSL certificate authorities, timestamping, file storage and voting systems." Goodbye Diebold. +8. Sending money into outer space. Ok, I'm going out there with this one, but I think it's kind of fun. https://bitcointalk.org/index.php?topic=56285.0 +9. Many other features already realized. +10. Other features that have not been invented yet. + +Sorry for the ramblings, just getting tired of the rampant, "OMG!!!1!!! $120/BTC" stuff that is going on in this place. It's the featureset that we should be selling, it's not just "internet gold" or "internet cash," it's a novel thing. + +tl;dr: Money/Commodity/Exchange/whatever-you-want-to-call-it ver. 2.0 + +Edit: Grammar Nazi. + +Edit 2: I woke up to find this on the top of the subreddit and myself two bitcents richer. I love the discussion and wish I could contribute a little more, but I'm going to work. +Today, my teacher student loan was paid in full! I owed 17,800 and was approved for the full amount of 17,500 through the federal government program. I paid the 300 leftover myself today. + +The loan originated at 43,000 so I paid a lot on my own, but it's nice to not owe 18,000 :) + +If you're a teacher and have been teaching in a title 1 school for 5 years, take advantage of this. Here's the link for info http://ifap.ed.gov/dpcletters/attachments/GEN1419AttachTeacherLoanForgivenessApp.pdf + +When you fill it out, make sure you double and triple check everything. I had to reapply 2 times before I was approved for silly mistakes. + +edit: +Not all teachers qualify. +special ed and science teachers qualify for 17,500.00 +reg. ed teachers qualify for 5,000.00 + +Edit: Wow!!! loan forgiveness and reddit gold... THANKS!!! +What were the reasons behind AUD surging against USD in the second half of 2010s, and what would be the catalysts to repeat the same thing happening again (AUD/USD > 1)? +We have an investment loan with anz and would like to refinance to a lower rate. We’ve had no problems paying the loan back and the loan amount is only 35% ish part of the value. + +However, we’re looking at starting a family in the next year. Any advice? We’ve never refinanced before. +I just switched jobs and my new 401k administrator is Empower retirement. I had saved up 70k in my old company 401k having a 22% rate of return. Should I move the 70k into Empower retirement and take advantage of compounding, keep it where it is or move it to my roth? +Like the title says. I moved back to the family farm about 10 years ago and have grown a successful agritourism buisness. I operate pretty much as an island but have lost control of expenses. It's very intertwined with our personal lives and the operation of the farm. I do the books at the end of each year and have detailed income and expenses but I operate in the dark most of the time. Spend when times are good, struggling and max out cards when times are lean. I really need some help and I'm not sure where to begin. Financial life coach, bookeeper or cpa? Does this type of job exist? Really just looking for someone to point me at the starting point to regain control of my finances and maybe help me plan for the future. +I am 26male and last year I married the love of my life, with that been said due to wrong advice and bear pressure I got In to a lot of debt. for the first year I was paying all the bills by myself with no help from no one. She was studying while I supported her we got pregnant had a baby, for the past couple of weeks my wife started getting money from the government for the child it's called parental payment where I live. I took two weeks off from work to help her with the kid for a while, her mom is helping us with the kid as well which I appreciate, today out of no where we had the biggest fight because my wife and her mom planned what she should do with her money but me and the wife we talked and planned things but she wants to save her money and only help me certain amount of the huge debt I am in and she keeps saying I want to control her and her money and I am intimidated because she has money now , I don't know where this is coming from all I said was let's plan things as a family pay bills as a family and save as a family. Any ways things have gone so bad we argued we said the word divorce out of anger, I don't think it's over but it's hard, I think her mom has to do something with this but she says it's not that. And she just wants to feel she can manage her own money and just contribute once a while, while she saves for a car. What should I do + +Edit; for grammar. +I was feeling sick, so I visited the doctor a few weeks ago just to be safe. They took my blood pressure, temp, heart rate, and weight, but everything else was just asking me questions and then speculating what the illness was—no tests other than that. Then I got a bill for $260... + +I have an HSA saver plan and it was in network with my PCP. Does that seem normal? I know it’s a high deductible plan, but how could it possibly cost that much when no tests were administered? +The article translated; + +Inflation in the Netherlands rose to a record high of 17.1 percent in September. This is reported by Statistics Netherlands on the basis of the European harmonized consumer price index (HICP). In August it was still 13.7 percent and that was also a record. + + The increased energy prices are an important cause: compared to September last year, they rose by 114 percent this month. + + An inflation of 17.1 percent means that the prices of consumer products are 17.1 percent higher than in September 2021. The inflation in September will therefore not be on top of the inflation of 13.7 percent in August, says CBS + + Statistics Netherlands says that this is an initial estimate based on incomplete source data. The regular figures, including inflation according to the Dutch consumer price index (CPI), will be announced in one week. + + {In the inflation figure, the Central Bureau of Statistics assumes that consumers have concluded a new energy contract in September. That is by no means the case for everyone, so for many people inflation will be lower in practice. + + Statistics Netherlands is working on a measurement method in which the developments in energy prices are mapped out in more detail. It uses data from energy companies for this. Initial preliminary calculations show that the inflation figure with the new method is significantly lower than what Statistics Netherlands is currently publishing. But the exact difference cannot yet be determined, according to CBS.} +Want crypto rewards for your daily movement? Then STEP BSC (walkwithstep.io) is the right place for you. You have to hold 18.000 tokens or hold an NFT and receive for steps every day (App is syncronized with Google Fit or Apple Health). + +Earn crypto at every step. With STEP we make it easy to get fit and earn crypto at the same time! It’s like a gym membership that pays you back for every step you take. We track your steps with our mobile app and pay out in cryptocurrency based on how far you go each day. Get fit, earn crypto, and be the best version of yourself with STEP. + +Future Developments: + +\- Strava Ride2Earn + +\- Ability to see NFT and tokens holding in the app directly + +\- NFT Referral system is live already with giveaway milestones + +MOVE2EARN is going to explode this summer and STEP - WE ARE THE FIRST ON THE BLOCKCHAIN! The original + +Usefull Links: + +Official Reddit Channel [https://www.reddit.com/r/OfficialSTEP](https://www.reddit.com/r/OfficialSTEP) + +Website: [https://www.walkwithstep.io/](https://www.walkwithstep.io/) + +Telegram: [https://t.me/WalkWithStepTelegram](https://t.me/WalkWithStepTelegram) + +Token: + +Contract Address: 0x465707181ACba42Ed01268A33f0507e320a154bD + +MarketCap: 5 million + +Coins: 1,000,000,000 + +Locked: 45% (vesting) + +Sell 15% Tax – Buy 5% Tax (goes all to the Stepper as reward for walking every day) +Please use them. All other threads related to these stocks will be deleted immediately. Good luck to all and congrats to all who made money! Thank you! + +OCGN: [https://www.reddit.com/r/pennystocks/comments/kq60ip/ocgn\_megathread/](https://www.reddit.com/r/pennystocks/comments/kq60ip/ocgn_megathread/) + +BNGO: [https://www.reddit.com/r/pennystocks/comments/kq60v4/bngo\_megathread/](https://www.reddit.com/r/pennystocks/comments/kq60v4/bngo_megathread/) + +CHEK: [https://www.reddit.com/r/pennystocks/comments/kqcv8d/chek\_megathread/](https://www.reddit.com/r/pennystocks/comments/kqcv8d/chek_megathread/) + +&#x200B; + +\-the mods +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 recently spoke to a high school buddy of mine that is high up at the state department. For those who don't know the State Department is responsible for enforcing anti trust laws against large corporations. For those who don't know, anti trust laws are to do with stopping companies from gaining monopolies/killing all competition in their industries, for the benefit of the market and the consumers in it. + +Now my friend asked me to be discreet with this information, but I felt the need to share with you guys. FACEBOOK IS FUCKED. + +Not only are they facing declining user ship and increased public distaste and distrust due to the Cambridge Analytica scandal, but now the state department has become aware of a gross violation by Facebook of anti trust laws. + +Specifically, FB is TOTALLY blocking the mention of their biggest competitor on their platform. You can't even mention this competitor to your friends in messenger. Yep you guessed it, that competitor is meat spin dot com. Don't believe me? Try and send your buddy a link to the site or share a status with it in it. You will see, totally blocked and not able to share. + +Now that the state department is aware of this violation they will be proceeding with the anti trust attack within the next month, and given how clear the violation of section 12 article 6.9 is of the anti trust act, it is likely the proceedings will go very quickly and FB will be broken up into at least 20 smaller companies. expect stock price to plummet as this happens. + +that is all. +Hi all, + +I transferred over 2500 USD from my German USD account to my PayPal account (through transferring the money to their JP Morgan bank account). + +My mistake was not adding the bank account I transferred the money from to my PayPal account before doing so (although it's also in my name) and not realizing that PayPal doesn't accept funds in USD from bank accounts located in Germany. + + +This was on 28.10. + +I talked to customer service on 3.11 and they said I should wait until 14 days (or 10 business days) have passed. + +I called my bank and they said the money has been transferred. + +I talked to them again on 13.11 and they said that I should have told them to start looking for the money 5 days after transferring it instead of waiting. +I sent them all the details they needed as instructed (my bank account and their bank account details and all the transfer details) and they came back to me after 1 day saying that they can't find the money or the transfer anywhere. + +What can I do in this case? + +I'm stuck without a lot of money I need right now, and every represemtative at PayPal seems to be saying something else. +DRS YOUR SHIT PEOPLE. If this ftx thing has made anything clear it’s that you can and will be fucked by companies if you don’t actually own your securities. Period. They have made so much money for so long selling the promise of products but it is all crumbling down. Do you want to be sure you own what the balance sheet says you own? I do. 100% DRSed and always will be. + +I know it can be confusing or scary to move out of an established broker but there is a lot of great info on this sub. I can personally attest to how easy and secure it is to transfer to computershare. If you haven’t for whatever reason at least think about it +Link:https://www.marketwatch.com/story/tesla-sued-for-more-than-2-billion-accused-of-copying-design-of-nikola-hydrogen-trucks-2018-05-01?mod=mw_share_twitter +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. +As the [Kardashev scale](http://en.wikipedia.org/wiki/Kardashev_scale) + details, we would be in a transition from a type 0 civilization to a type 1 civilization. + +This means a global government which could be run by Strong AI, or any better system we create, and the fact that we are a all global citizens instead of national citizens. Basically we are becoming a global society and will eventually do away with nation-states. The internet is said to be the beginnings of a type 1 communication system. + +**Bitcoin is the birth of our type 1 currency system!** +I am so torn about the moment and would love and appreciate some perspectives from a community that may resonate! Live in an awesome urban neighborhood in the Midwest, making and saving great money. Our beautiful house overlooks a park and a Great Lake, it has so much character and on a spacious lot by city standards. But.. the house is getting too small for our growing family. And there aren’t many great options for upsizing in my neighborhood. I don’t want to give up the urban lifestyle for many reasons - one primary driver is the chance for my kids to grow up in a diverse environment. The other is I will admit I adore my liberal bubble in the city. (I used to be a republican but Trump completely ruined that for me). Fat fire plans on track for me and my husband by 40-45 years old. But I am getting starry eyed looking at giant houses, double and triple the size of ours, set on beautiful multi-acre property surrounded by trees, rivers, preserves. Movie theater rooms, indoor pools, the works. And very affordable for us. I’m afraid I’ll be miserable living outside the city but I’m starting to feel miserable now anyway, my kids are getting bigger and my house smaller. Everyone will value these things differently but I am curious - how worth it to you is the really fantastic, huge house on multiple acres versus access to the restaurants, life and culture of the city? Even for fat fires, it seems unlikely to find both. + +Edit: Thanks to everyone for your thoughtful responses! I appreciate this community’s perspective and it’s helpful to hear that I’m not alone. Certainly Covid fatigue has set in. I think we’re going to stay put, maybe explore renovation and keep an eye on the market. Hopefully light is on the horizon. +I have noticed that certain purchases that are traditionally considered expenses for an average person (car, watch, clothes etc) can be looked at by wealthier people as assets in many cases because when you buy a top tier, high quality version of said item, it may appreciate over time. I'm curious to hear your experiences with this and if you have other examples. + +&#x200B; + +A few that come to mind: owning a toyota vs. buying a vintage mercedes or a new ferrari. Buying a standard handbag vs chanel (my wife loves pointing out that it grows in value over time). Buying a timex watch vs. patek, etc. + +&#x200B; + +Is this something you think about in these purchases? +OK - so, I'm guessing a lot of us are looking at the mortgage/refi rates and are tempted to get some cheap leverage while we can. Talking to a lender, I can easily get \~$1M at \~3.25% 30yr fixed or lower rates on 5/7/10 year ARMs. + +So, my questions is: Given some cheap leverage (about 10% of my invested portfolio, not counting home), what's the best way to deploy it? + +I'm considering an apartment as an investment property that I could definitely rent out and where I believe I would \*probably\* see appreciation. + +OR, I could just put it all in the market and assume that over 30 years I will most likely beat 3.25% a year in growth over the long-haul. + +Am I missing a better idea? Is this a dumb idea? I've not used debt/leverage much in my financial life before. Mostly been a Boggle person... +37/M, NW 3.6M. Goal of FatFI by early 40s. Throwaway account, for obvious reasons. + +**Background**: I've been working at a FAANG for roughly a decade, currently at L7/E7 level. The path to L8/E8 seems difficult on my current team--there aren't many projects left that could move the needle enough to justify that promo. The work is tolerable--I like my team and have a good work-life balance. It's also incredibly boring and meaningless--the amount of bureaucracy keeps growing and opportunities to move the needle keep shrinking. I'm still getting good performance reviews, but I haven't felt I've done anything impactful in about a year. I feel zero motivation on Monday mornings because the link between effort and tangible accomplishments has become so delayed and attenuated. + +**Paths Forward:** + +I'd like the FatFIRE community's perspective on the following options, including how much compensation upside there is relative to a typical L7/E7 FAANG salary. I care about extra compensation mainly to accelerate my FatFI timeline. + +1. **Rest and Vest:** Stay in my current role. Enjoy the stability and work-life balance. Focus on relationships and hobbies outside work. Accept that FatFI timeline might be faster via some other paths and accept boredom as the price of stability and good work-life balance. +2. **Switch teams within current company:** This might lead to more interesting work and more chance for promo. It might also lead to more stress and worse work-life balance for no immediate compensation boost. +3. **Interview at Other FAANGs** and try to negotiate a compensation bump and/or get onto a faster growing team with more upside. The advantage over (2) is that it *might* be easier to negotiate an immediate compensation bump and/or there *might* be less bureaucracy at other FAANGs. +4. **Interview at non-FAANGs**: Consider options like startups, finance. The potential upside is higher compensation, especially in the upper tail of the distribution. The obvious downside is worse work-life balance. +5. **FIRE sooner rather than later**, accepting a chubby FIRE rather than a truly fat FIRE. The problem here is that my earning potential will decrease rapidly, so this is a mostly-irreversible decision if I come to regret it. +I was watching a very recent Dave Ramsey video on YouTube where the question was ‘how do I know when I have enough money to retire’? Dave said that if he used the average salary in the US of $60,000 and that 15% of that ($9,000) was saved from age 30 to 70 (40 years), that you would end up with about $8 million. Can anyone help me figure out how he has arrived at the figure of $8 million? +There are lots of different things happening in the UK at the moment. Northern Ireland has the new trade situation between the UK and EU, Scotland might reattempt independence, Manchester seems to be doing well and London is ... London. + +If you had the freedom to choose where to buy a house and move to, with the option of starting something new, where would you move? + +While I would love to hear different people's own perspectives and priorities for something like this (particularly from those likely to be more savvy about housing markets and the UK economy in general), I can't remember if the rules on this subreddit require a specific problem to be presented. In which case, I find myself with the option to move anywhere in the UK. My current job can operate remotely and my wife is choosing UK regions for her job which would commit us to that region for a decent period of time. We have savings and are ready to put a deposit down on our first house and plant some roots for at least 8 years. In that time I would aim to build a second startup with new people from that region (as a technical founder). Ideally we would be buying somewhere that can accrue value while still being a nice place to live on day 1 (hopefully that isn't paradoxical). There are other family/friend connections etc which of course complicate matters, but for a freer discussion, let's ignore those. + +Where would you bet on if you had the choice? + +What things would you prioritise if you were deciding between UK regions? + +What mistakes have you seen others make that should be avoided? +Other than the obvious decrease in income? I'm wondering if there are any long term implications? My situation is that over the past couple of years I have felt too unwell to do my supermarket job and was lucky to get a WFH job in summer 2021. My health has got worse to the point that I struggle to even work from home and then manage to do chores etc. I've come to the point where I feel too tired to do anything on the weekend and need to rest. I basically have no life. The GP hasn't found anything substantially wrong with me and I have no diagnosis. + +I live in the family home (parents died) with my sibling. There's no mortgage to pay. Other than the bills for that and the one car we share, I have no other expenses. Over the pandemic, my sibling's mental health has gotten so bad that my own mental health has really suffered and I'm struggling to cope with them. I feel that if I go part time (pretty sure my work will be ok with that) things would get better for me as I can't cope with things the way they are and something needs to change now. I don't qualify for any benefits and my salary is £19k (temporary contract until at least April but work have said they're going to offer me a permanent contract). I've been able to save just over £6k last year and I also have an emergency fund. + +I have been reluctant to sell up, split the house cost and move because as it stands, I didn't think that I would be able to afford to buy a place outright that was in a decent place (I can no longer afford to live in the town that I am in). However, living in this situation has been too difficult and I've realised we need to sell and move away, even if it means I have to move hours away to a more affordable place. My sibling is in a much better financial position as they earn £40k in a permanent job. + +The thought of clearing the house and moving while working FT fills me with complete dread as I know I won't cope with that. I feel like the way I live my life now with my lack of other expenses, I could afford to go part time but I don't know whether this is a stupid decision that will hinder me in the long-term. I don't have any other family or financially-literate friends so I hope you don't mind me asking for advice. +This asshole is 35 and single still calling his mom everyday to talk to her Bc the big bad world is scary. + +The asshat yesterday showed my class what Economics can do to you as a major and he with his PhD showed off his Robinhood account. Dude has over $1.2 million and started trading this past year. + +Mf is the most socially awkward, and horrible professor that I’ve ever had and he just Yeeted $20,000 at Robinhood and had over a 1,600% return. I almost asked to marry him to get half on the divorce and I’m not gay. + +I almost want to give up on my major and just do economics even the he is god awful professor. Like dude has all this tendy money and he rents a damned apartment. +https://www.barrons.com/news/china-orders-ant-group-to-return-to-online-payment-roots-01609145405 + +Ant group looks like it will Be forced to return to basic money transfers and concede any realm which may interfere with Chinese banking giants (Crony communism ehh?) + +Ali Baba Has also implemented a 10B stock buyback, but it wasn’t enough to keep BABA from trading lower in Hong Kong in the early hours. + +Just when we thought the worst was behind us last week ... +Hi guys, you can read my post history. I live here and believe in crypto. + +In paper this proposal sounds "good" but never something done by the goverment has worked. + +The date is August 20th, will keep you informed. + +https://www.reuters.com/article/us-venezuela-economy/venezuela-to-remove-five-zeroes-from-ailing-currency-idUSKBN1KF36V + +https://247wallst.com/economy/2018/07/26/venezuela-to-drop-5-zeros-from-currency-back-it-with-crypto-token/ + +Any question, AMA. +[ECJ Press Release - The Court of Justice sets aside the judgment of the General Court which had upheld the fine of €1.06 billion imposed on Intel by the Commission for abuse of a dominant position.](https://curia.europa.eu/jcms/upload/docs/application/pdf/2017-09/cp170090en.pdf) + +**Background:** + +"According to the Commission, Intel abused its dominant position on the worldwide market for x86 CPUs from October 2002 to December 2007, by implementing a strategy aimed at foreclosing a competitor, Advanced Micro Devices Inc. (AMD), from the market." + +**Minor footnote:** + +"The Court refers the case back to the General Court so that it may examine, in the light of the arguments put forward by Intel, whether the rebates at issue are capable of restricting competition." + +Cliffhanger for another 8 years of antitrust proceedings. +A lot of people are probably new or didn't frequent this sub much in the past but for our core group of regulars it's no secret that the quality of posts and comments has degraded significantly recently. Some of this is just normal growth, some of this is drama in WSB spilling over to this sub and increasing the amount of adolescents we have here, and a lot of it is very new posters coming here given recent economic events. + +So here's the chart of monthly uniques and pageviews https://imgur.com/qQPk60F + +The mod team is removing a ton of comments and threads but some of this just seeps through. A year or two ago this sub basically moderated itself, we'd remove a few advice posts a day, maybe ban a spammer, and maybe once a week give someone a timeout for conduct. We now ban dozens of people daily for personal attacks and political nonsense, so we're actively trying to remove this element from the sub but I figured everyone would be interested to see just how much volume has jumped recently. + +Anyway that's it, just wanted to share. +Hey everyone, + +I saw this [post](https://www.reddit.com/r/AusFinance/comments/9uakio/super_comparison_table/) archived on r/AusFinance from ages ago and thought I'd follow suit and create an updated version for my own research from dozens of PDSs of some popular super funds. Thought I'd post on here for anyone's benefit. + +I've been constantly switching funds across my various jobs during my teenage years without giving it much thought but I started to become a little more observant of the annual fees since I've recently landed a permanent gig. + +Note that there's some 5yr and 10y p.a. return rates that I wasn't able to locate. If anyone stumbles across these please let me know! + +https://preview.redd.it/itvez327xyl61.png?width=2576&format=png&auto=webp&s=60000c82d33a160982887ef17e2b795f97ddd463 +If 200k is really the 'new 100k' (if one were to go by this sub) and given the inflation is through the roof, shouldn't the tax brackets move accordingly? + +Can I propose ;-) + +30k tax free and then on proportionately? + +Thoughts? +Please use this thread to discuss how amazingly cheap you are. How do you keep your costs low? How do become frugal without taking it to the extremes of frupidity? What costs have you realized could be cut from your life without pain? Use this weekly post to discuss Frugality in general. While the Rules for posting questions on the basics of personal finance/investing topics are more relaxed here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +We both file '0' for Excemptions/Withholds on our ~~W2s~~ **W4s**, and make just about the same yearly - yet I ended up owing (albeit not much) and she got a pretty nice refund. + +FYI we filed jointly, but we both ran our numbers through Turbo Tax before filing just to see where we were independent of each other, which is where we noticed the disparity. + +She mentioned that because I say I'm 'Married' for my 'Martial Status' on my ~~W2~~ **W4** is the reason I get less taken out per pay period. Is this true? My understanding was that your Exemptions determine what is taken out for taxes, not your marital status. + +Thanks! +Wife and I are thinking about starting to try for a child and I'm curious as to how much having a child changed everyone's budgets? There will obviously be added costs for diapers, food, daycare, etc. but I'm also thinking other budgets may be able to be decreased for a while (going out to dinner, entertainment, etc.). + + + +Would love input from everybody on how to plan for this and what advice you would give me. Are there things nobody thinks about that I should consider? + + + +EDIT: The reason I ask is because my wife is considering a job change. It would be doing something she loves but would come with a $1,200 a month (take home) pay cut. And she would not get paid maternity leave (which would be really rough). It would also be three days a week instead of five. Those other two days she could stay home with the child and save on daycare expenses. Also, my mother is a daycare provider that lives a few blocks away. We will still pay her but it should be significantly less than any other option. +[The Atlantic posted this article on wealth](http://on.theatln.tc/PIMZNlE) and I thought it interesting on how in the survey researchers did they found wealthy people compared themselves often to other wealthier people. +Been lurking for a few years. Awesome sub. Thought I'd post about what I've learned about my journey and ask a question. + +**My question is this:** + +What's the difference in lifestyle of $1m, $10m, $100m and $1 billion net worth and is worth the hardship to attain? + +**Why I ask:** + +I'm considering selling my company for a nice win ($5m-$20m windfall depending on multiples) so I can focus on diversifying my net worth, starting new companies with my free time, and not having to run day to day operations of my ventures (which I hate as I find it boring). I prefer starting stuff vs having a job. Loads of ADD and love the adrenaline of starting vs scaling via process creation. + +If I don't sell, I can either hire a full time or stick with it for longer, but I don't love the third option. + +I'm very nervous about having most of my worth in my company and am wondering if a quick, nice win of $10m is worth it so I can do different stuff with my time. That said, I'm also nervous about selling early and giving up loads of potential upside that can be captured as soon as 3 to 5 years...so, I'm trying to figure out if the risk is worth it. + +Is the difference between $10m and $100m huge? Does $10m set you up for a luxurious life? Is all this worth the suffering while were young? I just have loads of questions that I can ask "normal" people or my family. + +**Context**: + +I've been very lucky. I've started companies all my life and through luck and hard work, I've created a cool company that makes good money. I've also created a skill set of making money online and creating a good reputation that pretty much allows me to easily make $10k/month, so I'll never go hungry and have downside protection. + +**Current situation** + +\- 29 years old + +\- Life long entrepreneur. + +\- Live in the Bay Area. From a middle-class family in the south with 0 Silicon Valley connections. Left college with nothing and slowly built my career into what it is now through luck, skill, and networking. + +\- Newly married. She works at a big tech company. She's younger than me and comes from wealth ($1m-$3m trust fund), but is self-motivated and hasn't taken money from the family (yet, at least fund). No plans to have kids yet. + +\- Household income of $500k in 2018. $600k in 2019. $500k in liquid assets. Income's from rental income, cap gains on startup investments, consulting, stocks, salary ($200k to $250k each), and a few odd digital products I've made. + +\- Low expenses for where we live. No car, $4k monthly rent, don't party, no kids, no watches, fanciest thing I own is a computer. But I would like to own lots of land. Ranches, big houses, personal gym, hunting lodge...I wanna create an outdoorsman fantasy factory! + +**My current company** + +\- It's 3 years old. + +\- Does $1m in monthly revenue, $300k monthly profit, grows 10-12% monthly + +\- It's not recurring revenue, but close. It's predictable revenue, but not SaaS. We sell digital products with big contracts. + +\- I rely on key employees (salespeople, devs), which is the main point of volatility. + +\- Companies growing like us in our industry sell for 1-5x revenue. We were offered 2x already. So we're worth between $10m to $50m...but who knows. + +\- There's a path to $2m in monthly revenue in the next 12-18 months. There are dozens of companies like us that do billions in revenue. So if we take funding to grow faster or bootstrap for decades, the market is there to be big. + +\- I've raised $1m in funding. + +\- I own 60% of the company. The rest is key employees, option pool, investor convertible notes. + +\-- + +I will post more as I have many questions. I will also try to share things I've learned about my journey as I've learned a ton from you all. Thanks. +**Hi-diddly-doo fellow Aperino's!** + +[Not to scale. Ape mimi is a big ape. Big ape brain with wrinkly smooth squinkles.](https://preview.redd.it/pav5n7lh8aw61.jpg?width=535&format=pjpg&auto=webp&s=4ffefec4efd1d857860de52977cb552e360c8131) + +**Nurse Mimi the medi-ape is here for your daily run down! I have been away working very long shifts so couldn't post, but am back now with lots of content!** + +**I hope you are comfy with a nice hot (or cold) drink, ready for your digest - it will be long - as per usual.** + +**---------------------------------------** + +**EXTRA EXTRA!** + +**Susanne Trimbath is our QueenKong! OOooK OOOoook OOOoook!** + +[ u\/DashLeJoker ](https://preview.redd.it/eu6yn0ys8aw61.png?width=640&format=png&auto=webp&s=32d09e4c719a639d0a8e80ad9998a0b2e50d9649) + +**As many of you know, there was a AMA with Dr.Trimbath and she gave us plenty of confirmation bias. It's so nice to have what we know validated by someone who worked on the inside!** + +&#x200B; + +[ u\/Dizak55 ](https://preview.redd.it/dnutkp4i9aw61.png?width=640&format=png&auto=webp&s=81f270fa65c3047cce1c9b70d91dfa17ea07a69b) + +\--------------------------------------- + +**---------------------------------------** + +**Contents:** + +**Section 1- DD/Stocks/Analysis** + +**Section 2 - HF's/Banks/DTCC** + +**Section 3 - Motivation** + +**---------------------------------------** + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 + +**---------------------------------------** + +**Section 1- DD/Stocks/Analysis** + +**---------------------------------------** + +[**u/hell-mitc**](https://www.reddit.com/user/hell-mitc/) **posts:** + +"So, the data is clear with one consistency - Keenny Boi the Squeezy Boi has been calling all his trust fund friends and they have been passing ownership to Citadel AT AN ALARMING RATE. + +In the last 2 months alone: + +* Citadel has taken beneficial ownership of over 25% of the capital of 56 different SPACs + * Totaling over $4B in capital + +AND + +* An average of 18% ownership of 28 corporations + * Totaling over $3B in capital + +https://preview.redd.it/5l0mc4odaaw61.png?width=1055&format=png&auto=webp&s=efd304830d16223a417c57f068012d25dc3dbc49 + +Did you think that Warren Buffetts famous saying about being patient is about throwing your money in a fund and letting it grow at 2% per annum? No you fucking idiot, it's about researching where the money is going and who is making mistakes. These people have made a huge mistake, and we just have to be patient. No more expecting this shit to moon tomorrow. These people will do anything at this point it seems to make sure the peasants don't get their tendies. And if you want tendies, you just have to continue to wait and let them liquidate their assets and bring it all back from off-shore. It will mean we don't need a bailout and our tendies will be glorious. We can even flush the governments with cash to make a difference and not work for rich people only. But that is it. Just fucking wait. " + +**ELIA: Buy and hodl.** + +[It's Just a Bug, Bro Part 7: It's Actually a Simulation : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/n1j3nz/its_just_a_bug_bro_part_7_its_actually_a/) + +\--------------------------------------- + +[ u\/keenfeed](https://preview.redd.it/fg62jjpscaw61.png?width=640&format=png&auto=webp&s=b9983d3e6a06dcd143770329782cf68b05d9ea3b) + +[(2) This is how it starts. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/mz6kmg/this_is_how_it_starts/) + +\--------------------------------------- + +[**u/According\_Bee2757**](https://www.reddit.com/user/According_Bee2757/) **posts:** + +" Hello, you horrible lot. I am back to give you another dose of that sweet confirmation bias after generally positive feedback from my post yesterday describing [Market Tops & Distribution Days](https://www.reddit.com/r/Superstonk/comments/n0htur/the_end_is_near_market_tops_distribution_days/?utm_source=share&utm_medium=web2x&context=3). + +In my ape-ish opinion, there are three potential ways that this is going to play out. Ranked from least likely (1) to most likely (3) + +1. Retail buying pressure increases, outside retailers FOMO in, hedge funds are margin called +2. Daddy Cohen releases some game-changing news, acts as a huge catalyst, hedge funds are margin called. +3. The market crashes, hedge funds are margin called + +I like to keep speculation out of my DD as much as possible and enjoy working only with evidence. If we put these together, we get a very basic mechanism. + +1. Hedge funds are using leverage to increase potential profits +2. Leverage can also amplify losses +3. A margin call occurs when the value of a margin account decreases +4. The value of a margin account will decrease because the value of the underlying securities have decreased (i.e. a market crash) + +Leverage + Market Crash = Margin Call " + +**ELIA: Buy and hodl again.** + +[Why a Market Crash Benefits Gamestop : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/n11nbe/why_a_market_crash_benefits_gamestop/) + +\--------------------------------------- + +&#x200B; + +[ u\/Ben\_R\_R ](https://preview.redd.it/p6qlhgu5daw61.png?width=640&format=png&auto=webp&s=9aae87c13a8c3461520ce92cf07642a5e2974f3c) + +[(2) We Got This, Apes! HODLing Is Sooo Easy. : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/n18f52/we_got_this_apes_hodling_is_sooo_easy/) + +\--------------------------------------- + +[**u/CommanderKeyes**](https://www.reddit.com/user/CommanderKeyes/) **posted a daily roundup of DD:** + +[(2) Daily DDs/News/Discussions Compilation - April 29, 2021 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/n10j3a/daily_ddsnewsdiscussions_compilation_april_29_2021/) + +\--------------------------------------- + +[**u/ThoughtfullyReckless**](https://www.reddit.com/user/ThoughtfullyReckless/) **posted a weekly roundup of DD:** + +[Weekly DD roundup: w/e 04/25/2021 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/myc8ch/weekly_dd_roundup_we_04252021/) + +**---------------------------------------** + +**SECTION 2 - HF's/Banks/DTCC** + +**---------------------------------------** + +[**u/BeebsGaming**](https://www.reddit.com/user/BeebsGaming/) **posts:** + +In order for this squeeze to happen, the entities (Regulators, HFs, and MMs) need to allow it to happen. Right now, the sideways trading of these stocks is being controlled by these three players. Make no mistake, everything that is happening is coordinated and in place to minimize the damage this causes to the global market and it's primary players. That is the only way these stocks can be so heavily controlled and stable, how interest rates on short shares can be so low, and why we see huge volume in the dark pools. + +ALL THAT MATTERS RIGHT NOW IS FOR THE RULINGS AND REGULATIONS TO BE PUT IN EFFECT. WHEN THEY ARE, THE REGULATORY AGENCIES CAN ALLOW ANY HEAVILY SHORTED STOCK TO SQUEEZE. IF THESE WERE TO SQUEEZE WITHOUT THE REGULATIONS IN PLACE, THE HFS GO DOWN, THE MMS FOLLOW, AND THE REGULATORS DROP LAST. + +So, what are the regulations that need to be in place before they open the flood gates? How do they all go hand-in-hand to provide regulatory control over the squeeze? + +DTCC-2021-002- Enhances the methodology for setting investment limits and caps on bank counterparties (IE. investors, including HFs, that are borrowing shares, funds). Limits amount of lending allowed based on credit rating and equity capital. APE SPEAK: Reduces the amount any party can borrow. Limits HFs ability to become overleveraged in their short positions. + +DTCC-2021-003- Increases frequency of position reporting to the DTCC. Adds fines for inaccurate or delayed reporting. + +DTCC-2021-004- Increases oversight and liquidation capabilities of the DTCC to protect all of it's members. Sets margin call limts for any member in a heavily over-leveraged position. Essentially, it is an insulator to an uncontrolled squeeze by allowing the DTCC to liquidate assets of an overleveraged member to minimize the over-leveraged positions' impact on the rest of the DTCC's members. It also states that it will not "bail-out" a member who is in an over-leveraged position, which is HUGE. + +DTCC-2021-005- This is the biggie. This ruling prevents using synthetic shares created by deep ITM calls and married puts from being used to cover REAL short positions. It links any of these synthetic shares to the call or put that created them. + +NSCC-2021-801- Maintins the Daily Liquidity Requirements of Hedge funds if the DTCC deems necessary (ties closely to DTCC-2021-004 and 002). DTCC rules set the expectation, the NSCC rule declares the limit and enforcement of it. + +OTCC-2021-801- This one fascinates me, and is perhaps the smoking gun of how everything here comes together. This ruling augments the procedures for an asset auction, and allows more parties to be involved in an asset auction. When the squeeze happens, it will almost definitely put some HFs out of business. They will default on countless short positions, loans, etc. When they go out of business, you can't just take their long positions off the market because that will crash the markets. So, what do you do? You auction them off to competitors. + +Being that this was posted to the Federal Register on March 10, and no notice to suspend or continue further investigation on it has been posted to the SEC website, this should have taken effect on 4/24/2021. As we have not seen a revised version that has the section at the bottom which reads "It is therefore noticed . . ." I cannot be 100% sure, but this should be in effect. + +To those of you saying it all depends on whether or not the DTCC, NSCC, and SEC enforce the rules once they are in effect: DTCC-2021-005 isn't a question of enforcement. It fundamentally eliminates the HFs ability to reset the FTD timer. Once they cannot use married puts and deep ITM calls to clean their slate, the shares go FTD and most be covered within T+7 days of expiry + +**ELIA: DTCC doesn't want the boom of snakes to mean boom of DTCC, so they are making rules to make sure snakey HF's go down and they are safe. Ape hold.** + +**Apes who need an wrinkle, read more below. The post has so much more information!** + +[(2) $AMC & $GME: THE LATEST POSSIBLE DATE THE SHORT SQUEEZE CAN BE PUT INTO MOTION: THESE RULINGS ARE ALL YOU NEED TO PAY ATTENTION TO. BUY AND HOLD $AMC $GME : DDintoGME (reddit.com)](https://www.reddit.com/r/DDintoGME/comments/n1eypj/amc_gme_the_latest_possible_date_the_short/) + +\--------------------------------------- + +[ u\/RealMelonLord ](https://preview.redd.it/u7k67sjidaw61.png?width=600&format=png&auto=webp&s=03281f5eb8c16647a363afc7c98e45a6620777cb) + +[(2) When the DD's TLDR just says "Read the whole thing, it's worth it." : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/n1412q/when_the_dds_tldr_just_says_read_the_whole_thing/) + +\--------------------------------------- + +[**u/NotsoPG**](https://www.reddit.com/user/NotsoPG/) **posts:** + +[\\" You're telling me... that big banks like Morgan Stanley are allowed to legally commit naked shorting on their own investments to try and boost the stock? After I thought they were made illegal after the 2008 financial crisis... So Morgan Stanley Nakedly shorted Uber's stock right before going they went onto the market to try and give a boost. ](https://preview.redd.it/e2uecb4oeaw61.png?width=1025&format=png&auto=webp&s=c0bc5ff435543cc1b3cefea6a29322b0afd6e3a3) + +[ So you mean that it just happens that this tactic just so happens to have the same name as the practice outlawed after the 2008 crash? Seriously? So if the rich ever seem about to lose money, just do some naked shorting and get it all back, with full permission. source for above screnshots \\"](https://preview.redd.it/cbld8lrueaw61.png?width=992&format=png&auto=webp&s=e9ca130fc8ca1249ce893ffff2902d51fc2b2b87) + +**ELIA: Buy and hodl.** + +[How big banks have been allowed to manipulate the market forever by law enforcement failures Part 2 (Morgan Stanley and FINRA) : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/n1iq6i/how_big_banks_have_been_allowed_to_manipulate_the/) + +\--------------------------------------- + +&#x200B; + +[ u\/DigitalSoldier1776 ](https://preview.redd.it/vogus23ufaw61.png?width=803&format=png&auto=webp&s=c0af171a42142d53427ad9194fa2e4355b0e6bd1) + +[(2) A fierce champion, speak softly but carry a big stick : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/n1h226/a_fierce_champion_speak_softly_but_carry_a_big/) + +\--------------------------------------- + +[**u/NotsoPG**](https://www.reddit.com/user/NotsoPG/) **posts:** + +[ ](https://preview.redd.it/xubmzo4gfaw61.png?width=2911&format=png&auto=webp&s=154d29d5e4762ef3547da6d3e95ee8b157c5199f) + +"All this info, just on the Wikipedia page. The DTCC and SEC being too secretive on their knowledge of naked short selling. The DTCC using the same Goldman sachs excuse of "not my problem, just some of my clients/employees." Clearly the government is not doing enough, with all lawsuits being dismissed and no hearing on the issue being called despite being "serious enough' to warrant a hearing." [Source](https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation#Controversies) + +Now maybe going back to that article wouldn't be so bad. Seems as though they weren't just making things up for content, regardless of "conspiracy" or not. + +https://preview.redd.it/oc3ztrdifaw61.png?width=1253&format=png&auto=webp&s=632e376e6262d9a008e4620c04a3d98aa959c035 + +As per usual, a solution is presented but ignored. The DTCC, of course being dominated by the big banks rather than our civil servants, simply had the proposal gotten rid of. Should I even have to prove this article as having merit this time? It's directly quoting a book. [Same source](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) " + +**ELIA: Buy and hodl.** + +[(2) How big banks have been allowed to manipulate the market forever by law enforcement failures Part 1 (Goldman Sachs and the DTCC) : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/n0qnz6/how_big_banks_have_been_allowed_to_manipulate_the/) + +**---------------------------------------** + +**SECTION 3 - MOTIVATION** + +**---------------------------------------** + +[u/bkyle5678](https://www.reddit.com/user/bkyle5678/) + +[ Simple MAFF.](https://preview.redd.it/d6kqgb3f9aw61.png?width=640&format=png&auto=webp&s=89bd4d0db2b70839693d2e0b70be8207f77a73e2) + +\--------------------------------------- + +[u/outofweedsendhelp](https://www.reddit.com/user/outofweedsendhelp/) + +[Many can relate to this.](https://preview.redd.it/y11fe9m0gaw61.png?width=501&format=png&auto=webp&s=d4be5a5c84e3f3986602013f543516dedd20af11) + +\--------------------------------------- + +[u/Murrchik](https://www.reddit.com/user/Murrchik/) + +[What do we do on payday? BUY AND HODL!](https://preview.redd.it/k44p0874gaw61.png?width=650&format=png&auto=webp&s=00ffb94eb9841c91b7fd8ac6d8a26e6bca70f3cf) + +[(2) I feel like getting some lottery tickets today 🚀🦍 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/n1q24a/i_feel_like_getting_some_lottery_tickets_today/) + +\--------------------------------------- + +[u/Enkinz](https://www.reddit.com/user/Enkinz/) + +[U apes wiping our tears with our tendie money when we miss each other.](https://preview.redd.it/yjfghmkkgaw61.png?width=640&format=png&auto=webp&s=da8d462ca619797954c53ece530b8e9514e4490b) + +[(2) Billionaire tears : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/n1die6/billionaire_tears/) + +\--------------------------------------- + +[u/TheDeadlyLampshade](https://www.reddit.com/user/TheDeadlyLampshade/) + +[When the hedgies try to make us imagine how bad life would be if the MOASS happened when actually it will help countless lives.](https://preview.redd.it/pawwzlkrgaw61.png?width=640&format=png&auto=webp&s=c86269618c8c7af4b45cad682585bf9134f6cbcd) + +[(2) This is what the shorts are like, right? : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/n1phnw/this_is_what_the_shorts_are_like_right/) + +\--------------------------------------- + +[u/BornLuckiest](https://www.reddit.com/user/BornLuckiest/) + +[ Right now the \\"Battle of the 180 Calls\\" is being waged. Who will win? The odds are stacked in the favor of the Hedgies. They have the most advanced weapons, whilst we are armed only with spears.](https://preview.redd.it/tth1hwiohaw61.png?width=2765&format=png&auto=webp&s=d36227478b0ef49dbf504d6b59bffe016cf0b37f) + +I'm here on the frontline with my own weapon, a lovely leafy green crayon (Pantone 1555-EST), that I will sharpen and use as a spear. + +I'm ready for battle, I don't know what difference a single ape can make, but I also know I won't be alone. + +Ape, this is our test, how many apes will turn up for battle? This is a leap of faith because we do not know for certain, but if it's just me and you then the greater the share of glory when we win! + +I don't know much, I'm a smooth-brain, but I do know this; I'll protect you ape, even when we have nothing left to fight with, just stay behind me. My life before yours. + +APES STRONG TOGETHER + +**ELIA: APES STRONK TOGETHER** + +[BATTLE OF THE 180 CALLS : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/n1oz4p/battle_of_the_180_calls/) + +\--------------------------------------- + +**ELIA of all my ELIA's: Buy and HOOOOOOOOOOOOOOOOOOOOOODLLLLL!!!!** + +\--------------------------------------- + +**Thank you for reading. I am crippled from my long-ass shifts. Will post again tomorrow.** + +**Lots of love,** + +**Nurse Mimi** + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 +My fiancee and I are lucky to have high incomes in a HCOL area, but I'm curious to hear your collective advice about our situation. I'm considering leaving my $375k/year (including bonus) job in favor of a much less stressful $115k-$140k government job. We're thinking about having children with 2-5 years. I could be persuaded to hang on if I knew FIRE was close at hand. Here are our details: + +Me: 30-years old. 70-hour a week job with lots of travel and stress. Total comp of ~375k/year. Full 401(k) match and other perks. + +Her: 28-years old. 50-hour/week job with commensurately less travel and stress. $210k base salary and $50k bonus with lockstep increases of roughly 9% each year. 401(k) plan with no match. She loves her job (for now) and has no plans to leave. She's frugal on things like clothes and impulse expenses, but we both enjoy nice restaurants, live sports, and travel. + +Assets. + +80k in checking/savings accounts. We have not yet merged finances, so we both have emergency funds, plus ~20k cash on hand to cover expenses. We both travel a lot for work, often internationally. We advance the costs for our travel out of pocket. This requires us to have more in our checking accounts to pay off our CCs each month. +97k in 401(k)s. +12k in Roth IRA +22k in taxable brokerage (90% VOO, 10% SCHA) + +Liabilities. + +19k in credit card debt. We pay off our cards monthly; this is just the current balance on Personal Capital. Approximately 60% of expenditures on our cards are work related and are fully reimbursed by our employers. +48k in student debt (refinanced through SoFi at 3.4%). I paid off my student debt in full in December '17. This debt is my fiancee's (thank you, ivy league). + +Expenses. I estimate our total annual expenses at $95k/year. This includes $3,400/month in rent, bi-monthly apartment cleanings, partial season tickets to our local MLB team, weekly dinners out, membership with local theater company, two nice vacations/year, and other luxuries. After we get married, we plan to move to a local suburb and cancel our season tickets, lowering our annual expenses to ~80k. We will be looking to buy a home in 5-7 years, depending on children. + +Questions are: + +1) If I stay at my current job, how far away are we from FIRE? +2) How far away are we from FIRE if I move to a government gig? +3) We plan to live on no more than on income after we get married. We plan to deposit all of her income into a separate checking account that is not linked to our credit cards and will only be used to deposit money into savings and/or brokerage accounts. Any other advice for a soon-to-be married couple combining their finances? + +ETA: We both started these jobs in this city a little over 2 years ago (right about the time we met, actually). She had just graduated from law school. I graduated a few years earlier, but had worked in the government for little pay. We each had ~200k in student debt when we started our jobs here. And we also consumed more (at least I did) our first year making the money--I didn't know about FIRE! + +ETA2: I'll do a better job tracking my expenses and will report back with progress. + +ETA3: Thanks for all the comments and feedback, I did not expect this much of a response and I really appreciate all the advice. + +Edit 4: Fudged a few work-related details to avoid identifying myself. +Recently closed on a SFH and looking a year out when I can buy again. My debt to income ratio was a difficult enough hurdle with the first property, even counting rental income from this property I don't see how I will be able to get over the debt to income ratio requirements on my next property. + +&#x200B; + +Any tips on dealing with this situation? +While I was looking to buy for a while, I am not shifting my mindset to just sit for a year and so and (hope) for some type of correction. It kills me to try an time the market, but RE in my area is holding such a premium with properties going above asking. +I’m 19 with close to 30k cash saved up, I got my pre-approval letter from the back for an 110k loan 30 year fixed. And the banker set me up with an Realtor/ investor in the same market I want to be in (west Cuyahoga county/far east lorain county(middle class Ohio)). This is also where I live. + +He is legit, we are looking at a couple houses this Saturday for a flip(80-100k) range. I will be doing all the easy repairs such as flooring paint and other little such as I feel comfortable with. It will be my first house and I have no prior experience or knowledge besides YouTube University(lol). So any lessons, advise, pointers game plans, or anything is greatly appreciated. +I want to hear people's thoughts and why you subscribe to a certain belief when it comes to handling repairs. I have a sfh with a 25 year old furnace. It just went out and I could spend 1700 to repair it or 6k to replace it. This unit puts about $500 in my pocket every month but I also have a 21 year old water heater and galvanized pipes so I know these things are coming but I always go back and forth between doing a bandaid or just outright replacing the problem and would love your thoughts. Please dump wisdom on me real estates daddies. + + +Edit: thought I'd share since I just made the call. I'm replacing the water heater and furnace along with some exhaust chimney repairs for 9k on the dot. my tax situation is a little wonky and this rental is operating as sole proprietorship for this tax year so the costs will help me at tax time thankfully as my house holdincome usually leaves me with a tab from uncle sam. I ended up going full replacement because a year ago I got several estimates and the prices had nearly doubled on the water heater. Do any of you get routine quotes to hedge against crazy inflation? Some new regs (unsure if state or fed) are driving costs up so I bit the bullet. With the water heater having not failed per say will I have to take that on the back end as an improvement or since it's so far past it's service life can I treat it as a true repair and take the write off this year? + +I know I should speak to an accountant but like all good accountants mine is 75 years old and asleep by 8pm so Im sure he will email me promptly at 530 am Monday. +I recently had a large life realization that I'm not doing enough to leverage my money. So I'm looking to either flip a house with sweat equity, or buy a foreclosure. I have a good credit score (ony 1 year of credit though), own a business and also work one day a week at a real estate office. I have 35000$ available for down payment/flipping expenses. I have a strong work ethic, and I learn quickly. Any advice or resources I should look into? Looking for a good list of books/people I can talk to. +My husband and I are looking to get into real estate investing. While we do not have a lot of cash flow at the moment, we own an additional lot next to our home that I think could help us get started. I am thinking it could be beneficial to purchase a tiny house on wheels for that property and rent it out each month. We would only rent it out to people that we know (possibly his sister). I understand it would cost around 50k to install the tiny house and could take up to 8-12 weeks to have it completed. Time is not an issue. The issue is that my husband is not comfortable with the idea of a tiny house, he would rather build a small home on the property and rent that out. My thinking is that in the future we could always sell the tiny house or use it as a guest house/pool house depending on our future situation. We also have 2 children and plan to give the land to them one day, along with our current home. I feel as though stick building would be a bigger expensive and obviously a permanent change, where as the tiny house is more versatile. + +The idea is to make it a small rental on our property and charge around $1,000-1,200 a month. It would help with our mortgage and give us a small taste of what it’s like to manage a property. + +Any pros and cons or advice is much appreciated! +Im in a big FL metro area and found a decent condo 2/1.5 for 85k about 20 min from city in a smaller town (40k population). It has rented the past 7 years for $800 to $950. It has 100 units and most are landlords as opposed to primary residences. + +Toured the place and it might need 5k in work (windows are old, bathrooms and kitchen are a little scratched up from previous tenants). + +Did numbers: +950 rent income +- 206 hoa +- 100 taxes +- 125 insurance +- 70 vacancy +- 100 repairs / maintenance +- 95 property manager + +So it has about $700 in expenses before even considering a mortgage. If it were to be bought in cash it may earn $250/month which is only ~3%/ yr. + +I have noticed rents and home prices going up overtime, but i dont want to buy to count on something like that. + + +Town has 40k people. Median household income about 37k. + + +This is one of the best deals ive found so far lately, but still doesnt seem great. What do you guys think? +I had tenants who didn't pay rent during the last month of their lease. They said to just "keep the security deposit, since there's no damages that were our fault," (hahahaha) referencing their opinion on some damages that were caused earlier in the year due to their negligence. + + +In total they owe me $2000 rent + $350 for a plumber + $250 for a cleaning (the unit was dirty) + $100 for some basic maintenance + $X for removing the belongings they left behind (TBD). Their security deposit only had $1800 left in it, so the total debt owed is still $900 + X. + + +I have a pretty cut-and-dry small claims case for the debt owed. Through a benefit of my work, I am able to get assistance from a lawyer (minus them actually coming to court) for free. The lawyer is encouraging me to track them down and go. I found their new addresses simply by googling their names, so I know I can serve them. + + +Let's say I get a judgment for $900 + X. I'd probably have to pay a collector for this, or have wages garnished. Does anyone have experience for this? I feel like most collectors wouldn't care about an amount this small. I am in Massachusetts, if it helps. + +Any pointers welcome. The time to go to court and present my case is negligible for me. I'm just curious about my odds of getting any money here. +Anyone here familiar with section 8? I have a home that’s being rented for $1,850. + +Someone who applied has a section 8 voucher for $1500 + +How does the rest work? Is that just cash then? Anyone do anything like this? + +Thanks in advance +I am in the process to buy my first Real Estate Rental Investment Property in Savannah, GA through Roofstock and can't belive I am finally posting on Bigger Pockets. I was waiting to find the property that runs my number and potentially generating cash flow for me which I think I found it but again I am a newbie so was looking for some insight and guidance that can help me to ensure I am considering all the factors. Below , is the details of the property and numbers I am looking for. + +Property Type - Single Family House , 3 bed 1 bath (800 sq feet) Built in 1960 close to Savannah downtown. + +Sale Price - $62000 (Zillow estimate is $54k, but again based on appraisal I shall negotiate if it comes under the sale price  + +Neighborhood - Class C (According to Roofstock rating). The zipcode 31405 overall rating on niche.com is B-. + +Rental - $950/mo (currently rented) + +Down payment - 20% and Interest rate is %6, Excluding (P&amp;I, Taxes, Home Insurance, Vacancy Factor, Property Manager Fees, Reserve Repairs ) I see $180-$200 Cash Flow Income . + +Based on the inspection report there are some immediate repairs ($1200) , the seller is replacing HVAC and the roof is 10 years old . (Seller rehabbed the place and he bought in foreclosure . The seller company is HomeVestor which is essentially Real Estate Company. + + +I live in Atlanta , GA and I have some insight on Savannah Market but , again this is my first time experience and wanted to make sure I am not being just excited but also trying to be careful. Appreciate all the comments and feedback in advance! +I want to send an email to a real estate brokerage to make a deal with them. I don’t want to conclude the email with “ so do we have a deal?” I want to sound professional. What should I say? +Note: sorry if I’m posting this in the wrong subreddit +I have saved up enough £ (UK) to buy my first property outright in cash with no mortgage! I’ve found one and had an offer accepted but the solicitors with not complete the purchase with funds related to cryptocurrency due to AML even if I show them they are legit through my exchange history and I’ve called multiple all with the same response! Anyone in other countries had the same issues? I’m wondering if other countries real estate markets would be less strict? House prices keep going up and it seems I’m stuck with my funds becoming more and more worthless and no way to use them, is there any way around this to make it appear non crypto related to the solicitors? Don’t want my savings eroded by inflation but not sure where else to put it maybe put it all into stocks and crypto? However I want a fairly low risk investment and still have nowhere to live hence why I wanted a house! +Looking at the comparisons for term deposits in Australia, and the way I see it Judo Bank seems to be offering 4 times the return for a 12 months term deposit as compared to the Big 4. What am I missing from a risk return point of view, as they seem to have the $250k Australian Govt insurance guarantee. Are they a reputable bank to deal with? Thoughts +Moving into an older house that I will own outright and wondering if anyone has break downs of returns on investment for making parts of it greener. + +The no brainer seems to be north facing solar I have space for 6kw of North facing solar. This pays itself of with self consumption in 4 years. I work from home most of my usage is when the sun is highest. + +I've got gas for stove top and hot water. Finding it hard work out numbers for flipping them to electric and disconnecting gas. The biggest saving seems to be the gas connection fees which is about 300 bucks a year. + +Also finding it hard to find numbers for things like double glazing existing windows - we don't use heating or cooling at night and just seems cheaper to throw south facing panels on and run aircon a little more in the day. We are in Melbourne so have a pretty moderate temperatures, we also have a dog so the back door is constantly open so it seems to negate the benefits of adding insulation etc. + +I can do 10kw export to grid but if do a bigger solar system than 6 kw it's all export with current usage. This gives us some room for hot water to be run of solar, but blows the payback period right out to be 10 years. + +Electric car might on the cards in the future and more panels would help in winter but being south facing for the ones over 6kw is going to limit return. + +Battery for house vs electric car is also up for debate. It seems like the car is better investment at the moment but the numbers are difficult especially as we only average about 10,000 kms a year in fuel efficient Honda Civic that still drives like new after 7 years. We are also driving much less than 10kms a year since covid it's probably halfed. + +In most of my calculations I assume 0 feed in tarrifs as it's dropping so quick as we get more solar on the grid. + + +Would love any advice on getting my house/life greener and saving some money. + +Battery vs car vs moving off gas vs insulation etc. +Alright everyone, here we go again. I am going to try to spare us all a ton of detail because we have been reading a lot of it for the weeks now. Atobitt got deeper into the rehypothecation theory so we should understand that to a degree; but this will reiterate it and more, and I feel that we can do better with how the system works. + +I, personally, have tried to *actually understand* the information we all keep throwing out, and I think I have a pretty good grip on it (mind you I am not an expert and anyone who can poke holes in this, please do \[not you shill, fuck you\]). + +Obligatory “**this is fucked**” at the beginning of anything I write, and the fact none of this is financial, legal or advice of any sorts. + +[https://www.newyorkfed.org/medialibrary/media/research/epr/2012/1210cope.pdf](https://www.newyorkfed.org/medialibrary/media/research/epr/2012/1210cope.pdf) + +TL;DR: FUCK YOU READ IT. But I know, none of us want to read anything so here it is (read the last bold paragraph too because it ties it all together). This document seems to tie together how Hedge Funds, Banks, DTCC and the Fed have all been trying to get their numbers to work out. The long hours overnight, the fed system going down, the stopping of sales through brokerages; the rules are in place since the 2008 crisis to allow for A LOT more margin lending with the proper stress tests, solely based on math, tri-party repo transactions, and haircuts (no, not the hair kind). + +· This all ties to GME because it seems that they all have a serious liquidity crisis (because of their margin lending and because GME isn't going bankrupt \[obviously\]), and the price has been kept down artificially (BY EVERYONE) + +· They basically don’t want a mass sell-off of securities (for anyone) + +&#x200B; + +https://preview.redd.it/awjppqzeqev61.png?width=350&format=png&auto=webp&s=f2ca6da08793817b49cc429722b3f4f75d258a11 + +“Because a repo is effectively a collateralized loan, the key terms are the same for both: borrower and lender, maturity date, cash loan amount, interest rate9, collateral eligibility, margin schedules, and the treatment of the contract in the event of either party’s failure” + +Here is your best explanations of what a repo is. It basically dictates how the agreement they (two parties) have in place (Master Repo Agreement \[MRA\]) will be executed or terminated, and *how the margin will be maintained* (bear in mind this is how they loan money; based on the collateral that is available). + +So, lets pretend for a second that we are a massive hedge fund or securities broker that holds our clients shares in Street Name. Now lets pretend that a lot of what we have purchased has been purchased with loaned cash (margin). So, these shares held in street name are held in what we know as cede & co (basically a partner network within the DTCC). Apes are buying all the shares and locking them in in the delivery period, and you need to keep buying shares that you can’t find because they are all sold (see what I am getting at here?). We will revisit this shortly. + +&#x200B; + +https://preview.redd.it/l00w4jlqqev61.png?width=347&format=png&auto=webp&s=0eebdac106a2e159068ca81097d18af903865179 + +“Dealers use the tri-party repo market mainly to obtain largescale, short-term financing for their securities inventories at a low cost. They typically use only one of the two clearing banks to settle their tri-party repos. Large cash providers maintain accounts at both clearing banks in order to transact with dealers at each of them.” + +Anyone care to guess who these two banks are? JP Morgan and Bank of New York Mellon. And who wants to see what the lending rates are for certain securities and bonds? + +&#x200B; + +https://preview.redd.it/9p54gtstqev61.png?width=749&format=png&auto=webp&s=e556398c9edaf2b499b19c067f7da78e265a8dc4 + +&#x200B; + +[That a lot of treasury collateral value...](https://preview.redd.it/q9jhywzuqev61.png?width=688&format=png&auto=webp&s=a7e355e11e3484710803d3128283961e7db74338) + +I can literally feel your eyes glazing over from here, so you ask, how does this tie to GME and what happened hell-mitc? + +Well, lets reexamine for a minute. + +In this document, it outlines how “The GCF market has several functions for dealers. Some use the market for a substantial share of their inventory financing, on an ongoing basis….Dealers also use GCF repos for collateral upgrades, borrowing cash against agencies’ MBS collateral and reinvesting the cash against Treasury securities. They may choose to do this because it is easier to finance Treasury securities than agency MBS” (maybe...uhhh...because they're backed by the people?). + +We have an extensive group of hedge funds, shorting a stock they were sure was going tits up, and now, their positions have exposed them (and their dealers) greatly. If we go back to how they are clients and customers (also in a cash sense**), then they are using this system of borrowing against their securities AND the Treasury securities they hold.