diff --git "a/reddit_finance_43_250k_436.txt" "b/reddit_finance_43_250k_436.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_436.txt" @@ -0,0 +1,10000 @@ +I can see from the Groww and Trendlyne app that there is no significant fundamental probelm. PE is normal, PB is decent and Profits keep rising. The attrition issue as seen in the tech industry also seems to be within range of the industry. + +Even recent news articles are about them hiring for their centers, expansions and new acquisitions. + +What am I missing here? What mistake am I making? + +What is it that everyone can see that I am not able to discover in this scenario? + +It would help me out a lot if anyone can help me realise the confusion here, so that I can make better informed choices going forward. + +Thanks in advance. +I've been holding tata motors for some years now and its dropped almost 60% in that time. The fundamentals are screwed up, negative ROCE, Low revenue growth etc but the promoter holding seems steady ans they keep expanding well into the passenger segment while the commercial vehicle segment is supposed to do well also. What is a good steo to take, hold or sell? +Hi there. I'm trying to find an excel sheet that can track all my Investments and net worth on a live basis. a spreadsheet that can track epf, ppf, nps, emergency fund, stocks, mf, cash etc. thanks. +I'm looking to connect with other Indian people who are planning to retire early in their life. I'd like to know what are your investment strategies? + +How much do you save every month and where do you invest your money? + +Thanks. +I have been investing for 4-5 years now. Across the last few years, I have learnt quite a bit from the community, reading on my own, watching youtube videos. Kudos to everyone who shared their knowledge on the platform. + +What are some problems you are facing while investing / had faced through your journey? How can those be solved so that others end up making same mistakes? I feel that too many people are making the same mistakes and current products are not solving for them. + +**Listing down some problems I had faced / facing** + +1. Had invested in more riskier products / instruments as I was new. Moved things quite a bit as I kept reading more +2. Where to invest - 3000+ MF / 5000+ stock / IPOs / US Stocks / Gold / Real-Estate / Crypto / PPF / Many Alternatives Coming up (Need help deciding which stocks to invest in) +3. How much to invest in which Stock / MF / IPO etc +4. When to invest / exit - is the right time to invest / buy some more / exit partially +5. Navigating market volatilities and panic situations (sold portfolio partially during market falls) +6. My portfolio was not diversified and allocation was wrong +7. Had to sell some of my investments as I hadn't planned properly for unexpected needs +8. Deciding which ones to sell was a hassle +9. There is no way to track whether I'm becoming a better investor with time +Greetings. Hope everyone reading this is staying safe and doing good. As the topic suggests, I have a very rudimentary question here, if anyone is in the know - How do you treat capital loss arising due to involuntary delisting of a company(say due to bankruptcy where all existing shares are extinguished without any compensation). For eg say Nagarjuna Oil Refinery or DHFL(I think?) or Essar Steel. Say I am still holding 1000 shares of Nagarjuna Oil bought at 200 and they are still in my demat account. Is there any way to write this off as long term capital loss and hence adjust it against LTCG? From what I could find out since there is no actual selling of the shares I can't write it off as LTCL. But on the flipside I also don't have any actual interest in the company since shares have been extinguished, right? Would love to get any informed advice on this! +* DHFL - Panic selling after DSP fiasco, RBI to tighten regulations. Corrected more than 70%. +* Edelweiss - Seemed a very strong company before the NBFCs fell. Strong consistent growth for the past five years. But to be affected by the RBI regulations. Corrected more than 54%. +* Indusind Bank - Has exposure to ILFS, and has set aside 275 Cr. for the same, and had it not been for the same, it would have had the same 20%+ consistent growth year-on-year. Corrected more than 28%. +* Indiabulls Housing - Exposed to Supertech, and has the same problems as with other NBFCs. Corrected more than 48%. + +I have a few specific questions: + +* Are there any other specific issues with these companies? +* Is it worth catching the falling knives if I can wait for an year for a turn around? +* The RBI regulations and decrease and difficulty in securitization for NBFCs will definitely lead to slower growth and decrease in earnings. Most of the NBFCs look good when looking at trailing PE, but how to estimate the future PE, and at what valuations do they look good? +I got an email stating - This is to inform you that the Base Total Expense Ratio (Base TER) for Reliance ETF Nifty BeES is revised from 0.10% to 0.05% w.e.f. 26th July 2019. + +I think its good news for investors? +The startup crowd, from Flipkart to Swiggy to Paytm, are all owned by funds from China, Japan or the US. And now, other large companies too are seeing increasing foreign ownership - from an ICICI Bank to HDFC to even the now beleaguered Jet Airways by Etihad. Liquor brands in India also - McDowell/United Spirits are now owned by Diageo, Kingfisher beer by Heineken, and so on. The large standout is still Reliance Industries, but by and large, foreign investors find India a lot more attractive than Indians do, it seems. + +Why is that? + +In the latest episode of the Capitalmind Podcast, /u/deepakshenoy explains how the high interest rate environment in India is impacting businesses, and the investment opportunities that might show up when rates ease. Listen In. + +[http://capitalmind.libsyn.com/the-cost-of-capital-in-india-episode-3](http://capitalmind.libsyn.com/the-cost-of-capital-in-india-episode-3) + + + + +&#x200B; +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). +So from 1st July 2019 it is going to be only 5 free ATM transactions. From unlimited to 10 and now 5. Is thr any point to still use this bank? Coz similar interest rates are provided by IDFC bank too and it has more physical branches too compared to DBS bank. + +Edit: They have increased ATM withdrawal limit from ₹25k to ₹50k effective 1st June 2019. +Since the beginning of this year, Indian market has proved to be much more resilient compared to US S&P 500 or Nasdaq. It had a much smaller drawdown until June and since then has risen much more too. Even in the last couple of weeks around the Jackson Hole speech, it has fallen much less than the US counterparts. + +What is the reason behind such resilience? Generally speaking, Emerging countries suffer disproportionately when USD is strong and there is Capital flow towards Heaven countries, but India seems to be defying this theory this time around. + +Is it the underlying long term strength of the economy or is this a market structure thing? +Any insights much appreciated. + +Thanks! +Should one invest in this option to avoid the possibility of losing wealth due to miss management of the economy by the government like it happened in the case of Venezuela ? + +Are the recent events like loss of RBI autonomy, increase of cash in circulation, growing bank NPAs and manipulation of economic data by the government indicate that there exists such a risk for India ? +As the subject indicates, a few years ago, I purchased a regular MF fund on SIP. After about a year and some months, I stopped the SIP and let the fund idle. I am not investing further in that scheme. + +1. Does it make sense to still convert it to a direct plan? An I still incurring the additional cost of the regular plan? + +2.Does TER still play any part in the holding with no transactions occurring? + +3. If I change the fund to direct (Kuvera has something called smart switch to do this, I think), will I incur ltcg? + + + +Edit: Mangled the title fully but glad there are smarter folks in this sub who still understood my questions despite me butchering the title. + +Correct Title: Should we convert one time MF buy from regular to direct plan? +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). +So. Let's look at your folio return for the month of May. Midcap nifty 100 was down roughly 7 percent in last 30 days. And Smallcap nifty 100 down 6.90 percent in last 30 days. + +My folio was down 7.6 percent in May. Even though my folio consists of 30 percent large caps, 50 percent midcap and 20 percent smallcaps. + +What is happening according to me is what happened on January to march 2016. Where smallcap and midcap indexes lost between 20 to 25 percent. Similarly after demonitization smallcaps and midcaps suffered 15 to 20 percent falls. And a very similar falls from January 2013 to June 2013, roughly from 15 to 20 percent. + +Big fund houses generally start booking profits and shifting about once in a while. A clue I found is. That during last 6 months, my folio is down 10 percent but my Mutual funds of small and midcaps are up anywhere between 5 to 9 percent. + +The selling pressure we see is panic selling right now. Stocks which have great value falling like nine pins. Example, Rain Industries, avanti feeds, REC, PFC, tinplate, bhel, capital first. All these companies have good fundamentals and profits. But still got battered in last 6 months. Most of them down 50 percent from Peak values. + +There are many others too but there are just too many to name here. + +Go and see charts of smallcap and midcap index. Everytime there was a fall, nifty mostly stayed stable. And same is the case this time. + +We are almost or about to reach the bottoms in midcap and smallcaps in next 10 to 15 days. + +I think now or within this month would be a great time to start a midcaps SIP and start buying stocks in staggered manner. + +Remember, blood is in the street, panic is everywhere, selling pressure is insane. + +Obituaries are being written on valuepickr, geniuses have come out from the closet explaining why the midcap and smallcap slaughter is happening and were bullish 1 year ago. + +Make no mistake, fear has taken over the smaller stocks or midcaps. And whenever I start seeing tributes and obituaries being written and analysts shouting to sell the smallcaps, I know. What I'm going to do. + +Opinions???? + + +As an owner of XXX shares in a Roth IRA, I have been uneasy about not being able to DRS my shares like everyone else. I plugged enough money into Computershare to buy an extra ONE share through their system, but after that, I'm tapped out of funds (and my wife says "NO MORE!" lol). + +That being said, I'm sure you can appreciate my happiness to find out that users were actually DRS'ing their shares in their IRA accounts (and without taxable events occuring!). The trail blazer [u/youniversawme](https://old.reddit.com/user/youniversawme) has posted several clear cut posts outlining in detail what he did to accomplish this. Link to initial post showing his process [here](https://old.reddit.com/r/Superstonk/comments/qe6wfu/drs_my_ira_shares_yes_i_believe_i_did/) and his update confirming the transfer had worked [here](https://old.reddit.com/r/Superstonk/comments/qfnr2x/drs_for_iras_update_im_in/). These posts show that when he made the DRS transfer of his IRA shares, Computershare now held these shares in book form, with Apex Clearing (Ally's clearing agent) as custodian. Very cool! + +Long story short, I now have transferred every share I owned from Fidelity to Ally Invest, and submitted my [Letter of Instruction](https://i.imgur.com/Zh1J1pF.png) to DRS my shares to Computershare. This letter is word for word the same instructions that have been proven to work already. The day after I submitted this request, I got [this email](https://imgur.com/mqphM5Y) from Ally's support team stating that my request could not be processed due to an incorrect Account # listed. So, after triple checking that I put the correct account # on the Letter of Instruction (I had), I called the support team at Ally for further information. I got a hold of a nice lady named Desiree, who was very helpful. She confirmed that I did, in fact, put the correct account # on the letter and was as surprised as me to find out the request had been denied. She quickly sorted it out, and spoke with the team in charge of these types of transfers personally, and tells me that this email I received must have been sent in error, and that the transfer was still showing as "processing" in their system. Desiree was very helpful and told me she would personally track this process and email me if anything else arises. + +Fast forward four days later to today. I get [another email](https://imgur.com/w0myqAO) from Ally stating that this DRS request has been denied (again), but this time for another reason. Ally is now saying that the DRS request cannot go through due to a custodian issue, and the accounts not being "Like Accounts". This is the exact opposite result of what [u/youniversawme](https://old.reddit.com/user/youniversawme) ended up getting. + +So, again, I called Ally's support team to inquire further. The tech that answered (Rob) was very nice and was understanding why I was confused. He told me he had helped multiple people do this recently and there was never an issue. He asked me to hold for a few minutes while he spoke with his supervisor about this issue. After he came back on the line, he informed me that he has "news that you may not like." Uh oh. His supervisor explained to him that effective immediately, all DRS'ing of IRA accounts is no longer available through Ally Invest due to a custodian issue with Apex Clearing (even though it has been successful many times in the past, and without issue.) Rob was not able to offer me any more information, but this seems SUPER fishy to me. Rob told me that even he was unaware that this had changed, and was surprised that they changed it so suddenly and without an announcement. Rob also told me that his supervisor said that Ally's website should reflect this change soon. + +Apex is catching on to what we were accomplishing with finally DRS'ing IRA shares and put a stop to it once it started to gain traction. I think they know that DRS is the final nail in their coffin and if IRA's were starting to become locked up, it would be game over for them. I know there are many like me with XXX and even up to XX,XXX shares in IRA accounts that have their hands tied due to similar issue. If you're reading this, and are able to DRS your shares PLEASE DO IT! Do it for me who can't, but wants to. Imagine how many shares we ACTUALLY own with GameStop themselves already confirming the DRS numbers in their latest report. I'd argue there are probably just as many shares (if not more) tied up in IRA accounts like mine. + +TL:DR - + +Daddy Apex Clearing is putting a stop to DRS'ing self directed IRA shares to Computershare. Don't let this slow us down! Please DRS your shares! +Have you ever found yourself justifying a purchase because the value is too good to ignore? You should know – [it's a trap.](http://i.imgur.com/LaJ9Kmo.gif) + +I’ll give you an example of the value trap and how it negatively impacts your Whealth. You’ve probably heard of a company that offers subs that are 12 inches long and sold for $5. I remember a time where it finally hit me whilst in the midst of an argument with one of their sandwich “artisans”* that I was about to be caught in the value trap. + +I was doing some consultant work at a plant just outside of Tulsa Oklahoma. After a long day in the factory, I just wanted to head back to the hotel room and crash. There was no way I was going to go out for dinner so I just hit up the local sub shop on my way home. I checked out the menu and thought to myself “Ok John, portion control is the key, just get a 6 inch tuna sub and you’ll be fine.” When it was my turn to place my order, I had the following conversation: + +> *John:* “I’ll take a 6 inch Tuna on wheat with cheese, toasted.” +> +> *Artisan Sandwich maker:* “Oh, it’s a $5 foot long sub, so I’ll make it a 12 inch.” +> +> *John:* “How much is the 6in. compared to the 12in?” +> +> *ASM:* “The 6in. sub is $4.50.” +> +> *I had to pause here for a moment and think about it… the trap had been set.* +> +> *John:* “No thanks, I’ll just take the 6in. sub.” +> +> *ASM:* Looking at me incredulously “but the 12in. sub is only $.50 more…” +> +> *John:* “Yes I know, but I only want the 6in., I’m not going to eat the other 6 inches.” +> +> *ASM:* “But you can eat it later…” +> +> *John:* “I don’t want the extra calories and I don’t want to waste it.” +> +> *ASM:* Continues to give me a funny stare “Ok..” + +Now I know it was only 50 cents, but this sort of value grab happens all the time. Certainly there are times where this makes plenty of sense to do, where you could take it home and have it the next day but staying in the hotel, it really didn’t make sense to me. Despite my situation based on her reaction, it was clear that most people would grab the other 6 inches and let’s be honest here, they would probably just go ahead and eat the whole thing. What would you do? + +This is another double whammy negative impact on your Whealth. You’ve got the cost of the larger sandwich, the 500+ calories that pretty much no one in the modern world needs to consume, and you’re setting yourself up for failure. Just by having it front of you, you’re more likely to eat it all at once unless you’ve got some above average will power and will actually put it back in the fridge for another meal. + +The same thing happens in with “buy one get one half off” and similar deals. How often do you take advantage of one of these deals only to find that you never use the excess? It’s like we’re hardwired to get that value and marketers clearly are aware of this. It happens with + +* Fast food / soda sizes – just 50c more for another 16oz!! (of crap you don’t need in your body) + +* Any size coffee for 99c! (Do you really need the heart palpitations that come with a large, sugared up coffee?) + +* The grocery store and their 10 for $10 deals, which by the way, you only need to buy 1 to get the deal. + +* Insurance – for just $5 more a month, you can get another $50k of coverage! (that statistically you’ll never need or use) + +* Tools and other house stuff that come with “free” stuff (that your basement is now filled with and you’ve never actually used, am I right??) + +* Non cash-back rewards cards and store “bucks” that require you to spend more money to redeem. Kohl’s bucks is a great example where you get $10 for every $100 you spend in future store credit for a week or two; they incentivize you to buy crap you don’t need. + +It adds up. And it’s super prevalent in the food industry so it adds up if you do consume things that you really don’t need to both in dollars spent and inches on the waist. Avoid the value trap, it’s a one dimensional approach and it’s rarely worth it. The old adage of you don’t own your things, your things own you is in my experience, true. Your items cause you to feel and think about them and the fact that you never use them. They drive negative feelings that aren’t worth the trouble of having them. + +So keep an eye out for the value trap and do your best to avoid it. Remember that true value comes in the form of planned use. If you find yourself justifying how you might use something, you probably don’t need it and you shouldn’t buy it. In a month you’ll likely never have put a second thought into it and you’ll have kept your home, your belly, and your mind free of clutter. + +*Seriously, there should be a law preventing someone from calling a $7/hr high school sandwich maker an artisan. Who thought this was a good idea?! +Hey guys, how dumb is selling deep OTM naked puts in larger quantities? Is anyone doing it here? I attached the option chain of SPY for AUG 21 and there are substantial ask sizes for these‏‏‎‏‏‎‏‏‎‏‏‎­puts. &#x200B; How do you even make money with keeping your risk relatively low? Like if you want to make 1000$ with selling puts @ 200 strike, you would have to sell 1000 contracts. Ofc its highly improbable that SPY will go to 200 and below but if this somehow happens you would be 20 million in debt. &#x200B; Does a broker even allow selling that many naked puts without securities? &#x200B; &#x200B; &#x200B; https://preview.redd.it/f22v46pmv0d71.png?width=1569&format=png&auto=webp&s=09185cff867571935eb3b02dc2602f81e2c1f67e +I’m assuming the wheel goes bad if the underlying declines in price to a point where the options become less expensive due to lower share price? + +And/or the price of the underlying goes so low that your rolling “lump sum” (100 share block or cash equivalent) declines in value? + +If you’re wheeling for 1% a week (very possible) and over 20 weeks the underlying goes down 50% in that time, you are down 28% (though probably more b/c of options price model)… better than being down 50% I guess. + + +Do the wheel losses happen rapidly on assignment of a put after plummet of underlying, more when owned stock plummets, or do they progressively happen over time? + +I feel like if the wheel were relatively risk-free then most people would do it for 50% returns a year… but they don’t and few get that return. + +I can’t think of the math or the concept… but I feel like the wheel is just a see-sawing dealing of bearish and bullish sentiments with no logical strategy or timing… you just hurl up money every week, aimlessly hoping you don’t get assigned, and keep doing that till you do and then take the opposite side. + +What I’m getting at is that arbitrarily switching between bullish and bearish sentiment every Monday morning just because the underlying closed above/below an arbitrary price point does not seem rational. + +Though unpredictable and volatile, stocks are not mean-reverting. + + +P.S. Are zero DTE bullish puts on Friday’s just cheapskates looking to get discounted shares? +It’s basically a follow up question from this post that refers to a TastyTrade study- https://www.reddit.com/r/thetagang/comments/gad413/theta_decay_is_not_fixed_the_case_for_selling/ + +This TT study suggest that theta accelerated at 45 DTE only for ATM options, not for OTM and ITM ones. So how can use this information in actionable terms? + +If I’m selling a June 30 (45 DTE) SPY 286 CALL or a PUT, I’ll hit that sweet spot for max theta decay. But what happens after a day or two? On the next trading day SPY may close at 280 or 290. Next month, maybe SPY goes to 250 or 320, pushing my strikes further away. So practically, I can never stay at ATM all the time. + +So what can I do to capture this sweet spot? I’ve seen TastyTrade guys going for 30 delta strangles all the time, so that’s probably the sweet spot but I don’t know the math behind it. + +Thanks! + + +Hello all, + +I'd like to get some info on what is trading options on commodity futures is like. In what ways they are different from equity options, what are the things one must know before playing with real money, some real life experiences if possible. + +I've been trading equity options for about a year, mostly PMCC and PMCP on tech stocks , mostly successfully, and now I am looking to diversify some of my funds to something different. + +My thinking is that given high commodity prices, which will eventually come down, running some moderately bearish strategies, such as PMCP, may be profitable. + +But I want to understand a bit more about the markets and differences in the way they work compared to the equities. +Hey Guys, + +&#x200B; + +So I sold an IC Friday on the SPY with a 8% ITM that expires on the 7th. + +My acct is showing that I am collecting theta decay on these orders over the weekend. Is this true? Or will my acct open up and be 'corrected'? + +&#x200B; + +Thanks ahead of time. Im just looking for a straight answer on this since its a bit hard to calculate or find information on the internet. +If at some point there’s a crash in the market followed by several years of a bear market, what will be your investing strategy during that time? + +How will you protect your short positions that are open during a crash? What did you do last March for example? + +During a prolonged bear market will you adjust your strategy to keep trying to get the same high returns as the bull market or change your strategy and aim for lower returns? +Has anyone been in a bear market and has done thetagang plays, atleast the wheel? In case a bear market is upon us in the next yeAr or so, I wanted to start reading up on strategies that would work in a bear market. Does IV deplete in a bear market? I would think IV would rise same way it did back in march of 2020 with covid just starting. Any thoughts or helpful information is appreciated. +While put selling is indeed a strategy where small amounts of income are earned through selling put options, it doesn’t always have to be this way. Using the put selling strategy of deep in the money puts allows an investor to capture the rise in a stock while still offering some protection against losses and if applied with a protective put it can guarantee a profitable trade. + +The put selling strategy of using Deep In The Money Puts is a highly profitable strategy to use in bull markets against rising stocks. Surprisingly though, many investors stay away from put selling in a bull market as they hate the thought of selling a put for perhaps .50 cents to $1.00 only to watch the stock rise $2.00, $3.00. $4.00 or even more leaving them with a very small profit while the “big” profit escapes them. + +While many investors are busy chasing the latest hot stock or a high flyer I enjoy using this strategy on large cap dividend paying stocks. While many investors may feel that stocks such as SU or dozens of others are boring, go nowhere stocks, I can attest through my trades that they can be highly profitable and less volatile if the right strategies are applied to them. + +https://preview.redd.it/3l6c3dhh0cz61.png?width=1144&format=png&auto=webp&s=e6b09754a9241cbfb50546ad9ad93aa4c1ed7832 +Hi Guys, those who've been in selling puts for long. Can you please share your experience if its good to sell puts on Fridays or its more better to do on some particular day to collect better premiums? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Sold 15.5 CC's on Ford for 04/31 yesterday @ .34. + +Given Ford went down today, I could possibly buy them back at .24, then sell them again when it's up. + +Or should I just be waiting for the ~21 day mark to buy them back and selling more 45 DTEs? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +3085/3080 put credit spread 487 credit per contract and 500$ collateral doesn't that make it max 13$ loss and 487$ gain I feel like I'm definitely missing something lol +So Ryan's tweet today, the poll, have 4 choices. They are, in order: + +i**T**oilet + +i**P**lunger + +i**U**rinal + +i**B**idet + +TPUB. + +TPUB was the ticker for Tribune Publishing, the parent company of the Chicago Tribune. + +When I searched if Tribune Publishing was a publicly traded company, this was the result: + + + +Incorporated in 1847 with the founding of the Chicago Tribune, Tribune Publishing operated as a division of the Tribune Company, a Chicago-based multimedia conglomerate, until **it was spun off into a separate public company in August 2014**. [Source](https://en.wikipedia.org/wiki/Tribune_Publishing) + +Could this be a tip off of the new spinoff company??? + +EVERYONE! TO THE TINFOIL HAT MOBILE! +I think a lot of apes are hoping for some sort of announcement on March 17th, I think it would be a big lift to the GME community if there were one…but I’m being realistic that RC and team will stay true to the long term plan of creating shareholder value, and if that means not sharing any information with Wallstreet then so be it. + +It just seems that things might be different with the Towel investment and RC becoming more active on the Twittersphere. + +I’m going to be conservatively optimistic, but wanted to hear what fellow apes were anticipating. +There are currently two coins - Cardano and EOS - in the top 10, that have literally no working product yet. They are, at this point, vaporware. + +EOS is still an Ethereum token, promising a network which does not even exist yet. + +Cardano is vaporware, [with no working system, yet somehow placed among the top 10.](https://themerkle.com/what-is-cardano-and-does-it-belong-in-the-top-10/amp/) It’s been accused many times of being a pump and dump scheme because of this. + +Why are these coins being pumped up into the top 10? +Among investors I know, those who bought big in the Trump rally were momentum players. Value investors I know mostly missed the Trump rally given the high U.S stock valuations. It was a surprise move for value investors coming from their idol. Of course, kudos to Buffett. +I am currently 16 years old and have not been paid or employed in the past but have got a national insurance number. After finishing making a website i needed to create an invoice but am not registered in a company or self-employed. The fee is a couple of hundreds of pounds. What can i to to make this payment legal and best for both parties? +I’m in my early 30’s with £30k salary. I have never been financially literate and only now have I started learning about personal finance and investments. I have spent my entire life living pay-check to pay-check, and I am just done with that lifestyle. I’ve read everything on the UKPF wiki, but what can I do to get the right mindset that I am in control of my finances? Is this something that comes out naturally? I feel so overwhelmed with all the things I have to accomplish - pay off debt (£2k), emergency fund (I have £1k savings), buy a house, invest, etc - plus the added pressure that I should’ve ticked a lot of these a long time ago. How can I approach money without feeling so anxious about it and not feel defeated so early on? I just want to start the new year right… any words of wisdom/encouragement would be greatly appreciated. +Leaving aside the vanguard index trackers, workplace pensions etc, do you have any money invested in something slightly more unorthodox/interesting, perhaps a niche market that you know very well? + +I’ll share mine.... Pokemon cards. I know the market inside out (wizards of the coast era in particular) and have followed it for the last 12 years. Overall my ‘investments’ have gone up around 500% on average in the last few years, due to a number of key factors. As with my orthodox portfolio these are not items I intend to part with for many years, if ever, but it’s great fun watching this relatively new, unoptimised market find its feet. + +Edit: thanks for all the replies, it’s proving a fun read! +The suburb is south of Rouse hill and is a strong growth residential corridor. It’s a large 85m2 internal 2bdrm on top floor for $585k. + +The developer is offering a 25k rebate on top of the home builder grant 25k. + +I was worried about the bank undervaluing the unit after construction leaving us to find 10% out of pocket in order to settle. -However- the developer is offered to guarantee the future valuation in the contract. + +I’m expecting the over supply of apartments in the area, Covid and the property price dip due to the end of job seeker and keeper to cause an average 10% price drop over the next 12 months. +(All 4 big banks forecast this). + +The grant/rebate would essentially negate an 8% price drop and we are planning to live there for 3-5 years. + +Are we crazy? +I'm relatively young at 23 and I'm finding that the time has come for me to buy a car. Ideally, I'd like a car that is easy to repair, long lasting, and perfect for someone who genuinely doesn't care about the looks or specs as long as it runs decent and true. I have done a bit of research and it seems that the Toyota Corolla is the best car for this, I'd opt in for the hatchback personally. **What in your opinion is the most economical car for people who live in the city, need a car but don't give a shit about them**. Obviously, by "don't give a shit" I'm not implying not maintaining or taking care of it. +Wanted to ask this question on the below thread but to avoid it getting lost, have made a new one: [https://www.reddit.com/r/investing/comments/effxs2/what\_of\_your\_wealth\_is\_on\_investments\_vs\_savings/](https://www.reddit.com/r/investing/comments/effxs2/what_of_your_wealth_is_on_investments_vs_savings/) + +It's a sensitive question to some, so I'm not expecting everyone to like this post as it's intrusive; to those of you willing to share - thanks in advanced. + +I'm asking because I was genuinely surprised with the number of people who were heavily invested vs. saving cash on the side in the earlier thread, but I can't make out whether most posters are 99% invested with their $1000 or with $100,000. + +I'll kick it off, my split is: **40% property (\~£130,000) / 60% cash (£200,000) / 0% invested!** + +EDIT: THANK YOU FOR ALL THE RESPONSES - VRRY INSIGHTFUL & IMPRESSIVE VIEWS ACROSS THE THREAD. +The next person you hear say “short squeeze,” “sell,” and any price below 10M just do them a favor and change their brokerage password locking them out of their account. Don’t worry apes this won’t take too much brainpower, however, it will take A LOT of crayons and some common sense. + +Let’s put this all in perspective with what we DO and what we DON’T know. Let’s start with what we DO know, we DO that the Volkswagen’s gamma squeeze was about 1/4 minimum compared to the short squeeze. We DO know that the GME gamma squeeze took us from $4 to $400. We DO know that with a series of gamma squeezes we can head in the direction towards the beginning of TSLA which is a very rare opportunity to have, we all wish we bought Tesla at $4 now is the chance with GME. We DO know that the volume is 7M on a good day with low volume. We DO know that the DTC,and the SEC are safety nets AFTER hedgies are margin called. We DO know that the SEC, and DTC is basically scheduling our cash out from regulations passed on collateral damage. + +Let’s take a step back a min. 7,000,000*$1,000(a sad joke to cash out on)= $7,000,000,000. In the beginning people were saying $1,000, cmon, do you really think they all are fighting over who takes the L over $7 billion? Let’s be real it’s AT LEAST $70 trillion and to be that per share would put it at a MINIMUM of $10,000,000 per share and that’s just talking what they can likely afford to hand out without insurance. + +Now what we DON’T know, we DON’T know what a moon is like with TSLA because it has only been a series of gammas and if it did short squeeze it never mooned. We DON’T know what a gamma squeeze followed by a margin call squeeze then followed by a short squeeze will look like, it has never happened. We DON’T know the date so don’t ask anyone just be patient, waiting on stocks to take off is watching paint dry so it’s best to set an alert at $10,000,000 and forget about it til then. We DON’T know what the most shorted stock on the stock market will be like once squoze so it can’t even be compared to Volkswagen, Volkswagen was not the most shorted stock on the stock market, this is much much bigger than that. + +Food for thought, don’t try to “sell at peak” because if it is not peak and you sell, you are draining rocket fuel and we will not moon. I saw a post about a $5M peak reward and as generous as that is, it motivates people to sell at what “they” think is peak which is likely smaller than expected. Don’t even have sell in your mind, if we moon you will have 4 days to “sell at the peak” and no one will be losing but hedgies. Keep in mind that when you sell, someone somewhere buys, you don’t want it to be some random day trader you want it to be a hedgie stuck on the moon. + +Thunder12123 commented: Volkswagen squeeze: 12% short interest went to almost $1000 + +Tesla squeeze: 20% short interest went to around $5000 a share with the 5 to 1 stock split. + +GameStop squeeze: 140% short interest did NOT go to 400. It will be massive. Especially because when you short more than 100% you are in the realm of infinity if everyone holds. Even if people start paper handing super early it will go to a minimum of 50-100k a share IMHO. And that’s extremely lowballing and saying everything works out in hedgies favor getting people to sell early. + +TLDR: Imagine Tesla and Volkswagen having a baby and that baby being jacked as tits on steroids, that’s the GME MOASS. The SEC and DTC are the safety net AFTER the hedgies pay us and then they are preparing insurance on top of all of that so $1M a share minimum is likely what they expect leaving them at a payout of $7T minimum. Don’t try to “sell at peak” if you sell we won’t have the fuel to reach the moon, you will get much more than $5M (the price offering was super generous regardless it just gives people motivation to sell) when we moon a hedgie will be stuck up there with our share not a fellow ape or day trader. + +This is my first DD please don’t hate me if you think it’s garbage. TOGETHER APE STRONG! 💎🙌🦍💪🚀🚀🚀🌕 + +Edit 1: quick mafs $1M per share is a big understatement + +Edit 2: Thank you so much for the reward! I will no doubt take this confidence given to buy every damn dip on the way up. + +Edit 3: Woke up to 1k upvotes I’m practically losing it, thank you!! So many shills in comments! How do DD Authors put up with this? Whole other level of respect for them. +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. +Now that you have been in the FIREd island for sometime, what comments in this sub makes you chuckle from those who are still trying to get to where you are? +I understand Robinhood is complete trash. Looking for a brokerage platform that offers fractional shares and user friendly. + +What would you all recommend? Also, how do I transfer investments from RH to new brokerage + +Edit: thanks for all the replies! Not looking for options/margin. Mainly ETF and fractional trading. + +Edit 2: So much feedback, thank you! After looking between Fidelity and Schwab I’ve decided to go with Fidelity. It sounds like they are fairly comparable, But Fidelity mobile app comes out ahead. + +Edit 3: Hey everyone, I was not expecting this to get as large as it did. I did my best to respond or upvote your responses as acknowledgement. Also thanks for the awards! +[https://www.cnbc.com/2022/05/23/snap-shares-fall-as-ceo-says-company-will-miss-revenue-and-earnings-estimates-plans-to-slow-hiring.html](https://www.cnbc.com/2022/05/23/snap-shares-fall-as-ceo-says-company-will-miss-revenue-and-earnings-estimates-plans-to-slow-hiring.html) + +The CEO cited rapid deterioration in macroeconomic landscape and also announced the company will slow hiring (among a number of companies to do the same recently). Personally, I think SNAP should not be seen as a bellweather for the rest of the ad-revenue companies (FB, PINS, GOOG), but they are all trading down in sympathy after hours. + + +Snap is currently down 30% after-hours. +With today's announcement of more earn rate cuts to stablecoins this will be the 4th earn cut in just 3 months when they announced their first one back in March. + +Also for the first time they actually completely removed earning any apy on a dozen or so cryptos. + +All this as usual is effective immediately with no warning. + +I am not sure if crypto.com is going to manage the storm if even after 3 earn cut rates and 1 crypto card benefit reduction that they still have to cut rates again. + +At this point it's going to get interesting to see what exchanges fail to whether the crypto winter, not just which coins don't survive. +Small cap ETF ticker symbol IWM has a large amount of GME and movie stock. GME’s allocation valued at 196.16 million and Movie stocks valued at 10.08 million. This is the second most(GME) and the most(Movie stock) for all ETF’s containing these stocks. And as we know hedgies have been shorting ETF’s containing these stocks to drive prices down. + +Recently I was looking through [GME ETF FTD’s](https://failedtodeliver.com/?symbols=SFYF,CSML,PSC,FNDA,VOX,VBR,IEME,IWN,IUS,FCOM,VB,SCHA,IWM,VTWV,UWM,FNDB,PRF,URTY,VTWO) and [movie stock ETF FTD’s](https://failedtodeliver.com/?symbols=SFYF,CSML,PSC,FNDA,VOX,VBR,IEME,IWN,IUS,FCOM,VB,SCHA,IWM,VTWV,UWM,FNDB,PRF,URTY,VTWO) and found for the date May 14th there was a unusually large amount of FTD’s on the ETF IWM. + +Nearly a billion dollars worth of FTD’s when the last time it has been that high was December 2020 when it was 1.6 billion dollars worth. + +If we apply u/dentisttft DD on T+35 ([T+35 cycle DD](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/)) this puts hedgies having to settle these FTD’s tomorrow the 17th. + +If I’m right about this months SLD(supplemental liquidity deposits) period starting today the 16th this could cause some green pressure tomorrow. + +I’m feeling a bit tin foil hat about this but I can’t help but feel this amount of ETF FTD’s stands out and could point to some major movement starting tomorrow and into next week. + +EDIT: It’s been brought to my attention the allocation of GME/Movie stock for IWM is of concern. + +According to [GME ETF Info](https://www.etf.com/stock/GME) GME’s market value is the second highest in IWM valued at 196.16M with only .30% allocation. For reference FTXD has a allocation of 9.37% and only a market value of 727.57K. + +For Movie stock it is the highest by a good amount valued at 10.08M with only .01% allocation. + +So allocation is relative to the ETF of question. IVM DOES have a significant amount of GME/Movie stock. Second most for GME and the most for Movie Stock. + +TL/DR: IVM ETF has over a BILLION dollars of GME/Movie Stock FTD’s having to be settled come tomorrow the 17th. Hasn’t been this high since December 2020 when it was 1.6 billion. We are also in a period called SLD starting today which basically makes it riskier for hedgies to commit any tomfoolery. May 25th run up was caused by combination of FTD’s and SLD period. +According to the Federal Reserves “Minutes of the Meeting of April 27 – 28, 2021,” a plan was announced to open a “Standing Repo Facilicy.” to be available to more institutions – such as hedge funds. When this happens, hedge funds will have more opportunities to balance their collateral and cash – which will give them more ammo with which to short!!! + +I happened across this through Heresey Financial's You Tube “The Feds Just Lit The Fuse For A Liquidity Crisis” at [https://youtu.be/orET-\_WdPEQ](https://youtu.be/orET-_WdPEQ). This is a really interesting video. I suggest watching all of it, however, the info pertaining to this is at approximately 11:43. Joe Brown (the person in the video) stated the Feds are currently the 'last resort' for banks to ensure they have enough collateral. They are currently siphoning off all the bank's cash, creating a cash liquidity crisis. Once this Standing Repo Facility is open, the Feds will have all the cash and will the the ONLY place banks can get cash for their daily operating needs. The Feds are ensuring they will completely control the banks. Control the money and you can control the population. + +Keeping that in mind... + +With all the new rules, (especially the ambiguous SR-DTC-2021-011), it seems the DTCC/NSCC/etc., are trying to stop the Hedgies (Shitadel, in particular). However, the Feds doing this seems like they are trying to ***help*** the hedgies! + +Does it seems like the Feds and DTCC are at odds with one another, or am I looking at this all wrong? + +If viewing the Minutes of the Meeting, look at the 2nd paragraph under the heading " **Discussion of Repurchase Agreement Arrangements."** [https://www.federalreserve.gov/monetarypolicy/fomcminutes20210428.htm](https://www.federalreserve.gov/monetarypolicy/fomcminutes20210428.htm) + +Not sure which flair to use. This is education from social media. apologies if the flair is wrong. + +&#x200B; + +EDIT 1: + +After reading several statements below <thank y'all>, I have a theory: + +Allowing more players to the game, including hedgies, helps to stave off margin calls and the MOASS. This actually aligns the DTCC and Feds, as neither wants the MOASS to occur. + +This helps the Feds as they don't want their own cash back when someone is margin-called. Cash means absolutely nothing to the Feds; they know it's worthless. They want the collateral. + +Also, since this was done in April (I didn't see if/when the "Repo Facility" opened), this could explain why the MOASS hasn't happened with all the catalysts and how the hedgies have been able to stay in the game so long. + +However, as u/Aidan_Abacus pointed out, "It can't help if financial players are short (pun intended) on cash AND collateral." So, if a player becomes low on both cash and collateral, Marge may call sooner rather than later, as it may become noticeable sooner. + +All we have to do is wait until the hedgies run out of money. *It could be quite a while*; they have lots of it stashed in the Cayman Islands, as we know. It'll happen, though. They must spend billions every month to kick the can. Sooner or later they *will* run out of money. + +**APESPEAK:** HODL. MOASS is coming, it's just been delayed, but it's still coming. Patience. + +&#x200B; + +Edit 2: Thanks for all the rewards! (Use the money to buy GME, though, or to help you through the MOASS.) + +💎🤲🦍🚀♾ + According to a bitcoin-focused trading app, with tens of thousands of users, women and older investors are largely staying out of the crypto craze, leaving mainly young men to be the driving force behind crypto rallies and lows. + +The overwhelming majority of people using the app to trade in bitcoin are men, making up 79% of users to just 21% women. Compared with the most recent data from the U.K.’s Office for National Statistics, or ONS, this makes the gender divide among bitcoin holders even wider than with other investments. + +**So, is it overconfidence?** + +Barber and Odean found that men trade stocks 45% more frequently than women, which is a symptom of overconfidence because overconfident investors trade excessively + +If we see from that research study that men are, on average, more inclined to be overconfident, that overconfidence could be helping to drive the heavier representation of men in these much more speculative markets. It really takes a bit of a hope and a prayer to believe that these assets are going to be long-term, reliable investment performers.” +On the surface, this theory makes a lot of sense, and I was a big believer myself that logic would dictate that extra liquidity could be what carries a bull market, maybe even be the sole cause. + +Until I actually looked at the data. + +While there was indisputably some positive effect of having extra cash on the market, numbers showed that the effect wasn't as big as you would expect. Nor was it even what triggered the bull market. + +&#x200B; + +# Why wouldn't over $5 Trillion of extra cash not have a profound impact on Bitcoin and the crypto market? + +Keep in mind, the full $5 Trillion didn't go into stimulus checks, much less into crypto. + +Only $1.8T went to individuals. + +The rest went to healthcare, local government, airline industry, businesses, etc... + +Something that would maybe still help stocks more, but not so much crypto (at the time, the correlation to stocks still wasn't strong, around 0.4-0.5). + +Even the $1.8T didn't all go to stimulus checks. A big part went to Child tax credits, SNAP, unemployment, retirement. + +[https://www.nytimes.com/interactive/2022/03/11/us/how-covid-stimulus-money-was-spent.html](https://www.nytimes.com/interactive/2022/03/11/us/how-covid-stimulus-money-was-spent.html) + +$817B went to stimulus checks. + +&#x200B; + +# What percentage of the stimulus checks actually went into crypto? + +According to Mizuho research, about 10% of stimulus recipient planned on investing their check in stocks or crypto. + +[https://www.yahoo.com/video/nearly-10-of-the-380-billion-in-stimulus-checks-may-be-used-to-buy-bitcoin-and-stocks-survey-131009531.html](https://www.yahoo.com/video/nearly-10-of-the-380-billion-in-stimulus-checks-may-be-used-to-buy-bitcoin-and-stocks-survey-131009531.html) + +Mizuho has estimated that the amount used from stimulus check would only have added about a 2-3% to the market value of Bitcoin. + +&#x200B; + +# What was happening to Bitcoin before Covid, and did Covid and Fed printing trigger the bull run? + +One of the first problems I ran into with this theory, is Bitcoin was already at the beginning of a bull market, and had already made its turning point, before any of the stimulus checks, or before Covid became a big world issue. + +&#x200B; + +[Turning point for Bitcoin, beginning of bull market, and Covid interruption](https://preview.redd.it/aazxmafqge791.jpg?width=1788&format=pjpg&auto=webp&s=111c221e82f6d7859d354c3d58de342b33dd7a97) + +Stimulus checks didn't trigger the bull market. + +The bearish and selling pressure had already been exhausted, already reverted to bullish and buying pressure, already had a breakout, and already had its first parabolic run to $13K. Which had already corrected, and the resuming bull trend got interrupted with the Covid crash. + +&#x200B; + +&#x200B; + +# The actual timeline of the stimulus checks versus the price of Bitcoin. + +In the following chart are the zones where the stimulus started to hit people's accounts. + +Direct deposits are yellow, mailed checks are orange. + +It's in "zones" because not everyone got their checks instantly or at the same time. There were also waves, delays, etc... + +Keep in mind, there would likely be additional time between the time those funds are received, and the time they can actually be traded on an exchange, especially if they have to open their first account. + +&#x200B; + +[First stimulus check distribution](https://preview.redd.it/tpxt0245he791.jpg?width=1541&format=pjpg&auto=webp&s=a3f51200f2bfb45246c73a66930c0db3e24de6c6) + +&#x200B; + +[Second stimulus check distribution](https://preview.redd.it/76eb4hjbhe791.jpg?width=1890&format=pjpg&auto=webp&s=2c390383b9f16cebe85c8dcecdb697c75e971463) + +&#x200B; + +[Third stimulus check distribution](https://preview.redd.it/dvfy5w79he791.jpg?width=1890&format=pjpg&auto=webp&s=e89c99f58dc4a41551e987b9e33d0fbd9f8f0342) + +All 3 distributions are followed by a downtrend. + +The difference is in the 3rd distribution, there is crabbing throughout most of the distribution, followed by a crash. + +&#x200B; + +# Research has found that the stimulus checks may have only affected Bitcoin trading by an estimated 3.8% + +According to the research done about stimulus checks, by the Federal Reserve Bank, only 0.02% of all the Cares Act fund distributed went into Bitcoin, with only an estimated 3.8% increase in trading resulting from the stimulus money. + +[https://www.clevelandfed.org/en/newsroom-and-events/publications/working-papers/2021-working-papers/wp-2113-impact-of-covid19-stimulus-checks-on-retail-trading-in-bitcoin.aspx](https://www.clevelandfed.org/en/newsroom-and-events/publications/working-papers/2021-working-papers/wp-2113-impact-of-covid19-stimulus-checks-on-retail-trading-in-bitcoin.aspx) + +3.8% is still impactful, but probably nowhere near as high as people would have expected. Much less the source of the majority of the trading. + +&#x200B; + +# The true effect of the stimulus checks. + +The stimulus checks still had some effect. + +But not so much in creating or increasing the bull market, but in compensating and decreasing the negative macros and fears of the Covid crisis. + +The market was in high fear of businesses closing, and going into a bear market. + +The stimulus checks wiped out a lot of that fear. + +The effect didn't come so much from the stimulus checks going into crypto, as the data shows, but came more in a psychological way in wiping out the fear of a bear market from the Covid crisis, just enough to allow the crypto bull market to resume. + +The stimulus check didn't add much money or liquidity to crytpo, but it kept average Joe from running out of money, and removed the pitfall of Covid, to allow the crypto bull market to continue to run free and unimpeded. +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. +Michael Saylor says the rich never sell their assets. lets say Bitcoin goes to one million, how could i purchase a $600k home without having to sell my bitcoin? I want to purchase a home/apartment and rent it out while still owning my bitcoin. I want to make my Bitcoin work for me, anyone have any ideas? not interested in lending out my Bitcoin, idk what could happen if the borrower isnt able to pay back. +If you are a company who is heavily shorted, fully aware of a squeeze tactic being chased, have debt, and posses a brand of very high value. what would you do? sell your most valuable asset? id call that company handicapped and incompetent. did it not cross any of your minds that by announcing that they intend to sell shares down the line that may be just MAY BE they are indirectly hinting that they expect to profit off of selling their shares during an upswing, aka a fucking squeeze, exactly like GME did to pay its debts. you all literally got the green from the board themselves to squeeze this bitch, reassured you they are not going bankrupt and will be here for a while, and expect to capitlize off of selling shares down the line, but what do u you fools do? let go of a ticker that is highly shorted, listed on Reg sho, number 1 on gamma squeeze, on an extremely high discount, and had the most media exposure of any other ticker in the entire market. i'm baffled +Hello. This is my first Possible DD into how an NFT being launched after the London Hark Fork on August 5th is the play GME HOLDers have been waiting for. + +But I really wanted a more in depth of how an NFT works and how it could be used with GME. + +Full disclosure, smooth brain with both limited experience in investing and crypto (I'm already seeing your eye rolling, and I accept that) + +So please, point out anything and everything I may get wrong. + +So, lets begin. We all know the story, GME... shorted to all hell, via SHF with seemingly unlimited resources and lack of a soul and common decency. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +What do you do when you want to get rid of shorts? Offer a dividend. RKT did it, more importantly Overstock did it, but with a twist, they offered crypto, which initially worked but the DTCC found a loop hole. + +Now this post from [u/ravenouskit](https://www.reddit.com/user/ravenouskit/) [What Happens if GameStop issues an NFT dividend?](https://www.reddit.com/r/Superstonk/comments/opdh2k/lets_try_again_shall_we_see_if_mods_want_to/) now this post cites u/tatonkamen156 breaksdown what would possibly happen. + +I want to go over, how the NFT may be used in the manner u/tatonkamen156 states. + +So, N-F-T, NON-FUNGIBLE TOKENS, long story short NFTs are tokens that are unique and cannot be replicated. We've seen it used in art, but it as applications that extend to gaming and DEFI. + +Finematics on YouTube has a great, and short explainer on this [What are NFTs all about](https://www.youtube.com/watch?v=Xdkkux6OxfM) + +But in essence NFTs can be used to link say... a piece of digital art, music, within games (we'll get back into that one) and also securities (stonks). + +Basically you attach an NFT to say a stock, that stock is now unique as a result of that NFT. It cannot be copied, split, or just made out of thin air (synthetics). + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +How would you do this? Via a dividend, now dividends can be cash, stock, property, scrip, or liquidating. + +We're going to focus on PROPERTY. ERC721 (NFT standard for unique tokens on Ethereum) and related standards enables frictionless, secure trading of digital assets to occur anywhere in the world. + +[https://www.forbes.com/sites/nataliakarayaneva/2021/04/08/nfts-work-for-digital-art-they-also-work-perfectly-for-real-estate/?sh=4f0f4fa443f3](https://www.forbes.com/sites/nataliakarayaneva/2021/04/08/nfts-work-for-digital-art-they-also-work-perfectly-for-real-estate/?sh=4f0f4fa443f3) + +A Physical Asset NFT is **a unique digital token** that denotes the right to take physical custody of an object, or in this case, a security.. like a physical share of a stock. Or in this case, PROPERTY. + +How this related to GME? Well, say you have all of your authorized shares floating around AND hundreds of millions of synthetics, you attach a unique Physical Asset NFT to each stock in the form of a dividend. This will force the SHF to account for ALL their synthetics shorts and close. + +How does this affect GME? As u/tatonkamen156 pointed out, a unique physical asset to a stock has no way to be naked shorted. As SHF cannot create their own NFTs to attach to their synthetics shares. Like how they circumvented Overstock crypto dividend by giving cash. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Etherscan shows that a single transaction was made 71 days ago (Tuesday March 25th) so this goes to show that GME's plan has been going on for some time. + +[https://etherscan.io/tx/0x89df343d7e245d42a09de2c790c8c471a0956f32b55631a53a15268c56a74c2d](https://etherscan.io/tx/0x89df343d7e245d42a09de2c790c8c471a0956f32b55631a53a15268c56a74c2d) + +Then we have the release of [https://nft.gamestop.com/](https://nft.gamestop.com/) + +While vague, it alludes to the power of gamers, creators, and collectors. We have seen what NFT can do for digital art and games, i.e. see the Finematics [What are NFTs all about](https://www.youtube.com/watch?v=Xdkkux6OxfM) to the end to see how many ways NFTs can be used, especially in e-commerce and gaming, which just HAPPENS to be right up GameStops Rally + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +But the real stake (theory) here is assigning a NFT as a dividend to each GME stock. All of which can be verified by the ether block chain. So if there is a float of 55mil shares, then those 55mil share can be identified via the NFT and on the Ether block chain. + +Almost defeats to the point of the newly implemented: CATS + +Consolidated Audit Trail + +[https://www.catnmsplan.com/](https://www.catnmsplan.com/) + +"The Consolidated Audit Trail tracks orders throughout their life cycle and identifies the broker-dealers handling them, thus allowing regulators to efficiently track activity in Eligible Securities throughout the U.S. markets. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +[https://etherscan.io/token/0x13374200c29c757fdcc72f15da98fb94f286d71e](https://etherscan.io/token/0x13374200c29c757fdcc72f15da98fb94f286d71e) + +Here you can see a "Max Total Supply" (could mean the number of NFTs to equate to number of float? who knows, smooth brain over here) + +With the upcoming London Hard Fork (Ethereum upgrade), the fact that the GameStop NFT team has been at work on this for a majority of the year, the upcoming London Hard Fork set for tomorrow before market open, which will update Ether to the new standard and protocols. + +Seems like a prime opportunity to announce NFTs for GME. NFTs for stocks, NFTs used in games, NFTs to be used in digital collectables. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I will leave this Tweet from [@EthereumMemes](https://twitter.com/EthereumMemes/status/1422264182976696323?s=20) + +[GME + NFT Dividend + Blockchain](https://preview.redd.it/guh6k0vmngf71.jpg?width=640&format=pjpg&auto=webp&s=9a564a4e6a4b50861350a362b191e1cafcb3753c) + +TL;DR NFTs can be used as a dividend (classified as property/asset, not a security). Attaching this NFT to each of the issued shares by GameStop would clearly identify which shares are legit and which shares are synthetic as FUCK and have to be closed. So MOASS. + +Edit: just my smooth brain opinion on the subject +I thought it was a rule that every closing trade was ALWAYS the opening trade of the next candlestick. I came across this great picture of small indications of candlesticks, but the problem is that most of them don't follow the rule of the closing trade being the opening trade of the next candlestick. Any help? thanks. +https://imgur.com/a/qJnir +Lost 19k since March. I’ve literally had no plan and just tried scalping but always close out on losses when the next day it’s swung back into profit. Want to keep going but scared of more losses I know it’s because of lack of study, disciple and a actual plan but just don’t know if I have the heart to continue +Since the Euro just hit a 13 year low and seems to keep dropping non-stop, I'd like to discuss this topic a bit without the trading aspect. + +It seems impossible to properly value the Euro anymore, some countries show extraordinary economical strength while most of the southern countries are in a crisis they can't seem to recover from, despite the massive devaluation and zero interest rate environment. + +Furthermore, the people seem to become more and more hostile, blaming the currency and the union for problems like high unemployment, strengthening populists that are opposed to it all together. +The union and the currency seem unstable. + +Do you think that the Euro can be saved ? + +Would southern countries abandoning the currency make it competitive again and also allow for proper valuation considering strong countries like Germany and France ? + +Looking forward to your opinions. + + + + + +With the Dollar starting to stabilize out a bit I think it's about time we add EURUSD back into our watchlist since it's starting to act in a more reasonable way that we can more effectively analyze. + +**EURUSD:** + +&#x200B; + +[EURUSD Daily](https://preview.redd.it/auz54o37p2061.png?width=1330&format=png&auto=webp&s=16a3e9e295290087554fc4e26cd5c0e1e308ad16) + +Looking at the daily chart we can see that we've completed a "W" pattern and this could be an indication that we're going bearish especially since this W pattern terminated at a Supply Zone. On top of that looking at yesterday's candle you can see that it's a bearish pinbar off the Supply Zone so that's a good indication that bears might starting coming into this market. + +&#x200B; + +[EURUSD 4 Hour](https://preview.redd.it/b0u926kxp2061.png?width=1330&format=png&auto=webp&s=52404c06e1984a8adba0c073a67c6d48af96a8ae) + +Looking at the 4 hour you can see that we have this channel going and by looking at it you can see that we are producing a LLs and and LHs which is an indication that we're beginning to go bearish here. Combine that with the double top at the supply zone and I think that taking a bearish stance on EURUSD for a while might be the move. + +&#x200B; + +[EURUSD 1 Hour](https://preview.redd.it/i6pjzujgq2061.png?width=1330&format=png&auto=webp&s=6fc6e8126e0d2fe6cddd1694843420fd9c4bc543) + +Looking at this chart you can see that for the past 1 week we've been obeying that green channel from the bottom of the blue channel until we hit the top of the blue channel yesterday. After hitting the top of the blue channel we can see that it took precedence over the green channel since we broke through the green channel. I used the break of the green channel as my opportunity for an entry and it's actually playing out pretty well. I probably won't be able to ride this trade for the 10.5RR I'm eyeing due to FTMO's weekend rule but I'll still try to get the most out of this trade. Maybe one of could potentially ride this trade out till completion but you'll probably have to hold until the middle of next week. + +&#x200B; + +[EURUSD 15 Min](https://preview.redd.it/xrc1os05r2061.png?width=1330&format=png&auto=webp&s=dca8e29bfbb6dd8fc20ddde96351852b3f6008d5) + +In terms of entries we still don't have a solid channel in play while heading down the channel so it's hard to advise you of a solid entry at this point but maybe watch that purple trend since you might be able to catch a bounce from it if it indeed is significant. + +**EURCAD:** + +&#x200B; + +[EURCAD 1 Hour](https://preview.redd.it/oba9nbzqr2061.png?width=1330&format=png&auto=webp&s=2ecc1b2e02406f5862fe57b3a7ae27f2d712dcad) + +Looking at EURCAD you can see that we're in a long term downtrend while in a intermediate term uptrend. However, in the short term we're currently in a downtrend which you'll be able to see once we take a closer look. + +&#x200B; + +[EURCAD 30 Min](https://preview.redd.it/4g1onoz5s2061.png?width=1330&format=png&auto=webp&s=ab2641df5a9df3100b040f7e0c53d828277b8d5f) + +You can see the short term downtrend here and I'll be eyeing the top of the channel to see if we can catch a bounce off of it for a short. I think you can keep having a short bias on this until the blue channel is broken or until we run into the bottom of the green channel. + +**EURNZD:** + +&#x200B; + +[EURNZD 4 Hour](https://preview.redd.it/myiqnukws2061.png?width=1330&format=png&auto=webp&s=671dd43fc3e3f1e584d1b77fca77f5674398e69c) + +Looking at the 4 hour chart you can see that EURNZD broke through that demand zone and we have a slight channel in play which we can take a look at on a lower time frame. We're going to have to watch for the retest and rejection of that demand zone which would help us get some good shorting opportunities. If we fail to reject that demand zone then things will get a bit more complicated for the near future and we may have to toss EURNZD onto the back burner until we get some more information to work with. + +&#x200B; + +[EURNZD 1 Hour](https://preview.redd.it/rcxpoihit2061.png?width=1330&format=png&auto=webp&s=d6397faca93ddcaf1a98d140b52a0e60ee993966) + +You can see that we have a better view of the channel that's in play and we're currently sitting at the bottom of it. What I want to see play out is for us to head to the top of the channel and reject from it which would serve as a rejection from the demand zone and it would be a bounce from our channel which could give us a pretty solid shorting opportunity. + +**EURAUD:** + +&#x200B; + +[EURAUD 1 Hour](https://preview.redd.it/38xyrax0u2061.png?width=1330&format=png&auto=webp&s=5ec6fa5077cc7ec87718ead3b31e038ca67666dc) + +I'm not really liking what's going on here on EURAUD since as you can see that price is playing around with that demand zone as it hasn't been able to break it but it hasn't been able to push off it either. We're currently making LHs but HLs at the same time which indicates that we're going for a squeeze and it could pop either way. Until I get an indication of which it's going to pop I'm going to keep EURAUD on the backburner as I'm not really liking how it's looking. +I personally do not trade every day for a few reasons but I would like to hear your take on why you trade every trading day? + +Also I'd like to know your Time frame Charts for setups and for trades. Please and thank you. +Hi guys hope you all doing better than i am. + +Im new forex trading, i recently lost my job due to chronic neck and back pain issues and struggling a bit financially as my medication and doctors are really expensive. + +I recently opened opened a $100us synthetic account mostly trading indexes and im struggling with making a profit and growing the account to help with finances. + +Can anyone help assist with strategies or signals, manly to the fact the i can't work at the moment (1year now) and i also have a family to provide for and gov assistance mainly covers meds and for my doc assisting me with sever depression issues. Really going through some sh... + +Anybody taking time to read this, i thank you for your time. + +Marcel. +I hear a lot of people saying that they only trade 6-10 trades per week max and they are highly profitable. I need help before I blow another account. I've hit somewhat of a wall and I can't seem to get back any success. I started off pretty good, now I am taking massive losses. I took 23 trades today and lost 16 of them and now my account is in a huge hole. I know that I overtrade. Most of my trades get stopped out, so I try and readjust and enter a better position. I notice also that my trades will easily run up a $60-$150 loss in what seems like seconds sometimes, but on the flip side I struggle to get them over $40$-$50 on the win side, and most times the win period is so brief I can't figure out if I should close it or not...but when it's losing I can get up, go make a sandwich and come back and it's still -$67 🤷‍♀️ what gives? I need some help on what kind of things I should be looking for so I can make some better trades +Hello everyone, I wanted to get everyone’s opinion on this issue I’m having. I’ve been trading for 6 months now. I have no issues with having good trades and decent profits however when I loose I loose big. I get distracted at work while I’m in profit watching the trade. Walk away come back to see less of a profit then figure it’ll go back to the same level it was when I left it and that it’s just fluctuating. + +Short story I get a profit but hold on too long to the trade till it turns against me. Then end up loosing on a trade that had been profitable. Then I overextend my next trade and loose more trying to makeup for the prior lost trade. + +Is this a common problem? Kind of hard to type out but what am I doing wrong? +I've been trading casually with a small account for about a year for practice, and have just recently began using a larger capital. However, I've noticed that whenever I go to sleep when a position is still going, I tend to have nightmares about losing horribly. Sometimes I'll have nightmares about another pair skyrocketing while I didn't have anything on it. These make me wake up a few times in the middle of the night and check to make sure the position is doing well. + + +It really doesn't matter how confident I am in the position, and I don't have problems with risk tolerance, but it still gives me nightmares. + + +I assume this goes away with time, but how long? Anyone have any personal experiences with these? + + +My strangest one yet: I dreamed that a friend of mine was planning on breaking into a bank and stealing €10. Via dream logic, I knew that this would utterly wreck the European economy, so I made sure to short on EUR/USD. As expected, he succeeded in his theft and the European economy was devastated, the Euro lost 99% of its value and somehow I made $5 Million from this. + +Not necessarily a nightmare, but not the most fun thing to realize was only a dream. +**TL;DR;** Basically wrote this to keep track of the rollercoaster i just went on, but i'll share it here as i think some of you might find it interesting. Hopefully the read is worth your time. Thanks. + + +. + + + + +I decided to try out scalp trading for the first time, I started with $500 positions (0.005 lots). Things were going pretty well, $0.5 here, $1 there, i won 7 trades in a row, in the space of 1 hour. I decided to leverage up a little bit so the whole thing was worth my time a little more, not a terrible decision, but not executed properly at all. Because I was always at the highest leverage I had used to date, the times I lost, I lost big, almost my entire earnings to that point. On a trade, EUR/USD just keept going up. It wouldn’t stop. And I was short. sell 10k, then 40k, then 100k, then 200k. the losses reached -$280 at one point and i considered closing out (but thankfully i didn’t) My feelings at the time were, denial, fear of how much i have lost/would lose, and then trying to act cool like it was under control, but i honestly couldn’t do much rational thought when a number like -$280 was staring me in the face. I was red faced, slightly trembling too. + + +I kept the position going, and then it actually showed signs of a reversal. P/L actually dipped to +$7. I was thinking “I just need it to dip a little lower..”, this was incredibly stupid, as rationally, I had made the wrong hypothesis about where the pair was going to go, so I should cut my losses at the best possible point. Well it went up again, “crap”, -$150 again. It dipped down to $7 profit again, and then $25 for a very short time. My thoughts at that split second were: “okay, fuck this, it looks like we were right and we’re going to ride this shit into the ground”. stupid stupid decision. -$150 again. My emotions were settling slowly developing over time, and i started to regain very slight rational thought, while still being red faced and in shock. That is when the next stage of grief finally kicked in. “fuck this, i’m just gonna close out this entire position out before I lose my entire account”. While that was a reasonable thought, I had clearly seen & identified that the huge up move was reversing, RSI was peaking like crazy, there weren’t any more spikes, just a kind of consolidation at the level where the P/L was -$150. + + +So trade closed, i left the computer and took a shower. 3rd stage of grief. “I wish i didn’t start this shit”, “Maybe i should have held onto that trade longer, it looked like it was going to go my way”. I’ll tell you something, hot showers are some good shit. I went in red-faced, slightly trembling, slightly dizzy, and came out feeling actually normal, ready to make sense of what the hell just happened. + + +Turns out, i was right. When i re-logged in just to see where it had went (and not to do any more trades), the piece of shit made the biggest fucking move down. If i had left my short on, i would have made my account value in profit, $2k. Hindsight is 20/20 though. What am i going to do now, MAKE A F**CKING TRADING PLAN. I will never free-style trade again. And keep that leverage fixed. And cut my losses once i am proven wrong. + + +Thing is, I knew most of this stuff before i went in to trade, my emotions almost completely overpowered any of rational thought i had. I thought before, that I was different from internet forum people that get overwhelmed by emotions, I thought that i could control them, apparently it’s not as easy as that. + + +Do i wish this never happened? after thinking long and hard, i’m actually extremely grateful for the lesson i had just been taught by the markets. I was basically the textbook example for the 5 stages of grief (http://psychcentral.com/lib/the-5-stages-of-loss-and-grief/). I made some very good trades, but i also learnt an enormous amount from my losses. +I've been doing a lot of reading lately; made my way through babypips, reading all the articles on learntotradethemarket, and reading the forexfactory forums etc. + +The info on the first two is incredibly useful but I've noticed that there seems to be a very common 'gambler' mentality when reading the forexfactory posts e.g: + +> *Started trading live last week and have turned $800 into $1500 , so slow and steady.* + +Slow and steady? You've nearly doubled your account in a week. I don't see how that's possible without absolutely terrible risk management. + +I come from a poker background and I've see far better "bankroll management" there than it would seem most people in forex manage. + +Is this a case of most forex traders are terrible gamblers or just that the successful ones keep themselves to themselves and don't post about their endeavours on forex forums and blogs? +What's up everyone. I am new to forex trading, I know some basics. What would you suggest the best place to start, whether it be website or youtube. TIA +What's the most that you've been able to withdraw, with or without facing any problems? What's the most that you haven't been able to withdraw because of some problems? +Hi guys, i am new to forex and currently studying some lessons from babypips.com and after i finish these lessons i am thinking about start by 100-200 dollars. Is it enough money for starters? If so please share your tips :) +I know this could sound stupid or even unecessary for most you you, and sorry about that. + +Although, for me is quite important thing, I'm a new trader, still during the process to getting knoledge and trading small account. I constantly hear people saying that trading journal is one of the most important thing to learn if you want to be successed. + +&#x200B; + +I want to know form you guys, how important is it indeed? Because, I'm spending my time to get more knowlodge about the currency that I'm trading, about the price action and chart patterns. I do not have a trade journal yet, and I am trading a really small account (500 pounds). I can't see the point to track down sizes like 0.03, 0.01. Without considering that my brooker keeps all my trading history in full detail. + +&#x200B; + +So, I am not saying the trading journal is not important, I know it is, but is that one of the most important thing for begnners like me? + +&#x200B; + +Thanks in advance! +I asked these questions on r/options, but was recommended to ask this sub. + +&#x200B; + +If you primarily trade FX, can you use that knowledge to trade FX Options? How is FX Options different to trading, say, spot FX or currency futures? + +&#x200B; + +Related to the above, is it possible to use options instead of a stop loss to hedge yourself when trading spot fx/fx futures? If yes, how would that look in practice and what are the pros/cons one should be aware of? + +&#x200B; + +I look forward to your replies! + +&#x200B; + +&#x200B; +In the last 10 years I had many bad trading periods, but also had a few 6 months-long periods of success. But after some great periods and perfect trades, I forget to set stop losses and similar and lost all my profits. During those winning periods, I thought I'm ready to become a professional, just to be slapped by the reality a little bit later. + +That's why I'm curious at what point you know you're going to make it? That you will never again blow your account? At what moment you know that trading is going to be a dependable source of income for your family? + + +What if you have 3 profitable years and then lose lots of money? Was it just a lucky period for an amateur? How do you know you're not going to screw it up again? At what moment you can be relaxed, stress-free and to say "trading is my profession, the future is bright, this is a great business and I will have a great life". Do traders ever reach this point or even after 10-15 successful years they're stressed and in fear? + +At what point you know you should focus on trading only and it is safe to sell your business, quit your job? +I don’t know 🤷‍♂️ life seems frustrating and so hard making wealth is one of the hardest things in life, actually i don’t know about others but for me it almost impossible to leave the hood wear you are :; GOD dear it life sulks I don’t know my losses makes me feel like committing suicide GOD I’ve tried and still at one spot don’t know , or I’m I not destined to have wealth don’t just know me typing 💬 this I’m full with tears 😭 just confused 😕. Everyday I tried to motivate my self saying I’m might get it right but when it’s time it’s all total bullshit +An old “friend”, who I was never really friends with, called me earlier this week saying he was looking for highly motivated people to join his “business”. + +He told me he was trading currencies on iMarketLive and doubling his money monthly for the last year. It sounds very much like a scam or MLM so I’ve been hesitant to even talk about it with him. However, after some research I can’t seem to find any info about this website. + +Essentially, the turn off for me is the “speech” he is giving me about traveling and turning my life around and those magic words “make the money work for you, don’t work for the money”. To use the website I need to pay an initial fee of $200 something dollars and another $145 per month to keep using the service. + +I can’t seem the find the “catch” so to say. I asked him and he said Forex trading has changed his life and he wants to share with his friends and family for their benefit. So I figured I would ask you guys and see if you had any info for me. + +Thank you +I don’t know 🤷‍♂️ life seems frustrating and so hard making wealth is one of the hardest things in life, actually i don’t know about others but for me it almost impossible to leave the hood wear you are :; GOD dear it life sulks I don’t know my losses makes me feel like committing suicide GOD I’ve tried and still at one spot don’t know , or I’m I not destined to have wealth don’t just know me typing 💬 this I’m full with tears 😭 just confused 😕. Everyday I tried to motivate my self saying I’m might get it right but when it’s time it’s all total bullshit + Hi, just looking for a bit of advice on my current situation. + +Sadly, my mum has recently passed away, leaving myself and my brother with the main asset of her house, divided 50/50 between us. The property is valued at around $800 000. + +I’m currently renting, and am hoping to buy a home to live in soon in the Melbourne area. Also, if relevant, my income has recently increased from about $30k pa to 70k pa, due to graduating uni and getting a better paying job. + +My question is what to do with the property? + +The property is not in Melbourne, where my partner live and work, so moving in is not an option. + +My brother has offered to buy me out, which would give me around $400 000, which would be a great start to buying a house, greatly reducing the amount of the initial loan. + +Alternatively, I could hold on to my share of my mum’s property, and use the equity and rental income towards what would be a much greater mortgage. + +Obviously I’m going to seek proper financial advice, but thought I might see what the reddit hivemind had to say first. + +Thanks for your thoughts. +First off - apologies if this is more legal than financial, but it involves finances. + +Landlords wants us to sign a new lease (up next month), and they've included both an increase in rent as well as a bit saying that we waive all of our COVID law rights. + +Friend told me that where I am (WA), raising rents is illegal until the end of the emergency, and also that it's impossible for Australians to waive our statutory rights. Appreciate any insights or a poke to a better subreddit. +Miss Cathie Woods is being hilarious on CNBC interview. She wont admit her bad bets and is defending herself by focusing on AI future and if you happen to short her fund then you are against innovation she said. + +Most of the companies shes invested have tanked between \*\*-50% to -80%(\*\*hood that is) but yet she is delusional about it. + +[https://www.cnbc.com/2022/02/17/cathie-wood-says-her-innovation-stocks-are-way-undervalued-and-recent-fund-losses-temporary.html](https://www.cnbc.com/2022/02/17/cathie-wood-says-her-innovation-stocks-are-way-undervalued-and-recent-fund-losses-temporary.html) + +So lesson learned if you like innovation dont short ARK fund. Cathie Woods is the future of innovation. /s + +Then her ZOOM needs an upgrade during call. LOL + +[https://i.imgur.com/4rnggnb.png](https://i.imgur.com/4rnggnb.png) +I hear everywhere that we will likely drop another 20 to 40% in terms of the overall market. But this takes into consideration past market crashes. This time seems different, now were in a society where anyone and everyone can buy stocks from their phone. Never in human history have we had this much access to the stock market. Retail has invested as much money into the stock market in the first half of 2022 as we did after the covid crash. Money is getting pumped in to the stock market by us the retail guys. + +With unemployment at near all time lows money is abundent in the economy. I have sold some of my positions and still holding others. Whats everybody sentiment on this take. Is it possible that this is over and we are back to recovering in the mid term? Or is this just a lower high and were in for more? +There really needs to be something done about the 1 MB cap on blocks, its getting extremely close to the cap now: +https://blockchain.info/block-index/443506/000000000000000483620734d32bde5211eb715ceb3cce1b9fe4b8c6dae71263 + +The time to negotiate a higher cap is now, we can't keep stalling and pretending like it isn't a potential problem now. The growth of bitcoin is limited by this cap. It'll take time for miners to update their software and agree to the new change, so action needs to happen now. +Earlier this week I saw a post arguing for why reddit is designed not to show you hidden gems, well, let me try and change that. Full disclaimer, I have $100 bag worth of each of the following coins, but I really do believe that they have potential to make you/me some good returns. I will keep it short, so do not consider this as DD, it is more of a summary that I would mention to a friend. + +First one is: + +QANplatform $QANX: It is a quantum resistant blockchain that is developer friendly (you can program in any language), easy to migrate to, supports Solidity code as QANplatform is fully Ethereum EVM compatible. But it also supports building Smart contracts, Dapps, Defi, NFTs and other cryptocurrencies on the top of the Qan network. Their test net launched recently and their market cap is still small, around $60 Mil. + +&#x200B; + +https://preview.redd.it/gspetwdcyiz71.png?width=1552&format=png&auto=webp&s=445e91b8736b600d5ad7eb02f9ade69b7e2458bc + +&#x200B; + +https://preview.redd.it/w6snnlhfyiz71.png?width=1553&format=png&auto=webp&s=9eec2380302f60a7e293779b44646e0e003ecaab + +This is how the token is used + +&#x200B; + +https://preview.redd.it/ek1svpviyiz71.png?width=1514&format=png&auto=webp&s=8a332d1f314418bbc986e21a143a5ebf8352fb8f + +And they are not on a big CEX yet, so this also might bring some good cash flow into it: + +&#x200B; + +https://preview.redd.it/7uwhymwmyiz71.png?width=1279&format=png&auto=webp&s=dee6099c32243735448aeb8fb19dd0e55b2c1c6c + +The only thing I personally view as a negative thing on Qan is the amount of coins the team has. + +https://preview.redd.it/ebu8wjytyiz71.png?width=1384&format=png&auto=webp&s=3cf1e7f39a54bcc199081f3e899146ff9ecfcce5 + +One final note, the APY for the staking was +%60 last two rounds but I have missed them both. Again, I only have $100 worth of Qan. Be careful to buy it on the BSC network and not on ETH due to the gas fees if you want to buy it. + +&#x200B; + +**Then, there is Ponyo-Inu $PONYO:** Let me make this clear, **IT IS A MEME COIN. I repeat, a MEME COIN.** + +Nonetheless, many meme coins can go big, but I'm not saying this one will, again I only have $100 worth of Ponyo. Why I believe it has potential is because it is still relatively new (it launched two weeks ago), team incentivizes people to buy by doing raffles, and most importantly, it has an auto-impact mechanism (this means that a percentage of the transactions cost gets donated to a charity, this has exceeded $500K already). Two last things, the team is going ham on the marketing (was featured on the YT channel of Altcoin Daily which has +1M subscribers and on tons of twitter accounts), and it will go on a centralized exchange tomorrow: + +https://preview.redd.it/3qajdz020jz71.png?width=605&format=png&auto=webp&s=15d00f8749fb2d84314717d4f500568d6e078aba + + + +https://preview.redd.it/d8f3mw8e0jz71.png?width=599&format=png&auto=webp&s=821f494ab906c7520776c239d25e03dbfc01f177 + +*Please, before attacking me or the content of the post, be reminded that I never claimed for this to be a DD, I have very low exposure in both coins, I am only sharing this with you guys because I want you to also benefit from the coincidence of me stumbling of these coins.* +Hey guys, could you please help me out in making this decision. + +I need some advice about investing in real estate right now VS keeping the money in FD and investing in mutual funds whenever there is a correction. + +There is a new project coming up near our place in Mumbai (Jogeshwari-E). This is very close to both the highway and the railway station, also there is a new metro being built which might be ready by the time this building comes up. Buying this house will be totally for investing only. + +Booking rate is 20k right now. As per everyone I know, I should definitely invest here for some great returns. Well what really happens after 3-4 years when the building is ready is pure speculation and I would be taking a leap of faith and investing here if I do it. + +Some background on me: I work in a gulf country saving around 30L a year. Have close to 80 lakhs in FDs and my parents are using the interest of this money for their day to day living. +I can easily take a loan to finance this new property. + +As for why am I not invested in the market? Well from whatever little reading I have done, it seems the markets correct quite a bit every 10 years or so and the current bull run has been going on for too long already so don’t want to take any chances. + +So basically I need an answer to this “investing in real estate right now VS keeping the money in FD and investing in mutual funds whenever there is a correction.” + +edit: + +so the full story is that this is not really a new project per se...its actually the building where my parents stay which is going for redevelopment. The rate is 20k for people who already stay here. it is 27K right now for outsiders/others for new bookings. + +So as you can see, the rate already is so high for others and I am getting a huge discount here. + +The metro is for sure coming up in the next 5 years. + +I do not want to invest the 80 lakhs I have in the market because of fear of losing it. It's my backup fund if things go bad. + +I read in the news that there are already so many unsold flats in Mumbai, this makes me doubt this investment. +HDFC global Investmenting US market equity + +Has Anyone invested in US market with HDFC Global investing? how was your experience and what stock would you recommend. what careful points we need to take care. how were the deduction on liquidation. would you recommend it for wealth creation. I would be very thankful for your answer. +I was looking at this fund: UTI Dynamic Bond Fund - https://www.valueresearchonline.com/funds/fundperformance.asp?schemecode=15885 + +It has a DHFL paper from 2021, and constitutes 5.82% of the portfolio. + +The details of this paper are listed under the last column on +[this page](https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20180605-32&attachedId=40fafc3d-ba8f-4007-a99f-f14a9af247ab) : i.e Column(Series) XII. One of the interest payment of this paper was due on June 4, which is when DHFL defaulted. However, I have read that they have paid back all the interests that were due on this date which is around 9.1% of the principal. Now while I don't expect the NAV to bounce back by 5.82% in a single day, but shouldn't it have recovered by atleast 0.5% i.e the interest payment amount when this happened ? +Unichem labs is offering a buy back soon, and I'm not sure I understand the procedure correctly. Would be great if someone could explain it to me! + +Also, a few related questions: + +1. Should you tender your shares in buy back? As far as I understand, buy back only applies to people who already hold the shares, so it shouldn't drive the price up much. So, you can always buy back at a lower price or exit. + +2. How does it fare for the company, in short term and long term? +This year, sites such as cleartax and h&r block have provided free self e-filing service. However, I am not sure how to proceed with filing returns myself. Can somebody who has filed their own returns tell me how I can do this? +Some discussions are present here in this [post](https://www.reddit.com/r/IndiaInvestments/comments/kb7fxp/just_another_google_sheets_template_to_track_all/?context=3). + +I wonder what is everyone's tool of choice? + +I was looking for just one solution like [Mint](https://mint.com) which can track assets/liabilities and expenses. It doesn't have to be 100% automated as I don't mind entering some data once every month (like SIP and all). + +I came across three solutions : [one](https://alternativeto.net/software/money-manager-ex/about/), [two](https://alternativeto.net/software/firefly-iii/about/) and [three](https://alternativeto.net/software/gnucash/about/) (open source and has android app) + +Anyone has any experience using the above three or anything else you want to share? +Newbie here just learning about investing. + +I'm a student and work part time, so I have Rs. 3000 pet month extra to invest. +Planning to invest that monthly in SENSEX and NIFTY. + +How should I go about it? What websites do I buy these indices at? + +Which index funds should I look at? Saw some over at ClearTax and they seem to have a bunch of funds in them? + +Any recommendations? +x-posting from personalfinance sub. + +In Indian context, advice from people who have gone through 2008-09 recession phase are sought. How they managed to sail through the phase ? +Are liquid funds even safe anymore? Both fund houses and ratings agencies were caught blowing dust in the eyes of investors with the IL&FS scam. + + +For years the mantra was invest in liquid funds that hold only Gsecs and AAA papers. Most funds had AAA papers which were nevertheless downgraded overnight by ratings agencies, thus losing a lot of money for investors. "Invest in only AAA papers" means nothing if the rating can be revoked at any time, after the company has defaulted. Rating companies have no regulation or skin in the game, they are entirely unreliable. + + +What are the other options for parking funds for a short term? One option is arbitrage funds, but if the same houses were so incompetent in picking as much as 10% of their assets in a defaulting company, who expects the same breed of managers to do any better with arbitrage funds? + +IMO the best option seems FDs in commercial banks including small finance banks which seem to offer 9% as fixed income rates; however this has large tax implications especially for those in 30% bracket +From their website + +>Mutual Funds? A strict no. The way you pay a one-time brokerage while buying a land or house, you pay the same 1–2% of your total investment value every year as a fee if you are investing in mutual funds. The funds anyway park your money in stocks, bonds or other asset classes. Paying this fee without any guarantee of returns is too much +> +>*Hence, the solution is* [*All Weather Investing*](https://smallcase.zerodha.com/smallcase/SCAW_0001?utm_source=smalltalk&utm_medium=text&utm_campaign=smalltalk&utm_content=awi-intro)*. One single smallcase consisting of Equity (stock market returns), Gold and Fixed Income (bank FD returns), built using low-cost ETFs* + +[https://zerodha.com/z-connect/tradezerodha/smallcase/introducing-all-weather-investing-smallcase](https://zerodha.com/z-connect/tradezerodha/smallcase/introducing-all-weather-investing-smallcase) + +[https://blog.smallcase.com/all-weather-investing-research-strategy/](https://blog.smallcase.com/all-weather-investing-research-strategy/) + +&#x200B; + +Could investing in it be better than Investing in Direct Mutual funds? If yes, why would anyone invest in Equity mutual funds then? +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. + +He said they had extra resources on a CubeSat and thought it would be amusing. I don't think anyone is getting rich on this however. Just thought it was interesting. +I have the feeling that many people in the FIRE movement do not like the siturantion they are in. And then try to escape it by gaining FIRE instead of change what they dont like (get a new job etc). Am I on the wrong side? + +But one thing I can not understand is that people do not change their lives so they can be happy on the way there. FIRE is not a sprint but a marathon. I will never even spend 8 hours daily for 15 years on something I hated while trying to achieve FIRE. So take 18 years to enjoy it and enjoy the trip. +# GameStop/GME Relevance: + +In this post & the next chapter, I show that Advan Research & other data firms are hoovering our cell phone data and selling it to hedge funds: 95% of Advan's clients are hedge funds. Advan self-reports its foot traffic data on a T+1 basis (the very next day) & says it is as accurate as 99% to predict future sales; hedge funds can use this info to short accordingly. +Advan currently covers over 3000 tickers; I tracked some samples of CMBS loans (Walmart portfolios) with GME stores as part of them showing that Advan tracks this mall/real estate data for malls containing GME. Advan started offering CMBS officially last year. In Chapter 2, I predict that hedge funds of Advan and other firms have probably been using our own cell phone data to track CMBS/real estate data and have/are positioning themselves short since last year. + +&#x200B; + +&#x200B; + +**TL;DR:** + +* **Companies like Cherre provide data to real estate investors and more to help them track their portfolios. These 3rd party connections include companies that can do everything from track railroad noise to offer all permits offered at a specific address. Companies like Mapped & Safegraph are among the ones that provide info on devices connecting to a network, which includes devices such as your phone.** +* **Advan Research is a Cherre provider and arguably the biggest lynchpin in our story. Made by mainly ex-fixed income people, their advisory board includes lots of current and ex-banker ppl like Gil Haddad, head of decision research (behavioral science/quantitative research...on retail) at Fidelity and is ex-Point72 (Steve Cohen)/Balynasy. In part, Advan's datasets work really good because they rely on phone data: yours.** +* **Misuse of phone data has been a huge issue, largely due to geofencing where phones are tracked as they enter a region that has been marked on a map. Privacy advocates are worried about geofence warrants, such as ppl arguing users can get warrants against them just because they clicked "Agree" to whether Google can know their location. Through geofencing, people have been able to be tracked to their homes after leaving geofences, and this has major consequences for everything from lawsuits/arrests to advertising and even real estate.** +* **US university Columbia offers a program called CFM-PER where students/researchers have access to Advan's "non-volunteered" data sets of phone data, including for companies such as their "mobile phone location, truck and weather data for hedge funds, real estate investors and asset managers.” Since Capital Fund Management (CFM) is an investment fund, it might beg the question: why does an investment fund have YOUR phone data in the first place?** + +&#x200B; + +&#x200B; + +For the culture: [https://www.youtube.com/watch?v=7YvAYIJSSZY](https://www.youtube.com/watch?v=7YvAYIJSSZY) + +**Sections** + +**0. Preface** + +1. **Mon Cherre** +2. **Mapping** +3. **Advan** +4. **Open the Door** +5. **Pale Blue Dot** +6. **Geofencing** +7. **Where's Waldo?** +8. **The Highest Bidder** +9. **CFM-PER** + +&#x200B; + +*Previously, on “The Big Mall Short”:* + +[https://www.reddit.com/r/Superstonk/comments/tdmhbj/the\_big\_mall\_short\_8\_indiana\_jones\_the\_ol/](https://www.reddit.com/r/Superstonk/comments/tdmhbj/the_big_mall_short_8_indiana_jones_the_ol/) + +**The Big Mall Short #8: Indiana Jones & The Ol’ Doubly-Defeasin’ Treasury-Tumblin’ Collateral-Crisscrossin’ Security-Switcheroo** + +&#x200B; + +# 0. Preface + +This is the Big Mall Short. + +If you recall from Pt. 2, CMBS--or commercial mortgage backed securities--are a grab bag of loans to different offices, retail stores, and commercial real estate that you can buy or sell, or bet whether the price of all those leases will be paid off as those spaces do business. They’re often tied in with signed leases to these spots. **If many of those offices, retail stores, and commercial real estate spots fail, welp then they can’t pay their lease and the entire grab bag (CMBS) might go down. These leases can be made to offices or factories, but they can also be made to retail stores like Tuesday Morning or GameStop.** + +&#x200B; + +**In our previous episode, we talked about a crazy fucking fact of commercial real estate: defeasance. Defeasance is when a real estate property can be swapped out for a US treasury to help keep propping up the interest payouts to investors. Though it's MEANT to make CMBS bundles more stable, we talked about the worry of rehypothecated treasuries also means there could be more than 1 of the same Treasury bonds propping up several CMBS bundles from tumbling off a fucking cliff.** + +&#x200B; + +In this episode, we begin talk about something that is a little less nitty gritty than CMBS terminology and something more known to us. It lives with you day in and day out, and you might even be reading this DD on one. **Here, we look at something that might just factor into the CMBS picture more than we ever thought: your phone.** + +&#x200B; + +&#x200B; + +# 1. Mon Cherre + +A few months ago this past July, Cherre’s LinkedIn page pushed through its newest update notification to all of its followers, and any readers lounging about in their summer days searching through the social giant’s hashtags like #singlefamilyrentals, #hospitality, or even #cre (commercial real estate). They would have seen the following. + +https://preview.redd.it/xx33mc8zxfr91.png?width=837&format=png&auto=webp&s=e5f2e1ddd37aa71ad340b246e33a6eca6508853a + +For you see, Cherre, unlike many of our recent players in the “Big Mall Short”, stepped into the fold of real estate in an angle not from the perspective of NOI (net operating income) figures in Walmart Anchored Store Portfolios from Pt. 7 or Carl Icahn and the shorting hedge funds of Pt. 4. Rather Cherre stands on the landscape of real estate armored with its battlecry that drives this story in Pt. 9: “Unlock the value of your data”.It takes no more than a few seconds looking at Cherre’s website to see just what it means (or wants to mean). A quick glance on its front page shows it has a metric shit ton of third-party helpers for their clients. + +&#x200B; + +[Trepp Analytics is in the bottom left. They've featured heavily into \\"The Big Mall Short\\", and were the firm that first reported on the CMBS package containing Tuesday Morning stores in pt. 1](https://preview.redd.it/hysi4ah3yfr91.png?width=585&format=png&auto=webp&s=a82e371a9df82639c29e9046fe69bac77eb3c66e) + +If you scroll it, you get the idea that the list is fucking endless. Here’s just a handful of the types of third-party providers that would wash past your screen as you scroll through on your phone: + +&#x200B; + +* Transparent: “...powers effective decision-making around the short-term rental industry with insights from 35 million Airbnb, Booking.com & Vrbo listings worldwide.” +* HiMaintenance.io: “**...the maintenance history of every address in the US accessible starting with permits…Permit data including applicant details, contractor details, and description of work permitted.”** (wtf!) + +&#x200B; + +[So maybe Ron Swanson was on to something](https://preview.redd.it/ge4gedoiyfr91.png?width=500&format=png&auto=webp&s=23157ad208fd5a0cdae845cb79b21d4bb0e4666c) + +* Tether: “...(provides) environmental data as a service. Our mission is to help people find their quiet place. Or to find their noisy place, if that's what they're looking for. We offer information about several different types of transportation noise for any location or across wide areas: Road noise, railroad noise, etc.” +* CredIQ: “CRED iQ is a commercial real estate data, analytics, and valuation platform providing actionable intelligence to CRE and capital markets investors. **Subscribers to CRED iQ use the platform to identify valuable leads for leasing, lending, refinancing, distressed debt, and acquisition opportunities.Tracks maturing loans, expiring leases, detailed quarterly and annual financial statements, delinquent loans, newly issued loans, foreclosures, and REO. Also includes borrower and ownership contact info…”** + +&#x200B; + +CredIQ will come up again later in our story, but for now we take a detour to 2 specific companies in that giant long as fuck (long ass fuck?) list, and what they begin to tell us of what really is on the table. + +# 2. Mapping + +&#x200B; + +[graph theorists in not shambles](https://preview.redd.it/9c7d6ssuyfr91.png?width=2137&format=png&auto=webp&s=fd7e0d054fe05230effe6cf044292b7a0d324093) + +Apart from the shortlist of firms above, there are 2 standouts that I’d like to introduce. Cherre offers these up as third-party candidates for your real-estate needs. + +&#x200B; + +If you read up on them, you might begin to see a bit of a trend… + +* **Mapped:**“Mapped is a data infrastructure platform for Commercial and Industrial spaces. **Capable of quickly discovering all devices on a network**, and extracting data from building systems, sensors, and vendor APIs, Mapped simplifies the integration process down to a single API….Mapped started with the idea “what if every built space had an API?” Getting data out of buildings was a complex, time consuming and often manual process - weeks or even months of work. To solve the problem, we created a knowledge graph of people, places and things using machine learning to automate the process of data extraction and identification. We then built a simple, secure and unified API on top; **now anything that generates data - devices,** sensors, enterprise applications and more - is accessible quickly, easily and securely. + +&#x200B; + +https://preview.redd.it/evluz7lzyfr91.png?width=913&format=png&auto=webp&s=bd61c87d5b7ce67e563dfeda5995e070f4809af3 + +* Safegraph:“SafeGraph is a geospatial data company that curates high-precision data on millions of places around the globe. **Our datasets provide detailed, accurate, and up-to-date information on points of interest and how people interact with those locations**. Our mission is to build the highest-quality places data and make it available to all. That’s why leaders from large organizations like Sysco, Domino’s, Clear Channel, and Avison Young, as well as nonprofits and universities, rely on SafeGraph data to feed their data science models, research, and decision-making.**Patterns data includes visitor and demographic aggregation data drawn from anonymous mobile data and available to be delivered weekly or organized by census block groups (CBG).Places data includes thousands of distinct brands and categories, from large corporations to mom-and-pop stores** and industrial locations…” + +&#x200B; + +Something starts to stick out the more we dig into the types of third-party companies on offer for the real-estate interested. Although Mapped does offer up its own rabbit hole–its site seems to imply its platform can track whether a location recently does everything from fix elevator malfunctions to ensure ventilation/AC is on (BBBY’s AC FUD anyone?)--1 thing sticks out above all else.People count? Visitor data? Mom-and-pop stores? + +This isn’t talking about railroad noise or permits, thermostats and card key systems anymore. + +&#x200B; + +**It’s talking about us.** + +&#x200B; + +https://preview.redd.it/ynb3trt6zfr91.png?width=1003&format=png&auto=webp&s=166e84f8ef87b26f37163cf8eca70baae108099d + +And one firm on Cherre’s setlist sings this tune better than anyone else…even better than Mapped or Safegraph.Their name is Advan Research. + +&#x200B; + +# 3. Advan + +Founded in 2015, Advan is largely the brainchild of CEO Yiannis Tsiounis. Him and a number of his staff (COO Grigoris Reppas), Business Development head Liam Griffin all sat alongside him at one point when he was running BQuotes, “a fixed income discovery platform” back in the mid-00s. + +&#x200B; + +https://preview.redd.it/z6imcp8szfr91.png?width=1222&format=png&auto=webp&s=3c64cc758f4aec23d89ecc2b300b1a379e34c9b5 + +Although they themselves don’t originate from some of the familiar names we’re used to–though CEO Tsiounis was at Etolian Capital, a fixed income hedge fund, and Griffith was as Moody’s Analytics—, their advisory board is. Their advisory board includes people like Alexander Goor who had stints at market makers Instinent/Datek (both companies featured in Scott Patterson’s book “Dark Pools”) and Randall Winn being ex-Goldman and FiveW Capital/Capital IQ. + +Even juicier names come through: advisory board member George Zavaliagkos worked at Amazon on Alexa and the company’s general data collection capabilities (“The Big Mall Short” Pt. 5 anyone?) and also founded high frequency start up Parametros. But juiciest of all? Gil Haddad, head of investment decision science in the Quantitative Research and Investments division at Fidelity Investments. + +&#x200B; + +[Heya apes! Say hello to me, Gil Haddad at Fidelity!](https://preview.redd.it/er2ndikxzfr91.png?width=426&format=png&auto=webp&s=fde55453d63d2c792e6cbeb79c3adf281b8d521e) + +Oh wait, that wasn’t the only juicy part. This was: + +>Prior to joining Fidelity, Mr. Haddad was leading the fundamental research at Point72's central book, and led big data and analytics at Balyasny Asset Management. + +&#x200B; + +Yes, that's Point72 as in home to financial terrorist Steve Cohen Point72. + +&#x200B; + +[Oh you mean this Steve Cohen?](https://preview.redd.it/fcemmc850gr91.png?width=1063&format=png&auto=webp&s=c7e6b1b6f3d5e569d076b73cdfdcdd57d1970409) + +The article only gets arguably worse from there. + +>Fidelity makes a hire from the hedge fund world, eyes Big Data for retail investors +> +>Fidelity Investments is turning to its internal massive data and behavioral science to drive a competitive edge, as the asset management giant lays the groundwork for systematic funds. The firm’s head of quantitative research and investments Neil Constable told MarketWatch in an interview that he hired Gilbert Haddad, who previously worked at Steven Cohen’s Point72, to lead Fidelity’s investment decision science team… + +&#x200B; + +[Say hello to Neil Constable, head of the fidelity dept. that hired Haddad!](https://preview.redd.it/27xa0txi0gr91.png?width=625&format=png&auto=webp&s=c61740cb89fe3c93ce556433b877141dcb735280) + +"\[Neil Constable\] said the firm, which oversees $4.2 trillion of discretionary assets, has enormous internal data on trading activity, “**It’s really applying behavioral finance and behavioral science to understand” what the portfolio managers and analysts are good at or not.** + +>He said Grenier created QRI last year to bring together fixed-income and equity quants, as well as data scientists who work in artificial intelligence and machine learning. + +&#x200B; + +Remember all those memes about Kenny G having psychologists on the payroll? **Fidelity actually doesn’t sound so far off the mark from doing the same here either.**So someone at Fidelity right now (Gil Haddad) not only was part of pulling the “active quant team” from Geode Capital as part of this initiatve, but he’s fucking ex-Cohen and from Balynasy (some might recall as the fellow Chicago hedge fund whose head famously said not to hire Citadel because of all the shady shit they were pulling got out). Lovely and thanks Fidelity! + +&#x200B; + +# 4. Open the Door + +Even further, this article on Haddad opens the window on something relevant to our Advan story: + +https://preview.redd.it/rcikkyfy0gr91.png?width=670&format=png&auto=webp&s=f92e87323839dc5cf0646c1b7cfddbb15a6b87e7 + +>“Fund managers have been turning to so-called **alternative data** (emphasis mine) in a bid for market-beating gains. The data may be collected from online sources such as social media or come from “really obscure” or specialized sets from areas like the shipping industry and consumer retail, said Constable.Fidelity’s advanced data and analytics team acquires alt data, much of which requires some form of AI, such as natural language processing, to organize and make it useful for investment teams, he said.” + +It makes sense perhaps to some of us that they might use social media against us (think of geotagging yourself on SnapChat, Instagram, Facebook, etc. as a major retail store) in case that’s publicly available. SOMEONE needs to sell that data, no? And whether it is our phone service provider or an app selling our data, someone might be pulling that data themselves.And that someone might include Fidelity or, in our case, Advan. + +# 5. Pale Blue Dot + +The phrase “pale blue dot”, for many years, came to us from an astrophysicist; in a vein of poetic flourish, the astronomer Carl Sagan used to describe the Earth as seen from space. Today, in our modern world, much of how we operate owes itself to another type of pale blue dot: the one we see pulled from Google Maps/Apple Maps and their APIs. + +https://preview.redd.it/gavykige1gr91.png?width=463&format=png&auto=webp&s=44715461f7a4ca0993b80ef61fd97288ed0afce2 + +You see, this is because Advan’s analytics platform relies on location analysis above all else. This is part of that new, growing field called the “global alternative data market” that the Fidelity article on Haddad alluded to: + +* “Nowadays, data sources are not limited to transactions and email receipts as companies are finding ways to extract data from various emerging sources. These include social media, web traffic, mobile devices, sensors, IoT-based devices, satellites, and e-commerce portals. The data analysts utilise this data in correlation with each other to derive various hidden patterns and insights. + +Various emerging sources? + +&#x200B; + +[Wait, where people “live and work”? WTF. Ok, maybe they’re just saying this implies where you live and work in case it’s for tracking mortgages or apartments and work separately. Ok. Let’s say that?](https://preview.redd.it/gf6frlli1gr91.png?width=509&format=png&auto=webp&s=83bb3fac5cae184d88fecf663859b211644287f2) + +&#x200B; + +**The mechanics of what we begin to uncover as the opening salvo in the “global alternative data market” is a worrisome one: just how is our data being used against us, and–for the purposes of this episode–much less how is it being used against in the commercial real estate market**. Our answer to that begins in the form of one phrase: geofencing. + +# 6. Geofencing + +Geofencing may be a new term for some, as it was for me, up until recently. So just what is it? + +&#x200B; + +>“Geofencing is a location-based service in which an app or other software uses GPS, RFID, Wi-Fi or cellular data to trigger a pre-programmed action when a mobile device or RFID tag enters or exits a virtual boundary set up around a geographical location, known as a geofence…Geofencing isn’t just for mobile apps – it’s used to control and track vehicles in the shipping industry, cattle in agriculture industry…” + +I first heard of the mechanics geofencing during the pandemic and a specific news story showing how the technology could be used: a circle was drawn around a geofenced map of a beach of spring breakers in Florida. The software then showed that it was able to track these phones/people over time as all these spring breakers flew back home. + +&#x200B; + +[display of the software featured in that showcase](https://preview.redd.it/ofen9jlp1gr91.png?width=820&format=png&auto=webp&s=db497072d7699479895ec4adb4032de9cbf9b7db) + +**More surprisingly, this was crazy because these students were able to be tracked WITHOUT ANYTHING NEW (no Covid apps for those wondering, as this was early pandemic) having been installed on their phone.** This meant that this technology with questionable privacy concerns existed for some time back and was only a new application of an old thing. + +# 7. Where's Waldo? + +&#x200B; + +[Advan says you're fucked now boi](https://preview.redd.it/vjzdxegw1gr91.png?width=590&format=png&auto=webp&s=13ce84a0f821e7b9d2514457648a8952831d5d57) + +Geofencing and geolocation data use is something that privacy advocates emanating from all sides of the fence have been worried about for some time. Despite the worrying news of so many bad things in the world–like the economy shitting itself–news on the uses (and abuses) of geofencing has been raised by privacy advocates nonstop to a high screen in the past year 2022 over many others. + +These privacy advocates from all sides have been flipping shit over the growing worries about geolocation and all its different misuses. In March 2022, privacy advocates flipped shit over a brand new thing: geofence warrants. + +&#x200B; + +Authorities in Virginia violated the Constitution when they used Google location data to find people who were near the scene of a 2019 bank robbery, a federal judge ruled last week.**Law enforcement authorities say geofence warrants are legal because Google users agree to have their location tracked (!)**. Police also say they work with Google to receive only anonymized data until they find a device that draws their suspicion. + +&#x200B; + +https://preview.redd.it/4iaqsns02gr91.png?width=463&format=png&auto=webp&s=c361885b7fdbbedc444b0ec659ec09b11e621cfe + +And even more recently, geofencing, and in particular, Advan itself, was caught in discussions over a recent SCOTUS ruling. No, this was not about the ruling itself but instead a different issue: how companies like Advan’s hoovering up our personal cell phone data was more than fucking problematic. BloombergBusinessweek’s “FTC Joins Push for Rules on Trade of Smartphone Location Data” covered this issue more in depth: + +>…”\[worries rise that\] location data collected and shared by smartphones could be used to prosecute people….safeguards are inconsistent at best. Over the summer, a Bloomberg Businessweek reporter signed up for a free trial on the website of Advan Research Corp…” + +&#x200B; + +**After signing up, a reporter was able to find in-depth data about businesses just by looking for single-street addresses on Advan (if I wanted to, for example look up foot traffic on a bar but it was illegal to do so even on Advan’s own site, I might get the data from Advan by searching for a Chase bank on the same street). Some of this was done even with just the free trial of Advan.** + +&#x200B; + +Data provider competitor Kochava was used by another reporter to track the data on everyday someone leaving a random establishment **TO THEIR FUCKING HOUSE** **(“Because Kochava’s data services also include unique ID codes for mobile devices, the FTC warned, its clients can connect location data directly to actual people”).** + +Remember SafeGraph? + +&#x200B; + +>“Using a free trial of a tool offered by the data broker SafeGraph, Businessweek reporters were able to easily access data about visits to an addiction recovery center in Charlotte, as well as information about which commercial establishments visitors likely frequented afterward. Reporters were also able to see roughly how long customers spent inside a gun store in Plattsburgh, N.Y.” + +&#x200B; + +It didn’t and doesn’t matter what side you are on, as privacy advocates have been yelling: they are using our phone data against ALL OF US. And selling it to the highest bidder. + +# 8. The Highest Bidder + +**Asterisk: yes, Advan as we see is not the only fucko beast as part of this, this so-called “global alternative data market”; competitors like Yipit, Eagle Alpha and M Science are also growing parts of the fold. Last summer of 2021, a finance trade magazine mentioned that the use of these growing datasets was going to expand out of use from just America and towards growing regional economies including in China & India. (As of a year ago, Advan had an office in Dublin, Ireland as well.)