diff --git "a/reddit_finance_43_250k_445.txt" "b/reddit_finance_43_250k_445.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_445.txt" @@ -0,0 +1,10000 @@ +4 - Cell service is high because it includes my kids + +&#x200B; + +&#x200B; + +|Expense|Monthly|Annual| +|:-|:-|:-| +|Health Insurance |$3000|$36000| +|Mortgage ($150K / 3.5%) |1500|18000| +|Property Taxes |545|6540| +|Car Insurance |466|5592| +|Solar Service |210|2520| +|Verizon / Cell|200|2400| +|Water |190|2280| +|Electric & Natural Gas|185|2220| +|Garbage |126|1512| +|Home Owners Insurance |100|1200| +|Internet / Cable |250|3000| +|HELOC ($64K - 4.5%) |1000|12000| +|**TOTAL**|**7772**|**93264**| + +&#x200B; +I use my HSA in a pretty normal way: fund it every year, and pay whatever medical expenses I have out of the balance, as I incur the expenses. But my understanding is that there's no deadline for reimbursing yourself for medical expenses from your HSA, so the optimal use of and HSA is to just contribute to it every year, invest the whole thing, pay medical expenses out of regular funds as you incur them, and decades from now, reimburse yourself out of the HSA, taking advantage of tax-free growth in the meantime. + +The main stumbling block to actually executing this strategy seems to be the "keep records of all of your medical expenses for decades" part. Does anyone here have a solution they like for keeping all of their medical expense records, for the purpose of HSA reimbursement down the line? +Curious about what would you consider: + +1. too little (cannot have good accommodation, food, time on such budget)? + +2. too much/ wasting money? + +3. What is your typical spend on a single holiday (incl. for how many people you’re paying)? + +4. How many holidays a year? + +5. What is the total annul spend/ budget? + +6. Do you rent a place? Book hotels and activities yourself? Or use a travel agent? +There is a significant amount of political support from the left in the US for various debt-forgiveness schemes for college loans, which is only likely to increase as the millennial generation ages into the dominant political demographic. At the same time, there is a pushback against unnecessary credentials and requiring diplomas for jobs that don't really need it. Further, COVID has normalized remote learning and put additional pressure on universities to lower costs for students. + +Due to all of these factors, it looks very likely to me that in 10-15 years, the landscape for higher education might be drastically different. Maybe the government will pay for college the same way public K-12 education is taxpayer funded (as many European countries do), maybe less expensive remote learning or vocational programs like the "coding bootcamp" will become more widespread and legitimate. + +Due to this, I'm not sure how much money it makes sense to put into a 529 account. I don't want to underfund future education needs, but I don't want to pay penalty taxes by have extra funds not needed for approved education expenses. Anyone else having similar thoughts? How are you planning? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I found there's a myth of most FIRE calculators: they assume I will live toward 95 and suggest saving amount accordingly. However, after considering morbidity rate, I'm more likely to be dead than broke after some age. (See my [link](https://engaging-data.com/will-money-last-retire-early/?spend=40000&initsav=1000000&age=35&yrs=60&stockpct=80&bondpct=18&cashpct=2&sex=1&infl=1&taxrate=0&fees=0.3&income=24000&incstart=65&incend=95&expense=6000&expstart=35&expend=65&showdeath=1&showlow=1&show2x=1&show5x=1&flexpct=10&spendthreshold=100&mort=ss)). + +I don't have good gene running in the family and I don't find much meaning struggling to extend life. I have no offspring; I wish to spend the last dollar in my last minute of life. I feel FIRE (especially lean FIRE) makes a lot of sense to me. + +What is your take on FIRE when considering life expectancy? +Hey everyone! It recently occurred to me that my first post about my FI/RE plan was just over five years ago. I really haven't posted an in-depth update since then (though I've posted charts and graphs occasionally, but never a full-depth review). + +[Original Post, 5 years ago](https://www.reddit.com/r/financialindependence/comments/2h257a/15year_fi_plan_opinions/?st=k1gpxyq0&sh=19e631d2) + +My FI/RE number and dates jump around a lot, but most of them agree that 2024, give or take a year, is about when I'll be ready for retirement. That means that if I've been seriously saving for five years, and I have five more to go, that I'm chronologically half-way to FI/RE. That's certainly variable - closer to my FI/RE date, I may decide I want to stick it out a little longer to increase my expenses in retirement. Of course, a market crash between now and then could also impact my timeframe. However, I'm a person of principle, so I'm just going to stay the course. + +Regarding my situation: A lot's changed in five years, but a lot has stayed the same, too. My SO and I are now married, we bought the house we'd been thinking about. We still want to FI/RE as soon as possible, but our expenses have increased a decent amount in the meantime. This is largely due to two factors: Basic lifestyle inflation, and an emphasis on gifting (we're, by a large margin, the most financially fortunate of our friends. Thus, we treat our friends to dinner/drinks and pay more than our share on group vacations and trips quite often). Fortunately, our income has grown faster than our expenses have. + + +| Category | 2014 Value | 2019 Value | +|:-------------------------|----------------------:|-------------------:| +| Household Income | $140,000| $195,000 +| Household Expenses | $50,000| $66,000 +| FI Target (3.3% SWR) | $1,500,000| $2,000,000 +| FI Savings | $20,000| $900,000 + + +[Monthly Expenses Graph](https://imgur.com/a/OzlAu5a) +[Examples of my Retirement Spreadsheets](https://imgur.com/a/rMPbqJB) +[Net Worth Graph](https://imgur.com/a/FpiPxJA) + +**Income** +The income numbers provided are inclusive of salary + bonus for my spouse and I combined. Additionally, my spouse has a second job which pays a very high hourly rate for a few hours of work per week, and I receive some of my pay in equity (stock from the company I work for), but because these factors are quite variable (don't provide the same income every week/month), I do not include them in my income number above. This means our real income is actually a decent bit higher than what I show above - what's shown there is a lower bound. + +**EDIT:** Some folks have asked about the math here. I did some extra math, and our variable income has averaged about $70k the past four years. As described above, I don't typically include this value when doing my math (because of its variability), but folks pointed out that my increases in net worth didn't add up if the number wasn't provided. To correct that, the number is now provided. + +My income has increased considerably in the past five years, and makes up the majority of our combined household income. (I am a software engineer, spouse is a teacher) However, I feel that I'm reaching a plateau in my field - further raises are contingent upon promotions, which are contingent upon performing better than I believe I am capable of. I think it is thus likely reasonable to assume my income will remain nearly flat for the next five years. thisisfine.png + +My spouse has been kicking around the idea of quitting their teaching job and working their second job more hours. Their second job pays much better per hour, but is far more variable in availability. It's possible they would have no work for months at a time, or it's possible they'd end up with more work than they could do. Their income is only a small (~20%) chunk of our total combined income, so it would certainly be possible to absorb this sort of decrease, if this is what ends up happening. + +**Expenses** +In the past five years, my spouse and I have purchased a new house ($335k, on a 30 year mortgage @ 3.625%) and increased our "fun budget/gifting" spending considerably. Our expenses have migrated upwards, but feel like they've settled in reasonably at about $66,000 per year. When we originally talked about this new home, we thought this would be our "forever home", but the longer we live here, the more we feel like this isn't the case. This home will likely be our working home, but post-FI we may end up moving elsewhere (not exactly downsizing, but just not being exactly where we're at). The goal with that move would be to put ourselves a little further away from the city on a little bit more land. More about that below. + +If you look at the expenses graph provided, you'll see some large spikes in 2017 and 2018. These correspond to large individual purchases (paying for a wedding, honeymoon, new furniture for our house, and tricking out my gaming lounge). Because of the spikes, our expenses reached a high of $88,000 in 2017. However, we're on track for total expenses of only $62,000 in 2019, so I think assuming about $66,000 is reasonable going forward. In my flair, I reference "ChubbyFi", which I would equate to approximately an $80,000 annual spend/$2.4M target. I don't actually treat this as my target, though I may change my tune as the date approaches. + +**FI Savings** +The vast majority of our growth has been from new investments. Between my spouse and I, we contribute nearly $100,000 each year to tax-advantaged accounts, and an extra $50-60k to taxable ones. Unfortunately, the awesome growth of 2016-2017 mostly missed us (our accounts were too small still). + +We max out all of our tax-advantaged accounts (401k, 403b, Mega backdoor, both regular backdoors) and do tax loss harvesting in taxable accounts. We're using pretty standard three-fund portfolios, with relatively basic allocations, rebalanced occasionally. Nothing exciting or special here. + +**Our Plan** +Stay the course! We've built the life we want, and we're saving for it. As the years go on, we've already shifted our target once, so it's possible it may shift again. If that happens, well that's fine. I'd originally planned on retiring before 2030, and that's still my plan - in fact, I've moved the date up quite a bit, so if it moves back a bit too, that's fine. As the date gets closer, it'll get more well-defined. + +There's two large variables at play here, and that's my spouse's work arrangement and my dream of buying land for a homestead/commune. Each of these could impact our plans and numbers somewhat substantially (but likely no more than 20% in any one direction, so no major shifts, just some pull-in/push-out). I've always wanted to be a little closer to nature, and having the land to start an orchard/apiary/vineyard/hop farm would be my dream come true - I'd spend my days growing, brewing and making all manner of beverages (gardening and homebrewing are hobbies of mine now - I'd love to scale them up). A handful of my friends have suggested this is their dream as well, so we've discussed the possibility of this being a communal getaway/living arrangement. This whole idea is still quite ethereal, however. I don't have the time/energy at the end of the work day to implement this just yet, my work takes too much out of me. + +**Post-FI** +I'm going to talk about withdrawal strategy for a bit. This isn't particularly exciting either, but this is something that every FI plan needs. Each year, we plan to convert the standard deduction's worth of traditional funds to Roth (we already have quite a lot of Roth principal - this is just a tax avoidance strategy), and withdraw entirely from our taxable accounts to pay our expenses until those accounts are depleted. By my math, our LTCG should be low enough that we can even tax gain harvest and still remain in the 0% LTCG bracket and pay no federal taxes at all. Our state and local taxes should be minimal (near-zero). If our taxable accounts are depleted before age 60, we can withdraw Roth principal (which we should have plenty of). Past 60, we can withdraw from Traditional and Roth simultaneously. + +I've not really talked about healthcare. Because it's such a huge variable (5-10 years from now it could either be free or *incredibly* expensive), I've chosen to ignore it. There's nothing I can do about it right now, so I'm going to wait until closer to retirement before worrying about it. If it turns out that the current trend (dismantling of the ACA and increasing of costs for non-working people) continues, this will of course delay my FI plans. So be it. I'll deal with it when I need to. + +**Closing** +In closing, any questions? Any thoughts? Any suggestions? Want to join my ~~cult~~commune? + +**Edit:** Added extra information to the "income" section. +sources- + +[Coindesk](http://www.coindesk.com/santander-vies-become-first-bank-issue-digital-cash-blockchain/) + +[Huffington post](http://www.huffingtonpost.com/david-seaman/ubs-santander-announce-bl_b_11683838.html) + +[International Business Times](http://www.ibtimes.co.uk/devcon2-santander-ethercamp-building-bridges-between-bank-accounts-ethereum-1582242) + +[Reuters](http://www.reuters.com/article/us-banks-blockchain-ubs-idUSKCN10Z147) + +edit - [context](https://www.cryptocoinsnews.com/devcon-day2-sees-crowd-erupt-enthusiastic-applause/) +This might sound a bit silly, but my son’s grandfather gave him $100 for Christmas and instructed me to “buy stocks and leave it there for him”. Given my son is 1 year old, and I have zero experience with stocks, the cash has just been sitting on my dining room. +I want to respect his grandfather’s wishes, so here I am - would love to hear any recommendations you might have! + +Thank you! +Hey, + +&#x200B; + +so I YOLO'd in on $DOGIRA yesterday and I fucking love it. The community is amazing, the memes are good and the potential gains are CRAZY. Today we reached 7 CENTS. We are on the road to 10c, jump on this rocket already or you are really going to miss out! Every dip gets so eaten so fast it's lots of fun to watch the people selling and taking the rope soon when we moon. + + +It has been said before, but why $DOGIRA is THE thing: + + + + +1. Dev doxxed itself, coingecko probably comming soon +2. WOR audited +3. $FEG partnership +4. Broke 7c today, there's a dip right now **SO GET IN ASAP** +5. NFTs that actually are lit asf [https://rarible.com/rootpew](https://rarible.com/rootpew)) +6. Community keeps growing and is active on TG. +7. Low mcap! +8. You are encouraged to BUY and HOLD by the tokenomics mechanic. + + + **Coingecko might come soon and we already went to 7c, we'll be mooning very soon!!!** + +TX to Look in @ Dextools: 0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1 + +Site: [https://dogira.lol](https://dogira.lol/) + +Telegram: [https://t.me/dogiratoken](https://t.me/dogiratoken) + +Ether: [https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1](https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1) +Hey guys I just wanted to admit that I did indeed "panic sell" half my stash last night at around ~$280. Enough to cover my principal + a decent extra. + +**Disclaimer:** I am heavily bullish for Ethereum. I literally dumped my entire bank account into Ethereum at ~$50-60 in April. **This included the vast majority of my emergency fund as well**. I was intent on succumbing to living paycheck-to-paycheck due to my bullishness for Ethereum. I am still barely making ends meet paying living expenses right now. + +But these dips have shocked a reality check to my brain. What if my car broke down? What if I lose my job? I then realized how much of a lunatic I was for having barely 3-figures in my bank account and nothing else to guard me in such cases. + +Yes, I over-invested. I admit it. Call me a "weak hand" or "seller of cheap ETH to the whales" or whatever. But for my own sanity and financial security, I needed to do it. + +This probably comes off as some pity-post, so I will gracefully accept all the downvotes, especially since this sub crucifies anybody who sells ETH before "moon levels". But I have found an extreme surge of relief after I sold last night and barely cared about how the prices went today. + +I can now hodl the other half of my Ether in peace for the long-term. +Well, I feel incredibly stupid. :-( + +The bad news.. + +While I was looking at the contract's code casually one more time, a week after deployment, I've noticed that on one line, the comparison operator was facing the wrong way. "Hold on, this can't be right" I said to myself, especially after having paid 3 other devs review the code before me. Unfortunately, it was bug. In all, it was a embarrassingly simple bug, I should have caught that one myself. (Here is the git diff of the fix) https://github.com/CurrencyTycoon/hodl-dao/commit/0e5d7e4237a457468b8fa5bb139aac987a3e9e80 + +The good news... + +The deposits are safe and can be safely withdrawn. The only problem is with claiming the reward from the Fee Pot, if there is any fee in the fee pot, the reward would not be calculated correctly. + +What to do if you have been affected: + +Go to the old contract and hit the "30 Day" withdraw button or "Quick Withdraw", here + +https://www.hdao.org/old.html + +As a gift, I have credited each account with extra tokens, %50 on top of their balance, out of my own pocket. + +Moving forward + +All I wanted to do is learn a little about smart contracts and build something not-for-profit and put in a small contribution to the community, but I ended up falling on my sword. This is not acceptable, especially the guys who already locked their ether, who might have missed out on any reward - that is why I gifted them on their balance. + +Well, I guess here we are, lesson learned for me. Sorry :-( + +Peace and let me know if you have any questions. + + +I'm not going to tell you to be more patient about Ethereum development, but I will offer up some *thoughts on why you might be feeling impatient:* + +1) **Most people expect a continual and visible stream of outputs from development, but the reality is that technology development almost always occurs in fits and starts.** The most visible times tend to coincide with those periods of greatest adoption, based upon real utility for end users. Then things go dormant for a while after the market adjusts to that new utility, without much visible evolution or progress around usable capability for users. I don't care what emerging tech you look at, this is almost always the case, and just a few examples: artificial intelligence, virtual reality, 3D printing, etc. A lot of these sectors often boom, and then feel very stagnant for years. But if you look closely, you'll see that infrastructure for the next big boom continues to evolve. + +2) **You may be blind to revolutionary progress, because it feels incremental based upon your shifting baseline.** Go back to 3 years ago and ask yourself if people would be doing any of the following on Ethereum: 1) taking out decentralized stable value token loans via platforms like Maker Dai, or 2) trading digital cats, trading cards, and other in-game items on-chain, or 3) experimenting with a budding ecosystem of all kinds of other decentralized financial services like Compound. You'd probably say anyone telling you such things would be possible was crazy, and indeed, many did. Each of those little incremental evolutions were in fact revolutionary, but you just couldn't see it because functionality continues to build upon each other bit-by-bit. *If you want to see a revolution, put yourself into a coma for 2 years, then come back and see what's being built on Ethereum, based upon your knowledge of today.* + +3) **You're watching one pot, waiting for it to boil, and miss the fact that dozens of others are boiling over right next to it.** Ethereum is a platform- that means its importance is not just defined by its own technical capabilities, but what is built on top of it, and how those things being built on top of it work together. The growth of that platform's functionality and capability is important, but that's not all that's important. The proliferation of dapps, their interoperability, and growing network effects are all important. And there is now a better plan for how to scale that base layer which just needs to be built out. + +That being said, we need to be deliberate and organized in building out that platform, and I do think the dev team understands this and will do so to the best of their ability. Yelling and complaining about it being too slow here won't really help. Nor will simple comparisons to existing software development models (move fast and break stuff in an Agile approach) for less mission-critical systems. Start comparing Ethereum to the progress of other projects in the sector, and then you'll see we're not too far off track. + +I will close with this quote: + +> Most people overestimate what they can do in one year and underestimate what they can do in ten years. +> -Bill Gates + +I don't know how many of you will be here in ten years, let alone one or two years, but I think it will probably be worth the wait. +&#x200B; + +https://preview.redd.it/k1pqtuy8vv2a1.jpg?width=765&format=pjpg&auto=webp&s=c7e94802b471ab12d76b3eb651e15c050b69e123 + +You may have read of GME shares disappearing from UK funds this morning and then reappearing later. I called HL to get their explanation. See image. + +Yes, DRS is definitely the way. Unfortunately UK pensions can't be DRS'd. I hold shares with Computershare but my pension is by far my biggest position and is stuck within my SIPP fund at HL. + +Final thought, who was trading a large block of GME shares this morning during the "Grey Market Period"? Who would be buying or selling large volumes of our stock a week before earnings, large enough to want to do it offline so as not to affect the price? +Hey everyone, I upped my charts to now include sentiments and each mention also include comments now. What's sentiment? It varies from person to person but my parameters are +100% or -100% and of course in between. I then do some third-grade math and find the weighted average. The higher the percent, the more positive, the ones around 50% are more neutral and followed by negative. I think I'm going to do this every Thursday for this group, I'll try for Mondays but no guarantees. + +&#x200B; + +https://preview.redd.it/mgtoywq1tun61.png?width=1702&format=png&auto=webp&s=af7fe2d494830304928b16de301c330b9939934b + +Remember this is just Data and you should always do your own research as well. +My partner and I are having a bit of a dilemma with whether it makes financial sense to spend more money on rent (for what is essentially our dream property, the only downside we could name was the wallpaper in the hallway wasn't to our taste...) when we live in a perfectly liveable place, with no _real_ financial goals? + +For context, we currently pay £775 for a house in a great location, with enough space, but it's quite meh. A place has become available for £1400/month that gives us everything we would want, but is a big step up in rent. (In York, btw, in case that changes people's perception on housing costs?) + +Other financial info, I've got an income of ~£55k and my partner has an income of approx £10k. I usually end the month with ~£650 left over without any budgeting whatsoever (and a pretty frivolous approach to spending money...). Running the numbers, it looks like we'd still have ~£150 left over when we went through an average monthly budget (council tax, bills, streaming services, phones, subscriptions, etc.) so it's not like we'd be getting ourselves into debt, or living outside of our means, but we definitely won't be saving much (any?) money. + +More context, my partner doesn't have much in savings (~£1500), but I've got about £20k. £10k in premium bonds and £10k in cash; this could definitely be working better for me, but I don't want it tied up in S&S when I _might_ need to be liquid (we've talked about moving abroad at some point, but there's no more plan than that...). We've talked about buying a house, but it feels so far out of our reach at the moment, for the kind of property in the location we'd want. And the responsibility of owning a property when we have _some_ intention of leaving the country. + +So, from a financial point of view, is paying £1400/month a silly decision with our current income and (lack of) financial goals? Or does the fact that we aren't planning on doing anything else with our money mean it isn't as silly as it first seems? + +Thanks in advance. +How has optimising your personal finance situation helped you achieve your goals? + +As someone new to the world of S&S, ISA's, LISA's, and just how difficult it's going to be to get a mortgage it can seem like an up-hill slog, and could do with some feel good motivation. +Hi all, I'm looking for some advice from people with more financial know how than myself. + +Within the next 4-6 months my partner and I will need to move into a home of our own however we do not know whether to rent for a few years before going for a morgage or to go for one now. + +I am 23 years old and on a salary of £28K, and have 10K in savings. My partner is still a student and has no savings or reliable income at the moment. So any mortgage would be solely in my name. + +Obviously looking at those facts a mortgage is off the cards, however I am a member of the UK armed forces and have access to the forces help to buy scheme which allows me to borrow 50% of my salary, interest free for 10 years for buying a house. Potentially I have £23K for a deposit. + +I would like some opinions on what would be best to do in my position? On the one hand we could rent a one bed for a year or 2 and gain more savings, but I've always seen renting as a waste of money which could be better spent on monthly mortgage payments. + +I think my main question is, would I be better off getting a mortgage on a 120K home and then moving to a bigger home after 5 years (ish) OR would I be better off renting and then getting a mortgage on a more expensive home on 3 (ish) years? + +Any advice would be greatly appreciated. +Hey guys, +Im a single person going life alone, and have finally saved up a small deposit. What is your take on buying an apartment in the CBD? Pros are that I can afford it and would love to live alone and finally stop sharehousing, proximity to public transport and I kindof like city life. Cons are I don't know how much it's gonna cost me to deal with a body corporate, I don't have confidence in the quality of buildings built post year 2000s, and I dont know what the world will be like after the pandemic (if I want to rent it out or sell it, will people even want to live in the cbd anymore?) What are your thoughts? Anyone done this before? +I'd be interested to know what people's perspectives and opinions on this are. They say people don't look back and wish they worked harder, but I'm sure people also look back and say they should have valued X more at the sacrifice of Y (e.g. saving over having fun). How do you balance living what people would consider a good life while also managing your finances and reconciling those differences? + +(Anon in case I share any personal details) +Hi Reddit, + +Bit of background 18M, working full time and looking to get a car (living with parents) + +Should I finance a car? The car I am looking at is around 200 a week and down payment of around 2k or more if it's a better idea (not sure). + +&#x200B; + +I have two options with all pros/cons I can think of: + +1. By the car outright. I'd be saving for at least 8 months based on my budget, and saving a lot, more than half my salary. I don't have many expenses other than expenses for my current car (my parent's), boarding etc. +2. Finance a car. I'll have money for other stuff. I've always been against debt but now the time is here it seems better to pay over 3 years rather than saving every dollar I possibly can. + +Am I missing something? I don't want to make a stupid decision at this age. My job has reliable income only thing I can think of to go wrong is COVID lockdowns, which even then seems unlikely. + +Please let me know those more experienced! + +&#x200B; + +Thanks :) +Howdy AusFinance 👋🏼 + +Out of curiosity and due to my current situation, I want to know if anybody has successfully quit a crappy job and started a business that then generated enough income to pay your bills and beyond. + +I’m young, in a relationship and have relativity low expenses in a major city. I have 5 figures of savings/emergency funding. I have previously run a business but due to COVID I realised that the type of service never really had stable work and clients treated you like garbage (photography) + +I’m just in a place where I need an out as the job is demoralising and depressing. I guess I’m looking for someone to say “jump pussy, you won’t” but also looking for contrary advice. + +Many thanks in advance for words of wisdom and advice. +Recently my friend tried to send money (several times) from his HSBC account to binance and it was blocked. + +It turns out HSBC doesn't allow payments for cryptocurrencies. They also banned buying microstrategy stocks. + +I'm so shocked they have the audacity to do this! Surely this solidifies and shows the importance of decentralisation in crypto. + +I also found out ironically that they helped money launder for drug cartels in Mexico. + +If you are still using this awful bank please do yourself a favour and switch. +I'm new to this, so I want to ask it here to be safe. + +How dangerous is it to sell nakes puts for tsla at 600 with a 3 DTE and a premium of 2$? + +It seems unrealistic for it to drop that far in 3 days. +I understand when an iron condor is lost you convert it to iron butterfly. Do you wait until expiry to close it? Or if you got a lot of time left on the condor, do you wait until price makes a return and hits your short strikes then close it? + +What is the best way to take a loss and mitigate as much damage as possible? + +Any help is appreciated, thanks in advance +What determines the delta of an options? I understand gamma effects the way it changes, but where does delta come from? + +Also is a 10 delta always a certain percent otm or itm, or is it relative and the percent otm or itm is effected by iv? +I’ve traded quite a lot this year and the fees adds up. I’m on TD Ameritrade so it’s 0.65 per trade. Is it possible to ask them to lower fees? I’ve heard this has been done before on some other platforms. +I cant wrap my head around these guys trading style. i've watched quite a few of their segments now and they claim few things (which also seem clashing): + +- They are "contrarian traders". They short into strength and long into weakness. They think trading with the trend is shit and technical analysis (even support and resistance) is garbage. + +- They don't care how you choose directional assumption because it is all random at the end and you can't predict what the market is gonna do. + +thoughts? +My gf was the only motivation I had and it seems she will break up with me soon. + +I've been doing and I'm still working and doing overtime non-stop like a slave without buying anything for me, just for her and sending all my money to my inverstment account for thetagang strategies to be able to quit my job in 5 years and retire. + +&#x200B; + +And now what? I see no point in life now. Maybe I die soon without girlfriend and without having been able to enjoy of my money, everything will fade away like dust. + +&#x200B; + +**What's the point of making money if you can't share it with the people you love?** +I own 100 shares of ENPH at $131. I chose to "Sell to Open" 1 Call that expires February 11 at a $141 strike and received a $985 premium. The stock is at $143 at time of this posting. In my account, the **shares show a gain of $1,171** and the **option shows a loss of $243**. + +It was my assumption that I could collect the premium and then sell the 100 shares at $141 after expiration, assuming the price was above that, or collect the premium and then not sell the shares if the price was under $141 at expiration. + +Now I'm wondering if I misunderstood and thought I could double-dip in some way. It looks like I can "Buy to Close" the option for $1,260. The difference between this price and the $985 premium must be the $243 loss that's shown? (price is fluctuating between screen changes so this math isn't perfect.) + +If I "Buy to Close", I'm assuming I have to pay the $243 to buy the rights to the shares from myself, but then I can keep the shares or sell for whatever the price is? + +What happens if I hold onto the option until expiration and the share price is well above $141 at that time? + +THANK YOU +Sorry if this covered elsewhere, but I didn't see a page on the wiki for options trading platform recommendations. + +I've been with Schwab for a long time but only recently applied for options trading approval. They've been processing my application for weeks and I'm growing tired of waiting. Can anyone recommend a quality options trading platform which might be able to get me up and running without all the bureaucracy that seems to come with a Schwab account? + +Edit: thanks for all the recommendations, Schwab finally approved me this am but I’m gonna check out TOS and tastyworks as well +So I have been wheeling stocks for about 3 months now and while I enjoy doing it the returns are fairly average. Now my investing time table is about 4 years and I was wondering if anyone had any data on wether wheeling provides a better return than simply buying index funds. Now I know everyone says index funds are the absolute best long term but the issue is with such a relatively short time table I am looking for steady but decent returns no matter what market we are in. I don’t want to be stuck in a situation like 2007-2008 or even further back in 1998-2001 where it would take years for my portfolio to simply recover. Thats why I want peoples opinions on wether they think wheeling will beat the market in the next 4 years as well as if their is some combination of the two strategies like for example buying qqq and selling covered calls on it. +Trading a small account, around $750 right now. Since I can't really do the wheel on worthwhile stocks, would growing a small account mainly consist of credit spreads, long calls and short puts? Is there a better strategy for growing a smaller account? Thanks for the help boys +Hey TG, I sold an iron condor on Tesla (boomer stock, great for ICs!) last month before the run up and couldn't be bothered / work was too intense to repair it when it became tested (I know, I know...). + +My call side is 960/970 expiring 11/19. With the downward move today, I thought I would hedge with weekly put spread at 930/940 to at least snag $800 against the $10,000 I'm at risk of losing with my original IC. + +My question is basically how would I best know when to: + +1) Roll or close my 960/970 call spread expiring 11/19 + +2) Roll or close my 930/940 +put spread expiring 11/12 + +I've accepted defeat here with my WSB like behavior, but if I can weasel out of it on another red day, I'll take it! + +Most importantly, I don't want to mess this up and manage to lose $20,000 somehow if it blows below $930 this week and then runs back up above $970 next week or something. + +Anyone feel like nerding out a bit on how to play this the next few days? + +TIA! +Im thinking about a strategy about selling 0 DTE puts on /ES. + +If I close it early I have to buy a put which will significantly reduce my profits. If I just let it expire OTM, then I get to keep all the premium. + +Why cant I just let it expire and keep all the premium vs buying a put and closing early? +I’m still in the process of learning options but wanted to see everyone’s input on selling SNAP ccs. This would be my first time playing with options and to me it feels like a pretty good move due to SNAP’s situation. +This would be useful for me for trading spreads, I would hate for a the short leg of a debit spread to get assigned, and then my long leg goes OTM. I am on TD Ameritrade btw +I've always been told you want to sell options when iv is high, but from time to time I see people selling options on stocks with iv less then 40, aapl is a stock that comes to mind with lower iv that I see people selling options on. If one could explain why they are doing this that would be awesome. +Welp, first week wheeling with AAPL was last week and it didn’t go so well (picked a really bad week to start on it lol). I was assigned 100 shares of AAPL at $133, with my cost basis now being $132.28 due to the premium that was originally collected on my CSP. + +To sell above my cost basis, I currently could collect a mere .20 in premium. Do you think it is best to still sell a call right away and collect this little bit of premium or should I let the stock ride for the rest of the week and wait to capture higher premium for this strike if we see a move up in AAPL? +Why do people like to sell options naked instead of spreads? Even if you trade with a directional bias? + +&#x200B; + +\- Spreads require less buying power + +&#x200B; + +\- They’re a very forgiving strategy + +&#x200B; + +\- It’s a defined risk trade + +&#x200B; + +&#x200B; + +To me, let’s say you could sell a put naked with a max profit of $1000. + +&#x200B; + +&#x200B; + +Or + +&#x200B; + +You could sell a put spread with a max profit of $100. + +&#x200B; + +&#x200B; + +Wouldn’t you rather sell 10 put spreads for a max profit of $1000 over a naked put? + +&#x200B; + +It requires less buying power, is defined risk, and is more forgiving? + +&#x200B; + +What are everyone's thoughts? Thanks so much. +These things are very subjective, but looking to get some guidance on a firm mattress. + +So we’re looking at replacing a double and king mattress and there’s a ton of options (and cost!), ranging from Simba to Hypnos to John Lewis. Given covid I’m reluctant to try them out at the moment. Is it with splurging on a £1,500 Tempur or something cheaper like an Emma? The YouTube reviews seem like an infomercial. +Hi All + +My partner took out a 49 month PCP agreement on a BMW M1 series. We are now in month 48 and his agreement expires next month. + +His bubble payment is £6,000 and he cannot afford that, and neither can I. Because he is utterly useless with his finances, his credit rating is appalling. He has, however, kept up with the monthly payments for the car for the whole 48 month period. + +The car is worth far more than £6,000. I wondered if anyone could advise me: + +1) Could he give the car back, cover the balloon payment and make some money? +2) Could he give the car back, cover the balloon payment and put that towards another car on a PCP, despite his credit rating? +3) Any other options. He could buy it for £6,000 and loan the money but I’m not in a position to help him with this. + +Any help would be greatly appreciated. I am at the end of my patience with his terrible financial organisation. +I'm doing really well paper trading spy. I've been profitable every month since August. Took the account from 8k to now 21k. + +A big difference that i can see why im so successful thus far is risk management. But paper trading really takes out the emotional aspect of trading. Which is probably another reason why im doing so well. + +Although im very hesitant, Im tempted to return to normal trading with a 1k account to start. What do i need to know/do? +Just curious as to why peole chose day trading instead of swing or trend. Seems day trading is the most riskiest of the lot given its volatile nature and overnight risk doesnt seem too bad given a diversified portfolio. It also seems the hardest given price action seems more reliable on longer time frames +As the title suggests, I paid the most attention to AWX today during my first bout with day trading. I bought in at $6.10 a little after the bell and got a little jumpy (dude to inexperience, as you’ll note in a second) and sold when it hopped up to $6.60. I was pretty pleased with the $50 I made on the trade until I literally watched it go up to $7.45 maybe 10 seconds later. After I watched it peak and valley a little, I bought back in around $7.79 thinking it would keep pushing. I watched it fall and chickened out at $7.35 or so and called it a day, fairly pleased to close out my first ever experience in the, albeit modest, green. Now, I’m not saying I’m crushed or anything... but that price closed at $17. + +Overall experience: 10/10 would do again. Would you experienced guys think about buying in at $17 still, or is that jump too extreme, and could it start dipping back? The stock has been on an incline for the last week, at what is now a pretty good price jump for anyone who got it early. I’d love to hear anything that you all could offer. Thanks for reading! +Every retirement calculator I have come across decides how much money I'll need in retriment based off of my current salary. I got lucky and have a high paying job for my age, but there's no guarantee that this income will continue into the future. But the high income leads retirement calculators to make absurd projections (e.g. needing $20,000 a month in retirement). As a result, these calculators are functionally useless for planning + +Is there a retirement calculator that allows \*me\* to decide what my target is rather than automatically calculating it for me? +This post is part of a monthly series that will continue indefinitely provided that this practice is still seen as relevant to the subreddit (and that I have the desire to do so). I suppose this is my way of giving back to a community that helped me tremendously. Plus, it helps me keep things mentally organized. + +I am retired (June 6 2017 @ 38 / former retail pharmacist who hated his profession / married with no kids / LCOL / very fortunate yet determined) with a planned 3% SWR on a starting value of $1,025,772 (AA: 60% VTSAX / 20% VFWAX / 20% VWLUX that will convert to VBTLX at the next harvest; plus roughly $400k in house, land, and personal property not included in the portfolio). This works out to $2564/month, or $2064/month plus $6000 yearly in lump expenses that make monthly totals too volatile (e.g. vacation, property tax, professional license tax, Xmas shopping, car insurance, small emergency buffer). + +I am considering a retroactive switch to a target of $2500/month ($2000/month + $6000/year lump) and viewing the starting balance over $1M as a separate fund to be drawn from without guilt (with the discipline to understand that once it’s gone, it’s gone). I place no dependence upon supplemental income (future employment?), social security ($10k/yr?), inheritance ($500k?), house equity (even with no heirs), universal health care (probable?), or universal basic income (possible?). The final balance will be left to charities. + +If the year-end value is higher than the starting value, I might recalculate a new 3% SWR value and go forward from there since 3% is well within historically safe territory. If you think this strategy violates Trinity, keep thinking until you see how the 3% starting point should tell you otherwise. I might use instead (and keep using each year) the separate fund technique that I described earlier, until the first bad year hits or until $30k/yr is no longer a viable spending goal due to inflation (lifestyle or purchasing power). + +This month's spending was $2491 (down from $3148), including $500 from the lump expenses, which is $73 under the targeted amount (3% under budget for the month; now 3.6% over for the year). We brought in $1106 from my wife's part-time job at the library (which she likes and would do for free) and some old book royalties of mine (google if interested). Our withdrawal was $885 this month, which is effectively a 1.04% pro-rated SWR for the month, putting us at 1.58% pro-rated for the year. The portfolio went from $1,043,755 to $1,064,353 (a 1.97% increase for the month), which dropped down to a new total of (drum-roll) $1,063,468 after paying the bills (3.7% increase since retirement, after expenses). + +I am bored to tears with discussions on safe SWR, COL, UBI, ACA subsidy ethics, Trinity, insurance, health care costs, what-if scenarios, financial doomsday preppers, crystal balls, investment strategies, side hustles, lifestyle inflation, market corrections, frugality tips, tax avoidance, and even the acronym FIRE. When you’re new to the topic of early retirement, all of that stuff is very exciting. When you’ve run the race and crossed the line, not so much. This is a public forum, and I’ll likely read what you have to say, but please don’t expect much in the way of a response if it’s a question that I or someone else has answered a million times, especially if you’re just offering an unsubstantiated claim about my personal situation that demonstrates willful stupidity. I am however willing to clarify anything and discuss topics I find to be of more interest. I genuinely appreciate all the congratulations and well-wishers. + +Financial thoughts for the month: I finally received my rollover check and sent it to Vanguard. At one point I had lost about $10k from being out of the market for six days, but the market sharply corrected the day that my check arrived and nearly all of that amount would have been wiped out. I switched the small-caps I held for twelve years over to the total market fund once the funds became available. That decision already cost me over $10k in earnings this month. Such is life. Spending was considerably down this month due to making no large purchases other than $500 for a quick vacation to Florida (which came from the lump sum expenses). My investments are now at an all-time high. I continue to question my allocation. I continue to ask myself if I should move away from what I perceive to be an overpriced domestic market and more toward the international funds. + +Experiences for the month: Our power line was hit by lightning and caused $400 in damage to the garage door opener, modem, and ooma internet phone. Comcast had to come out and repair their underground line from that as well. I’ve been listening to more music, particularly the multi-channel SACDs that I picked up before they went out of print (a good investment by the way). I’ve also read a bit, watched more movies, cooked a bit more, went park hiking twice, did five runs between 13-15 miles (40+ mpw), visited an arcade, visited a golf range three times including my first (and perhaps only) lesson, played some old PS1 games that I bought long ago and never got around to enjoying, re-watched Parks and Recreation, visited my parents more, and became a volunteer tour guide and paleontologist assistance at The Middle Tennessee Natural History Museum. + +Plans for next month: I’m gunning for a 1:26 in a half-marathon on the 14th, which gives me a chance at 3:00 in a full-marathon this December. I’ll be doing more volunteer work at the museum, getting back into painting, playing some of the longer PS1 RPGs (Xenogears, Dragon Warrior VII, Final Fantasy V, Chrono Cross), possibly starting on my cabin building toward the end of the month, possibly starting Game of Thrones, and whatever the fuck I want. + +My parents are helping my sisters new boyfriend of 2 months by taking out home equity to buy a used semi truck. I don't know much about the trucking industry, but he does not own the truck he currently drives for. He has been looking to buy his own truck and found a place that said there was 0% interest on the trucks. My mom said there is a catch and that she would take out home equity for a loan so he can get one at a low interest. I told her it does not sound like a good idea but she told me she is protected because my sister will be on the trucks title and it will be notarized that he is the one paying on it. + +That is about the gist of it. It's hard to get more information from her without her getting defensive and causing and argument. Is this a bad idea or am I just overreacting? +MSFT maybe getting a hand on red hot social media app and entering lucrative ad business. + +https://www.reuters.com/article/us-usa-tiktok-bytedance-exclusive-idUSKBN24X3SK +Before I start, I am using a throwaway account as I do not want this post to be on my main account. + +Hi, recently my bank account was frozen because someone claimed I was credited fraudulent money. + +The story begins when I was trying to sell an old computer part a few weeks ago, the value was only around £50 and a buyer (on Facebook marketplace) asked if I would post it and he would send me the money for it via a bank transfer, I agreed and I supplied him with my sort code and account number. He then sent me the money and I posted the item, All was good I thought. Until a few days go by he claimed the item has never arrived but the Royal mail tracking says it was signed for. We waited about 2 weeks and he continued to say that it was not there so he had me open a claim with the royal mail, I did this and they told me it could take a few weeks, I told him that but he said I was pressuring him into waiting and said he was going to have a bank reversal done. I thought nothing of this as I haven't done anything wrong as far as I am aware, until I found my current account was missing in my banking app and I was unable to withdraw cash, I phoned the bank and they told me that they were doing an investigation of fraudulent credit and I won't be able to use my bank account for about one month. + +&#x200B; + +I find it a bit strange that they have hidden my current account and won't let me spend the money in there, the accusation is for £50 so surely I should still be allowed to use the remaining money in the account? + +&#x200B; + +I am not even sure if he is telling the truth, but for his sake I hope he is as it seems rather sad to commit illegal actions for a mere fifty quid. + +&#x200B; + +My question is, What should I do now and what I could do to prevent people doing this sort of thing to me in the future? + +&#x200B; + +Any help is much appreciated. + +&#x200B; + +&#x200B; + +UPDATE: I have since read most if not all of your replies and I have contacted my banks fraud team and re-explained the situation, the woman on the phone got me an email and told me to send everything I can to it, I obliged and hopefully this will be resolved sooner, At the very least she told me that it should be done by the 15th which is great as I was previously told it would be the 27th July so if nothing else, that's a bonus. The buyer is still in contact and said he is phoning the bank today, I said I thought he already done it and keeps saying that he never phoned them and that his mum had phoned for advice on this situation, so I have no idea if he is telling the truth about that as he is the only person who would claim I did anything fraudulently and he is already un-trustworthy in my eyes, so I will ignore that. +Run through the tape!!! + +Racers are told to run the race through the tape. don't let up until you're a few steps PAST the finish line. + +Please don't let any positive price movement, positive sentiment in MSM, incoming FOMO, or anything else stop you. None of these will move the needle. DRS is the way! let's stay on target. push. push. push. do what we can while we can. We have their playbook now. I think we are in the driver's seat. We just need to DRS. We win if we stay the course. This is the way. + +BUY! HOLD!!! AND DRS!!!!!!! THIS IS THE WAY!!!!!!! 🔥🚀🌒 +Quick summary: 24M completed my master's recently. I was fortunate enough to land a 50k job which I will start after graduation in the new year. This will be my first "proper" job. + +I'm from a working class family where my parents earn a low combined income. I've never travelled and feel like I missed out on life in general in other aspects as well so far compared to my peers who have way more interesting lives. Given my background I'm not a big spender but I'd like some advice on how to make best of this new income. I read around a lot on this subreddit and went from being financially illiterate to having some modicum of understanding on how pensions and ISAs work. Grateful for this subreddit! + +My question is about what my priorities should be. For the first year at least I'll stay home and focus on impressing my employer. I had thoughts on saving a large deposit by living with my parents and avoiding rent costs but I'd rather prioritise gaining new experiences, meeting new people and what not. My early 20s flew by and I have barely any highlights to speak of. + +I know about budgeting "fun money" but I guess my question is how large should this budget be at the expense of saving for a house and possibly looking after my family at the same time. + +Also should I create a savings account in addition to investing in index funds in an ISA or dump all of my money into the ISA? + +Thanks :) +Compare the market offer an incentive when buying insurance that is a 2 for 1 on cinema tickets on Tuesdays and wednesdays and 2 for 1 meals from selected restaurants on most days (some restaurants exclude weekends). + +You can get access to the incentive by making any purchase. If you purchase a travel insurance for a trip you don’t even plan to go on you will still be eligible. I purchased a travel insurance policy to go to Wales for £1 and now I have access to 2 for 1 cinema and meals for the whole year. + +For the price of £1, even if you were to use it just once in the whole year you’ll still save around £10. +I have been in credit card debt ever since I was 18. I bought my very first car 4 years ago and have had HIGH car payments this last 4 years. My loan was due in 4 months and I paid it off before hand! + +Today I am 28 years old with a better position and moving up even sooner ! I am blessed and thankful I have made it this far! Next step is paying off the rest of my credit card debt and purchasing my very own home with my boyfriend ! 🥳🥳💕 +Background: I just turned 50 and could easily Lean-Fire or better now but am planning on working until exactly 55 as my company will supplement my health care premiums for the rest of my life if I work until at least 55. + +&#x200B; + +My problem is now that I have that set date in mind 5 years out its all I can think of. In a way I just want to fast forward to that date and be done with it. + +&#x200B; + +Does anyone else here feel this way? The idea of of wanting to bypass 5 years of your life just seems not a mentally sustainable thing to keep obsessing over. +This is honestly textbook supply and demand at its finest if you think about it. 25% of the float simply can not be touched, along with more than 50% of volume being sold short would make the demand for this stock being incredibly high with the supply dropping every day. + + +How is it possible that borrow rate is so low? Just how can that be possible WITHOUT crime. Please I need a wrinkle. +Just a few quick thoughts (serious). + +I think that the "flippening" is already happening. I guess what's sort of surprising about it is the huge amount of bitcoin owners that aren't selling what they've got. It was obvious from after the ETF got declined that it was going to crash and burn, but they got a whole lot of second chances. When the price bounced all the way back up to 1200 despite the fundamentals of the coin being destroyed and the potential of future acceptance and adoption being decimated, those people should have realized right away that it was gonna go down. I don't feel sorry at all for the people still holding. + +It is going to go wayyyyy down, simply because there is nothing good going for it. If they are too ignorant to see it when there are so many other great options available (okay okay I hate Dash as much as all you guys but they could have sold their BTC and bought Dash anytime this week and would have been just fine). Like I lost a ton in the ETF thing but then bought into ETH after because I saw strong potential and it was beginning to do quite well, and that value tripled. How anyone could hold on to a failing asset when such great things are going on around them is insane. A hardfork which will bring the value down a ton, Chinese regulators bringing more rules and regulations which may damage the Chinese market, as well as lots of exchanges where people are stuck with their Bitcoins and may end up selling and withdrawing as soon as they get the chance... all ETF's within the foreseeable future getting declined due to the reasons listed in the SEC decision. I tried explaining this stuff to people in Bitcoinmarkets which I used to read through a lot, but they just deleted what I said because I had posted in EthTrader in the past. + +Meanwhile, ETH has been doing incredibly. Like guys even with the substantial drop today, look at how far the value has increased. It's not even the value I'm excited about, but more so all the awesome stuff happening. I did a lot of research into this and you guys are not kidding when you say there are lots of great things ahead for Ethereum. I loved the idea of the ENS (Ethereum Naming Service), and although I am reluctant to get involved in hardforks because of the whole BU fiasco, Metropolis seems AWESOME. Like I got so excited when reading about Metropolis because there are so many great things to be added and then I am not as worried about a fork happening with ETH because there is agreement that such a change would be a whole lot better. + +Overall there is just so much great stuff going on for ETH, and on the short term, sure, some of us may have lost some money today. Without a doubt actually. Don't blame yourself if you panic sold earlier, the price was plummeting, generally the decisions we made all made sense to us at the time, and that's okay. But seriously, just appreciate this awesome technology and the really cool and amazing thing you get to be a part of. It is really cool, and with all of the businesses and some banks backing it in the EEA (Ethereum Enterprise Alliance), I see an extremely prosperous and bright future for ETH as all of the big money comes in and really makes great applications for this stuff. + +Although sure, ETH lost a big chunk of value today, and contrary to what some crazy people think, losing value isn't a good thing to me, but come on people - ETH has a really bright future and things are looking great. Have fun with trading and enjoy the ride. If you are invested in ethereum, you are invested in one of the most groundbreaking technologies there is right now, and it is sure to leave a huge footprint. This thing could go big or bust (I think it's going to go REALLY big in the future, even now this growth has been amazing), but it's great that we all get to be a part of this. + +Now as some last notes, I know the increase in price has been extremely rapid. Yeah, it has been. And to some it may be too fast. The rapid price changes may have caused a lot of people to lose value or money. I'm sorry for that. But if you want to invest in a reliable cryptocurrency that has lots of room to grow and will flourish with time, look no further. Ethereum is going to go up quick because it has HUGE momentum right now and although it tanked today, it's already on its way back up. This isn't a currency like DASH where it's getting pumped and then people forget to dump later on, this is one which legitimately will make an impact in the world and is gonna be massive in the coming years. + +Lastly, BTC is going down. Seriously, get out while you can. I'm not gonna even bother posting this on any BTC subs even though they're the ones that need it the most, but if you hold your bitcoins (yeah yeah I know the hodl meme), you are going to lose SO much money. Considering the very bleak future for that I don't see it ever going much higher than the ATH ever again. Like, ever. Forever. Never. What word describes this properly? What I'm trying to say is that Bitcoin is going to die now. It isn't going to be as rapid as today perhaps, but with basically a crippled system, extremely poor economic outlook, and no actual functionality, it'll be obsolete real quick. + +So yeah those are my thoughts on ETH and BTC at the moment, didn't really address the other coins much cause I haven't investigated them as thoroughly yet. Hope this gives you all a good idea on the ETH and BTC situation, and where things currently stand. Also hope you get something out of this more serious analysis rather than me messing around which I do from time to time haha. + +Alright everybody, I'm interested in hearing what you think below. Otherwise, have a great night and good luck trading/holding/selling and never looking back! +Just sold a cryptocurrency that I was SET on holding. My ignorance lost me ~$13,000 from my ATH in just a few days. I’m new to investing in cryptocurrency. I’m chalking it up as a learning experience. Glad to be here. +Past performance is not indicative of future results. Although true, it’s so tempting to speculate. There does seem to be some pattern of euphoria and despair that repeats itself. There are the same winners and losers every iteration. The strong win, the weak and new lose. The new learn and become winners or sell if they can’t stomach it. The OG’s stop posting and live in [Puerto Rico]( https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html) + +[With the magic of Google you can revisit memory lane in 2015]( https://www.google.com/search?q=bitcoin&tbs=cdr:1,cd_min:Jan+1+2015,cd_max:jan+20_2+2015&source=lnms&tbm=nws&sa=X&ved=0ahUKEwjA0r6QtZHfAhUDhuAKHZtwBaA4ChD8BQgOKAE&biw=2560&bih=938 ) This is a time when Bitcoin went from over $1000 to ~$170. Keep in mind what was going on during this time + +- Massive fraud/stealing/incompetence with Mt. Gox +- Crypto was widely perceived as drug, and mercenary money. +- The public also perceived it as a Ponzi scheme, or “tulips”. + +Bitcoin hasn’t changed much throughout this process. Yet it’s core principles and technology prevailed. Ethereum and this space is in a much better position than Bitcoin was. Bitcoin has overcome much worse odds than Ethereum is facing now. + +One of my rules of thumb is + +>“Is Ethereum better off now than it was during the all-time high?” + +If the answer is “yes” than I buy. I also ask myself + +>"are current issue's more insurmountable than Bitcoin in early days?” + +If no, I buy. + +I’m prepared to wait years, and times like this are an opportunity to accumulate. In the off chance this project doesn’t work out, I’m OK with that because I didn’t overextend myself. Bitcoin was at $1,100 in November 2013, and only exceeded that price in April 2017. Are you willing to wait that long or longer for Ethereum? I am. + + +I’m 26. Most immediate family is now dead, and it’s just me and my grandma now. My grandma stays with her sister and I sleep at my ex’s house (with her parents) because the house I grew up in is now almost condemned with no heat, electricity, or plumbing, so I’m very very lucky in that I have a warm roof and free dinner most nights. + +My car is pretty fucked up and I can’t drive too far, let alone out of state. Obviously can’t afford to fix it. Lucky me to inherit a Volkswagen. + +Only places I drive to are work, supermarket, bed, and the old childhood home; I also recently inherited my late aunt’s cat (who is still staying there), and I’ve been desperately trying to find a way to keep her warm beyond a heating pad on a timer. I never could’ve afforded her but now I have to. + +Oh yeah, and there’s bedbugs at the old place, which is why I don’t just sleep there. My ex and her family have been more than understanding and they’re literally the only thing keeping me from living in hell. + +I’m just tired of the lack of privacy, the lack of agency and autonomy, I’m tired of feeling like a 2nd class family member in someone else’s home. + +I need to connect to another human being that gets me. I need to love someone. I need someone to love me. +I need someone to see me, accept me, and love me. + +I haven’t had that in so long and it’s getting harder each day. Can’t even go out on dates because time and energy is stretched so thin and the weather is shit and I have no place of my own. + +I’m just so tired of it all and I need to know how some of you who might be in similar situations cope with this. + + +**UPDATE** + +TL;DR: Shit sucks bad rn, but I’ll get through it. + +I appreciate all the kind responses and advice, genuinely. A few things I should mention: + +**The house**: when I say it’s “almost” condemned, it’s because no inspector has come and marked the place for demolishment. Yet. There’s mold, standing sewage in the basement, broken cast iron pipes and 1960s electric all throughout the house, a red tagged boiler, not to mention the asbestos flooring/siding and rotted plaster walls. Most likely lead paint too. And the bed bugs. My grandfather was also facing foreclosure, and nobody has the 40k he owes on the mortgage. Grandmother is currently trying to fight it, but we’re likely to lose it. I’ll cross that bridge when I get there. + +**The car**: As much as I hate the cost of maintaining a Volkswagen I do love this car. My father is a mechanic, but he lives on the other side of the country. We went half on everything I need to fix the immediate brake issues I’m facing for Christmas plus a gifted toolset, so I’ve been thankful for that. He’s not around but he still helps when he can. It’s a Golf 2.5 and it’s got a bulletproof engine, and since it’s just now hitting 80k, I’m probably gonna end up living out of it instead of selling it. + +**Work**: I work part time so I can keep state health insurance. Couldn’t afford to buy my own during lockdown, even with my previous job at the time. Then I got laid off, and since being rehired I’m now putting in an application to go full time. Especially since my hours got cut from 20/wk to 12/wk. Hoping it goes well. + +**The cat**: I visit twice a day to feed her, change her litter, play with her, and reset her heating pad. It’s literally the best I can do right now. Every single person I know is either allergic or already has pets. + +**Other**: for living at the ex’s, I pay the electric and help around the house when I can. Beyond that it’s incredibly uncomfortable due to so many differences because we come from somewhat opposite/opposing backgrounds. I take what I can get and try and keep my mouth shut on certain topics. Me and my ex still deeply love each other, but we are not good for each other. Had to learn that the hard way. + +I do have friends and family who love me, unconditionally. It’s just hurting really hard right now dealing with the lack of romantic love, and touch. Being held and feeling safe, more than anything. It looks like I have to put that aside for now, by keeping busy. It sucks, but I have to stay sane somehow, right? + +Again, thanks. +Reminder to dispel confusion around your rights as a tenant. + +For properties in England, the Tenant Fees Act 2019 means that in addition to rent, lettings agents can only charge tenants (or anyone acting on the tenant’s behalf) the following permitted payments: + +1. Holding deposits (a maximum of 1 week’s rent) + +2. Deposits (a maximum deposit of 5 weeks’ rent for annual rent below £50,000, or 6 weeks’ rent for an annual rental of £50,000 and above) + +3. Payments to change a tenancy agreement eg. change of sharer (capped at £50 or, if lower, any reasonable costs) + +4. Payments associated with early termination of a tenancy (capped at the landlord’s loss or the agent’s reasonably incurred costs) + +5. Utilities, communication services (eg. telephone, broadband), TV licence and council tax + +6. Interest payments for the late payment of rent (up to 3% above Bank of England’s annual percentage rate) + +7. Reasonable costs for replacement of lost keys or other security devices + +8. Contractual damages in the event of the tenant’s default of a tenancy agreement and + +9. Any other permitted payments under the Tenant Fees Act 2019 + +The Act also states that agents and landlords don’t have to pay back any fees they have charged a tenant before 1st June 2019. So, if an agent or landlord requires a tenant to pay a fee linked to a contract that started before the ban came into force, such as check-out or renewal fees, they can continue charging those fees until 31st May 2020. + +Rightmove: https://www.rightmove.co.uk/news/articles/property-news/what-does-the-new-tenant-fees-act-mean-for-you/?utm_medium=email&utm_source=campaign + +MSE: https://www.moneysavingexpert.com/news/2019/01/letting-fees-to-be-banned-from-june/ +Just started working full time time a few months ago as a Corporate FA. I've met a lot of people since starting my job that have taken interesting career paths to get where they are. You always hear "if you want to do x one day, you HAVE to do y and z for 3-5 years". What has been your career path, and what did you learn from it? +[Here's a link to the CNN article.](http://www.cnn.com/2012/04/04/business/wolfson-prize-jurre-hermans/index.html?hpt=hp_c2) + +Here's the part I don't understand: + +>Jurre, the youngest entrant to the prize, proposed Greece should leave the euro, with the Greek people slotting their funds into a bank "exchange machine" and getting drachma -- the Greek currency before the country joined the euro in 2001 -- back. +> +>As Jurre explains in his application, the bank then gives the euros to the Greek government and "all these euros together form a pancake or a pizza. Now the Greek government can start to pay back all their debts, everyone who has a debt gets a slice of the pizza." + +How is that any different than the Greek government simply paying back their debts in euros now without exchanging currency? I don't understand how they can essentially buy back all of their citizens' euros and give them drachma, then use the euros that they paid drachma for to pay off Greece's debts. + +As you have no doubt guessed, I'm not well versed in finance and I'm probably missing something crucial here but I just can't seem to wrap my head around how the Greek government exchanging one type of currency for another is a magic fix. They would essentially be duplicating the money, wouldn't that cause a massive drop in value of the drachma? + +You guys know that scene where Bane takes over the NYSE and uses Bruce's fingerprints to dump all his shares of Wayne Enterprises. Am I wrong to think this is complete bullshit and badly scripted? It raised a couple question for me + +1) Wouldn't they revert all trades that happened during the period? Theres no way they'd expect that trade to be honored even before it goes to court, right? + +2) If a large shareholder dumps their trades what would happen if no one is on the other end to buy them? + +3) Do they really use fingerprinting for large trades? This was kinda cool. + + +At this point the squeeze is inevitable. We already know who will win the biggest gains from this: the major shareholders and DFV. + +But there's still another game to win. When the squeeze happens, ONE OF US is going to sell the highest cost per share order. Is it gonna be 5K, 10K, 100K?!?! Who knows. But one thing is for sure, we are in the midst of a pivotal moment in not only financial history, but human history itself. And one of us is going to hold that mighty 1st place prize of "I sold the most expensive GameStop share." + +So ladies and gentlemen, set your sell limits really fucking high and let's see who takes that crown. I am requesting that whoever wins it uploads the picture and they should get a flair for being the luckiest and greediest fucker out of all of us. + +Godspeed, my fellow smooth brains. I'll see you on the moon 🚀🚀🌝🌝🛸💎👐 +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I've been doing some job hunting recently and filled out a few pre-employment questionnaires (no SSN, just name, phone number, address, etc which has been all fairly normal across a lot of legit jobs as well) after completing one for an administrative assistant I received an email (email address name is something along the lines of "Fname123@email" ) from a man claiming to run an Australian based company that is branching to US. + +Part of the email reads: + +" You will be carrying out your first task/errands as we would be needing to pay for some goods & office supplies (you are not buying them). The payment will be arranged with the financial officer who will mail the payment to you before next week runs out, so a check would be made out to you which will include half of your first week's pay as well as the funds to make the payment for the supplies needed which will be your first task/errand. You will deposit the check and once the funds are available you would be getting instructions on how to go about the payment. " + +I have never once spoken to this man in any way shape or form and just received a check for $5,000 with an immediate text/email follow up asking when I will be able to deposit the check. + +There's no way this is legit but I needed to get a second opinion on what to do. +My conversation with my wife's uncle this weekend, I'm preaching Bitcoin. Then he states, "but Bitcoin isn't real." To which I ask. "Tell me when you got your stimulus from Uncle Sam how did you receive it?" He says, "direct deposit. Why?". To which I respond, "how do you know it's real? You didn't receive actual dollars, just a credit to your account. How do we know there are enough physical dollars to cover all the direct deposits?". He says, "we don't.". I ask again, "So again how do we know it's real? They just added some zeros to the ballance sheet and accredited everyone's account. Sure you can withdraw it but Now there is magically more money. And every dollar you have is now worth less because of it. Where as Bitcoin there will only ever be 21million full bitcoins". He didn't respond but I could see the light come on. So I just left the subject there for him to wash rinse and repeat in his mind. I'm sure he'll come around I just hope it's not too late when he does. +***Update: I was able to contact Capital One and get someone who was able to answer my questions and fix things. They are going to reapply the charges and cancel the dispute with Amazon. This is the end of it. Thank you to everyone who provided helpful answers.*** + +This is a throwaway account. Also, I'm in the United States. + +I use virtual credit card numbers on the internet. I received notifications from my credit card app this week for unfamiliar Amazon purchases, one of which was hundreds of dollars. I immediately froze the card and reported the charges as fraud. The credit card company, Capital One, issued me a new physical card, disputed the charges with Amazon, and started an investigation. Capital One refunded me for those purchases. + +I just found out that a young relative accidentally used that card on their Amazon account to order Christmas presents, thinking that they were using a different card. We found out when they got a notice from Amazon saying that there was a dispute with their account, and the charges matched the charges that I reported as fraud to Amazon. Their parents will be paying me back. + +I found this out pretty late at night and called Capital One to call off the investigation and find out how to make it all go away. The investigation is called off (I think), but due to either a language barrier or because this situation was veering off of an obvious script they have for dealing with fraud, I could not figure out if that was the end. I do plan to call back Capital One in the morning so that I can hopefully get an agent that has a better understanding of English or can transfer me to a supervisor so that I can get better answers. + +Should I expect anything to happen to this relative from Amazon, Capital One, or law enforcement? The relative's account is tied to a family Amazon Prime account, so will it affect that as well? + +I just want the whole thing to go away because the charges were an accident and it's being dealt with personally. +One of the biggest traps that I’ve fallen into when working on a budget is giving myself a grocery budget and then only spending that money on ingredients you’ll never use. + +Ideally, it would be fantastic to cook whole meals with ingredients. But, if cooking doesn’t fit your lifestyle right now or you need to make a first step towards saving money on food- there is no shame in frozen food. + +My husband and I would not let ourselves get any frozen foods or “easy foods” when grocery shopping in order to be more “adult” and wise with our budget. But, so many days we’d be too exhausted to cook or not know what to cook and end up eating out. As in a lot of days. + +Example: +Digorno pizza: $9 +2 Meals at McDonalds: $~$20 + +Overall, know yourself! Plan for what is really going to happen. Take baby steps. We cook a LOT now and we’ve gotten wise about getting ingredients for “easy” meals as well more involved meals. This may sound absolutely obvious to many people, but when we started getting realistic we saved a lot of money! + +Edit: just to add as a few have said- slow cookers and instant pots are also great easy ways to cook at home! My main point being that eating a cheap frozen pizza is better than eating at McDonald’s. If you’re stuck in a rut of always eating out then it’s better to take small steps to develop habits then to do nothing at all. So, frozen pizza or whatever can be your stepping stone to eating more economically. + +2nd Edit: A lot of you have really great habits when it comes to cooking/preparing food. And that is fantastic! But, for a lot of people (especially college/recent grads) it can be hard to start grocery shopping and cooking for yourself. I’m not advocating relying on frozen foods. But, maybe for some people (like myself) buying a few frozen pizzas can be a crutch that will help you break a bad, money-eating habit and start to develop better habits. + +Final edit: Thank you all for telling me to learn how to cook. I do know how to cook now and I do almost every single night. But, this was how I kicked a bad habit and developed better ones. It’s not about “learning” how to cook it’s about changing behaviors. You can be the best chef in the world but if you don’t work on behavior modification then you’re not suddenly going to have the discipline to not eat out if that’s what you’ve done for forever. +As the title suggests, I read that central banks want to make their own coin. + +It obviously angers me and we should all not only refuse to adopt the coin should they create it, but we should demand they not be allowed to make one. + +They’ve been getting by making free money every time they print fiat currency for any nation. Ever since people stop trading shit for other shit and started trading money for things central banks have been ripping everyone off. + +It’s funny because at first they acted like crypto was never going to be a thing, then they wanted a piece of the action, and now they want to control it again. I say hell no. + +I’m sure somebody’s gonna tell me to calm down, and they’ll be right, but i’m passionate about stuff like this when it comes to putting the power back in the peoples hands +Not sure if this is the right r/ to post in. So a few months back I started to hunt for a new job because I felt like I needed a change. Found company A, went through the whole interview process, I liked what i saw during the process. Told them from the beginning I had a salary expectation. They made an offer a month ago, I declined it because the compensation was below my expectation. It was just not enough for me to leave my current job and awesome benefits. Coincidentally, I was promoted at my current job right around the same time, which increased my compensation. + +4 weeks goes by, got an email from company A's HR saying that they want to know if I'm still open and want to talk. I replied back to them that I'm still open and I gave them a new compensation expectation since my baseline has since changed due to the promotion. They wrote back and said the expectation was a lot higher than the high end range of the job, but they're willing to explore it a little more and let me know in a week or so. + +Part of my feels like I should've just flat out said I'm no longer interested because I feel like this move on their part appears to be "desperate". But then part of me feel like maybe they just really valued what I can bring to the table. Anyhow, because of the whole thing around what appears to be "desperation" on their part, if they come back and say yes we can meet your compensation requirement, I'm not sure if I should jump ship or not... Any thoughts? + +TL;DR --> rejected a job offer a month ago due to salary lower than expectation. now they want to negotiate. If they can meet my new expectation, should I take it? + +Thank you in advanced! + +Edit 1: Thank you everyone for sharing your thoughts! Many great perspectives and I certainly appreciate it! I thought I'd give a little more background on the existing job and how it compares to the new role, since majority of the people are wondering the same thing. I'm not unhappy with my existing employer, I'm just a little bored with the role. I've been doing it for about 7 years. I'm very good at what I do, that can be shown by the various promotions I've had over the timespan I've been with the company, they're constantly trying to challenge me. Some of the reasons of why I started to explore other career opportunities are: understanding what I'm worth in this job market with my specific background, trying to grow a completely new set of skills, hoping for better compensation. I guess at the end of the day, if something great came along and meets all my expectations, I don't see why I wouldn't jump if the right opportunity came along. I'm not loyal to my employer, in this age, this is not something I think exist anymore among people of my age group (millennials). I know my existing employer wouldn't blink an eye if they had to let me go due to restructuring. This is just how big corporations work... They do value talents and care about talent retentions, as it can be seen with the promotion I guess, but no doubt they'll let me go if they had to due to economy. + +I should mention that the first offer was about 19% higher than my salary at the time. The reason for that is because the potential employer is of a different industry than my existing. Let's call it a higher paying industry. Kind of like how pharmaceutical companies always pay their scientists more than a consumer goods company will, just because the nature of the business is so different. So 10% of the increase is probably because of job difference so baseline is naturally higher, the other 9% is sort of the personal increase expectation for job change. The new baseline expectation I've put forth to them is about 20-25% higher than my current compensation (again, some portion of that is just due to industry pay differences and the rest are personal, especially considering what has happened and now the table has turned). To me, this is the amount I need to overcome the great benefits my existing employer offers, and to take on this new job with all the unknown risks it entails. Basically, starting all over again in a different industry and proving myself all over again. That's sort of how I'm justifying the high increase in compensation. + +Lastly, both companies are pretty big multinational corporation. My existing employer is a lot bigger, I think.. The other one is probably a reasonably sized player in that specific industry/market landscape. + +Edit 2: they could not match my expectation. So no need to make that decision anymore :) thank you everyone for the input. It’s been educational to say the least! +As the year draws to a close, many of us are doing our final checks of our spreadsheets and wanting to take a minute to reflect on what this last year has provided for us and what we are hoping for in the next one. + +Please use this thread to do report anything you want - whether it be a massive success, reaching a mini-milestone, actually accomplishing your goals from last year, or even just doing nothing while time does the work for you (for those in the 'boring middle' part). We want to hear about all that 2020 did for you - both FI related and personally as well. + +After reflecting on the past, we also want to look towards the future. What are you looking for in the new year (or even decade) - what are your goals and aspirations that will help guide you this coming year. Are you looking to finally max our your retirement accounts, get a 529 going for your kid, nearing that next comma, becoming completely worthless, or finally hitting your number and cashing in all the GFY's you can get? + +Edit: Thanks to u/ColorsMayInTimeFade for collecting these. Links to past end of year threads: + +* [2019](https://www.reddit.com/r/financialindependence/comments/egzbu5/year_in_review_2019_milestones_and_2020_goals/) + +* [2018](https://www.reddit.com/r/financialindependence/comments/a89sre/end_of_year_review_2018/) + +* [2017](https://reddit.com/r/financialindependence/comments/7j3ybp/end_of_year_review_2017/) + +* [2016](https://reddit.com/r/financialindependence/comments/3vtxgi/2016_what_are_your_new_year_goalsresolutions_for/) + +* [2015](https://reddit.com/r/financialindependence/comments/2qgeli/lets_get_our_2015_new_years_resolutions_out_there/) + +* [2014](https://reddit.com/r/financialindependence/comments/1tqhao/well_fi_its_been_a_year_with_2014_approaching/) + +* [2013](https://reddit.com/r/financialindependence/comments/15q27h/what_are_your_2013_fi_resolutions/) +I have kept an eye on what is happening with the Chinese crackdown on listed companies lately (Ant/Alibaba, Tencent, gaming, education etc) and I found this very interesting article about how those investments work + +https://edition.cnn.com/2021/08/08/investing/stocks-week-ahead/index.html + +Seems that instead of buying the actual companies, ETFs own shell companies in the Cayman Islands/Bahamas with no real ownership of the companies. +Hi all, + +I've posted and lurked on this sub for quite a while and seen some good recommendations and advice given out, I wanted to ask for advice on my own current situation. + +I've just turned 23 and want to look into moving out into an area within 20 mins pub transport time of the Sydney CBD (think inner west like marrickville, petersham. all those generic hipster youth locations). I'm currently employed very comfortably in a very in demand job where I make 100k a year and which will easily increase by 10k each year until a cap of around 150k (unless I moved into more management styled roles). I live up north and have to travel 1 hour on the train one way to wynyard daily, which with walking from home all up totals to around 3 hours traveling a day, and this is a primary motivation for moving out closer, as well as the social aspect of where I currently live being pretty dead. + +My major goal in life is too eventually reach a stage where I can be financially independent (around the age of 40-50), to me this would be having a property paid off in an area I enjoy living, and then having enough money in various Vanguard ETF funds to live off the yearly gains/dividends (very roughly around a mill). + +But for now I'm trying to decide how to achieve the goal of moving out, at the moment I am leaning towards the idea of buying a unit/apartment and then share housing it. +An example of a property I was looking at was: https://www.realestate.com.au/property-unit-nsw-marrickville-128328066 +However this is Sydney, which complicates my choice due to the current state of the housing market. + +Basically I cant decide if I am insane for looking at buying a unit like above for 750k. +I do prescribe to the theory we are in a bubble, but its impossible to ever predict how long this bubble will go on, for all I know it could go on for another 10 years. +An alternative I was thinking about could just be joining an existing share house, but I personally find that idea super stressful because I'm quite the introvert and dont tend to gel well with alot of people, I like being left alone basically, so finding the right sharehouse could take ages and then there is always that risk of once moving in it not being a good fit, so I don't really like this idea. +Secondly I could rent a place and form a sharehouse around that, however I have no clue what the framework for doing that is, but this could be achievable. +And of course then theres the aforementioned idea of just buying a place. + +Either way I'm lost and confused. +I'm open to hearing all thoughts and opinions on this! + + + + +Happy Saturday Ausfinance! + +I just got my credit card info stolen today and apparently, the fraudster used my card to purchase a bunch of google Adsense. + +After chatting with a couple of people, this seems to be the new trend for credit card fraud. + +Stolen credit card info is used to purchase a bunch of google or Facebook ads. + +But what's the end goal here???? How do they get money off buying ads on Facebook or Google? + +I really can't see that being a viable money laundry scheme... + +Selling those ads space for lower prices online? Selling their own products using those ads? + +Anyway, what was your most bizarre credit card fraudulent transaction? + +Edit: a bit of an update from Google, the ad sense account they've created under my user account got banned for advertising phishing campaigns lol. +EDIT: Title maybe not clear enough. I meant the rate hikes in the 2008 or even the late 80s, not the ones in recent months. + +Having not been an adult long enough I haven’t heard a whole lot about those times. My parents owned their house so I never heard anything about it from them. + +I’d like to hear your story. Whether you lost your house, your job, your friends, or if your repayments/rents went up but your life continued largely as usual. + +How long were things rough for? Did you take actions early on which saved your butt or did they cost you a fortune? +As per the title - I would appreciate some thoughts about where I could allocate superannuation risk if I thought the majority of the global stock market was shorted and about to come a “gutsa”. + +I see an overinflated property situation, a crazy stock market based on fake money - so what’s a 46 year old to do so I don’t have the guts ripped out of my super in a 2008 style crash? + +Edit: typo +&#x200B; + +In the documentary Becoming Warren Buffett, Buffett explained how he decides which of three breakfast options to order at McDonald's *every* morning (via CNBC): + + + +&#x200B; + +# ”$3.17 is a bacon, egg and cheese biscuit, but the market’s down this morning, so I’ll pass up the $3.17 and go with the $2.95.” 22 cent difference + +# “When I’m not feeling quite so prosperous, I might go with the $2.61, which is two sausage patties" + +&#x200B; + +Can you tell this was released in early 2017? Perhaps you've been since. + +It's incredulous then that such an autistic penny-pincher wouldn't complain about the great price hikes of his 'splurge' items, when he supposedly 'pays in exact change'. + +But it makes perfect sense, [since the billionaire class gets their McDonald's for free](https://www.mashed.com/240851/this-is-why-warren-buffett-really-eats-so-much-fast-food/). + +&#x200B; + +Quick overview of how the world works. Billionaire Buffet has a golden pass to the golden arches he patronizes, and here is his DD for the plebs: + +&#x200B; + +***"I checked the actuarial tables, and the lowest death rate is among 6-year-olds, so I decided to eat like a 6-year-old. It's the safest course I can take,"*** *he reasoned with Fortune (via The Washington Post).*   + +*""He may set a poor example for young people, but it's a diet that somehow works for him," Bill Gates mused."" -* Public health excelsior, who also holds a McDonald's gold card. + +&#x200B; + + I rest my case + +&#x200B; + +MCD 3/18/22 280c? +Hello, +I set my brother up with an IRA earlier this year. He only owns one share of EWU/46434V548 and TD Ameritrade charged him a $38 mandatory reorganization fee! That doesn't make sense to me given the fact that 1) this security was a no commission trade and 2) the value of his one share is less than the fee. Is there anything I can do? + +EDIT: I called TD and they are waiving as a one time courtesy. Thanks everyone for the responses. + +Thanks +As the title says my brother hasn't paid taxes in a long time. He went through a rough patch--got addicted to opiates. Fell off the map for a while. He got clean which is great but that was like 7 years ago, and ever since then, he's been working under the table as a tradesman. While he was an addict he worked here and there as a tradesman, also under the table. So basically all of his income has been unreported. + +I'm concerned that he hasn't done a tax return in over fifteen years. I feel like it's only a matter of time before the IRS catches up to him, and he faces some sort of consequences. + +On the other hand, I'm not sure there's any record of him ever getting paid anyways, so maybe there's no reason to be concerned? I don't know how the IRS handles stuff like this, and what they know and what they don't know about his situation. + +My questions are: is he in trouble? What should he do? Does the IRS offer a path to get back on track? Or do they just throw people in jail for stuff like this? + +His solution is to hide his head in the sand, but I don't want to see him go to prison. He'd be willing to work towards a solution but he believes there are none, and that he's basically just fucked. + +Also, he filled out a form online to get the stimulus checks, so they have his address. He never got a check but he gets these letters sometimes saying that he can still fill out a form to get his stimulus money. I can only assume those are automatically sent out. So they DO send him mail, but, he's yet to receive anything scary. + +Edit: I just wanted to thank everyone for the comments so far, this is really helpful. + +Edit 2: Thanks again guys, this is incredibly helpful. This is a topic that I've lost sleep over. After reading the comments here I feel like he will be able to avoid jail time, which is my main concern. + +I think the plan, as it stands, is to enter his info on the IRS site to see if anything has even been reported at all. Then once he gets an actual full time job, instead of freelancing, we will help him hire a tax attorney or accountant, and start the process at that point. I have very little hope that my brother will do any of this on this own. Opiates really fucked him up and destroyed his sense of self worth. It's been rough getting him back on track but I think he has enormous value, he just doesn't realize it. + +He's a hard worker and very clever but he has remarkably selective intelligence. He's a skilled carpenter and electrician, he's articulate (much more so than his competitors), he's good at solving problems and I can't think of a better person to have in an emergency, or high-pressure situation. On top of this he's saved 5 lives over the course of his life on 3 separate occasions (2 fires and a sledding incident). He has enormous value but he's absolutely broken in terms of managing his own life, building wealth, or even sitting at a desk long enough to do a tax return. I honestly think he was just born in the wrong century... He would have thrived in the middle ages +[https://markets.businessinsider.com/news/stocks/stock-market-outlook-bear-market-over-new-sp500-highs-fundstrat-2022-7](https://markets.businessinsider.com/news/stocks/stock-market-outlook-bear-market-over-new-sp500-highs-fundstrat-2022-7) + +*The stock market could be gearing up for new record highs before year-end as the 2022 bear market is over,* [*Fundstrat's*](https://fsinsight.com/) *Tom Lee said in a note on Friday.* + +*"The biggest takeaway for me on events of this week? Convincing and arguably decisive evidence the 'bottom is in' — the 2022 bear market is over," he said.* + +*Lee's confidence stems from the fact that between* [*a negative GDP print*](https://markets.businessinsider.com/news/stocks/economy-recession-watch-janet-yellen-strong-jobs-market-negative-gdp-2022-7?utm_medium=ingest&utm_source=markets)*, another* [*75-basis-point interest rate hike*](https://www.businessinsider.com/federal-reserve-hikes-interest-rates-july-credit-loans-inflation-recession-2022-7?utm_medium=ingest&utm_source=markets) *from the Fed, and* [*more natural gas volatility*](https://markets.businessinsider.com/news/commodities/europe-power-prices-russia-cuts-natural-gas-supplies-ukraine-sanctions-2022-7?utm_medium=ingest&utm_source=markets) *due to Russia's Nord Stream pipeline drama, a lot of bad news occurred this week and yet the* [*S&P 500*](https://markets.businessinsider.com/index/s&p_500?utm_medium=ingest&utm_source=markets) *and* [*Nasdaq 100*](https://markets.businessinsider.com/index/nasdaq_100?utm_medium=ingest&utm_source=markets) *managed to stage a 3% rally.* + +*"When bad news doesn't take down markets, it is time for investors to assess," Lee said.* + +Too early to tell? +From the WSJ: + +The best-performing U.S. stock over the past 30 years isn’t a household name like Costco Wholesale Corp. or Johnson & Johnson. It’s Balchem Corp.BCPC +2.61%, up 107,099% since the end of 1985, according to FactSet Research Systems. + +You’d never heard of Balchem? Me either; stocks don’t come much more obscure than this. Based in Wawayanda, N.Y. (population 7,266), about 70 miles northwest of New York City, Balchem makes flavorings, fumigating gases and nutritional additives for animal feed. Its total stock market value is about $1.7 billion. + +Since the end of 1985, Balchem has gained an average of 26.2% annually, compared with 10.3% for the S&P 500 and 15.7% for Warren Buffett’s Berkshire Hathaway Inc. + +You shouldn’t drop everything and buy the stock. The top-performing companies of the past three decades aren’t likely to remain the best in the decades to come. And with flattening profitability and shares at a lavish 27 times earnings, Balchem looks expensive for now. + +(The company said no one was available to comment by press time.) + +But you can learn from Balchem and its peers for free. Over the past 30 years, 44 U.S. stocks generated cumulative total returns of 10,000% or more, according to FactSet. The 10 behind Balchem are Home Depot Inc., Amgen Inc., Nike Inc., UnitedHealth Group Inc., Danaher Corp., Altair Corp., Kansas City Southern, Jack Henry & Associates Inc., Apple Inc. and Altria Group Inc. All grew by at least twice the rate of the S&P 500. Investment manager William Bernstein of Efficient Frontier Advisors in Eastford, Conn., has christened such companies “superstocks.” + +Perhaps the most notable thing they share, says David Salem, chief investment officer at Windhorse Capital Management in Boston, is that “they have all undergone at least one near-death experience.” + +Jack Henry, which provides technology services to banks, lost more than 82% of its market value between 1986 and 1989. Apple’s stock fell by 79.6% between 1992 and 1997 and ultimately underperformed the S&P 500 by a staggering 771 percentage points. + +“Just think about that minus-771 number,” says Mr. Salem. “There are no investment professionals in the world who bought Apple 30 years ago and held it continuously ever since — except liars.” + +Balchem shows the patience, grit and good luck it takes for a company to turn into a superstock. + +The firm began in 1967 as a specialty-chemicals company that made ingredients for hairspray and ink, among other things, says Raymond Reber, who stepped down as chief executive in 1997. + +In 1996, Balchem was losing so much on a new technology to coat nutrients that “it was crazy,” says Mr. Reber. “We couldn’t operate that way.” So, he recalls, he told the company’s factory workers, “‘You have to figure out a way to double our production without raising our costs.’ And they did it.” + +But the transition was rough. Balchem’s shares dropped 57% in 13 months between late 1997 and the end of 1998. + +Dino Rossi, who was Balchem’s chief executive between 1998 and last year, remembers a staff engineer pointing out long ago that its nutritional choline salts might have a nonfood purpose: to help stabilize clay deposits. Years went by before fracking for oil and gas created a bonanza for that use. The end result: tens of millions of dollars in revenue for Balchem. + +You never know for sure where good ideas will come from,” says Mr. Rossi, “and it doesn’t happen overnight.” + +It took years for Balchem to perfect microcapsules that could survive the harsh acids of a cow’s first stomach and then release nutrients farther along in the animal’s digestive system. “You have to be constantly working the technology harder,” says Mr. Rossi. + +Can only a professional stock picker pluck a company like Balchem out of obscurity? The stock didn’t attract a single major institutional holder until 1999, even though it had returned an average of 21.3% annually over the previous decade. And the odds that any professional investor would hang on to such a stock while it fell 57% are nil. + +Investment professionals often ridicule index funds — those autopilot portfolios that mechanically own every stock in a market benchmark — for holding overpriced stocks and riding them all the way down. But one of the unsung virtues of index funds is that, by design, they cling to their holdings through even the worst downdrafts. + +Balchem has been included in the Wilshire 5000 Total Market Index since 1986 and appears to have been held by index funds since at least early 1998. + +When companies decline 50% to 80%, index funds won’t sell them. Most stock pickers will, however. If some of those companies bounce back and turn into superstocks, index investors get to go along for the full upswing. + +In the long term, capturing the full upward sweep of a superstock requires enduring several near-death experiences along the way. That’s reason No. 147 why, for most people, index funds make superior sense. +Check my Blockfolio real quick and noticed all double digit reds. Honestly, I feel relief more than anything. These crazy bull runs seem to be non stop and almost artificial. A crash has been looming in the back of my mind, yet the entire market has doubled this past month. + +So the real question is how low will it go this time, will we see a crash soon? Or will this bull run of '17 continue straight to '18 +I have my condo listed on Facebook marketplace and I also would like to charge an application fee that will go towards background screening and credit check. + +Meanwhile, I am getting interest from people who, based on their Facebook profiles, aren’t the kind I want as tenants. + +Any tips? It feels unfair to let them spend $ on the application fee when I know I don’t want to do business with them. + +Thanks + +Median Home prices are up about about 13% since covid started. Source + +https://fred.stlouisfed.org/series/MSPUS + +At the same time the average 30 year mortgage rate has down by about 1%. Source + +https://fred.stlouisfed.org/series/MORTGAGE30US + +A 1% drop in a 30 year mortgage rate makes the monthly cost of the loan drop about 10%. For example a home that is 100000 at 4% will have the same monthly cost as a 90000 home at 5%. + +So with the drop in mortgage rates and the 5% yearly inflation reported from the CPI we can determine that it would make sense for homes to cost about 15% more than before covid (10% increase from the mortgage rate drop and 5% from the overall inflation experienced in the economy) + +I know regional markets might have different data but from this national data it is really hard for me to see a housing bubble being inflated in the last year and a half. +First, you all inspire and motivate me! Thank you. + +I plan to read many books, but what are some of the best that I should dive into first and really study and absorb? Thanks in advance. +I am looking at purchasing my first rental home in 2023 and have a simple question. Do people only usually buy fixer uppers if they plan on selling it afterwards? My plan is to just simply buy a home that needs minimal work done if any at all, and start renting it out. The rent would cover the mortgage payment and the extra would be passive income / repair money. Is this method of 'flipping' considered a good idea? Or is it only smart to buy 'fixer uppers' and sell them for a large profit. I'm thinking long term here. Like, as in buy now, rent to people for 20 years until the mortgage is paid off, then sell the house for retirement money. Advice? +Tenant moved in about 6 months ago. First three months was no issue. Rent was paid in time. The last three months have been a problem. Tenant informs me this month that they lost their contract job and paid only a third of the rent. Promised the rest the next day and have gone radio silent since then (Thursday last week). Have tried contacting them with no success. Planning on going to the property tomorrow. It’s a half hour drive so no big deal. However should I start the removal process? That is send notice to vacate? After next week they would owe $2700 in rent with $1k 30 days past due. I feel like the tenant will not be able to pay everything in a week hence my thoughts of starting the removal process. In fact I could make slightly more in rent if they’re gone. +I live in the southwest US and it seems like solar is a no brainer. I just got a quote from a major solar company for my current residence that I will be moving from in the next year or so and renting out. + +It seems like having solar on a rental unit could allow a rent increase or allow me as the owner to provide electricity at a relatively fixed cost and therefore charge more rent on that front. + +Based on the numbers from the salesperson, it seems like having either leased or financed solar panels makes a lot of sense. + +It also seems like with the way things are going environmentally and politically, demand for solar powered homes will increase on the rental and ownership side of real estate - not to mention the potential tax benefits. + +As real estate investors, do you have experience putting solar on your units and if so, was it worth it? + +&#x200B; + +Edit: would also like to hear the best argument against having solar panels installed at all through any method of financing. +Ive always enjoyed mathematics and it seems like it could be a big asset in making the best decisions. But it seems that all of that math used that i here talked about in real estate as being fairly low level. I see multi variable optimization as being a super valuable tool, but i cant find anything that talks about it in the context of real estate. There also seem to be a lot of recommendations that are shared indiscriminately but if you actually start crunching numbers you find out that these recommendations are contingent on a lot of assumptions. So yeah does anybody use higher math to analyze real estate investments? +I’m 23 years old and I’m looking to start a portfolio of rental properties. I have an income of $50k/yr and have enough for a 20% downpayment. + +What is the best way to convince banks to give me my first mortgage on a rental property? Should I crunch some numbers on a few rentals and show them the ROI? +I’ve owned my first long distance rental now for a year and want to check on some of the charges I keep paying and don’t like. + +So first off I pay 10% management fee. + +1. I get charged $11 for hand delivered notice to tenets. The notice was to let them know they would be entering the property to do an inspection. + +2. Also wondering about yard work and snow clearing. It’s a duplex and I’ve been told since it’s a duplex I’m responsible for taking care of that. In my mind the tenants would be doing that. So far my yard and snow cost are insane in my mind. At times I’ve been paying $250 a month for snow clearing. + +With a PM am I able to tell them not to do snow clearing an find my own company that will do it for cheaper ? +I live in a small Midwest town and have had 1 property for almost 2 years and close on my second next week. + +It’s just so odd that like every third person I know is a “real estate investor” now. It just seems like out of no where the market is super saturated with people that have very little knowledge on the topic, not that I’m much better off. + +Is that a good sign or bad sign is the question? Market is heating up in the area and it’s a decent time to invest? Or soon to be excess competition? +I definitely made the right decision by moving to the midwest. Houses are dirt cheap. + +My house was listed for $10k and I paid $8k cash. Its not in a great neighborhood, and its not a huge house, but its more than I need and its worth the safe feeling of not having to worry about a mortgage or rent payments. + + +It's going to make it a lot easier to become financially independent. + +Want to buy a house? Consider moving to the midwest! +I just wanted to thank you all for being here with all the advice and support someone could ask for. + +I stumbled across this channel a while back, and it was definitely an inspiration, so much that you helped me achieve my first $100k in savings this year. It's more than my parents--two very smart, very capable individuals--have ever achieved for themselves. + +I'm typically a pretty cynical guy and the holidays have left me down, but looking at my bank accounts today gave me new hope for the future. + +Thank you to everyone here, whether you're a veteran or just now dipping your toe in the water. I hope you all had a great holiday and wish you all a great new year! +Recently I have changed my portfolio from 50% btc to 50% ETH due to a major ETH supply shock I see coming. + +Tokenomics: (13Dec 2021) +* Total supply of ETH: 118M +- Locked for ETH 2.0: 7.7M +- ETH Locked in Defi: 8.2M +- ETH Liquidity on all cex: 17.5M + +Subtracting all the unavailable eth from the total available ETH leaves us with 84.6M. + +One could argue that from the 84.6M a big portion is with big whales (e.g. Raoul Pal, Vitalik himself and many other prominent players), whom most likely are not going to sell their ETH on Short- Mid term. + +With above known data and the rapid growth of new ETH wallet address, there will be not much ETH left for our new retail and institutional investors. + +With the merge of POW and POS, we have some blocks that are in fact deflationary! +At the current network usage ETH will be 4-5% deflationary once the whole POS has been rolled out. + +Tokenomics will stay the same for the biggest smart contract network. +NFTs are becoming extremely popular lately, with huge companies like Pepsi, Adidas entering the NFT space, most of them will choose the ETH network to launch on. Which will create another huge demand and might eventually help to increase the deflationary rate. + +I feel a $10,000 ETH on Mid term is very likely. +I feel a $50,000 ETH on Long term (5Y) is very likely. + +What are your thoughts? +The huge majority of the Ethereum buys are happening through the ETH/BTC pair. + +Let me explain what's actually happening: + +A lot of people are bringing in fresh money (USD, Euros, Yuan) into Ethereum. This money flows to Ethereum **through** Bitcoin. + +Try to picture that in your mind: + +Right now there are many many people buying Bitcoin, with the sole purpose of exchanging their BTCs for ETH. That's clearly being shown in the volumes, with Ethereum now having [an equal or even higher daily trading volume](http://coinmarketcap.com/currencies/volume/24-hour/) than Bitcoin. + +This results in a constant strong buy support that keeps BTC up at its current levels. + +The people who are **selling** their ETH for BTCs are just keeping the BTCs and aren't cashing out to fiat **because** the sellers are typically crypto traders who are in the cryptoworld for the long run, so there is no real interest for them to sell BTC for USD. + + +But there are of course always exceptions. And the exceptions are still putting more price pressure on Bitcoin than the ones who are entering the cryptoworld with fresh money for Ethereum. + +That's why the Bitcoin price is slowly dropping. It isn't crashing because of the above reason, but it's dropping nevertheless. + +**The Bitcoin trading volumes confirm the same story:** + +When it drops, it drops with big volumes (= people cashing their huge profits out). And when it rises, it rises in tiny volumes (= people buying relatively small chunks of BTCs to trade for ETH asap ). + +That's what you are seeing, and it's because of this buy support that Bitcoin isn't tanking yet. + + +But the tables are about to turn, and the markets will see a huge disruption in the upcoming weeks. + +Reason is: **Homestead** + +Homestead is coming live on Monday, the 14th of March. + +A lot of exchanges are waiting for this moment to start opening the trading pairs for Ethereum. And knowing how huge the Ethereum trading volumes have been, chances are they will be offering **ETH/USD** pairs, **ETH/EUR** pairs, **ETH/YUAN** pairs. This is important and will be a huge change compared to what we're used to so far. + + +People on these exchanges, will no longer have to go through BTC to buy Ethereum through the ETH/BTC pair. The buy support for BTC will start to disappear rapidly resulting in a fast and hard price crash on the BTC/USD market. +Weekly ICO discussion and tips thread. + +Update: So looks like the top ones on the radar so far are: + +**[ClearPoll](https://www.clearpoll.io/pre-ico-token-sale)** - 40% Bonus ends soon + +**[Ethbet](https://crowdsale.ethbet.io/)** + +**[Enjin](https://enjincoin.io/)** - Presale finished - Public starts October 3. + +**[Auctus](http://auctus.org)** Presale starts October 3 + +So six months ago tomorrow I made a little wager with someone here on Reddit since they were talking a pretty big game. Most people when they do this will never back it up by suggesting some stocks they might think will do well. To this users credit they did and here are the results: + +http://imgur.com/rkVq7 + +Yes I messed up and based off of a million vs $100k but the percentages are the same. So if we listen to this person you would have lost %3.48. By comparison if you had done the following: + +cgeorgan: -%3.48 return +S&P 500: %14.67 return +Down Jones: %14.24 return +VTSMX: %14.19 return + +The thread where this started: +http://www.reddit.com/r/Economics/comments/jilht/generation_vexed_young_americans_rein_in_their/c2chhln +http://imgur.com/d6e52 + +Stick to index funds people. As for cgeorgan if you want to honor the $50 wager I'm okay with it going to r/randomactsofpizza, thanks. +I am a Canadian freelance writer, marketer, and silver investor. I have taken refuge in food storage and precious metals as my one and only means of protecting my wealth in a now blackened society. I may not hail from the United States. But when the giant falls, the earth will tremble. And whom is closest to that giant's tremor? We, the Canadians. + +The corruption in society today never fails to out stand me. Everything is in the Twilight Zone. Civil servants now dominate the people. Lawyers and judges eradicate justice. Financial systems destroy wealth. The media suppresses information. The government destroys the voice of the people. And it's as if it was all done be design. + +When I discovered the fraudulent nature of the Federal Reserve a few years ago, I had expected it to eventually do the United States in sooner or later. + +With a mounting national debt turned into a shell game and quantitative easing/further fiat currency abuse imminent, never would I have imagined the writing on the wall to have been inked out so soon. I thought the financiers who conceived it would have been a lot more subtle. But now that collapse I had anticipated seems quite imminent. + +We live in a time of apathy of our fellow human being. Rampant financial fraud. Absolute systematic corruption of government, and what appears to be a societal breakdown. Right beneath the nose of the average citizen, they are being robbed of everything they've labored for. The founding fathers of the United States have specifically warned us what would happen if we let a central bank dominate the US financial system. They warned us what would happen if the money supply was cornered by avaricious elitist financiers. + +Downvote me into oblivion if you must. I thought it was only fair to step up and express my concern for my neighbors down south. If only the US Citizen was angry enough to claim their government back and to abolish their privatized central bank. But I fear that in attempt to create such a rally that we may choose instead to fight amongst ourselves, oblivious that our real enemies are the sociopathic financiers that comprise only a small portion of human population today and engineered these crises. + + +[EXPERIMENT – Tracking 2018 Top Ten Cryptocurrencies – Month Forty-Two – Down -1&#37;](https://preview.redd.it/ricn125nu6a71.png?width=666&format=png&auto=webp&s=13ff7289ad7ac0f6ed22675007ece657f0f5dec6) + +***Find the full blog post with all the tables is*** [***here***](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-42)***.