diff --git "a/reddit_finance_43_250k_425.txt" "b/reddit_finance_43_250k_425.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_425.txt" @@ -0,0 +1,10000 @@ +I'm also doing this to get some aspirational commentary going for the DAO as well as ETH. After watching Bitcoin's amazing run a couple years ago from just a couple pennies per BTC up to now nearly $500 per BTC, I feel the most successful early investors had to be quite aspirational in their thinking with bitcoin to have bought or mined early on and been able to have held throughout the thousands of percents increase in price. Furthermore they had to be and seem quite irrational to layman, but yet logical, at the time in their thinking. + +So here's my 40,000-foot aspirational thoughts and timeframes on DAO achievements: + +-Within the next 30 days we'll be seeing a lot of publicity for the DAO after it shatters the previous "Crowdsale" record held by a video game + +-Within 90 days we'll be seeing this publicity lead to public curiosity and likely some first-time FOMO-buyers on exchanges for DAO, similar to what has happened with ETH this year and BTC years ago. + +-Within 120 days we'll start to see proposals, good and bad, start to come in, including Slock's. The 'best' proposals get funded. + +-Within 150 days competing "alt-DAOs" start to form, trying to replicate "The DAO". Maybe some are straight up replicating The DAO while others claim to be different (perhaps they only claim to accept proposals with equity). Most of the 'best' companies don't even touch these other "alt-DAO's". + +-Within 365 days with Ethereum looking to flip the switch on Serenity, ETH price reaches levels that put it close to BTC's current cap which also means that other DAO's really can't even come close to reaching "The DAO" USD valuation and ETH capital levels now + +-Within 500 days the 'best' companies' products start coming to market with "Created by The DAO and Ethereum" marks, leading to more publicity, more curiosity and more FOMO for The DAO and ETH + +-Within 700 days the fees from these products start to flow into The DAO tokens and, if it's not already trading at a massive premium, we start seeing tokens trading, perhaps conservatively, at 100+ Price-to-Earnings ratios, similar to an average high-growth stock which in turn gets more publicity which creates more FOMO and higher DAO prices, higher ETH price and overall a vicious positive feedback loop across the whole ETH system + + + +Edit: speaking of being aspirational...Griff from Slock: + "The plan is to get some other major manufacturers of commercial tech to add the Ethereum Computer to their devices, **Xboxs, Playstations, Rokus, wireless routers, smart device hubs, etc**... " +https://forum.daohub.org/t/recovering-ec-production-costs-brainstorming/1477/23 + + +It's difficult to track GME's short numbers, but with EVERY AMC DROP, the available shorts for AMC would decrease. I have been monitoring this all day via [https://iborrowdesk.com/report/AMC](https://iborrowdesk.com/report/AMC).The numbers would fluctuate depending on the price. I am confident this is the case for GME as well, since they literally move in sync with eachother. + +I added to my positions in both and I am not selling. The gamma squeeze potential for both AMC and GME is monumental and they are doing everything in their power to stop us. + +Do not let them win. Do not fall for the tricks, smoke and mirrors. Do not fall for all the FUD accounts and tweets. Buy and hold. Today and tomorrow are super important to us. + + +Edit: Goes without saying. Them doing this just makes the eventual squeeze that much harder. +***edited to address somr of thr most common comments i am getting :) + +Clarity - I am in Canada not the USA. I am a female. Late 20's. Small rural community on an island. + +In my early 20's I made many foolish decisions financially. I grew up poor and didn't know anything about money. Now that I am in my later 20's I am paying the price. Literally. +So I started working on ways to save money, make more money, make my life simpler, live within my means, and work towards eliminating a certain portion of my debt and possibly consolidating the rest in a debt counseling program. +But mainly what this post is about are some simple ways to help people get started, or make a difference. +Maybe you have thought of some already, maybe not, but if this helps anyone out even a little, then it is worth my time typing it up! + +In no particular order, these are some steps I have taken since the beginning of 2016. For clarity, I am a Canadian woman. + +~switched to a no-fees bank account, that also pays interest. So I save money, and I make a little extra from the interest. Every dollar counts. +My old bank was charging me $14.95/month for my checking and savings account. No interest paid. Charged for checks, and charged for services such as a Stop Payment. +My new bank (Tangerine) charges $0/month for my checking and savings. They pay a small amount of interest on balances in checking and savings. First book of checks are free. 1 free stop payment a year. +Overall this saves me about $200 a year give or take. And i am not sure what the interest will be but more than 0 so it is good. + +~Called both of my credit card companies and asked for the lowest possible interest rate. Both were able to do so. +Card #1 lowered my interest rate from 19% down to 11%. +Card #2 lowered my interest rate from 19% to 11.9% with a once yearly fee of $60. Just goes to show you it never hurts to ask. Communication is key. ***Most companies would rather help you, or make a payment agreement with you, than pursue your account and send it to collections <---- they will lose money if they do this. + +~Went meatless. Look it's not that hard. It is so much less expensive. Fresh fruit and vegetables are cheaper than meat where I live. Yes I get more than enough protein and I am incredibly healthy and fit. I can make many delicious meals. +You also tend to spend less going out to eat because there aren't as many options. This is a good thing. Good for your health and your wallet. No fast food. No chain restaurants. I REALIZE THIS IS NOT FOR EVERYONE OK THANK YOU :) but it can help some people. + +~Sell items I don't need or want. 2 Lululemon hoodies. Dirtbike gear that I likely would not use again. Etc. Used the money for sensible things like groceries and my overdue credit card bill. + +~Get a cheaper cell phone plan! Another one of those "at least you can ask" scenarios where your provider may give you a deal if you've been a customer for a long time. If they don't, shop around until you find a good deal. The BEST times of the year to do this are "back to school" (late aug - late sept), or Black Friday (this is usually a whole weekend of deals in store and online), and Christmas. Often $0 phone deals, good plans, extra data especially around back to school. You can also search online for deals. + +~this one may not be for everyone but I needed a bed, and I did a lot of research... ended up buying a hammock and a stand instead of a mattress and frame. OK WAIT. I know it sounds odd but... the whole setup was $250, *edit - i checked my receipts and it was $166.87 CAD. It saved me a lot of money. & my back is fine thank you to the many commenter who were concerned about that. But there are entire countries where a hammock is normal for a bed and they all can still walk and function. I appreciate the concern however. Thank you all. + +~take people up on their offers to help. Really, my friends and family have been great. They often offer help (I don't mean give me money) and I rarely take it. But this year I am trying to change my ways. A friend offered me a few months rent free in his apartment. It's fully furnished except the bedroom I'd be in. I accepted and am eternally grateful. For my birthday my dad offered instead of a tangible gift (I didn't want gifts anyways, and I am trying to cut down on "stuff") that he would pay off the remaining $500 on a student loan I took out in 2007 and had paid down from $10,000 down to $500 in 2016. That loan is now eliminated completely from my monthly bills. This also isn't for everyone. + +~Cancel your gym/yoga/pilates/karate memberships. You can do almost any workout at home using your computer and YouTube. Its free. I'm assuming you have the internet of course, but most do You can also make a one time investment in a dvd or two if you don't want to use up data or you'd rather use a TV and can't hook up your phone or laptop to it. You can fill old milk jugs with water and use them like kettlebells. You can do squats, lunges, jumping jacks, burpees, pushups, yoga, planks, and much more without any equipment at all. Maybe a mat and again that would be a 1 time investment. Sometimes if you can't cancel the agreement you can transfer it to someone else. I have done this in the past using Kijiji. This will save you on average $50/month, or $600/year. IF YOU ARE A GYM LOVER I GET IT OKAY :) You don't have to do this - I hope to re open a member ship when I can. It is a temporary money saving tactic for me. Best of luck on your gainz. + +~Assess your car insurance. I went in to renew my insurance and was able to get it from $140/month to $109/month. I could save even more ($29 finance fee & %2.5 interest) if I purchased the insurance all at once, and didn't pay through monthly installments, but I do not have that much cash set aside unfortunately. ***This reinforces the often pointed out fact in Personal Finance threads that having personal savings is just as important as paying down debt. + +~Get a 2nd part time job. I am working 2 jobs with strange hours right now. So I have applied for 2 jobs in the hopes of getting another (3rd)one to supplement my income. One of the jobs is a part time overnight stock position - not terribly exciting or rewarding BUT it is not forever and it is extra money. The other job is only for 2 months but it pays well, working for the Federal Census (big survey Canada does to discover info about demographics). Fingers crossed. If I get neither of these positions then I will continue to apply for other similar ones and work as much as I can in my original job as well. So I am trying to bring in extra money. + +~change the way you give gifts. I am trying to give people less "stuff"... consume less. So I sometimes make a donation to the SPCA in the name of the gift recipient. Or to a cause close to that person's heart depending on their individual personalities and life experiences. Or I buy some groceries and we make a meal together. Or have an "everyone bring 10 bucks" party and order as much vegetarian take out we can get with the total. (may have to adjust a bit depending on where you live but you get my drift) this is also not for everyone I get that. My circle is ok with this. Not everyone will be in the same boat. + +~make an honest budget. get out your calculator. Make all those columns and lines. Fill in every little thing. All your bills. All your vices. How much do you really spend on groceries? (Hint - look back through 1 month of bank statements, you can do that on any banking app, any mobile website for your bank, any paper bank statement) How much cash? where does it go? Gas stations for fuel? Get areal clear picture. It will help you. Remember, keep 10% minimum of every paycheck aside in a savings account for you - whichever one will give you the highest interest rate while still allowing you access to your funds (and I always have a few rolls of loonies and a few 20's stashed as well just in case) and incorporate that into your budget. + +~consider seeing a non profit debt counselor. They can often help you lower or eliminate your interest and other fees, consolidate your debt into one monthly payment instead of spreading your money between all your debts and trying to just make the minimum payment on everything. *Note - some debts, such as student loans, are not eligible for this service. Please do the appropriate research. + +~stay away from shopping malls and TV. Malls make you want ot spend money. Don't go places where the temptation will be great. TV commercials make you want to spend money. They are designed to do so. You don't need any of that crap. It is not as important as what you are saving and working so hard for. Opening your own business. Taking a program at College. Going on a trip. Being debt free. All of these things are more important than a new shirt or the latest shoes or KFC or the latest cell phone... + +~Walk more. I have a car. But I live within a reasonable walk to a Loblaws Superstore (kind of like Wal Mart for those of you not in Canada) & a pet supply store (for dog food). Save the gas. Save the wear & tear on your car. + +~if you're partnered, do free or very cheap dates. Fly kites somewhere cool. If you don't have a beach you might have a cliff or the roof of a bulding... flat roof... haha. Make a craft. Have a cook-off. Go for a walk where 1 of you is blindfolded and the other one has to guide you over obstacles. Do chin ups on the monkey bars. Go to an open mic night for music and atmosphere. Read aloud on the beach. Go for a drive somewhere to watch the sun set. Write down your goals and then burn them off a candle flame into the wind. You know just think outside of the box. + (I am single and not interested in dating for a while when I'm sorting out my life so idk just suggestions) + +Most of all just don't give up and keep making changes in small ways and you will get there. I was so hopeless a year ago and now I am starting to feel better. Things are starting to look up. I am still in a huge amount of debt but now I have made a dent in it and have a plan to continue doing so. I am able to sleep better at night knowing I am really doing everything I can think of to make my situation better and I am constantly looking for new ways and new ideas. +Like I said not everyone can do all of these things but everyone can do at least 1 or 2 of these things, even right now, today, after reading this, you can do some of these things right away. Don't procrastinate. And keep your chin up. +=) + +edited - clarity + +*huge thank you to everyone who left supportive comments. I have been struggling for a long time and feeling very ashamed for getting so deep in debt. +I apologize for not posting in /r/frugal +This post is directed towards the seasoned bitcoiners here. + +Now that the price has gone up quickly, we've gotten a lot more attention. You're used to - for the last few years - arguing with a high percentage of trolls and shills. Those aren't the same types of people joining the discussion now. + +So when you see a poor argument about why bitcoin is bad, treat it as a teachable moment. Don't be combative, even if the person to whom you're responding acts like they know everything that's wrong with this thing they can't believe people are still using. Smart people can be impolite sometimes, and even get upset when a long-held belief is challenged. They can learn more about the protocol, the economics, and the movement behind it. You can learn more about the practical concerns and common misconceptions you may have forgotten. + +We already know bitcoin is awesome, but for everyone else it's intimidating. By responding to condescension with patience, _you_ can help Bitcoin adoption. +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 been reading a lot of posts about how one could at a maximum spend about 30% of your take home pay on renting a house. + +I just moved to a new city for a new job and while searching for a house on rent, I found this place that costs 25k for a 2BHK. +My annual gross salary with this new company is approximately 18lacs. Given this salary range, I'm thinking 25k for a house within the advisable range. + +I would like to know and understand if there is a model/a guideline that you follow. Or have you attempted to move on from renting a house to buying one? + +[cross posted from r/indiaspeaks] + +Edit: just to clarify, I'm talking of my case where I'm married and my wife does not work. +Ideally, what is the maximum percentage of the salary that should be going towards rent? + +I am reading about expense ratio and trying to understand them. However I dont think I understand how and when it is charged and how do I calculate it to check how much I have lost to it. + +Let's assume I have invested in a mutual fund with 2% Expense ratio. + +I started the SIP for 2000 from Jan, 2018. I am planning to invest in this MF for 5 years. How do I calculate how much will I lose to expense ratio ? Is 2% charged every year on the total invested amount ? + +2% will be charged on 24,000 in the first year, and then 2% will be charged on 48,000 second year ? +While filling for last financial year, I discovered some of the rules/provisions have changed or new deductions are added Which I was unaware of. + +To be prepared for next, what deductions are available to salaried person for this financial year that useful? + +These are basic that I know. + +* 80c - Investments +Limit - 1.5L +Includes - ELSS, NSC, PF, EPF, tax saver FD, Life Insurance. +* 80D - Medical Insurance +Limit - + * 25K for self, spouse, children + * additional 25k for parents aged below 60, 50k parents aged above 60. + * 5k - preventive health check up to individuals +* 80DDB - Medical Expense +Limit - 40k for self or dependent relative for medical treatment of specified disease or ailment. +* 80G - Donations +Limit - None +* 80TTA - Interest earned from savings account +Limit - 10k +* 80GG - House Rent, if HRA isn't provided +* 80E - Interest on Education load paid +* 80EE - interest on loan for first home +* Section 87A - Rebate on tax + * whole tax, if income is less than 3L + * 2.5K, if income is b/w 3L - 3.5L + +Let me know if there are other sections under which a salaried person with only one source of income can claim tax rebates. +So i have done this a couple times before. Idea is to share a personal experience of managing my personal finances so that it gets review and i can document the things that i consider and can have a look at it on a later date seeing how my view has changed and help me keep focus on my goals + +If you want you can look at the old posts linked below in order to get an idea about how personal finance has changed for me and may be it can be helpful for you too. + +[Original Post](https://www.reddit.com/r/IndiaInvestments/comments/2rmjtz/need_review_ofsuggestions_on_my_personal_finance/) Jan 2015 + +[Update 1] (https://www.reddit.com/r/IndiaInvestments/comments/3wrd9y/update_on_my_personal_finance_after_almost_a_year/) Dec 2015 + + +**Below was my original plan from last year and how it was executed actually** + +>I have stopped the SIPs for rest of the year after nifty climbed back from 7800-8000 as I had some expenses coming up or incurred already which I didnt consider earlier. Especially kids birthday, property tax, diwali shopping and lic payments. + +Boy was I wrong about the Nifty and stopping SIPs. I wish I had continued to invest in it at the same levels I was investing initially. I stopped for the coming expenses and never started again waiting for the market to come down a little + +>Also wanted to increase the emergency fund. + +At least I was successful in increasing the emergency funds. Its now approximately 6 times of my monthly income, 9 times my family's monthly expenses and almost 12 times my contribution to the family's monthly expenses. Basically I wanted to have an emergency fund which took care of my contribution to family expenses for 12 months. I have done this and will now stop at it. + +>And have some additional cash available so that I can invest it if market crashes like it has in last few weeks. + +I have also gathered some additional cash for investing into equity when market drops. I did invest some of this in 2017 when market took a small drop but it again bounced back. I am still not sure what to do about this money. More to this below. + +>Lastly throughout last year I continued to make additional lumpsum investments into mutual funds on every correction of 200 points or more. So I am much more confident of handling market ups and downs now. + +I am still confident that I will invest when market starts to drop but I am not getting those opportunities as frequently and consistently as i hoped for. + +>I am also planning to move completely to the lumpsum investments and stop SIP all together depending on how I handle next 2 to 3 months of above mentioned expenses and the fed rate hike related ups and downs. + +I am again starting SIPs but this time my asset allocation is changing a lot. + + +**Comments from last post, And my reply considering what i know now** + +>/U/MUTHAFUCKAAJONES and /U/minvest said "Timing the market is futile" (And i am sure many others who read the post and thought the same) + +So yeah, I agree it is futile. Lesson learned + +/U/reo_sam +>Simplify things so that you can write the entire system easily, and it can be understood by your wife, if you are not there. + +Will is written, its unregistered as of now. Copies shared with my parents and wife. + +>I don't like the 4 * 4 SIPs a month. That is completely useless + +I am much more comfortable in one SIP per month now compared to back then. So this is definitely changing + + +**So whats the new plan** + +One major change in Plan is that now we want to get read of our home loan. We were able to get a loan for extended period for lower interest rate due to work benefits. This has allowed my family to save more. This also means that I can actually save as much as my home loan in next 2 to 3 years. + +Since the redcued loan emi amount is bound to work benefits i can get this loan only till I am associated at this work. That is why I want to get rid of this loan or at least have an option in my hand in next 2 to 3 years to get rid of this loan. + +So the asset allocation of my SIPs which are starting next month are changing. I am going with 33% in equity and 77% in short term debt funds. (I used to have an asset allocation of 20% debt: 80% equity) + + +**Changes in funds**: +Added international feeder funds from Franklin and Birla. Started an SIP for daughter's future in PPFAS. + +**Portfolio:** + +Date | Equity | Debt | Demat | Emergency funds | Total +---|---|---|----|----|---- +Dec 2015| 4L| 0.5L | 0 | 4.5L | 9L +Sep 2017| 7.3L | 5.4L | 0.6L | 7L |20.3L + + +**Note:** + +Please do note that my goal has changed and thats the reason i am not investing my debt lump sum in equity. I have learned the lesson that timing the market is futile. Thats why the SIP are starting again. And hopefully in few years down the line when my total Portfolio is greater than my mortgage, i can take a decision to get rid of loan or keep debt funds and start with 100% equity SIP + +Hopefully this post encourages some of the other SIP guys to make a similar post. + + +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). +Most of you might already know but seems like market volatility is a given for the next 7 months till the new govt is formed. I saw a CLSA report, sorry but it is paywalled, in the business standard that of all the four scenarios, 3 would lead to market fall. They have assigned some probabilities but it is pure guesswork at this stage. Scenarios are: + +1. Modi, full majority: Low probability. Market goes up +2. Modi, reduced majority or coalition: Current market expectation. Market falls but not much. +3. Congress, strong coalition: Low probability. Falls +4. Weak 3rd Front: Medium probability. Falls. + +I am thinking of buying NIFTY puts expiring on June-19. What do you guys say? +Max Bupa ReAssure seems to be offering all the best of benefits compared to the other private insurers at a premium below competition: + +13k for 10L vs 16k for 2A with HDFC Ergo/Lombard + +Some key features: +- No room rent +- No disease capping +- Unlimited reset (on same or different illness) +- 60 pre + 180 days post hospitalization claim +- 50% NCB upto 100% +- All day care treatments +- Modern + Alternate treatments + +Wanted to know if there's a catch there?? +I just read about this investing method where one buys good quality shares and keeps those as is for long term consistent growth. +Which shares would you consider to keep as part of a long term portfolio? +Its no stretch to say that FT's decision to shutter 6 of their debt funds has spooked pretty much everyone here. Fear doesnt help, knowledge may. + +&#x200B; + +One of the key concerns doing the rounds is redemption pressure - the pressure imposed by people wishing to redeem funds that may result - in extreme cases - the fund being unable to sell its holdings at a fair market price owing to a lack of buyers. So here is data that tracks how the fund AUMs changed over a 2 month period this year vs a similar period last year. + +Notice that the dates are not exactly the same - for example the latest data is just from Feb end to April 24 2020 but for 2019 I use data from Feb end till end of April. I dont think it'd matter a lot. + +&#x200B; + +**Reading the graphs:** + +Lower a given fund in the chart, the more AUM (as a %) it has lost in the last 2 months. The corresponding change last year is in the horizontal axis. + +More the AA and lower rated papers a fund holds, larger the bubble. + +Note that the scales on the x and y axes may not be the same due to outlier funds. Also note that the size of bubbles is relative within a chart and will vary across the charts. + +[https://docs.google.com/spreadsheets/d/1OeBppMp1Ul91vPqqPTzzrDBVM8VKrWqqaykbNDl3icQ/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1OeBppMp1Ul91vPqqPTzzrDBVM8VKrWqqaykbNDl3icQ/edit?usp=sharing) + +&#x200B; + +I'd have wished to share screenshots so that its easier for people, but its hard to keep updating screenshots (as I hope to add some more data to these sheets) + +&#x200B; + +**Standard Disclaimers:** + +* The document doesnt have all the data I wished it would (for example I'd have liked to update with the holdings info) and I may or may not update it. +* I provide this data as-is. I make no predictions, no ratings and I collected this data manually, so I dont even guarantee that its accurate. Do what you may with the information. +* Any comments I make below is a personal opinion and may or may not be accurate. +* You and only you are responsible for any profit or loss you incur by acting/not-acting on this information. + +- Which bank do you recommend for savings account or fixed deposits? +- How's your experience with wealth management services? + For example, you can discuss your experience with Citigold / CitiPriority, Kotak Privy League, DB WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. + +- What bank offers the best forex rates? + +- Discuss the quality of the bank's mobile apps and the services they offer. + +- How are the lending practices at your bank? Did your home loan / car loan / education loan get approved on time + + Were you required to purchase additional products (like insurance) to avail a loan? + +--- + +You can also ask for a general review of a particular product or services that you have been researching: + +> Is bank X good? Is it recommended for basic services no-frills accounts? + +but please avoid asking for personal advice. + +The discussion is meant for consumption by a broader audience. + +For advice regarding your personal situation (like _My family is pressurising me to take a home loan, what would you suggest?_), the bi-weekly advice thread is recommended. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +I am reading the [New India Mediclaim Policy](https://www.newindia.co.in/cms/01164fe5-9ee9-4af1-800a-6686fa14559d/Policy_Clauses_New_India_Mediclaim_Policy.pdf?guest=true,) clauses and have a question about below quoted text (Pg 7, Sec 3.2): + +> In case of admission to a room/ICU/ICCU +at rates exceeding the aforesaid limits, the reimbursement/payment of all other expenses +incurred at the Hospital, with the exception of cost of medicines, shall be effected in the +same proportion as the admissible rate per day bears to the actual rate per day of Room +Rent/ICU/ICCU charges + +1. Say, if I buy a policy for 5L, the daily limit for ICU room rent would be Rs 10,000. What happens if the daily ICU cost is higher than Rs 10k as per the condition stated in quoted text above? Does it turn the policy into a co-pay if daily ICU cost exceeds my admissible rate, with the co-pay percentage determined by actual cost of ICU per day? +2. What benefits do I stand to lose when they say "all other expenses incurred at hospital"? +3. I am comparing 2 products here, Apollo Munich Optima and NIAC Mediclaim. Would you consider above rider in the NIAC policy a deal breaker? The Apollo Munich premium is considerably higher. +4. Say, if an ICU rate turns out to be Rs 12k per day, my daily admissible rate is Rs 10k, SI = 5L and the total hospitalization cost, excluding medicines, is Rs 90k. How much should I pay out of pocket? +5. In a city like Bangalore, are these decent limits for room rents? (Rs 5k per day for in-patient care, Rs 10k per day for ICU). + +- Which bank do you recommend for savings account or fixed deposits? +- How's your experience with wealth management services? + For example, you can discuss your experience with Citigold / CitiPriority, Kotak Privy League, DB WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. + +- What bank offers the best forex rates? + +- Discuss the quality of the bank's mobile apps and the services they offer. + +- How are the lending practices at your bank? Did your home loan / car loan / education loan get approved on time + + Were you required to purchase additional products (like insurance) to avail a loan? + +--- + +You can also ask for a general review of a particular product or services that you have been researching: + +> Is bank X good? Is it recommended for basic services no-frills accounts? + +but please avoid asking for personal advice. + +The discussion is meant for consumption by a broader audience. + +For advice regarding your personal situation (like _My family is pressurising me to take a home loan, what would you suggest?_), the bi-weekly advice thread is recommended. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +&#x200B; + +Since English is not the main language The following may not be translated or semantically correct please forgive me We are from far away Taiwan, Due to the serious shortage of KARMA before, it was impossible to publish articles. We just want to express that we are always there. + +Every day the content of our LINE group discussion is always SUPERSTONK's DD or Twitter articles Also includes daily [https://gme.crazyawesomecompany.com/?clientlang=1](https://gme.crazyawesomecompany.com/?clientlang=1) as well as DRS digital updates and more Our group has been established for more than a year. + +Since the end of January 2021 last year, we have gathered and set up a discussion group. The following is an overview and introduction of our current small group. + +I hope GMEHOLDER around the world can know it , we can know that APES is strong from this group to the whole world. + +(1) There are currently 48 people in our group, mainly from Taiwan-related people, including those living in the United States, Macau, Australia ,Singapore, Shanghai, China, Hong Kong and many Taiwanese from Taiwan. Of course, it also includes people currently living in Taiwan. Americans, due to personal privacy issues in the LINE group, basically we will not force all group partners to return, the current number of shares or cost and DRS status, so the data I have in hand is only used to estimate the most. A conservative figure (that is, I only count the people I have determined), currently 52% (that is, 25 partners have registered for DRS), and the most conservative estimate is that the number of DRS shares has exceeded 10K shares, according to this It is estimated that in fact, the number of GME holders in Taiwan alone must exceed 2K\~5K. Assuming that as long as there are more than 20K+ groups like ours in the world, the number of global GME holders will exceed one million, and the number of GME holders will exceed one million. Some shares will exceed 20 million shares, that is to say, as long as we maintain our confidence, we will definitely allow short-selling institutions, the absurd behavior of naked short-selling in the century, to be shown to people all over the world. In addition, the official data from last year showed that the highest SI For 226%, we know that we have persisted until now, which is to prove that our persistence is right. + +(2) For more than a year, everyone in our group has invested a lot of money, time and energy, but we have gained a lot, Since I have never invested in the US stock market, and do not understand the technical terms of the US stock market such as (SSR, naked short-selling stocks, SI%, DRS, COMPUTERSHARE) or even cryptocurrencies and electronic wallets, now everyone knows Yuan. Cosmos, LRC, IMX, GAMESTOPNFT, GME Wallet and more, all thanks to our great Chairman RYAN PAPA for leading our GME towards fintech stocks. + +(3) In the video image, the browser in the Tesla car is connected to the Gmenft platform. Gmenft has been continuously updated and improved these days. I also thank all the great creators for creating these incredible wonders. I would like to express my gratitude to them. + +Salute to the great NFT creator, I finally understand the slogan that RC first shouted POWER TO CREATORS + +We're getting closer, as the photo shows + +ALMOST HERE + +https://preview.redd.it/78ddfm5q2j791.jpg?width=1706&format=pjpg&auto=webp&s=e68f9ce1c6e2b6e7bffe91291ba4c632ae892dbf + +We must be right in the end, And our investment in GME is like Tesla 5-7 years ago It's almost the same situation, and the winner is that we are a company that invests in the metaverse and tech finance. + +as the LRC shouted BE YOURS OWN BANK + +&#x200B; + +https://preview.redd.it/91ua8ksc3j791.jpg?width=828&format=pjpg&auto=webp&s=6229741b0b9fc67e810887bb2ed5ee928f4b5194 + +We add unparalleled greatness to ugly naked short selling, and we GME will definitely dominate the virtual and real channels. + +POWER TO PLAYERS + +The above is written by a Taiwanese from far away Taiwan without any financial advice (NFA) nor any technical analysis etc. + +Only one year's experience Come on, everybody + +We GMEHOLDER are not alone there are thousands of people Can't post like me + +Remember we at GME are approaching ALMOST HERE + +we're all on board + +https://preview.redd.it/96hn4ddr2j791.jpg?width=1163&format=pjpg&auto=webp&s=2dccb3c9bdcf4f9a732d0bc60f173f314321c251 + +RC: HOLD AND HODL! + +&#x200B; + +https://preview.redd.it/asleg8j03j791.jpg?width=570&format=pjpg&auto=webp&s=79045b8f97af498974838384e365bda6a75b1fd9 + +&#x200B; + +[6\/24\~6\/25](https://preview.redd.it/wu1ygsvu4j791.jpg?width=1500&format=pjpg&auto=webp&s=04f2051f4d6219d85ac49b89534d4bf0d2a33f61) +This is it. The splividend is upon us. + +Where my tits once resided - two sheets of heavy duty tin foil now take their place. Recent events have me beyond jacked so I thought I'd share a shower thought combining some recent speculation: + +Let's say there is a secret NFT dividend that'll be conviently issued concurrently during the splivy. RC will have dropped a Wombo Combo of epic proportions that shakes all shorts and puts an end to the game with finality. + +If it can be one NFT divy per share it can easily be 3. Three NFTs and 4 shares per genuine share of GME purchased before 8pm on the 21st. + +Whether it's shares of the Wu Tang album on the marketplace, tokens for a GME Entertainment DAO, or digital art of a cat, a purple donut, and a box of crayons - it'll be impossible to replicate. Therefore it can't be fooked with in the shadows. Thus a new game begins. A game whose high score will go down in history on a fully transparent blockchain. + +Bonus tinfoil: They'll give shareholders a portion of the marketplace earnings paid out quarterly or in semi-real time. Give their community a reason to remain shareholders. Forever. + +Stay jacked out there šŸš€ +I posted this as a reply to a thread in WallStreetBets. I thought someone might find it useful. + +The stocks you pick to trade options also matter a great deal. For example; I prefer NVDA & TSLA lately because they often recover very well from selloffs and will give you clearer direction. Both obviously are popular and their profitability will continue to bring in more buyers. Also, they are volatile and move well in both directions with NVDA being the easier of the two to trade. + +If you have been losing money trading options because of volatility, getting shaken out, stress, etc then the following strategy may help. Determine the latest hot sector of the market i.e. energy, financials, retail, etc and trade options in the corresponding ETF. For example XLE - Energy, XLF - Financials, etc. These ETFs can still make you good money and won't move dramatically in either position. They can help you learn the mechanics and make money at the same time without exhausting your mental energy. + +My personal basic strategy is to find the ITM call or put that has the highest open interest and volume. These usually have the tightest spreads and make it easy for me to move in and out. + +Try not to focus on the P/L, as you will get shaken out easily, but rather trade the chart. Sell half of your position at predetermined resistance levels that lose momentum without hesitation. This will ensure profitable trades. + +Also, if you are newer to options trading then I recommend only trading 1 contract at a time as this will keep your stress level down and allow you understand how the particular stock/option you are in behaves. (Yes, they have their own behavior lol). + +If you are more of an intermediate trader then slowly add to your position. If i intend to buy 10 contracts I will add 1-2 at the point when I get to my target entry. Often times what we believe is a great entry will temporarily break down and offer us a better entry. This is when I will add more. If I don't get the small capitulation move down then i add on the way up. All of this is fine and never beat yourself up for not getting it "perfect". + +These are the lessons I've learned and allow me to consistently make money and trade for a living. +https://i.imgur.com/yGe9LJz.jpg + +$170,000 cost basis, so a ten bagger (ten when you include the $20,000 in dividends with an ex-dividend date of 12/23 and a pay date of 12/31, so I'll get the cash Tuesday). A few thoughts ... + +First, I am glad I ignored all the WSB advice in my previous thread to sell it all at once. Always do the opposite of WSB, always. No one had any persuasive arguments other than take profits for the sake of taking profits. If I believed that shit, I would have cashed out in 2012. + +Second, I've readjusted my tight line of stops higher this week, I still expect to be completely stopped out in two months max. + +Third, I am already priced out of the 15% long term capital gains bracket for 2019, so strategically selling a $400,000 nub to avoid the 20% top rate would be pointless. Might as well hold into 2020 and wait to get stopped out. + +Fourth, I'll just add edits to this thread with updates until it all sells instead of making a new thread every month, to accomodate being asked for updates. Very looking forward to exiting this landmine trade ASAP. + +[EDIT] I explain my reasoning for making the trade in the first place here + +https://www.marketwatch.com/story/millennial-consultant-sees-extremely-risky-investment-deliver-a-13-million-return-but-hes-still-not-quite-ready-to-sell-2019-11-20?mod=home-page + +[EDIT 2] Hey, thanks for the gold. +Well me and my girlfriend decided on getting a credit card under my name because I got approved. Somehow we signed up for 2 and they were 300$ each. We agreed that we would only use it to pay bills and stuff but obviously that didn't work out. But now we are broken up, I'm unemployed and I don't think she's going to help me out. I'm 18 and I don't want my credit ruined because of a stupid mistake. What to do? +We all know inflation is real and itā€™s here to stay for the foreseeable future. As inflation picks up, we already know the FED will have to increase interest rates. The question is - how do we invest with this in mind? Iā€™ve been questioning this for months now. + +Iā€™ve heard two theories. The first states that inflation is no real concern for the stock market in general, in fact it states itā€™s actually good for the stock market. + +The second theory states that as inflation rises there tends to be an inverse relationship to stock market growth, and specifically company P/E ratios. Growth stocks tend to lose ground as P/E ratios come back down to earth. + +I tend to believe the second theory as it makes more sense to me. Low interest rates and easy money for the past decade have fueled a magnificent bull run. As rates go up, and money tightens, I believe weā€™ll likely see a pullback or correction in the market. To what extent? I do not know. + +So what do we do with this information? Which stocks or sectors do well during inflationary increases? From my research itā€™s been energy, oil, commodities, and gold. Will this trend prove to be true once again? + +Iā€™m not claiming to have the answers, but I wanted to start the discussion. +A month ago I was calling psychiatrists to schedule an appointment and one of them got "concerned" and called an ambulance and sent them to my house because she thought I was going to hurt myself and didnt want to lose her doctors license. The EMTs told me that if I didn't go with them that they would force me to and if you tell somehow you have a plan to kill yourself you "lose your rights" +So now they billed me $749.60 for the ambulance that I never wanted or needed and expect it paid by april 14th. I have no insurance and do not feel like I should have to pay them for it. If I ignore it, are debt collectors going to come for me? And will my credit score start to decline if I dont? Should I be worried? +I noticed that Disney is about 50% less from its high of about $195. I am thinking to rack up a few shares while it seems to be on discount. Any other ideas about this stock? +I recently switched jobs from one where I was making 62k salary to this new one where I'm making $75k. I just got my first paycheck and it seems wrong...the new job pays biweekly whereas the other one was semi-monthly, but even factoring that in I'm only getting around $4500 more annually in take home pay. + +I've done a couple of calculators and most show that my per check take home after federal tax should be ~ $2233-$2363, but I'm only getting $2080. This first paycheck was also for 2 pay periods, would that make a difference with federal withholdings? + +Besides the salary change, my w4 info is the same. Married, 2 withholdings. At the old job I did have to pay $550ish in taxes this past year but that's still a fraction of what I seem to be missing from this new paycheck. I'm in Tennessee so there is no state tax. + +Is my employer withholding too much tax or am I missing something? + +Last check - + +$5769 gross +$357 ss +$83 Medicare +$1166 federal tax +-------- +$4161 net +On 1/18, my TD Ameritrade account stood at $$738,708.55 . . . Fast forward to 1/27, it was down to $607,251.84. Why is that? Simply put - I panicked. + +Specifically, I sold 900 shares of COIN and 1450 shares of NVDA on 1/24. Big, big, big mistake, i.e., that same day, I could have gained (or cut my losses) by approximately $40 thousand dollars if I had waited near the end of the session to sell both of these equities. Better yet, I could have gone out to lunch and ignored the "noise" of the stock market and not sold either stock. My bad. My account was under $600k that day and essentially, I told myself that was a "line in the sand" that could not be crossed. + +Fortunately, my story ends well? How is that? I made up for my stupidity/panic by buying AMD, KLAC, and MSFT - all at or near lows and equally important, before earnings. Consequently, my account stands at approximately $650k and was at $685,395 on 2/9 (before this Ukraine situation and inflation report was released Thursday and Friday). Consequently, I am confident I will be back to where I was back in mid January. + +Moral of story? Patience is key or as this quote says, **ā€œDo you have the patience to wait until your mud settles and the water is clear?ā€** **ā€” Lao Tzu,**Ā *Tao Te Ching* +This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. +The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. +In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information +that has not been made public. So for example if there are drug trial results that are bad and not public, +insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good +track record at timing their purchases. All trades that are marked as part of a 10b5 plan are NOT excluded from this report. + +## Largest Insider Buying (Last 7 Days) +Company|Count|Shares Changed|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[FATE / Fate Therapeutics, Inc.](https://fintel.io/n/us/fate)|1|3,703,704|14|50,000,004 +[KMR / Kinder Morgan, Inc.](https://fintel.io/n/us/kmr)|1|500,000|18|8,776,500 +[YMAB / Y-mAbs Therapeutics, Inc.](https://fintel.io/n/us/ymab)|3|461,424|16|7,382,784 +[SIC / Select Interior Concepts, Inc.](https://fintel.io/n/us/sic)|1|500,000|10|5,100,000 +[MTEM / Molecular Templates, Inc.](https://fintel.io/n/us/mtem)|1|545,454|6|2,999,997 +[na / Golub Capital Investment Corp](https://fintel.io/n/us/na)|1|127,608|15|1,914,123 +[FMAO / Farmers &amp; Merchants Bancorp Inc.](https://fintel.io/n/us/fmao)|3|2,400|690|1,656,000 +[HY / Hyster-Yale Materials Handling, Inc.](https://fintel.io/n/us/hy)|528|22,386|64|1,418,891 +[LGF / LIONS GATE ENTERTAINMENT CORP /CN/](https://fintel.io/n/us/lgf)|1|50,000|20|1,021,500 +[REV / Revlon, Inc.](https://fintel.io/n/us/rev)|1|35,000|22|752,374 +[PAGP / Plains GP Holdings LP](https://fintel.io/n/us/pagp)|1|25,000|23|584,998 +[CHKE / Cherokee, Inc.](https://fintel.io/n/us/chke)|1|716,904|1|530,509 +[ODT / Odonate Therapeutics, Inc.](https://fintel.io/n/us/odt)|2|20,000|19|387,141 +[ARDC / Ares Dynamic Credit Allocation Fund, Inc.](https://fintel.io/n/us/ardc)|2|23,720|16|369,269 +[NEOG / Neogen Corp.](https://fintel.io/n/us/neog)|2|4,800|73|353,079 +[IQI / Invesco Quality Municipal Income Trust](https://fintel.io/n/us/iqi)|2|29,750|12|345,551 +[SPKE / Spark Energy, Inc.](https://fintel.io/n/us/spke)|2|40,194|8|325,196 +[APOG / Apogee Enterprises, Inc.](https://fintel.io/n/us/apog)|1|5,000|42|207,600 +[UEPS / Net 1 UEPS Technologies, Inc.](https://fintel.io/n/us/ueps)|2|22,637|8|174,343 +[AFIN / American Finance Trust, Inc. Class A](https://fintel.io/n/us/afin)|2|9,986|15|150,551 + +## Largest Insider Selling (Last 7 Days) +Company|Count|Shares Change|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[WMT / Walmart, Inc.](https://fintel.io/n/us/wmt)|13|-6,038,999|95|-571,454,277 +[SKY / Skyline Corp.](https://fintel.io/n/us/sky)|12|-11,378,679|28|-318,046,623 +[LPI / Laredo Petroleum, Inc.](https://fintel.io/n/us/lpi)|3|-36,900,000|8|-298,152,000 +[CNXM / CNX Midstream Partners LP](https://fintel.io/n/us/cnxm)|2|-14,217,198|18|-252,355,265 +[VRTV / Veritiv Corporation](https://fintel.io/n/us/vrtv)|2|-3,000,000|41|-124,200,000 +[AZO / AutoZone, Inc.](https://fintel.io/n/us/azo)|23|-42,600|780|-33,160,946 +[LLY / Eli Lilly &amp; Co.](https://fintel.io/n/us/lly)|4|-282,447|107|-30,139,182 +[RP / RealPage, Inc.](https://fintel.io/n/us/rp)|6|-400,000|64|-25,851,849 +[TRXC / TransEnterix, Inc.](https://fintel.io/n/us/trxc)|4|-3,619,573|6|-22,752,164 +[DRI / Darden Restaurants, Inc.](https://fintel.io/n/us/dri)|1|-60,688|113|-6,835,162 +[ROKU / Roku Inc](https://fintel.io/n/us/roku)|3|-82,811|73|-6,015,366 +[VKTX / Viking Therapeutics, Inc.](https://fintel.io/n/us/vktx)|1|-262,881|19|-5,034,250 +[WWE / World Wrestling Entertainment, Inc.](https://fintel.io/n/us/wwe)|1|-50,000|96|-4,811,000 +[NSW / International Seaways, Inc.](https://fintel.io/n/us/nsw)|15|-162,455|20|-3,325,527 +[TDOC / Teladoc, Inc.](https://fintel.io/n/us/tdoc)|3|-35,000|80|-2,814,550 +[AMRN / Amarin Corp. Plc](https://fintel.io/n/us/amrn)|2|-200,000|14|-2,700,000 +[AYX / Alteryx Inc.](https://fintel.io/n/us/ayx)|4|-40,000|61|-2,461,430 +[KTN / Structured Products CorTS, Aon Capital A, 8.205% Certificates](https://fintel.io/n/us/ktn)|1|-23,155|98|-2,267,847 +[NXST / Nexstar Broadcasting Group, Inc.](https://fintel.io/n/us/nxst)|2|-25,000|83|-2,076,676 +[CURO / CURO Group Holdings Corp.](https://fintel.io/n/us/curo)|2|-56,844|31|-1,792,405 + +*Count* column is number of transactions. + +Source: [Fintel.io/insiders](https://fintel.io/insiders) +For me, it would be "pay yourself first." It sounds cliche but it's been a huge help in helping me understand the importance of always setting aside some money (no matter how small) to save/invest. +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. +A diversified portfolio is considered useful to reduce risk. This means exposure to both domestic and international stocks, bonds, etc. Many on here are using the same index funds across all accounts. + +Of course, certain assets carry tax advantages in certain accounts over others. Some examples: + +- Domestic stocks with low dividends are best in taxable accounts, as you don't pay taxes on them other than the dividends, and when you sell. + +- International stocks are most efficient in taxable accounts, because you can claim the foreign tax credit on dividends withheld, whereas in a 401k or IRA, you can't claim the credit on those taxes. + +- Anything with high income is more efficient in a retirement account, because it isn't taxed until withdrawn(or if roth, never taxed), whereas in a taxable, the taxes are a constant drag on growth. This makes dividend stocks and corporate bonds very good in Roth IRAs. + + +- The exception to the previous rule is that tax exempt municipal bonds are best in taxable accounts. This tax benefit it priced in to yields, making them inefficient in accounts where the exemption is irrelevant. + +- REITs are very effective in Retirement accounts. This is because they don't pay corporate taxes, but their high distributions are taxed as ordinary income. This is priced in, which is why REITs have outperformed the S&P500 historically, before taxes. + +With all of this considered, the most tax-efficient portfolio would be: + +Taxable: + +- International stocks and low-dividend domestic stocks + +- Tax free municipal bonds + +Retirement accounts: + +- Corporate bonds + +- High dividend domestic stocks + +- REITs + +- Any active trading strategy would technically be most tax-efficient in a Roth where you aren't generating short term capital gains(if applicable, if you only index then ignore this) + +The advantage of shifting your assets into tax-efficient accounts is of course higher after-tax returns, and faster growth of net worth. + +The downside of this is of course that one account may outperform the other due to differences in allocation, but you won't know which. This leads to new challenges. Additionally, tax law can change, requiring you to update your plans. + +Any thoughts on this? +I've seen a lot of posts about which states are best for FIRE. I made a table to answer this question for myself. Rather than keeping it to myself I thought others might find it useful: https://drive.google.com/file/d/0B85IHwoTwjlSR3ZrR0ZIamphX2ZYS1hFZGtXUmhDWnpDdFpZ/view?usp=drivesdk + +The first column ranks the states by tax load for the median family in that state (so it accounts for cost of living in a sense). The second column is the state tax load for the US median family; 55k/180k/20k for their income/house/car. This shows that some states known for "high taxes," such as California, are actually quite inexpensive if you can live there on 55k. These rankings are from wallethub. + +The fourth and fifth columns represent tIRA and Roth IRA protections. Green is good (protected by state law), red is bad (IRA not protected from creditors under state law), and orange means maybe. Some states only exempt IRA assets "necessary for support," whatever that means, while others may not protect IRA assets if you're convicted of a felony. You'll have to check into your specific state law if you want more detail. I pulled these from irafinancialgroup + +The next column, "HE," is for the homestead exemption. I color coded them as follows: +Homestead exemption for assets/property up to 75k: Red +Homestead exemption for assets/property up to 150k: Orange +Homestead exemption for assets/property up to 225k: Yellow +Homestead exemption for assets/property above 225: Green + +This varies a bit state to state as well of course. Some states allow married couples to double the exemption, while others do not. Some states give a higher homestead exemption to seniors or the disabled. + +The next three columns represent taxation; the marginal rate for a median family (MR), the sales tax, and the property tax. As before, green is best, then yellow, then orange, and red is the worst (highest tax). The income tax information isn't as useful because it's effective tax rate that matters, not the marginal rate, but I couldn't find the former. + +The final colum represents the cost of living for a particular state. + +Overall I think it's best to look at this and get a general idea which states jive with your FIRE goals. I've identified four states where I might like to move based on this information (Montana, Colorado, New Hampshire, and Alaska). The wife and I will visit these states over the next five years or so (I've already been to Colorado twice and loved it). + +Looking at these I've come up with a few thoughts. + +1. A FIRE couple living in a small house in Montana might be the most tax efficient approach. The asset protections are so great that if you were living in a small paid off house you might be able to dump umbrella insurance and homeowners insurance (if most of your assets were in 401ks and IRAs). I'd have to check with a lawyer, but if IRAs and the homestead are exempted from creditors it seems like you could do without the liability protection provided by homeowners and umbrella insurance, which would save some money. The situation appears similar in Nevada, Florida, Oklahoma, and some other states. + +2. I'm never moving to Nebraska. High taxes, they don't protect Roth IRAs at all, tIRAs are only sort of protected, and the homestead exemption is only 60k; but the cost of living is low! + +3. Check your state laws for specifics. The Florida homestead exemption does not apply to those convicted of securities fraud (after outrage over Worldcom execs who protected their money by purchasing huge estates in Florida). Colorado won't protect your IRA if it's used to pay someone you committed a violent felony against. Some states allow higher homestead exemptions for livestock. The state laws are wacky, and it's impossible to capture all the nuance in a color coded chart. + +Edit: To clarify a few things: +I'm halfway through my accumulation phase (~30-35% FI), I made this to investigate where I might like to live in the next seven years and post-FIRE. I included income tax rates because I expect a fair bit of phantom income from the Roth conversion ladder. The point about health insurance cost and availability is a good one -- I haven't collected any data on that subject. The green/yellow/orange/red colors on taxes represent approximately 0-2%, 2-4%, 4-6%, and 6+%. +Thought I would share this. Last October I went from $60k to $104k/year (Same job). I am in my early 30s. I decided not to change my lifestyle. I wanted to kill my CC debt and some installment loan debt. ($50k total) + +I recently paid off pretty much all my debt except for my mortgage. I thought I would "treat" myself and finally go and buy a new truck. I was naive. I thought $30-$35k would get a me a nice(not luxury) trimmed crew cab, but quickly realized that you are in the $45k-$50k territory now. I wanted a truck that I would have for 15-20 years as I don't drive much. After weeks of trying to find a way to make it work, I realized I couldn't allow myself to go back into debt like that again. + +Over the next few days after making that decision, I realized that since I only owed about $40k left on my house, with about 25 years go on my mortgage, that I could pretty much pay a lower payment to my house instead of a truck for the next 5 years and get the deed and save a ton of interest. The mortgage, which was once this large looming rock of debt, became manageable in my mind after trying to buy a truck. + +Thanks for the high prices guys! They caused me to think! + +I spent all last weekend with a feeling of content. It isn't "FI", but it brings FI within reach. +As it turns out I have three existing shares in DIS from the 90s that I got as gifts when I was a kid. My parents found the certificates. What can I do with them? +***Posting this on behalf of fiancee, I'll gather any additional information as needed: +*** +Last year (2012-2013), my parents claimed me on their taxes even though I spent the entire calendar year living elsewhere and provided for 60% of my own expenses. We argued about it, but they basically said "too bad we already did it, we will talk about it next year". + +This year (2013-2014), I have officially moved in with my boyfriend and I graduated college. I provided for more than 95% of my own personal expenses (pretty much everything other than "hey can I borrow a few bucks til payday") and I got engaged to my boyfriend. We are not yet married. + +I anticipate them putting up a fight because I am under the impression they get more money back on their taxes because they claim me. However I'm also under the impression that I am paying too much in taxes because I'm being claimed as a dependent. Due to the fact that I am not living there, I find this unfair as I work very very hard (50+ hrs a week) for my income and I would like to retain more of it. + +The way I understand it, if I claim myself and do everything correctly, and they claim me, if the IRS were to come questioning us, I would basically say "I filed my taxes correctly and truthfully, and it isn't my responsibility to make sure other people, whether they are my parents or not, are also doing that". + +I don't wanna screw my parents over in any way but I am fairly adamant about having them not claim me anymore -- not only do I fully provide for myself, but I am getting married this year so it's not like they can claim me after this year anyways. + +Help? What do I do? How do I pose this? Should I officially change my address immediately (or does this have no bearing on tax dependent status?) Any opinion or information is appreciated. + +**EDIT: Thanks everyone. I have enough information! Have a good tax season haha.** +Seemed like these two had similar trading percentages for the longest time. Now ETH is down 40% on the month compared to Bitcoin declining 20%. Why the sudden disconnect between these two? +Which REITS are you guys invested in or planning to invest in? I am currently invested in Riocan and Smartcentres looking to grow my positions. I have looked into a two potential buys myself and here is my findings. + +HR.UN + +40% office, 28% retail, 9% industrial, 23% residential +Operate both in Canada and US +Rent collection is 93% +Debt to assets is 47.2% +Monthly dividend is $0.0575 +Their shares pricing havenā€™t recovered from COVID yet. + +KMP.UN + +Residential REIT with a small amount of offices +Operating in Canada +Rent collection is 99% +Debt to assets is 43.8% +Their share pricing looks to be recovered and dividends are growing at a stable rate. +I'm 27, maxed TFSA with 85% in VEQT and about 15% in some actively managed funds (FID3481, FID5982, FID670, FID675). + +I have about $8k in my RRSPs split between 2.5k cash, \~1k in AC and the rest in VEQT. I'd like to buy into some tech sector or other higher risk long term ETFs. Wondering if anyone has any advice on what to buy and if I should buy now or buy over the next bit. I'd also take advice on how much to hold vs my other holdings. +Hello Everyone, I was just wondering a quick question based on CAD Hedged versions of big companies. + +I am currently on wealth simple (considering changing but so far good enough) and came across CAD Hedged versions of large-cap US companies. + +Example: AMZN (roughly 3340 USD) Vs [AMZN.NE](https://AMZN.NE) (roughly 21 CAD) + +I currently have one full share and a partial share of AMZN but have considered adding more at this price. + +With a relatively small portfolio, buying companies like GOOG and AMZN would contribute a large portion of my port. I have considered just continually adding smaller amounts with CAD hedged versions on the NE instead of getting a constant 1.5% fee. + +Are there any negatives to the CAD hedged version listed on the NEO? Other than liquidity and currency changes (I don't think that matters if I'm holding long term) + +I have also been DCA averaging into GOOG with partial share buys but realized I will/am getting killed in 1.5% fees every time. There is a [GOOG.NE](https://GOOG.NE) that is CAD, so I've considered DCA into that. + +Any thoughts on this subject would be greatly appreciated. + +Thanks +I've read that VGRO should be held in a registered account or else it's not tax efficient. My unregistered account is quite small so I don't really care about my loss itself but I wonder why would VGRO be better in a tfsa or RRSP. +Hello everyone, + +I have recently filled both my tfsa and rrsp and want to move to the next step which Iā€™m guessing would be a taxable account. + +What types of stocks would be best in this account? + +Does anyone have a spreadsheet to keep track of everything to make it easier once tax time comes around? + +When next year hits and I have another ~$20,000 of room in the registered accounts, do you move the money from the taxable to the registered accounts or just leave it and put it ā€œnew moneyā€? +This is a REIT? + +about \~20% down from ATH + +6.8% dividend yield + +P/E RATIO:12.70 + +Should i get more of this over ENB? Anyone know why it dipped from ATH and what affects the price? +Which REITS are you guys invested in or planning to invest in? I am currently invested in Riocan and Smartcentres looking to grow my positions. I have looked into a two potential buys myself and here is my findings. + +HR.UN + +40% office, 28% retail, 9% industrial, 23% residential +Operate both in Canada and US +Rent collection is 93% +Debt to assets is 47.2% +Monthly dividend is $0.0575 +Their shares pricing havenā€™t recovered from COVID yet. + +KMP.UN + +Residential REIT with a small amount of offices +Operating in Canada +Rent collection is 99% +Debt to assets is 43.8% +Their share pricing looks to be recovered and dividends are growing at a stable rate. +to my Fellow Germans. + +i just wrote up an email in german and compiled a list of all german MEP Email adresses. If you cant be bothered to write something up yourself or to look for all the email addresses, please just copy and paste my email below and send it out to the adresses i provide at the bottom. + +`Sehr geehrte/r Abgeordnete/r,die anstehende Abstimmung Ć¼ber den MiCA Regulierungsentwurf im ECON Committee beinhaltet seit kurzem Unterpunkte wie ALT A und ALT G, die ein weitreichendes Verbot fĆ¼r KryptowƤhrung basierend auf dem Konsensus ModellProof of Work zur Folge hƤtten. Dies wĆ¼rde die bei weitem bedeutensten und wichtigsten KryptowƤhrungen Bitcoin und Ethereum einschlieƟen, die zusammen fĆ¼r den absolut Ć¼berwiegenden GroƟteil der Innovationin diesem neuen Technologiesektor verantwortlich sind.` + +`Dieses Verbot wĆ¼rde einschneidende Folgen haben:` + +1. `Die Innovative und wachsende Branche fĆ¼r digitale GĆ¼ter in Europa wird erheblichen Schaden nehmen und sich in LƤnder verschieben, in denen das notwendige Klima fĆ¼r technologische Innovation geschaffen wird.Die EU hat bereits verpasst auf die letzte technologische Revolution des Internets rechtzeitig aufzuspringen, als Resultat sind die USA absolut dominierend mit Unternehmen wie Google und Facebook. Bitte ersticken Sie jetzt nicht die Web 3.0 Branche im Keim indem Sie ein vorschnelles Verbot aussprechen.` +2. `KryptowƤhrungen wie Bitcoin und Ethereum kƶnnen zwar verboten werden, dieses Verbot kann aber letztlich nie vollstƤndig durchgesetzt werden da der Austausch dezentraler digitaler GĆ¼ter nicht verhindert werden kann. Alles was dieses Verbot von Proof of Work erreicht, ist dass sich dieser Austausch auƟerhalb eines regulatorischen Rahmens entwickeln wird, was erheblichen negativen Einfluss auf den Komsumentenschutz hat.`Ā  + +&#x200B; + +`PrƤsident Biden hat erst vor ein Paar Tagen mit seiner exectuive order zu KryptowƤhrungen gezeigt, dass die USA plant die fĆ¼hrende Rolle in dieser neuen Technologiesparte zu Ć¼bernehmen. Bitte lassen Sie die EU nicht Kapitulieren, bevor der Wettstreit Ć¼berhaupt beginnt, indem Sie Proof of Work verbieten.`Ā  + +`Zitat:ā€œWe must reinforce United States leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets.Ā  The United States has an interest in ensuring that it remains at the forefront of responsible development and design of digital assets and the technology that underpins new forms of payments and capital flows in the international financial system[.] Continued United States leadership in the global financial system will sustain United States financial power and promote United States economic interests.ā€œ` + +`Deshalb bitte ich Sie eingehend, GEGEN das Proof of Work Verbot in MiCA zu stimmen, maƟgeblich gegen die Punkte ALT A und ALT G.Ich vertraue darauf, dass Sie das richtige tun und diesen historischen Fehler verhindern.` + +&#x200B; + +Email Adresses of all the german MEPs: + +[christine.anderson@europarl.europa.eu](mailto:christine.anderson@europarl.europa.eu);[rasmus.andresen@europarl.europa.eu](mailto:rasmus.andresen@europarl.europa.eu);[katarina.barley@europarl.europa.eu](mailto:katarina.barley@europarl.europa.eu);[gunnar.beck@europarl.europa.eu](mailto:gunnar.beck@europarl.europa.eu);[nicola.beer@europarl.europa.eu](mailto:nicola.beer@europarl.europa.eu);[hildegard.bentele@europarl.europa.eu](mailto:hildegard.bentele@europarl.europa.eu);[larspatrick.berg@europarl.europa.eu](mailto:larspatrick.berg@europarl.europa.eu);[stefan.berger@europarl.europa.eu](mailto:stefan.berger@europarl.europa.eu);[gabriele.bischoff@europarl.europa.eu](mailto:gabriele.bischoff@europarl.europa.eu);[michael.bloss@europarl.europa.eu](mailto:michael.bloss@europarl.europa.eu);[damian.BOESELAGER@europarl.europa.eu](mailto:damian.BOESELAGER@europarl.europa.eu);[patrick.breyer@europarl.europa.eu](mailto:patrick.breyer@europarl.europa.eu);[markus.buchheit@europarl.europa.eu](mailto:markus.buchheit@europarl.europa.eu);[klaus.buchner@europarl.europa.eu](mailto:klaus.buchner@europarl.europa.eu);[udo.bullmann@europarl.europa.eu](mailto:udo.bullmann@europarl.europa.eu);[delara.burkhardt@europarl.europa.eu](mailto:delara.burkhardt@europarl.europa.eu);[martin.buschmann@europarl.europa.eu](mailto:martin.buschmann@europarl.europa.eu);[reinhard.buetikofer@europarl.europa.eu](mailto:reinhard.buetikofer@europarl.europa.eu);[daniel.caspary@europarl.europa.eu](mailto:daniel.caspary@europarl.europa.eu);[anna.cavazzini@europarl.europa.eu](mailto:anna.cavazzini@europarl.europa.eu);[oezlem.demirel@europarl.europa.eu](mailto:oezlem.demirel@europarl.europa.eu);[anna.deparnay-grunenberg@europarl.europa.eu](mailto:anna.deparnay-grunenberg@europarl.europa.eu);[christian.doleschal@europarl.europa.eu](mailto:christian.doleschal@europarl.europa.eu);[lena.duepont@europarl.europa.eu](mailto:lena.duepont@europarl.europa.eu);[christian.ehler@europarl.europa.eu](mailto:christian.ehler@europarl.europa.eu);[cornelia.ernst@europarl.europa.eu](mailto:cornelia.ernst@europarl.europa.eu);[engin.eroglu@europarl.europa.eu](mailto:engin.eroglu@europarl.europa.eu);[ismail.ertug@europarl.europa.eu](mailto:ismail.ertug@europarl.europa.eu);[markus.ferber@europarl.europa.eu](mailto:markus.ferber@europarl.europa.eu);[nicolaus.fest@europarl.europa.eu](mailto:nicolaus.fest@europarl.europa.eu);[romeo.franz@europarl.europa.eu](mailto:romeo.franz@europarl.europa.eu);[daniel.freund@europarl.europa.eu](mailto:daniel.freund@europarl.europa.eu);[michael.gahler@europarl.europa.eu](mailto:michael.gahler@europarl.europa.eu);[evelyne.gebhardt@europarl.europa.eu](mailto:evelyne.gebhardt@europarl.europa.eu);[alexandra.geese@europarl.europa.eu](mailto:alexandra.geese@europarl.europa.eu);[jens.geier@europarl.europa.eu](mailto:jens.geier@europarl.europa.eu);[helmut.geuking@europarl.europa.eu](mailto:helmut.geuking@europarl.europa.eu);[sven.giegold@europarl.europa.eu](mailto:sven.giegold@europarl.europa.eu);[jens.gieseke@europarl.europa.eu](mailto:jens.gieseke@europarl.europa.eu);[andreas.glueck@europarl.europa.eu](mailto:andreas.glueck@europarl.europa.eu);[svenja.hahn@europarl.europa.eu](mailto:svenja.hahn@europarl.europa.eu);[henrike.hahn@europarl.europa.eu](mailto:henrike.hahn@europarl.europa.eu);[martin.haeusling@europarl.europa.eu](mailto:martin.haeusling@europarl.europa.eu);[niclas.herbst@europarl.europa.eu](mailto:niclas.herbst@europarl.europa.eu);[pierrette.herzberger-fofana@europarl.europa.eu](mailto:pierrette.herzberger-fofana@europarl.europa.eu);[monika.hohlmeier@europarl.europa.eu](mailto:monika.hohlmeier@europarl.europa.eu);[peter.jahr@europarl.europa.eu](mailto:peter.jahr@europarl.europa.eu);[petra.kammerevert@europarl.europa.eu](mailto:petra.kammerevert@europarl.europa.eu);[ska.keller@europarl.europa.eu](mailto:ska.keller@europarl.europa.eu);[moritz.koerner@europarl.europa.eu](mailto:moritz.koerner@europarl.europa.eu);[dietmar.koester@europarl.europa.eu](mailto:dietmar.koester@europarl.europa.eu);[maximilian.krah@europarl.europa.eu](mailto:maximilian.krah@europarl.europa.eu);[constanze.krehl@europarl.europa.eu](mailto:constanze.krehl@europarl.europa.eu);[joachim.kuhs@europarl.europa.eu](mailto:joachim.kuhs@europarl.europa.eu);[sergey.lagodinsky@europarl.europa.eu](mailto:sergey.lagodinsky@europarl.europa.eu);[bernd.lange@europarl.europa.eu](mailto:bernd.lange@europarl.europa.eu);[katrin.langensiepen@europarl.europa.eu](mailto:katrin.langensiepen@europarl.europa.eu);[peter.liese@europarl.europa.eu](mailto:peter.liese@europarl.europa.eu);[sylvia.limmer@europarl.europa.eu](mailto:sylvia.limmer@europarl.europa.eu);[norbert.lins@europarl.europa.eu](mailto:norbert.lins@europarl.europa.eu);[david.mcallister@europarl.europa.eu](mailto:david.mcallister@europarl.europa.eu);[erik.marquardt@europarl.europa.eu](mailto:erik.marquardt@europarl.europa.eu);[joerg.meuthen@europarl.europa.eu](mailto:joerg.meuthen@europarl.europa.eu);[martina.michels@europarl.europa.eu](mailto:martina.michels@europarl.europa.eu);[marlene.mortler@europarl.europa.eu](mailto:marlene.mortler@europarl.europa.eu);[ulrike.mueller@europarl.europa.eu](mailto:ulrike.mueller@europarl.europa.eu);[hannah.neumann@europarl.europa.eu](mailto:hannah.neumann@europarl.europa.eu);[norbert.neuser@europarl.europa.eu](mailto:norbert.neuser@europarl.europa.eu);[angelika.niebler@europarl.europa.eu](mailto:angelika.niebler@europarl.europa.eu);[niklas.nienass@europarl.europa.eu](mailto:niklas.nienass@europarl.europa.eu);[maria.noichl@europarl.europa.eu](mailto:maria.noichl@europarl.europa.eu);[jan-christoph.oetjen@europarl.europa.eu](mailto:jan-christoph.oetjen@europarl.europa.eu);[jutta.paulus@europarl.europa.eu](mailto:jutta.paulus@europarl.europa.eu);[markus.pieper@europarl.europa.eu](mailto:markus.pieper@europarl.europa.eu);[dennis.radtke@europarl.europa.eu](mailto:dennis.radtke@europarl.europa.eu);[guido.reil@europarl.europa.eu](mailto:guido.reil@europarl.europa.eu);[terry.reintke@europarl.europa.eu](mailto:terry.reintke@europarl.europa.eu);[martin.schirdewan@europarl.europa.eu](mailto:martin.schirdewan@europarl.europa.eu);[christine.schneider@europarl.europa.eu](mailto:christine.schneider@europarl.europa.eu);[helmut.scholz@europarl.europa.eu](mailto:helmut.scholz@europarl.europa.eu);[sven.schulze@europarl.europa.eu](mailto:sven.schulze@europarl.europa.eu);[joachim.schuster@europarl.europa.eu](mailto:joachim.schuster@europarl.europa.eu);[andreas.schwab@europarl.europa.eu](mailto:andreas.schwab@europarl.europa.eu);[ralf.seekatz@europarl.europa.eu](mailto:ralf.seekatz@europarl.europa.eu);[nico.semsrott@europarl.europa.eu](mailto:nico.semsrott@europarl.europa.eu);[sven.simon@europarl.europa.eu](mailto:sven.simon@europarl.europa.eu);[birgit.sippel@europarl.europa.eu](mailto:birgit.sippel@europarl.europa.eu);[martin.sonneborn@europarl.europa.eu](mailto:martin.sonneborn@europarl.europa.eu);[sabine.verheyen@europarl.europa.eu](mailto:sabine.verheyen@europarl.europa.eu);[viola.voncramon@europarl.europa.eu](mailto:viola.voncramon@europarl.europa.eu);[axel.voss@europarl.europa.eu](mailto:axel.voss@europarl.europa.eu);[marionerika.walsmann@europarl.europa.eu](mailto:marionerika.walsmann@europarl.europa.eu);[manfred.weber@europarl.europa.eu](mailto:manfred.weber@europarl.europa.eu);[rainer.wieland@europarl.europa.eu](mailto:rainer.wieland@europarl.europa.eu);[tiemo.woelken@europarl.europa.eu](mailto:tiemo.woelken@europarl.europa.eu);[bernhard.zimniok@europarl.europa.eu](mailto:bernhard.zimniok@europarl.europa.eu) +TLDR: I suspect someone is using the low daily volume to manipulate the price during market hours and buying/selling put/calls to profit on the wide intraday price changes to make millions. + +First off, Im a freaking nobody, with no experience in trading or with markets, and very few wrinkles on my brain. However, I have always been good at noticing patterns, and after watching the stock trade, day in and day out I think I found something. I threw out some comments here and there, but haven't seen anyone else talking about this, so I figured I would give this a shot and see if anything sticks. + +Forgive my poor writing style, I havent tried to do something like this before. Anyways. + +Today's market was so obviously manipulated it hurts my brain. No news, nothing changed, and we had about 6% swing. I know, I know, you're thinking "yeah no shit, short ladder, yada yada yada..." + +I think there's more going on here than just pushing the price down. + +I don't think there is JUST competing forces of good whales/bad HF. + +I think there is also one or two groups (hedge funds? market makers?) pushing both up and down and taking advantage of the low volume to move prices to benefit perfectly timed options trades. + +Here's something I started noticing on May 12th. might be one group, or two that had similar ideas. + +[\\"A\\" drives the price down, options trade hands, then price returns. \\"B\\" sudden buy pressure, options trade hands then price returns.](https://preview.redd.it/u7gpmgy8j6171.png?width=1688&format=png&auto=webp&s=19c1f914f6306e4b009bf566c3bf7ea3086a02e7) + +Below is my smooth brain crayon paint job of today's price. + +https://preview.redd.it/bruucudki6171.png?width=1711&format=png&auto=webp&s=b361f868fe329650fe89f14b9348ff7f129ca303 + +The circles are just meant to show sudden price change. Over the last few weeks I keep seeing these patterns show up. Someone buys and moves the price of the stock about 5$ in a few minutes, a large volume of options trade hands, then sells shortly after. On other days someone would short the stock, move the price about 5$, options trade hands, then repurchase and the price would return to the baseline. Today with both buys back to back, and both sells back to back, price moved 10$. + +Options on GME also had a huge swing. This chart is clipped from barcharts options tracking. [https://www.barchart.com/stocks/quotes/GME/options?view=sbs\_ohl](https://www.barchart.com/stocks/quotes/GME/options?view=sbs_ohl) + +Ive highlighted the main ones that look appear to be used in these trades on the put side. + +[Small open interest, huge volume, large price changes... nothing weird about that.](https://preview.redd.it/rtbvwf5fk6171.png?width=1172&format=png&auto=webp&s=d56a1c29a4b9a6c73fd53a54edb95cc741c8ea5e) + +Many of these Puts had their price change from high to lows by about 4$ per contract. If this was timed correctly, napkin math puts just the ones I highlighted netting the group about 2.5m dollars. + +This is happening every day. + +Now, I have no idea what to do with this information. + +Maybe it's just a coincidence, maybe its just normal movements in price... It just seems weird and probably illegal. + +I made this post because I want more people to look, that know what to look for. + +I also am only using publicly free data, and can only look at the current days trades. Not sure where to get historical data, and have no idea how to tie all the different sources together. And even more honestly I spent about 4 hours just getting this shitty post together and brain hurty, so i have to stop. + +&#x200B; + +Maybe someone with more knowledge will know that to do with this information. +Hi, + +So I have been going to Gold's gym for about 5 years and in June 2022 I ended up canceling my membership because I moved. At the end of my workout, I just went to the front desk and told them I was moving so I needed to cancel my membership. I knew the worker who did it for me because we went to high school together and had mutual friends. I asked if I needed to sign anything and he went "Nope you're all good man, have a good one" so off I went. + +&#x200B; + +About 1.5 months ago I got a call from the gym and they told me my payments stopped going through In July. So I explained to them I canceled my membership in June. So the manager said she would have to give me a callback. I never got a callback and shrugged it off as it was handled. + +&#x200B; + +So today I get a call from a debt collector saying that I owe them $285 for an outstanding golds membership that was sent to collections. They also said that they have had my debt for over 30 days now (this is the first time I had any contact with anybody about this besides the manager from golds). I told them I was disputing. + +&#x200B; + +What are my options here? +https://www.forbes.com/sites/zackfriedman/2020/08/13/stimulus-update-no-deal-package/ + +With no more funny money to prop up the markets, the realities of the economy might actually start merging with the market. We could be in for a long and rough road until they finally get this passed. Congress is in summer recess and we don't even know how many more weeks it'll take until they can come to an agreement. Got a bad feeling about this one. + +Anyone else sitting it out? +Anyone think I'm dead wrong for a reason I seem to he overlooking? + +Edit: Sorry I meant September in the title for when Congress reconvenes. +If your ā€œstuffā€ is causing you to need a larger place. +If your ā€œstuffā€ is causing you to rent storage space. +If your ā€œstuffā€ is causing you to buy storage solutions. + +You might have too much ā€œstuffā€. +http://dealbreaker.com/2013/04/dells-board-was-so-fed-up-with-its-managers-that-it-sold-them-the-company/ + +If you're like me you only read the most relevant Dealbreaker posts - this is one of them. They pull out some really choice quotes. + +Plus, for all of you who are yet to join the world of finance, there are EDGAR links to some somewhat representative decks from JPM, GS, and Evercore (although the GS deck is super shitty and is hardly their best work, based on my limited experience with them). + +JPM - http://www.sec.gov/Archives/edgar/data/826083/000119312513134593/d505474dex99c5.htm + +GS - http://www.sec.gov/Archives/edgar/data/826083/000119312513134621/d505474dex99c24.htm + +Evercore - http://www.sec.gov/Archives/edgar/data/826083/000119312513134593/d505474dex99c4.htm +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. +So i am taking the series 65 next monday. I have been studying for a while and feel that i am in good shape. I am interested to know how the exam works. I know it is on a computer. Is is one question at a time? Can you go back to questions? Like do you submit your final answer for every question individually or do you submit them all at the end? Also can you skip questions? Any insight would be helpful, thank you. +I just switched across M&A shops as an analyst and my new firm uses Cap IQ. I've previously used Bloomberg for all my research and modeling. I really liked BBG's depth across commodities, fixed income, and currencies, but I always felt there were data holes in the equities data. + +So far I really like Cap IQ's transaction data and their equities data seems to be more robust than BBG's, but they seem to be limited when it comes to commodities and fixed income. + +What are some of the opinions out there from redditors that have used the above services? +I just switched across M&A shops as an analyst and my new firm uses Cap IQ. I've previously used Bloomberg for all my research and modeling. I really liked BBG's depth across commodities, fixed income, and currencies, but I always felt there were data holes in the equities data. + +So far I really like Cap IQ's transaction data and their equities data seems to be more robust than BBG's, but they seem to be limited when it comes to commodities and fixed income. + +What are some of the opinions out there from redditors that have used the above services? +Elizabeth Warren thinks the books of Wall Street banks aren't legit or are too risky which she posits to be the cause of those banks to trade below their book value. How would you agree or disagree why Wall Street banks trade below their book value? +Hi All + +I have an interview coming up where one of the requirements is to pitch the team a stock. This is for an Investment Analyst position for a Value Fund. + +I do not come from a finance background (economics) and never really took any courses as an undergrad. I just recently passed CFA Level 1 in June and am pretty well versed with the markets in general, but I've never really had to do financial analysis and generate a 'pitch'. + +In these instances, do you think the team is interested in ratio analysis? DCF? Industry analysis? I don't know what to expect or where to begin and that's why I'm enlisting your help. + +Does anyone know of a good website / literature I can read up on performing some analysis for stocks? I can tell you what debt / equity ratio is and how to calculate it, but not necessarily how meaningful it is in the grand scheme of things. + +In fact, I feel that is something more of an acquired skill, but that's neither here nor there. + +Any advice? Websites? Books? Literature? Anything would be helpful... + +Thanks! +Love to hear everyone's thoughts over the next few weeks concerning HFT, REG NMS and other issues covered by this book. I'm 50/50 on the issues, I've been telling people since around 2007 how regulation and technology has changed drastically, affecting even the simplest small retail order flow. But I have also seen markets become more competitive and transparent. (I was close to this, I worked at an exchange). +I'm basically starting to review company financials for everystock I investigate. + +My first question is regarding AVON [(AVP)](https://www.google.com/finance?q=NYSE%3AAVP&fstype=ii&ei=amU4UdD5MIOvqQGAJw) +If you look at their most recent quarter, their operating income @ 10.7 is really low compared to other years. What does that mean? Unusual expenses are also high... + +The second company is [UBA](https://www.google.ca/finance?q=NYSE%3AUBA&fstype=ii&ei=jVs4UeCGHcSEqQH48wE) +Their net income is only a little less this quarter than last but their earnings available to common are much lower @ 1.58. What should my takeaway be from this observation? + +I have lots of questions about small things that I trip over while fllowing the market all day. If there is anyone with sound financal knowledge in technical and fundamental analysis, please let me know. I'm a quick learner and very involved with the market. + +If anyone wants to discuss stocks and bounce ideas/opinions off each other msg me anytime. +What do you all think about the 4 factors? + +I know there should be a fair bit of buying pressure coming from the Russell 1000 index especially from the ETFs. I believe this alone will cause at least a 5% positive movement. + + +I think we will see the T 21 spike come because the FTDs always have waited for the incoming price movement, mentioned above to be completed, they will try to drive the price down again once it settles. They have one last chance to break these rules. Why? + +The implementation of Rule 002 will mean that the fckery that has been going on, for the most part unhindered will have to stop now. Now there is a rule against it. Simples. + +I see that THE STOCK THAT I LIKE has become fashionable on THAT SUB once again. This is positive for price no matter the reason for its regained popularity. Whether they have been reading the DD, watching the ATM share offering disappearing in a puff of smoke (5 days), are excited by the points above or a post just got a lot of traction, the fact is they've 10 million members. + +I think the THAT SUB factor is crucial as it will drive a human instinct that 10 years of training in a Shaolin Temple cannot crush. + +#FOMO + + +There will also no doubt be a large hit rate on other social media platforms as this craze begins to recraze. I believe however that there may be an almost unstoppable force about to help us smash through a fair few resistance levels this week and I'm not a mystic, but $483 is definitely within my sights within the next 2 weeks. I also believe that if we do get anywhere near $483 with all my DIAMOND HANDED ( March 10th hardened) HODLERs that we may just have reached the event horizon. + + +This is not financial advice. I'm currently inhaling the steam from a cauldron full of green crayons roasting on a fire under the railway fridge under which I reside. +I have a six month old daughter and I feel like I am at a crossroads in many ways. I have saved enough we could theoretically FIRE today, if we moved to the extremely LCOL area where my in laws live. Ultimately I think that would be a poor decision, for lack of educational and cultural opportunities amongst other things. + + +And yet I look at our lives today, and admittedly it leaves a bit to be desired. You simply can't have it all. If we stay where we are (in a townhome) I can retire early even in the big city, the only thing is there aren't a lot of kids around here and it's not exactly the family friendly neighborhood I would like to raise my child in---and we would have to hope our daughter can get into a magnet program to get a good education. Or I could buy a home in the best neighborhoods, which would mean I am guaranteed to work a few more years than I would otherwise. And then I'd risk raising my daughter in a neighborhood full of entitled rich kids with no perspective on the world. + +And if I FIRE----what kind of example is that for my daughter? Daddy is home all the time, is that a good example for a young child? I'd like her to see me going to work and tell her about what I do, particularly in her younger years. Yet by the time she is in high school I think she could wrap her brain around "dad retired early because he worked hard and saved well". I think at a minimum that would be a good example for her, when she is old enough to understand it and most of her friends would still have parents slaving away. + + +What is my point here? I am not sure. As you can tell I tend to be a bit of an over thinker. I can assure you I am enjoying every moment with my young daughter and these thoughts aren't interfering with my time with her. But holy shit the big decisions looming are weighing on me. Anyone with similar experiences, suggestions, or just words of encouragement I would love to hear from you. + + + +EDIT: Thank you all for the thoughtful responses. I don't have many people I can discuss these issues with who truly understand the FIRE mindset, although I am not hard core in my approach it is a big part of my decision making. Seeing the responses here is a big affirmation of why I enjoy this community---specifically the values we all share despite some (smaller) philosophical differences. What I've gained from this thread (and this forum) is immeasurable. +I try not to compare myself with the progress of others, but I often wonder how much money I should have saved by now. I rent in California, and kind of wish I lived at home after college sometimes to save money. I have about $7000 invest in the stock market, and then $3000 in savings account and about $1,500-2,500 in checking acct. I personally hate talking about money with people and was always taught that is kind of a unspoken rule, but curious if I am doing alright for my age? I also have zero debt +I apologize if this is a dumb question; Iā€™m still relatively new to crypto and only have about $2,000 in ETH, LINK, and GTC right now. From an economic standpoint, I worry that having a potentially unlimited supply of ETH will put long-term downward pressure on prices. +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! + +Just saying.. people have been posting a lot about making the change and it's been proven time and time again that CS = out of the hands of DTC. + Yes, you can move them to book if you feel like it. Yes you can leave them in the Reinvestment plan if you want. They are still in your name. + IRS shares... I'm not even going to touch that one. :-) + + Always remember, if you are seeing a bunch of posts saying to do something NOW, you may want to take a step back and breath and spend about 20 minutes researching OUTSIDE of Reddit to get a clearer answer. + + DRS... Hodl... And laugh at them as they start to fall. + + They created their own graves and I can only hope that our government handles this the same way China is for the Evergrande fiasco... Make them sell off all of their own assets to cover their idiotic and pathetic choices and throw those involved into jail to set an example damnit!!! (Tax payers should have to bail you all out.... AGAIN!) + +Edit 1: just wanted to add that if you choose to move to book for whatever reason, just KNOW THAT DOING SO WILL SELL ANY FRACTIONALS YOU HAVE LEFT BY DEFAULT. To resolve this you can do the move after 'after hours' close of the market and then cancel the transaction. Please read comments for more info! Or, do what I did... Just call them and ask them to keep your fractionals. :-) it's easy and fast. Their customer service is top notch. +Hi all, + +I'm a Bitcoin believer since 2016. I've DCA'd every month into Bitcoin only and I've promised myself to never sell my sats unless there is an emergency situation. + +I've had a very good and pleasant life so far : I've been with my wife for 7 years and we have the pleasure to have a wonderful 10 months old little boy. Also, we bought a nice house together last year with a 25 years loan that we pay back every months ever since. + +Unfortunately, my wife has decided to break up with me recently.. We will therefore have to sell our house and move to separate flats. But my only salary will not be enough to buy a new flat in the neighbourhood I desire. + +Be sure that i consider Bitcoin as a thing of beauty, and I'm sure it is the best asset we can own today. + +But today, as my portfolio has gone up in value, I will sell a good chunk of my stack to buy the perfect spot so my little son and I will be happy in this new chapter of our life. He is and will always be my priority : he is my moon. + +I will keep DCA into Bitcoin whatever I can tho. Cheers, and see you guys soon! + +EDIT : Wow, thanks so much for all your kind words guys. It feels really good to be supported. Iā€™m glad there are still places like this where total strangers keep helping each other. + +EDIT 2 : Some people recommand not to sell my sats, but instead, take a loan against them with defi platforms. In normal circumstances, it would already be risky short term, but as I'm already in trouble because of the break up, I'm not sure I will consider this option IMO. +I essentially discovered BTC just before the ATH and bought in at the absolute worst times. Learning more about BTC, I knew it was a long-term play and kept buying no matter what. Today I finally broke the 1.0 mark and am super excited. I have been educating friends and family about BTC, helping some get started as well. I genuinely we will see greater adoption and 4k for 1 BTC is a great deal. For those out there that are still chipping away, good luck, it sure feels good to see a whole number in my portfolio :) +Having been on hold waiting for them to answer for over an hour, I am not impressed. + +Can anyone recommend the best time of the day to call them (either today or tomorrow) as it doesn't seem like my current call is going to be answered anytime soon (they advertise that their call centre is open 24/7). +Will keep updated if anyone interested. Have to prove I am not a drug dealer, etc. BUT when the banks sell 700b to cartels it's perfectly fine and just have to pay a 15mill fine.............. I always knew bitcoin existed so I had full control of my money and that is why I got into it.. Now I am experiencing it first hand... + +If you store money under your mattress and cannot prove that you did not get it through Illegal means here is a high chance they will steal it and you will never get it back.. Welcome to the world of freedom.... + + +*edit* This is all going on in Canada + + +UPDATE #1. I can withdraw the money, they are unsure if they will back my mortgage but say they have a secondary provider that will if they cannot. So for now it seems all good. + +Clarification, I plan 100% to pay my capital gain tax. +Will keep updated if anyone interested. Have to prove I am not a drug dealer, etc. BUT when the banks sell 700b to cartels it's perfectly fine and just have to pay a 15mill fine.............. I always knew bitcoin existed so I had full control of my money and that is why I got into it.. Now I am experiencing it first hand... + +If you store money under your mattress and cannot prove that you did not get it through Illegal means here is a high chance they will steal it and you will never get it back.. Welcome to the world of freedom.... + + +*edit* This is all going on in Canada + + +UPDATE #1. I can withdraw the money, they are unsure if they will back my mortgage but say they have a secondary provider that will if they cannot. So for now it seems all good. + +Clarification, I plan 100% to pay my capital gain tax. +"My goal with options is to make 500-1000 a week. Like I said I have a 30k account. Do you think it's doable?" + +I receive chats like this semi-regularly, so I want to make a post I can direct people to (because my thoughts remain the same). This is in NO WAY to shame the question. I understand the paradigm and think it's better to ask then to assume it's possible. There's enough negativity out there, no reason to bash on someone's naivete. With that intro, you can guess where this is going. + +I've been trading options for over 15 years and have a 22.8% CAGR from 2007-2021. There are FAR better traders than me out there, so I do not think I am any kind of example of what maximum potential looks like. That being said, statistically speaking the vast majority of traders have a hard time being profitable, let alone outpacing the market. + +In short, I would say it's possible - and this is ONLY because I think very few things are truly impossible. However, I think a return like this is so unbelievably unlikely that I cannot overstate how unlikely it truly is. I'd place it somewhere around the odds of winning the McDonald's monopoly game 3 times (single win probability is around 1 in 451,822,158). + +Let's gain some context using the midpoint, $750 per week. If we're assessing the ability to achieve that reliably each week, see the probabilities above. If we're assessing the ability to produce this on a monthly or annual basis, it equates to around $3,000/month (10% return) or $36K/year (120% return). That monthly return is certainly doable - doing that every month of the year is very unlikely. + +I find that translating the $$ return to a % return is a great tool to equalize the assessment. Many people will look at a seemingly small return, can I make $500/month on a $5000 account. $500 is a small amount and seems attainable as a $ figure. However, it's the same % as the example above. + +As we gain experience, many things are possible. When we're first starting out (within 5 years of starting to trade) objectives like this more often lead to traders being erased due to taking too much risk chasing an arbitrary target without regard to their skillset. Focus first on being profitable, then optimizing and increasing return potential (or variance reduction, whatever your goals are). +Hey everyone. I'm pretty new to any kind of financial management [29f], and for the first time in my life I'm trying to get ahead for my future. + +I've been working on putting a small regular payment into a managed ethical stocks and shares isa for the past 6-months, however its been falling month on month for the past few months and is now down 10%. + +I know it's a long-term investment so I'm not overly concerned about it or planning on changing my options. But I was wondering if anyone more savvy / who has been investing in the long-term has a sense of how unusual the state of play is at the moment? + +I also have a help to buy isa which I am also adding regular savings into as a slightly more short term view (although I'm still a few years off a solid footing for a deposit with the market as it is at the moment!) + +I feel like I'm doing the right things, but as a newbie any feedback is welcome /I'm happy to share more info! + +Thanks in advance +The French government is going to sell $34.5M worth of Bitcoin seized in 2019 + +Isn't it amazing to sell BTC when at the same time the French government says that Bitcoin is only used for criminal activities? + +Does the French government want to promote criminal activities? + +Total hypocrisy of governments as always. + +Bitcoin is dangerous if you listen to them, but if there is a way to make money out of it, then you should not hesitate. The most incredible thing is that this does not seem to shock anyone in the general public. +šŸ‘‹ 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 tokensĀ [https://abitaboutcoins.com/](https://abitaboutcoins.com/) + +TIA for any help you can offer! +Your boy is back. No not me /u/moonski aka casual. + +I'm talking about the OG of Short Interest. + +The man, the myth, the cabbage loving Ihor Dusaniwsky aka Ihor aka 1 of the 3 S3 partners ā„¢ aka @ ihors3 on Twitter aka the iHorse ā„¢ is back with some hot new Hedge Fund Approved ā„¢ DD. + +He was lighting up twitter like a banks office at 3am on a Saturday night yesterday, motherfucker blowing up phones like Gabe Plotkin blows up assets under management. I swear he tweeted what like every single ticker on the NYSE's short interest. + +But that's not why smashing the keys of my mechanical Cherry Red RGB Wireless Blockchain enabled gamer approved turtlebeach 360 audio keyboard, using my 1990 IBM 5150 to right click on spelling errors and put my trust in my autocorrect addon that it can do English better than me. + +I'm writing this shit because in between tweeting RNG based Short Interest calculations, Ihor has been a busy boy. + +Ihors home office has been "busier than usual" on google maps. + +Ihor been using his unlicensed copy of excel 2003. + +Ihor be doing some motherfucking Due Diligence. + +And maybe some of you follow s3 or saw his DD. Well Have I got news for you. + +But in case you are reading this like "who the fuck is Ihor?" what the fuck is an S3 partner? Let me quickly explain who the iHorse is and who employs him. + +&#x200B; + +[Hi I'm Ihor. I like tweeting.](https://preview.redd.it/twvrzvulur871.png?width=400&format=png&auto=webp&s=5ebda3e709eee5a8c994cd1b756b94c0957278e3) + +**>Who the fuck is Ihor and what is an S3 Partner.** + +S3 partners are, according to their linkedin, " A Data Power Company." Whatever that means. What does the S stand for? Dunno. Who are the s3 partners? Dunno. Well, actually, one of them is IHOR. The other 2? Probably made up like his short interest data. + +Ihor Dusaniwsky aka iHor aka @ Ihors3 on twitter aka the iHorse, has been there since 2003. He's now an MD. Ok enough about fucking ihor for now. + +Founded in 2003, S3 Technologies aka S3 Partners a market data and analytics firm, who among other things, seem to have carved a bit of a niche in short interest reporting. Great. S3 Partners tweet a lot, often Short interest info & charts. + +Well they did tweet a lot, until GME turned Melvin Capital into Citadel Securities in January 2021. Now S3 Partners never tweet, and only the man himself Ihor Does. + +**Ihors D FUCKING D** + +So Ihor tweeted dis - his fire new DD - [https://research.s3partners.com/u-s-short-selling-recap/](https://research.s3partners.com/u-s-short-selling-recap/). + +Ihor says the most shorted stocks on the NYSE are as follows; + +&#x200B; + +https://preview.redd.it/at2h1wt2yr871.png?width=540&format=png&auto=webp&s=c1bcde85be26358e7830365a1ff6d582a4da33c2 + +S3 "shortsight" still to this days says it's these bad boys [https://www.shortsight.com/the-most-shorted-stocks/](https://www.shortsight.com/the-most-shorted-stocks/) \- different to Ihors hot off the press DD, but iHor hasn't had time to open his copy of photoshop CS1 and update the picture I guess. + +&#x200B; + +[They did a picture cause they know people can't fucking read.](https://preview.redd.it/lhzf1m99yr871.png?width=1212&format=png&auto=webp&s=385ac18392c423a5c5868d815b7633d4864f7b43) + +&#x200B; + +I could just end the post here because... well look at those companies. They're using value of the short position as a metric for "most shorted" which is, well, kinda retarded and not very fucking useful, since market cap will determine who's the most short. + +I mean they literally say, at a whopping 0.67% of the float, Apple is one of most shorted stocks on the market... (cause 0.67% of apple is still 15 billion lol). So is Berkshire Hathaway. Yeah. Course it is. At a whopping 0.05% SI but ok it's definitely up there. + +Anyway, wut do with gme I hear you ask? Wut Ihor say about GME in his DD I hear you also ask? + +Ihor says these are stocks that had the largest reduction of short exposure over the last thirty days. + +&#x200B; + +[oh there's GME - at #1 in case you can't read](https://preview.redd.it/235y0nlazr871.png?width=564&format=png&auto=webp&s=0e3c61d97847b24e1fea82b44e018f2ab29742aa) + +Ihor says these stocks had the most shorts covering, which is different from the above metric, somehow. I didn't research what the difference is because + +1: it doesn't matter. + +&#x200B; + +https://preview.redd.it/h6q22f7izr871.png?width=562&format=png&auto=webp&s=a8127c7a933d1cdf2f57e3805c8a5243148985a7 + +again I could just end the post here because... well we all know why. I mean obviously apple is #1 again... cause reasons. With GME Ihor must be correct as covering shorts = buying shares = price goes... not up? kk + +How is that possible? + +Magic? Of course + +[yer a wizard ihor](https://preview.redd.it/oxrjc57cms871.png?width=300&format=png&auto=webp&s=b0b428ef115d06a9f0eed2406613b7d92290fc35) + +&#x200B; + +Or maybe s3 are telling lies telling sweet little lies. Also using the 30 Day metric is a nice way to mould the data into whatever sculpture Ken Griffin demands. + +Oh yeah btw citadel own s3 or at least part of it... cause fucking of course they do. + +1. S3 securities was a subsidiary of S3 partners and partially owned by Knight Capital Group (KCG) +2. 2013 KCG and Getco merged to form KCG Holdings +3. KCG has 75% indirect interest ownership of all of Virtu holdings +4. KCG turns into VIRTU KCGM +5. Virtu KCGM was one of the dark pool traders +6. Virtu bought KCG programs in 2011 +7. Citadel bought S3 Partner data and services in 2013 +8. KCG was bought by Citadel in 2016 + +Anyway back to the DD - My favourite is his Crowded Score & Squeeze score he invented about a month ago - how they calculate it is a secret. Like you know "secret sauce it's proprietary bro trust me its legit and totally accurate." + +https://preview.redd.it/f02y32wrzr871.png?width=476&format=png&auto=webp&s=6fc4a8bab13be34bb20d44d967d21b7f9464e8e6 + +Wut. No GME? Oh well. Must have forgotten GME. + +The fuck is a crowded short anyway? + +Well Ihor say's a short is crowded if; + +* there are large amount of dollars at risk on the short side, +* a large proportion of a stockā€™s float is being shorted, +* there is illiquidity in the stock loan market +* and\\or there is illiquidity in the trading market. + +I mean that description really sounds like GME. Like literally ask Alexa / Siri / Google Assistant / re-enable cortana on windows and ask her to "define GME" and you'll be told the above. + +But no, GME isn't crowded. GME isn't shorted. GME covered. Forget GME. + +There's also a squeeze score list which GME isn't on, and a "Most unprofitable shorts last 30 days" which GME isn't on either obviously, cause S3 forgot GME (and also again used some nice metrics to make sure they forgot GME). + +So basically, Ihors DD is that we are to believe that the short side of GME Covered 226% of the float short all the way to down to 12%, in 5 months, \*after\* the gamma run in January. You telling me HFs have bowed to retails power and admitted defeat? My sides. + +***Also btw the 226% isn't just from that Robinhood court case paper - here's a screenshot from FINRA on Feb 2nd 2021 - in case y'all want more sauce.