** + +But as we see, Kochava, Safegraph, Advan…they’re not doing this out of the goodness of their heart. Of course, money is involved. They are selling, but to who? + +\*\*\*\*\*\*\* + +&#x200B; + +We might start with Cherre as a beginning starting point, and perhaps it makes sense. **Why not real estate investors**? Even those invested in CMBS or CMBX bundles? + +&#x200B; + +And it’d be a good guess. But an incomplete one. + +&#x200B; + +Though Cherre reiterates that its collaborators exist to help real estate needs (“\[we allow\] large investors, insurance companies, and banks to collect, augment, and resolve property data…”), the first dicktwitch of doubt of this being the case for Advan might arise if you were a student at Columbia University. + +&#x200B; + +https://preview.redd.it/nh7ubye33gr91.png?width=694&format=png&auto=webp&s=6a8fb819fd966ea0ac6cc456e722ffe1d7b8d876 + +Whoops I meant Stuyvesant University for all yall Venture Bros. fans + +# 9. CFM-PER + +Ivy League college Columbia University and its Economics dept. has an olive branch handed to some of its students at the Columbia Program for Economics Research, or PER. PER lets students & researchers use datasets for their academic research courtesy, um…wouldn’t you know it, an investment fund called Capital Fund Management (CFM). (How kind of them of that investment fund.) In fact, this is even enshrined in the name: CFM-PER (Capital Fund Management-Program for Economics Research) Alternative Data Initiative. + +&#x200B; + +https://preview.redd.it/wn6156le3gr91.png?width=762&format=png&auto=webp&s=54df94e5ae91a728534b73e24719bda9a80cc8b1 + +Among these datasets that Columbia students at the so called PER program include credit card companies (“**updated daily…at a store level…Each transaction includes the card information, amount, and demographics when the swipe takes place**”) and supply chain relationships (“access to the complex networks of **companies’ key customers, suppliers, competitors**”). If you were a part of this CFM-PER Alternative Data Initiative, you have access to ALL of that (which is frankly fucking insane). + +But also this: + +https://preview.redd.it/socb9mnj3gr91.png?width=225&format=png&auto=webp&s=8b37ae4f90e439794e246efda735a1bb9bb690b2 + +>“Mobile Phone Data – Thasos and AdvanThasos data is derived from volunteered mobile phone location data that has been anonymized, aggregated and vetted to ensure compliance with the highest legal, quality and ethical standards. **Advan provides mobile phone location, truck and weather data for hedge funds, real estate investors and asset managers.”** + +&#x200B; + +Thasos’ data seems to be volunteered; **Advan’s is not.** + +So not only is it insane that a program like this exists where every day students are actively using your and my phone data–the same platform and datasets sent its way to the I’m-sure-they’re-very-nice money handlers Capital Fund Management– in research papers to help an investment firm (CFM) who’s also calling for academic paper suggestions to probably help their investments? Cool! Thanks Columbia! + +&#x200B; + +&#x200B; + +\*\*\*\*\* + +&#x200B; + +**But wait wait wait, this fancy rich twat school** *(in case you’re wondering, a 2017 study put median family income for this school at fucking $150K! Median = MIDDLE!*\*\*) is using OUR phone data…\*\*that’s arguably not even the craziest part.Before we cycle back–and I think you know where this all heading to, in our story of “The Big Mall Short”--we ask one very important question: **Why in the bespectacled cardigan sweatered fuck are these students getting our mobile phone data…** + +&#x200B; + +**not from a real estate firm...** + +**not from a phone company or service provider...** + +&#x200B; + +**…but from a fucking INVESTMENT FUND in the first place?** + +&#x200B; + +&#x200B; + +https://preview.redd.it/7pxlvs8z3gr91.png?width=798&format=png&auto=webp&s=6ab01f797af4f5d81a72917d01549035cb5cd29c + +**EDIT: Added GME relevance** + +# GameStop/GME Relevance: + +In this post & the next chapter, I show that Advan Research & other data firms are hoovering our cell phone data and selling it to hedge funds: 95% of Advan's clients are hedge funds. Advan self-reports its foot traffic data on a T+1 basis (the very next day) & says it is as accurate as 99% to predict future sales; hedge funds can use this info to short accordingly. +Advan currently covers over 3000 tickers; I tracked some samples of CMBS loans (Walmart portfolios) with GME stores as part of them showing that Advan tracks this mall/real estate data for malls containing GME. Advan started offering CMBS officially last year. In Chapter 2, I predict that hedge funds of Advan and other firms have probably been using our own cell phone data to track CMBS/real estate data and have/are positioning themselves short since last year. + +&#x200B; +[https://www.whitehouse.gov/briefing-room/presidential-actions/2021/06/03/executive-order-on-addressing-the-threat-from-securities-investments-that-finance-certain-companies-of-the-peoples-republic-of-china/](https://www.whitehouse.gov/briefing-room/presidential-actions/2021/06/03/executive-order-on-addressing-the-threat-from-securities-investments-that-finance-certain-companies-of-the-peoples-republic-of-china/) + +Executive order active from June 3th, prohibiting Americans from owning/investing in Chinese companies of a certain criteria (mostly all of them) + +This is going to have big implications on the finance sector, Hedgies.r.fuk +Hey everyone, + +&#x200B; + +I wanted to talk about RXMD a little more because I don't believe it's getting the attention it deserves. This is a seriously undervalued ticker which is due to pop at any time now. For those of you who might have missed it, /u/arch1inc released an excellent DD post on this ticker, [which can be found here](https://www.reddit.com/r/pennystocks/comments/lpno75/rxmd_progressive_care_otcqb_40_million_revenue/) + +&#x200B; + +As of writing this, RXMD's current share price is **$0.11808** + +&#x200B; + +First, let's take a look at RXMD's chart: + +[RXMD - 3M,1D](https://preview.redd.it/5sg6itrv2mn61.png?width=2500&format=png&auto=webp&s=243ea9febcf0c24f0a8528be4a50c3d2fec721dd) + +As we can see in our chart above, we have a very healthy volume profile. Additionally, it appears as if we're about to get a lovely bounce off of support to lead us into our next test of resistance. But what stands out most to me here? Look at the AccDist at the bottom - just over **56 million shares accumulated**. What does this tell us? Shareholders are holding for the long-term because they firmly believe in this company. Well, why is there such firm belief in this company? + +&#x200B; + +Because, if we look at [RXMD's otcmarkets profile](https://www.otcmarkets.com/stock/RXMD/security), we can see the following below: + +&#x200B; + +&#x200B; + +[RXMD Share Structure - Low Float Just Over 400 million](https://preview.redd.it/0eaac4mc4mn61.png?width=1774&format=png&auto=webp&s=e344aabeb8601e3e81718625aa730ac6930a1633) + +&#x200B; + +[RXMD Financials - Over $32 Million in Revenue](https://preview.redd.it/gqqsmswg4mn61.png?width=1798&format=png&auto=webp&s=357441cf43eb5adb7058947d3d97831c5ea5c902) + +Looking at the two images above, we have a few things to digest. First, our float is quite low, sitting at just over 400 million shares. This tells us that it won't take THAT much to move RXMD... so why isn't it moving? Because it isn't getting any volume. People simply do not know about it yet. Then, if we take the financials into account and consider the fact that they are generating **over $32 million in revenue, their revenue is steadily growing, AND their debt is decreasing**, it really does not make sense why people aren't jumping all over this. + +&#x200B; + +The reason I wanted to write this post however, is to shed light on the [annual shareholder letter](https://www.globenewswire.com/news-release/2021/03/03/2186074/0/en/Progressive-Care-CEO-Issues-Annual-Shareholder-Letter.html), which highlights some upcoming catalysts and strategic goals for 2021. This can be seen below: + +[RXMD - 2021 Strategic Goals](https://preview.redd.it/w2og0z675mn61.png?width=1600&format=png&auto=webp&s=955a7c445b7c14982648b3acbeef65dc0af0c72e) + +Name another penny that's aiming to realistically achieve over **$50 million** in sales. Name one. Not to mention, RXMD's management clearly has innovative goals in sight by incorporating data-management solutions and launching a digital passport program. Uplisting to a national exchange really is not out of sight for RXMD, all we really need is for people to notice how undervalued these guys are. + +&#x200B; + +I would strongly consider looking into taking a position, since their updated financials will be released by the end of the month. With this report, which is expected to be very positive, very well could be the catalyst to make this ticker explode to at least $0.30. After that, we're looking at at least a dollar in the long-term imo. + +&#x200B; + +This is not financial advice and I encourage you to do your own DD :) +I have my debts paid off, emergency fund, and contributing as much to my 401k as I can, so financially I think I'm in a decent position to start investing some of my cash, maybe like 10-15k. I can see myself using this cash within five to ten years but I don't have a firm goal date and am flexible, plus as a single 25 year old I have no idea what's in store for me when I'm 30 or 35. + +All that being said, right now just seems like a crazy time to be making big investment plays. Many people I know are still unemployed or working at places that are still suffering from the pandemic, but the S&P is basically back to where it was before shit started hitting the fan. None of my friends that trade are doing any trading right now (not that we should base the economy off of tech bros gambling on Robinhood but its worth keeping in mind). + +I know you can't "time the market" but I feel as if entering the market now is akin to entering in 2008. It just feels too risky. Are other people holding off too? +This may have been covered but the following has occurred to me. Not only is the wider coverage tit jacquingly awesome but... every piece of information covered within each production is true. + +Can you imagine the lawsuits etc if the information was speculative and presented as fact. We know we are right, but this is huge confirmation of at least the basic premise/DD. + +Let that sink in for a moment. I wonder what Jon will say about the approval process/information veracity during the AMA tomorrow. I can't wait! +Listen up regards, here is the ultimate $BBBY short squeeze strategy. One week before the next $BBBY earnings buying everything you can buy at a bed bath and beyond. In fact, MAX out your god damn credit card! This will result in $BBBY gapping up to the moon on their next earnings report and causing shorts to cover! Make sure to keep your receipt, so you can return everything the week after they report earnings. And then load up on puts for their next earnings! Rinse and repeat +Hey there. I'm a 24 year old working in finance in the NYC area. For the past few years I have completely paid off my significant college debt (I had to pay for college myself and borrowed ~100k at ~6% average), maxed out my 401k contributions these past two years (which are roughly entirely matched), and amassed a rainy day fund of 50k that I store in my checking account. I've been fortunate with my job and this year am getting 450k in total compensation, and have clear visibility to continued (fairly steep) increases in pay. + +My dream goal is to FIRE by the time i'm 40, with an ideal nest egg of 10mm - I think this is sufficient to ensure a withdrawal of 275k a year (about 200k in today dollars) pretty much indefinitely unless yield curves go absolutely flat. While this definitely seems like a gargantuan task, I have two things going for me: + +1) I think I am reasonably favored to start making 7 figures by the time I'm about 28. +2) Starting next year, I will be able to reinvest into the company fund. While I'm fully cognizant that this introduces correlation risk to my income stream, the returns are better than the broad market and I think 10% is conservative. + +So with this in mind, where do I invest my money outside what I've put in my 401k? I haven't done the exact tax math but let's say I have around 125-150k to allocate. The way I see it, I have roughly 3 choices: + +1) I can stick it into broad market stocks (probably low expense etfs). Boring but easy. I'm not sure what the tax implications of this are in the long term. To optimize a bit, I suppose I can do a back door Roth, but does anyone have experience with whether this is really worth the hassle? +2) At this point I am an accredited investor, so I can purchase 100k lots of munis. Given that I live in New York City proper, I do like the tax implications of these. Purchasing a longer maturity muni also seems to protect me from future tax hikes which seems good. I've only done a quick glance but it seems like tax-backed bonds don't yield that much, and while I can get hefty returns from revenue bonds (4.5% yield translates to something north of 8 when you take the tax considerations into account), it seems that these are quite risky. Does anyone have experience with munis and any advice? +3) I could purchase rental property, on mortgage, as my credit score is good. Most of the risk seems to come from the appreciation/depreciation of the actual property. The city I went to college to actually has a great market in terms of Price/Rent and I feel like I could get a tenant stream from my existing connections in the university. I am a bit concerned that prices have recently risen due to gentrification/tech boom in the city, and very concerned that this will be a much more active form of investing that I wouldn't have the time for. + +Any other good places to park money that I'm missing? Any other advice you have for a young guy trying to figure this stuff out is appreciated! +Hey guys — The wife and I read this sub religiously and we’d love your perspective on a big decision in front of us. I’ve decided to offer only the most relevant context instead of giving you guys a real wall of text. I'll be in the comments if more info is needed. + +**tl:dr;** A complex decision to sell or not to sell (and scale) our company. + + +**Situation:** + +In the past 5 years, my business partner and I have built a business from nothing to just over $4M/year in profit. + +Last year we were approach by our biggest partner with a buyout. It came with all sorts of earn outs and the stipulation that we’d build a team in-house dev and SEO team with our expertise. + +Since then the 3 other strategic buyers have all reached out with high level acquisition talks. + +Thus far we’ve turned them down with multiples ranging from 4x to 9x (the higher end have nasty uncontrollable earn outs). + +For us the biggest reason we haven’t taken one of these offers has to do with not being in control of our future. In every case thus far, everyone has wanted us to join their company and build a team. (“If we were going to do that, we should just build them inside our business!” Goes the thinking.) + +That said, just recently one of the strategic buyers reached out seeing if we’d be open to a “walk away deal.“ No earn outs, just a 6 month transition period and us being available for consulting if needed. We’re still in talks with them and feeling out the situation, but I expect a multiple to be between 4x and 6x. + + +**The Problem:** + +From a /r/fatfire perspective this is the dream situation we were working towards. Walk away and retire in our early thirties to spend time with our kids while they’re young. But now that we’re in this situation I’m reluctant to pull the trigger if we get the offer we want. + +On a practical level, our business still has a ton of upside. With 3-6 more hires I believe we can see 200% growth before we hit a real plateau and have to broaden our focus. + +That said, to tackle this growth we’ll need to grow into a “real company“ with a centralized office and a centralized team which opens up a whole host of new problems that we aren’t experienced at solving. (Our team is entirely remote. Awesome in many ways, terrible in many others.) + +If we don’t go the centralized route, growth will surely slow. (Distributed teams larger than 8 are insanely hard to manage). When I sit down to model it, I think we’re looking at 1-2 more years with roughly flat earnings with our current team. From there I’d estimate that earnings go off a cliff as the competition outspends/catches us. + +If we do go the centralized route, the theory goes that it gives us more time to grow profit and we could sell for higher multiple or hold onto the company. + +**Partner Context:** + +When we get down to it, I think my partner is more ready to sell than I am. My identity is still tied up in the business, where he’s ready to cash in. + +For the past 24 months, I’ve been carrying increasingly more of the work and management. Today, the work contribution isn’t relatively close to balanced (on this end it feels like 80%/20%), which has caused conflict. + +Thus far, we’ve navigated these conflicts well, but I’m under no illusion this will become a real problem if we continue to grow. + +Ironically, it isn’t the money that motivates me to sell. It is conflict avoidance with my partner that is the #1 reason for me to want to sell. + +At the surface this seems like a terrible reason to sell… But, then when I think about a major shareholder being completely disengaged in a midsize company and I suddenly snap back and think it may be the BEST reason to sell. + +**The Question:** + +I realize that no amount of context will put you in my shoes. But, given the context above, which route would you proceed and why? + +1 — Don’t sell. Keep scaling and tackle the disengaged partner problem head on. + +2 — Build a team and then exit with a goal of selling in 24 months. (Something my partner finds appealing.) + +3 — Sell with the mentality of: “It’s been a good run, now build something real on your own after a couple years off.” + +4 — Something Else. :) + + +Thanks! +My CPA just finished my 2019 return and to my surprise, I generated about ~250k more in dividends than the year before. It turns out that diversifying a concentrated position (single company stock that has great growth but no dividends) into the broader market (mostly direct indexing the Russel 3000) had the unexpected consequence of a lot of dividend income. + +This is actually extremely undesirable when we don’t need the money since the marginal tax rate per additional dividend dollar is quite high and I’d prefer to just have growth in the underlying asset so we can time when to take the gains or borrow against the asset instead of paying taxes. + +Is there a way to stay indexed to the market while excluding dividend stocks? I suppose I could add everything that produced dividends to the direct indexing blacklist, but I’m worried about drift. +Back around 2007-2012 I had an IRA index fund following the Russell 2000. I don't remember the name of it, but it did very well compared to the overall market but when it started slipping I re-allocated to VFIAX and have done well since. + +Just looking at chart, the R2K has well underperformed the S&P 500 so I wonder if now might be a time to get back in? My understanding is that index funds don't work as well in the R2K because there are a lot of companies moving in and out, so I would love any suggestions on a good mutual fund or ETF for this. +In the scene where they explain the "Synthetic CDO" they say that people make bets on bets on bets and so on. The odds for 'losing' or defaulting get higher and higher as the synthetic CDO chain goes back. + +Does this imply that the people who were on the other sides of the synthetic CDOs made a fuckton of money when the housing market crashed? It sounds like the synthetic CDOs are the Credit Default Swaps that Burry was trying to purchase in the beginning, but nobody was selling at the time. +With companies like overstock.com accepting bitcoin, it is safe to say bitcoin is not going to die anytime soon. If history means anything, every time bitcoin "crashed", the price skyrocketed soon after. We're in a pretty strong demand zone right now. Anything below $600 is a bargain IMO. +I don't think this is a normal recession-recovery situation. It's not a business event. It's a completely artificial event. That means that looking at how this is going to unfold in terms of past recessions — and particularly a lot of people are going back to the Great Recession about a decade ago — is probably not going to provide much in the way of useful guidance, at least that's my opinion. + +The worst weeks for unemployment in U.S. history were recorded over the past three weeks: 3.3 million were reported on March 21, 6.9 million on March 28 and 6.6 million on April 4. Before the pandemic, the previous worst unemployment week was recorded in October 1982 when 695,000 people filed jobless claims. + +I wanted to share some insights / stats with you and get your opinions. + +The best-case scenario for the COVID crisis is a V-shaped recession. If this happens, the economy will rebound as quickly as it has declined, with minimal long-lasting financial damage. A sharp downturn followed by a quick rebound in growth defines the V-shaped recession. For the COVID-19 recession to be V-shaped, we would need to set up enough coronavirus testing so that people could safely go back to work without creating another surge in cases, and effectively treat existing cases. Around 38% of companies believe that the recovery will be V-shaped, with the economy rebounding by the third quarter of 2020, according to a survey from EY. + +If COVID-19 causes a longer, U-shaped recovery, that could mean the economy wouldn’t begin recovering until the end of 2020 or even early 2021. EY found that 54% of companies believe that a U-shaped recession is likely. + +Those arguing for the V-shaped recovery are making two wildly unrealistic assumptions. One, we re-open the economy pretty much all at once, and two, consumers won’t change their behaviors. For example, they start going back to bars and baseball games immediately. + +I just sold most of my indices and am thinking about shorting S&P500. The recent rise in the equity indices appears based more on FOMO than on medical developments for dealing with the pandemic. I suspect markets will test previous lows set in March, similar to 2008-2009. + +What do you think about an upcoming recession, and about the steps needed for a economic recovery? +Prince Harry and Meghan to "step back as ‘senior’ members of the Royal Family and work to become financially independent" + +www.telegraph.co.uk/royal-family/2020/01/08/prince-harry-meghan-step-back-senior-members-royal-family-couple/amp/ +When I was brand new to investing, and had not figured out my plan yet (buy and hold VESG/VAS for decades), I bought ASIA Tech Tigers at $11.92, thinking it was ready to rebound any day now. +Bought again at $9.50 when I was sure it must be near the bottom. And taking my cost base down to around $10.64, at the time thinking I would ride out the storm and sell once it gets back up to my break even point of $10.64 and roll the funds into my now plan of ~80VESG/~20VAS to clean up my brokerage account and have just 2 funds. + +Today I have bought more at $5.99 taking my negative return of ~-43.50% (cost base of $10.64) to ~-25% (cost base $8.05).. + +Is this a method others have used to get out of a similar situation faster? +Or is this a foolish approach? +I've taken some work as a drone piilot. The hourly rate I have quoted is to cover my overheads plus my salary. When I invoice my client should I be charging them GST on top of the hourly rate? My over heads at the moment to run the business are low ~$3000pa and I will have covered those cost and generated profit after my first job. + +I have done some reading and understand I don't have to register for GST but I'm still unsure if weather I charge for it now or when I invoice. If I don't do I have to pay it later? My client does require I generate a tax invoice for them and they will be paying me by credit card online. +After some ideas of how people go about doing life as a team. + +Do you both have your own bank accounts, and pay into a shared account for bills? + +Do you divide up bills on percentage? + +Do your pays go into a joint account and you take a little pleasure money from the pooled funds? If so, how do you handle any conversations about your personal spending? +What's the meaning of Confidential when the info is out in the public? + +[https://www.bloomberg.com/news/articles/2020-06-09/cloud-data-firm-snowflake-said-to-confidentially-file-for-ipo](https://www.bloomberg.com/news/articles/2020-06-09/cloud-data-firm-snowflake-said-to-confidentially-file-for-ipo) +In pre-market trading, the big names in tech had all dropped by 3-5% after the news of the Ukraine invasion broke. Now they're all 2-3% up from yesterday's close (except Apple, which is at about 0% change). Why would market sentiment flip this drastically over the course of just today? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Decipher, Algorand's major conference, is currently underway. There, Gary Malouf, Head of Engineering at Algorand, and Rotem Hemo, Director of Product Management at Algorand, just announced that state proofs will come to Algorand in early 2022. With stateproofs, Algorand will be the first blockchain to provide a post-quantum security solution. On the roadmap are post-quantum secure catchup (integrating state proofs in to the catch-up process), zk-SNARK proofs (efficient and cheap verification of state proofs) and light clients (tools to help entities use state proofs). So your transactions will live forever on the blockchain. + +&#x200B; + +Other exciting news in my opinion were: + +* Francis Suarez, 43rd Mayor of Miami, has agreed to receive every other paycheck in Algo +* Hivemind, a $1.5 billion venture to institutionalize crypto investing, has selected Algorand as a strategic partner +* Moreover, bank-issued stablecoins ("Digital Deposit Receipts") will come to Algorand and Ethereum. VCAD was minted yesterday on the Algorand mainnet. US Dollar version will follow. +* AXA XL, the U.S. subsidiary of AXA S.A., the world's third-largest insurer, is working with Algorand on an art insurance platform (money for your art) +* One of the world's leading manufacturers/retailers will introduce a first-of-its-kind Buy Now, Pay Later platform on Algorand +* 1&1 is working on a digital-asset exchange and commerce engine that will create fungibility across cryptocurrencies, loyalty points, rewards, and fiat currencies +Long time user, but I'm using a new throwaway because I'm paranoid. + +Partially this post is just because I need to tell someone, and no one knows other than my wife. + +The other reason is that I want remind people that this is a marathon, but that you can do it with dedication. + +Aug 2016 will be 19yrs since I left home with a beat up Honda Civic, some clothes, and $1,027 in my bank account. + +Today, I did a net worth calculation, and I have $1,042,011 in total assets. + +Cash $31,129 3% + +Emergency $49,953 5% + +Long Term Sav $50,745 5% + +Brokerage $229,656 22% + +Retirement $412,527 40% + +Home Equity $268,000 26% + + **$1,042,011** + +It has not been easy, but at the same time, I have not been living on ram-men for 19yrs. I do drive a 9yr old pick up truck, but I live in a bigish nice house with a wife and 2 kids. I've been able to travel, and splurge here and there while generally staying on track. + +The first year was the hardest. Each year has gotten easier. + +I'll need to slow down some of my savings shortly to divert more funds to the kids 529 accounts to start maxing them out, but it will not stop the growth. + +I do know that I am too cash heavy at the moment. I'm working through some portfolio allocation decisions and there is some job risk for me at the moment, so it is temporarily the right thing to do, but I do need to sit down and plan. + +The home equity is the zillow estimate minus the loan balance, I know there would be closing costs and the estimate could be off... but the $42K I'm over the line feels like enough to call it real for me (that is why the "kind of" in the title) + +So I guess AMA... hopefully this came off as more helpful/positive than it did bragging. + +I see a lot of posts that speculate on which way the market might go based on market maker's obligations under expiring contracts on any given Friday. + +I've come to look at market makers like the house you have to place your bets with them. Because they're liquidity providers they're taking bets but they are also allowed to place orders and trade money like anyone else so they have a vested interest in the outcome of some of the bets they take. + + In their role as a liquidity provider do they ever take options contracts where there is no other buyer on the other side it is just simply them? Because if that's the case then I would think they're motivation to force contracts to close out of the money would be very high, if not, and there always has to be another individual on the other side of the contract purchase then all the speculation doesn't really make a lot of sense but I'm asking? +Title tells it good, I guess. Basically I know nothing about investing or the stock market so I would appreciate greatly if someone could give some advice. +I am so happy to have found such a great resource. My partner and I are really struggling financially and this has been so helpful in knowing where to start. Every month we spend probably less than a week total not being in our overdraft, and at the end of the month we are always at the very end of them. + +We also get paid at different times - my partner on the 1st, me on the 15th - and all our bills come out before my payday which usually screws us for a few days. The last 2 months, we have borrowed money from my cousin to cover the few days between our loan repayment and my pay. We finally got around to changing the payment date to after the 15th so this won't be as much of a problem going forward. + +I feel like we actually are earning enough money to be making progress on getting ourselves back on track; however our spending is totally out of control and an absolute mess. Food especially is a nightmare for us - I work in a (expensive!) petrol station and buy food there a lot, partner drives for a living and often buys lunch if he forgets to make it. We both have ADHD (I'm the only one diagnosed) so planning, impulse buying, just functioning in general are a nightmare for us. Last month we had 86 transactions for buying food which totalled £650. Only about £100 of that was groceries, the rest was impulse spending and one night out. + +Right now we each have 1 individual account, plus we have 1 joint account. My partner has a £1,000 overdraft on his account, and we have the same on the joint. I don't have an overdraft. We do have savings accounts but they are both empty. We don't have any credit cards but we do have a loan, a car on finance, and a mortgage. Our mortgage payment is about to go up (assuming it gets approved - I'm having big anxiety that it won't) and I am fed up of being constantly broke so it was time to deal with this. + +My idea is actually to create another joint account, one that we don't easily have access to via an app, or cards for, so we don't ever actually "see" the money unless we log on to it. All the money for our fixed outgoings/direct debits etc, plus any "extra" not for spending, gets put in that account where we can't see it, and by extension, can't spend it. Then at the end of the month the extra can go towards paying off whatever is next on the list. + +Money for essentials like food, fuel, etc goes into the joint account where we both see it. "Free" money for us buying whatever we want goes to our personal accounts. + +This is my first time trying to do a budget, please could someone advise if there's anything important I have missed, and/or need to alter. Haven't included anything for clothes as we don't really buy many, or gifts as we can't really afford at the moment. I cut our hair (badly). Will get a couple Christmas gifts for the kids in the family but nothing else this year. + +# Budget + +**Income** + +*Both of our incomes are due to go up slowly over the next few months but don't want to rely on that so basing it off current total.* + +£3,000 + +**Fixed Outgoings (everything rounded up to nearest £5)** + +*These are all auto-payments which I'd like to set up to come out of the "invisible" joint account* + +* Mortgage £450 +* Council Tax £150 +* Car Finance £180 +* Car Loan £160 +* Car Insurance £130 +* Car Tax £45 +* Home Insurance £40 +* Life Insurance £80 +* Unions £25 +* Mobile Phones £105 +* Electricity £105 +* Broadband £30 +* Horse Field Rent £60 + +***Total - £1,560 (thought I would round up to £1,600 to be safe in case I missed anything/we have an unexpected bill)*** + +**Other Essentials** + +*This money would go in our main joint account to be accessed as needed but where we can both see* + +* Fuel £500 +* Food £250 +* Animals £100 + +***Total £850*** + +**Health** + +*This money would go in our main joint account to be accessed as needed but where we can both see* + +* Chiropractor £70 +* Therapy £90 + +***Total £160*** + +**TV and Entertainment** + +*Not sure whether to put this in the invisible joint or the visible one right now.* + +* Playstation subscription £5 (it's annual so I divided by 12 and rounded up) +* Spotify £15 +* Netflix £10.00 +* Misc. for games/cinema etc £20.00 + +***Total £50*** + +**Other/Personal Spending** + +*Personal accounts* + +* £70 each + +***Total £140*** + +# Total outgoings: £2,700 + +This leaves us with **£300** each month to go towards actually repairing our finances. + +Here is where I get a bit confused on our next step. Should we prioritise paying off our overdraft before thinking about overpaying loans? My gut says yes, but I am not financially smart. Also, I know as soon as that money goes to our overdraft, we will see it and spend it. So my thought is, are we better to hide it from ourselves in the "invisible" account until we can completely repay an overdraft and then close it/reduce it to like, £250 max? Right now we have £2,000 of overdraft available to us which is 2/3rd of what we make and it scares me. + +Right now we are also pooling almost all of our money which, longer term, I'd like to obviously be able to both have more money for ourselves, but I feel like we need to improve our financial health first. + +I also feel like allocating money for therapy and a chiropractor is a luxury but I know without those things we will both be miserable and impulse buy harder. And £70 each for spending feels like being tight but my hope is that this is short term pain long term gain. My partner is slightly better than me when it comes to not spending money; however I am the only one who can/will make a budget, sort out the banking etc, and *try* to hold us to it. I feel weird dictating how he spends his money but he says he is happy with what I have come up with. + +This has taken me all weekend to do between shifts and I have hardly slept cause I can't think about anything else, hyperfocusing has it's silver linings I guess though cause at least I am getting done. Yesterday I felt overwhelmed and despairing, then I looked at the previous month's spending, got hopeful that it was doable, then made a budget including future things I needed to think about/factor in (like insurance and tax for our second car which we did annually last year but will need to renew soon and probably won't be able to avoid doing monthly this time), remembered how anxious I was about the mortgage renewal, got overwhelmed and stressed again, decided to post in this group for support, doing so calmed me down a bit and cleared my mind. + +***TL;DR - we suck at money, I made a budget, I have some questions.*** + +1. ***Do I need to change/add anything to the budget?*** +2. ***Should first priority be overpaying loans, or reducing overdraft?*** +3. ***Do those two things come before or after the 1-3 month emergency fund?*** +4. ***Is the emergency fund designed to cover the fixed outgoings and essentials only or the extras like entertainment etc as well?*** +She says she put the extra money in the system and that's what it paid me and she thinks my tax code may have changed "or something". +I'm paid £17,000 a year before tax. + +Have I lost this £91? +Could my tax code have changed in June? I get no pay slips so i'm not sure what's going on. +Any help at all is really appreciated because I'm not tax savvy at all. + +EDIT: +A big old thank you for your help everyone! It turned out my employer had me down as having two jobs there, one for £15000 and one for £22,000 per year and therefore two tax codes. I created an online account and phoned HMRC, I'm due over £500 tax back from last year & will be due more back for this year when I get my new tax code. + +I will be keeping an eye and requesting payslips and a P60 from now on. Lesson learned! +Just curious to see real examples of what sub $30,000 budgets look like in retirement. Personally I'm planning for around $40,000 - although my base expenses (paid for shelter, food, clothing, insurance, gas, communications) are around $18,000 per year here in MCOL area Canada I am anticipating nearly $20,000 for the following: + +travel - 12,000 +hobbies - 2.000 +medical costs not covered by Canadian health care - 2,000 +auto replacement and repairs - 2,000 (newish car every 12 years) +house repairs and upgrades - 3,500 +vet costs - 1,500 + +In other words these non recurring costs will be the majority of my expenditures. Yes they are hard to quantify but an attempt must be made. I wonder if all of you have factored for the above thoroughly enough?? The nice thing about these costs is that they can be deferred in some cases....lean year in the markets? Well let's put off that slow travel until things pick back up....some of them can't though like a new roof, appliances, etc + +Would you take that option above? Close to stores and other stuff as well. Car payment could be coming in 1-2 years. No traffic commute, could walk. I get $3000 per month after taxes. + +Current situation is 27% with rent and phone included, but 76 mile round trip commute, 2.1 possibly up to 3 hours per day commuting. +# Intro + +We often discuss on this sub how the members are not representative of the UK - attracting those at the extreme ends of the scale. + +After improving my finances with *the flowchart* and /r/YNAB I've also started to track my net worth in Excel so I can create additional charts! + +After becoming thoroughly embedded in the purple Step 8 of the flow chart, I recently created a chart of lifetime earnings and net worth, shamelessly ~~stolen~~ inspired by this [article](https://www.mirror.co.uk/money/woman-explains-how-retired-just-25079283). + +I added UK Average as a benchmark (while it won't really change the outcome, a benchmark does add some context). Since I'd pulled the data, I thought sharing it here could promote some interesting discussion and maybe help give some perspective about our community. + +# Charts + +[https://postimg.cc/gallery/bvdsrpj](https://postimg.cc/gallery/bvdsrpj) + +1. UK Average Lifetime Income and Net Worth +2. UK Average Lifetime Income and Net Worth (16-40 at a better scale) +3. UK Average Lifetime Income and Net Worth (40-60 scaled as best I could, note Y-Axis starts at £100k) +4. Change in Net Worth from Previous Year +5. Average Income By Sex +6. Average Lifetime Income By Sex +7. Data Table + +# Sources + +Income: [https://www.ons.gov.uk/peoplepopulationandcommunity/wellbeing/articles/humancapitalestimates/2004to2018](https://www.ons.gov.uk/peoplepopulationandcommunity/wellbeing/articles/humancapitalestimates/2004to2018) + +Net Worth (NW): + +[https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/totalwealthingreatbritain/april2016tomarch2018#total-household-wealth-by-age-of-household-reference-person-hrp](https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/totalwealthingreatbritain/april2016tomarch2018#total-household-wealth-by-age-of-household-reference-person-hrp) + +# Methodology, Assumptions & Limitations + +**Income/Earnings:** Nothing particularly sophisticated - data copied and pasted directly from the ONS source. Average Income calculated on the assumption of 50% distribution between the sexes. I think it's more like 49% male and 51% female. The source doesn't mention gender, only sex, so more data or statistics would be required to draw any further insights. + +Annoyingly, it's not clear whether this is gross (pre-tax) or net (post-tax) income. Compared to other similar statistics, it is *probably* gross income. + +**Lifetime Income**: Running total of income. + +**Net Worth (NW):** I could only find Household NW data for the age group of the "[Household Representative Person](https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/families/articles/familiesandhouseholdsstatisticsexplained/2021-03-02)" (HRP) so there were more calculations/derivations involved in this dataset. Includes property, financial assets (investments, ISAs, bank accounts), pensions and physical wealth (cars, jewellery, TVs, yachts (probably)) + +To calculate individual NW, I divided Household NW by 1.9 (the average number of adults per UK household) . + +For each age group (e.g. 16-24) I picked the middle age as a nominal age (e.g. 20) and assigned the NW figure to that age group. + +For each age group, I assumed that the rate of change in net worth was constant a constant percentage for each year in that age group (16-24 was 6.752%) - therefore the change in NW compounds for each age group, which is *probably* more representative than assuming a constant £x increase in NW each year between the known figures. + +There are 5 main limitations of this methodology for NW that I can think of: + +1. For the age groups under 60, it's likely that the oldest members have more wealth than the younger members, so the data at the bottom of the age groups will be skewed upwards. +2. Since I am using Average (mean) data, rather than median data, this also tends to skew income and wealth data upwards. I'm extremely skeptical that about an "average" 16-24 year old having a £34k NW. I suspect this is because of the way the HRP is decided - most 16-24 year old with low NW are likely to be living with their parents, so excluded from the data. I expect it is more accurate for adults. +3. While typing up the post, I realised I assigned all data for 65+ to exact age of 65. While I did ensure the maths was correct for a smaller 5 year set, I should have either ignored this data or looked up the average age for the 65+ group and used that age, but I've already wasted too much time on this post! +4. The data is somewhat out of date, but given the broad reach, should be reasonably representative (although COVID has probably introduced some anomalies since the last couple of years have been anything but normal) +5. The NW data is based on historic economic events (e.g. rises in house prices) it may be more challenging for some age groups than others to build similar wealth by the time they reach the older parts of the chart ("past performance is not an indicator of future performance"). All you can do is make good financial choices at the time you make them. + +Chart (4) Change in NW from Previous year is probably a good visualisations of the limitations of my data analysis. Smoothing the rate of change between the age groups could be beneficial. + +I hope you find this interesting and/or useful. Let me know if you think there's any other interesting visualisations for this data that I've missed and I'll see what I can do. + +**Edit:** Thanks to you some useful discussions in the comments, I have moved the lifetime income by 1 year of age and updated the charts. + +Example: + +20 = Lifetime income of £26,993 (total of earnings 16-19) \[plus an annual income of £12,049, not included yet\] + +21 = £390,043 = £26,993 (lifetime income on 20th birthday) + £12,049 (money earned while 20) +I have the feeling deep in my autism that the federal student will end catastrophically and that means there is likely money to be made. I need help betting against the success of student debt. Is there something like debt futures or something I can take part in? Maybe just buy PUTS on the federal department of education maybe? I'm prepared to YOLO every on Sebulba! +I currently live with my parents, but I really want to buy a house within the next year, and then get married a year later after my girlfriend finishes college. + +The thing is, i don't know if it would be worth it for me to buy my own place as soon as I find what we want, or if I should wait until my future wife has a job and can help with the bills. + +My parents are perfectly fine with letting me live at home as long as I need, which I know is saving me a lot of money. So should I continue banking my money until it is closer to the time when my girlfriend can move in (we will not be living together until we are married), or should I get a head start now? + +I am interested in an older inexpensive house, even kind of a fixer-upper (my dad is a carpenter and handyman) and at least 2 acres of land in a rural setting. + +Thanks in advance for any advice! + +EDIT: spaces between paragraphs. +Looks like many sites have been hit with a front end attack. Some like Spirit Swap are reporting the attacker managed to change swap address by hacking into AWS.. + +[CoinGecko warning.](https://preview.redd.it/1779ljhufbz81.jpg?width=1148&format=pjpg&auto=webp&s=879b1a7b479a6e18bffef7772e9dfb2c62cf499a) + +>Security Alert: If you are on the CoinGecko website and you are being prompted by your Metamask to connect to this site, this is a SCAM. Don't connect it. We are investigating the root cause of this issue. + +Incomplete list of services that seem compromised as of now: Etherscan, Curve Finance, Coin Gecko, Spirit Swap. Many more could be too, till the team verifies or confirms them + +Seems to be a front end hack where some kind of Metamask pop up keeps appearing when visiting these sites. + +[Spirit Swap is reporting the attacker managed to change swap addresses for transactions to steal funds. ](https://preview.redd.it/x8c3c0wbhbz81.jpg?width=1174&format=pjpg&auto=webp&s=fd7b1f3391534aad86ce3f6627b47f6f72427645) + +Users on Etherscan have also reported the same thing. + +[Persistent connection dialog boxes that dont seem to go away. ](https://preview.redd.it/uko9no4ogbz81.jpg?width=1182&format=pjpg&auto=webp&s=17c905b9e2a61a91bb70615dba3b36ee5962c3ed) +Looks like many sites have been hit with a front end attack. Some like Spirit Swap are reporting the attacker managed to change swap address by hacking into AWS.. + +[CoinGecko warning.](https://preview.redd.it/1779ljhufbz81.jpg?width=1148&format=pjpg&auto=webp&s=879b1a7b479a6e18bffef7772e9dfb2c62cf499a) + +>Security Alert: If you are on the CoinGecko website and you are being prompted by your Metamask to connect to this site, this is a SCAM. Don't connect it. We are investigating the root cause of this issue. + +Incomplete list of services that seem compromised as of now: Etherscan, Curve Finance, Coin Gecko, Spirit Swap. Many more could be too, till the team verifies or confirms them + +Seems to be a front end hack where some kind of Metamask pop up keeps appearing when visiting these sites. + +[Spirit Swap is reporting the attacker managed to change swap addresses for transactions to steal funds. ](https://preview.redd.it/x8c3c0wbhbz81.jpg?width=1174&format=pjpg&auto=webp&s=fd7b1f3391534aad86ce3f6627b47f6f72427645) + +Users on Etherscan have also reported the same thing. + +[Persistent connection dialog boxes that dont seem to go away. ](https://preview.redd.it/uko9no4ogbz81.jpg?width=1182&format=pjpg&auto=webp&s=17c905b9e2a61a91bb70615dba3b36ee5962c3ed) +I noticed on my credit report there is an enquiry placed by the bank of England entitled "the governor and company of the bank of England". The purpose was an enquiry. A quick Google didn't show any useful results and as such I am wondering why. Anyone have any ideas or experience why this occurred? + +Thanks in advance +Hello all, + +As society is going increasingly cashless, me and my Dad need to find a way to maintain my disabled brother with some financial independence. He has autism and other complex disabilities, in the past whenever he wanted to go out, we'd give him whatever cash he needed and he'd manage it. + +He doesn't have his own account, my Dad (formal carer) receives my brother's PIP payment to his own account and along with my Dad's carers allowance, that covers living expenses and whatever my brother asks for. We maintain a savings account for him also, but again it's in my Dad's name. + +My brother is only just happy to go out alone locally after the pandemic, but his local cinema have stopped using cash and now use cashless ticket kiosks. We need a method for him to use a contactless card, that's not my Dad's and doesn't contain large amounts of money, because he wouldn't self-manage it and would top up with his PS5 with huge amounts of PSN credit and drain the card. + +I've tried looking into pre-paid cards but the options seem quite limited? I need it to be a physical card I can give him with limited amount of money, top it up remotely myself via an app or online (my Dad isn't tech savvy) and my brother doesn't even have a good smartphone (and is refusing to let us buy him a more modern one) that he could even show a cinema ticket code on. + +I knew vaguely there are visa/mastercard gift cards, but as far as I know you can't keep topping those up or continually manage them via app/online? + +Any advice is appreciated, ideally I'd like my brother to begin managing a card on his own, but he has no credit history, has never had a job, paid taxes, etc so I don't know how easy it would be to get him a current account of his own or if he would pass a credit check. + +Edit: So many amazing suggestions, thank you everyone! I've ordered a connected card via Starling for now, but am going to look at some other suggestions (HyperJar, etc) and also at long term solutions for his banking. I love this community, so helpful! +I have been in the market to lease a vehicle, and I've encountered a few situations where the online advertised price suddenly gets higher at the dealership for one reason or another. I recently found the vehicle and deal I'd like to move forward with so I scheduled a test drive and went to the dealership to discuss the details. + +I brought a printout of the deal advertised on the manufacturers website, and had all my own information in order before going. I foolishly offered a trade in and was surprised when they said they could give me an offer well over the value of the trade in, so I asked to see the final numbers. The monthly price and downpayment were exactly what was advertised and I was ready to seal the deal...then they told me that the pricing I saw included the \~$2,600 positive equity in my trade in. + +I asked for a more detailed breakdown and they had to get the manager. He came and tried to confuse me with other printouts and explained away the additional charges as being "tax, license, registration ,etc.". I asked him for a detailed breakdown of the exact cost for the tax, title, license, etc., he went back to his office again, and suddenly the deal dropped down to about $80/mo over what was advertised but this time without any trade in. I told the manager that he was closer, but I still wanted to get the exact deal specified online. He went back to his office a second time, and didn't come back again. + +I told the salesperson that I appreciated their time but I was not willing to settle for a deal that was anything above the advertisement. She called the manager and suddenly, like magic, the offer on the table was exactly what was advertised online, no trade-in, nothing extra. I signed the paperwork, and the salesperson later said to me "Wow, you're very smart. Maybe you should sell cars here, you really knew your stuff and got a great deal." + +That was my first time standing my ground, asking to see all the numbers and getting an actual good deal at a dealership. I'm sure all situations and dealerships will vary, but do your research, know exactly what is advertised and don't be afraid to stand your ground and even threaten to leave if they won't give you a deal that you approve of. Remind them that you have other options and won't be manipulated into a bad deal. +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. +Hey all. I'm trying to figure out how to handle 457(b) contributions for me and my wife. Our annual income is currently $223,000 and I expect it to grow steadily over time, probably maxing out at $300K-$325K. We are fortunate to be in public sector jobs in a state with a well-funded pension system. Assuming we both work 30 years, and our salaries stay exactly the same as they are today, our annual pensions will total $145,000 starting at age 62. With modest salary growth built in, that amount increases to $180K - $200K. + +With Social Security included, we *may* wind up with non-adjustable retirement income being as high or higher than during our working years. To me, that tilts the scales in favor of Roth 457(b) contributions. If we were to build up a large Traditional balance, the RMDs would be painful. + +Ideally, we'll be in a position to RE by age 50. This could provide opportunities to convert some or most of the Traditional balance. I still feel a bit uneasy, though. I can't help but feel that I'm giving up something I can control (contributing at my known current tax rate) for the hope of a more favorable environment in the future. Obviously, tax rates could be higher in the future, but I also may end up working until age 62, with the pension starting in that year. There's a fair chance that I would lose those years of conversion to an unforeseen circumstance that forces me to keep working: college bills for our newborn, a health issue, etc. There are countless people who plan to retire early but just can't do it for a variety of reasons. I suppose the counter argument to that is that many people *are* forced to retire early, in which case I would have some time to convert the Traditional balances. + +There's almost a comfort in knowing that by contributing to Roth now, I lock in the tax-free growth and I won't need to play the conversion game in the future. But, it's painful to pay both federal and state income tax on our full salaries (we have no deductions available other than the SD). + +One thing to note: if one of us were to take a private sector job, or our pensions were suddenly cut in half, I would absolutely go Traditional. + +Am I a little crazy, or does this sound reasonable? Thank you all. +I'm extremely dissatisfied with my current job. I've had a successful run, including a recent promotion, but the leadership in the team has disintegrated over the past two years, to the point that there is now no one amongst my team's leadership that I respect or want to work with. + +As my own litmus test on whether it's just me vs a systemic issue, other teams have also been noting that my team is highly toxic. + +Because of this, I'm strongly considering switching jobs. I've been in discussions with potential employers, with formal offers of up to +40% of my current salary. However, I've been turning down these offers since I didn't feel ready to jump at the time. For whatever reason, I suddenly feel ready to jump now. I would he getting paid better, experience lower levels of stress, and focus more on the type of work I like. + +My question is, given the current economy, would it be a bad idea to change jobs now? I would have to get used to a new team and go through a probationary period, which basically means no job security for at least 6 months. + +Are the potential benefits worth the risk of being let go at a moments notice given the current state of the global economy? +Hi all I did the impossible and got a job, picked myself up a 9-5 as a phone sales rep, I'm really excited and the culture of the business seems very positive and progressive. + +**I'm looking for tips to set a good impression** and maybe things I might not have thought about full time employment. + +I think I need an iron and something proper to shave my face with lol and more clothes, give me some of your best tips. + +Also head up to anyone looking for jobs took me 9 months after finishing my degree, feel so fortunate to get this role +Hi All, + +I have 300k to put in ETFs, was thinking making a SelfWealth account and to put it all in VDHG. + +Would it be better to buy it all in 1 go or to stagger the purchases? + +Thanks +I’ve been at this tech company for 10 months or so. We are due to discuss pay rise as part of our yearly review which I performed remarkably well in. I’m hoping for 10% increase. I have provided an impact and have expert skills that the rest of the team is really weak in. + +Would it be difficult for me to negotiate a pay rise? Is 10% even realistic? That’s what I’ve got from previous company which was not really tech. It’s worth noting that my company has been fine during Covid. Infact they thrived from it. +# What's Happening + +At 1488812400 UTC (06 Mar 2017 16:00:00 UTC, or 2am on the 7th in Australia) +[XO.1](https://xo1.io) and [Flux](https://voteflux.org) will be demonstrating the +throughput of the [SecureVote](https://secure.vote) voting system. Over 1 million +votes per minute will be anchored to the Bitcoin blockchain, for a +total of approximately 1.5 billion votes over the 24 hours. + +This will take place through approximately 11,000 transactions over 24 hours. This is about 4% of Bitcoin's capacity +so may cause increased confirmation times and/or fees. + +Source code and documentation can be found at: +[https://gitlab.com/exo-one/svst-docker](https://gitlab.com/exo-one/svst-docker) and we have a +[white-napkin](https://gitlab.com/exo-one/svst-docker/blob/master/svst-docs/secure.vote.white.knapkin.md) +if you'd like some more technical data. + +You're welcome to run an auditing node to verify the throughput of this stress test for yourself. +(This can also be done after the stress test has concluded) + +If you have any questions please leave them below and I'll expand this post. + +During the stress we'll host a publicly accessible vote-explorer / dashboard at +[http://demo.xo1.io/index.html](http://demo.xo1.io/index.html). The best time to tune in will be about 15 hours after we start as we cross the 1 billion vote threshold. + +# What is SecureVote + +SecureVote is a product by XO.1 - the world's first high capacity, secure, general purpose, end to end verifiable voting system. +There is no central point of failure, all votes are fully anonymised, and no fancy new crypto is required (IE: not ZKPs or homomorphic encryption). + +# What is XO.1 + +XO.1 is a Sydney-based startup founded by myself (Max Kaye) and Nathan Spataro which has raised half a million dollars +in early stage funding to develop SecureVote, the world's first secure and highly scalable online voting system. + +SecureVote is something which does not exist anywhere on the planet today – it +provides a high-throughput commercially viable secure voting system, which enables verification of the vote and the vote +count without compromising the privacy of the vote itself. + +We’re able to do this by using our proprietary vote anonymisation engine – Copperfield (patent-pending) – which solves +many of the traditional problems associated with electronic voting through providing verifiable anonymity. + +To get to the next stage of our product development, including the development of a first-in-class secure voting app, +we’re about to start our Series-A fundraising round. Interested? Email exec@xo1.io + +# What is Flux + +[Flux](https://voteflux.org) is a political movement also founded by myself and Nathan Spataro. +The Flux Movement aims to instantiate a novel form of democracy called Issue Based Direct Democracy (IBDD). +Unlike all other forms of democracy, IBDD is deeply concerned with epistemology and providing the best decision +making possible. + +IBDD is designed to bias _objectivley true knowledge_ and is possibly the first democratic +[truth machine](http://www.philosophersbeard.org/2010/11/democracy-is-not-truth-machine.html). + +We hold that the main problem with democracy today is that it does not bias the best knowledge possible. The +symptoms of this are corruption, bloat, sluggishness, low approval ratings, etc. + +If that sort of thing interests you, I have a pre-release paper I can send on request (but not yet publish). Also, +the philosophical groundwork is laid out in David Deutsch's breathtakingly profound book +*[The Beginning of Infinity](https://en.wikipedia.org/wiki/The_Beginning_of_Infinity)* (2011). + +We're expanding with chapters globally so if you'd like to get involved please get in touch. + +Flux's need for a high capacity online voting system has been one of the driving forces behind SecureVote's production. + +# FAQ + +## Why don't we use Ethereum + +I've been involved in the Ethereum world since +[December 2013](https://web.archive.org/web/20140208053651/https://bitcointalk.org/index.php?topic=428589.0) +and have been [publically credited](https://youtu.be/o6D8Up411dI?t=29m16s) a [few times](http://imgur.com/piL9eYc) +with contributing to scaling discussions around that sort of technology. + +My view boils down to this: Ethereum can do _anything_, but it can never do _everything_. + +This stress test will produce about 150 GB of data. This isn't something the main Ethereum chain can handle, and even +many years into the future it would be selfish to dump this volume of data into a shared resource. + +Additionally, relying on others to eventually come up with a scaling solution isn't a great strategy IMO. + +Since we needed a 2nd layer solution anyway it only makes sense to build on the most secure blockchain around: Bitcoin. + +Additionally: _secure_ private blockchains are a pipe dream. Private blockchains themselves are both easy to achieve and pointless (when it comes to public security). + +## How much data will be added to the Bitcoin blockchain? + +Approximately 3 MB. We'll have `11,000 txs * 243 bytes per tx`. + +## Press Release + +[https://xo1.io/stress-test-pr.pdf](https://xo1.io/stress-test-pr.pdf) + + +Lots of investors have huge portions of their capital tied up in investments. Which is good, because their money is working. BUT! It can be a bit of a double-edged sword, because if a great opportunity comes up, you might not have enough freed up cash to fully capitalize on it. + +What strategies do you guys follow to allow you to either stay partially liquid, or quickly free up cash, to be able to capitalize on opportunities like this? + +1 - Sitting on pure cash? Just waiting for a good opportunity that might require you to move fast? + +2 - Investing in something low-return but stable like bonds, so you're at least fighting inflation, but can cash out and dump that into your next opportunity? (I'm wondering if there might be tax penalties of some sort to this that could make this a bad play. Maybe depends on how you do it?) + +3 - Finding another investment to sell off, if it's "ripe" and the timing seems good, to make a profit off of that, then reinvest that money into your next opportunity? + +Those are really the 3 key strategies I can think of to capitalize on investment opportunities like this where time is of the essence. Any other ones I'm missing? +Great day guys! + +[https://edition.cnn.com/2018/10/26/investing/stock-market-today-dow-nasdaq-amazon/index.html](https://edition.cnn.com/2018/10/26/investing/stock-market-today-dow-nasdaq-amazon/index.html) + +So much for yesterday... +I’ve (19M) just started out just slowly researching different stocks over the last few months, and have invested about $200 of my own money into different stocks on RobinHood. That felt like a lot of my own money. So far, that’s gone up to a bit over $300 (so I’ve made 100 dollars, so my stocks have gone up average a bit over 40%). + +Told my friend this the other day, and she said “Nope. Not the right way to do it. Has to be at least $500 to really get started.” She then went on about how she’s going to wait till Christmas, and invest $500 all at once. + +Honestly, I felt kinda insulted by how blunt she was. Is there a ‘right’ way to start investing? I’m still learning and just like to put money in slowly. +Who buys more video games, a hedge fund or tens of thousands of Redditors? + +Whether we have 1 share or 10,000, we the Redditors are their target market. With Cohen and their transition from b&m to online retailer, what could possibly be better than worldwide headlines and the admiration of all of us? + +They know we will always have many choices when buying games online. What could possibly better for GameStop than creating life long, untold loyalty with all of us young, internet savvy investors? Plus all of the headlines, movies and the impact on pop culture. What an opportunity for Gamestop! I believe they have massive skin in the game and want to see this happen more than any of us. They are not going to throw a bone to Wall Street and fuck us over - can you imagine how well that would fare for their Cohen, his investment and their transition to online retailer? + +&#x200B; + +This is all speculation and I am not a financial advisor, just a crayon eating ape who LOVES the potential of GME at $180, 200 or $500. Do your own research and do what is best for you. +Hi, + +to dispel FUD about GME selling their IMX tokens, follow my journey of where the tokens went so far: + +Chapter 1: Inflows + +As per [https://news.gamestop.com/static-files/713417ad-e18f-4f2c-bc1c-312f536d8b36](https://news.gamestop.com/static-files/713417ad-e18f-4f2c-bc1c-312f536d8b36) 8-K Filing, GME is to receive exactly the following amount of tokes so far: + +&#x200B; + +https://preview.redd.it/r1643rxc40g81.png?width=1181&format=png&auto=webp&s=4e2f0de1ff7ac4f86b7ae29773cc98eea0c869f8 + +Lets take a look at etherscan from IMX themselves: + +[https://etherscan.io/token/0xf57e7e7c23978c3caec3c3548e3d615c346e79ff?a=0xe1d1ad55254b29b43035937894514d0adbac7aea](https://etherscan.io/token/0xf57e7e7c23978c3caec3c3548e3d615c346e79ff?a=0xe1d1ad55254b29b43035937894514d0adbac7aea) + +&#x200B; + +https://preview.redd.it/2pfsmpbk40g81.png?width=1376&format=png&auto=webp&s=f186d350112ce9cea96cb2e6ab58f470e7339200 + +The token amount of 37,523,233 IMX was transferred to an address 0x1779fdd... which is Milestone 1 + Milestone 2 + 50k IMX + +From there we see [https://etherscan.io/token/0xf57e7e7c23978c3caec3c3548e3d615c346e79ff?a=0x177f9dd13ccc02065c7494ea8396e4e2ba54dfa1](https://etherscan.io/token/0xf57e7e7c23978c3caec3c3548e3d615c346e79ff?a=0x177f9dd13ccc02065c7494ea8396e4e2ba54dfa1): + +&#x200B; + +https://preview.redd.it/ec686prw40g81.png?width=1374&format=png&auto=webp&s=3f27cd2d8e5c277c51dcd9ffe4124b37d073433a + +Transfer of all the Milestone 1&2 IMX to GME, with 49,7k IMX remaining in the wallet, with the 300IMX difference used in Gas fees (not sure tho, cuz gwei calculated in ETH not IMX... correct me on that) + +Either way, the funds are inbound GME wallet: + +[https://etherscan.io/token/0xf57e7e7c23978c3caec3c3548e3d615c346e79ff?a=0x8c1dcea14acce463d8806928860899ad6c8f615b](https://etherscan.io/token/0xf57e7e7c23978c3caec3c3548e3d615c346e79ff?a=0x8c1dcea14acce463d8806928860899ad6c8f615b) + +Chapter 2: Outflows + +https://preview.redd.it/movewlii50g81.png?width=1419&format=png&auto=webp&s=9983e7b4ef2ddb2e266e991e39599428b9bd0be4 + +Highlighted in yellow the incoming TXN (transactions) but also in red the outbound, evil FUD transactions! Let's trace the outbound 15m IMX tokens (so we follow to where it was transmitted) + +Also, remember the top row 0x1157a..., incoming are 1.7m IMX tokens again (later), so we miss around 13.3m IMX = 40m US$ + +[https://etherscan.io/token/0xf57e7e7c23978c3caec3c3548e3d615c346e79ff?a=0xb7fabf725d60700ff57bae72b666dc55646cde48](https://etherscan.io/token/0xf57e7e7c23978c3caec3c3548e3d615c346e79ff?a=0xb7fabf725d60700ff57bae72b666dc55646cde48) + +we see the 15m IMX tokens at 0xb7fabf... + +&#x200B; + +https://preview.redd.it/gdld30tk60g81.png?width=1392&format=png&auto=webp&s=2a3937d533ec7830a78abede231ccad033d5dece + +it's just a proxy wallet (someone correct me on the term here) but it goes directly to our known friend, 0x1157a... + +[https://etherscan.io/token/0xf57e7e7c23978c3caec3c3548e3d615c346e79ff?a=0x1157a2076b9bb22a85cc2c162f20fab3898f4101](https://etherscan.io/token/0xf57e7e7c23978c3caec3c3548e3d615c346e79ff?a=0x1157a2076b9bb22a85cc2c162f20fab3898f4101) + +we have incoming! all 3 txn found. + +&#x200B; + +https://preview.redd.it/r6vj61i870g81.png?width=1291&format=png&auto=webp&s=97e42ae0f2baeb9d0d1c4e5062c968c63c53e513 + +so where the money go? + +remember we have 15mln IMX to play with. and we wanna make the people use it. out marketplace gone be lit. BUT sometimes, consumers of the market place might wanna cash out. THIS IS THE CATCH and one of crypt0s biggest weaknesses imo. some have called it a ponzi, for a certain amount of FIAT goes into the crypto space, the market moons (BTC, ETH) and suddenly, people wanna cash out. But who has the fiat for that? It's the CEX (binance, kraken, ...) or the proprietary access point like ledger. + +So we have to test, can we actually get our money out of the crypto space, into the real world, if we launch this marketplace? + +&#x200B; + +how do we test? lets follow the outgoing txn: + +&#x200B; + +https://preview.redd.it/wyj8tu4680g81.png?width=1301&format=png&auto=webp&s=a94daa5e0c25256eb6b532006e1ceaace7ee5360 + +we have: + +\- in yellow 7.4mln IMX to Binance + +\- in red X 4mln to 0x75ef... (leads to OKEx, [https://www.okx.com/de](https://www.okx.com/de), crypt0 exchange) + +in red O 3.5mln to 0x1880 (leads to HUOBI exchange [https://www.huobi.com/de-de/staking/eth2/](https://www.huobi.com/de-de/staking/eth2/)) + +(this seems to be this nonsense diversification, but might actually be useful for our marketplace) + +also thats in total roughly the 15mln IMX missing. + +&#x200B; + +&#x200B; + +so in total, what we have here, is GME trying the off-ramp route which will be necessary for real-world application. + +&#x200B; + +also: theres been a recent incoming txn again to GME from the 0x1157a wallet: + +&#x200B; + +https://preview.redd.it/01xrt2el90g81.png?width=1383&format=png&auto=webp&s=dfd8dcebc6dd6060902f3c8b1db97d513489c716 + +&#x200B; + +IMO, GME is testing all TXNs from / to different wallet, CEX plus need to integrate (like LRC did) direct on-ramp (and yet to implement direct off-ramp). + +The success of this marketplace will be it's usability, and not only for tecchies but for smoothies and silverbacks as well. + +If anything is wrong, pls correct me. + +&#x200B; + +Cheers. +That is $42 Billion a year by Opensea. That marketplace with the expensive fees. + +Today Gamestop traded 1500 eth which is about $1.6 Million and they took about $20,000 in fees. If we trade the same as Opensea for a year we would get revenue of around half a Billion. I think we could be getting revenue of 2 or 3 Billion a year within a few years. And this is only the start! +https://www.cnbc.com/2020/03/20/boeing-suspends-dividend-ceo-foregoes-pay-after-virus-related-aid-request.html + +Boeing Co said on Friday its chief executive and board chair will forego all pay until the end of 2020 and the company will suspend its dividend. + +Boeing is pursuing $60 billion in U.S. government aid to help prop up a U.S. aerospace manufacturing supply chain already reeling from the year-old grounding of its previously fast-selling 737 Max jetliner after fatal crashes. +This year was my first year investing my money so I have no idea how taxes work when it comes to this. + +Will it work just like your job - where your investment provider(?) sends you a form (W-2 in the case of a job) and I just have to enter that info into whatever tax software I choose before they send it out to the federal and state tax agencies? Does it get any more involved than that? + +Are there any pitfalls or other things I should know about before tax season hits? + +If it helps with info at all, I've invested using Robinhood (I know, I know) and Binance. + +**Edit**: Thank you for being so helpful with the info! The first couple responses I got were pretty toxic and condescending, but I'm glad to see that those comments were absolutely downvoted and that the community is more supportive than what those first few comments suggested. + +Based on some responses I've seen, I'm getting the idea that this community is against hiring tax professionals (at least for simpler things like this). Is that the case or am I misunderstanding? +Working hard and saving every dollar? Did you start your own company? What's your story? + +Edit: Guys this is so awesome. Keep the posts coming, I'm enjoying every one of y'alls stories and advice! +Economics 101 dictates that when there is a surplus, producers will cut back production until the equilibrium price is high enough so that a big enough profit can be earned. However, it seems that agricultural products (food) seems to defy this trend. Anecdotal evidence suggests that when food prices drop, farmers produce more in order to compensate, but this depresses the price even more (supply is increased). Is there a reason that the standard supply and demand curves don't apply? + +Also, it seems that agricultural subsidies started in the Great Depression. If the demand for food is near constant (you find a substitute for food for me, and I'll probably give you a nobel prize), and the supply of food is nearly constant (it actually dropped because of the Dust Bowl-not sure how big of an effect that was), wouldn't prices spike? + +TL;DR + +Why can't agricultural products be modeled by a classical supply/demand curve? + +Why do agricultural subsidies exist/why do they need to exist? +Economics 101 dictates that when there is a surplus, producers will cut back production until the equilibrium price is high enough so that a big enough profit can be earned. However, it seems that agricultural products (food) seems to defy this trend. Anecdotal evidence suggests that when food prices drop, farmers produce more in order to compensate, but this depresses the price even more (supply is increased). Is there a reason that the standard supply and demand curves don't apply? + +Also, it seems that agricultural subsidies started in the Great Depression. If the demand for food is near constant (you find a substitute for food for me, and I'll probably give you a nobel prize), and the supply of food is nearly constant (it actually dropped because of the Dust Bowl-not sure how big of an effect that was), wouldn't prices spike? + +TL;DR + +Why can't agricultural products be modeled by a classical supply/demand curve? + +Why do agricultural subsidies exist/why do they need to exist? +As a centrist guy who really believes in building a society that serves everyone to the best of its ability, questions on the super riches accumulation of wealth trouble me. Wholesale redistribution acts as a disincentive against entrepreneurial risk taking. Government redistributed money has a policy trade off in opportunity cost. + +Relative gains don't interest me. I don't care if the super rich grow from 10x as much as a middle class worker to 100x as much necessarily, if in absolute terms the middle class worker's quality of life keeps going up as a result of the system in place. + +Finally, it seems to me that in a functioning economy, it is really hard to stop money from moving around and helping the middle/lower classes. Money owned by the wealthy doesn't live in their mattresses. It's either p\they spend it on goods and services who then pay salaries to the workers building the goods and providing the services, or they put into banks who lend it out which likewise leads to goods and service production. (Other "investments" essentially do the same thing. You're putting the money to work on productive market based products and seeking a return. ) + +Pretty basic stuff. + +At the same time though, there seems a suspicion that some money has somehow pulled itself out of the "real" economy I just described, and is instead tied up in a financial abyss of paper transactions which are divorced from this economy. In my head I have taken to calling this "lazy money". Money that isn't doing as much as it could be in the real economy. + +Is this something studied by some economists somewhere? Does lazy money exist or is it a spectre? What causes it? What regulatory changes would help to remedy it? Could it be highly taxed (assuming for these hypothetical purposes no race to the bottom liquidity flight)? + +I know this is a fuzzy concept but I'd really like some opinions on this. + +tl;dr I am too old to have played Pokemon. Is it anything like 1st edition advanced dungeons and dragons? +I feel like I don't really understand economics too much, and was looking for some recommendations on where to begin learning more. Do any of you have websites, newsletters, or books that you read/have read? + +Thanks in advance for any help. +I know we all know that there is nothing stopping what's coming. + +But now I know that we all know that there is nothing stopping what's coming. + +With this 14A...I don't need to know that all we know is that there is nothing on this earth that can stop what is coming. This is the end. We are going to hold through the death throes of capital. We are going to clear wall street. The unions and labor movement are going to clear up the rest. This is it. There is no more to be feared. We are inevitable. + +We are inevitable. +Today a leak seemed to confirm that Gamestop is going to announce an nft project before end of year + +While this is great news, this just doesn't mean that this will be a moass trigger, because we don't know if this is in any way related to the stock + +Still, this community has been hyping the nft as the definitive weapon that would solve all of this once and for all + +How would you feel if Gamestop announced they're creating an nft just as a new service, and then we reach December 31 with no words about the stock? + +I'm interested in your opinion because as of now I feel that would be very bad on a morale/perception side +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. + +**Warren Buffett:** ["It doesn’t do anything. It just sits there. It’s like a seashell or something, and that is not an investment to me. It’s a gambling device… there’s been a lot of frauds connected with it. There’s been disappearances, so there’s a lot lost on it. Bitcoin hasn’t produced anything."](https://bitcoinist.com/warren-buffett-calls-bitcoin-gambling-device/) + +--- + +He recently felt the need to bring it up again at Berkshire Hathaway's annual meeting, calling BTC nothing but a "Gambling Device," which I guess is technically an upgrade from Rat Poison^2... but for someone who claims to have no interest in the technology, it certainly seems to be on his mind 24/7. + +What's the deal with this guy? +Due to recent events, it is with a heavy heart that I must inform you that I am resigning as a moderator on r/wallstreetbets. + +I would like to write this as my final post and clarify my side of the story. But first, a little about me: + +At the age of 16 I joined the French Foreign Legion (FFL). Throughout my time in the FFL, I served in many theaters and battles. One in particular, the Battle of North Sentinel Island, I was captured by Yakuza operatives and became a prisoner of war. I managed to escape and was awarded the Buerre de Cacahuètes au Poisson distinction for heroism ([pictured](https://preview.redd.it/eyindthb0bc71.png?width=577&format=png&auto=webp&s=0bcdcc7fedbb3941f632e66274d67144e3c69b4b)), the highest honor one can receive in the FFL. I never wanted to be a hero. Alas, we cannot choose our own fate. After my discharge from the FFL, I was recruited by the Canadian government as a contractor to head their electronic surveillance unit mainly focused on their efforts to topple the Canadian Eco-terrorist Organization known as the Castor en Colere Liberation Front. I served honorably alongside u/opinion_is_unpopular. We shared many nights in the tundra huddled by the campfire in our beaver skin tunics sharing war stories over bowls of poutine, as is tradition. Despite all of the wonderful things I have personally done single-handedly to improve the world, I pride myself on being a humble man. Currently, I am an entrepreneur and run 4 businesses. DM me for my ETSY link. What does any of this have to do with moderating you ask? Well, nothing. + +The actions of the past week are inexcusable. I must apologize to the community for allowing myself to be honey-potted by u/memetron9000. What started off as friendly banter on our side project r/RunicCocksElite, quickly evolved into much more. It got pretty serious, as we would discuss the Black-Scholes Option Pricing Model deep into the night. One thing led to another and he was soon sending feet pics. Little did I know the FUD he would unleash on this community after I allowed him to become a moderator. + +The screenshots that were shared are true. They were taken from a private conversation I had with u/fannypackphantom discussing my past membership in a cannibal coven practicing Juju magic in Sierra Leone. I first met fanny over Twitter and we bonded over a tweet I made regarding the socioeconomic implications of a woman shopping at Duluth Traders for her wardrobe needs. She was very accepting of my cannibalistic past and I felt comfortable sharing intimate details. Casual conversations amongst what I thought was a friend has now come back to haunt me now that I am a celebrity. + +Furthermore, it was I who modded u/pokimane. This is significant because the MSM media would like you to believe that Covid-19 caused the March 2020 recession when in fact it was her appointment as a moderator of r/wallstreetbets that served as the catalyst. Please do not harass her, she is not a Shill. We have conducted extensive research into her background, mannerisms, and idiosyncrasies and can confirm this. u/zjz has also deployed his shill sniffing bot with negative results. Unfortunately, this has triggered a crippling addiction to her Twitch stream and has rendered him more financially desperate than even most of you poors. + +I have done everything in my power to serve this community. Heroic actions such as deleting the unrelenting barrage of trash memes posted by u/throwaway1forall, banning 99% of people who play flair or ban, and encouraging u/yolocallking to include more Brazilian bundas in his memes are just a small sample of the personal sacrifices I have made. + +I know so many of you hate me and honestly, fine. I am use to that. I am a Juju practitioner, Heterosexual, wonderful, famous, and amazing. I have always been this way and I am not ashamed of who I am. Had I still been the old Sdevil with the autists at my side, I’d have endured it and risked my life for the community, like I have so many times before. However, I see no reason to risk it and I will resign effective July 21, 2045. In the interim, I will be at r/RunicCocksElite awaiting the arrival of u/sloptart69 in order to apprentice in the ancient ritual of sugar water immersion. + +u/MarkCuban + +u/PresidentObama + +u/JoannaGaines + +u/ElonMusk + +u/PopeFrancis + +u/RachelDolezal + +u/1r0nyman + +P.S. If you have gotten this far and believe any of this, you are in fact a moron. For those of you that dont know, this is in reference to [this masterpiece. Stay Stonky!](https://www.reddit.com/r/Superstonk/comments/omt038/farewell/?utm_medium=android_app&utm_source=share) +Intrigued by the number of bitcoin days destroyed by this transaction here http://btc.blockr.io/tx/info/036a1a03549829e5b265baeccdf55002d8aab1da5efc9fb0a0d51224206bf53c I went to take a closer look. Turns out those coins have been dormant since June 2011. Back then, they were only moved twice, and they go all the way back to January-March 2009 (earliest block #372(!)) when they were mined. You can follow the trail of the 2k coins here: +https://blockchain.info/de/address/1CEq15CvdwHZmkfpWxse1UDGBxLynQepTe +I'm just curious who this very early miner is. + +Edit: +As someone pointed out, the block was mined by Hal, see comments below. Thanks for pointing that out. +I'm a highly successful multi-hundred dollar trader, and I bought 2 shares of $AMD (seriously if you're not playing for keeps why even bother) last time they were at $12.25. Well, last night after market close I bought a Ryzen 7 1700 for my next PC build and this morning $AMD is trading above $13 a share again. Coincidence? I think not. So my question for you guys is, how likely is it I have people from the SEC knocking on my door to take me to prison? +For reference of my situation, I put myself through college while working full time and earning roughly $15 / hr, 40 hrs a week in an area with very low cost of living (up to this point I have been doing "fine" on this salary). I will now be making roughly $75,000 base with a large bonus incentive, along with a $5,000 signing bonus off the bat. I am $30,000 in college loan debt, but have no other real debt. Though this may not be relevant, I want to give some context as to how big of a jump this will be. However, general advice would be greatly appreciated as well. I just have never had money as an adult and I want to be sure I'm paying off loans / saving as much as I can / spending my income on things that will effectively improve my quality of life. + +EDIT: Wow, thank you all for taking the time to respond. The post has been locked so I can't respond to comments right now, but hopefully it opens up again soon. To elaborate more on some frequent questions asked below that I can't respond to: +- I drive a 65k mile Corolla and will drive that thing until it is dead +- Rent + utilities is in the $1000 range, max for my 3 bedroom apt. I live with my SO so we split a lot of payments. +- I am starting as an ES&A consulting analyst in a tech field. +- I plan on utilizing the full 8% 401K match offered by my firm, and will split other earnings with either on of my Vanguard index fund accounts for long term savings, or my high yield money mutual account for money that will need to be more liquid so I can easily pay off my credit cards in full every month. +I have a help debt in the low six digits, and the means to pay it off all at once. + +Obviously this is a lot of money, and for a debt that is only hedged to an indexation rate, I'm wondering if I would be better off to deploy the money in other directions, drawing back upon it every July to pay my debt organically. + +I live in the US and make US dollars, so anything I pay each July is post tax, but based upon my pre tax earnings. I will likely also be over the 9% repayment bracket for the rest of my working life. These feel like pretty big factors that make me want to pay it off more, but I wanted to ask you fine people if you think it is a financially sound decision. + +&#x200B; + +TIA +I’d just like to ask a question that my husband and I can’t quite understand. So, we owned a house with my parents, we bought it for $300k and have just sold it for $380k. To us, this means that we will make a profit if $80k, although it’s a bit more than that because we have paid off quite a bit of the original loan. But my dad said that rather than making that money as a profit, we have actually lost money because in the 7 years that we owned the house, he calculated that we paid $182k in interest. So that completely negates any profit we made and in fact, puts us at a huge loss. My husband and I have never heard of anyone counting their interest payments on their mortgage as a loss before, is this a common thing? Google is not providing me with any answers so I hope that maybe someone on here could shed some light and help me understand. There are other issues involved in us buying and selling together (never ever will I do anything like that again!) and finding out if this is a common thing will help us address some of those issues. Thanks in advance for any help! +I currently have a large amount of annual leave stacked up with my current employer (+600 hrs) and I also have accrued my 10yr long service leave. + +If I leave the company I believe they will have to pay all this out which in my case will come to around 60-65k before tax. In this case I would obviously get hammered by the tax man (rightfully so since it is technically income). + +But is there a less costly way to deal with this? + +Has anyone been in a similar situation? What did you do? Just cop the tax hit? + +I'm not looking to cheat the system here, just wondering if there are options I'm not aware of. + +I should point out that yes my company allows employees to cash in their unused leave but only up to a max of 2 weeks per year. So that won't help much. Plus I expect I may be leaving very soon anyway. +Sup Everyone! + +It’s your resident acronym agency sniffing bloodhound back to throw you some DD that will help to confirm some bias, jill your balls, and provide some more mind-numbing mix at how we are changing the financial industry by doing nothing more than holding a stock. No, not the conspiracy three letter acronym agencies “CiA fBI nSa iS cOnTrollInG tHiS” like some shills would want you to think. The SIFMA, BIS, ISLA, OCC, DTCC, NSCC, SEC, etc. agencies that pull the strings and argue what is best for making banking better (and no, it isn’t shorting brick and mortar stores to oblivion \[you hear that hedgie? Fuck youuu\]). + +Anyway, the latter agencies I told you guys about and you should know about by now (OCC is the options clearing corp, not office of comptroller of currency but both are important). If you haven’t been reading up the difference or just didn’t know where the rules were coming from, well, now you do. What I didn’t tell you guys before (because I made a mistake and thought ISLA would be a bigger player), is that SIFMA is probably the bigger player here. Their board is the final say for interpretation of the laws that come from the BIS (in terms of capital requirements and such for Federal Banks), and they would advocate for our favorite banks and hedgies on a GLOBAL level. + +For those of you whose eyes have already glazed over, I’ll leave a nice short TLDR for you. Because some important shit is happening behind the scenes and you shouldn’t get discouraged that the rocket hasn’t taken off yet. It is legit still going through some checks to make sure the boosters do not fail (we have a relatively civilized society; do you really want to go back to trading shiny rocks for bread? No fuck that). + +https://preview.redd.it/dmc1ejq805371.png?width=624&format=png&auto=webp&s=9686163291be73e02a74fbf208b0089925660e48 + +So SIFMA is just American. GFMA Alliance is again, GLOBAL. With American banks and politics, I think we can assume American interests will dominate, because their markets are the most capitalized and liquid (with the exception of, say, Luxembourg, where all these rich people keep their “generational” wealth, and where most of our favorite G-SIBs have a subsidiary that the SEC can’t have access to). + +So, recently I am sifting through all these acronyms and notice that SIFMA is disagreeing with the Basel Process. + +Enter stage left: The Bank for International Settlements (BIS) and the Basel Process + +&#x200B; + +https://preview.redd.it/jhl8vozb05371.png?width=543&format=png&auto=webp&s=e2f5e6fe8d9ba288fe8a7fb3d4a5dda0e265e4f5 + +These markets are all tied together. Literally political leaders and G10 oversee this shit. And the Basel Committee for Banking Services in August of last year started to get a little nervous about the math. Here’s a response from GFMA re: what they think. + +“Over the last several years there has been a significant and increasing use of securitisation techniques to help reduce the volume of non-performing loans ("NPLs") on the balance sheets of banks… That market activity has highlighted the difficulties associated with applying the securitisation regulatory scheme (and especially the capital rules) to securitisations of NPLs in an appropriate way that produces sensible and risk-sensitive results.” + +Typically, a non-performing loan is “a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as it reduces the profitability of banks, and is often presented as preventing banks from lending more to businesses and consumers, which in turn slows down economic growth.” + +There is WAY MORE to BIS, but this will give you guys an idea how 70% of the markets see what their regulations are doing. + +But I mean, we know these banks have hedge funds and analysts and *loveee* to make money off these kinds of loans. Why? Because they can bundle their debt into garbage bonds, pay a ratings agency to rate it however they want, and sell them to grandma or pension funds that the intern just called and said “are the best fucking backed bonds you ever bought, even the Fed owns them!” Haha wait, did anyone see that article from earlier? [https://www.nytimes.com/2021/06/02/business/fed-sells-corporate-bond-holdings.html](https://www.nytimes.com/2021/06/02/business/fed-sells-corporate-bond-holdings.html) Remember a couple weeks ago when Merrill said they wouldn't let interns make cold calls anymore? + +[https:\/\/www.thinkadvisor.com\/2021\/05\/24\/merrill-to-bar-trainees-from-cold-calling-report\/ ](https://preview.redd.it/ga2j9y8p05371.png?width=480&format=png&auto=webp&s=19f8e5f5f815673bb57683ec7ccf0463d7ea21e0) + +Why? Did someone at the bank tell you the bonds couldn’t fail, and they're, ummmm… doing something? + +How could this happen after 2008? Well, we all know we need to follow the money. And literally this is a reverse 2008. An 8002 uno reverse if you will. + +Now, we know what happened. They bundled dogshit, wrapped in catshit, and put a bow on it. Top dog Burry caught this, and decided to short the bonds. So, how does GME tie in? The Everything Short is most likely BANG FUCKING ON. They SHORTED THE BONDS THEY SOLD THE GOVERNMENT AND SOLD THE SWAPS OR FUCKING KEPT THEM FOR WHEN THE MARKET FAILS AGAIN. + +They have been planning this. It was made more difficult to hide, and they couldn’t do the same thing to the housing market backed by the government, so they knew that if the government held the bonds, and made the money printer go brrrr for as long as they needed, the collateral that they posted would just be hidden by the government as the bonds started to fail. Enter NYTimes article, while the Fed sells the bonds. Probably back to the banks. While money printer go brrr. + +https://preview.redd.it/hluc4tf915371.png?width=305&format=png&auto=webp&s=2b9d61412b61ac0259c523a4ba8c798db8de18d7 + +So, how does this all tie to GME? + +Remember when I told you guys that Citadel owns the company that bought the Sears leaseholds? No because you don’t read anything dickhead. Well, they do. And they reaped the benefits **immensely**. + +How do you really profit off of these types of defaults? You, your bank, and lawyer friends bundle a bunch of corporate debt into bonds, have a ratings agency rate them AAA++++ super-duper 9000+ mega bonds, and offload them. Buy credit default swaps on those bonds (effectively shorting the bonds), and make a fucking boatload of money, all while not doing anything technically illegal, just immoral. + +I believe Citadel did this with Sears. It is easily proved they owned the company that held the leasehold. I don’t know how to find what bond or bank their debt was bundled in, but that would be and easy sell to, say, a pension fund manager that managed all the pensions for Sears. “Hey wanna buy the debt that Sears has? Super crazy rating, you guys are strong, buy this bond!” Sold. Bond fails, pensions go bye, rich get richer. + +GME changed the game. Millennial retailers got mad and horny that their fav company was going bankrupt, and decided they liked a stock. They even made it super easy for us to buy. + +But, they got greedy and coupled these bonds with creating algos betting on impatience’s of retail. “Grrr Im not making money off these stocks Ill take a small loss and invest in the next one”. + +Retail started to hold. They couldn’t bankrupt the memes. Because how the fuck do you bankrupt a joke? You can’t. It just makes us laugh when you try. And we wont sell. + +Going back to Basel, these loans were no longer NPLs. And the banks didn’t have them on their balance sheet anymore. So they could only short the bonds they were in. And the bonds have become actual, AAA++++ super-duper 9000+ mega bonds. So their credit default swaps are worthless. Lol. Fucking reverse uno 8002. + +So my hypothesis is, it would seem the banks tried to fleece the Fed, and the Fed has found out and is going to sell the corporate bonds back to the banks in order to save their ass again. Because money printer go brrrr and is about to break with reverse repos. And to top it all off, if the people found out the banks were doing this, they would literally call for blood. These guys have had the run of everything for way too fucking long. And honestly, when this is over and we have tendies, the bank heads had better be held responsible. Ignorance is not bliss, and they hired the wrong people (or right if they wanted to just make money immorally). + +Back to BIS and how they related to the Fed, and how this is actually good for us. I am more confident than ever we will see tendies. $20T plus insurance money is what is on the books, wait till we see what is on these corporations balance sheets as assets that they have been trying to buy to offset paying taxes (can you say $10-100M mansions, baseball teams, and yachts?), banks will go brrrrr for apes. I HIGHLY RECOMMEND THIS READ: + +https://preview.redd.it/gpbnarnb15371.png?width=587&format=png&auto=webp&s=b9ae098cc41ff30f20d92156bf9038e0828609fd + +The Fed is being forced to do it on a global scale because I would imagine there has already been some credit default swaps offloaded on unsuspecting foreign entities. And, I would honestly assume Kenny is already in a different country or under arrest; the busy weekends are analysts and senior hedgie retards under order to allow the algos to do what they need to in order to kick the can and \*attempt\* to deter us. This is why the meme stocks are still moving in tandem. Otherwise they would have cut it off (maybe not tho and they actually are retarded). The entire market is moving in an odd fashion. And we are about to see some big green dildos soon. Anecdotal? Definitely. Evidentiary? Also, yes. Hedgies and banks r fuk? + +https://preview.redd.it/02h214vk15371.png?width=296&format=png&auto=webp&s=a35b326ada8f03963e841caae93a4cd350068aad + +Anyway bros, I am pretty comfortable with this. We don’t just like the stock, we actually believe in the company. I have now a clearer picture than ever as to how everything is working. The Big Short has never been crazier watching it, because this is just a reverse of it. We are in unprecedented times. Love you bros, see you on the other side. + +Be patient, be kind, be skeptical and stay smart. Wear a hellmit because because you'll die in space if not. + +Cheers guys. + +TL;DR: Just read it. It might even help if you don't understand The Big Short entirely. Just know, bonds, credit swaps, Sears and leaseholds, it is all tied together in the global banking community. Tendies aplenty. GME go up. + +References: + +1. [https://www.sifma.org/](https://www.sifma.org/) +2. [https://www.gfma.org/](https://www.gfma.org/) +3. [https://www.gfma.org/correspondence/gfma-signs-on-to-joint-industry-response-to-bcbs-technical-amendment-on-capital-treatment-of-securitisations-of-non-performing-loans/](https://www.gfma.org/correspondence/gfma-signs-on-to-joint-industry-response-to-bcbs-technical-amendment-on-capital-treatment-of-securitisations-of-non-performing-loans/) +4. [https://www.bis.org/speeches/sp210525.htm](https://www.bis.org/speeches/sp210525.htm) +5. [https://www.bis.org/about/basel\_process.htm](https://www.bis.org/about/basel_process.htm) +6. [https://www.nytimes.com/2021/06/02/business/fed-sells-corporate-bond-holdings.html](https://www.nytimes.com/2021/06/02/business/fed-sells-corporate-bond-holdings.html) +7. [https://www.thinkadvisor.com/2021/05/24/merrill-to-bar-trainees-from-cold-calling-report/](https://www.thinkadvisor.com/2021/05/24/merrill-to-bar-trainees-from-cold-calling-report/) +VeChain was suspended from r/Cryptocurrency on Feb. 5 after reports of brigading. + +That suspension has now ended. Here are updates for VeChain over the past month, newest first. + +*TL;DR is at bottom.* + +----- + +**3/6** + +[VeChain partner DNVGL reveals the first 3rd party dApp](https://medium.com/@vechainofficial/my-story-the-first-ever-3rd-party-initiated-developed-and-managed-dapp-on-vechainthor-61deb8839e0d) created for the VeChain blockchain, My Story. + +The Italian wine industry will be the first to use the app, which will allow consumers to trace the product’s supply chain story. + +----- + +**3/5** + +[VeChain announces a new node system](https://medium.com/@vechainofficial/vechain-x-series-6b77b746b4b2) that adds to the previous system (while retaining prior node levels). The X series is a limited time node series that **must be locked in by March 20th.** In order to secure an X node, 6,000 VET tokens must be moved to a traceable wallet (such as My Ether Wallet) before the twentieth. Exchanges do not count as traceable wallets. + +The limited time nodes can only be claimed during this early adopter period and grant benefits such as early ICO access and a unique VID as an early adopter. + +----- + +**3/3** + +Vechain’s partner, BitOcean (who plans to launch an ICO on the VeChain blockchain), is [approved as an exchange by Japan’s Financial Services](https://bitcoincryptocurrency.com/japans-financial-services-authority-approves-bitocean-exchange/). + +----- + +**3/1** + +Continuing in its tradition of being a transparent company in blockchain technologies, [VeChain released its second financial executive report](https://medium.com/@vechainofficial/vechain-financial-executive-report-vol-2-2fb65e91dad1). + +----- + +**2/26** + +***VECHAIN REBRAND EVENT, APOTHEOSIS PART 3*** + +Watch it [here](https://www.youtube.com/watch?v=vfAEir7uT_g). + +Major Announcements: +-Officially announced a partnership with **BMW Group** +-Officially announced a partnership with the Mathematical Institute at **University of Oxford** +-Officially announced *the first ICO with BitOcean ATM Exchanges* +-Officially working on a Carbon Bank solution to improve carbon reduction alongside DNV GL, Universities, and Governments +-DNV GL’s CEO of Business Assurance to announce a food sourcing solution next week at conference in Tokyo +-Introduced three DApps - VeVID, VeVOT, VeSCC +-80+ employees over four locations and growing: Shanghai, Singapore, Paris, Tokyo +-New website www.vechain.org + +----- + +**2/25** + +VeChain [released its second Software AMA.](https://medium.com/@vechainofficial/vechain-technical-ama-software-questions-part-2-294a5c58044c) + +Notable Points: +-Multiple dApps in progress +-Uses PoA model +-Browser/dashboard available for developers +-VeThor used to pay for smart contracts + +----- + +**2/23** + +VeChain [released its first of two Software AMAs](https://medium.com/@vechainofficial/vechain-technical-ama-software-questions-part-1-cb17c830e458). + +Notable Points: +-Public blockchain/mainnet to launch in June +-Solidity coding language +-Developer kits to be released +-Security against 51% attacks +-10,000 tps + +----- + +**2/22** + +*Second Update of the Day* + +VeChain [releases a video](https://www.youtube.com/watch?v=Ojq69EUJHlw&feature=youtu.be) demonstrating how automobiles will incorporate VeChain technology. + +*First Update of the Day* + +VeChain [unveils the second part of its Hardware AMA responses](https://medium.com/@vechainofficial/vechain-technical-ama-hardware-questions-part-2-6f6a0c79b630). + +Notable Points +-Machine in demo has already made 20,000 tags for French luxury brand +-Production is extremely scalable and can hit high demand +-Uses for anti-theft +-Pictures of VeChain tags +-Clarifies that ***no blockchain hardware for any company can write “directly” to the blockchain*** +-All chips already in use, ten different types +-NFC/RFID hybrid tag specifics + +----- + +**2/21** + +CEO Sunny Lu [appears on CNBC](https://www.cnbc.com/video/2018/02/21/wait-and-watch-on-venezuelas-petro-cryptocurrency.html) and discusses government involvement with cryptocurrency. + +*Notable Quote:” +"It's interesting to see, the government is looking for help from technology. But still, we need more time to see how the project will run and how it can help the current situation on the Venezuela fair-currency and economics. We don't know for now, but it's a good start.” + +------ + +**2/20** + +**Second Update of the Day** + +VeChain released [an explanatory video highlighting medical and healthcare solutions](https://www.youtube.com/watch?time_continue=1&v=BmmpSu2NBc0). + +**First Update of the Day** + +Vechain [releases the first part of its five part Hardware AMA responses](https://medium.com/@vechainofficial/vechain-technical-ama-hardware-questions-part-1-ce7a5f19c3e1). + +Notable Points: +-Offline/online temperature sensors +-Drone usage +-CHAOS decentralized storage solution developed by VeChain +-Hardware wallet on roadmap +-ID Registration service for IoT delivered at Berlin Trusted IoT Alliance meeting +-Data security +-Sub-chains and cross-chains + +----- + +**2/19** + +VeChain [signs a partnership with Yida Group’s IT Management division, Yida Future](https://medium.com/@vechainofficial/vechain-signs-a-partnership-agreement-with-yida-groups-it-management-division-yida-future-44d0663a2ac). + +*Notable Points:* +-Yida Group is on the Hong Kong Stock Exchange and has over 5,000 employees +-Yida Group currently has over 2.36 million square meters (25 million square feet) of AUM (Asset Under Management) such as the globally known Dalian Software Park. +-Yida Group also developed, operates and manages the Eco-New City of Dalian, Dalian B.E.S.T. City (Biodiverse Emerging Science Technology). +-Phase one of this partnership will include integrating the Gui’an smart city administrative solutions into existing projects. The end result of this partnership being VeChain Thor integration into current technology and the development of blockchain solutions that are customized to all existing clients and assets under Yida Group. + +----- + +**2/14** + +VeChain announced the winners of the community video contest. The winning videos are below. + +First Place: [Vechain: An Introduction](https://www.youtube.com/watch?v=uW7trs4Y2IE&feature=youtu.be) + +Second Place: [Vechain. The Future. Now.](https://www.youtube.com/watch?v=08_pLmckl0U&feature=youtu.be) + +Third Place: [VeChain Thor: BlockChain for All](https://www.youtube.com/watch?v=0GzfQ-rDxWM&feature=youtu.be&disable_polymer=true) + +Fourth Place: [VeChain for Kids](https://www.youtube.com/watch?v=HcljAQ1XHPo&feature=youtu.be) + +Fifth Place: [VeChair Thor: Empowering Everyone](https://www.youtube.com/watch?v=7WYEYzJ6ZsI&feature=youtu.be) + +Community Favorite: [VeChain: Refining the Interconnectedness](https://www.youtube.com/watch?v=7ZtTSw6iNvk&feature=youtu.be&disable_polymer=true) + +Upon the announcement of the winners, CEO Sunny Lu revealed that [he would be doubling the prize VEN of each winner](https://twitter.com/sunshinelu24/status/963826136223571969), totaling additional 4,000 VEN. + +----- + +**2/13** + +**Second Update of the Day** + +[VeChain announced its first technical AMA](https://twitter.com/vechainofficial/status/963397443915169792) with questions collected on the r/VeChain, hosted by [CTO Gu Jiangliang](https://medium.com/@vechainofficial/introducing-vechains-cto-gu-jianliang-to-the-community-81f7343f583b). + +**First Update of the Day** + +[VeChain released a sneak peek video](https://medium.com/@vechainofficial/vechain-tech-sneak-preview-8834d5dde843) of its technological capacities. + +***A major highlight was a proprietary RFID/NFC chip that writes directly to the blockchain, not through an API.*** + + +----- + +**2/12** + +**Third Update of the Day:** + +VeChain [released a short video](https://www.youtube.com/watch?v=__yfks8BK2A&feature=youtu.be) explaining how it would be used in Cold-Chain Solutions. The minute-and-a-half video is primer for understanding how VeChain and blockchain technology works in the real world. + +**Second Update of the Day:** + +VeChain released the transcript of COO Kevin Fang’s blockchain lecture to 35,000 Chinese community members over WeChat. + +*Notable Quotes:” + +“To tackle this issue, VeChain will provide customers with a custom online wallet service and a hardware wallet with built in properties designed for enterprise uses.” + +**First Update of the Day:** + +[VeChain CEO Sunny Lu met with the Deputy Prime Minister of Belgium](https://twitter.com/vechainofficial/status/962971583273816064), Alexander De Croo, to discuss blockchain technology. + +[De Croo tweeted “blockchain believers unite”](https://twitter.com/alexanderdecroo/status/963058721906679815) with a picture fist-bumping Sunny Lu. + +De Croo later [tweeted a news article about the meeting](https://twitter.com/vechainofficial/status/963103195084996609). + +----- + +**2/11** + +VeChain [announced a partnership with Austalia’s 188 Business Alliance Association](https://medium.com/@vechainofficial/vechain-partners-with-australian-based-188-business-alliance-association-6c266d2fca75). + +*Notable Quotes*: + +“VeChain has signed with 188 BAA to effectively manage the logistic park management solution using VeChain IoT applications. VeChain will be integrating a combination of drones and IoT with VeChain Thor to capture, source, manage, and secure big data solutions for warehousing zones and logistic parks for cross-border business operations. This solution will be flexible enough for businesses to integrate other needs alongside VeChain within VeChain Thor’s ecosystem to collaborate and continue rebuilding cross-border business processes and ecosystems globally. 188 BAA Logistical Centers will circulate meats, dairy, wool, textile, and even mineral ores from mining and precious metals. The fully automated logistic centers in both Australia and China phase 1.0 will be funded by over 200 of the members of the 188 BAA, the design, planning, building of the project kicks off immediately.” + +Suggested Importance: [China to become biggest foreign owner of Australian farmland](https://www.weeklytimesnow.com.au/agribusiness/decisionag/china-to-become-biggest-foreign-owner-of-australian-farmland/news-story/ba27742491380f55568bc3d5ada296cb) + +----- + +**2/10** + +Responding to community request, VeChain launched a second Telegram group, this one dedicated to a more serious discussion with GIFs disabled. + +----- + +**2/7** + +VeChain revealed [its first public dApp VeVID](https://medium.com/@vechainofficial/vechains-first-official-public-infrastructural-decentralized-application-vevid-cd97bdf98670), also known as VeChain Digital ID and KYC system, VeChain Verified ID. + +*Notable Quotes*: + +“Having a valid KYC and Digital ID system enables such qualified parties to build stronger projects without overcoming additional, or repeated, hurdles. The understanding of who is who within the ecosystem creates a global ripple and makes the management of your data, incredibly simple and powerful.” + +“An close to home example of the use case for VeVID would be [Fanghuwang](https://medium.com/@vechainofficial/vechain-breaks-into-the-financial-services-industry-by-partnering-with-fanghuwang-2a3a42ebe6b), a fast growing financial services/lending platform based in China. Fanghuwang will work closely with VeChain to make sure the lending platform’s KYC process on blockchain for all future and existing clientele shall meet the standards of financial markets regulators and ultimately the standards set forth by both PBoC and CBRC (People’s Bank of China and China Banking Regulatory Commission). + +“VeVID is being built in tandem with BitOcean, and other key strategic partners, to uphold the standards set globally. This system is designed from the ground up to be Japan FSA compliant and cater to any other known government regulations. [BitOcean](https://medium.com/@vechainofficial/vechain-bitocean-7f12402e13b0), and other key strategic partners, provide a great deal of regulatory background to the systems that create this KYC system.” + +----- + +**2/5** + +Suspension began. + +----- + +TL;DR Chronological Timeline + +**2/5** Suspension Began + +**2/7** First public dApp, VeVID, revealed + +**2/10** Launch of “serious,” no GIFs Telegram group + +**2/11** Announcement of partnership with 188 Business Alliance in Australia + +**2/12** CEO Sunny Lu met with Belgian Deputy Prime Minister, transcript of COO’s blockchain lecture released, video released about coldchain logistics + +**2/13** Released sneak peek video of hardware and announced hardware AMA + +**2/14** Community video results revealed + +**2/19** Partnership with Yida Group signed + +**2/20** First part of AMA released (hardware #1), short video on medical and healthcare logistics released + +**2/21** CEO Sunny Lu appears on CNBC and discusses government and crypto + +**2/22** Hardware AMA Part 2 is released, short video explaining automobile “passport” system is released + +**2/23** Software AMA Part 1 is released, live stream of rebrand event formally announced + +**2/25** Software AMA Part 2 is released + +**2/26** Rebrand event, apotheosis part 3, BMW partnership announced, Oxford University Partnership announced + +**3/1** Financial executive summary released + +**3/3** VeChain partner and ICO developer BitOcean is approved in Japan as an exchange + +**3/5** VeChain announces its X node series, opening up a limited time node option that must be claimed by March 20th. + +**3/6** VeChain’s partner DNV GL announce the first 3rd party app, My Story, piloted by Italian wine companies +Hello friends, here’s a bit more information about my parents situation: + +-They lost everything during the 2008 recession. Combination of bad luck and poor financial decisions led to where they are at now. As I mentioned above, no 401k or savings. + +-They filed for bankruptcy a couple years ago, and after completion of their payments in several months, they will be debt free. + +-Mom has a good job making low $60k/year, Dad has struggled finding a good job. He’s been making minimum wage barely making ends meet for the last couple years. + +-They are both good people and as the eldest son I’ve managed to help out financially as much as I’ve been able to up to this point, but I’m out of ideas. I want to be able to show them both (mainly my father since he’s in a “worse” spot right now) a good path that will allow them to retire, eventually. Any advice, tips, words of wisdom or guidance would be much appreciated. Not a religious man but I’ll also accept prayers at this point as well. + +Thanks guys. + +**Edit: I cannot believe the incredible support, positive thoughts, and fantastic advice so many ~~strangers~~ new friends have offered in the last 24 hours. I’m literally in shock reading some of these responses - how some of you have opened up and shared part of your personal lives with me, as it relates to my family’s situation. Thank you for restoring my faith in humanity. I’ll make sure to reply to all comments this weekend.