*** + +Welcome to your monthly no-shill data dump: the Top Ten Cryptocurrency Index Fund Experiment Updates, a bit delayed, but here at last. + +So y'all have heard about the 20% bonus for doing nothing with Moons, right? What fun is that, here, take some Moons! ***62 Moons to the first person to name the artist and title of the song hidden in this post. That's worth about $5 (62\*.08) at the moment, my way of encouraging the winner to support*** [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/) ***with a*** ***special membership!*** + +**tl;dr** + +* **What's this all about?** I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for 3.5 often very painful years. Did the same in 2019, 2020, and 2021. ***Learn more about the history and rules of the Experiments*** [***here***](https://toptencryptoindexfund.com/about/)***.*** +* **June** \- Blood red, no cryptos in the green, **BTC** lost the least. +* **Overall since Jan. 2018** \- only 3/10 of the 2018 Top Ten are in positive territory: **BTC, ETH, and ADA. ETH** leads the pack. +* **2018+2019+2020+2021 Combined Top Ten Portfolios are returning 248%.** + +## Month Forty-Two – Down -1% + +[ The 2018 Top Ten Portfolio - A very red month](https://preview.redd.it/gm104zr0w6a71.jpg?width=1077&format=pjpg&auto=webp&s=5481f199d3aaaf84ac613191ce85bf09bd96f17d) + +Well, it was an impressive streak while it lasted:  after narrowly avoiding it [last month](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-41), the 2018 Top Ten got hit with its first all-red month since [September 2020](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-33/).    + +After four straight months in the green, the 20218 Top Ten Portfolio is basically back to break even point, down -1%. + +Since [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/), **Ethereum** is still the best performing crypto overall and **BTC** and **ADA** are still in positive territory. **XLM**, after clawing its way back to break even point, slipped back into the red in June. + +## June Movement Report, Ranking, and Dropouts + +Mostly downward movement this month: + +Downs: + +* **Dash** – down 11 places and now out of the Top *Sixty* (#51–>#62) +* **NEM** – down 7 places also out of the Top *Sixty* (#58–>#65) +* **IOTA** – down 7 places (#37–>#44) +* **XLM** – down 5 places (#16–>#21)  +* **ADA** – down one place (#4–>#5) + +Up: + +* **Bitcoin Cash** – up one place (#13–>#12) + +[2018 Top Ten Rank 3.5 years later](https://preview.redd.it/pn6poat4w6a71.jpg?width=409&format=pjpg&auto=webp&s=dfb11906649cbd37dc0042ff6bc9a21fffb29616) + +**Top Ten dropouts since January 2018:** After forty-two months of the 2018 Top Ten Experiment, only 40% of the cryptos that [started in the Top Ten](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) have remained.  **NEM, Dash, Stellar, Bitcoin Cash, IOTA**, and **Litecoin** have been replaced by **Binance Coin, Tether**, **DOT, UNI**, **Doge**, and most recently, **USDC.**   + +## June Winners and Losers + +***June Winner*** –  No crypto ended June in the green, but **Bitcoin** gets the W for dropping the least (-9%). + +***June Losers*** –  **Stellar** lost -37% of its value in June, snapping a three month losing streak for the often last place **NEM**.  **XRP** had a tough month as well, dropping -35%.  + +## Tally of Monthly Winners and Losers + +After forty-two months, here’s a tally of the monthly winners and losers over the life of the 2018 Top Ten Experiment.  + +[2018 Top Ten Ws and Ls](https://preview.redd.it/prt3xtm7w6a71.jpg?width=409&format=pjpg&auto=webp&s=e5a3117c214fe2263897ea58ca80ce412591f8b0) + +With 11, **Bitcoin** has the most monthly wins by quite a bit. In the loss column, **NEM** has finished in last place 11 of 42 months, or 26% of the time. + +**Bitcoin** is still the only cryptocurrency that hasn’t yet lost a month since January 2018 (although it has come very close a couple of times). + +## Overall Update –  Portfolio back to break even point, only 30% of cryptos in the green, ETH maintains healthy lead + +So, the thrill is [gone](https://www.youtube.com/watch?v=oica5jG7FpU): we’re right back where we started in [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/), minus about 11 bucks for our troubles. That four month streak of the 2018 Top Ten Portfolio being in the green?  History.   + +This is very familiar territory for the 2018 Top Ten Portfolio.  Over the three and a half years of the Index Fund Experiment, thirty-eight months have been in the red, with only four months of green.  And all of the green months came packed together in the first half of 2021. + +30% of the 2018 Top Ten are in positive territory: **BTC,** **ETH,** and **ADA**.  **ETH** (+192%) is ahead of **Bitcoin** (+154%) by a good margin and is the best performing crypto of the 2018 Top Ten Portfolio.   **ADA** is in third place, up a healthy +100% so far. + +The initial $100 invested in **ETH** forty-two months ago is worth $293 today. + +Still at the bottom is **Dash,** down -86% since [the Experiment began.](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/)  The initial $100 invested forty-two months ago is worth $13 today.   + +## Total Market Cap for the entire cryptocurrency sector: + +[Monthly total market cap since Jan 2018](https://preview.redd.it/1q3fujvaw6a71.jpg?width=793&format=pjpg&auto=webp&s=dc85fe90a3a352203003022e21b808b9030c38a8) + +After surpassing $2.2T just [two months ago](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-40), the total crypto market cap has lost nearly $1T, down to $1.38T, the same level it was in [February](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-38).   + +As a sector, it’s not nearly as bleak:  overall crypto is up +139% since [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/).  If you were able to capture the entire crypto market since New Year’s Day 2018, you’d be doing much, much better than both the Experiment’s Top Ten approach (+-1%) and over double the return of the S&P (+62%) over the same period of time. + +## Bitcoin dominance: + +[Le BitDom](https://preview.redd.it/odom45edw6a71.jpg?width=681&format=pjpg&auto=webp&s=29210a7e4ba8a705144b4ad72b8668a03e012315) + +After five straight months of downward movement, **BitDom** reversed course this month.  Is this a sign that the crypto market has more or less bottomed out?  Hard to tell, although it’s clear that investors are diverting funds away from riskier altcoins back into the big daddy **BTC.** + +For context, we still have a bit to go before setting a record **BitDom** low: the last altcoin cycle saw **BTC** dominance go down to a low of 33% back in the first month of the [2018 Experiment](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/). + +## Overall return on $1,000 investment since January 1st, 2018:  + +[ 2018 Top Ten ROI - back to break even](https://preview.redd.it/zpr0qn6fw6a71.jpg?width=355&format=pjpg&auto=webp&s=3b54fc1e1773e53854b6320127d579cab2dd8ae0) + +The 2018 Top Ten Portfolio lost about -$275 in June.  Not quite as [bad](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-41) as last month’s -$292 drop, but close.  The 2018 Index Fund is basically back to break even point, down about -$11.   + +If I decided to cash out the 2018 Top Ten Experiment today, **the $1000 initial investment would return $989**, down -1% from[ January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/). + +Here’s a look at the ROI over the life of the experiment, month by month: + +[2018 Top Ten ROI, month by month](https://preview.redd.it/c45tl6ziw6a71.jpg?width=904&format=pjpg&auto=webp&s=f7e671d3ca82a38e9b8f2424a981683b3df16821) + +Being down -1% after 3.5 years is definitely disappointing, but for context it is nowhere near the absolute bottom: in January 2019 the 2018 Top Ten Portfolio was down [\-88%](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-thirteen/) followed closely by the -87% Zombie Apocalypse month ([March 2020](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-27/)) just over a year ago.  + +For those just entering crypto, this is a gut check: can you stomach being down -1%?  What about down -88% on your investment after one year and -87% after two years?  When crypto veterans stress that you shouldn’t be investing what you can’t afford to lose, they mean it.  + +## Combining the 2018, 2019, 2020, and 2021 Top Ten Crypto Portfolios + +Alright, that’s that for the 2018 Top Ten Crypto Index Fund Experiment recap. + +But I didn’t stop the party in 2018:  I invested another $1000 in the ***2019***, ***2020,*** and ***2021*** Top Ten Cryptos as well.  How are the other Crypto Index Fund Experiments doing?   + +* [2018 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-42): down -1% (total value $989) +* 2019 Top Ten Experiment: up +341% (total value $4,414) +* 2020 Top Ten Experiment: up +469% (total value $5,688) +* 2021 Top Ten Experiment: up +184% (total value $2,840) + +So overall? Taking the four portfolios together, here’s the bottom bottom bottom *bottom* line:  + +**After a $4,000 investment in the 2018, 2019, 2020, and 2021 Top Ten Cryptocurrencies,** the combined portfolios are worth **$13,931** ($989 + $4,414 + $5,688 + $2,840). + +**That’s up +248%** on the combined portfolio.  Another massive drop from last month, but with a bit of perspective we can see that the combined portfolios are back to where they were a few months ago in [February](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-38).  + +[ Combined ROI of all four Top Ten Crypto Portfolios - back to February levels ](https://preview.redd.it/y5vho1dxw6a71.jpg?width=380&format=pjpg&auto=webp&s=f1a86a8c671c47c2cba975e44701d8a4481322de) + +***That’s a +248% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st for four straight years***.  + +## Comparison to S&P 500: + +I’m also tracking the S&P 500 as part of the Experiment to have a comparison point with other popular investments options.  Another solid month for the S&P in June and yet another all time high. + +[ Another month, another ATH for the S&P ](https://preview.redd.it/v4zw0b01x6a71.jpg?width=568&format=pjpg&auto=webp&s=cddc9ca4edf0a9391879cfd2e1779d3c22b6b6ea) + +The S&P 500 is up +62% since January 2018, so the initial $1k investment into crypto on [January 1st, 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) would be worth $1620 had it been redirected to the S&P.   + +Compared to the -1% return of the 2018 Experiment, the S&P is well ahead of the Top Ten Crypto Portfolio.  + +But it’s not a very fair fight when I combine the four portfolios: taking the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments yields the following: + +* $1000 investment in S&P 500 on January 1st, 2018 = $1620 today +* $1000 investment in S&P 500 on January 1st, 2019 = $1720 today +* $1000 investment in S&P 500 on January 1st, 2020 = $1340 today +* $1000 investment in S&P 500 on January 1st, 2021 = $1150 today + +Taken together, here’s the bottom bottom bottom *bottom* line for a similar approach with the S&P:  + +**After four $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, and 2021, my portfolio would be worth $5,830** ($1,620 + $1,720 + $1,340 + $1,150) + +That is up **+46%** [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) compared to a **+248%** gain of the combined Top Ten Crypto Experiment Portfolios, a difference of over 200 percentage points ***in favor of crypto.*** + +Here’s a table summarizing the four year ROI comparison between a Top Ten Crypto approach and the S&P as per the rules of the Top Ten Experiments.   + +[Crypto still in the driver's seat](https://preview.redd.it/61nzx1s3x6a71.jpg?width=501&format=pjpg&auto=webp&s=54e66accb8fa2766d5c91151dd0efaa2d63a3cd5) + +Despite the less than stellar performance of crypto over the last couple of months, it is still far, far ahead of the S&P over the same time period. + +## Conclusion: + +Two straight down months for crypto, something we haven’t seen lately.  The crypto crystal ball gazers seem divided on whether we have already hit the top of the bull cycle or only hitting some kind of mid bull cycle bumps.  Technical analysis in crypto is like reading tea leaves or entrails to divine the future: the guesses of the experts are as good as yours or mine.   + +To the long-time Experiment followers: thanks so much for reading and for supporting the project over the years.   + +For those just getting into crypto, welcome! I hope these reports can somehow help you see what you may be in for as you begin your crypto adventures.  Buckle up, think long term, don’t invest what you can’t afford to lose, and enjoy the ride! + +Feel free to reach out with any questions and stay tuned for monthly progress reports. Keep an eye out for my parallel projects where I repeat the experiment, purchasing another $1000 ($100 each) of new sets of Top Ten cryptos as of January 1st, 2019, January 1st, 2020, and most recently, January 1st, 2021. +[I accidentally triggered AutoMod so i reposted this](https://www.reddit.com/r/Superstonk/comments/ooxsmd/units_and_how_rc_will_checkmate_shfs/?utm_medium=android_app&utm_source=share) if its back up let me know + + +First clearing up the unfounded speculation on RCs tweet. + +I'm noticing a huge push for a stock split based on "Chop Sticks rythms with Stock Split" and" its 7 to 1 because it was posted at 7:41", i believe its a shill campign to change the narrative because [GME is unique](https://www.reddit.com/r/GME/comments/okm0lu/gme_the_true_to/?utm_medium=android_app&utm_source=share) because of its small Float/Share Issuance and to try to make it comparable to other shorted stocks). + +[More on why Split's/Reverse Splits do not work for fixing naked shorts](https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/) + +If 🦍s notice a push for interpreting the tweet as a stock split simply ask for a link to some evidence that GameStop/RC is trying to make a Stock Split happen, they won't have any because there is none + +Without further ado Here's a DD on **Units** 🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀🚀 + + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + + +[First what's a Unit](https://www.investopedia.com/terms/u/unitholder.asp#:~:text=A%20unit%20is%20equivalent%20to,purchase%20a%20portfolio%20of%20assets.) + +"A unit is **equivalent** to a share, or piece of interest. Unitholders are afforded specific rights that are outlined in the trust declaration, which governs the trust's actions. The most common type of unit trust is an investment vehicle that pools funds from investors to purchase a portfolio of assets." + + +"A unit is **equivalent** to a share" thats the important part of a unit, there's no shares or cash being issued but instead an equivalent like an NFT or Crypto. + + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + + +[From the beginning of GameStop SEC Filing talking about units for more clarity](https://investor.gamestop.com/node/18346/html#rom50019_13) (scroll up to the top) + +"Each unit will be issued under a unit agreement and will represent an interest in two or more other securities registered under this registration statement, which may or may not be separable from one another." + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +[Now to Page 13 which PG-13 is pointing within GameStops SEC Filing](https://investor.gamestop.com/node/18346/html#rom50019_13) + +"The following description contains general terms and provisions of units to which any prospectus supplement may relate. The particular terms of the units offered by any prospectus supplement and the extent, if any, to which such general provisions may not apply to the units so offered **will be described in the prospectus supplement relating to such units**. For more information, please refer to the **provisions of the unit agreement and unit certificate**, forms of **which we will file with the SEC at or prior to the time of the sale of the units.** For information on incorporation by reference, and how to obtain copies of these documents, see the sections of this prospectus entitled “Where You Can Find More Information” and “Incorporation of Certain Information by Reference.” + +"We may issue units from time to time in such amounts and in as many distinct series as we determine. We will issue each series of units under a unit agreement to be entered into between us and a unit agent to be designated in the applicable prospectus supplement. When we refer to a series of units, we mean all units issued as part of the same series under the applicable unit agreement. + +**We may issue units consisting of any combination of two or more securities** described in this prospectus. **Each unit will be issued so that the holder of the unit is also the holder of each security included in the unit**. Thus, the **holder of a unit will have the rights and obligations of a holder of each included security**". These units may be issuable as, and for a specified period of time may be transferable as, a single security only, rather than as the separate constituent securities comprising such units." + +So the biggest question is what's the unit? What's RC marrying 🦍s beloved stock to? + + +Well the easiest most straight forward answer is the Power to the Players NFT (Auto Mod can't link and is how the First one got removed 😔)which has already been minted and the [non cash dividend filing](https://www.reddit.com/r/GME/comments/nw6l55/noncash_dividend/?utm_medium=android_app&utm_source=share) backs that up. + +[Also GameStop is hiring a new Director of SEC and Financial Reporting](https://www.reddit.com/r/Superstonk/comments/olxepi/gamestop_is_hiring_a_new_director_of_sec_and/) 👀👀 + +🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗 + + +Now to Explain/TLDR + +Hedgies are fucked because they won't have the units(NFTs) for the stocks as only GameStop will issue them as a single security and only for a limited amount of time to add onto existing shareholders. The extra kicker, they won't be able to Naked short GME anymore because they won't have the units(NFTs) for it, as every share must be a complete Unit after GameStop does this, Jesus my tits and 🚀🚀🚀🚀🚀🚀 + + +[Better TLDR ](https://www.reddit.com/r/GME/comments/oop0ny/what_rcs_chop_sticks_tweet_is_about/h60agni?utm_medium=android_app&utm_source=share&context=3) + +[Ways it can play out](https://www.reddit.com/r/Superstonk/comments/ooxsmd/units_and_how_rc_will_checkmate_shfs/h61sic3?utm_medium=android_app&utm_source=share&context=3) + + + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + + +Now back to speculation on RCs tweet + +[A strong explanation of the Chop sticks pointing to the body of text on Page 13](https://www.reddit.com/r/Superstonk/comments/oo0wo2/deeper_meaning_of_the_rc_tweet/?utm_medium=android_app&utm_source=share) + +[an plausible second explanation of chopsticks in the nose](https://www.reddit.com/r/GME/comments/ontjxa/pg_13_the_only_13_page_sec_filing_lately_is_the/h5uyhfi?utm_medium=android_app&utm_source=share&context=3) + +"Since Ryan is big on TA, I thought he was referring to the nose engulfing candle stick pattern. This is where 2 candles have the same colour and the second candle engulfs the nose if this first one (4hr chart). It appears to be a reversal which is bullish!" + + +And finally More DD from [another 🦍s](https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/?utm_medium=android_app&utm_source=share) explaining overstock set the legal precedent of crypto dividend against shortys + +🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗🍗 + +Other TLDRS and ways it may unfold + + + +[A way a may play out](https://www.reddit.com/r/GME/comments/op11cd/units_and_how_rc_will_checkmate_shfs/h62dils?utm_medium=android_app&utm_source=share&context=3) + +[2 ways it might play out](https://www.reddit.com/r/Superstonk/comments/ooxsmd/units_and_how_rc_will_checkmate_shfs/h61sic3?utm_medium=android_app&utm_source=share&context=3) +I just missed out on earning 6k in hoge coin and it doesn't seem to be worth putting money into it anymore. anyone have any suggestions as to what the next moonshot may be? +Hi everyone ! Some of the recent news about Curate : + +👌 **App public launch on March 31st**, iOS and Android ; + +👌$XCUR is now **legally backed by US security and law firm Securus** ; + +🔥Jeff Kirdeikis, CEO of TrustSwap, **joins** ***Curate*** **as an Advisor and Strategic Partner to accelerate the growth and adoption of $XCUR and the Curate App** ; + +👌*Curate* and Travala **enter a strategic partnership introducing $XCUR as a payment method** ; + +👌Smartcontract **audited by** ***ChainSulting*** ; + +\--- + +🔗[**Website**](https://curate.style/) + +🔗[**Dextools**](https://www.dextools.io/app/uniswap/pair-explorer/0x178f1a72172a99f7f44e125de6413ea808713e7c) + +🔗[**UniSwap**](https://app.uniswap.org/#/swap?outputCurrency=0xE1c7E30C42C24582888C758984f6e382096786bd) (liquidity locked with *TeamFinance*) +$Safestar is on the rise, seems to be the last chance before it goes to the moon. THought I'd let y'all know before it's too late! + +Essentially these are the plus sides to it: + +\- Recently a whale dumped and the distribution of the holds are now more evenly spread making it a lot more stable. + +\- The coin's community is extremely positive and active and this is not just an ordinary pump and dump coin. + +&#x200B; + +Here is the graph: + +[https://goswappcharts.web.app/?isbsc=true&tokenId=0x3c00f8fcc8791fa78daa4a480095ec7d475781e2](https://goswappcharts.web.app/?isbsc=true&tokenId=0x3c00f8fcc8791fa78daa4a480095ec7d475781e2) +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. +Original post: +https://www.reddit.com/r/financialindependence/comments/81mgjq/thinking_of_quitting_my_job_with_fk_you_money_but/ + +I come onto this sub so often and love hearing people’s personal journeys to FI, and so many of you responded to my previous post that I thought I’d update you all on my latest career move. Every single bit of advice was read and considered, and helped me make my decision. The TLDR version: I handed in my notice! I finish at the end of May. + +Below are my responses to the most commonly occurring bits of advice, or just some advice that really stood out to me. If even a couple of you can benefit from what I’ve said, then great! And shout out to any UK FIers with advice/questions/general chat. + +>Don’t quit your job! You will find a new job more easily if you look while employed. + +I realise this is probably true for a lot of institutions, but I personally think it’s silly. If anyone were to not hire me because I was out of the work force for a few months, I would question their judgement. Not to mention that during this time I would probably volunteer, complete training courses, or take on whatever opportunities would be available that I otherwise couldn’t when in full time employment.  So it’s not like there would be a full on gap. I already volunteer in a local engineering panel and get involved in STEM events, the local comedy scene and running events with my running club. So although I appreciate all of your cynicism (as it probably comes from some personal experience), I respectfully reject it! + +Also, as I am a woman and in the UK, I could probably get away with a large CV gap. Is that fair? Probably not, but it is definitely the case as employers don’t want to seem discriminatory against women taking time out for childcare. + +>You’ll regret quitting your job, in four months time you’ll be desperate and apply for any old job to make ends meet. + +Remember where we are, people! This is the FIRE sub – as if I would make such a mad decision like quitting my job without considering finances? Duh doy. So even if my husband and I quit our jobs tomorrow, we’d have sufficient saving to make it through about 3 years living super luxuriously as we currently do before we had to get jobs. I didn’t want to say this on the other thread because there are some dark woman-hating corners of reddit, but my husband makes more than enough to support us both so it is not an issue for me to stop earning temporarily. P.S. I also did the same for him when he was at a job he hated. + +>If you can’t code in your spare time now, quitting your job probably won’t make a difference. + +I actually really agree with this. I had a real hard think about why I was quitting my job instead of focusing my spare time on new skills. The truth is, I just hated my job so much  that I couldn’t stand the thought of such a long slog to learn new stuff, I just desperately wanted a reason to quit. I made a little deal with myself: I was allowed to quit if I could move onto something else tangible. Cue applications to coding bootcamps. I reasoned that this would give me structure and direction, and also give me networking opportunities that I wouldn’t have if I had been at home alone. I am so happy with my decision and will be attending a Manchester-based coding bootcamp in July – score!!! Everyone I’ve spoken to who has experience with it said it’s amazing and has changed their life. I have to say that doing the pre-course work has me feeling more motivated than I’ve been in a LONG time. Maybe since uni. + +Since this is a financial sub, PSA for the women: I am also waiting to hear if I get a scholarship to fund the whole course just for being a lady. Gotta ride that positive discrimination train from Waterloo to BANK! + +>Why retrain? If your job is awful, can’t you just apply for different mechanical engineering jobs? +  + +I definitely could. However, after dedicating my entire adult life to being an engineer, I have finally given up trying or pretending to enjoy anything about it except the paycheck. I hate it. I always have. Maybe I am just unlucky and got a couple of bad roles, but from what I’ve seen and heard, my attitude is the norm and there is nothing to enjoy about big engineering corporations. Most of my friends and colleagues are depressed, unmotivated or so obsessed with moving up that they actively discourage/sabotage those around them. If I went to another company, I believe it would be same shit different job. Plus by some random luck I get paid a really good wage, and it is most definitely not the norm for somebody with my seniority (or lack of) so I’d probably take a paycut. + + +>Startup jobs exist for mechanical engineers, why don’t you apply for those? + +I have done, and will continue to do so. However, these roles are fairly rare in startups (about two posted per month when I was looking in Berlin) and most descriptions included things like ‘knowledge of XXX language is preferred’, or ‘must have experience working with software engineers’, or ‘must be familiar with digital products’. So even though the role didn’t necessitate a coding background, they basically implied that they would prefer someone with a coding background. Hence my decision to learn some stuff in that arena. PLUS the fact that I hate engineering, see above! + +>You sound kind of entitled. + +Yes, I am entitled. And so should you all be. Why is your self-esteem so low that you think you don’t think you’re entitled to a job you enjoy for a wage you are happy with? I am definitely entitled to this, and I feel like a mug just wasting my time in a place where people call maternity leave ‘holiday’, or ask me where I’ve been when I go to the toilet, or shout at me until I’m crying and shaking because I made a joke about the office temperature (true story). Don’t be crabs in a bucket! + +> <£100k is not F*ck You money + +Ha, this one made me laugh. We definitely need a standardised definition of F*ck You money. I thought it meant you could say ‘f+ck you!’ to your boss and quit, because it was enough to keep you going for a while. + +Ultimately I never spoke to a person who bravely quit their job to pursue something better who regretted it. My cousin left her corporate pharmaceutical job to do a second degree in midwifery. Now that’s bravery! Three years with no employment and a future on a sh*tty NHS wage instead of a comfy corporate one? My best friend got fired from her job for daring to ask for a four-day week to run her side business. It is now thriving and she got a dream job at a google-esque design company and is having an amazing time! Not to mention my friends who did post-graduate medical degrees. They will literally never finish paying back their student loans because they’re so massive. Think of that! But they would never say they regret their decision. They are so much braver than me. + +Sorry to ramble on, but my point is that in this subreddit we are all a sensible lot who save and live below our means so that when times get hard, we have a choice in whether to stay in our horrible jobs. I just wanted to share my thoughts with anyone struggling to make a similar decision. Think long and hard, in five years time will you be saying ‘oh no! I should definitely have stayed in that job that made me miserable every day!’ or will you be saying ‘thank CHRIST I left that place. It was killing me inside’? +I was at a local City Council meeting yesterday and a heritage group was sponsoring a 50 year time capsule to be buried under the city square. No chance, no how, no way anyone in that room understands anything about BTC. But in 50 years???? + +It occurred to me that it is my civic duty to donate some sats to the city and give them an unexpected healthy donation when it gets opened. Just include the seed with a "You're Welcome" message. + +&#x200B; + +Edit: More details on this about the security because someone in the chamber asked the same questions you guys are. + +So the capsule they purchased is a custom built professionally sealed container specifically designed to protect the contents. There are companies that specialize in these things. There is a chemical process they use which changes the air inside to an inert state which increases the longevity by a factor of 25:1. (So contents would only degrade by an equivalent of 2 years.) + +The town square has several security cameras. And it would be a random envelope so nobody would know I'm burying BTC in there besides myself. It's a donation so if something happens well then ok... +PLTR has been trading between 25 and 30 for some time now and probably will continue to do so for the next week or two before it breaks out in January. + +It's trading at just over $25 right now where there is massive support and it probably won't go lower than it is right now again. + +Anybody that wants to get in on the PLTR express should do it now. 🚀🚀🚀🚀 + +positions: 12,300 shares & a bunch of random options expiring jan, april, jan '22 + +Just posting as an FYI for anyone that felt like they missed out on PLTR 🚀🚀 +I first learned about bitcoin through a newsletter reporting a Mt Gox hack in 2011. After reading about its potential to be seriously disruptive, I still avoided making any purchases due to the limited (and shady) means of acquiring any. + +&#x200B; + +But I kept my eye on it. I saw the small pattern of boom-bust cycles but there were too few at the time to consider this pattern to be normal. + +&#x200B; + +I bought my first bitcoins in April 2013. I'd FOMO'ed the runup from $15 to $100 and finally bought in at $138. One of the only ways to buy bitcoin at the time was to deposit cash into some rando's bank account and cross your fingers that they'd actually send you bitcoin in return. I was lucky. They did. + +&#x200B; + +Bitcoin continued to rally to $230. I'd nearly doubled my money in a few days. I finally applied for a Mt Gox account and was hooked. + +&#x200B; + +It only took 3 more months to watch my initial investment be cut in half after the retrace to $66. + +&#x200B; + +My point here is it took balls to invest in the chaotic sphere of crypto from a total bystander who's not a cypherpunk. I had a spare $500, my career was built on the industry Bitcoin was poised to disrupt, so I bought a few as a "hedge" in my mind. + +&#x200B; + +So I hedl. The price eventually stabilized and slowly crept up to my initial buy in. I learned about coinbase and registered an account right before the second bull run of the year. + +&#x200B; + +Bitcoin ran up to $1,100. I was amped. Bought in a ton more on the way up. Convinced buddies to buy in at over $1,000. + +&#x200B; + +Then it tanked again. I praised friends who "called the top" and got out while I hedl. + +&#x200B; + +But at that time I was a lot more convinced that long term growth was inevitable. I explained to my buddies that this is normal and that they should think of their money spent as a shitty night at the casino. They can pull it out now or just forget about it and see where it goes. They listened. + +&#x200B; + +And I kept buying randomly. I set a DCA calendar event but rarely listened to it. I bought here and there with spare funds over the next few years as it traded sideways. + +&#x200B; + +Overall, I spent about $15,000 over the course of 4 years. Who spends $15,000 on an unproven volatile asset with naysayers around every corner? Anyone with any financial sense would think I was insane to put that much money into the space. + +&#x200B; + +Now I own 25 bitcoin and a decent number of the other top coins. I'm in a great position. + +&#x200B; + +But I want you all to heed this story as a means to prepare yourselves for strong hands over the next boom/bust cycle. + +&#x200B; + +I watched my $15k investment balloon to over $600k during the 2017 bull run. Then I watched my portfolio shrink $350k in like 6 weeks. Then another $150k over the following months. + +&#x200B; + +It was painful. But I'm still hodling. I often wonder about how strong my hands can be when I finally see my crypto portfolio in the 8-figure range. I truly believe that Bitcoin stands to insanely disruptive and coexist on a massive level with the fiat powerhouses of today. + +&#x200B; + +But how am I going to react when that valuation means I can retire at age 35? How am I going to react if it grows to unfathomable levels and the next bust sees me losing millions of dollars over a few short months? + +&#x200B; + +I can't tell you. I don't know myself. I know I'll not be happy to sell out at 1MM if it climbs to 10MM in a few years. But I'll have reached a FIRE benchmark at an age that a very rare few can even dream of. It's an insane concept to be able to say you turned $15k into a million dollars. Even more so if it's multi-millions. + +&#x200B; + +That's why I think a lot fewer bitcoin millionaires exist than you think. When reflecting on how much is made over such a little investment, the idea that it could go even higher simply escapes logic. Even if you truly believe that Bitcoin will cement itself as an alternative or replacement to currency/payments/store-of-value, there's still a huge risk it can all collapse at some point. + +&#x200B; + +So. What would you do? How much will you be willing to put on the table once it's real? Once you literally have hundreds of thousands of dollars on the line? +I was looking at Coinmarketcap.com today, and I noticed that the DAO has a good chance of passing Ripple and Litecoin soon. + +Since the DAO is basically a decentralized VC funding smart contract, it has a great amount of real world utility, and it could one day pass both Ethereum and Bitcoin in market cap: +http://i.imgur.com/06BkeYl.png?1 + +The investments in Ethereum-based businesses would then help to increase the price of Ether, which would further increase the price of the DAO tokens. This positive feedback loop may eventually drive the market caps of both DAO tokens and Ethereum far higher than Bitcoin's market cap, unless something in the current dynamic radically changes. + +The only solution that I see from the Bitcoiner's perspective is for them to integrate smart contracts into Bitcoin, and to create a VC funding smart contract platform to fund Bitcoin projects. But my feeling is that they will realize this too late, and they may never be able to catch up. +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! + +I feel like as with most things once you're deep into it you can get wrapped around the axis and have a one sided view of things. The majority of the world doesn't even know crypto exists, of those who do know, they don't have any idea where to go to look at the prices let alone how to buy anything. AND those who put in the time to figure everything out, it still can take weeks to get everything sorted out to get money into exchanges. + +As someone who finally decided to get into crypto currency I feel like I'm in a position to bring this issue to light. I knew about bitcoin in 2012 but decided I needed to focus on my career as a recent college grad (hindsight is 20/20). I started re-reading about bitcoin a month ago and was hesitant. After the large gain in the last 2 weeks I decided to figure out how to invest. So from researching investment until getting approved it took roughly 5 days and I figure that's on the short side of the time scale. I also went back and forth on it twice, so maybe its shorter than that. + +However, I setup a bank acct. and transferred funds, but they still aren't there (~6 days later). So after deciding to look into it and everything I'm assuming the total time to get into market is going to be roughly 12+ business days. Even at this point, if you're excited about the whole crypto world and want to double down on your investment, guess what, you're out another 6+ days unless you want to use a credit card (high fees) or a wire (~$40+ total cost, but usually you have to go into a bank). So at this point you're at 3+ weeks. + +I know most of you are probably thinking that its just people who aren't in the tech world that are unaware of cyrpto, but even my coworkers who are top notch software engineers and certified geeks have no idea what's going on with it let alone how to look into it/get involved. + +It is important to bring things into perspective. And bring up the fact that the mass adoption needs isn't easy in the current environment. + +I believe this is up to the crypto community in large to move this to the big time. If someone asks, help them out instead of calling them a noob. If you have a blog, or youtube channel do a how-to get into the crypto world or something. Spread the words to friends, family, co-workers, but make sure they know they need to do their own research. We can't force people to believe in the technology, but what we can do is spread the word so that after people see 5, 10 post/articles they finally look into it. + +This all will succeed, there are major issues that all of this tech fixes. But the question is how long will it take for mass adoption? So with that in mind, don't get caught in the short-term bang or bust that has been crypto recently. Help spread the word, and remember to keep things in prospective. + +edit: I'd also like to add that if anyone does express interest that you should explain how important security is, and that they shouldn't get involved until they understand how the transactions work. Losing $$ because of lack of security/lack of knowledge about the tech will definitely be a killer of mass adoption. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I am looking for a way to regularly send money to an employee in Colombia. The best service I have come across is [Sharemoney](https://www.sharemoney.com/), which charges 4.4% in the exchange rate plus a $4 flat fee. + +&#x200B; + +**Given $100 USD** + +Basic exchange rate equals: *312,305 COP* + +Actual amount the recipient recieves with Sharemoney: *286,004.99 COP* + +Total amount taken away: **8.4%** + +&#x200B; + +Is there any way that Ethereum is cheaper? I understand there would be conversion costs from USD to Ethereum and Ethereum to Colombian Pesos. Also, how does the Colombian recipient actually convert the Ethereum to Colombian Pesos? What service would be best for them to use? Any other suggestions on this situation? +With all the BTC Hard Fork news and constant fighting between /r/bitcoin and /r/btc I'm looking at the Ethereum community and investing into it as my main cryptocurrency possibly and holding/hodling for at least 4 years. + +What do you guys suggest? Should I still maybe buy some BTC or other coins like Dash or Monero etc etc etc? + +Cheers. +Happy Friday (stressful Friday for me as I go down this rabbit hole)... + +So wife and I are thinking about starting to try for our first soon - we are considering private health... which kills me but here we are. For the sake of $x (big x) it is a peace of mind (private room is a big one), if something was to go wrong and then just general family pressure we will face if we do public. + +Would anyone have any advice on how to pick a private cover? or any positive experience with any? We are in NSW. I am thinking singles cover just for my wife. + +and... is there any other way of getting the experience of a private room through public. I know the private room isn't guaranteed in either. + +Appreciate any help! +I am in my final year of my finance degree and in the process of trying to find a job for next year. Keen to hear all of your experiences and how and what point of the year you got your job. Also is there anyone else graduating this year who has found a job for next year? +I just received an email from the real estate offering a lease renewal for 6 months with a $20/week increase in rent. Am I wrong in believing this is not really justified at this time? I was not expecting it at all, I see people on this sub requesting decreases in rent. + +I consider myself a good tenant. I’ve always paid rent on time and rarely bother the owners or real estate at all with repairs and requests, I do it all myself. Would they really want to risk me leaving and struggle to find a new tenant? Or do I have less leverage in this situation than what I imagine I do? + +Also, they’ve sent this 3 months out from my lease expiring and state that unless advised otherwise they will write up the lease. How long do I have before I request to deny that price increase or negotiate? + +I’m by no means attached to the place and happy to live elsewhere rather than pay an extra $20/week, but would like to stay at current price or less. + +What would my best course of action be? Suck it up or push back on them? + +Any other info that might help would be appreciated. +Thanks. +Everyone likes to talk about how property is much cheaper in America than Australia, but that wasn't my experience while renting in the States. I rent in a nicer, cheaper place in Australia than I did in the US. It seems like the US dominates the list of highest rental yields in the world: [https://www.numbeo.com/property-investment/rankings\_current.jsp](https://www.numbeo.com/property-investment/rankings_current.jsp) + +Anyone know why this is? +I must be missing something. What are the risks of putting the majority of my money in $QYLD? It looks like the strongest dividend return generator out there. Every month at the current price is a 1 percent dividend drop. That's a ceiling of 13 percent a year. I haven't seen that anywhere else. It looks pretty reliable since it has been around almost a decade. Only downside I can see is that Covid screwed it up big time, bringing it back down to levels early in its life. But to me that just screams buying opportunity. What else am I missing? +Sorry in advance if not allowed, but I’m looking for an app to use other than Robinhood and was hoping you guys would have some suggestions. If I do switch how does that work? Do I have to sell all my stocks and buy new ones on the new platform or is there a way to transfer them? + +Thanks in advance! +This sub seems to be one of the more educated ones in terms of investing so I thoughts I would share what I'm doing and get some opinions if anyone would be so kind to share their thoughts. + +I'm 28 and within the past year decided to try and get myself together in terms of investing and planning for the future. I don't make crazy money (under 50k) but am currently in a position where I don't have many expenses. I am a big fan of dividend paying stocks as I prefer a more passive investing style so here is my strategy. + +I have a Roth IRA and individual account. + + In the IRA, I have about 50% in FSKAX (total market index) and the rest in smaller cap growth stocks (mostly in energy and tech) that I plan on investing in for the shorter term while flipping my profits into FSKAX. + +In the Individual account, I focus on dividend payers with DRIP on currently in an attempt to build a future passive income source. This account is about half SCHD with the other half distributed into SPHD, DGRO, STAG, BLV, and JNK. I am also looking to add some more higher yield positions into this account as time goes on. + +I am pretty new to this whole thing but my thought process is, I don't have to pay taxes in the IRA so sort term investing works well and my income is low enough for now to make it so I do not have to pay taxes on the dividend in the individual (I think) so that makes that account the place for the dividend payers. + +Any thoughts on this? Is my thinking flawed? I would love to hear what other think and would greatly appreciated any advice anyone is willing to give. + +Thanks in advance and I hope everyone has a great day! +I’m looking for advice on my Roth IRA as a 21 year old. For the past few years I have been dollar cost averaging the majority of my paychecks into IVV (S&P500 ETF) in a taxable brokerage. My reason for this being that I plan to convert this to a dividend portfolio before the age of 60 so I won’t reap the tax benefits of a Roth anyways. However, I was thinking of opening a Roth IRA to begin dollar cost averaging SCHD in it so that I can reinvest dividend without being taxed as well. Does this plan logically make sense, or should I just continue with S&P for the time being? +Am I reading the financial statements right? Earnings per share for the quarter of a $1.37 they pay out $0.22 quarterly. + +What am I missing? There is a lot more to financial statements. Downloaded their 10Q and perused for a bit but nothing struck me as bad. I didn't read all of it. + +I'm thinking about gobbling up a 1000 shares. Not to mention they have been around for 25 years. +Hi all, just wondering the general consensus if it's worth taking a long term capital gains hit selling FDVV to get into the less expensive SCHD? I know this depends obviously on my very specific finances, but as a general rule of thumb.. is this something people are willing to do? Buying FDVV I had no idea SCHD even existed... but similar yield for way cheaper so I'm in. Planning to hold for a very long time. Thanks! +Hi all, + +Apologies if this has been asked before, if so please direct me to the earlier post and I'll delete this one. + +My question is this, is it better (as a 27 y/o) to invest in stocks with a strong dividend history vs stocks with a strong growth history. +E.g. AT&T pays an excellent dividend of >7% but their 5 year growth is a 20% decrease +Or say a Microsoft, who have a <1% dividend but in the last 5 years have grown >300% + +Not looking for right or wrong, curious to hear people's opinions. My gut tells me to target those stocks with a history of growth now, and transition to stronger dividend stocks when I'm looking for income. +Hi All! + +I recently saw a post on the sub regarding why SCHD was so loved when QQQ outperformed it —in total return— in the past ten years. The comments were very insightful, and one argument that stood out to me was that SCHD is great for growth and stable dividend income, something that is sought after for those who are in the position where they want stable dividends. I understood this to mean that SCHD is great for when you have funds and want stable dividends, and that there are better options for long term net growth. + +My question is: when you’re starting your dividends journey—like myself at age 26–would you opt out of SCHD for a different option that has greater net growth? And then when it’s time to retire, or growth becomes less of a priority and dividends & stability become a greater priority you switch back to SCHD? Naturally, I understand SCHD is not the option for maximizing dividends ( higher yield options exist) but at the same time I understand that SCHD has mythical status as a good balance of yield/ growth. + +Or, is this not even the proper mindset? As dividend stocks are for dividends, and not for raw growth? Aka is the answer for growth just to invest in an ETF like SPY and just let it sit? + +Also, love this sub and the community. Keep on keeping on! +On the one hand, I'm happy when I look at my portfolio, and see everything in the green "gain" status. + +On the other hand, this makes me sad because it means if I buy more, I'm paying more, reducing my yield. + +Maybe that's the signal to me find another new stock to buy. +hey everyone im fairly new too the didvend world and wanted to know if anyone could provide me with the best advice on dividend yield percentages. especially on high yields thank you all +Considering the ruble has just plummeted due to the war, wouldn’t it make sense to invest into their currency and when the bounce back happens, resell? +I'm trying to gather information regarding how people in different countries tax their trades. + +Do you do it by yourselves? Hire an accountant? Are there any other services ( thinking about services in crypto which automatically fills out tax forms, but for forex, if there is one ) that you use. + +I came to think about this when I taxed my crypto and how easy it was. But there is no such service for Forex right? So how do you people do it? +I keep doing this. I feel like I’ve pretty much mastered technical analysis at this point.. well not mastered cause we all learn more and more each day. But I’m consistent and I’d say 80% of my trades go my way. + +I trade off the 4H and I have a problem with taking my profits early in fear of it going against me. I��ll start to second guess my analysis. + +I’ll look at other pairs to see what they’re doing and it messes with my head and makes me question what my pair is doing to do. + +I’ll take profit then a day later more often than not it would of ended up hitting my actual take profit. + +This isn’t good because if I’m taking profits early, it completely messed up my risk ratio so when I lose a trade, it has the potential to be bigger than my profits since I cut profits short. + +My initial R:R is good, I just don’t let it play out. + +Any tips to how to get over this? +I'm new to forex and heard there are trading bots that can do the trading for you. Do they work perfectly and profitable? If they are, what would be the best bot as to your experiences? +Thank you. +The June Non-Farm Payroll report that came out on Friday showed a comparatively strong 222K vs 179k forecast new jobs, as well as an upward revision to May's numbers. Looking at all of the other data that came out at the same time, it looked relatively bullish, so why did the USD fall against the other major forex pairs immediately the moment when the numbers were released, closing much further down in the first minute following the announcement? + +I would have thought that the USD would have gone up the moment that it was announced because on the whole, the data showed strong performance when compared to previous months. +I could be using the term hedge incorrectly, and I could be under-thinking things, so apologies if this is a dumb or easily answered question. + +Say my brother and I both have an account and access to each others accounts. At this point I think we're still legal. Let's say that all my criteria are met and I believe EURUSD is going to rise. + +1 - Open Long on my account with 30p TP and 10p SL + +2 - Open short on his account (protection account) with 10p (or even 12-15 for a potential profit on a bad position) TP and 10p SL + +3 - it would obviously cut your profit down by a good percent if your prediction is correct but you effectively reduce your risk significantly. + +4 - there's a small window where the trade could hit both of your SL and knock you out for double on the trade, but that's fairly small risk and would require pretty specific turn-arounds at specific levels. + +I know I've had a few drinks today, but what am I missing? This sounds too easy and foolproof to be legit or everyone would be doing it. + +I feel this may get easier with time, experience, and the more confidence I get in myself regarding forex. + +No matter which side of the pillow I lay on.. if I have a trade open. There is no sleeping. I'm constantly checking the charts, and freaking out everytime I see even a sliver of a candle that goes the other way. It's a rush that keeps me awake. + +Anyone else going through that? + +Or have any tips for this? +Can somebody explain why all the forecasts predict a strong surge in the EUR/USD? The price level of 1.1914 is a pretty major resistance to break no? A lot of predictors have already assumed this point to have transitioned into support. From what I can tell, the EUR/USD has not been able to convincingly break this barrier since it slipped below this price level in mid-2018. It's worth mentioning that I'm super new to forex and am currently trying my best to understand the subject. + +&#x200B; + +Any help is greatly appreciated! +Well there goes my second account using a prop firm. What bothers me is that I pass the evaluation objectives, but when it comes to the real money I get stuck for months. No I'm not a yolo trader, both accounts took 4 months respectively to breach the rules. The wins are just fewer than the losses, the strategy I choose doesn't reach for 1:5 RR or stuff like that, mostly 1:1. Even worse, now I have completely lost faith in the strategy. I'm stuck... badly stuck. Would love to hear more experienced traders or traders that have been through hardships on their opinions on how to deal with constant loss, lack of profitability, losing faith in the strategy etc etc... I need to turn this around! +I'm not a big fan of prop firms , I like to build my wealth with my own help at my own pace . prop firms rules can enter in a conflict with my own rules etc .... or am I dumb for not wanting to go through prop firms ? ( am I the only one who have this vision ) ? +The course is at https://www.udemy.com/how-to-make-money-from-forex-using-my-daily-trading-system/ + +Use this coupon code to make it free: **RedditFree** + +If you would like to pay for it and still get a good deal, use this code: **Redditors** + +This gives you a 90% discount. + +Feel free to share this with anyone you know who might be interested. + +Thanks and I hope you guys find this useful. any thoughts or feedback is welcome! + +If you do like the course and find it useful, a nice positive review on there would be tremendously appreciated! + +**EDIT**: New free coupon code: **RedditFree2** + +Hello, + I came across an interesting money management system in Ryan Jones' book [The Trading Game](http://www.amazon.ca/dp/0471316989). I'll briefly describe what he means but if you'd like to checkout the book, you can do so. The book is pricey and the reviews are all over the place. + +**Fixed Ratio Money Management System** + +Ryan Jones explains it in detail in his book. However, this is my brief explanation with an example. + +* Starting with the balance in your account, for example, $1000. +* Decide on the number of pips per day goal on a mini lot first. So, if my goal is 200 pips in a month ( 20 trading days x 10 pips per day). +* Trading with mini lot only till you achieve 200 pips on your account. After gaining 200 pips increase your lot size to .2, and so on and so forth. + +**An example of fixed ration money management system** + +* **Month 1: $1000 ( 200 pips x .1 lot = $200), Total Balance: $1200** + +After one month of trading and making 200 pips, your balance would be $1200. Now, you can start trading with .2 lot size. However, if you did not make 200 pips, you continue with .1 lot till you do. + +* **Month 2: $1200 ( 200 pips x .2 lot = $400) Total balance: $1600** + +Same idea as before except it is a bigger lot size. You can't increase the lot size unless you make 200 pips with .2 lot. + +* Month 3: $1600 ( 200 pips x .3 lot = $600) Total Balance: $2200 +* Month 4: $2200 ( 200 pips x .4 lot = $800) Total Balance: $3000 +* Month 5: $3000 ( 200 pips x .5 lot = $1000) Total Balance: $4000 +* Month 6: $4000 ( 200 pips x .6 lot = $1200) Total Balance: $5200 +* Month 7: $5200 ( 200 pips x .7 lot = $1400) Total Balance: $6600 +* Month 8: $6600 ( 200 pips x .8 lot = $1600) Total Balance: $8200 +* Month 9: $8200 ( 200 pips x .9 lot = $1800) Total Balance: $10000 +* Month 10: $10000 ( 200 pips x 1 lot = $2000) Total Balance: $12000 + +Basic idea is that if you can make 10 pips a day average with $1000 starting balance, you can increase that to $12000 in 10 months. The idea is that you set your own goals and use this system based on your balance. + +What do you guys think of his system? One of the reviewers of his book called him a 'loser'. + + + +After the election, the pound went immediately half way down again, after climbing up abruptly. + +But my experience from the brexit issue over the last years are telling me, that bad news for the brexit is about to happen. + +My expection is unfortunately nothing more than a guess and not reason enough for a trade. + +So I wonder, what your forecasts are for this week +So uhh.. this will be the last thread that I post in /r/Forex/. Please feel free to take over this thread in the future. + +Thanks to everyone who's ever shared a chart in one of these threads! +Greetings everyone. So I’m a chart pattern trader. Flags, wedges, triangles. And I’ve noticed a very low win rate. Risk Reward is what keeps me going fairly well but I’m still close to break even most of the time. Any advice on how I can improve my trading? Additional confirmation, rules, filters? Thanks in advance. +Did any of you guys actually have any college experience before trying out forex? I find myself to be more on the lower spectrum of the IQ list hahaha +But I do read up on forex and I'd like to learn more. I'd just like to hear some true life stories and what it took for you guys to keep going after losing money. +I can make atleast 10% in a month using 0.5% risk per trade. Not sure if its enough to rely on it completely and quit my day job and switch career completely. + +Need advice from people who have become full time traders and quit their day job at some point. Please share how you decided that it was the right time to quit day job and what things did you consider before making that decision. + +And how did it go afterwards. +Hey guys, it would be nice to know a little bit about everyone here! :) + +So as the title states, personally, why are you trading? For extra income? Hoping to make it big some day? Or the pure love of trading? + +Also what are everyones goals? How long have you been trading and how did you start out? + + +I'm new to the concept of trading currency and wondering which currencies or pairs you have your eye on and why? Also wondering how you go about evaluating different currencies as good prospects. Lastly, how long do you typically hold on to a trade before converting it back to the base and how many trades do you make a week? + +Idk if this would be a good strat, but I am thinking of targeting national currencies with low inflation (or deflation) relative to my base currency (USD). Thanks for your insights, cheers! +Here is the thing I don't understand as a new trader. It seems to be fairly easy to me to earn about 1-5% a day trading without risking more than 2% of my balance. +As a simple calculation, it's easy for me to double my balance in 1 year. + +However, a lot of people say that professional traders earn less than 25% a year. + +I wonder if there is something I didn't know about trading with a high balance? + +I am very grateful for all of your answers. +Thank you. + +Update: I've lost 2 month consecutively (~20%). Maybe what other people said was true that you cannot always winning. LOL +Hi everyone, I’m still quite new to trading and I was trying to figure out the time different time Zones, but I everywhere I look they give different times (all with GMT). +For example: Asian (Tokyo) 00:00-9:00 GMT. But then I’ll find another site that says either: 00:00-8:00 or 22:00-8:00. +So I’m rather confused on what the actual times for these sessions are… +Any help would be much appreciated, thank you! +I'm 16 and I started trading about a year ago. I heard about forex through my sister' friend. He let me into his paid telegram groups for free and gave me a lot of free education. Through him I learned how to trade harmonics and supply and demand. He would often boast about his extremely high win rate (90%) and risk to reward usually being 1:10. Over time I got sucked into the world of telegram, always messaging my group members about trades, and whatnot. While trading his strategy my account never seem to grew no matter what I did. I soon realized that telegram was bad for my trading psychology so I started to ease off it, my friend on the other hand was addicted to telegram and never took time off of it. He then started a paid signals group, most of his signals were cancelled, never hit entry, or broke even. His winners were starting to become more rare and he would make different excuses for it each time. He would also tell all of us (telegram group members) that he was quitting telegram for a while, this would build support for him but every time he would come back to telegram within the hour, it even became a joke for us because we all knew he'd be back. Over time I started noticing more of his lies like for example when he gained a 100,000 dollar account from another investor, he told me he was on his way to a lambo, new house, and all that. I told him to make sure he gets paid and he assured me that he signed a contract and he was on his way to riches. A month passes by and he tells everyone that he never signed a contract and the investor doesn't want to pay him so he might have to get a normal job to support himself. Because of lies like this and other things I slowly started to stop trading and got out of forex after losing about 200$. So now I'm here, do you guys know any places to learn a good strategy or any good places for more in depth education? I want to get back into forex but through a different path, something not toxic and a strategy that actually works. I'm still young and ready to learn. Any advice helps. +Hi everyone. + +I'm new to Forex markets, been doing lately the babypips course. When the unemployment report has been released, my first guess was that EUR/USD would be going bullish (my reasonament is that the numbers are "bad" for the US economy, so it would cost more dollars to buy a euro), but its totally the opposite! + +Where I'm wrong? What I'm not looking at? + +PD. I suppose this question a product of my own ignorance, I'm trying to learn, please, don't be rude and thanks in advance! +Guys in my experience, I think Monday (afternoon—3pm Mountain daylight Time) until hours of Friday (6hours before market close) are best time to trade. Sundays are literarily the worst days and late Friday’s hours. What’s your take on this guys? What days are best for you. +Hello Everyone, first time poster here, so be gentle. I've been putting a lot of time and effort into researching the fx community, and even got my so on board with it. Now, I'm stuck with my own fears. I've finished baby pips and spent a significant amount of time on Investopedia. I've narrowed my brokers down to Oanda and plus500, both for different reasons. My concern is with being able to withdraw money from the real money accounts. Any experiences or advice are most welcome. Thanks. +For example could a sudden unexpected price change cause my stop loss to not be triggered? + +I would worry that this could lead to a margin call and wipe out my entire account +I have never understood the difference, but maybe as u wrote that out i got it...does the buy/sell limit enter you in the trade at a certain amount, and the buy/sell stop close your trade at a certain amount? +Over the past couple of months I’ve been learning the basics, paper trading learning various different patterns, indicators etc and I just wondered how long it took you guys to learn. I’m in no rush however just want to know from some more experienced geezas +I'm starting to really get into forex but I feel like I don't know a whole lot yet. What are some good sources to educate myself and know more like terms and work the programs? So far my broker is onada and the program I use is mt4. +I've heard this over and over and although I'm not super consistent in how often I trade forex, I haven't found it to be requiring a PhD to trade successfully. + +So my opinion is not relevant. I'm hoping to hear from others why it may not go well. Is it leverage? Is it volatility? +Carnival Corporation is selling a bunch of ships, and taking losses on most of the sales. The outlook looks worse and worse for cruise line operators this 2020. + +BUT if COVID-19 recedes quickly, travel will likely resume quickly. Rapidly declining fuel prices could also help benefit the cost structure to a greater degree, due to Carnival’s floating energy prices. + +Having said that I’m waiting for an entry price of $12, and I hope we scrape that today so I can hold some Carnival for the coming months. It’s more risk than I would usually take on, but I see potential upside. + +[Carnival posts 4.4 billion quarterly loss, forecasts more pain](https://finance.yahoo.com/amphtml/news/carnival-posts-4-4-bln-101516715.html) + +Below I’ve included the link to an article about the industry as a whole that I found insightful (posted May 22, 2020). From what I can tell, other cruise lines may be better positioned for coming out of this pandemic. Doesn’t change the fact that $CCL got hit hard as hell and is crawling out of the biggest hole. + +[Two top cruise line stocks to buy and one to avoid during the coronavirus crisis](https://finance.yahoo.com/amphtml/news/j-p-morgan-2-cruise-173425943.html) +Treat it like a currency, not a stock. If you treat it like a stock it will act exactly like a stock. At least this is my understanding. + +I'm not sure if there are secure sites like Ebay strictly for bitcoins, but there needs to be. + +**TL;DR; from user /brezzz** + +You're using the super simple bitcoin wrong and affecting it's robust value negatively. + + + +I watched a conference with Buffett a few months ago. Basically he had a chart of the top 30 companies in the world by market cap 30-40 years ago or so. Not a single company of those 30 are in the list of the top 30 companies by market cap today. + +So, which large cap stocks do you believe are our Sears or GE equivalent today? i.e. large cap companies that everyone believed there was a promising future for, that resulted either in mediocrity, steep decline in revenue/share price, or out right bankruptcy. + + +This subreddit, and frankly reddit, and the people who come on reddit, are too anti-libertarian, too anti-cypher punk, too anti-convoy, and too pro-KYC, you make mental gymnastics that cannot be sustained coherently with crypto, it endangers the industry and the intended point of the technology, such government powers will absolutely be used on you in the future by your political opponents, only a fool would get rid of due process and allow this type of financial surveillance, but of course 20 year old progressives are predictably fools. + +Punk 6529 made a post on twitter that got 20,000 upvotes about why the precedent Trudeau is setting is completely dangerous and unsustainable, and he did it without being bias towards the truckers. I deeply underestimated how progressive crypto reddit is. The core developers, core exchange CEO, and entire fintwitter and crypto twitter are drastically more conservative and libertarian than this, and virtually all of the infrastructure they have built is to attempt to slow down the government, any government for that matter from behaving the way in which Trudeau is now doing, + +&#x200B; + +yet here I see 600 comments on a thread with 1200 upvotes by someone going "Hey maybe Banks having this power is a bad idea" -- 600 comments defending KYC, defending CeFi, defending Pfizer, defending Ciphertrace & Chainanalysis & Elliptic, and defending Banks engaging in this behavior, and your willingness to trust the administrative state to not backdoor your crypto without due process, despite you literally defending the abrogation of due process. It makes me sick to my stomach. + +&#x200B; + +The intention of crypto was Monero, and specifically the separation of state and money, not to recreate Web 2 on chain, with thought crimes and Black Mirror surveillance like China, on chain, not for your stupid pumpanomics, not for your willingness to comply with these insanely censorious regulations that merely recreate the entire SWIFT system and US Sanctions Regime onchain, which they by the way use to do extremely imperialist, racist things on the regular. You people are utter fools. +I’ve struggled with depression and feeling hopeless my whole life. The timing is pretty terrible that I’m finally deciding to do this now. I’m finishing up community college this year and transferring to university in the fall. I have only about $10k saved and need every penny I can get for school. +a lockup expiration is a planned event. It is PRICED IN already. If it wasn't, folks could just simply print free money by buying PLTR puts the day before the lockup expires. + +Is this your first rodeo, you fucking retards? Do you honestly think that you are smarter than the market ? The lockup expiration will have no more of an effect on the stock price as 'oh its christmas time gamestop will sell more consoles!" will have on their stock price. ITS PRICED IN ALREADY. + +If it wasn't, people would just get rich by waiting for the days where lockups expire on publicly traded companies and make boatloads of money. + +The fact that PLTR is less institutionally owned than most of its competitors means that this lockup period expiration is a great opportunity for the big guys to jump in. + +UNCERTAINTLY drives DOWN stock price. My DD is simple. Without the uncertainty of exactly how many people will cash out their shares on Friday - the stock will rise like crazy. + +Today is the best day to jump into PLTR. You have a healthy dip followed by very low IV (after earnings) meaning options are CHEAP AS FUCK. March $31 calls look especially juicy. + +This is not financial advice, i am just another retard. + +Also here is snowflake's situation with their lockup expiration last month. https://imgur.com/BG2epdP 'but HOW did the stock rise in price if people were suddenly allowed to sell?!' Ill tell you how - the doom and gloom surrounding the event wasn't near what actually happened = to the moon. +Okay, I track Fidelity Lending and something big appears to be occurring: + +* Fidelity just went to "1MM+" Available Shares for the first time in months + +* IBKR just went to 1.1MM Available Shares + +* u/CalamariAce 's Post regarding [No longer able to sell COVERED calls in IBKR](https://www.reddit.com/r/Superstonk/comments/sik890/no_longer_able_to_sell_covered_calls_in_ibkr/?sort=confidence) + +Is this the **69** event?!?!? (As in "Reverse Uno") + +Need more eyes on this please... + +P.S. Apologies if this seems to be trying to drum up hype; not my intention. However, I am honestly perplexed by this sudden massive amount of "Available Shares" in both Fidelity and IBKR (Especially with Borrow Rates increasing) +I've been wondering... with all the trillions of dollars being printed since 2008... where's the hyper inflation? Germany sure got into trouble doing that. Then it hit me. It's right in front of our noses on the news every night. + +https://preview.redd.it/sfwjk7lttgj61.jpg?width=500&format=pjpg&auto=webp&s=66d6637de2e2f6d3b4787b244316af4087a4d56e + +I'll get to penny stocks in a sec but first I want to talk about inflation. Every government around the world is printing money like no tomorrow. But there's no inflation. WHY??? + +You already know this: If you have 1000 people in town and you give each one of them $1000 they will all run down to Walmart and bid up the price of the only TV in stock. That's inflation. The cost of basic goods, food, services, gas, is calculated in the Consumer Price Index (CPI). + +But with all the stimulus money and cash printing the CPI is stuck at pretty much zero. WTF?!?! + +Then it hit me. Most of the money is going to the ultra rich. I'm not making any judgement - but that's just the facts. And the ultra rich aren't going to be buying TV's. They have TV's. They aren't going to be filling up their pickup trucks more or buying more bread. They already have all of that stuff too. No mater how much money you give to the ultra rich, the consumer price index won't go up. + +So what DO the ultra rich buy? Yachts. Mansions. Football teams. I'm not going to check but I guarantee the price of those things is through the roof. And because that's not part of the CPI no inflation. + +But what else do the super rich buy? STOCKS! And that's why the stock market is at record highs even though Frys Electronics just closed 40 stores, the economy is in the dumpster and unemployment is at all time highs. That's why the stock market is detached from the underlying reality of the economy. + +Inflation is on the evening news every single day - the price of the STOCK MARKET as a whole as measured by the Dow Jones and all the rest. The market is going up because the ultra rich are bidding up the price of stocks just like the average joe would bid up the price of a new TV if they had the money. + +I've been worried that the whole stock market bubble will burst at any moment because it's detached from reality. But I don't think it can. At least not yet. + +If the Government ever foolishly hands the average joe a few grand, won't that trigger inflation? Nope... at least not right away. The average Joe is so far behind on his bills he can't run out and buy a new 80". So inflation will stay low for at least a year or two. Meaning bank interest rates, bonds and all the rest will stay low. The ultra rich will have to keep their money in the market. Or bitcoin. Or gold. But probably stocks. + +So the point is... don't stress about a market bubble collapse until you start to see inflation edging up. Your penny stocks suddenly start to make a bit more sense - a rising tide lifts all boats. + +Of course keep on doing at least a bit of DD and try not to hand your tendies to some scam startup out of China that claims to be mining Bitcoin on an abacus or something totally stupid. But at least you don't need to panic that a massive market crash is just around the corner. It isn't. + +TLDR; Rich people are buying stocks, the market will keep on going up. +I've been wondering... with all the trillions of dollars being printed since 2008... where's the hyper inflation? Germany sure got into trouble doing that. Then it hit me. It's right in front of our noses on the news every night. + +https://preview.redd.it/sfwjk7lttgj61.jpg?width=500&format=pjpg&auto=webp&s=66d6637de2e2f6d3b4787b244316af4087a4d56e + +I'll get to penny stocks in a sec but first I want to talk about inflation. Every government around the world is printing money like no tomorrow. But there's no inflation. WHY??? + +You already know this: If you have 1000 people in town and you give each one of them $1000 they will all run down to Walmart and bid up the price of the only TV in stock. That's inflation. The cost of basic goods, food, services, gas, is calculated in the Consumer Price Index (CPI). + +But with all the stimulus money and cash printing the CPI is stuck at pretty much zero. WTF?!?! + +Then it hit me. Most of the money is going to the ultra rich. I'm not making any judgement - but that's just the facts. And the ultra rich aren't going to be buying TV's. They have TV's. They aren't going to be filling up their pickup trucks more or buying more bread. They already have all of that stuff too. No mater how much money you give to the ultra rich, the consumer price index won't go up. + +So what DO the ultra rich buy? Yachts. Mansions. Football teams. I'm not going to check but I guarantee the price of those things is through the roof. And because that's not part of the CPI no inflation. + +But what else do the super rich buy? STOCKS! And that's why the stock market is at record highs even though Frys Electronics just closed 40 stores, the economy is in the dumpster and unemployment is at all time highs. That's why the stock market is detached from the underlying reality of the economy. + +Inflation is on the evening news every single day - the price of the STOCK MARKET as a whole as measured by the Dow Jones and all the rest. The market is going up because the ultra rich are bidding up the price of stocks just like the average joe would bid up the price of a new TV if they had the money. + +I've been worried that the whole stock market bubble will burst at any moment because it's detached from reality. But I don't think it can. At least not yet. + +If the Government ever foolishly hands the average joe a few grand, won't that trigger inflation? Nope... at least not right away. The average Joe is so far behind on his bills he can't run out and buy a new 80". So inflation will stay low for at least a year or two. Meaning bank interest rates, bonds and all the rest will stay low. The ultra rich will have to keep their money in the market. Or bitcoin. Or gold. But probably stocks. + +So the point is... don't stress about a market bubble collapse until you start to see inflation edging up. Your penny stocks suddenly start to make a bit more sense - a rising tide lifts all boats. + +Of course keep on doing at least a bit of DD and try not to hand your tendies to some scam startup out of China that claims to be mining Bitcoin on an abacus or something totally stupid. But at least you don't need to panic that a massive market crash is just around the corner. It isn't. + +TLDR; Rich people are buying stocks, the market will keep on going up. +**Why $SANP (Santo Blockchain Labs) Will Hit $1 Before 2022 ($0.01 to $1.00)** + +This DD will be split into 3 sections. Each section focusing on a different related entity. + +1. SANP/Santo Blockchain Labs +2. DNATags +3. ADA/Cardano + +In the coming mnths, SANP is in a unique position where it will receive catalyst/PR boosts from 3 different entities (Santo Blockchain, Cardano/ADA, and DNA Brands/$DNAX), all of which should drive SP up and support the narrative of long term viability and growth of SANP. + +^(\*Disclaimer: This is not financial advice. This is my opinion. I own shares of SANP.) + +# 1. $SANP / Santo Blockchain Labs + +Santo Mining Corp. is a publicly traded company on the Over the Counter (OTC) market, trading under the ticker symbol SANP. The company is run by a team of highly accomplished individuals, with a wide spectrum of experience and backgrounds. Santo has an interest in various stages of development companies, ranging from established, cash-generating businesses to early-stage development companies. The Company is aggressively looking for "Next-Gen" technology projects to invest or acquire globally. As we execute our strategies, our goal is to develop successful financial returns to maximize value for our shareholders. About Santo's Subsidiary N3. The Company operates and owns a Blockchain Software Development Company with its offices in Ho Chi Minh City, Vietnam called "N3 Technology". With a strong team of full-stack software engineers, we help organizations understand and deploy blockchain projects. We focus on unsurpassed quality at all the stages of the software development with ongoing post-production support by our software development team. About Santo's Subsidiary DNA Tags. DNA Tags is a joint venture subsidiary between Santo and Infinity Blockchain Labs Taiwan, DNA Tags has leveraged blockchain technology, Internet of Things (IOT) and Near Field Communication (NFC) to protect against the trade of counterfeit cannabidiol products, it includes Tamper Proof technology, traceability, use loyalty encapsulated into the blockchain technology. + +https://preview.redd.it/efr6aida1ui61.png?width=1006&amp;format=png&amp;auto=webp&amp;s=ebb3b780aca750c1b1a6a321b3b95b3969e37c11 + +https://preview.redd.it/c336ok0e1ui61.png?width=878&amp;format=png&amp;auto=webp&amp;s=4cd2198e92d3f11281aaa32bfc903462c0559c85 + +&amp;#x200B; + +**SANP is utilizing Cardano Staking Pools** + +“SANP announces the launch of its first of three Cardano ADA staking pools called SANTOPOOL with its PoolTicker: SANP; Cardano's cryptocurrency ADA, one of top 10 cryptocurrencies by market cap. Proof of Stake technology allows anyone holding Cardano ADA Cryptocurrency, to earn rewards for savings; just like a traditional bank pays interest. But unlike interest rates today, the expected annual return is 4%-10% a year.” + +[**SANTO Blockchain Labs Finalizes Deployment of Voycare**](https://www.einpresswire.com/article/535395030/santo-blockchain-labs-finalizes-deployment-of-voycare) + +Santo Mining Corp. dba Santo Blockchain Labs (OTC PINK:SANP) and its subsidiary in Vietnam [SAITEC](https://saitec.dev/) Technology &amp; Development JSC announces the finalization of the deployed Telemedicine site of North American Frac Sand, Inc. dba Voycare [www.voycare.com](https://www.voycare.com) + +During 2020 the team at SAITEC was diligently working on the development of the first digital health platform exclusively dedicated to women’s health in Asia, with the primary focus on the Chinese healthcare market. The platform is designed for American Doctors to provide second opinion services to patients in Asia. With the current global travel restrictions telemedicine and remote internet communications services are vital. + +**MAJOR UPCOMING CATALYST:** + +* Getting OTC Pink Current (\~10 Days Away, As Tweeted on Feb 19) + +"Good news folks... First payment done, waiting on credentials to update company profile. Next week we should have the anual payment subscription fee of $6K, once this is paid we can start uploading FINs. I believe we are 10 days away." (Tweeted at 11:33 AM on 2/19/21) + +**This alone is the next and only major catalyst that needs to be currently looked at in terms of Santo Blockchain Labs as a company. Becoming OTC current is a step that legitimizes the efforts that are being promoted, and allows a much greater number of investors access to trade SANP.** + +In my eyes, everything else coming from SANP is great, but is secondary until SANP becomes OTC Pink current. After SANP becomes OTC Pink Current, I believe the share price will rise above .04-.05 and never be back at this level.. + +&amp;#x200B; + +# 2. DNATags + +**DNATags™** prime directive is the authentication of products to ensure the consumer of its authenticity. + +**DNATags™** will be focusing on various industries in which there is an immediate urgent need for authentication of products such as in the Pharmaceutical, Cannabis, and Health and Beauty Aid. + +The company, (DNAX), has acquired 70% of the intellectual property (IP) and ownership rights to DNATags®, the **remaining 30% will be owned by Santo Blockchain Labs**. Under this agreement DNA Brands, will develop the marketing and roadmap to launch this software into the Cannabis, Pharmaceutical and Health and Beauty Care Industries; additionally, Santo Blockchain Labs with maintain, continue the development, provided technical support as blockchain technology, radio-frequency identification (RFID), near-field communication (NFC), Internet of Things (IoT) and other cutting-edge technologies emerge to provide consumers the trust and peace of mind while using DNATags®. + +[DNATags(TM) To Convert Ethereum Solidity-based Smart Contract To Cardano's Goguen Smart Contracts](https://finance.yahoo.com/news/dnatags-tm-convert-ethereum-solidity-140500242.html) (February 8, 2021) + +Key Points: + +* Santo Mining Corp. dba **Santo Blockchain Labs** (OTC PINK:SANP) owners and developers of DNATags™, today announces that DNATags™ will be converting its Ethereum Solidity-based Smart Contract to the **Cardano Goguen Smart Contract** +* Santo Blockchain Labs has been developing and deploying Ethereum Solidity Smart Contracts for over 4 years now +* Unlike Ethereum, Cardano uses a mechanism that handles the tokenization natively on the ledger instead of via smart contracts, making all tokens in the Cardano blockchain follow the same logic and be inherently supported. This will ensure scalability, performance, and reduces transaction costs. +* **DNATags™** prime directive is the authentication of products to ensure the consumer of its authenticity. +* Users will have the ability to earn **DNARewards™** native tokens as they scan products to ensure their authenticity. These DNARewards™ will interexchange with other coupon rewards systems or can be converted to the native Cardano, ADA cryptocurrency. +* **Adrian McKenzie, CEO of DNA Brands, stated, "We are rolling out a branding, marketing, and revenue-generating roadmap to launch DNATags™ and DNARewards™, in the weeks to come we will make public this roadmap"** + +[DNATags(TM) Files For Trademark](https://finance.yahoo.com/news/dnatags-tm-files-trademark-133500739.html) (February 17, 2021) + +Key Points: + +* DNA Brands Inc. (OTC PINK:DNAX) in collaboration with Santo Mining Corp dba **Santo Blockchain Labs**, (OTC PINK:SANP) are pleased to announce they have filed with the United States Patent and Trademark Office (USPTO) the trademark for DNATags™ +* DNATags™ are an authentication technology focused on the **$17 Billion anti-counterfeit packaging market** +* DNATags™ are in the following classes: + * **International Class -009** + * Downloadable computer software for managing and validating cryptocurrency transactions using blockchain-based smart contracts; Downloadable computer software for managing and verifying cryptocurrency transactions on a blockchain; Downloadable software for blockchain-based inventory management. + * **International Class -016** + * Marking ink containing biologics for use in authentication of objects + * **International Class -035** + * Compiling indexes of information using blockchain technology + * **International Class -036** + * Blockchain-based payment verification services + * **International Class -042** + * Providing user authentication services using Blockchain for e-commerce transactions; Providing user authentication services using blockchain-based software technology for cryptocurrency transactions; User authentication services using single sign-on technology for online software applications; User authentication services using technology for e-commerce transactions + * **International Class -044** + * Maintaining patient medical records and files using blockchain technology +* **DNATags™** will be focusing on various industries in which there is an immediate urgent need for authentication of products such as in the Pharmaceutical, Cannabis, and Health and Beauty Aid +* "Counterfeit pharmaceutical is one of the most profitable sectors of global trade in illegally copied goods. Fraudulent drugs harm and even kill millions of people across the globe. It causes serious damage to the brand names of big pharmaceutical manufacturers. In November 2017, the WHO determined that fake medicine estimates for 10% in total of USD 300 billion in the pharmaceuticals industry, particularly in low- and middle-income countries. The increasing public use of online pharmacies coupled with the new mass producer of counterfeit medicines has widened the market for falsified drugs." + * \- *Verified Market Research 9/22/20* +* "Anti-Counterfeit Packaging Market Worth **$ 17.47 Billion**, Globally, by 2027 at 17.25% CAGR: Verified Market Research" + * \- *Verified Market Research 9/22/20* + +https://preview.redd.it/u8b0u6r61ui61.png?width=1017&amp;format=png&amp;auto=webp&amp;s=f1bc19c85b07eec4e7d993f3b02f13b46098a011 + +**Possible Upcoming Catalysts for DNATags:** + +* Branding, marketing, and revenue-generating roadmap to launch DNATags +* Updates on Trademark/Patent Process +* Adoption of DNATags/DNARewards by companies, partnerships +* Any PR from DNA Brands about growth/develpment + +# 3. ADA/Cardano + +I will start by saying I am not a crypto enthusiast. I have limited understanding of blockchain tech. That being said, I am a huge proponent for sector sentiment, and I believe that bitcoin/blockchain, and in turn cardano, are going to continue growing. + +Here are some resources I have found that help explain Cardano, and why has the potential to be a key component in the future of blockchain: + +https://preview.redd.it/k7xdu2031ui61.png?width=998&amp;format=png&amp;auto=webp&amp;s=cfe27dd2a88dff68c557edeab048f09d4d6dac1d + +**Cardano - Simply Explained** + +[https://www.youtube.com/watch?v=Do8rHvr65ZA](https://www.youtube.com/watch?v=Do8rHvr65ZA) + +**Cardano approaches a new major upgrade as ADA posts an inspired rally** + +[https://cointelegraph.com/news/cardano-approaches-a-new-major-upgrade-as-ada-posts-an-inspired-rally](https://cointelegraph.com/news/cardano-approaches-a-new-major-upgrade-as-ada-posts-an-inspired-rally) + +**Why Cardano Will Explode in February** + +[https://www.youtube.com/watch?v=Ny06jby62L0&amp;feature=emb\_logo](https://www.youtube.com/watch?v=Ny06jby62L0&amp;feature=emb_logo) + +**Potential Upcoming Catalysts:** + +[IOHK on the Brink of Securing a Massive Cardano Government Contract in Africa](https://cryptoslate.com/iohk-on-the-brink-of-securing-a-massive-cardano-government-contract-in-africa/) + +# TL;DR + +$SANP (Santo Blockchain Labs) is in a very unique position for immediate intergalactic travel for the following reasons: + +* It is the only (that I could find) **Cardano focused security** that is traded on NYSE, NASDAQ, OTC. So if you are bullish Cardano, this is extremely exciting. +* Recently announced a massive product (DNATags/DNARewards) which leverages **blockchain technology** (emerging tech) using Cardano/ADA (top 5 cryptocurrencies) to address a **17 billion annual anti-counterfeit packaging market** in emerging industries such as cannabis, medicine, health, wellness, beauty, and more. (I see this as an immediately commercially viable product) +* Sold 70% of DNATags to $DNAX to handle branding, marketing, and revenue roadmap (retains 30% ownership). Allows $SANP to focus on upcoming projects while $DNAX will commercially deploy the product. +* Is not OTC Current (yet) which is causing skepticism/reduces total investors (suppressing SP). Once PINK current, share price should reflect, and these prices will be long gone. **OTC Pink current is expected within \~2 weeks**. +* Bitcoin/Blockchain is exploding. So Cardano is exploding. ADA is positioned for a massive spring in terms of updates, deals, adoption etc. It is considered a Generation 3 (Bitcoin-Gen 1, Eth-Gen 2). It is set to be completely decentralized and is one of the only cryptocurrencies that addresses the ability to scale long term. + +I am **super bullish on Cardano/Blockchain** moving forward, and believe that **$SANP** is going to show a similar trajectory that we saw with **$ENZC**, **$TSNP** etc, as it looks to focus on everyday applications for the Cardano network. + +If you dig through all of the above, I am confident you will develop the same bullish sentiment that myself and many others have over developed over the last few weeks regarding SANP. + +Will be posting further updates on $SANP on Twitter @ canecoleman + +As always, BOL in all your trades (unless you short SANP then fck you) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Edit for Additional Information: + +[SANTO BLOCKCHAIN LABS LAUNCHES NEW WEBSITE AND CORPORATE PROJECTS](https://www.ktvn.com/story/43124302/santo-blockchain-labs-launches-new-website-and-corporate-projects) + +From a Jan 4, 2021 PR, Santo Mining Corp listed the following corporate projects for 2021. + + • 2020 State of Florida Amended Annual Report ✅ + + • State of Florida Fictitious Name Registration (SANTO Blockchain Labs Corp.) ✅ + + • 2021 State of Florida Year Annual Report \[Work In Progress\] + + • Application for OTCIQ \[Work In Progress\] + + • ADA Stake Pool (SANTOPOOL1) ✅ + + • 8Q’s &amp; 2019, 2020 YearEnd Financials \[Work IN Progress\] ETA 45-60 days + + • Current PINKOTC \[Work In Progress\] ETA 60-90 days + + • DNATags ✅ + + • Skullys \[Work In Progress\] ETA 120-180 days + + • PIXA.ART \[Work In Progress\] ETA 120-180 days + + • Dividenz \[Work In Progress\] ETA 120-180 days + + • SAITEC fully operational and in the black + +**SANP has been on time and transparent about all of their goals for the first half of 2021 and has truly laid out a plan of action for the year. They have yet to give me a reason not to trust them as a company at this point, and I continue to be extremely bullish based on the countless catalysts ahead for Santo, DNATags, and Cardano/Blockchain.** +My finances have been a disaster lately and I’ve been trying to be more responsible with my money. I’ve cut out unnecessary subscriptions, shop very frugally for groceries, and feel like I’m on my way to getting things right. But man does it suck being on a tight budget sometimes. + +Every summer I’ve gone to this music festival, I’ve gone for the past 11 summers in a row and it’s always been a blast. Something I look forward to all year long - I would skrimp and save and sleep in the car, so I wouldn’t have to pay for a hotel. Anyways this summer is the last festival, and tickets were way out of my budget. It was totally out of the question and I was so heartbroken. Maybe it sounds ridiculous, but this festival was always something special to me and now it’s ending. It sold out and that was that. Now they just released more tickets (not an April fools joke) and I’m dying. I’m sitting here at work with enough money in my bank account to buy them, but I need to pay rent. Cue being responsible... every part of my being wanted me to buy those tickets and have something to look forward to. But I didn’t. I’ll save the money to pay rent. + +Anyways, just venting. I feel horrible that I’m missing out on this. This music festival represented a place where I could be myself. It was a source of independence for me, and always endless fun. Sad I’ll be missing it but a roof over my head is more permanent. Trying to make bigger and better changes. Thanks for listening. +Just read an article on Barron’s and of course they have declared the transition from the Russell 2000 to 1000 is bad for GME (they also noted that AEmmCee won’t be making the transition, so indirectly stated that this is bullish for them). +Now they are going to be a small fish in a big pond, as opposed to big fish in a small pond. + +I say, just watch them grow in that big pond! With how many synthetic shares are in circulation, the actual market cap of GME has to be huge! Imagine when all this shakes out…GME is going to be a big fish in a big pond, with a loyal customer base and a stacked management team! +CA resident that earned $4M pre-tax in early 2018, all long term gains from a business that was sold. I’ve talked to a few advisors and I feel that I’m not a big enough fish at $2.5M post-tax and won’t get value or service out of active management. I wanted to validate my strategy with the sub. + +**Relevant background:** + +* ~33yo, married, no kids yet +* ~$350k combined income +* tolerant of some risk, but have an interest in preserving capital +* don’t want to buy a home immediately +* have an existing emergency fund +* paid off student loans recently +* several smaller ~150k payouts coming in 2019 + +**Current holdings:** + +* $1.5M for taxes in CD @ 2% +* $1M cash in high yield savings @ 1.75% ($750k future house fund + $250k extra) +* $500k total US ETF +* $500k CA muni bonds @ 2.12% (tax free aside from AMT) +* $250k international ETF +* $100k various individual companies + +Yes, this is very cash heavy at the moment. Going for a fairly simple 3 fund portfolio, nothing complicated. The extra $250k was earmarked for the international ETF but the trade war + lagging Chinese economy + EU/Brexit situation made me hold off. + +What does this sub think about muni bonds? I am mostly interested in not increasing my already giant tax bill, and use the income to cost average into the domestic market. I know holding bonds isn’t great while rates are raising, but it’s also a hedge against any possible recession. I realize that I could just throw it into the domestic ETF and get a better return and pay the cap gains. Advice? + +If a recession were to happen, I am comfortable aggressively dipping into the house fund and would sell the bonds. I know “time in the market” yadda yadda. Should I just abandon the bond strategy and go all in on the domestic ETF? + +**Estate Planning:** + +How have folks set up their trusts? Do you hold all of your assets within it or keep retirement accounts outside of it? + +Any advice for structuring a post-nup to sit alongside the trust? We are definitely in it for the long haul but had discussed (pre-windfall) plans should we get divorced. Better to decide these things now while we love each other and can think rationally about it. Especially looking for advice when most of the assets were brought into the marriage from one spouse. + +**Getting to FIRE:** + +I am working towards getting this money invested in a strategy I am comfortable with, paying off ‘18 taxes and seeing where the passive income levels sit. Goal is to reinvest until we can cover our ~$125k current spending in a HCOL city, of which $54k is rent. Possibly move to a MCOL city to speed that up and also buy a home. We don’t want to buy in our current market. + +I am financially successful 48 year old with enough money to retire now. I want to retire but don't know what would I do if I quit tomorrow. +I don't think I have any Grand passions or hobbies to which I could devote my life . + I have a good group of friends but they will all be working. +The kids are still in school so travel will be restricted for many years to just school holidays. + +And to make it all worse all my life I have been what I do. My identity and worth were all with my job and I spent 60+ hours on my work each week. + +Have other people on this forum thought about these issues? How did you deal with it +37/M, NW 3.6M. Goal of FatFI by early 40s. Throwaway account, for obvious reasons. + +**Background**: I've been working at a FAANG for roughly a decade, currently at L7/E7 level. The path to L8/E8 seems difficult on my current team--there aren't many projects left that could move the needle enough to justify that promo. The work is tolerable--I like my team and have a good work-life balance. It's also incredibly boring and meaningless--the amount of bureaucracy keeps growing and opportunities to move the needle keep shrinking. I'm still getting good performance reviews, but I haven't felt I've done anything impactful in about a year. I feel zero motivation on Monday mornings because the link between effort and tangible accomplishments has become so delayed and attenuated. + +**Paths Forward:** + +I'd like the FatFIRE community's perspective on the following options, including how much compensation upside there is relative to a typical L7/E7 FAANG salary. I care about extra compensation mainly to accelerate my FatFI timeline. + +1. **Rest and Vest:** Stay in my current role. Enjoy the stability and work-life balance. Focus on relationships and hobbies outside work. Accept that FatFI timeline might be faster via some other paths and accept boredom as the price of stability and good work-life balance. +2. **Switch teams within current company:** This might lead to more interesting work and more chance for promo. It might also lead to more stress and worse work-life balance for no immediate compensation boost. +3. **Interview at Other FAANGs** and try to negotiate a compensation bump and/or get onto a faster growing team with more upside. The advantage over (2) is that it *might* be easier to negotiate an immediate compensation bump and/or there *might* be less bureaucracy at other FAANGs. +4. **Interview at non-FAANGs**: Consider options like startups, finance. The potential upside is higher compensation, especially in the upper tail of the distribution. The obvious downside is worse work-life balance. +5. **FIRE sooner rather than later**, accepting a chubby FIRE rather than a truly fat FIRE. The problem here is that my earning potential will decrease rapidly, so this is a mostly-irreversible decision if I come to regret it. +I’m just curious to see what some of you guys have “won” off of in the past. I’m not looking for anyone to shill their *current* altcoin favorites either. I’m specifically interested **only** to hear about any monumental gains you’ve made off of an altcoin that you dumped a ton of fiat into. I’d assume most of you would rather give percentages rather than the fiat amount so I’d encourage that. + +Things I’d also like to know in your comment: + +Did you hold conviction with the crypto’s utility or use-case(s) prior to your entry, or was it just a YOLO because you thought it would catch hype? + +Did a low market cap/circulating supply affect your decision to buy in? + +What was your entry and exit price (if you remember)? + +Did you sell near the top or hold through the pump and become a bag holder? + +I’m interested to hear your stories! + +Personally, I threw a decent amount into a low market cap alt (won’t reference it specifically to avoid a shill) a few months ago and was up over 650% after about 45 days. I sold off a good amount and continue to hold 2.5x my initial investment. +[Paywalled article](https://www.wsj.com/articles/forget-the-4-rule-rethinking-common-retirement-beliefs-1518172201) + +Forget the 4% Rule: Rethinking Common Retirement Beliefs +Three retirement-savings rules come into question as stocks and bonds get more expensive and retirements last longer +By Anne Tergesen, Feb. 9, 2018 5:30 a.m. ET + +When saving for retirement, calculate your “number”—the amount you’ll need without running a big risk of depleting your savings. When in retirement, spend no more than 4% of your initial balance, adjusted annually for inflation. And when investing in retirement, start out with a relatively high percentage in riskier assets like stocks and increase your exposure to safer bonds as you age. + +These are some long-held rules that most retirement scholars and financial advisers espouse. + +But with both stocks and bonds expensive by historic measures, and people having longer retirements, researchers are rethinking these rules to better manage the risk of a market decline. + +“Retiring now is pretty dangerous,” says David Blanchett, head of retirement research at Morningstar Inc. “No one knows what will happen in the future, but among those who make forecasts, there is an expectation for lower returns.” + +Here, ways in which three retirement-savings tenets are changing: + +The 4% rule + +Conventional wisdom says you can withdraw 4% from your savings in the first year of retirement and give yourself an annual raise over the next 30 years to keep pace with inflation without a significant risk of going broke. + +For someone with a $1 million portfolio, the formula produces an initial income of $40,000 and—assuming inflation of 2.5%—an increase to $41,000 in year two. + +But in recent years, the rule’s safety has been questioned. While 4% would have worked over every 30-year retirement from 1926 on for an investor with 60% in large-company stocks and 40% in intermediate-term U.S. bonds, it failed in almost half of the simulations researchers recently ran using forecasts of future, rather than past, returns. + +As a result, “3% is the new safe withdrawal rate,” says Wade Pfau, a professor at the American College of Financial Services in Bryn Mawr, Pa., who ran the numbers with Mr. Blanchett and Michael Finke, also of the American College. + +What should you do if you want—or need—to spend more than 3%? + +Consider a dynamic approach, Mr. Blanchett says. Many dynamic strategies set their initial withdrawal rate for a 30-year retirement at about 5%. But they require users to cut spending in a year in which their portfolio loses value. + +One simple example calls for forgoing inflation adjustments following any year in which your investments sustain losses. The downside: Inflation-adjusted income is likely to decline over time. + +A second method, dubbed “the guardrail approach,” provides more latitude to raise spending. + +Say you retire with $1 million in a portfolio with 60% in U.S. and foreign stocks and 40% in bonds and withdraw 5%, or $50,000, in year one. At year-end, you must recalculate your withdrawal amount as a percentage of your new balance. Assuming your portfolio declines 20% to $800,000, your $50,000 withdrawal—plus an annual adjustment for inflation—now represents more than 6% of your new $800,000 balance. + +Any time your withdrawal rate rises above 6%, the rule imposes a 10% pay cut for the next year, says Jonathan Guyton, a financial adviser and co-creator of this strategy. As a result, after adjusting the $50,000 initial withdrawal—to $51,000, assuming 2% inflation—the method imposes a 10% pay cut, of $5,100, to produce a $45,900 withdrawal in year two. + +The good news: You can take a 10% raise following years in which your withdrawal rate falls below 4%. + +In years in which your withdrawal rate is between 4% and 6%, simply adjust your most recent withdrawal—$50,000 in this example—to keep up with inflation. (But don’t take the inflation adjustment following any year in which your investments lose money.) + +Finding your ‘number’ + +This rule calls for amassing a specific dollar amount, such as 10 times your current salary, before retiring. + +But that can be dangerous, Mr. Blanchett says. + +Why? During a bull market, your balance may rise enough to tempt you to save less or retire early—setting you up for trouble if the markets reverse course. + +A better approach, Mr. Pfau says, is to avoid looking at your balance and focus instead on saving a consistent amount annually. + +Mr. Pfau recommends that someone with 30 years until retirement and a portfolio with 60% in stocks and 40% in bonds save about 16.6% of their annual income a year. A person who plans to work for 40 years should save at least 8.8% a year, he added. + +Those savings rates would have been high enough to replace half of pre-retirement income over the past 150 years, even amid poor stock-market returns. (When combined with Social Security, the average replacement rate rises to about 80%.) + +Sticking to a glidepath + +According to the conventional wisdom, people just entering retirement should have a significant portion of their savings—say, 40% to 60%—in stocks to help their nest egg grow. As they age, most should gradually reduce their stock exposure to protect against market declines. + +But a recent study by Mr. Pfau and Michael Kitces, director of wealth management at Pinnacle Advisory Group Inc. in Columbia, Md., finds that those who take the opposite approach—by reducing stock exposure in the initial years of retirement and then gradually raising it over time—are likely to make their money last longer. + +According to the research, those who start retirement by reducing their stock holdings to 20% to 30% of their portfolio and end up with 50% to 70% in stocks can withdraw 4% of their balance per year and give themselves annual raises to compensate for inflation over 30 years, even in the worst market scenarios. (The authors based these simulations on historical market returns rather than accounting for the lower interest rates facing today’s retirees.) + +In contrast, those who keep 60% in stocks throughout retirement or who taper to a 30% stock allocation from 60% are likely to run out of money after 28 years in the 5% of worst-case scenarios, says Mr. Pfau. + +Of course, if stocks fare well in the early part of retirement, those who use the conventional approach will come out ahead. But the new approach provides better downside protection in the years right after retirement, when retirees are most vulnerable to financial losses. If a bear market occurs then, a portfolio can quickly be depleted by market losses and withdrawals. + +Write to Anne Tergesen at anne.tergesen@wsj.com + +I’ve been a huge lurker in this community for the past year or so and credit it to helping me getting started to become financial independence while still young. + +I wanted to share my experience since I see so many high paid tech workers posting here but few blue collar workers. It’s possible to earn a great living trucking and become financially independent. + +I started truck driving a year ago with a $4,000, 4 week CDL “school”. I applied for a T.W.I.C., hazmat background check, passport and got all endorsements on my license (tanker, double/triples, hazmat). Within about 5-6 weeks I was all set to begin a career in trucking. + +Now there is a myth that you need to start trucking with a crappy company and work your way to a good one after you “pay your dues” for a year or two. That is completely false. + +You have several types of truck drivers. + +Dry Van + +Refrigerator Van (dry van with a a/c unit) + +Tanker (think gas trucks) + +Flatbed + +Oversized and/or overweight + +Dump truck drivers + +You can be a local truck driver or an over the road (OTR) truck driver. I am and have been doing OTR driving for the past year. + +Now to make good money, about $75k-$110k, you need to specialize: flatbed/tanker/oversized/oil fields will make you that type of money. + +Husbands and wives can drive the same truck together and “team”. This can effectively double a single truck drivers income. So $150k+ going to the same household. + +I have averaged about $1,700+ a week this year. I’m on track to do about $90k for the year. I specialized and got hired on at a great company from day 1. + +I was previously married, owned a house, had high credit card debt, etc I filed for chapter 7 bankruptcy. Moved all of my belonging into a relatives house and took up the job. I went from nearly 300k in debt 18 months ago to having 0 debt (thanks to bankruptcy) and a NW of about $60k. + +I have very little expenses, cell phone, food and child support. + +If you want a high paying job, want to cut your overhead expense and be homeless like me, go for it! It’s insane that in a bit over a month nearly anyone can be trained and ready for a career making this type of money. + +I’ve made stupid mistakes in the past but I have learned from them. Thanks to reddit and the many books I’ve read, I’m certain I will be financially independent in the future. If I can help or pass on any knowledge about being or becoming a trucker please don’t hesitate to ask. +Good morning, here's my watch list: + +Gap Ups: LMND, NET, NFLX, NIO, SPAQ, TLT, WAFU, WIMI + +Gap Downs: UAL + +Day 2 Plays: ROKU, SPCE + +Very small list today. Not many good gaps. We saw a big fade off yesterday. The SPY and QQQ looked great for follow through but IWM is having trouble breaking back over resistance. If the market pulls pack more today, I may try to jump in UVXY for a quick trade but we could possibly be setting up for an inside day. Either way, today is a day where patience can pay off. Look for good entries and wait for the market to establish some sort of direction before jumping in. Quality over quantity. Hopefully things pick back up in the next couple weeks when companies start releasing earnings reports. If you don't feel comfortable, don't feel bad about sitting out and watching. This is a good day to run scans after the open to find movers. Good luck trading and have a good weekend. See you Monday + +&#x200B; + + \*I do not add stocks under $5 to this list. If there is a stock that is under $5 here then it was above $5 when I added it\* +I am running an experiment with a $9500 USD account. + +Trading instrument: stock/options + +Parameters: long only + +broker: Interactive broker + +Scanner used: finviz ( this video explains how I use it on a daily basis: [https://youtu.be/FMeJ-khESFQ](https://youtu.be/FMeJ-khESFQ) ) + +Day 1: $518 + +Traded 2 stocks: $INO $VXRT + +&#x200B; + +https://preview.redd.it/b96me8wn3na51.png?width=671&format=png&auto=webp&s=1480cc232c24b4c71690aee3e4d76caec3116d92 + +https://preview.redd.it/uifw2swn3na51.png?width=666&format=png&auto=webp&s=457e8a632b1cbb870f3052bf2b589d0e5cdd7c1b + +https://preview.redd.it/f5rxwrwn3na51.png?width=496&format=png&auto=webp&s=66fc28102d8be1423d3afd0c53ce4ce614d5ee2c +Right after the market closed Fitch downgraded the U.S. from stable to negative. + +[https://news.yahoo.com/fitch-downgrades-us-outlook-negative-stable-213133417.html](https://news.yahoo.com/fitch-downgrades-us-outlook-negative-stable-213133417.html) + +Any thoughts on this? Seems like bad news is good news now or days. 18 weeks of one million or more people filing for unemployment. Stocks go up. 40% of all restaurants have closed according to yelp. Stocks go up. Cities and States facing large budget deficits. Stocks go up. + +Think it will be the same Monday? +Now since we've heard about Marketwatch's shadiness over the past weeks, I checked Yahoo finance for GME premarket this morning. However, as I could not see volume noted anywhere I sighed and went to check marketwatch regardless. + +I ended up on their premarket screener, and I'm sure you can imagine the surprise when GME (Up over 8% on 100k+ volume), was nowhere to be seen. Not on their Leaders. Not on their Most Active. + +Seems like quite the oversight for a website that relies so heavily on reporting accurate market data to its users. + +Now I'm sure it'll be chalked up to a technical error and they'll just try and brush it off. + +Goes to show though, Best case scenario for them, they're an unreliable source. Worst case scenario, they're complicit in market manipulation. + +&#x200B; + +https://preview.redd.it/yl0abmspb4u61.png?width=1187&format=png&auto=webp&s=d6de7c0238c48316a1f3fb490abb98986cb10a62 +I hold ETH. I've been hodling for a while and actually invested a large portion of my net worth in it. But I give zero fucks about the new all time highs and feel nothing on corrections. Why? Because HODL doesn't mean waiting for the right moment to trade back to USD. It means waiting for the time when we can buy real goods and services with ether. It doesn't matter if ETH costs $1K $1 or $10K. What matters is what type of goods and services we can buy with it in the next few years. +In order for this to happen, we need more eCommerce who are willing to accept ETH, more apps and even more games. +I don't plan to ever sell my ETH to USD. But I am hoping to pay for my next flight, car, boat or house with ETH. + +So yesterday, yet another rug was pulled, by no other than one of SafeMoon's team members. + +Let's dissect: + +# What is Surge Token and it's Tokenomics? + +According to their website: + +*SURGE is the definition of a powerful crowd with a lust for upwards movement. Revealing the first token to present features such as liquidity recycling and boosts, harmonizing buy-back features, and deflationary forces in a trailblazing and unrivalled way. To survive the perilous conditions of outer space one needs state-of-the-art technology. SURGE equips the community with this technology.