*** + +&#x200B; + +https://preview.redd.it/06uuz5qf0s871.png?width=960&format=png&auto=webp&s=d3203d911854ac92826c8e7f38ea222e4c42c878 + +So why am I writing this? Oh right yeah. Ihor. GME. + +So here's why S3 and Ihor say what they do. They ain't deliberatly lying - probably. S3 aren't actually wrong. Ihor isn't actually wrong either. + +WUT. u/rensole get in here shill ban + +Yes I know. Allow me to explain. + +S3's data is likely correct. The problem is, S3's data doesn't cover anything out of the ordinary. They aren't reporting things like, I dunno, naked short selling or reverse conversions, or however else THE GOD DAM HEDGIES are manipulating their short reporting & positions. + +Why I know this? Well for one there's god knows how many fines for Market Markers reporting short sales as long so that would break their data. + +Also do you think the S3 data on Short interest covers things like what that fucking Pomeranian u/criand posted ? + +[https://www.reddit.com/r/Superstonk/comments/oc4f79/well\_there\_it\_is\_more\_mathevidence\_pointing\_to/](https://www.reddit.com/r/Superstonk/comments/oc4f79/well_there_it_is_more_mathevidence_pointing_to/) ? + +No I don't think so either. Cause that isn't technically "short interest." + +You think they take in account fraud & illegal activity that is *constantly* being fined? No I don't think so either because those aren't traditional short selling transactions either are they. + +Oh also there is this magnificent PDF from 2009 about S3 and their belief that the market is 100% fraud free farm to table organic everyone plays by the rules. + +[https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf](https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf) + +I wont go over this in detail, but here's the cliff notesā„¢. ^((BTW here a GSE is referring to Freddie Mac and Fannie Mae)) + +[\(a GSE is Fannie Mae \/ Freddie Mac\)](https://preview.redd.it/visfrq622s871.png?width=842&format=png&auto=webp&s=9f764c813fe8601e3ee70b2e4f2cd2122a8352ff) + +https://preview.redd.it/pbm3uoa32s871.png?width=845&format=png&auto=webp&s=5ca48834f0fd31c812b20bff6c449fdb8267e6a0 + +But wut do with w3 & GME? Well look what s3 said happened during this time + +https://preview.redd.it/2qj4ohd52s871.png?width=1170&format=png&auto=webp&s=b370f67982ee06abe1546d633adedd7d33635790 + +So S3 weren't "technically wrong." Legitimate Short selling did likely drop by 90%. Problem is illegal short selling went to the god dam moon ā„¢. Also does this not remind you of a stock today? One that starts with Game ends in Stop? Yeah me too. Sounds familiar. + +I mean look at what happened to Fannie Maes share price *after* "shorting selling was banned." Weird huh? I mean shorting dropped 90% so why price drop to almost 0?? Seems weird. That also reminds of a ticker I keep being told to forget. + +https://preview.redd.it/py92p4t72s871.png?width=976&format=png&auto=webp&s=b1ccec18f45236e6968af5456b276cdfd7572b0c + +&#x200B; + +And yet here we are 12 years later. Same shit different stock. The market is being told Short interest has dropped 90%, forget GME go long on some fuckin shiny rock, "We specialise in short interest we know best." + +if you wanna read more about that PDF and how it stinks of GME read this [https://www.reddit.com/r/Superstonk/comments/mo2811/let\_me\_tell\_you\_the\_tale\_of\_s3\_partners\_a/](https://www.reddit.com/r/Superstonk/comments/mo2811/let_me_tell_you_the_tale_of_s3_partners_a/) + +&#x200B; + +Ihors tweets yesterday riled me enough to write this incoherent ramble. These are the companies that specialise in Short Reporting. It's literally their job. And yet even they can't get it accurate when fuckery is afoot. The Regulator can't do it. The Self Regulator (lol) definitely won't do it. And Ihor definitely can't fucking do it. + +It's just preposterous the shit being spewed as fact from "reputable sources", as if people are to believe GME is done and dusted. + +If you were to believe their, or any company like s3's data, then no one is short GME, everyone's short fuckin Apple. + +If you read this far well done, here's the iHorse. + +&#x200B; + +https://preview.redd.it/7p83nuha3s871.png?width=128&format=png&auto=webp&s=8900050145fd202c5f57d78475943e9074a0e0b1 +I wanted to get advice from budget-savvy types on purchasing for a new home. + +When I had to buy stuff for my first college apartment, I wanted to be very thrifty and smart about it, and I therefore bought furniture and kitchen items as cheaply as I could find them, while still of seemingly decent quality (think lowest end IKEA furniture and home goods) +Over the next year, I ended up having to replace a lot of crappy quality items. + +Iā€™m moving into my first proper apartment with my fiancĆ©e. Weā€˜re both actuaries fresh out of college, so while our field is decently well paying, we havenā€™t made any real money yet, but have about 16k saved from working in college and smart investing. + +What advice can you give me on how much I should budget for furnishing our studio, and in particular what sort of items are worth a significant initial investment, and what I can get away with being thrifty on? +In one week ending this past Wednesday, $22.9 billion flowed into stock funds. + +This has been the biggest weekly inflow since March 2008. + +In 2008, after big inflows into the stock market happened, the stock market crashed. Most well-structured conservative portfolios lost one-half of their value. Momentum stocks lost 80 - 95% of their value. + + + +Stock Funds See Biggest Inflows Ever as BofA Warns Top Is Near + + +BofAā€™s gauge of market sentiment-- the so-called Bull & Bear indicator-- is approaching levels of extreme bullishness, which can trigger a sell signal that hasnā€™t been set off since January 2018, according to the note. + + +https://www.bloomberg.com/news/articles/2021-02-12/stock-funds-see-biggest-inflows-ever-as-bofa-warns-top-is-near + +Fed to test bank ability to withstand 55% fall in equity price + +https://www.ft.com/content/a262314b-f518-4e69-8db4-fa88b6729aab + +Fed knows of the inflation spike and they will have to react + + +Thoughts? +With Chase now offering 1.5% and a host of others offering over 1%, are NS&I not going to re-increase the odds (1 in 34.5k now, used to be around 1 in 24.5k). Maybe not increase odds to pre-pandemic level but maybe halfway? They had 1 in 30,000 a few years back before they made it 1 in 24,500. + +Base rate increase in March to 0.75% from 0.5%, and other increases before then, and not a single movement in premium bonds. NS&I increased rates on their other accounts but not premium bonds. + +What are they waiting for, or are they assuming their big prize pool will retain people? +**Note: This article was copied from [my medium article](https://medium.com/@jshocrypto/my-5-favorite-coins-under-5-million-market-cap-16c7004cdec8) and then formatted for Reddit. For the best reading experience [please read on medium](https://medium.com/@jshocrypto/my-5-favorite-coins-under-5-million-market-cap-16c7004cdec8). However, I wanted to format it for reddit so people could read it here on Reddit if they preferred. ** + +&nbsp; + +In this article, I will be sharing with you my 5 favorite coins that are currently sitting under a $5 million market cap. Before we get into things, I first want to cover all of my bases and say this is not investment advice. Please do your own research before making any investments. The coins I will be sharing are much riskier investments, so make sure to #DYOR. + +&nbsp; + +Please keep in mind that these are all very risky investments and are not your $100 million + projects. These are high risk and high reward projects that will require you to do your own research. These investments aren't for everybody, but I wanted to share with you my thoughts on these coins. + +&nbsp; + +Please [follow me on Twitter](https://twitter.com/jshocrypto) for more updates, articles, and my thoughts on various other crypto related topics. + +&nbsp; + +****** + +&nbsp; + +## 1. EquiTrader (EQT): $3.6 Million Market Cap + +This is my favorite project that is currently under a $5 million market cap. EquiTrader is a social platform for traders where they can share their ideas and get rewarded by the community. EQT comes equipped with trading charts, indicators, trading tools and other features which will make it easy to make technical analysis. You will also have the ability to shadow other traders and make automatic trades based on what they do. + +&nbsp; + +### Why I Like EquiTrader + +There are a lot of reasons why Iā€™m bullish on EQT, the main ones our outlined below: + +&nbsp; + +**Perfect Product for Crypto** + +&nbsp; + +Having a social platform where traders can share their investment analysis and then get rewarded is a perfect concept for this market. I think that a lot of the major crypto influencers will get on this platform and utilize it, which will then in turn help EQT get bigger. Once the platform is up and running the ā€œcrypto OGsā€ will do a lot of the heavy lifting when it comes to marketing because it benefits them too. Iā€™m a big fan of any crypto project where their main audience is the crypto market. This is an easy foot in the door and will allow the project to gain traction much quicker. I think EQT will do this as well. + +&nbsp; + +**Recently Acquired by a Major Crypto Influencer** + +&nbsp; + +It was recently announced that EquiTrader was acquired by Aluna.Social, which is a company owned by Alvin Lee (https://twitter.com/onemanatatime). Having a big player behind the platform will be extremely beneficial once the platform is launched and he can start promoting it. Plus this adds a lot of credibility behind the project as well. Iā€™m a BIG fan of this news. + +&nbsp; + +**Many Upcoming Catalysts on Roadmap** + +&nbsp; + +Public release of the EQT platform is planned for Q4 of this year and Iā€™d expect a lot of traction to start at this point. In Q1 of 2018 they will release the iOS and Android apps, Q2 the beta of the social trading platform will be released (huge news) and then in Q3 the social trading platform will be released to the public. +We have at least a whole year of upcoming catalysts that will all have a major impact on the price. + +&nbsp; + +**Currently Only Trading on Coin Exchange** + +&nbsp; + +At this point you can only buy EQT on Coinexchange.io. It was listed on Cryptopia previously but when they did a coin swap they were removed. Why is this a good thing? The EQT team is in discussion with Cryptopia to be added now that the swap has been completed. Once this happens Iā€™d expect a major pump. This will happen very soon so the major discount that EQT is currently trading at probably wonā€™t last long. + +&nbsp; + +**Proof of Stake: 30% per Year Returns** + +&nbsp; + +As mentioned above, they recently did a coin swap and went from a PoW chain to a PoS one where you can get 30% annual returns from staking. This is an awesome return. I have already seen some great returns from staking. + +&nbsp; + +### What I Donā€™t Like + +The biggest complaint I have about EQT is the small issue and delay they have had doing the coin swap. Before the coin swap they told everyone to move their coins to CoinExchange.io and the swap would happen automatically, which worked great for those who followed the instructions. However, there are a lot of people that didnā€™t do this and now they are having to manually swap these coins. This has caused a long delay in terms of being relisted on Cryptopia, which in turn has hurt the price. This isnā€™t a huge deal, but it is a small complaint I have. + +&nbsp; + +### Investment Potential + +With a lot of catalysts on the roadmap until 2019, the potential of EquiTrader is hard to predict. However, I think a 10x from here, which would make the market cap only $34 million, is a very real possibility within 3 months. Even after a 10x, I still think it could get closer to $75 million before it would be getting close to what I think it should be valued at. As you can see, I think there is a lot of room for EQT to grow and Iā€™m expecting it to do just that. + +&nbsp; + +## 2. Hush (HUSH): $1.1 Million Market Cap + +Hush is a very, very close second when it comes to my top 5 favorite projects under $5 million market cap. This project might have the most potential out of all of the coins in this list too. Hush is an anonymous coin that utilizes the Zerocash protocol that is forked from Zcash. There are quite a few Zcash forks out there, but this is the best one in my opinion (and the cheapest). It is a fairly new coin that launched in July 2017 so there have only been a few months worth of development. + +&nbsp; + +### Why I Like Hush + +There is a lot to like about Hush and the reasons are explained below. + +&nbsp; + +**One of the Best Anon Coins** + +&nbsp; + +Hush is a fork of Zcash but without the founders reward, which is the only major knock of Zcash. So without the founders reward it becomes a top notch anon coin tech wise. There are other Zcash forks out there, but none of them are sitting at this low of a market cap, which creates a huge opportunity for Hush. A very similar coin to Hush is ZenCash, which currently sits at a $14 million market cap, is another Zcash fork without some of the features of Hush. Combine all of this with the major pump all anon coins have been going through lately and Hush is looking prime. + +&nbsp; + +**Great Team** + +&nbsp; + +One of the members of the Zcash dev team, David Mercer, is now the lead dev for Hush. This is huge. Not only is he the lead dev but he is also working full time on Hush, which means all of the promised features on the roadmap will have a good shot at being completed. Along with the lead dev, there are 6 total team members. The size and talent on this team is practically unheard for a coin with such a small market cap. This is a major reason for me being bullish. I know that this team will get things done, which is all you can ask from a team. + +&nbsp; + +**Counterparty on Hush** + +&nbsp; + +This is the biggest reason I like Hush so much. They are planning on porting Counterparty to Hush and this will allow people to create Counterparty based assets with the security of Hush. They are also planning on having these assets being compatible with Ethereum smart contracts. These are killer features that make Hush a unique project. + +&nbsp; + +**Only Trading on Cryptopia** + +&nbsp; + +At this moment the only place to purchase HUSH is on Cryptopia. The Hush team has confirmed they have been in contact with Bittrex and I donā€™t think itā€™ll be long before they are added. Take advantage of it being only on Cryptopia before it gets added to other exchanges, once that happens the price is going to take off. + +&nbsp; + +### What I Donā€™t Like + +The major knock on Hush is their marketing. They are not putting much effort into spreading awareness. Their reasoning behind this is that they feel like they donā€™t have a finished product to market yet and that good tech will eventually win out. I like seeing a team that prides themselves on the tech of their project, but at some point they are going to have to start marketing it. Marketing plays a huge role in crypto. With all of that being said, Iā€™m not complaining because it gives me more time to accumulate at these low prices. The only way people find Hush is from actually doing their own research. You wonā€™t find it being shilled much on twitter because no one really knows about it. This will probably be changing in the near future. + +&nbsp; + +### Investment Potential + +The $1.1 million market cap it is currently sitting at is almost funny. I canā€™t believe it is so low. This coin should be sitting at an easy $10 million market cap SOLELY based off of what the project currently is. Factor in some of the upcoming features such as the Counterparty port and a standalone HUSH messenger and I think Hush could be worth at least $50 million in 6ā€“12 months, if not higher. The reason I say it could be higher is because of the dev team. Iā€™m very confident in the team and believe that in 12 months from now they will be working on features that will blow the current features out of the water. + +&nbsp; + +## 3. Tokes (TKS): $1.8 Million Market Cap + +Coming in at 3rd in my top 5 is a coin called Tokes. Iā€™m a big fan and this is one of my long term plays that I think will be worth a ton in a few years time. This isnā€™t going to be a 10x coin in 2 months, but in 2 years it very well may be a 100x coin. Keep that in mind while reading. Tokes is a Waves based asset that is geared towards the marijuana business. They are looking to help businesses handle their money and provide a better payment solution for both consumers and businesses. They are also doing a few other really interesting things in this space and I will explain why I like Tokes in the next section. + +&nbsp; + +### Why I Like Tokes + +Tokes is a coin based around the marijuana business, but it does much more than the other pot coins out there. Tokes is looking to actually solve real world issues in the marijuana business and has partnerships with major players in their area. I will touch more on all of these things, but I want to make ti clear this isnā€™t just a ā€œpot currencyā€. + +&nbsp; + +**Provides a Fiat Gateway** + +&nbsp; + +A major issue for marijuana businesses is that they are forced to operate as a cash-only business due to the federal laws that make banks not want to work with them. This is a major problem within the cannabis industry and Tokes is trying to solve this by creating a fiat gateway. Tokes allows for cash to be converted to TKS and vice versa so that it can stored electronically without the need to carry cash around. They also offer no fiat volatility risk because of their pegging system. This means that the $100,000 of cash they turn into TKS will remain $100,000 when they withdraw it. This is a major issue that is being solved by Tokes and gives their project immediate value and use cases. Keep in mind that this is something they are working on implementing and hasnā€™t actually been developed yet. + +&nbsp; + +**Major Partnerships Secured** + +&nbsp; + +Tokes is located in Las Vegas, where marijuana laws are some of the most lenient, and they have been hard at work building relationships and partnerships with the marijuana businesses in that area. Some of their partnerships are as follows: + +&nbsp; + +Pisos: A dispensary in Vegas that is their first partner in their pilot program +Herbology Tours: Tokes purchased a 10% ownership stake in this company. More on this in a minute. +Cannabis Delivery Startup in California: Payment integration into their mobile app + +&nbsp; + +Tokes purchased a 10% ownership stake in a Las Vegas cannabis tourism company and this has a couple of really cool benefits. First, it gives Tokes a foot in the door with a marijuana company where they can start integrating and testing their system. Second, itā€™s a great way to get their name out there and start spreading awareness. This will go a long way to help both consumer and business adoption. The last major benefit of this ownership stake is that they will get 10% of all of the revenue from Herbology Tours, which will be used to help grow Tokes. This revenue will also be used as a way to potentially buy and burn coins (more in the next section). + +&nbsp; + +**Revenue Used to Burn Coins** + +&nbsp; + +Tokes plans on getting into other aspects of the marijuana business and portions of this revenue will possibly be used to buy and then burn the coins, thus decreasing the supply. The revenue that they generate from their 10% ownership stake in Herbology Tours will also be used to burn coins. +Im a big fan of coins that burn their own supply and the markets go crazy when this happens (See $TRIG and $DAR). Itā€™s worth noting that they are planning on burning coins with revenue, but it is not 100% concrete yet. + +&nbsp; + +**Great Roadmap** + +&nbsp; + +Their roadmap extends all the way into Q4 of 2018, which is good to see. There are also a lot of good things to look forward to and a lot of catalyst that should help the price increase along the way. Check out the roadmap [here](https://imgur.com/a/v6X53) + +&nbsp; + +### What I Donā€™t Like + +The biggest issue I have with Tokes is their supply problem they have. Currently, there are only around 960k in circulation out of the total supply of 50 million (according to Coin Market Cap). The founders currently own the remaining ~40 million tokens. The good news is they are actively trying to solve this issue and release these tokens in a way that wonā€™t hurt the price. One of the main ways they hope to remedy this situation is by putting all of the tokens in a smart contract and distributing it during a 3 year period. You can read more about their plans here. + +&nbsp; + +Iā€™m not a big fan of the current supply issues, but I think the founders are on the ball on this issue and will figure it our without too many problems. +Investment Potential I really like the fact that Tokes solves a real issue by providing a store of value for cannabis businesses and allowing them to move away from cash only operations. This has so much value. Combine that with their current partnerships, pilot program and their upcoming roadmap and Tokes looks like a real good long term investment. + +&nbsp; + +Where Tokes could really see their value skyrocket is after they get a foothold in Las Vegas and establish their name in the cannabis industry, they will be the first company other cannabis companies call once their states become legal. Like I mentioned before, this is a longer term play but could be huge in a few years time. In the short term, I think they could easily get to ~$25 million just based off of continuing to lock in partnerships, releasing their mobile app and solving their supply issues. + +&nbsp; + +## 4. SmartCash (SMART): $2.5 Million Market Cap + +Coming in at 4th on my list is SmartCash. SmartCash is a fork of Zcoin, but it has a some of the same features as Dash along with a few unqiue twists that makes this coin very undervalued. The coin itself was started less than 3 months ago, so the project itself is still very new. + +&nbsp; + +### Why I Like SmartCash + +Any anon coins right now that havenā€™t pumped yet are of interest to me. It seems like everyday a new anon coin is pumping and the fact that SmartCash hasnā€™t yet is appealing. Not only has the coin not pumped yet, but it has a super small market cap and is a better coin than the majority of the other anon coins out there. Aside from it being an anon coin, the following reasons are why I like this project. + +&nbsp; + +**Insane Staking with SmartRewards** + +&nbsp; + +This is a major reason for this coin being in my top 5. They have a cool feature called SmartRewards which is a way for people that hold their coins in their wallet to get rewarded. The only requirements are that you must have at least 1000 coins and hold them for at least a month, starting on the 25th of each month. For example, you transfer 5,000 coins on September 16th then you would be rewarded on October 25th. Since this coin is so new, there has only been one completed round of payouts so far. During this first round each person eligible made 400% returns. Example, if you had 1,000 coins in there then you would have been paid 4,000 coins! + +&nbsp; + +400% is insane and for this second round of payouts things are a little less extreme. At the time of writing this (halfway through the month) the current estimated payout is going to be 37%, still not bad at all! This numbers goes up as the month goes on and less addresses become eligible. +The reason for the drop off is because there are more eligible addresses than the first round. These rewards are funded by taking 15% of all of the coins mined from each block and then on the 25th of each month are distributed to addresses that hold at least 1000 coins. Not only are the returns very good, but this is also a great strategy to lock up coins and keep the price from dropping too much. SmartRewards is a huge reason for me being in this coin and I think it will be very popular once more people find out about it. + +&nbsp; + +**Great Funding System** + +Iā€™m a big fan of their funding system and how they split the block reward. Their funding structure is as follows: + +&nbsp; + +* 80% Community +* 15% SmartRewards +* 5% Miners + +&nbsp; + +Of the 80% allocated to the community, 70% of it goes to the community treasury and 30% of it goes to funding the team. I like the reversed model they have of paying the community the bulk of the rewards and the miners the least. I think this is a good way to get people involved and help grow the coin via community funded projects. + +&nbsp; + +**Governance System** + +With a large chunk of all coins mined going towards community treasury it gives the community a lot of coins to use on various proposals that will be voted on by the community. These proposals can be pretty much anything helping the coin grow and the community gets to determine if it is a good idea or not. Each vote is equal to 1 smart cash. + +&nbsp; + +As of writing this, there have been 3 community proposals that have been funded. Those 3 include: + +&nbsp; + +* Venezuela Food + Marketing Campaign: 2.8 million SmartCash +* SmartCash Cryptocurrency & Entrepreneurship Weekend: 349,999 SmartCash +* Twitter Header Image Campaign: 50k SmartCash + +&nbsp; + +As the community gets larger, Iā€™d expect the number and quality of proposals to improve and then we will really get to see the benefits of this funding system. + +&nbsp; + +**Instant Transactions via InstantPay** + +&nbsp; + +This is a feature that is going to be implemented in the near future and would allow for near instant transactions. This is crucial to have if you are trying to be a coin that is used for everyday purchases, which SmartCash is trying to do. + +&nbsp; + +**Not on any Major Exchanges** + +&nbsp; + +Currently, the exchange with the largest volume where you can buy SmartCash is Stocks.Exchange and Cryptopia. Whenever Bittrex or Poloniex get around to adding this coin there should be a nice pump. Now is the time to accumulate! + +&nbsp; + +### What I Donā€™t Like + +Iā€™m not a fan of coins with a large supply of coins and SmartCash has 5 billion coins as its max supply (451 million circulating). The idea behind having so many coins was to become the everyday coin that is used and its easier if people are paying in a small amounts. I get the idea behind it, but I would still prefer a coin with a smaller supply. + +&nbsp; + +### Investment Potential + +This coin is still fairly new and a lot of people have still never heard of this coin. I think as more people become aware of SmartRewards and the insane monthly returns that people will start to flow into this coin. Couple that with things such as masternodes (coming soon), InstantPay, a functioning governance system, and anonymous transactions and you have a severely undervalued coin at $2.5 million. Short term potential for this coin is at least $10 million market cap, but $25 million within a few months is completely reasonable. This coin has all of the characteristics of coins that are worth hundreds of millions of dollars so I donā€™t plan on selling this coin for a while. + +&nbsp; + +## 5. Crypto Bullion (CBX): $1.3 Million Market Cap + +Last but not least we have Crypto Bullion, which currently has a market cap of $1.3 million. This coin was originally developed in 2013 but has seen recent improvements that have made it a great dark horse pick. This coin is a 100% proof of stake coin that was originally created as a way to store value with a yearly interest rate of 2%. as mentioned above, it has become way more than this with the new developments that are currently under way. Letā€™s take a look at why I like this coin. + +&nbsp; + +### Why I Like Crypto Bullion + +Crypto Bullion will be having a hard fork before the end of the month where they will be implementing quite a few new features that I think takes this coin to the next level. Some of these features are as follows: + +&nbsp; + +**Masterbodes are Coming** + +&nbsp; + +Once the hard fork occurs, masternodes will be coming to CBX along with Zerocoin anonymity. Once the masternodes have been implented it will make CBX one of the cheapest masternode coins on the market. These masternodes will earn roughly 9% ā€” 18% yearly plus any of the fees they make from transactions. It will cost 2,000 coins to run your own masternode, which is currently around $2,000. + +&nbsp; + +**Solid Roadmap** + +&nbsp; + +They have a very solid 2017 roadmap leading into 2018 and they are planning on releasing a 2018 roadmap once this one is completed. I would expect a lot of cool new features to be added on the next roadmap. See their roadmap [here](https://imgur.com/a/WdXly) + +&nbsp; + +**New Wallet Being Released** + +&nbsp; + +They are currently putting the final touches on a new wallet and getting ready for the hardfork. All of this should be happening by the end of September. + +&nbsp; + +**Low Supply** + +&nbsp; + +As of right now, there are only around 1 million coins with a very low inflation rate of 2% per year. With staking, you would make around 6% per year in interest. This means the coins are rare and scarce. + +&nbsp; + +### What I Donā€™t Like + +From what I have seen, the communication from the dev is subpar and you can be left in the dark at times. Also, even though they have some cool features in the pipeline, they arenā€™t really bringing anything new to the market. + +&nbsp; + +### Investment Potential + +I think CBX has built itself a nice little niche with becoming a true store of wealth, unlike Bitcoin, and that fact alone should make it worth more than its current market cap. However, with the upcoming hardfork that will bring masternodes and a new wallet we should see a lot more investor interested in this coin. +Iā€™m holding this coin until at least a $10 million market cap and probably even longer depending on what kind of developments happen in the meantime. + +&nbsp; + +##Honorable Mentions + +Iā€™m not going to dive deep into any of these coins below, but they are worth mentioning. + +&nbsp; + +* Circuits of Value (COVAL): $4.6 million market cap +* Zoin (ZOI): $524k market cap +* Terracoin (TRC): $2.5 million market cap +* AdShares (ADST): $1.6 million market cap +* Linx (LINX): $557k market cap + +&nbsp; + +##Wrapping this Up + +That is going to bring this article to an end. I hope you enjoyed reading and found a coin or two that might interest you. These 5 coins are all coins that I will be holding for nothing less than 10x each, probably even more. These are not your ā€œsafe investmentā€ coins by a long stretch, but if youā€™re looking for some high risk/high reward coins then these might be of interest to you. Iā€™d love to know what coins you are all fans of that I didnā€™t put on the list. Please share in the comments below. Thanks for reading and if you enjoyed this article [please follow me on medium](https://medium.com/@jshocrypto/) for more posts! + + +We often have users ask about emergency funds and it got me thinking, a lot of the time, the request for information is due to not having experienced having to use an emergency fund and not being able to consider likely events for its use. Perhaps if we create a list of things beyond the ordinary (like car expenses) it'll help everyone better tailor it to their circumstances. + + +So what was the weirdest use of your emergency fund in paying for a random expense? + +I've a few: + +* Bay window gutter replacement/roof repair when someone climbed on to my pay window to escape the police - Ā£400 for repairs and check for damage +* Replacement of rear back gate after it got kicked in by vandals - Ā£250 +* Washing machine replacement - Ā£300 +* PC failed in the middle of creating a uni paper (remote course) - Ā£600 +* Oculus Quest purchase - to keep me sane during lockdown - Ā£400 + +Individually those expenses can be nasty, but add in 2-3 arriving together and it becomes very painful. +Let me start by providing some context: my portfolio sits at 500k, but the current climate in the equity markets scares me. Iā€™m not some rich kid, this money is the result of 10 years of grueling work. Long story short, I want to get out. Actually, Iā€™m already out (85% cash), but I realized that even cash is an explicit decision. Not only cash is a decision, even the currency is a decision. Iā€™m originally from Europe and itā€™s likely that Iā€™ll go back at some point. At the moment I sit on USD 425k, but I can imagine a number of reasons why cash might be a bad idea. With a timeframe of 20 years: + +- USD might depreciate substantially w.r.t. to EUR, so my hard-earned money might be worth substantially less in my home country. + +- Inflation is inevitably going to decrease the value of cash over time. + +- New currencies like Bitcoin might devalue traditional fiat currencies. Iā€™m not a fan of crypto-currencies, but the truth is no one knows what the financial landscape is going to look like in a few decades. + +My question is: how do I preserve the purchasing power of my savings in a safe and currency-agnostic way? Iā€™m not after crazy returns, I just want to make sure that my current purchasing power is preserved. + +The same arguments that apply to cash also seem to apply to other investment classes: you can buy real estate, but there may be a housing bubble, you can buy gold, but people may lose interest in it as a hedge. There doesnā€™t seem to be a truly neutral long-term investment. +A new Super PAC (Political Action Committee) called the Financial Freedom PAC has been formed with 2 goals in mind: + +- Elect Bitcoin Champions +- Kick out anti-Bitcoin politicians like Elizabeth Warren + +> The Financial Freedom PAC explains that it supports four political candidates including the Ohio Republican Senate candidate, Josh Mandel, the California Democrat House candidate, Aarika Rhodes, the Ohio Democrat House candidate, Matthew Diemer, and Arizona Republican Senate candidate, Blake Masters. + +>**Corporations, unions, associations and individuals can donate** to the Financial Freedom PAC but they cannot donate with U.S. dollars. The organizationā€™s website discloses: **ā€œFiat donations are currently not working. This is a feature, not a bug. Please donate bitcoin.ā€** + +Another organization called the Bitcoin Advocacy Project (BAP) has been launched with the explicit aim of "bringing about an orange wave across Washington.ā€ + +>"BAP supported the creation, development, and funding of the Financial Freedom PAC ā€” the first Bitcoin Super PAC that aims to elect Bitcoin champions and vote out anti-Bitcoin politicians like Brad Sherman and Elizabeth Warrenā€ + +>ā€œBAP has pledged $100,000 to get the Financial Freedom PAC off the ground and secured another half-million dollars in verbal commitments since the organization was filed.ā€ + +https://news.bitcoin.com/super-pac-aims-elect-btc-advocates-vote-out-anti-bitcoin-politicians-brad-sherman-elizabeth-warren/ +Please someone help explain why I donā€™t all-in my retirement portfolio to buy this stock, yielding approx 11%. +I know that income from the retailers was a mere 20% in April, and that dividends were barely covered last quarter. +I know that the dividends could be cut if Covid endures, due to limited/zero mall traffic. +I do not believe that office towers will stop functioning as they do now. +I believe that if the dividends are cut, that itā€™s a temporary move and that they will be restored, based on previous dividend increases. +BAM has a ton of cash if needed. This company isnā€™t going bankrupt due to Covid. + +On the upside, at 11% dividend, I could earn 70k+ per year. This does not include the amazing potential return of the stock price itself. +Missing this opportunity, I would need to grow my portfolio to $1.4m to achieve the same annual income (assuming a 5% dividend) when things return to normal. Thatā€™s additional YEARS of investing/saving. At 11% I start retirement much earlier (though not immediately, as I would save to purchase other stocks, diversifying with the dividends earned). A secure 11% return seems as though it would be like winning the lottery, and I could lock in now, not concerned about trying to time the market for 13 or 14% instead, for example. + +Iā€™m ok with seeing the share price drop, without selling. Iā€™m ok without dividends (even none) for a while. No carrying costs on my side presently. + +I tried understanding the very lengthy argument on the accounting methods that BAM/BPY use but couldnā€™t make heads or tails of it. + +Anyone? + +Edit: thanks everyone for sharing opinions. Please keep them coming. +A little background to help explain my thoughts: +Iā€™ve worked for a bank for the past 15 years. My experience with recommended investment strategies from investment advisors has lead me to feel that banks prefer clients to be far too conservative, reducing risk (but most importantly bank liability). +I was an entrepreneur prior to my banking days and recognize that many, many people invest everything they have into just one thing. Most business owners for example. If they lose their business, itā€™s bankruptcy or losing their home, etc. +Another example is anyone whoā€™s ignoring stocks, and buys rental properties. +In my opinion, buying BPY is buying rental properties, but letting proven professionals decide which ones, and how to best manage them. +With respect to ā€œchasing the dividendā€, I donā€™t necessarily find dividends more important than potential capital gains, but I would take a ā€œsecureā€ return of 11%/yr vs market volatility any day if the week. And thatā€™s not to mention the potential share price doubling in the future, while earning the 11% annually! +So: how secure is the dividend? I would say ā€œunknownā€ given current retail foot traffic. I could see dividends being cut until covid is dealt with. Thatā€™s fine. Itā€™s the potential of earning 11%/yr each year, once life returns to ā€œnormalā€ thatā€™s the huge draw for me. If that takes 2 years before happening, no problem! +With the research happening to create a vaccine, thereā€™s a serious chance that life will return to normal. Itā€™s just a matter of ā€œhow longā€? +And finally, to those who have commented about how ignorant it is to invest in just one stock: thatā€™s what I did to get from 30k-60k, then pivoted to a different single stock position recently sold totalling 600k. (Granted Iā€™ve been adding cash along the way, RRSPs, etc). And thatā€™s over approx 12 yrs so weā€™re not talking ā€œall in, fingers crossed, one lucky day tradeā€. + +Edit:edit: +Lots of great arguments. Youā€™ve convinced me otherwise and Iā€™m thankful for it! +Thanks Redditors! +Good luck with the markets! +Hi all, I hold 100% Canadian Dividends in my non registered account so I'm looking to balance my registered accounts and move them to an ETF. My research all points to all XAW, is this the best option? Something simple is definitely preferred, I think XGRO/XEQT leaves me with too much Canadian Exposure. + +Thanks +So, I am quite new to the stock market and I am starting to build up my portfolio. I came across XID and I just wanted to ask what you guy think about it. + +I work for Teck coal out west and there's a lot of India talk on our radar the last year or so... we sell the bulk of our steel making coal to China but there is a momentum change happening. India is coming up more and more in our quarterly meetings. Supposedly India is going through a bit of an infrastructure revolution and they need steel, bad. From what I hear in our meetings India is going to be buying a LOT more product (possibly even overtaking China, which is huge. ) from us over the next few years and it's got me wondering if India is worth a look for long term investment? I did some research and found XID, just wondering if there's anything else out there I could look into? Any other stocks related to India you guys know about that I can look into? + +Also, for what it's worth I am pretty bullish on Canadian steel making coal stocks. I hear a lot of talk of other minerals but not much talk about metallurgical coal. (Teck.B) I own a lot of them through our share program, but with Australia basically in a full blown trade war with China and being completely locked out from selling them any metallurgical coal, we are picking up a lot of business. If this continues I can see it really being a good thing for Teck and Canada. Australia is by far our biggest competition and their loss is our gain. Things are still slow from Corona Virus but when industry picks up again if this trade war continues I might start buying up some more of our shares in my own trade account! + +Cheers! Just my two cents, from a nobody that works in the mines! +Has anybody ever purchased land in Northern Ontario for investment purposes? I'm thinking about something along the stretch between Newmarket and Thunder Bay. +Currently trucking is 3 times more expensive than rail because of human drivers, but once autonomous trucking comes along, I can only imagine that railway becomes more and more obsolete, especially if they arenā€™t investing in high speed rail, am I missing something? +deal valued at about $200-million + +https://www.theglobeandmail.com/report-on-business/cara-operations-set-to-swallow-upscale-competitor-the-keg/article37698957/ +Watching it move up this week (along with the other tech), I had sold as it was going down but was wondering what the groupthink is on getting back in. + +Bonus points: What do we all think of the other fall 2021 darling, NVEI? +Hi everyone, I am 34 years old and not scared of risk. I have been investing in RRSP for 13 years now but in March when things tanked I took some time to go back through all my history and add up all my contributions. I realized at that time I was only up 1% from my total contributions over the 13 years. Up to this point I never really looked at my investments and just had my trust in my advisors. I understand the market just took a huge drop but still was extremely disappointed with the investors group who had been managing my portfolio. I instantly moved my entire portfolio to a different personal advisor and told him I wanted my entire portfolio at the highest level of risk possible, knowing the market should recover well. This was on April 4th 2020 and we never could have predicted how well the market really did do since then! But.. again my portfolio ONLY went from $91,000 to $103,000 on the highest risk level!? Over the greatest Stock market climb in history? Thatā€™s including my $500/month contributions since April... I am again extremely disappointed. So last week I moved all my portfolio to my self directed RBC direct investing and when it arrived I noticed my entire portfolio was invested in 9 different ETFā€™s, seven with small gains and two with losses. + +Over the past 6 months I opened my own self managed TFSA account and added roughly $20,000 and built it up to $33,000. So my experience is limited but I have learned some lessons thus far. + +This week i do not have work so Iā€™m going to spend some time rebuilding my portfolio. +Here are my thoughts, 50% into ETFā€™s I believe in (maybe VGRO, HOG, etc.) 25% into large cap stocks I like (COST, WMT, AMZN,FB, etc.) and the remaining 25% into small cap and penny stocks (some psilocybin plays, MMED, NUMI, CYBIN, etc.) these are just a few, I hope to have much more as well. + +I would greatly appreciate any advice, Iā€™m very open to ideas. I can take criticism. What am I missing? How do I diversify over different industries? +I understand the concept of "don't time the market, have time IN the market" + +But I am just struggling to understand how and when to pull the trigger on buying ETF or Stocks +Just starting out in algorithmic trading so bear with me. I am backtesting a basic strategy and was wondering how to calculate sharpe ratio. Currently, I am taking the mean of every PNL from trades and dividing it by the standard deviation of the PNL and get a super low number. All over the internet, I found that a ratio of 1 is acceptable but my number is way below that. Am I calculating it wrong? + +&#x200B; + +I saw that multiplying the ratio by square root of trading days in a year to annualize it but am not sure. What time frame does the ratio of 1 being considered "acceptable", 2 being "very good", and 3 being "excellent" use? Are they daily, monthy, or annual? +This is probably going to sound quite dumb, but how do you take theory and build and implement actually strategies from it? I have a software engineering background so I know how to build my own infrastructure. On the financial side, I've read books and papers on market microstructure so I understand the function and challenges of market making. I've read some papers on factor investing and some material broadly discussing strategies like momentum, arbitrage, and mean reversion. + +In my experience, the most sophisticated material I've read has been on market making. There is a lot of good empirical evidence and equations that describe the function of limit order books and order flows and how liquidity providers respond to this and the market regime. In practice, I don't know how you actually take those things and apply them to a strategy. The equations seem more useful in order to prove the function of what is being described. In practice, I would imagine it's more simple; you want to build a mechanism that post quotes on both side of the order book but is also dynamic enough to respond to adverse selection or toxic order flow. Therefore you need to be taking information to give you an idea of current market conditions. e.g. if the market suddenly becomes more volatile you want your algo to stop posting quotes. + +But what do you do to actually achieve this? Do you actually just write a program that reads the top of the order book from a web socket and have it place orders in front of the current best bid/ask? (I'm thinking specifically about crypto in the case of MM because it seems like a small player can actually play this role) Seems simple given the complexity of the material written about it. + +What about trend following strategies? Say you think a weekly momentum strategy will be profitable; you observed that an asset rose in price the previous week. You then buy it and hold it for a week? Would you keep buying the same asset week after week until it has a down week? I can't find information on these type of strategies that is as detailed as the material on market microstructure. +5+ years in the IT field, interested in changing careers to financial analysis and algorithmic trading in Python. Been learning to code in Python the last month but do I need to have a degree in CS or Maths to get noticed? Is there a pathway for someone starting out with no prior experience or qualification? Any resources will be very helpful thank you. +Hello all, + +After I saw the Circle CEO BS talk about core devs and they are not doing their best and they are the reason behind Bitcoin being late in terms of everything. + +So I said it's a MUST for me to write a thank you message for ALL Bitcoin Core devs and every dev who is going on the road-map set by the core devs. + +Thank you for everything, starting with implementing Satoshi's vision in every possible way and making Bitcoin bigger and bigger and ending with making every satoshi I own having gigantic value as time run. + +From the bottom of my heart, I wish you ALL, the very best in your life, Merry Christmas and a Happy New Year. + +I promise, I will try my best to thank you whenever I can and to remind the people over here to thank you as well as this is the LEAST thing we could've make or say for you actually. + +Sincerely yours, +Fak + +Credits : The credit for this message must go for (Bruce Fenton) because that was the first time I saw a message about thanking the bitcoin devs. +[https://www.theblock.co/post/168882/were-not-giving-crypto-a-pass-says-secs-enforcement-chief](https://www.theblock.co/post/168882/were-not-giving-crypto-a-pass-says-secs-enforcement-chief) + +Wow!! I'm so happy to hear you say this Gurbir. **Here's every retail investor's questions...** + +If you think crypto is a big problem and they need to abide by the SEC's rules then... + +Where have you, and the SEC, been for the last 20 years while SHFs, MMs and banks disregard the SEC's rules on a daily basis and consistently manipulate the market to the detriment of millions of retail investors? + +Where have you been while Dark Pools, PFOF, cellar boxing, etc... continue to wreak havoc on so many good, up-&-coming & viable companies? + +Where have you been while the DTCC committed securities fraud on a global scale in regards to GameStop? + +Where have you been while the DTCC has & continues to completely fail at dealing with FTDs and the astronomical amount of synthetic shares circulating in financial markets? + +Where have you been while retail investors have relentlessly provided the SEC with so much DD about all the fraudulent wrong-doings that SHF & MM companies have & continue to inflict on financial markets? + +# WHERE. HAVE. YOU. BEEN? + +Signed, + +Every Retail Investor who has and continues to be screwed over by SHFs, MMs, Banks and its own regulatory bodies. +Suddenly a 22% crash has turned in to an 8% dip, has anyone ever seen btc recover like this before? + +I know btc usually rebounds strong but this seems like itā€™s on another level, I wonder how the people that panic sold down at 42k are feeling now. + +Looking at Binance, ETH is down a whopping 2.5%, thatā€™s literally just normal daily volatility at that point. Itā€™s crazy how quickly things can change in this market. + +Perhaps weā€™ll drop a bit more again before we hit 50k but to me this seems incredibly bullish. + +What do you think will happen next? Was this just the shakeout before the next rise? Could the 100k btc by eoy predictions still be valid? Would love to know what everyoneā€™s thinking now! +The Federal government is paying an additional $600 per week in unemployment benefits. Because of this many are making more on employment than they do on their job. These are set to expire on July 31, 2020 although it is possible new legislation may extend this. + +There is risk of staying on unemployment. Many employers are going to be operating with less employees, so many jobs people thought they could go back to are not going to be there. When these benifits expire there is going to be a huge increase in people looking for work. If you wait till the extra benifits expire to look for work, you may find it more difficult to find a job. + +Keep this in mind when deciding what you should do employment wise. +I believe that omicron will be the end of covid as we know it in 6-12 months. It is what will finally get world popultion to the elusive herd immunity. Many vaccinated and unvaccinated will catch this over the ensuing 6 months, with only a mild bump in hospitalizatio rates. this variant is on its way to outcompeting and essentially extinguishing the other more deadly variants by having a far higher transmission rate while confering a partial immunity against all variants. It would be quite poetic if what finally rids the world of covid is covid itself. + +Im pretty much a retard throwing shit at the dart board and not a virologist or a financial advisor but have june 2022 JETS calls on this thesis. +I love strolling through reddit and reading all the crazy shit people make up about crypto as a whole they have zero clue on, all the same bullshit FUD you hear day in day out, we're so far from main stream it's crazy. + +If you ever think you're late, you really aren't, it's amazing how many people actually despise just us as people who enjoy or understand a bit about crypto. + +I don't give a shit what crypto you're into, Blockchains are going to change the world. +"Square is acquiring a majority ownership stake in TIDAL through a new joint venture, with the original artists becoming the second largest group of shareholders, and JAY-Z joining the Square board. Why would a music streaming company and a financial services company join forces?!? + +It comes down to a simple idea: finding new ways for artists to support their work. New ideas are found at the intersections, and we believe thereā€™s a compelling one between music and the economy. Making the economy work for artists is similar to what Square has done for sellers." + +-[JACK](https://twitter.com/jack/status/1367460907958243328) +"Square is acquiring a majority ownership stake in TIDAL through a new joint venture, with the original artists becoming the second largest group of shareholders, and JAY-Z joining the Square board. Why would a music streaming company and a financial services company join forces?!? + +It comes down to a simple idea: finding new ways for artists to support their work. New ideas are found at the intersections, and we believe thereā€™s a compelling one between music and the economy. Making the economy work for artists is similar to what Square has done for sellers." + +-[JACK](https://twitter.com/jack/status/1367460907958243328) +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. +Over the past 12 months I've spent $22,749. That is 0.5% higher than the previous 12 months, when I spent $22,631. So for me, inflation hasn't had a huge impact. + +The biggest drivers for me were groceries (up 13%), and pet expenses (down because my dog got sick last year but not this year). I own my house, so no rent hikes. + +With all the talk about inflation, I'm curious how it's impacting other people in this community. What was the change in your spending this year vs last? And what were the biggest drivers? +Just trying to gauge how much the cost of living will be while Iā€™m at uni. Iā€™m 19 and have worked this year saving 35k and am wondering how feasible it will be to live off 16k a year while studying full time and working part-time. I imagine rent will be $7-8k and food will be just over $4k for the year. I will mostly travel on my bicycle and will try minimise eating out. +My gf and I (both 24yo) are moving into our own home late this year or early next year - the first time either of us are moving out of home. + +Iā€™d like to know what others spend on groceries per week. Is $100pw achievable? And has it been adjusted as youā€™ve had kids? + +Also if anyone wants to add any other expenses they perhaps didnā€™t think of at first, weā€™d love to hear it! The more knowledge the better. + +EDIT: massive thanks for everyoneā€™s contribution so far! Itā€™s a manner of thinking and planning ahead so we can be prepared once we move in. From reading everyoneā€™s experience $100 will be very tight, and you have been giving strategies too which is super helpful! +I'm new to Investments arena and I've asked a couple of friends with experience and they said that this is a bad time to invest in mutual funds or anywhere. Can anyone please let me know why is it so? +Thank you +The picture does not look rosy for active funds. Even across the ten year cycle - the index has outperformed more than 50% of large, mid and small cap funds. The only outlier is ELSS. + +Check this: [https://www.spindices.com/documents/spiva/spiva-india-mid-year-2018.pdf](https://www.spindices.com/documents/spiva/spiva-india-mid-year-2018.pdf) + +What are your thoughts? +I know it's riskier even after cumbersome researching about company. I have seen many people saying they have burned their hands by investing directly. Not all, but common thing about this people is... + +Few have taken advises from friends, relatives without proper research and few instead of focusing on fundamentals of company, go with the herd mentality. + +Eg. I have an engineer friend who bought 100 shares of Graphite India at around 940 just because his colleagues were talking about that company. See that stock today. + +I'm just curious about your views. +Since I am getting married, I am thinking of getting a credit card. There will be a lot of expenses plus credit cards give good offers on restaurants & movies. But I am not sure if I will be able to spend a particular amount. Also, it would be good if the credit card works on holidays abroad. + +What are your suggestions for credit card? Thanks in advance. +Edit1: Thanks for all the responses. Much appreciated. +Future group's recently launched financial services offers about 9.8% for a 1 year FD. Whereas most banks (PSU and private) are offering only in the vicinity of 6.5% for the same time period. + +Any idea how they are promising such a high rate and how they plan to use the deposits? As far as I know, they don't offer loans yet. +Who was doing the wheel back in Feb/March 2020? I can only assume all of your positions blew up, and you sustained heavy losses. Can you share your experience, especially if you were also using margin. I haven't been in the market long enough doing the wheel to know what it is like to experience a black swan event. I'm mostly looking for reasons why I should be using less margin than I want to. When markets are going up, using margin to do the wheel is a no brainer, its like extra free money. Obviously when ever stock tanks massively, the pain of using margin and doing the wheel must be immense. +I have about $14,000 and plan on buying 100 shares of IWM by using margin. I would be selling covered calls with ~.30 delta. The plan is to a sell a CC on Monday for the same day expiration, sell a CC on Tuesday for Wednesday expiration and sell a CC on Thursday for Friday expiration. Repeat this weekly. +Any thoughts on this plan? +I put a bear call spread on an overheated stock (no not amc or any other meme stock), however after some more thought and analysis, I think the dip is temporary and I'm wondering if its a good idea to just buy the short call back at a much lower price than I sold for, and keep the long. I no longer have confidence that the short call will expire worthless, and estimate the long term price somewhere above my long. Is this the best way to handle this situation? +Objective: collect $100 by end of week. + +Plan: Sell to open 3 278 QQQ puts at .42 for 5/13 expiration (7 DTE). + +Income $126. Collateral: $9300. APR = 70% + +APR = (income/collateral) x (365/DTE) +I don't really think the market will crash any time soon, because of all the printing and stimulus. But looking at the posts on this subreddit, I am getting worried. People just starting the Wheel Strategy, some showing screen shots of their accounts, acting as if nothing can go too seriously wrong. People are behaving as if the markets are about to go down 30%. +Does anyone here trade weakly credit spreads if so what delta are you looking for and what is your typically % youā€™re going for? I ask because one of my friends was talking about day trading with theta strategies and I told him I donā€™t believe itā€™s possible except for This strategy. +I am struggling with this concept, hope that anyone can help me with this. When stock price goes down (red days), IV goes up, so thats usually the ideal time to sell put for the iv crush when it reverses to green (context: SPY). How about selling call option? I usually sell call when price goes up, especially when it reach new high. However, shouldn't IV goes down when price goes up? If thats the case then there could be risk with IV expansion with selling calls. Thanks in advance. +Curious to hear which holdings the group has given up on and tax loss harvesting at year end? Personally, I'll be unloading all $SFIX, most of my $FSLY and trimming $ABNB +Bought at the beginning of the week for $230 premium. + +Nobody expected (except my put buyer ofc) for TSLA to drop 15% in 4 days. + +Can we discuss my options? I am using margin. I know. I know. + +Option #1 - stock falls below $560 and option is exercised. I now am assigned 100 shares TSLA at $56,000. +Now I accrue interest until I pay off the margin. + +Option #2 - I buy to close and realize the loss. And roll. + +Option #3 - I do nothing and hopefully it expires. + +I am considering selling CC if assigned. I do want to pay off my margin soon if possible. + +Itā€™s alright. Thatā€™s how you learn. +I was trying to get approved to trade options at Fidelity, but they are denying my request. + +&#x200B; + +Does everyone here have like $100k+ accounts or do you all use another broker, if so, which broker? + +&#x200B; + +Edit 1: Grammar +covered call (owned the stocks at $9.80 each) at strike $10 for pltr expired last friday, before the closing bell i rolled it to to expire this coming friday for more income. profits will be 20 cent per stock if it gets called away so i rolled it for a credit for $23? is this even a strategy ? +I am down about 10K at the moment + +I am thinking of rolling it further and hoping for Facebook to recover over the next 8 months, however the extra amount, is not the greatest at the moment. + +Any other strategies that people can recommend? +To those that think they may be too late getting into Crypto. Just listen to some of the ways your coworkers and regular people talk about Crypto. + +You will hear a lot of words like ā€œscamā€, ā€œbubbleā€, and my personal favourite ā€œPonzi schemeā€. And it absolutely blows my mind how a large amount of people can be so fricking ignorant. How can you see a revolution and emergence of an asset class happening right in front of your eyes and still just completely brush it off. These will be the same people in a decade saying, ā€œMan if only I had bought Crypto earlierā€. + +I will admit I only got into Crypto last year, and I had known about it for a while but was too lazy to figure out how to buy. And in my opinion prior to these last 2 years if you had brushed off Crypto, it sucks but there was an excuse as it was still very unproven and speculative in nature. + +But as of this year if youā€™re seeing all this adoption taking place, technological improvements occurring, and development of a new financial asset class and not thinking ā€œhmmm maybe I should get a little bit of exposure to thisā€. Youā€™re an idiot. I hate to break it to you, youā€™re an idiot. + +Getting exposure and learning more about Crypto is easier than ever. Thereā€™s still ample room for growth so in the next couple years if youā€™re still a nocoiner cause ā€œCrypto is a scamā€. Donā€™t come complaining a decade from now on how you missed out. + +Edit: when I say crypto I mean large caps and Alts with utility Iā€™m not talking about tokens called sexyelondogeshib +That may sound super obvious, but let me explain. + +I'm running Extreme Cheapskates right now in the background while I work from home, and the things that they're doing to save money are actually so time-consuming and pointless that they may as well just spend the money they were originally going to spend. It's especially confusing because these are people with sizable homes in nice neighborhoods, not people who genuinely need to take extreme measures. For example, one family has a nice big house and a fence in the backyard. The father decides that he's going to repair the fence with odds and ends of wood that he finds around, and doesn't even bother painting the replaced pieces. Now they want to sell their home, and the appraiser is like "Okay... so you have to repair this fence, it's going to be $1,800 minimum". If that guy had just paid a handyman to fix up and re-paint/stain the fence, it probably would have ran him, at most, $150. But now that fence is completely ruined and he has to get rid of the whole thing. The appraiser also explains to them that they're going to HAVE to get their carpet, covered in wine stains, burn marks, candle wax, etc. replaced in order for anyone to even consider the house. They're now at the carpet store, asking if they can "patch" the carpet... As in, try to match pieces of new carpet to the best of their abilities to their current carpet to only do tiny portions of the house instead of re-doing it all. Of COURSE a buyer is going to notice this, and now they're going to have to spend more money than they already did patching things replacing the whole carpet. They also decided to go with no furniture in their living room for almost 10 years except for a beanbag and a lawn chair (which makes me ask, why even bother living in an enormous house...) when Letgo, Offerup, or even the free section of Craigslist is a thing. They leave it empty because they're somehow convinced that they *have* to spend $10-20,000 for a furniture set for the living room and that that's the only way to acquire any. + +Meanwhile, my single mother made around $25k a year (this was back in 2011), and not only made sure we always had food on the table and plenty of snacks, but budgeted to get a new phone every other year, got us new clothes here and there, etc. We had furniture in our apartment. We didn't have shitty toilet paper. I don't think my mom had that much of a savings, and we were sometimes touch and go with rent during the rare periods that she was between jobs, but we were never unable to eat. I don't understand middle-class moms who get obsessed with couponing to the point where they only pay $2 for a month's worth of groceries when that same amount of time and effort (That literally takes HOURS to prepare for these shopping trips) could maybe be put into a business or something, and it would probably result in them making more money than they saved putting ridiculous amounts of time into couponing. I could understand if someone did this when their budget is literally shoelace-thin, and they HAD to. That makes sense. But for these people that have six-figure jobs, it seems like an enormous waste of time. One of the moms from the show rationed out toilet paper (only 3 or 4 squares a day for each person) to supposedly save a few hundred a year when they could have dropped $50 for a bidet... My point is, there's a lot of backwards, complicated thought put into saving by these people that they think saving means to absolutely obliterate their quality of life when plenty of poor people live their lives, saving money *without* needing to buy one-play toilet paper, or re-using bath water with 7 people in the house, or picking road kill off the road to cook (this was actually one of the episodes). It's kinda gross how they find literally the most extreme, at-the-end-of-the-day-pointless measures that they can to save money. +I would like to rant. + +* This is what [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) is for +* It would be nice to see a thesis besides 'I thought xyz stock/etf was going up/down, so I bought calls/puts' +* Given the above bullet point, congrats on your winning lottery tickets +* It helps absolutely nobody with anything, and provides no substance to this sub whatsoever +* The only people who think you are cool are people who have no idea what they are doing +* These people then start asking noob questions that should be contained in the Noob Safe Haven Weekly thread +* Most of all, you're just creating useless noise + +I realize that me posting this also provides no substance and can seem elitist/pretentious. I also realize that I probably wasted time typing this. Feel free to let me know. I don't care. It's annoying. + +</rant> + + +**Edit:** + +**It is beyond my comprehension that some people think I am just mad about losses or being a 'hater'.** + +* I love wallstreetbets and all of it's crazy gains & losses and wild ideas +* I also love reading and having thoughtful, intelligent discussions specifically on options theory and strategies +* I am saying I would prefer if these two things were kept separate +And Iā€™ve gotta say itā€™s insanely fucking cool to see all the shirts with crypto.com on them, every beer deeper I get itā€™s as new as when I first saw it and Iā€™m honestly loving it! All FUD aside if you told anyone 3 years ago that weā€™d be seeing this level of crypto sponsorship in the public space most people wouldā€™ve called you a dreamer, so this is super cool to see. +Read that title carefully. 40%. It doesn't even include the dollars printed in 2021, and the first quarter of 2022. + +People around Reddit are saying "the dollar is getting stronger!!1". No it isn't. It is getting stronger compared to other currencies that haven't stopped the money printing. I don't care who you are or what bridge you are trying to sell me...printing 40+% of all your nations currency in the span of 2 years IS going to have repercussions going forward that we haven't felt yet. + +The BTC to Dollar exchange rate is being affected by the fact that those who purchased BTC as a speculative asset are moving their money out of BTC back into dollars because they are fearful of a market crash. But your SATS haven't lost value in compared to the other SATS on the market...they will only go up in time. +..(pretty sure this meeting wasnā€™t planned in one day) + +Only a few days before this meeting, the market falls drastically and there is blood on the street. But suddenly, just one day after this meet, markets climb up like crazy numbers, even unheard by many people, and the public is openly told about this meeting. Why not tell about this news on the same day? Why not stop the bloodbath if they are so in support of crypto and decentralisation? Were they upto something, say, buying the dip? To make the market in their favour, make it easier to manipulate it? Also a Goldman Sachs news was thrown in. + +No manipulation at all here folks. This is truly dangerous for decentralisation. Stop trusting these people and institutions. + +Edit: Here are the tweets that I am referring to:: + +1. [Musk Tweet](https://twitter.com/elonmusk/status/1396914548167233537?s=21) + +2. [Saylor Tweet](https://twitter.com/michael_saylor/status/1396915801492439044?s=21) +Mohamed El-Erian just announced on CNBC that the markets are already having ā€œtechnical issuesā€. He is saying that people will have issues selling and buying stocks and options. For how long? Who knows. + +He went on to say that if there is a great amount of ā€œhealth issuesā€ with the market, they will most likely be closed. He didnā€™t elaborate on ā€œhealth issuesā€ so I assume it means that if there are too many ā€œtechnical issuesā€ this morning, they will be shut down. + +There will prob be enough time for big money to cash out before a potential close. Never forget this game is rigged for the big dogs..... + +Edit: ā€œHealth Issuesā€ was later expanded upon to be, ā€œA market that is not healthy for people to operate inā€. AKA a market where us peasants can cash out in. +Seriously, everywhere you go there's CDC promotion, whether it's present and in your face or just tucked into the corner of a site. It's amazing how much effort and money they poured into advertising and partnerships. And I'm not complaining. + +ā€¢ Searching up coins on CoinGecko? CDC's always there at the top of the search result list as an ad andsticks out in the coins list. + +ā€¢ Fan of f1? You'll have had seen plenty of CDC all the way through. To top that the Saudi Arabian GP brought in the highest TV viewing figures in ten years for F1. So more people watching, even better. + +ā€¢ They bought the naming rights to one of the most famous stadiums for 20 years at the price of $700 million. + +ā€¢ Their presence on social media? They're everywhere. Instagram posts, Instagram stories, Reddit,Facebook,... etc + +ā€¢ Their new ad, ā€œFortune Favours the Braveā€, which stars Matt Damon, is directed by Oscar winner Wally Pfister and produced by David Fincher. + +ā€¢ Matt Damon and Water.org partner with CDCand Crypto.com makes a $1M donation to the nonprofit. + +ā€¢ A long-time partnership with Visa, Crypto.com boasts the worldā€™s most popular crypto-card availablein 30+ countries. + +ā€¢ When you refer to websites, you never say their name + their top level domain. Like you wouldn't say"Amazon dot com" when talking about Amazon; But with CDC, you do. Crypto dot com is literally thename of the company, their domain name **is** their name. So when you talk about it, people already know where to go to look up more about it. + +ā€¢ Just the mere fact that when you search up "Crypto" on Google, Crypto.com is the first site that popsup should be enough of a green flag. + +Anyways, I'm just here to list a few of the reasons why I think CDC will dominate the market in the near future. So keep spreading the word, and see you at the top! +Wanted to see if any others on this sub who are pursuing FI/RE have decided they don't want kids? Whether you love kids or hate kids, we can all agree they are a huge financial burden, especially in today's world with sky high tuition rates and increased cost of living for everything. + +Many studies say the average cost to raise a kid to 18y is $250k (which I think is low). As an example, childcare in the NYC is $2500/mo per kid. A hugely skewed example I know, but it is the truth. + +Some people are die hard "kids are the best thing that can happen to you" types, others are adamant they are not meant to be parents. Personally, I'm not opposed to the idea of having kids, but I don't think it's the answer to happiness or anything. I certainly don't think having kids just because you think you should be having kids because your friends are doing it is a good reason.. + +So you should just do what makes you happy, OBVIOUSLY. BUT, has the pursuit of FIRE altered your views on having kids? + +EDIT: To be more specific, I am NOT asking the timeless question of kids or no kids. I am simply asking has pursuing FI/RE made you change your mind about kids? If you already have kids, I'm sure (and hope to God) the answer is no, but if you do not and are potentially planning on it, have your views changed? +Alright listen up degenerates- Growth stocks have been bent over, pants pulled down, and repeatedly demolished over the past couple quarters, and for good reason. Those valuations were ridiculous and you know it. The FED turning off the printer and increasing the rate was just the turning point. As interest rates go up all the debt companies have accrued will get more and more expensive to service. The companies with foresight raised money when debt was cheap, but many were still taken down in the recent rout. + +There is a silver lining (for anyone who still has capital left), many companies who are well positioned to take advantage of the market conditions have been collateral damage to macro conditions and shorts and are extremely mis-priced, which have created outsized opportunities. I believe VRM is one of those companies. + +**Short Potential** + +There does seem to be an opportunity for a squeeze. 35% of the float is currently shorted. The stock is heavily owned by institutions; with how this has been viciously dropped one has to assume a large portion of those institutional shares were loaned out, making the 35% higher in actuality. The short sale availability has gone down over the past 7 days, and the cost to borrow has gone up. Is this beginning of a squeeze? Someone else can chime in here. + +Oh and the biggest fund that is short is a community favorite- Citadel. Iā€™ll let other degenerates look more into this and comment in the post. + +As of 5/25 the hints are dropping. Services are not allowing buy orders, utilization hovering around 100%, and a huge catalyst tomorrow (investor event). + +**The Company** + +Vroom specializes in buying and selling cars online. They were founded in 2012 and the IPO was in 2020 @$22/Share. Recently Vroom has been on the growth warpath- between 2020 and 2021 they grew nearly 2.5x in revenues, they acquired a captive financing company, acquired an AI-analytics company, and have grown their distribution centers. That type of growth in that timeframe is extremely inefficient (more on that later) and burns cash fastā€¦not so great in an environment where rates are rising. However Vroom raised 550 million dollars through dirt cheap bonds, protecting itself (for now) from any need to dilute their stock or raise more capital, and from higher interest rates. + +The big question is can they stop burning cash? Can they become a profitable company before they run out of money? The negative narrative the past 6 months is that they will not be able to survive on the cash that they have (FUD). As you can see the EPS and cash burn are not pretty, but there is a glimmer of hope. The most recent earnings results showed promise with a 30% beat and a downward trend in cash burn for the first time in a while. In that same quarter Carvana posted a MASSIVE EPS miss. + + + +||Q1 21' |Q2 21'|Q3 21' |Q4 21' |Q1 22' | +|:-|:-|:-|:-|:-|:-| +|Cash Burn |\-$77,189|\-$65,807| $98,122 |\-$129,793|\-$103,056| +|EPS|\-$0.57|\-$0.48|\-$0.70|\-$0.94|\-$0.71| + +So what are the headwinds and tailwinds approaching Vroom? Letā€™s take a look: + +Headwinds: + +Ā· **Chip/Car Shortage**\- The most obvious one. Weā€™ve all heard how microchips are in short supply and it is affecting all supply chains, cars in particular. We are also learning that car purchases are fairly inelastic, but not so much that you can charge more for a used car vs. a new car. This caused the middlemen (dealerships) to take the biggest hit on used cars. Sellers saw the prices and demanded the same increase and it got to a point where if dealerships (online brick & mortar) put the same profit dollars, it would be more than a new car. Once new cars increase in production this issue will iron itself out. Not a question of if but when. If that when stretches for too long it will continue to choke the used car market. Some people think that this is good for the used car market but all it does is inflate the price and suck profits. No new cars means everyone is holding onto their old cars longer, consumers and businesses. I believe this to be the most difficult headwind, but is not in Vrooms control. Again not a question of if but when. I also believe this will give Vroom an advantage by figuring out profit in a tight landscape which will give exponential benefits when the outlook improves. + +Ā· **Inflation**\- While the chip shortage is doin the economy dirty with itā€™s hair pulled back, inflation passes the room, takes a peak, and decides to join in with no ones consent and make it really raunchy. Like the drunk uncle that only shows up every decade, inflation wreaks havoc in a very short amount of time. Specifically for Vroom this made growth more difficult and costly (hopefully they turned the boat early enough). It also squeezed profits of the used car markets further and increased costs of reconditioning cars. It seems inflation may be taking a breather, for now. + +Ā· **Dollar Value-** Some thought the FED printer going brrrrrrrrr would decimate the value of the dollar but with all other banks also printing it was moot. Now the dollar is skyrocketing with other asset classes in flux. A higher dollar impacts imports, and used cars are imported to go to auction in the US on a regular basis. It is not a huge number, but when supply is this stretched anything will make an impact. + +Ā· **GPPU**\- The gross profit per unit was fairly abysmal the last 2 quarters. Combine a fast growth directive with an inflationary environment and you end up with no profit. If they had to grow then that means they needed cars at all costs. Story after story of Vroom offering the most for cars from individuals in the name of growth. This is where you start to see how inefficient the growth was, and how potentially easy it will be to show strong change in the coming months. + +Ā· **Macro conditions long term**\- Market has been pummeled, maybe there is a break in the medium term, however the geopolitical issues seem to be here to stay and that could spell trouble for the markets. On a long enough timeline these conditions will improve. + +Ā· **Licensing ā€“** Vroom has had trouble licensing cars and you can see it in the reviews. This was caused by a combination of (again) triple digit growth and the inherent fact that the licensing process sucks, and since Vroom is nationwide there are different processes to hone in and try to optimize. + +# Tailwinds + +Ā· **Headwinds reversing-** If headwinds that are not in Vrooms control start to ease (Chips, Inflation, DXY, Geopolitical) then I would expect Vroom to catch some extra movement since the move down was so violent and the latest earnings report was extremely positive. + +Ā· **Low efficiency bar ā€“** The C-Team recently highlighted that they plan to pivot to profit from growth going forward. With how much growth there was, I suspect there will be very easy levers of efficency to pull. + +o Stopping expansion capex- Easy, quick, effective. Less marketing and no new operations because its time to work on making the existing operations better. I have a suspicion that this has already happened and that was how they shaved 30% off the EPS loss. + +o Operations- When in expansion mode making things efficient is almost the last thing you want. You WANT to have extra employees to move on new work quick, you move on to the next project before the previous one is perfected. The point is there is a lot of meat on the efficiency bone. The new CEO highlighted a simple point of displaying cars closest to the customer first to lower delivery costsā€¦ I mean talk about low hanging fruit! + +Ā· **Non-growth initiative-** Right now this simple change will be a massive difference maker. No more over paying for inventory. No more issues reconditioning (less throughput means smaller operations, no need to pay a premium for 3rd party reconditioning). It also solves the problem of the Adesa acquisition by Carvana (if it actually goes through). These are just some of the very easy changes they can make to pivot to profit. Will they lose revenue? Sure, Vroom definitely over clubbed growth and burned some cash in the process. All that is moot as long as profit is viable. 2bn in sales with .10 cent EPS loss or even profit is a better picture than 5bn in sales and the sale EPS losses. + +Ā· **Product expansion ā€“** When you are not focused on market growth you can turn some attention to product growth. The car is just there to reel you in, almost a loss leader, and the real profit is in the add-ons. Extended warranties, service warranties, internal financing, white glove services, maybe even a leasing subscription service. Some of these are already in play, Vroom just completed their acquisition of UACC, a car financing company. This tailwind may take a bit longer to play out, but with how big the used car market is, the potential is massive. That being said improving existing products profitability should be achievable in the short term. + +Ā· **Carvana**\- Carvana is wading through a steaming pile of debt shit, to the point that it could be in real trouble. It seems that they overshot and grew too big too fast by using an incredible amount of debt. Double whammy..ouchie. They are also almost 4 times the size of Vroom and will have that much more trouble turning the ship to perform in the new economic environment that we are in. This is great for Vroom who could have simply been lucky to be the right size at the right time; when the pivot was needed. This means that any negative news for Carvana could be a catalyst for Vroom. Will the Adesa acquisition fall through? Is bankruptcy imminent with the debt they have? + +Ā· **Macro conditions short/medium term**\- It seems that the past several weeks have been stretched to the down side and we could get some relief ahead. Pure speculation, but hopefully at some point it will turn. + +After the most recent earnings call, I noticed that VRM saw the writing on the wall earlier and acted late last year. They hired Tom Shortt as COO and recently announced his promotion to CEO on the call. It is apparent now that they brought on Tom Shortt to pivot VRM from growth to profitability and they likely started much earlier than some think. I looked back at the announcement and Tom even hinted at it- ā€œI am excited to join the Vroom team as COO and look forward to **using my experience in supply chain management and business transformation to help Vroom build on its success,** execute its growth plan and **drive operational improvements** across the organization,ā€ said Mr. Shortt.ā€ Just like war time and peace time leaders, there are growth CEOs and profit CEOs, and Tom is a juggernaut in efficiency. With experience optimizing the most complex supply chains like Walmart and Home Depot, they seem to have the right guy at the helm for what the company needs the most. + +So we now have a company that is pivoting from extreme growth to profit. From experience I can tell you that when there is extreme growth, the efficiency is fairly easy to improve drastically at first (think 80/20 rule). Think of how low the bar was for efficiencies when the only goal was growth. Low hanging fruit like that can cause fast movement in profitability, and even faster movement in the stock, especially one as mis-priced as VRM. + +Iā€™ve been following VRM for quite some time and the difference between the Q4 21ā€™ and the Q1 22ā€™ earnings call was night and day, I would recommend listening to them. Q4 21ā€™ sounded like the C-team went on a bender the night before, shoved their faces into a bunch of silicone tits, and remembered that they had an earnings call in an hour while eating pancakes at Waffle House. The conspiracy theorist in me says it was planned to drive the price further down for shorts. It does look like shorts have gotten quite greedyā€¦ In any case the Q1 22ā€™ was extremely positive, well structured, and gave exactly the guidance investors were looking for. + +Tom Shortt also gave guidance that they expect to have \~500 million in unrestricted cash by year end. If that comes to fruition that would indicate that a strong curve to profitability is in effect, and that 500 million will be enough to get the company to profit. + +Now equipped with an operational oriented CEO, 800million in cash and a profit directive, Vroom could not only get to profit, but leapfrog Carvana in the process. *Should this really be priced for bankruptcy?* + +**Stock Price/Valuation** + +As you can see there are some challenges to overcome, but I believe Vroom is in the right place size wise and financially to get to profit and become a major player. And with the company valuated where it currently is, the downside is limited. The market potential is absolutely monstruous (more on this below) + +As I write this the price is 1.50. This gives Vroom: + +Ā· A market valuation of 210m + +Ā· Price to Book of .22 (no that decimal is not a typo) + +Ā· Price to Revenue of .05 + +Ā· Net Debt of 615m + +Even after the destruction of Carvana stock price the numbers are still surprisingly divergent: + +Ā· A market valuation of 7.8b + +Ā· Price to Book of 11.28 + +Ā· Price to Revenue of .24 + +Ā· Net debt of 6.75b + +I look at this and one would think ā€œthere must be a reasonā€. There must be a reason Vroom is priced at a QUARTER of itā€™s book value? Yes the cash burn will lower the value quarter by quarter, however compared to other growth stocks this has been hit much harder. P/B of PTON is 2.64; ABNB is 15.18; COIN is 2; ROKU is 4.55; BYND is 13.33. Even after the massive declines they are still worth at least 2x book. 2X book would put VRM at approximately $13.64. + +At a simple book value of 1 VRM would trade at price of $7.14. At year end they estimate to have 500m in cash; which equates to $3.67 per share BEFORE ASSETS! + +Well then maybe the growth potential is limited I thinkā€¦.but no. The TAM in 2022 is 160b, of which Vroom only has 2% of. The market also grows 3.4 percent per year and hey guess what- there is a small trend called online shopping. Rona made people comfortable buying something as costly as a car completely online and that trend will only get bigger. The big players in the market barely make up 20% of the market share. The industry is still EXTREMELY fragmented with a ton of small dealerships lots. Do you really think in 5 years Vroom wonā€™t be drinking their milkshake?! This is Amazon vs Brick and Mortar in the early 2000ā€™s. You may think online car buying wonā€™t last or it is too difficult, but you will be wrong, and Vroom will be 100x by then. + +Lastly take a look at the weekly chart- since August 21ā€™ there have only been 7 green candles (candles that are miniscule vs the red)! Iā€™ve been trading for a decade and I have never seen anything like this. They say the market is never a straight line, well this is the exception to the rule! If this is short manipulation, the move back up could be just as violent. + +If I was evaluating this company in my professional capacity, value would be much higher than 200m. It should be at least 1.5bn until the end of the year where more clarity is seen. + +**TL:DR** + +You have a company that is extremely oversold because of short manipulation, macro conditions, FUD narrative and industry conditions. This same company is in fact the best positioned in the industry to take advantage of the macro changes. So not only is this oversold, it should be valued higher than book because of future potential. + +Between the right management now in place, the cash and asset value, and the future potential, this seems like one of the safest places to park cash (hell you are buying cash at a discount at this price). I have moved most of my liquid assets to this singular stock. I see little to no risk bag holding this, I sleep like a baby. + +**APE TL:DR** + +40%+ Short, Citadel has the biggest short position, oversold fundamentally and technically. Has the potential to both be a meme and/or a good investment. LOW RISK HIGH REWARD. + +**Final Notes** + +\- THIS IS NOT FINANCIAL ADVICE I AM SIMPLY SHARING MY DD FOR THIS COMPANY + +\- There is an investor event May 26 that will detail how Vroom will get to profit. Could be a catalyst and the way the price action is going today (25th) it looks like shorts are trying to cover. + +\- L52,000 @ 2.74 +I finally broke out the the $3M resistance and hit [$4M today](https://imgur.com/a/V5hdmbg) + +I sold the (10) 7/10 $1220 calls I bought on Thursday at todays [market open](https://imgur.com/a/tMtsoAN) and scalped $1300 7/10 calls for another $10k. + +[7/10 $1220 calls sold and all other positions riding](https://imgur.com/a/ZVr2xeb) + +Total of $40k FD investment into $88k [cashed out](https://imgur.com/a/58VAQf5) from Thursday to this morning. Iā€™m buying my dad a model 3 with the $88k which is why itā€™s cashed out. I told him on Thursday if the $40k FDs print, then thatā€™s his Tesla fund (I need to keep some for taxes and he needs the LR AWD). + +The $1500 1/21 calls will be converted into shares once we hit $1450-$1500 and Iā€™ll start trying to sell covered calls. + +Idk how this happened but Iā€™m just going to keep rolling with it. Shout out to NVDA puts bro for inspiring me so long ago. + +Bonus: this is *definitely* inaccurate but my combined portfolio viewer says I had a bottom of [$14k](https://imgur.com/a/uKnzPin) on Jan 10th 2020 LMAO + +Extra bonus: $2M to $4M [challenge](https://www.reddit.com/r/wallstreetbets/comments/eygtot/reverse_guh_tsla_journey_to_2m/fgh3bzy/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf) accepted + +Edit: [$15k scalp before close](https://imgur.com/a/y83GyRB) + +Edit 2: [$115k until $1M RH #2 - market close](https://imgur.com/a/KlI0uhJ) + +Edit 3: Taxes. The options are for Jan 2021 expiration. So all the profits on those donā€™t need to be paid until sometime in 2022 (if held) ;-) +I am a student, unemployed. I can't get anything but I'm only really applying for jobs online. +What are the best methods to approach finding a job, any job and successfully landing at least maybe an interview! +I've had a loss on it since day one of buying it early this year...I only got it because I thought you were supposed to balance out your stock portfolio with bonds. + +I'm just tempted to sell off all my shares. Is there a purpose to holding if stocks really go down? + +Thank you guys +I have $1000 that doesnā€™t matter to me and would like to invest it in a high risk high reward scenario. I know itļæ½ļæ½ļæ½s not a lot but where would you guys put your money in this situation ? +A few weeks back I commented about shorting a stock and a reply I got was a bit confusing to me. + +The commented mentioned there are a few "risks" to shorting. + +The most obvious one is the unlimited downside. You buy a stock worth $25, the worst it can do is go down to $0. You short a stock worth $25, it goes to $50 it's as if you bought and went to $0. But if it goes to $100 you are now down 4x your investment. + +&#x200B; + +What I don't understand is the borrowing costs. Specifically I'm looking at BYND (Beyond Meat) which apparently had no offering up their shares to short and anytime I put an order through RBC DI it got immediately rejected. The commenter mentioned I will be paying a borrowing costs to short this. I called RBC who told me if an order goes through to short there are no borrowing costs. Can someone explain to me situations where borrowing costs may exist? +Hi r/CanadianInvestor! I just started investing my savings recently and I use TD Webbroker - I'd like to stay with them going forward , but want to be smarter about how and when I invest. + +I'm mid 20s, with no debt, and contributing \~1.5k to my TFSA/month. Currently I have \~22k in my TFSA and is broken down into these + +* \~5% CM +* \~12% EMB +* \~2.5% RY +* \~2.5% TRP +* \~33% SHOP +* 19% TD +* 13% VEQT +* 10% VFV + +I did a lot of small transactions early on (i.e. CM, RY, TRP) because I thought it'd be better that I quickly put my money into the market rather than keeping it in cash in my TFSA, but those quickly rack up the transaction fees ($9.99). Going forward, I've been trying to only buy at least 1k/trade. I was wondering if anyone might be able to help provide some advice for a young, new investor - thank you! +Is it worth getting a $20,000 GIC, 18 months at 3.35%? If not, is there something better, other then TFSA or RRSP, to do with that amount of money? + +&#x200B; + +edit - not TFSA or RRSP because those are maxed. Money is just sitting in bank account. So the question was really; sit on it, GIC now, GIC later, other... + +&#x200B; +With Dividends so high right now, it seems like a no-brainer to park your money there and just earn your 4% dividends. Unless I mis-understand how dividend stocks work... +Edit: I will try this myself in the coming two weeks to see what happens, and will post about how it goes compared to buying on Interactive Brokers and the DRS'ing + +The DRS guide has a link that states you can wire money to Computershare through Wise in order to buy as much as you want, other people apparently have tried and it worked + +This should be the way for us international apes who still make some money every month, and thatā€™s what Iā€™ll do + + +Donā€™t get me wrong, Iā€™ve been all-in since September and had to take care of other stuff, but THEY TURN OFF DRS, so now Iā€™m gonna buy even harder +I am a 29 (m) about to inherit 100k and need to determine how best to allocate the funds. + +I make 81k a year + bonus in a HCOL area. + +My rent is roughly 1900 a month and I just signed a 2 year lease with my gf (soon to be fiancee). + +I have 26k in savings; 25k in a Roth IRA; and approximately 120k in index funds and crypto in a brokerage account; I also recently set up my 401k with my employer and will be contributing 5% to a traditional 401k with a 4% match. + +My initial thinking is to buy an investment property and rent it out or start a side business. But I also need to account for future expenses like paying for an engagement ring, wedding, honeymoon and house of my own in the next 2 years. Not to mention kids, attending a lot of weddings for my close friends and family and my future wifeā€™s student loans (approx. 11k) + +Any advice is appreciated. Thank you. +I'm 24 and have little knowledge about the credit/loan world. +Just getting my life together and I'm deeply in debt with medical bills, Around 27k.. + +My co-workers are trying to convince me to go to a lawyer and file a chapter 7. But the way they explain it just sounds to good to be true. It removes all your debt and restarts your credit at 0, Correct? + +My questions are What are the disadvantages to filing bankruptcy. Like leasing a car, getting a credit card, renting a house, etc. + +And do some of you think I would be better off paying off my debt? In time it'd be 3-4 years before I have it payed off. + +Any advice is helpful advice! +Hey everyone! Iā€™m have set a goal for myself to retire at 65 to 70 and be able to put about 1.5 million into a retirement house when I get in my 60s and have enough to live a comfortable life, dirt bikes, camping, and enjoy the finer things. A little backstory on me, Iā€™m 24 now. Iā€™ve got 6 years military experience behind me. Iā€™m currently an EMT making about 50k a year in WA state, living in a travel trailer out of desire not necessity because itā€™s cheap. Iā€™ve got a 40k truck loan Iā€™m paying off within the next 3 years and thatā€™s all my debt. Single, no kids. I have the GI Bill Iā€™ll be using for a masters to obtain a Physicians Assistant license which I plan to make my career. If I play that right, I can have my masters and license with very minimal student loan debt. I have about 9k put into a Thrift Savings Plan, which is the governments version of a 401k and it is set to mature in 2050. Unfortunately I cannot add any more money to this account since I am not a federal employee anymore. + +I am very thankful Iā€™m in a spot to make this dream come true within the next 40-45 years and I pray I will not hit any snags. My question is, how? I know how to budget and put money in savings and emergency funds etc, but I know nothing about money market accounts, compounding interest, where to put money, or anything like that. Can anyone help? I appreciate all of you and wish you all win the lottery! +I was advised to get an umbrella policy for general liability due to the profession I am in (people might assume I have deep pockets and sue me for every and anything). However my net worth is low right now. Shouldn't I wait until it's at least 1 million before getting one? Or is it better to get one right away? And can someone get my house even if I don't have much equity in it? And in general are retirement accounts protected? +[ohio] +I am a 34 yr old male, Im living in Tijuana due to work (60k).I have a 4 unit rental building that produces $2000 monthly passive income. +My company pays for my rent,Yet only have around 10k in bank account. + +I want to take advantage of living in Mexico where everything is relatively more affordable.I just honestly donā€™t know where to start, I have no investment accounts/ looking for some orientation. +Thank you for all your help in advance, salud šŸ„ƒ. +Okay so Iā€™m currently looking into buying a house with my girlfriend. Weā€™ve been together for a few years and are very much on the same page about purchasing a house - to serve as both a home and a financial investment. + +Iā€™m on roughly Ā£23,000 a year, and pay full rent and all the bills at my current house (combined roughly Ā£700-800 a month). However, I have no savings whatsoever, a little personal debt and an average credit score. + +My girlfriend is currently still a student so only makes around Ā£8000-9000 maybe. She does have around Ā£20,000 in savings though. + +Weā€™re looking at a house which has an asking price of Ā£120,000. My girlfriend is willing to put Ā£20,000 deposit down, and I would make the first ~3 years of mortgage repayments. After I had contributed my Ā£20,000 repayments, we would contribute 50/50. + +Would a bank even consider this arrangement? What would be the best way to approach getting this mortgage? Any general advice in this situation? +Since election international outperformed USA ( 26% vs 23%) + +Thesis : +1. Weak dollar , when dollar index low international outperforms , look at 2017 performance +2. Commodities boom and global demand will help emerging markets +3. Market composition changed since 2008 top cycle , if you break it down by industries there is a lot of tech /healthcare like USA compared to energy back in 2008 +4. Starting valuation are super attractive compared to USA , price/earnings, dividend yield etc + +International been dead money for a while , hopefully it will start paying off this cycle + +Edit 1: + +Why buy things that not working bla bla bla +Bet you 100$ you have no idea that small cap outperforming sp500 with alllarge tech in it since 2018 but all outperformance happened last 3 month , so you had to hold dead money for 3 years to things all of sudden work like magic + +Edit 2: + +I am not huge fan of Europe /Japan but I am not smart enough to pick countries so itā€™s VXUS and not emerging tilt , I am going to let other ppl run numbers and decide where things go +Hey all, I posted a couple of months ago when I first started at a new job. Long story short, the position was advertised on seek with a salary range of $80k-$100k +However my boss offered me $72k (including super) +I decided not to question it because it was in the middle of our 2nd lockdown in Sydney and it seemed like a good job and one I already had experience in. + +So a few questions: +1. Would it be deemed as false advertising for a company to have a position on seek paying $80k minimum and then offer the new employee less? + +2. Is it fair to assume that $80k would be for someone with little to no experience in the role? I had 3 years with another company with more responsibilities than I do with the new company so I would think I should be worth more towards the $100k end of the range. + +3. How should I approach my boss about this when my probation is over? Should I mention that the job was advertised with a higher pay range? Should I ask for the $100k? + +- My boss is very approachable and seems quite reasonable so I don't want to cause any conflict if and when I bring this up because I'm enjoying working for the company... I just want more money šŸ˜© + +Any advice would be much appreciated! +Will likely be resigning from my job soon. + +Most resignation letter templates I come across seem to have a ā€œthank you for the opportunityā€ statement in them - Iā€™m leaving due to lack of opportunity (I transferred to a different business location, was promised a certain contract that never eventuated/basically was ignored). + +Is it ok to write a short/one sentence statement simply saying that you will be resigning from a certain date with your last date of your notice period? + +Thanks + +EDIT: thought Iā€™d share this one I found as I was browsing templates + +[https://i.dailymail.co.uk/i/pix/2017/05/12/01/4037F97B00000578-0-image-a-7\_1494548039262.jpg](https://i.dailymail.co.uk/i/pix/2017/05/12/01/4037F97B00000578-0-image-a-7_1494548039262.jpg) +Some experts are convinced that the bulk-billing rate is far lower: about four to six in every 10 visits to GPs. + +Leaked documents show one of the countryā€™s largest telehealth companies, Phenix Health, has bulk billed some patients at the same time as charging them a fee, a practise that is illegal under the Health Insurance Act. + +However, Faux urged the government to make the review independent and broader. She estimated that up to $8 billion a year is being lost from Medicare due to fraud and non-compliance, which represents nearly 30 per cent of the $28 billion current annual cost of Medicare. + +The revelations come as GPs lobby the government to boost bulk-billing rebates, claiming bulk billing is in crisis and they can no longer afford to offer it unless the Medicare rebate is increased. + +https://www.brisbanetimes.com.au/politics/federal/medicare-rorts-expose-inflated-bulk-billing-rates-20221017-p5bqas.html +Hey all, I posted a couple of months ago when I first started at a new job. Long story short, the position was advertised on seek with a salary range of $80k-$100k +However my boss offered me $72k (including super) +I decided not to question it because it was in the middle of our 2nd lockdown in Sydney and it seemed like a good job and one I already had experience in. + +So a few questions: +1. Would it be deemed as false advertising for a company to have a position on seek paying $80k minimum and then offer the new employee less? + +2. Is it fair to assume that $80k would be for someone with little to no experience in the role? I had 3 years with another company with more responsibilities than I do with the new company so I would think I should be worth more towards the $100k end of the range. + +3. How should I approach my boss about this when my probation is over? Should I mention that the job was advertised with a higher pay range? Should I ask for the $100k? + +- My boss is very approachable and seems quite reasonable so I don't want to cause any conflict if and when I bring this up because I'm enjoying working for the company... I just want more money šŸ˜© + +Any advice would be much appreciated! +https://www.reddit.com/r/AusFinance/comments/smrmkv/i_was_underpaid_for_3_years_back_pay/?utm_medium=android_app&utm_source=share + +More than a month has already passed since my manager told me that she will get my pay rate adjusted and it still hasn't reflected on my recent payslip. She did say that it was already approved by the executives. Should I go to HR now? regarding this subject matter? + +Also, she told me that I will only get a back pay from the date that she submitted the adjustment of my pay rate, dodgy? how should I go about asking for a backpay for the last 3 years? +There are no leaders, there are no idols. Just apes. Idolise nobody, and trust only in yourself. If you take this approach, they cannot do you any harm at all. There are good and bad actors throughout this sub. Trust the DD you have done. + +In short, trust in yourself, and if everyone trust in themselves everyone here is beyond the hedgies reach. + + +I had Ā£5000 GBP that I had saved and I was determined to finally try make something of my money. + +I spent weeks learning how to read charts/technical analysis and as I became more confident I wanted to learn further. I have $6900 spread across some reasonably safe coin but no greed got the better of me... + +I was following JRNY Crypto since I got into this mid Feb. He was always talking about his memberships and I became really curious and wanted to get involved. + +I saw him post a message on Twitter about his membership commenting on what one of his subscribers had said. I was convinced this would be a good decision. + +So later that day I messaged JRNY crypto... or atleast... I thought I did... + +Earlier that day I followed someone called @JRNYcryptto + + +i didnā€™t realise the extra T I messaged this guy and expressed my desire to join his membership program we actually had a good conversation he broke down the different types of membership and I was sold he directed me to this trading platform + +Bitcryptotrade.net + +Because I messaged him first there were no red flags.. I thought the trading platform looked a bit crappy but still no red flags... I head to the subscription page where I deposited 5 grand... saying it out loud and reading as I type is making me feel utterly sick that I could be so fucking retarded.... + +The premise was that he would trade with my funds and after he had achieved the certain ROI heā€™d take 20% and I would take the rest. Like you pay a an investment banker. I had sunk a few whiskies earlier in the evening which I knew clouded my judgement.. + +It wasnā€™t until after I had deposited.. that I felt the urge to check something... I remember in a JRNY video he was aiming for 100k Twitter following. I went back on Twitter and noticed this guy had 20k.. dread filled my soul I then noticed the extra T.. + +I knew at that moment I was never seeing a single penny of that money ever again.... I brought this new discovery to his attention. He claimed he has a second account so that he can message prospects. I knew it was total bullshit but I was worried that he had some of my info and I was nervous this could get worse.. + +He kept reassuring me this was real and I should relax.. a few days later he aggressively tryā€™s to convince me that I had to pay his 20% commission fee upfront I couldnā€™t believe the balls of this guy... I told him that wasnā€™t gonna happen I had very little left basically $1700 from my original Ā£5000.. + +He then tryā€™s to befriend me saying not to worry about the fee and continued to try reassure me.. I went along with it due to worries he may be able to hack my wallet to retrieve my last few coins. Lastly he says for me to withdraw my profits at the end of day 5 Iā€™d need to pay a $5000 withdrawal fee. + +Neither the commission fee or withdrawal fee was ever mentioned prior to me depositing funds. He tried to take advantage of the fact I was all in and tried to exploit another 11 grand out of me. Not once was I ever going to pay.. + +I thought I was a smart guy but Iā€™m a dumb fucking idiot who deserved all of this. To make matters worse I have been bombarded by fund recovery scammers... + +I have only a tiny bit left and every day Iā€™m lying to my partner about how my crypto investing is going.. + +For the love of god donā€™t be as retarded as me please read this, feel free to laugh and ridicule I deserve it... read this and remember even if you think youā€™re talking to a legitimate person with good intentions even if YOU message them first... + +Please be careful.... +https://www.cnbc.com/2020/10/17/iphone-price-wars-are-back-as-carriers-compete-for-5g-customers-.html + +U.S. carriers are actively competing for subscribers by discounting the new iPhone, hoping to lock customers in for years on their wireless service. + +Verizon and AT&T are advertising "free" iPhone 12s for customers who sign up for unlimited plans and multiple-year commitments. + +For Apple, the wave of carrier promotions could boost iPhone sales in the United States by reducing the cost of a new phone. + +Thanks for the award. +&#x200B; + +|Ticker|Shares|Unit Cost|Last Price|% Gain|$ Gain| +|:-|:-|:-|:-|:-|:-| +|AEPT|9536|0.0069|0.012|73.91|48.6336| +|APAFF|2000|0.0835|0.0798|\-4.43|\-7.4| +|APHA|757|4.35|20.25|365.52|12036.3| +|AZZEF|4000|0.045|0.0315|\-30|\-54| +|BBRW|100000|0.0034|0.0133|291.18|990| +|CCWOF|3000|0.3999|0.4264|6.63|79.5| +|DLRWF|10000|0.0372|0.0385|3.49|13| +|GRSO|36000|0.003|0.0037|23.33|25.2| +|HALB|306|0.0617|0.042|\-31.93|\-6.0282| +|HDGHF|5174|0.062|0.1059|70.81|227.1386| +|IUGNF|600|0.0963|0.088|\-8.62|\-4.98| +|KBLB|3600|0.1689|0.152|\-10.01|\-60.84| +|KIQ|345|1.08|1.15|6.48|24.15| +|MBII|460|1.31|2.54|93.89|565.8| +|OGI|823|1.22|3.52|188.52|1892.9| +|TORVF|3680|0.076|0.06|\-21.05|\-58.88| +||||||| +|||||Total|15710.494| + +edit: All positions are long and based on extensive DD. I have a Bachelors of Science in Materials Science Engineering from the Johns Hopkins University with a specialization in Nanotechnology. Currently a self-taught Full-Stack Engineer developing software for an adtech company. These aren't blind gambles. + + +Bonded Finance has been building for well over a year now and its platform is due to release in November. + +They will essentially be the AAVE/Compound for low-mid tier altcoins which other platforms have not targeted, thus aiming to unlock, aggregate, and de-risk up to 50 billion of dormant value into their ecosystem. + +Bondeds Index and platform will allow HUNDREDS of small market cap coin projects to get their tokens listed on the lending index. Token holders of the various projects can then deposit their tokens and take out stable coin loans against their bags, unlocking their assests. + +They have built a complex algorithmic ecosystem around the primary lending index including features such as USB stable coin, ca. 10% APY for USDC lenders, bundling of alts in various tiers for loans, and much more. + +**No one else is doing this!** + +\- Non-anon team + +\- Huge connection to chainlink and will use new tiered LINK oracles when bundling alts into tiers for loans. LINK tweet in may pumped it to 8 cent! + +\- Single stake $BOND on the platform earns interest and liquidation fees. + +\- SC Audit by Cyber Unit (Same firm that audited FTX, Elrond & Ukraine National Bank) + +\- 13m market cap + +\- Profit feedback loop with fee distribution back to holders + +\- All unlocks from pre-sale done (no vesting unlocks to worry about) + +\- Strong liquidity compared to market cap + +\- A big catalyst in November which is perfect timing for the bull run and bullish Q4 + +\- Chart looks like it wants to explode + +\- Rebrand in the works + +\- Partnered with PROS, TOMO, GLCH, UNN, MATIC, ROUTE, GTON, DFYN, LINK, STAK & More + +\- 400m/1000m Coins in Circ - **Current Price: 0.035$** + +\- Target: 500m - 750m Market cap and $BOND to 2$ + +DYOR AND READ THE MEDIUM. + +Official Links: + +Telegram : [https://t.me/bondedfinance](https://t.me/bondedfinance) + +Coingecko: [https://www.coingecko.com/en/coins/bonded-finance](https://www.coingecko.com/en/coins/bonded-finance) + +Bonded Finance ([https://bonded.finance/](https://bonded.finance/#firstsec) + +Devnet: [https://dev.bonded.finance/](https://dev.bonded.finance/) + +Tokenomics Article ([https://medium.com/@bondedfinance/bonded-public-sale-november-15th-tokenomics-cacbb4b9b1e](https://medium.com/@bondedfinance/bonded-public-sale-november-15th-tokenomics-cacbb4b9b1e)) + +Staking BitMax ([https://bitmax.io/en/staking/investment-product-details/BOND-S](https://bitmax.io/en/staking/investment-product-details/BOND-S)) + +Medium ([https://medium.com/@bondedfinance](https://medium.com/@bondedfinance)) +As far as I'm aware, hospitals are supposed to give you details on what you're paying for exactly, but I asked for this and it seemed as if it was an unreasonable request. + +Secondly, I asked to set up a payment plan over 8 months which they were fine with, but when I asked for that payment plan to be sent to me in writing they refused yet again... + +What are my actions here? I adamantly refuse to give a business my money without an explanation of what that money is for, and an explanation of how this payment is structured. + +Am I out of line for wanting evidence of what I'm paying for and an actual agreement to pay for whatever it is I owe? + +Edit: I live in New Hampshire + +Edit 2: A quick update, I called again and brought this up immediately to the woman I spoke with, I told her essentially that without fulfilling my reasonable request I wouldn't be paying any money. I am very happy with the response that I got, essentially she said her colleague was a bitch and just trying to get me off the phone because I wouldn't make a payment right then. I told the woman I dealt with she was extremely helpful and she told me I should expect a signed letter going over the payment plan I put together and the first bill all at the same time with itemized list details of everything we went over. + +She also removed one of my disputed accounts, so the bill is 1100 to be paid over 6 months :) +**EXCHANGES** + +Donā€™t store your Bitcoins on an exchange long term, it doesnā€™t matter how reputable the company behind it is, the biggest and most trusted exchanges were victims to exit-scams and hacks in the past. + +Exchanges are good for one thing, exchanging, buying or selling for the best rates. Thatā€™s it. + +**WALLETS** + +A Hardware wallet will always be the safest method of accessing your funds. Itā€™s a device that stores your 24 word seed offline on a chip. The private key wonā€™t be exposed even if your computer is compromised. Note that no Bitcoins are ever stored on the device itself but on the Blockchain. + +The most trusted hardware wallets by the community are: [BitBox02](https://shiftcrypto.ch/bitbox02/), [Coldcard](https://coldcardwallet.com), [Ledger](https://www.ledger.com) & [Trezor](https://trezor.io) + +Every device has their upsides and downsides, do a comparison yourself to find out which device fits you the best. Make sure to only order from the official website and no third party source. Also request the deletion of your customer data, Ledger was victim to a data breach that revealed personal information. + +**SEED BACKUP** + +You should always back up your 24 words that are the keys to your Bitcoin address. The most common methods are either a plain sheet of paper or a metal plate. I would recommend a metal plate since they are resistant to water, fire and earthquakes. + +[Here](https://jlopp.github.io/metal-bitcoin-storage-reviews/) is a good overview of metal backups, rated and stress tested. + +Only store your keys offline. Never ever type them in any device other than your hardware wallet. There is numerous malware out there that targets this information. + +**USE COMMON SENSE** + +ā€¢ If itā€™s too good to be true, itā€™s too good to be true. + +ā€¢ Never share your Bitcoin balance anywhere, youā€™ll be targeted by scammers, hackers and other individuals. + +ā€¢ Donā€™t hand out your keys to anyone. Not to official exchange support, friends, invesment bankers etc. (With the key your Bitcoin can be stolen from anywhere in the world.) + +ā€¢ Most Bitcoin are lost because they lose their private keys. Be responsible, donā€™t make it overly complicated by splitting the seed. Just store it somewhere securely. +Congratulations to fellow ONE hodlers for staying strong all this time! This coin has been going on a rampage recently. It has a upcoming beta mainnet deployment (Trustless Ethereum Bridge), Cross Chain NFT, Decentralized Nodes and Bitcoin bridge all in this month! There is a lot of stuff coming up this year alone, so i'm glad people are starting to realize its true potential. + +If you own this coin, hopefully you've been staking it and reaping the rewards. Either in the app or some exchanges who gives high APY. Binance for example gave 20.51% APY for 90 days locked but it's sold out. Let's see what else the future brings us ONE holders! + +EDIT: Another ATH at **$0.3198** + +EDIT 2: It just keeps going - New ATH: **$0.3345** +I've been over this a couple times, and I'm sure I will again, but I want to make sure you smooth brained autists get the message! + +Friday AMC stock close: $13.26. Basically, the same price as a movie ticket. + +Here's the data: + +1. Stock float (Shares available to be traded): **106.60M** +2. Short float (percent of shorted shares): **41.91%** +3. Average trading volume (Shares traded in a day) including this week's activity: **84.62M** +4. Friday's trading volume (with buy restrictions in place): **594,653,177** +5. Short price **$2.15** + +Now you have the data, here's the point... + +Short ration is still well over 0.5! That means these bastards aren't giving up. They want to see the stock drop below $3.00, crush the company, and kill the largest employer of high school deadbeats in the country. Some short positions are moving out, but not many. Even with platforms buy restrictions in place the daily volume was 7x the average. + +Aside from the financials, people will be flooding movie theaters soon! People who haven't been to a theater in years will be piling in to see Top Gun 2, The Matrix 4, etc. **BECAUSE THEY CAN!