** + +Here’s another line that tickles me a little, because this is how our banks tie into this; “A large dealer might have tri-party repo relationships with, say, twenty or more significant cash providers. Each relationship can involve many different deals on a given day.” + +**HAHAHAHAHA** + +So, it would appear that our banks, the Fed, our favorite hedge funds and us, have been putting money into the system on the assumption that (1) enough would sell soon enough to offset the purchase of the physical security, and (2) the eligible collateral can be borrowed against as long as you take a little haircut. + +But what if your hair gets too short? Well here is where I am pretty sure it all ties together and the entire system is against us while we wait for them to change the math. + +1. An industry that doesn’t work past 4pm has been up for all hours of the night meaning chances are some legislations has changed that we aren’t privy to (not just DTCC) +2. The Fed uses proprietary software (Fedwire® Securities Service) that helps to determine credit, collateral, leverage, margin, etc. Check it out [https://frbservices.org/financial-services/securities/index.html](https://frbservices.org/financial-services/securities/index.html) + 1. We watched the Fed system go down and GME skyrocketed, something happened that caused them to either take the software offline, or juggle the impending margin calls that were about to unfold + 2. [https://frbservices.org/assets/resources/rules-regulations/operating-circular-7-102917.pdf](https://frbservices.org/assets/resources/rules-regulations/operating-circular-7-102917.pdf) + 1. THIS DOCUMENT IS FUCKED, it explains why the Fed wont be responsible for defaults, but also the legislation required. It is called **Operating Circular No. 7.** There are a lot more, but this serves its purpose in relation to defaults of a member and overleveraging. + +So, we have reached a point where I am kind of coming to a conclusion that this isn’t contained to any specific organization or entity. In the New York Fed document: + +**“The exposure of a clearing bank to a single dealer can routinely exceed $100 billion (Federal Reserve Bank of New York 2010). In the event that a dealer fails, its clearing bank could, in an unexpected situation, discover that the market value of the collateral provided by the dealer is insufficient to cover the amount owed to the clearing bank. The stability of the clearing bank could also be threatened if it decides instead to hold the collateral on its own balance sheet, thereby increasing its leverage. The vulnerability of a clearing bank to a troubled dealer is intensified by “wrong-way” risk, meaning that, in a crisis situation, the failure of a dealer may be correlated with a sudden reduction in the market value of some securities that collateralize the dealer’s tri-party repos. Moreover, an attempt by a clearing bank to lower its exposure to a failed dealer through a sudden “fire sale” of the collateral could itself reduce the value of that collateral, thus exacerbating the losses to the clearing bank and to other market participants that hold positions in the same or similar assets. This danger buttresses the importance of the Primary Dealer Credit Facility (PDCF), introduced by the Federal Reserve Bank of New York during the financial crisis (Adrian, Burke, and McAndrews 2009). The PDCF provided an alternative source of financing for collateral that might otherwise have been liquidated in a fire sale; such a liquidation could have potentially destabilized the markets and eroded the capital of these asset holders.** + +**HOLY FUCK** + +They are literally trying to avoid a market sell-off of broker securities because the fire sale will cause the market to crash. They went through this in 2008 with Lehman and Bear. They are about to go through it again, and have tried to stop it before it gets too crazy. Soooo many banks are exposed to Citadel et al. that they pretty much don’t want anyone to be able to scoop up the shares at discount prices without having something in place first (anyone see that little DD today??). I would also speculate that the Archegos and Credit Suisse debacle are warnings to everyone, not us, everyone in the industry. They know this stuff already, we are just figuring it out. + +So, we have a nice little foundation where everything is getting kind of crazy. It would seem that the banks are now competing for who gets a piece of the pie, or who goes bankrupt, ORRR they are *all* really trying to wait us out and see if we will sell (HAHA FUCKING GOOD LUCK 2 WEEKS, 2 MONTHS, 2 YEARS, ILL BE HOLDING MY SHARES AND BUYING MORE). + +Anyway everyone, I hope this helps, and I hope we can all keep moving forward. Might be a little battle but I get the feeling we are on the right track and can make a difference if we keep plugging away. + +References + +1. [http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=4&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=196&f=G&l=50&co1=AND&d=PTXT&s1=fedwire&OS=fedwire&RS=fedwire](http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=4&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=196&f=G&l=50&co1=AND&d=PTXT&s1=fedwire&OS=fedwire&RS=fedwire) +2. [https://www.newyorkfed.org/medialibrary/media/research/epr/2012/1210cope.pdf](https://www.newyorkfed.org/medialibrary/media/research/epr/2012/1210cope.pdf) +3. [https://www.newyorkfed.org/tripartyrepo/margin\_data.html](https://www.newyorkfed.org/tripartyrepo/margin_data.html) +4. [https://www.newyorkfed.org/banking/tpr\_infr\_reform.html](https://www.newyorkfed.org/banking/tpr_infr_reform.html) +5. [https://www.dtcc.com/clearing-services/ficc-gov/gcf-repo](https://www.dtcc.com/clearing-services/ficc-gov/gcf-repo) +6. [https://frbservices.org/financial-services/securities/index.html](https://frbservices.org/financial-services/securities/index.html) +7. [https://frbservices.org/assets/resources/rules-regulations/operating-circular-7-102917.pdf](https://frbservices.org/assets/resources/rules-regulations/operating-circular-7-102917.pdf) + +Edit 1. Here's the DD from earlier. + +This one. + +https://www.reddit.com/r/Superstonk/comments/my1hio/friday_the_dtcc_approved_wabra_morgan_stanley/ + +He explains it in the comments, basically there is now an approved dtcc firm to help with the liquidation process so it doesn't hit the market. We actually might be in a completely fraudulent system towards retail investors. +I’ve started to notice that some of the big losses I’m taking are because I don’t follow a strict set of rules so now developing my own. What are some of your rules that work well for you? +If a trading "service" is good, they would make their millions/billions actually trading the market. + +The only money they are actually making is from gamblers paying them monthly sub fees. +Hey, + +Was anyone here watching the markets in the late 1990s and early 2000s? + +I am wondering whether before the tech bubble popped, most people were calling it a bubble? If they were, did itcontinue to go up anyway and for how long? + +Why did the bubble eventually pop? Were people expecting it to do so? + +Thanks +Tesla and Square get mentioned a lot in this sub. I can see Tesla (300 billion) eventually being a 1T company. Square (70 billion) might reach the same market cap as PayPal or even some of the large banks 300-400 billion one day. So that’s a 4-5 bagger there. + +But Invitae has a market cap of only 5 billion barely gets mentioned in this sub and yet is Cathy Wood’s second highest conviction pick right ahead of Square. + +Apparently there’s an equivalent of Moore’s law for reducing the cost of gene sequencing. The CEO seems smart but idk about how ambitious he is. + +Other than that I have no idea what Cathy Wood sees in this company. What do you think the final market cap of Invitae will be? Will it be a 10Xer and reach 50+ billion one day? Or will it be a giant company and reach 500 billion? +NFTs are ruining crypto's reputation. + +- Game developers such as UbiSoft are shoving NFTs down gamer's throats, and they hate it, gamers ridicule it saying it's the worst thing that ever happened to video games in recent history, + +- Turns out Melania Trump sold her own NFT to herself to boost the price giving NFTs a bad rep, + +- Majority of regular people when asked about NFTs say they are stupid, and most of them don't even understand what NFTs are, don't believe me? Ask your coworkers on Monday about what they think about NFTs, + +- Even big YT channels such as Linus Tech Tips make fun of NTFs almost in every single episode of Tech Linked, +- General population is fed up with NFTs, + +- Even South Park makes fun of NFTs. If you are in a South Park episode you should know you've messed up big time, + +- People use NFTs to make a quick buck congesting the networks all the time increasing fees, + +- Right now we have thousands of different NFT collections and 99% of them are a worthless pieces of crap. + +Crypto space has become a laughing stock due to NFTs. It was cool and awesome when people were just buying cute meme coins for lols, but NFTs pushed it too hard and now people are fed up with them and start to hate them and start to hate the entire crypto space in general. + +The biggest enemy of crypto space is the crypto space. + +Change my mind. + +Edit: To clarify, the tech itself is great, but it should be used to verify medical records, house ownership, verifying votes, verifying IDs etc. but not for selling pictures of rocks. It just makes crypto space looks childish and nobody will take us seriously until a real-world use case can be provided. +EZ moonshot. + +Current: 0.65-0.85c (30-50M market cap) + +Privacy is a growing need in the blockchain space and will be the next trend in future years. This is already evident with the growth of privacy coins and the growing awareness for data privacy. However, given the inherent transparency of public blockchains, information stored on public blockchains and data used in smart contracts are currently visible to everyone with the knowledge on how to access this information. This is important for trust, but also a roadblock for many commercial applications and also jeopardizes our personal rights to privacy. To give an example, if a Uber-knock off wanted to replicate on a public decentralized blockchain, they risk a users personal information (name, address, location, payment, etc.) to be easily tracked and monitored online. + +This is where Secret Network comes in. This layer 1 public blockchain is the ONLY solution currently live on mainnet that allows developers to program in privacy into smart contracts. What this means is that smart contracts can now be coded to encrypt certain information and keep other information public. Information that is private can be viewed by the owner (and those with permissions) using private keys. As of this writing, Secret Network already has built a bridge with ETH and a number of ERC20 tokens to allow these assets to ported over to the network. 12M TVL has already been locked onto the bridge this past week. + +Obviously regulation is a risk with any privacy enabling technology. Assets that are migrated onto the network are privacy enabled (e.g. ETH public -> sETH private) making them essentially privacy coins. However, $SCRT itself is not a privacy coin. It is public and used primarily for gas and governance. This is interesting because it has the potential to be an answer to find balance between the need for privacy as well as the push from FinCEN for regulation/compliance (anti-money laundering). + +Secret Network has close ties with the Enigma ($ENG) project. Enigma ran into SEC regulatory complications for listing as an ICO security back in 2018. However, after Enigma settled with the SEC and jumped through the hoops, Secret Network performed a community-driven swap that allowed $ENG holders to earn $SCRT. There was no ICO raised for Secret Network, and now Enigma is only a single development team, of many, working on the Secret Network project. + +So where do I believe this project to go? + +For starters, $ENG at the peak of the last bull run, was valued at $8 (500M market cap). This was solely based on the idea of the privacy solution with only a whitepaper. Since then, Secret Network has delivered on all of the projects original vision and more, live on the mainnet. + +This alone puts $SCRT undervalued by 10x. + +Next, if you believe this privacy enabling tech to be the privacy equivalent of $ETH (126B) as $XMR (3B) is to $BTC (675B) then $SCRT should have roughly 0.4% of the market cap as $ETH, putting the valuation at 560M. This also only factors in $XMR market cap and doesnt include the likes of $DASH, $ZEC, $TORN, etc. + +Again, that comes very close to the initial 10x approximation. + +However, this calculation is after $BTC bullrun and before the growth of the privacy narrative. I believe the need for privacy is only starting to get noticed. If you believe in decentralization and privacy, this team is well positioned well as first market mover and can fill a much needed area in this space. Think about how $LINK jumped as the first mover for oracles. + +In this past week, Secret Network has gained a 12M TVL, which is a whopping 25% of their 50M market cap. The reason why they are flying under the radar is because theyre currently only available on Binance (non-US) so volume is low, but they are releasing a secretAMM and secretDEX soon so the gates to the public should open and price should reflect this as well. + +What the future holds is for you to decide, but my bags are full. Please do your own research, this is not financial advice. The last thing I want is for people to hound me. However, I believe in this project and the team and want to let you in on the secret, so we can all make it together. + +Future 2021 (personal estimate): $10-40+ (500M-2B market cap) + +$10 (500M) just to reach previous ATH for $ENG based on a whitepaper, $40+ (2B) for the growth of privacy and the overall growth of defi and the blockchain space. +Are you looking for an undervalued DeFi token with an amazing use case, the potential to x20 and a perfect long-term investment with passive income? + +Then you should have a look at $WORLD + +**What is it?** + +The team is building a decentralized marketplace for digital goods and later physical goods, where you can pay only with world token. There is a total supply of 100million tokens and the market cap is around $6million USD right now and was audited three times by Solidity Finance, Chainsulting and War on Rugs. + +**Earn with every transaction** + +A 3% tax is due for each transaction + +‣ 1% goes to the Marketing Fund + +‣ 1% goes to Regular Holders + +*Later when the marketplace goes live; 0.6% to regular holders and 0.4% to the merchants* + +‣ 1% goes to Liquidity Pool Providers + +Do you see the potential of a massive passive income, when the marketplace goes live and there is a turnover of several 100’000 USD every day? I see it. + +**What is the advantage for merchants to use the world marketplace?** + +\- More income: + +*Do you know that in classic online marketplaces like amazon, around 18-50% of the selling price goes to amazon and the merchant earns only 50-82% of the selling price? At the world marketplace, it will be only 3%.* + +\- Earning interests at every transaction + +*The best thing about these 3% transactions fees is that the merchants earn also a part of it, because 0.4% will be distributed to all the merchants*. + +\- Less fraud: + +*In addition, fraud will be almost impossible because of the block chain system of the world token, escrow, and vendor bond systems.* + +**What is the advantage for the customer to use the world marketplace?** + +\- Because the merchants have a higher net profit margin, the price will be lower than in other marketplaces. + +\- The customer can support small producers, artist, designer and writers without a huge company (like amazon) as a middle man + +\- Less fraud because of systems set into place by the WORLD token team + +\- Absolutely no chargeback risk to merchants + +\- Of the 3% transactions fees 1% (when the marketplace goes live 0.6%) goes to all the regular holders + +**Why is it undervalued?** + +The main reason is that the marketplace is in development. + +After an initial launch rush, the price went from 1 cent to 26 cents and later fell slowly down to 5-7 Cents. People expected a fast 100X and then sold off their tokens because they did not become rich overnight. At the same time, there was the BTC dump, which also push down the price of WORLD The price will stay like this during the next days because there is no big announcement now. + +**When we can expect a big price jump?** + +The team is working hard to finish the test web of the marketplace. Several YouTube and twitter influencer are ready to check it out and the big marketing will start and raise the price extremely. The team said also gave a hint that the test web will be ready in March. + +According to the road map, the launch of the official marketplace will be in May or June, but they on boarded three additional developers. Therefore, we can expect that the launch will be sooner. + +As soon as there is a proof of a working product (test net and later marketplace), the price will go fast to 25-50 cents and later even 1 USD. Long-term I expect a price above 1 USD, but I plan to hold this token for a long time and just take out some of the passive income every week. + +**Why I am convinced by the project?** + +So fare it is only DEX (decentralized exchange) listed but the team has given hints that an “experimental” CEX (centralized exchange) listing will be announced the following week. A CEX listing will give a nice price increase. The only problem is that with a central exchange the holder do not profit from the 3% transaction fee. Therefore, I am sure that the “experimental” listing means that we somehow also profit from buys and sells on a centralized exchange. + +The team is very active and is delivering constantly. After the launch at Uniswap, the community was complaining about the high gas fees of the ERC-20 network. They build up a workaround with 20-30% less gas fees in only a few days. When the gas fees increased even more, the build a bridge to the Binance Smart Chain in only one week. There you can buy the tokens for a gas fees of 80 cents instead of 100-200 USD on the ERC20 network. + +They have a huge marketing wallet, which will be used time by time to cover the costs of the development and marketing. The marketing wallet is not going to be dumped on the market. It will always sold OTC (over the corner with vesting) and it will always be announced before. The team has never sold any tokens before on the open market and you can check it yourself. They have been very transparent about the marketing wallet address: 0xD4713A489194eeE0ccaD316a0A6Ec2322290B4F9 + +The marketplace will give huge advantages to the merchants and customers and it will grow steady. + +This is no pump and dump project. This is a solid, long-term investment. Do not expect to become rich in some days. Just buy it and hold until the marketplace is online. In the meanwhile, you can profit from the 1% fees, which goes directly to all the holder at every transaction. Just hold your tokens in a BSC or ERC20 wallet and you will see the amount growing constantly with every transaction. + +**How you can buy WORLD token?** + +\- Uniswap (high fees of 80-200 USD because of the ERC20 network) + +*At Uniswap you can buy the ERC20 version of the token. You can us your normal Metawallet or any other ERC20 wallet too swap ETH to WOLRD* + +\- Pancakeswap (with fees around 0.80 USD) + +*At Pancakeswap you can buy the BSC version of the token. You can use your* *Metamask wallet and connect it to the Binance Smart Chain and then swap BNB or any other BSC token to WORLD tokens.* + +Just be aware that the benefices of the 1% transactions fees are separated. The two sides (ERC 20 and BSC) do not talk with each other. The fees stay on their side and also the price can be different at each side. + +At the final marketplace, both chains will working. Me, personally I have tokens on both sides. Like this, I profit from the transaction fees of BSC and ERC20. The Tokens can also be bridged from ERC20 to BSC and back. + +**On their website, you can find tutorials how to buy, bridge, set up BSC on your Metamask wallet etc. Just look for the official world token website and you will find all what you need.** + +In addition, the team is active on the official WORLD telegram channel (4k members) and on Twitter (5k followers). If you have any questions, they are 24/7 there to help you + +Telegram community channel: [https://t.me/worldtokenofficial](https://t.me/worldtokenofficial) + +Telegram announcement channel: [https://t.me/worldtokenann](https://t.me/worldtokenann) + +Website: https://worldtoken.network/ Twitter: [https://twitter.com/worldtoken\_](https://twitter.com/worldtoken_) + +Price ERC20: [https://www.dextools.io/app/uniswap/pair-explorer/0x6afb3d434ac3d0c92e5397895f17f1f9af22a6c2](https://www.dextools.io/app/uniswap/pair-explorer/0x6afb3d434ac3d0c92e5397895f17f1f9af22a6c2) + +Price BSC: [https://t.me/BinanceRocketWORLD](https://t.me/BinanceRocketWORLD) + +Buy at with ERC20 wallet: [http://swap.worldtoken.network/#/swap](http://swap.worldtoken.network/#/swap) + +Buy at Pancakeswap (BSC): [http://tinyurl.com/WorldCake](http://tinyurl.com/WorldCake) + + *Disclaimer: I am not a part of the core WORLD team. I am just a passionate investor who wants to share this project and make it bigger. This is not a financial advice. Do your own research and invest only what are you ready to lose.* + +Join the WORLD team now and see how the WORLD goes to the moon! + +Cheers, + +Siat\_ + + +DefiDollar is an index of stable coins that uses Defi primitives to stay near the dollar mark and subsidize the collateralization ratio. + +DUSD (its stablecoin) is collateralized by Curve Finance liquidity provider (LP). It uses chainlink oracles for its stability mechanism. It leverages Curve to handle the logic around integrating with lending protocols and token swaps. + +&#x200B; + +Market Cap - 4.5m + +Team is Ex-Matic/Google (They are doxxed) + +&#x200B; + +Angel Investors, includes: + +Kain Warwick and Jordan Momtazi (Synthetix) + +Imran Khan and Qiao Wang (Defi Alliance) + +Julien Bouteloup(Currve & Stake Capital) + +Jaynti & Sandeep (Matic Network) + +Andrew Keys(Darma Capital) + +Sergei Chan(Deribit) + +&#x200B; + +Connections with Sushi. + +In the process of getting audited by Quantstamp. + + DFD staking goes live this week or next week, with half of all revenue from DUSD staking going towards the DFD vault in the form of buybacks. + + DUSD revenue is dependent on the curve DUSD pool's yield, as well as the amount of DUSD in circulation (higher for both is better). Therefore, the more DUSD minted, the more DFD bought back. + +&#x200B; + +Links + +Website: [https://app.dusd.finance/](https://app.dusd.finance/) + +Coingecko: [https://www.coingecko.com/en/coins/defidollar-dao](https://www.coingecko.com/en/coins/defidollar-dao) +**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'll cut right to the chase. This is my first time dealing with this sort of thing, so I could really use some help, and my parents don't really know what they're doing. + +&#x200B; + +After finishing my taxes with H&R Block I decided to see what my credit score is, using their LendingTree service. When I went to my dashboard, I saw accounts which I expected (one loan account & one card account which I have for personal use) but I also saw 3 credit cards to other stores. Now, I was aware that my mom had these accounts, but I had no idea that they were in my name. I called to ask her about it, and she said she "just wanted me to have a card to use." + +&#x200B; + +So, how exactly do I solve this problem? There is a large, overdue unpaid balance on one of them which is definitely affecting my credit score. +Bought into the hype with HYLN a week ago. Now I'm down 40%. Ouch. Not planning on selling, but I'm wondering what's happening. I though HYLN would boom with clean energy rocketing, NKLA bagholders moving to a new EV startup, and hype around prototypes and sales. Guess I was wrong. +Iv seen posts where people comment “I’m never selling” or “I’m hodling until crypto replaces the need for fiat”… and then the same user comments hours later being all excited for and wishing for a bull run. + +Why? + +Shouldn’t ye be hoping it stays low for a couple of years so you can accumulate if you plan on never selling? Is it not ironic to plan on accumulating and hodling as much as possible while also hoping the price rises in the short term? + +Tldr: a lot of people don’t know what they want, they want to get rich, but don’t exactly know how yet. + + +Edit: I’ll have to clarify this because whatever time zone woke in the last hour are really having difficulty understanding what I actually said. I DIDNT just say “why do people like bull runs” or “why do people like more money”. I’m specifically talking about the people who want to accumulate more and make money long term, not on a short term pump. Do you want to accumulate when btc is at 50k, or at 30k?… does it not make more sense to hope btc crabs for a while so you can have a bigger stack when it eventually moons? +I am by no means an expert or a veteran in this sport, but I have seen these sudden drops enough times to have learned something (mostly from personal experience). + +1. Take a breath and think rationally about what is happening right now that is causing the drop. Flu has been around since the dawn of men, and it's a consistent annual killer of about 50000 people around the world. Corona is just a type of flu that was given a name and some media attention. With a death toll of under 3000 so far and symptoms, infection rates and death rates similar to the "regular" flu, there is nothing special about it to warrant any kind of panic behavior. For comparison 500 000 people die of malaria annually. Do markets drop because of malaria? +2. Figure out if the market is acting irrationally. Best indicator is if all the stocks are dropping at the same rate no matter the industry or the potential impact from the corona virus. is DAL going to be affected by the virus? Well people are going to be traveling less, so it's a safe bet that their revenue will drop. Will MSFT be infected by the virus at the same rate as DAL? A company selling PC software and cloud platforms? Probably not. Then why are they dropping at the same rate? IRRATIONAL MARKET +3. Don't be a part of the herd. The market is moved by the average of all trading activity. An average investor is just that - average. Be better than average. Look at what the best of the best (buffet, icahn) are doing. Are they panic selling? No +4. NEVER PANIC SELL! Are you invested in quality companies that you can see being healthy in 10 years? Then why would you sell now?? Take any of those companies and look at their stock price for the past 10 years. Did they go through dips of 20% or more? Most likely yes. Imagine the people that sold back then. Fools, right? If you sell now, you will probably end up reentering the position at a higher price when you figure out "thing are going back to normal" +5. Don't short stocks. Are you a professional trader looking to squeeze every cent out of the market? No? Then NEVER SHORT STOCKS! It's simple math. Max potential gain of an unleveraged stock short is 100% (if the stock goes to 0 - highly unlikely!). Potential loss is unlimited (because the stock can go up indefinitely). Even the best of the best have lost fortunes on shorting (famous bill ackman herbalife short) +6. If you have the cash - buy the dips, if not - hold. The virus will fade, markets will rebound. They always do. Worse things have happened. World wars, debt crises... Markets always rebound. +7. Don't look at your portfolio every 5 minutes and don't try to time the bottom. It's just bad for mental health. +This is my first post as I have been lurking the past month: + +I have held a position in ATVK for about a month now, it has declined over the past week by 15%. This was due to fake manipulation and the twitter using other tickers probably has not helped. + +Now, there are some solid catalysts coming up which I believe can return us all some nice profits (taken from a post in $ATVK subreddit from [u/XlusiveEire](https://www.reddit.com/user/XlusiveEire/)): + +1. New website just launched - [http://www.ameritekventures.com/](http://www.ameritekventures.com/) +2. $EPAZ merger “announced” - dig into the website +3. 250+ million shares to be cancelled today (in court against toxic lenders - SEC Siding with $ATVK +4. Drone and AI tech. +5. Cannabis plays +6. BlockChain plays +7. Covid vaccine transportation play + +The court case is today and it is heavily believed that ATVK will win this case, which should give some strong PR. With all these factors and how the market has fallen because of GME etc, I feel this is a strong time to hop in **🚀** **🚀** + +For clarity, I hold 3100 shares @ 0.1555916 +I know this post isn't exactly novel, but I think it should be reiterated. + +The futures ETF as well as any derivative investment vehicle for BTC will not be good for bitcoin long term. + +The entire premise of 21 million coins being a hard cap is threatened each time the legacy financial system adds some derivative instrument on top of btc. + +The major problem statement with fiat currencies is banks' abilities to issue unlimited unbacked cash with fractional reserve banking and quantitive easing. If we allow centralized exchanges to hold all of the coins then they can sell as many IOUs for bitcoin as they want, which is no different from your local bank issuing IOUs for dollars they don't hold. Futures ETFs will give hedge funds ways to manipulate the price as well, and these groups have even less reason to care about bitcoins long term health than exchanges. + +This is an appeal to: + +**1) Remove your coins off of the exchange to cold storage.** + +I know there are those that are afraid of controlling their own keys, but please put the effort in to properly secure and store your keys. Think of it as both a learning opportunity and your chance to do bitcoin a service as a whole. + +I know there are those that like earning passive interest on your coin - Consider starting a lightning node and earning sats in this manner instead of using an exchange's interest program. Your 4% APY for lending your btc to shorters is laughable compared to the amount you may lose over time to price suppression from paper btc and naked shorting. + +**2) Never, EVER, EVER buy an ETF that doesn't have proof of reserves (hint, the new futures ones DO NOT).** + +Educate those around you to hold the real thing. not your keys, not your bitcoin. I know there are certain investment monies that need to go into a legacy stock, but this new ETF is not the thing. Either pull the fund and buy real bitcoin or pick Microstrategy with your IRA. At least Saylor is a bitcoin Maxi. + +TLDR; +I know there is already a "Proof of Keys" day, but I think this should be less of a single day thing and something we do often and unexpectedly to keep exchanges honest. + +If the exchanges have to add more btc to their reserves because everyone pulls their coins into cold storage, it will allow the real spot price to come through (Assuming exchanges aren't already keeping an honest 1:1 btc reserve for their customers). + +If this post gets even only a handful of people to pull their coins off, I feel that it was worth the time. Thanks for listening. +This is the worst conference call I've ever listened to. People need to go listen to this thing when it is made available. His rudeness to analysts was stunning - Tesla keeps having these Skilling moments but this was a big one. + +You can see what the stock is doing AH as the stock is going on. Whatever you think of analysts, you don't do what Elon did on the conference call when they are about to ask a question. + +Edit to add: https://www.bloomberg.com/news/articles/2018-05-02/musk-cuts-off-analysts-for-youtube-questioner-tesla-shares-fall + +Edit II: -6.5% pre-market. +Hey, folks. I just received multiple tickets from users informing me they had funds stolen. They all linked to the same transaction, and these were all stolen from vanity addresses. When I asked for further details they all confirmed that they used the same site to generate the address. + +Vanity address generator: +bitcoinvanity(dot)appspot(dot)com + +Address that is piling up stolen funds from vanity addresses (multiple transactions so far): +https://blockchain.info/address/17Hnusfws7KsofWyZcNgTZ2hrWPrKuQ2na + +If you ever used this site, then I'd move funds out of the generated vanity address ASAP! + +edit: report the site here - Report the website here: http://www.google.com/safebrowsing/report_phish/?rd=1 + + + +Thanks, + +-Mandrik | Blockchain.info User Experience Expert +[Here's](https://twitter.com/QuiverCongress) the Twitter account. It is used to post pure data without any added commentary that could detract from its objectivity. + +Here's a graph of US Senate trading sentiment alongside the S&P 500: + +[US Senate Sentiment](https://preview.redd.it/487in65qyq481.png?width=2404&format=png&auto=webp&s=701af98cb6e4efeeaea0fca7d00342506482ec59) + +Note that the largest negative bar is from when a handful of senators were pressured into selling off their holdings following insider trading allegations from the sales before the COVID crash. + +To give some background on where the data is coming from, US congressmen are required to disclosed stock transactions within 45 days of their occurrence. I've been writing code to scrape the data and make it more easily accessible, and more interpretable by combining the raw transaction information with price data. + +I hope you guys find the account useful, and let me know if you have any feedback on the format of its posts. +Backstory of me: I used an excellent service back in the day called Bitfloor. Really easy platform and low to non-existent fees. However, USA regulators shut them down. It was a nightmare trying to get my coins out as I think it was a one-man operation. + +Recently, I went out to go ramen at a local ramen shop that took in bitcoins. When the time came to pay, they gave me a QR code on Bitpay and I scanned it. I then logged onto my blockchain.info wallet and pasted the address and sent the coins. The waitress was telling me that Bitpay would display "payment successful" once the transaction finished. 5 minutes passed, nothing. My wallet was reading zero confirmations. 10 minutes pass, the waitress says she will be back. I look at my wallet and it says "1 confirmation". Another 20 minutes pass, the place is getting ready to close down. At this point the Bitpay has still not received my payment. I was up to 5 confirmations and 30 minutes have passed. I finally said fuck it and paid old school with a credit card. Now i'm back home and it reads "9 confirmations." I always thought bitcoin payment was near instant? Now I have to embarassingly call them back ... but when? How do I know my payment has gone through? Way too much god damn hassle. And if they never receive the funds after 9 confirmations, how do I go about getting my bitcoins back? + +Lastly, here's the kicker. After the bitfloor incident I was still very wary of exchanges. Here's an idea -- Why not use MTGox, a widely respected, long uptime, and probably biggest platform? (I think this was late 2012's, when these were all still true). I've been trading from time to time on GOX without any problems until recently, where I can't get my own damn money out. I'm through with this. From now on it's cash and credit. That's the problem with an UNREGULATED, DECENTRALIZED cryptocurrency, who's the say that BTC-E or Bitstamp or a similar service won't pull a bitfloor or mtgox? I know the evangelists will try to defend bitcoin but now it's cash and credit (regulated currency) for now. Thanks for listening to my rant. + +Addendum: Everyone talking about why MTGOX going bankrupt is a GOOD thing just pisses me off. Do you guys not realize that there are PEOPLE with bitcoins and money in here? You are essentially hoping that we lose all our coins and money. Unfortunately, bitcoins will never enjoy FDIC insurance that is offered to banks. +So I won $108,000 before taxes at the casino in PA. I paid taxes on the spot, about $35,000. + +Right now I drive a complete piece of shit. So I need a new car first and foremost. I purchased a few small things, paid off my credit card, and paid back a loan to my parents. This leaves me with $65,000 in the bank right now, which brings me to my question. + +How much should I spend on a new used car? I have a 2000 Honda civic now with 180,000 miles and it's a piece of shit with a lot of cosmetic damage. I could probably sell it for 1000$. + +Right now I am on my second year in a doctorate level program. The tuition is about 35k a year plus living expenses. I have taken out loans for the first two years already. I have roughly 25k in student loan debt at a lower interest rate <5% that was preexisting. The loans i'm taking out now are half Stafford loan, half graduate plus loan at an interest rate closer to 7%. + +Do I pay off part of my existing debt with this money? Or do I use it to pay for my tuition and living expenses until it runs out thus avoiding taking out new loans at a higher rate? + +Do I invest this money now, and pay it off later? + +Is there anything I can do to get money back from the taxes I paid? I am not working right now. I play poker maybe 1-2 times a week for extra money but essentially I have 0 income. + +Am I getting double dipped on taxes? + +I need to figure out the best way to get the most out of this 65k in the bank that's sitting in a high interest savings account until I can figure this all out. + +Thanks guys + +EDIT* Thanks everyone for the advice! I also want to point out that I'm in a professional program in the medical field. Hence the outrageous tuition costs. + +EDIT2* Also want to point out to everyone that I don't play casino games like slot machines / blackjack...just poker. It is a game of skill, you are playing against other people, not the house. +I’m 37yo, married, stable careers, $220k+ household income in Texas, no debt. I have $100k in savings we’ve been sitting on for over a year to upgrade to a new house, finally decided we’re just not going to overpay for a house right now. Also have $50k in emergency funds. 15% 401k contributions, IRA, etc.. + +I have zero experience in stocks but it seems that this is a solid time to invest in the dip. Should I just find a local financial advisor to help me navigate how to invest in this? I don’t know where to start. +I am charged for my monthly membership usually around the middle of the month. I got charged as usual for this month of March. I emailed the gym manager about a refund for this month. He said he would freeze my account and that I would not be charged from here on out until they reopen, but that I will not be getting a refund for this month. It's not right that they charge me for something I can't even use. What can I do to get this refund? +My mind is blown that so many people are convinced they missed the bottom and this is the end of a recession. Do people seriously thing recessionary bottoms happen over night? Take the last two bear markets of the 2000’s as an example. + +The Bear Market of 2000-2002: + +Start: March 27th, 2000 +Bottom: October 9th, 2002 +(31 months to bottom) + +The Bear Market of 2007-2009: + +Start: October 10th 2007 +Bottom: March 9th, 2009 +(17 months to bottom) + +There has yet to be a recession that’s bottomed out within the first couple months of a market crash. This includes any and all recessions in modern history. Look at any recessionary period in the 1900’s to 2000’s and you’ll find the average time to bottom to be longer than a year. Even the flash crash of 1987 (Black Monday) took longer than this at 3 months to bottom. + +Likely the bottom has yet to come and it’s much more likely to happen in many months or even years from now. Keep this in mind if you’re one of those people that thinks they’re gonna time the market. + +Edit: to the people saying “BUT THIS ONES DIFFERENT”, that’s what everybody has thought about every other recession ever. +I think it is pretty safe to assume that BTC will drop below 20k in the following hours or at least in the following days. I predict that this will lead to a even higher sell-off because of the "mental value" of that price border. Same goes for ETH which is about to go below 1k. +I predict that once BTC falls below the 20k it will quickly drop down to at least 18k if not even lower and everything else will drop even harder. +I am looking for a good entry point but I guess we will have the whole year to "buy the dip" haha. + +What do you guys think? How low will we crash before we see somewhat stable prices again? +I purchased an old house that needed a lot more work doing to it than I first thought.. at maybe the worst time to buy a house (crazy house prices, increasing cost of living etc). Just wanting some reassurance that it’s not all bad, and things will get better.. +Hopefully I'm asking this in the right sub. Happy to be corrected if not! + +My wife and I have been living in a rented property for three years. Everything is managed through a letting agent. We're looking to buy this year and thinking about approaching the landlord about whether they'd be willing to sell. What's the best way of doing this? Are there risks to it? My concerns are that the landlord would know we were 'happy' with the property, so might increase the (relatively low) rent we're currently paying. On the other hand, we might end up with a decent house without the costs and hassle of moving. + + +*A few bits of info for context:* + +* The house is owned by a building society. We don't know why this is. We assume it was repossessed at some point. +* The house was put up for sale about 18-24 months ago, but there was no interest in the 4-5 months it was on the market (or at least nobody viewed it) +* We feel the house was overvalued when it was put on the market first time around (by about 20%). Nobody did a valuation based on on the inside of the house (again, we know because we lived here) and I think they were basing it on other houses in the area which are much bigger and in better condition +* After living here for three years, we have a rough idea of what work needs doing to the house (externally, but also electrics and piping). Getting an independent valuation might be a bit easier as we're living here and so can point things out? + + +Also... could/should we get a valuation done without the landlord's knowledge? A few friends have asked us this, and we're not sure if 1) we'd be able to without the landlord knowing 2) it looks a bit shady if the landlord found out later. Any advice would be really welcomed + +I've always enjoyed buying large amount of shares in small companies. I'm looking into HCMC but some things have me scratching my head. For example Yahoo has them at $6 by the end of the year. I know growth like this is possible but can one lawsuit really put a company over like that? Not to mention I've never heard of these guys. Not saying that means they're not going to make it but has anyone had experience with the company. I'd really like to know what y'all have to say. +I was recently on holiday in Switzerland, having hiked up a mountain where I twisted my ankle. I was in two minds whether or not to contact air ambulance to take me down, or whether I should push through the pain. + +I phoned the air ambulance, and the lady on the phone assured me that I would not be charged, and that I should not risk descending by foot. + +After the rescue, the air ambulance staff took my ID and credit card details an told me that I WILL be charged around £2000. + +Some weeks later I receive a letter in the post requesting £3059. + +Obviously I would have never taken the rescue if the lady on the phone hadn't told it me it was free, so I feel very upset to have to pay over 3k. + +What power do they have to recover this money? +JP Morgan Chase + +JPMorgan announced earnings per share of $2.76 on revenue of $30.72B. Analysts polled by Investing.com anticipated EPS of $2.94 on revenue of $31.82B. + +The company has temporarily suspended its stock buybacks as it builds capital to meet higher requirements set as a result of its recent stress test. + +https://m.investing.com/news/stock-market-news/jpmorgan-earnings-revenue-miss-in-q2-2847191 + +Morgan Stanley + +Earnings of $1.39 per share vs $1.53 of estimate of analysts surveyed by Refinitiv + +Revenue of $13.13 billion vs $13.48 billion estimate + +https://www.cnbc.com/2022/07/14/morgan-stanley-ms-2q-2022-earnings-.html +I saw an OBGYN earlier this year for a referral for endometriosis testing and birth control. While in the office, she did a breast exam. A week later, my shoulder was hurt and I went to a primary care doctor to get a referral for physical therapy, and they took my blood while I was there. They coded it under an annual physical exam. A few months later, I get a bill for a $150 copay for the primary care provider, and was told that I had already seen a PCP that year, and my insurance didn't cover 2 visits. I was confused. I hadn't seen another primary care provider that year, so I contested the bill, and Aetna asked the doctor to resubmit the claim. However, I kept getting the same bill over and over again. Finally, tonight, Aetna investigated and saw that the OBGYN entered my visit as an annual physical exam, instead of a well woman exam or another appropriate gynecological visit code. I called her office and left a message, but am concerned she won't do anything about it because she literally has no staff - she runs the whole office by herself and does the exams. This is in Florida. Aetna said my best bet is to get her to change the code. Does anyone know anything else I can try, if she doesnt? +He guys, I’m wondering if I should keep my palantir stocks. I bought them in December 2020 at around 25$. Since that there hasn’t been much movement and I’m thinking if I could invest the money in sth else. Do you think it’s a good long term stock or not? Thanks in advance +Due to multiple sudden dumps of medical bills, I'm unable to pay my bills this month. Credit card is about $100 away form being maxed out (first bout of medical stuff used up the savings, then the second bout was put on the credit card, and now a third bout). + +The below bills are all due on the 1st. I'll be able to pay them all by the 15th. + +Credit Card - $223.00 +Rent - $550.00 (cannot skip this, landlords are really quick to evict -- tried to evict us once when they just didn't check their payment box) +Medical Bill #1 - 161.98 (trying to get a hold of company to see if we can postpone this, but this is already apart of a payment plan that I signed a contract on) +Car Registration - 62.35 (happy birthday...) +Electricity/Water - 170.00 (est) +Phone bill - 30.00 + +The other medical bills I was able to get postponed (the biggest one was eve "pay whenever you can" God bless them). My current plan is to work on the medical bill listed above to see if that can be moved. That will have us about $10 or $20 bucks left in our pockets, or needing to bum $10 or $20 from family if they can help -- depends on that utilities bill which I wont see for a day or two. I can also likely skip the phone bill until the 15th as I work from home. We have plenty of food in the kitchen and for the cats and I have at least a month's worth of medical supplies. Future medical bills should be covered at 100% so I'm also trying to stock up a bit. + +I appreciate this. :) Thank you! + + +Edit Update: WOW! This post has been amazing. Here are some things I learned. +- Medical Bill people are really chill. +- Utilities people may or may not be chill, but they wont turn off your utilities for a few weeks +- Chase Slate will take my credit card debt from BoA with no fees and no interest for 15 months. +- Modest Needs sounds like an amazing company for exactly this situation (https://www.modestneeds.org/index.asp) +- As does Prosper (www.prosper.com) +- /r/borrow could give me a small loan +- My top post is me being broke (which is yuck, but otherwise everything else about this post is awesome). +- Someone gilded me to make my day! +- Redditors are amazing. I've had multiple offers to help pitch in. I cannot believe how kind everyone is. + +Thank you, thank you, thank you! +I see such wild swings and potential in solar stocks but I don't know anything about the industry. Can someone run down the companies to know about and what to look for? A good set-up of the solar industry supply chain would be appreciated too. + +I was going to go ask google but then thought why not ask reddit. +From the 7 April 2020, the interest rate applied to all Plan 1 Income Contingent Repayment (ICR) student loans will reduce from 1.75% to 1.1%. + +https://www.gov.uk/government/news/change-to-plan-1-interest-rates +Hi, + +Bit of a stupid situation from my less than intelligent mother. I have been living by myself since moving out in 2009 after graduating High school. I went to college and got a 6 month internship in the fall of 2012. Internship was paid and paid pretty well ($18/hr). Very recently I received a letter from the Oregon Department of Health Services saying there was an over payment of SNAP benefits to my family (Case name is listed as my Mom, but letter is addressed to me). This is because during the period I was working on my internship my mother still had me on her SNAP file. + +It wasn't an honest mistake on her part, she fed me some lines about how she needed more money for the rest of my siblings (another who was 18, but not working at the time). Obviously the government was going to figure out about this considering all they had to do was correlate tax returns and other information. + +The bill says I am liable for this $3600 as well as anyone else on the case (in this case its me, my mother, my step father and my younger brother). + +My mom can pay back the $3600 herself, she has agreed to do this. I am mostly concerned about side effects from this over payment action that might affect me (or my other family members) in the future. Will this hurt my credit? Will it show up on background checks and other things? + +Was considering posting to /r/legaladvice, but my concerns are more financial than anything at the moment. + +Any advice at all would be very appreciated. + +EDIT: I contacted the DHS and let them know that I have not lived with mom during this period of time and have a hearing appointment in place. +VeChain announcement: +https://twitter.com/vechainofficial/status/973521505509191680 + +https://medium.com/@vechainofficial/vechain-and-yunkean-logsafer-a-leading-supply-chain-risk-management-platform-enter-into-47cc11694674 +__________________________________________ + +Logsafer article: +http://logsafer.net/hbbriskinfo/listHbbRiskinfoDet.html?riskid=261 + +(If any native Mandarin speakers can do a proper translation, that would be amazing) + +_______________________________________ + + +Note: Go on baidu and search for "货保宝" for more information + +_______________________________________ + +### VeChain and YunKeAn (LogSafer) a leading supply chain risk management platform enter into partnership to develop blockchain solutions for logistic insurance industry, a ~ $50billion global market + +On March 13, 2018, VeChain entered into a partnership with LogSafer, a leading supply chain risk management and a major logistics insurance platform in China with over 2,500 corporate clients. In the agreement, the two parties will work together to integrate big data and Internet of Things technology into existing and future solutions. The combination of VeChain’s proprietary IoT sensors and the VeChainThor blockchain applied intelligently to the supply chain risk management industry will assist in revolutionizing insurance and value protection services for shipping, logistics and trading companies of every size. The logistic insurance market is estimated by Grand View Research to be approximately $50 billion globally. + +edit: Google translated version removed since Medium article uploaded. + +_______________________________________ + +edit2: Thinking about this... + +Remember this? If you zoom in, you'll see VeChain Intelligent Temperature Control Display System on the monitor +https://twitter.com/DNVGL/status/970852759615475713 + +I believe that VeChainThor cold-chain technology is already beyond the proof of concept stage. It is already a working product, being showcased and sold at international trade shows. How is this relevant to this partnership? + +See the following articles for information about Supply Chain and Insurance +http://www.rmmagazine.com/2014/11/12/protecting-shipments-with-supply-chain-insurance/ +http://www.aimuedu.org/aimupapers/Cold_Chain_Loss_Control_in_the_Supply_Chain.pdf +https://www.sdcexec.com/warehousing/article/11430686/the-role-of-insurance-is-global-supply-chain-risk-management + +From the Medium article +>Example: A fish farmer sends a cargo of fish from Japan to California, and buys an insurance policy from our partner LogSafer to cover this cargo of fish. Something happened enroute and the data grabbed from the VeChain sensors strategically placed within the fish cargo had indicated a certain high temperature reached and an extensive exposure period, a condition which is impossible for the fish to stay fresh. VeChain sensors retrieve that data, and upload that data on chain, and the state of the data triggers a smart contract execution, then the client automatically files a claim and receives a payout by the insurance company. + +The VeChainThor cold chain solution combined with big data analysis and real-time feedback is going to be truly disruptive in the exponentially growing industry that is supply chain insurance. Any international supply-chain insurance company working with enterprises would be foolish not to adopt a blockchain/IoT solution in the coming years. The cost savings and increased efficiencies will change the industry. The strategic partnership with DNV-GL makes VeChainThor the de factor market leader in this field. +So Basically, I got so jacked to the tits that my heart went into spaz mode. I haven't been getting very much sleep because of how exciting things have been, and to try to calm myself down I have been taking nightly half hour to 1 hour long walks. On Thursday night, I got home after a really good workout and tried to go to sleep. Suddenly, my heart started racing like a jackrabbit and pounding hard and my fingers and toes went completely numb / electric zap feeling. I drove in to the ER and ended up spending two nights in the hospital with insanely high blood pressure (astronomically high) + +You guys need to address these health things prior to the squeeze... I know if I saw the zeros starting to add up in my portfolio instead of just having a nice brisk walk, It might have killed me in this situation (I almost died). Please go get a check up and make sure that you're in tip top health so you don't end up dying because of your excitement. + +Furthermore, I should add that my arrhythmia was caused by a dangerously low Potassium level. We always joke about eating bananas, But make sure you're eating them along with anything else you can find that has any potassium in it... As hilarious as the banana jokes are, It's actually completely vital that you start eating them regularly. I learned that all too first-hand this weekend... +So Basically, I got so jacked to the tits that my heart went into spaz mode. I haven't been getting very much sleep because of how exciting things have been, and to try to calm myself down I have been taking nightly half hour to 1 hour long walks. On Thursday night, I got home after a really good workout and tried to go to sleep. Suddenly, my heart started racing like a jackrabbit and pounding hard and my fingers and toes went completely numb / electric zap feeling. I drove in to the ER and ended up spending two nights in the hospital with insanely high blood pressure (astronomically high) + +You guys need to address these health things prior to the squeeze... I know if I saw the zeros starting to add up in my portfolio instead of just having a nice brisk walk, It might have killed me in this situation (I almost died). Please go get a check up and make sure that you're in tip top health so you don't end up dying because of your excitement. + +Furthermore, I should add that my arrhythmia was caused by a dangerously low Potassium level. We always joke about eating bananas, But make sure you're eating them along with anything else you can find that has any potassium in it... As hilarious as the banana jokes are, It's actually completely vital that you start eating them regularly. I learned that all too first-hand this weekend... +24M living in San Francisco. Won the startup lottery and made mid-single digit millions (post tax cash). Looking to switch my lifestyle to working remotely (investing) and living in a country that values friendships over material success. In the best case I would find someone to settle down with and experience a life that is not just 100 hour work weeks. + +I would like to eventually get back to cities like San Francisco, but only after a while. + +What places do you recommend that fit the following criteria: + +- Not known as a place for end of life retirement + +- Low cost of living + +- Not a party city + +- Beautiful, but down to earth women + +- Racially tolerant (I'm of Indian descent) +I am really interested in the impact of personality and mental health on success. + +In the last few years I have discovered I suffer from mental illness that impacts my performance in the workplace- basically, I am one of those difficult people that others don’t like to work with, and have borderline tendencies i.e., fly off the handle, too intense, too demanding, aggressive. I was also passed over for a role after a personality test showed I have the Dark Triad of personality traits, i.e mercurial, aggressive, borderline tendencies. + +I am being treated by a professional and working to improve my overall well-being to eliminate being a difficult person. I am also a women. I was always a top student in STEM and never realized I had these issues until joining the workforce and in a role with high stress and a lot of interpersonal interaction. (I wish I had known more about these issues at a younger age, but was too focused on school and partying to notice). + +In the roles that I have held (PM) agreeableness seems to outweigh execution ability in terms of who gets promoted. I also see that “chill” personalities tend to end up in the Executive management roles. They handle stress well and handle others well. + +For those on the path to fat-fire, have you experienced or seen others with mental health issues, difficult personalities, anger issues, etc. How did these issues impact their earning potential? What changes did they make in their live to ameliorate their issues? Can people with mental health succeed in high-paying roles? + +Really interested in your perspective and appreciate you taking the time to read this a provide a thoughtful response. +Whenever I ask this in /r/financialindependence I get yelled at for being out of touch with real estate prices, so I'll try here. + +How much home did you buy in terms of multiples of gross income? Standard personal finance/FIRE benchmarks seem to say stick to around 2x annual gross income for purchase price (or ~3-4x on the coasts). + +Did you buy for 1x because you income is high enough and that allowed you to get the home you wanted? Or did you stick to the 2 or 3x guidance and get a more luxurious home because you could still afford it and pay if off in a few years if you wanted to? + +Obviously this is extremely location dependent, but I live in the Midwest and purchasing a home for 2x my income would be quite, how do I say?... flamboyant. + +How did you balance your primary residence goals with your path to FIRE? Thank you. +With the economy going in the tank for the foreseeable future, it will inevitably create a safety and security issue for many people. + +What do you do for personal security, whether at home or on the road? Any tips you can share? Security systems, cameras, bodyguards, weapons etc. +I still have a few years to go to FatFIRE, but like many on this sub, many of my retirement goals include luxury, international travel. But much of my focus is not only on the quality of the travel, but also the freedom and flexibility to visit for weeks at a time (which is not possible in my current corporate role). But for those that have done it or are living FatFIRE, is there a diminishing return to this kind of travel? Is the 10th night at the Four Seasons really adding much more joy than heading home after the 5th night? Appreciate your thoughts. +What are the best/safest neighborhoods in South Florida to raise a family? Both my wife and I are completely remote (for the foreseeable future) and she wants to move closer to her family that live in the Pembroke Pines area. + +Our families are typical middle class working families and don’t really have insights to share about a fatfire lifestyle. We earn about 1M a year and have a current net worth of 5M. + +What are the higher end neighborhoods that are ideal for raising a family in south Florida? What are the best private schools? Where can we get a spacious home (5-6 bedrooms, pool, playroom) but not be really far from city life? + +Based on our research Coral Gables keeps popping up, is there anywhere else we should consider? +If you're extremely broke and can't afford a car, get a cheap motorcycle! You get a reliable form of transportation and a safe one if you know how to use it! They're extremely efficient, and have about half of the parts that can fail of a full-sized car. The only drawback is how little it can hold, but if you're living as frugally as possible, you probably won't need to carry around more than it can hold, and even if you do need to make 2 trips, the gas won't kill you. Best of Wishes! +No wrinkles - but this sure looks dirty. + +Fintel.io shows Apollo ownership included Citadell. Citadeell is listed with puts and calls. I don't know I'm a smooth brain - but they're on the list - https://fintel.io/so/us/apo + +Yahoo fiance often links to other articles from other sources - but less than 18 hours are the WSJ article and the crazy jump in value they do their own 'DOA' interview. Super sus +This post lays out the steps that RC and the new GameStop team have taken in the past few months to achieve their strategic objectives. It also identifies where the company is likely going, based on some key subdomains that went live in the past few months. + +*A quick note:* there's a lot of derivative information here. If you see a link or concept that you mentioned months ago, please accept my appreciation, even if you're not mentioned. Feel free to claim recognition in the comments. + +I published another post about a week ago (linked further down), explaining the various subdomains that GameStop uses. If I did my job right, you now understand that **GameStop subdomains clearly describe the software, services, and technologies** that they use to deliver value and delight customers. + +This post builds on that understanding and expands into old and new GameStop operations. +I had to leave a lot of content out to keep this focused, but it's long anyway. + +While this post is forward-looking, it could always be wrong. ***First, never take (financial) advice from internet strangers. Second, as the old Danish aphorism goes, “It is difficult to make predictions, especially about the future.”