* + +*Imagine a token with two kinds of harmonizing buy-back features, in which one is completely independent of volume, this potentially enables the most powerful upward movement yet to be seen in the space by existing tokens.* + +*Holders can call the "Upsurge" function, which removes up to 10% from the SURGE/BNB liquidity pool and splits the pair:* + +*⁃ 99.75% of the SURGE is sent to the black hole (= burn address) and 0.25% rewarded to the caller* + +*⁃ 96% of the BNB is used to buy SURGE and 4% sent to the marketing & development fund. Bought-back tokens are sent to the black hole (= burn address)* + +*This applies the first buy pressure not directly linked to volume. In addition, it creates the two first deflationary forces. The result is pretty simple; positive price action.* + +# Who created Surge? + +*SafeMoon Mark -* Yes, he really calls himself that. Who is this SafeMoon Mark guy? Well, most SafeMooners will argue that he was just a college kid and an early investor of Safemoon that started doing YouTube videos made of hopium and fancy math, he was quickly embraced by the community and the Devs ended up hiring him. To me, this is nothing but a publicity stunt, Mark was with them all along. Keep in mind that SafeMoon Mark has never, ever, showed his face, even on AMAs. Oh, and he recently changed his name from SafeMoon Mark to DeFi Mark. + +A few weeks ago, Mark announced on his Twitter that was releasing a new coin called Surge - All amidst the whale sell off in SafeMoon, needless to say, a lot SafeMooners didn't like the idea, they felt betrayed by what they thought to be, "the voice of the people". Regardless, some others decided to give it ago, most of these people, Safemooners, of course. + +&#x200B; + +https://preview.redd.it/slbsd88txvh71.png?width=1196&format=png&auto=webp&s=6772369457f5aeaf9e07fe83b54e79000c8b9b21 + +# What was promised with Surge? + +Basically Surge Token was "rug-pull proof", and according to their tokenomics, the price could "ONLY go up". + +How many times have you heard something along the lines of - "If they have to tell you they're rug-pull proof, they'll most likely end up rug pulling" + +Now this is where the plot thickens. + +# Discord Hack Warning + +A screen-shot from their sub claims that Mark was warned about an exploit on the smart-contracts: + +&#x200B; + +https://preview.redd.it/bx9acn02yvh71.png?width=1406&format=png&auto=webp&s=467ce55d86171706026ff4ce0c49752a9d39c279 + +The next day the Surge Token Twitter publishes this: + +&#x200B; + +https://preview.redd.it/o4aq8a0eyvh71.png?width=1374&format=png&auto=webp&s=319b59f6df8d17baa2c7a3bbb9e1e88f462736ec + +&#x200B; + +Did they just...? Yes, they literally told millions of people that there was flaw in their smart-contracts that could be exploited. It's what I call playing dumb, now the "hacker" could be anyone, great way to cover your ass, Mark. + +&#x200B; + +Anyway, just 20 minutes after this announcement, this happens: + +&#x200B; + +&#x200B; + +https://preview.redd.it/h9sfm5ulzvh71.png?width=1194&format=png&auto=webp&s=43b1c9f74b30840c343ac36dcaa2cd985b9a37f8 + +If people get scammed by fully doxxed teams, imagine putting money on a FACE-LESS project + +https://preview.redd.it/raik8957zvh71.png?width=1200&format=png&auto=webp&s=6306d4891a1fbf2ca1088c4ef441c3a53f2bad25 + +What is there to sell? + +&#x200B; + +https://preview.redd.it/rb9wkrxvzvh71.png?width=1194&format=png&auto=webp&s=56e9c4deb9d166667730eec8943f626afadc6d76 + +&#x200B; + +For those who haven't been following the SafeMoon plot, there are a few people out there trying to expose their scam - *Rob's Crypto* is one of my favorite channels, the comment section is popcorn worthy. For those who haven't been following his channel, he has been calling out SafeMoon Mark for a 1 on 1 conversation. SafeMooners kept telling Rob to contact SafeMoon Mark, because in their brain, he was going to destroy Rob with his math, but Mark just kept hiding behind an NDA, which makes no sense because why would being transparent about where the money is going be top-secret? + +Here is his brilliant response after the Surge "hack": + +&#x200B; + +https://preview.redd.it/feds6nwq1wh71.png?width=1196&format=png&auto=webp&s=dbcadf6e279a6d148640f7da6d1332fc09a0cc5e + +Oh and let's not forget this Tweet from Mark himself testing the waters a few days before the "hack": + +&#x200B; + +https://preview.redd.it/jsy3rqnm2wh71.png?width=1188&format=png&auto=webp&s=3ceff4bef824f17cb2fc9f8693a752a2f5c3254b + +I guess the rug-pull didn't go as smooth as planned since A LOT of people are calling it a rug-pull all over social media. So obviously, SafeMoon devs had to cover their ass, I wonder how much was their cut... + +&#x200B; + +https://preview.redd.it/0ft7lk835wh71.png?width=1204&format=png&auto=webp&s=e48d97764edb22b3a45e62ab7a7b840f29b96f02 + +# Conclusion: + +&#x200B; + +https://preview.redd.it/gl9y2gen3wh71.png?width=1152&format=png&auto=webp&s=262114fd5f240bc280f24dcfd548d2125939001e + +**TL;DR:** SafeMoonMark/DeFiMark, a core team member of SafeMoon made a Token named Surge, explicitly promising that it's price could "only go up" and it was "rug-pull proof". The rug was pulled and was conveniently labeled as a hack exploit on their smart-contracts. They posted about the exploit all over Twitter right before the "hack" to conveniently say that "it could have been anyone" that read the tweet. + +My heart goes to those who lost money on this, I hope you learned a valuable lesson. + +&#x200B; + +# EDIT: I just got some more juicy screenshoots, curtsey of u/FritsfromHolland + +&#x200B; + +[The other part of the conversation where \\"Maxence\\" told Mark about the exploit](https://preview.redd.it/uphctmheyxh71.png?width=896&format=png&auto=webp&s=94a936201ce1451d957f86131427e4f25cb4eb9d) + +&#x200B; + +&#x200B; + +[So SafeMoon Mark got fired for making Surge? That's weird, the devs of SFM bought some too according to Mark](https://preview.redd.it/thtjzv8jyxh71.png?width=810&format=png&auto=webp&s=fab10b400beb890bd7fb85af721e0d3621d5ec42) + +&#x200B; + +https://preview.redd.it/7gdbu0fryxh71.png?width=1388&format=png&auto=webp&s=a20e09fa8e8cab4e13f8add772cd2d7b6ae0a01f + +~~This was tweeted after a massive SFM whale sell-off~~ + +&#x200B; + +Edit 2: Correction: *the last screenshot was not posted after a massive sale off. The rugpull happened after a whale sale off. Making it look like he could see into the future with that tweet* + +\- u/FritsfromHolland +So I'm on the board of my condo association and...if you live in Louisiana/New Orleans, most of the insurance companies have pulled out so we're seeing home owners insurance double in some case and then like oh we gotta pay for the building's insurance too. I'm afraid I'm going to end up a burned carcass hanging from the from awning when I get to be one of the people saying we have a special assessment. You can only say "it is what it is" so long before you get Gadadified :( + +Tagging this as a rant but like it's just getting impossible to still live here. I know exactly what steps it's going to take to sell everything and start over but I think about it in the macro system. The city is being destroyed by airbnb taking up housing and now landlords are not going to be like "herp da derp, let's just pay more and not pass that on to our tenants". + +Asking 77 people to give us money for insurance when people are hoarding money in case they have to evacuate is going to be the opposite of fun. Need to just buy a van. +I’ve recently started a new contracted role in March. It’s been a tough month as I’ve suffered from bereavement in the family so have had to juggle funeral arrangements alongside work training. + +As a contractor we have very tight deadlines and are expected to hit the ground running. I’ve done contracts before, they are generally well paid (for me) and flexible. This role is the total opposite, it’s micromanaged and targets are reinforced to you all the time. It’s a very negative environment. + +What’s worse is that my manager is hopeless, he’s a make shift manager too. Never been in management but taking over for a few months due to shortages. He’s a puppet that only wishes to impress his own senior rather than possessing the skills to man manage us, support and build us up. In this role, it’s perfectly normal to ask queries, I find myself sitting for hours until he responds but have found in instances I’ve been given the wrong answer. + +We always start the day with a teams call to reinforce targets and he will also add that us as a team are underperforming and slacking. The manager will also end the working day with a negative message: “disappointing day today regarding figures”. Therefore, it’s hard to be positive in the job. + +Presently, my notice period is immediate as I am not fully accredited. However, I’ll be accredited by next week and my notice increases to 4 weeks. I ponder whether it’s best if I leave now as part of me believes the job will never get better. Or if I’m an idiot for leaving now and it could get better… I wish I had a crystal ball. + +I have enough savings to not work but with it being WFH, I always try to ask myself, how bad can it really be? In truth, I’ve never been this mentally exhausted from a job, it’s only been 5 weeks… can’t see it getting better despite me having conversations with senior management. + +Apologies if this is the incorrect sub Reddit. I just thought someone would’ve had such an experience? + +TLDR: Job is mentally taking its toll on me. I get no support, man-managed and constantly being told our work is unacceptable. Do bad jobs ever get better? +Slightly different post here. I have been interested in FIRE for a while now, but after turning 30 recently it has become something which I want to actively pursue. However, the more I look into this the more I can't help but feel I have wasted so much money in my 20s. I've had a pretty bad fast food habit for a while now which I have just kicked (14 days since I have eaten takeaway!) and I was wasting a lot of money on JustEat and Deliveroo. I feel like I am also that guy who when he gets drunk becomes overly generous in the interest of keeping the fun going - for example I would buy drinks for my friends, and almost always pay for stuff with my girlfriend who is a PhD student. I am experiencing an almost shame and fear of digging into this area further because with each cost optimisation I find I get this sense of guilt that it have been destroying my savings. I work in an area with potential to earn a lot of money although I wondering whether I have waht it takes to progress in the area. My only debit is my student loan (I live in the UK so it's not too much). So when I think about it I'm not in the worst position going forwards, it's just looking back... + +Does anyone else have any advice about how to deal with this, or any stories from people who have turned themselves around? I'm fully prepared to do the work, but I just can't help but feel bad about the past. +This isn’t another “what should the safe withdrawal rate” be thread. I’m actually interested in hearing peoples’ opinions about how they have figured what their annual compounding rate will be going forward vs just that 10%ish was the historical rate. The last 80 or so years had several huge things that really pushed growth in ways I don’t see many equivalents for happening in the future: + +1. The adoption and widespread use of fossil fuels for industry +2. Women entering the workforce +3. Large growing populations of consumers in the developed world (now we have population collapse coming in most developed and even some developing countries) +4. The invention of the internet and widespread adoption +5. The general slow down of the introduction of “life changing tech” (think iPhones being invented vs Apple just releasing a new model every year) +6. Low levels of debt in all categories compared to the record levels we see today all over the world. + +I’m genuinely interested in hearing what people feel will be the big drivers of growth in the next 80 years. I think things like AI, Space Colonization, and a few other things have lots of potential, but I see a lot more things with no wheels like the Metaverse out there as well. I’m not a doomer who thinks there will be no growth, but I am skeptical that we will see the same rates as we did in the past. +I just want to make something clear. The definition of a recession includes: + +> The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP) + +https://www.investopedia.com/terms/r/recession.asp + +The GDP of the US and Canada (I'm just gonna focus on North America) has been on fire for the last year showing no signs of weakness. This is why interest rates are moving up, and why the Fed and BoC is so hawkish. + +But GDP doesn't necessarily relate directly to the stock markets. What we're seeing is a crash (correction.. pick your term) and that's all we can say. To somehow imply we're entering a recession when **most** (not all) high level economic indicators are fairly positive is asinine at best, and destructive at worst. +I'm very much new to the whole world of options, calls, puts, etc. I have an understanding of what the various terms mean and how they work, but my interest in options is very much limited to how options activity by other people can sometimes impact the share price itself through run-ups, etc. So I'm not really asking this with a view to trading options myself, more just for general information about how everything works. + +I can't wrap my head around the basic, apparently universal concept that "options are rarely exercised". The premise of this saying is that the majority of options trading involves buying and selling options as opposed to exercising them for the underlying stocks - in other words, people who trade options are far more likely to be looking for profits in terms of how much they can re-sell an option for after buying it, hopefully re-selling it to someone else at a much higher price. + +What I don't understand about this is, surely somebody must *eventually* exercise ITM options, otherwise they would be entirely worthless right from the get-go? Hypothetically speaking if an option is going to expire ITM this coming Friday, and it's just being bought and re-sold again and again by different people as the value increases, at *some* point on Friday, *somebody* is going to be the last person holding it and faced with the choice of either exercising it, or having it expire worthless? + +In that context, how is it possible that most options are never exercised at all? Does that essentially mean that your average options contract is a bizarre game of pass the parcel with somebody inevitably left holding the unopened parcel at the end of the game? + +If the rule of thumb was "most *traders* don't exercise options and instead make money on the trading thereof", that would make perfect sense. But the idea that most options themselves are left to expire unexercised while people have still made money buying and selling them seems very strange to me, as I don't understand why anyone would buy an option that's on the brink of expiry if they had no plans to exercise, but not enough time to sell it on to someone else. + +Am I missing something here? Or is the phrase "options are rarely exercised" an inaccurate way of saying "options *traders* rarely exercise"? +I posted the original question in a [separate post](https://www.reddit.com/r/investing/comments/5f0eew/to_predict_the_stock_market_with_some_indicator_x/). + +A few people came to the right conclusion that X does not need to be causal in order for it to be potentially useful in predicting returns. + +A simple example shows why. Smoking causes cancer. It also causes people to huddle outside their buildings a few times during their work day. Does standing outside cause cancer? No. + +But does the fact that we see someone standing outside her office building on a regular basis, change our prediction of whether she will get cancer? Yes. (For clarity you can assume that you can see them standing, but not what they are doing.) + +This is no different from what all the machine learning people are doing in Silicon Valley. These engineers don't care (nor usually have a clue) about causation. They just want to make predictions. And for this purpose we don't need causation. + +When would knowing a causal relationship help? It's necessary if we are making some sort of change in the situation and want to predict the outcome. For example what will happen to the economy if we change fiscal or monetary policy in some way? This is why macroeconomists are so focused on establishing causal relationships. + +In our example, suppose we observed that standing outside is correlated with higher cancer. So we change our policy and allow people to smoke in designated smoking rooms inside the building. Would this decrease the incidence of lung cancer? + +**TL,DR:** Don't blurt out "correlation does not imply causation" without thinking whether it applies. The statement is true, but may not mean what you think it does in the context of prediction. +URL of stream broadcast: https://www.youtube.com/watch?v=YDdDy1Eimdc + +Time stamps: +**00:19:22** - *Begins analysis of Perrigo* +**01:30:00** - *Begins analysis of Mylan Financials* + +Martin Shkreli did a 3-4 hours stream yesterday afternoon showing his dd of Perrigo (PRGO) and Mylan (MYL). He sifts through their financials and talks through his thought process. + +What do you guys think of his process and methodology? + + +We encourage all our visitors to ask those investing related questions they were always too afraid to ask. This thread will be moderated, to ensure it remains free of harassment and other undesirable behavior. + +The members of /r/IndiaInvestments are here to answer and educate! + +If you are looking for which brokerage to use, which fund house is more capable and trustworthy, which investing platform to use, which insurance company is reliable etc., you may want to read the reviews for [banking and financial services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new), [mutual funds and asset management services](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), [brokerage products and services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), and [insurance products and services](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 company, or fund, or bank. Answers are always subjective to your personal needs, but those threads a starting point for you to look at what other Redditors have to say about a company, product or service. You, may 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 have 10,000 rupees, what do I do?" or anything similar. There is no single answer to this question, but we will also need A LOT MORE information if we are to give some sort of answer + +* How old are you? +* Are you employed/making income? +* How much? What are your objectives with this money? +* What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?) +* What are you current holdings? (Do you already have exposure to specific funds and sectors?) +* Any other assets? House paid off? Cars? Expensive partner? +* What is your time horizon? Do you need this money next month? Next 20yrs? +* Any big debts? +* Any other relevant financial information will be useful to give you a proper answer. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! + +Previous Threads [Links](https://www.reddit.com/r/IndiaInvestments/search/?q=%22bi-weekly%20advice%20thread%22&restrict_sr=1&t=all&sort=new) +[Solved] +I’ve started taking a exposure to long term US equity via vested. It’s still early days but I don’t completely understand the ownership model and risks involved. Has anyone here verified their stock ownership and had any conversation with their customer care? I have an account via Kuvera and could neither find these details or a mechanism to get in touch with them. + +PS: On the website faq, they mention that ownership can be verified via Drivewealth but Drivewealth did not share these details when contacted directly. + +Update on 1/28: The below steps from u/virshah26 helped me verify ownership with Drivewealth directly. + +Hey - so you can check your Vested holdings directly via Drivewealth here: https://client.drivewealth.com/login. For login, you will need your DW account number and the last 4 digits of your tax document. DM me if you face any issues. + +The way the share ownership model works in our (Vested's) case is that you have three entities - Vested (RIA), Drivewealth (broker), and Citibank/Velox (custodian). All three entities are regulated by the SEC. The custodian holds the shares 'in street name.' In street name basically means that the custodian holds the shares under the broker's name. This is standard in the US versus in India we have NSDL/CDSL where the shares are held under the investor's name. Then on Drivewealth's books, the shares are held under the Vested account holder's brokerage account. +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://discord.gg/hqBNg4u) 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 I see lot of talk of market crash and I too agree with it. I believe this has to be the top . I have my reasons for and against it. I know that this is all probability and no one knows what would happen eventually but what do you guys think ? did I miss any points in my thesis below? + +Case for major correction: + +1. We are at all time high w.r.t. Nifty PE ratio currently > 28. This is at 2008 level. +2. Actual market has already corrected and its only few heavy weight stocks which are holding the index(HDFC and Reliance). +3. Emerging markets have already corrected upto 20 % just that India is holding firm. +4. A spike in dollar would doom us, increasing our CAD, inflation and Interest rates, reducing growth and rupee. This would be not just India but all EMs +5. Same for Oil shock. (Although this looks less likely) +6. Soon opinion polls would start coming and many are expecting present government to lose seat/vote share. Perception of economy is one thing, But actual people who vote are having mass unemployment and bad businesses because of decisions in last 2-3 years. +7. Trump has actually spared us till now. We are hiding behind China when it comes to Tariffs. Although our exports are not that much to US. +8. We have been in a global bull market cycle for close to 10 years now. On an average its time for cycle to reverse(87,98,2000,2008). + +Case for continued bull market + +1. Earnings are expected to improve surely this/next quarter (Have been hearing this for three years). +2. NPA mess is over and worse is behind us surely for now(Have been hearing this for one year). +3. There is no general Euphoria in market yet. I agree with this one. In 2008 I remember the top was near when Reliance Power IPO was listed and everyone was trying to get a demat account. +4. Generally bull markets comes to an end with a blow off top with Euphoria as mentioned above. We are not near that phase. +So I found this sub mainly because I was looking for some advice on whether a certain property that I was planning to rent was within the advisable limits etc. Now, I've gone down the rabbit hole about buying/renting and I went through a lot of posts here in this sub about the pros and cons of buying instead of renting. + +I'm now curious about a slightly related but a very different topic. A very hypothetical scenario but I'm sure there are people who do something like this. + +I would like to understand this sub's opinion/thoughts on buying for renting out. + +Here is a hypothetical scenario for us: + +Assumptions: + +* A person has a corpus of 80lac rupees with nothing invested in the stock market. Lets say about 10% of this money is invested in FDs. +* This person has a family - spouse and a kid; +* The gross annual income of this family is 20lpa; +* The family has a paternal flat (where the elderly parents are currently residing) in some city which is worth about 30lacs. +* This family lives away from the parents in a different city and is renting a place for 25k rupees a month. + +Given this, if this family were to consider buying a house in the city where the parents live for about 65lacs, with the sole intention of letting it out on rent where the expected rental income would not be more than 15k rupees per month (at this point in time), would it be a wise decision? + +If it is, then how would you go about buying the said property? What amount of money would be funded via bank loans and what amount would be coming out from the corpus at hand? + +Is buying a second property in the city where they live to cut out their own rental expense a good idea? + +Sorry if this is a vague/hypothetical scenario, but given the general tendency of leaning towards renting over buying, I wanted to understand whether the rule of thumb is the same in the event someone is actually sitting on a lot of cash. + + + +Found this: https://www.statista.com/statistics/271322/inflation-rate-in-india/ + +Not sure if this is correct data. I understand it depends on lot of factors, but from past data is it possible to get an estimate of inflation (or average inflation) for next 10-20 years? +I am an absolute beginner, about to start investing in my first Mutual Fund. I shall start by investing in Index Funds and then include Debt and Equity funds as my portfolio grows. + +While researching for Index funds, I came by ICICI Prudential Sensex Index Index Fund. It has a low Expense Ratio of 0.1%, no exit load, returns have been consistent, and it has followed the Index diligently. The fund is around 3.5 years old, and has an AUM of 156 Crore. + +The gist I gathered from multiple sources is that the AUM should be neither too high, nor too low, but the reasoning each of them gave became increasingly confusing. + +So, should I be worried about the fund’s AUM being low as compared to some other index funds with 1000s of Crores of AUM like UTI Nifty Index Fund? +If not, then I cannot see any way they can be profitable in the future. What am I missing ? Everything seems "Free". There has to be a catch. Uber, Amazon also run in losses but atleast they have *some*(growing) revenue. +I want to understand the tax implications of getting employed by a startup company without a salary breakup / No PF deductions / No Tax deductions / No HRA or any other type of allowance. + + +I do have my own Health and Term insurances for self and family. +But I'm wondering what other things I should look out for in this case? + +* Is this safe / legal? +* How best to save tax? +* Can I still claim HRA and other allowances? +* Will PF from previous company get affected if PF deductions stop? +Last bull run was around 2013-2014 and the short term debt cycle is about 5-7 years. It’s become pretty obvious that the market is bearish these days and there has been no real growth for months. Using that logic we could be entering a small recession for the end of this year and maybe the next when many stocks will be significantly undervalued. So I’m just guessing but I think we could safely say we’ll have a bull run by 2021-2022? That being said, what are you looking to buy at a bargain? +hi guys I'm having some confusion regarding the gtt orders in zerodha + +let's say I'm willing to buy X but people aren't trading it daily rarely someone sells it. so if I put in a gtt with trigger at LTP and price at UC along with quantity at 100 would it execute the order irrespective of quantities up for sale or would it not execute since quantities for sale are lower than 100 + +my only query is regarding the non-matching quantities, and would the order only execute if the seller sells at UC? + +appreciate any direction in moving forward. +mods kindly LMK if this is allowed here, or should I move to some other thread? +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://discord.gg/hqBNg4u) 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). +Company has good books. What I don’t personally like is their EPS in last 8 years has grown <2x while revenue has grown ~3x, which strikes me as an operational problem. The operational expense(employees, administrative and operating cost) is close to 50% of their total cost. Is this why momentum always low? + + +And from long term investments and free cash it looks the company seems to be just sitting on it. Is management risk aversive? +I don't think the BSE main index captures the extent of the fall. From a high of nearly 20000 in Jan'18 we are already down to 14,500 odd a fall of over 25% In fact the index fell to as low as 13,500 a few days ago only (8th Oct). I am bit of a NOOB. Would really like some advice from veterans who have been through the 2008 crash. Is it building up in the same manner. Also was looking at some individual shares like Aptech Axicades etc, they have all corrected by over 2/3 or 3/4ths!! + +I am guessing much of the recent infusion into the markets must have been chasing the Small Caps in search of better returns and after this fall I really wonder if retail investors or MFIs have the appetite to hang on. My hunch if retail investors are spooked the market could fall like nine-pins because FIIs are already selling in droves and any circumspection from the DIIs **at this stage** could be the straw that breaks the camels back. +I know there have been discussions on this in the past but I'm wondering if something has changed over the last year. I'm looking to start buying MFs directly and wanted to know recommendations on platforms; I have come down to one of + +* Orowealth +* Kuvera +* PayTM Money + +Does anyone have an opinion on these 3 services? Do they all run on MFU or are there alternative means? + +Thank you in advance! +I’m curious to see who else out there is like me. + +It’s not that I don’t believe in BTC or that I don’t believe it’s going to go up. Quite the opposite really. However I have my holdings in ETH , ADA and another altcoin. + +It feels counterproductive but I just think ETH and ADA are going to be top performers in comparison to Bitcoin. Am I making a mistake not holding just a little BTC? +I sold down my share portfolio many years ago to fund the purchase of our PPOR. We’ve been focused on paying down the mortgage ever since and are making good progress but I’m starting to wonder at what point I might consider getting back into the market. Interested to hear from you! +I noticed a real estate ad appealing to "renovators, developers and land bankers". This was a dilapidated house on a big block. A renovator would fix it up and live in it while a developer would knock it down and build apartments or villas. Am I correct in imagining that a land banker would buy it in order to keep it empty? And just use it as a place to store money. + +So unless I'm wrong this doesn't seem ethical really, and I'm surprised that agents are directly marketing to "land bankers" now. +Hello All, + +I am a 24 year old who has decided to start putting more money into my retirement accounts. Now, I will be maxing my 401K to the upper limit ($19,500). However, I started looking at my investment options and I'm not sure how good they are. After doing some research, I want to be invested in low cost index funds or some type of index retirement date fund. However, it appears I am invested in the FID Freedom 2060 (FDKVX). The problem is this fund has an expense ratio of 0.75. Yikes! Unfortunately, none of the funds that Bogles recommends for a three fund portfolio are options in this plan. The only invesements that I can find are as followed: + +* COL DIVIDEND INC I3 (CDDYX) +* FID 500 INDEX (FXAIX) +* HARBOR CAP APP RET (HNACX) +* TCHSTN LG CAP FOC I (SCRLX) +* FID EXTD MKT IDX (FSMAX) +* JPM MID CAP VALUE R6 (JMVYX) +* MFS MID CAP GRTH R6 (OTCKX) +* FID SMALL CAP VALUE (FCPVX) +* VANG SMCP GR IDX ADM (VSGAX) +* FID GLB EX US IDX (FSGGX) +* FID OVERSEAS K (FOSKX) +* EV INC FND BOSTON R6 (EIBRX) +* FID TOTAL BOND (FTBFX) +* FID US BOND IDX (FXNAX) +* ID GOVT MMKT K6 (FNBXX) +* FID Freedom Funds + +&#x200B; + +As someone who is new to this, are their any recommendations to how to go about allocating funds? All I know is the index funds, but that is all. Or should I just bite the bullet and keep it in the freedom fund? +We started working with a planner several years ago and have our retirement plans and insurance set up. We get calls or emails from our planner every few months with requests to set up another meeting. We haven't responded to many of these because 1) we're busy people, 2) we don't have any pressing concerns/needs at the moment, and 3) frankly, we find him a bit irritating. How often is normal to meet with your planner? Also, is it ok to request to work with a different planner from the same firm? +Hello! I’m not well versed in anything finances, so I’m trying very hard to learn. + +I (20F) recently got married. Since I was 15, I’ve had a checking & savings account with a relatively small credit union. Coincidently, my husband also had a checking & savings with that bank. + +Now that we’re married, we want a joint bank account. I want to see all of our funds in one place. My credit union doesn’t allow this since we already both have accounts. We are signers on each others’ accounts, but we cannot see all of our money in one location. There is no way to join our accounts. This seems very strange to me, so if it doesn’t make sense I can try to explain better in comments. + +My question: should we close one of our accounts and use the other’s as our joint account? Should we open a completely separate account with a new bank? I want us to have our finances together. +I need to get a handle on my spending habits. I also need help budgeting and sticking to it once I make one. + +I start a new job tomorrow and I will be working full time making just under $3000 a month after taxes. I have some credit card debt I need to get rid of ASAP and I’d like to know what the best course of action is. I’m considering getting a loan and using it to pay off the credit cards and then paying the loan off. I’ve also heard of balance transfers to a 0% interest card and paying the debt that way. Which is the recommended tactic? Also, what do you recommend as far as making a budget and sticking to it? I’m fortunate enough to not have to pay very much in rent but I do still have about $1200 in bills every month. + +TIA. +So I just switched jobs and I’m going to enroll in an HDHP through my new employer. My employer offers generous employer contributions to an accompanying HSA (75% of the annual max). My wife is currently enrolled in an FSA through her employer. + +I understand IRS regs prohibit an employee (or his spouse) from *contributing* to both an HSA & an FSA in the same month. + +My question is can I enroll in the HSA and take my employer’s contributions without contributing any myself while my wife still funds her FSA? Or would that also be prohibited? +How to explain this simply… +My boyfriend owns a home in NJ that he used to share with his ex. It is fully in his name but she now makes the mortgage payments. + +For context… They have a child together and she has a child from a previous relationship that he treats as his own. When they broke up, they set up a “rent to own” agreement with the plan for her to buy after two years. 3 years later none of that has happened. She has since gotten married and they’ve welcomed a baby of their own. + +The rent / house agreement hasn’t really been discussed. About a year ago she said that they were talking to an agent but nothing happened with it. + +I know he doesn’t want to do anything that would force them to move so he doesn’t press it with his ex. Plus their relationship can be volatile at times so he hates talking to her. + +We’re talking about getting married though and this feels like a huge loose end to me. It’s relationally messy. From a financial standpoint - what are my risks if we do get married? + +Any advice? +Recently my mother came to me and talked about selling her house. The market in her area of NC (The Triangle) has ended up severely inflating her house’s selling price to around 430k, even with the need to do some repairs to duct work’s insulation which would be about 6k. She also pays about 1500 a month for the mortgage too. And combined her and my grandmother’s social security and pensions are about 5500, with me throwing a hundred or two in case of an emergency. And about 400k saved in retirement savings, although to be honest she doesn’t want to touch that if possible. + +Currently she has about 150k left on the mortgage of the house and really is itching to move to an area that is more senior friendly/less likely to have trees causing roofing damage. + +But the thing is we’re sort of debating between if she and my grandmother should rent or buy. Part of it is that my grandmother is 89 and that’s a concern. I’m leaning towards her buying a house because the general cost would be lower compared to the rents, which would be about 2-2,400 a month to rent. But she’s leaning a bit towards renting because it gives her peace of mind that she’s not paying for more costly repairs. + +What generally would be a good budget to look for price range/ rent or buy wise for them? I’ll do my best to answer any specific questions too, right now it’s mostly just in the planning stage and they won’t be leaving the area really so it’s not a big rush. +I recently discovered why I've been sort of broke this past 10 years (I am embarrassed that it took me this long). I don't drink, smoke or do any kind of drugs, nor do I have any types of expensive hobbies. + +But I splurge on food(s), I mainly eat out a lot anywhere and I'm never shy of what I want to eat and how much it costs. + +I think on average I spend close to $30.00 a day, I am currently single and living with my parents, as I recently graduated college and am working my first professional job. I honestly don't have that much time for cooking. + +How exactly does one set up a food budget? +Hello, + +I'm trying to rent a house (in NC) as I start a new chapter in my life, getting out of the marines and I've been applying to houses this week, I keep getting approved but my GF's lease is up this weekend and I'm moving her from a few states away to some friends close by until we get a house.. issue is my GF can't get approved for any of the houses I can, and the ones she can are sometimes smaller than my apt and in bad areas. + + +Every time I try and talk to the rental agencies they tell me she has to be earning 3-4x the mortgage on her own, which I am but she isn't. They keep saying we both have to be approved individually since we're not married and they won't consider our income together. I find this kind of stupid but I haven't been able to get any help trying to say that doesn't make sense since I'm gonna be the primary and we both make more than enough to cover it together. It's been 3 agencies so far, we called remax and they said we should be getting our income considered together but when we apply we get a note directly from the agency that's renting the house out. + + +Side note my GF pays $1300/mo for a tiny 1/1 apt in FL right now but can't get approved for anything above $900 here in NC, to make the stress even worse her work has been holding out on her promotion which would nearly double her income for 6mo telling her she's in a "trial period for the position" + + +If I could get advice, websites to check out, or help that would be amazing. This is my first time renting. +Ok so something I'm not understanding about the 4% rule. + +As its currently written, the 4%rule states that you can spend 4% of your invested income every year and still retain/grow wealth. + +For this example, let's say I want to live off of $5,000 per year for the rest of my life when I retire. My understanding of the rule is that to get the number you need to invest, one must multiply 5,000 by 25. In this example, that sum is $125,000. + +Assuming a 10 year plan. Thats $12,500 per year every single year. + +My question is, how does one minimize the risk that comes with investing, taxes, inflation and the like, to guarantee the 4%? I'm just not getting it. +40k in savings +No debt +Credit score 750 +23 years old currently living at home my expenses are gym membership and gas, sometimes I go out but not much. Usually I save 800$ or more every month. I work full time making 1600$ a month and I also go to school. What would be the best option for me here? Any way to buy a house or should I wait till I finish school? I pretty much just started school. Please help thank you! +So I'll preface this with not being very educated regarding how to best set myself up for retirement. I'm hoping to gain some insight as to what to look for in Roth providers. Specifically I've gathered that Vanguard and Fidelity are top tier options. I work for an employer in Oregon who offers OSGP (Oregon Savings Growth Plan). Would I be better off going through Vanguard or Fidelity direct from my bank account into the Roth, or would it make more sense to utilize my employer to go direct from paycheck to Roth? I'm also confused as to what fees I should be looking at on their respective websites. + +I'm 25, married, 1 kid, with enough leftover cash to max Roth every year. Looking for the best option that is reliable and provides the lowest fees. +Ok so something I'm not understanding about the 4% rule. + +As its currently written, the 4%rule states that you can spend 4% of your invested income every year and still retain/grow wealth. + +For this example, let's say I want to live off of $5,000 per year for the rest of my life when I retire. My understanding of the rule is that to get the number you need to invest, one must multiply 5,000 by 25. In this example, that sum is $125,000. + +Assuming a 10 year plan. Thats $12,500 per year every single year. + +My question is, how does one minimize the risk that comes with investing, taxes, inflation and the like, to guarantee the 4%? I'm just not getting it. +A while back I was [looking into the split code SPLF](https://old.reddit.com/r/Superstonk/comments/wgtxjo/clarifications_on_dividend_filing_discussions/) as many others were. I got a response through a Mr. Siebel, the [Managing Director of the German Investment Funds association](https://www.bvi.de/en/about-us/management/), who also sits on the BaFIN advisory board. He forwarded my email to some other persons and received a response that states "we (HSBC) received this event as SPLF from *all custodians*" in the initial response i received. + + +&nbsp; + +My initial message - https://i.imgur.com/CKXkCZ1.png + +Initial response - https://i.imgur.com/Nx8Jlx3.png + +My second message - https://i.imgur.com/W9zNF1W.png + +Final response - https://i.imgur.com/l8xEKTt.png + + +I only masked email addresses and personal information, including Mr. Siebel's just in case the screenshots would somehow get him in trouble, idk. Happy to share with mods. + +&nbsp; + +The final response is the most useful, clear information from an authoritative source i've seen shared so far, and it confirms **why it was handled as a forward split in EU** (i assume the same reasoning applied in other countries, not just Germany). The email says **this information is from "FIS" which is [Fidelity](https://en.wikipedia.org/wiki/FIS_\(company\))** + +>In the US market, if there is any question on Stock Split versus Stock Dividend, we follow the following rules: + +>**If the split multiplier is greater than 20% and if the chronology of the dates is record/pay/ex it is a split.** + +>If the split multiplier is less than 20% and if the chronology of dates is the same as a cash dividend (ex/record/pay) then it is a Stock Dividend. + +&nbsp; + +Someone also shared the event notification from the OCC at some point here on the sub, which clearly has all these dates listed at the top of the doc. It is from the OCC and how they handled the split in the OCC scope (derivatives), so not relevant for the security itself but it's irrelevant - *feel free to cross check the event dates.* https://i.imgur.com/J8aFOga.png + +&nbsp; + + +Record date - 20220719 + +Pay date - 20220721 + +Ex-distribution date - 20220722 + +So given the rule above, the event would be handled as a split and not a stock dividend. + +I was too lazy to write a detailed post until now, but we keep going in circles on whether "DTCC committed fraud" or not. I'm sure they did somehow, but **whether this event was handled correctly or not, i have no fucking clue. I am just sharing some reasoning on why it was handled using the split event code. It would be useful to know how Tesla's split was handled**. + +Thoughts? +**"It's all about Risk Control and Consistency"** + +The first 4 minutes of the video are enough for you to understand what happened to a lot of people that were investing in the market recently, including the big investors. Including most of us. + +In summary: (I am quoting him) + +*It is easy to make money in the market, specially when market goes up. 8 out of 10 years, market goes up*. *You can make good money not having risk control in these 8 years, but in the other 2 years not having the risk control will cause serious damage.* + +Asymmetry is the word. ***You do better in the good years than you do badly in the bad years.*** + +And Risk Control means: ***limiting portfolio leverage*** (low int. rate helped a lot of us to leverage in excess our portfolios), ***risk of companies you invest in*** (ARK portfolio companies comes to my mind), ***risk of instruments you invest in*** (SPACs and Cryptos comes to my mind) + +It is not too late guys, let's take back the control of our future. Consistency and risk control. ;-) + +Link of the video: [https://www.youtube.com/watch?v=lsUoFTsUJZk](https://www.youtube.com/watch?v=lsUoFTsUJZk) +Had a few friends buy large new houses and nice cars in the past month or so. I definitely could "afford" the same things, but am working towards FIRE. I was thinking this AM about how to still have an interesting life and enjoy some adventure when I realized that one of the advantages of being on the path to FI is that you have "FS" or financial stability. Not sure why that helped, but knowing that being frugal and saving at a very high rate made me realize that once I have my plans on track, I can take the rest of the time and money and do whatever I want and stop worrying about the future as much. +Given the events of the last few weeks and the latest tweet from RC, I wanted to extend my gratitude toward you all. +It seems all but certain that our 3rd act is coming to a close and I can’t help but feel a bit sad. I kinda grew up on tv. My mother and father’s helicopter style parenting and my older brother’s bullying and trouble making made it the best option. I felt safe, I felt love, and with each show I watched I felt like part of a family, and this community of apes has done the same. We laugh, we fight, we share (sometimes too much) but this is why we will win. Because we’re a family. +We’re almost at the end of the season but this is far from the finale. Soon enough, nothing will be the same again. After months of grueling heartache, I can say with absolute certainty that there is no community better suited for the responsibilities that are to come our way in the inevitable future. This is a community of extremely talented, open minded, intuitive, and loving individuals who want nothing but the best for each other and this planet that gives us everything and is dying for our help. I can go on and on but just remember, after all the painstaking work that has been done, there’s so much more to do when we reach the moon +🦍🚀❤️ BUY n HODL +New inflation numbers coming out today and the markets are already panicking, reports are coming out about June inflation rates hitting 9.1%. + +Today will be a Red day which might not be good for Crypto but if you were waiting for the right time to buy this might be it.\* + +I know some of you don't look at the charts anymore so I brought the charts to you. + +Bitcoin down about $1,000 this morning in about 10 minutes + +https://preview.redd.it/ei49r7me5cb91.png?width=960&format=png&auto=webp&s=1c0f899af5d59febc5103e3e075fa3810cbaaf24 + +Ethereum is also not looking to hot. + +&#x200B; + +https://preview.redd.it/t6fyutvk5cb91.png?width=978&format=png&auto=webp&s=feb17a2da8f6686bd66fa0f86cf369e08501a811 + +Even to meme coin DOGE is back down in the five cent range + +https://preview.redd.it/lx7o1q8m5cb91.png?width=954&format=png&auto=webp&s=cb168ed7dcfe9cdee4a71f8450dbbfc54121c058 + +Look how they massacred my boy ALGO + +https://preview.redd.it/l7nr9cqq5cb91.png?width=971&format=png&auto=webp&s=bf2468ae1b37cdd45b4d7594ef8e4c0776c5e6e3 + +So Strap on tight because today is going to be a bumpy ride. + +&#x200B; + +\*^(This is not financial advice, I could be completely wrong on it being a great time to buy. I take no responsibility for any losses you might incur by following the advice of a random person on a crypto subreddit.) +Anybody has any more information about V-ID (VIDT)? + +Had some quick research and seems like this year will be a breakthrough. + +&#x200B; + +Thanks for some more information and ideas about the project :) + +&#x200B; + +&#x200B; + +EDIT; Thanks for the given usefull information !!! +Why I think RLC is a must have and currently super under value. + +- tech is complete +- acquired legal compliance +- did not fork even though they could have +- contracted by the European Union to help build its NGI +- has an artificial intelligence marketplace, endorsed by INTEL +- working with NVIDIA, GOOGLE and countless others +- has superior oracles to CHAINLINK +- has incredible increasing community work (many memes starting to pop up at 4chan) +- has a team composed of 7 PHDs and the best and brightest in grid computing +- usecase predicted revenue of 3 Trillion USD +- working with leading universities and academics on the forefront of blockchain technology +- built the worlds first world-computer +- US Legal Opinion is Q1-2021 +- Low Supply of only 87M +- price is stable between $1 and $2 and has never been yet on american based exchange + +[Coinmarketcap ](https://coinmarketcap.com/currencies/rlc/) +So I'm sitting on my deck got done with business at 10 am today. So why not a beer fir breakfast right? 1 led to 3 and then I took out the trash. Made me feel good to get back ahead of my "honeydo" list. 😁😁😁😁 + +Then I had an apifany <<<probably spelled that wrong😉 why not smoke a bowl you've got nothing else to do today🤔🤔🤷‍♀️🤷‍♀️🤷‍♀️hmmm ok why not? Right? + + Next step check how is GME doing today. WTF all this volume and it's only 10:30???? Better check reddit see what's up. (Bowl starting to kick) NFT's Gamecoins what the fuck? T21's and T22's are better? Banana in the ass is the catalyst? + +And the it dawned on me...baaammm. My life is perfect 🥰 Here's how. + +1. I'm sitting on deck at noon on a Wednesday. + +2. I'm watching my beloved GME go off the fucking rails! + +3. Relaxing on reddit reading the most interesting shit ever and some of the absolute funniest things I've ever read in my life! And I'm 52. + +Thank you apes no really thank for making my life now perfect!!!🦍🦍🦍🦍🦍🦍🦍🦍🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +To get this straight. I don't know much about economics, but that's why I'm here to learn. + +My thought process is that U.S government keeps adding debt to itself. But they do not intend to pay it back in at least a century (a very long time). However, they do have to keep paying their dues from bonds. Within several decades, this bond will far surpass what they can pay, and the economy will enter a great depression. + +I wanna know the logical fallacies in my reasoning. I want to educate myself before I start investing in the stock market. + +EDIT: currently, U.S has only been able to keep up with the debt because of innovations with expanding economy. But the progress will soon halt as other countries start to take over the world market. +Suppose Alice has bitcoins and wants to send them with maximal privacy, so she creates a special kind of transaction. For anyone looking at the blockchain her transaction appears completely normal with her coins seemingly going from bitcoin address A to address B. But in reality her coins end up in address Z which is entirely unconnected to either A or B. + +Now imagine another user, Carol, who isn't too bothered by privacy and sends her bitcoin using a regular wallet. But because Carol's transaction looks exactly the same as Alice's, anybody analyzing the blockchain must now deal with the possibility that Carol's transaction actually sent her coins to a totally unconnected address. So Carol's privacy is improved even though she didn't change her behaviour, and perhaps had never even heard of this software. + +In a world where advertisers, social media and other companies want to collect all of Alice's and Carol's data, such privacy improvement would be incredibly valuable. And also the doubt added to every transaction would greatly boost the fungibility of bitcoin and so make it a better form of money. + +This undetectable privacy can be developed today by implementing CoinSwap. The software could be standalone as a kind of bitcoin mixing app, but it could also be a library that existing wallets can implement allowing their users to send Bitcoin transactions with much greater privacy. + + +For the last few months I've been working on implementing this project, and recently reached another milestone: Multi-hop CoinSwaps. + +In the original CoinSwap design there would be only two peers involved, that meant if your wallet did a CoinSwap the other party knew exactly where your coins went. They were a single point of failure in privacy. Multi-hop CoinSwap is where the user routes their coins of multiple CoinSwap peers, and all of them need to collude in order to figure out the final source and destination of the coins. + + +Just for fun I created a 5-hop CoinSwap on testnet. Each hop has 3 individual transactions: + +Taker's outgoing transactions: + +https://blockstream.info/testnet/tx/f45349bd279bea20b8b218300f8e2416abf28f3858470ad8c5eb2f6cd5ec10a9 + +https://blockstream.info/testnet/tx/40ea5c9e478b66fa3f615c2b8d3accfd69308443d90a5353de669767cb02c51f + +https://blockstream.info/testnet/tx/8fe245e9c433127af4df8ff8853650808e3281fed7de6bfda62066a3fd3ad36e + +First maker funding transactions: + +https://blockstream.info/testnet/tx/3d9b879866ad136f9fe6e80599e1b97d610b6330be3ab4aa7df4161fce1e41d4, + +https://blockstream.info/testnet/tx/fa11e778d135be28b4e35498fc668c5aba7c70dcc43334b39e7488bd1259e8be, + +https://blockstream.info/testnet/tx/a7713452bab711c09be83a8c630fb91127771ed99cf15b528eacd28b00ba6b20, + +Second maker funding transactions: + +https://blockstream.info/testnet/tx/245e1e87d83a4bef06ceb8933c758137ee2f7ba7aa66800ebb7103707d5de5f7, + +https://blockstream.info/testnet/tx/15727b91e09a80634587f6210bdcba8808b93e4a780c55dd113ee85314db45c4, + +https://blockstream.info/testnet/tx/94e4e4e9e8fc2012158ed068145c8b883c295b37f5b3b6cba7a21c229d4da103, + +Third maker funding transactions: + +https://blockstream.info/testnet/tx/1384d58e534543e22e4f23a367728bff12177ee9af01b036c397cfca9bbe2eb8, + +https://blockstream.info/testnet/tx/eff3b1367f403c13927ddcb01c6d3c5c0d46076f7cb4419f8a18d6b62d884540, + +https://blockstream.info/testnet/tx/617c52caec2f7f17f3ebd1cab80233cdc1b414591f1cc49affbd828ffec10278, + +Fourth maker funding transactions (also taker's incoming transactions): +https://blockstream.info/testnet/tx/8fde61974a4e0801ae5b76b620e2effd6c837310c1bd76d738216451ae1226e3, + +https://blockstream.info/testnet/tx/6491b85ef73a8f88e276a9b0f951c09e0367851a83aa49ffee8f8ad095f50de2, + +https://blockstream.info/testnet/tx/363b6803b7e3ed45472277448ce9938e3e73167a67762d6a9ac621243b8db019, + +These transactions don't look particularly special (which is the point), but they are CoinSwaps. Following the CoinSwap protocol, those coins are transferred off-chain to the next market maker. Even though the coin are unspent at the time of writing, they are unilaterally controlled by the other party. + +The user created a CoinSwap for 0.05 tBTC in this case (but it could have been any amount), and out the other side they got the same amount of coins (minus a fee) entirely disconnected to their initial coins. The fee goes to the makers which provides them an incentive to cooperate to improve privacy, and also gets spent on miner fees. + +From the point of view of someone just passively observing the blockchain, a single-hop CoinSwap is as private as a multi-hop CoinSwap, so I suspect in practice most users will just create 1-hop or 2-hop CoinSwaps. + + +These example CoinSwaps have a visible 2-of-2 multisig address. But the plan is to later use a protocol called ECDSA-2P which allows us to create 2-of-2 multisig addresses that look the same as regular single-signature addresses. This allows CoinSwaps to blend in with the rest of the bitcoin transactions out there. Even the legacy p2pkh addresses starting with 1 can be CoinSwap addresses. + +CoinSwap is the next generation of bitcoin on-chain privacy tech. It improves on CoinJoin because it breaks the transaction graph, and even improves the privacy of people who don't use it. CoinSwap also uses less block space for the same privacy and therefore is cheaper in miner fees. + + +Links: + +* The code: https://github.com/bitcoin-teleport/teleport-transactions/ + +* Discussion: `##coinswap` IRC channel on the freenode network + +* Design document: https://gist.github.com/chris-belcher/9144bd57a91c194e332fb5ca371d0964 + +* Previous reddit thread: https://www.reddit.com/r/Bitcoin/comments/k95iu4/the_first_coinswap_on_testnet_massive/ + +* Podcast: https://anchor.fm/tales-from-the-crypt/episodes/170-Chris-Belcher-ef8blj + +* Donations: https://bitcoinprivacy.me/coinswap-donations +I can’t wrap my mind around how much data Coinbase collects from its users. In my opinion, it’s unethical and goes against everything cryptocurrency stands for. + +According to their [Data & Privacy page](https://help.coinbase.com/en/coinbase/privacy-and-security/data-privacy/what-is-the-gdpr), Coinbase may collect the following types of information: + +- Personal Identification Information: Full legal name, date of birth, age, nationality, gender, signature, utility bills, photographs, phone number, home address, and/or email. +- Formal Identification Information: Government issued identity document such as Passport, Driver's License, National Identity Card, State ID Card, Tax ID number, passport number, driver's license details, national identity card details, visa information, and/or any other information deemed necessary to comply with our legal obligations under financial or anti-money laundering laws. +- Institutional Information: Employer Identification number (or comparable number issued by a government), proof of legal formation (e.g. Articles of Incorporation), personal identification information for all material beneficial owners. +- Financial Information: Bank account information, payment card primary account number (PAN), transaction history, trading data, and/or tax identification. +- Transaction Information: Information about the transactions you make on our Services, such as the name of the recipient, your name, the amount, and/or timestamp. +- Employment Information: Office location, job title, and/or description of role. +- Correspondence: Survey responses, information provided to our support team or user research team. +- Online Identifiers: Geo location/tracking details, browser fingerprint, operating system, browser name and version, and/or personal IP addresses. +- Usage Data: Authentication data, security questions, click-stream data, public social networking posts, and other data collected via cookies and similar technologies. + +If you are using iPhone, check out the [Coinbase Pro app in App Store](https://apps.apple.com/app/coinbase-pro/id1446636681) and scroll down to ‘Privacy’ to see what data Coinbase collects from you. If you are new to crypto and don’t have a crypto exchange yet, this may be an easy tool to help you decide. + +**Stop whining, it’s just KYC/AML** + +The supposed benefit of KYC/AML is preventing money laundering and financing of terrorism — commonly shortened to anti-money laundering (AML). The reason I say “supposed” is because the worldwide AML programs do little to curb any money laundering. According to a [recent study](https://www.tandfonline.com/doi/full/10.1080/25741292.2020.1725366), AML worldwide has about a 0.1% success rate, while costing institutions a great deal of resources in compliance costs. + +But compliance isn’t the major KYC/AML cost — it’s the risk and lost opportunities that these requirements impose on ordinary people: + +- Data leak risks: [everything leaks](https://en.wikipedia.org/wiki/List_of_data_breaches), it’s simply inevitable; +- Data sharing risks: you may think you provide data to an exchange, but these data are going to be shared with third parties and government agencies; +- Personal risks: leaked or stolen data can be used against you in an attempt to steal your coins, both remotely (phishing) and physically (home invasion); +- Confiscation risks: laws change all the time and there might come a time when a [6102 type](https://en.wikipedia.org/wiki/Executive_Order_6102) of legislature is passed; +- Lost opportunities: people from sanctioned countries or without required documentation are ostracized from using bitcoin-related services in the same fashion as from the legacy finance industry. + +On top of these risks, consider the public nature of the Bitcoin blockchain. When you buy bitcoin on an exchange that has your full identity, this exchange can track your withdrawal and subsequent transactions. In fact, exchanges regularly cooperate with chain analysis companies that make it their business to track users’ transaction behavior. + +KYC’d bitcoin is surveilled bitcoin. +Hi all, + +I’m hoping to get a little insight here. My company, a very large US financial firm that has over 30,000 domestic employees, offered its employees voluntary separation deals. Basically, they’ll lay you off if you volunteer. + +I’m 4 years out of college and have been here since interning my senior year. The company has been going through massive changes. They are explaining to us that this is for the people who may not like the change and wish to pursue other options. Verizon did something similar and there are articles about it. + +Idc about the change, I actually like it, and I really like my job so I don’t particularly think I want to take it. However, I would be naive not to realize that this program means a whole lot of other stuff is happening behind the scenes. + +They send everyone in the company who was eligible (like 25,000 people) customized letters that were put together using some calcs. Basically they offered me 13 weeks severance pay, $3k bonus, COBRA for 12 months and assistance from their consulting partner to help me find a new job. I would separate officially in February. I work in IT, in a high demand field. While I think I can find another job at comparable, if not more pay I do worry they couldn’t match the benefits. + +Any advice on whether or not I should request this separation? Does something like this mean big, messy things are only to follow? Companies (at least in my state) have to register at least ahead of time with the state if there will be layoffs and I did not see my company on their. + +Thanks! + +EDIT: I MADE A DECISION ALL. THANK YOU EVERYONE. + +Basically the number one thing I realized is that this program was not geared towards my demo. If I applied to do it I’m thinking I will be denied and I’d have to stay. + +Second, I realized they wouldn’t pay out vacation days. That is about $11k for me right there. Also, the bonus pay out is an average of my 3 bonuses. This March, bc of my recent promotion, my bonus will be much higher. I’m thinking even if bonuses take a hit for this and I get the low side I’m still looking at $7k (if things continue as normal I’m looking at $12k bonus). + +So basically, if I stay and let them lay me off or I resign after March then I get the vacation pay out and my bonus which is $18-$23k. The payout the offered is worth $17k. + +I’m staying until March at least. I know I will have to jump ship eventually but I will do it on my own terms when I get the offer I really want! Thanks again everyone! +The most mentioned tickers in posts (no comments) with more than 7 upvotes on [r/stocks](https://www.reddit.com/r/stocks/) in 2020: + +* TSLA (44) +* AMD (43) +* MSFT (42) +* NIO (33) +* NKLA (25) +* AAPL (23) +* AMZN (20) +* DKNG (19) +* PLTR (17) +* BABA (16) +* FB (14) +* NET (14) +* RTX (13) +* MGM (12) +* DIS (11) + +source: Posts from this sub, parsed with pushshift. Text-searched for all tickers on american stock exchanges. Manually removed tickers like CEO, DD, AI, UK, EV, PE ... as well as all one-letter tickers. +Hey guys, + +My partner and I are trying to figure out whether or not we ditch our trusty reliable paid off (but old) Honda Civic and take up a Novated Lease. I've done the maths on this a few times, but I still get the impression that I might be missing something somewhere along the line that might end up screwing me over. Could you guys have a look and see? + +We're both in low income jobs, but we own outright a 2007 Honda Civic that we paid $6,800 for used in October 2016. Throughout 2017 I calculated all the running costs and it turns out that we spent $5,414 on it (Rego, Insurance, Servicing and Petrol - did I miss anything here?). Redbook values the car at the moment between $4,800 and $6,400. If I take the middle ground (car is in excellent condition mechanically and internally, but roof is peeling) I've worked out that we've lost roughly $1,000 in depreciation. + +As far as I can work out, that means we spend roughly $208/fortnight on the car over the year (or $246/fortnight with depreciation). + +My employer though gives me access to RACV Salary Solutions (we're in WA though). Using their calculator, it looks like we could get a used $10,000 car with all the running costs (am I wrong here?) for $227/fortnight before tax is taken out (according to the calculator, that would save me about $1,900 a year in tax). + +The way I'm looking at it is that we could sell the Honda, put that money into a safe term deposit and let it again interest, while saving money on tax and paying the same that we do now in running costs for the Honda for a newer car. + +This is where I'm wondering whether I'm missing something though. Is it as simple as this? Have I made a gigantic oversight somewhere that will cost me a chunk of money in unexpected fees? Are Novated Leases just a decorative little perk that the government gives to people in not-for-profit industries like mine because we earn less, but in reality are just a roundabout way to leech more money? I don't know. + +Any answers or insights would be much appreciated. Cheers. +Just wondering what you all used to track wealth? Are there any that standout above the rest? + +I have wealth spread out across different institutions and banks- are there any apps that can consolidate all these accounts (for tracking purposes only)? +Won't raising rates lower demand and thus less items needing delivery, lowering pressure on the supply chain and allowing it to "catch up" + +Eg New cars - if there's less people ordering them wont the companies catch up to their preorders and in the future need to transport less? + +I'm a vet who knows nothing about economics. Looking to learn what I'm missing? +First off cool, we're happy seeing some green after the last week and a half of red dildo's being shoved in our faces, but wtf is going on? + +It seems like every time the market is moving "sideways" an invisible force of bots and whales just does whatever they want. You can literally look at the charts (I use [datamish.com](https://datamish.com)) and see some extra weird shit as the price bounces quickly up and down then randomly every single coin will follow suit with a huge cliff down or a massive pump up. + +There are some huge warning signs in the global financial markets going on including the Chinese housing bubble and inflation. I'm actually starting to get worried as a firm believer in crypto that this space is literally going to end up being controlled by the whims of billionaires using algorithms they know nothing about to hedge their coming losses and force the rest of us to foot the bill. + +Why else would literally every single large cap crypto rise almost the exact same percentage at once? I mean is everything just tied to the price of BTC at this point? + +This isn't even mentioning that options contracts for the month expired this last Friday where likely billions of dollars were on the stake if prices stayed up. There's a clear coordinated effort to sway prices a certain way happening and barely anyone is actually talking about it. +I just wanted to inform you guys about your mistake. I know many of you are thinking FB is going to crash tomorrow but you are sadly mistaken. FB is currently extremely shorted, over 56 million shares. Once everyone sees the big boys aren't dumping this winner, people will panic to cover their shorts, including you. Facebook will be in the 30s (50% gain, will be over 100% for me since I am using margin) by the end of the year. + + I am guessing you guys will downvote me, since you are shorting this stock and are scared of the truth, but I am just trying to help you. Cover your shorts now and go long, you will regret it if you don't. + + +Figure I should show some proof, here is a picture of my account, without giving away too much information. http://i.imgur.com/RrDJl.png +16k + 23k margin = 240% in FB. +Essentially looking for the name of the test to check if the time series is holding a trende or not or if it was historically holding a trend but not anymore! + +This is the closest question asked that I could find on the sub: + +[https://www.reddit.com/r/algotrading/comments/mxkjy0/testing\_stationarity\_properties\_to\_deduce/](https://www.reddit.com/r/algotrading/comments/mxkjy0/testing_stationarity_properties_to_deduce/) + +But this is not what I'm looking for! + +I thought of trying to find if the trend holds or not by looking at the angle between two linearly regressed time series each having 10 periods of lookback, but it is unreliable. +The author creates a number of time series features based on the returns data and then applies a clasification model to predict the direction of tomorrows stock price. It would be interesting to hear your opinions on the strategy. + + [https://lf0.com/post/xgboost-time-series-classification-trading-strategy/xgboost-time-series-quant-trading-strategy/](https://lf0.com/post/xgboost-time-series-classification-trading-strategy/xgboost-time-series-quant-trading-strategy/) +Reinforcement learning for trading has a problem with overfitting. A way around this is to give an agent many experiences that are close to the real thing without look-ahead bias, then training on various kinds of real data. Training 100s to 1000s of episodes in an event driven manner can become very slow. [I wrote a blog post about how I sped it up for my agents tests](https://medium.com/@kevinhill_96608/how-to-create-a-concurrent-and-parallel-stochastic-reinforcement-learning-environment-for-crypto-3756d78b7a8e?source=friends_link&sk=f1b3321cbee3f42004eee87285eae27a). + +&#x200B; + +https://i.redd.it/keg9yd0n4hd31.png +I've been thinking about this idea quite a while now and decided to brainstorm it here. For traditional markets, once you define a universe you have several options: + +- equal weight index + +- cap weighted index + +None of these options are acceptable for crypto since ETH & BTC dominate other altcoins so much, that equal weight makes no sense, and capitalization is meaningless especially for deep tier altcoins. + +So what do we have left? I can not think of anything but + +- weighted by average dollar traded volume for the last N days + +Are there any other options? +This is from the Financial Standard's Working Group: + +**Draft Plan 'A'** - "bits" + +This is one of three draft plans for the recommendations of the Financial Standards Working Group of the Bitcoin Foundation.The five principal standardization tasks are + +- Recommended Transaction Unit +- Unit Name +- ISO 4217 code +- Unicode codepoint +- Associated Glyph + +As these plans are for interchange of data between systems and people, it says nothing about display options for wallets, websites, etc, where a person is communicating with themself. Therefore the distinct aspects of the proposal are for the same unit. + +- The principal transaction unit shall be 100 satoshi. +- The unit name shall be bit +- The proposed ISO 4217 code shall be XBI with 2 decimal -places. +- The proposed unicode codepoint shall be called BIT CURRENCY SIGN +- The glyph is TBD. + +The Bitcoin Foundation shall fund a design bounty for a community competition to design a glyph for the unit. +The Bitcoin Foundation shall fund two professionals: one to prepare and advocate for a proposal for an ISO 4217 code, and one to prepare and advocate a proposal for a Unicode codepoint for the winning glyph. + +Examples: +A pack of gum (around USD 1.00): XBI 2,860 Lunch in Tokyo (around USD 10.00): XBI 28,570 A feature phone (around USD 100.00): XBI 285,710 A decent laptop (around USD 1,000): XBI 2,857,100 A decent used car (around USD 10,000): XBI 28,571,000 + +This proposal represents a unit that is fairly new to the ecosystem, but which has increasing adoption among users to the extent that the majority of users self-report preferring it to option A. + +Advantages: Existing usage and increasing adoption. Small-valued units make the currency seem more accessible to new users. + +Disadvantages: Such a small-valued unit may cause Bitcoin to be perceived as a joke currency. The principal unit is too small to be accepted by the network; values below 54.30 millis are considered "dust". + +**Draft Plan 'B'** - "bitcoins" + +This is one of three draft plans for the recommendations of the Financial Standards Working Group of the Bitcoin Foundation. +The five principal standardization tasks are + +- Recommended Transaction Unit +- Unit Name +- ISO 4217 code +- Unicode codepoint +- Associated Glyph + +As these plans are for interchange of data between systems and people, it says nothing about display options for wallets, websites, etc, where a person is communicating with themself. Therefore the distinct aspects of the proposal are +for the same unit. + +- The principal transaction unit shall be 100,000,000 satoshi. +- The unit name shall be bitcoin. +- The proposed ISO 4217 code shall be XBT with 8 decimal places. +- The proposed unicode codepoint shall be called BITCOIN SIGN. +- The glyph shall be a capital roman letter B with two vertical strokes through it. + +The Bitcoin Foundation shall fund two professionals: one to prepare and advocate for a proposal for an ISO 4217 code, and one to prepare and advocate a proposal for a Unicode codepoint. + +This proposal suggests a unit that has the most history in the ecosystem of the alternatives, but that has fallen out of favor for the majority of participants because the value is inconvenient for most everyday uses. +Examples: +A pack of gum (around USD 1.00): XBT 0.00286 Lunch in Tokyo (around USD 10.00): XBT 0.02857 A feature phone (around USD 100.00): XBT 0.28571 A decent laptop (around USD 1,000): XBT 2.8571 A decent used car (around USD 10,000): XBT 28.571 + +Advantages: This unit has the most "history" in the ecosystem. The ISO 4217 code has started to get some use (though less than BTC and not for interchange as an ISO code). This existing use may make the difference between success and failure in acceptance of an ISO 4217 application for a currency code. + +Disadvantages: This is an inconvenient unit for day-to-day transactions If users attempt to select a more convenient unit for their wallet application, they will have to convert when they receive an invoice, check, etc. There is an increasing movement in the ecosystem away from this unit, to the extent that most users self-report that they prefer a different unit. Most accounting software is not prepared to handle 8 digits after the decimal. + + +**Draft Plan 'C2'** + +This is an alternative form for one of three draft plans for the recommendations of the Financial Standards Working Group of the Bitcoin Foundation. + +The five principal standardization tasks are + +- Recommended Transaction Unit +- Unit Name +- ISO 4217 code +- Unicode codepoint +- Associated Glyph + +As these plans are for interchange of data between systems and people, it says nothing about display options for wallets, websites, etc, where a person is communicating with themself. Therefore the distinct aspects of the proposal are for the same unit. + +- The principal transaction unit shall be 100,000 satoshi. +- The unit name shall be milliBitcoin (informally milliBit or milli) +- The proposed ISO 4217 code shall be XMB with 5 decimal places. +- The proposed Unicode codepoint shall be called MILLIBITCOIN SIGN. +- The glyph is TBD. + +The Bitcoin Foundation shall fund a design bounty for a community competition to design a glyph for the unit. + +The Bitcoin Foundation shall fund two professionals: one to prepare and advocate for a proposal for an ISO 4217 code, and one to prepare and advocate a proposal for a Unicode codepoint for the winning glyph. + +Examples: + +A pack of gum (around USD 1.00): XMB 2.86 Lunch in Tokyo (around USD 10.00): XMB 28.57 A feature phone (around USD 100.00): XMB 285.71 A decent laptop (around USD 1,000): XMB 2857.10 A decent used car (around USD 10,000): XMB 28571 + +This proposal deserves a bit of an explanation. The other two proposals have disadvantages in that they go too far in one direction (too large valued units, necessitating small decimals that are hard to read) or the other direction (too small valued units, necessitating large integer number of units for moderate-sized purchases). This proposal attempts to strike a balance, noting that many bitcoin websites and tools offer this transaction unit (and unit name) as an option that is already widely used. + +A variation on this theme would use the existing Unicode codepoint U+20A5 ₥, MILL SIGN, which appears in the currency block. In that case we would call the unit "mill". + +Advantages: +This unit is already widely used in the ecosystem. +This is a convenient unit for a wide range of transaction values. +This choice of unit and name leave room for expansion in both directions. + +Disadvantages: +We do not yet have a design for the required glyph. +Most accounting software is not prepared to handle 5 digits after the decimal. On the other hand only two are significant for accounting purposes. + +For context I'm 16. My mum ended up finding out my bank account was down to £20. This was because I spent most of my money on btc which I then converted to various different alts mainly vtc. I couldn't tell her since she'd think it's a scam and would think it's too good to be true. I lied and said I ate a shit ton of take out and went to Mcdonalds/kfc everyday after school. + + + +Edit: Thank you everyone for upvoting. Thank you u/slickguy for sending me $150 worth of ETH. I'm still struggling to process it. Now I have to explain a random dude sent me $150 worth of magic Internet money. + +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? +I see a lot of idiots who claim in their papers that patterns and technical analysis do not give advantage in trading. The only reason most of the papers about techincal analysis are like these is because people who have found out that the technical analysis and pattern recognition actually works have already made hedge funds, or they just keep them to theirselves making millions with the strategy. Fucking idiots. +I thought making money is about being ruthlessly calculative and I don't see why my psychological temperament correlates with making money. + +Also, why is everyone as vague as possible when they're talking about strategies? Do the strategies become less effective if they become publicized or am I missing something else? +For the people who trade either of these two, which one do you prefer to trade and why? + +Reason as to why I prefer to trade NQ is because I can find better RR set ups. They’re not as clear as ES but I think it’s a fair trade off. +I’m curious about others who scalp and how you determine your entries and exits. Since scalping requires quick decisions and timing, I approach it as such: + +- Before entering, I eyeball a stop loss. Depending on the chart pattern, it could be one candle, half a candle, the 9EMA, or any other technical indicator I spot that would tell me the price won’t be going my way any time soon. I will not move this stop loss back (did it once and it came back to bite me hard). + +- If the price continues to consolidate, I’ll give it a chance to break my way until it shows clear signs of reversal. If price movement changes the chart pattern, I may (depending on the pattern) move my stop loss up. + +- If it breaks really fast, I’m exiting as soon as the quick move stops. I play defense here, because my goal as soon as it breaks is not to get caught in a potential reversal. + +- If it breaks a little slower, I ride the momentum until it stops. I will exit at any of the following signs: price stagnation, hard rejection or bounce (depending on direction of trade), new candle forming a reversal. As I’ve gained more experience, I’ve also learned to read key price levels (e.g. previous highs and lows, whole numbers or tenths decimals, etc.) for anticipated price movements. + +Because I’m scalping, I’m not looking to capture the entire movement of the price and will happily take my gains before watching the price run further up or down. I’m not psychic and can’t time the top or bottom, so I won’t even try. + +(BTW, for those who watch him, yes, this is the Matt Diamond strategy. I’ve found that his way, with a few adjustments, works best for me as well.) +I have a question regarding the reality of day trading. I am here to ask, is it truly possible to make consistent profits and live solely off trading. I ask this because I constantly see this fake day-trading guru lifestyle being pushed on Instagram to sell courses, but I want to know about the normal people who make consistent, good money day trading. Is it truly possible? +Warren Buffett’s annual letter to Berkshire Hathaway shareholders + +[https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/02/22/2019ltr.pdf](https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/02/22/2019ltr.pdf) + +`Charlie and I urge you to focus on operating earnings – which were little changed in 2019 – and to ignoreboth quarterly and annual gains or losses from investments, whether these are realized or unrealized.` + +My assumption + +* operating earnings = EBIT +* quarterly gains/losses = Net income/profit + +Why is EBIT a better metric than Net Income for valuating companies? +My husband and I have been renting a house we love in Virginia for a few years now and the landlord has decided to sell it. We didn't feel like we were in quite the right place financially to buy it at market value (~340k) but they just listed the place as a short sale in as-is condition for $300k. We have been spending the last 9 years or so padding our retirement accounts and emergency savings, and haven't really saved up much specifically for a down payment. Now that our retirement accounts and emergency savings are in a great place, we had planned on refocusing our efforts towards a good down payment over the next couple of years to buy a house in the area, but now we aren't sure if it would be worth buying ahead of schedule using our current assets because of this short sale opportunity. + +The house is perfect for us and we have lived here long enough to know that it has no major problems. The heater was replaced a year and a half ago, and the A/C unit was replaced 1 year ago. If we purchased we would probably want to stay in this house for at least another 5 years, but probably want to move into a detached single family home in the next 10 years. There is basically no real estate in this super-inflated area that is cheaper than this other than a one bedroom condo, so buying a cheaper place isn't really an option for us. As far as our investment goes, the real estate market in this area is booming and housing prices are rising quickly. And in the next 5 years we should have a metro station in our area, so I would imagine prices would increase even further. + +I think our biggest issue right now is that very recently I took a major leap and quit my soul-crushing job of 8 years to become self-employed. It's been great so far but I haven't been at it long enough to show any sort of reliable income. We have no issue living off of my husband's salary, but I'm sure it doesn't look great to a mortgage company. But I'm hoping that with our excellent credit scores, low debt, decent assets, and the fact that we are first time home buyers, that maybe we have a chance of getting a decent mortgage. + +Here are the numbers. Let me know if there is anything else important I'm missing... + +-Our credit scores are 760 and 789. + +-Husband's Salary: 75k/year, pretty secure with likely raise and bonus soon (never counting on it though) + +-Emergency Fund: $18k (6 months of living expenses for both of us. Willing to part with probably $8k towards house) + +-Gift from parents for house down payment: $10k + +-Retirement Accounts: $155k total ($124k is in pre-tax accounts) I heard this can help you get a better mortgage rate, is that correct? We would never take money out of our retirement account. + +-Debt: $9k student loan, $6k car loan, some minor misc. CC debt that we pay off every month. + +-Current rent payment: $1700/month (would hope that our mortgage payment +PMI + taxes +HOA fees wouldn't go too much above this). P.S. I know this sounds like a lot for rent, but for our area this is pretty good deal... + +-Current monthly debt payments: $437.41 for car loan and $259.89 for student loan + +-Other random assets: Our two cars together are worth about $20k (KBB). One we own completely, the other is the one we still owe $6k on. Not willing to part with either of them, but not sure if having them as assets counts towards a mortgage rate reduction or anything. Just trying to be thorough. + +________________________________________________ +QUESTIONS: + +1. Would it be stupid to try to buy now without 20% down? Should we just move into another rental and save until we have the full 20%? + +2. Is there anything involved in a short sale that could put up a red flag, if we know the property is in good condition? + +3. Any tips on first time home buyers in Virginia? Something that might help tip our situation in favor of buying? + +4. Does buying the house for $300k when its estimated value is listed as being worth $340k help us in regards to this situation? Could we refinance quicker, maybe a year or two, to get rid of paying PMI based on the actual value of the home? + +5. Do you think we could get a mortgage rate low enough on one salary that our combined monthly payment (including taxes, PMI, and HOA fees) would be relatively close to our current rent payment? I've been trying to crunch the numbers, but I just don't know enough about mortgage rates. + +6. I assume we'd be looking for a 30-year fixed rate mortgage. If there are any other options that wouldn't be a huge risk and might make sense for our situation, I'd love to hear about them. + +7. Would it be a bad financial decision to jump into this? Would we be laughed out of a bank if we tried to apply for this mortgage in our current state? We're fine not buying if it's a bad decision, but we just want to make sure we aren't passing up a good offer because of something we don't know. + +Thank you guys in advance for all of your help! We really appreciate your insight :) + +**EDIT: Thank you everyone for your responses! Just a few bits of updated info based on some questions I've gotten. The landlord originally bought the place for $400k and is upside down on his mortgage, hence the short sale. My husband and I are in our early 30s. Comparable houses in the area, including one a few doors down, are selling for $340-$375k. My husband works as chemist and his job is pretty secure right now and his company is doing extremely well. My income used to be around 40k and I expect to be bringing in a similar amount building up over the next year or so but right now I'm just starting out working from home. So we have more than $75k coming in to our household, but not necessarily income that a bank will care about. + +Looking forward to reading through all of these responses and doing a lot more research! Thanks everyone! ! + + + + +I worked for Panera for about a year. I thought it would just suck but it was actually a lot of fun. I was wondering if that was possible to do again (or its just random). Thanks +Palantir won a 3 year, $44M contract to help the FDA. + +This is great news for the company since it reaffirms their software capabilities in the healthcare sector. They currently work with Merck KGaA and I suspect more healthcare companies will become customers with Palantir over the next year or so. + +Palantir also announced a continued partnership with the Greek gov with regards to covid. + +[FDA info](https://www.streetinsider.com/dr/news.php?id=17688772) + +[Greek Gov Info](https://investors.palantir.com/news-details/2020/Greek-Government-and-Palantir-Reaffirm-Digital-Transformation-Partnership/default.aspx) +Signing up for insurance on my own. The actual health insurance was pretty easy to select. It’s dental insurance I’m a little confused on. + +So it would cost me $18 a month. The breakdown is: + +No deductibles or yearly limits + +Referrals are needed to see specialists + +You must use in network dentists + +No charge for preventative care + +Prosthodontics - I pay 40% +Minor Restorative - I pay 10% +Major Restorative - I pay 40% + +Is this worth it? I’m 26 and pretty healthy. However, I haven’t been to a dentist in a while. I do brush and floss regularly to try and take care of my teeth though. +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. +James Howells, the owner of a discarded hard drive with 7,500 Bitcoin (BTC), has made a fresh plea to excavate a landfill site and possibly recover the device. + +Back in 2013, Howells accidentally threw away a hard drive containing 7,500 BTC while cleaning his house. The Bitcoin stash came from Howell’s mining activity back when it was still possible to use CPUs to mine Bitcoin/ + +By November 2013, the Bitcoin  in the hard drive was already worth $6.5 million and Howell has been trying to recover it ever since. + +Now, according to Newport daily tabloid, the South Wales Argus, Holler has tendered a fresh appeal for the right to excavate a landfill site in the city. +Hello fellow idiots, + +I wanted to share my smooth-brained observation that GME is oversold at this moment + +[GME, it's oversold](https://preview.redd.it/x1tklqou11p61.png?width=810&format=png&auto=webp&s=280494fa547e6c1bdc361937a80193513afea56a) + +&#x200B; + +*"Wow, great fucking observation!"* \- you + +&#x200B; + +# The reason this is worth noting is because of the difference in price on the day of frog ice cream tweet vs. today. + +&#x200B; + +**2/24/2021** | RC tweeted frog ice cream: Low of $45, RSI of 46 + +**3/24/2021** | Day after 2020 Q4 earnings: Low of \~$125 (at time of writing), RSI of 43 + +The day of RC's tweet and following day had a cumulative volume of \~233m shares and the price increased from a low of $45 to a high of $185, closing at $109. + +&#x200B; + +# Okay, what's a smooth brain to do with this type of data? + +&#x200B; + +**The answer:** Make a wild guesstimate about potential future price movement. + +# + +# A crude calculation: + +Today's low ($125) \* Two day price increase after RC's frog ice cream tweet (400%) = **$500** + +Well I'll be damned. Isn't that a nice looking number? + +With the current fundamental outlook and turnaround story that is unfolding before our eyes, my belief is that there is high potential for additional catalysts coming in the next year, months, weeks, or even days. I'd venture to say it can be a catalyst that triggers even more buying volume than frog ice cream. The timing is what we can't know. + +&#x200B; + +# What's my conclusion? + +My calculation is crude and theoretical. The price could go back to $10 for all I know. But Jeffries just raised the PT to $175. There are a ton of potential catalysts coming, and GME RSI is in oversold territory. **I heard from someone with a wrinkle that low RSI = good time to buy.** + +take care you fucks! +Basically, I chose a useless major right out of high school and so I had to go back to school for something smarter at 28. I am 30 now and have gotten great grades for the past two years. + +I have been living at this student housing place since August of 2017. It was only about $600 with lots of amenities and 5 minutes from downtown. I had to deal with 3 roommates but I figured I could make it work. The downside is they throw you in with people that you’ve never met before with their roommate “matching” program. The roommates have gotten progressively worse and the guy I have to live with now is a scumbag all across the board. He let a friend sleep on the couch for the first month and collected rent from him, didn’t ask us if it was ok and kept all the rent money for himself - the crazy part is he did not even pay his regular rent to the apartment complex - I told him I was not ok with that and he sent me an essay long text saying how I “disrespected” him and how other people who have done that have ended up in the hospital - he is filthy, takes food and appliances into his room, doesn’t take showers, plays video games super loud in the living room. I’ve tried talking to him but he doesn’t care. I’ve tried talking to management but they don’t care either. I’ve been trying my best to just stay out of the house and study at coffee shops or stay in my room but I’m near the end of my rope now. I’m too old for this crap. In 2020 I will be taking some of the hardest classes I’ve ever taken in my life and I don’t know if I will be able to pass them with this extra drama from my living situation. I will definitely be getting my own place when the lease ends but that isn’t until the end of July next year. I really want to get out now but I feel trapped. My options are essentially deal with it or find someone to sublease, pay the sublet fee and move out early. I am pretty set on a 1 bedroom place 5 minutes from where I’m at, it’s about 1k. I average about $1400 a month. I could make it work but my leftover savings would be razor thin. + +A big part of me feels I need to get out of here ASAP - But on the other hand the low rent is very alluring and I think about how much I’m saving financially. On a third hand, I feel like I’m paying the exact same price it’s just that right now I’m paying the other half with my peace of mind. +**Let's stop the cap** + +Think yourself: why should it be over? + +~~Grayscale, Microstrategy and PayPal~~ Institutions are still buying, Tesla is searching for a integration of a power efficient **cryptocurrency** and almost all major banks are creating a crypto/Bitcoin fund. This is just a pullback like all others. We'll be back to $60k in 2 weeks - just zoom out :) + +Enjoy these "dippy days" and see it as a healthy correction as well as a great opportunity to buy more + +Cheers 🥂 + +Edit: Thank you for all the comments :) Interesting to hear each one’s thoughts. I edited my post because of inaccurate information - sorry + +&#x200B; + +**Edit 2: It's 23.05.2021 and this post aged fucking well lol** +I run a small brand of stainless steel crypto backups and recently I put my most popular one inside a ceramic furnace for 12 hours straight, with a peak temperature of 1150 ��C (2102 °F) which lasted 1 hour. + +My backup works by converting each word of your seedphrase into its equivalent number using the BIP39 Standard, a static pool of 2048 words. Then you just grab a hammer or mallet and stamp the sequence of numbers into the plate. + +Product: https://cryptonumeris.com/products/plate-s + +Original wordlist: [https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt](https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt) + +So instead of shipping 27 alphabetical stamps I just ship 9 numerical stamps (6=9). + +I use AISI 304 Stainless Steel which has a melting point of 1450 °C (2642 °F) so I knew it would not melt, this was rather intended to be an endurance test against high temperature for a long period of time. + +[Fully stamped plate](https://preview.redd.it/y9kdtkx8gyu81.jpg?width=4592&format=pjpg&auto=webp&s=433320839d54fb23e72ce73aff1ca6e83ad60522) + +[Macro shot of the stamped numbers](https://preview.redd.it/8gdcdt6dgyu81.jpg?width=4592&format=pjpg&auto=webp&s=f1fa5398e59eeb5c16e14f45953e90e8f358f3cc) + +\*\*\* + +Anyway, so one of my dad's friends runs a ceramics factory which manufactures Raku (his name is Juan), and he was kind enough to let me put one of my plates in one of the furnaces. + +On **April 12 at 6:30 am the test had begun**, the furnace was on. Juan told me the peak temperature was gonna be reached at around 4:30 pm so I went to the factory at that time to photograph the live furnace and and the thermostat. + +Please note that the furnace was turned off at 6:00 pm but remained closed until the next morning at 9:00 am, an extra 15 hours which I do not have the graph for, but it's safe to say it remained very hot inside the furnace for a good few hours after it was turned off. + +[The live furnace.](https://preview.redd.it/ve4i58e3hyu81.jpg?width=4592&format=pjpg&auto=webp&s=69b090de8604e2b4df8e8ff37e6581c48d988e1a) + +[Peak temperature](https://preview.redd.it/avitsx74hyu81.jpg?width=4592&format=pjpg&auto=webp&s=7ec197cad26e0802fe6f73bfd8fc8553b2f35e96) + +[Temperature graph](https://preview.redd.it/ls025646hyu81.png?width=952&format=png&auto=webp&s=202a7f547f608980026044c447534bbcfe5cb0f3) + +# The Aftermath + +On **April 13 at 9:00 am the test had concluded**, the furnace was practically at ambient temperature. The first pic was taken by Juan when they first opened the furnace. I got really anxious because you can barely see any marks on the plates so for a moment I thought they were completely done. I arrived at 11:30 am to the factory only to be surprised by the results. + +[First pic after opening the furnace](https://preview.redd.it/vo2s0m5yhyu81.jpg?width=1512&format=pjpg&auto=webp&s=16667d2625c92ecb52b997ad7fda3e5a686d39df) + +[Front and back](https://preview.redd.it/j4fiobibiyu81.jpg?width=4592&format=pjpg&auto=webp&s=cac74ca0890d9a21706ed2196559df1fb48b20a7) + +[Close up](https://preview.redd.it/f6saqvdciyu81.jpg?width=4592&format=pjpg&auto=webp&s=3c0094e64ae6af465c823ca6e8ea2493bfeea6bf) + +[Macro shot of the stamped numbers](https://preview.redd.it/pltszrwciyu81.jpg?width=4592&format=pjpg&auto=webp&s=94c821a379f2b35880005c89fbf8adf659578c76) + +# Result & Conclusions + +The backup data was fully recovered, you can see all the numbers because the steel has almost all of its integrity even after being burned down for half a day. + +After carefully reviewing both burned plates and the nature of this benchmark, I came to the conclusion that this test was a total success. I like that this ended up being an extreme endurance test that really shows the strength of the steel. + +There's no secret, if the furnace would have reached a temperature of 1450 °C (2642 **°**F) both plates would have melted and redeemed irrecoverable. But realistically speaking, in what scenario would these crazy temperatures be reached? The average house fire temperature oscillates between 600 °C and 800 °C (1100 **°**F - 1500 **°**F). [Source 1](https://firefighterinsider.com/house-fire-temperature-how-hot-does-it-get/) [Source 2](https://jacksonvillesafe.com/2019/07/do-you-know-what-will-not-burn-in-a-house-fire/) + +I do not claim to be an expert in house fires but I firmly believe that 12 hours of high temperature is a long amount of time and proves that this grade of steel is suitable for this kind of application. + +I would love to hear everyone's opinion on my test, was it good enough? I do believe it simulates a severe house fire. If you have any cool ideas for other benchmarks against steel! + +Full article: [https://cryptonumeris.com/blogs/cryptonumeris/stress-test-1](https://cryptonumeris.com/blogs/cryptonumeris/stress-test-1) + +Edit: Thank you all for your feedback! :] +I run a small brand of stainless steel crypto backups and recently I put my most popular one inside a ceramic furnace for 12 hours straight, with a peak temperature of 1150 °C (2102 °F) which lasted 1 hour. + +My backup works by converting each word of your seedphrase into its equivalent number using the BIP39 Standard, a static pool of 2048 words. Then you just grab a hammer or mallet and stamp the sequence of numbers into the plate. + +Product: https://cryptonumeris.com/products/plate-s + +Original wordlist: [https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt](https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt) + +So instead of shipping 27 alphabetical stamps I just ship 9 numerical stamps (6=9). + +I use AISI 304 Stainless Steel which has a melting point of 1450 °C (2642 °F) so I knew it would not melt, this was rather intended to be an endurance test against high temperature for a long period of time. + +[Fully stamped plate](https://preview.redd.it/y9kdtkx8gyu81.jpg?width=4592&format=pjpg&auto=webp&s=433320839d54fb23e72ce73aff1ca6e83ad60522) + +[Macro shot of the stamped numbers](https://preview.redd.it/8gdcdt6dgyu81.jpg?width=4592&format=pjpg&auto=webp&s=f1fa5398e59eeb5c16e14f45953e90e8f358f3cc) + +\*\*\* + +Anyway, so one of my dad's friends runs a ceramics factory which manufactures Raku (his name is Juan), and he was kind enough to let me put one of my plates in one of the furnaces. + +On **April 12 at 6:30 am the test had begun**, the furnace was on. Juan told me the peak temperature was gonna be reached at around 4:30 pm so I went to the factory at that time to photograph the live furnace and and the thermostat. + +Please note that the furnace was turned off at 6:00 pm but remained closed until the next morning at 9:00 am, an extra 15 hours which I do not have the graph for, but it's safe to say it remained very hot inside the furnace for a good few hours after it was turned off. + +[The live furnace.](https://preview.redd.it/ve4i58e3hyu81.jpg?width=4592&format=pjpg&auto=webp&s=69b090de8604e2b4df8e8ff37e6581c48d988e1a) + +[Peak temperature](https://preview.redd.it/avitsx74hyu81.jpg?width=4592&format=pjpg&auto=webp&s=7ec197cad26e0802fe6f73bfd8fc8553b2f35e96) + +[Temperature graph](https://preview.redd.it/ls025646hyu81.png?width=952&format=png&auto=webp&s=202a7f547f608980026044c447534bbcfe5cb0f3) + +# The Aftermath + +On **April 13 at 9:00 am the test had concluded**, the furnace was practically at ambient temperature. The first pic was taken by Juan when they first opened the furnace. I got really anxious because you can barely see any marks on the plates so for a moment I thought they were completely done. I arrived at 11:30 am to the factory only to be surprised by the results. + +[First pic after opening the furnace](https://preview.redd.it/vo2s0m5yhyu81.jpg?width=1512&format=pjpg&auto=webp&s=16667d2625c92ecb52b997ad7fda3e5a686d39df) + +[Front and back](https://preview.redd.it/j4fiobibiyu81.jpg?width=4592&format=pjpg&auto=webp&s=cac74ca0890d9a21706ed2196559df1fb48b20a7) + +[Close up](https://preview.redd.it/f6saqvdciyu81.jpg?width=4592&format=pjpg&auto=webp&s=3c0094e64ae6af465c823ca6e8ea2493bfeea6bf) + +[Macro shot of the stamped numbers](https://preview.redd.it/pltszrwciyu81.jpg?width=4592&format=pjpg&auto=webp&s=94c821a379f2b35880005c89fbf8adf659578c76) + +# Result & Conclusions + +The backup data was fully recovered, you can see all the numbers because the steel has almost all of its integrity even after being burned down for half a day. + +After carefully reviewing both burned plates and the nature of this benchmark, I came to the conclusion that this test was a total success. I like that this ended up being an extreme endurance test that really shows the strength of the steel. + +There's no secret, if the furnace would have reached a temperature of 1450 °C (2642 **°**F) both plates would have melted and redeemed irrecoverable. But realistically speaking, in what scenario would these crazy temperatures be reached? The average house fire temperature oscillates between 600 °C and 800 °C (1100 **°**F - 1500 **°**F). [Source 1](https://firefighterinsider.com/house-fire-temperature-how-hot-does-it-get/) [Source 2](https://jacksonvillesafe.com/2019/07/do-you-know-what-will-not-burn-in-a-house-fire/) + +I do not claim to be an expert in house fires but I firmly believe that 12 hours of high temperature is a long amount of time and proves that this grade of steel is suitable for this kind of application. + +I would love to hear everyone's opinion on my test, was it good enough? I do believe it simulates a severe house fire. If you have any cool ideas for other benchmarks against steel! + +Full article: [https://cryptonumeris.com/blogs/cryptonumeris/stress-test-1](https://cryptonumeris.com/blogs/cryptonumeris/stress-test-1) + +Edit: Thank you all for your feedback! :] +My wife got a letter in the mail after not paying one of her student loans. She owed approximately 45k. They said she could settle the account for 18k if she paid it all at once. My father lent us the money to pay it. When we had our taxes done they said we would owe about $6,000. I'm confused at best. Is this counting the loan from my father as income (To my understanding it shouldn't). If they offered a deal to pay less why are we being penalized for it? Any advice welcome! +Inflation in Turkey is through the roof, that the ATM operators are now replacing the 00 key with 000 key so that people can withdraw enough currency notes for their regular expenses. + +[000 key installed.](https://preview.redd.it/2fvnz62qjgv71.jpg?width=1080&format=pjpg&auto=webp&s=ac669540b8330ce1aa5db2fb212626783fc2ef37) + +The Turkish currency Lira continues to plummet in value, it has lost almost 30% of its value in 2021 alone, and 80% of its value since 2012. In simpler terms, for someone holding Lira since 2012, their money has lost almost 80% of its purchasing power. Such a scenario is unthinkable for most people in advanced industrial economies. + +[Dollar vs Lira charts](https://preview.redd.it/ui4b3d1sjgv71.png?width=2650&format=png&auto=webp&s=c1859da8888470d5a9a2b81272708b6546f1d596) + +As per the latest central bank policy documents, inflation in Turkey is around 20%, while interest rates are around 18%. Turkey's debt ratings all remain in junk grade. + +This is what flawed central bankers and terrible economic policy can do to your savings - all your money saved up in bonds and deposits can lose a huge % of value over time. + +Despite their failing currency, the Turkish central bank have ban crypto payments earlier in the year, terming the risks from crypto as "too big". Specifically, they blamed risk of “non-recoverable" losses arising out of the usage of crypto, and banned companies from offering crypto transactions. + +If anyone is facing non-recoverable losses, it is the people who have held on to their Lira. +Feeling frustrated from other personal finance sites. Thankfully I'm stubborn and resourceful so I've started drawing houseplans for people which is very lucrative so freedom is in site. Still frustrated by the oh just get a $40 an hour job with benefits bullshit. What world are these fools living in? +[https://www.reddit.com/r/CryptoCurrency/comments/t0q8kn/evidence\_that\_charles\_was\_involved\_in/](https://www.reddit.com/r/CryptoCurrency/comments/t0q8kn/evidence_that_charles_was_involved_in/) + + [https://twitter.com/IOHK\_Charles/status/1497296939091566593](https://twitter.com/IOHK_Charles/status/1497296939091566593) + +&#x200B; + + His post: + +This is a follow-up to [https://np.reddit.com/r/CryptoCurrency/comments/szv6oc/evidence\_that\_charlesiohk\_was\_involved\_in/](https://np.reddit.com/r/CryptoCurrency/comments/szv6oc/evidence_that_charlesiohk_was_involved_in/) + +In that post, I gave a list of about 150 addresses that connected IOHK's wallet to the billion ADA unstaked wallet involved in the SundaeSwap front-running. Naturally, I was accused of FUD, saying that I made it up and that there was no way someone could track that accurately. + +Here's a much shorter path connecting the two wallets. + +📷 + +Starting from IOHK's address [https://cardanoscan.io/transactions?address=DdzFFzCqrhsytyf2oUxqFNXDX9MfAFBWk9pTBXViZbSwxEi7PYcq9LSjBDcW6BVcA7KxgeixYWospQKn68P9PaviM2FvhTFvsEezT8qg](https://cardanoscan.io/transactions?address=DdzFFzCqrhsytyf2oUxqFNXDX9MfAFBWk9pTBXViZbSwxEi7PYcq9LSjBDcW6BVcA7KxgeixYWospQKn68P9PaviM2FvhTFvsEezT8qg), it takes less than 15 steps to go from that wallet to the billion ADA unstaked wallet associated with the SundaeSwap front-running. + +You can see in the left column the outgoing address along the path, and in the right column, you see the amount of one of the transactions from the prior address to that address. The right column only gives one transaction amount even when there may be others, since it's only looking at the first page of transactions when going to the transactions page. If there were dozens of transactions outgoing to that address, then the right column only is reporting one of them listed on the first page of transactions. You can see that all but one transaction is on the order of hundreds of millions or billions of ADA. This is not IOHK paying an employee (unless employees are being paid hundreds of millions of ADA!). + +To follow along with how to read the table, first go to IOHK's original wallet [https://cardanoscan.io/transactions?address=DdzFFzCqrhsytyf2oUxqFNXDX9MfAFBWk9pTBXViZbSwxEi7PYcq9LSjBDcW6BVcA7KxgeixYWospQKn68P9PaviM2FvhTFvsEezT8qg](https://cardanoscan.io/transactions?address=DdzFFzCqrhsytyf2oUxqFNXDX9MfAFBWk9pTBXViZbSwxEi7PYcq9LSjBDcW6BVcA7KxgeixYWospQKn68P9PaviM2FvhTFvsEezT8qg). Then find the first outgoing address in the table above and click that link to go to the transactions for that address. + +So click on: [https://cardanoscan.io/address/DdzFFzCqrht3wEZNURs9U5Qp7HnLoi9Cpao2YzThm88CqvLuP9uTmGzpwQc2e9VSUNGPhR7pAz3g9TtnBx3YoiiJ712Va3dBZNTXkTYT](https://cardanoscan.io/address/DdzFFzCqrht3wEZNURs9U5Qp7HnLoi9Cpao2YzThm88CqvLuP9uTmGzpwQc2e9VSUNGPhR7pAz3g9TtnBx3YoiiJ712Va3dBZNTXkTYT) + +Then go to the next outgoing address in the table: [https://cardanoscan.io/address/DdzFFzCqrhsrbtzv9G1qXfGq5mKVeF6AWg2TcuS3qjfLyhHgVATsP3PeocKqkraN6VwbZrNvN2iHeCd8iESanCP8FQS6BnyaThGjLNEc](https://cardanoscan.io/address/DdzFFzCqrhsrbtzv9G1qXfGq5mKVeF6AWg2TcuS3qjfLyhHgVATsP3PeocKqkraN6VwbZrNvN2iHeCd8iESanCP8FQS6BnyaThGjLNEc) + +Then go to the next outgoing address in the table: [https://cardanoscan.io/address/DdzFFzCqrhsnRxkcmJ1ukkN26iefboWFwKLx95G2bW92mutMGqibYJNYuNgbGppCC32tfqWMa8XpWev9jVXoNUQEQPmcDeRh28UJBXvC](https://cardanoscan.io/address/DdzFFzCqrhsnRxkcmJ1ukkN26iefboWFwKLx95G2bW92mutMGqibYJNYuNgbGppCC32tfqWMa8XpWev9jVXoNUQEQPmcDeRh28UJBXvC) + +The rest of the sequence is given below for you to verify yourself: + +[https://cardanoscan.io/address/DdzFFzCqrhsnhac5fv3dE6bT2KcqpdWMjBd57etEzYgVKwwoDGWRrBiqVMcvqMuxLL526N3KEbKAoFXVRJaMpwZCj7DE3nn1SJLYooCF](https://cardanoscan.io/address/DdzFFzCqrhsnhac5fv3dE6bT2KcqpdWMjBd57etEzYgVKwwoDGWRrBiqVMcvqMuxLL526N3KEbKAoFXVRJaMpwZCj7DE3nn1SJLYooCF) + +[https://cardanoscan.io/address/DdzFFzCqrhshT1zPHwWLrBhCgawnPZ7DGKYDKp6pwN4MHqtV4KCCCeWBc44k3Q7jvuzY3UL36Zhp6xUEYxthMPV69Ge3QDDF6Xaf8oxB](https://cardanoscan.io/address/DdzFFzCqrhshT1zPHwWLrBhCgawnPZ7DGKYDKp6pwN4MHqtV4KCCCeWBc44k3Q7jvuzY3UL36Zhp6xUEYxthMPV69Ge3QDDF6Xaf8oxB) + +[https://cardanoscan.io/address/DdzFFzCqrht9mrPZi5BXeWcMxypLBm9ADRyh47pvkg8VNCGjr5drXiyJZxonNEhrUbZkfbrD3fivYS4x1kwom6EVy8skDh7GgwDrE9tW](https://cardanoscan.io/address/DdzFFzCqrht9mrPZi5BXeWcMxypLBm9ADRyh47pvkg8VNCGjr5drXiyJZxonNEhrUbZkfbrD3fivYS4x1kwom6EVy8skDh7GgwDrE9tW) + +[https://cardanoscan.io/address/DdzFFzCqrhsecV6grDueeDk4pM6jxwjq2YtTof7r4TBwNdFmbBd5NJ42XWifSDPhSXdfEomShABDnAjpPnv5Sa9CHbf9U9P5p8x4gzdr](https://cardanoscan.io/address/DdzFFzCqrhsecV6grDueeDk4pM6jxwjq2YtTof7r4TBwNdFmbBd5NJ42XWifSDPhSXdfEomShABDnAjpPnv5Sa9CHbf9U9P5p8x4gzdr) + +[https://cardanoscan.io/address/DdzFFzCqrht2WKNEFqHvMSumSQpcnMxcYLNNBXPYXyHpRk9M7PqVjZ5ysYzutnruNubzXak2NxT8UWTFQNzc77uzjQ1GtehBRBdAv7xb](https://cardanoscan.io/address/DdzFFzCqrht2WKNEFqHvMSumSQpcnMxcYLNNBXPYXyHpRk9M7PqVjZ5ysYzutnruNubzXak2NxT8UWTFQNzc77uzjQ1GtehBRBdAv7xb) + +[https://cardanoscan.io/address/DdzFFzCqrht9LStDVFdrn2SiudEDDrXDPprYZz8WfbrTmu3cko745FJSSNxwrDTa8QTWTLdpFaAhweB4Uz13ev22eNhrNDCrVXZVQT6w](https://cardanoscan.io/address/DdzFFzCqrht9LStDVFdrn2SiudEDDrXDPprYZz8WfbrTmu3cko745FJSSNxwrDTa8QTWTLdpFaAhweB4Uz13ev22eNhrNDCrVXZVQT6w) + +[https://cardanoscan.io/address/DdzFFzCqrhstPePbe8LC1XLkTGYSpBDJyHAJ5PuRgEcshvmG1CrAizB69mSRXBvK2BtFcCuBqrobzSXqpxzTkRWLFyvZpTJL7YQ8hZ58](https://cardanoscan.io/address/DdzFFzCqrhstPePbe8LC1XLkTGYSpBDJyHAJ5PuRgEcshvmG1CrAizB69mSRXBvK2BtFcCuBqrobzSXqpxzTkRWLFyvZpTJL7YQ8hZ58) + +[https://cardanoscan.io/address/DdzFFzCqrht8CHL4tkQy82G6iPk8rsNSpFtqHT6HgR727PrD4meHJAa5z8JkHUHAt3uL1kmtgxUNitnUUomqwmdjgHM3wfzmhDsTf4YT](https://cardanoscan.io/address/DdzFFzCqrht8CHL4tkQy82G6iPk8rsNSpFtqHT6HgR727PrD4meHJAa5z8JkHUHAt3uL1kmtgxUNitnUUomqwmdjgHM3wfzmhDsTf4YT) + +[https://cardanoscan.io/address/DdzFFzCqrht3NbxHh4HbCiFWKwASqERy5DNZiHEewFdoNNxBkYUmg1VkfyDJJUjJcon3y5wCPatgti3AjgyKezW1EoEacJtbQvvbs1Wq](https://cardanoscan.io/address/DdzFFzCqrht3NbxHh4HbCiFWKwASqERy5DNZiHEewFdoNNxBkYUmg1VkfyDJJUjJcon3y5wCPatgti3AjgyKezW1EoEacJtbQvvbs1Wq) + +[https://cardanoscan.io/address/Ae2tdPwUPEZ6xYrxCgRDM2NQFM5oajHEoJN3i9ZVV2AbsbvxoJBjVu3yP7W](https://cardanoscan.io/address/Ae2tdPwUPEZ6xYrxCgRDM2NQFM5oajHEoJN3i9ZVV2AbsbvxoJBjVu3yP7W) + +You don't need to question whether I made up these transactions or manipulated the Cardano blockchain in some way. These records are immutable and they are available for you to verify, so go verify. I will probably be accused of being a paranoid schizophrenic again, and maybe I am, but who cares! The point of blockchain is that you don't need to trust me or anyone else. I know some of you reading this will instinctively be defensive and lash out with insults, but I dare you to verify the transactions yourself before downvoting. + +**Edit:** Thanks for taking up the challenge and looking into this. Some of you found that there was only a 10 ADA transaction between two of the addresses. That's because both output addresses (one with 10 ADA and the other with 241 million ADA) are tied to the same wallet. It's not obvious, but you can read more here [https://np.reddit.com/r/CryptoCurrency/comments/t0q8kn/comment/hyc8719/?utm\_source=share&utm\_medium=web2x&context=3](https://np.reddit.com/r/CryptoCurrency/comments/t0q8kn/comment/hyc8719/?utm_source=share&utm_medium=web2x&context=3) + +The TLDR form of that comment is: the wallet address ending in bs1Wq and wallet address ending in oQU1E are part of the same wallet. You can tell this since they are both outputs of TxHash 547f47b146464476c2da4184fa9123d147053b2e5c84d1f0ede1479a12afbd97, and then one is the input (oQU1E) while the other (bs1Wq) is the output of the next transaction of the bs1Wq address, with TxHash d632d8f487f156c2c91a46e15b066a22888aa2f71ed61bd2d33dd61f46b9590c. That indicates that these two addresses are linked and that the second transaction is a reshuffling of ADA between addresses of the same wallet. + +Even if you aren't convinced that they are part of the same wallet, then suppose they're separate, independent addresses. Then that only adds one more address on the path connecting IOHK's wallet to the billion ADA unstaked wallet: + +[https://cardanoscan.io/address/DdzFFzCqrht8CHL4tkQy82G6iPk8rsNSpFtqHT6HgR727PrD4meHJAa5z8JkHUHAt3uL1kmtgxUNitnUUomqwmdjgHM3wfzmhDsTf4YT](https://cardanoscan.io/address/DdzFFzCqrht8CHL4tkQy82G6iPk8rsNSpFtqHT6HgR727PrD4meHJAa5z8JkHUHAt3uL1kmtgxUNitnUUomqwmdjgHM3wfzmhDsTf4YT) + +[https://cardanoscan.io/address/DdzFFzCqrhsmtkfeNrFHAXC81mPCTp5atR6jUPKkZYrYu4Po6nBaLAygSHYfMq6LCX9z8Hs4LBJsM26FrEWQD6M1fSvN7Y9qEG9oQU1E](https://cardanoscan.io/address/DdzFFzCqrhsmtkfeNrFHAXC81mPCTp5atR6jUPKkZYrYu4Po6nBaLAygSHYfMq6LCX9z8Hs4LBJsM26FrEWQD6M1fSvN7Y9qEG9oQU1E) + +[https://cardanoscan.io/address/DdzFFzCqrht3NbxHh4HbCiFWKwASqERy5DNZiHEewFdoNNxBkYUmg1VkfyDJJUjJcon3y5wCPatgti3AjgyKezW1EoEacJtbQvvbs1Wq](https://cardanoscan.io/address/DdzFFzCqrht3NbxHh4HbCiFWKwASqERy5DNZiHEewFdoNNxBkYUmg1VkfyDJJUjJcon3y5wCPatgti3AjgyKezW1EoEacJtbQvvbs1Wq) + +[https://cardanoscan.io/address/Ae2tdPwUPEZ6xYrxCgRDM2NQFM5oajHEoJN3i9ZVV2AbsbvxoJBjVu3yP7W](https://cardanoscan.io/address/Ae2tdPwUPEZ6xYrxCgRDM2NQFM5oajHEoJN3i9ZVV2AbsbvxoJBjVu3yP7W) + +The volume from Tf4YT to oQU1E would be 241M. The volume from oQU1E to bs1Wq would be 25M. + +&#x200B; + +&#x200B; + +TLDR: Don't try to hard to make some transaction history a proof of something that is not. + +Guy had too much time and wanted CH to be a bad guy. + +Don't upvote this post too much, because the whole trilogy is a waste of crypto jurnalism. If you have time tho, go to the 2nd part and downvote the moonfarmer. Fake proof should not deserve moons IMO. +1. All credit goes to [Tom Nash](https://www.youtube.com/channel/UCJwKCyEIFHwUOPQQ-4kC1Zw) promoting this in his [video](https://www.youtube.com/watch?v=dvqRKVTjbHc). +2. If this has been covert before I'm sorry - I was trying to find if anyone has posted this before, but I simply couldn't find it. + +Hey everyone, + +so I stumbled over the above video where Tom Nash goes through a lawsuit that was filed against Apex Clearing Corporation in which Brokers (like WeBull) accuse Apex of forcing them to restrict buy orders for their customers due to lack of resources. However, Apex had the sufficient resources to meet collateral requirements set by the NSCC as per investigations from the lawsuit. + +So when most people got mad at their brokers for not accepting buy orders but selling, this was most likely not the brokers decision. + +This means, that removing buy options for customers over these brokers connected to Apex was most likely in Apex self-interest and that clearing houses like them actually play a bigger role in the manipulation than the brokers themselves. + +So basically they wanted to save money by manipulating the market through brokers and their customers. It is just adding to the overall picture we are seeing over the last months on how greedy this whole garbage system is and how blatantly illegal they all act. + +This is probably of little use for the weeks and months to come but maybe some of you find it informing. + +Also: Hedgies R fuk - have a good weekend everyone. Tits jacked and buckle up! + +**TL; DR:** Read the title and watch the video. +*Please read my edit after reading the main post* + + +As many other people said, anyone who thought Bitcoin would be allowed in China in the first place was kidding themselves. But this post isn't to bash anyone, rather it is an explanation of where BTC value is going based on my educated guess. Firstly, to understand, China is one of the most restrictive countries in the world. It is governed under a dictatorship, the government is not elected. In China, facebook, google+, youtube, are all [banned](http://en.wikipedia.org/wiki/List_of_websites_blocked_in_China). The [Chinese Government purposely devalues their currency](http://www.nytimes.com/2012/06/01/business/global/china-lets-its-currency-slip-raising-trade-tension.html?