Datasets:

winddude

/

reddit_finance_43_250k

like 37

ful324

US airlines would not need the bailout if they didn't spend their recent enormous profits buying back stock. They could've set up emergency funds. They didn't. The money spent for the stock are gone. Now they are bailed out with taxpayers' money. Mismanagement squared times recklessness = our loss.

US airlines would not need the bailout if they didn't spend their recent enormous profits buying back stock. They could've set up emergency funds. They didn't. The money spent for the stock are gone. Now they are bailed out with taxpayers' money. Mismanagement squared times recklessness = our loss "American airlines has spent $12.9 billion over the last six years on its own stock. People are mad because $12.6 billion is what it cost to pay the employees' salaries for an entire year " [https://www.businessinsider.com/airline-stock-buybacks-versus-employee-compensation-2020-4](https://www.businessinsider.com/airline-stock-buybacks-versus-employee-compensation-2020-4)

StockMarket

Honestly the fact that they’re even called “bailouts” annoys me. These aren’t bailouts, they’re loans. The government can easily just charge a ton of interest, especially with a company like Boeing. Charge 10% interest, win-win. In fact, it’s probably the best use of government money to get a rate of return like that. Hilarious to see uninformed people compare bailout spending to social security, Medicare for all, etc. Those are spending, this is a loan.

hhr8d0

I recently started searching for my first home and holy hell it must be one of the most frustrating unfair purchases I have planned in my life, lets start with Agents listing huge inflated prices during good times and almost the entire REA/DOMAIN listings now being "Price on request"

How is there not some legality behind this bullshit, why do I need to call and ring back over and hassle these guy's just to find out the price. This entire market is set up for the people who are already in it. Also other things that kill me Photos of the best spot in the surrounding area instead of the actual property No pictures of the actual building making it hard to find prices in the area. Demanding to know your exact buying situation over the phone before opening the home (It is your fucking job) Trying to turn your economic outlook and arguing with you Signing you up to loads of their subscription emails without ever asking permission I am sure there is plenty of people out there looking to sell without all the nightmares so why is it that we have allowed these blood sucking scum and the associated websites to rule the property market and skew the truth by hiding numbers etc? EDITThanks for ranting with me guy's and thanks for the award's haha Made my morning better.

AusFinance

My pet hate is the offers between 400k-450k and when you offer anything in the range they come back with a counter of something above the top range figure. Its all marketing bullshit by the agents to tell them hey if you put a lower range on what you're willing to accept it'll attract first home buyers who will go above what they would like to pay. So really no one wins but the agent. all i can suggest is you stick to your guns and offer what you think the property is worth. The agent is obligated to go to the owner with the offer, obviously dont be silly but when the owners get multiple offers 50K below their asking they will re-evaluate

9r3b6n

Tesla posts profit of $2.92, stock jumps 7 percent

https://www.cnbc.com/2018/10/24/tesla-earnings-q3-2018.html 2.92/share is actually much more than even I was expecting as a Tesla Bull. What does /r/investing think about this earnings?

investing

Looks like contribution from ZEV credits was minimal too, their gross margin only drops .3% when those are excluded. Substantially profitable, cash and equivalents up by 3/4 of a billion, model 3 margin > 20%... yeah, they definitely beat analyst predictions.

mt75cy

If Santa Claus was real, would he cause any significant inflation?

A few assumptions: 1. The gifts are made by elves who are paid nothing. 2. The materials for the gifts are magically created, not purchased from a supplier. 3. Every child in the world 0-16 gets $400 in gifts. I know that's totally unrealistic but so is Santa. 4. The gifts cannot be returned or sold. 5. All of the gifts are delivered on December 24th. 6. The economy is "average". 7. The real toy manufacturers don't get any royalties or anything, and demand for them does go down as the supply is flooded. That would roughly be 1.925 billion people, a total of $770,000,000,000 worldwide being created in a very short period of time. The biggest hit would probably be on the companies who Santa is screwing over, right? And some follow-up questions: 1. Would its predictability lessen any potential impact? 2. If the gifts *could* be returned for cash value, would the (greedy) kids be creating even more money?

AskEconomics

I think given the assumptions you propose santa-clause would actually cause deflation. Since the toy market would be injected with competition that is able to offer their product for free, it would likely cause a lot of downward pressure on prices overall, kind of like a technological shift in the market, where there is a significant increase in market entrents, causing the prices to go down, but this is an odd case because it's only one entrent causing the huge market shift.

xmhyxf

You are doing the opposite of the upper class if you are panicking right now

Now is the time to buy. It could be rough for 1 year, 3 years, 5 years etc. but show me a time where after 10 years the market did not rebound and it’s a very small percentage. You think the upper class invests only when the market is hot? No. They invest when the market is shit. They invest in real estate when it is shit. They invest in crypto when it is shit. They invest when proven assets are shit and real the reward when they are hot. Don’t fret. Ride the wave and keep buying SCHD, VOO, VTI, DGRO, and VYM if able. Also, if the stock market tanks for 10 straight years we have much bigger issues on our hands and you won’t give two shits about your portfolio

dividends

It's times like this that separate the investors from the gamblers. Everyone knows you want to buy low and sell high but many people are too emotional and their emotions lead them to buy high when things are going good and sell low when the markets pull back.

7cpn21

TIL if you had bought EA stock after they were voted "The Worst Company in America" your investment would be up by more than 378% today

In April 2013, The Consumerist awarded EA the title of Worst Company in America for the second year in a row. Just a friendly reminder to ignore the mobs after the recent backslash experienced by EA due to Battlefront 2. Microtransactions are a very profitable business model and will likely continue to be in the future.

investing

I find the economic concepts of stated preference and revealed preference [fascinating](https://i.kinja-img.com/gawker-media/image/upload/s--uJYUJ7W2--/c_scale,fl_progressive,q_80,w_800/18j48weujcgewjpg.jpg). TL;DR: Ignore popularity contests and make up your own mind.

ri98wa

Redfin & Realtor to stop including crime stats on listing due to "possible racial bias" concerns.

[Link](https://legalinsurrection.com/2021/12/redfin-realtor-dot-com-to-stop-including-crime-stats-on-listing-due-to-possible-racial-bias-concerns/). What do you all make of this?

realestateinvesting

I've got to say, as a man of color, whenever people try to defend "against racism" they usually don't do me any favors. They usually make my race look worse. Thanks to these CEOs for associating high crime areas with race.... Wonderful.

puhyk0

GravitX 🪐 | Next X1000 Gem💥 | Only Goes Up 📈 | Just Launched On Pcs 🚀 | Insane Marketing 👀 | Cg/cmc Incoming 💣 | Dextools Trending 🔥 | Experienced Team 💡

Did you miss GraviToken which has hit 100M Mcap in few days? Don't miss GravitX ($GRX) 🌑 🛰 THE NEXT X1000 GEM FROM OUTER SPACE ! 🪐 ☄️ GRX is an elastic supply token build on the Binance smart chain, designed to rise by a minimum of 12% every 8 hours. That's the best rate of rise guarantee you can find ! 📈 The price of one token can ONLY GOES UP ! Tokenomics : ☄️ 12% Buy/Sell taxes : ⚛️ QUANTUM ENTANGLEMENT : 4% (added to liquidity to create solid price floor) ⚫️ BLACKHOLE : 4% (Strategic buy back mecanism) 🛸 GALACTIC MARKETING :4% (To support the growth of GravitX and make our communuty known by everyone in the cosmos) Experimented team of professionnals (development, marketing, etc.) 📡 🚀 Just launched on Pancakeswap ! 💥 CONTRACT : 0x8FbA8C1F92210f24fb277b588541ac1952e1aAC8 📈 OUR CHART : https://www.dextools.io/app/bsc/pair-explorer/0xc961f140fdf14ef985a406ab898f907646c97776 Incoming marketing : - Poocoin ads - CG/CMC application - Price mathematically guaranteed to rise 12% every 8 hours - Twitter, youtube influencers - Dextools Trending is planned - Private investors AMA - Press releases - Coingecko & CMC listing - Banner ads on high crypto traffic sites - Telegram AMA Marketcap target : 500M ! 📈 And more to come .... 🎆 Website: https://gravitx.space 🎆 TG: https://t.me/Gravit_X 🎆 Twitter : @GravitX_token

CryptoMoonShots

This is a scam guys. I mean first off pancake swap is already risky, and now you buy this on there. These people I swear commenting the same thing with no analysis or anything. “Good job”. Looking at all your profiles your all idiots!

s2zh73

To r/ALL: 1 Year ago, the most unprecedented move in the history of the stock market happened. The Buy Button was turned off for a specific stock. 1 year later and there have been NO CONSEQUENCES. No one went to jail. Was there even a fine? Why? How is the answer not going to sound like a conspiracy

I read about GME investors being a bunch of nut job conspiracy theorists and I get it. I read the shit on these forums and a lot of it is some of the dumbest shit I've ever read. Some of it sounds like intelligent analysis and some of it sounds like pure tin foil batshit insane conspiracy theories. But can we step back and appreciate how FUCKING INSANE it is that the buy button was turned off? Un-fucking-precedented. Turned off right when Wall Street was about to get 2008'ed? The chairman of the SEC straight up said, "We had to protect the clearinghouses." Aka, the core of Wall Street was about to get 🍆 in the 🍑. WHY? Why does people investing in a "dying brick and mortar" result in a multi trillion dollar industry getting destroyed? How has everyone just moved on from that to calling GME investors insane? HOW DOES THAT MAKE SENSE? How come the average person that got fcked in 2008 had to just take it? Why were they not similarly protected? And how does 1 tiny company nearly shut down the entire world's financial system????????? These are the questions GME investors were asking. The questions EVERYONE ON PLANET EARTH should have been asking. As insane as all of the above is. And I cannot stress enough how insane it really is. Get this, there have been NO CHANGES SINCE. WHAT. THE. FUCK. Ok, fuck the consequences. Fuck sending people to jail. Fuck even fining the idiots/criminals that caused the above. At least make some changes to the market? Fucking do *SOMETHING*? How have there been no changes to the market to stop the above? Nothing? Really? 1 year from the day a <10 billion dollar "dying brick and mortar" nearly took down multi trillion dollar wall street and NO CHANGES? Billionaires were crying on national television. They didn't do that in 2008 as far as I can remember. How are the answers to any of the above questions not going to sound like a crazy bat shit insane conspiracy theory?

Superstonk

I've been in this for nearly one year now, been daily on Reddit to read new DD, check the news and looking at the memes - but this post made me think again how crazy this really is.. and excactly your words are reason alone to know that we are on the right side of histroy and fighting against criminals in suites - so fck em and keep on hodling, buying and DRS'in.. they have to get what they deserve...

xdnwds

Bought a hotel, converted to apartments $0 down

Hello! I did something recently that I’d like other people to do - so I thought this might be a good format to lay it out. The financing was $0 out of pocket, but we paid for repairs / did a lot ourselves. Last Summer, I went in with family and bought a 43 bed hotel. Over a few months it was converted to small efficiency apartments, with a large commercial kitchen, dining room, meeting area and a lobby. Why? Because we are very, very short housing in the Midwest. We met up with the local housing authority and got all the rooms inspected and ready to accept section 8 vouchers. After the conversion we have 42 rooms, roughly 320 SF each. There’s a large courtyard in the middle. Our local bank was able to do an 80% loan, with a wraparound product that also had the 20% gap, plus gave us about $50,000 for some repairs. We’ve spent probably $170,000 in total on the updates so far, which I don’t think it’s bad considering. For the rooms we put in a medium size apartment refrigerator, they each have a private bathroom, and the sink is on the outside so it doubles as the kitchen sink. New microwaves, hot plates, updated some furniture. Thankfully the rooms had recently been rehabbed and had a nice new laminate flooring as well as beds and bedding. The courtyard was a complete disaster and we spent a good chunk of money re-designing that. The commercial kitchen in the dining room we had converted the apartment where the owners originally had stayed but also took some money. But it’s totally functional now, we also added two laundry rooms with eight coin washers and dryers, new window heating / cooling units in all rooms. We are able to charge $850 a month, Which more than covers the bills. We probably have another 150k on capital improvements, I would like to add new windows, work on the parking lot, and the septic system needs update. But in addition to a cash flowing beautifully to pay for these improvements, it’s a huge gain for the community. Roughly, We have $15,000 going out every month that covers the insurance, property taxes, gas, payroll for two full-time employees, TV, Internet, miscellaneous. We are always full, average income is 41 rooms paid a month. I will say the key to this is volunteers, who are helping because they see it as an asset to the community. some tenants were through rehab, we also have a dozen disabled veterans, mainly older folks who just need somewhere small and quiet to live. We’ve had great support with people dropping off clothes,food, household items. While technically we are “just” apartments, we’re trying to be a little bit more than that and provide support with meetings, job training, community functions. While it is set up in an LLC it’s acting as benefit corporation. So far me and the other two owners have not taken out a dime. The goal is to get this totally self-sustaining and then maybe sell it and build another one. We owe about 475k on it, in total will have spent maybe 750k, which is pretty good for 42 doors that will soon be turnkey. So I’m just posting this to encourage you to look into alternate avenues of housing, especially if you can work with your local voucher program. It’s really sad that nine out of 10 in my area do not find a landlord who is weren’t willing to work with them, so the vouchers expire. Only 3% of vouchers are used rural areas, that is where I am. I don’t have an angle for posting this, other than I would really like to see some other people try to do something similar. It is possible, it can work.

realestateinvesting

Ok one last, last thing. I am not understanding how there is such a failure between the way the GOVERNMENT wants housing to be funded for low income people, and the way LANDLORDS want to do it. It’s like there’s a huge gap. The government spending on private investors to supply the housing that they fund in a very particular way. Investors are saying no thank you, we can make more on the open market. We refuse to accept your vouchers with all the strings. Something needs to give here. People can’t live in a voucher, it’s a piece of paper. How do you see this program working better, what are some suggestions? Cause right now it’s a pitiful mess

djpwll

Unpopular Opinion? $1M isn't a lot of money anymore

Was in a discussion with friends about how much liquidity they would need to retire. One guy was adamant that you could live like a king on $1M in the US. He refused to do the math, but I reasoned he could pay off his house (about $300K) and have $28K/year assuming a 4% SWR of the remaining $700k. His salary now is roughly $120K/year, so he would have to make DRASTIC changes to lifestyle to live off that $28K. EDIT: Some more details, he has a family (4) and probably spends $50,000/year on expenses. He seems to think that his lifestyle would elevate indefinitely and he could stop working if he had $1M. He says that $1M is "life changing." I disagree. Who's right(er)? EDIT 2: The number of thirsty DMs asking for $1M is funny

financialindependence

People have been worshipping a million dollars for decades, forgetting that inflation has made 1 million dollars worth less and less every year. That being said, my FI number is 1.2 mill in investments. A million now would certainly be life changing. It would push up retirement by a decade or so.

kmbq30

UK "Clean Energy"/ESG stocks that haven't exploded yet

I've been doing some research into a few UK listed companies, noted below. **Velocys LON: VLS -** [https://www.velocys.com/](https://www.velocys.com/) Velocys aim is to work with aviation & aerospace to create sustainable fuels and help achieve net zero emissions. Their process transforms waste into clean fuels using a process called the Fischer–Tropsch process, which converts carbon monoxide and hydrogen into liquid hydrocarbons Basically domestic refuse and woody waste is received, sorted and prepared at their plant. The solid waste is then heated to a high temperature to break it down and convert it into synthesis gas (carbon monoxide & hydrogen), which is used to synthesise hydrocarbons using the Fischer -Tropsch technology. This is fundamentally different to incineration; instead of being burnt, the carbon is converted into fuel. This is much better use of household waste than incineration or landfill, plus this fuel would see a 70% reduction in greenhouse emissions compared to conventional jet fuel, and a 90% reduction in particulate matter from engine exhausts. Notably, their sustainable biofuels require no aircraft engine modification or change of airport infrastructure. Collaborating with British Airways and Shell, planning permission was successfully granted earlier this year for the Altato Immingham plant in Lincolnshire ([https://www.altalto.com/immingham/](https://www.altalto.com/immingham/)), a project that will take over 500,000 tonnes of household and office waste each year, and convert them into over 60 millions litres of clean jet fuel. The plant aims to be operational in the mid 2020s. Velocys are leading this project, assembling and licensing all the technology components into an integrated design. They are also developing a plant in Mississippi that will create fuel for road transportation in the US, from paper and lumber industry waste. This plant is Pre-FEED (completion by end of Q1 '21), and federal permitting completed. I found this extract very interesting applicable for their primary project, taken from the the UK Gov White Paper on our Net Zero future ([https://www.gov.uk/government/publications/energy-white-paper-powering-our-net-zero-future](https://www.gov.uk/government/publications/energy-white-paper-powering-our-net-zero-future)). “Jet zero and green ships: By taking immediate steps to drive the uptake of sustainable aviation fuels, investments in R&D to develop zero-emission aircraft and developing the infrastructure of the future at our airports and seaports, we will make the UK the home of green ships and planes.“ Share Price: 8.10p Market Cap: £87.05m Previous Month Performance: +24.53% I suspect this hasn't exploded yet, because of tie ins to aviation and subsequent lower demand. However if you believe aviation will make a comeback, and the future is green, then this could be a solid play over the next 12-18 months. I've already taken a 40,000 share position in this and will just sit on this. Perhaps Greta Thunberg may pass on the boat trip and fly to the USA next time. **SIMEC Atlantis Energy LON: SAE-** [https://simecatlantis.com/](https://simecatlantis.com/) SIMEC Atlantis aim to become the leading independent sustainable power generator in the UK. They are involved with the design, construction, installation, testing, operation and maintenance of power projects across the globe with more than 1,000 megawatts of power projects in various stages of development, aiming to have 250 megawatts operational by 2021. Their core offering is tidal power generation from Atlantis, where they are recognised as world leaders in the sector, with operations and projects across the UK, Canada, India and China. The worlds largest tidal energy plant currently under construction in Scotland, entitled 'MeyGen', is an Atlantis project, phase 1A of this is already operational. Compared with offshore wind, tidal hasn't been able to compete in recent years, which is probably why you don't hear too much about it, however the UK government has also proposed a restructuring of the CfDs pots in 2021, where they are looking to separate offshore wind and tidal into separate pots. In simple terms, tidal will have a greater chance of winning CfDs and therefore increased revenue support which will massively benefit the Atlantis MeyGen and other UK projects. They also operate in the Waste-to-Energy space following their acquisition of the Uskmouth Power Plant, Newport, Wales. This formal coal powered station is in the process of being converted to use a waste-derived energy pellet as fuel and deliver 220 MW of power to the grid. This project will be a world first conversion of a coal fired power plant, and if successful will provide a blueprint for other conversions across the world. There is growing public concern about what happens to your household waste, to put it in perspective across a 20-year life of the project, the waste used to produce the pellets would will a volume equivalent to more than 46,000 Olympic sized swimming pools - waste that would otherwise end up in landfill. They also have a Turbine and Engineering Services division that designs, supplies and maintains tidal turbines and subsea connection equipment. Share Price: 19.01p Market Cap: £93.98m Previous Month Performance: -19.09% I'm bullish on Tidal especially where the gov CfD proposals apply, plus unlike wind, the moon rarely takes time off so it's a fairly reliable source of power. Additionally if they're able to show commercial success at the Uskmouth Power Plant then the potential here for growth is incredible, with thousands of coal plants worldwide approaching their end of life and being phased out, conversion to a waste pellet fuel (as opposed to biomass like the Drax powerplant) would be the most sustainable way to both manage excess waste and also improve the environmental performance of a coal plant. I have taken a 10,000 share position in this. **Biome Technologies LON: BIOM -** [https://biometechnologiesplc.com/](https://biometechnologiesplc.com/) Comprises of two operations, Biome Bioplastics and Stanelco RF Technologies. Biome Bioplastics is a developer of highly-functional, naturally-based plastics. Bioplastics are designed so that the biodegrade or compost at the end of their useful life. They are made to be chemically identical to their oil-based counterparts, and can be directly substituted. The production process requires much less energy, and is overall a much more sustainable method of providing plastic in our day to day lives whilst also managing the end-of-life process. Growth here is driven by new product launches, and the trajectory of demand for bioplastics increasing with pressure for a low carbon economy and better management of plastic waste. End of 2019 saw this division report revenue of £3.4m compared to £1.9m in 2018. Quarterly revenues ending Sep 2020 were £1.6m, 48% ahead of the previous quarter and 131% ahead of the same period last year. Stanelco RF Technologies designs, builds and services advanced radio frequency systems. Whilst historically a large part of their business, demand for products produced by this division has been reducing, and as such my focus is more on the aggressive growth on the bioplastics side becoming dominant. Share Price: 185p Market Cap: £6.87m Previous Month Performance: +0.81% My view is that plastic isn't going anywhere, and bioplastics sit in a rapidly expanding market to help mitigate the downsides associated with plastic use. A handful of big clients could easily multiply the sales for this company. I expect aggressive growth for bioplastics to continue, but since this is a nano-cap level and AIM being AIM, really it's a gamble, so I'm only going to put a small amount in this, circa £100 / approx 500 shares. \_\_\_\_\_\_\_ I hope others find this useful. As always DYOR. Comment below if you want to add anything, I know these aren't all pure green plays, we do really need to move away from burning things for power and move to renewables and electric vehicles, however that isn't going to happen over night. The best way to kickstart and maximise value of this transition is to make use of the existing infrastructure in a more sustainable way and managing our waste in the process. If anyone has any other suggestions then let me know.

UKInvesting

From a complete layman perspective, i think the reason UK stocks haven't grown in these areas are becuase we don't have the retail investor euphoria that US stocks have, UK stocks need actual institutional investment and serious fundamental changes before the SP reflects it. EDIT: having now had a glance VLS = +360% YTD SME = +170% YTD So basically they are massively up and i have no clue what OP is doing other than some DD

jqo4nl

Economists, what do you think most other economists get wrong?

Further, what are your biggest pet peeves with your peers. What do you see other economists saying or doing that makes you think, “we’re all full of crap” Spill the tea

AskEconomics

The hierarchy of the profession, for sure. Economists at low- and mid-tier departments can do great work, and economists at top departments can do shit work. Likewise, a paper published in a good field journal is often just as solid as something published in a top general interest journal. We like to act like we’re a pure meritocracy, but the work is rarely judged on its merits alone.

stxzvt

Inflation is 5% so why are prices going up more than 5%?

In Canada inflation is 5% now. A 5% increase on everyday goods isn't too noticeable, but Often prices are going much higher than a 5% increase. Why is this?

AskEconomics

5% inflation does not mean that every good’s price is going up by exactly 5%. It means that an average of the price increases is 5%—but some goods will have larger price increases, and some will have smaller.

u1xtdw

How to invest 100.000 €?

Hi everyone, I'm a 32 year old female teacher from Germany and live a very minimalistic lifestyle. My dream is to own a farm house in the south where the rivers and mountains are (very important!:)) and adopt at least one child, have my own animals and a growing business. I don't see myself in this conservative and humiliating teaching job for more than 5 years. Righ now I have 25.000€ and think about a 5 year plan, with 23.000 € savings for each year... Is anybody here who could help me out with financial advices? I am a german, wood work and history teacher and have no idea about finances or crypto etc.. And I know 100.000 € is peanuts for some.. I wish I could have started MUCH earlier but I had a terrible childhood and am on my own and work and study since I'm 18. So many hardships I needed to take care of first. Glad I don't have any debt for now. Have a nice day!

eupersonalfinance

* Firstly, do not seek or trust anyone on the internet that offers financial advise. **Always do your research.** Some ideas: * **Emergency fund**: Make sure to build an emergency fund to be able to cover emergency expenses. This fund should be able to cover 4-5 months of expenses in case something unexpected happens (e.g. broken car, emergency not-covered medical expense, hospitalisation of a family member abroad that might need financial support etc). After doing so, think what to do the rest money. * **Family**. You said you want to adopt a child. This is so amazing but you need to do your budjet estimation because a kid has a lot of expenses. might be a good idea to put some cash at the side for this goal if it is a short-term goal. * **Plan ahead**. Then, if you don’t have short term projects (e.g. buying a car, spending big on something, etc) that require cash, you can think about investing into stocks, ETFs etc. I understand that you have 25k saved already and **plan** to save in the next 5 years. * **Define an investing goal.** Depending on your goal and time horizon you can decide where to invest. What if you goal? To increase your capital in order to buy your home? VWCE is great for long term but if you seek short term gains then other assets or ETFs can be more appropriate. * **ETF choice**. Concerning ETFs, VWCE is a nice, not so risky ETF that contains stocks and many people including myself invest in it. And remember, always invest money that you don’t need in the short term. Also, justetf.com is great for ETF research. * **Broker**. As a broker, Degiro and IBKR are the most popular in Europe. I use degiro because of its low fees in nice ETFs like VWCE, IWDA, VUAA. Edit: people say below that in Germany there are also others. Do your research and find a low fee broker. * **Optimize taxes**. Concerning capital gain taxes I have no idea so speak with a financial advisor in Germany. Maybe an accumulating ETF is advantageous in your case. Or maybe not.

q3tj2z

Group of friends show no interest at all in investments

Hey guys, I just came here to ask how do you do it if your group of friends show no interest at all in investments... With whom do you discuss news, company breakdowns etc? I am having this problem now. I want to get other opinions, other ideas, what I might be doing wrong, what is correct etc.. I just want a bunch of guys to chat and talk normally about investments, If you're in this situation, you're not alone lol

ValueInvesting

At first it was frustrating. I have no one in my life that is truly interested in analyzing companies. I tried talking to people about investing when I was first getting started, and it became evident that it was actually a form of torture for them. These days I just accept that this is a personal journey and I don't necessarily need to talk to other about it. My wife likes to hear when we've had a green week, other than that, I just don't talk about it.

n7ns5n

/r/thetagang has doubled in size in the last 2 months, if you're new do yourself a favor and read a bit

Seems like a lot of people have flocked over here from WSB. Thetagang went from being a strategy for building *small* and *consistent* gains, to just being another way of trading options on meme stocks. If you're new and don't understand the basics of how selling options works, you're setting yourself up to lose just as much money as you did when you were buying options. Maybe even more—at least when you buy an option your losses are capped at 100%. I used to read this sub every day because it was a great way to learn more about trading mechanics, greeks, and finding good trade recommendations. Now the top posts are usually people panicking about how their underlying is tanking because they thought selling an option on a WSB stock is the inverse of buying it (spoiler: it's not). If the MODS don't do their jobs to regulate this sub, it's never going to recover. Top posts are often loss porn and stock recommendations based solely on premium. Most upvoted comments are frequently promoting advice that is flat out *wrong* on a basic level. No one reading wikis or learning the basics before they start confidently handing out advice. This is just a short and poorly written rant, so I'll leave it at that.

thetagang

The thetagang mantra on the home page is literally “we are selling options to WSB degenerates using theta strategies”. Not saying I don’t appreciate your post, but if you want to see less posts about meme stocks then maybe that mantra should change.

sevxxy

Your health is your most valuable investment.

Hello All, Just a reminder, I've heard and seen so many posts about people who are willing to **reduce their food spending** and eat industrial food or fast food in order to save and invest more money. Please keep in mind that y**our health is your most valuable investment**. Don't be afraid to invest in your health by purchasing high-quality foods and following a healthy diet, according to your budget, of course. I think that many people are only focused on money and forget to take care of themselves, which includes **exercising and eating well**. What's the point if you only think about money and ignore yourself? What's the point of saving for retirement if your life expectancy is decreasing and you won't probably be able to enjoy it? Now don't get me wrong: this may sound arrogant or rude, I get it. But, it's just a small caring message for those who may have forgotten to care for themselves and the fundamentals. I wish you all a pleasant and healthy journey to freedom. Take care.

eupersonalfinance

But is it really the case the eating healthy is more expensive? The cheapest products one can buy are veggies and fruits (of course it depends on the period of the year which ones are cheaper). Usually the food which is expensive is the "fake healthy" stuff and the organic food. Organic food is a scam, and if done correctly, it is also unsustainable.

lhtodm

Historically it's way better to invest at market close than at market open, most gains occur overnight

Found this 2018 article, interesting/fun fact: [The Stock Market Works by Day, but It Loves the Night](https://www.nytimes.com/2018/02/02/your-money/stock-market-after-hours-trading.html) * If you had bought the SPY at the last second of trading on each business day since 1993 and sold at the market open the next day — capturing all of the net after-hour gains — your cumulative price gain would be 571% * On the other hand, if you had done the reverse, buying the ETF at the first second of regular trading every morning at 9:30 a.m. and selling at the 4 p.m. close, you would be down 4.4% Chart: [https://i.imgur.com/YPTjg3v.jpg](https://i.imgur.com/YPTjg3v.jpg) Disclaimer - I'm not posting this to endorse the above strategy, I prefer to buy and hold.

investing

This is the most interesting thing I've seen in a long time. I wonder if this has still been the case over more recent years, as the investing landscape has evolved a lot due to broad-market ETFs, Fed intervention, and apps like Robinhood.

lb5i1n

Down 90% this past week.

Hello, I just wanted to post because after seeing all of this [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) craziness I felt the need to post. I (19M), am in college and started regularly trading stocks/options in September 2020. I began with $1000 that I had saved up over the summer, and I created my own method of using my 3 day trades to day trade SPY options. It worked really well for a fair amount of time, I lost a couple hundred bucks a few instances, but overall I made about $20-$80 off each day trade, where I was only wagering \~$600 at a time. My account peaked last week at around +$1600 from when I began day trading. (I took money out to buy food, clothes, etc.) and I was sitting at about $1200 in my account. After reading all the hype surrounding GME, I had some serious FOMO and wanted to get in on some of those hype stocks. I ended up being stupid and making multiple bad investments that eventually brought my account to about $200. I'm sure all of you know how mentally challenging losing that much (percentage) money can be. (especially when everyone was making thousands of dollars). Considering that my day trading was my only method of income, it really sucked to see all that money disappear into the NYSE. However, I have learned a lot of things, and I am going to continue to build my portfolio, being smart about it as I do it. On another note, it is sad to see [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) fall, because it used to be a great sub with some really smart people, but now is drowned out by all the hype. I am going to spend more time in this sub, because the people here seem genuine and smart, and I am looking forward to learning from everyone. Best of luck in your trades, congratulate your wins, and learn from your losses. EDIT: Thank you so much for the encouraging and funny responses. I’ve been reading them but I can’t respond to them all. Best of luck trading tomorrow🚀💎

Daytrading

Bro don’t be down. As long as you view this as a learning experience you will be good. Good luck with everything. I’ve learned a lot this week as well lol. We just have to use these lessons to fuel our growth.

o5mtbq

Dark time to be a crypto investor

It is a hard time for all crypto investors right now. Literally everything is red, esp after it has been a hard couple weeks on the crypto markers. Many of us are holding bags, many of us have lost money that we couldn't afford to lose, some of us might not be able to pay rent or mortgages or possibly even buy food... ​ Most of us invested in crypto to 'get rich' or at least escape poverty... weather we like to admit it or not we invest because we want a better life for ourselves, our family, our children etc ​ Sure people who are on their high horse will say don't spend money you cant lose, dont over leverage, dont buy crypto, dont xyz - But that doesn't help in this moment and it isnt fair to be kicked when you're down. ​ There have been many crashes in crypto and probably many more to come. I'm not here to tell you to Hold or buy the dip or even sell. I'm just here to tell you that you're not alone, tomorrow is another day. ​ So where ever you are around the world, whatever you do just know others are all hurting just like you right now and we will be better investors for this experience and for those that are HODLing like me just know we will see better days again and not to give up on chasing a better financial future for yourself. ​ TL: This is Pastry1 from Australia tell you to stay strong!