** Movie theaters were taken away from all of us and people will be going back simply because there was a time they couldn't! + +The stronger you šŸ’ŽšŸ™Œ the harder you can squeeze! + +I like the stock. I am autist ape, not a financial advisor. Not financial advise. Just my opinion, blah blah blah... +Ape strong together! + +tl/dr: AMC to $50! šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸŒ‘ +Anybody else been riding this since the beginning? Thoughts on where it has room to go from here? + +It seems like it should continue to benefit from the latest round of GPU releases as consumers can finally pick up the new NVIDIA and AMD cards, leading to new PC builds. Still, I'm shocked at how consistently this has been moving up ~3-5% daily. +Hi all. + +Looking for some advice. My parents (both 70 yrs old) are looking at the possibility of gifting me their house (their only property), primarily as a means of avoiding to have to sell it for care costs later in life and possibly reduce inheritance tax after they pass away. + +From what I've read, this appears to be entirely legal, given a few restrictions, such as they must live 7 years after gifting and I'd need to possibly charge them rent?! + +I'm trying to understand what the implications are for me and my family and what considerations I need to make for our wider financial circumstances. + +My wife and I are home owners and also own a BTL property together. Our joint income is Ā£100k a year (+Ā£6k after tax from BTL). No debt to speak of other than mortgages. We have 2 young children, if that has any bearing. I have a brother who lives in Australia, the current thinking is that trying to split the gifting would be tricky because of this so it'd be gifted to me only, in the UK, and we would sort out splitting the house when my parents pass away. + +Any thoughts on the pros and cons of this situation and things we should bear in mind / may not have thought about? + +Thanks +Hi. I was looking for advice for my dad. He was working as an employee for 8 years where he had a pension. However he moved to a self-employed job about 2 years ago. Lats year he had started contributing to a personal pension (NEST pension scheme) at Ā£15 per month (all we can afford at the moment). Currently there is Ā£270 invested there. However I was wondering if there was a more efficient way of saving and investing. I had called the old company pension scheme to transfer the money however they said they couldn't do that. + + +I will be starting my first job in about 4 years time (currently at university) and am happy to support my dad however much is needed but he I know would like his own financial security. He is currently 47 years old. I am wondering what is the best way of saving Ā£15 or is there an other more useful pension schemes? + +&#x200B; + +Thank you so much. +I've been mostly living in around-poverty, sharing a house with a couple other housemates for $600ish mo, trying very hard not to buy good clothes or anything which I don't need and I just found that out. + +What I'd personally like is to improve at least some of my living/eating standards, but rest, I don't know! I'm kinda scared of having so much money and I don't want to just waste it. +Help? + +Edit : I do not have a job, atm, just around $4000 saved from previous jobs/other things. +Don't know if this is strictly ukpf, please point me to a better sub if not. + +I originally setup an Ltd for a side project I was working on. I have a different business idea which I'd like to work on, and I also want to start tutoring. Is it fine to house all 3 of these income streams under the one company? + +Cheers +Hi, + +Basically, I want to ask whether or not it's worth taking out a student loan in Scotland. It'll be my first year coming up next month. I will be turning 18 very soon, and have worked pretty much since I turned 16, and have a fair amount saved up in the bank account. + +Would it be worth taking out the loan, simply to save up and use once I am finished University? I plan to move to another country once I have finished most likely, so not sure I can use LISA. + +On mobile so apologies for formatting + +I currently owe a total of Ā£25,000 across various cards and a loan. This is all high interest (18% - 37%% on the cards, with the highest being Ā£6k at 37% and Ā£5k on very BNPL at Ā£55%). The loan is another 3 years at 15%, currently about Ā£3800 left to pay. + +Income is Ā£2300 after tax, and currently in a fortunate position of living with parents so low rent/domestic bills - moved back in a few weeks ago after this all hit me. breakdown of expenses below: + + +-Rent/utilities: Ā£350pm +-Food: Ā£200 +-Travel: Ā£150 (travel card, 1-2 living, south London commuting to kings cross) +-Subscriptions: Ā£60 (looking at reducing, aiming for Ā£25 - music, Disney+ and prime which family use also) +-Ā£120 Phone bill (iPhone and an iPad on hereā€¦) +-Ā£300 or so sent as ā€œchild supportā€ - havenā€™t split up with partner but currently not able to afford to live together due to my financial situation. Still help out with giving/lending money occasionally on top of this. +-Loan payment: Ā£145 + + +Iā€™m sure the information above is enough to tell anybody that looks at it that Iā€™m an idiot. Years of mistakes, spending now worrying later, the usual crap. Thankfully, Iā€™ve been realising over the last month or so that this isnā€™t sustainable - it was my mothers birthday in October and i didnā€™t even have the money to get her some flowers. Sat down, pulled a spreadsheet of all the balances, interest rates, minimums, etc. and saw a single Ā£150 interest charge from one card and couldnā€™t believe Iā€™d let it get this bad. + + +After a brief spell of feeling sorry for myself, I figured the only way to solve this is to tackle it head on. Iā€™ve had every credit card replaced as lost and cut up when the new one was delivered. Iā€™ve opened a new current account for my monthly ā€œspendingā€ money (groceries mainly) so itā€™s separated from bills and temptation to spend. I did consider calling lenders to see about reduced interest but given my current living situation I doubt there would be much they can do as itā€™s technically still affordable. A rough month by month budget in excel shows that with Ā£1200 or so spare a month, it can be paid off by mid next year. + + +My main question here I guess is around a couple of high value items and whether they should be sold. + +One is an iPhone 13 Pro - I paid Ā£1200 for it and can sell it for Ā£900. Iā€™d then need a phone, and would consider a cheap option on an upgrade - iPhone 12 mini for Ā£35a month (the phone part of my contract is is currently Ā£40, so reducing that by Ā£5 instead of Ā£15 now the contract has ended in exchange for Ā£900 to throw at a card). To me it make sense to do this but feels wrong to be looking at taking another (albeit cheap) contract out when trying to pay this all off, but also feels wrong to keep a Ā£1k phone while the resale value is so high due to supply issues buying new. + +The other is an iPad Pro - currently worth about Ā£700, but is my only computer other than mobile (no laptop or desktops) and ideally Iā€™d need something, both to keep track of this mess but also for the usual use, photography editing as a hobby, entertainment, etc. + + +Any other comments or advice is massively appreciated. For all the bluster above, this whole situation has me feeling sick and scared that I ignored it for so long. Hoping I can stick to this - the end goal is being debt free so I can find a place to rent and finally build a small family so the motivation is there. +I'll Provide the Analysis, You Provide the Tickers +I'll do the most requested tickers on the thread and create a quick video that covers each ticker in 5min segments. + + +Feel free to drop your tickers below :) +(No OTC/Crypto/ETF please) +I'm purchasing a property. I am using the firm Slater & Gordon. The solicitor I have been assigned has been working towards the completion date we agreed. We have now reached the point where we can exchange contracts (completion will be done a few days later). + +I have now been asked to transfer the outstanding money via bank transfer. The figure is around Ā£25k. + +The bank details have been sent on an Excel document with a breakdown of the costs. + +Is this a normal practice? How do I know I'm not about to fall victim to some long con? Is there any way to protect myself in the event this is a scam? + +Is PayPal a more secure route? I bank with Starling, for whatever that's worth. + +Basically, I just want to know that my money is safe and definitely not going where it shouldn't be. +Could someone please give me some pointers on calculating WFH expenses? People always say the shortcut method is a rip off so I want to have a crack at working out which is better this year. + +I had a look at the ATO calculator but itā€™s not overly helpful. For electricity do I do my total bill and work out the cost per hours worked from home or is it more complex than that? Do I need to work out the draw of each appliance in my office? +I really don't know how to explain this , but I'll try my best + +I'm pretty new to the whole forex industry +(about a year now , slowly learning since corona and been scammed alot win this period ) + + +I keep seeing online or signal services that "BANKS HAVE ORDERS TO BE FILLED HERE" or "BANKS HAVE BUY LIMITS HERE " + +How does one know where the banks are buying or selling šŸ¤·šŸ½ā€ā™‚ļø + +From A course I've recently taken (ASTROFX , haven't finished it yet though ) I've learnt that we as small trader don't move the market the big guys (BANKS) Does + +So can anyone explain šŸ¤·šŸ½ā€ā™‚ļø +I have read and watched many blog/youtube posts on lot sizes, leverage and risk management. And a general consensus is that nearly all of these traders/investors say to not risk more than 1-3% per trade. + +My question is, what is the point of brokers who offer huge leverage (up to 1000/1) if all these so called ā€œproā€ forex day traders only risk 1-3%? I can almost consistently make 10-12 pips a day (scalping or catching small hourly swings) and in theory shouldn't one leverage the shit out of your account and risk 10% or more if you are consistent? + +Perhaps a 3-5k trading account is simply not large enough for supplemental income from my 50/hrs week day job. When you factor in federal income tax and brokerage commissions, a few hundred dollars a week does not go very far. + +I hope this does not sound like a rant, please let me know your thoughts as I am exploring some outside the box leverage thinking. +Seeing how the markets open with gaps some days or weeks, some people must be trading. With Forex the market is closed for the weekend, so who is trading? In stocks gaps are even more of a nuisance as there is after hours trading on weekdays, somehow. + +why is this even allowed, this is so unfair. Why close the market, then allow some people to trade....šŸ˜¤. + +Anyway, anyone know how to get access markets when closed, even if one has to pay for it. +Anything I should be looking into before I get started? Iā€™ve got a bunch of time before I can get going, Iā€™ve already read a little bit about the basics on this one website, anything specific I need to start developing an understanding for?! +I been studying for about a year now and i'm not at the point where I feel like I can make money in the market. I just came to the realization that I wont learn how to become consistently profitable watching only Youtube videos and reading books. + +Im not saying those are useless, but to me it will only take me so far, and I feel i'm at that point at least with the Youtube videos for sure. +I've been kind of following forex for a while, but haven't really started getting into it. Even so, I'm very interested to figure out what happened with all these brokers. +https://youtu.be/L7G0OfJUON8 + + +Do you agree with his oppinion that pretty much almost 95% of forex education is scam? That every educator (for instance on Udemy or Youtube) works for specific broker? That daytrading is not profitable? Etc. Etc. + +P.S. +His company provides forex education for 3,000 eur per year. As this is insane amount of money, do you think it is worth it? +I started crypto in February when NFTs were a big thing. Then I learned about crypto and decided to try it but heard negative stuff about leverage ext ext. I started crypto around 8 months ago and traded using one of the VIP discord servers. I decided to switch to forex 2 months ago and stopped in December. I'm not sure why I want to become a profitable consistent trader in the future but I'm not sure what to do now. I was going to trade off trendlines and support and resist but whenever I look at the market I can't seem to find anything it looks like the market just had an earthquake. I'm not really sure where to start anymore. + +&#x200B; + +Could anyone help me in any way with what I should do as there isn't much reliable content anywhere anymore? + +I'm looking for a strategy or a few that would work in any market. Any tips would be highly appreciated. + +Some of my questions: + +&#x200B; + +What leverage should I use? + +What % of the portfolio should I use personal and prop firm-wise? + +Region times, should I only trade the NY session when it's the new york session? + +&#x200B; + +Any help is appreciated thankyou. +We can see them in any chart we open, at any time and any timeframe. But especially in higher timeframes. Both bullish and bearish. Is there an explanation for this? And, is there any way of trading them? They look really profitable. + +Random examples: +https://imgur.com/a/aeeUn +Do you guys utilize a high win-rate strategy or a lower win-rate strategy, what percent of trades are winners and what is the minimum reward:risk ratio you look for on a trade? And about how many set-ups do you guys expect to find in a week? + +For those of you who are new, demo-trading, or don't yet have a live track record, what sort of win-rate have you been achieving or are attempting to achieve in your demo-trading? And what is the minimum reward:risk ratio you guys look for in your set-ups? + +Appreciate the answers, cheers. +Lets pretend I'm given $100,000 in capital to trade. + +I earn $10k in profit. + +I take 70% of that so $7k + +This leaves the firm with $3k profit or 3% ROI. + +This is worse than if the prop firm just left their $100k in S&P500 ETF and walking away. + +Only way I can justify this profit sharing level is that you must make 20%+ per year at a prop firm to be successful? + +Can someone please advise what the reality here is. Thank you +Man I had so much confluence telling me the dollar was finally going to weaken, but nope, shot up. Is there any reliable way of being able to tell the forecast of the strength of a currency? Iā€™m curious as to how people implement this in their trading +Hey guys, I'll be doing Forex trading as my SP for highschool and wondering if you guys have any big tips or anything to help me out? I started with a $300 dollar account in Oct. and am down $60 so far. My goal for the SP is to reach $345 dollars within the next 4 months; do you guys think this is a realistic goal to reach? Also, how do you guys trade in the west coast? I'm struggling to trade with school and the times that the markets open. +Iā€™ve been going over my journal and backtesting & I realized that a BIG reason as to why Iā€™m not profitable is because I overtrade throughout the week. That doesnā€™t mean I break my rules tho. I strictly stick to 1-2 trades a day. + +But what I mean is usually at the start of the week, Iā€™m ALWAYS up about 2% (one win since I aim for 1:2 RR with 1% risk) and throughout the week my PnL will go negative because my trading gets sloppy and I start making dumb mistakes. + +So hereā€™s my question - should I immediately stop trading for the week after Iā€™ve hit around 2% and just pack it up, or should I just keep normally trading with no weekly % goal? + +Pros - Iā€™ll literally always end the week in profit which will boost and help my psychology ALOT since Iā€™ll have that winning mindset + +Cons - Iā€™ll miss out on profits since Iā€™m limiting myself to only around 2-3% gain a week but I could realistically make more but thatā€™ll cost me negative weeks. + + +(Mind you Iā€™m a 18 year old breakeven trader. Iā€™ve been on my same live account for 5 months and Iā€™m up 1%. I swear to god Iā€™m literally the definition of a breakeven trader. Meaning itā€™s time to switch something up.) +So I know everyone has red days, red weeks and sometimes even red months, but iā€™m back testing variations of a strategy and for 2018 it would have returned roughly -10%. Should I just scrap this one, or would you keep testing other years to see if 2018 was an outlier? Thanks +Hello. I am new to trading and I am trying out various methods of trading. Most recent one is trading trends in high time frame such as W and D. +Is anyone here trading like this? +If yea, how many trades do you enter per month, and how long do you hold these trades? +Thank you for your replys. +Any other traders who have been diagnosed with ADHD? Impulse control and discipline are difficult enough without this curse. Besides the typical solutions, what have you found to help? Any unconventional solutions? Even those that may be frowned upon by polite society? + +It's a dilemma that we are drawn to this because we are typically risk-seeking, but especially ill equipped to handle that risk. +Hi guys, Just gonna keep it simple, straight-forward and clear on my thoughts about stop hunting- feel free to comment contradicting opinions below. + +There seems to be alot of subjectivity around stop hunting. Books will tell you stop hunting is real and there are books that will tell you stop hunting is a myth. + +IMO stop hunting was real, but it was only during the bucket shop ages, when things weren't regulated, and things were paid under / over the table. To this day, there aren't any b ucket shops. I mean there are OTC stocks, but we all know to stay away from OTC stocks, where theres little to no regulation for scams. Now lets just talk about forex markets. 10% of the market make up of retail traders, 5% of that 10 % will be traded on the Euro Dollar. The rest of the 5% will be spread out amongst the 30 pairs also you gotta keep in mind of sessions, asian session, london session, NY session. Spread out amognst all those pairs, retail money have little to now influence of markets at all. The banks have to be worried about other banks, not about retail traders. Retail traders are like a gnat on an elephants butt. It doesn't do anything, banks would have to spend a shit ton of resources to stop hunt retail traders, that don't even have a fraction of what other banks have so even then it's not even worth it for banks to stop hunt retail traders.. So this being said, banks have to worry about other banks, they play against other banks not against the retail trader, they can give a shit less about where you put your money to. Hope this helped. Hope this helped with the paranoia that the markets are against you. Feel free to post contradicting opinions I'd love to have a discussion otherwise. :) + + +He has no training, either Technical or Fundamental. He's scalping for a few pips (2-5) at a time, around 30-100 trades a day, with minimal volume ( 0.10 for this broker). + +>50 trades daily, in 2-3 hours +>EURUSD only, 0.5 spread and 0.40 commision +>2-3 Euros profits +>NO STOP LOSS +>first account started with 1 grand, took it to 7 grand in three months (started messing around at this point as he trains to start with a 1 grand account) +>second account played it more safe, made 50% in a month and a bit + +When he started trading I told him he should really learn some stuff first, seems like I was wrong. Seems like 3 pips is such a small move, that it's almost impossible not to get touched . + +I suppose that means there's like a 99% success rate and a 1:100 Profit:Loss, and It seems that the profit is huge. + +Anyone else did or done or know anyone that does this silliness? I know this sounds and IS ridiculous as shit, but when he DOES have a loss, it's big, but the tiny profits added up to way more than the massive loss. +Simply put WTF? + +Yes, I'm bitter, but I still want to take the opportunity to learn something. Despite my aggressive tone, I'm open minded and willing to accept any rational explanation and thus accept defeat on my part. + +Markets around the world are falling, even DOW is down 150 points because of Greece. US data is coming out positive again and again. Yet the only fucker that keeps climbing is EURO. WHY? + +Of all the cluster fuck panic going on around the world, EURO bulls keep walking on roses to the top. If anything in the world should be crashing it's the god damn euro. + +Hello , everyone. who is a IT guy here and a profitable forex trader? Im new to this business. I want to be profitable someday while I keep my job and maybe when I already save some monay. Ill start a IT business. Any tips for a guy like me and share your story about your Forex Trader Journey as an IT? + +&#x200B; + +&#x200B; + +Thank you. +I'm using a daily price action strategy that I've been practicing for the past year on paper. I jumped through the many hoops over the last couple of months to get this live account up and running, and finally was pushed by friends to deposit money in it this Christmas. The phrase "fail faster" really motivated me- if you're afraid of doing something because you might fail, may as well just do it and fail faster, so you can get on to the next challenge that you will be even more prepared for. + +I just closed my first trade today, for a profit of 125 pips on a counter trend trade on the USD/JPY. I'm over the moon that this is finally happening, that I've taken the plunge. + +I'm not associating this win with me being perfect- there WILL be ups and downs to be taken in stride- but at least now I have my boots on the ground, and hit the ground running. + +Cheers, to the long, windy, exhausting, exhilarating road ahead. + + + +I been studying for about a year now and i'm not at the point where I feel like I can make money in the market. I just came to the realization that I wont learn how to become consistently profitable watching only Youtube videos and reading books. + +Im not saying those are useless, but to me it will only take me so far, and I feel i'm at that point at least with the Youtube videos for sure. +Forex traders of reddit I'm asking you to tell me about the average spread you get for EURUSD in London&NY when you are demo trading to pass FTMO, 5ers, Funding Talent, etc. + +( the reason I want EURUSD spread is because we can guess others based on this and the reason I'm asking this question is because my scalping methods won't stand a chance making money with EURUSD spread bigger than 0.9 pips ) +I remember when I was just starting out forex being told not to trade on Fridays. But after doing my analysis and checking the markets on Friday I always feel like i missed out on making winning trades. Is not trading on Fridays as a beginner sound advice? +Time and time again I am astounded at the level of critical peer review here. Headlines that get many of us excited are often disproven, or at least handed a heavy grain of salt in the comment section. While some of that may be mistaken as FUD, oftentimes what I see is generally very solid critique. What this shows me, personally, is that when there is legitimately positive news and substantive quantitative research shared here, WE KNOW that what we see is genuinely a reason to get excited about GME. + +In my few years trading stocks and my decade spent on Reddit, I cannot think of a single other community focused solely on one challenging thing (especially making money investing, double especially for subreddits focused solely on investing in a single security) that goes so far to dispel ā€œgood newsā€ if, upon further, critical inspection, the substance of the news/research actually points to being sweet nothings at best, and misleading or downright false at worst. + +I know thereā€™s a running joke here about how weā€™ve all gotten a ā€œcollege degreeā€ in finance from the University of r/SuperStonk, but as a graduate student with 2 masterā€™s degrees, I seriously want to commend everyone here for upholding a culture of consistency and accuracy over blind faith and hype. The level of peer review truly is top tier as far as internet communities go. + +Our time is coming Apes! Buy and hold fellas, for Valhalla we come! +Article [here](https://www.cp24.com/news/condo-prices-dropped-in-some-toronto-neighbourhoods-new-data-suggests-1.4938799). + +In Toronto, as a whole, the median price for a condo dropped by $65,000 since February, with some neighbourhoods hit especially hard, the data found +https://ca.finance.yahoo.com/news/chorus-acquire-falko-create-premier-023200429.html + +Chorus Aviation Inc. ('Chorus') (TSX: CHR) announced today that it has entered into a sale and purchase agreement (the 'SPA') pursuant to which one or more wholly-owned subsidiaries of Chorus will acquire Falko Regional Aircraft Limited ('Falko'), a leading regional aircraft lessor, together with (i) affiliates of Falko, and (ii) the equity interests in certain entities and aircraft which are ultimately owned by funds managed by Fortress Investment Group LLC ('Fortress') and managed by Falko (or one of its affiliates). The total consideration for the transaction is approximately US$855 million comprised of (a) US$445 million of cash consideration (inclusive of agreed adjustments)2, and (b) approximately US$410 million of existing indebtedness that will remain with the relevant target entities. The transaction includes Falko's asset management platform and Fortress' equity interests in 1263 owned and managed regional aircraft and will create new opportunities for growth and a differentiated business model to maximize returns on aircraft assets. The combined company will have a total of 353 owned, operated, and managed regional aircraft. Upon closing, Chorus anticipates having 32 airline customers in 23 countries. +Obviously nothing is full proof, but thought be worth having a discussion on what stocks, and sectors would be minimally affected by the Corona virus and an economic slowdown? I don't have a ton of cash on hand, but would like to deploy some in the smartest manner possible + +Here are some of my thoughts... + +'Safer' buys: +-Utilities; such as aqn, h, fts, enb. Regardless need hydro/etc even if quarantined and economy is crap. +-Advertisment based tech: Stocks like FB, Google, Twitter, etc. I can't see Corona having any effect on them. Same with an economic slowing, people will still be browsing their social media and Google searching the same. +-Construction companies; such as ARE. Not as confident with this, but we still need roads in either scenario, and during a recession the government could easily dump money into infrastrure projects to try and stimulate the economy. +-Residential REITs: IIP.UN, MRG.UN, etc: Regardless people need somewhere to live. Would stay away from commercial REITs though. + +Neutral buys: +-Telecoms, BCE, T, etc. If we're in quarantine these shouldn't be affected. People need entertainment. But during a recession, people will cut their cell/tv plans; if things get bad. +-Rail; CNR, CP. Still needs things moved but could get hammered in a real recession. + +'Bad' buys: +-Banks; RY, TD, etc. Maybe not bad, and they're going no where but as interest rates fall, I'm sure there profits will follow. +-Oil and Gas; HSE, SU, etc. I did buy some of these early January when things weren't as bad as now. But in a big slow down I could see them getting hammered and even possibly having to cut their dividend (hurting share prices even more). +-Consumer discretionaries and companies reliant on imports/China: Apple, automotive, travel, etc. These are thing that people can live without in a recession, and I think Corona could affect them due to quarantines/slowdown within China. + +Be interested to hear other people's thoughts on this. Whether you think I'm off the mark, or have other companies or sectors they'd recommend to buy or stay away from? +Kinda embarrassed by how little I seem to understand, but here goes... + +BTCC hasn't moved above $10.83 since inception (i.e. 8% up), whereas Bitcoin is up 13% over that same time period. What gives? + +Also, I was looking into moving my BTCC to EBIT, and saw that: + +* EBIT's NAV is $26.40, and it is trading at $28.00. + +* By contrast, BTCC's NAV is $12.08, but it is trading at $10.83. + +What is driving this difference? +What period in history was the most similar to ours? Chronic low (even negative) interest rates, high stocks, and crazy real estate highs? + +And how did that period ended? +I recently exited my company and benefited from a "large" sum of money (>$10M) . + +I've spoken to various Wealth Managers but am strongly inclined to dollar-cost-average into a 80/20 equity/fixed income mix which would be largely Vanguard based ETFs. + +Questions: + +* Would you let Wealth Managers manage this for you? (fees at ~0.5%) +* If not, at what rate would you buy into the market? +* What would you do with the money that isn't in the market? + +I'm in my early forties, no debt, no children and a low personal burn rate. + +....yes, I fully realize these are "champagne problems", but curious what people would do in this scenario. +Saw an article about the hype in the weed industry, but not really comfortable with the volatility. It seems to be a good stock for short term investors when I'm looking at their chart over the last year. +Hey guys, + + +I'm wondering outside of Manulife's dividend. Do you think that with the rising interest rates, coupled with its share buy back. That it will be enough to start pushing the share price up? + + +Just looking at where it stock price was prior to getting hammered in 2008 before interest rates really dived. I know the other issue was its investments in the US. But my understanding is they're better diversified and a safer now. + + +Whats your thoughts on this? +Hey everyone Iā€™ve been investing a large amount of my portfolio into H&R Reit. I still cannot figure out why the stock price is so beat up when they have collected 88% of rents in july, lowered their distribution, and have more then enough cash on hand to survive. Does anyone wanna share their opinion? I personally think this stock is a steal and a easy double up on money in the next two-three years when factoring in stock appreciation and dividends. + +https://www.newswire.ca/news-releases/h-amp-r-provides-business-update-announces-senior-executive-appointments-amp-retirement-862149765.html +ā€¢Shows rent collections. +ā€¢The stock is trading around $10 and is down about 54% ytd. +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. + +A speech by Trade Spotting on GME šŸ‘‡ + +[https://www.youtube.com/watch?v=uhIcbx-VmDM&t=1s](https://www.youtube.com/watch?v=uhIcbx-VmDM&t=1s) + +&#x200B; + +**Dialogue Script, for those of you who hate videos:** + +I was watching that congressional hearing (the one from March with DFV). Until that point most of my messaging was delivered in a humorous tone. I never really got that angry. + +It got to the point (at the hearing) where somebody asked Roaring Kitty how many people were in the room with him... and of course he said **he was alone**. + +And then they asked Ken Griffin how many people were in the room with him and he said: "I think 8 or 9". + +And those 8 or 9 people were clearly highly paid lawyers who were making sure he said exactly the right thing at exactly the right time. + +And I got so so angry... that... that imbalance in the markets had made its way to congress and was facing down a guy just like you or me in an incredibly intimidating environment. + +When he (DFV) was to many people an example of how you can change your life and change the world. + +And I felt like... + +**You think your gonna do this? You think your gonna get away with this?** Like no. + +He is not alone. He might be in his room alone. + +**BUT THERE ARE MILLIONS OF US IN ROOMS ALONE ACROSS THE WORLD... MILLIONS OF US.** + +# AND WE ARE COMING FOR YOU. + +\- Trade Spotting +So after losing my mall job that I had for 2 years due to corona virus shutting down everything I was jobless for 6 months and had to sell my car I became broke so fast due to the fact I was getting paid minimum wage and was getting 12 - 20 hours a week so I was living paycheck to pay check basically for 2 years. After the malls had reopened I applied at tillys and on my first day there I was offered my first ever management position and I couldnā€™t be any happier itā€™s the best news Iā€™ve heard in months because i get guaranteed 40 hours and get paid 4 dollars more than what I used to make! It just feels so good to be able to stand on my own two feet again and when people ask I donā€™t have to tell them Iā€™m jobless itā€™s also very relieving knowing I will get a steady income. God has heard my prayers and answered and it couldnā€™t have been at a better time. So donā€™t lose hope guys door will open up for you eventually just gotta work hard and be patient +Ask yourself apes: + +Why is anti-Gensler sentiment getting pushed so hard? + +Huge SEC proposals were just put forth and he did an interview where both Superstonk and DRS.GME were both mentioned. Do you think that happened by accident? Do you really think heā€™s playing dumb OR as some have suggestedā€”gaslighting apes? Really ?!? + +I remember last year when he did a retail PSA wearing a purple suit. šŸ¤” + +Wall Street hates Gensler and wants him out for a reason. + +Remain Vigilant. Stay Positive. + +DRS is the Way! + +And when the time comes, COMMENT; cause Wall Street hates the competition. +I'm debating if I should pay off my mortgage as the rate bumped up another .25% this week. + +When the rate was lower it was easy to ignore but given the rate keeps increasing I'm starting to wonder if it might be better to pay it off. + +My financial advisor will remind me that the average net proceeds of that $500k will be higher than the cost of borrowing however my wife will remind me of the peace of mind achieved by paying it off. + +Any thoughts? + +(I am FIRE, around $140k/year burn rate) +I used to have complex tax with W2 income and rental properties. But now I just have high W2 income (over USD 1mn a year). I can easily file with TurboTax in the new setup. Is there still a reason to hire a CPA? + +Just trying to figure out the value add of CPA. I personally are not against them but I always used software when I made less money and it worked out just fine. +UPDATE: I received a copy of the report from the screening company. I was rejected because the rent used in the check was higher than what I was quoted for (by over $100). That made me (just barely) fail the income-to-rent ratio requirement. Hopefully it will be an easy fix. + +I applied for an apartment (a large, corporate-owned multifamily complex) last week and today received an ā€œadverse action noticeā€ from a third-party screening company stating that my rental application was not accepted due to information found in a ā€œConsumer Report or Investigative Consumer Report prepared by a consumer-reporting agency.ā€ It says that the agency cannot provide me with specific reasons why the application was not accepted. + +I was shocked. I meet the income requirement, earning over 3x the rent in salary. My credit score hovers in the upper 700s/lower 800s, my only debt is my auto loan, Iā€™ve never missed a rent or any other bill payment, Iā€™ve lived at the same apartment for 6 years, Iā€™ve been at my current job for 3 years ā€“ on paper, Iā€™m not sure what else I could do to look like a more perfect tenant. I requested a copy of my credit report and saw no red flags. + +There are still several of the same-size units available at this complex, so I canā€™t imagine that I was beat out by someone else. + +Iā€™ve sent an email to the leasing office but havenā€™t heard back yet. Iā€™m sure they donā€™t owe me reason, but Iā€™m really dumbfounded. Iā€™ve already turned in my 60-day notice at my current apartment (Iā€™m moving within the same city to be closer to work), so I only have until the end of January to find a new place, and this was at the top of my list. The other complex Iā€™m looking at is owned by the same company, and the rent is a little higher there, so I donā€™t want to pay another $500+ in application fees if Iā€™m just going to be rejected there as well. Even the backups Iā€™m looking at fall in the same range, so Iā€™m hesitant to keep paying for applications if Iā€™m going to get turned down again. + +Any advice? I guess I was being too confident and naĆÆve, but I really didnā€™t anticipate this happening. + +EDIT: The application fee itself was $50 and part of the combined $525 ā€œreservationā€ fee, which includes: +- $50 application fee +- $275 administration fee (refundable for 72 hours) +- $200 security deposit (refundable for 72 hours) + +Unfortunately, 72-hour mark has since passed. +Regulation is coming for altcoins. Most of the 17,000 will disappear. This is the s-curve adoption shakeout we as bitcoiners have been warning about for years. SEC Chair Gary Gensler met with the FTC on Wednesday, and again reiterated that bitcoin is NOT a security, but that "*Many, I'd say most of the others are securities*." + +[https://twitter.com/hodlerforlife/status/1527705100059258880?s=20&t=BVRnn-2FkOVJ37GwM7CtAw](https://twitter.com/hodlerforlife/status/1527705100059258880?s=20&t=BVRnn-2FkOVJ37GwM7CtAw) + +Some folks have suggested that getting designated a security won't affect their coin or protocol. They are terribly mistaken. This designation means you have to follow the established legal framework for securities: + +* You can't transfer a security to someone that is not registered to receive securities. If you do, in order to redeem it they must register. Otherwise you can transfer them freely as they are a property, but only to persons or institutions registered. International sales have their own sets of rules. +* You cannot issue coins or tokens. This requires form S-3. +* Insiders/Devs/DAO's cannot sell their securities without a form S-4. More importantly, they can no longer trade on material action before the public knows, which is an enormous problem currently, especially amongst exchanges. This is a crime if you are trading securities. + +And so on. There is no effort to rewrite American securities laws to accommodate the unique properties of crypto, which instead will meet the burden by complying with the rigor and legal framework everything else does. + +https://preview.redd.it/jvu60wzyct091.jpg?width=1074&format=pjpg&auto=webp&s=1e38929d5113fe526747b1a7c054527a3c402d0f + +The coins-tokens-protocols that get designated securities don't have to comply of course. If they don't want to change their protocol, register their brass, and create a hierarchical chain of command for reporting, then: + +* They'll be delisted by every centralized exchange within 90 days +* All their wallets/apps will be deleted from Apple and Google Play +* No taxpaying company will accept them as payment +* Promoting the ticker or coin in any way will be a crime +* All major stablecoins will cease to operate within their protocols--and this might be the most insurmountable obstacle, because 85% of ALL altcoin volume is from stablecoins. That means nothing inside an alt protocol has established itself as money--except for stablecoins + +&#x200B; + +[Web3](https://preview.redd.it/36jdgpibdt091.jpg?width=1125&format=pjpg&auto=webp&s=3b3b04861391c022dd8c7af932637cbdd4d7d8ea) + +If these projects were decentralized and impairment resistant to begin with, none of this would be happening. They just couldn't avoid those pre-mines for money though. Their founders loved the spotlight too. If they at least had fixed issuance, they could mitigate some of their problems. But besides BTC, few projects come to mind that can circumvent all these travails; the leading privacy coin certainly can; but even the coin beginning with *Lite* and the one represented by a dog symbol could be in danger of getting this black securities label. If delisted, the only real way to acquire these zombified things would be to take something that isn't a security (like BTC), transfer it to a DEX, then swap into it. Point is, getting designated a security is effectively a date with gravity from the 50th floor, because you are now in the sandbox with the same rules real public companies, real bonds, and real products must adhere to. Can your vaporware compete? Because if you're not money, what are you exactly? Nothing. You're an orgy of swaps, wraps, burns, mints, and stakes run by centralized dapps that do nothing but optimize token interactions to keep the orgy going. Here's a better way to say this: If your dapp is a centralized registered security with full KYC, why does it need a blockchain exactly? To shill its speculative token. There's no real business or service there. + +Exchanges don't have profitable business models without a robust (expletive)coin market. Bitcoin isn't something they can control and the open source tech around it is a race to zero. Add in the fact that BTC has established itself as money, and you'll see a nascent circular economy already growing around BTC. When it gets big enough (goods services sold in BTC), then exchanges are really no longer necessary. So maybe they'll spin-off the bitcoin business, miners might acquire them, exchanges might consolidate, who knows. I do know the days of easy money are gone. + +&#x200B; + +https://preview.redd.it/ycsy7yblct091.jpg?width=1884&format=pjpg&auto=webp&s=6a30d46068016095e2677e693d4243158fd43a88 + +I think Gary Gensler is a bit naive on what these security designations will do to these protocols that heretofore have been hiding behind the word *decentralization* and acting like they're going to do something of value someday. He also doesn't understand fully what impact it will have on exchanges either. Bitcoiners are smiling of course, because two birds are getting hit with one stone. Centralized bitcoin-only exchanges (and apps) like Block's CashApp, Strike, Swan, etcetera won't be burdened with any of this extra paperwork, insurance costs, lawsuits, lawyers, or blockchain forensic add-ons. + +My dark maximalism really starts sweating through my shirt thinking about the bloody mess of red ink we'll be mopping up though. + +&#x200B; + +https://preview.redd.it/bqs5urelet091.jpg?width=311&format=pjpg&auto=webp&s=669278e4ef4aaaf8d40995792a3cf227efa66d14 +Time for the Share Dividend, plenty of Revenue and the final dance. The exit of the stock exchange for GameStopā€¦ + +Firstly, I think we are going to see the Marketplace launch with big brands like Nike, Apple, etc being sold by GameStop. + +It will be the go to place for all online shoppingā€¦ goodbye Amazon. + +People will be able to access the marketplace either through the website or by VR. + +GameStop will earn revenue for every purchase, and IMPORTANTLY (Amazon is really bad) GameStop will be able to deliver with excellent customer service out of those those MASSIVE distribution centres that they acquired last year. + +GMERICA will acquire Loopring. Together they will launch a Loopring backed DEX to replace the stock market.. It will run completely on blockchain with Loopring already having the patent for this, it feels a no brainer. A lot of companies will start removing shares from the stock exchange, moving to a cheaper and safer market for their shares and companies (thinking BBBY and other shorted stocks in particular - but also thinking Apple seeing as RC has such a massive holding). + +GameStop earns revenue from trades, backing the exchange inferring from RC last tweet. + +MOASS Tomorrow, but if not then, maybe the day after. + +Stay zen. + +Edit - GameStop stores will be split into ā€œgaming sectionā€ , ā€œdistribution sectionā€ & ā€œBank sectionā€. + +Gaming section - you can play latest games, VR etc. Competitions between GameStop stores for games like NFL, FIFA etc., merging with Super League Sports or something and following that format. Could be ā€˜leaguesā€™ for competition between ā€˜individual eventsā€™ and ā€˜team eventsā€™ at different GameStop stores or between them. + +Distribution section - collect pre ordered stuff or use VR pick what you want. + +Banking Sector - Iā€™ve seen Be Your Own Bank enough times. GMERICA bank (didnā€™t that trademark look a little financial to you?). Backed by a stable coin pegged to gold/USD/etc for example to bank with GameStop. + +*Christ we are taking over the world and Iā€™m all for that change* + +Edit 2 - even if no other companies join the exchange: +It would be a single, secure, safe exchange for GameStop. Iā€™d still invest in my favourite stock, whatever exchange itā€™s on. But that one, sounds a lot better. + +Edit 3 - revenue. then split. then withdrawal. In that order. + +Edit 4 - Community. Bank. Stock Exchange. Supplies. WORLD DOMINATION. + +Edit 5 - still not buying GMERICA is for clothes / collectibles. The trademark looks financial. Absolutely nothing like you would expect a company for collectibles for games and clothes! +My employer only offers two days of paternity leave on full pay, although up to two weeks' paternity leave can be taken at statutory pay. + +What's the general view on this, as it feels stingy to me? + +If there's any data, information or reports out there that I can use to convince them it should be two weeks fully paid leave then that would be helpful too? + +Thank you! +**YNS** = year's net salary at the time + +- + +A bit of background: I'm 43 years old, and I'm a saver. I recognize I've always been too risk averse. + +I started working and investing in 2000. Mostly I bought fixed income products (**1 YNS**). I also bought a few blue chips (**1/3 of 1 YNS**). I didn't know what I was doing. + +Got more serious near the bottom of the GFC when everything was on sale, and threw in some cash (**1 YNS**) into a 'balanced' fund from my bank (no, I didn't know what MER was at the time) over a few months, coming in fairly close to the bottom. Around this time I also started learning about the FIRE concept. + +Life got busy (spouse, kids, house) and I didn't do much for years except save cash. Sold a house, bought a house. Saved more. Did I mention I'm a saver? + +In 2015 I bought some more fixed income funds (**2 YNS**). + +From 2016 to 2018 I added another year's net salary in the same balanced fund as in 2008/09 and opened another global fund and tech fund (about **2 YNS**). I also saved cash. + +- + +I was reading more about investing. My balanced fund had basically doubled from 2009 (more with drips and dividends). But the more I read, the dumber I felt. 10 years wasted investing in bonds and a low-risk fund from my bank. I could have made (at least) double the profit had I invested in a real index fund. By some measures, I could have retired at that point had I invested more intelligently! + +So in my genius, in 2019 I concluded that things were overvalued in the markets. I made the decision to sell and wait for the crash, which surely should be coming. Right? I mean, it's not like common knowledge tells us not to try timing the market right? But hey, I had done it once. I could do it again. I had so much cash, that investing into 2019 seemed insane, when the crash was surely just around the corner... This time I would do it right. Buy index low-cost index funds. Get my 8% per year. Retire in 3 years according to my calculations. + +So I sold nearly everything I had. In fairness, I timed it pretty well. I sold at two local peaks (Easter and start of July). And the market kept climbing. I put all the cash into a bond ladder spaced one month apart with about **1 YNS** in each lot. By the end of 2019, my wife and I were sitting on about **11 YNS** of cash/bonds. + +- + +Then Corona happened. VIX to the moon! Suddenly it didn't seem so stupid after all. I could see that my bank's balanced fund had dropped to below where I sold in 2019. Same with the global fund and tech fund. Finally! A chance to get back into the market, but do it right this time! + +I put in my buy orders at the equivalent of SPY 210, 200, 190 and 180 with **1 YNS**, **1 YNS**, **2 YNS** and **3 YNS**. The plan after that was DCA, whether the market kept dropping or climbed from there. If we didn't reach 180 (for example), I'd DCA either way. It was all going to work out. The market would recover bigly and we'd retire as soon as we hit our number. + +Except I missed it. We hit SPY 218 and started climbing. I bought nothing. Why didn't I buy at 220? Well because I had a plan (and in fairness, we got close). Why not at SPY 230 then? Well because this was *obviously* a dead cat bounce. We'd retest the lows tomorrow. Or next week. Why not at 240 or 250 or 260? Same logic. What kind of moron would buy into a dead cat bounce? Surely we'd start dropping the next day or the next. Most of the TA guys were saying it. Big media was saying it. Unemployment exploding. Oil to zero. Most importantly, I felt it in my gut. It had to be true. + +And today we're at SPY 280 and I'm still in cash. + +I'm watching daily moves on huge companies like Google and Amazon of 2% - 4% each day, and thinking that if I just timed a few of those, if I just knew what I was doing, with the cash I have, I could be making more than my salary. But instead I'm paralyzed because I just don't know enough to get in. I have no idea if Google will go up or down today. I mean, nobody *knows*, but some people seem pretty damn good at guessing. The TA guys I'm following have gained over 1000% since Jan. Holy balls! I'm not even that greedy. 100% would be fine for me... + +- + +So what now? Well, I'm sad and frustrated and don't know what to do. I have nobody in the real world to talk to about this as my wife isn't interested in investing and I keep FIRE private from friends/family. I feel I missed it. DCA in and sleep better at night? Probably the best plan... but I still see this as a once in a lifetime opportunity to invest more actively than DCA each paycheck. Nobody can predict the exact bottom, but if we can get close as I had planned, that would be amazing. In 30 years, this might look like a blip, but if I can buy 100 shares of Google instead of 75 with the same cash, that's pretty good. And what if some of the experts talking about an ETF bubble are right? And what about those speaking about how we can expect lower returns from equities in the coming decade? Arrrrgh!! + +- + +Thank you for reading. + +/rant +Oil slips as trade war worries outweigh Iran sanctions - https://www.cnbc.com/2018/08/31/oil-prices-dip-on-concerns-sino-us-trade-conflict-could-escalate.html + + +Here is a summary of my current positioning and trades. + +Closed Positions Thursday + +1. Sold VIX Calls +September-19th-12 Strike +Bought at 2.80 & 2.15 +Sold at 2.65 +(7.82% Gain) + +Opened Positions Thursday + +1. Bought More GDX Calls +September-21st-20 Strike +Bought at .11 + +Current Short Term Outlook: + +1. Bullish Gold Miners +2. Bearish Oil & Gas Co's + +Current Open Positions: + +1. Long GDX Calls Sept-21st-20 Strike +(.53 Average Cost Basis) + +2. Long XOP Puts Sept-21st-42 Strike +(Cost 1.16) + +13.38% Average Gain per Trade in August + +15 Closed Trades in August +200.81% on all Closed Trades +There are a bunch of cognitive biases worth knowing about for investing. Here are two Iā€™ve seen a lot of recently: + +1) **Anchoring and adjusting:** Do you think the number of countries in Africa is greater or less than 30? Ok, next question: without googling, exactly how many do you think there are? + +Hereā€™s a trick: if I had instead said, ā€œDo you think the number is greater or less than 70,ā€ and then asked you to make a guess, you would have made a higher guess. Thatā€™s because we ā€œ[anchor](https://www.lesswrong.com/posts/bMkCEZoBNhgRBtzoj/anchoring-and-adjustment)ā€ on numbers we hear and then try to adjust, but we often adjust insufficiently. So when you anchor on 30, you adjust upwards a bit, maybe to 40. But if you hear 70, you anchor on that and adjust down a bit, maybe to 60. (The answer is 54.) + +How does this impact investing? Let's a stock is trading high, and then drops suddenly. I commonly see comments saying ā€œthis price is a steal, buy the discount.ā€ Maybe, but not necessarily. Just because you're anchored at a high price, it doesnā€™t mean the new one is a steal. Maybe it was in a hype bubble and it's still inflated based on hype. + +Similarly, watch out with price targets. If someone predicts a stock will be $100 eoy, be cautious of thinking ā€œeven if things don't go that well, $80 would still be good.ā€ You might be adjusting insufficiently...do they actually have a good reason for that prediction? Maybe this sounds obvious, but it's really easy for anchors to impact decisions. People will even anchor on totally irrelevant numbers, like seeing a wheel of fortune device pointing to the number "70" before being asked about the number of countries in Africa. + +2) **Pattern-detection:** Humans are notorious for [seeing cause and effect in random noise](https://www.amazon.com/How-Know-What-Isnt-Fallibility/dp/0029117062). When there is short-term stock movement, people invoke all kinds of explanations ("markets went down because investors were worried about \_\_\_\_") and sometimes make decisions based on them. But often, this will be explaining noise. + +Relatedly: Because weā€™re bad at perceiving noise and emergent patterns, we often mis-perceive intentional agents to make sense of the world, believing that we are seeing the outcomes of someone's deliberate actions. I've seen a LOT of this recently--claims that a stock is being manipulated when the price goes down. There are patterns that just emerge in the market from lots of people making decisions at the same time. Things happen. Inferring intentions where there are none can give rise to [conspiracy theory](https://journals.sagepub.com/doi/pdf/10.1177/1745691618774270) thinking, and thinking about stocks in terms of intentions more than assets can [promote bubbles.](https://www.sciencedirect.com/science/article/pii/S0896627313005680) + + +NOT MY DD u/aguacatesoup is the one who posted it but I need to share this since nobody else is... + + + +Hey all, I've been doing research on this stock all weekend since I'm considering investing. I've seen multiple posts about it and have read them all, but I haven't seen anyone mention some very odd (potentially bullish) things about this stock. I am not a financial advisor. + +I will link all the sources to my information down below. + +This stock is pretty volatile and has been jumping all over the place for years. It reached a high of $30.46 back in 2014 and currently it is at $5.27, with a 52-week high of $7.40 +The reasonable explanation for this stock's volatility is because it's a biotech company still in the clinical trial phase. What really interests me though is that 6+ years later after that initial high, it appears to be on the uptrend again. They are in Phase 2 expansion for X-Linked Retinitis Pigmentosa, in Phase 1/2 for Achromatopsia and Bionic Sight. + +What really REALLY interests me are these 4 facts I will lay out below +* 1. In July of 2020, Roth Capitol analyst Dr. Zegbeh Jallah speculated that AGTC could attract interest of a Sanofi buyout. +* 2. On February 1st, 2021 that same analyst updated the price estimate from $30 to $35 +* 3. On February 2nd, 2021 users on StockTwits were up in arms about AGTC's stock stubbornly remaining at $4.05 even though there was a HUGE increase in volume. It later comes to light that big whales Blackrock Inc. & Empery Investments both made large purchases of AGTC's stock on that day, which explains why the stock remained at $4.05 (market manipulation?) +Blackrock made a purchase of 1,732,067 shares, Empery made a purchase of 3,932,584. +* 4. AGTC is releasing their Earnings Report on 2/11, and are also hosting a conference before the market opens on Thursday. + +**Analysis of these 4 facts:** +First off, let's take a look at the analyst at Roth Capitol. +> "Zegbeh Jallah, Ph.D. is a Managing Director, Senior Research Analyst in the Biotech sector. Prior to joining ROTH, she was a Senior Biopharma Research Strategist at Piper Jaffray, where she worked in close partnership with the Biopharma Sector Analysts to author and develop thematic Biotechnology research with unique insights. Ms. Jallahā€™s universe includes mid-cap biotech companies developing technologies for ophthalmology, auto-immune, and oncology indications. She holds a Ph.D in Biomedical Engineering from the University of Pittsburgh, and is a trained scientist with over 10 years of scientific research experience." + +Based on her credentials, I'm inclined to believe she has valuable insight into this field of Biotech that we, the retail investors, do not. In September 2020, she raised the price estimate from $25 to $26. In November of 2020, she raised it again from $26 to $30. Then finally on February 1st, she raised it to $35. What could cause her to raise the price estimate 3x in 6 months? To me, this is indicative of promising findings from AGTC's clinical trials. There hasn't been any information from her about Sanofi interest since July of 2020. Obviously a company buyout, if it were happening in this case, would take time to get everything in order. For her to raise the price point yet again at the beginning of Feb and then the very next day Blackrock and Empery make those purchases...hmm.. + +Next, we have the large institutional share purchase on February 2nd, 2020. This to me is the most baffling. Why would they keep the price at exactly $4.05 while they purchased their shares? Why not lower? Why are they purchasing before the release of the Earnings Report? The exchange of shares at this price is very odd indeed. Almost like it was agreed upon beforehand. + +Finally, we have their conference & Earnings Report release on February 11th. This is typical of AGTC to hold a conference in conjuction with the release of the ER. Historically, the share price drops $1-2 after the release of the ER, as they are usually negative being that this company is still in R&D. Given that, I would normally wait for the conference before deciding to invest. But something seems up here. Does anyone else have some insight on what could be going on? Why are these institutions buying in before the ER? + +**Conclusion:** +I have no fucking clue what is going on. But if a more seasoned investor out there has suspicions on what could be going down here, your input would be greatly appreciated. This stock seems like a great long term investment, no doubt about that. I guess the question is when to get in. Thoughts? + + +**Sources:** +(XLRP Clinical Trials) +https://clinicaltrials.gov/ct2/show/NCT03116113?cond=xlrp&cntry=US&state=US%3AFL&draw=2&rank=1 + +(AGTC Pipeline Programs) +https://agtc.com/programs/ + +(AGTC May Attract Sanofi Interest) +https://thefly.com/landingPageNews.php?id=3119774&headline=AGTC;SNY-Applied-Genetic-may-attract-Sanofi-takeover-interest-says-Roth-Capital + +(AGTC Price Target raised to $35) +https://thefly.com/landingPageNews.php?id=3237987&headline=AGTC-Applied-Genetic-price-target-raised-to--from--at-Roth-Capital + +(Statement of acquisition of beneficial ownership by individuals, Blackrock Inc) +https://sec.report/Document/0000834237-21-007084/ + +(Statement of acquisition of beneficial ownership by individuals, Empery Asset Management) +https://sec.report/Document/0000902664-21-000757/ +I am a 100% disabled veteran, which means I can work but I also make 3400 a month with health benefits for the rest of my life. The only debt I have is $18000 in a car lease. I want to buy a multi family home here in Southern California. Live in one. Rent out the others but iā€™m afraid. I really donā€™t know what iā€™m doing. I also like the idea of buying fixer uppers and well.. fixing them up for resale. Some people tell me you can buy a property, refinance it and use that cash to buy more property +Iā€™m on the downhill slide on my landlord journey and was talking to my realtor friend who suggested doing seller financing on some of my paid off rentals. +These are single family near Cincinnati and currently worth 150-250k. All currently rented with average rent $1200. +So does anyone still do the 1% rule or is that old news due to inflated RE? What is acceptable interest rate and down payment if I agree to carry a note? +Any and all input is appreciated. +The price you pay will be whatever you negotiate with the seller, the agent fees come out of the sellers take right? Is there any point to trying to negotiate agent fees? +I have recently been introduced to the infinite banking method of investing in real estate. From what I understand its essentially taking out a whole life insurance policy and then using the Insurance policy as a vehicle fund real estate purchases. + +Does anyone have experience with this? Is it a legitimate strategy? And if it is really such a good strategy why isn't everyone doing it? +Not sure if this is the right sub. But the fed has said interest rates will remain near zero until 2022. The government is also injecting trillions into the economy, buying corporate debts which will never be paid off. + +The fed took a similar stance during the Great Recession but nowhere near the amount being done today. How long did it take for rent prices to feel that inflation last time? Inflation doesn't happen over night, but in the next 5 years or so do you expect to see rent prices to take an effect and jump? +https://www-marketwatch-com.cdn.ampproject.org/v/s/www.marketwatch.com/amp/story/guid/2C727E82-A639-11E8-9E0C-96CEE1035205?amp_js_v=a2&amp_gsa=1#amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Ffannie-freddie-will-stop-backing-single-family-rentals-2018-08-22 +It alway confused how fast one should move when getting into this. I see some people saying that they only make their moves once the rent on existing properties become passive income, and then thereā€™s some people who are doing everything they can, and accumulating as much debt as humanly possible to get their net worth up. + +Out of curiosity Iā€™m more focused on what a smarter path would be to take when getting into this. I obviously want to own enough properties that I can quit my job, and focus on BRRRRing, wholesaling, and flipping as my main form of income and become a real estate professional by definition. But Iā€™m not entirely sure if moving fast early, and accumulating debt quickly is the standard practice thatā€™s accepted in REI +Situation: ~~apt building~~ triplex in Chicago, all units occupied, but was in the process of evicting two units (non-payment of rent) when Cook County put a stop to all evictions. All well and good - I don't want to kick anyone out in the midst of a pandemic, I can handle mortgage / taxes until this settles. #StayHome + +However. + +One (or more) of the units has been flushing underwear, wipes, and condoms down the toilet. I wish I knew why, can't tell which unit is doing it. Caused sewer to backup into the basement ... twice. 5 figures in damage so far, and no end in sight. Plumber is recommending rodding the line every week to prevent more floods. PM hasn't been able to contact tenants, eviction lawyer is telling me to file a police report and maybe get the cops to knock on doors and scare people (if we can get them to come out to the building). I can handle paying the mortgage with no rent for a while ... but $3-4K in add'l plumbing expenses ea month for the foreseeable future are not an option. + +What do you guys think? I've seen some crap before but this really takes the cake. All ideas welcome. + +\*\*\* + +UPDATE: Plan of action. + +1. Plumber is going to put a camera down the sewer line to see what things look like. Old building, could be that replacing the pipes (rusted, crusty, roots growing in) with nice smooth PVC will prevent future blockages even if they keep flushing stuff. New sewer line = cheaper than continuing to rod the line (and maybe flood again). +2. Lawyer is drawing up an official letter warning tenants to stop, that damages are being added to their outstanding balance, and police have been notified. However, if they can move out within 2 weeks with no further damages, we'll forgive all money owed. PM is going to call / knock on doors to get the message delivered. + +If folks are interested, I'll follow up again. Thanks all for being a good brainstorming space / sounding board. +I'm currently a senior in college, and when I graduate I plan on buying my first house. Ill be graduating in 2020 (it's a 5 year engineering program). + +Real estate investing is something I've been researching for a few years and plan on doing it to get ahead of the game as soon as I can. + +Keep in mind that I'll be graduating with about 80k in student loans. + +If i were to find a duplex somewhere around $200k range (south east michigan) I plan on purchasing that, and renting out one unit that pays the mortgage while I'm living in the other. + +I guess my point for this post is looking for some advice/motivation. It's just kind of a big scary decision to make for my first home. I understand there's a lot of moving parts that have to come together for this to work. + +Am I crazy? +Iā€™m part owner of a company that designs, builds and sells physical products to both hobbyists and small businesses. We are D2C e-commerce and sell all of our products direct from our website (no third party distribution). + +Since we started up around 5 years ago we have achieved fairy impressive growth. 75% lifetime CAGRā€¦adjusted EBITDA of 7M in 2021ā€¦projected EBITDA of 9.5M for 2022. + +We already decided long ago that we want to sell the company and felt like mid to end 2022 would be the perfect time based on the timing of some new product releases. But now that we are here we feel like thereā€™s a chance we will end up selling for a steep discount based on everything going on. Although our products are value based, odds are that we wonā€™t get through a recession unscathed. + +Our investment banker continues to assure us that PE multiples are still healthy, but I take what they say with a grain of salt. I canā€™t help but feel that multiples are going to fall off a cliff. + +The reason I am posting is I would love to hear from folks in the IB and PE world about where they think private equity is going in the next 6 months. Are multiples starting to fall off? Should we consider waiting? + +Thanks! +1. Gary Genslerā€™s released statement where the first point to be made involved the so-called ā€œgamificationā€ of investing. If he was interested in doing the right thing, the FIRST, NUMERO UNO, point to be made shouldā€™ve been the rampant naked short selling of GME. PERIOD. But oh dear GOD save us from the fucking confetti after a trade is made in RH. What. In. The. Actual. FUCK?! I mean for real?! Thatā€™s gonna take prime position over all of the corruption going on with a double dipping micro weenie whose job is to ā€œprovide liquidity in the marketsā€ and is doing so on two different fucking fronts via short selling AND being a market maker?! Hello MCFLY?! Itā€™s pretty damn liquid from where Iā€™m fucking sitting. + +2. Nobody and I mean N O B O D Y in Congress or any of these regulatory, alphabet soup agencies are going to reform or change a financial system that they personally benefit from EVERY FUCKING DAY. They donā€™t want us to have tendies. THEY WANT TO SHUT US DOWN! All of us. They are the very reason that Wall Street got a bailout in 2008 and all we got on Main Street was ā€œaw too bad so sad.ā€ They got fat bonuses via our taxes to keep their fucking jobs and we got Dodd-Frank which is another fucking joke. After all of that bullshit with mortgages, if you are subprime, guess what? You get to pay PMI, primary mortgage insurance, to the lender. Is that insurance to protect YOU? Fuck no it ainā€™t. Youā€™re paying an insurance premium to protect the lender in case YOU default. All that worthless waste of paper got me was an extra $50/month on an FHA mortgage. But yet these banks are still sipping champagne with all their buddies in Congress laughing at all of the unwashed masses. + +3. We donā€™t fucking matter to them. We are of no consequence to any of them. This was just a fucking show to make it look like they give a flying fuck about average Joe investors. Donā€™t you know they want us to stay in our fucking lane? + +4. Whatever House Bill with all these awesome bullet points people weā€™re sharing a screen shot of earlier, itā€™s going to die in obscurity. It had all the fine points that would benefit average Joe investors, but itā€™s all part of the act. Itā€™s going to sit on some internā€™s desk and die. + +And if anything does come out of these congressional hearings itā€™s gonna be a smack down on retail and more leverage to the likes of Shitadell. Theyā€™re gonna be more concerned about the confetti graphics because theyā€™ve made up a big ten cent word, gAmIfIcATion, to make it sound so much more serious. They have to protect us from making ā€œbad investment decisionsā€ or treating investing like a casino. Well I donā€™t know which one of those fucks needs to hear it but guess what? IT IS A FUCKING CASINO! Itā€™s the biggest god damn casino in the world. You make a BET, you pull the fucking lever and you wait. + +I hodl XX shares and if this MOASS never pops off, they will have to pry them from my cold dead hands. Moon or zero. I ainā€™t fucking selling to nobody! +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 feel as though it is only necessary to compliment that top thread in /r/bitcoin. + +We try to create quality discussion. This sub has rules that we don't want to make increasingly stringent, but may have no choice but to make increasingly stringent. The last thing we want to do is allow discussion that would result in this sub becoming quarantined, if not outright banned. + +Some commonly overlooked reasons why we might remove threads in this sub, for clarity's sake: +1) repost. +2) If the coin in your post is not BTC or ETH, but is in the top 50, we only allow 2 posts about it on the front page. +3) listing posts are prohibited. Imagine every day when a new coin hits uniswap... +4) referral codes are strictly forbidden. +5) All other reasons why we might remove threads can be found in our [expanded rules](https://www.reddit.com/r/Cryptocurrency/wiki/expanded_rules). + +EDIT: The awards are appreciated as always, guys. + +EDIT 2: I feel like the sub is slightly becoming a hivemind of conflicting ideologies, "I made so much money that ____ event happened in my life" types of posts, and little else. While there is nothing wrong with these posts I feel like if that's the only content we're seeing on the front page, then we could be neglecting important info that is relative to any crypto projects out there. Imagine the next polkadot or cardano is up and coming on coingecko, but there are some users that only browse CMC and this sub - which has a few of those posts I just mentioned in this edit. + +EDIT 3: We are always open to suggestions and healthy discussion about how to run this sub. Your feedback is welcome. +With all of the ā€œCrash is imminentā€ posts popping up 5-10x daily, Iā€™m wondering what the bullish thesis are out there. + +It seems like itā€™s been one hit after another of why a crash is coming. + +Dead cat bounce, trade war, election chaos, Accident in the canal, HF over-leveraged, inflation. + +What are the thesis for the bull market to continue for the next 2-5 years or more? Iā€™ve heard several but just trying to learn more as Iā€™m a newer investor. +I know itā€™s unbelievable in todays world but my company matches absolutely nothing to my 401k. My husbands company has a pension and a 401k match. I just want something for myself for ā€œjust in caseā€. +Should I even invest in it or should I just open my own Roth IRA. I make about $55k/year and currently put 10% in the 401k so +I figure if I did go the roth route I would max it out annually. Iā€™m 39 and know Iā€™ll be working until social security kicks in, whenever that is. +So don't normally post, just commenting lurker, but sitting here digesting an interesting day and a revelation occured to me. I know most of you will say no shit smooth brain, but we say it without actually saying it sometimes, so the reality of today is holy moly, SHF are as screwed as I thought. Why? + +In normal circumstances people don't communicate and are disengaged. FUD and fukery can flouish. Under normal circumstances, sowing dissention breaks trust. Spinning the story makes people question their choices. Even when the truth is right in front of you people get discouraged. But what did I learn from today. + +Massive FUD attack the likes of which crushed WSB and GME very quickly turned around and had the community uniting against attacks on our own. No dissention here. + +Media flips the script and starts talking naked shorts, a bunch of hesitant apes say great, but not falling for your traps. No stories to spin. + +Vote 8k doesn't look the way some expect? Everyone goes digging to understand the report can't show more than public float so the fact it does show full public fliat is best possible outcome. No discouragement just deep fuking understanding. + +This is why I love this sub. For the first time possibly ever, WS is betting against people that are in fact investing based on sound reason and fact. Sometimes individuals get caught by emotion. We all get caught up from time to time in the moment and the events, but at the end of the day, group think keeps us all grounded as independent investors who just like the stock. How can anyone compete with a hive mind of 400k of the smartest smooth brains be out there. No emotion. Just calm collected reasoning of a bunch of idiots thinking in unison is frankly an amazing thing to behold. + +Tldr: thank you to all who make up this community.<3 +"We currently pay all of our staff under the _____ Award, and sadly there is currently no negotiation on this." +"Our policy is that we don't pay above award to our employees." + +Just two of the messages I've received from recent employers. It feels like every manager I've had holds some ideological position against paying more than minimum wage. + +At my most recent job, I had been there for two years and established a semi-core part of the business. Because of this I asked for a 10% raise and was rejected. This is the only time I've ever left without notice because I know this part of the business would fall apart, as I had not trained anyone else. Even after I'd left, when they were asking me to come back, the best they had offered me was going onto full time for a 25% pay decrease. + +Venting aside, is there any specific training, courses or certifications that I can get to guarantee myself a better job. I have two degrees, one in arts and one and business and I feel like these just qualify me for consideration as opposed to getting any further ahead. +My mother (50) currently earns ~100k a year, having only just moved to a job paying more than 30k. She has roughly 30k left of her mortgage to pay off, but doesnā€™t have any other accounts (credit/debit cards) as she just pulls off of her mortgage. What should she be looking at doing now that she is about to be completely debt free? She lives modestly, not spending too much but enjoying some luxuries, and wants to make sure sheā€™s set up for retirement in 10-15 years. Any help would be greatly appreciated. +What would be great to know as a first home buyer? How and where to commence and how much to save for the deposit? + +P.s. for the property in Melb, Victoria +Obviously situational but in my situation, 2 apartments with same floor plans but lower level were recently advertised for $550. I emailed my agent, with links, asking to reduce rent in line with market value. Also added in loss of amenities such as gym and pool due to covid. Got a reduction to $560 from $620 within a couple of hours. I am 4 months into my lease. +Also noting that these apartments were renting for $650 prior to this, so rents are dropping significantly. +Also to note, that these are advertised prices, no doubt people are offering less and landlords are accepting less. +As a diversification tool, I decided to invest in RE debt crowdfunding (peerstreet, groundfloor). $10k each to see how that performed. This is a small sample, but after one year you can see some trends and patterns already. + +Peerstreet is considered in the industry in the top 5, Groundfloor in the middle of the pack. + +Peerstreet: Underwriting is not bad. Loans are not too risky, however expected return is low - in the 7-10% range. You can invest $1k at a time, not much choice. + +Groundfloor underwriting is a joke. Pretty much, flippers are buying a shack (you would not believe the pictures on some of there houses on Groundfloor) for $100k, with $25k money down, then ask for a $150k loan (getting back the $75k they invested + $75k for the rehab). Expected return is around 10-17% though. Groundfloor does not tell you it is a 150% LTV. No, they tell you that the value after rehab is worth $300k, so that's a 50% ARV (After Rehab Value). But that's a completely different metric, not reliable at all. Heh, the flipper could even keep the $150k for themselves, and not care about the house. Groundfloor would supposedly foreclose the house so you can get your money back. They probably would discover that the house was not worth $100k, but $80k, sold for $75k. And you, as an investor, you would take a 50% loss. This is an extreme example, but it shows how someone could play the system (someone always will), and that ARV is not a healthy metric to use, compared to LTV. In any case, a lot of care is needed when selecting the investments on Groundfloor. At least you can invest $100 at a time (or is it $25?). They used to have a lot of available loans, but no loan anymore. They got into trouble? + +**So, one year later:** + +Peerstreet: 10% of my loans are in default. +Groundfloor: 15% of my loans are in default. + +They are supposedly trying to get the money back, extending the loan, foreclosing, etc. Some of the flippers went in bankruptcy to stop the foreclosure proceeding (their words). + +It looks like I will have a 5-10% loss after asset recovery, accounting for the interests I got from the performing loans. And this is happening when the market is booming, RE is going up-up-up, lowest unemployement, etc... I can't imagine if market is slow or going down. +Oh, and if somehow I make a profit, I will have to pay 40% income tax. + +BTW this is a similar trend with LendingClub - I am divesting completely. Return are flat for the past year, even when things should go perfectly well. People borrowing from these platforms are probably desperate, unsophisticated, want to abuse the system or not very good at what they are doing. And the investors are the ones paying for it. + +0/7 - Will not do this again. HTH a fellow redditor. +Hello. On August 12th, something very strange happened. The url amazon.com/affirm no longer led to an error message. In fact, it redirects to a link that says "Pay over time with Affirm" in the tab title, and, if you're on the app it says "Search in Pay over time with Affirm" in the search bar. ipad view: https://imgur.com/rGLmrwy + +If you do a "view page source" you can ctrl+F and see the "08-12" that verifies that this url was set up on 8/12. + +Now let's explore the url it redirects to. It has a specific "node ID" in it. https://www.amazon.com/b?node=23376591011 + +Upon reviewing what this means, a node ID is set up for a specific category of product. For instance, this is what the url for their Kindle overview page looks like: https://www.amazon.com/b?node=17717476011 An identical URL with a different node ID. + +It seems very unlikely they set up a specific node ID url if something wasn't brewing. + +Now lets look at other evidence. A few months ago, someone noticed during checkout the word "option" that had not been there before, yet there was only one pay over time option. See the third line down: https://imgur.com/g0jqN4c + +Someone also noticed that when you used to search for "Amazon Affirm" on google it used to come up with a robo-generated search result mentioning Affirm. They do this with basically anything you search to generate clicks. But, a couple months ago, this robo-generated search result removed as if they were trying to hide something. Here is what used to come up: https://imgur.com/3uE52wt + +So what could all this mean? It could be something as simple as Amazon will promote Affirm's upcoming debit card on their website, but why would they promote a competing card? At the moment Amazon only offers their own cards. Or.. it could be a full-blown partnership or buyout. We don't know, but something is going on. + +Also, don't question why I was routinely visiting error message URLs. I have no life and was hoping one day I'd find something and I did. +Hello Reddit, +As expressed in the title. I'm 19, I work at McDonalds. +I'm from the ghetto, I have next to no money and a mother that lives with me in my low income based apartment and she has nothing not 1 dollar. We survive off of food stamps and my depressingly small weekly paycheck. I have no health insurance and neither does my mother. I haven't even had my first car because I can't save up enough because my DTE is $175 and my rent is $120. Did I mention I'm running off my aunt's cable and internet? I'm lucky to make over $400 a month. I would work more hours if I could get anymore but part of me would rather shoot myself than have to stand in that obesity factory another minute than the amount scheduled to me. I have no one to lend me money or help me get another job. +Oh, and I'm a middle school drop out. +Yeah, I'm betting that doesn't help my chances of finding a job. +I'm starting to consider a career in crime, ironically I kind of want to be a cop. Go figure. +Any HELP is MUCH APPRECIATED, because I'm about to snap any day now. + +EDIT: I'M EXTREMELY SURPRISED AT THE RESPONSE I'VE GOTTEN. +JUST WANT TO SAY THANK YOU TO ALL THE PEOPLE WHO TOOK/TAKE THE TIME TO GIVE ME ADVICE! +YOU'VE ALL HELPED ME MORE THAN YOU KNOW! ITS NICE TO KNOW I'M NOT ALONE IN THESE TOUGH TIMES! +AND TO THE PERSON WHO GIFTED ME REDDIT GOLD, I LOVE YOU! +I DON'T KNOW WHO YOU ARE, BUT I LOVE YOU! +Quick translation of a Post about an hour ago in the german GME sub: + +*Good morning friends, I just talked to an employee of the DWP Bank. As a bank employee myself I have a direct hotline. As many suspected, the DWP mis-booked the dividend - as a split. This was withdrawn on friday. The dividend will most likely be properly booked during the day, at latest tomorrow. Please pass this on to superstonk as I don't have sufficient karma. +Big trust-me-bro moment, but if you have further questions to the DWP I can pass them on. +PLEASE EVERYONE DRS YOUR SHARES!* + +Addendum by me: this fits a document the DKB left in my postbox after removing my dividend; said they'd removed the shares previously booked as a split and would re-book them as a dividend, to be settled within the next few days and to please excuse the inconvenience. +Also fits the fact that pretty much all german banks who clear stock trades through the DWP did the same thing, Consors actually started returning dividend shares on friday. + +**Theory edit**: German investors are actually the *owners* of assets bought instead of merely beneficiaries, and banks / brokers are only custodians of the asset. If one of them goes bust, our stock will just get moved to another custodian. Therefore I don't believe any german bank wrote a CFD instead of buying the shares, but that the issue lies with Clearstream, through which they trade into the US markets. If Clearstream says "Split", they split. If Clearstream says "Oh shit, sorry, no split! We actually meant *dividend*!" they remove and re-book the shares. +This whole ordeal probably comes from the DTCC distributing dividend shares in US-brokers, borrowing them, distributing them again, ... , borrowing them again and only *then* giving them to Clearstream to dostribute them to the german banks. This could explain the false notice of a *split*, the booking of placeholders, the removal of those, and the apologetic notice of the re-booking as a dividend. All this for the DTCC to roll the dividend into FTDs and buy thsemselves another month. +100% of the top 50 coins are in the green in the past 3 months + +98% of the top 200 coins are in the green in the past 3 months + +A blindfolded monkey could have made the returns you made in this market. Moral of the story: Donā€™t think you are an invincible investor and that your investments will stay green forever. Do your research and have a plan (exit strategy, HODL, etc.) it will come in handy WHEN the next bear market comes. +Friends in here have been asking me this question after I found some stocks before they started their big runs. Here I explain. + +I do a volume screening. Meaning, I compare recent volume, like the last 1 to 10 day volume with 30 to 60 day volume average. There are many tools for that. I use Tradingview screener and compare last daily volume or last 10 days' average volume with 30 or 60 day average. I also set the share price below $0.10 + +I do this because this shows me that there is some unusual movement in the stock lately. It works great for penny stocks since they have very little volume. So if some people knows something before everyone, their buys directly show up on the volume. + +Then I check each one of these to see if they made a run yet and try to understand their story by looking deeper into fundamentals like revenue, OS, past performance, dilution, events like offerings and RS, then website, management/team, products and clients, social media etc... + +This is my filter settings in Tradingview.Don't think it's perfect, you should tinker with it and share if you find a more accurate setting. + +https://preview.redd.it/1pay6ban6pd61.png?width=1397&format=png&auto=webp&s=f5fe88d82bb5f86f1c1a01226d765094d2c5c632 +It is no secret that large money managers have been using algorithms to exploit the US stock market. Idiots like Jon and Pete Najarian have made entire careers on following momentum using "unusual options activity" instead of actually doing research and deciding which companies are worth investing money in. A lot of people on this forum have been posting positions in order to feed junk data into people who use these systems to mess with the boomers who are using a technology they could never understand or control. While I think this could have a small effect on the market, I think that a large number of people targeting specific positions both in what they post on this and other platforms and in what they buy could cause a real momentum surge in the stock market that could trigger a flash crash. If I'm wrong, then great, they actually programmed circuit breakers into their programs, and for that capitalism has rewarded them. + + +If we want to trigger a flash crash we will first want to mess with treasury bonds to make the robots think we're scared. That means the first step to creating a stress test would be to buy, Google search, and discuss positions that will drive down treasury yields. Treasury yields go down when people are buying a lot of bonds. Therefore, we should buy these positions: + +IEF $121 Call 01/15/21 x1000 +IEF $122 Call 01/15/21 x1000 +IEF $123 Call 01/15/21 x1000 +IEF $124 Call 01/15/21 x1000 +IEF $125 Call 01/15/21 x1000 +IEF $126 Call 01/15/21 x1000 +IEF $127 Call 01/15/21 x1000 +IEF $128 Call 01/15/21 x1000 +IEF $129 Call 01/15/21 x1000 +IEF $130 Call 01/15/21 x1000 +IEF $123 Call 12/18 x1000 +IEF $123 Call 12/18 x1000 +IEF $123 Call 12/18 x1000 +IEF $123 Call 12/18 x1000 +IEF $123 Call 12/18 x1000 +IEF $123 Call 12/18 x1000 +BND $90 Call 10/16 x500 +BND $89 Call 10/16 x500 +BND $88 Call 10/16 x500 +BND $87 Call 10/16 x500 +BND $90 Call 11/20 x500 +BND $89 Call 11/20 x500 +BND $88 Call 11/20 x500 +BND $87 Call 11/20 x500 + +We should also work on strengthening the dollar. If you want to strengthen the dollar, buy these positions: + +UUP $20 Call 11/20 x500 +UUP $21 Call 11/20 x500 +UUP $22 Call 11/20 x500 +UUP $23 Call 11/20 x500 +UUP $24 Call 11/20 x500 +UUP $25 Call 11/20 x500 +UUP $20 Call 10/16 x500 +UUP $21 Call 10/16 x500 +UUP $22 Call 10/16 x500 +UUP $23 Call 10/16 x500 +UUP $24 Call 10/16 x500 +UUP $25 Call 10/16 x500 +GLD $182 Put 10/16 x900 +GLD $183 Put 10/16 x900 +GLD $184 Put 10/16 x900 +GLD $185 Put 10/16 x900 +GLD $181 Put 10/16 x900 +GLD $186 Put 10/16 x900 + +We also know the market is very top-heavy. So a good test would probably be to short the biggest tech names. Buy these positions: + +AMZN $3000 Put 10/16 x300 +FB $230 Put 10/16 x800 +AAPL $100 Put 10/16 x900 +TSLA $300 Put 10/16 x700 +GOOG $1500 Put 10/16 x250 +MSFT $200 Put 10/16 x1000 +NFLX $450 Put 10/16 x470 + +And of course, mess with the index and VXX ETFs. To do that, buy these positions: + +VXX $35 Call 10/02 Exp x1000 VXX $45 Call 10/02 Exp x1000 + VXX $25 Call 10/02 Exp x1000 + SPY $350 Put 10/02 Exp x5000 +SPY $352 Put 10/02 Exp x5000 +SPY $355 Put 10/02 Exp x5000 +SPY $320 Put 10/02 Exp x5000 +SPY $310 Put 10/02 Exp x5000 +QQQ $300 Put 10/02 Exp x5000 +QQQ $200 Put 10/02 Exp x7000 VXX $35 Call 10/02 Exp x1000 VXX $45 Call 10/02 Exp x1000 + VXX $25 Call 10/02 Exp x1000 + SPY $350 Put 10/02 Exp x5000 +SPY $352 Put 10/02 Exp x5000 +SPY $355 Put 10/02 Exp x5000 +SPY $320 Put 10/02 Exp x5000 +SPY $310 Put 10/02 Exp x5000 +QQQ $300 Put 10/02 Exp x5000 +QQQ $200 Put 10/02 Exp x7000 VXX $35 Call 10/02 Exp x1000 VXX $45 Call 10/02 Exp x1000 + VXX $25 Call 10/02 Exp x1000 + SPY $350 Put 10/02 Exp x5000 +SPY $352 Put 10/02 Exp x5000 +SPY $355 Put 10/02 Exp x5000 +SPY $320 Put 10/02 Exp x5000 +SPY $310 Put 10/02 Exp x5000 +QQQ $300 Put 10/02 Exp x5000 +QQQ $200 Put 10/02 Exp x7000 VXX $35 Call 10/02 Exp x1000 VXX $45 Call 10/02 Exp x1000 + VXX $25 Call 10/02 Exp x1000 + SPY $350 Put 10/02 Exp x5000 +SPY $352 Put 10/02 Exp x5000 +SPY $355 Put 10/02 Exp x5000 +SPY $320 Put 10/02 Exp x5000 +SPY $310 Put 10/02 Exp x5000 +QQQ $300 Put 10/02 Exp x5000 +QQQ $200 Put 10/02 Exp x7000 +SPY $355 Put 10/02 Exp x5000 +SPY $320 Put 10/02 Exp x5000 +SPY $310 Put 10/02 Exp x5000 +QQQ $300 Put 10/02 Exp x5000 +QQQ $200 Put 10/02 Exp x7000 + +If we do that, pile into sane ones, Google, tweet, Stocktwit, and push a bunch of data that generates artificial momentum, we can make sure there aren't any flaws in the current regulatory framework. Maybe we can make some money too. Maybe I'm wrong, but it would be a sick prank if it worked. Feel free to comment with ways you think we can improve the stress test. + +Edit: Contrary to the opinions of commenters, this shitpost is properly labeled as DD. The issue yesterday was that people were shitposting without doing their due diligence. This shitpost has done its due diligence. Minutes of research went into precision targeting and I changed dates and strikes to make it look less like spam. I even name dropped the Najarian brothers, googled pre-crash bond activity, and proposed ways to strengthen the dollar. Wording was purposely made in a way that was easy for the robots to read. If retarded ideas make a post less worthy of DD flair, then mods have a lot work to do. +I live 6 hours ahead of American time and my Portfolio is always doing great before the American market opens (which is 3:30 PM for me). +As soon as it's 3:30, every stock drops into the negative. +Why? Im sorry If this is a stupid question. Im quite new to stocks, but I just don't understand why this happens with EVERY stock? Are you guys mass selling as soon as the market opens? (By the way, this did not only happen the last few days, it's every day. Sometimes more, sometimes less). +Thank you for any answers. + 30 Year old investment analyst based out of London. Through work, I'd seen that virtually no one could invest in coal miners because of ESG creating honestly one of the most ridiculous opportunities I've seen in finance (many of these stocks trading at 1-1.5x FCF/EV). World burnt more coal than any other year in 2021 and will burn more in 2022. Put my money where my mouth was and it played out. Still long, giving up to go travel the world for at least a year - maybe longer. Thank you all for the lessons in risk management. + +[https://imgur.com/a/uOko5uH](https://imgur.com/a/uOko5uH) +Hi, I'm in my early 20s and decided it's time to start investing to grow some wealth. My goal really is to not need to worry about money when I'm older. Maybe if it goes well, I could work part time or retire earlier than I thought I could. + +I doubt it would happen, but ideally I'd love to be able to work on my own projects and have the money to fund them for the rest of my life, basically be my own boss, and maybe occasionally hire friends here and there to help me out on those projects, or work with them on something from the ground up. + +I started already putting part of my paychecks into ETFs, right now it's 50% VEQT 50% XEQT. I also have a smaller amount of money I use just for fun and see how it goes (like GME which made me some pretty good returns already, got in at 40$). All in a TFSA on Wealthsimple. + +I still live with my parents, so I'm lucky enough that I don't have much to pay right now. However, I'd like to move out in the next year or so, and I'm saving up for a condo, though it seems the real-estate market in Canada isn't ideal these days for lower wage workers like me, I won't say exact numbers but it's definitely not over the first tax bracket of $48,535. + +Anyways, what do you think about this plan? Is saving up for real-estate even a good idea right now with my income? Should I play it a bit riskier since I'm still quite young? + +Would it be a good idea to maybe stay a bit longer with my parents and use my gains with those ETFs towards real-estate? + +Also, I only put maybe 1/5th of my total savings right now into stocks. Should I put more than that? + +I am a pretty anxious person so I'd like to not end up with huge debt or something that'll break me, lol. +Iā€™m in my mid-20s and Iā€™ve only been investing (100% equities, mostly broad-market SPY type ETFs/MF) for a couple years and Iā€™ve only recently learned about IB margin rates and the fact that margin interest is tax deductible. +I, however, am having trouble coming up with an intelligent leverage strategy. Are there any good books and sources on it? How much should I have as a cash reserve (long term investing GUARENTEES margin calls.) Is it prudent to max out a TFSA first? + +I did some badly done and poorly-presented calculations with unforeseeable assumptions attached, but its pretty clear to me that leverage provides a better return than a TFSA. +https://imgur.com/a/3KtKRXO + + +but my numbers ignore important things: +1) TFSA is risk adjusted, margin is not + +2) TFSA requires no cash cushion- a margin does, so I added a column doubling the tfsa investment, assuming I kept a 50% cash cushion with margin, which I assume is quite high. + +3) probably many other things cause I'm bad at everything lol + +What Iā€™m seeing is that investing margin is clearly much more profitable than a tfsa on the surface with no cash cushion, but being a pragmatic realist, I think having no cash cushion is stupid. Though, I could probably get an uninsured LOC to avoid margin calls if need be- but I donā€™t include that cost in the chart. +However, if I consider a 50% cushion, invested instead of held for a margin, the margin only preforms like ~10% better than TFSA over 2 decades which is nowhere near worth the risk. Clearly, in this case, maxing out a TFSA is superior. + +The one RESOUNDING thing to me is that leverage is much better than a non-registered account, even with a 50% cushion at the highest interest rate. + +So would the conclusion be that it's best to maximize a TFSA And then leverage afterward? If so, what are cash reserve considerations? + +Ib requires 25% maintenance so a 50% cushion by itself could cover a 60% loss and the s&ps worst year was about 50. I actually have no cash right now either so this would motivate me to save lol. + +Anyway, proceed to call my math bad, and tell me how Iā€™m wrong in every way lol. I need to educate myself. + + +Edit; +Forgot to edit "dumb" lol. Dumb is just selling it all at once + +More questions: + +Can a margin loan be called at any time? Ie. What if IB goes bankrupt? + +These dumbasses let it drag out too long. + +True, everyday, I *feel* the FUD like: +ā€œweā€™re all high on confirmation biasā€ and ā€œmillions is just a memeā€ and +ā€œother subs are not with usā€ +and so many other negative thoughts that we all hear and feel. THEY ARE JUST FEELS NOT FACTS. + +So, I go back to *facts* like: +- there was 140% of the float shorted in mid-Jan and simply not enough buys to cover them all, +and the shorting of the etfs timed perfectly with ftd numbers and suddenly lower si being reported is sus af, and +- institutional ownership alone has grown now to nearly 200% of total shares in existence, and +- there has been absolutely no sign by intelligent buyers that they are even close to considering selling, +and so many other bonafide inarguable signals of what is to come. + +Fellow apes, it is hard to believe when the fishing line goes limp, that there is still a Jonah-eater on the hook. But rest assured it is. We are reeling it in slowly but surely. + +HOLD +šŸ‘ŠšŸ» + +Edit: Many of you wonderful diamond handed crayon eaters have kindly corrected my low digit expectations. Iā€™ve bumped my mindset to 8 or 9. Only selling after the peak, no stallin the rocket. +I see the value in bitcoin from a merchant's perspective (faster than a credit card company, irreversible, no volatility risk through a 3rd party, lower fees). From the consumer side of it, it's a harder sell (no fraud protection, time consuming to acquire initially, extremely volatile). I decided to offer a discount to justify the effort someone new to the community would take buying the product with bitcoin. + +As for integration, I know there is the 'script kiddie' approach of copying and pasting a button on Coinbase, I'm not referring to that. If you want to actually integrate with a 3rd party API, in this case Coinbase, it requires a lot of changes to an existing site accepting credit cards. I have done integrations with Bitpay and Coinbase, these are my findings with Coinbase but most points are not limited to them and I personally prefer them: + +* there is NO test environment with Coinbase, writing automated tests (or manual ones) requires spending real money, some of which is lost due to mining fees (unlike Bitpay, they have not implemented testnet yet) +* bitcoin transactions are error prone, a buyer can over or under pay an address (even using a QR code, an invoice can expire and be incorrectly paid, requiring customer service work) +* bitcoin invoices only last a few minutes before expiring (10 minutes with Coinbase) +* refunds are frustrating (merchants today are often converting all bitcoin to fiat ASAP and if there is a refund, it should be expressed in the fiat amount expressed in BTC at that time, thus sending more or less BTC to the customer) +* new conditional logic needs to be added to an application to generate an invoice, from which no payment is guaranteed (people like to just see an order page without buying, leading to noise) +* unlike a credit card, it is not a synchronous transaction like an HTTP POST (a site must receive a call back or at least poll an ID they know about to determine if an invoice was paid and what its status is) +* if an invoice was paid correctly, it could accidentally still receive an additional payment (requires customer service work) +* requires UI changes that may be confusing or discouraging to consumers (it can be a distraction and offering a discount may discourage credit card users from buying due to not getting the best possible price) +* to support affiliate marketing/ tracking pixels, a site must redirect the user to a confirmation page but it's not guaranteed the buyer will redirect (generate a QR code/ invoice/ address, the buyer can close the page and then pay legitimately, which is a loss of control for the merchant's usual flow) +* payment protocol is not guaranteed, in the case of a refund, the address may need to be manually collected from the buyer (back and forth over email may be required, a customer service concern) + +The site that I implemented this for is [SleepTight Mouthpiece](https://www.sleeptightmouthpiece.com). To help the community, I pushed to have a bitcoin discount (10%). I stressed the merchant benefits to justify working on this feature. + +I am curious what other merchants have done on the topics of refunds, mispayments, order status checking and testing. + +*edit: grammar* +So, I've got some old friends back home, going back to college days. I've tried to orange pill each of them at various times. Some of them were respectful about it and said thanks but no thanks. Others told me I'm a complete fool. Now, this was back when Bitcoin was $40-60k. As in, much of last year. Well, now that it's really dropped, these guys are making fun of me and laughing in the most low and snide manner. Asking me "How's Bitcoin doing?" and things like that, which are obviously snarky and snide, as they can look up how Bitcoin is doing any time. + +What do I say to them, guys? Seriously, I'm taking flak and getting made fun of! What do I do about that? +* US November payrolls increased +263,000 jobs, **higher than expected**. Average hourly earnings rise 5.1% versus a year ago. +* Unemployment rate is unchanged at 3.7% +* Nonfarm payrolls forecast increasing 200,000 in November +* **The jobs report showed average hourly earnings rose 0.6% in November, the biggest monthly advance since January.** +* Wages for production and nonsupervisory workers climbed 0.7% from the prior month, the **most in almost a year**. +* **Average hourly earnings are forecast to have increased 0.3% after advancing 0.4% in October. That would lower the annual increase in wages to a still-high 4.6% from 4.7% in October.** + +&#x200B; + +"The US jobs report is made up of two surveys -- one of households and one of businesses. Similar to last month, the two data sets pointed in different directions. While the business survey showed strong hiring, that of households -- which can be more volatile -- indicated lower employment for a second month.Ā  + +The labor force participation rate -- the share of the population that is working or looking for work -- edged lower to 62.1%, a four-month low. Among those ages 25 to 54, it declined for a third month. " + +&#x200B; + +[https://www.nytimes.com/live/2022/12/02/business/jobs-report-november-economy](https://www.nytimes.com/live/2022/12/02/business/jobs-report-november-economy) + +[https://www.bls.gov/news.release/empsit.nr0.htm](https://www.bls.gov/news.release/empsit.nr0.htm) + +[https://www.bloomberg.com/news/articles/2022-12-02/us-hiring-and-wages-top-forecasts-keeping-pressure-on-fed](https://www.bloomberg.com/news/articles/2022-12-02/us-hiring-and-wages-top-forecasts-keeping-pressure-on-fed) + +&#x200B; + +Edit: more details and sources for a comprehensive read +I've been working on a plan for if a crash comes for quite some time. I have successful trades in March 2020 and various big drops in 2021. Mostly trading high to low. Example in a [real crash recently.](https://www.reddit.com/r/BeatTheBear/comments/mt2m4d/a_crash_in_btc_would_probably_be_an_early_warning/guxv27e/?utm_source=reddit&utm_medium=web2x&context=3) + +[Here's my backing work for it.](https://www.reddit.com/user/HoleyProfit/comments/m9nfea/a_numbers_game_a_mathematical_look_at_historical/) + +&#x200B; + +Here's more examples of real analysis / trades on crash - [One](https://www.tradingview.com/chart/BTCUSD/9YshdzfR-BTC-price-swings-forecast/) and [two](https://www.tradingview.com/chart/BTCUSD/f3fjjpaP-BTC-Into-final-stages-of-bull-trap/). + +[Here's my SPX crash forecast.](https://www.tradingview.com/chart/SPX/IHsWV9J2-SPX-crash-price-swings-forecast/) + +[Here's my SPX options trade plan.](https://www.tradingview.com/chart/SPX500USD/w48Zdy7D-Options-trade-plan-for-SPX-crash/) + +[Here's info on how I am structuring my options plan to avoid theta decay.](https://www.reddit.com/r/BeatTheBear/comments/oyrmas/bear_market_options_portfolio_basics_of_credit/) + +[Some more trade entries.](https://www.reddit.com/r/BeatTheBear/comments/oz78t8/bear_market_options_portfolio_entering_positions/) + +[Here my estimate of the best way to recover if caught in a crash](https://www.reddit.com/r/thetagang/comments/pn02yt/practical_plan_to_recover_a_down_theta_portfolio/) \*Edit - This last link was wrong. Corrected now. + + +Let's face it, the vast majority of traders across the spectrum prefer to trade rallies. The price action is more consistent and it puts everyone in a great mood. The economy is doing well, portfolio values are up and people have jobs. After a nasty start to the year we would like to think that the worst is behind us. Technically, the market looks great and we have been nailing bullish trades left and right. This is like the first warm day in Chicago after a cold winter and it feels really good. + +Some of you will be tempted to start taking overnight longs aggressively. It is still too early and I suggest you stick with very short term trades and wait for confirmation (follow through). Here's why. + +&#x200B; + +[Lots of technical reasons to be bullish](https://preview.redd.it/auij2fgbl4d91.png?width=1064&format=png&auto=webp&s=721144cda1e28317444f3a036acc27084fab0e8e) + + + +On a day trading basis, we don't have to worry about fundamentals. We trade what is in front of us and we keep our overnight risk at a minimum. When you lengthen your trade duration, fundamentals do become more important. There will be some of you who are tempted to "back up the truck" and load up on bullish overnight positions based on what you see right now. I wrote this post to shed light and hopefully to keep you from making a devastating mistake. + +**Has the Fed stopped raising rates?** No. In fact, they are going to raise rates next week. Some projections are as high as 100 basis points (75 likely). Yesterday the ECB hiked rates by 50 basis points and that was more than expected. + +**Have we felt the impact of the rate hikes to this point?** No. We will not know the impact of higher interest rates for a few months. The economic data points will be very important in Aug/Sept. + +**Has inflation subsided?** No. There are some signs (mainly energy) that we might have climaxed, but that is a far cry from seeing a decline in prices. We just came off of the highest readings in 40 years. For the last year we've heard that inflation is temporary and it continues to surprise the Fed. + +**Is China strong?