_r=0) to stay competitive in export. Devaluing currency has a positive effect on export for China, but makes import into the country extremely expensive, in which case for the Chinese, buying a laptop/clothes/shoes/anything can be very costly compared to here in the US (which many westerners may be surprised to hear). Bitcoin allows a way around that; however, since it can circumvent government control, it is a huge threat to the Chinese economy in the government's view. Given the restrictiveness of the Chinese government, of course they will not allow a cryptocurrency that has the potential to circumvent government control. If Bitcoin became mainstream in China, it would erode the ability of the government to devalue their currency and stay competitive in export. + + +*Why the bubble and why bitcoin will be lower than what it was before China entered the game?* + +China significantly dominated the bitcoin market in [trading volume vs other currencies, including USD](http://bitcoincharts.com/markets/). Moreover, a significant amount of bitcoins were mined in China. In fact, in China one of the world's [largest bitcoin miners was created](http://money.cnn.com/gallery/technology/2013/12/17/bitcoin-mine/). The Chinese created server farm after server farm minting new coins 24/7 with each new block released (1 block released every 10 minutes, 25 coins per block). Even so, with so many people in China buying into BTC in such a short period of time, supply did not keep up with demand, and the value of BTC sky rocketed. Although China had a huge mining group, taking significant amount of coin with each block released, most were not selling but rather holding, and again, demand even with the Chinese miners could not keep up - hence huge spike in BTC value. If all of these new entrants were to sell at once, it would quickly run the value back down - which is what happened next. + +Now, the reason you see the market going down is obvious to many. The Chinese government has not yet flat out banned Bitcoins but they have essentially made it clear that they are going to [make it nearly impossible for anyone in China to buy/sell coins](http://www.bloomberg.com/news/2013-12-17/china-bans-payment-companies-from-clearing-bitcoin-news-says.html). The reason they haven't flat out banned it may be due to worry about political fall out. Nonetheless, as stated earlier, the country is governed by an extremely controlling dictatorship and takes significant amount of steps to control the economy. As a result, all BTC users in China are now essentially selling their coins while they still can. + +To get an idea of where BTC is now heading, rewind the clock several months before China entered. All those in China who bought BTC are now selling, so with them on their way out you might think that would bring us back to just prior to their entry. I believe that there is the potential for the value to drop even lower for the following reasons. Firstly, the Chinese had more coin trade volume than any other country in the world; when they all sell at once, it hits the BTC market hard and significantly devalues the currency, thus why you saw the drop off - there is suddenly an over supply of coins and significantly reduced demand. Secondly, although not as significant, additional value will be lost due to all the new minted coins mined by Chinese pools now being sold, there are now more coins and less buyers available, so we have a surplus in coins without buyers when just days ago there was a significantly larger buying pool based in China that has now nearly disappeared completely. Although there is a set limit of 25 coins minted every 10 minutes, at the same time, it is safe to say China took a lot of these coins with their server farms are are now selling them back. Thirdly, given the high value of the coin just weeks ago, many other people who either mined or bought coins when it was cheaper will be taking this opportunity to cash out now that they see the market is diving. This could be due to the holiday season coming up and using the money, it could be people buying low and selling high, it could simply be miners ready to cash out, but anyone who wanted to make money that had coins from when their value was cheaper is likely selling - at least in some degree, while the value is still high. Evidence of this again is in trade volume and sell orders occurring at the time of this post. + +Now people are pointing fingers at pump and dump players, and yes they have some responsibility for destroying this reddit community, but ultimately, who is to blame for this? First understand that China is not a free country, however, the people desperately crave to rid themselves from the oppression and control of their government. Bitcoin was a jewel in front of them, it was all the gold in the cave of Alladin's lamp just before the cave comes crumbling down. In other words, it was a glimmering hope that there might be a way around government control of their money. It offered a way for them to circumvent a truly unfair system of economic governance. In the US, you are upset if your taxes are too high, but imagine if your currency is purposely devalued and instead of paying $30 for a shirt while being paid pennies, instead it cost several times more. The Chinese saw BTC as a glimmer of hope and jumped on board; few considered the consequences. Everyone saw the value rise and no one thought why? For a month and a half people forgot how oppressive the Chinese dictatorship was, but the dictators didn't. If you think BTC will last in any country, look at how controlling the government is in the economic sector, this will show you the realities of where BTC will and will not be allowed. + + +**Edit Dec 19, 1:45am EST- Additional comments about what I previously wrote above:** + +Looks like this article on [Business Insider](http://www.businessinsider.com/china-bitcoin-crackdown-btc-china-2013-12) either read my post and went further in explanation with the idea or thought similar to my line of thinking regarding Chinese control of currency. + +After reading comments and thinking more about this, I tend to agree that I did not fully account for the remainder of the world also buying into BTC. While I did say there is the potential for the value of BTC to drop further than what it was months ago, and only time can tell at this point, the drop may not be as large insofar that although China's bitcoin share grew significantly, so too it grew around the rest of the globe. While a large portion of Chinese sell their coin due to government clamp down, not everyone will be doing so. Moreover, while China seems to be out in the BTC market right now, the rest of the world will continue on and hopefully we will see more positive news in the future. This will only happen though as long as there is a steady demand for BTC. + +It's a shame, China was likely one of the biggest countries in need of something like BTC so Chinese could move their money around without govt interference, hence it becoming so hot there before the government pretty much caught on and spoiled all the fun. + +In theory, BTC value would always rise in the long run as it has a limited quantity, again, as long as there was demand for it. So long as people breed and population increases, if BTC became main stream, there would always be less and less bitcoins to go around since it has a fixed amount of 21 million coins when there are no more blocks released. There will always be more and more people (again assuming bitcoin became mainstream), so as more people use bitcoin, there are less to go around, as a result increasing value as supply dwindles. + +The best way to get it main stream is for the exchanges to stop with transaction fee's, infrastructure set up to easily convert fiat to BTC, stop pump and dump schemes and stabilize the market value. No large business will use BTC as a payment source when a customer could have enough coins to buy a bottle of water, waits in line, by the time he gets to check out he only has enough for half a bottle. By the time he gets to his car, he can now afford two bottles, and by the time he gets home he's back to only affording one bottle because the value has gone up and down so many times in such a short period. + +---- + +Please note the above is my assumption. Please do not make financial decisions based on this. Before you make any financial decisions, it is always best to do your own research first. +^(Some of this data is from bitcointalk, I'll attribute the authors as I go) + +###TL;DR: +* A possible explanation for the high "luck" factor from GHash.IO is that the operators control miners in other pools; Their software ~~sends solved blocks back to their pool~~ hops pools back to ghash.io as needed. (*They make their own luck* ... [More on luck here](http://2.bp.blogspot.com/-sHrCw-OdiPs/U4sd3I77oJI/AAAAAAAAALw/Un4QMPJaKgo/s1600/0.table3.01062014.png)) +* There are many implications: GHash.IO could secretly have >51% of all processing power and target certain transactions for double spends without causing apparent/widespread negative effects. +* There is evidence (see below) that operators or miners using GHash.IO tested this on a small scale last September + + +###Put on your thinking cap: + + +#https://en.bitcoin.it/wiki/Getblocktemplate + +> "getblocktemplate moves block creation to the miner, while giving pools a way to set down the rules for participation. While pools can do just as much as they could before by expressing it in these rules, miners can not be kept in the dark and are enabled to freely choose what they participate in mining. This improves the security of the Bitcoin network by making blocks decentralized again." + + + +A risk that is difficult to assess is whether the large mining pools validate coinbase tx content included by miners in their pool. + + +(To test, you **"just"** need to be the member of a pool who successfully solves a block; and also write a custom miner to include a specific coinbase tx that the pool did not ask you to provide. (Credit to [bee7 here](https://bitcointalk.org/index.php?topic=327767.msg4672567#msg4672567) for this idea). + +It's possible that the GHash.IO operators control (or are colluding with) a significant portion of the mining capacity of Elgius and Slush *(I picked those two pools because of their abysmal orphan (luck) rate)*; This hypothesis is supported by the data in this post. + +There are, of course, other very reasonable explanations for the "luck variance" observation: + +* Inefficient pool software choosing which coinbase txns to include in the next block +* Mining optimization that is not yet common knowledge (to Elgius and Slush anyway) + +...but there is also additional circumstantial evidence that GHash.IO have bad actors: + +* Not closing registration as their pool is approaching a (visible) 51% +* Not charging fees to incentivize more pool diversity + + + + +#Credit to [mmitech for this next bit of research:](https://bitcointalk.org/index.php?topic=327767.0) + + +> In September I witnessed a lot of double-spending against BetCoin Dice. It happened between 25th and 27th Sept. +> +> +> The mechanism was simple: send betcoin a tx with 0 fee, then wait for a result tx, if your bet is a win, then confirm your tx, otherwise double-spend it. +> +> +> 1. Here I'll give you a bunch of transactions which you can examine. Note this is a chain of transactions, so just click on outputs to see. +> https://blockchain.info/tx/4d731074447f02609c3110a187f9c6976f2bf255288ec5666ee270f09679619d +> https://blockchain.info/tx/e0b44f68441ea0bad0f7694f735f496ce05238862534c6fea737b8903921185a +> The double-spending of losing bets was performed by someone mining to https://blockchain.info/address/1MA7CKbWMyKdPkmsbnwmfeLh1hYy5A3gy8 , you can check it yourself. +> +> +> 2. I tracked coins down to the origin +> https://blockchain.info/tx/154ecb1eb72c933bc0707fa70deceb688361554ab81b901673d308aa84d9cfe9 +> The most interesting address here is 12PcHjajFJmDqz28yv4PEvBF4aJiFMuTFD +> It's been involved in similar actions, look at this chain of win-only tx's +> https://blockchain.info/tx/0c1a08d035862b01d075e8044b1e9ce52a8ad951b57d876a2a9a0e3502c41eb0 +> And the most interesting fact is that these zero-fee tx's inbetween winning ones were mined by ghash.io exclusively. Possibly this was a test attack. +> +> +> 3. Going further, I found the address the earnings from attack were sent to: 12e8322A9YqPbGBzFU6zXqn7KuBEHrpAAv +> https://blockchain.info/tx/292e7354fbca1847f0cbdc87a7d62bc37e58e8b6fa773ef4846b959f28c42910 +> And then part of these funds (125 BTC) was sent to ghash.io's mining address: +> https://blockchain.info/tx/48168cf655d0ac0c7c2733288ca72e69ecd515a9a0ab2821087eb33deb7c6962 +> +> +> 4. Furthermore, I checked the funds mined to 1MA7CKbWMyKdPkmsbnwmfeLh1hYy5A3gy8 +> In these 2 succeeding tx's they were moved to 199kVcHrLdouz9k9iW3jh1kpL7j9nLg7pn +> https://blockchain.info/tx/e567ad6232de5285e0dc211d3f1c489b1e00e509118ba98a4825529d0a9197d9 +> https://blockchain.info/tx/faa7bc8b99376efa774045e79b42771fe668341b00290a61cd416992571c590d +> +> +> This address is interesting, because it contains 6000 BTC and ~30% of funds come from ghash.io mining address. +> https://blockchain.info/taint/199kVcHrLdouz9k9iW3jh1kpL7j9nLg7pn +> +> +> 5. And the last thing to spot: +> GHash.io, being about 25% of network back then, didn't find a single block to its address between 25th and 27th of september! https://blockchain.info/address/1CjPR7Z5ZSyWk6WtXvSFgkptmpoi4UM9BC?offset=1350&filter=2 + + + +**Ok smarties: Any other thoughts/theories/criticisms to these hypotheses? Post below if you're considering changing pools now.** + + +*2014-Jun-03 11:18PM PDT edit: Fixed formatting issues* + +*2014-Jun-03 11:25PM PDT edit: Clarified negative effect in TL;DR* + +*2014-Jun-04 01:40PM PDT edit: Clarified point about pool hopping* +I have 10 shares of MSFT that I paid 190 for. Everyone has said to hold and I’m just watching it do nothing for several months while other stocks blow up. + +Thinking of selling and splitting between ARKK and ICLN. + +What are people’s feelings on MSFT long term? Bail and reinvest or hold indefinitely? + +Edit: Thanks for the input everyone :) I'm deciding to hold MSFT indefinitely. +How would you prevent spoiling and teach your kids the value of a dollar and working/saving rather than spoon feeding them their life? Does it come down to discipline from you and SO, would you instill chores and require your kids to eventually get jobs in their teenage years to better pay for things and teach them proper finance? +please help me understand, why are we having a housing shortage post covid? + +did the population exploded or housing supply collapsed? I understand there are delays with new housing coming online, is this the cause? +During the RBA press conference, I heard Philip Lowe say that they're looking to "normalise" the cash rate in coming months / years. When pressed as to what that looks like, he said "a cash rate of 2.5% would be considered normal however we may not actually get there as it will greatly depend on global events". + +It's interesting that the 'normalisation' will still be considerably low from a historical sense. + +*I know the market is pricing in 3.5% by the end of 2022 so I'll save some the necessity of reminding us. +Let me know if there are any other trading platforms guilty of this action OR if I get any of this information wrong. I BELIEVE IN $GME! + +Mods, if I'm not helping, please remove this post. I want all of us to flourish in these crazy times and I hope this information helps. + + +EDIT: + +•TradeRepublic platform is also down according to one user. + +•E*TRADE is NOW ALLOWING $GME TRADES ACCORDING to another user. + +•Fidelity appears to be allowing whole (but not fractional) trades with $GME, etc. + +•WeBull is NOT allowing $GME and $AMC purchases + +•Ally Invest restricting $AMC trades + +•Tastyworks is also GUILTY according to one user + +•Apex Holdings apparently placed a $GME band on STASH app + +•Tastyworks and Etoro have disabled trading on some stocks + +•TD Ameritrade is POSSIBLY RESTRICTING $GME and more share buys--need more confirmation from others + +•According to one user, "interactive brokers" are also blocking buying shares unless you shorted before + +•Hellostake.com $GME failing to execute. No official block on GME, but beware + +•Etoro is “close only” for certain stocks + +•Stake is "fucked" according to one user + +•Apparently FreeTrade works + +•CashApp: GME, BB and Naked are gone. AMC and NOK still up. + +•Schwab: GME, BB, AMC, NOK and Naked blocked from buys. + + +Edit 2: +Please DM me updates as some comments are not showing up on this thread for me. That way I can do a better job with all these changes. + +Edit 3: +For those asking "what should I use?" Fidelity has been consistent for today, but always use caution during these times. I only have experience with Robinhood and Fidelity, so any recommendation on my end should be taken with a grain of salt. + +Edit 4: I STILL BELIEVE IN $GME. + +EDIT 5: HOLD THE LINE!!! + +EDIT 6 (FINAL EDIT): Below is a post that's 1000x better than mine. Go to this one. Thank you all for the information. Good luck, and don't forget, HOLD. + https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/?utm_medium=android_app&utm_source=share +Seriously though - Apparently this was caused by a Jeffries analyst suggesting that a used car dealer like CarMax or AutoNation might be interested in buying some of Hertz's used vehicles -- **not the bankrupt company.** + +Anyone hear differently why this stock is mooning? +My grandfather died back in April, leaving a \~£50k of equity release debt against his house (on a £11k loan, seriously kids, don't get into that racket). My parents are now having to deal with the fallout of this, which means selling the house. Before they can sell the house, they're having to clear it out carefully, to avoid throwing the heirlooms out with the bathwater - my grandfather suffered from dementia whilst living in the house, so consequently, large sums of cash, important documents and a couple of World War I medals have been recovered from boxes of rubbish that would have otherwise been thrown out. It's painstaking work that renders a house clearance service a non-starter. + +My parents have pulled the money together to pay off half of the debt - yet when my mum called up the company (I'm not sure if I'm allowed to name and shame, as much as I'd like to as they've been obstructionist at every step of the way) to acquire the details, they asked if the house was on the market. My mum responded, saying about the way that WWI medals have been found, and how my parents don't wish to put the house on the market whilst still being cleared. The company have therefore decided to put the house into default, as it's not in a state to be immediately resold. + +Other than lawyering the hell up, what recourse do my parents have. This seems, at best, an incredibly shady practice to avoid having half of the debts paid off (as they're currently accruing \~£80 a week interest), or at worst, an attempt to grab the house. +GME Short Squeeze What Comes Next Part 3 + +Hello all, + +Before I begin I would like to address something I have been encountering on my posts in the comments section. I keep receiving some hate concerning my opinions and I want to be crystal clear that they are just that; opinions. I also want everyone to know that is is meant to be a dialog. I am not trying to pump this stock because truthfully, this goes far beyond us retail investors at this point. What I want is a dialog between all sides to examine this truly fascinating phenomenon that is occurring. + +I would also like to clarify something, I am not a bagholder. I do currently hold bags because I own 336 shares at a $194.34 cost basis, however, that total amount is house money that was used from my profits on the first go around. + +I also understand some people are tired of hearing about this because it's the same regurgitated form of someone else's post as it keeps circulating in an attempt to retain hype and drive future buying; this is not what this post is about. As investors and individuals involved in the world of finance, this situation should absolutely intrigue us whether or not we are involved. I am here to present my logic on the situation but encourage healthy discussion and debate. + +This brings me to my first claim. This is **not** over. Now, I am not claiming that a squeeze will still occur, I am simply claiming it is not over, for better or for worse. Several things need to take place for this to be completely over, at which point I will either post my gains or my losses from the adventure. + +When I say "it" I am referring to this entire phenomenon, not one short squeeze. I do not think these events, "it", is over. This is largely due to retail and institutional purchasing not really changing all that much since we found the bottom and established support at a staggering $60. This support was lost today and found new support at $50. There was very interesting ATH action and I'm not sure what to make of it. + +Millions of bag holders (not just WSB) are still holding and in fact, averaging down, thereby purchasing more. These same bag holders are absolutely refusing to sell for such massive losses and in turn are becoming long term investors on the stock if another squeeze isn't to occur. People are picking up speculative positions in the off-chance of another squeeze. Others are determining this as a fair value for the company, not fundamentally, but based on the future prospects of Ryan Cohen and team. Finally, it is nowhere near leaving the global stage with important upcoming dates that we will discuss later. + +To examine why it isn't over let's look at both sides of the argument: + +1. Bulls claim it's not over for many reasons that you can find in the hundreds of other bullish posts, so I won't bore you with those details. My argument on the bull side is more along the lines of what I listed above. +2. Bears claim it *is* over because there was a 2250% price increase over the course of two weeks, therefore this must be a short squeeze. + +I think we can all agree, bear or bull, that *something* happened. A 2250% increase certainly isn't nothing. The question is...what? I see several possibilities and would like to discuss them in the comments. + +1. The shorts in fact covered and this was a short squeeze. +2. The shorts partially covered and this was a partial short squeeze, but the price increase was mainly hype and gamma squeezes. +3. The shorts didn't cover anything and this was a globally hyped price increase in conjunction with several gamma squeezes. +4. Some combination of the above 3. + +**First, the data:** + +Based on [morningstar](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P000002CH) the short interest is showing 78.46%. Now, I think the website is having some issues storing cookies because it will show the outdated 226% unless you open it up in incognito. + +[Market watch](https://www.marketwatch.com/investing/stock/gme) is showing 41.95% + +This spread is interesting for sure, my thoughts are some of these calculations are including "synthetic longs" introduced by S3. + +It is extremely possible to manipulate these numbers via illegal methods and even legal methods using options. [Please see this SEC document to explain how this would work.](https://www.sec.gov/comments/s7-08-08/s70808-318.pdf) I am not trying to convince anyone to fit my narrative, but these things occur far more commonly than one would expect. The reasoning is because the fines for committing the crime are far less costly than letting the event take place. Please see [FINRA's website](https://www.finra.org/media-center/newsreleases) for the long, and frequent list of fines being dealt out due to manipulation. A common culprit? Lying about short volume. + +Let's use the absolute worst case scenario being reported of 41.95%, which mind you is still extremely high for one stock: + +**The shorts in fact covered and this was a short squeeze** + +What's interesting here is even if the shorts 100% covered all of their positions, they very well could have shorted on the way back down. Why wouldn't you? It would be insane to not open a short position when this hit nearly $500 especially if you lost half of your companies money; what better way to get it back? For the remainder of this thesis, I will be assuming that some of the short positions that exist are newly opened positions at a higher price unless someone has a counter-claim as to why that wouldn't be possible/probable. + +That would mean 226% was covered on the way up and another 41.95% was reopened on the way back down. Based on the volume and price changes throughout the past two weeks this simply doesn't pass the math check. + +**The shorts partially covered and this was a partial short squeeze.** + +Again, using 41.95% this is highly likely and the most reasonable case. Some, probably the worst positions, were covered on the way up. + +I think this is precisely what happened, we had some partial shorts covering but for the most part it was gamma squeezes, hype, and FOMO whereby the price started climbing so rapidly it became smarter for the shorts to just wait out the bubble than to actually cover all of their positions. + +Again, we fall into a "what-if" scenario regarding shorting on the way back down. + +**The shorts didn't cover anything and this was a globally hyped price increase in conjunction with several gamma squeezes.** + +This scenario does not pass the math check using the 41.95% figure. + +If the data is being manipulated then this becomes very interesting because if some of the worst positions are still open then that means all of these HF's losses that were reported were strictly interest and they are simply waiting this out for as long as it takes making back their losses on their newly opened short positions in t $300-$400 range. + +Sadly, this puts us in the guessing range yet again. We can do the math and see it's possible this scenario exists, however, we would be comparing it against losses reported by the entities that were being squeezed. + +There are way to many what-if's for me to me consider this a possibility, but I can't write it off completely. + +**Some combination of the above 3.** + +Truthfully, this isn't worth examining just yet. There would be far to many "what-if's" to address, this is something that could be address at the later dates that we will get to shortly. + +Now, I've heard it a lot regarding the 02/09 data. "It's two weeks old". Well, that is always the case. The FINRA short data is always two weeks old and suggesting that we can't pull any information from it at all is asinine. Where it gets quite murky, is the data includes 01/27 information. This was a day unlike any other in this saga. + +I will take this moment to address the following upcoming catalysts and when I truly think this will be done; one way or the other. + +Today's data 02/09, was very important because if it showed an extremely low percentage then we know shorts have exited and did not re-enter and this is completely done. Given the data does not reflect that, we now must turn to several events that could act as catalysts for either a further squeeze or a complete shutdown. + +**02/19 -** In [my last post](https://www.reddit.com/r/stocks/comments/lbuhp0/gme_short_squeeze_what_comes_next_part_2/?utm_source=share&utm_medium=web2x&context=3), I discussed the Failure To Deliver (FTD) conundrum. I do need some help figuring out the exact expiration date. From [here](https://financialreview.poole.ncsu.edu/wp-content/uploads/2015/07/Fails-to-deliver_before_and_after_the_implementation_of_Rule_203_and_Rule_204.pdf) "The close-out requirement states that a participant of a clearing agency needs to take immediate action to close 4 out a fail to deliver position in a threshold security that has persisted for 13 consecutive settlement days by purchasing securities of like kind and quantity." + +The exact date is slightly irrelevant because I highly doubt all of these FTD's are going to deliver on the same exact day. [This site](https://wherearetheshares.com/), while it isn't an official channel seems to be doing a good job of tracking data. If you want to learn more about FTD's and the implications there please visit that site or review my last post which has links to follow for further reading. + +**02/18 -** Keith Gill aka u/DeepFuckingValue will testify before congress and RH CEO Vladimir will be attending. This can go several ways which can lead to an SEC trading halt on GameStop or with evidence that proves foul play occurred. Who knows? It will certainly be interesting and I don't even to speculate on the market reaction to this even because it could go a ton of different ways; it will be an important date nonetheless + +**02/24 -** The next FINRA short interest information will be made readily available to the public. This will be far more interesting and helpful information because it won't include the insane volatility of January, but it will also highlight the newest short positions. This data will help further drive where I think this is all going to end. It's possible that shorts opened new positions at $50 thinking it was going back to $12. Let's not speculate too much here either, it's just another dataset that will bring light to the direction this is headed. + +**03/25 -** GameStop ER. This is big too for several reasons. First, this will include the console sales cycle which historically has done well for GameStop. A typical buy the hype, sell the news event. It will be interesting to see how the market reacts leading up to this ER, maybe people won't even touch GME leading up to then due to the recent volatility, but if they do, and if there is still a lot of short interest, this too could force shorts to begin covering. Another critical part of this ER is Ryan Cohen. This will be the first time this new board addresses the public with their plans for the future and for the first time since this entire adventure began, the "dying brick and mortar" narrative will finally begin to change in the public eye. That is still the common misconception regarding GameStop, that it is a dying brick and mortar retailer where nothing has changed. This hasn't been the case for around 6 months now, but this will be the first time it is publicly address. The headlines surrounding GameStop's future plans will be very interesting to read and the markets reaction will be far more interesting. + +I have been asked a lot what my PT is and when I expect the squeeze to happen, but let me be clear. Very seldom do squeezes "just happen". In fact, short squeezes are far more common than one would think, they just typically happen over months, if not years and the shorts cover on dips so you don't even notice it's happening. In order to force a squeeze, you need to hold a decent amount of shorts underwater. Soon one will crack and start closing their position, this leads to a series of shorts closing their positions skyrocketing the price until more and more shorts need to cover. This is **rare.** + +I hope this narrative of purchasing heavily shorted companies comes to a close soon because a lot of people are going to lose a lot of money simply buying up companies because they are heavily bet against. Catalysts and massive changes need to occur like overhauling your entire business as is the case with GameStop. + +Normally, shorts will close their positions one at a time, covering on dips and you don't even notice it's happening. In times where you see a price rise of seemingly no news could very well be shorts closing their positions because their research led them to realize this company is on the road to recovery. + +I digress. Given the most recent data and the multiple upcoming catalysts I am still very bullish on a GME short squeeze. My [post](https://www.reddit.com/r/stocks/comments/k3p4bc/when_will_the_gme_squeeze_happen_answers_here/?utm_source=share&utm_medium=web2x&context=3) from quite some time ago illustrated the importance of catalysts regarding a short squeeze, this is still very much the case. The first run was interrupted and the second run won't happen with magic, it requires a catalyst. Another post was titled [For those who do not understand the inevitable GME short squeeze](https://www.reddit.com/r/stocks/comments/k688qv/for_those_who_dont_understand_the_inevitable/?utm_source=share&utm_medium=web2x&context=3), was at the time "inevitable" because math. That is no longer the case. It is no longer inevitable but it is still possible. + +I want to be clear: This is not nearly as close to a sure thing as it once was and it depends on a lot of different factors. One of the largest is the people. Granted, a lot of what's happening now is in the hands of institutions but millions of retailers holding their positions to the grave certainly helps the institutional buyers have more faith in their play to continue a squeeze. + +**SO WHAT DO I THINK** + +I think shorts certainly covered some of their positions, but not all. I also firmly believe a significant amount of short positions were opened on the way back down by both HF's and individuals. Some certainly positioned high, but based on sentiment, it appears a lot of people think GME is fairly valued around $20 (which I disagree with but let's use that for the time being). That would mean shorts would have no problem opening positions at 100,70,60, even $50. + +42% is *still* very high which means a squeeze is inevitable so long as the company continues in a positive path. However, squeezes typically aren't as abrupt as people think. They are actually quite common, in fact another position I'm heavily invested in is SPCE and they have been going through a squeeze for several weeks and will continue to squeeze so long as news continues to be positive. + +How would we get an abrupt short squeeze? A massive bull run. The new shorts that entered at lower levels wouldn't be too hard to catch, however, they are probably low volume, so when they buy to close, it won't be large enough volumes for massive peaks, but a bull run very well could lead to these lower tiered shorts closing, triggering a gamma squeeze. If gamma squeezes are made week over week then shorts at the higher end would have two options: + +1. Close early and take profits +2. Wait it out because they are positioned so well that interest means nothing and they don't think there is any hope of us rising to those levels. + +In the first case, them closing early would be a nice short squeeze to probably several hundred dollars, but it wouldn't break $1000. + +To break $1000 we would need a big bull run to catch the shorts, trigger gamma squeezes, and keep momentum until they are caught and underwater. This is highly unlikely unless there is another global sentiment. + +**NOTE:** ALL OF THESE ASSUMPTIONS I AM MAKING ARE BASED ON THE 42% REPORTING. IF IT IS IN FACT 78% THEN THE POSSIBILITY IS TREMENDOUSLY INCREASED FOR THESE THINGS TO HAPPEN. + +**SO WHEN DOES IT ALL END** + +My though is if by the end of March these catalysts were not enough to reignite the hype and squeeze, then it will essentially be over except in the case of a few circumstances: + +1. A VW/Porche moment occurs where a large buyer picks up a large portion of the company. +2. Some other currently unknown catalyst appears seemingly out of thin air +3. The data was in fact manipulated. Regardless of what the data says, if the shorts did in fact lie about their short int to take the fine over being squeezed, then they will be squeezed regardless. + +It is quite possible, that these catalysts and moments aren't enough to force a squeeze anymore especially if the shorts have repositioned really well. I will retain the mindset that this fateful January 2021 was **not a short squeeze.** However, that does not mean it will ever actually happen. + +**SO WHAT IS YOUR PLAY HOOMAN?** + +Well, I am long on GME which is why I didn't mind hopping back in even at outrageous prices. I will continue averaging down and don't plan on selling for quite some time, probably several years. The reason for this is I believe in Cohen and his team to turn this into something unexpected and I imagine an eventual ROI. Once this is all said and done and I think either the shorts truly have covered or they simply got away with it (Beginning of April), I will be posting my DD for GME as a long play regardless of the squeeze mechanics. + +Thank you all for joining me on this wild journey. I hope we can discuss some of these points in the comments like adults and truly try to grasp this wild situation we are all in. There are extremes on both sides from "get over it, the squeeze happened" to a cult like mentality on the other extreme. I hope through discussion we can find the moderate approach and further understand the market mechanics at play. + +Thanks for your time + +**WARNING: Until the squeeze business is over for good, this is a very volatile and risky play. Joining now for the hope of a potential round 2 squeeze should only be done in a speculative manner with money you are willing to lose. This is more akin to a gamble than it is investing. I think the current market price is fair given the future prospects of the company but do your own DD, I will not be releasing any until this squeeze is put to rest.** + +**TL;DR**: I am still bullish on this scenario even at 42%, if it really is 78% then I am extremely bullish. There are a plethora of upcoming catalysts that could reignite the squeeze but even if none are powerful enough, with Cohen's new direction we could expect good news for quite some time forcing shorts to exit on a more spread out timeline. + +*Disclaimer: I am not a financial advisor. I do not wish to sway your opinion in either direction. I simply seek to examine this interesting and volatile situation via crowd sourcing. What you do with your money is entirely up to you.* +This is my first time posting here and I'm trying to learn how to handle my finances better, so I apologize if I'm asking dumb questions, but I just don't know what to do in this situation. + +I recently ran a credit check on myself for the first time ever and my heart nearly stopped when I saw that there was almost 10k in credit card debt attached to my name. I found out that it is one of my mother's retail credit cards that she for some reason added my name to. I'm assuming she did this when I was a child since my mother and I have no relationship and haven't spoken in years. Because I'm embarrassingly ignorant about these things, I'm wondering if this has hurt or helped my credit. According to the credit website my mother has never missed a payment and has been steadily paying down her debt for several years. Does it hurt my credit to have so much debt, or does it help my credit because the payments have always been made on time? Since I am not the primary cardholder could I ever be liable to pay back the debt? Thanks in advance for any advice. +Article from WSJ today. I think it maybe relevant to the FIRE crowd. I have always thought that the amount we will spend in retirements about the same or more than now. So I try to target a number that is double the minimum amount. + +[How much money will you really spend in retirement? Probably a lot more than you think. ](https://www.wsj.com/articles/how-much-money-will-you-really-spend-in-retirement-probably-a-lot-more-than-you-think-1536026820?emailToken=1d63286f7c5a44f054815619e5edbeb8LXZRKg141lXNPuT6i50/xDSXA4Uc+zsWWUTHtseSBCa4ltly3kHpIWw83mbmic9DsrdLwlv/HDKcM0BoNY5PgXSsSIT4Vh2PL3Wa6k/WDexYRJ7ipQBd0Jlbo3v9W3C9gx0qJTe09nKOheeh0nGCT12OnpZrgP32qwNM/MArhz0%3D&reflink=article_copyURL_share) + +Edit: I didn’t open the spreadsheet before I posted the article and I didn’t realize that it was above the actual income. What I did find interesting about the article and somethings I’ve always wondered about is that spending in retirement might be higher than what I spend now (less child care and savings). Sure I may not have a mortgage (but I might) and I might not be paying for childcare, but it’s really hard to account for health care. I feel like in the future it will be about the same as mortgage or child care. We don’t eat out much and my cooking is pretty much on the low end, so it would be hard for that to go down. It can only go up because of less free food/coffee at work. + +Honestly, the closest example I can think of to this is I thought I would save $2000/mo on child care when my kids are out of daycare and in school, but when I did the math, it was closer to $1000 once I factor in before and after care as well as summer care. Less than $2000, but not zero, actually quite substantial. + +I’m not entirely sure how they arrived at those numbers, most of them are on the higher end, however there maybe little luxuries in all of our lives we don’t account. Cars for example, the average cost of ownership is $725/mo based on AAA, and extra $200/mo will get you a slightly higher model than national average if you factor in higher depreciation, higher maintenance cost, insurance and lower fuel economy. Perhaps not everyone pays that much monthly for their cars, but it’s not a crazy, out of this world number. +#Strategic change due to current bleeding + + + +Today sensex and nifty bled almost all of its 5 months of gain + +There were barely any stocks that could tank this bleed + +What is your opinion on the current bleed, should a person exit stocks at current price and then buy back in a few day to book profits? + +Shouldn't one pump money over a span of a couple of days or weeks, everytime the market bleeds and in a course of 12-120 months it gives great profit. (Do not have the table, saw it somewhere) + +My current strategy is to pump money after 3rd march, on 2nd march I'll be selling my shares to book profits.(if bleed continues) + +If it doesn't bleed at opening then I'll pump of 2nd March. (Seems unlikely) + + +Any tweaks are welcomed. + +After every downfall there is a greater gain. + +Gold seems to gain huge in coming months. + +^^^^^^^^I ^^^^^^^^am ^^^^^^^^kinda ^^^^^^^^newbie ^^^^^^^^so ^^^^^^^^please ^^^^^^^^bear ^^^^^^^^with ^^^^^^^^it. +Inspired by a post I encountered on FB: + +Do we have first hand accounts of investors who invested during the 1993-94 - 2003-04 period, where they share their experiences and learning about markets, and maybe about life as well? + +We find many accounts of people's experiences of the great crash of 2008, but find very little literature of people's accounts of investment during 'the lost decade'. I think that there is a lot to learn from that period, and would help us a great deal if we have first hand accounts of how people navigated that time. +I just saw The Ken's latest piece but I do not subscribe to The Ken. But it got me wondering. We all talk about investing in index funds. I understand what an index fund is and there is a lot of information about there on these forums and around the net. + +But what does not seem to be discussed is who decides what goes into the index and what weightage it has? What is the process? And how do they account for companies that fail. If I remember right Vakrangee was part of the index a few years back but they crashed and burned. So how are situations like that dealt with? How reliable is the stock selection for stocks in the index? +For people who use credit cards, which are your favourite cards and why? + +I like citi indian oil card as it offers great points on fuel refill. + +Rest all currently are just collecting dust. + +In other forums , I see people talk of using card to great benefit. Are there any blogs etc I can read up on in Indian context? + +current usage + +1. Fuel +2. grocery +3. Amazon or other online platforms +https://www.investing.com/rates-bonds/india-6-month-bond-yield + +Does it mainly have to do with India being a developing country? I get that the bond yields are comparable to other developing countries. The way I understand it, yield rate is directly proportional to the confidence of the government paying back the bond capital. With the Indian government being so stable with BJP in majority in both houses (Soon in Rajyasabha) I'm kind of surprised that the short term bond yields haven't gone down at a much more rapid pace. I see a good investment opportunity and wanted to get the complete picture. + +Am I missing something? Can someone explain why is the government paying high interest rates even for shorter periods? + +Everyone recommends SGB as a gold investment vehicle. + + +But there is something confusing regarding pricing. + + +Today the issue price of SGB is 4210 (i saw it on zerodha) +but SBI Gold ETF (SETFGOLD) is trading somewhere around 3880. + + +What is the reason of this difference? +https://www.valueresearchonline.com/story/h2_storyview.asp?str=35533 + +>Goldman Sachs asks in biotech research report: 'Is curing patients a sustainable business model?'; Goldman Sachs warns biotech clients that curing patients may not be 'sustainable'; Goldman Sachs Says Curing Diseases May Not Be Economically Viable; Financial giant questions if curing diseases is bad for business. + +>Here's what the Wall Street banks' biotech report titled 'The Genome Revolution', shared with its investment clients, said: *'The potential to deliver 'one shot cures' is one of the most attractive aspects of gene therapy, genetically-engineered cell therapy and gene editing. However, such treatments offer a very different outlook with regard to recurring revenue versus chronic therapies. While this proposition carries tremendous value for patients and society, it could represent a challenge for genome medicine developers looking for sustained cash flow.'* + +>The report then goes on to discuss the example of an American company called Gilead Sciences, whose treatment of the deadly disease Hepatitis C has cure rates in excess of 90 per cent. Goldman Sachs points out that Gilead's US revenues hit a high of $12.5 billion in 2015 and have since fallen to less than a third of that. In fact, it points out an even bigger problem with such an effective medicine: ...*the success of its hepatitis C franchise has gradually exhausted the available pool of treatable patients ...In the case of infectious diseases such as hepatitis C, curing existing patients also decreases the number of carriers able to transmit the virus to new patients, thus the incident pool also declines*. + +>**Do you understand the implications? Curing diseases is bad for businesses, and curing infectious diseases is doubly bad because cured patients don't infect others and create more patients.** The implication is clear, and I don't really need to spell it out. + +>There is an inevitable and unavoidable crisis when you combine healthcare with returns-on-investment driven business. A few months ago, when the dengue 'treatment' provided by Fortis Hospital to a child was in the headlines, I had written about this issue. At the time, I'd written that I did not know anyone, literally anyone, who was not of the firm belief that there is a huge moral and ethical crisis in the way private hospitals are run in India. Hospitals are in the business of taking as much money as possible from their customers. That's roughly true of any business. The problem with hospitals is that--unlike other businesses--they get customers who suffer from a severe information disadvantage, are often facing an emergency situation, and are generally not capable--at that point--of going to an alternative, competitive provider. **A hospital customer in India now has more in common with a kidnapped victim than the customer of a business.** + +>This crisis has perpetrated in all aspects of healthcare, even though it's at its most severe in hospitals. So many of us firmly believe that goods and services provided by private enterprises are intrinsically superior and good for the customer. However, it should be clear to anyone thinking independently that this is not true for healthcare. Moreover, investors who are hoping to earn money out of these businesses should do so with the self-awareness that many of these businesses are morally compromised in a very fundamental way. +What is this subs opinion on www.marketsmojo.com + +They seem to be an algorithm based platform started by former co-founders of Moneycontrol. +They analyse each stock +for Quality, Valuation and Financial trend. + +They also have stock portfolio analyser which seems quite good( Website is very slow though). + +https://www.outlookbusiness.com/enterprise/feature/stock-doctors-3485 +Hi, + +Many FMCG companies don't even have a decent ROE/ROCE to justify their high PE ratios, for example: Dabur and HUL. + +Ones which do have a very high ROE/ROCE(Nestle, P&G and Marico), have a very high dividend pay out ratio(close to 100%), which means they are almost distributing their income as dividends and aren't reinvesting much of their income. In that scenario, is a high PE justified? + +Thanks +Hello everyone just want to know how many different stocks/etfs you have in your portfolio. I have made a list I’m trying to make a diversified portfolio from different sectors and it came up to 24 stocks and etfs. Not sure if this is too many stocks to split money between or if I should cut down to concentrate between a select few. + +edit: Thanks for the advice, looked through my list and cut down a lot of tickers that are overlapping in sectors and have low growth potential. Down from 24 to 14, much more manageable than before, think I will stick with this amount for now +Or perhaps better said, are dividends an old man’s game? + +Guys... don’t get me wrong here, I love seeing those dividends come in. I invest in a lot of beauties - SCHD, MAIN, O, etc. With dividends, I am focusing on growing cash flow rather than capital appreciation. I am starting to wonder, however, if this is the best thing to do for my 24 year old self. + +I want to become financially independent by 45. I think there are a lot of people like me out there. + +Would I be better off focus on growth for the next 12 - 18 years, and as I get closer to reaching a million or two, sell my growth investments off to purchase dividend payers? I plan to live off of dividends and real estate in retirement. + +Wouldn’t I probably be able to get a greater cash flow at 45 after selling growth at a profit? Hope my question makes sense. For transparency, I focus on income in my taxable account, and growth in my Roth. +Does anyone else have an internal check-list or methodology to strictly investing in dividend producing stocks? + +For example, I generally use the core satellite approach. 4 etfs and 7 concentrated holdings. Each year I will use my Roth to adjust my concentration and possibly add more individual companies. + +How do you guys balance your allocation and why? + +Do you bother with the broad market funds for diversification, growth and to cover specific sectors or do you fully concentrate on individual holdings? +Retirement age is different for everyone depending on your personal situation. That being said, I assume as you get older you'll want less volatility in your investments. + +For us div investors, as you get older, say over 60, is your plan just withdraw the divs and leave the principal alone, and deal with volatility or move your funds to something less volatile? I know the point is withdraw the divs but as we age it can be harder to deal with a bear market. + +Would love to hear some different perspectives. +Thoughts on BP? + +Cheapest stock price for a while. Recently downsized a significant portion of its oil exploration section with objective to enter green energy market. Still in profit despite oil price slump. Have massive cash reserves. + +Any reason not to invest for long term dividends? + +30 year old with a decent job and not trying to get rich quick. Got stung on GME after a year of smart investing. Lesson learned. +Hey guys, im looking to invest in some Canadian stocks or etf with good dividends. 100% of my portfolio atm are US based. Just wanting to diversify a bit. Any recommendation would be great. +So im investing mainly to live off my dividends later on but definitely way before the age of retirement. Do you guys just consider it as an extra paycheck at the end of the month or what? I think for my personal goal it doesn't make that much sense investing in a ROTH IRA because I have to wait to the age of 65 to touch the money earned in that account. Taxes stress me out so I would love to hear how you all deal with it and how you view the taxes on dividends that you just reinvested. +Why is $VALE not often mentioned, it’s currently at a lower price but holds a 8-10% yield in payouts. I understand there has been controversy in the past and lawsuits, but it’s a fairly consistent stock in an industry that isn’t going away anytime soon. I’ve often carried a few hundred shares and sold CC’s for more income. +Is $GOLD a good buy? Pays a decent dividend and gold is pretty stable. $GOLD is down over 5 years though. Maybe that's because it's so stable if it's down over 1 year it's down iver 5 years. Still about 5% yield on a stable asset seems good to me. Could write some cover calls and generate a little income too since the price doesn't move much. + +Any owners out there? Love some opinions. + +Do you prefer and GOLD ETFs? +I'm retired and rapidly approaching the required minimum distribution date. Does taking dividend payments count toward the minimum distribution requirement? +Hey, deciding to make the plunge and begin investing for long term and dividend growth. + +I’m thinking of an approach alternating between ETF’s and Dividend stocks monthly. Here is what I have come up with... + +ETF: + +VTI - 15% +VXUS - 15% +ARKG - 25% +ARKK - 25% +ICLN / XLU - 20% (unsure which to pick, probably alternate) + +Dividend: + +T - 25% +KL - 15% +NGT - 15% +FSM - 20% +BSO - 5% +AAPL - 20% / MSFT - 20% (may split or alternate depending on performance at time) + +Very new to this, want decent exposure to precious metals and some tech. + +I also have separate funds going into psychedelics for speculative growth. + +Please let me know if this is really bad or not, no hard feelings! +Been mostly spending my time learning about valuing growth companies, and starting to dip my toes in the dividend world this year. This might be a simple question, but I am trying to understand how inflation will affect the value of future dividends received. I understand that cash today, or this quarter is better than cash 5 years from now in a high inflationary environment. However wouldn't that just hurt the value of future dividends? Does that mean I should only pick dividend companies that will raise their dividend every year, to fight that inflation? Or does the "dividend snowball", or reinvesting your dividends mostly counter inflation? Does inflation hurt dividend growth companies more than higher yield dividend payers? + +Any advice or reading materials would be appreciated. Thanks! +A friend of mine works for PNC Bank and a “perk” of working for them is they offer a stock purchase plan at no charge. + +The plan allows my friend to set a percentage of pay aside every paycheck to be used to purchase individual shares of PNC Bank. The advantage is the purchase of the stock is at a 5% discount. + +Seems to me it’s a no brainer because it’s no different than purchasing shares on their own but if they do it this way it’s at 5% discount. + +Wanted to get the community’s opinion. + +Thanks! +What stock would you pick? If you would like to add a comment on why one should be picked over the other I’d like to read + +[View Poll](https://www.reddit.com/poll/q56j4a) +GME is going to get cheaper. This is not a bad thing. + +Resolve may be tested. That’s fine. + +The benefits of a lower GME price is the ability to purchase a greater number of shares and DRS them. + +Every single one of you that has decided to DRS the most possible shares should be absolutely on fire about the prospect of acquiring shares at single digit prices. + +Personally, I look forward to this situation and will be patiently waiting for the opportunity of a lifetime to come to me. + +Stop checking the price constantly until a real discount appears. I promise we won’t be the only ones taking advantage of steep discounts- and this is the exact catalyst that will drive capitulation in price action. Relax, let the price come to you. +(Note: this is in the US where paid surrogacy is legal.) + +I posted about this on r/povertyfinance, and it generated a good discussion (which you can read [here](https://www.reddit.com/r/povertyfinance/comments/bkkl6w/i_paid_off_my_students_loans_by_becoming_a_paid/?utm_source=share&utm_medium=web2x)), so I thought it would be worth sharing here as well. + +One year ago, I made the decision to be a surrogate for a lovely couple in New York to help pay off my student loans from grad school and start saving up for a home. I'm a single mother in my 30s with a child of my own living in North Carolina. I really wanted a way to get some extra income and help someone else in the process. I'm posting this because I searched Reddit for posts from other women who did something like this and I can't really find any, so hopefully this helps a few other women make the decision whether to make a choice like mine. Overall, I think it's one of the best decisions I've ever made. + +It wasn't an easy decision, but it helped that the process wasn't as hard as I thought. (Just long!) + +I spent a lot of time researching the various agencies and the one I chose paid the most I could find for a first-time surrogate. The couple I was matched up with is really nice. I got to meet them in New York City a couple times when I flew up there during the medical clearance process and embryo implantation. (My expenses were paid for too, so I got to visit New York for free!) They're both sweet and loving... I'm glad I could help. The poor wife has had a really hard time conceiving, with several heartbreaking experiences, over the last several years.... + +I'm currently 30 weeks along and I've had a easy pregnancy so far. I'm so excited for them to meet their new baby in August. (And because the embryo was developed from the husband's sperm and the wife's egg, the baby will be genetically theirs 100%.) I can tell they're really excited! The wife texts me all the time to see how I'm doing, and she likes to send me food. (She's really generous!) + +On that note, let me tell you some of the requirements I had to meet to qualify. They weren't that hard. + +* You should be between 21-39 years old. +* With my agency, you need a BMI between 18-32 +* You can't be on government financial support (Like food stamps or other programs) +* You need to have given birth to and be raising at least one child + +After paying my student loans off in full this month, I am putting the rest of the money towards a down payment on a house. That money buys a lot of house in my area. :) + +It hasn't all been an easy process. These are the main drawbacks/cons I've run into so far: + +Cons: + +* Getting approved and implanted took a long time - 8 months in my case. There were payments for getting matched with parents and getting cleared medically, but the monthly surrogacy payments didn't start until after the fetal heartbeat was confirmed a second time. There was a lot of waiting. (Worth it!) +* I had to inject myself once a day for about six weeks. I'm not a fan of needles so the first few were tough. After a week I got used to it, and after a couple of weeks it become completely routine. It's really not that bad. +* Lots of tests and appointments before I was approved. Thankfully, I work from home (I'm a translator), so I had the flexibility to get the testing done on their schedule. +* For three weeks I had to go to a nearby fertility clinic to get a blood draw 2x a week. Once I actually got pregnant, it went down to just the standard pregnancy OB appointments. + +Here are the top positive aspects for me: + +Pros: + +* The couple are really nice and loving, and I love how I'm able to help them with something they are so excited about. +* I got to fly to NYC a couple times during the process. +* Easy pregnancy (in my case - I know I'm super lucky here!) that's over in about 9 months. +* I'm getting paid $50,000+ in total which covered my student loans, helps me take care of my little girl, and goes a long way towards a house here. + +Really, it was one of the best decisions I think I've ever made. Those student loans were a huge burden. I was worried I’d never be able to be a home owner and take care of my daughter. I can’t even describe the difference it made in our lives... and more importantly, the difference it's going to make in the lives of the couple I matched with. I managed to get it all taken care of while helping a great family finally have the child they've wanted for years. +I've been thinking about this issue for a while. We all agree that one major factor in achieving FI early is how much can you avoid lifestyle creep. But is there a reasonable creep that makes sense? + + Taking my example: when i was a travelling as a student, I used to book $50 per night motel rooms and share that with 2 other friends to reduce costs add much as possible. Them I graduated, got a nice job, got married..after which I started booking $100 per night hotel rooms since the cheap motels were never in good locations or the rooms were never so comfortable etc. Then I changed jobs and started earning even more. Lately, I have been booking $150 per night rooms without batting an eye and have even done $200 a night when it made sense. My thought process is now that i work so hard and take very few vacations, and also travelling is why I want to FI (one major reason), so its ok to splurge one in a while. I don't feel guilty about this at all, but i do wonder if this is what lifestyle creep looks like, and whether this is reasonable. + +Similarly, lets talk about groceries. We've always loved cheap groceries. Sometimes we go out of our way to buy them. But lately i've been wondering about health etc. So venturing into organic food, which is damn expensive. So is that a reasonable creep? + +What do you folks think? +Throwaway to keep my finances private. + +Without being too specific, about 6 years ago I started an analytics and staffing firm in the medical field that has become very successful. A lot of what I do is shmoozing/eating/drinking with prospective clients and members of the community. I often log at least 200 miles a week in my car. + +My dilemma is this: I *think* that my efforts to curate a humble image to my employees and clients have overall resulted in a net positive in my ability to run my company, but I also know I cant be driving a beater car to meetings with business administrators and owners. My employees make anywhere from $20-$1000/hr and I feel as though whatever choice I make may alienate a portion of them. Nobody wants to talk about cutting office supply costs when the boss rolls up in a new Aston Martin, right? + +Am I overthinking this entire car situation? Do any of you think of a new contractor differently if they pick you up in a Porsche vs a Ford Fusion? Years ago I secured a sizable contract by renting a Ferrari to pick up an owner who was a known affectionado and this may have permanently skewed my view of the reality of the situation. + +TLDR; Looking for advice in buying a nice car without looking too flashy. Does it even matter? + +*edit* +Consensus summary: Perception matters; moderation in all things (then get a weekend car) +I turn 27 next month and am worried the path I'm on won't necessarily bring me where I need to be. + +Right now, I'm working at a FAANG making \~$500k/year pre-tax. My spending as a single man in a VHCOL city is $125k (though I could definitely trim a some fat here). + +My net worth just hit $550k, almost entirely in broad-market ETFs (VTSAX / SCHB). + +So far I've been very lucky in my career. After a few years working at startups, I joined a big tech company and have been rapidly promoted + given generous equity grants. Even without any further increase in compensation, I expect to hit $5M (my FatFIRE target) by the time I'm 40. + +The problem is I feel like this is a very slow and methodical path. I believe I've reached my terminal level (rising above my current level requires political skills/savvy that I just don't have) and don't really have anywhere to direct my ambitions. + +Plus, I firmly believe that real wealth (8-9 figures) doesn't come from working for others. While I can stay on my path and have a \~guaranteed $5M, it'll never get me to $20M+ where I have enough to really play around. Especially since I'm young and still unencumbered, it seems like I should be taking this opportunity to start my own company and take more risks with my career. + +Has anyone else weighed these options before? Should I take the guaranteed path or attempt to swing for the fences with my own company? +I’m curious if anyone here who isn’t a professional poker player has or is planning to play in the WSOP this year? + +I’m a decent rec player, but have only played one tournament for a $2k entry which I made the money stage in this past year. + +On the one hand I can afford to drop $10k for a entry, on the other I’m not expecting to make it all the way, and unsure if I really want to just do it to try to make it in the money or just play a smaller tournament that isn’t the main event. +Before y’all jump down my throat, I wanted to throw this one out specifically to the FatFIRE community, as the consensus may be different from Bogleheads/personalfinance/investing/etc. + +The general consensus in these latter groups seems to be “dump everything into VTWAX” simply because “winners rotate,” or “past performance doesn’t predict future returns,” or (my personal favorite) “the fall of Rome.” + +But I look at this as a matter of risk tolerance & probability. Yes, we can’t predict the future, but the chances of the US going under, or otherwise significantly underperforming the rest of the world over the long run, really would come down to one of two things: getting nuked or defaulting. The latter is probably more likely in our lifetime, but I still have a hard time believing this, simply given where the US is today in the global economy. + +Yes, China is an up & coming player (I still don’t see them overtaking the US in the near term...there are lots of problems within the CCP that stifle true innovation). The US today is not “Japan in the 90’s,” which is another argument that sometimes gets thrown around with some degree of regularity. + +So, my question is this: while it may be “risky” to go all-in on VTSAX, as opposed to VTWAX, is the bet on the long-term continued prosperity of the US a valid one? Assuming I believe that “higher risk” translates to potential “higher return,” is this a sane investing philosophy? + +P.S. I’m not looking for responses about home bias. Again, I see this as a matter of risk tolerance. + +P.P.S. VT (the ETF equivalent of VTWAX, has underperformed VTI) over the past decade. This isn’t an indicator of future returns, but I think it says something about buying down risk with a globally diversified portfolio. +Hey Apes, Crux here. I’ve been untangling the web that is the Citadel Empire, and the recent 🌶 surrounding BCG got me looking at a DD I set aside a while back. There is more evidence to uncover, so I've marked this Speculation/Opinion, but in the meanwhile here is more fuel for the 🔥 + +As always, the more eyes on this the better, if any apes dig up more please post it. + +**TLDR: BCG has a long relationship with Leslie Wexner, the founder of L Brands, which includes Victoria’s Secret and other companies. Wexner has significant ties to Jeffrey Epstein. And there is even a thread between Wexner and Ken Griffin.** + +# 0. Leslie Wexner + +Leslie Wexner is a billionaire, and the richest man in the state of Ohio. Wexner founded L Brands (formerly named Limited Brands) which included brands such as Victoria’s Secret, Abercrombie & Fitch, Express and Bed Bath & Body Works. + +[Leslie Wexner](https://preview.redd.it/ku0kn984bqs81.jpg?width=1024&format=pjpg&auto=webp&s=4c4b1d75d8ce9f2692d302bc0cbb06c8cbbc9bec) + +Wexner married Abigail Koppel, an attorney at a law firm working for Limited Brands, in 1993, and they had 4 children. + +[Leslie Wexner and family](https://preview.redd.it/o9xzn0h2bqs81.jpg?width=600&format=pjpg&auto=webp&s=cd5c1e4e714bc2d76962750bdfd99023d2f570a2) + +Just another boring billionaire, right? + +Of course not. + +# 1. Jeffrey Epstein + Leslie Wexner + +You all know Jeffrey Epstein of pedophile and human-trafficking fame. I don’t dare speculate on his death here. Instead, let’s start when Epstein met Wexner and learn about their relationship. + +A great Vanity Fair piece details much of their relationship, which I will quote and summarize here. [https://archive.ph/mZtG5](https://archive.ph/mZtG5) + +Epstein began his career as a teacher in New York, then moved to trading at Bear Stearns after meeting the CEO whose children were attending Epstein’s school. Epstein started at Bear Stearns in 1976 and became a limited partner in 1980, and left a year later due to allegedly violating securities laws. He formed his own company, supposedly helping wealthy clients recover stolen money. + +Epstein became involved with Wexner later in the 1980’s, before Wexner was married. Epstein pushed aside Wexner’s money manager at the time, ultimately gaining power of attorney over Wexner’s finances. + +Epstein also became involved in Wexner’s business, The Limited: + +>Epstein often invoked Wexner’s authority to make employees feel as if they worked for him. “Epstein would call you and wouldn’t give his name. He’d just start talking and expect you to know who it was,” a former senior executive said. “He was becoming more and more active in the business. It was really upsetting people.” **In 1996, as The Limited was preparing to spin off Abercrombie & Fitch into a separate company on the New York Stock Exchange, Epstein flew to Columbus and told executives that he would decide the share price. Executives worried Epstein was committing insider trading because days earlier, someone—they assumed Epstein—had sold an unusually large chunk of Limited stock.** “There was so much concern that one of the lawyers looked around the room and said, ‘Are we going to have to go to jail for this?’ ” recalled an executive who attended the meeting. According to the executive, Epstein got his way. + +(emphasis added) + +They had a long relationship: + +>\[Wexner’s security manager\] said beginning in the early aughts, Epstein spent less and less time in Ohio. But publicly Wexner still had glowing things to say about his money manager. In 2003, Wexner told a journalist that Epstein had “excellent judgment and unusually high standards,” adding he was “always a most loyal friend.” + +Epstein didn't need to profit off inside trading though, as he "obtained a New York mansion, a private plane and a luxury estate in Ohio — today valued at roughly $100 million all together — previously owned by Mr. Wexner or his companies." ([https://archive.ph/Y7zFN](https://archive.ph/Y7zFN)) + +Epstein was known to have "recruited" models for Victoria's Secret and take them to the New York mansion. Every room in the place had a surveillance camera; there's a lot more to the story but I won't go into it here. [https://archive.ph/YQs2o](https://archive.ph/YQs2o) + +Victoria’s Secret has been in the news the last several years, not just for the connection to Epstein but for other allegations of sexual abuse, a number of which against Ed Razek, Victoria Secret's former Chief Marketing Officer. Many more details on this creep here: [https://archive.ph/i6gcn](https://archive.ph/i6gcn) + +[Ed Razek pictured center](https://preview.redd.it/pcmoi9w7bqs81.jpg?width=1800&format=pjpg&auto=webp&s=270520d3948f7a7326cbe949c1cf1bb977271c9d) + +You may have heard of Epstein's "Little BlackBook"? This book includes contact info for people in Epstein's network, including prominent businessmen, politicians, etc. + +It was made publicly available and widely reported on, see for example [https://www.nytimes.com/2019/07/22/style/jeffrey-epstein-little-black-book.html](https://www.nytimes.com/2019/07/22/style/jeffrey-epstein-little-black-book.html) and [https://epsteinsblackbook.com](https://epsteinsblackbook.com/) + +&#x200B; + +Razek makes an appearance in the book. + +[Epstein Black Book, p. 78. https:\/\/epsteinsblackbook.com\/black-book-images\/78.jpg](https://preview.redd.it/y4xdsid9bqs81.png?width=503&format=png&auto=webp&s=99db2fa491f41f6debc9b90c9f7922cf6bc188d7) + +Wexner was also prominently featured in Epstein's Little Black Book. + +[Epstein Black Book, p. 81. https:\/\/epsteinsblackbook.com\/black-book-images\/81.jpg](https://preview.redd.it/l7ilwirabqs81.png?width=803&format=png&auto=webp&s=0b6aa8162edcfa5a1017520b9ac08af6ed4eb59f) + +Wexner claims, in a 2019 letter to his foundation, that he cut ties with Epstein in 2007 when “allegations against Mr. Epstein in Florida were emerging,” and that Epstein stole millions of dollars from his family, a portion of which was returned. [https://www.wexnerfoundation.org/letter-from-les/](https://www.wexnerfoundation.org/letter-from-les/) + +Nobody knows why it took Wexner over a decade to admit this. He never reported the “stolen” money to law enforcement either. + +You be the judge. + +# 2. The Boston Consulting Group (BCG) Connection + +We’ve learned a lot about BCG recently. They’ve done a lot of “work” for a lot of companies and government agencies, some of which ended badly. Facts are still being uncovered. Here is what I’ve found. + +Wexner is “Exhibit A” in BCG’s thought leadership around the rise of women as a spending powerhouse and consumer behavior. And he’s been paying BCG for decades. + +Wexner is featured in chapter one of a BCG book, *Rocket: Eight Lessons to Secure Infinite Growth. (*[http://media-publications.bcg.com/Rocket/pdf/Rocket\_Sample\_Chapter.pdf](http://media-publications.bcg.com/Rocket/pdf/Rocket_Sample_Chapter.pdf)*)* + +[The \\"grand master\\" 🙄](https://preview.redd.it/d4jduc1dbqs81.png?width=626&format=png&auto=webp&s=b1525b7f8673c0a6b1c2915c1c7dc7328f14c16d) + +Wexner was featured in articles too, like *What It Takes to Build a Start-Up into a Brand* ([https://www.bcg.com/publications/2016/consumer-products-marketing-sales-michael-silverstein-build-start-up-brand](https://www.bcg.com/publications/2016/consumer-products-marketing-sales-michael-silverstein-build-start-up-brand)) + +>Today, Leslie Wexner is CEO, chair, and founder of L Brands, a company with a $25 billion market cap and two primary brands, Victoria’s Secret and Bath & Body Works. In his career, he has created The Limited, Express, Bath & Body Works, Abercrombie, and Limited Too, and has expanded Victoria’s Secret from 3 stores to 1,500. **He is a master of all things retail**—store operations, design, merchandising, merchandise selection, pricing, promotion, employee engagement, visual excitement, retail as theater, and, most important, invention. He became a master by working every job from housekeeping to purchasing. **He is blessed with natural consumer marketing skills, and he can create specialty stores that target narrow segments, fulfill unmet needs, and reach out to adjacent consumer segments.** + +(emphasis added) + +And another article, *Don’t Ask Your Customers What They Want (Because They Don’t Know Until You Show Them) (*[https://www.bcg.com/publications/2015/marketing-sales-consumer-products-rocket-do-not-ask-your-customers-what-they-want](https://www.bcg.com/publications/2015/marketing-sales-consumer-products-rocket-do-not-ask-your-customers-what-they-want)) + +>At 78, Wexner remains at center stage in the major decisions of the business. He is a born “rocketeer”: a serial retail inventor and Renaissance man, equally comfortable in the worlds of art, architecture, history, and the shopping behaviors of women around the world. + +And other BCG books like *Trading Up: Why Consumers Want New Luxury Goods--and How Companies Create Them* ([https://tinyurl.com/2u757hzm](https://tinyurl.com/2u757hzm)) + +[\\"thought partners\\"](https://preview.redd.it/m68ncubfbqs81.png?width=588&format=png&auto=webp&s=836cb47be5a79bc1aad4fd1319658b7ee03acd5a) + +In 2003 Limited Brands named Neil Fiske, a BCG partner, CEO of Bath & Body Works ([https://archive.ph/LW0WE](https://archive.ph/LW0WE)) + +[Press release](https://preview.redd.it/oda3pv5ibqs81.png?width=711&format=png&auto=webp&s=f7aa1cc1e040858b84f07c620fb8482ee2e7b277) + +Wow, it’s 2003 and the ONLY client this guy has had since 1997 is Limited Brands? That’s got to be a very expensive consulting bill. + +**In fact, it has been since at least 1996 that BCG has worked with Wexner. In the Rocket book cited above the BCG authors state “\[w\]e have known Wexner for 20 years.” The book was published in 2016.** + +Oh, and Neil was able to get himself into the next BCG book, *Treasure Hunt: Inside the Mind of the New Global Consumer* ([https://tinyurl.com/yrrw74d7](https://tinyurl.com/yrrw74d7)) + +[You were already advising him, Neil, why would you getting a job there \\"make it better\\"?](https://preview.redd.it/bfavk39kbqs81.png?width=569&format=png&auto=webp&s=0a25d90d5ca4e975a44fd9beb54cd58568830107) + +The author or co-author of all these BCG books and articles covering Wexner and Victoria’s Secret was Michael J. Silverstein. + +Silverstein started at BCG in 1980 and recently moved to the Carlyle Group. + +* An interesting tangent is Silverstein was [appointed to the Board of Directors of FTD Companies (what an ironic name) in 2014](https://www.globenewswire.com/fr/news-release/2014/01/23/604262/10065167/en/FTD-Companies-Inc-Announces-Appointment-of-New-Director.html). FTD Companies for many years sold flowers and other things to consumers through a network local businesses. What happened to FTD? [Bankruptcy and restructuring in 2019, of course](https://www.prnewswire.com/news-releases/ftd-companies-inc-receives-court-approval-for-the-sale-of-the-ftd-north-america-and-latin-america-consumer-and-florist-businesses-and-the-sale-of-sharis-berries-300899628.html)! + +The timeline of when Jeffrey Epstein and BCG were “working” with Wexner and the Limited clearly overlaps. Given Epstein’s involvement I find it hard to believe there is no way he and BCG did not interact. + +Has BCG added value over their 20 years working with Wexner? Who the fuck knows. Maybe they were just taking advantage of an old, horny, introverted billionaire. Kind of like how Jeffrey Epstein did. + +# 3. The Ken Griffin Connection + +Things get a little more speculative here and I will be up front: I have not been able to directly tie Jeffrey Epstein to Ken Griffin. But there are some things that make you go hmmm... + +https://preview.redd.it/brrmo3fnbqs81.jpg?width=404&format=pjpg&auto=webp&s=a7d010d0849714224ce7e116f7ca12e619a66dec + +Let me introduce you to Teresa P. Vieira. Ms. Vieira is a resident manager/personal assistant in NYC. She has included some interesting work experience on her LinkedIn profile which is publicly available. + +[Source: LinkedIn](https://preview.redd.it/b1t54olobqs81.png?width=386&format=png&auto=webp&s=cec0763ed893eb29c06e27797b722a724a817815) + +Let’s walk through Ms. Vieira’s professional background. + +First, she worked for Mortimer Zuckerman from 1996 - 1999. Mort Zuckerman is a billionaire who co-founded Boston Properties, one of the largest real estate investment trusts in the US, and is the owner of US News and World Report. + +[Ms. Vieira experience with Mort Zuckerman](https://preview.redd.it/n2p5pcypbqs81.png?width=822&format=png&auto=webp&s=37b344a09da414599780238df3e188422ca30de9) + +Remember Epstein’s “Little Black Book”? Zuckerman makes an appearance. + +[Epstein Black Book, p. 82. https:\/\/epsteinsblackbook.com\/black-book-images\/82.jpg](https://preview.redd.it/sj45c68rbqs81.png?width=289&format=png&auto=webp&s=9bdb6568027daae7bbea22cd6f5ee9b55052899f) + +This NY Post article provides some interesting tidbits on Zuckerman ([https://nypost.com/2021/07/21/leon-black-drags-mort-zuckerman-into-guzel-ganieva-case/](https://nypost.com/2021/07/21/leon-black-drags-mort-zuckerman-into-guzel-ganieva-case/)): + +* Zuckerman claims he wasn’t involved in or was aware of Epstein’s sexual crimes. +* Zuckerman and Epstein made “an unsuccessful bid to buy New York Magazine in 2003 and teamed again a year later to invest in Radar Magazine, which later became Radar Online.” +* **Leon Black, former head of Apollo Global Management (Apes are familiar with this walking turd), has tried to drag other billionaires, including Zuckerman into a \["r" word that ends with "ape"\] case filed against him by a Russian model.** +* Black claims “​​she signed the NDA in exchange for $21 million to keep quiet about their six-year long consensual affair.” +* Black was found to have “paid Epstein $158 million for tax advice and estate-planning services between 2013 and 2017.” 👀 + +Kind of sketchy, let's see where Ms. Vieira worked next: + +[Ms. Vieira experience with Leslie and Abigail Wexner](https://preview.redd.it/sdm6ulusbqs81.png?width=838&format=png&auto=webp&s=13ebae7e80fb882f2854781e578e91bca0316a8f) + +Fucking really? She worked for Leslie and Abigail Wexner for 10 years, a large part of which was when Epstein - Wexner’s best friend - was doing his dirty deeds? + +>Liaised with domestic and foreign dignitaries and secret service agents during residence visits and special events. + +You mean like Bill Clinton and his Secret Service agents when he’s taking flights on the Lolita Express? Or a foreign dignitary like Prince Andrew? + +I’m sure Ms. Vieira had no idea who Epstein was or what was going on… right? + +Where could she have worked next? + +[Ms. Vieira experience with Ken Griffin \/ Griffin Family Services](https://preview.redd.it/ym1jrp0vbqs81.png?width=816&format=png&auto=webp&s=77e9841ece1f9262d6dad9831d15656214f6b4f5) + +**The personal assistant and residential manager of Jeffrey Epstein’s #1 Billionaire Cash-Cow went to work for none other than Kenneth C. Griffin, founder of Citadel.** + +Mort Zuckerman, the Wexners, and Ken Griffin... Please understand, I am NOT accusing Ms. Vieira of anything. But I can only imagine this shit this lady has seen working for multiple billionaires, some with very close ties to Jeffrey Epstein. + +# 4. Final Thoughts + +Apes, there’s so many threads here that can be pulled, as usual this just scratches the surface. + +I have looked but have yet to find solid evidence linking Ken Griffin to Jeffrey Epstein. It's all circumstantial connections, for example they both donated significant sums to Harvard, or with several degrees of separation, such as the Epstein -> Wexner -> Vieira link. + +This needs more eyes on this to uncover more facts. There's a lot of smoke but I haven't found the fire. + +That's all I have for now. + +🚀🦍💎🙌 + +edit to add clarification that this is based on publicly available info and documents. thanks u/half_dane +I broke down and decided to read a personal finance book, "I Will Teach You To Be Rich." (not an endorser, just a poor 20something) Im going through the first few pages when I come to a part about getting out of debt. + +Essentially, he says to call your credit card companies and simply ASK to lower your APR. He said it worked 50% of the time with a good argument. + +I thought this was nuts, not going to lie. However, I had an extra hour to kill. So, I called up my 3 credit card companies with a script in hand and 30 minutes later... + +YALL. I got one credit card permanently reduced to 14% APR and TWO credit cards to do a 0% APR promotion for 12 months. My credit cards were pushing 25% APR before these calls. + +This may not be for everyone, but I encourage you to try if you have some time. +Images without context should be banned IMO. There should be a story or something relatable or a journey about how one accomplished what they did. Otherwise this sub is just personal finance w/ extra circle jerk of "just make more money 4head" +Traditional finance is well known for substantial costs for moving money around even if the slightest amount of money is being move - especially if it is for an international transaction. + +One might also consider that many of these companies are not available 24/7 and usually will not work on weekends and holidays. Crypto solves that easily as we have seen on multiple services from E-money to BSC to Tron. And these are actually available 24/7 as long as you have an internet connection. + +And when you look at the cost of these services, it is mere pennies for even tens of thousands of dollars’ worth of transfers compared to bank transfers. + +To be fair banks started integrating crypto in some sort with things like crypto compatible credit cards from Binance, CoinOvy and CoinBase. They even offer crypto cash back instead of fiat cash back which is much more valuable overtime cause fiat cash back does not even offset inflation. + +By the way it is looking, I think if we keep up this pace, we will see mainstream adoption sooner than we really ever imagined we would. +Mine’s sitting at 0.5%, but when they dropped it from 2% they used the excuse of dropping fed rates. Now that the fed is ratcheting up the rates, is there a reasonable estimate for when we will see HYSA rates rise again? +[Interesting article](https://www.racked.com/2017/11/29/16710502/affirm-loan-shopping) discussing the company "Affirm". + + +Founded by the former CTO of PayPal, this company has raised half a billion dollars from investors and offers a new way to pay for your shopping. + + +I think it is worth discussing the dangers of using this kind of financing. Feels to me that this type of service will incent people to buy material goods beyond their means, and fall into a vicious cycle of high-interest loans. + + +> The installment loans, made at 10–30 percent annual percentage rates, or APR, and averaging $750 according to the company, are offered for everything from mattresses and plane tickets to motorized skateboards and coding classes to $500 boots and $200 limited-edition denim. + + +>For merchants, Affirm provides exceptional benefits, increasing average order values across the board; perhaps not surprisingly, people will shop more, and more often, when they don’t immediately feel the costs. And for many customers, including Jocelyn, the predictable, convenient payments are worth the higher interest rates. + + +> Affirm customers have an average of 2.2 loans with the company, while some shoppers have upward of 50 at a time. +I ask this because some of the biggest US companies already ARE international. + +Apple, Google, McDonald’s, and Nike for example are massive companies that are US-based, but are not exclusive to doing business in the USA. + +Many people devote 10% of their portfolio to international companies. But I feel that most people already have that 10% international exposure with massive US companies. + +Thoughts? +A couple of weeks ago, I was going to attend an event while traveling that required a large temporary authorization on my debit card. I set up the authorization with the bank, but they put the incorrect date on it, which resulted in my card being declined. In another two weeks, I'm going to try the same thing again, this time double checking that they haven't made a mistake with the authorization. + +This is going to incur a few hundred dollars in lost travel/hotel expenses. Since this was entirely and specifically due to their error, I was wondering if it would be reasonable to ask for these expenses to be reimbursed. I've never heard of something like this, so I'm not sure what approach to take, or what to expect. Does anyone have any experience with this, or the best way to do it? +I was lucky enough to join WSB in November, saw the first GameStop DD around there and it started to pickup steam in December. I bought x shares at around 17$. Held for 3 days and sold. A week later while I was at my minimum wage job I decided to see what was up with GameStop. Boom 30$ a share. Dang it I missed the squeeze. Next day 38$. Woah maybe not... + +Bought some calls and managed to hit xx,xxx$ in my account within one day. Bought some 60 calls (weeklie) on a monday, by Thursday we were at 41$ a share. I had 81 60 calls and I was down to xxx$ in my account. I sold half of my calls on Thursday before market close for 5$ each. Next morning we started climbing a bit and my calls were worth 20$. I sold half again. Then half at 30. I now had 5 calls and they were each worth 1700$. I missed out on 137k because I sold my calls. Too risky, going from xx,xxx$ to xxx$ and back to xxxx$ was emotionally challenging to say the least. + +Since then, I’ve had days were ive gained 3xx,xxx$ and two consecutive days of 1xx,xxx$ losses. I hit a high of 7xx,xxx$ and didn’t flinch in March. + +Only one of my parents knows about my account and they’re unemployed. They told me not to sell. 7xx,xxx$ is nice, but means nothing in the grand scheme. Cut that in half because of taxes and now it’s not so much to live off of, certainly can’t retire on that or support my family for a long period of time. + +If you have x shares you matter. If you have half a share you matter. Also can’t forget about the xx middle child’s either. You all matter. + + +I work somewhere that I can get tipped, believe it or not, the people who tip the most, BUY THE LEAST. The rich tip the least and buy the most. + +Apes live in a country where the poor support eachother and the rich try to take what little we have. + + +Apes have a once in a MILLENNIUM opportunity to flip the script, but it won’t matter if we simply replace the rich now. + + +Apes need to invest in their communities and ensure that nobody is left behind. + + +It’s not a coincidence that the rich gained 3.7 trillion in a pandemic while the public lost 3.7 trillion... + + +Selling at 10k a share won’t make a dent in the pockets of the institutions we are up against. They have the money to pay us. 10 million MINIMUM. + +I will hold for every single one of you, and for those who can’t be a part of this movement because they don’t have the funds, or the means to educate themselves about GameStop. + +Edit: Hedge funds if you’re reading this, please fuck your wife immediately. Pretty soon she’ll be gone... + +#I believe that you will too. +Hello everyone, It's B\_T! + +**OOK OOK** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I come to you today with a fun, lighthearted update! We have a new award that you may be seeing around. (One I actually made myself). Check it out: + +[Not-A-Cat Golden Bananya Award!](https://preview.redd.it/j53oxsxp9a271.png?width=500&format=png&auto=webp&s=4077214609ed48f4dc7e774a478babb2040d5278) + +*Only for the most* ***Squeezable*** *of submissions.* *Gives 1 month of ad-free browsing,* r/lounge *access, and 700 Coins a month.* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +This guy is a special award that only moderators can give out-- for posts we think are extra *snazzy* and special. This was a little pet project of mine so I hope you guys enjoy it. I know that as a Canadian who cannot get one of the Bananyas this was a nice way to console myself, so I hope it does the same for those of you who also couldn't get one. + +I have a few more ideas in the works for awards, both for you Apes to give out and for us Mods to give out. If you have any cool ideas for what you'd like to see as an award, let me know and I will see if I can make it happen 😉. + +Cheers, + +B\_T +Hey guys, + +Yesterday I invested in DPW at $2.60 per share, thinking that it would follow the trend of bitcoin related stocks having success recently. Over the course of two days I've managed to nullify the smart investing gains I've made in my short investing career. + +First off, what do you guys suggest I do with DPW? Should I cut my losses or try to wait it out? + +Also, what are some tips/advice you have for a beginner investor like myself? + +Thanks guys! +So I spent a significant amount of time this weekend reading up on FI/RE. I've always considered myself "good" with money but to be honest, I just sent money to my savings/debt and then spent the rest. This past long weekend I took the time to go through all of the financial data that I had available from my banks and fully geeked out on the data. + +The results were eye opening for sure. I'm not as good as I thought I was at saving. I spent a significant amount more than I expected. Many times when I was normalizing the data I thought: "why did I eat out so often?" "What did I buy for $x?" Of course a few transactions sent me through some sweet nostalgia. + +&nbsp; + +Notes: + +* The data starts 2010/August/01 +* I'm currently travelling SE Asia and didn't track the cash spent :( +* As you can see I lived above my means, I ate out, uber'ed everywhere, and bought way to many video games and electronics! +* I'm 30, moved twice, and spent to much time in university/college + +&nbsp; + +Current Net Worth | Current Total Assets | Current Total Liabilities | Current Debt Ratio +---|---|---|--- +(7,315.98) | 8,177.32 | (15,493.30) | -1.895 + +&nbsp; + +Category | Lifetime Total +---|---|---- +income | $176,050.08 +accomodation | -$46,892.67 +food | -$32,330.74 +transportation | -$25,961.79 +shopping | -$24,582.77 +administration | -$9,896.90 +health | -$9,645.19 +utilities | -$9,028.98 +gifts | -$3,304.49 +banking_fees & interest| -$2,735.76 +subscriptions | -$1,094.01 + +&nbsp; + +[Edited in] + +Category | Monthly Averages +---|---|---- +income | $2,047.09 +accomodation | -$551.68 +food | -$380.36 +transportation | -$305.43 +shopping | -$289.21 +administration | -$116.43 +health | -$113.47 +utilities | -$106.22 +gifts | -$38.88 +banking_fees & interest| -$72.99 +subscriptions | -$12.87 + +&nbsp; + +[Raw Data](https://docs.google.com/spreadsheets/d/1I3iYJKI05qtDx6rDoctmaTZYsAt71_ivjpwMUeczgls/edit#gid=0) [Edit 1] + +[Graphs](https://imgur.com/a/WURFY) + +&nbsp; + +After doing this activity I've set a few FI goals to help me pursue before the end of 2017: + +1. stick to my budget that makes sure I live within my means (sorry daily delicious shawarma you got to go) +2. pay off my debt ($14k left @ 6.2%) +3. have $10k of savings (currently at $4k) +4. stay on top of tracking my spending! + +&nbsp; + +Since I need $20k to reach my goals and my salary will make me $16k by the end of the year I'll need to get some side gigs. The reason for this post is mostly to hold me accountable as I embark on the road towards being FI. A bonus side effect of this post would be to convince other lurkers to actually look at their data and make a plan. I'd appreciate any advice you can give to a noob like myself who is taking their first FI step. + +Edit: added monthly averages and a google sheet with the break down. Also my banking fees includes my interest which is in the sheet. Sorry for giving the data in an unclear format. + +Edit 2: clarifying that bank fees includes interest. +As of today, Polygon announced that they have partnered with Draft Kings, worth 20 billion dollars, is a digital sports entertainment and gaming company. They aim to, “accelerate the adoption of NFTs and Web3. DraftKings will leverage its expertise in digital sports to introduce a whole new audience to NFTs.” + +DraftKings marketplace is built on Polygon itself, and is a digital collectibles platform for mainstream accessibility that enables NFT airdrops as well as secondary transactions. + +ALSO + +The new Coinbase NFT Marketplace will more than likely be using Polygon as its platform : + +1. Coinbase wants to use Polygon for scaling their functionalities + +2. Mentioned that they want to use Polygon as the first scaling solution for Deposits and Withdrawls + +3. Polygon is funded by Coinbase ventures since its inception + +4. The lead Coinbase wallet developer Pete J Kim, is on the Polygon advisory board + +MATIC is going to be exploding here soon, and with all these new projects that the Polygon team are coming out with, I can’t see why people wouldn’t invest in MATIC right now. + +[Coinbase to Use Polygons ETH Scaling Solutions](https://www.coindesk.com/business/2021/09/01/coinbase-to-use-polygons-ethereum-scaling-solution-to-reduce-prices-settlement-times/?outputType=amp&amp;__twitter_impression=true) + +[Polygon + DraftKings Agreement](https://blog.polygon.technology/polygon-and-draftkings-forms-a-strategic-agreement/) +I am currently a 16 year old apprentice and being paid about £17000 a year. This comes to about £1416.67 a month before tax. + +What im confused about it is my employer has deducted only my national insurance from my pay (£48.85). My total take home is £1367.82. Do I not have to pay income tax due to my age? + + Im not complaining or anything but also dont want to be in any trouble for tax evasion 😭 + +Thanks! +http://www.marketwatch.com/story/demand-apples-iphone-6s-may-actually-be-lower-than-for-the-iphone-6--pacific-crest-2015-09-17 + +I've seen no proof to the author's statement there. Just blah blah. Anyone got real numbers? + +And meanwhile Apple stock is down 1% after a couple of green days. +I don't know if this is a good or a bad thing. I don't react to crypto market anymore. + +I open my computer/phone, check the price and see it, and then close the charts. Like, it doesn't matter if it's in green or in red. I doesn't mean aynthing to me unless the price is +50% down or +90% up. I just look at the price for a moment, and then continue my daily life. + +I remember first time I got into crypto, I was checking the charts every 5 minutes and get real depressed if my coin drops more than 5%. I don't feel that anymore. I just don't. + +Also I don't think about crypto all the time like I used to. I don't even think about my coins 90% of the time lol. + +Is this a sign of being a crypto veteran? +**Warning:** + +* **this is not investment advice** +* **past performance doesn't guarantee future returns** +* **potentially controversial, long post** + +# Short Introduction to Leveraged ETFs + +We all know that investing in a globally diversified equity portfolio is a great way to let your money grow. As long as your investment horizon is long enough, a diversified equity portfolio seems to consistently grant investors an (equity) premium over the risk-free rate. + +This naturally raises the question of how we can further increase those returns. There are, generally speaking, two ways to increase expected returns: + +* decreasing diversification +* taking leverage + +Decreasing diversification will increase your exposure to idiosyncratic risk, which is not what we want in a passive investing strategy. Since this sub focuses so much on passive investing, I'll focus on the second method: taking leverage (i.e., borrowing money that you can use to invest). + +There are many ways to take leverage, but the one I like most is using [leveraged ETFs](https://www.investopedia.com/terms/l/leveraged-etf.asp). Most leveraged ETFs try to replicate the ***daily*** performance of a certain index multiplied by a certain number. This implies that they re-leverage every single day. A disadvantage of this daily re-leveraging is that it causes *decay*. What does decay mean? Suppose that a stock experiences a return of -10% on day 1, and a return of 11,11% on day 2. The resulting return over the two-day period, ignoring leverage, would be 0%. However, when applying 3x daily leverage, the return on day 1 equals -30% and the return on day 2 equals 33,33%. In this case, the return over the two-day period equals -6,67%. The fact that the unleveraged investment returned 0% whereas the leveraged investment returned -6,67% is due to the decay. Decay, along with large tail risk, are the biggest disadvantages of leveraged ETFs. + +# Historical Performance + +So, now that you know about the basic characteristics of leveraged ETFs, let's look at their historical performance. Or at least, what their historical performance would have been over the past 40+ years. For this analysis, I used daily returns in USD of the "[Wilshire 5000 Total Market Full Cap Index](https://en.wikipedia.org/wiki/Wilshire_5000)". The data starts at 30-11-1979 and basically runs until today. I applied the daily re-leveraging that leveraged ETFs use to the data. Note that I did not take any costs into account. However, as long as real-life leveraged ETFs succeed in replicating their benchmark, my main findings should still hold. + +**Annualized Returns** + +|Period|1980-1990|1990-2000|2000-2010|2010-2020|Standard Deviation (Annual)| +|:-|:-|:-|:-|:-|:-| +|Wilshire 5000|16,62%|17,59%|\-0,17%|13,28%|16,33%| +|Wilshire 5000 x2|21,22%|32,57%|\-5,19%|34,94%|34,94%| +|Wilshire 5000 x3|27,17%|46,47%|\-14,41%|56,34%|56,34%| + +**Worst Daily Return (19-10-1987) & Maximum Drawdown** + +||Worst Daily Return|Maximum Drawdown| +|:-|:-|:-| +|Wilshire|\-17,31%|\-54,44%| +|Wilshire 5000 x2|\-34,63%|\-83,06%| +|Wilshire 5000 x3|\-51,94%|\-94,91%| + +I then did some tests using [rolling-window](https://nl.mathworks.com/help/econ/rolling-window-estimation-of-state-space-models.html) periods for 10- and 20-year investment horizons. I calculated: + +* The median return over all 10- and 20-year investment horizons +* The chance of a negative cumulative return over the total 10- and 20-year periods +* The chance that the cumulative return for the leveraged investments over a 10- and 20-year period is worse than that of a normal investment over the same investment horizon +* The highest and lowest possible cumulative return for 10- and 20-year investment horizons + +**Results Rolling-Window Analysis** + +&#x200B; + +||Median 10-yr. Cum. Return|Median 20-yr. Cum. Return|Chance Negative 10-yr. Return|Chance Negative 20-yr. Return|Chance 10-yr. Return Worse than Un-leveraged|Chance 20-yr. Return Worse than Un-leveraged| +|:-|:-|:-|:-|:-|:-|:-| +|Wilshire 5000|182,57%|493,02%|3,38%|0,00%|/|/| +|Wilshire 5000 x2|477,43%|1596,49%|6,93%|0,00%|11,15%|0,00%| +|Wilshire 5000 x3|758,41%|2258,31%|11,18%|0,00%|15,46%|1,42%| + +&#x200B; + +||Best 10-year Cum. Return|Best 20-year Cum. Return|Worst 10-year Cum. Return|Worst 20-year Cum. Return| +|:-|:-|:-|:-|:-| +|Wilshire 5000|498,05%|2 651,46%|\-31,10%|122,76%| +|Wilshire 5000 x2|2 825%|48 838%|\-70%|126%| +|Wilshire 5000 x3|11 590%|545 727%|\-92%|2%| + +# Conclusion + +As you can see, leveraged ETFs could potentially offer interesting long-term returns. The biggest disadvantage is clearly the high tail risk. If you lump sum, your returns will strongly depend on your buying point. To give some extra clarification, the worst results above are caused by starting your investment around the peak of the dotcom bubble. This problem could potentially be solved by making periodical investments instead of lump summing though. + +The goal of this post is not to have you all allocate the majority of your investable capital to leveraged ETFs, but to start a discussion/conversation on the topic. I think leveraged ETFs are some of the most interesting but also commonly misunderstood investment vehicles out there. + +I do believe that leveraged ETFs are useful for passive investors, **as long as they track well-diversified indices**. As previously stated, you want your idiosyncratic risk to remain as low as possible. The common rules that we all invest by also apply to these leveraged ETFs, but to a more extreme degree. Your investment horizon better be extremely long, you better not sell during a market downturn, you better ignore your emotions, don't try to time the market, etc. + +Thank you so much for reading and feel free to let me know what you think. If you have any questions, ask away. + +**EDIT: The data I used does not come from an actual leveraged ETF. I used daily returns from the Wilshire 5000 Total Market Full Cap Index and simply calculated what the performance would have been if daily leveraging were applied. The goal of this post is to spark a conversation about this, not to have everyone invest in leveraged ETFs.