CryptoMarkets

It's not a dark time, it's a time for opportunity. It's a time to secure your future. These cycles come, and go. This is the time to start cost averaging. Your investments, were they strong to begin with, will be strong once again. Just go ride a bike, or play some games, or just keep doing whatever it is you did before the market captured your attention and forget about crypto for a short while. For the rest of us, it's time to go shopping.

yx2ns4

Ways to supplement your income here in the UK

With Christmas coming up and costs continuing to rise, I thought it might be useful to repost this list of ways you can earn some extra money here in the UK. I know when people typically think of using sites/apps to earn a few extra quid that "50p surveys" are the first thing that comes to mind, so I'm sharing this list to show that there are much better options out there for folks in the UK who have some spare time on their hands and could use an extra few hundred pounds. So with that said, I decided to create this guide detailing how I would approach a few different scenarios because, after 2 years of earning money from online work and having tried out many different means of generating extra income, I'd like to think I can offer some advice in this area. The 3 Scenarios are: **(1)** How I would go about Earning **£200-£300** in the next 30 days if I had no money to spare. **(2)** How I would go about Earning **£400-£500** in the next 30 days if I had £100-£200 to spare. **(3)** How I would go about Earning \~**£150** from referral offers. 1-2 days needed to complete, Payout times vary from one day to several weeks. ​ # Part 1: Earning £200-£300 in 30 days (No money needed) If I was dead set on making an extra £200-£300 in the next month or so, the sites below would be my target for online earning. Of course, I can't guarantee exactly how much I will earn from using these sites every month, but below you can see how much I earn on average from using them. I don't have any special skills or qualifications. When I started working on these sites, I had no experience in any of the types of work that I do now. If I can work on these sites and Earn £200-£300 per month, then you definitely can too. ​ **Userlytics** **/** **Ustertesting** **(£30-£60 per month):** With this site, you test out the usability of apps and websites and get paid for it. The pay can be very good and the work itself is actually very engaging. I quite enjoy using this site. Your work will consist of completing a series of tasks and instructions and interacting with prototype or production websites or mobile apps while speaking out loud to share your thoughts, emotions, criticisms, and suggestions. It probably sounds very different to the type of online work you usually do because, well, it is. It's certainly a site where the work doesn't feel like a chore, I would highly recommend it. ​ **Appen** **(£50-£200 per month):** So this is a site where you can apply to work on various projects and tasks online. I open the Appen app daily and there's never a day when I'm not greeted by a variety of tasks that I can apply for. The rate of pay is very competitive, with some jobs paying up to $20-$25 per hour. Most jobs pay around $15-$20 per hour (which is still fantastic for online work) and I have never found it difficult to qualify for projects. The site is legit and it actually feels like real work for good pay. The potential earnings from this site over the course of a year can easily enter the £100s or even £1000s, so if it's not on your radar it really should be. Apply for as many projects as you can, it's well worth taking the time to apply because even if you get one project, that's hours of work at a great hourly rate. ​ **Prolific** **(£20-£60 per month):** I would go as far as saying it's one of the top task/survey/study sites out there. With Prolific you get paid cash for engaging in the research of Academics and Universities from around the world. There are Surveys and studies about scientific research, new products and public opinion. From minutes to hours, to multi-part studies over longer periods, there's a respectable range of studies to participate in. It Pays out to Paypal, has a range of interesting surveys and the studies on the site pay a minimum of $6.50 per hour. You should also install the browser extension for chrome so that you get surveys while they're going. ​ **Neevo** **(£30-£40 per month):** Companies submit projects to Neevo to help improve their AI systems. When you’re a match for a project, you’ll be asked to complete a set of simple tasks, which could be in the form of text, audio, images or even video. It's a straightforward 'task for pay' site. They payout through Paypal and the variety of projects is good. Also, I think it's cool that you're helping to train AI, although this is the basis for most of these 'task for pay' sites nowadays. My advice would be to keep your eyes peeled for projects with bigger payouts, Some of the lower-paying projects aren't really worth it for the time you need to put in. ​ **Dscout** **(£20-£50 per month):** So with this site you are rewarded for helping with Market Research. The way this works is that you are given "missions" where you offer your opinions/feedback on various products or services in exchange for payment. The Pay is very good and payout is received promptly through Paypal. I also like that you answer photo and video questions, it keeps me that bit more engaged. Check as often as you can for available missions and apply for all of them. It may take a little bit of time to get your first mission but once you do, more and more will appear. ​ **Respondent** **(Payout varies quite a bit but definitely has high earning potential):** I'm sure some of you have heard about Respondent, It's a site where you get paid for taking part in various studies. The studies can be both remote and in-person but these days most of the available studies are remote. It doesn't take long to apply to studies so even if you don't qualify, you haven't wasted too much time. Also, the pay is excellent when you do qualify, with studies paying between $15-$200, depending on the type of study and the amount of time it takes (Generally ranges from 15 minutes to an hour). It's not a site that you can depend on for frequent payouts, but even if you land a few studies that pay $50, $100, $150 etc each, you're doing very well for the time you put in, So I think this one is worth checking every day if you have 5 minutes to spare. ​ **Intellizoom** **(£20-£40 per month):** This is a site similar to Respondent where you get paid to take part in studies. It doesn't take long to set up your profile and get started and some people I know have had a lot of success using this site. ​ **UserInterviews (£30-£60):** Another site where you can take part in studies and get paid for it. Some people seem to have a lot of luck with this site, and it pays quite well too. ​ # Also: These Earners are a little different since they aren't really 'online work', but they have served me well in the past too... ​ **Facebook Marketplace:** Sell your old stuff. This one should honestly be mentioned in every thread where someone has asked how to make some extra cash in a hurry. We all have stuff we don't use anymore lying around the house and as obvious as it may sound, the items that seem old and worthless to you will be new and exciting to someone else. I'm talking anything, literally anything: Old clothes, books, plant pots, technology you don't use anymore, pots and pans, empty jars, homemade crafts etc. Old Clothes seem to really sell fast, which isn't surprising because people get excited when they see something that's their style and really cheap. So clear out your wardrobe. If you're into crafts, you could sell stuff you've made there too. Last summer I made large painted flower beds out of pallets and sold them, just because I had some pallets and paint laying at home. The point is, You could easily make £50-£100 or more if you do a thorough sweep of your house for stuff you don't want/use anymore. ​ **Vinted:** A fantastic Site/App where you can sell your old clothes. Maybe it doesn't sound like your thing or you don't think you have anything fashionable enough to sell. Believe me, You can sell any item of clothing here. Old hoodies, shoes, gifted clothing that you never wore etc. I've sold my old clothes here in the past and been pleasantly surprised with a nice few sales. ​ **Fiverr:** Offer your services as a Freelancer and get paid. You can earn a lot from the "gigs" you post, but you'll need to have some kind of service you can offer that people will pay for. I'd recommend taking a look at what other people are posting and seeing if you could offer similar work. ​ **Rover:** Saving the best for last. This one is quite a lovely site where you can offer your services as a dog sitter/dog walker. You can have dogs dropped off at your home and get paid to look after them for a duration of time. It's ideal for people who miss having pets or who get a bit lonely working from home sometimes. The pay is usually around £20 per day for dogsitting, maybe £6-£10 for dog walking. If you're at a loose end anyway or just feel like having a furry companion during your free time, This site is a lovely way to earn a little money and make some canine friends. You just make a profile and enter your address so people in your area can find you, Bonus points if you have a dog in your profile photo with you. ​ ​ ​ # Part 2: Earning £400-£500 in 30 days (£100-£200 needed) This one is quite a unique means to make extra money in a short period of time, It's called Matched Betting. It's a very simple process but it's imperative that you read the Guides in full before you begin. Matched Betting is where you use bookmaker sites to complete various 'Free Bet' offers (e.g Bet £10, Get £30 in Free bets), but the whole idea behind the process is that every time you "make a bet", you match that same bet on the exchange (meaning the value of your qualifying bet will always be returned to you). So for example, if I bet £10 for Real Madrid **to Win** on the Bookmaker Site at odds of 2.5, I then also make a Matched bet on the Exchange (This is a separate site such as Smarkets or Betfair) where I bet for Real Madrid **not to win** at odds of 2.5 (or as close as I can get to those odds). In this way, I am covered in all outcomes (win, lose or draw), and it allows me to fulfil the requirements of the bookmaker's offer (e.g Bet £10 and get £30 in Free bets). The money from my initial bet has now been returned to me and I also have a £30 free bet credited to my account. When I receive my £30 free bet, It's the same process of matching again but this time using my free bet on the bookmaker site. This is where I secure a profit, because I'm not using 'real money', and even if I lose on the bookmaker site, I will be paid out on the exchange. This one is great if you can spare some money to get started. Your money isn't 'invested' or 'tied up' in anything, It's just that you'll need cash in order to complete the various free bet offers. You can withdraw your money at any time, but most people leave £100-£200 in their accounts just because it's easier than depositing money every time you want to do an offer. Over the course of 30 days, that £100-£200 or so will grow to £600-£700. The main advantage of Matched Betting is that it really doesn't take a lot of time to hit that £500 profit mark. Over a 4 week period, I worked my way down through the list of welcome offers, nice and handy, and having completed 20 offers at 15 minutes per offer, I came out at **£470 for 5 hours total of work.** Not to knock paid projects/survey sites, but if you don't have the time or desire to invest in that kind of online work, the obvious advantage with Matched betting is speed and simplicity. EDIT: I've received a lot of messages asking for more resources on matched betting. For those interested, you can find the process explained in full detail in this [**Guide**](https://www.reddit.com/r/beermoneyuk/comments/wvr98r/a_guide_to_matched_betting_how_to_make_your_first/)**.** **NOTE:** If you have a history with gambling, do not come near Matched Betting. Matched Betting is not gambling, but the fact you will be using betting websites to facilitate a profit is too much of a temptation- It's not worth it. ​ # # Part 3: Earning ~£150 from Referral Offers The offers below will allow you to earn a minimum of \~£150. This is a handy list if you need to earn a decent amount of money in a short amount of time. For a lot of these offers, you can withdraw the money you earn back to your bank account in the same day, but for a few of the offers, it will take longer. **Important:** In order to get the bonuses from the offers below, you will need to sign up to each app/site through a referral link. There is a subreddit called 'beermoneyuk' where you can find referral links for any of the below-mentioned offers by searching the subreddit for 'Zilch', 'Luno', 'Snoop' etc. and you'll find plenty of posts with referral links and more detailed steps on how to complete each of the offers below: ​ Zilch **(£5):** Sign up through a referral link, Verify your ID and you will see 500 points (worth £5) appear in your account. Shares **(£5):** Sign up through a referral link and verify your ID. Deposit £1 and you will Instantly receive £5 which you can withdraw after 30 days. Snoop **(£5):** Sign up and link a bank account. After 28 days you will receive an amazon voucher by email worth £5. Luno **(£10)**: No referral link needed for this one, Just download the Luno app, sign up & verify ID (5 mins) and enter a BP code into the 'rewards' section of the app. You will instantly be credited with £10 BTC. Absolutely free, No Deposit or Purchase necessary. Monese **(£10)**: Deposit and spend £1 to receive £10 to your account. Monzo: **(£5)** Deposit and spend £1 to receive £5 to your account. Mode **(£10)**: You make a deposit of £20, buy £20 worth of Bitcoin, sell the £20 worth of Bitcoin back to GBP again and you get your £10 credited Instantly (It will show as pending and be available to withdraw in 24 hours). Blockchain **(£10):** You make a deposit of £20, buy £20 worth of Bitcoin, and you get your £10 credited Instantly. You can then sell everything back to GBP and withdraw your £10 bonus after 7 days. Cashapp **(£10):** Free £10 when you sign up through a referral link and send £5 to another Cashapp user (Someone you know who will send the £5 back to you). Wombat **(£20):** Sign up and open a general investment account, you will receive £20 for free. Invest your £20 and hold it for 90 days. Coinbase **(£27)**: No deposit or purchase needed, just go to the site and earn \~£15 by learning about different cryptocurrencies. Earn an additional £12 by signing up to the site through Quidco and making a single transaction. There is no minimum amount for this transaction, simply buy the smallest amount of a cryptocurrency that you can on Coinbase and you will be eligible for the cashback. Revolut **(£12):** Sign up to Revolut and go to the "learn" part of the crypto section of the app, you can earn around £12 for completing the cryptocurrency quizzes, which you can then convert to GBP and withdraw. Remitly: **(£23):** Make a transfer of £100 ( to yourself) and only pay £75, securing you a profit of around £23 after Remitly's transaction fees. Swissborg **(€1- €100):** Deposit £100/ €100, Don't buy anything. As soon as you make the deposit you will get a Reward Token, you 'scratch it' to reveal an amount between 1-100 euros in the app's currency, sell it back to euros/GBP and instantly withdraw your original deposit + Profit. ​ ​ And that's it, I hope this guide will be of help to some people, if you have any questions or suggestions don't be afraid to comment. Cheers

UKPersonalFinance

That's a well thought out post that will I'm sure help some people. I would suggest that the matched betting section be caveated just with a warning that if you have a personality that might get addicted to any type of gambling (including the casino offers that MB will drag you toward) then you should obviously steer well clear. Generally speaking MB shouldn't itself be addictive, since there is no gambling and no "high" to achieve, however the bookies offers are intended to keep you coming back, and the free spins and such that you will earn along the way are specifically designed to addict you. Obviously we're all adults and everyone can make their own choices, just be aware of the risks.

91a4kj

U.S. Breaks Up Fake I.R.S. Phone Scam Operation -- 21 people sentenced for up to 20 yrs, 32 in India indicted

[Some good news](https://www.nytimes.com/2018/07/23/business/irs-phone-scams-jeff-sessions.html) for those who have experienced this scam or know people who have been duped by the same: >With stiff sentences for 21 conspirators last week in the United States and a round of indictments in India, the Justice Department says it has broken up what appeared to be the nation’s first large-scale, multinational telephone fraud operation. >Over four years, more than 15,000 victims in the United States lost “hundreds of millions” of dollars to the sophisticated scam, and more than 50,000 individuals had their personal information misused, the department said Friday. The money was routed through call centers in India back to the ringleaders in eight states. >The fraudulent calls came suddenly and frequently while the scam was active from 2012 to 2016, according to court documents. A person posing as an Internal Revenue Service or immigration official was on the phone, threatening arrest, deportation or other penalties if the victims did not immediately pay their debts with prepaid cards or wire transfers. >In an announcement on Friday, the department said 21 people living in eight states — Illinois, Arizona, Florida, California, Alabama, New Jersey and Texas — were sentenced last week in Houston to prison for up to 20 years for their role in the scheme. >In addition, 32 contractors in India involving five call centers in Ahmedabad, a city in western India, have been indicted on wire fraud, money laundering and other conspiracy charges as part of the operation, the department said. As always, remain vigilant about supposed IRS claims, and never accept or believe any calls from people purporting to be the IRS. The IRS never demands immediate payment (e.g. wire transfers or gift cards), or threatens to bring in the police, immigration officers or other law-enforcement. Communication always begins over snail mail. Hopefully these arrests will serve as a warning to others trying to prey on vulnerable populations.

personalfinance

I've gotten two or three calls in the last month or so to remind me about the "urgent lapse in my car's extended warranty which is exposing me to serious liability". I just bought the car in September got the extended warranty for 3 additional years, so...

sccs74

So... "WTF happened in 1971"?

There is this website titled [WTF happened in 1971](https://wtfhappenedin1971.com/) which is on the one hand a compilation of economic and related charts showing what can be inferred as a massive change for the worse, while on the other hand basically an ad for crypto *(Please refrain from shilling both for and against crypto in your replies as it is off topic and will hopefully be removed by mods as such.)* Of course the literal answer is not difficult to figure out: [On 15 August 1971, the United States unilaterally terminated convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency](https://en.wikipedia.org/wiki/Bretton_Woods_system) but I'm really puzzled about all these effects, their desirability, whether it was worth it ,and if not, how can such a bad thing persist to this day. Idk... I can't even figure out how to formulate what I want to ask. Looking at all that stuff is just really unsettling and likely consistent with the experience of most of us, I would just like to see a discussion on it to understand why, and why for 50 years and still going. I have a very hazy and layman-like understanding of the drawbacks of the gold standard... it's just hard to imagine that this is better. (nth) edit: also... what are the alternatives to this? Is this the best we can do?

AskEconomics

I can tell you what happened in 1971, the US ended gold convertibility. I can also tell you what happened whenever this site was created, someone created a website with bad faith statistics with the goal of making leaving the gold standard look bad. Basically, it's just one big "lying with statistics", very little of what's shown on the site is even reasonably related to leaving the gold standard. https://www.reddit.com/r/AskEconomics/comments/jufe86/hello_i_was_trying_to_understand_that_wtf/ https://www.reddit.com/r/badeconomics/comments/i9ycy9/the_brutalist_housing_block_sticky_come_shoot_the/g1qr7z6/

orxxug

Why do politicians and economists claim new construction is important for the housing industry (eg. to lower prices) when there is already a large number of (even vacant) houses?

Doesn't dedicating resources to building new houses when we already have many vacant houses a bad allocation of our land, labor and capital -- not to mention unnecessarily bad for the environment?

AskEconomics

Because the general idea is that where demand is is not the same place that supply is. There is a lot of demand for housing in urban areas, hence they tend to be significantly expensive. But it’s the opposite effect in rural areas where there is low demand. So, by building more housing in urban areas we can shift the demand supply left so the end result is cheaper housing.

fk7ncs

Why don’t we just let major airlines collapse?

Hear me out. The airline industry has asked for $50bn in support to avoid bankrupty. Meanwhile these same companies have spend 80-98% of their free cash buying back their own company stock over the last 10 years. American Airlines alone has spent $12.5bn to buy back stocks. This of course is done to reduce overall divident costs and increase the share price. On top of that, under the new US corporate tax code all of these companies have lowered their tax bills by billions of dollars. The idea of the tax bill was that this money would be used for investment in technology/R&D and go to employees. Again a lot of this money ended up being used to buy back stocks. Individuals are expected to save up 3-6 months of emergency funds but yet these giant corporations can’t whether any storm. Let them fold and in a free market the void left in supply will be filled by somebody else.

AskEconomics

I work for a major US carrier. Our CEO just sent out an email trying to reassure us that we can weather this storm. We apparently have $1.5 billion in cash on hand. That seems like a lot, but operating an airline is expensive. We net less than $2000 in profit from an average 737 flight in years that aren't very turbulent (pardon the pun), and right now we're seeing flights go out with sometimes fewer than 10 people on them. This is the lead-in to spring break when we're supposed to have packed flights. The issue is we don't know how long this is going to last, and we don't know how severe the drop in demand will be. Edit: I forgot to add that our CEO and a few other top-level executives have decided to take no salary for the next year.

l2i0ke

Can’t sleep... became a millionaire yesterday.

Throwaway account, but hope to be more active here now that I can be anonymous. I’ve posted a couple times to my personal account that were well received and popular, but I ended up deleting because I was nervous about anonymity. 31, married, no children, LCOL. Told my wife tonight that we became millionaires today... she said, “Ok” then proceeded to reheat leftover pasta while I celebrated with a protein shake. I thought this was pretty humorous and don’t really have any close confidants to share with, so hopefully you all can help me celebrate! Cheers!

fatFIRE

Congrats! Get some sleep. With any luck - it'll still be there tomorrow. If not - you get the thrill of doing it all over again... Edited to add - BTW, gift yourself. Not something like a Pagani Huayra (a mill would only be a down payment on one of those), but something personal to remind you of the occasion. A nice pocket knife, a bespoke fountain pen, a good mechanical watch - whatever you're into. Something timeless that can be a permanent keepsake, and you could even pass down with the story of how it came into the family. Good luck, sleep well, and - the second million is easier.

oa8x6c

Made $10K this week, At What point do you take Profits? What strategies so you use for profit taking?

Over the past 5 years, I always struggled with taking profits. Often, I end up riding things up then down then back up then down. Idk if its Greed or Fear of Missing out on Potential Profits. What strategies do you guys use to take profits? Anyone here takes a small percentage weekly or monthly? When you sell stuff, do you keep a small percentage like 10-15% just in case the coin pumps later? A lot of times I sell something that hasn’t been moving for months and then it conveniently pumps after I sell it as if they were all waiting for me to leave haha. I watched my portfolio go from $200 in Early December 2020 to around $43,000 during the first week of May 2021 (Thanks to all the Meme Tokens). Then it dropped a lot, but now its recovering. I still have PTSD from the January 2018 crash, but what I learned from that is that HODLing through that crash would have made me back everything that I had if I had faith and patience. I watched the same thing happen again last month. My guts and instincts were telling me to Buy stuff when they’re red even when they’re dipping daily. It was hard tbh. I remember everyone wishing for low prices and saying “If xxx goes back to $$$, i’m buying a lot” and “If I bought xxx last month or last year at those prices, I would have been rich”. Everyone says things like that and how if they bought Bitcoin or any other coin, they would be millionaires, but the reality is that if they bought any coin early, they’d sell it early or panic sell it at a Loss after any of the annual/yearly FUDs that come and go. I don’t trade on emotions and I am unfazed/desensitized to FUD. I can’t tell if that’s part of the issue since I suck at taking profits. Yes, I know that historically things tend to go up if you zoom out, but I lost around a million dollar’s worth of profits between this bull run and the last one mainly because of my HODLer mentality. I tried switching back and forth between being a Trader and Holder, but I just couldn’t convince myself to do it. How do you guys do it? Any tips or suggestions or advice? And for profits, what kinda strategies do you guys use for taking them? (A percentage of the profits? Taking only your initial investment?). Don’t tell me that we Never Take Profits here. Holding is easy, Taking Profits is Hard. Looking for Genuine advice.

CryptoMarkets

When you 5 X in a token/coin, pull your original investment out, which will be 20%. Then start the 30/15 DCA out method. It goes up another 30%, take out 15%. It goes up another 30%, take out another 15%. Rinse and repeat.

wy6o6m

What is with the whole “death of the American mall” thing and why isn’t the same happening in other countries?

I hear a lot about how American malls are dying and struggling when they used to thrive. This is interesting to me as someone in Denmark where malls are still very much thriving, we have so many in the Copenhagen area alone. What is happening in the US that causes this and why isn’t it happening in Denmark?

AskEconomics

Most malls in europe are in city centres, not in suburbs where you need a car to get to them. Malls outside cities in Europe also aren't doing well - they were built for a car culture that's (thankfully) dying.

da0dqr

People don't consider the psychological consequences of being poor

We all agree that the idea of budgeting yourself out of poverty is utter bullshit, but one thing I never see anyone talking about is how hard it is to have self-control when you're poor You chronically don't have enough money to do what you want to do. Your car breaks down? You're fucked. A relative or yourself get sick? You're fucked. And there's bills, food, gas, rent. If you're poor, most likely you work a lot and earn very little. You are deprived of energy, nutrition, and happiness. Then you get like, 300 extra bucks. You've wanted to get pizza for three months. You've walked past that expensive book you've wanted to buy for months. There's that bicycle you've wanted for years. That nice phone (yours sicks, of course). That pretty dress. Those nice shoes. For MONTHS you've wanted that. MONTHS. Willpower is a limited resource. You've been forced to economize every dollar for necessities for a lengthy period of time. Chances are that you're going to spend those 300 hundred dollars in something you don't need because you are TIRED. Deprived. Unhappy. You have these 300 hundred dollars now. You don't know when the next 300 hundred will come. You could indeed put them aside... but that byke? When will you have the money again? You've worked 12 hours and you're coming home. Your fridge is empty. You should go to the grocery store, pick food, get home, get the bags home, cook the food, eat the food 2 hours later. You are too tired for that. You still have to clean your house up and have a shower. It's three weeks that you want pizza. You say "fuck it" and buy pizza even if you can't really afford it. Rich people spend their money better because they know they are going to have more money. There's no rush because if they can't buy the bicycle this month, you will be able to another time. They could afford pizza last week, so it's easier to say no to pizza this week. They worked 8 hours, there's time to clean up. Other money is going to come. We are just human beings. We are constantly bombarded with ads and things and new needs created by new markets (smartphones didn't even exist in 2007. Now you literally can't function in society without one and an internet connection. You literally can't find a job if you don't have at least a smartphone). Poor people do tend to do poor choices when it comes to money, but it's just physiological (I, at least, do many). You can only go so far with depriving yourself of pleasurable things. Sooner or later you are going to break and spend your money on something dumb because you are exhausted. It's not just a matter of not materially having money. No one considers energy, time and willpower, resources that you quickly finish when everything you have to do it grind your teeth and keep going. EDIT: I meant 3 hundred not 300 hundred sorry lol I'm tired

povertyfinance

>Sometimes the poor are praised for being thrifty. But to recommend thrift to the poor is both grotesque and insulting. It is like advising a man who is starving to eat less. For a town or country labourer to practise thrift would be absolutely immoral. **Man should not be ready to show that he can live like a badly-fed animal**. He should decline to live like that, and should either steal or go on the rates, which is considered by many to be a form of stealing. \- Oscar Wilde

qrhswb

Convinced my girlfriend to invest in BTC a while back and shes unimpressed with the gains.

Convinced her to buy some when it was at around 30’000 back in July and has now doubled her investment . Granted it wasnt a huge investment but I think she now has a false sense of reality that doubling an investment in 4 months is easy and common. If she ever tries to invest in stocks she going to be hit with a hard reality. Update: No I’m not going to dump my girlfriend because of her lack of her financial knowledge and limited perspective. Don’t want my girlfriend to be ray dalio or Warren buffet …but there is some tempting ideas of leveraging her as an asset

Bitcoin

# Sell your girlfriend and get more Bitcoin There will only ever be **21 million Bitcoins**....but there are almost **4 Billion potential girlfriends** on this planet alone, and the total number is uncapped, which basically means girlfriends could birth themselves to infinity and their value will slowly drop over time ^((wait, that bit's true!))

n8xzcl

$NEWINU - Let’s save dogs together. Get in EARLY. 100x potential!

###🔥GET IN EARLY! TOKEN FEW HOURS OLD 🔥 ***Together we can save dogs!!*** NEWINU is a community driven and fair launched token that rewards holders while also burning the supply on each transaction. When you invest in NEWINU, you will directly save dogs from shelters while also earning yield through taxes from our tokenomics. On launch, liquidity has been locked 1Y to ensure that your money will be safe. ##🐥**Telegram**: [TELEGRAM](https://t.me/NewGuineaSingingDog) ##🌐**Website**: [WEBSITE](https://newinu.org/) ##🦜**Twitter**: [TWITTER](https://twitter.com/NEWINU1) ##🍰**1inch** : (https://app.1inch.io/#/1/swap/NEWINU/ETH) ##📈**Chart** : [Dextools](https://www.dextools.io/app/uniswap/pair-explorer/0xebee0cf6ab1bf5b9e9be1a9348632c79089d3b6a) ##📑 **Contract** : [CONTRACT](https://etherscan.io/token/0x1997830B5beB723f5089bb8fc38766d419a0444d) ##🔒 **Liquidity Locked** : [LiquidityLocked](https://team.finance/view-coin/0x1997830B5beB723f5089bb8fc38766d419a0444d?name=New%20Guinea%20Singing%20Dog%20Inu&symbol=NEWINU) **###**Facts about the upcoming token $NEWINU: (TOKENOMICS) | Burn | Profit from Holding - | - | - | We reward holders with a 2% transaction tax which puts $NEWINU directly into your wallet every time someone buys or sells. | 2% Majority distributed to holders. A very small amount added to the burn wallet

CryptoMoonShots

I like to do a tactic where I buy (lets say £1k worth) of a meme coin. Then when it hits a ATH I take out enough cash to pay back my original investment. Then every milestone the coin hits. I sell exactly half my coins until I have none left

88q2la

Guys, this month of April we will be exposing 1 scam coin every day....would you guys be interested in that?

The market is full scam coins and useless tokens, and as a blockchain enthusiast, we are going to work on exposing all the coins that have no value whatsoever and are marketed in such a way to just take your money. Would you guys be interested? What coin do we start with first?

CryptoMarkets

Who is we? There a few I am looking at, EOS is a big one. I know the EOS cult will vote me down but the amount of ether they has sold in just the past 45 days amounts to .5 billion, after that you can’t trace it. There is github activity but it might be noise.

op5onw

If buying and holding has been proven to destroy all other strategies.. why do people sell options and attempt to generate cash from it?