*** Feel free to make corrections in comments. + +--- + +#TA;DR + +***Ryan Cohen has achieved for GameStop what he did for Chewy, but eight times faster.*** + +***Genba Digital is a British company that GameStop seems to be doing business with.*** + +***Combining Genba’s seamless digital videogame marketplace with non-fungible tokens (NFTs) on the blockchain and the Interplanetary File System (IPFS) for digital rights management will create a completely unique cloud-based videogame marketplace that will enable both developers and players to trade device-agnostic digital content while still supporting the original creators.*** + +***Maybe GameStop will purchase Azerion Holdings, Genba’s parent company and a major videogames and advertising company in Europe.*** + +--- + +#CHEWY VS. GAMESTOP, KEEPING SCORE + +We could measure success of the GameStop strategy if we had a measuring stick to use for comparison. Since the current strategy has Ryan Cohen as the Chairman of the Board and the chair of GameStop’s Strategic Planning & Allocation Committee, it seems fair to measure GameStop’s transformation against RC’s other great accomplishment: Chewy. + +*\[Mobile users scroll right for second column\]* + +|CHEWY Chronology|GAMESTOP Chronology| +|------|-------| +|Miami Beach 18th Annual Antique Jewelry & Watch Show, 15-17 October 2010|RC Ventures acquires 13% stake in GameStop, 17 December 2020| +|MrChewy internet domain launched 9 May 2011|GameStop & RC Ventures reach deal to appoint Ryan Cohen, Alan Attal, and Jim Grube to BOD; 11 January 2021| +|RC, Michael Day, and Alan Attal for the first couple of years|Care subdomain goes live 17 January 2021| +|Chewy.com domain established not earlier than 30 August 2012|Matt Francis becomes GME CTO; Kelli Durkin becomes SVP for Customer Care; Josh Krueger becomes VP for Fulfillment; 3 February 2021| +|Late 2012, first meeting with Larry Cheng of Volition Capital|Jim Bell steps down as CFO; 23 February 2021; reportedly RC wanted this to happen| +|Volition follow-up in mid-2013|Jenna Owens becomes COO; Neda Pacifico becomes SVP of eCommerce; Ken Suzuki becomes VP for Supply Chain Systems; 23 March 2021| +|$15MM in A-Round funding from Volition, October 2013|Elliott Wilke becomes CGO; Andrea Wolfe becomes VP for Brand Development; Tom Petersen becomes VP for Merchandising; 30 March 2021| +|400K sq ft warehouse lease in Mechanicsburg, PA, early 2014|GameStop completes 3.5 million ATM shares offering for $551,000,000 by 26 April 2021| +|Mechanicsburg warehouse effective by August 2014|GameStop pays off $216.4 million, all long-term debt, before 1 May 2021| +|Acquire 2nd warehouse in Reno, Nevada from Toys R Us|RC Tweet at Culver City, CA on 13 April 2021| +|B-Round funding in 2014 for $30MM|QA, Smoke, SFCC subdomains first appear 30 April 2021| +|C-Round funding in 2014 for $41MM|700,000 sq ft warehouse lease in York, PA; 3 May 2021| +|2015-2018, recruiting top talent via LinkedIn (including Jim Grube)|Genba, NFT, and PowerPass subdomains goes live; 17 May 2021| +|2014-2018, $200MM revenue to $3,500MM revenue|AGM; Ryan Cohen becomes COB; Matt Furlong becomes CEO; Mike Recupero becomes CFO; 9 June 2021| +|PetSmart announces $3,500MM acquisition of Chewy, April 2017|GameStop completes 5 million ATM shares offering for $1,126,000,000 by 22 June 2021| +|Cohen steps down from Chewy, March 2018|Acquire 2nd warehouse in Reno, Nevada; 530,000 sq ft; 6 July 2021| +|Chewy IPO on NYSE, 14 June 2019|IPFS NFT subdomain goes live; 20 July 2021| +||Newsletter subdomain goes live; 23 July 2021| +||EB Games Canada announced rebrand to GameStop Canada; 28 July 2021| +||SupplyChainPortal subdomain goes live 12 August 2021| + +**COMPARISONS:** + +1) **Inception** &nbsp; + +- RC decides to go into the pet business after an epiphany following a planned jewelry company that would have launched at the end of 2010, probably around the Miami Beach Antique Jewelry and Watch Show, 15-17 October 2010.&nbsp; +- RC Ventures acquires a 13% stake in GameStop on 17 December 2020.&nbsp; + +2) **Starting the business**&nbsp; + +- Mr. Chewy internet domain launched sometime on or after 9 May 2011. +- GameStop board reaches a deal to appoint RC, Alan Attal, and Jim Grube to the BOD on 11 January 2021.&nbsp; + +3) **Re-branding** + +- Chewy.com domain launches not earlier than 30 August 2012. +- EB Games Canada announces re-branding to GameStop.ca on 28 July 2021. + +4) **First-Round Funding** + +- Chewy gains first-round funding of $15 million USD from Larry Cheng with Volition Capital in October 2013. +- GameStop gains “first-round funding” of $551 million USD by completing an at-the-market (ATM) share offering by 26 April 2021. + +5) **First New Warehouse** + +- Chewy leases a 400,000 square foot fulfillment center in Mechanicsburg, Pennsylvania, in early 2014. The warehouse was effective by August 2014. +- GameStop leases a 700,000 square foot fulfillment center in York, Pennsylvania (almost next door to Mechanicsburg) on 3 May 2021. The warehouse held a hiring fair on 8 July 2021 and is operational. + +6) **Second New Warehouse** + +- Chewy opened another fulfillment center in McCarran, Nevada in 2014. This was converted from an old Toys R Us warehouse. McCarran is a suburb of greater Reno. +- GameStop announced a 530,000 square foot second fulfillment center in Reno, Nevada on 6 July 2021 + +7) **Additional Funding** + +- In 2014, Chewy gained $30 million USD from its second round of VC funding and $41 million USD from its third round of VC funding. +- GameStop gained “second round funding” of $1.126 billion USD by completing an ATM share offering by 22 June 2021. + +8) **Building the Dream Team** + +- Throughout 2015-2018, Ryan Cohen recruited top talent for Chewy by contacting people through LinkedIn and conducting after-hours interviews. +- Between January and June 2021, GameStop assembled a strong executive team from leading eCommerce companies around the world. + +Key members in the transformation include: + +- Alan Attal (the third member of Chewy and former COO, now on the GameStop BOD and Strategic Planning & Capital Allocation Committee), +- Jim Grube (brought into Chewy in 2015 as CFO and now on the GameStop BOD and Strategic Planning & Capital Allocation Committee), +- Larry Cheng (Chewy’s first angel investor, now on the GameStop BOD), +- Kelli Durkin (brought into Chewy in 2015 as VP of Customer Service, now SVP for Customer Care at GameStop); I think she’s the reason for cards at Chewy and she’s doing the same for GameStop now, +- Neda Pacifico (VP of eCommerce for Chewy, now SVP of eCommerce for GameStop), +- Andrea Wolfe (VP of Marketing at Chewy, now VP of Brand at GameStop) + +&nbsp; + +&nbsp; + +Let me break this down a bit more: + +1. Chewy went from concept to implementation in about **7 months**. The RC Ventures version of GameStop went from concept to implementation in about **2 months**.&nbsp; + +2. Chewy rebranded itself after about **15 months**. GameStop rebranded itself after about **6 months**.&nbsp; + +3. Chewy gained its first capital injection after about **29 months**. The RC GameStop gained its first capital injection in less than **4 months**. + +4. Chewy launched its first new warehouse in Pennsylvania after about **36 months**. The RC GameStop launched its first new warehouse in Pennsylvania after about **6 months**. + +5. Chewy launched its second new warehouse in Nevada after about **36 months**. The RC GameStop launched its second new warehouse in Nevada after about **6 months**. + +6. Chewy gained its second capital injection after about **36 months**. The RC GameStop gained its second capital injection after about **6 months**. + +7. Chewy began building a world-class C-suite after about **48 months**. The RC GameStop built a world-class C-suite within **5 months**. + +8. Chewy began innovating in customer care after about **48 months**. The RC GameStop began innovating in customer care within **4 months**. + +&nbsp; + +***Ryan Cohen has repeated his Chewy success within GameStop already.*** + +&nbsp; + +With an established international infrastructure, existing brand equity, and faster access to capital for leading projects, he has **reduced the time needed to achieve change to only about 6 months compared to 48 months**. He is moving 8x faster than he did the first time, using his personal ethics of extreme focus to deliver the kind of service that delights customers and retains them for life. There is still more work needed to cement the gains in supply chain management, customer care, and omni-channel ease-of-use for GameStop customers, but the big parts are already in place. Truly, this transformation is a world-class achievement. **On this alone, GameStop shares are currently undervalued, especially if you consider that the Chewy timeline ended with the largest-ever purchase of an eCommerce company for $3.5 billion USD and -- after IPO -- Chewy is valued at $34 billion USD**. Even without MOASS, that's what GameStop will look like by 2024. + +--- + +#LET’S PLAY MONOPOLY, VIDEOGAMES EDITION + +There’s a great YouTube video from a Stanford lecture series on creating a startup. Peter Thiel, PayPal and Palantir founder, [presents a compelling explanation](https://www.youtube.com/watch?v=-oKjLVECMKA) for why “Competition is for Losers.” His point is that a strong company creates value in a unique way – a way that no competitor can replicate. A good company creates a “monopoly” in its industry. + +In its 10-K form, filed at the end of the fiscal year, GameStop [identifies the companies that It believes are its competitors](https://www.sec.gov/Archives/edgar/data/0001326380/000132638021000032/gme-20210130.htm): + +- Wal-Mart, Target, Best Buy, and Amazon in the U.S. +- Sony Microsoft, Nintendo, Media Markt, Saturn, FNAC, Carrefour, Auchan, and Amazon in Europe +- Wal-Mart and Best Buy in Canada +- JB HiFi, Big W, and Target in Australia + +Looking at this list, I don’t see genuine competition. Many of these companies are “we sell everything” companies; videogame sales are a small part of their overall revenue stream. Videogame and console makers – Sony, Microsoft, and Nintendo – might sell their own products directly, but they mostly rely on other companies (like GameStop) for sales and distribution. In the U.S., Best Buy is the closest apples-to-apples competitor, because it’s a brick-and-mortar retailer that focuses on electronics and media sales. But even then, videogames are simply not a large enough part of Best Buy’s overall revenue compared to GameStop. + +GameStop is a “monopoly” in its market. It is the only major global retailer in its markets that delivers value to customers with a singular focus on videogames and gaming culture. + +And GameStop is an important part of the videogames industry. **Reggie Fils-Aim&#233;** (former President and COO of Nintendo of America) is a somewhat active Twitter user. But when he sat on the GameStop board, he **sent only one tweet related to GameStop**: + +>**The gaming industry needs a healthy and vibrant \@GameStop**. I look forward to being a part of \@GameStopCorp Board and helping to make this happen. https://t.co/pYWFGZ9XKj + +&nbsp; + +***GameStop is a critical part of the videogame industry’s ability to identify potential customers, gather information about trends and preferences, and distribute games and consoles to users worldwide.*** + +--- + +#EVEN IF I DIDN’T FINISH THE GAME, I LEARNED A LOT ALONG THE WAY + +GameStop has acquired a variety of skills throughout its lifetime. These were failed projects, but they gave GameStop insights into key aspects of the market. Since GameStop is less than 20 years old as a corporation (I’m not including Babbage’s or EB Games prior to the GameStop incorporation in 2002), the company still retains institutional memory from these earlier ventures. + +- **Kongregate**: GameStop acquired indie game developer Kongregate in 2010. The site hosted a variety of web-based games. It also had a software development kit to help indie developers build games for mobile devices and Steam. GameStop sold Kongregate to Swedish company Modern Times Group in 2017. I will never understand why Reddit forums filled with apes never jumped on the opportunity to have a tagline like, “A Place for GameStop Apes to Kongregate.” Also, this company’s logo features ants. Shoutout to our Korean brethren. +- **Jolt Online Gaming**: GameStop acquired Jolt in 2009. This was another web site that delivered web-based games. It also included game reviews and interviews. The site closed in 2012. +- **Impulse**: This was basically a Steam clone that GameStop acquired in 2011. Customers could purchase, download, and play games from an online digital marketplace. The program was discontinued in 2014, and unfortunately customers no longer have access to any games they purchased on the service. Strangely, GameStop has maintained the “Impulse Store” subdomain and it’s still current. +- **Spawn Labs**: GameStop acquired Spawn Labs and its [patent](https://patents.google.com/patent/US8998719B1/en) [portfolio](https://patents.google.com/patent/US9675877B2/en) in 2011 also. Spawn Labs provided technology to stream video games from the cloud to any front-end console or computer. Here’s a [good demo with bad production quality](https://www.youtube.com/watch?v=M86CLcPiK28). +- **GS Mobile**: GameStop incorporated mobile phone sales into some of its U.S. stores, beginning in May 2012. They partnered with AT&T as the mobile carrier for service. The GameStop mobile phone carrier was branded as Spring Mobile, and it was the single largest AT&T wireless reseller at the time. This part of GameStop was sold off in 2020 so the company could refocus on gaming and gaming culture. + +&nbsp; + +From all of these past failures, here are the skills that may still be resident within the collective consciousness of GameStop: + +- **Web-based gaming** +- **Mobile gaming** +- **Indie game development and distribution** +- **Mobile networks and telephony** +- **Device-agnostic streaming video games** +- **Digital gaming marketplace** + +&nbsp; + +There’s are two other key features that GameStop brings to the videogames industry. GameInformer magazine and PowerUp Rewards. + +**GameInformer**, with over 10 million subscribers, is the fifth largest magazine circulation in the United States and (adding other countries) the **fourth largest magazine circulation in the world**. + +**PowerUp Rewards**, GameStop’s in-store discount purchasing program, has **over 60 million members**. + +&nbsp; + +There’s a great [Freakonomics podcast interview with Jeff Immelt](https://freakonomics.com/podcast/jeff-immelt/), the former CEO of General Electric. Immelt watched GE decline in value from the most profitable company in the world to a current valuation that’s only one quarter what it had when he took over as CEO in 2001. In the interview, Immelt identifies what – for him – is the key driver of success for large companies in today’s markets: + +>If you think about the conglomerates of today — I’m talking about Amazon and Alphabet — they have a technical foundation. I would say G.E. had, at least in the beginning of my career, our foundation was management practices. It’s not that that’s unimportant. But that wasn’t enduring, really. And I think when you look at Amazon, they are a dominant software company. And in some way, shape, or form, everything they do feeds off that. Google was a dominant A.I. company. Everything they do feeds off that, right? So I think if you want to be a conglomerate today, a technical foundation is a must. + +GameStop is the sole “information technology” company for the videogames industry. + +https://www.forbes.com/sites/paularosenblum/2015/09/14/gamestop-uses-data-and-customer-experience-to-survive-and-thrive-in-stores-and-online/ + +If you don’t already know, large companies generate a lot of revenue by collecting and selling information about your web surfing habits, purchasing habits, and overall demographic information. This is the Information Technology that Jeff Immelt was talking about that makes Amazon and Alphabet such large companies today. From Alexa and OK Google to your web searches to your subscription deliveries, [modern companies benefit from the knowledge they have that other companies want](https://www.pcmag.com/news/how-companies-turn-your-data-into-money). + +> More identifying information can simply be purchased. "Facebook is taking offline credit card data and mixing it with their site," Weinberg said, to illustrate the lack of transparency he sees in the data market. "You wouldn't expect that. The bigger the data profile . . . the better you can be targeted. They have incentives to buy and combine extra data." After our interview, it came to light that Google had penned a secret deal with MasterCard for data on offline spending habits. + +Now, this article was written for an American audience. Europoors at least benefit from some protection under GDPR. + +If you’re offended that your personal information is being harvested, I feel like I’ve just awakened you from the Matrix. This is how all large companies build profiles to develop more popular products, deliver more appealing marketing, and identify more affluent customers. In fact, [Target can tell you when your teenage daughter accidentally became pregnant](https://www.forbes.com/sites/kashmirhill/2012/02/16/how-target-figured-out-a-teen-girl-was-pregnant-before-her-father-did/ +). + +Back in fall 2020, u/DeepFuckingValue noted the potential for a GameStop renovation to improve advertising revenue along with a move towards an “omni-channel” marketplace. This was always part of the GameStop transformation. Here’s a single example of his fundamentals-based thesis. + +https://twitter.com/TheRoaringKitty/status/1325573568822915077 + +GameStop uses the company [Moveable Ink](https://movableink.com/product) to deliver a web site experience that is completely unique for each person who visits GameStop’s web sites. + +The whole reason for turning GameStop stores into Pokemon Go gyms was so that GameStop could acquire mobile phone identifiers, correlated with Google accounts and Pokemon Go playing statistics, correlated with a customer’s GameStop purchase history, correlated with demographic and spending details that were purchased online for pennies on the dollar. GameStop can use its cloud-based Tableau instance to provide rapid data visualization to infer key trends in customer preferences. They will sell this information to Sony, Nintendo, and Microsoft (and perhaps the big game companies like Blizzard-Activision, Sega, or Epic) to create a templated profile for what a top-selling future game might look like. Simultaneously, GameStop can use each Pokemon Go gym visit as a proxy for how many customers are visiting its brick-and-mortar operations. This helps to show that GameStop’s retail storefronts are far from dead (as the Wall Street propagandists would have you believe). + +&nbsp; + +Okay, putting it all together: + +***GameStop is transitioning from a brick-and-mortar focus towards a digital-first information technology company. It has a variety of skills stored within its institutional memory, including web games, mobile phones, mobile apps, streaming gaming, and digital-download videogame distribution. It has a proprietary database of over 60 million gamers that it combines with other demographic data to create the most valuable database of gamers in the world. This gamer database, along with GameStop’s worldwide supply chain, makes it so indispensable that “The gaming industry needs a healthy and vibrant GameStop.”*** + +&nbsp; + +But what if I told you that it’s going to get even better? + +--- + +#NOW, FOR THE MOON SHOT + +In my last post, I mentioned a company called **Genba Digital**. I think they are directly connected to GameStop’s NFT infrastructure. + +- ```nft.gamestop.com``` goes live 17 May 2021 +- ```genba.gamestop.com``` was updated 17 May 2021 +- ```powerpass.gamestop.com``` was updated 17 May 2021 +- ```ipfs.nft.gamestop.com``` goes live 20 July 2021 +- Ethereum’s London Hard Fork happened 4 August 2021 + +#####FIRST, NFT + +In the post below, u/schismsaints lays out a great list of possible business uses for NFTs on the Ethereum blockchain. + +https://www.reddit.com/r/Superstonk/comments/of20ou/a_deep_dive_into_nftgamestopcom/ + +>Possible Business Uses +> +>- In-store currency - GME Coin can be used as an in-store currency/reward system +>- Crypto swap/exchange - Partner with an established cryptocurrency company to facilitate listing and conversion/exchange between stablecoins such as USDC or miscellaneous established coins or altcoins, and GME specific tokens. Use a GME app to manage a crypto wallet and exchange between various tokens/coins/currencies. +>- NFT Collectibles - i.e. CryptoKitties, Gods Unchained, etc. Facilitate in-person trading (either in-store or via app to app trading) of digital items and collectibles between platforms. +>- Digital game licensing - revolutionize DRM by hosting a record of your game license on the blockchain +>- In-game item transfer/entitlement - Imagine if there was a way to trade/sell your CounterStrike skins in-person for cash, or exchange a cool knife skin for a new CryptoKitty + +#####SECOND, IPFS + +In the post below, u/hooper359 explains how IPFS works with the ERC-721 NFTs on the Ethereum blockchain. From all I've seen, u/hooper359 was the first to identify the new IPFS subdomain for GameStop. + +https://www.reddit.com/user/hooper359/comments/osr91k/new_ipfs_subdomain_possibly_for_a_digital_games/ + +There’s also a web site that provides details about what the Interplanetary File System (IPFS) is, how it works, and how to integrate it into existing blockchain systems. + +https://docs.ipfs.io/ + +The key [features or proposed uses cases of IPFS](https://docs.ipfs.io/concepts/usage-ideas-examples/) that are relevant to this conversation are: + + +- Proof of Ownership +- Blockchain-powered online commerce +- Distributed package managers (DPM) and content delivery networks (CDN) +- Version control +- Selling digital files +- Serverless online gaming + +#####THIRD, GENBA + +Now, let’s take a look at Genba. + +My last post was a look at GameStop subdomains. + +https://www.reddit.com/r/Superstonk/comments/p2rnqn/a_review_of_gamestop_subdomains/ + +That post was set up to preface this post by highlighting one key feature of GameStop’s subdomains. + +**GameStop subdomains describe the branded services or products that GameStop uses in its network infrastructure.** + +GameStop has a subdomain ```genba.gamestop.com```. It first appeared in early 2020, but it was **last refreshed on 17 May 2021 at the same time the NFT subdomain appeared**. + +&nbsp; + +***The name Genba is fairly unique.*** + +&nbsp; + +If you’re familiar with “Lean” concepts in manufacturing and supply chain management, *Gemba* is a fairly well-known term. It roughly translates to the old business cliché of “Management By Walking Around” (MBWA). It requires leaders in organizations to actually “go and see for themselves” what’s happening in the operations center, warehouses, or retail front lines of the company. + +But the Lean version of *Gemba* is always spelled with the letter “**M**” like in G**M**E, almost never spelled with an “**N**” like in **N**aked Shorts. **[Here’s a blog post](http://artoflean.com/index.php/2016/03/25/is-it-genba-or-gemba/) by a Lean expert explaining the difference in spelling**. + +If you search for the **Genba-with-an-N** spelling, only two companies come up. + +One is a Lean consultancy in Washington state. It was incorporated in Delaware, but it doesn’t use the same registered agent that GameStop uses. Also, what does walking around the operations center have to do with videogames? + +***The second company is Genba Digital.*** + +Genba Digital is a startup in Leamington Spa, outside of Birmingham, England. They have offices in London, England; Eindhoven, Netherlands; and Los Angeles, California. They started in 2015 with investment from UK and EU venture-capital firms. + +https://genbadigital.com/ + +https://pitchbook.com/profiles/company/158919-13 + +Here’s how they describe themselves: + +>Developer of a cloud-based digital logistics platform designed to bridge the gap between publishers and resellers in the gaming industry on a global basis. The company's platform is API driven and fully-automated that eliminates the operational and technical logistics involved with publishing and selling digital content, enabling game publishers to avail automatic, secure delivery of activation keys, official publisher metadata and videos in multiple languages. + +Genba Digital lists over 200 partnerships on its web site, including: + +- Amazon +- Ubisoft +- Disney +- Square Enix +- Epic Games +- Konami +- 2K +- Sega +- Capcom +- Take 2 Interactive +- Paradox Interactive +- Hello Games +- Gamesplanet +- Games Republic +- 505 Games +- Codemasters +- Curve Digital +- Team 17 +- Hello Games +- Voidu + +Sony [created Genba back in 2013](https://www.prnewswire.com/news-releases/sony-dadc-launches-genba-digital-games-supply-chain--distribution-services-210543551.html). Their DADC (Digital Audio Disc Corporation) New Media Solutions division [hired Kwiboo to develop the initial concept](https://www.kwiboo.com/case-studies/genba-web_platform/). In their site, they call Genba “***the world’s first digital supply chain management platform for the games industry. Linking games publishers with game eTailers, on a global scale, to drive efficiencies in relationship management, content distribution and consistent pricing.***” + +On 18 May 2021 Genba Digital was acquired by Azerion Holdings. **This is exactly one day after GameStop launched its NFT domain and refreshed its Genba domain**. [According to the UK’s Companies House website](https://find-and-update.company-information.service.gov.uk/company/09491005/filing-history), Erol Erturk and Umut Akpinar were appointed as directors of the company. Umut Akpinar is the [Founder and CEO of Azerion](https://www.linkedin.com/in/umutakpinar/), a videogames company based out of Amsterdam, Netherlands. Erol Erturk is the [Executive Vice President of Content and Strategic Partnerships](https://www.pocketgamer.biz/news/72583/azerion-fully-acquires-spil-games/) for Azerion. + +https://azerion-investors.com/reports/ + +https://azerion.com/companies + +I don’t want to get lost explaining Azerion, but there’s one last possibility I want to touch on. Azerion is a relatively large European gaming and advertising company. Their gross profit in 2020 was €70 million EUR. ***If GameStop wanted to acquire Azerion, the company is not too large to be reasonably purchased for a price within the available cash GameStop is holding***. This would also be a way to re-enter the northern European markets after closing stores in 2020. + +With the Genba subdomain, it’s clear that GameStop has a relationship with Genba Digital, but it’s not clear whether this is a business partnership or a pending acquisition. There's not enough info to clarify, so let’s just keep looking at the potential that Genba Digital brings to GameStop. + +**Genba Digital’s platform helps to solve some of the major problems with videogame distribution globally.** + +One challenge that games developers face is [grey market key reselling](https://advanced-television.com/2019/12/04/genba-digital-continues-to-evolve-the-way-video-games-are-sold-online/). Users who are finished playing a game resell their game keys online, cutting out the company’s profits for digital distribution. Genba Digital [partnered with Ubisoft in May 2019](https://www.pcgamer.com/ubisoft-is-trying-to-wipe-out-key-reselling-with-silent-key-activation/) to implement a process they called “Silent Key Activation,” or SKA. The Genba Digital platform provides the digital license keys silently to the user’s platform, so the user never sees the actual license key and can’t resell it on the grey market. + +This is less of an issue in the United States or Europe, where users are playing on their personal devices – consoles, mobile phone, desktop gaming rigs. But in Asia, and especially China, most players access their favorite titles through cyber cafes. In this case, the software developer sells a license to a user based on an account login. This makes grey-market key reselling a bigger issue for these companies to capture revenue. + +One last speculation about *Genba*. Remember when RC [tweeted his visit](https://mobile.twitter.com/ryancohen/status/1381829698263654401) to the GameStop in Culver City, California? Back then, there was a lot of speculation that GameStop might merge with Super League Gaming (SLGG) because they’re based out of Los Angeles. If you notice the Genba description above, they also have offices in Los Angeles. The tweet was on 13 April, just a little over one month before the NFT and Genba domains launched and Azerion acquired Genba Digital. I know I’m speculating, but I wonder whether Azerion is secretly buying up gaming companies on behalf of GameStop, like that [scene at the end of Batman Begins](https://www.youtube.com/watch?v=Vw4KaI6dpBo) when Dr. Michael Burry pulls a fast one on Roy Batty and buys Wayne Enterprises without anyone knowing. + +--- + +#POWERS COMBINED + +Let’s bring all of these parts together, to make the big picture clear. + +- GameStop creates an **NFT** framework to identify ownership. +- GameStop uses **IPFS** technology to identify unique ownership of videogame licenses, downloadable content, in-game items, in-game currency, and digital collectibles related to gaming and pop culture. +- GameStop uses the **Genba** platform to create a seamless transactional marketplace for all customers. +- Customers can move personal transactions back into the White Market, conducting secondary sales through GameStop’s NFT-driven digital marketplace. +- Original developers receive transactional royalties in perpetuity from all trades related to their intellectual property; GameStop receives a fractional percent of all revenue generated in its marketplace. +- Fans and independent artists create specialty characters, costumes, and items that can be sold in a secondary marketplace, like Etsy for videogames. +- Software developers can create limited-edition videogames with inherent value based on rarity, similar to how [Wu Tang Clan created a single copy of its “Once In Shaolin” album](https://www.bloomberg.com/features/2015-martin-shkreli-wu-tang-clan-album/). +- GameStop creates a secondary digital market for “used” digital games and collectibles, exactly how it has done with physical game media and collectibles in its brick-and-mortar stores. +- Every transaction will be written publicly to the blockchain. But each account will remain anonymously hidden as a hexadecimal hash code. But **by linking the blockchain accounts to GameStop PowerUp Rewards accounts or PowerPass accounts, GameStop will have a monopoly on the true identities of its marketplace users**. This will give GameStop a unique advantage in providing customer data to software developers around the world. + +It might be better though if [GameStop’s Principal Engineer explains how this will work](https://www.linkedin.com/pulse/magic-gathering-multiverse-metaverse-jordan-holberg/). + +&nbsp; + +***GameStop is about to completely change the videogame industry.*** + +--- + +#THE FINAL BOSS + +One of the great challenges of cryptocurrency adoption is that it can take forever to make a transaction. Once you agree with another person to give away your cryptocurrency in exchange for some material object or service, the network still has to validate that you have the currency available and that the exchange properly moved that currency to the correct recipient. This can take several minutes or several hours, depending on the condition of the network at the time. + +In contrast, you can flash your mobile phone at a near-field communication (NFC) receiver and buy your Starbucks coffee in seconds. Even if you use your chip-and-pin card to make a purchase, the whole transaction takes less than a minute. EVERY. SINGLE. TIME. + +This is because companies like Visa have built a very large infrastructure to make sure that money moves quickly throughout the world. The speed of the network is measured in “transactions per second” (TPS). **Visa, with a 20,000 TPS network speed, is the Goliath against which cryptocurrency developers compare themselves**. (People argue about what the true TPS is for Visa, I’m ready for the comments…) + +There is an equivalently monolithic goliath for digital videogame transactions. + +&nbsp; + +**It’s Steam.** + +&nbsp; + +When GameStop was trying to deliver games digitally with its Impulse service at 10% of the U.S. market, Steam was crushing GameStop with 70% of the U.S. market. Steam is the largest and most popular digital game distribution platform worldwide, with over 30,000 titles available for download. Nearly half of all software developers sell their games on Steam. + +But developers don’t want to sell on Steam, or Apple’s App Store, or Google Play. These companies take a 30% haircut on every single transaction in their markets. This is why Epic Games took Apple to the U.S. Supreme Court. + +***Building a cohesive and seamless videogame market that can compete with Steam is the true final boss that GameStop must face***. But to achieve success while also giving *Power to the Players*, *Power to the Creators*, and *Power to the Collectors*, without gouging developers with a 30% cut on every transaction – that will be what truly makes GameStop into the clear market dominator. + +--- + +#TA;DR + +***Ryan Cohen has achieved for GameStop what he did for Chewy, but eight times faster.*** + +***Genba Digital is a British company that GameStop seems to be doing business with.*** + +***Combining Genba’s seamless digital videogame marketplace with non-fungible tokens (NFTs) on the blockchain and the Interplanetary File System (IPFS) for digital rights management will create a completely unique cloud-based videogame marketplace that will enable both developers and players to trade device-agnostic digital content while still supporting the original creators.*** + +***Maybe GameStop will purchase Azerion Holdings, Genba’s parent company and a major videogames and advertising company in Europe.*** + +&nbsp; + +Thanks for playing along with me as I entertained this speculative fan-fiction. + +&nbsp; + +-PMNK +Previously I did a [DD on retail interest on GME](https://www.reddit.com/r/Superstonk/comments/oabdv7/gmes_retail_interest_examining_the_retail/) that focused on the numbers and some of the information here is a repost from that write up, but with a couple of new important points. Since the retail interest continues to update, I also wanted to break off the educational part of that previous post about the Retail Liquidity Program that I could just link back too in the future. Hopefully I will also educate folks about this program that the NYSE runs since it gives us apes special information about how many shares retail is putting in orders for each week. This will also allow me/some other ape to move to more weekly updates on the actual data from the retail liquidity program. + +Much of this is a more focused and shorter write up on Citadel being the most likely RLP. Though I record in detail how the RLP works and that part of this post could have been a separate Education/Data post, I felt that I should mark it as DD since there important inferences made based on how the program works and [another DD](https://www.reddit.com/r/Superstonk/comments/od4bb1/the_sun_never_sets_on_citadel_part_2/) done by /u/swede_child_of_mine + +This post includes many abbreviations, but was included to shorten things a bit. This DD was already getting long. + +* CADV – Consolidated Average Daily Volume +* CTA – Consolidated Tape Association +* DMM – Designated Market Maker +* GME – GAMESTONK +* IoC – Immediate or Cancel (order type) +* MPL – Mid-Point Passive Liquidity ([MPL Image](https://imgur.com/DIiE0is)) +* NYSE – New York Stock Exchange +* OBV – On Balance Volume +* RLP – Retail Liquidity Providers/Program +* RMO – Retail Member Organizations +* RPI – Retail Price Improvement ([RPI Image](https://imgur.com/CsAjdBF)) +* SHF – Shitty/Short Hedge Funds +* SLMM – Supplemental Liquidity Market Maker +* SLP – Supplemental Liquidity Provider +* SLP-PROP – Supplemental Liquidity Provider Proprietary + +**TLDR** + +The NYSE runs a program called the retail liquidity program which handles orders marked by brokers as originating from retail. Citadel is almost guaranteed to be the RLP for GME. These orders are filled within the program as much as possible but are generally adjusted to an IoC order depending on how the broker marks the order. These orders seem to end up filled anyways even outside of the program and I now suspect this is done within Citadel Connect. + +**Additionally, if you want a quick and dirty approximation of how many shares retail put in orders for (as an absolute minimum number), it's around 1.75% of the CADV (including both buys/sells) on a daily basis within the RLP. You can likely use this to very roughly approximate future retail share orders submitted within the retail liquidity program, but remember this is an absolute bare minimum number.** + +Retail continues to amass more and more shares as time goes on. + +**TLDR DONE** + +**Previous Attempts at This** + +There have been a few attempts on Superstonk at examining retail interest in GME. I believe u/HomeDepotHank69 was examining orders submitted with the first 30 minutes of the day to look at retail interest, but the results seemed to be inconclusive. ([https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/](https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/)) + +I also remember reading a post by u/jsmar18 ([https://www.reddit.com/r/Superstonk/comments/nar8dc/odd_lots_show_that_gme_interest_is_not_subsiding/](https://www.reddit.com/r/Superstonk/comments/nar8dc/odd_lots_show_that_gme_interest_is_not_subsiding/)) that was examining GME trades using odd lots as a marker for retail interest. He correctly acknowledges that both retail and HFT firms use odd lots frequently, however the data that I’ve looked at here indicates that a specific program run by the NYSE for retail orders only (called the retail liquidity program) seems to be filling retail orders in larger batches, while at the same time barely executing any orders within the program at all. While it could be a statistical anomaly of large retail whales skewing up the average, but I don’t really think this is the case after looking at execution. + +**Data Source** + +All data was obtained from [https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx](https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx) (this will download the data) found on [https://www.nyse.com/markets/liquidity-programs](https://www.nyse.com/markets/liquidity-programs) over the past several weeks. I was able to collect 7 out of the last 10 weeks of data, including the last 4 straight weeks. Unfortunately, there doesn’t seem to be a place to collect these documents (historical ones). I started to log them at [https://web.archive.org/web/*/https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx](https://web.archive.org/web/*/https://www.nyse.com/publicdocs/nyse/NYSE_Group_RLP.xlsx) since the NYSE doesn’t seem to make this available or post it anywhere after the week they are posted is complete. I would encourage others to try to help log this going forwards as I missed a couple of weeks due to life. I will continue to try to preserve this data but any help is appreciated. + +**Background** + +The NYSE runs a program called the retail liquidity program. Brokers who are eligible as RMO’s (Retail Member Organizations) can mark orders as coming from retail, which are then serviced by the NYSE Retail Liquidity Providers (RLP’s). This is carried out with tons of securities and recorded against the tape and the program itself is not only for GME. GME is on Tape A if you’d like to look at the data yourself. + +The most important point is that the Retail Liquidity Program will help establish the **ABSOLUTE MINIMUM** number of share orders submitted by retail, since it is not guaranteed that the broker you are using is an RMO and it is not guaranteed that your order is filled within the program. + +**So how much of the CADV is retail?** + +It looks like only around 1.75% of the CADV is the retail orders inside of the RLP. (remember this is the bare minimum since not every broker is an RMO). + +[CADV vs. Retail Orders](https://imgur.com/LY404kv) + +**Who can be a Retail Liquidity Provider?** + +To become a Retail Liquidity Provider at the NYSE, you need to be either a Designated Market Maker (DMM) or SLP (Supplemental Liquidity Provider). However, the NYSE doesn’t actual reveal who their RLP’s are – I scoured the website, if you can find it I will add it to the post but I couldn’t. So, let’s infer who it could be based on the evidence we can gather. + +**NYSE DMM’s** + +* Citadel Securities LLC +* GTS Securities, LLC +* Virtu Americas LLC + +**NYSE SLP’s (SLP-PROR or SLMM)** + +* HRT Financial LLC +* IMC Chicago LLC +* Latour Trading, LLC +* Tradebot Systems, Inc. +* Virtu Americas LLC +* Citadel Securities LLC (SLMM) +* Goldman, Sachs and Company (SLMM) +* Virtu Americas LLC (SLMM) + +Citadel and Virtu account for nearly 22.8% of market share by volume as individual firms, and then they also carry out special roles at the NYSE which accounts for another 19.9% of the market share. ([https://qz.com/1969196/citadel-securities-gets-almost-as-much-trading-volume-as-nasdaq/](https://qz.com/1969196/citadel-securities-gets-almost-as-much-trading-volume-as-nasdaq/) ) + +Based on previous claims that Citadel Securities completes nearly half of U.S retail volume and 26% of all U.S equities volume ([https://www.citadelsecurities.com/products/equities-and-options/](https://www.citadelsecurities.com/products/equities-and-options/)). + +Virtu also claims to handle approximately 25% of all retail order flow in the US. ([https://www.virtu.com/market-making/client-market-making/](https://www.virtu.com/market-making/client-market-making/)) Virtu is also the preferred execution service for IBKR Retail Equity Volume ([https://s21.q4cdn.com/422114427/files/doc_financials/2021/q1/Virtu-Financial-Earnings-Presentation-2021-Q1.pdf](https://s21.q4cdn.com/422114427/files/doc_financials/2021/q1/Virtu-Financial-Earnings-Presentation-2021-Q1.pdf), see pg. 10). Just for clarity, Virtu Americas LLC’s parent organization is Virtu Financial LLC. + +Based on these pieces of evidence, it is highly likely that the two larger RLP’s for the NYSE are Virtu Americas LLC and Citadel Securities LLC. Not surprising, but it’s good to back things up with evidence. RLP’s are also tied to specific securities, so it is likely one or the other in this case. However, I believe that Citadel is the RLP for GME since they are also the DMM for GME ([https://www.reddit.com/r/Superstonk/comments/n68ooc/did_you_know_citadel_is_the_nyse_dmm_for_gme/](https://www.reddit.com/r/Superstonk/comments/n68ooc/did_you_know_citadel_is_the_nyse_dmm_for_gme/)). + +It would be an easy addition for them and does not make sense for Virtu to poach this one from them given that Citadel dwarfs them and that Citadel would want control over the ticker that they shorted into the ground. +I didn’t realize right away that I couldn’t access old data once it was gone (I thought I could get it from [https://ftp.nyse.com/](https://ftp.nyse.com/) but no dice), so I have some missing data points with no apparent way to reconcile these. + +As I said earlier in the post, I have been archiving the files as they are posted now each week so hopefully will be able to continue examining this going forwards. + +**So how does this program actually work?** + +Suppose your broker is an RMO. They mark your order as originating from retail, with the order falling into one of 3 categories. An important feature is that the special tags by the RMO mark your order as NOT coming from an algorithm or HFT Firm. The orders listed in this data are from retail investors only and get classified one of three ways. (see pg. 369 of [https://www.nyse.com/publicdocs/nyse/regulation/nyse/NYSE_Rules.pdf](https://www.nyse.com/publicdocs/nyse/regulation/nyse/NYSE_Rules.pdf) for complete descriptions, I include an image) + +[Retail Order Designation Image](https://imgur.com/PZibOUC) + +**Type 1** – the retail order will only interact with available contra-side (i.e. buy matched to a sell and vice versa) RPI orders and MPL (Midpoint Passive Liquidity) orders. If the order is not completely filled, the portion that does not execute is immediately and automatically cancelled. + +**Type 2** – the retail order will first interact with available contra-side (i.e. buy matched to a sell and vice versa) RPI orders and MPL orders. If the order is not completely filled, the remaining portion is the executed as a Reg NMS Immediate or Cancel (IoC) Order. This would fill as much as possible in the NYSE Exchange book, then the remainder gets cancelled. + +**Type 3** - the retail order will first interact with available contra-side (i.e. buy matched to a sell and vice versa) RPI orders and MPL orders. If the order is not completely filled, the remaining portion is the executed as a NYSE Immediate or Cancel Order. This would fill as much as possible in the NYSE Exchange book and then through other markets if the execution is protected. Then the remainder of the order gets cancelled unless it is completed filled in other markets. + +Note the part about orders being "immediately and automatically" cancelled. This based means that all of these order types effectively work as types of IoC orders. + +**How many orders get filled in the RLP for GME?** + +[Fill Rate Image](https://imgur.com/LFbGlDO) + +From looking at the data, it appears like the fill rate for GME orders within the RLP program is averaging about 12.8% from April 26th to July 2nd. + +**Why does this happen?** + +[IOC Image](https://imgur.com/A802uCL) + +I listed the order classifications here, because as you saw in the table a significant number of orders placed for GME are resulting in cancellations within the retail liquidity program due to how the orders are marked by the RMO and cancellations would happen when THERE ISN’T ENOUGH LIQUIDITY in the RPI and MPL order types. So even though over 85% of the retail orders were "cancelled" within the retail liquidity program, I would hazard an educated guess that your orders got filled anyways. Since the RMO is potentially submitting orders as batches, smaller orders are just straight up getting filled with no cancellations (the average size of an executed order is around 30 shares which seems reasonable but the submitted orders are like 200+ shares), while larger orders are taking more time to actually fill OR are being ported out of the program into a *non-disclosing portion of the market* that's hidden... + +**I am 140% SHF positive that it would have been posted about on Superstonk if apes trying to purchase GME were consistently getting orders cancelled in line with the percentages indicated in this data.** + +It was unclear to me exactly how these “cancelled orders” from the retail liquidity program end up getting filled anyways, since it appears as though (after exhausting the RPI and MPL orders) they would convert into order types that always end up with a portion that could get cancelled if the liquidity is not there. However, after reading "[The Sun Never Sets on Citadel, Part 2](https://www.reddit.com/r/Superstonk/comments/od4bb1/the_sun_never_sets_on_citadel_part_2/)" and chatting with /u/swede_child_of_mine I suspect that the orders that are “not executing” in the RLP are being internally filled within Citadel Connect because they are primarily IoC orders and do not require disclosure. (Read their post for details on that) Given that the average fill rate within the program is <15%, that means that Citadel would be processing >85% of orders within Citadel Connect for GME. + +I look forward to someone with better data access or who is wrinklier than I am verifying this part (if that is even possible), but given the evidence within the RLP, it definitely looks like Citadel is hiding the vast majority of the retail trades for GME within Citadel Connect. + +HEY NYSE, SEC AND FINRA... + +HOW THE FUCK WAS THIS ALLOWED TO HAPPEN? + +HOW IS IT BEING ALLOWED TO CONTINUE? + +[I mean...](https://imgur.com/xdv3qf4) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Hi everyone I’m in desperate need of advice. My fiancé and I just bought a house, including taxes, PMI, and everything else our mortgage monthly payment is 1700. My fiancé makes 62,000 yearly gross, I currently make 53,000 gross. We have no other debts aside from the house, no car payments, just regular monthly bills. I would like to drop to part time and only make 36,000 gross a year. I know things would be a little tighter but I would like to know if you guys think that it would be doable to go part time. Any advise is seriously very appreciated! +Hey guys! + +So my mother has 700k in her traditional 401k. She is 66 and has been retired for a few years. What would her tax rate be based off of? Would it been her current rate? Or her rate prior to retiring? +I realize this might not be appropriate, but it's a question I've pondered recently- people's differing attitudes on what is enough money and what is too much money? + +Some Examples to Exemplify the Nature of the Question: + +1. There was this lottery winner who won like a $250 or $350 million jackpot, so like $125-175 million cash after taxes. He'd been destitute or homeless for the longest time and had only recently gotten his life back together through a non-profit church group. He was accompanied by the church leaders when he went to the press conference to accept the money. He announced nobody deserved to have that much, he was compelled by his faith and his community to give ALL of it away. Like every penny. A church leader stepped in and pulled him aside and they chatted for a second, then the church leader went up to the microphone and assured the press pool that as generous of a statement and as in line with the church's teachings as that was, they would counsel him to keep more than enough to be personally comfortable and spoken for and to be very measured about giving the money away over time and they wouldn't let him give up so much he didn't have enough for himself, let alone every penny of it. +2. During an interview, someone quoted a person to Bill Gates about how billionaires, especially the top 1% of billionaires, should give all their money away. Bill Gates asked what that meant exactly, in the sense that should he give away literally every penny? Would he be wrong for keeping $1 million? $10 million? $100 million? $1 billion? How much is too much money, how much isn't enough? It's human nature to want to be comfortable, to grow accustomed to the amount of money that provides a desirable lifestyle that can be maintained going forward in terms of paying the bills, the taxes and so on for your personal possessions and habits. So what should that number be, especially if the free market is what gave you the funds in the first place? +3. Even famous examples of billionaires and millionaires who did "give all their money away" if they gave up $15 million or $2 billion, etc. they do tend to keep more than enough to be comfortable. Tom Shadyac, director of a ton of classic 90's comedies, once had a net worth of over $50 million. He gave almost all of it away. Still has around $5-10 million and lives comfortably. Steve Wozniak and I forget whom but another multi billionaire famously gave away virtually all of their fortunes... but still maintain $10-20 million in funds to be comfortable, to have a nice house, pay their property taxes and so on and they preach that there isn't enough money in the world to make you happy... but it seems like being a multi-millionaire in the low eight-figure range is still something they prefer even if they give up virtually "all" of their money. + +So... to the financial experts, particularly ones who aren't focused on hoarding their resources but enjoy a lifestyle that their income pays for, what do you think the rule of thumb should be on what is "enough", generally speaking? What's the line between "enough" and "you don't need this much, who needs this much?" +So, this might sound like a silly question, but I just started a new workplace 401k, via Vanguard index funds, and I'm adding my appropriate contribution to receive max employer matching, and all that, however, I am JUST NOW starting this account next week, and I may tart up a new Roth IRA within the month. + + +I know the personal max contribution for 401k(2021 at least) is $19,500/year, and I won't reach that max regardless, however I am curious as to what a "year" is, as I would like to provide as much as possible this year from my paycheck being deducted, and adding some money of my own to the account, and then maxing it out for "2022". However, what are the cutoff dates for what that "year" is? Is it a calendar year, fiscal year, tax year? + + +IE: I want to contribute 10k for 2021 yet, and then $20,500(new 401k limit) for 2022, so how do I know when to start and stop from one another to accurate maximize my contribution for each year? Sorry if it is an overly simplistic question...I just couldn't find any specific information on it. +I am remote and my wife commutes 10 minutes to work. We have two dogs and expect to have two children next year. We currently have a Honda Accord. + +Is it financially a bad idea to purchase a second car if it isn’t necessary? I’m on the fence… pros… I will have more flexibility working remote and I believe it could be better with children… sports, activities, general safety if something happens… + +What are people’s thoughts here? + +I should mention I’m financially in a good place to buy a second car. +So, [I posted a couple of days ago](https://www.reddit.com/r/UKPersonalFinance/comments/hxl80h/received_a_cheque_from_hmrc_for_advance_of/) about an HMRC cheque for *Advance of Statutory Payment* in my name, despite not taking paternity leave nor intending to do so. I just called HMRC (using the number from their website), and it turns out that yes, the cheque is genuine and it's basically a tax refund for FY 2016/2017, where I unknowingly overpaid taxes. Just a bit strange the wording they used on the letter but hey, can't really compain when I receive a cheque in the post. + +Thank you everyone! +Please point me in the right direction if this is the wrong sub + +I recently moved into a studio apartment. During the inspection the previous tenant hadn't vacated yet so many surfaces weren't visible - they appeared to be borderline hoarders + +Since i moved in I quickly noticed how bad of a German cockroach infestation there is. Dead ones all over the floor then the unit teeming with unwanted life at night, my first and only night there so far I woke up with a roach on my chest. Far from a clean and healthy environment. After one night I'm now sleeping back at my family's house. + +The REA has already organised two rounds of pest spray and the owner will clean the cupboards out. But two rounds of sprays will take a couple weeks, in the meantime I'm paying rent for a place I can't live in. + +I emailed the REA to say it's unsatisfactory and I want to pause rental payments, they called me back to say I should keep paying rent or else it will look like on my record that I missed payments. They said they will see if they can sort out a future credit for these current payments.. + +I think they're just going to delay action until the place is treated then hope I just forget about 2 weeks of rent. + +Any suggestions for what I do here? Take it to the (NSW) tribunal? +I am considering purchasing an electric car as my next vehicle and I did some research to see if it is actually worth considering from an Economic point of view. I was actually surprised at how close most of these vehicles are to being cheaper than a comparable ICE car. + +I would predict that most Electric vehicles would be worth purchasing for an average Australian driver at a petrol price of around $3.18, considering most prices are around $2.20 with 22c to be added back to fuel excise in the coming months this may only be 3 years away. + +If you were able to use your car for a whole week and charge it on the weekend using excess solar most cars are already well worth considering. I also haven't included any savings from maintenance as I couldn't find any exact figures for this. + +https://preview.redd.it/j5gejufthb091.png?width=1199&format=png&auto=webp&s=c6e9a011c162aa94626075fe5ef82cd0945af09a +I'm talking about Australians who are no longer tax residents but will most likely return one day. + +I work 100% online and have foreign income I've talked to my accountant and starting next financial year, I will no longer be an Australian tax resident. I plan on living in a country where I will be taxed 1%. This country also has a real low cost of living. I'm trying to figure out what to do with the money I will save. + +I'd like to know what other expats/non residents for tax purposes have done whilst they've been overseas. +https://www.wsj.com/articles/trump-wont-exclude-allies-from-tariffs-white-house-says-1520029135?mod=e2twp + +"“The president made clear these would be across-the-board tariffs with no exclusions,” the White House official told reporters. “One problem with exclusions is that it’s a slippery slope. Where do you stop?”" + +This can eliminate the idea that this would only target China. + + + +Approaching FatFIRE (likely within the next few years), and I’m starting to plan ahead for RE based on the excellent advice on this forum. + +I’m interested in buying or building a lifestyle/hobby business for the next phase of life. I’m loosely defining “hobby/lifestyle” business as a platform to keep me sharp/engaged, to employ a few members of the community (possibly a family member or two), and to not lose money. + +I’d love to hear any success (or failure) stories from anyone who has been down this path. Pitfalls to avoid? Lessons learned? + +I’m also curious to hear ideas from the forum for specific businesses that would be worth considering for this purpose. I’m not expecting a passive investment, but I’m also not looking to create a new stressful work grind to replace the old one. + +Looking forward to the wisdom of the crowd. +My financial advisor is suggesting I carry $5M in personal umbrella insurance (broad-reaching liability insurance) and, following a minor liability scare with a fender-bender last fall, I've been looking into it. + +It took a while, but I'm currently looking at a quote for $737/year on non-owned auto insurance and $1071/year for $5M worth of umbrella liability insurance, for a total of $150/month. (I don't drive, but umbrella insurance requires auto insurance so here we are.) + +I don't like adding an ongoing monthly payment. I also very much hate the idea of retiring, only to get wiped out because someone sues me for a giant wad of cash (possibly on trumped-up reasons after discovering I have a giant wad of cash), and **I wonder how many others here are carrying umbrella insurance and how you feel about this particular protective strategy.** Especially interested in hearing from people who are already RE or close to it. + +I [posted](https://www.reddit.com/r/ChubbyFIRE/comments/siqp95/umbrella_insurance_and_liability_insurance_in/) this on r/chubbyFIRE but got no discussion -- maybe people here have more wealth and have thought more about protecting it. +Release: [https://www.federalreserve.gov/monetarypolicy/files/monetary20210616a1.pdf](https://www.federalreserve.gov/monetarypolicy/files/monetary20210616a1.pdf) + +Implementation Note: [https://www.federalreserve.gov/newsevents/pressreleases/monetary20210616a1.htm](https://www.federalreserve.gov/newsevents/pressreleases/monetary20210616a1.htm) + +&#x200B; + +\- Interest rate paid on required and excess reserve balances raised to 0.15% from 0.10%. + +\- Overnight reverse repurchase agreement operations conducted at an offering rate of 0.05 percent and with a per-counterparty limit of $80 billion per day; the per-counterparty limit can be temporarily increased at the discretion of the Chair. + +&#x200B; + +Each of these changes are effective as of tomorrow, June 17th. Get some wrinklys in here to speculate. +"The generation to generation improvement in performance, coupled with flat generation to generation pricing trends, implies an increase in performance/$ that is larger on the Ampere generation of cards than the Turing generation. Recall that based on data provided at Nvidia's various Investor Days, 98% of Nvidia's installed base was on Pascal (introduced in 2016) or older generation cards entering 2019. Based on past trends, we believe that around \~3/4 of the installed base was on Pascal or older generation cards entering 2020. We believe this is important as a) it implies that 3/4 of Nvidia's installed base is on cards that are \~4 years old, b) our view is that the typical GPU refresh cycle is around 4 years, and c) ultimately, we believe the larger performance/$ increase relative to prior generations could accelerate the installed base refresh cycle. Importantly, we also believe that the improved generation to generation value proposition (as measured by performance/$) will contribute to positive mix shift within the Gaming segment, and in turn, segment-level gross margins." + +"**AMD read-through.** We believe that the timing of Nvidia's Ampere introduction is in-line with investor expectations heading into the event and that this is unlikely to change sentiment on the relative competitiveness between Nvidia and AMD's Gaming GPU business, especially given our view that AMD is scheduled to release RDNA 2 GPUs in the 4Q20. While AMD has improved execution across its client CPU and server CPU businesses over the past several years, the company has seen less success in its Gaming GPU franchise with share flat to down since 2016. As a result, we expect competitive dynamics between the two companies' businesses to remain largely unchanged, with our estimates implying ongoing share loss for AMD in the near term." +When it comes to boring strategies, Out-Of-The-Money Bullish/Credit Put Spreads are pretty much at the top of the list. They are rarely used, but if done correctly almost always profitable. Obviously credit spreads are used often but doing them far OTM is not common, and there is a particular strategy to follow when doing it. + +For those that don’t know what a credit spread is: + +**Concept:** You are selling a put and buying a put on a stock on the same expiration, different strikes. + +*Example:* A stock is at $100, and you sold the 90 puts and bought the 85 puts, thus you would receive a credit. The reason is - you get more money from selling the 90 puts, than it cost buying the 85 puts. In this case, if your received $3 selling the 90 put, and spent $2 buying the 85 puts, you would get a $1 credit. Your best case scenario is that the stock stays above the short put (in this example, 90) at expiration and both puts expire worthless. When that happens you keep the credit of $1 (aka - $100). Worst case is the stock finishes below the long put at $85 (e.g. finishes at $84) in which case you are out the distance between the strikes (90-85=5) minus your credit (so $5-$1=$4). Obviously since your risk ($4 = $400 per contract) is much higher than your potential reward ($1 = $100 per contract), these spreads (far OTM) need to be successful a high percentage of the time. + +If done properly, they are. + +Here is a step-by-step guide on doing a profitable OTM BPS, with an example you can use on Monday (6/7/2021). + +**Step 1:** The first thing you want to do is find the right stock. You want: + +*A) Stock is over $20 a share - under this price and the volatility is usually too high.