** +I am 27(F) +I have no debt except HECS. I am just starting full time work after some life stuff caused me a delay in finishing my degree, and i work in social work. I’m in my second year of full time work, don’t own a car and rent with housemates. My costs are low and my salary is $73k. I am really scared about taking financial risks due to my socio economic background and am just learning how to manage having a stable income for the first time! I would love some general things to aim for as well as hearing anyone who had a similar experience and doesn’t come from generational wealth. Thank you :) +Hi AusFinance wisdom, + +Posting on a throwaway, but long story short my partner has lots of BNPL and some small loans and a long history of them. + +I was using her computer for something and she had her email open and one of the first emails was a new BNPL account. Not much further down were some failed BNPL payments. + +Shame on me for scrolling but I didn't have to scroll far or at all to find some peculiar items. Now I believe the failed payments are because they are attached to a debit card with purposefully little money in it. But more concerning is the number of times she has failed to pay her phone bill (which is also a stupidly high amount). + +I am not so concerned with the BNPL, but we earn similar salaries and we have taken on a lot of expenses lately due to moving in together, and I've had to dip into savings myself and am feeling the pinch. But never felt the need to apply for loans. + +And throughout the time we've been dating, money has seemingly been no issue whatsoever. $100 on a dinner here, $100 sport/show tickets there. Now I'm worried she was funding our dating lifestyle and her moving in expenses with debt. + +A lot of emails in the inbox are shopping related so no doubt she is a shopaholic and I kinda knew this myself, I just didn't know it was potentially funded with debt. + +She has had a history of personal loans and payday loans through Jacaranda, Cigno and Cash Train. And she is applying for these while having other debt outstanding, one provider even queried about her other loan. + +One Jacaranda loan was for car finance which looks paid down, but in the past there are repeated instances of $300, $500 small amount credit contracts. One $300 loan ended up having about a $200 interest charge, and one $500 about $300 in interest. + +She appears to have paid all of them off, or very close to, but just a few of those 'failed payments' which I hope are linked to a purposefully low-balance debit card caught my attention. + +She has suggested having a pooled savings account in the past - I was iffy on it then and it's an absolute no-go now. + +Thing is I love her, and I'm not angry or sad, more just curious, and as a relatively financially savvy person myself I want to make sure our financial 'health' is aligned. + +I'm also worried if we apply for a house together it will all be in the spotlight and I'd hate for her credit score to be ruined, and for her to find out the hard way. Basically I'm wanting to save that embarrassment and shore ourselves up for getting a home loan in future. + +\> How should I bring this up? I've been thinking of saying 'Hey let's do a budget', which she has said she might need my input on in the past. This might sniff out some other debt in a positive/constructive way but I'm also worried if she makes no mention of any loans or denies having had any. + +This is completely overstepping the boundary but part of me wants to run a credit check on her to get the full debt picture but that can't happen. + +TL;DR: Partner has racked up lots of BNPL and personal/payday loans. How to bring up in constructive fashion now before relationship progresses further/we apply for a home loan. +It seems like one thing that both the ALP and their detractors can both agree on is that Virgin Australia was incompetently run: + +[https:\/\/twitter.com\/NickHaughain\/status\/1252140110226702343](https://preview.redd.it/n5ksfh2nghu41.png?width=529&format=png&auto=webp&s=f686a020c188b8ffea285fd775dd50a389288121) + +[https:\/\/twitter.com\/Progressive\_Con\/status\/1252065938804887553](https://preview.redd.it/x5yroadkghu41.png?width=530&format=png&auto=webp&s=4a4547cd2669a13602809cd856d01ad45459a471) + +Was [Virgin Australia](https://en.wikipedia.org/wiki/Virgin_Australia) really run in an incompetent way, even before the pandemic? Why/why not? If they were poorly run, where did they go wrong? + +How can one tell if an airline is poorly run even before it needs voluntary administration? Should I expect [Qantas](https://en.wikipedia.org/wiki/Qantas) and/or [REX](https://en.wikipedia.org/wiki/Regional_Express_Airlines) to go into voluntary administration soon too? + +On a side note, Virgin's Velocity Frequent Flyer program [is a separate company and is not in administration](https://www.abc.net.au/news/2020-04-22/what-to-do-with-velocity-points-virgin-travel-credit/12167834). I understand how this is supposed to work (i.e. an airline giving their frequent flyer program independence), and how the airline's financial woes didn't bring down their frequent flyer program down with it. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +https://boeing.mediaroom.com/2019-12-23-Boeing-Announces-Leadership-Changes + +> CHICAGO, Dec. 23, 2019 /PRNewswire/ -- Boeing [NYSE: BA] announced today that its Board of Directors has named current Chairman, David L. Calhoun, as Chief Executive Officer and President, effective January 13, 2020. Mr. Calhoun will remain a member of the Board. In addition, Board member Lawrence W. Kellner will become non-executive Chairman of the Board effective immediately. +> +> The Company also announced that Dennis A. Muilenburg has resigned from his positions as Chief Executive Officer and Board director effective immediately. Boeing Chief Financial Officer Greg Smith will serve as interim CEO during the brief transition period, while Mr. Calhoun exits his non-Boeing commitments. +> +> The Board of Directors decided that a change in leadership was necessary to restore confidence in the Company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders. +> +> Under the Company's new leadership, Boeing will operate with a renewed commitment to full transparency, including effective and proactive communication with the FAA, other global regulators and its customers. +> +> "On behalf of the entire Board of Directors, I am pleased that Dave has agreed to lead Boeing at this critical juncture," Mr. Kellner said. He added, "Dave has deep industry experience and a proven track record of strong leadership, and he recognizes the challenges we must confront. The Board and I look forward to working with him and the rest of the Boeing team to ensure that today marks a new way forward for our company." +> +> Mr. Calhoun said, "I strongly believe in the future of Boeing and the 737 MAX. I am honored to lead this great company and the 150,000 dedicated employees who are working hard to create the future of aviation." +The sister of Bernie Madoff - who was behind the largest-known Ponzi scheme in history has died with her husband in what is thought to have been a murder-suicide. + +Sondra Wiener, 87, and her husband Marvin, 90, were found dead last Thursday in Boynton +Beach, Florida, according to the Palm Beach Sheriff's Office. +They were found with gunshot wounds but a medical examiner will determine how they died, the sheriff's office said. + +Madoff died last year, aged 82, while serving a 150-year sentence in federal prison. +Tens of thousands of victims +His scheme defrauded at least 37,000 victims, including charities, hedge funds, celebrities, and pension funds. According to a New York Post report in 2009, +the Wieners were also among the victims and were financially ruined. Estimated to be as high as $64.8bn (£ 47bn), the scheme collapsed during the 2008 +financial crisis after investors tried to withdraw billions of dollars of funds and he could not find the money to cover their requests. + +https://news.sky.com/story/bernie-madoff-sister-of-the-man-behind-historys-largest-ponzi-scheme-is-found-dead-with-her-husband-12547688 Bernie Madoff: Sister of the man behind history's largest Ponzi scheme is found dead with her husband +&#x200B; + +[Victory!!!!](https://preview.redd.it/5ifgy0du9n571.jpg?width=1080&format=pjpg&auto=webp&s=2ff6398b98c4e55e88380684bad8a264ccf8a153) + +# Apes, + +# + +# I'm writing this because the sands are shifting. It doesn't look like it from here but trust me, we just started winning and they are just figuring it out now. Have you noticed small things like NYSE covertly speaking of Dark Pools/OTCs? How about people starting to question how these stocks keep popping up every couple of weeks? How about things like whereis005 and nakedshorts trending on Twitter? People are starting to ask questions they never had before.....The battle is raging on but there is a shift happening and it's gaining momentum. + +# + +&#x200B; + +**What?? How? Don't fuck with me.....You have been patiently HODLing for fucking months. We win because Apes have something that Hedge Funds don't have and it's the reason we win this war.** + +&#x200B; + +&#x200B; + +# Hope and Grit + +&#x200B; + +&#x200B; + +Regardless, how cheesy you think that sounds, please here me out! Hope is why you bought into GameStop. Most of you are here because you have read the DD, you did your own homework, Apes are all just random individual investors trying to make sense of this mess, and you have HOPE that GME goes to the moon. MOASS or just the greatest stock turnaround in history, either way, you all have rode waves of FUD, watched your investments drop asshole clenching amounts in a day, Ape migrations across Reddit Subs, dealt with constant doubt, and yet you still held. + +&#x200B; + +&#x200B; + +**Why?** What on earth would you ever subjugate yourself/family to this level of stress? **Hope.** You know the math, you can see through the lies in the MSM, you can ignore the FUD because you know that on the other side of this MOASS could have life changing money. + +&#x200B; + +&#x200B; + +Most of us here are poor in relative terms compared to the money on Wall Street. Apes have managed to go toe to toe with those who have trillions at their fingertips. **None of their normal tactics work and they are losing their minds because at this rate, it's going to expose their crimes. They are looking for a way.....any way they can find, to fuck you and not let the poor's win. Apes, Ants, Europoors, etc are sharpening their digital pitchforks and are about to topple the long standing system of bleeding wealth from the lower/middle class to benefit the rich if they don't let this MOASS.** + +&#x200B; + +&#x200B; + +Guess what, the poor's/Apes just figured out what is happening. At some point in all this, Apes are start demanding from these companies who are heavily naked shorted they release a share count.Let's pretend they found some loopholes in this 1st quarter count and were able to keep the number down. The next proxy vote after a year of pushing retail's buys into Dark Pools and OTC trades; retail will have so many shares, it will break the system. Let's say they convince GME to hide that information, **(I'm not encouraging this just simply pointing out the inevitable that you can't keep this hidden forever**) Ape's are going to start disclosing their positions somewhere online or some other forum **(DO NOT POST YOUR POSITIONS OR YOUR STRATEGIES ON REDDIT. Rule 9 of this community states we don't post our positions)** and seeing truly how many shares exist. The point is, they can't stop the world from seeing how broken this system is and demand a new one. That means you DTCC. You will be replaced with something that works. Where this can't happen again. + +&#x200B; + +# Grit: An individual's perseverance of effort combined with the passion for a particular long-term goal or end state (a powerful motivation to achieve an objective) - Our objective is freeing GameStop from fuckery, fixing a broken system and/or getting rich in the process. + +&#x200B; + +&#x200B; + +&#x200B; + +Apes have grit and determination to see this through. Fuck look at the OBV we aren't going anywhere. It's the shorts worst nightmare and why we win + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +================================================================================= + +# + +# Hope + Grit = Unshakable Apes who will stop at nothing until this gets unfucked + +&#x200B; + +================================================================================= + +&#x200B; + +# Direct message to the DTCC and Cede. + +You should know that Apes are figuring more shit out about the system each day. Imagine how much more gets unearthed with millions more eyes watching this daily. You all tried covering up this problem but it's grown too big. The Ape's are learning and piecing more things together by the day. **These naked shorts, that you allowed to happen on your watch are about to make you lose EVERYTHING.** Each day this continues the problem grows and you get one day closer to having an angry mob of international investors showing up to dismantle your empire brick by brick. You want to keep your power, you are going to need to sacrifice these shorts to the masses. Yes, it will cost you boatloads of money after they default but you have already passed some rules to keep this happening again. If you keep choosing to hide what your bad actors have done, this mob is going to demand the DTCC's head as well. You allowed this to happen under your roof. Maybe they decide, that instead of fixing the roof over and over again that somehow keeps leaking; maybe this mob decide that we need a new house. Maybe they start electing Ape leaders who will dismantle your system. Maybe they decide the DTCC needs to go. + +&#x200B; + +&#x200B; + +# Direct message to the SEC: + +&#x200B; + +What the fuck are you people doing? Gary, if your intern or lower level grunt somehow gets this message in front of you. Hi, you have been on the job over 2 weeks now. I know you have a lot to fix but fuck man. You need to light a fire and get rid of the dead weight. I know it's hard to fire government employees but if they are cozy with the ones breaking the law, fucking get rid of them. The SEC shouldn't be a jumping board into Wall Street high paying jobs. You guys are supposed to be the good guys. You are supposed to be protecting the American/World traders. Did you guys forget who you serve and protect? I am a US Marine. I swore an oath to protect this nation against enemies foreign and domestic. You all are supposed to be protecting people like us. The rich get to make the rules. Demand you all get some fucking teeth. Jail time for criminals who steal from us little guys. They laugh at your fines. Fucking jail these assholes. + +&#x200B; + +&#x200B; + +# Direct message to Apes. + +&#x200B; + +&#x200B; + +# I'm writing this in large font for you all. DO NOT FUCKING BACK DOWN. We are right, the math shows it and do not let them off the hook. "They" fucked us in Jan and told us we have to take it. Guess what, WE DON'T. + +&#x200B; + +# I've been contacting my congress people, my representatives, writing letters/emails to DTCC, FINRA, SEC. I buy each and every week as many shares as I can. I'll continue doing so until people are held responsible and GME's share price is accurately displayed without fuckery. The problem with having this many moving parts to try to cover up fuckery is there are going to be mistakes. Hell, the NYSE President just said, "The price is wrong". Even the MSM is starting to sniff bullshit they are being fed. It's a matter of time until someone with integrity comes out with a piece. + +&#x200B; + +# We own the float multiple times over and we are getting more each and every day. They can't stop this, and they know it. This isn't us being cocky or dancing. This is us telling the system we know what you all did and continue to do.....and it's over. + +&#x200B; + +&#x200B; + +[For the record, the Ape being held captive is a shill.... lol](https://preview.redd.it/ub2cchsj1u571.png?width=1000&format=png&auto=webp&s=5501e7bc116887d09b89205cf2d5468acab29e3d) + +&#x200B; + +# Hope and Grit = Why we win + +# + +&#x200B; + +# TLDR: First off, do not post your positions on Reddit. Rule 9 in this community. The DTCC, SEC, FINRA, SEC, etc are all realizing this problem won't go away and it's growing each day. The longer they allow this to go on, the bigger the problem is growing. It's now grown to like fuck up the economy levels. Hope and Grit are the Apes secret weapons. We can't be bullied because of our Grit and we hold on so tightly because of Hope. "They" are realizing they can't fix the problem so they are going to have to figure out damage control at this point. + +&#x200B; + +&#x200B; + +# EDIT: This needs to be said. We are fine to use the terms "We" and "Us" . I'll point to the disclaimer rules in the sub on the right hand side. This quote is pulled directly from the disclaimer. + +&#x200B; + +**Any use of the words "we" or "us" is not evidence of manipulation.** We are not the ones manipulating the market. The use of words that suggest we are a group only references this community of people, who are individuals investing in the same stock, but as individual retail investors. This community is not a place to organize or manipulate markets and it never will be. It is a place for sharing publicly-available information and analyzing/studying that information as a community in a way that benefits everyone fairly and safely. +After years of poor decisions and some bad luck I have finally rid myself of all of my credit card debt. I didn't keep the record of exactly how much I started off with but I did track the balance monthly. My utilization was about 75% and I had way over estimated my ability to pay them down quickly. + +One thing that really helped was a temporary increase in income for a year, but I also got rid of an extra vehicle payment after getting divorced. Having extra money helps, clearly, but I was sure to keep close track of if and pay my bills and debt as soon as I got paid. + +My next short term goal is paying off my vehicle and an achievable long term goal is to pay off a mortgage in seven years. + +I mainly wanted to share how happy I am but I was wondering if I should deactivate a card or two? I have a $35k limit but my understanding is a higher limit helps the credit score. +I've seen so many posts along the lines of "I don't know what I'm going to tell my kids this year, we can't afford any gifts." I understand the struggle, I really do, due to circumstances my family is facing this year, gifts will be scarce, if any. As a child, Christmas was often giftless as well. But one thing I think we've forgotten is being able to spend time with your family is a gift of its own. I've little family now to spend Christmas with, and I've worked through many holidays until this year. Please don't take for granted the fact you can be there with your family this holiday. There's so many things you can do this year to celebrate the holidays without blowing much money. + +Baking is a fun and great way to spend time with your family. You can bake cookies as gifts, or bake over the weekend/holiday together with your family. Here's some butter-free cookie recipes I like to use, since butter is quite expensive now. [Peanut butter Cookies](https://bellyfull.net/peanut-butter-cookies/), [Sugar Cookies](https://www.food.com/recipe/grandmas-soft-sugar-cookies-11345), [Chocolate Chip Cookies](https://www.thefrugalsouth.com/easy-no-butter-chocolate-chip-cookies-recipe/), and [Oatmeal Cookies](https://getonmyplate.com/oatmeal-cookie-recipe-without-butter/#recipe). This [oatmeal lace cookie](https://addapinch.com/oatmeal-lace-cookies-recipe/) recipe uses butter, but yields 60 cookies. Its been a Joy to make cookies with my family, and we have gifted some at school/work. + +You can make homemade ornaments with your children to decorate the tree with, as well to keep for the years to come. Name and date them, you can make it a cherished tradition that will serve as keepsakes later. Depending on your budget and already available supplies, there's quite an array of ornaments you could make. [Pop sickle Stick Ornaments](https://www.funlovingfamilies.com/diy-popsicle-stick-ornaments/), [Construction paper ornaments](https://twitchetts.com/2020/10/construction-paper-christmas-crafts.html/), gather pine cones and paint them, or coat them in get glitter glue, your child's imagination can run wild. You can make a [Popcorn string garland](https://chaoticallyyours.com/string-popcorn/) together. If you can't afford a tree, there's tons of variations of wall trees you can make with various supplies. + +If alcohol is in the budget and you near an Aldis you can make this [3 i](https://2cookinmamas.com/easy-sangria-for-memorial-day/)[ngrediant sangria](https://2cookinmamas.com/easy-sangria-for-memorial-day/) (you can omit the fruit all together really) with their $3 wine. I also like to do a shot of [caramel vodka](https://www.totalwine.com/spirits/vodka/flavored-vodka/candy-ice-cream/smirnoff-kissed-caramel/p/126981750?glia=true&s=928) into a cup of chilled spiced apple cider. + +I love to put on holiday themed movies, bring out the cookies, pop some popcorn and watch with my family. We play board games, put on festive music, recall stories and laugh together. If we had a fireplace, we'd definitely have that going. Sometimes we put on Christmas music made in other countries while we do these activities, its rather amusing and interesting. + +Have the focus of your Holidays be centered around your friends and family. They won't be around forever, but material item's will always be available year round. + +Don't be afraid to reach out to your local food pantries and churches if you are in need of food. Your Christmas dinner may be far from traditional, but its far better than going hungry if it doesn't have to be an option. Check your local buy nothing groups, you may be surprised what people give away for free. +Hi all. + +**TLDR: I have found multiple companies (where some are offshore) which in some aspects link between Citadel, White Square Capital, a children's fund, a private Luxembourg bank which is now dissolved due to a history of corruption and other illegal involvement, Chrystal Capital and many others.** + +I decided to submit this via the u/SuperstonkBot because I feel like **if** this is true, and **if** I've just exposed something big, then I don't want to be targeted by bots or people attempting to dox me etc. + +For the record, I have a background in open-source intelligence as well as the cyber field within the computing sector. Public information is truly amazing. + + +# 0x1 - The Start + +If you aren't aware already, White Square Capital LLP has been recently 'dissolved' due to the fact that they shorted GME. People have been saying it is FUD, and I personally wanted to finally use my OSINT skills and dig into something GME related (as I haven't yet). I must say, the digging might have been worth it. Hopefully this information can benefit the people who form DDs, and those who have access to private sources to view any form of data **legally**. + +I do have to admit that finding this information was fairly easy. Let me remind the hedge funds that us retail investors are smart, and we're not solely 'investors', some of us just invest on the side and are somewhat knowledgeable in this sector. What differentiates us however, is the fact that we are 'investors' as well as 'gamers', 'artists', 'influencers', etc. We are multiple hobbies in 1. You are only 1 in 1, and we're beating you at your own game. When the financial system is proven to be corrupt to the public, not only will you be targeted by the majority of the humans on this planet, but you will be absolutely hated to the guts on **everything**. Whether this is your social media, or your hedge funds website, or your private contractor.. anyone in regards to this situation preventing a deserved loss will fall victim. SEC are still paying whistleblowers to step forward. All these hedgefunds are f\*cked, and they know it. + +I would like to point out that my experience within the cyber field instantly led me to believe that [https://whitesquarecapital.com/](https://whitesquarecapital.com/) was a decoy website. Reason being is that the website is low-effort, poor design, has lack of text, is unprofessional.. the list goes on. For some reason, it also has 2 "contact" buttons which don't even work. Whoever designed this website was clearly not paid enough. Or, it was intended but that only becomes true **IF** this is proven to be a decoy company that is being used for tax evasion purposes or is attempting to engage in illegal market trading tactics. + + +# 0x2 - Reconnaissance + +When you're presented with a decoy website, you're meant to perform your own format of scanning. This could be searching for endpoints (such as /home/ or /etc/) or anything that could include sensitive files on a domain. White Square Capital didn't have anything. + +Another form of scanning is port-scanning. The overall result of the port-scan will allow you to see whether there are any services running on the server other than just your standard web server etc. I have completed an nmap scan, and can see that the only ports that are running on this website are 80 & 443. These are default ports for website related things. Completely nothing else running; so there is nothing majorly suspicious to document. + +The second check consists of crawling the website. You click on various buttons to see if they work, and see whether they lead you to anywhere which shows you what sort of information is present and available to the public and such. Anything could **aid** your result. But, to no avail, all White Square Capital fed me was their bullshit CSS animations on the website. + +Lets look up the company via public UK company records. This should lead to something, surely? + +The company White Square Capital LLP was assigned company number [OC372239](https://find-and-update.company-information.service.gov.uk/company/OC372239) and is still currently labelled as 'Active'. +If you take a look at the filing history, you'll see that we can see "Full accounts made up to 31 March 2020" which was published on 29 March 2021. If you view the **.pdf** file, and go to **page 6**, you'll see at the bottom "**Rees Pollock**" who are "Chartered Accountants" and "Statutory Auditors". Nothing abnormal -- **yet**. + + +# 0x3 - Rees Pollock Redirect + +This is ultimately where the story takes a twist and splits into 2 roads from 1. I googled "rees pollock" to see if I could find anything on them, and I could. However, when I go to [https://www.reespollock.co.uk/](https://www.reespollock.co.uk/) it's a redirect to [http://blickrothenberg.com/](http://blickrothenberg.com/) which is a tax, accounting and business advisory firm. I mean, nothing weird other than the fact that somebody who allegedly performed audits on a decoy-looking company, is now also looking like a decoy - that is ran by a big company called Blick Rothenberg. I'm trying to find a direct connection between these two other than a website redirect, but nothing yet. + + +# 0x4 - "Off to the shore... I'll be back later." + +This is the finding. This is the section which has hot info (as well as 0x5). I saw somebody on Reddit literally today using the offshore leaks website to try connect the dots with companies that could be related. I did the same, and was surprised. + +So obviously, Rees Pollock sparked my interest. I decided to search for them to see if I could find any offshore companies related to Rees Pollock.. and well.. + +[https://offshoreleaks.icij.org/nodes/10015249](https://offshoreleaks.icij.org/nodes/10015249) = "POLLOCK HOLDINGS LTD." +[https://offshoreleaks.icij.org/nodes/10055000](https://offshoreleaks.icij.org/nodes/10055000) = "POLLOCK S.A." + +Obviously, at the moment all there is, is 2 off-shore companies with the keyword "POLLOCK" included. + +BUT, what if I told you that the agent that was used for those companies has actually been dissolved since March 2018? That's right. They were [under investigation for corruption](https://citywireamericas.com/news/j-safra-sarasin-private-bank-under-investigation-in-brazil-corruption-case/a1287937), as well as [getting fined for breaches in regards to monitoring business relations.](https://www.finews.asia/finance/34254-mas-fines-bank-j-safra-sarasin-for-money-laundering-breaches-aml-cft) Interesting.. but who else happens to have that exact same agent for an offshore company? Well.. ladies and gentlemen... [Citadel Investments Group Limited](https://offshoreleaks.icij.org/nodes/10185615). I have no idea if Mossack Fonseca was a common agent to use for offshore related activities, so do correct me if it's common to see them pop up or not. + + +# 0x5 - Additional information + +This is the section which includes information that I found which I can't seem to fit in anywhere (or just to link it somehow). + +Omnium LLC used to be called Citadel Solutions (September 9 2009) + +Whilst performing random recon, there were individuals with LinkedIn profiles who worked at Citadel, with links to "Chrystal Capital LLP". There is also an offshore company called "Chrystal Services Limited" which happens to be registered to the exact same agent again. Mossack Fonseca. This is the only "Chrystal" key-word firm that is assigned this specific agent. Every other firm with "Chrystal" in their name does not have Mossack Fonseca as their agent. + +I found an individual by the name James Douglas Innes. I am seeing appointments for Chrystal Capital Partners LLP, Chrystal Capital Property Limited, Chrystal Capital Limited, Chrystal Capital Nominees Limited, **Starlight Children's Foundation**, Peridot Acquisition Company I Limited, Peridot Acquisition Company II Limited. + +I found a news article from 23 October 2016 regarding Starlight Children's Foundation. [Check the bottom](http://www.rbc.com/newsroom/news/2016/20161023-r4tk-australia_cnews.html). **Citadel**-Magnus is mentioned. In case you think this is a coincidence, Citadel-Magnus also happens to be a financial firm. + +Could someone [check this](https://www.miaxequities.com/sites/default/files/alert-files/MIAX_Options_Listing_Alert_New_Class_Listings_04.2021.pdf) and let me know whether there is a link between Citadel Securities LLC and Peridot Acquisition Corp? My ape brain can't understand this data here. I just checked Google and Peridot is a "blank check company". Nice. + + +# 0x6 - Final Thoughts + +I been clicking links and digging all day with little breaks. This was very interesting. I seriously do think I have found some useful data. I also have a **strong feeling** that they are using these companies to trade stocks between themselves, as well as tax evade, and execute any other illegal market tactics. I personally think there are many more companies to unravel and expose, with much more information that could help us out to see the truth. + +Please fact check everything I have included. From as far as I am aware, everything seems to check out as stated. This is **NOT** financial advice. + +P.S: If anyone wants to help out, go check out the people that are registered under White Square Capital LLP and do some digging on them. Post your findings in the comments. I will see them, and include them in my future post if this does well and is actually accurate. + +--- + +***This is not financial advice!*** +*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team. +Submitted posts are unedited and published as long as they follow r/Superstonk rules.* +Groupon stock is skyrocketing again, this time spiking more than 40% following the news that Chinese e-commerce giant Alibaba purchased a 5.6% stake in the online deals company. + +Alibaba purchased 33 million shares in Groupon, according to SEC filings that were posted after the market closed on Friday. Alibaba holds stakes in multiple US companies including the augmented reality headset Magic Leap, Amazon competitor Jet.com, and Uber rival Lyft. +After shaking up its executive structure and promoting Rich Williams to CEO in November, the company has focused on streamlining its global footprint and increasing its marketing while moving away from daily deals. And with $917.2 million in revenue in Q4 against expectations of $845.9 million, the new strategy appears to be working. +Hi all, + +I'm a casual /r/investing lurker who's subscribed here for the professional VS professional debates on stock viability, IPOs, long term strategy, and market deliberation threads (and other professional topics I'm not always aware of). I'm here to learn, and to learn by observation. Recently I've considered unsubbing because of the gigantic influx of "halp me I can't read a side bar," posts, and am thus putting a proposal forward to ban and relocate beginner investment threads to a more appropriate venue. Is there a better subreddit for me to observe? Am I being unfair by asking the mods to moderate these nonsubstansive, lazy posts out of this community? + +Looking forward to reading your comments. Cheers. + +Edit: I had a thought concerning post title formatting: /r/listentothis has one of the strictest formatting conventions, down to the point where if you don't double hyphenate your post is auto deleted. Could we build a similar system to encourage more systematic discussion? + +Edit 2: I hope the overwhelming response both in the form of upvotes and solidarity in comments leads the moderators to open a formal discussion thread to make a democratic decision about how best to deal with these posts. My conclusion from the majority opinion here would be moving post submissions into a formal format. +I was not sure to tell my family I had bitcoin. Then my dad tells me how Bitcoin has no value and is going to collapse sooner or later. I mean, sure there will be dips, but long term looks promising imo. +Then aside he tries to win the lottery and buys a ticket every week. I mean, nothing wrong, to win you have to participate. + +But then he shouldn't say that it's dumb to invest in Bitcoin lol... Let's say I won't tell them that I invested in Bitcoin for now, even though I got more returns than he did 🙃 + +Edit : he's not a stupid person, it's more that he never really liked risky investments (even bonds). It would make him worried that I have some money in cryptocurrencies (even though it's an amount I'm okay to invest or even lose). I could say lottery is his "péché mignon". But as long as you don't win anything, in a rational point of view, it's not as good as btc. Sorry if I expressed myself incorrectly, I love my dad ! + +Edit 2: Thank you for the awards! 🤯🙇🏼‍♂️ +Full report can be found here: [https://blog.zerononcense.com/2019/02/28/quadrigacx-ethereum-storage-found](https://blog.zerononcense.com/2019/02/28/quadrigacx-ethereum-storage-found) + +This report was also submitted to the Kraken $100k challenge as well: [https://blog.kraken.com/post/2155/were-offering-a-100000-reward-for-discovery-of-quadriga-coins/](https://blog.kraken.com/post/2155/were-offering-a-100000-reward-for-discovery-of-quadriga-coins/) + +# Report’s Findings + +&#x200B; + +***The following wallets belong to QuadrigaCX, definitively:*** + +1. 0x0ee4e2d09aec35bdf08083b649033ac0a41aa75e +2. 0xd72709b353ded6c8068cc78988613587a4cae8de +3. 0xb6aac3b56ff818496b747ea57fcbe42a9aae6218 (current hot wallet) +4. 0x027beefcbad782faf69fad12dee97ed894c68549 (former hot wallet) +5. 0x45cab8d124fce8663581172c614f2ee08d01d48e +6. 0x696dd748a2edd9692ed93bd592dd2f293483eada +7. 0x0247bc4e03142079cfa2e3daf500722ed0f9a6b2 +8. 0xd543154fb94528c4fc54b9c27128c2d86c6322be +9. 0x67fC93fD01A15D9FB02a80D0AE6207fB45625be4 +10. 0xb90a82ec61627885eab72f4253939285ba40c91d +11. 0x79855af491352646e73bd12d7b92d6c814e71b4c +12. 0x57b727dc48b5d9261958e0fb9f94fa02dc328bf6 + +&#x200B; + + None of the above wallets are customer wallets and the report provides in-depth explanations for why they are not customer wallets with corroborating statements from Jesse Powell, the owner of Kraken Exchange. + +&#x200B; + +Altogether, a cumulative ***649,708 Ethereum*** was sent to Kraken, Bitfinex, and Poloniex directly by QuadrigaCX, which was worth a ***total of $100,490,150 at the time of transfer.*** + +This report does not imply that there was any nefarious intent behind the transfers or that these exchanges are in collusion with one another. + +Rather to the contrary, this report believes that Jennifer Robertson, the Court Monitor, and all other related individuals at QuadrigaCX were and are unaware of the fact that Gerry Cotten sent these funds to these exchanges. + +The manner in which they were sent is consistent with the t***heory posited in Jennifer Robertson’s affidavit that they were sent to these exchanges as a means of storage.*** + + + +***It is worth noting the date of the last outgoing transaction of the following wallets:*** + +1. 0xd72709b353ded6c8068cc78988613587a4cae8de **(December 3rd, 2018)** +2. 0x45cab8d124fce8663581172c614f2ee08d01d48e **(December 8th, 2018)** +3. 0x0247bc4e03142079cfa2e3daf500722ed0f9a6b2 **(December 3rd, 2018)** +4. 0xd543154fb94528c4fc54b9c27128c2d86c6322be **(December 8th, 2018)** +5. 0x67fC93fD01A15D9FB02a80D0AE6207fB45625be4 **(December 8th, 2018)** + +The date of the last outgoing transaction for the following wallets is of interest in these cases because ***Gerry Cotten died on December 9th, 2018.*** + + + +### Total Amount of Ethereum Sent to Kraken, Poloniex and Bitfinex + +1. In total, Bitfinex received **239,240 Ethereum** ***($85,307,293 at the time of transfer)*** **from QuadrigaCX.** +2. In total, Kraken received **84,248 Ethereum** ***($16,051,305 at the time of transfer)*** **from QuadrigaCX** +3. In total, Poloniex received **326,220 Ethereum** ***($27,723,564 at the time of transfer)*** **from QuadrigaCX.** + +Altogether, a cumulative ***649,708 Ethereum*** was sent to these three exchanges directly by QuadrigaCX, which was worth a ***total of $100,490,150 at the time of transfer.*** + +***In today’s value, that Ethereum would be worth $90.3 million.*** + +# +He talked the class through the entire concept, from Satoshi's white paper to the importance of decentralization. He also explained that transaction fees and confirmation times suck right now, but that there are solutions coming very soon that'll (hopefully) fix all of that. He even mentioned that there are many forks that aren't nearly as popular, "like Bitcoin Gold, Bitcoin Dark, and Bitcoin Cash." + +Besides that, he also talked about the future of blockchain technology as a whole and how it can help make identities, contracts, etc more efficient and more secure. Overall he did a really good job of explaining what all of it is and why it matters, and cutting through all the FUD of *OMG Bitcoin is dying right now RIP*. + +This guy is a professor at a major state university, but he used to work in the traditional finance industry. He has spent most of his life making a living off of fiat, so it was really surprising hearing him talk about how Bitcoin is the way of the future. +If Shitadel has to maintain liquidity levels at 100 for X number of open naked short positions, and say over the next few months, they issue another X number of naked shorts, then the liquidity level is a constant ratio so that level is now 200 (assuming a constant price). Right? + +So if n = a ratio of short position value to collateral amount + +Collateral liquidity requirement = n (price of stock * number of shares in open short positions) + +So if the goal is to bust through the liquidity requirement, then you need to make the right side of that equation above bigger than Shitadel’s ability to put up the amount on the left side of the equation to trigger a margin call. This can be done by: + +A) raise the price of the stock + +Or + +B) increase the number of shares in open short positions + +Or + +C) Both + +It seems to me that shorting the stock which increases number of shares would be contributing to getting closer to bust liquidity so that’s suicide. + +Shorting the stock would need to very effectively suppress and decrease the price. But again, I don’t think that works after a while because you’ve put so damn many shares out there that you’ve turned this microcap into effectively a large cap stock with 3, 4, 5 times the shares? So you’ve created a monster so heavy you can’t even move it anymore. It’s got too much momentum now. Your own cheat is working against you. + +Sound right? + +EDIT: I put up 3 options (well two with a combo of the two as the third) as ways to overtake the collateral level but I thought of a 4th one. If the collateral is not just a mass of cash, but securities like stocks…. Then a significant market downturn could also contribute to tilt the equation to reduce the value of that collateral (if it’s a portfolio) below the required level could it not? +Edit: Thank you to everyone for your responses. I learned quite a bit, and will just keep quiet for now. I will probably be an authorized user on the account. If it shows up as an inquiry, I will close it and move forward from there. Thanks again! + +I guess the title sums it up. I work for a small business with only 8 corporate employees. + +My HR Manager and I were out conducting interviews for my department yesterday and I mentioned how one of my employees needed petty cash to travel for an assignment next week. He let slip that our owner requested not only my social, but that other employee's social as well, and that he *thinks* he is applying for a company credit card for each of us. Further, he requested that I not mention it to our owner that he let it slip, because he imagines it might be a surprise. + +So, I did some research. From what I'm reading online, it will reflect as an inquiry on my credit report, and if they don't pay on time, it will ding my personal credit score and stay with my history. I don't want to sound selfish, but I've worked hard on my credit score. Also, I'm planning on purchasing a car in June and I don't want this to damage my chances on a good APR/loan. + +The card would be helpful with my needs in the office and how much I order online, but I'm worried about this situation. How do I address this? Do I let the boss know I know? I really don't feel comfortable with any of this. + +Thanks for the help! +If I have a favorable call option, when the time comes for me to buy and its favorable for me, does that mean there is always someone on the other end (a trader) who is receiving the shit end of the stick? +I work in the title/escrow industry volume has slowed down due to rates going up. We’re getting 2months severance till July. I feel deceived by my supervisor who always seemed to be my friend. LESSON LEARNED. This was the best job I ever had. Working from home I’m a cancer survivor & have ibs due to cancer meds. I had plans to move in July. Dream deferred. I’m going to make sure they pay me every cent till July. Yeah I’ll start applying but won’t make myself available till July. I feel like my supervisor slapped me across the face repeatedly so many LIES. I guess this is normal. So my fate is to live in a dump till I take my future into my own hands +Thank you for reading +I'm struggling with trying to figure out a good method of doing personal finance and tracking when I use a credit card for all my purchases (for points and cashback). + +Seems like most personal finance software and cloud services are not geared toward that type of spending. + +What do other people use software wise to manage spending when you use the credit card for all of your spending (except when you make pay off your CC balance every month). + +thanks! +Married with a 3-year-old and 1-year-old. We currently both work and rent in a very high cost-of-living area, but with the pandemic we have the opportunity to move anywhere and work remote (while giving up the greater chance at promotions since we won't be in the office), hopefully without our salaries being adjusted. Combined gross salary $250k. We're considering Florida (suburbs of Orlando, Tampa or Jacksonville) or Charlotte area. Financially speaking, Florida appears to have a big edge. It looks like we'd save $12k a year in FL over Charlotte with no state income tax. Also, it looks like FL has a college scholarship program that covers 100% tuition if you stay in state and have the grades/test scores to get into UF/UCF/FSU (will that still be in place 15 years from now?). UNC/NC State look like $10k/year tuition (and probably much more than that by the time our kids are college age). Obviously have to factor in housing cost/property taxes, but those vary. Am I missing anything else here? +Would love some advice on my current situation: + +My fiancé (M32) and I (F28) are getting married next year and his parents have generously decided to give us $50,000 to help pay for the wedding and put a down payment on a house (or whatever we want to do with it, really). + +We currently live in a small town on the Sunshine Coast of British Columbia in Canada but will be moving back to Vancouver in July (2015) as he is about to start his PhD in September and I am looking at 2 more years of pre-med classes in the fall as well. + +I'm currently working as a Registered Nurse (just graduated last spring and have a ridiculous amount of student loan debt already.. 55,000 educational line of credit) and he is a Mental Health and Addictions Worker with just a little bit of money owing on one credit card). + +Basically, we're both kind of torn with what to do with the 50,000. Although I'm looking forward to having our friends and family together to celebrate our wedding, I'm not crazy about the huge price tag that comes along with actually throwing a wedding. + +So basically we were thinking of allotting $20,000 for the wedding and honeymoon (3 weeks to Iran) and then putting $30,000 towards a down payment of a house. + +We eventually want to end up back on the Sunshine Coast (would love to eventually practice up there) as the cost of living is SO MUCH cheaper than it is in Vancouver. But for the next few year we will be stuck in Vancouver in school.. + +So basically I'm wondering, if you were in our shoes what do you think you would do? + +How much would you allot for a wedding and what would you do with the left over money? + +Would you buy a place in Vancouver and live there until you wanted to move back to the Sunshine Coast, or would you buy a place on the Sunshine Coast that was bigger and cheaper, and rent it out until you wanted to move back? + +We also thought about possibly investing the $30,000 until we were done school and then buying. + +- Side note: his parents will most likely be paying our rent while we're in school. + +- I've been reading how the housing market in Canada is expected to crash in the next few years as it did in the U.S. so that's why I'm feeling even more apprehensive about buying a place in Vancouver. + +Any and all recommendations or words of wisdom would be much appreciated! I come from a humble background and have been taking care of myself since 16. Just don't want to fuck this up! :) + +Thanks! + +(Typed on phone, apology for any errors) +I'll just cut to the point: If someone just inherited ~$70,000, how would you advise them to utilize it best? If they're fairly ignorant about finances, then should they go to a financial advisor? + +Financial Sitch: +-In late 30s +-2 sources of income +-Only debt is a mortgage, which is well within means; no student loans, car payment, or cc debt +-Good credit score (700+) +-College saved for kids +-Retirement is only 401k that company matches +-No investments +-No passive income + +Goals: +-Use a little bit to travel +-Use a little more for repairs/upgrades to house +-Begin investing +-Create additional income streams +-Retire as early as possible +Hi everyone, + +I am really new to all of this. + +My current employer offers 401k and they match 5%. I contribute 7% and they contribute 5% but together it doesn’t add up to $19,500. Should i contribute more or just contribute the same 5% like my company? + +As for HSA, I don’t really go to the doctor much or take medications. Should I try to max it out every year $3,500? My employer gives me $500. I think it rolls over from year to year if I don’t use it right? And it lowers my taxable income? + +After all of this, should I contribute to Roth IRA? I am looking at fidelity. +Also what is back door IRA ? + +I want to save for a house one day too. + +Thank you :) +I'm a 35-year-old woman in L.A. who makes $16.50/hr at a temp admin job. I have a BA in journalism (2013 grad), but I have ZERO work experience, not even internship experience. + +**WORK HISTORY BETWEEN SUMMER 2018 AND FALL 2020** (Let me just say that I absolutely, 1000% tried desperately to keep all these jobs. I was a nervous wreck at my jobs. I even studied notes at home to try to learn the different processes, but I just didn't get up to speed fast enough in the minds of my supervisors): + +1) Wax salon receptionist for **THREE DAYS**. Fired for not learning the job fast enough/not being a good fit. + +2) Admin asst/receptionist at a CPA's office. **Fired after FOUR DAYS** - again, the reason for termination was that I just wasn't "getting it" fast enough. + +3) Admin job (TEMP) at an autism learning center. **Fired after TWO WEEKS** because I asked about the internet usage policy and the office manager took that as gossiping/inappropriate discussion. + +4) Admin job at a trucking company. **Fired after THREE WEEKS** for not "getting it" fast enough. + +5) Admin job at an electrician's office. **Fired after FOUR MONTHS** because I kept making mistakes and still hadn't gotten the job procedures down pat. + +6) Non-profit admin job. There for **ONE MONTH** until COVID closed the place down. + +7) Admin job at a hearing aid clinic. **Fired after ONE MONTH** - "not a good fit." + +**DEBT**: About $24,000 (car payment, school loan, back taxes, and credit card I lived on while unemployed). + +I have about $6,000 in my bank account, living rent free at the moment but will need to move out around April/May. (Studio apartments in L.A. typically go for about $1,500) + +Would you recommend paying $1,399 to take a three-month-long vet assistant class? Should I instead use the degree I already have and work on writing samples to apply for content writing jobs; save that $1,399 and put it toward renting an apartment? OR, would this be a good investment in a career with potential? +Hi, my dad, who just turned 85, is finally retiring! He’s accumulated a modest retirement amount via his company’s 401k. My question is when he retires does have to (or should he) rollover his company 401k to an IRA? Or does he keep it there and just withdraw annually as needed? +Hey guys, I'm from a small European country with bad economy and it seems to me that North Americans are rather wealthy. +I feel that someone doing unskilled labour in the USA is living the same quality of life than someone who has a degree and does some kind of office job here. + +Average monthy income in my country is $600 after taxes. You can earn this much if you are skilled and have a trade school degree (mechanic, carpenter etc.) or if you have a college degree and doing entry level (junior) office jobs. + +-basic 1 bdr apartment $270 with utilities + +-Gas $75 + +-Groceries $175 + +-Household supplyies: $15 + +-Clothing: $20 + +-Going out: $30 + + +Got $15 left, but we can safely assume that it's all gone, no way to save money. + +Money could be saved by moving in with someone, but even though that only means saving $100 / month. Or by living with parnets or owning a flat, the latter costs 10 years of renting. + +So growing up seeing these conditions I'm enyvous of young adults from the states earning $10 an hour and don't understand their financial problems. In the States only the rent and going out is more expensive and the latter is not essential. Of course if you make $1600 in SF then I can understand it is not easy for you, but if you pay $500 for rent then where does the $1k go? + +Investing / Retirement Advice? + +Hello all, + +I am needing some advice as to how to proceed with our savings / investing habits. + +I am currently 29 turning 30 in 6 months. + +My wife and I currently have 55k saved up. Investments about 6k (401k). + +I make 105k a year (base salary) and my wife makes around 48k a year (base salary). + +I am currently putting 4% in to my 401k ( with company match) rounds out to $8.4K and my wife has 3% or $2.9k (with company match) a year. + +We’re saving about about 2k-3k a month extra (straight in to our savings). But at this point I am starting to think we need to invest some of this money instead of just putting into our savings. + +We don’t have any major debts other then our mortgage and my student loans. (45k total in student loans). + +A part of me thinks we should just keep our 401k (and try to max it out every year for tax advantages) and use our current savings to pay off most of my student loans (and save up again for emergency). + +Once my student loans are paid off use the extra 2-3k a month towards the mortgage instead of savings (once we have our emergency fund again). + +Or continue what we’re doing and just split the 2-3k between adding to our savings, paying off the mortgage/loans, and putting in an investing account. + +What do you suggest? +Rent or buy? + +I’m (22M) a senior in college and graduating soon and plan on moving away for work. Let me start off with I’m not super knowledgeable in this area hence the post. I’m debating whether I should buy a cheaper house and build equity over time or if I should just rent a house instead. + +My initial thought was to buy a cheaper house because why throw money away in rent when I could be building equity instead. I would not be able to put down 20% for a mortgage to avoid PMI insurance and what not (not to mention closing costs) but the idea of renting vs. building equity doesn’t sit well with me. As of now, I’m leaning more towards renting and I’ll explain why below. + +A little more background, I’m a nursing major so I’m not worried about the job market and my starting pay will be respectable out of school, but I’m still undecided. Any advice or insight as to what the housing market might look like in the next 5 years? I don’t want to commit to a mortgage, have the housing market crash (which I think is propped up at the moment due to relief funding) and find myself upside down in a mortgage. + +Any and all advice welcome. Thanks! +So, backstory. I️ co-signed on my ex’s car (we were together for 3 years at the time. yes. I️ know. So stupid). He made his payments on time every month up until the month I️ left him and moved out. Predictable. This was November 2016. He has yet to make any on time payments. Other than sporadic large payments 2x in the past year to catch up the account. There has been a repossession order on the vehicle for over a year. And I’ve given Toyota every info I have on where to get the car. But. Nothing. He still has I️t. Still isn’t paying I️t. Still ruining my credit. My score has gone from 650 to 438. I️ need to know what my options are for fixing my credit. + +Can I️ remove myself from the loan as a co-signer? + +Can I️ force them to pick up the vehicle? + +I️ feel I️t would be easier to fix once the account is closed out but until then I️ feel helpless. I’d appreciate any and all input ! +# Weekly Property Mega Thread + +\-=-=-=-=- + +Welcome to the [/r/AusFinance](https://www.reddit.com/r/AusFinance) weekly Property Mega Thread. + +This post will be republished at 02:00AEST every Friday morning. + +Click here to see all previous weekly threads: +[https://www.reddit.com/r/AusFinance/search/?q=%22weekly%20property%20mega%20thread%22&restrict\_sr=1&sort=new](https://www.reddit.com/r/AusFinance/search/?q=%22weekly%20property%20mega%20thread%22&restrict_sr=1&sort=new) + +# What happens here? + +Please use this thread for general property-related discussions, such as: + +* First Homeowner concerns +* Getting started +* Will house pricing keep going up? +* Thought about \[this property\]? +* That half burned-down inner city unit that sold for $2.4m. Don't forget your shocked Pikachu face. + +The goal is to have a safe space for some of the most common posts, while supporting more original and interesting content in their own posts.Single posts about property may be removed and directed to this thread. + +\-=-=-=-=- +Hello all, + +I live in Adelaide and I recently got a targeted add for a house for rent for $650 per week. This house is worth 1.4m dollars + +Then if we look at the lower end of Adelaide say davoren park one of the worst rated suburbs in Adelaide. I know people that live there it has a bad name but it’s over exaggerated. + +Rent price $330 for a house that is worth 270k + + +Seems bizarre that the cheaper house is much closer to %10 of sale price + +We’re as the more expensive house is close to 5% + + +I almost think this is terrible. Not much stopping me from buying an IP in davoren park and renting it for $330 a week and just stump up a big deposit so it’s positively geared. + + +What I’m trying to say is I think rents are too high. I’m a home owner and think if I bough a $270k house I should rent it for around $230 a week. + +I guess all the owners look at houses as investments, must cover the mortgage or have been owned for ages and the rent far exceeds the mortgage. + + +Feel bad for renters or long term renters. +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. +Yay! Lawsuit number 4? The other 3 came certified mail. This sucks. I’m filing Chapter 13 next week so it should Pause this and make it irrelevant, but it’s still stressing me out knowing some guy is out looking for me. + + +Also in collections with like 19 different collections companies. Owe near 150k. Have nothing :( + + +I swear even if I ever build up a savings I’m always gonna have ptsd from the constant anxiety of being broke. +I don’t need an apartment complex with an expensive pool, expensive little pond with ducks, expensive landscaping, all the extra nonsense that makes my rent/cost of living unnecessarily higher. + +I just want a small 1 bedroom house/apartment with just the basics! Toilet, shower, a/c, oven, a parking space or two and a porch. Regular floors, regular walls! It just sucks that the cheaper option for housing is living in a dangerous area or somewhere far away from work/life +I transferred my shares to fidelity from webull and surprise surprise, my cost basis is wrong and the dates of acquisition are wrong. According to webull I bought multiple shares of Gamestop on 1/11/21, about three weeks before I opened my brokerage account with webull. Keep excellent records and be prepared for things to make no sense at all. Be careful out there. + +TL;DR: share price is wrong and dates of acquisition are wrong post-transfer. +I've been debating to post this or not but I feel sharing it and writing this down will help. + +I've been really depressed for months and always have suicidal thoughts throughout my life and last week I was feeling very low and heard of all this GME and the positivity of it all and down with it, I was in need of a little happiness and good fortune while helping others at the same time. + +I don't have a lot but I put in everything I had $100 @ 338 and then $400 @ 330 to hold for a longtime and then bought more, the money I needed to live on to try cover my loss as I thought it would go up within a few days. I own 3.28 shares. With a -$650 loss starting with $900 + +But Its now looking like I will have to sell everything at about $90 as I'm completely out of money and in debt. + +I feel sick, cheated and now even more broke and broken. + +It's not right the criminal activity and manipulation of the hedge funds lowering the value of the shares! + +The incorrect information and lies from mainstream media and manipulation to drive people not to buy resulting in the share value going down. + +Restricting free trade by many trading apps not allowing people to buy and only sell. +Hugely impacting the value by causing panic and mass selling resulting in the value of shares going down. + +Where is the justice and hope for the small people if we are restricted from fair trade. + +Hope it rockets after I'm out you all make life changing gains if I wasn't in debt and broke I would hold + + +Edit: I know it was completely my mistake putting the money i needed in. And the blame is completely my own and I will suffer because of that. I've never gambled before but then we could say everything we do in life is a gamble. But I thought of it as a investment to hold and something to actually own. + +900 is a lot for me as I currently don't work due to my mental health. I'm a ex soldier and 33. +I did do my research and wouldn't say I'm dumb just a very bad, stupid decision after the money i was going to hold with. Maybe my mental health played apart of that or I was just not thinking in the moment. + +Thanks for the positive comments and messages from others that have suffered also. +And thanks for constructive criticism it helps also. + +To all the ppl telling me to hold out longer I wish I could. + +[screenshot](https://i.ibb.co/qMx9Vms/Screenshot-20210203-234130.png) +What's your view? + + +Is the stock market going to drop again? + + +Source: [https://www.theguardian.com/world/2022/jul/23/monkeypox-who-declares-public-health-emergency-of-international-concern](https://www.theguardian.com/world/2022/jul/23/monkeypox-who-declares-public-health-emergency-of-international-concern) +Discussion is taking place on /r/DarkNetMarkets right now. How much was stolen is not yet known but it's estimated to be in the millions. + +More info here: + +http://www.reddit.com/r/DarkNetMarkets/comments/2zeuxo/complaintwarning_evolution_admins_exit_scamming/ +I'm not involved in Celsius in any way. I had no funds nor did I particularly care about them either way. I thought perhaps some of the things they were doing may have been too good to be true, but my decision to stay away was more out of laziness than anything else. However, their presence across crypto was enormous, so I have been following their collapse over the last few weeks. + +Yet despite FTX walking away from a buyout, Three Arrows Capital filing for bankruptcy, the LUNA collapse, a massive FUD campaign with facts and false stories, they might be about to navigate an escape. + +3AC seems to be the real perpetrator here - they borrowed heavily from Genesis, Voyager, Celsius, BlockFi, Babel and Deribit. They absolutely degened their way through the bull market and exposed the risk of the lenders. + +I'm unsure where they are getting the funding from, but in the last day or two, Celsius has repaid more than $60m worth of their own Bitcoin loan. This has brought the liquidation price down to less than $5k. The liquidation price was $22k only a few weeks ago. To bring it down this much is an absolute massive effort, and I believe that is an effort worthy of respecting - even if you're not involved in Celsius like me. + +&#x200B; + +[ ](https://preview.redd.it/vsx955f0pv991.jpg?width=922&format=pjpg&auto=webp&s=486314a1b9d5ff9aacdb9678cca4546abd5387b9) + +&#x200B; + +I'm not about to start trusting them, and storing my own coins for a small APY, but if they can get out of this, I hope they will have learned their lessons for the future. +The narrative "Money can't buy you happiness" which has been fed to us and has become a dogma in every culture, amongst people of each and every socio-economic level is wrong. Money might not hand over happiness to you, but it gives you the possibility to have happiness, that freedom to make choices which can make you happy isn't something that you'll get from anywhere else. + +"Money can't buy you happiness. You need to follow your passion" - Everyone +In search of this mysterious thing called passion which is nothing but consistent practice done by individual that over a period of time, generally before they are 18, they start associating it with their identity and think that it is something they are good at *ahem* familiar with *ahem* so they'll pursue it as a career instead of researching their expected returns. Most people on these paths are clearly doomed. Are you about to explain how John Mayer, or some other artists followed their passion and became successful? Well, let me tell you that they were following their passion along with some job like working at a gas station which was paying their bills to follow that passion. Surely, they weren't making much but they were getting enough money to buy them time to follow the passion which might or might not have made them successful. + +Dreams don't pay the bills. Am I sounding old school? Well, try doing that, I don't know if it would or not but Money does. It's the only way in this world to get your basic human needs met unless you're ready to live the life of our hunter-gatherer ancestors. Even worse is telling young people to throw away their option to choose freedom that money provides for the "perciveable" freedom that following your passion as your sole career comes with and leads you down to misery. + +I am fairly certain that the Stoics considered money to be a preferred indifferent, meaning that all things being equal, it would be better to have it than not have it (like health). I agree that money isn't something which inherrently makes you happy and theirs more to happiness like health, friendship, love, etc. But if you think about health, you can't have good health if you don't have money to buy good quality food, and lack equipment or membership to gym to stay fit just because you have limited money or maybe they are simply out of your reach. You can't maintain friendship or any relationship if you have to think about spending on every dinner or movie night. You'll be stressed to death if occasional splurge is something you can't even think about. In all of these cases it's not like that money handed over happiness to you, but it at least gave you the freedom to make choices that can make you happy. There are people who will eat junk food with all their money and ruin their health or be jerk around people even though they have money. So be it. They'll not be fullfilled in that aspect of life. + +[Data is beautiful ](https://stoichuman.com/money-cant-buy-you-happiness-is-an-oversimplified-bullshit/) +For all the new GME investors who might be slightly confused about why and how the hedge funds have gotten themselves backed into this corner.. Melvin and friends thought that GameStop was a failing company, so they decided to short it's stock. They got so greedy, they decided that they would short the company by more stock than actually existed (naked short selling), such was their confidence that GameStop was worthless. The very act of doing this, if it hadn't been discovered might very well have driven Gamestop into bankruptcy, with the company still being viable. When a company goes bankrupt, the short sellers don't haver to buy back or return the stock, so if GameStop had been driven into bankruptcy, this dirty illegal tactic they used might never have been exposed. By not having to buy the stock back, they make maximum profit on their short trade, and don't even have to pay any taxes on their profits. This is a short sellers wet dream. Tens of thousands of people lose their jobs, homes get repossessed, suicides increase, families devastated, all while Melvin and his buddies eat caviar, sip champagne on balconies and count their ill gotten gains. It really is the devil's work what they do. But now that the hedgie's devious ways have been exposed and shared with apes allover the world, Melvin and his friends can never drive GameStop into the ground, so they will be forced to buy back the shares at some stage. And because they were so greedy by naked short selling, now they have to buy back more shares than actually exist. They sold fake counterfeit shares, but they need to buy back real shares, the shares we own. So even if you only hold 1 share, they need it. They need to buy every single share that actually exists to cover their position. And that is why 1 share of GameStop is worth whatever price you're willing to sell for, even if it's $500k and above. For the last few weeks, Melvin and friends have been using even dirtier tactics, trying to fool us all into thinking that they do not need our shares. Do not fall for this. They will use every psychological tactic they can to convince you to sell. Manipulating the price, turning off the buy button via RobinHood, paying media to say they have already covered etc. They are going to be using even dirtier tactics over the coming weeks, some that we haven't event thought of yet. All we need to do is hold ; nothing else, and get on with life + +Hope this helps people who don't really understand what's happening +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. + +**Note: This article was copied from [my medium article](https://medium.com/@jshocrypto/my-5-favorite-coins-under-5-million-market-cap-16c7004cdec8) and then formatted for Reddit. For the best reading experience [please read on medium](https://medium.com/@jshocrypto/my-5-favorite-coins-under-5-million-market-cap-16c7004cdec8). However, I wanted to format it for reddit so people could read it here on Reddit if they preferred. ** + +&nbsp; + +In this article, I will be sharing with you my 5 favorite coins that are currently sitting under a $5 million market cap. Before we get into things, I first want to cover all of my bases and say this is not investment advice. Please do your own research before making any investments. The coins I will be sharing are much riskier investments, so make sure to #DYOR. + +&nbsp; + +Please keep in mind that these are all very risky investments and are not your $100 million + projects. These are high risk and high reward projects that will require you to do your own research. These investments aren't for everybody, but I wanted to share with you my thoughts on these coins. + +&nbsp; + +Please [follow me on Twitter](https://twitter.com/jshocrypto) for more updates, articles, and my thoughts on various other crypto related topics. + +&nbsp; + +****** + +&nbsp; + +## 1. EquiTrader (EQT): $3.6 Million Market Cap + +This is my favorite project that is currently under a $5 million market cap. EquiTrader is a social platform for traders where they can share their ideas and get rewarded by the community. EQT comes equipped with trading charts, indicators, trading tools and other features which will make it easy to make technical analysis. You will also have the ability to shadow other traders and make automatic trades based on what they do. + +&nbsp; + +### Why I Like EquiTrader + +There are a lot of reasons why I’m bullish on EQT, the main ones our outlined below: + +&nbsp; + +**Perfect Product for Crypto** + +&nbsp; + +Having a social platform where traders can share their investment analysis and then get rewarded is a perfect concept for this market. I think that a lot of the major crypto influencers will get on this platform and utilize it, which will then in turn help EQT get bigger. Once the platform is up and running the “crypto OGs” will do a lot of the heavy lifting when it comes to marketing because it benefits them too. I’m a big fan of any crypto project where their main audience is the crypto market. This is an easy foot in the door and will allow the project to gain traction much quicker. I think EQT will do this as well. + +&nbsp; + +**Recently Acquired by a Major Crypto Influencer** + +&nbsp; + +It was recently announced that EquiTrader was acquired by Aluna.Social, which is a company owned by Alvin Lee (https://twitter.com/onemanatatime). Having a big player behind the platform will be extremely beneficial once the platform is launched and he can start promoting it. Plus this adds a lot of credibility behind the project as well. I’m a BIG fan of this news. + +&nbsp; + +**Many Upcoming Catalysts on Roadmap** + +&nbsp; + +Public release of the EQT platform is planned for Q4 of this year and I’d expect a lot of traction to start at this point. In Q1 of 2018 they will release the iOS and Android apps, Q2 the beta of the social trading platform will be released (huge news) and then in Q3 the social trading platform will be released to the public. +We have at least a whole year of upcoming catalysts that will all have a major impact on the price. + +&nbsp; + +**Currently Only Trading on Coin Exchange** + +&nbsp; + +At this point you can only buy EQT on Coinexchange.io. It was listed on Cryptopia previously but when they did a coin swap they were removed. Why is this a good thing? The EQT team is in discussion with Cryptopia to be added now that the swap has been completed. Once this happens I’d expect a major pump. This will happen very soon so the major discount that EQT is currently trading at probably won’t last long. + +&nbsp; + +**Proof of Stake: 30% per Year Returns** + +&nbsp; + +As mentioned above, they recently did a coin swap and went from a PoW chain to a PoS one where you can get 30% annual returns from staking. This is an awesome return. I have already seen some great returns from staking. + +&nbsp; + +### What I Don’t Like + +The biggest complaint I have about EQT is the small issue and delay they have had doing the coin swap. Before the coin swap they told everyone to move their coins to CoinExchange.io and the swap would happen automatically, which worked great for those who followed the instructions. However, there are a lot of people that didn’t do this and now they are having to manually swap these coins. This has caused a long delay in terms of being relisted on Cryptopia, which in turn has hurt the price. This isn’t a huge deal, but it is a small complaint I have. + +&nbsp; + +### Investment Potential + +With a lot of catalysts on the roadmap until 2019, the potential of EquiTrader is hard to predict. However, I think a 10x from here, which would make the market cap only $34 million, is a very real possibility within 3 months. Even after a 10x, I still think it could get closer to $75 million before it would be getting close to what I think it should be valued at. As you can see, I think there is a lot of room for EQT to grow and I’m expecting it to do just that. + +&nbsp; + +## 2. Hush (HUSH): $1.1 Million Market Cap + +Hush is a very, very close second when it comes to my top 5 favorite projects under $5 million market cap. This project might have the most potential out of all of the coins in this list too. Hush is an anonymous coin that utilizes the Zerocash protocol that is forked from Zcash. There are quite a few Zcash forks out there, but this is the best one in my opinion (and the cheapest). It is a fairly new coin that launched in July 2017 so there have only been a few months worth of development. + +&nbsp; + +### Why I Like Hush + +There is a lot to like about Hush and the reasons are explained below. + +&nbsp; + +**One of the Best Anon Coins** + +&nbsp; + +Hush is a fork of Zcash but without the founders reward, which is the only major knock of Zcash. So without the founders reward it becomes a top notch anon coin tech wise. There are other Zcash forks out there, but none of them are sitting at this low of a market cap, which creates a huge opportunity for Hush. A very similar coin to Hush is ZenCash, which currently sits at a $14 million market cap, is another Zcash fork without some of the features of Hush. Combine all of this with the major pump all anon coins have been going through lately and Hush is looking prime. + +&nbsp; + +**Great Team** + +&nbsp; + +One of the members of the Zcash dev team, David Mercer, is now the lead dev for Hush. This is huge. Not only is he the lead dev but he is also working full time on Hush, which means all of the promised features on the roadmap will have a good shot at being completed. Along with the lead dev, there are 6 total team members. The size and talent on this team is practically unheard for a coin with such a small market cap. This is a major reason for me being bullish. I know that this team will get things done, which is all you can ask from a team. + +&nbsp; + +**Counterparty on Hush** + +&nbsp; + +This is the biggest reason I like Hush so much. They are planning on porting Counterparty to Hush and this will allow people to create Counterparty based assets with the security of Hush. They are also planning on having these assets being compatible with Ethereum smart contracts. These are killer features that make Hush a unique project. + +&nbsp; + +**Only Trading on Cryptopia** + +&nbsp; + +At this moment the only place to purchase HUSH is on Cryptopia. The Hush team has confirmed they have been in contact with Bittrex and I don’t think it’ll be long before they are added. Take advantage of it being only on Cryptopia before it gets added to other exchanges, once that happens the price is going to take off. + +&nbsp; + +### What I Don’t Like + +The major knock on Hush is their marketing. They are not putting much effort into spreading awareness. Their reasoning behind this is that they feel like they don’t have a finished product to market yet and that good tech will eventually win out. I like seeing a team that prides themselves on the tech of their project, but at some point they are going to have to start marketing it. Marketing plays a huge role in crypto. With all of that being said, I’m not complaining because it gives me more time to accumulate at these low prices. The only way people find Hush is from actually doing their own research. You won’t find it being shilled much on twitter because no one really knows about it. This will probably be changing in the near future. + +&nbsp; + +### Investment Potential + +The $1.1 million market cap it is currently sitting at is almost funny. I can’t believe it is so low. This coin should be sitting at an easy $10 million market cap SOLELY based off of what the project currently is. Factor in some of the upcoming features such as the Counterparty port and a standalone HUSH messenger and I think Hush could be worth at least $50 million in 6–12 months, if not higher. The reason I say it could be higher is because of the dev team. I’m very confident in the team and believe that in 12 months from now they will be working on features that will blow the current features out of the water. + +&nbsp; + +## 3. Tokes (TKS): $1.8 Million Market Cap + +Coming in at 3rd in my top 5 is a coin called Tokes. I’m a big fan and this is one of my long term plays that I think will be worth a ton in a few years time. This isn’t going to be a 10x coin in 2 months, but in 2 years it very well may be a 100x coin. Keep that in mind while reading. Tokes is a Waves based asset that is geared towards the marijuana business. They are looking to help businesses handle their money and provide a better payment solution for both consumers and businesses. They are also doing a few other really interesting things in this space and I will explain why I like Tokes in the next section. + +&nbsp; + +### Why I Like Tokes + +Tokes is a coin based around the marijuana business, but it does much more than the other pot coins out there. Tokes is looking to actually solve real world issues in the marijuana business and has partnerships with major players in their area. I will touch more on all of these things, but I want to make ti clear this isn’t just a “pot currency”. + +&nbsp; + +**Provides a Fiat Gateway** + +&nbsp; + +A major issue for marijuana businesses is that they are forced to operate as a cash-only business due to the federal laws that make banks not want to work with them. This is a major problem within the cannabis industry and Tokes is trying to solve this by creating a fiat gateway. Tokes allows for cash to be converted to TKS and vice versa so that it can stored electronically without the need to carry cash around. They also offer no fiat volatility risk because of their pegging system. This means that the $100,000 of cash they turn into TKS will remain $100,000 when they withdraw it. This is a major issue that is being solved by Tokes and gives their project immediate value and use cases. Keep in mind that this is something they are working on implementing and hasn’t actually been developed yet. + +&nbsp; + +**Major Partnerships Secured** + +&nbsp; + +Tokes is located in Las Vegas, where marijuana laws are some of the most lenient, and they have been hard at work building relationships and partnerships with the marijuana businesses in that area. Some of their partnerships are as follows: + +&nbsp; + +Pisos: A dispensary in Vegas that is their first partner in their pilot program +Herbology Tours: Tokes purchased a 10% ownership stake in this company. More on this in a minute. +Cannabis Delivery Startup in California: Payment integration into their mobile app + +&nbsp; + +Tokes purchased a 10% ownership stake in a Las Vegas cannabis tourism company and this has a couple of really cool benefits. First, it gives Tokes a foot in the door with a marijuana company where they can start integrating and testing their system. Second, it’s a great way to get their name out there and start spreading awareness. This will go a long way to help both consumer and business adoption. The last major benefit of this ownership stake is that they will get 10% of all of the revenue from Herbology Tours, which will be used to help grow Tokes. This revenue will also be used as a way to potentially buy and burn coins (more in the next section). + +&nbsp; + +**Revenue Used to Burn Coins** + +&nbsp; + +Tokes plans on getting into other aspects of the marijuana business and portions of this revenue will possibly be used to buy and then burn the coins, thus decreasing the supply. The revenue that they generate from their 10% ownership stake in Herbology Tours will also be used to burn coins. +Im a big fan of coins that burn their own supply and the markets go crazy when this happens (See $TRIG and $DAR). It’s worth noting that they are planning on burning coins with revenue, but it is not 100% concrete yet. + +&nbsp; + +**Great Roadmap** + +&nbsp; + +Their roadmap extends all the way into Q4 of 2018, which is good to see. There are also a lot of good things to look forward to and a lot of catalyst that should help the price increase along the way. Check out the roadmap [here](https://imgur.com/a/v6X53) + +&nbsp; + +### What I Don’t Like + +The biggest issue I have with Tokes is their supply problem they have. Currently, there are only around 960k in circulation out of the total supply of 50 million (according to Coin Market Cap). The founders currently own the remaining ~40 million tokens. The good news is they are actively trying to solve this issue and release these tokens in a way that won’t hurt the price. One of the main ways they hope to remedy this situation is by putting all of the tokens in a smart contract and distributing it during a 3 year period. You can read more about their plans here. + +&nbsp; + +I’m not a big fan of the current supply issues, but I think the founders are on the ball on this issue and will figure it our without too many problems. +Investment Potential I really like the fact that Tokes solves a real issue by providing a store of value for cannabis businesses and allowing them to move away from cash only operations. This has so much value. Combine that with their current partnerships, pilot program and their upcoming roadmap and Tokes looks like a real good long term investment. + +&nbsp; + +Where Tokes could really see their value skyrocket is after they get a foothold in Las Vegas and establish their name in the cannabis industry, they will be the first company other cannabis companies call once their states become legal. Like I mentioned before, this is a longer term play but could be huge in a few years time. In the short term, I think they could easily get to ~$25 million just based off of continuing to lock in partnerships, releasing their mobile app and solving their supply issues. + +&nbsp; + +## 4. SmartCash (SMART): $2.5 Million Market Cap + +Coming in at 4th on my list is SmartCash. SmartCash is a fork of Zcoin, but it has a some of the same features as Dash along with a few unqiue twists that makes this coin very undervalued. The coin itself was started less than 3 months ago, so the project itself is still very new. + +&nbsp; + +### Why I Like SmartCash + +Any anon coins right now that haven’t pumped yet are of interest to me. It seems like everyday a new anon coin is pumping and the fact that SmartCash hasn’t yet is appealing. Not only has the coin not pumped yet, but it has a super small market cap and is a better coin than the majority of the other anon coins out there. Aside from it being an anon coin, the following reasons are why I like this project. + +&nbsp; + +**Insane Staking with SmartRewards** + +&nbsp; + +This is a major reason for this coin being in my top 5. They have a cool feature called SmartRewards which is a way for people that hold their coins in their wallet to get rewarded. The only requirements are that you must have at least 1000 coins and hold them for at least a month, starting on the 25th of each month. For example, you transfer 5,000 coins on September 16th then you would be rewarded on October 25th. Since this coin is so new, there has only been one completed round of payouts so far. During this first round each person eligible made 400% returns. Example, if you had 1,000 coins in there then you would have been paid 4,000 coins! + +&nbsp; + +400% is insane and for this second round of payouts things are a little less extreme. At the time of writing this (halfway through the month) the current estimated payout is going to be 37%, still not bad at all! This numbers goes up as the month goes on and less addresses become eligible. +The reason for the drop off is because there are more eligible addresses than the first round. These rewards are funded by taking 15% of all of the coins mined from each block and then on the 25th of each month are distributed to addresses that hold at least 1000 coins. Not only are the returns very good, but this is also a great strategy to lock up coins and keep the price from dropping too much. SmartRewards is a huge reason for me being in this coin and I think it will be very popular once more people find out about it. + +&nbsp; + +**Great Funding System** + +I’m a big fan of their funding system and how they split the block reward. Their funding structure is as follows: + +&nbsp; + +* 80% Community +* 15% SmartRewards +* 5% Miners + +&nbsp; + +Of the 80% allocated to the community, 70% of it goes to the community treasury and 30% of it goes to funding the team. I like the reversed model they have of paying the community the bulk of the rewards and the miners the least. I think this is a good way to get people involved and help grow the coin via community funded projects. + +&nbsp; + +**Governance System** + +With a large chunk of all coins mined going towards community treasury it gives the community a lot of coins to use on various proposals that will be voted on by the community. These proposals can be pretty much anything helping the coin grow and the community gets to determine if it is a good idea or not. Each vote is equal to 1 smart cash. + +&nbsp; + +As of writing this, there have been 3 community proposals that have been funded. Those 3 include: + +&nbsp; + +* Venezuela Food + Marketing Campaign: 2.8 million SmartCash +* SmartCash Cryptocurrency & Entrepreneurship Weekend: 349,999 SmartCash +* Twitter Header Image Campaign: 50k SmartCash + +&nbsp; + +As the community gets larger, I’d expect the number and quality of proposals to improve and then we will really get to see the benefits of this funding system. + +&nbsp; + +**Instant Transactions via InstantPay** + +&nbsp; + +This is a feature that is going to be implemented in the near future and would allow for near instant transactions. This is crucial to have if you are trying to be a coin that is used for everyday purchases, which SmartCash is trying to do. + +&nbsp; + +**Not on any Major Exchanges** + +&nbsp; + +Currently, the exchange with the largest volume where you can buy SmartCash is Stocks.Exchange and Cryptopia. Whenever Bittrex or Poloniex get around to adding this coin there should be a nice pump. Now is the time to accumulate! + +&nbsp; + +### What I Don’t Like + +I’m not a fan of coins with a large supply of coins and SmartCash has 5 billion coins as its max supply (451 million circulating). The idea behind having so many coins was to become the everyday coin that is used and its easier if people are paying in a small amounts. I get the idea behind it, but I would still prefer a coin with a smaller supply. + +&nbsp; + +### Investment Potential + +This coin is still fairly new and a lot of people have still never heard of this coin. I think as more people become aware of SmartRewards and the insane monthly returns that people will start to flow into this coin. Couple that with things such as masternodes (coming soon), InstantPay, a functioning governance system, and anonymous transactions and you have a severely undervalued coin at $2.5 million. Short term potential for this coin is at least $10 million market cap, but $25 million within a few months is completely reasonable. This coin has all of the characteristics of coins that are worth hundreds of millions of dollars so I don’t plan on selling this coin for a while. + +&nbsp; + +## 5. Crypto Bullion (CBX): $1.3 Million Market Cap + +Last but not least we have Crypto Bullion, which currently has a market cap of $1.3 million. This coin was originally developed in 2013 but has seen recent improvements that have made it a great dark horse pick. This coin is a 100% proof of stake coin that was originally created as a way to store value with a yearly interest rate of 2%. as mentioned above, it has become way more than this with the new developments that are currently under way. Let’s take a look at why I like this coin. + +&nbsp; + +### Why I Like Crypto Bullion + +Crypto Bullion will be having a hard fork before the end of the month where they will be implementing quite a few new features that I think takes this coin to the next level. Some of these features are as follows: + +&nbsp; + +**Masterbodes are Coming** + +&nbsp; + +Once the hard fork occurs, masternodes will be coming to CBX along with Zerocoin anonymity. Once the masternodes have been implented it will make CBX one of the cheapest masternode coins on the market. These masternodes will earn roughly 9% — 18% yearly plus any of the fees they make from transactions. It will cost 2,000 coins to run your own masternode, which is currently around $2,000. + +&nbsp; + +**Solid Roadmap** + +&nbsp; + +They have a very solid 2017 roadmap leading into 2018 and they are planning on releasing a 2018 roadmap once this one is completed. I would expect a lot of cool new features to be added on the next roadmap. See their roadmap [here](https://imgur.com/a/WdXly) + +&nbsp; + +**New Wallet Being Released** + +&nbsp; + +They are currently putting the final touches on a new wallet and getting ready for the hardfork. All of this should be happening by the end of September. + +&nbsp; + +**Low Supply** + +&nbsp; + +As of right now, there are only around 1 million coins with a very low inflation rate of 2% per year. With staking, you would make around 6% per year in interest. This means the coins are rare and scarce. + +&nbsp; + +### What I Don’t Like + +From what I have seen, the communication from the dev is subpar and you can be left in the dark at times. Also, even though they have some cool features in the pipeline, they aren’t really bringing anything new to the market. + +&nbsp; + +### Investment Potential + +I think CBX has built itself a nice little niche with becoming a true store of wealth, unlike Bitcoin, and that fact alone should make it worth more than its current market cap. However, with the upcoming hardfork that will bring masternodes and a new wallet we should see a lot more investor interested in this coin. +I’m holding this coin until at least a $10 million market cap and probably even longer depending on what kind of developments happen in the meantime. + +&nbsp; + +##Honorable Mentions + +I’m not going to dive deep into any of these coins below, but they are worth mentioning. + +&nbsp; + +* Circuits of Value (COVAL): $4.6 million market cap +* Zoin (ZOI): $524k market cap +* Terracoin (TRC): $2.5 million market cap +* AdShares (ADST): $1.6 million market cap +* Linx (LINX): $557k market cap + +&nbsp; + +##Wrapping this Up + +That is going to bring this article to an end. I hope you enjoyed reading and found a coin or two that might interest you. These 5 coins are all coins that I will be holding for nothing less than 10x each, probably even more. These are not your “safe investment” coins by a long stretch, but if you’re looking for some high risk/high reward coins then these might be of interest to you. I’d love to know what coins you are all fans of that I didn’t put on the list. Please share in the comments below. Thanks for reading and if you enjoyed this article [please follow me on medium](https://medium.com/@jshocrypto/) for more posts! + + +https://twitter.com/DooWanNam/status/1524915757938667521 + +The source article is in Korean, but here's the Google translation https://news-mt-co-kr.translate.goog/mtview.php?no=2022051308574726920&MT_T&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp + +He needs to totally get himself and his family into a bunker, move out of the country, or something. He's ruined a lot of people's lives. Better yet, he should just turn himself into the police and get himself in jail. Sooner or later, he'll end up there anyway. +I'm a huge believer of the narratives that Ray Dalio puts out on the transition of power from the US to China. Likewise, I think megacorps will continue to reign supreme in both regions + +Consequently, I don't think it's wise to hold just US megacorps, but in both regions. + +So far, I'm aware of KWEB, which I currently hold in addition to QQQ, but if there was some combination with the additional exposure of more robotics oriented, ecommerce, and fintech oriented companies, that would be ideal + +A question very much related to this is, how are people investing in the best growth beliefs in China? Are there any growth beliefs in China that seem like a facade, or that are underappreciated? +I'm curious about this. I have tgt 98.5c 4/17 and at 9:50 am it was at .95 a contract. Then at 9:55 it was at 2.89 a contract. Followed by 10am dropping to 1.13 a contract. How am I supposed to catch that lol. I'm still new to options so I'm just wondering if I'm missing something or that's just the way the game is played. +It's the general rule that half your age as a % of income is how much you contribute to your pension when you start it. I want to know much were you earning and how much were you contributing to your pension throughout your life so far? + +Have you been earning around the same amount all your life? or have you had big pay jumps? or maybe you've had steady increases? + +It's sometime hard to judge how we are doing financially in life, and how much experience in a field can increases your pay by. + +I was interested in Bitcoin the currency, but since I'm not in charge of anything I have the choice to accept Bitcoin is now a settlement network or I leave. I'm not sure, what to do ... but I have some suggestions for this sub: + +- change the sidebar from "Bitcoin is *the currency of the Internet*" to "Bitcoin is *the settlement network of the internet* + +- delete posts that say "X accepts Bitcoin" until lightning is ready. By now this is useless and sucks users in believing wrongly that Bitcoin was a currency + +- stop talking about bitcoin as a cryptocurrency. Allmost every altcoin is a cryptocurrency, but since 2016 we know bitcoin is a settlement network. + +**Edit:** Considering many comments it would have been better to say: *Bitcoin is no payment network* than *bitcoin is no currency*. But the fact remains that **Bitcoin is no currency that many people can use on a daily basis to pay** (I think the term "currency of the internet" implies something like fast and modern money which you can use to pay. That is a wrong assumption and should be corrected. + +The 10 Year Treasury which is the basis for SWR research is currently sitting at a record low of 0.74%. Not just below average, but all time record low. I am curious to hear some discussion of what this might mean for SWR research and FIRE strategies. + +With bond yields at record lows, FIRE investors are faced with a choice between locking up a large portion of their portfolio in risk free assets with an expected *nominal* return of under 1%, or take their chances with a more aggressive stock allocation. (You might look at 10-15 year performance of bond funds and note that they have returned more than their yield, but that is only due to the long term trend of lower interest rates, culminating in what we are seeing today). + +The Good + +Record low interest rates is an indication of low underlying inflation. Institutions are only willing to loan money so cheap if they have confidence that the principal will have the same value with the interest paid back. Arguably, this new world of low yields is only possible with the removal of one of the principal threats to retirement success. This also means things like cheaper mortgages and other debt. + +The Bad + +However, this means there is no historical precedent for such low income (actually negative real return) coming from the bond side of the portfolio. Perhaps more importantly, the larger macroeconomic context is unprecedented, so we just don't know what effects this trend could have. For example, the Fed may have less room to stimulate the economy in the event of a recession. In that scenario, bonds (which go up in price as interest rates drop) could lose much of their diversification power with interest rates already at zero. A market crash when interest rates are already effectively zero could potentially be larger in scale and longer in duration than previous events we have seen (on the other hand, it is possible that the Fed is getting ahead of the potential recession, propping up the economy to pre-empt a major crash. This seems to be what the Fed is thinking with its emergency rate cut this week). + +While SWR research is based on 100's of years of backtesting data, the current situation is unprecedented. I submit that we simply cannot say for sure that the SWR research will hold up. + +Possible Strategies + +1. Shift to higher yielding corporate bonds. However, corporate bonds are riskier and more correlated with the market than Treasuries, therefore expected to produce lower risk-adjusted returns. Muni bonds may have the same issue. +2. Increase your stock allocation. However, you will be more vulnerable to sequence of returns risk, especially in the scenario above where the Fed has no ability to correct a major market event. +3. Shift to TIPS. At least TIPS will be guaranteed to match inflation (although I have seen some reports of TIPS starting to sell with negative real rates). However, TIPS are somewhat less un-correlated with the market than traditional Treasuries and don't do as well in backtesting. +4. Explore annuities. Annuities can provide guaranteed income. However, they are subject to inflation risk, can be costly, and you lose the ability to pass the principal on to your heirs. + +Basically, I don't see a good option that does not involve saving more. I am curious to hear thoughts on how FIRE folks are strategizing and coping with this inherent uncertainty. +I know it’s a bit of effort but once u done it the first time it’s very easy and u can even buy on computer share. + +We all want moass right? Let’s claim these shares already- I’m not giving financial advice I’m not saying go buy gme- I’m saying just drs the gme u have so u can u know- actually own them? + +Idk what will happen with drs and non drs shares but at least we can contribute to locking off the free float and stop hedge funds making money loaning out your shares +I’ve noticed a disturbing trend that’s been appearing to growing in severity recently. + +**Apes reaching out to GameStop or ComputerShare employees or affiliates.** + +One or two people? That’s fine. But that’s not the case. + +We have multitudes of ‘apes’ pestering these individuals with questions, @s etc begging for insider info and trying to get attention so they can screenshot and post it here for that sweet sweet karma. + +This is embarrassing, juvenile, ego-driven and seriously hurting the reputation of our community and it’s relationships with these people. It makes me begin to feel embarrassed to associate with this group even at all. + +Dr. T and Dave are one thing, they clearly enjoy the engagement, seemingly ask for it and encourage it at times while contributing to our community. But many others have not invited this attention and are just normal people trying to do their jobs, who do not need 1000+ apes harassing them for internet points. + +Please, before you send your next tweet, DM, email, whatever — stop. Ask yourself: + +Am I adding value here? + +Am I asking a question that’s already been asked? + +Am I asking a question they are likely not authorized to answer? + +Am I doing this from an ego-driven motive or am I truly believing this will add new value to the community? + +Thank you and please continue to be the respectful, mature apes that you can be and would make us all proud to stand beside. + +Edit: some examples of what I’m talking about + +[https://imgur.com/a/GE0l2fc](https://imgur.com/a/GE0l2fc) +Anybody can explain what's currently going on the markets? Risk on assets spike up, so is gold and other precious metals. Tesla is going through the roof again. Seems like markets have some kind of a split brain syndrome playing both the bull and bear scenarios at the same time. And I am not even getting to Italian stocks hitting ath in almost vertical spike amid debt crisis... +I want to address the points made on a previous point about minimum wage jobs not affording a family or stability in America. + +Because the thread was locked. But I think it warrants an important separate discussion about the reality of minimum wage. + +Referring to this comment I made: + +> …[society defines retail as a minimum wage job that offers no benefits. i LIKE being on reddit but this isn't gonna support a family and children. You are ALLOWED to do whatever you want. But society is not designed to support it….you either accept how society exists or use all your willpower to fight against it.saying cashiers should be paid higher because i like cashiering...does nothing to address reality.](https://www.reddit.com/r/povertyfinance/comments/u7kcnz/having_kids/?utm_source=share&utm_medium=ios_app&utm_name=iossm) + +A lot of people seem to take that to mean that poverty wage jobs don’t deserve higher pay. Or that saying cashiers earning $7 an hour shouldn’t have family and bills. 🙅🏾‍♀️no. point missed. + +I need people to understand that when people say minimum wage can’t afford a living America it doesn’t mean it *shouldn’t* it means it **can’t** and it currently *doesn’t*. + +We have to deal in reality. Acknowledging that minimum wage jobs like cashiers put people in poverty because current American society in 2022 has defined it that way…is not the same as saying those people don’t *deserve* higher wages or those jobs aren’t worth more. +We know salary is not attributed to worth or societal contribution. Athletes makes millions to play ball games while teachers struggle to get by. + +The point is that as it stands **today**, any low paid job will put you in poverty. Avoid if possible. Fight for better wages, but arguing with people that it’s not *fair* to think that way is delusional because reality is reality. Simply saying those jobs don’t pay well is not saying the people in them don’t deserve better. +Hi! + +I've been lurking here for quite a while taking in all information I could and adapt it to my life/location. + +Occasionally, I stumble upon the phrase: I can't talk about this to my coworkers, so I am very curious why. Why is this such a big deal that it needs to be kept a secret? I get the point where you don't want to disclose numbers, this is obvious, but why not discuss the lifestyle and tactics used to advance on the FIRE path? +I've read advice that for *most* people, not paying off student loans is the best strategy. There's the chances that the debt might be wiped, dont't have to pay if you are below the threshold, saving for a deposit instead, investing to get better returns and a whole bunch of other reasons One thing I think might be underestimated is how much you earn. + +MSE has a handy calculator to help with this: https://www.moneysavingexpert.com/students/student-finance-calculator + +What I find quite surprising is that starting at a salary of 30K and with a debt of 50k, you will pay off the equivalent of the loan over the 30 year period. Starting any higher or with an assumption that your salary might increase quicker then 2% annum (change jobs could do this) means you will be paying a significant sum much higher then your loan. + +Are we underestimating the amount of people that will fall into this camp? +[https://www.ft.com/content/d37a5a77-1fad-4ddf-aa66-af5f1c1e6c87](https://www.ft.com/content/d37a5a77-1fad-4ddf-aa66-af5f1c1e6c87) + +Top lessons are: + +* Never borrow from a credit card to make an investment. +* Don't listen to "influencers" on YouTube & TikTok. +* Be prepared to lose everything. +Can someone please give me a key points rundown on what the impacts of a RBA rate change (up/down) will have? + +My understanding so far: + +* Cash rate is the rate at which banks can borrow money so any change is reflected to mortgage and borrowing interest rates etc. +* Also affects the interest we see on our savings +* Rate rise typically relates to AUD rise...? maybe? + +Forgive my ignorance if I'm off the mark with any of that. + +Cheers. +Hi all, + +Does anyone know why fixed rate mortgages don't seem to be a big thing in Australia? Wherever I look I see mostly variable rates, and the longest fixed rate term is 5 years. + +This really surprises me, because where I used to live basically everybody took a fixed rate mortgage, usually with a 5, 10 or 20 year fixed rate term. To me it sounds weird to sign a contract for a 30 year mortgage, without knowing how high the payments will be in the future. How will you be able to know if you can afford your mortgage if rates increase? + +I think it is mainly a question of lack of demand as for banks it is not difficult to manage the risks of a fixed rate period. So my question is: why do people like variable rates here so much? + +Thanks for any insights +Hopefully I am overlooking something I can do... also not meaning to throw a pity party but I am genuinely confused as to how to make my situation work. + +I'm a single parent of a toddler. I do receive child support, and have been on food stamps since the singledom began while looking for full time work, and also working part time about 10 hours a week for $10/hour to get by while job searching. + +Today after months of applying I got offered a 30 hour a week position paying $11.50/hour and thought HOORAY the hard times are over! At first I actually even thought I could leave my weekend job and life would be okay. This was especially relieving since I have to move out of my current place September 1st and will have no family to live with. SO I began to create a budget to figure out a price range that would be comfortable for rent, and have been freaking out for the past few hours... + +My total income with both jobs and child support comes to $2,214 a month gross (estimating around $1,880 after taxes?), which disqualifies me for my current food stamps and childcare subsidization which I was happy about because I thought I was finally becoming independent. + +Here is a breakdown of what my monthly bills would be: + +Moronic car lease that I got with my ex that I can't get out of: $240 + +Insurance: $90 + +Personal loan repayment: $150 + +Gas: $75 + +Diapers/TP/other necessities: $100 + +Phone: $35 + +Childcare: $600 + +Food: $300 + +That brings my total bills to $1590. + +That leaves $290 for rent/utilities and any other spending... + +I don't know what to do. The average price for just a bedroom (which is already hard to find since most people don't want children moving in as well) is $500/month. + +My son's dad works nights and I'm completely certain he'll refuse to take on more hours with our son since he's not obligated to. And I am upside down in my car lease so I can't surrender it. Debt consolidation isn't an option because of a few mistakes I made 6 years ago. I literally do not understand how I can make this work. I am thinking my only option is to take on a third job? I feel like I am at my wits end, have been struggling to make ends meet and get more than a few hours of sleep a night for so long and finally thought I would be okay and now it seems like unless I'm working every moment I will just be in the same boat or worse. + +I don't know what to do :( Sorry if this was whiney or ranty, I am so very tired and stressed out. + + + + + +Seen quite a few posts in the last few days where people are worried about what they've lost, but what about seeing this as a chance to gain? + +Invest more or continue investing your normal monthly amount? Opinions? I suppose investing more right now would be an attempt at timing the market? +Managed to buy 1k of PRPL on tuesday morning at 27.20.. looks like you can thank me for the dip heading into earnings. Also fuck that purple mattress pumper +I’m on a salary and I feel like I’m in such a rush to buy all the cryptos I believe in before I “miss” them. + +Can anyone relate? + +Someone give me some advice to calm down the urge to buy them. + +I just need to implement into my mind the fact that all the good coins slowly but surely rise and investing anything is better than nothing. + +Edit: + +Thanks for all the replies. Hope this helped some others too. + +I’ve been diagnosed as having FOMO. Thanks guys. +It seems pretty clear that WS only have one more play left. The estimated earnings is set super high as to "fail". The insane shortening taking place right now and the strange covering GME is having this week on MSM, saying that GME's earnings report is all of a sudden the most importent thing in the financial world. All points to one last "shake off campaign" to get all the badly informed retail investors to fuck off. The play is to have retail sell as many shares as possible before they have to start buying them back. + +This is bullish as hell! **Just keep buying, DRS and hodl you beautiful Apes, the end is nigh.