** +***Corruption is legal and Cryptocurrency is Illegal*** + +&#x200B; + +Not a great writer + +&#x200B; + +So yeah this does exist and you can go to jail for trading/holding cryptocurrency. You maybe wondering which country it is. It's located in South East Asia called Nepal. I've been into crypto space for almost a two year now and it's like living in the future. Recently Three people got arrested and four member of the same family got arrested for trading cryptocurrency. Kudos to those who got arrested. May satoshi be with you. Fuck this country man so tired of this fucking government fuck the system. I'm so frustated and deperessed reading these types of news warning about cryptocurrency. The government doesnot give a fuck about development it's all corrupted from the root. I want to keep a low profile now but fuck man talk about freedom nothing like this actually exist we are just bind by the shitty rules made by government. kudos to those who live in a country where you can hold and trade cryptos freely and can experience financial freedom. I have huge respect for those country. I want to get out of this shithole country and do what I want freely. So yeah good bye to the r/CC community but I'll be back when they make crypto Legal or meet a point where I don't give a fuck and keep trading and holding crypto. + +&#x200B; + +https://preview.redd.it/5avwrsbuz7e81.png?width=847&format=png&auto=webp&s=2b7fa19d4a25a48121756c92499a094425f35e02 + +https://preview.redd.it/ihxg5vbuz7e81.png?width=736&format=png&auto=webp&s=302b853ad5746fa4fd30f68dbdd5a3435c79ba89 +All my funds tied up in calls. Huge overreaction. (Edited out the suggestion as I realize I shouldn't have made any sort of suggestion on this sub) + +&#x200B; + +To all asking: I hold no shares in this company, this was just an alert to a huge dip. Do whatever you think is best. + +&#x200B; + +2nd edit: 🚀 +EDIT: Matt Miller just tweeted this!: Anyone know how to get in touch with Jason King or @SeansOutpost? We want to run a segment tomorrow, collecting #bitcoin for the cause + +[Blockchain confirmation](https://blockchain.info/address/1GkBw2o1ZeqsrbtVNbuBiqfoWd95Q2s6Ku) + +If you haven't heard, I "stole" a bit of bitcoin from Matt Miller's gift bitcoin certificate when a co-host on the segment he was on, ironically called "Street Smart", showed the private key of his bitcoin paper wallet. I took it because I knew that if I didn't someone else would. I let Matt know that I would return the amount to a new address but he just let me keep it and congratulated me for a job well done. + + I still wanted to send it back on live tv to show how fast Bitcoin is and to have a chance for others to send Bitcoin to a public key that Matt would then send to Seans Outpost. I don't think Matt will be doing this on national tv so I decided to just send the amount to Seans Outpost myself. + +Would have been nice to show not only the speed of bitcoin transactions on live national tv but also the generosity of the Bitcoin community. Nevertheless, I do applaud Matt for explaining the need for security when dealing with bitcoin private keys and acknowledging that I said I would send the money back, even if the news articles are portraying me as a "thief", "hacker" and "mugger". Let's hope they update their articles to include the donation to Seans Outpost! +I've been lurking here for a while and I've never actually posted but one thing I've noticed is that there are people who just straight up bash bitcoin saying this and that and that their other coin is better and blablabla. + +These people don't understand (yet, but they will) that it's not important which coin is better at this stage. It's a fucking revolution against the corrupt banking system that's been going on for centuries, concentrating humanity's wealth within a couple hundred families. + +Now isn't the time to be divided in the crypto space, it's time to be UNITED. We are going to be legends in 50 years. The pioneers of a new financial era. + + I don't know if bitcoin will always be king but one thing I do know is that decentralized money will take over the fiat system. I've been into stocks for as long as I can remember and I'm now convinced, crypto is the way! + + Brothers and sisters, we are all early adopters so let's support one another. Be kind with each other and let's surf this huge wave of positivity and change together. Stay stong and HODL through the storm. + Tesla CEO Elon Musk sold 7.92 million shares of the company worth around $6.88 billion, according to a series of financial filings published Tuesday night. + +His transactions occurred between Aug. 5 and 9, the SEC filings revealed, following Tesla’s 2022 annual shareholders meeting on Aug. 4 in Austin, Texas. + +Earlier this year, the Tesla and SpaceX CEO said on social media that he had “no further TSLA sales planned” after April 28. + +That week, SEC filings revealed Musk had been selling a block of shares in his electric car maker worth about about $8.4 billion. + +The centibillionaire is in the midst of a contentious legal battle with Twitter, the social networking giant he agreed to acquire in April for about $44 billion or $54.20 per share. + +Amid an overall market decline, Twitter’s share price and the price of Tesla’s stock dropped after that. + +By July 8, Musk told Twitter he was terminating the deal. He accused Twitter of failing to give him all the information he needed to go ahead with the acquisition, and of understating the number of bots, spam and fake accounts on its platform. + +Twitter has sued to ensure the Musk deal goes through for the promised price, which would represent a windfall for many of its shareholders. + +On Tuesday, after Musk’s latest stock sales were revealed, Tesla fans and promoters asked the celebrity CEO if he was done selling shares in the electric vehicle business, and if he might buy shares back in the future. + +Asked if he was done selling Tesla shares, Musk replied: “Yes. In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock.” + +Musk did not specify which equity partners he feared would abandon plans to finance a Twitter take-private transaction with him. + +In early May, Musk had lined up equity financing from 19 different partners including Saudi Arabia’s Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Qatari Holding, venture firms Sequoia, DFJ growth fund, Vy Capital, and the cryptocurrency exchange Binance. + +He also said he would buy some of his shares back if he doesn’t have to go through with the Twitter acquisition. + +If the Twitter deal doesn’t happen, he will consider creating his own social platform, [X.com](https://x.com/), he added. + +Tesla shares were trading nearly flat after-hours on the news. Tesla closed at $850, down just over 2% for the day on Tuesday, before Musk’s insider sales worth nearly $7 billion were made public through SEC filings. + +Source: [https://www.cnbc.com/2022/08/09/elon-musk-sells-7point92-million-tesla-shares-worth-6point88-billion.html](https://www.cnbc.com/2022/08/09/elon-musk-sells-7point92-million-tesla-shares-worth-6point88-billion.html) + +Elon Musk sold $6.9 billion worth of Tesla TSLA shares over the past week. Musk claims he sold in the event that Twitter forces this deal to close \*and\* some equity partners don’t come through. + +Earlier this year, Musk said that he had “no further TSLA sales planned” after April 28. + +Do you think Musk used the TWTR deal as an excuse to sell TSLA stock? +I work as a waiter in a high-end steakhouse outside Washington D.C. Lots of corporate execs, politicians, lawyers etc... + +I have been waiting (pun intended) for over a year now to overhear conversation about bitcoin and tonight it finally happened. One of my tables was a group of young (mid 30s) professionals and my ears perked up on some choice words so when I had a moment I asked if they were just talking about bitcoin and one guy was probably just as surprised as I was when I asked. + +He is a financial regulations lawyer and his father is an economist and they are both blown away by bitcoin and buying. He hadnt quite gotten any of his colleagues at the table convinced yet, but when the check arrived one of them asked if we took bitcoin yet, lol. He even mentioned reddit and signed his check "To the Moon!" haha + +Thought you all would get a kick out of it. I swore I would buy more bitcoin the day this happened, so if there is a huge spike in price tonight it was just me throwin some weight around (har har). + +Cheers! +The "real" price should have been loking like this for a while now. I am refering to posts like this, that gained quite a bit of traction: + +https://old.reddit.com/r/Superstonk/comments/mpzk59/iex_is_a_threat_to_citadel_tits_jacked/ + +And quite soon after that the exchange went down twice: + +https://old.reddit.com/r/Superstonk/comments/mq60r8/iex_exchange_down_twice_today_in_the_space_of_30/ + +The real market has been wanting this price to go up for a long time. Now it can. + +In fact, even without squeeze, the price **should** rise more than this today because apes keep buying, but a lot of their buys still get through dark pools. This isn't even a complete removal of their dark pool manipulation bullshit. + +In my opinion, this is just a taste made by some that managed to change exchanges, in combination with the good news of Gamestop paying their debt in full. Which is weird, because all the good news lately have been met with price decreasing. ;). My tits are completely jacked. 🚀🚀🚀🚀 + +Diamond fucking hands. 💎🙌 +As of August, Reddit said it had a [valuation of about $10 billion](https://www.wsj.com/articles/reddit-taps-investor-appetite-for-startups-further-raising-valuation-11628766000) **after raising more than $400 million from Fidelity Investments Inc.** In February, the social-media company said it had raised about $500 million at a [$6.5 billion valuation.](https://www.wsj.com/articles/reddits-valuation-doubles-to-6-billion-after-funding-round-11612833205) + +[https://www.wsj.com/articles/reddit-files-paperwork-for-initial-public-offering-11639625013](https://www.wsj.com/articles/reddit-files-paperwork-for-initial-public-offering-11639625013) +I've made good gains from Nvidia this year. I was thinking the price is really high already before today's new release. + +This new graphics card is a literal game-changer. It's going for 500-ish and its performance is on par with the previous-generation 2000 dollar graphic card. + +I am thinking abt buy more Nvidia tmr. I want to hear what everyone thinks. + +Let's have a fun chat. +It's still frickin amazing. 7 thousand USD is a lot of value. And it's just one single coin, from which used to be worth cents. + +Remember that during these times. there are still individuals buying at this price; there is immense belief in Bitcoin. + +Upvote if you agree. +Hey everyone - I am looking for some advice on what to do with my money. I just graduated from university with a degree in aerospace engineering, but started work as a consultant for a consulting firm in Texas. My parents moved to the US when I was 2 and are small business owners that have to work almost every day. They never learned about retirement and have not made any plans to retire outside of me. I want to be able to position myself in a good place where i can have enough cash flow to both take care of my parents and my future family in the coming years. + + +I currently earn $80,000 annually without any bonuses or OT included. I am maxing a roth IRA provided by my firm and also maxing 10% of each paycheck in a discount stock purchase plan. Outside of that I have a Marcus account from Goldman where I have my emergency fund($10,000) and started saving $200 a month for my parents. Outside of my current expenses, I have an additional $1000\~ that I can either save or invest every month. I don't know too much about Real Estate or Investing so I am a bit hesitant to jump in without learning about either of those first. + + +I would love to hear opinions on what you guys think I should do or any suggestions on how I can learn to position myself to better serve me and my parents going forward. I just want to be able to make their sacrifices worth it and am very quickly realizing that this is the stuff i wish they taught in HS/College. Any and all help would be appreciated. Thanks yall!! +Example: + +Your password is "Hunter2" + +You could successfully log on with + +HUNTer2 + +HuNtER2 + +hunter2 + +HUNTER2 + +hunteR2 + +etc etc etc. Chase doesn't salt their passwords, so you should change your password to Hunter@2!? or something like that to make sure you have an ACTUALLY somewhat complex password. +Looking for some feedback, I received the below letter from my management company and I found it interesting. I’m sure laws change from state to state. I’m in New York. What do they mean by additional security deposit. I believe the standard was 1st and last and security deposit and possibly agent fee. Regardless if I’m a renter to dish out 4 months of rent out front id rather put a down payment towards a house. + +Dear Client, + + +After reviewing the recent legal changes pertaining to tenant screening, we have noticed that we are no longer allowed to ask for additional security. As an alternative, we can ask for last month’s rent. We also are no longer allowed to deny based on eviction history, but if someone was evicted before, chances are their credit will not be in the best shape and something else might come up on the credit report. + +We are periodically checking and reviewing laws concerning our industry to better protect our clients and stay conforming with any legal changes that arise. If there is something you have a question or concern about, please feel free to contact our office anytime. + +Thank you, +I know the Redfin and Zillow data libraries exist. They dont offer what I'm looking for. I dont want the average sale price of homes in a zip code. + +I want to be able to pull data with queries like... + +* Homes sold in <area> between <date1> and <date 2> +* Homes for sale in <area> between <price 1> and <price 2> with <beds> + +And then have it spit out unit-level info like: + +* 123 Main St, Queens NY, ZIP | 2 bed | 1 bath | Last Sold $100k | etc +* 456 Main St, Queens NY, ZIP | 5 bed | 4 bath | Last Sold $190k | etc + +I cant find anything like this. I have a script that scrapes Redfin but it consantly breaks, needs babysitting because of anti-scraping tactics, and doesnt have much historic data. + +I tried to figure out where rentometer gets their data but that was a fail. I imagine the data they have would be perfect for what I want. + +This isnt for some business or commercial use to resell, just my own analysis for my own property acquisitions. + +The furthest I've gotten is exploring the network connections on Rentometer and finding they rely on Mapbox for something. The mapbox website has this page: https://www.mapbox.com/industries/real-estate/ + +Compstak seems to be commercial only, though. +I would like to hear from other investors about their story for their first investment property. What age were you? How much did you invest? What mistakes did you make? What lessons did you learn? +I'm a small time realestate investor in Colorado Springs, CO. + +Currently have 5 single family houses, (1 mine, 4 investment). + +I've maxed out my debt to income ratio (in the 60% range.) + +I just found another house. Super cute, needs a few dollars in basic upgardes, about $20k, will take 30 days or less. + +I currently have $40k in savings. House is worth $300k when all said and done, selling for $210k. 3 br 2 bath, can rent for $1.8-2k/month. Credit score 740. Bought three houses in the past 3 years. All rented no missed payments. + +Big question to the experienced people out there, How do I buy it? My realtor mentioned 'hard money' but all I read about that is "avoid at all costs". + +I'll ask them tomorrow when I tour the house about owner financing, but that is anything but a guaranteed option in today's market. + + +Need advice on how, if even able, to purchase said house. Worst case scenario is I can refi one or two of the other houses, but that'll convert them from 30yr mortgages to 15year mortgages, and Id like to avoid that. +Hello everyone! + +🏡 + +I am interested to know what your thoughts are on cross-border investing with real estate? + +Are there any key markets you are currently investing in, or, have your eyes on? + +What are the key signals for a yes - or a no - when looking at an overseas market? +I am about to graduate college and would like to venture into the world of real estate investing. What are things you wish you knew or tips you would give someone just starting out? +I recently purchased a multifamily property and a month ago I received a $1,000 water bill. The city where I bought bills water quarterly, so none of that $1,000 is my responsibility. + +The first thing I did was call the water company and they said they would issue a final bill to the previous owner. I asked them what happens if the previous owner doesn't pay, and they said that they would expect the current owner (me) to pay. + +I have also tried to contact the previous owner by contacting the selling agent. It's been a month and no response, so now I have a past due bill. + +Any advice on what to do next? + +Edit; thanks for all the advice. The property is located in Dayton OH. I am sending a copy of the bill to the listing agent first. Then I'll contact the city of Dayton water Dept again. If that fails, Ill go after the title company and last hire a lawyer. + +Of note; my agent normally uses his own title company, but the listing agent insisted we use theirs. In the future I think I'll politely decline. +I know most are against condos as an investment, however, I am considering buying one as a primary residence - first time homeowner + +The HOA does not allow renting within the first 2 years which is both standard and a non issue for me + +I have the opportunity to buy at an incredible basis but want to know how flexible the investment will be long term + +The HOA states that no unit shall be rented for more than 2 out of every 10 year period + + +Does anyone have experience with something similar? + +How flexible/concrete/restrictive are these covenants? Is it ever the case where the homeowner can successfully petition an exception for say a long term tenant? For example a 2 year tenant who wanted to renew. + +While the basis to enter is certainly great, I’m curious to know my options for the future! +Hello everyone! + +🏡 + +I am interested to know what your thoughts are on cross-border investing with real estate? + +Are there any key markets you are currently investing in, or, have your eyes on? + +What are the key signals for a yes - or a no - when looking at an overseas market? +My business is moving and has our current building on the market. We've got an offer, but the buyer wants us to provide financing. I'm not opposed to this, but I don't have a lot of real estate experience. I'm wondering how a deal like this is usually structured and what is typical for an interest rate, required down payment, and term? Are there any red flags I should be watching for? +I’m currently 36, $5M NW, $500k income, and planning to RE in 4-6 years. I have the option to put $19k of my bonus into my 401k. I know it technically makes sense for tax reasons, although I’m reluctant for two reasons: 1) I like having more cash liquid for before I hit 65, and 2) cash today can be put in higher risk strategies than available in a 401k plan (e.g. real estate, PE funds, margin brokerage accounts). There’s no company matching. + +I’ll probably skip it, but wanted to check with others in a similar situation to see if you also go against traditional advice (max your 401k) since you have access better investment opportunities or the timing doesn’t align with FatFIRE timelines. +Do any of you on the fatfire journey continue to rent your living space, even when you can afford to buy a house? Personally I enjoy the features of luxury apartment buildings (the doorman, in-building gym facilities, etc.). But I’m worried I’m missing on the financial benefits of owning property. Is buying a condo unit a good middle ground for this? +I’m currently 36, $5M NW, $500k income, and planning to RE in 4-6 years. I have the option to put $19k of my bonus into my 401k. I know it technically makes sense for tax reasons, although I’m reluctant for two reasons: 1) I like having more cash liquid for before I hit 65, and 2) cash today can be put in higher risk strategies than available in a 401k plan (e.g. real estate, PE funds, margin brokerage accounts). There’s no company matching. + +I’ll probably skip it, but wanted to check with others in a similar situation to see if you also go against traditional advice (max your 401k) since you have access better investment opportunities or the timing doesn’t align with FatFIRE timelines. +Turning 33 in a few months. Currently sit at $1.8MM USD. About $750k all-in comp (W-2). + +Would be curious to hear where everyone was at this age and how their finances look now. By my math, this can grow to $25mm+ over the next 20 years (assuming I don't screw it up). + +Any input / share experience would be highly appreciated! +Starting a startup in RI, while live with family and own other businesses in NJ ( 220 miles) Need to commute every other friday to RI. Driving takes 7-8 hours round trip without traffic. Got driver but still feel lots of time on the road. + +Property in NJ has 2 acre ( can we put helipad) +I am 45 miles south of Teterboro airport. +Any insights on options to save time. NW 75m. +I was suspicious when my recent submission to /r/technology about Zynga accepting Bitcoin only received a single upvote. (I don't even know how it got that.) After some investigation, it turns out that at some point in the past two weeks, /r/technology has blocked any Bitcoin-related submissions. You can [search by new submissions](http://www.reddit.com/r/technology/search?q=bitcoin&sort=new&restrict_sr=on) on the subreddit and see that the most recent submission is 10 days old, despite the news about Zynga, Pastebin, and India. + +Given that /r/technology is usually the only default subreddit where Bitcoin-related links make sense, this now effectively prevents Bitcoin from getting to the front page. + +I know that /r/technology already banned /u/bitcointip, which is reasonable, but it seems like this is a bit much. +It's in everything nowadays, AMD will be in the new Teslas, graphics cards, phones, tablet, 5G, any "smart" device pretty much need these guys, but the question is will these guys be driving SPY or would SPY/VOO still be a better option in the like 10-15 years? Thinking about CHPS/SOXX as well. What do you guys think? + +[https://www.hitachi-hightech.com/global/products/device/semiconductor/life.html#:\~:text=CPUs%20that%20operate%20personal%20computers,LED%20bulbs%20also%20use%20semiconductors](https://www.hitachi-hightech.com/global/products/device/semiconductor/life.html#:~:text=CPUs%20that%20operate%20personal%20computers,LED%20bulbs%20also%20use%20semiconductors). + +Semi-conductor/processors will be behind every technological advance we have, fields like AI, LoT look super interesting. + +[https://www.financialexpress.com/investing-abroad/stockal-specials/semiconductor-industry-key-growth-drivers-and-the-changing-trends-an-overview/2287214/](https://www.financialexpress.com/investing-abroad/stockal-specials/semiconductor-industry-key-growth-drivers-and-the-changing-trends-an-overview/2287214/) +I mean in the most fundamental way. I understand that a company might want to issue new stock at a high price to raise money or that CEO pays are linked to it, or that execs want their net worth to grow, but other than that isn’t stock price/market valuation just a sign (an indicator) of how well the company is doing? I.e. it’s a one-street. Better company makes higher stock prices, but not necessarily higher stock price makes better company. The reason I ask is because so many companies are obsessed with their share price, and will do anything to make it keep growing. +Hello guys, + + +I'm at a point where I need a good dose of adrenaline. + +I want to be part of this reddit crew and ready to go all in GME. + +What are your thoughts about this move? +Depending on the vote and commentary I will post screen every week on how it goes. + +My capital is 6 numbers. +It's totally surreal. If you look at my comment history you'll see just yesterday I was lamenting about how my degree never got me anything. And last month I had this very popular thread on here: [https://www.reddit.com/r/povertyfinance/comments/c0k5wm/anyone\_else\_agree\_that\_almost\_all\_their\_problems/?utm\_source=share&utm\_medium=web2x](https://www.reddit.com/r/povertyfinance/comments/c0k5wm/anyone_else_agree_that_almost_all_their_problems/?utm_source=share&utm_medium=web2x) + +Now, one of my former classmates recommended me for a job out of the blue and I got it instantly. I've literally become the person I've been jealous of for the last 3 years. + +And you what's crazy, the guy who offered me the job said "I know the base pay is *only* 60k but with bonuses you'll probably get 80-90 so don't worry". 60k would already be the best paying job I've ever had. + +I suppose I'll see you in a few months when I come here again to gloat about my student loans being paid off and my credit score skyrocketing. + +Pray that my lifestyle does not creep, and that my savings are high. +Hey folks, + +I'm revisiting my budget/net worth tracker for 2018. Adding some functionality and a dashboard for quick "year-at-a-glance" metrics. Aside from income, expenses, net worth, and retirement nest egg growth, what metrics do you track on your path to FIRE? + +Obviously different people have different goals and metrics will reflect that, but I'm just hoping for some inspiration while I'm still motivated to update my spreadsheet. + +Thanks! +Hi, I currently pay £28 a month for home and contents insurance. I’m aware that home insurance is a must but how do you feel about contents insurance? Is it generally hard to claim on this or even worth it if you need to? Thanks +I have a very good relationship with my parents, but they're a bit nosy especially when it comes to finances. I told them about a small amount I had in bitcoin many years ago, but now that it's in the five figures they have gone and told other people, and pressure me every single phone call to sell. + +It's commonly repeated here to not tell anyone you have bitcoin, but you can trust your parents, right? Maybe you can, but their knowing will possibly change the dynamic of the relationship such that you no longer enjoy talking to them. Just don't risk it. Keep it secret. +#Introduction To The GET Protocol +Whilst we are in this bear market, I wanted to bring you guys some information on a project that isn't well known yet and I want to present it to all of you here. Let me first start off by giving you some background on where this protocol has come from, and the team behind it. The protocol is being built by a Dutch team called GUTS: www.guts.tickets, they started with a humble approach back in 2016 and have since grown in size to the point where they are now becoming a very real and serious contender to traditional ticketing companies like TicketMaster. Their team are a passionate bunch with many different knowledge areas, their reason for starting the project is simple, when a new technology emerges like the blockchain the first instinct of many is to create something radical and something that has never done before. The blockchain really shines however, when you can apply it to industries that have deep rooted problems, issues that are widely seen across the globe. + +The ticketing industry is in desperate need for change as currently it is corrupt with unfair control over artists, event goers and issues for nearly any person who has purchased a ticket. There are numerous problems as discussed by many artists and fans out there whether it be from the instant sell outs of concerts, tickets lapped up by bots and then put onto secondary sites for up to 50x the price and unfortunately that is only the beginning. [Here's one example of the issues where even Ticket Master profits from reselling at massive price increases.] (https://twitter.com/davidfarrier/status/965374760849883136) + +##The Background For GUTS +So you may be wondering by now what the GET Protocol and the GUTS Team aims to achieve and how it achieves it. The team first started out with their application GUTS Tickets which uses several technologies to prevent the re-sale of tickets as well as preventing professional companies/bots from buying mass amounts of tickets to an event and then trying to re-sell them. The application does this by having tickets tied to mobile phone sim numbers, the application then uses a series of methods to further secure each ticket such as [shuffling QR codes](https://cdn-images-1.medium.com/max/1600/1*bail9unbKFRzwwjqh7584g.gif) which only reveal a set amount of time before an event starts. This helps with this security and their application over the past year and a half has grown in size, to the point where by the end of next year they estimate to sell over 1 million tickets through the application. They have also been given awards such as this past week in [SXSW Austin with the New Dutch Wave StartUp Award](https://blog.guts.tickets/guts-tickets-wins-startup-competition-in-austin-swsx-876e324e0770) + +Whilst the application is very impressive and exciting, it is the protocol that really takes the cake, as it completely blows the doors off the closed ticketing system currently in place and allows any artist/event holder to sell tickets directly to event goers/fans without need for a third party ticketing application, this changes the way the ticketing industry works, which by the way will be a 24 billion USD market by the end of 2021. The GUTS Application will be the first ticketing platform on top of the protocol and they have already used the [Ethereum blockchain for ticket state changes as can be seen here.](https://ropsten.etherscan.io/address/0x227878e2b4ad0055e2af98b4453909ac73efdda3) + +Artists can either use the GUTS Ticketing application for their ticketing or they can create their own system on top of the protocol as it is being developed to eventually be fully open source and customisable to easily sell tickets with all the challenges taken care of. In fact in the Netherlands the GUTS application is seeing wide scale adoption, with three of the biggest artists and comedians getting on board. [Jochem Myjer](https://twitter.com/jochemmyjer?lang=en), [Youp Van 't Hek](https://twitter.com/youpvanthek?lang=en) and [Guus Meeuwis](http://www.guusmeeuwis.nl/). In the past two weeks, Maarten the CEO of GUTS and the three artists mentioned above went on Dutch Prime Time TV (De Wereld Draait Door) to discuss the project and how it impacts the ticketing industry, all three of these artists are currently or will be using the GET Protocol and the GUTS ticketing application to sell their tickets to fans, Jochem has stated that it has several benefits and after having used the system he loved many of the features. [You can check out the interview on Dutch TV here](https://vimeo.com/258953277). + +##So How Does CryptoCurrency come into this equation? +So you may be wondering, how you can benefit from all of this disruption to the ticketing industry and well I do indeed have good news for you. The GET protocol has a cryptocurrency which is used for every single ticket created and used through the protocol and any ticketing application built on top of it. This cryptocurrency (GET) has several benefits, such as allowing venues and artists to track state changes of tickets that they sell as well as being a great and easy way to effectively transfer value of the ticket from fan to venue to artist. GET has far more outreaching potential than just being used for tickets also. The team have expressed that in the future we could see GET being used for purchases at events, such as drinks, merchandise, food and more. The possibilities of the GET token are truly endless when combined with the protocol and the event cycles we see for various events such as concerts, festivals, theatres, sports events and more. The Value of GET comes in the demand and scarcity of the token. [Event Organisers purchase GET](https://cdn-images-1.medium.com/max/2000/1*A7e7SrO7BRoPR30QtHaALA.png) and use the token for creating their tickets needed for an event (this then starts the event cycle). At the end of the event cycle, there is a locking mechanism which further adds scarcity to the token. + +The GET token is currently only on IDEX, Radar Relay and Etherdelta which is why it's only at a very low, 5 million market cap and since there is only 10.3 million tokens in supply there is a very very potent potential for this token when it gets further notice (and there will be more announcements and artists using the ticketing application and protocol in the future). There will be a centralised exchange coming Q2 so this should open up the chances for more to get on board with this project. There is a stability fund in place which will act as a siphon filled with GET and ETH and has the objective to always restore its original GET balance to 14% of the total GET issued. This SF supply never hits the open market and effectively brings the total supply down to 13.5 million tokens it is in place to reduce sharp volatility when organisers purchase GET, the more events that use the protocol, the more demand for the token and therefore more GET is bought off the open market. + +If you're interested in further checking out the cryptocurrency here are some quick facts: + +- 10.3 Million GET tokens in Current Circulatory Supply +- 13.5 Million Total Circulatory Supply +- [CMC](https://coinmarketcap.com/currencies/get-protocol/#markets) + +If you're interested in more information on the GET protocol, the GUTS ticket application and general information:&nbsp; + + +- WP: [GET Protocol/GUTS Whitepaper](https://guts.tickets/files/GET-Whitepaper-GUTS-Tickets-latest.pdf) + +- GUTS Website: www.guts.tickets + +- GET Protocol Sub Reddit: www.reddit.com/r/getprotocol + +- Sticky: [GET Protocol FAQ Sticky] (https://www.reddit.com/r/GETprotocol/comments/7oq2aa/guts_comprehensive_faq_resource_sticky/) + +- Article: [My Article on GUTS] (https://decentralize.today/guts-revolutionizing-the-ticketing-industry-e07218a9c74d) + +I hope everyone finds this thread useful and please don't hesitate to ask me questions in the comments, I'll make sure to answer as many as I can. If you want more information direct from the team, you can check out the wealth of resources in their [blog here.](https://blog.guts.tickets/) +So after the recent binance's scam-behavior with users trying to withdraw ALGO, and already having heard of accounts getting locked etc, i'm very concerned about it. In my country there are some national crypto exchanges not known in the rest of the world. Had already tried some of them, but most are annoying, have just a few coins listed, and worst of all: very high trading fees AND withdraws, ranging from 1%\~2% + +So when i discovered binance was very attractive because its easy, there's a lot of options, stacking, the highest volume and very low fees - which i like most, because i trade very very low $ volume. But after these events etc of course i don't want to lose my money like everyone else, and i'm not intended to keeps withdrawing to wallet everytime cause as i said, i trade low money and the fees ouuuch + +Which exchanges are you guys using? + +I have heard of coinbase, kucoin, coinex, OKEX, kraken and many others + +but i have no idea which one i choose, some research still lets me in doubt because, even liking comparison, i think these comparison websites can be manipulative. + +I am most interested tho in Kucoin because its token is growing fast, does it worth? + +Which are the most trustful exchanges out there? +Hello all + +Throwaway account as a bit too easy to link to my main account. + +I am considering leaving my W2 job to create a new hedge fund. I would have \~20% of the general partner and the other 80% would be held by other partners who are UK domicile. I live in NYC and will continue to live and work here. This would be a real enterprise managing $400mm+ so clearly we are about to get real advice on getting it set up. + +Obviously this is all incredibly complex in terms of tax structuring, but I was wondering if anyone has any referrals or basic advice on how I should attempt to set things up as relates my own personal tax situation. This feels like one of those situations where you need to get things right at the outset, and my concern is my UK partners will select into something that makes sense for them and I will need to advocate for a structure that works for me. I asked my personal accountant and he said it was well beyond his skills to the point where he didn't even have a referral. I also don't want to call PwC and drop $20k on advice if I don't need to. + +Much appreciated and I apologize for the niche topic. +Hi All, + +I’m considering changing up my financial strategy, and am looking for some advice from others who have done something similar. + +Currently my cash stays at Ally, but I’m considering if it’s time to move to a private banking relationship. I don’t need a wealth manager, I’m just going to invest in index funds anyway (though I would like access to IPO’s), but I would like access to better lending options. + +Background: +I’m a buy and hold real estate investor, and to date have focused on buying properties cash, fixing them up, then getting my cash back by putting 30 year 75% LTV mortgages on the properties. This has led my cash position to go up and down sharply depending where I am in that cycle. Most of my net-worth is locked in real estate, but I’ve built up to a sizable cash reserve at the peak of that cycle. + +I now have private lenders who will lend me 90% of the purchase price plus 100% rehab cost at decent terms, so I want to move away from using my own cash for the entirety of each deal. This is not a LOC however, every deal has to go through underwriting and takes 3-4 weeks. + +Sometimes I need to close a purchase in a few days to get it, so I can’t wait for underwriting. I just need to buy it, then I can go through underwriting afterwards to pay that back in a few weeks. So I also want a LOC for flexibility and zero gatekeepers. + +I’m thinking of putting the cash into a conservative ETF portfolio, then have a LOC against it for when I need to make a quick move (as an example Chase quoted 50-85% of my portfolio LTV depending on allocation). But I’m open to any LOC option. + +For private banking, I’ll take the waived fee’s and whatnot, but that doesn’t add up to much. For me it’s about total return and flexibility. How quick can I get a wire out, what amazing lending options does someone have, how can I best leverage my assets to get more assets. I plan on making a lot of purchases next year, want to make this easy. + +Can anyone recommend a great bank with a private banking relationship that would fit here, or a roll it yourself solution you’ve used successfully? I’m a U.S. citizen and spend a majority, though not all of my time in the States. All my properties are in the U.S. + +Thanks all! +With rental demand increasing in Brisbane rent prices are starting to increase + +Have a good long term tenant and they never got a rent increase. Over time it has fallen behind comparable market rents by a reasonable margin + +New agent has identified the gap and has pushed to close it, which i have agreed is necessary + +Agent has had the discussion and they have come back with an offer to repaint inside the house (ill provide the paint & brushes etc) if I leave the rent as is for another 12 months + +I'm open to the offer as I had told the tenant 6 months ago the place was due a lick of paint (particularly bathrooms) and I was previously going to go through trades once tenant advised best time etc, although due to disruptions etc they have avoided confirming a date + +My question is, if I do this do I need to make sure the tenant gets themselves workcover insurance ? + +I'm a bit paranoid what might happen if they hurt themselves. They're not elderly or anything (in their 40s per agent) but I guess you never know +Seems to be that you're saving about 10% of tax by putting it into the Super, which seems like basically a guaranteed 10% ROI. + +The downsides I see are: + +\- Can't withdraw the money for a rainy day. ie. you shouldn't save your max super at the cost of putting yourself in a bad financial position. + +\- If you're saving for a house deposit, then you'll have a lower deposit => higher interest rate, or have to wait longer and potentially have a more expensive house. + +&#x200B; + +&#x200B; + +The other question I have is re: the the contributions carry forward: [https://www.ato.gov.au/rates/key-superannuation-rates-and-thresholds/?anchor=Concessionalcontributionscap#Concessionalcontributionscap](https://www.ato.gov.au/rates/key-superannuation-rates-and-thresholds/?anchor=Concessionalcontributionscap#Concessionalcontributionscap) + +I'm not really understanding this, but basically I moved to Australia from New Zealaand in 2018, have been getting employer contributions of around $10K each year, can I also be salary sacrificing over the next year to make use of the lower tax rate to for the amounts below 25K? + +&#x200B; + +These two things combined kind of does make a weird financial situation for me - where I could be sacrificing a huge chunk of my salary to by trying to make max the contributions cap, but that would come at the cost of saving for a house deposit. +Has anyone noticed that certain data on yahoo is incorrect for certain stocks? + +I noticed that the "trailing annual dividend yield" is often not correct. + +For example: + +[https://finance.yahoo.com/quote/WHLR/key-statistics?p=WHLR](https://finance.yahoo.com/quote/WHLR/key-statistics?p=WHLR) + +[https://finance.yahoo.com/quote/QIWI/key-statistics?p=QIWI](https://finance.yahoo.com/quote/QIWI/key-statistics?p=QIWI) + +[https://finance.yahoo.com/quote/HHR/key-statistics?p=HHR](https://finance.yahoo.com/quote/HHR/key-statistics?p=HHR) + +etc.. + +Makes me wonder how trustworthy are the other fundamentals.. + +If you noticed some inconsistencies, please leave a comment so we can have a better understanding which fields we can trust. +I have a FXPro account and I use to make trades manually, I want to create a bot that automatically makes a trade, I see in the wiki there is plenty of resources on different strategies that can be used which is great. But how does the bot execute the trades on MT4 ? I've seen people use Alpaca but I am not sure. + + +So i basically trade SPY call spreads and straddles with hedge in vxx using various closing and opening strategies. All of the closing and opening rules are specific and there’s no room for errors there. + +I use options table calculator to test the spreads that i make, taking the bid and ask. I also account for IV by taking the standard deviations and converting into percentages when there are differences in IV. + +I’ve been working on this strategy for about 4 months now, and i cannot think of anything that might be wrong other than the assumption that i will be able to close my SPY spreads at certain levels of losses (even if i give room for it to run more than my loss threshold by quite a bit, profits of more than 250% will persist) + +I’m about to go ahead and start using this strategy in my live account, but i don’t want to lose money because there’s something out there that i didn’t take into consideration. Any suggestions would be appreciated. +Today target registers went down for 2 hours. I assume the stock would’ve dropped significantly since then but it really hasn’t. Any explanation for why not? Also headlines seem started negative then said “the bad is over” so I wasn’t sure if sentiment analysis would pick up that it says bad -> over = “good”. if so, would it know that bad to bad->over in a short time span means stock probably hasn’t stopped going down, but if it was long term then the stock would have reached the low point earlier and now that the issue is over go back up? Also why didn’t target stock drop more today in general? +I'm biased towards the we're overvalued side of things. + +It seems like lately the *only* reasoning many give for the current market prices are the low interest rates. This idea to me does not flow with the idea that most investors demand at least some type of safety or risk aversion with their investment choices. + +Lower interest rates, easy money, and simply no where else to put that money to gain a return, won't last forever. Sure, up until some given point (and that is the key) investors will flock to the only option available for returns. However, in my opinion, that level will slowly wane as the market rises along with the risk associated with it at these price levels. I don't believe investors will continue to put their money to work in a market that (at these price levels) only brings a higher level of risk with it. At some point money will stay on the sidelines. + +Low interest rates just might cut it as a qualifying reasoning for the current valuations, but they won't be the reasoning for a correction/recession if it occurs and stays. + +Low interest rates that fueled this IMO excessive market rally will eventually be named the cause of the eventual correction. At that point whether money on the sidelines flows in will be dependent upon the economic/stimulus conditions at the time. + + +Summary: + +Give post authors a way to remove the post and all comments from the Moons payment system, ie demonetize the post and all comments. + +Problem: + +I feel that there have been many negative issues caused by the direct monetization of posts with Moons. It pays people to optimize for actions that are the opposite of reasoned discourse. It further requires administrative overhead and rules to prevent things from melting down completely in a race to the bottom for short term monetary gains. + +Solution: + +This proposal would remove the post and all comments from consideration for Moons rewards. The method would be a title containing, without the quotes, '\[NoMoons\]'. The title of a post is immutable after the post is made and still allows flair to work as a filter. + +This can also be an experiment to see if it makes a difference in the quality of the discussions on [/r/cryptocurrency](https://www.reddit.com/r/cryptocurrency), + +Concerns: + +My biggest concern is that there may be people who depend on the money they earn here, not all redditers are first world. This would not effect them, they could just ignore the demonetized posts + +Notes: + +Original draft and discussion: [https://redd.it/px4apt](https://redd.it/px4apt) + +[View Poll](https://www.reddit.com/poll/rmwg5n) +Regret is an inevitable state of mind in crypto at one point or another:- + +- why didn't I buy that coin when it was $0.50? +- why did I sell this coin early? +- why didn't I take profits on the way up, only to see the value fall 50% in a market crash? (a lot of us in the last crash!) +- why didn't I buy the dip? +- why did I FOMO and buy at the ATH and now I'm holding an unrealised loss? +- why didn't I buy more of this coin? + +We're all going to make "mistakes" that lead to a feeling of regret and self-admonishment. + +I have a couple of strategies here to help me dampen the feeling of regret. + +**1.** I have to realise that regret is largely based on a "maximalist"/perfectionist mindset, which is both unrealistic and unhealthy. We are attached to the notion of maximising profits. But what would that involve? It would involve being the perfect, machine-like investor. Always buying low, selling at an ATH, taking profits at the perfect time. It's an impossible standard to live up to. + +If I make a profit, I compare my profits to the stock market. If you do THAT, realise you're likely "killing it" even with a "modest" 100% gain (it's ridiculous even to put "modest" here). If you can make a 10% gain a YEAR in the stock market, that's considered a success. + +Also realise that the maximalist attitude is largely shaped around only hearing one side of the story of other people's trades. People boast when they're winning, and they're quiet when they're losing. Therefore, you can start to think that everyone's doing incredibly well. + +**2.** I can only compare myself to the other me who didn't get into cryptos at all. That's your baseline to compare to. There really is no other baseline. It's damaging and outright delusional to compare yourself to the "perfect you" that always bought at the exact bottom and sold at the exact top. That you does not exist. It's a damaging fantasy that always leads to you beating yourself up about not making the most optimal decision at each and every turn. Cryptos can quickly lose its fun if you think along those lines. + +Are you in profit (as in cashed out your initial investment + profits in fiat)? Then you're winning - you're doing better than the other you that didn't bother with cryptos. Congratulations. You should extinguish any regret, and actually feel contentment at your achievement. Forget the "what ifs?" - you made a decision that has made you better off financially and you've learned a fair amount along the way. + +Are you holding an unrealised loss? Then know that it's unrealised and while that can be stressful, you're doing well to hold on and you can be proud that you haven't sold yet. It won't fix the regret so easily, but you have the hope your unrealised loss can turn into a realised profit. + +Are you actually making a realised loss in cryptos? Of course, this is the hardest situation of all. All you can do is see it as a lesson you paid for. Nothing is without value, and you will have learned something along the way. You gave something a try, and financially it didn't work out. You may not be out of the game, so you could be in profit in a few days or weeks' time. Or maybe you've just had enough. Fair play. Know that you're actually in a big group of people. Lots of people have faced your situation and come out the other side OK. I lost a fair amount of money in Forex a few years ago. I felt crap for a while, then I stopped feeling crap. Luckily, life moves on. Actually, without that experience with Forex, I doubt I would have found any interest in cryptos - and I have profited from cryptos much more than my Forex losses - so there is that. Plus, cryptos are a LOT more fun than Forex. + +I know that everything above is purely based on financial regret, and the counterargument is that "there's more to cryptos than just making a profit" - but when it comes to regret, it's almost always about money. +https://www.cnbc.com/2020/03/22/stock-market-futures-open-to-close-news.html + +U.S. stock futures opened sharply lower on Sunday night as Wall Street waits on Washington to agree to an economic stimulus and rescue plan to combat the giant economic blow from the coronavirus outbreak. + +Dow Jones Industrial Average futures fell more than 900 points, or 5%, to hit their “limit down” level. S&P 500 and Nasdaq 100 futures were also down around 5%. Downside limits to futures contracts are implemented to ensure orderly market behavior. + +Futures could be highly volatile as headlines come out of a coronavirus task force news conference Sunday evening and as traders await news on a stimulus bill agreement (or lack of one). + +Treasury Secretary Steven Mnuchin said Sunday that financing programs to stimulate the economy could be worth $4 trillion, noting these efforts will include coordination with the Federal Reserve to provide businesses with necessary liquidity. + +“When this started, this was a bit unique to the airline industry since we had shut down most of airline travel,” Mnuchin said. “This liquidity facility is a broad-based liquidity facility working with the Fed.” + +National Economic Council Director Larry Kudlow also said Saturday an economic stimulus package will total more than $2 trillion, noting it will be equal to roughly 10% of U.S. economic output. Last week, President Donald Trump signed a $100 billion bill that expanded paid leave in the U.S. + +However, House Speaker Nancy Pelosi, D-Calif., signaled she is not on board with the Republican-version of the stimulus plan, saying: “From my standpoint, we’re apart.” Senate Majority Leader Mitch McConnell moved a procedural vote related to the stimulus package to 6 p.m. from 3 p.m. + +David Kostin, chief U.S. equity strategist at Goldman Sachs, said the difference between a fast or a prolonged recovery in the stock market will come down to three factors: How quickly the virus is contained, whether businesses will have ” access to enough capital and liquidity to last the 90 to 180 days,” and whether fiscal stimulus can stabilize growth forecasts. + +“If short-term shutdowns lead to business defaults, closures, and permanent layoffs, the damage to corporate earnings growth could persist well after the virus is contained,” Kostin said in a note. + +Wall Street has been clamoring for fiscal economic relief as the number of coronavirus keep surging. The number of confirmed global cases surpassed 300,000 over the weekend as deaths now total over 13,000, according to data from Johns Hopkins University. + +In the U.S., more than 30,000 cases have now been confirmed. New York Gov. Andrew Cuomo said Sunday cases in the state soared to 15,168 over the weekend. That’s more than in France or South Korea. + +The outbreak has led the New York Stock Exchange to close its trading floor and temporarily move to all-electronic trading beginning Monday. NYSE expects trading to proceed as normal. + +“Things will get worse before they get better and the markets will continue to reflect that reality,” said Marc Chaikin, CEO of Chaikin Analytics, in a note. “This means that a bottoming process will take more time and probably inflict more damage to equities.” + +Stocks suffered their biggest one-week decline since the financial crisis in 2008, with the S&P 500 dropping more than 13%. Those losses put the broad market average more than 32% below its record set on Feb. 19. + +Last week ended with all 11 S&P 500 sectors closing more than 20% below their respective 52-week highs. The S&P 500 was also on pace for its worst monthly performance since 1940. + +Expectations for the U.S. economy have also quickly deteriorated. Economists at Goldman Sachs wrote Friday they expect a 24% contraction for the second quarter after a 6% drop in the first quarter. + +“Suffice to say that the economy entered a unique, sudden-stop recession in March,” wrote Prajakta Bhide, strategist at MRB Partners. “If there is no concrete evidence of meaningful progress toward controlling the epidemic in the next eight weeks, there will be no basis for people and businesses to feel safe to begin to normalize economic activity.” + +Investors have also been rattled by a sharp decline in crude prices. West Texas Intermediate futures fell 29.3% last week, their biggest weekly fall since January 1991. U.S. crude is also more than 66% below its most-recent 52-week high. +If your reading this you are obviously not in a state of poverty. Unless you are a homeless dude stealing WiFi from some douche that doesn't know how to secure his internet connection. Lets face it, there are a lot of unemployed Americans right now. If you are not aware of that or you don't belive me you can [take a look at this link](http://www.wolframalpha.com/input/?i=unemployment+rate+united+states+2006+to+2011) as soon as you are done charging your hover board; that you purchased in Centari V because, obviously, you have not been in in the office recently. And by office I mean the planet Earth. + +Those stats are completely wrong according to every super hero analyst dip-shit I have heard on TV and the internet the past year. The argument is that the unemployment rate is padded by the U.S. government and that the rate is actually a lot higher than reported due to the government only counting the individuals that have applied for unemployment. That sounded completely irresponsible in my opinion (even for government paper pushers) so I looked into it... they are wrong. One fucking google search and a spelling correction I learned that the U.S. Bureau of Labor Statistics, Division of Labor Force Statistics conducts a survey by taking a sample of households from around the country and litterally meets citizens face-to-face to ask them a series of questions concerning their emplyment status. It's a pretty accurate system. You can read about it here: [PDF www.bls.gov](http://www.bls.gov/cps/cps_htgm.pdf) + +If those stats are wrong due to padding or "juking" someone will eventually blow the shit-whistle at the U.S. Bureau of Labor Statistics. However, I doubt that will happen. The exact unemployment rate is impossible to calculate because you talking about human beings. In my opinion the stats are exceptionally accurate and the absolute best we are going to see based on the technology and resources we have to calculate an equation of that magnitude. + +Just remember when someone says, "hey uhhhhh... I heard the unemployment rate is like ten times higher than what the government tells us cause they don't count people that don't apply for unemployment." You can tell them to shut their dirty-whorish mouths. + +Anyway, thats my opinion. What do you think reddit? +https://www.cnbc.com/2020/05/05/california-ag-cities-sue-uber-and-lyft-over-worker-classification.html +> +> California Attorney General Xavier Becerra is suing Uber and Lyft, alleging the ride sharing companies have misclassified their drivers as contractors. City attorneys from San Francisco, Los Angeles and San Diego have joined Becerra in the lawsuit. +> +> The lawsuit gets to the heart of a recent debate between gig economy companies and California officials. The lawsuit is based on a California law that went into effect earlier this year, known as Assembly Bill 5 (AB5). Uber, Lyft and other companies opposed the law, which was created as a way to require gig economy companies to classify their drivers as employees, rather than contractors. The companies have said the law strips workers of flexibility in work that they enjoy, while government officials backing the bill say it affords workers key benefits they are otherwise denied as contractors. +> +> “Uber and Lyft claim that properly classifying drivers as employees is incompatible with flexibility. That is a lie,” San Francisco City Attorney Dennis Herrera said in a statement. “There is no legal reason why Uber and Lyft can’t have a vast pool of employees who decide for themselves when and where they work – exactly as drivers do now. These companies simply don’t want to do it.” +> +> The plaintiffs are seeking and injunction on the alleged misclassification and restitution for workers and civil penalties that could amount to hundreds of millions of dollars, according to the lawsuit. +[Bloomberg article](https://www.bloomberg.com//news/articles/2019-01-16/u-s-home-sales-plunged-in-december-price-growth-at-6-year-low?srnd=markets-vp) + +tl;dr - The median home price rose to $289,800 in December, a gain of 1.2 percent, the slowest monthly pace since March 2012. Sales dropped by almost 11 percent, the biggest decline for any month since 2016. The big question the report doesn’t answer is whether a recent drop in mortgage rates will fuel a rebound in sales. +What do you trade? (FX, stocks, bonds, options, etc.) + +What is a normal day like? + +What type of margin do you make? + +What is your investment principle? + +Salary/benefits/profit sharing/etc? + +Lessons learned through experience? + +Education background? + +How long have you been doing this for? +Why do some companies go through the trouble of issuing bonds when they can just get loans from banks? What is the benefit of issuing bonds vs. borrowing from bank? Can you get lower rates from bond issues? I know CFO's will try to target their interest rate to optimize them at a certain level for tax shielding purposes - does this have anything to do with it? +Is there any advantage to buying a Bitcoin etf over buying Bitcoin itself? I can’t see why buying a Bitcoin etf over Bitcoin itself would be a better move? Is there any thing I’m missing in this assessment? +Nothing is more condescending and unhelpful than to be told that your financial woes are due to your poor money management skills. This is the poverty finance subreddit.. you’d think of all the places for people to understand that it would be here. Bad luck happens! + +Regarding my previous post, many people told me that an inheritance would not help me because I’m likely struggling due to my own mistakes. That’s simply not the case. + +I make enough to put away about $1000 each month because I live below my means, but due to circumstances entirely out of my control about a year ago I had some major expenses that set me back thousands of dollars. Think medical, car troubles, vet costs, etc. All surprise freak incidents that happened in succession and completely ruined me. + +Some of us just need a hard reset. Sometimes budgeting and getting a slightly better job is not enough. Sometimes once you fall it’s just not possible to get back up. We’ve all read stories of people being bled dry by medical expenses especially, completely unable to recover for the rest of their lives. It happens. + +Stop pointing the finger and have some sympathy for one another. +**(In case Kraken is paying attention, the ticket number is: 2057654)** + +I've had a Kraken account for over 3 years now. I have done millions in transactions and have withdrawn hundreds of thousands of dollars over the course of these 3 years without problem. I verified my account up all the tiers, and the bitcoin I received was from legitimate business dealings back in 2011-2012 when bitcoin was worth much much less. + +&#x200B; + +So last week I went to withdraw $200k in cash. Kraken contacted me telling me I need to send them additional tax returns from my business, which I did as proof of funds. Of course since the money was earned 8 years ago, none of this would actually show a proof of funds. (also note I have withdrawn over $700,000 from kraken in the past) + +&#x200B; + +Two days ago Kraken emailed me telling me that they are closing my account and can't say why. They then told me that I have to withdraw the 4 BTC I have in the account as well as the $290,000 I have in my account in cash, but that I first need to purchase bitcoin or other cryptos which I can then withdraw. + +&#x200B; + +Kraken is basically forcing me to buy bitcoin or other cryptos with cash I had in my account since 2017. They are giving me 24 hours to do this. + +&#x200B; + +Meanwhile I have no other crypto accounts elsewhere and I don;t want to risk the price of bitcoin dropping between now and whenever I figure out how to sell it elsewhere. Here's the latest email I got as proof: + +>Thank you for contacting Kraken. +> +>Unfortunately, for security purposes, we cannot disclose the reason for this action. We apologize for this inconvenience.  +> +>Please withdraw your current within the next **24 hours** (from the time and date of this message). **Additionally, we are requesting that the funds be converted to cryptocurrency and the balance withdrawn that way.**  +> +>After the 24 hours have passed, your account will be closed. +> +>If you have any questions, please do not hesitate to respond to this message. Thank you. +> +>Best Regards,WarrenKraken Client Engagement Team + +&#x200B; +We apes work, have jobs, maybe not sometimes, but we all know what happens. + +Ape bust ass no get raise. +CEO’s son/daughter acts smart and gets sympathy, poor baby. He get raise. + +Apes DO all work, receive no pay. + +Apes feel me? Ape DO ALL WORK GET NO PAY. + +Meanwhile rich wannabe apes flauntin’ fat stax while driving million dollar cars while GOOD apes r starving. + +Me try to say ape deserve better. GME/MOASS, our chance for change to LOVING empathy and compassion for other apes, real reward treatment right + + +Disclaimer: I’m a college educated dumbass ape with a stress job life + +edit: Thanks for the award(s) and support 🦧. Glad to discuss anything with you all ❤️ +I've seen people who purchase and sell stocks the same day, how do they do that? How do they gather information at such a limited time and still manage to gain profit? +Volkswagen squeezed to $800 with 12% short interest. + +Tesla squeezed to almost $5000 and then did the 5-1 split on 20% short interest. + +We know for a fact that GME is shorted more than 100% because of the 10k filing from March that stated as much. + +The price movement since it was confirmed to have been over 100% shorted since March has been crazy. +That leads to some speculation that short interest must be 500%+ (and that's pretty conservative) + +The recent price movement is to scare off you new guys/ on the fence of wether to get in or not. +I recently capitalized on a windfall that could allow me to pay off my house early, and that's the choice I'm leaning towards. Background: I'm a lower 30's US software engineer in a very LCOL area making about 70-80k/year, and my wife just started making money too, so >100k total. I have been absurdly fortunate at picking assets, namely my house and bitcoin, although my IRA/401k are maxed and doing quite well too. Basically, I mined BTC early (2011-2012) and sold a bit in 2013 for a house down payment. The house needed a bit of work. The area has boomed which has almost doubled the house value as determined from recent nearby sales and some work I put into it. I re-bought into cryptos slowly throughout the last three years, and it's about time to re-balance.. so I sold enough to be able to pay off my house if I end up wanting to. Some numbers: + +Mortgage debt: ($69k @ 2.7%) + +Home value:$180k+-20k + +Retirement accounts: $185k + +Cash: $110k (very recently sodl a bit) + +Cars:Paid off, worth ~$10-15k total + +Crypto: Probably too much still, but I'll stay in very long term, I don't track it with my other investments + +Monthly expenses: $1700/month w/ mortgage +Mortgage: $700/month + +I think I know that investing the cash into the market could provide a better return, but funnily enough I'm not quite convinced to invest in taxable stock market accounts because I think it's ballooning almost as badly as crypto; I'm already fairly heavily invested in both for my own tastes. I also like the idea of paying off the home bank loan because hating banks is one of the reasons I got into crypto in the first place. I'm considering quitting my job soon to work on more fulfilling personal projects full time, and I think not having a mortgage would be a low risk way to balance out my high risk endeavors. My wife wants to continue working and is very supportive of my choices, so we don't have a huge need for liquidity. In fact, we were recently considering putting some of our expanding emergency fund into CDs at lower rates than the mortgage, but again, not fond of banks. I feel a bit overworked/underpaid/unfulfilled in my current position, and since my personal projects are much more interesting to me I think it's time for an unpaid sabbatical (I've been working 7 years, which seems to be standard in the industry). Tell me all of the reasons why paying off the mortgage is the wrong/right decision and some alternatives. I think I'm mostly conflicted because Dave Ramsey recommends paying off a house early, but I know it's possible to make more elsewhere if I continue to get fortunate with allocations. + +For chart people: [net worth](https://imgur.com/krg2ElL) + +You max out a credit card, miss payments on PayPal, a phone bill, car ins, the Amazon card and store card have dumb balances from who knows where, but I didn’t get evicted or utilities shut off 🙄😑 (this isn’t the place to talk about affordable housing). Yes, I tried to get unemployment, and I did qualify, but the process is confusing and my mental health went to shit trying to figure it out alone. + +Thankfully, I found an awesome job and I’ll be making around $2k a month with that income and gig/lesson money (as a musician). I hope to have everything paid off in 2-3 months, but we’ll see. Any tips are welcome! +An encrypted 7zip file possibly related to Julian Assange is hidden in the Bitcoin blockchain. You can get the 7zip file by Splicing PubKHash Seg of all the output script in TX **0ae9d1af2cdd345adf2ca66500fe8155ccb3e9ff5309d2ad6bfa4bf13e67950e**. + +The encrypted 7zip file contains a file which named **JulianAssange.txt**. I tried to crack the 7zip file, but failed. + +https://preview.redd.it/ukh72cw1cc6a1.png?width=874&format=png&auto=webp&s=bb92df377e29bc2f6b45e5a523dacc2a03117d02 + +The 7zip file HEX: + + 00000000 37 7a bc af 27 1c 00 04 81 00 dc ec c0 00 00 00 |7z..'...........| + 00000010 00 00 00 00 7a 00 00 00 00 00 00 00 67 d9 b1 6e |....z.......g..n| + 00000020 cc 7e 85 5e c5 0a ec eb cd cd 27 9e a8 36 5c de |.~.^......'..6\.| + 00000030 15 36 82 34 f8 f2 54 27 a1 e0 ba 1b 2e 90 cd 63 |.6.4..T'.......c| + 00000040 a2 05 66 21 81 73 62 2a 70 0d 43 45 46 2d 5f d4 |..f!.sb*p.CEF-_.| + 00000050 9b 56 45 bd 27 67 76 e7 c6 a1 87 d8 9c 95 8d e5 |.VE.'gv.........| + 00000060 a4 28 fd e2 08 1a e8 5d 19 1c be af 22 53 0c e8 |.(.....]...."S..| + 00000070 53 63 8b 82 89 c3 ed 68 55 3b 78 a1 85 f9 e9 da |Sc.....hU;x.....| + 00000080 a0 94 9b 3b fc 0f f1 6b d3 5b 22 19 08 85 7e ef |...;...k.["...~.| + 00000090 86 4f 07 7b 74 7c 60 d5 5f b8 96 9b 56 38 73 b3 |.O.{t|`._...V8s.| + 000000a0 1a f2 11 e7 da 10 e1 d6 f1 83 c8 c6 39 9f bb b9 |............9...| + 000000b0 0f 6b 22 aa 45 22 08 67 79 fd 3a 46 a4 03 c1 74 |.k".E".gy.:F...t| + 000000c0 01 f1 f5 43 17 0e cc cc 01 21 c7 92 1d cd ab b9 |...C.....!......| + 000000d0 3f 2f b0 b7 4d d3 c5 c7 5f f7 96 1c 3b 07 64 1d |?/..M..._...;.d.| + 000000e0 01 04 06 00 01 09 80 c0 00 07 0b 01 00 02 24 06 |..............$.| + 000000f0 f1 07 01 0a 53 07 57 75 77 b5 0c 2f fd dc 21 21 |....S.Wuw../..!!| + 00000100 01 00 01 00 0c 80 b5 80 d3 00 08 0a 01 f9 4c 70 |..............Lp| + 00000110 15 00 00 05 01 19 06 00 00 00 00 00 00 11 25 00 |..............%.| + 00000120 4a 00 75 00 6c 00 69 00 61 00 6e 00 41 00 73 00 |J.u.l.i.a.n.A.s.| + 00000130 73 00 61 00 6e 00 67 00 65 00 2e 00 74 00 78 00 |s.a.n.g.e...t.x.| + 00000140 74 00 00 00 14 0a 01 00 39 67 2c 8a 20 67 d2 01 |t.......9g,. g..| + 00000150 15 06 01 00 20 00 00 00 00 00 00 00 00 00 00 00 |.... ...........| + 00000160 00 00 00 00 00 00 00 00 a9 ca 3d 08 8a f7 37 d4 |..........=...7.| + 00000170 58 b9 1d db 68 bf cd 70 75 73 9a 30 90 e2 ab 59 |X...h..pus.0...Y| + 00000180 9a 2f 6b 19 a2 ed 4e 03 f8 3b 18 bd 4d 39 97 97 |./k...N..;..M9..| + 00000190 e0 d5 bb 44 5e b2 45 41 a8 a9 21 fb 5d b1 4d e5 |...D^.EA..!.].M.| + 000001a0 47 9b 77 93 b9 f3 c3 2a 0b a0 72 fe 57 12 c6 52 |G.w....*..r.W..R| + 000001b0 22 88 be e4 8e c9 98 bb |".......| + 000001b8 + + +I ordered a google pixel 6 from target (got a discount with my red card), $600 was a big purchase for me, and is a very big deal for me. I received a damaged box from fedex that was completely empty with obvious signs of tampering. It was left on my doorstep, they didnt put a signature requirement on it. + +The target branded tape was cut mangled and torn and it was sealed back up with clear packing tape on the side they tore open. After waiting 5 business days target denied my claim saying the package was delivered properly. Ive entered a claim with the card, but since its a target card I doubt they'll say anything differently. + +Should I file a police report, and possibly take them to small claims court? How would I even begin to file since it wasnt a local store, but the website that I ordered from? + +Edit: FedEx won't let me talk to them, I've tried over the phone and online, they will only deal with target. +Also, yes I've initiated a chargeback and filed a police report. +TLDR: I used this method to DRS **X,XXX Traditional and XXX Roth IRA shares** to ComputerShare. I was able to Vote directly from ComputerShare and received my 4-1 share dividend promptly on 7/21 in ComputerShare in these accounts. This method utilizes a Non-Broker custodian and avoids any potential tax hit. That's right, **No Tax Hit**. There are other methods (LLC and distribution) but I prefer this method for my personal situation. + +**The key takeaway is that I used a custodian to DRS. My shares are not at the custodian now, they are with ComputerShare and Gamestop. They have been withdrawn from the DTC** (see screen shot below). + +GameStop said they appreciate efforts to get ComputerShare to provide IRA accounts, however ComputerShare is not a custodian. + +From the Share Holder meeting June 2, 2022, GameStop addressed one burning question we all have. Why won't ComputerShare offer IRA accounts so we can DRS those shares. The answer was simple "We appreciate the enthusiasm to DRS IRA shares with ComputerShare, but the transfer agent is not a custodian." + +So what I'm hearing is, the effort is appreciated, but we need a custodian to DRS IRA shares. Well here you go! + +**This is not financial advise, just my experience, and I'm zen af rn.** + +**Visual Guide followed by FAQ** + +[IRA AND DTC STOCK WITHDRAWAL](https://preview.redd.it/crejd50odzf91.png?width=771&format=png&auto=webp&s=22bff2649523676607f1dfc3d70cdb749eefe3d2) + +The overall steps are: + +&#x200B; + +1. Choose a non-broker custodian willing to direct register (DRS) your IRA shares, while remaining the financial custodian, and adding you as the registered owner - in the form of: Custodian Trust For Benefit Of "your name" IRA. + +2. I chose to work with Mainstar Trust ([https://mainstartrust.com/Contact](https://mainstartrust.com/Contact)) based on post and recommendations I've found. So far they have been extremely knowledgeable, responsive and helpful throughout this learning process. + +3. Once you've made your selection, based on your DD, **setup a like-in-kind IRA account** with your non-broker custodian. These will be standard new IRA Account forms. like-in-kind means Traditional account for Traditional IRA and Roth account for Roth IRA. + +4. Once the accounts are created, you will **fund them via a standard Transfer request**. The non-broker custodian will supply these and you can fill them out with your broker account information that you are transferring from. You don't need to contact your broker, unless you want to inform them to expect the request from your non-broker custodian. + +5. Once the shares are in your non-broker custodian account, **request via email that they direct register them, for benefit of you, with the transfer agent** \- for Gamestop, that is ComputerShare. They should be familiar with this process. + +6. Request they also scan and **email you the DRS Advise letter** when they have confirmation. + +7. The **DRS Advise letter will contain two pieces of information you need** to create your ComputerShare account for your IRA shares: + +8. **Zip Code** on file (this will be your non-broker custodians zip code on the letter) + +9. **Holder Account Number** (starts with C00 on the letter) + +[Use the Zip Code and Holder Account Number from the DRS Advise Letter](https://preview.redd.it/sdezh8caezf91.png?width=772&format=png&auto=webp&s=6f6f611b149e240c9879a2dcb57b4d4f6ae8f364) + +8. To initiate the ComputerShare account creation process, go to: [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) + +9. Click the **Register Now** link under Login + +https://preview.redd.it/8ylw97kcezf91.png?width=600&format=png&auto=webp&s=5ee565e5bea11677342b4452725bc2c615c7fe4b + +10. Under Confirm your details, choose **Holder Account Number Option on Second Tab** (Don't choose Social Security Number (SSN) option). + +11. Enter your **Holder Account Number and Zip Code on file from the DRS Advise letter.** + +https://preview.redd.it/xfl9meykezf91.png?width=620&format=png&auto=webp&s=fcff1d7faf0fb64f936c2c93d0bc2f9241236c91 + +12. Fill in the rest of the details, stock name, email (**use a different email** if you already have an existing ComputerShare account for non IRA shares), password, and click Register. You will receive a confirmation and a notice that your **Account Verification Code** will me mailed to the address on file. + +13. Contact your non-broker custodian and **ask them to forward you your Account Verification Code** from ComputerShare. Mainstar did this for me in less than a week. + +[Note your Verification Code - and that Mainstar's PO BOX number is 420 - nice](https://preview.redd.it/ykvgm37dpzf91.png?width=638&format=png&auto=webp&s=2d9a37be92686b804483989dc93f29c49947320b) + +14. When you receive the Account Verification Code go back to [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) \- this time choose **Login** + +https://preview.redd.it/0e33lg5fpzf91.png?width=609&format=png&auto=webp&s=9cd7d34d7216f235b0b2ab602d55124c73e76356 + +15. Use the Username and Password you created earlier. + +16. When prompted enter the **5 digit verification code** that was forwarded to you. + +17. Welcome to your IRA ComputerShare Account! **Congrats**, you made it! Now things to do: + +&#x200B; + +1. Update your email preference in your Profile + +2. Manage your investment plan + +3. **VOTE**! - You can vote directly from ComputerShare! + + +https://preview.redd.it/ac3hms5ipzf91.png?width=1166&format=png&auto=webp&s=1b7180f10e4a451cdd1d5ce608006e330fda6b2b + +**IRA DRS FAQ:** + +Q: How long does the overall process take? + +A: 10-20 business days. Things will go much faster if you contact Mainstar in advance and ask them to DRS the shares as soon as they get them, and to scan and email you the DRS Advice letter plus the ComputerShare verification code you will need to activate your account. Follow up with them, they are very helpful. + +Q: How much does it cost? + +A: Mainstar is $110/per account/per year. So if you had a Roth an Traditional loaded with GME it would be a total of $220 per year. Complete info on fees ([https://mainstartrust.com/Portals/0/adam/DocusignForms/VK1rKbuoYEOqpIOY\_EdUkg/File/20220307095230-Fee%20Disclosure.pdf](https://mainstartrust.com/Portals/0/adam/DocusignForms/VK1rKbuoYEOqpIOY_EdUkg/File/20220307095230-Fee%20Disclosure.pdf)) + +Q: Why do I need to use a separate email if I already have a ComputerShare Account? + +A: You do not want IRA shares mixing with non retirement shares. That could be a distribution, I'm also not sure ComputerShare would even let you and that could delay your whole process. + +Q: Can I sell directly from ComputerShare? + +A: No you need to use Mainstars online system (Trust Reporter, you can setup after accounts are created) or call or email. They are still the financial custodian and need process the sale. + +Q: How long does it take to sell? + +A: It takes 3-5 days to transfer back to Mainstar. You could do this tax free in advance when ready to sell. From there you can make immediate market orders or limit orders. + +Q: What happens to my funds after I sell, do they go back into my IRA? + +A: Yes, money goes back into your IRA at Mainstar, maintaining its tax free or tax differed status. + +Q: Can I vote directly from ComputerShare? + +A: Yes you can vote directly in ComputerShare, Mainstar also forwards you any documents they receive. + +Q: Why Mainstar Trust? + +A: [u/winebutch](https://www.reddit.com/u/winebutch/) posted about their successful experience months ago. I decided to pull the trigger myself. Since then I've heard nothing but good experience from other apes that have followed this guide. Mainstar reps are extremely helpful and familiar with the IRA DRS process, especially for GME! They do not use Apex and when I asked Dr Trimbath on Twitter about IRA DRS she recommended to try a NON BROKER custodian and work with small businesses. + +Feel free to ask more questions and I'll research/update the FAQ as I go. The best way to get questions answered is to email/call Mainstar directly. Again, this is not financial advice. In fact, I strongly recommend to interview your own brokers and custodians, consult with your CPA, and consider your situation and what works best for you. My goal is to share my experience and what I have learned based on months of research and push back from brokers. Share knowledge and experience, be kind, be excellent to each other! + +Hope you enjoyed, SHOP, DRS, HODL, LFG! +Can it be that Coin - Base, or the Coin - Base architecture is used to convert crypto for money laundering (washing money). + +A less extreme example (possible) is money laundry for hedge funds and other financial institutions. + +A medium extreme example (possible but not likely) is money laundering for drug trafficking and other illicit activities. + +A pretty extreme example (Likely not possible, due to the groups utilizing other methods) is money laundering for ransonware attacks, such as attacks by the groups Maze, Conti, REvil and Netwalker. + +As other users have mentioned before, there is a connection between crypto currency and the moment of certain stocks. It is possible that Point 72 could be aiding SHF, with the money from naked shorting and other financially illegal activities. + +-----‐---------------------------------------------------------------------------- + +Additional information: + +Point72 has a substantial holding in the company Coin - desk. + +Cathie Wood of Ark is one of the leading investors in Coin - Desk & Grayscale C ry p t o Trust + +ARK's first four ETF funds were seeded with capital from Bill Hwang of Archegos Capital + + + +---------------------------------------------------------------------------------- + +Additional Reddit posts/sources handling similar subjects: + +https://www.reddit.com/r/CryptoCurrency/comments/nfpyp5/btc_followed_wyckoffs_distribution_model_to_the_t/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +https://www.reddit.com/r/Superstonk/comments/mu2l9y/hedge_funds_might_be_using_crypto_btc_as_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +https://www.reddit.com/r/Superstonk/comments/oqxkfn/someone_talk_about_steve_cohen_and_point_72s/ +By now, we've all heard about the crypto.com hack. About 12 hours ago, they tweeted that a "small number of users" reported suspicious activity on their accounts and that they would disable withdrawals for a bit, just to be safe. Just ten minutes ago, they tweeted "Update: Withdrawal services have been restored. All funds are safe." + +I personally have never used crypto.com specifically and therefore have no money on there. But honestly, if this had happened to one of the exchanges I use (I won't say which because it's not about that, but I use two of the big ones and have a relevant amount of money for me on each of them) I wouldn't have been worried at all. Big exchanges have insurance, have most of their funds in cold wallets, and especially a very public exchange like crypto.com couldn't afford the PR disaster of not refunding their customers if it was even remotely their own fault. + +I've seen a few posts and many comments saying that this proves you should never trust an exchange with cour crypto. But looking at how they reacted - immediately disabling withdrawals, communicating openly etc. - and considering they **have** to react this way to avoid a PR disaster - I think if this shows anything, it's rather the opposite: if you have a good password and 2FA, most likely it's totally fine to leave your coins and tokens on one of the big, trustworthy exchanges. + +I'm not saying you should not use your own wallet, for many people that's the better solution. But especially if you're new, you're much more likely to send your coins to nirvana or to lose your private keys than you are to lose your funds if you leave them on the exchange. + +I'm pretty sure y'all will hate this opinion, but I wanted to get it off my chest. Let the **NOT YOUR KEYS NOT YOUR CRYPTO!!1!** come! +By now, we've all heard about the crypto.com hack. About 12 hours ago, they tweeted that a "small number of users" reported suspicious activity on their accounts and that they would disable withdrawals for a bit, just to be safe. Just ten minutes ago, they tweeted "Update: Withdrawal services have been restored. All funds are safe." + +I personally have never used crypto.com specifically and therefore have no money on there. But honestly, if this had happened to one of the exchanges I use (I won't say which because it's not about that, but I use two of the big ones and have a relevant amount of money for me on each of them) I wouldn't have been worried at all. Big exchanges have insurance, have most of their funds in cold wallets, and especially a very public exchange like crypto.com couldn't afford the PR disaster of not refunding their customers if it was even remotely their own fault. + +I've seen a few posts and many comments saying that this proves you should never trust an exchange with cour crypto. But looking at how they reacted - immediately disabling withdrawals, communicating openly etc. - and considering they **have** to react this way to avoid a PR disaster - I think if this shows anything, it's rather the opposite: if you have a good password and 2FA, most likely it's totally fine to leave your coins and tokens on one of the big, trustworthy exchanges. + +I'm not saying you should not use your own wallet, for many people that's the better solution. But especially if you're new, you're much more likely to send your coins to nirvana or to lose your private keys than you are to lose your funds if you leave them on the exchange. + +I'm pretty sure y'all will hate this opinion, but I wanted to get it off my chest. Let the **NOT YOUR KEYS NOT YOUR CRYPTO!!1!** come! +I (30yrs) recently accepted a new job which will push me into a higher tax bracket. I assume salary sacrificing isn't an option because they never mentioned that as a benefit. +Is it worth making voluntary super contributions and then claiming a tax deduction to decrease the amount of tax I pay? Or would I be better off putting that money into stocks / some other investment? +Hi all, + +Just wondering, is the 6-month fund meant to be held in a bank account? + +For me, that'd mean up to ~24K and it just seems quite...wasteful if that's sitting in a bank account. + +Personally, I feel that if I get to $5,000 then anything after that should probably go into investments. + +It just feels off and I'd like to double check that's all. + +FYI: + +- 34 + +- $10,000 loan + +- $0 CC debt + +- No car + +- $180 rent pw (bills incl) + +- $50 pw on public transport + +- Up to $200 pw on food but can easily reduce that if required (working on reducing it now as most of it is takeaway - and it's a huge waste) + +- Healthy and work in admin +Two weeks ago i was pressed for money for grad loans and inflation which has forced me to spend more money than usual and i began to feel cornered and anxious. Moass seemed forever away and the sinful thought of selling my shares came to mind. Then refreshing DD hit and im reminded of how RC has won the game, even if only 1% of all the DD published is true it takes only 1 to prove naked shorting and transformation of GME into a tech stock. Since then i decided to take out a loan for grad school while continuing to build my GME position. I borrowed extra money for grad school but will contribute some of it to GME as well. I feel totally zen knowing that his tweets are a blatant 🖕 to the system, as a signal that our time is coming. If anyone else feels trapped by life’s situation, just remember our leader is a meme lord that will lead us to the promised land. +With recent concerns about Binance and everyone talking about withdrawing to cold storage/hot wallet - I thought it was important to make sure everyone is aware of the difference between withdrawing in a native chain verse a Binance-wrapped token. + +Binance sneakily encourages all users to withdrawal their crypto into the BNB ecosystem by making transfer fees into the BNB ecosystem cheaper than native chain withdrawals. If you withdrawal your crypto as a BEP2/20 token into cold storage and then Binance as a company fails - you're just as screwed as if you left your money with Binance. Either the value of the tokens fail because they aren't backed or the BNB chain gets halted and you are left with dead tokens. + +If you are trying to get your money out of Binance, pay the extra fee and withdrawal to the native chain. If your money is already a BEP2/20 token and you want to get your crypto out of Binance you need to convert it to the native chain. +Short background: + + +Both in late twenties. + +We owe ~380k on our house. + +My income is 110k, hers is around 60k. + +She wants to start a small business (hair salon) and so far we have about 20k put aside for that purpose. She had planned to obtain a small business loan to finance that endeavor as well. + + +We have only known about this for a day, so our heads are still sort of spinning. It feels very morbid to think about this stuff as our loved one is dying, but he encouraged us to make plans. Our thinking was along these lines: + +~100k towards the purchase of existing business or renovation of new commercial space. + +~200k (or more?) towards our mortgage. + +50k emergency fund. + + +Then hire someone to help us intelligently invest the remainder. The only investments we've made in our lives have been 401k's, and dealing with a lump sum like this is very overwhelming. + + +bonus question: What is the tax obligation on something like that? The person leaving the money to us is very critically ill, but also willing to give it to us as a gift as well. Would that alleviate the tax burden? I know there is a ~14k limit on that, but then also there is some kind of lifetime gift limit? Any additional info would be appreciated. + + +ANSWERING SOME COMMON QUESTIONS: Mortgage is Fixed at 4%. We are not spendy people and would never blow money on silly things. I make 110k and drive a 1998 Civic :P We would much rather set ourselves up in the long term than waste this opportunity. Business is going to happen but have no plans to rush it. +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. +Seriously, there’s too many people that will throw a large amount of money in a coin without researching before just because some tiktoker said that it would pump. I don’t understand why people want to make ~~life~~ wife changing money yet won’t even research what are they investing in. It’s so sad to see a good post on this subreddit of an analysis or explanation and people in the comments only care of when or what to buy a coin. + +I get it, we all want to get rich. But how can you expect to get rich in crypto without doing MINIMUM research. Just stop asking what are some underrated altcoins, and start doing some proper research. + +DYOR, ffs. + +Edit: For those asking, I have a post that will help you to DYOR. [(Beginner’s Guide to Altcoin Research )](https://www.reddit.com/r/CryptoCurrency/comments/q5bgv1/beginners_guide_to_altcoin_research/) +Even if we don’t explicitly choose to be overweight tech, most of our 401k’s are heavily exposed to tech, considering that FANG, Apple & Microsoft make up 25% of the S&P 500. + +The NASDAQ-100 has had a remarkable run since 2003, having had only 1 negative year (2008, -41%) on a total return basis and 2 (2018, -1%) on a nominal basis. + +Everyone’s moving to the cloud, and there are plenty of exciting new technologies on the way (autonomous driving, virtual reality, internet of things, etc. etc.) + +The internet bubble popped in 2000 because it was being driven by a lot of lower quality companies. This time, FANG+ are generating massive profits and Facebook/Apple/Google are trading at 24 to 28 times earnings - high but not extravagant. And it took 6%+ interest rates to pop the bubble back then. + +Many people, myself included, cannot conceivably think of a scenario or black swan event that could sink this industry & produce steep losses like in 2000-2 & 2008. But it‘s precisely times like this when it’s good to get defensive and hedge against downside risk ... yet in consideration of the above, hedging just feels like throwing money away. + +What do you think? Are you hedging your tech exposure? +Hello Future of UltraArmy!! + +**Huge News Dropping This Week!! Riding the recovery to 100x! Bullrun right now! 💯 +[How to Buy Right Now - Click Me!! 🚀](https://cdn.discordapp.com/attachments/844221520778625085/853692414588616774/video0.mp4) +** + +Welcome to **UltraSafe** where **37,000** holders & counting have already understood the Value of UltraSafe. Crypto’s current **Coin of the Future** is looking to be a **dominant** currency with use cases **WorldWide**. Let me be frank, you do not wanna miss out on our **Bull Run**!! + +The **Safest Token on BSC**, UltraSafe is **Fully Rug Proof** with its **Contract Ownership Renounced**. It currently has two audits completed by **Solidity & Certik** with a **3rd** currently in the works. UltraSafe has its **Liquidity Locked for 79 Years**, higher than other tokens on the market. UltraSafe has corrected vulnerabilities that would allow a rug pull still in other “safe” tokens. We are truly, UltraSafe. Developers have been **Fully Doxxed** to proper entities. Full Public Dox down the line. + +UltraSafe provides you with **Passive Income** through its tokenomics. There is an 8% tax that **reflects 4% back to holders** proportionate to what you hold. The other 4% is sent to locked liquidity to **Exponentially Decrease Impact Selling** has on our price. This helps to **prevent Pump & Dumps** & **encourages Whales to hold**. + +Future plans including but not limited to : **dApps, NFTs, UltraWallet, UltraExchange, Merchandise**, More **CEX listings** and more **AMAs. Influencer and Social Media based marketing** is currently being **ramped up**. Billboards, Planes, Times Square advertisements are currently live & about to be everywhere. An **Animated Website v3** is soon done and live. **LLC** near completion. + +**Currently the best token to ride up with the crypto recovery. Come make some money with the UltraSafe community!!** + +Important Links : +[UltraSafe Website](https://ultrasafe.finance/) - +[Coin Market Cap](https://coinmarketcap.com/currencies/ultrasafe/) - +[Solidity](https://solidity.finance/audits/UltraSafe/) - +[Certik](https://www.certik.org/projects/ultrasafe) - +[Discord](https://discord.gg/hy54dHhjvk) - [Twitter](https://mobile.twitter.com/ultrasafebsc) - +[TeleGram](https://t.me/UltraSafeOfficial) - [Reddit](https://www.np.reddit.com/r/Ultrasafe/) - +[BscScan](https://bscscan.com/token/0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a) - +[FaceBook](https://www.facebook.com/groups/503406880704284/) - +[StockTwits](https://stocktwits.com/symbol/ULTRASAFE.X) - +[Most Recent AMA](https://m.twitch.tv/videos/1036054617) - +[irst Live AMA](https://youtu.be/FcyQYBk4wU4) - +[CoinGecko Listing](https://www.coingecko.com/en/coins/ultrasafe) - [DexTools](https://www.dextools.io/app/pancakeswap/pair-explorer/0x48bac97d5e3116626a56704be7399e1cb593a945) +More than 25M USD wagered on their bsc casino platform in under a month! Low volume gem, 11k holders and set for success + +$SLAM is the governance token of the ecosystem of Slam. It is a deflationary token that distributes rewards to its holders and can be used to play games and access tools within the SLAM ecosystem that is already online and being upgraded daily by their dev team. + +The casino stats are insane; + +\-Registered Users: 2.515 +\-Total Bets:1.454.535 +\-Leader player has won more than 30.000 USD so far. +\-More than 25M USD wagered in one month + +Now imagine the cashflow through their ecosystem once they add more games with the upcoming 'Slam Vegas' expansion, set to bring in a game provider (and marketing efforts, as hinted by devs in Telegram) to offer live dealers for Blackjack, Roulette, Poker (with tournaments), and more. The playerbase is projected to increase dramatically especially once the Slam ecosystem is fully online including the marketing side of things. The charting tool should get listed in app stores soon and in Dapp trackers to bring more eyes on the project. + +The most recent example being that SlamCharts was recently built into a major Telegram pricebot utilized by over 800k members. + +Check the website slamtoken.com to get a glimpse of what they are working on and what they have up and running. In 2 weeks there have been more than $20M USD wagered into Slam Casino. + +What’s done? + +✅ DeFi Casino: play.slamtoken.com +✅ Charts Website: slamcharts.com +✅ Swap Platform: slamswap.com +✅ TechRate Audit +✅ CMC and Coingecko Listing +✅ More Than 11.000 Holders +✅ Renounce Ownership Transaction: https://bscscan.com/tx/0xcbae5f376f037e7dcaa68452a96f34958d8efdbd59f39dc4694a18e0ee3f9f87 +✅ 1st Developer AMA: +https://www.youtube.com/watch?v=Qurxua6VDmQQ + +What’s Lies Ahead? + +⏳ SlamVegas Launch (With bj and roulette) +⏳ Charts App +⏳ Exchange Listing +⏳ Bankroll Staking +⏳ Twitch&Youtube&Tiktok Collabs + +Contract: 0xcCe7F9eB881248E04f2975a3Fb3B62631ad9eE37 + +\- use v1 (old) and 11% slippage if purchasing $SLAM on PanCakeSwap Buy it on Pancakeswap V1 👉https://v1exchange.pancakeswap.finance/#/swap? outputCurrency=0xcce7f9eb881248e04f2975a3fb3b62631ad9ee37 + +https://bscscan.com/token/0xcce7f9eb881248e04f2975a3fb3b62631ad9ee37 + +Website: slamtoken.com Telegram: https://t.me/SlamToken + +Discord: https://discord.gg/B9frWsqXsq +Just want to shine some light on what's happening with Bytecoin (BCN), as it is one of the more sophisticated pump and dumps. + +So let me first briefly tell you what happened. Earlier today BCN was trading at around 72 satoshi on both HitBTC and Poloniex, quickly increasing 30% when the news of the Binance listing came along. It opened on Binance at around 300 satoshi and over the past few hours the price has risen to 2320 satoshi on Binance, whereas the current price on HitBTC and Poloniex is at 190 satoshi. To put this into perspective, the circulating supply of BCN is 183,878,867,869 (taken from CMC), whereas the current price on Binance is 0.22$. This puts BCN on a market cap of 40 billion $; right on the third position, between Ethereum and Ripple. + +I've been following it closely and found that withdrawals from HitBTC and Poloniex were not working nor was the BCN webwallet. When checking their blockchain explorer we find that no new blocks have been mined for the past 2 hours. The trading on BCN started at 06:02 UTC and since that time only 46 blocks have been mined, containing a total of 997 transactions. The number of transactions that went through seems very small for a coin that just went up over 32x in a few hours. + +Thus most investors are not actually able to sell their BCN on Binance. The current BCN supply that's on Binance is very low and therefore it's easy to pump up the price, all the way up to 32x it's original price. This still caused a 150%+ surge on exchanges such as HitBTC and Poloniex. + +Not saying that the Bytecoin team is involved, but it seems very shady that their coin got listed at a time that (nearly) no one is able to move the token towards Binance. More importantly I think it's curious that Binance still listed a coin that is (nearly) impossible to move around and thus easy to manipulate. We've seen the same kind of pumps happening on coins that couldn't be moved around, for example Bitcoin Diamond. + +Of course, these things happen in unregulated markets. However I think that Binance should take a stance on this, as these kind of events hurt the reputation of the crypto markets. Especially the regular joe will get burned trading a coin like this. + +Edit: 11.5 hours after the trading started Binance finally came with an announcement regarding the deposit issues ([read here](https://support.binance.com/hc/en-us/articles/360003481632)). We as a community should let them know that this is definitely too late. +I'm a developer and I looked over the Chainlink white paper and documentation, as well as the blog post by Google. Here's a few reasons I would not use Chainlink for my own apps: + +1. The current "mainnet" is not decentralized. there's no way to decentrally assess if an oracle is any good or not. + +2. It took them 2 years to basically build centralized oracles, which is extremely unimpressive (and already exists). I do not have much hope for the future or the competency of their engineers. + +3. The white paper doesn't coherently describe how they plan on making their centralized design decentralized one day. They broadly go over their "decentralized" reputation strategies as if creating sybil resistant decentralized reputation is something of an afterthought, when it's actually an unsolved computer science problem. They've had 2-3 years and 30mil in funding to actually publish technical specifications for this and instead they decided to build trivial centralized oracles. Extremely worrying. It kind of reminds me of IOTA "we'll remove the coordinator later". No you won't. You don't know how. + +4. News outlet and journalists keep reporting on "partnerships" with Google and Swift. But if you actually read the source for the "partnership", it's just a blog post by Google Cloud that promotes their own service (BigQuery) and shows an example about how Chainlink users can use Google Cloud if they want. In no way is Google partnered or planning on using Chainlink themselves. The Chainlink codebase is extremely trivial to rebuild if Google wanted to get into the blockchain oracle space. + +While there's certainly profits to be made by trading Chainlink, I recommend you do not HODL it with the hope that one day developers will adopt it as their source for decentralized oracles. That certainly won't happen. +Is this actually true? Did the Fed fail to see the 2008 recession coming? + +https://www.wsj.com/articles/powells-bet-the-data-is-right-the-market-is-wrong-11545266973?mod=mhp +Quote from [this video](https://youtu.be/yfjgcI8xX3A) at [1:36](https://youtu.be/yfjgcI8xX3A?t=1m36s). + +ICO's will completely revolutionize the world of finance but remember guys, most ICO right now are just cash grabs and scams by the ICO founders to get as much of your money as they can so they can run off with their newly found riches and retire young. + +**Don't fall for it.** About half of these ICO will never produce a product, and the other half will probably make a product that is complete shit and useless. 0.001% will create a successful product, but is that a gamble you're willing to take? + +Keep your money in your pockets. +After seeing someone post about it here, I tried to get in on the arbitrage between EOS ICO and the exchanges. The post was titled something like "It can't be this easy, right?" + +Well folks, as I learned the hard way, no - it can't. I ended up getting in the ICO at period 2 and paying $6 per EOS. Cut losses at $3.7. + +Some lessons from this one and similar experiences that I would like to share with beginner traders: + +* Holding is best. + +* If you heard about it, it's probably too late to capitalize on it. + +* Never buy a coin right after it hits an exchange hoping to sell before the dip. I would recommend waiting 2 weeks - 1 month if you are sure you want to buy it. + +* Don't trade impulsively, choose a target price before you trade and stick with it. +With $VERI tanking and tons of people losing everything they've gained, it amazes me that so few people placed a stop loss order. I don't understand why it's so incredibly under-utilized. + +When you make huge gains (or even small gains, I'm not hating) it's often a great idea to write a stop loss order in order to put a cap on your losses. + +Example for anyone who doesn't understand: + +1. 100 shares of $ZZZ bought at $10/share. +2. Stop loss order placed at $8/share. +3. $ZZZ drops down to $5. +4. Because of the stop loss, your 100 shares sold as soon as the SP was at $8, limiting your losses to only $200 rather than $500. + +You can also cancel your stop loss order and create a new one if the price continues to climb! + +1. 100 shares of $ZZZ bought at $10/share. +2. Stop loss order placed at $8/share. +3. $ZZZ climbs to $13. +4. Cancel stop loss at $8/share, make new one at $11/share. + +This way, if the stock falls to/below $11, you'll still come away with some profit. It's that simple! + +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. +[https://www.google.com/finance/quote/ARKK:NYSEARCA?sa=X&ved=2ahUKEwi9h-Xy-Mv3AhXpIUQIHVotDF4Q3ecFegQIHRAg&comparison=NYSEARCA%3ASPY&window=5Y](https://www.google.com/finance/quote/ARKK:NYSEARCA?sa=X&ved=2ahUKEwi9h-Xy-Mv3AhXpIUQIHVotDF4Q3ecFegQIHRAg&comparison=NYSEARCA%3ASPY&window=5Y) + +SP500 5Y return: 72.12% + +ARKK 5Y return 70.83% +The last time the ticker was this low was over 5 years ago in July 2017 when it hit a low of $33.74. + +There seems to be two camps for INTC, those that are buying on the hopes they can reclaim dominance over AMD, and those that think they are done. +Here are my 2014 mistakes. all this stuff has been talked about here but I thought some of you may enjoy reading this: + +My mistakes: + + +* Let parents convince me to live in an unnecessarily expensive apartment. + + +I got a fairly high paying job straight out of college. My parents (who never had much money) convinced me to sign a 1 year lease at a place that is very expensive in my area ($900/month rent). There are apartments right across the street that are fine and cost $300/month with a roommate. I could have $7800 extra in AFTER TAX money by going with the cheaper place. It was nice to live is an upper scale complex, but nowhere near $7800 nicer. Obviously this will depend on how much value you place on your living situation - but don't underestimate rent. That shit is a money suck and it sucks to be locked in for a full year. + + +* Ate out way too much + + +It's been said a million times on here and it's 100% true. If you eat out regularly you can probably save $50-$100 per week or more by learning to cook. Master a few different bulk crockpot meals if you're crunched for time. You can easily make cheap and nutritious meals that require minimal effort. The only thing stopping you is your own laziness. Seriously though - you'll be healthier, you'll save, and being able to cook is a big bonus with the ladies. + + +* Spent too much at the bars + + +Unfortunately the social pressure to drink excessively when going out didn't end with college for me. People may pressure you to keep up but you gotta learn to tell these people to fuck off. If you're set on getting drunk and going out...find a friend who lives close to popular nightlife areas so you can pregame with your own beer and avoid spending a 500% premium on drinks at the bar. Bring a flask if you have to but try to keep drinks at the bar to a minimum (I do 2 or 3 max). + + +* Didn't sell stuff I no longer use + + +You have likely accumulated a bunch of shit over the course of your life that you no longer use but has value to someone. I recommend keeping anything that has sentimental value to you. However, put anything else on craigslist and sell the shit out of it. I realized that I haven't played guitar in over 5 years and it's unlikely I'll ever play again, so I sold my guitars. I went to my parents' for Xmas and took back with me everything I thought I could sell. Reduced clutter at my parents' house and the craigslist sales will net me enough to max out my Roth IRA. Should have done this long ago! + + +* Impulse bought things + + +My first time bringing home a big paycheck led to me buying a fair amount of unnecessary crap. Don't do this. + +Overall 2014 was a great year for me as I've put myself in a great spot financially but it kills me to know I could have $7800 extra bucks to play with had I lived in the cheaper place + +What were your biggest mistakes? I'd love to know what to avoid 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. +We’ve been looking to dip our toes into the vacation rental market. + +We had an offer accepted a 4 weeks ago for a property we like, but are having trouble negotiating the contract. + +The seller has at least 4 VRBO and AirBnB bookings that are booked in after settlement would occur. They’re all long bookings, some for 2 weeks. The last one isn’t until 4 months after settlement. They also have in the contract we have to honour the bookings and indemnify them against claims if we don’t. + +We weren’t super happy with that clause and neither is our lawyer. Logistically we’re just not sure how we it would work; how would we contact the renters, how would the money be transferred etc… if the bookings are in the sellers account? After 4 weeks we don’t have much clarity on this which makes us concerned, particularly with that contract clause forcing us to honour them. + +We said we would honour the dates and prices, but the seller has to cancel the bookings so the renters can book directly with us. They’re still refusing this and it looks like the reason is they don’t want to lose their superhost/premiere status on the booking platforms by cancelling the bookings. + +I can understand this, but at least in AirBnBs case it’s against their terms of service and existing bookings have to be cancelled. VRBO seems to be a bit more flexible and seems to allow the bookings to remain, but it’s still not clear how money and communication would happen in that case. + +We’re thinking of asking them to cancel the AirBnB booking, but we’ll honour the VRBO ones. However it’s now 4 weeks of contract negotiations and we’re also tempted to just walk away. Our lawyer takes the hard line that it’s cancel or nothing, but I’m not really sure. + +Are we being unreasonable here? Do most vacation rental sellers expect to not cancel their bookings after settlement? No one seems to know what to do, but surely this must be a common situation? +I'm just curious with neobanks and online banks available now like UP, 86400, Xinja, ING, ME, etc what keeps people loyal and using the big 4 banks? Is it for specific product offerings, perceived stability, customer service, habit? +[Here's the article.](https://www.bloomberg.com/view/articles/2017-06-05/tackling-the-nastiest-hardest-problem-in-finance) Here's the argument: + +>What makes this such a challenging problem? Consider a couple planning for when they stop working. Sharpe starts his analysis with two protagonists trying to figure out how much money to withdraw from their portfolios annually in retirement. To reach the optimal answer requires considering six interrelated sets of variables. None are especially complex, but combining all of them is another matter. + +>The first unknown confronting retirement planners is built out of standard actuarial tables. The multiplicity of possible mortality outcomes for any given year is simple -- who survives and who doesn't. But the possible combinations during roughly 30 years for two people is surprisingly large. + +>The second dimension comes from the 100,000-plus possible market outcomes for a global bond and stock portfolio each year. Apply all of those possible outcomes back to the mortality scenarios above and you begin to get a sense of the enormous range of potential outcomes. + +>Third, create a matrix for thousands of potential inflation results -- this determines the purchasing power of a retiree’s income. It’s not overstating it to call this a proxy for financial flexibility, security and even quality of life for a couple living off of their investments. + +>The next matrix is tied to inflation, and it is the 100,000-plus possible market returns that Treasury Inflation Protected Securities, or Tips, will pay -- a combination of the twice-annual interest payments, plus the adjusted principal at maturity. + +>A fifth matrix is all the incomes the couple will receive, including Social Security, insurance and any employment. Then take into account whatever they withdraw from their portfolio. + +>The final variable may be the most subjective and difficult to assess: the utility of income in each subsequent year. + +>Each of these six factors has an enormous range of potential outcomes; each single factor outcome must be considered in light of every other matrix outcome. The results are a vast range of choices. Selecting the proper one is as challenging as it is important. + +>Sharpe has created what he calls the retirement-income scenario matrix project. He has published all of his materials, programs, findings and the underlying data at his Stanford University website, and made them available free of charge. His hopes that a graduate-level course in financial engineering will build upon his work. + +>Comprehending the range of possible future scenarios from any retirement income strategy is difficult; choosing the proper strategy seems to be an almost impossible task. Sharpe said he hopes “this material will help will make it easier for financial advisers to help investors make better choices among the many possible alternative approaches for the provision of future income.” + +Here's his data-rich [Retirement Income Scenario Matrices website](http://web.stanford.edu/~wfsharpe/RISMAT/). + +I'm not an economist or financial planner, but it seems like this research could lead to improvements in FIRE planning. Thoughts? +I read a lot of stories on this subreddit about negotiating salaries and getting 20%+ when hopping companies/having multiple offers. + +I feel like my case is a little different where I've been a contractor for a few years and finally had a position open up that I was able to fill. I feel they offered me a fair wage (20K more a year +401k match, benefits etc.) and it's a higher salary than the median for this job title in the area. + +I applied for other jobs as well but for my time scale none got back to me by the time I received this offer, if I'd had multiple offers perhaps I may have more leverage to negotiate. + +I am grateful I finally have stable employment in my field and can provide for my family, it's a big relief to me after being in limbo for so long. + +And pay for my classes (community college) by picket via my dad. I told her it’s not fair and it’s my money not hers to use, and if we’re paying out of pocket I should be the one saving it for later use, not for her to use. +Edit: SHE DIDNT EVEN START TO PAY BACK HER LOANS +And her logic is because my tuition is cheaper, since it is community college.... + + + + +Update: thank you so much to everyone who only made it clear that me saying no to her is the right choice. To make a long story very short, I was originally going to attend the state university but I would be burdened with loans and I thought it would be bad for my mental health and would probably isolate myself. Then things with my dad burned down and I moved in with my mom and she gave me the idea to try the community college so I could be home with her even thought she drives me insane. With my dad I got a horrible financial aid package with the state university and was severely stressed out over it. My dad makes an upper middle class income and it was just me in the house. Unfortunately, he is extremely financially irresponsible and is burdened with loans. He is also abusive as well, so I left as soon as I could. Despite my mom having undiagnosed mental health problems and having barely any income (12,000 yearly). Because of this post I am going to go to the state college after all and will be using my moms info, and even though I won’t be going for free anymore, I believe it is worth whatever to leave the toxicity. Thank you so much everyone. +**Big Money vs Retail.** + +I guess we all are pretty frustrated to have learned, how Big Money is bullying retail in the markets. But this is nothing new and not just limited to GME or the stock markets. Even when it comes to currencies, retail traders usually do not stand a chance. Ever heard of the IG CLIENT SENTIMENT INDICATOR? + +[https://www.ig.com/us/trading-strategies/how-to-use-ig-client-sentiment-190411](https://www.ig.com/us/trading-strategies/how-to-use-ig-client-sentiment-190411) +[https://community.ig.com/blogs/entry/770-sentiment-indicators-using-ig-client-sentiment](https://community.ig.com/blogs/entry/770-sentiment-indicators-using-ig-client-sentiment) + +So yes, retail gets self-reported data, while Big Money has real time sentiment data at their disposal. When I first heard of that indicator a few years ago, the web was actually full of “institutional investors often position themselves opposite to retail” as reasoning for using this indicator. Seems that such statements can no longer be found openly nowadays, but I think the graphs speak for themselves. + +And even PFOF is actually pretty old school stuff (excellent article, deserves a read) +[https://www.lendacademy.com/payment-for-order-flow-bernie-madoffs-golden-goose](https://www.lendacademy.com/payment-for-order-flow-bernie-madoffs-golden-goose) + +&#x200B; + +**Some Pump and Dump in practice.** + +I think by now, most of us have seen more than enough Pump and Dump in the markets lately. GME price still seems to be fully manipulated by the market makers and Big Money. But other shares share the same faith. + +KOSS had good news about the Apple lawsuit, spike from 15 to 24 – back to 16. Movie stock sudden popcorn news or the alleged BBBY buyback, article was published on November 1st already. + +[https://www.benzinga.com/news/21/11/23799305/why-bed-bath-beyonds-stock-could-slam-short-sellers-yet-again](https://www.benzinga.com/news/21/11/23799305/why-bed-bath-beyonds-stock-could-slam-short-sellers-yet-again) + +But what many might not have noticed is, that even the latest crypto RIP was orchestrated nicely in advance: + +[https://finance.yahoo.com/news/bitcoin-drops-investors-buy-22k-134120409.html](https://finance.yahoo.com/news/bitcoin-drops-investors-buy-22k-134120409.html) + +Yes... right before the RIP, they lured in retail short sellers, who thought it will be a safe bet to short crypto, that was dropping from its heights for 3 months already - from 63k to 30k. And then they blamed the RIP on institutional short sellers getting squozen, while in reality Big Money squoze mostly retail investors. + +&#x200B; + +**The Real Deal: PFOF and Price manipulation.** + +So, we have learned, that Big Money loves to bet against retail and loves to play Pump and Dump games. Now we see daily in GME, how much control they have over price. And we have seen those really interesting cost bases, when transferring shares from PFOF brokers. + +We have also seen all the discussion about PFOF, mostly directed at dangers of gamification or how price discovery is hurt, assuming we talk about fractions of a penny... + +But those cost basis glitches could also indicate something much bigger... let's call it the Madoff-Principle: “Trust me, bro!”. + +Since we know, that Big Money is in full control of the price and since we know, that retail cost basis got screwed and since we also know, how much institutions love to bet against retail, the suspicion of PFOF brokers not even buying all shares makes so much more sense. + +Because (remember the IG sentiment) the REAL profit would not be in the alleged PFOF “scalping” by Market Makers, but would be in betting against your own customers. We are not talking about the obvious fractions of a penny, but sometimes even massive gains by full price control through MM and Internalizers. That way all involved Hyenas get their fair share of the poor and unsuspecting retail sheep. + + + +**Implications for retail and DRS** + +With all the self-reporting and slow regulators, I am not sure, if we can find more indications for PFOF brokers actually not buying all shares retail ordered besides the cost basis. I am not working in the financial industry and just trying to put the pieces together here. Because we have seen time after time, that all what counts seems to be maximizing profits, not playing by the rules. If someone of you has additional evidence, please feel free to share. I think this is crucial - hope someone like u/dlauer might have some additional ideas. + +**This discussion is not just important, because it would likely concern highly illegal practices, but mostly because of its implication for retail investors with funds/shares stuck in PFOF brokers and DRS.** Because if most shares would actually have never been bought, they might have to re-evaluate their situation. + +**First, if no shares have been bought, you selling would have actually no effect on FTD resets.** **But buying via CS or IEX and DRS afterwards would not just create actual buy pressure, but also remove certificates from Cede and Co.** + +**Second, if your PFOF broker has still not bought your GME shares, question is, how they will perform in case of MOASS.** Robin Hood chose law suit over their own demise – how do we know other PFOF brokers/Apps will not do the same? + +Third, there is likely a massive amount of retail money in eToro and other similar apps. Now, any time somebody posts something even slightly critical, there is immediately a massive outcry. To me that is sus as hell, maybe those companies are as active in social media intelligence, as are Kenny and Co. Btw. do you remember, if the voting links were with the official registrar or eToro “internally” and differed from the official links from Fidelity and others? + +[https://www.etoro.com/news-and-analysis/investing/etoro-gme-voting-pilot](https://www.etoro.com/news-and-analysis/investing/etoro-gme-voting-pilot) + +**TLDR:** I really think it would make sense to investigate deeper into this issue, because personally I think the most important detail for many retail investors, after experiencing price manipulation on a daily base, is securing their assets. Because if there would not even be a negative effect, in case no or only a fraction of shares was ever bought, it could make sense for many to liquidate their positions in PFOF brokers/apps stack per stack. If they have some free funds it could make sense to first buy at CS or DRS and IEX capable broker before selling, rinse and repeat (keep potential settling time in mind) until all shares are safe. + +With options, we have been discussing, when they could make sense and gave retail a new perspective for their individual decisions. **Lets brainstorm, if a new perspective regarding this topic is justified. DRS or potential FTD reset, what has likely more impact ? How would a wave of IEX re-buy orders impact MM price control mechanics, when there is so small volume right now?