I'm just curious on why people even choose to sell options and run the wheel strategy , when all i ever hear is "buy and hold is superior to all" If someone could help explain to me why selling options is actually useful it would help me out tremendously. I do know all the basics -Calls -Puts -buying -selling -greeks I just have found my self in a scary dark place where I don't know if options are ever going to actually be useful overall to me , in comparison to just buying and holding stocks. Thanks in advance guys, I know it may be a stupid question .

thetagang

It's because buy and hold is not superior to all, buy and hold is the average. Anything made above the average has to come at the expense of loss below average, which makes it difficult because there are a lot of very smart people competing in this game. Buy and hold is a way to guarantee yourself a "pretty good" spot.

l6wbbj

Can you say "CLASS ACTION LAWSUIT". Fuck you RobinHood

Edit 6: I created r/ClassActionRobinHood for people to gather around so that my reddit won't crash under the sheer force of autism that my inbox is receiving. This post was just out of frustration and memes over RHs bullshit corruption; I am not a laywer nor am I claiming that i'm going to create a class action by creating this post. You retards do as you wish, feel free to join if you want. Hell, use it as a backup in case something happens to WSB, I don't give a fuck Edit: Stop giving me these beautiful awards you retards, use the money on GME. This is the way. 💎🙌💎. GME GANG FOREVER 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 STRAIGHT TO THE Nth DIMENSION BOYS 🚀🚀🚀🚀🚀🚀 Edit 2: I will be acquiring more shares today. I have 17.7k liquid money in my TD. Bought 15 shares @327. Waiting for another dip to yolo 12.7k into the rest. I have 18 shares holding on RH with average cost of $112. 1000EOD Boys. Fuck the shorts, fuck the establishment. Melvin and friends can suck my fat diamond encrusted cock. Don't forget to leave RH a nice review on the app store thanking them for your gains Edit 3: I convinced my mother to yolo her stocks into GME early on @90. She still continues to add onto it and as of now she holds 147+ shares and is profiting well over 60k. I don't know what her cost average currently sits at but if my mother can 💎🙌💎 then so can you. She's more diamond-handed than me. Do your part brothers. We'll all be feasting on tendies from our golden plates and washing it down with Shitron tears as we wipe our asses with Melvin bucks by end of next week. Edit 4: I can't believe how much this is blowing up. I wasn't expecting it. But while I have the spotlight, I just wanted to thank every single one of you from the bottom of my heart. You tards have done absolute wonders for the community and started a financial revolution fueled by memes and autism. I read all these stories about how this community has helped people pay off their debts, care for sick loved ones, allowed people to give back to their local communities, and so much more. You guys are the true unsung heroes of this generation and are some of the most wholesome degenerates i've ever seen. This fight isn't about just tendies anymore, its about justice and equality, it's about sticking it to the corporate elites who run the world. Don't let these greedy scumbags take what's rightfully yours, for too long the little guy has been pushed and shoved around but now it's our time to shine. Keep up the good fight and don't back down. 💎🙌💎 for days boys, WE WILL NOT STOP UNTIL WE SEE ELON SHOOT A GME THEMED ROCKET FILLED WITH THE BURNT ASHES OF THESE BASTARDS TO MARS. FUCK SHORTS. THIS ONE IS FOR THE HISTORY BOOKS! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 GME 5,000 IS NOT A MEME NOW. POWER TO THE PLAYERS! EDIT 5: Stop spamming me with awards and upvotes, you retards are crashing my inbox! Put forth all this glorious energy into GME. TL;DR: GME to 1,000 EOD, GME 5000 EONW. THE SUQEEZE HAS NOT SQUOZEN YET, BUY AND HOLD 💎🙌💎🚀🚀🚀🚀🚀🚀🚀🚀

wallstreetbets

[Click Here](https://www.sec.gov/oiea/Complaint.html) to file a complaint with the SEC. [Click Here](https://www.finra.org/investors/have-problem/file-complaint/complaint-center) to file a complaint wit with FINRA. [Click Here](https://robinhood.com/contact) to file a complaint with Robinhood directly. Robinhood Financial LLC 85 Willow Road Menlo Park, CA 94025 United States This morning I, and millions of other retail investors, were blocked from purchasing (entering new buy orders) on the Robinhood platform, without notice. This clear example of market manipulation has forced the stock down from over $500 in after-hours to less than $300 as of this writing. Meanwhile, hedge fund interests are NOT blocked from buying the shares being traded and the lower price obviously benefits them. We retail investors have followed all the rules and finally stood to gain a LITTLE bit from Wall St and they suddenly change the rules "to protect" us. I am requesting you use your subpoena power and regulatory authority to examine whether Robinhood colluded illegally with any other actors who may have held short positions on these stocks to reduce the number of buyers for $GME and therefore deflate the price. This is market manipulation.

weilxj

€1 houses in Italy

Hi all, I have been looking into the above. I understand these houses do not cost €1 and all is well. I know that this is an investment into a property that will be needing lots of renovation work and lots of support to bring back into a liveable state. I am looking for honest, open opinions as to the investment process and likelihood of it being a good idea - generally speaking. I am aware that it would be a case by case basis, and that you’d need to check the level of work needing to be done and costs, per property. Has anyone done this, or know anything about it? Is it worthwhile? Or actually… not that great of an idea, at all! Just a good marketing ploy to reel you in to buy a property? I would like to look into it if worthwhile as family have moved to mainland Europe and I’d like to be on the continent too. It wouldn’t be to live all year, but certainly a place that would be visited often and would be accessible to family (France). Please only helpful replies. I am here to be enlightened, not made fun off as I know this not an opportunity to buy a cheap house. Thank you!

eupersonalfinance

There is no point in listing the benefits and drawbacks of this investment as it is not an investment in the first place. The idea behind it is to revive old communities that do not have enough of a populace left to sustain themselves much longer. As such, if you would move in, do the necessary renovations, and most importantly, live there permanently and integrate yourself in the local community, the community will provide you the lot and house for a symbolic euro. They don't just give it to anyone, it is a whole process, and they specifically aren't looking for fixer uppers, airbnbs, or people looking for a second residence as in your case. If that would be the case, there would have been a myriad of developers and rich people all over the world already who would have jumped at the opportunity and bought everything up already. So unless you want to change your plans and leave your old life behind to fully live the italian country lifestyle, I would recommend spending your time thinking about something else.

9x1yxs

ESO Wallet - E-COMMERCE MARKET

Indonesia's e-commerce market is estimated to reach 52 per cent of e-Commerce in the Southeast Asia region. From Nielsen's percentage entitled Indonesia Ocean of Opportunities for Overcoming Dead Win and Riptide 2017, Indonesia's e-Commerce in 2025 will reach the US $ 46 billion, equivalent to Rp 612 trillion compared to 2015 which able to reach the US $ 1.7 billion. The large population of the middle class, increasing internet access, the growth of small cities, and the limited access to the retail market make domestic e-Commerce overgrow. In 2015, the electronic transaction market in Indonesia was less than one per cent of total retail sales, but by 2025 it will increase to 8 per cent of total retail transactions. The total e-Commerce of six ASEAN member countries in 2025 will increase to the US $ 87.8 billion compared to 2015 which only reached the US $ 5.5 per cent. Not only that, digital transactions in these countries will all reach more than the US $ 4 billion. https://i.redd.it/peq275ngwby11.jpg [https://e-so.co](https://e-so.co/) \- [ESO Reddit Account](https://www.reddit.com/r/EntrepreneurShop) ​

crypto_currency

ESO introduces the most advanced applications made on top of artificial intelligence technology and blockchain technology. While existing solutions offer to solve just one problem at a time, our team is up to build a secure, useful, & easy-to-use product based on private blockchain.

a1glod

Navibration – The Way Of Knowing The World, Reinvented

PREAMBLE The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is Navibration, a Spain-based technology company with a patented technology that has been backed by the Government of Spain, is creating a next-generation navigation system which will redefine not only the way we move in unknown places but all of the details and secrets of them.

crypto_currency

Navibration watch - This will be our first wearable and will consist of a smart watch based on our navigation system through vibration, with which end users will be able to both navibrate anywhere in the world and perform audio-guided routes directly with their watch.

9nw4kl

What is Kaasy

The KaaS blockchain network defines the infrastructure of the current hardware-based, decentralized, democratized, skill-oriented global computing system and algorithm market that is currently used for the adoption of crypto money ... Today, thousands of computer systems are used for crypto currencies, but neither GPUs nor other components have been specifically created for this purpose. Therefore, most of the available resources of these systems are inadequate. Carry out an existing GPU mining hardware, as well as other processing tasks such as crypto-money mining, machine learning and co-processing power - rewarding both events - making RIGs even more profitable. This machine learning will be used in Artificial Intelligence processes that will produce ıla machine functions Bu. When new machine functions are used in a new dataset, the machine gains skill awards to the block chain for learning. This process runs on a Distributed Infrastructure Service architecture, divides the workload between multiple miners and optimizes the minimum runtime with minimal data flow. All this system represents the information as a service and the backbone KAASY ... [https://kaasy.ai/faq/](https://kaasy.ai/faq/)

crypto_currency

KAAS AI or Knowledge as a Service Blockchain is a decentralized network that aims to provide an infrastructure for the democratization of their global AI-computer system. The network of advanced is based on a skills-oriented system that functions on the platform's hardware that is also in use for cryptocurrency mining. KAAS AI is looking to target the creation of an open-source knowledge blockchain based on an AI-ecosystem with its currency.

9zfqpq

Navibration benefits of navicoin

BENEFITS OF NAVICOIN Holders of Navicoin will be a privilege to unlock all the functionality of the platform. Holders of Navicoin will be rewarded continuously. Purchasing products on the platform with Navicoin will attract a 30% discount. Navicoin is an access to the Navibration ecosystem thereby bringing togetherness.

crypto_currency

**Navibration** is a company with a patented technology that has been backed by the Government of Spain, is creating a next-generation navigation system that will redefine not only the way we move in unknown places but all of the details & secrets of them.

a1glod

Navibration – The Way Of Knowing The World, Reinvented

PREAMBLE The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is Navibration, a Spain-based technology company with a patented technology that has been backed by the Government of Spain, is creating a next-generation navigation system which will redefine not only the way we move in unknown places but all of the details and secrets of them.

crypto_currency

Navibration team believe so much in their project and in what it can contribute to society that, despite the youth of Navibration S.L. and being aware of how demanding the CDTI calls are, we decided to prepare ourselves thoroughly and presented our project to them.

sevxxy

Your health is your most valuable investment.

Hello All, Just a reminder, I've heard and seen so many posts about people who are willing to **reduce their food spending** and eat industrial food or fast food in order to save and invest more money. Please keep in mind that y**our health is your most valuable investment**. Don't be afraid to invest in your health by purchasing high-quality foods and following a healthy diet, according to your budget, of course. I think that many people are only focused on money and forget to take care of themselves, which includes **exercising and eating well**. What's the point if you only think about money and ignore yourself? What's the point of saving for retirement if your life expectancy is decreasing and you won't probably be able to enjoy it? Now don't get me wrong: this may sound arrogant or rude, I get it. But, it's just a small caring message for those who may have forgotten to care for themselves and the fundamentals. I wish you all a pleasant and healthy journey to freedom. Take care.

eupersonalfinance

Could not agree more. This is something I do not understand when people skip out on. Good quality, enjoyable food and drink, as well as good health are of paramount importance for a good quality of life. You should not go cheap on that. That is the core investment by itself, because without it, what is everything else worth? Importantly, eating healthy is also not necessarily more expensive. Eating out is expensive, eating super processed foods is expensive. Eating out I can understand for the experience and socializing, but the processed foods are dead to me. Just skip out on the all the processed bullshit and super sugary stuff (sugar is way more screwed up than fat) and get started on a balanced diet. By balanced diet, I mean eat everything. Unless you have a very specific goal and know what you are doing, following a restrictive diet is almost always an expensive mistake. Eat what you love every day, but keep switching it up. Cook using basic ingredients and make something awesome; cooking is the most rewarding hobby. Treat yourself and have a glass of wine or drink every day. You don't have to buy organic, it is an unsustainable scam for the most part anyway. Try to buy local instead. If you're vegetarian or vegan, the processed foods are crazy expensive and not very healthy, so try to avoid them -- have them for convenience only. If you're a meat eater, buying ground meat in bulk and putting it portioned in the freezer is cheap and goes a long way. In any case, eating fresh beats eating processed all day every day. Exercise your body and get into fitness. Don't aim for Arnold, aim to be able to run a couple of km/miles and lift weights on an intermediate level and do it twice a week. You will feel so much healthier and it will also help you clear your mind. A decent pair of running shoes and gym pass for a year will cost you but a couple of shares of VT a year.

u23sbx

Met a couple that said they’re retiring this year at 27?

My girlfriend and I ran into this couple that told us they are both retiring this year. We had a super genuine conversation and they seemed very nice! They said they met this “person” that have them all the tools and resources to make this happen. Before we were gonna go on about our day, they said they would love to introduce us to that “person” and put in a good word. my question is: is this some type of investing opportunity or some sort of scam? I’ve never met anyone IRL that’s retired young so I’m a little skeptical. I’ve only heard stories online about it lol. TLDR; Couple said retiring early, said they’d introduce us to their friend that helped. Is this a scam?

personalfinance

**1% chance** this "person" they met is a financial planner that will help organize their millions in liquid assets. **99% chance** this is an MLM and you should just smile and nod. **0% chance** this person has anything good to offer you

n6xif1

PSA: Don't clutter your mind with chasing stupid cashback program, credit card offers, or privileged banking

I've noticed a significant increase in the cashback program, reward points and credit cards in the last 5 years Some of the examples: 1. Do a recharge of Rs 100 to win Rs 10 cashback 2. Get our free credit card and spent 5 Lakh in a year to get annual fees cancelled 3. Maintain 10L as the minimum balance in our bank to become a privileges member which will give you extra benefits. 4. Create a bank account with us and fund with 10K to win a 100Rs voucher. Here is the reality. You will spend much more with your credit card than you wanted to, just so you get the relief that you didn't have to pay annual fees. Your 10L minimum balance would have made you 10K per month if you have invested instead. Free demand drafts you will get as a privileged member will never amount to 10K in a month. In nutshell, all these programs are just an illusion of savings and you are not only spending more but also saving less. So next time instead of spending 1 hour trying to find the best deal for 100rs recharge, invest that time in your education instead, learn new things. Your increased income in upcoming years will be much higher than 10rs saving. Same with bank account. Don't try to match the high balance requirement. Don't keep a penny higher than your liquidity needs in a saving account. **Finally, I wanted to add that some deals are really good and are worth it. But 90% of the deals are crap and not worth your time.** **Update: Many people are just missing the point of this post. Just because you use everything wisely doesn't mean everyone is. If it was the case, credit card companies would bankrupt. So I'm not talking about you. Don't argue, just smile. Don't comment and brag either. It doesn't help the people who need to understand this.**

IndiaInvestments

It’s not always a bad thing. Ex: My two cards, SBI and ICICI Amazon give me points/cashback. I use SBI to pay bills in restaurants, swiggy or any other monthly bills I’ve got to pay for my house. That helps me earn points. I convert them to Amazon Gift Cards and use them to buy smaller stuff. I just got myself a mouse and HDMI plug from these points. All I did was pay bills I already had to pay. Just used the card. Same with ICICI. To shop on Amazon I use that card. Get cashback on it. I would say it’s more of a choice on how sensible you are when you use your card. All cards now have a built in function to limit expenses after a certain amount. If you don’t trust yourself with it, don’t get your CC limit extended by the bank.

wyvc4j

Why is Airbnb frequently blamed for making city centres unaffordable to live in, but other tourist infrastructure isn't?

This question is inspired by Adam Something's video [City Review - Prague: Beautiful and Disappointing](https://www.youtube.com/watch?v=EnVvlhhqWtw) In it, he repeats the common argument that a city centre became unaffordable to live in because people who intend to rent them out for Airbnb snap up all the properties and rent them out to tourists. But does that mean that tourism is the real driver of the unaffordability problem? If so, why does Airbnb get the blame, and not other tourist infrastructure like hotels? Just like Airbnb, if land in a city centre is purchased to build a hotel on, it would increase demand for land and therefore increase prices.

AskEconomics

Hotels are more controlled than Airbnb. Depending on the city, you either need to buy land zoned for that purpose, or obtain specific permission to build a hotel, or both. Tourism will still compete with residential for land use, but it can’t compete freely, so cities have more tools manage the trade-off between tourism jobs and increased rents. Airbnb, by contrast, allows landlords to freely convert residential property into tourism accommodation (at least initially, some places have legislated to stop this), so they can arbitrage between tourism & residential, which would cause a convergence in prices. This does seem to be supported by empirical evidence - a number of studies have shown a link between volume of airbnb listings & rising rents in particular neighbourhoods. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3676909

fhmgck

Hi, I'm a reporter. Let me know if you face eviction this month due to coronavirus pay issues.

Hi guys, I've posted in here before, but my name is Emma. I'm a reporter for VICE News covering poverty and civil rights. I'm watching all sorts of bill payments, but I understand a lot of folks are really worried about eviction amid COVID-19 because how sudden the consequences are in many states. A lot of civil rights advocates right now are fighting for both suspended mortgage and rent payments, considering how many folks could lose pay (and their homes) during this outbreak and all its resulting economic turmoil. I know we're not at the first of the month, but if this applies to you and you're worried, reach out. You can PM, post here, or email [emma.ockerman@vice.com](mailto:emma.ockerman@vice.com) and I'll get in touch.

povertyfinance

Walmart CEO sent out an email to all workers and the media about being able to miss without being pointed, if you are sick or "uncomfortable with being at work". Store level management is lying to people about it and threatening their jobs over people being sick, or wanting to miss because we have elderly parents living at home and are trying to quarantine ourselves when we can without losing our jobs. Its insane. We are told so many different things and noone can put their own health first without worrying about losing their homes

91mssb

I just found out the size of the Federal Reserve balance sheet. WTF!?

Sorry if I am late to the party on this issue but I stumbled on a story today about how the Federal Reserve is struggling to unwind their bond portfolio that was purchased after the housing crisis. It turns out that early last year the Federal Reserve had accumulated around $4.5 trillion in government debt (treasuries, mortgages, etc...). I knew the balance sheet was big, but I honestly had no idea it was at this scale. As the economy started to improve the Fed decided to unwind the portfolio. It sounds like that plan is not going so well and they have only been able to sell around $300 billion so far over 1 year into the program of unwinding. I guess the point of my post is two fold... 1) Why isn't this a bigger deal? The entire national debt is close to $20 trillion, the Federal Reserve has 25% of this amount on their books? And 2) What happens if they can't sell most of it before the next recession? I would imagine they are not selling because if they flood the market with Treasuries and MBS's interest rates will skyrocket, but it seems like continuing to artificially depress interest rates forever could backfire someday. I don't know how exactly, but it just doesn't feel right. Thoughts?

investing

OP, you're getting trashed in the comments because you have a fundamental misunderstanding of economics. Your level of knowledge seems to amount to "big numbers are scary." It's hard to argue with someone who lacks so many fundamental, basement-level facts. For starters, you're trying to interpret the nations economy through the only economic lens you're familiar with, your own household budget. And that's absolutely wrong. For you, money can only be spent if it can be earned. For you, every dollar you become indebted, you must eventually pay back. For you, money is a tangible asset, a store of value, which you must trade something else of value for -- your labor, your property, your skill, etc. None of this is true for a government like the United States. The US government issues its own currency. It also spends solely in that currency. Can you create your own warren-bucks on demand? Can you buy real goods and services with them? Can you pay down your debts? No. But the US government can. Why? Because of taxes. If the government stopped collecting taxes tomorrow, the value of the dollar would evaporate. It's taxes, which can *only* be paid in USD, which gives the dollar its inherent value. There exists in this country a debt which *every person must pay* and which can *only be satisfied* with USD, otherwise you end up in jail. If the government spent in 'murica-bucks without taxing in that same currency, nobody would accept them as payment. If the government suddenly started demanding taxes in that currency, people would be lining up to earn them, because they'd know they can spend them on to other people who also have tax obligations to fulfill. This is the fundamental value of fiat currency, fiat meaning currency that is willed into existence -- it has value because you need it more than you need any other valuable object barring food and water. Death and taxes are a constant, and you need USD to pay your taxes. This inevitability, this unavoidable constant is also partially what gives the dollar stability and gravitas -- people are content to save it, and people are content to use it as a medium of exchange, because it has the ability to pay a debt that no other substance on earth can. The dollar is more powerful than gold -- just go try to pay your tax bill in gold nuggets if you think that's incorrect. So now that that's out of the way, let's rewind -- taxes give the dollar value, but what about the US government and its ability to create USD out of thin air? Well, that's part two of why comparing government finances to your personal finances is a recipe for paranoia. It's literally the root cause of hundreds of thousands of gadsden flags to be hoisted across america by well-meaning patriots. But here's the truth: not only do taxes in the modern era primarily exist to give fiat currency value, they *aren't even necessary to fund government*. That's right, your taxes don't fund a single fucking thing. In fact, the money you send to the IRS is essentially destroyed. The little ones and zeroes the banks move from one spreadsheet to another when tax day arrives doesn't really do anything. Why? Because -- and we're really beating the horse here -- *the federal government is the sole issuer of dollars in the world, and can create that currency out of thin air whenever it wants*. It does not need your tax money to spend. It can create it. Does it make sense to you that if the US government can create dollars out of thin air, they need to wait to collect yours first? Fucking *no*. And this should hopefully bring us to the next great revelation: to you, money is a store of value. To the US government, it is *not* a store of value. How could it be a store of value, when the government can alter the amount of it at will, either by increasing taxes and destroying it, or by creating and spending more of it into the economy, thereby increasing its supply? So what the fuck? Well, to the US government, money is a *tool*, not a store of value. The governments role is to use the supply of money to regulate the economy. In a recession, it can use its enormous power to connect idle labor with idle resources to create real economic growth by *spending money into the economy*. Government can will dollars into creation, and then use it to buy things from people and businesses that are otherwise experiencing no demand in a down economy. This isn't financial voodoo, it's using money as a fucking tool, the way a government is supposed to use it. When the economy is hot, and unemployment is low, then government can do the opposite -- take money out of the economy to avoid inflation, either by spending less, increasing taxes, raising interest rates (which motivates people to trade their dollars, which don't pay any interest, to government paper like bonds and treasuries, which do -- while simultaneously taking their dollars out of the circulating supply). The major point here is that government is not revenue constrained, and that debt to the government is absolutely fucking irrelevant, because, and this is the real kicker if you've followed me this far -- the national debt is a fucking account artifact, an irrelevant holdover from the days when we spent in a currency we did *not* control, like gold. Today, the national debt reflects the number of dollars the government has spent into the economy -- and *each one of those dollars exists as savings in the non-government sector*. In other words, if the government spends $1mn into the economy, it's you and I who are the beneficiaries. That money is used to buy real goods and services, and we are now $1mn richer. The call to "pay down the debt" is literally a call to say "we want the government to remove money from the economy to reduce an irrelevant accounting artifact that scares us because we're fucking ignorant." To finally address your original concern about how much government paper the Fed is holding -- that's actually a good thing. The economy is fucking hot as shit right now, and inflation is finally starting to ramp up. Unfortunately, we have a congress filled idiots who blocked every bit of government spending back when we had a recession 10 years ago, and who now -- when the economy is hot -- are spending like drunken sailors. Ironic, since they're the ones who were complaining about the short road to hyperinflation for the last decade while inflation languished around 1%, and the economy suffered from high unemployment, because none of those stupid fuckers could wrap their heads around the fact that government finances are not analogous to household finances, and that they should allowed the government to step in and bridge the gap between idle labor and idle resources. But i digress. Holding all that paper allows the Fed to soak up all the extra money being pumped into the economy at a time it doesn't need it (tax cuts increase the money supply, huge government spending bills increase the money supply). Interest rates are going to go through the fucking roof, so buy a house now if you want one in the next 10 years.

6gy250

[ETH Daily Discussion] - 13/Jun/2017

Welcome to the ETH Daily Discussion thread of /r/EthTrader. *** The thread guidelines are as follows: - All sub rules apply here. Please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. - General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. - Breaking news or other important content should be submitted as a separate post. - In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://np.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. - Pumping, venting, trolling, or any other similar behavior **should be reported** and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, [follow this link](https://np.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. *** * For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). * **[EXPERIMENTAL]** - To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. *** Thank you in advance for your participation. Enjoy!

ethtrader

when they tell you to **"invest only the money you're ok to lose completely"** that serves a real purpose: **You're emotionally ready to lose it all, thus you never panic sell or FUD, you're OK with it gone**. please : * don't be a pawn in the whales game * don't panic * stick to your initial plan * don't focus on the 5m chart * ZTFO (Zoom The Fuck Out) * remember the fundamentals * short term decisions are based on emotions, long term decisions are based on logical thinking * HODL, time in the market is more important that timing the market * Don't leave your money or/and coins on an exchange * **NEVER EVER SHORT** a cryptocurrency : the market **can and will** remain irrational longer than you can remain solvent

nltwkb

I just realized that if I dump most of my remaining cash into my existing stocks, I will be $12k in annual dividends (around $7k now).

But I am scared. And I will still have enough cash to last me 6months after this. You guys - say something to make me brave. Was raised to stay away from stock market so this is hard.

dividends

I was raised to stay away from it as well. My family would say things like "The stock market is legalized gambling", and "So many people lose money in stocks." But as I've grown up and learned more, I realized there was a HUGE difference between stock speculation (e.g. yoloing on meme stocks) vs. investing in safe, stable, quality companies who have growing dividends. As I've done more investing, I've gotten more and more confident in my ability to do it correctly. And sure - sometimes a bear market happens. But quality dividend-paying companies continue to pay even when the prices sink. Now my parents are approaching retirement age and don't have a nest egg. I have more retirement savings and less debt than they do - and I'm still 20 years away! Turns out my family was wrong. It happens.

l97ykd

The real reason Wall Street is terrified of the GME situation

I have been following GME since mid-September and over that time I have banked myself a %1300 return in the process. However, the whole time I was a little puzzled with how severe the reactions from Wall Street have been, especially this week. "The company had more than 100% of its stock sold short! That's never happened before!", you say. I know, I know, but that's [not actually not a new thing](https://www.forbes.com/2006/08/25/naked-shorts-global-links-cx_lm_0825naked.html?sh=f59ff078400b). A short squeeze, even one of this magnitude, should have squoze by now with GME up more than 10x in the span of weeks. Something is just not right. **I think there is something much, much bigger going on here. Something big enough to blow up the entire financial system.** Here is my hypothesis: I think the hedge funds, clearing houses, and DTC executed a coordinated effort to put Game Stop out of business by conspiring to create a gargantuan number of counterfeit shares of GME, possibly 100-200% or more of the shares originally issued by Game Stop. In the process, they may have accidentally created a bomb that could blow up the entire system as we know it and we're seeing their efforts to cover this up unfold now. What is that bomb? **I believe retail investors may hold more than 100% of GME** (not just 100% of the float, more than 100% of the actual company). This would be definitive proof of illegal activity at the highest levels of the financial system. For you to follow this argument, you need to go read the white paper ["Counterfeiting Stock 2.0"](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html) so you understand how the hedge funds can create fake stock out of thin air and disguise it so it looks like real shares. They use these fake shares in [short attacks to drive the price of a company down until they put them into bankruptcy](https://seekingalpha-com.cdn.ampproject.org/v/s/seekingalpha.com/amp/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack?amp_js_v=a6&amp_gsa=1&usqp=mq331AQHKAFQArABIA%3D%3D). This practice seems to be widespread among hedge funds that go short. There is even a term for it, "strategic fails–to–deliver." Counterfeiting shares is extremely illegal (similar level to counterfeiting money) but it's very difficult to prove and even getting the court to approve subpoenas because of the way the financial industry has stacked the deck against investigations. This completely explains why so many levels of the financial system seem to be actively trying to get in the way of retail investors purchasing more GME. It's not just about a short squeeze, it's about their firms' very existence and their own personal freedom. We have the opportunity to put all these people in jail by proving that we own more than 100% of shares in existence. There are are **71 million shares** of GME that have ever been issued by the company. Institutions have reported to the SEC via [13F filings](https://fintel.io/so/us/gme) that they own more than **102,000,000 shares** (including the 13% of GME stock is owned by Ryan Cohen). Now, I don't know the delay/variance on these ownership numbers, but I think there is a pretty solid argument that close to 100% of GME is owned by these firms, if not more. Moreover, there are now more than 7 million people subscribed to r/wallstreetbets\~\~. I know lots of people here are sitting on a few hundred shares that they bought back when it was under $50. Some of us are even holding thousands. If the average number of shares owned by each subscriber is even close to 5-10, we have a very good shot at also owning a similarly enormous amount of GME.\~\~ **Even if the average was just 10 shares per legit subscriber, that puts the minimum retail position at about 30-50% of the entire company.** GME has been on the NYSE threshold list for almost a month. We don't have January data yet, but I just analyzed the data from the [SEC's fails–to–deliver list for December](https://www.sec.gov/data/foiadocsfailsdatahtm) (all 65,871 lines of it) and looked up the number of shares that were likely counterfeit. For comparison, I did the same for a couple random tickers. Most companies have close to no shares not show up. Of those that do, it's a relatively small number of shares. For example, two random companies: Lowes ($LOW, \~$125B market cap) had 13,960 shares fail to be delivered at its highest point that month, Boston Beer Company ($SAM, $11.5B market cap) had 295 shares fail to be delivered. How many shares of GME failed to deliver? **1,787,191.** As the white papers points out, the true number of counterfeit shares can be 20x this number. How bad do you think that number will be when we get the numbers for January? I'm willing to bet its many times that. Look at how that compares to other companies' stock: [Histogram showing number of shares that weren't delivered in December \(x-axis\) vs the number of companies that fall into that bin \(y-axis\). GME is an extreme outlier.](https://preview.redd.it/g723jvyhine61.png?width=445&format=png&auto=webp&s=39bad6c47b428d364de36e9888de35b79572d1da) I think this explains all the shenanigans going on the last few days. There is way too much counterfeit GME stock out there and DTC, the clearing houses, and the hedge funds are all in on it. That's why there has been such a coordinated effort to disrupt our ability to buy shares. **No real shares can be found** **and it's about to cause the system to fall apart.** *TLDR; We probably own way more of GME than we think and that is freaking out Wall Street because it could prove they've been up to some extremely illegal shit and the whole system could implode as a result.* Disclaimer: I'm just a starving engineering PhD student and I don't work in finance. I have no inside knowledge of how the financial system works and I may be wrong on some of this. This is not financial advice and you shouldn't trade based on it. I am book-smart but I still eat crayons like the rest of you. Obligatory rocket: **🚀** ​ EDIT 0: Looks like I truly belong on this sub. On the first version of this post I didn't read the file description properly and summed a cumulative distribution. My numbers were wrong, but I have updated the plot and post with the correct numbers. EDIT 1: You should also note this is the distribution for NASDAQ tickers, not the entire NYSE. I doubt that the distribution trend is any different though. EDIT 2: Evidence that Fannie May and Freddie Mac were killed in 2008 via short attacks using counterfeit shares: [report](https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf). Exactly what I think they were trying to do to GME. EDIT 3: A lot of people were hung up on the "3 shares per wsb subscriber thing". I know many accounts are bots, I was intentionally underestimating that number. I have adjusted to 10 shares per "legit subscriber" to reflect this without changing the total amount I think retail owns. EDIT 4: What I'm seeing on Twitter makes me think I'm being interpreted a little too hyperbolically when I say "Something big enough to blow up the entire financial system.**" We're not going to go back to mud huts, people.** This could just be really disruptive for a short amount of time and cause a number of firms to face liquidity problems, possibly bankrupting some of them. Life will go on and I'm confident regulators and government will step in and protect people if necessary. Hopefully they pay more attention to enforcing securities laws going forward to prevent this from happening again. EDIT 5: [Backup link for white paper.](https://web.archive.org/web/20210131014127/counterfeitingstock.com/CS2.0/CounterfeitingStock.html) EDIT 6: I am getting thousands of messages. I won't be able to respond to all of them. Here is an FAQ: 1. *How do I learn investing?*I am not an authority on this, but my personal opinion is to first learn how to read a company's financial documents and value businesses and only then start thinking about putting your money into specific stocks. Read "the intelligent investor" by Benjamin Graham for this. Then learn how to think about picking stocks. I like Peter Lynch's books for this. 2. *What is going to happen this week?*I have no idea and I wouldn't dare to guess. 3. *Are you going to be killed?*I don't know where people are getting this idea. I have no special knowledge or insider contacts, and I am in no way, shape, or form an expert on the market or the system behind it. Please treat my tinfoil-hat conspiracy theories as just that. There is nothing to gain from harming me and I have no doubts about my safety. These are just personal opinions and I don't have any schemes to "take down the shorts" or anything like that. I do not advocate for you to buy, hold, or sell. I'm just postulating on how we might have found ourselves in this place.

wallstreetbets

[Michael Burry tweeted yesterday](https://i.imgur.com/JfS80qF.png) that when he called in his lent-out GME shares, it took his broker WEEKS to find them. The tweet is deleted now but its [archived here](https://web.archive.org/web/20210130030954/https://twitter.com/michaeljburry?lang=en) Maybe this is related?

nzq9f3

I truly used to believe you guys were just gamblers, but after 1 month of everyday being green scalping I was very wrong.