* + +*B) Stock has already had earnings or the next earnings announcement is further out than your spread will cover. You do not want to hold an OTM BPS over earnings. Ever.* + +*C) Stock is in a bullish pattern and above most of it's major SMA's (50,100, 200).* + +*D) Stock is relatively strong to the market. Meaning that over the past week or two you can see that even when the market dipped, the stock held its value or continued to go higher. This not only indicates a strong stock, but also adds protection in case of a sustained market drop.* + +***Doing a quick search and I found a candidate - AVGO.*** + +*It is currently above it's 50 and 100 SMA, already had earnings, and since it gapped up on 5/20 it not only held the gap and moved higher, but managed to stay strong even during days the market was down.* + +**Step 2:** Since the risk on these spreads are high, you want to lower that risk as much as possible. There are two ways to do this: + +*A) The farther out of the money you go, the less likely it is that the stock will drop below your strike prices - however, if you go out too far you won't receive enough credit.* + +I tend to go at least two standard deviations (putting me on the 2.5% tail of the stocks price movements). I also like to have several barriers of support above my short strike. Being that far out and with that many layers of support means the stock would have to have a major technical breakdown in order for my spread to be in danger. + +*B) The higher the credit received, the lower your win rate needs to be for this strategy to be profitable.* + +As a general rule, I like to receive 20 cents credit to every dollar between the strike prices. So for a $5 spread difference, I look for $1 credit. A 50 cent difference in the spread, I look for a 10 cent credit. This gives me a 25% ROI on my investment. If the spread is $90/$85, I am getting $1 credit and risking $4. Each contract would require $400 in margin to cover that risk. (*personally, I always look to get $1,000 per BPS, so if I am getting a $1 credit, I will do 10 contracts. Risking $4,000 for the $1,000).* However, I will also explain why you are not really risking the 75% either. Still, with this desired credit as a rule, I need to be successful more than 75% of the time in order for this strategy to pay off. + +**For AVGO the $445/$440 strikes meet this criteria. Above $445 strike is the 50 and 100 SMA's, horizontal support as well as a $3 gap that would need to be filled before my short strike was in any danger. If by chance that occurs, the spread can still be profitable (more on that in a bit).** + +**Step 3:** I want an expiration as close as possible that gives me the desired credit. In this case the June 25th expiration, gives me a $1.50 credit for selling the $445 puts (I would get $3.50 credit) and buying the $440 puts (currently cost $2.00). Chances are on Monday that credit will be lower, but I am putting the order in for a $1.25 credit. That would be a 33.3% ROI over 2 1/2 weeks time. Given how far out my strikes are, and how many layers of support are above it, my likelihood of success is going to be far greater than 66.6%. + +So now I have my trade: **AVGO - Selling the $445 Puts/Buying the $440 Puts for the 6/25 Expiration and getting a $1.25 credit.** + +**Step 4:** If expiration approaches and **AVGO** is well above the short strike ($445), I will let the spread just expire worthless and thus keeping the $1.25 credit (10 contracts = $1,250). However, there is a chance **AVGO** could threaten that short strike (e.g. on 5/22 the stock is in a bearish downtrend and at $455) I might consider closing it for a small debit. However, let's say bad news came out, or the market started crashing. If that happens, you can leg out of Bullish Put Spreads. + +This is how: + +*A) The stock must be in a technical breakdown, meaning it broke through major support levels.* + +*B) It needs to be proportionally weak to the market. The market may be dropping but AVGO is dropping proportionally more than the market on the 5-minutes charts (e.g. let's say at noon SPY goes into a compression for a bit, but AVGO continues to drop).* + +*C) The market itself should be weak that day, you do not want to leg out of a BPS in a strong market.* + +***Note: If you try to leg out of a spread without these conditions in place, you can wind up losing a lot more than your original max risk.*** + +Because the spread is far enough out in time (6/25) you will have time (at least a few days) to act if you see it is in trouble. + +What you do is this: + +Buy back the short puts. Let's say AVGO is dropping and now at $450 on 6/21. And your short puts ($445) are worth $4.75, and your long puts (440) are worth $3.00. At this moment you are down 50 cents per contract ($1.75 difference in the puts, minus the $1 credit you received = .50 cents down). You can either take the loss of $50 per contract (in my case that would be a loss of $500) or you can leg out. So I would buy back the short puts at $4.75 and let the long puts ride. I would enter a sell order on the long puts for the same price I bought back the short puts (so I put in an order to sell my $440 AVGO puts for $4.75). As the stock continues to drop, your puts will go up in value, and if you timed it correctly with a weak market and a weak stock you will hopefully reach that goal by the end of the day. + +If you sell your long puts for the same price as you bought back the short puts, you finish up your original credit of $1.25. Seeing as how the only way this stock gets in that type of trouble is a major technical breakdown, it is the ideal stock to leg out of in that environment. + +**I like to have several of these spreads going every week. At the end of each week 2 or 3 expire and I add 2 or 3 more. In 2020 my success rate was as follows:** + +***210 total spreads - the spreads averaged a total of $1,090 credit, risking $3,910:*** + +*73.3%: 154 expired worthless - full credit* + +*12.8%: 27 spreads I took partial credit, averaging 81% of full credit (e.g. on $1 credit I would close the spread on average for a .19 cent debit)* + +*4.7%: 10 spreads I legged out of, receiving full credit.* + +*1.9%: 4 spreads I legged out of, receiving partial credit, averaging 72% of full credit.* + +7.1%: 15 spreads I lost the full amount (stock crashed on the final two days, not enough time to leg out, or market was too strong to try) + +**Total profit off 210 Out-Of-The-Money BPS' for 2020 = $147.087.5** + +As a Day Trader, I use this method for passive income with Day Trading being my primary source of income. My 2021 results are currently on target for the same result as the previous year. + +*Pete Stolcers gets all the credit for perfecting and teaching this method - thank you.* + +Either way, I hope you all found this useful! + +EDIT : I am well aware that credit spreads are common. Far OTM BPS’ (aka Put Credit Spreads) are not common however. I hope that clears things up for those that take great pleasure commenting otherwise. +Didn't have many people I could proudly say this (title) to, so I thought I'd share here. I'm nowhere near my idea of FI of course, but I am so proud of the way I've reshaped my life through focus and becoming more and more financially literate day by day through sites and subs like this one. The journey can seem like such a slog at times, but similar beginning milestone posts from others have always been some of the most motivational for me, so hopefully this serves as motivation for someone. + +I (29 y/o) started 2020 around $81k in debt (majority student loans, some CCs, a personal loan), $900 in savings, and a little in a 401k I'd contributed to off and on over the previous year without really understanding what I was doing. Had recently gone from making $55k to $85k in a non-technical career track in a HCOL area. I had never really felt out of control, but had no knowledge about saving, budgeting, investing, FIRE, debt payoff, compound interest, etc whatsoever, and just figured that everyone had debt forever (pmts just felt like a normal, lifelong monthly bills, like rent!), and no one my age had any sort of a retirement plan. + +My top New Year resolution was debt payoff, and I listened to every podcast, read every blog/book I could find on it, and of course all roads eventually lead to FI/RE/MMM/Vicki Robin etc. + +By end of this past year I'd paid off over $33k in debt, and have now zeroed out five different loans/CCs, cash flowed a 12 year old car so I could manage better in the pandemic, am on track to max out my Roth for the first time in 2021, landed a new role paying $100k, and am contributing as much as I can to my 401k, while also chipping away at remaining low-interest debt. + +I feel like a whole new person. It's been one of the best decisions of my life, to go down this path. + +If you're out there and feeling like you're eons behind in this whole journey due to debt, or you wish you'd started this 10 years ago, or you're feeling low after seeing a post by an engineer of some kind moving along toward FI quicker than you are, just keep up the good work. You're doing so well, and you're eons ahead of so many folks. + +tl/dr: Long time lurker, first time posting; Hit net worth of $0 just now at 29 y/o in a non-technical, non-sales career, in HCOL area. + +\*Edit for spelling error. +I spent last night reading the Dave Lauer ama and his responses. I've slept on it, and I woke up more fire up than ever... + +Dave thinks a moass is unlikely, Dave thinks "fair" value for gme is -80% from current price, Dave thinks "money wins"... + +I don't feel that way. Last year I used to care what Dave thinks, not so much today. + +Our markets are the envy of the world only because justice prevails in the end. EVen if it takes a lifetime, this entire ball of twine will be unwound. You think me holding shares of gme in my name via compushare indefinitely is a joke? + +I'm talking to you now mr/ms 1%, You think I'm not prepared to see this through? I come from poverty, and I'm prepared to die in poverty if it means my grandchildren can inherit the fruits of my labor. Have a nice day! +I bought AAPL for around $115/share in 2015, and started doing DRIP in 2018 (I didn't know about it). Today my investment has an unrealized gain of over 100%, and I'm starting to think I should sell off enough to get back my initial investment or even sell it all to lock in the profit. + +I'm second guessing whether or not I should sell. Thoughts? + +I'm not hurting for cash right now, so I fear this is a panic sell mentality. +[Update] WOW!!! THIS IS INCREDIBLE! I just came back from the city and log into my reddit to see the overwhelming number of responses. This is amazing, thank you all! I'm going to sift through everyone's responses and figure out what works. I hope this thread is useful for others as well and has given people ideas. + +Thanks again everyone! :) +*Disclaimer: This is a bearish post about GME that I've been dreading writing. It won't feed your hype, but it also isn't a prophecy. None of my posts are. They're just output from a model I built for trading, so take it all with a grain of salt (as with everything you read on Reddit).* + +**TLDR: Options market has become bearish on GME, and the sell-off is compounding the GME drop through selling off hedges shared. Wait until the Delta Neutral stabilizes, and/or increases, before becoming bullish on GME in the short-term. Note that my model does not work if there is unexpected news/events that affect the price.** + +**Background - Last Bullish Update** + +[Here's my prior update from 15 days ago, where I gave a very bullish outlook for GME.](https://www.reddit.com/r/Superstonk/comments/rxtqpg/gme_delta_neutral_update_hedgies_r_fd/) + +This is what my graph looked like then, with data through 1/5. The primary indicators included in these graph include: + +• **Delta Neutral (DN)** \- This represents the underlying price that would create a total market delta of 0 across all options (all expiration dates) for a given date and ticker. In general, it acts like a floor to the underlying price, but if the price drops below the delta neutral, then it tends to shoot back up above that line. This graph includes two versions: + +* **Adjusted (grey)** \- excludes strikes in the extremes which are not typically actively hedged with movements in the underlying. [Look towards the bottom of this post for more information on this adjusted version.](https://www.reddit.com/r/Superstonk/comments/rg8cbg/gme_is_testing_my_models_limits_and_im_cautiously/) +* **Unadjusted (yellow)** \- includes all strikes in the delta neutral calculation. + +• **Gamma Maximum (GM)** \- This represents the underlying price that would create the maximum gamma across the market. The GM seems to act like a ceiling, but fun things happen when the underlying crossing that threshold! + +• **Delta Sensitivity Test** \- This is basically a gamma test, but I like this view better visually with my graphs. This represents the % change in the total market delta associated with a 5% increase in the underlying stock price. Significant spikes represent unusually large hedging patterns based on the options mix, and can indicate the potential for significant buying / selling power on the underlying ticker. + +[ GME 8\/24\/2020 - 1\/5\/2022 ](https://preview.redd.it/v4sckq3ww2d81.png?width=909&format=png&auto=webp&s=e3cd94ce603e092d8e94ee413a703c37932d7b80) + + And a log-based 10 view so you could see the build-up in 2020 + +[ GME 8\/24\/2021 - 1\/5\/2022 ](https://preview.redd.it/7wx6wru5x2d81.png?width=1421&format=png&auto=webp&s=e4275e56b768809b938c8819705db8d3d68eee25) + +My main points back in the 1/6 update was the following: + +* The delta neutral was not dropping quickly with the price, indicating the options market didn't think the drop in the stock market would hold for long. +* Because the options mix didn't drop with the price, it created a situation where small changes in price result in much higher levels of purchasing than usual. +* As you can see above (more so in the first graph that isn't scaled for the green December 2021 monster), these delta sensitivity test peaks occur BEFORE surges, so small price increases in the underlying would get bonus volume from hedgies hedging that surge, to the tune of a 273% increase in the total market delta (i.e. stocks to hedge) with a 5% increase. + +**So then what happened?** Well.... in the after hours, the price surged 32%. Could it have been the unusually high hedging I suggested? Maybe? It's impossible to know. + +**And then what happened after that?** Well.... nothing good... + +Here's the updated graph with data through 1/20: + +&#x200B; + +[9\/8\/2020 - 1\/20\/2022](https://preview.redd.it/c6ejla3t03d81.png?width=1421&format=png&auto=webp&s=79c15914c804cd213596cf12c1a4f3c21b2dc545) + +&#x200B; + +Close-up view of the last six months for reference + +[7\/26\/2021 - 1\/20\/2022](https://preview.redd.it/9a6ct9fl03d81.png?width=1421&format=png&auto=webp&s=6843ca462c2a25359892b4e9cbb3ae30acdc2f0b) + +* After that AH surge on 1/6, the price started dropping, and the delta neutral started dropping with it at around the same pace, indicating the options market is now supporting this drop. +* A small spike occurred, but the price just kept dropping. And here's the important thing to know about those delta spikes. They indicate unusual hedging buying pressure with modest price increases. So to get that buying pressure, you need price increases in the stock market, otherwise the opportunity is lost. +* For example, on 1/6 there was a 1.3% price increase and those $130 strikes suddenly went ITM, which could have led to that insane AH surge. We haven't had a good gain since. +* I personally believe GME will be in a bit of a free-for-all until the delta neutral stabilizes, indicating the sell-off in the options market has ceased. Because at the moment, the delta neutral drop indicates people are buying more puts and selling off calls, which has a net impact of hedgies selling off stocks as part of their risk management strategies. + +Here are some other examples of what it looks like when a delta neutral is dropping with the price, and how it indicates a bearish forecast. + +&#x200B; + +&#x200B; + +https://preview.redd.it/vid877zy03d81.png?width=1421&format=png&auto=webp&s=29602db2fe8b20638c883fe50f85ab22d934514f + +https://preview.redd.it/f8j702mx03d81.png?width=1421&format=png&auto=webp&s=c0815e1c0dc556826d03d869835e45aa5ca5d2f5 + + + +https://preview.redd.it/g3xrqhm613d81.png?width=1421&format=png&auto=webp&s=8f20a3e79ce662fb297d90477b87f1b52faeeca2 + +&#x200B; + +https://preview.redd.it/at844klb13d81.png?width=1421&format=png&auto=webp&s=6c4d3db7ca87dc8396506283e55535ac7b53ca52 + +https://preview.redd.it/ia8moqu813d81.png?width=1421&format=png&auto=webp&s=6ab160978c979165943e28bd4c2b0263ba9a13bc + +Also note that the same thing is happening over on this side as well: + +https://preview.redd.it/yocknxf113d81.png?width=1421&format=png&auto=webp&s=68e02e0ae17c22736e6bc5e06fb541eb8fc915f0 + +&#x200B; + +**So how long will this last?** I have no way of knowing.... I would just watch the DN and wait until it levels out, and starts increasing again, before I become bullish on GME again. I'm sorry I can't give better news, just telling you what's in my model, which I have high confidence in. + + + +[Alright.... I'm ready for it....](https://preview.redd.it/702x20hu13d81.png?width=243&format=png&auto=webp&s=523e6e43d24979f2223f1a09ea8489506ace2888) + +[If you're interested, methodology and assumptions that go into my model are at the bottom at this post.](https://www.reddit.com/r/Superstonk/comments/qfeama/options_market_says_the_price_is_wrong_with_delta/) + + + +**Caveats and Limitations on Use** + +These graphs contain output from my personal model. I am not qualified to provide financial advice, and have no experience trading professionally. This model has not been peer reviewed, so use this output at your own risk. + +This model serves to help Redditors make investment decisions, but still requires Redditors to consider other relevant information, including earnings reports, news, relevant events, momentum and reversion to the mean in the underlying stock. Redditors should think critically about emerging information, and not make decisions solely based on this output. + +In performing this analysis, I relied on raw daily options summaries from historicaloptionsdata.com. I have not audited or verified this data and other information. If the underlying data or information is inaccurate or incomplete, the results of this analysis may likewise be inaccurate or incomplete. + +These graphs are not predictions of the future; they are indicators based on the assumptions. Emerging results should be carefully monitored with assumptions adjusted as appropriate. + +**TLDR: Options market has become bearish on GME, and the sell-off is compounding the GME drop through selling off hedges shared. Wait until the Delta Neutral stabilizes, and/or increases, before becoming bullish on GME in the short-term. Note that my model does not work if there is unexpected news/events that affect the price.** +I authored this post a few weeks back discussing why changing the 21M hard cap is completely irrelevant in the future. The reason for that is because assuming bitcoin successfully becomes the honest transparent base layer that we need so desperately to replace the dishonest fiat/debt base layer--which nothing built over can ever achieve honesty--then changing the 21M hard cap would simply cause everything outside the money (products, services, credit markets) to adjust to the new block subsidy and BTC float. Thusly, the incentive to change it doesn't exist. This was really more of a refutation of FUD *(But the limit can be changed!)* and thought experiment than it was any probability. + +I based this on economics 101, and more closely, on bitcoin mining. If for example, bitcoin spiked to $100k tomorrow, what would happen? Would an ASIC stay at the price it is today, which is about $10k for an S19j? No. It would increase roughly by whatever the BTC price increase is and then price itself with the next difficulty adjustment and current hashpower, along with the price entropy associated with an always approaching halving. I've noticed that when you include this stuff, mining has actually consistently beaten my spot BTC buys over the long run by a few percent. + +So this all figures into my $400k price call. If you got a $100k spike tomorrow, would BTC maintain itself there? Absolutely not, because that would be at odds with everything rational to do with money. Why? Because efficient miners would be sitting there making $80k per BTC. Their BTC stockpiles would be worth a tremendous amount. ASIC owners would be sitting there with insane hardware appreciation. What do you think happens here? Same thing that eventually happens in every commodity market over time--the gap would get closed, arbitraged, miners would do huge share offerings, even I'd sell my S19's, the difficulty adjustment would rocket, every student with a laptop would be syphoning their dorm and library's free electricity to mine. The price would drawdown, because we are very early in BTC's monetization phase. + +But before you freak out, here's what bears always forget: + +There are two sides to that. This holds true for not just the move up, but the move down as well. So when you have baseload energy prices along the lines of *$8 per cubic foot* or *$110 per barrel*, you have hashpower increasing relentlessly, difficulty adjustments going up, constrained supply chains and miners HODLing, how long can the price stay depressed? Not long. That would be at odds with everything rational to do with money. + +Look at the major miners. Are they selling? Nope. Decreasing their hashpower. Nope. Read their 10k's. u/Riotblockchain is active on this sub and they just announced in a post last week a 1GW expansion, literally at the same moment the press dropped elsewhere. Here's all the US majors plans 2022: + +&#x200B; + +https://preview.redd.it/rgxttjcv6dy81.png?width=649&format=png&auto=webp&s=193bcf52457e106096140dccb78ea17488189685 + +&#x200B; + +**THAT. IS. JAW-DROPPING.** This to me says a 10x is likely the peak which also happens to be about gold's market capitalization give or take. Will it hold? Absolutely not, probably a drawdown of 50%-60% like we see currently. Bitcoin doesn't target a stable price, it targets a variable price. It can control the supply and issuance, then the market determines what the price is. That's what a free market looks like. Bitcoin is in the long, difficult, and organic process of absorbing the world's trust (and thus its value). When it's absorbed enough, the confidence curve (and thus its volatility) will flatten. Many projects think they can magically skip this step. There's only one crypto category that can: stablecoins. That's why nothing inside altcoin protocols have ever established themselves as money, except stablecoins. Which is why 85% of all altcoin volume is from stablecoins--a percentage that is growing monthly. You ever look at the graph of stablecoin growth? At this rate it'll be bitcoin at #1 and stablecoins making up the next 4 spots in 5 years. If you add bitcoin's mkt cap dominance with the mkt caps of stablecoins, you get 74%. But there are 15,000 altcoins... Talk about an example of *Gresham's Law.* This is why you don't touch anything but bitcoin, because here's another prediction: + +Fiat trouble is climbing the ladder from small to mid, and might now be just reaching the Japanese Yen already. There are many currencies which are more volatile than BTC. This WILL reach the USD's rung in the next 24 months. When that happens a credit market will rapidly develop around BTC, and also, stablecoins are in a world of trouble in the shadow of BTC's next halving, and altcoins are in even more trouble. Entire protocols can get completely de-collateralized when stablecoins wobble on their pegs and arbitrageurs are nowhere to be found, because volume spikes will make transactions unaffordable, and because bitcoin will emerge as collateral. And collateral is money, as we're starting to rapidly learn with the Ukraine crisis and commodities. This more than regulation in my opinion, will be the s-curve adoption shakeout we've been waiting for, much to the chagrin of the web 3 shills--apologies if you're a holder of these things with mega-lottery environments built around them. + +&#x200B; + +https://preview.redd.it/69gv3z16fky81.jpg?width=1800&format=pjpg&auto=webp&s=35dfc1353721fd2cc8233a89524a68e08a640ec2 + +Above is a chart of the realized price versus BTC price. Realized price is currently about $25k. A touch there would be consistent with bear market lows historically, which oddly happen to always be just above the most efficient miner's cost average per BTC. Coincidence? + +This post is written as a chicken-noodle soup of sorts for the BTC holder's soul, because volatility is hard to digest especially for noobs, but counterintuitively, it proves BTC is working, and it makes hedging quite expensive, which brings its own protective benefits in this free market. So you HODL, buy, repeat. You listen to the heartbeat of the only truly free market asset in existence, and ignore the mainstream talking points. Bitcoin's longterm chart is a tale of highs and lows. But between that is a relentless and healthy uptrend. Why is that? Thanks for reading. + +\--Mallardshead 🦆 +I authored this post a few weeks back discussing why changing the 21M hard cap is completely irrelevant in the future. The reason for that is because assuming bitcoin successfully becomes the honest transparent base layer that we need so desperately to replace the dishonest fiat/debt base layer--which nothing built over can ever achieve honesty--then changing the 21M hard cap would simply cause everything outside the money (products, services, credit markets) to adjust to the new block subsidy and BTC float. Thusly, the incentive to change it doesn't exist. This was really more of a refutation of FUD *(But the limit can be changed!)* and thought experiment than it was any probability. + +I based this on economics 101, and more closely, on bitcoin mining. If for example, bitcoin spiked to $100k tomorrow, what would happen? Would an ASIC stay at the price it is today, which is about $10k for an S19j? No. It would increase roughly by whatever the BTC price increase is and then price itself with the next difficulty adjustment and current hashpower, along with the price entropy associated with an always approaching halving. I've noticed that when you include this stuff, mining has actually consistently beaten my spot BTC buys over the long run by a few percent. + +So this all figures into my $400k price call. If you got a $100k spike tomorrow, would BTC maintain itself there? Absolutely not, because that would be at odds with everything rational to do with money. Why? Because efficient miners would be sitting there making $80k per BTC. Their BTC stockpiles would be worth a tremendous amount. ASIC owners would be sitting there with insane hardware appreciation. What do you think happens here? Same thing that eventually happens in every commodity market over time--the gap would get closed, arbitraged, miners would do huge share offerings, even I'd sell my S19's, the difficulty adjustment would rocket, every student with a laptop would be syphoning their dorm and library's free electricity to mine. The price would drawdown, because we are very early in BTC's monetization phase. + +But before you freak out, here's what bears always forget: + +There are two sides to that. This holds true for not just the move up, but the move down as well. So when you have baseload energy prices along the lines of *$8 per cubic foot* or *$110 per barrel*, you have hashpower increasing relentlessly, difficulty adjustments going up, constrained supply chains and miners HODLing, how long can the price stay depressed? Not long. That would be at odds with everything rational to do with money. + +Look at the major miners. Are they selling? Nope. Decreasing their hashpower. Nope. Read their 10k's. u/Riotblockchain is active on this sub and they just announced in a post last week a 1GW expansion, literally at the same moment the press dropped elsewhere. Here's all the US majors plans 2022: + +&#x200B; + +https://preview.redd.it/rgxttjcv6dy81.png?width=649&format=png&auto=webp&s=193bcf52457e106096140dccb78ea17488189685 + +&#x200B; + +**THAT. IS. JAW-DROPPING.** This to me says a 10x is likely the peak which also happens to be about gold's market capitalization give or take. Will it hold? Absolutely not, probably a drawdown of 50%-60% like we see currently. Bitcoin doesn't target a stable price, it targets a variable price. It can control the supply and issuance, then the market determines what the price is. That's what a free market looks like. Bitcoin is in the long, difficult, and organic process of absorbing the world's trust (and thus its value). When it's absorbed enough, the confidence curve (and thus its volatility) will flatten. Many projects think they can magically skip this step. There's only one crypto category that can: stablecoins. That's why nothing inside altcoin protocols have ever established themselves as money, except stablecoins. Which is why 85% of all altcoin volume is from stablecoins--a percentage that is growing monthly. You ever look at the graph of stablecoin growth? At this rate it'll be bitcoin at #1 and stablecoins making up the next 4 spots in 5 years. If you add bitcoin's mkt cap dominance with the mkt caps of stablecoins, you get 74%. But there are 15,000 altcoins... Talk about an example of *Gresham's Law.* This is why you don't touch anything but bitcoin, because here's another prediction: + +Fiat trouble is climbing the ladder from small to mid, and might now be just reaching the Japanese Yen already. There are many currencies which are more volatile than BTC. This WILL reach the USD's rung in the next 24 months. When that happens a credit market will rapidly develop around BTC, and also, stablecoins are in a world of trouble in the shadow of BTC's next halving, and altcoins are in even more trouble. Entire protocols can get completely de-collateralized when stablecoins wobble on their pegs and arbitrageurs are nowhere to be found, because volume spikes will make transactions unaffordable, and because bitcoin will emerge as collateral. And collateral is money, as we're starting to rapidly learn with the Ukraine crisis and commodities. This more than regulation in my opinion, will be the s-curve adoption shakeout we've been waiting for, much to the chagrin of the web 3 shills--apologies if you're a holder of these things with mega-lottery environments built around them. + +&#x200B; + +https://preview.redd.it/69gv3z16fky81.jpg?width=1800&format=pjpg&auto=webp&s=35dfc1353721fd2cc8233a89524a68e08a640ec2 + +Above is a chart of the realized price versus BTC price. Realized price is currently about $25k. A touch there would be consistent with bear market lows historically, which oddly happen to always be just above the most efficient miner's cost average per BTC. Coincidence? + +This post is written as a chicken-noodle soup of sorts for the BTC holder's soul, because volatility is hard to digest especially for noobs, but counterintuitively, it proves BTC is working, and it makes hedging quite expensive, which brings its own protective benefits in this free market. So you HODL, buy, repeat. You listen to the heartbeat of the only truly free market asset in existence, and ignore the mainstream talking points. Bitcoin's longterm chart is a tale of highs and lows. But between that is a relentless and healthy uptrend. Why is that? Thanks for reading. + +\--Mallardshead 🦆 +Make it easier. Make it the easiest option. Don't use python. +Add merged mining. +Create an open source page like bitaddress.org for stats. + +edit: nothing against python, it's just that requiring it for P2Pool is extra complication for neubs +edit2: merged mining is necessary because miners are looking at the bottom line, and +% makes a difference. The two largest pools have NMC at least +edit3: I will give 10btc for either: + -a cross-platform, open-source executable that 'does everything' to mine P2P + -an open source website pool that allows cgminer connections, like existing pools, but on the back end is P2P +I felt compelled to make this post because the action taken by at least one moderator of r/Bitcoin demonstrates some of the problematic behavior described in my article. Here’s the gist of what happened. + +I'm a neuroscientist and journalist (www.bobbyazarian.com). Yesterday Psychology Today published my article, “How Fear Is Being Used to Manipulate Cryptocurrency Markets,” which received 100k views in 24 hours thanks to the crypto-community sharing it widely (my editor informed me that this was all organic growth, as they had not shared it on social media yet). + +https://www.psychologytoday.com/blog/mind-in-the-machine/201712/how-fear-is-being-used-manipulate-cryptocurrency-markets + +At 2500 words in length, it is heavily researched, transparent, and vetted by the Psychology Today editorial team. + +In it I discuss what I refer to as the “FOMO-FUD cycle,” which is probably a self-explanatory term to anyone reading this here. In the article, I use IOTA as a recent and prototypical example of how the cycle can artificially drive up and drive down prices so that some can profit at the expense of other investors. In it, I also try to get to the truth regarding the whole IOTA ordeal, as misinformation both hyping it up and spreading FUD had made it almost impossible for the average investor to cut through all the B.S. I feel that I can confidently say I was careful to present both sides of the story, going as far as to link the prime articles and tweets that were critical of IOTA. While writing it, I took special caution to be as objective as possible, as I knew there was little room for error when rebuking other journalists for inaccurate reporting. + +Yesterday someone shared the article on this subreddit where it received over 2k upvotes. Shortly after that post, I decided to share it myself on r/Bitcoin since it contained information that would be valuable to any cryptocurrency investor, including Bitcoin holders. If you read the article you will see that it is ultimately about what the crypto community—as well as the journalists covering it—can do to help the crypto-space and blockchain movement flourish. + +When I went to sleep it had well over 100 upvotes and was steadily climbing up the ranks. + +When I woke up, it was missing from the "top" page on r/Bitcoin, despite having 200 upvotes, and I found this message in my inbox. + +“You have been temporarily banned from participating in r/Bitcoin. This ban will last for 30 days. You can still view and subscribe to r/Bitcoin, but you won't be able to post or comment. +Note from the moderators: +altcoin spam” + +My question is, how can you call something spam that has received thousands of upvotes from the broader crypto-community, and two hundred from your own members? The article is also clearly not only for people interested in IOTA—that coin was just chosen as an example of a problem that has affected every coin at one time or another, especially Bitcoin, as statements from people like Jamie Dimon calling it a “fraud” are is FUD-filled as it gets. + +Obviously, the removal of the post and the ban were not warranted, but why did it happen? No one else had shared it on that page and I only posted it once. With over 2k post karma, there was no reason to suspect me as a spammer. I have replied to the mod team but have yet to receive a response. + +What was the motivation of the moderator who decided to take this action? Was he/she trying to suppress information that they saw as helping a currency that could pose a threat to Bitcoin? Did it strike a nerve because they were one of the FOMO- or FUD-spreaders the article referred to? What excuse will they come up with? + +I’m also posting this because I don’t know how often this kind of thing happens (not just on that subreddit, but others as well), and from things I’ve read here and there, it might be a real issue. + +Bottom-line: There’s no need for infighting amongst the cryptocurrency community. Bitcoin’s success helps Ethereum, Litecoin, IOTA, etc., and those coins’ success in turn helps Bitcoin. The blockchain/cryptocurrency movement—which is nothing short of a revolution—is strongest when it is united instead of when sub-communities use sketchy cyber-tactics to hurt those coins/communities they see as competitors or threats. + +The world is about to shine a spotlight on cryptocurrency. If we want to see mass adoption we should make sure it is looking its best. + +Hey reddit, I'm in need of some help, my father has lost his job and been unemployed for months. He is almost 60 years old, and still has a mortgage and other expenses to pay. We can't afford to have him not working, and he just can't find a job in his field (welding). Times are super tough, I am just wondering if what kind of jobs would you recommend for a man his age? + +Any help is appreciated! +I am 16 years old, I started working at maccas about 3 hours a week since late 2019 or so ( haven’t been working since March because my parents are really worried about covid-19) I have about $2500 in a savings account and have invested $500 in ETFs and Index funds (which have already returned about 15%) and planning to invest 500 more very soon before the markets return to where they were.( I basically gave my dad the money and told him what to buy as I’m under 18). All of this is from just 5 months of working. + +The point is I live with my parents, allowing me to save almost 90% of my ‘income’. I realise I’m in a pretty enviable position and I really want to make the most of it. + +I don’t plan to buy a car as I think it’s bad for the environment and a shockingly bad investment. I’ve been travelling to school by public transport for years now. At first I wanted to buy a house as early as possible like 19 or 20, as far as I know, real estate is the easiest way to get wealthy, but it’s seeming increasingly difficult to get 50+k to put down on a mortgage by then especially with uni. I think for now I would rather invest it in ETFs. + +What advice would you give me to reap the most financial benefits I can 10 years down the line? +I'm working my way through personal finance books. I feel utterly sickened by the sheer ignorance I have towards personal finance. And worse, my aging parents, siblings, friends and my whole local community is ignorant. + +The richest man in babylon had to talk down to me in f\*\*\*ing parables to get me to let go of the desire for consumption and prestige because of my pride. + +The four pillars of investing drove home the power of compound interest, and how full of shit and emotion we humans are. + +The millionaire next door has ripped apart my dreams of high income as THE way to build wealth and stability. My personal goals since age 14 have sucked. + +These books hurt, and show me to be an arrogant, ignorant, deaf and completely common financial weakling. + +What books hit you hard and left a (good) dent? +If you are a fresh crypto dev: + +would you rather want to work on a revolutionary computer system like ethereum with a community that doesn't censor original ideas, + +or would you rather want to try really hard to gain the trust of a team that wants to scrutinize you in public as soon as you dare to show any sympathy for the achievements of another coin. + +As I said before: Bitcoin's biggest problem now is a brain drain. + +Intelligent talented developers who just turned 18 and want to jump onto the crypto-scene are being embraced by Ethereum while they aren't welcome at all in the Bitcoin scene (unless they really watch their mouths). + +**I've always said Bitcoin will become the biggest and strongest currency** because of the huge amount of developers it can count on. Well, you can now forget all that. *Because I had never anticipated that the community, in light of all the evidence and information, would still irrationally tolerate a select few to dictate the communication rules and channels surrounding the technology.* + +Now I say Ethereum is going to become the greatest and biggest, because of the huge amount of developers it can count on. + + + + +Decentralized payment platform. + +Pay with whatever currency you want, wherever you are with additional options like escrow, continuous payments, and automated taxation and accounting. + +Here are my top reasons on why I am holding REQ. + +1)Token burning - The way I understand it, REQ tokens are burned with each transaction. This means REQ tokens will automatically appreciate in value. This alone is worth HODLing REQ tokens. + +2)Currency Agnostic/Mass Adoption - The game changer for me is the fact that REQ can be used with fiat. The problem with most dApps is they are tightly coupled with cryptocurrency, and crypto isn't quite mass adopted yet. Joe six pack can use Request with fiat because of it's lower fee's over Paypal's and not care about the 'blockchain magic' that's going on beneath the hood. If normies start using Request, you know what that means? Mass Adoption! + +3)REQ is backed by Y-Combinator - Need I say more? Y-Combinator is the Harvard of startup accelerators. As a matter of fact Y-Combinator is harder to get into than Harvard! If REQ is being backed by these guys, then obviously they are doing something right. Remember Y-Combinator has backed Reddit, Coinbase, Airbnb and Dropbox to name a few. Ironically, if it weren't for Coinbase or Reddit, I probably would'nt even be into crytpo. + +4) We're already as low as we can get. Every coin has its day. There are tons of sh#tcoins that have 2x'ed, 3x'ed with time and don't have a fraction of the awesome use cases that Request has. If you get in now, rest assured that the only way we can go is up. If you guys have seen REQ ambitious roadmap, you know that once this baby gets rolling, it's going to be too late to jump in if aren't in already. Do you really want to be the 'guy' that sold all his Request tokens the week before it mooned? Or the guy that sat on the sidelines while this coin was sitting under ico price? Yeah, don't be that guy. + +5)Colossus - This is only a FEW weeks away guys. I mean, if you can't HODL for a few weeks, then just stop investing. Everyone in crypto thinks they are entitled to a 10x overnight. Even the most successful ico's of all time took time. Imagine if you sold all your ETH one month after the Ethereum ico! Anyway, REQ is delivering a site, that will actually be useful, in less than a FEW WEEKS. + +6)Fee's - REQ token holders we will receive 0.1 - 0.5% of the fees. So this along with the token burning is an easy way to make passive income. I mean it just doesn't get any better than this. + +7)Request is a Platform - If we look at the most successful ico's of recent memory, Ethereum, Stratis, NEO, LISK, etc they are all platforms. There is a common misconception that Request is a just another dApp but that is not the case. + +There are a lot of other reasons, that I might add on later. But feel free to add to this list. + +I think sometimes Investors forget why they invested in Request and sometimes we need to be reminded of the potential of this coin. Like I said other coins have mooned doing much less. We're next up to POWR! +From the Bitcoin wikipedia page: + +> In March 2013, a technical glitch caused a fork in the blockchain, with one half of the network adding blocks to one version of the chain and the other half adding to another. For six hours two bitcoin networks operated at the same time, each with its own version of the transaction history. The core developers called for a temporary halt to transactions, sparking a sharp sell-off.[99] Normal operation was restored when the majority of the network downgraded to version 0.7 of the bitcoin software.[99] + +[Ars Technica story on the fork and rollback](http://arstechnica.com/business/2013/03/major-glitch-in-bitcoin-network-sparks-sell-off-price-temporarily-falls-23/) + +A little perspective. Ethereum's recent woes are nothing compared to this major failure which caused Bitcoin to roll back their blockchain and change transaction history. + +And then: + +> In May 2013, the Department of Homeland Security seized assets belonging to the Mt. Gox exchange.[110] The U.S. Federal Bureau of Investigation (FBI) shut down the Silk Road website in October 2013.[111] + +and then: + +> In the U.S., two men were arrested in January 2014 on charges of money-laundering using bitcoins; one was Charlie Shrem, the head of now defunct bitcoin exchange BitInstant and a vice chairman of the Bitcoin Foundation. Shrem allegedly allowed the other arrested party to purchase large quantities of bitcoins for use on black-market websites.[124] + +and then: + +> In early February 2014, one of the largest bitcoin exchanges, Mt. Gox,[77] suspended withdrawals citing technical issues.[125] By the end of the month, Mt. Gox had filed for bankruptcy protection in Japan amid reports that 744,000 bitcoins had been stolen.[126] Months before the filing, the popularity of Mt. Gox had waned as users experienced difficulties withdrawing funds.[127] + +and then: + +> Less than one year after the collapse of Mt. Gox, United Kingdom-based exhange Bitstamp announced that their exchange would be taken offline while they investigate a hack which resulted in about 19,000 bitcoins (equivalent to roughly US$5 million at that time) being stolen from their hot wallet.[129] The exchange remained offline for several days amid speculation that customers had lost their funds. Bitstamp resumed trading on 9 January after increasing security measures and assuring customers that their account balances would not be impacted.[130] + +and then: + +> A major bitcoin exchange, Bitfinex, was hacked and nearly 120,000 BTC (around $60m) was stolen in 2016.[134] + + +Keep on the gloom and doom if you must, but know your history. Regardless of what happened this year, Ethereum is still relatively unblemished in the court of public opinion. It's associated with major fintech projects, not seedy drug markets and money laundering. +Digix could be launching possibly in 5-6 weeks and I don't think there's much discussion about it. So I wanted to spark some and post my thoughts on why I think this is a good investment. Disclaimer: I do hold a position in Digix, but that doesn't mean everything I'm about to say isn't all facts: + +* Digix will allow you to have digitized gold in an ERC20 format. +* This will provide a stablecoin and a store of value on the blockchain. +* Digix will hold real physical gold in Singapore so each gold token is fully backed. +* This physical gold is redeemable at any time. So you can actually get your gold. +* DGD holders earn money via transaction fees. +* Digix only took 15% of the tokens during the crowdsale. +* Digix announced it is refunding 465,000 ETC to DGD holders at the end of May, which at current market prices would come out to $1.40 USD per DGD. +* Augur mentioned potentially using Digix gold as a stablecoin for their platform. +* Digix has 45-50M USD in reserves, depending on the day. This is huge. +* Their final code audit is being done by SmartPool beginning on May 21st, which is said to take 4-5 weeks. If all goes well launch will be shortly after that. +* Team is incredibly talented (opinion) and active in the Ethereum community. + +Once DGD is added to a real exchange it's true value will be revealed. Currently you can buy Digix in these places: + +http://Bittrex.com (Fully regulated in USA, medium liquidity) + +http://Yunbi.com (Chinese, high liquidity, high limits) + +https://OasisDEX.com/ (Decentralized exchange from the Maker team, very low liquidity) + +http://ShapeShift.io + +See also: + +http://Digix.io + +https://bravenewcoin.com/assets/Whitepapers/digixdao-info.pdf (comprehensive Digix information) + +Feel free to open the discussion of your thoughts on DGD. +All you need to do is tell the truth. Let me tell you how. + +Augur is a decentralized prediction market protocol running on Ethereum. Anybody can create a market and anyone can trade on outcomes using ETH. The resulting winners are ultimately determined by REP holders through staking. If REP holders disagree on the correct outcome, the market goes through a series of “dispute rounds” where higher and higher amounts of REP are required to change what the final outcome will be. If the outcome you disputed for ends up winning, you earn a 50% ROI on your staked REP by taking the REP that was staked by the opposing side(s). + +There has been something very interesting happening over the last few months on the Augur platform that hasn’t been talked about much yet, but will probably cause a big stir in our community over the coming month or two. There are currently a few markets that have been in dispute for many weeks, but the correct answer is very clear as outlined in the [Augur Whitepaper](https://www.augur.net/whitepaper.pdf). The current Augur Reporter community on [Augur’s Discord](https://discord.gg/faud6Fx) believes that these markets are invalid, but they are being disputed by an unknown source. + +Since each dispute round offers a 50% ROI, that means the total amount of REP required to fill a dispute bond rises exponentially. It’s only gotten to the point of tens of thousands of dollars today, but will hit hundreds of thousands of dollars in a couple weeks and millions of dollars in just over a month. + +This market is currently the oldest one under dispute: + +*Will the weather be good for the Bastille day military parade in Paris tomorrow.?* + +[https://reporters.chat/markets/0x67ef420c045f3561d11ef94b24da7e2010650cc3](https://reporters.chat/markets/0x67ef420c045f3561d11ef94b24da7e2010650cc3) (reporters.chat is a great place to discuss the resolution of markets, along with the Augur Discord) + +[https://predictions.global/augur-markets/will-the-weather-be-good-for-the-bastille-day-military-parade-in-paris-tomorrow-0x67ef420c045f3561d11ef94b24da7e2010650cc3](https://predictions.global/augur-markets/will-the-weather-be-good-for-the-bastille-day-military-parade-in-paris-tomorrow-0x67ef420c045f3561d11ef94b24da7e2010650cc3) + +The unknown source is disputing for “Yes”. The Augur Discord community is disputing for the “Invalid” outcome, because this market is subjective. As outlined in the Augur Whitepaper: **“Only events that have objectively knowable outcomes are suitable for use in Augur markets. If reporters believe that a market is not suitable for resolution by the platform – for example, because it is ambiguous, subjective, or the outcome is not known by the event end date – they should report the market as Invalid. “** + +While the concept of “good weather” is an easy topic of conversation, it is something which means different things to different people and so is subjective and not possible to definitively resolve as a yes or no. The value of Augur to REP holders comes from collecting trading fees. In general, traders do not want to trade on ambiguous or subjective markets. They need to have some confidence on the objective truth for what they are betting about, otherwise Augur turns into an opinion poll. Poorly worded markets need to be punished by the platform to encourage the creation of good markets for traders to use. + +There have been a number of markets which have gone through the dispute process and have been successfully resolved as invalid because they were ambiguous, subjective, or the outcome was not known by the event end date. All these disputes presented the opportunity for accurate and diligent reporters to resolve the market and earn 50% return on the REP they staked on the winning outcome. + +Augur is one of the few dapps on Ethereum that are truly useful and can help give Ethereum real value over the long run. It is important that we all do our part in helping this community grow and succeed. Not to mention, you aren’t going to find a better place to earn a high ROI with cryptocurrency in the near future. Please get involved and help where you can! +I've been seeing lots of posts about ICOs recently, and a lot of these posts talk negatively about ICOs and how they are ruining ethereum. Which I think is complete bullshit. + +The real thing ruining ethereum are the many users who don't fully comprehend what ethereum is, how it works, and whether or not they're investing in a legitimate ICO. + +Once someone truly understands the workings of ethereum, these ICO scams become far more obvious. But most importantly, I truly think the dApps (ICOs) in the long run will be the reason that our currently $270 eth value will eventually be worth $1000's +. + +Think about the current state of ICO/dApps kinda like the Apple AppStore. Initially when they released an AppStore, 90% of the apps being released were TRASH, barely operating or looked like trash. There were plenty of scam apps that costed from several dollars for little to no app actually being developed to even an app called iRich or something like that and it costed a million dollars. + +Now look at the AppStore. It's full of plenty of high quality games, games like clash of clans which at this point PRINTS money. And the entire AppStore industry is worth billions and billions of dollars. + +And the best part about this?? Cryptocurrency is FAR more valuable than the apple AppStore apps. This is the future currency that will be utilized to buy those apps in the AppStore, or pay for your clash of clans in app purchase addiction. + +The point I'm making with this post is, the ICOs are a blessing and curse currently. We're all new to it, whether your making one or investing in one. As ethereum matures and so does the tech and community, the dApps will be one of the main reasons - and in my personal opinion be the #1 reason setting us apart from bitcoin and all alt coins and make us far more valuable in the long. + +#Flippening + The two ratings of CTXR (from last month): + +H.C. Wainwright reiterated a buy and PT $4.00 + +Dawson James reiterated a buy and PT $8.00 + +This gives an average PT of $6.00 and an upside of 339% (from $1.77 today) + +The report: +https://dawsonjames.com/wp-content/uploads/2021/03/CTXR.3.10.21.pdf +https://www.cnbc.com/2021/04/08/netflix-strikes-deal-for-streaming-rights-to-sony-films.html + +Netflix has struck a deal for the streaming rights to Sony films. + +The deal, which was announced Thursday, includes films such as "Morbius," "Uncharted" and "Bullet Train." + +Netflix will also be able to place films such as "Spider-Man: Into the Spider-Verse" and future Venom and other Spider-Man films on its platform. + +This deal could further strengthen Netflix streaming leader position. Netflix earning is coming and it is important to see what subscriber guidance company going to give due to the ongoing economy reopen. People start going out and consume less streaming, but on the other hand, Netflix is growing strong on the international market. It will be interesting to see if Netflix can beats subscriber # and defend the competition from Disney plus. + +Thanks for the awards. +https://www.cnbc.com/2021/04/08/netflix-strikes-deal-for-streaming-rights-to-sony-films.html + +Netflix has struck a deal for the streaming rights to Sony films. + +The deal, which was announced Thursday, includes films such as "Morbius," "Uncharted" and "Bullet Train." + +Netflix will also be able to place films such as "Spider-Man: Into the Spider-Verse" and future Venom and other Spider-Man films on its platform. + +This deal could further strengthen Netflix streaming leader position. Netflix earning is coming and it is important to see what subscriber guidance company going to give due to the ongoing economy reopen. People start going out and consume less streaming, but on the other hand, Netflix is growing strong on the international market. It will be interesting to see if Netflix can beats subscriber # and defend the competition from Disney plus. + +Thanks for the awards. +The last thing you want to happen is for your fidelity account to get compromised during the MOASS, and having some hacker selling your shares when you don't want them sold. To decrease the likelihood of this happening, you can turn on 2FA, which will send a one time code to your phone every time you log in. A hacker would need to compromise your password AND your phone, so a simple phishing attack wouldn't work. + +To turn it on for Fidelity, go to: Accounts & Trade -> Security Settings -> 2-Factor Authentication at Login -> Enable. It literally takes seconds to do and could save you a WORLD of hurt in the future. + +DO IT RIGHT NOW! DO NOT WAIT! You have no excuse to put this off. + +&#x200B; + +Edit: Lots of people are talking about the weakness of using SMS for 2FA. These are true, and it sucks that fidelity doesn't allow stronger 2FA like authenticator apps or hardware keys. Despite this, **TURN IT ON ANYWAY!** A hacker will need both to sim swap you and steal your password, vs only needing your password if it's turned off. This increases the work on the attackers side, and thus decreases the likelihood you'll be the one to get hacked (Why waste resources sim swapping an account when there are other accounts that only need to be phished?). + +No security system will ever 100% protect you, but these added steps increase the cost for the attacker, and in turn decreases the risk to you. +As many here know the 10y-2y spread has been deeply inverted for some time now, but today another commonly watched spread, the 3m-10y inverted too. + +Generally a 10y-2y inversion can be seen as a forward indicator of recession where as a 10y-3m inversion suggests recession is likely imminent. Both being inverted has been a very strong recession indicator historically, but my understanding is that the Fed watches the 10y-3m specifically to gauge the health of the US economy. + +I don't think this is signalling anything we don't already know but it does perhaps suggest the bond market now sees the possibility of a soft-landing as very unlikely. + +[https://fred.stlouisfed.org/series/T10Y3M](https://fred.stlouisfed.org/series/T10Y3M) +Every retirement calculator I have come across decides how much money I'll need in retriment based off of my current salary. I got lucky and have a high paying job for my age, but there's no guarantee that this income will continue into the future. But the high income leads retirement calculators to make absurd projections (e.g. needing $20,000 a month in retirement). As a result, these calculators are functionally useless for planning + +Is there a retirement calculator that allows \*me\* to decide what my target is rather than automatically calculating it for me? +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. + +Is it possible to get a small food franchise or something with great credit and about 90k married gross income? Do you recommend it or should I just invest my money somewhere? +High Tide (OTCQB:HITIF) acquired Toronto, Ontario based retail cannabis store, Canna Cabana, for ~$4M (paid in cash) and also High Tide assumed the company's loan to open and build the Toronto Store, saving itself $2.3M+ of dilution and cash. +Until date, High Tide has earned $1M+ in royalties from the Toronto store. + +The company acquired all of the shares of a company owned by the original holder of the cannabis retail store; High Tide and the vendor agreed to reduce the original purchase price, agreed in March 2019, which was to be partially paid in shares at a deemed price of $0.48. + +"We remain focused on increasing our retail footprint in Ontario, Canada's largest cannabis market," president & CEO Raj Grover commented. + +https://seekingalpha.com/news/3687642-high-tide-acquires-ontario-licensed-cannabis-retail-store-canna-cabana?mail_subject=hitif-high-tide-acquires-ontario-licensed-cannabis-retail-store-canna-cabana&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha +The announcement was made on [April 23](https://www.nasdaq.com/press-release/zoom-video-communications-inc.-to-join-the-nasdaq-100-index-beginning-april-30-2020) where ZM closed at a price of $169 a share. + +Company revenue has tripled since then [Macrotrends](https://www.macrotrends.net/stocks/charts/ZM/zoom-video-communications/revenue). + +Last Friday the stock closed at $147.66 a share. + +Do you think this is an overreaction by the market, or are the future prospects of the company and expected rate hikes bad enough to justify the drop despite solid earnings? +I had my car badly scratched by a red bus in London yesterday while it was legally parked on the road in front of a shop I was shopping into. The bus driver gave me his details, I took photographs of the incident and I also have the contacts of a witness who kindly proposed to help. + +Now the situation is that the car is quite old (15 years) and I was already considering selling it for a small amount (probably 300 to 500£) and buy a new one soon. On top of that, I made a bad dent on the other side of the car against a low brick wall just two days before (yay law of series :-/ ), so now the value of the car is probably even less. I just have completed a 4-year no claim discount with this car, and I'm concerned with jeopardising it. + +So what best course of action would you guys advise here? I'm pretty sure that any repairs to the body of the car would far exceed its market value, so it's probably not worth doing. On the other hand, the bus company is clearly at fault so would pay for damages without issues I imagine. Should I make a no-fault claim with my insurance company, or only a notification, or nothing at all and try to settle directly with the bus cie? + +Thanks for your advice. +Connor is paying +500 at the moment, so I am willing to put up 1000 ETH against anyone willing to put up 5000 ETH on Mayweather to win the fight. + +The platform would be https://predictiontoken.github.io/ + +This platform worked perfectly in the past for the 2016 U.S presidential election. + +To see how it worked feel free to view this thread below. + +http://np.reddit.com/r/ethtrader/comments/4xn8es/lets_make_a_bet_i_will_bet_100_eth/ + +I am only prepared to make the bet if you can meet the bet in full as requested above. + +Let me know if you would like to make this happen! + + +Yes, we're deep in a bear market but some key metrics are still looking pretty strong. + +&#x200B; + +Ethereum did 622,942 transactions yesterday, best day since September 1st. + +New addresses were 94,578, which is similar to this time last year when the price was twice as high. + +Gas used was 39,183M yesterday which compared to 1 year ago is \~50% higher which is an indication of more complex contract calls (people actually using contracts). + +&#x200B; + +Not all doom and gloom and frankly I welcome a shift back to fundamentals and technology development. + +&#x200B; + +&#x200B; +Hi guys, + +Been reading this awesome sub for the past 2 weeks. I started buying ETH beginning of May and I intend to invest a bit more as I get money. I am a hodler for life :) + +I was reading about a post calling to diversify your investments, so I am wondering what are you guys invested in as well? Golem? Mysterium? +Dear brilliant investors, + +[Mysterium's](https://mysterium.network/) ICO will be held in 2 days (May 30th) and I wanted to gather some insightful reflection about whether to join in or not. + ++ They have a Minimum Viable Product that works fairly well (I tried both hosting a node and using another one as a VPN). +- No payment system put into place (which makes it free for now hehe) yet. ++ Their pre-sale was sold-out ++ They have around 800 nodes online + +So it seems like there is something here and people are interested. + +However, I am a bit concerned about the speed at which this ICO is coming and still no guideline as to how to join their ICO smoothly and the team seems somewhat too busy these last few days (understandably) to answer questions on slack on a regular basis. + +Any second thoughts? + +**Note : I think everybody should use VPN for security reasons, Mysterium or not, since knowing your IP address makes it much more likely to get hacked or tracked by unwanted agencies.