** + +EDIT: I see the earnings report might not be set as high as I thought. It still seems sus as fuck that MSM is trying to get the whole world to look at it. It seems highly unlikely that they just change their tune and are now rooting for GME. +RH gave up its neutrality; either because they were incompetent and didn't have the assets to backup the purchase of GME.... + +....or worse, they actively colluded with people on one side of a financial transaction, at the expense of their customers. + +It's sick that they advertise here in a forum dedicated to the dream of a censorship resistant, permission-less form of money! + +They are the antithesis of Bitcoin! +Obviously the final level is being able to retire comfortably should you choose to do so. But I think the other major milestone is the one where you would be able to survive off your dividends forever no matter what happens, even if you stop working. + +What do you think that number would be? 500K? A million? + +I think interestingly, "bare minimum" is still subjective. It would depend on your willingness to move to a low cost area for example. + +Edit: Lots of great answers. For those curious, my idea of "basic survival" is along the lines of literally "not going to die / be out on the street", but almost zero luxuries. Though not a fun way to live, still comforting for one less worry. +[Amazon acquires Whole Foods, KR down 11 &#37;, COST down 8&#37;](https://www.cnbc.com/2017/06/16/amazon-is-buying-whole-foods-in-a-deal-valued-at-13-point-7-billion.html) + +[Amazon acquires PillPack, CVS, WBA, RAD all down +11&#37;](https://www.cnbc.com/video/2018/06/29/amazon-pharmacy-pillpack.html) + +[Amazon considers making its own networking switches, CSCO down +4&#37;](https://www.reuters.com/article/us-amazon-networking/cisco-sinks-on-report-amazon-wading-into-networking-equipment-idUSKBN1K32L4) +&#x200B; + +**Brief Overview of** TSM\*\*:\*\* + +Automobiles, computers, phones, IoT, or any device that is digitized requires a semiconductor chip. + +TSM manufactures these chips, and is one of the few companies with the strongest moat in the entire semiconductor supply chain. Think of TSM as literally the 1 Jenga block that supports the entire tower. + +**Supply Chain Overview:** + +* TSMC is a major player in the entire manufacturing process. Notably Backend & Test (Sillicon Wafers). + * Source: [https://www.semiconductors.org/strengthening-the-global-semiconductor-supply-chain-in-an-uncertain-era/](https://www.semiconductors.org/strengthening-the-global-semiconductor-supply-chain-in-an-uncertain-era/) + +**(1) If You Don't Know This Already, TSM (TSMC) is a dominant player in Manufacturing of Semiconductor chips.** + +* **Why does TSM have a moat in manufacturing semiconductors?** + * **Answer: High Barriers to Entry** + +1. Manufacturing Knowledge & Quality Assurance +2. Costly PPE to setup plants. + +* Costly/Custom Automation within Semiconductor Plants + +1. High Switchover Costs with existing Customers. +2. Politically Agnostic Company, meaning their technology is make or break for any country irrespective of their allegiance. + +* Source: [https://www.youtube.com/watch?v=Hb1WDxSoSec&ab\_channel=BBCClick](https://www.youtube.com/watch?v=Hb1WDxSoSec&ab_channel=BBCClick) + +**(2) Air Freight is the preferred Option for Semiconductor Chips amidst tariff/trade wars between U.S & China & Pandemic Disruptions. Surprisingly Strong Synergy To Alleviate Ocean Freight Issues.** + +* Synergies across industries between Airlines & Semiconductor Manufacturers expected to be the band aid supply chain issue, as commercial airflights are still recovering from lack luster demand climate caused by the pandemic. + * "EVA Airways Corp (長榮航空) and China Airlines Ltd (中華航空), the nation’s two major airlines, reported accelerated revenue growth in the third quarter compared with the previous two quarters, thanks to robust air cargo business." + * **Semiconductor Chips. They are flying them left right and centre.** + * Source: [https://www.taipeitimes.com/News/biz/archives/2021/10/14/2003766054](https://www.taipeitimes.com/News/biz/archives/2021/10/14/2003766054) +* **Why Airfreight is only a band-aid solution in the current supply chain disruptions for semiconductors:** + * According to Clear Metal, which monitors over 90% of ocean freight, nearly 7% of ocean freight is not making it out of China ports this quarter. Shortages of shipping containers resulted in companies having to pay premiums for shipping and drove demand towards airfreight. + * In fact, global air-cargo capacity in first quarter of 2021 is [25% less than last year](https://www.freightwaves.com/news/boeing-777-freighters-bring-relief-to-tight-air-cargo-market). The [grounding of the Boeing 777 fleet with Pratt & Whitney engines](https://www.nytimes.com/2021/02/21/business/faa-boeing-777-engines.html) following the failure of an engine on a plane over Colorado has further exacerbated capacity constraints. + * Source: [https://hbr.org/2021/02/why-were-in-the-midst-of-a-global-semiconductor-shortage](https://hbr.org/2021/02/why-were-in-the-midst-of-a-global-semiconductor-shortage) + +**(3) Forward Looking View** + +* For 2022, the global semiconductor market is projected to grow by 10.1 percent to US$ 606 billion, according to some estimates. But this growth is tempered by the long-tail impact of the pandemic on supply and demand in various industries. +* **TSM PPE Investments into U.S, Netherlands, Germany, and Japan** + * [**https://airfreight.news/articles/full/the-world-is-dangerously-dependent-on-taiwan-for-semiconductors**](https://airfreight.news/articles/full/the-world-is-dangerously-dependent-on-taiwan-for-semiconductors) + * It also negotiated with TSMC to establish a $12 billion chip fabrication plant in Arizona. South Korea’s Samsung Electronics Co. is set to follow, with a $10 billion facility in Austin, Texas. +* **The Rise of Electric Vehicles Will Make Semiconductors Infinitely More Valuable** + * Take the projections with a grain of salt, but the Y-O-Y increase in EV demand  + * Source: [https://cleantechnica.com/2020/10/30/forecast-2021-us-ev-sales-to-increase-70-year-over-year/](https://cleantechnica.com/2020/10/30/forecast-2021-us-ev-sales-to-increase-70-year-over-year/) + +**The Thesis** + +* Go long on TSM with a 3-5 year outlook because supply chain shortage is a persistent problem that won't go away after the Pandemic, and neither will the growing demand for semiconductor chips.  + * Airfreight will become increasingly attractive synergy in the supply chain. It may even be preferred over ocean freight IF trade wars between China and U.S continue. + * Without the manufacturing knowledge & PPE required, it is very difficult to replicate TSM's infrastructure for semiconductors. +* TSM is in my estimation undervalued. I set the price target at 155 in the medium term. + +*Original post by* *TaiPanda96* *can be* [found here](https://utradea.com/positions/TSM---Taiwan-Semiconductor-Manufacturing--The-critical-Jenga-Block-of-Semiconductor-Manufacturing) +This isn’t exactly DD but it relates to the daily DD u/rensole (formally) posted every day. + +Apes don’t fight apes and apes love Rensole’s daily post. We all look forward to it and I think for a lot of us it has become part of our morning ritual. + +My guess is that the people attacking Rensole are not apes, but shills. No ape would think Rensole is a shill, and no ape would think Rensole posted FUD. + +BUT without levelheaded wrinkle brain apes like Rensole keeping us grounded FUD will be a lot easier to post. + +FUD doesn’t work, it’s too easy to call out. But I think it’s totally within the realm of possibility that they decided to attack Rensole with “reverse FUD” comments, calling him a shill. + +Rensole, I hope you see this- we know you’re not a shill. Apes think you’re awesome. We appreciate your DD and I’m sorry moderating has become so difficult lately. But please don’t leave. If you leave the mod team they will have to replace you, and that opens us up to more attacks. + +More attacks are coming and the most visible apes are going to get it worse. I’m sorry, Ape Captains, but we stand with you, hodling the line. + +Please upvote so that Rensole will see this and hopefully take heart. + +This is not financial advice + +💎💎🚀🚀🦍🦍 + +Edit: some commenters are saying something to the effect of “we’re allowed to disagree!” And that’s true! Rensole didn’t decide to stop posting because people disagreed, it was because he was attacked and called a shill. So if you disagree with Rensole’s post this post isn’t about you. If you attacked Rensole then you didn’t just disagree, you became an agent of Shitadel. And that makes you a no good, dirty, rotten shill +This is my personal story, so it may not be for everyone, and I 100% understand that some people don't want (or should need) to change their career. With that admission out of the way... + +Off the back of a popular post here it got me thinking what would really help some people who are looking to do the right thing by securing their future but are low income earners. I think there's a solid piece of advice being missed out and it does not involve, stocks and shares, ISAs, pensions, etc. + +About 13 years ago, I was getting sick and tired of working in a factory after being a temporary member of staff for 2 years (I now detest employers who have a habit of employing people in this manner). I can't remember my salary, but it was a little above basic as it was an early shift 6am-2pm one week, 2pm-10pm the following week. I was on my feet all day packing hydraulic parts, plus cycling to and from work. I'll admit it, more than once I shed a tear in frustration when the 4:30am alarm went off. I couldn't really see a way out. I had a criminal record and I was just grateful to be in steady employment. The 2009 recession saw me let go but I eventually returned and during the later half of 2010 I was made a permanent member of staff and was earning £18k. + +During this time I'd been seeing people running blogs, doing something they loved and earning a living. So I started my own blog... and I didn't earn a living from it, far from it! + +What did do though; +- Invested LOTS of time into learning new skills to get my blog seen. +- Invest a small amount of money into tools to learn more skills and host my website (No gimmicky certificates or get rich quick courses - watch how they sell by all means but don't part with your cash!) +- Learnt that what I was doing had a career path within digital marketing to higher earnings than what I was currently on. + +Beginning of 2011 I was declined for a job, but later that year they came back to me as I kept in touch with the owner via Twitter. In January 2012 I started a new career as a Junior SEO Executive on the same £18k salary. + +Today I am finishing my first month in a new job role earning more than double than that by moving jobs twice for new opportunities (which quickly put me in the mid £20k pay bracket), and one redundancy this year led me to a job paying an additional £9.5k on top of my last salary. + +So my number one tip to any low income earner if you're feeling stuck in a manual labour or low-skilled job, being passed over for promotion, or paid a salary that does not support you, etc.... + +Invest in time to upskill yourself and try new things that could lead you to a new career. + +Part with some cash to support that when you feel its right to do so, but if you find that difficult just do the bare minimum but keep reading learning and putting it into practice as much as possible. + +If that means night school, learning remotely or similar, then do that. I did it by reading digital marketing blogs, free courses and actually hosting a blog and running my own social media accounts. +I left school with no real education (GCSE Science double award at grade C, everything else was graded below C), but trying something new and persevering has paid out. + +Your way out of financial stress/debt and being able handle your personal finances isn't always going to be solved with a spreadsheet (but you should 100% do that) - for me that happened last year during a pandemic and taking responsibility of my personal finances in a mature (? lol) manner, but that's another story! + +If you're earning minimum wage, I truly hope that taking a small amount of cash and investing in yourself lets you move onto a better job or career, and then you can chase the solid advice on financial investment without needing to choose between quality of life (eating good food, social life, etc.) or putting money into savings. + + +TL;DR - Invested in myself to create an opportunity for a new career so I could dump my low income factory job. I now earn over double the money and can invest financially without impacting my quality of life. + +Edit: Typo +The Farm bill has not passed but the DEA took CBD off schedule 1. We have it [https://mjbizdaily.com/dea-moves-cbd-medicines-off-schedule-1-a-limited-expansion-of-cannabis-access/](https://mjbizdaily.com/dea-moves-cbd-medicines-off-schedule-1-a-limited-expansion-of-cannabis-access/) + +Whats next? We do not know but I can say these two stocks are directly related to this and have been moving in an upward direction quite rapidly. + +(OTC: PYTG) + +(OTC: ETST) + +Hey watch and learn.. Post your stocks :) +*When reading this keep in mind that I'm* ***not*** *talking about the next few years but about a much much wider timeframe. I also expect a wave of downvotes but if you have constructive criticism I encourage you to write it.* + +A lot of people throw around the 100k TPS of Ethereum 2.0 and how it'll solve scalability forever... but the reality is not that simple. Let me expand on this: + +Ethereum 2.0 will be split into 64 different chains (all kind of equal to the current Ethereum) that connect to the beacon chain to improve scalability. The high TPS numbers that are thrown around are in theory a combination of all the shards running asynchronously + layer 2 solutions BUT the assumption here for 100k TPS is that all the load on Ethereum will be split to fill equally all shards, which is not realistic, let me explain why... + +The biggest issue with this architecture is that interoperability is kind of thrown out the window, for two shards to interact with each other they first have to go through the beacon chain and that takes about 6-12 minutes due to security which means that everything that needs synchronous and instant interoperability with everything else will be forced to go into the same shard which means that they will be bottlenecked by the shard's slow speed (less than 40 tps on chain, maybe 1-2k tps WITH layer 2 scaling). + +At this point you'll say that "*2k tps is super scalable, Visa is doing that much on a daily basis*". That's wrong. We shouldn't compare smart contract platforms that are supposed to be the backbone of the Web3 with simple payment processors like Visa. Smart contract transactions can be triggered automatically and they can in turn trigger tens or maybe hundreds of other transactions, a smart contract platform is insanely more demanding than a value transfer protocol like Bitcoin, Monero, Nano etc. + +A better example are the Nasdaq Markets which ACTUALLY handle at least [75000 TPS](https://www.forbes.com/forbes/2009/0112/056.html?sh=191df3177cc7) of orders, cancellations and trades continuously and scales to 250000 tps if needed. How can we decentralize JUST this one exchange on an Ethereum shard in a future where Web3 will have a billion users? + +I'm not here to break your bubble, Ethereum 2.0 will hold up for a many years without big issues and it will onboard millions of new people into Web3, but it will not be able to be the backbone of the new internet by design. + +Ethereum 3.0? +I found out about Nano not too long ago and started aping around with Banano, I've had fun learning about the tech and the richness of potassium found in those coins when all of a sudden BAM a spam attack DOS on the scale I had never even thought possible. But one of the things I'm having trouble understanding is what is the motivation? Usually when you spend all the time and effort and money to attack a network it is to steal value through double spending or something like that. But it has been weeks and I can't see how the Nano attack is netting the attacker any compensation for their efforts? I guess they could just want to see the world burn. + +Anyway, cut it out so I can keep monkeying around with stupid meme coin. + +&#x200B; + +Sincerely, + +Everyone +**Dividend Yield: 2.38%** + +LAND owns 153 farms totaling over 105,000 acres across 14 states. The REIT primarily owns cropland that offer many years of harvests, such as fruits, vegetables, and nuts. + +[https://i.postimg.cc/kgkxNFjc/49873922-16334630567964895-origin.png](https://i.postimg.cc/kgkxNFjc/49873922-16334630567964895-origin.png) + +The REIT does not farm this cropland on its own but rather leases it to farming operators on a triple-net basis, meaning that the tenant is responsible for insurance, maintenance, and property taxes. Moreover, these leases include various provisions that ensure rent should rise more or less alongside fruit and vegetable inflation, which has outpaced the headline CPI over a long period of time. + +Though LAND owns a lot of farmland in the increasingly water-starved state of California, the REIT *only* acquires properties with a source of water on-site. Plus, LAND recently acquired over 20,000 acre-feet of banked water in California, which should prove very valuable over time. + +I think the increasing popularity (especially among Millennials and Gen Zers) of plant-based foods will prove a boon to LAND. U.S. plant-based food and beverage sales from grocery stores rose 27% year-over-year in 2020 to over $7 billion, according to the [Plant Based Foods Association](https://www.plantbasedfoods.org/retail-sales-data/). That compares to 14.6% YoY growth in total food sales from grocery stores. + +A recent [Bloomberg Intelligence report](https://plantbasednews.org/news/economics/plant-based-market-skyrocket/) indicates that global plant-based food sales should reach \~$162 billion by 2030, compared to 2020's $29.4 billion. + +Many of these plant-based items, like almond milk, veggie burgers, and frozen meals, use the sorts of farm products that are grown on LAND's farms, like almonds, peas, and beans. + +In August 2021, according to the [USDA](https://www.nass.usda.gov/Publications/Todays_Reports/reports/land0821.pdf), farmland values rose 7.0% YoY. Cropland in particular rose 7.8% YoY. This marks the fastest appreciation since 2012. + +[https://i.postimg.cc/VvGtJjrX/49873922-16334596294645782-origin.png](https://i.postimg.cc/VvGtJjrX/49873922-16334596294645782-origin.png) + +Fresh fruit and vegetable prices are up [5.4%](https://fred.stlouisfed.org/series/CUSR0000SAF113) from their levels just prior to the COVID-19 outbreak, which is expected to fuel higher rental income from associated farmland and ultimately increase farm values further. This should likewise increase LAND's net asset value ("NAV"). + +LAND's NAV per share rose 3.7% quarter-over-quarter to $13.16 in Q2, which means the current stock price amounts to a price to NAV of 1.73x. While NAV will probably bounce up when rent escalators and percentage rents kick in late this year and in early 2022, the price to NAV is still quite elevated. + +As recently as the first quarter of this year, one could purchase LAND in a range of around 1.15x to 1.45x NAV. I would prefer to buy LAND at a price to NAV under 1.4x. Assuming LAND's NAV spikes 15% YoY in 2022 to around $15.15 per share, that would require me to buy LAND for no more than \~$21.20 per share. Personally, I'll wait for the share price to return to that level before buying more. + +The monthly dividend has been upped annually since 2014, but increases have been less than 1% in recent years. Going forward, though, management aims to increase the dividend at a rate that outpaces inflation. + +**Why I like LAND**: They aren't making it anymore. The supply of arable land used for farming is shrinking while the global population is expanding. Health consciousness and vegetarianism provide long-term tailwinds for fruit and vegetable demand, while various lease provisions for LAND's farms ensure that rent should keep pace with inflation. +So thing is, as you may know going all-in on Tesla this year would've been a good bet to make. + +However, what about making the same thing with a real estate company? Realty Income is still trading 20$ below pre-pandemic levels. + +I was thinking of dropping all of my money on this stock (10 000€), what do you think? It would give me 500€/y in dividends. +I have been going through some of the high yielding stocks for the objective of allocating a portion of capital for the purpose of income generation. + +I have reduced the list down to companies with the following characteristics: +1) Yield is above 5% after tax (7%+) +2) dividend is growing or largely stable +3) the company has paid dividends in 2020 +4) Valuation is reasonable + +I identified the following companies, listed in terms of their yield by ascending order. + +I added the industry of each, and the dividend characteristics. + +What are your thoughts. + +-EPD: Energy, dividend growth + +-BXMT: MREIT, stable dividend + +-ORCC: BDC, stable dividend + +-OHI: Health care REIT, currently stable dividend (growth history) + +-ARI: MREIT, historically growing dividend, dividend had a 20% reduction since Q1-20 + +-GOF: Fund (1.6% expense ratio), stable monthly dividend (reduced for 6 months only, now back to historical level) + +- IEP: Investment conglomerate, growing dividend +I am beginning to add dividend stocks to my Roth. But many of the good ones cost so much right now. Are their any good dividend stocks under $20 a share. And if so where do I find them? +What has impressed me the most about SCHD is its performance in a market that has favored Growth over Value with historically low inflation in the last decade or so. + +Assuming that we do experience higher sustained inflation how do you foresee SCHD performing? Considering that SCHD's holdings consist of more mature companies with a heavier weight towards defensive stocks, do you foresee SCHD outperforming the market (S&P500) in such an environment? +Hi all, this is my first post. I am seeking advice on how to do research while comparing potential investment stocks for dividends investment, specifically for Tobacco industry stocks like $IMBBY and $BTI. Both of them have very impressive Dividend yield values (~8%). But what other technical indicators should I be looking at to compare? +Hello all, + +I recently have began investing my money (22M) and was excited about dividends and specifically dividends in this macroeconomic environment. It seems intuitive to me that dividend stocks outperform the market when the market is flat or negative. According to my (extremely brief) research, however, this doesn't seem to be the case. [Here](https://imgur.com/a/sMRw7q9) is daily, dividend adjusted, returns of SCHD vs SPY vs SPHD. + +I pulled these numbers from capiq and don't know how to share an excel file, but it seems clear that spy outperforms schd even after taking dividends into account. Why not just buy the market and sell bits of your investment off as needed? I am not attacking anyone here just am genuinely curious why one would invest in schd if it just objectively underperforms spy. + +Funny enough I actually have equal parts schd and spy in my portfolio right now, I am just trying to figure out what the argument for dividend etfs and specifically schd is. Are there tax benefits I am unaware of? Am I looking at the data the wrong way? Let's discuss in the comments! +What makes stocks intrinsically valuable? Why will there always be someone intrested in buying a stock from me given we are talking about a intrinsically valuable company? There is obviously no guarantee of getting dividends and i can't just decide to take my 0.0000000000001% of ownership in company equity for myself. + +So, what can a single stock do that gives it intrinsic value? +I’ve watched a few videos and have started a S&D book and there’s really no consensus way to draw the zones. I’m sure the right answer is “it depends”, but is there a general way you guys like to draw zones? I like the idea of covering the whole basing period in order to not miss out on trades, but I plan to start with a small account and do not love the idea of such a wide SL. + +Just wondering where you guys put your proximal and distal lines ya know ? +Remember when TOR wallet went down, almost a year ago now, I think... + +Well, I just noticed today, that funds I had stuck in there just left. https://blockchain.info/address/1Fskz4Fvc6aaWucpC3Bz5jMu8LabKGJV9c + +Anyone have any ideas what's going on here? +Buying fiat currencies with your Bitcoin is a highly speculative investment. They have shown a very high volatility in bitcoin terms. This is due in part to their mysterious creation process. Nobody knows how many more will come into existence. They have no intrinsic value and are involved in the large part of every criminal activity from drug and human trafficking, weapon, wars, you name it. For its distribution, fiat currencies use heavy and highly discretional commercial banking infrastructures that have been found many times responsible of money laundry schemes and that consume a lot of energy consumption which cause pollution. Their paper and coin form is a danger for the public health, carrying around a lot of pathogenic agents. + +Please invest in fiat the amount of satoshis you can afford to lose. + +For a little perspective in 2011 you could buy 1 USD only if you paid a whole BTC but today that USD is worth 0.000055 BTC. + +source: [https://twitter.com/Gabridome/status/1330912676650897410](https://twitter.com/Gabridome/status/1330912676650897410) +I've noticed a few trends on this great sub, but sometimes I get confused by what appears to be hypocrisy. The same arguments that are Pro-Renting for housing are the Cons for leasing vehicles. + +Can someone give a more detailed explanation why renting is not appropriate for vehicles but ideal for housing? +Our base in Afghanistan has a couple Bazaars where you can purchase local goods. They usually accept $USD or "eagle cash" which is basically a card we can load with money from a checking account. I walked by one merchant today, however, who had a QR code with the bitcoin symbol on his table. I asked him what it was, and well, long story short here I am! I still have to wait a couple days before my bank account is validated so I can transfer, but I plan to do all my local Christmas shopping now with it. I was already going buy a bunch of goods to send back home to family, but now I'm doing it in bitcoin to spread some of the BTC love 7,000mi away. + +I'm still learning, but it's crazy I discovered this here of all places...as a currency it actually fits nicely in this situation and I hope it catches on (a lot of people have run into issues with identity fraud, stolen card info, or other problems while trying to buy things overseas with all the traveling we have to do). + +edit: thank you everyone so much for the unexpected tips, please let me mail you a souvenir or something. I definitely owe you all a picture, I'll ask the guy next time I'm there if it's ok. for now here is a [thank-you pic](http://i.imgur.com/tILdEzQ.jpg) +Governments should not be getting any net revenue from the emergence of cryptocurrency technology. If they don't start giving out credits soon, imo they must refund any capital gains paid by crypto investors to date. +Looks like he's serious about making his new album available for Bitcoin. + +Link to Coinbase tweet: https://twitter.com/SnoopDogg/status/409844208204140544 + +Link to Bitpay tweet: +https://twitter.com/SnoopDogg/status/409843247695925248 + +EDIT: Here is Snoop's Reddit account in case anyone wants to tip. http://www.reddit.com/user/Here_Comes_The_King +I don't know if it would be good to buy calls or puts for the upcoming earnings report. On the one side you have the record high number of cars produced and on the other hand I saw a lot of people saying the exact opposite, that the stock is going to tank. What do you think? +The title. I despise my dad. His irresponsible financial behavior throughout my childhood has led our family to poverty and enormous debt. Not taking up jobs, not trying to do any work or business, just sitting and taking loans to survive. MY father worked in a job only 10 years in his entire married life. Yes you read it right. Only 10 years. He couldn't support my education neither my mother's Healthcare. And now he and mom are my responsibility as I am their single child. + +I just want to know if there is anyone here like me. I despise my dad because he didn't do anything to get me educated to stand on my feet. He just left his household on me, to run it. I am earning and supporting my house since I was 17 y.o. Till now. Because of this I despise my dad. He is the reason i couldn't study to get a higher paying job. I was a very good student. But had to start earning other wise we wouldn't have survived. How do you deal with this anger/sadness? Am I wrong to feel like this? This regret is just killing me inside. There is nothing I can do to change the course of my life. Only if I could rewrite my life against my luck. +First, my husband (no kids, 47 and 49) is fantastic. Our Fire journey has happened over the last couple years (we both work, both part time, NW $10m), but we have really maintained our living style. We haven't upgraded our house (owned 1400 sq feet for 20 years) we drive two cars both almost 10 years old, will go on trips, but nothing crazy, (definitely no first class, or spendy locations), we make nearly 95% of our own meals, and don't get wrapped up in material goods. I enjoy all of that. + +However, I have seen on another thread here about people going on really fantastic vacations that sound amazing to me (renting a boat for a week in the BVI with a captain and chef, trip to Africa, months long trips to Australia or NZ). Even though we have the wealth to do any of these, that kind of outward show of wealth would be a deal breaker for my husband. Has anyone else dealt with this with a partner? + +I'd really love to see some more of the world with personalized services, without having to rent an AirBnB, get the cheapest rental car, fly coach. How do you change your partners mindset into "Yes we have the wealth, we are frugal nearly all the time, we can afford these luxuries"? +Has anyone here had the experience of effectively having to "start-over" on the path to FatFire? + +Low-30s, married, no kids. NW - $2mm (markets have hurt); W2 income - $1mm. Aside from a mortgage, also have a business loan that is personally guaranteed that is \~$1mm that was used to fund a side-business. + +Given the macro-environment, and the "start-up" nature of the business (launched within the past year), feeling increasing significant anxiety about my financial position. I took what was a "sure path" to FatFire (meaningful savings, high earnings from both myself and wife) and jeopardized it with this "side-hustle" bet on a side business. (Underlying rationale for this at the time was some combination of lack of fulfillment from day-job, wanting more ownership, and some greed for accelerating wealth accumulation without really appreciate just how hard / stressful small business ownership really is). + +It's been very tough emotionally - most of all the current feeling of acute regret of having "risked" what was a very privileged position to have been in and now risking a significant portion of my life savings to date. It's common to say that people more regret the shots they didn't take rather than the ones they did and failed... I think that'll still be true at the end of my life but in this moment there's a healthy dose of regret/fear. + +Curious about this crowd - has anyone experienced significant "set-backs" on their financial journey in their 30s / 40s that can identify with this experience? How did it feel at the time? How did you cope? And how did everything turn out? +Hey everyone, I've followed financial independence blogs and subreddits for quite a long time and dedicated all of my waking hours to achieving FIRE as early as I could in life. I'm 24 now and have achieved passive income \(assuming 4&#37;\) of about \~$75,000 based on the amount I've earned through various investments, company exits, and just saving 80\-90&#37; of salaries I've paid myself. In addition, I'm currently at a high position at a different company and earning about $150,000/year in salary from that. + +I browse this forum a lot so I know the usual response to these questions for people my age isn't great; but I want to seek some wisdom about how to move forward from here. Here are my general goals and some info about me: + +**Background** + +1. In technology, built a tech startup in silicon valley that exited +2. Born in Canada \(live there now\) but not attached to the country \(Canadian citizenship\) +3. I'm most interested in engineering but very entrepreneurial +4. 100&#37; of net worth \(\~$1.5MM\) is currently liquid; public market stocks and some \(\~10&#37;\) crypto +5. No debts \(skipped university\) +6. No accountants, lawyers, or anything like that. I just have regular bank accounts, use quickbooks, and that's about it. +7. Nothing really; I just have a suitcase of my belongings and that's it. The company I am at now is mostly remote, so I can be anywhere. + +**Goals** + +1. I don't think I will have any reasons to spend more than $30k\-$40k a year for several years, so I want to maintain my savings rate as long as possible. +2. My dream is to travel the world with people I love at some point, so I want to be able to spend as much as is necessary to go anywhere, anytime and just enjoy the world vs stress about travel finances. +3. I'd like to be able to participate in fast\-moving technologies and investments I have conviction on, but I also want to be able to have enough money "tucked away" to guarantee the lifestyle I want for life. +4. **I just don't want to have to think about money ever**. This is my biggest goal. I'm so sick of having to always think about these numbers and I want to be able to live my life freely without thinking about stock prices, or deal size, or the price of some cryptocurrency. + +Basically, I'm looking for some advice on what to do now. I've put in a ton of time and effort into getting to this position and I want to try to "secure" it by following best practices. +I am looking for advice on how I should best allocate funds into different account types to best plan for FatFIRE, given plans to retire before the traditional age and the fact that certain account types are more tax advantaged for certain types of investments. Much of the information have found is based for people planning to retire at a traditional age. + +About us: +Mid-30s couple. Household income 750K. Net worth - 2M (1.25M liquid). Kids college fully funded. Plan to FatFire in the next 10-15 years (by age 50), with around 5M in investments, plus 2 paid off residences. + +Max out yearly 401ks for both (56k each in 2019), max out yearly Roth for both (6k each in 2019), contribute 5K monthly to brokerage account, pay off mortgage with remainder. Mortgage will soon be done, and will be able to contribute more to brokerage account. Additionally, this year my company allows mega backdoor Roth as an option with the 401K, which I am considering taking advantage of. + +Current portfolio: +75% stock, 15% bond, 10% REIT + +This is divided up between his/her 401Ks, his/her Roths, and an actively managed brokerage account (which will soon be moved to passive index funds). + +What account types would you allocate different asset classes to? I am particularly looking for information on bonds and REITS. + +Also, should I do the mega-backdoor Roth with some or all of my retirement contributions? I have never considered it before, as it wasn't an option to me. This isn't an option for my wife's 401K. + + +How do you all realistically put this common refrain into practice? I see this idea as being impossible for most of our FIRE dreams. It almost sounds like living the FIRE lifestyle now while somehow working a full-time job and investing 50% of your take home pay. + +If the life I want involves traveling the world or cruising for months on end or traveling the USA by car/railroad, etc. Nobody can reasonably do that and maintain a full time job. + +So, is this just a nice idea similar to "live as if you will die tomorrow." Something that sounds nice but cannot actually be achieved? i.e. if we lived each day as if it were our last we wouldn't go to work, eat healthy, exercise, etc. but instead perhaps live a life of pure self-indulgence without care for tomorrow. + +Any ideas or advice? + +Thanks in advance! +Aside from the ethics of tradies avoiding their tax obligations when getting paid for cash jobs, I've been getting quotes for minor renovations around the house for 1) invoice rate 2) cash rate where the cash rate is usually a 10% discount due to not paying GST. + +However, assuming they are a sole trader at the 32.5%-37% marginal tax rate and they are avoiding paying tax through the cash job, theoretically shouldnt the discount for their work be much larger because of this unaccounted assessable income? + +Not sure if I may be overlooking something! +Looking at getting married this year and whilst we don't want it to be a small dinner and that's it, we certainly don't want to spend more heaps of money on a wedding as we personally would prefer to use this money for investments. Has anyone here had a wedding which you felt kept costs low? + +Some thoughts I had were +1) rent a rural airbnb property which had land and a big house and a do DIY wedding +2) use a friend as an MC and have Spotify DJ. No need to pay for a DJ who honestly is horrible most the time +3) Organise a catering company which is cheaper. Could consider pizzas instead for example. Obviously even cheaper is make our own food. + +I feel like the moment you mention wedding the prices really hike up.. +I was explaining the CGT discount to my wife, but when she asked why it exists at all I had no good answer. What's the idea behind it? I was thinking that perhaps encouraging people to hold shares for longer gives companies better financial stability, but I'm just guessing. +Despite all the fanfare about how Covid would reduce Sydney property prices, making it more affordable for first home buyers, I don't really believe this is the case... + +I also wonder how the multiple property owners or would be land lords are doing..These are the ones following some property gurus elaborate strategy to juggle multiple properties whilst being mortaged to the hilt...The type that owns multiple properties on paper but is one interest rate hike away from being swept under, relying on rental income to keep the multiple properties up in the air.... + +Arguably this type of buyer is responsible for the inflated values of Sydney property..Whilst international students and other prospective tenant inflow has been affected by Covid, Im just wondering how these mortgaged landlords are coping with their repayments.... Does anyone have some insight into this? +I just want to whinge about the ATO for a second 😂 + +I’m way more tech savvy than my partner and because we have simple finances I do our tax returns online through the ATO. + +This year we went to login to his online ATO account through mygov and it came up with an error saying identity couldn’t be verified or some such. + +So he calls up the ATO to see what’s up. After an hour of being on hold the ATO asks him a bunch of questions and say they can unlock for three days but then he’ll have to wait for a person “higher up” to permanently unlock it. We are like ok that’s pretty annoying but we can do the tax in three days. So we get it all done but then realise a week later we need to go in to get some screenshots - queue this time we are on hold for like two hours (so annoying). We ask about unlocking permanently and they say that Someone will call from a private number and I’m like woah - how are we able to verify it’s actually someone from the ATO and they say “they’ll call from a private number and say they are from the ATO” I’m like yeah that’s not ok, with all the scams going around we need to be able to verify you are actually the ATO + +Anyway, they then send a letter saying they can’t unlock his online account because apparently someone tried to login to his account and change his bank details and the only way they can protect his account is by locking it, so every time he wants to access it he has to call them up and provide his details and they will then unlock it for three days. We put a complaint in to appeal it and they came back again and have said the same thing. + +First of all - every other website / company has security measures in place to ensure there’s no data breaches why do the ATO seem incapable of this? Does the govt not have resources to provide adequate security protection? + +Secondly - they didn’t contact him to ask if he was the one that logged in, maybe we entered a different bank account? + +Thirdly - the way to access ATO online is through mygov and it’s already set up for 2 factor authentication? + +It makes no sense that someone would try to breach his online account? This year is the first year in a decade that he’s had any sort of refund and it’s hardly worth worrying about. +Are governments always this incompetent? + +ARGHHHHHHHH +As an attorney, this is not meant as legal advice or strategy, but whatever firm he hires to defend himself I propose all the legal scholars backing this movement to get active and donate time and resources. + +The traders and analysts have done their jobs, let’s do ours. I’m not saying work for free, or buy or hold anymore, but this suit and many others will drain DFV and honestly if probably the intended consequence. + +Worst case he deceived by not PUBLICLY disclosing his positions at his employer, but if you didn’t have the assets to mess around, you shouldn’t have invested and the argument they will make is that he intentionally deceived and consequently many lost out. + +Was he negligent? Probably. Willful? Doubtful. But this case should be taken up with the EFF, as I’ve noted in the past. + +This is about trading, and hedges yes, but it’s also escalating to a freedom of speech issue and internet regulations wjll become a focus of future legislation as a result. + +Those are my 2 cents, now I’ll take those, buy more AMC and hold to the moon! Obligatory 💎🙌🏾🤑🚀🚀🚀 + +UPDATE: Watching the Congressional session is so embarrassing. The correct issues don't seem to be coming up. It'd be great to get an AMA with Congresswoman Maxine Waters. + +Update 2: thanks for the awards. To the people who have reached out in support of helping after clerkships or offering legal expertise, thanks. I’ve reached out to colleagues to see what recourse and standing we’d have and jurisdictional issues. + +And as I’ve mentioned. If this hits 1000 upvotes I’ll reach out personally to the EFF to petition for support on other constitution grounds. + +This whole thing has been fascinating and you apes are a special breed. +Everything I’ve read talks about how stock splits increase a stock’s attractiveness to a “wider” audience (aka poorer investors). But how does that matter in an age where you can just buy pieces of stock? Is it just a psychological play to change the perception of a stock’s affordability? Even though now all stocks are (at least partially) affordable? + +EDIT: +Taking the popularity of this post as at least a sign that I'm not the only one who was confused. Lots of good points here that I hadn't considered - mainly the effect price per share has on the options market. + +That said, I feel like the options market is a big reason why folks feel like the market is disconnected from reality (and gamified). I wonder if this plays into why BRK-A never got a split. Maybe Buffett knew that derivatives are cancerous, so having an obscene price effectively insulates it from anything outside of buy-and-hold plays. + +Also, never knew the Dow was weighted by stock price instead of market cap. What a crock of shit. +US and EU have lifted the sanctions from IRAN after they fulfilled their promises. What impact will it bring to world economy as Iran will now be able to bring its oil to the international markets. +Not sure where to post this, in /r/investing or here, but check this out: + +*In a land where feudalism is the way of life, you have two cows. Your Lord is entitled to and takes only some of the milk.* + +*Where fascism reigns, you might have two cows as well. Under a fascist regime, the government will seize both of your animals and hire you to take care of them. then it has the audacity of selling you your own milk.* + +*Those same two cows, owned by a farmer who lives in a communist state, the animals are yours to tend. The government in this case simply owns all of the milk.* + +*Under capitalism, the law of the land here in the United States, if you have two cows, you could sell one and buy a bull. You would breed the animals and then watch as your herd grew in size. You could then sell out of the business you created, take the profits and invest them, and eventually retire on the income.* + +*With Enron, you have two cows.* + +*You borrow 80% of the forward value of the two cows from your bank, then buy another cow with 5% down and the rest financed by the seller on a note. This note would bear interest of twice prime. This note would also be callable, which means that the lender could call the note due, in this case, if the value of your publicly listed company falls below $20 billion. You have put up your stock as collateral so this calculation is very important.* + +*You sell the three cows to your publicly listed company, using letters of credit opened by your brother-in-law at a different bank. You then execute a debt/equity swap with an associated unit so that you get four cows back, plus, as an added bonus, you get a tax exemption for a fifth cow.* + +*There's more.* + +*The milk rights of six cows are transferred via intermediary to a Cayman Island firm secretly owned by a majority shareholder, who sells the rights to seven cows back to your listed company. The annual report now tells the shareholders and analysts that you have eight cows with an option on one more. Your auditors say it's okay because they were in on the transactions and acted as consultants . . . after the fact.* + +*Now you are all set to disclose, via press release and conference call with analysts, that Enron, a major owner of cows, will begin trading cows over the Web. Analysts call you the new economy, talk up your shares into the stratosphere and you sell huge amounts of stock.* + +*This you use to buy the most expensive shredding machine available.* + +- Written by anonymous, published by *Barron's* on January 28, 2001. + +Anyone want to explain this to me like I'm 5? What's/was the big deal? +I feel naive asking this... + +I don't like labels, but I would say that on a list of things that interest me, most of them are liberal... + +I admit to making fun of Bush. I thought he was stupid. I thought he was incompetent. I disliked how him and his cabinet and cronies ran the country like w saloon in the wild west. + +But.. + +It seems that for as much criticism as Obama gets (what president doesn't) that there are many who are unsatisfied with his "role" in the economic recovery. + +Is this country on an ever-decreasing decline that no president can ever fix? + +Is this even in the hands of the president? If so, how much? + + +If we account for wars and things like drug policy, are we still ever going to have a consumer/retail base that thrives as it has in the past? Will employment ever get better? Who is responsible? + +I ask only because it seems that many are quick to issue critiques on the capabilities of our leaders but offer few sentiments about actual things that could be done without quoting nebulous, non-specific talking points regurgitated from their favorite pundit on cable. + +Would we be here if McCain was elected? + +It seems to me that we would rather make our leaders scapegoats because they're easy targets with regards to certain issues. +Just by reading the title you know what this is about. I lost money to AMC, GME. Not anywhere near people I see in WSB, but right now, I am down $1500. I know this is loose change for a lot of you and honestly, it's not an amount that's going to put me on the street or anything, but it was my summer earnings that I saved for a trip to New York and cities around (I am from Canada). + +I am a business student, currently in University and investment finance always seemed very interesting and fascinating to me. So, since Canada banned non-essential travels between US/Canada borders, I was left with vacation money which was around 3000 USD. + +Instead of putting it in a savings account, I decided to finally start investing. I was using subs like r/stocks, r/personalfinance, r/personalfinancecanada for forums and was doing my own market research (the best somebody can do with little knowledge), learning, and was super excited to finally find a sector I wanted to invest in. Renewable Energy. I invested all of my $3000 in $PLUG, $FCELL and the rest in companies that are safe like $AAPL, $WELL. It was fantastic. In just around 2 months, I made over 40% on my 3000$ capital and I was really proud of myself. I was motivated to do more research, learn more, and I felt good about myself (University grades were great, potential internships coming soon hopefully), it was just perfect. + +And then the GME, AMC thing started. So much contents, memes, to the moon post, that at one point, I completely lost my common sense, my rational part of the brain stopped working, I went from speaking like a normal person to... You know what I am talking about. My emoji recommendation changed to the rocket, diamonds, it's like I completely lost myself into a wild cocaine party full of booze and tequila marijuana smoothie with mushroom garnitures and I drank them all and decided to become a R... (As they say). + +My senses came back today morning once I finally noticed what I had actually done, and realized how much I went against all the single concepts and fundamentals I used to start trading. + +I am still holding, because well, market's closed but I seriously don't know what to do. Good companies go back up. Gamestop has nothing backing itself up except rumours of a potential short saueeze and faith of millions who went all in. + + +It's not the $3000 (net) that's bothering me, it's just that, I started out like a normal person who was doing amazing and got turned into a cult member. I am not hating into anybody of WSB, I don't even blame them. I blame my own judgement. I learnt my lesson but then again, it's not like I didn't know what I was getting into. It was mostly stupidity and greed I think. + +Any advice, any suggestion, any smack in the head, reality check would be appreciated. Sorry for the rant. This is the only sane community that deals with stocks currently. + +Edit: I would like to thank you all for all these amazing advices, for your support and for sharing your perspectives. They are interesting and motivating. I would love to reply to all of your comments but it's getting tougher and tougher with so many responses. I just want you to know, I really appreciate it and I am grateful for all these rational explanations. + +Edit 2: To all of you WallStreetBets people, who are directly attacking me personally in comments or inbox, I get your sentiment and I just want you all to know I don't hold anything against any of you. I hope it hits the moon so that I regret giving up, and you all make up your loss. I feel better even if it makes me 'weak' and 'paper handed'. +im sure this has been posted before, but i was too excited not to share with the community. I just transferred over 0.1 Bitcoin ($1000) for 1000 pennies. $10.00 is what it costed, and it took like 18000 seconds. transferred from non-2FA protected exchange (cause they have no problems for me to feel safe making trades) to my kucoin. I trust kucoin enough to use them. +I've been following Bitcoin for about 4 years now. Having studied computer science and being interested in finance, Bitcoin is absolutely fascinating for me. I invested in Bitcoin early and I have been making small monthly purchases for about 3 years. I have a nice tidy sum invested. + +I have also been closely following the Bitcoin scaling debate. At first I thought this was something that would resolve itself as there are many smart people involved (much smarter than myself) and it would be in Bitcoin's best interest to come up with a common solution. + +However, I have seen this devolve from a technical discourse to mud flinging and name calling. From what I can see, both sides are willing to cut off their nose to spite their face! + +For the first time since I invested in Bitcoin, I am truly concerned for the long-term viability of the community (and I was involved in the Mt Gox fiasco). At this point, neither side is willing to budge, and the brinkmanship is putting the entire community in real danger. While it is true that *technically* the fork with the best solution will win, the optics of a split to the MSM and others who are not familiar with the more technical aspects of Bitcoin will see a bunch of children name-calling and taking their ball and going home when they can't play the game according to their rules. + +In the case of a fork, I think both sides would be hobbled. Core would retain the excellent technical expertise and the wide community adoption, but would be severly reduced in hash power diminishing the security of the network. Also, with Roger Ver's 300,000 BTC, he could crash the price of Bitcoin if he chose to sell all of his BTC for BTU. BU of course has the power of Bitmain behind them, as well as Roger Ver's deep pockets. However, I can't say if the Bitcoin community outside the miners would really support BU if they forced a fork. I would imgine that many would then consider Bitcoin unreliable and either move on to the next Crypto or foresake cryptocurrencies alltogether. + +We desperately need a compromise between the two camps. Someone needs to be the adult and admit that both sides have made mistakes. Personally, I think SW+2MB blocks would be just fine, but that's just me. Regardless, somebody has to make the first move! + +If we can't make this work, then I'm afraid that Mike Hearn will be correct, and the community is just too toxic for any kind of long-term collaboration to happen. And that would be incredibly sad because this technology has such potential (and not just to make me rich...) + +I know my two cents won't mean much, but it would be a real pity if this community fractured and lost its momentum out of stubbornness. + +If you're wondering, I created a reddit account solely to post this message. I will be posting this on both subs. +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 don't know anything about **BBBY** yet. Stop whining about your puts not making a profit. Their earnings call is after market today. + +&#x200B; + +There was a clear out for profit on **DAL** today. If you got greedy and didn't take it, and THEN weren't prepared to hold you're a fucking idiot + +&#x200B; + +He said a "couple of weeks" for **BA** to "claw up" to $400. And he's not a fucking wizard that can predict news stories. You can have perfect analysis and it will get fucked all to shreds by an Orange Creamsicle tweeting during his afternoon shits and people filing lawsuits. +In an unexpected twist, this morning Anton Nell, developer for Fantom (FTM), and Andre Cronje, founder of decentralized finance (DeFi) projects like Yearn Finance (YFI), announced that they are quitting DeFi and indeed the cryptocurrency sector in general. + +&#x200B; + +Nell reports via Twitter that as many as 25 apps and services will be terminated on April 3. These include the following crypto projects: Yearn Finance (YFI), Keep3r (KP3R), Multichain (MULTI), Chainlist (CLIST), Solidly (SOLID) and Bribe.crv. + +&#x200B; + +https://preview.redd.it/9y8k59l60ul81.png?width=602&format=png&auto=webp&s=95eb11b9084970afae84486f8f4eb25ae1f75237 + +*"Unlike previous "building in defi sucks" rage quits, this is not a knee jerk reaction to the hate received from releasing a project, but a decision that has been coming for a while now. Thanks you to everyone that supported us over the past few years."* + +&#x200B; + +Thus Knell. The authenticity of the message was initially doubted, as Cronje no longer has a Twitter account. However, journalist Colin Wu reports that Cronje confirmed the news via LinkedIn. The tantrums Knell refers to are familiar to Cronje. He has threatened to resign before when things went wrong with some of his DeFi projects. Cronje had in fact launched DeFi projects a few times with the warning that they were not yet finished. Despite this, people put a lot of money into them that was then stolen when vulnerabilities were exploited by hackers. + +&#x200B; + +**Major damage Fantom and co the result?** + +Yet the community cries that "terminated" may be a misleading term. After all, not all projects are being shut down. + +&#x200B; + +To contain further damage, a number of projects have already announced that Cronje was not the only developer working on this crypto. The Fantom Foundation reports that more than 40 people are working on the Fantom platform. Also 'Banteg' from Yearn Finance says that as many as 50 developers are active. + +&#x200B; + +However, this may not be true for all projects. Some apps, such as Bribe.crv, now have a welcome message on the website stating that the service will be discontinued on April 3. Also, damage control seems to be working only slightly; the prices of many of these crypto received heavy blows this morning. + +&#x200B; + +For example, YFI is down 11%, FTM 16%, KP3R 27%, MULTI 19%, CLIST 7%, and SOLID a whopping 70%. Solidly, by the way, launched less than a week ago. The hefty declines seem to be pulling even the rest of the market along. +[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/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>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! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +This sub has a preoccupation with scaling, the blocksize debate and certain poorly coded alt clients... but Bitcoin is much much bigger and I can't help but think real innovation is being lost in the noise. + +What do you feel are important developments that should have gotten more attention? Tumblebit. Mimblewimble. Lighting come to mind but to look at this sub nothings happening. What's new? What are we missing in our impassioned myopia? +I received a call from Ebay today saying that I was not allowed to list bitcoin related hardware on their site. They stated that this type of product does not fit their "risk profile". I asked them for clarification and the lady seemed to think I was selling bitcoins. I'm selling ASICMINER USB Block Erupters. I told her that I have the product in hand and tested and she said it did not matter. + +She said that listing ANYTHING related to bitcoins violates their terms of service at this time. + +I then had all of my outstanding auctions deleted, even though I have recently sold several usb miners. They are not rescinding the auctions but I am doubtful they will let me list again. + +Has anyone else had this issue? Are there any alternative places I can sell this hardware? + +edit* - Recently found this thread on bitcointalk where someone had their paypal account frozen: https://bitcointalk.org/index.php?topic=202431.0 + +I'm thinking about trying to self list a unit I know my renters are moving out of in July. I've generally used the same agent for years, but she's been pulling double duty helping me find renters when her real job is as a buyer/seller agent. She, understandably, doesn't want to deal with the hassle of finding renters anymore, as she's busy enough as is. + +&#x200B; + +I have a fairly demanding day job but I work from home often enough I could show a place here and there, if need be. I live in Boston, which is a very hot renter market, and I've never had trouble finding renters. But I also don't see much of what goes on behind the scenes beyond "these people look good, here are their details". Do any of you self list your properties? I might try it with this one, and if it goes well, it can obviously save me a lot of money down the road on other properties. I also don't relish the idea of finding a new agent who may or may not be good. I've been working with my current agent for 10 years, and she is a trusted partner. I get the sense this is not super common with rental agents... + +&#x200B; + +If you have done it, what has been your experience? Where do you list? Does it turn into a big hassle? For context, rents in Boston are fairly high, and for this particular property I expect to pay $3600 (one month rent) to my agent. Historically, I don't mind paying someone to do all this work, do the showings, screen the tenants to the point I just have to say yes/no, etc. But it does add up, and I think I this one could be a good test case for future vacancies, as early summer tends to be a slow month for my day job. +For reference, I own a 3br, 2ba, ~1,600 sqft home in Texas. It's a nice neighborhood, and to dive into the details, PITI is $1,375/mo, with rental potential of $1,750-$1,950/mo. + +I'm considering moving to another city and renting it out. + +When my dad was younger, he had a rental property in Florida--and the tenants absolutely trashed the place. After not paying rent for 6+ months, they stole the grill, a ladder, destroyed the carpet, and left it as an absolute mess. + +How common is this? + +If I make the move elsewhere and rent my place out, how do I avoid a situation like this? Checking credit scores, trusting rental management companies, (I'm near a military base, which could help) finding trustworthy, accountable people... Any general advice? +Hi, + +Assuming I have rental income of 10k but my depreciation off my cost basis is 15k a year, and that I make 100k a year at my day job, does that mean my taxable income would be 95k? +If I am ok with buying anywhere in the country is it easy to find properties that will cash flow? + +I guess, what I am saying is that easy to find if that’s all you’re looking for. Not caring about appreciation only cash flow is it fairly easy? +I currently rent an apartment in Elkridge, Maryland. I have $38,000 saved currently. I have an extensive knowledge in remodeling houses. I plan to be in this area for another year or two. My plan is to buy a run down house, fix it up while I live there over the course of the next year or two and then sell for profit when I move (rather than throwing money away to rent). + +Is now a good time to try this? I know mortgage rates are low but prices are up. The concern is the prices may drop in a year or two and then I will lose money. My thought is, if I remodel the house myself I will save a ton of money on costs and if prices do drop, I will still be close to breaking even. Currently, rent is $22,200 a year. Essentially, If I live there, remodel, and sell after 1 year, I could be down $22,200 from what I invest and I would consider that as "breaking even" even if I put in the work into remodeling. It is not ideal, but I wouldn't really "lose" money since that would go to rent anyways. What are your thoughts on this idea? good or bad? thanks! +My wife and I are planning on investing heavily in real estate activities such as purchasing Single Family units and Real estate wholesaling next year. + +We’re taking any extra money from my salary of 160k + and investing. It would be about 20% dedicated to investing for my wife to play with in finding deals and being a Landlord for buy and holds. + +However, She could go out and make about 60k a year with a 9-5 and take that money and invest 95% of the income, but leaves less time in finding deals. + +Question for everyone here: Should I use my income to invest or use hers? +Serious question though. I just started investing. Now, I’ve been looking on the MLS listings, and loopnet looking for deals. Now, if a generational property pops up, wouldn’t the broker/agent want to buy it for themselves instead of passing it on to an investor? If I was a broker/agent, I would jump on the deal real quick. Is this unethical or illegal? Not sure + +I bought a house during the low interest rates a little over a year ago (2.8%). I am now wanting to buy another house and rent this property out even though the rental income may break even or potentially be at a loss, just so I can build equity. Is this smart to do or should I just stay in the house? I bought the house to get into real estate and the mortgage was cheaper than renting. I also don't want to sell the house because more than likely will never get a low interest rate like that again and I would also probably break even on the sale. Thoughts? + +Edit: I appreciate all the feedback. Definitely great advice here. +If you buy/develop existing real estate rentals, how do you see day to day money? Real estate is a long term game and takes time before you really start taking in the cash flow to be well off. It’s more wealth building. + +If you think refinancing is a strategy, ideally this money is used to buy other properties so how do you make enough money to take home and live off? +I'm a 34 year old single female. My 71 year father recently asked me to assist him with with his mortgage by paying his escrow shortage and from PMI for a total of 6k by December. He also wants me to continue fronting him PMI every year around 6k a year. In return he will add me to the deed of the home, which would make us co-owners of the home holding title as joint tenants with right of survivorship with 50% interest each. + +My father essentially swindled the home during my parents acrimonious divorce back in 2016. My father had been alcoholic throughout my parents 29 year marriage and could never really hold down a job. My mother was the main/only bread winner and started divorce proceedings in 2009 and finally left him that same year. My dad has had an irrational emotional attachment to the family home (mostly paid for by mom) and fought tooth and nail to keep the home during the divorce. Despite getting the home, he has never performed any maintenance on the home since 2009 it is heading towards disrepair. + +The market value for similar sized homes in good condition is around 600k. However, the pool has become a cess pool and needs to be redone, the Spanish tile roof has black mold all over, the landscape is a disaster, flooring in the entire house needs to be redone, and doors are now falling from hinges because of wood rot. My father has become a hard core hoarder, suffers from various personality disorders and cannot maintain this 3500 sq ft home on his own. He is basically living in squalor and the home has become an eye sore for everyone in the neighborhood. I believe that the repairs to the home, to make it comfortable to live in, would be around $180k. + +He has a mortgage left of $150k left to pay on the home and a HELOC loan 50k from which he has taken 15k. + +My question is, is this a good deal? I am my parents only child, but I never got a long with my dad and have barely spoken to him in a decade. I was not allowed in the home because of his paranoia, so I've just moved with my life and cut him out. However, he called two weeks with this offer to add me on to the deed if I gave him 6k by December. He suffers from mental illness and is a run of the mill sociopath. Therefore, I am very skeptical of his offer. He is incredibly manipulative and am scared that I am walking into a trap. I own my own property out of state and recently moved back to Florida. Our family home is located in Orlando. As much as I would love to save my family home and eventually own it, I would like some advice on whether this is a good long term investment, considering that I will mostly likely have to deal with my father for the next 20 years possibly and will have to subsidize him by paying for maintenance and PMI. PMI will most likely be 6k every year (taxes $4200 and insurance is around $1100). +Everyone I talk to seems to think their neighborhood is getting gentrified or getting developed and somehow their properties will be worth tons in the next few years. What are some things to look for when looking into a market? +Hi all, + +I'm running some numbers on a potential investment property that I'm interested in, and the returns are competitive: + +* \~15% CoC return - 28K annual gross profit on initial investment of 190K (down payment + closing) + +However, even with modest home appreciation assumptions of 3.5%, the returns of hypothetically investing all of the cash needed in the real estate transaction (down payment + subsequent PITI payments) into the stock market with a 5% return far surpasses the total return I'd get from the investment property in a 10, 20, 30-year horizon. + +Now I know the stock market hasn't been doing too hot lately, but a total market return of 5% seems pretty conservative if we look at the last 50 years. + +Am I wrong to include the investment of the PITI in the stock-market case? Most articles I've come across in my research never mention that component and only mention the initial cost of investment of the down payment and closing costs. + +Happy to share the model for a deep dive if people are interested. Thanks in advance! +My parents had a rental agency handle all the tenant screening/rent collection, etc. when they were doing the single family house rental thing (although they still had quite a bit of usually friendly contact with their tenants, which I never really understood if they were paying for an agency wall). They swear up and down that using an agency is the way to go although they won't tell me how much it ate into their profits if any. + +Anyway, I'm now thinking about purchasing a 3/2 single family home and putting it up for rent. I'm not good with people at all, don't have much time on my hands (I work about 60 hours a week), and don't know anything about home repair. Obviously I don't have the time or skills to be a successful landlord on my own and I admit that. (I might not even go through with this plan.) My father, on the other hand, is *great* with people and also quite handy around the house, so he was more of a natural fit for this. + +Anyway, will hiring an agency eat into the profit margin if any thus making this already dicey proposition even less financially sound? + +Hey there! I live in texas and currently own a couple houses. I plan to liquidate everything in around 12 months. The seller realtor fees will be a good chunk of change. + +Is there anything that would stop me from getting my real estate license and simply selling the houses personally? My main reservations are... would I need to find an office to work with and pay their fees? Does MLS access come once you are licensed or after you are licensed and working with a brokerage? +Some states have weak asset protection laws(ie california) and other states are known for being pro- LLC(ie wyoming). I personally live in Louisiana, does anyone know if it’s a state with strong asset protection laws? My second question is if you happen to live in a state with weak asset protection laws, would you consider establishing a holding LLC in Wyoming that holds individual property LLCs from other states. Or is this just too much work? +My wife died totally unexpectedly at the age of 29 due to amniotic fluid embolism (AFE) in the middle of June. Our baby survived and he is doing well. She loved the idea of creative giving. One of the last things she added to her bucket list was to do a "scholarship treasure hunt." It combines two things that we valued most education and being connected to nature. + +I am going to do this in memory of her for school age children (7-12) to win for post secondary college but I have no idea how to setup the money part of the scholarship. I don't want to just give a check to the winner because then parents can just use it for whatever. Any idea? Whatever help or insights people can offer in regards to setting up the financial side of things would be very much appreciated. Love and gratitude. +edit: clarification +back in march i really had no idea what i was getting into. Or anything about investing at all. i just hopped in. Once in though you will read a few things that WILL jack your tits and have no idea what they are talking about. Have no fear though, this sub is full of smooth brains. you will notice that in lots of the top posts here, there is a post that says wut mean? With a fairly easy " EILA" explain it like ape. If you have questions just ask, we are all still learning here. What i have learned since i jumped in in march though, has made me completely zen with my investment. Everyday is pretty hype now, its fun. It seems like everyday there is something new to jack your tits! it never gets old haha +All credit goes to @TheCryptoFam's [twitter thread](https://twitter.com/TheCryptoFam/status/999407808041930752), but I found it to be a great summary and wanted to share it with our community. + +1) THE BITCOIN BEAR MARKET: A brief thread + +https://imgur.com/DexgbyB + +2) Bitcoin reached its all time high (ATH) on December 17th of 2017, the exact date that CME futures trading began. In retrospect, it is now obvious that smart/institutional money was stocking up before that date. Hindsight is 20/20. + +https://imgur.com/ifJ335e + +3) Since 12/17/17, Bitcoin has been in a bear market. The remainder of this analysis will focus on patterns observed during this market downturn, as well as signals for when it might come to an end. + +https://imgur.com/BPu5mmj + +4) The bear market has consisted of 3 major drives down, represented by black arrows in the chart below. We are currently in the midst of the 3rd drive down, awaiting a bottom. More on that later. + +https://imgur.com/Wb8Q4xa + +5) Each of these drives down have followed a very similar pattern. First, you see a fake-out dump (orange lines), then a failed rally (grey lines), then finally the major dump (blue lines). + +https://imgur.com/vffEyu3 + +6) Within this pattern, there are important details. Each greater leg down is made on lower selling volume, marked by black lines at the bottom of the chart. This chart is a composite of the volume from Binance, Bitfinex, Bitstamp, and Coinbase. + +https://imgur.com/EBvt8iX + +7) Not only is selling volume lower, but the drops have been less severe. Each component of each leg down is less steep than the previous leg down. RSI, a momentum indicator, also shows selling has been less extreme. The trend is “flattening out” + +https://imgur.com/lhPaubI + +8) So what does this mean? In our opinion, the bear trend is running out of gas. Bears/whales/market makers held a great supply of BTC that they pumped until 12/17/17. As they sell BTC and drive price down, their share of the total market supply is decreasing. + +https://imgur.com/EhoXGln + +9) This is a very simplified explanation of how markets work. A great deal of the total BTC supply is not traded. Some is lost forever in idle or forgotten wallets. Other Bitcoin is hodled by strong hands who never sell. This gives MMs greater power with their share of BTC + +https://imgur.com/kFG5Uh1 + +10) Now we can begin to understand why each leg down is less severe. Because MMs/whales hold less BTC at the start of each leg down, their power to lower the price with market sells is reduced. + +https://imgur.com/yEv9dKK + +11) All of these signs point to an imminent end to the trend. Bounces are not going as high, while bottoms are not as low. The black lines show this convergence. It is almost time for whales to begin accumulating their BTC again, rather than distributing/taking profits. + +https://imgur.com/qoyPcVj + +12) Again, this is a simplified explanation of how markets work, but it’s more useful than strictly following fundamentals or news intended to deceive. Hopefully the market patterns make more sense to you now. The chart says we’re almost ready to go up! + +https://imgur.com/xCBVKVt +All credit goes to @TheCryptoFam's [twitter thread](https://twitter.com/TheCryptoFam/status/999407808041930752), but I found it to be a great summary and wanted to share it with our community. + +1) THE BITCOIN BEAR MARKET: A brief thread + +https://imgur.com/DexgbyB + +2) Bitcoin reached its all time high (ATH) on December 17th of 2017, the exact date that CME futures trading began. In retrospect, it is now obvious that smart/institutional money was stocking up before that date. Hindsight is 20/20. + +https://imgur.com/ifJ335e + +3) Since 12/17/17, Bitcoin has been in a bear market. The remainder of this analysis will focus on patterns observed during this market downturn, as well as signals for when it might come to an end. + +https://imgur.com/BPu5mmj + +4) The bear market has consisted of 3 major drives down, represented by black arrows in the chart below. We are currently in the midst of the 3rd drive down, awaiting a bottom. More on that later. + +https://imgur.com/Wb8Q4xa + +5) Each of these drives down have followed a very similar pattern. First, you see a fake-out dump (orange lines), then a failed rally (grey lines), then finally the major dump (blue lines). + +https://imgur.com/vffEyu3 + +6) Within this pattern, there are important details. Each greater leg down is made on lower selling volume, marked by black lines at the bottom of the chart. This chart is a composite of the volume from Binance, Bitfinex, Bitstamp, and Coinbase. + +https://imgur.com/EBvt8iX + +7) Not only is selling volume lower, but the drops have been less severe. Each component of each leg down is less steep than the previous leg down. RSI, a momentum indicator, also shows selling has been less extreme. The trend is “flattening out” + +https://imgur.com/lhPaubI + +8) So what does this mean? In our opinion, the bear trend is running out of gas. Bears/whales/market makers held a great supply of BTC that they pumped until 12/17/17. As they sell BTC and drive price down, their share of the total market supply is decreasing. + +https://imgur.com/EhoXGln + +9) This is a very simplified explanation of how markets work. A great deal of the total BTC supply is not traded. Some is lost forever in idle or forgotten wallets. Other Bitcoin is hodled by strong hands who never sell. This gives MMs greater power with their share of BTC + +https://imgur.com/kFG5Uh1 + +10) Now we can begin to understand why each leg down is less severe. Because MMs/whales hold less BTC at the start of each leg down, their power to lower the price with market sells is reduced. + +https://imgur.com/yEv9dKK + +11) All of these signs point to an imminent end to the trend. Bounces are not going as high, while bottoms are not as low. The black lines show this convergence. It is almost time for whales to begin accumulating their BTC again, rather than distributing/taking profits. + +https://imgur.com/qoyPcVj + +12) Again, this is a simplified explanation of how markets work, but it’s more useful than strictly following fundamentals or news intended to deceive. Hopefully the market patterns make more sense to you now. The chart says we’re almost ready to go up! + +https://imgur.com/xCBVKVt +So recently I had my Debit Card's number stolen and it was used to make a couple ATM withdraws. I noticed it and immediately called my bank to cancel the card. They said that they did but the next day another $300 was taken from the account. I called again and the new customer service rep told me it was never cancelled. I am furious because more money was taken from me based on the first customer service rep's negligence. I have already filed disputes for the charges but is there anything else I can do? +Essentially had a $1000 of "play money" to see what I could do and in just over 2 months I doubled my money. Honestly don't really know what I'm doing yet, but starting to read up on how to do research from others, but mostly playing off others recommendations with a bit of my research afterwards. Any advice on how to really learn about this type of investing? +On the 3rd of January 2009, The Times published a front page article with the heading "Chancellor on brink of second bailout for banks". + +These words were stamped in the Genesis block of the Bitcoin blockchain. + +While Nakamoto never clearly stated the meaning of the message, many have interpreted it as a reference to why Nakamoto developed Bitcoin: to cut out the banks and middlemen that he saw as corrupt and unreliable, electing to create a more people-driven currency. + +It [transpired](https://citywire.com/funds-insider/news/bank-of-england-reveals-secret-61-6bn-loans-to-rbs-and-hbos/a369533) the Bank of England provided emergency funding of **£61.6bn** to crisis hit banks at the height of the financial crisis. + +On Tuesday night, the yield on any new long-term government borrowing had risen to 5% – the highest level since the global financial crisis of 2008. The rapid upward move in gilt yields had implications for mortgage rates, overdrafts, company loans and pension funds. + +[As a result, the Bank has responded with a temporary and targeted round of quantitative easing (QE) – the bond buying programme that it originally launched in early 2009.](https://www.theguardian.com/business/2022/sep/28/banks-intervention-may-not-mark-the-end-of-market-mayhem) + +It plans initially to spend **£65bn** – £5bn a day – buying UK bonds until mid October. + +The Bank has not paid for the bonds in cash, it has created the money with a guarantee from the Treasury, which means that every pound is covered by the taxpayer. + +It's been pointed out that this money printing has predominantly been used to [bail out the pension funds of the Boomers (58 - 76).](https://www.manchestereveningnews.co.uk/news/uk-news/pension-funds-would-collapsed-today-25131648) + +It's worth while pointing out everything that's happening in the UK is largely without a mandate from the British people. A group of politicians ousted the Prime Minister with one of the largest electoral mandates in history (13,966,454 votes). + +It became clear that many had an agenda to further their own career. The replacement PM Liz Truss was voted in by just 81,326 members of the Conservative party. Now she's taking the country down her own completely new experimental financial path which is never appeared in any conservative party manifesto... crashing the gilt market and pound as she goes. + +Things got so bad that another unelected, unaccountable party... the Central Bank of England.. undemocratically prints £60+ billion out of thin air to predominantly bail out boomers (of which there are many among them)... adding to the taxpayer tab to be paid off by subsequent generations going through their own cost of living crisis. + +In short... thank fuck for Satoshi and Crypto. It may not be perfect but at least today there are freely open, transparent, democratic and decentralised alternative financial systems we can participate in should we wish. That's fair and true democracy. + +**TDLR** + +In 2022 the Bank Of England has just repeated a similar styled money printing bailout that inspired the movement behind the worlds first crypto Bitcoin in 2008/9. Let's hope the actions of today's undemocratic financial and political elite, inspire a whole new generation to keep driving the decentralised financial revolution forward in the same way. +I’m sure it’s likely he’s been so quiet due to the risks and legal concerns. But just think of the ape meltdown if his update was a screenshot of his shares sitting in CS? + +It’s just another sign of how fucked this game is that CNBC and Cramer can spout all their bullshit propaganda, bringing in that shit who told people to sell more and ask questions later, while DFV is gagged, Burry has to speak in tongues, and Reddit gets accused of market manipulation. +My old employer overpaid me on my final payback. I’ve let them know and they’ve sent me a final payment advice with a debit amount, except they want me to pay back the super contribution with after tax dollars (37%) instead of them just reversing a portion of the contribution. + +I don’t think it’s fair to pay back the super contribution at 37% when it’s only been taxed 15%. + +Ever since then, complete radio silence from them. + +Any advice giving them money back? +I've heard of so much Forex scam courses going on saying you can quit your full time job, retiring early etc. What about options? Is it a game of probability as well? Anyone living a life by trading their options strategies and how is different from forex? + [Read Only Version of Google Sheet for Comparing Daily Price Change With Multiple Markets' Short Volume](https://docs.google.com/spreadsheets/d/1emNB6-oMHNk42IaHpJ-67i5PL-Dg2OFblIp50zTH3PI/edit?usp=sharing) \- Go Nuts Everyone! + +&#x200B; + +Last night I looked into SNDL and started comparing activities across the various markets that I could find, two for NASDAQ and FINRA's off-exchanges volumes. I sort of expected the relative volumes to be comparable in ratio, but they're not. + +No, in fact there is some SERIOUS delay in tracking when markets start to swell up in short volume. If you look at Figure 1 you can see that they don't really seem to follow each other at all most of the time. + +Except, when the different market volumes DO start to overlap and follow each other, THAT is when we see the larger dips in stock prices for those days! + +&#x200B; + +Now if you look at Jan 27th and Feb 10th in Figure 1 you'll see that NASDAQ PSX short volume peaked high, and FINRA and NASDAQ Boston synced up and peaked the very next day. + +[Figure 1: Jan28th and Feb 11th were the largest dips, and also when NASDAQ B and FINRA short volumes started to sync up! ](https://preview.redd.it/2dj8tyjpqzg61.png?width=569&format=png&auto=webp&s=99aba3f5759d0272c401877acdef93cfea37e73d) + +Yes, it is really easy with hindsight 20/20 to say "OH YEA IT WAS IN THE DATA RIGHT THERE" but I noticed something from another "penny stock" and made the same plot for the different volumes in the market. + +[Figure 2: Same plot for different stock, showing similar trends as SNDL.](https://preview.redd.it/f5a16zi7tzg61.png?width=657&format=png&auto=webp&s=d631425582fb2593c9041ecc90805bdd2e231861) + +Here, we again see the THREE DIFFERENT MARKETS dont usually line up, but when THEY DO START TO SYNC, the price has the largest dips the next day! + +So if this is correct, than it's possible to see dip the next day **IF the NASDAQ PSX ShortVolume and FINRA Short Volume begin to move together** towards a peak. We'll see tomorrow, but I think this will show a drop tomorrow of over 20% + +&#x200B; + +**TLDR:** + +* Using only 2 data points(stocks) I was able to draw a trendline! +* If different markets start to sync up in volumes, the next day seems to have the largest dips in share price. +* IF my shit analysis is correct, than Boaty Stock is going to crash by over 30% tomorrow, MAYBE + +**Edit 1:** Added the links to where you can find the volume txt files, but I've been having issues with the FINRA site, have to clear the browser sometimes or it takes you to a login screen. + +[NASDAQ Volume Files I'm Using](ftp://ftp.nasdaqtrader.com/files/shortsaledata/daily/)[FINRA Volumes Files I'm Using](http://regsho.finra.org/regsho-Index.html) + +&#x200B; + +**Edit 2:** Was asked to see how my "theory" checks out with today's dip in TLRY: + +[Edit 2.5: Updated the TLRY data out to Jan 11th, and HOLY SHIT! Only Time the 3 markets sync up and peak is when the price plummets!](https://preview.redd.it/h5yrk8dof0h61.png?width=524&format=png&auto=webp&s=f7c89947359119453a375ee37a56578d524a18ed) + +[Edit 2.75: TESLA, this janky ass theory seems to hold for TSLA?!](https://preview.redd.it/a01t7j8q41h61.png?width=458&format=png&auto=webp&s=a9ae45aa3c1bccc557f410a210ff331bd4039297) + +**Edit 3:** BoatyMcBoatFace -4:30am 16% !!! 5am -13%, 9am -20%, 9:25am -13%, **10:30am -18%, Noon - 15%, 1pm - 15%, 2:45pm - 14%** + +**Edit 4:** WELP.... -15%, I guessed 20% above, then 3 lines down I said 30%. Now gotta wait till 6pm to get FINRA numbers to see what the 3 volumes looked like. + +**Edit 5:** FINAL EDIT, with all the market volumes falling. No idea what it means when they all dip still fairly tight like that, need to go through more data. + +&#x200B; + +https://preview.redd.it/2nyzdcflo4h61.png?width=684&format=png&auto=webp&s=d7d81eb1b1dd90cd4a1b0526b2c82cac9e128302 + +&#x200B; + + [Read Only Version of Google Sheet for Comparing Daily Price Change With Multiple Markets' Short Volume](https://docs.google.com/spreadsheets/d/1emNB6-oMHNk42IaHpJ-67i5PL-Dg2OFblIp50zTH3PI/edit?usp=sharing) \- Enjoy :-) + +&#x200B; +The book’s name is : Naked Forex: High-Probability Techniques for Trading Without Indicators + +What do you think of the author’s approach to trading ? + +He assumes that technical analysis (indicators) are not a good tool to trade . + + +What do you think ? +Hi guys, I'm new to daytrading and started about 3 months ago because sales has been really bad and I need a side income which could hopefully turn into full time income in the future. Thankfully I only lost about $100+ when I realised that I am going about the whole thing wrong. + +I felt that if I was going to look at this as potentially a full time income, I should start treating it as one and spend some time learning before I go at it with real money again. I've read Mark Douglas book on how to look at trades along with a few other books but finally decided that I prefer Al Brooks methods and am spending most of my free time reading Al Brooks books while I also spend like 1-2 hours practicing a day. My plan is to give myself 6-9 months studying before I start with real money again. + +My concern is that I am going about this the wrong way and I end up wasting 6-9 months, could any of you guys with experience let me know what you think of my plan? Thank you in advance for your help and replies 🙂 + +Edit : Sorry, I did not mean that I am hoping to be successful after 6-9 months, I understand that this is much tougher than expected. My plan is that for 6-9 months I'm going to put more focus on studying and reading books to understand day trading better, and after that I will start putting more time on practice and lesser time on reading +I realise it's quite ridiculous to be frustrated about this, but is there anyone that's able to frame this in a better context so i can overcome this problem? +I’m asking because for the next two weeks I’ll be a lot on my car for work, and I was wondering if TITZ (lolz) has a lot of graphics that needs to be read or if it’s pretty much text. I have it on the list for a while and thought that could be the occasion. Thanks everyone +So now that ‘black Friday’ is here, and I know a lot of people say it’s a cop out~ but since this sub loves a deal, I thought it would be good to have a post where people can list some good deals.. I’m currently looking at an iPhone 12 pro from vodaphone, £66 a month for unlimited data (I use a lot). +My wife and I live just outside London and have 2 young children. I earn about £34k a year which is enough but with bills, mortgages, we are just about managing. I feel our problems would be solved if my wife started working. We could save everything she earns and use my salary to fund everything. + +My wife doesn't work because she feels that it's my responsibility to provided for the family. She is from india so has a view that it's not right for her to work. + +Child care isnt an issue. We live next door to my parents and my father takes them to and from school, and they are happy to babysit them for an hour after school. + +I think its the ideal time for her to work, we could save up and move to a better area in a few years or save to set up the kids future. But forcing the point is just going to cause problems. Any ideas. +It goes without saying that the price of University education has been flying upward in the USA and shows little sign of stopping. + +So what's your plan for paying for it? Pay cash out of savings? Keep working? Hope for financial aid? Expect your children to borrow? + +Personally I find student debt truly toxic and will try hard to keep my children out of it. I'm not expecting financial aid to be useful at my wealth and income level. So I'll probably keep working until they finish. But even still if they go to private universities it's going to really do a number on my savings rate for years. +Every now and then, there is a refreshing post to ease the pressure on FIRE-ing too early for better mental health. This will be that post. + +As many of you are likely familiar with the feeling, I was desperate to attain FI because of a shitty job that kickstarted me on this journey. I am normally a very upbeat dude but my job stressed me out a lot. I searched for ways to make more money so I could retire early and found this sub when I was 26. That was 6 years ago. + +The added pressure to attain FI in a VHCOL market also added to the stress and I couldn't bring myself to splurge on things because of the thought that it would delay my ability to reach FI. This affected my relationships as well. + +I'm 32 now and have adjusted my goals a bit. Before, I had no target FI age. It was just about reaching my target FI number of $2M ASAP. I realized this was a horrible way to go about it and will cause undue pressure and stress if you do this. + +Today, I've projected how long it will take me to attain FI by maxing out my 401k and Roth IRA alone at a modest 6% rate of return. I'll hit it around age 50 or so. Once I realized this and that I only had about 18 years of work left, that really felt good. I also married recently and convinced my wife to also max out her 401k and IRA. I believe we could technically retire even a few years earlier now but time will tell how the market goes. + +Anywho, once I realized that, I made some splurges this past year and I've been the happiest yet. + +I've gotten myself some workout equipment (bench, dumbbells, elliptical), and new 77" OLED tv, new stove, new king mattress, new kitchen table. I feel my life is in better health and I am happy to now have a presentable home to host family and friends. I probably spent $15K on "material" things this year. But in the grand scheme of things, this will only delay my retirement by what... A year at most? Sure, some things will need to be replaced again in the future, but I'll have likely have 10 years of happier living in exchange for 1 extra year of work. + +Point is, give your chance to live in the now too if you're feeling too much pressure to reach FI. + +Of course, this assumes you are already well on your way to FI. I am not recommending you to splurge if you haven't figured out your FI number and already put a plan into place to reach that. I'll also add that I started maxing my Roth IRA at 19 and contributed the minimum to get my company 401k match since 22. I started maxing out the 401k once I found this sub at 26. So get yourself to a good spot first, then don't forget to enjoy your life. +I know. You just buy and forget it. Yes. I know. And yet I am that dumb. + +I had been holding AAPL for long. Years. It felt like it has run up too much and is definitely going to reverse from 165. Sold a call option. Got called. Ended up selling the stock. I was just so convinced that this 28 multiple with 2% revenue growth was going to reverse. Especially if they increase the price on iphones, how can you justify spending so much when its going to be a recession. Just felt way overbought. Every hedge fund is feeling the recession fear in 2023 and wants to hide some place and I think that is what is driving this crazy multiple right now. Plus the AAPL event coming up in early september. + +And today it got upgraded and 2 bucks away from where it started the year. + +You cant believe the kind of FOMO I am feeling right now to just go and buy it. But I am resisting. + +So, yes, I made that cardinal mistake. Bring on your, you are so stupid comments. I deserve it. + +But along with it, if you have gone through this, share your experience and suggest a few constructive next steps. I do want to own AAPL in my portfolio in future. May be I can do something with this money in mean time, till I find an entry point in AAPL. +Hi, before you get your pitchforks out please let me elaborate. + +Let me take you back to freshman economics and reteach you guys about a simple thing called supply and demand. Supply and Demand determine the price of things, we can look at how these prices are determined below: + + +Supply goes up, demand goes up, **Price depends on other factors** + +Supply goes up, demand goes down, **Price goes Down** + +Supply goes down, demand goes up, **Price goes Up** + +Supply goes down, demand goes down, **Price depends on other factors** + +We only need to focus on one of these 4, **Supply goes down, demand goes up, Price goes Up**. When this thing pops it's going to POP, I'm talking numbers no one will ever have anticipated, now let's peel back the skin and dive into this. Once this stock starts to reach into the $1,000s, paperhands, doubters, and all the people that didn't know about this are going to severely wish they had every single one of your shares, the demand for the shares that you hold will just keep going up and up and up as the hedgies get that sweet sweet margin call, and the price continues to skyrocket. The hedgies will want your shares, retailers will want your shares, anyone with a dream of getting rich quickly will want your shares, and every single person I know has a dream of being rich fast with no effort. If supply goes down severely, which it 100% will, and the demand for the shares is insane (Margin call), the price will go into the Kuiper belt. No guys I don't think you still understand, this is the equivalent to having bitcoin in 2013, the equivalent to going all-in on Leicester City vs Manchester City. This is absolutely huge, and the numbers that those people won are nothing compared to what you are about to win. + +The Demand for this stock is only going to rise and eventually, we will hit that 10,000,000 floor (start writing big numbers like this btw). But the way that I see this is, this 10,000,000 floor is a simple form of **PRICE ANCHORING**. People are throwing this number out like they actually have intentions to sell during the MOASS. **THE MOASS HAS THE POSSIBILITY TO BE AN INFINITY SQUEEZE**. It's simple, they owe more than 100% of the float, you name your price, seriously. Guys, you are going to soon have the most wanted thing on the planet in your possession, **EVERYONE** will wish they were you with your shares. Why on God's green earth would you ever sell something that is only going to continue to rise in price, it's your personal hedge against inflation. You just have to sit there and the price will keep rising, no actually, you literally have to do **NOTHING** and these shares will rise in price. If someone came to you and told you that you have to do nothing to get rich, you would think they are crazy, well here I am telling you that you have to do nothing to get rich. Do you think I'm crazy? + +**tldr: 10,000,000 floor is price anchoring. Demand is going to be insane and infinity squeeze is a possibility. Whatever price you want, you can name it.** + +EDIT 1: I mistakenly forgot to mention that constantly throwing around a 10,000,000 number may confuse some people into thinking that 10,000,000 is a **CEILING** and not a **FLOOR**, that's what I'm scared about, its ok to have a floor, but I'm sure some people are considering that as a ceiling. + +not financial advice of course, i can even tie my shoes what makes you think i can give financial advice +I am aware that eating healthy and eating cheap are not mutually exclusive but they often don't align. I am curious where a lot of the people on this sub lean towards. On one hand, eating cheap will speed up your time to FIRE, but on the other hand the whole point of RE is to be young and healthy while retired. Anyone want to share their philosophy on this subject? +I am 36 yrs old and technically have enough to retire - $3 million in assets which generated $125k of passive income last year. My annual income is approximately $500k per year and I have young kids. + + +We provide a lot of activities for our kids, but generally live well below my income level. I think about two things when it comes to Early retirement: 1) will my cost of living requirements go up through unknown kids' expenses and lifestyle inflation? 2) my income growth has a good trajectory so it's tough to think about retiring giving up so much near term income. I expect my compensation to double in 5 years. + + +I know I am super fortunate. I could technically retire today and cover my costs, but I still struggle with these two issues. Shouldn't I just work at least 5 -8 more years and get into stronger situation where I wouldn't have to worry about money? + +Thanks for any advice. +I'm looking to revamp my personal finance curriculum. I have switched positions from a state-mandated curriculum to a private school/flexible curriculum and so can make adjustments as needed... and would LOVE additional input. + +What do you think is the most valuable piece of personal finance information for 16-18 year old students to know? + +(Side note: The majority of my students are not planning on requiring student loans...lucky them..) + +edit: WOW. I love hearing these responses and am thrilled to find validation in some of the lessons I already teach and great ideas on how to make them better. For those who were wondering - I found that only four states in the US are required to teach personal finance and mine just happens to be one of them; I had no idea. It should be everywhere, so many of my students say this is the most useful class they take in HS. + +Again, thank you so much. I'll be spending many plan periods sifting through this data! :) +2021 was a great year for majority of the market, most of the cryptocurrencies pumped alot. Some even did 100x and still pumping to this day. There were some disappointing coins as well which had many expectations but failed. Then there were some coins/tokens which literally didn't pump on it's own but got dragged upward by BTC pump. So which coin you are or were holding that you have no hope for it's future. Mention the reasons so it helps others to make their own decision. Also I would like to know what made you invest in that project. +I have talked with my financial adviser and am about to cut him a check for 50k to put in to mutual funds towards my future. The fees on the account are 1.25% annual. This account is only available to people that have an account over 50k. He has shown me some pamphlets about how this account is better then a lesser investment because of the attention paid to it by his company. I already have my Roth IRA with him. Which they took 5% up front and now 1% annual, but I make to much to put into that account anymore. Does this this investment sound reasonable? or should I look somewhere else? + +Edit: Wow I did not expect this kind of response when I went to bed last night. Thank you all for the information. It looks like I have a lot of home work to do. It might help if I give a little more background on the whole situation. I am fairly young(26), and I choose to go with this financial adviser because he does this for a lot people I work with and they all had good things to say about him so I figured that it was the right thing to do, but it looks like I am wrong on this. Again thank you all for the response. I will spend my day off today researching the suggestions. +Hello all, its another usual post everyone loves where some one, I this time, asks where they should out their money. + +For context, my wife and I are both 22, make good money, and the only debt we have is 10K on my car that's worth 15K. + +Within the next month we will recieve about $12,000 as a gift. Since I'm the one who usually handles money, both mine and hers, I'm not sure where the best place to put this money would be. We have a combined savings of $25,000 and combined investments of $45,000 which is down significantly from the recent activity. + +There are a number of places I'm condiering placing this money: + +a) Rent, we will be moving to a new apartment that will cost no more than $1100 a month and we're thinking of just paying the whole thing upfront so it's out of sight out of mind. (I know, we'd buy a house when we get a chance but we're apply to postgraduate school and will likely move) + +b) increasing savings, our monthly expenses, currently, are only about $1500, so we are well above a year's worth for an emergency fund so this is on the less likely end + +c) IBonds, I was thinking about taking 4K out of each of our savings and maxing out IBond investments since it's a guaranteed return of nearly 10%, won't be needing the money anytime soon. + +d) increasing investments, with the market this far down, its nearly a no-brainer to throw as much as possible back into indexes and solid companies with the guarantee it'll go back up. + +e) Roth IRA, also thinking about partial investing, or possibly fully maxing out, our IRA for this year, if not maxing out, might put 3K into each of ours and buy indexes and put 6K towards any of the other options. + +I should also note that we are very comfortable talking about money and together make about $80,000 (she's part time) with annual expenses around $18,000 a year to increase to about $25,000 a year. I'd love to know everyone's insight and opinions as we are open minded to a lot of things seeing as we have a lot of time to invest, thanks in advance! +As is the case with so much in life hindsight is 20/20. We have a comfortable home that will be paid off in 8 years. home is worth around 600k. The problem is that while I love the inside of my home, I am in a zero lot line and there has been too much construction in the area making me feel like I am in a concrete jungle. I would love to buy what I should have bought 10-15 years ago which is in a slightly nicer area with just a tad more space in between homes. Problem is that now that place will cost me $800K at least. I have the money for the deposit, so my plan is to keep our home as a rental for a while. But at the same time I think this would be downright dumb to do. I feel like we are too old and too close to having a paid off home to get into another mortgage which would come with the inevitable higher taxes. Should I just forget it and appreciate that I have money in the bank and a nice roof over my head? +Amongst the benefits of having an NUS extra card are... + +- 6 months free Amazon Prime membership +- 10% off at co-op +- Student entry prices for venues +- 12% off 16-25 railcard +- Free cheeseburger at McDonald's + +And so much more: https://www.nus.org.uk/en/nus-extra/discounts/ + +How to get the card: + +Sign up to this course, which costs £4 and is registered with NUS. + +https://www.gogroopie.com/deal/1rowtbjwey/ + +Follow email instructions to register and remember what you set as your password as you'll need it to get the card. + +Head over to NUS Extra website and apply for a three year card (£33.50 incl. postage) - listing 'eCareers' as your educational provider. + +Fill out the details, entering your 'Student password' and bandabing badaboom you have your three year NUS Extra card for £37.50 and 15 minutes of your time!! + +Happy saving! + +**(Posted again after adjusting title at request of Mods)** +I'll be short and sweet and try to keep the emotions out of it. Long story short, my fiancé told me she is done. I came home from work to the ring on my nightstand and her telling me she's done. My question to r/personalfinance. We have an apartment together. Both of us are on the lease. Do I stick out the next 7 months of our lease or move to a new place and pay both rents? Current monthly rent for my half is $700.00 all in. I make appx $65,000 annually with almost no other expenses. (Company car, gas card, health insurance, etc) + +Second question. Does anyone know if it is possible to sell engagement rings for near what you paid? I paid ~$18,000 for the ring. Do I have a chance of coming anywhere near that reselling it? + +My brain is a little scattered right now so I'm sorry if some things don't make sense. Any advice and guidance is appreciated. + +Thanks, +Ryan + +**UPDATE** +I should have mentioned, we are both on the lease. My share of the rent is $700. It is $1400 total per month. This is where moving out/breaking the lease becomes complicated. I would still be financially obligated to cover the rent if she cannot afford it (if I move out). +[Link to article](https://www.thecut.com/2022/03/how-to-retire-by-30.html?utm_source=fb&utm_campaign=thecut&utm_medium=s1&fbclid=IwAR0ReJ1WwoD-RYHZJtK7BxXSbjLwi46xENblc_5Ca7vZRFR4nEslD2rBIx4) : What It Takes to Actually Retire by 30 + +>Long before TikTok, proponents of what’s called FIRE (Financial Independence, Retire Early) have pursued early retirement. But on the app, the movement built on aggressive saving, investment, and frugality has found a new audience — and come up with new strategies for piling up cash. + +The author of this article talks about FIRE community among the TikTok community. A quote I found interesting pulled from the article: + +>Gen Z could be uniquely primed to retire early — they get a personal-finance 101 class every time they scroll through social media, and according to a 2021 Goldman Sachs Asset Management [report](https://www.gsam.com/content/gsam/us/en/advisors/about-gsam/news-and-media/2021/Goldman_Sachs_Asset_Management_Retirement_Survey_and_Insights_Report_2021_Press_Release.html) on retirement, 25 percent of surveyed Gen-Zers plan on retiring before age 55, compared to 17 percent of millennials and just 8 percent of Gen X. + +&#x200B; +When I look back at where I was financially a year ago, the difference is incredible. I was at the maximum end of my overdraft (£2500) from when I was a student, £1200 into my credit card, and had a £1500 laptop to pay off (it was a stupid luxury, but I don't regret it). Budgeting and financial planning has put me in a position now, where my only old debt that's followed me is my overdraft, which still stands at £1500, but should be gone by the back end of July. I've gone from £5200 debt to £1500 in the space of a year, and soon enough that student overdraft will be left behind me. As a long time lurker in the community, I've picked up so much good stuff that will put me in good stead in years to come when saving for a house. So 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 see low levels of government debt, young workforces, and currencies that are slumping to levels that should promote exports. Why should I avoid these countries? If I plan on holding any investment for 5+ years, what reasons would you all give me for not taking a position in, say, Mexico, or more radically, Turkey? +I see low levels of government debt, young workforces, and currencies that are slumping to levels that should promote exports. Why should I avoid these countries? If I plan on holding any investment for 5+ years, what reasons would you all give me for not taking a position in, say, Mexico, or more radically, Turkey? +I've been on this sub a bit and notice a lot of posts complaining about workload/general frustrations/work-life balance/etc. + +I want to know what are some great benefits to working in the finance industry? + +I clearly know pay is a huge factor. Just interested in other people's thoughts. +I see low levels of government debt, young workforces, and currencies that are slumping to levels that should promote exports. Why should I avoid these countries? If I plan on holding any investment for 5+ years, what reasons would you all give me for not taking a position in, say, Mexico, or more radically, Turkey? +I am curious as to how the libor scandal has changed the way companies do interest rate swaps? Does anyone have an industry opinion on what will happen with libor? +I am curious as to how the libor scandal has changed the way companies do interest rate swaps? Does anyone have an industry opinion on what will happen with libor? +Every bank has one (or several) strategist(s). It seems that all they do is make market calls that are right about half of the time. Do they actually contribute to what the banks do? Like shifting risk exposure to certain asset classes, telling traders to buy/sell more. + +Or are they just there for publicity? +I feel like the majority of people here including myself are lurkers and rarely post anything but this needs to be said. u/gherkinit latest DD, the state of gme, is a must read. Through all the FUD I’m glad he is still working hard to try to understand what is going on with gme. Him and his DD are the main reason why I can remain zen holding xxx shares. Ape no fight ape. The wealth of information this subreddit has lost because of a few squeaky wheels is disheartening. Buy, hodl, drs +I don't mean just in terms of the recovery over the last six months... Even pre-COVID, couldn't help but hear about how PE ratios and the Shiller CAPE are near historical highs. But isn't it silly to consider those valuation signals without the context of interest rates? After all, the biggest alternative to equities is bonds. Given that bonds are near historical low yields, isn't it to be expected that stocks be at historical high valuations? The way I see it, [the spread between (stock) earnings yields and bond yields](https://www.yardeni.com/pub/valuationfed.pdf) is substantially higher than it has been in the past, implying that stocks are undervalued. + +4% earnings yields (25 P/E ratio) sounds terrible and like the stock market is overvalued... but only compared to the past, not compared to current alternatives (\~1% for risk-free). +but it’s a possibility today was a trial run. Even it it wasn’t, we have to be prepared for that eventuality. + +My plan is BUY & HODL. + +Any other thoughts on this? +After 4 years of college I realized that there is a large profit margin for leasing apartments to college students. What are the variables that I need to consider? I know nothing about property leasing protocols and hope to put my cash liquid into an area where I don't need to calculate as much risk. Any advice would be appreciated. +Hi AusFinance community, + +I've had enough of overthinking and overanalyzing this situation so hoping for some thoughts and help. Sorry in advance for the long post. + +A week ago we attended an auction in Brisbane where we were the highest bidders at $1.2mil. The auction was a bit of a flop, there was only 1 other bidder there and no one was willing to make the opening bid. In the end the auctioneer kept putting in bids on behalf of the vendor, starting at $1mil, then $1.05. Then $1.1mil. We then put a bid in of 1.15mil. The other bidder tapped out at 1.18mil, this was her max. We came in with 1.2mil as our highest bid. The auctioneer kept pushing for us to go higher, ultimately pausing the auction, speaking to the vendors and then coming back to quietly tell us that for 1.3mil it would be ours. I told him we were sticking firm to 1.2mil. He then put in a vendor bid of 1.25mil. And ultimately the auction was passed in. + +We went home dejected, and after some deliberation, we decided to put in a formal offer of 1.25mil (unconditional) to the seller on the grounds that it was signed and confirmed that day or we were withdrawing the offer as I wasn't comfortable with having a contract offer that we had signed floating around that could be signed a week later and effectively locking us in when we may have changed our minds. The agent called that evening to say that the vendor wanted to speak to his financial advisor so as it stands, we could withdraw our offer for now until we heard further. + +The full week has passed and we haven't heard a single thing from the agent. In addition, they are running an open home this weekend. As this is in QLD, I would also assume that if there were other offers on the table, we would need to sign a multiple offers contract, so we would know about this? + +We are confused - our offer is well above what anyone was willing to pay for the property on the day. Many people in the room balked and whispered in shock about the vendor wanting 1.3mil for the property, and were likely even shocked we were willing to bid to 1.2mil. The 3 open homes we attended up till auction day were quiet (3-5 groups coming through each time only) and we never saw the same groups twice. So at this point I feel like we were the most serious and emotionally invested buyers, yet the agents haven't bothered to get back to us? + +Is it that the vendor (a property developer) has unrealistic expectations of achieving 1.3mil so the agents are showing that they are working hard to drive more interest and get other offers? + +Sorry for the rant, but it's been a week of overanalyzing so would love to hear your thoughts. + +Thanks! +Houses in my area go for $1 million for a modest house in a modest neighborhood. While I'd be able to afford the down payment on a place, I cannot afford the monthly. + +My understanding is even if the purchases were happening off exchange, or in dark pools or anything like that, they’d still be accounted for in the total volume at the end of the day, so the total short volume being above 50% for almost the last 100 days, while short interest remains stagnant, and some days even drops seems impossible. + +Are loaned shares counted as part of the volume, and if they aren’t sold short and eventually returned instead, not added to short interest, but still counted as short volume since they were loaned? + +I know the data we have is unreliable, but what would cause something like this to occur that doesn’t set it off as strange to people more accustom to the market? +I’m young (21) and just started my career. I started building interest in the field (computery stuff) back in elementary school and pretty much stuck with it ever since. I started to lose interest midway through high school, but I stuck with it anyway since it was what everyone expected me to. + +I went to a really good CS university and now have a high paying job. The only thing is that I hate my job. Even when I went to college I kept thinking about switching majors literally every single quarter. I didn’t ever switch because I knew so many people dream getting the opportunity to be in my major. + +Within a month of starting my job I began to hate it. I’m burnt out, getting really unproductive at work, and I feel like I need to do something about it or else I’ll end up unemployed. I know a ton of people hate their job so it feels really unfair for me to complain. At least I’m getting paid well for my job. Not many people get that luxury. + +At this point I’m only staying because I need to help my parents out and because my SO is chronically ill and has expensive medical costs which I want to be able to support when if/when we get married. Many hate their jobs, but how do they do it? I’m trying really hard to push through and do it for the people I love and care about so much, but it’s getting to feel impossible for me. + +What I always wanted to pursue was music. I know it’s not a good career and not practical. But I can’t even listen to music on my own anymore without feeling upset that I can’t do that. The last time my girlfriend turned on the radio I just broke down crying. I know this sounds really dramatic, but I’m just trying to find a solution. + +People tell me to do software development work with music companies, but I’ve done that before and it wasn’t any better. I just really hate this field and this job. I’ve hated it for years and hated it more than I ever loved it. + +How do you all do it? +My wife had breast surgery. The location, surgeon, and everything else was in-network. Except this one anesthesiologist. He is billing us direct for the amount not covered. We have gone through insurance twice. + +We weren't told he was out of network. Should we have asked every single nurse and doctor in the place? + +Options now? What to do next time? + +Update: + +Call just now. Cigna already processed an In Network Exception (we had called once before to "send it back through") + +Dr. Just hasn't cashed the checks. + +Thank you all for the help. You were all mostly right and together completely correct in my course of action. +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. +Around 6 years ago I had to go to the emergency room and at the time I didn't have a job so I was unable to pay. The bill was originally put on my TransUnion report around 2010. I have always kinda struggled with life so I have never really had the income to pay it off. + I was looking forward to it being off of my credit report soon as the way I understand it is that it stays on there for 7 years but when I checked it again it had been closed and then reopened on Transunion and newly added to Equifax and now has an opening date of 2015 on both of those. Is this normal? Do I now have to wait 7 more years or is this something I can appeal and if so how? +Thanks for any help\information\advice that you can provide. +Per this [article](https://www.reuters.com/technology/exclusive-reddit-seeks-hire-advisers-us-ipo-sources-2021-09-02/), Reddit seems to be aiming to become some sort of meme stock valued at approx. $15 Billion. They are still preparing for their IPO to be released sometime next year but it mostly depends on market conditions but for now their preparations for an IPO are confidential (My bet is Spring 2022). + +Right now, they don't have a release date for their IPO but I think they are aiming to become a meme stock. What do you guys think? + +EDIT: Ok so nobody in any article stated the CEO wanted it to be a meme stock. It was just an article in Business Insider that speculated it. My mistake. +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) +**Representative David Scott Contact Information** + +WASHINGTON CONGRESSIONAL OFFICE + +468 Cannon House Office Building + +Washington, DC 20515 + +ph: (202) 225-2939 +fax: (202) 225-4628 + +JONESBORO DISTRICT OFFICE + +173 North Main Street + +Jonesboro, GA 30236 + +ph: (770) 210-5073 +fax: (770) 210-5673 + +SMYRNA DISTRICT OFFICE + +888 Concord Road, Suite 100 + +Smyrna, GA 30080 + +ph: (770) 432-5405 +fax: (770) 432-5813 + +Edit: Personally I wrote a polite but strongly worded letter and I sent it registered mail and to the fax numbers provided. + +Don't harass anyone. But you have a right to express your opinion and this man is trying to treat you like a criminal. +**Current Time: 9:11PM** because that's who the fuck I should've called.. + +*How to consume: Please read slowly for maximum enjoyment.