** + +I am not working in financial industry and this is no financial advice, just a personal opinion. +My pension is worth about $175k now based on my company's calculations and some independent annuity calculators. I do include it in my NW calculations at about a 50% discount, but I'm still worried the money might not be there in the future. + +I know the government passed MAP-21, which essentially allowed companies to defer pension contributions and now our pension is much less funded than it had been. What other ways could I get screwed out of my pension? + +Also, under what circumstances are companies likely to offer pension lump sum payouts? This is not an inherent option of my pension, but I've heard of this happening to other pensions in the past. + + +Please use this thread to discuss how amazingly cheap you are. How do you keep your costs low? How do become frugal without taking it to the extremes of frupidity? What costs have you realized could be cut from your life without pain? Use this weekly post to discuss Frugality in general. While the Rules for posting questions on the basics of personal finance/investing topics are more relaxed here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Arkk is at a new 6-month low, and arkg, arkf are at 1yr lows. Arkw is at a 3month low. Many of the bigger cap names down the most today are all big holdings of hers: tdoc, twtr, Zm, twlo, rblx… the list goes on and on. Her holdings are down much more than the overall market, and much more than the Nasdaq. Is this the start of a Cathie Wood death spiral (where outflows in her funds lead to her holdings getting pounded, which leads to poor performance, which leads to further outflows.) Interested in hearing opinions… +So I’m out of town as my grandmother is in the hospital and very ill. This morning I got my informed delivery update and see there is a certified letter from the IRS in my mail at home. + +I’m freaking out and have started having panic attacks quite honestly. + +I’m 25 and the IRS scares me to no end. + +I called and set up a payment plan last November for my 2018 balance and haven’t missed a payment since they started last December. + +I had a 1040 loss in 2019 from a business that failed that year so I didn’t file and then didn’t need to file for 2020 because I had very little income. + +So this must be about 2018 and my payment plan, right? + +On 8/16 I got a warning letter in the mail from them saying I missed a payment. I know that Isn’t true (I have all the bank records and confirmation emails). + +I made my payment as scheduled in August. + +Does anyone know what this certified letter could be about? + +The only thing I can think of is that I had set up a brand new checking account for them to withdraw the payments from when the plan started but they never did so I made the payments manually each month and closed that account. +It's been quite interesting to follow these two coins, as they were both started by Ethereum founders, and both seek to solve problems those founders had with ETH 1.0. + +Polkadot has been rolling out new features and recently Acala has won a parachain slot. Its price has been inching closer and closer to $40 though I suspect it there will be quite a selloff at that point. + +Meanwhile, ADA has been holding steady at around $1.20 for the entire month of March. A re-accumulation phase, perhaps? They are promising smart contracts soon, however. + +Disclaimer: I don't think Crypto is a zero-sum game. There's room for every coin to be a winner. I also don't think either of these coins are Ethereum killers, that's just shill talk. It's just an exciting time to watch both DOT and ADA try to position themselves while ETH 2.0 is not too far off. +Remember when Roman Mandeleil exited the scene shortly after raising millions with his ICO for the Hacker Gold token? [https://www.reddit.com/r/ethereum/comments/6c23ua/is\_hack\_ethercamp\_dead/](https://www.reddit.com/r/ethereum/comments/6c23ua/is_hack_ethercamp_dead/) + +It has always been a bit of a mystery as to what exactly happened. Rumours were that he was caught with ill health, though that doesn't really explain the radio silence. Perhaps it would be best to just leave him alone - but perhaps he hasn't really earned that, considering he never bothered to volunteer any kind of explanation or apology over a year after the disappearance. + +My theory is that he decided he had had enough and he simply had made enough money to just bail on everything and everybody that supported him and his project. The ICO finished in December 2016 when ETH was worth less than $10. Imagine how bad he must have felt a few weeks later! + +Really though, don't worry about him so much, he has been having a great time with your money! + +&#x200B; + +https://i.redd.it/w1a5ta60kjx11.jpg + +Cheers Roman! +"I'm scared of this. With current uncle rates continuing to be around 20%, and continuing to greatly differ by miner with lows of ~8% and highs of ~40%, there are significant potential centralization risks if the reward differences between these pools are further exacerbated. Currently, Ethermine and Nanopool differ ~20% in uncle rates (0.7 vs 0.9); with current reward levels this leads to a ~3-5% difference in revenue, but with the proposal this could easily go up to ~15-18%. This could further increase concentration. + +Furthermore, I don't think that we can get many networking improvements in the short term by "incentivizing" them in this way. Networking improvements are very likely a public good best addressed by the client and network level, or possibly in part by creating relay networks or some similar solutions." V Buterin + +Comments from Vitalik and Brian are here +https://github.com/ethereum/EIPs/pull/1295#issuecomment-416324636 + +Looks like Brian and his Cronies mates are now just throwing EIP's with random numbers now...reduction to 2.7 ...give me a break! +https://github.com/ethereum/EIPs/pull/1362 + +Can someone just do an EIP of 1.1 now? + +I know that ETH has the great potential and have many good events coming in May to July (such as RAIDEN, EAA Announcement, and Metropolis). + +However, as long as I know, there is nothing happening today. Anyone know why ETH is flying abruptly? +Hey /Ethtrader! I've been a 100% ETH hodler up until these last few days. I recently took out a grand or so to dump into ANS. It seems like it's a Chinese-centric version of ETH. Similar coin supply (ultimately), smart-contracts, etc... Curious to hear thoughts of folks in here. Thanks! +# UPDATE: It's $3B in Transactions on the GameStop Marketplace powered by IMX. + +&#x200B; + +https://preview.redd.it/nq5cy6owfof81.png?width=597&format=png&auto=webp&s=fbff502866db31179a0a5b0f02fe8d4204b9aa2f + +&#x200B; + +&#x200B; + +I posted a screenshot of the Milestones for GameStop to reach ([https://www.reddit.com/r/Superstonk/comments/sjij8f/looks\_like\_gamestop\_is\_planning\_for\_3b\_in\_primary/](https://www.reddit.com/r/Superstonk/comments/sjij8f/looks_like_gamestop_is_planning_for_3b_in_primary/)) and just read through them more carefully. + +# TLDR: BULLISH AF, GAMESTOP MARKETPLACE WILL DO MUCH MUCH MORE THAN $3B IN TRANSACTIONS PER YEAR. + +**~~Also, please have a read through and correct me if I am wrong here. This is just my current interpretation of the agreement and I could be interpreting the words wrong because I am an engineer and not a lawyer.~~** + +First, read the Proposal Details here: + +[Details of the Proposal](https://preview.redd.it/s93td6j9bnf81.png?width=1896&format=png&auto=webp&s=2f172168c48d5c0fee4ea2bd9e9489258e7a2477) + +" GameStop will be integrating Immutable X’s technology into its NFT marketplace. **In addition, there will be joint business development efforts to grow the developer, artist and gaming studio ecosystem on Immutable X via the GameStop NFT marketplace.** " + +So, there will be development efforts to grow the Immutable X ecosystem: [https://market.x.immutable.com/](https://market.x.immutable.com/) + +Now, read Milestone 4, and 5. + +[Milestone 4 & 5](https://preview.redd.it/k1el0u7hbnf81.png?width=1894&format=png&auto=webp&s=6b6014b0921d2d17f26063a5266ec4777d90bad3) + +**Milestone 4:** Reach a cumulative amount of $1.5 billion in combined Primary Sales and Secondary Market Sales Transactions **ON** Immutable X + +**Milestone 5:** Reach a cumulative amount of $3.0 billion in combined Primary Sales and Secondary Market Sales Transactions **ON** Immutable X + +&#x200B; + +Here is the ecosystem on Immutable X + +[https:\/\/market.x.immutable.com\/](https://preview.redd.it/uw93n8albnf81.png?width=1887&format=png&auto=webp&s=6a406f30fb68fb85ff5faf7d1528173810569b88) + +**~~SO,~~** ~~to me it seems that GameStop is confident they will be able to help grow Immutable X's ecosystem to $3B in customer transactions within the next 2 years.~~ + +~~This does not mention what they expect their own GameStop Marketplace to do in transactions. But if they believe they can grow Immutable X's ecosystem to that I bet they are planning for A LOT more in transactions on their own platform. The $3B in transactions would just be a small chunk of the overall GameStop marketplace pie.~~ + +Again, please read through the terms yourself and feel free to add to the discussion. I may be wrong in my interpretation of this. + +Thanks! + +🦍💜🦍💜🚀 + +Superstonk is a detective collective. The insight comprised of all its members contributions has never been done before in human history. It is far more important and relevant than any centralized gate keeping. +If you think a non gme company setting precedent that directly paves the way for GameStop is not related, then please let us vote on wether it is related to GameStop. +If you think it’s more important to outlaw screenshots with names than to facilitate the spread of traceable information, then let us vote on that too. +Serve by helping our collective will make our rules. Ask us permission before making rules. Also Thanks for doing a job that many of us probably don’t want to do. + +Fellow members, +I believe I have noticed a difference in the overbearing banning of posts by the mods. I suspect most of us agree that upvotes and downvotes should be the 99% only gatekeepers of information. I have seen My posts and many others posts taken down against my preference lately. I’m not about to be a mod but maybe there is a way to govern ourselves. I don’t have the answer but Lets set intention to self govern. + +In a way the end boss is us. To become collectively conscious and liquid always finding eachother speaking truth and justice no matter how many gathering spaces get compromised. I’m excited if superstonk is compromised, that they would be that desperate. I’m excited that we will always find eachother no matter what happens to superstonk because we are already thinking that way. Liquidity is the most powerful force to be harnessed. Members of superstonk are fluid like the water that carved the Grand Canyon. We are the actual liquidity. Financial liquidity is an echo of our blood sweat and tears. The hundreds of trillions of dollars moving around is just sweat From our infinite Resilience, and infinite fluidity. If money is the 4th dimension we are the 741st dimension. DRS forever fellow poop flingers! <3 :D +We have been saving for a house and are finally at 20K. My husband is now dead set on wanting to buy a plot of land and building a shipping container home for us to live in. Idea being we buy the land outright and then take a loan to pay for building the container. My worry is that it wouldn't be an investment like a house would be. + +Does anyone have an experience of the financial investment of this? I suppose if we ever wanted to move to a house we could rent it out as a holiday home, but then we would potentially be starting a mortgage 10 years later than we could have. We would still have to pay off the loan, but it wouldn't be anywhere near a mortgage level. If we did this would it have to be our forever home? +How many of your friends/coworkers/family/acquaintances own crypto? less than 10 people? Out of how many people you know, hundreds?? + +How many of you have bought or traded for anything in REAL life with your crypto? not cashing out but actually spending your crypto? Im guessing almost noone. + +How many companies out there are advertising they are accepting crypto? Less than 1%? + +Of people that have any sort of investments, stocks, retirements, etc, what percentage of THOSE people do you think own crypto? MAYBE 3-4%, and thats generous. + +Outside of random little interesting eye catching headlines about NFT's or cryptokitties or just bitcoin prices how often do you see crypto in mainstream media? Almost never? + +Even when you watch all the financial guru youtubers like Graham Stephan, MeetKevin, or heck even a guy like Ben Shapiro trying to explain bitcoin or blockchain or smart contracts, you can tell they BARELY know what they are talking about, and for the most part know as much as a lot of the noobs here. + +The point is, by almost every metric, crypto is still only adopted by a very very small percentage of the population. Yes, more people have HEARD about it, but hearing about it does not = already invested. + +So even if you feel like a "noob" now, or you might be "late", you couldn't be more wrong. +So the story is, I went through a horrible break up and now I'm in a sticky situation. We have cars loans out in both of our names and I'm not trying to get screwed over on my end of the deal, what're your recommendations to do so that my car isn't jacked and I'm not stuck with hers. +I’m in highschool and I kinda just throw money in penny’s for fun but anybody who does this to try and make some kind of money, I’m not talking abt a livable amount I’m just talking abt any amount, how much do y’all put into a penny stock that you think will get you money? + + +Smart Money makes you money. + +This is not financial advice. DO your own DD. + +Look before I get into it, when I pick stocks I like to see what institutions own them to see if there is smart money in there… eg Cathie wood, Michael Burry. + +The Stock I am talking about is CVS… + +Well, I couldn’t believe my eye balls when I saw the OG GOAT- Dr Michael Burry had 10% of his portfolio in CVS. + +A lot of people ask for DD on stocks that haven’t done 100%+ in the last month. Well this is it and I am about to go down a rabbit hole on this one. Strap in. + +\#1 Covid Vaccines- there is a potential for CVS to open up a section of there locations to administer Covid Vaccines after the increasing pressure on current administers. Meaning money from the government to cover this. Secondly, Have you ever gone to CVS and just picked up your meds? I sure haven’t. I leave with that much Sh!t I didn’t need its not funny. SO imagine more foot traffic and more random impulse purchases. Like “Oh wow, my wife’s boyfriend could use these 10 packs of Gatorades and vibrating Cuck Ring”. So, increase in sales + +\#2- Fundamentals- skip this is if you don’t believe in the F word. + +· According to a number of research houses it is trading roughly at a 50% discount to it’s fair value + +· PE Ratio is 11.9X which is lower than the industry average of 19x and Market 25x + +· Future earnings estimated to grow at 9% on current conditions + +· Long term Assets $173.68 B vs $101.74B Liabilities + +· \*Concern over short term assets $59B vs Short term Liabilities $62B + +· Debt has been reducing since 2019 (not bad during a pandemic) + +· Interest payments on debt well covered by EBIT (6.4x) + +· Dividend pay out that has been stable and Is well covered by earnings + +\#3 New CEO Karen Lynch- I am not going to put her whole credentials in but it is quite impressive. There are many indications that she wants to revamp to the traditional offering- with the likes of delivery services and further unique ‘in house’ offerings. + +\#4 Institutional Ownership + +· Vanguard $6.4 B (8%) + +· BlackRock $5.6 B (7%) + +· State Street $3.4B (4%) + +· Capital Research $2.8 B (3.5%) + +· Morgan Stanley $1.5B (1.8%) + +\#5 Bureau of Healthcare working on their side + +Amazon’s disruption is still quite some time away as- it will still require doctors to designate it, and patients to request it, when writing prescriptions. At some practices, switching prescriptions from one pharmacy to another has to be done during an office visit -- and many patients are avoiding those for now. + +\#6 More than a Pharmacy + +· Aetna – Health Insurance plans + +· Minute Clinic- providing access to doctors within or close to their stores + +· CVS intend to add dietitians and yoga to their locations along the lines of their healthhub + +· Potential Vaccine Adminsting stations. + +Earnings are expected on the 16th of this month. It’s not looking like they are going to shoot the lights out but this has been factored in. + +TLDR + +· High Ownership from mutual Funds + +· 10% of Michael Burry’s portfolio + +· Potential to be the location and service to administer the COVID vaccine. + +· In house Doctors to prescribe medication (Amazon still requires visit to the doctor) + +\- A company that is resilient and continues to find a way to keep moving forward + +My Position - 140 shares held (New portfolio after buying my house). + +Edit - mandatory 🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Also, concern over my account age- I have been a lurker for 2 years. Really loved WSB; saw the trash of DD in the last 2 weeks and thought I’d try to begin a change back to the norm, but had to create an account. + +To confirm I’m not a boomer- at the age of 10 I cried during the Pokémon movie when Ash Died. +I booked my local florist for my wedding and put over $600 deposit. Unfortunately the owner recently passed and his son's decided not to continue the business. There owners assistant in the shop told us the sons would be issuing refunds, but now she says they decided not to as it was their fathers business and it wasn't their fault he died. +What can i do to get my money back? +She left it on the roof of her car at a gas station and drove away, we cancelled the card this afternoon, and it's 1130 right now when she checked her account and realized her entire savings account is missing. Customer service is closed for phone calls right now, and we're not sure what to do. Is there any way we can call someone from our bank and get some answers? We bank with UNION bank in California. +Hey Guys, + +&#x200B; + +Im 27, Live in London and I have £4000 saved up. I would like to know what advice anyone here would give to start my investing journey? e.g. Types of account and app i need to have. + +&#x200B; + +Thank you. +I went through the process of applying for a high yield savings account - filled out forms, uploaded a copy of my driver's license, uploaded a utility bill, etc - and they got back to me after a couple days. They said everything looked good but I needed to send them a copy of my social security card. I said "wait, what? I already gave you my SSN and you've run my credit so why do you need to see the card?" + +First guy said it was because we've run out of social security numbers so some people have the same numbers and for that reason they need to see the card. [My face when.](https://i.kym-cdn.com/entries/icons/mobile/000/001/007/WAT.jpg) + +Then he said I could just email a photo of the card to newaccounts@ally.com. I said great, thanks and ended the call. I called back to someone else thinking there's no way this is right. This person confirmed they needed a photo of my SS card and that emailing it to newaccounts@ally.com was my best option. I asked whether this was a secured email address and she said "no, but we're very careful with your data and haven't had any problems". Long story short she said I could send it there, fax it, or send it via USPS. + +I said thanks, left the call and am now planning to cancel my application. Who's the weird one here? Ally Bank or me? + +TL;DR: Ally Bank wants me to email them a copy of my social security card to a general unsecured address. This feels sketchy as hell to me, but is it? +$ATOS dropped a little over 10% yesterday, so SSR has now been invoked. Short selling to manipulate the price will be limited today. The price now sits at $5.68. There are currently 42,605 calls sitting at the $6 strike which expire today, and 66,915 calls for the $7.5 strike. A price increase above $6 will force the coverage of 21.9M shares (with a net increase of 3.4M shares added to what should already be hedged) and a price increase above $7.50 increases that number to 28.6M shares (with a net increase over what should already be hedged of 10.8M). Since it's the final day of trading, extrinsic premiums to buy calls are largely reduced. Now that ATOS is part of the R2K, an estimated 37M of the 120M shares are now locked in place by index funds, so liquidity is very limited. Additionally, short interest has been steadily climbing and is estimated to now be over 30M shares. IF retail holds strong and a whale or two jump in, this could be the gamma storm predicted months ago. Verify these numbers and do your own DD! This is simply to give you an idea of something worth watching. +I am 30 years old and currently live at home. I finished grad school earlier this year and got a federal job at the end of May. I make about $3600 per month and contribute ~$2-3k towards debt. + +As it stands, I have $40,000 left in my student loans with ~$500 minimum payments that I have put on pause since the pandemic began to focus on paying down my credit card debt. I now have $4000 remaining for the cc that I hope to pay off by the end of the month. + +My next plan of action was to build up a $10-15k emergency fund by the end of the year, which I feel is imperative during these uncertain times. Hopefully then I can move out afterwards. + +It has been really nice being able to focus on other priorities while not having to worry about student loan payments. However, I can't help but feel I may be making a mistake by not paying down the principal while there is still 0% interest. + +I guess I'm just looking for feedback on what to prioritize next. Particularly those with student loans that have been able to balance their budgets while still taking advantage of the memorandum. Has COVID made a big difference for you? +Genuinely curious as to how real estate investors who take on loads of leveraged real estate debt (10mm+) survive in harsh market conditions, for example crashing real estate markets, or when interests rates go high? +Saw a coffee trailer for rent for $490 a month in Sydney. Is it worth the uptake? I'm F20 currently studying 1 day a week so I have plenty of free time. Wondering how popular they are since I would think people would prefer to just buy from regular known coffee shops? +I've seen a lot of posts recently about people feeling worthless or like their savings aren't good enough. I've looked at my financial situation a lot since joining the sub. I'm in a lot better place than I was say 12months ago. Got myself a LISA, some stocks and shares, some other savings accounts etc. + +Previously, I used to only be content with about £500-1000 in reserve for emergencies. + +I've felt the same as a lot of people on here like "what's the point" and that reaching a target doesn't give off more joy/happiness. But looking again today I realised past me would've been really appreciative of the £10k I've managed to save so far. + +I'm thankful for this sub with its never ending advice. And thankful that I have saved some money up. It's not perfect and I still look at small spending goals to boost my feelings towards saving but I'm getting better. + +Hopefully next I'll look at my excel budget and get a bit more serious about my spending. + +Thanks all. +To participate in the Algorand governance program, you need to deposit your Algo in one of the supported wallets. + +Binance has conveniently disabled ALGO withdrawals a few days ago by putting it in “maintenance mode”. Up until today it said withdrawals would be re-enabled on 30 september. I just checked again and now it says 15 October. + +Maybe they’re scared of a large Algo outflow? Smells of manipulation. + +Anyway, don’t buy ALGO on Binance, you won’t be able to withdraw to the supported wallets for the governance program. Be warned! + +EDIT: the sign up period for the first period of the governance program is 1-15 Oct so they are definitely trying to screw people over +So I gave my SS# in the application. They ran a credit check and everything came out fine. + +Today they hit me with a question " why was your SS# was issued in 2007?" + +&#x200B; + +I'm partially offended/worried why they asked me this. I rented in 4 different apartment complex, have never been asked this. I have nothing to hide, but I'm trying to find what my SS issue date have anything to do with application process? + +&#x200B; + + Is it something that they actually require or are they perhaps discriminating against me? +I've faced enough emergencies in life that I am a big believer in the emergency fund of 3-6 months expenses minimum. There are so many schools of thought on where to put this money. + +Where do you keep yours? I am using a high yield savings account and a short term CD that gets a little bit more interest than the savings account. Also thinking about I bonds but that would be more of an intermediate term investment since you can't take the money out without losing 3 months of interest in the near term. Would use a cash management account at a brokerage for convenience, but they pay nothing in interest. The pain of inflation is real, but access is so important. +I unfortunately had a close relative pass away, but they were looking out for me and left me $10K. I am curious on the best way to invest this money. I am worried about inflation eating away at it if I keep it in a HYSA, and worried about losing it in a market crash. Is there a good in-between option? + +I am thinking of using the funds for a down payment on an investment property within a few years. Appreciate any perspective! + +Edit: thanks for the advice. For context, I'm 27 with around $24K federal student loan debt, $13K personal student loan debt through my parents. No CC debt. Currently making $85K and contributing to a 401K, HSA and Roth IRA but not maxing. +It's just so irregular. And I'm just skeptical it will last. And the fact that no one sees any obvious weakness that might hurt us scares me even more. Is anyone else worried? +I’m just wondering how everyone around me is able to drive new cars? Literally kids my age 23 or younger are driving nice newer cars? How are they able to afford this and pay for this? + +Me and my brother both are looking to buy cars and we just don’t see how anyone is able to afford it. I have student loans and I’m trying to get a car because I drive an 04 accord with 350k miles and it wont last much longer but can not afford monthly car paymentsZ + +How does everyone drive these cars and able to afford it ? +I work REALLY hard in a high stress environment but am very fortunate to have a high paying job. I’m 34 and currently have a total savings of right around $1M. This includes my investment accounts, personal brokerage, cash managed account, savings and checking accounts. I don’t own a home but I have a few hundred acres of inherited farm land in the Midwest. + +At the end of this year I expect that my net worth will approximately double since I’ve taken on a lot more responsibility with work. + +What I can’t seem to figure out is when I can consider myself as having “enough”. I’d like to be comfortable saying “I’m totally safe financially so I’d like to try completely new and different things now. ” + +I know it’s a hard question because everyone’s spending habits differ and change, some people change jobs rather than stop working etc... My goal is really just to maintain a middle class American lifestyle for the rest of my life without having to work too hard for it anymore. + +I’d like to build a nice house on my land (~$500k) and then spend the rest of my life pursuing personal interests, traveling a few times each year and continuing to expand my education. I live with a partner who I want to be sure I can support also in the same way. We live pretty modestly now...we have a bit of a spending habit on tech and clothes but otherwise nothing crazy....we usually cook our own food, do our own chores, take public transport, fly economy unless it’s a long haul, etc... + +I imagine this is probably more of a conversation than looking for the perfect answer but I’m happy to answer follow up questions. Would really appreciate any thoughts or advice!! Thanks! +For a few years I was helping my mom with things that were becoming too much for her. One of those things was to track down a local financial advisor. We interviewed a few and settled on one. As we discussed how best to invest her money, he said the word “annuities”, and she sternly said that annuities are a scam and she would have nothing to do with anything that included that word. +Now that she is gone I am searching for a planner to help me. Her advisor had said that annuities had had a bad rap in the past, but had been somehow redeemed. My understanding was always that annuities were tied to the insurance industry, they take your money over your productive years and dole out retirement monies after retirement. +Is there any truth in either of these descriptions? I’m at the point of retirement myself now and want to make the best choices. +Holy crap! Just read back for edits and realized that this is pretty long. Apologies +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! + +Coinbase has expressed their intent to focus on exchange instead of wallet, Gemini is losing the battle for volume. All the action on Kraken / Polo isn't lost on these guys. I think it's highly probably that one or both will announce ETH trading on the 14th. Too bad Augur isn't live, because this would be a great one to bet on :) Discuss! +I can't explain anything with links or proof so call this a shitpost and get that out of the way immediately. My Muffin Top Guts have some splainin' to do here. + +Are we going to look back on this moment as a time where ETH began to diverge from BTC and stand on it's own two feet? + +"The Flippening" ~ /u/hodlor Dec. 8th 2016 + +1. Too Soon to think that over the next year? +2. Hopium Echochamber Overdrive Engaged? +3. Or is this finally be the tipping point we can look back on? + +No way in hell am I interested in panic selling because of China and Bitcoins legacy problems. + +I'm calling this as a potential historic price pivot point for ETH. Especially if we pop back up above $11 and BTC stays down through the next couple of days/weeks. + +I'm curious how many people are now sitting in fiat and thinking of where to go while the likes of OK Casino and Hobo Huobi work their magic with the Chinese government to do whatever they can to control traders/bots/bitcoin. + +Either way....Ethereum will not be coupled to Bitcoin forever. It's just too damn exciting to be mired in Bitcoin drama for much longer. + +On the flip side we also can thank Bitcoin for the rise as well...I'm just tired of Bitcoin and want ETH/Fiat pairs to really show the real story....seems like ETH/Fiat has done pretty good lately. + + +Anyway..>Big Hugs from KC and good luck to traders during this turbulent time. + +Prediction: + +The Etc hype is at its peak right now. There has been a wave of exchanges accepting it. That wave is now nearly complete. Noobs see this as "the ecosystem" giving Etc credibility and support. In actuality it's just exchanges trying to be impartial and not pick winners (except Polo). + +Agree or disagree on the future of Etc, but this is a fact. Exchanges adding Etc gives a false sense of rightfulness, at least partially. People just don't know the distinction between system value (with all that it entails) and artificial value, for the lack of a better term. + +Now once all these exchanges have added Etc, what is next? I predict weeks of calmness, Bold prediction i know given the status quo, but so right. How fun do you think it will be to sit there with Etc when there is nothing happening and the price slowly starts to dwindle as the pump subsides? How will they feel once they realize that buying Etc now is literately the same as buying Ethereum pre DAO minus the controversy, the dapps and all the devs. It's nonsensical. + +Meanwhile Ethereum is over here with all its dapps and new development, even better Ethereum now has a new entry point. All these Bitcoin fanatics (and others) have gone through the Etc door, making the transition to Eth more convenient. They will all learn about Ethereum. Similarly as we all did once or twice before we started to understand the potential. + +Currently Etc is a problem. From next week and onward it's a PR machine for Ethereum aimed at all these kids who for some reason hate technical progress, because that is what this really is about, making efficient solutions for tomorrows automatizated and more autonomous "smart world". + +tl;dr Rejoicing around a rejected chain born out of spite is probably not gonna work out that well, just saying. + + +I just paid 0.0024 btc on a transaction, and after 40 minutes there is still only 1 confirmation. There's a backlog of about 70k tx today, and Zero Hedge just reported BTC trading volume crashed by 90% in China, where most of the trading happens globally. Mix in the AWOL segwit activation and divided devs/community, it doesn't look well for BTC. It's only a matter of time until people start using ETH (and then Maker's Dai) to transact. + +Thoughts? +I find a lot of great content here and especially in the daily threads, but its hard at times (like today) to filter through fud and pure emotional speculation. + +The point of this post is to try and see a lot of serious comments, positive/negative, bullish/bearish as well as varying topics from alt coins to Ether price predictions etc. etc. just make sure you have a thought out opinion that you are willing to discuss and defend. + +So in my opinion, with Vitalik recently [verifying that the Constantinople hard fork](http://reddit.com/r/ethereum/comments/91zbgq/lets_have_a_frank_discussion_about_casper_ffgs/e32ocfx) is 2 months^tm away, its hard to assume that this bear market will last much longer. + +That being said I just want to add one thing that I have noticed on the daily chart these past few months. It always seems to make almost a sideways "S" or "~" pattern, with the beginning curve being the big spike, second curve is a sort of rebound and the end being consolidation before making a new and much larger "S". Here's a couple of examples. + +After building support around $45 [May-Oct 2017](https://imgur.com/gallery/eBFpPCV) + +Built support around $300 for 2 more months before breaking out [Dec 2017 and repeating "S" pattern](https://imgur.com/gallery/22CSGwZ) + +So I truly believe we are at the end of that second squiggle. Forgive my mid-work-day-mobile paint graphs, but here is another rough sketch of what [the future chart should look like](https://imgur.com/gallery/f6CCji5) + +So if I'm on to anything at all here, we've been building support since we first dipped under $500 in mid June. The best prediction I can come up with is ~2 months of building support, which would mean in the next 2-3 weeks we should start a bull run. We will know that is true for sure if we break ~$600 before September. In which case I could easily assume our price would rocket up about 400%-500% (like the start of the "s" in the first two charts) meaning a target sell point of roughly $2,000 jan-feb 2019. + +Let me know if you guys think I'm crazy and don't forget to leave your 0.02 +I think competition from the likes of Microsoft, EY, Google, etc. will be built using a public chain like Ethereum. It is going to be the only way they will be able to clearly differentiate themselves from Libra. This is good for Ethereum! +\*Correction: **Dow Jones up to 20% in the last 7 days** + +**Global stocks:** Edging lower, and oil prices have plunged to 17-year lows at the start of another week set to be dominated by the coronavirus pandemic. + +**U.S. stocks:** Rallied on Monday. The investor optimism came despite President Trump extending the U.S. lockdown to April 30 and public health officials warning that the American death toll could be between 100,000 and 200,000 with cases in the millions. + +**UBS Analyst Comment:** Equities remain the most ‘pessimistic’ across asset classes (pricing global growth at 0.3%), followed by commodities (0.7%), rates and credit markets (both 0.9%). At 3% implied growth, cyclical currencies send the most optimistic signal. Nevertheless, equity market bottom may yet to come + +However, economic uncertainty continues to skyrocket & is now more than double prior peak as you can see here: [https://twitter.com/LizAnnSonders/status/1244585147099381761/photo/1](https://twitter.com/LizAnnSonders/status/1244585147099381761/photo/1) + +**Today's closing market data (from Reuters)** + +**Stocks** + +* [**S&P »**](https://www.reuters.com/finance/markets/index?symbol=.SPX)2,598.28**+2.24%** +* [**Dow »**](https://www.reuters.com/finance/markets/index?symbol=.DJI)22,082.98**+2.06%** +* [**Nasdaq »**](https://www.reuters.com/finance/markets/index?symbol=.IXIC)7,703.55**+2.68%** +* [**FTSE 100 »**](https://www.reuters.com/finance/markets/index?symbol=.FTSE)5,560.53**+0.91%** +* [**Nikkei 225 »**](https://www.reuters.com/finance/markets/index?symbol=.N225)19,084.97\*\*-1.57%\*\* + +Breakdown---------------------------------------------------- + +**What asset classes are you investing? (equities, commodities, bonds, alternative assets)** + +**What platforms are you using to invest the different asset class?** For ETFs I am using Vanguard ([https://investor.vanguard.com/](https://slack-redir.net/link?url=https%3A%2F%2Finvestor.vanguard.com%2F)), for alternative funds & portfolios Daedalus ([https://daedalus.investments/](https://daedalus.investments/)) and for shares & options Robinhood ([https://robinhood.com/](https://robinhood.com/)). **Which other platforms do you recommend?** + +**Do you think markets will run bull from now or is it a bull trap? Will VIX follow contango or backwardation period in the next few weeks?** + +&#x200B; + +&#x200B; +So I started in March I trade with an extremely small amount in the Indian equity market exclusively. I just want to learn now, profits will come later so that's not the issue. At first, I did shit and didn't even know what I was doing. I had some Ema strategy but nonexistent risk management and mentality for trading. + + +I started trading with price action around August. Soon after I started reading al brooks books. I still trade with price action. + +But my biggest problem is i don't have a predefined edge... yes I use common patterns and identify supports and resistance. It worked great in Jan but not that much in Feb + +I have some risk management rules like hard stop-loss for the day. + + +Only 2 trades per day. + + +I only trade open, it's remarkably hard to trade open, I recently started trading open. + +My SL changes trade by trade but I don't change my share size right now it's fixed to 10. I am just trying to achieve consistency with a small account. + + +Everywhere I go I see people talking about having an edge that has very low variables like when certain conditions are met you enter the trade and exit at SL etc.. + +But I feel like my trading is based on ***gut feeling*** and my knowledge. And I feel like this is the hardest path I have chosen. Although in long term I think it will benefit me more, or at least I tell myself that. + + +How can I make my strategy as rigid as possible? I don't know how price action traders traded in their early phases. With indicators it's simple to say x thing happen you are either in or out. + + +But I can't except a specific pattern every day. + +I think the best thing I can do is manage my risk and live day after day until I start getting the hang of markets. + + +Any advice by price action traders? How did you overcome these problems? How did you manage to make a rigid edge without any indicators solely relying on patterns? + +I feel like my edge is fucking price action entity as a whole but managing something that big is proving to be difficult. +It’s been a year and a half since I started educating myself about the market. Anyone else out there feels like even after learning TA, charts, price action, indicators the worse they do? I feel like now that I know how to read candles and read TA, I’m being extra careful which cost me not to take much risks and that result in me missing a lot of potentials profits. I know it’s the whole psychological thing but I can’t help it. And the more I look at charts everyday the more I’m not sure what I’m looking at or trying to find. Maybe I’m just being overwhelmed by information everywhere. +I’m Canadian, I’ve taken out a $50k loan (interest rate 1.5%) into a tax-free-savings-account (no taxes on investments assuming no day trading), and betting it all on industries hit hardest by COVID-19 (air canada, delta airlines, Boeing, Bank of America, Various cruise lines). + +Three reasons for a pump next year: + +1, vaccines coming out + +2, American stimulus package + +3, Yellen as treasury secretary + +I’m in this for long term holds, and macro elements tell me that there will be sustained economy relief, am I missing something? Because for now I consider a rebound to *some* extent a certainty. + +EDIT: I should note that my wording was wrong, I don’t actually plan on putting ALL of my funds into these sectors, my portfolio is spread out over 100 holdings (80% stocks and 20% ETF), I’m well aware of the risk I’m taking but I’d like to think I’ve diversified well enough. +Wow, what a crazy week. The S&P 500 ended up down about 20%, developed markets in dollar terms are down about 24% according to the price action in IEFA, and we're down about 18% in emerging markets (IEMG). Global equities were worth about $90 trillion at the start, and are about $72 trillion today. Does that mean we've hit the bottom? Do we have another 20% or even 40% to go? No one really knows. I'm just a random guy on the internet, but hopefully this helps or at least gives some folks food for thought. + +&#x200B; + +The bear case seems obvious, unprecedented supply chain disruption, long-lived demand destruction, highly leveraged companies going bankrupt with the whole junk market imploding, contagion, hospital systems being overwhelmed, liquidity seizing up, mass foreclosures from people not being able to work, commercial real estate failures, oil and gas companies laying off tons of employees killing further demand etc... Bears are always convinced that the world is going to end, and these are all good reasons to be bearish, but there's always something worrying the markets that the markets have to climb over, whether it's trade wars or actual wars. + +&#x200B; + +The bull case seems less obvious (which is not a bad sign, usually the time to buy is when all the bulls have bought 7 layers of dip and are all dead, in hiding, or converted to the bear army like in 2009). With that said, there's substantial tail winds in the market. Pandemics, whether it's H1N1, SARS, MERS, even the Spanish flu, only have a material economic effect of at most a year when it comes to virulence for a couple of reasons. It's a combination of existing drugs that help (some anti-virals for other drugs already help against coronavirus), antibiotics to soften the secondary issues like bacterial pneumonia, the fact that less dangerous mutations tend to be successful and more dangerous ones die off so mortality rate drops over time, and herd immunity, I don't expect we'll be talking about coronavirus really beyond this year, and possibly not materially even 3-4 months from now. Gas prices are dropping fast and that's putting money into the pockets of consumers, and it'll help soften the blow for many businesses like airlines (most are still unhedged), trucking, shipping, etc... Even if you don't believe Chinese numbers (which is fair imho), the S. Korean numbers are reliable and show that you don't need incredibly draconian measures to resolve the coronavirus threat. + +&#x200B; + +Interest rates are going to be cut globally, and we had a trailing P/E of about 15.3 if you take VT, which was at 16.8 at the end of Feb and apply today's prices. Assuming this year is a wash after a brutal Q1, Q2, and a still bad Q3, by 2021 we'll likely be back to around a forward P/E of 15 or so globally (obviously cheaper in emerging/developed non-US, more expensive US). Jobs numbers were actually still really strong in the US and fine globally before this happened, there will be a ton of pent up demand and possibly a baby boom with all the quarantines in 9 months. With interest rates at effectively 0, institutions, pension funds, and even retail investors, all of whom collectively are sitting on very low yield bonds and tons of cash, and who are hoping to retire can't stay in 10 year t-bills for long, and will come rushing back once the market looks even remotely ok (which will be well before the headlines start to improve). Add to that whatever fiscal stimulus comes out of this, and it does seem like we'll get a ton of fiscal stimulus (even the Germans are doing it, which I never thought I'd see), and it's easy to see that stocks are the only game in town for long-term appreciation and a 2021 PE of 15 is a bargain in a 0% interest rate world, and ripe for future multiple expansion and EPS growth. + +&#x200B; + +So what's the play here? We have two risks. The short term risk for the bulls is that it keeps going down, and you could've gotten in for 20% (or more) on sale later. The long-term for bears is similar to selling in 2008, if they wait too long and don't get back in until it's obvious that things are fine because they think the rally is fake or a double dip is coming, they'll have lost out heavily as well in potential appreciation. + +&#x200B; + +Here's how I'm advising friends and family right now, given the likely market psychology of these three groups of people on average, and please take it with a huge grain of salt as I'm just a random internet stranger. + +&#x200B; + +The easy money has already been made, buying puts on cruise lines 3 weeks ago made sense, buying puts on cruise lines or oil and gas companies when they're already down 80% (like NCLH or OXY), the risk/reward calculus is very different and even bad news can cause the stocks to moon if it's not as bad as expected. + +&#x200B; + +If you're heavily to entirely cash now, I would respectfully suggest that it's time to deploy some of that cash, even if you are incredibly bearish, because if we do have a V-shaped rally, odds are you aren't getting back in and will keep waiting for a dip that'll never come. At a minimum, take a 5%-10% leg in, and if you think America is screwed, buy emerging market equities where they allegedly appear to have this already under control and that are trading at 2016 levels now with much cheaper valuations, or buy some US blue chips like Alphabet that should be very resilient even in a bear market. + +&#x200B; + +If you are subsantially cash (e.g. 20%-40% cash position), it may be worth waiting. If the equity markets do recover, you'll still capture a lot of that upside, but the market may very well keep going down rapidly from here (heck, it was down about 10% more on Thursday) and could go up or down 10% on Monday and no one would really be that surprised. You have limited dry powder, and if you miss the first leg up with some cash, you're still mostly in the market, and it may be worth trying to save some money on the chance we get once in a lifetime prices on some of these individual stocks or indexes that you've been looking at. I've also found that people who keep some cash, generally, the cash helps to avoid panic and capitulation when markets go down since you win a little either way in either higher portfolio prices or cheaper entry points. This way, you'll also kick yourself whether it goes up or down, but if it goes down another 10% it's time start averaging in too. + +&#x200B; + +If you're all-in or less than 20% cash, the only way you screw up at this point is if you panic and lock in losses, best thing to do at this point is to avoid all that stress like you've been doing, keep DCA the whole way, and it'll be a blip when you look at your portfolio 10 years from now and you'll be glad you ignored all the noise. + + + +Yes, I know, this is a Wendys. +TLDR: EV in the next 10 years is going to become the biggest industry in the world, not because of it's green energy but because of automation. They're going to lead to the largest mass unemployment rise as they make drivers unnecessary + +I'd love people's opinions about my take on the future of EV and whether I'm off base or too optimistic + +Disclaimer: In NIO for 140 shares @ $22 + +My main argument: EV companies are currently amazon in their bookshop phase + +I would argue that the valuations of both TSLA, NIO and other large EV companies is seriously undervalued - I'm not basing this on the number of cars they manufacture nor the effectiveness of their electric battery potential but on the billions they're investing in the development of full self driving automation. + +In the next 10 years, we are likely to see full automation especially with the advent of quantum computing leading to a huge increase in computational power ([https://www.sciencemag.org/news/2020/09/ibm-promises-1000-qubit-quantum-computer-milestone-2023](https://www.sciencemag.org/news/2020/09/ibm-promises-1000-qubit-quantum-computer-milestone-2023)) - The companies that are heavily investing in developing this technology aren't the classic car manufactures such as GM, Chevrolet or Chrysler but instead the large EV companies that have grown exponentially in the past year. Like many people I'm viewing companies like NIO or TSLA as tech companies and not car manufacturers. They're main value is in the code they develop for automation. + +Once full autonomous driving becomes realistic, these companies can lease their code as a service and basically replace the need for any job which requires drivers i.e. delivery drivers, truck drivers, taxi drivers. + +The main example I've been using for this is Domino's Pizza in the UK - They have about 1126 stores in the UK, let's say they conservatively they hire 5 delivery drivers per store and those drivers on average work about 5 days a week and a total of 6 hours per day (the three hours around lunch and three around dinner) - Let's also assume they only get paid minimum wage - This comes out to a total expenditure of about £80mill per year ($110 mill) for dominoes just based on paying their drivers wages, not countering in fuel or other expenditures that they do also cover - And that's only one company in the UK. + +If automation occurs, which again these companies are investing heavily in and the underlying infrastructure and technology is beginning to reach basic requirements, these EV companies can create a code as service model along with the profit from actually selling the car and basically make drivers redundant + +My argument is that basically at the moment these EV companies are amazon in their bookshop phase, people are betting that they'll sell lots of books (cars in this case because they're clean energy) and I think they're going to end up becoming juggernauts that basically take over our daily lives to the same extent amazon now does + +Obvs I might be wrong and in fact I'd love to hear some bearish arguments - I'm not saying we're not in a bubble but I think these companies in 10 years time will be steals at their current prices + +&#x200B; + +Edit: A lot of people have mentioned the quantum computing point and how far we are away from it in normal conditions- which is a reasonable and valid point but I would argue that if you look at the rate of change of technological advances in the past 20 years (your phone in 2000 vs your phone now) - its not that crazy to say that this growth has risen exponentially and will carry on to meaning that **ONE OF THE MANY BARRIERS** to full automation will be knocked down (i.e reaching the necessary computational power for an ML model to process images real time) and could act as a domino effect +EDIT#4: To those coming in late to the party, there are a number of counter-points listed in the comments below that offer counter-arguments to this analysis. I suggest that you read them thoroughly. After this post was made, I have revised some of the regression analysis used to support this point. More data would be needed to corroborate this theory. There is qualitative evidence that debunks this post. If you are so inclined, continue to DRS. This is an unpopular position at the moment, but I refuse to provide a directive that one *should* DRS their shares as I feel that approaches financial & contractual advice. I am, however, comfortable saying that I would like to study the effects of increasing DRS with actual data sets, once available. + +See the Edits 2 and 3, as they are significant to the discussion. + +ORIGINAL POST: + +Hello Everyone: +I have read much of the discussion and DD surrounding the number of shares outstanding regarding ComputerShare (CS) registration and now have some evidence to present that as of this week, there are no longer any original, non-synthetic shares out on the market. + +I didn’t originally intended this to be my conclusion, but I will now describe my process. +I had first begun considering the effect of locking shares up in CS. + +**Theory:** As shares get locked up in CS, then the effect of each share sold will be more significant because the true “Float” of shares that are actively available to trade (ie, by being lent and found.) + +I obtained NASDAQ trading data for the starting from 9/30/21. The change in daily price was calculated by myself. + +1 - NASDAQ trading Data + + +|Date | Close/Last | Volume| Open| High| Low|Change in Daily Price| +|:------| -------------:|------:|----:|----:|-----:|---------------------: +|9/30/2021| 175.47 |3,177,453.00 |175.00 |185.45 |166.79 |(0.45)| +|9/29/2021 |175.92 |1,899,933.00 |180.09 |184.48 |174.61 |(2.68)| +|9/28/2021 |178.60 |1,770,493.00 |188.00 |190.81 |178.00 |(10.88)| +|9/27/2021 |189.48 |1,470,146.00 |185.92 |192.05 |185.87 |4.32 | +|9/24/2021 |185.16 |1,685,759.00 |191.00 |191.72 |184.11 |(6.08)| +|9/23/2021 |191.24 |1,682,259.00 |192.33 |195.75 |190.60 |1.10 | +|9/22/2021 |190.14 |2,256,593.00 |189.64 |193.50 |186.29 |0.19 | +|9/21/2021 |189.95 |2,633,827.00 |199.36 |199.36 |186.00 |(2.25)| +|9/20/2021 |192.20 |3,941,802.00 |200.00 |202.85 |184.55 |(12.77)| +|9/17/2021 |204.97 |3,950,643.00 |208.02 |212.49 |200.78 |(1.40)| +|9/16/2021 |206.37 |3,058,217.00 |202.33 |216.55 |201.15 |1.85 | +|9/15/2021 |204.52 |2,310,407.00 |197.00 |204.87 |193.75 |5.28 | +|9/14/2021 |199.24 |2,141,631.00 |200.65 |204.62 |195.00 |(4.16)| +|9/13/2021 |203.40 |4,334,068.00 |193.75 |208.88 |191.50 |12.99 | +|9/10/2021 |190.41 |3,042,648.00 |198.41 |202.16 |190.00 | (8.77) +|9/9/2021 |199.18 |7,511,458.00 |180.09 |202.00 |178.00 |0.38 | +|9/8/2021 |198.80 |5,173,566.00 |201.86 |206.88 |190.68 |(0.20)| +|9/7/2021 |199.00 |2,501,178.00 |206.25 |209.90 |196.10 |(3.75)| +|9/3/2021 |202.75 |2,664,005.00 |212.05 |216.27 |198.84 |(10.77)| +|9/2/2021 |213.52 |1,855,618.00 |213.86 |214.80 |206.30 |0.55 | +|9/1/2021 |212.97 |4,453,782.00 |224.00 |231.44 |208.02 |(5.27)| +|8/31/2021 |218.24 |3,574,687.00 |212.70 |222.30 |211.46 |9.04 | +|8/30/2021 |209.20 |3,309,584.00 |205.00 |218.19 |203.02 |4.25 | + +Next, I needed a baseline to compare the available float that is not locked up by institutions or by insiders. The Bloomberg terminal is, at least, somewhat authoritative on this. I Have no desire to be digging through FINRA or any other source to determine actual amounts held at the beginning of these periods. I arbitrarily selected August 20th to begin the calculation, because that is the earliest I can recall discussion about direct registration beginning. Do not get too attached to it, since I eventually used 8/30/21, as you will soon see. + +https://i.imgur.com/D1eNYRB.png + +Next, I wanted to find some previously estimated share count as of 8/30/21, however data on this is sparse. u/pinkcatsonacid made her first post was made on August 14, so it does not seem unusual that the process began in earnest around late August. **(7)** On September 8th, u/Disnerd93749203 **(2)**posted that they had a conversation with a CS representative, who provided a range between four and five million shares being registered directly. I have chosen to use this as the base point for our data set analysis, because four million is at least somewhat authoritative, but also that it is somewhat of a moot point because the rate of shares being registered increases daily if this number is truly lower than this estimate. On September 29, u/lnxist posted his estimate of shares registered in CS. **(40** and we now have our current share registration, to be set at 34,800,000. + + +34,800,000 = = = = **4** - Estimated Shares in CS at 9/29/21 + + 4,000,000 = = = = **2** - Estimated CS Shares at September 8 + +30,800,000 = = = = = - Change in Shares in CS + + 2,053,333 = = = = = - Daily Change + +These facts, assumptions, and estimates now only need to be related. I began to consider that of the shares in the float, Apes will eventually lock-up a considerable number of shares. This will be easier than anticipated, given our great numbers and also the significant number of synthetics available. Since Etrade and other foreign brokers are now seemingly having difficulties in locating shares, it does not appear unusual that their settlement practices have failed to locate shares in time. The one broker that doesn’t seem to be having any issues in completing the transfer is Fidelity. + +Fidelity seems to have succeeded in both tracking down shares after order fulfillment, so they can continue to transfer over to CS, so Apes are not disrupted on the transfer. Fidelity doesn’t have that large of a position held in ETF’s that they control, so they need to borrow them from somewhere else. Vanguard and Blackrock **(8)**both own a large number of shares directly and via ETF/Mutual funds, so this would most likely be the first source, given that they have not sold out their positions are quite sizeable and are most likely to be “real.” This will cause CS to become a blackhole of shares as the back end accounting transitions the assets of “shares owned” to be “shares lent receivable.” This will cause the shares transacted on a daily basis to become purely derived trades of receivables and liabilities, once there are no longer any **real** shares. + + **IMPORTANT NOTE TO CONSIDER: I believe the shares being used to transfer Apes from Fidelity are institutionally owned, lent to Fidelity.** This is the only explanation as to where they would be able to find original shares in a timely basis. Since they are borrowed, this is a liability on Fidelity’s books. + +**This part is speculation and not part of the thesis:**Obviously, they do not want to have this in their risk exposure profile, but the liability they have no can also be repackaged as a split-interest contract, or as a short. If you believe GME will go even lower, Fidelity is more than happy to sell you their liability to return shares. Someone else can buy this liability in the hope that it is lower when they eventually settle. + +So the next theory I decided to test is that of the original theory. As some of you may know, short percentage doesn’t mean that all shares are transacted as naked, just that at the time it was sold a share was sold and then found after the fact. The stonk-o-tracker is pretty good as an offhand reference for this **(5)**, since they source their data from FINRA. + +What this means is that it is reasonably easy to find a share to sell when the float is large, shares are plentiful within the brokers, and the percentage volume transacted relative to the number true shares in the market is low. In the % Short Vol / Surplus (Deficit) Column, you will see that at the beginning of the month, shares transacted short were around 0 - 5% of the surplus of shares available to be lent between the brokers. They can play musical chairs with the shares all day long until we sell, so there are plenty of available shares to settle transactions, however as we began to register shares in earnest this percentage has started climbing. Between the 8th and the16th we were between 5% and 10%, then between 10% and 20%. Each day was steadily less was containable until about the beginning of this week, 9/27, when the non-institutional float became locked up in CS and the available float became a share **DEFICIT**. Now the only shares available to trade are between institutions, but there is a significant problem. + +**There are more shares in brokerage accounts than shares that are available to trade. CS demand remains high, but the only shares available to trade are shares lent and receivable.** The market will now become purely A/R A/P derivatives of real shares that are locked up in CS, so the effect of selling one share will cause the price to drop every day until a tipping point is reached. Skip past the next table to see. + +Some of you have researched this and suggest that the actual short percentage is under reported, but that is beyond the scope of what I’m trying to do here. + +I assumed 800K Shares were transferred to CS per day starting on 8/31, to bring us up to the 4M that is the basis point. This may be liberal in its count, but again this is an analytical assumption, given that no data is available. + + +|Date | APE SHS IN CS | BARCLAY FLOAT AVAILABLE| SURPLUS (DEFICIT)| SHORT PERCENTAGE| CALC - Short Percentage of Vol| Perc. Short Vol / Surplus (Deficit)| +|:------| -------------:|-----------------------:|----:|----:|-----:|---------------------: +|9/30/2021 |36,853,333 |34,412,851 |(2,440,482) |62.00 |1,970,020.86 |-81%| +|9/29/2021 |34,800,000 |34,473,515 |(326,485) |61.30| 1,164,658.93 |-357%| +|9/28/2021 |32,746,667 |34,503,848 |1,757,181 |71.10 |1,258,820.52 |72%| +|9/27/2021 |30,693,333 |34,534,180 |3,840,847 |67.60 |993,818.70 |26%| +|9/24/2021 |28,640,000 |34,564,512 |5,924,512 |69.80 |1,176,659.78 |20%| +|9/23/2021 |26,586,667 |34,594,844 |8,008,178 |67.30 |1,132,160.31 |14%| +|9/22/2021 |24,533,333 |34,625,177 |10,091,843 |57.00 |1,286,258.01 |13%| +|9/21/2021 |22,480,000 |34,655,509 |12,175,509 |66.30 |1,746,227.30 |14%| +|9/20/2021 |20,426,667 |34,685,841 |14,259,175 |62.90 |2,479,393.46 |17%| +|9/17/2021 |18,373,333 |34,716,173 |16,342,840 |65.80 |2,599,523.09 |16%| +|9/16/2021 |16,320,000 |34,746,506 |18,426,506 |61.30 |1,874,687.02 |10%| +|9/15/2021 |14,266,667 |34,776,838 |20,510,171 |63.70 |1,471,729.26 |7%| +|9/14/2021 |12,213,333 |34,807,170 |22,593,837 |61.40 |1,314,961.43 |6%| +|9/13/2021 |10,160,000 |34,837,502 |24,677,502 |61.90 |2,682,788.09 |11%| +|9/10/2021 |8,106,667 |34,867,835 |26,761,168 |55.40 |1,685,626.99 |6%| +|9/9/2021 |6,053,333 |34,898,167 |28,844,834 |57.60 |4,326,599.81 |15%| +|9/8/2021 |4,000,000 |34,928,499 |30,928,499 |61.80 |3,197,263.79 |10%| +|9/7/2021 |800,000 |34,958,831 |34,158,831 |60.40 |1,510,711.51 |4%| +|9/3/2021 |800,000 |34,989,164 |34,189,164 |60.60 |1,614,387.03 |5%| +|9/2/2021 |800,000 |35,019,496 |34,219,496 |61.50 |1,141,205.07 |3%| +|9/1/2021 |800,000 |35,049,828 |34,249,828 |62.70 |2,792,521.31 |8%| +|8/31/2021 |800,000 |35,080,160 |34,280,160 |62.60 |2,237,754.06 |7%| +|8/30/2021 | |35,110,493 |35,110,493 || |0%| | + +~~Some of you may call this a lot of hog-wash and speculation, but allow me to present some mathematical, statistical evidence that supports, but **does not** confirm my theory. +95% Confidence level Statistical regression between the relationship of the change in daily price and the percentage of the short transaction volume relative to the surplus or deficit of real shares. There is a moderate association in the Adjusted R square column. For those of you unfamiliar with this, see the google definition below, but this is enough to suggest that there could be something more here, if the data were more precise. +The following was made in excel add-ins under the analysis tool pack, If anyone would like to recreate this.~~ + +EDIT #1 - This is supposed to be here +EDIT #2 - Its good that u/OnPoyntz is better than stats at me, since I misread the r^2 correlation coeffecitient in the following image. I am leaving it here because it adequately demonstrates that my theory of price correlating with the shares locked down is INCORRECT. However, the remaining calculations of the CS to trades transacted does indicate that we are still locking more down and that short volume may become more of a "an interest swap" between the back offices than true share purchases or sales. + + +https://i.imgur.com/5oYKpyQ.png + + +EDIT #3 - Once again u/OnPoyntz has a good understanding. If we ignore the outlier activity from the past two trading days 9/29 and 9/30, then we start to see a correlation again (though weak to moderate.) I have added it here as a comparison reference, to show that there is some merit to this theory. The coming trading 10 to 15 trading days will provide more data points as more information is uncovered. + + +https://i.imgur.com/bfSBh59.png + + +**CONCLUSION:** It appears that all shares transacted in the coming days are either going to be institutions selling receivables to each other. The CS blackhole has destabilized the game as brokers can no longer locate shares to transfer. There is some correlation between the change in price and the percentage of share volume that has been transacted without a real share backing it. **APES** own all of the available float. Institutions own the remainder, but will fight amongst themselves for the real shares because there are none left. + +In the coming days, brokers will attempt to rebuy shares to settle trades before the music stops. Today, 9/30, there were many trades transacted that brought the price up at the end of the day. This was what I believe was the tipping point. Vanguard may end up with a mega receivable on their book, while shady brokers like E trade and others will get stuck bag holding. Fidelity will probably be fine, since their shares on hand seem to be plentiful. + + +**Footnotes – Source of Data** + +1 https://www.nasdaq.com/market-activity/stocks/gme/historical + +2 Here I would post the link to the CS post where we estimated how many shares are registered. +3 Here i would reference the bloomberg terminal post in DD into GME but its not allowed. + +4 https://www.reddit.com/r/Superstonk/comments/py37kg/approximating_how_many_shares_are_currently/?sort=confidence + +5 https://gme.crazyawesomecompany.com/ + +6 Here i would reference the bloomberg terminal post in DD into GME but its not allowed. + +7 Here I would put a reddit reference to the direct registration post by Pink but automod hates me. + +8 https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=ownership&symbols=gme +Whats your view on these "quasi-passive" indices. I saw earlier today a post stating that specialized ETFs typically underperform the market as they were typically launched post rallies and publicity events. However, now you can find sector specific indices for almost every market, and thus should be able to get in independent of triggering publicity/rally events. Hence, done right i think it can be a great addition to the portfolio + + +To add, I hold 4 of these (UK based): (all bought in 2020 and everyone except for espo has since beaten the global index) + +- Cloud Computing (FSKY) +- Green energy (INRG, top 35 companies) +- Em eCommerce (emqp) +- Video gaming (espo) + +I see this as a way to get exposure to 4 sectors I am very convinced on over the next 5 years. Whats your view? Is this a good addition to a portfolio consisting of 50% global index and the rest sector and company specific shares? +i paid off this months credit card payment in full and i won’t get the $25 late fee that i have been constantly paying over and over the last few rough months. + +small joys of a small win. +Hi all, + +The company I work for was acquired by a private equity firm (PEF) - they went from a public company (shares was on the stock market) but they were all bought by the PEF. + +Now a larger software based company (LSBC) has acquired them from the PEF - the LSBC isn't offering the staff shares as part of their benefits program as they own the entirety of the shares. + +However, they are offering "notes" (and no, I don't know what that means) which I think might be a way to "own" shares whilst the company remains private, i.e. internally traded shares (?) + +As you can tell, I have no idea what that means or how it works. + +My question is, if the company grows massively and I own these so-called "notes" - what does that mean in terms of monetary value? + +As sort of attempts to explain this would be appreciated. + +Thanks + +P.S. they gave us a bonus - might invest this or save to move out from parents place +Big news in the medical field today as Intellia Therapeutics and Regeneron announce, for the first time, history-making news that they have successfully treated a genetic disease, ATTR amyloidosis, with a single infusion of CRISPR, a programmable gene editing tool. This data was also published in the premiere medical journal, NEJM + +https://ir.intelliatx.com/news-releases/news-release-details/intellia-and-regeneron-announce-landmark-clinical-data-showing + +https://www.nejm.org/doi/full/10.1056/NEJMoa2107454?query=featured_home + +For those unaware, CRISPR is a programmable gene editing system discovered in 2012 which allows precise gene editing at a target locus. Jennifer Doudna, the founder of NTLA, and Emmanuelle Charpentier, the founder of CRSP, were awarded the 2020 Nobel Prize in Chemistry. + +This really demonstrates the promise of CRISPR to treat all genetic diseases. + +I believe this will cause the entire sector of gene editing and maybe genomics stocks to move higher. Other stocks in this field include BEAM, EDIT, VERV, VRTX, REGN, NVS, GRPH, and CRSP. + +Some additional articles: + +https://www.npr.org/sections/health-shots/2021/06/26/1009817539/he-inherited-a-devastating-disease-a-crispr-gene-editing-breakthrough-stopped-it?fbclid=IwAR0pufLeRHs8QGStWirHjLpAyw0WF8wVnOZ-oRuHPu520tGZ4J2Scmwpxd4 + +https://www.sciencemag.org/news/2021/06/crispr-injected-blood-treats-genetic-disease-first-time + +https://www.statnews.com/2021/06/26/intellia-therapeutics-ntla-2001-data/ +My husband has been put in the fortunate position of being pretty much financially independent by his parents. He dreads being asked "what do you do". I'm sure some of that is his guilt, but it's true that people can be funny if they feel 'oh it's alright for you...' and I don't really blame them, but it is awkward when you don't want everyone knowing your business. Do you make something up or say something vague about being in property?? We're British by the way, might make a bit of cultural difference! +Hello + + +I've known about the FIRE movement for some time now, but recently I watched the "Playing with FIRE" documentary (which is great), and that really got me thinking about it and what I want to achieve in life. As far as I understand, people who want to FIRE do it because they want to have the freedom to do what they want to and not get confined by money worries and/or their day job. Cool, I completely understand that, but what if the goals you want to achieve involve having a job? + + +Well... that's kind of me. I am 26 and work in research. My #1 goal is to contribute to my field and advance humanity through it, and then secondary goals of having a family, spending time with them and friends, financial independence, living a healthy life, and exploring the world. Now here is the weird bit, to achieve my #1 goal, I have to work in a team which constitutes either being part of an R&D company or academia, both of which pay very decently here in Europe and allow for a great lifestyle. I am fairly confident that I will always be able to find such jobs throughout my lifetime, which gets me thinking, by pursuing my #1 goal, am I by default FI? Now obviously, there is no such thing as true FI - I can't decide to buy a private jet or something but 90% of the time I can decide what I want to do, and never for the past 3 years or so have I had any sane money issues where I couldn't get something I need. + + +From a FIRE perspective, does my reasoning make sense, or am I missing something? +I heard that a few months ago Jeff Bezos sold around 4 billion dollars worth of Amazon shares. I know that alot if this money went to funding his space company and other things, but I am wondering how someone can store millions or billion in cash. I know that U.S banks only ensure 250k, so when Bezos did this, where was the money kept? + +This is my first post, so I'm not sure if there us a better place to share it. +I heard that a few months ago Jeff Bezos sold around 4 billion dollars worth of Amazon shares. I know that alot if this money went to funding his space company and other things, but I am wondering how someone can store millions or billion in cash. I know that U.S banks only ensure 250k, so when Bezos did this, where was the money kept? + +This is my first post, so I'm not sure if there us a better place to share it. +Everyone I know is asleep, so I’m here to celebrate. I’ve spent almost a *year* raising my score from the low 500’s to now at 696! + +I used self. Started with a small “loan” for a year (they don’t actually give you a loan, just open one in your name). You pay them monthly (mine was 48-50$ a month). I set it on autopay. After half a year or so of on time payments, they offered me a CC… which I held off for awhile because I was scared but finally opened one in Feb with a limit of 200$. kept my usage below 30% on it (I used like 30-40$ a month on it for normal purchases - again set on autopay). Their app is super handy! (Edit: they’ll be sending me a check next month of all the payments I’ve made over the past year too!) + +My loan closes next month, which will probably ding my numbers a bit but I just started a new, easier, stress free job this past week. I’ll still need another weekend gig or something to pay all the bills, but still. I might open another loan from self just to keep it going. + +So, I checked out my scores again today, and saw opening another CC would help and found one that experian matched me with 100%. They approved and offered me a 2000$ limit (again… SCARY to me!!). I am NOT going to change my spending habits or anything. I’m still poor. I’m going to treat it like my 200$ CC. + +But ….!! At this point in my parents lives (I’ll be 33 in a few days) they were reconsolidating their massive credit debt while I’m slowly (maybe not slowly, 100+ points in a less than a year is amazing!!) building mine! + +I’m super stoked. This week has been amazing with my new job, my benefits kick in on Monday. I just saw my new credit scores, got a new credit card and wow! + +Happy early birthday to me :)! If I can hustle this summer, I can probably start adding back to my kids 529 account and start actually SAVING! + +Like I said, I’m still poor. But I plan on not being poor in a year or two. My kiddo deserves a better life (not that hers is lacking, lol- she’s an only child and planned - I was in a really good spot financially when I had her - but my family lives far and spoils her). Plus, I want so desperately to move (been here 8 years, longest I’ve ever lived in ONE single location EVER!). + +Im super excited! :) +If the banks were too afraid to lose their liquidity or their investments liquidity once people start pulling out “their” money to invest in Crypto, wouldn’t that bring up the question of who owns your money? You or your bank? + +Wake up people. Remember what Crypto came for. + +We can’t kneel for the banks , the banks need us. + +Just my 2 Cents. What do you all think? +I'm looking to educate myself more about the markets and to become informed on what's happening on a daily basis. There is a ton of information and many sources out there - blogs, online publications, WSJ, and the list goes on. If I'm looking to find a daily go-to source, what is best? What do more experienced people follow to keep themselves current and informed? +This is a report from my question in r/stock because someone suggested perhaps r/finance would give more appropriate advice. I am intended Int. Bus major (because i like culture, diversity.. ) but want to combine it with something more practical. BUT now i am thinking if i want to do anything with investing/banking (what I am interested in) Finance would be a little better. Can anyone in the field give me some advice? Which would benefit me more? Many thanks. + +Edit: Thanks all for the advice. I am going to go with a finance minor, and back it up with maybe a math minor. Japanese is already a mandatory liberal arts minor so that as international as i'll get for now, with a semester of study abroad. Many thanks and happy holidays! +My trading focuses mainly on equity options trading; I also trade futures, equities, and some forex. I aim to structure risk around my opinion on market structure and the current volatility environment. + +I also started a trading newsletter/blog a few years ago that's doing well. I also am very strong in educating traders about the nuances of options trading. I won't link to anything as I don't want to spam and want to be semi-private, but I have a fairly strong social presence so it's not like I'm Carmen Sandiego. + +Also, I'm 26 and have a BSEE + +[Edit] Ok here's my stuff for all the shameless self promotion: + +* [My blog.](http://www.investingwithoptions.com) +* [My twitter.](http://www.twitter.com/stevenplace) +* [My new options course.](http://www.optionfu.com) +* [My old options course.](http://www.earningstrades.com) (v.2 coming soon). +* I do live internet shows T and Th near the close, and on Saturday at 11 AM EST. +Looking to get ahead and learn Python and SQL to open some doors when I graduate, what are some good resources to do that? +I'm in Ontario, Canada. Any schools offer comprehensive training courses, or books/websites to teach yourself? + +Thank you! +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. + +I'm an undergrad thinking about switching my major to Quantitative and Statistical Analysis. And I have almost no clue what they do except that they need math. Perhaps some code too like python,SQL,R etc. All I've got is- + +How is your day like? + +(Pull out a list of courses at my college in the major) Which ones should I take? + +Aside from these two, it would generally be just small talk. I know him because he is a friend of my wife who attended our wedding. Anyone have some good questions? +Just wondering how important cost basis is gonna be. Is there a certain amount/percentage I can give to the gov and be done with it? Will ask a tax professional also when the time is right. In NYC. Thank you. + +For text limit amount. If you haven’t already, DRS those shares. Get a receipt for what you paid for 🟣🟣🟣 Shoutout to all the DD writers and the mods and this community! You guys are dope 🤙🏾🧠🦍 POWER TO THE PLAYERS 🎮🛑 +I don't know how this sentiment spread and why it's so accepted around here. + +This new SEC regulation would merely make it so that retail order have to be bought at an auction. It is designed to make retail shut up while leaving PFOF intact. +By spreading this misconception you are playing exactly into their hands. + +Keep the pressure on. + +Edit. Btw I agree that the sacrifice of the concept of supply and demand on the altar of **infinite liquidity** is the actual problem retail and the market as a whole are facing. + +Buy, Hodl, DRS +Supply and Demand - We can agree that it's pretty much a rule, right? + +From my eyes we have 2 sides of the economic argument, and we're trying to decide who gets the incentive be it tax breaks or what have you. + +One seems to argue that it's a Demand side issue. There isn't enough demand for products, so we need to give the larger incentive to the masses to go out and purchase more widgets. + +The other seems to be arguing for the Supply side. If we give the incentive to the few who create jobs, they'll hire people to produce widgets, and those people will then go out and buy said widgets. + +The problem that I see is that as a business owner, I can hire someone today to produce widgets, but if my widgets aren't selling because the rest of the nation is reeling from the economic downturn and I don't sell enough widgets I'm out that person's salary and the storage cost of my overproduction of widgets. That makes me not want to hire said person and simply pocket the extra for when the demand comes back. + +However, If my widgets were selling out like they did before the downturn, I know that I'd HAVE to hire another person to produce my widgets. + +Doesn't this kind of sink the supply side argument? +Welcome to the open discussion thread. + +This space is reserved for open discussion or questions on research and news on economics. + +Talk about economics among yourselves. +Welcome to the Gold Standard in Discussion Threads! + +-- + +* Purpose: **Discussion thread for high-quality economics discussion.** + +-- + +Please be mindful of the following rules: + +* Simple questions should be directed to /r/askeconomics. +* Low quality and off-topic top-level comments will be removed, per Rule VI. + +-- + +---- + +-- + +**Announcement**: /r/Economics has passed the 300k subscribers mark! +I have a limited knowledge on economics. I've always heard that when the gov't prints more money it causes inflation and devalues ours. Are there any estimates on how much the dollar would be worth if the US had no debt and didn't print extra money. I guess basically, the question is: if we had only the gold/silver standard, how much would the dollar be worth? I realize there are probably quite a few estimates by many different people. +Thanks very much everyone for your answers to my [last post](http://www.reddit.com/r/Economics/comments/apqki/what_would_be_the_effect_of_a_single_global/). Now I'd like to hear about the inverse case. + +I have heard about experiments by municipalities to stimulate the local economy by issuing local currencies. So let's say that, starting tomorrow, every state in the United States issued its own currency. This currency would be (at least by law) valid only in the issuing state. There would still be a U.S. dollar which is valid everywhere. + +Would the ability of each state to set monetary policy be a useful tool for local economic development, or would the added complexity and transaction costs nullify any gains? +Of the country for the next three weeks, phone away no checking prices, coins in cold storage waiting for this all to blow over + +HAPPY HODLDAYS + +Edit: I’ve had a beer and commented on selected posts . . . + +Edit 2 : I’ve commented on all posts +At the time of this post, there is a $0.30 difference between the DAO token's and ethereum's relative value (a 2.5% difference). This is such a tiny difference compared to the daily variance in price changes; it is basically negligible. + +Honestly, I think most people have figured out there's no point risking the HF to exchange their tokens. It's effortless to do it now and you don't need to worry about HF or any more drama. + +I think the current value is the interplay of any DAO sell off mixed with the coinbase good news. I doubt we'll see any big movements until closer to the end of the month, when ETH is available for quick purchase on coinbase. +Episode 1002 last 30 minutes or so Joe Rogan and Peter Schiff speak about cryptocurrency and tbh I feel like dude is very out of touch with what cryptocurrency is/can be really. + +Anybody else who has heard it what are your thoughts? +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! + +They were in shock, outraged, in disbelief, but not once were they shown to have doubted themselves. + +Why? Because they did the research. They looked at the numbers, they read the files, and they knew they were right. They also faced FUD, when banks blatantly lied to them about the price of their positions and credit agencies refused to change their ratings. Yet they didn't doubt themselves. + +We did the research. We looked at the numbers, read the files, and we know we're right. So don't panic, don't feel stressed. Just sit back, relax, and watch it unfold. + +Gamestop has not tried to do anything to ignite a short squeeze yet. This may be due to several reasons, such as SEC investigation, the MOASS being too big a consequence for the company to handle, prioritizing long term success, etc. This may go on for another half a year, or even a year. The banks delayed in 2008, they're delaying again, but just be patient and trust the research. + +"Every lie incurs a debt to the truth. Sooner or later, that debt is paid." +[computershared.net](https://computershared.net) estimated we should be roughly at 88 million shares. GME 10Q reported 71.8 million shares, an increase of 500k. The price has been flat and only positive news (IMX integration, iphone app, anyone?) so it makes absolutely no sense that ANYONE who is actually net-positive and DRS'd would sell a single share. I also am interviewing for a new job currently that'd be a 30% pay raise, if I get it I'll be putting in 1 more additional order that day. + +They are fucking with our metrics and still can't even manage to make the number negative, we're already locking up the float too fast for them to truly break our stride. This is the last thing they can attempt and they failed by 500k. Get fukt short hedgy fucks. + +Edit: To be clear, I believe they manipulated the DRS count by borrowing and DRSing shares before the Q3 deadline, then the day after immediately transferred them back out to sell short. They didn't have to hold these shares at all, just long enough to fuck our metrics up. Even with such a short timescale they couldn't make the number negative, we're DRSing too fast for them. +So we’re all used to the people claiming everything is going to crash and burn and things will be horrible, messy, disastrous.. (vague doom terms) + +But what are some of the actual consequences for regular people if there was a big crash, or the market did drop by X% etc.. +Honest intentions... genuinely curious??? + +How many here work in Finance (for example)... and would reduction in lending effect you? + + +Anyone here in Retail or Trade - tied in to clients or customers in property??? + + +In short - any people dependent on jobs where a real shift in unemployment might have an effect towards job security??? + + +And conversely... if you're pretty confident you'll come out... how strong is your CURRENT portfolio (whatever it may be) - that will see you either weather this... or even, benefit??? + + +Just interested to know people's anonymous positions. +Hi all, + +Firstly, thanks for taking the time to read and hopefully sharing your thoughts on my situation.I have gone ahead and read through past posts and I think I'm a 'new' position that differs from previous posters in terms of JobKeeper. + +&#x200B; + +**Quick Background:** + +I work at a small family owned business which tutors primary school - early high school students. We run off the private school system in terms of breaks etc.I've been working for my employer for over 3 years and I suppose I'd be the most senior worker there.I'd be considered casual.I have set days which I work every week which are negotiated at the beginning of each semester with my employer based around my university timetable.As a tutor we work 3hrs a shift (Monday-Thurs) at a rate between $30-40. (You get higher if you've finished your degree, etc.)I was working 12 hours a week before term ended. + +&#x200B; + +***Now here's my issue.*** + +I am on jobkeeper with another employee. I have no idea whether others were offered, but we were and we accepted. We definitely earn more than what we normally would by being on Jobkeeper.I'm obviously happy with it, I mean who wouldn't be?My day-to-day hasn't changed too much, minus having smaller groups when teaching, I still work the hours and do everything I'm supposed to and I give it my all. + +My boss now has this expectation that because other employee and I are on Jobkeeper we should be working harder and more (THIS IS A COMMON ISSUE AND I KNOW IT'S BASED ON REASONABLE GROUNDS, etc.) Anyways everyone else is off on holidays atm, not getting paid, and our boss didn't give us any lead up to it until last Friday at 7pm that we are to 'confirm' that we are working this week and potentially throughout the break. I was somewhat perplexed and was obviously looking forward to the break. Both me and the other employee said "Okay" just based on the fact we didn't want to cause an argument (boss can be quite passive aggressive). Working during this time isn't standard practice, which the boss admitted and it's basically shut-up shop and break time. However, the other day I found out my university timetable and it now appears I can't work my usual Mondays that I am currently working. I made her aware of this and she said she'll have to take me off Jobkeeper and pay me the normal hours. She basically roasted me infront of the other employee for saying I don't actually think she can based on the "all in approach" i.e. If she takes away mine, wouldnt she have to take away the other employees? The other employee doesn't know her timetable, however, heard what she was saying to me and said she's now worried about hers because she fears she'll face the same fate. + +I wouldn't be as dismissive of the idea as I am now but with the possibility of a second wave happening in NSW, I wouldn't really want to and her words were"We could basically shut anytime"..."It's only a matter of time before it happens here".I understand her point, however, and I suppose my main question is...Can she actually do this? Even if I don't agree? I've tried to look around as much as possible on both the ATO / Fairwork website, however am unable to find anything that addresses my situation? + +I don't want to seem like a bad person for wanting to say on JobKeeper for as long as possible, however, my stance is well, I mean, I'm still working. I'm not calling in sick. I only ever call in sick if I am. + +Anyone been in a similar position? + +&#x200B; + +**TL;DR (another summarised version)** +I'm on Jobkeeper. +Casual worker. (maybe even Part-time Casual???? - dunno?) +Boss wants me to work more and harder, has higher expectations. +Already making me and other employee work during holidays. +This isn't a standard practice. +When I signed JobKeeper I was working 12hrs a week, however, university timetable change now means I can only work 9hours a week and I am unable to pick up another day or anything. +When I told boss she told me she wants to take me off JK. +I don't want to seem like a bad person for wanting to stay on it. However, I won't be guilted into changing my mind (which my boss is a friggin professional at doing). + +**Can she do this?** + +Apologises for any typos / grammatical errors / formatting issues in a bit of a rush today. + +&#x200B; + +**UPDATE:** +Thanks for all your comments, support, suggestions and clarifications. I've found it super informative and encouraging. +I've created a record of the events and I'll continue to update if further shit hits the fan. +Also, got asked to work all next week even though I've told my employer NUMEROUS times I'm doing an intensive university course... We'll see what happens. +Hello, + +As the title states, my second son was born in September, however he passed away. Should I enter his social for the child tax credit now or just wait to claim him on my return next year? + +Are there any other things I should be doing in this situation? + +Thanks in advance. + +Edit: thank you all for your sympathy and condolences. +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. +**Mods: Reposting this without the price speculation (my bad for Rule 5.7).** + +&#x200B; + +Okay, so after 4/5 attempts this past 10 days, Grandpa finally decided to make the bears weep. Tomorrow is Friday and we all know what that means - hopefully shorts getting destroyed. + +It was more than likely than we'd go up instead of back down (traditional Xmas bump), but that crabbing lasted a fair while. It was only after seeing what happened with LRC, MATIC, CRO, AVAX and LUNA over the past few days that it was becoming clear a stable bottom had been reached. + +So now two paths lie ahead: a brand new run beginning this weekend and lasting until at least mid January (credit bills landing, etc) before resuming after Valentine's Day, or a return downwards and more crabbing. + +Either way, the only thing that actually matters is the fact that 2022 will be THE year that mass adoption becomes reality. + +&#x200B; + +There is a LOT to be bullish about: + +* Omicron nowhere near as serious as anticipated a month ago +* De-escalation in Russian-Ukraine hostilities (US and Russia meeting in January in Geneva for talks). ie no War. +* Evergrande fucked but no-one cares +* China might reban crypto, but it will have no effect anymore +* GameStop accepting BTC, DOGE and SHIB +* TESLA accepting DOGE +* Official [Crypto.com](https://Crypto.com) Arena rename on 25th December + Laker's game +* Both FTX and [Crypto.com](https://Crypto.com) have bought Superbowl ads for February +* ZK rollups and ETH gas fees falling +* ETH 2.0 and the end of mining (ETH deflationary) +* Inflation hopefully settling down and the wider markets recovering + +&#x200B; + +What do you folks think? +Pretty simple question. The website I use to file online charges $12.95 to file a state tax return. Louisiana owes me $10, so if I file, I'd actually be losing a few dollars. It's just a couple dollars, so I figured screw it, they can keep the $10. But I just got a letter asking me where me tax return is. My question is whether I will get in trouble for not filing even though they're the ones who owe me money. + +&#x200B; + +EDIT: Thank you all for the answers. I'm sorry i couldn't respond to everything. I got tons of great advice and information. Thank you all. +About a year ago I made a [post](https://www.reddit.com/r/financialindependence/comments/sugda9/leaning_into_fire/?utm_source=share&utm_medium=web2x&context=3) about my goals in 2022. In this post I am reflecting on how that went, and thinking about what goals to set for 2023. + +My 2022 goals: + +* I'm working fewer hours and only on things I *have* to do. I'm trying to avoid taking on new projects and responsibilities + * *Nailed this one.* +* Am training others so people don't feel lost when I leave in the fall/winter + * *50% complete. Have not left yet, that is happening soon.* +* Am cleaning up my investments, budgeting etc. so financially I'm comfortable with the plan + * *I consolidated investments and accounts. TLH complete. We created a budget! Am comfortable with my plan, even though the markets are down this year. We have enough cushion in the swr to weather typical downturns and sequence of returns risk (SORR).* +* Talking to my spouse a lot about it. She is amazing and totally supportive. Kids are too young to understand anything right now! + * *Ongoing, and she* ***is*** *amazing.* +* I'm trying hard to think of what I'm going to spend time on next. This is the hardest part. Right now the leading idea is to give myself a break of 6 months to a year after I retire, where I don't take on anything where I exchange time for money. After that I am most likely to mess around with a startup idea that doesn't require massive amounts of time or $ investment. Or maybe I'll be fine with not doing anything for money, *ever*. I'm in my very early 40s, so the idea of being done for good is scary. + * *Also an ongoing conversation with myself and family. I don't have a clear idea of what I want to retire to. I feel like a freshman not knowing what to major in. One day I want to be a writer, another I want to develop a startup. I'm trying to let it come to me organically, but darn it is taking time!* +* For the moment just focusing on physical and mental health. Almost 20 years of unhealthy grinding has definitely taken its toll, and it is hard work to detox. + * *Achievement unlocked! After a long time I have truly focused on my well-being, and proud of myself for having put in the hard work this year.* + +For 2023, I have a shorter list of goals: + +* Travel more + * Thinking 2+ times, at least one international +* Be more "present" + * I've always planned for the future, for security. Going to push myself to be more in the present and rediscover my goofy self +* Retire from current career, and reinvent myself + * Reinvent how? I dunno. Any ideas? + +How did you do against your 2022 goals? Are you setting any goals for 2023 (and what are they)? +I realize none of you actually care about making money, but on the off chance I can help one person then this post will be worth it. + +(1) u/BeardlessPete is a fucking moron. He’s hawking TradingView. His post is an advertisement masquerading as enlightenment on reading charts. He doesn’t know shit about making money. + +Learn the story on a stock — the company — and not some tick mark bullshit on a squiggly fucking line. + +His post: https://www.reddit.com/r/wallstreetbets/comments/kj7p0e/my_gift_to_you_a_list_of_things_you_can_do_to/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +(2) The best stock pickers are only correct about 40% to 50% of the time. That’s right, not as often as you think! + +What does it mean to be “right” or “wrong”? Here’s the answer: + +Just because you made or lost money doesn’t mean you are right or wrong. You always have a choice, invest in Stock A, invest in a broad market index, or do nothing. You might be up 10% YTD and feel great, but the S&amp;P 500 is up 14% YTD. You could have made more money with substantially less risk compounding with an index. + +(3) Are you better than the index? Find out! Practice on tools like caps.fool.com. Make a pick and see how it performs against the market. If you don’t know if you are right or wrong you won’t learn how to make money. + +(4) You aren’t going to make “boy band” money if you lose a lot of money. When you gamble on a speculative stock and lose 80%, you need a 400% return to get back to even. If you can steadily make 7%, do it 10 times in a row and you’ve made 100%. Or at 10%, it’s 7 times. There will of course be volatility and varying time horizons. But, aim to (mostly) round the bases with singles, not (always) trying to swing for the fences with a cucumber as a bat. Fake internet points from loss porn are not badges of honor. You think the game different this time? It’s not. Degenerates have gambled since the beginning of markets. An irrationally exuberant market on a stock will end. Do yourself a favor and learn to be better. Having some speculative picks is fine — just understand and accept the inherent risks and volatility. + +(5) Have a bazooka gun of cash ready when quality goes on sale. You will have a chance to buy most companies at a fair price. There will be pull backs and market dislocations. Be ready. Google, Microsoft, Netflix, Facebook, Intuitive Surgical, and many of the best performing stocks of all time have gone on sale — many times. Be ready when the market corrects and buy quality. Be patient! Don’t have always FOMO. + +(6) Market corrections with declines of between 10% and 20% happen about 2.5 times each year on average (source: Guggenheim). The average bear market lasts 18 months. Know this and use it to your advantage. Don’t panic sell quality names. Stay calm. If you don’t need the money to survive today, leave it alone. If you do, what the fuck were you doing investing in stocks? Think about this. How will you act WHEN markets correct next? + +(7) Most of your investment returns are going to come from just a few of your stock picks. Let the winners run! At some point you’ll consider rebalancing — that’s smart and okay. But having an oversized winner at 15% of your stock portfolio can be okay (if it’s a quality stock, not speculative). Let compound returns take over. Nothing is better than crushing the market with 1% gain from a compounding stock. Better yet, when that 1% gain is MORE than your cost basis. + +(8) Trading isn’t therapy for boredom. Go play with yourself and then go for a walk. Trading isn’t going to make your day better. Have the discipline to trade less, not more. + +(9) Read more. Do you even know what you are investing in? Know everything about your stocks. For 30+ years now all information ever published is at your fingertips. Yet, most of you won’t bother doing your own research. Readings someone else’s pitch (or article) can help you get started. But go read the 10-K. Read industry data. Twitter and message boards are full of morons with pump and dump agendas. Do basic research yourself. Do people like working there? How can that company make more money? Betting on companies is a very different mindset than just betting on tickers. Bet on companies. + +(10) What can you learn about a company that (practically) no one else knows. Make a thesis. Will Facebook be successful on mobile? Can Microsoft move its massive enterprise software business to the cloud? Can RiteAid compete with online pharmacies? Can Google close it’s acquisition of FitBit? + +(11) Investor Relations doesn’t care about your cost basis or the number of shares that you own. They don’t. Management says they respect investors — but they mostly don’t give a shit. Jeff Bezos carves out 6 hours a year to talk to investors — just to be polite. Management teams are trying to run a complex enterprise, with major human capital issues. Most management teams are incentivized to build value over eternity. They don’t give a shit about your time horizon. Most care about themselves first, employees second, customers third, suppliers fourth, partners fifth, the community sixth, and investors last. There’s very little that a company can do to affect share price in the short term. + +(12) Add to your winners. Don’t double down on losers, double up on winners. + +(13) Find stocks that aren’t always in the headlines. Headlines lead to redlines. If the story is in the news, you are probably too late (for now). Buying a stock isn’t like lining up to buy one of a limited number of holiday cakes. There’s always more stock. Wait until the news cycle forgets about the stock and then consider buying. Do research first. + +(14) If you can’t sleep at night because you own a stock, you should NOT own that stock. Stocks don’t cuddle. They are like a brutally honest toddler with mood swings and basic needs. Overtime they might grow into a good adult but keep your expectations inline. It’s a long road to adulthood. + +(15) Lastly, what do you want the future to look like. Get off the of the news cycle and quarterly earnings game. Go find stocks that are FOCUSED on being massively better and more important in 5+ years. Price targets for these types of companies are bullshit. They always have been and they always will be. You’ll be amazed by what focused teams — motivated by making a better world — can achieve. The stock price simply weighs this impact — it doesn’t mean you a genius. You didn’t do the science. Be humble and donate some to charity and help the impoverished, because you were just a spectator holding shares. + +TLDR: u/BeardlessPete is a moron. Don’t lose money by being an idiot. Know if you are smart or lucky. Be patient. Be humble. Be kind. +Apes, we have Murphy's law at work on our side this time! At least you all do. I've been excited for this bucket list fishing trip in Alaska, and all of a sudden the stonk price jumps. WTF? + +If it's gonna happen, by Murphys law, it will start toward the beginning of next week. I know, apes don't do dates, but i will be out halibut fishing with no cell service, so be mindful that this would be the perfect time for fate to fuck this old Silverback. + +Either way, i was planning to hold, so I will fuck fate right back. And some hedgies too! + +See you on the moon! YET MORE STELLAR CONFIRMATION BIAS! +What if the forming of GMERICA is more like how Google got restructured? + +It created ABC as the parent, all encompassing, company and then restructured Google underneath it to focus on search and ads, with other brands also shifting under ABC (like Waze and Nest, etc). + +If RC were to create GMERICA, then he could be opening up the play book to... well... anything! + +He could dedicate his core focus on delighting customers in all the areas they are passionate about, like Chewy. Hell, with all the money Gamestop is about to make, he might just REBUY Chewy and put it under GMERICA. Unlikely, but still an option. + +The it will be back to his game plan on keeping his cards close to his chest and occasionally disrupting an industry ripe with dissatisfied but passionate customers with a new GMERICA brand, perhaps making use of the existing and expanding logistics and customer service team he already has before branching off entirely. + +Can you imagine how nervous corporate America would be if Ryan Cohen, the newly minted richest man on earth, started casually muscling his way into their turf (they spent decades building) with a swath of incredibly wealthy, incredibly loyal ape customers? And if the apes are as community focused as many claim to be, if they endorse a company as one that won't screw them, then they will hold incredible sway over the existing market that RC is now disrupting. + +One of the hardest part of building a business is finding customers. RC focused on delighting customers and loyalty. He can bring his own customers WITH him. + +BOOM. + +TLDR: What if Ryan Cohen is already sure of his success with Gamestop and is already building the infrastructure for his NEXT explosive move? GMERICA would be the parent company like so: + + +1) GMERICA +A) Gamestop (people love games) +B) Chewy (people love their pets) +C) Some new brand that has a passionate customer base +D) RyanCohenFucks (people love Ryan Cohen) + +Original post and comment here where I thought of this: [https://www.reddit.com/r/Superstonk/comments/pe7w16/gmerica\_is\_a\_direct\_competitor\_to\_amazon\_gmerica/hawvz50?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pe7w16/gmerica_is_a_direct_competitor_to_amazon_gmerica/hawvz50?utm_source=share&utm_medium=web2x&context=3) +Just got an email from ledger stating that there were 272,000 people who had their addresses leaked. + +Unbelievable and unacceptable. There needs to be a class action lawsuit. + +They also hid the fact that there were so many physical addresses leaked. + +Edit: they originally claimed 9,500. Not far off in the grander scheme of things. +I am employed by a bank and was required to open an account with them and have my money direct deposited into said account when I started this job. + +I just recently opened a new account at a different bank with my wife and am looking to change my direct deposit to that new banking account. + +I spoke with my HR department/payroll today and they denied my request to change the direct deposit and said it was not permitted for me to change the direct deposit to another bank. I asked for any form of documentation of why it was not permitted to change the direct deposit, they said there was not any form of documentation but even that is not a written policy it is instead just a company practice. + +I don't believe that I can be stuck having my direct deposit only being directed one place, and I don't believe I can be forced if it is just a practice. Is there anything I can do in regards to this or am I actually stuck? + + +Good, Bad, or Indifferent? + +I have known about FIRE since 2011/2012...I discovered MMM's website around 2012. Far before any of this stuff became "Mainstream." I also had an account on here before this one. + +Anyhow, this forum went from being a small subreddit where I recognized the majority of users. Additionally, incomes were much smaller and almost everyone was into some form of minimalism, frugality, etc. With the growth, we of course, have people here with large incomes and to me the "build the life you want" thread ushered in a new era (I'm not saying it is a bad thing; just highlighting the change). Savings rates were much more "hardcore" back in the day. + +Now I'm seeing FIRE documentaries, multiple blogs, regular articles on NY Times, and the like. The landscape has certainly changed and it feels weird to me sometimes. I have seen good things about FIRE like the dude on bbc.com that was renting our rooms in his home to the annoying Suze Orman. + +For me, my secret club got discovered lol and I'm still gathering my thoughts on how I feel about it. I think it is good thing in the long-run though. For society as a whole especially. +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. + +Hey guys, I've been reading a lot into the laws, rulings and filings. + +I've had this theory since last year that gamestop was going to go OTC to a blockchain exchange. I had done a simple writeup about that, can see it on my user profile. + +But I had an interesting discovery.. + +We all know that through a brokerage, we become beneficial owners, and the broker/dealer/custodian are the institutions, and the master securityholder is cede n co, as the dtcc's nominee. When one chooses to direct register, they become shareholders of record, as confirmed by computershare directly this morning. + +https://preview.redd.it/bq8secgg7k0a1.png?width=666&format=png&auto=webp&s=231796d248cb2cf86c8e3bfd1ea683ffa15ff370 + +Now the only reason that really becomes relevant to what I predicted would happen last year, is the filings for delisting a company show a fairly simple list of requirements to be able to delist. which would be a desired result if the markets have proven not functioning as intended or evidence of unfair competition.. + +some snips from [investopedia page on sec-form-15](https://www.investopedia.com/terms/s/sec-form-15.asp#citation-1) + +https://preview.redd.it/x62yq1ds7k0a1.png?width=1204&format=png&auto=webp&s=dc3713d6da5478832f7ee3e0f05e38a8fdd401be + +So, if a company with more than 300 stockholders of record wanted to go dark, it would be prevented from delisting using 15-2b then, correct? + +which would mean delistment would have to fall under a 15-2g being filed according to this next snip. + +https://preview.redd.it/8qqho8at7k0a1.png?width=1148&format=png&auto=webp&s=663c3c010b6d314906684a6ef467edbfb5f341ee + +So that says right there where to look into the filings to understand requirements to pull out of a market that is corrupt, or if you want to merge and delist, or something cool. maybe a reverse split? ;) + +There were changes to those requirements however, and it was updated in 2016 by the gensler. + +that can be found here : [https://www.sec.gov/info/smallbus/secg/jobs-act-section-12g-small-business-compliance-guide](https://www.sec.gov/info/smallbus/secg/jobs-act-section-12g-small-business-compliance-guide) + +https://preview.redd.it/bt82h24d8k0a1.png?width=1210&format=png&auto=webp&s=9bcdf2c9ca030bd1fea424217681e291151b207b + +they changed the rules. so since we have over 2000 stockholders of record into certain companies, they are unable to delist using a 15-12g as well. + +I would also like to note, [\#GME](https://twitter.com/hashtag/GME?src=hashtag_click) owns all subsidiaries, after march we have no open bond offerings , and the stock offering plan ias allowed and not counted as stockholders of record. +Edit> insert (if assets were under 10m for 3 years also), delistment preparation is there except for what i showed above. + +So with sharing these findings, the idea is only to share data, as to how it correlates to the unfair markets, the systemic problems we are facing, and the ability of gamestop to go private, or to move to a more transparent market structure, like blockchain. + +I put this as possible dd as to help it not be removed, and start healthy discussion. Please make this a discussion, not an argument or a debate. The division must end for gamestop to succeed. + +the edit> i had misread the 10k. I think i'm doing okay for as restarded as I am, but had made accounting mistakes when looking at all this. will put verified numers shortly. removed for factual statements :) + +knowledge is power + +power to the players + +ASBT +I [maintain ](https://medium.com/@tylerjewell/a-derivative-trading-method-for-long-term-consistent-market-beating-returns-d0d17aceb9ca)a paper that overviews my trading technique which has yielded 18.1% CAGR over 9 years, and was >20% prior to making a silly mistake in 2017. The development of the system was done out of necessity in 2010 when I had become ill, but over time has turned into a hobby. As such, as with all hobbyists, it's great to share your efforts for discussion and growth. + +I periodically update the paper and publish it for feedback. Over the years, gathering community feedback has helped refine the many techniques within the paper and to also hunt out potential wipe out risk scenarios, especially vega risk, which is not talked about nearly enough! + +I don't mind sharing these techniques - I am an open source software advocate, which experiences have ingrained a pay-it-forward sensibility. The intangible benefits of helping others outweighs the risk to any alpha such a strategy may have. + +This is not the first time that this has been shared. Over the years, have discussed the concepts extensively in various options trading forums and with experts, to help de-risk certain concepts. It's been fun to help educate others on how the system works and to see some also learn a new way to generate income. Some of my friends trade this approach. + +Happy to address questions. If there are areas of coverage that should be added, I will keep a running list for sections to be drafted for the next time I do a refresh, such as what happened yesterday where I found myself with 3 hours, a great cup of tea, and working through EOY organizing of the trading accounts. +A split is coming in July 20th which might bring new retail investors in since it would be a more affordable stock. Second, with the whole Crypto boom going down, GPUs are becoming cheaper which will be easily bought by gamers. I myself am one of them and with prices going down, I know lots of gamers will take advantage to buy them. +I work two jobs one from 6am to 3pm and another from 3:30~ to anywhere from 6-10pm. I haven't had a day off in over a month and I'm so tired. I finally have my birthday coming up which I have off for but then that's it, I work everyday and when I go into work tired in the morning I look it and always get comments "you're too young to be tired" "when I was your age I worked two jobs and raised a kid you have no excuse" I have health issues but even if I didn't I have every right to be tired it's my body!! And the people saying this I guarantee we're tired too when they were young but they just don't remember how it feels. The comments exhaust me even more and I just want it to stop. I work 75-80 hour weeks I think I'm allowed to be a bit tired. (I don't work both jobs everyday I have off 2 days a week from the first and 1-2 days off the second one they just never overlap). +It grates me to read comments about how company x (usually Satoshi Dice) is spamming the blockchain. + +The blockchain cannot be spammed. Transactions are transactions and all are equal, regardless of sender, receivers or amounts. + +We cannot dictate the use-cases for Bitcoin. We should not set rules for what kind of transactions are to be encouraged or discouraged. + +Bitcoin is all about openness, transparency, collaboration. We encourage adoption from all sides. + +Marginalising certain use-cases is short sighted and harmful. It needs to stop. + +We should harness and engender the concept of neutrality for Bitcoin. + +Long Live Bitcoin Neutrality. +Hey I’m an idiot. Bought 150 puts March 26 on Wednesday cuz I figured gme was going to keep shitting. Thursday came I was up a good chunk and decided to let the winner ride out.... then Thursday came and you apes went ape shit. I love game stop y’all I only bought puts for technical purposes. Ended up trying to average down as gme went above 150 on Thursday (huge mistake and broke my rule of adding to a loser.... long story short my account went from 36k down to 12k after spending all month grinding to make 6 grand.... I’m so fucking devastated. We are in the process of buying a house, I lost my job, and then this happened. I know I should have cut losses quicker I just couldn’t believe my eyes watching gme moon like it did I had a feeling it would hault down or something.... just needed a place to vent.... Don’t really know what to do from here but day trading is on pause.... any empathy post with relatable stories would be nice.... +After reading this subreddit for a while, I have realized how dangerous trading sounds. + +**Most of the subreddit is like below:** + +People go bankrupt, + +backtestings are never enough, 300 backtest, 500 fronttest, + + Trading is so hard, + +Crypto will make you go bankrupt, + +Leverage is dangerous, + +Only %1 of the account (even then you can fail) + +Trading stories who go bankrupt and make money after 5 years of trading + +**After all these posts, I am afraid to risk even 1 dollar trading crypto even though I have a planned reward risk ratio stoplosses etc. Does it all even worth it to learn trading? All I want is financial freedom. Or people exaggerate this being so hard?