** +Alright fellow tards and autists, rest your eyes on the attached valuation and hold steady in your conviction that WE LIKE THE STOCK. While GameStop doesn't have true market comparable peers, it is a traditionally a brick & mortar store that Ryan Cohen is looking to move more online (per his letter to the board). This is a strategy taken by other B&M stores such as BBY (Best Buy, not your mom's soap company), TGT, and WMT. I threw AMZN into the mix for shits and giggles, but it is really a different beast. + +While these stores do more than just gaming based hardware and software, there isn't a single segment in the retail space to my knowledge that is growing as rapidly. On a gross profit basis, GME actually outperforms the bulk of this peer group, (meaning the margin on the products they are selling have a higher profit margin, for you real tards). Where it lags is in operating expense. This can be mitigated in a couple ways: 1) closing less profitable stores (already being undertaken), and 2) transition sales to online. While this may impact COGS, it will also improve OpEX as a % of total revenue. I have put together a valuation showing GME projected pricing based on their paltry TTM revenue figures based on the peer group as well as on Operating Income if they were able to improve this figure as described above. As mentioned, AMZN is an outlier, so I ran it with and without AMZN in the comps. Based on all of the media attention (read: free advertising) GME has gotten through this craze, I believe revenue will improve going forward on that alone. This has not been baked into this model. + +There is nothing in these prices related to any sort of short position either, just straight up valuation using the metrics listed in the spreadsheet. + +You can disregard Online vs. In-store sales -- I started down that road and decided it wasn't going to be fruitful after digging through 10-Q's. + +https://reddit-uploaded-media.s3-accelerate.amazonaws.com/images%2Ft2_ar6uj%2F3hzj18z2tkd61 + +Position: 2500 shares @ $44 +Sweden's largest broker refuses to help us transfer X-XXX shares to Computershare. + +&#x200B; + +I talked to ComputerShare this morning and they said they can not help me with the transfer however they said that Avanza (the broker) works with an American broker who has the tools to do so. + +&#x200B; + +When I called Avanza, they say that it is not possible at the moment but maybe in the future... + +Do your thing guys... [https://twitter.com/avanzabank](https://twitter.com/avanzabank) +In the last year, I have managed to quadruple my salary. Nobody I know is financially literate or earning as much as me and can speak from experience. As a result, I came to this subreddit to check out the flow chart so that I can responsibly manage my new income. + +Aside from the flowchart, is there anything I should be aware of being on that salary, any tricks or tips? Or anything specific that somebody in my situation should be aware of? + +For additional context, I'm 23 and have no children. I live in a rented apartment (£1k/mo) with my partner. Our combined income is around £8k/mo with my salary making up the majority of that. I have <1000 in CC debt which I pay off each month and have about £50k in student loans. We have a Ford Ka which is around £130 per month between us for fuel and insurance. + +Going into 2022 I'd like to make sure I make the correct financial moves. I'd like to take a nice holiday (this year has been 14hr days every day) and show my appreciation to those that have supported me, but other than that I'd like to put as much money to work as possible. +[https://www.slashgear.com/nvidia-arm-acquisition-might-be-blocked-by-uk-government-12642155/](https://www.slashgear.com/nvidia-arm-acquisition-might-be-blocked-by-uk-government-12642155/) + +Japanese conglomerate SoftBank has been looking for someone to acquire its semiconductor designer Arm and although it finally settled on NVIDIA, that deal may still fall through at least in one country. The UK government is reportedly preparing to intervene and block the acquisition if necessary on the grounds that NVIDIA buying up Arm could not only endanger its citizens’ jobs but also threaten the country’s sovereignty over one of its very few technology champions. + +Cambridge-based Arm, formerly ARM Holdings, was an independent company until it was acquired by Japan’s SoftBank Group just last 2016. Arm, the owner and designer of the world’s most used processor technology for mobile and embedded computing, was able to retain its original business model and operations under SoftBank’s ownership. There are, however, concerns that things might not be the same with NVIDIA holding the reins. + +[The UK is particularly concerned](https://www.thisismoney.co.uk/money/markets/article-8824785/UK-edges-closer-blocking-30bn-sale-UK-chip-maker-Arm-Nvidia.html) about the effects the acquisition would have on the country’s economy and sovereignty. As a UK-based company, Arm is naturally one of the country’s prized possessions and it won’t simply allow it to be handed over without much scrutiny. + +NVIDIA, of course, has promised to keep the status quo as far as Arm’s business model is concerned. It even committed to turning the UK into a global center for AI research and excellence which could help strengthen the country’s economy and prestige. Some UK officials, however, are not buying it at face value. + +NVIDIA’s acquisition of Arm could face similar scrutiny from other regulators in the US and EU as it would give NVIDIA a competitive edge over its rivals. The potential for taking advantage of that to the detriment of rivaling Arm customers is too great to ignore. The deal is valued at $40 billion or 30 billion GBP. + +&#x200B; + +\----------------------------------- + +What are your guys' thoughts on this. I currently have NVDA in my portfolio and still view it as a good company even if this takeover falls flat, in fact I personally think it may be better for them if it did. I think the price tag is quite high. Interested in hearing other peoples thoughts, any ideas how to hedge against this deal falling through? +I remember March 2020 how holding cash was seen as the wise play, stagflation etc. + +Assets have soared and cash... highly devalued (YOY). + +Would love to know how you are doing and whether or not you are planning to continue holding. +I had a couple of family members over on the weekend who were all excited that they’d successfully claimed the governments flood disaster payment. + +Mind you, whilst their area was hit by heavy rains like the rest of us, they live on high ground and were largely unaffected. One member had some minor storm damage which they already had covered by their insurance. + +They said that them and all their friends had claimed $1000-$2000 and none of them, as far as I know have actually had any genuine impact from floods. + +I bit my tongue and went and looked up the scheme and the language seems pretty unambiguous to me ie it’s there for flood victims not anyone who wants a free hand out from Centrelink. + +They tried to encourage us to claim saying it was a no harm / no foul kind of thing but we aren’t comfortable doing so and would rather not see our tax dollars go to anyone but those who have suffered from the floods. + +I guess my question is whether this is just the norm and the government won’t investigate these claims or are they at risk of a claw back or an audit? +&#x200B; + +[Hey GG,](https://preview.redd.it/qs19mc7w2lk71.png?width=1420&format=png&auto=webp&s=1eaad9eb1ca8c047492c940c49b6247b7bd67db8) + +If Naked Short Selling is not **necessarily** illegal + +and abusive Naked Short Selling is only **generally** prohibited + +Then I fucking dare you to go on network television tomorrow and say so + +&#x200B; + +If the above is true than **how can the price of any security be trusted?** +I’ve generally lived a fairly frugal life - mostly spending money on the occasional eating out, drinks, and travel. + +As I’m edging closer to FI and likely quitting the 9-5 grind, I’m a bit worried I’ll become even more frugal once I no longer have a consistent salary dropping into my bank account every two weeks. I know the theory is assuming you have xx saved up and the market grows xx% over time, you should be OK. Despite that, I’m still uneasy taking money out of my accounts with nothing going in. I do plan to have some side income of some sort, but the amount won’t be anywhere near to what I’m making now. + +I don’t want to FIRE and somehow turn into a frugal hermit. Anyone else feel this way and how do you overcome it? +I pay $220 a month for a sucky HOA. The website specifically states a $3.25 even fee for paying via Echeck, which I’ve been doing for the past few months. It has been charging me 3.25% instead which comes out to around $7, when it first started doing this I figured I had paid by debit card by mistake which does have the percentage fee but I went back and checked all my receipts and they confirm I paid by echeck. I emailed HOA who then emailed the company who runs the website who replied “We do not see where the website says $3.25” (even though it is right there on the payment page) and is denying a refund. + + +I’m pissed about this, even though it’s not that much money. I thought about just subtracting the total from my next HOA payment but I’m wondering if it’s worth fighting over this. I asked the HOA to provide me with a number to call. + +Any advice? +Though I’m new to trading, I learned very early on that scalping would be my best approach. Other traders in chat groups I’m a part of have urged me to broaden my trading approach, since there is a lot of pressure in scalping to stay alert and time entries/exits precisely, and while I do listen to them and try to integrate more ways to trade into practice, scalping is still my bread and butter at this time. + +The reason I scalp is that I actually find it less pressure-filled than holding trades longer. When I’m not in a trade, I can concentrate on my planning, chart reading, and suitable entries, but when I’m in a trade, my primary thought is “how do I bail on this before it turns on me?” I know some people sleep easier at night when they’re holding trades (not investments), but I don’t; that price can always turn, and I don’t want to be in it when it does. + +You? Why do(n’t) you scalp? +I'm in my last year of University I study graphic design but I've decided I want to trade for a living how do I turn trading into a full-time job/career +Given the avg ror is 10%. I feel like even if I withdraw 7% a year the 250k would grow over 20-40 years. Sure would be some negative years. Balance may read 125k one year. But would it not end up in the green long term? So long as our entire world doesnt crumble. I can live off 15k a year. So thinking of doing this. +I've amassed a large amount of credit due to Eon grossly over estimating my usage (£1000 credit) - they said the best alteration they can make is a 10% reduction in my gross overpayment of £180 per month. +Can I cancel my direct debit and let the credit run down? - I've asked for the credit to be put in my account but they've stopped replying to my messages. +Not that it matters but I'm on a standard tariff. + +I want to run my credit to zero and then just pay what I use - what are my options? + +Edit: Thank you very much everyone as soon as I said variable direct debit and credit withdrawal they changed their tune and started to become very helpful +This is the second time this year I’ve had to abandon a sub because of Mod takeover. Let’s try to move on from what happened this weekend, and focus on what matters. DD. I’m a lurker, but I’m posting this in the hopes of getting us back on track. +&nbsp; + +This post is just a reminder of all the immediate incoming catalysts that could (don’t get your hopes up!) trigger the MOASS. As we know, Citadel and their shorting HF buddies have a lot of tricks up their sleeves, so although any one of these catalysts could trigger the MOASS, they might have plans to circumvent these triggers. Keep the pressure on by doing what you do best: buy and hold. +&nbsp; + +Trigger 1: NSCC-2021-801 (https://www.dtcc.com/legal/sec-rule-filings) +This will allow the DTCC/NSCC to margin call Citadel and their HF buddies. Will the DTCC margin call them? Maybe. Maybe not. This was filed on March 5 of last month, and is awaiting SEC approval. +&nbsp; + +Trigger 2: DTC-2021-005 (https://www.dtcc.com/legal/sec-rule-filings) +This will change the way the DTCC/NSCC operates the stock market. Instead of sending the shares to the brokerage that purchases the shares, the DTCC will now hold onto the shares permanently, and instead put a little notation onto who owns each share. In other words, the DTCC will be creating a permanent internal ledger of stock ownership, and will not release stocks from their vault. This will prevent rehypothecation. As far as I can tell, this will trigger the MOASS if approved. This was filed last Thursday, and is awaiting SEC approval. +&nbsp; + +Trigger 3: Share recall (Credit to u/inverseyourself: https://www.reddit.com/r/GME/comments/mjibu7/gamestop_confirms_annual_shareholder_meeting_is/ Link 2: https://www.reuters.com/companies/GME.N/events ) +The GME annual shareholder meeting will be held on June 11 this year. Share recalls will begin 60 days before the shareholder meeting, which is Aprill 11th (Sunday). Most likely, this means next Monday share recalls will begin. Will this guarantee the MOASS? Yes, unless Citadel can pull a new trick out of their bag. They’ve been strategizing nonstop since January, and they know this date is coming. If they have a trick, they wont reveal it until they need to. Perhaps they can rehypothecate shares and use those to return to shareholders? I wouldn’t put anything past them. Still, it’s likely that that this could trigger the MOASS. +&nbsp; + +Trigger 4: Gamma Squeeze via Implied Volatility (IV) crush (Credit to u/WardenElite: https://www.reddit.com/r/GME/comments/misbn2/an_options_analysis_response_to_alex_goldsteins/) +By keeping prices flat at 190 for a 2-3 weeks, IV has gotten very low. This makes options very cheap to purchase, which will allow long whales to pump the options market for another gamma squeeze. From what I’ve seen, gamma squeezes typically start on a Wednesday, so keep your eyes out every Wednesday for the next few weeks for a gamma squeeze. Will this happen? We can’t be sure that long whales are ready to crush this stock yet. It’s clear that the GME MOASS will influence the broader market and economy in ways we are just beginning to understand (i.e. the everything short), and long whales may be avoiding the squeeze for a few more weeks while they assess their other positions and reposition as necessary. In fact, the long whales may no longer want this MOASS, as it may destroy their other positions. Unfortunately, they are no longer in control. Retail owns the float, and they know it. +&nbsp; + +Final Bullish note: GME is joining in on the MOASS, and will issue up to 3.5 million shares and sell up to 1 Billion dollars for equity. They’re gonna join us in having fun timing the market and selling for peak profit/minimum dilution. +&nbsp; + +Do any of these catalysts guarantee the MOASS? No, but it will clearly put significant stress on the shorts. They can’t afford anymore slip ups, and we can expect any, and possibly all of these catalysts to trigger next week. Imagine 801, 005, the share recall, and the gamma squeeze occurring all in the same week. Very bullish. +&nbsp; + +Buy and hold, and don’t hold back. This might be your last opportunity to buy before the MOASS. Don’t get depressed if these catalysts don’t initiate the MOASS. All shorts must cover. + +Edit* u/inverseyourself has pointed out that there is no clear reference for the 60 day rule. Simply speaking, I pulled that number from the various reddit threads I have been reading, but upon deeper searching, I could not confirm is there is a 60 day law or not. As such, I am placing this edit here to clarify that share recall may or may not happen next Monday, but we should be on the lookout for a potential share recall in there near future: https://www.reddit.com/r/Superstonk/comments/mkpwco/incoming_catalysts_over_the_next_few_weeks_that/gthy883/ + +Edit 2 u/UnknownKill has linked an alternate DD that suggests that 005 is technical in nature and does not actually change how stocks flow within the market, and therefore is not a catalyst: https://www.reddit.com/r/Superstonk/comments/mkju4s/srdtc2021004_and_srocc2021801_for_apes/. Unfortunately, I am not smart enough to know who is correct, so as always, please do your own due diligence. It is possible that 005 is nothing more than a technical rewrite and has no implication on the GME MOASS. + +Edit 3 Credit to u/SeeTheExpanse for finding a citable academic source for the 60 day rule: https://www.reddit.com/r/Superstonk/comments/mkpwco/incoming_catalysts_over_the_next_few_weeks_that/gtiofs2/ + +According to this article: "There are a many rules and regulations that apply to the proxy process. To give shareholders sufficient time to make an informed voting decision, registrants must follow a timeline. SEC proxy Rule 14a-13 requires that a “Broker Search” be distributed to banks, brokers, and nominees and they compile a list of beneficial owners. This broker search is required to take place 20 business days prior to the record date for an annual meeting and ten days for a special meeting. Most states (for example, California and Delaware) require the record date to be set at a maximum of 60 days and a minimum of ten days prior to the meeting; New York sets the maximum at 50 days." +Wrote out a response to a question about Ethereums value proposition, and I feel like I put too much effort into it to just leave it as a comment, so here it is: + +The core value proposition of Ethereum can be summarized with a single word: Synergy. + +To give an example, just at launch Maker is going to integrate and thus synergize with at least this list of other Ethereum projects: + +- Augur - We give them a stable store of value, they give us users. We can also use their token as collateral for the Dai. +- Slock - We use their product, the Ethereum Computer, as an easily distributed plug-and-play server to run our Keeper daemon which provides us decentralized price feeds and trading bots (meaning better Dai liquidity), we also give them a stable store of value, and can use their DAO token as collateral for the Dai. +- EtherEx - We provide a stable store of value to allow for decentralized ETH speculation directly on the Ethereum blockchain using their service (The combination of our CDP system + EtherEx even allows for decentralized margin trading!), and in turn we get better access to liquidity and and a platform for raising money without having to require KYC and other user annoyances. +- Digix - We can use their gold token as collateral for the Dai, increasing the collateral diversity with non-cryptocurrency assets. +- Oraclize - We use their service as an additional layer of secure price feeds to make sure our system is robust and cannot easily be attacked through its oracle mechanisms, and in return we provide them with income that we earn from providing a better secured Dai. +- Colony - We use their service to organize our army of community volunteers, ensuring people who do work for Maker gets paid accordingly even when it's on a decentralized ad hoc basis. We can also use their token as collateral for the Dai. +- Otonomos - We use their service to allow us to use real world company stock as collateral for the Dai, which enables us to offer business credit as well as further diversify the collateral portfolio of the Dai with non-cryptocurrency assets. + +It is the permissionless and turing-completeness of Ethereum that allows all of these projects to seamlessly integrate with each other as first class citizens, increasing the value and utility of each other, because we all write to the same virtual machine and use the same language and the same standards. + +Each project in the list above becomes a multiplier on the existing value of our system, resulting in exponential, rather than linear gains, for every new project that integrates with the others. Similarly every time any one of the above mentioned projects gains a new user or somehow grows in size, it ripples through the list and positively effects every other project in one way or another. Another huge advantage is that all of the integrations and synergies listed above require zero direct interaction or collaboration between the projects - it just emerges by itself due to the open source nature and streamlined standards of Ethereum. Of course in most cases there is still direct collaboration between the projects in this early stage of the ecosystem, but it's still important to note that this isn't a requirement - this will become a huge advantage once the network starts to really scale. + +The result of this inherent synergy is an unbeatable network effect in accordance with Metcalfe's law. Every time a VC or a banker asks me which blockchains are interesting to look at in the industry, I tell them the same thing: Ethereum has already won. It has reached critical mass and become what can best be described as an unstoppable, ever growing snowball. + +Another way to put it is if we decided to build Maker on a different blockchain, we'd have significantly less users and liquidity, and would have to spend a lot more resources on building things that others have already built for us to use as first class citizens on Ethereum, and due to those factors, we'd most likely be dead or dying at this point. +Many times here we make a recommendation to enable 2-Factor Authentication (2FA) on your accounts. This is a really good idea, but the details of this setup are complex and can be confusing. Here I am laying out some best practices (my personal recommendations). + +I would also like feedback from the community on these ideas to see if I have any gaps or security risks here with this setup. + +**SMS Messaging:** + +SMS is not a secure protocol. It has been compromised at a protocol layer and is subject to phone number takeover. That being said, it is clearly better than nothing and it is almost universally available (and, sometimes, it's the only option). + +So, please enable SMS-based 2FA but understand it is the bare minimum of 2FA. It is way better than nothing, but it is not secure. Often times, you will be forced to setup SMS 2FA before you can setup any more complex 2FA methods (I'm looking at you google). + +**Yubikey:** + +For sites that support Yubikey, it is hands-down the best 2FA option in the marketplace. You purchase 1 or more yubikeys (you can get them from Amazon for about $40). They plug into a USB port. When you need to enter your 2FA code, you simply plug in the USB key and press a button. No batteries, no drivers. They even make a small form factor unit that can live in your USB port full time. + +There are two important points here: + +(1) I strongly recommend that you purchase more than one Yubikey. When you setup Yubikey for an account you can register more than one key. So, you can register the small form factor one that sits in the USB drive and the other one that you carry on your keychain. And, you can even have a 3rd key that sits in your fire safe or with a trusted person who does not live near you. This means that if you lose your keys or you lose your laptop, you can still authenticate into various sites. + +(2) Yubikey will not work for mobile devices. So, you'll need to setup a different second factor for mobile. More on that next: + +**Google Authenticator:** + +Since Yubikey isn't supported everywhere and doesn't work on mobile, it's really important to have yet another second factor setup. I choose Google Authenticator. It's totally offline (no cloud component) and it's very widely supported. + +So, imagine that you have a yubikey setup for your google account. When you sign in on the web, you use your Yubikey. When you sign in on mobile, it will automatically recognize that you are on mobile and your Yubikey won't work... so it will prompt you for your google authenticator code (if setup). + +There are two important points here: + +(1) Google Authenticator configuration does not offer cloud backups of any kind (that I'm aware of). It does not get backed up to iCloud or your gmail account. See next point: + +(2) It's very important that you backup your 2FA registration codes (the 2D barcode that you use to setup Google Authenticator). This is critical because if you lose your phone, you lose ALL of your google authenticator codes. So, when you register for a site using Google Authenticator, print out that barcode. Keep it someplace safe (and offline). If you ever lose your phone, you can manually re-register a new phone from that piece of paper. Note that you can also use a barcode reader to capture the underlying seed/code (some sites even show you that code)... but the easiest thing is to just print the damn code and write down a quick note what site it is for. + +**Authy:** + +I avoid Authy because there is a strong cloud component that I don't fully understand... but I know they have access to my keys. No good, IMO. I have this enabled for one site where it is literally my only choice other than SMS. I avoid authy. Sorry guys. + +**Paper-Based Factors** + +Let's say your laptop (with your yubikey), keys (with your secondary yubikey), and phone (with your google authenticator) are all in your backpack and it is stolen. Now what? + +I strongly recommend enabling additional paper-based 2FA codes for all of your critical accounts (mostly for your email account and your password manager, if you use one). + +These work just like you'd imagine. When you need to login and don't have any other factor, you read the code off the paper and put it in (usually each code can only be used once ever). + +**DISABLE SMS!!!** + +If SMS is still enabled, it is still an attack vector. You MUST disable this after you have your other factors setup. I beg you. Please do this. (Note: some sites will automatically disable SMS when you activate Yubikey, etc.). + +**So, here are some scenarios and recoveries:** + +>Scenario: I'm at my friend's house and want to login to my Gmail account on his computer. +> +>Solution: Plug my keychain yubikey into his computer and login. +> +>----- +>Scenario: My laptop is stolen (with my small form factor Yubikey in the USB port). Otherwise the laptop is secure (aka windows login is required after restart/sleep/10 minutes idle) +> +>Solution: As soon as I discover the theft, login to any other computer with my keychain yubikey; connect to gmail and my password manager and revoke all open/trusted sessions. Disable the stolen yubikey. Revoke all open/trusted sessions again (just in case someone slipped in during the process). +> +>----- +>Scenario: My phone is lost or stolen +> +>Solution: Login to icloud (using emergency contacts that I've already setup) and lock/wipe phone. Gain access to printed 2FA barcodes and re-configure google authenticator for critical accounts on a different device. Change 2FA codes for critical accounts. +> +>----- +>Scenario: Phone, Laptop, and Keys are ALL lost/stolen +> +>Solution: Use emergency recovery procedures and paper-based 2FA to recover access to my password manager (where my email account password is stored). Use paper-based 2FA to recover access to my email account. +> +>----- +>Scenario: My house burned to the ground and everything (including paper copies) are destroyed +> +>Solution: Recover using an emergency yubikey and copies of the paper 2FA forms that are kept safely with a family member who lives several hundred miles away from me. This would require me communicating with the family member over the phone and probably having that person login to critical services for me to unlock access to accounts. This solution would also be used if all my factors were stolen while I was traveling/overseas. + +**tl;dr** + +* Enable SMS (bare minimum; better than nothing; not really secure; commonly is a prerequisite for more advanced 2FA) + +* Register three yubikeys per account (where possible) + * First Yubikey (small form factor) lives full time in the laptop/computer + * Second Yubikey on your keychain + * Third Yubikey with a trusted person who lives far away from you (snail mail it to them) +* Setup Google Authenticator + * Print out and label your 2FA 2D barcodes +* Setup paper-based code backups (one-time use codes, etc.) + * Use these if you lose your other factors + * Keep a copy safe at home + * Keep another copy with a trusted person who lives far away from you (snail mail it to them) +* DISABLE SMS + +Sure, this will take some work to setup... you'll learn some cool stuff along the way and remember you only need to setup the 3rd yubikey and paper-based factors for your most important accounts (email, password manager, etc.). + +Once this is setup (especially if you have a yubikey) the use of 2FA is effortless. It just happens. + +* Login to a site +* Get prompted for your 2FA +* Touch the button on your USB drive +* Done + +Edit: lots of folks asking about backing up google authenticator codes long after the setup process is complete. + +So, it appears that if the site allows you to see the QR code again after it's setup, then you could back it up that way. However, it's probably worth trying to temporarily re-add the key to Google Authenticator to make sure it is the same one and not a newly-generated barcode. + +There is no way to retrieve the barcode from the Google Authenticator app... but may you can get it from the various web site/service if they allow. + +If that doesn't work, you'll have to disable it and then re-enable it to obtain a new barcode (and back that one up). + +Be careful when doing this... don't delete the old code from your device until you're sure the new one is working (and then be really careful that you're deleting the correct version!). +I was looking into this company OmiseGo, on their website here: https://omg.omise.co/ + +If you scroll down some it says that their advisors are Vitalik Buterin, Gavin Wood, and Joseph Poon.(also the founder of Golem). Has anyone confirmed this to be true? Seems like a ridiculous advising team. Why are they all advising this project? +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! + +So you're dreaming of financial independence and looking to get into a $1K beater as a status symbol for your debt snowball journey. Then you can save up and sell it and upgrade in six months to a year right? + +Give me a break. + +I can't stand to hear Dave tell people to do this. It's a ticking time bomb waiting to rail you in the rear. + +See, there are these vouchers that people on Medicaid and HUD can get to help buy a car. They are currently $3,000 in my state. This puts a false market floor on the biggest POS, and moves better cars up the altered value curve. While generally only dealers take these vouchers (varies by state), it makes every car a private seller has more expensive to match the going rates. This really muddies the waters when it comes to finding a decent diamond in the rough, because the holy grail of beater cars looks the same and is similarly priced to all of the lemons. Not to mention big, well-reviewed dealerships want nothing to do with cheap cars. There's not enough money to be made. All these cheap cars get funneled to dishonest dealers where commissions are ultra high-pressure and they take every advantage of desperation or hard luck. Vultures, all of them. + +Reality check: people don't sell their older car until it's broken. A good deal is likely pawning an issue off on the buyer. Unless you know the history of a car, like grandma's car, it should be suspicious. Even decent-sounding reasons like "we just upgraded" has something behind it. Very likely a catastrophic, budget killing something. And, even if you have the skills and tools to fix it, will you have the time? the energy? the cash for parts? will your landlord allow you to change a fuel pump or transmission on their property? + +Any car that you can really depend on and can expect to last more than a year is going to be $5K and up. Face it and adapt. Oh, sure: there's no shortage of stories about that $100 dollar car that lasted a million miles...they are out there but you won't find that car. You'll get the one full of stopleak with a heater that only blows on defrost. That shit may be fun in college, but not when you have kids or a job that works you like a slave. You just can't deal with it. + +Of course, I can't tell you what to do. It's your life and your (lack of) money. Just know that it may be wiser to get a loan on something more long term. If you can't get a loan it may be better to do without. I've been there before and spent good money on garbage because it was my only option...but, was it really my only option?? + +Good luck whatever you do. You're gonna need it. +I must admit, I teetered on the theory. + +"The XRT is one of several major ETFs (along with their underlying equity securities)that have had ongoing excessive short selling, a high number of shares owned by reportinginstitutions (up to 7 owners per share at times, considering just institutional 13-F reportingowners), inadequate share creation to support legitimate settlements, significantly underborrowed shares for short sale transactions, improper reporting of short interest and NSCC fails for several years. Moreover, locates (affirmative determinations in order to sell short) are and have been provided daily for millions of shares sold short when the data shows no sophisticated clearing firm could have reasonable grounds to believe shares could be located/borrowed/delivered for legal settlement of large amounts of short sales. " +Incoming Karma downvote - but I’m taking one for the team. For fucking history. For our fucking financial freedom and for the sake of our own intellectual integrity. + + +Our kindness has become our biggest weakness and it is actively being used to strategically manipulate us apes. We knew amc was a big counter play by them back in Jan/feb. The Hail Mary hedge against their inevitable demise. + +It was okay to talk about the truth then. + +But it’s not now. + +Over time it slowly got pushed to stop speaking down about it - to be indifferent towards it. Now we even see posts accepting it saying things like “I’m in both but we all know GME is the main one”. + + +The combination of our natural tendency to look out for each other, and a 6 month long psychological onslaught of coaxing has led to them successfully getting us to become silent on the matter and let the truth slip slowly through the cracks. + +Nobody wants to be an asshole, but that’s what they’ve done. They’ve made it where we can’t get the truth out without looking like assholes and this allows them to silence us and proceed without resistance. + +I’ve been victim of this myself. In my group chats, I’m just ignoring the people that slowly started talking about AMC while also wishing them luck because why would I ever root against them? + +Over the past few months, we have slowly shifted away from being allowed to expose the truth about AMC. + +It’s become a taboo subject and you are attacked if you bring it up in any way that’s not slightly supportive toward the stock or the apes invested in it. + +This stance of neutrality and silence on the matter has led to the decay in awareness and exposure of the truth about AMC; this has allowed them to use their mainstream media propaganda to push AMC and successfully siphon volume and buying pressure from GME without any pushback from the one source where people can actually get this truth. Here. From us. + +WE ARE THE ONLY SOURCE FOR THE TRUTH BUT WE HAVE BEEN GROOMED INTO AVOIDING THE TOPIC ALL TOGETHER. + +This means the biggest weapon they have- mainstream manipulation - is being allowed to be successfully used while we just sit back and quietly watch. + +This truth is with us and has slowly been suppressed through the sub shifting and being emotional led into thinking that being quiet on the matter is for the best. + +The narrative is trying to be made that staying quiet about it is simply for the better - that it limits unnecessary internal conflict. After-all, we have enough shilling to deal with, right? + +However, this notion is bullshit. By staying quiet all we are actually doing is helping the bad actors in the market by giving them uncontested reach to the general unaware population. + + +I’ll be the one to say it. I’ll take the down votes. + +If you still own AMC, you are directly helping the parties who are on the wrong side GME. We have not won yet. + + +They’re literally rolling their hail Mary plan out with very minimal friction from the community. + +They even built Twitter accounts to gain trust and now are pumping both amc and GME and we ignore it snd let them and unsuspecting parties on Twitter who don’t use Reddit think it’s okay to buy both because we are just standing back and doing nothing to spread real awareness and are sitting back watching their biggest strategic counter attack happen while we do nothing to combat it. + +DFV came out of retirement to do his part to counter this AMC counter attack and now we need to do ours. + +Also, I don’t care if you think house of cards proves it’s okay to invest in stocks directly helping bad players in GME. Nothing is even close to GME. + +Like Michael burry said. There is NO other GME and will never be another GME. + + +Nobody is selling GME to buy AMC. I’m not saying that and neither is anybody else. Claiming thats my prerogative reveals you are aren’t hearing what I’m saying or are trying to keep discussion of this matter quiet. + +Raising awareness is not irrelevant and it’s not something “everybody knows” because we don’t all know. + +If we did all know then why are we still allowing their counter attack to partake completely unfiltered? + +Why are we aiding them in their manipulation campaign by remaining silent and chanting “ape don’t fight apes” like puppets? + +The thing is - Apes don’t fight apes. That’s extremely true. And by exposing the truth I am not fighting anybody. As adults we can communicate our concerns to each other without it being considered a fight. + +Let’s discuss this in a healthy way. + + + +Even the hedge funds realize at this point that nothing can get us to sell. So what other options do they have to try to buy time? They can slow down the GME buying pressure by siphoning volume by distracting new and less informed investors while we sit back and watch and do nothing because that’s what we’ve been groomed to do over the last 6 months + + + +—edit* + +Some food for thought + +Adam Aaron is really loud and Ryan Cohen is really quiet. + + +Adam Aaron is conveniently able to price real time numbers of short interest in the stock, and of individual investor % while Ryan Cohen is not. + + +A lot of what Adam Aaron is doing is extremely convenient actually. + +One is loud and and doing everything they can to try to get the into spotlight so they can talk a big game and appear legit - trying to be extra friendly and capitalize on a situation. Making multiple appearances on amateur YouTube streams - (Also selling millions of new shares into the market 34 days after promising to investors not to sell any new ones at all in 2021 if they approved the shares) + + +The other is extremely quiet and not trying to convince anybody of anything. Not trying to sway or entice new investors over - not making false promises. Just letting their actions speak. + + + +Ask yourself why such stark contrasts between the two parties? +Seriously, it sounds like there's alot of articles and thoughts of a major drop happening in the very near future. Is it possible the inflation numbers set to release tomorrow are absolutely horrendous, even with the calculation change from months ago? I'm just speculating on everything since I'm pretty dumb, but that would make sense in my mind. Buckle up, hold or hodl, and fuck you, I'll see you tomorrow. P.s. I love you all. +On today’s very red day, I took this as a time to look to buy cheaper calls for further out. As i’m looking through the small caps market for calls expiring either Dec of next year or Jan of 2023, I am noticing that the IV is relatively high. It’s anywhere from 60%~100%. +As a new learner, I’m curious to why the IV is this high? +thanks +I'm new to this, so I want to ask it here to be safe. + +How dangerous is it to sell nakes puts for tsla at 600 with a 3 DTE and a premium of 2$? + +It seems unrealistic for it to drop that far in 3 days. +Around mid January I started buying some ITM calls on SQQQ and SPXS, and made a little bit of money. This was when the market first started to go down. + +why I like this: + +* ITM a bigger portion of the option’s value is intrinsic value. I still lose a little bit of extrinsic value but less than if I bought OTM calls. Also less sensitive to volatility changes. Just need the right direction +* I buy about 1 month DTE, so I have enough red days (red days for the whole market) to sell them to close positions +* If they do drop and become OTM or lose a lot of value, it’s not the end of the world, it means the market has gone up, and I have way bigger positions in long stocks and long ETFs. + +The reason I don’t like this: + +* Timing is hard, it’s just a gamble. Even on a nice green day when I think is a good day to buy open a position. Hard to time for both open and close. I don't follow macro news much and don't really understand it.. +* In the long run, unless I time these so perfect, I will by definition under perform the market, because the market goes up in general. The question is not if but when the market goes up. + +Are there other better tickers than SQQQ and SPXS to do this? More liquid tickers? + +Is there a better way of using options to hedge? Sell OTM puts on these? I also sell covered calls on my long stocks and long IWM and SMH, so that is also a hedge, but I really want to hold my stocks and want them to go up, and hate to be assigned, so I sell <20 delta. I don't use margin, calls are covered by stocks and puts are covered by cash. + +I do like the idea of selling SPY covered calls, but most of my index positions are tied up in VOO and VTI, and those are not good for options + +Thanks. +Anyone has any usual crazy 0 day trades with high probability (and obviously high potential loss) when you don't play your typical trades but want to go riskier every now and then? Like watching 360/359p SPY today... +So somewhere in april i first opened up put credit spread for nvda it was 30 days out, and the strikes were sell 250p and buy 220p + +well we all know how it turned out... and i rolled it out two times already, right now my cost basis is around -3k credit for it and unrealized is around -1k... + +Should i still try to roll it out since its expiring tomorrow. Right now if i roll it another 30 or 45 days out i can get around 800$ credit for a huge spread of 180p and 250p... + +Iam kind of lost here, never did i imagine that nvda would drop like 30% in those few first weeks, and it all happened so quick i was unsure what to do... Kinda messed up situation to be in, since we all think that spreads are "safe bet" that spread at the time had like 90% profit probability... + + +Thanks for any advice/help. +I'm currently pursuing a CS degree and the store I've been working at has made quiting living nightmare by trying to drag on the process, but I'm worried if I just leave I'm fucked if after college I apply for a job and they hit up the retail store and receive a bad referral should I mention it in my resume. +So I was wondering if a minimum wage job would affect my career prospects in the future. +Please help me I want out. +Edit: Mini Version of Rip Inbox, I really appreciate everyone helping me. I'm not lying when I say all your advice really helps me out. Thanks :) + +Update: So I went to work and handed in my two weeks and saw it through. By October 4th I'm outta there, I decided to not burn any bridges, but at the same time take it as a valuable learning experience about manning up and politely saying "Fuck you I'm out." Thanks a lot again for your help guys +***\*ETA: Thank you to everyone for taking the time to reply. I truly appreciate everyone's input!\**** + +I'm late 30s, married, no kids, single income. NW 1M. HHI is around 350-360/yr. We are saving around 140-150/yr. + +I love my work and plan to work until around 60. Conservative estimates show we should be at around 7M by then. Our retirement spend goal is 150/yr. + +My wife and I love to travel. We live in a dreary, LCOL city so travel is our escape. With my schedule I am able to travel fairly regularly. A couple larger trips during the year, but several shorter trips as well. I saw that last year we spend about 24,000 on travel alone. I felt rather guilty about this and was deciding if we should pull back the reins. We achieve our savings goals each year, and are on track for a Fat retirement as planned, so that's how I am trying to justify it. We don't really live very lavishly, so this is our big splurge. + +Is this amount excessive? How do you all budget for your travel expenses? + +Would love to hear everyone's thoughts! + +&#x200B; +How do you deal with this? My spreadsheets say that I will fatfire in my late 40’s assuming the market gives me 12% returns. That, in my opinion, is hanging my hat on too much market expectation. + +For those who did fatFIRE through steady market returns (I.e. no major windfalls or 500k+ salaries), were you constantly stressed? I will pass my FIRE number in a few years, but I fear that I’m constantly fighting an unhealthy relationship with money as I reach for fatFIRE. +My question is simple. Money only goes a certain way in taking care of things. It doesn’t put you on a constant state of bliss. In fact doing the same things again and again tend to reduce their value. For example, before fat firing, I had a vision of wanting to travel a lot. I have realised travel doesn’t give me the same level of happiness anymore. Sure it tends to take away the occasional boredom of routine, but not in a way that it makes me totally ecstatic. Not travelling would make me totally miserable, but travelling won’t likely make me as elated. As humans we are also quick to readjust to a new baseline. Those things tend to become our new normal, which means we start to look for other things that can put us on that state of euphoria. Anyone else here who feels the same ? What did you perceive that will give you lifelong happiness before Fatfiring but it quickly became your new baseline ? +What other activities have you graduated to? What gives you a sense of meaning and purpose? + +In my case, from the time vacations started feeling like regular, I took to long term staycations. Books, reading , acads and working on new business ideas continue to be my forever love. + +Edit : also trying to practice Vipasana and everyday practice of Anitya / impermanence. + +Thanks everyone for your replies. I am trying to go through each post and internalise what it means for me and I want to take time doing that. While I may not be able to reply to every post individually, I want to tell you how grateful I am that you took so much time in contributing to my personal growth! Can’t thank enough !! 🙏 +I’m wondering what the fallout from a claim against umbrella insurance would be - in the vein of “have a car accident, rates go up.” + +I imagine it goes like: 1. Company goes through your original application looking for ways to deny. 2. If they can’t deny, they pay the claim then drop your coverage like a ton of bricks. 3. Can’t get any new coverage due to previous claim. If it can be found, it’s 10x more than before. + +Has anyone here had a claim against their umbrella insurance? What were the insurance-related impacts? (I imagine any claim has a nasty story behind it - don’t mean to pry on that) +I guess another way of asking this is how do Influencers (ie Insta Influencers/Twitter accts/Youtubers) tend to FatFIRE? + +I run a $1.15m / yr profit SaaS business and obviously my intention is to sell the company in a few years at 6\~9x ARR multiple. I've had offers to sell, and that's obviously an instant injection into my FatFIRE account. On the other hand, I got curious about Influencers - since a huge part of their content is tied to their individual identify, do they really have any choice of say, "selling" an Insta/YT account? I can't imagine the purchase multiple will be high. + +Just curious I suppose, as to how these stars FatFIRE in general from a financial perspective. +Blue Diamond Ventures (BLDV) + +Blue Diamond Ventures, Inc. focuses on opportunities in various industries related to agriculture, renewable energies, and natural holistic products and services derived from botanicals. - From their website. + +So basically this is a cannabis industry... something. I don’t think they quite have it nailed down yet. BUT, after reviewing a lot of what they have going on, it really appears to be a wholesome grassroots effort to build something great. + +Blue Diamond basically poses as a type of consulting company. The website makes it look like they can assist in all aspects of business dealings and in a wide variety of markets. I’m not saying they can’t, but their knowledge seems to be almost exclusively in cannabis and there doesn’t seem to be any real business dealing information that would suggest they have any clients outside the cannabis industry. + +In fact, the only two companies they have in their portfolio are: Harvest 360 and H360 Labs. These two companies are wholly owned subsidiaries of BLDV and are operated by the same dudes. + +Their financial report for Q3 2020 shows little to get excited about see here [Q3 2020](https://sec.report/otc/financial-report/264019) and [Q3 2020 ](https://backend.otcmarkets.com/otcapi/company/financial-report/263274/content) and I didn’t get any feels that revenue would be exploding in the near future. + +Another issue I have with them is that they seem to have a little chaos feel going. Like not crazy but hectic. Like a restaurant with too many items on the menu. In that regard, their mission and vision statement kind of suck in my opinion, their social media presence is lacking, and they are not clear on what they are and where they are going. + +Vision statement: Blue Diamond Ventures, Inc. seeks to create value and inspire optimism by partnering with industry specific companies that share our vision of Green Growth. We value time and skills. Our overall objective is to focus on activities that provide comprehensive solutions resulting in positive growth for our company and our partners. +- if I had a red pen like a teacher I would mark it all up. “Inspire optimism”??? “Industry specific”??? Worst part = the lonely sentence in the middle “we value time and skill”??? Anyway, you get my point. It’s not good. + +Mission statement: Our Mission is to build a client-centric business by implementing our strategic operational model wherein Blue Diamond Ventures, Inc. aligns with companies that share our Core Values in order to build on mutual synergies in the pursuit of lofty, yet attainable goals. +-SUCKS! That is crap. That is like taking several words and phrases from a first year business class, throwing them in a fishbowl, and pulling a few out to make a run-on sentence. Worst part = what exactly is their mission? + +Ancillary annoying things: they have a zombie twitter page that either needs to be updated or deleted. Their website does not make clear what they actually do or what they are trying to achieve. + +WITH ALL OF THAT SAID.... +It’s not all bad! Their real business is Harvest 360 and h360 labs. H360 labs is a brand new, state of the art facility in Chillicothe, Missouri which is their baby. It should be opening in a few months so I would expect to see much bigger revenue being generated at that time. + +Harvest 360 is a bit more elusive as they again appear to be some kind of cannabis consulting group but apparently generate some revenue and it appears they have crossed over into several states. + + At least two of the guys are Veterans. They have a big soft spot for other Veterans and it appears that a big part of their business goals is to reach out to that community. As a combat Vet myself, I can tell (after listening to a couple of their podcasts) that they are very determined to make this thing work. Heart goes a long way with me and I believe they have it. + +They appear to be kind of flying a little by the seat of their pants as far as a clear direction but because of that, they are making great connections in all aspects of the business. They have created connections with different schools and universities relating to both hemp and mmj. Hemp program in Kansas and education programs in Chicago. These things will go a long way and in the long run, turn into something really nice. + +My take is that their chaos is molding into a type of grassroots, organic, homegrown publicly traded company. It will probably be pretty cool to watch them grow if they can pull it off. My advice would be for them to cut the loftily language they are using on all their websites, narrow their focus as to what they actually do and where exactly they want to go, and then do work. They have all the nutrients, they just need to water their plant, which I think they will do. + +I dipped my toes in the water with 15000 shares @.0087. I’ll be watching. This is going to be a long hold for me and I will be buying more at some point. As a Vet I want to see them succeed. If the labs get ripping soon, this could have a good run in the short/medium term. + +-end first DD +Early 2017, when Bitcoin was fighting over the blockchain size debate, people started looking for alternatives. At some point, some started noticing that Ethereum was an objectively better technology; not in a trivial sense like "it has faster transactions", but in a fundamental level: Bitcoin's inability to execute computer programs made it incapable of settling non-trivial monetary exchanges in a decentralized way, resulting in an ecossystem that was nothing but a constellation of centralized services on top of a decentralized balance tracker. This realization caused many to speculate that Ethereum would eventually overcome Bitcoin, at least under the assumption that the market would seek a fully decentralized economy, and not just a big fat decentralized store of value. Of course, this belief was speculative, but it was a strong enough case to cause Ethereum to almost surpass Bitcoin back then. Fast forward a few years, Ethereum is now sitting at a boring 11% of Bitcoin's market cap with no signs of revival. + +**My question is: what changed?** Is the market betting that people won't care about decentralized economics and that a decentralized store of value will be enough? Is the Ethereum network losing its momentum or is it inferior in any sense? Are there competitors to Ethereum itself with a huge potential of overcoming it? Is 11% of Bitcoin's market cap a fair price for the only alternative currency with a non-negligible potential of overcoming it? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +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! + +So sadly, I missed out on bitcoin. If i only have $1000 or less id like to invest, would ethereum be my best bet? what the best way to buy with the least fees? + +Please help me as I do not trade cryptocurrencies regularly. + +A while back I... + +1. Purchased some ETH through Coinbase +2. Used MyEtherWallet to generate a new wallet +3. Printed the public/private key pair and stored it in my safe +4. Transferred my ETH from Coinbase to the new wallet + +Since then I have not touched it, but looking at the address on Etherscan shows that I have been sent varying amounts of tokens. Examples include DATAcoin, INS Promo, VIU, and XENON. + +Etherscan tells me that the total value of these "trash tokens" (in USD) is considerable. I would like to sell them and purchase more ETH. But I have no idea where to start. Can anyone help? +Warning: Wall of text below. + + +Today was payday, and my assets saw that long awaited bump past the six figure mark. I know this is a long way from FIRE but it's extremely gratifying to finally hit this first big milestone and I wanted to share some of the timeline of reaching this with you. Hopefully it will be inspiring, particularly with those of you who, like me, come from a more blue collar background. + + +It started 6 years ago really, I was working as an EMT making $10 an hour. I loved that job, still look back fondly on it and am heavily leaning towards returning to that line of work upon "retirement". But I had to admit at a certain point that I was never going to be able to move out of my parents house at those kinds of wages, even with the 60 hour weeks I was working. So I made the decision to join the military, I knew it was my only shot at going to college, my parents were not well off enough to help me through college and I loathed the idea of financing my degree with student debt. So I signed 6 years of my life away to the armed forces, which is what really got me on this track to begin with. See when I took the ASVAB I scored well enough to qualify for any job I wanted, unfortunately due to a slight physical handicap of mine my options were pared down to mostly administrative positions that no one wants. So from the limited choices I had, I chose one of the most boring paper-pushing jobs in the military... that came with a 20 grand signing bonus. (because those positions are hard to fill, they offer above average incentives for them) + + +That 20k became the seed that has now sprouted into my pursuit of FIRE. It was my emergency fund that I maintained for the next 4 years, replenishing any time I was forced to use any of it. It followed me through 2 combat zone deployments (I hadnt realized paper-pushers worked in combat zones, now I know better). It made me realize that I was capable of owning and maintaining large sums of money, rather than living paycheck to paycheck like literally every person I knew. + + +The other thing the military gave me was a college education, paid for using my GI bill. Which I used as efficiently as possible (2yr college followed by a transfer to a state school) to cover close to 100% of my college expenses. I came out with a BS in Electrical Engineering and used my internship with a local utility to secure an entry level engineering position with a starting salary of 60k upon graduation. + + +Shortly before I graduated two things happened, I met my girlfriend, now fiance, and I stumbled upon these forums and was introduced to the idea of Financial Independence. Upon graduation I turned my dreams of FIRE into a tangible goal, my girlfriend and I moved in together after several months of dating and we began tracking our expenses to the penny to establish a baseline. She's been on board with FIRE from the moment I mentioned it, and although she's not as interested in the nitty gritty details of investing, she's been a great budgeter, keeping me on track when I've become lax about it. After a month we formed a budget based on our findings and have continued to maintain the budget for the past 2 years now, tweaking it periodically, we began with a cap of 48k on annual spending, which over 2 years time has risen to 52k (we bought a house and got 2 pets, lifestyle inflation at work). + + +Her income beyond her half of our expenses has gone almost entirely to paying off her student debt for her medical degree (roughly 70k, now just below 2k, should be paid off in March), with only the minimums in her company 401k to hit her match. Mine has gone entirely into tax advantaged accounts through my work, the military, and my IRA, with whatever little is left over going to my brokerage account. + + +Both of our incomes have risen slightly with job changes, to around 70k for both of us. We've had some minor windfalls along the way, 1k here, 2k there from unexpected company bonuses or backpay, but for the most part every penny we've saved has been from strict budgeting and automatic investments. + + +In the future I expect things to change, in the short term our savings rate will skyrocket once her loans are paid off, and in the longer term it will plummet and our expenses will rise once we start a family and one of us has to go part-time. But for the moment we are just happy to be where we're at and have every intention of staying the course, with optimistic projections putting actual FIRE at 8 years from now and pessimistic ones more like 20 years out. But the benefits of even just being at this level have been immeasurable. We don't feel stressed about our jobs like we were at first, knowing that we could live for years off just what we have saved now. We learn new skills every day as we DIY most things in our lives. We are much more in tune with where our money goes, budgeting feels second nature (I'm not sure how anyone can sleep at night without a budget, it's such peace of mind for us to know how much we're spending). + + +One of the biggest motivations for us to FIRE is to be able to spend more time with our future children, we think of it as the ultimate luxury purchase, more important than new cars (we bought used cars with cash for about 4k each), brand name clothes (we shop frequently at secondhand stores), or other consumer items. The only things we may have splurged on were some nice vacations and our 230k home purchase, but we intend to raise a family here and didn't feel it would make sense to move again once we'd outgrown a starter home (the military came to rescue again with a VA loan that helped us get a house with 0% down, so I never even had to stop my 401k contributions). + + +To those of you just starting out, I would say this: + +- FIRE is a purchase just like any other, decide how important it actually is to you (to us it was not important enough to give up travel and a large home) and save for it accordingly. + +- Be strategic about how you progress in your life, for me it was by trading my years in the military for a number of advantages I gained as a result (the military is not as useful to everyone, but I do recommend it to many people, if you take advantage of the opportunities it offers it can be a pretty good deal) and by foregoing an enjoyable, exciting career in emergency medicine for a better paying one in engineering. + +- Dont be afraid to leave a job for a higher paying one, your company has little to no loyalty to you, return the sentiment whenever possible. + +- Automate whatever you can, the less your plan relies on you manually doing things to make it work, the more likely you are to stick to it when you're feeling lazy, depressed, forgetful, or spendy. + + +And lastly: + + +- Budget budget budget, we would never have gotten to this point without a budget. + +Tl:dr - military, college, engineer, save save save, yay 100k! +In short, I do not know much about investing or finances, so I trusted my financial advisor's decisions regarding which stocks to invest in and so forth. The money I inherited after my dad's death was approximately $160k, I have taken out approximately $40k, and now have less than $10k left. I have written documentation that states he invested in risky stock options despite my request to invest conservatively. Is there anything I can do? Can I sue him? +https://www.bloomberg.com/news/articles/2019-08-15/china-says-u-s-violates-xi-trump-consensus-with-new-10-tariff-jzcgsz85 + + +And there go the futures just prior to the open. Looks like hump day was just a speed bump on the first floor of a 6-floor parking garage, +Been asked to note this is Ryan X Charles and not Ryan Charles. + +--------- + +Repo: https://github.com/ryanxcharles/fullnode/ + +Commits: https://github.com/ryanxcharles/fullnode/graphs/commit-activity Started happening in early August, just about when he was hired as the cryptocurrency engineer + +Commit times: https://github.com/ryanxcharles/fullnode/graphs/punch-card primarily 9am-5pm M-F + +Conclusion: Ryan and Yishan were buddies, Yishan hired him to do something something crypto, Ryan was given no direction and was allowed to work on a solo project with zero management oversight so he worked on his dream project of rewriting Bitcoin in JS. + +Aside from how laughable the project is, it's more funny how terrible Reddit management before Yishan's departure would have to be to allow something like this to happen. You're paying someone a full-time engineer salary in SF (so 100k+) to rewrite Bitcoin in Javascript? When it has absolutely nothing to do with your business? Great move. +[https:\/\/ycharts.com\/indicators\/us\_loans\_to\_depository\_institutions\_\_primary\_credit ](https://preview.redd.it/aro6grx2jas91.png?width=1310&format=png&auto=webp&s=8fed654fa1d82c557f773d8cf30a8f719a6e3943) + +Good evening r/superstonk! Neighborhood jellyfish here and I would like to discuss , ['Primary Credit'--the principal safety valve for ensuring adequate liquidity in the banking system](https://www.frbdiscountwindow.org/pages/general-information/primary-and-secondary-lending-programs) that has banks borrowing cash from [the Fed at 3.25%](https://www.frbdiscountwindow.org/) to the tune of [$7.511 billion this week](https://www.federalreserve.gov/releases/h41/20221006/) a [change of 16.09% from last week and 1.14K% from one year ago](https://ycharts.com/indicators/us_loans_to_depository_institutions__primary_credit). + +# Overview + +>Federal Reserve lending to depository institutions (the “discount window”) plays an important role **in supporting the liquidity and stability of the banking system** and the effective implementation of monetary policy. By providing ready access to funding, **the discount window helps depository institutions manage their liquidity risks efficiently and avoid actions that have negative consequences for their customers, such as withdrawing credit during times of market stress.** Thus, the discount window supports the smooth flow of credit to households and businesses. Providing liquidity in this way is one of the original purposes of the Federal Reserve System and other central banks around the world. +> +>The ["Primary Credit"](https://www.frbdiscountwindow.org/pages/general-information/primary-and-secondary-lending-programs) program is the principal safety valve for ensuring adequate liquidity in the banking system. Primary credit is priced relative to the FOMC’s target range for the federal funds rate and **is normally granted on a “no-questions-asked,” minimally administered basis. There are no restrictions on borrowers’ use of primary credit.** + +[https:\/\/www.frbdiscountwindow.org\/Pages\/General-Information\/Primary-and-Secondary-Lending-Programs.aspx ](https://preview.redd.it/pygdmq1klas91.png?width=1186&format=png&auto=webp&s=c05f15316b2e62b91ffc37959ddb81fa2fed1e2e) + +[Here are some examples of common borrowing situations](https://www.frbdiscountwindow.org/Pages/General-Information/Primary-and-Secondary-Lending-Programs.aspx): + +* Tight money markets or undue market volatility +* Preventing an overnight overdraft +* Meeting a need for funding, including a short-term liquidity demand that may arise from unexpected deposit withdrawals or a spike in loan demand + +>The [introduction of the primary credit program in 2003](http://www.federalreserve.gov/boarddocs/press/monetary/2003/20030106/default.htm) marked a fundamental shift - from administration to pricing - in the Federal Reserve's approach to discount window lending. Notably, **eligible depository institutions may obtain primary credit without exhausting or even seeking funds from alternative sources. Minimal administration of and restrictions on the use of primary credit makes it a reliable funding source. Being prepared to borrow primary credit enhances an institution's liquidity.