* + +Greetings, + +I am finally here to tell the story.. + +I wish I was making all of this shit up.. + +I will share with you my thoughts, what happened, how I felt and of course how I was able to fly my fighter jet back onto WSB's aircraft carrier. + +Before I tell the story, I saw a lot of bullshit on Death to GME PT.3 about holding options to expiration.. + +Are you guys fucking retarded? Do you retards actually buy options to HOLD until expiration? Why the fuck would you ever? And don't give me any of that shit that I held an option overnight, dickwad, after I tell this story it'll make sense why I did. + +**Options are the equivalent of flying a fighter jet.** + +You stand still, one bad maneuver, you don't see the fucking mountain, you don't hit the right angle, and you end up plastered on the fucking wall and now some dork is jacking off to your loss porn. + +**My fellow WSB pilots know that your mental state must be Hiroshima.** + +No doubt, no fear, you buy that fucking option, fly through the mountain, hit the fucking angle, drop the bomb and get the fuck out. This ain't a fucking LEAP, we play 0DTES, we play weeklies, we come with our fucking balls! + +**If you don't care for the story, I'm alive and well and printed lunch money, not 420% money.** + +*I could've made my 420%, if my broker didn't press the eject button on my fighter jet seat to sub me out and stick another pilot in mid flight..* + +**For the record:** +**I'm not blaming anyone or any entity, at the end of the day everything that happens to me, is my fault. I put myself in this position and also got myself out of it.. utilizing my huge fucking ballsack.** + +Read on boys.. + +\---------------------------------------------- + +**Start Time: 5:01AM PST.** + +**Date: 07/22/2022** + +**Mission: Death to $GME PT4.** + +\---------------------------------------------- + +I wake up feeling absolutely great, like every other fucking day. + +I then summon one of you loss porn WSB retards through my UberEats app to go fetch me the blackest coldbrew Starbucks can offer. + +$14.84 +$5.00 tip puts this goddamn coffee at **$19.84.** + +&#x200B; + +[It's almost like George Orwell set the price on this coffee and was trying to tell me that Big Brother was watching me build this position and he'd soon fuck me right in the ass..](https://preview.redd.it/eo6tsox7l6d91.jpg?width=1284&format=pjpg&auto=webp&s=8bd01d112a6af19ad439bba7198fbc25c99fa312) + +I then pop 2 pills of Onnit Alpha Brain, 5 pills of Onnit Shroom-Tech, throw on Miserlou by Dick Dale and start shadow boxing. + +We're ready to instantly sell the contracts I held overnight because why the fuck else would I hold these overnight, right boys? + +Market opens, boom as expected, my fucking gains are there, I instantly turn into Mr.Burns. + +&#x200B; + +Excellent.. + + +They're not big gains, but I was compensated for holding overnight. + +I go into sell them, and.. + +I can't. + +Charles Schwab did not let me buy or sell these into the market at open. + +My 60K positioned had turned to 75K for a \[15K/25%\] profit and I watched it vanish right before my eyes. + + I had a strong feeling the open would be down then $GME price would go up, the options would lose their value, I would buy them again, because my ballsack, I mean, my conviction said to do so and.. + +That's exactly what happened, options started in the green, went into a loss, then went into a 455%+ gain. $0.45 to $2.5+ + +That was the 420% muthafucking play. + +**THAT WAS THE FUCKING PLAY.** + +*And if you don't think I was actually going to do this, read this entire post.* + +[For the retards, look on the right hand side, the Day's Range shows the fluctuation of the price of this contract up until the time I took this screen shot, it could have gone higher, I didn't bother to check, I was getting ravaged in the alley out back.](https://preview.redd.it/ls1zv5zlw5d91.png?width=2453&format=png&auto=webp&s=8bba3b48bb65799069462dcfbaa62e9a490182a8) + +&#x200B; + +https://preview.redd.it/ryhe1ewax5d91.png?width=845&format=png&auto=webp&s=9323c32a2e47b73f489ba37337f39152589e1d09 + +I designed a precise plan, and it was amazing to see it unfold but I wasn't able to press the buttons. +I'm not here to slander Charles Schwab but what they did was uh.. + +**Here's the 30 second story on the 2 hour ordeal.** + +I called Charles Schwab, I let them know what was going on and they said they were sorry and would look into it. I'm placed on hold for 10 minutes and then.. + +This cunt sends me back to Charles Schwab's automated menu as my GAINS are staring me right in the eyes and I am unable to do anything. + +So then, I've gotta run the bitch back, type the account number into the keypad, YES, AT SCHWAB MY VOICE IS MY PASSWORD. + +Ah, it was fucking great. + +I get a new agent on the phone, no wait, I get the **new** muthafucking jet pilot on the phone, explain the situation to him and he says he doesn't think this can get fixed today and he's happy to buy or sell any option over the phone. + +What the fuck? +Who the fuk is this guy??? + +Homie.. + +I'm the fucking pilot, I press the buttons when we buy or sell. + +The guy then eventually says.. + +"Wait, I can't even pull these options up on my end, I can't take an action on them. We have a problem, please give me a few minutes." + +**I wish I was making this shit up.** + +I was now confused and got into "eject, eject, mentality" which is the worst when trading options. Conviction only. + +And at that moment.. + +I instantly accepted the loss and just started to breathe. + +I'm talking 4-4-4 breathing. + +Navy Seal shit, none of that panic breathing you cunts engage in. + +The position at this point had lost all gains and now it was just my cost basis and I, looking at each other. + +I was no longer Hiroshima, I was back..to being one of you fucks.. + +I didn't feel like my fighter jet was mine anymore. +It sucked, but I kept breathing. + +The new pilot came back on the phone and eventually let me know how I could get back in my seat and take an action to buy or sell and well.. + +They removed the handcuffs, got me up from being on all fours and said.. + +"Go on dickhead, limp your way the fuck out of here." + +I'm telling you guys.. + +IT WAS FUCKING GREAT! + +So as I limped back into my fighter jet. + +My jet started to increase in speed.. + +The mountains started to close in on me.. + +All in one moment.. + +Is this it? Do I crash the fucking jet and live to fight another day? + +Do I let down my fucking boys!? + +**I blew the position up intraday.** + +I was out of sync with the options price movement, I usually am staring at price action and option price movement of a contract when I trade and unfortunately, I was "troubleshooting" Schwab's interface with the dude on the phone, going back and fourth with him on what could be wrong. + +I was dazed and confused and also... down -30K/50%. + +Yup, I didn't even capitalize on the 150P/37.5P that was printing. + +My fellow pilots know the importance of being in sync with price movement of the option and well I couldn't think straight after Big Brother finished sticking that huge red white and blue dick up my ass. + +So yep.. + +I pressed it, the eject button. + +&#x200B; + +[$30,000.00\~ gone.](https://preview.redd.it/tadw2u2ox6d91.jpg?width=880&format=pjpg&auto=webp&s=b7d8b6242331eae07b7f453bfa22b807af6402ca) + +I finally landed back on the WSB aircraft carrier. + +As soon as I landed I kept my head down, I didn't let anyone see me. + +I started to hear a bunch of retards that don't put their money where their mouth is discuss my position. + +I continued my 4-4-4 breathing. + +I then started to ask myself.. + +Who's the biggest sick cunt? + +WHO'S THE BIGGEST SICK CUNT ON WSB? + +EH? + +WHO! + +WHO'S THE BIGGEST SICK CUNT OF THEM ALL??? + +WHO'S THE MADDEST OF THEM ALL? + +&#x200B; + +[There's always new jets to board m8s](https://preview.redd.it/6tuwjwa617d91.jpg?width=615&format=pjpg&auto=webp&s=9a4dc843f22bd4b2b2bb97880b1a463eef52a14e) + +And as I turned the corner.. + +There she was. + +A Fighter Jet I had flown, just yesterday. + +I then began to speak out loud.. + +This is my Jet. + +There are many like it but this is one is mine. + +My jet is my bestfriend. + +It is my life. + +I must master it as I must master my life. + +Without me, my jet is useless. + +Without my jet, I am useless. + +I must shoot straighter than my enemy who is trying to kill me. + +I must shoot him before he shoots me. + +**I will.** + +And just like that.. + +I was back in the jet I had just flown yesterday. + + +**HER NAME:** + +**SPY 07/22/2022 395.00 P** + +https://preview.redd.it/5cwow7t097d91.jpg?width=1920&format=pjpg&auto=webp&s=8f3e67f27b49999b6f12d41d9cfccd8aa753a833 + +**HOW I FLEW HER:** + +[\\"Talk to me goose...\\"](https://preview.redd.it/sfu4sl0ey7d91.jpg?width=1200&format=pjpg&auto=webp&s=0fa8a973745bac3cbc53249ccd47f16677d70030) + +I entered the position at **400** SPY contracts @ $1.08. + +https://preview.redd.it/nsjoy8rwj8d91.jpg?width=1284&format=pjpg&auto=webp&s=161bb98bbaf835190975ce0ae3974bdf1d4d0a8e + +The position rose 59%, I said.. + +Perfect, let me grab my phone like an absolute FUCKING retard and take a screenshot for everyone on the internet that doesnt give a flying fuck about me. + +\*SNAP\* + +Awesome, got it! + +Time to quickly sell them. + +&#x200B; + +https://preview.redd.it/ch3hi8qql8d91.jpg?width=2048&format=pjpg&auto=webp&s=cdb75e200f259f1175d5371c9d528c17cc758a7d + +FUCK. + +I accidently bought 400 more SPY puts @ 1.73\~ + +**That's an additional purchase of $69,200\~** + +Can you tell that I was **still** mentally fucked from the big red, white and blue? + +&#x200B; + +[I goofed. ](https://preview.redd.it/smkvx0q5m8d91.png?width=1665&format=png&auto=webp&s=0e3238cfc633b71029592268b4669de0612b3924) + +Only seconds later, I go in to correct the issue \*cough cough\*, like ACTUALLY correct the issue, you catch my drift? + +&#x200B; + +https://preview.redd.it/1fpa3wojm8d91.png?width=1648&format=png&auto=webp&s=4e411d9fc8de83d522cd0cfd05ec940ff41af322 + +$1.74 to $1.96 + +$0.22 x 400 x 100 = an additional $8,800 for being retarded and trying to entertain you fucks and of course taking it right in the ass at opening. + +Cashed out for a total of $156,800.00 + +For a gain of $44,000\~ on the SPY puts. + +\-30K on that ass play. + +\-4K SQQQ retard play. + +**$10,000.00\~ GAIN for the day.** + +I could've had this and some early this morning but it looks like life tried to drag me.. + +Not on my watch. + +To the boys, I made a couple thousand bucks, just lunch money, sorry I failed you on the 420% play. + +I tried my best. + +**And that my friends...** + +**Is the definition of a Phoenix.** + +**Burned into the ground, ravaged and pillaged only to rise again.** + +**Tune in next week for Death of $GME PT5, I am upping my position.** + +**We are not done.** + +&#x200B; + +To the victor belong the spoils, + +leanturkeyforlunch + +&#x200B; + +**P.S** +Please for the love of god, do not try this at home. I've traded SPY and GME alongside each other like this before successfully and this looked like the perfect setup for how I trade(coming in and out intraday, multiple times) so that's why I did it. + +**P.P.S** + +I started filming a video of my screen trying to close the positions, while trying to get on the phone with Schwab, if you guys want to see it, just type "Respek m8" in the comments. + +&#x200B; + +**P.P.P.S** + +The Charles Schwab thing on the phone was professional by the way, I wasn't an asshole and it did sound like they were genuinely trying to help me but weren't prepared for options to split this way or maybe my account was fucked, either way they did apologize for the issue. I believe Charles Schwab did not properly update their interface/systems/agents to allow the regular trading of an option to work if the option split into a decimal. See the image here: + +&#x200B; + +[I even clicked on my position under where it says \\"GME\\" next to the word \\"Put\\", that's where I usually click to manage a position, and it wouldn't work. All on video. Tried on multiple computers, cleared cookies, etc. I was able to trade other options, just not any with a decimal, until later in the day when I was limping around.](https://preview.redd.it/jepfa5l058d91.png?width=2500&format=png&auto=webp&s=5a6a9844d26e2951522f22ab8f61811801b7b8b3) + +**Sources:** + +Hiroshima: [https://youtu.be/NF4LQaWJRDg?t=116](https://youtu.be/NF4LQaWJRDg?t=116) + +Dick Dale - Miserlou: [https://www.youtube.com/watch?v=mKpsuGMeqHI](https://www.youtube.com/watch?v=mKpsuGMeqHI) + +George Orwell 1984: [https://youtu.be/ZkKUNuMHIOg?t=18](https://youtu.be/ZkKUNuMHIOg?t=18) + +Full Metal Jacket - This is My Rifle: [https://www.youtube.com/watch?v=nkGIxGdZoYY](https://www.youtube.com/watch?v=nkGIxGdZoYY) + +&#x200B; + +**This is not financial advice.** +All strategies are profitable on paper, provided that you have parameterised it correctly. Now obviously that is over fitting. We are essentially looking at past data, and figuring out what parameter to set - and more often than not, this results in overfitting. What would a strategy look like without indicators/look back periods? + +I am trying to explore the realm of parameterless strategies, however, I am kind of lost on where to begin. Any examples of a truly parameterless algorithm that I can take some inspiration from? +I'm a casual lurker of this sub, and please tell me I'm wrong, but it seems that there [might] be some real talent here but the general vibe I get from this sub is "don't trust signals and learn your own fucking strategy", which is generally followed by nothing of value. + +So I guess my question is - why won't you share your strategy? Do you think the quants will steal it and beat you to your entry/exit? If not, why? +Hi all, + +I'm looking to have about 3-5% FX exposure in my overall portfolio (which is currently 70% equities, 10% commodities, 20% cash/bonds). This would ideally move my allocations to 70% E, 10% C, 15% C/B & 5% FX. + +I have literally zero desire to "learn forex". Instead, I view currency markets as a potential source of yield that could also act as a hedge against a bear market (in equities), which we'll probably see sooner than later... + +Anyway, from my research over the last month or so, it seems like the most legit sources of passive exposure are Horizons' ETFs (HARC & HGC), as well as PIMCO's emerging currency MF (PLMIX), with monthly distributions. There's a few other MF's, but all have similar prospectus & performance. + +Speaking of - the performance of those funds isn't exactly mouth-watering. At best, they appear to be an alternative to Bonds or CD's. So that's why I'm posting here, and it brings me back to my original question... + +Are there any legit, MANAGED FX funds that a passive investor like myself could utilize? Something with greater-than-nominal yield? + +Since this is risk capital (5% of total), I'd consider alt structures. Doesn't necessarily have to be an ETF/MF. + +Any ideas? + +Thx +So I guess my question is.... where are the best places to learn fundamentals? I’ve read and practiced hundreds of hours if not thousands of watching price action, studying patterns, etc... for me I think it largely boils down to support and resistance and seeing how Price acts there. +So I've decided to finally go live, only put $200 into my account, and so far, think it's going pretty good. been setting my TP to close at around a $5 gain, and SL to trigger at around $2 loss. In two days I've made $53 profit doing this, though wondering if I should extend my TP range, seeing as I tend to hit it on my trades fairly often. I am also trading on an offshore brokerage, giving me 500x leverage, usually opening trades of lot sizes between 0.05 and 0.15. At what point should I start increasing position sizes higher, or should I be doing that already? +I want to start getting familiar with the most used trading platform that is used by people working in a prop firm etc and was wondering what that was? Many thanks in advance. + +Edit: I appreciate all the answers! +Hi Guys, I was wondering, there are many new people trying to get some knowledge of the market or get to know to the terms of FX, but what actually can they anticipate when entering the market. +I would kindly ask any of you who have experience with a real account to contribute and tell us for example: +- how much you make per month? ( does not have to be exact number, e.g. 3 digits) +- what was the most difficult thing to cope with? +- what was different than You expected? +- anything that surprises you or disappointed you + +Thank You +Preface: New guy, learning, on demo acct, trading a price action strategy, I dont know any traders IRL so I’m turning to reddit for guidance...Ive asked about and a couple nice folks on here tossed me some help... Which Ive been using with some success ( I went from down 2% to up 3.8% this week). + +So today I was short on the AUDUSD with a nice entry, things were going my way when the ass end fell out and the AUD went straight up, thankfully I was watching the chart, saw that news hit (IDK what it meant really but I saw bullish candle on the news) and it didn’t look good for me, so I closed my position for a small profit. Now IDK what to think, the USD looks to have taken a large, oily turd to me, I’m trying to get an idea of what happened and how to make moves following this... + +Seems like it was a good day to teach me something, what is the lesson here, and how do I apply todays activity to the future? + +Thank you all for your insight. + + +Hi guys so I tend to just swing trade and normally always go for at least 1:2 risk reward ratio, however I mostly base my tp of what I think is an important level which sometimes means my sl is kind of random as it's just to fit in line with the tp is this okay? Also sometimes I have an sl in an area where I think the setup would be broken and a good tp level. When this happens should I just leave trades to play out or intervene, however I often feel my emotions tend to start controlling decisions on closing trades as oppose to the start of the trade where logical sl and tp are set. What do you guys do yourselves when trading and have you had any problems with exiting in the past? Thanks :) +I am new to fundamental analysis (just started reading about it) and it seems like some of the key indicators (GDP, inflation, political events, etc) only happen rarely. Is it possible to trade based on fundamental analysis frequently? If so, what indicators do you use? +Basing price action on lower time frames doesn’t really work in my experience. Also, how do you enter optimally? I’ve been doing great but entries could be better. Thanks +Basing price action on lower time frames doesn’t really work in my experience. Also, how do you enter optimally? I’ve been doing great but entries could be better. Thanks +Hey all - a few high level observations on the developing situation in Wuhan & across the globe. There's a number of things that don't seem to add up, and I think the markets and world are not really pricing the risk correctly. + +1. China has allotted $9b USD (60b yuan) to dealing with the spread of the virus. Ahh, that's A LOT of money to spend on a virus with 3000ish confirmed cases and 81 deaths +2. 60m people effectively in lock down, or at least partial quarantine. Come again? SaRS, MERS, Ebola...no quarantine there +3. Extension of Chinese New Year holiday to prevent travel, and I would assume, large mingling crowds +4. 15 day incubation period, plus officials in Wuhan saying that they think 5m people left the city before the quarantine +5. Building two new hospitals to deal with it...plus who knows what else + +I'm not a doctor, I'm not a health professional, so I don't know how serious the virus is from a health practitioners perspective. But the situation is definitely not under control, the virus has spread, and I would position myself for risk-off. + +S&P500 down 1.35% on the day is not risk off. + +Edit after market close: FXI & EEM crumbled today, FX vol didn't do too much, short end of the VIX popped pretty hard and 10yrs got bid to a real yield of BE or so. SP500 down 1.5% and the Q's down just over 2%. It's a down day, risk is getting priced. Let's see what happens in Asia. I wouldn't be surprised to see AUD and ASX200 get railed. +I started investing with a company called "InvestMIB" in March and to date I have ended up depositing a couple thousand into the account. The company was mentioned to me by a friend who received an email from a guy named Elias. I said i was interested so he relayed that to Elias and soon enough I too had received an email. In the end my friend ended up not investing with them for other reasons. + +I am young and naive of the Forex trading world and I was just looking for some easy money so I stupidly did not do any background checks before depositing. This company operates by calling you and telling you what to buy/sell and when to buy/sell it. They use Meta Trader 5 which seemed fairly legitimate so this gave me confidence. It worked pretty well, so I kept depositing more money, Money that at times i definitely should not have been depositing. + +It all seemed to be going well however when i told another friend about it he had the sense to do some background checks and found some reviews saying to avoid. However, all investing companies have some bad reviews and this was a very new company so I didn't do anything at that moment in time. I did however stop depositing. Not long after this i tried to withdraw £100 as a test to see if it was possible. Nothing came of this attempt so when I next got a call i asked the woman who was my "account manager" and went by the name or Laura Monetti if she knew anything about it. She said it was because £100 was too small an amount to bother withdrawing however if i really needed it they could withdraw it for me. I conceded and admitted that i did not really need it. In hindsight i should have pushed harder for the withdrawal. After this we continued trading which gave me some confidence because I had read a review that contact had been cut as soon as a withdrawal attempt was made. I have not received a call for some time now because they only call when I am in profit on a position and I haven't been for a while. I decided to try and withdraw a larger amount, so i tried to withdraw £1000 from the account 6 days ago and have heard nothing from them at all. I also cannot call them because they either do not pick up or the line cuts. I emailed Laura about it and I have not heard anything. I can still see the account and the account says there is money there. + +Has anyone been in a similar situation to this? Is there anything I can do or is my money lost? If this post doesn't make sense please let me know so I can change it. + +UPDATE: I called this number +442031501642 which i found on their website under contact details and surprisingly got a response. He asked what my issue was and I told him I would like to withdraw. He didn't say or do anything substantial apart from say he would get my account manager to call me. Then 2 minutes later I got a call from laura monetti and she gave an excuse that she had been away at a conference about crude oil. I told her i wanted to withdraw and she said i cant right now because i have positions open (which is true but i have enough money to withdraw some without affecting that). She said if i waited a week we could sell it in profit then i would be able to withdraw. I asked her if they were regulated and she said yes, i asked by who and she did not answer. I asked where their office was based and she dodged the question. She tried to get me to open another position, but i believe now that this is a tactic to make people unlikely to withdraw as if they have positions open they wont want to withdraw. +Hi everyone, + +Seeing the recent volatility in the markets has inspired me to brush off my trading cap and try my hand again after taking a year and a half hiatus. I’m currently in college studying International Economics and I’m hoping trading will be a good way to put my some of my schooling to work. + +I am trying to estimate the feasibility of starting up a small account (~10k) with a few of my classmates who are top students studying Computer Science/Finance/Econ. What sort of returns are to be expected for relative beginners in current FOREX volatility? + +Our current plan is to swing trade, taking intraweek positions to capture the back and forth in the EUR/USD. I have completed the BabyPips course and have read some other books (namely Kathy Lien’s best selling FOREX manual). From googling around in forums, it has been hard to filter the bullshit returns that lots of folks claim to have. How realistic is a 5% monthly target? Would I be better off putting my 10k in another asset class now and walking away? + +Thanks for you help! Any advice is appreciated. + +Edit: Hey folks thanks for the advice! So far there’s been a range of optimism, which has been inspiring and fun to read. I wrote this post on the fly, and I understand I made it seem as if I were going to dump a whole 10k all at once for 3 trades. Not the plan for now.. +As the title suggests, I traded an economic event today, for the first time (US ISM Manufacturing PSI - EURUSD). I kind of half-assed it though, as I was sat at my desk at work, but still managed to scrape a tidy 34 pips, and I'm thrilled with that! + +After doing my analysis of the market afterwards I can see a very clear downtrend start around 7am GMT, sharp spike downward once the data is released, and then a crawl back up over the next hour and 20 mins, so I know I could've got a hell of a lot more from it, if I weren't at work. + +Thankfully, I work 4 on 4 off, so I can get some decent trading time, including NFP, which I'm not at work for. But what events, other than NFP, do you rate as big movers? I've checked the economic calendar on FX Street, and can see the ones rated as high importance, but do all high importance have this kind of effect? + +As always, I appreciate any input from you guys. You're such an incredible resource! + +Edit: pips, not points +Hey , been doing some research about price action and I would like to know what kind of indicatores you guys use to confirm up/down trends. + +Also what kind of sentiment analysis can be done when analysing Price action ? + +I've seen people talk about sentiment analysis while talking about price action + +I'm usually only trading the news with some tecnhical but i'm starting to pick up Price action as a valuable way to trade and actually pretty consistent. + +&#x200B; + +(Sorry for my bad grammar) + +&#x200B; +USD just fell off a cliff, but I don't see any news to explain it. Can anyone help me understand? + +Here's a chart: https://www.tradingview.com/x/AJ5f2Y7f/ +First of all I would like to say I’m not some mad successful trader but I feel like I have had a major break through (time will tell lol) + +But I feel like a large amount of people come into forex with the wrong mentality (me included) + +Ever since I have been thinking mathematically about the markets instead of looking for Support and resistance levels, indicators and get rich quick strategies (let’s be honest everyone went through that phase) I feel like my trading has improved dramatically + +Little advice from me , take how it how you want to. Would love to hear peoples stories of when they had their breakthrough in the comments + +Cya +I'm still pretty new, but I've learned the hard way to stick to my strategy. That being said, I only trade two pairs now and want to master those. + +To my point, I usually only need to analyze each chart for 10 mins or so each day to prepare for my next trade. + + +is that too low, too high, or just right? +If military action was taken against N.Korea would JPY still be seen as a haven? + +Due to the conflict taking place in the East and the proximity to Japan? + +Would the rush to GOLD/CHF be strengthened? +(sorry for the poor english) +It's been 1 or 2 weeks that I got interested in trading and I've been watching some youtube videos on how to analyze with different tools such as: leading lines, stochastic oscillator, price action and seasonal charts. +I must admit that those videos make me understand the theoretical side but they don't quite help me practically yet, but I'm definitely interested in getting better and eventually make profit. (I don't expect to get profit in a couple months of course) +So I created this reddit account to ask all of you some advice, I'm pretty sure you can help me out! :) +How do I start learning properly and from where? (I saw that youtube videos aren't recommended that much) +Are there any tools that are more beginner-friendly or are they all the same? +How do I determine which time frame to analyze? +How's the way you guys analyze? (I want to try out as many things as I can to see what suits best for me) +I'd appreciate if you'd also add something you think it's really important to consider/keep in mind while learning to trade/trading. + + +Also not sure if it's worth mentioning, but I'd prefer to trade daily or, at least, couple times a week as I only work only 3 to 4 hours in the morning. +Thank you all in advance! +Hi All, + +What's wrong with holding a trade until it turns your way? I trade EUR/USD and have a vert well capitalized account (think $50k+), and only engage in a maximum of two 1:50 lot trades per day (both of which I'll have exited by the close of market). Sometimes, I'll make a wrong move and the trade will go south on me, but all of the time, it might take a few days or weeks, the price comes back to where it was (except for the highest peaks and lowest valleys, of course) and I end up gaining quite a bit of $$$. Is there any problem with this approach from a risk perspective? Obviously, I don't plan to make these kinds of trades, but when they happen, just don't seem the harm in holding on until price eventually returns. My account is so well capitalized that I'm pretty sure I won't suffer a margin call unless something catastrophic happened. + +Would appreciate y'all's thoughts. +Trade 1: [https://www.tradingview.com/x/zQYwRGSd/](https://www.tradingview.com/x/zQYwRGSd/) 3R + +What went well? This was a great entry, that was according to my plan and strategy that has been backtested. It is used in a flat(ish) market, and I wait for a candlestick pattern such as this reverse hammer, to enter. I try and target 3R but you may want to target the VWAP as well. + +What could've gone better? Well, my discipline was lacking, and I exited early for only 1.89R on the hammer, 1 before my TP was hit. This wasn't in my plan, and honestly, I'm still working up my ability to judge if I should be conservative or if I should be agressive (like I should've here). + +&#x200B; + +Trade 2: [https://www.tradingview.com/x/5F5LxiYr/](https://www.tradingview.com/x/5F5LxiYr/) 0R + +What went well? Well my wave count was accurate I guess - thats it. + +What could've gone better? 1. I entered on a wim, not in my plan, because I got shaken out with spread on my stop 2. As I talked about earlier, in this scenario, I wish I was more conservative, and got out at the support below (lime). My issue is this: Every lower low is a double bottom at some point, how was I supposed to know? Well, I am thinking maybe the hammer, but again, I'm still working on my ability in these sort of scenarios. + + +I'm wondering if this is of any value to anyone. + + +Please, any feedback would be appreciated and I'll try my best to answer any questions you may have :) +# Introduction: + +Welcome back to my weekly stock analysis. Disclaimer: I am not invested in this one. + +Sturm, Ruger & Company, Inc. (NYSE: RGR) + +Sector: Aerospace & Defense (Industrials) + +## Company Strengths & Risks: +Sturn, Ruger & Company, or Ruger for short, is an American firearm manufacturing company. They are headquartered in Connecticut. The company has been listed since 1969. RGR is a S&P 600 component. Ruger has production facilities in New Hampshire, North Carolina, Arizona and Connecticut. They produce rifles, shotguns, pistols and revolvers. + +Strengths: +- Largest firearm manufacturer (#2 in pistols behind SWBI, #2 in rifles behind Remington [now in chapter 11 bankruptcy]) +- Low payout ratio +- Low PE ratio +- no debt +- High projected returns +- High yield + +Risks: +- Inconsistent dividend- fluctuates +- High yield + +## Financial History and numbers + +RGR: +Numbers from [Seeking Alpha](https://seekingalpha.com/symbol/RGR/dividends/dividend-growth) as of Aug 01, 2022 + +Numbers from [Macro Trends](https://www.macrotrends.net/stocks/charts/RGR/Sturm,/revenue) as of Aug 01, 2022 + + +Stock | RGR +-----------------------------|-------- +P/E Ratio | 11.41 +Stock price | $66.13 +Current Annual Payout/Share | $2.72 +Yield | 4.11% +5 Yr Div Growth Rate | 12.8399% +3 Yr Div Growth Rate | 43.79% +1 Yr Div Growth Rate | 30.59% +Years Of Growth | 2 +Current Payout Ratio | 40.02% +Free Cash Flow / Share | 1.3567 +Revenue (ttm) | 0.713B +Debt / Equity Ratio | 0.0 +Debt / EBITDA | 0.0 +EPS | 5.8 +ROI | 41.90% +ROA | 34.70% + +For a company with 0 debt, these stats are good in many ways. The revenue is cyclical, but seems to be hitting higher highs over time. The dividend leaves much to be desired with regards to stability but outside of a period of 2005-2009, the company seems to be committed to paying out their dividend. All with a 40% payout ratio. + +I will now use the 3 year dividend growth rate to project further. + +Year | RGR +------------------------| ------- +2022 | 3.9111 +2023 | 5.6238 +2024 | 8.0864 +2025 | 11.6274 + +For another way, let's use historical payout ratio to project out. + +YEAR | RGR +----------------------- | ------ +EPS estimate 2021 | 6.8 +EPS estimate 2022 | 6 +2021 dividend | 2.721 +2022 dividend | 2.4012 + +## Final Thoughts: +The main reason I am not invested in RGR is that I do not like inconsistent dividend paying positions. So I never desired looking more into the company. There may be plays to be had ever since Remington filed for chapter 11 again. + +Also to nip this in the bud, please keep the discussion to the company and dividend focused. I’m taking a gamble on this one since I do not want discussion to devolve into gun control or political drama. + +Weekly price estimate for a future date, via consulting the crystal ball: +Predicted price for RGR for Dec 16, 2022: $57.63 (Bearish). There is no factual basis that I will give. + +I hope someone out there found this post interesting. Please supplement this with your own research. + +Thank you for reading, please give me feedback so that I can increase my standards for future analysis posts. If I have made a mistake, please correct me. Or if you have one that you want an analysis on, I might pick a comment to do an analysis of if I don't have any spice stored for the week. +Im fairly new to investing and would like to supplement my employers retirement by doing some investing of my own. I see lots of talk and debates about JEPI, SCHD, VYM, etc... I guess my question is, is there anything blatantly wrong about diversifying among multiple higher dividend ETFs? I have a long time till retirement so these would only make up 10-15% of my portfolio, and I would plan to reinvest all dividends earned. Thanks in advance! +This sub is great, and I think it would be awesome to post about some underrated dividend growers that don’t get much attention here. I know people here all love their $O and $T, but there are a ton of really solid companies growing their dividends that could be worth a spot in your portfolio! Hey, if people like this post maybe I’ll start a little weekly series or something? + +**Please note:** My dividend strategy is all about dividend growth investing. I focus on companies growing their dividends strongly and not just yield. This first company is a great example of a low yield currently but with strong recent dividend growth. I encourage all young investors to focus on dividend growers and not just high yields (but you do you). These companies could be your future dividend aristocrats years down the road! + +This post is meant to be a basic overview/basic DD of the company. Please do your own DD before deciding to invest! I am bullish on these companies, but it doesn’t mean you may necessarily be! + +**Company:** Zoetis + +**Symbol:** ZTS + +**Sector:** Healthcare + +**Industry:** Pharmaceuticals-Animal + +**Company Description:** Zoetis Inc. discovers, develops, manufactures, and commercializes animal health medicines, vaccines, and diagnostic products in the United States and internationally. It commercializes products primarily across species, including livestock, such as cattle, swine, poultry, fish, and sheep; and companion animals comprising dogs, cats, and horses + +**Dividend (Dividend Yield):** 1.00 (0.63%) + +**Consecutive Years of Dividend Growth:** 8 years + +**Dividend Growth Rate (CAGR) 3 yr/5yr:** +24.89%/+20.38% + +**Payout ratio:** 23% + +**Positives:** Industry leader, strong economic moat. Pet industry is growing. No political risk (as opposed to human healthcare). + +**Negatives:** High P/E. Share Price has stagnated past 6+ months + +**My summary:** Zoetis has been on a tear since it spun off Pfizer in 2013, rising from around $30/share to its current $160/share nowadays. Is it’s growth in share price over? With a high P/E that rivals some tech stocks, some would argue it’s overvalued. With it’s strong moat in a growing industry, I would argue not. Zoetis is well positioned to take advantage of the pet care industry boom in the upcoming years. + +Even if the share price appreciation slows, Zoetis is well positioned to be an excellent dividend payer for years to come. A low payout ratio, strong recent dividend growth and consecutive years of dividend increases make Zoetis a great choice to add to a dividend growth portfolio. + +**Disclaimer: As I stated above, please do your own DD. I do own ZTS and plan to hold long term.** +I was just wondering what resources people use to get reliable dividend growth rate information? +Seekingalpha seem to change it regularly and it does not exactly reflect other sources as far as i could tell... +... at least concerning my investments in the stock market. I found out the hard way that my decisions sometimes are less than optimal when it comes to stocks. 8 years ago I had to invest a big sum of money and I wanted to invest it in dividend stocks, but without repeating my errors from the past. + +So I came up with a plan: write down everything you will do in any situation for that dividend strategy and then just do it. + +This is no recommendation, I think everybody must find a method that suits the personal situation. I chose a mechanical solution and I present you the details of my plan. BTW: the XIRR return over 8 years is (only) 10.7% per year, including tax and dividends. But volatility is lower than the market. + +Please, don't take this as a recommendation to invest. Do your own analysis, this should just give some hints. So, this are my mechanics: + +**Chose stocks the following way:** + +* Market cap >300 million (this is very low, actually I did start with 10 billion, but the diversification is better with 300 million. One possibility would be to diversify by market cap, too late for me but maybe someone wants to try out.) +* Corrected free cashflow > paid dividends. The free cashflow is corrected sometimes when companies are taken over. +* Enterprise Value divided by Cashflow <34. +* Initial position size 4% +* Cap sectors at 20% +* dividend yield >2% +* Sort all stocks by dividend yield + +Then you just buy those stocks in that quantity. When you reach 20% in a sector you skip the next stocks in this sector. + +**Dividend reinvestment:** + +Collect Dividends until reaching 0.2% of portfolio value (5% of the average position). Then invest into the next stock that has a value of <4% in your portfolio and that still fulfills all of the buying criteria. Mark the date of the reinvestment and chose always the one with the oldest date for reinvestment, kind of a round robin. + +**Market dividend:** + +When a single position reaches 6% of your portfolio value sell down to 5%. I use the SP500 to avoid having to sell too much in a bear market. Say the SP500 is at 80% of its high I add 20% to the requirement. + +Dividend reinvestment and market dividend are two concepts that help to act contrarian. They can make a huge difference on cyclic sectors. + +**When to sell:** + +Sell always as late as possible... but not later. When a criteria for buying is no longer fulfilled put the stock on hold, meaning no more buys, no dividend reinvestments. If one of the two free cashflow criterias are not fulfilled for two complete years sell that stock! + +Remark: I like the Dow Jones US Dividend 100 index. One can use those stocks as a starting point and add REIT. However, I did the work and analyzed thousands of companies with my criteria. Not sure that helped but I reached my goals with this strategy. It is not the only strategy I use, but it is definitely my pension fund. + +The most difficult time in investing is when losing money, most errors happen then. There is no way in the whole world that you can invest in the stock market without losing money from time to time. If you do not use margin your strategy for bear markets is easy peasy: just sit it out! Follow your plan and that is it. Now, if you use margin it gets a little more complicated, maybe we [speak about that in another posting...](https://www.reddit.com/r/dividends/comments/td6gpn/chocolate_on_the_moon_for_a_robot/) +Is DGRO worth keeping or is SCHD sufficient? + + +Do you think having DGRO (iShares Core Dividend Growth ETF) is beneficial if I already have VTI (Vanguard Total Stock Market Index Fund ETF) and SCHD (Schwab US Dividend Equity ETF) for my US allocation in a dividend focused account? + + +I am thinking of simplifying my US allocation to 50% SCHD and 50% VTI in my dividend account to make it simpler and get a slightly higher yield and more dividend growth. +It was previously 50% VTI, 25% DGRO, and 25% SCHD. + + + +(For context: this is only the US allocation of my taxable account. My retirement accounts are all VT or VTI + VXUS) + + +Edit: To clarify: I am going to keep VTI in this because half my portfolio is total market and half of it is dividend-focused. I am wondering if people would have their entire US dividend portfolio as SCHD or both DGRO and SCHD +Hello, I am a 21 year old college student heading for my masters in acupuncture. I have lost thousands in trading stocks, and to me that's a large amount as I have just immigrated to the states a couple of years back and came with basically 50 bucks. + +I am starting fresh with a long term perspective and would love your advice on which brokerages are best to open both a ROTH IRA in and invest (DRIP, of course, is essential) as well as a traditional investment account that I can have as an option in the future when I have enough money to max out my ROTH and then invest the rest in traditional. + +Incase you read this far, I am going to be going with VOO, VYM + +Not going for schd because VOO has 50% less expense ratio AND has beaten SCHD by 0.48% over 10 year averags. However SCHD does have 2.9% dividend yield vs VOO 1.31% but I am horrible at maths so not sure if that makes SCHD better (expense ratio of SCHD outweigh its 1.59% extra dividend that it has over VOO??) + +Thanks for reading! I am a newbie and embarassed because I am nervous. I have little money and income vs an overwhelming amount of costs of tuition. I am doing my best :) + +P.S. i know a lot of you wish you started my age, and I am sorry you didnt, I am doing my best to make you proud and to not waste this opportunity. +I am 67 old, and plan to retire in 3 year. Outside the Roth IRA, I have $ 300.000 in an account. What is your suggestion for a monthly income? +Thank you +So as prices are dropping, and yields are climbing, i began to wonder if a certain dividend yield is sustainable. + +How are you calculating this? + +If you have any great links, id love to read them. + +The stock i was looking at in particular is $XOM, Exxon Mobil. At todays blood sale price of $53, its kicking out a 6.42% dividend yield. + +Although $XOM is what made me question this, I would like to calculate the sustainability for ALL stocks im looking at, in all industries/sectores. So an equation, or algorithm is what im searching for. +I have my 401k at work which is fine but just starting a dividend account on the side. Given my age and small account (under 5k) any advice is welcome on stocks/etfs to add to my dividend account. As of now only holding these… +$T $SCM $EFC $TCPC +Let me start by saying Happy Thanksgiving! I was looking at TM, and it seems a good buy, yet I never hear about it as a dividend stock. It has an annual dividend of $4.90, 2.13 yield with a stock price currently at 184.81. It's up 31% over the year and 61% over last 5. TM has payed out a dividend the past 18 years, so it's not like they are new to dividends. + +What's your thoughts? In comparison, our beloved JnJ stock, $160 price currently, is up only 11% year, and 38% 5 years. It's annual dividend is $4.24. (I know different area of stock, just trying to show a comparison) +* Does CPI or PPI impact your dividend strategy? If so, how? +* How often do you monitor inflation when rebalancing your portfolio? +* What metric informs investors as to whether a dividend paying security would beat inflation? +* How do you adjust your portfolio when accounting for inflation? +Hey all. I was just wondering whether or not anyone agrees that abbvie looks really really good for the cost right now. Have I missed some glaring bit of news thats screaming do not buy? Their financials seem sound as a pound. + +Theyre down towards the lower band right now and I've always heard this sub speak wonderfully of them. Just wondering if your guys sentiment is the same on them. Thanks! +I know it’s a dead stock but I have my reasons. So I’ve been waiting with a limit order at $22 for the last month only to have T drop to $22.02 yesterday and then shoot back up 7% this morning. Anyone else waiting like me? Any idea if it’ll come down to 22 before the end of this year?? +Hello! + +I'm newly married, and my husband and I are in the middle of combining our finances. We've each owned our own credit card with the same company, but he wants me to close my account down and be a joint/authorized user on his account (or vice versa, he doesn't care which). + +I'm scared to close my account because I don't want it to lower my credit score, and I don't want the same for him. The both of us have high credit scores that I want to keep safe. + +I've also mentioned to him that having more than one account might be good in case of an emergency where we might have a big emergency expense like one of our animals needing surgery or something similar. (Actually recently took my cat to the emergency vet, but it didn't cost anything bad when it very much could have.) + +I'm just wondering if anyone knows if it actually lowers your credit card bad by closing an account or not? And any other positive advice is welcomed. + +T.I.A. + +Update: + +My husband and I talked it over and decided to keep my credit line open. We made each other authorized users on each of our credit cards. We discuss major purchases and what card we want to use. Everything is fantastic! He was nervous about having too many credit cards and I understood his point of view. + +Thank you everyone for your advice! I really appreciate it. +# INRTODUCTION + +Before I swan-dive right into things, I'd like to highlight a gem from the 296pg .pdf monstrosity that is the "**Final Rule: Publication or Submission of Quotations Without Specified Information"** from the SEC on the adoption of Rule 15c2-11 (including comments), which is scheduled to occur on 9/28/21. + +[https://www.sec.gov/rules/final/2020/33-10842.pdf](https://www.sec.gov/rules/final/2020/33-10842.pdf) (mentions "protecting retail investors" 79 times) + +&#x200B; + +[come again?](https://preview.redd.it/09wxbf73psl71.png?width=848&format=png&auto=webp&s=531085ba39a978c0045d0d225d1a437cccce1cf2) + +Let that sink in for a second... + +So not only have they sold arguably trillions of shares that do not exist in the past couple/few decades,, but they have also even **been selling shares for which an issuer does not even exist** (or at least has not been proven to exist). And just wait till you hear how much the piggyback exception has been able be used in the recent past. + +&#x200B; + +[ill see your nonexistent shares and raise you nonexistent issuers](https://preview.redd.it/t0ozfc1cpsl71.jpg?width=500&format=pjpg&auto=webp&s=9f6d26b66db3c1b95a3e83173b19c58258199ed5) + +# EXCEPTIONS AND OTHER FUN STUFF + +Ok now on to the nitty gritty of the new amendments to SEC Rule 15c2-11, woot woot. + +**"Piggyback" Exception**: basically allowing brokers to "piggyback" off of previous disclosures and avoid providing actually current information. Here's an analogy from the healthcare industry: some medical patents are allowed to "piggyback" off of previously existing patents using a related strategy. For example, Hip Implant A already exists, a company wants to patent Hip Implant B which is deemed similar enough to not undergo full patent examination, but is, say, made out of a substantially different polymer. And then this polymer starts breaking down internally (which they new would happen all along, lets be real), and class-actions start coming in. The company then claims immunity since the patent office cleared it. Then they sell the implants to undeveloped nations instead. Kinda like that, but more complex and with financial information. + +The Piggyback Exception also ***i******ncludes an extra 15-day grace period***, which automatically made me think of u/criand's recent post with the 15 day window. Not sure if related but sure seems more than coincidental. Especially considering that broker dealers can apparently rely on this exception quite alot, on 90% of all average daily OTC trades in 2019 in fact: + +&#x200B; + +[if an exception is used 90&#37; of the time, isn't more like the rule?](https://preview.redd.it/4a70ge9gqsl71.png?width=890&format=png&auto=webp&s=f68ef0519d18f5809463abf130ad85a1f38dba84) + +&#x200B; + +[who wants a moustache, errr piggyback ride?](https://preview.redd.it/k13oxih7qsl71.png?width=778&format=png&auto=webp&s=fbfc885e6a9b91d913656a2531ebebd0dec3dad1) + +***So this Piggyback Exception has been available for use in up to 90% of average daily trades, has been used to "sell OTC stocks to retail investors without verifying whether... the issuer exists," and the SEC is deciding to retain it in a set of amendments framed as "protection for retail investors." Am I missing something here?*** + +&#x200B; + +[oy yeah, the main ingredient: crime... can't forget that!](https://preview.redd.it/94fx3mh06tl71.jpg?width=600&format=pjpg&auto=webp&s=038846e14740e23e9d7cc7b88844cca92e6c737a) + +**"Expert Market" Exception**: basically creating a parallel market to "protect retail (read 'unsophisticated') investors from risk" while "taking care to not create a parallel market." Only for "sophisticated" traders who are "on the list," even foreign investors and banks. As long as they're "sophisticated investors" and not insiders, and the brokers themselves are literally *allowed to write letters to the IDQS saying the person is not an insider.* Why, yes officer here's a note from my broker... ffs + +Started this section a few days ago, but stumbled across [this post](https://www.reddit.com/r/Superstonk/comments/pil8q5/big_changes_coming_that_could_affect_otc_zombie/) today from [u/hmhemes](https://www.reddit.com/user/hmhemes/) and I agree wholeheartedly! I also am grateful as I the post includes some of the exact information that was on my search list regarding Expert Market Exception, and also the implementation of the "Qualified" Interdealer Quotation Systems. Thanks for the great work! + +&#x200B; + +[frees up the hands for rolling a quick doobie](https://preview.redd.it/weuqqtg96tl71.jpg?width=2964&format=pjpg&auto=webp&s=10cac6610943f80e71a9acb58d48ed0c778caa58) + +**"Qualified Interdealer Quotation System (IDQS)"**: an electronic system designed to facilitate liquidity and improve protection for investors blah blah blah. Official definition in Final Rule links back to previous definition in Exchange Act so I need to go find that now. Solid info regarding this on the above post as well! + +**"Asset Test (ADTV) Exception"**: Seems relatively straightforward (ish), an exception from asset stress testing for various reasons. Not suspect at all considering all the failed asset tests and other shenanigans regarding collateral this year. Need to look into this one more. $100,000 seems to be one important value, but I'm sure its more complicated than that. + +**"Exchange-traded Securities Exception"**: Need to look more into this one as well. + +**"The Exception for the highly liquid securities of well-capitalized issuers":** Aaaand need to look in to this one more too. + +"**Municipal Securities Exception":** Another that seems relatively straightforward (ish), an exception from the rule when trading municipal securities. The municipal securities market cap is roughly $3.8 trillion and includes "42 distinct municipal bond ETFs that trade in the U.S., excluding inverse and leveraged ETFs as well as funds with less than $50 million in assets under management" according to Investopedia. This one immediately made me think of DGAZF, the 3X Leveraged Inverse gas product designed/marketed by VelocityShares (subsidiary of Janus Henderson Group, who Citadel bought 2,000,000 shares of earlier this year) and issued by Credit Suisse that hit $25,000 last summer after being delisted and squeezed. This appears to be the part of the connection to the bigger picture that I was looking for regarding DGAZF, and remember no tax on the interest for this as collateral either. + +u/tikkymykk helped point me back to an earlier DD [here](https://www.reddit.com/r/Superstonk/comments/mv1n9x/this_is_an_exemple_of_a_short_squeeze_dgazf/), **where they point out that Credit Suisse owned more shares than were in existence at the time**. Sound familiar? + +[thanks u\/tikkymykk, so many doobies i missed it at first somehow xD](https://preview.redd.it/fw9hrbsiusl71.png?width=863&format=png&auto=webp&s=872bc4f5cde9db559561eba991535e70cddf43ba) + +[all the usual suspects; i am Jack's complete lack of surprise](https://preview.redd.it/ai1vmdkpssl71.png?width=719&format=png&auto=webp&s=db1726f24b1c132c5c7fbff3595cf6a344a572e6) + +I know some people question how DGAZF is related to GME, but between the usual suspects being involved, it being a delisted stock involved in a recent short squeeze up to \~$25,000, CS owning more shares than issued, one of the other products in same lineup from VelocityShares, TVIX, being delisted last year as well, aaaand another one, VIIX getting squozen up to $28,895 back in 2011, I believe a fairly (even if partially indirect) solid connection has been established. + +&#x200B; + +[DGAZF hit \~$25,000 and VIIX hit $28,895 o.0](https://preview.redd.it/gbsxqeo8zsl71.png?width=1259&format=png&auto=webp&s=a5cefa9ea6d9298c50cbd404a256b872e47390f1) + + + +[https:\/\/www.dailyadvent.com\/news\/28989f6c94bcb5ace07c7928367b99d2-TVIX-Stock--Credit-Suisse-Is-Delisting-an-ETN-Thats-Made-200-This-Year](https://preview.redd.it/akcpr84mzsl71.png?width=1093&format=png&auto=webp&s=83a089dc468d77f459107ba8ef2f04a6e549bf49) + + Interesting they even got to keep it around after the "2012 TVIX Disaster": + +&#x200B; + +[https:\/\/www.investopedia.com\/articles\/etfs-mutual-funds\/050816\/tvix-velocityshares-daily-2x-vix-shortterm-etn-who-invested.asp](https://preview.redd.it/u3w1rxre0tl71.png?width=824&format=png&auto=webp&s=214ba57c04bb8f6175e1105ce56ef16aa841abfa) + +So we have both 'directly' related micro/smaller cap, bankrupt, criminally shorted companies getting delisted and manipulated (NWAU, SEARS, BLIAQ, etc) and then we have 'indirectly' related larger-cap companies, one (@ \~$3bn cap) delisted at 200% gains on the year and manipulated (TVIX), one squeezed to $28,895 (VIIX), and one delisted, manipulated and squeezed to \~$25,000 (DGAZF), getting treated similarly, and by the same groups of SHFs, MMs and friends. Too many coincidences to be completely unrelated imho... + +# CONCLUSION/SPECULATION/TL;DR HYBRID: + +I believe that Citadel, as the market maker for GME, was trying to do to GME what has been done to SEARS, BLIAQ, TVIX, VIIX, etc. (well duh, you might say), and failed. They didn't get to take their ball and and run home and hide inside this time. + +I also believe that they are still trying to do shady shit(well duh, again, you might say), and that the amendments to SEC 15c2-11 may provide loopholes to extend collateral deadlines, increase collateral value/limits, etc., while at the same time providing pressure and possible catalyzation towards even higher highs and higher lows, possibly stratospheric and beyond. BUY. HODL. ZEN. + +SEC 15c-211 also makes changes to how Shell Companies and their information are regulated in the OTC Markets, makes changes to conditions for listing equities on OTC markets, discusses dark pools and gray markets, allows for One-sided quotations/price discovery, don't forget the Asset Test, Exchange-traded Securities and Rich Fucker(high capitalization or w/e forgive me I'm almost out of green crayons for the night) Exceptions, and alot of other stuff that could probably use a few more eyes going over it. + +Would be great to get a more solidified and unified idea of what is actually changing on 9/28/21, and how it interacts with everything else that is going on, before we actually get there. *hivemind go brrrrrrrr.* + +I tried to make this one a little more cohesive and less speculative and tangential than the last couple posts, changed the flair to from "Possible DD" to "DD," and removed Triple Inverse Pink Sparkly Unicorn Farts from the titles to help indicate that I am, indeed, posting this seriously and not shitposting lolrip. That was just me poking some sarcastic fun at the ridiculous shit the people running the show, while working so hard at "protecting retail investors," keep coming up with. Hopefully this one is a more straightforward and a bit less misunderstood xD + +**Previous Posts:** + +Here's the Dr. Trimbath tweet post where some of the recent speculation and searching started: + +[https://www.reddit.com/r/Superstonk/comments/peu6ma/attention\_apes\_dr\_trimbath\_requires\_our/hb006oi/?context=3](https://www.reddit.com/r/Superstonk/comments/peu6ma/attention_apes_dr_trimbath_requires_our/hb006oi/?context=3) + +And here's the first two posts for fun, visibility and because there are some informative links to other previous DD and information and I probably forgot to mention a thing or two in today's post: + +[https://www.reddit.com/r/Superstonk/comments/pfjamw/amendments\_to\_sec\_rule\_15c211\_expert\_market/](https://www.reddit.com/r/Superstonk/comments/pfjamw/amendments_to_sec_rule_15c211_expert_market/) + +[https://www.reddit.com/r/Superstonk/comments/pg6hpv/following\_the\_trail\_of\_triple\_inverse\_pink/](https://www.reddit.com/r/Superstonk/comments/pg6hpv/following_the_trail_of_triple_inverse_pink/) + +&#x200B; + +[i need a hit of that DD at least, just a little taste to keep the monkey off my back](https://preview.redd.it/1weu2a6f2wl71.jpg?width=600&format=pjpg&auto=webp&s=9907f38304808df7732a89d7a2f75e80c8d5a88e) +My veggies are finally coming in, I have so many excess cucumbers, zucchini, squash, tomatoes, peppers, blueberries and salad greens that groceries this week were literally $8!!! Just 2lbs of rice, some noodles from the Asian market and an off brand Mio. + +I have 7 gal. bags of chopped veggies in the freezer, a full fridge AND I was able to give away 2 grocery bags full of veggies to my coworkers today to give back what the earth has given me. + + +I'm so happy!!!! I'm eating a nutritious meal every night, giving to others, and I only spent about $20 to invest in all of this. Its amazing to be well fed, and saving money! My freezer is going to be packed this winter! My beans, corn, tomatillos, radishes, potatoes and carolina reapers haven't even come to fruition yet! + +Sorry for the rant, I'm just super happy to have so much food and "not paying" for it! +There will be an Annual Shareholder Meeting in June 2021. That's where votes on decisions about GME will happen. It might all go exactly as RC wants. If the Board agrees to decisions then big changes can happen then. If the Board does not agree then the changes Ryan Cohen wants can still happen but not until after the Standstill period ends which would be around March 1, 2022. + +[Agreement between GameStop and Ryan Cohen - January 11, 2021 8-K ](https://news.gamestop.com/node/18396/html#a101-gamestopxsettlementag.htm) + +**Shares** + +As of January 11, 2021 Ryan Cohen owned 9,001,000 shares, or approximately 12.9% of the Common Stock issued. + +This percentage matters because when someone owns 15% of GME then they are an "interested stockholder" and there are burdensome legal requirements and restrictions on activities between the large shareholder and the company. [The agreement](https://news.gamestop.com/node/18396/html#a101-gamestopxsettlementag.htm) expands the percentage to 20% without triggering this. In exchange RC is agreeing to not do a hostile takeover. + +Note the difference of 12.9% - 9,001,000 shares and 19.9% shares - ~13,930,000 We don't know if or when RC will purchase shares up to this limit. + +**Composition of the Board of Directors** + +- The Board temporarily increased from 10 to 13 directors, This created three vacancies filled by Alain (Alan) Attal, Ryan Cohen and James (Jim) Grube. The terms expire at the 2021 Annual Meeting probably in June 2021 + +- Mr. Attal was appointed to the Compensation Committee of the Board, Mr. Cohen was appointed to the Nominating and Corporate Governance Committee of the Board and Mr. Grube was appointed to the Audit Committee of the Board, + +- Current Board members Lizabeth Dunn, Raul Fernandez, James K. Symancyk and Kathy Vrabeck will not stand for reelection at the Annual Meeting. + +- The planned slate of director nominees for the Annual Meeting are: Alan Attal, Ryan Cohen, Paul Evans, Reginald Fils-Aimé, Jim Grube, George Sherman, William Simon, Carrie Teffner, and Kurt Wolf. + +- If a Board member must be replaced during the Standstill Period and RC owns at least 4.0% of the Company’s then-outstanding Common Stock and (y) 2,789,878 shares of Common Stock RC can recommend a person to be on the board (clairfication: to replace RC, Attal, Grube or other Replacement Board members - if needed. Thanks u/OG_Kushions) + +- Ryan Cohen is not accepting any compensation as a Board member + +- RC cannot seek, alone or in concert with others, representation on the Board, except as specifically permitted + +From u/YouAreAPyrate + +- The Slate of Board Members is not definitive. [From the 3/23/21 ER](https://news.gamestop.com/node/18661/html#i3ad65c8584a445ee94e4314f67ce616c_109) + +>As of the date of this Form 10-K, the Board has not determined the definitive slate of nominees but currently expects that the following incumbent directors will retire from the Board at the 2021 Annual Meeting: Lizabeth Dunn, Paul Evans, Raul J. Fernandez, Reginald Fils-Aimé, William Simon, James K. Symancyk, Carrie W. Teffner and Kathy P. Vrabeck. The contemplated retirements are not because of a disagreement with us on any matter relating to our operations, policies or practices. + +**Ryan Cohen agreed to a Standstill Period.** + +Standstill Provision + +From January 11, 2021 until either 30 days before the deadline for the submission of director nominations by stockholders for the Company’s 2022 annual meeting OR 120 days before the first anniversary of the 2021 Annual Meeting whichever is first. So around March 1, 2022 + +*Calculation of time* +If the meeting is June 1, 2022 and the nominations must be submitted 60 days before that April 1 then the 30 days prior to that would mean March 1, 2022 +or + +If the meeting is June 1, 2022 the 120 days before that is March 1. + +**Limits on what Ryan Cohen can do during the Standstill Period** + +During the Standstill Period, Ryan Cohen cannot: + +- nominate or recommend for nomination any person for election at any annual or special meeting of the Company’s stockholders or otherwise seek representation on the Board + +- submit, participate in or be the proponent of any proposal for consideration at, or bring any other business before, any annual or special meeting of the Company’s stockholders + +- seek the removal of any member of the Board + +- initiate, encourage or participate in any “vote no,” “withhold” or similar campaign with respect to any annual or special meeting of the Company’s stockholders or encourage anyone to do so. + +- vote against directors nominated by the Board or recommendations of the Board UNLESS both [Institutional Shareholder Services Inc.](https://www.issgovernance.com/) and [Glass Lewis & Co., LLC](https://www.glasslewis.com/) recommend otherwise, then RC can vote in accordance with the ISS and Glass Lewis recommendations; and RC can vote in its sole discretion as to publicly announced proposals relating to a merger, acquisition, disposition of all or substantially all of the assets of the Company that requires a stockholder vote. +- Take over or buy out GME to own or control more than 19.9% of the outstanding shares of Common Stock without prior board approval. He also cannot encourage a third party to join in a merger, tender (or exchange) offer, acquisition, recapitalization, restructuring, disposition, business combination or other extraordinary transaction involving the Company. + +- If Ryan Cohen buys more than 20.0% or more of the outstanding shares without prior Board approval, he will be an “interested stockholder” of the Company (normally its 15% ) and be subject to restrictions on any business combination for the next three years + +- cannot form a group or solicit proxies to consent or to vote for the election of individuals to the Board or to approve stockholder proposals, or become a “participant” in any contested “solicitation” for the election of directors + +- cannot call a special meeting of Stockholders or make any proposal for consideration by stockholders at any annual or special meeting of stockholders of the Company, + +- make a request for any stockholder list or other Company books and records + + + +Of course none of this is financial or legal advice. I can read and had some extra time so I wrote this up. Use it however you wish. And if I got anything wrong, let me know. + +edits. formatting/grammar +Recently my friend tried to send money (several times) from his HSBC account to binance and it was blocked. + +It turns out HSBC doesn't allow payments for cryptocurrencies. They also banned buying microstrategy stocks. + +I'm so shocked they have the audacity to do this! Surely this solidifies and shows the importance of decentralisation in crypto. + +I also found out ironically that they helped money launder for drug cartels in Mexico. + +If you are still using this awful bank please do yourself a favour and switch. +I’m working your typical 9-5 scientist job going in and out everyday only to play games and be with the miss on weekends and life has been pretty monotonous. Ever since I started actually buying stocks and ETFs my life has been more... exciting? I don’t think I’m necessarily enjoying seeing my portfolio go red like it is now but the highs of seeing a 20% green always makes the next day exciting. I hope I’m not getting a gambling addiction or something. +Current age: 30s + +Have a family with 1 kid. + +&#x200B; + +Current FIRE number: 3M. Almost there. Should be there in the next 3-5 years. + +I am a travel nut, and don't mind spending 10-20k a year on travel. But curious to hear perspectives here. +Dear Socal fatties: + + +I need some advice from those of you who have successfully Fatfired in CA. I don't know anyone personally in that category so I would appreciate your insight! + + +Me: + +* 32 yo entrepreneur, married, 1 kid (plan for 1-2 more) +* NW: 4.7M split between cash/stock (all liquid) , no material liabilities , cars paid off- this is all from savings and a windfall from business sale last year, now working for 200k salary + + +Problem: No primary residence. Rent is expensive (\~3600k for 1 bedroom)...lease is up end of the year. + Our options are: + +1. Homes that are small, need upgrade later, closer to city centers: 900k-1M +2. Homes that are a good size, farther out from city centers: 900k-1M +3. Homes that are a good size, we think can last forever, closer to city centers:1.3- 1.5M +4. Fat Homes that we REALLY like: 1.8- 2M + + +All great school district, safe, clean, good long term value which helped narrow down the choices to the 4 above. + + +Notes: + +* Don't want to leave CA, and in CA would preferably be in a suburb closer to a city rather than far out +* Let's assume expenses are steady state (including rent) if netting \~100-110k post tax +* To me FAT in CA would be 2x my current NW ...plan to work on another business at some point to try to reach this. No guarantee but high confidence of NW growth in the future. +* We are sick of renting for personal reasons and because the cost is so high...we really just want to settle down somewhere and live with stability. +* Markets here are so hot I don't think there will be a huge impact from COVID, but nobody knows for sure + + +Question: + +* Which home tier would you go for in this situation? +* Any other scenarios I am not thinking about? + +&#x200B; + +I am leaning towards #3. Higher cost now, but can pay off in the long run... but can't help but feel like I am sabotaging myself by spending too much too early. Maybe I need to be thinking even lower cost than 900k-1M? Interested to know your objective thoughts. +I'm hoping to clear up some misinformation going around whether people are investing into $CTXR in hopes of positive Phase 3 trial results or FDA approval. One is imminent, the latter is indeed speculation. + +*I am not a financial advisor, don't invest solely on a reddit user's opinion about a company. Always do your own DD. Also, this is the first time I am posting an in-depth look into a company. Mistakes will be made. English is not my first language.* + +Citius Pharmaceuticals, as I'm sure most of you already know, is a biotech company specializing in treating CRBSI's, or **C**atheter-**R**elated **B**lood**S**tream **I**nfections. The focal point of many investors as of this moment is Mino-Lok®, an antibiotic lock solution being developed as an adjunctive therapy in patients with central line-associated bloodstream infections (CLABSIs) or catheter-related bloodstream infections (CRBSIs). Its purpose is to preserve central venous access and to avoid the complications and morbidities associated with catheter removal and reinsertion. + +Many people believe that investing in $CTXR **now** is betting on the FDA approval of Mino-Lok, expected in Q4 of 2021, which is wrong. It is the result of the Phase 3 trial, expected to surface in Q2 of 2021. +*TL;DR, short-term = Phase 3 results. Long-term = FDA approval.* + + +Phase 2b trial of this drug completed in Dec 2014 and the results were impressive. Mino-Lok salvaged 100% of the colonized CVCs, helping to cure all of the bacteremias with no serious adverse events, compared to an 18% complication rate in the matched cohort where patients had the infected CVCs removed and replaced with a new CVC. The full report is available [here](https://www.citiuspharma.com/wp-content/uploads/2019/05/Salvage-of-catheters-with-MLT-results-of-phase-2-study.pdf?source=content_type%3Areact%7Cfirst_level_url%3Aarticle%7Csection%3Amain_content%7Cbutton%3Abody_link). + +Phase 3 trial started in Feb 2018. It is a randomized, open label, assess-blind study to determine the efficacy of Mino-Lok. 144 patients diagnosed with CRBSI are randomized 1:1 into 1 of 2 treatment arms. The primary endpoint is Time to a catheter failure. The secondary outcome measures are Proportion of subjects with overall success in the modified intent to treat and Clinically evaluable populations. This trial is expected to end in April 2021. + +According to Citius themselves, + +>Data from the Mino-Lok Phase 3 program was reviewed by our independent Data Monitoring Committee (DMC) for safety and efficacy and found to be progressing as planned with no recommended changes to trial design. Based on the comments and recommendations made by the DMC, which is further supported by the June 2020 FDA guidance document titled, “Statistical Considerations for Clinical Trials During the COVID-19 Public Health Emergency,” **they have amended the DMC charter to enable a “superiority” review at 65% of the expected events rather than 75% as originally planned.** + +***The fact that they have changed the statistical significance from 75% to 65% of the trial's completion speaks volumes to the efficacy and importance of the product. This fact can not be understated.*** + +Remember, safety is not an issue because recent PR's states as much and the DMC would have recommended to terminate the trial. Secondly, the trial is not futile otherwise it would have been recommended to be stopped. Thirdly, the DMC recommended that the trial should continue as is. + +[Mino-Lok also received](https://www.citiuspharma.com/mino-lok/qidp-mino-lok/?source=content_type%3Areact%7Cfirst_level_url%3Aarticle%7Csection%3Amain_content%7Cbutton%3Abody_link) QIDP designation. This qualifies Mino-Lok for additional FDA incentives in the approval and marketing pathway, including Fast Track designation and Priority Review for development and a five-year extension of market exclusivity. This means the product might tack on another 5 years of market exclusivity beyond its 2036 patent expiration date. + +As outlined earlier, if Phase 3 goes well (highly unlikely that it won't) and they do get FDA approval, Mino-Lok will be **the only FDA approved treatment** for infected CVC for all CRBSI. Myron Holubiak (CEO) stated that there are no products being developed for the treatment of CVC. If approved, Mino-Lok will be the only treatment for several years. + + +Disclosure: 1700 @ 2.41 +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. +This is a long post but I really, really, really appreciate any advice. If you want the short story skip to the end. + +I am 25, a (E-4) soldier in the army, married and have a mother sick with Lyme disease. + +LONG STORY. + +About 4 years ago I enlisted in the army to pursue my aspirations of becoming better than I was. I was aloof in life and needed some refinement, direction and skills. My family was also broke so college wasn't in the cards at the time. Once I left for OUST (Infantry basic training) my communication was limited for months with the outside world and unknown to me, my mother was diagnosed with Lyme Disease. She mentioned it in passing but she never pressed that it was anything to be worried about. And honestly, I didn't have the luxury to think much about it. Once I graduated from Airborne school I moved to Ft Bragg and started another period of training. All the while my mothers health is degrading. In my free time I would call my mother and little sister to see how they were and if I could, I would hop a flight and go visit them. When I would visit my hometown I would stay with my girlfriend's family's (now my wife) house. Neither my sister or mother would let on how bad my mothers health was becoming when we would talk. When I would visit them in person my mother would look a little different but not enough for me to worry past her explanation. + +As my training progressed, my mothers health got even worse. During this time I began to notice a difference in our conversations. She was stumbling over her words and becoming confused more frequently than was healthy. My little sister was beginning to show signs that something was really going wrong at home. I was in one of the final phases of my training when I went home for Christmas Exodus to propose to my girlfriend. The proposal went perfectly and most of Christmas went really well. In the last few days before I left to return to post everything that could go wrong, did go wrong. + +My extended family (who knew of my mothers health and were helping support her) crumbled. My Grandfather's Dementia took a drastic turn for the worst and my grandmother was rushed to the hospital with congestive heart failure. The drastic blow to the health of my family's patriarch caused old family issues to explode and some nasty family politics occurred. My mother was completely cut off, financially and emotionally from the rest of her family. All at once. With that, the responsibility of taking care of my mother in her failing health crashed totally on my shoulders. + +My mother was sick; she couldn't drive, she couldn't work, less than a month of savings and she had zero income. Even worse my little sister who was 15 at the time was failing school and crumbling under the weight of responsibility of caring for our mother. Our father (divorced) wasn't completely out of the picture but suffice to say that he made things worse, not better. AND I was stationed 700 miles away and in the middle of training that consumed my life. My fiance was doing her best to help out now that we were privy to how dire the situation had become but she was also in college and working so her time was greatly divided. + +Needless to say I was overwhelmed. + +I attempted to resume my training but I could not focus properly on my studies and attempt to find a resolution to the problem of my mother's life situation. So I withdrew from the course. I spent the better part of 9 months driving back and forth between post and my mother's house every weekend to work a plan. My mother was completely overwhelmed by her health, family issues, financial problems, just everything everything, that I was given a Durable Power Of Attorney to take care of everything. During this time I was also gathering the medical paperwork, personal testimonies, and other miscellaneous paperwork the Army needed for a Compassionate Reassignment to a military post closer to my home town. + + On one of my visits I evaluated her financial situation and realized that she couldn't live the same life. Her house was in shambles, a complete wreck. It would need restoration to get any equity out of it. So I began to restore her house. I went from the foundation to the roof restoring that house. In 9 months of weekends I completely replaced both bathrooms, refinished 1,000 sq ft of hardwood floors, replaced and reinforced the floor joists under the kitchen floor, replaced the kitchen floor and sub-floor, painted every single wall, put up 700 ft of crown molding, used 16 tubes of caulk, and a ton of landscaping. All of our supplies came from liquidators and craigslist. We paid the bills with my paycheck, garage sales and auctions. + +This was my engagement. My fiance and I spent nearly every evening I was home covered in drywall dust and paint just trying to get the house done, on the market, and off our hands. + +Once the house was restored we put it on the market and discovered that our hard work and increased the house price by $80,000. In those months we invested about $11,000 in supplies and some paid labor. Mostly it was a lot of sweat and tears. We got a full asking price on the first day it was on the market. During the inspections mold was found in the crawlspace and it cost us $11,000. But we sold it. I walked away with $168,000 in equity. + +I signed the papers to close on the sale of my mother's house with a P.O.A. on my honeymoon. + +Now here comes a point that I am not proud of. In the space of 17 months my mother and sister have burned through roughly $90,000. I did my best to regulate their spending but I was in Georgia for the first 8 months after the sale to re-class to a different job (MOS) in the Army so that I could actually move to the Military post closest to my family. A decent amount of money was the actual cost of packing and the actual move that I could not be there for. Also their storage units were $4,000 a year. So I purchased a 40' shipping container and dehumidifier for $2,700 and put it on my property to save money. I rented a house for them in the same area that their old house was in so that my little sister wouldn't be completely uprooted and my mother would still have some amount of a supportive community. But that rental cost us dearly because the area had a decently high cost of living. With a sick woman and a pretty teenager I didn't want to move them to a cheaper, more dangerous area. Especially without me there, I was worried about them. My mother was pretty close to suicide and my sister was about to run away to become a ward of the state. + +My new wife was not allowed to come with me to Georgia so we spent our first 6 months of our marriage separated. During that time she was able to help my sister get back on track with school and came to visit me periodically. While in Georgia I took $50,000 and began to invest in ETFs on the stock market and was fairly successful with it. Simple day trading. Albeit a bit reckless in hindsight but it paid their bills for a while. Now I just don't have the time to invest in watching the stock market and the stress was awful. +But once I got through the time in Georgia and moved to the closest post, life kinda began to level out. I bought a house and finally got to live with my wife. + +But the good part: right now my little sister is about to graduate high school with full ride scholarships to 4 schools for academics and athletics! She is now 18 and has a good head on her shoulders. She is moving out and going to be just fine. My mother's health is better, just barely, but still better. And relations with our extended family have begun to heal. I am now stationed within 2 hours of them and I live in a house that I own with my beautiful wife. My mother currently lives with some friends in their upstairs suite to save money while we make a long term plan. Now that my sister is well taken care of, my mother can now focus wholly on her own life and welfare. +Its time for me to make my next steps. + + +SHORT STORY. + +I do not have a lot of time to make this work. + +I have roughly $75,000 of my mothers money to secure her future. +I live in a great housing market with many real estate opportunities. +I am making her my dependent under DFAS so she can be on my healthcare. +I will ETS in about a year to return to school with my G.I Bill to pursue a career in the medical field and commission as a medical officer. +I will be traveling for 8 months out of the next 12. + +I need to stop the bleeding of my mothers money. +Currently my mother is just bleeding money. I have her on a strict budget of $1,300 until we can establish a source of income. +My mother was initially denied Disability but we are still perusing it and it's looking better this time. +On her "Good days" she is beginning to look into getting some type of online job. Not much but any little bit helps. + +I looked at buying her a tiny house so that I could put her on a property that was already being rented by a tenant. And if she doesn't live in the tiny house I could rent it as an AirBNB or something like it. The problem is that tiny houses are crazy expensive, loans are not simple and it seems like a waste of capital when compared to property. + +I need an income of $1,500 to keep her stable and even start saving. + Long term, if her health gets worse I will build her a house on my property once my wife have found our place to settle down. + +I have a couple plans depending on what opportunity arises first: + +- OPTION 1 is to by a small property that would have a low enough mortgage that it could be covered by another investment house being rented as corporate housing. +- OPTION 2 is to buy a duplex so that the mortgage and utilities is basically covered by tenant and have a second investment house to rent. +- OPTION 3 is to have her live in a small property and rent a duplex. + +I need a place for her to live that is not in my house. and an income she can reasonably live off of and even save money. + +My personal budget for post ETS looks good. I will be making $2,500 more than I currently make. The problem is my current time crunch to make this work. + +I have had to dive head first into everything I have mentioned in this post over theses last few years just keep everyone afloat, so I know that I am over my head. Any advice would be helpful. + +EDIT: My mother lives in Tennessee if anyone wanted to know for healthcare and Lyme doctor purposes. + +EDIT: Yes, my mother actually has Lyme disease. We have tons of blood work with positive test results. Once she tested positive for Lyme the Doctors looked at her records and apologized because all of the symptoms she has had over the last 30 years could be traced to Lyme. They said she has probably had it since she was a young adult. +Hi everyone, + +A friend of mine recently signed up with a financial advisor. The advisor got them to set up a trust and invest their money with them for an estimated return of 17-19% pa in high-risk stocks. Now all their salary and income are paid to the trust. They mentioned that they get tax benefits by having a trust. + + +It all sounded a little too good to be true, is there tax benefits for individuals who put all their income and stocks/assets in a trust? + +Has anyone had previous experience with financial advisors and have they actually got a return that high? +Posting for my friend. Her father (single parent) passed away. + +She was trying to close the commbank account but found out theres an outstanding credit card debt. There’s less money in the account than the cc debt. So what should she do in this case? + +Just leave the account to wither and rot or proceed with the claim to assets form? + +Update: +Sent in the death cert and they are asking her to come in to a branch to show a photo id. My friend is no longer in Australia so it’ll have to wait until the next visit. Whenever that might be. +They called today saying that the loan fell through (after I had an introductory call with the bank and went over all of the terms with them) and are now saying they need to make a different financing arrangement. However I signed a contract and agreed to specific terms and I’m not willing to re negotiate things. At this point I would go pick my trade in up and give them the car back, but they paid my trade in off and seem to be finding away to salvage the situation on their end. I am unsure what to do from here and any advice would be greatly appreciated. Thank you. +BW.com just started signaling for Segwit, their hashrate of 6,6% of the total network will push segwit above 75%. Lets see if Jihad Wu will start fighting again. + +https://www.litecoinpool.org/pools +So background is I was laid off recently at 42, planning to relocate from vhcol to live closer to family and friends in a mhcol area. I’m close to fire by some measures, not all. Investable assets are around 28-30x expenses, target would be 33-35x. Do have what i consider to be a very safe/dependable investment that will generate enough income to cover living expenses for next 20-22 yrs without touching principal of assets. expenses in the 160-180k range, nw In the 5.5mm range (including home equity). That investment will take another 18-24 months before it fully covers living expenses so I’ll have to live w a 30k deficit/ yr for maybe 2 yrs. plus cost to furnish new home, buy a car or two in burbs. + +Can’t sell my apt in vhcol area since it’s urban and everyone w covid fleeing to suburban. Can’t get a mortgage (not even an asset depletion mortgage) for new area w no job. +If I sold every stock I own (not in retirement accts) I could buy a house in new area in cash but it’d be tight til I sold my apt. + +I don’t really want to do my old job in finance anymore. I was overpaid and made about 850k ave over past 6-7 yrs and I didn’t have to work very hard given I’d been there forever. + +New jobs r hard to come by in finance in area I want to relocate. One contacted me today offering total compensation of 200-220k. Job would require me to work in office and commute. W 2 kids likely doing remote learning option in coming school year would rather stay w kids and help them w school. + +To many people that’s good pay, but it’s hard from an ego perspective to take a new job, work prob many times harder to make 75% less money. + +If I had an extra 1mm I’d def just FIRE. Currently have no side hustles. + +Do I: +1. Take a job to get a mortgage and quit if I can’t take it on a few months +2. Just fire since I’m close and have faith in my investment that’ll cover living expenses for a long time. As some say working much harder to make 75% less is a recipe for misery. And Have faith that I’ll eventually find some sort of side hustle that will generate some income +3. Swallow my ego and say 200-220k for most is good income, got health coverage, a mortgage, and reduce some anxiety +4. Take a job til I sell my apt + +Some people I ask that haven’t made that Income just see the 200k number and think it’s a lot but it’s hard to go back making that when you’ve made so much more for past 15 years. Last time I made 200k was when I was 26. +I know this is a privileged question which is why I need the fatfire community for this since not many people I can talk numbers w like this who may be able to relate + +If it’s a job/industry u don’t care for anymore is there some threshold you wouldn’t go below? (50% of previous income) +I plan to retire in 6 to 9 years (depending on how much I still like my job, and my financial situation). I have a 2.5% 7/1 ARM with 5 years left, for $1.4M (will be $1.2M when the ARM resets). I currently have $3.7M in investments (700K in retirement accounts, of which 500K is bonds, the rest in brokerage) and add $200K/year to investments. $60K/year of that is to 401k plus backdoor Roth, which I'll be doing no matter which path I choose. + +Does it make sense to aggressively pay down the mortgage now? If I were decades away from retirement, keeping a 2.5% mortgage would be a no brainer, but I need to pay it off sooner than that. + +One school of thought is that in the next 5 years, it is very likely (but not guaranteed) that the S&P500 has returns 2.5% per year or more, and also an ARM reset to a new interest rate is manageable. Keep the 2.5% loan as long as possible. Put all new investments into the market and then start paying down the mortgage 2-3 years before retirement, paying 23.8% capital gains. The downside is that there could be a big crash at the worst time. + +The other school of thought is to reduce risk as much as possible. Vanguard predicts 4-6% US stock returns, and the interesting thing is that if I have to sell the stocks I buy today in 5 years, 4% returns after tax is a wash with paying off a 2.5% loan. 2% is dividends which are taxed at 23.8%, so total return is basically 1.5% dividends plus 2% price appreciation. So 1.035^5 = 18.7% total return, but only 14.2% after capital gains. Meanwhile, money spent paying off the loan after 5 years is effectively 1.025^5 = a 13% return. + +Earlier this year it was possible to get 2.5% in tax free bonds, which would preserve liquidity, but that is no longer possible. + +Is anyone else in a similar situation looking at how to best pay down a big low rate mortgage? +I made a post yesterday about watching interest at highs. + +&#x200B; + +Just wanted to update this mornings trading so far made new highs (during NYSE on-hours) on low volume relative to previous volumes. + +&#x200B; + +I can't see off market volume in relation to open hours charts. Take that into consideration. + +&#x200B; + +TLDR = Relatively low interest at highs = no ceiling yet for rockets + +&#x200B; + +https://preview.redd.it/xxbwojq1iwc61.png?width=3512&format=png&auto=webp&s=6529d1c29532656a50eaca5cb277fd3aba7b5b70 + +Please tell me if this is annoying or if this is interesting. I'm doing it for myself anyway and will stop posting if no interest. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +UPDATE 12:05 PM + +https://preview.redd.it/2m55zmg11xc61.png?width=3511&format=png&auto=webp&s=f4c34c99151c1b3574b8cb61a1af593501dd8975 + +Some significant volume at what COULD be a high. Volume the highest over the last 3 days of trading, but not exactly climactic in terms of the last two weeks of trading. + +&#x200B; + +If this is indeed a high, I would expect a retracement and then look for buying interest to come back in, hopefully. + +&#x200B; + +UPDATE 12:20 PM + +https://preview.redd.it/dzjfymg04xc61.png?width=3519&format=png&auto=webp&s=48078c1df6bb3d41f5ef69edf3cb636fb08abe21 + +This is what significant volume looks like. + +However, as I am typing this price just broke this high volume candle. + +Volume coming in but overwhelming demand it looks like steamrolling. Some big dick boomer just hit buy because his son on wsb convinced him. + +&#x200B; +#bofa deez nuts + +--- + +# LMAO GOTTEM + +If you're wondering why this thread has such a better vibe than the other BofA reveal thread, it's because this was the thread made when only long standing WSB users could post (Approved users) +Bonds or something? Maybe crash proof stocks that have historically been mostly unaffected by market crashes? I know during the depression certain stocks in entertainment or that equated to meeting those of the opposite sex (gum, smell good, soap etc) shouldn't be hit as hard as the broader market. + +I was thinking that even solid blue chip stocks like Coca Cola would still sell well in that type of scenario. I just hate the thought of parking dry powder money in a savings account or something like a CD. I would think there are far better spots that give you more bang for your buck and would overall give you a great position to transfer it into hard hit stocks at such an opportune time no? Also, what's a good percentage of your overall investable money to put in there? Maybe like 15 to 25% of your investable money? +Thank you in advance! +[https://twitter.com/TheRoaringKitty/status/1380611475757236226/photo/1](https://twitter.com/TheRoaringKitty/status/1380611475757236226/photo/1) + +Imagine you are playing poker… [https://www.reddit.com/r/Superstonk/comments/mn5bis/order\_flow\_and\_options\_manipulators\_the\_heinous/](https://www.reddit.com/r/Superstonk/comments/mn5bis/order_flow_and_options_manipulators_the_heinous/) + +What do we say to the god of death? [https://www.reddit.com/r/GME/comments/mn5d8j/order\_flow\_and\_options\_manipulators\_the\_heinous/gtya1c4/?context=3](https://www.reddit.com/r/GME/comments/mn5d8j/order_flow_and_options_manipulators_the_heinous/gtya1c4/?context=3) + +Not today... + +[https://twitter.com/TheRoaringKitty/status/1380604175009075212?s=20](https://twitter.com/TheRoaringKitty/status/1380604175009075212?s=20) + +&#x200B; + +https://www.youtube.com/watch?v=oOY2mD0Imok + +&#x200B; + +IMO Wuz's DD is the entire foundation of most DD's posted today and I believe he deserves a lot of credit for our understanding of the current landscape. That's why I've been volunteering to post his stuff for him. He doesn't want to be famous but this has been an interesting day. + +Wuz was the first to talk about Blackrock and Susquehanna. + +Wuz was the first to realize calls/options can be the shorts. + +[https://www.youtube.com/watch?v=c8uVDRt2Os4](https://www.youtube.com/watch?v=c8uVDRt2Os4) + +Pretty easy to see that cat's got a winning hand... +[https://twitter.com/TheRoaringKitty/status/1380611475757236226/photo/1](https://twitter.com/TheRoaringKitty/status/1380611475757236226/photo/1) + +Imagine you are playing poker… [https://www.reddit.com/r/Superstonk/comments/mn5bis/order\_flow\_and\_options\_manipulators\_the\_heinous/](https://www.reddit.com/r/Superstonk/comments/mn5bis/order_flow_and_options_manipulators_the_heinous/) + +What do we say to the god of death? [https://www.reddit.com/r/GME/comments/mn5d8j/order\_flow\_and\_options\_manipulators\_the\_heinous/gtya1c4/?context=3](https://www.reddit.com/r/GME/comments/mn5d8j/order_flow_and_options_manipulators_the_heinous/gtya1c4/?context=3) + +Not today... + +[https://twitter.com/TheRoaringKitty/status/1380604175009075212?s=20](https://twitter.com/TheRoaringKitty/status/1380604175009075212?s=20) + +&#x200B; + +https://www.youtube.com/watch?v=oOY2mD0Imok + +&#x200B; + +IMO Wuz's DD is the entire foundation of most DD's posted today and I believe he deserves a lot of credit for our understanding of the current landscape. That's why I've been volunteering to post his stuff for him. He doesn't want to be famous but this has been an interesting day. + +Wuz was the first to talk about Blackrock and Susquehanna. + +Wuz was the first to realize calls/options can be the shorts. + +[https://www.youtube.com/watch?v=c8uVDRt2Os4](https://www.youtube.com/watch?v=c8uVDRt2Os4) + +Pretty easy to see that cat's got a winning hand... +Hello! Hoping to get some advice for my mom's terrible financial planning. + +Background: My mom (50) has pretty much never worked in her life, never paid into social security, and has zero savings. Her spending habits are equally as terrible. She got by from different marriages, or different men taking care of her. Now she's going through another divorce and coming to me for help. She will be getting $3,600 in alimony each month for three years. + +After I refused her request to move in with me she brought up the idea of co-signing for a multifamily rental (I have one so that's where she got the idea). I accepted the idea as long as I'd be able to take myself off the mortgage within a year. However, after doing some research and talking to the underwriter it seems very unlikely that I'd ever be able to take myself off. In addition, I'm doubtful she will be able to pay the mortgage after her alimony is up even with rental income. + +Not too close to my mom, but don't think I could allow her to not have a place to live. Just wondering if anyone has made is through a similar situation without having to financially support your parent/parents for the rest of their lives. +Also, would it be as hard as I think to take my name off the mortgage? + +Thanks for reading! + +Edit: Well broke it to her that I wouldn't be co-signing. Went nicely as you could imagine 🙄, and her next idea is to turn to her parents. They're not going to so no either. +With people selling prior to taxes and christmas, the pressure is on. The one time of the year where you need liquidity to make sure your little guys/girls smile on Christmas day. Do the hedgies know this? Yup. Do they care about you or your families? Of course not. So their game plan is to push the price down, and test your "diamond hands". And while they push the price down, are you going to buy more GME or make sure you have presents to wrap? + +&#x200B; + +This is not an accident. Talk is cheap, but it takes money to buy whiskey. +There is a wholesome story going around by the BBC today, echoed by some crypto "media" about a young crypto millionaire that turned $50 into millions within months trading crypto. Okay, this sound somewhat unbelievable, but there's more to the story. + +They report, he is giving back to the community and "A cryptocurrency he set up to support charity has already seen more than £200,000 spent on causes, and he is looking to use further funds raised by his currency to realise his foodbank plans for his home town of Birmingham." + +The problem is: that token shut down in October, as a [Twitter user](https://twitter.com/jimwaterson/status/1491361991541538817) found out through a short search. If you look at their [subreddit](https://np.reddit.com/r/Orfano/) it's dead and people don't seem very happy - it seemingly was a scam. + +What the fuck? I know crypto reporting in mainstream media is often bad, and crypto media is always awful, but how can such a big medium publish such a story without the most basic research? + +**Edit: seems like the BBC article was taken down! You can find an archived version [in my reply here](https://np.reddit.com/r/CryptoCurrency/comments/sobivz/bbc_and_crypto_media_20yearold_turned_50_into_8m/hw7ofvc/) (I don't want to link it directly as my post couldn't be posted with the link originally)** +I learned about stocks in the end of 2018 and did not know what I was doing and apparently it was a bear market. I was losing money everyday and I would sell and go to a another stock and would sell that at a loss and move on to the next. I remember putting everything on FDX before earnings and they missed by 0.01 or some shit like that. And it took 20% of my account with it (Leveraged) + +I didn't know what investing vs trading is and started learning all that. + +I started investing since then and left trading alone. + +I started watching all the trading YouTube videos and read trading in the zone and thought I'm ready let's make it all back. + +I started late of 2020 before the coof and did well in the pandemic like most people. Comes march of 2021 and I started the decline. I lost half of what I made in 2 days. + +I decided to take the rest of the money and just leave 5k in that account and trade with that. These 5K went to 10k then are now $250 in a matter of days too lol I got no one to talk to about this and it's definitely a small loss compared to the screenshots we all see but it's destroying me emotionally and mentally. I've put a lot of time in this and put in the screen time and studied the charts and found an edge that worked but that same edge made me blow up because I thought it would still work. + +I just got no one to talk to about this and no one would understand. I love it and I do it for the love of it and I'm not chasing a pnl but seeing me blow up my account in 2 days screams emotions and no risk management. I know what I do wrong and I can't control it. I'm not really looking for advice as much as I'm looking for someone who understands and maybe might have been through this. +The other day there was a discussion in r/technology about NFT in games. Ubisoft as you all know have embraced Tezos (XTZ) as the blockchain to bring NFT to their games. + +Instead of reading up on what this is exactly and how this could be used in games in the future the only thing happening in that topic was bashing crypto, blockchain and by extension the energy consumption needed to run the network. When I tried to comment that XTZ is actually quite low in energy needs, I just got ignorant replies and downvotes. + +It seems to me that sensationalist news posts about crypto are keeping people in the dark regarding the true potentials of crypto and blockchain. As with everything new they focus on a single bad aspect and enlarge it without proper analysis. It kind of made me sad to see so much ignorance in a sub that's supposed to be dedicated to technology, out of all topics available on reddit. +Remember, everyone is a genius as long as the prices keep going up. All it takes is one whale to liquidate a few million in bitcoin to give us another double digit negative day. + +I always know I’m in trouble when I start to throw money at coins I have no idea about just because everything else is up 10%, this coin should go up too. + +With that being said, just a few words of advice. + +-Don’t go all in on a single coin. Diversify. +-Move profits to a stable coin that gives good APY +-Always have money available for buying dips. +-If a coin is mooning, sell half your position and hold the other half. +-Be smart and don’t FOMO. Have set goals in mind before opening a position. +-Watch out for phishing scams! They are ramping up a lot this week! + +Happy crypto trading people! Let’s continue building our portfolios! +I'm thinking of taking advantage of both of their switch offers but have heard/read things about how poor they are in terms of service, apps etc. Currently quite happy with Lloyds and Halifax but £300 is £300... +This article goes on to say that in spite of the yield curve inversion, the economy is looking very good. And how Q3 numbers are actually not bad. Which I don't disagree with. But a yield curve inversion is typically 12-18 months before a recession, not 3-4 months. So we'll have people talking a lot about it now, next, as this article does, we'll have people brushing it off. Then people (retail) will forget. Once the other shoe drops, you'll hear so many people claiming that no one saw it coming. + + +https://www.cnbc.com/2019/08/15/economy-looks-far-better-than-the-bond-markets-recession-warning.html + +TL;dr: people have short memories. +Remember, every share counts. Whether you own 1 share or 10,000 GME shares your contribution is important.  + +But you know what?  It's not really about the share amount. It's about showing up, participating, and doing whatever you can do to help in the battle for market transparency.  + +How or where you decide to spend your money is your decision. But if you're lucky enough to be the holder of but 1 GME share then you've got a one way ticket to the MOON!!!  🌕 🦍💪😎 + +Apes support apes no matter what.   + +Sincerely,   + 🦍 +Check my Blockfolio real quick and noticed all double digit reds. Honestly, I feel relief more than anything. These crazy bull runs seem to be non stop and almost artificial. A crash has been looming in the back of my mind, yet the entire market has doubled this past month. + +So the real question is how low will it go this time, will we see a crash soon? Or will this bull run of '17 continue straight to '18 +Fellow highly regarded apes, we are now sitting at the beginning of something greater than we had ever seen. This isn't just "another squeeze". This next one will be greater than before. Here's my retarded analysis coming out of my highly-polished smooth brain. + +**First of all, let's talk about the REGSHO.** [$BBBY showed up at the REGSHO](https://www.nasdaqtrader.com/trader.aspx?id=regshothreshold) approximately sometime the beginning of last week. And according to the REGSHO regulation, [which you nimble-fingered apes can click here](https://www.sec.gov/investor/pubs/regsho.htm): + +>In addition, Rule 203(b)(3) of Regulation SHO requires that participants of a registered clearing agency must immediately purchase shares to close out failures to deliver in securities with large and persistent failures to deliver, referred to as “threshold securities,” if the failures to deliver persist for 13 consecutive settlement days. + +&#x200B; + +We are talking about T+13 days here, and that's 13 trading days you retards, not calendar days. So that means if you open up your dusty calendar and count with your finger, you will see that it's going to fall sometime next week, toward end of the month, which brings us to the next point: + +[The "End of Month" announcement.](https://sec.report/Document/0001387131-22-008865/) The company is going to make an announcement toward end of this month. We don't know what it is, but we can speculate it is the transfer of their buybuyBaby to the equally retarded Ryan "paper-hand" Cohen. What is that retard going to do with it? Probably send it to space, but that's another story. How much did he buy it for, we do not know, but for sure more than $1. + +What does this mean? That means the shorts who have been sitting not covering their ass last few days thinking they have won, are now going to get their ass shoved back to them to cover as we are getting close to T+13, and that's as early as next week. + +But WAIT! [HOLY COW THE SHORT INTEREST REPORT IS COMING OUT END OF DAY TODAY!!!!](https://nasdaqtrader.com/Trader.aspx?id=ShortIntPubSch). This will add gigazillion gallons of fuel to the fire! This short report will include data up to Aug 15, which is when $BBBY was mooning from $4.5 to $17. + +This squeeze isn't going to be easy! They are going to continue shorting to fight the price back down, so we will be seeing some resistance. [Number of shares to short was 1M yesterday](https://iborrowdesk.com/report/BBBY), and is now dropping fast as we speak, while fee is increasing. + +https://preview.redd.it/avgegtonloj91.png?width=369&format=png&auto=webp&s=89e5f22f5cf008fa98872db16a391e451c8f8788 + +**The momentum begins NOW**. It will be shaky for a bit, but my low IQ is telling me it will eventually moon. + +&#x200B; + +Disclaimer because tinfoil: Do not put money that you cannot afford to lose. There's no "WE". Make your own financial decisions. A squeeze is not guaranteed. No money back guarantee. This is a casino. Gamble responsibly. This is not a financial advice. I am not your financial advisor, just a regarded Wendy's employee working extra shifts. +After reading the post: + https://www.reddit.com/r/UKPersonalFinance/comments/pck8kr/isas_pension_cgt_harvesting_whats_next/?utm_medium=android_app&utm_source=share + + +I was wondering if anyone had calculated the threshold above which you should just give up trying to find tax saving ways, accept the taxes and move on. + + +I know some of you will say that it varies for every individual, but let us assume a simple case here of a single person doing basic investments like isa, Lisa, full pension, annual 12k capital gain harvesting. (i.e. no child care like additional tax benefits etc) +[Original Post. ](https://www.reddit.com/r/UKPersonalFinance/comments/htzpks/im_23_part_time_worker_on_furloughed_leave/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +First off I want to thank the people who were willing to buy me essential goods from Amazon, I really appreciated it. Thankfully, a friend was able to lend me some cash that day to get some groceries but nevertheless I felt very supported on this sub. + +So, I read all of your advice and I have some updates. I went to my bank the very next day to ask for a loan, which was declined due to my inconsistent income. Also my application for an overdraft was declined for the same reason. So that didn’t work. + +Citizens Advice Bureau wrote us back the same day (instead of a telephone appointment) and asked us some questions about our situation. They have emailed us again yesterday to ensure us they will help us get through Universal Credit (hopefully speed it up), giving us vouchers for electricity and gas (that’s great help!!!) and they still want to see our tenancy agreement to help us advise with the debts. We have also completed the Universal Credit application and are waiting for somebody to get in touch with us. + +I have also emailed my course leader in Uni about contact details of the right person to contact for this problem. She hasn’t replied yet and an automatic message said she will reply next week. + +I am still anxious of my landlord evicting me. I have hoped for a loan from my bank but I guess I won’t make up the money in the time span he gave me. He didn’t reply to my last message and I will message him today to ask for a payment plan and inform him of our bad luck in collecting the money. + +Is there anything else I can do? Please let me know. I know he can’t evict me but I am scared somebody will come and try to take our things. + +Any further advice is appreciated and thanks for sticking with me through this journey. +Seriously, I want to get this off my chest as a Canadian ape frustrated with GameStop's website. + + +The search bar at the top is weak and omits relevant search results that are not exactly spelt the same as the item. + +The filter options are weak. And when you drill into a console like the switch navigation feels archaic. You can also tell the site is poorly built to handle apparel merchandise and things like toys. A different web page for each size of shirt is bad. + +Same thing for electronics like an iPad. Items of the same generation should be on one web page with the option to select a colour and storage size on the same page. + +The entire site is no different than when I used to shop on it for GameCube games. We deserve better! +Right now the majority of brokers have essentially duplicated shares (possibly even duplicated duplicates/synthetics/IOUs). Just take a moment and think about what will happen to those brokers when it comes out that everything was mishandled and now they’re on the hook for finding and supplying real shares to shareholders. + +I have a feeling what we will see is a lot of brokers getting completely liquidated and/or going bankrupt. + +DRS you shit right. Fucking. Now. + +NFA obv +# This is the monthly chart of bitcoin since inception, what patterns we can spot from this graph that help us predict what can happen next? + +* Bitcoin goes through cycles, in which bitcoin have phases where prices go parabolic (bull-runs), then it is followed by a correction (bear market). +* As you can see, Bitcoin grow logarithmically with time. + +[Bitcoin cycles since inception](https://preview.redd.it/9uik2df826f71.png?width=1443&format=png&auto=webp&s=25026f8568cbce269e91be9f941b64f1c4c8e036) + +* Cycles tend to extend over time, meaning that each cycle will take more time than the previous cycle. + +[Bitcoin cycles extend through time](https://preview.redd.it/9i1p24vx46f71.png?width=1456&format=png&auto=webp&s=993014aea773d9254ee4bf413a4fdc70d2e94729) + +* Bitcoin return on investment decrease over time. + +[Bitcoin ROI from market cycle bottom](https://preview.redd.it/j3zaqrwt66f71.png?width=1456&format=png&auto=webp&s=e29061a830c97587ef7cdf1752b075fa3ef76fdf) + +If you think about it, it actually make sense to have diminishing returns and lengthening cycles. It takes more time and money to move bitcoin from 10k-100k than it takes to move bitcoin from 10$-100$ although it is the same increase in percentage. + +What triggers a bull-run? + +Usually, the bitcoin halving event triggers increase in price over a long time frame due to the scarcity of the available asset. However, There is a "Golden Cross" that triggers a bull-market. Which is when the 50-day exponential moving average cross over the 200-day exponential moving average. That is usually a bullish signal when given that these exponential moving averages holds as support. + +[2012 Golden Cross](https://preview.redd.it/kcnrruyae6f71.png?width=1467&format=png&auto=webp&s=7f234d9dcc65795b16c35e2764eb822f1b1b076e) + +[2015 Golden Cross](https://preview.redd.it/g0d0r41qe6f71.png?width=1467&format=png&auto=webp&s=fb7571be1545c4d19ca3052601a4395625ffa11d) + +[2020 Golden Cross](https://preview.redd.it/a0l5sxv5f6f71.png?width=1467&format=png&auto=webp&s=9e938b828501277443075b43ec8ab02c06773c12) + +Most of these information I learned through YouTube, specifically a guy named Benjamin Cowen. You guys can search him up his channel is really helpful. All credits to him. + +This post is to state the long term trends of the crypto asset class, previous trend doesn't guarantee the continuation of these trends. it is not a financial advice. +Edit : Thank you so much for the awards, kind people. +If you actually believe in ₿itcoin’s inherit value in a world of infinitely printed fiat with a user-base growing at twice the speed of the internet’s user-base growth, a majority of all which are dollar cost averaging their income of infinitely printed fiat into ₿itcoin’s finite Satoshi supply, then you love these dips. + +“The ignorance of the majority is your opportunity.” + +There are corporations and nations adopting it. This is bigger than any signs I saw of Bitcoin’s potential of success ten years ago, so I’m even more excited about its future now than I was then buying the dips and subscribing to this model of thought. + +So take advantage and buy while the world is ignorant. Their ignorance is your ₿liss. + + All this means today, is that you’re still plenty early with less than 2% of the global population having adopted it today. We’re talking 1997 internet user base numbers with a projection of a few billion users in 4 years and even more billions in ten years. + +When Bitcoin’s drops are only ten percent from its all time highs, that’s when you know you’ll be late-ish and its returns long term will be no where near where its long term returns are today + +Satoshi speed new guys and OGs. Let’s use the world’s ignorance today to our advantage and stack the sats that the majority are too ignorant to value today. +~840 million last 24 hr + +~500 million last 1 hour + + > https://www.bybt.com/LiquidationData + +one long alone got liquidated for 130 million ETH + + > https://twitter.com/hsakatrades/status/1453277837897699335?s=21 + +then masses stop-losses go off and it’s in free fall + +and likely bigger triggering limit buys (plus dip buyers) and we got the 1 hour crash and bump + +still pretty crazy that so much liquidated but primarily in BTC and ETH but they likely held a lot of alts too and all hit the market at once in the middle of the night with mostly just — with kor traders busy with 1inch lol — limit buys to pick up the slack + +edit: worth emphasizing for clarity it was bulls not bears — leveraged longs. i also comment a eli5 below + Hi all, long time lurker first time poster. + +The company I work for (RioTinto) has a good employee share scheme. it's works like this + +* For every share you buy the company will give you one free, as long as you keep the original share for a minimum of 3 years. +* During this 3-year waiting period you receive dividends on all shares including the free one. +* The dividends are automatically re-invested and paid out as more shares. +* If you sell the original share or leave the company before the 3-year period you forfeit the free share. +* the maximum you can put in per month is $466. And the shares are fully franked. + +I have been in this program since about 2013. I have close to 1100 shares worth about \~$100k. I am worried I have too much exposure to the one company. + +Should I stop now given I have a large number of shares, and my exposure risk to one company? + +Or + +Is this share program "money for jam" and i should just keep going indefinitely? + +Thoughts? +I bought a Melbourne cbd apartment in 2017 and sadly it has not appreciated at all. In fact I believe i would probably lose money if I sell it now. + +It was bringing in ok rental at the start.550 pwk and now 500 p wk. It's a 1 bedroom with no carpark. + +My worry is that it will grow older and lose even more value. Should I just bite the bullet and try sell it now? +Or keep it since it's bringing in ok rental and covering all my mortgage and running costs with some extra cash on the side I have to pay tax on! + +Atm I've got a 320k IP loan on that property. If I got rid of that I would be able to borrow more and look for a IP with land is that correct ? +For context im mid 30s DINK . Apartment was bought before I got married. +Just wanted to see how many of you guys don't actually have a side hustle, to make me feel better about my situation. I have a decent enough job as an environmental manager in heavy industry, but feel as though I could be doing "more" to increase cashflow and give me a greater sense of purpose. If you dont have a side hustle, do you have hobbies/interests that keep you fulfilled instead? + +My problem is I have so few marketable skills. I tried creating a youtube channel on personal finance but I'm awful at that, I got really good at Excel and Excel VBA but turns out the "freelance project market" is already totally saturated with guys from India, my DIY skills are non-existent, I can't draw/paint, I dont play any musical instruments and getting a weekend job at a supermarket isn't worth more to me than free time at the weekends. Maybe it's just not meant to be for some people. + +Edit: Thanks all for your responses,much appreciated you all have some great takes on this and I actually feel better about it now! +I had a few bangers over at r/GME before the mass exodus but none were actual DD and none have made me this excited to display what I've just learned whether or not its small so here it is: + +I just got off the phone with Fidelity about transferring my Robinhood shares to my Fidelity account (I know late af to the game but hear me out). I was transferring single digit shares I was holding in RH to my now double digit account over in Fidelity (I had been buying GME strictly on Fidelity following the Robinhood buy restriction but I was scared to transfer in limbo until I researched more about what kind of timeline I personally expect for the MOASS. After digging through tons of comments under transfer posts, I realized that transfers usually took less time than Fidelity states it will take for an average of about 5 business days. + +I could've easily transferred the stock online without calling but I wanted someone to pretty much confirm my assumptions that it was still a good idea. The guy I spoke to was extremely nice and instantly applauded me for having GME after I answered the security questions. After I explained that I wanted a full account transfer and gave him all the details, he began to talk about and reveal something extraordinary. This is where it gets JUICY. IM ABSOLUTELY JACKED TO THE APE TITS TARZAN MOM STYLE. PSA though: I don't have any actual proof or transcript of this call so you're just gonna have to believe my word as an ape brother. I believed his. + +**A Different Perspective into** **the Sheer Size of Retail Population:** + +Okay so let's get down into it like my wife's boyfriend after my 7pm bedtime. This poor employee began going into detail about how he overlooks bonds for Fidelity but he also does at-home customer service. He said they have been absolutely slapped on the cock with how many people have transferred accounts and opened new account just in 2020 and especially 2021. I instantly realized that this guy knows exactly what is going on with GME and what is coming so I asked him a few questions which he gladly informed me on. I didn't have much time to talk so I only got 2 outstanding, amazing numbers from him and here they are in order of importance: + +**1) In a single WEEK following the buying restriction on RH for GME, Fidelity processed more than 500,000 INDIVIDUAL account transfers JUST coming out of RH...ONE WEEK.** + +I find it hilarious that Robinhood lost **3.85%** of their TOTAL customers in a single WEEK that is insane and also fuck them. I don't know exactly which week but given that the restriction happened in late January-early February, the subsequent number of account transfers following that 500k week has to be dick large like yo mama levels. This is obviously speculation, but I would conservatively say that account transfers from RH to Fidelity AFTER the RH restriction is NO LESS than 3 million individual accounts to date. I mean come on 500k accounts in a single week and its been over 2 months (8 weeks) since the restriction? You could probably have a sincere estimate pushing 5 million accounts (not shares, individual accounts!). To back this up u/Philip3110 made a post [here](https://www.reddit.com/r/Superstonk/comments/mkr1u5/rh_users_down_63_in_march_retail_investors_losing/?utm_source=share&utm_medium=web2x&context=3) that shows an article officially reporting RH 63% loss of users (over 8,190,000 users lost). So I think it is definitely possible that 3-5 million migrated to fidelity or elsewhere. Using previously lowball, calculated estimates on average shares of GME held by apes, that is 5 x 3,000,000, 15 million, just for the people that transferred shares from RH to Fidelity in the last 2 months. Sheeeeesh. The extreme support and backing of Fidelity in the comments of r/GME and r/wallstreetbets posts leads me to believe that there had to be other transfers from other brokerages to Fidelity too. I would be comfortable saying that in these past 2 months alone, Fidelity has seen an increase of account transfers containing more than 15-20 million GME shares alone. Other brokerage seeing migrations likely drive this higher. Now this obviously isn't new shares being added but it pretty much gave me a wakeup call about how many shares are really out there in retail if this many are just the ones that got transferred. **AND** on top of that, a ridiculous amount of shares have been bought and held since then too. I believe that retail owns a ridiculous minimum of 80 million shares. On r/GME u/thedav1d also attempted to estimate the retail holdings [here](https://www.reddit.com/r/GME/comments/mduj5t/dd_why_retail_is_holding_far_more_shares_than/?utm_source=share&utm_medium=web2x&context=3) . I think that the average # of shares held by redditors is anywhere between my estimate of 5 and their's of 10. They concluded that WSB alone holds 70 million. Truly no one knows for sure but I think that this Fidelity dude casually telling me about the true numbers in the mass exodus from RH means its a safe bet that its higher than even our most extreme estimates. Now on to #2 + +**2) In 2020 alone, Fidelity saw an increase in new users by over...wait for it...20 Million users. He said that nearly 50% of this was in the last 3 months of 2020. That's big.** + +The stats for 2021 are likely not available until the end of the year but I know for sure that number of new users for 2021 is already the size of kong's third leg. I was one of the new accounts opened in 2021 (January) and I'm sure at least hundreds of thousands of apes have done the same with at least a few shares. I've held through the $384 spike (at the time my average was $240 ouchie) and watched 80% of my savings go down the drain and then squirt back up in my face (sussy) because I wasn't a paperhanded bitch. I'd say I'm sitting right at or slightly above average for the apes population on shares held and I just want y'all to remember that its far bigger than you think. It always is. Retail is a force no one expected to be this large. From the start these hedge cucks expected paperhanding and it simply hasn't happened. In fact the buying to paperhanding ratio has to be like 100:1 or something ridiculous. + +&#x200B; + +"People hate to think about bad things, so they always underestimate their likelihood." -Charlie Geller a.k.a. the small fish that won big. + +You felt something was off. You researched, you discussed, you looked up, researched more, discussed more, and now you *know*, that you discovered something the rest of the world is conditioned to ignore. + +Hang in there and don't worry about dates. You're at the point in The Big Short where they have nothing left to cover the fraud. It is coming and you are hodling patiently with a smile of excitement. + +Edit 1: This is not financial advice obviously and is complete speculation + +Was on computer making this but now i’m on the phone 🚀🚀🚀🚀🚀 +Please use this thread to discuss whatever you're interested in trading today; pics for positions risking over $2000 are required as this can give you credibility since your 'money is where your mouth is'. This means any put sold for a stock over $20 requires verification. + +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep bragging to a minimum; remember every dollar you make is a dollar someone else lost. + +Since this thread is likely to fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Like the title says, today was my first time diving into the #thetagang. Sold 35 of these contracts for 1.20 each. Not opposed to holding this stock at a cost basis of $19.80 so either way feels like a win for me. Just was excited and felt the need to share. +Hi Everyone, I am thinking of selling cash secured puts on stocks/etfs that have low betas and that are dividend paying. What's an ideal delta and theta does everyone usually target? +This happened to me today. While I'm paper testing a CSP strategy to fully deploy in my account, I'm also doing it with actual money (at a very, very small percentage of my portfolio) to see what kind of behavioral biases I will be prone too, when using actual money. + +Without going into details, today I panicked-closed puts that I had STO, almost at the lowest underlying stock price I could've sold, only for it to swiftly recover. I had a minor loss (I'm talking 0.2% of my portfolio, so very minor - in contrast, even after the loss I've made 1% of my overall portfolio in the last two weeks. So really, very minor indeed). Now, this was **totally unnecessary**, because the stock price was still way above breakeven. In fact, it was still above the strike price. Quite simply, it was an emotional moment of panic. + +I obviously very much regretted doing this and not abiding by my risk management rules that I have developed prior to commencing paper trading, and was actively seeking for new transactions to make up that small loss. The issue is, I was trying to trade out of frustration, and quite frankly, bruised ego. I nearly entered 3 or 4 trades that were way outside my chosen parameters, which would've been pretty much the stupidest shit I could've done. + +After the 3rd or 4th time where I almost entered a trade, I decided to say fuck it, take a step back, turned off my brokerage account for the rest of the day, reflect on what went wrong, and live to trade another day. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. + Looks like I have used up all my brain cells on this one and still can figure this shit out... + +So I have generally ICs are a combination of put spread and call spreads with objective that the price will be in a range, which uses a bit of margin... + +Scenario 1 Traditional IC: + +I make traditional IC with 1SD spread and I get 115 at expiry but the collateral ($ 250) is blocked until then. + +Scenario 2 Stupid IC: + +I make IC with calls and it costs me $140 upfront, though I profit only $110 ($5 less than traditional IC also lose $5 more if the planets don't align up) and still use the remaining $110 to lose on other shitty trades... + +So my question is why in the world would use traditional IC and not the Stupid IC is it just the $5 gap and not the opportunity cost of liquid money..?. + +Is it just me or do I need to apply for the Nobel prize in economics for this discovery? + +&#x200B; + +https://preview.redd.it/1b1yr00qws181.png?width=500&format=png&auto=webp&s=150e75f1a246a2b122406a72edfe9c878413af8e +I see regular comments that PMCCs aren’t “theta.” I do understand gains on a PMCC can coming from the delta as the underlying increases, but aren’t you getting a theta portion as well? + +The theta on the short call always seems to be giving me a gain on time decay versus what I lose on the LEAP, especially since I tend to go ultra deep and 2 years out. +I own 5,400 shares of PLTR at $15/share. Would anyone be willing to walk me through selling covered calls against these shares, and whether that is a good idea or not? + +Also, what expiration do people tend to choose when selling covered calls? Weekly, or longer out? I see on RH that selling a $32 call with Dec. 11 expiry has a $0.54 premium and 85% chance of profit. 50 contracts = $2,700 premium, and I will keep both my shares and the premium if PLTR is below $32/share in the next 4 days? Seems too good to be true, so if I am missing something I would really appreciate some guidance! +Hi everyone, + +So I recently discovered this sub and started watching more YouTube videos on selling options. I was wondering if someone could answer this question for me? From my understanding, a .3 delta and a 30-45DTE is the ideal choice of a strike price because of the lower probability of stock being assigned and because of the theta decay ramp up. + +1. For those who have sold CSP or Cc For a while, how close (stock price to strike price) do you start considering rolling your options farther out? + +2. If you have a contract that is getting close to the strike price, let’s say at the 14 day mark, but your DTE is not for another 14 days, should you consider rolling it or hoping the underlying trades upwards again so the option becomes more OTM? + + +3. For those that roll, do you often roll down for CSP and roll up for CC? + + +Thanks! +In the current market where massive companies are dropping by 25% overnight I am a bit worried about wheeling without some downside protection. I’m curious what holes there are in a strategy I’m considering. + +The strategy: sell weekly CSP’s while buying a monthly put on the same stock 10% lower than the current share price. If I get assigned then sell calls until called away, if not, keep selling puts. Rinse and repeat on a monthly cycle. + +My thought is that you have protection if the stock stays down over a month so your losses will be minimized. If it doesn’t drop I know my profits will be less but will be “insured” in some sense. What am I missing? +Article says that options sellers were caught in a gamma squeeze. Anyone here get pinned with naked calls? + +https://finance.yahoo.com/news/forced-buying-puts-floor-under-200649394.html + +(Bloomberg) -- In a week that saw discretionary buyers beat a quick retreat from risky assets, another set of traders stood up to halt a three-week plunge in t... + Looks like I have used up all my brain cells on this one and still can figure this shit out... + +So I have generally ICs are a combination of put spread and call spreads with objective that the price will be in a range, which uses a bit of margin... + +Scenario 1 Traditional IC: + +I make traditional IC with 1SD spread and I get 115 at expiry but the collateral ($ 250) is blocked until then. + +Scenario 2 Stupid IC: + +I make IC with calls and it costs me $140 upfront, though I profit only $110 ($5 less than traditional IC also lose $5 more if the planets don't align up) and still use the remaining $110 to lose on other shitty trades... + +So my question is why in the world would use traditional IC and not the Stupid IC is it just the $5 gap and not the opportunity cost of liquid money..?. + +Is it just me or do I need to apply for the Nobel prize in economics for this discovery? + +&#x200B; + +https://preview.redd.it/1b1yr00qws181.png?width=500&format=png&auto=webp&s=150e75f1a246a2b122406a72edfe9c878413af8e +Sold my first cash secured put for MSFT + +strike price 205 + +expiry 10/30 + +2.65 premium per share + +mostly just wanted to tell someone. Also, if yall could post some of your favorite sources for leaning more about this stuff it would be greatly appreciated +If this bill passes think about how that will change behaviour. You can sell your btc in bulk through exchanges and pay CGT, or you can spend your bitcoin at mcdonalds and walmart when you go shopping and pay zero tax. + +This is a pretty big deal. It will lead to a huge chunk of bitcoiners moving away from exchanges and just spending their btc whenever they need to. + +This would change behaviour immensely by financially incentivising people to move away from treating bitcoin as an investment on an exchnage to actually spending it as money. + +Big big deal for the US if this bill passes IMO. +My wife has a bit over €40k that she has blindly sitting in mutual funds since I’ve known her (over 15 years). It has not grown much. We just ignore it. + +During this same time, her sister actively controls the investments for the same sum she was given and has grown hers to around 90k. + +My wife admits that if she paid attention to how the money is invested, she could do better with it but says she simply doesn’t have the energy to learn about any of it. Therefore, she’s turning it all over to me to manage and grow. + +I have no clue about money, stock, or how to invest or grow money. I grew up poor and my education on money from my family was more than nonexistent, it was detrimental. + +Our financial status outside of the 40k: + +* I bring home €4150 a month after taxes. +* She brings home €700 a month after taxes. +* The only debt we have is the house we just bought a year ago. +* The house needs further non-urgent work in the future (new kitchen, bathrooms, etc.) that we’d like to save up for. +* We own our car outright and only pay insurance and gas. +* We have 3 kids 10 and under. +* We have about 4K in savings (recently down from 15k due to initial cost of moving in and renovating) +* We put about €1,200 a month into savings. +* We don’t otherwise budget or control what or how we spend but we live within our means and don’t go over. +* We live in Germany. + +I’m willing to put in the work to learn whatever I need to learn in order to make proper decisions but on my first googles, I’m a bit overwhelmed with the amount of information and options and want to try and narrow the scope a bit. I guess I’m looking for good advice so that I can have a better starting point with it all. + +I really don’t want to mess this up. I want to take a firmer grip on our financial situation. + +Any suggestions, tips, direction, or help would be very much appreciated. + +Edit: + +Thank you so much for the continued responses. I’m still working my way through them all, which will take some time, but I greatly appreciate your input and will continue to read everything. + +I do want to address one thing that’s come up repeatedly about my wife. + +My wife works her ass off for our family. Lazy is the last word anyone could ever use to describe her. I may “work” longer hours and bring home more money but she runs circles around me with the amount of stuff she does while I’m at work. She kicks ass. Anything I can do to ease her burden is a plus. If anything, I’m at fault for not taking a larger interest in our finances earlier. + +Her wanting me to drive a topic that she has no interest in or energy for is completely reasonable, I think. We’re a team. I’m just taking the lead on this topic, not being abandoned to make all of the decisions on my own. She’d still be involved, listen to everything I have a say on the topic and help and support making major decisions. She’s not leaving me alone to take the fall if I fail. She’s not ignoring it all. + +This is what teams are for, no? +I bought my first house in 2018 and to offset some of the mortgage costs I have kept a renter in an extra bedroom. At first, I could afford it with a roommate. Then that roommate moved out and I had trouble finding one to fill the spot. I also had to make some repairs that cost a good bit of money, and I had to buy a new water heater and my only option was to put it on a credit card at the time. + +I've since been able to get a roommate here and there and it helps but it seems like I'm always treading water financially. I was facing foreclosure before the pandemic and then my mortgage went into forebearance. I used as much of the stimulus to catch up on my mortgage and to pay on the credit card debt, and the cost of my college classes (I am going part time and paying out of pocket to avoid loans) but I'm still not doing great. My a/c busted and leaked water everywhere and wrecked my floors, so I had to go through insurance for that bc I literally couldn't afford to replace them any other way - so now my insurance has gone up and increased the total mortgage cost. + +The pandemic has just made things even more stressful bc even if I could afford to pay a realtor, the market isn't great. I'm just so overwhelmed. I'm doing the best I can to pay for everything and I am starting to realize I can't do this. I'm drowning and there are things in the house that are broken that I can't even afford to fix bc all of my money pays for my mortgage and school. And I could get a loan for school, but that is just another bill to add once it is time to pay up if I do. I've tried asking for a raise from my job, but they won't give me one until I finish school and have my Master's Degree. + +I'm just feeling very overwhelmed and my forebearance is nearing it's end and I feel like I've got no options left and I am going to lose this house. + +As far as finding a place to live, I can't go back to my parents since we are estranged, but I've got friends who are aware of my situation who are helping me with emotional support and have offered to let me stay with them if needed - so I know I'm not going to be homeless. + +I'm just wondering if anyone else has been through this situation. I'm not sure what to realistically expect. I've tried hard to keep this house and I'm finally at the end of my rope. + +Edit: + +Wow thank you all SO MUCH for these responses! I was so afraid of going into foreclosure but I'm glad to see that there are a lot of options. I've spoken with an agent (and calling around a few others) and they also said it is a good time to sell right now especially with the type of home I've got. It's a small 3 bed house that's perfect for a married couple or small family or for an investor to buy and rent (according to the realtor). I do have some things I need to fix up and repair on it, but I'm feeling a bit more hopeful. +A lot has been posted about the various GME tokenized stock offerings, but I noticed something that may (or may not) have been pointed out that I wanted to share. + +Here's is the historical FTX chart of "Tokenized GameStop" from [CoinMarketCap](https://coinmarketcap.com/currencies/gamestop-tokenized-stock-ftx/) which is still trading to this day despite FTX.com being down. + +&#x200B; + +[FTX](https://preview.redd.it/q3snoljpuu0a1.png?width=1888&format=png&auto=webp&s=05be3043b2332200cb2a68512ec6dafa26e1fe48) + +Here's Defichain's dGME (also still trading) as shown on [Finbold](https://finbold.com/cryptocurrency/gamestop-tokenized-stock-defichain/). + +&#x200B; + +[dGME](https://preview.redd.it/q7ol00kvuu0a1.png?width=1622&format=png&auto=webp&s=e8b9f28f592b22ea7151a170458ad62ec25b5155) + +Here's mirrored GameStop (mGME) on TerraLuna via [Nomics](https://nomics.com/assets/mgme-mirrored-gamestop): + +&#x200B; + +[Terraswap-mGME pair](https://preview.redd.it/ls0qinx81v0a1.png?width=2076&format=png&auto=webp&s=58be5fbe9c752039af9cf0ece68c37911b19ad41) + +&#x200B; + +Here's [Bittrex's](https://cryptorank.io/price/game-stop-stock-bittrex) GME TSO: + +&#x200B; + +[Bittrex](https://preview.redd.it/2ksxs3l7wu0a1.png?width=1978&format=png&auto=webp&s=6edd16c66515fe454effa38f3bedb96fc9e90049) + +As a side note, Bittrex claims all TSOs are actually backed by actual shares as I think has been pointed out (and as FTX similarly claimed on their site before being taken down). Here's a screenshot from their site's FAQ saying so. + +&#x200B; + +[Sure thing, boss.](https://preview.redd.it/4eibmlafwu0a1.png?width=1894&format=png&auto=webp&s=6636504d1be61e0b1818a3e9484bd9a88f5932c9) + +Some observations: + +Did you catch the interesting thing about the charts? + +. + +. + +. + +Hint: these are showing FULL/ALL historical data. + +. + +. + +. + +Look at the dates they started trading. They're all different *and* they're all significant! + +FTX: Jan 27, 2021--the day before the sneeze. + +Bittrex: Feb 2, 2021--two days after the sneeze. + +TerraLuna: Nov 30, 2021--six days after the November blowup. + +DefiChain: Mar 31, 2022--two days after the March hiccup. + +&#x200B; + +And there's one other noteworthy thing. Did you catch it? + +. + +. + +. + +Look at their exits. + +FTX: somehow still trading today but collapsed *5 days* after the stock split. + +DefiChain: also still trading, but also collapsed *5 days* after the stock split. + +TerraLuna: still trading as of 5 days ago when FTX news hit the public, but technically collapsed on May 13 after the Mar/Apr (2022) drawdown. + +Bittrex: also still trading as of 12 days ago just before the FTX news hit the public, but in Bittrex's case, the GME TSO collapsed following the stock split on July 18th only to shoot up again and collapse again in the period between Aug 2-15. It then did *another* small run from Aug 16 to Sep 7th which was the perfect inverse of GameStop during that period. + +Here's a closer look: + +[actual GME](https://preview.redd.it/spp5znt04v0a1.png?width=376&format=png&auto=webp&s=157c266dd3433e684be2be913fae2d679ffd58d5) + +Here's Bittrex's: + +&#x200B; + +[Bittrex](https://preview.redd.it/90s05f2g4v0a1.png?width=1982&format=png&auto=webp&s=912d072e51d9cc4624c97b629160b724ffe7bec1) + +&#x200B; + +In conclusion, a hypothesis: + +&#x200B; + +1. The various GME TSOs were initiated and used for a specific period of time that coincided with the need to offload bags into a different asset that could be passed off as "owning GME" rather than do it on the open market. +2. Something happened after the stock split that negated the need for TSO use in these particular tokens. +3. I also don't think these are the only 4 TSOs for GameStop that exist(ed). It's possible we are missing some that might coincide with other important runs that we've seen. (Or maybe these have been pointed out elsewhere, but I just missed them in my search of these famous ones). + +&#x200B; + +It's important to reiterate that, yes, anyone can create a swap pair or token. I'm not relying on knowing *who* did this to analyze the coincidence of their creation dates. Additionally, since anyone can trade these, I'm also not suggesting that these need to only be movements generated by bad actors. Clearly regular people are also buying/trading in some numbers as I think is demonstrated by many of their continued movements, but the big moves, particularly those where tokenized versions were often many times higher than the actual GME value, indicates suspicious behavior worthy of more investigation. +Pleasantly surprised to see that we didn't have to wait until March 31 for this. Lots of interesting information in here. Some good, some bad, some new, and some I don't understand: + +https://sec.report/Document/0001493152-21-006283/ + +Good + +• ⁠As of March 17 there are 1,749,302,040 shares outstanding. Same as the S-1 told us effective Feb 22 and a few more than Dec 31 which was attributed to the conversion of $170k in debt. So we are not actively being diluted +• ⁠If you go through their list of notes payable and convertible notes payable, a lot of them are valued at $0 as of Dec 31 so they have done a good job of paying off old debt. If you recall in one of my previous posts I was worried about Bellridge debt, that is also noted as a $0 balance +• ⁠Despite having quite a few properties under lease (and showing in their expense report) they note they are subleasing most of these (and recording them as other income) +• ⁠As of Feb 22 Shypdirect had 37 employees, as of today Shypdirect and Shyp FX have approximately 65 employees. I can't imagine they all came from DDTI so hopefully this is a sign they are continuing to add and expand (note they were at 127 between Shypdirect and PrimeEFS on Sept 30, 2020) as supported by their hiring adds on their website +• ⁠They intend to apply for uplist to OTCQB in April +• ⁠Their profit margin increased this year despite the reduction in revenue and the turbulence the year has brought: For the year ended December 31, 2020, our gross profit was $2,542,392, or 9.8% of revenues, as compared to $2,603,362, or 8.3% of revenues +• ⁠It looks like they have been successful in expanding Shypdirect beyond just Amazon; especially in Q4. They note: Through our subsidiary, Shypdirect LLC (“Shypdirect”), we also do a limited amount of last-mile delivery (our minivan or “last mile” business) for a different customer. Later in the report they note that year on year they had an increase in revenue from other customers of $441,658. On Sept 30 Amazon accounted for a combined 97.5% of their revenue which meant $587,584 was from other sources. By Dec 31 Amazon accounted for a combined 96.7% of revenue which meant $852,279 came from other sources. It also means they did $264,695 in Q4 which is about a 35% increase from the average of the three previous quarters. It's not much but it shows that they have been gaining success in generating revenue for Shypdirect outside of Amazon. Also this revenue is almost the same as what DDTI was doing. Further adding credence to the fact they have stepped it up in Q4, Amazon accounted for 85.6% of their Dec 31, 2020 A/R vs 93.6% in 2019 +• ⁠On February 21, 2021, we formed a wholly owned subsidiary, Shyp CX, Inc., under the laws of the State of New York (“Shyp CX”) + + +Bad + +• ⁠They were really hurting for cash at the end of December before the sales of Series E that went through: On December 22, 2020, the Company’s chief executive officer advanced the Company $30,000. The advance is non-interest bearing and payable on demand. On December 31, 2020, amount due to the chief executive officer amounted to $30,000 and has been included in due to related parties on the accompanying consolidated balance sheet. On January 29, 2021, the Company repaid this advance +• ⁠Shypdirect defaulted on lease payments on their box trucks (approx 20 of them based on comparing vehicle numbers). They have recorded a liability of $2,871,272 in relation to this as Ryder is demanding they pay for the trucks but they are in the process of returning the vehicles and are attempting to dispute this number: On March 2, 2021, Shypdirect received a demand letter from Ryder Truck Rental, Inc. (“Ryder”) related to a breach of the Truck Lease and Service Agreement between Shypdirect and Ryder, dated October 9, 2018. Pursuant to the letter, Ryder terminated the Truck Lease and Service Agreement for failure to pay invoices due. Pursuant to the letter, Ryder elected to require Shypdirect to purchase all of the terminated Vehicle(s) in accordance with the agreement for $2,871,272. In connection with this breach, as of December 31, 2020, the Company wrote off security deposits of $164,565 and has a recorded contingent liability of $2,871,272 which is related to the default on truck leases for non-payment of monthly lease payments and the lessor’s demand for payment of the trucks for an aggregate contingency loss of $3,035,837. The Company intends to dispute this demand and has been attempting to return all of the trucks to Ryder as Shypdirect is no longer using the trucks and accordingly, the trucks are not included as assets in the accompanying consolidated balance sheet +• ⁠The Bellridge legal battle is not over despite the dismissal we saw posted a few weeks ago. Rather than file an amended complaint in federal court, on February 19, 2021, Bellridge dismissed the federal case without prejudice. We anticipate that Bellridge will refile a substantially similar civil action in state supreme court in New York shortly. Furthermore they are claiming they are owed a ton more shares: In a filing with the federal court made on February 23, 2021, Bellridge as asserted that the value of the undelivered shares under the Exchange Agreement was $8,610,750 as of the date of execution of the Exchange Agreement . TLSS intends to fight this vigorously. +• ⁠Despite Q4 being the busy quarter for shipping, revenue from Shypdirect associated with Amazon was significantly down: For last five (5) reported fiscal quarters, those revenues have been as follows: quarter ended December 31, 2020 - $1,851,825, quarter ended September 30, 2020 - $2,400,597, quarter ended June 30, 2020 - $3,209,314, quarter ended March 31, 2020 - $3,565,858 and quarter ended December 31, 2019 - $3,435,317. +• ⁠They do not expect Amazon to extend the agreement with Shypdirect beyond May 14: We do not expect Amazon to renew the Program Agreement upon expiration which will have a material effect on the Company’s operation in the seconds quarter of 2021 and beyond. Further reiterated in their lawyer's assessment letter of their 10K: Additionally, the Company lost a contract with its primarily customer effective September 30, 2020, and management anticipates the non-renewal of another contract with that same customer in May 2021 + + +Questions + +• ⁠How many warrants did their placement agent receive in connection with selling Series E. In the S-1 they quote the placement agent received 457,142,857 warrants but in this 10K they note the agent has received 45,714,285 warrants. Details on the individual Series E sales lead me to believe the number in the 10K is correct and makes a lot more sense, otherwise they were getting 2084.36 per unit of Series E. This also means our potential dilution is quite a bit less than expected. The down side is the math in my Shares, Share Structure, and Dilution post is now all screwed up. + +The Gist + +• Overall good news. Cougar acquisition is truly happening. They are attempting a rapid expansion, and looking to be successful in doing so. I’d expect this stock to go up 50-100% these coming weeks at least. I'm still not done combing through the 10k, but it seems like the big pieces are all there for me to stay 100% on board as planned. Uplisting attempt #2 coming soon, buying all of Cougar with a shiny new, purpose-built subsidiary. Yet again gobsmacking amounts of reduced debt, and a much stronger income than I was braced for with no amazon. Wow, and that's without the two new acquisitions contributing to it. This combined with the last few good news breaks about lawsuit progress is all looking great for longs, OG and new alike. +Just thought would update anyone interested that after the exposure i got here that magically the need for bank and transaction and social media no longer were needed. hmm. Anyway while Im happy i got my money out i still advise pulling any funds off there. Part of the funds were donated +Okay, [the story](https://np.reddit.com/r/Bitcoin/comments/sxe145/bitcoin_saved_my_life/) is really tragic, so only read if you are emotionally prepared. OP was on a little road trip with his family and when he wanted to get gas his card didn't work. He called the bank and + +>they had froze my accounts due to "suspected fraudulent activity" and said there was nothing they could do for 24 hours + +Sure, that's how it works, this is a real story. You know, it's just like that totally not just Hollywood trope but real thing that police have to wait 24 hours to look for a missing person. Okay, so in this real situation OPs life was threatened - stranded, probably in the US - how could one survive for 24 hours? + +Well, fortunately OP found a solution: + +>I remembered I had some money in bitcoin. I was able to find a crypto atm (didn't even know those existed) within a quarter mile that I walked to. At this atm, I was able to sell some of my bitcoin and withdraw cash from the atm, which I was then able to use to buy gas to get home. + +Phew, he escaped death this time. Someone posted this story on this sub as well before, titling it "That’s why we need Crypto". And that's absolutely true! But just in case you ever get into such a life-threatening situation and don't have crypto, I have some advice for you: + +* don't die, ideally. There is nothing dangerous about the situation, worst case is you'll have to spend the night somewhere close-by and pay once your accounts get unfrozen (even though it's reeeeally unlikely that your accounts, plural, all get frozen and that your wife, who is accompanying you, seemingly doesn't have any) +* carry a bit of cash with you? I know, cash is not as obvious as crypto and many people don't know you can exchange it for goods, but it actually works quite well, with instant, free transactions + +**To sum up: don't make up incredibly stupid stories that try to show how useful crypto is, and then make up a situation that could much more easily be solved using cash. Yes, we all like crypto and hope it will have a lot of utility in the future, but we don't have to pretend it's more essential than it is in today's world.** +With more of us working from home it's worth remembering the government gives tax back for things you needed to buy for working from home up to £2,500 (can also claim back up to 4 years). This only applies where your employer hasn't paid / paid you back for it. Could include laptop, monitor, desk etc, could also include additional gas and electricity. + +https://www.gov.uk/guidance/claim-income-tax-relief-for-your-employment-expenses-p87 + +Edit: Also came across a MoneySavingExpert post on it which may contain useful information: + +https://blog.moneysavingexpert.com/2020/04/martin-lewis--working-from-home-due-to-coronavirus--claim-p6-wk-/ +As the title says, which popular or frequently shilled coins do you dislike? And why? + +We all have those projects that everyone loves but are asking ourselves why. I’m going to let you guys/girls have the fun and not name off any coins. But, there’s three types of coins that bug me. + +1. Coins that have market caps way above their use case, especially compared to comparable projects or projects that are ahead of them. + +2. Coins that already had their day and have officially showed people aren’t adopting them. Example coins that peaked in the last bull cycle and couldn’t even hit ATH in a new cycle. + +3. The “low cap” myth. Coins that appear to have low market caps based on circulating supply but will be hugely diluted, their fans talk about a hidden gem with low market caps overlooking that tokenomics alone will grow the market cap significantly without any appreciation sometimes even 10x more no longer making it a low market cap. +[https://medium.com/efficient-frontier/fiat-update-what-are-central-bankers-up-to-in-2020-58105f234a04?source=friends\_link&sk=12aab05b1b9a2a36d664ed96f9580e9e](https://medium.com/efficient-frontier/fiat-update-what-are-central-bankers-up-to-in-2020-58105f234a04?source=friends_link&sk=12aab05b1b9a2a36d664ed96f9580e9e) +**TL;DR - A columnist had to remind his affluent readers multiple times that they are affluent because they complain a lot about not having enough money. Also, his articles are interesting for the data. Finally, IMHO Americans are ignorant about personal finance, we should help change this.** + +Justin Fox at Bloomberg view wrote a series of articles reminding his readers that households making six figures are indeed affluent. He first mentioned in an article that [the mortgage home deduction mostly benefits the affluent](http://www.bloomberg.com/view/articles/2016-06-01/curbing-our-enthusiasm-over-rising-home-prices). A bunch of people wrote in arguing that low six figures in NY or SF isn't affluent, or college is expensive, or he is a socialist, or whatever. He came back with articles titled [Yes, a Six-Figure Income Means You're Affluent](http://www.bloomberg.com/view/articles/2016-06-03/yes-a-six-figure-income-means-you-re-affluent) and [How to Get That Affluent Feeling](http://www.bloomberg.com/view/articles/2016-06-08/defining-a-minimum-standard-for-affluence). + +As I've written before, I think American culture is out of balance. Financial ignorance is widespread, and many, if not most households simply do not save enough. There is ample evidence of this - [47% of households couldn't cover a $400 emergency](https://www.washingtonpost.com/news/wonk/wp/2016/05/25/the-shocking-number-of-americans-who-cant-cover-a-400-expense/), [our savings rate is less than 5%](https://www.nerdwallet.com/blog/banking/american-personal-saving-rate/), [nearly half of households have no retirement savings](http://www.businessinsider.com/how-much-average-family-saved-for-retirement-2016-3), and [journalists are writing blockbuster articles about being financially impotent](http://www.theatlantic.com/magazine/archive/2016/05/my-secret-shame/476415/) (without proposing any solution!). So by reminding lots of people how affluent they are, Justin Fox is kind of my hero right now! + +A common topic of discussion on this board is whether to discuss FI with others. My personal feeling is those who are knowledgable about personal finance in general should be talking about it with others. FIRE is grad-school personal finance, but most people haven't even graduated from high school. + +Lightly edited. +We're collecting current GME posts here until this topic cools down. +Posting Date: Feb 1 2021 12:45 PM Eastern Time. + +We may renew this post with a new one every day or two. + A day by day process for the moderators. + +--- + +**GME thread archive** +•&nbsp;[ March 01-05 2021](https://www.reddit.com/r/options/comments/lv9799/gme_megathread_week_of_march_1_2021/) +•&nbsp;[Feb 25-28 2021](https://www.reddit.com/r/options/comments/lrpthe/gme_megathread/) +•&nbsp;[Weeks starting Feb 8 and Feb 15, ending Feb 21] +(https://www.reddit.com/r/options/comments/lfc12f/gme_thread_week_of_feb_8_2021/) + •&nbsp;[Friday - Sunday, Feb 05-07 2021](https://www.reddit.com/r/options/comments/lcycvf/gme_not_quite_mega_thread_feb_5_2021/) + •&nbsp;[Thursday, Feb 04 2021](https://www.reddit.com/r/options/comments/lc7dpd/gme_megathread_feb_04_2021/) + •&nbsp;[Wednesday, Feb 03 2021](https://www.reddit.com/r/options/comments/lbejyt/gme_megathread_feb_03_2021/) + •&nbsp;[Tuesday, Feb 02 2021](https://www.reddit.com/r/options/comments/laofpr/gme_megathread_feb_02_2021/) +•&nbsp;[Monday, Feb 01 2021](https://www.reddit.com/r/options/comments/la946z/gme_megathread_started_feb_01_2021) +•&nbsp;[Friday, Jan 29 2021](https://www.reddit.com/r/options/comments/l7tdea/welcome_gmerobinhoodcitadel_megathread_in_here/) + +--- +Follow up to the DD I posted when $CBBT was trading at $0.011. + +For the record I am invested in this, with a cost avg of $0.008. + +Long post, TL;DR at the bottom + +$CBBT has already been a game changer for a lot of peoples portfolios and I think it still has a lot of room to grow. Here's why: + +- CBBT is about to acquire PKG manufacturing, A privately owned company with an estimated 2020 revenue of 14.9mm during the pandemic, down from an estimated $30mm in 2019. + +https://www.dnb.com/business-directory/company-profiles.pkg_inc.d156b80f100a783756cde91e55815d5c.html + +This acquisition has been confirmed by both companies. + +https://twitter.com/PKG_UIS/status/1315845090556801026?s=19 + +https://twitter.com/CerebainBiotech/status/1355915206824775680?s=19 + +https://www.linkedin.com/posts/pkg-user-interface-solutions_cerebain-biotech-on-twitter-activity-6761851877358403584-beMj + +https://www.businesswire.com/news/home/20200903005085/en/PKG-Inc.%E2%80%99s-CEO-Excited-With-the-Potential-Acquisition-by-Cerebain-Biotech + + + +-PKG Inc has been in business since 1989 and is the key manufacturer of the only FDA approved ClearMask, the revenues tied to this could be anywhere in the $20mm to $40 mm range for 2020, and in the $40mm to 100mm range in 2021. + +https://twitter.com/theclearmask?s=09 + +https://www.businesswire.com/news/home/20201125005429/en/Cerebain-Biotech-Announces-PKG-Inc.-to-Become-Key-Manufacturer-for-ClearMask%E2%84%A2-and-Xometry + +- Cerebain Biotech is looking to get FDA approval in 2021 for their Omentum implantable (patent pending) ALZHEIMER'S treatment device. A revolutionary , minimally invasive*, day surgery that is the first of its kind. + +https://cerebain.com/technology/ + + + To battle a disease that affects over 5,200,000 families worldwide, costing an estimated $305bn in 2020 for the U.S alone. + +https://www.alz.org/alzheimers-dementia/facts-figures#:~:text=conditions%20to%20society.-,In%202020%2C%20Alzheimer's%20and%20other%20dementias%20will%20cost%20the%20nation,trillion%20(in%202020%20dollars). + +https://cerebain.com/disease/ + +"Unless a treatment to slow, stop or prevent the disease is developed, in 2050, Alzheimer's is projected to cost more than $1.1 trillion (in 2020 dollars). This dramatic rise includes more than four-fold increases both in government spending under Medicare and Medicaid and in out-of-pocket spending." + +$1.1 Trillion! + +As many already know, and others will soon find out, Alzheimer's treatments are becoming a focal point of the medical field and governmental bodies. Most recently, Joe Biden has stated publicly in one of his speeches that he will increase government spending in this field. + +In a letter to shareholders by $CBBT CEO Eric Clemmons, he stated that they will update the companies financials and become current immediately following the acquisition of PKG INC in order for reflect their current revenues. This would be a huge catalyst as users of Fidelity and institutional ownership will have access to the stock. + +https://twitter.com/CerebainBiotech/status/1348671894615191554?s=19 + +They also have plans to uplist to a major exchange, NYSE, NASDAQ in 2021. + +On January 27th, 2021 EMA Financial LLC filed a SEC 13G/A to increase share ownership of Cerebain Biotech to 70,920,235 of common stock, or 9.9% class of securities. Translation: Institutional investment. + +https://sec.report/Document/0001213900-21-004597/ + +CBBT and PKG has also stated that they are actively pursuing additional acquisitions and that there will be more transactions announced "right after" the acquisition of PKG INC. + +A good overview of this email can be found here: + +https://twitter.com/5555academy/status/1346672835268231169?s=19 + +Other companies with Alzheimer's treatments have seen a huge increase in market cap and stock price upon FDA approval. Look to + +$SAVA- Casava Sciences Inc who's shares jumped from a low of $1.11 on OCT 5th 2020 to a high of $138.50 on January 31st 2020 (+12,400%) upon FDA approval, which the data shows wasn't all too promising. + +Edit***: Cassava Sciences soared last week after the company reported positive results from a clinical trial with mild to moderately affected Alzheimer's disease patients.2 days ago not FDA approval + +$BIIB- Biogen INC who's market cap increased by $15bn $15bn upon FDA announcement, with controversial treatment. + +$CBBT's device is thought to look much more promising than either of the aforementioned. + + +Many have wondered as to how PKG, a private company with real revenues, could be acquired by a micro cap biotech company in CBBT. It has been speculated that PKG has wants to go public and instead of an IPO, is doing so under the $CBBT umbrella. As to why they would be doing this, again out of speculation, PKG has seen CBBT's omentum Alzheimer's device, thinks it will be massive and is going to manufacture it. They have wanted to get into the medical field as well. Along with PKG's government & aerospace, medical, industrial and fortune 500 contracts along with the omentum Alzheimer's device, Cerebain Biotech looking to become a powerhouse in the field. + +One of the things I love about $CBBT and one that I believe will draw the eye of many investors is that, no matter what your investing strategy or niche is, CBBT has it covered. They fall under all categories including, Acquisition, SPAC, Biotech, financials, revenues, Updating financials, Uplisting, FDA approval and fundementals. + +I understand the people who are going to say it's already up 4000% since October and therefore doesn't have much room to grow. To those people, I would encourage you to read the entirety of this DD, check the resources, do your research and come to your own conclusion. In my opinion, this company has so much potential and the run has barely started. + +As of this post $CBBT is trading at $0.35, up 52% on the day. + +I am not a financial advisor and this is not financial advice. Always do your own DD and invest with caution. + +Thanks for reading. + +TL;DR: $CBBT has been in fire but through multiple catalysts expected a major acquisition and promising medical applications, this still has a ton of room to grow. + +P.S. Don't say I didn't warn you before the run up, as I have been posting about $CBBT since October. + +Edit: 5,000,000 of U.S 50,000,000 affected by Alzheimer's worldwide + +https://www.brightfocus.org/alzheimers/article/alzheimers-disease-facts-figures + +Edit: Forgot to mention PKG manufacturing agreement with Xometry, who has some serious revs and contract with big companies, is expected to net $100mm in revenue for PKG. + +https://www.xometry.com/?utm_term=xometry&utm_campaign=PB:G%7CNT:SN%7CAN:Manufacturing%7CCN:Branded&utm_source=adwords&utm_medium=ppc&hsa_acc=3789459769&hsa_cam=608070446&hsa_grp=67613041575&hsa_ad=425504589745&hsa_src=g&hsa_tgt=kwd-297018084385&hsa_kw=xometry&hsa_mt=e&hsa_net=adwords&hsa_ver=3&gclid=Cj0KCQiA34OBBhCcARIsAG32uvO71GmNaC_eag-8Soh2M_GjvjRoh21YEk3SLGhNr8YnEnrJmKzyaW8aAqMdEALw_wcB + + +They also have an agreement with: + +Megaforce Company Limited: professional plastic components and opto-mechatronics service provider that specializes in the integration of precise plastic injection molding, micro-precision structure mold development, electronic assembly, spray printing, etc., from the front-end process to the back-end process.  + +https://www.megaforce.com.tw/en-global/Home/Index + +Megaforce and PKG sign memorandum of understanding for strategic cooperation and user interface product development + +https://www.megaforce.com.tw/en-global/News/Article?y=2019&sn_id=15 + +Also: + +"PKG INC enters into an agreement with Adventus Ventures to finalize the development and manufacturing of the next-generation products for Allevion Therapeutics and Pressao Medical" + +https://www.pkguis.com/news-content/2020/9/30/pkg-registers-with-fda-and-announces-manufacturing-compliance-certification-from-tv-sd-wglmd + +More confirmation of Acquisition: + +https://www.businesswire.com/news/home/20201112005773/en/Cerebain-Biotech-Announces-General-Business-Update#.X62WgFKERZ0.twitter + +Edit 2: CBBT Eric Clemmons has had success in previous endeavors: From Cerebain Biotech website. + +"Eric Clemons, President and CEO +e-mail: clemons@cerebain.com + +Mr. Clemons has a long history building and growing companies across multiple industries. Prior to assuming leadership of Cerebain, he served as President and Chief Operating Officer for GTC Telecom Corp, a publicly traded Nevada Corporation that operated out of Costa Mesa, CA. During his tenure, Mr. Clemons was instrumental in growing the company’s annual revenues from $500,000 per year to over $17 million per year. + +It was Cerebain technology, which offers a completely new way of approaching the development of an effective Alzheimer’s disease treatment that captured Mr. Clemons’ imagination, triggering his move into the life sciences arena. + +“While there have been some very recent key learnings in the Alzheimer’s treatment space, the fact is that the disease remains the only top ten killer in the United States with no effective treatments currently available and no way to halt or slow progression,” Clemons said. “We are hopeful that our device, which will focus on the impact of omental stimulation and cognitive function in Alzheimer’s Disease patients, can change that.” + +Edit#1: Made a mistake on $SAVA that was pointed out. + +Edit#2: to add: (Thanks to u/Comfortable-Ad4022 ) + +Brad Vroom is invested in cbbt as well + +https://fintel.io/so/us/cbbt/vroom-brad + +Brad Vroom is a former Apple executive who held senior finance management positions in Operations, Sales, Marketing, R&D, IT, and Facilities from 1983-2013. + +Edit#3*: Changed non invasive to minimally invasive day surgery + +Edit#4: CBBT CEO Eric Clemmons visits PKG headquarters. Pictured here with PKG CEO Almir Garibovic and shared by both companies. + +https://twitter.com/CerebainBiotech/status/1362521423667863552?s=19 + +Edit#5: Cerebain Biotech and Mossakowski Medical Research Centre Sign Memorandum of Understanding (From 2016) Device could be closer than anticipated since they've been working on it for 5 years. + +Link: + +https://www.bloomberg.com/press-releases/2016-06-23/cerebain-biotech-and-mossakowski-medical-research-centre-sign-memorandum-of-understanding +https://m.facebook.com/PKGUIS/posts/4173403606006115 +I have noticed whenever there is a thread about what to do with x amount of cash. The top replies are always just buy SPY/VOO/VTI. + +Those that invest in individual stocks were there any that had a great year but flew under the radar on stock subs? +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). +I'm not sure how many of you are familiar with Ross Ulbricht's story, but he is the creator of Silk Road, a dark-net marketplace he operated between 2011-2013 that facilitated buying and selling of goods (mostly drugs and fake IDs) for Bitcoin. Ross never handled these goods, only connected buyers and sellers, charging a 10% commission on the sale. + +Of course, he ended up being discovered and was charged with a number of crimes including money laundering (duh), conspiracy to commit computer hacking, and conspiracy to traffic narcotics. The 29 year old libertarian was also accused of five murder-for-hires, all of which were either not brought forth by prosecutors due to lack of evidence or later dismissed by a jury. Despite this, the judge still apparently heavily relied on the accusations in sentencing Ulbricht. For his crime of coding an anonymous online marketplace that was used for hosting illegal goods, Ulbricht was charged not with one, but two life-sentences plus forty years with no possibility of parole. For comparison, El Chapo was sentenced to one life sentence plus thirty years for his crimes. + +He appealed the sentence, but the decision was ultimately upheld. His family, as well as hundreds of lawyers, legal experts, and legislators have been lobbying for his release/resentencing ever since, arguing the sentence was grossly excessive to the point of being cruel and unusual. + +Although tens of thousands of his 144,336 Bitcoin stash was seized and sold at auction after his arrest, if even a fraction still remains under his control, he's likely worth billions today. + +If you agree that his sentencing was excessive and should be reconsidered, sign the petition below to grant him clemency. It's less than 50,000 signatures shy of it's 500,000 signature goal. + +[https://chng.it/2CNjBNxvdG](https://chng.it/2CNjBNxvdG) +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. +My girlfriend has a number of student loans (some federal, some private). She has always had a 750+ credit score and checked it this morning only to find she now has a "poor" score. She dug in and found out that one of her student loans is delinquent for non-payment. After investigating she found that the loan had been sold....but she has no record of this happening and thus didn't realize that her autopay was not working anymore. + +Does she have any recourse in this situation? She can pay the entire delinquent balance right now....what can she do to make sure the provider works with the agencies to get this delinquency expunged? + +Thanks so much in advance for any advice!! +So I am a recovering autist. I had lost 30K with y'all two years ago. + +I thought I had recovered...but no...I guess we are just born with it. So I thought I'd get back at it. + +ANYWHORE....My first trade was spy puts expiring on this lovely day. Fuck me, fuck you, fuck china and fuck me again. + +Thanks +I ran across this article in another sub: [To retire at 65, millennials will need to save nearly half of their paycheck](https://www.cnbc.com/2019/10/23/millennials-need-to-save-an-huge-percent-of-paycheck-to-retire-at-65.html?fbclid=IwAR1gG7FkKNmBkhCBTuXj5jovBkNTjeLDbMafGiOWyHmQM4QsExpgFQc0pEI) + +>If you want to live off even half of your final salary in retirement, you need to save 40% of your income over the next 30 years, she says. + +At a 40% SR, MMM's estimate is 22 years for FIRE. 30 years is certainly an increase that could represent lower return rates, but the article headline seems unnecessarily alarmist. Saving for 30 years to retire at 65 represents starting at age 35, which (and I think speak for more than just myself) should be considered a late start. Of course, their analysis also includes Social Security. + +>“Most people are not told by financial advisors that their future returns will likely be much lower than in the past, and their future taxes will likely be much higher,” Mitchell tells CNBC + +And what is the basis for this? I certainly do expect taxes to go up (we are at historical lows, if I'm not mistaken), but what is the basis for lower returns? + +>The most important thing is to invest in your health + +I do agree with this, but my intent to stay healthy isn't so that I can work longer. + +>Mitchell says she prefers deferred annuities because they are one of the few products available that take some of the uncertainty out of the equation and provide some protection to those who are living longer. + +Aren't *deferred* annuities one of the ones to avoid? I thought SPIA were the only ones worth a look. +Just saying: + + +Wire fraud is a felony offense wherein the accused voluntarily and intentionally devised or participated in a scheme or artifice to defraud another individual or entity of his money or property using wire, radio, or television communication in interstate commerce and foreign commerce. + + + +Come to think of it, shitadel has been doing this for many years by using dark pool routing and naked short selling to suppress stock price. Why can't the justice department take this on? +So I got sent $1200 to my paypal, and go to withdraw it to my bank account just like I've done for literally dozens of other transactions... low and behold, they've locked my account. Not only that, but the only way they'll unlock it if I upload two different forms of ID, with only a few being acceptable to them. I uploaded my birth certificate (which I think is an invasion of privacy, but whatever) and other documentation, but they rejected the other forms. Since the only other 3 documents accepted by them are impossible for me to aquire as a digitial nomad, after a week of back and forth and getting nowhere, I went onto the darknet and bought a fake electricity bill with bitcoins, and finally got the restrictions lifted. If it wasn't for BTC I would have been literally robbed of $1,200, and there wouldn't be a goddamn thing I could do about it. + +In the future, I will definitely be avoiding paypal and using BTC whenever possible. +I am seeing many people getting excited about the coming Segwit2x "fork", thinking they will be getting a new batch of B2X coins, similar to what happened with BCH. To be clear, in November, when the miners begin mining larger blocks, there is no replay protection, and your existing bitcoins will effectively be co-opted to become part of the B2X chain. There has been little to no testing on what that means for everyone who does NOT want to adopt BTC1 based code. They have not done any testing because Garzik, Silbert et al are expecting the original bitcoin chain to simply be eliminated. If this does not alarm you, then it should. +Stop wasting time trying to figuere out what's driving the market and whats priced in. + +You can't possibly know. You don't have the infromation required, and even if you did you wouldn't know how to intergrate it. + +Go make yourself useful and focus on things you can actualy predict with some real validity. +In the dot com bubble and in 2008 several companies went under. Dot Com bubble you had many e commerce stocks like [Pets.com](https://Pets.com) go bankrupt with Amazon being one that survived. In 2008 you had Lehman Brothers. + +What companies do you think will be going under in the current bear market or crash. I would say several SPACs seem likely. There were many no revenue companies that claimed they would start making Billions in revenue by 2023. And it is now looking like a totally different economic climate for next year right now. +As the title says imagine you had 10000$ for emergency in a savings account. What reason will you give yourself to not get tempted by the discounted price of the market and stay put and invest only what you have extra or would you rather take a leap of faith and invest it. +I saw this stock discussed in another post and saw that it has over 11% dividend. Over the last 5 years it's had ups and down and relatively stays around the same. To the guys that have faith in this stock: are you investing in this just for dividends, or do you believe it has growth potential as well? I was thinking of buying ten shares and letting it drip, just looking to bounce this off of some like minded people to get some opinions. Thanks. + +Also I'm not trying to have someone else do due diligence since that's against the rules, I'm just asking those who own this if they believe it has growth potential or has constantly been a roller coaster. +I am currently 20 years old with about $3000 invested, with another $1500 transfering. I mainly use robinhood as I started with it two years ago and I honestly like the UI and design cause I do all my research and analysis off app. + +I have just recently sold off a lot and completely restructured after starting to take my investing seriously, like within the last month so a lot is still working but I am currently set to be making about $95 a year in dividends and I would like to get that up to $1200 a year by the end of next year. + +I am right now playing rather safe with 64% of my holdings in ETFs and the other 36% in stocks which I will break down below. I've chosen to take a more passive approach as I like the passive income that it brings and I'm not looking for the next 2x stock or the next Tesla, though I will say that if you have any stock suggestions I would love for you to put them in the comments and I will definitely do research on the companies! + +So my current portfolio consists of this: + +ETFs: | $VOO 1.22% | $VTI 13% | $VXUS 9.96% | $VEU 9.66% | $SCHD 2.14% | $SPHD 27.51% | + +Stocks: | $O 8.16% | $AAPL 8.86% | $KO 14.36% | $JNJ 5.11%| + +I am also currently looking at $XOM, $EPD, $BYND, $BLK, $NNDM to expand into, some for diversification into different fields and some for the growth factor. + +Let me know what you think, any resources you would recommend I read, any stocks i look into, etc. and thank you for looking! + +Hope you all have a great time investing and I look forward to seeing your comments!! +Hi folks. I have what I think is the flu so I called out from work today. I've been posting threads recently so I offer my apologies if I talk too much... + +I'm curious to know how much in dividends you folks receive every year. Schwab lists my expected dividends in 2021 to be $545, which I will drip in a taxable account. That's 545 more dollars than I had and since I invest largely in REITs I've already had around 10% equity return this year thanks to the covid rebound. + +Whether it's a few bucks a year or 60 grand in dividends/distributions, I want to know! +Does DRIP work on monthly dividend stocks? If it does, would it be the best compounding machine as every month you automatically buy shares and the next month you will have more divs than the previous month? +I don’t know enough about the Telecom sector or $T’s financials to make a confident decision. +With a dividend of 7% and a P/E ratio of only 5-6, surely this company is an insane value play right? So why the constant selling? What am I missing. +I’d love to buy in but, not if there’s some broader issue I’m unaware of. +So far I should make around $5 in November. Been slowly putting in bi-weekly into these 4 holdings. I have other dividend stocks and etfs but I’m kinda excited about these. Genuine thoughts on these four and if you would put money into them. Thanks in advance everyone +Hi folks. I have what I think is the flu so I called out from work today. I've been posting threads recently so I offer my apologies if I talk too much... + +I'm curious to know how much in dividends you folks receive every year. Schwab lists my expected dividends in 2021 to be $545, which I will drip in a taxable account. That's 545 more dollars than I had and since I invest largely in REITs I've already had around 10% equity return this year thanks to the covid rebound. + +Whether it's a few bucks a year or 60 grand in dividends/distributions, I want to know! +What is the downside to focusing primarily on high dividend stocks with little capital growth potential vs low dividend high growth stocks? + +My strategy right now is to increase my dividend income now. Not 10-20 years from now and so am focusing on high dividend stocks in stable companies. +I’m using M1 to build what I’m calling a “Growth + income” pie. 34, married, trying to “retire” in 10 years - that is, at least have 1.2M in assets generating passive income. + +I think I made the classic mistake of yield chasing. I’d love to get some feedback on some of the exotic dividend funds I chose as well as the overall makeup. + +I see SCHD recommended often here, so I plan to add that at 5 or 10% when I rebalance at the end of quarter. I want to hold this portfolio until end of quarter to see what the yields are. + +I just started this portfolio last week and it’s already dropped 1% in value, but I realize I bought in at a bad time, I also want to see end of quarter performance. + +Anyway, again, M1 pie of: +10% Domestic Growth +10% Global Growth +10% Domestic Value +10% Global Value +5% Domestic dividend +5% Global Dividend +5% OPP +5% JQC +5% RYLD +5% GGT +5% ECF +5% REML +(hedge fund emulators below) +5% Coatue mgmt +5% Tiger global mgmt +5% Green Light Capital +5% Icahn Capital + +As you can see, I’m trying to create balanced but aggressive strategy. + +I assume some of these buckets overlap, but I can’t quite tell how much. + +How would you rebalance this Oct 1? +Nintendo: +Marketcap: 52billion +Current div: 2,28% (6,53€) +Share price: 460€ +Ytd: 30%+ + +Cd project red: +Marketcap 8billion +Current div:0,28% (0,24€) +Share price:81€ +Ytd: 32%+ + +Ubisoft: +Marketcap: 9,5billion +Current div:--- +Share price:78€ +Ytd: 42%+ + +Blizzard: +Marketcap: 50 billion +Current div: 0,54% +Share price: 64€ +Ytd:30%+ + + + +I think Nintendo is set up extremely nicely with the switch / their own games and there well established brand + +Cd project has one of the biggest game releases in the last decade lined up, and contains to stomp out great games(but has a lower div and maybe a bit more hype) + +To be honest i personally dont like ubisoft that much... + +Blizzard has some good games in there repertoire and is well established in the community + + + + +My picks current picks would be*: +Nintendo 50% +Cd project 20% +Blizzard 30% + + +*Of course only of the designated part of my overall portfolio ^^ + +[View Poll](https://www.reddit.com/poll/k1gh42) +Six years ago I was fitted with an artificial heart. The damage that was already done by my weak heart was compounded by the damage the surgery and subsequent strokes the artificial heart gave me. One year later I received a heart transplant. I live in the US. + +Unfortunately, I’m not able to return to work, but I’m alive and able to watch my kids grow up and begin their lives, so I’m not complaining. I’m on full S. S. disability and I’ve had to cash in every form of my retirement just to pay medical bills... and I’m still in debt for about $7k. This is because maintaining a heart transplant requires expensive meds and expensive tests. This goes on for the rest of my life. + +I’ve worked full time for 35 years and paid into the system that whole time. I have health insurance through my wife’s employer. She’s also had to cash out her retirement to help pay my medical bills. What happens to people like me and my wife who have no retirement funds or savings when we become too old to look after ourselves? +For just $5million you can completely disable Cardano for a whole month. Imagine shorting the coin then doing this; you'd make a fortune. + +Here's how I did my calculations: + +1. Cardano runs a 6.55tps +2. Cardano transactions cost 0.17 ADA currently $0.29 + +6.55tps x $0.29 = $1.90 per second + +x60 = $113 per minute + +x60 = $6.8k per hour + +x24 = $164k per day. + +Cardano does not have a fee market so transactions go into a big queue, first in first out. So if you spam a lot of transactions onto the network the queue will quickly start to build, there is no mechnism for honest transactions to skip the queue or for high value transactions to be prioritised over the spam. Seems like a security nightmare to me. +Ok, so many of you probably saw that we set a new record low on volume traded today. And I wanted to point out a few reasons why this is so fucking bullish I’m loosing my shit right now. + +1. DTCC issued the splividend as a traditional split (everyone knows this) if they issued it as a traditional split this means that there are 4x shares floating around as before the split. Volume should not only be 4x the previous volume but it should have added an extreme amount of liquidity to the market. + +2. Hundreds of millions if not billions of shares are floating around the market. And only 3 million are traded?!? Do you realizes how illiquid this stock is?? Everyone that has skin in this game and isn’t long GME is quietly loosing their shit. + +MSM will slowly be proven wrong about this whole saga and GME investors will laugh at their downfall. + +Everyone short GME, FUCK YOU. PAY ME. +Just in case today's market silliness turns into a full blown correction, a reminder to all us FI'ers out there, don't sell when you see you investments losing value. You can't time the market and this is what we plan for in the good times! If you planned well during this good times, it'll all work itself out! +Most people believe that large cap coins like BTC and ETH cannot give you those coveted 10x to 100x gains anymore. + +If you think so, then here's what you need to know. + +The entire crypto marketcap is just about $3 trillion right now. + +A 10x from here would put the global crypto marketcap at over $30 trillion which we both know is highly feasible. I'm confident this will happen within the next 5 years. + +Also, most of this new money will flow into the large and medium caps as people learn to mostly invest in the relatively secure assets or take profit from the shitcoins and low cap coins investment and dump it in large caps. + +If $50 trillion enters the crypto market in the next 10 to 20 years even BTC will give you at least 10x to 15x. + +The point is, further gains on the current large cap coins is only limited by the inflow of new money into the crypto economy and we know that the show hasn't even started yet. + + +EDIT: + +To all the doubters, the world's silver, gold, top stock exchanges, cryptocurrencies, etc is about $2.7 quadrillion ($2,700,000,000,000,000). And this is growing everyday as governments keep printing. + +So yes, I think $30 trillion global crypto market cap is an easy target in the next 5 to 10 years. + +Source: https://money.howstuffworks.com/how-much-money-is-in-the-world.htm +Hi, + +&#x200B; + +I do not own any TESLA stock mostly because I did not get in the "right" time, as if there is a right time. + +Anyways, even after getting in the SP500 I fail to recognize the merit for the current valuation. I'm open to be educated, so please change my mind. + +Having said that, I believe the stock is due for a correction, ˜10% at least. + +I'm so **tempted to buy a PUT contract for Sep 2022 @ $730.** + +1. Who's with me and why? +2. Who's not and why? + +Cheers! + I just discovered the "Poor man's covered call". I understand the basics. You buy an ITM leap, and sell OTM weeklies/monthlies to recoup your premium. My question is, if your weekly gets exercised while you're well over the ITM strike price of your leap, you still make the difference in option premium in profit on top of all collected premiums correct? Also, assuming you've recouped your LEAP premium by the time the stock tanks, you'll have no remaining risk correct? As MEME stocks find new price floors and greater resistance from MMs, I just feel like PLTR or GME would be ripe for this sort of play. +DO NOT MAKE THIS MISTAKE + +Anyone make the mistake of buying an apartment rather than a house. I made the mistake and I’m warning others not to do the same. + +Bought my first home ( apartment ) in 2017. I didn’t really think too much on strata fees but strata fees play a huge role in eating away your income long term. + +I had the option of buying a house for $500k but instead I went with a new apartment for 390k because I thought it would be cheaper. + +I’m basically paying about $3000 in strata fees a year. To date I have paid 15k in strata fees over 5 years. Bear in mind I have also had to pay land rates annually which are $1500 and I pay communal water and electricity. ( I also pay my own electricity and water lol ) Ridiculous... + +This is money that is basically thrown out the window. I really wish I would of purchased a house instead. + +I have had my apartment valued at 340k. Originally purchased at 390k. + +Currently owe 280k with a 50k withdraw facility attached to it. + +Do you think I should bite the bullet and sell it for a loss and purchase a house or continue to pay it down and with enough money saved up buy a house and rent the my apartment out? I could claim strata as tax deductible if I a renting it out. + +I am in a really sticky situation. I just can’t justify throwing $3000 away a year anymore. + +Thanks heaps guys! +I have to give this honor to chain link. It was thriving prior to the may crash. But since it’s been a hopeless waiting game. While everything was pumping, recovering and making new ATHs the number 1 oracle for all its amazing use cases and importance in the space it’s done nothing but bleed month after month. + +Fundamentals are not the only reason a coin can be relied on. Good marketing and use case for the users is vital. Chain link can’t even be staked right now. This makes it an even harder hold. + +What are some of your coins that have floundered in the wind since the recovery after the may crash? +I recently started getting into trading and I want to set up for the long term. I figured now would be a good time to get good stocks at a steep discount. Any good ideas for the long run my budget is 1k to 2k? +Maybe it's just because FIRE is incredibly simplistic (not easy) to execute....but it seems like there have not been any new discussions on this board for weeks, if not months. Just the same 15-20 topics re-spun a 100 different ways. I've always liked this reddit, but F it is starting to get boring.... +Joined company in May, my expected compensation package included 33% retention bonus paid out in Nov for all eligible employees that started on or before May that year. + +In June the the retention bonus policy was updated to pay out half ,or 16%, twice a year in May and Nov. The cut off for the Nov payout schedule is now updated to 1 day before I started. + +Because of the policy update I did not receive the 33% this year I expected and I also missed the cut off by 1 day I did not receive the retention bonus of 16% this year despite working 6 months. I was also not informed of this change since the email only went out to eligible employees which I was no longer one after the policy updated. On top of that the next retention bonus pay out in May 2023 will not be prorated to my start date despite my offer letter saying "Your first bonus may be prorated to your start date" + +HR simply stated contract says bonus payout policy is subject to changed at anytime. + +Is this wage theft? Washington State. + +EDIT: A lot of people asked me what exactly my employment letter says so I'll just quote it here. + +> You will also be eligible to receive an annual retention RSU grant. Retention grants will be awarded in +November of each year to equity-eligible employees. To be eligible, you must be in an eligible role and in good standing and meeting performance expectations. Retention grants will be set to 33% of the grant a new hire into your role would receive at the time of the grant. The new hire target for your role is currently $xxx,xxx.xx. If this new hire target remains the same, your retention target would be $xx,xxx.xx. Your first retention grant may be prorated, based on your actual start date. On the one-year anniversary of the retention grant RSUs’ vesting commencement date, 25% of the RSUs will vest, subject to your continued employment through such anniversary. The remaining retention grant RSUs will vest in 12 equal amounts on a quarterly basis over the three years following such anniversary. +I am not really sure where to start but I’ve been losing sleep at night because I feel like I’m going no where and making nothing. + +I am 25 and work in public education for a school system. I am part of the IT department and have since I was 18. + +When I graduated high school I applied for a job with my local school system and got the job. I started at 32k a year with full benefits and a pension plan which seemed awesome at the time. Well now at 7 years later I’m making 36k and feel no closer to getting where I want. I am still a tech 1. My county doesn’t promote techs unfortunately. + +I live in a very rural town in the south which I love. I’ve been here since I was born and I don’t want to leave but I feel like I’m going no where at the same time. + +Honestly I get a little mad when I see posts of “I increased my salary just by doing x” and it feels like there’s nothing I can do about mine. + +To be clear I absolutely love my job. Not like it’s a good job love like I wake up and I look forward to going to work. I can’t imagine doing any other job. I don’t have any desire to go back to school. I know that sounds bad but I hated school. I don’t want to go to college I just want to work. + +So I own a modest home nothing crazy. 1500 sq feet in a nice secluded area with no neighbors. My loan was for 80000 which I currently owe 70k on. All my bills total each month total at $980 a month. I feel like I save nothing each month and I’m trapped driving the cheapest cars and buying off brand stuff. + +I feel like if I don’t nickel and dime every purchase I’ll be poor forever. I’m just tired of being poor and I feel like I’m drowning in debt. + +I’m sorry for the long post and sorry if this is the wrong subreddit for this but idk what else to do. I need help but I feel completely lost. I’m not looking to make 6 figures a year I just want to live comfortably and drive a decent car. I’d be perfectly happy making 50k a year. That doesn’t sound like much to some of you but it would be huge for me. + +I want to keep my current schedule it’s very important to me because I have a special needs little sister whom I help my parents with every single day. I work 7:30 to 3:30 no weekends no holidays etc but I feel trapped being poor. + +TLDR: work in the south in public education I feel trapped being poor with no end in sight and I don’t know what to do. + +Edit: I can’t really move due to the fact my little sister has multiple scoliosis and cerebral palsy. Her spine was fused about 9 yeas back so walking is difficult and she needs 24/7 help pretty much. So I stayed in my home town to be near by and help my parents whom are getting older. They can’t really move her well and I’m afraid of them getting hurt. +With the amout of illegal activity uncovered lately, you can't tell me you don't feel the same. + +The cryptoheads have been right all along, it is the future. + +When this is over, I'll leave this shit excuse of a fair market for good. There's nothing left to fight for, this has to be burned down as a whole before it can be built up again. + +I feel ashamed for ever believing otherways. +I'm planning to get married in the near future. I'm curious how others with significantly greater net worth than their partners have handled finances in marriage. + +We're planning to keep personal assets separate and share living expenses. I'm going to talk to a lawyer about a prenup. + +- Within a prenup, what do people think is most/least important? + +- Anything else I might want to consider? + +- Any regrets? +Annually? + +I know a recurring theme of fatfire is to make big bucks and have a solid networth etc. But I am just curious given the expense creep for a typical upper middle class family in US given million dollar homes on the coasts, college education bills, eating out regularly and expensive annual vacations. + +Could you folks please share your experience. +Look, my message is simple. Let's say your bitcoin are now worth enough to change your life. Enough to pay off credit card debt, buy that dream car, pay off your student loans, or even your house. + +Congratulations to you. That is a great reward for investing early and holding through the drama. + +But, please, don't ever sell all of your bitcoin. + +A case in point. I have a friend who bought into bitcoin when they were worth 30 cents apiece. At one time he had thousands of bitcoin. Over the years he spent them at prices so low it takes your breath away. He likes to tell the story of how he paid 250 bitcoin for a pound of coffee. + +However, the lesson to be learned here, is he never sold them all. And what he has remaining has, obviously, changed his life. + +I, personally, have sold my bitcoin a whole bunch of times. I started investing in early 2013 and have been well ahead for pretty much the whole time. Over the years every single person who had an opinion urged me to sell my bitcoin. They would say "that pigs get fed but hogs get slaughtered', or some aphorism like that. The message being, don't get greedy, take your profits and run. + +And I did that. I sold my first 50 BTC in 2013 at $350 apiece because that was a nearly 4X return on investment. + +I have sold a portion of my bitcoin multiple times, and as recently as earlier this year I sold 100 BTC at a $1,000 apiece to pay off my kids student loans. + +Now, do I regret selling those bitcoin? Of course I do. How could I not. It was clearly a bad financial decision in retrospect. + +However, I am glad I paid off my kids student loans. It really changed their lives for the positive. + +My point here is that if selling off some of your bitcoin can radically change your life; I'm not going to recommend against it. + +Just don't ever sell *all* of your bitcoin. Sell 1/3, or 1/2, but not all. They were too hard to come by and too hard to get back. + +That's my advice at least. Had I never sold any of my bitcoin I would be in a much better financial position today, but I'm very thankful that I never sold all. +Hi UKPF! + +My sister is planning to make an offer on a house today, FTB. She has engaged a mortgage broker who is working on an application, and she has spoken to a solicitor who is ready to act. + +What she’s not sure of is the next steps after she makes the offer - when does she pay her deposit, when does she pay the solicitor, etc etc. Will the vendor / estate agent need any payments before the deposit etc. + +I bought my house as a new build off plan and completed on notice so the process was slightly different, but I understand usually they happen at the same time and she pays her deposit then? Is that right? + +Are we missing anything? The bank will be carrying out the valuation as part of the mortgage process - does she need to get her own survey done? + +Thanks for the help. + +Edit - this is in NI. +Wanted to get some opinions here. 30 years old, making $300-350k, net worth \~$1m, shooting for retirement at 40 spending \~$7-8k/mo. I'm 100% stocks in my 401k and Roth IRA (\~$200k combined), but in my brokerage (\~$400k) I'm 35% Fixed income (mostly muni's and LT treasuries), 10% commodities, 10% emerging markets (most Korea), and the rest in quality dividend stocks. This is where I put all my excess cash. I also use M1 borrow at 2% cost to take out 30% leverage. This has been great for me as my trailing 12 month returns considering the leverage are \~29% so I'm just a step behind the S&P 500. But I believe at a lower risk profile. I'm choosing to be more aggressive with my capital commitments then the volatility of my portfolio since I have \~$120k out on leverage and another $400k left on my mortgage. Am I being too aggressive with leverage? Or not aggressive enough with my asset allocation? Curious to see what everyone thinks! +First time posting here, and I know it's not technically financially related; but I've been following this sub for about six months, read up on everything I could, taken all advice I could find; and I gotta say thank you. All of you here have helped me, at 28, finally buckle down and make sense of the mess I got myself into and started to dig myself [and my soon to be wife] out of. + +For the first time in my life things are all getting paid on time, we have a small savings, and my credit score has gone from 380 in march [yes very low :(] to 500 as of today. i've been able to pay stuff off and get things in order and it's all thanks to the advice i've read from here. + +So I just wanted to say that this subreddit, and all of you here that take the time to respond and join the conversation, are the best. thank you! + +edit: I know I still have a looong ways to go [500 isn't great and a small savings won't do hah], but I've been able to make great strides thus far and things are finally looking up. +Hi, need some help regarding my salary, tax and NIC. + +I have worked for a small company for over 20 years now as an employee. Towards the end of last year all staff were told the company is having problems with HMRC, which we believe is related to unpaid VAT. I was told last week that our business bank account is having “technical problems” and all payments from clients we to be made to our sister company. I received my payslip today showing my tax, NIC and pension deductions as normal. My salary was however paid directly from the directors personal account. This doesn’t sit right with me and I’m starting to wonder if my deductions are indeed being paid. Can my employer pay from his personal account and how would I go about checking if they are paying my tax etc. +I was soo certain that I was going to be a millionaire at the very least. I never had soo much money in my portfolio. I knew I would eventually write a post on reddit about my crypto journey into early retirement. But it seems as I am cursed. . . + +It all started in late 2017 for me. About November 2017 my friends were talking about Bitcoin and Ethereum. As anyone would be, I became curious. I recalled hearing about Bitcoin in 2011, I remember disregarding it, I was in my very early 20's at that time. Thought there was no need for that because I had a visa card, and I had no idea about investing or anything. I felt regret and fomo, and went all in with whatever I had left. In December that year I multiplied my money, as you can see on that charts everything went parabolic. I wasn't emotionally attached to anything, so selling for a quick 5x was easy. But as you can also see (you might want to write this down) when Bitcoin began entering the bear market in 2018 it took a long time for Bitcoin to find it's bottom (about a year). Everyone on social media and youtube was saying "buy the dip!" technically speaking that is true, I just had to wait 4 years. So I bought the dip of every dip, and 6 to 8 months out I felt foolish for not DCA a little more lightly, and being patient. See, patience plays both ways, to buy and hold, but also to hold USD and to wait for a good entry point. + +Three years have passed, I was investing a large sum of my paycheck into crypto. Living very frugal to invest probably about 80% of my paycheck on average into crypto. I was fairly diversified. Btc, Eth, even XRP and other various alts on beyond page 2 on CMC (I ended up selling these too early). Made many mistakes along the way. You hear the stories about how people got hacked, how they sent crypto to the wrong address, how they didn't sell and held all the way down etc. I heard it all, and I slowly throughout the years crossed each one of those off the list of mistakes I made. Been hacked, scammed, phished you name it. Earlier this year I made the biggest mistake I have ever made thus far, and it costed me 1 million dollars in gains. + +***"Bigger bags don't always mean the highest returns."*** + +My portfolio finally breached the 6 figure range, and quickly was in the multiples reaching more than halfway to a million. It got to my head. XRP wasn't really moving due to the SEC lawsuit. So I thought I should sell it and try to trade it into something else. By the end of that day, I lost a third of that position in USD value. I laughed it off because I had soo much more to spare. I said "I'm going to make this all back on one trade, watch." This went on a few times until I lost 2/3rds of my entire portfolio. I wasn't laughing anymore, and ***I realized I had become a gambler and not an investor.*** There was a series of moments where I would buy into something like Binance and XRP but I couldn't hold on for long, I couldn't stomached the stress, I couldn't sleep. So I couldn't hold on long. I realized my psychology changed. I lost the feeling of being safe. When you buy in soo low and hold you can hold through just about anything when you are up X amount. I lost that security when I sold and let the numbers get to my head. + +I took a step back, tried to find a real entry point to get back in at, but I had cold feet. This was around April, I felt like at any time the market could crash. I was still up in profits, so I decided to just wait everything out. 3 years of preparing for this run up and I ruined that opportunity of a lifetime. Will there ever be another opportunity like this again? I guess we will see in 3 years or so. + +I'm not the best writer, and I am skipping through some details but I don't want this post to be too long than it already is. This is one of the biggest and stupidest mistakes I have made in my entire life, but at least I am running away in the green, i guess. I hope some of you that are new here can learn from my mistakes. Just remember, don't let the numbers get to your head when you approach 1 million. Don't get over confident. I heard similar stories just like this where people trade their portfolios away. I remember hearing about it in early 2018. I got over confident, and disregarded the warning signs and stories I have read, people warning me what not to do. + +One last thing before I go back to work. "Bigger bags don't always mean the highest returns." The biggest lesson that learned here. Living soo frugal to pack the heaviest bags does not always mean you will come out on top. So live life and enjoy it. Be with your family. + +Sorry for the long read \*put on McDonalds cap\* + +&#x200B; + +EDIT: Forgot an important detail. I would of exceeded 1 million in profits had I not screwed around with my portfolio. +A margin called hedge fund has [up to 5 days](https://www.finra.org/investors/learn-to-invest/advanced-investing/understanding-margin-accounts) to cover their position before bankruptcy forces liquidation. + +That is *just one hedge fund getting margin called though!* + +After their assets are liquidated, there are bigger bag holders up the food chain. They get margin called and will be given *another 5 days to cover* before liquidation. + +Thinking the MOASS is over in just days is a WEAK PAPERHAND POSITION! +https://www.cnbc.com/2019/10/14/berkshire-shareholder-sells-stake-accusing-buffett-of-thumb-sucking.html + +David Rolfe noted his frustration with Berkshire Hathaway’s massive cash hoard, lackluster investments and what he thinks are missed investment opportunities by the Oracle of Omaha and his team during the current bull market. + +Berkshire Hathaway shares have lagged the S&P 500 over the current bull run, which started March 2009. + +“Thumb-sucking has not cut the Heinz mustard during the Great Bull Market,” he says. +With Bitcoin's new all-time-high today, the fourth quarter of the largest ever bull year in cryptocurrency history is underway. Bitcoin's price could double, triple, or even quadruple from here, and many small-cap alts will follow with even greater gains. This subreddit is about to get a lot more popular as searches for information on cryptocurrencies increase and our posts make it to the front page. + +Lets remember to be supportive and informative for newcomers. We all came here to learn once. + +Help them understand how scams work, the difference between coin price and marketcap, and the importance of two-factor authentication (with an app, not a phone number). Remind them that time spent in the market is more important than trying to time the market, but to always save a little liquidity for the perfect setup, and to never invest more than they can afford to lose. + +For all the newcomers already here, welcome aboard! We're going to the moon. +There was some discussion a while back about making a Rent v. Buy Flowchart. Many posts on here are asking whether to rent or buy where they live, so I hope this helps. + +Happy to take on any suggestions for edits? + +https://imgur.com/a/14IsziB + +EDIT: I’ve applied the suggestions from the thread to lower the legal, surveyor and valuation fees. Open to taking more suggestions for improvements where you identify them. +Hi everyone! + +I am new to crypto and have been following this sub for the last 6-7 months. Have found all your info very helpful so thank you for that! + +Since starting investing in crypto ive always thought it would be great if there was index to measure our portfolio performance against. So ive thought as a community we could come to a consensus on the top 20 coins you would consider worth HODLing for the next year or more and make a index that we could track maybe week to week with a post of something. The 20 could be equally weighted (5%/coin) or differently weighted (eg 50% eth) depending on your thoughts. It will start with a total value of $10000 (eg. 500/coin) and we will track absolute value and percentage gain and loss each week. + +Based on what ive seen on this subs posts and daily threads these seems like the 20 most favoured (in no particular order): + +1.ETH +2.GNT +3.REP +4.BTC +5.XRP +6.XEM +7.DGB +8.ARK +9.DASH +10.PIVX +11.FCT +12.SJCX +13.STRAT +14.DGD +15.WAVES +16.MLN +17.1ST +18.XMR +19.ZEC +20.MKR + +Please comment if you like the idea, any coins you think should / should not be included and if it should be weighted or not. Hopefully this takes off and we can use it as an index to rate our portfolios performance against! + +Update 1: There seems to be two camps atm: + +1. Those who like the idea of an index based on ethtrader decided top 20 for holding, perhaps weighted for market cap +2. Those favouring a traditional market cap weighted index similar to ASX200, FTSE, NASDAQ etc. + +Ill make a poll, that said we can always do both (comparisons between the two over time would be fascinating to watch!). Please continue to post coins you think should be included or methods of calculating the index you think would be best. + +Update 2: Have made a poll to decide inclusion criteria, weighting and size of index. Please vote! +https://www.surveymonkey.com/r/9VWYLDT + +Update 3: So far we have had 40 responses to the survey and the consensus seems to an Index of top assets for HODLing as decided by ETHTrader (60%), weighted by market cap (87.5%), comprising 10 coins/tokens (55%) at this point but please continue to fill it out. Now to decide the coins/tokens for inclusion we have one last survey to select your top 10 for hodling for at least 12 months from a list of the top 50 by market cap: + +https://www.surveymonkey.com/r/DJX2XY2 + +We will let both surveys run for a day or so then finalise the index based on the community consensus. + +Looking forward to seeing the results! + + +Update 4: The Indices are Complete! Congratulations everyone and thank you all for contributing. +Link for completed index post: https://redd.it/67fspe +Hi everybody, +After three wonderful talks with [jtnichol](https://www.reddit.com/r/ethtrader/comments/b1i6wy/jeremiah_nichol_ujtnichol_ethtraders_community/), [ameensol](https://www.reddit.com/r/ethtrader/comments/b3gu0f/an_1h53min_talk_with_ameen_soleimani_on/) and [vbuterin](https://www.reddit.com/r/ethtrader/comments/b660l4/vitalik_answers_to_rethtraders_questions/), I'm happy to introduce u/chazschmidt as our fourth guest. From Chaz' [twitter bio](https://twitter.com/chazschmidt): +*"Core Contributor of @ethhub_io. Content Writer @SettleFinance... and secret new project. Research Analyst @readysetcrypto."* + +I highly recommend you go have a look at his twitter feed & post history. He's crazy up to date with the current Ethereum and ecosystem development. + +PSA: Please post ***one question per comment***. It makes my job a little bit easier, and it is a bit more clear (compared to bundling questions) which questions should really be asked. +Twitter slides 11% as Q1 users, revenue come in largely as expected + + + +• Q1 Non-GAAP EPS of $0.16 beats by $0.02; GAAP EPS of $0.08 beats by $0.10. + +• Revenue of $1.04B (+28.8% Y/Y) beats by $10M.