Day traded for 7 months, and failed. Thought to myself you guys were just gamblers, and some of you got lucky. Day trading was a scam etc (the usual things people when they fail). Then came May, I found a strategy I liked by trading the same exact stock everyday which is NIO, and just scalping it with 1000 shares. I've done this so much I'm practically a nio expert. In the month of May I was green every single day other than the 13th and 26th averaging 450 per day. So far I have been green everyday in June, and hoping to continue it. I just wanted to say I was wrong, this is not strictly gambling, this is finding patterns that give you a higher success than failure, then control risk so that even if you are right 50% of the time 1.5 risk/reward will leave you profitable. Also trading the same stock everyday is so much easier, you only keep track of the news on 1 stock, and you begin to pick up its patterns, it's all time ranges etc. It's so beautiful when it starts to make sense. i will not get cocky, and everyday I am green I say "thank you" and close think or swim, I have to keep humble and respect the market.

Daytrading

The learning curve is INSANE. Thats the problem is so fucking hard that it seems that been profitable is imposible and all u can do is having luck (aka gambles) But is not, you can beat the market and make a life out of it. If u hold long enough to discover that discipline, pacience and study on the long term pay off

wm75rh

Evicting Everyone Guilt

So I’m having some guilt about evicting all the tenants of a property. I closing on a quad that I plan on BRRRRing. All 4 units need pretty severe rehabs. All 4 units are occupied. All 4 units are month to month. My plan is to submit 30 day notice to vacate the day after closing. Take whomever to court that does not want to leave and start my rehab. I did think I’d have any issue doing this until now. As I ask my attorney to draft up the notices I’m feeling guilt for the first time in my real estate investing journey. I’ve done BRRRRs for multi families but they are typically been either empty or with delinquent tenants. Thoughts?

realestateinvesting

Probably wont be popular here but if you're feeling guilt maybe that's for a reason. You have people living in units that need "severe rehabs". They probably also recognize this and would've moved if they could afford to, so you will be kicking people out who likely have limited options. As others have said at least give more than 30 days notice. I realize that you're making an investment but you should also ask yourself what you're even doing this for. What is the point of a major reno vs. something more minor with a modest rent increase on current tenants? A comment on another thread in this sub recently called this strategy "reprehensible" and honestly I agree. Housing is not a "pure" investment. Obviously you expect to make money and that's fine, but real estate is different than other forms of investing. It's not just an investment it's someone's home you are providing and if you don't want to deal with the realities of that maybe the money would be put to better use in the stock market.

z6r8yt

I accidentally damaged colleagues B's car while opening colleague A's car door. They want £2,000 which I don't have.

Hi all, I have little to no experience with cars or the legal aspect of this and need advice. I opened the passenger side door of colleague A's car with a nasty wind blowing and dinged cleague B's driver side door. I informed colleague B and said we we could come to an agreement (I saw evidence online of £200-600 bills for similar work). Colleague B has 2 quotes from independent garages. They can fix the small dent, but say the paintwork requires a 1/2 car respray on pearlescent paint. Colleague B is now asking for £2,000 in cash to cover this. Which I don't have. Not by a long shot. I asked if I could just cover his insurance premium instead and he could claim that way. He refused because he didn't want to affect it. Which I can appreciate. However, it strikes me as unfair that I would be required to pay £2000 for a respray on a £12,000 car, whereas for him it isn't even worth a £250 excess claim. It is his car after all, and he keeps highlighted how it will bother him if it doesn't get fixed. I'm not sure what to do. I'm already paying off a lot of debt each month as per the flowchart and can't afford to take a loan out for another £2,000 (I doubt I would even get approved). What are my options here? Can he take me to a small claims court? How can I raise the money if I'm unable to get another loan? I could maybe pay £50 a month right now but that is all I can afford and I have the impression that won't cut it.

UKPersonalFinance

Here’s an option, tell him to go fuck himself and if he hopes to get 2k for a ding then he can take his chances through the small claims court. He’s obviously not a mate if he’s going on like that so fuck him

n66tzh

Hank's Definitive GME Theory of Everything

**\*\*\*\*\*\*\*\*\*\* I am not a financial advisor, this is not financial advice \*\*\*\*\*\*\*\*\*\*** # Introduction (DD starts below) Apes, did you know that there are usually about 80 confirmed cases of deadly shark attacks per year. You know what nobody ever talks about though? The fact that sharks have TWO, count it TWO, FUCKING PENSIS. I am not making that up. Imagine what I could do with two penises. I'd have twice the total dick length. I might have to rename myself HomeDepotHank3InchesTotal. On the topic of cocks, did you know that many reptiles have two penises as well? They call them hemipenes. SUCK MY HEMI PEEN SHILLS. As many of you know, I am a music aficionado. I like to listen to my fair share of classical music like Megan Thee Stallion and Linkin Park, Jazz music like Fifth Harmony, and even heavy metal like Coldplay and Carly Rae Jepsen. However, I recently came across a beautiful artist who I was not previously aware of. He is a contemporary opera singer named Wheeler Walker Jr. Some of his most popular songs reminded me of this current situation: "Fuck you bitch" - how I feel about shorts "Pictures on my phone" - my DD "Pussy King" and "Rich Sumbitch" - apes when the squeeze is over "Finger up my butt" - me sitting on the toilet scrolling through this sub every morning "Sleeping on the Blacktop" - shorts after they go bust "Drop 'em out" - shorts getting squeezed out of their positions "Sit on my face" - me every time I see my wife's boyfriend "Still ain't sick of fuckin you" - apes when the shorts beg for mercy "Dicked down in Dallas" - shorts who live in Texas during the squeeze "I like smoking pot (a lot)" - my wife (These are the actual titles and this guy is actually real, I love the internet). **Alright apes, enough joking around, it's time to get serious** # Where the DD actually starts There has been an absolute slew of data in the past month about FTDs, dark pools, and rule changes. As many of you know, I have been pumping out a bunch of DD about the FTD cycle. After reading tons of posts about dark pool DD and DTCC rule changes, I think I now understand how all of this fits together and have thus made this GME theory of everything. The DDs that I read on dark pools and OTC trading are the glue that connects everything together IMO. In this post, I will be me connecting my own DD about FTDs to other users' DDs about dark pools, DTCC rule changes, and ETF shorting in order to give us a bigger picture of what all of this is and means. Thus, there will be absolutely no prediction in this post, however, it should help you understand how everything is tied together and the fact that because we don't know the exact extent of shorts' exposure, it is impossible to predict when the MOASS will occur. I am confident though that we are nearing the light at the end of the tunnel. With that, Apes, I present to you: HOMEDEPOTHANK69's DEFINITIVE GME THEORY OF EVERYTHING. Enjoy.... **Roadmap** Alrighty apes, I am going to first briefly explain my own DD on the FTD cycle. Next, I am going to summarize some DD from a user about OTC trading and dark pools relating to GME. After that, I will summarize some DD from other users about how new DTCC and other agency rules affect GME in the future. Finally, I will summarize how ETF shorting plays into GME. After that, I will go into how all of these fit together in one big beautiful orgy that explains where the HFs are at with GME and why they are there. This will allow us to understand our current position. # Summarizing DD of FTD Cycle, new rules, OTC trading, and ETF shorting of GME **FTD Cycle** Below are the links to my posts on the FTD cycle: [Post 1](https://www.reddit.com/r/Superstonk/comments/myxei0/hank_returns_with_some_ftd_cycle_dd/) [Post 2](https://www.reddit.com/r/Superstonk/comments/mzd0sf/dd_update_from_hank_ftd_cycle/) [Post 3](https://www.reddit.com/r/Superstonk/comments/mzzb65/quick_update_from_hank_ftd_cycle/) [Post 4](https://www.reddit.com/r/Superstonk/comments/n1dy1a/a_hankdate_gme_ftd_cycle/) [Post 5](https://www.reddit.com/r/Superstonk/comments/n1wqlg/huge_ftd_cycle_dd_update_from_hank/) Essentially, the FTD cycle is the idea that because shorts have continuously shorted GME, covered it with borrowed shares, and used naked shorts, their short exposure is multiples higher than the actual shares of GME in existence. Because of this and SEC rules forcing them to cover every 35 days, there are predictable price and volume hikes on the chart that coincide with them covering. As every FTD cycle passes, the price to cover gets more and more expensive, and more and more shares are required (naked or not) to maintain their position, which makes it progressively more expensive and progressively increases their position. This increase in expense is going up exponentially, so each cycle is more expensive for them to keep their positions, and eventually, the pressure will be too much for them and they will be forced out. Because heavy naked shorting probably started in early 2020 for GME, with each passing month their exposure increases drastically because a naked short gives them double the obligation (they must cover the short and the nakedly created share). This is why I believe that their current short position is multiples higher than the amount of GME shares in existence. Therefore, they've dug themselves into a hole (hole is an understatement, it's more like an abyss) that they cannot get out of and are trying to slowly unravel the FTD cycle, which is only possible if apes sell. Because apes have not sold, the FTD cycle continues and gets progressively more expensive and they cannot get out of the abyss, they can only kick the can down the road. Similar to the January squeeze, eventually the pressure will be too much and they will be forced out. Here is a picture of the FTD cycle on the charts from one of my posts: https://preview.redd.it/aptkte0kvhx61.png?width=1518&format=png&auto=webp&s=f95b969d4b3acd1ef5c318065d224cfb192271cd This doesn't give you the full picture of the FTD cycle but it gives you a generalization of its thesis. If you want to learn more about it, see my other posts. **OTC/Dark pool trading** *All credit for this goes to the absolute KING who is* u/nayboyer2*. Here is his* [*original post*](https://www.reddit.com/r/Superstonk/comments/myf505/probably_the_last_dd_youll_ever_need_to_read_the/)*.* According to his post, Citadel, Virtu, and Two Sigma are and have been trading MILLIONS of GME shares in dark pools and OTC exchanges. He used publicly available data from FINRA and converted it into charts and spreadsheets (again FUCKING KING). He plotted the ownership of GME shares of these firms. He found that these firms are trading over 1000 shares of GME for every one that they own (let that sink in). He also found that an exorbitant amount of shares are trading in dark pools when compared to the float. This data is irrefutable because, again, it is publicly available FINRA data (i.e. he's not just making a theory, he's just saying what the data shows). Here are some important screenshots from his post: https://preview.redd.it/owemuaknvhx61.png?width=1386&format=png&auto=webp&s=f7523a863e97c3f8ecdb9e277cedfc3f0c729b26 https://preview.redd.it/uck7fejovhx61.png?width=1150&format=png&auto=webp&s=f213f69fb05c91d7fff17739fba96b4c0782457c https://preview.redd.it/gjinhpepvhx61.png?width=1206&format=png&auto=webp&s=94760b5e594291ca78e7bf6a66e7e97c7daeebf2 The takeaway: there is a massive amount of dark pool and OTC trading of GME, it's multiples higher than the actual float. This is just publicly available data that they've reported, so I would guess there's even more to this than we can see from public data. Seriously, check out this post if you haven't, it is a masterpiece. *I am just scratching the surface of this, it's only meant to be a summary, I encourage you to read his post. I'd let him have a night with my wife ANYTIME.* **New Rules** *All credit for this goes to the absolute KING who is* u/c-digs*. Here is his* [*original post*](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/)*.* In his post, he theorizes that all of Wallstreet knows what's going on with GME and that we have been trading sideways for so long because Wallstreet is waiting on several crucial rules from organizations like the DTC and OCC to be passed that will essentially ensure that Citadel can't completely break the market when they go bust. The user believes that once these measures are passed, a firm (he thinks BlackRock) will put tons of buying pressure on GME and cause the squeeze because the measures would make the blow to the financial system more containable. He also points out that in a single week multiple banks broke the record for bond offerings (i.e. they want to have cash on hand). This user believes that a few institutions are in GME too deep and everyone knows it and the influx of rules is meant to make the unraveling safe for Wallstreet, therefore, Wallstreet is waiting to pounce on GME until the middle of the summer when these rules would be passed (at the latest). He gives specific rules, how they will essentially take exposure off of clearing companies and put it on members and the defaulting institutions, and shows the latest possible dates that these proposed rules may go into effect. *I am just scratching the surface of this, it's only meant to be a summary, I encourage you to read his post. I'd let him have a night with my wife ANYTIME.* **ETF Shorting** *All credit for this goes to the absolute KING who is* u/leenixus*. Here is his* [*original post*](https://www.reddit.com/r/Superstonk/comments/n4axra/95_gme_etfs_3_months_of_ftds_visualized/)*.* There are tons of posts about how ETFs are being shorted in order to a. put indirect pressure on GME and b. hide FTDs. I particularly liked this post because of all the charts, which make my smooth brain tingle. I won't go too far into this because most of us already know that another tactic used by HFs is to use these ETFs to put more pressure on GME and to hide FTDs. Here are some important screenshots: https://preview.redd.it/skufmdpvvhx61.png?width=1410&format=png&auto=webp&s=27cfc9c831e755a0e15705128e1fb12ef87c0d27 https://preview.redd.it/ulxh5cmwvhx61.png?width=1284&format=png&auto=webp&s=9f189cc3a4023fadaf2e099dd57ec72b3eb5b443 *I am just scratching the surface of this, it's only meant to be a summary, I encourage you to read his post. I'd let him have a night with my wife ANYTIME.* ​ \*\*I am not taking credit for the above three DDs. I am using their DD to contribute to my overall theory. Please see their posts as they are spectacular. These are truly KING apes\*\* # How all of this fits together https://preview.redd.it/isdrqz6yvhx61.png?width=1396&format=png&auto=webp&s=2e36c37b3e968f156657bb9b7bdd47063b038b1c So, we have the FTD cycle, Dark pool/OTC activity, ETF shorting, and upcoming rules that could benefit us. But how do all of these fit together? (again, this is just my opinion and it could be wrong). I will guide you through the conclusions I make as I go by bolding them. First, the dark pool/OTC data indicates what we all already know: HFs are in a giant fucking hole, an abyss. They borrowed shares, covered those borrowed shares with borrowed shares, shorted with borrowed shares, covered those with borrow shares, and so on. They have been repeating this forever, which is why the price of GME is still so high and volatile. They do most of this covering in dark pools to suppress buying pressure and do other shady things in these dark pools so it goes unnoticed (more on that below). Moreover, GME's OBV has always perplexed me. How could OBV still be this high post squeeze? The DD on dark pools explains that (i.e. they are covering on dark pools to suppress buying pressure and OBV shows that). This means that apes did not sell post-squeeze and that the HFs did indeed use naked shorts to create artificial selling pressure (OBV is the yellow line): https://preview.redd.it/m4175igzvhx61.png?width=902&format=png&auto=webp&s=17b67302299d87b4d33a5d5c088c7f43dbc0fbcb The OTC data also explains the low volume. The funds are covering in dark pools in an attempt to suppress buying pressure, which is why volume has been so low lately. This also explains the random 1pm jumps in buy volume that I noted in a previous post. Finally, this further explains why GME reacts so strangely to catalysts - there are outside forces (OTC trading) that are currently bogging down the price. If a catalyst happens to line up with when they have to cover (i.e. February 24), then we will see positive volume, if not, there is still massive selling pressure on even positive news. Furthermore, the dark pool/OTC data provides almost irrefutable evidence that 1. there is still fuckery afoot with GME, 2. the shorts have indeed dug themselves into a hole that they cannot get out of 3. the exposure that the short funds have is astronomical, and 4. unless for some odd reason all apes sell, the MOASS will in fact happen and it will happen big. Essentially, I believe that we now know exactly what's going on, we just don't know the exact numbers of it (i.e. we don't know their precise exposure or how many shares they borrow or use to short during an attack). The fact that GME's price is still insanely volatile and is trading over 5x what most analysts think it should be and the fact that an INSANE amount of volume is coming from OTC markets demonstrates that shorts still indeed have large positions are still very much IN THIS BITCH. **Conclusion 1: HFs are indeed in a deep hole, have not covered, and are trading in high volumes in dark pools in an attempt to kick the can down the road. All of this explains the low volume.** In the OTC data post, the user shows that the institutions involved in these dark pools do in fact own shares of GME; however, they are trading over 1000x the shares that they own. A few days ago, I remember seeing a post from someone who contacted Interactive Brokers asking why the borrow fee was so low (I don't remember the post but if you do please link and give user credit). The person said that GME is one of the hardest stocks to short right now but the reason that the borrow rate is so low is because there is almost zero demand. **Conclusion 2: GME is insanely hard to borrow right now and there is very little demand to short it** Next, dark pool activity helps us to further explain the FTD cycle. Why do we see these spikes in price and volume every 35ish calendar days? SEC regulations force them to cover. Why does it keep happening? The OTC data shows us that they are STILL naked shorting. Why else would there be this much OTC activity. That shows us that HFs are continuing to naked short and cover with borrowed shares every day, thus digging themselves in a deeper hole (because naked shorting creates 2 obligations - covering the short and covering the naked share) and it's getting more expensive to do so as time goes on (FTD cycle) because their short position is increasing rapidly as shown by the OTC data. https://preview.redd.it/luan1b21whx61.png?width=817&format=png&auto=webp&s=22488dac3696615829aa4853b16daa22e9b2abd8 **Conclusion 3: The OTC data adds credence to the idea that the FTD cycle is getting more and more expensive and that shorts are increasing their short positions rapidly as time passes** So if all of this is true, why isn't some whale coming in to take advantage of it and benefit from a squeeze as many of them did in January? That's where the new rules DD comes into play. Because Wallstreet has access to better, more accurate data than is publicly available, they probably already know what we are just starting to figure out. Why else would the DTC and OCC put in all these rules related to liquidation, bankruptcy, and oversight right after the GME squeeze? Therefore, potential whales are purposely sidelining themselves until these rules are passed, so that they don't completely destroy the financial system in unraveling these short positions. If some whale came in and tried to start the squeeze now, there's a good chance that it would cause a collapse in the financial system because clearinghouses would go bankrupt from having to cover for the shorts who default, which would tank the whales' other assets; however, because of the proposed rules, doing so would only make a few institutions collapse, which would save the whales' other positions in the market. **Conclusion 4: Whales have purposely sidelined themselves and are waiting for the proposed regulatory rules to take effect so the squeeze doesn't destroy the financial system.** Back to OTC data. Why would an institution want to trade on a dark market? The first reason is to suppress buying pressure. The second reason is so that the broader market cant see what they're doing (without taking a deep dive like our ape KING did). The third reason is because they may be employing trading strategies that are borderline illegal, would cause a lot of suspicions, and would make GME dangerously volatile. Because dark pools allow institutions to trade with each other absent an exchange, I believe that this is what they're doing on those pools: they are buying and selling back and forth between each other at a rapid rate in order to drop the price. These are the short attacks that we see. Ever notice that it seems to take about half the volume for the price of GME to go down $5 (arbitrary number) as it does for it to rise $5 (arbitrary number)? This could be why. Moreover, I also believe that they are limiting their covering ONLY to dark pools to suppress buying pressure in public exchanges. Why do I believe this? If there was nothing crazy going on with GME then why is there still an asininely high amount of dark pool activity similar to what we saw during the squeeze? **Conclusion 5: Shorts are using dark pools to suppress buying pressure and to drop the price by rapidly trading between each other.** Back to the fact that it is getting harder and harder to borrow GME and there is very little interest. What I believe is happening is, as said above, these funds are rapidly trading back and forth between each other to drop the price, are borrowing shares from each other, are covering with borrowed shares, and continue to use naked shorts. HOWEVER, because the availability of borrowed shares in the broader market is drying up and because the shorts only own so many shares that they can borrow and trade between each other, their supply is drying up, so they can't continue this forever. Because apes continue to buy, the amount of shares available is further drying up. The longer these funds continue to borrow shares, make naked shorts, cover with borrowed shares, and borrow each other's shares, the more the shares available to borrow dry up. As the FTD cycle rages on, this also becomes more expensive over time. Thus, they are playing a losing game but financially cannot stop playing this game because they're in so deep. Therefore, the squeeze will happen when the supply of shares completely dries up and their short positions slowly (or rapidly) start to unravel or when the FTD cycle makes continuing their game too expensive. **Conclusion 6: The squeeze will happen once the availability of shares to borrow is completely dried up, which seems to be rapidly approaching.** https://preview.redd.it/4bcl5rm2whx61.png?width=1018&format=png&auto=webp&s=5d5ba7fc4d299220b605b278ee50b76331747fa4 Moreover, many people have also noted that GME and AMC trade disturbingly similar in price and volume. I'll also add that this seems to be true for other stocks that were squeezed in January. Why do you think stocks like AMC, GMC, KOSS, BB, NOK, EXPR move so similarly? It's because they are all victims of the FTD cycle as well. Why do you think all of these stocks squeezed at around the same time and why do you think brokers simultaneously halted trading on all of these stocks? Because naked shorting is a cancer infecting the market. Shorts got too risky during covid and thought that all of these companies would go bust, so they abusively shorted them hoping to get the bankruptcy jackpot. Bankrupting these companies would let these funds be off the hook for covering because the company would no longer exist, so there would be no share to cover. However, J Pow then turned on the money machine and we saw the greatest recovery of all time. Realizing how bad HFs fucked up, brokers had the choice of facing bad press for restricting buying or allowing the FTD cycle to unravel and let the financial system collapse. They did the rational thing. Then, realizing that the problem was still grossly persistent, financial regulatory companies started implementing more and more rules to prevent the unraveling of this from destroying the economy when it does happen. No one says this but why do you think literally every brokerage did exactly what RH did? Do you really think they all had liquidity issues? No. It's because they all knew what was happening because they had the access to the data. They knew that if they let it squeeze, it would bankrupt Citadel and they'd be on the hook for it. However, now that there are all of these new rules in place, they can allow it to happen once all of the rules are passed. **Conclusion 7: The FTD cycle is persistent and exemplifies the naked shorting problem in Wallstreet that Dr. Trimbath discussed.** https://preview.redd.it/jtxacny3whx61.png?width=772&format=png&auto=webp&s=8fea66e244ed1e994aa7423affaf1d618ddd1276 Back to GME specifically. In one of my previous posts on the FTD cycle, I used this chart to make sense of T+35: https://preview.redd.it/cht9r9c6whx61.png?width=1304&format=png&auto=webp&s=a424f956cc9fbed4a6e23f13923f2bf1794a6556 Notice the low volume in February. I have long said that I don't think that the CFO being ousted is what caused GME to double in February, it just doesn't make sense. Instead, I believe that once brokerages turned off buying power in January, the HFs again amped up their naked shorting to get the price down to where they could possibly cover. Obviously, some people sold but OBV tells us that it wasn't enough people to get the price all the way down to $40. What explains this? Naked shorting in dark pools to disguise what's really going on. Then, at the end of February, T+35 starts coming in to play and HFs must cover for what they did to end the January squeeze. Obviously, they continued to apply more naked shorts throughout this (March 10th anyone?), so their short positions continue to grow and the FTD cycle continues to persist. Perhaps today's low volume, slightly downward price action is similar to what was happening in February (just a thought). **Conclusion 8: The February rise was the result of forced coverings from the January drop and demonstrates that the shorts still have large positions.** Back to the dark pool data. One of my favorite things from that was the fact that there is not just one player. There are multiple players in this game, which suggests that they are working in tandem. What I posit happened is that these funds all saw the same thing in early 2020: GME is struggling, covid will likely bankrupt it, so let's take some risk and apply naked shorts to hit the bankruptcy jackpot. Instead, the market roared back, GME had a slew of good news in mid-late 2020, and the shorts got themselves in this abyss because they continued to apply more and more pressure on GME. Again, a naked short makes your obligation double because you have to pay back the share that you borrowed and you also have to fulfill the obligation of the share you nakedly created. So every time they apply more pressure, sure the stock goes down, but their net short position goes up exponentially. This is why the FTD cycle persists. Just to kick the can down the road, they use synthetic longs and ETFs to hide and delay their FTDs. **Conclusion 9: Funds are working in tandem because they are both in too deep but it is futile and is just delaying the inevitable.** But what are some of their other tricks? As we know, they like to hide/delay their FTDs through synthetic longs (ITM calls). But what they also do is short the ETFs that contain GME. This applies much less efficient pressure to GME and shows that they are getting really desperate. How do we know that they are doing this? Well, just look at the FTD numbers of those ETFs. **Conclusion 10: Their activity on GME-containing ETFs demonstrates how desperate they are getting** But wait a minute, Hank. Do you have any actual hard data that can back up the FTD squeeze theory? If you would've asked me this any other day except for today the answer would have been no. Thanks to u/AOCsquad126 and u/leenixus [for this beauty of a post](https://www.reddit.com/r/Superstonk/comments/n5trot/i_dont_to_tout_the_horn_without_knowing_anything/). In short, the post uses a model with a linear margin call price trigger on GME. It's very fascinating and I suggest you take a look. In short, I believe this post gives further credence to the idea that the shorts are bleeding more day by day because it is getting more and more expensive to maintain their positions. Why do you suppose it gets more expensive day by day? Oh I don't maybe it's because of they keep borrowing and borrowing. Finally, the OP makes an excellent point here that, when they get margin called, we will not know for up to T+35 days (he gives the example that Archegos was margin called in February but the effects weren't seen for another month). This gives further credence to the idea that the MOASS will come randomly and out of nowhere. Here's a screenshot from the post: https://preview.redd.it/q2xvimp7whx61.png?width=1354&format=png&auto=webp&s=edeefebb873ff9330aae2bd294d931f6deb7daa3 **Conclusion 11: I like the stock. I like the FTD cycle.** ​ **Putting all of the conclusions together and putting them in context:** Below is what I believe is the timeline of GME thus far. This is a summary of my theory of everything: https://preview.redd.it/3sn7qdio0ix61.png?width=822&format=png&auto=webp&s=cde72d5259a47902b70d41ea9fba052b531322f0 **Conclusion 12: Tendies** https://preview.redd.it/jjldjgb9whx61.png?width=705&format=png&auto=webp&s=49ce44de339ed741405e21fffe1fe2bc90d1eaf6 # Some other thoughts **Catalysts** It has long been a sentiment that a catalyst will cause the MOASS. Though I wholeheartedly agree that this COULD be true, I want to emphasize that is not the only option. First, as I've said above GME reacts strangely to catalysts because of FTDs and shorting (doubled on CFO ousting but went down on RC being named daddy/master/lord/senpai of the board). We still have many possible catalysts: CEO announcement, partnerships, crypto shit, etc. However, it's important to remember that January was not caused by a catalyst. Sure, the events leading up to January were caused by catalysts (SI being sky-high, media coverage, RC, tweets, etc.); however, the actual squeeze in January wasn't spurred by a catalyst. It was just the shorts being forced to cover due to the price rising. After seeing how GME reacts to catalysts, I believe that the squeeze will not happen because of a catalyst but will happen in a similar fashion to January: completely unexpected because the shorts were forced to cover. Could a catalyst cause the squeeze? Hell yes. I personally think that a catalyst might cause it to rocket, but similar to January, the real squeeze will happen after an initial rocket due to catalysts and will be the result of the shorts being forced to throw in the towel, not a catalyst squeezing them out. Essentially: catalyst-> rapid price jump but not squeeze (think early January) -> parabolic price jump caused by rapid price jump squeezing out shorts (think January squeeze). **How this is disturbingly similar to 2008** In 2008 institutions sold risky mortgages to people who shouldn't have qualified for them. That was bad. They also created mortgage-backed securities with these risky mortgages in them and sold them across Wallstreet, which gave the entire financial system exposure to bad mortgages. That was worse. They then created collateralized debt obligations that were essentially bets for and against a default on these loans (i.e. they made derivatives of these MBS). That was fucking terrible. They then made synthetic CDOs, which were bets on the reverse side of the CDO (i.e. a derivative of a derivative). That was a nuke. All the while half of Wallstreet was buying credit default swaps, which are derivatives that bet for a default to happen. This was Wallstreet canabalizing itself. That was a huge generalization of 2008, though. So essentially, the derivates market for these bad mortgages was about 10-50x more than the value of the actual underlying asset (the MBS), which is why when the underlying failed, it almost caused another Great Depression. By making bets on bets on risky assets, they created a web that, once volatility happens, would unravel (because once the underlying fails the derivatives fail and the derivatives of the derivatives fail). They essentially dug themselves into a hole that you couldn't get out of because they made all of these derivative bets that far exceeded the actual value of the underlying asset. Sound familiar to what I said above? Financial crises happen when institutions place risky bets and make bets on these bets. When they make layers of derivates like this, it makes the system seem like it's booming for a while but as soon as something goes bad, it all unwinds in a tragic way. That's what's happening now with these webs of naked shorts. # The Future With all of this in mind, here are my thoughts about the future. As I have said, I believe that the FTD cycle is slowly chewing away at the shorts, and I think that the dark pool data helps confirm this. I also believe that the timing and contents of the aforementioned rules is very interesting. Therefore, I believe that either A. the pressure on the shorts will overwhelm them and their positions will be forced to unravel, or B. with the safeguards put in place from the new rules, a whale will come in and unravel the positions for them. This post has no dates. I personally like posts with dates if they have a ton of research behind them and are logical. However, as we've seen, though some people can predict certain price action, no one can predict the MOASS. The MOASS will come, we just won't know when because we don't know exactly how much blood the MMs have lost yet and how close they are to dying. All we know is that they've lost a lot of blood and keep losing more. So, none of us will see the MOASS coming, but it will come (just like my wife when she's with the mailman). Though I have no dates as to the happening of the MOASS, I leave with this: https://preview.redd.it/paptvkxbwhx61.png?width=577&format=png&auto=webp&s=2f7e28415c832a42569db24ad4c22274933b4814 # If you have FUD, read this I, like all of you, have been a victim of FUD. I often think to myself, "they know more than us, there's no way they'll let this happen again" or "it's been trading sideways, it's all over" or "they have more resources than us and will end this quick." FUD is a bitch. FUD is the type of girl that your wife's boyfriend avoids. To help some of you who are experiencing FUD, here is what I always remember whenever those thoughts enter my head: The thesis of this part of the post is that what's happening to GME is not normal, which validates all/most of the topics discussed in this sub. Yes, a short squeeze to that magnitude is abnormal, but what really gets me with GME is what happened AFTER the squeeze. Find any stock that has been massively squeezed, and you will see that it doesn't behave like GME has been for the past few months. If GME would have held around $30-50 like it did post-squeeze and didn't rocket up to 100>200>300 in the past few months with all of this crazy trading action then all of these theories would be very farfetched. However, as I have said a billion times, the chart and data are all that you need to see to know that this stock is still not normal. Therefore, It is not normal for a stock double in the span of a few hours on news of a CFO getting fired (2/24). It is not normal for a stock to open at above 250, go to 350 before noon and then fall down to 172 all before 2pm on absolutely no news (3/10). It is not normal for a stock to tank on earnings and then literally make back those losses the very next day on absolutely no news (3/25). It is not normal for a stock to double on news of the CFO being ousted but to go down 5% on news that the key player (Cohen) is being announced as the senpai of the board of directors. It is not normal for a stock to stay above $150 when every Wallstreet analyst says it's not worth more than $50. It is not normal for a stock to have an extremely negative beta. It is not normal for a stock to fluctuate in value by 10x over the span of a few months (up AND down) on very little fundamental news. It is not normal for multiple forums talking about the same stock to be infiltrated repeatedly by suspicious accounts trying to create FUD (i.e. shills really on exist on forums discussing GME, not regular retail investing forums like [r/investing](https://www.reddit.com/r/investing/) and [r/stocks](https://www.reddit.com/r/stocks/) (which I am banned from hahahaha)). It is not normal for a stock to be universally hated by mainstream finance yet still be trading over 5x what they believe the fair value to be. It is not normal for a stock to get squeezed, fall back down, then almost regain its squeeze price on no fundamental news. It is not normal for a stock to have OTC activity that is multiples higher than its daily volume and float. It is not normal for that OTC volume to be comparable to the January squeeze levels despite "ThE sQuEeZe BeInG oVer." It is not normal for DTC to be implementing a slew of rules about the very things we are talking about. It is not normal for a stock to have random volume spikes in the middle of the day on absolutely no news. It is not normal for ETFs containing said stock to be abusively shorted as well. I could go on and on. If you have FUD, come back to this, and you'll realize that though we might be early, we're not wrong. Does it really make sense for GME to be trading on volume below 5 million consistently (on Wednesday we hit a number we haven't seen since early October) when every boomer analyst says it's 5x overvalued in price and there's an insane amount of interest from retail investors? No. It makes zero sense. On one hand, you'd expect those boomers to short it because it's so overvalued, but they're not. That's because it's almost impossible to borrow (unless you're a MM) and they know what's going on. On the other hand, you'd expect the media to be saying "this is crazy, it shouldn't be 5x overvalued, short short short" every day, but they aren't. That's because they know what's going on. Apes, I'll say it again, THIS ISN'T NORMAL! # Conclusion Well apes, if you've made it this far I applaud you. That was a mouthful to say the least. Thank you for sticking with me to the end of it, this was probably my most in-depth DD and also the one I enjoyed making the most. Please take this with a grain of salt and remember that it is just my opinion, you should always do your own DD before making any decisions. Apes, I hope you realize what this community has done because it's astounding. Between WSB, GME, and SuperStonk, regular, novice investors have pieced together the puzzle that only large financial institutions are usually able to do. What's even more amazing is that this was done using limitedly available, often incomplete public data. The level of complexity of some of the DDs that I've read is on the level of publishable. The volume, complexity, and completeness of data in this sub is spectacular. Fuck Robinhood's "DeMoCrAtIzIng iNvEsTiNg" bullshit. This sub is democratizing investing, and let me tell you, it's been an honor to be a part of this community. As always... Stay strong, apes. **TL;DR** See "**Putting all of the conclusions together and putting it in context"** section with the 17 numbered points. **\*\*\*\*\*\*\*\*\*\* I am not a financial advisor, this is not financial advice \*\*\*\*\*\*\*\*\*\***

Superstonk

I hope you all like it. I worked really hard on this and hope that it sheds some light on where we are now. Again, thank you to all of the mentioned users for posting their amazing DD - you are all Senapis

s3v0hb

Is it really true that worldwide open borders would increase world gdp by roughly 50-150%?