** + +# Why is this so interesting? + +A lot of banks have a ton of cash right now! We see this with the current reserves at $3.306 Trillion + +[https:\/\/ycharts.com\/indicators\/us\_total\_reserves ](https://preview.redd.it/xhjccqjomas91.png?width=1248&format=png&auto=webp&s=b58f9a89f40d225b9ca0c6a75107aaef6938fd51) + +What are reserves? They are when the banks put cash on deposit at the Fed and the Fed pays them interest--currently 3.15%. + +So back to Primary Credit, I wonder which institution(s) are seeking **“no-questions-asked” "no restrictions on borrowers’ use of primary credit."** to the tune of [$7.511 billion this week](https://www.federalreserve.gov/releases/h41/20221006/) a [change of 16.09% from last week and 1.14K% from one year ago](https://ycharts.com/indicators/us_loans_to_depository_institutions__primary_credit)? + +Thanks for dropping by and I hope you have a wonderful rest of your evening, an awesome Friday, and even better weekend! +I've done 7 years at a startup and am leaving to join a new startup (series A). Yes, I exercised and took my equity with me. + +At 32 now, I have cash, and though I know its somewhat risky, I want to take advantage of QSBS Tax Exemption at this new startup. I didnt do it last time and regret it. + +QSBS allows $10M in profits from equity sale to be treated as capital gains, if the employee originally acquired the shares when the company still had gross assets <$50M. + +Has anyone done this before to great (or poor) effect? Would love to get some perspective. + +Joining a biz at series A is effectively the same as taking the view of a VC, only you invest your time instead of money. It was a no brainer for me relative to my last startup. Sadly its true that loyalty doesn't pay. The new startup offers higher pay, early equity, better benefits, its far more scalable, and run by a proven founder. + +So if I'm betting on the series A startup by joining so early, and I believe it will exit and my equity will become valuable, it makes sense to plan for a possible liquidity event. +Update to my \[last post\]([https://www.reddit.com/r/financialindependence/comments/8yu2vu/military\_couple\_6\_years\_from\_fire\_goal\_update/](https://www.reddit.com/r/financialindependence/comments/8yu2vu/military_couple_6_years_from_fire_goal_update/)). + +It's been a year so I figured I should make another update post as the FIRE goal gets closer. My goal remains to have $2m in net worth plus our military pensions and retire at age 43. + +**Current Ages:** + +* Me: 38yrs +* Wife: 36yrs +* Kid 1: 6yrs +* Kid 2: 3yrs + +**Income:** + +* Me: $137k (Up $12k compared to last year due to a promotion) +* Wife: $119k + $15k bonus for one more year + +**Rental Property:** $1850/mo rent, $185 management fee, $1367.68 mortgage, $90 HOA. This ends up being an extra $200 in cashflow with $850 of the mortgage payment going to principle or a net $1050/mo. We owe $41.5k (3.25%) on the 15 yr mortgage and the house is worth about $290k. (Purchase price: $215k + $20k repairs/improvements). Continuing to pay the mortgage as scheduled results in paying off the mortgage when we retire. I just dropped the rent $50 to lock the tenant into a 2 year contract. + +**Savings:** Both wife and I max out our tax deferred savings options. We also put $27.6k/yr into the taxable brokerage account, Traditional TSP ($19k/yr each), college funds ($4k/yr), cash savings (12k/yr), and Roth IRA ($6k/yr each). Total annual savings is $93,600 when I add everything up. The vast majority of these investments are in extremely low cost index funds. The only change to this over last year was a move of my emergency fund cash to a high yield savings account offering 2.1% interest. + +**Current balances:** + +* TSP (gov’t 401k): $684k (66k increase, 29k gains, 37k contributions) +* Roth IRAs: $226k (70k increase, 20k gains, 11k contributions) 226 +* Taxable brokerage account: $194k (29k increase, 27k contributions) I swiped $22k from here for a new car down payment +* Emergency fund: $15k (swiped some cash from here too for the new car) +* Checking: $15k +* Kid 1 ESA: $21k (4k increase, 2k gains, 2k contributions) +* Kid 2 ESA: $10.5k (3k increase, 1k gains, 2k contributions) + +~~Still have the same 2 cars (2008 and 2013), decided not to upgrade to a bigger model with the second kid.~~ Upgraded to a new 3 row 2020 Explorer ST. I spent about $60k on this financing $25k @ 2.75% over 4 yrs. I wanted to just pay cash, but figured I'd split the difference as the 2.75% rate is pretty low compared to keeping that money in the market. This way if the market goes up, I feel good. If the market goes down, I feel good about it since I pulled out money when it was high to pay off half the car. It's putting myself in a win-win situation mentally. I thought about this car purchase for a long time and it really boiled down to it not impacting my FIRE goals/timeline. We're pretty frugal and this is definitely twice if not more expensive than what we need. But, it's really really nice (400 HP) and not as expensive as some of the other luxury models. + +**Life insurance:** No change in policies, $145/mo combined for both our policies. We each have $1m which will drop in half to $500k/each when we retire and the work insurance goes away. The $500k policies are 30 year term that take us to around age 63. I figure with $1M insurance and $2M assets, the kids will be taken care of just fine. + +We currently plan to opt out of the survivor benefit plan. The simplified math of SBP would cost 6.5% of our pensions and would pay the spouse 55% of their pension if they died. It's not a bad deal and it's inflation adjusted. The premiums stop after 30 years, but the coverage continues. I'd prefer to just not have either of us die and keep the $600/mo. I still need to do some thinking on this. + +**Expenses:** + +No major changes to expenses other than the addition of a car payment (580/mo). I might add a bi-weekly cleaning service, but don't see any big costs anytime in the near future. + +* Fixed expenses (mortgages, day care, insurance, utilities, etc): $8743/mo +* Fixed savings: $7716/mo + +Extra money left in checking account each month is about $3-4k. That funded a new roof, cutting down some trees, trips, and extra debt payments/savings contributions. I could be more disciplined with that, but honestly we're pretty frugal and generally don't spend much on random things. In our fixed expenses we allocate money for eating out and entertainment. + +**Historical Actual Net Worth (updated):** [https://i.imgur.com/RduzDlc.jpg](https://i.imgur.com/RduzDlc.jpg) + +* 2012: +$130k +* 2013: +$194k +* 2014: +$110k +* 2015: +$39k +* 2016: +$177k +* 2017: +$247k +* 2018: +$102k +* 2019: +$212k year to date + +**Historical Actual Debt (updated):** [https://i.imgur.com/JUfrPNV.jpg](https://i.imgur.com/JUfrPNV.jpg) + +* House 1: 41k @ 3.25% (paid off before FIRE) +* House 2: 371k @ 3.75% (get down to \~$300k before FIRE), I may refinance this into a 15 yr if the fed drops rates and I can something closer to 3.25% or 3% +* Car: 24.5k @ 2.75% (paid off before FIRE) + +**Retirement plan:** + +Military pensions are equal to 2.5% \* yrs of service \* high 3 base pay avg. So, 20 years = 50% of your base pay. Based on our expected rank at retirement, this would be $54k each. That is in today’s money and since this is tied to inflation it’d be slightly higher (5 years from now) and would continue to grow each year in retirement since it’s chained to the CPI. + +**Age 43:** + +1. Buy a nice house somewhere after selling the rental houses. We currently have about $400k in equity and should have closer to $500k by the time we retire although $50k of that will probably be eaten up in fees when we sell. We really don’t know yet where this retirement house will be and how much we’d spend. I've decided I don't want to keep the rentals if I'm not local to the area as I wouldn't want to keep paying property management fees after I retire. Our house target price is $400k-600k. My original plan was to just pay that outright or finance up to $200k. I'm not going to worry about this too much until we decide on a location. We may just rent for a year in that location before committing. +2. Stop TSP/Roth IRA contributions and most other savings. +3. Live off of $108k/yr in pensions and money in the taxable brokerage account. My goal is to continue something close to our current lifestyle. Even though we’ll have half the income, it should be similar since we won’t have rent/mortgage or contributing to retirement accounts. With $2m and a 4% SWR, I'm looking to augment the pensions with an extra $80k/yr for a total of $188k/yr. When I project retirement expenses, I'm looking at around $105-140k/yr max. So I think we have a pretty good cushion here. (Another reason why I felt like we could splurge on a new car). +4. Find an activity to stay occupied. I’ll be at my peak earning potential and could probably get a high paying job for a few years at this point which is my insurance plan if the market tanked/black swan event. I could also stay in the military up to 8 more years which would increase my pension 2.5%/yr above the 50% base. But, I really want to quit working at this point and spend time with the kids who will be in elementary/jr high school. +5. Begin converting our traditional TSP to a Roth IRA ladder. I think I'm stuck paying like 22% tax on that money because of our pensions. But, might as well do it sooner rather than later so the money is available without penalties sooner. +6. Attend kids’ college graduations. Note: We transferred our post 9/11 GI Bill benefits to the kids, so they can both attend a university anywhere in the county and the gov't will pay a stipend plus tuition up to the highest state university tuition in that state. I'm still contributing $2k/yr each to their college funds which is probably overkill. I decided to keep doing that because the money could still be used for a master's degree, or perhaps the wife and I will decide we need a phd or some nonsense. We have 4 master's degrees already between the 2 of us. + +**Age 62:** + +1. Begin collecting social security. If we wait until age 67 it's an extra $18k/yr each for us. By taking it at 62 it's more like 12.5k/yr each. It'd take 11.5 years to break even if we waited until 67. In reality it'd probably be even longer if we invested the money that we start receiving at 62. I'll probably flip flop on this some more over the years, but it's not like I'm making that decision anytime soon. + +**Major risks:** + +1. Wife and I getting stationed in geographically separated locations reducing our savings rate by having to maintain two households. We'll find out . +2. Minimal bond exposure, I’ve been adding some over the last couple years, but primarily am invested in low cost stock index funds (vanguard and TSP). +3. Congress making significant changes to military retirement benefits/healthcare. The current deal is ridiculously good, I can insure my family after retiring for $580/yr with Tricare. When we become eligible for medicare then we have to pay the medicare part b premiums and Tricare for Life kicks in automatically to cover the 20% Medicare doesn’t cover plus provides the same prescription drug coverage benefit we have now. I think the main risk is they increase the annual premium, but even if they went from $580/yr to $580/mo I’d still be thrilled with it. + +Please let me know if you have any questions and I’ll do my best to answer! + +tl;dr Net worth is now $1.6m ($439k debt, $2m assets), an increase of $212k from my last post. Plan is to retire in 5 years at the age of 43 with $2m in assets and military pensions worth a $108k/yr. +Meta CEO Mark Zuckerberg failed to anticipate a newer trend in social networking that contributed to the success of rival TikTok. In an interview published Wednesday in analyst Ben Thompson’s Statechery newsletter, the Facebook founder said he “sort of missed” a newer way that people “interact with discovered content” via social networking services. People are increasingly using their social networking “feeds” to discover compelling content as opposed to viewing the media shared by the friends that they follow, he explained. Although people still interact with content that their friends share in their feeds, the overall social networking trend has “by and large shifted to you use your feed to discover content, you find things that are interesting, you send them to your friends in messages and you interact there,” Zuckerberg said. “So in that world, it is actually somewhat less important who produces the content that you’re finding, you just want the best content,” the Facebook founder said. (Facebook changed its corporate name to Meta last year.) + +Analysts have attributed TikTok’s rapid rise in popularity to its algorithm, which can recommend compelling short videos to users based on their habits and viewing history. TikTok’s rise has posed a significant challenge to the company, which is experiencing a decline in North American Facebook users, and a stock price that’s lost more than 56% this year so far. + +Zuckerberg referred to TikTok as a “very effective competitor” during the interview and acknowledged that the company was ″somewhat slow to this because it didn’t fit my pattern of a social thing, it felt more like a shorter version of YouTube to me,” he said. Zuckerberg also believes it’s important for Meta to develop AI that can recommend a range of content including photos and text to users besides just short videos. + +Source: https://www.cnbc.com/2022/10/13/mark-zuckerberg-said-he-missed-a-giant-shift-in-social-networking.html +But it did happen once. + +This is for those who put their life savings in margin trading, too sure that their cryptocurrency won't drop to a certain price. + +If greed can push $6,000 to $60,000, then fear can sure push it back down from $60,000 to $6,000. + +Think about it. Don't risk your life savings or your house in something that you have zero control of. For the past few days, we are hearing the accounts of people committing suicides, and the largest account liquidated a few days ago is $64M. Whales get wiped out clean too, just so you know. +Miss Cathie Woods is being hilarious on CNBC interview. She wont admit her bad bets and is defending herself by focusing on AI future and if you happen to short her fund then you are against innovation she said. + +Most of the companies shes invested have tanked between \*\*-50% to -80%(\*\*hood that is) but yet she is delusional about it. + +[https://www.cnbc.com/2022/02/17/cathie-wood-says-her-innovation-stocks-are-way-undervalued-and-recent-fund-losses-temporary.html](https://www.cnbc.com/2022/02/17/cathie-wood-says-her-innovation-stocks-are-way-undervalued-and-recent-fund-losses-temporary.html) + +So lesson learned if you like innovation dont short ARK fund. Cathie Woods is the future of innovation. /s + +Then her ZOOM needs an upgrade during call. LOL + +[https://i.imgur.com/4rnggnb.png](https://i.imgur.com/4rnggnb.png) +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 +Hi, some undocumented immigrants are interested in my property in FL and was wondering what has been people's experiences renting to them? I'm trying to understand whether they have a strong incentive to pay rent or not given that it's hard to run background checks and proof of income. +Will there be new clauses in leases to prevent tenants not paying or anything like that to protect the landlords? General question, but I would love to hear any thoughts. Thank you. +Background: Me and my wife have about 100k saved up and are looking to buy a condo for about $250k. We currently live in another condo in the same neighborhood rent-free because my family owns it. Our combined income is about 150k, we have no significant debt. + +The condos we are looking at are marketed as already being used as AirBnBs, averaging $150 a day. The homeowner association fee is about $800 a month. I spoke with a lender who told me with my down payment I should expect to pay about $1200 a month for the mortgage. That plus the property taxes/insurance should be around $2300 a month. If the AirBnb averages $150 a day that's about 4500 a month. 4500 - 2300 is 2,200 a month. To me this seems like a solid investment, but I wanted to double check with more knowledgeable people. + +Also I don't know if I will be using a property manager, I will be living about 5 minutes from the condo, so I don't know if it is worth it. + +This condo is in Miami Dade county, Sunny Isle Beach, FL to be specific. +I purchased a 16 unit two months ago and inherited 14 tenants. I messed up and didn't include the current security deposits to be given to me at closing. When people move out, am I obligated to give security deposits back? Is there a way to get out of it? I may have just shot myself and will just need to write it off as a loss. Thoughts? +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. + +[Correction: 31st most valuable now. Worth the same as Bank of America](https://companiesmarketcap.com) + +HKD IPO’d at $7 on July 19 as a subsidiary of AMTD (which had around a $2b market cap). + +What does it do? Not really anything. It has some bullshit things on its website but the last press release was in December with a shit photoshop Microsoft-paint like new year’s greeting. + +[Pic](https://imgur.com/a/03syvZC) + +So the parent (AMTD) is now mooning as its subsidiary is worth 112x its own market cap even though AMTD parent can’t sell due to lock up. + +Clearly there is some massively low float fuckery going on here, but if any fund was short this monster, they’d have blown up. + +Here’s their website. Amazingly [awful](https://www.amtdigital.net) +Apparently it’s happening. $20k if you had pell grants, otherwise $10k, if your income is under $125k. I had a limit order to buy some more BTC at $20k, but just went ahead and bought some at market price. Was that smart? Who knows. We’ll see. Lol. +I’m looking at purchasing an expensive toy. Is it foolish to pull a personal loan instead of depleting savings? I did this once this year already and paid off a 3 year loan in 6 months. Is it bad to do this repeatedly? I’m confident I can pay this new loan off in the same time frame. +Hoping to move out and get my own place, but the best I can do anywhere near me is $1,700 for rent, and I only get around $3,400 in take home pay. I've been doing the math and I think I'll have around $700 left over to divide between saving and spending. Is that enough? +Does anyone have recommendations regarding tracking order flow? I have noticed services like FlowAlgo, and I would like to read a bit more on the subject. Additionally, has anyone worked with order flow that could offer any insight on the subject? Thanks. +For anyone that has built their own system I am curious how you optimized your data processing. + +There are things like order routing and processing the main data feed for alpha signals that obvious need top priority. + +Then there are things like reporting, logging, and other things that can run in the background. These types of things don't require the same attention to latency as the rest of the tasks. + +So how are you separating out things? I am looking for some best practices in general here. Specifically I am exploring pros and cons of running lower priority tasks outside of the main thread, or using Async on these to not molest higher priority things on my main thread. + +So in short how do you handle blocking? Any opinions or thoughts on the subject would be appreciated. +At the airport currency exchanger today I spent ~$40 converting 40000 Japanese Yen into $330, well it would have been $370 but they took $40. If I didn't do it there then I would have had to take time out of my day in the future to drive to the right bank, and their fee isn't much better. I can't wait until bitcoin makes currency exchanging pointless and people aren't shaken down every time they cross a border. +Hello I'm living in Central FL and holy hell. My rent is going to be 600 dollars more once my lease is up. I'm thinking of moving to rural PA where some family is, the wages arent as good but there are union jobs and wayyy lower rents/mortgages. Would you guys recommend this? Starting to get sick of the chaos and high prices here. +Cant count how many times I’ve read that day trading is essentially impossible to be successful at. Yet, some people are. + +What’s the secret? Is there one? Is it math ability, pattern reading ability, psychology, or just straight up practice? Do most people lose in this game because they give up or run out of capital before they’ve had enough practice? Opinions? +So this will be in SF, so first of all, $3000 without roommates is about what you'd get for a studio/1 bedroom. I worked for a shitty job for a couple years, but paid off my student loans (didn't have much to begin with), and now got a job for 100k (okay, 97, but I like rounding up) in SF. + +100k will be around 70k take home salary, and if I spend 40k on rent and even 20k on food/clothes/etc (heavily rounding up), that still leaves me 10k for saving, right? Is this an insane way of thinking about it? + +Also, if there is a better place to discuss this, please let me know. Thanks! +[Bitcoin is now a Top 30 asset by market cap](https://assetdash.com) when ranked alongside U.S. traded stocks and ETFs. Top 20 soon? + +[Source: AssetDash.com](https://preview.redd.it/h61z5sxufwt51.png?width=2418&format=png&auto=webp&s=0b3ff8ac36ef9e306ffe0c344569ae0f2adfaf3a) +Hello, I’m trying to understand this retarded ass market. + +Okay so there’s this company called Pfizer. They have the number one drug to treat a pandemic. Well it’s not just a pandemic, it’s a global pandemic. Oh yeah and by the way, it might be a permanent global pandemic. + +Yeah so, a company called Pfizer has the number one drug to treat a permanent global pandemic. Recently, they made it into a pill form. Okay. + +There’s this other company. They sell an overpriced workout bike that - get this - has a tv on it! And the great part is, you have to pay every month for the tv to work! Can you believe that? The tv stops working if the customers don’t keep paying for it. Genius. + +Now, unfortunately no one wants to pay for that overpriced piece of trash, so the company is going to have to fire 2,800 employees including the CEO. + +Okay, got everything? + +Yeah so Pfizer stock is down and Peloton stock is up 25%. Fml + +Anyone care to explain how this makes sense? +About an hour ago I saw there was a post about ETrade processing the dividend as a stock split instead of the intended dividend. I can’t see the post anymore so does that mean it was proven wrong already? I was ready for something interesting to read +Silly question but no idea where to start. I see these nice houses and they are about £200,000 - £300,000 odd and I just wanted to know how much salary do you think a person should be making to be able to afford this type of house? +They sold off their original business and have invested fully into crypto/blockchain. In what world is this a smart move? They were already bleeding so much cash and now they decide to invest in a rapidly declining financial instrument? This makes no sense to me in any context. I hope I’m not alone. +Hello, + +I've got a fever of 101.7 so today's updates might be a bit sporadic and slow + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/o4l0cb/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157 (previous ATM offering)**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, **225.20 (new ATM offering)** 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base... + +# After Market Wrap + +Well we got that nice volume spike going into after hours I expect volume will continue as rebalancing begins I'll be watching along but for now dayquil and rest. Thank you all so much for tuning in. Have a great weekend. + +\- Gherkinit + +https://preview.redd.it/rcmi4t7dxg771.png?width=699&format=png&auto=webp&s=f0dfafc773e1c61f3edfadcb76dd9b2d5aac7f02 + +Edit 8 3:46 + +Final 15 minute push could come in, based on historical Russel inclusions, otherwise sideways till close + +https://preview.redd.it/jtwvzhmaug771.png?width=1588&format=png&auto=webp&s=99b09a8c528df71bdb66aacb4e2525bca7859ecd + +Edit 7 2:18 + +still chopping on 200 + +https://preview.redd.it/rak9eeeieg771.png?width=1450&format=png&auto=webp&s=86786c2e735db77a611785144477f98661522f9f + +Edit 6 1:38 + +fire sale we broke 200! + +https://preview.redd.it/ujm6qb6h7g771.png?width=1595&format=png&auto=webp&s=a8870b45bde18a70f82c5c7a69299042c7e04098 + +Edit 5 12:22 + +Nice breakout to test VWAP although volume is probably too low to effect any actual change + +https://preview.redd.it/9rmdme8wtf771.png?width=1599&format=png&auto=webp&s=692dd7855ecc9ad2561401b72f03795bef1c369c + +Edit 4 11:26 + +Reverse head and shoulders possible VWAp test + +https://preview.redd.it/5ulnsfwujf771.png?width=1209&format=png&auto=webp&s=cd05db1744d412afdc3829d429583cb7b2b792f3 + +Edit 3 10:58 + +Sideways chop on 200 if there is a short attack we could dip below + +https://preview.redd.it/60dg7gpyef771.png?width=1404&format=png&auto=webp&s=4b164c003851f344d382a457adf3ff0e2e7703bd + +Edit 2 9:46 + +looks like we are turning around + +https://preview.redd.it/tb4d2yj02f771.png?width=1227&format=png&auto=webp&s=072bab6047d90eb1a4bc1a58683bc8bfd3edc94c + +Edit 1 9:42 + +Volume at 387k 200k shares borrowed dip down to 207 right now looks like it could turn around some of this is overall market pressure + +https://preview.redd.it/yc6e1tli1f771.png?width=1598&format=png&auto=webp&s=2c75bde2704bd0cf956abcb309156944c70bfad5 + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +My dad heard an ad or talk show on the radio for some group called retirement planners of America and wants to hire them to manage his retirement funds. + +He consulted with them and said they will charge a % commission and will put his money into ETFs. I think this is a very bad idea and I told him so and he started screaming at me telling me I don't know what I'm talking about. + +He doesn't need estate planning or anything fancy like that, just needs to live off his retirement and pay for the rest of the house, etc. I'm afraid these people are going to do a shit job managing his money and only choose ETFs where they also get a commission to benefit them without my dad's best interest in mind. Can anyone point me to some information I can show him so he doesn't think it's just me? +(Edit: screwed up title - it was litecoin sent to a bitcoin address, not the other way around) + +Just listened to the story on the recent Blockdigest episode. The TL;DR is in the title. + + +It's of course the mistake of the user to not being careful enough, but also negligence on part of Coinbase not to have any sort of warning or restrictions in place for sending bitcoin to a litecoin address (which seems like an easy and reasonable thing to implement). + +But particularly negligent is to claim that the funds are not recoverable anymore, which is simply not true, and luckily, another Twitter user was able to help recover the funds successfully (worth around $2.5k). So the Coinbase support was simply either incompetent or just lazy or lying, which is all equally concerning, as such cases are likely not very rare with all the newbies coming into the space and Coinbase being one of the biggest fiat on-ramps into bitcoin. + +Timestamp to the story (as told by @brian_trollz, the person helping with the recovery): https://youtu.be/cvbm0YlKV04?t=3211 + +Link to the original Twitter thread: https://twitter.com/djjindra/status/1073096138893385728 + +And the follow up by @brian_trollz: https://twitter.com/brian_trollz/status/1073241960528429056 + + + + + + +Well wellity wellington HG wells wellbutrin well well. + +Here we are again, folks. Staring down another trading week, tits immeasurably jacked. I had thought the final spike on Friday would be enough to keep interest piqued on its own. I wasn't expecting untold savagery from the likes of /u/loggic, /u/justbeingpunny and /u/darkplayer74. We now have a great handle on what Gamestonk might be up to with their crypto offering. I'm particularly partial to the verbiage suggesting they might tell the DTCC to go fuck itself in no uncertain terms. + +But I'm not here to talk about how impressed I am by the capabilities of our data-focused apes. I'm here once again to remind everyone about how this is likely to go down from a behavioral economics and geopolitical standpoint. I know "politics" is a woo-woo topic round these parts, but what I've got to say is the furthest thing from a partisan take there is. This is not speculation or bias, but simply fact as I've come to know it. As a former investment banker and intelligence community member, this is how I see this situation playing out from a global perspective. As with any of my posts, take from it what you will, or nothing at all. + +&#x200B; + +I try to be as objective and data-driven as possible, but I can't very well discount conspiracies if I've had a hand in building some myself. And this truly does look like a job. We've talked about all the TRULY large monied interests that have to be pissed the fuck off about the current landscape. How the masses have been systematically fleeced, without fail, since the market's inception. And we've talked about how bad 'Weimar Republic 2: Hyper-Stagflation Boogaloo' is going to be. + +People don't read history books anymore. You can't systematically disenfranchise a population like this, especially at an economic breakpoint of this scale and depth, without catastrophic consequences. Millions of people are about to watch their retirement portfolios lose 70% of their value, inflation skyrocket, lose their jobs, and have their houses taken away from them. Global citizens will be starving in the streets. Why? Because Wall Street decided they weren't going to take an L. One last final "fuck you, you were never allowed to succeed." + +Well, when people find out that these bitch-made fucktoilets were betting not just money THEY don't have, but money NOBODY FUCKING HAS, and decided that not even that was enough, retail will take to the streets, and in numbers you couldn't possibly fathom. Not just Americans, either, but everyone. Every disenfranchised retail investor will be screaming from the mountaintop at their sovereign governments, their families, and their compatriots, exposing the depth of the fraud committed at the expense of the average human. Allowing this squeeze to happen, hell, even FORCING it to, is the SINGULAR way in which American markets can survive. Any other outcome will result in the complete, total, and unequivocal collapse of all global retail faith in our systems, and that faith would NOT be returning anytime soon. People can and will take their money elsewhere. + +I know it's jarring to see MSM disregarding the facts of the situation, but in the grand scheme of things, it means very little. They're pandering to a base so jaded that they no longer care. Freedom fighters don't disseminate knowledge via MSM, they disseminate it online, and the online response to this whole scenario has been monumental. I think people truly underestimate how many global eyes are on this situation, and how many of those eyes belong to the inheritors of current political systems. Pissing off 18-40 year olds is EXPONENTIALLY worse than pissing off the burgeoning retiree class. These are the people whose wages you're trying to siphon for the next 40 years, the people you need to avoid offending and disenfranchising for the next 40 years. Not some old fuck screaming "this fair share concept is bullshit" that won't even live long enough to see this play out. The people REALLY running the world know this, and will act accordingly. That's how we've made it this far, and that's why we'll make it across the finish line. + +&#x200B; + +As one of the few self-made, down-to-earth elites, Ryan Cohen understands all this implicitly. /u/humans_being put it wonderfully in his earlier birdhouse post. This man deeply believes in the power of operating transparently and in good faith, to the benefit of his customers and the community. He doesn't need the money. I keep wondering why he'd un-retire to take on this responsibility. + +Boredom? + +Or maybe he wants to go down in history as the savior of the free world. + +&#x200B; + +**TLDR: I've seen governments dissolve firsthand for less egregious crimes. Buy, HODL, and have faith. This hole is so deep, the only way our nation maintains its footing on the world stage is a clear signal that retail CAN win. And Ryan Cohen's aim seems to be just that.** + +🙌💎🚀❤ +EDIT 5: This mainly applies to buy orders, so it forces them to stay on the open market. When selling, it's best to let Fidelity handle the trade for you, so that you get the sell price(keeping in mind to do a limit order, not a market order). The purpose of this is not to spread or appeal to FUD, but to help take ammo away from any shenanigans the SHFs can use against us. + +EDIT 3(Read this first): NYSE limits each trade amount to be blocks of 100 shares ort higher, however I've had a few users inform me that trading through ARCX(NYSE: Arca) and XNMS(NASDAQ) worked for them with orders between 1-10 shares, so I've updated the post accordingly. + +Steps below(click each step for reference pictures): + +1. [Download the Fidelity Active Trader Pro desktop app](https://www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview). This app is similar to Webull's desktop app. Only works on PC or Mac. Android users, you're out of luck and sorry iOS users, I don't know, but I assume the same since Fidelity does not list it on their site. +2. Once installed, open the app and login +3. [In the top right, click `Settings` → `Directed Trade`](https://gyazo.com/bc3f853dcc368838ec9d9bf05f1425a8.png) +4. Under `STOCK DEFAULTS`, change the `Default Route` from Default to [ARCX(the Market Indicator Code for the New York Stock Exchange(NYSE): Arca)](https://gyazo.com/f06f64a8b014f29714789ddcbc7bfdb5.png) or to [XNMS(The Market Indicator Code for the Nasdaq)](https://gyazo.com/071a54c6ba9ec8a68532a56de3b49545.png) + +The only stipulation, by my understanding, is that you now need to place all trades on the desktop app in order for them to be manually directed. If you trade through the phone app/website app, then I believe it defaults to Fidelity's Default which could take you through a Dark Pool. + +Also, the desktop app, is customizable, so feel free to lay it out in a manner that you're most comfortable with. [Here's how mine is laid out](https://gyazo.com/92b1e3577d988300573d0edade2ac2de.png) + +As always, please feel free to leave any questions/comments below. This is not financial advice, this is just me showing what I personally did to route my trades manually. you do you, boo. + +EDIT: The reason I suggested NYSE is because Fidelity does not support trading through IEX, so the next best solution is to route direct to another exchange. + +Edit 2: One user reported that trading direct to NYSE required blocks of 100 or larger... I'm unable to confirm as I don't have enough money to drop into GME right now, but if this happens to you please let me know, and maybe try selecting ARCX or XNMS and see if that works. Thanks! + +Edit 4: Looks like trading through ARCX allows Fidelity users to trade both in Pre-Market as well as After-Hours. This is ANOTHER huge advantage to using their desktop app, since the mobile app and website platform limit you to market orders. You're still bound by the +/- 50% rule, but at least you have more time with which to trade! +Well I'm a 22 year old male, I have no experience with investing. I guess I wanted to state this first just so people didn't describe things in too complicated a manner. The other day I read an article about a Japanese gentleman who had turned roughly $14,000 dollars in 8 years into $153,000,000 dollars through day trading. This obviously caught my eye because $13,000 is the amount of capital that I could expect to raise at my age, and that is a seriously big return on his investment. + +When I look at this subreddit however, I see people advising against day trading. If it's possible to make such big returns what is the problem? +I just want to say that I never expected, and I'm sure a lot of people never expected to see bitcoin shoot up so fast and so high, but to everyone who brought at 5k, and even at 6k, congratulations on the gains! I'm sure bitcoin's price will keep on growing as well as adoption increases and eventually should test a new ATH! (and alts will moon again soon too). Cheers crypto community :) +Looking for clues about the RC tweet. I think the biggest one we are all missing is the SEC hq is 4 miles away. It’s also right next to the pentagon but that’s a null point imo. Also crackdown has been moved out of alphabetical order. Crash is prominent (market crash) and the game drive behind him is out of place. The 4th line also reads surge, all America, trial rising. + +My guess is GAMESTONK has noticed the massive over voting and has marched direct to the SEC to force them to investigate. This coupled with the last few GameStop tweets is all the confirmation I need. Oh and just for the cherry on the cake. The restaurant at the entrance to the mall is match box. What do you need to light a rocket. Matches. + +Bullish as fuck. + +GME go brrrrrr + +🎲💎🙌💎🙌💎🙌🎲📈📈📈🚀🚀🚀🚀🪐🪐🪐🪐🪐 +**Good morning, here's my gap watch list:** + +**Gap Ups:** BFT, BLNK, CCL, CLSK, GBTC, GIK, GME, IPOC, LAZR, LCA, NCLH, PLUG, PSTH, RIOT, RMG, SBE, SKLZ, WKHS + +**Gap Downs:** FUBO, MNSO + +**Outlook/Game Plan:** What do you know, SPY gapping up. In the past month or so we have seen a host of unfavorable conditions for day trading. We have traded through extreme volatility, major gap days, consolidated range trading for the past few weeks and now another big gap day. I cannot wait to get this year behind us. I did like the action last week as far as day trading goes so hopefully we can get some follow through into this week. I'll be focusing on high volume and solid daily charts. Good luck trading + +\**I do not add stocks under $5 to this list. If there is a stock that is under $5 here then it was above $5 when I added it*\* + +*\*This is not my full watch List\** +Hi, + +I currently have 5 shares of GOOGL. Those will become 100 once the split happens on 7/15. + +Hypothetically, if I sold a way OTM call option on GOOGL (like 8/15 $4000), my main risk would be if it rose way past that before 7/15 and I got assigned early on the sold calls. At nearly 400k of exposure potentially or more, that's one hell of a risk (but incredibly unlikely IMO- then again, Nassim Taleb wrote a book about this kind of shit...) + +Obviously the option price would drop to compensate come 7/15, but I'd plan to close the contracts well before then. + +I've also considered doing this much closer to stock split time to really minimize the odds/risk and make a few extra bucks on my GOOGL shares. + +Has anyone tried/pulled this off before on previous stock splits? AMZN could also be a contender here. +Still learning, but I have a semi-dumb question. + +With SPY for example, what are the disadvantages for selling puts WAY below the current price? Aside from the price dropping to a ridiculous number, like a crash. In the snippet, people are putting in bids for these super low numbers, and the chances of SPY hitting this price is almost none. (Current price : $388.43) + +&#x200B; + +Edit : "chances of SPY hitting this price is almost none" I understand how ridiculous this sounds, but is hypothetical. Purely based on the odds of happening + +&#x200B; + +https://preview.redd.it/d1fje36w4g091.png?width=852&format=png&auto=webp&s=02bf732abeb6145df26a2ce9ecaebe1f584ac616 +https://www.cnbc.com/2020/10/29/apple-q4-cash-hoard-heres-how-much-apple-has-on-hand.html + +Apple now has $191.83 billion cash on hand, according to the company’s fiscal fourth-quarter earnings report released Thursday. + +Google and Amazon had $121.08 billion and $71.77 billion, respectively, at the end of the second quarter, according to FactSet. Microsoft had $137.98 billion at the end of its fiscal first quarter, according to FactSet. Microsoft’s first-quarter 2021 results were released earlier this week. + +Apple has continued to invest in Apple TV+ original content and new upcoming services such as Fitness+, which will offer fitness classes on iPhones, iPads and the Apple TV to Apple Watch owners. Fitness+ is set to launch by the end of this year. + +Thanks for the awards. +We need to stop saying that you don't own bitcoin if you don't control the private keys. + + + It's really really hard for the normal person (think parents, siblings, co-workers) to secure the private keys, and use bitcoin at the same time, cold wallets are easy, sure. + +My 2 cents +I'm not sure what the right format for sharing my trades is, but I like doing it and I feel like it keeps me accountable. I'll just post randomnly for now, but if you have suggestions I'd take them. + +The only trade I took last week was a NZDUSD short that proved to be a slow mover. It came really close to my stop loss, only to then reverse sharply and reach my target. It was a win, but if I have to consider the opportunity cost generated by my USD exposure limit, I'd consider it a loss because it kept me out of two other trades that would have hit target. I shared the analysis before so I won't repeat it. I'll however show you [proof of entry](https://imgur.com/MRN4Wck) and my updated [equity curve](https://imgur.com/4zgbDdV). + +Moving on to my current watch list, I am waiting for a potential trade on USDJPY, USDCHF, NZDUSD and EURUSD. Nothing is close to triggering yet so I'm just waiting for my alerts to be hit. The general idea is that I have a [slight upward bias](https://www.tradingview.com/x/CBTtht3O/) on the USD, meaning that I'll prioritize shorting everything against it. + +* **USDJPY** - [Link](https://www.tradingview.com/x/EKE8T9FH/) - I am waiting for price to return to one of the two demand zones marked in blue on the 4h chart. I will then drop down to the 1h timeframe and wait for either a fractal engulfing bar or a double bottom. This is my favorite out of the bunch, just because of the [non commercial positioning](https://imgur.com/sxlFlMk), which suggests that further downmove is to be expected for the JPY. + +* **USDCHF** - [Link](https://www.tradingview.com/x/TEWM2a23/) - Similar to the USDJPY trade, just not as pretty. I don't fully trust the demand zone at the origin of the current move just because of the low rate of change with which price came out of it. I much rather prefer buying this from the zone marked in blue, using the same logic as to the previous trade idea. [Non commercial positioning](https://imgur.com/undefined) also does not look favorable for CHF downward development. + +* **NZDUSD** - [Link](https://www.tradingview.com/x/aqbBw5uO/) - While I just exited a trade on this pair, my bearish bias is still standing and I am waiting for a retracement to one of the two supply zones marked in yellow that gives me a fractal engulfing bar to the downside or a double top. + +* **EURUSD** - [Link](https://www.tradingview.com/x/kFmnj49l/) - Same story as the rest (trading is not exciting, isn't it): waiting for a retracement to one of the supply zones that gives me an entry pattern on the lower timeframes. [Non commercial positiong](https://imgur.com/undefined) is in a timid agreement. + +Trade management is the same across the board: stop loss above the supply zone for shorts and below the demand zone for longs; target is at a fixed 1.2R. I reduce the stop to half if price reaches 75% of my target, and I give myself the discretion to extend the target slightly or reduce the stop loss before the 75% is reached depending on how I perceive momentum to be. Sharp momentum against me would cause me to look for an early exit, while strong momentum in my favor gives me a reason to target further. +Hey everyone, long time lurker here. I'm a Finance/MIS student with experience in equity/crypto markets, and now looking to be profitable in forex and to contribute to this community. + +I have put together an argument for why the EUR/USD will be headed lower for the rest of the year and perhaps into 2019. There are both technical and fundamental aspects that will be presented, with an imgur album attached with a 4H, 1D, and 1W chart. The daily chart is attached with the post. Let's get started! + +Technicals: + +1. From a 40,000 ft. perspective, the weekly chart presents a price channel going back to 2008 that the pair has traded in. In early 2018, the uptrend of 2017 halted and then reversed from the upper bound of the channel, while at the same time breaking downwards out of a symmetrical triangle formation - a clear reversal formation. +2. On the daily chart, we have the 50 day SMA crossing the 200 day SMA on June 6, the first time this has happened since the beginning of an uptrend in May 2017. +3. There is a potential descending triangle forming, which is labeled on the daily chart. There have been two overhead rejections, and two bounces from the supply zone. On the first bounce labeled "1", there was a bullish engulfing candle that failed to generate a significant rally - then on "2", there was not nearly as much buying pressure present off the bounce, signaling a likely continuation of the downtrend once the triangle is broken. + +Fundamentals: + +1. The Fed is further along than the ECB when it comes to raising rates. The U.S. economy continues to experience strong growth in almost all sectors which has led the Fed to steadily increase interest rates. On June 14th, the ECB announced rates would remain unchanged which led to a bearish reaction for the EUR/USD. +2. While the U.S. has been no stranger to political instability, the EU is increasingly being affected by eurosceptic forces. The Italian populist government recently gained power and is implementing anti-EU policies and has considered dropping the Euro/leaving the Eurozone. Angela Merkel could potentially be ousted as Chancellor and thus the de factor leader of the EU over migrant policies. + +The trade, and where it could go wrong: + +I will open multiple trades after a retest of the supply-turned-demand zone at 1.151, with take profit levels outlined by the gray zones and the black line representing the height of the descending triangle. Trade wars, a downturn in the US equity market, and the de-dollarization in the world financial system are the three big threats to this thesis. If you have advice, opposing views, or just want to tell me I'm wrong, please let me know. Thanks! + +[https://imgur.com/a/mfzvquG](https://imgur.com/a/mfzvquG) + +https://i.redd.it/8qgds8j600611.png +I'm really sorry If this has already been covered. I checked out the amazingly useful 'Hall of Fame' threads and if anything I am left with more questions on how I can use bonds to aid in direction. I understand that this will not be a holy grail and I am certain it may have its limitations but I would like to know how you guys use it. For example, I have been looking at doing the following: + +&#x200B; + +https://i.redd.it/tiwroaf3q6y11.png + +&#x200B; + +I've been doing this over the last week to see if there is any correlation but I feel my knowledge is lacking and/or I am going about it the wrong way. Today I traded the GBP/USD long and made a profit but if I had followed my bond analysis I should have gone short (and would have lost capital). + +TLDR: I would like help understanding how I can use bonds in my overall analysis of the pairs. + +Edit: The title should have been... **Please clarify how you use bond yields to aid in \*your\* analysis?** +I'm a new trader and the past few weeks have been good to me. However this week has been a complete shitshow and it's really knocked my confidence in my strat. Obvs I know the world is going crazy right now but is it really effecting the pairs that much? Are any of you waiting this out? As I feel like I should to save my capital. Or do I just need to relearn a strat? Thanks +hi all! so two weeks ago i setup a demo account, and have since been using a scalping strategy that is about 95% accurate on a $200 demo account. I grew the $200 into $320 in four days with lot sizes of 0.01-0.1. I'm curious if these are realistic expectations for when i start using a live account this coming week. Thanks! + +edit: screenshots! https://m.imgur.com/a/hnATwLk +I'm a complete beginner and I'm doing a Udemy course to learn the basic fundamentals. I'm perfectly aware it takes years to become a good trader and learning the fundamentals is less than 1% of the journey. I'm not really sure how to go about it though. Does anyone have any advice on how to grow as a trader as efficiently as possible after learning the fundamentals? + +I'm not looking for a get rich quick scheme, rather I'm looking for some side income 5-7 years down the line so I just want to learn about Forex properly no matter how long it takes. +I'm not sure what the right format for sharing my trades is, but I like doing it and I feel like it keeps me accountable. I'll just post randomnly for now, but if you have suggestions I'd take them. + +The only trade I took last week was a NZDUSD short that proved to be a slow mover. It came really close to my stop loss, only to then reverse sharply and reach my target. It was a win, but if I have to consider the opportunity cost generated by my USD exposure limit, I'd consider it a loss because it kept me out of two other trades that would have hit target. I shared the analysis before so I won't repeat it. I'll however show you [proof of entry](https://imgur.com/MRN4Wck) and my updated [equity curve](https://imgur.com/4zgbDdV). + +Moving on to my current watch list, I am waiting for a potential trade on USDJPY, USDCHF, NZDUSD and EURUSD. Nothing is close to triggering yet so I'm just waiting for my alerts to be hit. The general idea is that I have a [slight upward bias](https://www.tradingview.com/x/CBTtht3O/) on the USD, meaning that I'll prioritize shorting everything against it. + +* **USDJPY** - [Link](https://www.tradingview.com/x/EKE8T9FH/) - I am waiting for price to return to one of the two demand zones marked in blue on the 4h chart. I will then drop down to the 1h timeframe and wait for either a fractal engulfing bar or a double bottom. This is my favorite out of the bunch, just because of the [non commercial positioning](https://imgur.com/sxlFlMk), which suggests that further downmove is to be expected for the JPY. + +* **USDCHF** - [Link](https://www.tradingview.com/x/TEWM2a23/) - Similar to the USDJPY trade, just not as pretty. I don't fully trust the demand zone at the origin of the current move just because of the low rate of change with which price came out of it. I much rather prefer buying this from the zone marked in blue, using the same logic as to the previous trade idea. [Non commercial positioning](https://imgur.com/undefined) also does not look favorable for CHF downward development. + +* **NZDUSD** - [Link](https://www.tradingview.com/x/aqbBw5uO/) - While I just exited a trade on this pair, my bearish bias is still standing and I am waiting for a retracement to one of the two supply zones marked in yellow that gives me a fractal engulfing bar to the downside or a double top. + +* **EURUSD** - [Link](https://www.tradingview.com/x/kFmnj49l/) - Same story as the rest (trading is not exciting, isn't it): waiting for a retracement to one of the supply zones that gives me an entry pattern on the lower timeframes. [Non commercial positiong](https://imgur.com/undefined) is in a timid agreement. + +Trade management is the same across the board: stop loss above the supply zone for shorts and below the demand zone for longs; target is at a fixed 1.2R. I reduce the stop to half if price reaches 75% of my target, and I give myself the discretion to extend the target slightly or reduce the stop loss before the 75% is reached depending on how I perceive momentum to be. Sharp momentum against me would cause me to look for an early exit, while strong momentum in my favor gives me a reason to target further. +Hey, + +I'm a journalist at Vice, currently writing about influencer forex scams. I tried forex myself and wrote about encountering some scammers earlier this year - [https://www.vice.com/en/article/jgexk3/forex-trading-help-tips-make-money-online](https://www.vice.com/en/article/jgexk3/forex-trading-help-tips-make-money-online). I'm now writing another piece specifically about influencers and reality celebrities offering signals/ trading groups etc on Instagram and I'm looking to speak to people who have been caught out by them. I'm hoping that sharing these stories can stop other people losing out and also put some pressure to stop unscrupulous behaviour by certain celebrities who should know better! Get in touch if you're interested in chatting - either reply here or feel free to message me if you'd prefer. + +Cheers! + +Hayden +In the 48 months of Obama's second term, the average monthly job gain was 217,000. In Trump's first 18 months, the average monthly job gain has been 190,667. That's a decrease under Trump of more than 26,000 jobs per month. Here are the Bureau of Labor Statistics records showing this: https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth +Russia is obviously lining up troops near Ukraine for something other than military training. Europe gets about 30-35% of their natural gas from Russia, have US step in and undercut Russia, then sanction them and further destroy their economy. Russia is not China and shouldn’t be treated like it can damage the world economically like China. +I don't pretend to understand the financial system, but suppose an emergency occurs like it did in 2008. What's the likely outcome, short of an apocalypse? Would the government bail out Wall Street? Are we talking about another great depression? +I'm considering buying some NDQ but I notice this has a MER of 0.48% which is quite high. + +From what I can see, QQQ is an equivalent ETF where you buy the NASDAQ 100 directly. The MER for that is only 0.2%. + +This is stock that I plan to buy for the long term (think 20+ years). I know it's more expensive buying US stocks directly (for instance, Stake charges a 0.7% FX fee) but wouldn't this be worthwhile if I did this instead of paying 0.28% extra every year? + +Is my logic right? +A few friends have told me Athena home loans is not doing well financially. Is this true? Not sure what to make of it and not sure what's the truth. For what it's worth i really like them. +Hey everyone, + +Quick background, got a job at Maccas on my 14th birthday, worked there for about a year, saved about $4500 (put it in a HISA), then quit cause I'm in Europe now on student exchange. + +I've been looking into starting up a small business (like dropshipping) but I'm not really convinced its efficient. I am also looking into investing (day trading or small penny style stocks) but its quite hard to teach myself (school, resources etc.) and to make accounts cause I am under 18. I am wondering if anyone has any opinions, I have some time and self-discipline but I just need to start somewhere + +BTW: I don't have a lot of money left in my savings cause of travel. +By now I'm sure most people on this sub have seen the news that New Zealand has increased its cash rate by 0.25% ([https://www.bbc.com/news/business-58812068](https://www.bbc.com/news/business-58812068)) and I wanted to find out peoples opinions and thoughts on when they think Australia will follow suite. +Hey everyone, + +I thought I'd show you some of my Due Diligence process. No process is perfect, I'm not an expert so don't take this as advice. This isn't my full process, I'll expand further in future posts. + +I'll be looking at **Apple** in this case, just for the sake of this post. + +https://preview.redd.it/yzb7um69j3671.png?width=2838&format=png&auto=webp&s=2442d4e463df0c3769847a9fb51920a486849774 + +# Profile + +It may sound silly but making sure the company you're looking at is real is a big part of Due Diligence. It's a quick and easy thing to verify that can save you a lot of headache later on. + +**Go through all the basics:** + +* Where is the company located? +* Who are the Key Executives? +* Look through their website +* Find out what they do +* How many employees do they have? +* News Articles +* Insider Trades: Who's making them? + +https://preview.redd.it/eslo6un9j3671.png?width=2830&format=png&auto=webp&s=7dfadfa524d437c53a20ec7bdc92b56d26b310a7 + +https://preview.redd.it/vtju49z9j3671.png?width=2852&format=png&auto=webp&s=cdffa78864ea86fdfdb0a1c4c1eb019171367693 + +# Financials + +This part is harder to explain since each of us have certain criteria when looking through financial data. But regardless of what you consider most important, it's essential that you understand these reports. Spend time looking through the numbers, ask yourself questions and get a feel for the financial health of the company. Is it investing more? Are margins improving? Are their cash reserves sufficient to cover debts? Go through everything. + +**Financial Statements:** + +[Annual & Quarterly Financial Statements](https://preview.redd.it/h8l3k3yaj3671.png?width=2843&format=png&auto=webp&s=3fcee4424377187f6ad4e08669b5dc4d68b3333f) + +[YoY & QoQ Growth](https://preview.redd.it/u57h59yaj3671.png?width=2840&format=png&auto=webp&s=1887c931e649ec3fe59e793c4c80c6ad723e5766) + +**Ratios & Metrics** + +https://preview.redd.it/28lgfoxaj3671.png?width=2853&format=png&auto=webp&s=3cb9610273f2446bae9e29cde0e25635d8581203 + +**Analyst Estimates, Upgrades / Downgrades and Historical DCF** + +I like to take a look at what **Analysts** predict will happen in the next couple of years. There are just predictions of course so take them with a grain of salt, but they can help. **Upgrades / Downgrades** are useful as well, Investment Banks have large teams that work on these ratings. Lastly a look at **current and Historical DCF figures** helps me see how the market has and is **valuing the company compared to it's fair value based on fundamentals.