** No. The second largest economy in the world and the global growth engine the last two decades is "on the ropes". They are still in shutdown mode because of Covid-19 and we can expect more supply disruptions. Property developers are defaulting, people are not able to access deposits at rural banks, home owners are not paying mortgages on new construction at the risk of ruining "social credit" and funds have been selling Chinese bonds for a record 5th month in a row. After decades of hyper growth, China is my biggest market concern long term. I smell a rat and I suspect credit issues will surface. + +The list is long and I could continue, but I won't. These issues need to be resolved and it will take time. It is typical for the market to rally into earnings season. Big tech companies will announce earnings next week and after that, "the air will be let out of the balloon". The Fed will hike rates and they will vanish until September when another rate hike is expected. The rat population will decline in DC as politicians take recess. The country will be on "auto pilot" and the issues I have outlined will fester without anyone at the helm. Trading volume will dry up and we will be in a news vacuum for weeks. + +So I must be bearish - right? I do believe that the market will test the low of the year. Depending on how things play out, we might even take it out. I am not positioning myself for a big drop, but I am very ready to trade it if the price action deteriorates. I am certainly NOT loading up on longer term bullish positions and that is what I want to discourage you from doing. This is how accounts "blow up". + +The strong technicals we are currently seeing were also present in March. Look at how similar the chart below is to the first chart I posted. All of the same technical breakouts were present (I copied and pasted the blue box). From that peak to the next low the SPY dropped more than 15%. Longer term swing traders who bought on those strong technicals took a beating and they fueled the market drop when they bailed on their positions. + +The recent market rally came on low volume, just like the bounce in March. These moves look great on the surface, but buyers have a low level of conviction and this bounce can easily be reversed. + +DON'T LOAD UP ON LONGER TERM BULLISH SWING TRADES. + +To complete my metaphor, it is only March in Chicago and we can still expect cold weather. I hope this posts helps you avoid a costly mistake. Stay short term with your trades. The time for longer term bullish swings will come, be patient. These issues need to be resolved and we do not know the outcome. When we see stacked green candles consecutively on heavy volume, we can start taking longer term bullish trades. + +&#x200B; + +[ The technical back drop in March looked great. The SPY fell more than 15&#37; after that ](https://preview.redd.it/ugiv8hxml4d91.png?width=977&format=png&auto=webp&s=8db5b21def3d9250ff2d8e64ee9dabe7d71b1498) +Peter Lynch loves this word it seems. I am thoroughly enjoying his book One up on wall street. So let me ask everyone what are your potential tenbaggers? Mine (Iā€™m new to this so donā€™t judge too harshly) would be possibly Tesla. + + +Edit: Not currently in Tesla. Not worth the risk yet. Maybe next year if profits roll in. +Hello PF! I'm going to try and keep this short, but it's been bothering me. + +Yesterday I stopped a small gas station to pick up a few items that totaled to ~$19. Normally I decide whether I'm paying by cash or card after I hear the total. Instead of telling me the total the attendant said "you can swipe your card now" and I remember feeling startled by the comment. I swiped my card and looked at the little screen to my left to see the total, but it was blank. I looked back to card reader to start hitting the buttons for debit or credit, cash back, etc. These options never appeared. Instead, the receipt printed. Odd. + +At this point the attendant starts laughing a little and in a "whoopsie I accidentally made a joke" type of voice tells me she accidentally charged me $72. The receipt actually says $91. She (still light-hearted and jokingly) tells me that she can only give me a refund through cash and opens the drawer. I'm looking at this receipt and start thinking of a $35 fee for overdrawing my account(1), the fact that it's Saturday and I don't have time to get to a bank to redeposit the money, and how annoying it would be to fix this on my own when I have plans for the rest of the day. Also, I'm really annoyed and pissed at this woman for fucking up this badly and acting like it's no big deal. + +Cutting the rest of the story down: Tell her she's putting the money back on my card. Ask for manager. She tells me to go next door to talk to him. I object and she calls. Turns out there's no one in the office next door. She pushes THREE buttons and tells me to swipe my card again. I have a receipt in my hand saying I was refunded the amount to my card. + +As I'm leaving I start thinking about other times this has happened to both me and other customers, but for smaller amounts. I, personally, see it happen a couple times a week during the random times I happen to be in there. They always say the line about cash as change and I haven't seen anyone object. Apparently this isn't true since I managed to get it refunded back my card. + +So my question is: does over charging people's cards and giving out cash as change benefit them in some way? It's a very small store and she said the manager would back her up that I could only get cash back, but I clearly got it refunded to my card. Why lie about this? + + + +1) I actually had plenty of money in my account. It was more of a "sticker shock" reaction that ~$100 was just taken out of my account when normally I'd look at my budget and account before spending that amount. + + +Edit: I will be going to my bank tomorrow with all the receipts to talk to them about what happened and how it happens somewhat regularly. I'll post an update later if it turns out that something "interesting" is going on with the store. Thank you everyone! +In this article we will dive into Financial Stock Analysis using the Python programming language and the Yahoo Finance Python library. This tutorial covers fetching of stock data, creation of Stock charts and stock analysis using stock data normalization. The implementation will take place within the Jupyter Notebook which we will install using the Anaconda data science platform. So without further introduction lets get into the actual implementation. + +[https://medium.com/vinsloev-academy/python-financial-stock-analysis-algo-trading-4d5304d07416](https://medium.com/vinsloev-academy/python-financial-stock-analysis-algo-trading-4d5304d07416) +I mean considering the market? Are they underquoting regardless or are the prices more realistic? + +I imagine at the very top, they're overquoting but what about middle and bottom? Anyone know. + + + +Everyone talks about missed opportunities, but sometimes the opportunities are right in front of them and they fail to take advantage, to recognise them. People are still sleeping on *ā€insert your favourite coin hereā€*. If you want to buy BTC or ETH, do it now! If you want to buy ADA, NANO, DOT, MONERO, ETH, MATIC, AAVE, ALGO, UNI, LTC or any from the 11,000~ cryptos, do it now ! + +Sometimes, luck is when opportunity meets preparation. The opportunity of a lifetime has been in front of people for a months if not years now! Many people dismiss crypto because they donā€™t understand it. Instead of giving an hour of their time to begin learning about the problems that crypto solves. + +Stop listening to good olā€™ banks. They donā€™t care about you. Be aware, and have clear frame of mind. + +Born too late to explore the Earth. Born too early to explore the stars. But born just in time to invest in Cryptocurrency. Donā€™t hesitate to take opportunities. Itā€™s your time now ! +Let me begin with a disclaimer. + +# I am a retarded ape. + +Now that we have that out of the way I just want to bring up an all too familiar discussion. + +# I'm here to talk about "those stocks" and their brother/sister stocks. + +If you haven't stopped reading yet or WSB hasn't deleted this post. Cool! + +Most people know the DD here but more recently things seem to be getting SPICY. Most importantly I'd like to turn your attention to all of these over shorted stocks hitting 100% utilization. + +Now hear me out, I'm retarded. I know I'm retarded. I see how both of these stocks of been beaten down over the past 5+ months. But the utilization being shown finally as 100% again and even some of the ETFs have short interest way higher than the individual stocks... + +**Cannot...** + +**Be...** + +**A..** + +**Coincidence...** + +# I see 2 ways this plays out: + +Option 1: I'm a retarded bag holder, holding on to nothing but a pipe dream and I've actually accidentally joined a cult + +Option 2: These things fucking begin to rocket + +# And since when was this a sub NOT full of degenerates who would take a second mortgage out on something as sure of a thing as 50/50 odds!? + +&#x200B; + +\*\*SPOILER ALERT\*\* Can't wait to see how many people call me a bag holder and that I don't understand the stock market. + +Jokes on you: + +&#x200B; + +https://i.redd.it/d1b5z7xwt1i81.gif + +&#x200B; + +EDIT: WOW can't believe how many retards liked this/interacted with it. I am beyond HUMBLED. I was asked to share positions so | 773 AMC | 11 GME (thought I had 5 DRSd but turn's out my broke ass could only afford 3.8 shares at $126/share) Advice, don't drink and DRS! + +&#x200B; + +https://preview.redd.it/bdzffbjb37i81.jpg?width=1186&format=pjpg&auto=webp&s=d7348906b37352b17cf1ba7f1680b2a9c418ecca + +https://preview.redd.it/5s3sxgkb37i81.jpg?width=1186&format=pjpg&auto=webp&s=8cbf7046ef44ed2624619c90c248a59d3a7341bc + +https://preview.redd.it/1z3z40tb37i81.jpg?width=4032&format=pjpg&auto=webp&s=dbcffc4b08c758e3c93856d825bfd1b31c6ba493 + +Also another common comment was "no TLDR!?" I've got you: + +TLDR: I'm still retardedly long on AMC and GME + +[https://www.youtube.com/watch?v=wHjieD6CTYs](https://www.youtube.com/watch?v=wHjieD6CTYs) +I know there is a lot of speculation around a coming recession and Iā€™m not saying there will be one. I am interested in the thought experiment of how to invest when anticipating a recession. What do you buy in the lead up to a recession? +Iā€™m a 22 year old doing physics at university in Ireland. I got the offer to do a year abroad in America, but I have crohns and needed a surgery last year for it. + +This has caused the travel insurance to go up from ~600 pound for the year to about 2 grand. + +I really donā€™t want to miss out on a once in a lifetime opportunity because of this stupid illness, and I was thinking of taking a credit union loan out for 2000 pound. Is this advisable? Or should I cut my losses. Any other institution you would recommend for the loan? Thanks! +Hi UKPF + +I'm really interested in changing my car to an EV. Specifically a Tesla Model Y long range. Would I be correct in thinking that going through my employers salary sacrifice scheme would be the most beneficial route compared to HP/PCP? + +For context, my salary is approx Ā£55k, I do 10k miles PA and currently own outright a vehicle with a value of Ā£12k that achieves 30mpg (diesel). Ā£280/yr road tax. + +I guess my options are. Salary sacrifice to get the new car. Sell my old car and put the cash in savings. The scheme includes all insurance, maintenance etc. + +Or, use my current car as a deposit against a HP/PCP agreement? + +Does anyone have any insight into this, in the past I've always purchased my vehicles outright. + +Thanks in advance. +The official moving-in day is the 9th and it's only just starting to sink in with 4 days to go. I'm fucking terrified at the thought. I have no idea how to live on my own, how to properly budget, what unexpected expenses there might be. Oh my god. Please advise me. + +I'm moving for my first ever graduate job in a town outside the Oxford area, and it's going to be paying ~Ā£22.5K p/a, with a shift allowance of ~Ā£3.25K as I'll be working some late shifts per my rota. + +My rent is going to be Ā£750pcm, not including council tax (band B) or utilities. I know England is charged for the water used as opposed as opposed to a fixed rate we have in Scotland, but I don't know what the charges are like. + +I have about Ā£600 in my bank right now and my parents and my gran are going to help me out with the start-up costs like my deposit and furnishing the flat, but it's not like they're particularly wealthy and I worry about them, too. + +What are some unexpected costs I might run into? I've rented before in Scotland, but never alone and that was still a disaster, leaving me depressed and moving back in with my parents - I can't afford to let that happen this time. + +I am so worried I feel sick. + +Edit: Grammar's important + +Edit 2: I'm heading off to work, so I'm not going to be able to respond to any new messages until tomorrow. Thanks so much for your advice and well wishes. It means so much. <3 +Hey all, I want to be very clear that all credit for this work goes to u/jebjoya. Posting requirements did not allow him to post this, and I've been working with him in discord to get this out. This past week we've seen some weird movements with gme, and this data focuses on patterns. Specifically, a pattern that seems to show that it's possible that the 5m share offering could be completed as of Friday. None of this is financial advice, and it is meant for open discussion. + +# TL;DR +Through some simple analysis of AMC and GME stocks over the last 60 days, I have attempted to show some ā€œnaturalā€ relationship between the two. Ā With this relationship assumed to be true based on the evidence found, I have shown there to be some level of excess volume for GME in the morning of the 11th June (prior to 12:30pm). Ā This excess volume equates to a very similar number to the number of shares that GME are releasing to the market through their ATM offering. Ā As such, I am hypothesising that the sale of the 5m shares in an ATM offering is now complete, and that Gamestop will announce this to be the case in T+2, or AH Tuesday / PM Wednesday of next week. +# Introduction +## About the Author +Hi there, Iā€™m /u/jebjoya and first of all, I have exceptionally limited knowledge of the financial sector outside of the past few months. Ā Iā€™m in my mid-30s, have a wife and kid, work in technology consulting, and have a Masters degree in Maths from a Russell Group University in the UK (admittedly, only got a 2:2 - was too much of a fan of the pub!). Ā I can throw together some code, but as youā€™ll see, Iā€™m assuredly not a developer! +Although Iā€™m something of a lurker on Reddit (which is why Iā€™ve been unable to post this myself), Iā€™m a relative regular in the Discord VC rooms. +## Where this began +So, in the after hours of the market on the 11th June, I was chatting with /u/ClearlyPopcornSucks and /u/Bootheskies and an article came up ā€œHow AMC Is Breaking a Meme-Stock Patternā€, which Iā€™m not going to bother linking here (screw their ad revenue for writing that crap) but it got me thinking about what ā€œpatternā€ might be shared between GME and AMC. +# The Impetus +So, we can start with doing a simple visual comparison of GME and AMC - at the time, I did this with the small Yahoo Finance graphs, but letā€™s go up a notch and code it out (since weā€™ll be using some of this same code later). +First of all, you can play along at home if you like - Iā€™m using Python 3.9 (although any 3.x version will probably work), and have pip installed yfinance, plotly, pandas and scipy - thatā€™ll probably do you. Ā The code for this first graph can be found here: [ATMOffering01-AMCvsGME.py](https://github.com/jebjoya/jebstonks/blob/main/ATMOffering01-AMCvsGME.py) +(NB: Please feel free to do whatever you like with code from the jebstonks repository, itā€™s up there with the unlicense on it - have fun, go wild.) +[Imgur](https://imgur.com/AXmRPxn) +Just from a rudimentary eye over this, we can see some fairly similar price action between GME and AMC from something like 12:00-13:00 until the end of the day, but the mornings look quite different - GME is moving downwards and AMC is trading pretty sideways. +This is all very well and good doing this by eye, but letā€™s take it up it a notch and code it out. Ā Weā€™ll be using the [Pearson Correlation Coefficient](https://en.wikipedia.org/wiki/Pearson_correlation_coefficient) for this, which should give us a guideline as to how related these two stocks are in their movement. Ā Iā€™m also going to split the day in two - the ā€œmorningā€ or ā€œamā€ is prior to 12:30pm, and the ā€œafternoonā€ or ā€œpmā€ is after 12:30pm. +Our code is here: [ATMOffering02-Correlation.py](https://github.com/jebjoya/jebstonks/blob/main/ATMOffering02-Correlation.py) and we get a result of: +`Morning Pearson: -0.18081255928248074` Ā  +`Afternoon Pearson: 0.8771973125353307` +This shows a clear difference in morning and afternoon - the afternoon being much more closely correlated (positively) and the morning being pretty disconnected. +# A brief diversion into a hypothesis or two +## AMC and GME Diverge only when there is big news +It was at this point that a hypothesis came to me - that the natural state of being of AMC and GME is to broadly track one another (for whatever reason), and any time that this tracking does not happen suggests some change in activity on one side or other (whether that be a squeeze, SHF fuckery or interesting company news, for instance). +So, letā€™s turn this into something - I hypothesise that the days that AMC and GME track each other the *least* (per a Pearson that is closest to 0) will be days where something major has happened for one or other stock. Ā So, to start with, letā€™s find the 5 most and 5 least tracking days since the 14th April (Yahoo Financeā€™s API only provides 5m candle data for the last 60 days, and this is the earliest data possible at time of coding). Ā Code, as usual is available from [ATMOffering03-MostTrackingDays.py](https://github.com/jebjoya/jebstonks/blob/main/ATMOffering03-MostTrackingDays.py) +`Least Correlated:` Ā  +`Date Ā  Pearson` Ā  +`28 Ā 2021-05-24 Ā 0.087472` Ā  +`36 Ā 2021-06-09 Ā 0.108484` Ā  +`11 Ā 2021-04-29 Ā 0.169620` Ā  +`23 Ā 2021-05-17 Ā 0.174076` Ā  +`16 Ā 2021-05-06 Ā 0.198065` +`Most Correlated:` Ā  +`Date Ā  Pearson` Ā  +`22 Ā 2021-05-14 Ā 0.905453` Ā  +`31 Ā 2021-05-28 Ā 0.919137` Ā  +`13 Ā 2021-05-03 Ā 0.919917` Ā  +`29 Ā 2021-05-25 Ā 0.925267` Ā  +`33 Ā 2021-06-02 Ā 0.930533` +So our hypothesis says that the least correlated days should be ones with major events of some description. Ā Letā€™s use [gmetimeline.com](https://gmetimeline.com/) and take a look - 24th May was RCā€™s erection tweet and Lucy Komisarā€™s AMA, 9th June was 6/9, go figure, 29th April was RCā€™s Mr Hankey tweet and the AMA with Dr T, 17th May was RCā€™s tweet of his Grandma and Melvinā€™s 13F with no $GME holdings, and 6th May was the day after both dlauerā€™s AMA and the ā€œdisappearingā€ volume on the lowest volume day of 2021 at the time, along with it being the 3rd hearing of the House Committee on Gamestop. +What do we see here? Ā Well, Iā€™m going to admit - this one is a bit shaky - Iā€™m going to go with this being unproven for now. Ā I like the fact that 6/9 was in the least correlated days, and weā€™re seeing a lot of RC tweets on low-correlation days. Ā On the other hand, 6/2 was the day after DFV came back to Twitter, which perhaps feels like a ā€œbigā€ day for GME. Ā I donā€™t feel like we have *enough* at this point to prove the link, but I leave this hypothesis in here for discussion and potential extension (Iā€™ve only been looking at GME news, and not AMC news - should we look at direction, etc etc) +## Minor Aside +I have more recently run this again using a variant of the code above that does *not* include the absolute value of the Pearson Coefficient - this means that weā€™re looking at the *most negative* correlation (that theyā€™re not tracking). Ā Most correlated remain the same, but least correlated change to: +`Least Correlated:` Ā  +`Date Ā  Pearson` Ā  +`10 Ā 2021-04-28 -0.640546` Ā  +`5 Ā  2021-04-21 -0.473214` Ā  +`27 Ā 2021-05-21 -0.439651` Ā  +`17 Ā 2021-05-07 -0.351925` Ā  +`3 Ā  2021-04-19 -0.225512` +These dates donā€™t exactly scream bigger news days to me than the previous set, but I add this purely to aid discussion. +[ATMOffering03-MostTrackingDays-NONABS.py](https://github.com/jebjoya/jebstonks/blob/main/ATMOffering03-MostTrackingDays-NONABS.py) +## Correlation in Price Action drives Correlation in Volume Spread across the Day +The second hypothesis, and arguably the most important one, is that I believe that the most correlated days will have correlated volume across the day as well. Ā In particular, Iā€™m going to be looking at pre-12:30 vs post-12:30 volume for each of the 5 most correlated days to see whether they look similar. Ā Code is here [ATMOffering04-VolumeCorrelationTest.py](https://github.com/jebjoya/jebstonks/blob/main/ATMOffering04-VolumeCorrelationTest.py) and output is: +`Date: 2021-05-14 GME: 0.6969832013569681 AMC: 0.7186096861005629` Ā  +`Date: 2021-05-28 GME: 0.701353007190714 AMC: 0.717350901193812` Ā  +`Date: 2021-05-03 GME: 0.6604088618964389 AMC: 0.6767881287420806` Ā  +`Date: 2021-05-25 GME: 0.3190856955418446 AMC: 0.4060525168801743` Ā  +`Date: 2021-06-02 GME: 0.5112048987969748 AMC: 0.5640133520495791` +The numbers here are showing the ratio of volume that happens before 12:30 to the whole day. Ā As we can see, when the two stocks are highly correlated (which I hypothesise to be the ā€œnatural stateā€ of them, but was unable to fully demonstrate above), the volume pre- and post-12:30 broadly correlate as well. +# Back to Friday +So, Iā€™ve shown to a limited extent that volume appears to track where the stock price tracks, and I am *suggesting* (but, again, have not been able to fully demonstrate) that this is the natural state of GME and AMC. +So, what do I suggest we do with that information? Ā Well, letā€™s go back to Fridayā€™s data. Ā We can see that the afternoon has a high level of correlation (0.87, almost on a par with the 0.90 of the 5th most correlated day), and the morning a crap correlation (0.18 - worse than the 0.19 on the 5th least correlated day). Ā Iā€™ve also suggested that when correlated, the stock has similar volume. Ā What I am suggesting is that the lack of correlation on Friday morning was caused by excess shares being loaded into the market, causing a deviation from the AMC baseline and downward trend. +How do we work out what the excess is? Ā Easy really - check the percentage of AMC volume that happened in the morning vs afternoon, assume the afternoons should broadly match, and work out what the morning *should* have been for GME if tracking. +Code is here [ATMOffering05-ExcessVolumeCalculation.py](https://github.com/jebjoya/jebstonks/blob/main/ATMOffering05-ExcessVolumeCalculation.py) +And the results: +`AMC Ratio: 0.37143463487609085` Ā  +`GME PM Volume: 5574831` Ā  +`AMC Implied Total Volume for GME: 8869134.873349302` Ā  +`Excess Volume for GME: 6420225.1266506985` +We can see an implied excess volume in the morning for GME of 6.42 million shares. Ā Obviously higher volatility breeds higher volume due to HFTs, but this 6.42m is surprisingly close to the 5m share ATM offering that Gamestop announced earlier this week. +Hear me out... + +Any long term holders here have seen huge climbs, huge falls, surprising days and disappointing ones. We've sat through $40 all the way up to $350 and back down but it's been volatile and exciting. This leads me to my next point though... + +As other users have recently pointed out, any upwards momentum we're getting at the moment is being immediately faced with equal downwards movement. It's slow, it's painful, it's sometimes up 1%, or down 1% - There's just no real volume there. THIS is their last tactic. They know we're not selling if we're down $200, or up $300, but if I were to put myself in their shoes my last hope would be to wear the enemy out, drag it on for as long as possible with little to no price movement. + +I believe this is what we're seeing now, they're trying to make us wait and wait and wait until WE feel the pain, until WE start to bleed. + +Just remember this though: + +THE MOASS IS STILL ON, GAMESTOP IS TRANSFORMING ITSELF INTO A TECH GIANT - WE ONLY EVEN REALLY NEED TO NATURALLY HIT $350 AND THE MOASS COULD TRIGGER ITSELF.TRUST IN RYAN COHEN, TRUST IN DFV, TRUST IN THE STOCK (TITS). + +We didn't come this far to bleed over the finish line. + +Buy. HODL. DRS. +I noticed 1 in every 2 posts have something to do with home buying or saving for a home. + +For those who own homes, what regular maintenance do you carry out? And whatā€™s sorts of problems do you think you should be on the look out for which can grow into major issues if not corrected. + +Just thought itā€™d be interesting to hear what people do. +Hello UKPF. + +Iā€™ve got a tremendous problem. My mother just died a couple days ago. Her estate has almost no liquid assets and her family and other child wants an extravagant funeral. The inheritance Iā€™m set to receive once all of her assets are sold off is not massive, but will definitely aid in me getting my own house and investments in the future. Keep this in mind. + +Iā€™m the executor, along with that other child. Iā€™ve explained to my sibling that the estate is extremely cash poor, and none of her assets are easily sold quickly. + +For reference, she told me she wanted a cremation without a fanciful affair. To me, this means direct cremation/simple without a service, with a memorial held afterwards. I told the family this, and they say theyā€™ve been told she wanted to buried in this dress, that dress, etc. Everyone got a different story, and my version is unprecedented in terms of family tradition. + +They want a full service, plot, large headstone, all done in a specific cemetery. + +My motherā€™s estate has significant debts on some cards, plus her mortgage. Upon looking into this funeral, itā€™s looking to cost around 10% of the total value of her estate, which is insanity. For reference, I am a student, so I have no money to put toward this, and it isnā€™t what she asked for anyway. A cremation would be about .5-1% of her estate. + +Iā€™m not willing to take out a loan as it is extremely unwise. +Iā€™m not willing to take equity from the house either. +I will not put my own money towards it. + +My current plan is to try and gather the disagreeing parties, and inform them of the financial impracticality of their plan. I will then offer them the option of paying for it themselves (without reimbursement, as it doesnā€™t respect her wishes) with a timeframe of 2 hours to summon the cash. If it canā€™t be done, I will have her cremated, using the cash that the estate has. I am willing to contact her church for them to hold a memorial service for everyone to attend (not using estates funds to pay fo this). + +I know for a fact that they will come at me as if I am Satan himself for what I believe to be a reasonable and logical approach to the situation at hand. + +Am I being unreasonable? +https://www.cnbc.com/2020/03/24/gileads-potential-coronavirus-treatment-gets-fdas-orphan-drug-label.html + +A summary of recent events: + +The first phase 3 drug trials are not due until April, likely late April as Gilead had trouble rapidly getting early access to candidates in hubei province that met their strict criteria (not using alternative treatments) + +Trials were also initiated in the US. + +Amongst these trials, Gilead was also giving the drug out on a compassionate use basis to high risk/ high need patients. Just yesterday Gilead cancelled this, as they were flooded with requests for compassionate use, while still struggling to have enough candidates for their phase 3 studies. Their goal is to finish the studies first, and then if those are promising, to have enough of the drug able to be manufactured for the most advanced/high risk patients. + +Orphan drug status is normally designated for rare diseases. This will become political quickly, as GILD is a part of the president's task force, and will be seen as nepotism or cronyism. I'm sure they will get lambasted in the media if the cost of the drug is prohibitively high, or if there is limited supply of the drug. There is certain to be limited supply. + +Again, studies are not out until April, hopefully early in April. It's very likely these could come out in late April. In February, analysts determined the windfall from this potential FDA approval would only land Gilead 2.5 billion in conservative estimates. + + + +Tldr: this will get ugly and political if this drug is approved by the FDA and gileads drug is effective against the Wuhan clan. If you're going to buy Gilead, buy it for their immuno oncology pipeline, or for their Blockbuster HIV franchise. Or buy Gilead because of their healthy cash flow, or their strong balance sheet. Or buy it for their cash horde. If this becomes a windfall for GILD, they're going to need to price their drug at 200 a month or lower to avoid regulatory scrutiny. +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 stopped looking at r/personalfinance a while back because I was depressed by all the posts like ā€œI finish college next week and have been offered a $95k / year for a graduate roleā€. Iā€™m 29 and Iā€™ve got what I think of as a good job earning Ā£38k, which is alright for my area far from London + +I just saw a post on there now though, that said a waitress working a 12 hour shift with tips can expect $200 per day. Hypothetically, doing five a week, thatā€™s $52,000 year or Ā£39k, which I think is brilliant! + +I know this is a completely hypothetical where someone is working a lot of hours. + +And I know things like this depend completely on cost of living of the area, and cost of living is much higher in say New York compared with Newcastle. + +But do Americans earn more generally speaking across all fields? I feel the cost of living can only account for so much if I could earn more money, almost Ā£40k, serving coffee stateside + + +I'm a M48 living in the Midlands. Currently earning Ā£45k pa as a software engineer although this should rise slightly in the summer, also bonuses of around Ā£9k pa paid directly into work pension. I try to get as much as I can into my ISA and SIPP. + +&#x200B; + +I own a 2 bedroom end-terrace house - paid off mortgage about 10 year ago. Purchased for Ā£51k in 2001 - probably worth Ā£140k-Ā£150k now after a little bit of work. No debts - just bills. + +&#x200B; + +I moved into my long-term gf's house temporarily 8 months ago due to her health/medical problems, and we've decided I should make it a permanent move. I will be setting up a direct debit to give her money each month to help with bills. + +&#x200B; + +I need to decide what to do with my house. I think I would get around Ā£7k-Ā£8k pa rent. I would use a property management company so would see maybe 10%-15% deducted for their fees, and then obviously tax - I would move into the 40% tax band. If I sold it I'm not sure what I'd do with the lump sum apart from make sure my ISA and SIPP allowances were fully used each year. + +&#x200B; + +Any advice? + +&#x200B; + +EDIT: + +&#x200B; + +Thanks to everyone who posted. Lots of valuable information there. Pros and cons for both pathways. I must admit I'm even more unsure about what to do now. +Lately a friend who I work with has started to post on social media about a 'miracle coffee' that supposedly lets you lose up to a stone in 2 weeks or something ridiculous. She seems to have been 'recruited' to sell this product because a saw a status from some woman welcoming her to the 'team'. The whole reeks of a multi-level marketing pyramid scheme. + +I'm worried she's gonna sink loads of money into this and never see a penny of it again, do I straight up mention it to her? She'll likely get angry and defensive about it, but other members of my team at work have been talking about it and are pretty worried she's getting taken for a ride. + +Sorry if this is the wrong sub to ask about this. +I found out about "Mike and Lauren" through this forum, but haven't found much else that's very helpful. I'm at the point where everything on TV is stupid/pointless/unhelpful and NetFlix is not something I can just turn on for 20 minutes during a meal and learn something new and helpful. + +Any suggestions? +I expect the market to price in the discussion of banning Russian oil imports, sending oil prices higher. The two things I find interesting are how Europe feels pressure from stories of civilian casualties, and the idea of sanctioning Russian oil without impacting Russian gas. Until this is resolved, I expect higher oil prices and maybe some stock losses in trading Monday, March 7. + +"*Secretary of State Antony Blinken says the United States is talking to its European allies about banning Russian oil imports."* + +[https://www.aljazeera.com/news/2022/3/6/us-in-active-discussion-to-ban-russian-oil-imports-blinken](https://www.aljazeera.com/news/2022/3/6/us-in-active-discussion-to-ban-russian-oil-imports-blinken) +Hi all + +I've spent some time in the last few days updating the flowchart, and feedback would be great. Sometimes it's hard to see the wood for the trees! + +The current version is here: [https://i.imgur.com/8wul4Fe.png](https://i.imgur.com/8wul4Fe.png) + +The latest updated version (work-in-progress) is here: + +[https://i.imgur.com/JMlF3lo.png](https://i.imgur.com/JMlF3lo.png) + +Ignore the date, that's preserved to keep permalinks working. + +The raw material (in zipped HTML form) is here: [https://ukpersonal.finance/ukpfflowchartsource/](https://ukpersonal.finance/ukpfflowchartsource/) + +We have used [draw.io](https://draw.io) to make this. + +All credit to /u/gordoncopestake for his hard work creating and maintaining the flowchart for so long! + +All feedback welcomed! +Hello everyone! +I have an extra 2000$ that I can contribute too my TFSA. I currently own 9 Canadian companies each approximately 2000$ invested in them. The list includes: ENB, TRP, CM, RY, CNR, EMA, SU, CNQ, SNC. I am looking for one final stock to add to my portfolio. Any suggestions? I'm 21 and in it fit the long-term. Or which of these companies should I add an extra 2000$ in? +Thank you! +Starting to look tasty. Jumps under 30 and it will be the buy of a lifetime. Great balance sheet and little exposure to poor oil prices. 98% of there cash flow comes from locked in long term contracts. +Hello r/CanadianInvestor! + +Whatā€™s the subā€™s general sentiment on gold, and more specifically Kirkland Lake? The recent slide in $KL (currently trading under $50 a share and a > 30% fall in 3 months) makes me think the stock is being oversold to invest in growth, tech, etc partially due to the vaccine news. I own about 100 shares of $KL at a $56 average price and Iā€™m fully confident in holding, or perhaps even adding to my position as this is potentially a great buying opportunity. + +Yes, we have a vaccine that is coming and we all hope the world is back to normal sooner rather than later. But the reality is the logistics and distribution will be a nightmare, not just in Canada but especially in the US. Youā€™d be silly not to be exposed to gold in your portfolio right now and hereā€™s a few thoughts as to why. Iā€™d love to hear additional inputs or whether my rational is sound or if you disagree. + +1) Weak USD: https://www.wsj.com/articles/investors-bet-on-more-dollar-weakness-11606386601 + +2) Hedge against inflation. With all the money printing that has already happened earlier this year (23.6% of all USD have been printed in 2020), changes to monetary policy, a massive federal deficit, pent up demand due to quarantine restrictions, inflation should be expected in the short term. https://finance.yahoo.com/news/inflation-way-2021-means-170015175.html + +3) Low/ Negative Real Interest Rates. This will last several years. The price of gold in year-over-year percent change terms tends to inversely correlate strongly with real interest rates, as measured by the 10-year Treasury yield minus the official inflation rate. + +4) Economic Uncertainty. This one is obvious, nobody knows whatā€™s going to happen to the markets in 2021. Weā€™re riding ATHā€™s and thereā€™s talks of bubbles, crashes, etc. The economic impact of COVID19 will have an impact for a long, long time IMO. + +5) Expected Stimulis. Liberals expected to continue spending in Canada. Diversifying with gold seems like a logical move, especially when you also tie in the expected US stimulus package (whether or not itā€™s before or after the Dems are in office is TBD) + +I look at Kirkland as a fantastic company. Major gold miner in Canada. National bank recently upgraded $KL to outperform the sector ($72 target price), projected to continue aggressive growth for the next few years, expansion of mines which will become operational in the next few years, pristine balance sheet (sitting on 848M in cash and over 1B in current assets.. over 349M from prior quarter), 276M in free cash flow. With that type of cash, the company can increase their dividend, share buy backs, acquire more mines and expand even further. + +Solid company. I expect gold to trend up for the next few years. What am I missing? +Hello guys, + +I was wondering if someone has some tips for managing your portfolios actively when you have a full time job and a family. + +I currently manage my and my wife's TSFA as well as a personal RRSP (WS Trade). I also manage my son's RESP and RDSP (TD Web broker). + +Thank you. +I bought them in the dip around $6.20 and now theyā€™re at $7.30. I also work in pizza pizza ( as a cook šŸ‘Øā€šŸ³ ) and I think they are doing okay in this time. I wanna know your thoughts about them. +I started investing recently, and after some research, decided to pretty much go all in on index funds. 90% of my investments are in XEQT at the moment, with the rest being in ENB and BAM.A. Since XEQT is already so inclusive, I'm wondering, is it worth it to divert some funds into reputable, blue chip Canadian stocks that pay out dividends? For reference, my horizon is around 20-25 years. + +Thoughts? And if so, what are some good options to supplement XEQT? + XYZ Corp- $370 call July 1 exp-$.60 + +XYZ Corp- $370 call July 15 exp- $2.30 + +An hour later XYZ is ITM at $371. If my first call is now up 10% and worth $.66 is it reasonable to expect my second call to be up 10% and worth $2.56? + +If yes, then if I am just looking to sell my options before market close and a quick 3% profit, does it really matter if I buy a 10 day option versus a 15 day or 30 day? Will they all increase in value at the same rate? +ā€œRetail has been plowing into these oil contracts thinking theyā€™re buying spot crude oil when theyā€™re buying the next front month. So theyā€™re paying $22 a barrel when the spot marketā€™s negative $38. Retail investors are going to get fleeced if they continue to fly into these oil ETFs,ā€ he said Monday on CNBCā€™s ā€œClosing Bell.ā€ + +https://www.cnbc.com/2020/04/23/short-sellers-make-nearly-300-million-betting-against-retail-investors-favorite-oil-fund.html +Hey there! + +My fiancĆØ and I got engaged this year. I've been getting a lot of conflicting advice about how to handle his student loans. Some people say once we are married we work together and pay them off others say they are his responsibility and not to help. Any advice? +Hey, no judgement please. I am currently enrolled in university and I canā€™t get a job because I have depression and anxiety and go to therapy weekly because of it. Itā€™s terrible. Theyā€™re also testing me for bipolar and have recently diagnosed me with ADHD. (I got diagnosed when I was young, but my parents said the doctors were wrong). I am so broke itā€™s not even funny. I canā€™t afford anything. I donā€™t have friends so not being able to afford to go out isnā€™t really an issue. I get paid $300 a week from the government, $200 of that goes towards rent/bills. The remaining $100 a week goes towards food/gas/etc. I was just wondering if thereā€™s any advice anybody could give me? I feel really alone and I donā€™t want this to be my life for the next 4 years while I study. I am trying to save enough to eventually borrow from the bank to buy a house in Australia because there is a house and land package for 400K and itā€™s a 4 bedroom which means Iā€™d eventually be able to start my own family without worrying. Howeverā€¦ as you can clearly see my dilemma, with being left with only $100 a week, and my phone bill being $172 a month (because I was stupid and bought it on a plan I canā€™t get off yet) - you can see how I would have absolutely no savings at all. I donā€™t tell anybody about my financial situations and everyone thinks Iā€™m doing way better. I just need some financial advice because I feel like Iā€™m doing it all wrong. + +Thanks in advance. +Sorry for the kinda long post. +Come December I will be looking to purchase a house. Early this year I started investing in ETFā€™s and will need to use that money for the down payment. + +Does it make more sense to leave them until it has been a full year or sell all of my shares now and move that money into a high-yield savings account? +Iā€™m a huge nerd with finances, but I have yet to see an advanced flow chart or calculator that makes this decision easy. A lot of resources Iā€™ve researched are the typical ā€œin most cases, Roth is better.ā€ I get it depends on several different factors, but whatā€™s the best resource to use to make sure youā€™re on the right path? I always see on Reddit that a lot of people actually choose Traditional for a variety of different reasons. What are your thoughts? Any resources you can provide that will help me with my choice? +Ok so this is how it is. + +My girlfriend gets Ā£560 a month (give or take) from the government. This is essentially for working tax and other things. She gets this basically for working and such. Its sort of free money. + +Now my girlfriend works a job that she earns around Ā£460 a month (give or take) + +I also work that exact same job in which I earn Ā£480 a month same applies for above. + +My girlfriend asks me to go halves on the below (monthly bills): +* Ā£90 Rent For Month +* Ā£30 Council Tax +* Ā£80 Electric & Gas + +I have been until I recently realized that the Ā£560 she gets from the government essentially should pay all of that. I have been left with Ā£150 (give or take) where she originally has all of her work pay for luxuries and such. + +am I in the right to say no to atleast paying halves on the council tax and rent!? +I took out a $255,000 mortgage a little over a year ago. It is a 30 year 3.25% fixed VA home mortgage. I don't have any other debts besides my mortgage, and I have my emergency fund built up. My question is...should I pay an extra $1,100/month and have it paid off on 07/2029 (my 50th birthday) and save $87,000 in interest payments, or should I invest the $1,100/month and stick to my regular payments. I understand 3.25% is a low rate and I can probably do better investing over the long run, but I would like another opinion. +I'm not going to repeat any cookie cutter advice you'll get from online. This is the real deal, from reading the tape for 5 years. + +1. If a stock is being hit by accounting issues, SHORT IT, preferably with option spreads or diagonals 2-3 months out. Rarely do they ever recover right away. + +2. If you want to get into a stock during a correction, wait for the first UP DAY before even think about getting in. If the stock is below 50 EMA, then sell as soon as it fails the retest at 50 EMA if it gets there. Keep holding if it busts through 50 EMA. (20 EMA is the first test) + +3. The above statement does NOT work as well for identifying tops. TOPS are FAR MORE DIFFICULT to catch, and it's a loser's game. + +4. If a stock reaches 52 week highs based on 1-2% gains a day, DO NOT short it. They go even higher most of the time. (How did apple get to 600? by hitting 52 week highs day after day) + +5. However, parabolic moves are worth catching, but wait for the first down day, while keeping an eye on 50 EMA support. TZOO april 2011 is a fine example. + +6. If a stock keeps hitting support repeatedly, short it. May 2010, BP, after the oil spill. + +7. Don't even pay attention to P/E. It's a pretty worthless metric. I've seen it over and over again where folks use P/e to justify their purchase. I've yet to see P/e move to their imagination. + +8. Don't make decisions during the day. Plan it out when the market is closed. + +Edit: + +9. This one is often overlooked. Keep more money in your bank account than trading account. It feels good knowing you have more cash elsewhere. This takes off a lot of stress psychologically. + +Edit: + +- Don't trade earnings. Extensive DD may increase your chances but even then it's complete gambling. +- If you're going to speculate with options, buy spreads, which aren't as effected by time decay. Buying OTM singles is the easiest way to lose money. +- If you ever catch yourself worried about your position, you probably committed too much of your capital. Get used to have a position so small relative to your total account value that it's almost a waste of time. E.g., $200,000 account, with only $3k in a trade. +- Before you enter a position, know your exit. If you shorted or went long at the 50 EMA, and the next day it busts through, know right away if you're going to exit or hold at the open, to end of day and exit, or hold for 3 more days then exit. If you lose, you lose. Go on to the next trade. + +Edit: + +This isn't the end all be all to trading, which doesn't exist. No, this is barely scratching the surface. There's a few that have mentioned the best way to go about making money from the markets and outperforming the S&P is to understand fundamentals, balance sheets, cash flow. This is completely true, but, this is just ONE of the many skills you can have at your disposal. Besides, if a company has great fundamentals, chances are it's making 52 week highs and you would've already known that from the technicals. + +Think of it this way - how many of you understand the mechanics of Diablo from Blizzard? There are items in the game that improve certain attributes, adding % chance. Trading, and life in general, works in similar ways. Every bit of knowledge, every bit of experience, adds to your % chance of winning a trade, but you will never reach 100%. Understanding fundamentals will certainly help, which goes back to my #1 lesson learned of don't buy into stocks that have had accounting issues. (DMND, GRPN so far at least, LFT) + +In the coming days, I will walk through some annotated charts putting what I've learned in action. I am doing this because I genuinely enjoy it, and some of what I learned has been taught to me by a mentor I met while posting on yahoo so I want to pay it forward. He has since died from a heart attack. + +Edit: + +- Just saw this today on MNST and it reminded me - do not initiate a long position when a takeover rumour is out. 99.9% of the time takeovers don't leak. + + +You know how I know I love GME? I just read this entire paper on dark pools on my muthafuckin birthday bitches. Figured this ape is getting older, need to gain more wrinkles in this ape brain. + +Okay [THIS](https://www.vipsight.eu/images/Sharks.pdf) paper is on HFTs (High Frequency Trades) and Dark Pools: + +[High-frequency trading and dark pools: sharks never sleep](https://www.vipsight.eu/images/Sharks.pdf) + +Needless to say I was lured by the title. **I have posted this as a summary and condensed version of the paper for you apes to hopefully gain some insights from this information that we may be able to use in deepening our understanding of the effects these dark pools are having on GME, and really the market as a whole.** + +&#x200B; + +# What is High Frequency Trading (HFT)? + +HFT employs sophisticated computer programming to execute stock transactions at extremely fast speeds in order to take advantage of small and often momentary changes in stock prices. + +With this new-found acceleration, the capacity of exchanges as measured by order messages per day has gone from one million in 1995 to hundreds of millions by 2009, and during the same period throughput as measured by messages per second has gone from 20 to over 100,000. + +# Okay so how is High Frequency Trading related to dark pools? + +**High-frequency traders (HFTs) use different trading strategies but there are some common characteristics,** including trading on their own account rather than on behalf of clients; utilising high-speed computer programs to generate, route and execute orders rapidly on multiple exchanges; maintaining unhedged positions for small fractions of a second; and submitting high rates of orders that are cancelled before the order is executed + +**In order for these trading strategies to work high-frequency traders need a speed advantage.** **To achieve such speeds, these traders pay to ā€œco-locateā€ or ā€œcross-connectā€ their trading computers in the buildings of public exchanges or ā€œdark poolsā€** in order to increase the speed with which they receive information, enabling the traders to rapidly place and cancel orders. + +ā€œThose speed and technology advantages allow high frequency traders to profile the pending orders on an exchange in order to detect the presence of large pending orders, usually from institutional investors. This ā€˜information leakage,ā€™ allows high frequency traders to trade ahead of an anticipated stock purchase or otherwise have an impact on price. This strategy is sometimes referred to as ā€˜latency arbitrage,ā€™ because the trader is seeking to exploit the relative slowness, or ā€˜latency,ā€™ in the transmission of market data experienced by other participants. Barclays itself commonly labelled these types of high frequency strategies as ā€˜toxic,ā€™ ā€˜predatory,ā€™ or ā€˜aggressive.ā€™ + +# But what...actually...is it..? + +In addition to the 11 public stock exchanges in the United States there are dozens of privately owned and operated trading venues, including venues known as **ā€œdark poolsā€.** Public stock exchanges match tens of millions of orders to buyers and sellers each day, and these are generally visible to participants, and executions of orders are posted immediately. Public exchanges immediately display to the market the submission of pending stock orders; dark pools do not. + +**ā€œDark pools, defined** in contrast to ā€˜litā€™ trading venues where trading intentions and activity are visible, provide access to non-displayed liquidity. A dark pool is an OTC (over-the-counter) venue for reporting purposes, which has the practical value that unmatched trade orders are not displayed on an open order book. The use of dark pools is typically found where disclosure of trading intent might prove injurious to price efficiency. **For example, moving a large block of shares onto the market might impact counterparty pricing; feeding the same block through a dark pool (in smaller lots) will conceal the size of the overall trade** (annnnd we know this because we be dealing with this erry gaddamn day) + +**A quote from Thomas Caldwell on dark pools:** + +ā€œLarge institutional investors know that if they start trying to push through a large block of shares at a certain price ā€“ even if the block is broken into many small trades on several ATSs and markets ā€“ they can trigger a flood of high-frequency orders that immediately move market prices to the institutionā€™s disadvantage. ā€¦ Thatā€™s why institutions have flocked to so-called dark pools operated by ATSs such as Instinet, and individual dealers like Goldman Sachs. The pools allow traders to offer prices without publicly revealing their identities and tipping their hand.ā€ + +**ā€œBecause these large, dark pools are opaque to other investors and to regulators, they inhibit the free trade that depends on open and transparent auction markets to work, but are considered by institutional investors as a safer place to trade than the open marketā€** + +\- HOW THE FUCK THIS IS NOT ILLEGAL IS BEYOND MEā€¦ANYWAY + +Okay so thereā€™s this one specific dark pool started by Barclays: + +ā€œIn October, 2013, Barclays prepared a trading analysis for a major institutional investor that services millions of individual accounts both inside the United States and abroad (ā€˜Institutional Investorā€™). + +The analysis determined that: + +ā€¢ Approximately 88% of this Institutional Investorā€™s sampled trades in dark venues were executing in Barclaysā€™ dark pool; + +ā€¢ Approximately 60% of the trading counterparties for the Institutional Investorā€™s sampled orders were high frequency trading firms.ā€ In preparation for a meeting with the Institutional Investor to explain these findings, two senior Directors prepared a PowerPoint presentation that included the results of the trading analysis. **Two days before the scheduled meeting, one of those Directors was called into a meeting with senior leadership in the Equities Electronic Trading division, who instructed him not to disclose the findings to the client. According to this Director, ā€˜there was no suggestion at that meeting, or at any other point, that the analysis was wrong,ā€™ merely that it should not be shared with the client because it reflected poorly on Barclays.** (god I hate these cunts) + +**Distinct types of HFT firms include:** + +1. independent proprietary firms, which use private funds and specific strategies which remain secretive, and may act as market-makers, generating automatic buy and sell orders continuously throughout the day; +2. broker-dealer proprietary desks, which are part of traditional broker-dealer firms but are not related to their client business, and are operated by the largest investment banks; and +3. hedge funds, which focus on complex statistical arbitrage, taking advantage of pricing inefficiencies between asset classes and securities. + +Agarwal distinguished high-frequency traders from the rest of the market, which generally employs algorithmic trading: ā€œHigh frequency traders typically act in a proprietary capacity, making use of a number of strategies and generating a very large number of trades every single day. They leverage technology and algorithms from end-to-end of the investment chain ā€“ from market data analysis and the operation of a specific trading strategy to the generation, routing, and execution of orders and trades. What differentiates HFT from algorithmic trading is the high frequency turnover of positions as well as its implicit reliance on ultra-low latency connection and speed of the system. + +**So whatā€™s even good about dark pools?** + +ā€œAs noted, the defence of HFT is built around the principle that it increases liquidity, narrows spreads and improves market efficiency. The high number of trades made by high frequency traders results in greater liquidity in the market.ā€ + +# But there are critical differences between high-frequency traders and traditional market makers: + +ā€¢ High-frequency traders do not have an affirmative market-making obligation, ie. they are not obliged to provide liquidity by constantly displaying two side quotes, **which may translate into a lack of liquidity during volatile conditions** + +ā€¢ High-frequency traders contribute little market depth due to the marginal size of their quotes, which may result in larger orders having to transact with many small orders, and this may impact on overall transaction costs. + +ā€¢ High-frequency trader quotes are barely accessible due to the extremely short duration for which the liquidity is available when orders are cancelled within milliseconds. + +# HFT Risks + +..There are more deliberate aspects of HFT strategies which may present serious problems for market structure and functioning, **and where conduct may be illegal, eg. order anticipation seeks to ascertain the existence of large buyers or sellers in the marketplace and then to trade ahead of those buyers and sellers in anticipation that their large orders will move market prices** (literally what is happening every gaddamn day) + +**HFT strategies can resemble traditional forms of market manipulation that violate the Exchange Act according to the SEC:** + +1. Spoofing and layering occurs when traders create a false appearance of market activity by entering multiple non bonafide orders on one side of the market at increasing or decreasing prices in order to induce others to buy or sell the stock at a price altered by the bogus orders. +2. Painting the tape involves placing successive small numbers of buy orders at increasing prices in order to stimulate increased demand. +3. Quote stuffing and price fade are additional HFT dubious practices: quote stuffing is a practice that floods the market with huge numbers of orders and cancellations in rapid succession which may generate buying or selling interest, or compromise the trading position of other market participants. Order or price fade involves the rapid cancellation of orders in response to other trades. + +# When HFTs go badā€¦. + +ā€œOn 6 May 2010 the prices of many US-based equity products experienced an extraordinarily rapid decline and recovery, as major equity indices in the securities and futures markets plunged 6% in minutes, and then quickly rebounded: ā€œThe so-called ā€˜Flash Crashā€™ sent shockwaves through global equity markets. The Dow Jones experienced its largest ever intraday point fall, losing $1 trillion of market value in the space of half an hour. History is full of such fat-tailed falls in stocks. Was this just another to add to the list, perhaps compressed into a smaller time window? No. This one was different. For a time, equity prices of some of the worldā€™s biggest companies were in free-fall. They appeared to be in a race to zero. Peak to trough, Accenture shares fell by over 99%, from $40 to $0.01. At precisely the same time, shares in Sothebyā€™s rose three thousand-fold, from $34 to $99,999.99.ā€ + +**This near disaster resulted when a large fundamental trader, against a backdrop of unusually high volatility and thinning liquidity, initiated a sell programme to sell a total of 75,000 contracts (valued at approximately $4.1 billion) as a hedge to an existing equity position.** The trader executed the sell program via an automated execution algorithm (the ā€œSell Algorithmā€) that was programmed to feed orders into the market to target an execution rate set to 9% of the trading volume calculated over the previous minute, but without regard to price or time. + +With the Sell Algorithm only targeting trading volume, and neither price nor time, it executed the sell program in just 20 minutes, and chaos ensued. Many of the US marketā€™s 8,000 individual equities and exchange-traded funds suffered price declines of between 5% and 15%, while over 20,000 trades across 300 securities were executed at prices more than 60% away from their values moments before. In the midst of this chaotic algorithmically programmed frantic buying and selling, the high-frequency traders were buyers of the initial batch of orders submitted by the Sell Algorithm; however, as conditions rapidly deteriorated ā€œlacking sufficient demand from fundamental buyers or cross-market arbitrageurs, HFTs began to quickly buy and then resell contracts to each other ā€“ generating a ā€˜hotpotatoā€™ volume effect as the same positions were rapidly passed back and forth. Between 2:45:13 pm and 2:45:27 pm, HFTs traded over 27,000 contracts, which accounted for about 49 per cent of the total trading volume, while buying only about 200 additional contracts net.ā€ + +**The joint report from the US SEC and the US Commodity Futures Trading Commission (CFTC) concluded one key lesson is that under stressed market conditions, the automated execution of a large sell order can trigger extreme price movements, especially if the automated execution algorithm does not take prices into account.** + +ā€œThe SEC developed a circuit breaker to pause trading across US markets in a security that has experienced a 10% price change in the previous 5 minutes, and on 10 June 2010 approved the application of this circuit breaker to securities included in the S&P 500.29 (ayeee theres our SSR comin in). But guess what, even with SSR, all of these trades are still going through the dark pools... + +However, it is clear that neither financial markets nor regulators fully comprehend the potential impact of HFT, or regulate its activity in any meaningful way, powerfully illustrating that we still have got a lot to learn from the recent financial crisis (this paper was published in 2010).ā€ + +&#x200B; + +&#x200B; + +&#x200B; + +What does all of this mean? Tbh, it is hard to connect these dots in a precise way to understand exactly what is happening to who and when, but SOMETHING is happening. We are seeing JP Morgan sell 13 BILLION in treasury securities, this means they need to increase their liquidity, and this is also helping MMs like Citadel increase their liquidity as well now that those bonds are out in the market. More bonds= more liquidity. If they need this much liquidity, they must be lacking it elsewhere. I hope that I am wrong, and that we are not witnessing the beginning of a market crash, but there are lots of similarities here with 2008. Everything is built on this house of cards that USED to be the housing market, and now is US securities (particularly 10 year bonds). Iā€™m just a dumb ape, but seems to me everything is going to be royally fucked if the markets main source of liquidity (US Treasury Securities) goes to shit because it has been devalued by the amount they have been oversold. Also hoping some wrinkle brains can read over the dark pool info and gain some insights. Please share if ya do. Thanks apes. +It just doesn't seem realistic to hear of house prices dropping to an affordable level any time soon. Apartments are at least still within my reach. Should I just buy an apartment? The only other thing is justifying Strata costs... +My partner is with UniSuper and forwarded me an email she received this morning notifying her that +"From July 2021 ... anyone from outside of the higher education and research sector will be able to open a UniSuper Personal Account." + +I have heard good things about UniSuper and the sentiment on r/AusFinance seems pretty positive, so I'm considering registering interest (currently with AustralianSuper). + +Curious what you all think about the change? Would you consider swapping over? +I have no idea of the offering will be the same, and the email said nothing about whether abutting else would be changing (e.g. fees etc.) +I keep seeing ex-WSB types on here discover options, enter complex multi-leg trades that they barely understand, and lose a hecking lot of money. + +Please start low and go slow, people. Sell covered calls or, at most, run the wheel, but only on undervalued stocks that you would actually want to own long term. And most important of all: donā€™t trade anything without fully understanding what youā€™re doing, how it works, and why youā€™re doing it. + +We all have had our own trading journeys of mistakes and successes to get to profitability, but for the newcomers, please make sure that you proceed with caution so you still have an account at all someday. +Here the link to the news! + +https://www.marketwatch.com/story/a-27-year-old-truck-driver-just-became-robinhoods-first-big-headache-of-2022-11641856157 +Hi everyone! +I wanted to post my first FIRE entry after hitting 100k last week. + +Retirement Net Worth: **103K** + +* 401K: **56K** +* Roth IRA (FNCMX): **18K** +* Index Fund (SWPPX): **29K** +* I have a savings account/emergency fund but it's under 10K. + +My current goal is 200K by end of 2022. I think my current FIRE number is $2M and would love to retire before 50. + +2017: Graduated University of Virginia with an Economics degree. Feel free to throw an asterisk on my story because I graduated without student loans since my parents were able to save for my higher education. I also lived at home in NY from 2017-2019 until I moved to the UK. + +* Sept 2017: **55K** - Starting Salary. Bonus range 0-10%, N/A first year. +* March 2019: **63K** - Raise +* November 2020: **76K** - Raise + +I won't go into my whole life journey, but I'm happy to answer any questions in the comments. July 2019 I moved from the US to the UK team of my company on a Tier 2 Intra Company Visa. I can't say I completely understand my pay structure, but I had my company keep me on both payrolls so I could contribute to our 401K. I pay Social Security and Medicare, and Income Tax (UK), everything else is exempt and paid (if needed) EOY during tax season which I already used a tax firm for. + +Here is my breakdown of my 83K salary (76K+7K Bonus) + +* Taxes: 13K (16%) +* Rent & Utilities: 23K (28%) +* Savings: 40.5K (**49%** savings rate) -401K: 19.5K at a 26% contribution -IRA: 6K -Index Funds: 15K (usually at $1,300 a month) +* Spending: Remaining 6.5K (8%) + +I only was eligible to start contributing to my 401K after 1 year at my company, so that's when I started saving. I learned about FIRE about a 8 months ago. I'm currently just enjoying my time in London for the next 2 years on my visa. I don't expect any further big pay raises beyond yearly inflation adjustments because I'm now at the top of my Client Associate/Data Analyst ladder. Honestly I like the UK so much, I dread the idea of paying into a HSA or 529 plan because its free over here... (crossing my fingers things work out with my UK girlfriend haha) + +I also work on a small Belt start up with friends but that's more a money sink! + +I check WSB on the reg to remind myself that This Is The Way. + +Edit: All numbers in USD. +Edit: Formatting +Congrats to anyone who got in early when it was posted a couple of months ago. Still plenty of time as the market cap is still low. + + āƒ AMA takeaways yesterday : + +āƒ Cross-chain swaps on Binance go live 28th Jan (balances provided by Binance) + + āƒ Loopring + zx-snarks integrations + + āƒ Developing their own L2 solution + + āƒ Instant swaps in February + + āƒ Mobile version after BSC implemention + +āƒ Top exchanges will be contacted in February/March + + āƒ Staking + + āƒ The team is hiring more devs and expanding overall + + āƒ First buy back of 2021 tomorrow, $6000 in total and added to liquidity, buybacks will continue regularly + + āƒ As always DYOR but this is a moonshot IMO. + +For anyone who hasnā€™t heard yet Here are some great things about RBC: + + āƒ innovative dex, first mover in multiple areas + +āƒ multi-chain DEX and will soon add instant cross-chain trades + + āƒ will connect to dev team's previous project myWish, making it the only exchange with create and list your token function, among other unique functions + +āƒ integration scheduled with binance, EOS, NEO, okex, etc. + +āƒ Layer 2 incoming + + āƒ 100% anonymity when trading + +āƒ liquidity pool and staking coming + + āƒ non anon dev team + + āƒ audited + + āƒ $18m market cap + +You can do your own research here: + +Website: https://rubic.finance + +Product: https://rubic.exchange + +Twitter: https://twitter.com/cryptorubic + +Telegram: https://t.me/cryptorubic_chat + +Good luck and strap in! + +Edit: formatting +I need some help here. + +My husband was transported from our work to the hospital (less than 5 miles) on 7/1/19. We have been fighting with the ambulance service since that time, trying to get them to properly bill insurance so that we can pay the outstanding balance. Come to find out, initially, they billed the service under the wrong name and date of birth, but with the right social security number. + +I called and got that fixed once I located the company who transported him. I've called several times since then, and my insurance has called them, and each time they say that they are billing the insurance...but they never do. I don't know what else to do. I emailed them essentially demanding a breakdown of the bill that has now been sent to collections. + +I am so frustrated. I lose this insurance in May of 2020, and I need to get this resolved before it's no longer valid. How do I make them send me a bill? I never thought I'd have trouble PAYING a company lol. +I signed a 12 month lease and rent is $1400. It's a big house. + +I looked over the contract and to break the lease I would have to pay 2 months. + +Should I try finding another job in this city and stick it out for another 9 months? + +Or move somewhere more affordable in the $700 range? +Hey Reddit, +I am getting kicked out of my home as soon as I turn 18, all due to my horrible decision making. It's quite frankly surprising how badly I managed to fuck up my life at the ripe, young age of 17. To give you guys a quick recap of the past 4 years of my life, I have gone through 3 different rehab facilities, been suspended from school 3 times in total, and my most recent fuck up has been an expulsion. I can not, in good conscience, harbor any resentment towards my mother for choosing to abandon her child. I have been nothing but a nuisance and am constantly burdening her with my relentless issues and problems, all of which are drug related. + +I am now in the process of figuring out what I want to do with my life. My mom and stepfather have concluded that I can no longer continue staying at our home and are currently searching for a residential program to enroll me in. I'm being told to start making plans for what I shall do once I'm released from the program. In all honesty, I can't even begin to imagine how I'd financially support myself when I haven't even received a diploma yet. Despite being an honor roll student through out most of my high school career, I'm quite far from receiving my diploma due to a lot of missing credits from multiple rehab stints and lots of absences. I'm not the least ready to become self sufficient at this point of my life at this moment nor will I in 8 months from now. I began brainstorming and here are some viable options that came to mind so far. + +1. I could enlist in the army. If perhaps, I manage to obtain my diploma in the residential program (or GED) and I meet majority of requirements. It'll also serve as a good opportunity to become more disciplined and I'd be pretty isolated from drugs or at least in the first couple months. I'm not very certain if I could work the 12 steps from the army to its full potential but I can definitely make an attempt to do so. I'll also be earning a considerable amount of money as I'm going through basic training and if I choose to progress farther in rank, it'll accumulate into a substantial amount which can be very convenient once I'm discharged and in search of a place to stay. + +2. I could apply and start living in a half way house. A half way house is a sober living home, in which you live with multiple people, all of which suffer from substance abuse issues. You are required to go to meetings and work the steps, are drug tested weekly and must have some sort of a job in order to pay the weekly rent of 115-200$. Although I'm not quite sure what to expect from a place such as this, it all depends on what sort of community resides in each one. I'd say it's mostly a hit or miss and it might take a while to find the right one with the right support network. I might be able to take online college courses as well which I may be able to convince my parents to pay for with the promise of reimbursing them later on. But again, I feel like living in a home surrounded by struggling addicts might not be the best way to go. If for instance, I come there one day and walk in on someone getting high, who's to say I wouldn't succumb to the temptation. It's pretty risky but then again, I'm not very familiar with all the aspects of these places so I may just be projecting the wrong image of these homes. + +3. I move back to Russia and live with my grandmother who could provide an okay paying job and a home for me. All of my relatives besides my mother are currently living in Russia and I lived there myself up to the age of 11. It'll be very depressing however having to go back. It's frankly very sad having arrived here, so excited to enter the land of freedom and opportunity, and returning so broken and miserable. However, if my drug use persists (which in all likelihood, it will without proper work), the drugs in Russia are far more dangerous and deadly than they are here. If I begin meddling with heroin and crokodil and spice, I doubt I'll live to see past 20. + +So far these are my most viable options, any suggestions are welcomed. The most significant component of all these scenarios is that I maintain sobriety which I hope I manage to attain. I still can't believe that my life has come to this point but there's no use dwelling on the past nor do I have time for remorse. I must come to a conclusion because once I turn 18, I'm practically left to fend off whatever may come my way by myself and all I can do at the moment is prepare for it. All criticism is welcome, I'm looking for any and all help guys. Thanks for reading and please let me know what your thoughts are. + +UPDATE: Thank you all so much for all your support. I'm extremely surprised (and mildly delighted) that this blew up so much. I'm now currently looking to go into job corps once I get out of my treatment center. Because of all the commentary regarding my writing skills, I might seek a career in that field (although I doubt I'll be as competent as the majority of my rivals). Again, thank you guys so much for all your support and helping me feel better about my current situation. +https://www.cnbc.com/2021/04/27/alphabet-goog-earnings-q1-2021.html + +Earnings: $26.29 per share vs. $15.82 per share expected + +Revenue: $55.31 billion vs. $51.70 billion expected + +Google Cloud revenue: $4.05 billion $4.07 billion, according to FactSet estimates. + +YouTube ads: $6.01 billion vs. $5.70 billion, according to StreetAccount. + +Traffic Acquisition Costs (TAC): $9.71 billion vs. $9.25 billion, according to FactSet estimates. + +This is a good quarter for google. It is really the best reopening play. The stock performance ytd has been outperforming the entire Faang group. + +Thanks for the awards. +I got redirected here from the regular FIRE sub. I'm looking for general advice. I'm 31, live in NYC. I keep expenses very low (<100k/yr). current NW of 7-8m, in a position where I can likely make 3-5m and, optimistically, something closer to 6-9m (pretax), but only sure of that for the next 3-5 years, much less certain if my income can continue that high afterwards. All above is W2 income, I don't own any property, I just put all my money into index funds and don't put any further thought into it (my NW rapidly increased in only the last few years, and I was very career focused prior to that, so I feel a little...undereducated in terms of how to handle it). Medium but not super high stress job, so staying in my current career for the next few years is my plan. + +I guess my questions are, what low hanging fruit am I overlooking in terms of maximizing returns on my net worth? Should I consider buying property, is there any other things to put my money into that is worth diversifying for, or is set it and forget it into index funds reasonable? And what factors would others consider, if they were in my position, for when to leave my current career and move on? Obviously at my current rate of expenses I have enough to leave, but (a) I'm single, no kids, so it's not unlikely my expenses could go up in the future, and (b) given I can still get a big increase to my net worth just by staying a few extra years in my current role, it seems too hasty to leave now even if I'm clearly past the point of surviving on a 3-4% withdrawal rate. +Does anyone know of any subreddits (or other resources) that deal specifically with owning multiple homes? Weā€™re in the market to buy a vacation home and Iā€™d like to browse other posts to learn things. + +Iā€™m interested in learning about mechanical things (like preparing a house for multiple-month vacancy), financial things (financing and tax tips and tricks), and any other advice and knowledge that would be good to know. +Maybe I don't get it. Scaling up a new automotive business seems to be insanely hard. Tesla succeeding seems to be an almost unprecedented case. There were significant doubts about Tesla's ability to survive when they were already making several hundred thousands of vehicles every year, and arguably they only made it thanks to regulatory credits (which will become less and less relevant) and big capital infusions. + +Rivian and Lucid have surely already spent significant amounts just on developing the cars, without delivering a single one so far. The capital required to build and scale up factories will be absolutely gigantic, all in hopes of catching up to both Tesla (the cool new brand) and traditional manufacturers (with scale and lots of money). I just don't see how they manage to do what Tesla did and actually catch up with the field. Is there any scenario where these companies actually become a huge success and manage to justify their valuation? +Losing faith ... can this ever come back? What needs to happen for it to turn around? + +Newish investor. Been holding for 9 months. Bought on a dip to $260 and as you know for various reasons, it has kept on dipping. Charlie Munger bought it not too long ago which gave me hope. But day after day of declines has me rethinking bag holding. Perhaps itā€™s time to cut my big loss salvaging the remaining dollars. + +Interested to hear your thoughts. ... thanks! +You guys think that was a crazy bubble? Youā€™ve seen nothing yet! Just wait for these platforms to start maturing, global regulatory clarity, and completed infrastructure advancements on the retail and institutional level. Itā€™s all happening and being implemented now. The next bubble will make the tec bubble of 1998 look like chump change, and the crypto bubble of 2017 look like a grain of sand on the beach. Use this opportunity to accumulate all the best well branded tec projects, and avoid scams at all cost. Accumulate and brace yourselves because youā€™re about to make history on the biggest bubble in the history of economics. +It looks like Coinbase may have openly lied about the number bitcoins they store to their users and perhaps even to their investors. + +They claim that 97% of user funds are stored in multisig addresses. For instance [here](https://community.coinbase.com/t/multisig-vault-what-if-coinbase-goes-out-of-business/3282) + +The CEO of Coinbase, Brian Armstrong published [this blog post](https://medium.com/the-coinbase-blog/coinbase-is-not-a-wallet-b5b9293ca0e7) in which he shamelessly claims that Coinbase is now storing 'about 10% of all bitcoin in circulation'. + +The issue now is that, as we can see on [p2sh.info](http://p2sh.info/dashboard/db/p2sh-statistics) at the time of this post **only around 10% of all Bitcoins were held in p2sh addresses**. + +To explain the issue further: Multisig is just one usage of p2sh and many many Bitcoin companies, exchanges and private people are using multisig addresses. + +So when we take all the other services and private users into account that use multisig addresses the 97% of user funds Coinbase holds in multisig are likely far lower than 5% of all bitcoins, we can only guess. I'd be surprised if they even constituted 1% of all bitcoins, to be quite honest. + +Coinbase additionally has their 'cold storage' which seems to use some version of key splitting (shamir's secret) which would contain funds owned by Coinbase as well as the remaining user funds that are not in the hot wallet. Is it likely that Coinbase's own Bitcoin funds constitute multiple % of all bitcoins in existence? I don't think so. + +If their 'cold storage' does in fact also use multisig, then their lie would be even greater. + +So has Brian Armstrong lied to his investors and users? Has he exploited their lack of understanding of Bitcoin to make highly inflated claims? + +If I were an investor I would demand Brian Armstrong to move all bitcoins under control of Coinbase as a proof of reserves *right now*. + +It looks like Coinbase is not even close to as big as they make it seem. If all this venture capital has been raised by claiming false holdings, then things could get nasty. + +------------------------------------------- + +Edit: They just silently changed their rep post. Luckily I anticipated their deception: [Here](http://imgur.com/2fCMoPP) is a screenshot of the original, unchanged version. +In Fatfire range. 80/20 - 7.3M (as of today's bloodbath) and lead a team of 50+ people. Just going to put it out there. I am sick of people management and just want to be an IC. + +&#x200B; + +The challenge: My resume has 10-12 years of incrementing leadership roles and I am not sure how to solve this. + +Background: I am in Tech - Have maintained my technical skills, and would rather just have a job that I can do in a repetitive manner for the next few years than people management. I love the technical side, am beginning to despise people management. TC is 600k with 315k salary. Would take a 50% pay cut if it means just enjoying life. + +&#x200B; + +Any thoughts on how to alter my resume to align with IC work? + +\*Contributor +This post is in continuation of a series of posts I made in the previous weeks. The response I received was amazing and a lot of you were asking for continued weekly updates. I have also added the Week-on-Week stock price change due to popular requests. + +The market, in general, has continued to rally strongly and it has been a pretty good week for investors. The top growing stocks I [shared last week](https://www.reddit.com/r/wallstreetbets/comments/ntlyqy/i_built_a_program_that_tracks_mentions_and/) had made an average return of 6.6% with Workhorse Group making a whopping 19% return in one week! Now, letā€™s jump right into this weekā€™s list! + +**Most Discussed Stocks of the Week** + +https://preview.redd.it/p9znai9z91571.png?width=1042&format=png&auto=webp&s=064000d3d54a7e847dc1bec4905f9380db5e05c8 + +AMC and BB are now the top 2 most discussed stock! Both generated almost the same amount of discussion, but investors, in general, were more bullish about Blackberry as reflected in the sentiment. The returns on both the stocks were muted with AMC and BB returning just 3% and 2% respectively. ECommerce platform ContextLogic(WISH) had a wild ride with the stock rising 90% and then dropping 46% over the next two days. Investor returns wise, Clover health is the front runner returning an insane 67% in one week. Also, Tesla dropped out of the top 10 list for the first time in 2021! + +**Top Growing Stocks of the Week** + +[ ](https://preview.redd.it/s5j78yn0a1571.png?width=1233&format=png&auto=webp&s=241763eda48057740436f648ba342b56a7999cd4) + +Above is the list of stocks that have exploded in the number of mentions throughout social media. + +**Wendys($WEN):**Ā This was definitely a long time coming. Wendys shares soared more than 19% on Tuesday after the company became a meme stock in Reddit. There was no new fundamental news from the company that changed the investment perspective other than an announcement that the company will bring back its popular Summer Strawberry Chicken Salad. + +**Clover Health($CLOV):**Ā had its best week yet since inception with the stock returning 67% in just one week. Reddit investors sparked another rally with the stock price soaring more than 200% and then fell sharply! The stock was trading at 6 times the normal volume. Even though the company has an optimistic business model, the current rally was predominantly driven by CLOVā€™s high short interest (43%)! + +**Senseonics Holdings($SENS):**Ā $SENS exploded in mentions and the stock jumped 22% during intraday trading without any new news from the company. Its a small Maryland-based pharma company, which specializes in the development of products made to ease the burden of diabetes monitoring. The company had announced news of a promising trial but that was long back. The current rally was majorly based on its short interest (25%) and increasing chatter! + +**Clean Energy Fuels($CLNE):**Ā $CLNE had a wild week with the stock shooting up 31% on Wednesday due to the retail crowd but then promptly tumbled 17% in Thursday afternoon trading. The drop was due to the information that its largest shareholder reduced their stake in the company by 1.25 Million shares. The retail crowd is still extremely bullish on the stock as seen by the sentiment. + +**Invesco Mortgage($IVR):** The company had a spectacular crash at the beginning of the pandemic with the shares losing almost 90% of its value. It has been growing slowly over the past few months. The stock was trending in relation to the current uncertainty regarding inflation rates and how Fed is going to adjust its rates. + +**Honorable Mentions:**Ā ContextLogic($WISH) chatter grew by 487% and UWM Holdings($UWMC) by 373% but were not high enough to make the top 5 list. Another interesting finding from my program is that mentions of CPI (Consumer Price Index) grew by more than 900% last week showcasing the rising discussion about inflation and its impact among investors. + +Hope you enjoyed this weekā€™s top stocks issue! Ā  + +*Disclaimer: I am not a financial advisor.* +As the title says. + +I don't care about the "yay, Segwit" cheering, or the "Bitcoin Cash & Segwit2X, boo!" hatefest. I just want actual information that will help me use the fucking thing. + +Lots of cheering Segwit, just because it's "activated", even though none of us can seemingly actually *use* it right now (no, I am not interested in crafting a transaction by hand, I want some software that will be doing this for me). + +What's the info on any wallets that currently support it or will soon support it? What's the ETA on any such? Has anyone contacted wallet developers, exchanges, what do they have to say, when can we expect support? + +*That's* the information that would be useful to have, where a thousand cheering posts about how victorious we are mean nothing. + +Thanks in advance. +There will be a Webcast to showcase their product on the 11th of Jan 6:00 a.m. + +Will probably Rocket on friday since it'll sit for the weekend until showtime, if it goes well then expect a huge surge monday. Do your DD obv, but the product advertises itself as a vital part of any surgeon's toolset, which if you ask me it seems pretty profitable. + +I'm in 6500 shares at .78 and strapped for the ride + +source: + +[https://www.polarityte.com/news-media/press-releases/detail/549/polarityte-to-present-at-the-h-c-wainwright-virtual](https://www.polarityte.com/news-media/press-releases/detail/549/polarityte-to-present-at-the-h-c-wainwright-virtual) + +Edit: obligatory šŸš€šŸš€šŸš€šŸš€ + +Edit edit: its going up boys. AH just had to supply the rocket fuel. šŸŒ• + +YOU ARE ALL WELCOME. +Got this DM today, not sure why folks would waste time or effort on this. Anyone know the long game on this? I assume itā€™s to get bank/credit card numbers or something else but I wasnā€™t going to find out. + +https://imgur.com/a/qCstH9M + +The gist (in case you do t want to click) is that they are setting up a review site and will pay $1 per real review or something along those lines +Hey Fellow Canadians, turning to you for suggestions on CDN stock picks that are still under recovery. The market is irrational at times so turning to expects for some schooling + +Currently I am holding AC, ATB, ONEX, GRN, GFL, DRM, BB, EFX, BBD, MTL +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +Long story short, mom was laid off - got a 40k severance package and doesn't know what to invest in. She has a consultation later this week with a bank but I am worried they will try shoving mutual funds on to her - which I do not want, so I thought I would check out the reddit community for tips. + +My mom is 50 years old and knows she's very late to the investing world but better late than never. + +**What would be a reasonable allocation of her portfolio considering her age - in terms of equities vs bonds, etc?** She previously had a DRIP set up with her previous employer insists on finding something with good dividends to set up a DRIP. + +**Any recommended ETF's & stocks with dividends would be welcomed** + + +Edit: She is fortunately not hurting financially in the sense that she desperately needs this money for her living expenses + +P.S - I am much younger than my mother and have a different threshold for risk so I do not want to be giving her advice in something I am not well versed in - enter you guys :) +Iā€™m looking to increase my exposure to the US and Iā€™d like to hear recommendations or pros/cons of the different index options available. Specifically, Iā€™m looking at TDā€™s e-series: Nasdaq Index, DJIA Index, and US Index. Thanks! +Hey everyone, + +I posted a similar thread in /r/baystreetbets yesterday to get some discussion going but that sub is much smaller than this one. So I decided to share here to continue the discussion and see if there are differing opinions. + +I'm a fairly new investor but I've done a deep dive in theScore (SCR) and I really like the prospects of this company. I haven't seen too much discussion about them which is why I'm posting. + +About them: + +* Canadian Sports media company that's investing in sports betting in the US. They recently promoted to TSX in Sept. +* They're the first sports media company to invest in sports betting. +* \#2 sports mobile app in the US following ESPN. +* \#1 sports mobile app in Canada +* \#1 Esports media company (YoY growth of 113%) +* They're very active on social media & have an active + increasing following (Monthly reach of 104 million with YoY growth of 5%) +* 20 year agreement signed with Penn National Gaming to grant them access to sports betting markets in 11 U.S. states. +* the Score Bet is currently operating in 3 states : New Jersey, Colorado & Indiana. They're expanding to more states as sports betting becomes legal. They're looking to expand to Canada through bill C-218 which has gone through first reading to legalize sports betting in the country. +* They've invested heavily in their betting platform. Their Sports app works seamlessly works with their Betting app to show live game updates, which other betting apps don't do. +* Current Market cap is 292.20M + +What this means: + +As sports betting opens up in around the US & Canada it'll put theScore in prime position to benefit from its already very active sports user base without spending heavily on marketing. They're also in the best position to profit from Esports betting. + +The leader in sports betting; DKNG recently partnered with ESPN but their app does not have direct sports updates. DKNG's market share is 20.23B compared to theScore's 292.20M which shows the kind of growth potential that SCR can have. For the time being I feel like SCR's been overlooked. + +With sports having started again I'm looking forward to their Q4 results which should come out some time in Oct. I expect the stock to rise quite a bit in the near future. + +Let me know what you think +Hi r/stocks, + +I posted another thread a few days ago gathering your feedback on META, I'd like to do the same for GOOGL. + +From my perspective, we're back to levels last seen in March 2021, representing a value play. The P/E is attractive at 19 with a lower PEG vs. peers. Excellent cash flow, manageable debt, etc. + +Is there a bear case against GOOGL that we should consider? Or, is it a solid buy at these levels? +Can someone explain WHY Robinhood is not preferred for investing, as opposed to say, TD Ameritrade or Fidelity? Im specifically not looking for opinion statements like "remember GME?" and "because noob lol". Im looking for hard facts, shortcomings, lack of tools etc. I havent personally had issues, but have heard their customer service is junk, but ive heard that of others too. Is their security lower quality? + +My background, I have a half million portfolio with them of some long term holds, and dividend stocks. I don't consider myself a very savvy investor needing tools to enhance my trading abilities, i don't use things like covered calls, etc. I just.... buy and hold. Maybe mess around with some options. MY biggest positive I suppose is my access to a good deal of margin, which ive used to increase the amount of dividend stocks i buy and hold. +Hello, I'm new to reddit and investing. I almost lost my job recently and it opened my eyes that I'm not prepared financially. I'm in my early forty's and I'm working 60+ hours a week just to survive the sunshine taxes of California. + +I'm just looking for recommendations for videos to learn from or some sort of direction to start because I'm totally lost. + +I'm not sure if this is even allowed in the group but I'll delete if it's not. + +Thanks for any help. +I am deploying to Iraq for the next year and since the payments will be deposited into my paypal account, my partner is entrusting me to invest his portion into the stock market. +What are the top 3-5 highest dividend paying stocks that you guys have, so that I can look into possibly investing his money into them for his best interests? +Toronto, Ontario--(Newsfile Corp. - October 20, 2021) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the "Company" or "Datametrex") is pleased to announce that its wholly-owned subsidiary Medi-Call MD Inc, ("Medi-Call") has officially launched a closed beta test for its Medi-Call health app, a comprehensive mobile application for patients, enabling Canadians to visit a doctor through their smartphone. Selected beta testers will be able to load the app on their mobiledevice. The closed beta test will be previewed in a webinar on Thursday, October 28th. The details of the webinar and how to attend will be posted on Datametrex.com in the next few days. + +https://ca.finance.yahoo.com/news/datametrex-launches-medi-call-smartphone-110000294.html +What are your plays for the week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add šŸš€šŸš€šŸš€ if you serious +*Valens Company ($VLNS.TO or $VLNCF) - https://thevalenscompany.com/* + +Current Price: $2.20 + +Trade and Prediction: Long Trade looking to hit 200-300% of current sp by EOY (at least once) + +**Summary** + +Ā· 159M outstanding shares / 328M Market Cap + +Ā· 83.3M revenue + +Ā· Analyst price target: average estimate $3.27 // low $2.00 // high $3.75 + +Ā· Shares shorted 1.77M (As of March 19) (Down 88k from march 5 and 1M from Feb 22) + +**TL;DR:** Valens is the top third-party cannabis manufacturing company with a unique take on the market charging for a service that brings higher quality and more versatility to cannabis. Expanding growth to Australia and the EU poise this company for strong 2021 growth. This is my only intentional long-term hold. Plan on selling for 200%+ bare minimum + +**The Company** + +*ā€œ The Company provides proprietary cannabis processing services across five core technologies, in addition to best-in-class product development, formulation and manufacturing of cannabis consumer packaged goodsā€¦The Valens Company's high-quality products are exclusively formulated for the medical, therapeutic, health and wellness, and recreational consumer segments, and are offered across numerous product formats, including oils, vapes, concentrates, edibles and topicals, as well as pre-rolls, with a focus on next-generation product development and innovationā€¦ Its breakthrough patented emulsification technology, SōRSEā„¢ by Valens, converts cannabis oil into water-soluble emulsions for seamless integration into a variety of product formats, allowing for near-perfect dosing, stability, and taste.ā€* + +Basically, Valens Company is a high-tech cannabis laboratory focused on extraction, testing and processing for primary cannabis producers. They make cannabis better, package the products for their clients, and charge for the services. While also producing their own goods. + +**2020 Q4 / Year End Report** + +* *Net revenue increased 44% to $83.8 million in fiscal 2020 compared to $58.1 million in fiscal 2019* +* *Product sales increased 237% to $54.7 million in fiscal year 2020 over 2019* + * *Product sales as a percentage of net revenue increased from 83% in Q3 2020 to 90% in Q4 2020* + * *Provincial sales, included as part of product sales revenue, increased 292% from Q3 2020 to Q4 2020* +* *Cemented position as the largest third party vape manufacturer in Canada* +* *Transitioned from shipping bulk distillate in Q1 2020 to shipping hundreds of thousands of finished product units per month in Q4 2020, resulting in revenue which is expected to be recurring in nature* +* *Expanded internationally with entry into the Australian market through a distribution agreement with the country's largest medicinal cannabis distributor, Cannvalate Pty Ltd. ("Cannvalate")* + +**Recent News** + +* [Valens set to launch Verse Cannabis products on the Medical Cannabis by Shoppers platform](https://ca.proactiveinvestors.com/companies/news/944246/valens-set-to-launch-verse-cannabis-products-on-the-medical-cannabis-by-shoppers-platform-944246.html) +* [The Valens Company Enters First Pre-Roll Manufacturing Agreement with Experion Biotechnologies, Partner of Recently Acquired LYF Food Technologies Inc.](https://www.newswire.ca/news-releases/the-valens-company-enters-first-pre-roll-manufacturing-agreement-with-experion-biotechnologies-partner-of-recently-acquired-lyf-food-technologies-inc--889523094.html) +* [The Valens Company Closes Acquisition of LYF Food Technologies Inc. and Enters Edibles Category with Launch of Soft Chews](https://www.newswire.ca/news-releases/the-valens-company-closes-acquisition-of-lyf-food-technologies-inc-and-enters-edibles-category-with-launch-of-soft-chews-862861315.html) + +The company also experienced a bit of a breakout recently. I posted a prediction about it a week ago or so and I have pasted the link below. Whether or not you believe my analysis makes sense, the cycles seem to be pretty consistent. Despite the red days that drop the cannabis, recently $VLNS has stayed pretty stable and hasnā€™t come down from when I posted (1.78 to 2.20) + +https://www.reddit.com/r/Canadapennystocks/comments/m1r4mu/vlns\_history\_repeats\_itself/ + +**Updated Position: 7500 @ 2.35** + +Let me know what you think. If youā€™re going to bash, please have it supported so I can at least learn/understand why you think so. +Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly.** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +What are your plays for the week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add šŸš€šŸš€šŸš€ if you serious +What are your plays for the week? What you buying and selling? What were your best plays? This is an unregulated discussion. + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add šŸš€šŸš€šŸš€ if you serious +Hi, so Iā€™ve been researching this company MVMD ( Mountain Valley mD Holdings) who at a first glance appears to be a fantastic company with an amazing future ahead of them. + +Now, Itā€™s a new experience to find a company which quite frankly seems to be a full out scam. + +[mvmd website](https://www.mountainvalleymd.com/) + + +I know this is different but I thought it could be fun if someone wanted to help out. I posted my red flags in the MVMD sub and got absolutely flamed. Iā€™m doing this bc I donā€™t want ppl losing money to a scam but perhaps more so bc I hate being wrong. + +What I have gathered so far. Writing on my phone so wonā€™t be too long. + +1. Their website. Looks legit but looking in to their leadership, there is too little information. Who is this inventor (Mike Farber for example, what did he do before. All of a sudden he supposedly got BSL 4 clearence. Something very rare from my understanding. + +Dennis Hancock CEO . Instagram (private) facebook (private) + +2. Their new yt channel. Just a couple weeks old. Only fake comments on their channel. Look into their comments itā€™s hilarious. + +Their Instagram . Majority obviously fake followers here aswell. + +(Now I know this doesnā€™t have to be the company behind their instagram or the fake comments. But something is certainly off and I donā€™t like it. + +3. There are no real news reporting on this company. The only thing close is Biznews lmao. All of their achievements etc are just coming directly from the company. + +[Biznews ](https://www.google.se/amp/s/www.biznews.com/thought-leaders/2021/02/11/ivermectin-tech-breakthrough/amp) + + +There are a lot of red flags. And Iā€™m quite frankly amazed as a somewhat new investor to find a company doing what I think they are. Perhaps this is usual in the penny stock world or perhaps not. + +Anyway, would love to hear your takes. And if someone would be intrigued to do some further digging into it. +What are your plays for the week? What you buying and selling? What were your best plays? This is an unregulated discussion. + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add šŸš€šŸš€šŸš€ if you serious +Gratomic is a graphite mining company, with mines in Namibia and Quebec. The Aukum project is in Namibia and is the reason I chose to invest. + +Graphite is a mineral that is used in the production of lithium ion batteries. Approximately 70kgs of graphite is needed in an electric vehicle battery. The demand for graphite is going to expand drastically with the increase in EVs. + +Aukum has yet to release their PEA or 43-101, but is a past producing mine and has a large stockpile of graphite on site, as well as large visible veins. I will not estimate the amount of graphite in the property but based on my DD I am very confident it will be one of the largest vein graphite deposits in the world. + +The samples taken from Aukum show that the quality of this vein graphite is extremely high and well suited for use in the EV market. + +Gratomic has built a processing plant on site and began commissioning at the end of March. The processing done on site does not require acid leeching, due to its high quality, which makes it an environmentally friendly alternative to current flake or synthetic graphite being produced. + +Gratomic will begin processing 20,000 TPA upon completion of commissioning and plans to upgrade to 45,000 TPA in the near future. The company has no debt and over 8 million in the bank. Prices are tough to estimate but a price of $5000 to $15000 per tonne could be used for projections. + +Due to its high quality, large reserves and environmentally friendly processing Gratomic has a huge upside in the near future. + +Risks are the lack of a PEA and 43-101 as well as counting on a growing market for graphite in the future. + +Above is a quick summary to peak your interest but I'd you would like more info I have attached a link to a friend's DD below. Love to hear any question or comments you have! + +https://docs.google.com/document/d/1ZPDMtlVx3Ghpi6aN3kLFdyoyhQWO4g6CmhOAxSLW3l4/edit#heading=h.eneqa5ogvb0j +Iā€™m a newbie and was wondering what are some good penny stocks to put my money into, Iā€™ve been looking at a couple like FLT,GRN, MTRX,BUS NUMI, GDNP. Wondering if I could get some thoughts. +I should've ranted about this months ago, but with this most recent development, I figured now is as good a time as any. + +On July 3rd of this year I got into an accident while running a DoorDash delivery. I was running DoorDash for 3 months at that point since I got laid off of my job back in March. I was already behind on rent and bills, so DoorDash barely kept me afloat, even if I hated every minute of it. Long story short, I got into an accident where I had a stop sign and the other car didn't have one leaving me 100% at fault. + +My car got hit by the passenger fender, displacing my wheel+control arm and my side airbags deployed too. The wheel couldn't turn and I had to get it towed from the site of the accident. I coorperated with the other driver and traded insurance information and submitted a claim of my own. Now, I got my insurance policy back in August 2020. I wasn't DoorDashing or doing any sort of rideshare at that point. Apparently I needed some sort of extra policy to cover any accidents that happen while doing Uber/DoorDash/Lyft/etc. DoorDash never made it clear that I needed to add on to my policy while signing up in April 2021, so I signed up without changing anything on my insurance. Everything was fine and dandy until I got into that accident. Progressive denied my claim for not having that extra rideshare policy and there was nothing I could do about it. I now own a 2010 Mazda 3 that's completely undriveable and I still owe $6-7k on it. To kick it even further, a branch fell on that car while it was sitting in a driveway and I didn't have it on any insurance because it wasn't on the road. Insurance won't cover those damages either since I didn't have a policy at the time. It took me into a deep depression for a while and I've only recently accepted the fact that I'm going to have to pay out of pocket so I don't get a repo on my credit report. + +Today, I received a letter from the other party's insurance (Traveler's) stating that I am liable for approximately $12k in damages to the other vehicle (my car was much more damaged than their's mind you). I screamed "FUCK" at the top of my lungs in frustration which warranted a concerned neighbor at my door. After explaining to my neighbor that nobody is hurt (psychically), I called Traveler's to find out what's going on. I was basically told that because my insurance company denied my claim, I am now responsible for the $12k in payments they had to dish out to the other driver. I tried explaining to them the whole situation and background to this and the best I got was "I know this situation sucks for you... you still owe us though or it's going to collections". Now I'm an extra $12k deep on top of the $6k I owe on my car THAT IS COMPLETELY TOTALED. + +It didn't take me long after the accident to sell all my stocks and ask a couple of favors to buy a $2k beater, so I've been working my ass off since August to catch up on 3 months of backed up rent and 2 months worth of bills. I JUST recently got caught up in my rent (still late for November at the moment, but all previous months were paid off), finally accepted my loss of my Mazda, and now I get hit with more white dog shit in my stomach. At this point I don't know what to do. Do I seek an attorney for advice at this point? Do I just eat the double whammy? I've been barely living since July and I don't know if I can get over my frustration with this whole situation. Any advice would be appreciated. Even if there's nothing I can do, ranting about it here is much better than bottling up all this anger and sadness. I just can't seem to get ahead anymore and I almost don't even want to fight anymore. The carrot on a stick is moving away from me at 60MPH while I'm at a walking speed. +Hi everyone, bit of a background: +Iā€™m a single mum raising three kids, i live in one of the big cities. I finished uni and started working in 2019 part time but also kept my casual job so essentially I work 2 jobs, altogether I earn just under $60k pa. I have a HECS debt and I try to save as much as I can. Iā€™m renting atm hoping to buy a house for my kids someday. +I feel like I basically live from hand to mouth, what with all the bills, but I do manage to save a small amount every payday. +My old car is on its deathbed. It is 21 years old and in need of so many repairs that I absolutely need to replace it. Iā€™m not very knowledgeable with cars or anything but I would love to have a nice little zippy car that works and doesnā€™t give me anxiety every time Iā€™m stopped at a red light. +I could get a novated lease on a small new car but I think thatā€™s an expensive option especially for someone in my shoes. +The second hand car market is absolutely crazy at the moment and even though everyone says buy a car that your ego will allow you to drive, I honestly do not want another rust bucket for the next few years. +I guess Iā€™m asking for ideas and advices on how to manoeuvre this situation. I also do not have anyone that could help me check out if a car is sound mechanically or offer any advice in that respect, thatā€™s why Iā€™m here to see what you financially savvy people would do in my situation. +Also please excuse my English. +Thank you. +Construction work has just been shutdown for the next two weeks in Sydney. My company cannot operate during this time. They said we will be using our annual leave and rdo's during this time. + +Is this how it should be? I thought it'd be a government thing that pays us and we keep our annual leave but apparently not. + +Edit: I found out the answer. I have to exhaust all my RDO's then I'll be eligible for covid relief but only if I don't take my RDO's and take leave without pay. If I take my RDO's I won't be eligible +Long story short - I stumbled across the concept of financial independence through this sub and others about a year ago, read heavily about investing and everything related to the stock market, and then finally decided to make the leap about a month ago. + +My net worth currently sits at 62k. The breakdown of my investments goes as follows: + +12k cash (more than enough for my emergency fund) + +VAF (12%) | $6000 + +VIF (12%) | $6000 + +VCF (6%) | $3000 + +VAS (31%) | $15,500 + +VEU (18%) | $9000 + +VTS (17%) | $8500 + +VAP (4%) | $2000 + + +So this brings me to the my girlfriend - I was on the phone to her this afternoon and I'd just finished investing my last 5k chunk earlier in the morning. She'd known that I had been doing 'stuff' on the stock market but that's about the extent of it. So, a little caught up in my moment of happiness, I dropped to her that I just invested my last 5k chunk, and now have 50k worth of ETFs.... And then there was silence, followed by 'are you an idiot? You're going to lose all of your money. What if your shares drop and you lose everything?' + +I tried to say all the things like, I'm not buying shares I'm investing in ETFs. And that even if the stock market does take a dip, it will recover and I will come up on top eventually. But alas, she wouldn't have a bar of it and the conversation pretty much ended up with me a being dickhead. + +I tried not to let this get to me, but it has. Please tell me that she's wrong and I won't lose all my hard earned moolah. She's the only person that I've somewhat told about my investments. Literally everyone else that I know, including family and friends of friends know zilch about the stock market. I fear that if I do go to someone else, they will say the same and cause me to second guess myself even more. + +Help reddit! + +[https://www.afr.com/property/residential/how-to-tell-when-house-prices-will-hit-bottom-20220628-p5ax9s?utm\_content=making\_news&list\_name=EBE726C6-38DF-4725-9BE4-5091999D8384&promote\_channel=edmail&utm\_campaign=the-brief&utm\_medium=email&utm\_source=newsletter&utm\_term=2022-07-08&mbnr=MzA0MDYyMjI&instance=2022-07-08-12-40-AEST&jobid=29399692](https://www.afr.com/property/residential/how-to-tell-when-house-prices-will-hit-bottom-20220628-p5ax9s?utm_content=making_news&list_name=EBE726C6-38DF-4725-9BE4-5091999D8384&promote_channel=edmail&utm_campaign=the-brief&utm_medium=email&utm_source=newsletter&utm_term=2022-07-08&mbnr=MzA0MDYyMjI&instance=2022-07-08-12-40-AEST&jobid=29399692) + +&#x200B; + +Interested to hear from the doomsday preppers why circumstances this time are materially different from previous drops in pricing (and subsequent recoveries). + +Whilst I recognise past performance is not an indicator of future performance, historical trends really do suggest this mass media focus on house prices drops is really a storm in a teacup. +Watching that wonderful rise and seeing it ripped out from under us and then the aftermath of "regulators" threatening Redditors made me realize just how F'd the stock market is. It's not a free market. + +I'm so angry about it but also I'm pissed at the government for letting them do it. + +Meanwhile they keep printing dollars as if it doesn't mean anything. + +From now on my free cash goes into Bitcoin. I don't believe in the stock market or the dollar. + +When the Market crashes due to fraud and greed again and when the dollar collapses as a result we'll be sitting here with bitcoin which will skyrocket. + +The first trillionaire will not be Elon Musk. It will be Satoshi Nakamoto. +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. This post might be considered more mental health than financial health, but I still want to hear some outside opinions. + +I'm 26 and just started my first job out of grad school. I currently make 68k (about 50k after taxes) in an incredibly low COL area. I currently pay $350 in rent and about $100 in all other utilities and live 10 minutes from work. But, with this level of cheapness comes the sacrifice of basically everything else. I live in the middle of nowhere, about 45-60 minutes from even a grocery store. My apartment is about 250 sq feet, has unsafe drinking water, a roach and ant problem, and one singular window AC unit where the temps regularly reach 115+. + +I'm fucking miserable. I've been breaking down 2-3 times per day just absolutely sobbing over how bad this place is. I'm barely eating due to fear of insects, im constantly nervous that I'm going to run out of bottled water, my bathroom is disgusting. I just can't take it anymore. I'm on a month-to-month lease and I want to leave ASAP. + +The problem I'm facing is that my only other housing options require both a significant cost and commute (again due to how remote my work is). Average 1-2br apartments in the "decent" area would be approximately $1,150 plus utilities. I can stomach that, but on top of that is a 100 mile round trip commute PER DAY, which is going to add up fast both in terms of gas (currently $4.00/gal) and wear and tear on my car. + +So if I were to move and swallow the longer commute, I'm looking at about an added $1000 per month in living expenses between gas and rent alone. But, obviously, it comes with being able to breathe and actually enjoy my life. + +I'm just losing my mind here and need to know that it's okay to do this for myself. + + +**EDIT:** I truly want to thank everyone who took the time to reply. If it wasn't obvious from this post, I've had a very, very rough adjustment and am seriously unwell from it all (mentally and emotionally). I'm going to see what I can do to improve my current living situation (i.e. talk to landlord about the bug problem and AC) while simultaneously looking for new living arrangements. You all really put into perspective how important a sense of security is, regardless of price. Thank you. Really. +Hello everyone, +I recently graduated in May and after all the job searching I finally landed a job having to do with my degree. The company is great, and they are asking me to relocate to their headquarters. I got a job offer from them today the average salary for the position is $44,000 and they are offering $38,000. They said they would help me with relocation, meaning they would provide temporary housing, and help with finding a new place. After receiving the initial offer I definitely want to ask for more. But my question is, am I in a position to ask for more? I have no professional office experience, but I have plenty of experience in the position they are offering me. Any tips, and criticism would help! +About a month ago I bought SPCE 4/17 20c. After it took it's initial dive I didn't panic but was concerned it would take a while to come back. When my losses came back to $0 I was just happy to get back to ground zero and sold. Roman catholic pussy has more grip than me. + +I would normally talk to my wife about this, but she's on a Valentines date with her boyfriend so I'm confessing to you. +http://www.marketoracle.co.uk/Article48861.html + +I'm new to the term Carry Trade. The associations in the article are interesting - though I admit to not fully understanding them after reading this article. + +I thought the oil price was collapsing because the Saudis decided to overproduce to take new and upcoming sources off the market - and since many of the oil producing nations rely on oil to run their governments, they can't afford to stop their own spigots to reduce supply. + +I know other people have asked similar questions and the reasons given are normally loss through currency exchange rates and taxes on importing large amounts of money. However like I said in the title the primary currency for investment in Cambodia is USD and they have no taxes on money coming into the country for investment. So theoretically could I get a $1 million 3.5% p.a fixed term 3 year loan in the US and then invest that money into a fixed term high interest Cambodian account for 3 years at 7% p.a. This would result in a profit of $35,000 ($12,500 p.a) for almost no work and very little risk. + +This is assuming I'm a Cambodian resident alien (which I am) and a US citizen (which I'm not but my brother is) + +Note: These figures and knowledge of Cambodian tax law come from some quick Google research so there may be errors. I'm not too concerned about exact figures. More looking for proof of concept per se. + + Also I'm probably not going to do this as I doubt I'd be able to secure a million dollar loan at 23 with no collateral. But I was curious. + +Thank you personal finance. +I have learnt that with great rates comes great risk and this is probably not a good idea. Not that I was going to do it in the first place as this was merely hypothetical. I sincerely appreciate all the well thought out responses that recognized this was not a carry trade because the currency remained the same over the investment period which was the crux of my question. + +Thanks again for the advice. +I read the sidebar links and others but I am still financially illiterate especially when it comes to the stock market and taxes. + +(Assume in this scenario that there are no special retirement accounts like 401k or IRA.) + +Let's say I put $36k (post tax income savings) into a taxable brokerage account every year between age 20 and 50. Assuming a 5% yearly growth rate that leaves me with $2.5M at age 50. + +Let's say I retire at age 50, so my income is now completely derived from my investments. In this instance, let's say I sold $100k (4% rule) worth of VTSAX at age 50, which I originally bought for $36k. + +Since I'm withdrawing $100k from a long term investment, I'm thinking I'll be in the 15% bracket. + +1. Does that 15% apply to all $100k, or just the $64k profit? + +2. Am I taxed again on the initial $36k I put in? + +3. Do I ever get taxed on my investments at any point between the ages of 20 and 50? Or am I only taxed the moment I sell? +In my opinion, Michael Porter's Competitive Strategy is the only absolute must read for someone learning to invest in stocks. Ok, you can get away with just reading [this](https://hbr.org/1979/03/how-competitive-forces-shape-strategy) article from Harvard Review summarizing Porter's Five Forces. And, maybe other books teach you the same thing, but you should know the Five Forces and keep them in mind when doing your analysis. + +If you're out of free reads on HBR and don't subscribe, just search for "Porter's Five Forces, Harvard Business Review, PDF" on Google and it should come up. + +Edit: This wasn't totally clear. I'm not saying that this book covers everything about investing that an investor needs to know. Investors need to know how to do financial statement analysis and valuation. But, you can learn these concepts from many places. Competitive strategy is more unique and, in my opinion, investors can learn more from it than any other singular read. +Does anyone know why Google decided to make their finance page unusable? + +I'm using Yahoo finance... <- hasnt been said by anyone in years I assume. +I am a software engineer working remote for a foreign firm. My sallary is pegged to the USD, so it will increase when my local currency is depreciating. Currently Sri Lanka is one of the countries with highest inflation. There is going to be powercuts because the government doesn't have enough USD to buy fuel for power plants. It's going to be much much worse in the months to come. + + +I have been working on migrating out of the country for a while now. But that's a long term goal. In the short term I thought of + + +Buying physical USD bills and keeping them in a bank safe as the local currency keeps depreciating. I initially thought about binance as well but favoured the physical notes idea because I was uncomfortable with the risk associated with the latter. + + +Get a battery powered by solar electricity for my apartment to survive longer powercuts. + + +That's pretty much the only things I can think of. Please let me know if there are more? On the side note there are massive protests going on right now demanding the current corrupt dynastic government to step down. I do take part in those as I see it as my responsibility. But in the meantime I need to prepare myself. +I got 4* surfaces fillings but they claimed 18* to the IC to maximize their profit. I don't have to pay btw but I feel bad that insurance companies paying way more than how much they suppose to pay out to the hospitals. + +If yes, how and where do I report this to? +So I just spoke to my account manager over the phone. I know people have spoken before but I wanted to get some confirmation on liquidity and price spikes. + +My account manager said that as long as the market doesnā€™t halt I should be able to sell. +They wonā€™t have liquidity problems as they are broker and work it various banks in the market. +This was stated by him. +He said that in regards to price spikes they have seen that with cryptos and it shouldnā€™t be a problem closing positions and taking your money out. Like he said it will be business as usual. + +He also said if there is a problem with the platform and I canā€™t take the money out they will pay out a fair amount depending on the stock price but he said itā€™s case to case basis, and since they are regulated by FCA they have to compensate. + +He also said that gme is bullish long term but also believes it will squeeze. + +Just thought I would share this convo I just had. + +Regardless we will hold!!! +šŸ¦ **Ape bought $10M worth of GME near the peak of its Reddit-hype, the position is now worth $2M** + +**šŸ¦ Ape also bought $1M in AMC and $1M in Silver** + +&#x200B; + +***Article (trimmed):*** + +Sun, the 30 year-old entrepreneur who bought $10 million worth of GameStop Corp. at the height of its Reddit-fueled rally, is predicting a paradigm shift in investing as younger people swarm into financial assets. + +Sun said heā€™s prepared to hold onto his GameStop shares that he purchased near the highs late last month šŸ’ŽšŸ– in an effort to tap into the adrenaline-charged rush that lured retail investors into so-called meme stocks. He also bought $1 million in AMC Entertainment Holdings Inc. and a further $1 million in silver. The GameStop position is now worth just $2 million, Sun said. + +ā€œI think Iā€™m going to hold. Even if I lose money on the GME stock, I still believe this is a paradigm shift,ā€ Sun said in an interview with Bloomberg Television. ā€œIn the past we all followed the advice from the financial analysts, and these days people are going to make their own decisions.