It seems to be a consensus among economists that immigration is generally beneficial. However, I came across this paper (https://www.aeaweb.org/articles?id=10.1257/jep.25.3.83) which argued that removing all restrictions on labor mobility could increase world gdp by roughly 50-150%. Is this true? Is this paper reliable? On one hand, I'm generally sceptical of claims that big and that grandiose. On the other hand, it seems like a legit paper (and it has over 700 citations) Thanks in advance!

AskEconomics

The Journal of Economic Perspectives doesn't publish original research. It publishes short, non-technical literature reviews that are easy to digest, and articles are typically written by thought leaders in the subject area. However, given the journal's purpose, it's very well respected. It's hard to answer the question, "Is it true?" definitively. However, given the journal and the identity of the author, it's safe to conclude that the article reflects the consensus among researchers on the topic.

lbu88e

Found a detailed list of Dividend stocks

Found this nice moneysense article that has a list of 100 dividend stocks. Thought I would share ​ [https://www.moneysense.ca/save/investing/stocks/top-100-dividend-stocks/](https://www.moneysense.ca/save/investing/stocks/top-100-dividend-stocks/)

CanadianInvestor

I'm going to piggy back on here. Great list. https://www.dividendgrowthinvestingandretirement.com/canadian-dividend-all-star-list/ if you like scrolling through Reema of info on dividend growth stocks this guy keeps his list updated monthly, no recommendations but lots of info and ratios calculated.

tii2bc

Boyfriend wants me to pay off his mortgage with ESOP money

So my company had an employee stock ownership program. I have about $100k in it. Our company is 8 years into a 15 year plan to release all the shares . It was bought out by an investor and we were told all the shares will now be released and expect that figure to double. So now I’m looking at approximately $200k. I am in the US and am 46 years old. I can cash that out at about a 34% tax rate plus a 10% penalty or roll it all into my 401k without any taxes or penalties. My boyfriend of 8 years whom I’ve been living with for 3 years wants me to cash it out and pay off his mortgage of $138k. His idea is that he will pay me back over the next 15 years. He says he will pay me about $350 per month. He is subtracting the $600 a month rent I currently pay from the money he will pay me back. He thinks it’s a great idea and better to invest in real estate than the stock market. So if I did this he would put my name on the deed and I would have equity in the house. He thinks it makes sense. I don’t because once I retire we would either have to sell the house or do a reverse mortgage for me to have income (retirement) to live off of. Would there be any future financial benefit for me to follow his plan? Is a 401k still a better option? I don’t come from money, I have no family that will ever leave me an inheritance. I feel like I will never have this opportunity to save for the future again and I don’t want to mess this up. I also am not financially in a spot where I can just up and leave him and buy a house on my own. These last 2 years have been extremely financially difficult for me.

FinancialPlanning

Absolutely not. This man is not even your husband and you are willing to take all this risk? No way. Do not do it. Not to mention the ridiculous tax hit you would be hit with. Your anxiety about doing this tells you all you need to know. Trust that instinct. Put that money into a 401 k or similar retirement fund. Have that peace of mind that it will grow for you and be there for you when you go to retire.

s2zh73

To r/ALL: 1 Year ago, the most unprecedented move in the history of the stock market happened. The Buy Button was turned off for a specific stock. 1 year later and there have been NO CONSEQUENCES. No one went to jail. Was there even a fine? Why? How is the answer not going to sound like a conspiracy

I read about GME investors being a bunch of nut job conspiracy theorists and I get it. I read the shit on these forums and a lot of it is some of the dumbest shit I've ever read. Some of it sounds like intelligent analysis and some of it sounds like pure tin foil batshit insane conspiracy theories. But can we step back and appreciate how FUCKING INSANE it is that the buy button was turned off? Un-fucking-precedented. Turned off right when Wall Street was about to get 2008'ed? The chairman of the SEC straight up said, "We had to protect the clearinghouses." Aka, the core of Wall Street was about to get 🍆 in the 🍑. WHY? Why does people investing in a "dying brick and mortar" result in a multi trillion dollar industry getting destroyed? How has everyone just moved on from that to calling GME investors insane? HOW DOES THAT MAKE SENSE? How come the average person that got fcked in 2008 had to just take it? Why were they not similarly protected? And how does 1 tiny company nearly shut down the entire world's financial system????????? These are the questions GME investors were asking. The questions EVERYONE ON PLANET EARTH should have been asking. As insane as all of the above is. And I cannot stress enough how insane it really is. Get this, there have been NO CHANGES SINCE. WHAT. THE. FUCK. Ok, fuck the consequences. Fuck sending people to jail. Fuck even fining the idiots/criminals that caused the above. At least make some changes to the market? Fucking do *SOMETHING*? How have there been no changes to the market to stop the above? Nothing? Really? 1 year from the day a <10 billion dollar "dying brick and mortar" nearly took down multi trillion dollar wall street and NO CHANGES? Billionaires were crying on national television. They didn't do that in 2008 as far as I can remember. How are the answers to any of the above questions not going to sound like a crazy bat shit insane conspiracy theory?

Superstonk

I do not care for the price anymore, but I refuse to sell before the questions asked in this post have been addressed by the people in charge. It's as simple as that. And given their behavior over the last year, it seems that they really don't like that I just keep holding the stock.

kce5mc

Can we talk about what this pandemic did to us?

People in my circle don't talk about financial problems. Only me really. My family is upper middle class. They've been going on vacations and stuff and talking about how good they're doing. They specialize in industries that actually thrive under the pandemic. I specialize in buisness travel and tourism. I'm just anticipating what the next blow to me will be. I was doing good in 2019. Now I'm probably below the poverty line. The past several months nothing short of dumb luck has kept a roof over my head. Month after month. Let's talk about what this pandemic has done to us. Please. I feel so alone. Let's just air out our problems.

povertyfinance

Moved back in with my parents as mid-30’s unemployed person. I have been waiting nearly 13 weeks now for any of my unemployment funds to be payed. I finally had enough of being rejected by jobs, online assessments and unending job applications that I said fuck it, and starting working for the grocery delivery company that has a carrot for a logo, and I am starting work next week as a part time server at a local pizza place. Cons: my sense of self worth and self esteem are shot. And I have no money after using my savings to pay my car, insurance and phone bill these past few months. Pros: I realize that I can be happy if I just change my perspective and focus on the essential needs: shelter, food, and social support. Also, my cat has brought immense joy. So I’m starting back at ground zero. And learning the subtle art of not giving a fuck.

a1rebn

The Government Network – The First Decentralised Borderless Nation

The goal is to build a nation, operating on a decentralised governance model, that empowers the people with abilities to achieve their goals independently through the power of technology. The DAO’s government structure will be determined by a constitutional convention of experts elected by the early citizens. The platform will consist of a network of incorruptible, interconnected decentralized services, each optimized for their purpose, together greater than the sum of their parts. Transparent by design, the platform will operate as a self-regulating entity or DAO, governed through an impartial consensus mechanism and constitution. Practical in approach, the DAO works in conjuncti The Government Network is building a borderless Nation powered by Blockchain Technology, operating from a Decentralised Autonomous Organisation (DAO). Its purpose is to innovate governance one step at a time through the implementation of applications serving direct market needs as drivers for the ecosystem. The goal is to build a nation, operating on a decentralised governance model, accessible and free for all, that empowers its citizens with abilities to achieve their goals independently through the power of technology. The framework under which the different branches and procedures of the Government Network will operate, will be determined by a Constitutional Convention. Here, an equally represented group of prominent experts, businessmen and humanists will be tasked with rethinking the role of government as we know it. The Constitutional Convention will be organised starting from March 2019.

crypto_currency

**The Government Network** the project whose price is expensive makes me interested in joining this project, I and the investors will do their best to develop this project in order to achieve hardcap

a1rebn

The Government Network – The First Decentralised Borderless Nation

The goal is to build a nation, operating on a decentralised governance model, that empowers the people with abilities to achieve their goals independently through the power of technology. The DAO’s government structure will be determined by a constitutional convention of experts elected by the early citizens. The platform will consist of a network of incorruptible, interconnected decentralized services, each optimized for their purpose, together greater than the sum of their parts. Transparent by design, the platform will operate as a self-regulating entity or DAO, governed through an impartial consensus mechanism and constitution. Practical in approach, the DAO works in conjuncti The Government Network is building a borderless Nation powered by Blockchain Technology, operating from a Decentralised Autonomous Organisation (DAO). Its purpose is to innovate governance one step at a time through the implementation of applications serving direct market needs as drivers for the ecosystem. The goal is to build a nation, operating on a decentralised governance model, accessible and free for all, that empowers its citizens with abilities to achieve their goals independently through the power of technology. The framework under which the different branches and procedures of the Government Network will operate, will be determined by a Constitutional Convention. Here, an equally represented group of prominent experts, businessmen and humanists will be tasked with rethinking the role of government as we know it. The Constitutional Convention will be organised starting from March 2019.

crypto_currency

Coincidently with the advent of political change, the world is experiencing the rise of a new type of currency, namely, virtual-, cryptocurrency. Cryptocurrencies find their origin in 2009, after Satoshi Nakamoto's released his whitepaper on Bitcoin, and with it, the invention of distributed ledger technology. In less than a decade, the technology led to the creation of thousands of projects and applications.

a1rebn

The Government Network – The First Decentralised Borderless Nation

The goal is to build a nation, operating on a decentralised governance model, that empowers the people with abilities to achieve their goals independently through the power of technology. The DAO’s government structure will be determined by a constitutional convention of experts elected by the early citizens. The platform will consist of a network of incorruptible, interconnected decentralized services, each optimized for their purpose, together greater than the sum of their parts. Transparent by design, the platform will operate as a self-regulating entity or DAO, governed through an impartial consensus mechanism and constitution. Practical in approach, the DAO works in conjuncti The Government Network is building a borderless Nation powered by Blockchain Technology, operating from a Decentralised Autonomous Organisation (DAO). Its purpose is to innovate governance one step at a time through the implementation of applications serving direct market needs as drivers for the ecosystem. The goal is to build a nation, operating on a decentralised governance model, accessible and free for all, that empowers its citizens with abilities to achieve their goals independently through the power of technology. The framework under which the different branches and procedures of the Government Network will operate, will be determined by a Constitutional Convention. Here, an equally represented group of prominent experts, businessmen and humanists will be tasked with rethinking the role of government as we know it. The Constitutional Convention will be organised starting from March 2019.

crypto_currency

The Government Network will bring forward innovations in governance, providing voices to the silenced, identity to the stateless, and democracy to those under oppression. Referring to the Atlantic Charter from 1941 stating “respect the right of all peoples to choose the form of government under which they will live” and the International Covenant on Civil and Political Rights, signed in 1966, stating that “All peoples have the right of self-determination. By virtue of that right they freely determine their political status…” to justify the nation’s right of existence and for its citizens, the right to choose their rule of law.

n69ktp

RBI buys USD worth around 5% of GDP

The following is an excerpt from an [article](https://www.thehindu.com/business/Economy/us-currency-watchlist-an-intrusion-official/article34369954.ece) in The Hindu: >The U.S. Treasury Department had recently retained India in a watchlist for currency manipulators submitted to the U.S. Congress, citing higher dollar purchases (close to 5% of the gross domestic product) by the Reserve Bank of India (RBI). > > Our overall reserves have been fairly steady at $500 bn to $600 bn Q: why is RBI buying dollars? I read that it supports building exports and it's used as a reserve in times where inflows would drop dramatically. I didn't understand the second point completely though. Also, what happens to this reserve if USD($) gets devalued? (it can benefit US as well right? - US products will be competitive in global markets, they can get some relief on the debt they have as they will be paying money which is less valuable, helps stimulate local economic activities or this could happen due to hyperinflation - been reading about this quite a lot since warren buffet's QnA)

IndiaInvestments

India and USA are trade deficit countries, they import more than they export. 48 billion for india and 618 billion for USA. To increase exports your currency should be devalued, china devalues it's currency artificially, india can't do that so they stock up on dollars which kind of pushes for devaluation and increased exports. Advantage of hoarding US dollar other than devaluation is as reserve, in case FPI money stops coming into India in future India buys oil in dollars so they will have to first buy dollars and then buy oil. So bigger dollar reserve means safety in bad times. India biggest import is oil and gold. Every time we buy both india becomes poorer due to the outflow. Would USA want to devalue it's currency to pay of debt - Yes and No. If they devalue while they are importing more cost will raise, inflation, angry people. If they don't the interest payment on 23 trillion will be a pain without raising taxes. Economics is basically finding a balance and not necessarily going too far in one direction. However usa has already gone too far with printing money so no one knows how long the party will last or what will happen, we are in uncharted waters. They hold the biggest gold reserves as well so if faith in dollar decreases and we all go back to gold backed currency they have plenty of that too.

nrseqw

Roaring Kitty, how to determine value of a stock?

I'm a newbie to value investing and have been binging on Roaring Kitty's Youtube videos for the past couple of weeks. I see he takes into consideration a lot of factors to figure out if the company is undervalued or if the company won't go bankrupt (which I believe is his style of investing) .But how does he figure out the value of a stock. Say even if he's ballparking , what is that based on? I'm sure it can't be a simple straight forward formula where you plug in the numbers and outputs the value. If he says a particular company at this current price will be a 4-5 bagger, or sometimes he says "I'd prefer this stock under 10$" how does he determine the value ? (p.s I'm a beginner so any article or books or tips y'all think would help me out in this learning process would be appreciated )

ValueInvesting

What you're looking for is a ***relative baseline***. Everything in investing (much like life) is relative. What is it relative to? Everything else, of course. Is company A a better bargain than company B? Is company A less risk to my principal than company B? Howard Marks is fantastic for this (read his Oaktree memos). Most people use 10yr US Treasuries as a faux "absolute baseline", ie: the safest thing I can buy, often called "riskless". The 10 yr Treasury rate is currently about 1.6%. To figure out from a P/E perspective, we just flip the equation to E/P, to get an earnings yield, which can be compared to a bond yield like a US Treasury. A P/E of 10 is easy, 1/10 = 10% yield. Typically, people apply a couple hundred basis points (fancy word for 1/100th percent) to account for the risk between a stock and a bond, but of course it depends an awful lot on which stock or which bond. For the riskless rate, let's apply 3.5% premium (350 basis points) to compare a treasury to a company we think is very safe). 1.6% 10yr Treasury + 3.5% premium gives us 5.1%. So the hurdle (rate which we must beat) for the stock to be a better deal than the treasury is a 5.1% yield. What is this in P/E? Just invert. 100/5.1 = P/E 19.6 Now you can decide things like "Do I think interest rates (and treasury yields) will go up the next year or two? Maybe I want to give myself more room to account for this. Maybe I want to hunt stocks under 15 P/E, or 10 P/E, etc. There's more nuance, but this is how intelligent people approach the process. Definitely read Security Analysis, cover to cover, at least once.

i6askd

A complete newbie’s step by step guide on the property buying process

I just wrote this on another thread as a comment. But I think it’ll go wasted as a comment so I’d like to share this here for complete newbies to reference. Please note, this might differ from state to state. I’m speaking from experience in VIC in the year of 2020. It can be more simple or more complicated as not all sales are the same. But here’s a general idea: 1. You contact a bank or a mortgage broker to help you get a pre-approval. The bank will assess your financial situation. That’ll give you an estimate of how much you can afford to purchase. Try to get all your finance assessed as much as you can during pre-approval. The pre-approval will take into account your situation, including any government grants/deposit/gifts (my situation), then based on your income and job history, credit rating, and other lending criteria, the bank will provide you with a number they’re comfortable lending you. Using this number (the loan amount + deposit + give it some room for additional fees - conveyancing, building inspection, any stamp duty or title transfer if the bank is not paying those, etc. I had a room of about $10k just to be sure, but this is specific to my situation) you should know what your maximum budget is to put in an offer. In courtesy of u/septembers57: Pre-approval is the amount up to which the bank will lend to you, but it is also dependant on what the bank evaluates the property you intend to buy is worth. For example, you can have preapproval of up to 600k, but the bank evaluates the property to be worth 580k. Therefore, they will only lend you 580k. 2. Once you got a pre-approval, you can start looking at properties, inspect, negotiate, review contract of sale. When you’re inspecting the property, make sure you check everything. I mean everything. Turn on every single button/tap/machine you can find. Check for scratch/cracks on the walls. Is the exhaust fan working? What about all the lights - inside and outside? Are the doors working? Can they be closed tightly? Oven, dishwasher, range hood, are they still working? Is there any damage? What about cupboards? Are they intact? Any sign of pest? If possible, pay $400 for a building inspector to thoroughly inspect the property for you. This is expensive, but is much less expensive than having to fix all the defects yourself down the track. I also strongly recommend to have a conveyancer to review the contract. They will point out clauses that are strange/not standard, tell you what they mean, and you can ask for recommendations. If you want to negotiate anything here, this is also the step. Your conveyancer will help you put those conditions in the contract of sales. I recommend to put the subject to finance clause and subject to pest and building inspection clause. Subject to finance is to protect you - in case you can’t get an official approval from the bank for any reason, this clause will help you walk away risk free without any penalty. Same thing for subject to pest and building inspection. If the house is not of good condition and the building inspection presents that, you can walk away risk free. Please note, these will be your negotiation strategy, because if two offers come in with the same price, it’s very likely the vendor will agree to the one WITHOUT these clauses because that means the vendor is protected. If you work with a mortgage broker and they’re sure they can get you a final approval within x days, you can also put a subject to finance within x days (as a precautionary measure) to make your offer more attractive. After x days you’re fully bound to the contract and if you walk away you’ll get hit with penalty and lose the deposit. Also, you can negotiate settlement term here (30 days, 45 days, 60 days, 90 days). The shorter the settlement term, the more attractive your offer is because that means both you and the vendor will finalise the sales more quicker. But also comes with a risk - if for any reason you can’t get all your finance and paperwork done during this time and you miss settlement date, you can be charged. Also you can ask to have the withholding clause to be added here (i’ll explain further below). Please make sure everything you need to negotiate is reviewed and put into the draft contract during this step, especially if you’re buying off auction. Because in auction, there’s no cooling off period and the purchase is unconditional. If you win at auction and change your mind or walk away, you’ll lose the deposit. If you buy into an apartment or a townhouse that is a part of a body corporate, don’t forget to walk around the block or the building to check for damages on the block/building during your inspection. Make sure to check if there’s any flameable cladding as well. Also, check strata reports. The contract normally includes the body corp’s Annual General Meeting minutes (AGMs), and will tell you the BAUs of the building, any item the owner corp has agreed to pay annually (e.g. windows cleaning, caretaking, etc.) how much money is allocated to admin fund and how much money is allocated to sinking fund. How much money was raised throughout the year as a special levy to fix up a damage. From there, you just gotta make your own judgement. If the AGMs and the finance looks healthy, e.g. no major spending on major damage, then the building is fine to live in. If there’s damage, clarify with the body corp manager (they’ll have a number to call on the AGM). Reach out to them and ask what it is, how it happened, is it the apartment owner’s duty to fix it, or is it the owner corp’s duty to fix it through sinking fund or a special levy has to be raised. If so, how much was quoted. When will the work be carried out. Then justify for yourself, whether it’s worth living in and paying for all these damage, or walk away. Side story: I once inspected a ground floor apartment that has a big crack on the wall. And it’s a step crack so it identifies structural damage. When walking around the building to inspect, there are cracks in other apartments as well. The building inspection came back saying that it was because the garden bed sits right next to the walls. Long term watering caused the soil below to move, and caused the cracks to occur. To rectify, structural engineers need to inspect and provide recommendation. The garden bed needs to be removed or stablising measures need to be added. Then the building foundation needs to be strengthen, and then we can think of fixing cracks for cosmetics. In the AGMs report in the past 3 years, nobody has mentioned anything about it. So I went further and use the login credentials in the AGMs report to log into the body corp’s portal and read reports in the past 10 years. Nobody has mentioned anything about fixing the cracks. I pulled out because in my personal opinion there’s no way in 20 years time I wouldn’t be whipping out big $$$ to fix that building. And the cracks are so obvious, so if nobody has ever mentioned it, this means the people living in that building seem to not care. Who knows after putting all your life saving down, it’s not suitable to live in and we’ll be forced to vacate and lose a home. Even if I move in, I still need to raise the concern with the owner’s corp, get their agreement to carry out the work, and then money will be raise to fix it. And that doesn’t mean everyone will agree to fix it because some of the apartments are not cracking so they won’t be willing to get the money out. Too much hassle for me so I walked away. The apartment ended up selling 25k more than I could afford though. Guess we’re not meant for each other. 😕 In courtesy of u/septembers57: Be VERY CAREFUL of the wording about being subject to a building inspection. You need to be specific that it is subject to the building inspection being satisfactory to your liking, otherwise the clause is meaningless if there is no significant structural issues to be addressed. A building inspection is worth it’s weight in gold, or alternatively get a builder, plumber, and electrician friend to look at the house for $$$. Also, find a conveyancer before you find a property. They’ll talk you through the wording of how to make sure you aren’t taken advantage of by the real estate agents. 3. If you have to go through auction, and have had your special conditions reviewed and amended by the conveyancer, send the contract of sales back to the vendor. If the vendor is happy with your conditions, they’ll proceed with your contract of sales if you win at auction. Normally what you can negotiate in an auction contract is just settlement term or deposit % or strike out some weird conditions that are not on the standard contract. Be aware that if you win at auction, you’ll have to sign the contract straight away and the contract is unconditional, so subject to finance clause won’t apply for auction contract. You just have to hope your finance game is strong and the bank will lend you the money enough to pay for the price won at auction. That’s why it’s important to know when to say no at auction. Otherwise, if it’s a private sales and both you and the vendor are happy with the contract, you will then sign and exchange contract. This is when the contract is executed. The contract of sales will also tell you on what date settlement will happen. The REA will send you details of their trust account, and the amount you need to pay. Normally 10% of the purchase price, and you’ll have to make this transfer. If there’s a limit on your transfer, ring your bank. They’ll temporarily increase your transfer limit for 24 hours. 4. After you’ve got the executed contract of sales, bring that to the bank/mortgage broker to apply for the final approval. Provided the bank hasn’t tightened their credit policy, the closer your finance situation now to what it was when you got the pre-approval, the higher the chance you can secure the approval. Also, if you have a subject to pest and building inspection clause in the contract and haven’t organised a building inspector yet, organise a building inspector at this stage. If the building report comes back not satisfactory, this is where you can pull out. Again, this is not applicable for auction. So, get the pest and building inspection done and justify whether you still want the place or not before decide to fo to auction. To book a pest and building inspection, provide the building inspector with the REA’s details and the property address. They’ll organise an inspection and come back and write up a report for you. 5. At this stage, you’ll do a lot of paperwork. The bank will ask for your IDs, payslips, bank statements, and send you a loan document to read and sign. Make sure to read and understand all. The loan document will also tell you how much they’ll pay on settlement. Please note, at this stage the bank also evaluates the value of the house. If they think the purchase price is ok, they’ll lend you the loan amount. If they think the house worths less, they’ll only lend you whatever they feel comfortable with. You will then need to organise the shortfall on settlement yourself, or find another lender that’s willing to lend you more. This happens more frequently during off the plan purchase. If the bank rejects, and you can’t find any other bank that is willing to lend you, the subject to finance clause will protect you at this point so you can walk away. 6. Once you’ve signed everything, then they’ll grant you a final approval. Now there’s not much you can do except for waiting for settlement to happen. 7. During this period, your conveyancer will help you prepare documents to transfer the land title to your name and help you calculate the final amounts to be paid on settlement (the settlement shortfall). This settlement shortfall includes outstanding body corps on a pro-rata basis (if applicable), any fees and charges proportionately, council rates, water rates, land and title transfer fees, any government grants and stamp duty concessions and the remaining of the deposit. If there’s a request from the vendor for early release of deposit from the REA trust account, your conveyancer will get you to sign form to release it. You’ll have to release it at the end anyway, so if you don’t see any need to withhold it in the REA’s trust account, you can release it early as a nice gesture. 8. A few days before settlement - depending on where you are, you’re entitled for pre-settlement inspection to ensure the property is of the same condition as when you signed the contract. Contact the REA and arrange that. 9. If you discover any defect, immediately notify your conveyancer, so they can get in touch with the vendor to rectify. Perhaps when the REA moved the staging furniture out, they left scratches and holes on the wall. If the defect is huge, this might delay the settlement. If the defect is small, then ask for a compensation (as an adjustment on settlement) or withhold the money on settlement. I know in Victoria you’re entitled to withhold up to 5k on settlement to fix for damages (of course if the withholding clause is on the contract - on a standard contract, it’s always there, but some vendors will choose to remove it to protect them). At this stage, the contract is unconditional. You can’t walk away anymore. So make sure you sort everything out before settlement. 10. 1 day before settlement, the conveyancer will send you a final calculation on how much you need to pay on settlement. If the bank pays all of this amount and you don’t need to pay anything that’s fine. If you need to pay this amount to the bank, your loan document should already tell you how, normally they’ll have a section to direct debit that amount from your account. Otherwise, this settlement shortfall has to be paid to the conveyancer’s trust account. If this is the case, make sure you ask your current bank to do a RTGS transfer (Real Time Gross Settlement). This means they’ll transfer a large lump sum of money to the receiving account on the same day. Otherwise, if the money takes a few days to clear, settlement can be delayed and you can get charged. 11. On settlement date, if you do online settlement, you don’t need to do anything. The people from your bank with meet up with the vendor’s bank to finalise paperwork and exchange money. 12. Once settlement has gone through, the bank will notify the conveyancer, the conveyancer will notify you. The vendor’s bank will notify the vendor. You can then meet the vendor or the REA to pick up the key. Good luck. Note: never assume your purchase will be risk-free. Always be proactive and reach out to the relevant parties to check on progress and what you need to do next and make sure you’re on top of it. Someone misspelling your name at some stage or changing your gender on the Land Title Transfer (happened to me) can lead to a disaster down the track. That means settlement can be delayed, and you’ll end up paying big $$$ on fees and charges. Or if property is wrecked one day before settlement... I’m sure reddit doesn’t lack of settlement horror stories. I once read post somewhere saying that someone’s future home was broken into by a group of bogans and the property was turned into an orgy fuck fest and was filled with piss, cum, needles and blood... Edit: here it is https://www.reddit.com/r/auslaw/comments/em2lza/settlement_crashing_horror_stories/fdlwwdd/?utm_source=share&utm_medium=ios_app&utm_name=iossmf EDIT: Some words. Please pardon if I made any spelling mistake. English is not my first language. EDIT: updated step 2 and 3 so they’re more relevant in an auction scenario. Also updated step 7 on early release of deposit. Step 9 on pre-settlement inspection. Step 2 on pre-purchase inspection. Step 4 on building inspection. Step 1 on what pre-approval might look like. Step 2 on strata meeting minutes and step 3 on auction contract EDIT: Thank you kind user for gifting me my first gold ever 🙏🎊🥰

AusFinance

Where was this two months ago when we first started the pre approval process?! Im a relatively smart 31yo and I feel like a fucking dumbass still about all of this stuff. Can I add something? HAVING A GUARANTOR DOESN'T MEAN YOU DONT NEED A DEPOSIT. Somehow me and the husband and our guarantor werent aware of this. We figured since the mortgage was for the full amount of the house that 10% of the loan would released when we exchanged contracts to pay the deposit. NOPE. You need to front up the deposit and the bank will 'pay you back' when the house is settled. So for that 6 weeks or whatever you need to be OK being out 80K or whatever the 10% deposit price is. We felt so stupid. But then started hearing of lots of other people who got caught in the same position. So even though for professional adults this probably sounds like something really obvious, its actually not until you get caught out. The REA and our conveyancer had even been like 'so, you have your deposit?' And we'd be like 'nah we have a guarantor' and they'd just sorta nod along like that made sense. Nobody explained it to us until the point where we actually needed to pay the deposit.

n2w7o9

Homes are selling insanely fast, with some going $1-200k over asking price. What does that mean for the future?