** + +https://preview.redd.it/tzug2kecj3671.png?width=2833&format=png&auto=webp&s=73d08d94c14360366670ef7796ae43aade75ba91 + +https://preview.redd.it/31pc8kecj3671.png?width=2839&format=png&auto=webp&s=579b8efafdc14ccc113b9fe9e4641eb3153f45df + +# Fundamental Analysis + +This is the most important part of my process. Now that I have looked at the various financial data I like to put it all together to see how it all fits together as well as seeing YoY or QoQ growth. By combining my favorite or go-to data points I can often find patterns or at least make connections that may support or go against my thesis. + +https://preview.redd.it/jv9pk6tcj3671.png?width=2847&format=png&auto=webp&s=860b039dd3023e969f819c42fbc853f85ba72519 + +# Documents + +Reading through SEC filings (10K's, 10Q's, Proxies, Prospectuses etc) as well as Earning Call Transcripts are essential parts of my process. So much amazing information can be found in these filings. It takes a little patience but it's most definitely worth doing. + +https://preview.redd.it/rtl1ybddj3671.png?width=2849&format=png&auto=webp&s=796606df2a92a337d86c9060e22f05e3f447ca9b + +# Ownership + +It's always good to know which Funds and Institutions own the company you're looking at. When did they buy share? How many? At what Price? + +https://preview.redd.it/rul094qdj3671.png?width=2816&format=png&auto=webp&s=a5060f5546e9d04b205024eb727a08da3ade38a7 + +# Price Charts + +I look at price charts to find any large fluctuation in price. I then find out when the large moves happened and go back looking for articles, press releases, social media posts to try and understand what caused them. This helps me understand what has historically effected the price of a company so that as I track and monitor it I can hopefully spot things in advance. + +https://preview.redd.it/clq3ca5ej3671.png?width=2833&format=png&auto=webp&s=e597202e5ba022d313962ec971b4b61080811259 +According to datamish.com, you can visually see the price impact as shorts are piled on, making up nearly 35% of total positions, and you can see how the price stabilizes when these positions stop increasing. + +I don't know if there's some sort of huge expiry happening near the end of the month today, but it looks like the price is being manipulated to stave off losses for existing shorts or cause max pain to some of the longs with greater weight. + +Might be a good time to buy a chunk of BTC if you've got an appetite for risk lately, especially considering the bullish news and likelyhood that microstrategy and other companies will be purchasing near these prices. + +Edit: Using the same Info I would also like to point out that the vast majority of these shorts remain unhedged, almost guaranteeing price movement at time of expiry (Obviously I can't say to what side, gotta ask the magic conch for that). +I really love this sub & getting a chance to hear about how other people are taking steps towards FI. My favorite part is discussing the now vs later tradeoffs we all make. This is one of the best places to hear a wide range of opinions - each of which causes me to think a little more about my options & how I'm approaching them. + +Lately there has been an increase in threads that are basically just asking for the 101 course. I think that is great and am excited they've discovered FI so early in life, but the threads are a bit repetitive. + +Maybe we come up with a wiki 'FI 101' post and point them to that rather than surfacing those threads up to the top every time. That way the front page could focus a bit more on new and unique threads with broader general appeal. + +Once again - nothing against those people who've just discovered FI & want to get started - I think their and our needs would just be better served by a static page since the responses are almost always the same. +More than 40% of Warren Buffett's portfolio consists of bank/lending stocks like WFC, BAC, etc. The exact breakdown is [here](https://hedgefollow.com/funds/Berkshire+Hathaway). + +With many bank stocks falling recently, anyone buying on the dips? Several pay a nice dividend so a long term investment seems tempting here. +I know interest rates are a concern and spreads are tight, but in this economy borrowing volume should still be good. +Always surprises me what moves crypto, stupid tweets by Elon and Chinese regulation rumors cause massive price swings but strong evidence of mass adoption and its like nothing happened? maybe we just need america to wake up? +I have a loan that I could pay of but it's kind of hard for me to go thought with it because I think it would be better to invest the money in dividend Stocks. +If next year inflation gets even worse wouldn't it be better to have the money invested the to pay of a loan? + +Edit: sorry interest rate I'd something below 3% fixed +http://www.businessinsider.com/things-everyone-should-know-about-investing-and-the-economy-2014-12 + +From Morgan Housel - normally don't like things that aren't actionable, but this collection of quotes is a great 101 for every level of investor (not trader). Some of these you will say "duh, that's obvious", some of these you will disagree with, some you will say "where's the evidence?", but they should all give you something to think about regarding the nature of the markets and investing. + +A few of my favorites: + +7 There is a difference between, "He predicted the crash of 2008," and "He predicted crashes, one of which happened to occur in 2008." It's important to know the difference when praising investors. + +8 Investor Dean Williams once wrote, "Confidence in a forecast rises with the amount of information that goes into it. But the accuracy of the forecast stays the same." + +26 James Grant says, "Successful investing is about having people agree with you ... later." + +27 Scott Adams writes, "A person with a flexible schedule and average resources will be happier than a rich person who has everything except a flexible schedule. Step one in your search for happiness is to continually work toward having control of your schedule." + +40 Since 1871, the market has spent 40% of all years either rising or falling more than 20%. Roaring booms and crushing busts are perfectly normal. + +52 There is a strong correlation between knowledge and humility. The best investors realize how little they know. + +62 Try to learn as many investing mistakes as possible vicariously through others. Other people have made every mistake in the book. You can learn more from studying the investing failures than the investing greats. +I'm a cheapskate and follow the Financial Independence/ FIRE communities. Wife and I both 30 and doing reasonably well. + +We're having a baby early next year and I feel like buying for a new baby is like weddings: companies will tell you everything under the sun is absolutely essential, anything less than £2000 for a baby stroller is child abuse, and will take as much of your money as you're willing to spend. + +Is there a guide anywhere for the best/cheapest baby equipment? One that quickly explains what are the essentials, what we can do without, etc. and some suggestions according to budget/location +This is a long post but I really, really, really appreciate any advice. If you want the short story skip to the end. + +I am 25, a (E-4) soldier in the army, married and have a mother sick with Lyme disease. + +LONG STORY. + +About 4 years ago I enlisted in the army to pursue my aspirations of becoming better than I was. I was aloof in life and needed some refinement, direction and skills. My family was also broke so college wasn't in the cards at the time. Once I left for OUST (Infantry basic training) my communication was limited for months with the outside world and unknown to me, my mother was diagnosed with Lyme Disease. She mentioned it in passing but she never pressed that it was anything to be worried about. And honestly, I didn't have the luxury to think much about it. Once I graduated from Airborne school I moved to Ft Bragg and started another period of training. All the while my mothers health is degrading. In my free time I would call my mother and little sister to see how they were and if I could, I would hop a flight and go visit them. When I would visit my hometown I would stay with my girlfriend's family's (now my wife) house. Neither my sister or mother would let on how bad my mothers health was becoming when we would talk. When I would visit them in person my mother would look a little different but not enough for me to worry past her explanation. + +As my training progressed, my mothers health got even worse. During this time I began to notice a difference in our conversations. She was stumbling over her words and becoming confused more frequently than was healthy. My little sister was beginning to show signs that something was really going wrong at home. I was in one of the final phases of my training when I went home for Christmas Exodus to propose to my girlfriend. The proposal went perfectly and most of Christmas went really well. In the last few days before I left to return to post everything that could go wrong, did go wrong. + +My extended family (who knew of my mothers health and were helping support her) crumbled. My Grandfather's Dementia took a drastic turn for the worst and my grandmother was rushed to the hospital with congestive heart failure. The drastic blow to the health of my family's patriarch caused old family issues to explode and some nasty family politics occurred. My mother was completely cut off, financially and emotionally from the rest of her family. All at once. With that, the responsibility of taking care of my mother in her failing health crashed totally on my shoulders. + +My mother was sick; she couldn't drive, she couldn't work, less than a month of savings and she had zero income. Even worse my little sister who was 15 at the time was failing school and crumbling under the weight of responsibility of caring for our mother. Our father (divorced) wasn't completely out of the picture but suffice to say that he made things worse, not better. AND I was stationed 700 miles away and in the middle of training that consumed my life. My fiance was doing her best to help out now that we were privy to how dire the situation had become but she was also in college and working so her time was greatly divided. + +Needless to say I was overwhelmed. + +I attempted to resume my training but I could not focus properly on my studies and attempt to find a resolution to the problem of my mother's life situation. So I withdrew from the course. I spent the better part of 9 months driving back and forth between post and my mother's house every weekend to work a plan. My mother was completely overwhelmed by her health, family issues, financial problems, just everything everything, that I was given a Durable Power Of Attorney to take care of everything. During this time I was also gathering the medical paperwork, personal testimonies, and other miscellaneous paperwork the Army needed for a Compassionate Reassignment to a military post closer to my home town. + + On one of my visits I evaluated her financial situation and realized that she couldn't live the same life. Her house was in shambles, a complete wreck. It would need restoration to get any equity out of it. So I began to restore her house. I went from the foundation to the roof restoring that house. In 9 months of weekends I completely replaced both bathrooms, refinished 1,000 sq ft of hardwood floors, replaced and reinforced the floor joists under the kitchen floor, replaced the kitchen floor and sub-floor, painted every single wall, put up 700 ft of crown molding, used 16 tubes of caulk, and a ton of landscaping. All of our supplies came from liquidators and craigslist. We paid the bills with my paycheck, garage sales and auctions. + +This was my engagement. My fiance and I spent nearly every evening I was home covered in drywall dust and paint just trying to get the house done, on the market, and off our hands. + +Once the house was restored we put it on the market and discovered that our hard work and increased the house price by $80,000. In those months we invested about $11,000 in supplies and some paid labor. Mostly it was a lot of sweat and tears. We got a full asking price on the first day it was on the market. During the inspections mold was found in the crawlspace and it cost us $11,000. But we sold it. I walked away with $168,000 in equity. + +I signed the papers to close on the sale of my mother's house with a P.O.A. on my honeymoon. + +Now here comes a point that I am not proud of. In the space of 17 months my mother and sister have burned through roughly $90,000. I did my best to regulate their spending but I was in Georgia for the first 8 months after the sale to re-class to a different job (MOS) in the Army so that I could actually move to the Military post closest to my family. A decent amount of money was the actual cost of packing and the actual move that I could not be there for. Also their storage units were $4,000 a year. So I purchased a 40' shipping container and dehumidifier for $2,700 and put it on my property to save money. I rented a house for them in the same area that their old house was in so that my little sister wouldn't be completely uprooted and my mother would still have some amount of a supportive community. But that rental cost us dearly because the area had a decently high cost of living. With a sick woman and a pretty teenager I didn't want to move them to a cheaper, more dangerous area. Especially without me there, I was worried about them. My mother was pretty close to suicide and my sister was about to run away to become a ward of the state. + +My new wife was not allowed to come with me to Georgia so we spent our first 6 months of our marriage separated. During that time she was able to help my sister get back on track with school and came to visit me periodically. While in Georgia I took $50,000 and began to invest in ETFs on the stock market and was fairly successful with it. Simple day trading. Albeit a bit reckless in hindsight but it paid their bills for a while. Now I just don't have the time to invest in watching the stock market and the stress was awful. +But once I got through the time in Georgia and moved to the closest post, life kinda began to level out. I bought a house and finally got to live with my wife. + +But the good part: right now my little sister is about to graduate high school with full ride scholarships to 4 schools for academics and athletics! She is now 18 and has a good head on her shoulders. She is moving out and going to be just fine. My mother's health is better, just barely, but still better. And relations with our extended family have begun to heal. I am now stationed within 2 hours of them and I live in a house that I own with my beautiful wife. My mother currently lives with some friends in their upstairs suite to save money while we make a long term plan. Now that my sister is well taken care of, my mother can now focus wholly on her own life and welfare. +Its time for me to make my next steps. + + +SHORT STORY. + +I do not have a lot of time to make this work. + +I have roughly $75,000 of my mothers money to secure her future. +I live in a great housing market with many real estate opportunities. +I am making her my dependent under DFAS so she can be on my healthcare. +I will ETS in about a year to return to school with my G.I Bill to pursue a career in the medical field and commission as a medical officer. +I will be traveling for 8 months out of the next 12. + +I need to stop the bleeding of my mothers money. +Currently my mother is just bleeding money. I have her on a strict budget of $1,300 until we can establish a source of income. +My mother was initially denied Disability but we are still perusing it and it's looking better this time. +On her "Good days" she is beginning to look into getting some type of online job. Not much but any little bit helps. + +I looked at buying her a tiny house so that I could put her on a property that was already being rented by a tenant. And if she doesn't live in the tiny house I could rent it as an AirBNB or something like it. The problem is that tiny houses are crazy expensive, loans are not simple and it seems like a waste of capital when compared to property. + +I need an income of $1,500 to keep her stable and even start saving. + Long term, if her health gets worse I will build her a house on my property once my wife have found our place to settle down. + +I have a couple plans depending on what opportunity arises first: + +- OPTION 1 is to by a small property that would have a low enough mortgage that it could be covered by another investment house being rented as corporate housing. +- OPTION 2 is to buy a duplex so that the mortgage and utilities is basically covered by tenant and have a second investment house to rent. +- OPTION 3 is to have her live in a small property and rent a duplex. + +I need a place for her to live that is not in my house. and an income she can reasonably live off of and even save money. + +My personal budget for post ETS looks good. I will be making $2,500 more than I currently make. The problem is my current time crunch to make this work. + +I have had to dive head first into everything I have mentioned in this post over theses last few years just keep everyone afloat, so I know that I am over my head. Any advice would be helpful. + +EDIT: My mother lives in Tennessee if anyone wanted to know for healthcare and Lyme doctor purposes. + +EDIT: Yes, my mother actually has Lyme disease. We have tons of blood work with positive test results. Once she tested positive for Lyme the Doctors looked at her records and apologized because all of the symptoms she has had over the last 30 years could be traced to Lyme. They said she has probably had it since she was a young adult. +Any rally in the stock market should be taken an as opportunity to sell as investors are facing a convergence of risk factors that will pose outsized risks to the market, Morgan Stanley analysts wrote in a note on Monday. + +The Federal Reserve is unlikely to deviate from its path of raising interest rates this year, even as pressure on the economy mounts, analysts led by Mike Wilson wrote. The biggest risks will be seen over the next six to eight weeks, they said.  + +"We are firmly in the grasp of a bear market that is incomplete in both time and price." + +The bank pointed to the increase of risks to growth, spiking oil prices, and headwinds from the war in Ukraine paired with the Fed's commitment to tighter policy as reasons the bear market could deepen futher.  + +Source: Business Insider - Phil Rosen + +Edit: just to be clear, I'm not encouraging following the above advise. +Like title says. My wife started a new job about five months ago working at a telemarketing firm taking calls for GM onStar. The offer letter she received stated that she would be making so much per hour during training and then her pay would go up $.50 once she started taking calls. Well flash forward to present day and the extra $.50 hasn't been added. She's been taking calls for months now. She talked to her supervisor and he said he would look into it. Didn't hear anything back so she contacted HR. HR told her that the recruiter made a mistake and they're unsure if she's going to get that extra $.50. They asked her to submit her offer letter that stated that, which she did. Now they're still giving her the run around. What would be her best path forward? + +Edit: Thanks for the advise. After some more communication with HR this afternoon they said they will have a response in 24-48 hrs. +Good evening all, I created a new account just to ask this and I've been floating around this sub for a while now. I have been in IT for 18 years now (my entire adult life) and I know a lot of you are looking for possible career opportunities to better help ends meet etc. + +I have helped countless friends get into IT by coaching them on the fundamentals of helpdesk level work and also on advancing their skill sets beyond the helpdesk. + +Would any of you be interested in Free IT Lessons geared toward the knowledge I feel is key to breaking into the IT field? I'd put them in Youtube and obviously they'd be free. I have literally no content at the moment and I just genuinely enjoy tech and helping people learn it so if there's some interest that's perfect and I've already been considering the lesson plan for a while now I just haven't had the motivation to begin creating the content. + +In the meanwhile, until I begin creating video courses, please feel free to reach out to me with questions about the field and I'll do my best to answer anything I can. I just feel like I should do more to help others and to be perfectly honest, this is a subject matter I feel like I am an expert on and can provide help to a lot of people if people would like. +My wife has wanted children since she was a teenager. We've been married for over 3 years now and she consistently brings up wanting kids and how she feels like I don't want them. I've looked into what it would cost and talked to a couple people, but I just don't really see how to make it work. One friend I talked to said they had their kids basically for free because he worked and his wife didn't so they had Medicaid. Other friends that my wife sees having kids are off buying homes, easily in the 3-400k range so based on that I can safely assume they're making about 3x the money that I do, 2x my wife and I's income. I've seen averages that pre-birthing costs run between 4 and 7 thousand dollars, and that the birthing itself can easily break 10k. We have $500 in our savings account, slowly building, and some CC debt and student loans we're paying off. The options I currently see are either losing jobs and lowering our income to quailfy for Medicaid, and gain debt because we can't pay other bills, or end up with a mountain of debt just to have the kid, and then barely scrape by because of medical bills. I grew up in poverty and don't want to raise my children in that situation, so I really don't want to have a kid until it seems more feasible financially. I get that things won't ever look super appealing, but I figure things can look at least a bit better and less life destroying. How do people in a semi stable state afford having kids? +Would it make sense to throw say $10,000 into RRSP January 1 to bring down your taxes and get high tax return and then move the $10,000 into FHSA right after so you can use it towards buying a new home? Instead of just putting the $10,000 directly into your FHSA right away? +A common quote I see is something about how some youtuber says Dividends are irrelevant. I never agreed with this advice as a Canadian investor, and the more I learn the more I think some great advice out of the American market might need a grain of salt up here. I wanted to make a thread to challenge my Dunning-Kruger thoughts and see what others think. + +Overall, Canada lacks many industries and has a severe lack of growth companies, which causes a lot of growth stocks to become quickly over valued. Canada's economy actually has it's strengths lie in it's established markets - banking, energy, telecomes, and infrastructure - all yeild high dividends and have long histories of making money and paying out to shareholders without losing on growth. + +Which leads me to the thread topic. ETF's offer a convenient way of diversifying your portfolio. However if you wanted to save the MER and manage your own portfolio, my argument is Canada is far less risky than the American markets due to how our economies are structured. + +For example, looking through many ETF's they all seem to hold the same core stocks as large % of portfolios that I listed above. Most ETF's hold most of the big 5 banks, several oil companies, maybe a railroad, one of Telus or Bell, etc. Compare that to American economy which see's most of it's value from growth stocks, ETF's there actually provide real value in screening out thousands of stocks and providing a good balance of growth and established assets. + +I am not saying growth stocks in Canada are a fools errand, but I do think overall, you can replicate 70% or more of most Canadian ETF's yourself and have a high confidence level because these same companies compromise the core of most market ETFs. What is the argument for not holding these companies yourself and only lose MER on growth ETF's to screen riskier growth stocks? +I've invested in some stocks through my TFSA. They've taken a pretty big loss since (didn't sell). I'm confident in a recovery but I bought in at a pretty high price. + +I've read some people on forums "averaging down". + +Is that simply buying more of the same stocks at the current lower price? + +I apologize if this is the wrong sub. +Currently 18, I was always interested in stocks and the number one thing I've heard across all these subreddits/youtube/tik tok/ boards is to "Buy VOO/blue chips and then wait. Just wait decades and you'll see the results". + +And I wholeheartedly believe and understand that. I have like $900 in VOO alone and like $500 split among some big tech companies (NVDA/AAPL/GOOG/MSFT). It's not much but I figure I would start now. + +But what happens after I've waited, and kept putting money into my portfolio? Like when I'm 40 and I see what my patience has given me, what do I do then? Do I sell it all? Some of it? + + When do I actually get to use this accumulated money? And what should I use it for? +If you are on reddit bitcoin, maybe you are new to bitcoin, maybe you are considering putting in more $. Here are some thoughts of a random 38 year old. + +1. Are you still early? Super early? No. Early? Yes. The vast majority of people I know own zero bitcoin. I know people with real money who say "tulips". There is NO etf, and only 1 S&P 500 company that owns it. I personally know about 30 people with net worth above 500k. ZERO have more than 10% of their net worth in btc. For those that own it, we are talking between 3-10,000 worth. +2. The dollar will NOT crash. I've heard this for a long time. The dollar is a measurement against other garbage currencies. I expect the dollar to stay in the same range for a long time. I do believe the dollar structurally crashes in about 20 years-we are far from this. +3. Humans always chase. Let me repeat: humans always chase. 2017 crypto, 2007 housing, 2000 dot com. Those are the ones people talk about. How about fracking in North Dakota and Texas? People that took out loans to buy trucks and make money like water flowed and then lost it. The miami real estate bubble in 2008 was insane-we are talking about people flipping condos that the development had not even broken ground on. How about some of the NFTS? People ALWAYS chase. +4. There are 5 things that will make btc go up: expanding balance sheets of central banks, more stimulus, rate cuts, institutional adoption, and the etf. I think this year brings a future based etf and next year more rate cuts as the economy, worldwide, is slowing. Taper is the new rate cut. So they have to taper AND raise rates...lol not happening. +5. My belief is getting to 1 coin, or 2, is enough for the vast majority of people. Can people try to get to 10, 20, etc? yes, of course. However, if bitcoin goes to a path to 500k, then a million, it will be more than enough for most. Why? They can borrow against it or lend it out and use it as a 3-5% bond. +6. I think trading is an art most lose money at, me included. The siren song of trading futures and leverage-most people I know with money are firm in their STAY AWAY stance. Bitcoin is an 80 volatility asset. The S&P is 10. There was a $1,000 swing in 1 hour today. Most people with leverage lose $. Most, not all. I think trading makes sense when you have hit your goal. Your goal is your goal alone. +7. Your friends, co worker, boss, and family might ask you how much btc you have. I'd significantly understate it. Why? Most humans are jealous. It's not evil-people are interesting creatures. Let's say you have 5 btc. Let's say btc goes to $10,000. A lot of people will call you up, mock you, etc. However, lets say btc goes to $200k. You now have a million dollars. You will attract a lot of unwanted attention. Also, it might ruin your friendships (c'mon man, my radiator is down and work is slow, it's only $600, you have 5 btc!"). Look at a lot of young adult men who get quick money-it's gone fast. Also, people knowing you have money is actually a safety issue. +8. Keep your job until you feel secure. I see a lot of people trying to gloat. Why not keep your job and build your stack? +9. Unpopular opinion, but bitcoin or being rich won't make you happy. There are a lot of miserable people with a LOT of money. I think the vast majority of people on CT are actually unhappy even if they have tons of money and luxury goods. +10. As a real estate person, I have been convinced that at this point, real estate is a worse bet than bitcoin. here's why: + +ROI= equity gained / down payment. + +The only way to max out this formula is to put as little down as possible. + +However, there are 2 types of real estate and why they go up. Non luxury is only going to keep going up because of money printing and lower rates. If this happens, btc skyrockets. Luxury does this and because it's very scarce and the demand for luxury will greatly increase-however, to go after luxury real estate, at least in the US, starts are 2 million, and realistically more like 3. This means you are paying in most places 2-5k a month in taxes alone. Let me repeat-2-5k in monthly taxes alone. Unless you have tons of liquidity, my bet is btc. +If you are on reddit bitcoin, maybe you are new to bitcoin, maybe you are considering putting in more $. Here are some thoughts of a random 38 year old. + +1. Are you still early? Super early? No. Early? Yes. The vast majority of people I know own zero bitcoin. I know people with real money who say "tulips". There is NO etf, and only 1 S&P 500 company that owns it. I personally know about 30 people with net worth above 500k. ZERO have more than 10% of their net worth in btc. For those that own it, we are talking between 3-10,000 worth. +2. The dollar will NOT crash. I've heard this for a long time. The dollar is a measurement against other garbage currencies. I expect the dollar to stay in the same range for a long time. I do believe the dollar structurally crashes in about 20 years-we are far from this. +3. Humans always chase. Let me repeat: humans always chase. 2017 crypto, 2007 housing, 2000 dot com. Those are the ones people talk about. How about fracking in North Dakota and Texas? People that took out loans to buy trucks and make money like water flowed and then lost it. The miami real estate bubble in 2008 was insane-we are talking about people flipping condos that the development had not even broken ground on. How about some of the NFTS? People ALWAYS chase. +4. There are 5 things that will make btc go up: expanding balance sheets of central banks, more stimulus, rate cuts, institutional adoption, and the etf. I think this year brings a future based etf and next year more rate cuts as the economy, worldwide, is slowing. Taper is the new rate cut. So they have to taper AND raise rates...lol not happening. +5. My belief is getting to 1 coin, or 2, is enough for the vast majority of people. Can people try to get to 10, 20, etc? yes, of course. However, if bitcoin goes to a path to 500k, then a million, it will be more than enough for most. Why? They can borrow against it or lend it out and use it as a 3-5% bond. +6. I think trading is an art most lose money at, me included. The siren song of trading futures and leverage-most people I know with money are firm in their STAY AWAY stance. Bitcoin is an 80 volatility asset. The S&P is 10. There was a $1,000 swing in 1 hour today. Most people with leverage lose $. Most, not all. I think trading makes sense when you have hit your goal. Your goal is your goal alone. +7. Your friends, co worker, boss, and family might ask you how much btc you have. I'd significantly understate it. Why? Most humans are jealous. It's not evil-people are interesting creatures. Let's say you have 5 btc. Let's say btc goes to $10,000. A lot of people will call you up, mock you, etc. However, lets say btc goes to $200k. You now have a million dollars. You will attract a lot of unwanted attention. Also, it might ruin your friendships (c'mon man, my radiator is down and work is slow, it's only $600, you have 5 btc!"). Look at a lot of young adult men who get quick money-it's gone fast. Also, people knowing you have money is actually a safety issue. +8. Keep your job until you feel secure. I see a lot of people trying to gloat. Why not keep your job and build your stack? +9. Unpopular opinion, but bitcoin or being rich won't make you happy. There are a lot of miserable people with a LOT of money. I think the vast majority of people on CT are actually unhappy even if they have tons of money and luxury goods. +10. As a real estate person, I have been convinced that at this point, real estate is a worse bet than bitcoin. here's why: + +ROI= equity gained / down payment. + +The only way to max out this formula is to put as little down as possible. + +However, there are 2 types of real estate and why they go up. Non luxury is only going to keep going up because of money printing and lower rates. If this happens, btc skyrockets. Luxury does this and because it's very scarce and the demand for luxury will greatly increase-however, to go after luxury real estate, at least in the US, starts are 2 million, and realistically more like 3. This means you are paying in most places 2-5k a month in taxes alone. Let me repeat-2-5k in monthly taxes alone. Unless you have tons of liquidity, my bet is btc. +The U.S. Department of Justice announced on Tuesday that it had cracked a $ 722 million bitcoin "Ponzi scheme". Even more surprising is that the scam was run by only 3 men. The US Department of Justice claims that this is a "high-tech Ponzi scheme" operated by the "BitClub Network". From April 2014 to December this year, the scam gang used false Bitcoin mining revenue to attract unsuspecting Investors. Deceive them to invest and reward them for recruiting new investors. The defendant in the case, Matthew Brent Goettsche, called the investor a "dumbass" in a correspondence with his associates and said that he "established the entire model on the back of an idiot". +Guys it's so hard being underage and not having any significant amount of money to buy satoshis and you just sit there and see the price going up. I know it's going to be so devastating in some years when you think about 2020 and bitcoin being so cheap. At least I could buy some small amount at 7k this year. +I am curious to see what the majority political opinion is of the members of this group. Are you socialists, conservatives, libertarians, or even Marxists? Or none of the above. My guess is Libertarians due to the decentralised nature of BTC and cryptocurrency in general. +I have a totally different reaction to an ad popping up on Brave than I do, say, a commercial on television. + +On Brave I'm getting BAT for that. + +I'm presenting myself to be advertised to and it was consensual. I didn't just have to take it. + +I would be happy to get a cut of, say, the RH payment for order flow as well but we're talking about crypto here baby +I try to look past the anecdotal evidence or alarmist headlines that are often shared on this forum and I look for sources of information that provide a more accurate reflection of economic health. + +With that said Bendigo Bank has provided a trading update this morning which is suggesting that things aren't as bad for mortgage holders as is often spruiked on this forum. + +"Credit expenses positively contributed with arrears rates remaining at low levels across all portfolios. Greater than 90 days residential arrears for the month of November 2022 of 41 basis points were down 8 basis points as compared to 30 June 2022." + +I've said not long ago that I was in a credit-related APRA meeting a few weeks ago and while I can't provide details of the discussions, the sentiment mirrored Bendigo's trading update. The sentiment is that things are fine for now, but expectations is for things to get worse (noting there is only one way to move from record low arrears and default rates). + +Also interesting to note that BEN'S outlook is for a terminal cash rate of 3.5%-4%. My personal view is that it'll be closer to 3.5% or lower but I'm just an armchair economist so what I think has little meaning. + +Edit: fat-fingered typo +For those that are interested and given it was discussed only 2 days ago, I received the following email (as all customers should have): + +> Hi Capt_Crunchy_Nut, + +>Over the last three years our 2% cash back promotion has helped customers get ahead by putting money back into the pockets of thousands of Orange Everyday customers. + +>Keeping cash back however would mean making changes to some of the other services/benefits our customers have access to: + +>-Free ATMs everywhere in Australia +-No monthly account fees +-Our easy to use mobile banking app +-Our 24/7 customer care service + +>To continue to offer these services we've decided to bring the cash back promotion to an end on 30 September 2016. Rest assured that as Australia's most recommended bank we still believe your Orange Everyday account will continue to deliver the best value, service and convenience. + +> John Arnott + +> Executive Director, Customers + +The latter 3 "benefits" listed above are, IMHO, expected these days. An everyday banking card **without** those 3 features is on a hiding to nothing. I said it when the discussion last came up, but the killer blow for ING and I will be loss of Free ATMs. I don't think that will *ever* happen given INGs lack of first party machines however they could partner up with a specific network like Redi-ATMs instead. I doubt many customers would be too happy with that scenario though. +I had a neighbor ask yesterday how I got into my career and if it related to education etc and it really had me thinking about my career path. I'm not the most financially successful person on the planet and I certainly don't have all the answers, but really digging in an thinking about it made me proud of how far I've come. I just wanted to put this post together for anyone who is down on themselves for not getting into what they thought their career would be or those earning less than they think they are worth. A little background: + +I graduated from undergrad with a Sports Marketing degree in 2009 and because I never had great advice, I didn't have any internships on my resume and I couldn't get a job after graduation. I worked an hourly job for a year and went to grad school to get an MBA. After graduating in 2012 with an MBA, I once again was struggling to find a job in industries that I thought were higher earning (like oil & gas, etc), I took a job at a local chapter of a national nonprofit after a friend who already worked there introduced me to the VP. No real idea of the nonprofit industry, no intention of ending up there, but a job was a job. I accepted an offer that at the time I thought hurt my pride for $36,000. Here's where the next 8.5 years took me all through different sectors of the nonprofit industry (education, health, higher ed, research), entirely on accident. + +* Job 1: 2012-2014 - Started at $36k; Left at $44k +* Job 2: 2014-2018 - Started at $55k; Left at $58k +* Job 3: 2018-2020 - Started at $75k; Left at $75k; +* Job 4: 2020 - Current - Started at $110k; currently at $114k + +Looking back I realized I never would have gotten real significant raises without moving jobs. Just 3 job changes over 8.5 years and tripled salary. Don't feel bad if you end up in an industry you didn't intend to be in, and don't be afraid to take a job you think is beneath you if you can see a path forward. I had always been told by my very old-school minded parents (who both worked for their same companies for 30+ years) that employers look down on resumes with too many jobs. Look out for yourself. +Since I just started with penny stocks and stocks in general, I would just like to share a short story that happened yesterday. + +&#x200B; + +Yesterday I saw a post on here about a cool little stock named NVCN. As everyone knows already, that stock just took off at the end of the day. I thought:"well, let's make a small gamble, and step in as it takes off." So, I stepped in at 2.00$. But the stock was extremely volatile and jumped up to 2.20$ and down again. Since I am a bit cautious, I put a stoploss at 1.90$. Welp, it immediatly jumped down to 1.90$ (everything sold) and then up to 2.50$. It is now at 3$ pre-market. + +&#x200B; + +So you might think that I am really mad that I missed out majorly. I mean: 50% potential profits! You are wrong. I am really proud of myself, because I have shown I have good displine and put in a stoploss. You never know what a stock might do and I made a agreement with myself that I wanted to lose a maximum of 10cents on that stock. So yes, I missed out majorly. But I think it is all part of the game. + +&#x200B; + +Just wanted to share this little experience. + +&#x200B; + +Edit: As said in the comments: I don't want to promote or say the call I made was smart. I just want to say that you shouldn't be angry when you stuck to your plan and it didn't pan out. +its getting interesting, everytime BTC is in a critical situation, near resistance or support levels new FUD is coming out of nowhere to dump the price and make sure it won't pass the resi. this shit is going on since 3 weeks now and it is too easy to see it that you cant deny it. it is like a systematic attack. + +But the best thing about all this FUD is, 99% of it was FAKE news +Has any of you making passive income with RE? Or been able to retire with RE. How did u succeed? +Its my dream but Id have to work for a lot of years to be able to buy a property, rent it and pay taxes, furniture, other possible issues with the property. It feels like u lose more money than u make. I only have 10k in my bank account so im a beginner. How can I start and how did YOU start +I have invested in single-family rentals on the side since 2006. I’ve focused more on building equity than on cash flow. I now have a significant amount of equity (>$1M, plus I’m in a LCOL area), though not much cash flow. I am strongly considering transitioning out of single-family and into multifamily. For those of you who have made the transition from single- to multi-, how did you do it? Did you go at it alone, and just figure it out? Did you tag along on a deal that was set up by someone more experienced? If so, where did you find the people to partner with? How did you vet them? + +In single family, I have not found agents/brokers to be particularly useful, so I haven’t used them. (No offense if you’re an agent or a broker.) But I’m curious to know -- how similar is the role that an agent/broker would play in multifamily compared to single-family? Are there functions that an agent/broker would fill in the multifamily space over and above what they would in the single family space? +I bought a house dec 30 2020. I want to sell it now. We are building a new house and I’d like to put the proceeds toward the down payment. + +Can I do that without having to pay capital gains tax due to the short term residency only because it’s going back into real estate? Or do I have to wait until dec 31 of this year to close on a sale? + +Tried googling but kept getting realtors in my search results. + + +Edit: + +Bought the house for 103k. Listed it for 155k +Options: +List with realtor- Realtor fee 6% on entire amount and Capital gains tax 15% on profit (15k +) + +List without realtor- capital gains tax on profit (8k) + +Refinance- costs: 9k + +Paying the taxes and selling by owner are the cheapest options if I get rid of it now. Waiting 8 months saves me a whopping $7500. I also have a small business that is operating at a loss so my taxable income will be down because the schedule C balance will carry over. +Am I the only one!? I list a new rental unit on Zillow - within a couple of hours I have a few of the generic "I'm interested in this property please contact me about a time to see it." I respond VERY quickly ( within 15-45 minutes, on average) and say something like, "Thanks for your interest - happy to set up a time to show it to you, please let me know when would be most convenient. Also, if I can provide any other information or answer any questions I'm happy to do that too. Thanks" And...... + +\*crickets\* + +I'd say fully half those people I never hear from again. And it's not just the first few - throughout the time I have the listing posted I'd say that consistently happens. What am I missing?! Why did you reach out if you weren't actually interested?? Do others experience this?? Thanks for any insight... +In NYC, a 1 bedroom in anywhere within a 15 min commute of Fidi is roughly \~$2500, while the mortgage + HOA + taxes on a 2 bedroom come out to about to a usually little less than \~$5000 a month. (2x roughly) + +In Chicago, seems like the loop or south loop a 1 bedroom rents for around $1700 and a 2 bedroom + taxes + HOA is like $2000 (like a nice part in a high rise where you can go jogging next to museum campus or walk to work in <15 mins). This means you could effectively in Chicago buy a 2 bedroom, rent out a room to a buddy and be living on "free rent". (1.2x roughly) + +Are investors modeling no population growth or price appreciation in Chicago? Is there a supply glut and alot of vacancies and rent prices are just artificially high? Are NYC real estate investors just crazy right now? I did some back of the envelope numbers and San Francisco is even worse than NYC right now. + +&#x200B; +So I am about to buy a condo that's worth $95,000 for $60,000. And with a little repair and updating would be worth around $110,000 but I'm not sure the best way to go about doing this. I'll need to take out a mortgage on the place but once I've done that how would use the equity in the place to buy other property? Do I just refinance and pocket the extra cash for downpayments? +I bought my first house 13 months ago with the goal of living in it for a few years and converting it to a rental down the road. It’s in a hot rental market (I’ve seen rents coming in over asking) and I think it would easily cover mortgage + taxes + insurance as is today. + +Does anyone have any experience doing this? What’s the process like? Do I need to notify bank/insurance? What are some things I need to consider? I’m probably a few years away from wanting to do this, but still curious. Thanks +I've recently started building a 2 storey apartment building with 10 studio units. It is my first time doing this business with aim of getting financial freedom, for life. + +Any tips? +I feel like this is a dumb question and maybe I'm just conceptualizing it wrong but thanks for bearing with my awkward wording. + +&#x200B; + +So I'm looking at buying a property at a tax deed auction. They haven't announced the initial bid price yet but it is going to auction because there was a default judgement on the first mortgage and it was foreclosed. + + +The auction show's 2k in unresolved taxes but nothing else. I found the docket showing that the default judgement is for 185k. + +&#x200B; + +So my question is, what happens to the default judgement after the auction? Is the aim of the auction to pay off the party awarded the judgement? Or are sheriff sales just for taxes and then I would then go have to interact with the bank to resolve the Judgement afterwards? + +&#x200B; + +So basically, does the auction pay off the judgement that caused the property to go to auction in the first place or just any outstanding taxes? + +&#x200B; + +&#x200B; +Now you have the time and money to do what you love. What’s your fatFIRE hobby? + +I spend my extra time boating and fishing offshore. + +What do you do? +It’s quite possible that the answer to this is just “the way all the other income/wealth levels do it” but I’m wondering if there were better options for HNW+ folks to get mortgages or tricks that might not be obvious. + +If it helps, we’re looking for a new primary residence in a different state, in the high 6 to low 7 figure budget range, and household income is in that same range yearly. We also have the assets to buy it cash but would rather get leverage where possible and if we can find good interest rates. + +What would fatFIRE folks do? We already own other properties but were not impressed with our lenders and would probably not use them again. +We have an AC, one requirement that I had when looking for a place. I'm in Kentucky and the summers can be unforgiving. Not to mention I have health problems that make it a necessity. + +Well, given that the cost of electric has risen exponentially over here, and our finances have dwindled, I realized today that it has become a privilege to be able to use that AC. Hell, a luxury, even. I try not to use it during the day but it's been in the high 90s lately, and the fan I have does shit all to help. We're not allowed to get a window unit, either, and we can't afford a newer fan that might do a better job. I have been in dire straits before but i didn't realize how bad it was until I was sitting here, burning up, feeling nauseous, but unable to do anything because if I put the ac on too much this month I wont be able to afford the bill, and will just end up with my electricity cut off. + +Sorry for all the rants lately. I'm just having a really tough time and this seems to be the only sub where people understand. +I find Ben Thompson to be one of the smarter observers out there. + +He says ... + +"There are five myths about Meta’s business that I suspect are driving this extreme reaction; all of them have a grain of truth, so they feel correct, but **the truth is, if not 100% good news, much better than most of those dancing on the company’s apparent grave seem to realize.**" (emphasis mine) + +What do you think about his hypothesis and debunking of META myths? + +Does this in any way change your opinion on investing in META? + +Source: [Meta Myths](https://stratechery.com/2022/meta-myths/) + +Disclosure: I own a handful of META shares +That is enough for me to fly somewhere without extradition and pay plump chicks to sit on a hammock and poo on my face while I lay under it. +It is also enough to pay for security to fight off the international assassins that BlockFi would send after you. +[German institutional funds to invest up to 20% in crypto](https://coinjournal.net/news/german-institutional-funds-to-invest-up-to-20-in-crypto/) + +"Spezialfonds reportedly account for about €1.8 trillion (roughly $2.1 trillion) of institutional wealth, meaning that if funds allocate the 20% allowed in the new law, more than $400 billion would likely end up in various crypto projects." + +"However, according to Tim Kreutzmann, an expert on crypto at BVI, it is likely most of the funds could *"initially stay well below the 20% mark*", owing to various industry practices and expectations. Notably, the investment funds are available only to institutional investors like insurers and pension funds." + +Just a reminder, in [Germany over 257 banks charge a negative interest rate](https://www.wsj.com/articles/banks-in-germany-tell-customers-to-take-deposits-elsewhere-11614594601) for deposits over $25k, so anywhere else to put your money is a safer bet. + +Okay, done my FOMO for the week. +Think about this before you decide to hold all the way down to the bottom. + +A 50% loss takes a 100% gain to recover your money. + +A 75% crash takes a 300% gain to recover your money. + +An 80% crash takes a 400% gain to recover your money. + +A 90% crash takes a 900% gain to recover your money. + +A 95% crash takes a 1900% gain to recover your money. + +A 98% crash takes a 4900% gain to recover your money. + +ADA dropped 98% from 2017/18 ATH, ETH dropped around 95% from its respective 17/18 ATH, BTC a bit less. Never feel bad about taking profits on the way down if you failed to on the way up. If you fundamentally believe the market is past the top then don't let anyone tell you what to do. Take your profits damn it. + +Taking money out at -50% ATH and reinvesting at an average price of -80% ATH increases your stack by 2.5x, reinvesting at -90% increases your stack by 5x. Don't hold the whole way down if you believe things have changed. + +I'm not saying you can time the market but you can at least protect yourself from crypto's near-as-dammit guaranteed 90%+ crashes. I'm also not saying you shouldn't DCA. Just giving some perspective. + +&#x200B; + +Edit: forgot to mention that I was talking about drops from 17/18 ATHs. + +Edit 2: BTC drop was around 85%. Not just a bit less (95% drop is an 85% drop plus a further 66% drop after that). +Let me preface this by saying I am pretty uneducated about the stock market and investing... +My oldest son received 10 shares of Disney stock when he was born in 2001. All I ever received is a fancy certificate with Disney characters all over it. I have no idea of the value of those shares today(has Disney ever split?). He is asking about cashing them in to help pay for a car or college. +I don't even know where to start. Any advice you could give is much appreciated. +Dear r/fatFIRE, + +Thank you for your posts and insights - I really enjoy the stories and learnings from this group! + +I am in my early 40s, happily married with kids, $6M net worth. + +I have been in a CEO role for a privately owned medium sized business (retaining a minority shareholding position) for a number of years and have come to a point where it is time for a change as I no longer feel challenged or fulfilled in my current role. + +If anyone has been in this position (contemplating transition, change, options) what sort of process did you work through to determine next steps? Primary options I am currently considering are finding another CEO role, purchasing a business or starting a business. I think whatever I end up doing, I would need to have at least some ‘skin in the game’. + +The feedback I have had so far is ‘do something you are passionate about’. I have always struggled with this as I believe I am purpose driven over passion driven (I fell into my current industry and not necessarily passionate about the products but passionate about growth, strategy, people, culture, achievement). My purpose is to strive to make things better. + +My initial goal from a wealth perspective remains to get to $10M net worth as I believe that would give me freedom not to have to work again if I didn’t want to. But I will likely always want to do some form of work as I enjoy it. + +Anyhow, sitting here contemplating this as we speak, would love some thoughts and thanks in advance! +I've just resigned my job and am FatFIREing within 30 days with ~$10M in investments and $250k/yr post-tax goal ([my intro post](https://www.reddit.com/r/fatFIRE/comments/ai0qdn/suddenly_fireing_ahead_of_plan_first_post_intro)). As explained there, I'm behind on FIRE research/planning and am catching up now. The last decade we've focused on earning more and investing strategically. Now that I'm facing the transition to 'withdrawal' mode for the first time, I'm thinking it might be worthwhile to see if there are ways we can deploy capital to cut significant recurring expenses. Essentially, the FatFIRE version of buying down future spend. So, looking at the obvious big categories, I started making a quick list of things to check. + +1. Insurance: (medical, house, cars, liability) can we save by partially self-insuring with higher deductibles? +2. Utilities: calc earn-back on investing in more efficient usage (retool 5k sq ft home, more efficient heat/air, smart thermostats, replace 200 light bulbs with LED, insulation upgrades, solar)? +3. Cable/broadband/phone/mobile: between Comcast, Verizon & AT&T = $5k/yr. Consolidate plans, switch providers, buy boxes? +4. Taxes: Better strategy, upgrade quality of our advisor? +5. Travel hacking: ROI on time-spent? +6. Credit cards: Multi-card / category cash back strategy vs current one card for everything? + +I didn't list paying off debt because we have none. There are more things I could list but I also want to balance time/hassle with savings. + +For example, currently we buy our cars new and trade-in the old at dealers. We shop and negotiate pretty well but suspect over time buying even 1 yr old used cars and direct selling our trade-ins might save as much as $5k-10k / yr (eg $15k lower price + $5k higher trade-in every 4-5 yrs x 2 cars). However, we've never done this and would need to learn how then spend the time to do it. When I was making >$1M / yr working 60 hr weeks, sinking scarce time/energy in this didn't seem worth it, but now it could be. + +I'm curious + +- What things have you improved that were worth the effort? +- Anything that wasn't worth it? +- Any insights on good approaches to increase ROI when optimizing? +- How do you think about balancing time & effort vs savings? + +Edit to Add: In terms of priority, I suspect Insurance and Taxes should be at the top of the list, Cars / Utilities in the middle with Cable/Phone, Travel Hacking and Credit Cards at the bottom and likely not worth the time. +Hello FatFIRE, + +I was curious what others were spending relative to their earning during their accumulation phase? + +I make $700,000 a year (gross) while spending $240,000 a year not including taxes (VHCOL - Bay Area). I save about $200,000 a year. + +Curious what are your spending, income and savings numbers? + +Edit: For those of you asking what do I do for a living, I am in upper management in a mid size tech company (not FAANG). +https://www.bloomberg.com/news/articles/2022-06-24/tesla-job-cuts-include-workers-who-joined-the-company-weeks-earlier + +Tesla has outperformed established automakers the last several years, expanding production and deliveries at a blistering pace as much of the rest of the industry struggled with lockdowns and supply shortages. The mass firing now being carried out at the behest of Elon Musk suggests this strong run of execution has come to an end, and could complicate efforts to get back on track. + +We’ll find out roughly a week from now how many electric vehicles Tesla built and handed over to customers this quarter. There was little the company could do, of course, about Shanghai shutting down the city for weeks and costing the carmaker output from its most productive plant. Musk’s words and actions lately don’t inspire much confidence in how the company has coped. + +First, the chief executive officer gave an interview to the Tesla Owners of Silicon Valley on May 31 (though the fan club only just aired the footage this week). Musk described the new factories opened recently near Berlin and in Austin, Texas, as “gigantic money furnaces” losing billions of dollars. + +Days later, Reuters reported Musk had sent an email to Tesla executives saying he wanted to dismiss 10% of employees. He then wrote in an all-staff email that cut would only apply to salaried workers. Then he tweeted Tesla’s overall headcount will increase over the next year. + +Finally, Musk told Bloomberg News Editor-in-Chief John Micklethwait this week that the salaried job cuts would take place over roughly three months. He also downplayed the significance of a lawsuit by former employees who claim Tesla violated federal law by failing to provide advance notice of the job cuts, calling it “ trivial.” +https://finance.yahoo.com/news/morning-brief-june-23-100044415.html + +“During the Financial Crisis, the market head-faked investors with three minor rallies from fall '07 through summer '08 — of 8%, 12%, and then 7%, respectively — suckering in new longs near the 2007 record highs. + +And then markets really started messing with investors. + +Declines of 45% and 51% from record highs were met with rallies of 18% and 24% in the fall of 2008, moves that came several months before the market's ultimate bottom in March 2009. + +Suddenly, headlines were reading: "Stock market 20% off the lows," enticing traumatized investors to possibly pull the trigger on what remained of their cash position — only to see new lows in the coming weeks and months. + +During the dot-com bubble burst, it took nearly three years for the bear market to finally shake out bagholders from the first tech mania. + +The S&P 500 dropped 49% from record highs before hitting its ultimate bottom in late 2002. Over the course of 2001 and 2002, the S&P 500 saw no fewer than four rallies of 19% or more. + +It wouldn't be until the spring of 2007 that the benchmark index would reach another record high. Just in time, of course, for the aforementioned Financial Crisis. +Natwest are offering a "Digital Saver" account to existing customers with an interest rate of 3%, up to a balance of £1,000. Monthly deposit of £50. + +Thought some of you might like to know! I applied through the app, took maybe 5 minutes. +4 years ago I made a move to a different city for a job. It’s been very rewarding financially but not great for my mental/physical health. My NW has grown from ~$150k to $800k in those 4 years. Thanks to this sub for all the advice/theory. I raised my savings rate from ~15% to 80%+ today (also thx to raises). I’m 35 years old. + +About 1.5 yrs ago I felt myself slipping a bit from my job mentally. Always had anxiety but my work started pushing me into panic attack territory. I had a panic attack during a presentation around that time. I do a lot of presenting to our executive team for a billion $+ corporation. + +Performance wise I’m doing well enough, even though I feel very little motivation day to day. I get good reviews and mgmt keeps growing the team under me. My lack of motivation is either not apparent or they don’t think it’s a big enough deal to confront me on. + +Every work day is a slog for me. I hate my calendar. Hate the meetings and hate presenting. Before big presentations I have to take an anti anxiety pill to ward off panic. I also have had a bunch of other health related issues which I believe is likely due to stress. + +When I felt myself slipping I decided to go hard into paying off my mortgage just for the security and I paid off all ~$250k in 1.5 yrs. + +My goal is to hit $1M net worth and then find a way less stressful job back in my hometown and am expecting a massive pay cut (where my house is - currently a rental). It looks like I’m about a little over a year before I hit that point though. + +Everyday when I’m walking into work I ask myself. How much longer do I have to do this? It’s painful. Any job I hop to to find similar money will be the same level of stress, probably even more since I’d be starting out fresh as an unknown. Also I have a ton of RSUs that vest every quarter that took years to build up. So I feel like I can’t just hop jobs or leave to relieve the pressure. + +Has anyone else been through this? I just need to stick this out and stop complaining. I know. But it would be good to hear if someone has a similar experience. +I would like to start investing a small amount each month (around £30), I also have about £200 I can put in to start off with. + +I was planning on using the Vanguard global fund, but looked into it today and now think it may not be a sensible idea. As a single share is around £350 it will be a long time until I but one, and would be very infrequent between purchases (unless I have misunderstood this??). + +Are there any other good options I could look into? +I opened a TFSA balanced portfolio mutual index fund account with my bank about a year ago. I notice that the income side of the portfolio has never posted a profit, ever. Maybe it's because I don't know how to "read the numbers" correctly but I don't know when these things actually pay out. + +I was considering opening a GIC (TFSA) and taking a percentage of the money from my portfolio--probably half--into this new GIC and then change the portfolio to a more aggressive growth one. + +Is there anything about this that sounds bad or ill-informed. I don't care go ahead and school me. +So my portfolio consist strictly of VGRO. + +My question is do you believe they will increase their dividend with time? + +When I compare it to lets say XEF and even XAW, VGRO is not even close to their dividend return. + +I understand this is a growth ETF, but so are the other two. + +This is a question out of curiosity, + +Thank you! +**Hi, I am going to move to Canada for school and PR next months. Currently being trading in US with Fidelity for years. I am trying to decide if I should open a Canadian exchange account and move all my stock there or stay with Fidelity and continue to trade there （as a foreigner）.** + +I am not US PR nor Canadian PR. But by time of filing tax, I believe I will be deemed as Canadian resident for tax purpose for the 183 rule. + +&#x200B; + +**Option 1. Open a Canadian investment account and transfer all funds and stocks there. For example, IBKR or Wealthsimple.** + +**benefits**: simpler tax situation (only file tax in Canada). easier fund transfer between Candian bank accounts and investment accounts. Access to Canadian exchanges (absolutely novice so probably won't trade Canadian stocks for a while). + +**drawbacks**: more expensive due to conversion rates and commission fees (not 0 commission for most platforms). + +I really don't understand how trading and holding US stocks in a Canadian investment account work. Do you do a currency conversion for every trade or just during funding process. Do you really trade in US exchange or the trades go through a 3rd party sort of thing. Please enlighten me. + +&#x200B; + +**Option 2. Keep my Fidelity account.** + +**benefits**: US stock trades in US exchange with US dollars. No complications. No capital gain tax from US after I become tax non-resident. no currency conversion (I plan to grow whatever I have in account and not funding it for a while). + +**drawbacks**: complicated tax situation. not sure if I have to file Canadian tax return on capital gains (are these Canadian source income?). no access to Canadian market. Money transfer can be slow and expensive when I need money out of stock accounts. + +&#x200B; + +**What do you guys think? Which option makes more sense if I want to lower the trading cost. I do trades every couple days. Not day-trader but quite frequently.** + +If option1 is better, any recommendations on tools? Wealthsimple needs the advanced account costing $10 a month to avoid conversion fee. IBKR has a minimum $1 commission fee plus other regulatory fees [Commissions | Interactive Brokers Canada Inc.](https://www.interactivebrokers.ca/en/index.php?f=1590) + +&#x200B; + +I hope I have provided enough information and thank you all for any suggestions and clarification. + +&#x200B; + +&#x200B; + +Oh, while we are at it. What's the best way to send money from US to CAD? I have used Wise. Their rate seems good. but I still want to do old bank wire transfers. I am banking with Chase in US now. I am thinking either open BMO US and BMO Canada and do the transfer between them (thining they are "same" banks may offer better rates?). Or open TD Canada. They have an international student package with some perks and offer global transfer service. Someone suggested use IBKR because they have great conversion rates. +I'm considering opening up positions on shorting the Canadian housing market. I'm looking for strategies on gathering the most leverage via weekly options. + +Does anyone know specific investment vehicles (with options), and derivatives open to the retail investor on specifically shorting non-commercial, residential housing? Preferably, the ticker would be listed on a US-exchange. I'm looking for the most exposure to properties exposed in Vancouver, GVA, Toronto, and the GTA. + +EDIT: Typos. +In terms of total net worth I have 75% in savings and 25% in investments but I feel like I’m too weighted in my savings account. How do you divide between savings and investments and what % of each pay cheque goes to investments? +Hi guys I have spent the last few weeks trying to learn more about investing and trading. I know that day trading inevitably is not profitable for most people from what I’ve read. I started to read and watch videos on different techniques and how to read charts etc etc. Anyways I opened up a Questrade demo account to get my feet wet and try trading some stocks day to day just to have some fun and see what it was like. +So far I have done quite well from what I can tell and I have been going approx 80 wins to 1 loss and im honestly not cheating either, I dont know if I’m just lucky. I haven’t had a single negative day. I have been putting in smaller trades to get a feel on profitability on a smaller capital 40,000-80,000 or so and probably will try lowering how much i put in as I go to a more feasible amount when the time comes to start actually investing or trading. I have increased my demo account from the 500,000 they give you both in usd and cad to 512,000 in the usd account and 503,600$ in the Canadian account I am currently holding no positions. + +I have roughly tried to figure out the net profit that I have made from my trading but I’m not sure if I am right as it seems a little too good to be true. At 80ish orders times 6$ Rough commission= 480$. With no conversion of currency I have made 15,600$-480$=15,120$ then with taxes if this would be the right figure 30%? For business income since it would be day trading I think. 