ā€ + +&#x200B; + +TL;DR: Buy high never sell šŸ’ŽšŸ–šŸ¦ + +&#x200B; + +Press F in the comments for our fellow ape brother + +&#x200B; + +Link to article: + +[https://laptrinhx.com/justin-sun-still-holds-gme-as-a-symbolic-gesture-despite-losing-8-million-831365042/](https://laptrinhx.com/justin-sun-still-holds-gme-as-a-symbolic-gesture-despite-losing-8-million-831365042/) +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 have worked as a research engineer in a technology transfer department for a long time. + +When presenting new technologies to the public the idea is to find an appealing use case so people can extrapolate and understand potential applications. + +The truth is, unless the person you are talking to already has knowledge in the topic, people just get stuck with what they inmediately see. + +"Ah, I see, but this is not very useful." "Something else does the same thing why do we need this?" "This is too big and clunky!" "Can it work from a longer distance?" + +As for NFTs, a lot of proof of concept projects are going to appear, projects for art, items for video games, media licenses and so on. Those examples are not restrictive, meaning that there are other options available and using an NFT could be more of an inconvenient than an advantage. + +There are use cases in which NFTs could be the only solution. We all know how corrupt the system already is and there is a need to democratize finances and certifications. + +How can it be that everytime I need a paper signed I need to go to a notary to stamp it for a ridiculous sum of money? Why everytime I need to show my university diploma I need to go to the university to pay a signed copy that will be useless after 3 months? + +As seen early this year, brokers such as Robinhood or eToro cannot give proof of ownership of company stock. In general nobody gives proof of ownership, yet, they are able to take your money instantly. If stocks where in the block chain it would be possible to keep ownership and uniqueness track. Any counterfeited asset would be miss dated from the orignial batch. + +So everytime I see anti NFT talk in the front page of my feed I cannot but assume there's an interest in delaying the implementation of such technologies as it is not in the best interest of people who are happy with the current system. +&#x200B; + +[The Plunge Protection Team: The Secret of the Market Abooze \(market abuse for you smoothies\)](https://preview.redd.it/6in7n206v8l81.jpg?width=1536&format=pjpg&auto=webp&s=19d185fafd1e181d0ff2c4728e21951fa62f1b48) + +>**1. Volume spikes my ears** + +After [my previous post](https://www.reddit.com/r/Superstonk/comments/sd4y5g/far_fetched_theory_1_citadel_was_margin_called/) on an insane big volume spike of 93M shares of the SPY ETF on 1/24, there have been more insanely high spikes since. + +Huge thanks to u/SBbro4lyfe whose excellent chat messages pointing out the spikes + timings formed the basis of this post. + + 1/24 11:50 AM Volume of 92.98M + 2/2 12:54 PM Volume of 50.28M + 2/2 3:14 PM Volume of 77.07M + 2/17 2:57 PM Volume of 60.11M + 3/1 2:43 PM Volume of 89.37M + +5 intraday spikes of extremely high amounts of SPY units. The volume spikes we're seeing now are trades of almost 40 billion! + +Most of these spikes have now disappeared on Yahoo finance. Glitches? Or a cover up? Maybe they are just glitches. Even though the systems of financial market data processing are worth multiple billions. Not a weird assumption that they'd be free of glitches, especially with the most watched ticker in the whole world SPY (yes, many love to ticker watch GME, but SPY beats us on this one). + +Glitches or not, any anomaly is worth investigating. + +$25K Bloomberg terminals showing some Brazilian puts, when asked about it the terminals are "glitching out", we've seen it all. Anyone remember [*negative* SPY volume](https://www.reddit.com/r/Superstonk/comments/ollt6n/spy_just_had_a_18_million_share_volume_tick/)? + +Here's some screenshots of the volume spikes. Most of them get deleted after a day or so. Must be a nasty reoccurring glitch? šŸ¤” + +[1\/24 11:50 AM Volume of 92.98M](https://preview.redd.it/c6xyhs30j9l81.png?width=2340&format=png&auto=webp&s=0b5922baefe570adc97793c17503d6ec582e0d92) + +[2\/2 12:54 PM Volume of 50.28M](https://preview.redd.it/qi6lj4v7i9l81.png?width=2476&format=png&auto=webp&s=a0343e1ca3b85f1256ddced39173a1e543380fd3) + +[2\/2 3:14 PM Volume of 77.07M](https://preview.redd.it/737dyks4i9l81.png?width=2468&format=png&auto=webp&s=0ac7be5e9efefff91f60bf9ffce32d60b2ef947f) + +[2\/17 2:57 PM Volume of 60.11M](https://preview.redd.it/lr83ym28i9l81.png?width=2472&format=png&auto=webp&s=cca39e94834c2b3f913b641e1e45702b6422ccce) + +&#x200B; + +[3\/1 2:43 PM Volume of 89.37M ](https://preview.redd.it/u7gq0qj2i9l81.png?width=2472&format=png&auto=webp&s=56823f139251fa9a3ebae7356f7287f83c2f9add) + +>2. **Capital required for such a spike** + +Are the high volume spikes caused by the increased market volatility that is seen in 2022? +Probably not: only few parties in the world have enough capital to do $40B intraday trades. + +In fact, no firms own more than 90M shares. In my previous post I claimed that Susquehanna International (127M) and Citadel Advisors (94M) have more. **The site used is wrong! šŸšØ** +The total amount was likely the amount of shares + puts + calls. + +[Susquehanna SPY options + shares](https://preview.redd.it/4tkwj7hqr9l81.png?width=1010&format=png&auto=webp&s=0699a239574d397faa2729a824aa4545800b4122) + +[Citadel SPY options + shares](https://preview.redd.it/fbui4pisr9l81.png?width=1011&format=png&auto=webp&s=b0da0f2b6e999c6da6482579a7a1ef4f21747cf4) + +Per [fintel.io](https://fintel.io), the biggest shareholders of SPY are big banks: + +[Fintel SPY Institutional Ownership ](https://preview.redd.it/qux5d0syv9l81.png?width=1410&format=png&auto=webp&s=cada5c92598349f2975a7116cb74d7c7a727aba2) + +JP Morgan Chase holds 61M shares, MS holds 35M shares, BofA holds 36M shares and Goldman Sachs holds 38M shares. Just like Citadel and Sus they hold a big amount of calls and puts as well. Optiver Holding B.V. holds 80M shares (change of 405%), never heard of them šŸ•µļøā€ā™€ļø + +Either multiple firms were working together to trade massive amounts of SPY (\*gasp\* hedgefunds doing illegal things?!šŸ˜²), but it couldn't have been a single firm. + +Interesting to note is that Citadel and Susquehanna own massive amount of options compared to their shares positions (that's their expertise: ~~market making~~ making fake shares and manipulating through options). Citadel owns SPY puts with a 3.1:1 ratio to calls, Sus with a 1.3:1 ratio. + +&#x200B; + +\-- SIDE QUEST -- +Quick side note to make a correction: I'm pretty sure [posts like these](https://www.reddit.com/r/Superstonk/comments/sxqjs2/jeff_yass_of_susquehanna_international_group_llp/) are wrong. Whalewisdom is not the best site, they multiply the call position unfairly with 100x. + +[How do you turn a few billion worth of SPY calls into 2T and 75&#37; of your portfolio? Become a journalist\/read it on Whalewisdom](https://preview.redd.it/5hj2h529v9l81.png?width=1341&format=png&auto=webp&s=61160b42ec216391b59999bf3c26063d006ba3c2) + +\-- SIDE QUEST OVER -- + +&#x200B; + +>**3. Turtles? Ninjas? Corrupt old politicians?** + +While Citadel and Sus own a lot of options, they are not enough to cause a 90M SPY spike. + +Taking the option of a firm away, there's only one more party who can be the actor who's putting down 40 billies on a trade šŸ’ø + +&#x200B; + +# šŸŽµ Teenage Mutant Ninja Turtles! Teenage Mutant Ninja Turtles! + +Wait... + +[šŸŽµ The Secret Plunge Protection Team! The Secret Plunge Protection Team! šŸŽµ](https://www.youtube.com/watch?v=CnMHQ5FNuis) + +\[skip to 0:30\] + +*Powell's the leader in blue* +*Does anything it takes to get his printing through* +*Behnam is a fellow, too friendly with K.G.* +*G. Gensler has the most attitude on the team* + +*Ms. Janet Yellen, she's one of a kind* +*And you know just where to find her when the treasury declines* +*Together with the prez they had every single authority* +*To be one lean, mean, green, incredible team* + +*The Secret Plunge Protection Team* +*The Secret Plunge Protection Team* +*The Secret Plunge Protection Team* +*Villains in a Half-shell* + +*Pumping Power!* + +[Quick recap: PPT = šŸŖ‘s of FED + SEC + CFTC + Secretary of Treasury. The \\"Working Group on Financial Markets\\" reports to the President. ](https://preview.redd.it/hgesgpr1l9l81.png?width=1215&format=png&auto=webp&s=3e7fd20405acef246ce0a36361948910270d198d) + +The PPT is very likely the only entity who can pump out 90M, 50M, 80M, 60M and 90M SPY trades in 5 weeks. + +Why? Is it to save the market from dumping? Saving VIX from squeezing? (read some [DD on volatility & volmageddon](https://www.reddit.com/r/Superstonk/comments/t0b37p/the_liquidity_crisis_on_wallstreet_the_slow/)). + +That's where the timing of the spikes come in. There might be some coinciding timings of the volume spikes with the GME cycles. What's the relation between these? + +\*tinfoil time\* šŸ¤ŖšŸ¤Æ + +**The PPT** ***could*** **be pumping SPY to prevent a new GME cycle.** + +* Spike 1. 1/24 +c35 days = 3/1. + +March 1 is the day spike 5 occurred. + + +* Spike 2 + 3. 2/2 +c35 days = 3/10. + +Quarterly futures hit on March 10. +The supposed peak of the new cycle in the GME saga was predicted by ~~Zodiac Horoscopes~~ technical analysis to start around Feb 23 and the cycle peak was supposed to be at March 10. +See various TA posts of u/jamesroland17, u/pwnwtfbbq. + + +* Spike 4. 2/17 +c35 days = 3/25 + +Historically GameStop Q4 earnings report date has been in the third week of March. +Options expiring that week on Friday, 3/25. + +Is the pressure of a new cycle getting too much? So much, that the PPT has decided to ~~jump~~ pump in? + +A lot of speculation and assumptions in this post, so please discuss your thoughts! + +# TLDR: Extremely high SPY volume spikes with weird timings might point to something. IS THE PLUNGE PROTECTION TEAM PREVENTING A NEW GME CYCLE? + +&#x200B; + +šŸ¦šŸ’› +The wealthy dont leave money in banks, banks are risky for large sums and carry inflation risk. + +The wealthy store their money in mediums like Realestate, Bonds, Rare Art and Gold. The problem with these assets is they either carry default or counterparty risk (Bonds), are highly illiquid and hard to sell (Rare Art), or are hard to transport and geographically restrictive (Realestate and Gold). + +Bitcoin simply put is the first asset in human history that the wealthy can park large sums of money in while remaining highly liquid, having zero default or counterparty risk and all while allowing complete and frictionless geographical mobility. + +Bitcoin is the best store of value the world has ever seen not because it lacks volatility (Stability will form over time) but because there is zero default risk, zero counterparty risk, while remaining highly liquid and allowing complete geographical mobility. + +Bitcoin does everything at once, it fulfills all functions of a perfect store of value, something that has never existed before. + +I can envision a day not too far in the future when bitcoin is preferred as a store of value over Realestate, Bonds, Rare Art, Gold and of course bank deposits. +So, I've always owned up to being the less responsible one in our marriage. My wife makes significantly more than me (she's an RN, I'm working on a second degree) and she manages all of our bills, until recently (about a year after our wedding) we didn't even have a joint checking account. + +We've been talking about making some financial leaps recently (financing a car we can depend on, preparing to buy a house in the next two years). Thing is, every time I started to get into specific time frames and strategies for getting us there, I'm met with "I don't know, my credit is pretty bad". She had been telling me about owing on medical bills, and she just didn't seem to have much faith that we could turn her credit around and get on track to being able to put on our financial big-boy-pants. + +So, I did our taxes, and I figured a good next step would be to review our credit reports to see if there was anything on hers that we could close out and put behind us. It's way worse than I thought. She has one medical bill on her report that is in collections, but it's not a huge amount; however, it turns out she has 3 student loans I never knew about, all 3 of which are C/O. Also, her last semester of school was never paid for and is in collections. + +To make matters worse, her student loan debt has been channeled through 3 different offices, on each of 3 different loans, resulting in a total of 9 defaults listed on her report. + +Now, my score is in the mid 600s because I still carry about $50k in student loans that are currently deferred. Hers is in the low 400s. I think I can literally hear my plans for home ownership fizzling away into the air. So, what happens now? Should we try to consolidate? Declare bankruptcy? Should we just give up? I'm at a loss. + +I should note, I haven't talked to my wife about this. I really think it would benefit me to have some idea what I think we should do before we have this talk. Also, I'm a little shaken and I don't want it to turn into an argument. Please help? + +**TL;DR: I checked my wife's credit report and it turns out we are in way worse shape than I thought. We really wanted to buy a home in the next 2-3 years, but I don't know how to broach the subject with her, much less where to start picking up the pieces.** + +EDIT: This has to be the most helpful response I've ever gotten to a question I posed to reddit. I want to thank you guys for offering words of advice. In the last few hours, I've gone from shock and panic to some measure of hope and resolve. I'll still welcome any advice you guys have (since it's proving to be very helpful) but, truly, thanks again, redditors. +Possibly a ridiculous question to ask here but for those of you who do a great job of saving/investing do you ever look back and think maybe I put too much importance on that over other things in life? + +Undoubtedly most peoples financial regrets are about saving/investing too little/too late but I'd be interested in hearing any stories from the opposite angle. + +This isn't an excuse to go full YOLO but being seriously ill a few years ago I sometimes struggle to find the right balance for me when it comes to saving and living for now. + +I have heard it said before in financial discussions that a good way to combat this and find a balance is to put aside Ā£X amount every month for purely discretionary spending. You can then build up a pot of money to spend willy-nilly without feeling guilty. The problem for a lot of average earners is this often means either saving or spending, not both. + +I welcome any thoughts on the topic :) +Hi. I am a Staff Nurse, I used to work in private but now I have just started in the NHS. +I am planing to stay in the UK for 4 or 5 years. + +Is it worth it for me to enroll the pension scheme? +If I do enroll the scheme, when will I see my money and roughly how much? My salary is 32K +If I decide after 4/5 years to quit the scheme, can I have my money back? + +Thank You +CĆ©sar šŸ˜ +I am doing manual daytrading and swing trading and started to take this very serious even thou it is still a side job. + +Since I want to get it up a notch, I aquire a Nasdaq TotalView data feed and now the question is what environment one uses. I am a Java dev buy design but can do C# no problem but writing all my data processing code for day trading etc using Dart+Flutter. + +I now ask myself what algortrader use. I understand that there are special hosting platforms providing a good enough environment, data streams and access to different broker APIs and different language options. + +My goal is now to understand the ecosystems you guys are using and if some are just providing their own software directly consuming market data and directly interfacing with a brokers API beside any middle man. + +Any piece of knowledge and advice is highly appreciated! + +PS: I am currently start a reading spree regarding algo trading so I am still highly incompetent and currently just learning how little I really know. +In my time lurking on this subreddit, I've noticed that theme of the posts tends to center around the price action of currencies, options, equities, etc. I've also seen many posts of people trying and failing to apply the latest and greatest machine learning techniques to the price action with dismal results. + +For those new to this subreddit, I would encourage everyone to take a step back before diving in and answers these three questions: + +1. What information am I using to make my trades? +2. How noisy is the information I am using to make my trades? +3. How many other people have thought of using this information to make their trades? + +While throwing extremely cool statistical/computational tools at common data sources is fun, if you cannot answer these questions, the odds are stacked against you for success. + +Generally speaking, to make money within a market you can just toss dollars into the S&P 500 and let it do its thing. If you're interested in making *more* money than the market, as is the case for most people, you will need to have alpha, or excess returns on the market. + +As a general rule of thumb, everybody in their right mind will mine alpha into a non-existence when they find it. After all, if it's true alpha, what is the incentive not to? That said, while the big hedge funds are sharks chasing down every ocean of alpha they can find, there still exists many pockets of alpha that can be lucrative for day traders like us. As a simple example, if you are in the WSB subreddit and saw the Discords flooding with people eager to pump GME in January, you now have alpha, which is extra knowledge that the volatility of GME is likely higher than what everyone else in the market is expecting it to be. + +The three questions posed above are fantastic litmus tests for alpha. If you're trading information is not unique or proprietary, chances are you have little alpha. This doesn't mean you'll *lose money,* it just means you wont get risk-adjusted returns exceeding the market. Right now, many people are experiencing that with the recent bull market, making great returns, but likely off the shoulders of the bull market and a tad bit more of risk. + +So, when making your next trading strategy, deeply consider your resources, abilities, and strategies with respect to those questions above. If you're an individual trader with limited capital and resources, instead of pursuing a price-action strategy that trades the same information available to everyone in the world, perhaps consider picking a subset of the market and start digging into data not available on the terminal. This will begin to allow you to have alpha, and greatly increase your chances of finding alpha not mined by everyone on this planet. + +For example, instead of feeding technical indicators into a neural net or running PCA on FRED's bond yields, which are taught in every financial course, perhaps try something like researching online marketplace stocks, learn how they generate revenue and what factors affect their revenue, and begin to run your own fancy models on these underlying factors. You may begin to realize that you in fact can predict these underlying variables very well, and if you are able to find probability distributions of outcomes for the factors of these companies, you may start finding yourself able to predict the outcomes of stocks much more easily than based off trading indicators. As you stack layers onto your strategy, of course you can still factor in public information like price action, interest rates, industry performance, etc, but by incorporating substantially more information into your models, you will likely achieve far better performance than your original models. If you combine that with hedging and diversification, this makes for a very strong trading strategy. + +In fact, much like many things in life, I would encourage the following approach: + +1. Find companies or stocks that do things you're interested in or knowledgeable in +2. Research and study every aspect of these companies, from products to higher-level relationships with the world economy +3. Find ways to predict outcomes for aspects of the company (with an associated probability), which could be as simple as scraping data from industry experts +4. Find a way to relate these outcomes to financial aspects of the company +5. Find a way to relate the financial aspects of the company to the stock's value +6. Repeat, diversify, and hedge + +For example, if you are a biology nut, why not scan the FDA's calendar for clinical trials, study the underlying research, get a rough idea of the trials outcomes, look at comparable companies with successful/unsuccessful drugs, and estimate how the company's value might change depending on the outcomes. If your expected value is higher than the stock price, you invest, if not, you short. You repeat for a basket of biotech stocks, you hedge against the biotech industry, and monte carlo the outcomes to get a feel for the security of your portfolio. That right there isn't a half-bad idea. + +**TLDR; When creating trading strategies, given limited capital and information, try to focus your trading strategies on aspects of the market that you likely have the advantage in. You only have to find one stock that your better than everyone else at to be profitable. If your strategy trades the same data that everyone else is trading, you better be the smartest person with the most capital. If your strategy, however, is to specialize in particular areas or themes throughout the market and become more knowledgeable than everyone else trading that aspect of the market, odds are much more in your favor.** +I know this is kind of off topic but I expect the best answers to come from this sub. + +I don't understand how a leveraged ETF can have an expense ratio lower than the fed funds rate. This must mean they are not using margin loans right? So how are they achieving their exposure? + +Thanks + +Edit: Is it just using options? +I am looking for a platform that can connect to a variety of brokers in order to reduce the amount of work it would take to expand to other execution venues and asset classes in the future. + +It needs to + +* support algorithmic trading (obviously) +* connect to Binance Futures +* connect to Interactive Brokers + +Preferably it should + +* run natively on Linux +* have a GUI +* support implementing strategies in Python + +The most suitable platforms I have found so far are Quantower and Zorro Trader, but neither run natively on Linux and only Zorro supports implementing strategies in Python at the moment. + +Does anybody have any recommendations? + +Following the latest statement released by Danny Brewster, CEO of Neo & Bee Ltd, we, the personnel involved at an executive level within Neo and Bee, feel it is appropriate and justified to make the following statement regarding the mistruths and outright lies being fed to investors, creditors and the public. In the interests of preserving the potential that the company can be turned around, we had remained silent on the matter up to this point. + +The senior management team would like to extend their deepest regrets for the events that have transpired with Neo & Bee. Every member of the team was wholly devoted to the cause of making the company a success and dedicated their every hour to this cause. We equally regret our inability to rectify the situation and protect the profit shareholders and actual shareholders (Danny Brewster). We were misled and the truth was obfuscated from us under so many layers, that combined with our workload, proved enough to allow the CEO to run rampant, without accountability and with full control of all the bitcoins, until it was too late. + +After a lot of silence, and possibly after he was informed by the media of the arrest warrant, he posted the ā€œfullā€ picture on Reddit (http://www.reddit.com/r/Bitcoin/comments/232v5n/the_full_picture_from_danny_brewster/) + +The following are the facts witnessed and attestable by senior management at Neo & Bee Ltd. It is most of what some of us have personally testified with all existing documentation, to the local authorities. Anyone willing to verify these should please contact them. + +Danny Brewster is the sole Director, shareholder and CEO of the group of companies. He was solely responsible for raising approximately 9.400 bitcoins prior to hiring any employees through crowdfunding on multiple platforms. Once we assumed our duties, we repeatedly made requests regarding transparency of bitcoins in the companyā€™s possession so that the CFO could perform his duties. The CEO never divulged specific documented information regarding the IPVO bitcoins and amounts. To this date, and unless further information is revealed by Danny Brewster, the CFO is unable to account for the majority of bitcoins allegedly expended. Danny Brewster was the sole custodian of funds raised from the IPVO and despite repeated requests from both the CFO and Compliance and Risk Management Officer, he consistently deflected and delayed any attempts to have the coins witnessed or accounted for - increasing concerns leading up to the events of March 19th. + +Tuesday 18th of March Mr. Brewster told a member of the management team that the company had 5000 Bitcoins remaining. This directly goes against what was said the following day. + +Mr. Brewster called a meeting for all of the senior management team on the 19th of March in which he informed us that the company was down to its last 140 bitcoins. Mr. Brewster proceeded to give a very rough and incoherent breakdown of where the funds had been spent. After revealing the lack of funds to his employees he went on to raise the possibility of selling more ā€œprofit sharesā€ to increase liquidity. All employees sternly objected to this and the idea has since not been raised since. In defence of the sudden announcement on the 19th of March that the company only had 140 bitcoins remaining, Mr. Brewster stated in front of the same people that he had mis-accounted for 5000 of his own bitcoins, bitcoins he thought he owned but after ā€œcheckingā€ a wallet, realised had actually spent them all. + +How Mr. Brewsterā€™s personal finances are relevant to the financial situation the company found itself in is highly questionable. Should Mr. Brewster still have owned these 5000 bitcoins, the company would nonetheless be in the same situation, albeit with a potential credit line. Mr. Brewster claims varying amounts between 1400 and 1700 of the companyā€™s bitcoins were lost in We-exchange/Bitfunder. Mr. Brewsterā€™s claims that none of the companyā€™s coins were lost in Mt. Gox directly contradict information given on the 19th of March to the whole of the management team, that we in fact lost 2480 bitcoins in Mt. Gox. We are aware Mr. Brewster now claims 369 of his own funds were lost in Mt. Gox, but again this has no relevance on the companyā€™s finances. + +His personal investment in the company (claimed in an older newspaper interview) varied upwards to 6 million (assuming Euro). There is no logical trace of this investment or where it was spent. At the same time, it appears to us, that he customarily made payments through his Bitstamp account to creditors, and many of us have multiple indications that he was trading there and in every other major exchange. When asked, he always replied that it was his personal holdings. There are conflicting statements from him, which indicate that he never separated the company funds from his personal. Bitcoins lost in the exchanges were at some points reported to be his, and at other the companyā€™s. + +Mr. Brewster came to the office for one hour on Thursday the 20th and one hour on Friday the 21st. On Thursday the 20th it was made very clear to him that the whole of the management team wished Danny to be removed as the CEO. Danny agreed to step down after transferring control of the company to investors. He claimed he was flying to the UK to speak with investors the following week. After leaving on Monday the 24th, no one was able to get in contact with him until the 28th when he wrote to us that due to threats against his daughterā€™s life he should remain silent, and in England (despite his daughter being in Cyprus). The supposed threat email is dated 26th of March, while Mr. Brewster has been out of contact long before that. We mentioned this claimed threat to the local authorities here on the 28th as well, since any potential threat of any form should not be taken lightly. They said that this was the first time they heard of it, from us. + +Danny claims this alleged threat also caused him to decide to transfer the company to an administrator for restructuring or liquidation. Despite considering this before leaving, as he said to us, he only settled on it after said threat. On the 31st, we sent him a demand letter requesting he returns and give explanations regarding his absence in the face of dire problems with the company, and the brand decomposing each day he is away and the company is unfunded. The deadline expired on 18:30 Cyprus time, April the 2nd, Wednesday. + +He posted his reply on the morning of the same day, causing an outrage of the personnel and management that were in the office, still waiting for any sort of coherent response and a way forward. No documentation regarding the bitcoins he supposedly has accounted, has reached the personnel of the company, despite the numerous demands from us, and claims from him that they ā€œare all accounted forā€. + +Claiming that the threats may have originated within the company is simply adding insult to injury. The people that worked ceaselessly and tirelessly over long hours and weekends, the same people that said they would go unpaid for months when he said he had no more bitcoins, the same people that tried to save his brand, willingly working for an increasingly unlikely wage while he was away, were suspect for threats in his books. For all of the above reasons, upon reading his last response, everyone in the company filed our resignations to be forwarded to the local Registrar of Companies, in absence of the CEO. + +A recommendation to halt trading was sent to Mr. Brewster on the 27th. The recommendation was sent to hinder any insider trading activity, considering that it was unlikely that the information about the financial situation of the company could be contained, if he remained in hiding. We were not contacted before trading reinitiated on Havelock on the 4th. + +Mr. Brewster has personally sold bitcoins to local Cypriots and staff, and remained the personal custodian of these bitcoins. These bitcoins are now unaccounted for, and the management team was left to face these creditors who we didnā€™t even know had bought bitcoins from Mr. Brewster. We invite any more that have a documented sale of bitcoins from Mr. Brewster and placed under his custody, to present said evidence to the authorities. + +Also, contrary to Mr. Brewsterā€™s claims that he left the island with none of the companyā€™s money, he did in fact and still does hold the companyā€™s remaining 140 Bitcoins (if thatā€™s whatā€™s left).The 140 BTC were never delivered to cover any debt or running expenses despite him being asked and confirming this verbally to all present. His claim later on, was that his lawyer had advised him not to send the coins. To this day we can only assume he is still in possession of these remaining coins. + +He is also in possession of personal bitcoins of two employees (~50 bitcoins), as well as at least the bitcoins of multiple other people who bought from him as mentioned above, and entrusted their coins to him for safekeeping. While we now know that one of his cars has changed owners Mercedes and the Bentley is in a car dealer with other plates (probably sold as well), he has remained silent, despite having clearly said that potential funds from selling the cars would go to paying salaries and creditors. + +Which brings us here. We will remain in contact with the community and authorities to clear this situation out to its full extent. This was the doing of one person in full control of a businessā€™ funds, not technology and certainly not Bitcoinā€™s. What we face, is in its core, a corporate governance failure, pervasive in conventional businesses even more often than it is in Bitcoin businesses. Contrary to conventional businesses, where regulation is the only response, the tools are available here, to ensure in the future that these things donā€™t happen. + +- George Papageorgiou, former COO +- Ƙystein Aaby, former Compliance and Risk Management Officer + +Original thread: https://www.reddit.com/r/wallstreetbets/comments/90hnzb/next_week_yolos_30k_googl_puts_105k_fb_calls_575k/ + +What you are all here to see, my robinhood graphs: + +- 1 Day: https://pbs.twimg.com/media/DjCxYglVsAEANiD.jpg +- 1 Month: https://pbs.twimg.com/media/DjCxYgkUUAIiElJ.jpg +- 3 Month: https://pbs.twimg.com/media/DjCxYglUwAAEdg9.jpg + +Options were a supermajority of my portfolio, which explains why the percentage moves are so large. + +1. I would have preferred to have not lost ~$185k in a day + +2. Fortunately, I am not under any duress mentally because I am up ~$120k or 75% on a 3 month basis + +3. I will be aborting the majority of the remainder of the plays outlined in the original post. I will retain a *very* small amount of both options and will be cheering for their earnings + +I'm 24 and only started trading options in the March of this year, as you can tell by my yearly graph: https://pbs.twimg.com/media/DjCxYgkUYAEvrWt.jpg . My plan was to just absolutely yolo the entire time to see what happens. Turns out I won for about 4 months straight until I lost, and luckily for me the loss still left me with significant winnings overall. I will not continue YOLOing, and have decided to take my winnings and go home (relatively speaking). This is a learning process for me, the first earnings season (Q1 2018) I learned not to trade FDs. In my second earnings season (Q2 2018) I learned not to trade on earnings. + +Plan going into future: + +- Significantly shift portfolio allocation so options goes from 70%-> 5-8% ish. +- Have a decent cash position on hand so I can buy if markets dip because of a Trump freakout + +TLDR: I will de-risk my portfolio significantly while I am still significantly in the green. Will still stick around but play with a significantly smaller portion of the pie, basically quitting while im ahead. + + +VeChain provides tremendous opportunity for the quality assurance market for both investors, consumers, and companies. The current team and roadmap has a lot of potential and the product is continuing to develop. Its recent price action and popularity has put it on the radar for many companies and investors. + +For investors, with Thor power, it provides a passive income. Long term, you want to work less not more. Additionally, you would be able to trade the crypto assets for a profit. VeChain is considered as one of the more undervalued crypto assets at the moment. + +For consumers, it proves quality assurance and allows systems to integrate together more seamlessly. Imagine a refrigerator that is able to assure both the quality and freshness of the products within it. + +For companies, the decreased cost of transactions due to blockchain could save tons of money and decrease cost for consumers. Imagine removing the payment middle man such as VISA or the bank and companies now have 2-3% more room to lower costs. +With a run to close out the week and the fed and Trump trying to boost confidence, do you feel like the market will once again drop on Monday or do you feel like it will bounce back with its momentum to end the week. +Tldr: back injury from past not sure where from. Going for surgery on 18th. Asked to resign by boss who already lined up someone to take my place. House came with job so I need to move too. + +I found out I had a herniated disc in January which has progressed and has become much more serious to the point I struggle in daily activities so eventually after about 5 doctors, hundreds of painkillers and physio I was booked into surgery on the 18th. + +I started my job in May which came with a house, however I have been struggling to do my work duties so I sought out getting a medical note to not be able to work to claim my tpd insurance. However I keep getting told to push it out to my surgery which is unrealistic because after my surgery I will still be high risk, I will just not have the symptoms. + +Now I have been asked/encouraged to resign by the boss who had already lined someone up to replace me. This means I have to move while I'm in recovery, pay for my surgery with no income and find a rental without an income. + +I just need help financially, I'm under alot of pressure and stress. What can I do/ apply for? + +NZ citizen on a special visa residency in QLD +My SO is in the middle of job seeking. There might be a chance that one of the job confirms before another one. The latter position being more related to the past study and experience, and possible better future. + +We are in a financial condition that we canā€™t afford to refuse the first and ends up with nothing. We understand it is impolite to quit ā€œright afterā€ one started at a job. + +But what is the definition of ā€œright afterā€: + +Is there a cool down time legally before you can submit 2-week notice after started a job? + +What is a good definition of cool down pertain to the social contract aspect? + +tl;dr : how soon can you legally (or socially) after you started it? +Hi, just a quick one. + +I have a about 3.5k in HECS left. +Will the banks make a big deal out of it and reduce my borrowing capacity? +Or should I pay that off before applying for a loan. +Reason is I have want to keep increasing my deposit and reach my target of 120k before my pre approval later this month. Only a few kā€™s to go. +Here's a quick reminder of GME volume YTD. + +I used a GME float of 58.06 million for my calculations, which as we know, is an overestimate of the shares available to trade. The true % of Float traded is actually much higher. + +&#x200B; + +**Table 1:** **GME Weekly Volume YTD** (34 weeks) + +[3.994 Billion GME shares traded in 2021. That's 58.45x the GME float \(used 58.06 million\). 46.35&#37; of the total volume was traded OTC or ATS.](https://preview.redd.it/388i0p3j4hn71.png?width=1538&format=png&auto=webp&s=31956b4ccded4b040594d81495e5064038480c83) + +&#x200B; + +Let's take it back a little further to see what October of 2020 looked like... + +[Those first 2 weeks in October were juicy as fuck. Some solid volume during the weeks of 11\/30 and 12\/7, which coincide with the Quarterly futures dates of 12\/10 to 12\/18](https://preview.redd.it/xj27p2h85hn71.png?width=1463&format=png&auto=webp&s=87cde7c7dceca272a3aac8f3fd33fdf88e4f7e0e) + +# + +# Let's check back in with Robinhood + +In case you missed [Part 1 of the Crooks Cookin' the Books](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/) series on RH, [here's a link](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/). + +Here's [Part 2 of the Crooks Cookin' the Books](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) series. + +[RH slowly losing ammunition to high frequency trade OTC](https://preview.redd.it/3n2ngip6ehn71.png?width=1011&format=png&auto=webp&s=c728f75326e0ce5e4036b7ca4cff8ecbc489a00b) + +# + +# How does GME compare to other top traded OTC stocks? + +Here's a graph that shows GME shares/trade vs other OTC stocks shares/trade. The stock tickers are sorted from highest total OTC trades during the week of 8/16 - decreasing from left to right. + +GME was the 32nd highest traded stock during the week of 8/16. + +The only stock with a lower average shares/trade than GME was Amazon at 14.05 shares per trade and a price per share of over $3200. + +[GME Idiosyncrasies](https://preview.redd.it/xnl9h3vhbhn71.png?width=1361&format=png&auto=webp&s=e2cc21a43934fdcca92edc9f2b9b47c7f0e00dc3) + +It's a small sample size, but you can see on **Table 1** that entire OTC shares/trade range from an average of 155 to 357. GME has been under 50 shares per trade in 28 out of past 31 weeks. + +&#x200B; + +Here's a larger sample using **Monthly OTC shares/trade**: + +# Monthly View of GME vs. Entire OTC shares/trade + +&#x200B; + +[The entire OTC data includes GME](https://preview.redd.it/m76tig26min71.png?width=884&format=png&auto=webp&s=cc479fbc81ec158dcba87f84fb0acb8fad0c2966) + +&#x200B; + +Here's my post on some other [GME Idiosyncrasies](https://www.reddit.com/r/Superstonk/comments/oejtty/the_otc_conspiracy_gme_idiosyncrasies_and_the/). + +# + +# Cellar Boxing + +Here's a graph showing what the Hedge fucks did to Fannie Mae stock from 7/2007 to 8/2008, leading up to the market crash. Looks to me like cellar boxing 101. + +[They shorted the shit out of Fannie Mae leading up to the Market Crash of 08](https://preview.redd.it/wr8zkb936hn71.png?width=967&format=png&auto=webp&s=6273f370409e534fac44c5b4a422ea19772aa959) + +&#x200B; + +[Here's my post from May for a little more context.](https://www.reddit.com/r/Superstonk/comments/nh3ywt/rc_ventures_and_freddie_mac_a_quick_dd_on_why/) + +&#x200B; + +# Who was responsible back then? + +[A few familiar faces](https://preview.redd.it/k6ue60bsdin71.png?width=950&format=png&auto=webp&s=e9120a463501c855b7dbaeef6a274c2215fa9425) + +&#x200B; + +And here's what the hedge fucks did to the GME stonk from 9/2018 - 8/2020, shorting it down from a high of almost $17 to a low of $2.57. + +[DFV and RC saw an opportunity](https://preview.redd.it/3ypos3n87hn71.png?width=1630&format=png&auto=webp&s=f0c4c8896c6a6a7446bde0315baacdc459f1171b) + +GME Daily volume 2018 + +[2 Volume spikes, 8\/27 \(\~14 million\) and 9\/5 \(\~17 million\)](https://preview.redd.it/gztdhf378hn71.png?width=2080&format=png&auto=webp&s=db07e1f7b682bc4ede825528b2aa4653fa2b4efd) + +GME Daily volume 2019 + +[2 volume spikes, 8\/22 \(\~28 million\) and 9\/11 \(\~33 million\)](https://preview.redd.it/0lg33icv7hn71.png?width=2046&format=png&auto=webp&s=0118b1a30807964a0d791ee60e8fe2b31197759a) + +2020 Daily volume + +[Several volume spikes. 8\/31 with \~38 million, 9\/22 with \~35 million. October 8 and 9th with \~77 million each!](https://preview.redd.it/s83f1oie8hn71.png?width=1769&format=png&auto=webp&s=a5a3189b3e591f7b24616b8626d69dddd9eb1a07) + +[Here was my prediction (8/22) of the first August/September spike (8/24)](https://www.reddit.com/r/Superstonk/comments/p9ma8x/tens_of_millions_of_worthless_otm_puts_were/). + +https://preview.redd.it/jqqh338r6in71.png?width=1857&format=png&auto=webp&s=5cde307cd8e1de25ba38b529c36040e28bf96f12 + +&#x200B; + +So far, we've only seen one August/September volume spike (8/24). + +I'd like to see them come up with 35 million in daily volume with millions of apes HODLing and watching their every move. + +If no one is selling, where might the price go? + +&#x200B; + +The Infinity Pool gets deeper every passing day... + +https://preview.redd.it/9caj0ie8vin71.png?width=1000&format=png&auto=webp&s=f016049e35cf9c6a07dd0ac3684104be6fcc64bf + +SeptemBRRR, OctoBRRRRRR, NovemBRRRRRRRRRR, DecemBRRRRRRRRRRRRRRR + +Buy, HODL, and Buckle up! + +&#x200B; + +&#x200B; + +**Edit 1**: u/HotBoyFF asked a [great question](https://www.reddit.com/r/Superstonk/comments/po4e7b/dont_fall_for_the_yahoo_false_float_anchoring/hcupiqv?utm_source=share&utm_medium=web2x&context=3) about how the % Float traded off exchange compared to other stocks. + +[Here is a link to my post where I compared GME to 33 other stocks](https://www.reddit.com/r/Superstonk/comments/n5q76p/the_otc_conspiracy_part_2_shining_some_light_into/). I used a GME float of 26.7 million for that post, as that is the number of shares we calculated that were available to freely trade in May. + +[Over 4000&#37; of GME float traded OTC in Q1 \(using a GME float of 26.7 million\)](https://preview.redd.it/jjtcz3zfqin71.png?width=1198&format=png&auto=webp&s=767639aff8be0d36f4521911f7a2531586bb0e9f) + +&#x200B; + +[This OTC data is prior to RH cooking their books in August](https://preview.redd.it/i1wtmhd6rin71.png?width=1520&format=png&auto=webp&s=9466981461aa1fe4e18781832c45391edc67a496) + +Here's an Updated table: + +[4052&#37; of GME float traded OTC in Q1 \(using float of 26.7 million\)](https://preview.redd.it/0epokebqsin71.png?width=1529&format=png&auto=webp&s=a6e2d34ff201c76c4a750c6bc0b06f715ef62cfc) + +&#x200B; + +[Here's the same data using a float of 58.06 million](https://preview.redd.it/7l5ib8l2tin71.png?width=1526&format=png&auto=webp&s=d828b3d80b80ab9cbeb97a8cf5a0271ff00bdbd0) +Somebody explain this to me. NVDA smashes earnings with a massive beat. Demand surges. Revenue soars. By all metrics earnings was a win for the firm. Andā€¦ NVDA stock dives for the pits of hell to open. WHAT +My wife and I just purchased our first home at the end of February. Last week I received a collections letter from a collections agency attempting to collect on a 15 year old debt that was paid. Before we moved, I purged all files over 7 years old since they would not be needed. I now have now way of proving this was paid. + +Quick back story: I was at Central Michigan University living in an apartment with 3 others from fall of '96 to spring of '97. When we moved out, I got stuck with an $800 phone bill. It went to collections where it was resolved a few years later. + +The debt occurred in Michigan which is where I currently reside. To my knowledge, Michigan has a 6 year limitation on debt collections (going to court). I would like to compose a letter that references this and essentially tells them to never contact me again. What are my options? + +TLDR: received collections letter for 15 year old debt and no longer have records proving payment. + + +Edit: Thanks everybody for the advice and sample letters! +Me and my man are young adults with a toddler. We are currently renting a half-house duplex for an awesome price, however we want to expand our family but we don't have the space, so we began talking about homeowning. + +I have some property which is on a First Nation reservation that we were going to build on, but for the mortgage offered to us by the bank I don't think it'd work for the price of lumber, other materials, and labor costs. So we decided that we should start looking elsewhere to buy a home. + +I seriously cannot find anything local to me, for less than $500,000 unless its an empty property. + +Well, there goes my dreams of ever owning a home even if I do everything right. The maximum cost of a home that I could get is about $305,000 but its hard to find anything for that. I hear things about the market going down, so with that is it worth waiting? How can anyone like myself find a place to call home unless I have millions? These times are crazy, $800k for a decent house.. +I've been building this portfolio for over 5 years now. When I first started I had no idea what I was doing, but over time I learned more about investing and investing strategies, and I decided to go with a Dividend Growth Portfolio. My ultimate goal is to be able to live off the dividend income when I retire. + +The entire portfolio is on a DRIP so I can take advantage of automatic re-investments with no trade fees. The only position that isn't Dividend Growth is my WEED holding, which I plan to hold forever as I already made back my initial investment and sell covered calls on it every month. Take a look and let me know what you think! + +**TFSA** + +* Enbridge (ENB) - 215 shares +* Bell Canada (BCE) - 103 shares +* Emera (EMA) - 103 shares +* Brookfield Infrastructure Partners (BIP) - 103 shares +* Brookfield Asset Management (BAM) - 50 shares +* TD Bank (TD) - 50 shares +* Royal Bank of Canada (RY) - 50 shares +* Canadian National Railway (CNR) - 25 shares +* Waste Connections (WCN) - 25 shares +* iShares REIT ETF (XRE) - 275 shares +* Canopy Growth (WEED) - 100 shares + +**RRSP** + +* XAW - 200 shares + +&#x200B; + +My TFSA is all Canadian holdings so I can avoid currency exchange fees, and the TSX stocks are generally well suited for this strategy. My RRSP is where I get US/International exposure through 1 simple ETF. I will continue to add to these positions on dips, and will look to add more DGI stocks like ATD, FTS, GIL, QSR, WSP, and several others over time. + +Thoughts, criticisms, and suggestions are all appreciated! +My current employer has recently announced they will be soon starting an employee share scheme which allows employees to buy up to Ā£150 of shares per month tax free, they will also be contributing 1 share for every 6 that are bought... Its a very well established travel company, share price is currently 1436(was 900 at start of pandemic) and pre covid price was around 3600, does this seem like a good investment over the next 5 years or so, considering travel should resume in the next 6 to 12 months? +You just retired with a very safe 3% withdrawal rate. You hate your city and lived there for the high income. Where do you go? + +Countryside? Beaches? Rural? Urban? Any specific dream spots? +I'm in my first year post-FIRE and utilizing MA's ACA health insurance. My understanding is that if my income is below 138% FPL (around $19k) then I will be bumped off my current plan onto MassHealth (MA's medicaid) which is a much more restrictive plan. So, I want to make a minimum amount of income. + +When I was back-of-the-napkinning pre-FIRE I assumed that everything I pulled from investments would count as income, and that since my expenses are well above the minimum income, I'd have nothing to worry about. It turns out my capital gains are only up to 30% of any of my share lots, so to make the minimum income I'd have to pull more from my investments than I need over the next year. I don't want to hold a ton of cash because inflation, and I'm fairly leanFIRE so want to keep as much as possible invested. + +I'm wondering if there's a standard strategy to reach a minimum income, eg by selling and re-buying stocks. I'd imagine that there are people who make sure to realize all the 0% tax rate CGs to optimize their taxes. How do they do it? Does wash sale rule or any other rule add any complication to this? + +If you know of some FIRE blog post about this, or have personal experience, that would be super helpful. + +Cheers! +Hello fellow apes, + +Welcome to my 3^(rd) Day of live charting since u/WardenElite took his leave of absence (he is missed). I'm gonna be a bit slow today since I was up till 4am reading and re-reading GMEs proxy statement. + +On the subject of streaming. Looks like I'll give Monday a shot I'm pretty confidant that I can handle both at this point. This is a link to my YT if you guys want to subscribe for notifications [https://www.youtube.com/channel/UCYmgi8psSbIWiSR2tefHbug](https://www.youtube.com/channel/UCYmgi8psSbIWiSR2tefHbug). + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, **150**, 152.5, 156.5, 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, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +**Questions are always welcome I will reply down in the comments as often as I can** + +# End of Day Wrap-up + +So it looks like we closed the day on a nice uptrend again, some sell pressure from people not wanting to hold the position over the weekend kept us below that 152.50 resistance.Tiny battle on the last candle to keep us from closing positive but the bulls won + +**Closing Price of 151.20 up 0.02% for the day on 3.94m Volume.** + +Honestly I expected more action anybody holding lottery tickets (0DTE) calls they bought this morning did well if they sold during that big uptrend around 2pm EST. + +So Some information about the pokeball, it is not exact science it looks like we dropped out of mine but I've looked back at warden's and his endpoint is further out. I prefer to draw my indicators more conservatively. This really just means that we are in a "zone" so to speak where we can expect higher than normal volatility. + +IV is super low (this is good) going into next week I will be looking at open interest on options this coming Monday to determine any upcoming options plays. + +Additionally the coming week we may see institutions setting up to recall their shares for the upcoming meeting. There is no way to tell when this will happen. But a word for my fellow apes if you have not yet called your broker to determine if your shares are being lent out do so now. Do not fall prey to the bysatnder effect assuming someone else will do it or "I only have x shares), you are an owner of a business it is your responsibility, nay, duty to vote your shares so please make sure your shares are in your account to vote on June 9th. + +Lastly Monday morning I will begin streaming as I believe the MOASS is approaching in the near future and being able to relay live updates in the run up to that is of great importance to this community. My YouTube can be found at the top of this post and on my profile. + +Again, Thank you for all the kind words and support for those of you that have rallied behind me. I had big shoes to fill and didn't feel entirely confident in doing so. So your support has meant more to me than you know. + +Till Monday Apes!!! + +\-Gherkinit + +&#x200B; + +**Edit 59 3:45** + +Weakness here we will probably close above VWAP but below the 152-153.5 resistance. + +https://preview.redd.it/yt5zrw5d8zu61.png?width=1026&format=png&auto=webp&s=df90e9d090ad9c1054ccfbf9ce1d7b3980b1ea46 + +**Edit 58 3:35** + +Looking for this test to carry us to close + +https://preview.redd.it/84ym25jr6zu61.png?width=849&format=png&auto=webp&s=4692f680e3c2aae3adf77449e62e748237400554 + +**Edit 57 3:28** + +I know some people disagree with me using iborrowdesk, but I just use it as a gauge of the short positions. They have used up quite a lot of shares today. If we have an upward move I highly doubt they will be able to put much reverse pressure on it. + +**Edit 56 3:22** + +So without volume it will break down as seen here + +https://preview.redd.it/1a2r6rtd4zu61.png?width=1124&format=png&auto=webp&s=824656c3fc97d4b9a3c856989c2121f00c0ca47c + +**Edit 55 3:18** + +This is looking like a strong reversion coming into the last 30. If volume comes in we are gonna move again + +https://preview.redd.it/ty7clo2o3zu61.png?width=1171&format=png&auto=webp&s=7aea4b0489678d87c39efa623a840f0a51dd4b51 + +**Edit 54 3:04** + +Looking for a bounce here. we could drop back down to VWAP though. Volume =low + +https://preview.redd.it/afbzl7wc1zu61.png?width=869&format=png&auto=webp&s=4052598a4a6aa2b2b16c07388833d2621ad6d330 + +**Edit 53 3:00** + +Power Hour! I am JACKEDDD TO THE TITTZ!! Are you? + +https://preview.redd.it/bswayx6u0zu61.png?width=334&format=png&auto=webp&s=8ea88cf87eb0a9ffad46ff2b760c50d6e63da5a9 + +**Edit 52 2:46** + +Re-drew that bear flag cause I was wrong about were the resistance was + +https://preview.redd.it/2l7yjbm7yyu61.png?width=781&format=png&auto=webp&s=ed3a0a5059041faa55ad2b50d3e50f830be0e4b1 + +**Edit 51 2:41** + +Retesting resistance sell wall of 2000 at 153.5, GME needs to get through that for more upside action + +https://preview.redd.it/ii2fw3agxyu61.png?width=904&format=png&auto=webp&s=6978847ab38965e1dce92017053d0a71812c0692 + +**Edit 50 2:39** + +Changed flair to DD now that we are over 2500 words. We have kind of low visibility apparently maybe people could reach out to the mod team to get this pinned. Please don't DM them. + +**Edit 49 2:33** + +Looking at these 2 trends right now + +https://preview.redd.it/ozms2cguvyu61.png?width=1038&format=png&auto=webp&s=17ef7e1e9a53a819ee60b38499c559af365958ed + +**Edit 48 2:30** + +Small bearish breakdown , best to stay above 150 and break out of this trend to the upside + +https://preview.redd.it/eat7px16vyu61.png?width=656&format=png&auto=webp&s=4110a8d2ef002e8408dd805ad7ea0e5b60999cd5 + +**Edit 47 2:25** + +Updoot indicator + +&#x200B; + +https://preview.redd.it/izh9o1deuyu61.png?width=77&format=png&auto=webp&s=7b5eb600d39f89943f750b79b6b60222bee34da5 + +https://preview.redd.it/kixy0f33uyu61.png?width=289&format=png&auto=webp&s=cf695d7df5add77ed6e39cb2a7007cc6ee0440e5 + +**Edit 46 2:20** + +Looks like from 150-160 we could hit a small gamma ramp lots of open calls in that range + +**Edit 45 2:16** + +Turn around and Re-Test still looks bullish. up .22% on the day + +https://preview.redd.it/c4igyjbwsyu61.png?width=848&format=png&auto=webp&s=9ce02047af3a17a9d4c7b8c296ff9276083333e4 + +**Edit 44 2:10** + +326k on that move, let's consolidate a little and see who else wants some stocks. + +https://preview.redd.it/0pmqloztryu61.png?width=806&format=png&auto=webp&s=7246e7d6d18706f4b6de8cc3d6e6e0d5840f75d8 + +**Edit 43 2:07** + +Next test 156.50 + +**Edit 42 2:05** + +Look at them trying to hold us back, don't they know apes are four times stronger than an average human. + +**Edit 41 2:04** + +**AND** HERE COMES THE FOMO! + +**Edit 40 2:00** + +This is actually a great retest of 150. Volume, check, breakout, check. Strap in apes. + +**Edit 39 1:59** + +Look at me now + +https://preview.redd.it/895cm5bupyu61.png?width=1053&format=png&auto=webp&s=72dfdfdb5fe8c5720f2572feef6203312dcd4e63 + +**Edit 38 1:56** + +Technical analysis can't be used on a manipulated stock, whaaa ;(. Me- + +https://preview.redd.it/05eaicjbpyu61.png?width=1024&format=png&auto=webp&s=8779ce0a8fd8cc4fa67ae87a129cee33b500e2c2 + +**Edit 37 1:52** + +Little consolidation wedge/bull pennant. Probably break up. + +https://preview.redd.it/x6llhqbgoyu61.png?width=761&format=png&auto=webp&s=e3447e5b65c7a6f4cb5517ee03b2eca48d0335e0 + +**Edit 36 1:34** + +We still need another test of 150 if we want to see some movement. Volume still low. This is were we stand + +https://preview.redd.it/ase9tzzblyu61.png?width=1083&format=png&auto=webp&s=899004cbf81ad4c0b75070baf9ad12e40b982fc4 + +**Edit 35 1:15** + +From Investopedia. **The Carly Rae Indicator**: Formed off an intraday quasi-cup & handle pattern on the one minute time chart. The Carly Rae is known for launching apes through previously unheard of resistance levels. But like most pop stars she is low on volume. She's a fickle bitch, but she's bullish AF. /s + +**Edit 34 1:04** + +Carly Rae Jepson Technical Indicator confirmed! + +https://preview.redd.it/mxzba2iufyu61.png?width=720&format=png&auto=webp&s=5554733956a0c5bd98675d4f346d8e269072b9fa + +**Edit 33 12:56** + +Carly Rae Jepsen's song "Call me Maybe" keeps playing in my head except the lyrics are "buy me maybe". I don't know if this is a technical indicator or not, stay tuned. + +**Edit 32 12:50** + +This is the begging of a bullish trend as you can see we didn't even fully retest VWAP before moving up more. Still needs more volume. + +**Edit 31 12:38** + +If you like the stock at $250 you should absolutely love it at 148.16 + +**Edit 30 12:31** + +This is called a mean reversion the stock wants to be above VWAP + +**Edit 29 12:27** + +Look at this little tiny short volume used to push us below VWAP + +**Edit 28 12:13** + +Another test of VWAP hope we bounce if not expect a dip. + +**Edit 27 12:10** + +I just wanna say thanks for all of you flooding in here to support me. We really are strong together. I'm here to fling shit, draw dicks on charts, help sick kids and animals, and fuk hedges. All I hope is that your tits are as jacked as mine. I love watching this thing move sideways! + +**Edit 26 12:05** + +Docotor, I can't get my stock up. It's just laying there doing nothing. + +[Limp Stonk](https://preview.redd.it/5sisp3qa5yu61.png?width=1024&format=png&auto=webp&s=c01167e42293da8430519f64cf44e843c2359752) + +**Edit 25 12:00** + +Looks like decent consolidation for a move soon, this stock likes to move during lunch hours for some reason. Here's were I'm looking for the breakout to test 150. + +&#x200B; + +**Edit 24 11:50** + +So I'm getting a lot of messages regarding the day trading of this stock. This stock is heavily day traded since we hodl, and don't sell and the shorts push the price down every morning, we have become super predictable in our pattern. I pretty much expect any initial climb in the day to be a point were day traders take profit at a resistance level. It's not a lot of volume and rarely a big deal, as the people with enough capital to profitably day trade GME are few and far between. Hope this clears up some confusion or creates more... + +**Edit 23 11:45** + +Weak test of 150 maybe a triple top. We might return to VWAP and bounce to test again. I expect a small dip and a reversion. + +**Edit 22 11:30** + +Looks like some day traders took their gains. Not a cause for concern. + +**Edit 21 11:25** + +**Edit 20 11:23** + +35,000 shares to borrow (Short), looks like the rate went up a little 1.13%. Also looks like the SPY is getting ready to retest that all time high. + +**Edit 19 11:17** + +As always be careful with FOMO, this stock loves bull traps. Fintel has crashed. Interesting. Enjoy the uptrend. + +**Edit 18 11:15** + +Dear Diary, + +My first date with VWAP went ok we will probably hang out again. + +**Edit 17 11:07** + +Well we broke through VWAP this is a good sign RSI is a bit overextended but hopefully we stay above while we consolidate. + +**Edit 16 11:02** + +Looking a little more bullish in our testing of VWAP. Higher highs, lower lows but still no volume. + +**Edit 15 10:46** + +If we continue this uptrend after this dogi we could break through. + +**Edit 14 10:40** + +Looks like this is our channel till some further price action happens. The last time it was this low we had that big spike on the 14th so we know this is a level where long whales are willing to buy in. + +**Edit 13 10:28** + +Here is where we stand on the pokeball as of now. I'm gonna try and answer a few questions while we are slow. + +**Edit 12 10:25** + +Looks like we might be between 145 and 147 for a minute till we break through VWAP + +**Edit 11 10:20** + +I still want VWAP to act as support, and it looks like we are getting rejected again. + +**Edit 10 10:18** + +Bounce on the 145 support, RSI picking up + +**Edit 9 10:05** + +Hey Kenny how are the kids? No seriously this drop is a little volume weighted so I assume short shares, some day traders playing the premarket gap up and a stop loss or 2. + +145 and 141 are the support levels where I'm looking for a bounce. If there is a recall we could be in for a rough day as they try to drive the price lower before they cover. + +**Edit 8 10:02** + +Dropped through that support heading lower for now. 99 problems, but hodlin' isn't one. + +**Edit 7 10:00** + +Let's see if we can follow this trendline up and test VWAP, otherwise low volume more chop. + +617.66k trade so far today. + +**Edit 6 9:46** + +Nope more dip + +**Edit 5 9:45** + +Much better volume this morning vs. yesterday. Fintel is not updating it's short shares available, as well as IborrowDesk. Honestly I feel like this usually predicates a bigger move on GME as it means all shares are borrowed also and increase in rate as MM make more synth shares. + +**Edit 4 9:40** + +Morning dip\* Test of 147.5 maybe? + +**Edit 3 9:39** + +Wedge update on the 4-hour Chart + +**Edit 2 9:35** + +Volume picking up, there is just no sell pressure. Maybe there is no point in shorting if the shares are gonna recalled? IborrowDesk shows 500k shares to borrow @ 1.1%. Moving right into our pokeball. + +**Edit 1 9:33** + +Nice opening candlesticks start of an uptrend. Ok volume low 149 high 151.13 let's see where it takes us. + +# Premarket Analysis + +Looks like we had a tiny gap up @ 4am which was quickly filled. Low volume, but I'm excited for today. + +*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +I lurk here because I am entertained by the enthusiasm. Many of you remind me of myself 12 years ago. I think many of you younger guys who read this sub just learned an important lesson, so I'm going to bring it home. + +NOBODY KNOWS WHAT THE FUCK IS GOING TO HAPPEN NEXT. + +TA is good at interpreting the past, but if it was able to actually predict the future then somebody already wrote a script that can suck the value out of that play faster than any of our monkey brains can. + +This is true regarding ETH, BTC, the price of gold, the S&P, bond yields, you name it. Trading is not much different than gambling in the short term + +Two Warren Buffet quotes (I think): + +"The market can stay irrational for longer than you can stay solvent." + +In other words the market doesn't give a shit how smart you think you are, you either need the ability to wait or you should not be in it. + +"The market is a voting machine in the short term and a weighing machine in the long term." + +If you have time to wait then you'll see another cycle happen. If not, then you shouldn't be in it. + +Good luck, young bucks. Keep reading these subs for fun, but remember: + +NOBODY KNOWS WHAT THE FUCK THEY ARE TALKING ABOUT. +Fairly straightforward question. If companies are beholden to the shareholders then why do companies keep raising prices and contributing to inflation if inflation is why stocks and the economic forecast is trash right now? Itā€™s clear that companies are pushing prices beyond the cost for supply chain disruptions or other issues. I would think that if stocks are plummeting then companies would take that more than anything as a sign to back off. It just seems like these companies are pushing the envelope for a few quarters of minor bumps in their profit while risking their long term stock health and multiple quarters of economic downturn. I just donā€™t get it. It would be another thing if stocks were up. +Hey apes, hope you guys are as jacked as I am about the eventual MOASS. While we don't know exactly when it'll happen, we indubitably know that it WILL happen. Every sign points to it, all the DD is there showing that the shorts **have not covered**, and all of the happenings indicate that there is clear pressure to try and push this stock down, although we know eventually the counter-parties that be (Gamestop, Inc., long whales, DTCC, SEC) are getting their domino's lined up to get this damn thing over with. + +Since we will all be literal millionaires soon, there have been plenty of posts from "financial advisors" or even arm-chair advisors that suggest how you should carry on post-squeeze, with your new-found gains. + +Please allow myself to throw another piece of advisory into the pile, as it appears no one has really addressed the aspect of capital-gain tax-deferral that I specialize in. + +But first, a bit about myself: + +**I have been investing in real estate (commercial and residential) for two decades now.** I started off with the very well-known fix-and-flip residential homes, and have since transitioned into commercial real estate flips. It would be an overstatement to suggest that I'm also a commercial real estate developer, but I did acquisitions, negotiations, deal brokering, lease structuring, and project management for THREE build-to-suit development projects partnered with a Fortune 5 company. So I do have experience within that realm as well. I did about a dozen commercial deals from 2017-2019 which yield a levered 138% return on investment for my investors, with average holding period per property of 8-12 months. + +I'm currently working on a hybrid debt/equity fund that will help struggling homeowners that were impacted by COVID, as well as profit from these distressed opportunities. This is what I've been keeping myself busy with until the MOASS hits, it's incredibly fulfilling work - as I can apply my knowledge of the real estate game to actually help pandemic-impacted families, and help them get back on their feet. + +Anyways, enough about my background (certainly I can provide more if this post gets traction and I have some interested parties), **THE PURPOSE OF THIS POST IS THIS;** + +# TL;DR - YOUR CAPITAL GAINS (LONG-TERM AND SHORT-TERM) FROM THE SALE OF YOUR GME STOCK CAN DIRECTLY BE INVESTED INTO REAL ESTATE, TAX-DEFERRED. + +**What does this mean, and how does it work?** + +[Opportunity Zone FAQ from IRS Website](https://www.irs.gov/credits-deductions/opportunity-zones-frequently-asked-questions) + +[Addl. Info about Opportunity Zones](https://badermartin.com/want-to-defer-or-reduce-capital-gains-tax-looking-to-invest-in-a-real-estate-or-other-business-what-to-know-about-the-tax-benefits-of-opportunity-zones/#:~:text=In%20brief%2C%20if%20you%20reinvest,your%20new%20investment's%20future%20appreciation). + +Through the tax reform act of 2017, the previous administration (and congress) passed a program called the OPPORTUNITY ZONE - which does the following to defer capital gains: + +1. Capital gains (the profit that you make, let's say you make $10,000,000 and originally invested $1,000 - your capital gain is $9,999,000) are completely deferred. +2. You do not have to pay taxes on these gains, if they are invested in as QOF (Qualified Opportunity Fund) +3. After 5 years, 10% of the original capital gain amount is completely excluded. +4. After 7 years (total, not on top of 5 = 12), 15% (total, not 25%) of the original capital gain amount is completely excluded. +5. After 10 years, the fair-market value of the new real estate development is STEPPED-UP (example, we all put in $10 million to acquire and develop, we did a great job and after 10 years it's worth $25 million, the capital gain of the $15 million is completely avoided because the basis is stepped-up. That's $15 million tax-free appreciation!!!!) + +This kind of needs a TL;DR as well. here it is - + +\-Typically you'd pay \~50% of your short-term capital gains to Uncle Sam in taxes. $GME Gains will probably be short-term capital gains unless it takes over a year to MOASS (it probably won't). + +\-Through the Opportunity Zone tax deferral program (completely legal) you can defer all 50% of that tax. That means, pay none of it (as long as you invested into a Opportunity Zone property or QOF) for 5-7 years, at which point you pay LESS taxes. And after 10 years you make insane tax-free gains on the deferred property. + +In the above real-example, here are the two scenarios on which you may find yourself: + +# Situation 1- + +$10 million in capital gains from GME. You pay $5 million in tax. You have $5 million to play around with, invest back into the stock market, invest in other assets, etc. + +# Situation 2- + +$10 million in capital gains from GME. You invest $5 million in a QOF. You pay 2.5 million in taxes, and have 2.5 million to play around with. Your total "after-tax and investment" monies will be $7.5 million, and the 5 million invested in real estate will pay you income (rental income), will appreciate over the long term, and will also appreciate tax-free. + +**Why invest in real estate?** + +\-Real Estate is known to be one of the best builders of generational wealth. + +\-US Tax law is EXTREMELY favorable for real estate, another tax-deferral strategy is called the 1031-exchange, which let's you trade your property for new (or several new) properties, tax-free. + +\-Real estate brings in actual income for your money, from which you can spend freely. + +\-The opportunity-zone program is literally the first and only time that investors can pull capital gains from DIFFERENT ASSET CLASSES (in this case, securities/stock) and place it tax-free into another asset class (real estate). + +\-The necessity to diversify your wealth is extremely important, here is a once-in-a-lifetime opportunity to place it into real estate with extremely powerful tax benefits. + +\-With the Opportunity Zone program, Uncle Sam is encouraging placement of money into low-income areas. This is the goal here, we are improved the quality of life for historically impoverished areas. + +\--- + +For what it's worth, my plan all along has been to invest into a qualified Opportunity Zone property so I can pretty much keep my full capital gain basis, invested into a income-producing asset, and take advantage of Uncle-Sam approved tax deferral. I wasn't sure if I was going to publicize this tax-hack, because there are only so many Opportunity Zone properties in the United States. However, I think it would be extremely wise if we aggregate our gains and established a QOF ourselves, investing in and developing Opportunity Zone properties at bigger scale. + +If this post gains traction, I can further explain any questions, but I hope you all can appreciate how insane this opportunity is for us future millionaires. + +EDIT 1 - Obviously this is only applicable to US Gorillas, all other countries clearly have different tax implications. + +EDIT 2 - This strategy is tax DEFERMENT not tax AVOIDANCE/EVASION. For those who donā€™t know the difference and are suggesting that Iā€™m encouraging not paying your taxes in any capacity, go google the differences. The taxes are absolutely paid, over a longer time horizon (you pay property taxes, income taxes on the rent, etc.), and there is absolutely a better effective tax rate due to the risk of investing in undervalued areas. It encourages investment in historically distressed markets. This is a great program, and investors can preserve more short-term capital, create more long-term wealth, WHILE STILL PAYING UNCLE SAM HIS MONEY. +Not sure how cross posting works so this is the link https://www.reddit.com/r/personalfinance/comments/9npyj7/not_all_pets_are_cheap_and_affordable_can_break/ and the text below + +So i am very frugal and i know pets are expensive, the cat i have however i adopted in a specific situation otherwise i would not have a cat nor am i even a fan of cats lol + +Well she had a UTI and the cost was around $120 for visit and medication, 3 mths later as in right now she was again peeing all over the house, took her in, did not have UTI but had other issues and possibly behavioral issues, got antibiotics and prozac this bill was $170, i also waited a while because i was searching for low income options or low income vets and in the mean time she was suffering and when it was taking too long i just decided to go and pay to get her help + +I was recommended to purchase a healthier kibble for her as well since those huge 20 lbs bags for $15 are basically crap which contributes to her unhealthiness for those who do not have budgets set aside for pets this can break the bank, many people simply get rid of their pet, drop it off at the shelter or have it killed at the vet + +This vet bill is basically a mth worth of groceries for me, now i am not complaining i am merely informing, it was my choice to adopt this cat and as such i have responsibilities towards her, i am not doing my best either, she had fleas and i dont treat her for that, animals cant talk so they cant tell us how they feel, so when she pees all over the house another owner might get mad and abuse her or throw her out + +FYI i didnt formally adopt her, i got her from somebody that didnt want her hence the specific situation +I've seen a few threads asking about more "recession-proof" investments. I'm kinda curious - what do you guys think would get absolutely destroyed if we see another big downturn? +For 2017 the stock market plus my own savings contributions brought my total to $990,000. I also bought my father a 20k car, so actually without that I'd be over the 1 mil mark. I'm 49.5 right now, so I'm 12.5 years away from even minimal social security, and 15.5 years away from Medicare. I have zero debt. + +Anyway, now I'm on that edge. I have a job I don't particularly like, but it's paying the bills and comes with decent medical. After some computations I figured out that my annual expenses are around 50K; I live in a relatively high COL area. If I left my job I'd be on the hook for medical insurance, so that would be an additional expense. + +I rent where I live right now, but I also own a house (outright) in a different area - I can't afford to buy anywhere near where I work right now. The home I rent out offsets the repairs, so it's kind of a wash there. If I quit my job and moved back into my house, I MIGHT be OK, but I'd have to leave the job market where my skills are more in demand. And I'd have to leave the sweetie behind, because there's no way in hell he's leaving his cush high paying gig. We're not married, but we have a cat together. A very wonderful, handsome cat. + +Logically I know I should wait a year or two to get that sweet sweet cushion, but I can just taste the freedom NOW. And it's making me crazy. I can't stop compulsively running numbers on my calculator, trying to see how conservatively I could invest and still be able to stop working, then how cheaply I could live, etc. My life has turned into a set of spreadsheets that I conjure up when I am distracted. Then I head over to firecalc and friends and go even nuttier running simulations. + +I just had to get that off my chest. I'm not sure what to do about it; I figure there must be a few folks here who also went a little loopy when they got CLOSE but weren't quite there yet. +Step 1 : load up your account with $$$ , read news and wait . + +Step 2 : Good company stock goes down due to overreaction after some news or a dumb analyst downgrade. + +Step 3 : Watch price action carefully and wait for the bottom and bounce after the sell off . It could be be the second day or third day after the news + +Step 4 : Load up maximum you can afford in very cheap call ITM or close to ITM options atleast two quarters out . + +Step 5: Watch the stock bounce ( they always do) and sell your options at 25-30% gain + +Step 6: Wait for the next target - rinse / repeat. Donā€™t worry they come often . + +ā€”ā€”- + +I have repeated this so many times - will add my first and most recent examples if that helps . + +First +ā€”ā€”ā€” +Citi - crashed after some regulatory fine around risk management . Huge overreaction . Stock moved from 52-42 but reversed sharply later . Sold calls at 50% gain + +Recent +ā€”ā€”ā€”ā€” + +Abbot laboratories - Stock crashed after updating guidance . 116 -> 105 . Now back to 111 . Sold my calls at 30% gain + +PS: Donā€™t use this strategy against bad companies - most of them never recover from bad news and become bankrupt. +Can't tell if PLTR is a good opportunity today to sell (more) puts or if this news is a big NO. The COO sold about 20% of his stock at an average price of around $26/$27 a share. + +Three other execs sold 2.7 million shares. + +Lots or reasons they might be selling other than they don't expect the price to go up...? + +\--------------- + +Palantir Technologies Chief Operating Officer Shyam Sankar disclosed in a filing with the Securities and Exchange Commission that he sold 757,510 shares between Feb. 19 and Feb. 23, at prices ranging from $24.59 to $29 a share. Proceeds were about $21.5 million. + +With the sales, Sankar now owns 2,879,793 shares in the data analytics company, not counting 1.07 million shares held in two trusts he controls, according to the filing. + +Palantir COO Sankar Discloses $21.5 Million in Stock Sales + +**Eric J. SavitzWed, February 24, 2021, 1:19 PM** + +* **More content below** +* [**PLTR-7.56%**](https://finance.yahoo.com/quote/PLTR?p=PLTR) + +The disclosure followed filings earlier this week covering 2.7 million shares sold by three other Palantir executives. +I really like the idea of starting the wheel strategy, but I only have about $10k. I am not sure if it would be worth starting this strategy after some DD, or if I should take more risks to grow my base before I start the strategy. + +Edit: + +Maybe a better way to pose this question is what is a good % rate of return on the wheel strategy, and what is the upside rate? +What has everyone found to be most profitable doing wheels on? I have been averaging 4-5% roi per week on tlry riot wkhs plug and nkla... however my risk tolerance is pretty high lol + + +Hi traders, Please tell me how to trade this idea. Stocks have moved outside the expected move last 2 weeks. So, one could buy atm weekly straddle in SPY (idea from internet). However if stocks move up and vol comes down- the call would not be profitable? If stocks move down- vol expand, the put very profitable and call would not lose that much! Is that correct so far? Would it be better to just buy a Sep put because of low decay, it can hold value if it takes a while for stocks to expand the vega? Thanks!! +Is there a way to lookup how many times a particular stock has dropped 5% in year time frame? + +For example if I wanted to know how many days in the last year AAPL fell 5% in one day is it possible to find that information? +Having seen the guys nightmarish post the other day about selling NCs on AMC I have a question for the more learned. + +Is there a reason you wouldn't have a protective stop of some kind set up? Do option selling mechanics prevent it and I'm too noob to this to realize that? Something else obvious I'm missing???? + + +Familiar with options trading, just only on the long side. When it comes to selling I'm still in the "I'm going to learn every last detail about this I can before jumping in" stage. +Most people, especially who don't know much about trading are skeptical towards technical analysis. + +ā€œHow can you predict the market? How can a few lines tell you the future?ā€ + +A few months ago I was talking to a friend. He asked me ā€œWhat will happen to xzy stock?ā€ + +I said ā€œThere's a resistance at 103.5 and another long term resistance at 115. If the price breaks 104 lvl it'll go up to 115 and find a strong resistance and consolidate there for a while. If not it'll go downā€. + +He replied ā€œSo you're saying that the stock will either go up or down?ā€ + +I was like- šŸ¤¦ā€ā™‚ļø. + +Short Answer- It works, but not when there's a major news that changes market sentiment. + + + +Technical Analysis isn't a game of absolutes, it's a game of probabilities. + +The stock will follow a certain movement and after analysis, you make an ā€œeducated guessā€ on what will happen based on history and current market Sentiments. + +Most beginners use technical analysis incorrectly, that's why it doesn't work. + +They fill their charts with a bunch of indicators, all correlated. They mark 15 zones of support and resistance and they don't focus on risk management. + + + + +The 4 Pillars of Technical Analysis. + +Structure.Ā What is the immediate support and resistance zone? Where is the demand /supply zone? What's the long term support /resistance? + +You need to know what areas act as short and long term zones. + + + +Trend.Ā Where is the market goin? Is it an uptrend, a downtrend or is it going sideways? + +You can use a single 200 day Simple Moving Average to find that out. + +Knowing the trend of the index, the sector and the stock is crucial. + + + +Price Action.Ā You'll have to study some common candlestick patterns. + +Doji, engulfing pattern, morning and evening stars, hammer. + +Wedge, triangles and flags must be studied along with double /triple tops and bottoms. + + + +Indicators.Ā I don't use a lot of indicators, but I try to master 2-3 indicators. + +Most people just use RSI, MACD, Stochastics together. They don't understand that these are correlated indicators. + +Master an indicator and backtest it properly. + +..... + +Technical Analysis is complete ONLY when you master these areas properly. + +Technical Analysis fails when a News breaks out. + +If a sudden news breaks out, maybe some company does a fraud of millions or a disease shuts down businesses, the market falls very quickly. + +Even if technical analysis is indicating buy, the market will fall due to news. + +But technical analysis will follow up soon enough. + +-Vikrant C. +Good morning everyone, I hope you had a nice weekend. I've been out on the road this weekend, so I'll try to respond to messages throughout the day. + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Main Watchlist** + +* Gapping UP: MARA, RIOT, BABA, TSLA, LMNX, PLBY, MUDS, BTBT +* Gapping DOWN: TLRY, APHA, BIDU, IRTC, GLSI, TTM + +**Momentum Watchlist** + +1. EARS (+18%): Up on momentum from past couple days of trading, couldn't find a relevant catalyst. Seeing decent volume and price action in premarket. Possible premarket support around the 4.70 level, with a premarket high of 5.50. +2. FBIO (+6%): Up on momentum from past couple days of trading, in anticipation of an FDA approval. There was also recent insider buying. Currently showing some weakness in price action, but appears to have found premarket support around 5.66-5.67. +3. WHLM (+57%): Couldn't find a relevant catalyst. Would like to see volume and price action pick up a bit more. Possible premarket support around the 7.65-7.70 level. +4. LHDX (+10%): Up after FDA authorizes over the counter at-home test for COVID. Seeing decent price action in premarket, but I'd like to see volume pick up a bit more. Possible premarket support around 9.10-9.15. +5. ATNF (+5%): Up on momentum from past couple days, with recent insider buying. I'll want to see an increase in volume and some better price action, but the daily chart intrigues me, along with the insider buying. + +**Market Outlook** + +Stocks are looking at opening a bit lower this morning, after we saw a strong week of trading this past week. SPY is trading at just under 411, and it will be interesting to see how the market behaves this week. We could see a pullback at some point during the week, so I'll be cautious in any swing trades I choose to make. Bitcoin did well over the weekend, and is currently trading around 60,400. It couldn't quite break to new ATH levels, but I'll be watching for that this week. Bitcoin-related stocks are showing strength relative to the rest of the market, and I'll be keeping a close eye on them today. Tech stocks are trading a bit lower this morning, but if the market resumes its strength, they should continue to do well. Marijuana stocks are also showing some weakness this morning, but I'll be following them and any potential catalysts that come out for marijuana. Gold and silver are both in the red at the moment, while crude oil is trading in the green. We are still hovering near ATH levels so we could see some sort of pullback during the week, but it will be business as usual until we see weakness. Be patient and don't be afraid to sit on your hands and wait things out for a bit if you are feeling unsure. Take high-conviction setups and stay disciplined. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter (both for taking profits and cutting losses). Happy trading everyone :) +I keep seeing people post about Evergrande making interest payments on time and that the world is good again. I used to work on a bulge bracket Asia HY bond desk and this is not the case. + +Twitter and the Media is missing the full picture and no one has pointed it out yet. šŸ‘‡ + +We arenā€™t fully out of the woods. There is a difference between onshore (denominated in CNY) and offshore bonds (USD). Evergrande has offshore coupon denominated in USD due Sep 23 and have yet to make an announcement on those. Given a choice, they would pay onshore first. Should they decide not to pay USD, this will hurt global investors regardless. That said, there is still a 30-day grace period so itā€™s not end of the world, even if they donā€™t. + +The CCP wonā€™t directly step in but they will save the house buyers in the case of a default (so they donā€™t see any protesting etc). SOE banks will be the first to get screwed and majority of loans/commercial papers are to them. The scary part is that weā€™re not too sure how many of these guys re-levered this debt into other instruments so there may be ticking bombs all around. + +Ultimately, the nearest USD coupon that is due is on Sept 23rd (Thursday), roughly equating to US$100m in interest. Sure, you may meet that interest but the company still has $300bn of principal coupon worth to pay. + +Personally, I see a few routes moving forward but one needs to look at the debt structure (1). horizontally (time-based) and (2). vertically (who and what type of debt do they hold) to see a better picture. + +Horizontally: +- Sept 23, $83mio in interest due +- Sept 29, $45mio in interest due +- Oct 11, $~160mio in interest due +- Nov 6, $80mio in interest due +- Dec 28, $250mio in interest due + +Vertically: +- 54% of its $300bn are in secured borrowings +- 2% are convertible bonds (lower pecking order) +- 21% are senior notes (this is mostly held by UHNW individuals and big funds/banks) +- 6% PRC bonds (local onshore denominated debt) +- 17% Unsecured direct bank borrowings (mostly to SOE banks) + +That said, my gutfeel is that the CCP will go in indirectly via the SOE banks taking the brunt of the hurt; theyā€™ll likely working their butts off now with some meeting of sort with all EVERREā€™s biggest debt/equity backers. The key players in this game are: + +[In order of importance to the CCP]. +1. People who bought homes (they will be taken care off first) +2. Suppliers and construction companies contracted (perhaps this may be next) +3. Public debt holders (UHNW/Funds/Banks) ā€“ the key people here are the funds/banks +4. SOE banks who provided direct loans (govt backed anyways) +5. Equity holders. + +My guess at the end: some SOE banks come in with some package to save certain pieces of the above pie. Perhaps the CEO/management team gets reprimanded strongly? Either ways, this is the largest elephant in the room now and the Crypto market is worried of the repercussions and quakes that we could feel from this fallout. + +That said... enough about Evergrande, Crypto is dealing with its own troubles. Messari's Mainnet event got hijacked by a SEC subpoena, Mr Gensler called stablecoins 'poker chips' (we get it), and Binance derivatives service got clamped down in Australia. + +On-chain data wise: During the dip, BTC's LTH-SOPR (1.26) vs STH-SOPR (0.97) indicated short-term holders (speculators, swing-traders, etc.) sold into losses, while long-term holders took profit. Regardless, the stablecoin supply ratio fell, and the exchange reserves of BTC is nearing a six-month low. This suggest traders are flushed with cash, but whether they are willing to step in (presumably on long leverage positions) is another question. For the second day, BTC Long liquidation also indicated a sharp up spike relative to the past 12 days while the estimated leverage ratio hovered at the mid-point (relative to the past two weeks), suggesting a very risk-off environment. + +In derivatives: BTC and ETH option contract open interest held constant while traders adopted a wait-and-see approach to prices. Options skew indicators reflect a different story: 25% delta skew (Volatility premium for puts to calls), a significant jump, reflecting a high belief among option traders that further downward movement is imminent. Coin days destroyed also show that the move was mostly driven by short-term traders. + +Personally, I like to fade such event-driven markets (but only post FOMC). Just note that conditions are primed such that if we get very positive news, people are flushed with cash for a jolt back to risk. A gentle nudge to also remember just how short-term market participant thinks, and that one only needs to look just over the ridge to stay ahead. IMO, the Evergrande fiasco is starting to look more like a very controlled detonation by the CCP - even if their offshore entity defaults (after the 30-day grace period), it wonā€™t trigger a cross-default to its onshore entity. Finallyā€¦ I actually took Gary Gensler Washington Post interview early this morning to be bullish for Crypto long term. We certainly need certain aspects of the market to be reined in to progress further. Have a good one! + +- I write daily thoughts on Bitcoin/Crypto/TradFi for fun on Telegram too but Iā€™m looking to start here! Some redditors have posted on my behalf on other channels too / most of which I canā€™t due to the lack of karma šŸ˜‚ +I'm sure that you all are aware of this phenomenon, it seems that whenever ARK fund manager Cathie Wood invests in something, the individual ticker will always take off upon the release of daily trade notification reports. + +One recent example would be PLTR - when PLTR was down about 2.27% on 14 Jan. After the trade notification report of ARKW's 497k shares purchase in PLTR was released after trading hours, reddit/stocktwit community immediately started to share about the news and it further amplified the news to a huge extent, where it popped 11% the next day after opening before inching back down. + +Or another one would be the recent announcement to start a ARK Space ETF - and space related stocks were soaring on the very next day. + +This phenomenon almost seems like the Midas Touch, where she has the ability to touch (or invest) anything into gold due to her almighty influence. Honestly, the best play I would reckon would be just to invest in her ETFs given the self-fulfilling nature and you never know when she will dump the stock (since a sell-off will inevitably follow thereafter). + +Any thoughts about this? +Just offered a new role which offers salary sacrifice to reduce tax. Also an everyday purchase card is available through a company called Smart Salary. + +Are these options a good idea? + +Thanks +I always hear people say "Buy a property and lease it out while continuing to live with parents so that the rent money pays down the mortgage for you." + +But my understanding is that if you receive rent at a % lower than your mortgage loan's interest, you're losing money and would be better off not buying property to lease out. + +Sitting on your money and building it up would get you financially better off than buying immediately just to rent out, right? + +In most cases, it would be bad to buy to lease out as per my understanding. + +Example numbers: + +If mortgage = 500k @ 5% and rent = 3% (480/w after tax), then bad financial decision. + +If mortgage = 200k @ 5% and rent = 12.5% (480/w after tax), then good financial decision. +So we all know about the doom and gloom surrounding new apartment builds / shoddy construction work, and I've heard a lot of conjection from people (including a mate who is a property developer) about how buying an apartment is a terrible idea compared to just renting one. + +What about townhouses though? + +In my current situation: Girlfriend and I have about $100k saved between us, by end of financial financial year should be about $140k. Combined income $340k, so lots of good opportunity to save more. + +Looking at buying an older house in Melboune and doing it up (older house in Northcote or Kensington, about $1mil on a 250 - 300m2 block of land). Renovations required for these would include (potentially) double glazing, kitchen / bathroom upgrades. Possibly changes to internal layout. + +Compared to buying a 2 or 3 storey townhouse for $1.1mil+ in similar location. Often, 2x townhouses were built on one of the above ~300m2 blocks of land after subdividing into 2x 150m2 blocks, then building up vs outward. + +If a newer build (2015 and newer?), townhouse would (I assume?) be bound by 6+ star energy standards in Vic, which would mean they should have good insulation and double glazing. Plus obviously modern fittings and finishings, nothing to renovate. + +Is the townhouse idea a no-brainer? Are there any advantages to buying the older house + bigger block of land that I'm not seeing? + +Only bigger upside to the block of land is potential for future expansion (granny flat, extension etc), future customisability, but main thing would be the potential for someone else to buy in future to knock it down, subdivide and turn into units... +Just saw that post about a fella who is set to retire early as a millionare and bloody good on him, but I like my jobs and while I wouldn't want to work full-time forever, I can see myself working part time until I am literally physically unable to, even just a day or two a week because I get a lot of satisfaction out of it. + +That said I'd want to probably have the option of having more than four weeks leave as well. + +What do you see as a good retirement age? Would you retire in your 40s if you could and what would you do with yourself after that? +As the title says: I'm a final year student in business engineering and I need to write my master's thesis. + +I've chosen to write about the whole ordeal of the past year (I've been an ape since GME 17$). The current title is something along the lines of "The impact of (naked) shorting on the financial markets", but it can still change. It won't exclusively be about GME, but I suppose it will play a big role. + +I'm looking for your help apes. If you know any great sources, be it academic resources, legal documents or even great unnoticed DD's on the broader workings of naked shorting, please let me know. I will take every comment into consideration. + +Another question that would maybe ease my research: is advanced searching on Reddit possible? Maybe with an external search tool? For example, I would want to see every post tagged "DD" with more than 1000 upvotes in chronological order. Anyone an idea how to go about it? + +&#x200B; + +Anyway, I'm hyped. Let's show them what we're made of. šŸŽ“šŸ¦ +The banking failure cost at leas $700 billion dollars, not to mention the loss of jobs. This is the reason bitcoin exists, and we should rub Benjamin Lawsky's nose in the fact. If they cannot take care of consumers in the real banking industry, they have no business regulating bitcoin. +Another noob that ended up here because of LRC and wants to be formally inducted into the community :) But as someone who has only ever bought crypto, I don't even know how to buy stocks. + +I know this is something I could google for a general answer, but I'm wondering if there's a specific place/way that apes go about buying GME? Like if there's a method you all prefer? Because I've read the DD and have picked up on the "register it in your own name" stuff, but still am not sure... how! + +Apologies if this is a little too ELI5, and appreciate you all. I think these two communities crossing over makes each other even stronger. + +Edit, in case it matters: Not a US citizen or resident! +I was under the impression that the financial markets would come to its senses but that is where I messed up. Are there any other Bears out there? How are you doing? +Just some brain food for you all this Sunday. I know a lot of people invested in small caps and penny stocks have probably felt some pain over the last 7-11 months. This post is not investment advice, but some timeless thoughts on how to approach your portfolio, and perhaps leave you feeling okay, or a little better about the future. + +A lot of people quote Warren Buffet when talking about stock market strategy: + +>"The stock market is a device for transferring money from the impatient to the patient." + +But another quote perhaps a little more powerful is by his business partner, Charlie Munger: + +>"You don't make money when you buy and you don't make money when you sell. You make money when you wait." + +And lastly, + +>"It's not about timing the market. It's about time in the market." - Not sure who said this, but good to hear nonetheless. + +I think this is pretty self-explanatory, always good to hear and reiterate the virtue of patience. The stock market might be in the crapper during certain periods, but over time the stock market is your friend. All stocks can go to zero, but if you position yourself to always play offense in the market, over time you'll probably fair pretty well. + +# What do Buffet and Munger suggest to do in a crap market? + +They have four basic rules for investing that apply ubiquitously in any market. When investing, they always ask themselves the following: + +1. Do they understand the business? - *Do you understand what it is you're investing in?