I'm not involved in real estate much, but I can't help but think that heavily over-paying on a property (which, granted, is a long-term investment) seems a bit crazy on the surface to me. Many are paying cash, waiving appraisals/inspections etc just to get to the top of a list for property listed 48 hours ago. I'm in the US, and I'm a bit familiar with how much foreign investors are at play. Is this just a potential recipe for another major bust, or is there more to this story than I understand?

AskEconomics

Like many things it depends and it's very regional. In some places it's driven by market forces and low supply especially around major metros and tech hubs, places like Florida have the usual influx of retirees plus new younger home buyers. Finally a few mid west or more middle America are seeing an uptick as WFH professionals seek to maximize their housing dollars. There's also a lot of investors looking to gobble up prime real estate either to flip or keep as long term investment. Lots of the frenzy is built on a combination of factors mostly due to the low interest rate environment, pent up demand from year of COvID ,more workplaces offering more flexible wfh arrangements and increase in millennials ready to settle down. .. No one knows if this is a bubble, because it's very different than 2008 , some regions could be in bubble territory depending on what happens when the moratoriums end, others could just be the new normal.

kckr24

Why do most day traders lose money, what do they do wrong?

I've heard from a lot of people that say day trading is a very risky career choice because most day traders lose money and it's not worth it. Why is this so, why do most day traders lose money and if "most" lose money then there are those "some" that are doing well. So what do those day traders do so well that they've capable of having successful day trading careers as opposed to the "most" day traders that fail?

Trading

Risk management is the main differentiating factor. Due to human nature/psychology and whatever you wanna call it, most just simply aren’t able to do it. Someone can 99 good trades with solid consistent profits, get greedy on the 100th one thinking they can 10x their money in a jiffy, and lose everything they had made in those first 99 trades in that one 100th trade. This sort of thing happens all the time and it can happen to anyone, no matter how well disciplined they think they are. Those who end up surviving are those who literally manage to ‘survive’ without losing their entire account for long enough (at least a couple of years at the earliest, if not more) while they navigate the learning curve and hopefully come out ahead. But it’s rare and most will either lose a substantial amount of money and give up and/or decide that they would’ve actually made so much profit had they just bought and hold some good stocks and/or index funds during all that time, and just go back to doing that (which is ultimately the safest most reliable way for anyone to make money in the market, buy index funds and/or some solid blue chip stocks, keep contributing cash to the account as possible, and forget about the account for a few years). Right now, there’s tons of traders in the market who started trading after the March crash. Things have gone up since then in the most historic bull run in the market’s history. Someone essentially could’ve closed their eyes and pull some ticker names out of a hat and most likely they would’ve made money on them in the last few months. So there are traders out there who feel they’ve figured out the game and it’ll be smooth sailing from here. We see this type of posts all the time, like ‘check out my $500 to $5000 in last 3 months’ type of stuff. One semi-major speed bump in the market (which are inevitable from time to time) and most of these traders will be wiped out, and the cycle will begin again. Those who have been around longer always take the market with a healthy dose of skepticism and try to have their ducks in a row as much as possible, but that doesn’t mean they also aren’t susceptible to being wiped out if the perfect storm comes around. Good luck to all!

lgzy6j

Why $FLT$ (Canadian Stock, TSX) is the next stock to blow up, and why I'm all in.

**Overview** Drone Delivery Canada Corp is a developmental technology company. It focuses on designing, developing and implementing a commercially viable drone delivery system within Canada. *** I've been riding this stock ever since I bought it a few months ago at 60 cents, it's at $2.50 today and only going further up. These guys are the leaders of drone delivery in North America. As we progress more in the future, drone delivery is going to be more of a viable thing. As of right now it's mainly delivering goods to first nations, cargo ships and other places that are hard to reach. But in the futre, **as soon** as Amazon even glances at the company it will rocket. I'm almost certain a big company like Amazon will pick them up and once that happens, it's going to explode. *** **Market Cap 526.66M** **Volume 3,807,997** [Quote Data](https://www.baystreet.ca/quotedata/FLT-CA/detailedquotetabchartnews/) ***

Canadapennystocks

guys, it's not just about small drones delivering packages from amazon. At this time DDC is targeting industry, not individuals. And their drones and packages are not limited to 'small'. Their largest drone, the Condor, has a payload capacity of 400 lbs and a range of 200 km. They're doing quite well right now with growing their business in the scope just discussed. Letters of intent, vaccine delivery contracts, and no reason to stop growing. But if we're going to talk about long term potential, it's not limited to delivery of packages either. DDC has **goodwill and trust** from regulatory bodies. There aren't many companies doing what they're doing, and no one knows how to regulate airspace. DDC now has a track record of doing it, and maintains their open cooperative relationship with Transport Canada and other regulatory bodies. So when other countries start thinking about how to safely integrate drones into their airspace, who will they come to? Finally, in my opinion they should be nicely positioned to expand into other areas with the expertise they develop from operating the package delivery drones. Human transportation (air taxi) drones, and industrial inspection and maintenance are examples of adjacent industries that have great growth potential and not a lot of competition. DDC will have built expertise that can pave the way there. Point being, they're not going to be limited to delivering packages. Not sure if they'll just spin off another company if they decided to do that... they are called Drone Delivery after all. It's just my take on it. In for 2214 shares $1.16 avg.

9az2w9

IRS will allow employers to match their employees' student loan repayments

https://www.marketwatch.com/story/irs-ruling-allows-401k-student-loan-benefits-2018-08-27 The IRS is setting up a framework for companies to match their employees' student loan repayments in the same way companies match 401k contributions. This will be cost neutral for the employer (edit: as in, it would not be more or less expensive for the company than traditional matching). Edit: the employer's match would go into the employee's 401k account. According to the article, employees with student loan debt accumulate 50% less wealth in their retirement plans (by age 30) than their peers without student loan debt. I think most of us with student debt have at one point or another felt "behind". Thoughts? This is definitely a cool idea and would be a great hiring incentive/perk. Edit 2: due to the popularity of this post, I wanted to remind everyone of some of the rules on our sub. >We don't allow: • Moralizing issues • Petitions • Political discussions • Political baiting • Soapboxing This is meant to be a discussion of personal finance, debt, and retirement savings, not a meta review of the pros and cons of capitalism. Please keep things on topic. Edit 3: Since a lot of people are confused, I'll explain how a 401k match works. A 401k is a retirement savings plan that came into popularity as pensions fell out of the mainstream. The 401k is a tax-efficient vehicle to invest your money for retirement. Like the pension, employers can contribite to their employees' 401k plans as a benefit. This is usually done via a matching mechanism: I contribute 4% of my paycheck, and my employer matches that amount. Matches are almost always capped. With the method laid out in the article, you would be able to make qualified student loan payments and have your company match that amount as a contribution to your 401k, up to a certain amount. So say you make $2000 per month, your employer matches 5% of your 401k contributions, and your monthly minimum loan payment is $1000 (in this example, you have a lot of debt). You aren't contributing to your 401k currently. If your company chose to take advantage of this program, they would put $100 ($2000*0.05 match) in your 401k each month you made a payment on your student loan. This doesn't "hurt" people without loans. This is only subsidized by the government insofaras the 401k is tax-sheltered (you still pay taxes on that money), and this doesn't constitute your company paying your loans. Participation isn't compulsory.

personalfinance

Well that sounds fascinating! Just to make it clear for anyone who may have been confused as I was when reading the post before the article, the matching contribution from the employer would go into the employee's 401(k) and not go towards repaying the student loan. In that way whether the employee chooses to put money away towards their retirement in the 401(k) or to pay down their student loans, it is simply treated equivalently in giving 401(k) matching contributions from the employer. I look forward to seeing if employers start to adopt this!

xpq461

29 years old and $129,000 in credit

Just kept opening 0% credit cards for liquidity purposes when times where tough opening my practice. Now seems I have $129,000 absolve credit (0% usage)! With an income of $60,000/year and 2 installment loans adding up to $1,500/ month. Any ideas on how this liquidity would be helpful? Is this good to be giving so much credit to our population? Our youth?

Money

its not really useful. they want to extend credit so they get swipe fees and hopefully interest from you i had 120k on a 65k income, its not really crazy keep it good and when it comes time to borrow, you'll get a good rate. that's about it

o5sru2

Seriously, just be nice.

Look, I don't want to open a can of worms here, but I'm seeing an increasing amount of people on here who are waging classism against other posters. Snide remarks like "you seriously can't afford an extra $100?" or something to that effect. I then start to wonder if some of the posters here aren't anywhere near poverty and just use this sub as a way to look down upon others either as a form of ego boosting or just pure hatred of the lower classes. I grew up poor, my dad grew up even more impoverished. He lived in a house without running water, and didn't even get electricity until he was a teen, this was only 1962! My point is that poverty, like anything else, is a spectrum. There are people on here who are either facing homeless or homeless, people who have a roof over their heads, but have to decide between paying the power bill and having a full stomach. People who can do both, but risk overdrawing their account shortly after they get paid. Or people who don't worry about overdrawing, but are always a few hundred bucks away from being overdrawn. Everyone on here is looking to better themselves. You truly cannot eliminate poverty, it has existed in pretty much every society, for thousands of years. No one here is looking to game the system, or freeload and not work a day in their life, we all want to just have a basic standard of living, and I don't blame anyone for wanting to. $100 can be a life changing amount to some people. To others, they can spend it without even thinking twice. But no matter where you sit financially, it's never good to judge the people financially below you, it's not good to judge at all really. If you don't have something positive to say in response to someone's post, just keep it to yourself, hit the back button and be a bigger person.

povertyfinance

I pretty much have to choose between gas(I deliver food) or food every night. An extra hundred bucks would ease that for a long while. I think I have 20 cents at the moment. I really appreciate this, at least that someone has enough perspective to not be incredulous when someone genuinely has almost nothing. Edit: Thank you everyone for the advice and offers to help. I appreciate it more than you can imagine. Have a good day y’all.

6mysn8

We're becoming r/bitcoin

I see insightful posts get downvoted only because they lack a complete faith that eth isnt going to recover instantly. Pointing out that we reached the moon to people who bought in last month asking "Wheres the moon!?" is met with downvoting, as is pointing out we were in a bubble and it popped. (definition of a bubble: 50% drop in price in 6 months or less. We did it in one). Someone asked if buying at 400 and holding was a mistake. One reply said "We probably wont see 400 again this year, but youll make money if you hold longer than that", implying a positive outlook as we rally into next year. stands at -4 karma The reply to that just says "I think well definitely hit 400 before the end of summer." +8 On a technicals post from today we had this: http://imgur.com/a/4ziPQ Dude who didnt read the chart but is pretty sure that up arrow at the end is awesome: +53 Dude who read the chart and understands that arrow isnt predicting price, but has reason to believe things will look great in a very short time anyway: -5 This forum has been a great source of joy over the past 9 months, but its on its way to being a cult similar to /btc and /bitcoin. No where near that toxic yet (the mods here are great and dont censor bad press), but I worry it will continue to decline. The forum is flooded with bandwagoners who have no idea what anything going on with Ethereum is and (the important part), have no interest in learning. Thoughts, rebuttals, lamentations, downvotes?

ethtrader

I see this forum like any other form of social media. The more it gets views, the more shit you gotta filter through. Facebook is 90% FOMO and FUD, same with Twitter. Sure, this is a sub sub sub section of an alt underground whatever, but when the show on Netflix talks about the thing you can buy that's cheaper than BTC, we're gonna get noob floods. I was a noob. So were you, I assume. So, I agree that we should not become a predictable cult, but a great part of the reason I bought ETH over BTC was, oddly enough, discovering this forum while searching for Coinbase help. The BTC forum looked like a warzone. This place had a nice Russian kid and lambos.

lalucf

I suspect the hedgies are illegally covering their short positions

TLDR; **Melvin and gang hasn't covered shit. They've been illegally "closing out" their short positions and if we hold they will 100% get fucked. There is far more nefarious shit at play.** So this morning I saw the S3 and Ortex data both report significant covering of short positions for GME. This absolutely threw me for a loop because Friday morning they reported above ~120% short interest still. I could not for the life of me figure out how someone could close >50% of short positions on such a tightly held stock in ONE day with very little trading volume in the week. This got me digging around to figure out what's up. I started by looking into GME failed to delivers (i.e. short sellers not able to cover their position on a stock) for the first half of January and I was shocked to find that just in the first 15 days of Jan, GME had ~1.2 MILLION failed to delivers. This is before most of wsb or mainstream began buying. What was interesting though, is that of that ~1.2million, ~700K shares were covered in chunks throughout the two week period. I dug further back into the SEC failed to deliver reports for GME and saw that pattern extending back months. It seemed almost as if the short positions were just being kicked down the road. Having spent some time looking at the pattern, it's clear a large amount of failed to delivers come in, then a small chunk of coverage, then another large amount, and so on. To me this looked shady af so I looking into reasons that could cause that and discovered this article: https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf In it, a specific section is eerily similar to what we've experienced with GME: "Assuming that XYZ (e.g. GME) is a hard to borrow security (e.g. apes holding strong), and that Trader A (Melvin), or its broker-dealer, is unable (apes again) to borrow shares to make delivery on the short sale of actual shares, the short sale may result in a fail to deliver position at Trader A’s clearing firm. Rather than paying the borrowing fee on the shares to make delivery, or unwinding the position by purchasing the shares in the market, Trader A might next enter into a trade that gives the appearance of satisfying the broker-dealer’s close-out requirement, but in reality allows Trader A to maintain its short position without ever delivering on the short sale. Most often, this is done through the use of a buy-write trade, but may also be done as a married put and may incorporate the use of short term FLEX options. These trades are commonly referred to as “reset transactions,” in that they have the effect of resetting the time that the broker-dealer must purchase or borrow the stock to close-out a fail. The transactions could be designed solely to give the appearance of delivering the shares, when in reality the trader has no intention of meeting his delivery obligations. Such transactions were alleged by the Commission to be sham transactions in recent enforcement cases. Such transactions between traders or any market participants have also been found to constitute a violation of a clearing firm’s responsibility to close out a failure to deliver." It's almost like a play by play of what we've seen (in combination with the ladder attacks). My guess is we'll find out more when the failed to deliver report for the second half of Jan comes out on the 17th. I 100% think that Melvin is committing massive securities fraud. In fact, I would bet all my money on it - oh wait, I did 96 GME @ 290. I am now holding on principle to see these fucks fail. More DD: https://www.reddit.com/user/bcRIPster/comments/labq6u/follow_the_crumbs_gme_exposed_the_meta https://www.sec.gov/data/foiadocsfailsdatahtm Not a financial adviser, I eat paint chips for dinner EDIT: Ok, so I've been reading some comments and I wanted to clear a couple things up: * The failed to deliver number is reported cumulatively. So if you sum everything for the Jan time period it'd come out incorrectly as 5 million. What I'm doing is summing all the *debits* to get an aggregate view of all the failed to delivers in the time range. This process is validated and discussed in other /r/wsb posts * I know ETF's could have been redeemed by some MM's to gather up GME stock. However I'm not convinced there is enough GME held in ETF's to be a significant factor. Someone in the comments reported this amount to be about ~10M. We would know if a bunch of ETF's rebalanced and dumped GME. * My number for the Ortex short interest was incorrect, I got mixed around when I wrote this initially. The short interest reported by Ortex on Friday morning was ~80%. The 120 figure for S3 was correct. * Please checkout the linked DD - it goes into much more detail and covers things far better than I can. * Share this post and the related DD. We need to hold wall street accountable if this is true and I think that starts by spreading the word. * I'm going to continue to dig into this tonight / tomorrow. Look forward to a new post tomorrow evening. If I take an L to 0, I take an L to 0. I don't invest what I can't lose. But you can bet your ass I'll be holding till this blows open. WE LIKE THE STOCK 💎🖐️

wallstreetbets

Thanks for doing this research. Fascinating. I agree that if I were in the shorts’ shoes, I’d risk fines or a country club 6mo prison sentence for the chance of salvaging any of my multi billion dollar fortune.

cz4jkl

McDonald’s is spending nearly $1 billion in 2019 to add ordering kiosks and other tech to stores.

https://www.cnbc.com/2019/08/29/fast-food-restaurants-in-america-are-losing-100percent-of-workers-every-year.html Not big news but with McDonald's moving towards automation does that increase revenue due to not having to pay people who take orders? I know there will have be money being spent on upkeep of the kiosks but it has to be much more profitable than paying workers right? Is McDonald's a buy?

investing

IMO the money here is the ability for the kiosks to upsell compared to humans taking your order. I'm sure they have data showing the average order size is larger through a kiosk than human. Kiosks let you browse the menu better and with photos of all items, they can try to upsell you to make it a meal, upsize, etc 100% of the time, they can push promotions and specials, they encourage browsing more of the menu as there's less of a time crunch to complete your order. All around I think it's a great move for the long run.

nik77t

Wire Fraud is REAL

So I’m closing on my first rental on 6/2 and I got an email from the title company yesterday saying that due to the pandemic they insist on getting the wire transfer complete well before closing. The email stated that they will sending wire instructions soon and they won’t be available to talk because she was very busy that day. The email title had my property address and an official looking signature line. I was like “ok makes sense” but also they haven’t even appraised the property yet so I don’t know what the Cash to Close would actually be just the estimate. They sent the wire instructions a little while later. Now my mortgage broker has sent me some generic emails a while back about wire fraud and to always confirm wire instructions over the phone. So I did that, well the title company never sent me any emails that day!! The email signature matched perfectly but the email address with totally fake. THANK GOD I called to confirm or I would have been out 50k and likely never have tried real estate investing again. Moral of story- always call to confirm wire instructions and I would also say independently confirm the telephone number of the title company before calling.

realestateinvesting

Whats scary as well is that someone in the chain, likely the closing company, is still completely and actively compromised and they have no idea and are just happily operating away with all sorts of money flying around. If its the lender/LO it means they likely have a bunch of data like SSN/bank info etc. Just thinking about how common this is at our level, then much bigger levels like that pipeline company, the amount of compromised systems is just insane.

m5rwqe

How I research stocks from idea to buying decision

I'm **not** an investment professional or regulated to give any form of advice, so this is only how I do it (and not necessarily the best way). I am sure there are plenty of people who can offer some constructive criticism. Thorough stock analysis is something people should do before buying any stock for investment. I've done the classic story stocks, jam tomorrow etc, and now looking to build some investment positions for the longer term. I have a 15 step process which I'll explain in detail: ​ 1. Find an idea 2. Find the market capitalisation 3. Analyse the chart of the stock 4. Read the recent RNS announcements 5. Check the stock's EV 6. Check the stock's PE 7. Check the company website and AIM Rule 26 8. Look at the income statement 9. Check the balance sheet 10. Understand the cash flow statement 11. Identify any sector headwinds/tailwinds 12. Understand how the company makes its money 13. Identify the drivers of the business 14. Research the company's competition 15. Check the broker forecasts ​ **1. Find an idea** This can be from anywhere. I was surprised at how often ideas came from real life - I once got a Gear4 Music speaker from my parents for my birthday or Christmas - when I checked years later the stock had multibagged. I thought it was a cool product but didn't follow that lead. As Peter Lynch says "Behind every stock is a company - find out what it's doing". Ideas can come from new brands/shops popping up, friends talking about works, the news, and more. For example, the Guardian reported that many bars are already fully booked up for months. That suggests to me there will be a large tailwind in the hospitality sector with pent-up demand, so I may look to try and trade this. ​ **2. Find the market capitalisation** This is important because elephants don't gallop. It's also harder to get an edge on larger companies, as there will be several teams of analysts covering the stock in detail. The smaller companies get less attention, therefore the opportunity to outperform is greater (but risk also increased). The calculation for market cap is simply share price \* shares in issue. I'll rarely look at stocks above £250m market cap - at the moment there are lots of small cap stocks that have slashed costs and are now leaner than they were pre-Covid. ​ **3. Analyse the chart of the stock** Lots of investors say that charts don't matter. I find that hard to understand as the price charts tells me the money-weighted opinion of the stock over a period of time. I avoid charts that are trending downwards. Look for stocks trending above the 200 SMA and where the price is pointing upwards. ​ **4. Read RNS announcements** The goal here is to understand what has been happening recently. Check the results, or trading statements, and read the narrative.  It’ll always sound positive, but there are always clues: * A focus on highlighting revenue or EBITDA growth may mean the business isn’t as profitable as directors would like it to be * A mention of a ‘step change’ or turnaround could be a lead to dig further * Recent directorate changes could signal an underperforming board being replaced by new faces Only by reading the RNS announcements do I feel I can begin to understand the story and start making sense of the share price chart. For example, a profit warning several months ago would explain a gap down in the share price and continued downward slump. ​ **5. Get the stock's EV** EV is Enterprise Value. This is simply the market cap plus debt minus cash. There are other more conservative EV calculations but this is the one I use. It's a quick way of checking whether the company has plenty of cash or plenty of debt, or evenly balanced. For example, a company with a negative EV has more cash than its debt and market cap! Companies with discounted EVs compared to market caps show the company has net cash rather than net debt. Debt isn't always a bad thing but high debt companies I'll tend to steer clear from. ​ **6. Calculate the PE** The PE is the price-to-earnings ratio for the stock, and the earnings multiple of the company (PE ratio = share price/earnings per share). For example, a PE ratio of 5 would tell us that the market currently rates the stock at a 5x multiple of the company’s earnings per share.  It also means that - all variables remaining constant - the stock will take 5 years for the company to earn its share price in earnings. The P/E ratio tells me the sentiment of the stock. A stock rated at 40x earnings is highly valued by the market, and a stock rated at 5x earnings is rated cheaply. One issue with PE though is that it doesn't factor into the earnings growth rate. Paying for a company at 30x earnings may be a bargain if it is growing its earnings at 50%. However, this doesn’t mean that the market is right. We may wish to check the price/earnings to growth ratio (PEG ratio) which is the stock’s PE ratio divided by the company’s growth rate in earnings per share.  A fairly valued stock for its growth rate of earnings will give a PEG ratio of 1. Anything above could be considered to be overpriced, and anything below could be considered to be underpriced. Hence why I prefer numbers close to 1 and below. ​ **7. Check the company website and AIM Rule 26** The most important parts I feel here are: * Significant shareholders * Directors * Annual report *Significant shareholders* The shareholder register is important. Any notable institutions or individuals with a good track record here are signs of interest. If there are few institutions this can be a catalyst in the future if institutions decide to buy. *Directors* Directors are a big part of small cap stocks. What I look for here: * What companies did the directors work at before and were these companies successful? * What size were these companies? If a CFO makes a huge jump he could be out of his depth * Were these companies listed and did they deliver shareholder value? * How many non-execs and do they sit elsewhere? Are they busy directors? * What do the directors pay themselves? Is this excessive? * Does the company have **entrepreneurial management?** The last bullet point is what I'm most interested in. A director who has successfully turned around companies before and has a track record is someone I'd like to see in a potential turnaround play. *Annual report* The annual report is rarely read by investors. This contains a lot of the information management doesn't want us to see for that reason. The financial notes are a must-read, as are the chair and chief executive statements, the remuneration report, the segmentation for revenue, risks report, and the audit report. I read annual reports from start to finish. ​ **8. Income statement** Here, I want to see the revenue increasing, as well as a strong gross margin. The number I most look out for as a comparator is operating profit and EBIT (these will usually be the same as operating profit includes minority interests). EBIT is an earnings number before those with interests and taxes see claims. I also look for administrative expenses. These should be relatively flat or slowly going up, or even better going down. A company that grows its sales but also sees its admin costs rise relative to revenues is not going to go far. Keep an eye out for share-based payment charges. I've heard one management team tell investora to ignore these - you shouldn't because SBP charges have real consequences. These shares dilute investors (the owners of the company). Profit after tax is the bottom line and the line that really matters. Be careful companies aren't reporting 'exceptional' costs every single year. Companies that do will report 'adjusted profits' which are always better than the real profits - or lack of them. ​ **9. Balance sheet** I check the cash balance here, as long as payables and receivables. I don't want to see receivables growing much faster than payables as that means cash is spending less time out of the business. With smaller companies it's inevitable but poor cash collection can lead to cash calls such as discounted placings. Current and non-current liabilities are always worth checking too. Debt is not a bad thing if it's manageable and even has certain advantages (tax shield). NAV and NTAV also worth checking to see what the company is worth in real terms (net asset value). Be careful with NAV because one company decided to capitalise its drilling costs as an asset (despite the company drilling and finding nothing) which fluffed up the NAV price. This is why I like NTAV as it only looks at the tangible asset value. ​ **10. Cash flow statement** Check the cash flow of operations to see whether the company can generate enough cash to keep itself going. Cash is the lifeblood of the business and more important than profit. Also, check the investing cash flow statement to see what the company has been doing in the financial year. There will likely be capex but is this for maintenance or growth? Maintenance capex keeps the company bumbling along whereas growth capex is for growth. If we want to go deeper than check the depreciation and amortisation policies too. Many a profit has been overstated by management teams using discretion here. The financing cash flow statement shows how a company has financed itself through the year. Large inflows here often mean dilutive share placings (but not always). ​ **11. Identify the headwinds and tailwinds** Smaller companies will be more affected by these than larger companies. Sector environment - if it's involved in commodities then what is the outlook here? Global outlook? Regulatory environment - what are the regulations like? Are there pressures to change these? Economic environment - important for consumer facing business. What is discretionary spending looking like in the next six and twelve months? If the company operates in another country, what is their economic environment looking like? Other things to consider are interest rates. When the cost of capital rises, the risk-free rate increases and so stocks become less attractive and bonds more attractive. Finally, political environment - mining companies in Africa? Can their assets be seized? Stocks operating in unstable or unusual countries tend to trade at discounts. Sometimes for a good reason and sometimes for no reason. ​ **12. Understand how the company makes money** This one sounds obvious but if I can't understand how a paying client gets value out of the stock's offering and how that cash moves through the business into profit then I don't buy it. If a business is too hard to understand then there might be a reason for it. Or maybe I'm too dumb. But I don't take that risk. I like technology stocks and I'll never understand how the technology itself works, but as long as I know what it does and how the customer gets value out of it, that's what matters. ​ **13. Identify the drivers of the business** This is where I look to see how the company can grow its earnings or justify a re-rerating. Lots of companies are listed on AIM but never achieve the scale and size to hit the inflection point and start growing significantly. Potential drivers include exiting a loss-making subsidiary, fast-growing product or offering, new board and management, change of strategy and business model etc, bull market for commodities.. ​ **14. Research the company's competition** I use Michael Porter's Five Forces here and think about the threats from the existing competition, but also from suppliers and buyers, substitutions and new entrants. Smaller companies can adapt to threats much faster but are also more vulnerable to destroyer pricing. The company needs to have an edge to beat the giants. ​ **15. Check the broker forecasts** Don't place too much value on broker notes. This is because you never bite the hand that feeds and so you'll never get an objective view. But broker notes can be useful in understanding the business better but also checking the forecasts. Earnings upgrades are key drivers of a stock price and if the company is on track or has a good chance of beating the consensus forecasts, this can be a catalyst for the stock price to move up over time. ​ **Conclusion** I realise this is a long post, but I think I've covered most things I look at. Interested to hear what you look at or what I should pay more attention to. Ideally, from all of the above, I want to find a company for a fair price that has a reasonable chance of growing into a valuation or with a runway for growth, which has no big red flags and has capable management. I also want this to be in a stable environment where success is not too demanding, and there is little broker or institutional interest in the shares. If you're interested, please check out my blog on the UK stock market: [www.shiftingshares.com/blog](https://www.shiftingshares.com/blog)

UKInvesting

Your points are all pertinent to value investing ie longer term. The one thing I also look at first is the spread ie the difference between the buy and sell price. This can be quite big for smaller companies. Anything over 4% I would stop right there as it would cost too much just for the price to rise to break even.

n4z657

I can't believe what just happened! Got an unexpected pay raise because I joked about it.