4,536$ in taxes so 10,584$ net roughly which i think is pretty good. I think I am missing something. + Sorry for the long story but I would really like to know what the actual costs of trading are. I think I might be completely off. I am not actually considering day trading or any trading of that matter as I am still in school and I don’t have any extra money. I’m just trying to learn more about it. Thanks! +**The Golden Ratio** + +Some of you may not know about Fibonacci ratios but that's ok. I will not overcomplicate this post and you don't need to be a TA expert to understand it. + +Suffice to say, these ratios, particularly what's referred to as the golden ratio (1.618), aren't limited to TA, but ubiquitous in all nature and cosmos. + +Fans of The Da Vinci Code will remember Professor Langton explaining how mathematics and art collide via the 'golden ratio.' + +The golden ratio is sometimes called the "divine proportion," because of its frequency in the natural world. Space-time itself is defined by this mathematical constant. Naturally, we humans are somehow programmed to act in accordance with this ratio in everything we do. + +**Golden Ratio in Bitcoin** + +Bitcoin's price action right now is following the exact same pattern that it did in 2013 and 2017. Let's take a look. These charts are very easy to follow, + +[Bitcoin's first big run, new ATH and correction to 1.618 \(2011-2013\)](https://preview.redd.it/j2u8clq9jbc71.png?width=1558&format=png&auto=webp&s=74e56a0dc2336f070bfc13ef706b3bdf7b791167) + +[Exact same pattern \(December 2013 to July 2017\)](https://preview.redd.it/pk6k8lqljbc71.png?width=1558&format=png&auto=webp&s=82e53724ca3b512e7a51e5b984e4ac39ef9c08a4) + +[Unerringly rhythmical \(December 2017 to July 2021\)](https://preview.redd.it/9s8y9f3sjbc71.png?width=1559&format=png&auto=webp&s=e5f7482966ee5736b427ac45e3982ca3d5961263) + +When Steve Wozniak called Bitcoin a mathematical miracle, he wasn't kidding. Whatever makes the price action so unerringly rhythmical this way between halving cycles can be empirically analyzed by humans similar to the patterns in nature but never fully understood. + +It once again begs the question if Mathematics was invented or discovered. + +I was already super excited 3 years ago to observe whether the same pattern would play out again. To see it play out exactly the same way (so far) is nothing short of spine-chilling. + +You can check out the two pinned posts on my profile. + +In February 2018, when everyone was panicking, I pointed out that we would go back to 19k and beyond in the next cycle. + +Back then, I hadn't yet analyzed the price action this closely but I knew the quadrennial cycles. + +Then in December last year, I called for $100k before the end of 2021 which I still stand by. + +Just as my prediction in 2018, I understand that this may be too optimistic to imagine right at this moment. + +In my personal opinion, it's very likely that 29k turns out to be the bottom for this correction phase. + +But you should of course DYOR. +Before everyone gives me the “don’t buy an apartment” speech hear me out: +- 24M: I currently rent a 1 bedroom for $1690 a month by rentvesting, within 3km of Melb CBD. My rent will likely be going up 10% due to a cheap Covid rate that I’m paying +- I plan on living in an apartment alone for at least the next 10 years (no interest in leaving CBD area for work and lifestyle reasons) +- I live very minimally: living close to work saves me $200+ a week in transport costs + +Currently I can buy a modest apartment for 330-350k and I have a 20% deposit. + +I did the maths and to own a place this is what I will be paying: +- Repayments: $1280 pcm 4.5% interest rate +- Body Corp: $300 pcm +- Water and Council Rates: $140 pcm +- Total: $1720 pcm + +The question here is: is it worth continuing renting or purchase a place that’s mine to live for the next 10 years and a potential future rental property? Is renting for 10 years and having nothing to show for it a complete waste? + +Side note - I hate the feeling of not being in control of my home and don’t like the idea of having a landlord. + +EDIT: My reference to rentvesting - I own a property in the suburbs that covers my current rent +What really ground your gears when you were buying? + +What bits of building a place really pissed you off? + + +I’ll start! We bought a new place, brand new, only to find out that the pipes were incorrectly installed that we had to replace the foundations under the bathroom. +Includes a 6.48% inflation component, which will apply to all bonds for 6 months, and a 0.4% fixed rate, which will apply for the life of bonds purchased between now (November 2022) and May 2023. + +Edit for clarity: The 0.4% fixed rate will apply for bonds purchased between November 1, 2022 and April 30, 2023. Also, the extra 0.01% (6.48% + 0.4% + 0.01%) comes from the fact that it's 0.4% *plus 0.4% \* the semiannual inflation rate*, so you get an extra 0.01%. In a year, that's a whole extra dollar! +Hi all, + +I know there are a *bunch* of resources out there on this topic, but even other 'I'm a higher earning grad on type-2 loan' advice didn't seem to clear things up for me. I'm currently following the UKPF flowchart but I'm not sure how/if this throws a spanner in the works! + +I went to uni for 5 years, from 2014 and graduating 2019. I knew nothing about personal finance when I was \~20, and I took the maintenance loans I needed to get through my degree. I ended up racking up approx £84,000 debt to Student Loans Company. I currently earn \~£45k base and \~£55k OTE. + + +As I understand it, the general advice is that most graduates barely pay any back annually, and that saving that money instead would net higher returns than making additional repayments on the loan. + +Using [this calculator](https://www.student-loan-calculator.co.uk/), If I follow the usual advice to ignore student loans, I'm expecting to pay over £100k (likely £150-200k) to SLC before I pay the loan off or the 30 years runs out. Paying anything between £1.5k - £5k per year towards it. + + +Those numbers don't really align with the typical consumer advice of *"Ignore it, you'll pay less than 100 quid per year for 30 years then its done with"*. Would I still be financially better off by putting excess into S&S ISAs versus putting excess into clearing my Student debt? + +Is 'ignoring it' still the best option in my case? Would it be worth early repayments (as soon as i'm able)? How would that work with the UKPF standard flowchart? I've currently filled out my emergency fund and I'm building towards a first-house deposit in the next \~5 years. +Two young fish swim along in the sea. They meet an older fish who casually greets them: “Morning, boys. How’s the water?” The two youngsters swim on for a bit, before one eventually turns to the other and asks: “What the hell is water?” + +Robin Wigglesworth, the financial writer, relates this story as an illustration of one of the most pervasive phenomena in modern day capitalism, one so ordinary and widespread that we don’t see it or think about it much. It’s called index investing and it has changed everything. + +In a new book — Trillions: How a band of Wall Street renegades invented the index fund and changed finance forever — Wigglesworth reminds us quite how extraordinary this rise has been. Over the past decade, 80 cents in every dollar put into the US investment industry has ended up being channelled through only three groups: BlackRock, Vanguard and State Street. Together, the three index giants own more than 20 per cent of all US-listed companies and account for 25 per cent of the shares that are voted on. About $26 trillion is now invested passively worldwide, blindly and mechanistically put into the shares of companies purely according to their membership and weighting in share market indices. Tracker funds, invented in the early Seventies, are coming to dominate the investment world. + +Low fees, low trading turnover and the sheer difficulty of lastingly picking winning stocks mean that passive funds have relentlessly outperformed the actives. Billions of dollars that used to go into the pockets of the financial services industry now boost the pension pots and savings portfolios of ordinary people. Paul Samuelson, the Nobel prize-winning economist, placed the invention of the index fund alongside the wheel, the alphabet, the printing press, wine and cheese as one of mankind’s greatest achievements. + +It wasn’t always so obvious. The first index funds were met with derision and hostility. Why on earth would any investor settle for average, it was asked? One financial research group dubbed them “unAmerican”. In 1977 Institutional Investor magazine declared: “Indexing is likely to be an idea whose time will pass.” + +Jack Bogle, regarded as the father of index funds and the founder of Vanguard, managed to raise a paltry $11 million for his first passive fund in 1976. But the innovation was soon to explode in popularity. Today Vanguard manages more than $7 trillion. BlackRock is even bigger, at more than $9 trillion. State Street, another US corporation, is the third player in this dominant triopoly. + +Sadly, this is an area where the City largely failed to seize what was to be a gigantic opportunity. Legal & General is the closest we have to a premiership passive house, with a respectable £1.3 trillion of assets under management, but its share of cake is far shy of any of the Big Three. + +Barclays, in a moment of genius in 1995, bought the fledgling Wells Fargo unit in San Francisco, developing some of the most interesting passive products including iShares, combining it with the former BZW to create Barclays Global Investors. But it sold BGI to BlackRock in 2009 for a mixture of cash plus a 20 per cent stake in BlackRock and then sold that stake in 2012. It turned out to be a costly mistake. Barclays, which admittedly desperately needed the cash at the time, has waved goodbye to something like £25 billion (my estimate, not Wigglesworth’s) by selling out in those two stages. BlackRock today weighs in at $128 billion, its share price more than quadrupling since 2012, and Larry Fink, its chief executive, is lauded as the modern day king of Wall Street. How different things might have been. + +There have long been criticisms made of passive. Paul Singer, the hedge fund manager behind Elliott Management, describes passive as a “blob” that is “in danger of devouring capitalism.” Passive houses are “lazy, inattentive stewards of assets”, who encourage corporate sloth and waste, he argues. + +Not all of this can be dismissed as sour grapes. The index funds have become gigantic and the tail is starting to wag the dog. It’s no coincidence that the quadrupling of the Tesla share price coincided with the period just before and after it entered the S&P 500. + +Indices are largely weighted according to the constituent companies’ market value. That has the distorting effect of pushing up the valuations of the largest companies. Twenty cents in the dollar invested in US trackers goes into the shares of the biggest five stocks. Ten years ago, the biggest five accounted for only ten cents in the dollar. + +Shares in Elon Musk’s Tesla quadrupled as it entered the S&P 500 It can, in theory, become a self-fulfilling prophecy. The sheer scale of flows into index funds can swamp the effect of active managers who see individual company valuations getting frothy and sell. “Active managers are in effect competing against a rival who controls and influences the yardstick of success,” Wigglesworth suggests. Constantly shovelling cash into the shares of companies purely according to their size, rather than their future prospects, cannot be a good idea if everybody does it. Index funds are at best the free riders hitching a lift on the work done by active managers. At worst, they may be puffing up a bubble. + +The passive houses are acutely aware of how their dominance and influence are starting to raise suspicions and are responding. Last week BlackRock announced plans to hand its institutional clients the power to cast votes on the resolutions of companies they indirectly own through BlackRock. At a stroke voting power over $2 trillion of assets passed a little bit closer to the actual owners at the end of the investment food chain. + +Wigglesworth has written an important book. Passive has mostly been a boon, but its impact in future may not be so benevolent. Investors, companies and regulators need to apprehend the water they are swimming in. +Really shows that the day traders are no longer interested, the indices do their job, the short sellers are running low on fuel and apes are holding. Another indicator for all this is the low volume. + +With RRP volumes being up on record levels, 40 times what they were at the height of the 2008 crisis, and in all-time-high-territory for 3 days in a row, we can see that this is the calm before the storm. + +GameStop isn’t causing the crash, nor directly profiting off of it, we’re just a root in the ground that some economic abusers and financial terrorists have tripped over, because we won’t move. + +We are now in the safe zone, safe from bankruptcy, safe from delisting, safe from major losses. Most of us are Zen and FUD proof, some are still buying, and the line is being held. + +No dates, but it’s all a matter of days now. Federal investigations, new regulations and increased margin requirements are increasing the pressure additionally, while we just have to wait it out. + +They’re in a prisoner’s dilemma. As soon as someone starts covering, everyone else gets margin called, and the world is watching. + +The DD is right. The predictions are right. We are an unprecedented hive mind. + +Lean back and enjoy the most epic game of bingo you’ll ever play. + +PS: I will hodl until even fractional holders can retire. + +EDIT: Holy fuck, thanks for the awards and the positive sentiment! Great to be a part of this. And thanks for the argentium, mate! +I know there's a selection bias for people who post here, and that those who are in better situations are more likely to post so maybe it's legit. + +What I'm wondering is if many of the people who say they're in their 20s and that their income is well into six figures are salespeople who had a particularly good year, and are then projecting that their income will remain at that level going forward? +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. +AMD has ultra strong fundamentals for $120 (currently in the 80s), their main competitor has been proven to be falsifying benchmarks, and not a single gamer/modder is using an Intel chip right now. NVidia are moving into new markets, but come on...... I don't understand the loss. I only play long (except for small amounts in fun stocks), so I'm not gonna realise a loss, but the volatility suggests the investors don't understand the industry AMD is working in. + +Edit - Seems like my post isn't quite long enough for the Auto-mod, so let me elaborate. I am a C level exec in a multinational company that operates a significant proportion of their business in the eSports/gaming industry, former ACSI financial advisor, and not a diamond hand gorilla (not gonna lie, I've got 2 shares of GME at about $70 and about 36 AMC at about $10 average, but that's just to follow the madness). I understand the industry, and don't understand the falling price! Any ideas? + +Edit - changed "market AMD is working in" to "industry AMD is working in", as it may have caused some confusion. +7,639 users here now. Am I tripping? Or did everyone go to bed early except automod? I don't know about you guys, but I feel some weird shit is going to happen soon. I don't have anywhere else to talk about it except here with all of you. I think you guys feel it too. This is just a little more weird than the usual bullshit. And sudden. + +Stay hydrated, y'all. + +Edit: Numbers are going back up. Welcome back, freaky people! +I kinda feel anxious whenever I spend a lot of money especially if it's a big purchase. I think it stems from having a history of making poor financial decisions. + +I've come a long way since then. I'm now spending money that I have the right to spend, but I still can't shake the feeling that I'm doing something wrong when I spend money on big purchases unless it’s a “Buy it For Life” or at least a “Buy it For Quality” purchase. + +Right now, I've been putting off getting a new phone for months because my old one has been rather laggy for three years. I have the money to buy, however there are moments when I feel like I should still wait a bit more. Same goes for buying a new laptop or pc parts on whether I should upgrade or wait a little longer. + +The problem is that, although I believe I have gone my entire life without ever using a flagship phone, laptop or pc or anything comparable, I also believe that I COULD use one at this point. + +Has anyone else experienced this? Do you have any advice on how to overcome it? +I'm in the middle of an experiment you all might be interested in. I wanted to see if there was any benefit to selling put options to acquire shares vs dollar cost averaging vs lump sum buying. + +Edit: Skip to the end for the most current results. + +Here is the rule set: + +1) The accounts start with a fixed amount of cash and no more will be added. +2) Each account will buy shares according to its own rule and will hold until all of the accounts have purchased as many shares as possible. +3) No market timing or technical analysis is allowed. +4) All purchases must be made in each account at the same time at or near market price. +5) The lump sum account will by as many shares as possible on the first day of the experiment. +6) The DCA account buys as many shares as possible each week using 1/12 of the initial cash supply. +7) The CSP account uses 1/3 of the remaining cash each week to secure as many ATM put contracts as possible. +8) The contracts will be sold on Thursday so that they expire 8 days later on Friday. The strike price will be chosen as close to the market price as possible consistent with maximizing the extrinsic value. +9) Contracts that are OTM one day before expiration may be repurchased at less than 15% of their sale price immediately before new contracts are written. +8) If dividend payments or options premiums allow for the purchase of more shares, then that is permitted as long as the purchase is consistent with rule 4. + +The experiment has been running about a month now. I am using QQQ as the underlying and following the CSP method in a traditional IRA account. The other two methods are just paper trades in a spreadsheet. + +QQQ had a pretty good pullback after week 1, which set the lump sum account back. The sideways trading since then has benefited the dollar cost averaging account slightly. It has a lot less volatility and about 1% more total value. + +The CSP account is pretty interesting. The first week it took assignment on its contracts. After that it was 50/50. The options premium is having a noticable benefit and has pushed it's value about 2% higher than the lump sum account. + +If there is any interest in this kind of experiment, I will post a weekly update for you. + +Edit: + Here are the results so far. They should be updated every Monday + +Date | market | strike | lump sum shares | lump sum P/L | DCA shares | DCA P/L | CSP shares | CSP P/L +--: | --: | --: | --: | --: | --: | --: | --: | --: +25-Feb | $322.82 | 322.5 | 947 | 0.00% | 77 | 0.00% | 0 | 0.00% +4-Mar | $309.30 | 310 | 947 | -4.18% | 157 | -0.34% | 300 | -1.29% +11-Mar | $318.33 | 318 | 947 | -1.39% | 235 | 0.12% | 300 | 0.48% +18-Mar | $316.33 | 316 | 947 | -2.01% | 314 | -0.03% | 500 | 0.86% +25-Mar | $310.83 | 312 | 948 | -3.59% | 394 | -0.55% | 500 | -0.02% +1-Apr | $323.81 | 324 | 948 | 0.43% | 471 | 1.12% | 500 | 2.22% +8-Apr | $334.72 | 335 | 948 | 3.81% | 545 | 2.80% | 500 | 4.01% +15-Apr | $340.55 | 340 | 948 | 5.62% | 618 | 3.84% | 500 | 5.20% +22-Apr | $339.44 | 339 | 948 | 5.27% | 691 | 3.61% | 600 | 5.00% +29-Apr | $339.76 | 340 | 948 | 5.37% | 764 | 3.68% | 700 | 5.40% +6-May | $327.50 | 328 | 948 | 1.57% | 840 | 0.62% | 800 | 2.34% +13-May | $321.13 | 321 | 949 | -0.29% | 917 | -1.13% | 900 | 0.46% +20-May | $327.65 | 0 | 949 | 1.73% | 941 | 0.83% | 956 | 2.38% +1-Jun | 332.89 | 0 | 950 | 3.46% | 941 | 2.44% | 956 | 4.02% + +The all-in account bought 947 shares at the beginning of the experiment at a cost of $322.82 per share. The market immediately dropped by 4%, which had the most dramatic effect on the all-in account because it had the greatest market exposure. The initial losses were partially offset by the best dividend returns, $373.76, which allowed the all-in account to buy one extra share. The final cost basis for the all-in account was by far the best at $322.82. + +The DCA account bought about 75 shares each week, except for the week of May 20 when it used up the last of the available cash by purchasing 24 shares. This account had the lowest market exposure so it also had the lowest volatility and the lowest dividend of $123.93. Its final cost per share was $325.38, just slightly higher than the all-in account. + +The CSP account wrote three contracts at a $322.50 strike in the first week just before the market dropped. Those contracts were assigned which gave the CSP account an initial market exposure that was higher than the DCA account but lower than the all-in account. It also earned a dividend payment, $197.34, that was higher than the DCA account and lower than the all-in account. The total premium (minus fees) earned during the 12 week period was $7200.19 or 2.4% of the inital investment, which would be a 10.2% annualized return. The CSP account has the highest average purchase price of $327.78, but that is offset by the premiums earned, which brings down the basis to $318.81 per share before taxes. If this was done in a taxable account with a 30% tax rate, the final basis would be $321.51, which is still better than the DCA or all-in methods. +I'm in the middle of an experiment you all might be interested in. I wanted to see if there was any benefit to selling put options to acquire shares vs dollar cost averaging vs lump sum buying. + +Edit: Skip to the end for the most current results. + +Here is the rule set: + +1) The accounts start with a fixed amount of cash and no more will be added. +2) Each account will buy shares according to its own rule and will hold until all of the accounts have purchased as many shares as possible. +3) No market timing or technical analysis is allowed. +4) All purchases must be made in each account at the same time at or near market price. +5) The lump sum account will by as many shares as possible on the first day of the experiment. +6) The DCA account buys as many shares as possible each week using 1/12 of the initial cash supply. +7) The CSP account uses 1/3 of the remaining cash each week to secure as many ATM put contracts as possible. +8) The contracts will be sold on Thursday so that they expire 8 days later on Friday. The strike price will be chosen as close to the market price as possible consistent with maximizing the extrinsic value. +9) Contracts that are OTM one day before expiration may be repurchased at less than 15% of their sale price immediately before new contracts are written. +8) If dividend payments or options premiums allow for the purchase of more shares, then that is permitted as long as the purchase is consistent with rule 4. + +The experiment has been running about a month now. I am using QQQ as the underlying and following the CSP method in a traditional IRA account. The other two methods are just paper trades in a spreadsheet. + +QQQ had a pretty good pullback after week 1, which set the lump sum account back. The sideways trading since then has benefited the dollar cost averaging account slightly. It has a lot less volatility and about 1% more total value. + +The CSP account is pretty interesting. The first week it took assignment on its contracts. After that it was 50/50. The options premium is having a noticable benefit and has pushed it's value about 2% higher than the lump sum account. + +If there is any interest in this kind of experiment, I will post a weekly update for you. + +Edit: + Here are the results so far. They should be updated every Monday + +Date | market | strike | lump sum shares | lump sum P/L | DCA shares | DCA P/L | CSP shares | CSP P/L +--: | --: | --: | --: | --: | --: | --: | --: | --: +25-Feb | $322.82 | 322.5 | 947 | 0.00% | 77 | 0.00% | 0 | 0.00% +4-Mar | $309.30 | 310 | 947 | -4.18% | 157 | -0.34% | 300 | -1.29% +11-Mar | $318.33 | 318 | 947 | -1.39% | 235 | 0.12% | 300 | 0.48% +18-Mar | $316.33 | 316 | 947 | -2.01% | 314 | -0.03% | 500 | 0.86% +25-Mar | $310.83 | 312 | 948 | -3.59% | 394 | -0.55% | 500 | -0.02% +1-Apr | $323.81 | 324 | 948 | 0.43% | 471 | 1.12% | 500 | 2.22% +8-Apr | $334.72 | 335 | 948 | 3.81% | 545 | 2.80% | 500 | 4.01% +15-Apr | $340.55 | 340 | 948 | 5.62% | 618 | 3.84% | 500 | 5.20% +22-Apr | $339.44 | 339 | 948 | 5.27% | 691 | 3.61% | 600 | 5.00% +29-Apr | $339.76 | 340 | 948 | 5.37% | 764 | 3.68% | 700 | 5.40% +6-May | $327.50 | 328 | 948 | 1.57% | 840 | 0.62% | 800 | 2.34% +13-May | $321.13 | 321 | 949 | -0.29% | 917 | -1.13% | 900 | 0.46% +20-May | $327.65 | 0 | 949 | 1.73% | 941 | 0.83% | 956 | 2.38% +1-Jun | 332.89 | 0 | 950 | 3.46% | 941 | 2.44% | 956 | 4.02% + +The all-in account bought 947 shares at the beginning of the experiment at a cost of $322.82 per share. The market immediately dropped by 4%, which had the most dramatic effect on the all-in account because it had the greatest market exposure. The initial losses were partially offset by the best dividend returns, $373.76, which allowed the all-in account to buy one extra share. The final cost basis for the all-in account was by far the best at $322.82. + +The DCA account bought about 75 shares each week, except for the week of May 20 when it used up the last of the available cash by purchasing 24 shares. This account had the lowest market exposure so it also had the lowest volatility and the lowest dividend of $123.93. Its final cost per share was $325.38, just slightly higher than the all-in account. + +The CSP account wrote three contracts at a $322.50 strike in the first week just before the market dropped. Those contracts were assigned which gave the CSP account an initial market exposure that was higher than the DCA account but lower than the all-in account. It also earned a dividend payment, $197.34, that was higher than the DCA account and lower than the all-in account. The total premium (minus fees) earned during the 12 week period was $7200.19 or 2.4% of the inital investment, which would be a 10.2% annualized return. The CSP account has the highest average purchase price of $327.78, but that is offset by the premiums earned, which brings down the basis to $318.81 per share before taxes. If this was done in a taxable account with a 30% tax rate, the final basis would be $321.51, which is still better than the DCA or all-in methods. +I have been documenting the ongoings on SafeMoon for quite some time and posting to this sub. It was strange after my first post that users started complained that the sub went private as I've haven't had any issues accessing it. Regardless, it looks like the Safemoon show is finally over. The Safemoon whales have sold their tokens and the price has tanked. Strewn around the battlefield are the bagholders. It's kinda depressing but it goes to show they sunk-cost-fallocy is a thing. + +&#x200B; + +[1 Month Change](https://preview.redd.it/yzwrqgayc7v91.png?width=1046&format=png&auto=webp&s=3de25a9a31a503da15d670aed348547bb60523fd) + +This is just showing the losses for the past month and **not** the losses from when the majority of Safemoon "investors" FOMOed in at aths. + +&#x200B; + +Below you will see a table that shows the top 20 or so SafeMoon whales. The first column shows the rank and the last three show their total Safemoon holdings, 24hr and 7 day volume change (buys/sell) respectively. The sells are shown as negative. Focus on the purple highlighted rows. + +&#x200B; + +|Rank|Address|Holdings|24hr Change|7 Day Change| +|:-|:-|:-|:-|:-| + + +&#x200B; + +[4 of the Top 10 Whales Started Selling Days Ago](https://preview.redd.it/3mm6m887d7v91.png?width=640&format=png&auto=webp&s=ff463c8f0751f32c567269a0837397a083f666f6) + +&#x200B; + +|Rank|Address|Holdings|24hr Change|7 Day Change| +|:-|:-|:-|:-|:-| + + +&#x200B; + +[4 of the Top 10 Whales Still Selling Today](https://preview.redd.it/pmb719m7d7v91.png?width=1643&format=png&auto=webp&s=a9ad9e7353d5504701547c74cabb6380b0412848) + +As we can see, whales have started selling and are slowly unloading their bags on those who still believe in and hold Safemoon. They know they are facing a loss and are just trickle selling to try and stop the price tanking and to salvage as much funds as possible. + +&#x200B; + +[SM Burn Statistics](https://preview.redd.it/cylzyssgd7v91.png?width=640&format=png&auto=webp&s=e9dbec5f39658d98e2973e9b9553b25e47ef061f) + +Look at all that burning and it has no effect on the price. And inverse effect if anything. + +I saw a few comments on this sub about former Safemoon holders some of who only sold for a loss a few weeks ago, and a single person who decided to never sell and hold till it either recovers or goes to zero. I'm happy at least a few could salvage what they could before it completely collapsed. As for that one dude.....that's honestly on you mate. + +&#x200B; + +Now how does the Safemoon team handle this? Well all of a sudden "investors" are a priority and the team wants to hear from them in a post titled "[Hey Safemoon Reddit, Let's Talk](https://np.reddit.com/r/SafeMoon/comments/y1oo48/hey_safemoon_reddit_lets_talk/)". You'd think sh\*t hit the fan already but this is just a case of explosive diarrhea. The post opens with a statement around the popular sentiment of the Safemoon crowd that "**'We're being censored!' "** and goes on to assure the sub members that they are not censored. Then, well I'll let the community speak for itself. + +&#x200B; + +https://preview.redd.it/ilava1jod7v91.png?width=762&format=png&auto=webp&s=84f1eb221165761beafb78dfe1967443e1300624 + +Not to mention, in that post itself there were **10** **deleted comments** removed(tracked using a Reddit archival tool add-on as well as Revedit) by that/those representative(s) of the Safemoon team, the same person(s) who started the post in the first place. They just deleted whatever comments they made that had a very high downvote ratio, which most of them did anyway. And rightfully so because if you read any of the comments, it's just word salad and coorporate speak. The people who did comment asking hard questions were just ignored. + +&#x200B; + +https://preview.redd.it/58z7tkqqd7v91.png?width=725&format=png&auto=webp&s=d0d39034815c1b0a16a5cac5de00e453b6079d21 + +A very strange reply here considering it's these guys' whole JOB. + +https://preview.redd.it/t8uyf48sd7v91.png?width=725&format=png&auto=webp&s=fbdba03c6efca7cd69d1b1a579853e2018081703 + +And this comment pretty much sums everything up. + +&#x200B; + +https://preview.redd.it/c363xvzvd7v91.png?width=725&format=png&auto=webp&s=9980d1753ba6593c00995e9628adbacaa37a2c42 + +And of course, it was ignored. + +&#x200B; + +This is the part where I would say at least people learned their lesson. Some people learn the easy way and some take a more difficult route. But then the delusion continues... + +&#x200B; + +https://preview.redd.it/194f01myd7v91.png?width=713&format=png&auto=webp&s=60a4c82618bd5b713456987a4e4716674911d8c5 + +Followed by a much more sensible comment + +&#x200B; + +https://preview.redd.it/2ni9d5xzd7v91.png?width=700&format=png&auto=webp&s=57338f5a1fbd1017c22d1e83f26e53a8517f1290 + +So all I can say is that it was a hell of a ride. And I do *hope* at least some people learned something. This may be a casino. but some bets are just *extremely* bad ones. RIP Safemoon, i.e. Rest-In-Pieces +Are salaries in the US amazing or are most of you doctors and stuff or whats going on? + +In Austria I would say 1500€/month (post taxes) is a good salarier. Most average jobs who take 3 years education have around 1200€/month (post taxes) minimum wage. + +When some of you talk about making 150.000 a year like its normal I am confused. That would be over 8000 a month. If I would earn that I could safe 7000 a month no problem lol. + +Would awesome if some of you could post how much you make a month and break down how much of that is taxes, rent... thanks. + + +A year ago I quit my career to travel and went self employed. + + +This is my first year doing a self assessment and downloading and setting up my HMRC app and account. + + +Once set up my HMRC profile is showing that my ex-partner and her two kids are showing under my "Tax Credit" heading with (presumably) her new address and phone number etc, so they've been updated recently. + + +Her and I split up back in 2012, as at the time she had defrauded me out of a not insignificant amount of money, so I know she can be ruthless with money. + + +I've contacted HMRC to notify them of this, and I'm currently awaiting a call back, so my questions are:- + + +What advantage would she have still keeping me on her tax credit (I'm presuming there is some kind of child care voucher or something that makes it worth while to her?) + + +What kind of trouble could she be in? (She's been updating the HMRC of her address and phone number etc, so she cannot say it's an innocent mistake). +That’s really it. I can only work part time because I’m a full time student and I didn’t think I would qualify for food stamps because I have an emergency savings for when times get really rough. They approved me for up to $250/month. I am shocked but truly so excited to be able to go grocery shopping without stressing as much as I used to and my heart pounding when I get to the checkout stand. I’ll obviously still have to plan accordingly but at least there’s a small weight lifted off my shoulder + +TLDR: if you’re a student and you don’t think you can get food stamps, apply anyway because you may be pleasantly surprised +I’m just so confused with all the apes nit picking numbers and having a y far fetched reasons for things. So can someone explain why we are okay with believing The XRT sI %? + + +250 words 250 words 250 words 250 words. 250 words 250 words 250 words 250 word. 250 words 250 words 250 words 250 word. 250 words 250 words 250 words 250 word. 250 words 250 words 250 words 250 word. 250 words 250 words 250 words 250 word. 250 words 250 words 250 words 250 word. 250 words 250 words 250 words 250 word +This happened about a week ago. + +Was heading home from a little road trip and had to stop around about 2 hours away from home for gas. Had the wife and kids with me. Went to fill up and my cards keep getting declined. Try to call the bank and they had froze my accounts due to "suspected fraudulent activity" and said there was nothing they could do for 24 hours. + +No way to access any of my money and didn't have enough gas to make it home. Was starting to get a little nervous. Then I remembered I had some money in bitcoin. I was able to find a crypto atm (didn't even know those existed) within a quarter mile that I walked to. At this atm, I was able to sell some of my bitcoin and withdraw cash from the atm, which I was then able to use to buy gas to get home. + +Insanely lucky I had funds that were practical/useful when my bank was not accessible. And thus I realized the true benefit of Bitcoin. + +Just wanted to share, as I've never seen, firsthand, the practical use of crypto currency before. Here was a situation where I was unable to access a resource through a "respected" financial institution, but i was able to access and utilize crypto currency. + + +TLDR: Stuck out of town and needed gas. Bank accounts frozen but was able to use BTC to pay and get home. +Nothing I post is financial advice, I have severe brain damage and have the functional intelligence of a particularly smart beetle. + +I've heard a lot of talk about people saying "It's not about the money" in regards to $GME but I feel that misses the practical mark. Do any of you ever want to be able to make money on stocks ever again? Because of the possibility of the little guy coming out a little ahead on one stock, Robinhood has trading restrictions on 50 stocks now: https://finance.yahoo.com/news/robinhood-expands-trading-restrictions-50-225241993.html + +This is absurd, this is manipulation of all sorts of companies that have gone in and out of WSB popularity over the years. For instance, they don't want you buying $AMD after they just killed it at earnings? Their PE is only 41, that's nothing compared to the ~180 it was back in June of 2019. It's a much safer bet now, risk wise. They're doing this to put us all in our place. + +I thought I'd outsmart everyone else here and buy into $NOK before it took off, well now $NOK is restricted too. And you know what? I'm never going to make a dime on it if $GME doesn't succeed. It has occurred to me if I ever want to see a return ever again, I need to buy some $GME at market open monday. And I might never be able to sell. Because once we start selling, the price will go down fast and the shorts will win. So the only way to win is to never sell. If we win, we'll bleed them dry and they'll think twice before trying to screw us again. The only way to win is to buy $GME and never sell. + +TL;DR- Buy and hold $GME until the end of time. + ffective **Wednesday 19 September 2018**, St.George will be increasing our variable home loan rates by +0.14% p.a. Rate changes include: + + +* Owner Occupier1 Principal & Interest Home Loan variable rate increasing by 0.14%p.a. to 5.36%p.a. (comparison rate 5.53%p.a.2) +* Owner Occupier1 Interest Only Home Loan variable rate increasing by 0.14%p.a. to 5.95%p.a. (comparison rate 6.11%p.a.2) +* Residential Investment Principal & Interest Home Loan variable rate increasing by 0.14%p.a. to 5.92%p.a. (comparison rate 6.08%p.a.2) +* Residential Investment Interest Only Home Loan variable rate increasing by 0.14%p.a. to 6.46%p.a. (comparison rate 6.62%p.a.2) + +Please note, the above rate changes also include Portfolio Loan, Basic and grandfathered variable rate products. + + +We carefully consider every interest rate decision we make as we know increasing interest rates impacts our customers. This decision reflects a sustained increase in wholesale funding costs. +https://www.theaustralian.com.au/business/wealth/government-banks-regulators-close-ranks-to-protect-homeowners/news-story/ + +Residential property dominates the assets held by Australia’s household sector, residential mortgages account for 62.8 per cent of the debt held by households and the construction industry is the third-largest employer in Australia. + +Consequently, the one thing the government, regulators and the Reserve Bank does not want is a full-blown housing collapse. And for that reason, the probability of experiencing one is very low. + +Property bears should also remember that thousands of property owners have been lured by the government into becoming ­property owners through incentives such as first-home buyers’ grants, mortgage guarantee schemes and, most recently, the HomeBuilder scheme. + +In 2018, I reported that as much as 50 per cent of all loans written in 2014 and 2015 were interest-only. These were due to mature in 2019 and 2020, but only after a 30 per cent cap was placed on the proportion of “new” mortgages banks could write as interest-only. The combination meant that, despite rising arrears and mortgage stress, a large proportion of people who borrowed on interest-only terms in 2014 and 2015 would be forced on to unaffordable “principal and interest” loans in 2019 and 2020, sending the property market crashing via a wave of forced sales. + +To prevent that cataclysm, protect the banks and stabilise the ­financial system, the regulator — the Australian Prudential Regulation Authority — simply changed the rules. + +It redefined what a “new loan” was and prevented a tsunami of ­interest-only borrowers being forced onto principle-and-interest loans. + +To prevent that cataclysm, protect the banks and stabilise the ­financial system, the regulator — the Australian Prudential Regulation Authority — simply changed the rules. + +It redefined what a “new loan” was and prevented a tsunami of ­interest-only borrowers being forced onto principle-and-interest loans. + +Crisis averted + +As investors, we watch rental ­vacancies and employment, auction clearance rates, interest rates and policy settings as well as rent-to-mortgage comparisons, household debt and a raft of other things. + +But I believe that there are far fewer signals investors have to consider. In the very long term, migration is the determinant for property prices. Commencing in 2007 with Kevin Rudd’s Big Australia policy, Australia has witnessed a net migration increase from 100,000 people per year prior to 2007 to about 240,000 per year more recently. + +While many pundits lamented the COVID-inspired cauterising of migration in Australia, they forgot to include the 385,000 expats with secure jobs — who therefore have an ability to access credit and leverage — looking to return to Australia to live. This will drive ­demand for high-end homes as well as holiday homes. + +And property investors should remember that the top-end homes — often referred to as trophy homes — will always work like a call option over the success of any industry. Whether individuals succeed in retail, finance, mining, energy, property development, IT or biotechnology, success fuels the desire to own a trophy home. In the absence of a depression, owners of such homes will always be able to sell to someone who has also been successful, ensuring ­suburb records will continue to be broken if not smashed over one’s lifetime. + +And of course, business success has been sustained by 37 years of declining interest rates. + +So, while migration is arguably one of the most important determinants for property prices long term, in the shorter term it is simply the availability of credit that will influence residential real estate prices. + +On that front, there has been some important and arguably very bullish news. On September 25, the government proposed legislation to remove the responsible lending obligations from the National Consumer Credit Protection Act 2009. The change is aimed at reducing the time and cost of credit assessments for consumers and businesses and speed up lending by banks that had become almost scared to lend after the Financial System Enquiry and subsequent royal commission. + +Josh Frydenberg said the government was seeking to remove a one-size-fits-all approach, noting that: “Responsible lending has become restrictive lending.” + +Loosening the reins on lending by banks, lowering bank funding costs or supporting mortgage funding directly is either directly or indirectly supportive for property prices — and especially when four-year fixed rates are already at 1.98 per cent. + +All up, property owners are a protected species. +There is one caveat however, and that is that the government’s plan to lessen the protections of ­responsible lending requirements faces an arduous journey in the Senate. Labor has heard the cries and petitions of victims of past poor bank behaviour and is working to retain the credit rules. Labor’s financial services spokesman, Stephen Jones, acknowledged there were serious issues relating to the flow of credit, but added that rolling back consumer protection was a “no-go zone”. + +Nevertheless, and on balance, the influences for property prices are overwhelmingly positive. + +To the main fundamental drivers of property prices, such as interest rates, wage growth, access to credit and migration, you must also add the desire by the banks, the regulators and the government to protect the wealth of Australians and the financial system by pulling all stops to avert a property collapse. Add to all of that record low interest rates and you have all the ingredients for a boom, backstopped of course by state and federal governments and a central bank and regulator incentivised to keep the property market supported but not frenzied. +Question as per title - has your frugality affected your friendships, romantic relationships or even relationships with your family? + +By that I mean e.g. have you turned down events or meals at expensive restaurants to save? Have you chosen to live further away from them or moved back home to save on costs? Has your family/friends commented on your saving habits and, if so, positively or negatively? +Alright, listen up faggots. It’s come to my attention recently that some of you don’t know jack shit about options. If I wasn’t already terminally autistic, some of the comments I’ve read in the sub might have made me go full retard. + +With that said, my friend Jack Daniels and I have taken it upon ourselves to get you motherfuckers #LEARNT on some god damn options. While I have little faith that most of you will truly understand the intimate innerworkings and dynamics of derivatives, I have no doubt that a large majority of you will take one or two small pieces of information away from this. The goal here is to get you to the point where you can start overestimating your abilities again, like a good boy should, instead of blind dick swinging, like most of you are currently doing. + +*Disclaimer: I’m going to skip all the boring, possibly foundationally necessary academics behind where the Greeks come from (inb4 Greece), Black, Scholes, and Merton’s research, Ito’s Lemma, and all that jazz. If you want to look it up on your own time, read a fucking book. Hull’s book on derivatives is basically like the bible for this shit.* + +*Credibility: I’m a financial analyst in the risk department of a large insurance company, and work with our hedging portfolio on a daily basis. I also have a Bloomberg terminal that I like to aggressively use so that everyone thinks I know what I’m doing.* + + +--- + + +#Background +There are only 4 Greeks that you really need to know to trade equity options: + +1. Delta +2. Gamma +3. Theta +4. Vega + +If you have at least a modest understanding of these, you’ll be on your way to sweet, sweet tendies in no time. Now onto the gREEEE^EEEEEE^EEks + + +--- + + +##Delta + +Delta is the grand-daddy of them all. The Hugh Heffner of the Greeks. Most of you probably are familiar with delta, because it’s the easiest one. Easier than your sister, which is really saying something. +**Delta represents the relative increase in the price of an option, given an increase in the price of the underlying.** When you buy or sell an option, the price change doesn’t exactly mirror the stock 1:1. Options expire at some point in the future. Stocks don’t expire. + +The implication here is that an option is only valuable if you can exercise it for a profit. Logically, this means that deep ITM options will have a delta pretty close to +/-1 (depending on whether it’s a call or a put), while deep OTM options will have a delta pretty close to 0 (or 100/0, whatever convention you use, the only difference is where the decimal is). **Note:** Option deltas range from -1 to 1 (or -100 to 100 deltas). Calls have positive delta (0 to 1) while Puts have negative delta (-1 to 0). + +If you’re seeing deltas on your trading platform that are not in this range, you’re probably seeing Dollar Delta, which is just: + +Delta x Notional Shares (usually 100 per lot) x Price of Underlying + +**Autist’s interpretation:** The easiest way to wrap your autistic brains around this is to think of delta as *roughly* the probability of the underlying stock price going beyond your strike at expiration. For example, an ATM call has around 50 deltas. That means you can intuitively view it as having a 50/50 chance of expiring in the money. An increase in the stock price would give you even greater chances, hence the delta of a slightly ITM call is a little over 50, and deep ITM calls are close to 100 deltas. An ATM Put has roughly -50 deltas. This doesn’t mean a -50% chance of expiring ITM you fucking idiot, it just means that your option value is negatively correlated to price increases. + + +--- + + + +##Gamma + +Gamma is the least-hyped Greek out of all of them, but definitely one that could cause your portfolio to turn into a shitshow while you’re not paying attention. **Gamma represents the change in Delta, given a change in the underlying price.** + +Gamma is the 2nd order mathematical derivative of price. It tells you how fast your delta will change when price moves happen. Just like speed and acceleration. The second one tells you the rate of change of the first. It can also be interpreted as a measure of convexity, telling you how flat or round something is. Like your flat-chested girlfriend has almost no titty gamma, while Kate Upton titties got gamma for days. Gamma is always positive, and is always largest ATM. + +**Autist’s interpretation:** Think of gamma as the big swing when options go from being OTM to ITM or vice versa. So the next time you see that piece of shit stock hitting all time highs, think to yourself “Holy shit, this dumpster fire might actually moon, better YOLO on some calls real quick”, then it drops by $0.05 and your calls drop 50%, blame it on the gamma. + + +--- + + + +##Theta + +Theta is the turtle of the greeks. Doesn’t move too fast, doesn’t do too much when you poke it with a stick, boring as fuck. But this is where the time value of options comes from, so it’s important that you know what it is. **Theta is the change in option price, given a 1 day change in time**. + +Short option positions have positive theta. Long options positions have negative theta. This means that the marketable value of the option decays each day it comes closer to the expiration date. Less time to expiry = less time to moon, which means people will pay less for it. This is essentially how options selling strategies make their profits. They bet that the price won’t move that much, and most of the time, they’re actually right, because dumb cucks like you are willing to pay those prices. + +Like gamma, theta is also the largest when an option is ATM. As time passes, theta becomes larger and larger. The implication here being that the last week of an option’s life, theta will be exponentially larger. + +**Autist’s interpretation:** Think of theta as the shot clock. It keeps ticking away, no matter if the game is exciting or boring. If it’s a really close game (i.e. the option is ATM), then the shot clock is pretty much the make or break thing for you. If the game is a blowout (option is OTM) then it doesn’t really matter that much. When it comes down to the final minute, and it’s make-it-or-break-it for your shitty, shitty, poorly thought out March Madness bracket selections, you’re literally ripping your hair out because you’re on the emotions express, screaming “WHAT THE FUCK WAS THAT, REF? ARE YOU FUCKING BLIND?” and then cry and piss yourself in the corner. That’s the only time theta really matters. + + +--- + + +##Vega + +Possibly one of the most misunderstood Greeks, and 105% of the reason behind why RH faggots try to get their trades reversed. **Vega is the change in price of an option for a 1pt increase in the implied volatility of the underlying**. + +Now, some of you faggots may know what implied volatility (IV) is, others think you do. No one actually does, because it’s a fucking made up concept in order to get the math to work. The short bus explanation is that implied volatility tells you how much people buying and selling options think that the underlying price has the potential to move in either direction before expiration. + +I’m not going to go into how it’s backed out of the Black-Scholes pricing model, or how implied volatility actually represents an estimated annualized 1 standard deviation (68.27%) interval assuming a gaussian distribution of continuous time price movements (specifically addressed to all of you elitist NERDS out there, cash me in the comments, howbow dah?). + +Implied volatility is the only unobservable and incalculable input to an option’s price. It’s literally made up. Historically, it hangs out somewhere between 5-10% above historical realized volatility, but when or why it jumps or drops is purely based on the dumb cucks who are trading the options. + +The important distinction here is that **Implied Volatility tells you whether an option is relatively expensive or relatively cheap. Vega does not.** Vega just tells you how sensitive an option’s price is to changes in the will of the people. + +Both calls and puts have positive vega. Intuitively, this means that when people think the market will move sharply in either direction, options increase in value, because people want protection (or phat gainz). + +**Autist’s interpretation:** Vega tells you how much you’re fucked when people lose interest in a hot meme stock after it doesn’t moon, or when people unwad their fucking panties after some good ‘ol Thursday action. + +--- + + +#In Conclusion + +Hopefully you retards made it this far without wandering off to try and hump a doorknob. If so, congratulations, I hereby award you 10 good boy points. If there’s enough interest, and I can find more whiskey, I might do a part 2 on basic options strategies and how to completely misapply them. + +𝒩𝑜𝓌 𝑔𝑜 𝑔𝑒𝓉 𝓉𝒽𝑜𝓈𝑒 𝓉𝑒𝓃𝒹𝒾𝑒𝓈, 𝓎𝑜𝓊 𝑔𝓇𝑒𝑒𝒹𝓎 𝓁𝒾𝓉𝓉𝓁𝑒 𝑔𝒶𝓎 𝒷𝑜𝓎𝓈. + + +**Edit:** Thanks for gold, assholes. Feels like being captain of the short bus for a day. +If nothing else, interesting marketing on their part given all I've been hearing around reddit and other finance forums about the race to 0 commission fees would basically be subsided by trade order execution + +https://www.cnbc.com/2019/10/11/fidelitys-kathleen-murphy-explains-move-to-offer-zero-trading-fees.html +Hi, + +Every time I think it is too risky to put cash in stock, the market goes higher and higher. Every time I see [this](https://imgur.com/a/MMkC1JS), I feel that there is something wrong and it is not a good time to enter now. Should I wait until the market cools down a little bit, or to do dollar averaging regardless of the current performance? +Like it’s annoying but funny at the same time reading crazy human’s market manipulation comments every day + +More annoying is there is no reasoning provided + +Sounds like an old man with gold stored in his basement who doesn’t believe in money or government or anything but his gold +After talking to an RESP consultant, and hearing the outrageous fees they charge, I have decided to manage my newborn's RESP account myself on Questrade. + +My plan is to invest $210 monthly for 14.5 years, which will capitalize on the 20% Ontario grant, max $500 per year, max $7200 per child. + +I'm wondering if I can get some opinions on the investment strategy. + +With an 18 year timeline, I figure I could go all equity ETF (I like a combination of XAW and VCN, although I know there are single ETF's that effectively do the same) for the first 13 years, and for the remaining 5 years, start leaving equities and start purchasing bond ETFs. + +Does anyone have any suggestions on the following: + +* For an 18 year timeline, does 13 years of equity ETF's make sense? +* As you get closer to the date you need the money, what % of bonds do you suggest? as you get 5 years, 4 years, etc closer to the end +* For the final year, assuming market hasn't crashed, would a GIC make sense to not lose anything in that final year? +* What ETF's are good for bonds? + +TIA!!! +Preliminary data shows a drop of 28.3% in foot traffic at U.S. retails stores on Black Friday as compared to 2019 levels. + +Sensormatic Solutions found that the drop was even bigger for Thanksgiving Day, visits to brick-and-mortar stores plummeted by 90.4% compared to 2019. Retailers including Target Walmart and Best Buy chose to remain closed on the holiday. + +On a positive note, in-person shopper traffic on Black Friday was up 47.5% compared with 2020, when many shoppers stayed home. + +Traffic was closest to returning to 2019 levels in the South, followed by the Midwest and then the Western U.S., according to a report from CNBC. + + https://www.benzinga.com/node/24317896?utm_referrer=https%3A%2F%2Fwww.benzinga.com%2F&utm_source=https%3A%2F%2Fwww.benzinga.com%2F +Crazy cross post from the German finance subreddit, translated to English: + +https://www.reddit.com/r/Finanzen/comments/y44832/entsparphase_f%C3%BCr_fire_in_deutschland/ + + +> Hi, I'm currently planning my savings strategy for the time after FIRE and wanted to ask for suggestions on how I can optimise my situation. It will definitely be at least 3-5 years before that happens. But I would like to set the course. I plan to stop working when I'm about 40. I've been working towards that since my early 20s, living very frugally and trying to educate myself in this area. + +> **Overview** + +> About me, I am 35, work in IT and have private health insurance. I have only paid a total of €1,900 into the pension fund and have accumulated less than 5 years of contributions. I have a holding company to which I have lent 340k (current account) and receive interest at 0.5% p.a.. The holding company owns 50% of an operating limited company where I work with a friend as an IT consultant. Furthermore, the holding company has another subsidiary in which a few properties have been lost. So far, I have a multi-family house and a flat there (still being paid off, the rents pay for loans and maintenance). I am the managing director of the three companies. Furthermore, I privately own a flat near a large German city that is already paid off. I manage a total of 5 tenants (3 in the house and 1 in each flat). I myself live with my girlfriend for rent. + +> The holding company has a portfolio with Interactive Brokers. Currently the net liquidation value is about 630k. The portfolio currently generates about 20k in dividends. I write covered calls against my positions and sell spreads or iron condors on the SPX quite frequently. This also generates about 10k/year. The options strategy is more volatile and is cut back a lot in the desaving phase. + +> The condominium in the private assets generates about 10k/year. + +> The real estate in the Immo GmbH generates a return of about 18k/year, but there are still payments to the bank. The cash flow from here is something for later (20+ years). + +> If there is a need, I can go into more detail on the individual positions. However, this is primarily about optimised ways of paying money to me as a private person with as little tax and social security contributions as possible. + +> **Health insurance** + +> For health insurance for pensioners (KVdR), I have to join the GKV until about 40-42 (90% of the 2nd half of my working life). There is the option of voluntary or compulsory insurance. I consider it better to be compulsorily insured [1], as capital and rental income are not included in the income subject to compulsory contributions for calculating the SHI contribution. + +> My favourite choice is the midijob. I plan to earn €1 above the mini-job limit. That would currently be 521€. This means that I have to pay €0.30 in private contributions and the employer pays €147.04. For 147.34€, there is then contribution time for the pension and 68.01€/month into the pension fund, as well as compulsory insurance in the GKV. This gets me out of PKV and my GKV time pays into the compulsory time for KVdR. + +> This leads to annual income of 6,252€ (12*521€). These are subject to income tax and social security (which is intentional). The employer's contribution is 1,764.48€ (12\*147.04€). I plan to give up my managing director position in the operational GmbH and take a midijob in the same company. My business partner agrees to this. I get procuration and can continue to help with the administration. The costs for the midijob (6,252€+1,764.48€ = 8,016.48€) are charged by the operative GmbH to my holding company. Thus, these are operating expenses in the holding company. + +> **Income exempt from social security** + +> In order to fill the free time I have, among other things, thought about giving IT courses and/or financial planning courses at schools. I have acquaintances and business friends who also want to pursue social/charitable goals. For this purpose we are planning to found a non-profit association. For my non-profit work in the association, I will receive an exercise leader allowance of 3,000€/year and a voluntary work allowance of 840€/year. My holding company will donate the money to the association. Because the association is a non-profit organisation, a profit-reducing donation receipt can be issued. The donations are business expenses. In the case of me as a private individual, the income is exempt from income tax and social security contributions. + +> **Current account interest** + +> My holding company owes me 340k as mentioned at the beginning. Interest must be paid on this debt. I would prefer to have it without interest, but this is not possible without disadvantages. I get about 1,740€ in interest per year. This is free of social security contributions but subject to income tax. Capital gains tax does not apply here either, as the interest payments come from my 100%-owned holding company. + +> **Rental income** + +> My paid-off flat generates 10,000€/year in rental income. The money is social security-free but subject to income tax. + +> **Interim summary** + +> The income so far amounts to 6,252€ (midijob), 3,000€ (lump sum for exercise leaders), 840€ (lump sum for voluntary work), 1,740€ (interest income), 10,000€ (rental income). Midijob, interest and rental income (6,252€+1,740€+10,000€=17,992€) are subject to income tax. Except for the rental income, the money comes indirectly from the holding company and reduces profits there. + +> **Other income exempt from social security and income tax** + +> **Private deposit** + +> I have chosen the positions and size of my private custody account in such a way that I get the saver's allowance of €801 out of it. If this amount is increased, I adjust my positions so that I can use the higher saver's lump sum. For now, I'm assuming €801. + +> **Loan repayment** + +> As mentioned above, the holding company still owes me 340k. If I repay 11k of this annually, that will last me for about 30 years. If I started immediately, I would then be 65 years old. Just in time that I would be in the KVdR. + +> **Vouchers** + +> As mentioned at the beginning, I am the managing director of my holding company and my Immo GmbH. I will then become a midi-jobber in the operating GmbH. So I will have 3 permanent jobs. Each employee can receive 50€ in vouchers per month. That is 350€/month for me. So 150€12=1.800€/year. Currently, I already draw the vouchers and do our weekly shopping with them. + +> **Crypto profits** + +> Privately I stake Ethereum with Rocketpool [3]. I only have a mini-pool so far. The second one is currently being saved. The mechanics of Rocketpool allow me to control when I pay out the tokens with the Rocketpool tokens. As a private person, the inflow principle applies to me. Here, I can comply very precisely with the exemption limit of €600 according to § 23 EStG [4]. In other words, I plan to sell Rocketpool tokens and Ether worth €600 per year. + +> **Balance sheet** + +> The income tax-free income amounts to: + +> 3,000€ (exercise leader flat rate) + +> 840€ (honorary lump sum) + +> 801€ (saver's lump sum) + +> 11.000€ (loan repayment) + +> 1.800€ (vouchers) + +> 600€ (crypto profits) + +> This makes a total of 18,041€. + +> The income subject to income tax amounts to €17,992 - as described above. This triggers a social security contribution burden of €1,764.48. + +> The income subject to income tax of 17,992€ exceeds 10,347€. From this sum, income tax is due in 2022. Income tax must be paid on 17,992€-10,347€ = 7,645€. This would amount to €1,623.64 in income tax in 2022. The income tax can be reduced by offsetting the costs for the association's work and the privately owned property, as well as travel costs for the midijob. Possibly also property visits in holiday resorts, for which lump sums for distance and meals can be deducted. Tips on how to further reduce income tax would be welcome. + +> In the end, that makes €34,408.35 net per year, or ���2,867.36 per month, with a total tax burden of 13.27% at the limited liability company and private level. + +> I could already pull the ripcord and stop or very much reduce my operational work. However, based on the figures, that would still be too risky for me and I would like to see my portfolio in the 7-digit range and also have enough on the side to be able to redeem the remaining properties after the fixed interest period (8 years approx.), if the loan conditions appear unfavourable. That will be about 270k. The more I have in my war chest, the more likely it is that I will be able to support my girlfriend with it. + +> Do you have any suggestions or ideas for other income tax-free ways of drawing money out of the holding company? What do you think of the plan? Have I made a big mistake somewhere? I am aware that the case law can still change. I take the whole thing more as a rough plan. The association has to be set up. The second Rocketpool still has to be saved and set up. + +> [1] https://www.bundesgesundheitsministerium.de/beitraege.html + +> [2] https://www.ihre-vorsorge.de/rechner/midijob-rechner.html + +> [3] https://rocketpool.net/ + +> [4] https://www.gesetze-im-internet.de/estg/__23.html + +> [5] https://docs.google.com/spreadsheets/d/e/2PACX-1vSo5l9f8vknwSQBbp23Tvx-49-oi_M5chb_HgWQDFdLNYLrQvPsmpSB3Q5ZweBfvzSEa9H0G7qFRfZt/pubhtml?gid=650430727&single=true + +Translated with DeepL free version https://www.deepl.com/translator +There is one simple issue with fiat, and all other government fiat for that matter. + +Bail Ins + +I can post my Bitcoin number here and there are still protections that will prevent me from losing everything. + +I understand that there are precautions I can take. Paper dollars, coins, spreading funds and keeping cash out of banks. + +None of these options make me feel comfortable enough to risk a substantial portion of my hard earned wealth in an government currency which has proven time and time again to be susceptible to manipulation and theft. + +I desperately wanted fiat to work and I am disheartened to submit to bitcoin which essentially makes me a free man to a federal government/reserve bank. + +Good luck to you all. +So with cannabis stocks up big yesterday and today, I had an idea just to get some quick capital. + +Buying 100 shares of TLRY at $7.62 and selling Jan24 $8 strike for $3.45. + +Assuming I don't really care much of the stock and am just doing this as a momentum play, what's the downside other than the security itself losing value? $345 is 45% of the cost basis so I figured its a good premium, and if the option gets exercised it would still be a net gain for the stock. + +I could also just sell a weekly $9 strike for about $70 in premium. + +Thinking of doing something similar for CGC as I already have 25 shares. + +What do you all think? Is buy high IV stocks just to sell very near OTM calls a thing? + +Edit: Thinking that I might "lose out" on the value of TLRY if it continues to rocket (which I am thinking is more of a buy the rumour, sell the news), I do still have CGC which should appreciate some as well. +It's proof of work, limited supply like BTC (84m), no pre-mine. Good for payments, widely accepted everywhere that BTC is, it's decentralised, and the creator sold his LTC in 2017 to free it from any centralisation. 10 years old and has stood the test of time, is still being actively developed. + +It clearly works very well as a payment system, and if we consider BTC digital Gold, could litecoin be considered silver? Silver is much cheaper than gold, less desirable, but has its usage and just quietly goes about its business. + +People praise BTC for many aspects which LTC also has, and arguably does some things better, yet it kinda just sits there, existing. + +I'd love to see some of your perspectives on it. + +I did try to post this to the bitcoin sub, but quelle surprise it wasn't approved, because anything other than BTC is a shitcoin, amirite? +So my portfolio has recovered tremendously and I'm up more than I could've imagined since being -75% 2 weeks ago. + +My account has been steadily going up and my winners haven't made me "excited" I guess. However, my losers (generally a small % of my portfolio) hurt a lot more than my winners make me happy if that makes sense. I shouldn't be upset because overall I'm up a lot and yet my losses make me sad. Does anyone else relate? +I'm turning 62 this year, and thinking about when to draw SS. Right now, I'm leaning towards drawing it this year. Here's my reasoning: Most of my brothers-in-laws died in their 50's & 60's. Dad only made it to 62, and never got a dime from SS. I just get a nagging feeling that I may not live a long life. Drawing it now would allow me to give more to charity. + +On the other hand, drawing SS at 70 results in a 75% higher benefit compared to drawing at 62. I have assets and really don't need the money now. What do you think? +So let me get this straight. GME gets a social media FOMO wave because of a quality post that hits all and your reaction to this is “WTF THEY ARE ATTACKING US”? + +The amount of insane paranoid bullshit I’ve read since yesterday is sickening. + +- you can’t buy shares the same day (yea you can) +- the posts are similar (of fucking course they are, you have hundreds of people karma farming off other titles, check titles of DRS posts, exactly the same shit) +- coordinated attacks, forum sliding, blah blah + +Do you understand what FUD means? Fear, Uncertainty, Doubt. + +How in the trillion hells is seeing a FOMO wave one of those? + +Why is the notion of new people asking basic questions so foreign to you that you think it’s an attack of some kind rather than - gasp - A PERFECTLY NORMAL THING TO HAPPEN? + +What do you think will happen to FOMO people when you start freaking out and call them names, shills and shit? + +There will be no FOMO wave. + +Way to go. Jesus. + +P.S. DRS you beautiful retards +The [House Financial Services Committee Report on GameStop](https://financialservices.house.gov/uploadedfiles/6.22_hfsc_gs.report_hmsmeetbp.irm.nlrf.pdf) recommends giving the DTCC & NSCC more money.