** +Currently global wealth distribution looks like this: + +Top 1% holds 41% of all wealth + +Next 8% holds 42% of all wealth + +Next 23% holds 14% of all wealth + +Bottom 68% holds 3% of all wealth + +If bitcoin were to be distributed in the same way this is how much btc each of those groups would own (assuming a population of 8 billion people). + +Top 1% would own 8,610,000 btc +(0.1076 btc per person) + +Next 8% would own 8,820,000 btc +(0.0137 btc per person) + +Next 23% would own 2,940,000 btc +(0.0015 btc per person) + +Bottom 68% would own 630,000 btc +(0.0001 btc per person) + +Owning 0.1 btc ($5,500 today) would put you in the top 1% of the global population should bitcoin become used as a global reserve currency. + +We are still so early! +Raising my long term price target on RKLB to $70. The more research I do on this company, the more I think it can go to $70-$100 within a few years. That’s a $30-$40 billion valuation by then. I really think that is possible given how the value premium attached to a successful launch track record is shaping up now and that Rocket Lab is diversifying into other aspects of space and not just launch. + +$30-$40 billion is still going to be a fraction of what SpaceX (valued at $100 billion privately and likely would be $150 billion to $200 billion if they were public) already is right now. And yes SpaceX has Starlink, but they won’t be allowed to have a monopoly and RKLB will serve customers that are competitors to Starlink at the very least even if they don’t do their own internet service. There’s so many possibilities here and they have plenty of capital and sources of funding to work with already. + +Having early mover advantage is huge in the space sector and they’re in as good a position as possible to benefit from this and expand their capital base and operations. Neutron, the new launchpad in the eastern US, and the expansion into satellite systems will be huge factors. This might take years to play out but I don’t mind being even more patient and potentially paying the lower long term capital gains rate on profits if it works out. So RKLB to $70 is my new PT!!! It’s an investment, not a trade! (Not financial advice, just my opinion) +Me and my partner are planning on moving out of our parents houses and getting our own place in/around central Birmingham. We're currently weighing up our options and we've already completely ruled out the possibility of renting. Our two main options seem to be either saving up money into a Help To Buy ISA for the next year or committing to the Help To Buy Scheme loan. + +With regards to the Help To Buy ISA, am i right in thinking that I can only put in £200 a month? So including the initial £1000 deposit this means the most I can actually get out of the ISA within 1 year is £3,400 + 25% = £4,250. I guess there's nothing actually stopping my partner from doing the same so if she opened up an ISA too then we'd receive £8,500 to put towards our first mortgage or does the policy prevent us both from putting separate ISAs towards our first property? If I can pay more into the ISA per month then I would love to but the way I understand it is that £200 is the max amount. + +I'm finding it much more difficult to wrap my head around the Help To Buy scheme. My understanding is that if we wanted to buy a £180,000 new build property using the scheme then we would first need a 5% deposit (£9,000) and we would receive a 20% loan for our deposit (£36,000). This deposit would need to be paid off within the first 5 years after which point we would start paying interest. Let's say for example we're paying £800 a month for our mortgage already. To be able to pay off the 20% loan within 5 years this means we would have to put a steady £600 away every month otherwise we risk gaining interest for not paying it off in time. Ultimately meaning that we would be paying about £1,400 a month on our property for the first 5 years. I struggle to see how the scheme is even slightly advantageous based on the above so I'm hoping my understanding is wrong. + +This is all very new to me and I've tried to do my research. Nothing seems to make clear sense hence why I've come to this subreddit for advice. Thanks in advance guys. +Hi everyone, 27M, going to be moving out soon, will be living in West Yorkshire with my gf. Take home pay is £1700, probably will move closer to around £1900/2000 next year. + +Rent - £600 + + +Council tax - £100 + + +Bills (energy and water) - £200 + + +Petrol - £80 + + +Car (insurance and costs)- £100 +(Insurance is £800 for the year) + + +Wifi and phone - £50 + + +Food and home shopping - £400 + + +Investment - £100 + + +Charity - £20 + + +Misc/gifts/self purchases - £50 + + +Food is £400 to factor in the odd date night out and the fact we buy organic meat, i can hold back on luxury purchases to then be able to spend extra on my health and diet (money includes vitamins too) + +Bills are £200 to factor in current crazy prices with possibility of them rising in October + +The rent figure can’t really change as we would be renting our own flat or house for privacy and from what I’ve seen on rightmove £600 is what will be required. + +Wanted thoughts on if this budget is reasonable and if I’ve missed anything? + +Partner will most likely contribute a few hundred a month, but its not something i want to rely on atm. This will allow me to save £300/£400 when they start work. + +Thanks in advance! +Every day people post insane massive losses. Some gamble away their mortgages, their rent, their children’s’ future, their entire savings, everything. How has life changed for you guys? What did your family say? +As the title says, is 2 weeks worth of salary too much for rent? I earn approx $3k a month (after tax), sometimes more, sometimes a little less. I live in Australia, rather high cost of living. This place is abou $1500 a month. I originally didn't want to spend this much on rent, but I found a place that is absolutely perfect. Right near the city, beautiful views, pool, gym, spacious. I can afford it, and it won't put me out of pocket or make me starve, but it won't let me save all that much. Which, tbh, I don't mind too much. I am 22 and currently have around $5k savings. Decent paying job and full time at uni. Just want to know all your thoughts on whether I am letting my adoration for this apartment cloud my judgement, or if you think this is a reasonable price to pay for the luxury and the lifestyle? I am currently paying $1200 a month quite easily but nowhere near as nice and further out from the city. Cheers. + +edit: thanks heaps everyone! It has been super helpful. To save myself clarifying to many comments, I would just like to add some things that I may have left out. +I would not need to buy any new furniture, I already have everything I need. I currently live alone in a 1 bedroom apartment about 30 mins out of the city and really enjoy it. My monthly expense are around $50 for power and gas, $95 phone bill, $80 Internet, water is practically free, $50-60 for other minor subscriptions, no car repayments, I pay my car insurance yearly it is about $1k. My job is very secure also very flexible. If I was ever short of money I have the ability to work more hours practically whenever I choose. It has a massive staff restaurant that allows me to eat for free twice a day 4-5 days a week. Gym membership is currently $56 which would be eliminated if I take this place. I would save costs of $120-150 on fuel by moving to this apartment. I have literally just been approved for this place and now have ~10 days to decide if I want to take it. +Hi all, I am 24 and my partner and I are looking to buy a house this year. We have approximately 70k saved for a deposit and including this could afford a property in the region of 350k. + +In the areas we are looking for 350k we could stretch to a 3/4 bed detached house which we wouldn't foresee 'growing' out of, however it would mean maxing out the mortgage and high monthky payments. Or for 250k we could get a 2/3 bed semi which would be perfectly reasonable for now especially as a first house but will never be the 'dream'. + +Now I know this is down to personal opinion but wanted to hear other people's experience. Maxed out mortgage and regretted being financially burdened? Got your dream house and don't regret it for a minute? + +Thanks in advance! + + +My partner and I have recently got engaged. I'm interested to know how you worked your finances out once you were married? At present, we split everything down the middle and just put the bills onto the joint account and pay that money. + +I'm wondering if this is how married couples continue to work out their finances or if you put everything into one pot etc.? Do you have joint savings, separate savings or both? +I have no brothers and sisters and my parents never married so I am the next of kin. My aunt is sending me threatening messages about having a right to his car, bank account, and belongings in his storage garage. We are in Tennessee and I believe by state law, if we find out there wasn't a will, everything would go to me. + +What actions can I take now to protect myself against the aunt meddling in all of this? + +Second question: I believe Dad had medical debts and I wanted to take some action to make sure his money isn't drawn from his bank account or whatever. I don't have any idea what to do. + +He worked at Walmart and I have to go there today and find out about policies I guess. This is all completely new to me and I am overwhelmed but need to act fast. Any help you can offer would be appreciated. We are working on getting the death certificates now. +Here's a thought experiment. + +Say you're living comfortably and buying everything you want, within reason. You're spending extravagantly on the things that give you pleasure (nice car, video games, domestic travel), and mercilessly cutting costs on pointless spending that don't bring you enjoyment (no expensive house/condo, international vacations, tons of children). By doing this, you're able to save 40-50% of your income and are on the path to FIRE within 8-10yrs. + +So let's suppose you're doing the above, and then suddenly your income doubles, or I don't know maybe it triples. At what point would you spend more? And if you do spend more, how would you decide what to spend money on? Would you simply move up your FIRE date? What if you don't want to fully retire and do more of a barista FIRE? + +My situation: + +In the past couple years, I've basically decided that I don't want to fully retire. The closer I get to FIRE, the more the idea seems boring to me. I am pretty sure I would be unmotivated and I fear that my brain would rot and I would lose mental acuity. But at the same time, my salary and earning potential has crept up from where I had been able to retire at 40, but maybe that number is closer to 35 now. Instead of retiring, I think that I would probably get a barista FIRE job (public service job, non-profit, or stay in my current career and work part time 20hrs a week). Alternatively, I could just spend more, and keep my FIRE date target of 40. The thing is, I don't absolutely hate my job as is. I'm pretty much fine working 40-50hr weeks though my 30s. + +Even if I work part-time in my career field, I think I could still have a savings rate of about 30%. I would be fine doing this until I'm 60, but even that would leave me with too much savings. I feel like if I don't actually retire between 35-40, I'm at a real risk of over saving. Should I look into fat FIRE (not really sure what that is). + +TLDR; + +You can't take the money with you to the grave. So what should you do with it? +As a manager, my plan was always to provide enough heads up for a replacement to be found or trained. It was going to be 6 months. But after a few quarters of "where do you see your self in 2 years" questions during our career growth conversations, I had to tell them that I wouldn't be working for them anymore. The official excuse is not FIRE though, my kids will be entering elementary in a different, LowerCOL city closer to family. + +Given how this is a very caring environment, we discussed alternatives to me leaving such as becoming a programmer again and working remotely. Such a long heads up would leave enough time for me to train on the new position before going remote. But that's not FIREing, so I said I'd rather stay in management. Which is true at least until I FIRE. But managing remotely is not an option, therefore I essentially gave them 18 months notice. We'll focus my career growth on skills that could be useful to start a new company instead. + +It's a risky move that goes against the general guideline of providing 2 weeks notice and nothing more. My biggest concern is that they could stop raising my compensation but I pretty much hit the max for my level anyway. They could also be done sooner with the transition and fire me but that's not in the company culture. It all depends on the people above you and the trust you built with them. + +Any other similar stories or things I should watch for? + + +https://twitter.com/OverstockCEO/status/421682424976654336 + +OSTK hasn't reacted much, but was up over 1 point after announcing the go-live yesterday, and subsequently down almost almost 3 points today. + +I'm interested in opinions on if the Bitcoin go-live news has affected investors in their stock, and if so, how are they viewing it? +I am thinking of using oanda's trading platform for trading forex. I like the idea that you can set up some code in the demo account, and roll it over into a real account when ready. + +Question: Does anyone have any experience with oanda and implementing some of your own code, if so what has your experience been? Also, what language would you recommend? I have written a good deal of bash, perl, python, and know some C++. I am open to learning a new language, but if I am going to spend the time to learn one, I would like some advice on which would be worth the time. +While I've never traded live before and still consider myself a total newbie, I've read plenty of books related to trading and forex in particular and have been demo trading for almost 6 monts both with mt4 and cTrader (and made a couple EAs and algos, since I have a CS background). I've blown more demo accounts than I can remember... + +From what I read (and feel free to correct me if I'm wrong) there are only two things you need in order to make it in forex: solid money management and a trading strategy with an edge. + +The only thing I couldn't find yet on any book is: **How do you develop such a trading strategy?** + +I don't want to know the secret sauce (when to go long or short), just the reasoning behind those strategies whether they're profitable or not. +Is it just trial and error? +*Let's try to buy EURUSD when price goes above SMA14 on M15... (Backtests over a period of two years. Blows account.) Well, it didn't work. How about trying with H1?... (Back to backtesting...)* + +Or is it that eventually you develop some kind of intuition about how markets are behaving and some things might work better that others? And just try those until it works? (Purposely leaving aside the discussion about the amount of backtesting you feel comfortable with before going live. I believe that deserves a thread on it's own) + +I'd love to hear from both technical and fundamental traders. + +**UPDATE:** A couple of days after posting this question, I came across a series of articles that describe one possible way to approach the development of a trading system: + +[Build Better Strategies!](http://www.financial-hacker.com/build-better-strategies/) + +[Build Better Strategies! Part 2: Model-Based Systems](http://www.financial-hacker.com/build-better-strategies-part-2-model-based-systems/) + +[Build Better Strategies! Part 3: The Development Process](http://www.financial-hacker.com/build-better-strategies-part-3-the-development-process/) +This post is an attempt to contribute abit to the FX reddit community. + +Lurking around FX and trading forums. I noticed alot of people saying things like *"EU is going up!"* or *"shorted xxxyyy TP: 1.3 SL: 1.4"* + +When asked about why they enter into a trade, most fumble in their replies. + +I would like to pose the following questions out here: +* Why do you really enter into a trade? Do you really think prices will go a certain direction? Why so? +* How confident are you of your trade rationale? + +The reason I ask is to raise the awareness that most of us just aren't thinking before we enter a trade! We trade just because we want in on some action! + +Ask yourself, is there some sort of logic or rationale behind your trade? Or is it simply due to "gut feelings"? How confident are you of your trade? Why are you entering trades which you are not very confident of? + +IMO by asking yourself the above 2 simple questions, it will help you avoid alot of uneccessary trades! + +Do share what are the considerations before entering your trades! +As the saying goes: *Fail to Plan, Plan to Fail"* +This month, I’m up 15R, which equates to 7.5% on my account, total of 10 trades. As always, room to improve. + +**Best trade:** [https://www.tradingview.com/x/huzUPqZ7/](https://www.tradingview.com/x/huzUPqZ7/) **6R** + +**What went well?** + +\-Good trade, taken according to plan + +\-Nice confluence of breaking out the morning’s range (12:40) + +**What could've gone better?** + +\-This wasn’t necessarily a clean setup, but still in the plan, as I said + +**Worst trade:** [https://s3.tradingview.com/snapshots/5/50K2J2xb.png](https://s3.tradingview.com/snapshots/5/50K2J2xb.png) **-1R** + +**What went well?** + +\-Realistically, it wasn’t to plan + +**What could've gone better?** + +\-I missed the original entry so set a limit on it, that's not how I usually work-I didn’t check the economic calendar, USA GDP came out. I’m not trading the news…-Overall amateur trade, of FOMO, and not properly preparing for the session + +**The months stats:** + +[Monthly stats](https://preview.redd.it/pt3n8sxmpiw61.png?width=915&format=png&auto=webp&s=3925d0d849b15f774a5ec2a3cbaae74efbaca67d) + +[Trade history](https://preview.redd.it/93y0dgfppiw61.png?width=907&format=png&auto=webp&s=e1d2c8ef5bfb64d9bd995913c140d5bad7eb2aff) + +**FTMO** ^(Hi automod) + +I’m considering FTMO. Here’s a rundown of my thoughts:+I’ve ended in profit past two months, with maximum drawdown of 4.5% since March 1st+I’ve now got a lot more free time than last month to dedicate to trading+My strategy is performing, 100 trades and Profit Factor is 1.45 right now, that is improving+Although I have a small trading account, I’m a good saver and if I failed, I could afford to lose the $150 + +\-I’m still a beginner. I cannot overlook those stupid losers, with ametuer reasons such as:thinking ‘1 trade and I end the month up 10%!’, and not checking the news. Would the first issue be bigger when the FTMO 10% target is there?-The psychology of FTMO is not talked about. Does it exist? How bad is it? 0.5% drawdown and you are fearing for the trial fee. Not sure...-I’m unsure of risk per trade too. If I risked 1% per trade, I would’ve made \~16% this month (my personal account does not have enough leverage for this.) + +In general, I’m often too cautious. This means my issue is that I can’t tell the difference between being unnecessarily cautious vs overconfidence. Yes it is important to dwell on mistakes, but the flip side is that it is important to move on and progress in your journey. + +Thanks for the read! Please, any feedback would be appreciated and I'll try my best to answer any questions you may have :) +Is there a phrase or special term to describe micro-trading? + +For example, I stumbled upon this strategy of buying/selling 0.01 lot orders on one asset at a time such as EUR/USD. You can collect pips with 100% win rate as long as you don't use a stop loss or blow the account. + +So, by using an account size of roughly $5,000 you can place 0.01 lot orders to make an average of $0.75 per trade which might not seem like a alot but it tends to add up over time. I often use 0.01 lot orders multiple times for any given set up to have a good cost average. So, in reality I will use roughly 0.10 lots for any given set up but divide it into 0.01 lot orders to get the best price. Then wait until the trade is in profit to close it out. You can then increase your lot size or simply buy more once your account grows but for some reason using 0.01 lot orders for small accounts without a stop loss with a relativeky large account so that 0.01 lot is not above 1% of the portfolio can be very profitable rather quickly. + +I was able to grow a practice account from $20,000 to $20,450 within 3 weeks by utilizing this method described above. + +I think some institutions trade this way. + +(So, theoretically you will just blow your account and not owe any extra money). +I have a Reuters Eikon account through work, but I'm not sure if it has any value for forex/commodities traders. Those things are extremely expensive too, I think we are paying around $20k annually for this. Am I missing something? + +&#x200B; + +PS> For those who don't know it, Eikon is Reuters' equivalent of a Bloomberg terminal. +I'll be honest. I revenge traded 10 times the lot size and almost every single loss and I've gotten money back + extra $$. + +I know I know it's bad, and some day I will lose my account, so before this gets out of hand. + +How can I look at it when I lose? I know win some lose some all that. + +But what's your perspective of looking at it? I know I'll eventually make money with my strategy. Maybe I need more discipline, definitely. +Hey /r/Forex! +So as most of us know, the BREXIT vote is coming soon and prices are going to go into a tizzy. Are you going to be watching from the sidelines? Are you going all in? +1. Is your broker raising margin requirements and lowering leverage? +2. If your surfing the storm, what position are you taking and why? +3. Have you been able to predict price action accurately leading up to the vote? +4. To my British Brethren: Whats up! +5. Have you found any great analysis or articles to help fellow traders better understand how currency pairs will be affected both ways? + +I look forward to reading everyone's thoughts! Remember, $$$ Management! Good Luck! + +I dont understand why people say Forex is net sum, as in 1 person makes 100k another looses 100k...... Forex is full of huge companies who need to repatriate money, long term investors who are moving money to buy real estate or re-repatriate profits, countries adjusting their Forex holdings for government reasons. and lots of others who arnt in the market trading for profit just moving money trying to get the best price they can in their specific time frame. I would think.....Also even with the people who are traders, you dont what time frame they are trading on, you could be trading for weekly profit or daily, while the other side has a bank who is holding for months....and there for neither side lost or won for that matter.....or they could be exiting while your entering and both people make profit. +I'm sure it's been hit on before but I'd like the collective Reddit forex minds to assist again. + +I love forex, I love trading, I've got a good strategy. As for computer and coding I know next to nothing. So my questions is, how hard would it be to get an algorithm (on mt4) to act upon parameters like CCI on daily chart above "x" level then looking for CCI crossover. Which then allows it to look for adx signals on a 4hr chart. How hard would this realistically be and does anyone have a link or guide (in depth, very in depth) to do it through MT4. +Thanks for the help. +I was trading forex since 2018 in high school, lost all my money like 20gs back then on blown accounts and lost prop firms challenges because of ignorance, impatience, lack of strategy and disregard for risk management, got really depressed and I swore I would never trade forex all together. I was doing crypto and some stocks, made money and got out so I wasn't away from charts completely. + +Now I started back in forex with demo accounts about 3 month ago cause it has and always will be where I want to find success and I could now acknowledge it was my fault I lost, I let the market beat the shit out of me and quit like a bitch when I should have focused on learning how to trade properly. From my experience I have a solid understanding of technical analysis, patterns, and from the last 3 months I have been beating risk management and the importance of incorporating it into a strategy in my head, but now I don't know what direction to go in when it comes to actual trading. + +At the moment I am trying to develop an algorithm like strategy with downloaded indicators and trading the daily chart to catch long trends with small lots but I don't know how I feel about it. I like the concept of indicators because they allow you to trade based on a system that must agree for you to trade and removes a lot of emotion and when backtesting no doubt they work much better on the daily chart. + +At the same time they miss so many opportunities and when the market starts swinging in a range on the daily they give so many delayed signals on the swing that end up as losses. I would want to incorporate price action trading into a strategy but I don't understand how you backtest it. I don't know what to do Im conflicted between continuing to work on my current strategy and just improve it with better indicators or If I should try a new approach. Just looking for advice from successful traders who maybe have been in the position I am right now and could help guide me. Appreciate anyone who took the time to read this +As a novice trader, I feel overwhelmed at times about how cut throat forex markets can be and the sheer amount of information that I have to juggle in my mind when making decisions. I still have the drive to continue to learn and get better but I just want to ask more experienced traders if they feel rewarded both financially but mainly, emotionally over their forex careers? +There are a lot of prop firms out there... Of course they all have their pros and cons. But if you could design a prop firm to join what features would you want to see? What don't you like about the prop firms that are out there that you may have explored already? + +One of my hats is working with a prop firm and I coach and mentor our traders. I'm always interested in seeing what the industry can do better and were the room for improvement lies. + +Thanks r/Forex! +Let us be fair, I have had my fair share of controversy and I thought fuck it I have handled it well I think, the uptake of this has been phenomenal. There are always going to be those that complain and I have choice to ignore them, I am doing a nice thing here. There are some happy users out there, I have had some feedback, Good and Bad. So, I have included in my latest improvements the following. Rather than answer the hundreds of PM's and chats I get a day. I thought I will release the code. Once again, See this thread for the background. + +[https://www.reddit.com/r/Forex/comments/8j2yu6/follow\_up\_apology\_and\_explanation\_to\_rforex\_for/](https://www.reddit.com/r/Forex/comments/8j2yu6/follow_up_apology_and_explanation_to_rforex_for/) + +* Added two standard deviations for both BUY and SELL to figure out strong trend. +* Changed to £1/pt \(pip\) helpful for small account balances \(Good for n00bs\) +* Added a disclaimer, You know because ...Flack +* Fixed a "bug" where it would throw an error about exceeding the number of API calls, This happened when there was no major markets open according to my calculations for example Germany opens at 9am their time, Rather than 8am. +* Tidied up the code, Removed some superfluous comments etc. +* use theilslopes instead of linregress. + +***The Theil–Sen estimator is more robust than the least\-squares estimator because it is much less sensitive to outliers. This estimator can be computed efficiently, and is insensitive to outliers. It can be significantly more accurate than non\-robust simple linear regression for skewed and heteroskedastic data, and competes well against non\-robust least squares even for normally distributed data in terms of statistical power. It has been called "the most popular nonparametric technique for estimating a linear trend"*** + +From the analysis I have done with the graphs, this produces a much better fit. + +*That said, I WILL not be giving support on a 1 \- 1 basis, ask here, Ask IG. Please don’t message me, I like the messages but I simply do NOT have the time to help you all on an individual basis especially when people have not done their research first.* + +There are a number of users here who have crafted this to work with CFD's, this is more a regulation things i.e. Not allowing spread betting in their respective locale. Not much I can do about that. However, that said, some users have found a way of making this work. Sniff them out. + +Once again, Thank you for your support! + +[LATEST CODE ON PASTEBIN](https://pastebin.com/CZ7Pqr5n) +I have a weird love/hate relationship with smc, which I would like to share. How are you experiencing smc? + +The reason why I don’t like Smart Money Concepts are: + +1. because of the way it is presented/explained by people who, in their turn, consumed it from some ‘’secret’’ unknown source. +2. because of the lack of clarity/consensus and logic. There probably is some reasoning behind it, but the way it is presented by ‘’not financial advisors’’/blogs/books really lacks proper clarification. The holes in those theories are filled with even more unclarified abstract words like ‘’mitigation’’, ‘’invalidation’’, ‘’points of interest’’, ‘’refill’’. Those words probably have their meaning and place for some people, but the way they are used by most content creators really does not make any sense to me. Clarifying concepts with unclarified sub-concepts leads to nothing.The problem is that people take a smc concept, project their tealeave-like-assumptions on them without aswering or give explanation about the ‘’why’’ of these assumptions. In other words, they represent ‘’correlation’’ as high probability causation. Probably because it is hard to understand and does not suite their quick-small-bite-size-content format.I will give three examples. + +**Imbalance** + +When a huge move in price occurs, for whatever reason, it can occur that sell/buy orders does not get ‘filled’, meaning, find their opponent buyer/seller. + +*Investopedia explains it like this:Order imbalance is a situation resulting from an excess of buy or sell orders for a specific security on a trading exchange, making it impossible to match the orders of buyers and sellers. Then smc fanboys say, imbalanced price ranges ‘’very often’’ get filled for at least 50% (later in time), because ‘’the algoritm does not like this’’. This then is enough reason for them to trade these imbalances, meaning, speculate that price will come back to match the pricerange in which the imbalances accured.* + +Ok… well, no. Why does these ‘’very often’’ get filled? And why does it also not happen? This is the same like saying ‘’after a while price often moves in an opposite direction.’’ And what about the role of algorithms? + +**Order blocks** + +Order blocks/block trades are defined on investopedia as follows: + +*Users of block trades include large-scale portfolio managers and individual investors. Asset managers of large mutual funds, retirement funds, hedge funds, banks, and insurance companies take a longer-term view of markets when making investment decisions and take large positions in a stock once the decision is made. Large corporations that engage in a large stock buyback may also use block trading to execute their transactions. This type of market participant manages hundreds of millions to tens of billions of dollars. Available data show that approximately 20% of the trading volume on the NASDAQ is block trading.…All large-scale stock transactions have an optimal average price target set by the fund manager. Creating too much volatility may cause the price to trade away from the desired average price. Using block trades via block houses allows a fund manager to make the needed transactions in such a way that minimizes the impact on price volatility and achieves a better average price.* + +According to smc fans prices often ‘turn back’ to order blocks. And sometimes it breaks trough these blocks. There seems to be no concensus about the way how order blocks represents themselves to us on tape and how to trade them. Some say order blocks are formed in liquidity pools, outside of the market, which leaves no ability to spot/trade them in the first place. Some say order blocks are those controlled zones where the market go side-ways, the same as supply and demand zones. Some say order blocks are those big liquidity seeking legs up/down before a huge swing, also called ‘’the institutional candle’’. Because supply and demand zones almost always have multiple big liquidity seeking legs up and down and there really is no rational way to determine why the next big swing will be up or down, exept for the ‘’trend is you friend’’ axiom, this ‘’turn back to the institutional candle/order block’’ logic smells like tealeave logic to me. + +**Sacrificed capital** + +According to some smc fans institutional money use ‘’sacrificed capital’’ (the ‘’institutional candle’’, a bigger then average leg down/up, before a up/downswing) to seek liquidity for big priceswings. Meaning, in order to scavage enought buy/sell orders institutional money sometimes needs to push the price down/up, above/under the supply/demand zone. This sacrificed capital (for making the little up/down swing) stays as an open order, that later will be ‘’mitigated’’, meaning, break-even, after a planned swing.I’ve asked a question about this subject in another subreddit, see my profile. I find this interesting because it has some logic. But I wonder why those sacrificed orders are not closed immediately with a simple stoploss right under/above the buy order when the planned down/upswing is initiated. You find a few answers in the other subreddit (no links because of the risks a bot deletes this post). + +**Liquidity/stoploss hunting** + +Some say institutional money does not give a sh\*t about retail stoplosses.Some say institutional money needs retail stoplosses for liquidity.Again, no consensus. + +&#x200B; + +The reason why I like it is because the smc patterns are often visible in the chart. But that’s more confirmation bias candy than actual edge-enhancing Imo. +Hi, I recently just blew an account and it was due to a lack of trading rules and the inability to take a loss. My max loss per trade has been 1% which I absolutely could not accept - i sometimes moved my SL further down, to try and avoid the loss. Worked sometimes, often times didn't. With a 1% loss per trade 10 losing trades you would have violated the drawdown of the FTMO account anyways. + +I just wanted to know how y'all manage your risk? Heard some people use the ATR for it, multiplied by 1,5 or 2 and that's where their SL will be. Do y'all have any other ideas on how to put a good risk management strategy in place? +Shouldn’t say never, there are exceptions. But overall it’s a terrible idea to trade against the larger trend. + +Example, EUR/USD this week signaled it would move up for the rest of the week. This seemed like a rock solid trade. + +Only problem is the EUR\USD has been moving in a down trend since the beginning of the year. +I know of several traders who read this signal and are currently in a losing position or stopped out. + +The peaks in a downtrend should be your entry points, just as valleys in an uptrend should be your entry point. Consistent wins come from good risk management and solid entry and exit. + +TLDR: Don’t trade against the overall trend for a short timeframe trade. Use contrary signals to find a good entry point. +Hey, + +I have a very good entry strategy, so my entries are not a problem at all. But I don't exactly know when to close my profitable trade. It is very often the case that I close my trade too quickly. For example USDJPY this week. I closed it with 35 pips, but the trade went 70 pips more in my direction and on GBPCAD, I closed it with 40 pips but the trade went more than 100 pips in my direction. + +Does anyone have any tips? + +Below an example of my entry from the trade I took this week: + +[https://ibb.co/7j8JBj7](https://ibb.co/7j8JBj7) +Good day to all you experienced and inexperienced traders alike.. Pardon me for this extremely long post, and i thank you in advance for spending the time to read this. + +Basically.. I'm really passionate about Forex, not because of getting rich. But because i just love what Forex is and the ability to be well informed and stuff. For example.. it interests me how banks work, how monetary policy affects currencies and stuff.. I love the idea of being able to predict what is going to happen to a country/currency in the coming months and i love the thought of being informed about such stuff.. + +I come from a country where everyday is a 9-5 office job for majority of the country, in fact, Forex seems to be non-existent here (maybe its just me), its hard to find a mentor (because i know that it is important that one must learn live trading from a mentor to see his/her perspectives), but because only a minority (if it exists) does Forex.. its extremely hard to find a mentor.. Not only that.. There are 'courses' here that charge 4000USD for a single course which im pretty sure is just basic TA and FA that can be found on Youtube. + +The only thing i can teach myself is stuff that can be found online.. Mostly TA, i have spent time and time over again to practice, buying at supports, selling at resistance. Candlesticks pattern etc and never going against a trend.. I started demo trading last October and i just started live trading on January this year. In my first week, i started with a live account of 200USD and with TA alone, i made 310 USD in a week. I felt unstoppable, i felt confident and that i know Forex in and out. I figured that i could trade my lifetime relying on TA alone. The 2nd and 3rd week were all profits without a single loss, earning and earning, i grew my account from 200 to 850 in a matter of 3 weeks. Then, it went downhill. + +There was a week i cant remember, where i traded USD pairs and on that week, it was a really hectic week for USD as there were alot of news revolving it. (correct me if im wrong, which i think i am, it was the week where there was Trump's testimony or something like that, and then there was Theresa May's meeting with Trump and strengthening the pound) I took quite a hit of -120 dollars in total and because i didnt keep a journal then, i started to panic. Over the next few weeks, i tried to develop new TA analysis, usage of Bollinger Bands, MACD etc.. When i had profit, i was happy and thought 'this is the analysis that i will stick to', but when i had losing trades, i went on to tweak my methods. + +I think it was the ending of Feburary where i was lying on my bed and thinking, why dont i just trade like how i did on the first few weeks, since it ended in many correct trades. So i began using my method of trading in week 1-3. During that week, i had a little bit more profit than i had over the last couple of losing weeks. (my account was at 400 balance at this point in time) + +However, i was confused and sceptical to trade as i was really unsure.. Everytime i look at the charts, it was already either oversold or overbought on the RSI, and on the charts, a huge trend just took place and it was nearing either support or resis. I would trade against the trend when it was nearing resis/support and i got screwed really badly. + +Today, i just blew my account trading EURJPY and EURUSD sell. I entered EURJPY at 129.626 and EURUSD at 1.22624. I kept holding even when my trades were going against me because i stubbornly refused to close, believing that my analysis was right. I kept holding as i thought 'its already overbought, surely it'll retrace soon' but it didnt. Its even worst because during the first few weeks where i was confident in my trades, i wanted to do my part to be a filial son, ( i come from an average family) and i told my mom and dad that i wanted to make money for them. They invested in me 1k USD which i am close to blowing it all, its sitting at 450USD now.. all due to my ignorance. + +I was disappointed, frustrated that i blew my account. It is of course naive and stupid to think thoughts like ' i should have closed earlier when my losses could have been minimized' but what if it went to profit instead?? I was stupid and ignorant and i regret it. It was today that i realize that i have to pair fundamentals with technicals, but im just berating myself because i dont know where to start learning fundamentals, or actually, Forex as a whole.. I've been using indicators, such as RSI, automated trendlines and atuomated support/resistance.. I know that plain naked chart with self drawn S/R lines are best.. but i just dont know how to do it.. + +I do know that i shouldn't harp on the fact that i blew my account because everyone goes through it at least once, but i cant help it, the feeling sucks. + +So that brings me to the question.. Would any experienced traders out there share where they learnt Fundamentals with TA?? It will be even better if a link or a book/course could be provided alongside it. I have always wanted to learn Fundamentals but because it is so broad, i don't know where to start. The only thing i know is that high impact news on the economic calender usually affects a currency long term, like FOMC/ interest rates etc.. I just dont know where and how to start learning it... Would appreciate if i could get a little help.. Be it in recommendations of books or links/courses. + +Sorry guys for this extremely lengthy post, would really appreciate it if i can get any insight at all.. + +Thank you guys so much.. + +My results on a live account the first 2 weeks, in case anyone was curious: +https://imgur.com/a/f2UGw +https://imgur.com/a/o2b1Z +Everytime I analyse and find a good setup that im 100% sure of I start thinking too much til I find alot of reasons why it could also go the opposite way. +e.g Yesterday I found a pretty good setup that again I was pretty sure about and entered the trade, then I instantly started finding reasons why it could go the opposite direction and closed the trade with a small loss(paper trade). + +What can I do about it ? +Hello all, I’ve been watching this market and Reddit for a bit and finally decided to hop in. I’m familiar with crypto options which is the closest I’ve been to forex honestly. Also a huge fan of precious metals but this market is very intriguing to me. + +My first trade is long NZD/CAD. My starting balance is $100 I have a 5% profit to $105. + +Noob questions: + +What is your usual time frame on a trade, no longer than a day or so? A couple of hours? + +How critical is the dxy and should I be keeping my eyes on it always? Or is it only relevant for dollar pairs? + +Right now I am only using 200 day sma, is the 10 something I always need to be using? + +I consider myself a value/swing trader, not necessarily a scalper but I am open to any new strategies or techniques. +Seriously, that sub looks dead now. No discussion threads, no gifs or other memes, almost no DD, and absolutely no discussing the forbidden stock. + +Mods completely cracked down and banned anyone with a voice leaving only the silent holders. Makes me think we still must be on the right track given how scared everyone is and the pressure the moderators must be under. The only people left are the 🧻🖐 who quit early and those crying it’s all over and done with + +If the war was over, the propaganda wouldn’t be necessary + +This rocket is still heading for the moon + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +# Vanity - A project with a real use case. + +&#x200B; + +Vanity is 12 days young and has more than 7800 holders. It has already made waves in the crypto community; being listed on CoinMarketCap and CoinGecko the first day it came to the scene, it also was featured on their biggest gainers and biggest movers list several times. + +&#x200B; + +This project's unique selling point is the service it provides it's users: the creation of custom made wallet address. Some lucky competition winners have already received theirs! + +You'll be able to find information about Vanity's deflationary tokenomics in the litepaper on the website, as well as the technical details of generating custom keys. + +&#x200B; + +Here are some links you'll find useful if you want to DYOR on the project: + +⚜ Vanity on CMC: [Vanity price today, VANITY live marketcap, chart, and info | CoinMarketCap](https://coinmarketcap.com/currencies/vanity/) + +⚜ Vanity on Coingecko: [Vanity price, chart, market cap and info | CoinGecko](https://www.coingecko.com/en/coins/vanity) + +⚜ Vanity website: [Vanity Token – Official Site – Upcoming marketplace for Vanity BSC/ETH addresses](https://vanitytoken.net/) + +⚜ Vanity on twitter: [VanityToken \~ $VANITY (@vanitytoken) / Twitter](https://twitter.com/vanitytoken) + +⚜ Telegram: [https://t.me/vanitytokenofficial](https://t.me/vanitytokenofficial) + +⚜ Pancakeswap link: [Pancake Swap](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2dE161f13Ab594aECD8F2A93e885A08d0ad362c7) +Usually after somewhat decent pump, the coin starts sidewaying, or slowly dipping. A telegram admin/member makes a post that the coin is about to pump/is pumping on chances that new people will buy the coin and then other telegram member with reddit accounts more than 1 year older start commenting. What actually happens is that few more people start buying, it slowly pumps up and the bigger holders start quickly selling and it dips even more. + +&#x200B; + +Also what I've noticed that usually, after first pump it's 50/50 investment, it may pump again, but most likely it will just drop down and you'll lose your investment. + +Key giveaway: if you plan to invest in a shitcoin, atleast quickly view the TG and see what the chat is up to. Most likely you will see the members being impatient and some of them panicking because they're dipping. + +Smarter advice: probably don't invest in shitcoins, you may get lucky once and go up x5, but most probably you will just burn yourself and coin dev and his few friends will walk out rich. +Anyone want to share their worst PF-related stories so we can all learn from them? For instance - a colleague of mine, who has made a series of terrible investments, and then in an attempt to recover used credit to make even more terrible investments... in the end he wound up about 60k in the red, and years later is still paying it off. +Anyone want to share their worst PF-related stories so we can all learn from them? For instance - a colleague of mine, who has made a series of terrible investments, and then in an attempt to recover used credit to make even more terrible investments... in the end he wound up about 60k in the red, and years later is still paying it off. +I’m always thinking about the future and I always am told that owning a home is better than simply renting all your life. + +But I know many successful people who are single, no SO, no kids, and make above per capita yearly wage. + +I am not saying the house has to be a typical 4 bedroom, 3 bath, unfinished basement starting at low 300k house but… + +In general, does it make sense to buy a house if you meet the above qualifications I mentioned? +Hey all + +I've been investing for about 2 years now and I'm ready to get more serious. I tend to buy or sell on trends, industry, and news. In general, I don't sell often. If my stock goes down, I usually wait for it to go back up. I'm doing well enough, but I think it's time for me to learn how to read (and interpret!) a company balance sheet. I'm not great with math but I think this is going to be necessary for me to invest seriously. + +What resources would you recommend for my education? I'm not great with economic jargon either (I'm an English teacher and an artist lol!) Thanks in advance! +This happened about two years ago, but I figured I’d write about my experience now. A couple summers ago I was at the beach and left my wallet in the glove box of my car. Almost immediately after I left, my car was broken into. I didn’t find out until about 4 hours later, during which time the thief ran up a total of about $2,500 in fraudulent charges on my BoA debit card, BoA credit card, USAA debit card, and USAA credit card. + +Naturally I called both banks to report the fraud charges, here was my experience with both: + +**USAA:** +Called them up, customer service picked up immediately. I explained the situation, the customer service rep was able to cancel all the pending charges across both debit and credit cards, and offered to overnight two new cards to me. The pending charges were removed from my account, the cards were canceled, and I had two new cards the next day. I was on the phone with them for a total of 15 minutes and everything was completely resolved less than 24 hours later. + +**Bank of America:** +Called them up, spent 20-30 minutes on hold, got transferred 3 times before someone was able to help. They were able to cancel my cards on the spot. I was told that I would need to wait 2-3 days for the pending fraudulent charges to finish processing before I could dispute them. From there, it would take BoA 2-3 days to complete an investigation to confirm that the charges were fraudulent. From *there*, it would take 2-3 *weeks* for BoA to reimburse the funds to my checking account and credit card. They also mentioned several times that they were not obligated to reimburse the debit card charges and were only doing it as a 1-time courtesy. Ultimately, this took several hours of my time over the next few weeks, as I had to follow up with them 4-5 times to see this whole process through and each phone call took about 45 minutes. I also tried getting it resolved in a physical branch, but they were unable to help me and referred me back to the phone-based customer service line. + +Going through both experiences at once really opened my eyes to how much of a difference customer service could have on my stress levels during a financial crisis. USAA made it a completely stress free experience that was behind me by the end of the next day. BoA dragged the process out over several weeks, during which time I had to keep an eye on my accounts every day to keep the process moving from one step to the next. If I was not in a financially stable position, and if I was relying entirely on BoA for my banking, I don’t know how I would have gotten through those three weeks. + +At that point, I had been banking with BoA for 11 years, and USAA for 3 years. Ultimately, this experience led me to close my three accounts with BoA, which is a decision I now wish I had made sooner. The purpose of this post is to highlight how we can get used to a certain type of banking experience, and to provide a contrast between two levels of customer service. +After watching Berkshire hold their massive cash pile without significantly deploying for years, we are now seeing Buffett make some significant moves. As a Berkshire holder I’m excited to see big guys outside of share buybacks. I think it’s also worth noting that the notorious value hound is seeing more and more buying opportunity. + +https://finance.yahoo.com/news/buffett-berkshire-slows-repurchases-3-121119543.html +Hi, I recently got my second big girl career job, and I'm not sure what to do with my previous employer's pension. The way I see it, my options are: + +1. Leave it as is. I don't really want to do this, as in 20 years I don't want to be trying to keep track of 6 different pots. + + +2. Transfer it to my new employer's pension. + + +3. Transfer it to a SIPP. This seems advantageous as I can move all of my various pensions over time into the SIPP. + + +I'd really appreciate any advice! +Daily compilation of important posts from Superstonk and GME. + +**[[History](https://www.reddit.com/r/Superstonk/comments/n3rxeb/daily_ddsnewsdiscussions_compilation_history/)]** + + +Previous Close: **$169.04** + +### Superstonk +Moderator + +- [Bringing in the fire extinguisher.](https://www.reddit.com/r/Superstonk/comments/omubcs/bringing_in_the_fire_extinguisher/) + + +News | Media + +1. [Mods removed , ape fest cancelled, new DD on the way. The balance has been restored , this is the way.](https://www.reddit.com/r/Superstonk/comments/on0vcv/mods_removed_ape_fest_cancelled_new_dd_on_the_way/) + +1. [🚀 Tom Majewski still spittin' 🔥 on LinkedIn 💎🙌](https://www.reddit.com/r/Superstonk/comments/ommc86/tom_majewski_still_spittin_on_linkedin/) + +1. [Back to business!!!](https://www.reddit.com/r/Superstonk/comments/omz498/back_to_business/) + +1. [FINCEN](https://www.reddit.com/r/Superstonk/comments/omz29h/fincen/) + +1. [I remember hearing something very similar in 2008. Must be a coincidence](https://www.reddit.com/r/Superstonk/comments/on5gks/i_remember_hearing_something_very_similar_in_2008/) + +1. [Want to be a YouTube streamer? GameStop now has you covered with all the gear you'll ever need!](https://www.reddit.com/r/Superstonk/comments/omqs9o/want_to_be_a_youtube_streamer_gamestop_now_has/) + +1. [GameStop is Leasing Amazon-sized fulfillment centers](https://www.reddit.com/r/Superstonk/comments/omxaei/gamestop_is_leasing_amazonsized_fulfillment/) + +1. [National emergency by monday? Cant close loans? Ransomware attack? 🧐](https://www.reddit.com/r/Superstonk/comments/on7xpv/national_emergency_by_monday_cant_close_loans/) + +1. [Cloudstar (the primary cloud provider for the title/lending/realestate industry) hit with ransomware attack halting transactions nationwide](https://www.reddit.com/r/Superstonk/comments/on0u5k/cloudstar_the_primary_cloud_provider_for_the/) + +1. [Chad's at it again with another fundraiser. Remember, if you see this gofundme or anything with Chad's name on it, avoid it. This one was more aimed at movie stock.](https://www.reddit.com/r/Superstonk/comments/on51ij/chads_at_it_again_with_another_fundraiser/) + +1. [Inflation Alert! Neel Kashkari, president of the Federal Reserve Bank of Minneapolis speak to NPR about inflation.](https://www.reddit.com/r/Superstonk/comments/on2s5t/inflation_alert_neel_kashkari_president_of_the/) + +1. [So any wrinkles on this matter? Seems like her tweet didn't get any traction..wut mean Fake longs out of option conversions? Are these married puts or protective puts, also called synthetic long calls?](https://www.reddit.com/r/Superstonk/comments/on7ej4/so_any_wrinkles_on_this_matter_seems_like_her/) + +1. [Tom from LinkedIn makes one hell of a statement about the current state of affairs in the market](https://www.reddit.com/r/Superstonk/comments/on4du0/tom_from_linkedin_makes_one_hell_of_a_statement/) + +1. [Very Apeish, This is why we love the stock. 🦍🚀](https://www.reddit.com/r/Superstonk/comments/on8o5i/very_apeish_this_is_why_we_love_the_stock/) + + +DD + +1. [Jerkin' it with Gherkinit Forward looking TA for 7/19/21-7/23/21](https://www.reddit.com/r/Superstonk/comments/on0b81/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +1. [BlackRock & The Great Reset (Part 3)](https://www.reddit.com/r/Superstonk/comments/ommgb0/blackrock_the_great_reset_part_3/) + +1. [BlackRock & The Great Reset (Part 1)](https://www.reddit.com/r/Superstonk/comments/ommfn7/blackrock_the_great_reset_part_1/) + +1. [Update to Cycle Tracking DD](https://www.reddit.com/r/Superstonk/comments/on3424/update_to_cycle_tracking_dd/) + +1. ["The Secondary Quotation Book" | FINRA's Alternative Display Facility](https://www.reddit.com/r/Superstonk/comments/omwpyt/the_secondary_quotation_book_finras_alternative/) + +1. [BlackRock & The Great Reset (Part 2)](https://www.reddit.com/r/Superstonk/comments/ommfz1/blackrock_the_great_reset_part_2/) + +1. [DARKPOOL Data detailed by Actors and trades/volume - May/April/March.](https://www.reddit.com/r/Superstonk/comments/omtwxd/darkpool_data_detailed_by_actors_and_tradesvolume/) + +1. [Chewy as a template for Gamestop? - a comparison (dd on fundamentals)](https://www.reddit.com/r/Superstonk/comments/ommj8f/chewy_as_a_template_for_gamestop_a_comparison_dd/) + +1. [FTDs / FTRs and how a buy-in of FTDs can be influenced.](https://www.reddit.com/r/Superstonk/comments/omzk1o/ftds_ftrs_and_how_a_buyin_of_ftds_can_be/) + + +Possible DD + +1. [July 9-16 and May 5-12 - "they are the same picture". Oh god this makes me so excited for the upcoming week...](https://www.reddit.com/r/Superstonk/comments/omuxx4/july_916_and_may_512_they_are_the_same_picture_oh/) + +1. [OTM PUTs are the passed puck of short positions that is slowly being passed back. The price movements are around monthly options, SLD periods, and net capital requirements. Not FTDs.](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/) + + +Education | Data + +1. [#GME breaking. According to Thomson Reuters GameStop has short squeeze score of 100. That the maximum it can get. This index probably is the only index hasn’t be manipulated by big hedge funds and market makers because apes only check Bloomberg.](https://www.reddit.com/r/Superstonk/comments/omw756/gme_breaking_according_to_thomson_reuters/) + +1. [They can control us when we’re tunnel-visioned into one sub. They lose control when we use different subs for the same cause because they can’t moderate all of them but we can just have all subs in one Reddit feed. Following multiple subs is NOT dividing apes, it’s dividing shills!!!](https://www.reddit.com/r/Superstonk/comments/omoq5y/they_can_control_us_when_were_tunnelvisioned_into/) + +1. [Diamantenhände 💎👐 German market is open 🇩🇪](https://www.reddit.com/r/Superstonk/comments/on7zuy/diamantenhände_german_market_is_open/) + +1. [Just a reminder: DTC-2021-013, NSCC-2021-008 and FICC-2021-006 go into effect today July 19, 2021](https://www.reddit.com/r/Superstonk/comments/on91i0/just_a_reminder_dtc2021013_nscc2021008_and/) + +1. [Crypto Market Red Going Into Monday](https://www.reddit.com/r/Superstonk/comments/on4hda/crypto_market_red_going_into_monday/) + +1. [GME is what matters, See you Monday morning. ✌️](https://www.reddit.com/r/Superstonk/comments/omqkq2/gme_is_what_matters_see_you_monday_morning/) + +1. [T212 $GME holding accounts that have fully closed position since May 8th has dropped from 0.28% to 0.23% per day in the last week. PHP (PaperHand Percentage) keeps getting lower! Just BUY & HODL 🤓❤🚀](https://www.reddit.com/r/Superstonk/comments/omuh5g/t212_gme_holding_accounts_that_have_fully_closed/) + +1. [GME Equity Score up to 8.6!](https://www.reddit.com/r/Superstonk/comments/ompcm4/gme_equity_score_up_to_86/) + +1. [FTD Dates - Potential T+21 , T+35’s to watch for - UPDATED](https://www.reddit.com/r/Superstonk/comments/omsgif/ftd_dates_potential_t21_t35s_to_watch_for_updated/) + +1. [GME🌈 Complete ETF List Update --July 18th 2021--](https://www.reddit.com/r/Superstonk/comments/on5i1f/gme_complete_etf_list_update_july_18th_2021/) + +1. [GME Options Expiry for 7/23 (Friday)](https://www.reddit.com/r/Superstonk/comments/on75ce/gme_options_expiry_for_723_friday/) + +1. [The FTD Game: Average of 241M FTDs per day in 2021](https://www.reddit.com/r/Superstonk/comments/on2afe/the_ftd_game_average_of_241m_ftds_per_day_in_2021/) + +1. [Interesting SEC Fine regarding the VIX](https://www.reddit.com/r/Superstonk/comments/on2cdx/interesting_sec_fine_regarding_the_vix/) + +1. [Now seems like a good time to remind people that Reddit has a multisub feed feature!](https://www.reddit.com/r/Superstonk/comments/on61xa/now_seems_like_a_good_time_to_remind_people_that/) + + +Discussion + +1. [WHO IS EXCITED ABOUT THE UPCOMING Atobitt' DD? I am!! LET'S GO APES!!! 🚀🚀🚀🚀](https://www.reddit.com/r/Superstonk/comments/omvdbe/who_is_excited_about_the_upcoming_atobitt_dd_i_am/) + +1. [Ayo u/buttfarm69 I thought you said madie only shit talked gme early on and later changed her mind. Her she is shit talking apes right before 4/20 and gme had already went back to the 300s in March so how was any ape Stuck? She needs to dip black water mercenaries don’t have morals.](https://www.reddit.com/r/Superstonk/comments/omm7y9/ayo_ubuttfarm69_i_thought_you_said_madie_only/) + +1. [Re-posting for awareness](https://www.reddit.com/r/Superstonk/comments/on3utp/reposting_for_awareness/) + +1. [They're using A.I generated faces on shill accounts](https://www.reddit.com/r/Superstonk/comments/omscua/theyre_using_ai_generated_faces_on_shill_accounts/) + +1. [Ape in Asia here. It's Sunday night and the weekend is over. I can't wait for 2pm tomorrow for Germany to open, then 4pm for pre-market. Then we'll get to see if those 430,000 put contracts get T+2 or T+35.](https://www.reddit.com/r/Superstonk/comments/omqvrx/ape_in_asia_here_its_sunday_night_and_the_weekend/) + +1. [Buying shares is the ultimate response to the FUD.](https://www.reddit.com/r/Superstonk/comments/oms053/buying_shares_is_the_ultimate_response_to_the_fud/) + +1. [We are being distracted. Either from something that has already happened or will be happening soon. Either way, we need to stop focusing on the distraction and try to figure out what we are being distracted from.](https://www.reddit.com/r/Superstonk/comments/omvtxm/we_are_being_distracted_either_from_something/) + +1. [ALL DATES POINT TO THE MOASS HAPPENING IN THE NEXT FEW WEEKS. LADIES AND GENTLEMEN, GET READY FOR TAKE OFF 🚀🚀🚀](https://www.reddit.com/r/Superstonk/comments/omzqub/all_dates_point_to_the_moass_happening_in_the/) + +1. [Want Mod Drama Solution?](https://www.reddit.com/r/Superstonk/comments/omo86s/want_mod_drama_solution/) + +1. [“its only drama” my ass](https://www.reddit.com/r/Superstonk/comments/ommnem/its_only_drama_my_ass/) + +1. [I'll just leave this here. Get out Maddie, you're killing the sub.](https://www.reddit.com/r/Superstonk/comments/oms1du/ill_just_leave_this_here_get_out_maddie_youre/) + +1. [Dave Lauer Interview From 2013. I Think This Lacks The Proper Attention. We've Watched These Events All Happen Very Recently.](https://www.reddit.com/r/Superstonk/comments/omyemx/dave_lauer_interview_from_2013_i_think_this_lacks/) + +1. [Correct me if I’m wrong but that right their says we are going to the fucking moon!!!!!](https://www.reddit.com/r/Superstonk/comments/on2ekg/correct_me_if_im_wrong_but_that_right_their_says/) + +1. [One good thing to come from the mod drama? The realization that I don't need any particular sub anymore.](https://www.reddit.com/r/Superstonk/comments/omq93d/one_good_thing_to_come_from_the_mod_drama_the/) + +1. [Not all GME owners are on Reddit or even know how to use it. Mod drama is just an immature reality show that doesn’t matter in the end game. Buy/Hodl](https://www.reddit.com/r/Superstonk/comments/omqvsq/not_all_gme_owners_are_on_reddit_or_even_know_how/) + +1. [So we can read what matters now](https://www.reddit.com/r/Superstonk/comments/omvozv/so_we_can_read_what_matters_now/) + +1. [This is an Anti-Fud treatment centre. Rest up, you've been fighting hard. If you need some antifud I'm here to help when I can.](https://www.reddit.com/r/Superstonk/comments/omq5sq/this_is_an_antifud_treatment_centre_rest_up_youve/) + +1. [For those who have missed it, Superstonk mods are actively filtering out good DD and supressing information](https://www.reddit.com/r/Superstonk/comments/omrze9/for_those_who_have_missed_it_superstonk_mods_are/) + +1. [Please vigorously report off-topic posts, and correct aggressive behavior in comments now that the weekend is ending. - a quick guide to Reddit newbs for assisting with forum cleanup.](https://www.reddit.com/r/Superstonk/comments/omy1ao/please_vigorously_report_offtopic_posts_and/) + +1. [Runic Glory](https://www.reddit.com/r/Superstonk/comments/omla2w/runic_glory/) + +1. [Petition to make this rule permanent](https://www.reddit.com/r/Superstonk/comments/omm7pu/petition_to_make_this_rule_permanent/) + +1. [Red posted a thing again, this time the right thing gg, Red](https://www.reddit.com/r/Superstonk/comments/omt90h/red_posted_a_thing_again_this_time_the_right/) + +1. [THE REAL REASON FOR WHY THIS IS HAPPENING THIS WEEKEND, DON'T FALL FOR IT](https://www.reddit.com/r/Superstonk/comments/omtabl/the_real_reason_for_why_this_is_happening_this/) + +1. [I’ve been wondering how the banks and HFS have been avoiding paying. I also wondered why burry bought TLT. Well I think this post explains it. I think he figured it out. It also looks like he figured out when we will know the MOASS is happening. When the TLT falls, the house of cards crumbles.](https://www.reddit.com/r/Superstonk/comments/ommodf/ive_been_wondering_how_the_banks_and_hfs_have/) + +1. [KNOTSREPUS: The DD has been secured. (Well, most of it.)](https://www.reddit.com/r/Superstonk/comments/on15to/knotsrepus_the_dd_has_been_secured_well_most_of_it/) + +1. [There will be days where it looks like the world is against you. Thousands of people claiming the squeeze is over. Even on this and all other subs. Dont fall for it. Everybody knows the XXXXXXXX floor.](https://www.reddit.com/r/Superstonk/comments/omrft9/there_will_be_days_where_it_looks_like_the_world/) + +1. [Recent Blackrock “The Great Reset” post is tricking you to praise market manipulation](https://www.reddit.com/r/Superstonk/comments/omwrop/recent_blackrock_the_great_reset_post_is_tricking/) + +1. [The events this weekend was a practice run that this sub can learn from to prepare for MOASS.](https://www.reddit.com/r/Superstonk/comments/on419s/the_events_this_weekend_was_a_practice_run_that/) + +1. [Can this sub please take a fucking 7-day break and just ban anything that has to do with the mods. just shut the fuck up if it's not about GME. Nobody cares.](https://www.reddit.com/r/Superstonk/comments/ommeyj/can_this_sub_please_take_a_fucking_7day_break_and/) + +1. [My post about shills and MSM having the same script was deleted for brigading even though a similar post about just the shills was left up. Still no response from the mods, so I’m posting for visibility. Links in comments.](https://www.reddit.com/r/Superstonk/comments/omy7qd/my_post_about_shills_and_msm_having_the_same/) + +1. [Hey you, I think you need to hear this..](https://www.reddit.com/r/Superstonk/comments/omvibh/hey_you_i_think_you_need_to_hear_this/) + + +Question + +1. [Why don't we have a pinned link with all the relevant DD? Upvote if you think we should...](https://www.reddit.com/r/Superstonk/comments/on68yd/why_dont_we_have_a_pinned_link_with_all_the/) + +1. [Is this Citadel? I seem to see some lights](https://www.reddit.com/r/Superstonk/comments/on57a7/is_this_citadel_i_seem_to_see_some_lights/) + +1. [Mod drama over am I allowed to post about my favorite subject again?](https://www.reddit.com/r/Superstonk/comments/on5j7m/mod_drama_over_am_i_allowed_to_post_about_my/) + +1. [hey Nikkei, wut doin?](https://www.reddit.com/r/Superstonk/comments/on56df/hey_nikkei_wut_doin/) + +1. [So... What's next with the Puts?](https://www.reddit.com/r/Superstonk/comments/on0b4r/so_whats_next_with_the_puts/) + + +### GME +Pinned 📌 + +- [r/GME Megathread for Monday - July 19, 2021](https://www.reddit.com/r/GME/comments/on82hf/rgme_megathread_for_monday_july_19_2021/) + + +Megathread + +- [r/GME Megathread for Sunday - July 18, 2021](https://www.reddit.com/r/GME/comments/omktjz/rgme_megathread_for_sunday_july_18_2021/) + + +News | Media + +1. [Dave Lauer Interview From 2013. I Think This Lacks The Proper Attention. We've Watched These Events All Happen Very Recently.](https://www.reddit.com/r/GME/comments/omwz5x/dave_lauer_interview_from_2013_i_think_this_lacks/) + +1. [Cloudstar hit with ransomware. Monday will be interesting.](https://www.reddit.com/r/GME/comments/omn5ba/cloudstar_hit_with_ransomware_monday_will_be/) + +1. [Goldman Sachs Group Chairman of the Board and CEO && Chief Risk Officer SOLD $7.5M last week – nothing to see here … just taking a little off the top … stay calm you Ape … inflation will not be transitory …](https://www.reddit.com/r/GME/comments/omv2mb/goldman_sachs_group_chairman_of_the_board_and_ceo/) + +1. [Don’t if this was already posted but we’re in the endgame boys](https://www.reddit.com/r/GME/comments/on284n/dont_if_this_was_already_posted_but_were_in_the/) + +1. [Brick by brick, the citadel is falling... Linkedin article flying under the radar - posting for greater awareness.](https://www.reddit.com/r/GME/comments/on8ccz/brick_by_brick_the_citadel_is_falling_linkedin/) + +1. [Random IT dude Tom is dropping more bricks 🧱🧱🧱](https://www.reddit.com/r/GME/comments/ompx2q/random_it_dude_tom_is_dropping_more_bricks/) + +1. [🚀 GameStop Employees 🦍](https://www.reddit.com/r/GME/comments/on301q/gamestop_employees/) + +1. [*Michael Bodson DTCC never explained how the core, supposedly automatic, $1.4B of the $3.6B margin charge was reduced at the end to $700M, nor did he explain why the premium component of $2.2B was waived.](https://www.reddit.com/r/GME/comments/omrrsq/michael_bodson_dtcc_never_explained_how_the_core/) + +1. [This is Disgusting! THEY ARE STEALING FROM ALL OF US! Regulators are doing nothing! please repost.](https://www.reddit.com/r/GME/comments/on1q8i/this_is_disgusting_they_are_stealing_from_all_of/) + + +Social Media + +- [Hey Shills, downvote all you want! Ima keep sharing this serving as a reminder of why I keep buying and holding. This is my antidote to you f*ckery shills and FUD campaign. DUD this!](https://www.reddit.com/r/GME/comments/on2p8t/hey_shills_downvote_all_you_want_ima_keep_sharing/) + + +DD + +1. [SOMETHING BIG IS COMING! ROCKET ABOUR TO TAKE OFF! GET YOUR MOASS TICKETS IN 🚀 🚀🚀](https://www.reddit.com/r/GME/comments/omzk0b/something_big_is_coming_rocket_abour_to_take_off/) + +1. [Mining ETH Against GME Wallet is in progress now 💪🦍🚀💎🙌](https://www.reddit.com/r/GME/comments/omod7n/mining_eth_against_gme_wallet_is_in_progress_now/) + +1. [THIS IS THE DD WE NEED, FUCK ALL THE FUD AND DRAMA](https://www.reddit.com/r/GME/comments/omqmwn/this_is_the_dd_we_need_fuck_all_the_fud_and_drama/) + +1. [Here's DD worth reading! Ignore the FUD apes its all an illusion.](https://www.reddit.com/r/GME/comments/omq3dp/heres_dd_worth_reading_ignore_the_fud_apes_its/) + + +Debunked + +- [Has the fact that GameStop posted THOUSANDS of jobs to their website in the past two days, slipped through the cracks? Incredibly bullish!](https://www.reddit.com/r/GME/comments/ompwnd/has_the_fact_that_gamestop_posted_thousands_of/) + + +Terminal | Data + +1. [#GME breaking. According to Thomson Reuters GameStop has short squeeze score of 100. That the maximum it can get. This index probably is the only index hasn’t be manipulated by big hedge funds and market makers because apes only check Bloomberg.](https://www.reddit.com/r/GME/comments/omwqpl/gme_breaking_according_to_thomson_reuters/) + +1. [Jerkin' it with Gherkinit Forward looking TA for 7/19/21-7/23/21](https://www.reddit.com/r/GME/comments/on0bys/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +1. [Hurried post! Just looking at option activity this evening. When you don’t have shares, you manipulate price movement with put options. SHF adding .50 cent and dollar puts etc!!🖕🏻🖕🏻](https://www.reddit.com/r/GME/comments/on40ud/hurried_post_just_looking_at_option_activity_this/) + +1. [Short Interest according to Thomson Reuters](https://www.reddit.com/r/GME/comments/omxjzb/short_interest_according_to_thomson_reuters/) + +1. [DDs like this getting buried in SS coz of the drama hope this gets visibility here](https://www.reddit.com/r/GME/comments/omkrdb/dds_like_this_getting_buried_in_ss_coz_of_the/) + +1. [Option fraud and manipulation party Sunday night! (7-18-21) More low dollar puts/calls added to 10-15-21 options chain! Posting for awareness and record online! Sorry about all the posts, important I document it. Have a great week! Bedtime for this ole Ape! 💎🦍🚀🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸😻😻😻😻](https://www.reddit.com/r/GME/comments/on4g89/option_fraud_and_manipulation_party_sunday_night/) + + +Discussion + +1. [POINT72 AND SUSQUEHANNA... Why do they keep disappearing when brought up?](https://www.reddit.com/r/GME/comments/omwwry/point72_and_susquehanna_why_do_they_keep/) + +1. [Has noone noticed that all the "resignation letters" read like theyre written from a corporate HR manual?](https://www.reddit.com/r/GME/comments/omxudl/has_noone_noticed_that_all_the_resignation/) + +1. [Weekend recap from SS!](https://www.reddit.com/r/GME/comments/on265l/weekend_recap_from_ss/) + +1. [If MOASS wait until September, the Estonian apes get their pensions released and can buy q ton more $GME](https://www.reddit.com/r/GME/comments/omysws/if_moass_wait_until_september_the_estonian_apes/) + +1. [“How are you f***ing us?” - Vinnie Daniel (The Big Short)](https://www.reddit.com/r/GME/comments/omodbu/how_are_you_fing_us_vinnie_daniel_the_big_short/) + +1. [New rules immediately effect on Monday has been suppressed because of all the drama.](https://www.reddit.com/r/GME/comments/omt2bv/new_rules_immediately_effect_on_monday_has_been/) + +1. [A section from /u/Gzurnenplatz's God-tier DD from 2 months ago about Superstonk being compromised all along. How they could use Superstonk to lessen the squeeze](https://www.reddit.com/r/GME/comments/omm237/a_section_from_ugzurnenplatzs_godtier_dd_from_2/) + +1. [$GME Mr. Tony Kim, Thank you for making it that simple. Quit overthinking this! It’s common sense. Every short is a future buyer.#GME](https://www.reddit.com/r/GME/comments/omom9x/gme_mr_tony_kim_thank_you_for_making_it_that/) + +1. [Thank you u/redchessqueen99 and u/Hey_Madie for inadvertently making the ape community more resilient. No more single point of failure.](https://www.reddit.com/r/GME/comments/omquxe/thank_you_uredchessqueen99_and_uhey_madie_for/) + +1. [NFT Update](https://www.reddit.com/r/GME/comments/omm4ls/nft_update/) + +1. [7/19 recap into this week: 40-43M shares back on balance books as short positions, T+2 for 7/16 opts on 7/20, 7/22 features a T35 FTD cycle, and more. JACKED LE TITS](https://www.reddit.com/r/GME/comments/on6q7w/719_recap_into_this_week_4043m_shares_back_on/) + +1. [Who made Satori? When it was made? How looks the sourcecode? What language it's made? You will never get any answer because Satori real name is Shillori by Citadel.](https://www.reddit.com/r/GME/comments/omnyvs/who_made_satori_when_it_was_made_how_looks_the/) +Daily compilation of important posts from Superstonk and GME. + +**[[History](https://www.reddit.com/r/Superstonk/comments/n3rxeb/daily_ddsnewsdiscussions_compilation_history/)]** + + +Previous Close: **$169.04** + +### Superstonk +Moderator + +- [Bringing in the fire extinguisher.](https://www.reddit.com/r/Superstonk/comments/omubcs/bringing_in_the_fire_extinguisher/) + + +News | Media + +1. [Mods removed , ape fest cancelled, new DD on the way. The balance has been restored , this is the way.](https://www.reddit.com/r/Superstonk/comments/on0vcv/mods_removed_ape_fest_cancelled_new_dd_on_the_way/) + +1. [🚀 Tom Majewski still spittin' 🔥 on LinkedIn 💎🙌](https://www.reddit.com/r/Superstonk/comments/ommc86/tom_majewski_still_spittin_on_linkedin/) + +1. [Back to business!!!](https://www.reddit.com/r/Superstonk/comments/omz498/back_to_business/) + +1. [FINCEN](https://www.reddit.com/r/Superstonk/comments/omz29h/fincen/) + +1. [I remember hearing something very similar in 2008. Must be a coincidence](https://www.reddit.com/r/Superstonk/comments/on5gks/i_remember_hearing_something_very_similar_in_2008/) + +1. [Want to be a YouTube streamer? GameStop now has you covered with all the gear you'll ever need!](https://www.reddit.com/r/Superstonk/comments/omqs9o/want_to_be_a_youtube_streamer_gamestop_now_has/) + +1. [GameStop is Leasing Amazon-sized fulfillment centers](https://www.reddit.com/r/Superstonk/comments/omxaei/gamestop_is_leasing_amazonsized_fulfillment/) + +1. [National emergency by monday? Cant close loans? Ransomware attack? 🧐](https://www.reddit.com/r/Superstonk/comments/on7xpv/national_emergency_by_monday_cant_close_loans/) + +1. [Cloudstar (the primary cloud provider for the title/lending/realestate industry) hit with ransomware attack halting transactions nationwide](https://www.reddit.com/r/Superstonk/comments/on0u5k/cloudstar_the_primary_cloud_provider_for_the/) + +1. [Chad's at it again with another fundraiser. Remember, if you see this gofundme or anything with Chad's name on it, avoid it. This one was more aimed at movie stock.](https://www.reddit.com/r/Superstonk/comments/on51ij/chads_at_it_again_with_another_fundraiser/) + +1. [Inflation Alert! Neel Kashkari, president of the Federal Reserve Bank of Minneapolis speak to NPR about inflation.](https://www.reddit.com/r/Superstonk/comments/on2s5t/inflation_alert_neel_kashkari_president_of_the/) + +1. [So any wrinkles on this matter? Seems like her tweet didn't get any traction..wut mean Fake longs out of option conversions? Are these married puts or protective puts, also called synthetic long calls?](https://www.reddit.com/r/Superstonk/comments/on7ej4/so_any_wrinkles_on_this_matter_seems_like_her/) + +1. [Tom from LinkedIn makes one hell of a statement about the current state of affairs in the market](https://www.reddit.com/r/Superstonk/comments/on4du0/tom_from_linkedin_makes_one_hell_of_a_statement/) + +1. [Very Apeish, This is why we love the stock. 🦍🚀](https://www.reddit.com/r/Superstonk/comments/on8o5i/very_apeish_this_is_why_we_love_the_stock/) + + +DD + +1. [Jerkin' it with Gherkinit Forward looking TA for 7/19/21-7/23/21](https://www.reddit.com/r/Superstonk/comments/on0b81/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +1. [BlackRock & The Great Reset (Part 3)](https://www.reddit.com/r/Superstonk/comments/ommgb0/blackrock_the_great_reset_part_3/) + +1. [BlackRock & The Great Reset (Part 1)](https://www.reddit.com/r/Superstonk/comments/ommfn7/blackrock_the_great_reset_part_1/) + +1. [Update to Cycle Tracking DD](https://www.reddit.com/r/Superstonk/comments/on3424/update_to_cycle_tracking_dd/) + +1. ["The Secondary Quotation Book" | FINRA's Alternative Display Facility](https://www.reddit.com/r/Superstonk/comments/omwpyt/the_secondary_quotation_book_finras_alternative/) + +1. [BlackRock & The Great Reset (Part 2)](https://www.reddit.com/r/Superstonk/comments/ommfz1/blackrock_the_great_reset_part_2/) + +1. [DARKPOOL Data detailed by Actors and trades/volume - May/April/March.](https://www.reddit.com/r/Superstonk/comments/omtwxd/darkpool_data_detailed_by_actors_and_tradesvolume/) + +1. [Chewy as a template for Gamestop? - a comparison (dd on fundamentals)](https://www.reddit.com/r/Superstonk/comments/ommj8f/chewy_as_a_template_for_gamestop_a_comparison_dd/) + +1. [FTDs / FTRs and how a buy-in of FTDs can be influenced.](https://www.reddit.com/r/Superstonk/comments/omzk1o/ftds_ftrs_and_how_a_buyin_of_ftds_can_be/) + + +Possible DD + +1. [July 9-16 and May 5-12 - "they are the same picture". Oh god this makes me so excited for the upcoming week...](https://www.reddit.com/r/Superstonk/comments/omuxx4/july_916_and_may_512_they_are_the_same_picture_oh/) + +1. [OTM PUTs are the passed puck of short positions that is slowly being passed back. The price movements are around monthly options, SLD periods, and net capital requirements. Not FTDs.](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/) + + +Education | Data + +1. [#GME breaking. According to Thomson Reuters GameStop has short squeeze score of 100. That the maximum it can get. This index probably is the only index hasn’t be manipulated by big hedge funds and market makers because apes only check Bloomberg.](https://www.reddit.com/r/Superstonk/comments/omw756/gme_breaking_according_to_thomson_reuters/) + +1. [They can control us when we’re tunnel-visioned into one sub. They lose control when we use different subs for the same cause because they can’t moderate all of them but we can just have all subs in one Reddit feed. Following multiple subs is NOT dividing apes, it’s dividing shills!!!](https://www.reddit.com/r/Superstonk/comments/omoq5y/they_can_control_us_when_were_tunnelvisioned_into/) + +1. [Diamantenhände 💎👐 German market is open 🇩🇪](https://www.reddit.com/r/Superstonk/comments/on7zuy/diamantenhände_german_market_is_open/) + +1. [Just a reminder: DTC-2021-013, NSCC-2021-008 and FICC-2021-006 go into effect today July 19, 2021](https://www.reddit.com/r/Superstonk/comments/on91i0/just_a_reminder_dtc2021013_nscc2021008_and/) + +1. [Crypto Market Red Going Into Monday](https://www.reddit.com/r/Superstonk/comments/on4hda/crypto_market_red_going_into_monday/) + +1. [GME is what matters, See you Monday morning. ✌️](https://www.reddit.com/r/Superstonk/comments/omqkq2/gme_is_what_matters_see_you_monday_morning/) + +1. [T212 $GME holding accounts that have fully closed position since May 8th has dropped from 0.28% to 0.23% per day in the last week. PHP (PaperHand Percentage) keeps getting lower! Just BUY & HODL 🤓❤🚀](https://www.reddit.com/r/Superstonk/comments/omuh5g/t212_gme_holding_accounts_that_have_fully_closed/) + +1. [GME Equity Score up to 8.6!](https://www.reddit.com/r/Superstonk/comments/ompcm4/gme_equity_score_up_to_86/) + +1. [FTD Dates - Potential T+21 , T+35’s to watch for - UPDATED](https://www.reddit.com/r/Superstonk/comments/omsgif/ftd_dates_potential_t21_t35s_to_watch_for_updated/) + +1. [GME🌈 Complete ETF List Update --July 18th 2021--](https://www.reddit.com/r/Superstonk/comments/on5i1f/gme_complete_etf_list_update_july_18th_2021/) + +1. [GME Options Expiry for 7/23 (Friday)](https://www.reddit.com/r/Superstonk/comments/on75ce/gme_options_expiry_for_723_friday/) + +1. [The FTD Game: Average of 241M FTDs per day in 2021](https://www.reddit.com/r/Superstonk/comments/on2afe/the_ftd_game_average_of_241m_ftds_per_day_in_2021/) + +1. [Interesting SEC Fine regarding the VIX](https://www.reddit.com/r/Superstonk/comments/on2cdx/interesting_sec_fine_regarding_the_vix/) + +1. [Now seems like a good time to remind people that Reddit has a multisub feed feature!](https://www.reddit.com/r/Superstonk/comments/on61xa/now_seems_like_a_good_time_to_remind_people_that/) + + +Discussion + +1. [WHO IS EXCITED ABOUT THE UPCOMING Atobitt' DD? I am!! LET'S GO APES!!! 🚀🚀🚀🚀](https://www.reddit.com/r/Superstonk/comments/omvdbe/who_is_excited_about_the_upcoming_atobitt_dd_i_am/) + +1. [Ayo u/buttfarm69 I thought you said madie only shit talked gme early on and later changed her mind. Her she is shit talking apes right before 4/20 and gme had already went back to the 300s in March so how was any ape Stuck? She needs to dip black water mercenaries don’t have morals.](https://www.reddit.com/r/Superstonk/comments/omm7y9/ayo_ubuttfarm69_i_thought_you_said_madie_only/) + +1. [Re-posting for awareness](https://www.reddit.com/r/Superstonk/comments/on3utp/reposting_for_awareness/) + +1. [They're using A.I generated faces on shill accounts](https://www.reddit.com/r/Superstonk/comments/omscua/theyre_using_ai_generated_faces_on_shill_accounts/) + +1. [Ape in Asia here. It's Sunday night and the weekend is over. I can't wait for 2pm tomorrow for Germany to open, then 4pm for pre-market. Then we'll get to see if those 430,000 put contracts get T+2 or T+35.](https://www.reddit.com/r/Superstonk/comments/omqvrx/ape_in_asia_here_its_sunday_night_and_the_weekend/) + +1. [Buying shares is the ultimate response to the FUD.](https://www.reddit.com/r/Superstonk/comments/oms053/buying_shares_is_the_ultimate_response_to_the_fud/) + +1. [We are being distracted. Either from something that has already happened or will be happening soon. Either way, we need to stop focusing on the distraction and try to figure out what we are being distracted from.](https://www.reddit.com/r/Superstonk/comments/omvtxm/we_are_being_distracted_either_from_something/) + +1. [ALL DATES POINT TO THE MOASS HAPPENING IN THE NEXT FEW WEEKS. LADIES AND GENTLEMEN, GET READY FOR TAKE OFF 🚀🚀🚀](https://www.reddit.com/r/Superstonk/comments/omzqub/all_dates_point_to_the_moass_happening_in_the/) + +1. [Want Mod Drama Solution?](https://www.reddit.com/r/Superstonk/comments/omo86s/want_mod_drama_solution/) + +1. [“its only drama” my ass](https://www.reddit.com/r/Superstonk/comments/ommnem/its_only_drama_my_ass/) + +1. [I'll just leave this here. Get out Maddie, you're killing the sub.](https://www.reddit.com/r/Superstonk/comments/oms1du/ill_just_leave_this_here_get_out_maddie_youre/) + +1. [Dave Lauer Interview From 2013. I Think This Lacks The Proper Attention. We've Watched These Events All Happen Very Recently.](https://www.reddit.com/r/Superstonk/comments/omyemx/dave_lauer_interview_from_2013_i_think_this_lacks/) + +1. [Correct me if I’m wrong but that right their says we are going to the fucking moon!!!!!](https://www.reddit.com/r/Superstonk/comments/on2ekg/correct_me_if_im_wrong_but_that_right_their_says/) + +1. [One good thing to come from the mod drama? The realization that I don't need any particular sub anymore.](https://www.reddit.com/r/Superstonk/comments/omq93d/one_good_thing_to_come_from_the_mod_drama_the/) + +1. [Not all GME owners are on Reddit or even know how to use it. Mod drama is just an immature reality show that doesn’t matter in the end game. Buy/Hodl](https://www.reddit.com/r/Superstonk/comments/omqvsq/not_all_gme_owners_are_on_reddit_or_even_know_how/) + +1. [So we can read what matters now](https://www.reddit.com/r/Superstonk/comments/omvozv/so_we_can_read_what_matters_now/) + +1. [This is an Anti-Fud treatment centre. Rest up, you've been fighting hard. If you need some antifud I'm here to help when I can.](https://www.reddit.com/r/Superstonk/comments/omq5sq/this_is_an_antifud_treatment_centre_rest_up_youve/) + +1. [For those who have missed it, Superstonk mods are actively filtering out good DD and supressing information](https://www.reddit.com/r/Superstonk/comments/omrze9/for_those_who_have_missed_it_superstonk_mods_are/) + +1. [Please vigorously report off-topic posts, and correct aggressive behavior in comments now that the weekend is ending. - a quick guide to Reddit newbs for assisting with forum cleanup.](https://www.reddit.com/r/Superstonk/comments/omy1ao/please_vigorously_report_offtopic_posts_and/) + +1. [Runic Glory](https://www.reddit.com/r/Superstonk/comments/omla2w/runic_glory/) + +1. [Petition to make this rule permanent](https://www.reddit.com/r/Superstonk/comments/omm7pu/petition_to_make_this_rule_permanent/) + +1. [Red posted a thing again, this time the right thing gg, Red](https://www.reddit.com/r/Superstonk/comments/omt90h/red_posted_a_thing_again_this_time_the_right/) + +1. [THE REAL REASON FOR WHY THIS IS HAPPENING THIS WEEKEND, DON'T FALL FOR IT](https://www.reddit.com/r/Superstonk/comments/omtabl/the_real_reason_for_why_this_is_happening_this/) + +1. [I’ve been wondering how the banks and HFS have been avoiding paying. I also wondered why burry bought TLT. Well I think this post explains it. I think he figured it out. It also looks like he figured out when we will know the MOASS is happening. When the TLT falls, the house of cards crumbles.](https://www.reddit.com/r/Superstonk/comments/ommodf/ive_been_wondering_how_the_banks_and_hfs_have/) + +1. [KNOTSREPUS: The DD has been secured. (Well, most of it.)](https://www.reddit.com/r/Superstonk/comments/on15to/knotsrepus_the_dd_has_been_secured_well_most_of_it/) + +1. [There will be days where it looks like the world is against you. Thousands of people claiming the squeeze is over. Even on this and all other subs. Dont fall for it. Everybody knows the XXXXXXXX floor.](https://www.reddit.com/r/Superstonk/comments/omrft9/there_will_be_days_where_it_looks_like_the_world/) + +1. [Recent Blackrock “The Great Reset” post is tricking you to praise market manipulation](https://www.reddit.com/r/Superstonk/comments/omwrop/recent_blackrock_the_great_reset_post_is_tricking/) + +1. [The events this weekend was a practice run that this sub can learn from to prepare for MOASS.](https://www.reddit.com/r/Superstonk/comments/on419s/the_events_this_weekend_was_a_practice_run_that/) + +1. [Can this sub please take a fucking 7-day break and just ban anything that has to do with the mods. just shut the fuck up if it's not about GME. Nobody cares.](https://www.reddit.com/r/Superstonk/comments/ommeyj/can_this_sub_please_take_a_fucking_7day_break_and/) + +1. [My post about shills and MSM having the same script was deleted for brigading even though a similar post about just the shills was left up. Still no response from the mods, so I’m posting for visibility. Links in comments.](https://www.reddit.com/r/Superstonk/comments/omy7qd/my_post_about_shills_and_msm_having_the_same/) + +1. [Hey you, I think you need to hear this..](https://www.reddit.com/r/Superstonk/comments/omvibh/hey_you_i_think_you_need_to_hear_this/) + + +Question + +1. [Why don't we have a pinned link with all the relevant DD? Upvote if you think we should...](https://www.reddit.com/r/Superstonk/comments/on68yd/why_dont_we_have_a_pinned_link_with_all_the/) + +1. [Is this Citadel? I seem to see some lights](https://www.reddit.com/r/Superstonk/comments/on57a7/is_this_citadel_i_seem_to_see_some_lights/) + +1. [Mod drama over am I allowed to post about my favorite subject again?](https://www.reddit.com/r/Superstonk/comments/on5j7m/mod_drama_over_am_i_allowed_to_post_about_my/) + +1. [hey Nikkei, wut doin?](https://www.reddit.com/r/Superstonk/comments/on56df/hey_nikkei_wut_doin/) + +1. [So... What's next with the Puts?](https://www.reddit.com/r/Superstonk/comments/on0b4r/so_whats_next_with_the_puts/) + + +### GME +Pinned 📌 + +- [r/GME Megathread for Monday - July 19, 2021](https://www.reddit.com/r/GME/comments/on82hf/rgme_megathread_for_monday_july_19_2021/) + + +Megathread + +- [r/GME Megathread for Sunday - July 18, 2021](https://www.reddit.com/r/GME/comments/omktjz/rgme_megathread_for_sunday_july_18_2021/) + + +News | Media + +1. [Dave Lauer Interview From 2013. I Think This Lacks The Proper Attention. We've Watched These Events All Happen Very Recently.](https://www.reddit.com/r/GME/comments/omwz5x/dave_lauer_interview_from_2013_i_think_this_lacks/) + +1. [Cloudstar hit with ransomware. Monday will be interesting.](https://www.reddit.com/r/GME/comments/omn5ba/cloudstar_hit_with_ransomware_monday_will_be/) + +1. [Goldman Sachs Group Chairman of the Board and CEO && Chief Risk Officer SOLD $7.5M last week – nothing to see here … just taking a little off the top … stay calm you Ape … inflation will not be transitory …](https://www.reddit.com/r/GME/comments/omv2mb/goldman_sachs_group_chairman_of_the_board_and_ceo/) + +1. [Don’t if this was already posted but we’re in the endgame boys](https://www.reddit.com/r/GME/comments/on284n/dont_if_this_was_already_posted_but_were_in_the/) + +1. [Brick by brick, the citadel is falling... Linkedin article flying under the radar - posting for greater awareness.](https://www.reddit.com/r/GME/comments/on8ccz/brick_by_brick_the_citadel_is_falling_linkedin/) + +1. [Random IT dude Tom is dropping more bricks 🧱🧱🧱](https://www.reddit.com/r/GME/comments/ompx2q/random_it_dude_tom_is_dropping_more_bricks/) + +1. [🚀 GameStop Employees 🦍](https://www.reddit.com/r/GME/comments/on301q/gamestop_employees/) + +1. [*Michael Bodson DTCC never explained how the core, supposedly automatic, $1.4B of the $3.6B margin charge was reduced at the end to $700M, nor did he explain why the premium component of $2.2B was waived.](https://www.reddit.com/r/GME/comments/omrrsq/michael_bodson_dtcc_never_explained_how_the_core/) + +1. [This is Disgusting! THEY ARE STEALING FROM ALL OF US! Regulators are doing nothing! please repost.](https://www.reddit.com/r/GME/comments/on1q8i/this_is_disgusting_they_are_stealing_from_all_of/) + + +Social Media + +- [Hey Shills, downvote all you want! Ima keep sharing this serving as a reminder of why I keep buying and holding. This is my antidote to you f*ckery shills and FUD campaign. DUD this!](https://www.reddit.com/r/GME/comments/on2p8t/hey_shills_downvote_all_you_want_ima_keep_sharing/) + + +DD + +1. [SOMETHING BIG IS COMING! ROCKET ABOUR TO TAKE OFF! GET YOUR MOASS TICKETS IN 🚀 🚀🚀](https://www.reddit.com/r/GME/comments/omzk0b/something_big_is_coming_rocket_abour_to_take_off/) + +1. [Mining ETH Against GME Wallet is in progress now 💪🦍🚀💎🙌](https://www.reddit.com/r/GME/comments/omod7n/mining_eth_against_gme_wallet_is_in_progress_now/) + +1. [THIS IS THE DD WE NEED, FUCK ALL THE FUD AND DRAMA](https://www.reddit.com/r/GME/comments/omqmwn/this_is_the_dd_we_need_fuck_all_the_fud_and_drama/) + +1. [Here's DD worth reading! Ignore the FUD apes its all an illusion.](https://www.reddit.com/r/GME/comments/omq3dp/heres_dd_worth_reading_ignore_the_fud_apes_its/) + + +Debunked + +- [Has the fact that GameStop posted THOUSANDS of jobs to their website in the past two days, slipped through the cracks? Incredibly bullish!](https://www.reddit.com/r/GME/comments/ompwnd/has_the_fact_that_gamestop_posted_thousands_of/) + + +Terminal | Data + +1. [#GME breaking. According to Thomson Reuters GameStop has short squeeze score of 100. That the maximum it can get. This index probably is the only index hasn’t be manipulated by big hedge funds and market makers because apes only check Bloomberg.](https://www.reddit.com/r/GME/comments/omwqpl/gme_breaking_according_to_thomson_reuters/) + +1. [Jerkin' it with Gherkinit Forward looking TA for 7/19/21-7/23/21](https://www.reddit.com/r/GME/comments/on0bys/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +1. [Hurried post! Just looking at option activity this evening. When you don’t have shares, you manipulate price movement with put options. SHF adding .50 cent and dollar puts etc!!🖕🏻🖕🏻](https://www.reddit.com/r/GME/comments/on40ud/hurried_post_just_looking_at_option_activity_this/) + +1. [Short Interest according to Thomson Reuters](https://www.reddit.com/r/GME/comments/omxjzb/short_interest_according_to_thomson_reuters/) + +1. [DDs like this getting buried in SS coz of the drama hope this gets visibility here](https://www.reddit.com/r/GME/comments/omkrdb/dds_like_this_getting_buried_in_ss_coz_of_the/) + +1. [Option fraud and manipulation party Sunday night! (7-18-21) More low dollar puts/calls added to 10-15-21 options chain! Posting for awareness and record online! Sorry about all the posts, important I document it. Have a great week! Bedtime for this ole Ape! 💎🦍🚀🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸😻😻😻😻](https://www.reddit.com/r/GME/comments/on4g89/option_fraud_and_manipulation_party_sunday_night/) + + +Discussion + +1. [POINT72 AND SUSQUEHANNA... Why do they keep disappearing when brought up?](https://www.reddit.com/r/GME/comments/omwwry/point72_and_susquehanna_why_do_they_keep/) + +1. [Has noone noticed that all the "resignation letters" read like theyre written from a corporate HR manual?](https://www.reddit.com/r/GME/comments/omxudl/has_noone_noticed_that_all_the_resignation/) + +1. [Weekend recap from SS!](https://www.reddit.com/r/GME/comments/on265l/weekend_recap_from_ss/) + +1. [If MOASS wait until September, the Estonian apes get their pensions released and can buy q ton more $GME](https://www.reddit.com/r/GME/comments/omysws/if_moass_wait_until_september_the_estonian_apes/) + +1. [“How are you f***ing us?” - Vinnie Daniel (The Big Short)](https://www.reddit.com/r/GME/comments/omodbu/how_are_you_fing_us_vinnie_daniel_the_big_short/) + +1. [New rules immediately effect on Monday has been suppressed because of all the drama.](https://www.reddit.com/r/GME/comments/omt2bv/new_rules_immediately_effect_on_monday_has_been/) + +1. [A section from /u/Gzurnenplatz's God-tier DD from 2 months ago about Superstonk being compromised all along. How they could use Superstonk to lessen the squeeze](https://www.reddit.com/r/GME/comments/omm237/a_section_from_ugzurnenplatzs_godtier_dd_from_2/) + +1. [$GME Mr. Tony Kim, Thank you for making it that simple. Quit overthinking this! It’s common sense. Every short is a future buyer.#GME](https://www.reddit.com/r/GME/comments/omom9x/gme_mr_tony_kim_thank_you_for_making_it_that/) + +1. [Thank you u/redchessqueen99 and u/Hey_Madie for inadvertently making the ape community more resilient. No more single point of failure.](https://www.reddit.com/r/GME/comments/omquxe/thank_you_uredchessqueen99_and_uhey_madie_for/) + +1. [NFT Update](https://www.reddit.com/r/GME/comments/omm4ls/nft_update/) + +1. [7/19 recap into this week: 40-43M shares back on balance books as short positions, T+2 for 7/16 opts on 7/20, 7/22 features a T35 FTD cycle, and more. JACKED LE TITS](https://www.reddit.com/r/GME/comments/on6q7w/719_recap_into_this_week_4043m_shares_back_on/) + +1. [Who made Satori? When it was made? How looks the sourcecode? What language it's made? You will never get any answer because Satori real name is Shillori by Citadel.](https://www.reddit.com/r/GME/comments/omnyvs/who_made_satori_when_it_was_made_how_looks_the/) +I kept asking if this was common and the woman kept deflecting, showing me the "more advanced" checking accounts where you need to have at least $50,000 or you will be charged $X and other completely unrelated things. I'm 20 y/o in college so she obviously knows that I don't have that kind of money. She could see that I only had around 2k. + +She also told me that I should open 7 accounts so I could start building credit. I kind of laughed at her and just asked for my check book and then I left. I'm not sure if she was just trying to fuck me over or if this kind of charge is normal. If it makes any difference I have a debit card connected to the account. + + +*** + +I just looked at my bank statements and it says I have to maintain a minimum of $1500 daily balance in my account OR use my debit card 10 times a months OR make $500 in direct deposit per month. This is labeled as a "Monthly Service Fee". It also says: *The fee is waived when the account is linked to a Wells Fargo Campus ATM or +Campus Debit Card* and I need to ask about what they means tomorrow. +As the title says I just spoke to a Computershare rep, who didn't seem to even know about the $1,000,000 requirement. I plan to speak to them later today again when I have more time. This rep made it sound like the letter is not needed, but confirmation by other reps is needed. + +[https://preview.redd.it/dtsutftvd4681.png?width=3360&format=png&auto=webp&s=92f70e873d98cba090056351f5c5f600a1f0ddd0](https://preview.redd.it/dtsutftvd4681.png?width=3360&format=png&auto=webp&s=92f70e873d98cba090056351f5c5f600a1f0ddd0) + +Do any of you have questions for them when I reach out later today? + +&#x200B; + +UPDATE: + +So I spoke to another rep tonight. This rep told me that sell orders over $1,000,000 could only be executed through weighted batch orders, and requires a letter that can't be sent in advance. At this point I am defering back to the official AMA that Paul from Computershare did with Superstonk [Part 1](https://www.reddit.com/r/Superstonk/comments/qmnan7/computershare_ama_part_1_video_link_with/) [Part 2](https://www.reddit.com/r/Superstonk/comments/r5enlt/computershare_ama_part_2_video_link_transcript/) + +I am having a hard time uploading the pictures of my conversation to Reddit so here is a link to Imgbox in order of how the conversation went. + +[https://imgbox.com/Y8XhqFDl](https://imgbox.com/Y8XhqFDl) + +[https://imgbox.com/Aiv1nvFO](https://imgbox.com/Aiv1nvFO) + +[https://imgbox.com/OtZqr1rS](https://imgbox.com/OtZqr1rS) +I know this a bit circle-jerky, but I really don't care too much what the current price of BTC is. I'm holding for now. Really the only thing that will make me sell is if I see another cryptocurrency or equally brilliant piece of software that makes the featureset of bitcoin look antiquated. I don't see that happening very soon though. Some of you newbies are speculating on something you really don't even know the utility of. + +By featureset I mean this. + +1. Distributed, verifiable ledger: The blockchain is really a fancy name for a extremely secure ledger. It contains a record of every transaction that has occurred in the bitcoin ecosystem. This is an amazing achievement on its own. Can you imagine if the company you worked for had a system setup that kept track of all this information this reliably? + +1. The ability to memorize a number (or brainwallet phrase), walk across a border and (provided ~~their~~ there is a local exchange) change your money back to whatever fiat currency is the accepted medium of exchange in that country. +3. The ability to have at-a-glance, verifiable, data about the entire bitcoin ecosystem. Statistical analysis is so much easier when you know your source data is accurate. http://blockchain.info/charts +4. We know, with almost certainty, how many bitcoins will have been created by the end of the day tomorrow, 2 weeks from now, and in the year 2140. If nothing else, this is an amazing economic experiment. We get to see what a known, controlled rate of "coin" production does to society. I personally like that knowledge. +5. Smart contracts could in the future change the way we do business, pass money to children, pay loans, etc. https://en.bitcoin.it/wiki/Contracts +6. Green addresses get around the double-spend problem. https://en.bitcoin.it/wiki/Green_address +7. Merged mining and other alternative chains: "Alternative chains have been suggested as ways to implement DNS, P2P currency exchanges, SSL certificate authorities, timestamping, file storage and voting systems." Goodbye Diebold. +8. Sending money into outer space. Ok, I'm going out there with this one, but I think it's kind of fun. https://bitcointalk.org/index.php?topic=56285.0 +9. Many other features already realized. +10. Other features that have not been invented yet. + +Sorry for the ramblings, just getting tired of the rampant, "OMG!!!1!!! $120/BTC" stuff that is going on in this place. It's the featureset that we should be selling, it's not just "internet gold" or "internet cash," it's a novel thing. + +tl;dr: Money/Commodity/Exchange/whatever-you-want-to-call-it ver. 2.0 + +Edit: Grammar Nazi. + +Edit 2: I woke up to find this on the top of the subreddit and myself two bitcents richer. I love the discussion and wish I could contribute a little more, but I'm going to work. +Don't let them win. Keep buying keep hodLing keep registering. I'm making the call to fidelity today to move xx shares to CS. We are in the middle of the most important transfer of wealth ever. Stay sexy stay smart but most importantly... Stay thinking like an ape + +Edit: I just woke up and this is aging well +If it gets under $28.8k then basically I'm fucked apparently. + +Or if it goes over $x amount then btc will go on a rampage and take all the alts with it. Happy days. + +Everything hinges on Bitcoin, if it loses its support then all the alts tumble. + +Or if it gets above a certain amount then all the main alts will start increasing with it resulting in alt coin utopia. + +It's got to the point where it doesn't really matter if you DYOR. + +Many projects are great in their own right. ZIL, MATIC, VET, ALGO, XTZ, SOL, ONE, the list goes on. + +Each with their passionate developers trying to make their technology the best it can be. But ultimately the value of their work is down to bitcoin. At any point however good their latest innovation is, their market value plummets as soon as something or "someone" makes the price of bitcoin change, then suddenly everything else changes too. + +It's ridiculous tbh. My portfolio is pretty much either red or green from top to bottom. All these alt coins. A sea of green or red all dependent on bitcoin. +I'm 18 and work at subway right now for $9/hr. I've been there 3 weeks and the work is fun, my coworkers and managers are great and my hours are flexible. + +Today I got an offer to work at burger king for $11/hr. I could work the same hours and have the same days off, plus maybe Saturdays. But I'm not sure if the $2 is worth working somewhere I may not like my coworkers or managers as much. Or if the flexible schedule would change once I started. + +I'm leaving for college this fall and am trying to save money to buy a new laptop, among other things. At both places I could probably come back and work during the summer. + +Does anyone know how Burger kings (or other fast food places) treat their employees? I would like the extra money, but I don't want to hate my job. +Hello fellow investors, + +over the past few weeks I have read a lot of posts and comments that suggested some investment model along the lines of "just DCA into the S&P 500 and you'll be rich in a few years!". I find statements like this extremely unsettling as they suggest to me a lackluster understanding of the concept behind passive/index investing and the long-term focussed mindset it requires. + +It is true, 2021 was an exceptional year for the S&P500. According to this wonderful tool for calculating DCA returns ([https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/](https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/)), DCA'ing into the S&P500 last year with a monthly investment of $1,000 would have netted you a juicy 23.37% after tax and fees according to the site. That's pretty damn impressive and actually an amount I'd be very happy with even in indivual stock picking, no less for just a passive approach. Awesome! + +However, things cannot be this easy about indexing, can they? Just buy an index and make an easy 10+% year by year? Of course they are not. If they were, everyone would be doing it and everyone would be rich. So what's the catch? Let me attempt to illustrate: + +Imagine we are in a similar market it was January 1998. The S&P500 has ran quite amazingly for the last few years (returning 19% YoY since 1990!) and we happily decide that we are going to DCA from now on for a fixed $1,000 every single month. Please make an educated guess what your yearly returns would have been over the next ten years. + +The answer: + +Four percent. 4,147% CAGR, to be precise. Not exactly retirement money, is it? And it gets worse. Until 2012, your yearly returns would have dropped even below 3%. A measly 3% CAGR over 15 years and that after a decade of almost 20% yearly returns. Ouch. + +However, there is also reason for hope: If you held strong even after those years of mediocre to bad returns and kept on DCA'ing even to this date, now you would be sitting at a juicy 10% return over 30 years - a much more comforting number and actually life-changing kinds of money thanks to the power of compounding. + +So what is my message here? + +**1)** Indexing is a proven method and may be the easiest and safest way to make a person rich. + +**2)** It takes an insane amount of patience, guts and savvy. + +**3)** If you decide to index, please do not do it with the expectation of getting rich quick. You may end up getting burnt, and getting burnt badly. Patience is key, and confidence even in dark times is mandatory. + +I wish you all the best of luck and hope this will come in handy when markets inevitably cool down one day. Have a great day! + +&#x200B; + +**PS:** I chose the time window above for illustrative purposes without wanting things to look too grim. 1998-2003 was -10% YoY for example, and this will inevitably happen along the indexing journey. If you want to go through more examples, just try the calculating tool on this site, it's lit: [https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/](https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/) + +&#x200B; + +Thanks for your attention! + +&#x200B; + +edited for clarity: we're talking yearly returns of 4% for 1998-2008 of course, not 4% total. +Thanks in advance for reading, and I asking for your collective hive-mind opinion on a substantial life decision. + +Would it be financially imprudent to move from Denver to Irvine, California? + +**Basic Facts:** + +* Our family of four currently has about $3.6M in investable assets including taxable accounts, 401Ks. Excludes HSA, 529, and home equity. +* My wife (40) and I (41) earn collectively around $650K and live in a mid-tier city with our kids in public elementary school. We are contemplating transitioning away from our jobs, and either not working or working part time. +* Annual expenses including home mortgage, utilities, and personal expenses total around $140K. This excludes health insurance, which may be around another $20K. +* Our current home is valued at $1.2M and has been appreciating at 7% annually in a mid-tier inland city. The original 30 year mortgage loan was at 3.375%, and we have a remaining balance of $500K, and thus potentially around $700K in home equity. Our monthly payment is $3600 including property taxes and home insurance. + +**Proposed Irvine, CA home:** + +* Would be at a list price for a 3 bedroom at around 3 bedroom at $1.4M. On a 30 year mortgage with 20% down ($280K) at a 6.6% rate, that would be a monthly payment of around $9000, which includes property taxes. With the increased mortgage, our annual expenses would increase to around $208K. + +Ideally, we would like to work another 1-2 years earning around $650k a year, potentially saving $250K after taxes per year, and then only work part-time or stop working. If we worked another two years, we would have $4.1M if the market saw no appreciation over the next two years. If the market showed 10% positive returns, we could be at total assets of $4.8M. At a 3.5% withdrawal rate on the principal of $4.1M, we could withdraw about $143K per year. At a 3.5% withdrawal rate on a principal of $4.8 M, we could withdraw about $168K. + +It seems that either we can stop working in a year or two if we stay in Denver. OR if we move to Irvine, we should be prepared to keep working until we reach around $5.8 M (at a withdrawal rate of 3.5%, would allow for $203K in expenses. + +The non-mathematical challenge is that homes continue to sharply appreciate in home value, so it feels that in two years, the $1.4M home in Irvine could easily be at $1.7M, so if we are going to move, we should just go ahead and do so asap. + +**Am I thinking through this fully? Are there other considerations that we should be thinking through?** + +—————————— + +**Addition based on the responses below, on the REASON why we want to transiton from Denver to Irvine.** The rationale includes some reasonable and less reasonable (perhaps more personal reasons). If wealth is intended to bring "optionality" or choices in how we want to live, the quality of life we perceive may be in Irvine is currently worth exploring. We happen to be in Irvine for the next week, and I am open to meeting with any locals for coffee that want to give me your perspective. + + +* We do have family that lives in the Simi Valley area, and I recognize that this is at least a 1.5 hour drive away, on the other side of the valley. +* We happen to be Asian American with two Asian American elementary school aged children, and would prefer that the grow up with greater diversity. Denver is around 4-6% Asian American. Irvine High School and Portola have around 40-60% Asian American populations, which may come with its own pros/cons. I have heard that disproportionate Asian American student populations can lead to excessive focus on academic STEM focused skillsets, as opposed to other soft skills (sales, management, leadership), and a hyper competitiveness that can generally be unproductive. There's both value in easily fitting in (in Irvine), as well as being able to survive while being different in Denver. +* Asian eats - being close to multiple H Marts, Mitsuwas, Ranch 99s just makes life more enjoyable. Frankly, an authentically "good" Asian American restaurant needs Asian Americans to thrive, and while there are Asian American restaurants in Denver, it's just not the same. There just simply aren’t Xiao long bao such as those at Din Tai Fung in Denver. +* The obvious weather factor. Our family are not skiers, and so the "benefit" of being in Denver is simply not appreciated. Why put up with snow and minus 15 degree weather during the bomb cyclone, when we could potentially enjoy 60-80 degree sunshine with close 20 min. access to amazing beaches. The beaches in California really makes our collective hearts sing, but I recognize there is a price. +* We have only started looking at different homes, neighborhoods, and meeting with realtors. We're open to visiting other cities/neighborhoods, but realize that places like Mission Viejo may be farther from the heart of the Asian American population that we are trying to surround ourselves in. I recognize that Irvine may be a boring overpriced burb to many, and maybe if we live here for a decade, we too will begin to sense that as well. +Now you have the time and money to do what you love. What’s your fatFIRE hobby? + +I spend my extra time boating and fishing offshore. + +What do you do? +My husband and I have traditionally followed the conventional wisdom and sold company stock as soon as possible. This has served us well. We're generally not interested in taking additional risk that's highly correlated with our companies and industries . + +So here's where we are struggling. His latest job is with a biotech and we get options instead of restricted stock. We're having trouble valuing these and deciding when to sell. The company is public but has no revenue yet. The current value of the company is entirely contingent on a phase 3 drug trial reporting out early next year. Most of the last year the options were significantly underwater. Just before vesting, they were worth \~$50k. At the moment they are worth \~10k. If Wall Street analysts are correct, a successful trial would mean the options would be worth \~$100k+. We can sell any time we want but it's difficult to decide since the payoffs are asymmetric: if the stock goes up 5%, we double our money. What's the right way to think about this bet? + +We have no inside information, nor expertise in determining how likely the drug(s) in the pipeline are to work. + +For context, we're jointly making \~$700k/year, NW \~$3M. Much of our income is from stock in my company (unrelated, different industry). +for some reason ive began feeling lost... + +i think the main reason im feeling this way is because of my goal of buying a house as soon as i can but my borrowing power is making me question my job and overwhelming me with trying to figure out a side hussle that will make me more money. + +im now questioning do i change jobs, change careers? will i have to go and learn a new trade? am i stressing for no reason? should i continue at where i am and just save more until i can put down a bigger deposit? + +all these questions have came at me all at once and to be honest with you i felt like writing it down would help me get it out. Maybe i'd have the most success just continuing doing what im doing, saving until i can get a house and then focus on paying it off as fast as i can ultimately to turn it into an investment property which would negate the stresses of finding a new job; But also maybe by that time i would of discovered something new that would change my career. + +i dont know + +im not usually a stresser but for some reason today has set something off in me and i guess im just looking for some guidance, im 22 so i know i have time on my side, im just questioning whether what im doing right now is the right call or not + +Apologises for stress dumping im just lost and i know a everyone goes through it i just wanted to hear it all turned out okay +When I was waitressing, I was in a joint account with my dad, letting him take money out to pay house rent and now everything is gone. My dad and I have been having conflicts because I suffer from depression and he strongly believes mental illnesses are a myth. I stopped working to return to college for computer science and I haven't been doing well, at all,and campus services are rejecting their mental health services because they believe I have used their resources for too long. My dad had been really angry with me and so he left us, just like that. I wish I wasn't so damn stupid and depressed. + +There is no income in our family right now. And neither my mom or I know how to do taxes, pay bills or rent because my dad always assumed control. He didn't teach me when I asked. Right now we are both at loss and I only have the remains of my tips from waitressing to pay off bills. I failed two of my midterms and the financial stress is pushing me deeper down. + +I don't know anything about personal finance so I'm trying my hardest to research with the links given in FAQ but the bulk of information has got me paralyzed and I was hoping to get advice on this post. What do I do and where do I start? I need help please and thank you for reading. + +**Edit**: Thank you very much for all your replies. I'm really grateful to everyone for sending me their practical advice and best wishes. It really makes me happy to know that so many of you care about a stranger online. + +Also, I really want to note that **I am not, in any way, going to accept donations**. It's dangerous to send money to an online user because of your emotions. I came here for advice and I think that if a charity or donations are made to me, there will be a snowball effect for future posts and I don't want my issue to kickstart /personalfinance into a donation pool for scammers. + +Again, thank you for everything and it's been said and over done but I really can't thank you all enough. + +**Edit2** I'm really sorry I can't reply to all your comments. Please know that I read everything in my inbox and you are all very wonderful people. I think from everything I've read, I've learned that I need to start moving forward by taking responsibility, staying strong and take into mind what I don't want to hear and what I do so I can move forward by acknowledging and understanding everything that's on the table. I have a notepad filled with lots of links and advice to go through thanks to all of you. I'm really happy for all your care and kindness. Thanks to everyone who responded and for all your help. +Anti-Solar bill AB 1139 was defeated today, rooftop solar stocks to rebound. The bill was introduced on Feb 18th and defeated on June 4th. In this time period, solar stocks have seen dramatic shorted, over 20% of float being short. I expect a huge jump in share price back to late Feb Early Mar highs. +How can I position my family's finances to best take advantage of student aid options and the FAFSA equation? + +On the savings / 529 front... kids are 5 and 2, grandparents started 529's (and do a 2:1 match up to $1000 from me / $2000 from them per year per kid). So we have funds of approx $17K and $7K at the moment. And I want to keep saving aggressively. But should we stay the course on this plan, or should I start my own 529 and ask grandparents to contribute to my 529? I ask specifically because I've read that grandparent 529's are great because they don't count against you on FAFSA... until the year after you first use them - at which point they actually count against you WORSE than if it had been a 529 I started. So I guess that means, kids can apply as incoming freshman and look great on FAFSA, but as soon as we pay their freshman year with grandparent 529, year 2 recalculates and all of a sudden we're worse off? So I'm wondering, can I get past this by eating 1-2 years on the front side, try to pay as much out of pocket, or max the student loans for the first year or two? Then just pay years 3-4 with grandparent 529? Or should I ask them if we can flip it, start my own 529 and have them contribute to mine (with the goal of the new fund being for years 1-2), and the existing grandparent 529 for years 3-4? + +Other relevant / side-questions... I plan to have my mortgage paid off before the first kid goes off to school. Is that a good idea? I mean, in general I like the idea of paying off the house nice and early in life, but will that screw me on FAFSA and make us look like we have tons of disposable income to pay the school? Location if relevant... we're in NC, grandparents started fund while they were also residents here (now live out of state). + +*Edit for the archives:* + +I ended up not being able to participate in this conversation as much as I had hoped, apologies for being a shitty OP. I think the takeaway I'm getting here is that grandparent 529's don't count against us until we actually *use* it, so my theory about trying to wait and use them in the later college years is accurate. I'll probably stick with it only because the grandparents have offered to double our contribution, and I don't think they would contribute directly to a ROTH. Although I will ask, as [this article](https://www.nerdwallet.com/blog/investing/roth-iras-trump-529-plans-battle-education-funding/) in particular resonated with me... use a ROTH for retirement, but you can take withdraws (in some circumstances, like college, just the principle) without penalty. That seems to allow a lot of options, I have one, but I can more aggressive plan to put money there. Anyway, thanks for all the great commentary! +I'm wondering if there is a point where it is no longer worth saving and is just time to live large. Anyone here have experience crossing a milestone and just being like "I saved for x years, now it's time to fly 747's and live like a Sheik!"