* +2. Do they have a durable competitive advantage? - *Is the company positioned well in the market to compete with their products?* +3. Does the management have integrity and talent? - *Is the management any good?* +4. Can they ensure a margin of safety? - *Is the company overvalued or appropriately priced?* + +So if you're looking at your portfolio and seeing a bunch of RED, ask yourself these questions. If you feel your investment checks off these boxes, it might be good to sit back and chill. + +# What do they say about issues in the market like inflation? + +There are two things Buffet and Munger say about things like inflation when investing. + +1. Does the company have the ability to increase prices rather easily, even when product demand is flat and capacity is not fully utilized, without fear of significant loss of either market share of unity volume. +2. Does the company have the ability to accommodate larger dollar volume increases in business, often produced more by inflation than by real growth, with only minor additional investment of capital. + +Basically, can the company increase their prices with little resistance? Ex. Apple does this all the time with its products. And, my understanding of number two is, is the company positioned well on the books to weather inflationary periods where rate hikes might otherwise hamper its ability to produce products by needing to borrow more money, or can they meet additional demand without massive investment? + +Anyhow, I'm probably just writing this post to relearn these lessons for myself, but thought others might relate and appreciate some words of encouragement. Don't get me wrong, your stocks might go to zero, but it's not all gloom and doom. Short-term outlooks aren't great, but long-term strategies often leave you on top! + +Good luck! +I was trying something new and sold Covered Call for 500 stocks that I have. Now the underlying stock is in the money as it grew 30% in few days. I am hitting my head on my stupidity. + +I don't want to lose my shares. Can I come out of in the money, Covered call option which I sold? If yes, how? Thanks. +I'm a beginner and I'd like your thoughts on this bull put spread on WMT: + +long: 9/04 $126p @ 1.59short: 9/04 $127p @ 2.42 + +Could someone tell me whether this trade is retarded af or if I'm right by saying that my max. profit is 83 and my max. loss would be 17\*? +How long will the VIX continue to remain above 40? Why do we still have 100 point swings and why do we have face ripping dips and rallies? As previously mentioned, this correction was the fastest in history and the markets haven't experienced volatility like this since the 2008 financial crisis. + +So let's take a look at what happened since the 2008 financial crisis: + +[SPY 15 Yr\/1 Wk](https://preview.redd.it/dpr1jcm5yhl41.png?width=2108&format=png&auto=webp&s=851140c510db69678317f70dfc9b14329f9731ca) + +The rapid selling of 1 week reached a selling climax and found support at 284.82, the October 2019 low. On 3/3/20 at 10 am, the Fed announced an emergency 50 bps rate cut, where SPY briefly peaked at 313.84. In effect, we are **range bound between 313.84 and 284.82.** Think of this as the high volatility zone. + +[SPY 10 Day\/ 30 min](https://preview.redd.it/hnve7b88yhl41.png?width=2108&format=png&auto=webp&s=0b35e48cea5686669c1aec2fcc643b02d4c56483) + +This is not the first time that this pattern has occurred in market cycles. Wyckoff provides a convenient road map. \[1\] This is not to say that we are in accumulation phase. On the contrary, I believe we will continue to the downside and we will enter a distribution phase to the downside. 285.54 served as our lower bound in our trading range, upon which a large automatic rally happened and was short lived. + +Market makers do not necessarily trade stocks or options like we do. We have to realize they really trade off of volatility. As previously noted, when autists such as ourselves rapidly purchase options, market makers purchase the underlying asset in order to delta hedge or be delta neutral, and take advantage of the change in gamma and vega. Think of the delta as the first rate of change of the asset, and that gamma is the second derivative, the rate of change of the rate of change. Thus, while delta is linear, gamma is non-linear and really gives you the tendies in a long position. Theta is the rate of time decay, and eats away at your profits. The gamma flip happened at around 325, since MM are more or less net short starting when we passed the 283.2% retracement from the 2008 lows, and the probability of options being in the money favored puts. + +[SPY Put\/Call Gamma and Prob. ITM](https://preview.redd.it/6p15fc4ayhl41.png?width=2822&format=png&auto=webp&s=de285a520d658f5a43fde439f30171e333592890) + +Starting around the 325 strike, you can see there are large increases in gamma for both put and call positions, along with corresponding changes in the probability of being in the money. Okay, so MM are most likely short gamma, we are in a place of high volatility, and VIX will continue to remain at elevated levels in this range-bounded zone. So what's next? The biggest problem right now facing the market is uncertainty. Thus, it is highly likely that we are going to retest the 285 low, which Wyckoff refers to as a secondary test based on the price action on 3/6/20. The 2% rally in the last 10-15 min of trading is mostly MM short covering. Everyone screaming that the Fed is pumping like clockwork need to realize that MM want to close and lock in profits after 2 red days, especially when heading into the weekend. Due to this uncertainty and with additional bad news expected over the weekend, I believe we are going to still face more downside as we close near the 285, before having another large rally to the upside. + +[Largest option sales for SPY 3\/6\/20](https://preview.redd.it/z93o3b4dyhl41.png?width=2788&format=png&auto=webp&s=1488df1baba93fff4bff418f9a01e4e2f946e058) + +This is supported by the large amount of March 20 calls and April 17 puts purchased within the last few hours of trading. Between 305-307 is the 200 DMA and EMA. These call options were purchased at a discount, and will most likely be used for a hedge when the ST bounce and squeeze happens. However, it appears that a lot of MM expect the S&P to hit around 270-285, with 285 the lower end of the trading range. 281 and 273 are the August and June 2019 low's respectively. + +The question over the coming weeks is will continue to rally, form new resistance, and then break out of this high volatility zone? Let's take a look at the number of cases of coronavirus within the United States. + +[Coronavirus reported infections, Jim Bianco](https://preview.redd.it/nqjloalkyhl41.png?width=1200&format=png&auto=webp&s=7091f7aeb7c59b3b068fb84ae0d885c426d47ad6) + +Note the Y-axis is logarithmic. This means that unless we see a plateauing, or curvature of the line for cases, we are in an exponential phase of growth. Again, we as humans have a relatively easy time grasping linear relations (e.g. delta), but have difficulty rationalizing exponential or non-linear trends (gamma/exponential). As of 11:20 AM, EST, the US has 340 confirmed cases. Another increase of approximately 20% cases compared to yesterday. + +CDC reports 164 cases and 11 deaths. Simply dividing case number by deaths does not give the true mortality, since there is a delay of 1-2 weeks from the incubation period. However, this number would be even higher since the CDC had fewer cases. For this example, we will just divide case number and deaths for now, giving a mortality rate of 6.7%. WHO estimates a mortality of 3.4% which is close to what Italy has. In reality, due to limited testing, the mortality rate might be closer to 1% which is 10x higher than the flu. How many undiagnosed cases do we really have in the United States? The next few weeks will reveal a problem orders of magnitude larger than expected. Hence, a retest of the 285 will be essential to test the resilience of the market. + +The American Hospital association is predicting 1-2% of patients will require ICU care. ICU units are distinguished from the ER due to the necessity of advanced life support systems such as a mechanical ventilator to aid in breathing. + +[AHA report to hospitals](https://preview.redd.it/l20zac9myhl41.png?width=1399&format=png&auto=webp&s=430e81606c1a9e4d9396dd55393fb2c64f31d2d3) + +Let's say the US takes proactive measures and has 1/10th of these cases. 9.6 million affected, 480,000 admitted to the hospital, and 190,000 requiring ICU intervention. How many beds are in the US ready for ICU treatment? How many are occupied already? If patients cannot access critical care, this will be the tipping point for the US. This is already occurring in Italy and South Korea, where patients need to be transferred to other hospitals due to the overwhelming number of cases each hospital treats. This is explained well in this tweet. \[2\] + +[Critical care beds in the USA](https://preview.redd.it/qqfbh2hoyhl41.png?width=665&format=png&auto=webp&s=1c5fd3877dc08f35e7db9108bfb8cab5ad0e269f) + +One more quick note. During high financial stress and downside, gold will be quickly sold and liquidated in order to cover other positions. We are repeatedly entering cycles where gold hits new highs, followed by large swings in the S&P. These are good opportunities to enter quick short positions as gold hits new highs. + +[GLD 10 D\/30 min](https://preview.redd.it/7137nb5qyhl41.png?width=2114&format=png&auto=webp&s=85b92f7019b1b151da4e85d5e8ec88fca9d454a7) + +Pending another large leg down, especially around the 285 retest, we will see gold quickly sold off again despite the bullish nature of the options. Only until we exit the high volatility zone, do I believe gold will stabilize and continue a run up higher. Before this occurs however, we may see gold prices reach 1400-1500 first. Note the Jun 30 puts at 148 strike. + +[Largest option sales for GLD 3\/6\/20](https://preview.redd.it/p316ycbtyhl41.png?width=2788&format=png&auto=webp&s=05897c01445a7d5120f8fb8cc0ac307d8a46dc7a) + +Things to look at are the 10-yr, additional pending rate cuts from the next FOMC meeting, and oil prices. Commodities tend to provide a more clean signal compared to equities about the global macroeconomic status. This is not a game between bear vs. bull. Look for key levels, position before the large moves. Look for patterns. This is us, WSB, vs. the market makers. + +**tl;dr Range bound 285-315. Going to retest 285 before moving back to 315. Buckle up, going to be a lot of large swings as volatility will stay high or even increase. Coronavirus cases going to go boom. Gold will move to the upside, but be careful for a large drop.** + +**Just to be SUPER clear, long term puts at April are being played by MM. But there will be a bounce soon since we are so oversold. MM have prepared for this by purchasing large amounts of March 20 calls. Be prepared for their games.** + +\[1\] - [https://school.stockcharts.com/doku.php?id=market\_analysis:the\_wyckoff\_method](https://school.stockcharts.com/doku.php?id=market_analysis:the_wyckoff_method) + +\[2\] - [https://twitter.com/LizSpecht/status/1236095180459003909](https://twitter.com/LizSpecht/status/1236095180459003909) + +Update 1 3/7/20: US has now 401 cases, an increase of 18% in just 5 hours. + +Update 2 3/8/20: WTI oil looking at a 20-25% drop upon opening of futures later today. Can update with a new post if people are interested. + +USA confirmed cases 484 as of 4:10 EST. Most likely hit more than 500 by tomorrow. 1-2000 by next week. Around 3-4000 at least by end of month. + +[\/ES futures 6pm EST 3\/8\/20](https://preview.redd.it/llotkyapuil41.png?width=2788&format=png&auto=webp&s=75b45dbc07f02270e12c8f2c981655e5e30d5fcc) + +Just made a new low on the /ES futures. Bouncing again at 285, the lower range. Most likely going to sell puts at the open. + +Wow, we just hit 30/barrel of WTI. Insane. We are witnessing history guys. Seeing a lot of comments about buying USO calls, saying this is the bottom. People have been trying to call the bottom on oil for months now. Still seeing us retest $26.05. + +[\/CL futures 6:05 EST 3\/8\/20](https://preview.redd.it/dak7qsp6vil41.png?width=2788&format=png&auto=webp&s=0487ddf33ac2ed0a35df769024943fd9184a2000) + +Another contrarian indicator given the price action. Even though we have hit -5% in /ES and passed 2850, there's actually tens of thousands of puts OTM purchased on TLT during Friday. Now that begets the question, if treasuries are the safe haven asset as more people are selling, then who is buying these puts? + +https://preview.redd.it/69a2ljz2mkl41.png?width=2788&format=png&auto=webp&s=a9874d98b41439c80601ef87e030a90f964d9683 + +Update 3 3/9/19 - Given the nature of limit downs, people are going to be running for the exits. Wouldn't be surprised to see us hit the 7% breaker. I think there will be intervention before hitting the lower ones to prevent mass panic. SPY 273.09 is the June 2019 low. + +Update 4 3/9/19 - Look at this call positioning from this morning for SPX. They are loading up on the cheap for 3/20. + +[3\/9\/20 SPX options](https://preview.redd.it/ndu2thpk2ol41.png?width=2788&format=png&auto=webp&s=1381c3d1a4a7071a3c3e68c5d06c0def76f226c3) + +Retest of the -5% at the previous 285 was rejected. Ended lower than -7% circuit breaker and even below the August 2019 low at 273.09, creating a sign of weakness. Larger sell volume present in the final hours of trading. Most likely going to continue to the downside, but still expecting a bounce which will be used to shake out people holding their puts. + +[3\/9\/20 SPY 20 D\/1 Hr](https://preview.redd.it/9ial8viumpl41.png?width=2114&format=png&auto=webp&s=9b2b5e8f20ad2525efe405bd86f8bcee384ac865) + +Update 5 3/10/20 - Climbed back into the 285-315 channel before breaking down again from that news from CNBC. Still think we will pop back into the channel during the cash open as MM seek to test supply in the upthrust phase, and try to nab as many puts as they can. As with most trading days the past few weeks, the last hour of trading will be the most revealing. I expect significant accumulation of 4/17 puts. + +[3\/10\/20 SPY 10 D\/30 Min](https://preview.redd.it/yqkc8xqlbul41.png?width=2114&format=png&auto=webp&s=849ccf6406ad2f612a1a76342cfd4ddd6f2c6ae8) + +Updated new post today: [https://www.reddit.com/r/wallstreetbets/comments/fgnqbh/was\_the\_circuit\_breaker\_on\_monday\_an\_engineered/](https://www.reddit.com/r/wallstreetbets/comments/fgnqbh/was_the_circuit_breaker_on_monday_an_engineered/) +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +I see a lot of people saying, max your TFSA out before your RRSP? + +&#x200B; + +I don't see why? I guess it's there if needed, easier to get, but you also miss the tax refund on it? + +&#x200B; + +Presently I have + +RRSP Room $37,245.00 Less the $2500 I've put in it this year so far. + +&#x200B; + +TFSA Room $63,450.00 + +&#x200B; + +I also have 230k in my pension plan presently. + +&#x200B; + +Could someone help. Please + +&#x200B; + +EDIT: + +Thanks for the answers and explanation. The make the same or more when retired then now makes perfect sense and answers that for me. Also as to why higher income RRSP makes more sense. +Hello, + +Noob here. Wondering if should open a crypto account with WS. What are the pros/cons? + +Sorry if this has been discussed in length somewhere. Would be happy to be re-directed. + +Cheers! +I have over 20k in cash in my TFSA right now and about 13k invested in RY, TD, BEP and GOOGL. I plan on holding all 4 for a very long time. + +My RSP has around 55k invested in index funds and a few specific like.... industry ETFs. + +I was holding so much cash because my wife and I just moved and I wanted to have some money handy if we needed it. My work is going great and I have been watching the market for some opportunities. We're settled, good for money, and I think this is a good time to invest. + +I've always been a big fan of marijuana. I just do not like the idea of betting on one company. + +The yield for the ETF is huge, I understand it can decrease, I also understand the price can drop dramatically in the short term but the future is definitely bright for marijuana. I have years to hold this thing to turn a profit and the money to invest. + +I would be interested to hear what people think of making this move right now based on my situation. I believe in the product and I'm willing to hold for a long time if the price happens to drop a lot, I would probably just average down if it did. +Not so sure Poloz can keep rates flat for long. Very intesting setup with the bond market betting on U.S side rate cuts. That would mean a higher Canadian dollar. Thoughts? + +BNN video about the housing starts: [https://www.bnnbloomberg.ca/canadian-housing-starts-surge-25-on-coast-to-coast-increase-1.1284417](https://www.bnnbloomberg.ca/canadian-housing-starts-surge-25-on-coast-to-coast-increase-1.1284417) +I wanted to discuss with everybody what you would choose if you were to purchase ONLY 5 Canadian dividend stocks and why? Would love some insight from the group, as I am a long-term investor and can tolerate whatever cycle the economy will be in now, a year or ten years out. I am also interested in diversification and companies with a long history of increasing dividends and with sustainable payout ratios. + +My choices: + +1. TD +Best Canadian bank IMO and love the American exposure. Will likely be biggest Canadian publicly traded bank and stock soon. + +2. NTR +With increasing global population, comes need for better fertilizer and agriculture uses. + +3. FTS +Diversified utility, with exposure outside Canada. Also dividend aristocrat. + +4. CNR +I donā€™t see a future in my lifetime, where train delivery will be obsolete. + +5. T +Out of all the three big telecoms, this one has reputation for best customer service. I donā€™t foresee government getting too involved in telecom industry tbh. + +Thanks for reading and your insight is appreciated. I do half index investing and half active. While I appreciate the ā€˜buy and hold VGROā€™ logic, Iā€™m more interested in active investing with this post. +&#x200B; + +[CME Roll Dates and Expiration Dates](https://preview.redd.it/8unidzzi84n71.jpg?width=897&format=pjpg&auto=webp&s=bc930c919d81eaff473af6f10257ed4c3b3bbc9f) + +Let's examine what happened using the Roll Dates in the past since the January 'sneeze'. + +&#x200B; + +[March 10th, 2021 - The price reached it's March peak of $348.50 the day before the March 11th Roll Date](https://preview.redd.it/7rlexlt3h4n71.jpg?width=1116&format=pjpg&auto=webp&s=7c31629d895c8ce547cad91d6b0a40345dd9d5ab) + +&#x200B; + +[June 9th, 2021 - The Shareholder's Meeting was placed on the morning of the day prior to the roll date. ATM Share Offering announced which instantly suppressed the price and kicked us to the next quarterly period. The day before that, June 8th, we reached our quarterly high of $344.66](https://preview.redd.it/9b1dn10ui4n71.jpg?width=1116&format=pjpg&auto=webp&s=cbaab66fbb5f34bac598ab450da5741030def037) + +&#x200B; + +[September 8th, 2021 - Earning's Call placed on the day prior to the roll date. Notice anything different? Yeah, you're not wrong. They didn't roll. Um, Kenny? Hello? Guys, I think there's something wrong with Kenny. Ryan, what did you do?!?](https://preview.redd.it/qxxck19yl4n71.jpg?width=1112&format=pjpg&auto=webp&s=8697ae9f8d3667a6e16ce239a8f089aeee27ee95) + +Facts above. Speculation below. + +Now that we've established that the Roll Date for September has come and gone without the roll, there's a question that begs to be asked... what now? Let's face it, nobody knows me from a hole in the ground and I'll be the first to admit that the only wrinkles I have are the ones in the same old shitty clothes I wear year after year so for this I want to bring in somebody that everybody here knows, respects and trusts. + +&#x200B; + +[DeepFuckingLegend](https://preview.redd.it/wyafrzy1m5n71.jpg?width=620&format=pjpg&auto=webp&s=961ebf91594ae18065979a38d61da93bdb556714) + +DFV has pinned a series of tweets that have been there for quite a while now. You should probably go to Twitter and read the entire thread from start to finish (and give it some likes, wtf?) but I'll post the first here. I think it's the best hint we could ever ask for as to what's about to go down. + +&#x200B; + +[Roaring Kitty Tweet from August 30th, 2020](https://preview.redd.it/nk9pmnmvn5n71.jpg?width=1080&format=pjpg&auto=webp&s=74a979ecaebb91e5949e4d289cd513a2fff556a9) + +I'll admit, I'm not the greatest at reading SEC Filings but as far as I can gather, RC is able to own 19.9% of GameStop at the moment. RC Ventures last reported 9,001,000 Shares which would have been around 13.35% prior to the 2 ATM Share Offerings from earlier this year. + +&#x200B; + +[June 16th, 9:45 PM EDT. 2 days prior to the Expiration Date. What's 2 days prior to the Expiration Date this quarter? Wednesday, September 15th](https://preview.redd.it/4qw8n2tb75n71.jpg?width=1080&format=pjpg&auto=webp&s=ee1177e0772f4b458c7abcb540a65cecda15b12f) + +Matt Furlong, the CEO of GameStop, stated during the September 8th Earning's Call that Total Shares Outstanding are approximately 75.9 Million. With 9,001,000 shares, the percentage RC now owns as of the last filing is 11.86%, down from the 13.35% he owned prior to the ATM Share Offerings. I believe he wants more. 19.9% of 75.9 Million is 15.1 Million. This would allow him to buy another \~6.1 Million shares. + +What's better than 9,001,000 shares of a company you plan on building into a goliath? I'd say 15,100,000 works, especially if somebody wanted a shot at becoming the worlds first quadrillionaire. ;) Shit, even the world's first trillionaire would be pretty great publicity for the company. For our company. + +You are all itching for a tweet. My question to you all is do we really need a tweet or do we really need an SEC filing? + +&#x200B; + +[June 17th, 11:00 AM EDT - The day before the Expiration Date, our equivalent this cycle... September 16th.](https://preview.redd.it/zqm6xxh775n71.jpg?width=1080&format=pjpg&auto=webp&s=8956216e43a0146544ddb47d2b75aa275b20f338) + +Unfortunately the Tweet he linked to no longer works but I found the video of the moonwalking cat and snapped a screenshot. + +&#x200B; + +[June 17th, 2:00 PM EDT - Also posted the day before the Expiration Date back in June, our equivalent would be this coming Thursday.](https://preview.redd.it/4r2ys4kf56n71.jpg?width=451&format=pjpg&auto=webp&s=9c282241bf3c731c2d2a5cb198b9053f78eb43af) + +What happens next between now and Thursday? I have my ideas but I've decided it's best if I don't share them. You have to understand, we're up against a cornered animal. You should expect anything at this point. + +I'm not a financial advisor so you do you, boo. All I know is that I ain't selling anything I already have and I plan on having every single share I ever plan on buying prior to Thursday at 11 AM EDT. You know, just in case. + +A quick shoutout to u/HomeDepotHank69 \- My respect goes out to you, you glorious bastard. You're the whole reason I started chasing patterns in the first place. Maybe the puzzle isn't quite solved yet but this is as close as I feel I can get to doing so. The time has come for me to put my brain to rest and give my time to my family instead of you damn degenerates. + +All I ask is one thing from all of you. If there's an SEC filing by RC Ventures on the eve of September 16th, 2021 I think you owe it to yourself to Listen to In The Air Tonight by Phil Collins. + +&#x200B; + +[Even if a Tweet comes this week, this will be the moment just prior to the SEC Filing.](https://preview.redd.it/skwzcfpz86n71.jpg?width=960&format=pjpg&auto=webp&s=0fdb15cb0f3980f2bde72141038db29e6e801d33) + +Edit 1: Had to edit Roll Date to Expiration Date on 2 of the Tweets since I labelled them incorrectly. Thanks Mychelly360. +I know people here like privacy, but if cryptocurrencies go mainstream then if have to be traceable. So many countries have one (or more) of theses problems: + +* Corruption in public procurement. +* Political party funding with injustificated money +* Secret lobby. +* Narco-states. +* Super rich who do not pay taxes. +* Bribery. + +And the list go on. And as example, look what happen in Argentina: + +[Former Secretary of Public Works (at the time) JosĆ© LĆ³pez was found with a bag with \~ $ 9 million that was hidden in a church.](https://www.theguardian.com/world/2016/jun/17/argentina-ex-minister-convent-cash-jose-lopez) + +With Monero (as example) these things would never be public and corruption would go unpunished. +I am in my mid 20s with a very stable job and have roughly 40k in my savings account. I have around $1200 in a few random stocks but I feel as if I'm not putting the money in my savings to work. I am still renting and do not have any debt. What should I do? +Hi, everyone! + +I'm a recent college graduate and recently was fortunate to receive $160,000. I am debt-free (except for a small $2,500 car loan at 1.9% APR that I'm using to build credit) and have a substantial emergency fund of $15,000, plus additional savings of $25,000. My 401k and IRA are maxed out for the year. + +The money has been sitting in a savings account since I received it because I'm not sure which ETF (or ETFs) to put the money in. I'll probably either throw all of it ($175,000) in VTI, or put 60% of it in VTI and 40% in VSUX. + +I've spent countless hours researching how to invest this money and I'm honestly ready to be done with it. Thoughts on this plan? + +Thanks! + +P.S. -- I'm a little concerned about the potential for a stock market crash in the near future. I've heard a lot of speculation in the media about this. I know it's generally foolish to try to time the market, but I'd feel pretty dumb if I invested $175,000 in the stock market right before a crash. Should I wait to invest, or just make the jump now? +Iv seen so many videos based on FOREX I personally donā€™t know who to go to legitimately learn from. I know a lot about it now as I put two and two together , besides that a real technical analysis teacher ( YouTube preferably ) would be a huge help , iv not traded with real money until of course I know the market well and that I am mentally , physically and educated to be prepared for the pressure of trading. +I had a lot of medical bills over the past year, and my truck broke down. I am 11k in debt, with a limit of 15k on my card. The APR is 24%ā€¦ + +Is it possible for me to close this credit card and transfer the debt to a new one that would offer me 0% for the first year? I just need some time to pay this all down and its becoming difficult with my current APR. +I always just assumed you had to roll it into your next employer when you change jobs, but our fin guy (Ameriprise) said I could roll it into an ira and start a new 401k with new employer. + +pros? cons? +Iā€™m 50 years old, no significant savings. Just started a small business, itā€™s doing ok. I want to put away $200 a week. Without over complicating anything, where would be the best place to put this? + +Iā€™m hoping to have this business for at least 10 years. Hopefully it will do better with time so I can save more than $800 a month. + +I have a ā€œrealā€ job with a paycheck to pay my bills so this ā€œincomeā€ is all extra. + +TYIA +So to start... Iā€™ve been with my girlfriend for over 5 years now and we even have a 2 year old daughter. We are very happy together and I would love to marry her. The problem is that there is something in my head that wonā€™t let me propose because Iā€™m completely afraid of the costs of getting married and having a wedding. + +In no way is my girlfriend asking for a crazy extravagant wedding but she is going to want something for our friends and family to come and have a good time which I completely understand. I really do what to propose and marry her as well, I just know that as soon as I do, thatā€™s when the planning starts to come in and everything will become overwhelming and I canā€™t process in my head having a one night party thatā€™ll put me in debt. + +Am I overthinking this and just need to be talked off of the ledge? +I'll start with some background info. I'm 23 years old, 0 debt, $70,000 in savings, and have a $65,000 annual salary. I just started a job that has a 40% 401k match so I was planning on maxing that. + +I was planning on improving my career skills + salary by job hopping but the job I got out of graduation is at a very well established company that treats me well. I'm able to work remotely which means "from home" to most, but I think I would be able to pull off traveling and working at the same time. + +I've never really lived outside of my parents house, (Went to a commuter college), but don't think that the amount of money I currently make will allow me to live comfortably and do things like max my 401k. + +Financially, I feel like the best thing to do is continue living at my parents. After a year, I'm hoping my salary will be closer to 90k. I think I can feel okay traveling + working at that point or moving out. I was planning to do that for about a year, then come back and buy a place that I could also rent out. + +But, I guess I'm not really too happy with life right now, mooching off my parents makes me feel like I'm a kid, and maybe it is just some angsty 20 year old thing, but I feel like I sort of need my own independence. I'm not sure if traveling will really help but I think it is a good mid-step between full independence and I think it may help me enjoy social activities more. + +I feel like I have so many options that it's a bit overwhelming and I will just fall back on the easy/comfortable thing to do. + +So I guess there's a couple of questions here: + + +1. What should I do with my money? Is 401k + save till I buy a place to maybe rent out a decent financial plan? Is there one better? + +2. Has anyone else here been in a similar situation? What did you end up doing? + +3. What do I do from here? Is this life from now on? Work? + +Hello, I recently received an email to further go down the application process for an advisor development program. + +This is the farthest Iā€™ve gone for any finance application, and am wondering what I could expect for this first phone call for this program. + +Am I going to be quizzed on Shiller PE, sharpe ratio, CAPM, rotation strategy, and the Greeks, or is this more of seeing that I am a human being? Personal experiences and tips are appreciated. +Looking for "must haves" and general advice for a kitchen and master bath remodel. The value of our home is approximately $900k in the DFW area (is DFW MCOL?) I am thinking it will cost approximately $150-200k for kitchen, flooring, and master bath but we haven't had a proposal yet. My current thoughts are a built-in fridge and plumbed-in water connection for an espresso machine. +I sat my 7yr old son down and showed him my ledger nano and how to use it in case anything ever happens to me. + +I explained there is electronic money on it and it will be his one day. Went through the process of wiping it and restoring with the seed. But reminded him never ever tell anyone about it is our secret. + +He's a smart kid and was amazed at how it's secured by an extremely complex code and that no one can steal the money you can take it anywhere and it's safer than a bank because the ledger is a bank itself (i know that's not quite correct but still). I didn't tell him how much are on there but told him one day it will be extremely valuable that's why I'm telling him about it is for him when he grows up. + +Later that day we talked about how to secure the seed and printing it on a metal plate. He thinks it is so cool. + +It amazed me how a child instantly understood it and showed how cryptos are for the future generations not us. We are early adopters so buy at least 1 bitcoin for your kids. Just might set them up for life. +I'm in my 20s and have since university, I've formed some bad financial habits including eating out for most of my meals. Once these habits led to me spending $36 on food delivery for 2 people, I realized something needed to change. + +What started off as a Whopper at BK once in a week in 2012 turned into a habit of ordering medium combos 4x a week at the drive-thru and pizza delivery. Here the amounts would be around ~$25 if I was paying to feed two of us. + +Then in 2017, I learned about food delivery apps like Skip the Dishes and Uber Eats and how convenient they were. It became a daily ritual of ordering a big meal, paying a $4 delivery fee as well as a tip on top of a $20-30 dollar meal. I had tried deleting the apps and often found myself easily reinstalling and the apps would remember my credit card info. + +Some courage led to me finally taking a look at my numbers and it was shocking to learn that I was spending upwards of $900 a month on food. Groceries were included but those would often go to waste because ordering food from my phone was such a routine, I didn't need to open the fridge door. + +After being self-aware of my spending, I set limits for myself. I would keep the apps, look at them if I needed to, but I would not order. Instead I would order Dominos if I had an intense craving and remind myself of how I would feel the next morning if I did just that. + +Results: + +In a 50-day period including today, I have only ordered Dominos twice, spending $40 in total. + +Within the past 50 days, I've spent $0 on food delivery. + +Takeout: $150 +Groceries: $350 + +This gives me more $$ to save instead. + +My SO never supported me ordering food delivery but I always fed him to be fair. Now he is very supportive of getting groceries as he knows they are not going to waste. We have made more meals together and are enjoying the time spent making them. We can improve by making salads and other healthy meals as we have been digging into ice cream at home (solving the problem of food delivery can lead to new problems when grocery shopping but that'a a different story). + +If anyone can relate to this, just know that it is never too late to form better habits. I now have over $5000 in savings and there's potential for so much more if I can keep cutting food expenses. + +If you're spending enormous amounts of $$ on takeout or delivery, focus on small improvements, like ordering a $20 meal instead of $30 or ordering three times a week instead of five times. + +Believe that you can develop better habits, and get yourself back up again if you did slip. I'm restricting myself by not even ordering in, but it is okay if you do moderately. +[https://www.teletrader.com/boe-s-bailey-gilt-market-volatility-unprecedented/news/details/58744463?internal=1](https://www.teletrader.com/boe-s-bailey-gilt-market-volatility-unprecedented/news/details/58744463?internal=1) + +"Bank of England Governor Andrew Bailey stated on Tuesday that the market volatility for long-dated United Kingdom government bonds is unprecedented and that it surpassed levels the central bank uses in stress tests. + +The BoE has seen a "serious crystallization of financial stability risk" in recent weeks, he said during an event organized by the Institute of International Finance (IIF) in Washington DC. + +There are "structural flaws" with pension funds' hedging strategies, he noted, warning the funds they have "three days left" to rebalance as the BoE will end its bond-buying scheme on October 14." + +And what do markets? AND WHY.... +My main motivation: I am a huge reader and I looove learning. I want to spend all my time learning more about the world: math, physics, chemistry, astronomy, geology, computers, you name it. I've been reading a lot in my free time since I started my career but with job stress sometimes I'm just not in the headspace to sit down and concentrate, so I waste most work days on reddit/TV. + +But if I were retired, I could do this 'full-time' for 40-60 hours a week instead of maybe 6-10. It's not an expensive thing to do at all, it's something I can do with my wife since she likes reading as well, and it's all I really wanna do. Well that and sink a few hours a day into RDRII. I really don't have any expensive interests to speak of - I'd be perfectly fine with something like a $1k a year budget to spend on new books and video games. + +What about you? What would you spend all your days doing (or what do you do currently if already FIREd)? I'm sure this is asked a lot, so feel free to link me any other posts where this has already been discussed :) +I'm about halfway to FI, and also halfway through a sabbatical focusing on home improvement, craftsmanship, and insourcing. + +I had plans to drive to the lumber yard today, but nope. We got 6" of snow overnight, with 6-12" more on the way today. So instead, I walked to the gas station for the newspaper, watched the hardworking people of the world spinning their wheels, and went home to do the crossword over a cup of tea. + +It feels so good, I just wanted to share. +**TLDR:** Trying to find out if there's a point to me going in debt to get a degree in Computer Science if companies likely won't hire me due to my criminal record and lack of experience at 25, and the fact that my criminal record shows mental health issues as described in the 2nd paragraph below this one. + +I've been in and out of the psychiatric system in BC since 17 when I tried to hang myself. Recently I had to escape BC and went to Ontario because I was being forced to be injected with antipsychotics there after being misdiagnosed as bipolar and it was negatively affecting my quality of life, athleticism, mental cognition, and etc. I've been seeing an endocrinologist here in Ontario for treatment for hyperprolactinemia, hypothyroidism, and hypogonadism, and am now almost ready to work. [This](https://www.cbc.ca/radio/the180/facts-vs-values-in-canadian-health-care-forced-psychiatric-care-and-urban-indigenous-people-need-a-voice-1.3764173/a-psychiatric-refugee-why-one-woman-fled-b-c-s-mental-health-laws-1.3764440) CBC article talks about a woman who fled from BC to escape its mental health laws like I did, and that article and [this](https://clasbc.net/charter-challenge-of-forced-psychiatric-treatment-filed-in-bc-supreme-court/) one talk about how "BC is the only jurisdiction in Canada that still uses a ā€˜deemed consentā€™ model" and "people who are involuntarily detained under BCā€™s Mental Health Act ā€“ or released from hospital on leave ā€“ currently have no right to give or refuse consent to any psychiatric treatment. They are legally ā€˜deemedā€™ to consent to all psychiatric treatment and can be forcibly administered medications and electroconvulsive therapy, even when they are mentally capable of making their own treatment decisions". + +Because I ran away from BC, I now have a provincial warrant for my arrest there and am living in an Ontario shelter. The Ontario police told me they evaluated my case and are not gonna extradite me to BC luckily. But the problem is that this warrant for my arrest will probably stay on my criminal record, and most office jobs typically background check. Furthermore, I've been to jail 3 times for assault, stupid bar fights and one incident where I punched a bus driver for yelling at my then-girlfriend. I also have no significant work history (only 6 months at a fast food chain and 2 months in another) because of being in and out of the psychiatric system. + +You guys can judge me as being crazy or being a piece of shit for my past actions, but surely everyone here can agree that a 25 year old should not be doomed for the rest of life because of mistakes he made in his youth. I got good grades in high school and want to get a degree in Computer Science and turn my life around, but because of my past criminal record along with the new BC Mental Health Act warrant for my arrest, as well as the fact that my work history on my resume is essentially empty even though I should have 7-9 years of experience by now at 25, I feel like I'm doomed to failure before I even start as no one would hire me after I got my CS degree. Can anyone please give me a gameplan or an outline of what to do? I really don't wanna resort to a life of crime but I also don't wanna spend tens of thousands of dollars on a degree if no one is gonna hire me after I graduate due to background checks. I just want a normal life and to work a normal office job in tech. +This place can be somewhat dull with all the talk about technology and price predictions so lets spice it up a little: Name your craziest crypto currency or blockchain technology related prediction for the future. + +Rules: Must be crazy. No Bitcoin will hit 50000$ again (we all know this will happen allready) + +Here are some of mine: + +\- A completly decentralized company will be listed on the S&P 500 in the next ten to fifteen years. + +\- Ethereum will flip Bitcoin in 2022 and become the biggest cryptocurrency by a long shot +Iā€™m heading to a top 5 business school this fall and this career path has always intrigued me. All of the early 30s CEOs I know did this coming out of Wharton, Stanford, etc. Curious to hear the opinions of FIRE minded folks. + + + +Edit: thanks everyone for the great replies and for pointing out the vagueness of my post. For reference, I did my undergrad at West Point and served for 6 years. I then worked at a F100 in operations management before joining a Big 4 deals consulting practice. Iā€™m headed to an Exec MBA with a goal of moving to a strategy consulting firm (i.e. MBB, S&, LEK, etc.) but was curious about search funds. A mentor of mine, former Marine and HBS alum, is a CEO of a small healthcare software company and his career path has always interested me. +There are a lot of memecoins going round but today I present you with an actual project. Radix is the only L1 protocol with unlimited scalability and full atomic composability across all shards. + + +For people who don't know what atomic composability is, it is the ability to instantly commit a transaction across multiple shards at the same time in a single step. This is in contrast to non-atomic composability where a transaction goes through on one shard first and then other shards later or cross shard transactions take multiple blocks to process. Non atomic composability is really inefficient and completely breaks a lot of apps, things like flash loans and apps like yearn and MakerDAO stop working properly across shards without atomic composability and even apps like Uniswap can experience problems. +By providing atomic composability and Unlimited scalability Radix is the only project that will be able to scale DeFi indefinitely into the future without issues. + + +Radix makes dapp building much easier too, dapps are built out of FSM components which are more secure than solidity smart contracts, easier to build and easier to learn for traditional web devs crossing over into the world of decentralised apps. App developers who build useful components on Radix will receive lifetime royalties whenever their component is used, encouraging the growth of the Radix ecosystem and rewarding devs for making valuable contributions. +Right now the project is sitting at a marketcap of 170M, this is nothing for a project that is solving such huge problems and has this level of technology. +If the tech wasn't enough, Radix is about to release their Betanet a week from today and Mainnet in June. It is early now but momentum is building up now and after seeing what recently happened with Solana I don't think it will remain undervalued for much longer. + +TLDR +- Unlimited scalability, very fast, cheap fees +- The only platform where apps don't lose performance with sharding +- Easy to build apps on +- Lower risk of smart contract exploits +- Great developer incentive program (lifetime rewards) +- Betanet in 1 week, Mainnet in June +- 170M marketcap +Radix has real potential to be a top 10 project. +Possibly a stupid question, but with the US doing quantitative easing, shouldnā€™t our Australian dollar be stronger against it? Iā€™d imagine more supply of USD would make its value going down against AUD since we are not doing QE. +We got a rough quote from a private health company for $45 per week (We are a couple aged 25-30 with a baby aged 0). Doing the maths, this equates to just under $10,000 over 4 years. In 8 years $20,000! We are a single income household (due to new baby) now earning under the medicare levy threshold. + +Would it not be wiser to religiously put this $45 per week into our offset account because we are healthy and young and donā€™t see anything huge cropping up in the near future? Obviously if something does crop up we have the funds just sitting there in our offset that we can dip into anyway... + +I always hear about people needing big jobs done that their private health doesnā€™t fully cover anyway eg. Tooth knocked out, wisdom teeth fees etc + +I see how when youā€™re older you might want to have private health when the chances of all the illness/disease skyrockets. Also if youā€™re earning above the Medicare levy itā€™s a better move financially apparently. + +But is private health just for ā€˜richā€™ people ? +Since technology came, weā€™re being quoted by Mr. Market with our stock prices for every second, when the market opens, and can easily manipulate our emotions and decisions. + +I heard one of Warren Buffett sayings that investors will have a better investment decision if theyā€™re only being quoted with their stock price once a month or a year. + +I remember back in the days when my father watches his stock prices in a newspaper once a week. Imagine only looking at your stock price on a piece of paper, your emotions cannot easily be manipulated, compared to a phone or computer and see the stock price moves up and down every few seconds. + +However, people are more educated nowadays due to access to free information about investing in stocks and they know what to do when their stock prices go down, while the value stays the same, buy the dip. Although I know IQ is different from EQ, especially in investing. + +My question is, do you think investors are more emotional nowadays as compared to before the technology came? +To everyone saying to move on from the mod drama. Do a deep dive into renshill and reds past in the original gme sub. Renshill is sus as fuck, has already price anchored previously, and will probably do so again in the future. + +Red just seems like a useful idiot with a powertrip. + +I'm not selling until I'm obscenely rich from X shares. The other XXX shares are going to the pool we can't talk about here because it scares the mods employer. + + +[Link to Part 1](https://www.reddit.com/r/Superstonk/comments/t2wgmm/riddle_me_this_anon_nightmare_mode_aka_i_foretold/) + +<==================================================================================> + +&#x200B; + +<===============================CONTINUE?=========================================> + +&#x200B; + +<=============================INSERT 1 WRINKLE======================================> + +&#x200B; + +<====================================================================================> + +[Sears tweet.](https://twitter.com/ryancohen/status/1400492465442811904) + +Another unfortunate company that got locked in the cellar. Another Company that dared to take on Amazon. + +[Timestamp](https://www.law.cornell.edu/uscode/text/14/939). [Two AGAIN!](https://www.law.cornell.edu/uscode/text/33/939) + +[Date????](https://en.wikipedia.org/wiki/June_3) + +(Hint: 1539, 1781, 1839, 1889, 1916, 1965, 1980, 1989, 2013) + +============================================================= + +[Hereā€™s his Dad again](https://twitter.com/ryancohen/status/1406678556436877315). + +&#x200B; + +[ ](https://preview.redd.it/8z5wmbo7jfk81.png?width=930&format=png&auto=webp&s=8c1202685a4af0a348f2ea1c8f9b1179f79f4d09) + +The photo says everything you need to know. The riddle is beautiful in itā€™s simplicity, but no one I have read makes the connection to a date. + +Ryan Cohen's father is standing over Godzilla. + +Does anyone really know Godzilla's origin? + +"On March 1, 1954, just a few months before the film was made, the Japanese fishing vessel Daigo FukuryÅ« Maru ("Lucky Dragon No. 5") had been showered with radioactive fallout from the U.S. military's 15-megaton "Castle Bravo" hydrogen bomb test at nearby Bikini Atoll. The boat's catch was contaminated, spurring a panic in Japan about the safety of eating fish, and the crew was sickened, with one crew member eventually dying from radiation sickness. This event led to the emergence of a large and enduring anti-nuclear movement that gathered 30 million signatures on an anti-nuclear petition by August 1955 and eventually became institutionalized as the Japan Council against Atomic and Hydrogen Bombs. The film's opening scene of Godzilla **destroying** a Japanese vessel is a direct reference to these events and had a strong impact on Japanese viewers with this recent event **still fresh in the mind of the public.** + +Oh, Cohen baby, did you really use [Wikipedia](https://en.wikipedia.org/wiki/Godzilla_(1954_film)) to say what you wanted to say? + +Superman lives forever? + +[TimeStop?](https://www.law.cornell.edu/uscode/text/15/1121) + +[Date in context of history?](https://en.wikipedia.org/wiki/June_20) + +(Hint: 1782, 1877, 1900, [1945](https://en.wikipedia.org/wiki/Operation_Paperclip), 1972, 1975, 1990, 2003) + +============================================================ + +On to the next one apes, Weā€™re not done yet. + +STILL, WHAT ARE YOU OP? + +============================================================= + +[Terrance and Phillip Tweet](https://twitter.com/ryancohen/status/1407896835096678402). + +Mmm, no text. Remember what the no text tweets are, the [Timestamp](https://www.law.cornell.edu/uscode/text/16/802) is much more important in these. + +[DDates?](https://en.wikipedia.org/wiki/June_23) + +(Hint: 1860, 1868, 1887, 1926, 1938, 1947, 1959, 1961, 1967, 1969, 1972, 1991, 1994, 2021) + +================================================================ + +[Brick by Brick](https://twitter.com/ryancohen/status/1410398196610723842) + +[TimeStamp???](https://www.law.cornell.edu/uscode/text/11/541) + +ANOTHER REPEAT? + +[Date](https://en.wikipedia.org/wiki/June_30). + +(Hint: 763, 1688, 1805, 1886, 1905, 1916, 1934, 1997, 2019) + +==================================================================== + +[Power to the Players.](https://twitter.com/ryancohen/status/1411737540210561036) + +Another American flag huh? Almost like heā€™s repeating himself on purpose. + +[Time Stamp.](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1023&num=0&edition=prelim) + +[ā€˜Murica](https://en.wikipedia.org/wiki/July_4) + +(Hint: 1054, 1456, 1744, 1774, [1776](https://en.wikipedia.org/wiki/American_Revolution), 1802, 1803, 1826, 1976, 1997, 2006, 2012) + +================================================================ + +[I love Lego](https://twitter.com/ryancohen/status/1413223954387406851). + +[Timestamp.](https://www.law.cornell.edu/uscode/text/26/1250) + +[Date.](https://en.wikipedia.org/wiki/July_8) + +(Hint: 1775, 1776, 1889, 1932, 1947, 2011) + +============================================================= + +[The two blondes tweet.](https://twitter.com/ryancohen/status/1413669955984236545) + +Huh another one about Lego? Maybe thatā€™s a clue. + +Oh wait because it also points to March 1st as this is the day the new lego sets are released. + +With a Lamborghini Countach to boot as wellā€¦ + +[Time Stomp](https://www.law.cornell.edu/uscode/text/2/622). + +Another [Date?](https://en.wikipedia.org/wiki/July_9) + +(Hint: 1850, 1863, [1896](https://en.wikipedia.org/wiki/July_9), 1937, 1955, 1962) + +=================================================== + +[PG-13](https://twitter.com/ryancohen/status/1413669955984236545) + +I think this PG-13 picture is Cohen trying to express some kind of split. + +Stock split, unlikely. + +NFT DIVIDEND-STOCK HELD. Could that be the ā€œsplitā€? + +Makes more sense to me. You split Chopsticks, but you HOLD them TOGETHER. + +Kind of like stock dividends being shares or tokens of a potential new NFT securities marketplace. + +[Stamp Time???](https://www.law.cornell.edu/uscode/text/45/748#:~:text=The%20Corporation%20may%2C%20in%20accordance,the%20system%20of%20the%20Corporation.) Iā€™m running out of these. + +[Masterdate](https://en.wikipedia.org/wiki/July_19). + +(Hint: 1845, 1870, 1977, 1981, 1983) + +====================================================== + +I think [this tweet](https://twitter.com/ryancohen/status/1418751218566918146) was Cohen just making it clear as day that this was DRS. + +Computer Chair? Yep, pretty obvious. + +Listen, the cone poo chair was totally right too. I just think Cohen wasnā€™t communicating that in the tweets as most did. + +Also, the Typographer was first released on this day. Which was the precursor to the typewriter. Which was the precursor to the computer. + +[Slime Thamp.](https://www.law.cornell.edu/uscode/text/28/653) + +[Ates](https://en.wikipedia.org/wiki/July_23). + +(Hint: 1829, 1903, 1921, 1972, 1999, 2012, 2015) + +================================================== + +[Mario on ice.](https://twitter.com/ryancohen/status/1420411942846361612) + +Personally, I think this one has Reggieā€™s fingerprints all over this one. This one did come out during the Olympics as well. But I canā€™t find the specific game that this was from so maybe someone can help with that. + +[Itsa Time Stamp.](https://www.law.cornell.edu/uscode/text/26/852#:~:text=%C2%A7%20852-,26%20U.S.%20Code%20%C2%A7%20852%20%2D%20Taxation%20of,investment%20companies%20and%20their%20shareholders&text=as%20of%20the%20close%20of,did%20not%20apply%20to%20it.) + +[Mamaia](https://en.wikipedia.org/wiki/July_28) + +(Hint: 1635, 1854, 1868, 1896, 1914, 1960, 1984 ([what is that tagline](https://en.wikipedia.org/wiki/1984_Summer_Olympics)), 1996, 2005) + +===================================================================== + +[Googly Eyes](https://twitter.com/ryancohen/status/1420940035042414595) + +Say what you will, but I think that Cohen is saying that you should Google all of this stuff. + +This to me was the biggest hint that we were close to understanding what he was saying, just use your eyes and Google it. + +Simplest explanations are often the most accurate, right? + +[Lime Taps](https://www.law.cornell.edu/uscode/text/26/752) + +Da wae,[ I mean Date.](https://en.wikipedia.org/wiki/July_29) + +(Hint:1775, 1858, 1871, 1921, 1958, 1973, 2021) + +============================================================= + +[Victoriaā€™s Secret.](https://twitter.com/ryancohen/status/1423766191311519747) + +This was my main argument for the end of BEWARE THE IDES OF MARCH. + +Probably should have launched this one first huh? + +Oh well. + +Remember how the no text tweets meant that there was extra emphasis on the timestamp? + +[Two meanings?](https://www.law.cornell.edu/uscode/text/3/301) Iā€™ll get to the other one in a moment. + +[Date](https://en.wikipedia.org/wiki/August_6) me baby. + +(Hint: 1912, 1914, 1944, 1945, 1960, 1965, 1990, 1991, 1996, 2012) + +============================================================== + +[Drugs R bad mmkay.](https://twitter.com/ryancohen/status/1425606429574979584) + +Oh would you[ looke ](https://www.law.cornell.edu/uscode/text/28/453)at that. [TWO CODES](https://www.law.cornell.edu/uscode/text/26/453) IN THE TIMESTAMP! + +[Rate?](https://en.wikipedia.org/wiki/August_11) Rragggy? + +(Hint: 3114 BC, 1315, 1919, 1969, 1972, 1992, 2003) + +======================================================= + +[DONā€™T MESS WITH A COHAN.](https://twitter.com/ryancohen/status/1428518642937892868?cxt=HHwWiMCwteOIj9MnAAAA) + +OH WOULD YOU LOOK AT [THAT!](https://www.law.cornell.edu/uscode/text/18/545) [TWO MEANINGS!](https://www.law.cornell.edu/uscode/text/11/545) + +[Date](https://en.wikipedia.org/wiki/August_19) + +================================================ + +[Time for Pillow Fights and 60s music.](https://twitter.com/ryancohen/status/1431433651414306825) + +Once again probably referring to America. + +6:49? [Two](https://www.law.cornell.edu/uscode/text/18/649#:~:text=%C2%A7%20649-,18%20U.S.%20Code%20%C2%A7%20649%20%2D%20Custodians,to%20deposit%20moneys%3B%20persons%20affected) meanings on[ this one](https://www.law.cornell.edu/uscode/text/15/649) too. + +Another rake, I mean [DATE.](https://en.wikipedia.org/wiki/August_27) + +(Hint: 1776, 1798, 1813, 1832, 1859, 1883, 1896, 1928, 1962, 1956, 2003) + +========================================================= + +Are you actually reading these Anon, I did. Good lord Cohen didnā€™t want to be noticed for saying what he wanted to say. + +BESTIE, WHAT IS COHEN SAYING!! TELL US!! + +========================================================== + +[Talk is cheap, it takes money to buy whiskey.](https://twitter.com/ryancohen/status/1442208550600671232?cxt=HHwWgICs6aPC4IMoAAAA) + +Whiskey Rebellion? Quote from Chicago Tribune? + +Nah, Heā€™s talking about the [Timestamp](https://www.law.cornell.edu/uscode/text/11/1224). + +Oh these [dates](https://en.wikipedia.org/wiki/September_26) are nice and crispy. + +(Hint: 46 BC, 1087, 1493, 1580, 1688, 1777, 1789, 1905, [1914](https://en.wikipedia.org/wiki/Federal_Trade_Commission_Act_of_1914), 1933, 1953, 1959, 1960, 1969, 1984, 2000) + +========================================================= + +[Florida](https://twitter.com/ryancohen/status/1447407898905268225). + +Mmmm, When was the Constitution of Florida ratified? + +Canā€™t Stop, Wonā€™t Stop, [TIME STOP!](https://www.law.cornell.edu/uscode/text/26/845) + +[DATESTOP](https://en.wikipedia.org/wiki/October_10), WONā€™T STOP, CANā€™T STOP! + +(Hint: 1846, 1911, 1913, 1963, 1964, 1967) + +================================================ + +Sumo [Tweet](https://twitter.com/ryancohen/status/1453174821072801794). + +Mmm, using dates might have something to do with the [revolution](https://en.wikipedia.org/wiki/October_Revolution) that happened that date. + +GameStop sharehodlers were being accused of being communists by MSM, which is wrong. I prefer decentralists personally, or apes. + +A giant sumo vs a smaller fry of a man. MMMM. makes you think, don't it. + +[Timestamp](https://www.law.cornell.edu/cfr/text/23/part-940) + +[Date](https://en.wikipedia.org/wiki/October_26) + +(Hint because these are kind of amazing. I'm still into you COHEN + +(1341, 1774, 1825, 1881, 1917, 1999) + +==================================================== + +[MGGA?](https://twitter.com/ryancohen/status/1454841759104749574) + +Mmmm, not seeing any historical context, but MGGA is the short for a chemical reaction for [Mannosylglucosyl-3-phosphoglycerate synthase.](https://en.wikipedia.org/wiki/Mannosylglucosyl-3-phosphoglycerate_synthase) + +MGGA is the Catalyst for a process called Guanosine diphosphate mannose or [GDP-mannose](https://en.wikipedia.org/wiki/Guanosine_diphosphate_mannose). This process is found during the process of the metabolism in most living creatures. + +Money could be viewed as an ecosystem in some regard so maybe Decentralization would be a supercharged metabolism? Tenuous link, but these are some distinct acronyms that line up. MGGA being a catalytic process is enough for me. + +Also the Elemental table symbols for Magnesium and Gallium are Mg and GA. + +Here is a paper written for a potential use for temporary implants in osteosynthesis using magnesium. These [implants](https://www.sciencedirect.com/science/article/pii/S2213956720300402) would dissolve in a patient and wouldnā€™t have to require surgery to remove them. + +However, it seems more likely that this is him referring to an acronym like FANNG. + +MGGA. Easy, Microsoft. GameStop. Google. Apple. + +GME is already partnered with Microsoft, uses Google for their cloud computing, and Cohen is still the largest individual shareholder in Apple. + +Makes sense. I liked that theory from the start. + +The US Code for the Time stamp was 11:04. Ha, two of them. [UNO](https://www.law.cornell.edu/uscode/text/29/1104) \+ [DOS.](https://www.law.cornell.edu/uscode/text/11/1104) + +The first one is self explanatory in my opinion. The second one could be interesting as well, Postal Service regulations? Could it mean some sort of delivery soon? + +First one refers to fiduciary duty, second refers to the appointment of trustees and examiners. + +[Date?](https://en.wikipedia.org/wiki/October_31) + +( Okay what the hell. Hint: 475, 683, 802, 1517, 1864, 1913, 1922, 1924, 1938, 1940, 1941, 1956, 1961, 1968, 2000, 2011, 2014) + +================================================================== + +[HODL](https://twitter.com/ryancohen/status/1457902069206163460) + +The perfect strategy for investors. Making it clear as day that maybe you should reconsider **EVER** selling. + +spmatsemiT + +There are three of them. [UN](https://www.law.cornell.edu/uscode/text/6/945). [DEUX](https://www.law.cornell.edu/uscode/text/11/945). [TROIS.](https://www.law.cornell.edu/uscode/text/43/945) + +[Date](https://en.wikipedia.org/wiki/November_8) + +=============================================== + +[I have a small wee wee.](https://twitter.com/ryancohen/status/1460127511619252230) + +This is a reference to Kenny vs Spenny. "I have a small wee wee, Hear ye, hear ye" was said when Spenny was wearing a revolutionary war looking outfit. Now it was just getting obvious. I thought ā€œwow these dates just keep adding up into this one doesnā€™t it.ā€ + +[Timestamp](https://www.law.cornell.edu/uscode/text/26/108) + +[Date](https://en.m.wikipedia.org/wiki/November_15) + +(1532,1533, [1777](https://en.m.wikipedia.org/wiki/Articles_of_Confederation),1864,1889, 1920, 1923 1939, 1966, 1969, 1971, 1979, 1985,1987,1988, 1990, 2001, 2002, 2012, 2013) + +======================================================== + +[Dr Ruthā€™s Sexy Tips](https://twitter.com/ryancohen/status/1462612474071502848?cxt=HHwWgMCykfiSn8woAAAA) + +Dr. Ruth Sex. DRS. Easy peasy, just like the Computerchair tweet. I think most people were on point with this one as more tweets started to come out, the messaging just got clearer and clearer. + +[Timestamp: OHHHHH About Counterfeiting you say](https://www.law.cornell.edu/uscode/text/18/642) + +[Date](https://en.wikipedia.org/wiki/November_21) + +====================================================== + +[Only people who want to WORK](https://twitter.com/ryancohen/status/1465518039055622148?cxt=HHwWiICznYq5yNYoAAAA) + +I think that the message in this one could mean a few different things, like maybe he is telling the apes that they might need to make more content for the Marketplace or that the company needs more people who actually want to work and support it. + +Either way, the [Timestamp](https://www.law.cornell.edu/uscode/text/26/708) is just golden. Talks about Mergers and Partnerships. + +[Date](https://en.wikipedia.org/wiki/November_29) + +=========================================================== + +[Iā€™m also cooler online than real life Cohen](https://twitter.com/ryancohen/status/1469395426839302145?cxt=HHwWgsC4teDWq-QoAAAA) + +Well. There you have it. Chairman saying that he knows his way around the internet, just like the rest of us are. + +But this is really where the Metaverse is introduced into these tweets. Iā€™m sure everyone would rather be the idealized video game version of themselves as well, and whenever this metaverse is ready, Iā€™m confident that youā€™ll be able to look as cool and dripped out as you want to be. + +Also RC, youā€™re pretty cool in real life too by all regards. Just saying. + +Timestamp. + +Wait, this one doesnā€™t have a timestamp. + +OR does it. Because ERC-1155 is the multitoken of Layer-2 Encryption and what you can currently mint NFTā€™s on at Loopring. + +[eatD](https://en.wikipedia.org/wiki/December_10) + +======================================================= + +[Hereā€™s his dad again.](https://twitter.com/ryancohen/status/1470333397662896130?cxt=HHwWhMC40eub1ucoAAAA) + +God damn that man seemed like the coolest. + +I donā€™t think thereā€™s anything else here in this tweet messaging wise, and also if you're reading this by any chance chair. + +Your dad would be mighty proud of you, the community that has been fostered around this stock is a beautiful thing. + +[Timestamp:](https://www.law.cornell.edu/uscode/text/18/202) Shocker. It's about ā€œSpecial government employeesā€ + +[Date](https://en.wikipedia.org/wiki/December_13) + +=================================================== + +Can you be my [Sugar Daddy?](https://twitter.com/ryancohen/status/1470363505027129346?cxt=HHwWhIC5_aj04-coAAAA) + +This is definitely posted somewhere about how there was an ape on one of the cards in the 1960ā€™s commercial. + +Also E-Trade had a commercial about having a sugar daddy. + +E-Trade is a subsidiary of Morgan Stanley, whomst is currently under a DOJ probe. + +[Stop time](https://www.law.cornell.edu/uscode/text/26/404) + +Date (Same day) + +=================================================== + +[More poop.](https://twitter.com/ryancohen/status/1471901513723387915?cxt=HHwWloC93Zqon-0oAAAA) + +Simply and elegant and a magnificent example of a shitpost. + +Marvelous. He also could be referring to DOOMPS, which this was about the time when the DD was coming out for this, leading me to have my tities even more jacked when the cycle was found to land on my tinfoil hat prediction. + +[Timestamp.](https://www.law.cornell.edu/uscode/text/26/954) Ohhhh this one is juicy. + +[Date](https://en.wikipedia.org/wiki/December_17) + +================================================== + +[Now how does one take a dump in the Metaverse??](https://twitter.com/ryancohen/status/1475551106071732227) + +This is about when Facebook took a nosedive in after hours, very similarly to when GME took a nosedive. + +Cohen had to have known about DOOMPS having affected Facebook. + +[Timestamp](https://www.law.cornell.edu/uscode/text/29/1136): talks about coordination of Government agencies. + +[Date](https://en.wikipedia.org/wiki/December_27) + +================================================== + +[Never overestimate a man who underestimates themselves.](https://twitter.com/ryancohen/status/1478144538757808138?cxt=HHwWlIC-9YuotoMpAAAA) + +More simply, Underpromise to overdeliver. Bliss. + +Stampage of time. [There](https://codes.findlaw.com/us/title-31-money-and-finance/31-usc-sect-321.html) [are](https://www.law.cornell.edu/uscode/text/21/321) [FOUR](https://www.law.cornell.edu/uscode/text/10/321) [here.](https://www.law.cornell.edu/uscode/text/40/321) + +[Date](https://en.wikipedia.org/wiki/January_3). + +============================================== + +[Anniversary](https://twitter.com/ryancohen/status/1480918109510852610?cxt=HHwWhICzrZTLo40pAAAA) + +This was when the short sneeze was starting to swirl in January 2021. + +Time of the Stamp. This [one](https://www.law.cornell.edu/uscode/text/5/702) has two that are[ both spicy](https://www.law.cornell.edu/uscode/text/26/702). + +[Date](https://en.wikipedia.org/wiki/January_11) + +================================================= + +[Got ya Cohen.](https://twitter.com/ryancohen/status/1486867794650087427?cxt=HHwWhoCygbWYtaIpAAAA) + +I like using Wikipedia too. Alot. Like for this whole post, because thatā€™s what you used right? + +This story is going to be mighty interesting if this is what he meant. + +More likely, he said what number of tweets heā€™ll stop before something big happens with the 69 being the only number by reference he has ever done. + +Or not. Cohen is his own man. + +Pamp rime. [Remedies for Infringement](https://www.law.cornell.edu/uscode/text/17/504) and [administration of the Postal Commission](https://www.law.cornell.edu/uscode/text/39/504)? + +Maybe Computershare letters for that last one. + +[Date.](https://en.wikipedia.org/wiki/January_27) (ohhh this one is a good one. Has references to the message in the tweet as well.) + +=============================================================== + +[The movie poster.](https://twitter.com/ryancohen/status/1487204839591485453?cxt=HHwWmoC9wYG7zqMpAAAA) + +This tweet is obviously when the stonk was going skyward. Now this poster actually has more to do with Cohenā€™s main message in his tweet than at first glance. + +The little guy standing up to the Wall Street Goliath. + +Seems perfect for this story and exactly what this hegemony is after in the messaging with these tweets. + +Clock imprint. This law is for the[ Whistleblowers.](https://www.law.cornell.edu/uscode/text/38/323) + +[Date](https://en.wikipedia.org/wiki/January_28) + +===================================================== + +Welcome to the 21st century. + +GameStopā€™s new app being promoted. With the NFT code already inside the program, just waiting for launch. + +[Blimestap.](https://codes.findlaw.com/us/title-5-government-organization-and-employees/5-usc-sect-504.html) Would you look at that another repeat! + +[Date](https://en.wikipedia.org/wiki/February_8) + +===================================================== + +[The Pinata Tweet.](https://twitter.com/ryancohen/status/1491608576175099908?cxt=HHwWiMC-7ZuGobMpAAAA) + +This one by far was the most telling sign to me that the messaging was referring to something specific. Inflation is a tool of centralized power to justify wages and growth, but this new form of economics that is arising out of DeFi is the candy that falls out of the Pinata. + +Also GameStop had their IPFS developed using Pinata. Easy explanation for this tweet. + +Time for some candy. [MOAR ](https://www.law.cornell.edu/uscode/text/5/702)[duplicates](https://www.law.cornell.edu/uscode/text/26/702). + +[Date](https://en.wikipedia.org/wiki/February_9) + +==================================================== + +[The policies of the powerful have done more damage than anyone alive.](https://twitter.com/ryancohen/status/1492254050661847044?cxt=HHwWiMCyxePJxrUpAAAA) + +This one actually might have more to do with the date. This day was when the WHO said that one virus you all know and love was a global pandemic, leading for policy makers to blow out the money printer causing this massive amount of inflation we are seeing in the United States. + +Just poetry Cohen. + +TimeLamp: Talks about [bond grants.](https://www.law.cornell.edu/uscode/text/26/147) Maybe he was referring to the Junk bonds that were tossed around recently by various firms. + +[Date](https://en.wikipedia.org/wiki/February_11) + +=========================================================== + +[Ahoy Matey, thar be the Jolly Roger he be flying.](https://twitter.com/ryancohen/status/1493951577887019015) + +Well. Everyone here seems to know what the Jolly Roger is and was. + +Lookout ya landlubards, this booty belongs to the pirapes. OpenSea is so fuked. + +Seatime: MMMMM Now there it is. [Refers to Certification](https://www.law.cornell.edu/uscode/text/28/613) reviewed by the Judicial Branch. + +And people said these were just shitposts. + +[Date](https://en.wikipedia.org/wiki/February_16) + +( special hint on this one. 1804.) + +========================================================= + +And last but certainly not least. + +[The Shorts tweet.](https://twitter.com/ryancohen/status/1496304618531602432) + +We all know the line. + +Maybe he was saying the DOOMPS are going to soil their positions. + +Wake up me hearties yo ho. + +Timestamp : OHHH HEā€™S CALLING KENNY AND THE BOIS OUT. + +[Political Contributions](https://twitter.com/ryancohen/status/1496304618531602432). AND [State Grants Laws, ](https://www.law.cornell.edu/uscode/text/42/603)more specifically surrounding Marriage. + +Married Puts much? + +[Date](https://en.wikipedia.org/wiki/February_22) + +============================================================ + +Well Well Well Bestie. + +What R saying? + +RYAN COHEN AND FRIENDS ARE SAYING IN THEIR TWEETS THEY WANT DECENTRALIZED FINANCE. + +============================================================= + +The Articles of Confederation was FIRST created on what day? + +Yeah Novemburrr 15. + +BUT it was RATIFIED on March 1. + +# DUDE STOP THIS DD NEEDS TO END + +# YOU ARENā€™T DOING REAL DUE DILIGENCE, THIS WAS A CONSPIRACY THEORY. + +# LOL. + +# AND GUESS WHO MIGHTā€™VE BEEN RIGHT TWICE AND WAS JUST WAITING FOR THE DOMINOES TO FALLā€¦ + +# TLDR: + +Cohen, Cheng, Loopring, and Members of the GameStop hegemony were trying to tell the apes to want DECENTRALIZATION. + +The formula for Cohen tweets goes as follows. + +Time = United States Law/Code or protocol for ERC-tokens + +Cohen is TELLING THE APES HOW THIS IS ALL LEGAL AND WHY THEY NEED TO PAY. + +Date = Famous Event(s) on said date. + +Famous events to showcase that TYRANNY AND CENTRALIZED GOVERNMENT R FUK. + +Famous events to showcase COLLABORATION AND DECENTRALIZATION. + +Picture = wen moon/A personal coded message from Cohen. + +Wait, are you missing something Bestie? + +Nope. + +When is [Supermanā€™s Birthday?](https://www.google.com/search?q=when+is+superman%27s+birthday+comics&rlz=1C1CHBF_enUS878US878&oq=when+is+superman+bir&aqs=chrome.2.0i512j69i57j0i22i30.6879j0j15&sourceid=chrome&ie=UTF-8) + +I mentioned Godzilla. + +Cohen does love his family and friends after all, Those three tweets spoke to me more than any of them. + +Cohen made those three tweets special for a reason. + +**SO WHEN DO I THINK THE MARKETPLACE IS LAUNCHING AND/OR COHEN WILL SPEAK?** + +[**MARCH 1.** ](https://en.wikipedia.org/wiki/March_1) + +**I got mocked immediately and ignored for saying this. Some of the comments on those initial posts were just delightful in how denigrating they were. Then only months later to see anyone picking this date get showered with updoots and awardsā€¦.** + +**Felt greatā€¦** + +**But thatā€™s just been my journey with the stonk.** + +**Good thing I can laugh at a shitty situation. Being one of those people that mostly doesnā€™t get noticed or commended for anything in life, you tend to understand that if you let the pursuit of notoriety and showboating consume you, itā€™ll rob you of humility and authenticity.** + +**But guess what, who cares. This is all just fun theories and here say until something major happens. Iā€™m grateful that anyone even took the time to read those posts. Hell, Iā€™m happy that people finally woke up to March 1st. It thought I was going to be the only crazy one.** + +**Any coin I receive from any of my posts I gave to the GME orphans as well to encourage and strengthen their resolve. I think handing out awards and sending a nice comment to the smaller sharehodlers is the right thing to do and I have interacted with some wonderful people over there.** + +**Supermanā€™s birthday, Godzillaā€™s origin. Articles of Confederation, the largest piece of decentralized legislation this country has seen, were ratified on that day.** + +**Hate me if you want. If Iā€™m wrong, I know yā€™all are going to let me know anyway.** + +**Someone needs to try to tell the truth and not just a few words from a source that isnā€™t the chair.** + +**Not to mention that GameStop also needed to train all its employees how to deploy the Marketplace AND come up with a way to sell the masses on why an NFT Marketplace is great.** + +**Music to shareholders ears, not to the general public. Most people think NFT is just pictures and nonsense, GameStop has to come up with an easier way for most to understand the technology better.** + +**Heā€™ll say something when it is READY, not for impatient apes who arenā€™t planning on Hodling long term. Why screw over long term hodlers for the YOLO bros who want their crashing fiat currency right now.** + +**Also to the people saying that Matt Furlong can just announce it. Really? Did any of you even know who he was until he joined GameStop? Iā€™m guessing no.** + +**Did most hop on this train for Cohen? Yes. Heā€™s going to make the checkmate, I refuse to believe that Cohen would force his CEO to make the move. Investors want to see Cohen do it, and I think that would be the best move for them to have the chair do it. He had the vision, he should be the one to share it to the world.** + +**A great leader takes it upon themselves to do the hard things at the most critical moments, not delegate.** + +**Not to say Matt wouldnā€™t be capable of that either, clearly he is qualified. This is just Cohenā€™s move to make.** + +Weā€™ll see if Iā€™m right. Go nice on me if you are reading this, chair please. + +Trust the charts if you wish. + +Iā€™ll trust the chairman. + +Game on ANON. + +Also here are the receipts. + +&#x200B; + +https://preview.redd.it/r0bbj5ekmfk81.png?width=2174&format=png&auto=webp&s=4128b458178be879bcc35c0f780d60a953259a28 + +&#x200B; + +https://preview.redd.it/m6y6bn7lmfk81.png?width=1454&format=png&auto=webp&s=309b9027a81ff97a0ccdc4286596107ebec774cb + +&#x200B; + +&#x200B; + +https://preview.redd.it/fa05c7ylmfk81.png?width=2165&format=png&auto=webp&s=685f55a080a6495720cf53d60b05afc287d9476f + +&#x200B; + +https://preview.redd.it/ydf8t6tmmfk81.png?width=1396&format=png&auto=webp&s=7f071a24a51549289c1051320158b9861e4ef290 +Hey everyone Iā€™m looking to invest around 40k I donā€™t wanna put all my savings into the market because I have trust issues. But I would love to hear from you guys to see if 40k is enough to generate good returns on dividends if so what which tickets are the most reliable with high return payouts? + +Edit: Thank you all for the help Iā€™m not used to the actual help Iā€™m used to WSB toxic advice +Hey guys I was wondering how many stocks do you guys recommend for a portfolio that is focused on dividends ? Iā€™m currently owning 10 different companies, and Iā€™m not sure if I should get more companies or increase my shares in each company. Any opinion ? +Getting a monthly payment seems really nice; what ETF's would be a good investment for monthly payments? What are the pros and cons of getting paid out each month? + +If you can afford to invest $1,000 a month, what ETF's would you invest in, whether it is monthly pay out or annually? + +I been eyeing SPHD and SCHD, I just don't know the difference between the two. Help? +Relatively new to investing and am wondering how dividends work with ETFā€™s. I purchased SPHD and VOO and am wondering do I get dividends based on fractional sharing or what (Iā€™m assuming the ETF is all fractional shares inside one fund?). Iā€™m using Webull and am just loading up on stocks and ETF and want to make sure Iā€™m doing the dividend investing properly. +As a new investor I'm not super concerned with making a killing, I'm mostly just trying not to lose. I am buying SCHD but I want to stock pick a little and I figure the Aristocrats are good places to look? Do a little research to make sure the company is still in good health, but generally these companies are not going to easily give up their Aristocrat status so no matter what happens with the stock market I will at least still collect the dividend? +Iā€™ve been investing for about a year now and have roughly $750 coming in annually, spread out over a bunch of different stocks and a few ETFs. Iā€™ve been doing things pretty haphazardly and been wanting to put in some logic behind my thinking. Iā€™ve got a few ideas and would love some feedback on which one makes more sense for long-term dividends. Iā€™m in my late 20ā€™s and Iā€™m hoping to get to a point in my early 50ā€™s when I can retire solely off of dividends. (Iā€™ll still work, but on my own schedule and not a companies, ideally.) + +Option 1) + +Continue investing a few hundred dollars a week into whichever company in my portfolio is underweight. + +Option 2) + +Focus exclusively on one company at a time, until I get to the point where monthly/quarterly dividend buy up at least 1 share each payout to jumpstart the process of the snowball over a long period of time. Then, once that threshold has been met, I move on to the next company. + +Iā€™m not entirely sure on what is best, or if there is even a better way that I havenā€™t thought about. + +Thanks! +Help required: + + +So here is my story, I am in my early 20's and I just got a Direct Investing account with TD WebBroker. I did also watched the videos they have on their platform regarding how to use it, and I think I can handle this task. + +My goals: + +- Is to invest while I am still young, I am welling to invest between 900 - 1200 CAD a month, around 12,000 annual. + +- This investment is mainly for long term, so I think I will not be withdrawing money before like 8-10 years at least. + +Your part: I know a bit about stocks and dividend, also have no idea on options trading. + +1.Could anybody just guide me through ? I am confused what to invest in, I already checked some lists which include: KO, JNJ, MMM, O, T, MSFT, V, AAPL ... Etc + + +2.With WebBroker they charge 9.99 CAD per transaction so I will just be making like 3 or 4 transactions a month ... Any better advice if I should do the transaction in different way so I avoid paying a lot for each transaction ? + + +But mainly is in WHAT should I invest in my situation ? Any recommendations ? + + +Thanks in advance for having the time to read my post. +Iā€™m a 21 year old starting to invest and see these two have high percentage dividends, but I see a lot of people saying not to buy them. Can I get an explanation? +First, some info on me. I'm 19 been investing since my 18th. I am currently a full-time student with a stable part-time job I work during breaks/holidays. My portfolio consists of mostly dividend stocks, as well as some growth/value ETF's. I am also not one to why away if I find a non-dividend stock on sale. + +As of now I am capable of investing roughly $1000 a year. My question is, is it that really worth it? + +After graduating with a degree in mechanical engineering I will most likely start with a salary of 60k (pretax) while still being able to live at home. I predict I'll invest roughly 35% of my income, 21k. + +Is it worth investing now and starting that snowball early or is it insignificant considering in 4 years I'll be able to invest 20x more. + +Should I stick with investing $1000 a year until then, or should I spend my current cash on things I want? + +This is also best case scenario. I come out of college and quickly find a job at a decent salary, and I am ignoring the possibility of emergency because I already have 10 months expenses saved. I would also like to close with the fact that if I do begin spending rather then investing while in college it won't be on frivolous things, I would most likely spend it on tools/things for the future. + + + +Thank you for your time. I am young and an aspiring engineer so not the best at the whole words thing quite yet. +MSFT and ADP: blow out numbers, down 3-4% + +V: also blows out numbers, up 2.3% + +&#x200B; + +I view V and MSFT as long term div plays, future possible div champions. ADP is already at 44 years of div raises. Why do you think the market punishes some but not others for similar results? +28M and my 28F wife currently live in a home I bought last year in Nashville, Tennessee. We both work full-time. I make somewhere in the mid $100s (not including stock options). + +My current job is great. I have been here for 3 years and have an amazing boss, my coworkers are fun, it is very low-stress and I really enjoy what I do. + +Finances: + +Our debt is the $300k house we live in (~$1000 a month mortgage 30 year fixed) and a car (erm..$65k.. I know, stupid, $900 for 3 more years) and thatā€™s about it. We are maxing out our 401k, and HSA and have already maxed our Roth Iras, and Series-I bonds for the year. $15k in emergency fund, $40k in Robinhood trading options, and $10k in cash. Almost $200k in our combined 401k. Ignoring the really dumb quarter-life crisis car purchase, we both come from poverty and are VERY frugal ā€” donā€™t eat out, save pennies, no bars/clubs, grow our own vegetables..etc + + +Opportunity: + +My ex-boss messaged me because I have a very specific set of skills in the Data Science domain as well as a decent amount of leadership experience. He wants me to lead their NLP department of 15 people. + +The company is stable, but the job is in California and no remote possibility. Total comp is around $350k (base, RSU, bonus). + +Reasons for not wanting to take: + +My life is comfortable right now. The new job isnā€™t remote, and I would have to dress up for work every day. Traffic in the city. Having to sell my current home to buy a MUCH more expensive house or rent (about $2k-$3k a month). Going from a low stress to a high-stress work environment. Overall it seems like after accounting for taxes, cost of living, housing, etc, itā€™s going to end up being like what, a $50k raise I guess. + + +What would you do? Would you make the same choice as me and reject the job offer if you enjoy your current job? +Just got an email from Ally, they will reward you with 1% of the value of any deposit you make from an external account to an eligible Ally account as long as you sign up by 3/20/2020 and you leave the money in there until 6/30/2020. + +I don't have any external accounts with cash in them, but I did sign up because the FAQs did not specifically say that direct deposit is ineligible. So I will see what happens. + +Edit: Just want to clarify, the max eligible deposit is $25,000 so the max bonus is $250. +Some months ago I need a procedure and didn't want to wait for NHS after visiting my GP. + +Realised I had Bupa from work and was recommended to go with them. + +Called them, they said as long as it's a registered person, that is be fine. + +Visited a consultant who confirmed they were registered with Bupa. + +Had the procedure but paid directly out of my pocket. + +Month or so later I call Bupa to initiate a claim. + +All going well until they came to the address and they tell me that because the location of the procedure was not in a Bupa hospital they cannot process the claim. + +Had anyone had this before? Anything I can do to claim my money back from them? + +Edit: typo +I invested all my eBay profits for the last 10 years in GME stock. He would have said sell when it was up $20 a share. Wonā€™t he be amazed to learn he married a very smart lady? Anyone else going to be surprising a spouse that has no idea what is happening? Holding GME +Thank all of you for the comments and the awards. I will place them in the mantle. +I see Vanguard talked about a lot on this sub so I'll use their funds as an example. If you're someone who is in their early 20's then presumably you have a good 30-40 years before you are going to start drawing a pension. Looking at [these "target retirement" funds](https://www.vanguardinvestor.co.uk/what-we-offer/target-retirement-products) the default funds which Vanguard is marketing to your demographic contain 20% bonds. + +Why would someone who has several decades to go before retirement not go all in on equities instead? +I'm looking to invest Ā£15k-Ā£20k in making my house more efficient this coming summer ahead of next winter. + +I'm considering the following: + +* Triple Glazing; is it really worth it? I currently have double glazing but you can feel the cold around it on a windy day. I have 14 windows and 2 large sets of french doors so I think going triple glazing will consume most of my budget. +* Cavity wall insulation. This appears to be a very cheap way to insulate my house (4 bed detached), are there any downfalls. I asked EOn to provide me a quote 6 months ago but I never heard anything after that. +* Solar panels. I have an SE/NW facing apex which could accommodate a relatively large solar array on the SE facing side (no chimney to cause a shadow). I also have a large flat roofed double garage for a more efficient angled array if I get planning permission. +* Log burner for living room. This would only heat the one room but it'd save us using central heating in the evenings when we spend 95% of time in the living room. +* Ground source heat pump, this is an option as we have a large garden to say the fluid loop (wouldn't need a bore hole which I understand to be more expensive). + +Is there anything else I should consider and how far will my budget likely go? What the best bang for buck investment? +Any thoughts on this... + +I went to the ER in February, and ended up with a balance of approx $4k. + +I've had to chase the hospital to actually confirm the balance and pay. So I called their billing last week, got the balance, and said I'd like to pay it. + +The rep said; "Great, as you're paying in full, you get a 20% discount applied." + +Great, nice surprise and a few hundred dollars saved. The rep said I'll get a receipt which will initially show the remaining balance, but that'll be revised to a zero balance in a couple of days. + +Instead, today, I get a letter that says; "Your request for a financial assistance discount has been denied. You'll receive an invoice for the remaining balance." + +The money to pay in full is budgeted, but they're the ones who extended the discount offer, I never requested it. Is what the rep said binding on them in any way? + +This is in Texas. + +&#x200B; + +**Edit:** Thanks for all the feedback, much appreciated. I'll be calling them to clarify as soon as I get the bill with the outstanding balance. +Last night u/not_ya_wify had [posted this](https://www.reddit.com/r/Superstonk/comments/wbowsf/apparently_in_bern_switzerland_moass_has_already/) and instead of DM'ing everyone I wanted to make this post. + +I got in that website seems like you don't need an account for it, which is cool. + +[This is the link as seen in OOP picture](https://tradingdesk.finanzen.net/), but after you'd click on it you have to search for GME and you can click on US-DOLLAR INDIKATION + +[Then you get this watchlist](https://preview.redd.it/fy2vc3w6xoe91.png?width=1174&format=png&auto=webp&s=579571a3a093d4c3c29d1fce02209921d3a27e6c) + +Then you double click the Gamestop Corp DI and now you can see the GME chart .. kinda weird for a charting software, anyway. + +&#x200B; + +[you have to click on this US-DOLLAR INDIKATION .. my god is that a mouthful](https://preview.redd.it/135bnhjgxoe91.png?width=446&format=png&auto=webp&s=e728e824047b074c6b77e0435203eeb58ef02fac) + +&#x200B; + +[And then you choose BERN.. whatever that is I DON'T SPEAK THE LANG](https://preview.redd.it/wptd99boxoe91.png?width=258&format=png&auto=webp&s=e9dae06107d62f2ca722947614abc37b0a1652a0) + +And then you got this full expensive chart + +[DONE](https://preview.redd.it/7abdid6vxoe91.png?width=617&format=png&auto=webp&s=1da4c39b9fabb2df83465e96378df11f2e778e29) + +u/-einfachman- please check this post +As a new investor (22) whos trying to build out a portfolio is it smart to max out a TFSA with just dividends? There are a lot of stocks im looking at now such as: HR.UN, SRU.UN, REI,UN that im thinking of getting in on through my TFSA and let it sit there for years. I like the idea of passive income with decent growth, and use DRIP to reinvest in those stocks. With that being said I also want to invest in short term growth stocks that may be volatile, and risky to use through a TFSA since I could potentially lose contribution room. As someone who is just starting out is it smart to use TFSA for dividends and really long term plays, and maybe a non registered account for short term growth stocks? +https://www.cbc.ca/news/politics/commerce-department-doubles-softwood-tariffs-1.6036806 + +A move by the U.S. Commerce Department to increase preliminary tariffs on softwood lumber imports from Canada, if finalized, will raise producer costs and cut into their profits but is unlikely to affect prices to consumers of wood products, analysts say. + +The department's recommendation to more than double the "all others" preliminary countervailing and anti-dumping rate to 18.32 per cent from 8.99 per cent on Friday drew criticism from the Canadian government and industry and applause from the lumber industry south of the border. + +The increase is unlikely to result in higher lumber prices because they've more than doubled in the past year to all-time record highs, said Kevin Mason, managing director of ERA Forest Products Research. + +"Prices are supply-and-demand driven," he said. "(Tariffs) drive the cost up for producers but it's not going to affect prices." + +etc. +For those unfamiliar Schiller P/E ratio, but it's essentially inflation-adjusted the P/E ratio for all the companies in the S&P 500 for the past 10 years. Essentially it's a proxy for the overall P/E ratio for the US stock market as a whole. + +In the long term this ratio gravitates towards 15, in line with the old maxim that in the long term stocks should generally sell for 15x earnings. + +Right now, the ratio is at 36, which is the second highest it's been at for any sustained period ever (the data goes back 150 years). The only time it's been higher was just before the .com bubble burst in 1999, when it reached 44. Before that, the highest it had gone to was right before the stock market crash in 1929, when it reached 30. + +Handy chart here: https://www.multpl.com/shiller-pe + +My question is basically whether, in light of this, we're due for a crash (or correction). + +People may say the ratio is outdated, etc. and it's stupid to make predictions like this based on one chart, but its hard to get away from the fact that this one chart reflects the basic laws of financial gravity. The price of stocks has to bear some relationship to their earnings. + +A P/E of 36 implies a company's earnings provide a 2.7% annual inflation-adjusted return, which is pretty damn low. With interest rates being where they are maybe a lot of investors have no choice but to keep their money in stocks right now, but as bond interest rates rise, especially if central banks increase rates based on recent inflation fears, a lot of investors are going to see better returns with better risk/reward profiles from interest-bearing assets like bonds, meaning a lot of money is going to leave the stock market and go towards those assets. + +To put it another way, if there was a business that had made an average of $27k in profits (after inflation) per year for the past 10 years, would you pay $1 Million for it today? Probably not, right? You could probably do better putting that money in the bank and earning interest on it (maybe not at today's interest rates), and it would be safer to boot. Nonetheless, buying the business with $27k in profits for $1 million is basically what the market is doing right now. + +Basically, it looks like stocks are very, very overvalued right now, and what goes up must ultimately come down. We don't know when, and we don't know how fast, but the comedown itself seems like it has to happen. The only alternative is stocks selling for at an implied valuation way above their historical norm, and that makes little logical sense, indefinitely. + +Just curious for you guys thoughts on this. +Hey there! + +I'm newbie but recently took an interest in investing. + +These are the steps I am planning on following... + +1. Open a Questrade account (TFSA & RRSP). + +2. Put funds into TFSA and RRSP accounts. + +3. Using the funds in TFSA and RRSP accounts, invest in index ETFs (after researching what the best index ETFs are). + +4. Overtime, keep adding money into these investments from my income. + +5. Sit back and relax / set it and forget it. + +Is there more to it or is this the general approach people are mostly following? How much do I need to "know" before I should start taking action? + +Thanks in advance for any help! +https://www.newswire.ca/news-releases/a-amp-w-revenue-royalties-income-fund-announces-fourth-quarter-2018-results-832007142.html + +just released financials today. + +Same store sales up 12.3% qoq. Distributions to be increased 2.8%. + +IMO A&W has a thing going for them, targeting the millennial market very very well: Meatless burgers, female CEO, paper straws, non-gmo advertising etc. etc. + +can see it as a long term income stock +For [Couch Potato](https://canadiancouchpotato.com/) investors, attempting to time the market is sinful - but if you've got an automated ETF purchase happening at the same time each week, is there any gain to be made for setting that purchase to happen at a particular time? + +I was curious, so I did a little data-digging. Fair warning: the data I could gather was only for the past 60 days, so any conclusions are precarious at best. + +The first two graphs split the day into 15-minute buckets. For the first graph, the frequency on the left is the percentage of the time when the maximum value of the ETF for that day occurs in that time bucket. The second graph represents the frequency of the minimum value occurring in that time bucket. + +https://preview.redd.it/38ow7kvixr261.png?width=988&format=png&auto=webp&s=1f82b67a4303c8520a91b0fad275d21d751141c1 + +https://preview.redd.it/w8dqboyjxr261.png?width=985&format=png&auto=webp&s=d3d18f52c5cd58a838372e667403fd2c28fe0635 + +These next two graphs represent the same concept, but split by days of the week instead of time of day. 1 = Monday, 2 = Tuesday, etc. + +https://preview.redd.it/xtmcqavkxr261.png?width=973&format=png&auto=webp&s=3db5c2fb7e07e5354193e369fb234a01b3d05ae9 + +https://preview.redd.it/2qjo4hzlxr261.png?width=984&format=png&auto=webp&s=d997e3674c5f37775bfe500b788561c8780ebba8 + +So, a bit of a letdown here. Volatility is high at the open and close of the market each day, meaning that the prices are up to chance at that time. There is perhaps a marginal gain to be made by purchasing between 1 PM and 1:45 PM, and selling between 2 PM and 3 PM, but the data set is too small to say this with certainty. + +The evidence for investing or selling on a particular day of the week is similarly weak. Monday and Friday are the most volatile, and should be avoided. Thursday is perhaps a good day for buying, as troughs are more common than peaks. + +Perhaps more data will reveal some clearer trends, but in the meantime: does anyone know of a similar analysis that has been done elsewhere to optimize the timing of regular investments? + +[Source repository](https://github.com/alexanderhale/couchpotatotiming) +I am beginning research into the world of investment and I would like to invest in funds with medium risk tolerance (I am 32). As I understand, more stocks/bonds ratio could yield higher returns but has higher risk tolerance. There was a post here about a guy being happy with a particular fund (I think XGRO) and how that has given him peace of mind over trading stocks. I would love to know your opinions about the same. +Hello, + +If I got notice from my brokerage (from the investment company) that they are terminating the ETF, do I sell immediately? Or wait until the IM has sold all the investments and distribute the earnings from the sale of those assets? + +Thanks +My brother in law died recently. He leaves a family of his wife and three kids teen to early 20s, and was the sole breadwinner. They had a lot of money troubles, and he just cancelled his life insurance to save some money (I know, but it's too late now). The house is on an interest only mortgage with about 5 years left and no investment to pay off the principle. SIL is a SAHM for the last 20+ years and no marketable skills. + +Is there any financial advice for them, or for my wife and I who will need to support them through this? There are a lot of creditors and little to pay them with. Are there any resources to help them, or do I just need to plan partition walls in my living room to create some extra bedrooms? +This is just a light hearted more fun personal finance post... + +Say you have Ā£5,000 to invest, which you had to invest in a product or tangible item. + +It could be a bottle of whiskey, rolex watch, a relatively cheap car. Maybe a painting. Or perhaps a collectors edition video game unopened childrens toy. + +You maintain it in perfect mint condition for those 40 years in storage. + +What would you try your luck with to have a good return? + +This is influenced by watching antiques roadshow and some of the things that have done very well in value..! +My wife and I earn a high income and live in a HCOL area. We're fairly frugal, but our savings rate is roughly 58%. I made some amendments to my budget and I can nudge my SR up a couple of points but any more than that seems almost impossible. + +Just as a rough breakdown: +Gross salary: $100 +Deductions (taxes, health insurance, etc): $32.48 +Retirement (401k, HSA): $17.34 +Expenses: $27.91 +Net savings: $39.62 + +So my gross SR is 39.62%, but if I exclude taxes from the denominator it's about 58.67%. + +I'm curious how other folk increase their SR. +Hey guys. + +Long story short: I am $240000 in debt for my undergrad. I made some horrible decisions and choices, and am through trying to justify them and convincing myself that its not my fault. + +I completed a 5-Year Business degree at a university that is known only for their Engineering program. It is, more or less, renowned for being one of the most expensive schools at the worst value. I paid book price for it. + +I graduated 2 years ago and bounced around jobs ever since. I landed in a government agency with little-to-no upward mobility. I am still seeking a higher paying job with the fleeting hope that some day I may be able to pay this thing off. + +90%+ of this debt is privately held, and co-signed by my parents. All of my deferment has expired, and none are eligible for income based repayment. I have made only a couple "good faith payments" at the request of my mother. It is all in default, and I ignore 15+ collection calls per day. I + +I'd rather this not become a conversation about my horrible choices to accrue this debt, but a discussion to perhaps resolve the situation. I have posted this several times in other subreddits seeking the latter, but only got the former. + + +I have $10k cash sitting around and I want to invest or put it somewhere so its doing something if you know what I mean. I want access to it whenever I need/want it so i dont want it locked up in an account. What do you think? Thanks! + +Edit: wow, Wasnā€™t expecting all the advice. I really appreciate it guys. +My 2001 Holden Commodore has officially passed away. I am devastated looking at car prices for both new and used in Australia during this time. My wife drives a nice 2018 Holden Astra. We paid $12,000 for it around 12 months ago. We discussed trying to make 1 car work but with our schedules, and me working out of town it would be very challenging. I understand that these expenses are an absolute necessity, but my thought process on cars is the whole "just an A to B mobile". + +I was wondering if anyone had any tips, tricks or ideologies to assist me in purchasing a 2nd vehicle? +[https://www.abc.net.au/radionational/programs/backgroundbriefing/meet-the-debt-monster/12438850?fbclid=IwAR3Dt7IYd3oBVoUA24FMLOWHoBCPIRAa7I8yIhOvIY9DColDzaoJzCgIQTg](https://www.abc.net.au/radionational/programs/backgroundbriefing/meet-the-debt-monster/12438850?fbclid=IwAR3Dt7IYd3oBVoUA24FMLOWHoBCPIRAa7I8yIhOvIY9DColDzaoJzCgIQTg) +I'm reading this Grattan Institute report "Stopping the death spiral" on private health insurance ([link](https://grattan.edu.au/wp-content/uploads/2021/05/Stopping-the-Death-Spiral-Grattan-Report.pdf)), and it describes the death spiral in some detail. + +Spiral being: increased services due to ageing population -> more payments -> more premiums -> young leave -> premiums rise -> repeat. + +But if this were true, then wouldn't private health services (i.e. surgeries, etc) be in danger too? Isn't the market for private health services linked to the health insurance market which shares the cost among policyholders? + +That is, if private health insurance is on a "death spiral", then wouldn't the private medical service market also be? +--UPDATES WILL BE MADE ON MY PERSONAL REDDIT, AS TO NOT SPAM THE SUB-- + +As the title says. + +This is the current version (still updating massively): [https://imgur.com/a/YyN99vx](https://imgur.com/a/YyN99vx) + +But before I continue i would like some advice, what would you like to see? What do you consider important. All the terms and ratios currently selected is what i consider important. the cells will ColorCode red/green/blue/orange when excel autmaticallt detects an interesting value. + +You have to manually edit the income statement, balance sheet and cash flow. All the other numbers are generated automatically. + +The company that is currently being used is Lennox International. +Step 1) When everyone on wsb says to buy puts before Tesla earnings, go all in on calls + +Step 2) When everyone on wsb says to buy calls before a Tesla product reveal, go all in on puts + +Step 3) thats literally all there is too it + +https://imgur.com/xqUkwmh +My last post was well received, so I figured I would follow it up with something that puts me on the other side of the conversation. + +One VERY important thing to remember as a direct report is that your boss, as mighty and powerful as they may seem to be (/s), also reports to someone else (again, unless you are a VP or work in a small enough company, in which case most of this advice is moot because your workplace dynamics are completely different). + +As such, they have some of the same concerns about life than you have: they probably don't feel like they are adequately compensated, they probably also feel like there's other people making more money than they should, and they also probably have looked around from time to time to get an idea of what their market value is. They are human beings, and this is an important thing to keep in mind, because it can help you better position yourself for promotions/raises. + +Please note that I am explicitly using the word "positioning" rather than "negotiating" a raise, and the difference is very important. + +In order to negotiate a raise, you need to have taken multiple steps to put yourself in the right position. You could have done a fantastic job for the last 2 years, but if you don't position yourself correctly, it won't matter from the perspective of getting a promotion or raise. + +So, how do you position yourself? + +The shortest version of this, to me, is the following: + +***When your boss has to go make the pitch that you deserve a raise, you need to arm him with the best ammo possible to accomplish that*** + +Here's the thing: your boss wanting to get you a raise is nothing but step 0 in getting a raise. Clearly if your boss doesn't want to give you one, you're not going to get one. But just because she wants to give you a raise, it does not mean that she will be able to get you one. And that is where **you** need to ensure that your boss will not only want to give you a raise, but also have enough evidence that you deserve. + +Think about it as a detective bringing a case to a DA: even if you both know that someone committed a crime, a DA is not going to file charges unless they know they can win the case. As a detective, your job is to bring in enough evidence to convince the DA that they can go win the case. As an employee, your job is to bring your boss enough evidence that they can go get you a raise. + +Let's break the process down: + +***1. Gathering evidence*** + +So what is that evidence? + +I could list a lot of things, but there is only one surefire way of knowing + +> The evidence that you need is whatever your boss thinks they need to make the argument + +I know it's circular and it sounds dumb, but it's true. The only way to make consistent, no regrets moves towards being perceived as someone who deserves a raise is to be completely aligned with your boss as to what you need to be doing, and what is the standard for doing those things well. + +Forget about job descriptions, forget about what Jim is working on, forget about what your skillset is or isn't; at the end of the day, your boss has their own internal barometer for what your performance is, and your job is to understand what that is, *and then kick ass at it* + +How do you figure that out? If your boss is managing correctly, you should have plenty of opportunities to ask. During 1-1 meetings, during performance reviews, during project updates, when you send deliverables, etc. These are all opportunities for you to ask "is that what you wanted? how could I have made it better? Is there something that I am not doing that you would like me to take care of? How can I help you?". + +If your boss is not currently giving your those avenues, then you'll need to manage up, i.e., you will need to establish avenues of communication between you and your boss where you can ask those questions. They don't have to be formal, but at the end of the day you need to get to the same questions, and answers. + +***2. Setting the expectation for your boss*** + +This is also going to sound really dumb, but it needs to be said: + +***You need to make sure that your boss is aware that you are looking for a raise WELL before you expect that raise to actually materialize*** + +You don't show up on Monday to tell your boss that you expect a raise by Friday. You show up in January and ask your boss whether or not you are in line to get a raise in May, and you touch base every month along the way to make sure you are still on track. + +There are three reasons for this: + +Firstly, if your boss doesn't hear from you that you are expecting a raise, they may assume that you are happy with what you are making. I know, I know... your boss should know that you are important and that you obviously deserve and want more money! The problem is that your boss may have other things in his mind, and worrying about your salary can very easily slip to the back of his mind unless he's reminded of it. The only surefire way of telling your boss you want to raise is to tell her! +Of course, this is not going to be a conversation of the "I demand a raise" type. Since you're doing this early, you can set the expectation simply by asking something to the effect of "I would like to know what areas I need to improve on in order to be considered for a raise in May". Something that puts responsibility on you, but ultimately plants the seed in their mind that you are interested in more money. + +Secondly, deciding to give someone a raise is a process. It's not an overnight thing. You don't wake up one day and tell yourself "today is the day that Bob earned that raise". Odds are you start thinking about whether or not they deserve a raise first, and then spend several months evaluating the magnitude of the raise, and you wait until that is meaningful enough to make a push to senior management about it. + +Thirdly, it takes time to get a raise approved. In most companies there is enough red tape that multiple approvals are going to be needed to get there. So, give your boss time. + +***3. Timing the ask correctly*** + +As I discussed last time, promotions and raises are easiest to give during annual performance evaluations, because that is the time where the whole company is focused on evaluating compensation. You are likely going to get some level of raise (cost of living increase), but it's much easier to influence that number than it is to ask for an off-schedule raise. + +Besides that, if you did steps 1 and 2 correctly, asking for a raise shouldn't be a big challenge: you have set the expectation with your boss ahead of time, you have ensured that you are doing great at your job along the expectations that your boss set. + +Of course, you may run into a situation where your boss just can't give you a raise, because of either budgets, politics, etc. My advice: don't panic, stay calm, don't get angry. + +However, make sure you communicate that you are disappointed. In an ideal world, what you want to get out of your boss is "yes, you did great, you deserve a raise, but I can't get you one **right now**". + +Because the key is that they may not be able to do it right now, but things always change. The best thing you can do for yourself at that point is to maintain your positioning, i.e., remain being seen as a person that deserves a raise so that when the opportunity does come (and it will), you are at the top of the list. + +For those who work in places that haven't given you a raise in 3 years even though you are acing your performance reviews: Leave. + +If your boss won't be transparent and help you understand what you need to do better to get a raise: Leave. + +If your boss recognizes that you did an amazing job but doesn't believe you should be rewarded with a raise (even though they could get you one if they wanted to): Leave. + +If your skillset is such that you will never be able to meet the standards that your boss has set: Leave. + +If you inherently disagree with what your boss sees as good (for example, being manipulative to achieve results, being unethical to get sales, etc.): Leave. +&#x200B; + +[Data from the latest 8-K filing today...](https://preview.redd.it/7ly4zmmm8h391.png?width=607&format=png&auto=webp&s=ac0b9d43ce7919850d72960cf8750e9b4991f0bf) + +&#x200B; + +Now... just doing some quick math in Excel so I don't move a decimal place or something (because I ***\*\*am\*\**** dumb money, after all. I may not know how to do basic math!!) + +&#x200B; + +[My scribbles...](https://preview.redd.it/3doqkqnu8h391.png?width=1058&format=png&auto=webp&s=b73dbf6ace9ebf18c4caa83e5bf097897b05a4a4) + +&#x200B; + +In short. even if we're wrong... we're not wrong. They're in a catch-22! + +&#x200B; + +# UPDATE: + +I posted this AS QUICKLY as I could after seeing the 8-K because I had somewhere to be tonight and wanted to get my thoughts on paper. I've since had time to really chew on this and I want to address some of the notes that u/HiReturns brought up. I will note that he/she frequently tries to badger r/Superstonk users with his/her version of reality because it diverges from the DD we've dug up and correlates with media messages. We are often "misled" and "uninformed." Okay... well.. let's get informed. + +I'm not even mad. I appreciate being challenged... + +&#x200B; + +https://preview.redd.it/7lc5icrkqi391.png?width=311&format=png&auto=webp&s=ba653edfc061c9834e4667dd59f2db9ec6e9f4a5 + +***Critique #1:*** *But institutions CAN vote, therefore your numbers are wrong.