Saturday I was at work at the grocery store. At the end of my shift my boss comes by and thanks me for helping him find mistakes in the inventory a bit earlier. I go along well with my boss, he's cool and jokes easily so I just go like "yeah you know I've become aware that this place can't function without me. My services are about to become more expensive, you pay me $7.50 but I'm more like a $9.00 employee". It was just a joke and I thought he would laugh it off but he goes "you know, you're not wrong, I'll think about it". An hour ago at the end of today's shift he told me that I would now be paid $9.25/hr. I really wasn't expecting it! As you can imagine I'm very happy about it, this is a big pay bump for me! So nice to see my hard work (and stupid jokes) recognized for once.

povertyfinance

Sometimes you just have to ask for the raise. Believe me, employers are not gonna give it to you out of the kindness of their hearts. Being a social person who can get along with people goes along way, and if you are good at your job as well, well you're gonna go places.

sbs45o

My (almost) FatFire Journey, 33F with no family money, no tech, no crypto, and no ultra high wage W2 and lots of family drama

I decided to go out on a limb and post my (almost) FatFire story in the hopes that maybe it will encourage others who do not have family money, who are not in tech, and who do not have an ultra high wage job, and also so I can look back in a few years when I am finally ready to FatFire and post an update post. I am not here to say my exact results are replicable, but just one example of how I was able to put myself on a path towards fat-fire. I think every Fatfire story also has a bit of luck involved, and this was definitely true at points for me. A little bit of background, I am a 33F who grew up incredibly poor. My parents were drug addicts and physically and emotionally abusive. We regularly had eviction notices on our door and I slept in a one room apartment with three brothers, we rarely had clean clothes and never had enough food. I was always in the gifted program and while my brothers dropped out of school early on in life (6th grade or earlier), I absolutely loved school and would make sure I was there every day as my escape. I also would read non-stop anything I could possibly get my hands on and lived in the library to escape my home. After a really bad episode of physical abuse when I was 13, I moved out. I declared myself a homeschool student and because I had already taken several high school courses at that time (along with the SATs as part of a gifted program through Duke University), I was able to go right to college at 13 as a dual enrolled student. Unfortunately, living on my own and couch surfing and being put in adult situations, I ended up being a teenage mom at 16. Despite this hurdle, I worked at night as a waitress and went to college during the day, and graduated college at 18. At 19, I enrolled in law school and graduated law school at 22, while working full time. My fat-fire journey really began in 2015 when a friend married a physician and he had owned a medical practice, but wanted to relocate and sell the practice. The medical practice was barely making money after expenses, but they agreed to sell me the practice for no money upfront and to make bi-weekly payments on a seller note. After physician payments and the seller note, there was a little money leftover and the practice began to grow at a fairly good rate. However, at this point, I made big mistake #1, I let my dad manipulate me into letting him "manage" the practices since I lived out of state and had a family and full time legal job. He basically siphoned out all of the money in the practices, he would take 90%+ of the profit as a management "fee" and then threaten me if I ever cut him out that he would ruin the practices. At this point, the profits were about $1M per year (2019), and the prior seller note had been paid off. Despite this, he was over drafting checkbooks, and we even were unable to pay a large bill that came due for the practices ($80K) because nothing had been left in reserve. I let this happen because of many years of abuse and felt paralyzed. However, in 2019, I hired an attorney to try and mediate a way to get him out of the practices while not ruining them, and even offered a very generous annual salary to just walk away. He was infuriated. Mistake #2, I did this all while I was 9 months pregnant, and he knew I couldn't travel to the practices. He pretended like he was going to go along with everything, meanwhile he had convinced the physicians to leave with him and all the patients and start a competing practice. I had a feeling something was happening (while he was telling me everything was fine), so I had my friend who sold me the practices fly back to them and see what was going on. She walked in and called me and told me the practices had been completely cleared out and emptied. As soon as she told me this, I immediately went into labor. I called a locksmith and was giving him my credit card number to change the locks as I was in the middle of contractions. My baby was born 30 minutes later in my bathroom with just my husband and I there because I had no time to get medical assistance. At that point, I had just had a baby, no income, and medical practices with no patients and no physician. I started working 20 hour days immediately. I had to file suit to get access to my Comcast accounts that he changed all passwords on (for our phone systems) as well as our Electronic Health Records System. All I had to my name at this point was $40,000 in savings. I did however, own longterm medical practices, with all the required licensing in place. I immediately started recruiting for a physician, and contacting all of our patients (who had been told our practice was shutting down). Finally, after about 2 weeks, I got a physician to agree to come into this mess (probably because a hormonal new mom was crying into the phone begging, but he was honestly my savior at this time). I immediately drove the 12 hours to the clinic site in the middle of the night, for him to start the next day. All computers/printers/equipment/even the toilet paper had been taken out of the offices, so I had to bring my baby, my home computer, my home printer, and anything I could bring so I didn't have to buy it. I arrived at 6 am and started setting up for a 9 am opening, and I was frantic. That first day back we didn't even make enough money to pay the physician his daily contracted rate, but he said I could owe it to him. There is a lot more between this and the next parts, but to spare all the long details, suffice to say I was working 20 hour days with a newborn strapped to my chest in order to rebuild the practices. I lived away from my family and my husband and I slept on a couch of a friend with my baby because I had no where else I could afford. Also, important to note that while this was all going on, I went into survival mode. I looked at my husband and said "remember when we went axe throwing about 6 months ago, it was packed and overhead was low, I have no way to make money right now so we need to open up an axe throwing range immediately." This was stupid and crazy, I admit, but I had always thought about doing it because I evaluated the potential ROI, knew they were always busy, and it was a ton of fun. We did it during a date night several hours from our home and realized that our medium sized city didn't have a range within an hours distance. I immediately started sourcing locations and submitting zoning applications. I don't even know how I did it, but in three months, start to finish, we opened our small local axe throwing range for less than $25K. I had my baby in March and we opened July 4th weekend. All the while, I was working non-stop to re-open the practice. Finally, after about a year after the birth, I had recovered, not only had I recovered, I had done better than I ever had financially because there was no "manager" siphoning off the majority of profits. But to be honest, I was EXHAUSTED. I literally would cry every other week getting on flights to go back to the practice to make sure all was okay and manage the day-to-day details. I decided to sell my practice. I met a cool, young investor who seemed like a good guy, but only had enough money to purchase about 70% of the practice. I agreed, and put a management agreement in place whereby he would manage the day to day and I would be a passive owner and retain 30% of the profits. Based on my experience with "partners" this was a huge risk for me, but I couldn't continue to work non-stop and had to de-risk. He paid $1.7M for 70% of the practice. I held a seller note of about $500,000, and received the other $1.2M upfront. With my $1.2M, I started investing in real estate in 2020. I purchased an old historical building in a super popular area close to a major national park and invested about $200k in renovations. It had been sitting on the market for 3 years at that point and because of the state of disrepair I got an AMAZING deal, $500k (total investment about $700K). Additionally, in order to keep renovations on track I had to move up to the location for two months and jump in with construction, including working 18 hour days sun up to sun down to get it ready for rental, even tiling and grouting myself when progress lagged. Also important to note, that also because I was in survival mode, I started applying for legal positions, and landed an in house remote position that I held this whole time as well. I was on conference calls while grouting my bathroom, and when I wasn't working on the house, I was working my W2. After I finished the historical building and put it up for a vacation rental, I invested in 6 other properties last year, leveraging the money I had from the partial purchase of the medical practice, as well as the 30% cash flow, along with the money from the axe throwing range, and my w2 job. I made sure that if any one thing failed, I was never going to be in a position like that again, where I had no money and no way to pay my bills. I have made sure I have about 100 contingency plans, even if it would kill me. So, there is a LOT more to all the story, but I realize that if this gets too long, no one will read it anyways, here is where I am at now: \-Medical practice, 30% passive owner earning about $30k monthly \-Historical property, paid off, invested about $700K, currently worth about $2M, and earning about $150K annually in vacation rental income \-Beach vacation rental, purchased last June for $1.2 million, leveraged with a loan for $900K, after mortgage and expenses, profit is about $80K/annually (conservatively), additionally, the appreciation has been huge, the same property a few houses up just went on the market for $2.4M, realistically, I think it would sell for $2M if listed today. \-5 long term rental townhouses, I purchased each one outright for between $105K and $125K, no loans, and they earn about $60,000 profit annually \-Axe throwing range, we are currently in the middle of a large expansion, but conservatively earning about $150k/annually \- I am still working as in house corporate counsel, I make about $170K annually after bonus = Total annual income, about $970K Assets: \- 30% passive ownership, I value this at $0 when calculating my net worth, I am too worried about it disappearing one day \-$500K seller note, expected to be accelerated and paid off in full this year \-$600K stocks \-Approx. $1.8M for historical home after selling costs \-Approx. $1M for beach house after mortgage and expenses \-5 townhomes at about $130K each, about $650K total \-Axe throwing range, $0, bringing profit but no tangible assets \-Primary home, bought before the market went crazy, and did a full house renovation, total equity about $1M but calculate this as $0 in net worth as well. \-$100K cash, and $60K in retirement = Total NW $4,710,000 This is after having only $40,000 in savings in 2019 and not having a job or any income at that point. With all of this said, I am exhausted. I feel like I aged 10 years in the last three years. I can't let go of any of the jobs, or investments, or businesses because I am terrified of not only what happened in 2019, but also because it brought up all of the insecurity of my childhood and not having food or a place to live. I don't know when I will "Fat Fire" or what it will look like. I do hope to give up the W2 at some point, but right now its my safety blanket. I am expanding the axe throwing range, and always looking at additional real estate investment. My passion is home design and renovation, I love bringing things back to life and showing other people my vision for homes they thought were totally beyond saving. I hope that one day that can be my focus, but right now, I find myself getting more cold feet when jumping into opportunities. When I had nothing to lose, I was taking risks left and right, I am definitely finding myself more hesitant to risk-take. Hopefully something to evaluate and overcome in the future. Also a future fat-fire goal, summer in Italy and learn Italian, we will see how that pans out. I was previously verified by mods, but happy to verify anything I can, because I know this has been a crazy journey. I can't give any sage advice just yet, I am still in my own process, but I hope this story gave some encouragement to others when things in their fat-fire journey have gotten tough. Also, in case anyone is wondering, my baby I had when I was 16, is an amazing honor student, champion wrestler, and is currently 17 now and headed off to college where he wants to study pre-med and become an orthopedic surgeon and sports medicine physician. My #1 goal in life was to raise my kids in a totally different environment from the one I had growing up, and the thing I am most proud of is being able to break the cycle (and if anyone is wondering, I haven't spoken with my dad since that day in March 2019, and this is definitely one of the best things to come out of what I went through).

fatFIRE

What a crock of shit. Ya this isn't writingprompts. You were given a doctor's medical practice for free up front and pay as you go with seemingly no experience in running anything like that AND lived out of state??? Come on now... Then apparently crackhead dad is able to turn the practice around something the original doctor couldn't do??? Don't forget you hAD a bABy As soOn As YOu Got TheRe 🙄🙄🙄 Fuck people are gullible as shit.

ryofb8

Navi Loans: Uninstalling Navi app, even accidentally is considered fraud according to the T&C

From a recent article in [Money Control](https://www.moneycontrol.com/news/business/personal-finance/sachin-bansals-navi-offers-home-loans-at-6-4-heres-what-borrowers-must-do-7909331.html): > According to terms of the lender, the borrowers are not allowed to uninstall the NAVI app from mobile device until you repay the loan. Any accidental violation of this term will be tantamount to fraud, and the lender may initiate legal proceedings against you. It's unclear if they will actually enforce this, but it does seem risky to take a loan knowing that even accidental deletion will be considered fraud. Originally discovered this from a post on the Facebook group Asan Ideas for Wealth ([link](https://m.facebook.com/groups/asanideasforwealth/permalink/6735960589808110)). Just thought I would reshare here as well.

IndiaInvestments

Why on Earth would they include such a clause? The data for the loan and it’s status is stored in the company’s servers and uninstalling the app does not tamper with it in any way. This is like accusing someone of fraud if they throw away a bank loan letter after reading it.

mh3z5z

Noticing a lot of comments advocating for growth over dividends in a sub about dividends...

Don't get me wrong, everyone is entitled to their own opinion. I just think it's odd that people come to this sub about dividend investing to dissuade people from dividend investing. What's up with that?

dividends

Because half of this sub literally started investing in the summer of 2020, often in aggressive growth names, and saw their portfolio go up by 30, 40, 50% and up. When you've never had a bear market kick the shit out of you, investing seems really easy.

lh8dyi

NAMASTE TECH. NV

Hey, this is my first DD, I've been trading for around 6 months, and I found this very interesting penny stock with great growth potential! I'd like to hear your opinions aswell! Namaste Technologies (NV/NXTTF) is the largest ONLINE retailer for medical cannabis systems across the world. Majority of the market is situated in the biggest countries such as: Europe, Australia, UK, Canada, Germany, and keeps expanding into new markets such as Brazil, Mexico and Chile. Namaste Tech. is an international leader in vaporizer and accessories distribution, with great potential up ahead. We are the most bullish on the international side of the industry. Here are some keys aspects to consider upon investments: -Advances USA Expansion with approval from TSX Exchange, engaging in sales of smoking accessories and hemp derived CBD in the U.S. Namaste looks forward to leveraging its VendorLink technology in collaboration with DankStop and PeakBirch Logic, Inc. They also launched another brand under the name: Roilty. -Expects to go live for U.S customers thru CAnnmart by the end of this February 2021. This proves that their expansion is significant and should affect the attention of the company. -This company got approved for their launch of a new nutraceutical division and an expansion of the business into psychedelics. -Estimation of 100% surge on Q4 revenue to $8m From the looks of it, Namaste Technologies have extremely great potential for growth. Through the power of expansion and innovation, there’s no surprise that the company grew by 88% this last month. It is truly a company to watch out for closely, as they are very active with deal-breaking new ideas and constant development. PRICE TARGET: Short Term: 2$-2.25$ - Long Term: 5$+ My personal position stands at 10.3k shares at 0.29$ NAMASTE TECH. EXTRA INFORMATION (10/02/2021): Market Cap: 115.62M Volume: 8,341,194 Avg. Volume: 1,008,808 References: https://finpedia.co/bin/Namaste%20Technologies/ https://www.namastetechnologies.com/news/

Canadapennystocks

NAMASTE junk. ride this pamp but if you long this stonk its cuz u have done zero research. fake pumpamentals. You would have to be an idiot to fall for this "Namaste (NXTTF) is the largest online retailer for medical cannabis delivery systems globally." lol any monkey with an iphone can debunk this pump n dump. good luck soldiers, ​ IN ​ OUT ​ QUICK AND SWIFT

ljzobj

This sub has become r/wsb but with ETFs

The posts are getting more and more ridiculous. > Rate my medium risk portfolio, it is 70% crypto, weed, NASDAQ, eSports, clean energy, and videogaming, with some junk bonds for the safe part. I know past performance is not an indicator of future gains. My strategy is to double my initial investment in five years. This is a personal finance subreddit, not a gambling community, and bullshit like this should be shot down. Instead we have a bunch of newly arrived shoeshine boys upvoting and encouraging each other and giving each other genius tips like "Clean energy is the future and lots of people do weed so they will outperform the market". This is concerning and dangerous for the people involved. Not sure what can be done about it. But I know what is not ok. Looking at the people who understand what is going on but write something to the effect of "Well, maybe do 20% crypto instead of 45%". Recommending moderation in gambling is just enabling gambling. My 0.02€ worth of opinion.

eupersonalfinance

Agreed. I've seen a recent massive influx of new users in a lot of subs I visit (I guess people join Reddit during the pandemic). I never saw myself as a gatekeeper, but getting spammed by low-effort meme post is what kills communities. I hope we can keep this sub an interesting and helpful place.

lj1oht

Thetagang Does NOT Mean You Aren't Taking a Massive Risk

I see a lot of new posters here talking about how they are a former WSB user, lost a lot of money, but now have outsized gains "due to Thetagang." They then proceed to show CSP or even Credit Spread positions on tickers like AMC, TSLA, RIOT, PLTR, TLRY, etc. These users are still taking on massive risk. Let me explain. The standard thetagang strategy is selling out-of-the-money puts on a ticker the user would not mind owning. By definition, these puts are less than 50 Delta meaning as the stock increases the strategy will profit at a rate of <50% of the underlying movement (this decreases as the stock goes up more). However, you still have all the downside of the stock. This means if we get an extended downturn or even a prolonged pullback, you are open to all the downside of these uber-growth stocks that **historically perform the worst in the bear market**. Thetagang tends to reduce volatility on a given underlying at the expense of some returns. However, if you are targeting at +200% IV underlying, you should still expect a very high portfolio volatility. That works great when we have the longest raging bull market in history. However, if this thing turns down, you are going to be stuck holding WSB style loses with no ability to sell calls anywhere near your cost basis. All I'm saying is you need to pay attention to the underlying and understand how you would feel if the stock shit the bed. If you don't have a plan for your meme stock dropping by +50% over the next year, you probably should reconsider your strategy. I personally have allocations to CSPs on GME. However, these are: 1. Way OTM 2. A small percentage of my portfolio 3. A stock I would not mind owning if it cratered to $20, $10 or even $5 over the next 2-4 weeks. Again, I'm not saying don't do these strategies. I'm just saying please be aware you can still have WSB style loses with thetagang.

thetagang

Oh it just warms my shriveled little heart that so many of you have taken up the torch against the absolute onslaught of barely-legal retards pouring into this sub. Keep making these. Kids need to know what they're getting into.

yixsi5

True or False: If you have income without working, someone somewhere else is working for it

I have been watching "[Garys Economics](https://www.youtube.com/c/GarysEconomics)", on youtube; he's an Economist and formerly one of the UK's most profitable investment bankers. [This quote of his](https://youtu.be/wpwTddHwfOM?t=1000) stuck with me: *"\[If\] Somebody's making income and is not working for it – someone else is working for it. That money doesn't just spring out of the ground, that money comes from paying rent, paying a mortgage, or when you have commercial transactions, a portion of that goes to the owners of the businesses, \[or\] the owners of the assets. There is this cash flow that's always going from ordinary people to the owners of assets"* Is this true, and if so does it raise ethical points about owning assets under economic conditions that favour it: Eg: If someone owns a house and rents it out, then their tenant's labour is paying for their income through the 'vehicle' of rent. If I sell a digital product, if the people who buy it have jobs, they pay my income with a portion of their labour. Or: If someone buys a house which increases £100,000 in value over time (adjusted for inflation) If they sell that house to someone with a £100,000 annual income, has the buyer done an equivalent of 1 years work for the seller? One could argue that the owners of assets are taking on a) risk, b) require capital to buy assets in the first place and c) circulate their income investing in ventures and buying goods and services (but only if the economy is growing). ​

AskEconomics

I have never heard of this YouTube channel. You make the relevant points at the end of your own post.... > One could argue that the owners of assets are taking on a) risk, b) require capital to buy assets in the first place and c) circulate their income investing in ventures and buying goods and services (but only if the economy is growing). I agree with you about your points (a) and (b) here. Someone like a passive asset owner or a landlord takes on risk. This is one of the main reasons why their assets produce a return. They also provide capital. I won't go into point (c) here. It's worth starting with (b).... In some ways it's incorrect to say that investors provide capital. What they provide is related to time. All goods are produced using labour and capital. That includes all capital goods. So, in the end everything is produced using only labour and natural resources. Since every piece of capital is produced using those things if you look back far enough. When we say that there's a return to capital, we mean that there's a return to owning it for a period of time. That's because of *time-preference*. The owner of capital could sell that capital and spend the money at any time. Every person who chooses to hold on to capital has decided not to do that. There must be some return for them to motivate them to make that decision. For example, suppose that you are given the choice between $100 now and $100 in a year's time. I suspect that you would choose $100 now. After all, even if it turns out that you have no use for the $100 then you could keep it until the next year anyway. Assets pay a return in the future. So, any asset holder must be happy to wait for that return. This narrows down the number of people willing to hold assets. That means that assets must provide a return or they would not be produced in the first place. Suppose that John is offered a risk-free investment that will pay $103 next year if he puts in $100 now. He decides to invest. Terry is given the same offer, but decides not to invest because he values $100 now higher than $103 next year. What I've written above applies to *risk-free* assets. Moving to your (a), in practice, assets include risk. Just as there is *time-preference* there is also *risk-tolerance*. Some people are prepared to take more risk than others. Those people can trade their higher risk tolerance for higher returns. They do so at the risk of sharply lower returns and even zero returns. We see this in the stock market. With risk comes extra return. These are the forces that drive capital incomes, they're different from those creating labour income. It's not that capital owners are earning from workers. It's a separate type of income. All are related to *disutility* though. Labour income comes from the disutility of working. Risk-free capital income comes from the disutility of waiting. Risky capital income comes from the disutility of taking risk. Without people in the economy willing to bear all these forms of disutility production could not occur.

6p73o3

What are the most valuable community college degrees?

From my own research, it seems like accounting, IT related, some trade, and vocational nurse degrees are the best bet. What do y'all think? I'm trying to make some real progress in pay without taking on debt.

personalfinance

Please do not listen to reddit on this kind of thing. People here ***wildly*** overestimate/overvalue any sort skilled or semi-skilled trade pay. I think people on reddit have a fetish with "manly" careers, or at least are blissfully unaware of little most of them pay. For example, the most highly rated comment in this thread claims you can make $100k driving a truck. The ***median pay*** for truck drivers is ***41k a year***, and the top 10% make ***$63k***. I'm sure someone makes $100k driving a truck, but its gotta be the top 0.1%. Inevitably, when someone points out the data to debunk these wildly inflated salaries people on reddit throw out for trade skills, we get a lot of people commenting about how they know person X who is in a trade and makes a ton of money. That is called an ***argument by exception***. Medians and percentile rankings represent a large number of people. You can still know someone who makes $100k in a trade while the median is $40k. It is sort of like arguing that because Bill Gates dropped out of college and made billions, it is a good idea to drop out of college. ***Edit 1:*** I am getting a lot of people responding to me trying to qualify their claims by saying that you have to move to make these huge dollar figures. The numbers I am looking at cover the entire United States, your local market may pay $60k+ for truck driving but that just means your market is on the right side of the income distribution. ***Edit 2:*** I am also seeing a lot of people replying and claiming that these $100k figures are real, but only if you drive your own truck and work for yourself. The great thing is the BLS also has data on self-employed individuals in this profession. Self employed individuals in the following occupations do ***not*** make much more than traditional employees: Heavy and Tractor-Trailer Truck Drivers, Light Truck or Delivery Services Drivers, and Industrial Truck and Tractor Operators.

skm9u1

how can i make 5 dollars right now within like 10 minutes

i’m broke edit : i am not trying to get anyone to give me money, i was looking to see if there were ways to get money online or anything like that, that is all!!!!

Money

I'd advice, never ask that question again. There are people that'd manipulate you because you are a girl. Earning 5 dollars in 10 minutes is not too difficult (yes I'm south Asian and yet I can say it). If your English is good and you like reading blogs on the internet, then start learning and practicing writing blogs. There is huge money there and I can say it!!

a30iq3

EntrepreneurShip (ESO) Roadmap Details

* August 2018 - **NFC Project Created** * September 2018 - **ESO Pay and ESO Exchange, ESO Ads Created** * October 2018 - **Soft Launch of ESO & Preparing ICO** * November 2018 - **Fase 1 of ICO Open** * December 2018 - **Point Payment Online Bank, ESO Cash Launch** **Fase 2 of ICO Open** * January 2019 - **ESO Shop, ESO Beauty Launch** **Fase 3 of ICO Open** * March 2019 - **NFC Ring Connecting with Merchant ESO Land & Property, ESO Education & Training Launch** * April 2019 - **Listing to Market** * July 2019 - **Partnership Program** [https://e-so.co/](https://e-so.co/)

crypto_currency

ESO Education and Training will be used to improve the ability of users who are still in school education and who have completed school to home users' skills in marketing, entrepreneurship, self-development and individual leadership with the aim of developing the potential for success and reducing financial disparities in various countries so that users will be able to create jobs.

a30iq3

EntrepreneurShip (ESO) Roadmap Details

* August 2018 - **NFC Project Created** * September 2018 - **ESO Pay and ESO Exchange, ESO Ads Created** * October 2018 - **Soft Launch of ESO & Preparing ICO** * November 2018 - **Fase 1 of ICO Open** * December 2018 - **Point Payment Online Bank, ESO Cash Launch** **Fase 2 of ICO Open** * January 2019 - **ESO Shop, ESO Beauty Launch** **Fase 3 of ICO Open** * March 2019 - **NFC Ring Connecting with Merchant ESO Land & Property, ESO Education & Training Launch** * April 2019 - **Listing to Market** * July 2019 - **Partnership Program** [https://e-so.co/](https://e-so.co/)

crypto_currency

With the development of the times and technology, the development follows, as well as in the Financial field (FINTECH) by providing convenience when transacting, it is hoped that it will encourage progress in the economic sector. With the presence of an ESO platform this will encourage the development of smart economics, namely by making non-cash transactions so that this will provide a new arrangement in making transactions.

xdnwds

Bought a hotel, converted to apartments $0 down

Hello! I did something recently that I’d like other people to do - so I thought this might be a good format to lay it out. The financing was $0 out of pocket, but we paid for repairs / did a lot ourselves. Last Summer, I went in with family and bought a 43 bed hotel. Over a few months it was converted to small efficiency apartments, with a large commercial kitchen, dining room, meeting area and a lobby. Why? Because we are very, very short housing in the Midwest. We met up with the local housing authority and got all the rooms inspected and ready to accept section 8 vouchers. After the conversion we have 42 rooms, roughly 320 SF each. There’s a large courtyard in the middle. Our local bank was able to do an 80% loan, with a wraparound product that also had the 20% gap, plus gave us about $50,000 for some repairs. We’ve spent probably $170,000 in total on the updates so far, which I don’t think it’s bad considering. For the rooms we put in a medium size apartment refrigerator, they each have a private bathroom, and the sink is on the outside so it doubles as the kitchen sink. New microwaves, hot plates, updated some furniture. Thankfully the rooms had recently been rehabbed and had a nice new laminate flooring as well as beds and bedding. The courtyard was a complete disaster and we spent a good chunk of money re-designing that. The commercial kitchen in the dining room we had converted the apartment where the owners originally had stayed but also took some money. But it’s totally functional now, we also added two laundry rooms with eight coin washers and dryers, new window heating / cooling units in all rooms. We are able to charge $850 a month, Which more than covers the bills. We probably have another 150k on capital improvements, I would like to add new windows, work on the parking lot, and the septic system needs update. But in addition to a cash flowing beautifully to pay for these improvements, it’s a huge gain for the community. Roughly, We have $15,000 going out every month that covers the insurance, property taxes, gas, payroll for two full-time employees, TV, Internet, miscellaneous. We are always full, average income is 41 rooms paid a month. I will say the key to this is volunteers, who are helping because they see it as an asset to the community. some tenants were through rehab, we also have a dozen disabled veterans, mainly older folks who just need somewhere small and quiet to live. We’ve had great support with people dropping off clothes,food, household items. While technically we are “just” apartments, we’re trying to be a little bit more than that and provide support with meetings, job training, community functions. While it is set up in an LLC it’s acting as benefit corporation. So far me and the other two owners have not taken out a dime. The goal is to get this totally self-sustaining and then maybe sell it and build another one. We owe about 475k on it, in total will have spent maybe 750k, which is pretty good for 42 doors that will soon be turnkey. So I’m just posting this to encourage you to look into alternate avenues of housing, especially if you can work with your local voucher program. It’s really sad that nine out of 10 in my area do not find a landlord who is weren’t willing to work with them, so the vouchers expire. Only 3% of vouchers are used rural areas, that is where I am. I don’t have an angle for posting this, other than I would really like to see some other people try to do something similar. It is possible, it can work.

realestateinvesting

There’s been a few comments that were surprised we can charge $850 per month. So just to lay out the housing situation in my area, it’s bad. There’s a few trailer parks that are charging between 1000 and 1200 per month, for single wide trailers that take an additional 5 to 800 per month in electric to heat and cool. Over the winter three different homes have burnt down because they are poorly maintained, built in the 70s, roughly 900 square-foot. A single-family home starts at 1600 per month to rent. There are a few 2 bed apartments that are in the $1100 per month range, and they were waiting list of over 100 people. They also don’t take vouchers :-/ The Housing Authority and nonprofits currently spend $85 per night on rooms at a few hotels. So over $2,500 a month for similar housing. They were thrilled to be paying $850 for a year solution. The people who are on disability and also receiving a voucher are also thrilled to be spending $50 out of pocket, and have all of their utilities covered. We are paying for the electric, gas, Internet, TV, septic, water, and trash. It keeps their cost-of-living low, So they’re no longer choosing between heating the house medicine and food.

lmcktr

FatFIRE is for suckers, I decided to FILE - Live Early.

Back in my 30's I was similar to so many people who post here. I was a computer programmer making good money from my salary, stock grants, bonuses, investments, and the booming housing market. If I had stuck with it a few more years I could have retired early. People who haven't experienced it will never understand. "Just stick with it," they'll say, "How bad can it be?" If you've been in a job you hate, or are right now, you know that sometimes the money simply isn't worth it. I was bringing my work stress home with me. I wasn't a happy person and that wasn't fair to my wife or young kids. So I quit. I could have taken some time off, decompressed, then found another job to continue my FIRE journey. Nope, instead I bought a coffee farm in Hawaii. I wasn't at my FIRE number yet and after purchasing the farm I was even further away but I don't regret my decision. In fact, I'd say it was the best decision I've ever made. Farming isn't easy. If you think any idiot can be a farmer, you're wrong. Computer programming was easy, farming is not. Still, it was totally worth it. Of course I might be biased because growing coffee in Hawaii is different than growing corn in Minnesota. Now I'm in my 50's, the kids are grown, and I'm selling the farms. I don't have enough money to retire so I'll have to get a job. That's kind of scary. It's been decades since I had to look for a job. Some might think I made a huge mistake. I was close to permanent retirement but I blew it. Instead of retiring early I have spent my entire life working and now I need to keep working. "Fail!" they might say. I look at it different. Which is better, enjoying life while you're young or waiting until you're old? I quit a job I hated and created one I enjoyed. Whenever I wanted to go surfing, sailing, play computer games, take a nap, or hang out with my family and friends, all I had to do was ask the boss. Since I am the boss I always said yes. Maybe some people like the hustle of Silicon Valley, personally I have enjoyed the quiet life on a Kona coffee farm. I'm not trying to convince anyone to give up their journey to FatFIRE land. If I had stuck with it for a few more years, I might be very comfortably retired now. Or I might be a divorced alcoholic with no stories to tell. I have touched lava, swam with dolphins and sharks, chased a pet goat out of my living room, wrestled a wild boar, been sunburned on my private parts, been lost in the jungle, and every day I drink ridiculously expensive gourmet coffee that I grew myself. If I'm working at age 65, will I still think I made the right decision?

fatFIRE

I mean, it’s your life. But if you were really only a couple of years from retirement, you could’ve just worked 2-3 more years, and then surf, sail, play video games 24/7 instead of farming for two decades, and you wouldn’t be stuck getting another job you’ll probably hate in your 50s... To me, that sounds like a better choice.

ldgx2h

Bachelor of ASX betting: valuation 101

Alright you smooth brain degenerates, here’s some shit I’ve learned along the way which probably wont help you but if it even remotely helps one of you, then I have achieved the goal of this post. To quote that old guy: price is what you pay, value is what you get. But how do I value a company? I’ve seen it posted a bunch of times. Its more of an art than science, so let’s discuss this dark art. It constantly boggles my mind at how many cunts dive into buying shares but do not even attempt at trying to think of a realistic valuation, backed up by some sort of financial measure. “What price should I exit at” is almost the equivalent of setting off on a road trip before you have decided on a destination. I accept this view could, and should, evolve over time so asking the question in itself is not unreasonable provided you have your own view. I know this is a casino and this shit is irrelevant for gambling but I’ll continue regardless. One thing I also see a lot of which I’d like to debunk is the concept of a $5 share price being “cheaper” than a $6 one. Companies, at IPO or any time afterwards, can make their share price whatever they want. A market cap of $100m with 100m shares gives a SP of $1. If they issue less shares, the share price goes up, and the company’s equity value has not changed. Likewise when you do a stock split / consolidation you can adjust the per share price without changing the market cap. If this doesn’t make sense, get off this sub and do not invest in anything until you grasp this, seriously. The concept of “cheapness” comes from the amount of cashflows you expect to receive for a given price. As Wu-Tang told us; [C.R.E.A.M](https://youtu.be/PBwAxmrE194). literally all we care about is cashflow, so keep that in mind when you’re thinking about future value as well. Before I launch into valuation, there needs to be a high-level understanding of the difference between equity value (share price, market cap) and firm/enterprise value (market cap + net debt). You should also adjust firm value for minorities and associates, but let’s keep this as simple as possible. This is relevant when looking at ratios. The other thing to understand is: valuation (and therefore share price) is a forward-looking beast. If you imagine the hypothetical situation where a company announces a record earnings year in conjunction with a plan to cease all operations, share price would obviously tank – no one gives two fucks that they had a record year if they are closing next year. Let’s dive in. Broadly, there are two valuation methods: fundamental and relative. Fundamental: Few of ways to do this, but main one you’ll see finance cucks talk about is a DCF. This is all about calculating the NPV of future expected cashflows. People shy away from these because they think they are hard. DCFs aren’t complicated, but there are a shitload of subjective assumptions that go into them which, unless you’re prepared to think at a highly granular level about, these aren’t worth the paper they are written on. IRR is just the discount rate required to achieve a NPV of 0. There’s other ways like dividend discount models but they require stable AF dividends to work. Relative: This is referring to multiples like P/E, EV/EBITDA, PEG, EV/FCF, P/sales etc etc. These are quick and dirty and will give an answer in seconds. They’re only truly useful when comparing similar companies. i.e “is afterpay good value compared to zip?”. Rarely will using one in isolation give you an accurate or useful view of a company. Again, no one gives a flying fuck about what historical multiples are. So, the slightly nuanced thing here is ideally you need a forward-looking number. Historical numbers usually do provide the best guide/context available for future numbers, so we can’t say they are completely irrelevant, but always have your eyes on the road ahead, not in the rear vision. Examining the P/E multiple, I touched on why historical ‘E’ could be irrelevant for major changes in operations (acquisitions, divestments etc.), but as the capital structure changes this can also impact ‘E’, so you would also need to adjust for any permanent changes in that regard. Point is, be wary of the traps in historical numbers, they’re the easiest to find but not always the most useful. Generally speaking, people aim to use a denominator as low down on the income statement as possible, as its closest to what you receive as a shareholder. EBIT and EBITDA are sometimes used as a proxy for cash. Equity markets most commonly look to NPAT (P/E), however if its loss making you might need to go to EV/EBITDA, if its capital intensive you should look at EV/EBIT. Note that you use EV as the numerator for EBIT and EBITDA for capital structure neutrality. If it’s a meme stock with no EBITDA then maybe you are looking at a sales multiple, if no sales, well, you have to have a compelling thesis as to what you are buying if they can’t sell their products to anyone else. Some are industry specific (e.g you can’t use EV/EBITDA on a bank, and you wouldn’t value BHP on a P/sales or you’ll look like an idiot pretty quickly). The higher the multiple, the more growth the company has to deliver on to justify the price. If two identical companies had different multiples, you could (sort of) fairly say that the higher one was “more expensive”. Given multiples change depending on growth (i.e in a company with positive growth, multiples decline the further you look into the future), it’s easy to then understand that these must be time sensitive. If you are comparing a multiple in 12 months time, it should only be compared with other multiples in with the same time frame. Sometimes, if you can’t be fucked doing a heap of work it can be useful to reverse the question and ask, “what do I actually need to believe for a valuation of $x to be true?”. Doubt anyone is reading by now so I’ll stop there. If there’s any interest in diving further into these concepts, shout out and I will gladly help. If all the fundamental shit gets you excited there’s a bunch of better resource out there, don’t trust reddit and go read Damoderan or something. This is a very brief intro, so before someone comments “you forgot to include bullshit method xyz that my great grandad used when he was doing a leveraged buyout of Dildos Anonymous Pty Ltd in 1969”, I’ll get in first and highlight it is not even close to being exhaustive. Peace out and stay retarded. Here’s a rocket 🚀 TLDR; boring valuation shit discussed above. Not relevant to gambling.