? If not do you have a number where you would stop trying to build your wealth and living below your means? Thanks. +The average income in the USA is $51K a year, which is a little more than what BTC is currently sitting at and much less than the previous ATH of $69K. + +https://policyadvice.net/insurance/insights/average-american-income/ + +To buy 1 BTC, most people would have to spend almost their entire yearly income. Since they can't do that, the next best thing would be 0.5 BTC (around $20K). + +But still...how realistic is that? + +Have we reached a tipping point where the new goal is 0.1 BTC or less for most people? +I've been using the crypto.com card for a while now, and I recently received my royal indigo card. It is the purple one, with a 3% cashback and an additional 10% stake reward for holding CRO. There is also free cashback for your spotify and netflix! + +I started with the ruby card because I was new to Crypto.com and wanted to try out their services. There was also a previous 12 percent cash back offer, which I made extensive use of! If there is no special event, the cashback is set at 2%, which is also quite high. + +&#x200B; + +https://preview.redd.it/ipazbgzwco181.png?width=731&format=png&auto=webp&s=8760e24c9b3ee5c8b3d448157ef16e5ece1f0f6d + +After using the ruby card for 3-4 months, I decided to upgrade to the next tier card because there was a 10% stake reward that paid out weekly. I will not be sorry if I upgrade, and hopefully, CRO will rise high enough for me to upgrade to icy white. + +I had previously encountered some issues with the card, but the customer support was extremely efficient and would respond to me within 15 minutes; I believe this is something that other platforms, such as Coinbase, do not have. + +Putting customer first is essential and I believe Crypto.com has nailed it. I believe other card holders have the same sentiment as I do. +Im interested to know how buying stocks in a company benefits the company directly, since the money goes to the person/broker you've bought the stock from, not the company itself (obviously excluding the primary market)? + +And so, how much does divesting from companies you disagree with, such as oil and gas industries, actually negatively impact the company? + +My apologies if this is a simple concept; I have been trying to Google it but have struggled to find a straight-forward answer! +https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2019/11/04/warren-buffett-has-128-billion-in-cash-to-burn.html?amp_js_v=a2&amp_gsa=1&usqp=mq331AQCKAE%3D#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.cnbc.com%2Famp%2F2019%2F11%2F04%2Fwarren-buffett-has-128-billion-in-cash-to-burn.html%23referrer%3Dhttps%253A%252F%252Fwww.google.com%26amp_tf%3DFrom%2520%25251%2524s + +Thoughts or opinions on what his plan might be? Also, are you holding BRK? +Long-time lurker, first time poster here. + +I have seen on here a lot of interpretations of what it means to be FI and an equal number of plans for getting there. I see a lot of people maxing out their 401k and Roth IRA plans, which is amazing, but not quite doable for me yet. Still, I am socking away 15k/year (just in my 401k/Roth IRA) on my 55k salary and am excited to make/save more as I go. I'm flexing and building frugality muscles. + +I am 25 and plan to be what I call "mini FI" by 30. My goal, which I am on track to accomplish, is to save >100k (in my 401k/Roth IRA) by age 30. This would free me up to try a new career without fear of a lower salary, be a stay at home mom for a few years, volunteer, work part time, etc. while compounding does its magic. I won't stop contributing completely but I dream of that sweet, sweet flexibility. + +I have done a lot of reading and research, and I know I am on track to meet my goal. I would love to hear from people who took this kind of approach--saving hard at the beginning with the goal of being able to slow down later. Are you happy with the results? Would you change anything? Save more or less aggressively? Do you feel freer, or do you just keep raising your goals and ambitions? Let's talk! + +EDIT: The 15k is retirement only accounts (401k/Roth IRA) and not meant to be touched. I save cash, too, with the goal of buying property in the not too distant future. The cushion I built is going well and, sidenote, was SO great to have after some surprise medical bills I had to pay in the Spring. + +**Thank you SO MUCH for all these responses. It's amazing to read everyone's personal experiences and you all have been offering great advice and feedback. I continue to read everything that comes in. We all know that IRL it's hard to talk openly about finance/FI, but for people in their 20's to hear from people who are ahead in the game is invaluable. Good thing we can do it here.** +With today's announcement of more earn rate cuts to stablecoins this will be the 4th earn cut in just 3 months when they announced their first one back in March. + +Also for the first time they actually completely removed earning any apy on a dozen or so cryptos. + +All this as usual is effective immediately with no warning. + +I am not sure if crypto.com is going to manage the storm if even after 3 earn cut rates and 1 crypto card benefit reduction that they still have to cut rates again. + +At this point it's going to get interesting to see what exchanges fail to whether the crypto winter, not just which coins don't survive. +A couple years ago being just another computer geek, I earned my way into ETH Zurich to pursue an MS in CS and at this time was working simultaneously with a Swiss FinTech company that was using "blockchain" technology for their product. Long story short, falling down the crypto rabbit hole, I eventually left this job and my position as an AI research assistant and started working on this little device that is literally the next logical step in the bitcoin payments lifecycle. + +&#x200B; + +If mass adoption is to happen - + +1. Anybody in the world, tech savvy or not needs to be able to use crypto as easy as using fiat currency, i.e. instantly and safely. +2. Stay in control of your funds at all times - not a bank, not an exchange and not some intermediary. + +&#x200B; + +Hardware wallets solve point #2. I loved watching the development of the trezor and their success over the years but funnily enough I was also a drummer touring around Europe with a german band during this time and while going to a bunch of different countries that all had different currencies, me being from a "third-party" country had to convert money from my home country to whatever currency I needed and the rates/deposit time for this was ridiculous. Being an early adopter I still couldn't use crypto as a currency anywhere! My trezor just sat at "home?" keeping my crypto safe. + +&#x200B; + +This is exactly why I started working on lastbit. What started off as a simple hobby quickly turned into an elaborate plan and I left my Masters mid-way (Background: I'm Indian - trained to get straight A's all the time but never actually use any of that knowledge. Best decision ever, leaving uni) to work on this full time and over the last year built a few generations of prototypes, learnt how to do business and raised capital (The hard way)! (Building a company is hard, building a hardware company is exponentially harder!) + +&#x200B; + +All in all, I worked my ass off to build this little company, team, raise funds and now we're ready to slowly start rolling this out ([lastbit.io](https://lastbit.io)). I've spent countless hours on crypto subs and it's about time the community started getting involved. No shitcoin, no bullshit, just pure love for all things complex. + +&#x200B; + +A very very very short example of the thought process behind this + +&#x200B; + +Example: + +&#x200B; + +I own 100 BTC. I store it on my ledger/trezor - + +&#x200B; + +1.1 I would never take my ledger out with me casually for a stroll to the coffee shop, it's way too much of a risk. Instead my ledger sits in my drawer collecting dust but I trust my coins are safe at home. + +&#x200B; + +(lastbit - Leave your cold wallet long term storage funds at home on a secure encrypted micro-SD card. Take your "hot" but secure spending wallet anywhere - Hodler works wirelessly with a mobile app. NB: Both wallets are on secure elements! Example: Leave 99 BTC at home and take 1 BTC out with you. Worst case, lost your wallet? No problem, backup is at home or 6 different places around the world and nobody can crack your device). + +&#x200B; + +1.1.1 Plus, why would you even take it out? Merchants are never going to buy a new POS terminal to accept bitcoin. Who accepts crypto? \*(With this solution - Everyone. The Hodlers' aim is to work with ANY credit card machine in the world and you can pay with crypto without the merchant even realizing you paid with crypto.)\* + +&#x200B; + +1.1.1.1 Even if someone did accept crypto, is it feasible to pay with bitcoin today? Waiting 1 hour in line to buy coffee? \*(With this solution - Instant transactions over LN)\* + +&#x200B; + +Leave a comment or PM if you would want to support this, work with us or be a bigger part of this. + +&#x200B; + +Any help/feedback is appreciated. + +&#x200B; + +TLDR: Left prestigious Masters program to work on crypto project. Turned into company ([lastbit.io](https://lastbit.io)). Can use help from the community to take this further. + +EDIT: Thanks for all the comments everyone, that was really quite an overwhelming response. Way more than I expected and a ton of constructive useful feedback from everyone here. Yes we need to work on branding, logo, explaining the project in simpler terms and the name of the device - Hodler clearly isn't the best idea. Some pretty cool suggestions, thanks again! Will continue to keep everyone who signed up, in the loop. +As far as everybody asking about jobs/open positions go, we could use an experienced hardware/embedded systems engineer and/or a digital marketing person - We are exploring the possibility of a kickstarter to fund this after the minimal beta and I suppose marketing is imperative for a successful campaign. +My situation is as follows. I am in the process of executing the wills of 3 deceased family members. When I close out all three estates in a few months I stand to have somewhere between 200-300k coming to me as an inheritance. My wife and I both work full time at good jobs and make decent money. Both mid 30's. We own a duplex which we occupy half of and rent the other half. We have car loan credit card debt mortgage and student loans. At this point our income allows us to pay our bills comfortably and contribute to 401k etc. We want to purchase a single family home eventually and keep our duplex as in income property. My goal with the inheritance is to use it in a way that will give us the greatest amount of financial freedom and allow us to continually improve our financial situation. Should I pay off all my debt and then use the decrease in monthly expenses to invest a little each month? Or should I use the large sum all at once to potentially invest in real estate or some other financial instruments that would earn risidual income? I see this is a once in a lifetime opportunity and I don't want to be one of those people who just blows a big windfall only to end up broke in six months. +Hi, + +I started working a corporate job as of August 18'. My base salary is currently 68,500 and I get OT for every hour above 40 for the week. My average check for every 2 weeks is about $2150 after taxes and deductions. + +Being that I'm young and healthy, I opted for the cheapest healthcare plan which deducts $38 every check. + +I live at home with the parents and I give $2600 a month to help with bills/mortgage for the house. My other expenses for the month are $500 for toll/gas when I have to drive to my office since it is rather far and about $80 for days I'm able to work locally and need Public transportation. My gym membership is 45$ and that is all for my main expenses. + +&#x200B; + +My employer offers a 4% 401k match, so I have been putting 4% in myself each check into a target retirement fund. + +&#x200B; + +I feel like I'm not in a good spot and not saving enough. Due to religious reasons, anything that has interest is out the question and not an investment option for me. Therefore, I have to verify the target retirement fund is okay but being if it is, what other options should I look at for investments? If I hold any stocks or trading, I have to report it to my employer and do it through them to avoid insider trading or any type of fraud due to my line of work. + +&#x200B; + +I currently have about $7 saved in a checkings account. With a change in location coming in August, I'll be able to work locally and that $500 monthly expense should be cut down to about $100 for the month at most for regular use instead of doing a long commute. + +&#x200B; + +How can I maximize my investments while avoiding interest and what are options I should look into? Thanks +Some additional details; I live and had the surgery in California. The total bill was around 65k and I wasn't able to pay it because I was unemployed had no assets, or any money, period. I believe they signed me up for Medi-CAL, a state funded insurance, which covered everything. I'm just wondering if this kind of reimbursement is normal and if so, where I could get some additional information about all this. +Can I go to HR and ask them to change my tax withholdings to $0 so that I get my full paycheck all year and then write a check to the IRS for what I owed when I file my taxes at the end of the year? + +My gut tells me this is dumb or else I would’ve heard about it already, but I would rather have control of my money all year and then pay a lump sum. +So, I have 35k I can use without going below 7,000 in my bank. With a credit approval for 275k, but looking at 200k or less. 5% minimum down payment is 10k, closing costs are what another 8-10? Seems like I have the money. What is the bare minimum money I need to cover fees, down payment, and closing costs on a 200k house in Pennsylvania? I know it varies by state, and was hoping someone had a rough estimate for me. + +I have no other debt. 3 months ago I took a new position making 25% more salary. I’m in good shape financially with about $2500 in unused income monthly. I also have a fiancée who has about $1200 in unused income monthly. So together we can safely cover a mortgage without harming our long term savings plans. + +Any advice would be appreciated! Just started looking +I will soon I will inherit an estimated $195K after the sale of my deceased mother's homes. After that, I want to buy a home. My SO still owes over 100K in student loans and has only paid the minimum amount or had it deferred. She decided to change careers and took out more loans with me as a cosigner. I estimate She owes 30K with my name on it. She hasn't worked for 5 years. She had many of the student loans since before she met me. (15 Years ago) SO says she can't find a job she likes. We barely have any savings because of that. We literally live check to check. She also has a bankruptcy on her record. Which should have erased itself after 7 years but still remains on a background search. + +&#x200B; + +My gross pay is $91,000. My take-home check averages $4,764.77. It seems that most of my take home pay is reduced by about 48% after taxes, medical insurance premiums and union dues. (NJ teacher) Our rent is $2045 and will go up in August to $2070. My financial advisor at the bank says to put 20% ($60K) down and invest the rest with his moderate risk fund that historically nets 5% interest. And get a mortgage for 240K at 4%. I asked him why I should do that. He said that the 5% should mitigate the mortgage's 4%. Then I asked him how would I explain that to my wife who's terrible with money. He said that money in hand is better than not. You have more equity this way. I also asked about my wife's debt, he notices that we pay $311 monthly payment to her student loans. He said that that's ok but if we have to pay an additional $311 it wouldn't be worth buying a house and that we would be better off renting. + +&#x200B; + +I know my SO expects me to put all my eggs in one basket and place all the money in the house purchase. I want to get the most equity out of my mom's money. So I hope placing 20% down and getting a 4% mortgage and investing the rest in a moderate risk fund at 5% is a smart way to handle this. I also want to be in charge of the finances and pay off her loans. To do that I want her to get a job and use most of her income to pay off her loans. (SO cash flow) + +&#x200B; + +Another option would be to not buy a house and keep renting. Since I feel we would be house poor. (We already feel apartment poor.) Place the monies in a moderate fund and use cash flow from my SO salary when and if she gets a job. + +&#x200B; + +My question is: + +&#x200B; + +Am I doing the right thing? + +&#x200B; + +Is this a viable financial plan? + +&#x200B; + +Or Should I just use the money and pay off all her debt? + +&#x200B; + +What should I do? + +&#x200B; + +What would you do in this situation? + +6/22/19 Edit additional note: + +As someone pointed it out to me. I have two kids a 2 and 8 years old. SO had been a stay at home mom. +So, I have 35k I can use without going below 7,000 in my bank. With a credit approval for 275k, but looking at 200k or less. 5% minimum down payment is 10k, closing costs are what another 8-10? Seems like I have the money. What is the bare minimum money I need to cover fees, down payment, and closing costs on a 200k house in Pennsylvania? I know it varies by state, and was hoping someone had a rough estimate for me. + +I have no other debt. 3 months ago I took a new position making 25% more salary. I’m in good shape financially with about $2500 in unused income monthly. I also have a fiancée who has about $1200 in unused income monthly. So together we can safely cover a mortgage without harming our long term savings plans. + +Any advice would be appreciated! Just started looking +I just started my first government job and I was looking at my contributions. The nice thing is the government is very generous when they are funded by tax $$$ lol. Unfortunately, I don't get my TSP at all. + +I've had IRAs where I can pick individual stocks. I've had 401ks were I have several dozen plans to choose from. AND, those plans have detailed information on the portfolio of each plan. With a TSP, I just get a list of letters. Do I want a G plan or a F plan or a L-2040 plan or.... ugggh. And, yeah, I get that find out they stand for things like global market fund or government bond fund or whatever. But, that's about it. I can't seem to figure out what individual stocks they hold and that's kinda weird for me. + +I understand the fund managers are probably educated and likely do better than some random redditor. I'm not saying I can do better. BUT, I manage my other portfolios! I like to see what it actually is! This isn't much of a question. Just a bit of a vent lol. There is a lot of comfort in knowing where your money is! +yes it's a bit late, but they want to start now. They just met a financial guy and he seems to be giving advice that contradicts the advice of this board. He offered me (mid twenties, no dependants) to get a LIRP (already have a roth w/vanguard), and my parents to get a roth (he says they can contribute 6500? isn't it supposed to be 5500?) through an annuity plan. + +my 56 year old parent has been paying into their 403b, but wants to start another plan. Advice given was that their low income doesn't take advantage of the 403b and its better to do a roth through an annuity plan. + +my 61 year old parent has no plan. the guy said a LIRP would be good and the roth through an annuity plan as well. + +I'm just curious if this makes sense at their age, and if this guy is just putting himself before their needs. + +thanks everyone +**tl;dr request: How do you figure out how much money you need to raise a family and live comfortably? What's a gentle way to approach figuring out monetary goals and what-ifs with a partner when you make vastly different ranges?** + +I hope this is the right subreddit for this. + +I'm a 30-year-old female. I make 185k year in my career and live in California. I recently met a guy, similar in age to me, who is doing his biology post-doc and informed me that he was comfortable doing research even though it only pays 55k-60k. He has no debt, a decent savings, and lives within his means, though he hasn't pushed back on anything I want to do or been stingy about things we do together, which makes me feel like he knows how to save for the important things (experiences). He knows he will only make that much for the next 3-5 years. + +Recently we talked about money goals, and I noted that I was worried because I wanted to have a kid in the upcoming years and wanted a secure financial base for them. I'm not sure I'll always make that amount of money, and I want to know I can rely on him. He noted that he was comfortable only making as much as he does, and does not think he will make much more than that in the future, and feels it will be enough. He's Australian, and I worry this makes it hard to see eye-to-eye on social safety nets. We almost broke up communicating over this point. + +He's an amazing person and I want to be with him, but having grown up with little money, I worry a lot about this. Am I being irrational? Does having a kid cost as much as I think? How can we financially plan together when it seems we have fundamentally different values (money)? Would it be worth sitting down together to identify how much a family and home costs? + +I hate that I live in a time and society where this is bothering me as much as it does. Any advice is welcome. +I currently make about 30k a year and have been offered a position that will put me at 45-50k a year. Seeings as I will have 150% of my current income starting in approximately a month I want to build my credit, and maybe start doing things that makes my money do some work for me. I have some obvious things such as owing about a thousand dollars still on my truck and wanting to pay down my medical bill debt which is about 3k. After that I want to build my credit, I've spent the last year trying to work on it and I'm almost out of F class credit, what is a good way todo so? Should I put the extra money in savings account, look at stocks? I'm new to personal financing and I can use any help! +I'm 16 and got my $1000 saved. I first intended to save for dental braces, then I was thinking to experience with those $1000, by investing, since I'm young and nothing to lose. What should I do? +I bought a couple $150 1/21/2022 AAPl calls like a month ago. I'm up almost 50% right now. I'm unsure if I should take profits today or hold through earnings? If they beat and the stock price goes up a couple percent tomorrow, will my calls be worth even more, or could they be worth less because of IV crush? + +Edit: I sold today for 60% profit +On Thursday, May 27, there was a notable event that came and went with little fanfare. **Mind Medicine** ([MNMD](https://seekingalpha.com/symbol/MNMD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link)) (NEO:MMED) became the first NEO-listed company to be included in an MSCI Index when it was added to the MSCI Small Cap Canada Index. + +It was up 8.28% on Friday, from $3.12 opening to $3.40 at closing and kept it after hours. It is still a penny stock, but for how long? + +[https://seekingalpha.com/article/4432132-stockwatch-mindmed-mnmd-is-added-to-the-msci-small-cap-canada-index](https://seekingalpha.com/article/4432132-stockwatch-mindmed-mnmd-is-added-to-the-msci-small-cap-canada-index) +First, we’ll tell you why we decided so, and then, how it will affect our project and farming. + +**Why did we choose Binance Smart Chain to launch?** + +1. Incredible fees on Ethereum. To swap on Uniswap you need to pay $ 20- $ 50, transfer NFT — $ 15- $ 20, add $ 60- $ 150 to the pool. If you have millions of dollars, this may not be a big commission for you, but for everyone else, it is disastrously large amounts. + +On Binance Smart Chain, you will pay $ 0.15- $ 0.3 for the same transactions. + +2. Time. It turns out that many projects are now almost paralyzed. Due to the huge fees, users stop using many Dapps. Especially in NFT. Although this is a trend, no one wants to overpay x10-x30. Therefore, instead of L2 solutions, expecting a drop in the price of ETH and the launch of ETH 2.0, we want to make a product here and now. Binance Smart Chain brings these capabilities. + +3. Minimal changes in the smart contract. We do not need to redo the logic, we just change pools, exchanges and are ready to launch. + +4. The NFT market is not well developed on Binance Smart Chain. We analyzed and saw BSC is much less competitive. While there are already many players in the NFT market on Ethereum, the BSC market is almost free. This opens up great opportunities for our project! + +5. Development of NFT bridges between ETH <=> BSC. This opens up the opportunity to create bridges between the two blockchains, so even Ethereum fans can uselessly use the products on the BSC. + +**What will change in our project?** + +As we said, the code is the same on the two blockchains. The only thing is that we will change the pools (now there will be 5 instead of 18) and DEX for creating trading pairs (instead of Uniswap we will use PancakeSwap) + +\- Pools for farming — BNB, CAKE, USDT, BUSD, ETH- Pairs will be created on PancakeSwap — NFTL / BNB and CTF / BNB + +The launch date remains the same — February 25th. Farming has become much closer at BSC! + +We have reflected all changes in our Docs file https://docs.cybertime.finance + +Farming site — [https://cybertime.farm](https://cybertime.farm/) +Telegram — [https://t.me/cybertime\_eth](https://t.me/cybertime_eth) +Twitter — [https://twitter.com/cybertime\_eth](https://twitter.com/cybertime_eth) + + + +https://preview.redd.it/a9huqwzmqjz51.png?width=843&format=png&auto=webp&s=2e955751cef2f3b0b745c7e187a8f98380e227fb + +https://preview.redd.it/3dx5eewoqjz51.png?width=1224&format=png&auto=webp&s=1626187c8b7b48354bb34b169be7e98e3207f2e3 + +Strategy Metrics: + +Type/Position Type: Strictly Equities / Only Long +Average Hold: 1-3 Days (Liquidates Day Three) +Selection Type: Algorithmic (No selection Bias) +Starting/Ending Cash: $1,000,000 / $13,168,418.11 +Leverage: No leverage +Backtest Start/End Date: 1/1/2014 - Current + +Questions and criticism are welcomed :) +Assuming your algo is designed to run constantly in the background, what’s the best method for doing so? Do you prefer to use cloud networks - like AWS or Azure? Or do you have scripts running off personal work stations? + +I personally use Google Cloud Functions with Python scripts, but I’m wondering if there’s a more efficient way to do things. I’m completely self taught, and still new on some of the more advanced concepts in this field. +As the title says I am in search for an alternative to TradingView. +I’m a long time subscriber and have all the tools and strategies that I have developed that I can bring with me. +I’m using to to create strategies, and make alerts to 3Commas. Can code at a decent level (Python). +What options are there? +I’m into crypto currently for this particular case. +So I decided to join the frenzy last week and bought at $6.85 around 10k shares. I knew this was high even for the average price the company has traded over the past few years. However the premiums were juicy. + +I sold 100 contracts for 1/29 at $7 for about 14.5k in premium which lowered my CB to about $5.40. + +Of course we all know that the trade restrictions put in place the next day really killed the premiums due to the Greeks. So for 2/5 I’m looking at about 2.5k in premium weekly if share price hovers around close on Friday. + +At that rate it’ll take 20 or so weeks to bring CB to near zero. I want the shares for free and will keep wheeling closer to ATM until called. + +I think in the short term the fundamentals are sound and the company has been doing well for years. My real risks so far are the premiums continuing to drop and this taking much longer than I expected to drop CB to zero. + +I did read that short interest was spiking and I’m wondering if anyone is concerned about near term financial or even bankruptcy issues with the company? + +I haven’t really seen anything that concerns me, but this particular wheel setup has me concerned because I made the play based on higher premiums (thinking the hype would last at least a couple weeks so CB to around $4). But that got killed or so it seems. + +Anyone else in the same boat? Anyone else wheeling NOK to bring CB to zero and just holding/wheeling the shares as weekly profit after? +I'm looking for a website and/or service that allows me to search companies with a defined price range and options IV. Any suggestions? +If you know about any stocks within these approximate ranges, it would be appreciated. +Price: $10-40 +IV: 70-100% + +Thanks! +Hi, I am new to the wheel strategy. My question: when I own the underlying stock and the price drops (such as the market has tanked recently), should I be selling calls below my cost basis? I have been selling weekly 30 delta calls, but now the price has dropped to where this strike is below what I paid for the shares. + +So, do you: +1) sell calls below your basis and accept potential loss on shares to continue your strategy +2) sell calls further OTM with lower premiums until the share price goes up +3) halt your strategy until the share price goes up + +Thanks! +It's been amusing to follow, and the David vs. Goliath story is interesting, but I'm over it now. + +&#x200B; + +I play a methodical, fairly conservative theta strategy that also minimizes the time I have to spend tracking and picking underlyings. It's not a sexy strategy, but it lets me skim some $$ with minimal effort. With the recent manipulation, most good opportunities are being blown up (and we're not just talking about GME/BB) to the point that it's impossible to feel comfortable engaging. A lot of my go-to choices that I know well are already up 25% or more with no news. It's just not worth the risk when the manipulation is so rampant and reversals are happening. + +&#x200B; + +Plus, it seems WSB is leaking (actually gushing) into ThetaGang. It's changing the vibe here. It's yucky. +Anyone having fun wheeling this wsb meme? Probably my favourite one right. While big swings don’t really crush/boost the IV I try to sell puts and covered calls on red and green days respectively. + +Edit: ACB is $27. Sold Feb 26 34C for 0.75 +Pre- split, you can sell a weekly 10 - 12 delta strange and get 700 to 800 premium....after split, I am getting barely 450 to 500, assuming selling 3 contracts. Same happened to Google and amzn.... These two are not worth trading post split. Feel like the gravy train is still running but coming to an end. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +It's been amusing to follow, and the David vs. Goliath story is interesting, but I'm over it now. + +&#x200B; + +I play a methodical, fairly conservative theta strategy that also minimizes the time I have to spend tracking and picking underlyings. It's not a sexy strategy, but it lets me skim some $$ with minimal effort. With the recent manipulation, most good opportunities are being blown up (and we're not just talking about GME/BB) to the point that it's impossible to feel comfortable engaging. A lot of my go-to choices that I know well are already up 25% or more with no news. It's just not worth the risk when the manipulation is so rampant and reversals are happening. + +&#x200B; + +Plus, it seems WSB is leaking (actually gushing) into ThetaGang. It's changing the vibe here. It's yucky. +I wasn’t sure which flair to use. + +As the title says I have a trading bot which I spent a long while developing. + +There are two batches of codes which I run alongside each other. + +Batch 1 and Batch 2. + +Batch 1 uses some of the judgement of myself and calculations to gather stock. + +Batch 2 is just purely calculations which release values which say if it’s worth doing a call, or not worth doing a call. + +Past few days the top picks with NVDA, and a small cap I can post this daily if you guys are interested. + +This the data which I have acquired on Sunday (NY) 10th of January 2021, based on the close of the last business day. + +Here’s an update to my trading bot. QS looks tempting but I think I can hold off until tomorrow a better company I understand comes on sight. + +Only invest in companies you know and have a understanding of and can see they have a future, to lessen any potential losses via trading. + +&#x200B; + +**Key:** + +* Pharma companies are very risky. +* Meme/Hype stocks are very risky. +* Companies that you don't know how they work are very risky. +* Follower companies are very risky because they join the hype train (what NKLA is to TSLA). +* I have a very low amount in options (less than $500), and I have 100k+ in shares and cash. +* When doing options have a lot of collateral, so you don't hit margin call. +* Take the "Calls" as very discounted, and "Potentially A Call" as somewhat discounted. +* Old money companies are slow. While tech companies are fast-paced. +* Only invest in companies that you do know and see potential in. +* You don't have to invest every day, only when you see the potential. + +&#x200B; + +&#x200B; + +**Code Batch 1:** + +* Quantumscape Corp (QS) - Hype stock, Solid State Battery - High Risk +* AYI Acuity Brands, Inc. +* ADS Alliance Data Systems Corporation + +**Code Batch 2:** + +Call: + +* FedEx Corporation (FDX) - Has been dropping for a while. +* Lockheed Martin Corporation LMT +* FedEx Corporation FDX +* Kimberly Clark Corp KMB +* Campbell Soup Company CPB +* Conagra Brands Inc CAG +* General Mills, Inc. GIS +* Braemar Shipping Services plc BMS +* Beyond Meat Inc BYND + +Potentially a call: + +* United Parcel Service, Inc. UPS +* Air Transport Services Group Inc. ATSG +* Atlas Air Worldwide Holdings, Inc. AAWW +* Facebook, Inc. Common Stock FB +* Inovio Pharmaceuticals Inc INO +* L3Harris Technologies Inc LHX +* Northrop Grumman Corporation NOC +* United Parcel Service, Inc. UPS +* Alliant Energy Corporation LNT +* American Electric Power Company Inc AEP +* Consolidated Edison, Inc. ED +* Dominion Energy Inc D +* Entergy Corporation ETR +* WEC Energy Group Inc WEC +* Atmos Energy Corporation ATO +* NVR, Inc. NVR +* Church and Dwight Co., Inc. CHD +* Ball Corporation BLL +* CenterPoint Energy Inc CNP +* CMS Energy Corporation CMS +* DTE Energy Co DTE +* NiSource Inc. NI +* Sempra Energy SRE +* Boston Properties, Inc. BXP +* Hormel Foods Corp HRL +* Kellogg Company K +* Atmos Energy Corporation ATO +* Church and Dwight Co., Inc. CHD +* Hormel Foods Corp HRL + +Edit 1: there might be companies which you haven’t heard of, this is due to me adding the SPY 500 companies into it to increase data output. + +EDIT 2: I’m not charging anyone for this data and no you cannot buy it - I worked too hard to get it right. I’ll be giving daily updates for it. + +Edit 3: My goal is to do 400 successful trades with minimum losses before I say everything perfect. + +Edit 4: I will not be posting this hourly. It just too long to load everything up maybe in the future. + +Edit 5: Hahaha but really you guys who did the 13 upvotes have made my day! I’m happy I’m helping you guys out. + +Edit 6: Holy I made it to 50 votes, you guys are honestly the best. I didn’t even realise this would help this many people but honestly thank you. I will not fail you. + +Edit 7: No I don’t have a paid site where you can get this data. Please do not sell this data to anyone it’s free information. I know there’s discord/telegram admin of paid groups who would try and monetise it. Please do not. + +Edit 8: Over 100 people have seen this, I feel like it’s my birthday. I love you guys. I just want everyone to be well off and have money. + +Edit 9: 168 upvotes I just can’t imagine I would’ve ever got this, you guys are amazing. But please just invest in companies you know and are confident about. That’s all I ask, I’m waiting for a big tech company to be discounted enough to show up that’s where I would drop 20-40k into it. Only invest in the things you are personally confident about. I’ll be posting this everyday, stocks are a waiting game keep in mind. + +Edit 10: 200 UPVOTES WHAT THATS CRAZY!!! Thank you so much for all the awards, you guys really don’t have to, please spend that money on stocks and such. It’s very expensive. + +Edit 11: 453 upvotes I just don’t know what to say you guys are amazing I’m trying to perfect everything for you guys, but please don’t rush to do trades everyday only trades which you are confident on. Thank you WSB I will be a loyal member to the community. + +Edit 12: I just ate and came back and it’s almost at a thousand. You guys have just made my day especially the upvotes and awards which I given. You guys are the absolute best and I don’t know what I’d do without you. Please read my messages above carefully. I don’t want you guys to lose money and PLEASEEE AWARDS ARE EXPENSIVE DONT WASTE MONEY ON ME PUT IT TOWARDS STOCKS INSTEAD HAHAHA BUT HONESTLY THANK YOU GUYS. + +Edit 13: Tomorrow I’ll update the tickers to companies which have a larger market cap and doesn’t go sideways half the time. This includes removing boomer companies. As some of the companies are pretty obsolete in today’s market, to the point its likely not in view of many others and I. I’ll revolve it more around myself. I’ll remove many of the SPY500/boomer companies next update so expect the list to be shorter. With batch 2 it’ll be hard but batch 1 it can be done fairly easily. + +Edit 14: Ban for one day on WSB, can’t post will post Monday update on the other sub in my post history. /r/wallstreettrader , my bot is designed only for WSB. + +Edit 15: Tuesday post https://www.reddit.com/r/wallstreetbets/comments/kvlpjb/post_2_tuesday_i_have_a_discount_trading_bot/ +For those that don't know Navient (Federal student loan servicer, used to be Sallie Mae) conducts a study called "Money Under 35" which is supposed to show financial health amongst young adults in America. The study is in its second year. I've pasted the Executive Summary below, but basically it samples 3,000~ young Americans to find out how we're doing financially. There's also an infographic, but I can't do images on the work computer. + +A blurb that jumped out to me was this: "Young adults who attended college but did not earn a degree are the most likely group to have poor financial health – including their peers with a high school education or less." This makes sense, since these people get all the cons of college education (mainly debt) but none of the perks (degree, access to increased wages). Intuitive, but maybe not obvious. + +What's this have to do with FI/RE? Well, first off I found this when I checked Navient today to find my last payment went through and I'm done with loans. But more importantly, I think most of us on here (maybe I'm wrong) are young adults that are interested in FI/RE and I think the idea of Financial Independence is most appealing to young adults. This report directly reflects (or is supposed to) young adults and how we're doing financially. + +Link (various .pdf files for download): https://navient.com/about/who-we-are/research-and-studies/ + +Executive Summary: Navient’s Money Under 35 is a national study conducted by Ipsos that provides a snapshot of how young adults are faring financially in the current economy. Now in its second year, the study is based on a nationally representative sample of 3,069 Americans aged 22 to 35. The 2016 study finds an improved financial picture for young adults compared to 2015 and shines a spotlight on the relative benefits of college completion. By contrast, the study finds that young adults who start college but leave before earning a degree report lower financial health than young adults with degrees and even those who did not start college at all." + +I know you guys love information and reports, so I'm interested to see your observations, takes, issues, etc. with the report and its findings. Also keep in mind Navient is the servicer (edit) on these loans, so they may have a "dog in the hunt" so to speak to highlight how student loans are really good for everyone. +I'm building a new setup, gonna build the tower from scratch and thinking about going with a triple monitor setup (had duel before). I'm mainly interested in the monitor setups; which monitors are the best, if 3 is necessary vs 2, etc. +Yes, a rather callous title, in the hopes that people will come in here to tell me why I'm wrong. See the bottom of this post for a TL;DR. My thesis is that cryptocurrencies relying either on PoW or PoS, cryptocurrencies with inflation, fees & staking, cryptocurrencies with block subsidies and reward schedules are all screwed in the long run. My reasoning for this is that cryptocurrencies using PoW, PoS, or anything like it, actively undermine their own goals by incentivizing centralization over time at their core. In doing so, these protocols encourage a loss in stall resistance and a loss in security. I also argue that at least 2 cryptocurrencies (IOTA and Nano) solve this issue through their feeless/inflation-free proposition. + +# Why Bitcoin is screwed + +Bitcoin mining offers rewards. These rewards consist of a block subsidy (money supply increase, currently 6.25 BTC per block) and fees. These rewards (mostly) go to those with the highest hash power. + +Bitcoin mining is a business. It's a business focused on cost efficiency, because the revenue side is largely unchangeable by miners. Total costs consist of energy costs, ASIC purchases/writedowns, capital costs, rent of the location, maintenance, etc. + +Almost all these costs have economies of scale associated with them. If I'm a large miner, I have a stronger negotiating position for ASICs. I have a stronger negotiating position for energy contracts. I have access to cheaper capital, I can more efficiently maintain my ASICs. + +Combine mining rewards with economies of scale for mining, and what you get is centralization over time. The largest miners have the lowest cost-base, making the most profit, being able to reinvest more in ASICs, increasing their share of consensus over time. + +This isn't some radical, unsupported take. The theory is quite clear, and is why we tend to have anti-trust legislation in most countries. Research also backs this up, I'll link to some papers on it at the bottom of this post. + +**FUD, China is banning mining so miners will disperse more broadly, we have Stratum V2 coming, miners will join different mining pools, nodes are the ones that matter not miners, we don't see 80% belonging to one miner now!** + +None of the above changes the centralization in consensus power over time. It doesn't change the economic rationale. China banning mining means there is **less** dispersion, as there are now fewer locations where mining is possible. Stratum doesn't fix the incentives. Miners can join different mining pools ([though history shows they don't](https://en.wikipedia.org/wiki/GHash.io)) but it's about the underlying miners, not the mining pools. Not to mention that mining pools themselves are far more centralized than most people think (see 3) in the links below). Nodes can check the chain all they want, those with the consensus power decide whether to include transactions. If I had a majority of mining power, I wouldn't outright show it. I would send in increasingly higher fee transactions, forcing people to pay a lot for me to process their transaction. Unbelievable? Check [Miner Collusion and the Bitcoin Protocol](https://cowles.yale.edu/3a/parlour-miner-collusion-and-bitcoin-protocol.pdf) to see that hundreds of millions in excess fees are already being paid. + +**Good thing I'm not in Bitcoin but in -insert other PoW coin here-.** + +The incentives and trend aren't different for other PoW coins. It's just less visible as Bitcoin has a larger market cap, so the incentives are biggest here. + +**Mining is terrible for environment anyway. Good thing I'm in PoS coins!** + +Right. + +Without economies of scale in consensus, PoS is immune from this centralisation over time, right? No, and this series of steps should be even easier to follow than that for Bitcoin. + +When you stake the most coins, you get the most rewards. Those that get the most rewards grow fastest. In many PoS cryptocurrencies you need a minimum amount to stake in the first place. As a regular user using the network, you might not want to lock up your stake but rather use your coins to transact, paying fees while doing so. Some cryptocurrencies try to make the network seem more decentralized through maximizing the size of a single pool, which is a bit like saying that we can increase Bitcoin's decentralization by splitting AntPool into Ant and Pool. Nothing has changed, if anything it's simply muddying the waters by obscuring how centralized the system really is. + +All this might not matter much to those in crypto for trading/short term gains. However, the literal defining property of cryptocurrency is being decentralized. It's the mechanism to ensure security, it's what provides the underlying value in the store of value narrative for Bitcoin. It's why we are okay with sacrificing some performance relative to centralized payment processors/apps. By becoming ever more centralized over time, cryptocurrencies' security and underlying value is decreasing over time, rather than increasing. + +# Possible solutions + +The common thread in both PoS and PoW is that there are mining rewards. These rewards are offered in compensation for investing in hash power, for locking up a stake, for securing the network. It's the incentive that's needed to make people spend money, render their coins less usable, or otherwise take some form of risk. + +The simplest solution then is to remove these mining rewards. Remove block subsidies, remove fees, and there is no centralization over time inherent in the protocol as the big do not get bigger. As far as I know, only two major cryptocurrencies are both feeless and inflation-free: Nano and IOTA. Both chains rely on other incentives for transaction validation. In Nano's case, the theory is that wanting trustless access to the network and deriving value from the network [incentivises people and businesses to run validators](https://senatus.substack.com/p/how-nanos-lack-of-fees-provides-all-the-right-incentives-ee7be4d2b5e8). In IOTA's case, the incentive is that by validating others' transactions, you give yourself the option to transact. [See here](https://luka99.medium.com/the-tech-behind-iota-part-1-introduction-b8f82775325a) for a longer take. + +Does this have trade-offs? In both IOTA and Nano's case, the feeless proposition meant needing to look for a different transaction prioritization and anti-spam mechanism. In both cases, a small (tiny, rather) PoW is needed to create a transaction. In IOTA, prioritization under congestion is done through [mana, which can be rented](https://blog.iota.org/explaining-mana-in-iota-6f636690b916/). In Nano, since recently prioritization is done through a combination of [account balance and time since last transaction](https://senatus.substack.com/p/nanos-latest-innovation-feeless-spam). + +It needs to be said that this IOTA implementation is still mostly theoretical on mainnet. They've had trouble the past years actually getting IOTA working without a central coordinator (making IOTA's mainnet centralized for value transfers), because the Tangle that IOTA uses is notoriously complicated and difficult. The IOTA Foundation claims to have found the solution now. As someone who has been following IOTA for a while and gotten burned during that time by believing the timelines they announced, I take a wait and see approach here. That being said, the lack of centralization over time is clear. + +In Nano, a [recent spam attack](https://medium.com/nanocurrency/nano-digest-new-exchanges-development-updates-partnerships-team-updates-and-more-510d65e15f65) lead to issues following which the aforementioned prioritization by account balance and time since last transaction began to be implemented. However, Nano's proven to be able to handle [millions of transactions per day](https://www.publish0x.com/cryptowriting/the-spam-attack-on-the-nano-network-summarised-xykoqpz) on its mainnet. More importantly, having had a decentralized mainnet for years, Nano is proving more than any other cryptocurrency that it is possible to have a decentralized cryptocurrency without fees and without inflation with high security. Over the course of \~120 million transactions, Nano has never had a doublespend nor chain re-org, something many other cryptocurrencies can't say. Over the course of these years, there have consistently been many validators running, validating the theory that without fees and inflation, there is enough reason to run validators. Without mining and without staking in Nano, centralization over time is absent from Nano at a core level, leading me to believe that unlike 99% of cryptocurrencies it's not screwed in the long run. For more information on the design and consensus of Nano, [see also this article](https://senatus.substack.com/p/the-basics-of-nano-why-its-such-an). + +# Making a long story short + +Every cryptocurrency that has fees and/or inflation has a trend towards consensus centralization over time. This centralization degrades the security and underlying value of a decentralized network over time. This may not be obvious yet, but without countervailing forces there is no reason to believe this trend will reverse over time. Feeless cryptocurrencies like IOTA (theoretically) and Nano (in practice) solve this through a lack of mining rewards. I believe this is the best (only?) way to ensure true decentralization in the long term, and believe that true to the title of this post, cryptocurrencies that centralize over time are screwed in the long term. + +I'd love to hear what PoS/PoW coin supporters think of this, and where the mistakes in my reasoning are. If there are other cryptocurrencies that are also feeless/inflation-free, I'd love to hear so too. + +&#x200B; + +&#x200B; + +1. [Trend of centralization in Bitcoin's distributed network](https://www.semanticscholar.org/paper/Trend-of-centralization-in-Bitcoin's-distributed-Beikverdi-Song/469072daa94eff4a9ea88c7f828cbdf1269768dd). +2. [Decentralization in Bitcoin and Ethereum Networks](https://arxiv.org/pdf/1801.03998.pdf). +3. [A Deep Dive into Bitcoin Mining Pools](https://weis2019.econinfosec.org/wp-content/uploads/sites/6/2019/05/WEIS_2019_paper_30.pdf). +4. [Centralisation in Bitcoin Mining: A Data-Driven Investigation](https://medium.com/tokenanalyst/centralisation-in-bitcoin-mining-a-data-driven-investigation-7fb0caa48157). +5. [Miner Collusion and the Bitcoin Protocol](https://cowles.yale.edu/3a/parlour-miner-collusion-and-bitcoin-protocol.pdf). +Edit: so many pm of steaks! Didn't think this username would actually work! thanks for the up vote party and all the kind words! To those of you who pm me saying it wasn't a good idea to keep the balance over years and that I lost thousands in interest, I get it. However, I did what I needed to do to feel secure financially and am happy to have waited until I was absolutely sure I could part with such a large sum and not fucking freak out. + +Your kind words are an inspiration and I would love to hear about everyone who commented reaching their financial goals in the near and far future! + +Tl;dr: just dipped into 10k plus of savings to pay off 4300 of credit card debt that I had from 4 years ago. + + +When I got out of college I made several financial mistakes: I took a position in another state that paid very little (32k), leaving my parents home and paying for my own move (yeah I left living rent free to move to another state for a piss poor sales job. It was 2012 and I was convinced that I wouldn't be able to find any type of employment so I jumped at first chance). + +Got an apartment that was in a bad area but it was 500 a month; about 9 months into this job I got fired due to not meeting sales numbers. During that time I had been "living it up" and charging thousands to my card every month. I also purchased a small condo with down payment help from my parents. + +After getting fired I sunk into a deep depression, and started having panic attacks. Took another sales job that paid even less and charged on my card for the sake of surviving. At my lowest, I got angry and started attacking the problem: low income and cutting expenses. + +I interviewed at over 20 places and cut expenses down to food, gas, electricity, and rent. I turned down several job offers that didn't pay anywhere near what I needed to achieve my goals (which was primarily not having a shitty life and not loosing my condo). I soon secured a position, while not what I liked doing (sales) did manage to pay 48 k. + +I kept my budget pretty tight but started to enjoy a few small comforts; was also determined to get the fuck out of Arizona so I started spending money that wasn't going to minimum paymentsat improving my property. + + +I could have realistically paid off this card at that time with a disciplined payment pla, but I was constantly scare of being fired. I chose to make minimum payments and pad my savings to well over 12 months of living expenses, then into the property. + +March 2016 I took another job that paid 53k but was not sales; July 2016 I was promoted and asked to move Washington state on the companies dime. Income went from 53 to 80k. Still was crippled by the fear of getting fired or something medically happening so I still didn't pay the debt in full. + +I sat looking at my credit union account (thanks pf banks are for suckers); I have 12 months of expenses in savings, company match on my 401k, and plenty in checking to meet monthly expenses including some fun trips I had planned. + +It took everything in me to click to pay that 4300 in debt down; I expected a rush of finally being out of credit card debt but I don't. Not sure if it will sink in but I thought I would share +I am currently working Paye for a company on a 70k salary. Standard holidays, pension contributions 3%, sick pay. It's a fixed term contract. + +I have been asked by said company if I would be comfortable switching over a freelance contract for the rest of the term. They would pay me 300 pounds per day. + +I have the feeling I am going to lose out on this arrangement since 70k/(256 working days - 28 holiday) is roughly 300 a day but then I wouldn't get any sick pay or pension. On the other hand I could save some taxes on equipment and a few expenses. + +What's your view on this ? Am I not seeing something important here ? +Elon Musk engaged in a brief affair last fall with the wife of Sergey Brin, prompting the Google co-founder to file for divorce earlier this year and ending the tech billionaires’ long friendship, according to people familiar with the matter. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Now that I'm approaching FI I am thinking about how to properly make a decision on when to spend money when it comes to my overall life. + +It's no secret that we wont live forever. It can be really challenging to properly make decisions that shape your overall life. + +I have created myself a death timer which I sparing look at and I write down dates that I calculate my death. I think I put my death around 79 years of age which is the average for a male in the US. This number helps me calculate how much time and energy I'll have left to be alive, which arguably a more important number than the FI target number. + +This number battles with the FI target number in terms of knowing when to tap into the FI number for the overall quality of your life. However, not everyone wants to shape their life in the same way. What are some of the thoughts of the users here when it comes to this? I think it's a very complex topic, but I figure the common lifestyle here is to save up 1mil to 2mil and live as a minialmlist for the rest of life while enjoying passions. With this mindset it seems easy to always delay gratification as in not buying a video game that you would really enjoy or not thinking about having children etc. + + +Perhaps this is a more philisopical question entirely. How do we live our best life? +As BAT was added to Bittrex and is performing good, (within top 25 coins already on coinmarketcap), and inspired by https://bitcointalk.org/index.php?topic=1947499.0 +what are your thoughts ? +Cardano is obviously one of the most popular and widely discussed cryptos in the market +We don't want to be left out so [here's our ADA perspective](https://swapzone.io/blog/cardano-price-prediction?utm_source=reddit&utm_medium=social&utm_campaign=promo) +Though do remember that not all predictions come true, so it's more of a theme to discuss than an advice. + +https://preview.redd.it/oezd7q69afd81.png?width=1920&format=png&auto=webp&s=93310026be2ebba8615de10089f1e6490092efae +Like many, I have some crypto holdings which have recently taken a beating, and I’ve gone through the feelings of anger and self-doubt, though now I’m squarely in the realm of “well fuck it, we’ll see what happens I guess.” + +In all honestly do you think we’ll see a bounce back? And more importantly, for those of you who got caught flat-footed, or bought a dip that kept right on dipping, how are you holding up? +This is going to be long but would be more than grateful for opinions from you guys :) and I hope here is right place for this haha + + I just started 10th grade and abso-fcking-lutely hate this. I have great grades(for very hard work since my memory isn´t best, so staying till 1-2am is normal which I hate a lot. Just repeating one thing 100 times and still can´t remember it...) but just waking up at 6, getting home at 3-4, 1-3h more homework.. Just not for me and for what, honestly?? + + I just think that school isn´t that useful for me. I would only miss friends(but I kinda think it would still be worth it) history, languages(estonian, english, russian, french and mandarin) which I could study as well from somewhere else. + +Everything else isn´t really important to me since I am 100% certain that I want to earn living(at first) with investing in cryptos(and school won´t really help me with that.) and later in life make my own business, product or whatever(I have few quite good ideas too) with the crypto gains. I just want to do things when I want, not when my teacher or whoever says.. + + Just think how useful it would be if I learned TA and FA 8-9h everyday like I do at school+ active trading and news reading that I just don´t have time for rn.. Then when I turn 18 I could probably move out since I already have quite a nice amount in cryptos currently+ a lot of knowledge about all this. But if I continue school, learn all of above at this rate that I am currently(which is still quite a lot but would definitely want to learn more), I wouldn´t have such a head start when I turn 18 and since when I get 18 I´ll get kicked out..with not enough knowledge in investing I couldn´t live of that long enough and I would have to do something that I never, ever want to do... 9-5 job for let´s say 5-10eur/h. Then AGAIN I would be in same situation...not enough time to learn investing. + +I absolutely know that my parents are against it(at first) and 100% saying something like "You´re so young, you have time, just finish your school and then do what you want" which is true but... I don´t want to "push things to next day" and I hate school learning and absolutely love learning about TA and I could plan my time MYSELF and mostly this "when I get 18.." thing above but if I truly have decided I want to do this I might have a chance. My dad has always supported me sooooo much when that thing is actually useful and he knows how much I love working with cryptos and how mature my thinking is(not trying to be egoistic here) and my big decisions aren´t random and very, very thoughtful in every way so maybe... Just maybe this thought/ dream would come reality soon. + +I just want your opinions on this. I´m very open to criticism, this might be very dumb idea too because I haven´t had this idea for that long(atleast not this seriously). Thanks and good luck to you all :) + +P.S- Someone just please make school for learning cryptos and investing and I would come there in a heart beat haha + +EDIT: Guys you have no idea how much this helped me and gave me motivation! Last days I just didn´t care at all about school or honestly anything. Only thing I was thinking was about should I drop out but this put me back on track. I will finish my school, do what I do now but bit more and then go full crypto(probably). Again, thanks :) +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! +My partner is self employed and in the process of transferring all her previous pension into one pot. + +She finds personal finance and pensions a bit complex and hasn't the time to get her head round it so has got a company to handle the transfers and to actively manage the pension fund. + +She tells me the transfer and ongoing annual service fee is 3% of the fund. This seems insane. + +Am I right that this is crazy high? Can anyone recommend alternatives? + +Importantly, can someone in the most basic terms explain why this 3% fund is not advisable vs a pension fund with lower fees (so I can pass this info on). Real world £ amounts to make the point hit home would be useful. + +Ta! + +Update: so we looked through the documentation. It's a local Financial Services company. They just handle the transfer and set up and have recommended an Aviva pension. The initial fee is 3% and the ongoing annual fees come to 1.48% in total, which is much better than we first thought! Still, my partner is quite alarmed by how much that would eat away at her pension over the next 30 years. I'm going to look into to some SIPPs for her. I like the look of the Vanguard Target Retirement - it might be the perfect fire and forget type of plan that she wants and I think the fees are a fraction of the Aviva one (0.24% ocf). + +Thanks again for all your comments! +I hate hate HATE these questions. I know it's a lose-lose situation of I disclose my salary. So how do I politely say no? + +Thanks in advance :) + +Edit: Many thanks to those of you who replied politely and respectfully 😊 +Hey y'all! Credit for this find goes to /u/Potential-Dog-67 who does not have enough posting karma. Go give him some love! + +What he found is this document which outlines the all-to-familiar by now story or illegal naked shorting: https://www.sec.gov/comments/4-639/4639-7.htm + +The stock in question is SFIO.PK, and the date is October 15, 2011. + +You know, I thought Gamestop is in a unique position, and it is, but the naked shorting abuse has been going on seemingly forever, for decades, the SEC is complicit, DTCC is criminal, etc you guys already know. The ^ found document is short and easy so you should read it. I'll reproduce just a few phrases below: + +"We believe that they are attempting to cover the phantom shares and deliver real shares into customer accounts by way of keeping the stock locked until they can buy enough cheap shares from investors who have no choice but to finally cut their losses... + +"the regulations in place now are very weak and allow unregistered foreign clearing houses to naked short without any consequence as those clearing houses are not even considered in the Reg SHO ruleset. As for the registered clearing houses, all they have to do is simply shuffle a FTD position between their friends back and forth forever while the DTCC protects them from a huge market of buyers by not allowing the brokerage community to allow individual investors to buy the stock, only sell the stock." +Hey everyone, as the title says, I work for a wealth management firm that specializes in private wealth but we also do the backend office work for the majority of the banks in my country as well as facilitate transfers from our countries version of the IRS to retirement funds and banks. + +Recently we had a 'meeting' about blockchain, crypto and NFTs and holy shit the firm was really onto it all. We regularly hear the FUD about the environmental impacts of crypto against something like visa or how it can be used by criminals for illegal activity. My firm knocked them out of the park, they pointed out how those comparisons are BS because they dont account for the total carbon footprint of the traditional banking system. They actually went in depth to point out that lots of newer crypto currencies are using PoS over PoW which means we're using less energy and that a lot of the larger mining facilities are right next to energy production plants, typically green energy plants such as hydro. + + +They also mention that crypto is actually less commonly used for criminal activities than good ol FIAT. You know what else, they actually defended NFTs. They pointed out that they can be used for tickets, passports and more than just jpeg files of bored apes. + +Our company is actually intending on creating a subsidiary company based around blockchain wealth management. + +People you have just received a brief inside look into a foreign private wealth management companies view on cryptocurrency. When you hear on the news about governments being unsure about it or FUD just remember, the big boys dont give a crap and they're coming to make money and if crypto is where it is, thats where they are going. + +Oh and they said something about 2B people being unbanked or something and how crypto helps fix that which makes them bullish but whatever, who cares about TWO BILLION PEOPLE who stand to benefit from the expansion of crypto am I right lol. + + +\[EDIT 1\] More information around environmental concerns added. +Finally though, it's insane they expect everyone to use that disgrace of an app. + +Customer services have been told apparently, as I've been told: + +" Hey Joseph 📷 It's nice to hear from you again, how're you? Apologies for the delay in getting back to you. Ah it's not available right now, we're really excited about the launch of Google Pay though and we are working through the detail of implementation and will make a further announcement on timings in due course. -Perry " +I make $60k/ year with a nice bonus that I do not invest (I use it for home improvements yearly). + +Anyway, I’m in my mid 20’s and put 15% of my salary away. My company matches 10% and I currently have $28k in my 401k. Vanguard says I need to be saving more, but I put more in my 401k than I do in my savings. Is this right? + +Edit: went to work and when I popped back on to check this ended up getting more answers than I thought. Thank you all for your help! +I know 80% of the people here are willing to throw their money in a blender and drink it rather than take solid financial advice. That being said, I really hope some of you take the time to read this and potential save yourselves money and stress. + +If you believe in these stocks; GME, AMC, BB, etc... you should be buying the stock itself and not options contracts. The Implied Volatility is at absurd levels, and if you don’t know what that is, then you shouldn’t be buying options contracts without looking it up. Because IV is so high, it makes it much much harder to profit off of buying options contracts because they become way overpriced. Your better option here is to just buy the stock itself, as it is a safer store of value. The people posting massive gains owned those contracts before the massive surge in price, so they’re seeing compounded gains from the movement in Delta and rocketing IV. If you’re throwing your money in now, don’t be the one buying an AMC 6/18 73c for $2500... it’s a waste of money and if the stock price stabilizes as all you’ll lose a decent amount of money, even if the stock price goes up. + +Also never pay for a cheap hooker, it’s not worth the money and you might wake up in a bath tub filled with ice and missing a kidney. +In the title basically. I can’t afford to buy what I would want to live in where I live, but I live in an apartment right now and love my lifestyle. I am also rent controlled so I don’t feel pressure to move. + +I would still like to be exposed to the RE market. Would it make sense to purchase a property that is not where I live (maybe a few hours away) as a rental with a large down payment? Ideally, I want to do monthly rentals geared towards business travelers so that I can book it for 1-3 months, clean it myself, renovate, and rent again. + +Or, would it make more sense to save that money until I can buy a home to live in? What would you do? Thanks :) +I am in the middle of closing on a cash deal with my brother as a partner. Now some may argue not working with family, but I am not here to discuss that. + +We are going on an equal split buying cash and looking to refinance after fixing it up. A classic brrrr. + +Now, before we finish closing on the property, I would like to know how we should join together because of refinancing. I currently have a careet making really good money and will have no issue refinancing with my DTI. My brother on the other hand is back in school finishing up after serving in the military. He was able to save a good chunk of money while serving which is how he is a part of this deal. + +We haven't formed an llc yet. But I was wondering if we enter a Joint Tenancy on the property, would that cause any issues down the line when refinancing because he doesn't have any income? Would the banks frown on 2 people owning it instead of just 1? So would it be better to just keep it in my name if we don't put it in an llc? + +And if it is put in a brand new llc, how do they look at financing a property? Our incomes, or the income of our company which would be 0 at the time? + +Edit: I apologize for the blundered title and any other errors in the post. I was typing fast on my phone and did not double check everything. +Basically, the last house I bought, I bought in cash. I own it out right, nothing funky, it is mine. I have only $5k in low interest debt (aka paying the minimums) and I make $70k/y at my W-2 job. 750 credit score. + + +According to the internet banks are willing to write me up to $350k in debt. + + + +I am looking at buying another property and taking the money out of the first house via HELOC and using it as a down payment. Currently looking at properties in the $80k range, so completely affordable even with 20% ($16k) coming out of my HELOC and $64k coming from a mortgage. + + + + +I plan to owner occupy the new property for a year because if I do, then I can do 20% down, if I do not, I need 30% down. The HELOC rates are going to be more like 5.5% and the mortgage is more like 4.5%, so I would rather take the lesser interest rate on the money. The two properties are ~a mile apart, so no real lifestyle change. + + + +How do I go about getting my HELOC? Do I tell them that the HELOC is on an investment property? Or do I tell them that I live in the HELOC home (because I do currently) even though I plan to move in a month or so? + + + + +Also, is there a better way to structure this? Because I choose to max my retirement accounts before buying RE, I will only save ~$5k to a downpayment in the next year if I don’t leverage my current assets, I realize this is a choice, hoping someone can help me come up with a “best course of action” + + + +Edit: Michigan +First time REI, here are the deets. + +&#x200B; + +6plex, college-town, 2/1.5 2-story townhouses + +List Price: $390,000 + +Repair: $10,000? How to determine accurately? + +Closing Costs: $8,000? How to determine accurately? + +ARV: ? How to determine accurately? + +Gross Rent: $725/unit = $4,350/mo (estimated from rentometer similar units next door) + +Prop Tax 2018: $5225 (calculated based on 2018 assessment and millage rate) + +Electric, Water/Sewer, Garbage, HOA = $0 + +Insurance: $140/mo (estimate) + +Vacany and Repair/Maintenance: 10% gross rent + +Capex: 8% gross rent + +&#x200B; + +Financial Estimates + +25% Down, 4.7%, 30 year + +Cash Needed: $115,500 + +P&I: $1,517/mo + +&#x200B; + +Monthly Cash Flow: $1,041.56 + +NOI: $30,700 + +&#x200B; + +50% Rule Cash Flow: $658 + +2% Rule: 1.07% + +&#x200B; + +Notes: + +RR Permit pulled in 2013, so currently assume new roof at that time. + +2017 and 2016 taxes not yet paid, \~11.5K, looks like another party owns the tax certificates? need more info on how that works as far as payoff. Numbers above are not reflective of incorporating that need w/ cash and financing. + +&#x200B; + +Who should I talk to about getting accurate numbers for each of these estimated things? + +What do you guys think? I was thinking about house hacking it as well. No idea if I could do FHA on 4 of the 6 and traditional on the other 2, doubtful, but welcome any insight. + +&#x200B; +I sold bought and sold a few units over the years. Right now sitting on some cash and enjoying not going into the Rat race office way more than I thought. What would be your angle in this market? I have a few ideas with duplexes +I’m a super rookie to real estate. Been doing a lot of reading, podcasts and talking to more experienced investors, but never invested. Finally pulled the trigger on what I thought was pretty decent. + +Got the price on a tri-plex down to 93k +1/1 rents for 400 (No rent control, will get it up to 600) +2/1- vacant but market rate is 750 +2/1 rents for 500 but will get it to 750 + +Tenants pay utilities except water/sewer. Approx 1500 a year. + +Insurance is 1100 a year. + +Units are in good condition and are refreshed. + +Interest rate is 3.75 and my monthly including tax and insurance is 495 not including property manager and water/sewer. + +Thank you!! Hopefully it all works out! +What are some things you do in your rental property before it hits the rental market? + +Things I have learned from others include: removing all carpet and installing LVP, adding a vanity (ledge) back splash in the bathroom to minimize water damage to the wall, installing water guard at both ends of the tub, adding door stoppers, wiring bathroom light and fan so that they turn on/off together +I have an income with my wife of 300k and we want to buy a condo or house in LA to rent out and use occasionally ourselves. + +How should I go about financing a property given our income and deciding where to buy in LA if the purpose is renting out to cover most of our expenses and monthly payments? +Hi guys- I'm interested in buying a second rental house but have heard so many horror stories (on this sub) about being a landlord or working with management companies that I'm hesitant. I don't trust my experience with my current rental to be the norm because I live next door and the management company has been completely on the ball. I just get a direct deposit once a month and never think about it except for when we replaced a furnace that was 32 years old. + + +As a small business owner for over 10 years I believe I have a high tolerance for "shit happens" and don't hesitate to spend money when it needs to be spent. I also think I am running the numbers well, at least as far as I can tell according to my research and study, and think I can have positive cash flow in the long run. My ultimate goal would be to quit my day job eventually and live off rental income and pet projects I enjoy. + + +Does every single landlord live a life of hell and stress or do some have happy content lives with low stress? AM I seeing a bias because you don't post in places like this when things are good but we certainly do when things are bad? + + +I appreciate your feedback! +I'm trying to get my second building and everyone wants 20 percent down but I have heard of investors getting less down. How's it done? I've tried the banks I've had the longest history with. They are not interested. + +I can get a HELOC on my residence but was hoping to avoid it. +Folks, can anyone give me 5 reasons that real estate investors need attorneys? The first one I can think of is to conduct closings. Then do foreclosures. But after that, my mind goes blank. Thanks in advance. +Hey everyone, thanks again for all your help. + +I've got about £100 a month coming in that isn't really budgeted for anything so I've been dabbling with investing it. I initially opened up a Moneybox account which spread my investments for me over 80% global equity funds, 15% bonds and 5% cash funds. + +I want to close my Moneybox account because of the fees now that I have a little bit more knowledge of the system, and was going to move my cash from there to a Vanguard S&S ISA. However, I don't seem to be able to spread my investments in a way I'd like with the money that I have. + +From what I can tell, I need to put a minimum £500 into *each* fund I invest in, so if I wanted to initially invest in, for example, FTSE Global All Cap and FTSE Emerging Markets, I'd have to put £500 into each rather than, for example, a 400/100 split? + +Similarly with the monthly deposits, I'd have to enter £100 into each fund? + +I'm not averse to just putting everything I have into a single fund if that's all my budget permits for the time being, but I would like to experiment a little too. + +I hope I've not come across as too ignorant. I just want to start dabbling a bit more with the small-ish amount of cash I have available right now. +I'm pretty new to this community, and after looking through various types of FIRE, CoastFIRE seems to make the most sense for my situation. + +I'm not sure if my numbers are 100% correct, but as far as I can tell, if I manage to save up around 620K by the time I'm 30, then I'll be able to coast until 50 and then have a safe withdrawal of 100K per year waiting for me. (Assuming 7% inflation-adjusted growth, and a 4% withdrawal rate) + +First of all, is that really correct? Seems a bit too good to be true. + +Second, does this mean that I can just spend 20 years making sustenance level money, and travel the world/read/do-whatever? + +Obviously, this is dependent on not having kids, and not taking super extravagant vacations. But I don't see kids in my future, and my SO and I don't need fancy things. + +Currently, I'm 25 with around 300K in retirement+savings. I'm pretty sure I should be able to stockpile the other 300k in 4 or 5 years. + +The biggest issues I can see are: + +1. Unexpected expenses + +2. Having a huge gap in my resume if I ever did need to go back to work + +3. Suddenly developing a taste for caviar (i.e. changing my mind in my 30s or 40s, and not having money to do expensive things) + +Does this seem like a good idea? How would I handle medical costs during the coast period? Is there something big I'm missing here? + +Thanks for any input you might have. +He said its because growth stocks dont tend to do well when interest rate rises. Why might this be? Is it because growth stocks rely on debt to finance their growth and operations? He specifically said to turn away from Big Tech and other growth stocks as the fed rises interest rates. +I’ll keep it short, I’m leaving the UK the end of this year are there any tips to help keep finances in a good position? + +My travel costs are set and covered. + +Tenancy on my apartment ends beginning of December. + +Have a moderate amount of savings. + +No debt or any dependencies. + +Two credit cards with no overseas charges for emergencies. + +A good credit score, although I expect this to tank as it did on a previous trip. + +Any advice would be excellent. +I remember few years ago hanging with my friend who was showing me crypto. I saw a list of the most active crypto with BTC trading at around 2k I believe and ETH at 100. I was an idiot and told him how I wasn't sold on the world of crypto, but that was when I was a broke student and now I hold a good amount of crypto. The reason I ask this question is the top 100 was nothing like it was today. I remember him talking about Ripple like it was the next big play, but now no one talks about it. + +My question is more directed to coins that had an immense amount of hype behind it and now you rarely hear about it or simply it became a failed project. I believe this question is a good one for people to have an understanding of what to look for or how not all projects survive after a bit of time. +Firstly, when I refer to Growth vs Value, let’s assume I mean the holdings of VUG vs those of VTV. + +Anyway, after spending a couple of hours per day for the last couple of months reading up on the macro economic environment and trying to gauge where things are heading, I have come to the conclusion… It a futile exercise. It’s a very complex system with no underlying unifying logic, and nobody knows a whole lot about where anything is heading right now. + +Regardless, let’s go with the general consensus for arguments sake, that there will be a recession that sets stocks back around another 20% or so which would be 40% or so down from the ATH. + +From my point of view, the fundamentals don’t currently look great for either growth or value stocks. Considering the state of play, there’s no real reason the market as a whole should be higher than it was in say, Jan 2020, but it is. Earnings estimates still look quite rosy from here, so will most likely trend further downwards. Again, who knows. + +Based on the current outlook, prevailing wisdom as of late has encouraged people to shift to value stocks and buckle down with some ‘recession proof’ stocks, or those that do well during periods of inflation. You know the ones; companies with high pricing power, low capital expenditure on operations, ROI on capital higher than cost of capital, high free cash flows, essential to consumers, etc. + +I definitely agree that shifting to value would have been a smart move about 6 months ago, and I am not going to try and argue against investing in inflation resistant stocks, but what I will say is that if you are looking forward and considering acquiring stocks right now to make a return in the long run, value stocks are not necessarily the way to go. Not only do many growth stocks meet the above inflation resistant criteria, but many are getting to attractive prices for the first time in a long while. Case in point, S&P 500 growth stocks are down over 30% from their ATH already. S&P 500 Value stocks are only down 12%. + +Personally, my strategy has been to accumulate iShares Russell 1000 Growth ETF while it’s down, and continue acquiring it while it goes further downwards to get a reasonable average price per share for when it rebounds. If you look at the top 10 holdings - Apple, Microsoft, Amazon, Tesla, Alphabet, Nvidia, Meta, Visa, Home Depot - it’s more likely that these companies will recover faster when things eventually improve, and IMO they have better medium to long term prospects, especially at a potentially discounted price. + +Since starting my shift from VOO 3-4 weeks ago as well as investing some spare cash, I’ve gotten in at an average price of $226, which is about 27% down from its ATH. I plan to continue acquiring more during the dips on a regular basis as things get worse. + +My logic is that if my portfolio is made up of large cap growth companies acquired at, let’s say, 35-40% down from their ATH, then even if things are worse than expected, it still shouldn’t take more than a couple years to regain my investment value. + +On the upside, if things are not as bad as expected and things rebound, I’ll have acquired these stocks at a discount. + +The reason I’m saying this is because there seems to be this growing consensus that everyone should be looking at low volatility, high dividend, stable value stocks from now on. This would have made sense at the start of the year, but I don’t really see any reason for this now. It feels like retail investors (like myself) are always a step behind. + +TLDR: IMO, large cap growth stocks will perform better when we eventually begin to recover and nobody knows when this will be. So, instead of being super late to the ‘buy value stocks’ party, why not arrive early to growth stocks. + +This is just my opinion, and I’m totally open to being wrong. I’d love to hear other peoples thoughts on this. +I was under the impression that everyone (in bands A-D) who paid by DD would be getting the £150 this month, but I don't know anyone who's received theirs yet. +Yesterday there was a lot of people claiming there would be massive price drops today just as soon as the China markets were open, everybody was in panic and everybody was expecting a black Wendnesday today. Well, as you can see nothing happened (just a little dip). That proves nobody in this sub knows what the fuck they are talking about. Shit I dont even know if after posting this the markets will crash or go to the Moon. Nobody here knows what will happen. Evergrande could go bankrupt and that could cause crypto to go to Mars. Evergrande could announce it's been able to pay all it's debt and crypto could crash to oblivion. Nobody knows what will happen, there's no way of predicting what will happen. Past performance of the markets shouldnt be used for making predictions and technical analysis is basically astrology with charts (specially on crypto). All the posts predicting crashes are FUD written by people that dont even know they are spreading FUD. Just remember that analysts have successfully predicted 11 out of the 2 economic crisis of the last 20 years. + A lot of you are thinking of selling if this hits 1k. I’m not selling at 1k. 1k a share would EXTREMELY good for the hedgies, as they can afford to buy your shares at 1k and survive another day. Due to the low volume trades we’ve been witnessing and the stock maintaining above 300 (couldn’t even break 250 on friday with 3 hours of our asses getting slammed sideways by ladder attacks) I’m confident if this holds we can outlast them to MINIMUM $4,000-$20,000. + +Considering that fidelity and vanguard can support the volume, i’m further confident that Monday is going to be a shit show for the hedgies. +I have been following this sub for nearly 3 years and the advice / posts have allowed me to continually grow my net worth. Now that FIRE seems like an actual possibility for me some day, I got to thinking of the actual mechanics of it all and wanted to see if anyone that has already FIREd could opine. + +Essentially, I'm wondering what the best methodology is and the mechanics behind harvesting your portfolio. Let's just say for arguments sake your portfolio is $3MM and you are using a 3% rate for an annual spend of \~$90K/year. + +How are you accessing this cash flow? Some questions and thoughts I had as I think about this: + +1. Are you paying yourself yearly, monthly, or bi-weekly like a typical paycheck? +2. Are you simply selling shares of your portfolio or choosing to not reinvest dividends and living off the quarterly divs? +3. Are you using your brokerage account as a checking account to pay bills or do you keep investments and standard banking accounts separate and transfer money when it becomes liquid (whether yearly, monthly, bi-weekly)? +4. If selling shares, do you have to be cognizant of markets? (for example, if you were going to sell this month you would be selling in a down market) +5. Do most of you manage tax obligations yourself or hire professional help for that aspect? + +I feel like I have many more questions on this topic and want to ensure I'm setting myself up the right way when the time comes to pull the trigger (which is unfortunately still a few years out). +Hey guys. I've been very interested in FI for two or three years now. I'm 22 years old, and I graduated with a Computer Science degree in December, moving straight into a wonderful, well-paying, stable job. + +When negotiating the terms of my job, I asked for my student loan debt to be paid for as a signing bonus. The amount was under $10k, but that's not to shabby outside of Silicon Valley. Taxes took some of that money, so it didn't truly cover my debt. I used some of it to get rid of my loan which was accruing interest, and the other wouldn't begin to until this month, so I left it. I spent most of the remaining money on my vehicle and other necessities. I've been saving since then and paid off the remainder of that loan today, never being charged interest on it. + +I hadn't had an IRA before, so I saved up my money to max out my 2014 contribution before Tax Day, and opened one with Vanguard. When I'm 67, that $5,500 could be well over 10x that, maybe even more than 20x the principal. This year, I've saved 40% of my post-tax income, but a big chunk of that was spent on loans. Without the loans, it's over 60%. This amount doesn't feel terribly frugal, as I'm still free to spend too much money on craft beer without noticing too much. + +All that's left for this year is to max out my 2015 IRA contribution. I suppose I'll have to get a start on next year's as well. In addition to my student debt signing bonus, I already negotiated a raise for next year, so my savings rate will be able to increase even more. + +I suppose there aren't a ton of lessons to be learned from this, but starting early and saving aggressively already looks like it's gonna pay off. I mostly wanted to tell someone. Thanks for reading and feel free to AMA. +Hi all my favorite apes. I'm not sure this qualifies as a full on DD, but it's at least a mini-DD, and I had to share my smooth-brain ravings with y'all or I'll just stew on it, or bore my wife to tears with it... + +First off, this doesn't change The Way: buy, HODL, and DRS. Perhaps it increases the need for you to DRS, to ensure you get an actual 'unit' and aren't fighting your broker over whether it has an equivalent cash value. + +So, the first bit of data to diligence (or Double Down for the shills in the back row), and the news of the day was the Loopring wallet transfer by the CEO of Loopring in the amount of 61.3m LRC tokens: + +https://preview.redd.it/2zch6jurl2081.png?width=640&format=png&auto=webp&s=701efdc9a4044b592be57eac43c9d4ab0b058887 + +Very exciting, very interesting, it gets the people going. But does it have anything to do with GME? + +Well, we know that GME's crypto team has some ex-Loopring people, so there's those connections, and the job postings are openly discussing Ethereum and an NFT marketplace. GME also will want to be seen as being ecologically conscious, and also not spending huge amounts of investor cash on gas fees, so they're going to choose an L2 solution with rollups, which LRC provides. And L2/LRC enable a DEX (Distributed Exchange) where one could exchange tokens, NFTs, or say, crypto securities (more background: [https://decrypt.co/73356/top-decentralized-exchanges-dex-uniswap-sushiswap](https://decrypt.co/73356/top-decentralized-exchanges-dex-uniswap-sushiswap)). + +Secondly, RC's tweet about "small wee wee" isn't about the size of his "unit", it's about only needing small amounts of "wei", or the smallest unit of Ethereum, to transact the exchange of "units". He's saying that GME can make low-cost, secure transactions happen now, not just for an NFT Marketplace of games or in-game items, which is pretty exciting on its own and I believe that GameStop will do that, but for stocks. And not just any stocks, but digital crypto tokens with smart contracts. Next-gen stocks that can't be rehypothecated, naked shorted or otherwise abused. + +Thirdly, let's talk share count: after deducting insiders and restricted shares, that is currently published as 61.76M by Yahoo. So that's 460k short of the 61.3M LRC. Not a huge difference and I think it's fair to suppose that some insiders (perhaps even RC himself) have bought 460k shares since the last quarterly report. GameStop knows the exact count from ComputerShare, per other DD, so they have the most current numbers. + +Fourth, from reading job posts for GameStop's NFT/crypto group and some of the Twitter traffic, it seems they have set it up in Seattle and given it a lot of autonomy, which is exactly what I would have done in their situation. They couldn't attract top crypto talent to Texas, and a high functioning engineering group would have a hard time co-existing with the more traditional retail corporate environment of GameStop HQ. Plus, they've been poaching top Amazon talent (Director of Finance yesterday), so allowing them to stay in Seattle makes a ton of sense. + +The important aspect of this is that the NFT group is already a separate organization within the company. Spinning them off would not be hard. GMErica? Maybe. + +Finally, and perhaps most importantly, let's take a trip back to June 9th, and the GameStop prospectus for their share offering that raised $1.2B. mmmm... good times. They took care of us and only raised the cash they needed, unlike certain popcorn CEOs. But I digress! Buried in there without much fanfare was a section that describes exactly what they're going to do, just wrapped in legalese and generalized descriptions that at the time didn't give a lot to go on. But now that I have the information above, I think it is the missing piece that ties it all together: + +[Link: https:\/\/news.gamestop.com\/node\/18961\/html#supprom192873\_24 ](https://preview.redd.it/vu3rkucs63081.png?width=832&format=png&auto=webp&s=5fa271c5779b8e875e3f5463b00120afef6ca526) + +This may be hard to read and it's pretty dense. I'll try to summarize as best I can: + +* GameStop defined a new type of offering: a "unit" for any future "prospectus supplement". +* The June 9th offering was also a "prospectus supplement", so they are planning at some point to publish a new prospectus filing with the SEC defining the specifics of the "units." +* The units will be issued in "distinct series," ie. numbered items in a collection. They cannot be duplicated. NFT fits this like a glove. +* They will be issued by a "unit agent" to be designated in the supplement. Could be CS, could be the NFT spinoff, who knows? +* Units will combine "two or more securities". Unit holders will hold each security in it with all shareholder rights. Hold AND Hodl? Will do. +* Units will be transferable "for a specified period of time" only by themselves. I think this is to bundle the price of GME and "GMErica" together for a while, until the spinoff has gotten momentum, revenue and is ready to be out as a public company. +* There will be "material U.S. federal income tax considerations." Really? Why would that be? Oh, wait, that would probably mean shareholders are getting something of value that they must pay taxes on. OK, so what if every shareholder trades in their GME share for a new GME Unit that contains their GME share plus 1 GMErica share? That'd be like getting a dividend, especially if the LRC it took to make the share cost $3 USD. But it's not a cash dividend, and not a generic crypto NFT that has some undefined value. The cost basis for taxes is $3 and it has some unknown market value. +* You can't break out the GMErica share and resell it. Aw, too bad, SHFs! Better get started closing your naked shorts! oops, MOASS! + +In conclusion, I think that GameStop is poised to announce that they are spinning off their NFT Marketplace division as a separate company with its own stock, but are issuing new "units" that will contain 1 share of GME and 1 share of the spinoff NFT Marketplace. These units will be tradable on their NFT marketplace or a DEX of a similar kind, and cannot be separated for some period of time. + +MOASS is inevitable, my apes. Stay strong, hydrate, hold with diamond hands and I'll see ya on the rocket! + +**Edit:** + +A few related thoughts after chatting with more people about this: + +\- RC's tweet about "Hold or HODL" could be interpreted as "stock or crypto", with the natural question of "why not both?" A unit with stock AND crypto could be both Held and HODL'd. + +\- If GameStop makes units a voluntary conversion for any shareholders who want it, then you really will have to decide between Hold or HODL: keep your old stock or get the new units. AND, there will be a mad rush by apes for those units, and once they're gone, they're gone. Ooops, MOASS, their bad! + +\- The unit can contain "two or more securities." What if units contain not just a carveout share of the NFT company, but also an NFT that secures ownership of a physical limited edition Pokemon card in their vaults. That would be completely in line with their business (lawsuit proof), have a cash value for tax basis (retail single card price? $0.01?), and yet have the characteristics of an NFT dividend (limited availability, not fungible for cash). Because units cannot be separated until some time period ends, the price of the unit will rise to include all three items' perceived values. And SHFs cannot get one until that time expires (6-12 months?) +[Biden administration officials will meet](https://thehill.com/homenews/administration/599053-white-house-to-meet-with-oil-bank-other-companies-about-russia) *with executives from various industries including oil companies, clean energy firms and major banks about the ongoing conflict between Russia and Ukraine.*  + +*It will be led by NEC Director Brian Deese, national security adviser Jake Sullivan, Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo.*  + +*Simons said that the meeting will feature companies in the financial services space, including Visa, JPMorgan and Bank of America.*  + +*It will also include oil companies like ExxonMobil and ConocoPhillips, refiners like Marathon Petroleum, and those in the clean energy sector like Pattern and Invenergy*. + +&#x200B; + +**This either means he will ask oil companies to lower rates, and/or commit to remove red tape, and/or (dare I say) funding for the them... perhaps there could be a bullish play for oil.** +I just can't wrap my head on how the IRS diferentiates between bitcoin and warcraft gold(and any other online video game currency). They are both virtual currencies, both can be used to buy virtual and real-life items and services, and both has an arbitrary fiat exchange rate: [link](https://www.gameusd.com/game/product/index?server_id=1004) +This post is a gentle introduction to new cryptocurrency users about cryptocurrency price swings. Many of you may have brought Bitcoin when it went up above 20000$ or higher. At the time of writing this post, 1 Bitcoin = 46200$. + +You may have seen your cryptocurrency balance go up 20%, 30% or even 100%. This may have made you interested in buying even more Bitcoin. "It keeps going up and up, I should buy even more to maximize my profits", this is the thought I had when I entered the cryptocurrency market in 2017. You may get similar greedy thoughts in your head. + + +This is a perfectly expected behavior considering all the positive news you have heard recently about Bitcoin. You have heard Elon Musk talk about Bitcoin. You have seen his tweets promoting Bitcoin. You trust him and think that other large billionaires will probably buy more Bitcoin, which will send it to 100k by July!!! + +You may have seen BitBoy and other youtubers say Ethereum is going to 2500$, Bitcoin to 75K or 80K or even 250K!!! To be honest, I was exactly like you on January 2018. I was really hyped about this, though I was smart enough to sell my Ethereum at 1200$ which was my largest holding. I than brought some stupid useless altcoins and you may have done the same recently after selling some of your Bitcoin to buy other smallar coins. + + +But you need to understand that something that can go up 40% a day can also dump 40% a day. Let me give you and example with the price of petrol or gasoline. You may have observed that the price of gasoline doesn't always stay the same. Sometimes it goes up, sometimes it goes down. But the price generally doesn't fluctuate too much. + +Here, cryptocurrencies also work exactly in a similar way. Though the price swing is much higher because crypto trades 24 hours a day, 7 days a week. Because it can be transferred instantly, it has a higher price volatility. + + +So, if you think it can only go up, you are naïve. Higher price volatility means that when it goes up, it goes up really high, but **when it goes down, it goes down really high as well**. + +One strategy to protect yourself against such price movements is to average your costs. That is instead of buying crypto at once, you split that into 12 (for example) chunks and buy every month. If you check the price of Bitcoin for the last 12 months, you will realize that if you brought BTC this way, your average price per Bitcoin would be around 15000$ - 20000$ (I didn't do the exact math). + +Hence, now that BTC is 46k, you are up over 240%. This is a much safer strategy for new investors. Also, Bitcoin in 2018, went up to 19k and then went down to around 4k, which is about a dump of 80%. + +So, it wouldn't be impossible for it to go down back to 10k by going down 80%. I am writing this because I don't want you to make the same mistakes I made though you will still make some mistakes and loss money xD, I know it. After losing a lot of money did I learn to manage my risks. I hope you have a much better experience with your crypto journey. + +And **enjoy the memes** and the fun community around here. +I'm a huge fan of the man and follow everything he does. However, this is the one investment that continues to baffle me after all these years. + +What does he see in IBM? All this company seems to do is spend their money on share buybacks. +I've read up on bitcoin and I like what it is and how it's used, but if I'm just a gamer who buys things digitally for my xbox would I benefit from buying bitcoin and paying that way or would using a card be easier for me? +Sup Ape's + +So its been brought up in the pas that Kenneth Griffin has created an algorithm that can trade on human behavior in other words to give them the advantage.. However it main use to instill FUD Fear Uncertainty and Doubt..... + +**This is their last straw getting the last drop "** + +&#x200B; + +[Damit, why wont apes sell...I can feel the rope around my neck getting tighter](https://preview.redd.it/0x0m0yp0kn671.png?width=275&format=png&auto=webp&s=341e9e050281dc74720bb8dd81995aed65314c99) + +The algorithm truly was debunked without apes even knowing it simply buy " buying and hodling" ,it was only until recent finding that such an algorithm was brought to our attention on a wider scale. These hedgies are panicking but in the face of their investors they are spitting lies upon lies while the rope gets tighter and tighter. And as of late the move from the Russel2000 to the Russel1000 adds even more you guessed it **pressure.** + +**I have listed out a bunch of hurdles that the hedgies are facing** + +* Apes are not selling +* Apes learned the FTD cycles T+21 / T+35 +* The $350 number opens up large green dildos +* Russel1000 +* ~~NFT Crypto Dividend~~ To date has not been confirmed ? +* FOMO +* Those are just a few,,, and Shitidel, other shorts consciously know that we know what they know. + +&#x200B; + +The only option for the shorts, is to continue dropping the share price ... While the whole worlds financial investors have their eyes on GME...and its on a major discount as we just had the recent share offering that was completed right when we formed the **cup and handle** + +&#x200B; + +&#x200B; + +&#x200B; + +[This Cup & Handel is ready for launch](https://preview.redd.it/j6qk369uen671.png?width=1689&format=png&auto=webp&s=ea63a6a7e2be715fa71961c88628dfcbb6532e08) + +SO now that we have the perfect cup and handel, combined with the share offering...I cant help but say that nipples are getting super twitchy... + +&#x200B; + +If apes combine this with the move to the Russle1000, add in some T+21 and T+35 Fails to deliver apes have the perfect package actually apes didnt do this this was all the doing of the hedgies....now more than ever will there be the most fuckery,... the media has moved on to not even talking about the discount share price " just imagine if they admitted its on sale and whhheeeeeu good gracious...Yes not to be forgotten the movies are still highly correlated to both price movements, not much to speak about there other than I'm happy for them as they have lots of good things happening as well. + +&#x200B; + +&#x200B; + +[They don't know which was to go](https://preview.redd.it/pd5un301gn671.png?width=275&format=png&auto=webp&s=e6c11500ac474a50ba1f633581aa9d4332617ab7) + +&#x200B; + +The price drops apes buy the dip, the price goes apes stare blank faced......Speaking of the share price.....the **dark pools / off exchange trading** is where a large portion of the trades end up...but have no worries the squeeze cant happen there... + +My guess is the SEC and DTC are constantly asking kenny boy " what are apes doing, which way are the apes going" The answer is he doesnt know our apes move because apes are too retarded and only know buy and hodl. + +**NO DATES but.....** + +It would be a good idea to take into consideration the amount of taxes that will be needed to keep money flowing hence **capital gains**...and the fed, banks, all of them know this...so IMO we may have the opportunity to add more shares to the tendie box + +I asked google for the capital gains definition + +" **You should** generally **pay** the **capital gains tax you** expect to owe before the due date for **payments** that apply to the quarter of the sale. The quarterly due dates are April 15 for the first quarter, June 15 for second quarter, September 15 for third quarter and January 15 of the following year for the fourth quarter. " + +The feds will fuk themselves raw with a cactus dildo, if the delay + +. + +. + +**Apes, I must attend other matters of business, I hope you enjoyed this quick summarization.** Remember the data , TA, everything has pointed to the end game where there is always a calm before the storm....when nothing is happening that is when everything is lining up to happen. + +&#x200B; + +**TL;DR** + +Calm down, hedgies r fuk, unjack your tits, go about your daily routine of not looking at the chart all day....nothing has happened until $1.6 million per share...only then may the squeeze have started + +buy/ hodl + +&#x200B; + +&#x200B; + +&#x200B; + +EDIT 1 - Lest you forget, the hedgies are fight this battel on all fronts with the whole market....let that edit rest assure that they are fighting a loosing battle this time around. + +&#x200B; + +EDIT 2 - As stated below I have put a strike threw in the NFT dividend as it is still not confirmed and to date is only speculation as u/StuckOnAutopilot has brought it to my attention below in the comments. much appreciated bud. + +&#x200B; +I'm so excited to be committed to FI, but man have I learned my lesson about mentioning it to others in my generation. + +I don't mean to devolve into politics - but, at least where I live, millennials seem to have an intense bias for certain viewpoints. Viewpoints that make FI people out to be the worst combination of Martin Shkreli and "Wall Street" Michael Douglas. +Edit: By popular demand, here’s the Medium version of this post: https://medium.com/@matrixportfolio/why-use-the-blockchain-instead-of-a-database-what-gives-tokens-value-263449681153 + +I see these questions asked all the time by newbies entering the space, either for specific projects, or as a general question. So I thought I'd attempt to write a detailed yet basic explanation on the utility of tokens, and what justifies the use of a blockchain. + +Basically, blockchain inherits a lot of game theory and incentive methodologies. In order for a blockchain network to be valuable or useful, it has to have participants in a network, it would be worthless if Bitcoin only had me and you using it, there's not much value there in a barren network with not much utility. + +In order to secure participants, there needs to be some sort of incentive to attract them, the most common method is via issuance or reward of the token used in the network, the more participants, the more decentralized it is. + +**So why not just a database, why do these projects need a blockchain?** + +So basically, there are a few key benefits to decentralizing things instead of keeping it in a centralized server/database: + +* Immutability +* Security +* Redundancy +* Overhead/cost reduction +* Accountability/transparency + +**Immutability** +Having records and data decentralized, and deployed on a blockchain makes it virtually impossible for any one party to tamper with data or records. Versus how it is now, if you host your data on let's say, your computer, you can easily edit that file, before you send it to someone else, how can I ensure I can trust you? + +**Security** +Traditional servers or data are generally centralized, making it a likely target for malicious attacks. Just look at the Equifax breaches and other cybersecurity concerns arising in recent times. Instead of having a single or limited # of servers hackers can attack, decentralization via the blockchain greatly increases the difficulty. The more participants/nodes in a network, the more copies of the data there is. Therefore, if you want to tamper with the data, you will need to attack every single node on the network and alter all of their data simultaneously. Not only does blockchain make data tamper proof, it is also hard to breach. Every “block” on a chain contains a certain amount of data, and when that block gets filled, much like a USB drive, it is encrypted and sealed forever. To get the full picture, hackers will need to hack not just the current block, but also every block before it. This is not only technically almost impossible, but it is costly, thereby reducing the incentive for malicious activities. Different blockchains have different security measures and algorithms, this is a generalization of the concepts. + +**Redundancy** +You basically have the same set of data distributed across the world, you don't need to worry if you lose your copy. This provides data resilience to corporations which gives peace of mind from any data corruption, server downtimes, etc + +**Overhead/cost reduction** +Having a decentralized network of nodes to maintain this ledger allows companies to offset and offload hosting, security, and maintenance costs. It removes a lot of the costs of IT staffing, Dev Ops, and infrastructural overhead. For example: Apple's servers are literally under attack constantly. They have teams, and teams of people monitoring their servers 24/7/365. + +**Accountability** +Obviously, with all of the above in place, you can be sure that everything that is logged or deployed on the blockchain, is accurate, and true. + +**All of this results in the ease of trust, and ease of the ability to do business in a transparent manner**, without needing to trust the counter-party. You can simply leverage blockchain technology to let the data and facts speak for themselves. + +Do currently systems and data infrastructures work? Sure, but they are not perfect. They only exist the way they do because there hasn't been technology that could come along and offer a vast improvement until the introduction of Blockchain. + +**Ok but what gives token value? Why are they needed?** + +Well, it really depends on the project. 90% of the projects out there are pure bullshit, but for sake of argument, I'll simply address it for the ones that have actual utility and use cases. + +As mentioned above, tokens are often used as a method of incentivizing participating in a network, therefore, a successful network means there are a plethora of participants, contributing to the decentralization and securitization of a network. The more participants, the more consensus there is that the network has utility, like Bitcoin. It was worth nothing when Satoshi first introduced it to the world, and it was only him on the network. But as it gained adoption, there is increasing consensus now that Bitcoin the token, has utility as a currency, and therefore intrinsic value between participants in the network. + +There are generally a few classes of tokens and each class derives value differently: + +* Currency tokens - Tokens like Bitcoin, Monero, Raiblocks, etc +* Utility tokens - Tokens that allow you to essentially use or perform an activity on a network, such as ETH or ZRX. On the Ethereum network you would need to spend Ether (aka gas), to run a smart contract, etc +* Asset tokens - Tokens that represent an actual asset or product +* Equity tokens - Tokens that basically act like a share, and gives you voting rights + +For a currency token like Bitcoin, it's value is derived primarily on the use case of it being a currency/store of value. + +For utility tokens, value could come from the adoption and usage of the network, for example, the amount of data that gets put on the blockchain, and the amount of information that it's processing, as there are parties willing to pay transaction fees to nodes to process, validate, exchange, and secure that data. This could be decentralized exchanges, or businesses putting supply chain data on the blockchain, etc. + +For an asset token, this could be tied to the valuation of the assets (ie: Cryptokitties could be considered an asset, yet the underlying network powering it is Ethereum, thereby giving ETH value because it is a method of trade, and it now has utility to trade this asset) that it's tied to or represents. If a CryptoKitty is traded and its value is tied to a KittyCoin, then that would make KittyCoin an asset token. + +Equity tokens, this could be valued closer to the investor sentiment and the progress of the project itself. Are they getting business and real world adoption? What kind of voting power will token holders have? What is the future potential and direction of the company? + +So now that we know where value is derived from, what affects their price? Every project and token may have different stimuli or economic models that affect price. Speculation aside, here's a few technical factors that affect it regardless of investor sentiment: + +* Supply & demand - This is likely the largest factor in the valuation of a token, especially today, where the market is purely speculative +* Adoption/utility - Is there any activity on the network? What's the usage like? +* Burn rates - Do tokens get burned over time or upon usage? What's the rate? +* Circulation & lockups - How much is in circulation? Is there any lockups? +* Generation of secondary token (like NEO/GAS), etc +* Staking - Do you earn additional tokens by locking up and "staking" your holdings to secure the network? +* Mined/premined - How much of the coins are released and what's the schedule? Or is it all mined already? + +So as you can see there are a large number of factors that can affect the valuation and price of a token. But at least I hope this post explains the general question of "why is a token even worth anything". + +I hope I've explained the concepts of why a blockchain is needed and the incentive structure around decentralization and its benefits, as well as why tokens are needed and what drives value. If anything's unclear or if I've made any mistakes, please make a suggestion to improve the post! :) + +Good luck! +This post is simply a direct, public appeal to the esteemed Dave Lauer (u/dlauer) to weigh in on the recent options debate, and related topics. If you agree that his opinion would be extremely valuable right about now, please upvote this post to show him that we value him. + +# Now, shills are gonna shill, but to the rest of you, PLEASE HEAR ME OUT! + +First, we have to acknowledge a sad and painful truth: Dave is one of the highest value targets for shills, and the amount of venom and vitriol that has been directed his way over the months has ultimately driven him to keep a very low profile on SuperStonk in recent months. He has directly said as much in his comments, and I think that was absolutely the right move for him personally. That being said, I’m sure this post is going to be downvoted to hell, but if it gets enough support from real apes, it just might reach him, and maybe he’ll post. + +Now, why do I think we need Dave right now? Simply put, he is way fucking smarter than a vanishingly small, elite group of apes. You could probably count on one hand how many active users in this sub are on the level that he is on. The amount of knowledge, experience, and raw intelligence he has is absolutely staggering, and the fact that we didn’t pay more attention to his message in months gone by is honestly a travesty. The arrogance of ignorance in this sub can be overwhelming sometimes. HOWEVER, anyone with even *half* a wrinkle can instantly recognize the astonishing brainpower this incredible man has. **His expertise and intelligence has been undervalued for too long, and we are at such a high stakes moment in the saga that if he should choose to give us his two cents on the matter, we should all shut the fuck up and listen closely, EVEN IF WHAT HE HAS TO SAY ISN’T WHAT YOU WANT TO HEAR!!!!!!** I remember shaking my head in shame every time Dave would say something that was contrary to the ape hivemind opinion. The man would get attacked by shills when he said something that agreed with us, and then he would get attacked by apes when he said something that didn’t agree with us! It was insane, and he couldn’t win. That’s why we ultimately lost him. + +However…things have changed recently. I feel strongly that we are reaching critical mass in the GME saga. This is an inflection of point. The options debate has been intense, and I honestly don’t know what to think of it all. I do feel that we’re getting very close to solving the puzzle, and we may have very well hit on the correct hypothesis recently, but it has yet to be tested. **This could be a critical moment for Dave’s expertise to help refine that thesis, so we can get it right**. **THE STAKES ARE TOO HIGH TO GET IT WRONG!!** + +This post is kind of rambling, incomplete, and incoherent, but I think you get the point… + +*So I will conclude by addressing Dave directly:* + +&#x200B; + +Dave, + +First of all, thank you for everything you’ve done for this community so far. The amount of time you used to spend commenting, posting, and participating in AMA’s was extremely generous, and if you decide to maintain a low profile, we would all understand. You have done more than enough, and we will be eternally grateful for your contributions to this community. I am a big believer in The Terminal, and that alone will make a huge difference in the long run! However, I would just say that even if you think your opinion might not be very useful, or if you think you’ll get attacked for *anything* you say (which would almost certainly be the case), **your words would still make a massive difference!** Please consider it, and I wish you all the very best. + +Sincerely, + +An ape +I had the brilliantly stupid idea of asking r/FIRE (financial independence retire early) why they hate on Bitcoin - and got quite the turnout of nocoiners! Didn't realize how many were still around in 2021. Even got one 2013 miner who thinks it is going to zero! + +Cost me like 30 karma for your entertainment, enjoy: + +[https://www.reddit.com/r/Fire/comments/qgyod7/why\_the\_negativity\_toward\_bitcoin\_here/](https://www.reddit.com/r/Fire/comments/qgyod7/why_the_negativity_toward_bitcoin_here/) +You are probably smart enough not to open random exe files from the internet? Right? You might even drop an exe in to virustotal.com before you + +open it if you are doubting to see how the rest of the internet feels about that file. + +But you probably don't think twice about opening winrar file. [Well there is a winrar exploit now](https://arstechnica.com/information-technology/2019/02/nasty-code-execution-bug-in-winrar-threatened-millions-of-users-for-14-years/), that is going to make millions of victims. + +Here is how it works. You open the wrong rar file with an unpatched version of winrar and a payload is dropped in to your windows startup folder. Which means on reboot you will load up an exe. + +And nobody ever updates their winrar. And rar files are used intensively on usenet and also in torrents. So there are probably at least a 100 million computers with an unpatched version of winrar on it. + +So this is going to steal a shitload of coins. I can guarantee it. + +So PATCH YOUR WINRAR!!!!! Go to https://www.rarlab.com/download.htm and download the latest version. Search and delete and destroy any version on your computer you can find that's under WinRAR 5.70 + +The .dll file that contains the actual bug is unacev2.dll because [the bug is in ACE](https://nvd.nist.gov/vuln/detail/CVE-2018-20250), not in winrar. Winrar has just dropped support for ACE in 5.7 and removed the .dll file from their install. +**All software with ACE support is vulnerable which is not just winrar but also software like Total Commander among others.