* + +***Answer:*** Yes. And according to ProxyPulse (corporation that monitors such things), over 90% of them DO vote their shares. So, hat's off to that thought. BUT..... don't count your "I told you so"s yet... + +***My response:*** *Individual investors can also vote their shares but RARELY ever do... and I'm considering that these things generically offset each other.* + +***Deeper answer:*** According to that same company, retail only votes shares at 28% of their average holdings. Or, stated inversely -- they DON'T vote 72% of their shares. + +So... more back-of-the-napkin time. I said that Institutional holdings (that DO vote) are roughly offset in my head by individuals that DON'T vote... so to me, it's a wash. Let's see if that holds water according to the math (again, historical average, etc.. etc.. etc..) + +76,000,000 Shares in Existence. (Check) + +21,508,000 Institutional Holding (check) ... And of that, historically only vote 90% -- 19,357,200. + +12,129,600 are held by Insiders (check)... and of that, historically vote 100% of their shares. + +That leaves: + +42,362,400 that are held by "retail". This is in various plans, processes and places. But of those, only 28% (on average) vote their shares. That leaves 72% that ***don't*** get voted. + +***BIG HAIRY NOTE: THIS IS NOT A NON-VOTE!*** If so, then voting wouldn't be an average of right at 50% (again... ProxyPulse documents.) If we included 90% of institution, 100% of insider and 100% of retail non-votes as the BROKER NON VOTE, then the vote average would always be well into the 90% range. It isn't. Even today's numbers are only 75% of shares in existence. Therefore, I think it's safe to say (even though they don't say it outright) that the 72% that don't vote DON'T get counted in the non-vote numbers. + +SO, where does that leave us? + +42,326,400 Retail shares left UNVOTED at a previous rate of 72% -- 30,500,928 -- 1.5x what institutions voted, which ***more than*** offsets it. Let's just call it an even wash... again, not a doctoral thesis, right? + +# So, I think my napkin-math still holds at least enough weight to be considered. + +Updated graphic for clarity in my thoughts... + +https://preview.redd.it/bwptr9rlbj391.png?width=920&format=png&auto=webp&s=ee65b95bb62e963699896043643321cf0f5934c4 + +And that doesn't even take into account the fact that we've already noted that ***A VAST MAJORITY*** of naked shorts are being hidden by swaps and other derivatives, as CNBC put it with the implosion of Archegos "... used these swaps and derivatives so that they didn't have to report their short positions." Not only is it possible for them to do so as noted by Archegos, but we see the breadcrumbs of it in other areas. + +# Bonus material.... + +But wait... how many retail DID vote in this? If I've done this much digging.... what's the REAL number? Can we tell?? + +We know it's more than usual!!! (As noted in the updated graphic... GME fans are rabid!) We know there were 12.7-million directly registered (GME Official Documents), but we don't know the true count. However, we can do some more extrapolating... + +If institutional holdings voted ***even*** 100% of their shares: 21,508,000 + +And Insiders voted 100% of THEIR shares: 12,129,600 + +Then all other votes would be retail... 57,025,477 - 21,508,000 - 12,129,600 = 23,387,877 + +**RETAIL VOTED 30.77% OF ALL SHARES IN EXISTENCE!!** + +# That means retail OWNS (at minimum) 30.77% of all shares in existence... + +...even though only 16.71% were DRS registered at ComputerShare. Shit on all of my previous ranting. I don't care.... this is the actual take-away from all of these numbers. If everyone who voted ALSO DRS'd their shares, we could be at 30% DRS'd by the end of next week!!! (I know... not everyone can... but ... \*\*IF THEY COULD\*\*). + +And this doesn't take into account "OVER VOTING ADJUSTMENTS". They can't legally show more than 100% vote, so they have to go through hoops if it is overvoted. Was this over-voted? I do not know and they did not say... but even if it wasn't... 30.77%!!!!. And if it ***WAS***, then this number is proportionally higher! + +&#x200B; + +POWER TO THE PLAYERS, INDEED, Mr. Cohen! +Alright, so this is going to sound dumb, and probably is dumb, but I thought I'd ask anyway. + +Say I've got $1000 to blow and I'm already investing in the bigger coins, why not take a chance and put $2 into 500 random altcoins that no ones talking about? + +The reason I ask is because $2 in a certain meme coin about a year ago would have netted the person a million dollars today, or so I've read, who's to say there isn't another coin that no one's talking about that could net a similar return in a years time? + +I'm the kinda guy that plays it safe by the way, DCA and hodl has always been my strategy but this kinda peaked my curiosity... + +EDIT: Alright, so I was expecting this post to get downvoted with a handful of replies telling me how dumb I was but in less than 24 hours I've gotten 600+ replies! With some encouraging me to do it... I haven't gone through all the replies yet but have seen some good points on both sides so far, I'll go through all the replies in the coming days then make a decision on this. + +I'll update this post in a few days. + +EDIT 2: So after reading so many (!) of the replies in this thread and seeing both sides of the argument, I've decided not to go ahead with this, thanks to everyone who replied I've seen alot of good and interesting points made from both sides, perhaps I'll revisit this idea in the future, who knows. + +Peace āœŒļø +TL,DR: Roommate's bank filed a dispute with CashApp and large amounts of money are being withdrawn from my account. +One of my roommates banks apparently thinks that CashApp is stealing money from him, so rent that was paid upwards of 4 months ago is randomly being withdrawn from my account. As a college student, I do not have the equity to protect against against overdraft fees in this situation, so if this happens again, I could be pretty well fucked over. I guess CashApp reserves the right to withdraw any payments to you account if the sending bank files a dispute. The roommate is paying me back, but these things take time. +Why? Trump and his cronies are already preparing to legalize marijuana federally right before the election. He wants to do it now, but is being required to wait by his advisors. It's pretty much a fact that is if its legalized, his approval ratings will soar(if he takes sole credit.) +If you doubt this theory, do your DD, and you will see the writing on the wall. +I recieved this info from a friend of a friend of a aide in the White House, and researched it myself. +The shoe-in for AG is a shoe-in, because Trump knows he wont impede Trump's marijuana legalization plan. + +EDIT: corrected Shoe-in grammatical error. + +Also, thanks for the engagement everyone, I will try to read through it all after the fireworks have finished. +Happy Independence Day to everyone too! +You guys upvoted this post onto Reddit's front page today....I never intended it to get this big. The beauty of the internet. + +Carry on fellow autists!!! +There's all this talk of a squeeze and when it'll happen and mapping out the charts. Here's what all the OGs know and why we're all so Zen we can't be bothered to spend time here anymore. We've all done our research. The reason everyone is dumping their life savings in and selling cars and houses isn't because of a squeeze. If that was the case, people would only be putting in what they could afford to lose. Correctly. + +Due to a fairly absurd set of circumstances, GME is basically a public start up, pivoting into the greatest technological revolution since the internet. It's also doing this pivot while staying perfectly aligned with what the company was built to do. Delight gamers. This aligning of the stars creates this perfect situation. It's basically a fantasy investment. In a few years, GME WILL be worth thousands. So any money you throw in now, is likely to multiply in the long run. As close to guaranteed as you can get imo. + +I invest in GameStop because I believe in the company. I mean even my most pessimistic evaluation is so far above it's current all time highs. It's just such a no brainer. Not because of how high it will go but because of how high its potential low is. That's why that 1+ Billion in the bank is so important. No matter what happens to the stock price, GME has the money to transform. Even if every diamond handed ape sold every share they had. GME could just buy every publicly traded share before they were delisted, and STILL have plenty in the bank to continue the transformation. + +Which means the price is in every sense of the word, completely, totally, and utterly, irrelevant. I don't need to trust any of you. This is a slam-dunk, home-run, checkmate of an investment for me. + +Anything and everything else is just the cherry on this delicious sundae. +This is my first post here so take it easy on me. As a newbie investor trying to learn about the market, i was searching for articles about crypto to ensure i get to know basic fundamentals in depth. I came up to \*\*this article from Coinbase which said some very interesting and important things to understand the propaganda against crypto by the goverments! + +To sum up so you dont have to read this.. Each year money laundering, drug trafficking etc. account for less and less of cryptocurrencies transactions (lower than half percent in 2020) while the "innocent" cash is used for an extremely larger amount of illicit activities. + +You hear people with power like Christine Lagarde come out and say stuff like that and it makes you angry at first place. But if you sit down and rethink, this is good for us long term. They try to dispute us with all they can, most of the times with unbelievably ignorant means which makes them look even more stupid and helpless against crypto. This is just a reminder that we are here to stay and as much as they fight us, we will come back stronger than ever. + +\*\*Edit : I have trouble with the link so i put it in a comment below but i don't know how to pin it so it's visible if someone could do it it would be awesome, thanks!! +She gave us an assignment with the **following questions:** + +&#x200B; + +* What is the statement and the positions of the international organizations to cryptocurrencies? +* What about national governments and financial institutions? +* How can the development be evaluated?ā€¢can you find one use-case for crypto that makes or world a better place for all? +* Can you find one use-case for blockchain technology that makes or world a better place for all? +* Share examplesĀ Ā best case- worst caseĀ  + + +**May the force be with you !** + +&#x200B; + +I thought to myself, where else could I find expertise if not here in this subforum. If you feel like it or are bored, you can leave your opinion. +ā€¢ It has presented itself as a way to make huge profits quickly but I believe itā€™s just a way to attract as many people as possible. To outsiders, this looks like a cult, naive and short sighted. + +ā€œIā€™ve seen this beforeā€ many say. + +But they havenā€™t. Itā€™s not 1999, itā€™s 1929. + +ā€¢ Every major revolution comes once in a generation. No one fully lives through two, which is why they repeat themselves. Over and over. Approximately every 80-90 years. (ā€œThe Fourth Turningā€) + +ā€¢ I donā€™t know what will happen with Bitcoin price or any crypto for that matter but I do know this - there is something brewing with geopolitics, with the economy, with inequality and with how things currently are. Travel around the world - you feel it + +ā€¢ This is why I urge everyone I know to buy some crypto, mostly Bitcoin, because it is a hedge against that macro force. The price will go up and down. Maybe it pops then comes back. But that wonā€™t matter in 10 years - the seeds have been planted. + +ā€¢ Beyond the profits and the daily dopamine rush, this is infinitely bigger than people think - not because people will spend Bitcoin on groceries but because of what it represents - freedom from the system. + +Only when we look back will we realize what it is we were a part of. + +- [Carter Thomas](https://mobile.twitter.com/carterthomas/status/942939519942193157) +Recently the FBI released a warning about ongoing attacks regarding crypto to owners and exchanges alike and these attacks are only increasing. As does the use of ransomware and newly discovered 0 day exploits + +[https://www.bleepingcomputer.com/news/security/fbi-warns-cryptocurrency-owners-exchanges-of-ongoing-attacks/](https://www.bleepingcomputer.com/news/security/fbi-warns-cryptocurrency-owners-exchanges-of-ongoing-attacks/) + +With that I figured it would be a good time to repost my security guide to minimize the chances for everyone here to be the next victim :) + +Background: I currently work for a fortune 100 company's Computer Security Incident Response Team, I work specifically on detect and response which includes business email compromises, responding to phishing emails and malware within the organization, while documenting the process. + +**Email:** + +* Email Providers + * Any reputable email provider with 2FA will do + * If you want to get more into privacy and encrypting emails there is [Protonmail](https://protonmail.com/) or [Preveil](https://www.preveil.com/) + * You can alternatively also hook up your current email with the [Thunderbird](https://www.thunderbird.net/en-US/) email client (use to be managed by Mozilla Firefox) it is overseen by a volunteer board of contributors. +* 2FA - This is important, activating 2FA on your email is just as important as having it on exchanges. (Will cover more on 2FA further down) +* Create an email specifically for Crypto, but also avoid using crypto keywords / personal information in the email, treat your email address like its public information. +* Be on the lookout for Phishing emails, I made a post on how to identify phishing emails along with some useful tools here | [How to spot a phishing email](https://www.reddit.com/r/CryptoCurrency/comments/n0j8l0/tips_and_tricks_from_my_line_of_work_on_how_to/?utm_source=share&utm_medium=web2x&context=3) | + * **Quick tips for emails:** + * Don't trust email links + * Double check the address bar of login pages + * Know the [levels of a domain](https://hover.blog/whats-a-domain-name-subdomain-top-level-domain/) + * Check to see if your crypto sites allow a anti-phish banner that displays a code with their emails that you set. +* [Tracking pixels](https://www.nutshell.com/blog/email-tracking-pixels-101-how-do-tracking-pixels-work/) are also a thing, there not malicious in themselves, but they can potentially let attackers know if you have open an email / let them know the email exist and is active. +* Furthermore You can check [haveibeenpwned](https://haveibeenpwned.com/) to see what data breaches your email has been apart of - If your email shows up and passwords are listed on the data that was compromised, ASSUME the worse and change the password and never use it again, along with any other accounts that use that password. + +**Passwords / PINs:** + +* Don't reuse them EVER +* Use strong secure passwords, passwords managers make these easy to manage and generate passwords. +* **This includes your phone and 2FA app**, if you have a weak pin (1234) for your phone and someone takes it, remember your 2FA app is then available (if same pin, or no pin/pass set), your email is automatically signed in (same for other accounts auto signed-in), and they can access your text messages. +* Don't use words relating to crypto or personal information in your passwords (or email), if they are compromised in a breach, assume they will search for these terms to target crypto users and try the same combo against crypto sites or figure who you based on the information (email & password) and pivot to finding public information that could lead to them answering challenge questions for password resets. (Your first pet, is it posted on Facebook? How about your car? Your first girlfriend/boyfriend?) +* Password Managers: These work wonders when managing passwords securely. They generate random strong passwords which can be adjusted, and its all kept in an encrypted database file, so even if a attacker gets access to it, they won't be able to access it without the password. + * Password Managers trusted by the community: + * [KeePass](https://keepass.info/) + * [BitWarden](https://bitwarden.com/) + * [LastPass](https://www.lastpass.com/) + * [1Password](https://1password.com/) +* Don't save passwords in your browser + * Does it require verification for you to use the password? Also I tend to find extensions being more buggy as they have to interact with more 'moving' parts and changing configurations, and generally more people try to target and exploit browsers. + +**2 Factor Authentications (2FA):** + +* Enable on everything possible (Email, Exchanges, Banks, Robinhood, even Reddit to protect your moons) +* Use 2FA Apps instead of SMS whenever possible, [SIM Swap](https://www.consumer.ftc.gov/blog/2019/10/sim-swap-scams-how-protect-yourself) attacks are real, and more common than you think. + * 2FA Apps + * [Authy](https://authy.com/) (Linux | Windows | macOS | Iphone | Android) + * [Google Authenticator](https://support.google.com/accounts/answer/1066447) (iOS | Android) + * [Microsoft Authenticator](https://www.microsoft.com/en-us/account/authenticator) ( iOS | Android) + * [LastPass Authenticator](https://www.lastpass.com/how-lastpass-works) (Browser Extension | iOS | Android | Windows Phone) +* Hardware Keys + * These are [physical 2FA device](https://www.techradar.com/best/best-security-key) (I chose this list as I think it does a good job explaining them with pros and cons, I did NOT vet the sellers that are listed on the amazon links. Always research and buy from a reliable source) +* Backup codes: + * When you activate 2FA on any account you should have the ability to generate backup codes, these are used incase you lose access to your authenticator, TREAT these like your seed phrases. Use them by logging in with your user and pass, and use these backup codes in place of the 2FA code you usually enter. +* DO NOT take pictures of your QR codes, if you screenshot it, might end up syncing somewhere you don't want it to and if it ever gets compromised they have the ability to continually receive your 2FA code. +* Also, DO NOT sign up for your 2FA app or any crypto service for that matter using your work or school email address. You lose access to that email, then consider all accounts gone as you won't be able to access the codes if you switch devices. + +**Wallets** + +* Learn the difference between the different wallets, I think this [article](https://coinmarketcap.com/alexandria/article/hot-wallets-vs-cold-wallets-whats-the-difference) is REALLY good at going in depth about the differences and pros vs cons of them at a beginner level. +* Cold wallets will always be more secure than any hot wallets as they aren't connected to the internet + * Top trusted hardware wallets from the community: + * Ledger + * Trezor +* Verify the details you are confirming on your hardware wallet device. the wallet app interacting with your cold wallet device could be compromised, but you would still be safe using it, as long as you verify each action on the cold wallet device, and reject the transaction if anything seems off. (Thanks keeri) + +**Seed Phrases: Treat these as they are the keys to the kingdom (Keep offline and out of your notes app)** + +Less Secure: + +* Write down on paper and either break up the phrase and place in separate secure locations or hide them like the the FBI is going to come search your house +* Secure on USB + +1. Get a [file shredder](https://fileshredder.org/) (securely deletes data, and overwrites it) +2. Download password manager (optional) +3. Disconnect device from internet +4. Enter seed phrase into password manager / create encrypted file +5. Put on a freshly reformatted USB / datalocker (Worms like to spread by USB) +6. Save to USB, and shred the original using the file shredder software +7. Hide USB + +* Another device / old phone + +1. Factory reset +2. Set Pin / Pass +3. Download 2FA app and password manager / file encryption tool +4. Disconnect from internet FOR GOOD (Treat this like a cold wallet) +5. Back up 2FA and seed phrases +6. Hide device + +More secure (more expensive): + +* [BlockPlate](https://www.blockplate.com/pages/getting-started-blockplate) +* [CryptoSteel](https://cryptosteel.com/how-it-works/?v=7516fd43adaa) +* Have a copy saved in a safety deposit box / split between two banks. + +NOTE: Each method is going to its pros and cons: Getting robbed, fading ink, the elements, data retention (USB \~10 years), ever being on a digital machine. Pick which ones benefits you the most, and correlates with your budget and what your willing to risk. + +**VPNs / TOR:** + +* Privacy vs Anonymity + * Privacy is the ability to keep your data and information about yourself exclusive to you (They know who you are, but not what you do). + * Anonymity is about hiding and concealing your identity, but not your actions. (They know what you do, but not who you are) + * Think about what your goal is, I commonly associate privacy with VPN and anonymity with TOR + + * Both encrypt your data before leaving your device, then routes it through proxy servers to mask your IP/Location. VPNs you have to trust the provider (ensure they state there is a no log policy) while TOR runs through servers ran by volunteers (don't think governments don't run their own) and lets you access the dark web. [Here is a more in-depth comparison on VPN vs TOR](https://www.comparitech.com/blog/vpn-privacy/tor-vs-vpn/). + * Personally Its worth paying the few bucks a month for a paid tier of the VPN service. +* VPN Providers - Zero log VPN services: + * [ProtonVPN](https://protonvpn.com/) + * [Nord](https://nordvpn.com/) + * [Mullvad](https://mullvad.net/en/) +* TOR + * Brave offers TOR, but I would treat this more like a VPN + * If being anonymous is your goal the only real way to achieve this is running [Tails off a USB](https://tails.boum.org/). + +**NOTE:** Some exchanges and websites blacklist IP ranges associated with VPN and most commonly TOR for security reasons. Some people on this community stated that this can lead to them freezing your account. + +**Browsers (Excluding TOR):** + +* Top 3 Browsers built for privacy + * Firefox + * Epic + * Brave (I know Brave draws criticism but I made a technical [post](https://www.reddit.com/r/CryptoCurrency/comments/mzbfrd/security_analyst_here_again_on_why_its_important/) showing how the trackers didn't show up within the metamask extension through brave compared to Google Chrome.) + * [Learn to harden your browser to make it even more secure](https://us-cert.cisa.gov/publications/securing-your-web-browser) +* Search Engine for privacy: DuckDuckGo +* Extensions + * One of the most dangerous threats I think that aren't taken seriously are extensions. These can start out legitimate, then through an update turn malicious. These will then be removed from the webstore, but not your browser. + * Some will be removed the store due to not being supported anymore which = no more updates, and no more updates = vulnerabilities that won't be fixed + * If you have Google Sync activated, these extensions will also sync to all those devices + * Remove any extensions you don't need, check to see there still available on the store, and even search them to see if some security [article like this pops up](https://duo.com/labs/research/crxcavator-malvertising-2020) about it. + * Check the privacy practice tab of the extension to see what data it collects. + +**Checking and verifying hashes of a download:** + +Hashes are the fingerprint of a file, even if you change the name of the file the hash will be the same. This is similar to how wallets work, its a string of characters and numbers, yet represents data (aka your holdings) + +* How to get hash: + * Go to the search bar in windows and enter ā€˜cmdā€™ this should bring up the command prompt (open terminal on Linux / MAC) + * type ā€œCertutil -hashfile Desktop\\example.txt sha256ā€ for windows + * type "Sha256sum Desktop\\example.txt" for Linux + * type ā€œshasum -a 256 Desktop\\example.txtā€ for MAC + * (Remove quotes, and replace 'Desktop\\example.txt" with the path to the file you want to check) +* this should give you the sha256 hash you can copy and paste into [VirusTotal](https://www.virustotal.com/gui/file/72714927de74b97c524c5fa8bc1a0dec83f038dbbed80b93b5e6280ca1317f41/detection) to check to see if its known as malicious by many security vendors. Here is the hash and VirusTotal link for the shredder download I previously mentioned in the seed back up step. [72714927de74b97c524c5fa8bc1a0dec83f038dbbed80b93b5e6280ca1317f41/detection](https://www.virustotal.com/gui/file/72714927de74b97c524c5fa8bc1a0dec83f038dbbed80b93b5e6280ca1317f41/detection) + +**NOTE:** You can also just submit the file to VirusTotal, but if it potentially contains personal information, it will upload the file and allow other people to download it, searching the hash will not do this. + +**Other General Safety Tips:** + +* [Harden your PC](https://www.securicy.com/blog/security-best-practices-hardening-windows-10/) (Guide is for Windows 10, but can translate to other OS) + * Update OS and any software // turn on automatic updates - Everything you download is an attack vector + * Set firewall rules - Default deny, open only p855orts you need, disable rules you don't need + * disable remote access + * Install AV // Malwarebytes for removing malware + * Turn on encryption + * Setup user accounts // privileges' + * Strong password +* Whitelist addresses if possible (Some exchanges allow you to designate a address as 'safe' any other transactions besides those won't go through) +* If you use a encrypted messaging service, I highly recommend [Signal](https://www.signal.org/), if you haven't seen their [reply regarding a subpoena](https://signal.org/bigbrother/central-california-grand-jury/) you should +* Lock down your social media accounts (go to security settings, turn off being able to be found via search engine, ad related settings, change who can view your posts, etc) +* Don't disclose your holdings and earnings +* Don't access your crypto on your work computer +* Don't answer PMs about winning some contest or some amazing opportunity + +**Phone:** + +Many users asked about security regarding people who mainly use their phones. Many of these tips can translate to phones as well, but here's a quick rundown. + +* Unique pin / password for the phone +* download a password manager +* email account purely for crypto +* pin / password (different than getting into your phone) for your 2FA app. +* Don't lend phone out +* Avoid apps you don't need, read the 3 star reviews as they are the most honest) +* Download VPN / be aware of the wifi your connecting to +* Be aware of phishing +* Call your service provider and see if they can lock your SIM card and prevent SIM swapping. + +NOTE: These are still just suggestions, these are methods that balance security and usability. One could use 2 password managers and split a password between both, but that would compromise usability / ease of use. +if so, can you list the names of the person? + +I'm looking for ways similar to what Nathan Rothschild did back in England after Waterloo. He started selling his shares/bonds/consoles and everybody else started following him, so the price plummeted. Then afterwards, he picked them up very cheaply. + +Has he been the only person to manipulate the market like that? +Bitcoin turned out to be an effective way for me to end my employment....hopefully forever. I began investing in Bitcoin in late 2014 after a dear friend shared a post about his experience buying Bitcoin on Google+. I had heard of it twice before that, but didn't enter the game. + +After he posted, an angel showed up in the comments....presumably one of the early successful investors. He offered anyone willing to participate a little donation, if they jumped through the hoops of getting a wallet and providing an address. He also happily answered some of our questions. I took the bait. + +It wasn't long before I felt the power of crypto and was unsatisfied with my donation level investment. I remember commenting in the post, I am going to experiment with $100...which makes me LOL today. Soon enough, I started schemin. $100 turned into $300, and $300 into over a $1000 by the end of 2014. Hooked I was, like any drug will do. + +Early 2015 saw me turn to raising funding through family/friends and creating a excel sheet to start keeping tabs. "There is this thing, you won't/can't understand, so you will just have to trust me," I said. Several more fish on the line, and more bank. I started sending out a weekly newsletter to keep these folks abreast of the ongoing sentiment and fund performance. + +Ofc, Jan. 15th came while I was sleeping, and it hurt a little. Not because the price fell, but because it capitulated and I was unable to fully appreciate it (I was full blown injecting the stuff already). + +Nonetheless, I started thinking a little more like a real investor, although I didn't believe in HODL. I still don't. I created this post. + +https://www.reddit.com/r/Bitcoin/comments/2sa1kt/if_there_are_even_1000_people_like_me/ (Fuck Uphold btw) + +I stuck to the plan and invested between 2-4% of every paycheck throughout 2015 and early 16. I also started taking a look at the next door neighbors, taking some elevated risks margin trading on POLO (which is dead to me now). That was a good success. + +Fast forward, I find myself liberated from corporate work life, with absolutely no debt, a healthy savings and enough play for the next big ride. I want to now actually contribute something of more consequence to the ecosystem and let others stand on my shoulders as I stood on those that came before me. + +EDIT: I forgot to mention that I helped spread the virus by seeding several people myself. All are hooked. I would say in all, 10-15 others are now "in the game" from my donations. So donations can work! + +EDIT 2: I don't want to offer specific advice here as this is just one story of success. Many got rekt being careless or being at the wrong place at the wrong time. Cycles can bring you up or tear you down. I was pretty lucky to start taking risks at the end of a bear market. Nonetheless, I have no confidence, not a single bitcoin, in traditional investments like stocks. And I am not an investor either. I like the action of trading and moving all over the place. My convictions only lie in being somewhere that feels new and refreshing. + +EDIT 3: Since I got enough downvotes, I thought it would be the honorable thing to do to delete all comments related to advising people to liquidate 401Ks for crypto. I don't really want to hand out that advice. That is just my personal preference. + +EDIT 4: Where did I say I was rich? Hahaha, people love to jump to conclusions. I am happy where I am and look forward to what the future holds in store for crypto. + +Cheers! +[https://www.cnbc.com/2019/10/23/millennials-need-to-save-an-huge-percent-of-paycheck-to-retire-at-65.html](https://www.cnbc.com/2019/10/23/millennials-need-to-save-an-huge-percent-of-paycheck-to-retire-at-65.html) +My primary residence is totally paid off, and worth around $160,000. I've done *some* research on HELOC and HEL, and am trying to figure out what the best course of action would be to get the funds to either purchase a property in full or put a down payment on one or two SFRs. + +If I'm understanding this correctly, I could pull out a percentage of the value of the home and use that as a low interest loan with the HEL, and with the HELOC, I would use the value of the home as a credit card basically? I'd only need about $50k - $80k at most. +I recently purchased a duplex using FHA financing. Everything at closing went smoothly, but now that I look more closely and run the numbers on the closing documents it seems that I only made 1.8% of the purchase price as a down payment. I will check in with my lender about this but has anyone ever heard of putting less than 3.5% down for an FHA loan? +First of all I searched "downturn" in this sub to find answers to this and mostly just found aged-like-milk predictions about the market from 1 year ago. Yipes. + +People say they will buy buy buy if prices go down. But what is your strategy for being ready for that? Do you literally maintain cash for that? How do you decide how much cash? Or, how else do you plan to buy buy buy when there are deals all around but your own RE assets are also temporarily worth less? + +I have a handful of paid-for sfh, and my plan is to cash-out refi to buy more as I find great deals, not necessarily waiting for a market-wide decline. But if there WAS a market-wide decline, I wouldn't be able to pull as much cash at that point. + +I have no reason to believe prices will be declining any time soon. Just doing my best to be prepared! +Iā€™m not looking for a lender. I have that locked down. Would really like to buy and rehab another large multi-family property. + +If you had the same amount, what would you do? +We'd like to take the time to let our readers know an unethical company offered to pay the mods so they could promote their product. They were promptly banned and banished from these parts. With our rapid growing community, we have been banning more and more users each month. In other news, our book giveaway contest has concluded and all books are currently in the process of being shipped out. + +&#x200B; + +This is your opportunity to share what are you up to right now in the Real Estate Investing world? What are you looking forward to accomplishing? Have you closed any interesting deals recently? Do you have any advice to share with other readers? Let's hear! + +&#x200B; + +**NOTES** + +We have begun adding Post Flair to the sub. A few examples include: Deal Analysis, Flipping, Wholesaling, Success Stories and more. Please use at your convenience to assist others in understanding what your post is focused on! + +&#x200B; + +**Top Posts of OCTOBER** + +1. "**A little humorous one for you guys"** \- [u/jjg0987](https://www.reddit.com/user/jjg0987/) [https://www.reddit.com/r/realestateinvesting/comments/da4ot2/a\_little\_humorous\_one\_for\_you\_guys/](https://www.reddit.com/r/realestateinvesting/comments/da4ot2/a_little_humorous_one_for_you_guys/) +2. "**Just finished my first rental property! (numbers & story)" -** [u/Pool\_of\_Death](https://www.reddit.com/user/Pool_of_Death/) [https://www.reddit.com/r/realestateinvesting/comments/d7xpes/just\_finished\_my\_first\_rental\_property\_numbers/](https://www.reddit.com/r/realestateinvesting/comments/d7xpes/just_finished_my_first_rental_property_numbers/) +3. **"Bought a laundromat w/ Apartments in May, here's how we did financially in August" -** [u/schockergd](https://www.reddit.com/user/schockergd/) [https://www.reddit.com/r/realestateinvesting/comments/czqbtp/bought\_a\_laundromat\_w\_apartments\_in\_may\_heres\_how/](https://www.reddit.com/r/realestateinvesting/comments/czqbtp/bought_a_laundromat_w_apartments_in_may_heres_how/) +4. "**Hopefully this was a NNN lease" -** [u/MJMarto](https://www.reddit.com/user/MJMarto/) [https://www.reddit.com/r/realestateinvesting/comments/d8v9qf/hopefully\_this\_was\_a\_nnn\_lease/](https://www.reddit.com/r/realestateinvesting/comments/d8v9qf/hopefully_this_was_a_nnn_lease/) \\ +5. "**I feel like i was scammed..... sigh" -** [u/Storxusmc](https://www.reddit.com/user/Storxusmc/) [https://www.reddit.com/r/realestateinvesting/comments/d7q5k5/i\_feel\_like\_i\_was\_scammed\_sigh/](https://www.reddit.com/r/realestateinvesting/comments/d7q5k5/i_feel_like_i_was_scammed_sigh/) + +&#x200B; + +**Please share your successes in this thread and if you have a particularly compelling story please consider writing it up as a separate post.** + +Discord Server Link: [https://discord.gg/n7dxPVd](https://discord.gg/n7dxPVd) + +Last month's motivation thread: [https://www.reddit.com/r/realestateinvesting/comments/cytzvl/monthly\_motivation\_sept\_2019\_edition\_contest/](https://www.reddit.com/r/realestateinvesting/comments/cytzvl/monthly_motivation_sept_2019_edition_contest/) +My wife and I both work full time. We make around 125K combined. We owe 250K on our home and have approximately 100K in equity built up. We have an emergency fund of 20K which I do not plan to touch. We have about 15K saved up for investment purposes. + +After reading this sub, I am thinking a SFH local to us would be the best way to get started. Given my financial situation, should I continue to save for a while or dip into the equity either through a HELOC or refinance? I am of course open to any other suggestions. +My prospective tenant says his employer's company will be paying his rent. This is a new situation for me. Also, I can't find very much information on the employer's company (no website, just Tax ID and a brief opengovny.com listing). What sort of changes and additions should I make to a typical lease agreement? Is there anything I should ask or request from the employer's company? This is in New York. Thanks for your input. +Private lenders: How long of a track record are you looking for in a new borrower? + +How did you meet these individuals? + +Do you request different terms for a first time borrower rather than a repeat individual? If so, what are they. + +Those using private money: +Do you use one lender or multiple? + +How far into REI did you begin using private money? + + +I have 2 duplexā€™s, in process of buying a SFH. All done through a local credit union over the past 4 years. High equity in both duplexā€™s. + +Thereā€™s also a duplex Iā€™m considering but with private money for the deal. + +Currently zero debt outside mortgages, 100k day job salary and just learning more about non-traditional financing. +I'm wondering if anyone here has ever successfully negotiated a long term corporate housing agreement with a corporation directly and not through an intermediary like AirBnB. + +&#x200B; + +I have a townhouse I'm trying to rent in DC area and there's a lot of options but I was kind of hoping to tap into demand coming from large organizations who frequently have temporary workers but don't want to pay high price for hotels. Any advice or pointers about how to find such a beast? +Okay so Iā€™m currently a Bio major. Random I know lol. I thought I wanted to be a doctor. Iā€™m still interested in science, just donā€™t want to necessarily be a doctor. Anyways Iā€™m approaching my last year of school, it will be 6 long years (I know what youā€™re thinking but depression and self doubt hindered me). Iā€™ve always been interested in real estate, my dad was into it a few years ago. I saw my parents make HELLA money and from it opened businesses that helped other family members. Due to the market crash my dad got out and kept working his job. Heā€™s still somewhat involved in stocks and recently sold his last business. + +I say all this to say that Iā€™ve witnessed my dad have multiple streams of income while also maintaining a job. I want to do the same in a way. I told my dad this and he said if I go to real estate school heā€™ll pay for it. + +Is that do able while also finishing up college? Itā€™s taken me a long time to finish up college and I donā€™t want to waste any more time that I already have. + +Kinda long post but I appreciate any feedback! + +Update: Thank you all for the feedback! Iā€™ve decided Iā€™m going to focus on my degree right now. Iā€™m taking 20+ CH next semester and the Spring. I really want to focus on finishing strong. +I've been studying the tech market quite extensively and I get the feeling that we are once again on the verge of a tech bubble. Back in 2000, the basic principles of investment theory with regard to understanding when a business would turn a profit, if ever, were ignored in many cases, as investors were afraid to miss out on the next big hit. They were willing to invest large sums in companies which did not have a clear business plan. This was rationalized by a pipe dream of future profits. + +Are we not at that same place today with the likes of Uber, Twitter, AriBNB, WIX etc? + +I have been looking into company valuation (market cap) v compared to their balance sheets and things aren't looking great. What do you think? Am I looking at this all wrong? + [u/Capital\_Hunter\_8089](https://www.reddit.com/user/Capital_Hunter_8089/) + +I jumped into $FOX same day or just after it was released. Unfortunately, it was more or less the top of the first big pump so needless to say I kinda got wrecked before I was even out of the gate. All sorts of suspicious thoughts went through my mind.??????? + +Is this a scam? A pump and dump ? Etc etc. First thing I did was join the telegram to get more information.....( yeah I know what you are thinking šŸ’­ perhaps get more info before investing right!!) Anyway fast forward 5 days and I have a much better feeling about it. + +Couple of big whales dumped out early but with the 6% added to locked liquidity and 6% redistribution among token holders I say let them take their profits , Only make the diamond hands richer in the long term. + +Itā€™s quite a nice feeling knowing that your bag is growing while you sleep. I wake up to millions of little baby foxes added to my holding every day. And the more you hold the more you get from the auto staking function. + +The $FOX community is strong and growing fast...... From when I invested was only a few hundred holders, now reaching almost 2,500 holders. I donā€™t know guys I just have a good feeling about this one. Developers are super active on social media.. + +In my opinion, the tokenomics are way better than some of the other meme tokens. Very Robin Hood esq ( the real Robin Hood not the trading platform). Tax the rich that sell out.......give to the holders albeit poor or otherwise........ + +So this thing is less than 6 days old at the time of writing.......... Below is a list of things that are being worked on and we can look forward to...... + +CG listing CMC listing Whitebit listing Prizes for contributing to social media Wildlife rescue and rehabilitation And much more! + +I am a firm believer in $FOX + +Itā€™s still very early with many milestones to reach in the future. I believe this project will be around for a while, sustainably managed. Anyway thatā€™s my 2 centsšŸ¦Š +Okay so full disclosure, I bought a bag of this before the mysterious "announcement" yesterday. I tried to post here about it but my post didn't get listed for some reason. Hopefully because the project is so young but I'll try again. DMDHANDS is like 4 or 5 days old and they have already locked in a Satoshi Club AMA for the 30th of March. Pretty bullish for a young coin on the BSC network. I dunno about you guys but I've bought like 10 shitcoins lately and 8 of them dunked on me. This one and ElonGate have been super solid though and the TG room for DMDHANDS is extremely encouraging. I'm not going to throw all the numbers at you but take a minute to check out their chart and pop into the TG room and see what they are all about. I love what I've been seeing in there. +DMDHANDS_MissionControl +I don't wanna post all the pancake info and stuff because this isn't a hard shill, it's a soft shill. I'm just saying you should check them out and ask them some questions. Anyways, give them a SHOT (get it?). + + +**What is it?** + +Daddy Doge is the head of the Doge family, already with 33000 holders and a $10,000,000 market cap in just over 2 weeks. BigONE exchange listing 23/7. You might have seen the viral video of Elon claiming DaddyDoge is going to Mars ([https://twitter.com/DaddyDOGEtoken/status/1415713506976993283](https://twitter.com/DaddyDOGEtoken/status/1415713506976993283)), if not, maybe youā€™ll be one of the 5 million daily active users that will see the launch screenDaddyDoge advert on BTOK running right now which has already increased our Chinese TG numbers to over 10000. Either way, the audience is huge and ever growing. We are also classed as unruggable and have a rug screen nft certificate you can see here - ([https://www.rugscreen.com/scan/certificate?tokenid=97dd949f5c](https://www.rugscreen.com/scan/certificate?tokenid=97dd949f5c)) Donā€™t miss out! + +ā€œSome people don't believe in heroes but they haven't met my dad.ā€ DOGE 2019. + +**How to find us** + +* [Telegram](https://t.me/daddydogetoken) +* [Buy on Pancake](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7cce94c0b2c8ae7661f02544e62178377fe8cf92) +* [Twitter](https://twitter.com/DaddyDogeToken) +* [Website](https://daddydoge.finance/) +* [Reddit](https://www.reddit.com/r/DaddyDOGEtoken/) + +**What are the tokenomics?** + +Simple as you like, there is a **9%** total transaction fee compromising of: + +šŸ’° **3% distributed to all holders** + +The Daddy looks after his pups and rewards them by just holding. Every buy and sell gets paid amongst Daddy Doge holders in reflections. In short, the longer you hold the more tokens you earn. + +šŸ’° **3% added to the liquidity pool** + +The contract accumulates tokens on buy/sells and then adds them to the liquidity pool to create a solid price floor and increases the stability of the token for everyone's benefit! + +šŸ’° **3% sent to a house wallet** + +A token is nothing without longevity and marketing. A substantial marketing budget is in place to push this token higher than any other token. Over $150,000 has already been spent with vastly more lined up to be spent in the coming days and weeks. Exchanges, influencers as well as global billboard takeovers in time square, London, Dubai and Tokyo are just a few things lined up. + +**What else?** + +Daddy Doge is fed up of seeing rug pulls and honey pots, so heā€™s decided to give the community as much confidence as possible by: + +* Locking liquidity for 5 years +* Renounced ownership +* Community driven +* Devs hold no separate big token wallets + +Join us on the journey to take the Daddy to Mars šŸš€šŸš€šŸš€ +One of the criteria I look for when investing in coin is locked liquidity, and this led me to $MBULL. Missed their pre-sale which I heard sold out in 3 minutes. Waited for the dip and get some for my bag. After 4 days, I was only up by \~20% which surprised me, other inferior coins I have have done better. Good thing I was one of the lucky winners and now up by 2.5X. + +I reached out to Nicholes, one of the mod in the telegram group and asked for more information about $MBULL as I want to let people know more about the project and maybe, the next time I win, it would be bigger :) + +The Mad Bull Token $MBULL is one of the latest giveaway-centered, meme-based, reflective crypto token that is launched on the Binance Smart Chain. The Binance Smart chain is the cost effective blockchain of choice offering low cost, an fast transactions. When the pre-sale was opened on the 13th May, it was sold out within just three minutes, indicating a trust and belief from the general public towards this new token. + +The Mad Bull Token $MBULL is an anti-rug-pull token with full transparency in all its giveaway & marketing transactions. The meme token is inspired by The BULL MARKET, a common term in trading, A bull market is the condition of a financial market in which prices are rising or are expected to rise. MBULL has a genuine use case and is a community-centered token directly giving back to its community and aiming to make its own decentralised platform stand out from all the rest. + +**How the Mad Bull Token Works** + +There is a finite supply of $MBULL, with the total being 420,000,000,000 $MBULL. In total, there will be 187,128,712,500 MBULL tokens available for pre-sale available for pre-sale through DXSale. After the pre-sale, the tokens will be initially listed on pancakeswap. CoinMarketCap, CoinGecko & WhiteBIT listings are all planned soon and detailed in a thorough and comprehensive road map published on the Mad Bull Token website. + +There will also be 187,128,712,500 $MBULL tokens available for liquidity, a soft cap of 150 BNB and a hard cap of 300 BNB. Meanwhile, the Pre-sale Rate is 623,762,375 $MBULL/1 BNB. + +**Tokenomics of MAD BULL TOKEN** + +The tokenomics of the MAD BULL Token are innovative and interesting and are as follows: + +Giveaways of 3% ā€“ A 3% of transfer tax will be sent to the Giveaway wallet. + +Marketing 1% ā€“ In each giveaway, a small number of tokens are taken to promote the next giveaway. + +Locked liquidity 2% ā€“ From the transfer tax, 2% will be added to the liquidity pool and locked. + +Holders 2% ā€“ A total of 2% is automatically divided proportionally between all other token holders. + +**The Mad Bull Giveaways** + +What helps separate this meme coin from countless others, is the dedication to rewarding its holders. Guaranteed amongst its holders is a giveaway every 24 hours. + +The daily giveaways will constitute 20% of the total giveaway wallet whilst the largest giveaways will be Milestone Giveaways where for every $5,000,000 in market cap Mad Bull reaches, they will giveaway the complete giveaway wallet at that moment. + +With full transparency offered, the Mad Bull Token looks like one to watch over the coming months. Plus, being just a few days old, this could be the perfect opportunity to get in at its earliest stage. + +The focus put on marketing and rewarding is transparent and refreshing. + +**Future of Mad Bull Community** + +Mad Bull community officially said (on Telegram channel) they will release new tokens which can act as a utility to $MBULL to work in their new platform - The BullSwap. + +Many are excited about this good news. + +šŸ“© Telegram: [https://t.me/madbulltokens](https://t.me/madbulltokens) + +šŸ”„ Liquidity locked: [https://dxsale.app/app/pages/dxlockview?id=918&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=918&add=0&type=lpdefi&chain=BSC) + +šŸ”’ Ownership renounced: [https://bscscan.com/tx/0xd0b141d97a377577a2fc4feda87e616c1675da28588cf806b8fb2702d4349eab](https://bscscan.com/tx/0xd0b141d97a377577a2fc4feda87e616c1675da28588cf806b8fb2702d4349eab) + +šŸ“” Contract: [https://bscscan.com/address/0xbfbad3694417e7f272aff380fc56f8a4ab86ec5f](https://bscscan.com/address/0xbfbad3694417e7f272aff380fc56f8a4ab86ec5f) +I thought this article from the WSJ was interesting since so many of us are doing just this. + +**How to Get Entirely Tax-Free Retirement Income** + +*If used wisely, HSAs give savers a triple benefit--pretax deduction, tax-free growth, tax-free withdrawals* + + +When it comes to saving for retirement, I now use two accounts: My 401(k) and a health-savings account. + +Many people overlook HSAs as a retirement-savings vehicle because they are typically used to pay current medical bills. But these accounts, which Congress authorized in 2003, come with more tax advantages than 401(k)s and individual retirement accounts when used to cover medical costsā€”whether now or in retirement. And there are ways to use them to create tax-free income in retirement. + +Saving for medical costs makes sense given that they are a major expense in retirement. A 65-year-old couple who retires today and has no reason to expect an early death will need about $265,000 to have a 90% chance of having enough for Medicare premiums and the 38% of medical costs Medicare doesnā€™t cover, according to the nonprofit Employee Benefit Research Institute. (That amount doesnā€™t include dental and long-term-care expenses.) + +The HSA ā€œis the most tax-favored savings vehicle in the tax code,ā€ says Leo Acheson, a senior analyst at Morningstar Inc. who wrote a recent report about HSAs. + +As with a traditional 401(k) or IRA, an HSA allows you to set aside money without paying federal or state income taxes on it. Money in HSAs grows tax-free and, if used nowā€”or laterā€”for medical expenses, can be withdrawn tax-free. In contrast, with a traditional 401(k) or IRA, income tax is paid on withdrawals. (Alabama, California, New Jersey and New Hampshire donā€™t provide a state tax deduction for HSA contributions and Alabama, California and New Jersey also tax HSA earnings.) + +Because of the HSAā€™s triple tax advantageā€”the upfront tax deduction, tax-free growth and tax-free withdrawals for medical expensesā€”experts recommend that those who can afford to contribute to both an HSA and a 401(k) kick in the maximum to both. + +For a 401(k), the current annual limit is $18,000 for people under age 50 and $24,000 for older investorsā€”numbers that will rise to $18,500 and $24,500 in 2018. The annual caps for HSAs are $3,400 for individuals and $6,750 for families in 2017 and $3,450 and $6,900 in 2018ā€”with those who are 55 or older permitted to kick-in an extra $1,000. + +Those who canā€™t afford to put the maximum in both should first allocate enough to their 401(k) to get the company match and then switch to the HSA (and later return to the 401(k) if they can save more), experts say. + +To open an HSA, you must be covered by an HSA-qualified health insurance plan. Among other things, the plan must have a deductible of at least $1,300 for individuals and $2,600 for a family, thresholds that rise to $1350 and $2700 in 2018. + +I signed up for such a plan in 2016. To help build a buffer against my planā€™s $6,800 out-of-pocket spending cap for in network services, including a $2,800 deductible, my company deposited $500 into my HSA. I put in the $1,300 I saved on premiums by using the high-deductible plan instead of the conventional plan. Eventually, I added $2,050 more because I wanted to make the maximum annual contribution allowed, which, for individuals, was $3,350 in 2016. In 2017, I contributed the $3,400 individual limit. +The biggest payoff with an HSA comes when the money set aside isnā€™t used for current medical bills and instead compounds over time for use in retirement, says Rob Austin, director of research at 401(k) record-keeper Alight Solutions LLC. ā€œThe longer you let HSA money grow, the more valuable it becomes.ā€ + +To see why, consider my approach: For the sake of a simple, round number, letā€™s assume I have a $75,000 salary. That means that after paying federal income tax at a 25% rate, New York state income tax at a 6.45% rate and FICA tax (which finances Social Security and Medicare) at 7.65%, I get to keep 61 cents of each additional dollar I earnā€”not great. + +By saving in an HSA, I can shelter all 100 cents of every additional dollar I earn from taxation forever, assuming I use the money for medical bills. + +Due to the HSAā€™s extra tax advantages, each dollar I put into my account will turn into $2.19 after 20 years, assuming a 4% annual inflation-adjusted return, according to Vanguard Group By contrast, the same dollar will be worth just $1.64 after I take it out of a traditional 401(k) in two decades and pay income taxes on the withdrawal. (The example assumes a 25% federal income-tax rate and ignores state tax.) + +In an HSA, ā€œsavings can compound to produce higher returns than those available from other accounts,ā€ said Maria Bruno, senior investment strategist at Vanguard. + +Even if I decide to tap my HSA to cover current medical bills, it is still worthwhile to contribute, said Roy Ramthun, a consultant who specializes in high-deductible plans and HSAs. The reason: The upfront tax deduction allows me to keep the 39 cents per dollar I would otherwise have had to pay in taxes. + +To withdraw money tax-free from an HSA, you have to use it for qualified expenses. Those can include not just medical bills but also dental and vision-care expenses, premiums for all types of Medicare plans except for Medigap, and a portion of long-term-care insurance premiums. + +If you use your HSA for nonmedical expenses, you will owe income tax on your distributionsā€”and a 20% penalty if you are younger than 65. + +If you are organized and stockpile receipts for past medical costs you paid out of pocket since establishing the HSA, you can file for reimbursement in retirement. Doing this will allow you to supplement your retirement income tax-free in years in which tapping other accounts would push you into a higher tax bracket or expose you to higher Medicare premiums. + +ā€œYou could conceivably buy a boat or motorcycle with HSA money if you have receipts for qualified medical expensesā€ you paid out of pocket in the past that are equal to the purchase price, said Eric Remjeske, president of Devenir Group LLC, which advises banks offering HSA investment platforms. + +https://www.wsj.com/articles/how-to-get-entirely-tax-free-retirement-income-1510315200?tesla=y&mod=e2fb + +http://archive.is/Q7eWN +I recently commented on an /options/ thread about covered calls and made the observation that the profit profile of a covered call trade can be exactly replicated by selling a naked put at the same strike and expiration. It appears I kicked over a hornet's nest, because many redditors here told me there was *no way* that could be the case. In fact it is, and below I will attempt to explain why. + +It is a result of [put-call parity](https://en.wikipedia.org/wiki/Put%E2%80%93call_parity). Sure, we can read the definition, but what does it mean in real life? + +Here's how I think of it: using the 3 security types (put, call, stock), you can use a combination of any TWO to precisely replicate the profit profile of the other one. + +These are illustrated below: +Long put = Short stock + long call +Long call = Long stock + long put +Long stock = Long call + short put +Short put = Long stock + short call (covered call) +Short call = Short stock + short put +Short stock = Long put + short call + +(All of these presume that the options are implemented with the same strike and expiration as the one on the other side of the "=" sign.) + +Violations of these equalities would result in a risk-free arbitrage situation (subject to certain bounds outlined below). This has the effect of constraining the IVs of puts and calls at the same strike to be equal. E.g., a $40 put and a $40 call will have the same IV. If this were not the same, someone could buy the underpriced IV and sell the overpriced IV using the hedging equalities outlined above, and presto, free money. + +Here are some cases in which put-call parity can be violated: +- Bid/ask spreads: The securities have to be tradeable at the calculated IVs +- Shortable: the underlying stock must be freely shortable without high SLB rates, and the cash proceeds invested at the risk-free rate. +- Dividends: I've seen excited traders think they found a violation in the options chain, without considering upcoming dividends. + +How do you spot a violation of put-call parity? Simple, look for calls and puts with different IVs at the same strike and expiration. It's a useful exercise to look down an options chain and try to spot them (most likely, it's due to wide spreads). + +If covered call and short puts are the same, why would you choose one over the other? One reason is the OTM options generally have more narrow spreads than ITM options, so it may be easier to sell an OTM call than an OTM put. + +Several weeks ago I was in a discussion with a trader who was selling double covered calls (long 100 shares + short 2 OTM calls), which he thought of as a low-risk trade. Using the equalities above you can see that this trade has the same profit profile as a short straddle, which has the reputation of a high-risk trade. + +Put-call parity is a fundamental concept of options trading. I understand that there are new traders on this sub every day who are still learning how things work, so hopefully this was a helpful post. + +Another explanation can be found [here](https://www.reddit.com/r/thetagang/comments/iwlz21/comparing_covered_calls_and_short_puts/). +I often read on this sub that the quickest way to increase your income is by switching companies. + +Just wanted to share my journey where I've stuck with the same company for 2.5 years. + +Aug 20 - $80,000 base, 15% bonus +Dec 20 - $91,400 base, 15% bonus +Dec 21 - $108,000 base, 15% bonus +Dec 22 - $150,000 base, 15% bonus + +Software admin with 5 years experience. + +My question is, could have got to this point quicker without the loyalty, or did I just get lucky to double my package with the same company? Maybe I've been underpaid for a while? + +Sorry if this sounds like a brag post. I guess maybe it is. Has anyone else got a similar story or am I about to get shit on? +Hi all, + +Not sure if this is the right sub-reddit to post (let me know if there's another I should be posting) and it might blur the lines of rule number 5 so I'll try to keep it general enough. + +I know the easiest way to support your parents is to just carve out a portion of your income but I was curious to see if anyone else has found a better approach to do this, especially one that is more tax beneficial like anything to do with their superannuation. + +My parents are almost getting into that retirement age (first gen migrants) with barely anything in their super to make any meaningful dent so I've started providing a weekly income to them but I wanted to see if anyone on AusFinance has found a better way to both financial provide for their parents and also help their own tax situations. +Interested to see if thereā€™s some investors out there that were victims of the dotcom bubble and are still holding their bags, never cutting their losses. + +What were some companies you invested in with high valuations that never got back to their all time highs? +I'm still not 100% sure on how this happened which is why I'm coming to you guys. This all took place in New York. + +So a few years ago I started college as a freshman and got some student loans to help. My (abusive) father made me take out this "parental loan" or something like that for $15,000 to pay for school. I was 18 at the time and didn't really know the details, he basically took the loan out himself. Long story short, I ended my abusive relationship with him a year later and dropped out of school to deal with my mental health issues and lived with my mom for a while. + +Fast forward to now: I'm trying to apply to another school and my old school is telling me that my transcripts are being withheld. Apparently my father cashed out the loan, took the money for himself, and didn't make any payments or inform me of what he did. (So technically I owed all of that money to the school now?) The school was sending him bills and and notices to pay and he was just ignoring them and not telling me about them. There were so many missed payments on the loan that it eventually went to a collection agency. Now they're telling me the only way to get my transcripts back is to pay back all of that money. + +I work for $9.50 an hour and can barely afford to feed myself and my dog. How am I supposed to even put a dent in this debt? Is there any legal recourse I can take? I'm starting to get really stressed and depressed about this so I would really appreciate any help I could get. + +Thanks for taking the time to read this. + +Edit: It seems that I was a little confused about how these loans work but that doesn't change the fact that my father did something and now the school is holding my transcripts until someone pays them the $15,000 owed. I will be talking to the school and the lender to straighten things out. I appreciate all the responses. + +Edit 2: I also checked my credit report and this loan does not show up there (my other ones that I'm normally paying off do) and to set the record straight, I took a medical leave of absence (documented by the school and by my psychiatrist) due to my worsening depression (which developed because of his abuse) and my dad claimed that I was just drinking and getting high too much so he decided to do this out of spite. + +Edit 3: I've considered just starting school over from scratch but I've been told by the new school and other people that I can get kicked out of school or have my degree taken away for not submitting transcripts + +Edit 4: I need to sleep but I will keep answering questions on this tomorrow. Thank you everyone. + +Edit 5: Had a busy day today. I will make those phone calls tomorrow and will update everyone on what they say. + +Edit 6: So I had a nice talk with my school and they are willing to work out a deal with me to pay them a small amount now and set up a payment plan for the rest in order to temporarily release my transcript. I'm still dealing with the lender to try and figure out how and why my dad would leave this massive debt under his name. In the short term, my dad won. He succeeded in screwing me out of a couple thousand dollars which my mom is thankfully going to help me with. The issue with my old school was that there was an unpaid balance for my tuition and it didn't matter who was gonna pay for it, they're holding my transcripts regardless. Once I figure out what is going on with my lender I will post an update. Thanks for the help everyone! +Bear with me here... + +Around 7pm today, my wife started getting notifications that the passwords (all different) of several social media accounts and her Gmail account had been changed. All accounts became inaccessible and she was no longer able to use her phone for calls or messages. Several international charges started being made through her Venmo and PayPal accounts. Immediately we started the advice in https://www.reddit.com/r/personalfinance/wiki/identity_theft + +In the mean time, I was able to regain access to her Gmail account via Google's account recovery process by using a linked email account and immediately changed her password while trying to recover the rest of her accounts and changing those passwords, too. At some point, whoever has access to the account changed the password again and removed our ability to re-access the account. We're stuck and we have no idea what to do or what we can do. Every security request we make is either being sent to her email or her phone, both of which we cannot access. I'm begging for any kind of help from anyone. I'd be happy to share any information I can if needed. + +Update: This is some Mr. Robot shit. Just got off the phone with her phone provider. Somehow, the sim card on her phone was deactivated, which is why she cannot access her phone. + +Edit: Thank you everyone for your advice so far. We already called off work and we got a busy day tomorrow to try to take care of all of this. Unfortunately, a lot of what we need to do is going to have to wait until normal business hours. + +Edit 2: I guess I can provide some kind of update. We were told by our bank late last night that their fraud department would open at 4am PT and that we can request a hold on all her accounts with them. Guess what. They can't put a hold on the account because my wife can't verify her identity because she doesn't have access to her phone number or email address. We finally talked to a manager and she placed a restriction on the account until we can go to the bank as soon as they open to officially close the account and open a new one. I'm officially going 23 hours without sleep so I'm going to try to get some rest for now. + +Edit 3: We've been able to resolve most of the issue and I'll probably make an update post about it later once we secure everything else. Obviously, a lot of people on here know more about this stuff than we do but I think I learned some things that'd be helpful for others. For those curious, basically someone walked into a store with a fake ID claiming to be my wife and got a new SIM card under my wife's account. The store was in a city over 300 miles from us that we've never been to and we don't know anyone that lives remotely close to there. Why or how my wife was targeted, I honestly don't know and probably never will. Again, thank you for everyone's feedback and advice. + +Edit 4: This will probably be my last update as we're trying to be careful with how much information we're giving out and who we're giving that info to. You're welcome to message me directly for questions but I may or may not be able to answer them. As far as how it happened, again it's not totally clear and our phone provider isn't giving us any helpful answers. I feel like we're gonna be getting the run around for a while. In the mean time we'll continue working with the appropriate authorities. A huge thanks to everyone for the well wishes and advice. +Rejoice, Segwit is ours(!) BIP141 has reached the "locked-in" state which is the point of no return. Right now [huge sections of the bitcoin economy](https://bitcoincore.org/en/segwit_adoption/) enforce the fact that in about two weeks (around 21st August) segwit will be live and usable on the bitcoin mainnet. + +The miners were blocking segwit for months, forcing up transactions fees to scary levels and blocking exciting new technology. So large parts of the bitcoin economy came together and co-ordinated themselves to support segwit activation via user-activated-soft-fork. This spooked the miners who activated segwit early with bip91. Make no mistake; this is a huge achievement on our part. We've proved that the users of bitcoin are truly in control. We who give value to bitcoin by using it and investing in it, our full node wallets enforce the rules to make sure nobody can change the system to illegitimately suit themselves. + +Because we can co-ordinate we know we can defend ourselves. If 51% of miners ever attacked bitcoin again (for example, by censoring transactions unless they passed Chinese KYC laws) then the bitcoin economic majority knows it can do a PoW algorithm hard fork. If they try to adopt a miner-only soft fork for extention blocks, we could adopt a UASF to render the extention blocks invalid. Before segwit UASF this was much more in doubt. + +---------- + +It's worth understanding WHY there was all this politics and drama, and what will happen next. Bitcoin's blockchain is one of the least efficient data structures ever, every transaction has to be broadcasted to every node. That's okay, the point isn't to be efficient but to put the user in control. There's a tradeoff between scale and decentralization: if the block size is increased it makes transaction fees cheaper but makes the system harder to run for users and miners and therefore less decentralized. If the block size is reduced then decentralization goes up but so do transaction fees. The result is that you get politics, drama and fighting in the community; people who transact a lot always want block sizes to go up but people who want control over their money want it to go down. + +The big blockers would have solved this contradiction by completely disenfranchising the pro-decentralization camp. Their first proposal called BitcoinXT would have increased block sizes to 8GB (that's gigabytes with a G) which would have completely centralized mining and made full nodes impossible to run except by large datacenters. + +One reason segwit is such a smart solution is it doesn't disenfranchise anybody. By allowing *secure off-chain* transactions everybody can be happy. Technology like Lightning Network allows transactions which don't have to be broadcasted to every single node, yet still have virtually all the security of bitcoin's blockchain. So transactors can use off-chain solutions which will be very cheap, allow instant transactions and will be more private because they're not on the blockchain. People who want a decentralized bitcoin can store their coins in cold storage same as always. + +---------- + +So that's why I think we shouldn't hard fork now. We should let the new technology that segwit allows to mature and become adopted. Not just Lightning but also transaction cut-through, coinswap, schnorr signatures, MAST, fraud proofs, etc. What's likely to happen is that all the drama and politics resulting from this will end. Then there won't anymore be two camps constantly fighting to increase or decrease the block size and the bitcoin forums will be happy and calm again, and bitcoin's enemies won't be able to use these divisions to attack bitcoin. We can look at how the system behaves now that segwit has increased the block size and in future years maybe do a hard fork depending. But for now, lets allow the full benefits of segwit to play out. + +To make sure any hard fork attempt doesn't affect you, always use a full node as your wallet when receiving bitcoin payments. Your full node will reject any invalid transactions in the same way a careful goldsmith rejects fool's gold. The greater proportion of bitcoin's economy that does this, the less disruption will be had if they attempt any other hard forks. + +I'll start off by saying that, yes, I got pulled into the GME hype. I knew about all that since it was at around 40$, but only got in around 300$. I haven't sold anything yet, since I believe I can at least cut my losses if I hold into the long term due the big changes the company will do moving forward. I only put in money I didn't care if I lost and am not angry about what I could lose if I sell. + +I recently bought a couple books about investing and I'm currently reading The Little Book of Common Sense Investing. From what I've read so far - and it makes a lot of sense - I should look into buying low-cost ETF's. + +Now, what I still don't know is how to choose a good ETF, how many to buy, etc. Since I'm really young, I could pick sum more risky ETF's, but I don't know if it's still important to hold bonds and low risk stocks or ETF's. Also, I would still like to allocate a percentage of my portfolio to individual stocks, where I would do research about the company and decide what to buy specifically. From what I've read here so far 80% ETF'S/20% stock would be good? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Hello, + +I have been trading for a little over a year now. After I was consistently able to make $1,000/week, I quit my job and since then have made $150,000 after taking out my original capital. + +The only issue is that my friends and my wifeā€™s friends ask me about my job when we chat, and I still tell them I am a recruiter. How do I tell ppl I trade financial derivatives without sounding like an asshole? + +I mentioned that I do this in the side before, but I donā€™t want to reveal how much I made, which may come up if I tell them I do this full time. +If it's a feature somewhere, I haven't seen it yet. The idea is that you allocate a percentage of your portfolio to each stock. Say you have 2 stocks and $1000 capital, you allocate 70% to stock 1 and 30% to stock 2. $700 of stock 1 is bought and $300 of stock 2. 30 minutes before market close, stock 1 is up $100 and stock 2 is still at $300. The portfolio manager sells $30 of stock one, so that at EOD you have around 70% in stock 1, 30% in stock 2. + +I feel like this would be great for holding long term stocks. You would automatically sell highs and buy lows on a miniscule scale, without needing to think about. This would of course be optional, and you could opt to just use the feature to adjust your portfolio when/if you want. + +The real key feature would be grouping. Say you create 3 groups, one for tech, one for finance stocks, and one for pharmas. You allocate 50% to the tech stocks, 30% to the finance stocks, and 20% to the pharma stocks. Say you have 5 stocks in each group- the 5 in the tech stocks would each get 10% of your portfolio, with 6% in the finance stocks and 4% in the pharmas. You add a stock to the tech stocks group, and the portfolio automatically adjusts so that each tech stock now gets 8.3% of the capital. + +Just an idea I wanted to share. It wouldn't be difficult at all to implement a spreadsheet for this but going through and adjusting each stock manually just isn't worth it. +As the title states, I am curious to know what you guys have done to begin the journey to become a profitable trader. I have been doing courses on babypips on and off for a few months but I wanted to know what kind of routes you guys would recommend. I have read through this subreddit and have seen many people recommend finding a mentor. Is this necessary/important? Or is this a venture that can be done independently. I have also heard many positive reviews about Mark Douglas and ā€˜Trading in the Zoneā€™ and was wondering if the effect would be the same if I read it before I even began trading or would it be more beneficial to read it after gaining experience through a demo account. If you have any resources or pieces of advice please drop them below. Thank you! +How many strategies did you have before you settled on one? + +How and where did you pick your strategies? + +What made you settle for one and not the other? + +Any tips for people in search for a strategy? +Going to try this again, this time i have a set list of rules that include: Using no more than 1% of my account per trade, strict stop losses, will only trade when 4/5 of my personal signals are met, and a reward ratio of 1:2 aka low take profits. rate my setup +Hello, +The winter holidays are just around the corner. And perhaps a lot of institutions and big boys are not going to trade during that period. What would be the effect of low volatility during those days? Do you think that somebody (or a group of somebodies) with big wallet could try to overcome the market and manipulate the price in some pairs? + +Also this friday could be the last trading day for the year for a lot of traders and they could prefer to close their positions before the holidays and the start of the new year. So what should we expect from the end of the week? +Iā€™ve been struggling holding my trades i usually close too early or in a bit of drawdown I also close early I analyse my charts on trading view and trade S&R most of my trades end up hitting my original TP but I canā€™t mentally let them run as Iā€™m too scared of losing more money I have so far blown 900 pounds and also 2 10k funded accounts because this i then get frustrated when I see on trading view my original position ended up hitting TP and revenge trade I am looking for advice from traders that also had struggled with this and how they delt with it most of my trades hit tp within 24h but I struggle to hold them that long any tips on what to do I have only been trading f around 6 months but have put countless hours into learning to trade +Tomorrow I will be trading real money as soon as the markets open Im so excited! I've been practicing and studying for over 2 months now and think its time to make the transition. I've found a good strategy that works for me and its been working so far. + +Any advice or help is very welcome :) +See you guys on the market tomorrow +I thought the currency rises because bulls buy and falls because bears sell. A chart is a reflection of how the crowd is thinking? + +Thanks in advance for your answers. +Was when I realized that about 90% of the time, I would look at a trade like it was an amazing set up. Like it was the one. The big special one Iā€™ve been waiting for. This often led to me over-risking because my biased assumptions had me expecting my fantasy. + +Not only is this bad because it led to me over risking often, but it also made me not expect to lose. Which is not good, that can lead to an emotional attachment to my trades. + +I am still working on things but as I have grown as a trader and have realized that the market produces amazing set ups every week and that there will always be great opportunities, it has helped me to be more patient and look at my trades differently. Hope this may be an eye opener for anyone that is experiencing a similar situation. + +If anyone would like to share one thing/change that really made them upgrade as a trader and was a game changer please share. Letā€™s get some good insights on here. +Stocks selling off worldwide has the markets in a panic and we saw Gold get a big surge today as people are fleeing to it as a safe haven for their money. + + +Iā€™m fairly new to the forex game, only having about a month of trading under my belt but this seems like a good opportunity to jump on something but my question is what? + + +I see that Gold could become more volatile as the market recedes/bounces back and Iā€™ve also heard that the Yen tends to strengthen as economyā€™s slump. Any other ideas? +As per the title really, is it worth doing if you have very little the invest to begin with? I'm going through a very quiet time with work at the moment, with over a month off currently, so looking at learning some new skills. If I feel more confident in the future I'd be able to invest more...but let's say I started with Ā£100, would that be enough to get me started and learning? +Forex trading newbie here. Big dreams but A LOT of work ahead of me, lots to learn. + +**I'm just curious:** + +When you make...whatever your goal income or savings is, what do you want to do with that money? Retire? + +Buy fast cars? + +Live on the beach? + +Build your dream home? + +Quit your job? + +Anything! + +Would like to hear about the life you want to build for yourself. +Iā€™ve been trading for a couple of months now. The strategy that Iā€™m having good results with is a swing trading strategy and Iā€™ve been using it on a small $500 account, but sometimes it takes days for the setup to happen. Iā€™m still developing what kind of trader I want to be and what strategies Iā€™ll use in the long run. + +The volatility over the past couple of weeks has helped some traders make good money much faster than usual (or so Iā€™ve read). + +Just out of curiosity, those of you who are doing well over the past couple of weeks, are you a scalper, day trader, or a swing trader? What timeframes are you basing your trades on? + +Itā€™d be nice to eventually have a strategy that works well in volatile markets but I donā€™t have one that Iā€™m comfortable with yet. +I am trying to step away from all the indicators and use just a bare chart for my trading, and I just have a few questions for those of you who are strictly price action traders. + +Is it just as simple as idenitfying market type (ranging, trending, etc.), support and resistance points and the deciding how to trade when it reaches S/R levels? Basically buy when it breaks through and closes about resistance and the opposite for when it breaks through support? + +Are there and good resources on the internet for teaching price action thoroughly? + +TIA everyone! +Idk if i just confused myself recently but I was looking at liquidity taps and I understand why they are done but then I started thinking about in the scenario of a liquidity tap into support before pumping price up + +"how do institutions or whales push price down when if they are selling large volumes someone has to be buying those large volumes so wouldnt that just balance out the buying/selling pressure?" + +In another example, if someone buys 10 billion dollars of gbp/aud that would be huge buying pressure but wouldn't you need an equal amount of sellers to fill the order so how does that pump price if both buying and selling are the same. Like even if 80% of traders are selling a currency doesnt there still need to be equal amount of units bought to fill all those orders so what makes the currencies to fluctuate? + +I really hope this question makes sense. Im very sorry if this is a dumb question but I think I just completely confused myself. +[Link to imgur](https://imgur.com/a/lsXfxSx) + + +**HOW I USE THIS:** + +1) All the stocks identified in the table are qualified as ā€œBUYā€ opportunities. + +2) I focus in the column ā€œSuccess Rate(3m)ā€ which shows the precision of the agents in the last 3 calendar months. I personally feel most comfortable with Rates 0.8 or higher. + +3) Then, I see the number in ā€œTx(3m)ā€ which represents the number of transactions that the agents predicted for this stock in the last 3 months. I prefer stocks that have had at least two transactions during this period. + +4) Finally, I look at Growth(3m), if the agents have had a considerable growth (>5% in 3 months) then I follow that trade. + +5) If a row in the table is colored green then it means that stock has been on the rise today so I purchase it immediately in order to ride the wave up. On the other hand, if the row is colored red, then I wait out until very close to market close to purchase the stock and let the price bottom out before climbing up again tomorrow. + + +6) After I purchase the stocks, I ALWAYS set a stop loss order at -2.5% from my buying price valid for the day. I think this is good hygiene, no matter how confident I am of my system, I still want to make sure that my losses are capped. I update this stop loss order every day. + + +**BACKGROUND** + + +I am not a financier or economist. I am electrical engineer with equal passion in artificial intelligence and financial markets. For the past 2 years I have been working on a system that would make short term predictions of stocks. The system is rather complex, I use multiple layers which include: Convolutional Neural Networks, LSTMs and Genetic Algorithms. All bulked together produce an output like in this image. The way to interpret the image is a follows: Symbol and Date columns are self explanatory, Quorum refers to autonomous agents that decide whether to BUY/NOT BUY or SELL/HOLD a stock. Each symbol has 9 agents, and the Quorum column, counts the number of agents that recommend Buy, Selling or Holding the stock. The ā€œNot Ownedā€ column means: if you donā€™t own this stock then you should ā€¦ The ā€œOwnedā€ column means: if you own this stock you should HOLD or SELL. The column ā€œGrowth(1 Year)ā€ refers to what what has been the growth of this system of Agents in the past calendar year. The column ā€œTx(1Yr)ā€ shows the number of full transactions that these agents recommended in the last calendar year. ā€œFactorā€ is just the division of Growth divided by Transactions to get the average growth per transaction. Finally ā€œSuccess Rateā€ shows how successful these agents have been in their recommendations in the past calendar year, success 1 means 100% successful, 0.5 means 50% successful, and so on. + +Many people have been curious about the actual process that the system follows, so here it is: for every symbol (600 stocks are analyzed daily), we get the full stock data (open,close,high,low,volume) for the past 4 months. Each stock is associated with another set of ā€œlookalikeā€ stocks as well as major ETFā€™s. This initial dataset is run through a convolutional layer that extracts an undisclosed number of features. These features are then passed onto a recurrent neural network (LSTM) where sequences and patterns are extracted. The LSTM then spits out probabilities for the likelihood that this stock will have a positive, negative and neutral tendency in the next N days. These probabilities are then fed to a genetic evolution system (GES). This system essentially checks the predictions for the past N days and compares them with reality, following that the systems knows which predictions are performing the best. Once the system knows which stocks are being simulated the best, then the system automatically finds which of these best performing stocks have the biggest potential for the next few days. The system does not output explanations, unfortunately us humans are not capable of understanding (or visualizing) a problem of this dimensionality, for example the LSTM part alone works with over 10 million dimensions, not features but dimensions. + + +You can follow my picks on twitter @ladybaybee1 +My father died and my mom assumed his life insurance was left to her, and instead it was left to me (his son). She had discussed giving me 10% of it and keeping the rest to recoup her expenses in caring for him his final years. I completely agreed with this, but now that she found out he left it to me she wants me to keep all of it. + +My question is, how can I best complete our arrangement as intended? I understand nothing as to how taxes work on life insurance and how a six-figure payment to my mother would work. + +If I left out any relevant details, let me know and I will edit. Thanks for any advice. +Dips like today are a natural, healthy part of the stock market. The market never goes up in a straight line. It zigzags, selling off when stocks climb too high too fast ā€” and when the market contains too much froth and speculation ā€” which creates buying opportunities as prices fall. + +I know: Looking at your portfolio on red days is difficult. So donā€™t! Do not look at how much youā€™re down in one day, or in individual positions. That data will only deject you. Rather, scroll down to the stocks you want to buy. Skip the painful part and go directly to the deals. + +And remember: all signs point to this market recovering from here, and then reaching over 4000SPX in the relatively near future. Most end-of-year projections from Wall Street have the S&P finishing 2021 around 4300-4500. Thatā€™s quite the yearly gain! We want to be in this market long-term, as vaccines roll out and the economy recovers and booms. + +So how to buy the dip? + +You should have a list of stocks youā€™re watching. Either these are stocks you want to own, or current positions you want to increase. Determine what entry point you want to buy. And keep an eye on our market support levels, which are 3850SPX-3775. Purchase a little bit at your price ā€” or at support ā€” to make sure you at least start a position, in case this dip is on the shorter side. From there, buy in tranches on the way down. Never buy all at once. Buy a little bit during the morning, afternoon and before the closing bell, to make sure you get a range of prices, including whatever turns out to be the best. + +And always assume the dip might last another day or so. Save some money for future, deeper selloffs in the days ahead, as the market goes through the volatile motions of a healthy selloff. Just as the market never goes straight up, it also zigzags on the way down. Give yourself the opportunity to buy over the course of several days. + +Buy the dip, and then thank yourself in the weeks and months ahead as these positions push into the green. Thatā€™s whatā€™s worked for me. Do the bulk of your buying when other people are selling. + +**Obviously: I am not a professional financial advisor and this is not professional financial advice.** +Alot of people have bought at peaks and prives above 350 euros. I have heard from noumerous people that are in these positions, that they are speculating on selling at 500 then waiting for it to drop to buy on lower amounts so they can put themselves in a better position with more shares when the puts start being covered. I'm here to tell you that's not how it work. Diamond hands means diamond hands, you hold, i know greed is a big factor and you want more money but if we want the price to skyrocket (potentially going up to 10k, very possible based on 2008 shorts squeeze) we have to hold. I bought at 349 and i had my fair share of temptations, but don't give into them, this all rests on our shoulder and we all can make a shit tone of money, we just need to hold with what we have. + +Sencerely, +A fellow retard + +Ps. Btw cancel your 420 limits, 420 is pennies and i'm not taking that, put one down for 10000.69 + +OU AND I'M NOT ADVISING ANYTHING, I JUST LIKE THE STOCK, THIS IS NOT A FINANCIAL ADVICE I'M REALLY REALLYY RETARTED. +I am considering properties to rent as I am about to relocate and start a new career. Property in the area is pretty expensive and would amount to 45-60% of my net salary (depending on location), however, I am considering a larger property with an extra room at 70-80% of my net salary and then subletting that room. + +I would need a 40-50% occupancy rate (depends on pricing) for this option to be viable. I consider this to be pretty risky as if I don't meet the occupancy rate or get any bookings in a month then I will have only 25% of my net salary to live off. (25% of net salary = <Ā£5000/year). + +I live in the UK so I have two options for tax, (1) there isn't any tax to be paid on the income from AirBnB if the income is under Ā£7500, (2) pay 20% tax on the profit gained from the venture. + +Hopefully a 40-50% occupancy rate is obtainable, the AirBnB market in my area is quite strong, although not as strong as other major cities (Manchester, Birmingham, London). I have experience using AirBnB and know about digital marketing, so hopefully this should help. + +I know to start a new venture you have to spend money to make money, and the income that comes from AirBnB will reduce the amount I spend on rent. The rates below also factor in the costs involved in renting a property and being an AirBnB landlord (Setup costs, AirBnB costs, insurance etc). These are all estimates but set at my largest estimates. + +* If I get a 0% occupancy rate then I will be spending 70-80% of my net income on rent. +* If I get a 40-50% occupancy rate then I will be spending 45-60% of my net income on rent. (My desired amount to spend on rent). +* Anything above a 40-50% occupancy rate, I guess can be considered a "profit". + +I wanted to get some input on this idea. +Do you think spending this large percentage of my net income on rent is too risky? + +Ape, stock split dividend is not done deal y, it still has to be voted!!! Member how last year lot of apes (specially europoors) had issues with shitty brokers and not were able to vote? And if you want to make sure your vote counts this year, have your GME shares DRSd!!! Make your VOTE counted this year, do not rely on shitty brokers that can fudge the numbers, DRS the float!!! + +BUY, HODL, DRS!!! BUY, HODL, DRS!!! BUY, HODL, DRS!!! BUY, HODL, DRS!!! BUY, HODL, DRS!!! BUY, HODL, DRS!!! BUY, HODL, DRS!!! BUY, HODL, DRS!!! BUY, HODL, DRS!!! BUY, HODL, DRS!!! BUY, HODL, DRS!!! BUY, HODL, DRS!!! BUY, HODL, DRS!!! BUY, HODL, DRS!!! BUY, HODL, DRS!!! +Over the years my income has grown and while I haven't had my lifestyle follow directly my expenses do seem to increase as my income increases. What I find is it isn't the big stuff that gets me, our cars are paid off but it's things like spending more for organic everything, fancy cheese, the highest end baby things etc. I'm still saving around 20% of my income every year which including maxing out my 401K but I struggle sometimes with the balance of what I'm buying now to enjoy in the moment vs having a level of financial freedom in the future. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Hello fellow jackasses. As we're engaged in the holiest of wars against Sellvin, I've pondered what to do after the inevitable victory when GME (hereafter referred to as "Jimmy") surpasses BRKA's value. We rain down weapons-grade chromesomium from the heavens, but what will the history books remember us doing with the spoils of war? + + +#THE PLAN + + +After we're done mailing boxes labeled "extra Jimmy shares" full of peanut brittle snakes to Melvin's Syndicate of Stupidity HQ, I propose we buy out the contract of the wax-headed Seinfeld character on CNBC. We simply shave off 2% of our collective gains, make our offer to CNBC, and collect our Cramery spoils. + + +From then on, we make him the WSB mascot. Dress him as a clown and rent him out for children's burthday parties. Make him wear a sandwich board reading "beanie babies are crash-proof" and have him stand outside the NYSE every day until he straight up expires from old age. Legally change his name to Jimmy ToMoon? By all means. + + +Me? I just wanna dress him in little sweaters and take him on walks. + + +I want ideas on my desk by 4. + + +EDIT: Cramer, if you're reading this, if you *can* read this, what's your sweater size? I'm planning on buying 2 sizes smaller, so act accordingly. +If you are reading this, then congratulations, you are officially an early adopter in crypto. + +You have made it in with us having less than 10% of the US stock exchanges market cap. + +You have made it before real world applications, adoptions and use cases. + +You have made it before real institutional fomo. + +May you pick the right projects and have a very successful year! + +EDIT: The $26.23 Trillion market cap is just the New York Stock Exchange. The total market capatelization of the entire US stock market is over $51 Trillion. +I am going to be intentionally vague in this post. + +My son is a web developer at a small agency and one of his clients is a publicly traded company, his contact at the company is their social media manager. She always gave him blog posts, content and press releases to put up on their site a few days ahead of time. This time she gave him a press release that he knew would have a negative effect on the companies stock, but she gave it to him about a week ahead of time. He bought a lot of puts on the company (since wsb is retarded let me explain, that means he is betting on the stock losing value), and this is where he and I are worried because when I say a lot, I mean he was reckless. + +He made an absolute killing on these puts because the stock tanked like he knew it would... + +Just to clarify, he is an hourly employee and has not signed any paperwork regarding information shared with him by clients. He kept copies of everything he has signed and nothing in any of the paperwork mentions any sort of situation even close to this one. He tells me he knows this does not relinquish him from any potential Federal laws he has broken, but I'm just clarifying that he hasn't broken any company specific rules. + +Is there anyway for him to get in trouble here? Nobody in our personal life knows about this. Is what he has done illegal? If he is somehow caught, will they search my home and find the corpse of my wife that I murdered a week ago? Surely he can just plead ignorance and say that he never looked at anything they sent him, he just put it up on the site? Just very nervous about this situation... Mainly because of my wife's corpse that is rotting in the attic. + + +Edit: you really were all retards this whole time huh? + + +Talk about your plays today or things you are on the lookout for. This is where you belong if your comment includes a ticker. + +*keep it civil please* +In todayā€™s society, we have an epidemic where millions of people have no fucks to give. Since early June our team has been working hard to solve the ā€œlack of fucksā€ problem that permeates civilization. We have come up with a solution: an ERC-20 token called FUCK. We can now quantify the value of a FUCK. + + +We envision an ecosystem where FUCKs are distributed through tips. You laughed at a shitpost on Reddit? Show them your appreciation by giving a FUCK. Your friend is sulking about his marital problems? Give him a FUCK or two and watch his smile brighten up. Being cyber-bullied for being a crypto nerd? Send them 10,000 digital, decentralized, middle fingers with FUCK token. + + +This is no joke. By tipping FUCKs, you are not only contributing to the FUCK token ecosystem, you are indirectly exposing newcomers to the Ethereum network. Imagine a world where thousands of FUCKs are given every minute. You may say "why wouldn't I just use the ETH tip bot?". We believe tipping someone a FUCK will grab their attention and spark their curiosity in Ethereum. You will be able to tip on any subreddit, even tip your favorite r/gonewild girl. + + +As of yesterday, our first fully automated tip was executed and we are entering the alpha phase of testing. Here is our proof of concept: http://imgur.com/a/9N3zZ. Etherdelta has agreed to list FUCK, so you will be able to immediately trade FUCKs. + +If youā€™d like to join the FUCKing revolution, we are holding a small hard-capped FUCK sale to raise money for the ridiculous exchange fees and our tipbot servers. + +**The sale begins today at 2pm EDT. When the counter hits zero on our website (www.fucktoken.io) the sale smart contract will appear.** + +Be sure to check out our fucking whitepaper/roadmap and head over to r/FuckToken for updates. + + +All the fucking best, + +Fuck Token Team + +Edit: we are now trading on Etherdelta- https://etherdelta.github.io/#FUCK-ETH +Hello, + +Wondering which project you guys are most excited about when it comes to Ethereum? + +I am personally invested in Golem, and have been looking at Status. +First off, I want to say that [Cove Street Capital](https://www.youtube.com/watch?v=wzPAHXkX6tM) has done an amazing job covering Lumen last year and I highly encourage anyone who is looking to listen-in, as a lot of points are still highly relevant. I do have a few comments to make about it as an update to where Lumen is today. I can't locate my fully flushed out DD anymore, but this should be a good starting point. + +Quick Summary: Lumen is a TelCo with well over 400k miles of network fiber buried in the ground that offers both residential and business customers data center, data transport, internet, and colocation services. The asset, which is the third largest, has obvious value as the backbone to the internet but will serve as the backbone of the ā€œ[fourth industrial revolution](https://www.weforum.org/agenda/2016/01/the-fourth-industrial-revolution-what-it-means-and-how-to-respond/)ā€ which will service increasing demands (Edge Computing, Data Analytics, IoT, AI, etc). + +I am a strong believer in currently functional network fiber. The cost of reproduction is already high, attributable to the amount of debt/capital, expertise, and production pipeline. Another moat that is relevant today is the increasing amount of labor to accomplish significant fiber projects. There are labor shortages in almost every vertical, which Lumen can take advantage of in the near term. On the other side of the coin, high amounts of debt are required to accomplish such a vast amount of fiber miles; And Lumen has plenty of it, with a current ratio of .42x- arguably the biggest, and valid bear argument. + +However, I was a buyer in Lumen back when they were sub $10, when debt was even more bleak. My bet was that Lumen is a cash flow machine and I had enough trust in Lumen to pay it off; And pay it off they did. With their net debt/EBITDA almost 3.5x, they were able to pay off a significant amount of debt (over $1 billion, IIRC) and took advantage of the low interest environment to re-balance debt maturities at better interest rates. Thatā€™s not to say that they are out of the woodwork yet, but I do believe that cash flow should continue rolling and that management will be making quality decisions as long as Jeff Storey is at the helm. + +I am a firm believer that we are going to see inflation above what the Fed has targeted. One response to inflation will be an interest rate hike, potentially a sharp one. Although this would negatively impact interest rates on future debts, the inflation itself may be to the advantage of Lumen to help inflate them out of some of their current debt. Since this debt exists on an obviously needed asset, this would further raise the cost of reproduction for an entrant. I'm pretty sure we can all guess if the second largest fiber line holder has pricing power. Otherwise, the intrinsic value is clear. + +A note about competitors: It seems like Verizon is sticking to their story, focusing primarily on 5G with no signs of focusing on laying fiber. This might offer an opportunity for Lumen to be leveraged to accommodate the extra miles that would be required for 5G antennas, but my educated guess is that most competitors in the industry have either been slowed down in any current projects or re-evaluating future projects. This gives competitors like Lumen and AT&T an advantage, but the issue with AT&T is that their business is not focused on TelCo/fourth industrial revolution. (It also seems like their management is struggling to keep their ship in the right direction now as well). + +If you compare Lumen against comparable businesses, itā€™s visible that Lumen is undervalued. I do think the intrinsic value estimates by Cove Street still has accuracy ($20 - $30 per share). Their price explanation is simple: Wall Street has a hard time when a business is composed of a melting ice-cube portion of their business and a strong portion to the business. While we wait for Wall Street to figure out that they are wrong, we can profit off the outrageous dividend. A major event would be the divestiture of non-core business assets, which management says they are working diligently to do. That would be wonderful, but I personally don't need to see it. I think time will show value. +So I follow Aswath Damodaran's principles for building my WACC and DCF. He has an Equity Risk Premium built into his WACC which is based on where the country gets it's revenue from (i.e UK, U.S, Spain etc) or the operating country. + +This is good for taking into account risk in terms of revenues for a company. However Aswath does not seem to be taking into account risk in terms of supply chains. + +For example, in COVID it turned out that many companies were too reliant on China and when China shut own a lot of companies had to move operations and/or scale back temporarily which cost them $$. + +So, should we take into account the supply chain risk in our Equity Risk Premium calculation as part of our WACC? + +If yes, then how should we calculate it? And why does Aswath Damodaran not take it into account? +You can find them in this spreadsheet: + +[https://docs.google.com/spreadsheets/d/1idWaAsSN3Q6yDYJnXpq\_u5cNoZzDUUhR4xfEmOcip9o/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1idWaAsSN3Q6yDYJnXpq_u5cNoZzDUUhR4xfEmOcip9o/edit?usp=sharing) + +Let me know what you think about the stocks. Are there any good investments or are they mostly garbage? + +What is a net-net stock? [Investopedia](https://www.investopedia.com/terms/n/net-net.asp). + +Info about the data: + +The program screened the balance sheets of \~30k instruments. There are two formulas that tell if a given stock is net-net - **NCAV** and **NNWC** (more info [here](https://www.oldschoolvalue.com/investing-strategy/graham-net-net-stocks/)). Thatā€™s why there are two separate sheets in the spreadsheet. + +The algorithm computes the NCAV/NNWC per share for each stock and then computes a score. The score is a number between 0 and 1: + +*ncavScore = NCAVPS / price* + +*nnwcScore = NNWC / price* + +Instruments with smaller scores are more undervalued. + +Disclaimer: The ones with a score < 0.25 are filtered out to avoid potential invalid data from the API I used. + +If someone finds this data valuable, I can upload it somewhere and update it from time to time. + +If someone is interested in the implementation, DM me! +Just finished Invested by Danielle and Phil Town. Researching the authors and all I can find related to how well his investments have turned out for him is an estimated net worth of 5-6 million. Obviously that's a lot to many people but it isn't the huge number I was expecting. Thoughts? +Graftech is a leading producer of Graphite Electrodes, a critical component for EAF steelmaking. There is no substitute for that product. They have one of the biggest facilities that produce the graphite electrodes in the world and Graftech is the lowest cost producer in the world. They account for 24% of global production. + +Unfairly Valued + +Graftech is a special company, an overlooked one as well, basically due to their debt levels and the Brookfield Asset Management ownership stake in them. In 2018 they became public, and BAM being the largest shareholder with 79% ownership of the company, scared away investors because of the constant thought that they might act against shareholder wishes. Since then, BAM ownership has been lowered to 24%, which gives us investors tranquility. Another concern ongoing for shareholders was their debt. Graftech went public in 2018 with a long term debt of 2.4B. It was fair for people to react like that after they issued the debt, I wouldā€™ve reacted the same way if I was invested in it at that time. But since 2018, they have lowered their debt from 2.4B to 1.3B in 2021. This provides so much more flexibility in the balance sheet and provides more confidence for the management to be able to distribute capital to shareholders and back into the business. Since these two ongoing concerns are being worked on, I don't think Graftech is being fairly valued in the market. With Graftech now in full control of their own company, and lowered debt that provides flexibility, I think there is a huge upside for this company and people are not realizing that there is a limited downside, a small one. People fail to see into the future, and what Graftech can become when countries starts to demand a more environmentally friendly procedure for steelmaking. + +Key Drivers for Graftechā€™s Success + +Graftech has had a good performance in the last few years. Since it's a commodity business, revenues have been going up and down between the years. But here is where Graftech succeeded. They came up with the idea to reduce those price movements and established LTA with their customers. Since graphite electrodes are a lengthy process to make, buyers sign a contract for the amount of graphite electrodes they will need for next year and a fixed price is agreed on, generally way higher than spot on prices. Because of this, they were able to maintain themselves during the pandemic and were still able to generate a big profit and high cash flow generation. They made their financials predictable.