ASX_Bets

Degenerate cheat sheet: SP = Share price IPO = Initial public offering C.R.E.A.M = Cash rules everything around me DCF = Discounted cash flow NPV = Net present value IRR = Internal rate of return AF = As fuck P/E = Price-earnings ratio EV = Enterprise Value EBIT = Earnings before interest and taxes EBITDA = Earnings before interest and taxes depreciation, and amortization PEG = Price/earnings to growth ratio FCF = Free cash flow P/sales = Price-sales ratio NPAT = Net profit after tax 🚀 = Ignore all of this and buy

lxzwnf

[Serious] This Subreddit has such recency bias that goldfish look like they have photographic memory.

In light of all of the "should I sell posts" I have to speak up a bit. 2 weeks ago you look at any rate my portfolio post and nearly everyone is recommending every high-risk ETF you could name. ARKK, ARKG, ARKW, ARKQ, ICLN, YOLO, MOON, TAN, LIT, I can keep going. And these were all recommended knowing damn well that a correction was due. And nearly unanimously every person would say something along the lines of "Buy and don't sell", "Cathie Wood could sell me on immortality at this point", "There'll be a correction I'm sure, but don't sell." Now the second a "correction appears to happen" you all panic. The market will bounce back, bottom line. It's like people forgot about the horrible drop when the pandemic happened. Now looking back, everyone wishes they bought more stock around then. Go ahead and sell, it not my portfolio and I don't lose sleep over your decisions. But let me double-check how far this correction has been so far. Yep.. checking ... the S&P is down to where we were all the way back to... exactly one month ago. Yep. The NASDAQ100 is down to ... 3 months ago. Incredible. ARKK is down slightly where it was in January 1... 2 months ago. But disregard all of that. Maybe the moral of the story is that Reddit shouldn't be defining your portfolio because no one knows what they're doing. The swarm of ARK followers has sort of disappeared. I haven't seen a single renewable energies ETF post that sounds like they're keeping it. Don't just "hear what's good" and then buy it and then the second "you hear what's bad", sell it. Jack Bogle said it best. There's nothing wrong with the ETF (with regards to TIFs), as long as you don't trade it. ​ Second bottom line. 100 VT or VTI/VXUS. Never worry about this shit again. Do some flash cards and build that memory back up.

ETFs

Since covid began, the personal finance portion of Reddit has been filled with first time investors that are investing based on their emotions and what everyone else is doing. Please don’t sell me the “be fearful when others...” or “time in the market vs timing the market”. Normal, seasoned investors don’t think like this, ever. The biggest mistake I made when I started was: “I’M DOWN 5%! I MUST SELL!” If you believe in what you’re buying (for me S&P 500 because stock picking isn’t in my nature), this is the time you put together a strategy and stick to it. For example, for every 200 pts the S&P goes down, I will buy one share of SPY top of my regular purchases. If you’re investing (not trading) you don’t sell, you keep adding.

l8rhr3

Weekend GME Thread + Homework for all: Let's stop using brokerages that halted trading

Hello all, Let's use this thread to discuss the GameStop situation this weekend, please don't open new threads about it unless it is a unique perspective or brings very valuable information. Do note, posts and comments are still restricted to users with a higher Karma and account age. ##Important information First, let's get some things out of the way: * The short squeeze has not squoze yet, short interest estimates are still extremely high, I won't post the sources and encourage you to search for it yourself. * The gamma squeeze has not happened, it may happen Monday, it may happen gradually, it may not happen (if their positions have already been covered), it isn't necessary for anything to happen, however. * The establishment is still lying about many things for the purpose of market manipulation (Jim Cramer, CNBC, etc.). These people are SOLD. Read Canadian news channels regarding the situation, they are much less biased! * Google and Apple and removing negative reviews from bad brokers from their app stores, put a calendar reminder in 2-6 weeks to add your review at that time, instead of now. --- ##Let's make a list of the Brokers that restricted the purchasing of specific tickers The worst thing that happened this week were the restrictions that our brokers put on buying specific tickers. This, obviously, affected the stock market, tanked those tickers, and significantly reduced our trust in the institutions at hand. Now, I'm aware the reasons for this are complicated, we know that for many of them, they were forced to restrict these tickers by their Clearing Houses (Apex being the main one), we don't exactly know why, or whether that is legal or not, however. **One thing for certain, the communication by the brokers and clearing houses was very, very, very bad. This, in turns, significantly harmed the public's trust in them, as well as the institutions in charge of regulating this.** Here is my list, please comment below and let me know which ones I've missed: ### Horrible Brokers - Restricted purchasing of certain tickets and lied/gloated about it * Robinhood - [Now Blocking 50 Equities](https://seekingalpha.com/news/3656437-robinhoods-50-stock-limit-list?mail_subject=bb-ino-robinhood-s-50-stock-limit-list-with-spacs-makes-mass-exodus-likelier-alpha-tactics&utm_campaign=rta-stock-news&utm_content=link-73&utm_medium=email&utm_source=seeking_alpha) - [CEO lying saying they have no liquidity issues, 1 day before getting a 1 billion bailout](https://www.youtube.com/watch?v=6fs_lyGn4YA) - [Join the lawsuit against them if you were affected](https://robinhoodgamestopclassaction.com/) * Interactive Brokers (US/CAN) - [Display visible contempt for Retail traders, wants GME to go to 17 before re-enabling trading](https://www.youtube.com/watch?v=7RH4XKP55fM) - [Blocked Trading212, as their acting intermediary](https://www.financemagnates.com/forex/brokers/trading-212-blames-interactive-brokers-for-trade-execution-delay/) * E-Toro - [Proof](https://markets.businessinsider.com/news/stocks/robinhood-webull-m1-reopen-gamestop-stock-trading-2021-1-1030019926) - [Forced stop-losses](https://www.etoro.com/posts/0__entry__df95e7f0-1772-4ec7-a271-69b13ca229dd?utm_medium=Direct&utm_source=55714&utm_content=0&utm_serial=SocialSharePostcopyLink_918269&utm_campaign=SocialSharePostcopyLink_918269&utm_term) ### Bad Brokers - Restricted purchasing of certain tickers * E-Trade - [Proof](https://www.theverge.com/2021/1/28/22254863/etrade-gamestop-amc-stock-reddit-wallstreetbets-robinhood) * Ally - [Proof](https://www.wsj.com/articles/online-brokerages-restrict-trading-on-gamestop-amc-amid-frenetic-trading-11611849934) * Public.com - [Proof](https://techcrunch.com/2021/01/28/webull-and-public-remove-restrictions-on-memestocks-after-citing-trade-settlement-firm-as-the-cause/) * Merrill Edge - [Proof](https://www.streetinsider.com/Momentum+Movers/Merrill+Edge+said+to+have+put+restrictions+on+trading+in+AMC+Entertainment+%28AMC%29%2C+GameStop+%28GME%29/17879212.html) * IG Broker - [Proof](https://finance.yahoo.com/news/gamestop-amc-uk-trading-platform-163546937.html) * Trade Republic - [Proof](https://www.tellerreport.com/business/2021-01-29-%0A---trade-republic-and-gamestop--patronizing-investors-%0A--.BJNYXthWl_.html) * Webull - [Admitted they were forced to by clearing firm](https://finance.yahoo.com/news/we-bull-ceo-explains-why-trading-was-restricted-amid-the-game-stop-market-mania-172539318.html) - [Clearing firm is Apex](https://www.youtube.com/watch?v=4RS4JIEVyXM&feature=youtu.be) - They'll be moved to neutral once they publicly confirm Apex was sole reason the trades were restricted. * Stake - [Proof](https://hellostake.com/au/stake-updates/understanding-trading-suspensions/) * Trading212 - [Proof](https://inews.co.uk/news/business/gamestop-uk-trading-robinhood-trading-212-gme-stock-restricted-legal-action-850465) - [re-enabled, caused by intermediary](https://twitter.com/Trading212/status/1355074914202628098) - [Intermediary is IB](https://www.financemagnates.com/forex/brokers/trading-212-blames-interactive-brokers-for-trade-execution-delay/) - [Restricted purchasing of other securities previous](https://community.trading212.com/t/gold-buying-restricted-in-larger-quantities/27987) - Based on them restricting securities before this, and countless complaints regarding other restrictions, I've put them back in the bad list. ### Neutral Brokers - Restricted trading, publicly naming their intermediary * Freetrade - [Proof, blames Barclays](https://www.cnbc.com/2021/01/29/gamestop-saga-uk-trading-app-freetrade-halts-purchases-of-us-stocks.html) - [CMO Interview](https://www.youtube.com/watch?v=V76UGdYAdcI&feature=youtu.be) - [CMO Tweets](https://twitter.com/v18n/status/1355258696885030915?s=19) * M1 Finance - [Proof](https://markets.businessinsider.com/news/stocks/robinhood-webull-m1-reopen-gamestop-stock-trading-2021-1-1030019926) - [Blames Apex Clearing](https://twitter.com/m1_finance/status/1354837064072753152) * Tastyworks - [Proof, blame Apex Clearing](https://twitter.com/thetastyworks/status/1354879706991128578) * Stash - [Proof, blamex Apex Clearing](https://twitter.com/Stash/status/1354839916761518083?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1354839916761518083%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.newsweek.com%2Fwebull-blocks-gamestop-amc-transactions-stock-market-robinhood-1565172) * TD Ameritrade/Canada - [Proof](https://www.cnet.com/news/reddits-amc-and-gamestop-stocks-swing-wildly-after-robinhood-td-ameritrade-restrict-trades/) - [Proof2](https://www.cbc.ca/news/business/robinhood-gamestop-1.5891363) - (Margin requirements increased, Covered call and short put orders may only be placed with a broker and support times are > 2h, other trades restricted) - Neutral because they didn't restrict the purchase of stocks with cash. * Revolut - [Proof](https://www.financemagnates.com/forex/brokers/gamestop-buyers-suffer-another-setback-as-revolut-bans-trading/) - Blames DriveWealth LCC ### Good Brokers - Did not restrict trading * Most Canadian Brokers (Questrade, Qtrade, Disnat, BMO, HSBC, RBC, TD, etc.) * Most European Brokers (Swissquote, TradeStation, Degiro) * Fidelity * Vanguard * WealthSimple (CAN, US) * Schwab (Margin requirements increased) * You Invest (JP Morgan/Chase) * Capital.com * Wells Fargo - [allowed trades but banned its advisors from talking about GameStop](https://www.barrons.com/articles/wells-fargo-blocks-advisors-from-recommending-gamestop-amc-51611870929) * Nordnet * Citibank --- ### Note regarding the clearing houses The first step is to know why brokers restricted the trading. The second step is to investigate what happened with the clearing houses. Currently, the following clearing houses seem to have had the most issues: * Apex Clearing * Barclays * IKBR We don't know if these firms acted maliciously (protecting themselves before protecting the free market), or because they literally had no choice. If the former, they need to be punished. If the later, then laws need to change. EITHER WAY, something needs to change, this post is merely here to put attention on the problem, I don't claim to have the solution. Additionally, there needs to be open communication about this issue, currently, they are not saying anything on social media regarding this. Once they do, I'll update this post with it. Note: /r/ THICC_DICC_PRICC tried to explain this in some detail [here](https://www.reddit.com/r/stocks/comments/l90an8/an_explanation_of_what_caused_the_trading_halt/). I cannot attest to the accuracy/validity of his explanation, feel free to discuss that on his post. --- We might keep this information on the sidebar...forever. Please help me build this list to completion. If you are using a broker in the bad list, even if you are not invested in the tickers that have been restricted, please consider moving to a better broker. Thank you all for your patience, we are sorry new members are not able to comment yet, we promise you will be allowed to once this is over!

stocks

For anyone watching the GME situation (all of us?), consider these relevant points and taking the relevant actions: 1. Big money is MORTIFIED and the retaliation is completely unprecedented: coordinated attacks, willingness to risk prison over financial loss, concealing data, etc. They're shaking because we're holding GME. Despite any other lack of information available, this may be the best signal for why you should hold. Period. 2. After the massive GME rise, there was a LOT of bot activity trying to distract, dissuade, etc. They're poisoning the well, and it's difficult to know what can be trusted and what can't. The one thing we DEFINITELY know, however, is that all of those attacks are being done to make us sell GME and spin the narrative that the complicit agents are victims / good guys. 3. Robinhood + Citadel are trying to spin a BS narrative. If your institution can't afford something, shut everything down equally and go bankrupt. Choosing a specific stock to shut down is perhaps the most egregiously corrupt action ever taken in the market (which is saying A LOT). YOU weren't allowed to buy when major funds were, especially at CRITICAL times with CRITICAL buying opportunities to protect Citadel + big money and it collectively cost us tens of billions in lost opportunity. They're being sued, and rightfully so, but laws need to change to ruthlessly punish them NOW. Contact your representatives, SEC, etc. if you haven't already. 4. Hedges might lie about their short positions, or restrict visibility as much as possible. They can break laws and face negligible fees by comparison to the rest of what they stand to lose. Therefore, it's reasonable to assume they might do this among many other PR stunts to terrify you. Keep updated. Someone pointed out that iborrowdesk is no longer reporting on updated gme because, again, the legal consequences don't matter enough and they're protecting their interests. Refer to #1. 5. We don't know WHEN short positions will be covered, only the math that requires them to cover as we move forward. So if they delay and everyone gives in, they could save a lot of money. However, the longer they delay, the more they have to pay. So it's a matter of whether or not they double down and face higher risk/reward or not. Be prepared to WAIT. 6. If you set visible limits, the hedge funds can use this data to their advantage and potentially have attack vectors against us. However, if you don't set limits, you might miss out on major trading spikes when they happen. The selfless act is to avoid low limits, but the ultimate goal is to distribute wealth to the people so take if you're the people who need it. 7. If you're angry at Robinhood, move accounts AFTER this is over so that you're not frozen. Also, DO NOT transfer to your bank, because that will trigger a tax event. You're supposed to transfer between brokers. Look into this further yourself, since I'm not a tax expert. 8. If you're angry at Google for removing negative Robinhood accounts, use Ecosia instead. They're just as user friendly, effective, and they give 80% of their profits to green energy and planting trees. Google will lose hundreds or thousands of dollars per year from your ad revenue and data collection. 9. It's hard to anticipate what other stunts will be pulled to try to screw us over. Contact your representatives, particularly those in finance committees and demand REAL consequences for this criminal behavior. This matters. You're welcome to exchange this info freely if you find it useful. I am not a financial advisor, yadda yadda, you know the drill.

lfvrxo

ADVICE for NEW and SERIOUS TRADERS

Hello everyone. First and foremost I'm hoping everyone is safe and sound during this time. Welcome to the world of trading. I will make this post very simple and straight to the point because newcomers that I am aware of are making me CRINGE by the way they speak and are investing into stocks, not only in this sub, but including people I personally know. Here it goes: 1. DO NOT spill your life savings into trading. You have worked very hard to make that money. The last thing you need is all that money disapearing in a blink of an eye. Start off with an amount you can truly play around with - and do not jump into the get rich quick scheme by dumping everything. Even if it's just $100.00, it's a great amount to get a feel for the market. 2. DD - Due Dilligence This means to investigate on a particular stock you are interested in investing into. How so? View their accessible financial records, see how they have performed in the previous years, what situation they are in, etc; That doesn't mean, "Oh, someone told me Daddy Tesla tweeted about a Woof Woof currency so I'm going to dump my money there." Or another example is with people claiming that a certain stock will jump extremely high so "get in right now!!! 🚀." NO. Just no. I am not saying ALL those individuals are ill-minded or trying to get you, but if you come across something like this, then research "Pumping and Dumping". PLEASE, do your own research. I understand everyone wants to make money, especially during this horrific time, but you must do your own part as a trader and not ENTIRELY rely and leech of others. Be Smart. 3. Set a target price and limit for a stock and don't be GREEDY. As you see the stock you have invested in is slowly increasing in value, your mouth will get watery. Pretty soon it will get to the point where it gets high that in an instant it can DROP, causing water to now come out of your eyes. I know we want more and more, but if you're especially trading for short term, set a price you would want to sell at. Example: BAD: Let us purchase this stock at $0.25, we shall sell at $0.30. Oh wow it's at $0.30, okay let's sell at $0.32, it will surely hit. Ah shit, it dropped $0.22, we have to sell this just so it doesn't go lower. Set a limit order ! This will automatically sell at the target price you want it to. Once you get your profits, take off and don't look back saying you wish you invested much more and longer, if the stock value decides to increase. Be happy! Any profit is better than no profit and/or losses! 4. Educate yourself Read up on stocks ! How they work, the meaning of stocks, puts, NASDAQ, ETF's, etc; Familiarize yourself with trading terms. Watch YouTube videos on how to get comfortable with the market, beginner videos on trading, live trading with professionals, etc; Feed yourself knowledge. The more educated you get, the more serene your experience will be within the market. "Any fool can know. The point is to understand." ~ Albert Einstein. 5. Handling losses. If you are losing a substantial amount of money from what you have deposited and it is affecting you mentally, physically or is causing you to be in a depressive state you can't escape, then you shouldn't be trading anymore. You have to learn to handle losses. Every trader goes through a loss or failure as so does every human being excluding trading. It was your idea to get into trading, so you should be aware of risk consequences. Learn to enjoy the whole journey man regardless of what happens. Have fun every step of the way and don't let certain things get to you. I've had my losses in the market and I am glad to say it hasn't bothered me one bit. Life is meant to be enjoyed, not to be lived with sadness. Best of luck to all of us traders and I wish you nothing but success for this brand new year and the years to come. Please feel free to post other pieces of advice as I am fairly new to the stock market as well (roughly one year). Thanks for reading.

pennystocks

This is exceptional advice. A few additional things I have found: - For every great buy you will find on here, you have to go through 20-50 others that either are not that good or you are too late for. I always first look at a stock chart on each stock. If a stock has already made a huge jump from say $.05 to $.85... I say, “Crap, missed my chance there. How could I have caught that before it shot up?” But jumping into a stock after a huge jump turn out to be a bad move more often than a good one. But overall, I gather up 20-30 interesting stocks, that I will sort through hoping to find 1 or 2 that I may actually throw money at. - When I put money at anything under $2, I always put in a sell order right away for one half my shares if it doubles. So, if I buy 1,000 shares of something for $.45, I will put add a sell limit order of 500 shares at $.90. That is a hedge that allows me to get my entire investment back while still having a stake. By cashing my initial investment, I can be more aggressive or patient with my remaining shares - it is basically house money at that point. It is crazy how many times doing this paid off way quicker than I expected. I can’t watch the market all day during work hours. - Ask questions in the DD threads. I have seen lots of people in this sub say that they don’t understand the financials and other tools evaluation. Most every one here will go out of their way to teach you whatever you don’t know. If you learn it, you can then help do your own DD and let us move through more prospects more quickly. - I try to limit my new investments to about one new stock a week. I honestly don’t know how you could do enough DD on much more than a couple a week - which I find it is helpful to ask which one is best than just throwing money at everything that looks promising. Say you have three EV stocks you are looking at. I find it is best to force myself to pick the best. Also, if you jump on the daily thread and pick 20 tickers to throw money at, you would be well served to slow down and get more judicious about your targets. Anyways, great OP!

7hdycd

If you think CryptoKitties is about cats, you're missing the entire point...

I've noticed a lot of anger, frustration, and confusion towards CryptoKitties in the daily thread over the last few days (along with plenty of joy, wonder, and excitement). For those who don't understand and/or lack the imagination, pretend for a moment that the [ERC 721 tokens](https://github.com/ethereum/EIPs/issues/721) which represent all the individual kitties on the blockchain didn't represent cats at all. Imagine, instead, that they represented: * loot items in World of Warcraft * rare cards in online collectible card games * plots of land in Arizona * corporate stocks from Fortune 100 companies that trade on NASDAQ or the NYSE Does that make more sense to you now? People aren't necessarily excited about the actual cats themselves, they're excited by *the endless possibilties* that this demonstrates. Go look at the online marketplace they've created. Look at the user interface. Fire up your imagination and envision a world where 'digital drawings of cats' are just one of the many, many, MANY assets being traded in the Ethereum eco-system. THIS is precisely what gives Ether its value: the ability to create, tokenize, and trade things **on the blockchain.** And this is the reason that CryptoKitties was deployed to the Ethereum blockchain and NOWHERE ELSE -- not Bitcoin, not Dash, not ETC (lol ETC). If you're mad about CryptoKitties, you're missing the whole point -- this isn't a distraction from the price, this is *exactly the reason that ETH rose 5000% over the past year.* Yes, it's silly and it's goofy, but it's a proof of concept. It demonstrates to the world what is currently possible, RIGHT NOW, in the Ethereum eco-system. ETHEREUM, and nowhere else. It's not about the cats, it's about the future potential of the whole protocol.

ethtrader

Unfortunately, the truth is that we cannot currently sustain this ideology. Go ahead, log into the site and try to buy a kitty. Realize your transaction will be "processing" for quite a long time and then it times out. Then get smart and raise the gas limit and gas price, only to realize it didn't fix the issue. You're still kitty-less.... Now imagine this frustration wasn't over kitties but it was over loot in WoW, rare collectibles, plots of land all over the world or stocks.... You'd be furious. The concept is incredible, but let's focus on the fundamentals of blockchain technology first. Ethereum is currently SEVERELY limited in transaction capacity. Yes, we have IDEAS to impliment that "should" make the load lighter and transactions faster, but the truth is: the current Ethereum blockchain cannot support mass adoption of a SINGLE useful/intriguing dApp. "Scalability issues are being solved...Raiden, Plasma, Sharding etc". Yes, these solutions are coming, but it might be smart to slow the train until they are tested and proven before people get so fed up with the sluggishness of the blockchain that Ethereum ends up being discredited in the meantime. Don't get me wrong, I love me some kitties, but the Ethereum blockchain has a LONG way to go before we can start talking about the applications OP has suggested.

ltrzoy

Are we heading towards a crash?

The conditions seem ripe for the next 2008/1930 like crisis. Interest rates have dropped to an all time low, some stocks are ridiculously overpriced, noob investors now have access to brokerage free trading, and cryptocurrencies are soaring to new highs. Just like the mortgage backed securities from 2008, we have SPACs now in 2021. The wealth that's being created in the market is highly disproportionate to the actual economic value in terms of goods and services being generated. Even though COVID was predicted to be the great crash of this decade, markets sailed through it, rather they thrived better than any time in the history. Should we be worrying about an impending disaster? If yes, what can I as an individual can do mitigate the impact of it on my personal life?

AskEconomics

Due to the [Efficient Market Hypothesis](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/efficient-markets-hypothesis/), stock market crashes are unpredictable. Recessions are also unpredictable due to the same logic. Another extension of the EMH is that your assessment of whether certain assets are underpriced or overpriced are unfounded. You can't know that information.

xdtpjx

Vacationing in Goa made me realize - car rental company as an investment?

Transport in Goa is awful so car rentals are quite common. Ive just seen the rates - even a 6L car costs 1500/day to rent. Even taking assumption that you are able to rent your car just 10 days a month and sell your car in 5 years for only 65k, that's 9.5L in 5 years on a 6L investment. That's a 10% CAGR being extremely conservative. Am I missing something or is this a very lucrative business?

IndiaInvestments

As someone who lived in Goa, the locals have a tight monopoly there and most of the voterbase is engaged in taxi, rental and tourist services. Even ola, zoomcar etc couldn't penetrate into the market. The politicians will not side with you since they are guaranteed to lose the next election and taxi unions are very shady and will resort to damaging your property as well. Good luck with this.

o9orvk

Stop trying to shortcut your value education and learn the basics

I've noticed a trend on this forum of people trying to learn the mechanics of a valuation process without understanding what the numbers they are using mean or the basic finance assumptions that underly different valuation processes. For example, posts will commonly ask about a particular part of a DCF model while at the same time mixing up free cash flows and earnings. If you don't know finance and accounting as a value investor, to use a Mungerism you are a one-legged man in an ass-kicking contest. The great value investors learn all the time and get to the core of important subjects, they don't try to figure out how to avoid learning about GAAP rules. When you read Warren Buffett's letters to shareholders you would be surprised at just how much thought he has put into GAAP rules and the basic tenants of finance. There are ideas in both fields he disagrees with, but he takes learning about the subjects very seriously. Knowing accounting and finance is not sufficient to be a successful value investor, but it is hard to argue that it is not necessary. TLDR: Take the time to learn accounting and finance.

ValueInvesting

I agree completely. Can't learn the harder stuff without learning the foundations just like everything. If anyone needs a step by step guide (subjective opinionated) on what you should actually be learning first, second, third etc then I wrote a really long one here: [https://www.reddit.com/r/UndervaluedStonks/comments/kheec2/the\_ultimate\_fundamentals\_guide\_on\_what\_you\_need/](https://www.reddit.com/r/UndervaluedStonks/comments/kheec2/the_ultimate_fundamentals_guide_on_what_you_need/) And here's a massive data dump of every investing resource/tool by r/StockMarket: [https://github.com/ckz8780/market-toolkit](https://github.com/ckz8780/market-toolkit)

xdxjmk

What's a good idea at first glance but when you think like an economist, it's not a good idea anymore?

To all economists out there, I'm starting to learn more about economics but there are some lessons that I struggle with because of lack of examples and sometimes I'm having a hard time understanding it. Hoping you guys would share some simple examples about my question. Thanks a lot

AskEconomics

In general, thinking about second-order effects is a good way to "think like an economist" and discover unintended consequences of policies that look reasonable at first glance. These Wikipedia articles contain good examples of unintended consequences of economic policies: https://en.wikipedia.org/wiki/Perverse_incentive https://en.wikipedia.org/wiki/Subsidy#Perverse_subsidies

ed1oig

I thought I was getting a 2k raise today. Instead I got 13k!!!

Y’all I have never made this much money in my life. I don’t know what it’s like to be able to put money in savings only to not have to pull it out almost immediately. This is life changing. I am so excited. EDIT: Wow I wasn’t expecting this to blow up- THANK YOU for all the upvotes, the awards and the excellent advice I’ve received!! To answer some of your questions, I took this position back in March, as an assistant in an administrative/ accounting type capacity. I’d had about five years of related experience. My immediate supervisor abruptly resigned in June, and I stepped in to fill the role. In the process I discovered hundreds of thousands of dollars in discrepancies (which I have managed to mostly correct.). My initial salary offer (the 2k raise) was made before these problems came to light and it was supposed to take place at the beginning of the year. I am not rich by any means not even after the increase- I went from making low five figures to mid range five figures, but the increase is probably all the more significant because it boosts me and my kids from “low income” into “living wage” territory. It’s thrilling for me to see some light at the end of the paycheck-to-paycheck tunnel after years of being dead broke and unable to even afford normal basics. Yes I am paying this forward already (see my comment history for details). And yes- I am meeting with the company’s financial advisor (they provide one free to employees) to determine my best course of action moving forward as I don’t have much experience with saving successfully. I am determined to build a nest egg and buy a house as soon as I can.

povertyfinance

That's awesome! Congratulations! I remember when I got my first bonus at a job. It was $1,200, which was more than any paycheck I ever received. I remember going in the bathroom and crying because I was so overwhelmed. I went and bought groceries, paid some bills, and even bought myself some comfy shoes. I also used some of the money to buy myself a new mattress that I desperately needed. It was such a wonderful experience.