** + + +Let your friends and family know. If you happen to be on any random computer with an older version of winrar, please replace it with 5.7 or higher. + +If you downloaded and opened that leaks.rar that was posted here today about a big bitfinex leak, well you are infected now. Check %appdata%\Microsoft\Windows\Start Menu\Programs\Startup\ for a file called "IntelAudio.exe" + + +The payload tries to [fool you into thinking it's teamviewer](https://i.imgur.com/P2U5kwh.jpg), probably not the most sophisticated malware attack but more attacks will follow. Winrar simply is a piece of software that is trusted by almost everybody. And now you can't trust it anymore, unless you update. + +All of this is also again a reminder to use a cold wallet/hot wallet system with a seperate computer that can not go on the internet. To steal coins from such a system you need something as advanced as stuxnet malware. Or use a hardware wallet. + + + + + +So I was told yesterday that a distant relative of mine passed away. He was in his late 80s so it wasn't unexpected or anything. I had met him only a handful of times. The times I had he struck me as a middle class guy basically. His clothes were old fashioned and a little worn. He drove a beater car. When we went out to restaurants he always ordered one of the cheaper menu items even more so if it was a deal where everyone was paying their own way. He would caution me against wasting money on junk if I was going to buy some cheap souvenir on vacation. + +I commented to the person who told me he had passed away that the last time I saw him he gave me twenty bucks in a red envelope. I commented that this wasn't much money, but I knew he didn't have much so I considered it very generous of him considering I didn't know him well at all. I was then told that the guy had a net worth in the tens of millions of dollars. + +I'm kind of blown away to be honest. I never would've guessed in a million years that he had that much wealth. If I had to guess I would've guessed he was just another elderly person getting by on social security and a government pension (he retired after many years working for the feds). It makes me really re-think some of my lifestyle decisions and makes me wonder how many people we may pass on a daily basis who are far wealthier than we think they are. Just thought PF might be interested in the story. +Just announced on a press conference by the Norwegian government. Sources: + +* [https://www.vgtv.no/video/233573/direkte-siste-fra-krigen-i-ukraina](https://www.vgtv.no/video/233573/direkte-siste-fra-krigen-i-ukraina) +* [https://borsen.dagbladet.no/studio/borsenstudio/608?post=86622](https://borsen.dagbladet.no/studio/borsenstudio/608?post=86622) + +Edit (28.02.22 00:26 GMT+1): Russian central bank has ordered block on foreign clients' bids to sell Russian securities. Source: [https://www.reuters.com/business/russian-cbank-orders-block-foreign-clients-bids-sell-russian-securities-document-2022-02-27/](https://www.reuters.com/business/russian-cbank-orders-block-foreign-clients-bids-sell-russian-securities-document-2022-02-27/) +EDIT: I’ve heard TD is only doing this on margins, which is a bit more reasonable than what Robinhood and some others are doing. Not giving anyone any kind of advice here, but one might consider reports on some other brokers as well/instead. + +[Here’s the link if you would like to submit a tip to the SEC](https://www.sec.gov/tcr) + +Why can’t I buy GME and other securities I would like? I personally think they are good buys via my own technical analysis, so I should be able to buy them. TD Ameritrade literally cannot do this just to protect their involvement in uncovered short positions. Just thought I’d help some folks out if they’d like to help me in making the SEC aware of this. +My friend, a boy aged 14, needs a bank account as he's getting a job. + +He went to Bendigo Bank with his dad, but the dad (who has an account at the bank) has no proof of age and the bank wouldn't make the boy and account. + +He asked me if I can make an account for him. Is this allowed - can I make an account under my name and give him the number & card? + +Or can I (a normal person with ID) walk into a branch with him (and perhaps his dad too?) and facilitate him getting an account? + +He doesn't have a birth cert either, but he should have a student ID with age. (It's also possible that he didn't remember correctly all the detail about what the bank said.) +Context: + +I'm 50 and working several casual jobs. I have about $245k in an industry superannuation fund. I have approximately $35k in shares. I'm currently renting and living on my own in a very simple lock and leave lifestyle. + +&#x200B; + +I'm not financially savvy, and will likely have the SMSF set up by my bank or by a fund manager. + +&#x200B; + +I'm planning on taking a year off to undertake some volunteer work overseas - during which time I won't be contribution to my super fund. + +&#x200B; + +Will there be benefits to setting up an SMSF with an investment property? With a (conservative) rental income of say $14k per year for a small apartment, this isn't a bad idea ... is it? + +&#x200B; + +Also, when I retire can I sell or live in the investment property? Do I have to pay any crazy taxes? + +&#x200B; + +Apologies for the noob questions. +Decipher, Algorand's major conference, is currently underway. There, Gary Malouf, Head of Engineering at Algorand, and Rotem Hemo, Director of Product Management at Algorand, just announced that state proofs will come to Algorand in early 2022. With stateproofs, Algorand will be the first blockchain to provide a post-quantum security solution. On the roadmap are post-quantum secure catchup (integrating state proofs in to the catch-up process), zk-SNARK proofs (efficient and cheap verification of state proofs) and light clients (tools to help entities use state proofs). So your transactions will live forever on the blockchain. + +&#x200B; + +Other exciting news in my opinion were: + +* Francis Suarez, 43rd Mayor of Miami, has agreed to receive every other paycheck in Algo +* Hivemind, a $1.5 billion venture to institutionalize crypto investing, has selected Algorand as a strategic partner +* Moreover, bank-issued stablecoins ("Digital Deposit Receipts") will come to Algorand and Ethereum. VCAD was minted yesterday on the Algorand mainnet. US Dollar version will follow. +* AXA XL, the U.S. subsidiary of AXA S.A., the world's third-largest insurer, is working with Algorand on an art insurance platform (money for your art) +* One of the world's leading manufacturers/retailers will introduce a first-of-its-kind Buy Now, Pay Later platform on Algorand +* 1&1 is working on a digital-asset exchange and commerce engine that will create fungibility across cryptocurrencies, loyalty points, rewards, and fiat currencies +Hi Guys, I just wanted to say this is an awesome community and I appreciate everyone's help thus far. So far I've learned a little about support/resistance and have been practicing identifying and trying to apply it on graphs. + +I just had question regarding candlestick patterns and their importance since I'm getting some conflicting information. So far I've learned to spot dojis, engulfing, and hammer/shooting star candles. Do I have to memorize the remaining 50 patterns or so? It seems a bit excessive. + +From the reddit posts I'm reading a lot of people are saying not to learn them(or I misunderstood) and just apply support/resistance with volume profile(haven't learned yet) and in that way you automatically end up trading those patterns without missing them. Any advice or tips would be appreciated on where I should focus my efforts and learning. +Gurbir Grewal, Attonery General (N.J) will be the new Enforcment Director for the SEC. + +Gary Genslers mouth : *" He has had a distinguished career as New Jersey's chief law enforcement officer and as a prosecutor at both the local and federal levels. He has the ideal combination of experience, values, and leadership ability to helm the Enforcement Division at this critical time. I look forward to working closely with him to protect investors and root out wrongdoing in our markets."* + +Hadn't heard of this chap before so I did a little digging. This is not a DD, just some easily gained information passed on to you, hairy, banana eating beauties. + +&#x200B; + +[Gurbir Grewal and his steely gaze.](https://preview.redd.it/vzep8hkbu9871.jpg?width=1540&format=pjpg&auto=webp&s=2ee35565b9ce2ce27fc9b157081411cefabd575f) + +# Grewals C.V. and some past exploits + +(*Caveat: This is pretty much a copy paste job because it's late and I need sleep.*) + +&#x200B; + +* Grewal worked as an assistant U.S. attorney (**AUSA**) in the Criminal Division of the U.S. Attorney’s Office for the district of New Jersey from 2010 to 2016, while working as (**AUSA**) ... +* He was the lead prosecutor in United States v. Drinkman, the largest known data breach prosecution in which the conspirators participated in a worldwide scheme that targeted major corporate networks and stole more than 160 million credit card numbers, causing hundreds of millions of dollars in losses. +* He was also the lead prosecutor in United States v. Weinstein, a $200 million Ponzi scheme in which the lead defendant was sentenced to 24 years’ imprisonment. +* While at the U.S. Attorney’s Office, he served as chief of the Economic Crimes Unit from 2014 to 2016 and oversaw the investigation and prosecution of all major white collar and cybercrimes in the district of New Jersey. +* He also worked in private practice at **Howrey LLP** (now dissolved); Howrey was a global law firm that practiced antitrust, global litigation and intellectual property law. He personally conselled clients on a range of matters including **securities (***nice***)**, trademark, antitrust and Foreign Corrupt Practices Act issues; represented individuals and companies in government investigations and criminal proceedings; conducted internal investigations for public corporations; and conducted civil trials. +* Although I haven't thoroughly investigated, its claimed that "Howrey provided over 45,000 hours of free legal assistance to more than 250 *pro bono* clients. " - Maybe quite an encouraging sign (i.e. moral backbone). +* Gurbir Grewal announced the dismantling of an organized crime gambling and loansharking operation and also launched an investigation into prior corporate tax loopholes afforded the by New Jersey's Development Authority. +* Grewal joined state attorneys general from across the country in filing a lawsuit against 20 generic pharmaceuticals companies, 11 of which were based in New Jersey, along with several individuals, accusing them of collusion and price-fixing. +* On May 14, 2019, Grewal announced a lawsuit against several large chemical companies, accusing them of selling toxic firefighting foam for decades while knowing the health risks they posed to the public and to the environment. + +\--- + +Among other things, he's fought for stronger gun control, change police protocol and training to assess mental health while on the beat, abolished mandatory minimums for non-violent drug offenses, forced corrupt officials out of office and a load of other positive things. + +&#x200B; + +He comes across (on paper at least), as genuine. I think this is good for ze stonks. + +&#x200B; + +\--- + +Sauce's + +[https://en.wikipedia.org/wiki/Gurbir\_Grewal](https://en.wikipedia.org/wiki/Gurbir_Grewal) + +[https://www.naag.org/attorney-general/gurbir-s-grewal/](https://www.naag.org/attorney-general/gurbir-s-grewal/) + +[https://en.wikipedia.org/wiki/Howrey](https://en.wikipedia.org/wiki/Howrey) + +[https://nj.gov/oag/oag/ag\_bio.htm](https://nj.gov/oag/oag/ag_bio.htm) + +[https://www.sec.gov/news/press-release/2021-114](https://www.sec.gov/news/press-release/2021-114) +Chomsky in his book "On Language" criticizes the field of psychology for its apparent refusal to create a coherent model of the human mind. He praises it for its experimental methodology and analysis, but ultimately, psychology seems to be focused on specific, limited phenomena. The psychologist, according to Chomsky, sees only reactions to isolated stimuli and refuses to take into account the undoubtedly complex processes that occur within their skulls. One purpose of the field of linguistics, according to him, is to generate such a model of the human mind from the study of language, a complex and yet coherent behavioral phenomenon that's universal to humans. + +From my point of view, the field of economics suffers essentially from the same problem. It studies correlations between artificially isolated variables, but there is no push to generate a coherent model of any sort of real-world economic system. +If, on August 17th, the Treasury suggests that Fannie and Freddie should bail out people who are upside down on their mortgages, how is that not going to be the start of a deeper recession/depression that extends to the end of the decade? + +Several articles have mentioned that some 15 million loans [1] may be affected. That's 15 million homes that could enter the market at presumably lower prices than the already existing 4 million homes [2] for sale. + +Assuming that even a small percentage (like 10%) of the 15 million homes enter the market as "for sale" going into Fall and Winter, historically the worst times to be selling a home [3], isn't adding 1.5 million to the existing 4 million homes for sale just a recipe for disaster? Won't prices of homes plummet even more? + +Worse, it's been shown that many of the now-just-starting-to-retire baby boomers have been using home equity as their safe harbor [4] financially. If these folks, like my parents, currently, can not sell their homes at or above the price that they bought them, they are actually **losing** their retirement, which will affect spending habits. Using a home as a source of retirement income isn't unique to baby-boomers, either, other demographics do this, but the baby boomers are unique for two reasons: they are a huge demographic with a significant impact on GDP and they are retiring (spending less). [5] + +Still worse is the economy itself being dependent on this massive group spending money, which they have done less and less of. If they slow their spending because the price of the homes they are trying to sell falls, and put their current income into safer investments (like US treasuries) that pay very little, the *the economy as a whole* will suffer due to their lack of spending. The #1 and #2 investments for this demographic are, in fact: Treasuries and CDs [6], two of the worst performing investments right now, but easily the most secure. + +We've seen this before, where a country's debt was ultimately changed from being held by foreigners into being held domestically, and what it did to the country [7], but this isn't the only thing we have in common with that case. Japan's "Lost Decade" [8] was generally seen as being a result of the following which are now happening in the US: + +1. Large aging demographic block. Check. +2. Housing crisis from low interest rates into higher interest rates. Check. +3. Financial institutions failing despite lowered interest rates. Check. +4. Largest financial institutions seen as too-big-to-fail. Check. +5. Bailouts and propping up of "zombie banks" [9]. Check. +6. Conspicuous consumption [10] turns into a paradox of thrift [11]. As of this Fall? Perhaps. + +While several of the points (#1-5) were readily apparent, I never understood where the last (#6) was going to come from. It always seemed to me that because the interest rates were so low eventually whatever savings existed would go into investments in the market and elsewhere. Plus, we all know that most of us have been "spoiled" and we would love to go back to being so. + +However, a few weeks back these numbers started coming out that showed with the baby boomers putting all their money into their houses, there really wasn't any savings left. Now, with the almost certainty of a housing glut following the complete bailout of Fannie & Freddie and the underwater mortgages, this is the final nail in the coffin to bring about the last point. + +It is important to note that what is going to kill the economy over the next decade isn't retirement alone, here, it's the reduced spending on the market and increased saving in buying US debt by this large demographic (among others). Falling house prices this fall are going to send us into spiral from which it will be increasingly difficult to get out of, and our government seems poised to kick the first domino sometime next week. + +**Sources:** + +1. [August Surprise](http://blogs.reuters.com/james-pethokoukis/2010/08/05/an-august-surprise-from-obama/) +2. [Number of Homes for Sale (April 2010): 4.04 Million](http://www.justlisted.com/) +3. [When is the best time to sell my home?](http://blog.agentharvest.com/finding-an-agent/when-is-the-best-time-of-the-year-to-sell-my-house/) +4. [Building more wealth in the form of home equity](http://livingforretirement.com/retirement-living/baby-boomers-are-getting-hurt-by-housing-market-retirement-living/) +5. [Baby Boomers drive GDP](http://www.cnbc.com/id/34941331/Bust_of_the_Baby_Boomer_Economy_Generation_Spend_Tightens_Belt) +6. [Top 10 investments for Boomers](http://www.investopedia.com/articles/retirement/08/investments-for-baby-boomers.asp) +7. [Liquidity Trap](http://en.wikipedia.org/wiki/Liquidity_trap) (Please note I am using some Keynesian terms only because the US currently operates under a Keynesian-like approach to monetary policy, I understand people may disagree on the solution to or cause of these) +8. [Lost Decade](http://en.wikipedia.org/wiki/Lost_Decade_%28Japan%29) +9. [FDIC is encouraging banks to cook books to make banks look solvent](http://globaleconomicanalysis.blogspot.com/2010/08/former-bank-regulator-william-black-us.html) +10. [Conspicuous Consumption](http://en.wikipedia.org/wiki/Conspicuous_consumption) +11. [Paradox of Thrift](http://en.wikipedia.org/wiki/Paradox_of_thrift) +The timing is rather suspicious. This [DD](https://www.reddit.com/r/Superstonk/comments/s4s79q/i_hope_everyone_is_clear_that_the_price_going/?utm_medium=android_app&utm_source=share) by u/justtwogenders explains "The real significance of Jan 21st is that its the SLD deposit day. That means banks and market makers have to deposit money with the OCC (options clearing corp) equal to the amount of options. They get that money back 7 days later on Jan 28th." The DD didn't make a link or hint at any correlation. But this got me thinking. + +I believe this could be a possible DD for those who like explore it. I have a smooth brain so this is out of my own knowledge. +It's so funny to me it's almost not funny anymore. I read another post about the computers crashing and people not beeing able to withdraw money. Is this newsworthy? I'd say so. At least if you want to be consistent. + +Bitcoin dips and all the piranhas smell blood in the water and write articles about bubbles like some kind of kindergartener, but when a banks worldwide network crashes it gets mentioned in passing, like it's insignificant and nobody cares. + +At least be consistent and represent this crash like a world ending event that will ripple through time, like you always do with crypto market dips. +It's so funny to me it's almost not funny anymore. I read another post about the computers crashing and people not beeing able to withdraw money. Is this newsworthy? I'd say so. At least if you want to be consistent. + +Bitcoin dips and all the piranhas smell blood in the water and write articles about bubbles like some kind of kindergartener, but when a banks worldwide network crashes it gets mentioned in passing, like it's insignificant and nobody cares. + +At least be consistent and represent this crash like a world ending event that will ripple through time, like you always do with crypto market dips. +Long-time reader of great advice here. Hoping you guys can help me with a sanity check on my thinking. I think I'm borderline chubby/fat, so hope it's ok posting here. + +56 yrs old, single, 2 kids in college but 529's are flush to pay for remaining expenses. + +NW $5.2M, of which $1.5 is home equity. + +I'm in good health, and have no other debts. + +In the process of relocating from HCOL to MCOL over the next year (building a house, so takes some time). Net equity from sell of current home will fund the new home, so no mortgage going forward. + +Current annual expenses, not including taxes or mortgage, is @ $120-$130k. For my retirement budget, I'd like to plan on $150k net, which means gross income/withdrawals of $200k, assuming an average US federal+state tax of 25% on the $200k. + +Have a small pension (@ $15k/yr) that will kick-in at age 62, plus of course, SS of @ $49k at age 70. + +Just looking at investible, liquid assets, it's $5.2M - $1.5M = $3.7M. 4% of that is $148k/yr, which leaves me short about $50k a year (again, assuming I need $200k gross). A 3% withdrawal would be $111k. + +However, on the positiver side, I am a limited partner in a business that distributes anywhere from $100k - $200k a year (my portion), which would more than cover the short-fall. + +Therefore, it seems doable to me, to retire this coming year. But did I screw up something? Do I need more? + +**Questions:** + +1. **what have I missed**/mis-calculated/mis-thought/not-considered? (note: I'm aware of the high cost of health care in the US when retiring early, but will be able to leverage retiree medical from my current employer, which is included in my annual expense estimate) +2. does **$150k annual expense sound about right** for a 56 yr someone who's not crazy rich nor with crazy rich needs, and no mortgage or other debt, and no kids to support, etc.? My current hobbies tend to be more outdoorsy (mountain climbing, rafting, backpacking) etc, but worried (excited?) that in retirement I might find some additional, more expensive hobbies to pursue, although don't know what that would be. I do enjoy travel, but prefer moderate as opposed to Ritz Carlton, and things like backpacking trips (w/Sherpa), biking through a new country, etc. I've set my annual vacation budget at $25k. I also have a custom built Sprinter van camper, so I use that a lot to explore in the US, and visit friends and family, which I love. +3. what do you think about the **risk profile of the limited partnership income stream** and how I should think about that as a source of retirement income? I know you don't know much about it to answer that question very well, but can share that industry wise, it's a blend of real estate and hospitality. My concerns are that as a limited partner, I have little (no!) control over it. And, it's not liquid. It could continue to provide $150k or more a year for the rest of my life, or something tragic could happen to it (although I think the risk of that extreme is very low). More likely, the business could decide to reinvest all profits for a few years to expand, which would pay-off in the long run, but eliminate my cash flow for a few years. I just don't know, and it's a meaningful portion of my retirement plan income. +4. Should I **work a few more years to better secure my future?** Current annual income (salary, bonus) is around $500k. I recently feel like I've hit a wall with my job mentally, but could probably do another year or 2 with a "quiet quitting" mentality. Or possible, try to craft a part-time role for 2 more years although I know PT roles have their own issues. A family death, a friend's near-death incident, etc, have me a bit freaked-out recently about how long I'm going to live (and others I care about). My job (which is moderately stressful), while also being a single parent has taken a lot out of me over the past 15 yrs ... I don't have tons of friends nor hobbies, and feel like I need to quit now/soon so I can work more deliberately on that (and charity), before it's too late. I've read "Die with Zero" which was helpful. I'd like to leave my kids something when I die, maybe $500k-1M each in today's dollars, but not more than that (I started with nothing and have inherited nothing, but would like to help my kids a bit with a "bonus" on my death). Yes, I also intend to provide some help to them along the way re: Die with Zero musings "give now, not when you die." + +What do you think? Appreciate your feedback. + +**EDIT:** **Thank you for all the feedback. Here's what I learned:** + +\- my annual expense budget of 150k (net of taxes) is realistic and perhaps even too high + +\- my assumed tax rate of 25% on withdrawals to cover expenses is also too high, likely closer to 20% + +\- there are better calculators than the ones I've been using (e.g. the one shared by FatFireProgrammer) and the "safe withdrawal rate" blog is a wealth of information that further fine-tuned my understanding + +\- I needed to get over the thinking that "needing to be agile and paying some attention to finances on a monthly/annual basis during retirement" does not negate the fact that I likely have plenty of money to do what I want and not worry aka fat-fire style (recognizing that your own definition of fatfire may be more than min). For some reason, I was thinking that if I paid attention to my finances I wasn't "fat," which is kinda of stupid. I've always paid attention. + +\- I was always planning to wait until spring 2013 anyway (after bonus/RSUs paid), but would also be smart to wait until then to reassess the market and any potential impacts on my thinking/plans. At that time, I may also still consider the sabbatical idea, but probably not as I don't think I really need to keep working in this capacity. If anything, I'd more likely quit, take a year to myself to get settled, and then take on a small contracting role (or something with a non-profit). Or, consider reducing current role to PT for a year. + +\- I do have flexibility on spend if something were to go horribly wrong in the first 10 years, and I'm ok with those plan B's. + +\- I should probably get an ARM mortgage or HELCO on the house before losing the W-2, for flexibility purposes. + +\- $4.2M of liquid assets would be better than $3.7 (to cover $125k in annual expenses as opposed to $100k in annual expenses on the possibility that the LP provides nothing i.e. worst case scenarios), but the LP providing nothing is an apocalypse scenario, of which I then have bigger problems. I'm being too risk adverse in my thinking on the LP. It's providing over $200k this year, and it's backed by real estate. + +\- there are certainly people fatter than me, but I think I've hit the "fat enough" zone for my goals and way of life - enjoying the "normal" things (people, family, outdoors, giving back, travel, good/healthy food, more time to exercise, a few new hobbies a good Netflix series, helping adult kids, maybe grandkids, etc.) with a few luxuries thrown in, including not worrying too much about out-living my money. + +\- now that I've had my "sanity check" I feel more energized to start working on the "me" part of this as approach my potential ER date e.g. hobbies, non-profits, travel, mental/physical health etc. as I now see my ER just around the corner. + +Thank you! + +&#x200B; +Hi everybody, + +How many sources of passive income do you have, what are they and how much (in percent of the passive income, in percent of total income and in percent of your networth and/or in absolute numbers) do these sources provide for you? +And are those passive income numbers satisfying to you at this stage? +Many questions, I know, pick any one of the for your answer :) +There really isn't any substance to this post, but I was hanging around my apartment earlier this afternoon having just gotten home from school, and I actually started \*crying\*, completely out of nowhere, because I am so endlessly stressed about my financial situation. I'm a full time college student who works \~four nights per week as a waitress but it isn't enough. It's never enough. No matter how much money I make in a night, or a paycheck - no matter how many times I optimistically squirrel $100 away in my savings account and bask in that secret for a couple of days or maybe even a week - something inevitably comes along and slaps me back to where I started. It's a late fee on the internet bill, it's a book I didn't realize I needed for school, it's another tank of gas, it's a credit card payment, it's buying a $10 mascara and then feeling deeply, fundamentally guilty for it later because that's $10 I'll never see again. + +&#x200B; + +It's exhausting. If a genie popped out of the empty wine bottle sitting on my kitchen counter right this second and asked me what I want most in life, it would be to stare into the distance while I pump gas. It would be to get my hair done for the first time in ages, or to have a laptop for school that lasts more than an hour off the charger. It would be going to sleep at night knowing that AT&T isn't going to shut my phone off because I'm a week and a half late on my bill again. + +&#x200B; + +All I want for Christmas this year is some peace of mind. I know you guys have tons of great advice and a lot of people get through these rough patches. I'm sure that somehow, someday, I will too. But right now - today - it's a dark place. And to anyone else who's sitting there struggling, you aren't alone. +There really isn't any substance to this post, but I was hanging around my apartment earlier this afternoon having just gotten home from school, and I actually started \*crying\*, completely out of nowhere, because I am so endlessly stressed about my financial situation. I'm a full time college student who works \~four nights per week as a waitress but it isn't enough. It's never enough. No matter how much money I make in a night, or a paycheck - no matter how many times I optimistically squirrel $100 away in my savings account and bask in that secret for a couple of days or maybe even a week - something inevitably comes along and slaps me back to where I started. It's a late fee on the internet bill, it's a book I didn't realize I needed for school, it's another tank of gas, it's a credit card payment, it's buying a $10 mascara and then feeling deeply, fundamentally guilty for it later because that's $10 I'll never see again. + +&#x200B; + +It's exhausting. If a genie popped out of the empty wine bottle sitting on my kitchen counter right this second and asked me what I want most in life, it would be to stare into the distance while I pump gas. It would be to get my hair done for the first time in ages, or to have a laptop for school that lasts more than an hour off the charger. It would be going to sleep at night knowing that AT&T isn't going to shut my phone off because I'm a week and a half late on my bill again. + +&#x200B; + +All I want for Christmas this year is some peace of mind. I know you guys have tons of great advice and a lot of people get through these rough patches. I'm sure that somehow, someday, I will too. But right now - today - it's a dark place. And to anyone else who's sitting there struggling, you aren't alone. +I am 24 in N.C with Aspergers. my mother is my payee. Without going into too much detail my home got destroyed a year ago. My mother let me move in. The city I am in has possibly the lowest availability for housing. I applied for apartments for a year. Only one was ready to let me move in recently but it would cost $1500 for me to move in. Rent, deposit, lights, light deposit, water deposit. I don't have that. And since I moved in here my food stamps went down to $15 a month so my first month even if I could afford the cost of moving in I'd go hungry. I get $770 a month. I've been helping my mom and also paying my way this entire time. + + + + +My step father doesn't communicate with me. He may say one or two words to me a week like "hello" or "you received some mail". That's it. He never says anything else to me and ignores my presence 99% of the time. That is until today when he sent me an email saying that if I don't get out by the 20th he'll take legal action. + + + + +I'm not sure what to do now. The apartment I had available which is legitimately the only thing here available that I could afford has likely already been given away as I've been stalling the landlord so that I could get pro-rated rent in order to be able to move at all or to have any chance at moving. + + + + +What can happen to me? What can he do? My mother said she won't let him kick me out but idk about that. I have essentially $400 right now left as it's the middle of the month. I'm pretty much screwed I think. +Recently discovered that Chinese mining pools control as much 80% of network hash rate. Since the Chinese government virtually runs a authoritarian government, what's stopping them from taking over these mining pools? Is there something I'm not aware of here? +I dont have much disposable income or savings outside of my emergency fund which us out of the question. So is there any realistic was to makw money off of OTM calls or puts on SPY or QQQ? + +Im still earning my sea legs here but based on some calculators I use https://www.optionsprofitcalculator.com/ +(This calcukator could be misleading idk if it is and would appreciate it if you found it to be so) + + it doesnt seem like a worth while risk, but there are folks ive seen in various threads buy OTM weeklies or monthlies contracts and claim to make money. + +Am i missing something? +I've been watching videos about AI and this man Kai Fu Lee said something about deep learning where machines are used to pick stocks. Is that really what I think is happening? +Not trying to be a Negative Nancy here guys, I swear. But this past conference, it just really felt weak and ineffective. Many of the guests really just wanted to talk about their company, or their book, or whatever project they were working on, and just kind of rambled on it. Far too much talk about crypto in general, and not really much about Bitcoin itself. Not a lot of macroeconomic analysis and commentary. Even the star-studded panel with Serena Williams/Aaron Rodgers/Odell Beckham Jr. was pretty cringey and awkward for a lot of it. Cynthia Lummis was really ramble-bamble-ish. Even the panel with Adam Back got stuck in the weeds with no roadmap out. And to top it all off, the Bull was missing his Balls. + +Last year, the 2021 conference had the WTF Happened in 1971 guys, Lawrence Lepard and a bunch of just really good, articulate presentations about economics and Bitcoin itself. This year it really kind of ran off track, IMO. + +What did you guys think? Is it just me or am I onto something. +Edit: This post got more traction than i expected so if you have any questions or products that you want me to take a look at i will do/answer so gladly. + +Disclaimer: Im a recent graduate so you're not getting warren buffets advice. + +I work at a major bank and i cannot stress how many times I've seen blue collar workers come in looking to invest their retirement. It's the oldest men and women who are hardest to watch. Last week the Mailman and a lady that cooks in a dinner came looking for investment advise. These are people who perhaps in their 50s-60s have managed to save up a nice 20-100k. + +For context Im not a financial advisor but I sit next to the people who are. + +The conversation always starts the same way. After a brief introduction the client will ask about investment options. This is when it all goes downhill. + +The advisor will go on a long rant about risk, about how markets are volatile and about how they have to be prepared to lose their savings at any point in time. Now for these people its not just a few thousand dollars its their lives work. So naturally they become very risk adverse, which is exactly what the advisor wants. + +They will then sell you an investment product where you sacrifice most of your gains for a yearly payment that barely beats inflation after fees. I cannot stress how bad this is, the bank essentially keeps all your returns. Ive seen these products be sold for major indices which have a dividend yield high enough to cover that coupon and that in the long term have great returns, the market does have risk but it rewards it. + +My advice to anyone is to ask for a low cost ETF that tracks the market, usually the investment advisor will not be excited to sell you on this because they don't make a commission on it but its your right and you should insist. It breaks my heart that i can't step in and help the people every time they come in but hopefully i can reach some people through here. +I cant be the only one who believes Corsair is a great buy below $32 right? Throughout COVID they have done nothing but rake in money and expand the company. The amount of necessary gaming/streaming equipment they own the companies of is insane like elgato for instance which practically every streamer and content creator uses. Their products are incredible too and most people who play video games probably use them. These are just my thoughts though if anyone has a different opinion please let me know I’m super interested in what people have to think about this company. +This has shown up in a few comments and posts but I want to call more attention so no one gets Melvin’d: + +YOU CAN ONLY BUY 5 SHARES OF GME + +That means: +- if you have more than 5 shares you can’t buy GME +- if you try to time a dip to sell and buy back up, you will only be able to buy up to 5 shares + +The blatant omission of these small details is the most fucked thing I’ve seen since yesterday... they are literally preying on the misinformed (by not informing them). + +Edit: [Here’s some proof ](https://imgur.com/gallery/TJghr70) + +Edit 2: [Here’s a list of all tickers (including BB and AMC) that RH is manipulating](https://twitter.com/wsbmod/status/1355141894930624514?s=20) + +This is not financial advice and I am not a financial advisor. I just really like 🍌 +Among IPO stock performances in the past decade—of $300 million or more—Blue Apron is now sitting dead last + + + +Link: https://www.bloomberg.com/news/articles/2017-08-10/blue-apron-down-44-is-the-ipo-bust-of-the-decade-chart +Bit of context, I listed a house a week ago, have had two OFIs and had two groups come through each one. My agent says it’s a really disappointing outcome to only have 4 groups through in the first week. Oddly enough, he advised that his agency gets reports from realestate.com and my property was the most viewed house in the suburb over the past week. + +1. What were numbers like at the recent sale of your property? +and +2. How did the number of groups at your OFIs affect your sale price? + + +https://preview.redd.it/4a1p6mhf94g91.png?width=750&format=png&auto=webp&s=c183eee50339f47b3e2cc8016bda9a6fa2dc7387 + +I find it very interesting that RC chose JFK's famous quote for his witty tweet. Below is the first few paragraphs of the speech from which the quote was derived: + + +"**We observe today not a victory of party, but a celebration of freedom — symbolizing an end, as well as a beginning — signifying renewal, as well as change**. For I have sworn before you and Almighty God the same solemn oath our forebears prescribed nearly a century and three quarters ago. + +The world is very different now. **For man holds in his mortal hands the power to abolish all forms of human poverty** and all forms of human life. And yet the same revolutionary beliefs for which our forebears fought are still at issue around the globe — the belief that the rights of man come not from the generosity of the state, but from the hand of God. + +We dare not forget today that we are the heirs of that first revolution. **Let the word go forth from this time and place, to friend and foe alike, that the torch has been passed to a new generation of Americans** — born in this century, tempered by war, disciplined by a hard and bitter peace, proud of our ancient heritage — and unwilling to witness or permit the slow undoing of those human rights to which this Nation has always been committed, and to which we are committed today at home and around the world. + +**Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe, in order to assure the survival and the success of liberty.** + +This much we pledge — **AND MORE**." + + + +Could be nothing but my nipples penetrated my computer screen. 🧑‍🚀🚀 + +https://i.redd.it/h2ec067lc4g91.gif +I'm Latin American. Not from El Salvador, but from the same God forsaken region. + +Let me tell you this: Latin American politicians are pretty much the last people you'd like to praise or emulate in any way. The general rule of thumb is that, if someone is a successful politician in Latin America, he is probably a legit scumbag. He's either involved with organized crime, or he's undemocratic to the core and only sees the state and the people as a toy to exploit at will. + +Just because this particular dude did for crypto something we were all hoping for, It does not mean that he is an enlightened and benevolent ruler. He made one apparently good decision, but we don't know how this will play out in his country, if the legislation surrounding the adoption of crypto is fair, and if the common people will truly benefit from this (and not only him and his entourage). + +It could well be that, in a couple of months from now, corruption scandals and other unpleasant surprises regarding bitcoin in El Salvador come to surface and, in turn, discourage or hinder adoption in other countries. Maybe it could spook monetary authorities elsewhere and harden existing regulations. + +So, as we all saw happen with Elon Musk, this is just a reminder not to place someone on a pedestal just because that one time he did something nice for crypto. Keep things in perspective, always. + +Peace. +Mods forgive me, I understand there is a Meme stock megathread, and if this violates rules, I understand. I just wanted to try and make a post anyway. + +I'm looking to create a collection of bearish or just neutral/non-bullish takes on GME. I understood the squeeze last time, but I do not know why it is going up this time. Is it actually rising because of news? + +The underlying financial fundamentals of this company suggest an optimistic $20 share price, and yet it is teasing $300 at time of writing this, moreover, it's been trading at over $100 a share since Feb 24th. + +Last time, it was a short/gamma squeeze that took place over a roughly 3 day period. We are now 2 weeks into this current situation. + +So, we have two fundamental questions, WHY is it trading at this price, and WHEN will it begin trading at its rational price of sub-20? + +Also, looking to collect DD found on other subs if possible. +Neighbours just sold their house £120K below the market value. It took them just a few days to find a buyer https://www.rightmove.co.uk/property-for-sale/property-72477793.html?premiumA=true&utm_medium=shorturl&utm_campaign=smspropertydetails&utm_source=url + +They bought the house brand new in 2015 for 425K and sold it for under 400K. House prices have increased in our town since 2015. According to Zoopla the house is now worth 520K. + +There are several identical houses on the estate. I wonder if this sale can negatively affect the price of others? +The past few years have been a total pain in the @$$ and I've finally had enough. + +If one hour customer service call times were not enough, they have no way to open support in the app for most cases, unless it's change pin or change address and trival stuff. + +For the past five years they have been blocking my payments to crypto companies. They say it's to prevent fraud, but of course we know that it's really because they don't want customers parking their money outside of their system and use the anti-fraud stuff to scare people. It's correct that a lot of fraud happens with crypto, but I am talking about buying from legit companies that are registered and surely their fraud department must have enough people calling up to inform them that this is a company they trust and want to do business with. + +Anyway, so I've had to call up at least ten times to clear the same two websites over and over, sitting on hold for an hour then on hold for another hour just to beg these people to let me spend my own money. If inalrewsy cleared it? Why do I need to clear it again and again?. The last time I'm called, after two hours on hold, fraud department keep asking me questions for an hour, wanting to know every little detail about my online activity. + +Another occasion, my father had a failed online transaction to buy items online with his card, I tried my card and it failed too. Next day there was £4000 taken from my account and £6000 from my dads, this is for a £250 order. We contacted the company and they said they received nothing. Called Halifax and they said they have no record of it, this room weeks of back and forth, on hold for an hour each time before Halifax finally owned up to their error and refunded. + +This week, last straw, waiting three days to make a bank transfer out of halifax and still not received anything, now I'll have to call and do the whole rigmarole again. + +I will be instructing all payees to pay me into revolut. So far no hassles with them, only time I had an issue, sent an email, and got a friendly response within hours. I'll be using this along side Defi platforms from now on. Defi gives me more interest than their lousy 0.5 % apr anyway. Jokes +In a couple months I'll be moving out and starting off on my own. Long time lurker of this thread, but it has made me terrified of what's to come. What are the worst financial traps, and how can they be avoided? +Just 25 mins ago El Salvador president Nayib Bukele announced he bought another 500 coins at $30,774. + +[Source: Twitter](https://preview.redd.it/pp097yit6iy81.png?width=741&format=png&auto=webp&s=5833f945a43c66bc9bfdedd2652321fc2bdb4366) + +Somebody made a website to show the purchase history and it looks like they are down 33%: + +&#x200B; + +[nayibtracker.com](https://preview.redd.it/bdbn02x57iy81.png?width=1624&format=png&auto=webp&s=f2d38ea116bc832d36a80b791f0a895642654fde) + +Even if this is the lowest purchase so far, it's already gone down: + +[nayibtracker.com](https://preview.redd.it/uzq4bgtc7iy81.png?width=1512&format=png&auto=webp&s=21bbfd6a729530bf56180075a13649d595ff6a24) + +Bitcoin current price is $30,642. El Saldavor's DCA average is $45,908.42. + +And looks like the experiment hasn't gone well lately. A study by a U.S.-based think tank, the National Bureau of Economic Research (NBER), said only 20% of Salvadorans have continued to use the nationally issued and technically flawed digital wallet needed to spend bitcoin. + +[Source: Paymnts.com](https://preview.redd.it/bkt0zvkw7iy81.png?width=1888&format=png&auto=webp&s=a739309610e67d3fc16b7f764a75fdbab923e3bc) + +What's the future hold? + +What do you think of this situation? +This post is a serious one I made after reading this article. \[ [https://moxie.org/2022/01/07/web3-first-impressions.html](https://moxie.org/2022/01/07/web3-first-impressions.html) \] + +>Shout out to Moxie for actually talking about how shit has just become super overcomplicated for coders to even begin to get into. This article is probably the best critique of the current crypto space I've ever read \^ + +We have these ideas of immutable, trustless, decentralized platforms but most of them have become mutable and centralized with all trust put in the hands of a few servers. + +Cardano, for example, the fact that [sundaeswap took 6 months to release and it's not even fully ready yet](https://cryptosrus.com/cardstarter-and-sundaeswap-a-falling-out-story/) …[plus looking like they rugged cardstarter](https://coin.fyi/news/cardano/cardstarter-and-every-single-project-it-has-launched-smells-of-a-scam-nmrfpt), it’s not a good look! + +"Trustless" doesn't make sense when there's still just a team of greedy humans on the other end of single phone line. I recall when my friends where first getting into crypto a few months ago, best believe it wasn't *‘for the tech’*, it was pure greed, they were aping hundreds into doggy coins hoping to make millions out of thin air. + +Arweave, which was made to solve the issue of NFTs being backed by on centralized servers, is still putting trust in the hands of others, so it's not exactly "trustless" and things can still be flagged for deletion and stuff like that. + +[https://www.arweave.org/technology](https://www.arweave.org/technology) = *"Finally, those that maintain gateways (the servers you will likely use to view the permaweb) can also apply content moderation policies to further safeguard their users."* + +It's tricky though, like if you have permanent jpeg storage on a truly immutable permanent server what about criminal abuse material and other f’ed up stuff like that from being put on there ‘for good’? That's why Arweave has a democratic processes for removal of content if it's deemed necessary, but the problem is it's SLOW! + +Just like Cardano, just like ETH, and Bitcoin, Dogecoin, and so on. All these truly decentralized things are slow as shit. + +**Compare the time it takes to load this:** [https://audius.co/neonanesthetics](https://audius.co/neonanesthetics) + +**With this:** [https://open.spotify.com/artist/4h3dx3iH28dTFooTspQqxd](https://open.spotify.com/artist/4h3dx3iH28dTFooTspQqxd) + +This just really highlights the sheer magnitude of the blockchain trilemma: **Low Cost, Speed, Decentralization. Pick 2.** + +I still believe in crypto, but if this doesn't make you think...I've always said there will probably be a dominant cryptocurrency in the future that solves all of these issues, but less and less am I thinking it will be any networks available today. + +It will likely be built upon 6G network protocols, or some similar competing concept; 6G will basically mishmash the current 5G super-speed, satellite based internet, to that of the internet of things, peer2peer data transfer, and blockchain(s). + +Here's a journal article from last summer: *Blockchain and 6G: The Future of Secure and Ubiquitous Communication* [https://arxiv.org/pdf/2106.05673.pdf](https://arxiv.org/pdf/2106.05673.pdf) = *"the trustless nature of blockchain would make it easier to manage and audit 3D network resources and AI model parameters in 6G networks."* + +Another example, in Windows update there's this: + +[Microsoft Windows Update Delivery Optimization](https://preview.redd.it/jfd16glvkzf81.png?width=732&format=png&auto=webp&s=8119e238830ba28eba85c150763a516e13c85373) + +Now extrapolate that concept out to creating the blockchain and the internet itself, not just simple data transfer - it'll be a mix of current cell-tower tech sped up a thousand-fold by decentralizing server loads through peer2peer means, encrypted, and under consensus - all while having latency speeds measured in single digit milliseconds! + +Here is a latency test of my internet to google: Top is with VPN routed through Portugal : Bottom is without VPN. + +[Ping Command to Test Your Network](https://preview.redd.it/szcppeg2lzf81.png?width=722&format=png&auto=webp&s=4ae7a88e08ba577ff67785c362d5beba976f4b17) + +We need speeds 1 order of magnitude faster than the current best case scenario technologies, and 2 orders of magnitude faster than what's the more "practical" speeds we're used to. + +To conclude this spiel, **I think we're about a decade away from this all.** Till then, I am still having fun learning about money, economics, fiancé, decentralization issues, network effects, but less and less am I feeling married to any single current network/blockchain because they all seem to be unable to carry the load that will weigh on future technological shoulders. +(Throwaway) - Final year NHS degree student, have not done my final placement, so will have my graduation deffered by a few months, maybe done by Nov/Dec 2020 if lucky. 95% chance I will not be given an automatic pass. + +Alcoholic step-dad, wife and child beater, hate being at home and spend most of my time at uni. Live in halls as NHS placement student, and we all got sent home but given a rent refund. Zero chance of being given social housing or any uni special bursaries, have tried many times. + +Was hoping to have it all done by June 2020, graduate uni, start my job, never see parents again as now financially independant. + +Its all out the window, I have no idea when I will get to move out. I have about £2000 coming in from my rent refund and £2750 coming in from SFE. However will need to save all of this for rent/living next year when I go back to uni for finishing my course. + +I don't really know why I got given the short straw, but I don't really like living at home and just have to put up with it. I was expecting my freedom as well as income, but now its all delayed. I just feel tired of living like a student just getting by on basic foods and typical awful student halls or having to put up at home. Has anybody else been in this sort of financial situation, and did things get better? +ive noticed that literally nobody upvotes anything here, god forbid actually giving an upvote to help put towards another members "moons". + +why is this? + +do we not want others to recieve? are we really at that point as human beings where we are in such constant competition with one another that we stop giving out upvotes on a forum post due to fear of not holding as much digital assets as them? are we afraid? is it a rebellion? + +or was it simply a bad choice to incorporate this system into a reddit sub? i mean, every single sub o reddit is filled with top posts with a ton of comments and upvotes of people liking stuff, but here, the only sub where upvotes are pretty much monetized.......its just a sea of posts and comments with zero upvotes. Its kinda sad that we all talk of a better future, and growth as a community, but we fail at the simple notion of clicking the upvote button for fear of what others may have. +I worked out I could make a grand total of £175/yr by moving money from Virgin money/Chase to the best easy-access/fixed savers out at the moment. Frankly, I can't be asked, but at the same time, I feel that I should to contribute to competition between the banks! + +Is anyone else doing this? I mean clearly, it would only help if a lot of people were doing it. +Apes, I want to highlight something from the SEC Report that should jack your tits. + +[GME Short Interest of 122.97&#37; of float in Jan 2021](https://preview.redd.it/rfl5x6vbr1v71.png?width=1614&format=png&auto=webp&s=e47693f0816b9c019fb3628a86b247096b061756) + +We've all seen this. But, have you asked ***wut mean?*** + +The float can be owned by either institutions or retail. If we look at the institutional holdings, and subtract that out, we can estimate the retail holdings. I found this Jan 29th post (screenshot because auto mod won't let me link to double-EWE-S-B, sorry): "\~100% GME shares held by institutions. Still over 100% of the float is short. WE'RE THE CAPTAIN NOW" by u/ImHereForTheTendies + +[\~100&#37; Institutional Ownership as of Jan 29th](https://preview.redd.it/5fa255m3s1v71.png?width=1510&format=png&auto=webp&s=74042a15777b13ea54b91470b4ff25f876491de1) + +With \~100% Institutional Ownership of GME as of Jan 29th, we can do some simple maffs: + +&#x200B; + +|100%|Float| +|:-|:-| +|\+ 122.97%|Short Interest (% of Float) that SEC admits to| +|= 222.97%|Float (%) Shares in Circulation| +|\- 100%|Institutional Ownership| +|**= 122.97%**|**Retail Owned**| + +**RETAIL OWNED THE FLOAT ALREADY** in Jan 2021. + +That Jan 29th post cited several sources for institutional ownership which lets us get a range for retail ownership: + +* Finviz has Institutional Ownership at 95%. +* Nasdaq has Institutional Ownership at 110%. +* Yahoo Finance has Institutional Ownership at 122%. + +Even with the highest 122% Institutional Ownership from Yahoo Finance, **Retail Ownership was 100.97% of float**. + +# Retail Has Always Owned The Float + +*This* is why they didn't trigger MOASS. Retail owned the float. Retail just didn't realize it. 🌎🧑‍🚀🔫🧑‍🚀 + +Wall St tried to scare retail out of GME by turning off the buy button. If they succeeded, they would've unwound the gigantic short position quietly, and perhaps bankrupt GameStop at the same time. Except the Streisand Effect got many more apes involved. + +When institutions realized what was going on, we can see they immediate jumped in from this Feb 9 post (credit u/bimble_bee) showing FINRA reporting 205.96% Institutional Ownership: + +[FINRA Reporting 205.96&#37; Institutional Ownership for GME as of Feb 9, 2021](https://preview.redd.it/4yhelc2lt1v71.png?width=1498&format=png&auto=webp&s=1c3c37be3ac3adfbd86863e313c4a1385be133ec) + +That's a huge jump in institutional ownership from \[95%-122%\] up to 205.96% in just 11 days! + +Even in Jan 2021, if enough retail and institutions simply decided not to sell their shares, that would've created an infinity pool (∞🏊). Every share that apes have been buying since has been in excess of the float. + +# The Squeeze Is Not Yet Squoze (Thanks SEC!) + +"While a **short squeeze did not appear to be the main driver of events**, and a gamma squeeze less likely, the episode highlights the role and *potential impact of short selling and short covering*." \[pgs 30-31\] + +I'm very eager (🦫) to see the ***full*** *potential impact of short selling and short covering*. 🚀🌝 +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. +***Thanks for all the advice from everybody on this post. It's really great to hear from others who have been in this situation/have experience with these issues. Your advice has really reinforced how urgently we both need to make changes. I'll be doing my best to accelerate this process a little more by looking for new work for the both of us. All of your comments are great and much appreciated! + +***edit: I realise now that this post isn't appropriate for this subreddit, I apologise for that and I appreciate everybody who gave their advice regardless. + +I suppose I'm not sure exactly what I'm expecting as a result from posting this. But I thought it was worth a shot because I'm feeling helpless and getting a little desperate. + +Basically, like I wrote in the title, my boyfriend is struggling with depression that is a direct result of his current job. He works as an unsworn officer at a police station dealing with the general public. As you can assume, it's not the most glamorous role. Almost every person who walks into the station is already emotionally charged before he even gets a chance to try to help them. There's also little to no appreciation for him from his superiors. He's a genuine guy and a fiercely hard worker. Regardless of being his girlfriend or not, I know this for sure. He often stays late after work to finish his jobs, whereas the other members of his team just boot the work off wherever they can and head home. Management there is absolutely shocking to put it simply. + +Edit: I should mention here that I'm not sure how his coworkers boot off the work.. But due to the nature of his job (police) a fair amount of the work is of high importance. He sometimes doesn't have the option to leave it for the next day. Some reports need to be logged regardless of the time. The job isn't mentally stimulating at all - which he hates. But it's mentally taxing due to the high volume of angry customers directed to the front counter of the station. + +Over the past 6 months especially, all of this combined has made him angry (at the general public, not myself), deeply sad, tired all the time and unable to enjoy any time he gets off work. He's just very depressed. + +He earns about $70,000 (AUD) a year. I'm employed casually within retail and earning $25,000 a year. I was working casually to focus on my goal of joining the police force. I'm trying to focus on my fitness to pass the physical test. I feared that working full time would be a step back from where I want to be. I realise that this isn't realistic and I've been seeking full time employment. However, I'm finding it difficult to find anything that matches his wages that I would have the skills for. I could get promoted in my current job fairly easily. I'd only be on about $40,000 a year and I'm not a huge fan of my job right now, but that's the easy option. + +Our rent and bills per fortnight come to about $1100 on average. That's excluding 'living' money (food etc) which would be about $500 per fortnight. + +I want so badly for there to be a great solution to this problem. I know there's no 'miracle' cure and likely we'll just have to wait it out until either one of us can get new jobs... but I just can't stand seeing him so down. I thought I'd see if anybody has any advice, small or large. + +TL;DR +Boyfriend hates his job, earns $70,000(AUD) a year. I'm struggling to find full time work and currently working casually for about $25,000 per year. Is there any advice while we wait for better job prospects to arise? + + +You read that right. One of the biggest and nastiest family teams in the world, FMRLLC is terrified of some dude with long socks, flip flops, and comfy as F in his GameStop swag. They literally depicted what a zen trader looks like. Dude dgaf, he has his popcorn to watch the world go to shit, and sits comfortably with that purple ring reminding him he made all the right decisions in life. + +This is incredibly BULLISH. They know GameStop investors are lost customers. Never to return to their wack ass, boomer, brokerage firm. + +They gave you an image into their psyche. That is who haunts their dreams. They are terrified of that dude. + +Of course, superstonk is far more diverse than just one phenotype. (and i know there are some pretty handsome folk around here). Looking at you u/criand ;) xoxo +Hey guys, It’s your boy- bvttfvcker. + +I want to address the people in this sub and how these events over the past year have affected all of our lives; whether you just showed up to the party recently or have been an avid investor in the greatest company in the world since pre 11/2020, this has been a BIG, SLOW MOVING TRAIN. + +This whole journey has been a literal deployment- exciting things have happened every day, there’s been drama left and right, idols have been deemed as false- we’ve even had to cast some bad actors off our little island over the past almost full year now. + +It’s okay to think of this as taking a while- between when Dr. Burry found (and hedged) the massive flaws in our housing market, it took some 2 1/2 years before he saw a return. + +And most of us are committing ourselves to a trade that we expect to have a certain percent return for in the end (no matter how seemingly ridiculous or how long it takes). + +I was a day-trader before GameStop, and a really shitty one. I got lucky on COVID. I have not and will not sell a single GME share until this is done. + +If you are ever having doubts and just want to vent, find one of my shitposts. I will always talk to you :) + +Edit: I want to drive the point home on a closing note that I understand the frustration in not seeing massive gains right now. I felt cheated in March during the flash crash. I felt serious pain in January. This may be the last chance most of us have at seeing retirement. God bless all of you. +Enjoy your green energy gains! With Blue’s victory of senate approaching, do you think we’ll see a significant surge in green energy? 2020 saw a nearly 140% increase in price, how do you think 2021 will pan out? + +For UK/Euro investors: Looks like $INRG might be the fund you’re looking for, this fund shares many of the same holdings. Hope this was helpful :) +Today, August 15th, it's 50 years since the iconic moment Richard Nixon in 1971 signed the papers, left the Gold Standard, and adopted the fiat currency. Through the last 50 years the US has taken advantage of the monetary freedom and printed their way out of economic crises. This has had short term benefits of easing the downturns, yet has had the consequence of building up $28 Trillion of debt. + +What is your opinion on the development since the 70's, and do you believe there will ever be a time where they would adopt some form of Gold Standard again? + +You can find the original article on the 50th anniversary, that covers the history and development of the Gold Standard below; + [https://checkthechance.com/50th-anniversary-of-usa-leaving-the-gold-standard/](https://checkthechance.com/50th-anniversary-of-usa-leaving-the-gold-standard/) +It's not much, but it's honest work. Just bringing support for y'all. I'm not rich yet, so I can't buy more at this time. I also wonder whether I need to do anything regarding DRS when I live in Europe. Anyway, I'm a tough boy and I won't paper hand my shares, pinky promise! + +I really hope the analysis here and on reddit in general is solid. :D + +Edit: okay, after a rough and emotionally exhausting day, I really appreciate your supportive words, fellas. <3 +Hey everyone. I have a question. So I was asked to come in and help out at my work (after I put in my 40hrs of the week.) I was messaged by my manager that if I were to come in and help, I would get $$/hr on top of my overtime pay, as well as a $100 gift card to incentivize helping. I learned that gift card, and the others in the future if I choose to accept, would be taxed. I’m wondering if it’s in my best interest to accept the gift card incentives? + +Edit: I appreciate the responses everyone. Final thought is I will take the gift cards, but to give myself better peace of mind, saving them until after doing my taxes. Thank you! +I've read a good amount on here but haven't found something that's close enough to my situation to answer my questions, so: + +22yo, $56k/year income, very low expenses due to not having to pay rent and other cheap living options I've found (spending under 1k/month). No debt, health insurance covered by current and any future employers I may have. + +I expect to make about the same amount for the next couple decades (could go higher but my field is a bit finicy and I don't want to plan on it). In the next 1-3 years I will switch to paying rent or purchasing a home, but I've read up on all of that and that wouldn't incease my expenses by more that \~1k/month. + +I have a Roth IRA that I've maxed last year and this year, and am going to max out the amount I can put into my 401k this year and next year. + +I don't make enough for the "mega backdoor" 401k idea I've read about, but still have a good amount of money coming in that I can't put into my tax advantaged accounts. Where should I be saving the rest? + +I have about 25k in my savings account and don't need all of that for an emergency fund, and will have close 15k+ more this year that will just be put into my savings account unless I isolate a better place to put it. + +Things that I've considered but am unsure of: + +* trying to retire around \~40, but I don't know how/where to invest to save for that since the tax advantaged accounts are for the most part not accesible until 59.5 for me. +* The threads of the "get rich retire early" people seem to say that investing in index funds are the way to go, should I be looking at just the basic Vanguard index funds or do I need to know more? I can't seem to find the right thing to google to learn about the taxes/fees that may be associated. +* I don't want to be very hands on, and am not trying to have 50million by the time I die, I just want to not have to worry about money and not have to worry about the stock market on a super regular basis. +* I will most likely switch to a similar paying job in the next few years that DOESN'T have a 401k option. If I am still able to save the $19,500 I would have put into a 401k, where should I put it? I know there is a kind of 401k equivalent for people who's employers don't offer it, but should I be prepared to switch to one of those or futher invest in a different way? +* If the answer is "invest in stocks" or something similar, please be specific and provide more than just the basic reddit links. This is scary and new even though I've made it through most of those threads and understand the majority of it. +* My roth IRA is in a Vanguard target retirement fund for 2060, should I just set up another account with Vanguard but not as an IRA, and invest there again? + +Appreciate the help in advance, I'm happy to provide more info if I've missed anything important. +I have a way2save retirement account with Wells Fargo’s. I’m looking to open a Roth IRA account. I have a brokerage account with TD Ameritrade and was considering opening a Roth IRA with them. Is there any difference with which brokerage I choose for my Roth IRA. Also is it fine to keep my Wells Fargo way2save retirement account? Will I get tax benefits from both? +Hi all, + + +As the title mentions- I transferred $5000 into my fidelity account. I really want to invest it all into a rothIRA, but not sure what my spread should be. + + +The money has been sitting in my account for weeks and I'd like to just invest it somewhere. + + +My Dad recommended 60% FNILX, 20% FSMAX, 10% to FSNNX, and 10% FZILX. Does this seem like a good spread to you? + + +For more information, I am 25y/o. I am making $40k/year right now but will be getting a big pay increase to about $60k/year in a few months. + + +Ideally, I just want to be able to retire comfortably, or maybe be able to pull out some a little earlier if needed. + + +Thanks I'm advance for the advice. +I (19F) currently have no credit at all. I tried asking my parents when I was 18 but they declined and laughed saying I wouldn't be able to pay or manage one despite me having a job and managing my finances (I pay for college and insurance) well. So, should I start with a credit builder or a credit card? What are some good companies in America? What are some important things to remember? What's the best way to build credit fast (I'm trying to move out next year)? +So I previously asked about further things I can do to optimize my retirement strategy, having recently been blessed with a well paying full time job after suffering through 2 years of poverty. + +&#x200B; + +I am currently: + +Maxing 401k which has a 5% employer match + +Maxing out $3400 HSA + +Maxing out $6000 Roth IRA + +&#x200B; + +I invested a chunk of my extra income after my last thread into a fidelity taxable account 60/40 FZROX/FZILX (the fidelity zero ETFs) which from what I understand is the most tax optimized way to invest a taxable account. + +&#x200B; + +I have student debt, but one huge benefit I've learned is that my employer qualifies me for PSLF which means that I can make 10 years of the minimum payments (some months already waived due to covid) - and the rest of the debt is forgiven. + +&#x200B; + +Now - my next question is regarding social security. I did some researching - and I understand that there is speculation about whether this program will even exist by the time I reach my 60s - but assuming it does... why do most people never mention social security in their retirement plan? I've done a ton of reading on reddit and also youtube and not a single person mentions the potential money that you may be given as part of social security. From what I understand, the amount you are given depends on how many years you worked (and paid taxes towards this program) under a qualifying employer. 10 being the minimum number of years for minimum benefits, and 35 being the maximum number of years. + +&#x200B; + +Doesn't the existence of social security vastly lower the amount of money required for someone to retire? Or is this so up in the air that most people just choose to just assume that it won't be there? +So this post is going to be a little different from the typical planning post here, and is going to be a little out there for the majority of people, but here goes: + +As my username indicates, I believe in the technological singularity. If you're not familiar with this, a brief description of it is that at some point, technology is going to advance so quickly that we will eventually develop technologies that allow us to extend our lifespan indefinitely. Most believe it'll come in the form of super human AI that self improves at an exponential rate, and if they become benefactors of humanity, they will assist in our achieving immortality, whether that comes in the form of gene therapy, or uploading our consciousness to artificial bodies. + +Now that we've got that out of the way, I want to talk about the financial implications. Most people plan to live to the current average age of 80-mid 90s, and a lot of retirement dates and safe withdrawal rates reflect this. Others believe that we will have longer lifespans bringing a lot of retirees into the 100 - 120 year old range. Still fewer, myself included, believe we will live indefinitely. Thousands or tens of thousands of years. There of course is a lot of debate over first whether this will ever come about, or if it does, whether it is ethical in an ever overpopulated and under resourced world. Those are valid concerns, but putting that aside, lets just assume that it does become possible to never die of natural causes. All diseases cured, eternal youth achieved, the only thing you have to worry about is getting hit by a bus or murdered. What happens to you financially? + +I plan under the assumption that I'm going to need to support myself and maybe some family, well, forever. As many of you and those in the other finance subs do, I try to max my tax advantaged retirement accounts as early as possible (I'm currently 27, making around 110k). I focus on my HSA account because I believe a lot of these advancements will be in the medical field, and I don't want to miss out on forever due to not having enough money saved to afford life saving gene therapies. I also plan to work far longer than most would consider necessary, because what is 65-75 years if you have eternity to reap the benefits? What I'm aiming to do is get to a point where I can not only afford the treatments that will allow me to live a happy, healthy life for as long as I want, but also to have an ever increasing amount of money once it hits the point of exponential growth. This will require that I work longer than the average person in my financial position, and my amount of money in retirement will seem excessive for the amount that I typically spend, but I want to spend forever watching history happen, exploring our solar system, and watching humanity flourish. + +Hit me with your skepticism and thoughts on financing immortality. +Perhaps I’m overthinking this, but is there any real benefit from using a CD? Even with slighter higher interest rates than a HYSA, it still wouldn’t beat inflation. Plus you lose liquidity. Any interest earned wouldn’t be substantial enough to make any meaningful impact. It seems on paper to me it’s an obsolete tool that is better served by either bonds (no immediate liquidity needed for you; ie a house down payment) or a simple HYSA (needing liquidity). Am I missing something in my thinking? +I got into crypto almost a year ago. It's been an incredible experience learning about Bitcoin, blockchain, and other cryptos. While it's game-changing technology and a potentially great investment, it has also been a tremendously fun hobby and given me countless hours of reading, entertainment, learning, and even new relationships. It's awesome to see this community growing at the pace it has and I hope to see it continue long into the future because this is something I'd like to stay involved in for the rest of my life. + +With that said, the amount of bogus information and speculation on Reddit regarding the crypto market is painful to endure. For those that are newbs, which I still in some ways consider myself pretty new to this, it is easy to get caught up in the forecasting and high or low expectations for Bitcoin and other coin prices. Everyone obviously wants to see this market continue to boom, and positivity is a great thing. But there is a big difference between positivity and downright bogus speculation. The same goes for those that predict bear markets and crashes. The uninformed predictions of the market plummeting are no different. I may be overshooting this a little, but I'd say that more than 99% of what I read on Reddit regarding the market falls into the bogus speculation category. That is not a good look on cryptocurrency as a whole. We need to be realists, and the reality is that being a realist about crypto means admitting that you just have no clue whatsoever. + +I only came to terms with this myself around January. And let me tell you that it has been so liberating. The freedom I feel knowing that speculative posts on Reddit no longer have any effect on me is hard to describe. With this newfound freedom, my interest and focus on crypto and blockchain has only grown stronger. So newbs, and everyone, take a moment and reflect on what you want out of this. Focus on your own personal understanding of crypto and its benefits and downfalls. Learn, learn, and learn, but use valid sources of information, not speculation. In closing, I'll admit I'm a HODLer. But you do you and enjoy the fact that you get to be involved in the early stages of some incredible technology. +Okay, so yes I've made over $600 in my time. Got my first electronic check in like, August... I want it to be clear that this is like my first "job", I've never worked before and tbh I don't have a clue on how to work taxes. I haven't gotten a special forum in the mail by Google yet. + +&#x200B; + +I just don't know how to go about paying taxes for this. I just upload videos, it gets ad revenue, then I get paid through electronic check and that's pretty much it. +I am very new to Bitcoins, but I learned a lot from the dot.com crash and I see a lot of similarities. I’d like to share what I have learned as it applies to Bitcoins, for the new Bitcoin thousandaires. +1) Do not spend more than you can afford to lose! For a good guide, imagine planning for a weekend in Vegas or a day at the track or a poker outing. What is the most that you would want to gamble? If you spent more than twice that much on Bitcoins, you may want to rethink your strategy. +2) Have an exit strategy, a backup exit strategy, and test them out. Most people think this is a bubble, but I can tell you that if there isn’t a burst, there will be a correction. And the higher and faster things rise, the harder they fall. Once a correction is triggered, people will panic, and trading sites will be overloaded and even crash. trading sites may even go bankrupt. New accounts can be slow to be approved or delayed indefinitely. This is why you should have at least 2 trading accounts made, and linked to a bank account. And test them, do a small trade. Imagine having 2000 Bitcoins, and it reaches $500. Then it starts falling, so you want to cash out at least half because you want to buy a house. It’s at 400, so you decide to sell. You register for a trading account. That takes a few hours to be approved. It’s at 350. You transfer Bitcoins. It takes 3 hours. 325. You make a trade. The site crashes before it’s done. Next day, it is back up, and we are at 275. You make the trade at 250. You could have had it at 350 had you registered. You finally get the money and have it transferred. Hey, $250,000 isn’t bad. But there is a transfer limit. You are not verified, so you transfer $10,000, the site’s daily limit. And you wait a week. And then you find out your bank does not accept transfers to savings accounts, only checking accounts. And by the time you fix this up, the trading site has gone bankrupt, and it takes you 3 years to finally get a claim in and get 20 cents on the dollar. Most could have been avoided by testing out the system with 0.1 Bitcoins. +Now by all means, support Bitcoins, start using them for trades, and encourage vendors to accept them. This ‘bubble’ is only a small part of the big picture. But for those of you who have $40K in bitcoins and only $300 in your pocket, well, this advice is for you. + + +Algorand Metrics: + +[metrics.Algorand.org](https://metrics.Algorand.org) + +Algorand's unique and novel 1/1 blockchain design called Pure-Proof of Stake(PPoS) allows for decentralization, scalability, and security. + +Here is a break down of what exactly Pure Proof of Stake is and why it is unique: + +https://preview.redd.it/dx1ea20cire91.jpg?width=680&format=pjpg&auto=webp&s=395b52cbfa4f77534ad7a6ccc8b4d5a06a51fe46 + +* **Block Proposal:** Accounts propose new blocks to the network +* **Soft Vote:** Committee votes on proposals and filters down to one +* **Certify Vote:** Separate committee votes to certify the block +* **Each node receives a certificate for the block and writes it to the ledger** +* **New round is initiated and process starts over with new block proposers and voters** + +The Algorand blockchain uses a decentralized Byzantine agreement protocol based on pure proof-of-stake (PPoS). It can tolerate an arbitrary number of malicious users as long as honest users (those that follow the instructions of the protocol) hold more than two-thirds of the total stake in the system. The following is a brief overview of the Algorand protocol. + +## Protocol Participation + +In Algorand, every online user who possesses algos can participate in the consensus protocol. To reduce exposure, users do not use their spending keys (i.e., the keys they use to spend stake) for consensus. Instead, a user who wishes to participate in the protocol generates and registers a participation key. With this key, an account can participate in proposing and voting on blocks. Using participation keys ensures that a user's algos are secure even if their participating node is compromised. + +#### Self-Selection via Verifiable Random Function + +Every block in Algorand reveals a new random and unpredictable selection seed that determines which users should participate in the next round of the consensus protocol. When a new block gets committed to the blockchain, everyone becomes aware of this seed (and everyone sees the same seed). A user secretly checks whether they were selected to participate by evaluating a Verifiable Random Function (VRF) with their secret participation key and the selection seed. This computation is minimal, so even a limited device such as a Raspberry Pi can do it. The VRF computation produces a pseudorandom output with a cryptographic proof that anyone can use to verify the result. By sending this proof, a user can prove to anyone that they were indeed selected to participate. + +#### Pure Proof-of-Stake + +What makes this protocol pure proof-of-stake is the fact that users are chosen to participate in the protocol based on the stake (number of algos) that they have. The VRF behaves similarly to a weighted lottery; it is as if every algo in an account gets its own lottery ticket. The more algos in an online account, the better chance the account has of being selected to participate. + +#### User Replaceability + +The selection of users to participate in the certification of blocks using the VRF is done randomly and secretly, without any communication among the users. Since executing this procedure requires a user’s private key, no one except for that user knows whether they were selected. An adversary does not know who matters in generating the next block (and thus should be targeted) until after a selected user participates in the consensus protocol. And by the time an adversary realizes that a user is selected, it is too late for them to benefit from an attack; the user has already sent their message and fulfilled their responsibility in the consensus protocol. Furthermore, for each step of the protocol a unique subset of participants is randomly and privately selected, independent of earlier subsets. + +#### Achieving Consensus + +Consensus refers to the way blocks are selected and written to the blockchain. Algorand uses the VRF described above to select accounts to propose blocks for a given round. When a block is proposed to the blockchain, a committee of voters is selected to vote on the block proposal. If a super majority of the votes are from honest participants, the block can be certified. + +Consensus requires three steps to propose, confirm, and write a block to the blockchain: 1) propose, 2) soft vote, and 3) certify vote. Each is described below, assuming the ideal case when there are no malicious users and the network is not partitioned (i.e., none of the network is down due to technical issues or from DoS attacks). + +#### Block Proposal + +In the block proposal step, accounts are selected to propose new blocks to the network. This phase starts with every node in the network looping through each of the accounts that it manages and, for each account that is online and participating, running Algorand’s VRF to determine if the account is selected to propose the block. Once an account is selected, each node propagates its proposed block along with the VRF output, which proves that the account is a valid proposer. Each node in the network will get block proposals from other nodes, and then validate the VRF output for these proposals. + +#### Soft Vote + +Next, each node will run the VRF for every participating account it manages to see if they have been chosen to participate in the soft vote committee. If an account is chosen, it will have a weighted vote based on the number of algos it has. Each account chosen will filter the proposals down to one by voting to confirm the block. These votes will be for the lowest VRF block proposal calculated at the timeout and will be sent out to the other nodes along with the VRF proof. Each node will validate the committee membership VRF proof before adding to the vote tally. Once a quorum is reached for the soft vote, the process moves to the certify vote step. + +#### Certify Vote + +A new committee is then selected to check the block proposal that was voted on in the soft vote phase for overspending, double-spending, or any other problems. If valid, the committee votes again to certify the block. This is done in a similar manner to the soft vote where each node iterates through its managed accounts to select a committee and to send votes. These votes are collected and validated by each node until a quorum is reached, triggering an end to the round and prompting the node to create a certificate for the block and write it to the ledger. At that point, a new round is initiated and the process starts over. + +&#x200B; + +https://preview.redd.it/oteo2v9iire91.jpg?width=1282&format=pjpg&auto=webp&s=9f54b0c63e767bb05c72b4a7f9d93cfc047a1eff + +# People tend to unfairly criticize Algorand's tokenomics so here is an exact break down: + +* **10 Billion MAX SUPPLY (There will never be more).** +* **7 Billion ALREADY IN CIRCULATION (70% are already owned).** +* **3 Billion left to be released, the only way to obtain them is via Governance until 2030.** +* **Yearly inflation is around 3.7% until 2030, when Algorand will become deflationary.** + +Links: + +* [Algo Supply](https://www.algorand.foundation/general-faq) +* [Tokenomics](https://www.algorand.foundation/tokenomics) +* [Transparency Reports](https://www.algorand.foundation/transparency) + +&#x200B; + +If you're interested in participating in Governance, the next period sign up opens October 1st: + +[algorand.foundation/governance](https://algorand.foundation/governance) +So I'm a little lost on this one. I have a couple of investments which I buy a little into each week. Ideally I keep this up for years, but at some point I might need to skim a little off the top. I know there's a 50%discount on investments made over 12 months old. Given I invest each week would I be eligible for this if the amount I dispose of could have been accounted for by purchases that are older than 12 months? +https://newsfilter.io/a/53a8668b31a68335d92b3c59bb0d0a8f + +Lock and load retards. AMC is doubling its shares in a preferred short position. What does that mean? Hedgies are double deep and having to buy a share of the new ticker, designated APE, and will have 2 days to fill every order of an entirely new ticker. + +EDIT 1: Well I’m a retard, so go figure I’d mess this up on my first go-round. There’s a reason I’m on here, after all. + +With $APE, there will be a total of 516,820,595 individual shares to be distributed in a quantity coinciding with the count of the current float. If you own a legitimate share of $AMC, you will get a share of $APE. AA stated this is essentially going to function like a share count. Shorts will have to purchase and provide shares for each short they hold position in. They will have 2 days to do this from when $APE goes up, market makers will have 35 calendar days to cover because fuck you, they get 35 days. This is POTENTIALLY the same reason we haven’t seen much happening after the GME split - we haven’t reached the 35 day mark. This is also not inherent dilution because while $APE can be traded for a share of $AMC, that will have to happen only with the approval of shareholders at a future date. As of right now, $APE is its own ticker. + +This is not financial advice. I don’t claim that any of this is factual or even remotely correct because I have 2 brain cells and you should do your own damn research. I’m sure I have continued to fuck this up somehow anyway. I’m not an expert. Like I said before: there’s a reason I’m here and not somewhere else. + +I am also openly challenging u/Stylux to a bet if they aren’t too afraid. Terms will be stated and negotiated upon their response and potential acceptance to this bet. +First time I ever utilized an insurance broker was 2 years ago and they immediately shaved off $800 off my annual car insurance premium and got me slightly better coverage. When I bought a house they found me higher coverage with lower premiums for my home insurance. + +Now I'm looking for another property and this time around I'm using a mortgage broker and wow, I wish I had thought of using one the first time around. She's answering all my questions, found me the best rates and lowest closing costs, and the best part of all, she answers within a few hours over text. I had spent all last week reaching out to different banks/credit unions and got terrible rates, high closing costs, or no answer at all. + +I always assumed they would try to rip me off since their commission depends on the premium, but boy was I wrong. I've never known anyone who uses one, am I just not seeing the downside here? +https://www.express.co.uk/finance/city/1520609/shiba-inu-price-latest-crypto-news-shib-army-dogebonk-bitcoin-ethereum + +Recently I saw a top post about DogeBonk $DoBo coming out of no where and taking meme coins to another level. Over at r/DogeBonk looks like they are currently in an active meme competition to plaster DogeBonk memes all around London tube stations for more exposure. + +As the article says, new kinda meme token on the market promoting themselves as the true meme coin with grassroot memes, bonking other meme coins out of the way. Still under 100mil MCap with Devs leaking they are currently in discussion with 4 exchanges for upcoming listings. This is definitely one to watch over the coming months as the Nov/Dec bull cycle comes storming in. Soon as an exchange is listed, seems to be a certain 10-20x to the billion MCap club. Also, it seems this token is going to be pushed by Binance chain group to be the leading force for BSC meme token to take on the rest. When binance whales/institutions jump on board, this will quickly take off to the moon! +I have a 620 credit score and I'd like for it to go up 100 points in the next year to year and half so I can get a mortgage. If I get a credit card and use it and pay the bills off right away does that make my score go up? +I have been thinking about how this pandemic will change the world for several days and from a business perspective. I think one of the biggest changes will be in theaters, to survive they will have to change their business model. I think the perfect solution would be the return of the Auto Cinemas. + +* It is nostalgic +* Cleaner +*Economic +* With technology today they can create apps that synchronize sound directly in your car. +* More Privacy + +What do you think? +In mid September, the SEC threatened to sue Coinbase if it launches its then planned lending product. Even though there were similar services already available, the SEC targeted Coinbase due to its size and profile to send a message. + +Cut to today and coinbase has got a hell of a message for the SEC! Come borrow a million bucks! This has made my day! + +This is the way the SEC should be treated, with the same amount of respect it shows crypto. Keep doing your thing Coinbase, you scored another fan today. + +Sources: +https://blockchain.news/news/coinbase-exchange-users-can-borrow-up-to-1m-loan-bitcoin-collateral + +https://www.thebanker.com/Banking-Regulation-Risk/Regulation/SEC-warns-Coinbase-over-proposed-yield-product?ct=true +Trump makes move calling for US Treasury to release FNF from government control + +[https://www.foxbusiness.com/politics/trump-to-address-fannie-freddie-overhaul](https://www.foxbusiness.com/politics/trump-to-address-fannie-freddie-overhaul) + + +Stock closed up 8% today. This follows Bill Ackman's letter to investors expressing enthusiasm with new FHFA director Mark Calabria awaiting confirmation. +Credit to [u/FriedrichWeyland](https://www.reddit.com/user/FriedrichWeyland/) who explains why Morgan Stanley may have sold their GME positions. + +[https://www.reddit.com/r/GME/comments/nfqkgv/sricc2021005\_and\_morgan\_stanley/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/GME/comments/nfqkgv/sricc2021005_and_morgan_stanley/?utm_source=share&utm_medium=web2x&context=3) + +On page 6 of SR-ICC-2021-005 ([https://www.sec.gov/rules/sro/icc/2021/34-91806.pdf](https://www.sec.gov/rules/sro/icc/2021/34-91806.pdf)), one of the recovery tools/actions ICC can use is : + +\--Partial tear-up of remaining positions (ICC Rules 20-605(f)(iii) and 809) where ICC terminates positions of non-defaulting CPs that exactly offset those in the defaulter’s remaining portfolio; and + + \--Reduced gains distributions (“RGD”) (ICC Rule 808) for up to five consecutive business days, allowing ICC to reduce payment of variation, or mark-to-market, gains that would otherwise be owed to CPs, as ICC attempts a secondary auction or conducts a partialtear-up. + +What this clause is saying is that if the defaulting member has positions like say short GME, any non-defaulting member who has an offsetting position (in this case long GME) would have that offsetting position terminated. + +The question is how does the ICC define the term "terminating" a position. Do they force the non-defaulting member to sell their offsetting position? Is the offsetting position taken away from the non-defaulting member and just used outright to cancel the position the defaulter passed to ICC members? + +&#x200B; + +In options, when an option is terminated it means the buyer is legally allowed to cancel an executed trade. I just don't know how "terminate" would be defined in this case. Anyone care to chime in? +EDIT: Well I certainly did not expect this many answers! + +As for a little more background on this. I'm 23 and was never really interested in stocks. It really only confused me and my father had actually told me to never mess with them unless I knew what I was doing. I honestly didn't even know he had this much in NOC. + +When he passed, it went to my mom, which will eventually go to me. My mom and I want to grow this 75k into a potential downpayment for my future house. So that was what prompted me into asking this on Reddit! + +Again, thank you guys for all the advice! I have a lot of reading to do tonight. +Any website/service that allows trading of crypto but no deposits/withdrawals = immediate scam warning. Withdrawals have been promised (itsss coming) for 2 years in Robinhood but its not yet there. + +Today they stopped users (mostly retail) from trading GME and the price crashed from $500 to $300, but large institutions can still buy on their institutional brokers now at a much cheaper price. Robinhood has effectively manipulated the market by locking its customers out, and aiding the institutions who need to buy GME to cover their shorts. +Anyone else have NOBODY to talk to about investing or stocks? Because your friends and family dont invest and you dont want them to start because either they are too dumb or afraid of the market? Yes there are those people.. just thought it would make a nice Thanksgiving dinner convo for my family but.. nobody invests in my family!.. stocks serve as a nice hobby for me but I can never talk about it. +Hello everyone! + +I've realized that a lot of people, specially new ones in this community don't really have a lot of knowledge about these terms and what each of them mean, so I decided to try to make everything clear so that people don't expect completely unrealistic things(like doge is going to reach 1000 USD) + +So first things first what does each of those words you find in websites like coinmarketcap and coin gecko mean? Let's understand one by one: + +**VALUE** + +The value of a coin is the last price someone paid for that coin, note that it doesn't need to be a "whole" coin you can buy 0.0001 coin but the value is always stated as a whole coin. + +EXAMPLE: 1 BTC = 37.791 USD this is how much the last BTC transaction cost to the buyer corrected for 1 BTC. ( So if he bought 0.1 BTC he paid 3.7791 USD) + +**CIRCULATING SUPPLY** + +This is the amount of a coin that can be exchanged at the moment. + +EXAMPLES: + +BTC = 18,618,562 +ETH = 114,525,091 + +Note that BTC circulating supply is way lower then ETH which means there is less bitcoin in existence now than there is Ethereum(this is very important) + +**TOTAL SUPPLY** + +Total supply is the amount of a coin that can be exchanged + the amount that is locked(but already exists). NOT the amount that will be available in the future. + +**MAX SUPPLY** + +This is the total amount of a coin that will ever exist. + +NOTE: some coins DON'T have a max supply as there will always be new coins generated. Ex:. Dogecoin + +**MARKET CAP** +Market cap is a simple multiplication of the value of a coin with its circulating supply + +Example: BTC: 37,791 USD x 18,618,562 = 703614076542 + +As you probably already know Bitcoin is the number one Cryptocurrency in existence today and that is NOT because it has the highest value, but because it has the highest market cap. + +That is why 62% of the crypto value is in BTC, because that's the amount of money that is invest in that coin considering the amount of coins in existence. + +so for Ethereum to surpass bitcoin its value DOESNT need to go 40k it needs to go to 6143 (at the current supply) + +Just so you guys understand how absurd is the idea of doge reaching 100 USD, were that to happen at the current circulating supply (note that doge supply is always increasing quite faster then BTC and ETH) it would have a market cap of 12.8 trillion dollars which is 12 times more than all money invested in all cryptocurrencies at the moment. Oh but how about 1 dollar? Then it would be 128 billion. + +**Conclusion** + +DON'T BUY A COIN BECAUSE THE VALUE IS LOW, check the market cap for growth but also check the technology and how other people might be interested in buying that coin as well. + +**Edit** + +Miscalculated doge 😅 +At the same time it is really great opportunity to buy more now but nah, I told myself I'm happy with what I have, if i'm gonna keep adding and adding this will never end. I'm a do or die with bitcoin and I'm glad I'm transparent and that I don't need to jump from a building now lol. Anyway HODL and see yea in couple of years ! +I’m trying to figure out which the better investment would have been over the last 20 years. + +An S&P 500 Index Fund, for example: SPY, or a property in San Francisco: lets assume average price across the whole city over the same time frame. + +If two identical people had taken all of their disposable income and savings and one put it into SF property and the other SPY, who would have come out ahead? + +For the sake of concreteness, lets say the one investing in SF Real Estate lived in the house, whereas the one investing in SPY paid an equal amount of rent to the Mortgage of the SF property, but without Property taxes. + +To be clear, this is not asking what a viable investment strategy is, or if it's smart to invest like in the examples above. + +This is strictly asking about the outcome value-wise of the above two options +Hello, + +I'm looking for some advice regarding Tech/Finance jobs as a STEM graduate. I graduated a couple of years ago with a Civil Engineering degree. I did well through university and ended up graduating with HD+ average and university medal. + +I've been working as a graduate structural engineer since graduating and have come to the realisation that I do not really enjoy the industry. The pay is decent, but would be considered average when compared to a lot of industries, and I really don't enjoy the nature of the construction industry (too much hassling, confrontation, and corner cutting for my liking). + +I am looking towards trying to pivot into the Tech or Finance industry, but I unfortunately have very little coding experience (only a couple of subjects required it during my studies). + +What sort of jobs within the Tech/Finance industries required an analytical mindset and will hire from outside Finance/IT degrees? I love everything to do with data, numbers, and problem solving. + +I tried my luck out for quantitative trading positions, but stumbled at the final hurdle in the hiring process of a couple of companies. Obviously these positions are super competitive due to the obscene salaries. + +Any insight into starting positions would be much appreciated, whether it be jobs or companies, or telling me I need to go back to university for a computer science degree. I was always told that STEM degrees were great in terms of being able to branch out into other industries, but am a bit lost in terms of where to look for entry-level roles. + +Thank you. +I graduated college with a (as of now) useless degree. For a couple of years after I rented with my friends and worked in a pizza kitchen and as a personal care assistant to a college buddy who has a disability. When he moved away and my lease ended, I moved to my parents' state and planned to crash on their couch for a few weeks while I looked for a job. I ended up working another kitchen job and sleeping on their couch from September til now. + +I'll be the first to admit I have not been good with money in my past. I paid my rent, utilities, and insurance then blew the rest. But late last year I tried to start getting my stuff together. + +Because of the CARES Act plus my own savings, I now have more in my account than I've ever had before. (A few thousand) And I'm only paying my super gracious parents a small amount for rent. How do I invest/use this money responsibly? + +I don't know much about mutual funds or stocks; I was never taught that sort of thing. I owe five figures in student loans, but I'm on a $10 a month payment plan and interest is temporarily frozen. I've already put a portion of my new money into it. + +My actual passion, longshot as it is, is to write for television. I don't have any connections, though, and I doubt just using this money to pack up and move to Cali would be wise. I've thought about investing in a super cheap TV pilot like the Always Sunny guys; or even going to grad school primarily to make those important connections, but if that fails that's just more money I owe. + +Right now I'm leaning toward mutual funds, just based on what I've heard. It's just that most financial advice seems to be to young professionals with a spouse and kids. I don't want to start a traditional family. I want to do what's best for me, and my own independence. I'm tired of squandering what I have because of impulses or bad choices. I've never posted anywhere like this before, but I could use some help. +Like many others on here, I’ve seen so many incredible stories and thought wow how did people do that. No doubt a lot of hard work and smart budgeting went into it, but I think it’s also important to acknowledge that there was a lot of luck - the stock market has been on an amazing run the last 10 years. If you started working and saving 10 years ago, the S&P 500 was just over 1000. It’s now over 3300, and that doesn’t account for dividends. Compare that to the previous 10 years when it was basically flat. Just something to keep in mind. We all do the best we can but somethings are out of our control. +Not looking for a managed account, I do my own investing. I also realize that at this level we don't qualify as hnw or uhnw so most private banks won't be interested. + +Do any banks offer any kind of meaningful benefits over 1mm in dep/inv balance? I know that if I'm buying a home I can get some great rate discounts but not looking at getting a mortgage for another few years. Is there anything else in terms of substantial benefits I should be aware of? + +They all offer free trades, better (but still shitty) interest rates on deposits, etc. Maybe I'm missing something that is actually attractive? + +Thanks +45M married with 2 elementary aged kids. NW \~$30M. + +We're working on our estate plan and several people (Estate Planning Attorney and CPA) have advised us that appointing a corporate trustee is the way to go vs. a family member as Trustee. + +Our local experts in a MCOL city are recommending that we build a relationship with a local Trust Company to ensure that our wishes are carried out. Anecdotally, they tell stories about problematic estates with family trustees and assure us that estates managed by corporate Trustees are run more smoothly. + +However, the costs seem relatively high, and because we're relatively young, there's no guarantee that the people we work with at the Trust company today will even be around in 30-40 years. + +I'm tempted to initially use a relatively low cost corporate Trustee option like Vanguard ([https://www.vanguard.com/pdf/a196.pdf](https://www.vanguard.com/pdf/a196.pdf)) and potentially shift to a more relationship based local option as we age. + +Would love to hear how others have approached this! + +**EDIT WITH UPDATES:** + +Spoke to the local Corporate Trustee and they seemed like smart, competent people. Their pitch was along the following lines: + \- In a worst case scenario in which my spouse and I both die and our children go to a sibling as Guardian, having a Corporate Trustee allows extended family to focus on the children and not the money. It might be stressful learning to managing $30m+ + \- Unlike a large national bank (or Vanguard), they would respect wishes to hold unusual assets rather than liquidating them (e.g. real estate, private co stock, oil rights, etc). + \- They would also respect broad investment direction such as "strong preference for low cost mutual funds and ETFs." + \- They are comfortable making hard decisions when minors are pushing the limits on spending (cars, study abroad, rehab, etc). Essentially they follow the guidelines of the written documents and exceptions need to go to their committee. + \- As a local outfit, they would build a direct relationship with our heirs and their guardians. + +Fees were 1.25% on the first $1M and .5% above that - and were clearly negotiable above $10M. + + +We're still figuring out our approach, but I think we more clearly understand the difference between local corporate trustees and the options like Vanguard. + +&#x200B; +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. +Right off, Get out of Robinhood, it’s a cheap date and you deserve something classy with an actual caboose and some nice girls upfront. I’ve never been on a train but I’ve heard the analogy. I have been using Webull. + +Set up a screener. For example, use mine because that’s why you’re here. + +Region: USA +Price: 0-5 +Volume: 0.5M-20M +Technical Indicator: KDJ Oversold + +Now depending when you look at this screener you may have 80-100+ stocks, especially if you’re looking after hours which is when I have the time free from my wife. + +Try to be whelmed, not overly though. + +What I do as a long time g̶a̶m̶b̶l̶e̶r̶ trader of 6 months, is start to go through that line of tickers filtering the list and looking for several indicators. + +First, I run through the list to see if it spiked in the last week. If the fluctuation was huge and outside the stocks normal trading range I usually write it off a a pump and dump which will usually sour investor relations and cause stagnation. If you want you can further research why it’s had the price action and come to your own conclusions, but with this many tickers it’s a numbers game, like Yahtzee, which is a game me and my girlfriend enjoy. + +Then, after narrowing this down revisit the list and see which have recently dropped down 20% or more in the last 2 weeks look at the sentiment surrounding the stock in the past couple days/weeks. The stock is currently flagged as being oversold, indicating that it should be undervalued for some reason, but this isn’t always the case and may just be the stock settling at a lower price. The easiest way to do this is to use social media quickly just to see what people are saying about it. + +I use Twitter, Stocktwits, comment sections of other trading apps, and as many subreddits as possible r/pennystocks, r/stocks, r/smallstreetbets, r/tasseography etc. + +If no one is talking about it check the volume on the stock. If that’s normal to low compared to its standard trading range then there’s likely no chance of it moving soon. + +If people ARE talking about it, WHAT are they talking about. This is the quickest way to find information for you to do further research on, see what the general sentiment is and view other people’s perspectives to inform and create your own. + +Look for mentions of stock offerings, bankruptcies, SEC-filings, if you don’t know what something you see means use [investopedia.com](https://www.investopedia.com ) just find out why it is currently trading lower and then take that information over to a search engine. You have to fact check and do your own due diligence, and that applies everywhere in life or else suddenly you’re Mormon you know? + +You do not need to spend more than a minute on each stock at this stage, just confirming what people are saying and deciding whether or not the catalyst for the price drop seems likely to reverse. Now at this point what decisions you make are entirely up to you, but hopefully you have your list narrowed down to about 5-10 stocks. + +Now you do a deeper dive into these, using their company’s website as well as other sources to find detailed news. It’s also important to figure out how they are trading historically. Do they do offerings commonly, have they split recently, are they having any chance of being delisted (a threat w/Penny stocks), you want to make sure they don’t have a history of making life difficult for traders. + +Last you want to find those stocks with a catalyst in the near future 2-5 days out, If you can’t day trade you don’t want something due to pump tomorrow. Look for an offering closing, fda approvals, earnings, court cases, something that you are able to look forward to definitively. This is what will hopefully ensure that the stock you choose will have a chance to rebound. + +You hopefully will have 2-3 stocks that look best. + +BUT if you find NOTHING that looks good. + +DO NOT THROW MONEY AT SOMETHING RANDOM. + +There are new plays every day, and entering into something you’re not sure about is the worst. You will make foolish decisions, you will buy at the wrong time, you will sell at the wrong time, you will forget you have children in the house and will speak of your desire to unbirth them. + +Now if you do have something though, here are some rules I stick to, in no order of importance, with added notes. Think of it as a TLDR ... + +DON’T buy in pre-market/after-hours + +-IF you’re not confident with it, it’s not usually a good representation of the market but can nab you deals. I will however sell in PM or AH, if it hits my target(which is why Webull is my preference). + +DON’T play without “good odds” AFTER DD + +-Big point to remember, yes it’s all a house of cards but you can stack the cards in your favor. You need some sort of reason to be in the stock and you should be informed on how that might take shape. + +DON’T put your entire portfolio in one stock + +-If you diversify you will minimize your risk of taking a large loss and increase the odds of picking a winner + +DO complete DD before any buy + +-See above + +DON’T settle for or force a stock to buy, just don’t buy + +-Like I said before, plenty of plain wives on the prairie + +DO get a proper nights sleep + +-Underrated for sure, depending on your time zone this is difficult when trying to fit trading into your day but if you can this will help so much by creating a clearer and more awake headspace. Or microdose cocaine + +DO take profits at 10%-15% + +-I stick to this rule almost religiously, you may miss the m00n but remember that no one has even been there so it’s okay[.](https://giphy.com/gifs/trutv-adam-ruins-everything-conover-l1J9H0Lm5mMPflwzu) You don’t want to get pumped and dumped, you want to get in and get out. + +DON’T buy your full position immediately, ease in + +-Now this is more of a mental thing for me but it will help fight the feeling of a stock always dropping as soon as you buy it. It can prove useful as it may allow you to average down, but two sides to every coin. + +DO cut losses + +-I try to get out if the stock is dipping 5-10% and if it seem to be dipping below support. + +Alright I’m done + +[Here is some sort of proof, the line in the middle shows the difference. It was literally day and night when I started this strategy.](https://imgur.com/a/SjTH6K7) The PL % is all fucked up on my Webull btw +* Before the holiday season even started, U.S. credit card debt stood at $808B on Sept. 30, or the end of Q3, according to the Federal Reserve Bank of New York. +* That's $280B more than the previous high hit in 2008, at the height of the financial crisis that led to the Great Recession. +* "The scary number - $1 trillion - we'll definitely hit in 2018," said Jill Gonzalez, an analyst with WalletHub. + +^source: Yoel Minkoff, Seeking Alpha +Hi all! + +Interesting weeks are coming. We all will be great witnesses of how a corrupt government fails at trying to ban the most "unbannable" asset in the world. + +Just sit, hodl, grab you popcorn and enjoy!! + +Cheers +I make 800 and sum and I feel like I should yeet it all into bitcoin while I don't pay rent (live at home with dad) and I'm confident it will be the best thing I have ever done +This is the continuation of this thread: [https://www.reddit.com/r/wallstreetbets/comments/l71c4z/gme\_megathread/](https://www.reddit.com/r/wallstreetbets/comments/l71c4z/gme_megathread/) +House bought 420 000 $CAN in 2014; construction in 2005 and a new part added in 2010. Total loss to fire last week. About 15 000$ loss of goods inside, feeling I have good proofs (receipts, photos, etc) of what I owned and how the house was built. Still waiting for the report from the insurer claims ajuster but they told me that they will probably offer to rebuild from scratch except for the foundation of the new part which they maybe want to keep. Would an investment in a private claims ajuster be of any use? +Despite all the hype, I haven't seen an FRSX DD post. I did some DD on them a few months ago when I entered my position when MARK and stuff was getting pumped. [They work directly with FLIR](https://www.businesswire.com/news/home/20200521005697/en/Foresight-Announces-Quarter-2020-Financial-Results) and had a better balance sheet, so I sold out of MARK super early and have been in and out of FRSX a few times. I'm currently in and got in Friday at 1.34 I think, looking for an exit eventually (As we all are) but **I think I will average up tomorrow if I can get in sub 2.0.** Anyways, here's the DD, cool company. Be forewarned I'm a novice and this is should not be taken as direct financial advise. + +>We are a technology company engaged in the design, development and commercialization of sensor systems for the automotive industry. Through our wholly owned subsidiaries, Foresight Automotive and Eye-Net Mobile, we develop both “in-line-of-sight” vision systems and “beyond-line-of-site” cellular-based applications. Foresight Automotive’s vision sensor is a four-camera system based on 3D video analysis, advanced algorithms for image processing and sensor fusion. Eye-Net Mobile’s cellular-based application is a V2X (vehicle-to-everything) accident prevention solution based on real-time spatial analysis of clients’ movement. + +[In the Forbes article](https://www.forbes.com/sites/carrierubinstein/2020/06/19/from-autonomous-vehicles-to-covid-detection-how-can-a-safety-driving-system-detect-virus-symptoms/#3d57e92970c0) and as noted above, the company is using multiple cameras which allows them 3D type vision, something I'm not sure if the competitors have? Noted in the Forbes article was their ability to track and analyze 6 symptoms of Covid, and Im curious if this plays a part. What those symptoms are is beyond me, at best I can come up with three detectable via camera, maybe something I'm missing? Either way it could be an edge up. + +>**The system is designed to detect up to six symptoms associated with the COVID-19 virus**. The touch-free system is expected to be placed in entrances or security control counters of high traffic areas such as airports, hospitals, sports stadiums, universities, shopping malls and residential complexes. The system’s cameras will scan each person going through, in order to rapidly detect symptoms. **The detection of the four main symptoms of the disease will take up to one minute, and an alert will be sent in case of a suspected infection. "The current thermal-screening solutions only detect elevated body temperature. Taking into consideration that lack of initial fever is common in COVID-19 cases," he explains, "patients with no fever may be missed if the surveillance definition focuses on fever detection only. The use of both thermal and visible light cameras allows us to detect several symptoms, in addition to elevated body temperature. This wouldn't have been possible by using thermal cameras alone."**  The system will combine the results for each detected symptom, increasing the likelihood of accurate detection. + +Beyond the Covid stuff, here's a little background on the stuff they're working on and the markets they're in along with awards and many other accolades. It also appears they've partnered with another company whom trades around 146 a share, I missed this the first time I did my DD. + +>In May 2019, we signed an exclusive distribution agreement in Japan with Cornes Technologies Limited. According to the agreement, **Cornes Technologies will have exclusive rights to promote and sell QuadSight system in Japan. Cornes Technologies is a renowned trading company that plays a significant role in establishing and developing commercial links and trade between Japan and the rest of the world**. In June 2019, we signed our **first commercial agreement with Elbit Systems Land Ltd., a subsidiary of Elbit Systems Ltd. (Nasdaq and TASE: ESLT). The commercial agreement is for exclusive marketing of Foresight’s proprietary image processing software for the defense, paramilitary and homeland security markets. Elbit, a leading defense electronics company based in Israel, intends to integrate our image processing software into its products, systems and solutions, and to market it globally.