Ā  + +Low cost has also been a key driver for Graftechā€™s success. Since their facilities are one of the biggest in the world and are strategically located, they are able to reduce operating costs and expenses. This is one of the reasons why I think this business is very attractive. They are a low cost producer, with high margins, and a high ROIC and ROA. + +Buffets Moat + +Graftech is vertically integrated and owns the second largest petroleum needle coke producer in the world. Petroleum needle coke is the primary raw material required in the graphite electrode production process. Since 70% of the petroleum needle coke they get is from Sea Drift, their wholly owned subsidiary dedicated exclusively to the production of coke needles, they are able to get an advantage and get the needles for a lower price than their competitors, thus, having a better economic advantage than their competitor. Another advantage Graftech has by owning SeaDrift is the ability to still be able to produce Graphite Electrodes and have delivery on time even though coke needles are in short supply due to the high demand of coke needles on the electric vehicle industry used for lithium ion batteries. I think this is a sustainable competitive advantage that will keep Graftech at the top of its game for years to come and ahead of the competition. + +Graftech also has a service for EAF users called ArchiTech which is basically a system to manage customerā€™s Electric Arc Furnaces. Graftech is the only Graphite Electrode producer that engages with customers that way and provides a service for their customers to better manage the efficiency and reduce cost for their EAF. ArchiTech helps EAF owners to reduce cost, increase productivity, and it provides powerful insights.Ā  + +For a Greener World + +The world is constantly moving to a greener way of doing work and living. Since the switching from gasoline vehicles to electric vehicles, the same is being done with steelmaking. The world is switching from BOF to EAF because it is a more efficient way of doing steel and also a greener way. Governments from different countries are starting to worry about the environmental impact BOF has and are going to start demanding the switch from BOF to EAF. Graftech is well positioned for that change. As a supplier of the main component needed for EAF steelmaking, Graftech has facilities in different countries, countries in Europe, America, and Asia. I see EAF becoming the same as Electric vehicles. Becoming the dominant way of transportation and the dominant way of steelmaking because it has a greener output on the world. + +Management + +I think management has done a great job on working things out during the pandemic. They cut the dividend pay to retain the cash flow generated and focused on debt repayments and putting back into the business to reward shareholders in the long term. If they wouldā€™ve kept the dividend, they would not be able to reduce debt the way they did 2020-2021. I think management has done a great job allocating capital with the majority of the money going towards debt repayments and a small part in buybacks. Management is definitely thinking on creating shareholder value and finding ways on how to reward us while still being able to provide flexibility by paying down the majority of the cash flow on debt. 2021 will still be focused on debt repayment which I think is a really good idea because it will benefit the company in the long term, rather than just allocating capital poorly, giving to shareholders when there is no need to do that. + +Valuation + +A market cap of 3B is insanely low for a company like Graftech. They generate large sums of free cash flow, with a P/FCF of only 7, and a P/E of 7 as well. They generate large sums of profit every year with an average profit margin over the last 3 years of 30%. There are not a lot of businesses these days that are able to have that high of a margin because of the competition nowadays. They have a 5 year average ROIC of 33% and ROA of 28%, it's just incredible. This is a quality company that would definitely compound over the years, and will provide high rates of returns. Graftech has a current ratio of 3.2, proving they are very liquid and are able to meet their current liabilities every day of the week. If P/FCF and P/E gets to a normal level, somewhere around 15, we can see Graftech trading at 6.4B in market cap. We have a huge margin of safety here which is why I like this company. The valuation and the quality of the business makes this an attractive investment in a quantitative and qualitative aspect. + +&#x200B; + +I would appreciate feedback from you guys! + +&#x200B; + +Thanks for reading. +I'd like to see how much cash is in others hold in their portfolios. I understand this is a difficult topic and the allocation will differ for everyone. I don't think there is a "right" way. The allocation amount will differ based on investment strategy and personality. + +I'll start. I'm 80-20 equity-cash. + +I use to have a higher cash allocation but it was too stressful for me waiting on the market to "crash" again. With 20% cash I feel like I'm invested enough to take advantage of the market but at the same time I have enough cash to take advantage of a correction. I've thought about decreasing my cash size. We'll see. With the liquidity in the market and the lengths the government is willing to go through in order to keep the markets going, I think having too high of a cash allocation will hurt long term returns. Also, it can be stressful holding too much. To me anyways. These are my opinions. It works for me. I like to think that's the most important thing. +I have been doing some research on Copart recently. It looks rather attractive, valuing at around 40% below its sticker price according to my calculations. It has been growing steadily over the past and there are no problems in the management or the company. Its industry is also safe, it will probably continue to exist for a long time. + +I am from Europe and Copart isn't popular in my country, but I hear it is the most popular online vehicle auction in the US. It is also included in the S&P 500. I am not sure what their moat is. 'm still trying to find that out and find out the reason why they have been performing so good so for such a long time. Maybe you can suggest their moat if you had any interaction with them. + +Overall, I don't see any negative aspects of the company and I think it has room to grow. Any opinions? Am I missing something? +First off, I want to say that [Cove Street Capital](https://www.youtube.com/watch?v=wzPAHXkX6tM) has done an amazing job covering Lumen last year and I highly encourage anyone who is looking to listen-in, as a lot of points are still highly relevant. I do have a few comments to make about it as an update to where Lumen is today. I can't locate my fully flushed out DD anymore, but this should be a good starting point. + +Quick Summary: Lumen is a TelCo with well over 400k miles of network fiber buried in the ground that offers both residential and business customers data center, data transport, internet, and colocation services. The asset, which is the third largest, has obvious value as the backbone to the internet but will serve as the backbone of the ā€œ[fourth industrial revolution](https://www.weforum.org/agenda/2016/01/the-fourth-industrial-revolution-what-it-means-and-how-to-respond/)ā€ which will service increasing demands (Edge Computing, Data Analytics, IoT, AI, etc). + +I am a strong believer in currently functional network fiber. The cost of reproduction is already high, attributable to the amount of debt/capital, expertise, and production pipeline. Another moat that is relevant today is the increasing amount of labor to accomplish significant fiber projects. There are labor shortages in almost every vertical, which Lumen can take advantage of in the near term. On the other side of the coin, high amounts of debt are required to accomplish such a vast amount of fiber miles; And Lumen has plenty of it, with a current ratio of .42x- arguably the biggest, and valid bear argument. + +However, I was a buyer in Lumen back when they were sub $10, when debt was even more bleak. My bet was that Lumen is a cash flow machine and I had enough trust in Lumen to pay it off; And pay it off they did. With their net debt/EBITDA almost 3.5x, they were able to pay off a significant amount of debt (over $1 billion, IIRC) and took advantage of the low interest environment to re-balance debt maturities at better interest rates. Thatā€™s not to say that they are out of the woodwork yet, but I do believe that cash flow should continue rolling and that management will be making quality decisions as long as Jeff Storey is at the helm. + +I am a firm believer that we are going to see inflation above what the Fed has targeted. One response to inflation will be an interest rate hike, potentially a sharp one. Although this would negatively impact interest rates on future debts, the inflation itself may be to the advantage of Lumen to help inflate them out of some of their current debt. Since this debt exists on an obviously needed asset, this would further raise the cost of reproduction for an entrant. I'm pretty sure we can all guess if the second largest fiber line holder has pricing power. Otherwise, the intrinsic value is clear. + +A note about competitors: It seems like Verizon is sticking to their story, focusing primarily on 5G with no signs of focusing on laying fiber. This might offer an opportunity for Lumen to be leveraged to accommodate the extra miles that would be required for 5G antennas, but my educated guess is that most competitors in the industry have either been slowed down in any current projects or re-evaluating future projects. This gives competitors like Lumen and AT&T an advantage, but the issue with AT&T is that their business is not focused on TelCo/fourth industrial revolution. (It also seems like their management is struggling to keep their ship in the right direction now as well). + +If you compare Lumen against comparable businesses, itā€™s visible that Lumen is undervalued. I do think the intrinsic value estimates by Cove Street still has accuracy ($20 - $30 per share). Their price explanation is simple: Wall Street has a hard time when a business is composed of a melting ice-cube portion of their business and a strong portion to the business. While we wait for Wall Street to figure out that they are wrong, we can profit off the outrageous dividend. A major event would be the divestiture of non-core business assets, which management says they are working diligently to do. That would be wonderful, but I personally don't need to see it. I think time will show value. +I started looking at Lithia Motors ($LAD) a few months ago. This is a review with some updated information. They're an automotive retailer here in the states with a current Market Cap around $8.72b. They are one of the largest retail dealerships in the US. Their growth is mainly accomplished through M&A of other dealerships. + +Fundamental Numbers: + +* Free Cash Flow - went positive about 5 years ago. + * For 2021, Q3, reported approx. $650m in FCF. + * CAGR on FCF from 2017 to 2020 equaled 86.4%. +* Other financial data: + * Revenue for 12mths in 2021 Q3 was $20.5B. + * 2011 to 2020 - Revenue grew from $2b to $13.1b (CAGR 20.5%). + * BVPS CAGR was 24.7% (2020 BVPS of $111.83). + * EPS CAGR was 43.7% (2020 EPS of $19.53). + * 21, Q3 EPS diluted - $34.02 + * ROE CAGR 19.2% (2020 value was 25.6%) +* Total Liabilities are at $5.66b + * Long-term debt 2021, Q3 - $3.76b + * LT Debt to Earnings (ttm) ratio = 3.93 +* Moat / Competitive Advantages: + * some pricing advantage over smaller competitors, + * protection in certain markets where regulations or distributor arrangements keep their competitors out for certain vehicle brands. + * Brand name in certain regions where they operate. +* Downsides include: + * susceptibility to economic downturns, + * if interest rates climb it will make it harder for them to offer attractive financing, + * 2021 supply chain shortages interrupting inventory, + * High debt levels, + * Competitive advantages, as I see them currently, are somewhat limited: + * small pricing advantage over smaller competitors, + * limited protection in certain markets where regulations or distributor arrangements keep their competitors out for certain vehicle brands. + +I think the supply chain shortages are going to be rough over the next 6-9 months for them, although, they surprised in Q3 when things were already tightening up. + +**WSJ Pricing Targets** +* High $542.00 +* Median $480.00 +* Low $303.00 +* Average $469.15 + +* Currently $285.97 + +This hits my buy range around $260.00. Iā€™d be very curious to hear what others see/think, and I'm hoping for some help inverting the argument for this being a value deal. +Hi, + +"Valuation" by Mckinsey and "Investment Valuation" by Aswath Damodaran are two books that have been reccomended here. They are not particularly cheap, so I will only be buying one of them. How do they compare to each other and which do you guys think I should go for? Also, if I buy one of them, should I consider to buy the other in the future? + +Thanks +I have read WBA's annual report in the past but I am NOT an expert on the company. I'm going to read the annual report and write my thoughts below as I read it. + +The report is 152 pages long. In October 2021, WBA came up with a new strategy get into the doctor's office business. Weird. O great, the company is spending a lot of its money on acquisitions to pursue its new strategy. I'm curious to see how much it costs. + +&#x200B; + +WBA's FCF was pretty bad during the pandemic--a major red flag. WBA also has a brand new CEO who is basically turning the company into a "healthcare company". Hmmm + +[https://www.macrotrends.net/stocks/charts/WBA/walgreens/free-cash-flow](https://www.macrotrends.net/stocks/charts/WBA/walgreens/free-cash-flow) + +&#x200B; + +WBA is selling its pharmacy assets. It sold AmerisourceBergen for $6.5b and Alliance healthcare for $6.9b. Damn. So walgreens is selling off non-core assets to fund its doctors office expansion. + +&#x200B; + +WBA spent about $2b to open about 600 "village medical at walgreens" primary care clinics over "a five year period'. So I assume they are going to get rid of their retail space and make them doctor's offices? + +&#x200B; + +The company also purchased a pharma wholesale company in Germany for about $300m. I'm not sure how this aligns with their new strategy. I'm on page 10 and I'm looking at over $10b in M&A for a company with a $38b market cap. This harkens me me back to Benjamin Graham's writing about the 'serial acquirer" companies that destroy shareholder value to juice top-line growth and justify high management salaries. + +&#x200B; + +About 75% of WBA's sales is from pharmacy; 25% is retail. O great--more brand new strategy changes. They have a new credit card that they tout as something revolutionary. The company's pharmacies in the UK are known as "boots". Boots makes 50% of revenues from selling pharma to pharmacies, 20% from its own pharmacies and 30% from retail. Make up, for some reason, makes up a lot of the retail revenue at boots pharmacies. + +There are many disclosed risks in this annual report. I've noticed companies are disclosing more risks this year compared to last year. + +&#x200B; + +WBA has 9000 stores in the US and 4000 international stores; mostly in the UK and Mexico. I'm on page 42 now and they just keep listing acquisitions like crazy. There is also some stuff about a cost management program they are implementing which sounds stupid for a serial acquirer. Basically, all the 'cost savings' the company is going to generate are going to get eaten up by investment bankers when they acquirer and divest companies. The cost management program resulted in about $4b of pre-tax gap charges including write offs worth about $575 (omg!). Maybe they are writing off stuff the prior ceo bought. + +&#x200B; + +So I'm on page 45 and I'm not impressed. I think the idea of using their low margin retail space as doctor's offices actually makes a lot of sense. I'd like to know more about the details of their plan. I'm checking out the earnings call transcript from q1. Operating cash flow was up $1.1 billion in the quarter, with free cash flow of $645 million. I search for the word "doctor" in the earnings conference call and I find one hit. I see no discussion of WBA's new strategy in the earnings conference call and thus far into the report I don't completely understand it. + +&#x200B; + +Typically, company's explain what they are doing in annual reports. They provide projections and reasons for a shift in strategy. This typically occurs as a 'message from the ceo' at the beginning of the report. I do not see this in WBA's annual report so I don't know what is going on. I learned more about WBA's strategy change from USA today than I did from the annual report. The "village medical" portion of the walgreens just looks like a doctor's office attached to the walgreens. Apparently, all of these locations offer 24/7 telehealth which sounds cool. This is going to be super expensive. + +&#x200B; + +Page 46 has some good stuff. Walgreens operating income is 2.3b for fy21 vs 1b in fy20 and 4.8b in 19. I would have expected a bigger bounce back from the pandemic. Maybe this explains WBA's 'strategic change'. Boots OI is similarly unspectacular. COMPS were up big at walgreens but who cares if it doesn't hit the bottom line. + +&#x200B; + +And....that's the end of that? The rest of the annual report is all accounting stuff. When companies buy and sell assets like crazy they have a bunch of notes and crap in their annual report. + +&#x200B; + +Ok I have to look. Are insiders selling shares? I don't see anything here. One thing I found out is that the company's COO has been in a long term relationship with the company's former ceo and current charman of the board since 1985. Walgreen's is weird. + +&#x200B; + +Conclusion: WBA is buying and selling a bunch of assets. WBA is writing off assets and reducing headcount via a cost-reduction plan that hit the books last fy with a $4b pre-tax charge. WBA is going to spend a bunch of money building doctor's offices next to or inside existing walgreens stores that provide 24/7 telehealth. WBA acts like this is a trade-secret in its annual report, not providing meaningful details about this process. Similarly, analysts did not ask questions about Walgreen's strategic shift in their most recent earnings conference call. I would consider dating a co-worker at Walgreens but investing in the company just comes with a bunch of question marks. +I have been doing some research on Copart recently. It looks rather attractive, valuing at around 40% below its sticker price according to my calculations. It has been growing steadily over the past and there are no problems in the management or the company. Its industry is also safe, it will probably continue to exist for a long time. + +I am from Europe and Copart isn't popular in my country, but I hear it is the most popular online vehicle auction in the US. It is also included in the S&P 500. I am not sure what their moat is. 'm still trying to find that out and find out the reason why they have been performing so good so for such a long time. Maybe you can suggest their moat if you had any interaction with them. + +Overall, I don't see any negative aspects of the company and I think it has room to grow. Any opinions? Am I missing something? +Snap ($SNAP) is one of the companies that have a terrible performance as a public company, down 50% since its IPO back in March 2017 (first trading day closing at $27/share, today at around $13). + +Most of the time as a public company, the price fluctuated between $5 and $25. Until the last quarter of 2021. The price started to increase and got to over $80/share in less than a year. Since then, the price is down over 80%. + +This post has two goals: +1. Explain what is Snap, how it makes money, and what contributed to this crazy share price movement. + +2. Provide an analysis of the company's financials and valuation. + +Link to the video for those who prefer to watch: [https://youtu.be/030jiaIPgZQ](https://youtu.be/030jiaIPgZQ) + +***Let's get started!*** + +&#x200B; + +**What is Snap?** + +If you take a look at their annual report, the company is being described as a "camera company". In my opinion, this is misleading as Snap is not manufacturing and selling cameras. They explicitly state that they generate substantially all of the revenue from advertising. My definition is a bit different, "*Snap is a social media company that makes money selling ads*". + +&#x200B; + +**How does Snap make money?** + +There's a simple formula that can be applied to every social media company that has the advertising model as a main source of revenue. + +Revenue = *# of users* multiplied by *ARPU (Average revenue per user)* + +Having this in mind, Snap can grow only by increasing the # of users and/or increasing the ARPU. + +&#x200B; + +**The # of users** + +There are two events that I believe are relevant to mention when it comes to this metric: + +1. The IPO - If we take a look at the growth of DAU (Daily active users) on the platform, at the point of IPO, Snap had a great history and a great story. Storytelling is very important when raising funds. The # of users grew from 50m in Q1/2014 to over 150m in Q1/2017. However, after the IPO, for the next 3 years (up until the end of 2019), they added roughly 50m. Not only did they have slower growth than before, but there were quarters when the # of DAU declined. +2. The pandemic - The # of DAU started growing again around this period, but the share price didn't start increasing until Q4/2020. Why? The answer is simple. Whenever there's an external event that brings new users, there's always doubt that these users will leave the platform once that event is over. However, as time went by, it was clear that the new Snap members were there to stay and this number kept increasing. So the share price went up and up and up... + +However, growth has limits. There's a limit to the # of users a platform can bring, as well as, a limit on the average revenue per user. + +In 5 markets (US, UK, Australia, France, Netherlands), the company has incredibly high penetration. By this, I mean 90% of the 13-24-year-olds are on the platform and 75% of the 13-34 year-olds. I find these numbers sad as I am not a big fan of social media and the impact it has on society, but I won't go there as this post is purely intended for Snap as a company. + +So growing the # of users is difficult in their most valuable markets. They'll have to wait until more children become teenagers and join the platform. Therefore, a large part of the future growth lies in expansion internationally and increasing the ARPU which could be challenging in this environment. + +The high growth of the last 2 years is again declining and the momentum shifted. The share price declined from $80+ to today's $13. + +As one of the most famous investors, Eminem mentioned in his most popular song "Lose Yourself" - Snap back to reality, ope there goes gravity. + +&#x200B; + +**Snap's big bet?** + +One of the areas where Snap seems to be ahead is AR (Augmented reality, not accounts receivable). Over 250m of users engage with AR per day on average. This is definitely huge. If we take into account that the users play with AR lenses over 6b times per day on average, well, we can easily calculate the average per user. The engagement is quite high. + +So what is this actually? One simple example is trying to see how certain shoes look on you. Instead of going to the store, Snap has the technology to convert a 2D image to 3D and allow you to see the outcome through the camera. Of course, this application is not limited to shoes or clothes, but it is a simple example to understand the technology. + +However, they are not alone. Metaverse is one of Facebook's big bets, so they are facing competition in this area. + +&#x200B; + +**Growing through acquisitions** + +Snap has done numerous acquisitions over the last 7 years. Although this is always a risky strategy as there's no certainty the company will fit well in the existing environment, it is very difficult to judge whether these acquisitions are successful or not. The companies that have been acquired are in this industry and are expected to add new features or improve the user's experience, but it cannot be measured whether they are a good investment or not as they become part of the Snapchat application. + +&#x200B; + +**The real decision-makers** + +Evan Spiegel and Bobby Murphy are the two most important people in this company. Not only because they have high management positions, but because they control over 99% of the voting power in the company. No, they don't own over 99% of all the shares. Here's why. Snap has 3 types of shares: + +Class A - publicly traded, these are the ones that we can all buy but have 0 voting rights. + +Class B - not publicly traded, have 1 voting right per share + +Class C - not publicly traded, have 10 voting rights per share. + +You might be wondering, well, if I buy 1 share or 1000, even if I had voting rights, it would've made no difference. Why should I be interested in this? Lack of control is being priced at the share price. Imagine a hypothetical scenario where a large institutional investor is deciding between investing in company A and company B, both being exactly the same, except company B's shares, have no voting power. They would only invest in company B's shares over company A's shares, only if they are cheaper. The big-name investors want to have the ability to influence the direction of the company. The discount for lack of control is between 10-20%. In my valuation, I'm using DCF as if the shares have voting rights and I'm subtracting 15% of it at the end. + +&#x200B; + +**Historical financial performance** + +The company's revenue is growing significantly, from $1.2b in 2018 to $4.4b in the last twelve months (ending Q1/2022). + +At the same time, gross margin improved from 32% to 60%, and all the operating expenses reduced as a % of revenue: + +\- R&D from 65% to 38% + +\- Sales & Marketing from 34% to 20% + +\- General & Administrative from 40% to 17% + +Hence, the operating margin improved from -107% to -15%. + +&#x200B; + +**The balance sheet** + +Snap is not a capital-intensive company, the largest expenses are related to its employees and the balance sheet is fairly simple to follow. + +On the asset side, out of the $9b, $5b is related to cash and short-term investment. This has increased significantly, from $1.2b at the end of 2018. + +Where did this cash come from? It came mainly from debt as their long-term loans increased to almost $4b. + +Having a high cash position is good to reduce the risk of bankruptcy for money-losing companies. However, Snap is not losing money (if we exclude the share-based compensation) and there will be pressure to put the $5b in use. It is likely that we see another acquisition coming soon. + +The level of debt is at an acceptable level, especially if we take into account that the interest rate was very low when they increased the debt. In my opinion, this was a great decision by the management team. + +&#x200B; + +**The valuation** + +I used a DCF model to estimate the company's value. The assumptions are listed below: + +**Revenue growth:** 15% for the next 12 months, followed by 20% in the 4 years after that and declining over time to 3.41%. + +**Operating margin**: To improve over time, reach 9% in year 5 and 25% as of year 8. + +**Discount rate**: Currently 8.3%, increasing to 10.3% over time (as the FED is raising the interest rate) + +**Discount due to lack of control/voting power**: 15% + +**Outcome**: $9.11/share + +\*Note: In the DCF calculation, the outstanding equity options are also taken into account. + +&#x200B; + +**What if my assumptions are significantly wrong?** + +Based on the assumptions stated above, the revenue will grow by 280% to $16.8b in the next 10 years and the target operating margin is 25%. + +Let's take a look at how the valuation of the company (per share) changes based on different assumptions related to the revenue 10 years from now and the operating margin: + +|Revenue / Op. margin|20%|25%|30%| +|:-|:-|:-|:-| +|200% ($13.3b)|$5.4|$7.3|$9.1| +|280% ($16.8b)|$6.8|$9.1|$11.4| +|350% ($19.8b)|$8.0|$10.7|$13.4| +|550% ($28.6b)|$11.5|$15.3|$19.1| + +There's a lot of uncertainty ahead of Snap and its success depends on many variables. At the current level, it can also be an interesting acquisition target by the larger companies. + +I'd like to get your feedback regarding the post and feel free to share your thoughts. + How can we protect from the so called value-trap... at the end of the day i can get a fair value for a company with a super risky leverage by discounting a lot... but markets might get over scared and our stock price returns would be dead... +Itā€™s pretty clear after reading ā€œhow to avoid a climate disasterā€ that in the coming decades renewable energy such as solar will be a huge industry. + +Rather than speculate on which company to buy, could anyone suggest any pick/shovel businesses for me to look into that could give me proxy into the solar industry as a whole? Ideally one that is currently profitable +Today I'm using seeking alpha, and I think most of the analysts there are very bad. + +I want to find good resources to read about good companies and industries, research about management quality, real research of the business and industry, etc. Where can I find it? +Snap ($SNAP) is one of the companies that have a terrible performance as a public company, down 50% since its IPO back in March 2017 (first trading day closing at $27/share, today at around $13). + +Most of the time as a public company, the price fluctuated between $5 and $25. Until the last quarter of 2021. The price started to increase and got to over $80/share in less than a year. Since then, the price is down over 80%. + +This post has two goals: +1. Explain what is Snap, how it makes money, and what contributed to this crazy share price movement. + +2. Provide an analysis of the company's financials and valuation. + +Link to the video for those who prefer to watch: [https://youtu.be/030jiaIPgZQ](https://youtu.be/030jiaIPgZQ) + +***Let's get started!*** + +&#x200B; + +**What is Snap?** + +If you take a look at their annual report, the company is being described as a "camera company". In my opinion, this is misleading as Snap is not manufacturing and selling cameras. They explicitly state that they generate substantially all of the revenue from advertising. My definition is a bit different, "*Snap is a social media company that makes money selling ads*". + +&#x200B; + +**How does Snap make money?** + +There's a simple formula that can be applied to every social media company that has the advertising model as a main source of revenue. + +Revenue = *# of users* multiplied by *ARPU (Average revenue per user)* + +Having this in mind, Snap can grow only by increasing the # of users and/or increasing the ARPU. + +&#x200B; + +**The # of users** + +There are two events that I believe are relevant to mention when it comes to this metric: + +1. The IPO - If we take a look at the growth of DAU (Daily active users) on the platform, at the point of IPO, Snap had a great history and a great story. Storytelling is very important when raising funds. The # of users grew from 50m in Q1/2014 to over 150m in Q1/2017. However, after the IPO, for the next 3 years (up until the end of 2019), they added roughly 50m. Not only did they have slower growth than before, but there were quarters when the # of DAU declined. +2. The pandemic - The # of DAU started growing again around this period, but the share price didn't start increasing until Q4/2020. Why? The answer is simple. Whenever there's an external event that brings new users, there's always doubt that these users will leave the platform once that event is over. However, as time went by, it was clear that the new Snap members were there to stay and this number kept increasing. So the share price went up and up and up... + +However, growth has limits. There's a limit to the # of users a platform can bring, as well as, a limit on the average revenue per user. + +In 5 markets (US, UK, Australia, France, Netherlands), the company has incredibly high penetration. By this, I mean 90% of the 13-24-year-olds are on the platform and 75% of the 13-34 year-olds. I find these numbers sad as I am not a big fan of social media and the impact it has on society, but I won't go there as this post is purely intended for Snap as a company. + +So growing the # of users is difficult in their most valuable markets. They'll have to wait until more children become teenagers and join the platform. Therefore, a large part of the future growth lies in expansion internationally and increasing the ARPU which could be challenging in this environment. + +The high growth of the last 2 years is again declining and the momentum shifted. The share price declined from $80+ to today's $13. + +As one of the most famous investors, Eminem mentioned in his most popular song "Lose Yourself" - Snap back to reality, ope there goes gravity. + +&#x200B; + +**Snap's big bet?** + +One of the areas where Snap seems to be ahead is AR (Augmented reality, not accounts receivable). Over 250m of users engage with AR per day on average. This is definitely huge. If we take into account that the users play with AR lenses over 6b times per day on average, well, we can easily calculate the average per user. The engagement is quite high. + +So what is this actually? One simple example is trying to see how certain shoes look on you. Instead of going to the store, Snap has the technology to convert a 2D image to 3D and allow you to see the outcome through the camera. Of course, this application is not limited to shoes or clothes, but it is a simple example to understand the technology. + +However, they are not alone. Metaverse is one of Facebook's big bets, so they are facing competition in this area. + +&#x200B; + +**Growing through acquisitions** + +Snap has done numerous acquisitions over the last 7 years. Although this is always a risky strategy as there's no certainty the company will fit well in the existing environment, it is very difficult to judge whether these acquisitions are successful or not. The companies that have been acquired are in this industry and are expected to add new features or improve the user's experience, but it cannot be measured whether they are a good investment or not as they become part of the Snapchat application. + +&#x200B; + +**The real decision-makers** + +Evan Spiegel and Bobby Murphy are the two most important people in this company. Not only because they have high management positions, but because they control over 99% of the voting power in the company. No, they don't own over 99% of all the shares. Here's why. Snap has 3 types of shares: + +Class A - publicly traded, these are the ones that we can all buy but have 0 voting rights. + +Class B - not publicly traded, have 1 voting right per share + +Class C - not publicly traded, have 10 voting rights per share. + +You might be wondering, well, if I buy 1 share or 1000, even if I had voting rights, it would've made no difference. Why should I be interested in this? Lack of control is being priced at the share price. Imagine a hypothetical scenario where a large institutional investor is deciding between investing in company A and company B, both being exactly the same, except company B's shares, have no voting power. They would only invest in company B's shares over company A's shares, only if they are cheaper. The big-name investors want to have the ability to influence the direction of the company. The discount for lack of control is between 10-20%. In my valuation, I'm using DCF as if the shares have voting rights and I'm subtracting 15% of it at the end. + +&#x200B; + +**Historical financial performance** + +The company's revenue is growing significantly, from $1.2b in 2018 to $4.4b in the last twelve months (ending Q1/2022). + +At the same time, gross margin improved from 32% to 60%, and all the operating expenses reduced as a % of revenue: + +\- R&D from 65% to 38% + +\- Sales & Marketing from 34% to 20% + +\- General & Administrative from 40% to 17% + +Hence, the operating margin improved from -107% to -15%. + +&#x200B; + +**The balance sheet** + +Snap is not a capital-intensive company, the largest expenses are related to its employees and the balance sheet is fairly simple to follow. + +On the asset side, out of the $9b, $5b is related to cash and short-term investment. This has increased significantly, from $1.2b at the end of 2018. + +Where did this cash come from? It came mainly from debt as their long-term loans increased to almost $4b. + +Having a high cash position is good to reduce the risk of bankruptcy for money-losing companies. However, Snap is not losing money (if we exclude the share-based compensation) and there will be pressure to put the $5b in use. It is likely that we see another acquisition coming soon. + +The level of debt is at an acceptable level, especially if we take into account that the interest rate was very low when they increased the debt. In my opinion, this was a great decision by the management team. + +&#x200B; + +**The valuation** + +I used a DCF model to estimate the company's value. The assumptions are listed below: + +**Revenue growth:** 15% for the next 12 months, followed by 20% in the 4 years after that and declining over time to 3.41%. + +**Operating margin**: To improve over time, reach 9% in year 5 and 25% as of year 8. + +**Discount rate**: Currently 8.3%, increasing to 10.3% over time (as the FED is raising the interest rate) + +**Discount due to lack of control/voting power**: 15% + +**Outcome**: $9.11/share + +\*Note: In the DCF calculation, the outstanding equity options are also taken into account. + +&#x200B; + +**What if my assumptions are significantly wrong?** + +Based on the assumptions stated above, the revenue will grow by 280% to $16.8b in the next 10 years and the target operating margin is 25%. + +Let's take a look at how the valuation of the company (per share) changes based on different assumptions related to the revenue 10 years from now and the operating margin: + +|Revenue / Op. margin|20%|25%|30%| +|:-|:-|:-|:-| +|200% ($13.3b)|$5.4|$7.3|$9.1| +|280% ($16.8b)|$6.8|$9.1|$11.4| +|350% ($19.8b)|$8.0|$10.7|$13.4| +|550% ($28.6b)|$11.5|$15.3|$19.1| + +There's a lot of uncertainty ahead of Snap and its success depends on many variables. At the current level, it can also be an interesting acquisition target by the larger companies. + +I'd like to get your feedback regarding the post and feel free to share your thoughts. +NMGRF - Nouveau Monde Graphite Inc. + +https://finance.yahoo.com/quote/NMGRF/ + + 1. Got approved by Quebec Goverment to mine 100k tons of graphite a year. + + 2. Quebec is a Investor in the Company. + + 3. They want to uplist to NYSE or NASDQ + + 4. The Mine will produce 99%+ quallity graphite and they will have a value added facility to get it to Battery grade one ton of Battery grade Graphite costs 4k -20k + + 5.carbon neutral mining will help them apeal to customers for example EV manufacurers might want to market their car as Carbon neutral. + 6. Plans are to scale to full producrion by 23/24 + + 7. current market cap is about 600 mil a little high for a Company that only mined test runs so far. + +What do you think is this still a value stock given the future upside. i know it obviusly isnt rn since they are just starting but still potencial has a value. Im really unsure +Graftech is a leading producer of Graphite Electrodes, a critical component for EAF steelmaking. There is no substitute for that product. They have one of the biggest facilities that produce the graphite electrodes in the world and Graftech is the lowest cost producer in the world. They account for 24% of global production. + +Unfairly Valued + +Graftech is a special company, an overlooked one as well, basically due to their debt levels and the Brookfield Asset Management ownership stake in them. In 2018 they became public, and BAM being the largest shareholder with 79% ownership of the company, scared away investors because of the constant thought that they might act against shareholder wishes. Since then, BAM ownership has been lowered to 24%, which gives us investors tranquility. Another concern ongoing for shareholders was their debt. Graftech went public in 2018 with a long term debt of 2.4B. It was fair for people to react like that after they issued the debt, I wouldā€™ve reacted the same way if I was invested in it at that time. But since 2018, they have lowered their debt from 2.4B to 1.3B in 2021. This provides so much more flexibility in the balance sheet and provides more confidence for the management to be able to distribute capital to shareholders and back into the business. Since these two ongoing concerns are being worked on, I don't think Graftech is being fairly valued in the market. With Graftech now in full control of their own company, and lowered debt that provides flexibility, I think there is a huge upside for this company and people are not realizing that there is a limited downside, a small one. People fail to see into the future, and what Graftech can become when countries starts to demand a more environmentally friendly procedure for steelmaking. + +Key Drivers for Graftechā€™s Success + +Graftech has had a good performance in the last few years. Since it's a commodity business, revenues have been going up and down between the years. But here is where Graftech succeeded. They came up with the idea to reduce those price movements and established LTA with their customers. Since graphite electrodes are a lengthy process to make, buyers sign a contract for the amount of graphite electrodes they will need for next year and a fixed price is agreed on, generally way higher than spot on prices. Because of this, they were able to maintain themselves during the pandemic and were still able to generate a big profit and high cash flow generation. They made their financials predictable.Ā  + +Low cost has also been a key driver for Graftechā€™s success. Since their facilities are one of the biggest in the world and are strategically located, they are able to reduce operating costs and expenses. This is one of the reasons why I think this business is very attractive. They are a low cost producer, with high margins, and a high ROIC and ROA. + +Buffets Moat + +Graftech is vertically integrated and owns the second largest petroleum needle coke producer in the world. Petroleum needle coke is the primary raw material required in the graphite electrode production process. Since 70% of the petroleum needle coke they get is from Sea Drift, their wholly owned subsidiary dedicated exclusively to the production of coke needles, they are able to get an advantage and get the needles for a lower price than their competitors, thus, having a better economic advantage than their competitor. Another advantage Graftech has by owning SeaDrift is the ability to still be able to produce Graphite Electrodes and have delivery on time even though coke needles are in short supply due to the high demand of coke needles on the electric vehicle industry used for lithium ion batteries. I think this is a sustainable competitive advantage that will keep Graftech at the top of its game for years to come and ahead of the competition. + +Graftech also has a service for EAF users called ArchiTech which is basically a system to manage customerā€™s Electric Arc Furnaces. Graftech is the only Graphite Electrode producer that engages with customers that way and provides a service for their customers to better manage the efficiency and reduce cost for their EAF. ArchiTech helps EAF owners to reduce cost, increase productivity, and it provides powerful insights.Ā  + +For a Greener World + +The world is constantly moving to a greener way of doing work and living. Since the switching from gasoline vehicles to electric vehicles, the same is being done with steelmaking. The world is switching from BOF to EAF because it is a more efficient way of doing steel and also a greener way. Governments from different countries are starting to worry about the environmental impact BOF has and are going to start demanding the switch from BOF to EAF. Graftech is well positioned for that change. As a supplier of the main component needed for EAF steelmaking, Graftech has facilities in different countries, countries in Europe, America, and Asia. I see EAF becoming the same as Electric vehicles. Becoming the dominant way of transportation and the dominant way of steelmaking because it has a greener output on the world. + +Management + +I think management has done a great job on working things out during the pandemic. They cut the dividend pay to retain the cash flow generated and focused on debt repayments and putting back into the business to reward shareholders in the long term. If they wouldā€™ve kept the dividend, they would not be able to reduce debt the way they did 2020-2021. I think management has done a great job allocating capital with the majority of the money going towards debt repayments and a small part in buybacks. Management is definitely thinking on creating shareholder value and finding ways on how to reward us while still being able to provide flexibility by paying down the majority of the cash flow on debt. 2021 will still be focused on debt repayment which I think is a really good idea because it will benefit the company in the long term, rather than just allocating capital poorly, giving to shareholders when there is no need to do that. + +Valuation + +A market cap of 3B is insanely low for a company like Graftech. They generate large sums of free cash flow, with a P/FCF of only 7, and a P/E of 7 as well. They generate large sums of profit every year with an average profit margin over the last 3 years of 30%. There are not a lot of businesses these days that are able to have that high of a margin because of the competition nowadays. They have a 5 year average ROIC of 33% and ROA of 28%, it's just incredible. This is a quality company that would definitely compound over the years, and will provide high rates of returns. Graftech has a current ratio of 3.2, proving they are very liquid and are able to meet their current liabilities every day of the week. If P/FCF and P/E gets to a normal level, somewhere around 15, we can see Graftech trading at 6.4B in market cap. We have a huge margin of safety here which is why I like this company. The valuation and the quality of the business makes this an attractive investment in a quantitative and qualitative aspect. + +&#x200B; + +I would appreciate feedback from you guys! + +&#x200B; + +Thanks for reading. +Cardinal Health is currently the 14th highest revenue generating company in the United States with. They distribute pharmaceuticals and medical products to more than 100,000 locations as well as manufacturing medical products and provide medical products to over 75 percent of hospitals in the United States. They meet my ā€œbuyā€ criteria as of September 2021 for large cap pharmaceutical stocks. + +In this video, I am going to explain why in 2021, Cardinal Health should still be a staple in your long term dividend stock portfolio. Never invest in a business you donā€™t understand, so in this video, I am going to be providing a full picture look at the business and future of Cardinal Health stock: + +[https://youtu.be/cLOWDwWh9R8](https://youtu.be/cLOWDwWh9R8) +I was wondering your thoughts on Nordstrom (JWN). I bought at 12 and now have an 100% gain on the stock. I realize quantitatively, this is not much of a value stock because of the debt they carry. Although in the past they have been profitable and their income trend line has been increasing over the years. Their debt does concern me with a .87 debt/equity ratio but I know a lot of retailers work on slim margins. Their earnings report the last few quarters have shown a 50% increase in e-commerce sales. I bought at a 2b market cap which I thought was extremely undervalued because their debt was worth 3x as much as that and I didnā€™t see them going bankrupt. Qualitatively they do have a very good reputation and strong loyal customers. Unlike Macyā€™s and Jcpenney they sell to higher end buyers and donā€™t have to rely on huge sales. Also their Nordstrom Rack has helped generate solid cash flow as well. I am just wondering if I should sell and take profits or hold long term? I originally wanted to hold long term but did not expect this stock to shoot up like it did. Thanks! +Prosus is a holding company that owns tencent and has a 40% discount to NAV. + +In 2001 they took a stake in Tencent for 30mn. That stake is now worth 270bn šŸ˜©. If you don't know what tencent is, they are pretty much all you would ever want in a stock. They are the second video game producer in the world and have stakes in hundreds of sick companies ( JD, Epic games etc). + +Prosus uses the dividends from tencent to invest in world class companies. Some of these companies include udemy, delivery hero and many more. + +Prosus is becoming the berkshire of the future. You get tencent at a discount and get the rest of their portfolio for free. + +They just issued a massive share buyback of 5bn. +Hi UKPF + +My friend has mentioned this sub to me and Iā€™ve been reading it all day, Iā€™m so motivated to change my life around! + +Iā€™m posting this on a new account as this is a private topic. + +I have spent all morning working out what I owe and a budget to pay it back and Iā€™d love someone to take a look over my budget and see if Iā€™ve missed anything out or can cut any areas down. I have used the UKPF flowchart advice for this. I am in this situation due to a gambling addiction that I have kept secret, none of my family and friends know. Iā€™m at breaking point and am sorting my life out. + +Current debt is ~Ā£33k, this includes overdrafts, credit cards, loans and debts to friends + +My plan is to repay at least Ā£1k a month to these plus my two minimum loan payments (Ā£342) + +Budget, fixed expenses + +Rent - Ā£275 +Car - Ā£210 (until car lease expires and then I will buy a cheap car until it breaks) +Phone - Ā£45 +Car insurance - Ā£45 +Loan repayment 1 - Ā£160 +Loan repayment 2 - Ā£182 +Food - Ā£300 +Petrol - Ā£100 + +Discretionary expenditure +Eating out, hobbies, entertainment, saving for events, Ā£210. + +Total is around Ā£1500. + +My take home pay is around Ā£2500. + +This gives me an additional Ā£1000 a month to repay the debts, Iā€™m planning to start paying off my lower limit credit cards and cancel the accounts, then my higher limit credit cards, then my overdraft, then the loans. + +Please let me know if you have any advice. Iā€™d also love to pick up extra online work and put all the money towards paying these down if anybody has any suggestions. + +I either do this now or my life is ruined. I already know I have made a massive mistake wasting the last 10 years of work losing my pay cheques. + +I also have around Ā£25k in my pension pot that I would love to use to pay these down but I donā€™t think thatā€™s possible? + +Thankyou all +Greetings, + +Wondering if there any experts on the subject who can offer an insight. + +We filed for a charge back claim with VISA under 13.1 services not received when airline cancelled a flight and declined a refund of the ticket price to us + + VISA declined the charge back saying that: + +>if the merchant has not provided the service due to a government-imposed prohibition, the cardholder does not have a dispute right. Government regulation and/or law supersedes Visa rules on dispute rights. The cardholder should work directly with the merchant to resolve. + +Here is a twist: The airline company in question is Ukrainian and under Ukrainian aviation law "circumstances outside of their control" (i.e. government regulation) frees them from a need to pay a fine under the Montreal convention but does NOT free them from a responsibility to return full price of the ticket for the service that wasn't provided. + +VISA clearly didn't give any care to read country specific laws and we are now stuck with a fraudulent airline that has nothing to lose and will do everything to not give us a refund. + +Our bank (Revolut UK) says that they can not file an appeal with VISA + +Is bank in the right? + +Is VISA in the right? + +What can we do? +I am 36 happily married and got a 4 year old girl. I am very very afraid of big purchases , I am just not able to clearly think whether I need something or not and itā€™s adding enormous stress to my mental well being. + +I migrated to Australia 3 years back and since then I am working my ass off to earn money and keep aside for big purchases. But when the time comes to purchase anything then am acting like a pussy. I didnā€™t have a car yet and to put 20k as well for a car am thinking 1000 times, forget looking for houses. + +Whatever money I earned during these 3 years are enough for a decent 20k car and a 10% deposit for a home (assuming under 600k, LMi is not an issue as I work for one of the big4). But yet somewhere my fear of letting go the money is making me fall behind. + +Is it any money phobia.. canā€™t say .. am just coward who has no confident to take decisions ? + +šŸ¤·šŸ½ā€ā™‚ļøšŸ¤¦ā€ā™‚ļøšŸ˜­ +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 used to be skeptical of the whole gamestop moass thing but I finally decided to stop just assuming you apes were deluded and the whole thing was already over and actually *looked into it* and I think you guys might be on the cusp of something insane. + +Historical maybe. + +I hope it happens for you guys (well actually now I know it basically *has to* especially with the DRS'ing, the improved financial situation at GME and the upcoming NFT thing) and I am here to say good luck with the earnings call and press conference (there is a conference after/the next day, right?) and I hope you guys blow this whole shit apart. + +A lot of people have rolled their eyes at you guys, myself included and in the next few weeks you might make the entire fucking world take notice and all of us smarmy skeptics will eat a ton of shit. *And it will be glorious*. + +I hope those shorts went long on lube 'cause they're about to get *fucked*. +Doing some late-night browsing for news and thought I'd post an update on the always-changing China Evergrande Group situation. The below screenshots are taken from Bloomberg, but I will sum up the screenshots for those who are pressed for time or prefer TLDR's. + + +**PREFACE**: In light of the recent events surrounding Evergrande, and its effects on the Chinese real estate market, the Chinese economy overall, as well as the US real estate market and economy, I thought it appropriate to make a little DD on the matter; specifically Evergrande's risk. + +At present, there is much chatter in the ape community about the effects the real estate giant will have on the global economy. Being the second-largest real estate developer in China, Evergrande has recently been thrust into the spotlight, as it has recently defaulted on interest payments stemming from their over $300B in debt obligations, as well as a likely \[soon to be\] bankruptcy. + +According to the following Reuters [article](https://www.reuters.com/markets/rates-bonds/whats-next-china-evergrande-after-missing-coupon-payments-2021-12-07/), Evergrande's "liabilities involved as many as 128 banks and over 121 non-banking institutions", according to a leaked letter. In addition to the aforementioned banking and non-baking institution, the collapse of the real estate giant could set off a catastrophic butterfly-effect chain of events that could send international markets into correction. + +**Update** + +Debt-stricken China Evergrande group has a long road ahead of them. The Chinese real estate developer will likely not be receiving a bailout, an idea that has been floating around the world economy for some time since this sage has begun late last year. On December 9, 2021, People's bank of China (PBOC) Governer Yi Gang said Evergrande would be "dealt with in a market-oriented way". By this, Yi Gang meant that the measured that would take place with Evergrande would be in the best interest of China and not the developer. The Communist party and PBOC have stepped in on behalf of Evergrande to help quash fears among investors and would-be tenants, and dent restructuring on the horizon. + +The notable list off-shore bond holders contains some large names such as Ashmore Group, BlackRock, Inc, and Allianz SE; a full list of current bond holders can be found below. + +When it comes to these off-shore note-holders, however, they have little to no power, and will likely be at the mercy of the restructuring process and whatever comes from that, as senior debt holders and on-shore obligations will be prioritized. While a few brave and well-funded investors are looking for legal advice and counsel, the majority of off-shore note-holders will likely be weary of pursuing taking any action against the embattled developer in hopes to obtain or recoup interest payments, with the government's involvement. + +To the surprise of no one, the developer has the highest outstanding off-shore dollar bond obligations, easily tipping the scale with a sizeable $19.2B in obligations. A more detailed breakdown of Evergrande's dollar bond obligations can be seen below. + +In the wake of defaults by giants like Evergrande and Kaisa, contagion is quickly spreading. Other notable Chinese real-estate players feeling the heat are Fantasia Holdings Group, Sinic Holdings Group, Modern Land (China) Company, and Shinmao Group Holdings. + +Risk of further defaults remain a strong possibility, as more and more developers sell less and less bonds domestically. + +https://preview.redd.it/w2kte31xj0b81.png?width=670&format=png&auto=webp&s=e843a04cdb59bb3969e94b9cb975e0e4ad2e8adc + +https://preview.redd.it/u47x1u0xj0b81.png?width=671&format=png&auto=webp&s=220552f514b27ef619a41f65f5734618922a8a9b + +https://preview.redd.it/ntp3ny0xj0b81.png?width=709&format=png&auto=webp&s=abb2ca972ec6ace3fd6b8150a0be52e8ac10383a + +https://preview.redd.it/61wco51xj0b81.png?width=730&format=png&auto=webp&s=8f10479f8e2b6916855e57a8883e66a05048f201 + +[https:\/\/www.aljazeera.com\/economy\/2021\/10\/22\/bbchinas-evergrande-pulls-back-from-default-with-bond-payment ](https://preview.redd.it/wavs161xj0b81.png?width=682&format=png&auto=webp&s=43ebcb12198d3d1c311443d25c3eb9776a949829) + +&#x200B; + +https://preview.redd.it/8p9968ekq0b81.png?width=953&format=png&auto=webp&s=9df1d2713614ada80587abb2ea6e8b5eb2a1f74f + +https://preview.redd.it/8xq8hzdkq0b81.png?width=951&format=png&auto=webp&s=7863485000e88f0d240832109c0a01a6e5a6778b + +https://preview.redd.it/n011m2ekq0b81.png?width=952&format=png&auto=webp&s=e713911f9f6069a6a2c7fffc036d9c25d6995d8e + +https://preview.redd.it/kp6953ekq0b81.png?width=952&format=png&auto=webp&s=81d7061b65a1d9d5367dbf901a2c536695c0f4a7 + +https://preview.redd.it/fp6po5ekq0b81.png?width=951&format=png&auto=webp&s=e1be19b956e7a463d7f7a48882bae436e5721d47 + +https://preview.redd.it/u3jy39ekq0b81.png?width=949&format=png&auto=webp&s=41af4068c0683265c80f09188d0267dfb0be5ff1 +This stock is talk about a lot on this sub. The growth looks good, but I donā€™t think it warrants the current stock price (P/E ratio is around 40 right now). It doesnā€™t pay huge dividend either. Is it because Charlie munger is invested? +Im really new to this investing thing, and I hear the advice about buying ETFs that track the S&P. I KNOW thats the go to answer for newbies. My question is specifically about trying to "swing trade dividends". Simply put, whats keeping yall from buying stocks specifically for the dividend in a few days and then sell to take that profit to the next dividend paying stock? Im hoping im articulating this correctly. +Ok. I am a long term investor and believe in buy and hold of what I believe are a portfolio of top quality stocks. I have about 10-15 stocks that I follow closely and anyone of them, I could hold for 10+ years. + +Here is the dealā€¦I have a small individual account with about 25k in it. As I observe individual stocks having quick runups or sharp declines, I will buy in and out for 3-5% profits. I then take the proceeds from what has run up and reinvest in stocks that have run down or have upcoming exdividend dates. I only do it with the 10-15 that I closely watch and believe in. I never sell for a loss and will hold the stocks in perpetuity until it rises or unless something at a fundamental level has changed. And I donā€™t do this with all 25k. I might only sell in and out of 10% - 20% in a given month. So far this year, I have 1k in gains purely through this strategy and have collected another 1k in dividends. I actually get more dividends through this strategy as well. So real gains are 2k to buy more shares. I am still down for the year based on market conditions but have dcaā€™d down and bought more shares through the process. Those shares that are down,like VZ and mpw, I am content with a 7% and 10% dividend until it recovers. + +Do others do this? I could see this significantly over performing in a down or sideways market but suboptimal in a up market. But if you buy and hold through market downturns over 30 years, it could be far superior as you are always locking in gains. +Looking at putting some money into SDIV. Shows a 12.25% yield (9.71% sec yield) with an expense ratio of 0.59%. + +Seems too good to be true , whatā€™s the catch? What am I missing that is pays double some of the mainstream dividend funds such as SPHD or VYM. + +Thanks ! +Hey all, I have been investing for a couple years now and recently started to consider dividend investing seriously (due to inflation). I use M1 mainly for my dividend portfolio and wondering what brokerage do you guys use? I really like the transparency and communication of M1 and also the set it and forget it style of the pie. Is there anything else out there that I'm missing? +Ok. I am a long term investor and believe in buy and hold of what I believe are a portfolio of top quality stocks. I have about 10-15 stocks that I follow closely and anyone of them, I could hold for 10+ years. + +Here is the dealā€¦I have a small individual account with about 25k in it. As I observe individual stocks having quick runups or sharp declines, I will buy in and out for 3-5% profits. I then take the proceeds from what has run up and reinvest in stocks that have run down or have upcoming exdividend dates. I only do it with the 10-15 that I closely watch and believe in. I never sell for a loss and will hold the stocks in perpetuity until it rises or unless something at a fundamental level has changed. And I donā€™t do this with all 25k. I might only sell in and out of 10% - 20% in a given month. So far this year, I have 1k in gains purely through this strategy and have collected another 1k in dividends. I actually get more dividends through this strategy as well. So real gains are 2k to buy more shares. I am still down for the year based on market conditions but have dcaā€™d down and bought more shares through the process. Those shares that are down,like VZ and mpw, I am content with a 7% and 10% dividend until it recovers. + +Do others do this? I could see this significantly over performing in a down or sideways market but suboptimal in a up market. But if you buy and hold through market downturns over 30 years, it could be far superior as you are always locking in gains. +I did not know what i was doing with etf in the beginning so i bought 1 stock of each. I thought spreading it would be good in the long run but it doesnā€™t seem like the case, I wanted some international ones too. +Asking for suggestions i realize now i have way to many and not sure which ones i should keep to maximize dividends. + +Heres my list. +VWO +VYMI +VNQ +VOO +VXUS +VTI +SRET 3 +QYLD +PGF +PEY +SPHD +DGRO +EMB +DIA +SPY +O +Is there a certain app or anything y'all use to track your dividend portfolio? I just have a note in my phone long term holder wanting to move to more dividend plays soon +Hello Brain trust + +For someone getting closer to retirement, will it be a good idea to invest 95% of money into dividend paying stocks (lets include growth stocks also - SPY, VOO, SCHD, VYM etc.)? + +Or would you prefer to have multiple streams of income and lets say decide to invest some in dividend stocks and some in real estate for rental income? What are some other methods of generating passive income during retirement years? + +Please share your advise. +Do you have Verizon in your dividend portfolio and what would be your future course with the stock having plunged around 35% this year. No amount of dividend will be able to make up for the loss in value we have seen so far.. thoughts? + +Also are you adding to your position or just holding at your current levels? +Since alot of u guys here use stock events, I got a quick question. +Can't seem to find the answer on Google or yt. +How do u guys add re-invested dividends in the app so it lowers your overall PnL? +Since I get it payed out in my broker account I can't use the drip option. +Just curious if somebody knows a quick solution. +Hello all, + +Long time lurker, first time poster here. I am an American abroad and looking to live off of dividends within 12-14 years. I have $130K to invest on top of my existing $34K already working for me and will be making an additional $15K payment each year. I am here to say that I have been watching/researching for over a year and will pull the trigger soon. I am in MO, O, and have a small position in ABBV now. + +I am asking for advice on which of these remaining tickers should join those first three. + +ORI, MFC, PRU, UNM ( i like insurance but will not go over 25% in any one industry), ABBV (again for a larger stake), T, PM, AVGO, OZK, SYBT, RBCAA, CME, MMM, JNJ, GILD, WLKP, or WBA (add one if you think I missed one). + +I chose these based on Payout ratio, 3yr and 12yr div increase (12 year because it covers this CoVid time and the great recession of 2008 PLUS I would like to retire in 12 years), 3yr revenues, free cash flow. I should care more about P/B and value but honestly, I don't care if the div and $$$ are there. + +I will be looking at a $10K to $15K position per ticker so I cannot choose all of them but can come back in a year when I am ready to inject the $15K/yr. + +Thoughts?? +Lets say I have 100 shares of O. I dont add more for the next 10 years and they dont increase or decrease their dividend. They are paying about $.24 per share. +10 years from now is doubled. My shares is 100 but the valuation is double. However, I am still earning the same dividend 100x$0.24 correct? + +Thanks for helping +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. +Many assets that are considered to have low correlation with the S&P became more highly correlated in 2008 during the crash. Any recommendations would be appreciated. +My mum was orphaned from her family and grew up from institution to institution. She was homeless, in prison, and eventually died when I was 16 due to her alcoholism. + +My dad divorced from his first (and only) marriage, and had an unplanned pregnancy resulting in me sometime after with my mum. He was also an alcoholic and he wasnā€™t very present in my life. + +While I grew up mostly with my dad, I canā€™t say that he ever *raised* me. He worked constantly to try and make ends meet. Out by 5am, home by 8pm where heā€™d do maintenance on the car so that it would get him to work again the next morning. He was a grinder and did everything he could to put food on the table and a roof over my head. And Iā€™m grateful for that... but itā€™s just that I needed more than just a provider. I needed a mentor too. + +I eventually left when I was 16 and have gone through life largely alone until now. + +And Iv made some very life altering mistakes in my 20ā€™s due to a lack of people in my life to help me watch out for those pitfalls. And at 32, Iā€™m still paying for them now. Iv blown opportunities, chosen the wrong decisions, and just genuinely made a mess of things. + +Itā€™s only been in the last few years that Iv started making progress. I fell homeless for the 2nd time in 10 years in September 2017, and for me, that was the last straw. It was then that I vowed to change. + +But it all feels like too little too late. I have some savings now, and Iā€™m about to graduate from the degree thatā€™s taken me 8 years to accomplish. But thatā€™s it. + +I feel discouraged when I see others at my age and younger boasting out their hundreds of thousands of dollars in net-worth, getting these massive inheritances, and just genuinely kicking ass in life. They made all the right moves early on with a bunch of support in their corners - and Iā€™m genuinely glad for them. + +But it just kinda stings when I reflect on the lack of support in mine, and the subsequent beatings iv taken because of it. This is not to say that Iā€™m blaming my short comings on other people. In the end, I know that itā€™s all up to me and that Iā€™m accountable. I guess itā€™s just hard at the same time to not also focus on some of the basic fundamentals that I missed along the way. + +I just genuinely donā€™t know how to excel, the steps that I need to take, or the plans I need to put in place. Iā€™m scared of making more mistakes, and I donā€™t have the smarts to know exactly how to form my plans for the future. + +All I know is, I want to be successful financially and I want to contribute to those around me. + +But I donā€™t know where to start, or how to go about it. Iv reached out for help plenty of times - asking for mentoring, even through just one or two email dialogues per month, but most of those people never replied or wanted to help. + +So itā€™s just me. And I guess Iā€™m asking for a little advice.. + +Thanks a lot. + +EDIT: +Since some are asking me what my direct circumstances are, here they are: + +I moved to China to teach English in 2018. +While there, it took me about 9 months to get out of debt and put money into savings. + +Before the Coronavirus hit, I managed to save about 25k USD, and used some of that to purchase camera and film equipment because I like cinematography and photography. + +I havenā€™t worked since the coronavirus hit, and have been living in Mexico for 6 months. Iā€™m here because my fiancĆ© is from Mexico and we can stay with her parents. Itā€™s also a good place to lay low and spend as little as possible. + +Since then, I havenā€™t touched any of my savings, and just living off a little of the wage I was earning still from China teaching my classes online. Itā€™s not a lot, but itā€™s enough to stretch out extra thin here. This wage, however, stopped last month. Now Iā€™m scratching my head on what to do for an income. + +In China, I was making about 3k USD per month, and saving about 50-75% of that depending on expenses. + +I plan to go back as soon as the boarders open again, and am considering to do a Masters in Education in February next year. + +My goal is to use my degree that I will get this December (itā€™s a degree in ministry and theology) as a qualification to continue as an English teacher in Asia where the salary is high compared to the cost of living. + +Iā€™ll most likely keep doing that, and saving, while I do my masters in education part time and online in the evenings. + +So until then, I have about 20k USD in savings, and am waiting to return to work when the boarders lift. +From what I have seen, historically, reinvesting your dividends leads to significantly greater returns vs not reinvesting them. Why are so many people proponents of giving up the extra compund growth from reinvested dividends? + +I understand the appeal of having "passive income" but to me it seems like stealing money from your future self. Unless I have a gross concept error on what living off dividends really entails, I can't help but think people are too enamored with "free money" to consider the gains they are giving up as a consequence. + +Edit: My question stemmed from a concern that dividends were being portrayed as a form of passive income before retirement, I understand that once you are no longer working you have to have a way to continue to support yourself and your family. Nowadays there is so much hype about trying to find more ways to make money outside of your a job, and personally I think that while you're still working dividends should be considered passive investing (kind of like 401k matching) rather than passive "income". + +So a better and slightly different question is, why do so many people like the idea of having 100% of living expenses covered by dividends? It almost seems like it contradicts the idea of having a diversified portfolio. Would it not be better to withdraw a set amount from a diversified portfolio rather than relying solely on dividends? +cue tiny violin... but this year, due to a stock buyout, a new role, and significant commission, my income for this year will be more than double what it was last year, from about $80k to about $170k. I feel like I have a good handle on personal finances (have socked away about $70k in an investment account, maxed out a 401k and roth IRA, and have not increased my spend by much). What I would like is advice on how to handle this increase, presumably going from one tax bracket to the next, and now having maxed out my retirement fund options. What's next? Should I get a financial advisor? Keep putting money in investments? For context, I'm 35, single, no kids, no debt, rent my home, and am starting a new job where i will make about $150k next year. What should I be thinking about for the next several years re: finances? + +Edited to add: I would love it if simply donating a chunk of money would drop me into a lower bracket and end up saving me money :) i have several causes I would love to contribute something significant to! +Iā€™m 41, married with young children. I havenā€™t worked for 10 years but my 401k has still been slowly growing from past employer. My 401k is about 70% of what we still owe on the home. +Is there a way to use my 401k towards my house with no or very low penalty? I would not plan on paying it back either. +If not, whatā€™s the best way to handle an old 401k? Iā€™m unsure of when Iā€™ll be returning to work full time. +Thank you. +I wanted to put together an early tax guide for those who have recently joined the cryptosphere, in an effort to help promote responsible crypto trading and investments. It's actually quite easy, but can be time consuming if you've made a lot of trades throughout the year. + +In the U.S., the cryptocurrency tax rate for federal taxes is the same as the capital gains tax rate. In 2021, it ranges from 10-37% for short-term capital gains and 0-20% for long-term capital gains. In the US, crypto-asset gains are calculated using two factors: your income bracket, and how long you have held the cryptocurrency. + +**Pay your taxes** \- I cannot express enough how dangerous it is not to. It could take months or years to get caught, but you could suffer from liens, levies, or seizure of property. The IRS is not worth messing with, and U.S. exchanges are now cooperating with them. + +For volume over $20,000 or if you have over 200 transactions on an exchange, they should send you a Form 1099 at the end of the year. This means your cumulative income has been reported by the exchange to the IRS and your tax return will need to reflect detailed trading activity. + +**Take note:** [The Wash Sale Rule](https://www.investopedia.com/terms/w/washsalerule.asp) still does not apply to cryptocurrencies, but [that may change soon](https://www.thestreet.com/retirement/cryptocurrency-may-soon-be-subject-wash-sale-rule). This means you can legally sell to claim losses up to $3,000 on December 31 and then buy back in on January 1, as opposed to the 30-day rule in securities. This strategy is known as Tax-Loss Harvesting. + +# The easy way to file: TurboTax + CoinTracker.io + +TurboTax has integrated with CoinTracker.io to make this easy-peasy. If you've made fewer than 25 transactions in 2021, CoinTracker has a free option. For up to 100 transactions, you'll have to pay $59, or $199 for up to 1000 transactions. + +CoinTracker can also [directly connect to your accounts on popular exchanges](https://www.cointracker.io/exchanges), such as Coinbase, Gemini, Binance, KuCoin, HitBTC, Gate.io, Robinhood, Cash App, Uphold and more. It will download your trade history from each exchange and calculate any capital gains you've made from those trades. Optionally, you can upload a CSV file to CoinTracker from these exchanges (so you don't have to "link" the account using an API key if you are uncomfortable with it.) + +Once you have completed syncing your trade history with CT, you will need to connect it to your TurboTax account. TurboTax will generate a Schedule D and Form 8949 with your gains and losses. + +**If you decide to do your own taxes** and not use a service like TurboTax, you will need to download [Schedule D](https://www.irs.gov/pub/irs-pdf/f1040sd.pdf) and [Form 8949](https://www.irs.gov/pub/irs-pdf/f8949.pdf) and complete these yourself. + +# How to get your trading history: + +To manually generate CSV files without linking your exchange to CoinTracker, follow these instructions per exchange. Use a desktop or laptop - some of these features are not available on mobile. + +You can also use these documents to show proof of income with your bank or lenders in the event you need it for a loan application. + +Coinbase + +1. Log in to Coinbase on a computer. +2. Click your profile icon in the top right corner. +3. Click Reports. +4. Scroll down to Transaction History, choose 2021 as the year (this will be available after Dec 31), and click the "Generate Report" button next to CSV report. + +Coinbase Pro + +1. Log in to Coinbase Pro on a computer. +2. Click your profile icon in the top right corner. +3. Click Statements. +4. Click Generate->Account and set the start/end dates. Set the format to CSV. +5. Click Generate Report and an email will be sent with a link to the CSV file. + +Binance.us + +1. Log in to Binance.us on a computer. +2. In the top menu, click Orders->Trade History. +3. Click "Export Trade History" on the right. You can only export 3 months at a time, so you may need to use custom date ranges 4 times to get the full year. + +Gemini + +1. Log in to Gemini.com on a computer. +2. Click Account->Balances on the top right. +3. Click the Download icon on the right, and either choose Tax documents (PDF) or History (XLSX) + +Kraken + +1. Log in to Kraken.com on a computer. +2. Click History, then click Export. +3. Change your Date Period to Year to date, Last Year or set a custom range, then click Submit. +4. Wait a while (it took me over an hour in queue). + +Uphold + +1. Log in to Uphold.com on a computer. +2. Click Activity on the right. +3. Click the download icon at the top right of the transactions table, then click Transaction History. You will be prompted stating you will be sent an email with transaction history. Click the "Generate Report" button, then check your email. + +Cash App + +1. Log in to Cash.app on a computer. +2. Click Statements at the top right. +3. Click Export CSV. Cash App also has monthly statements, and they do not have the best options available for crypto trade history; they may show up alongside any other cash transactions you've made with the app. + +Gate.io + +1. Log in to Gate.io on a computer. +2. At the top-right, click Order->Spot Orders. +3. Click Trade History in the left column. +4. Choose your date range and click the Filter button. +5. Click the Download button at the top right. + +&#x200B; + +Other exchanges should also have a trade history available, but you may need to hunt it down. Hopefully, the above lists will cover most of our users. + +If I've missed anything here, please comment below and I will make changes as necessary so this post can reflect the appropriate information needed for upcoming 2021 tax returns. + +&#x200B; + +Edit: /u/starzychik01 pointed out some alternatives to TurboTax and CoinTracker. Using FreeTaxUSA.com and Koinly.io - I'll have to look in to these to investigate further. + +Also, if you are using a CPA, you will need to provide them your trade history. Your trades need to be entered in Form 8949. A 1099 only shows cumulative income and not each taxable event. + +Yes, you still have to report DEX trades. Obtaining the trade history will vary depending on which DEX you use. +I got into some financial trouble around 10 years ago with payday loans, credit card and an overdraft. I buried my head in the sand for a while but eventually contacted StepChange and cleared it all off. + +I ended up with two defaults on my credit report that have been hanging around like bad smells and the last one dropped off today. + +It was an amazing feeling when I was no longer drowning in debt and even better now my credit report is clear now. + +Iā€™m currently looking to buy a house and itā€™s a huge weight off my mind. +I'm planning a trip to Argentina and they have two different exchange rates there. There is the official exchange rate that you would get at a bank, and an unofficial exchange rate. I've been trying to understand how this works, but once I started reading about "blue chip swaps" and Argentine debt being bought and sold overseas I got a little lost. + +[Here](http://online.wsj.com/article/SB10001424127887323582904578489470877343446.html) is an article on the Wall Street Journal that I found about it. [Here](http://latino.foxnews.com/latino/news/2012/05/19/argentina-currency-black-market-expands/) is another one that I found on Fox News. +Hi everyone. As the new year rolls over, we recently passed 50k subscribers. While this would be a good thing, 50k is that point at which the popularity problem begins to emerge. Someone on /r/investing commented that (paraphrasing) "this used to be a specialty sub, now it's basically /r/personalfinance and morons". + + +Now I and the other mods do our best to not have this be the case, but it can be challenging when we are, you know, working. Common complaint is "we need more industry people!" But industry people are naturally driven away by the influx of outsiders - harsh but true. I think we have solid regulars and the Monday thread has worked well to capture the questions. What do you all think? +https://www.cnbc.com/2021/01/22/gamestop-soars-nearly-70percent-trading-briefly-halted-amid-epic-short-squeeze.html + +GameStop soared as much as 69.4% to a high of $72.88 on Friday, bringing its gains to over 100% this week alone. + +GameStop has more than 138% of its float shares sold short, the single most shorted name in the U.S. stock market, according to FactSet. + +The stock initially jumped higher last week after the company announced that Chewy co-founder and former CEO Ryan Cohen is joining its board. +In almost every thread on this sub you hear two opposing arguments: +1. CryptoKitties proves that ETH isn't able to scale well enough for dApps +2. CryptoKitties proves that dApps are desired and ETH is a good product + +When considering these arguments, try to view ETH as a company that you are investing in. Typically when you look at a company you are sizing them up based on their leadership, dev team, and the MVP (minimum viable product). I think we can all agree that the leadership and the dev team are the best in the space. + +Now let's concern ourselves with the MVP with concerns to CryptoKitties. Prior to CryptoKitties there was proof that dApps worked but we had not seen a use for them that showed how popular they could be. CryptoKitties shows that the idea behind ETH/smart contracts is ground breaking. So if we're looking at ETH as an MVP we see that the idea for the product is a recipe for widespread success. + + Nice. We have a recipe for success, but we now have to consider the first argument, that ETH isn't able to scale well enough for dApps. This is true currently, but when looking at ETH as an MVP this isn't surprising. If we believe in the leadership and the dev team to solve the scalability problems, and we believe in the plan they have laid out, then CryptoKitties does nothing but bolster the ETH product as the closest thing to a success in the crypto world. With the success of CryptoKitties we can imagine **smart contracts as a means to wide spread adoption for crypto currency in general**. + + In my opinion, ETH is the most poised for success in the crypto space because it has proved itself the most. CryptoKitties is a great use case for ETH and shows that the future is bright. I believe in the dev team and I believe in ETH because of it. +Really being tempted to sell. I mean I've had balls of steel through out the dips and I've hodled through it all. It's like I own this money but I can't touch it and it could be all gone if Ethereum tanks. I've heard this is going to be a good month though. Need convincing to hodl some more. +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! + +LEGITIMATE ARGUMENT TO INVEST IN GME AT THESE PRICES (Short sqeeze and hype aren't reasons). + +Sherman started a turnaround of Gamestop when he first took over April 2019. He cut the dividend, began consolidation (cut some fatty stores), and began debt reduction. COVID threw a wrench in this because he didn't move online nearly fast enough. + +When Burry first invested in GME, there was a reason. What reason? He spoke with Sherman about his plans and thought they wouldn't just survive, but thrive. Cohen also had a similar situation, and later of course he got involved. Sherman listens to both, and in their letters to him they basically tell him where he fucked up and how to move Gamestop forward. + +Fils-AimĆ© the Nintendo guy that likes to turn companies around is added to the board. He turns stuff around as a hobby and is an insanely good marketer. This is shown in particular with his Nintendo of America endeavors. u/kitrosreddit told me not to forget about Reggie so I didn't this time (sorry to the 100ish people that saw this a few days ago) + +Next up we see the Microsoft deal. Although exact numbers aren't available that I can find, Gamestop will be receiving a royalty from gaming equipment sold via Microsoft. Microsoft is also expanding Gamestop's inventory on the inside and employees will use Microsoft software to run the stores. Microsoft doesn't want Gamestop to fail, nor will they let them. With 27% of new games bought at Gamestop and 40% of used games bought there, Microsoft saw an excellent way to try and compete this console cycle. + +We recently saw Gamestop's holiday earnings. With a yearly revenue of roughly $7 bil, they were unprofitable this year. The current P/S ratio makes no sense unless it is expected to go out of business (good luck) or that it will not grow significantly over the coming years (lol). However, this is expected to change with earnings starting in March. They are expected to continue to be profitable moving forward as well. Gamestop still has roughly $500 mil in debt. How are they going to pay this off!!!??? Liquidating stores and consolidation. This was a Cohen continuation idea that Sherman had started, just without the vision to make it succeed. A small stock offering (let's say 2%) would also leave them in an excellent financial situation. Additionally, we have the 300% YOY online sales increase, which accounted for over 30% of total sales. This is only expected to increase moving forward. While overall sales decreased by 3% YOY, inefficient stores were cut out of the picture. Comparative store sales increased by 5% YOY, but this was even stagnated due to state restrictions on 'nonessential' businesses. Places that had significantly fewer COVID numbers had over 30% YOY growth. + +Next, we have the Chewy powerhouses joining the board of directors. Out with the old, in with the new. Even though most directors were acquired in 2020, these new additions add incredible value to the company. Sherman listens to Cohen. Cohen and friends had some focuses at Chewy that led to insane amounts of profit. They focused on cutting costs and maximizing efficiency. Expect the same for Gamestop. This was something that can be effectively implemented with all the new leadership. All ears are on Cohen and his ideas to make Gamestop a 1 stop gaming shop. + +Most recently were the adds on 2/3/21 Francis: That AWS engineering guy that's now heading technology!? Nice. Durkin: Customer service VP from Chewy is now in charge of Gamestop's customer service!? Fuck yes Chewy has insanely good customer service. Krueger: Big filler boi from Amazon et all now running e-commerce fulfillment!? Dope. + +Conservative price target: $200 by mid 2021 with little hype and absent a short squeeze + +Tldr: Idc about a squeeze or hype but I like the stock. + +But what do I know I'm literally retarded and not a financial advisor... positions 5200 shares GME, 52x covered calls sold exp 2/12, 50x calls bought exp 2/26, a few bucks in cash waiting for a drop if it happens. Tell if I'm wrong somewhere with sources linked please and thank you. + +Edit: As requested, my average cost is roughly $60 after buying back in late last week. I had original shares at an average buy in of about $30 assigned to covered calls on 1/29. I believed the company had too much downside at those prices. + +Obligatory šŸš€ šŸš€ šŸš€ šŸš€ šŸš€ šŸš€ šŸš€ šŸš€ šŸš€ šŸ‘©ā€šŸš€ šŸŒ™ +As the title saysā€¦ I am smoothbrain and now sober smoothbrain, day 2ā€¦ (*donā€™t laughā€¦*) + +Really keen to do this as I personally find visual representations of info easier to process at times (depending how complex the concepts are). + +I only started learning with all you guys back on February 1st when I first bought shares and, although I have learned a lot, Iā€™d appreciate any help with ideas on how to convey some of the more complex parts of our best DD and even trading vocab - I can design and illustrate them to make them look sexy af šŸ¤“ + +Iā€™m currently working on some really basic infographics to explain the core concepts of short selling, etc, to potential new Apes. + + +Lastly thank you to the mods and everyone in this Reddit community who contributes or just lurks. This whole thing has fully reignited the part of me that loves to learn new things and dreaming (no, THINKING) bigger, something I was ignoring for ages. + +šŸ¦ šŸ’Ž šŸ™Œ šŸš€ + +(EDIT: I am a ā€œprofessionalā€ illustrator/designer by trade) + +(EDIT 2: any tips welcome šŸ™) +**You can skip to the conclusion at the very bottom.** + +**I wrote this a few months ago for my friends in tech, and the more time passes the more correct it turns out to be, so I wanted to share it with more people. Hope it is useful to yall.** + +The current nonfarm unemployment rate stands today at 3.6% in the US as of April 2022 + +[Source](https://www.bls.gov/news.release/pdf/empsit.pdf) + +The current CPI Inflation rate today stands at 8.3% counting food and energy + +[Source](https://www.nytimes.com/2022/05/11/business/economy/april-2022-cpi.html) + +You can control inflation by raising interest rates. Raising interest rates makes it so people loan less money, loaning money is how money is made for the most part. It happens because of the money multiplier effect. Which works kinda like this. + +Imagine Iā€™m a bank, and you deposit 100 dollars with me. Well as a bank I am legally required to keep 10% of deposits in storage (This is called [Required Reserve Rates)](https://www.investopedia.com/terms/r/requiredreserves.asp), just in case you want to come and take money out. So from your $100 deposit, I loan out $90 to Person 1. Person 1 now takes that loan and spends it wherever he wants. But I have to keep $9 of those $90 in storage by law. So I can loan out $81 to Person 2 and so on. + + + +[Money Multiplier Effect](https://preview.redd.it/1899omdljx591.png?width=753&format=png&auto=webp&s=fe2a034e1129b036f70ec773a28ae58a113c16f8) + + + +If we make accounts and sum out all the money that I ā€œhaveā€ as a bank, it's 100+90+81+72.9+65.61 and so on. In total for just these accounts you see on the graph. I as a bank can lay claim to **$717.57 total.** + +That's called the **Money Multiplier Effect**, there's more to it but that's the gist. + +Now how do you stop all this money creation? You make it very costly to loan money. Usually, the Fed raises interest rates. But they cannot simply raise interest rates across the board. What they do is raise the [Federal Funds Rate](https://www.newyorkfed.org/markets/reference-rates/effr)**.** Which is the interest rate at which banks can lend each other money, which eventually trickles down to the interest rate by which we get loaned money. + + + +[Federal Funds Rate vs Inflation](https://preview.redd.it/5ro6njlqlx591.png?width=1243&format=png&auto=webp&s=8dc7a1a2fb86ceb3b0172bd1054567f806822207) + + + +When The Fed wants to rein in inflation, they raise interest rates very high above inflation. Now you have also noticed the big spike there in the middle left of the graph. This was a period of incredibly high inflation in the US during the 70s and 80s. It was solved by a man called Paul Volcker, whoā€™s revered today among economists. The federal reserve at the time was unwilling to raise interest rates because it would cause a recession and kill jobs. But the persistant inflation problem was too much, so the Chairman of the Fed was fired and replaced with Paul Volcker. Paul went on to raise interest rates to such incredibly high levels that it caused a recession, and raised the unemployment rate to double digit numbers. People sent him threats and 2x4s where construction workers wrote ā€œyou are killing our jobsā€ but the man persisted. Once inflation came down, it remained down. In the US ever since we have enjoyed almost miraculous levels of stable 2% inflation since. In the EU they had 2-6% bouncing around, Turkey between 6-30%, and Mexico 2-30%. + +However the work of Paul Volcker only reaches so far, today inflation rate is soaring high again, why do we not just raise rates again quickly? Because high inflation in the short term produces lots of jobs. + +&#x200B; + +[The Phillips Curve](https://preview.redd.it/ku065ngxlx591.png?width=1224&format=png&auto=webp&s=d177b988e5d5e041a43c324d0dd36621bc051fd8) + + + +Now despite the fact that this graph says ā€œwage inflationā€ because it is trying to explain a single phenomenon. It actually applies to ALL inflation, high inflation creates low unemployment. Here is why: + +Imagine you want a widget that costs $90, it costs $90 next week and the week after, no problem at all. + +But now imagine this widget instead cost $90 now, and $95 next week, and the week after $100. If you want this thing you better buy it **Now**. An increase in the speed at which people spend, because they have to buy everything right now, means businesses have more business because everyone is spending so much, so they hire more people. + +Ok so whats the problem? Why does this have to end? + +Enter the Michel Burry graphs. + +[This is the only site I could find them. I'm not an internet coin guy](https://news.bitcoin.com/big-short-investor-michael-burry-warns-of-looming-consumer-recession-more-earnings-trouble/) + +[This graph is for debt for consumers, think credit cards for example](https://preview.redd.it/d53ysb0omx591.jpg?width=1410&format=pjpg&auto=webp&s=526651360bbdbd500c393256731f95b375d37f49) + +[This is consumer savings](https://preview.redd.it/buy79e0omx591.jpg?width=1435&format=pjpg&auto=webp&s=22b9e2599ab118436484867b1372307e71757745) + +The first graph is ā€œConsumer Credit Outstandingā€ meaning the amount of debt consumers have, for example, credit card debt. The second graph is ā€œPersonal Savingsā€ which is just what is sounds like, the amount of savings people have in their account. + +Michael Burry said of this of twitter "US Personal Savings fell to 2013 levels, the savings rate to 2008 levels ā€” while revolving credit card debt grew at a record-setting pace back to the pre-COVID peak despite all those $trillions of cash dropped in their laps" (Source is the article above the graphs) + +Why are people doing this? Is this a failure of personal responsibility? Maybe but not likely, here is the mechanism of why inflation actually predicts this. + +Lets go back to that $90 widget. Imagine that not only is the widget going from $90, to $95, to $100. But your total personal savings are $100. If you need this widget then you will buy it immediately and kill your savings. Usually, this is the stopping point for runaway inflation, even if companies keep raising prices, consumers simply wont buy them because they ran out their savings, so companies go easy on the pricing, and consumers slowly build back up their savings. + +You have probably done this as well. I imagine at least one of you, when gas prices were first rising from $2 to $4 decided to fill up your gas tank at 3$, just in case next week prices were even higher, and you were right. + +Well why has this not stopped? Why are prices rising and why are people taking out loans? Here is why: + +Imagine you take out a loan for $100 with a 5% interest next week, and inflation is say 2%. + +Next week you will owe adjusted for inflation $100 + $5 in interest - $2 in inflation = $103 total. + +Now imagine that inflation is at 4%. $100 + $5 interest - $4 inflation = $101 total. + +Taking out loans has gotten **a lot** cheaper in adjusted terms. + +What if interest is also very low? Well today interest stands at around 0.75% going up to 1% + +[https://www.newyorkfed.org/markets/reference-rates/effr](https://www.newyorkfed.org/markets/reference-rates/effr) + +So now imagine low interest rate **and** high inflation + +$100 + $1 interest - $7 inflation = $94 total + +You now owe **less** in real terms by taking out a loan, which you then use the **Money Multiplier Effect** and you can see why all these things combined have been so bad. + +**TLDR / In conclusion:** + +The Federal Reserve will be forced to raise interest rates by a lot, which will increase unemployment, crash consumer spending, and make a temporary but hopefully controlled intentional recession. +What do we think about HCMC? I personally love this stock and one I think we all need to get behind and of course, HOLD!! With the patent infringement lawsuit suing Phillip Morris, good things could potentially come of this money making company. +The collapse in Credit Suisse's share price is of great concern. From $14.90 in Feb 2021, to $3.90 currently. + +Their spread is crazy +https://pbs.twimg.com/media/Fd6cwT7XoAAl9l5?format=jpg&name=large + +And with P/B=0.22, markets are saying it's insolvent and probably bust. + +2008 moment sooon +#Criticism of BTC: + +āœ… Energy inefficient + +āœ… Slow + +āœ… Expensive transactions + +Acting like anything else is delusional and makes all of us look like lunatic cult members. To see people defend Bitcoin this much is kindda embarrassing. + +**It's the first crypto, but it's a bad one.** + +You don't buy a VCR when you can stream on Netflix. +I was just wondering because sometimes life gets a bit messy and things happen that seem to take over everything. + +what tips or things you might do to prioritize and manage everything. + +I have looked into automated payments for utilities and some offer this or they provide an online service that ends up costing you money to use.. they can save time but I worry about giving them withdraw permission from my bank account considering that utilities are now the prime targets of hackers for that reason. + +Much of my investments handle themselves to some extent .. I like to go long term and CDs I have roll automatically so I just have to watch for notices. + +A lot of things unfortunately though do require constant monitoring or intervention which can take many hours a week... I will normally try to reserve that to a single day when possible and do as much of it as I can all at once. + +also there is the problem of still working part time at my own selection of hours... and taking care of everything in the home. + +In all it can be physically tiring with all of the mental effort that goes into it. Even if it doesn't take a full day it ends up with me being shot for the day and unable to get much else done. + +&#x200B; +Our main car has a blown head gasket. I hate this vehicle with a passion because it has had so many problems over the years but my partner drives it mostly, forgives its shortcomings, and we figure mechanic bills are cheaper than lease payments...because FI/RE. However, this time it's different. We have +250K miles on it and a new engine is going to cost 3x more than the car is worth. + +In my mind right now, I don't give a fuck how much a Honda Odyssey/Toyota Sienna costs: I want one. Sure there are cheaper used mini vans around, and maybe we'll get one of those off the used market to haul the kids around... This got me thinking; How many of you have arrived at a moment in your life where you said "Fuck it. I don't care what the price on the sticker says. It's time..." + +SpaceGoat, the Greatest Of All Tokens, has landed and weā€™ve got our sights set on an infinite universe šŸ SpaceGoat is a community-driven DeFi token built on the Binance Smart Chain (BSC) backed by Proof of Stake technology. + +We are completely environmentally friendly and fully decentralized. Our Tokenomics consist of a 10% fee per transaction, 4% of which is redistributed to existing holders. This encourages investors to hold and rewards the SpaceGoat community. + +Our marketing team has been hard at work planning an effective approach to all digital and physical marketing strategies. Unlike other projects, our leaders are completely doxed. We take great pride in our team and their expertise. All information regarding our team members is available on our website listed below! + +Liquidity to be locked for 12 months with DxSale immediately after launch! +Contract address listed below - + +Tokenomics: +Original supply: 1,000,000,000,000,000 + +- 50% public sale + +- 20% burnt on launch + +- 20% manually burnt on targets + +- 6% presale + +- 2% team tokens locked for 6 months + +- 1% technical development + +Total tax on each swap: 10% + +Distributed as such: + +- 4% Redistribution to Holders + +- 2% Burnt per transaction + +- 2% Added to liquidity pool + +- 1% Charity wallet + +- 1% exchange listing / marketing + +SpaceGoats, get your space suits on and prepare for lift-off šŸš€ + +Links ā¬‡ļø + +Website: https://spacegoat.xyz + +Telegram: t.me/SpaceGoatTokenOfficial + +Twitter: https://twitter.com/SpaceGoatToken + +Discord: https://discord.gg/J6G3CWARNX + +How To Buy: https://youtu.be/jtC9oomfy3g + +Contract address: +0x783fe4a84645431b31b914b609b86127b96057ea +I once learned about the Stranger Test. Before you purchase an item/service for $x, imagine a stranger offering you a choice of $x or the item/service. If you choose $x, then don't buy the item/service! + +That's it. + +We also often hear people say that time is money. There is an interesting twist to that. If you put some money into your home loan, you can reduce the number of days you need to spend servicing that mortgage. And the extra payment is helped by compound interest! For example, suppose you make one additional payment this month to your mortgage, i.e. you make two payments in one month. Does that reduce the number of payments you need to make by 1? No, you reduce it by MORE than one month due to the extra payment generating unseen benefits via the magic of compound interest! + +Putting all these together, there is a way to convert a dollar amount $x to y-days saves being a mortgage slave! You may not respond well to the money version of the stranger's test, but if you knew how to compute y given x, then you may choosey-days of your life back over $x! + +Happy to make a video explaining the computation if there's interest. +My mortgage comes out every week and I *religiously* make sure there is enough money in there on transfer day, which is a Friday. We are currently months ahead on payments with a good chunk available for redraw. + +To put it bluntly, my dear lady wife is a financial airhead and doesnā€™t always think about what she does. Yesterday morning, before the bank direct debit, my wife withdrew a sizeable amount of cash for xmas presents and left the account with insufficient funds to make the mortgage payment. Weā€™ve had many conversations about the importance of checking... She just doesnā€™t and it shits me. + +Anyhow. Bank drew the account down to zero and the dd amount was less than our weekly payment. + +Iā€™m unsure as to the consequences of this, Iā€™m assuming the bank notes this but then makes the standard monthly deduction from our balance anyway? + +Is that right or is this a problem Iā€™m going to be dealing with for some time? +So overall we know that higher interest rates will tend to depress residential and commercial property prices but there is considerable uncertainty about the magnitude and even the timing. Not only can declining property prices have implications for economic activity, but also for financial stability as we outlined in the April FSR. As we noted, those financial stability risks appear to be contained given the low leverage for residential and commercial property. But we will continue to carefully monitor the evolution of these risks, including in the FSR to be released in early October. +Hi there, I was just offered a new job for a significant salary bump. I have the capacity to work my current, and new job simultaneously. + +What must I do from a tax or legal standpoint in order to avoid unnecessary risk? + +I would prefer neither companies found out about the other, but I honestly don't know the legality of any of this. + +Thank you! +What are everyoneā€™s thoughts on the current price decline of the asx? Has anyone withdrawn their investments in anticipation of getting in lower? +I happen to have over invested and canā€™t buy much now, so just watching as it goes down šŸ„² +Andrew Stone is a veteran economist that spent five years at the Australian Treasury and more than a decade at the Reserve Bank of Australia before working for nearly five years as Chief Economist and senior policy adviser to the Tony Abbott. + +[https://www.youtube.com/watch?v=fImaqnQpafY](https://www.youtube.com/watch?v=fImaqnQpafY) +This is for the folks that are in their 50s and successfully FIRE'd with no kids. Do you have any regrets about your decision or wish you would have kids if you were younger? + +I know DINK households that are well on their way to FIRE. Just curious where they would be 20 or 30 years down the road when they are living the last decade or so of their lives. + +Edit: I think a lot of people are answering the question based on whether having kids should affect your retirement goals or not. That's not what I am asking. My question pertains to those that have already made the decision to pursue FIRE with no kids and if they now regret it. We have plenty of data points to determine what decision people have already made with regards to FIRE and the decision to have kids or not have kids. The real question is do you still think it was the right move 20 or 30 years after making that decision? +For those of you that find no interest at all in the 'finer' things in life, why do you? Were you raised this way? + + And for those of you that do enjoy the 'finer' things in life, how do you intertwine that with becoming FIRE? Can they work together? Or does living a frugal life mean that business class flights, 4-5 star hotel vacations, nice dinners are no longer options? Please note, I'm not saying that these are the ONLY 'fine' things in life, but just examples that came to my mind. +Hi PF, + +I'm probably in one of the worst places a 31 year old can be, financially. Especially in the Bay Area. I've spent money willy nilly for almost 8 years straight. Now that I want to plan for my future, I'm **absolutely freaking out internally** (as I should be) because of how supremely I've fucked myself over. I've botched it as supremely as Da Vinci drew Mona Lisa. I have a sense of humor about these things, so I've got that going for me, which is nice. Unfortunately comedy isn't the trade I ply, so it won't feed me or pay my bills. This is my roundabout plea for help. What better Xmas gift for myself other than a nice big dose of financial responsibility? + +Here is what I owe (not counting student loans, which is ~20K): + +| Credit Card | Balance | Minimum Pay | APR | +|:------------|------------:|:------------:|:------------:| +| AMEX | 5397.55| 357 | 29.99 +| Chase Frdm | 6300.62| 160 | 19.24 +| Chase Saphr | 19,202.98| 455 | 17.99 +| Barclaycard | 2367.27| 52.65 | 14.99 +| Paypal | 1940.85| 69.43 | 19.99 +| Citi Costco | 7800.33| 199.36 | 17.24 +| Car loan | 444.99| 324.28 | 6.00 +| **TOTAL** |**43,454.26**| **1617.72** | **--** + + +My income is ~5500 a month after taxes (and maxing out my 18K of retirement - which I only did at the beginning of this year when I turned 30). + +Here are almost all my expenses: + +| Expense | Amount | +|:----------|---------:| +|Rent |1900 +|Phone |70 +|Net / TV |200 +|Stdnt Loans|400