** Also, in June 2019, **we signed a technological agreement with a Chinese Tier One automotive supplier. The agreement is for a multiphase technological cooperation to develop smart mobility solutions for the Chinese automotive industry, and specifically for two Chinese OEMs. In September 2019, we signed a strategic cooperation agreement with Wuhan Guide Infrared Co. Ltd., a large Chinese corporation. Wuhan Guide Infrared develops, manufactures and markets infrared thermal imaging systems through its subsidiary, Global Sensor Technology. The agreement provides for cooperation in the integration of Wuhan Guide Infrared’s solutions with the QuadSight vision system.** +> +>The QuadSight system also gained industry recognition by winning several prestigious technology and innovation awards: +> +>● 2019 CES Innovation Awards Honoree in the Vehicle Intelligence and Self-driving Technology category; +> +>● 2019 Edison Awards Gold winner in the Autonomous Vehicle category; and +> +>● 2020 BIG Innovation Awards winner, presented by the Business Intelligence Group. + +Obviously this means nothing to most of you, but the fact that they're attracted to defense and heavy equipment could mean big things irregardless of this. This whole Covid thing could fast track their tech and give them real world feedback, it would be win win for them, and obviously for us. Lets get to the numbers. They've got a good balance sheet + +* 4.8m cash or cash equivalents +* 19m total assets +* 2.04m current liabilites +* 3.04 total liabilities +* 15m op loss/y +* 51.7m shares outstanding +* 21.5m float + +Chart - [https://stockcharts.com/c-sc/sc?s=FRSX&p=D&b=5&g=0&i=0&r=1592875407933](https://stockcharts.com/c-sc/sc?s=FRSX&p=D&b=5&g=0&i=0&r=1592875407933) + +Finviz - [https://finviz.com/quote.ashx?t=FRSX](https://finviz.com/quote.ashx?t=FRSX) + +SWs - [https://simplywall.st/stocks/us/automobiles/nasdaq-frsx/foresight-autonomous-holdings](https://simplywall.st/stocks/us/automobiles/nasdaq-frsx/foresight-autonomous-holdings) + +**Risk** \- Standard stuff, product could suck and they could fail to secure financing, bag holders + +1. **We have financed our operations to date primarily through proceeds from sales of our Ordinary Shares and ADSs and warrants. We have incurred losses and generated negative cash flows from operations since January 2011. Since January 2011, we have not generated any revenue from the sale of products, and we do not expect to generate revenues from sale of our products in the next few years**. +2. Warrants/shares - The company looks to offer shares and warrants like candy but from what it looks like, MOST of them should have already been exercised. [See here](https://i.imgur.com/2QJ7aAR.png). I'm unfortunately running out of time so I cannot look in depth into the warrants and convertible notes, plus that stuff all gets pretty heavy and is not an area im vastly familiar with. Someone else wants to check it out, control F warrants/notes/shares out [https://www.bamsec.com/filing/121390020008245?cik=1691221](https://www.bamsec.com/filing/121390020008245?cik=1691221) +3. Bag Holders - This stock has pumped and popped pretty large recently. Remember people will be bag holding and looking to get out of their positions at minimal loss, or even in the green. Expect people taking profit all the way up. + +**The END**. The company recently had an offering. Stocks have been rallying off stuff like that, as it lessens the very first risk I highlighted above, money. The company has a good balance sheet (Numbers pulled from 2019 20-F) so any extra money they generate is a bonus. Hype is picking up and they created a new twitter, if we get PR or tweets, with this low float, it could literally go to the moon. For reference, IDEX had/has a float 6x larger. How float works, [see here](https://www.investopedia.com/terms/f/floating-stock.asp). I browsed stocktwits before typing this up and someone had a screenshot where it was claimed FRSX was on NBC nightly news. Anyone able to confirm? I know most of you wont read this because no rocket emojis, but this is the type of DD I like to do on a company I'm holding over night. That said If you don't care, hop on because the hype is here. Look at the past pops, we should be in the clear to at least 2 dollars. Good luck, lets get this bad boy to the moon! + +Edit; I just found this, which does confirm they can detect cough, fatigue AND fever. The 3d System they use seems like it has advantages, and I also forgot its not energy emitting (search the 10k) and such will not interfere with other nearby systems (IT/Cameras/Radios/etc) - Good for stadiums/casinos/concerts etc, and as pointed out in the comments they've regained compliance and are not at risk of being delisted currently. + +>Based on the Company’s extensive knowledge using FLIR thermal cameras, artificial intelligence (AI) and advanced algorithms, the system is designed to rapidly and accurately detect some of the main symptoms associated with the COVID-19 virus. Foresight’s expertise in automotive vision systems and advanced algorithms will be applied to detect symptoms of COVID-19 including cough and signs of fatigue, in addition to high body temperature, thus increasing the likelihood of accurate detection and potentially eliminating false positive results. These symptoms can be identified by using the Company’s intellectual property that combines both visible-light and thermal cameras. + +&#x200B; +Hey all! First time posting on this subreddit, long time lurker. As the title suggests in the past my family sued for medical malpractice that I unfortunately was a victim to when I was 4 years old. I am now 23 and have spent countless hours researching and discovering what FIRE and really what fatFIRE could provide for my life. + +Whats truly fascinating upon finding out what came out of this lawsuit was that my parents decided not to take any of the money back in 2001 and instead set up a trust fund sort of deal where I get paid out for the next coming years. + +The payout goes as follows$30,000 every year from 2015-2019 (5 years) $150,000 + +$2000 every month from 2020-2070 (50 years) $1,200,000 + +$50,000 in 2022 + +$170,600 in 2027 + +$500,000 in 2032 + +Grand total of $2,070,600‬, all of it untaxed thanks to whatever deal my parents worked out. + +I realize that some of these will be worth less because of inflation as the years go by but still its a huge advantage. I did use the majority of the $150,000 for college for myself and my 2 other siblings. We are all graduating essentially debt free, in STEM fields, thanks to this. + +I recently graduated from college and have been working and currently make $60,000 with about $7,000-$10,000 in bonus a year. Current career path consists of an average of $10k raises every year. (We'll see now thanks to Covid) With bonus I will cross $100,000 in about 3 years. At 30 I see myself making at least $130,000. I'm also working on side hustles and building passive income sources and hope to be making about an extra $2k a month in about 2 years. + +I'm not looking to live an extravagant lifestyle, currently I'm living off of about $3k a month and thats with eating out, travel, etc. But I see fatFIRE as the only way to retire as I want to provide for my family, my parents, and being ABLE to take really nice vacations or buy myself nice things. + +Currently I have $3000 in credit card debt (0% interest until late August) that I can pay off but with Covid I'm holding onto cash until things stabilize or until it gets past August. I'm currently saving $1200 a month and when I start getting the $2k a month I'll be saving $3200. Don't see myself going through lifestyle inflation so every extra dollar I'll be saving away. I've attached a screen shot of my theoretical plan, earliest I would retire is 40, but really plan on 45. If I love my job (currently I do, great coworkers, decent work, great company/culture) at that age I'll continue to work and just take nice vacations with my family every 3 months since my company offers 160 hours of PTO a year. + +Thank you for reading this far, my main concern and for posting on here is am I missing something. Is there some underlying factor I'm not seeing? I wanted a fresh set of eyes on my plan and see if there are any holes I'm missing. I come from a humble upbringing, parents are immigrants and don't make much. They struggled a lot to get us to where we are today and I want to honor and do right by their sacrifices. If I missed anything or something doesn't make sense please let me know and I'll elaborate, thank you all! + +Edit: Main goal is shooting for a 3 million NW w/ a 4% withdrawal rate of $120,00 a year (REALLY don't see myself using all of it but I like the sound of $10k a month :D) in the image below I also assumed a 6% real return since I've seen posts that assume 8-10% before inflation. I've also added the imagined dividends to the "total" column on the right which is the "starting balance" on the left. I know this doesn't fully cover inflation but it's my best attempt! + +Also using this as my baseline for fatFIRE + +[https://www.theretirementmanifesto.com/wp-content/uploads/2018/11/Leanvsfatfire.png](https://www.theretirementmanifesto.com/wp-content/uploads/2018/11/Leanvsfatfire.png) + +[https://imgur.com/eGq3G3i](https://imgur.com/eGq3G3i) +My husband passed away very suddenly last month. He owned a successful business that is worth $15-20 million based on his own net worth statement from last year. My estate attorneys just gave me their fee proposal: .75% of the gross estate for estate work, plus 1% of the estate to help me sell the business. That’s $350K for a $20 million estate, in addition to CPA & broker fees. That seems really high for just the legal fees. Is that normal? +Background: +26M +130k income +NW ~1.6M: 1.4M index funds, 150k retirement, remainder other brokerage/cash. +No other debt. + +There’s about 500-600k in capital gains baked in there that I’d like to avoid realizing. +Looking at using a PAL for the down payment on a condo or home for around 550-750k at 20% down w/ 30 year fixed on the remaining balance. Planning to use dividends/distributions for funds to pay down the PAL over a couple years. Does this seem like a reasonable idea? +Throwaway account. At $6m investable, what are the attributes of a good wealth advisor? + +Already have good access to private / alt opportunities in real estate, PE, and seed / VC. + +Are the firms which are helpful in evaluating these opportunities? For equity investing is favor VTI or similar. + +Thanks in advance +Looking at charts it appears Americans are now around 2008 levels of consumer debt, mortgage debt the highest in history. Folks have spent their wonderful home equity increases on vacations and shiny new depreciating liabilities. Wages of course have not kept pace with the rising cost of things. Cost of consumer goods is still sky high, fuel is still high, inflation still high. For the economy to keep growing there needs to be consumer spending. I don't think people realize how closely related excessive debt spending is to a quickly growing economy. where does the money come from to prop up the average working American. Home values have leveled and in some areas beginning to drop. There won't be any more stimulus from the fed, consumer credit is all spent and maxed out, companies are beginning to trim staff. Can anyone provide a compelling reason how the bull has more to go? + +Hmm like i said... + https://www.cnbc.com/2022/08/26/powell-warns-of-some-pain-ahead-as-fed-fights-to-lower-inflation.html +So I have a bachelors in comp sci and would like to do a masters in games development it costs 11k and I’d have to take the pgl, I want to do a masters since I don’t know much about games development and erm id like to live the uni lifestyle for one more year to make some friends would a masters be worth it Financially? + +https://www.gov.uk/masters-loan +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. +As a woman who is 36 with 3 children I have always had a dream to own my own house. Unfortunately, due to life circumstances I have always lived paycheck to paycheck and was also homeless 3 times. Finally, I was able to use some extra money and put it towards AMC which I saw as a good opportunity in February. I am holding on with all the fellow apes And fastening my seatbelt for this rocket ride!!! Whatever it may be I know it's gonna be big and I know I'm gonna finally be able to fulfil my dream. It might not be the whole amount but trust me I'm gonna put a good amount towards my future house for my 3 kids. Ain't no hedgie gonna take away my shares and holding onto them bitches so you should too!! #apestrong #thewarison #mydreammyfight +Throwaway because of privacy. + +My dad has £40k in a current account and has already retired. The income from his pension and my mum's salary can cover my parents day to day expenditure. + +He does not have any immediate need for the money but he has mentioned that he wants to renovate the kitchen sometime in the future, he estimates that this will cost £25k. + +What is the best thing to do with a large sum at this stage? +# Welcome to the /r/Bitcoin Sticky FAQ + +You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. + +It all started with the release of **[Satoshi Nakamoto's whitepaper](https://bitcoin.org/bitcoin.pdf)** however that will probably go over the head of most readers so we recommend the following articles/books/videos as a good starting point for understanding how bitcoin works and a little about its long term potential: + +* [Article: The Bullish Case for Bitcoin](https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1) +* [Book: The Bitcoin Standard](https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861) +* [Video 1: The Stories We Tell About Money - Andreas Antonopoulos](https://youtu.be/ONvg9SbauMg?t=1) +* [Video 2: The Bitcoin Standard - Saifdean Ammous](https://www.youtube.com/watch?v=Zbm772vF-5M&t=272s) +* [Video 3: Bitcoin 101 - Balaji Srinivasan](https://youtu.be/JIxwTx7o_B4?t=1) +* [Video 4: Bitcoin Macro Strategy - Michael Saylor & Ross Stevens](https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit/sessions/bitcoin-macro-strategy?CID=7014W0000014yhJQAQ) +* [Video 5: Bitcoin S2FX, S2F and Evolution From Collectible to Financial Asset - Stephan Livera, PlanB & Saifdean Ammous](https://youtu.be/j2cP8k_QUaw?t=1) + +Some other great resources include Michael Saylor's [Hope.com](https://hope.com/) and ["Bitcoin for Everybody"'](https://learn.saylor.org/course/view.php?id=468) course, Jameson Lopp's [resource page](http://lopp.net/bitcoin.html), Gigi's [resource page](https://bitcoin-resources.com/#bitcoin-non-technical), and James D'Angelo's [Bitcoin 101 Blackboard series](https://www.youtube.com/watch?v=Bhe61JaNFLU&list=PLzctEq7iZD-7-DgJM604zsndMapn9ff6q&index=7&t=0s). Some excellent writing on Bitcoin's value proposition and future can be found at the [Satoshi Nakamoto Institute](http://nakamotoinstitute.org/mempool/). + +If you are technically or academically inclined check out [developer resources](https://developer.bitcoin.org/) and peer-reviewed [research papers](https://docs.google.com/spreadsheets/d/1VaWhbAj7hWNdiE73P-W-wrl5a0WNgzjofmZXe0Rh5sg), course lectures from both [MIT](https://ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/video-lectures/) and [Princeton](https://www.reddit.com/r/Bitcoin/comments/7qynvj/dont_panic_just_learn_sixty_free_lectures_from/) as well as future [protocol improvements](http://diyhpl.us/wiki/transcripts/2018-01-24-rusty-russell-future-bitcoin-tech-directions/) and [scaling resources](https://www.reddit.com/r/Bitcoin/comments/56nnd8/the_scaling_bitcoin_website_is_awesome_videos/). Some Bitcoin statistics can be found [here](https://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&r=week&t=a), [here](https://bitcoinvisuals.com/) and [here](https://bitcoin.clarkmoody.com/dashboard/). MicroStrategy's [Bitcoin for Corporations](https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit?CID=7014W0000014yhJQAQ) is an excellent open source series on corporate legal and financial bitcoin integration. + +You can also see the number of times Bitcoin was [declared dead by the media](https://99bitcoins.com/obituary-stats) (LOL) and [what you could have earned](https://dontbuybitcointheysaid.com/) if you didn't listen to them! XD + +## Key properties of Bitcoin + +* **Limited Supply** - There will only ever be 21,000,000 bitcoin created and they are issued in a predictable fashion per the [inflation schedule](https://bashco.github.io/Bitcoin_Monetary_Inflation/). Once they are all issued Bitcoin will be truly deflationary. The [halving countdown](http://bitcoinblockhalf.com/) tells you how much time until the next drop in block rewards. +* **Open source** - Bitcoin code is fully auditable. You can read and contribute to the [source code](https://github.com/bitcoin/bitcoin) yourself. +* **Accountable** - The public ledger is transparent, all transactions are [seen by everyone](https://blockstream.info/). +* **Decentralized** - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how [Bittorrent](https://en.wikipedia.org/wiki/BitTorrent) works. You can even [run a node on a Raspberry Pi](https://getumbrel.com/). +* **Censorship resistant** - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see [Operation Chokepoint](https://en.wikipedia.org/wiki/Operation_Choke_Point). +* **Push system** - There are [no chargebacks](https://gendal.me/2013/10/21/lessons-from-bitcoin-push-versus-pull/) in bitcoin because only the person who owns the address where the bitcoin resides has the authority to move them. +* **Low fee scaling** - Most wallets calculate on chain fees automatically but you can view [fee estimates](https://bitcoinfees.earn.com/) and [mempool activity](https://jochen-hoenicke.de/queue/#0,2w) if you want to set your fee manually. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the [Lightning Network](https://www.reddit.com/r/Bitcoin/comments/7pwna9/lightning_network_megathread/), a second layer scaling solution currently rolling out on the Bitcoin mainnet. +* **Borderless** - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is [globally distributed](https://bitnodes.earn.com/). +* **Trustless** - Bitcoin solved the [Byzantine's Generals Problem](https://en.wikipedia.org/wiki/Byzantine_fault_tolerance) which means nobody needs to trust anybody for it to work. +* **Pseudonymous** - No need to [expose personal information](http://bitcoinsimplified.org/learn-more/anonymity/) when purchasing with cash or transacting. +* **Secure** - Blocks and transactions are cryptographically secured (using hashes and signatures) and can’t be [brute forced](http://i.imgur.com/fYFBsqp.jpg) or confiscated with proper key management such as hardware wallets. +* **Programmable** - Individual units of bitcoin can be [programmed to transfer](https://en.bitcoin.it/wiki/Script) based on certain criteria being met +* **Nearly instant** - From a few seconds on the lightning network to a [few minutes](https://www.blockchain.com/charts/median-confirmation-time) on-chain depending on need for confirmations. Transactions are irreversible by normal users after one confirmation and irreversible by anyone (including miners) after 6 confirmations. +* **Peer-to-peer** - No intermediaries taking a cut, no need for [trusted third parties](https://nakamotoinstitute.org/trusted-third-parties/). +* **Portable** - Bitcoin are digital so they are easier to move than cash or gold. They can be transported by simply carrying a seed (a string of 12 to 24 words) on a device or by [memorizing it for wallet recovery](https://en.bitcoin.it/wiki/Brainwallet) (while cool, memorizing is generally not recommended due to potential for forgetting the seed and the potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for most users for their ease of use and additional security). +* **Scalable** - While the protocol is still being optimized for [increased transaction capacity](https://en.bitcoin.it/wiki/Scalability), blockchains do not scale very well, so most transaction volume is expected to occur on Layer 2 networks built on top of Bitcoin. +* **Divisible** - Each bitcoin can be [divided down to 8 decimals](https://en.bitcoin.it/wiki/Satoshi_(unit\)), which means you don't have to worry about buying an entire bitcoin. +* **Designed Money** - Bitcoin was created to fit all the [fundamental properties of money](http://i.imgur.com/wkTyyaV.png) better than gold or fiat + +## Where can I buy bitcoin? + +[Bitcoin.org](https://bitcoin.org/en/buy) and [BuyBitcoinWorldwide.com](https://www.buybitcoinworldwide.com/) are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the [bitcoinity exchange resources](https://data.bitcoinity.org/markets/exchanges/USD/30d) for a larger list of options for purchases. + +* [Strike](https://strike.me/) +* [Cash app](https://cash.app/) +* [Gemini](https://gemini.com/) +* [Swan](https://www.swanbitcoin.com/) +* [River Financial](https://river.com/) +* [Bitstamp](https://www.bitstamp.net/) +* [BitFinex](https://www.bitfinex.com/) +* [Xapo](https://xapo.com/) +* [Kraken](https://www.kraken.com/) +* [Cex](https://cex.io/) +* [LocalBitcoins](https://localbitcoins.com/) +* [LibertyX](https://libertyx.com/) +* [P2P exchange list](https://github.com/cointastical/P2P-Trading-Exchanges/) (decentralized) +* [CoinCorner](https://www.coincorner.com/) + +You can also purchase in cash with [local ATMs](http://coinatmradar.com/). Services such as [CardCoins](https://www.cardcoins.co/) let you purchase bitcoin with prepaid gift cards. If you would like your paycheck automatically converted to bitcoin use [Bitwage](https://www.bitwage.com/). + +**Note:** Bitcoin are valued at whatever [market price](https://cryptowat.ch/bitstamp/btcusd) people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. + +## Securing your bitcoin + +With bitcoin you can **"Be your own bank"** and personally secure your bitcoin **OR** you can use third party companies aka **"Bitcoin banks"** which will hold the bitcoin for you. + +* If you prefer to **"Be your own bank"** and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the [Trezor](https://www.trezor.io/), [Ledger](https://www.ledgerwallet.com/) or [ColdCard](https://coldcardwallet.com/) is recommended. + +* If you cannot afford a hardware wallet there are many [software wallet](https://bitcoin.org/en/choose-your-wallet) options to choose from depending on your use case. Mobile wallets like [BlueWallet](https://bluewallet.io/) are generally more secure than desktop wallets. Beware of fake mobile wallets and check reviews from reputable Bitcoin websites. Avoid paper wallets or brain wallets. + +* If you prefer to let third party **"Bitcoin banks"** manage your coins, try [Gemini](https://gemini.com/) or [Unchained Capital](https://unchained-capital.com/) but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk. There is a saying in the community, **"Not your keys, not your coins"** meaning if you don't store your coins in a wallet that you control the keys to then you do not really own your bitcoin as you have to ask permission from the third party in order to move them. + +**Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!** + +2FA requires a second confirmation code or a physical security key to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes. + +**Avoid using your cell number for 2FA.** Hackers have been using a technique called "SIM swapping" to impersonate users and steal bitcoin off exchanges. + +Google Auth | Authy | OTP Auth | andOTP +--------------|--------|------------|-------- +[Android](https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2) | [Android](https://play.google.com/store/apps/details?id=com.authy.authy&hl=en) | N/A | [Android](https://play.google.com/store/apps/details?id=org.shadowice.flocke.andotp) +[iOS](https://itunes.apple.com/us/app/google-authenticator/id388497605?mt=8) | [iOS](https://itunes.apple.com/us/app/authy/id494168017) | [iOS](https://apps.apple.com/us/app/otp-auth/id659877384) | N/A + +Physical security keys (FIDO U2F) offer stronger security than Google Auth / Authy and other TOTP-based apps, because the secret code never leaves the device and it uses bi-directional authentication so it prevents phishing. If you lose the device though, you could lose access to your account, so always use 2 or more security keys with a given account so you have backups. See [Yubikey](https://yubikey.com/) or [Titan](https://cloud.google.com/titan-security-key) to purchase security keys. + +Both Coinbase and Gemini support physical security keys. + + +## Watch out for scams + +As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the r / btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. As they say in our community, **"Don't trust, verify"**. + +* Avoid using ad-based search engines like Google or Yahoo: ads are shown based on how much the advertiser bids, and scammers can easily outbid legitimate providers for ad space, since immoral ways of earning money are far more lucrative than moral ways. Use [DuckDuckGo](https://duckduckgo.com/) instead, which has no ads, and never tracks you as well. +* Ignore private messages offering services. +* **Never enter your seed words in a website of any kind.** Hardware wallets will recover by displaying possible seed words on their own interface, never on a website. +* **Always check addresses on your hardware wallet before sending or receiving.** Some malware has been known to replace addresses in your web browser or that you copy-and-paste. +* Avoid clicking on links like that look like links, such as [https://www.google.com/](https://www.youtube.com/watch?v=8ybW48rKBME), without first hovering over it and actually checking where they go to. Just because a link is labelled with an HTTPS address does not mean it actually sends you to that address. It is trivial for someone to comment a link on Reddit that looks like it will send you to one website when it actually sends you to another, and you might not notice the difference until a scammer has gotten all your money, or you have downloaded and installed software that steals your money. + +## Common Bitcoin Myths +Often the same concerns arise about Bitcoin from newcomers. Questions such as: + +* Is Bitcoin a Ponzi scheme? +* Will governments ban Bitcoin? +* Will quantum computers break Bitcoin? + +All of these questions have been answered many times by a variety of people. Here are some resources where you can see if your concern has been answered: + +* [Common Bitcoin Myths](https://en.bitcoin.it/wiki/Myths) +* [Gradually, Then Suddenly](https://nakamotoinstitute.org/mempool/series/gradually-then-suddenly/) +* [Every Reason Bitcoin Will Not Fail](https://safehodl.github.io/failure/) +* [End the FUD](https://endthefud.org/) + +## Where can I spend bitcoin? + +Check out [spendabit](https://spendabit.co/), [bitcoin directory](http://bitcoin.directory/shop) or [Coinmap](http://coinmap.org/) for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the [CashApp card](https://cash.app/help/us/en-us/3080-cash-card-get-started) or [Fold card](https://foldapp.com/). Some other useful site are listed below. + +Store | Product +---|--- +[Bitrefill](https://bitrefill.com), [Gyft](http://www.gyft.com/) | Gift cards for thousands of retailers worldwide including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc. +[Spendabit](https://spendabit.co/), [Overstock](http://www.overstock.com/) and [The Bitcoin Directory](http://bitcoin.directory/) | Retail shopping with millions of results +[NewEgg](http://www.newegg.com/) and [Dell](http://www.dell.com/) | For all your electronics needs +[Piixpay](https://piixpay.com), [Bitbill.eu](https://bitbill.eu), [Bylls](https://bylls.com), [Coins.ph](https://coins.ph), [LivingRoomofSatoshi](https://www.livingroomofsatoshi.com), [Coinsfer](https://coinsfer.com/), and [more](https://plusbitcoin.net/bitcoin-debit-card/) | Bill payment +[Menufy](https://www.menufy.com/) and [Takeaway](http://corporate.takeaway.com/) | Takeout delivered to your door +[Expedia](http://www.expedia.com/), [Cheapair](http://www.cheapair.com/), [Destinia](http://destinia.us/), [Abitsky](http://www.abitsky.com/), [SkyTours](http://www.sky-tours.com/), the [Travel](https://www.gyft.com/buy-gift-cards/category/travel/) category on Gyft and [9flats](http://www.9flats.com/) | For when you need to get away +[Cryptostorm](https://cryptostorm.is), [Mullvad](https://mullvad.net), and [PIA](https://www.privateinternetaccess.com/) | VPN services +[Namecheap](https://www.namecheap.com/), [Porkbun](https://porkbun.com/) | Domain name registration +[Stampnik](https://stampnik.com) | Discounted USPS Priority, Express, First-Class mail postage + +There are also [lots of charities](https://www.reddit.com/r/changetip/wiki/suggestions) which accept bitcoin donations. + +## Merchant Resources + +There are several benefits to accepting bitcoin as a payment option if you are a merchant; + +* 1-3% savings over credit cards or PayPal. +* No chargebacks (final settlement in 10 minutes as opposed to 3+ months). +* Accept business from a global customer base. +* Increased privacy. +* Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it. + +If you are interested in accepting bitcoin as a payment method, there are several options available; + +* [BTCPay](https://btcpayserver.org/) +* [Square cash](https://cash.me/) +* [Stripe](https://stripe.com/bitcoin) +* [Wyre](https://www.sendwyre.com/business/) +* [Blockonomics](https://www.blockonomics.co/merchants#) (direct to your wallet) +* [CoinCorner Checkout](https://www.coincorner.com/checkout) + +## Can I mine bitcoin? + +Mining bitcoin can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to [folding at home](https://foldingathome.org/?lng=en). If you want to learn more about mining you can read the [mining FAQ](https://en.bitcoin.it/wiki/Faq#Mining). Still have mining questions? The crew at /r/BitcoinMining would be happy to help you out. + +If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can [run a full node](https://getumbrel.com/). You can view the [global node distribution](https://getaddr.bitnodes.io/) for a visual representation of the node network. + +## Earning bitcoin + +Just like any other form of money, you can also earn bitcoin by being paid to do a job. + +Site | Description +---|--- +[WorkingForBitcoins](https://workingforbitcoins.com), [Bitwage](https://www.bitwage.com/for-individuals/), [Cryptogrind](http://www.cryptogrind.com/#!/), [Coinality](https://coinality.com/), [Bitgigs](http://bitgigs.com/), [/r/Jobs4Bitcoins](http://www.reddit.com/r/Jobs4Bitcoins), [BitforTip](http://www.bitfortip.com/), [Rein Project](http://reinproject.org/) | Freelancing +[Lolli](https://www.lolli.com/) | Earn bitcoin when you shop online! +[OpenBazaar](https://openbazaar.org/), [Purse.io](https://purse.io/shop), [Bitify](https://bitify.com/), [/r/Bitmarket](http://www.reddit.com/r/BitMarket) | Marketplaces +[/r/GirlsGoneBitcoin](http://www.reddit.com/r/GirlsGoneBitcoin) NSFW | Adult services +[A-ads](https://a-ads.com/), [Coinzilla.io](https://coinzilla.io/) | Advertising + +You can also earn bitcoin by participating as a market maker on [JoinMarket](https://github.com/chris-belcher/joinmarket) by allowing users to perform CoinJoin transactions with your bitcoin for a small fee (requires you to already have some bitcoin). + +## Bitcoin-Related Projects + +The following is a **short** list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space. + +Project | Description +---|--- +[Lightning Network](https://lightning.engineering/index.html)| Second layer scaling +[Liquid](https://blockstream.com/liquid/), [Rootstock](https://www.rsk.co/) and [Drivechain](http://www.truthcoin.info/blog/drivechain/) | Sidechains +[Hivemind](http://bitcoinhivemind.com) | Prediction markets +[Tierion](https://tierion.com) and [Factom](http://factom.org/) | Records & Titles on the blockchain +[BitMarkets](https://voluntary.net/bitmarkets/), [DropZone](https://github.com/17Q4MX2hmktmpuUKHFuoRmS5MfB5XPbhod/dropzone), [Beaver](https://eprint.iacr.org/2016/464.pdf) and [Open Bazaar](https://openbazaar.org/) | Decentralized markets +[JoinMarket](https://github.com/chris-belcher/joinmarket) and [Wasabi Wallet](https://github.com/zkSNACKs/WalletWasabi) | CoinJoin implementation +[Decentralized exhanges](https://github.com/cointastical/P2P-Trading-Exchanges/) | Decentralized bitcoin exchanges +[Keybase](https://keybase.io/) | Identity & Reputation management +[Abra](https://www.goabra.com/) | Global P2P money transmitter network +[Bitcore](http://bitcore.io/) | Open source Bitcoin javascript library + +## Bitcoin Units + +One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below: + +Unit | Symbol | Value | Info +---|:---:|---|--- +bitcoin | BTC | 1 bitcoin | one bitcoin is equal to 100 million satoshis +millibitcoin | mBTC | 1,000 per bitcoin | used as default unit in recent Electrum wallet releases +bit | bit | 1,000,000 per bitcoin | colloquial "slang" term for microbitcoin (μBTC) +satoshi | sat | 100,000,000 per bitcoin | smallest unit in bitcoin, named after the inventor + +For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal: + +* 0.001 BTC +* 1 mBTC +* 1,000 bits +* 100k sats + +For more information check out the [Bitcoin units wiki](https://www.reddit.com/r/BitcoinWiki/wiki/bitcoin_units). + +--- + +**Still have questions?** Feel free to ask in the comments below or stick around for our weekly [Mentor Monday](https://www.reddit.com/r/Bitcoin/search/?q=title%3A%22mentor+monday%22&sort=new&restrict_sr=on&t=all) thread. If you decide to post a question in /r/Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. + +**Note:** This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can [edit it here](https://www.reddit.com/r/BitcoinWiki/wiki/rbitcoin_sticky) and it will be included in the next revision pending approval. + +**Welcome to the Bitcoin community and the new decentralized economy!** +Hey everyone, I use a wealth management company to take care of the stocks and shares ISA I have with them. Every month I invest £250, minus their fees and I've been doing this for a couple of years. Additionally, I will throw in a more significant sum of money if I have it available, the last time I did this it was around £10k (again, minus their fees). + +I'm just looking at how it's performing, and I can see from the \~£16k that I've invested so far, the current value is only \~£14k, so clearly it's not been a good year for them and the decisions they've made. + +I understood when starting this that it's playing a long game, but I was recently looking at taking the money out to use as a deposit on a house (I didn't in the end) but that would have left the account more or less empty with a now negative equity of £2,000 and little chance of getting that back. + +So I'm kind of stuck with it, right, until they can up their game and recoup my losses? + +I was wondering what others are doing with stocks and shares. Do you manage it yourself or rely on others? What should I do? + +I've requested a chat with one of their team to try and understand what's going on. + +&#x200B; + +**Edit:** Thanks for all the replies. I just tried to go through them all and respond, but there's a lot! What I have done is cancel my monthly contributions to the ISA for now, and I'm looking at finding a new place to put my £250 a month contribution for now. +Additionally to waiving all overdraft fees and interest charges incurred in March and April. + +"We are committed to ensuring no TSB customer is left out of pocket because of these issues. We will put in place a process which is as simple as possible to ensure customers are compensated appropriately and we will work with customers to correct adverse impacts on their credit files. + +If you have been affected we’d encourage you to fill out the complaint form on tsb.co.uk and let us know what has happened so we can put things right as soon as possible." + +Source: email to customers. +**Description** + +Square (SQ) is a payment processor which caters to small businesses. At $88.00 we think SQ has 65% downside to fair value of $36.00. The basic premise of the short thesis is: + + + +FDC is the industry giant with close to 40% market share, over the past 18 months they have put a ton of resources behind their Clover product which is aimed directly at SQ, it is currently growing 50% and is on pace to be a larger business than SQ by 2020. Additionally, they have finally gotten their act together with digital customer onboarding (SQ’s primary early competitive edge) and will launch the capabilities through their massive distribution channel starting in the 2H 2018. Odds are slim that this will not impact SQ competitively and slow their growth rate. + +SQ’s core payment processing business growth has in fact already slowed and accelerating top line growth is being driven by more cyclical and risky businesses such as short term working capital loans (Instant Deposit) and lending origination (Square Capital). + +As a point of reference, Square does not control underwriting for their Square Capital product, if banks decided to stop lending to their micro merchants and originations dried up it would take EBIT down by about 35%. + +SQ’s customers are by far the most exposed to any kind of economic downturn, close to 60% do less than $125k in volume every year and close to 85% do less than $500k. + +Given the above points SQ’s valuation is absurd. It trades at close to 20x sales and 68x EBITDA. This is even more disgusting given that of the $245M of EBITDA the street is expecting this year about $215M will be stock comp which everyone is happy to back out (the share count was 360m in 2016 and it will end this year at 480m). + +Our fair value target is 30x our 2020 eps estimate of $1.20. Our estimates assume continued strong growth in both processing and services with steady economic growth, should a recession occur there would be significant downside to our estimates/target. + + **First Data** + + As mentioned above, FDC is the 800lb gorilla in the industry. We think SQ has been a benefactor of the issues FDC has been having in their bank JV channel for the past 18 months or so stemming mostly from WFC’s branch commission scandal. The JV channel was always a crown jewel for FDC because anyone who walked into a major bank to apply for a small business loan would have the processing relationship jammed in their face upon closing the deal. Starting in Q4 of 2017 the leads generated from this channel flattened out after declining by roughly 20% and it feels like the bottom has been reached, as the banks start generating more leads its reasonable to assume some portion would be at SQ’s expense. + +SQ’s early competitive edge was digital onboarding. It takes 10 minutes and can be done without assistance. Expenses are lower and the customer doesn’t have to deal with greasy salespeople. Until now FDC had been way behind the curve but starting in the 2H of this year they will roll it out across all channels. This is particularly important in the JV channel given their bank partners have a combined 6m small business accounts. + +At current run rate SQ will do about $80B in GPV for 2018 its growth rate will be around 30%. Over the same time period FDC’s Clover will do $60B in GPV and growth 50% or so. Clover is a direct competitor to SQ and industry chatter on the platform is increasingly positive. We think that if nothing else this shows that SQ does not have a “moat” and the payments processing industry is mature and quite competitive. SQ’s valuation suggests it’s business model is unique and difficult to replicate, Clover’s success and growth indicates the opposite. + + + +**Square Capital and Instant Deposit** + + Another reason SQ gets such a fancy multiple is because investors are excited about the accelerating revenue growth rate driven by the “Subscription and Services-Based” segment. This accounts for 33% of the total business and grew 98% y/y in Q1. About 65% of this segment is Square Capital and Instant Deposit and the remaining 35% other odds and ends with the largest chunk being their restaurant delivery service Caviar. While the growth is both real and impressive we don’t think investors are baking in the cyclical risks of the lending businesses. + +The risks to Square Capital are pretty obvious. Banks originate the loans and SQ takes 8-15% off the top. No originations = no revenue and its basically pure profit. We believe this will be $70m in revs/EBIT this year. + +Instant Deposit has been the major growth engine for the past 12 months. In 2016 it didn’t exist and this year it will likely be a $180M business. Merchants get charged a 1% for instant settlement of funds versus the standard T+3. + +First of all this is very expensive, PYPL does it for a $0.25 flat fee and larger banks do it for free. So why does SQ get this? Our guess would be that nobody else wants to extend credit to these merchants. + +SQ claims the risk is minimal because payments are taken directly out of the merchant’s gross receipts, however, there is nothing to stop them from abandoning their terminal if business gets tough. The company has always said a lot of their customers didn’t take cards before signing up, so there isn’t a lot stopping them from going back to cash. This will be about $190m of revs this year with high contribution margins. + + + +**Valuation** + + +On a day to day basis SQ seems to want to trade with the FANG complex and it wears a valuation to match that characterization trading at close to 20x sales. Our issue is that there is nothing recurring about the business model, attrition is close to 20% annually, and their customers will be the first to fold in a downturn. We think its true comps are FDC/WP/GPN which trade at between 12-19x forward earnings. SQ deserves a premium due to its growth rate so we think 30x 2020 eps is reasonable. + + I do not hold a position with the issuer such as employment, directorship, or consultancy. +I and/or others I advise hold a material investment in the issuer's securities. + +**Catalyst** + +core revenue growth continues to slow + +investors catch on to the nature of Instant Deposit/Square Capital's cyclicality + +the FANG complex comes back down to earth +They only interviewed people who 🧻👐, were against the stock, or were affected by the shift to e-commerce. They DID NOT interview anyone who is 💎🙌 it, leading to a skewed bearish narrative. +The fact they they were able to capture so many sides of the story butt ignore the side of me and my fellow 💎🙌🦍 that are still hodling is just 💩 +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Edit: Ignore the FUD and DRS +This is not financial advice +If DFV gave up...this would not be happening. + +If Ryan Cohen did not buy in...this would not be happening. + +If Retail gave up after January...this would not be happening. + +If Retail did not hold through February...this would not be happening. + +If Retail did not hold through the flash crash in March...this would not be happening. + +If ***Apes*** did not keep asking questions and demanding answers...this would not be happening. + +Finally, if the ***banks*** would have covered in January and not defraud investors...this would not be happening. + +Thankful for us and the world...this ***is*** happening. + +I am holding for free and fair markets. + +**Power** the the players. **Power** to the **hold**ers. +[https://www.cnbc.com/2022/07/25/walmart-cuts-second-quarter-guidance-as-it-sees-slower-growth-due-to-inflation.html](https://www.cnbc.com/2022/07/25/walmart-cuts-second-quarter-guidance-as-it-sees-slower-growth-due-to-inflation.html) + +So Walmart just cut their Q2 guidance, sending their stock down 9% after hours. + +Now I wonder **WHY** did they already announce that today? I mean their **Q2 earning date is only August 16th** so anybody gets why they already announced that today? + +Bringing bad news in advance does't make it less worse and it seems they're taking a full hit after hours. Isn't it smarter to first let other companies bring the bad news of economy slowing down and than jump on the bandwagon and be able to say "see, we're not the only one with a bad outlook". By now front running they seem to take a big hit. Anybody gets why they announced it in advance today? +ANZ and CBA have both increased their forecast peak cash rates by 25bps: + +[ANZ](https://twitter.com/DavidPlank12/status/1585107262791524352): + +> ANZ now sees the RBA cash rate peaking at 3.85%, versus 3.6% previously, as inflation also peaks at a higher level. Expected to remain at that level for an extended period as core inflation prices persistent. + +[CBA](https://www.commbankresearch.com.au/apex/researcharticleviewv2?id=a0N4y00000lpNhn): + +> we now incorporate our risk scenario into our base case for the RBA Board meeting in December. That is, we now anticipate a further 25bp rate hike at the December Board meeting, which would take the cash rate to 3.10% on our forecast profile (we expect that to be the terminal rate). + +Bit of disagreement between the two! + +Both are well short of the 4.2% terminal rate priced by the interbank futures market - though I think that should be read as an upper bound due to the market very likely having a rate premium to compensate for risk on the longer-dated contracts. +Edit: sigh, typo in the post title, my bad. + +Trying to work out wtf happened as we just received our quarterly electricity bill. + +It's just my wife and I so only 2 people, we usually pay around $430 (we're with Red Energy in Sydney), but we just received ours for this quarter and it was over $750?! + +We can't for the life of us work out why it would be so much higher, especially when we were running heaters more in the *previous* quarter when it was colder. + +I know global energy prices have had a big spike, and there's some inflation going on and blah blah, but *this* much more expensive? + +Any other Aussies get a shock? Or just something specific to us we should try and follow up on? +Hey everyone. + +With the last few weeks with some of the peruvian\_bull's dd coming true and many other interesting events, i havent had time to post. + +You can be assured however that backups are still running strong, and they arent stopping. + +not in 2023, + +2024 + +or 2044 - if it takes that long. + +Just wanted to remind any new apes and some of the old apes, that all resources are now across 2 dashboards. + +Dashboard 1, the main and original one that you can find on the site is where all posts are saved and searchable. Page 2 of that site is the archive - all data up to aug 2022 with scores adjusted for easy searching, as well as IPFS links, [archive.is](https://archive.is) links and [archive.org](https://archive.org) links to every post. - if you see a post that is worth archiving, please submit the raw URL - that is without any of the UTM extensions to the 2 sites above. + +for example - if you want me to backup this post - [https://www.reddit.com/r/Superstonk/comments/xtuamx/another\_chance\_to\_ask\_computershare\_anything/](https://www.reddit.com/r/Superstonk/comments/xtuamx/another_chance_to_ask_computershare_anything/) \- you can strip all characters after this last "/". this is VITAL as otherwise when i go searching for the post by link, if it has some crap like [https://www.reddit.com/r/Superstonk/comments/xtuamx/another\_chance\_to\_ask\_computershare\_anything/](https://www.reddit.com/r/Superstonk/comments/xtuamx/another_chance_to_ask_computershare_anything/)=utm:iosredditapp or similar i wont be able to find it on those two sites - so i wont be able to add to my archive. + +&#x200B; + +The dashboard, aka this thing - [https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9](https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9) + +&#x200B; + +&#x200B; + +[page 1](https://preview.redd.it/42aezb1vyir91.png?width=1762&format=png&auto=webp&s=1641e5e775daa6023e7fe9b9c931da5e5fd78795) + +the ARCHIVE (check my post history) + +can be found on page 2 of the dashboard above and contains EVERYTHING up to aug 2022. + +&#x200B; + +[no need to remember this link - just remember apehistorian.com or the dashboard link above.](https://preview.redd.it/zfd31vlgzir91.png?width=1692&format=png&auto=webp&s=aae640856638ac4f68bb50d936537f93d04ed16e) + +now contains every post up to 15 minutes ago, but may take about 18 hours to reflect changes -this is due to the fact that due to electricity prices i can no longer afford to run my gear daily, and have to be quite methodical about how, when and why things spin up. if you want to read about it you can look at the UK energy crisis - its fucked. I am just going to go out and remind people they can filter by "credit suisse" and find all posts that mentioned it if they wanted to read through it by this evening probably. but rest assured its all there and its all backed up as well. + +# TLDR - life happened so I am a lot quiter now but still backing up everything. still zen. Both dashboard contain full search and full filtering capability - you can select multiple filters with the CTRL (CMD for mac) key - its best opened on desktop. if you need to search for anything its all here. [GME.FYI](https://GME.FYI) for the pretty DD archive by /u/zedinstead. a small help - if you see a post that looks good, please submit to [archive.is](https://archive.is) and [archive.org](https://archive.org) - i can then be sure that at the very least there are 4 ways to access posts - reddit, my backup ipfs link to the copy, and the two sites, should reddit and my backup copy dissapear somehow. + +stay safe out there everyone, and all international apes - a gentle NFA reminder. whether you are in france, germany or australia or anywhere else - you can always open a computershare USA account either via broker through drs or via [giveashare.com](https://giveashare.com) and use the wise (aka transferwise) app to create a usd account to buy direct in computershare. but do your research - i am simply saying its possible - what and where to buy is up to you. + +&#x200B; + +Ape historian. +I’ve been sending him screenshots for the past 6 years when bitcoin has hit a new milestone. I.e. $1,000. $2,000 $5,000 $7,500, $10,000, $15000, $20,000 and so on. I’m beginning to feel bad now. What should I do? Have I punished him enough? Or should I continue to rub it in his face? + +Edits- +I should have said that we are on very friendly terms and my motivation for sending him screenshots is simply to poke at him and try to get him back into BTC. It’s all done in a friendly way. The same way he gave me shit when I bought... + +Second Edit- +Thank you for the awards! + +Also - a little update to the story. It was all good natured fun. When I bought my first couple BTC he was sitting right next to me. He made fun of me, for sure, but I took it well and just thought to myself, you'll see. He eventually bought in around $4500 and literally just sold his last BTC around 12k - Oct 2020 timeframe. My god - he held out all this time (like me and you HOLDers) and he gave up. So my good natured screenshots are often accompanied by messages saying, "it's not too late. Get back in". +My parents own a few rental properties and my father put one in my name a few years ago to save some money because obviously I wouldn’t just take it off them. Fast forward a few years - my dad died from cancer and I’m living with my mother and I have an abusive brother who she loves. + +Living with my mother is like living with a target on my back because of my brother. He’s a drug addict and we’ve had several fights throughout the years but now it’s worse because my dad isn’t here. I want to leave asap because living here is seriously putting me down (I can’t get into detail about everything because this post would be massive). + +So the house that’s in my name has tenants in it currently and my mother is the land lord. Obviously I want to move in so unfortunately I’ll have to give them notice but I am not the land lord - my mother is. She refuses to give me any paper work saying I am robbing the house off her and I don’t know what to do next. + +And for some context before I get rinsed for wanting to move into the house that’s in my name - I made my mother 150k throughout the pandemic, and she was going to buy my mother a house because one was in my name, so I don’t know why she’s so against me having mine considering she’s going to buy him one anyway, and he won’t pay a thing (he has a history of stealing money, and he’s just an asshole) + +Thanks +We haven't had a thread on VIDT for a while, but since the last thread it’s had a huge run to $50m then retraced with the market. It’s now listed on Binance and has a big Q4 coming up. I've still yet to find a project with fundamentals as strong. I'm using a format from a useful thread a while back - I've updated it with the most recent information... + +**Token Name:** VIDT (ERC20) + +**Marketcap:** $16M + +**Supply:** Circulating 42.5M. Total 56.8M. +(But 11M are set aside for the validation pool so won't be circulated. Therefore only 7% is locked with the team and advisors, released at 20% per year. Everything else is circulating.) + +**Purpose:** V-ID is a growing Dutch company that uses blockchain technology to secure digital files against manipulation and protects companies against digital fraud. Using V-ID’s service can be done with ease through the drag-and-drop portal, or automated using APIs. + +They have 30-40 active customers including Airbus, AmSpec and Krohne. Last month 120k documents were secured using VIDT. This is real blockchain adoption. They have multiple usecases like protecting the authenticity of diplomas, measurement certificates and reports, invoices and contracts, construction reports and sensor data. + +In basic terms, a client validates a file to save a fingerprint of it to the blockchain. The file can later be verified - checked against the original. This can be done manually or automatically. If anything has changed, the system will flag it up. Can be used for files such a PDFs (invoices, contracts) but also security footage, database archives, audit trails, tracking data - even physical objects such as a Rembrandt painting. + +**Why is the token necessary:** VIDT is what makes validations possible. Each time a validation is done, a transaction with VIDT will occur, which records all necessary details to track back the filetype, validation location, timestamp and identity of the validator. VIDT token simplifies the payment of dynamic transaction fees on multiple blockchains, and provides transparency because we can track all transactions on the live Dashboard. + +**How is the token used:** Clients pay in fiat and never have to deal with tokens themselves. Some clients have never used blockchain before. Clients buy bundles of VIDT tokens which are sent to their wallet. These are then used behind the scenes as clients drag/drop files or - more usually - validate and verify files using APIs. + +**What drives value:** VIDT used from client wallets are sent to the validation wallet. Each month 20% of VIDT used on validations are burned, and 10% are bought back from the open market, at random times across the month. This replenishes the main wallet which sends out VIDT to client wallets. So the total supply is dropping each month (last month 91.5k tokens were burned) and there is always a slight buy pressure from the buybacks (last month 45k tokens were bought from the open market). All of this movement can be checked through the wallets on the Dashboard. + +**Additional information:** + +VIDT recently listed on Binance. You can also buy on Kucoin, Idex and Uniswap. + +This is a real business. From tokens used, we estimate their current annual revenue to be at least $2m. The team stated their cash runway extends two years, then many months ago stated they are operating in the black. In terms of client adoption, they are already a couple of years ahead of their original roadmap. + +Lots coming up. It’s genuinely difficult to keep up, so there is a lot of info here: + +There is an ongoing joint project with **IBM**, validating environmental data. IBM funded the project and chose VIDT's tech, and there is a nice video of the two teams jointly placing the first sensor on the roof of IBM Headquarters, Amsterdam. This is in the process of upscaling and together they are selling ‘Corona Safety Indicators’ which analyse air quality. + +A joint project with FTM whereby they will be securing documents such as certificates and medical records for **governments** in the Middle East, starting with Afghanistan. This is real adoption. The project will begin fully once lockdown ends. We have been told it has potential to upscale to other countries. We're expecting more news and announcements regarding this soon. + +Some months ago a deal was signed with a huge new client, a **hardware player** with 'dream clients'. There will be a big unveiling at next year's Hannover Messe, but we now know an announcement will come at the SPS Connect event on 24-26 November. The community have figured out the client from photos released by the team, and though they are not a household name they supply hardware worldwide to some huge clients such as Posco, the world's largest steel manufacturing company, $60bn revenue. They expect the client to bring an 'extremely high' number of validations and for this to be their biggest project, which means validations will increase at least 50%. Some of their customers are already using VIDT to provide feedback and we expect an upscale soon. + +Earlier in the year they unveiled a platform named **VIDT Datalink**, which allows seamless anchoring of data from any publishing platform and cloud service to multiple blockchains. We’re expecting a full whitepaper on this soon, to hear full details. They have integrated IBM Cloud, and providers such as AWS and Azure will be able to connect too. + +They recently announced a new usecase: **NFTs** (with a new token, VIDTC). This is a huge upcoming use for blockchain, and VIDT have the links and tech in place to become a major player. They are initially focusing on 3 main areas: luxury goods, company stocks and social privileges. The first NFT was issued for a 1956 Rolex Milgauss in collaboration with Amsterdam Luxury Watches. I believe they are the first company to have legal clearance to issue NFTs for company stocks, and they will be working with Firm24, who have incorporated 30k Dutch companies using their platform. + +The team has recently been **upscaled** with an experienced strategic partner and a team of scale-up experts. The team stated that ‘several’ new members will be added to their sales and dev teams in Q4. We have been teased a sales force team in the UK opening soon. + +They have a partnership with **CMS Law**, the second largest legal company in the world - together they are working on a GDPR framework. VIDT do not host or see any data, only the fingerprint is saved, so they are fully GDPR compliant. The team host Roundtables with huge companies including AmSpec, CMS and **Vopak**. They recently presented to **Mazars Group**, a huge coup, and are meeting again soon. + +In Q4 they are teasing a huge new project involving all **shrimp boats** in the North Sea! + +Upcoming is their first big SoyyoID project, a platform to validate and verify the authenticity of profiles and media online. They are working with the Diamond Verification Association to certify diamonds. They are working with a company named WordProof to validate online content. In Q4 they will release their B2C app whereby individuals can validate their artwork, photographs, music and so on. They are working with the Waves platform to work on document and data validation. They secure diplomas at Nyenrode Business University and are members of the Dutch Blockchain Coalition. So much interesting stuff. + +Check out the Roadmap on the website, check the VIDT Dashboard to get a feel for the movement of tokens, then join the Telegram Community group if you have any queries. Cheers. +🚀🚀 + + +A legit amazing working (!) Project! + +Meridian Network $LOCK + + + +https://t.me/uniswap_gem_alerts +The third phase of Meridian (LOCK) is now underway. Been waiting patiently for this to happen since a month now. It is finally starting. I am quite excited to see how the development unfolds. + +Etherscan: +https://etherscan.io/token/0x95172ccBe8344fecD73D0a30F54123652981BD6F + +Buy LOCK at Uniswap: https://app.uniswap.org/#/swap?outputCurrency=0x95172ccbe8344fecd73d0a30f54123652981bd6f + +Website: +meridian-network.co + + +Low cap: 1,1mil +Low holders: 1300 +TEAM locked their tokens + +DAO and Balancer is up and running right now! ✅ +🔥🔥🔥🚀 DYOR! + +Meridian Network main TG: +https://t.me/meridiannetwork + +Meridian Network Announcements +https://t.me/meridiannetworkann + +Meridian Network Trader +https://t.me/meridiannetworktrader + +Hacken audit report: +https://medium.com/meridian-network/hacken-audit-release-update-d5a8eee64761 + +The LOCK team has revealed that Meridian Network and TrustSwap have entered into a synergy geared towards providing the backend escrow service required for LOCK's upcoming prediction market dapp. + +Here is the article: https://medium.com/@meridiannetwork/presaga-integrations-announcement-d1669bce7f6a + + +Watch Crypto Zombie's video here: https://www.youtube.com/watch?v=hX-U4UJxETk&feature=youtu.be +If you have 50k in cash and you want to generate annual return. Would you rather buy shares or sell OTM or even ATM, blue chips only, LEAP or monthly cash secured puts? + +If you sell 550p TSLA September 2022 for around $5300, annual return is 10-11% which is not bad or you can sell 4 contracts 140p AAPL for $5700. + +Either way, if the market crashes, you will be a bag holder for short term. You will lose dividends by selling puts, but dividends are not appealing in blue chips stocks. + +&#x200B; + +Give me your opinions. +I've long thought the same thing as this article but here's some food for thought.. + +https://www.theguardian.com/food/2019/nov/07/why-am-i-happy-to-spend-20-on-four-pints-of-beer-but-not-on-a-bottle-of-wine +(copy of [this post](https://community.monzo.com/t/revolut-feedback/29037/748?u=foobar) made on Monzo forums since Revolut has been deleting the threads and posts) + +I've been using Revolut for more than 1 year, became a Premium user fairly quickly, and grew displeased with their service from most respects, from technical to customer support. It seems like a great product at first, but then turned into more hassle, to say the least. Some details of my experience with Revolut can be found in the links below. + +### First criticism - double spends, withheld funds, failed top-ups and payments: + +1. https://community.revolut.com/t/charged-twice-for-a-unsuccessful-airplane-ticket-payment/47043/39 ([saved PDF version, 2018-08-11, my post starts on page 10](https://www.scribd.com/document/385950321/Revolut-double-spends-withheld-funds-failed-top-ups-payments)) + +### Second criticism - absent customer support +Created a thread about absent customer support that my wife had been battling after having her account (and hence funds) locked when trying to top-up: + +2. https://community.revolut.com/t/account-locked-customer-support-deplorable-more-than-60h-and-counting/52024 ([saved PDF version, 2018-08-11](https://www.revolut.com/help)) + +### Third criticism - censoring (resulted in even more censoring) +I wanted to update the above 2nd thread with new information, but noticed that Revolut deleted at least my last message in this thread, then locked and archived the thread. The post simply said, from memory (which is not fuzzy): + +> Seems I should have posted a Reddit review as well + +Yesterday I created a 3rd thread to complain about this censoring attitude, titled _"Thread locked and posts deleted ... really?"_: + +3. https://community.revolut.com/t/thread-locked-and-posts-deleted-really/54602 + +After about 1h the thread was already accumulating Likes (I saw 4) but today, less than 24h later, I noticed Revolut has deleted the thread entirely. The thread was saying, from memory (still fresh): + +> I posted this: https://community.revolut.com/t/account-locked-customer-support-deplorable-more-than-60h-and-counting/52024 +> +> I was about to post an update regarding the situation, when I noticed that at least one of my messages in there was deleted, and the thread was locked and archived. The message that was deleted said "I guess I should have posted a Reddit review as well", nothing more. +> +> It's great to see Revolut embracing free speech and criticism. Congrats. +> +> Should I now be worried that my account will be banned and blocked too? + +Right. I was already not relying on Revolut after all the instances of account blocking, failed payments and top-ups, withheld funds, and very poor customer service ... but censoring criticism is a new level. Sure, my messages were critical, though not as critical as others I've seen on their forums, and did not contain foul language. I would have normally followed up by sending a letter to the CEO, but this censoring is indicative of a concerning (to be polite) company attitude and policy, given their forum moderators are Revolut employees, not volunteers. + +I'm posting about it here in order to raise awareness and because it would have been be deleted again had I re-posted in Revolut's forums. I may now actually post a Reddit thread, and may still write a letter to the CEO. This time I did save and printed threads 1. and 2. + +I maintain the opinions I expressed in 1. and 2. above, about Revolut as a company and product, and now I can add further disappointment seeing Revolut trying to hide the extent of the problems surrounding their product, services and company. How much further could Revolut have strayed from their own motto "better than your bank"? ... hopefully they don't take this rhetorical question as a challenge. + +EDIT: Also, googling “Revolut censoring” or "Revolut censors" finds similar reports. Feel free to spread the word in the interest of awareness. +Imagine the collective of multiple international institutional and individual investors, European Union, South Korea, Japan, China(?), UK, Vatican, Australia, Austria, Antarctica, etc + +&#x200B; + +What an international mess it would be to have virtually (potentially literally) every country with access to the internet and reddit with individual investors trying to apply pressure on the UNITED STATES OF AMERICA, a call of JUSTICE, and FAIRNESS. + +&#x200B; + +I remember reading something about French government asking SEC to look into something, but the SEC was all like "thanks for calling us, it is an internal issue, we will keep you posted, stay posted to our emails" or something along those lines. Of course, we have seen Brazil been involved too, so Im sure even penguins got something here to say. + +&#x200B; + +TL;DR + +**buy \[through IEX\] and hodl** +&#x200B; + +https://preview.redd.it/g2gaq6tsee3a1.png?width=1634&format=png&auto=webp&s=90f86720865d8aff2e691f3821cc930136c66e3a + +https://preview.redd.it/y4m3g4tsee3a1.png?width=1597&format=png&auto=webp&s=06aae8a5826aa9a57a45c3f95c11aae75776d43a + +What a month November was. I'm excited about December! In my previous posts, there has been hate on the trading strategy that consists of just pure price action and market structure (not sure why), but I just want to keep preaching that if you are struggling within futures, seriously look into learning price action and market structure. I will, again and again, suggest Thomas Wade on YouTube as he has so much free content on price action when it comes to trading futures. + +I myself try to go for a 1:1 risk-to-reward with the strategy instead of a 1-point profit like what is commonly used in this strategy and I typically trade with 5 contracts. + +The strategy in itself isn't some magical strat to win all your trades. I still lose quite a bit but the important thing is managing your losers and waiting for valid setups, and most importantly (IMO) trading on the right side of the market, and that is when understanding market structure comes into play. A lot of my losers were me not zooming out and getting the bigger picture. After a loser, I take a moment and analyze what went wrong and most of the time, it's because I didn't have the market structure in mind. The other times I have lost is just from getting trapped and/or the setup just not working, which happens. + +&#x200B; + +*Also* u/stilloriginal*, I haven't blown my account yet from trading price action :) I know you set a two-week reminder on my previous post so I figured I would go ahead and tag you <3* +https://imgur.com/V0sb7Id +[Sorry for the potato picture, Facebook Live stream isn't the best quality] + +A few months ago, I posted here about the ongoing dramas I was having with banks and utility companies, surrounding the issue of rippling bans for being a Bitcoin trader. + +Well today, I had the last laugh. Thanks to Bitcoin, I was able to buy my first house. No banks, No mortgages. Just 100% digital currency goodness. + +Thank you Bitcoin. You have changed my life <3 +"If I have $50,000. Should I buy bitcoin" +"If you had $10,000 would you buy bitcoin" +Or my favorite +"Should i buy bitcoin ?" + +.. REALLY? It's a fuc#$ng bitcoin subreddit.. +God, I’m so tired of being poor. + + +edit: +Thank you to all of the information and all the new leads I have to go on! +I have a job interview scheduled for tomorrow as a security guard. While I’m looking to go into law, this is a good way to get back on my feet again and chip away at my stupid debt mountain. + +One day at a time, y’all. I’m sending good interview/application vibes to all!! +A few days ago somebody posted on here about a company called AURVISTA GOLD CORP. I was kind of intrigued because the price was cheap, about 20 cents a share, and it's a gold exploration company. Which means if they strike, well they are literally sitting on a gold mine. I have kind of, sort of mulled it over in my head ever since. So about 10 minutes ago I decided to really look into it, since I do own some mining and think PM mining may do well in the future. + +Almost immediately [I came across this interesting article](http://www.marketwatch.com/story/parta-dialogue-adds-aurvista-gold-to-its-list-of-canadian-resource-and-energy-sector-clients-2012-11-28-121733923). It basicaly says that the company in question has hired another company to pump it's stock price on social media, such as reddit. + +It illustrates a point that I have long lived by, and I think everybody should keep in mind. Never believe anything just because somebody tells you to believe them. Always be skeptical. Especially of what you see on the internet. +I'm not trying to pass as a genius or savvy investor at all but most of my positions have been up. I started investing in mid June 2016 and there was a time I dipped into 3x leveraged ETFs like JNUG hoping to make quick bucks. I failed and lost a bit of money (about $3000). Back then I read charts like crazy, trying to predict the trend, looking to the Fed minutes, etc. Guess what? One day I was sure that my positions would go up and when the Fed released their statement, it went down. + +I was sick of it. In the very beginning, I invested in AMD, NVIDIA, APPLE, and TWITTER. During all that time I toiled over fundamentals, charts, etc, those stocks steadily climbed. I realized had I not trying to get rich quick, I would be in far better position with those simple blue chip stocks. + +So I changed the way I invest. + +I stopped paying too much attention to the news. I stopped reading annual reports, I don't care what the fundamentals are, I wouldn't give a damn if the apocalypse hit tomorrow. Candlesticks, earning, financial statements are all meaningless. + +I buy and DCA (Dollar cost average) everything. Every paycheck I set aside a certain amount and put into stocks and ETF + +This is my current portfolio + +AMD, NVDA, APPL, MSFT, VOO, VTI, SPY, SCHG, VGT, XLK, FINX, QQQ, QTEC, FTEC, ESPO, SMH, MGK. + +If you think "ha, this idiot actually bought SPY and VOO, they are the same shit" + +Yes, that's why I admitted I'm an idiot. Perhaps a lucky idiot. The only stock that I lost money is SQ. I bought it at all time high in 2018 and the stock went nearly sideway in 2019 so I sold it at a loss of $200 and invested that money into something else. All of my positions have been going up. + +Sometimes I tried to dabble into options trading after seeing mad gains from wallstreetbet. + +The main problem: again, I'm an idiot. A happy idiot in fact. No matter how much I read/watch YT videos, I don't understand theta, delta, exercise, short leg, long leg, time value, intrinsic value, strike price. Ok, I do understand the definitions but I don't know how they can connect to each other to make me money. + +So I dropped option trading completely, not even attempt to do anything about it + +My portfolio hit all time low on March 20 at -17.33%, today it hit all time high at 18%. It climbed about 40% for the past 3 months + +All due to DCA. I steadily put money into stock every 2 weeks. I don't care if the market hit all time high or all time low, I buy. When RH crashed and everyone freaked out, it didn't affect me one bit. + +When I read the story about that guy who took his life over 700k loss, I realize it could be me had I not learn anything from the early $3000 loss. I don't do well with stress. I want to go home after work at night, check my stocks for 5 minutes, eat something, fap, and go to bed. I don't ever want to stress out every minutes of my life over things I can't control: the market. + +I don't try to give anyone advice because I'm still a learner. All I ever do is to expand my portfolio and put some more money every paycheck. + +But before you buy any book or subscribe to any stock-picking or teaching service, do you realize that stocks picked by a monkey can beat the market? + +https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/#324cef35630a + +https://www.stockinvestor.com/35446/beating-market-surprise-surprise-monkeys-win/ + +I wouldn't waste money in any of that. Every penny I'm not putting into stock is a penny I lose from profit. + +**tl;dr**: an idiot made money by DCA into ETFs and blue chip stocks after failing basic math. +I see 3 possible outcomes tomorrow. It’s simple. I’ll explain my theories and tell you how to make money off the possible outcomes. + +As you all know there are a ton of call options that are ITM that weren’t supposed to be ITM this week. I don’t know about you but I don’t see this price action stopping this week so I’m actually going to exercise a few 100 strikes. I doubt I’m the only one because this baby is going to the moon. + +WS is probably going to bring this heat tomorrow more ways than one but here’s how to how you make money and apply buying pressure. + +It’s actually hilarious because I think their only way out is to cheat. + +Most likely scenario: I see an iv crush in the AM with no gap down to deter swing traders from buying in. This slow uptrend isn’t working for them today. Apes must have learned patience last year. There will be a de-hedging scenario in which market makers sell their shares (that they never bought…yet) because people with take profits on calls and not everyone has enough money to exercise them. It’s inevitable. This doesn’t change the fact that more calls will be bought but they will get people to paper hand. + +How do you solve this? Clearly you buy OTM puts at the open to hedge your bullish position. This way market makers lose both ways, and the only other solution for them is to cover short positions, pay up on the puts or calls, or get dirty. Long story short…If they need it down then make them pay you for it. It’s ok if you lose money on puts i literally was up 70% on my long calls today and down 80% on my puts. I made no money but I’m prepared and I didn’t lose money. + +Best case scenario: as soon as think they won. Someone or institution buys a crap ton of shares, creating fomo again, retail starts buying more calls…WS panics and the road to ATH begins after hours. + + +Worst case scenario: some fed propaganda comes out tanks the whole market and and Gme of course goes down with it on some illegal dark pool derivative Wall Street stuff (I mean, does it really matter right now?) guess what you bought puts and make more money then you would have on calls. + +I’m not talking about 0 day options here, at least 1-2 weeks out. I got 20 130 puts for 4/1 and and 60 250 call strikes for 4/14. + +Also is it just me or is the We3d stock shit come back just on time - same as last year. Do you, but I don’t give a shit. Stay focused. You know what’s happening and you know the truth. + +TLDR: hedge OTM puts. Exercise calls. Hold. This is how normal folk can help. It’s actually more effective than buying shares rn since settlement takes 2 days but of course buy and hold. + +This is not financial head lice 🫠 + +Edit morning update: As of market open…It appears I should have just bought all calls. I still believe puts close the money still help keep the price up short term. + +Edit 2: 11:20am. Scenario 3 literally happened. Shaved off some Gme call profits when I saw the fed was going to speak and figured if I were them it would be a good time to tank the market. That’s another reason I believe the Gme squeeze is the real deal. Bought some SPY 0DTE before 11am in case Gme just kept going up. It was good timing 50x445 spy p 0DTE quick 3x - fuck em. Still not tits up. + +Edit 4: it’s 3:30pm idc anymore my tits are jacked for 150-160+ +I've been watching the market for about 10 months so far. I've learned quiet a bit, but I'm still a beginner of course. I have over $130K in cash and was very scared to invest until a few months ago when I put $15K in ETFs. My portfolio is doing okay. However, I'm afraid to invest more. I'm in it for the long term 5+ years.. How do I get over this fear? Any somewhat safe ETFs or stocks you recommend? Thank you! +Hearing on Gherkinit's daily stream that Keith "Put some respek on his name" Gill is still awarding to good DDs to help to boost moral and fight FUD, made me realize that it's been a while we shown DeepFuckingValue our love. + +Your Yolo Updates gave us hope, Your cryptic tweets made us think, analyze and get us jacked to our tits. I know you can't talk, probably for legal reasons, but you still got our backs. And we know. + +Keith, you aren't a cat, but you sure are a great dude. You are liked by Korean ants to Canadiapes. You held strong even nobody trusted you. Worst, they mocked you. You are an inspiration. + +The fact you were still willing to buy at 40 changed the game. I know you are just a dude, and that the pressure of having millions of people waiting for you to speak must be frightening, but I just wanted to say I respect and I care about you. + +"I like the stock". + +Thank you. +That's it. That's all. I just think it's too risky. Not for your butthole of course, but rather the psychological well being of the rest of us apes never being able to unsee it if it happens. + +Also worth noting how oddly appropriate the flair of "shitpost" is for this... + +&#x200B; + +EDIT #1: To those apes that have given me awards and updoots, thank you! You apes here are truly the best! +This is **especially** for all the newcomers to crypto during this cycle. The FUDs didn't get to you and you stood strong! Many people I know already sold their cryptos at lows fearing that it will go much lower, they have adopted the **buy high sell low** strategy but that ain't for me! + +It has been really hard on me too as I am one of the **newcomers** too! I have been in this crypto space for not too long and after I initially invested the price started to dip. However, as I am in for the long run, I did not let those FUDs sway me into paper-handing my cryptos. Although as of now my portfolio is still pretty much in red, I strongly believe in the utility of the crypts that I purchased so I ain't paper handing them! + +If you DYOR, you would be more confident with your purchases and less likely to paper-hand them. Thus, I also believe it is crucial to do all the research needed before buying into different cryptos. **DCA whenever possible and remember to stake if you are in for the long run!** + +***Either way, give yourself a pad on the back!*** + +P.S. not financial advice +At the start of 2016, we owed $40,398.26 in credit card debt. Most of it was overdue or in collections. Interest rates were in the 18 - 22% range. Credit scores had dropped into the 400's. + +As of last night we have $0 credit card debt, credit scores in the 800's, and to be honest, I'm not really sure what to do with myself now. + +We spent not just money, but a ton of time, energy and very hard work to get this paid off and I think I'm a little bit in shock that the day finally arrived. I'm just sitting here looking at next month's list of bills and it's so small... + +If you're interested, this is how we did it (and please realize this is all looking back at it, while "IN" it, it was a messy trial/error, screw up, try again, be desperate, be hopeless, make progress, get excited, then lose progress, then struggle some more type situation) + +First was admitting we'd totally screwed up big-time and had to get ourselves under control. Switching to "cash only" was a big deal and probably the first real life-changer. We got into debt because of 'emergencies' where we'd charge something with the intent of paying it off later...except later never came and the finance charges did. Lesson learned. If we couldn't pay for it in cash - we couldn't do it. Meant postponing dental work, not contributing to the baby shower for the lady at work, etc - in other words we had to live on what we brought in. + +Second was admitting we needed more work so figured out how to balance shifts/change jobs so both of us could work full-time. That was another struggle since we had kids and yeah, things got missed but we worked it all out in the end. It was a cost - but one that had to be paid to keep past mistakes from carrying forward indefinitely. + +Third was actually talking to our creditors - found out most were willing to come on board with some kind of modification. Some dropped interest rates. Some were willing to keep us at set at a smaller monthly payment. Some wouldn't budge on either but at least were willing to suspend further late fees. + +Fourth - set up the new budget. Between the smaller payments and more income we were able to just squeak out the minimum payment on each debt each month. + +Fifth - next big key - we never ever stopped paying those amounts. Even when the minimum started getting smaller on some because we were paying down the debt, we kept paying the same amount - and those amounts came before anything else except absolute needs. (In 2016, one card's payment was $125 with the monthly interest at $100.98. Same card in 2020, still paying $125 but interest down to just $5.33. By keeping payment same, more and more went on principle so less and less interest though rate stayed the same. I point this out because it is soooo hard to keep paying and not see those balances go down hardly at all at first.) + +Sixth - finally got a raise - started paying weekly half the increased income directly onto lowest debt. Paid off lowest debt, kept making that payment every month except on the next highest interest debt, along with that extra weekly payment. Snowballed / Avalanched it from there. + +As more pay increases came, kept on keeping our basic budget the same and splitting the increases between debt and setting up emergency savings. Same for any O/T we got - and we were fortunate enough to score quite a bit of OT. + +Fully realize without that added income we'd have been stuck. You can't just save your way out of most debt. But you have to make sure to stay disciplined long-term to use that income to pay off debt AND create emergency funds ... because without the emergency fund we'd never have made it all this time without having to go back into debt again. + +Thanks for coming to my TED talk. Not sure where the heck our financial journey goes from here...might actually take a vacation some day. But in the meantime, for everyone working and working and trying .... keep going. There is an end in sight! You can do this!!! + I think for most people it's difficult to speak with your employer about wages and about getting an increase. I'm interested in what people's opinions are about this. +I was a Dollarmite kid, which should have been enough to dissuade me in the first place, but institutionalization is a hard thing to fight! + +Commonwealth have slowly grinded me down and following these last few outages I'm left with very little confidence in them. + +I don't have any outstanding loans or payments made to them so I think it's as good of a time as ever to jump ship. My biggest issue is finding another trading platform for ASX shares. Are there any easy services for transferring shares from one account to another? +Despite dire predictions about the end of the JobKeeper wage subsidy, there are now fewer Australians relying on the dole. + +The number of Australians on the dole fell by almost 20,000 after JobKeeper ended, fuelling the Morrison government’s optimism that the economic recovery is progressing more quickly than expected. + +https://www.heraldsun.com.au/coronavirus/number-of-australians-on-the-dole-falls-after-end-of-jobkeeper-wage-subsidy-scheme/news-story/5121d1b91755dd146560692676e4d764 +I got payed, first time, paycheck once every two weeks at 2 and here's the breakdown, IDK if this will be done every two weeks or once a month + +Gross: 2,145.40 +Netpay: 1,539.47 + +So California taxes and federal taxes took about 605$ and here's the breakdown + +- Federal tax 304.31 +- State Tax CA 92.26 +- OASDI FICA (IDK what this is) 131.27 +- HI Medicare (whats HI medicare?) 30.70 +- Kaiser CA - Pre (I thought this was medicare) 34.84 +- State DI CA (IDK what this is) 19.05 +- Safeguard Dent - Pre 2.50 + +Can someone tell me how "HI Medicare" is different from "Kaisar CA"? + +What are "OASD FICA" and State DI CA"??? + +**Buying a house with family** would I be able to say I get 56k a year to cosign on a house? and how long do I wait till I can put my name on a mortgage loan? + +Thank you in advance! I'm crying internally now +Every day for work Monday to Friday I pump myself way too full of caffeine, work all day at a meaningless and boring job, and then as soon as I get off of work immediately start pumping marijuana into my system. I get maybe 5-6 hours of sleep a night. + +When the weekend comes I always anticipate I will get back into my hobbies such as gaming or music, but I end up scrolling through social media and other apps on my phone until I pass out at 2-3am. Saturdays are pretty much the only day I get a full 8 hours of sleep. I spend a lot of Sunday just being anxious that the work week is going to start tomorrow. + +HODLING GME has actually made the work week more bearable as I have some reason to enjoy the hours of 9:30am to 4pm (especially since I work 9am to 5pm). + +It’s a horrible cycle and something that I hope millions of dollars will break. If I am not spending my free time trying to distract myself from being a wage slave then I will be able to enjoy it more. + +I’ve always thought to myself if I just had a better job and didn’t hate my life then maybe a more enjoyable job with more money would help me get out of this rut. + +I don’t know what the point of writing this is. Downvote it if needed. I don’t care. I’ll delete it if needed. I just needed to type it out and get it all out as I’m miserable every day and waiting for MOASS has given me hope that maybe things could be different for me and I can spend my 30’s onward actually being happy and traveling the world with my wife. + +Thanks to any apes who read the whole thing. + +EDIT: I really did not expect this to resonate with so many people. Thank you so much for all of your kind words. +I know with bear market we have to break prior established lows, but how do we determine when we are actually entering a bull market? Right now it has been easy to declare most up swings as fakeouts, but I’m struggling with concrete tells to know that we are not in a fakeout and clearly determine bull market. Of course I’m not expecting us to be in one anytime soon. +I have enough AAPL (and a few smaller ones) that I can be selling covered calls. I fear though getting called away, and then paying taxes on my gains. + +There’s tons out there, but plenty of worthless stuff that may be hard to sift through. Are there any good reads on generally how people price their covered calls, manage risk, and prevent getting shares called away? + +I figured I should put my long term holdings to work for a little extra instead of just sitting there. + +Edit: appreciate the help and insights- a bit to think about and analyze. To clarify, I’m not worried in the sense that I shouldn’t bother — but rather the fear comes from my ignorance on this subset of trading. Every bit of investing and trading is terrifying until you learn how it works to safely manage risk, and y’all have been helpful so far in demystifying a bit of it with suggestions on the starting point/foundation to properly build on. Thanks! +My rule of thumb with my disposable income is to typically spend it relatively guilt free as long as I am hitting my savings goals, but this is a large purchase/commitment so want some guidance. + +I love golf. It is about my only hobby, and I am very passionate about it. I am considering a country club membership that is not a wise financial decision but one that I believe would provide me great joy. + +Background: +32 +$90K/year income but about half comes quarterly +No debt other than my mortgage. Payment is $1100 on a 20 year mortgage and my fiancé gives me $600/month to split bills semi even. +$235K invested +$100K home equity +$22K emergency fund +No other debts. No children for a little while. + +I am not perfect in my investing, as I am only at 16% 401K contributions. I maximize my Roth and do deposit $500/month into a taxable account (I know this isn’t ideal when not maxing out my 401K). I increase the 401K annually and should have it maxed soon. + +The membership is approximately $3K initiation and about $450/month in dues. + +I currently spend about $1500/year on golf and about $70 a month in a driving range membership. All of that would be eliminated. I know I would get a lot of joy out of the membership but it is a large commitment and the “value” would be in enjoyment instead of breaking even financially. + +How silly am I for considering this? +Stonky Saturday apes! This last week has been interesting to say the least. Many pieces finally falling into place in terms of the broader market risk-off selloff. + +Like I think many of you I have been bearish on the market and crypto, because the excess that could be seen in e.g. NVDIA or AMD gaining 50% in October or even a Ford gaining 100%+ in 1 year, stand for the very market manipulation with fake leverage that we are fighting against by buying and holding GME. + +If like me you are also tracking other stocks and have found the zoom out button, e.g. the 5 year chart, it was clear that the trajectory of the broader market and particularly of non-profitable growth tech was unsustainable. I could hardly believe when people on Twitter were still talking about a blow off top ahead, when October had the most ridiculous upwards angle and above mentioned +50% runs on even well established companies. Hint: A companies market value doesn't change 50% in 1 month on no news. + +I have been tracking hundreds of stocks across all sectors as preparation for what to diversify into post MOASS. And I have been doing simple technical analysis, think support and resistance levels, upwards and downward channels, on ~100 stocks and ETFs I shortlisted for closer observation. + +In my opinion many of the high flyers are the right companies, only currently still at much too expensive price. To the point I read this statement on Zero hedge today: "It’s amazing how many multi-billion market cap stocks are down 75% from the highs last year, yet they still seem ludicrously expensive. This will eventually get corrected and corrected with a lot more pain." + +Now how does this all relate to GME? I can tell you for all the other stocks I have been tracking, even my simple TA has been pretty much spot on. Stocks reverse at the resistance levels, bounce at the support levels, and many are currently declining, just like the analysis suggested. + +I did make a few side bets with puts and some worked out nicely while others I picked a bit too early expiration or too cheap strike (instead of the TA target level). But nearly all the target levels I projected were hit. + +Now we all know TA on GME is almost impossible, because it's so manipulated. And please don't come with EW or Tradespotting or others, because you can forecast all kinds of levels and they never talk about all the times they have been wrong. + +But while TA on GME might be tricky to impossible, one thing I am 100% sure on is that I have studied and watched GME like no other stock. Every day for a year I have watched tick for tick, level 2, and all other data I could get my hands on as part of this community. + +So putting things together, I was right on all these other stocks and crypto with TA and expectations, but the one I've studied the most, with the manipulated price movement the hedgies and market makers are screaming at me and all apes that we are wrong. I don't buy that. + +After 1 year, I have still to see any credible anti-DD for apes not being right. By now, the chart itself is one of the strongest DDs discounting all kinds of nonsense I have read. Why does GME run out of nowhere in quarterly cycles if we're wrong? How come we can see data that we're buying 3, 5, 10:1 on Fidelity every day but the WeBull CEO wants to tell us (without showing data) people are selling? + +For me the Fidelity data is quite an important indicator of sentiment. People argue sells are bigger volume than buys, but I don't agree. You need to own a lot to sell a lot. And unless you are a daytrader with a huge account (is there even such a thing?) then you'd have to have acquired your big GME position over time. Like me. + +And do you believe that after 1 year of buying almost every day, I suddenly decide to walk away? Also like most of you, I'm a gamer. I didn't beat Isshin Sword Saint or get a platinum in Bloodborne or 102% on Donkey Kong Country 2 because I give up. I know you are the same. + +So while I wish I had more free cash to make gains on the side by my right predictions on other stocks, what I have been doing is putting every free dollar I have into GME continuously. Because I believe I'm also right on this one, it's only being obscured by manipulation. + +I think the Lightning Warrior on Twitter said it right, we've already won, they just don't want to pay us. I believe the whole pressure down since the November peak was a last lifeline for the shorts given by the SEC, etc. "Let us try one last time to shake people out." + +But when we went sub 100, they hit limit buys instead of stop losses. They haven't found any stop losses since the March flash crash I think. This tells you all about this movement you need to know. Reverse UNO on the WeBull CEO, we DO walk the talk. + +So I expect that we'll see explosive price movement upwards going forward. Maybe end of Jan, maybe end of Feb, maybe mid March, or all 3 like last year. Will it be MOASS already? Who knows. + +But I think after they tried and failed to shake us out on low price, they will at some point have to try and shake out by higher prices. To a daytrader going from 100 to 250 might be appealing, but I know that for none of us that's even worth considering. + +So they will have to negotiate by going higher. Anybody selling for 300? 350? 450? 1000? Etc. And I think they will find also there we walk the talk. They won't find many sellers at all. Institutions will probably sell out again, but it won't be enough. + +One thing that has helped the GME price suppression is the market going down because it made their price pressure with puts easier. GMEs negative beta has largely been misunderstood, as it mainly stemmed from the January sneeze, where GME indeed became that black hole sucking in liquidations of other positions. Interesting that just on Friday we saw GME green in a sea of red. On a Friday. Just like 1 year ago. + +I expect the market to drop further until the FED flipflops. Crypto is already having a bad breakdown this weekend. So we'll have to see how much GME is already switching into negative beta black swan mode again vs still getting dragged by the broader market. And how much of the crypto got liquidated to pay for our next run-up, also like usual. + +So to summarize, I have been right on so many other stocks, the market, and crypto, so I don't see why of all things the one I have studied best, GME, I should be wrong. I'm not going anywhere until we all get our well deserved tendies and we see true change in this fraudulent system. + +Lezzzzzzzzzzz fuckiiiiiiiiiin goooooooooooooooooooooooooo apes 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Hi all, fairly new user that mainly uses stocks as a savings account. I don’t mind going into risky markets, I just never know when to sell. Any good companies to invest in now that should see growth in 3 months or more? +I do have graphics that supplement the information provided here, so check out the full video to get a better understanding of my findings: https://youtu.be/eAdbJSZFl74 + + +* Now first off - as a consumer - I love this service. Been using it for about 3 years now, and no plans to stop. It's one of the few services I use almost EVERY SINGLE DAY. I would say the majority of my friends have a Spotify account as well and whenever we are out at a party and someone wants to play a song - Spotify is the go to app. But does this company have a good future from an investment perspective? + + +* So first before we get into the nitty gritty, let's take a look at their business model. What I found was that they work on a freemium model to convert their free users to premium users (there's a graphic I have on this that's in the video...). The benefits for Premium include Ad-free music, On-Demand - so you can select and play any track you want - and they allow you to play songs offline. They claim that this is the ideal model as it helps them attract users who want a free-ish platform, and over time convert them to a premium user. However the drawback here is that converting a user from free to premium takes time, and once they are premium, it takes time to pay off. In fact, Spotify says that it takes them 12-months to break even on subscribers - so that is a long turn around time even after a user starts paying for the service. + + +* I can really see Spotify being something pretty big in the future, however, competition is heating up as they currently they compete with Apple - Apple Music, Amazon - Prime Music, and Google - Google Music. They also have smaller competitors like Pandora and TuneIn on some levels and this right here is my biggest red flag - however it may not be all that bad. They are continually growing with DAU and MAU YoY (graphic in video) - which is a good sign - but eventually this will slow down and they will need to look at other sources for revenue. + + +* I really like comparing Spotify to Netflix - back in the day when Netflix was building up steam, people compared it to Google Play Movies, Hulu, Prime Video, etc. But NFLX has managed to break past the hurdles and really leapfrog the competition - they are the GO TO platform for TV shows and movies. And how did they get here? IMO it was through Original content - and this is how I think Spotify is going as well. The way I see Spotify is that it will eventually become it's own record label and they will hire artists to create songs and albums exclusively for the Spotify platform. This will encourage people to stay subscribed to Spotify, and will encourage new users to join the platform. If they continue on their current path, sure their user base will keep growing, but how can they truly monetize?. Subscriptions only go so far, and eventually they need other sources of revenue. Maybe we will see concerts hosted by Spotify, maybe they will host exclusive music festivals? There's a lot of potential - but we have yet to see them to anything significantly different from just Music Streaming. Podcasts are picking up popularity on Spotify - which is another growing segment for streaming - but this will eventually hit the same hurdles they currently face with music streaming. + + +* Revenue has been growing YoY (graphic in video), however the bulk of it is from subscriptions and very little is from advertising. I think that this advertising piece needs to be a lot bigger to take them to the next step. + + +* So should you buy Spotify stock? Well, they are currently a company that is focused on growth, not profits and this means they are fine with losing money in the short term for potentially big profits in the long term. This is not a stock for value investors, but it may be a good stock for growth investors due to the potential market reach they could have in 5, 10, 15 years. I personally am going to continue being a customer of the service, but as of right now, I'm not going to be an investor until they can prove a model to me that shows consist profit in the BILLIONS. + +Why would one want to trade for a prop firm when they can be successful by themselves? I'm sure prop firms can give you more capital to trade with but other than that any other reason? +Does anyone else cringe at all the ideas that come through here? Like “USD going down this week.” Not the ideas themselves but the mindset behind them. + +My thought process is we should be discussing concepts, stats, probabilities, psychology, etc. These ideas are just so focused on the “now.” + +Same thing when I see someone beating themseves up over 1 trade, or bragging about a string of wins. (Or even a backtest with like 50 trades...) + +Maybe its an automation vs discretionary mindset difference but unless there is a decent sample size, it means nothing to me as the predictability of forex is close to 0. Successful traders dont predict, they repeatedly put the odds in their favor — there is a difference imo. + +I guess there’s nothing wrong with discussing ideas but is that part of your process? Getting input from (mostly) unprofitable traders? +So hello guys,i’m new to the forex trading field-just step in the learning phase,nothing more and i have a plan of things that i will learn in the future. ++ i will focus on the price action,dow theory,analyze supply and demand,volume analysis and some indicators like rsi,macd,ema,... ++ Along with that i will put some effort in learning funfamental analysis by Anton Kreil course (anyone who attended this course,plz give me some review) ++ third aspect in my studying will be inter-market analysis,can you guys recommend me some sources on this ? +Well thats pretty much all of my plan,it would be so great if you guys can give me advices,thanks so much ! +My strategy has been pretty much spot on, but most of the time cutting my profit short, like eur/usd sell at .xx973 cut for profit at .xx700 when It ran to .xx300. I was emotionally weaken when it ran up 20 pips, so i didn't want to risk. what's your way of dealing with this situation? +To start with, my condolences to everyone who took quite a hefty hit today with the Pound, and cheers to those who have a nice paycheck for em this weekend. + +Anyways I am curious to hear what your guys' systems are, not specific, i.e a trend trading system, counter trend, scalping etc. Go as in depth as you want, experiences with it, draw backs, timeframe, if you've changed and why. + +I use a counter trend system using the daily chart and executing on the 4 hour using a series of overlapping CCI's and ADX's. A good risk management system has made it quite a profitable system. + +Lets hear em +There are too many people asking how to avoid losses and once again are looking for the holy grail. Ladies and gentleman I present to you… + +The holy grail! (your system that you built tailored to your personality that makes a consistent profit by having a positive RR and a win rate that will support that RR. For example a 60% win rate and a 1:2RR backtested over at least 100 trades is all you need) + +That’s literally it. There is no strategy out there that won’t lose. Why is it when a business loses money it’s seen as normal and a necessary cost but when a trader loses money they start to question their ability? They question the system or they question the markets and everything surrounding it? The statistic that only 5% of traders are profitable may sound scary but if you look at life where else are the chances not like this? In fact 90,000,000 people buy a lottery ticket every year, if not more. The chances of winning the lottery are like 1 in 13 million yet people will still pay for a lottery ticket every time. 9/10 business will fail in the first year then a further 9/10 will fail in the second year. The chances will always be against you whatever you do. + +You chose trading because you knew that you wanted to make a difference in your life. Take the losses as they come. Manage your risk and learn from your mistakes. Keep optimising your system and always keep in touch with other like minded traders. Community is definitely not talked about enough when it comes to trading. Having just one person that you can share ideas and discuss concepts with will tremendously help. + +Let’s discuss in the comments :) + +Hope everyone is having an amazing week! +Hey all, I don't know much about forex trading but I have a buddy putting a lot of money into it. He has some bot running at 500x leverage making 10-15% a month. Started with $30k and has been green every day. So he upped to $100k and then wants to soon put $500k into it. He says he has it set to "conservative" so it lessens the chance of getting margin called. + +I keep saying there is definitely a non-zero chance of it going to $0. But what exactly are the odds of that? I know nothing about this besides the above. + +Thanks for the input. +Hello traders, I regulary have the problem that positions get stopped out in the late evening if they haven´t moved far away from the Stop Loss yet. As you can see on the top right corner of the screenshot below, the trade (short position) got stopped out at where I placed my Stop Loss although the "actual" price seems to be many points away. The loss is only caused by the spread. + +This does appear regulary and it´s really annoying. Should I only open positions in the morning hours hoping that my Take Profit will already be hit until evening (maybe closing the position manually if that´s not the case) or should I just deactivate the Stop Loss in these critical hours manually? Any tips to solve this problem? + +(btw: my broker is IC Markets) + +&#x200B; + +https://preview.redd.it/ii88alks7z681.png?width=1409&format=png&auto=webp&s=f351b01de2806837195fdf698692083ee339fb1c +I am a typical night owl who struggle with getting up in the morning to be productive. + +Recently I have changed my strategy to trade in the morning as it is more profitable but I am having a hard time to adapt. No matter what I do to change my sleeping habit it gets disrupted for whatever reason. + +Is there anyone who is a night owl like me who have found a good way to get up early repeatedly? Do you spike your morning coffee with whiskey or something?^/s I wanna know your secret. +I saw a video of why you lose in trading,and apparently it has to do with me not trading with/like banks. I have heard of people become profitable with 6 figures(you know the story) with it. I wanna know, if I learn how banks trade will it help me improve or just a bunch of bs. +If there are any fundamental traders here I would like to know how you trade. Not looking for strategies but just how one trades using fundamentals. I've been studying economics lot and applicable sides to training (risk flows, inflation/interest rates, etc.). What I dont understand is how you trade on this practically. Do you have spreadsheets of variables that you track? Is it possible to have a consistantly strategy? +I did a cash deposit on one of the Citibanks ATMs. I have done it many times in the past and there was never a problem. However, my most recent deposit didn't go well. The machine took the money and gave me a receipt saying there was a technical problem and they can't give me my cash. So I called the number on the receipt and the customer rep filed a claim and issued me the credit. I went on the app on my phone to check and found out he gave me $30 short. Then I made another call, spoke with another rep and that lady issued me the $30 on my account. That transaction was $580 in total. + +&#x200B; + +A few days later I received a letter saying they issued me the $30 credit to me permanently. I thought everything was good until last night I saw they took away the $550 credit. They send me a letter to my account saying after their investigation they didn't see any cash deposit. What do I do? How come they are able to verify the $30 but they don't see the other $550? I did everything in one transaction. They don't see the extra amount of money in the ATM at the end of the day? I think who ever was doing the investigation is just lazy, not doing his/her job but me as a customer have to take the hit! I'm so frustrated! +I thought the threat of substantial oil tariffs sounded realistic enough. Does anyone have any early thoughts on what this might mean in terms of energy stocks prospects in the near term? +VSTO lost 26% in one day last week. All the articles discussing it keep using this term, but I'm having a tough time understanding what actually happened. +Welcome to the open discussion thread. + +This space is reserved for open discussion or questions on research and news on economics. + +Talk about economics among yourselves. + +[Link](http://economics.mit.edu/files/4123) + +This week's paper comes from /u/commentsrus, who writes: + +> Institutionalists' answer to the geographic determinism that Jared Diamond popularized, I find this article timely, informative, and fun. + +Here's the abstract: + +>We exploit differences in European mortality rates to estimate the effect of institutions on economic performance. Europeans adopted very different colonization policies in different colonies, with different associated institutions. In places where Europeans faced high mortality rates, they could not settle and were more likely to set up extractive institutions. These institutions persisted to the present. Exploiting differences in European mortality rates as an instrument for current institutions, we estimate large effects of institutions on income per capita. Once the effect of institutions is controlled for, countries in Africa or those closer to the equator do not have lower incomes. + +*** + +That's it for "September" - want to nominate a paper for October? [Go here!](http://www.reddit.com/r/Economics/comments/2i5e9b/article_of_the_week_october_nominations_thread/) +[**Direct Link to Article**](http://www.columbia.edu/%7Emw2230/Convergence_AEJ.pdf) + +This week's article was [nominated by /u/Integralds](http://www.reddit.com/r/Economics/comments/2ehxba/article_of_the_week_nominations_thread_for/cjzq0v9), who writes: + +> Compared to the 1970s and 1980s, macroeconomists have converged on modelling, methodology, and the role of empirical validation of theory. Woodford's paper summarizes some of the progress. + +**Abstract:** + +> While macroeconomics is often thought of as a deeply divided field, with less of a shared core and correspondingly less cumulative progress than in other areas of economics, in fact there are fewer fundamental disagreements among macroeconomists now than in past decades, and this has been due to important progress in resolving seemingly intractable debates. This essay reviews some of those debates and outlines important elements of the new synthesis in macroeconomic theory. It also discusses the extent to which the new developments in theory and research methods are already affecting macroeconomic analysis in policy institutions. + +--- + +We hope you like this "article of the week" feature. If you have any suggestions to this or other subreddit features or policies, please [let us know](http://www.reddit.com/message/compose?to=%2Fr%2FEconomics)! [Last week's article](http://www.reddit.com/r/Economics/comments/2ehwyu/wynne_godley_2004_towards_a_reconstruction_of/) generated some pretty good comments. For a list of all previous articles of the week, [try here](http://www.reddit.com/r/Economics/search?q=article+of+the+week&restrict_sr=on&sort=new&t=all). + +If you'd like to nominate an article for AotW, please [post here](http://www.reddit.com/r/Economics/comments/2ehxba/article_of_the_week_nominations_thread_for/) for September - be sure to include a blurb on why the article is worth reading, and enough information that we can find an ungated link. + +--- + +## Tentative schedule for September: + +1st - [*Are The Long term Unemployed on the Margins of the Labor Market? Krueger, Cramer, and Cho* (2014)](http://www.reddit.com/r/Economics/comments/2f4pkx/are_the_long_term_unemployed_on_the_margins_of/). + +8th - [*Convergence in Macroeconomics.* Woodford (2009).](http://www.reddit.com/r/Economics/comments/2frqs8/convergence_in_macroeconomics_woodford_2009/) + +15th - *Macroeconomic Theory for a world of Imperfect Knowledge.* Frydman and Goldberg (2008). + +22nd - *New Immigrants' Location Choices: Magnets without Welfare.* Kaushal (2005). + +29th - *The Colonial Origins of Comparative Development: An Empirical Investigation.* Acemoglu, Johnson, and Robinson (2001). +[**Direct Link to Article**](http://www.columbia.edu/%7Emw2230/Convergence_AEJ.pdf) + +This week's article was [nominated by /u/Integralds](http://www.reddit.com/r/Economics/comments/2ehxba/article_of_the_week_nominations_thread_for/cjzq0v9), who writes: + +> Compared to the 1970s and 1980s, macroeconomists have converged on modelling, methodology, and the role of empirical validation of theory. Woodford's paper summarizes some of the progress. + +**Abstract:** + +> While macroeconomics is often thought of as a deeply divided field, with less of a shared core and correspondingly less cumulative progress than in other areas of economics, in fact there are fewer fundamental disagreements among macroeconomists now than in past decades, and this has been due to important progress in resolving seemingly intractable debates. This essay reviews some of those debates and outlines important elements of the new synthesis in macroeconomic theory. It also discusses the extent to which the new developments in theory and research methods are already affecting macroeconomic analysis in policy institutions. + +--- + +We hope you like this "article of the week" feature. If you have any suggestions to this or other subreddit features or policies, please [let us know](http://www.reddit.com/message/compose?to=%2Fr%2FEconomics)! [Last week's article](http://www.reddit.com/r/Economics/comments/2ehwyu/wynne_godley_2004_towards_a_reconstruction_of/) generated some pretty good comments. For a list of all previous articles of the week, [try here](http://www.reddit.com/r/Economics/search?q=article+of+the+week&restrict_sr=on&sort=new&t=all). + +If you'd like to nominate an article for AotW, please [post here](http://www.reddit.com/r/Economics/comments/2ehxba/article_of_the_week_nominations_thread_for/) for September - be sure to include a blurb on why the article is worth reading, and enough information that we can find an ungated link. + +--- + +## Tentative schedule for September: + +1st - [*Are The Long term Unemployed on the Margins of the Labor Market? Krueger, Cramer, and Cho* (2014)](http://www.reddit.com/r/Economics/comments/2f4pkx/are_the_long_term_unemployed_on_the_margins_of/). + +8th - [*Convergence in Macroeconomics.* Woodford (2009).](http://www.reddit.com/r/Economics/comments/2frqs8/convergence_in_macroeconomics_woodford_2009/) + +15th - *Macroeconomic Theory for a world of Imperfect Knowledge.* Frydman and Goldberg (2008). + +22nd - *New Immigrants' Location Choices: Magnets without Welfare.* Kaushal (2005). + +29th - *The Colonial Origins of Comparative Development: An Empirical Investigation.* Acemoglu, Johnson, and Robinson (2001). +Finance major here and I'm getting a little worried about my decision. + +After learning about the Efficient Market Hypothesis and Random Walk Theory it seems that the way to invest would be to have an index fund or ETF and stay passive. If actively managed funds fail to beat the market or perhaps beat the market then after fees to the client make out with the same return as the market what is the point? + +I love finance and following the market daily, paper trade and at school we have bloomberg terminals and a student run portfolio. I want to land in a non-sales job after college and be an analyst, pass the CFA exams. + +I just don't see the point if you can passively invest in a low fee fund and do better than the "experts." So why bother trying to become an analyst if stock pickers don't outperform the market? I would hate to be an adviser, being a glorified salesmen making commission off people, putting them in the managed funds when they would be better off in ETFs from Vangaurd. Everything I've learned about the finance industry is depressing and wondering if I should change majors, most likely to CS. + +Sorry for the wall of text. + +Opinions, comments, thoughts or am I just being crazy? +I just got a new job as a senior developer at a fairly large company making 110k a year in Oklahoma (very low living cost). I need help deciding on how to put my money to work. I currently have no housing costs as I'm in college (the army pays for almost everything), I have 16k left on my car, and I have a 60$ phone bill. I just don't really know how to invest other than index funds on Vanguard. I currently have 30k in SP. Should I start investing in rental properties, or focus on more passive things? I'm only 22 so forgive me for my lack of knowledge about finance. +So I'm looking to move out (just me) into a one bedroom or studio apartment by myself. 18, no debt, going to school (practically free) + +Rent for that is around $600-800 a month (that's where I set my limits in Wisconsin) + +I found some places for $630 and I'm thinking that's a good deal but I don't know what constitutes me as 'ready' for something like this. Are you ever ready? + +I feel like financially, I could be ready if I save a couple checks (for furniture and security deposit stuff) I'm thinking of trying to save for $3,000 or more. Should I go for a higher number for an initial move in cost? + +I don't really have a rush, I mean I just wanna get out of here because my parents argue often and it's getting annoying. + +I don't need anything too fancy either- just a place not far from school or work and in a relatively safe neighborhood. A place to sleep and do homework really. + +I ran a 50% 30% 20% (bills, saving, food/flex) on my current making without accounting for taxes and it's holding around the fact that 50% ish would be my bills and that's with subscriptions and all.